Document:

Exhibit 10.2

 

THE SECURITIES WHICH ARE THE SUBJECT
OF THIS STOCK OPTION AGREEMENT HAVE BEEN ACQUIRED FOR INVESTMENT AND NOT WITH A VIEW TO, OR IN CONNECTION WITH, THE SALE OR DISTRIBUTION
THEREOF. NO SUCH SALE OR DISPOSITION MAY BE EFFECTED WITHOUT AN EFFECTIVE REGISTRATION STATEMENT RELATED THERETO OR AN OPINION
OF COUNSEL SATISFACTORY TO THE COMPANY THAT SUCH REGISTRATION IS NOT REQUIRED UNDER THE SECURITIES ACT OF 1933.

 

STOCK OPTION AGREEMENT

UNDER THE 

URBAN-GRO, INC. 2019 EQUITY INCENTIVE
PLAN

 

This Stock Option Agreement
(“Option Agreement”) is made and entered into by and between urban-gro, Inc. (“urban-gro”
or the “Company”) and Larry Dodson (the “Optionee”), as of [●], 2020
(the “Grant Date”). The Options granted to the Optionee pursuant to this Option Agreement shall be granted
under the urban-gro, Inc. 2019 Equity Incentive Plan, as amended from time to time (the “Plan”), and
shall be subject to the terms and conditions of the Plan.

 

WHEREAS, the
Company has entered into that certain Separation Agreement with the Optionee as of March 20, 2020, which sets forth the terms of
the Optionee’s separation from service with the Company (the “Separation Agreement”);

 

WHEREAS, part
of the consideration to be provided to the Optionee under the Separation Agreement is the right and option to purchase 330,000
shares of the Company’s Common Stock, subject to the Optionee executing (and not timely revoking) the Separation Agreement
and complying with the terms of the Separation Agreement;

 

WHEREAS, the
Optionee has executed (and not timely revoked) the Separation Agreement;

 

WHEREAS, the
Company desires to grant the right and option to purchase 330,000 shares of the Company’s Common Stock to the Optionee, subject
to the terms and conditions of this Option Agreement and the Plan; and

 

WHEREAS, the
Optionee desires to receive such right and be the holder of such options, subject to the terms and conditions of this Option Agreement
and the Plan.

 

NOW, THEREFORE,
in consideration of the premises, mutual covenants and agreements contained herein, and such other good and valuable consideration,
the receipt and sufficiency of which is hereby acknowledged, the parties hereto, intending to be legally bound, hereby agree as
follows:

 

1.    
Grant of Stock Options; Option Terms. Subject to the terms and conditions of this Option Agreement and the Plan,
the Company hereby grants to the Optionee as of the Grant Date, subject to the terms hereof and the Plan, the right and option
to purchase all or a portion of 330,000 shares of Common Stock of the Company (the “Shares”), on or before
the Expiration Date (as defined below) (the “Options”). No exercise as to a portion of the Shares shall
preclude a later exercise or exercises as to additional portions. The Options are Nonqualified Stock Options (not intended to be
within the meaning of Section 422 of the Code). The Options granted hereunder shall expire at 12:01 a.m. mountain time on the day
immediately following the date on which the Exercise Period (as defined below) expires.

 

2.    
Terms and Conditions of the Option. The Options shall be subject to the following terms and conditions:

 

2.1       Exercise
Price. The price to be paid for each Shares with respect to which an Option is exercised, shall be $1.00 (the “Exercise
Price”).

 

2.2.       Vesting
and Exercisability. The Options granted to the Optionee pursuant to this Option Agreement shall become vested and fully exercisable
on the Grant Date. The Options shall remain exercisable for the period commencing on the Grant Date and expiring on the five (5)
year anniversary of the Grant Date (the “Exercise Period”).

