{"component": "clause", "props": {"groups": [{"size": 18, "samples": [{"hash": "iA4WuoO8Kw5", "uri": "/contracts/iA4WuoO8Kw5#treatment-of-capital-stock", "label": "Merger Agreement (NorthStar/RXR New York Metro Real Estate, Inc.)", "score": 29.635181427, "published": true}, {"hash": "gmwrqeyuWFV", "uri": "/contracts/gmwrqeyuWFV#treatment-of-capital-stock", "label": "Merger Agreement (Phillips Edison Grocery Center REIT III, Inc.)", "score": 28.672826767, "published": true}], "snippet": "(a) At the Merger Effective Time, by virtue of the Merger and without any action on the part of the holders of any securities of the Company or of Merger Sub:", "snippet_links": [{"key": "at-the-merger-effective-time", "type": "clause", "offset": [4, 32]}, {"key": "any-action", "type": "definition", "offset": [70, 80]}, {"key": "holders-of", "type": "clause", "offset": [100, 110]}, {"key": "securities-of-the-company", "type": "clause", "offset": [115, 140]}, {"key": "merger-sub", "type": "definition", "offset": [147, 157]}], "hash": "af8be81809a994f414827dc0868bffb3", "id": 1}, {"size": 10, "samples": [{"hash": "95SdYm8x9Z0", "uri": "/contracts/95SdYm8x9Z0#treatment-of-capital-stock", "label": "Merger Agreement (Battalion Oil Corp)", "score": 34.9603004456, "published": true}, {"hash": "87N9Tb8fizW", "uri": "/contracts/87N9Tb8fizW#treatment-of-capital-stock", "label": "Merger Agreement (Battalion Oil Corp)", "score": 34.9603004456, "published": true}], "snippet": "(i) Each share of Common Stock issued and outstanding immediately prior to the Effective Time (excluding Canceled Shares, Converted Shares and Dissenting Shares) and all rights in respect thereof, shall, by virtue of the Merger, be converted into the right to receive $9.80 in cash, without interest (the \u201cMerger Consideration\u201d), and such shares shall otherwise cease to be outstanding, shall automatically be canceled and retired and cease to exist, and each holder of Book-Entry Shares that immediately prior to the Effective Time represented any such shares of Common Stock shall cease to have any rights with respect thereto, except the right to receive the Merger Consideration.\n(ii) Each share of Common Stock and Preferred Stock held by the Company as treasury stock or held by Parent or Merger Sub, in each case, immediately prior to the Effective Time (the \u201cCanceled Shares\u201d), shall be canceled and retired without any conversion thereof, and no payment or distribution shall be made with respect thereto.\n(iii) Each share of Common Stock and Preferred Stock held by any direct or indirect Subsidiary of Parent (other than Merger Sub) or the Company (other than any such shares of Common Stock or Preferred Stock held on behalf of third parties) immediately prior to the Effective Time (the \u201cConverted Shares\u201d) shall be converted into such number of shares of common stock of the Surviving Corporation so as to maintain relative ownership percentages.\n(iv) Each share of Preferred Stock issued and outstanding immediately prior to the Effective Time (excluding Canceled Shares and Converted Shares) and all rights in respect of, shall, by virtue of the Merger, be converted into the right to receive the consideration contemplated by (A) in the case of Series A Preferred Stock, Section 8(b) of the Series A Certificate of Designation, (B) in the case of Series A-1 Preferred Stock, Section 8(b) of the Series A-1 Certificate of Designation; 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and\n(c) each share of Seller Common Stock issued and outstanding immediately prior to the Effective Time (other than Dissenting Shares) shall, by virtue of the Corporate Merger and without any action of any kind by any person or entity, be converted into the right to receive the Merger Consideration; provided, however, that each share of Seller Common Stock which is owned beneficially or of record by Seller (including treasury shares) or Buyer or any of their respective Subsidiaries (other than shares held in a fiduciary capacity for the benefit of third parties or as a result of debts previously contracted) shall be canceled and retired without consideration or conversion.", "snippet_links": [{"key": "provisions-of-this-agreement", "type": "clause", "offset": [15, 43]}, {"key": "at-the-effective-time", "type": "clause", "offset": [45, 66]}, {"key": "the-corporate-merger", "type": "clause", "offset": [95, 115]}, {"key": "any-action", "type": "definition", "offset": [128, 138]}, {"key": "outstanding-share", "type": "definition", "offset": [180, 197]}, {"key": "stock-shall", "type": "definition", "offset": [219, 230]}, {"key": "a-share", "type": "definition", "offset": [258, 265]}, {"key": "surviving-corporation-common-stock", "type": "definition", "offset": [269, 303]}, {"key": "of-buyer", "type": "clause", "offset": [320, 328]}, {"key": "issued-and-outstanding", "type": "clause", "offset": [454, 476]}, {"key": "prior-to-the-effective-time", "type": "clause", "offset": [489, 516]}, {"key": "dissenting-shares", "type": "clause", "offset": [529, 546]}, {"key": "person-or-entity", "type": "definition", "offset": [631, 647]}, {"key": "right-to-receive", "type": "clause", "offset": [671, 687]}, {"key": "the-merger-consideration", "type": "clause", "offset": [688, 