Company: OSBC
Filing Date: 2025-05-08
Form Type: 424B3
Source: 0001104659-25-046065
Chunk: 108

Company: OLD SECOND BANCORP INC
Filing Date: 2025-05-08
Form: 424B3
Chunk 108
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 any third-party indication of interest in, any (A) merger, consolidation, share exchange, tender offer, business combination or similar transaction involving Bancorp Financial pursuant to which any third party acquires or would acquire, directly or indirectly, assets or businesses of Bancorp Financial or any of its subsidiaries representing 25% or more of the revenues, net income or assets (in each case on a consolidated basis) of Bancorp Financial and its subsidiaries, taken as a whole, (B) sale or other disposition of 25% or more of the revenues, net income or assets (in each case on a consolidated basis) of Bancorp Financial and its subsidiaries, taken as a whole, (C) recapitalization, restructuring, liquidation, dissolution or other similar transaction with respect to Bancorp Financial or (D) transaction which is similar in form, substance, or purpose to any of the transactions listed in (A) – (C) above.

However, in the event that prior to the approval of the merger agreement by Bancorp Financial’s stockholders, Bancorp Financial receives an unsolicited bona fide acquisition proposal, and Bancorp Financial’s board of directors concludes in good faith that there is a reasonable likelihood that such acquisition proposal constitutes or is reasonably likely to result in a superior proposal, it may, and may permit its officers and representatives to, furnish or cause to be furnished nonpublic information or data and participate in negotiations or discussions to the extent that its board of directors concludes in good faith (after receiving the advice of its outside counsel and its financial advisor with respect to financial matters) that

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failure to take such actions would constitute, or would be reasonably likely to result in, a breach of its fiduciary duties under applicable law, provided that, prior to providing any such nonpublic information, Bancorp Financial enters into a confidentiality agreement with such third party on terms no less favorable to it than the confidentiality agreement between Old Second and Bancorp Financial. For purposes of the merger agreement, a “superior proposal” means any unsolicited bona fide written acquisition proposal made by a third party, which, upon acceptance by Bancorp Financial, would create a legally binding obligation of such third party (subject to regulatory approval) to consummate the acquisition proposal, on terms that Bancorp Financial’s board of directors determines in its good faith judgment, after consultation with its outside legal counsel and financial advisors, (A) would, if consummated, result in the acquisition