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; !l.AN OF REURCA~17?..lTl~~ .~~I? ACItCIi.l11::~'T QF ?fi;ttCEti
7~liS PI.A\ OR ItF.ORCA~lY.~1T10~1 ArD ACRL'r:~1F\T OF ~IF.T:CF:I: (tke "~rrra-
a~wt"~ is au~de q;is 1'_tA daY of Jam~:•rc, l!~7:t. b}• tnd 1Kt.+-cco U1tiC T~GOI:I'dr.11'~U.
a DlstriN ot ~rotumbia eor{~or~t~on ("UISC"), ~r?d UISC.1\('Uitl'UliATl:it (~F A~IECICA.
a De:aMra» cors~oratioa C'DISC ~1m:•~:c:~") ~~•hir!? is a a•I?~~Il~••w:nod su1;..idiary o! DISC
. ~seth torpori?tions bein= somctimcs ~af:rr~~d to hrrrin as tlec "Co»siitucnt Cory~arsiions"~.
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' . ~1HF.REAS. the Roards ot Direclors of~ach ot the ContlitiieM Cor~arations d~ it
ad~risab,e for thc ~rclfare an~! adranta~:•~ uf ti:c,r ~~?archo:d.rs tl~.~t DISC tncr;~P u~ith :.ud into _
' DISC Ameti:a upa~ the terma and co~~litions oi this ~1rn~mcnt. and. punuznt to the a~~li-
= ~ pWe provisions ot tt~ 4vrs ot tAe State oi Del:.r.~are and U:e District ot Columwa:
ZiON. TUEREFORE. tAe parties hereby a~rce as icllows:
~ . AItTICT.I: i -
` lsaace.R
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j ' 1.1 On the Elfteti~-e Date (as dctmed in AT.TICI.E ~ uf tl~is A~rccm~ntl, DISC s!:::p
bt nxrsed into DISC Americ~, a I);~a~~•are cor~wraLiou, znd tl~, i:~t.er :-1:::!! c~n:n~ue i:s
; ~1 ~orporate existe•t~:e and be the e~r~x,r:i!ion surci~•~pg thc mcr;;er (hcrraftcr iK:ii: sosr.ctim~-~
I ~ ealfed 1he "Sur~i~in~ C'orporation"). The scpars!e e~is:cnce and or;?~iii::~1i~~~i oi D1SC sh~il
~ eea~e upon tAe EQccti~e Date, and t`:ereupon. I~1SC :mJ I)!~C :~mcrica sh:~ll l+e a~in^.:c
~poratioa. .
13 OA the ERetti~e D•.te. the 3urri~in~ (br~~oration su~~l -ucceca to, ~~•ithout otl~cr
~ trsader, and shall ~~~es~ an~! en;u~ ~il tho rirc:a.', :i~•ik~rs, i~ni~~umt~c~. ~~~•r.er. snd lr.+r.-
~ , ~ el~ses both oi a publit and a, ri~•ate ~::?ture, an~l I,c •ul~yect to al! ihe reslrtclini~:, ~l~,lil3Z:::cs
, and dulies ot ead~ o[ thc Cc,nstitur~it Cnr~+orution:, and atl tl~e rirl~is. pri~•il.•; ~nsnicn:~ ic~.
~orrers and lranchises oi eacl~ s4ti~ cor~:o~rt~on and all aro~Kit~•, real. ~x~r..nn:?1 a~K1 r.~i~c.i
~nd all debis du~• to cithc~ ot~ Whalc~•cr accoun', tur ::ock suL.:rri; ~iions as ~~.~l1 :.c fcr ::1 0:!:•~r
thin=s in aetion or hetun~in~ to each of the eor;-o~:.iio~~s. ~I~:?1; bc ~•c.:tr~.f in tkr Sur~-~ci::•~ .
! Ci0ly0I1~IG11:.1111~ all pro~.~r2.-. 1'1~'t~i:, ~+ri~ile~'z, :l2I:::::!lit:C=. ~':\Cp1S 1l1~1 t2ai:Cj::.Ci. ,^.A~
aad cvery othcr ~ut~m~t ~Ila~) hC tilt'tP.If:Cf :~.C f'I'9:'Cl':~' O( (tla` CUI'\'!\1:1~' r~~l'~:•T1Zl.`Il, :1^~ ~:~1'-
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the titk to an~• rcal r:!atc restcd h~ r,ecd or ot~:.•rai=c m cithrr of tlic Co::=:~:;.~:u l'a~ti~:.~-
tjons s1~a11 not r~.c~t ur l~ in.an~ ~ra~- impaircd b~ rcawn u[ tho `.Icri'cr: ~•~~•::~e.-d. ~vir~r~,~.
i thst ~N rirhb ot crci itors, and all tie. • ui~on ~h}• ,~r~l~crty of citi:cr of thc ~'p~:i:~e; ( or-
i prations shaU I,e pic.ten•^_d cn~mpa~red (1im~teJ in li.n tv tl~e pro~ crt.• at;c;;.~ltl~• e*ch liers "
' ~n tbe EfEectirc Da~cl. ~nd all :ie~ts, liaLilitica and dutic. o[ r::ch of the Coail~t~t Cot-
~ yoratiom shall lhc.ucfonh ~ttach to ti:e Survi~~in^; ('~~t;-~or:~tion rnd may bc c~ioncd ~.ui~St
~ k to Uu same extent as it sueh debts, liabil~tics and duties had bcen incurn~d or ce~IR~acted
~ ; b~? the Sa~~•ivin` Corpcration. ,
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l.i Ii ~t snr time ~fter the FRec:ire Date th~ Survivinfi Corporation ~hall eonsidc~ or
: b~ adrtsed lhat ariy turtl~er ~ssi~nu~cnls or assur.~enccc in la~~• ot Any oi~~cr l!~in~s s$ nccc3- ~
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ssry or dcsiial,le t~ ~•cst, perfect or c~ufirm, ut r~~c~r~1 or athc~~vi~e, in tlic Snr~ ~nn f
o~ ~~ora•
tlou the titlc b anr pro~Mrt~ or ~ i~ht of UISC ncquircd ar to ix~ nr.quitcd l~~• rcas~m ot or aa
~ 1t tesult ot lhe aicr;:cr. tl~e o~itcrs ~n~~ Ai~ti`clor~ nf hlcC in o~lic~• ii~un~~t::icl~• ~~~~r~ to t~:c
edetti~•e tink ot thc ale~~cr si~all in the n:une an+1 on l;ch:?I( uf 1?I~C c~ccoto .u~d dc1i~-c~ .~li
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