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<br />200805551
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<br />11 67 ~I,;;
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<br />P.t.AN OF MERGER
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<br />OF
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<br />~AVEY COMPANY
<br />'I~
<br />COl.iAG~, . .INC.
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<br />Plan ,at Ker98rof PBAV!,Y COMPANY ,,1ncorpo1'atedutlder the laws
<br />of ,the . 'tat.. , of,....iNie.ot., hereinafter '~ef.rre4 to.. .PIAVI~. .
<br />'and . a'.' t.he :~""r9,in9'" corporation and COBAGItA,'INC., incOrpc)~.~ed
<br />qnde~,the.l"" of the State of Delaware,; h'er*j;nafter referred to,
<br />a8 "CONAGM:~".n.d .~~ the '"surviving'''. corporation. '. ,
<br />
<br />. ,1.. ... Btt.citive Time of th. "roar. . ~t the "efhoU"e tii.of " .
<br />-th...ltt~r, the ,..per.t. ex.18t8noe of. the..1"I1J.lg corporation . ' ,,/
<br />.hall. a_Ue and 'BAVEY shall'.b8.marqe4. into CQtW;RA. The .ff.cU.........
<br />time. of :thJ.am.J1J~ ahall N 2.0P:.~.m~, Hay 25,19815.
<br />
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<br />. 3.... eY-Lawf. The By...z.awa 9tCONAGItA at.the lil!ffective time ~f' .'-
<br />the .8l'9I:1" atia.I ' b~ the BY-Law's of :the surviv;l;J)9 corporation until'
<br />the liIame .hall be altered o~.amenW 1n' accord.nce with the provisions
<br />thereof. . . .... . ", , . .
<br />
<br />. 4~ Dire,ct.ora and Officers. ''!'he-cUr.otorl of COIIAGRA'.tthe
<br />e~~..otiv..t..1.JIe ,of ~helher9.r .h,aU be.th, 4ir,~tor.. of the.lurviviJ19 .
<br />corporation. \inti 1 t;"'eir succ....ors-.,re duly .1.~9ted Nld q\I.~1fi.d.
<br />'SUb~.~ to. t.M authori tyoft~. .Board of' D1r.,,*o1'. ... providl!4 by
<br />-l.w amt.,by.the JY~~w. of the ,&\JrV';ivJ.n9co~:Uon, the"'.ot.f.loer..
<br />(If COJll~:.at the",fectic"e time. oft.he 1I\et'g-.:jhall b. ,tbe'officers
<br />af .:the li\lwlv1ng ::coZ'PoraUon~nt.il.uoh;' t.iJDe .,'their '~Qe.',~~. are
<br />dU1:Y';,slut.e4. end .qualified. ......, '., . . ,.
<br />. ',' '. ..':" .'., '".,' : - ~ ,:' ~'" , .' ,"' .. ','.,: "'.'::> :::: ~::'.'
<br />
<br />"5'. .... conver$i;J of'Shue.. '10th.' ..,.:tm. :.'~e mod. ofcarqring .
<br />into eftlict..tbe m . ,er,pl'ovi48c1'by the PIiii and;'t.iHtmanner,.,.cS Re.it
<br />of,oonvert.i.il9:..,'~e:' .has::e.'o.t, the ~ergj.ng,'.,cC)rw*.fion 1nt9.. abar..of
<br />COHAGRA .ia ...folloWer .
<br />(at' CoH:f""~gi1:~$took~' ,None Ofth.;Muee of capital
<br />.ltoc,O( , . . 188ue4 at the '.f'f~~"e t1me ',pf the
<br />.me . r....r ...'..h. lill. be. CO..' ..~v.tt..d :a.. . f._. j'.E..........' Of. the ..... :%'g.l', "./'
<br />1;luttllof. .\lob.ha::.." .inclucting' .J.a held',in..: .r
<br />the treaIJury, j,-f'.any,8hall' remain ~ ..' ~.~ ebar,.' of. , .
<br />o-.ptt..t.stock of t.he .urvi~iJ'lgOo~ Uon. ".
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<br />(b.) 'nmY C'l)i~al.StOQk.,!^t;the eft.ct*,,,. time of th,.., '.
<br />'... .~,..c. 0'1. thtt. ilil..l.l~d.and .Qut.t~1~9 .hu'... ()f:"
<br />PBAVB)r;{.~.ll . ,urrender..a .nd.a~o,+~.d and n~" ',' "
<br />ot the .ahare. of.c.pit~l .tock of tb,.mez91n; cor.porat10n
<br />iesue4 at, the effective time ottheme1'g.r shall be
<br />CQDv.r~edas eresulfo! .t.M 1Il.~rg..r).ntQ C~AGRA. .
<br />caph.l-.~ock'", all of '\lch.t:ook'b .currenUY..held
<br />~1:;..CQNAGaa :
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<br />". '.- I :"'.' ',. .", .
<br />'6.. .Ilf.gt.:~f .!tr,er. .At the aU_aU,va.. #ime of the. merget.,'
<br />COtfAqtcA.<.ml' .~coit. :to; without Qtber tr:anifez',all of th....r.lqhu,
<br />priv;1.189'.i, :'i.mmqn2.,t;~.8. :a:n4:ftanchjt.. pf. the 'inerging cor~J.:.t,lon.'.t " ,
<br />~og.t:b.t'. with: Ul '~I'GpertY', r..ai.-,pereona:r ana' .lIIiXie4, anct-.n i:1...~ts
<br />Clue " on.. "hetevilar . ad,cOunt, and d 1 and every other' interest ,ot. or
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