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AGREEMENT OF MERGER
AOflEEMl'-;NT OF' Mr~HGER made Mil,)' 23, Hl62
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between LINDSLl::Y L\JMJ.~f.:R CO" 0. l-lodda coq)Ol'Lt,Wr',._
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(tH~t'einafter referred to ~.. "Llndslev", on(} of the
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constituent coq}oraUons). a.nd 8 1118.jorHy of the
Dlrt"c'lOI'B thereof, pllrties 01 the ti1'8t parl, Rnd
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LINDSLEY LUMBER CO. OF FT. PIERCE, 1.1Nl~L~ ~
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Ll1MBf,;H CO" IUHD ROA. D Y AnD. LIND, SL~.' LUMBt~R
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CO.; CAHOL CITY YARD. LINDSLEY Luq::!L ,~O"~~D
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SARASOTA, 1.INDSLEY WllOLF.SALE LUMBER C&'\"O~Q "'t(to
TAMP A, LINIX-;Lf:V LUMBER CO., DREW PARK Y AHD, ~
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LINDSLEY LUMHEH CO.. MIAMI BEACH YARD,
LiNDSLEY LUMBER CO., WF;.<;T HOLLYWOOD YARD.
a.ll Florida corporations, (hereinafter T~ferred to ae
"tilt! SUbrHdiRrica", a.l so constituent ','orp.orat1ons), a.nd
u majority or the J.")lredor8 thereof, parties of the
second pun;
L1ndeley 16 1\ Florida corp'.,)rntlon having an
authori'Lcd C Brita! atock consisting of 500.000
8han~8 of ClnBB A Common Stock, . 5. por llhare
pax value, v.nd 200, 000 8h~re'" of ClasfI B Common