712]}, {"key": "of-record", "type": "definition", "offset": [803, 812]}, {"key": "by-seller", "type": "clause", "offset": [813, 822]}, {"key": "treasury-shares", "type": "definition", "offset": [834, 849]}, {"key": "fiduciary-capacity", "type": "definition", "offset": [929, 947]}, {"key": "for-the-benefit-of", "type": "definition", "offset": [948, 966]}, {"key": "third-parties", "type": "clause", "offset": [967, 980]}, {"key": "without-consideration", "type": "definition", "offset": [1058, 1079]}], "hash": "77b5087d72da2b4d49dc813120875f79", "id": 3}, {"size": 7, "samples": [{"hash": "bWAUTHCBhaO", "uri": "/contracts/bWAUTHCBhaO#treatment-of-capital-stock", "label": "Agreement and Plan of Reorganization (Miami Computer Supply Corp)", "score": 18.0, "published": true}, {"hash": "6YOj7ELAT6", "uri": "/contracts/6YOj7ELAT6#treatment-of-capital-stock", "label": "Reorganization Agreement (Miami Computer Supply Corp)", "score": 18.0, "published": true}], "snippet": "Subject to the provisions of this Agreement, at the Effective Time, automatically by virtue of the Merger and without any action on the part of any Stockholder:\n(a) each share of the common stock, no par value per share, of MFAC (the \"MFAC Common Stock\") issued and outstanding immediately prior to the Effective Time shall be unchanged and shall remain issued and outstanding and owned beneficially and of record by MCSC; and\n(b) subject to Sections 2.5, 2.6 and 2.7 hereof, all of the issued and outstanding shares of the common stock, $1.00 par value per share of TBS (the \"TBS Common Stock\") issued and outstanding immediately prior to the Effective Time shall be exchanged for cash or a promissory note (the \"Cash Portion\") in the amount of six hundred ninety-one thousand dollars ($691,000.00) and 210,000 shares (the \"New MCSC Shares\") of common stock, no par value per share, of MCSC (the \"MCSC Common Stock\" or the \"Stock Portion\") (the Cash Portion set forth AGREEMENT AND PLAN OF REORGANIZATION PAGE 7 above and the Stock Portion being collectively referred to herein as the \"Purchase Price\").\n(i) The Stockholders shall be entitled to receive additional consideration (the \"Deferred Purchase Price\") based on the pre-tax income (as determined by MCSC's independent auditors pursuant to generally accepted accounting principles (\"GAAP\")) earned by MFAC during the thirty-three (33) full calendar months immediately subsequent to the Closing Date (if the Closing Date is within any month, the first month (the first day of which shall be deemed the \"Deferred Purchase Price Commencement Date\") to be used to determine the Deferred Purchase Price shall be the next full month immediately following the month in which the Closing Date occurs), as follows: If MFAC's pre-tax The Stockholders income is: will receive: -------------- ---------------- Greater than $2,000,000 $500,000 But less than $2,500,000 Greater than $2,500,000 $1,350,000 But less than $2,800,000 Greater than $2,800,000 $1,770,000 But less than $3,300,000 Greater than $3,300,000 $2,000,000 But less than $4,000,000 Greater than $4,000,000 $2,500,000\n(ii) For purposes of determining the Deferred Purchase Price, the pre-tax income of MFAC will be measured on the day which is the 990th day subsequent to the Deferred Purchase Price Commencement Date. The Deferred Purchase Price shall be paid by MCSC 55% in unregistered shares of MCSC Common Stock and 45% in cash. The number of shares of MCSC Common Stock to be paid by MCSC as the stock portion of the Deferred Purchase Price shall equal the quotient of the Deferred Purchase Price (as calculated in Section 2.3(c)(i), above), multiplied by .55 and then divided by the average per share closing price of the MCSC Common Stock as quoted by the Nasdaq National Market for the period of twenty (20) trading days immediately prior to the 990th day subsequent to the Deferred Purchase Price Commencement Date. If earned as set forth above, and confirmed by MCSC's independent auditors to MCSC in writing, MCSC shall pay to the Stockholders such Deferred Purchase Price by share issuance and by check on or before the 1,050th day subsequent to the Deferred Purchase Price Commencement Date. MCSC shall have the right to alter the structure of the proposed transaction for tax and other AGREEMENT AND PLAN OF REORGANIZATION PAGE 8 business reasons provided that no such change shall change the form or amount of the Purchase Price without the prior written consent of the Stockholders.\n(d) The New MCSC Shares to be received by the Stockholders of TBS will be subject to restrictions on transferability and resale for a period of 270 days after the Closing Date.", "snippet_links": [{"key": "provisions-of-this-agreement", "type": "clause", "offset": [15, 43]}, {"key": "at-the-effective-time", "type": "clause", "offset": [45, 66]}, {"key": "the-merger", "type": "clause", "offset": [95, 105]}, {"key": "any-action", "type": "definition", "offset": [118, 128]}, {"key": "the-common-stock", "type": "clause", "offset": [179, 195]}, {"key": "par-value-per-share", "type": "clause", "offset": [200, 219]}, {"key": "prior-to-the-effective-time", "type": "clause", "offset": [290, 317]}, {"key": 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