Company: OSBC
Filing Date: 2025-04-23
Form Type: S-4
Source: 0001104659-25-037832
Chunk: 26

Company: OLD SECOND BANCORP INC
Filing Date: 2025-04-23
Form: S-4
Chunk 26
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 consummate the merger and the bank merger and the expiration of all statutory waiting periods, without the imposition of a condition or requirement that would reasonably be expected to (i) result, individually or in the aggregate, in a material and adverse impact on the benefits that Old Second reasonably expects to derive from the merger, or (ii) have a material and adverse effect on Old Second and its subsidiaries, taken as a whole, after giving effect to the merger and bank merger;

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the effectiveness of the registration statement on Form S-4, of which this proxy statement/prospectus is a part, and no proceedings by the SEC to suspend the effectiveness of the registration statement may be pending or threatened;

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the absence of any law, order, injunction, decree, or other legal restraint or prohibition enacted, issued, or enforced by any governmental authority that prohibits, makes illegal, or otherwise prevents the consummation of the merger, the bank merger, or any of the other transactions contemplated by the merger agreement;

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the authorization for listing on NASDAQ of the shares of Old Second common stock to be issued in the merger;

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receipt by each party of an opinion from its tax advisor or legal counsel as to certain tax matters;

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subject to materiality standards in the merger agreement, the accuracy of the representations and warranties of the other party;

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the prior performance in all material respects by the other party of the obligations, covenants, and agreements required to be performed by it at or before the closing date of the merger; and

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the absence of any change, state of facts, event, development, or effect, which, individually or in the aggregate has had or is reasonably expected to have a material adverse effect on the other party since February 24, 2025.

Old Second’s obligations to complete the merger is further subject to:

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the receipt by Bancorp Financial of all consents requested by Old Second that are necessary to renew or prevent a default or termination under certain identified contracts of Bancorp Financial in connection with the merger;

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holders of no more than 7.5% of the aggregate outstanding shares of Bancorp Financial common stock shall have properly notified Bancorp Financial of their intent to exercise dissenters’ rights under the applicable appraisal statutes;

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the execution by Darin Campbell of the Old Second employment agreement and compensation and benefits assurance agreement (collectively, the “employment agreements”) in the forms attached to the merger agreement: and

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Bancorp Financial will have terminated its stockholders agreement prior to or as of the