Company: OSBC
Filing Date: 2025-05-06
Form Type: S-4/A
Source: 0001104659-25-045103
Chunk: 104

Company: OLD SECOND BANCORP INC
Filing Date: 2025-05-06
Form: S-4/A
Chunk 104
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 securities or equity interests or securities convertible (whether currently convertible or convertible only after the passage of time or the occurrence of certain events) or exchangeable into, or exercisable for, any shares of Bancorp Financial capital stock or other equity or voting securities, or any options, warrants, or other rights of any kind to acquire any shares of capital stock of Bancorp Financial or its subsidiaries;

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sell, lease, transfer, mortgage, encumber or otherwise dispose of any of its properties or assets or any business, other than in an amount less than $150,000 or in the ordinary course of business or as contemplated by the merger agreement;

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cancel, release or assign any indebtedness to any individual, corporation or other entity (other than a wholly owned subsidiary) or any claims held by any such person, in each case, other than in the ordinary course of business or as contemplated by the merger agreement;

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acquire or announce an intention to acquire or enter into any agreements providing for any acquisitions of, direct or indirect control over any other business or entity or otherwise make an investment in any other business, entity or assets outside the ordinary course of business, with certain exceptions;

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commence or settle any material legal proceedings, other than in the ordinary course of business, or settlements which (i) solely involve monetary remedies in an amount not to exceed $100,000 individually or $150,000 in the aggregate, (ii) reasonably would not be expected to prohibit or restrict Bancorp Financial or its subsidiaries from operating its respective businesses in the ordinary course and (iii) does not involve any admission of wrongdoing by Bancorp Financial or its subsidiaries;

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enter into, renew, amend or terminate any material contract, with certain exceptions;

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except as contemplated by the merger agreement or as may be required by a Bancorp Financial benefit plan, (a) grant any bonus or increase in compensation or benefits to the employees, officers, directors or service providers of any Bancorp Financial entity (except for increases in compensation or benefits in accordance with past practice for employees that are not directors or executive officers that do not exceed 5% individually or 3% in the aggregate, or as otherwise disclosed on Bancorp Financial’s confidential disclosure memorandum), (b) commit or agree to pay any severance or termination pay (other than severance or termination pay in the ordinary course of business consistent with past practice), or any stay or other bonus to any Bancorp Financial director, officer, employee