CONVERSION OF SHARES
Not more than five (5) business days after the Election Deadline, the Exchange Agent shall calculate the allocation among holders of shares of Regal Bancorp Common Stock of rights to receive Stock Consideration and/or Cash Consideration in the Merger as follows:
(A) If the Stock Election Number equals the Stock Conversion Number, then all Cash Election Shares and all Non-Election Shares shall be converted into the right to receive the Cash Consideration, and each holder of Stock Election Shares will be entitled to receive the Stock Consideration.
(B) If the Stock Election Number exceeds the Stock Conversion Number, then all Cash Election Shares and all Non-Election Shares shall be converted into the right to receive the Cash Consideration, and, subject to Section 3.2.6 hereof, each holder of Stock Election Shares will be entitled to receive the Stock Consideration only with respect to that number of Stock Election Shares held by such holder (rounded to the nearest whole share) equal to the product obtained by multiplying (x) the number of Stock Election Shares held by such holder by (y) a fraction, the numerator of which is the Stock Conversion Number and the denominator of which is the Stock Election Number, with the remaining number of such holder’s Stock Election Shares being converted into the right to receive the Cash Consideration.
(C) If the Stock Election Number is less than the Stock Conversion Number (the amount by which the Stock Conversion Number exceeds the Stock Election Number being referred to herein as the “Shortfall Number”), then all Stock Election Shares shall be converted into the right to receive the Stock Consideration and the Non-Election Shares and Cash Election Shares shall be treated in the following manner:
(1) if the Shortfall Number is less than or equal to the number of Non-Election Shares, then all Cash Election Shares shall be converted into the right to receive the Cash Consideration and, subject to Section 3.2.6 hereof, each holder of Non-Election Shares shall receive the Stock Consideration in respect of that number of Non-Election Shares held by such holder (rounded to the nearest whole share) equal to the product obtained by multiplying (x) the number of Non-Election Shares held by such holder by (y) a fraction, the numerator of which is the Shortfall Number and the denominator of which is the total number of Non-Election Shares, with the remaining number of such holder’s Non-Election Shares being converted into the right to receive the Cash Consideration; or
(2) if the Shortfall Number exceeds the number of Non-Election Shares, then, subject to Section 3.2.6 hereof, all Non-Election Shares shall be converted into the right to receive the Stock Consideration, and each holder of Cash Election Shares shall receive the Stock Consideration in respect of that number of Cash Election Shares held by such holder (rounded to the nearest whole share) equal to the product obtained by multiplying (x) the number of Cash Election Shares held by such holder by (y) a fraction, the numerator of which is the amount by which (1) the Shortfall Number exceeds (2) the total number of Non-Election Shares and the denominator of which is the total number of Cash Election Shares, with the remaining number of such holder’s Cash Election Shares being converted into the right to receive the Cash Consideration.
【参考訳】選択期限から 5 営業日以内に、交換代理人はリーガル・バンコープ普通株式の保有者の間で、本合併にお ける株式対価および/または現金対価を受け取る権利の配分を以下のように計算する：
(A) 株式選択番号が株式転換番号と等しい場合、すべての現金選択株式と非選択株式は現金対価を受 領する権利に転換され、各株式選択株式の保有者は株式対価を受領する権利を有する。
(B) 株式選択数が株式転換数を超える場合、すべての現金選択株式およびすべての非選択株式は、現金対価を受領する権利に転換されるものとし、本項第 3.2. (C) 本新株予約権の行使に際して出資される財産の価額が本新株予約権の行使に際して出資 される財産の価額を下回るときは、本新株予約権の行使に際して出資される財産の価額は、 本新株予約権の行使に際して出資される財産の価額を下回る価額とし、本新株予約権の行使に際して出資 される財産の価額は、本新株予約権の行使に際して出資される財産の価額を下回る価額とする。
(C) 本新株予約権付株式数が本新株予約権付株式数を下回る場合（以下、本新株予約権 付株式数が本新株予約権付株式数を上回る金額を「不足数」という：
(1) 不足数が非当選株式数以下の場合、すべての現金選択株式は現金対価を受領する権利に転換され、本項第 3.2. 6 の定めに従い、各非当選株式保有者は、(x)当該保有者の保有する非当選株式数に、(y)分 子を不足数、分母を非当選株式総数とする端数を乗じて得た積に等しい数の非当選株式（1 株未満の端数を四捨五入した数）に係る本 株式対価を受領するものとし、当該保有者の非当選株式の残りの数を現金対価を受領する権利に変 換するものとする。
(2) 不足数が非当選株式数を上回る場合、本項第 3.2.6 項に従い、すべての非当選株 式が現金対価を受領する権利に転換される。 (2) 不足数が本第3.2.6 項に従い、すべての非当選株式が株式対価を受領する権利に転換され、各当選現金 株式の保有者は、(x)当該保有者の保有する非当選現金株式数に(y)端数を乗じて得た数に相当する当該保有者の 保有する非当選現金株式数に係る株式対価を受領する、 その分子は (1) 不足数が (2) 非当選株式総数を上回る金額であり、分母は現金選択株式総数です。
