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<br />" <br /> <br />200901519 <br /> <br />PLAN OF MERGER <br /> <br />This PLAN OF MERGER, dated as of December/;() , 2008 (this "Plan"), is adopted by <br />Arctic Nebraska Inc., a Nebraska corporation (the "Parent"), in order to effect a merger with <br />KAMA, Inc., a Nebraska corporation and a direct, wholly owned subsidiary of the Parent (the <br />"Subsidiary"). <br /> <br />RECITALS: <br /> <br />A. Both the Parent and the Subsidiary are corporations organized and existing under <br />the laws of the State of Nebraska. <br /> <br />B. The purpose of this Plan and the transactions contemplated hereby is to effect a <br />merger of the Subsidiary with and into the Parent. <br /> <br />C. The board of directors of the Parent, in accordance with Section 21-20,131 of the <br />Nebraska Business Corporation Act (the "NBCA"), has adopted and approved this Plan and the <br />transactions contemplated hereby, after determining that it would be advisable and in the best <br />interests of the Parent and the Subsidiary and their respective shareholders for the Subsidiary to <br />merge with and into the Parent, in accordance with the terms and conditions set forth in this Plan. <br /> <br />D. In accordance with Section 21-20,131 of the NBCA, approval by the respective <br />shareholders of the Parent and the Subsidiary is not required. <br /> <br />NOW, THEREFORE, in consideration of the mutual agreements herein set forth, the <br />parties hereto agree as follows: <br /> <br />ARTICLE I <br />THE MERGER <br /> <br />1.1 Merger. At the Effective Time (as defined below), and subject to and upon the <br />terms and conditions ofthis Plan and the NBCA, (a) the Subsidiary will be merged with and into <br />the Parent (the "Merger"), (b) the separate legal existence of the Subsidiary will cease, and (c) <br />the Parent will continue as the surviving corporation of the Merger. <br /> <br />1.2 Effective Time. As promptly as practicable on or after the date hereof: the parties <br />will cause the Merger to be consummated by filing articles of merger with the Secretary of State <br />of the State of Nebraska as required by the NBCA (the "Merger Certificate"). The Merger will <br />be effective at 11 :58 p.m. Lincoln, Nebraska time on December 31, 2008 (the "Effective <br />Time"). <br /> <br />ARTICLE II <br />EFFECTS OF THE MERGER <br /> <br />2.1 Effects of Merger. At the Effective Time, the effect of the Merger will be as <br />provided in this Plan, the Merger Certificate and the applicable provisions of the NBCA. <br />Without limiting the generality of the foregoing, at the Effective Time the title to all real estate <br /> <br />DLI-6224802v3 <br />