 

 

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2.3       Method
of Exercise. This Option may be exercised by the Optionee in whole or in part from time to time, subject to the conditions
contained in the Plan and in this Option Agreement by delivery, in person, by facsimile or electronic commission (if confirmed)
or through the mail, to the Company at its principal executive office in Colorado (Attention: Chief Financial Officer), of a written
notice of exercise. Such notice must be in a form satisfactory to the Committee, must identity this Option, must specify the number
of Shares in respect of which the Option is being exercised (the “Exercised Shares”), must be signed
by the person or persons so exercising the Option, and must include such other representations and agreements as may be required
by the Company. If this Option is being exercised, as provided by the Plan and/or this Option Agreement, by any person or persons
other than the Optionee, the notice must be accompanied by appropriate proof of right of such person or persons to exercise this
Option. Payment of the full aggregate Exercise Price as to all Exercised Shares must accompany the exercise notice. This Option
shall be deemed exercised upon receipt by the Company of such fully executed exercise notice accompanied by such aggregate Exercise
Price and any other documentation required by the Company. The Optionee or person exercising the Option is responsible for filing
any reports of remittance or other foreign exchange filings required in order to pay the Exercise Price. The Option shall not be
exercisable with respect to fractions of a Share.

 

2.4       Stock
Adjustments. In the event of any stock split, reverse stock split, stock dividend, reorganization, reclassification, combination,
recapitalization or other like change with respect to the Company shares, the shares and number of shares of any class or series
affected thereby, and all calculations provided for that are based upon numbers of shares of any class or series (or prices therefor)
affected thereby, shall be equitably adjusted as determined by the Committee to the extent necessary to provide Optionee the same
economic effect as contemplated by this Option Agreement prior to such stock split, reverse stock split, stock dividend, reorganization,
reclassification, combination, recapitalization or other like change.

 

2.5           
Limitation on Exercise. The grant of this Option and the issuance of Shares upon exercise of this Option are subject
to compliance with all applicable laws. This Option may not be exercised if the issuance of Shares upon exercise would constitute
a violation of any applicable laws. In addition, this Option may not be exercised unless (i) a registration statement under the
Securities Act of 1933, as amended (the “Securities Act”) is in effect at the time of exercise of this
Option with respect to the Shares; or (ii) in the opinion of legal counsel to the Company, the Shares issuable upon exercise of
this Option may be issued in accordance with the terms of an applicable exemption from the registration requirements of the Securities
Act. The Optionee is cautioned that unless the foregoing conditions are satisfied, the Optionee may not be able to exercise
the Option when desired even though the Option is vested. As a further condition to the exercise of this Option, the Company
may require the Optionee to satisfy any qualifications that may be necessary or appropriate, to evidence compliance with any applicable
law or regulation and to make any representation or warranty with respect thereto as may be requested by the Company. Any Shares
that are issued will be “restricted securities” as that term is defined in Rule 144 under the Securities Act, and will
bear an appropriate restrictive legend, unless they are registered under the Securities Act. The Company is under no obligation
to register the Shares issuable upon exercise of this Option.

 

2.6       Method
of Payment. The total Exercise Price of the Shares to be purchased upon exercise of this Option must be paid entirely in cash
or cash equivalent (including check, bank draft or money order); provided, however, that the Committee, in its sole
discretion, may allow such payments to be made, in whole or in part, by:

 

(A)   subject
to any conditions or limitations established by the Company, other Shares that have a Fair Market Value on the date of surrender
or attestation equal to the aggregate Exercise Price;

 

(B)   consideration
received by the Company under a broker-assisted sale and remittance program acceptable to the Company (Officers and Directors shall
not be permitted to use this procedure if this procedure would violate Section 402 of the Sarbanes-Oxley Act of 2002, as amended);

 

(C)   subject
to any conditions or limitations established by the Company, retention by the Company of so many of the Shares that would otherwise
have been delivered upon exercise of the Option as have a Fair Market Value on the exercise date equal to the aggregate exercise
price of all Shares as to which the Option is being exercised, provided that the Option is surrendered and cancelled as to such
Shares; or

 

(D)   any
combination of the foregoing methods of payment.

 

 

 

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2.7    Non-Transferability
of Option. This Option may not be transferred in any manner other than by will or by the laws of descent and distribution,
and may be exercised during the lifetime of the Optionee only by the Optionee. The terms of this Option Agreement shall be binding
upon the executors, Company’s, heirs, successors, and assigns of the Optionee. This Option may not be assigned, pledged,
or hypothecated by the Optionee whether by operation of law or otherwise, and is not subject to execution, attachment, or similar
process. Notwithstanding the foregoing, if this Option is designated as a Nonqualified Stock Option, the Company may, in its sole
discretion, allow the Optionee to transfer this Option as a gift to one or more family members. For purposes of this Option Agreement,
“family member” means a child, stepchild, grandchild, parent, stepparent, grandparent, spouse, former spouse, sibling,
niece, nephew, mother-in-law, father-in-law, son-in-law, daughter-in-law, brother-in-law, or sister-in-law (including adoptive
relationships), any individual sharing the Optionee's household (other than a tenant or employee), a trust in which one or more
of these individuals have more than 50% of the beneficial interest, a foundation in which the Optionee or one or more of these
persons control the management of assets, and any entity in which the Optionee or one or more of these persons own more than 50%
of the voting interest.

