EFTA01390538.pdf

DEUTSCIE BAIR Fax 4108955135 Sep 23 2013 03:17pm POU/U36 •• • • a • • • • • . • • . •• ,. • t.: •:...• -.•: ,•. ..,, • f• ; :%.'' • :' :.• '• ••;:. • • • • . •:;•" : : • .. • • ., . • • • • ..... : • . • • . .• . • iniptikk it is intended that the)** he effenthectupoit; in accordance with, and subject to, the'Pr0visions of an Agreement and Plan of Maga lel ihe-tath annexed as Bithibii "A" trans, which hal also been approved by the Board of Director:sof FTC and its sole shatchokier (the "Merger Agrcattnit"); • WHEREAS, in caniection with • the Merger and .pursuant to the provisions of die Mager Agreement, Epstein is to sir:mender ler cancellation red thousand (10,000) shares of the Common Sind •of- '- FTC, reptaenting all of the issued and ottatanding•shnes Of FTC's CotinittiStock and all of tach:issued and outstanding shires held.by.gpsCeini,and in nontiidiadoii-Of FTC's mager.With an tinto.S.E'the owned stbsiditiry. of the Cosparatioes:and the tranafa p' c nrof FTC's assetsso:$12 by *ration of kw as a xeak.of suc1 Maga,the'CoiPoracitha atkiaciodaftenthou.nne(1,0;000) shams of • Stock, $.01 par value (the "Common Stock' to Epstein (tin-"Additional Share.); . WHEREAS, the Bond of Directors of the Corporation ha detentined that it is both advisable and in the bat interests of the Corporation and of Epstein, as the sole shareholder of the Corporation, that the Merger be consummated upon, in accordance ivith? and subjeet.,to the provisions of the Merger Agreement:and thavin connection therewith, the Coriainition issue the Additional Shams to Epstein; • • NOW TkiBil.EFORE.IiE,Iii• ". .t : • . •• • iiSOLSEe; thir,whet asiosatititiori by Fit c- ifrkisilan to F4itcia of theleepea Interest, • the Merger, upon, in:taoadance and.subjeCt to, the tent! apAconditht4s of the Merger Agreement, and•it is hereby authorised and•appfoved• • H • •• • • •• .• • . . . •. .. • RESOLVED, that it isintentied that the Mager qualify as a tax-freetiorgaThination under section 368(a)(1)(A) of the Internal Revenue Code; . ' . .. •. RESOLVED, that the form and provisions of:the Naga Agreement, be and.they ketpllax; adopteckand•eproved; . • • • 1 • • •t .• RESOLVED, in coniiection•with die idergeirelid pu¢stnat to the 0 Mager Agmeni*dieCoiporaThion•is'aue•tbe ..*.AdditionaISintej. to JE., • • .- •. • ' •. . .• • ItESOASED, that, die*Presideni of the etitpoititiO4:-.be, aocr bOcreby is, authatiitd, *tined and ,dinicted, for and on behalf of the Corporatia,th execute and deliver. the Mage!Agtettailt, and to . . execute and hk withithe Office of the Lieutenant Gov4rnot of the •Tinted Stua Vlegit Islands Articles of :. . • Merges m form and substance that has bath approval by legal counsel to the Corporation as beg'. • rettnrinnt TIAN the frtptiternant:q of the net sari mxtr.::sley os.4ppktillie cascht* elierpgarl-M—gas . accordance with the provisions of theiviezger Agreeoact4•164.• • . RESDINBD; that the oitu;ai of the Coiporation.bs-andeati of than herebris,;autborized; • wipe/Read arid..threhedi fo5.tthel on.behalf of the Cationtien;-to execute etid•ciehytei sksuchkgreceaedtsc..• . documents ant1 los:tit:news, cb pay.41 stich cosis, fees and•ritiono.s; acidbite allsncli.othei action *suds offsca deem necessary or advisable is atelato eemskaiblMF the itiergain acePLI:49, with thcpsoviiions • of the Maga 4greenzeitt; . . : . CONFIDENTIAL - PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-0095058 CONFIDENTIAL SDNY_GM_00241242 EFTA01390538