Company: OSBC
Filing Date: 2025-04-23
Form Type: S-4
Source: 0001104659-25-037832
Chunk: 101

Company: OLD SECOND BANCORP INC
Filing Date: 2025-04-23
Form: S-4
Chunk 101
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 for the merger consideration, any cash in lieu of fractional shares of Old Second common stock, and any dividends or distributions such holder is entitled to receive under the merger agreement.

#### Withholding
Old Second, the surviving corporation or the exchange agent, as applicable, will be entitled to deduct and withhold from the cash portion of the merger consideration, cash in lieu of fractional shares of Old Second common stock, cash dividends, distributions payable or any other cash amounts otherwise payable pursuant to the merger agreement to any person such amounts or property (or portions thereof) as it is required to deduct and withhold under the Code or any provision of applicable tax law. To the extent that any amounts are so deducted or withheld, these amounts will be treated for all purposes of the merger agreement as having been paid to the person in respect of which such deduction and withholding was made.

#### Dividends and Distributions
If and when Old Second declares a dividend or other distribution on Old Second common stock, with a record date after the effective time, the declaration will include dividends or other distributions on all whole shares of Old Second common stock issuable pursuant to the merger agreement, but such dividends or other distributions will not be paid to the holder thereof until such holder has surrendered its certificate or book-entry shares in accordance with the merger agreement. Subject to applicable laws, following surrender of any such certificate or book-entry shares, the record holder of the whole shares of Old Second common stock issued in exchange therefor, will be paid, without interest, (1) all dividends and other distributions payable in respect of any such whole shares of Old Second common stock with a record date after the effective time and a payment date on or prior to the date of such surrender and not previously paid and (2) at the appropriate payment date, the amount of dividends or other distributions with a record date after the effective time but prior to such surrender and with a payment date subsequent to such surrender payable with respect to such shares of Old Second common stock.

#### Representations and Warranties
The merger agreement contains customary representations and warranties of each of Old Second and Bancorp Financial relating to their respective businesses. The representations and warranties of each of Old Second and Bancorp Financial have been made solely for the benefit of the other party, and these representations and warranties should not be relied on by any other person. In addition, these representations and warranties:

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have been qualified by information set forth in confidential disclosure schedules in connection with signing the merger agreement, which information modifies, qualifies, and creates exceptions to the representations and warranties