 

2.8    Tax
Obligations. The Optionee shall make appropriate arrangements with the Company for the satisfaction of all applicable Federal,
state, local, and foreign income taxes, employment tax, and any other taxes that are due as a result of the Option exercise. The
Committee, in its sole discretion, may permit the Optionee to satisfy such obligations by any of the following means or a combination
of such means: (i) tendering cash or cash equivalent (including check, bank draft or money order) or (ii) authorizing the Company
to withhold Shares that otherwise would be issued to the Optionee pursuant to the exercise of this Option. The Company may refuse
to honor the exercise and refuse to deliver Shares if such withholding amounts are not delivered at the time of exercise.

 

3.       Restrictions
on Resale. The Optionee shall not sell any Shares at a time when applicable law, Company policies or an agreement between the
Company and its underwriters prohibit a sale.

 

4.    
 Lock-Up Agreement. In connection with any underwritten public offering of Shares made by the Company pursuant to
a registration statement filed under the Securities Act, the Optionee shall not offer, sell, contract to sell, pledge, hypothecate,
grant any option to purchase or make any short sale of, or otherwise dispose of any Shares (including but not limited to Shares
subject to this Option) or any rights to acquire Shares of the Company for such period beginning on the date of filing of such
registration statement with the Securities and Exchange Commission and ending at the time as may be established by the underwriters
for such public offering; provided, however, that such period shall end not later than 180 days from the effective date of such
registration statement. The foregoing limitation shall not apply to shares registered for sale in such public offering.

 

5.    
Independent Legal and Tax Advice. The Optionee acknowledges that (a) the Company is not providing any legal or tax
advice to the Optionee and (b) the Company has advised the Optionee to obtain independent legal and tax advice regarding this Option
Agreement and any payment hereunder.

 

6.    
No Rights in Shares. The Optionee shall have no rights as a stockholder in respect of any Shares, unless and until
the Optionee becomes the record holder of such Shares on the Company’s records.

 

7.    
Miscellaneous.

 

7.1    Entire
Agreement; Governing Law; Venue. The Plan and this Option Agreement constitutes the entire agreement of the parties with respect
to the subject matter hereof and supersede in their entirety all prior undertakings and agreements of the Company and Optionee
with respect to the subject matter hereof, including, but not limited to, the Separation Agreement. This Option Agreement shall
interpreted under the Colorado Corporation Law excluding (to the greatest extent permissible by law) any rule of law that would
cause the application of the laws of any jurisdiction other than the Colorado Corporation Law. Any legal proceeding related to
the Plan and this Option Agreement will be brought in an appropriate Colorado court, and the parties to this Option Agreement consent
to the exclusive jurisdiction of such court for this purpose.

 

7.2   Amendment
and Waiver. Other than as provided in the Plan, this Option Agreement may be amended, waived, modified or canceled only by
a written instrument executed by the parties to this Option Agreement or, in the case of a waiver, by the party waiving compliance.
The Optionee acknowledges that a waiver by the Company of breach of any provision of this Option Agreement shall not operate or
be construed as a waiver of any other provision of this Option Agreement, or of any subsequent breach by the Optionee or any other
participant in the Plan.

 

 

 

    	 	3	 

     

    

 

7.3       No
Guarantee of Continued Service. This Option Agreement is not an employment or service agreement, and no provision of this Option
Agreement shall be construed or interpreted to create any employment or service relationship between the Optionee and the Company
for any time period.

 

7.4        No
Fractional Shares. All provisions of this Option Agreement concern whole Shares. If the application of any provision hereunder
would yield a fractional Share, such fractional Share shall settled in cash.

 

7.5       Plan.
The terms and provisions of the Plan are incorporated herein by reference, and the Optionee hereby acknowledges receiving a copy
of the Plan. In the event of a conflict or inconsistency between the terms and provision of the Plan and the provisions of this
Option Agreement, the terms of this Option Agreement shall govern and control. All capitalized terms not defined herein shall have
the meaning ascribed to them as set forth in the Plan.

