Nevada Code § 78.441

Authorized combinations: Consideration to be received by disinterested holders of common shares
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As
an alternative to a combination satisfying the requirements of subsection 1 or
2 of NRS 78.439 , a combination with an
interested stockholder of the resident domestic corporation engaged in more
than 2 years after the date that the person first became an interested
stockholder is permissible if the requirements of NRS 78.442 , 78.443 and 78.444 are satisfied and the aggregate
amount of the cash and the market value, as of the date of consummation, of
consideration other than cash to be received per share by all of the holders of
outstanding common shares of the resident domestic corporation not beneficially
owned by such interested stockholder immediately before that date is at least
equal to the higher of the following:
1. The highest price per share paid by the
interested stockholder, at a time when the interested stockholder was the
beneficial owner, directly or indirectly, of 5 percent or more of the
outstanding voting shares of the corporation, for any common shares of the same
class or series acquired by the interested stockholder within 2 years
immediately before the date of announcement with respect to the combination or
within 2 years immediately before, or in, the transaction in which the person
became an interested stockholder, whichever is higher, plus, in either case,
interest compounded annually from the earliest date on which the highest price
per share was paid through the date of consummation at the rate for one-year
obligations of the United States Treasury in effect on that earliest date, less
the aggregate amount of any dividends paid in cash and the market value of any
dividends paid other than in cash, per common share since that earliest date.
2. The market value per common share on
the date of announcement with respect to the combination or on the date that
the person first became an interested stockholder, whichever is higher, plus
interest compounded annually from that date through the date of consummation at
the rate for one-year obligations of the United States Treasury in effect on
that date, less the aggregate amount of any dividends paid in cash and the
market value of any dividends paid other than in cash, per common share since
that date.

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