Company: OSBC
Filing Date: 2025-04-23
Form Type: S-4
Source: 0001104659-25-037832
Chunk: 431

Company: OLD SECOND BANCORP INC
Filing Date: 2025-04-23
Form: S-4
Chunk 431
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) is transferred or exchanged pursuant to any reorganization, merger, consolidation or sale, or pursuant to the purchase of any Stock by the Company.

(b) “Code” means the Internal Revenue Code of 1986, as heretofore or hereafter amended, and includes corresponding provisions of previous or subsequent federal tax laws.

(c) “Founding Directors” means Fred B. Barbara, Norman J. Beles, Darin Campbell, J. Robert Collins, William Pacella, Joseph R. Rizza and George N. Spaniak, provided that such person is a director of the Company at the time the First Refusal Rights are to be exercised, or that such person previously served as a director of the Company for at least four (4) consecutive years beginning on the Effective Date.

(d) “Directors” means those persons serving as directors of the Company, except the Founding Directors.

(e) “Offering” means the offering of a minimum of 1,307,692 Shares and a maximum of 1,692,307 Shares of Stock being made by the Company pursuant to its Offering Circular dated December 29, 2006.

2.

#### Effective Date
. This Agreement shall become effective as of the date of closing of the Offering and shall terminate twenty five (25) years from the date of closing of the Offering.

3.

#### Restrictions During Life
. No Stockholder shall (i) transfer all or any part of the Stock owned at any time by such Stockholder by gift or otherwise, or (ii) pledge or otherwise assign for security all or any part of such Stock, unless and until said Stockholder shall first have obtained the written consent of the Company, which consent shall not be unreasonably withheld; provided, however, that in no event shall the Company be obligated to consent to or otherwise recognize any transfer or issue a stock certificate in the name of any transferee until: (A) the transferee has agreed in writing to be bound as a “Stockholder” under

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this Agreement and to hold the Stock transferred subject to all of the terms and conditions of this Agreement; and (B) the Company has determined that such transfer otherwise meets all applicable requirements of this Agreement (including expiration of the First Refusal Rights provided for in Paragraph 4 below).

4.

#### Rights of First Refusal Upon Proposed Transfer
.

(a)

#### First Refusal Rights
. In the event:

(i) a