Company: OSBC
Filing Date: 2025-05-06
Form Type: S-4/A
Source: 0001104659-25-045103
Chunk: 430

Company: OLD SECOND BANCORP INC
Filing Date: 2025-05-06
Form: S-4/A
Chunk 430
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ing Directors Exercise Period (the “Directors Exercise Period”) in which to provide the transferring Stockholder with notice of exercise of their First Refusal Rights. Unless otherwise agreed by the Directors, the subscribing Directors shall purchase the shares in proportion to the number of shares of Stock owned by each of the subscribing Directors, if any, divided by the number of shares of Stock owned by the Directors agreeing to purchase the shares during the Director Exercise Period.

(iii) In the event the Directors decide not to exercise all of their First Refusal Rights, then the Directors shall immediately notify the Company of the amount of Stock not being purchased,

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and the Company shall then have fifteen (15) calendar days from the expiration of the Directors Exercise Period (the “Company Exercise Period”) in which to provide the transferring Stockholder with notice of exercise of its First Refusal Rights.

Upon full subscription for the shares proposed to be transferred, the transferring Stockholder shall notify the Company of the number of shares being purchased by each subscriber (collectively, the “Subscription Notice”).

Notwithstanding any provision of this Agreement to the contrary, no First Refusal Rights shall be exercisable under this Agreement unless all of the shares of Stock proposed to be transferred are subscribed for during the respective Exercise Periods. If, after the expiration of such periods, all of the shares proposed to be transferred are not subscribed for, the transferring Stockholder shall so notify the Company, and the transferring Stockholder shall then have thirty (30) calendar days (the “Transfer Period”) in which to consummate the transfer pursuant to the terms described by the Stockholder in the Transfer Notice. Upon expiration of such Transfer Period, any proposed transfer will be deemed to be a new transfer and will be subject to all of the terms of this Agreement.

(c)

#### Purchase Price Per Share
. The purchase price (“Purchase Price”) for the Stock to be paid upon the exercise of First Refusal Rights pursuant to this Paragraph 4 shall be:

(i) in the case of a proposed sale described in subparagraph 4(a)(iv) above, the per share price to be paid in the proposed sale of Stock as described in the notice provided by the Stockholder multiplied by the number of shares of Stock to be purchased by each subscriber; or

(ii) otherwise, the per share fair market value of such Stock, as determined by the Board of Directors of the Company, which amount shall in no event be less than the book value per share