Book Entries. As of the Effective Date, entries shall be made upon the books of Leslie's Delaware in accordance with the following: (a) The assets and liabilities of Leslie's California shall be recorded at the amounts at which they were carried on the books of Leslie's California immediately prior to the Effective Date, with appropriate adjustments to reflect the retirement of the 10,000 shares of Delaware Common Stock presently issued and outstanding. (b) There shall be credited to the common stock account of Leslie's Delaware the aggregate amount of the par value of all shares of Delaware Common Stock resulting from the conversion of the outstanding California Common Stock pursuant to the Merger. (c) There shall be credited to the capital surplus account of Leslie's Delaware the aggregate of the amounts shown in the common stock and capital surplus accounts of Leslie's California immediately prior to the Effective Date, less the amount credited to the common stock account of Leslie's Delaware pursuant to Paragraph (b) above. (d) There shall be credited to the retained earnings account of Leslie's Delaware an amount equal to that carried in the retained earnings account of Leslie's California immediately prior to the Effective Date.
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Sources: Merger Agreement (Green Equity Investors Ii Lp), Merger Agreement (Hancock Park Associates Ii Lp Et Al), Merger Agreement (Leslies Poolmart)
Book Entries. As of the Effective Date, entries shall be made upon ------------ the books of Leslie's DSP Delaware in accordance with the following:
(a) a. The assets and liabilities of Leslie's DSP California shall be recorded at the amounts at which they were carried on the books of Leslie's DSP California immediately prior to the Effective Date, with appropriate adjustments to reflect the retirement of the 10,000 one hundred (100) shares of DSP Delaware Common Stock presently issued and outstanding.
(b) b. There shall be credited to the common capital stock account of Leslie's DSP Delaware the aggregate amount of the par value of all shares of DSP Delaware Common Stock stock resulting from the conversion of the outstanding California Common Stock pursuant to the Merger.
(c) c. There shall be credited to the capital surplus account of Leslie's DSP Delaware the aggregate of the amounts shown in the common capital stock and capital surplus accounts of Leslie's DSP California immediately prior to the Effective Date, less the amount credited to the common stock account of Leslie's DSP Delaware pursuant to Paragraph (b) above.
(d) d. There shall be credited to the retained earnings account of Leslie's DSP Delaware an amount equal to that carried in the retained earnings earning account of Leslie's DSP California immediately prior to the Effective Date.
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