Maryland Agreement and Plan of Merger by Gel co Corp. and Grossman Corp. The Maryland Agreement and Plan of Merger refers to a legal document that outlines the terms and conditions for the merger between Gel co Corp. and Grossman Corp. in the state of Maryland. This agreement is binding and establishes the framework for the merger process. The Maryland Agreement and Plan of Merger typically includes several key provisions and information, ensuring transparency and protecting the rights and interests of both companies involved. It may consist of the following sections: 1. Introduction: This section provides an overview of the companies involved, stating their legal names, principal places of business, and the date of the agreement. 2. Recitals: The recitals describe the background and purpose of the merger, explaining the motivations and benefits for both Gel co Corp. and Grossman Corp. to enter into this transaction. 3. Definitions: This section defines various terms used throughout the agreement, ensuring clear and unambiguous understanding between the parties involved. 4. Merger Structure: This part outlines the detailed structure of the merger, including the terms of the exchange ratio, conversion of shares, and treatment of outstanding stock options, if applicable. 5. Representations and Warranties: Both Gel co Corp. and Grossman Corp. provide representations and warranties to ensure the accuracy of the information provided and to address any potential liabilities. 6. Covenants: The agreement includes provisions that specify the actions and obligations of each party before and after the merger, such as obtaining necessary regulatory approvals, maintaining business operations, and notifying employees and customers. 7. Conditions to Closing: This section outlines the conditions that must be fulfilled before the merger can proceed, such as shareholder approval, regulatory clearances, and absence of material adverse changes. 8. Termination: The agreement includes provisions for the termination of the merger in case any party fails to fulfill its obligations or if specific conditions are not met within a specified timeframe. 9. Miscellaneous: This section covers various clauses, including governing law, dispute resolution mechanisms, and confidentiality obligations. Some variations of the Maryland Agreement and Plan of Merger may include specific provisions tailored to the unique circumstances of Gel co Corp. and Grossman Corp. or any additional agreements reached during negotiations, such as earn-out provisions, non-compete clauses, or indemnification clauses. It's important to note that this description is a general overview and the actual content of the Maryland Agreement and Plan of Merger may vary based on the specific circumstances and details negotiated by Gel co Corp. and Grossman Corp.