 

7.6       No
Guarantee of Tax or Other Consequences. The Company makes no commitment or guarantee that any tax treatment will apply or be
available to the Optionee or any other person. The Optionee has been advised, and provided with ample opportunity, to obtain independent
legal and tax advice regarding this Option Agreement.

 

7.7        Representation
and Warranties of the Optionee. By the Optionee’s signature and the signature of the Company’s representative below,
the Optionee and the Company agree that this Option is granted under this Option Agreement and governed by the terms and conditions
of this Option Agreement and the Plan. The Optionee has reviewed this Option Agreement and the Plan in their entirety, has had
an opportunity to obtain the advice of counsel before executing this Option Agreement and fully understands all provisions of this
Option Agreement and the Plan. The Optionee hereby agrees to accept as binding, conclusive, and final all decisions or interpretations
of the Company upon any questions relating to this Option Agreement and/or the Plan.

 

7.8       Electronic
Delivery. The Optionee agrees that the Company may deliver all documents relating to the Plan or this Option (including prospectuses
required by the Securities and Exchange Commission), and all other documents that the Company is required to deliver to its security
holders or the Optionee (including annual reports, proxy statements and financial statements), either by e-mail or by e-mail notice
of a Web site location where those documents have been posted. The Optionee may at any time (i) revoke this consent to e-mail
delivery of those documents; (ii) update the e-mail address for delivery of those documents; (iii) obtain at no charge
a paper copy of those documents, in each case by writing the Company. The Optionee may request an electronic copy of any
of those documents by requesting a copy in writing from the Company. The Optionee understands that an e-mail account and appropriate
hardware and software, including a computer or compatible cell phone and an Internet connection, will be required to access documents
delivered by e-mail.

 

7.9       Notices.
Any notice necessary under this Option Agreement shall be addressed to the Company at its principal executive office in Colorado
(Attention: Chief Financial Officer) and to the Optionee at the address appearing in the personnel records of the Company for such
Optionee or to either party at such other address as either party hereto may hereafter designate in writing to the other. Either
party may designate another address in writing (or by such other method approved by the Company) from time to time.

 

7.8Severability.Every
provision of this Option Agreement is intended to be severable and any illegal or invalid term shall not affect the validity or
legality of the remaining terms.

 

7.9       Headings
and Sections. The headings and sections contained herein are provided for convenience only and are not to serve as a basis
for interpretation of construction, and shall not constitute a part of this Option Agreement.

 

7.10       Counterparts.
This Option Agreement may be executed in counterparts, each of which shall be deemed an original but all of which together will
constitute one and the same instrument. Counterpart signature pages to this Option Agreement transmitted by facsimile transmission,
by electronic mail in portable document format (.pdf), or by any other electronic means intended to preserve the original graphic
and pictorial appearance of a document, will have the same effect as physical delivery of the paper document bearing an original
signature.

 

[Signature page follows]

 

 

 

    	 	4	 

     

    

 

 

 

	 	
        urban-gro, Inc.

         

         

	 	By:___________________________________
	 	Name:
	 	
        Title:

         

	 	 
	 	
        OPTIONEE

         

	 	By:___________________________________
	 	Name: Larry Dodson
	 	
        Residence Address:______________________

         

        ______________________________________

         

        ______________________________________

 

 

 

 

 

 

Signature Page to Stock Option Agreement

    	 	5Exhibit 4.5

		

			Exhibit 4.5

		

		
			Description of the Registrant’s Securities
		

		
			Registered Pursuant to Section 12 of the
		

		
			Securities Exchange Act of 1934, as Amended
		

		
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			Our Common Stock, $0.10 par value per share, is the only class of securities of Best Buy Co., Inc., a Minnesota corporation (the “Company”), registered pursuant to Section 12 of the Securities Exchange Act of 1934, as amended. The common stock is listed on the New York Stock Exchange under the symbol “BBY.”
		

		
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			The following description of the Company’s common stock is a summary and does not purport to be complete. It is subject to, and qualified in its entirety by, reference to the Company’s Amended and Restated Articles of Incorporation (the “Articles”) and Amended and Restated By-Laws (the “Bylaws”), each of which are incorporated by reference as exhibits to the Annual Report on Form 10-K of which this Exhibit 4.5 is a part, and the Minnesota Business Corporation Act (the “MBCA”). We encourage you to read the Articles, the Bylaws and the applicable provisions of the MBCA for additional information.
		

