Common use of Mechanics of the Distribution Clause in Contracts

Mechanics of the Distribution. (a) LGL will direct the Distribution Agent to, as promptly as practicable following the Distribution Time, distribute to each Record Holder a number of shares of Mtron Common Stock equal to the number of shares of LGL Common Stock held by such Record Holder on the Record Date. All of the shares of Mtron Common Stock so issued will be fully paid and non-assessable. The Distribution will be effective as of the Distribution Time.

Mechanics of the Distribution. (a) LGL will direct the Distribution Agent to, as promptly as practicable following the Distribution Time, distribute to each Record Holder a number of shares one-half of a share of Mtron Common Stock equal to the number of shares for each share of LGL Common Stock held by such Record Holder on the Record Date. All of the shares of Mtron Common Stock so issued will be fully paid and non-assessable. The Distribution will be effective as of the Distribution Time.