Preamble
This AGREEMENT AND PLAN OF MERGER (this “Agreement”), is dated as of July 25, 2022, by and among Somerset Savings Bank, SLA, a New Jersey-chartered mutual savings association (“Somerset Bank”), SR Bancorp, Inc., a Maryland corporation that will become the holding company for Somerset Bank upon completion of the transactions contemplated by this Agreement (“SR Bancorp”), Regal Bancorp, Inc., a New Jersey corporation (“Regal Bancorp”), and its wholly owned subsidiary, Regal Bank, a New Jersey state bank (Somerset Bank and SR Bancorp, on the one hand, and Regal Bancorp and Regal Bank, on the other hand, are hereinafter referred to individually as a “Party” and collectively as the “Parties”).
WHEREAS, the Board of Directors of each of the Parties has approved this Agreement and determined that this Agreement and the business combination and related transactions contemplated hereby are in the best interests of the respective Parties; and
WHEREAS, in connection with the transactions described in this Agreement, Somerset Bank will convert from the mutual form of organization to the capital stock form of organization, and in connection with such Conversion, SR Bancorp will conduct a subscription offering of its common stock, and if necessary, a community and/or syndicated community offering; and
WHEREAS, as a condition to the willingness of Somerset Bank and SR Bancorp to enter into this Agreement, each of the directors and executive officers of Regal Bancorp have entered into a Voting Agreement, substantially in the form of Exhibit A hereto, dated as of the date hereof, with Somerset Bank (the “Voting Agreements”), pursuant to which each such director and executive officer has agreed, among other things, to vote all shares of common stock of Regal Bancorp owned by such person or entity in favor of the approval of this Agreement and the transactions contemplated hereby, upon the terms and subject to the conditions set forth in the Voting Agreements; and
WHEREAS, the Parties desire to make certain representations, warranties and agreements in connection with the business transactions described in this Agreement and to prescribe certain conditions thereto.
NOW, THEREFORE, in consideration of the mutual covenants, representations, warranties and agreements herein contained, and of other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the Parties hereto agree as follows:
【参考訳】本合意書および合併計画（以下「本合意書」）は、ニュージャージー州認可の相互貯蓄組合である Somerset Savings Bank, SLA（以下「サマセット・バンク」）、本合意書により企図される取引の完了時にサマセット・バンクの持株会社となるメリーランド州法人 SR Bancorp, Inc、 以下、Somerset Bank と SR Bancorp、Regal Bancorp と Regal Bank を個別に「当事者」、総称して「当事者」という。
各当事者の取締役会は本契約を承認し、本契約および本契約により企図される企業結合および関連取引が各 当事者の最善の利益になると決定しました。
本契約に記載された取引に関連して、サマセット・バンクは相互会社組織形態から資本株式組織形態に転換し、かかる転換に関連して、SR バンコープは普通株式の募集を行い、必要に応じてコミュニティ・オファリングおよび/またはシンジケート・コミュニティ・オファリングを実施する。
サマセット・バンクと SR バンコープが本契約を締結する条件として、Regal Bancorp の取締役および執行役員はそれぞれ、サマセット・バンクとの間で実質的に別紙 A の書式による議決権行使契約（以下「議決権行使契約」という、） これに従い、各取締役および執行役員は、特に、かかる個人または法人が所有する Regal Bancorp の普通株式すべてに対し、議決権行使契約に規定された条件に従い、本契約および本契約で意図される取引の承認に賛成する議決権を行使することに同意しています； そして
両当事者は、本契約に記載された商取引に関連して、一定の表明、保証、および合意を行い、一定の条件を定めることを希望する。
よって、本契約に含まれる相互の誓約、表明、保証、および合意、ならびにその他の善良かつ貴重な対価を考慮し、その受領と十分性をここに認め、両当事者は以下のとおり合意する
