Company: OSBC
Filing Date: 2025-05-06
Form Type: S-4/A
Source: 0001104659-25-045103
Chunk: 103

Company: OLD SECOND BANCORP INC
Filing Date: 2025-05-06
Form: S-4/A
Chunk 103
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al matters;

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absence of action or circumstance that would prevent the merger from qualifying as a “reorganization” under Section 368(a) of the Code; and

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the accuracy of information supplied for inclusion in this proxy statement/prospectus and other similar documents.

#### Covenants and Agreements

### Conduct of Business Prior to the Completion of the Merger
Bancorp Financial has agreed that, prior to the effective time (or earlier termination of the merger agreement), subject to specified exceptions, it will, and will cause each of its subsidiaries to, (a) maintain its existence under applicable law, (b) conduct its business and operations in the ordinary and usual course of business and in a manner consistent with prior practice in all material respects, (c) use reasonable best efforts to maintain its officers and employees and preserve the rights, franchises, goodwill and relations of its customers, clients and others with whom business relationships exist, and (d) take no action that would reasonably be expected to adversely affect or delay the ability of the parties to obtain any necessary regulatory approvals to consummate the merger or to perform its obligations under the merger agreement or to consummate the merger on a timely basis.

Additionally, Bancorp Financial has undertaken further covenants. Prior to the closing date of the merger, subject to specified exceptions, Bancorp Financial may not, and Bancorp Financial may not permit any of its subsidiaries to, without the prior written consent of Old Second, undertake the following:

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amend its articles of incorporation or bylaws or comparable governing documents of its subsidiaries;

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incur any indebtedness for borrowed money, other than in the ordinary course of business in respect of deposit liabilities, federal funds, and borrowings from the Federal Home Loan Bank;

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adjust, split, combine or reclassify any capital stock, or make, declare, or pay any dividend, or make any other distribution on, or directly or indirectly redeem, purchase, or otherwise acquire, any shares of its capital stock, except that Bancorp Financial may pay its stockholders its regular quarterly dividends of $0.05 per share of Bancorp Financial common stock, and other dividends specified in the merger agreement;

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grant any stock appreciation rights, options, restricted stock units, performance stock units, phantom stock units, restricted shares or other equity-based awards or interests, or grant any person any right to acquire securities of Bancorp Financial or its subsidiaries, or issue, sell, transfer, encumber or otherwise permit to become outstanding any shares of capital stock or voting