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Cayman Islands
(State or other jurisdiction of incorporation) |
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001-37931
(Commission File Number) |
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N/A
(IRS Employer Identification No.) |
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Exhibit No.
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Description
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| | | | GTY TECHNOLOGY HOLDINGS INC. | |
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By:
/s/ Harry L. You
Name: Harry L. You
Title: President and Chief Financial Officer |
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(i)
Cash Purchase Price
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| | | $ | 100,000,000.00 | | |
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(ii)
Plus:
Aggregate Exercise Price
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| | | $ | | | |
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(iii)
Plus:
Closing Date Cash
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| | | $ | | | |
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(iv)
Less:
Closing Date Indebtedness
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| | | $ | | | |
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(v)
Subtotal:
Aggregate Distributable Amount
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| | | $ | | | |
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(vi)
Divided by:
Participating Common Stock Equivalents
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Per Share Cash Amount
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| | | $ | | | |
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| Exhibit A | | | Earnout | |
| Exhibit B | | | Form of Letter of Transmittal | |
| Exhibit C | | | Registration Rights | |
| Exhibit D | | | Form of eCivis Holders Written Consent | |
| Exhibit E | | | Form of Escrow Agreement | |
| Exhibit F | | | GTY Equity Incentive Plan | |
| Exhibit G | | | Form of Lock Up Agreement | |
| Exhibit H | | | eCivis Holders Entering Restrictive Covenant Agreements | |
| If to eCivis Holders or the Company Parties, then to eCivis Holders’ Representative: | | |
Kirk Fernandez
901 Bringham Ave. Los Angeles, CA 90049 Facsimile: (310) 694-9806 Email: kirk@fernandezholdings.com |
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| with a copy to: | | |
LKP Global Law, LLP
1901 Avenue of the Stars, Suite 480 Los Angeles, CA 90067 Attention: Young Jun Kim, Esq. Email: ykim@lkpgl.com Facsimile No.:(424) 239-1882 |
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| If to GTY, Merger Sub or the Surviving Company: | | |
Harry You
1180 North Town Center Drive, Suite 100 Las Vegas, Nevada 89144 Email: Harry@gtytechnology |
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| Copy to: | | |
Winston & Strawn LLP
200 Park Avenue New York, NY 10166-4193 Attention: Joel L. Rubinstein, Esq. Jason D. Osborn, Esq. Facsimile: (212) 294-5336 Email: JRubinstein@winston.com JOsborn@winston.com |
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Tier
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2020 Revenues
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2020 EBITDA
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Earnout Amount
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Tier 1
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| | | $ | 14,500,000 | | | | | $ | 2,900,000 | | | | | $ | 10,000,000 | | |
Tier 2
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| | | $ | 17,500,000 | | | | | $ | 3,500,000 | | | | | $ | 20,000,000 | | |
Tier 3
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| | | $ | 20,500,000 | | | | | $ | 4,100,000 | | | | | $ | 30,000,000 | | |
Tier 4
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| | | $ | 23,500,000 | | | | | $ | 4,700,000 | | | | | $ | 40,000,000 | | |
Tier 5
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| | | $ | 26,500,000 | | | | | $ | 5,300,000 | | | | | $ | 50,000,000 | | |
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4.6
No Solicitation of Transaction; No Trading
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| Exhibit A | | | Form of Letter of Transmittal | |
| Exhibit B | | | Registration Rights | |
| Exhibit C | | | Form of OC Holder Consent | |
| Exhibit D | | | Form of Escrow Agreement | |
| Exhibit E | | | GTY Equity Incentive Plan | |
| Exhibit F | | | Form of Founder Lock-Up Agreement | |
| Exhibits G | | | Employment Agreements of the Founders | |
| Exhibits H | | | Restrictive Covenant Agreements of the Founders | |
| Exhibit I | | | OC Holders Allocation Percentages | |
| Company’s Disclosure Schedule | | |||
| GTY’s Disclosure Schedule | |
| If to the Company (prior to the Closing), to: | | |
Open Counter Enterprises Inc.
25 Taylor Street San Francisco, CA 94102 Attention: Chief Executive Officer Email: joel@opencounter.com Facsimile: (800) 216-7360 Telephone: (415) 404-8733 |
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| Copy to: | | |
VLP Law Group LLP
555 Bryant Street, Suite 820 Palo Alto, CA 94301 Attention: Whit Bissell (with only email constituting notice) Email: wbissell@vlplawgroup.com Telephone: (415) 684-7440 |
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| If to OC Holders’ Representative or to the OC Holders (after the Closing), to: | | |
Shareholder Representative Services LLC
950 17 th Street, Suite 1400 Denver, CO 80202 Attention: Managing Director Email: deals@srsacquiom.com Facsimile: (303) 623-0294 Telephone: (303) 648-4085 |
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| If to GTY, Merger Sub or the Surviving Company: | | |
Harry You
1180 North Town Center Drive, Suite 100 Las Vegas, Nevada 89144 Email: Harry@gtytechnology |
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| Copy to: | | |
Winston & Strawn LLP
200 Park Avenue New York, NY 10166-4193 Attention: Joel L. Rubinstein, Esq. Jason D. Osborn, Esq.
Facsimile: (212) 294-5336
Email: JRubinstein@winston.com JOsborn@winston.com |
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| | | | OPEN COUNTER ENTERPRISES INC. | |
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By:
/s/ Joel Mahoney
Name: Joel Mahoney
Title: CEO |
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| | | | GTY TECHNOLOGY HOLDINGS INC. | |
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By:
/s/ Harry You
Name: Harry You
Title: President & CFO |
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| | | | GTY OC MERGER SUB, INC. | |
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By:
/s/ Harry You
Name: Harry You
Title: President & CFO |
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| | | | SHAREHOLDER REPRESENTATIVE SERVICES LLC, solely in its capacity as OC Holders’ Representative | |
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By:
/s/ Kimberley Angilly
Name: Kimberley Angilly
Title: Director |
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OC Holder
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Cash Allocation Percentage
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OC Shares Allocation Percentage
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Joel Y. Mahoney
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| | | | 49.82 % | | | | | | 49.86 % | | |
Peter J. Koht
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| | | | 49.82 % | | | | | | 49.86 % | | |
Mun May Tee
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| | | | 0.07 % | | | | | | 0.05 % | | |
Talin Salway
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| | | | 0.29 % | | | | | | 0.22 % | | |
| | | | SHERPA GOVERNMENT SOLUTIONS LLC | |
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By:
/s/ David Farrell
Name: David Farrell
Title: Managing Member |
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| | | | GTY TECHNOLOGY HOLDINGS INC. | |
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By:
/s/ Harry You
Name: Harry You
Title: President & CFO |
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| | | | SHERPA HOLDERS’ REPRESENTATIVE | |
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By:
/s/ David Farrell
Name: David Farrell
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| | | | (Being all of the SHERPA HOLDERS) | |
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/s/ David Farrell
David Farrell
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/s/ Bryan Reed
Bryan Reed
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/s/ Mar Taloma
Mar Taloma
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/s/ Ted Lewis
Ted Lewis
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/s/ Steven Magida
Steven Magida
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