		
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			Authorized Shares of Capital Stock
		

		
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			We are authorized to issue 1,000,000,000 shares of common stock, par value $0.10 per share. The outstanding shares of common stock are fully paid and nonassessable. 
		

		
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			The transfer agent and registrar for our common stock is Broadridge Corporate Issuer Solutions, Inc. 
		

		
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			We are also authorized to issue up to 400,000 shares of preferred stock, par value $1.00 per share. Our Articles provide that shares of preferred stock may be issued from time to time, in one or more series, with such designations, relative rights, preferences, limitations, dividend rights, redemption prices, liquidation prices, conversion rights, sinking or purchase fund rights or other privileges as our board of directors may establish. There are no issued and outstanding shares of preferred stock. 
		

		
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			Voting Rights
		

		
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			Each share of common stock is entitled to one vote on all matters submitted to a vote of shareholders, including the election of directors. Cumulative voting of shares in the election of directors is prohibited. Subject to the rights, if any, of any holders of preferred stock, (i) except with respect to the election of directors, the shareholders shall take action at a meeting of shareholders by the affirmative vote of a majority of the voting power of the shares present and entitled to vote, except where a larger proportion is required by law, and (ii) each director shall be elected at a meeting of shareholders by the vote of a majority of the votes cast with respect to the director.
		

		
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			Dividend Rights
		

		
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			The holders of common stock may receive cash dividends if declared by the Board of Directors out of funds legally available for that purpose, subject to the rights of any holders of preferred shares and any other restrictions that may be applicable to the Company.
		

		
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			Rights upon Liquidation
		

		
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			Each share of common stock is entitled to participate pro rata in distributions upon liquidation, subject to the rights of holders of preferred shares. 
		

		
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			Other Rights and Preferences
		

		
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			Holders of common stock have no preemptive or similar equity preservation rights. There are no redemption or sinking fund provisions applicable to the common stock. The rights, powers, preferences and privileges of holders of our common stock will be subject to those of the holders of any shares of our preferred stock that we may authorize and issue in the future. For example, issuance of preferred stock could result in a class of securities outstanding that will have preferences with respect to dividends and in liquidation over the common stock and could (upon conversion or otherwise) enjoy all of the rights appurtenant to common stock. 
		

		
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			Anti-Takeover Effects of Our Articles and Bylaws and Certain Provisions of Minnesota Law
		

		
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			The following provisions of the Articles, Bylaws and the MBCA may be deemed to have an anti-takeover effect.
		

		
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		Election of Directors. The Articles provide for a “supermajority” vote requiring 662⁄3% of our then-outstanding shares entitled to vote to amend the section of the Bylaws relating to the size of the board of directors and director terms; provided that the Company’s Board of Directors may increase the size of the board in accordance with applicable law.
		

		
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			Requirements for Advance Notification of Director Nominations and Shareholder Proposals
		

		
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			The Bylaws establish advance notice procedures with respect to shareholder proposals and the nomination of candidates for election as directors and the proposal of any business not intended to be included in the corporation’s proxy statement, other than nominations made by or at the direction of the board of directors or a committee of the board of directors. In order for any matter to be “properly brought” before a meeting, a shareholder must comply with advance notice requirements and provide us with certain information. Generally, to be timely, a shareholder’s notice must be received at our principal executive offices not less than 120 days nor more than 150 days prior to the anniversary of the immediately preceding annual meeting of shareholders. The Bylaws also specify requirements as to the form and content of a shareholder’s notice.
		

		
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			In addition to the director nomination provisions described above, the Bylaws contain a “proxy access” provision that provides that any shareholder or group of up to twenty shareholders, who qualify as an eligible shareholder under the proxy access provisions of our Bylaws, and who may nominate and include in our proxy materials director candidates constituting up to 20% of our board of directors or two directors, whichever is greater. In order for a shareholder or group of shareholders to be eligible under the proxy access provisions of our Bylaws to nominate a director, such shareholder or group of shareholders must, among other criteria, be eligible to vote at the Company’s annual meeting and have owned or together with other group shareholders owed 3% or more of the voting power of our issued and outstanding common stock continuously for at least three years. In order to use the proxy access provisions of our Bylaws, shareholders and their nominees must satisfy all the eligibility and notice requirements specified in our Bylaws. A shareholder proposing to nominate a person for election to our board of directors through the proxy access provision must provide us with a notice requesting the inclusion of the director nominee in our proxy materials and other required information not less than 120 days nor more than 150 days prior to the first anniversary of the date on which our definitive proxy statement was released to shareholders in connection with the prior year’s annual meeting. The complete proxy access provision for director nominations are set forth in the Bylaws.
		

