Company: OSBC
Filing Date: 2025-04-23
Form Type: S-4
Source: 0001104659-25-037832
Chunk: 103

Company: OLD SECOND BANCORP INC
Filing Date: 2025-04-23
Form: S-4
Chunk 103
---
 as a result of the merger;

•

required governmental and other regulatory filings and consents and approvals in connection with the merger;

<div align='center'>65</div>

TABLE OF CONTENTS

•

reports filed with regulatory authorities;

•

financial statements and matters, internal controls, and books and records;

•

broker’s fees payable in connection with the merger;

•

absence of certain changes or events;

•

legal and regulatory proceedings;

•

SEC reports;

•

compliance with applicable laws;

•

allowance for credit losses;

•

environmental matters;

•

absence of action or circumstance that would prevent the merger from qualifying as a “reorganization” under Section 368(a) of the Code; and

•

the accuracy of information supplied for inclusion in this proxy statement/prospectus and other similar documents.

#### Covenants and Agreements

### Conduct of Business Prior to the Completion of the Merger
Bancorp Financial has agreed that, prior to the effective time (or earlier termination of the merger agreement), subject to specified exceptions, it will, and will cause each of its subsidiaries to, (a) maintain its existence under applicable law, (b) conduct its business and operations in the ordinary and usual course of business and in a manner consistent with prior practice in all material respects, (c) use reasonable best efforts to maintain its officers and employees and preserve the rights, franchises, goodwill and relations of its customers, clients and others with whom business relationships exist, and (d) take no action that would reasonably be expected to adversely affect or delay the ability of the parties to obtain any necessary regulatory approvals to consummate the merger or to perform its obligations under the merger agreement or to consummate the merger on a timely basis.

Additionally, Bancorp Financial has undertaken further covenants. Prior to the closing date of the merger, subject to specified exceptions, Bancorp Financial may not, and Bancorp Financial may not permit any of its subsidiaries to, without the prior written consent of Old Second, undertake the following:

•

amend its articles of incorporation or bylaws or comparable governing documents of its subsidiaries;

•

incur any indebtedness for borrowed money, other than in the ordinary course of business in respect of deposit liabilities, federal funds, and borrowings from the Federal Home Loan Bank;

•

adjust, split, combine or reclassify any capital stock, or make, declare, or pay any dividend, or make any other distribution on, or directly or indirectly redeem, purchase, or otherwise acquire, any shares of its capital stock, except