		
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			Additional Authorized Shares of Capital Stock. The additional shares of authorized common stock and preferred shares available for issuance under the Articles could be issued at such times, under such circumstances and with such terms and conditions as to impede a change in control.
		

		
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			Special Meetings of Shareholders;  Shareholder Action by Unanimous Written Consent. Section 302A.433 of the MBCA and the Bylaws provide that special meetings of the Company’s shareholders may be called by the Company’s chief executive officer, chief financial officer, two or more directors, the chairman of the board of directors, or shareholders holding 10% or more of the voting shares of the Company, except that a special meeting called by shareholders for the purpose of considering any action to directly or indirectly facilitate or effect a business combination, including any action to change or otherwise affect the composition of the Company’s Board of Directors for that purpose, must be called by 25% or more of the voting shares of the Company. Section 302A.441 of the MBCA and the Bylaws also provide that action may be taken by shareholders without a meeting only by unanimous written consent.
		

		
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			Control Share Provision. Section 302A.671 of the MBCA applies, with certain exceptions, to any acquisition of the Company’s voting stock (from a person other than the Company and other than in connection with certain mergers and exchanges to which the Company is a party) resulting in the acquiring person owning 20% or more of the Company’s voting stock then outstanding. Section 302A.671 requires approval of any such acquisitions by both (i) the affirmative vote of the holders of a majority of the shares entitled to vote, including shares held by the acquiring person, and (ii) the affirmative vote of the holders of a majority of the shares entitled to vote, excluding all interested shares. In general, shares acquired in the absence of such approval are denied voting rights and are redeemable at their then fair market value by the Company within 30 days after the acquiring person has failed to give a timely information statement to the Company or the date the shareholders voted not to grant voting rights to the acquiring person’s shares.
		

		
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			Business Combination Provision. Section 302A.673 of the MBCA and the Articles generally prohibit the Company or any of its subsidiaries from entering into any merger, share exchange, sale of material assets or similar transaction with a beneficial owner of 10% or more of the voting power of the Company’s shares entitled to vote within four years following the date the person became a 10% shareholder, unless either the transaction or the person’s acquisition of shares is approved prior to the person becoming a 10% shareholder by a committee of disinterested members of the Board of Directors. In addition, our Articles provide for a "supermajority" vote to amend the business combination 
		

		 

 

		provision of our Articles, requiring (i) 662⁄3% of the then-outstanding shares entitled to vote and (ii) 662⁄3% of the then-outstanding shares entitled to vote that is beneficially owned by shareholders other than the subject 10% shareholder, except if such amendment was approved by a majority of the entire board of directors.
		

		
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			Takeover Offer; Fair Price. Under Section 302A.675 of the MBCA, an offeror may not acquire shares of a publicly held corporation within two years following the last purchase of shares pursuant to a takeover offer with respect to that class, including acquisitions made by purchase, exchange, merger, consolidation, partial or complete liquidation, redemption, reverse stock split, recapitalization, reorganization, or any other similar transaction, unless (i) the acquisition is approved by a committee of the board’s disinterested directors before the purchase of any shares by the offeror pursuant to the earlier takeover offer, or (ii) shareholders are afforded, at the time of the proposed acquisition, a reasonable opportunity to dispose of the shares to the offeror upon substantially equivalent terms as those provided in the earlier takeover offer.
		

		
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			Anti-Greenmail Provisions. Under Section 302A.553 of the MBCA and the Articles, we are prohibited from buying shares at an above-market price from a shareholder of 5% or more of the Company’s outstanding shares entitled to vote who has held the shares for less than two years unless (i) the purchase is approved by holders of a majority of the outstanding shares entitled to vote or (ii) all other holders of shares of the same class or series are given the opportunity to sell the same percentage of their shares on substantially as favorable terms. In addition, our Articles provide for a "supermajority" vote to amend the anti-greenmail provisions of our Articles, requiring 662⁄3% of the Company’s outstanding shares entitled to vote, except if such amendment was approved by a majority of the directors who are unaffiliated with the subject 5% shareholder.

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