EFTA Document EFTA01390496

WHEREAS, it is :intended that the bletier be Orli:Ousted upoii;•iii aapordinei With; mid subict tic. c . thjerovisteps of an Agreed:Slot and Plan of Huger th diediont annexedy.e.gsywisit 7.40.1g.tetp, which kts.....• also biefroisisinked by the Board iiibireetorr of FTC and sole shittistidegfbe4fenyerAgreernale); ' ORSA.% in ccinneasti with the' Merles.. antl -puistsani ea' i the 4Miiiieits of the Mager .: • Agreement; Epstein is to suaenda for captained ten thermal. (10,066) shares of the Common Stock of FTC, representing aU of Slanted and tottn.44dteg sbaret of. FTC's. CininiOn Stock and a of such aware' ' . and outstanding abates held. by Epstein, and M corsidetatien of FTC's merger with and into SF, the wholly owned subsidiary of the Corporation, and the tensile:ye:if all of fterVs witiots•tolF.Ity olietlitiots of lai as f .7. result of such Menges; the Corporal/on IS to issue an idditienal ten thousand (10,000)tharea of its Common ' Stock, SIlt par tlut (the "Conner) Steckl to Epic* (the 'Additional Shamal; ' :: ••:: : . . .' WHEREAS, the Board.of Directori;Of the CorpoiatiOn hit. ditteitnirtedirtar iiistbodasdirdable and in the bestlittesests of .theCorporation and of Epstein; as the sole she/Adder of die Corporation, that the Merger be consummated upon, in accordance with,-and .subject. to the ptcrrisions of the Merger Agreement, anctliat in connection therewith, the Corporatiesissiii theAdditiond Shwa tO Epatein; - . NOW THEREFORE BE IT: i REM. D,•that, after consummation by FTC of its tstuarsettO Epstein o -.. capen: otestst,. the. Merger, 0 0A iiii accordance .With, and subject to, the terms and conditions ot Oa. "Maga 4,tenten be , and it is herehymitikcired and approved. - -I. ' ' RESOLVED, that it is intended that danbilligertalify is a tax-free reoeiriizi tiOtyFiditi ..Seeta i68(1)(091) of the Interns: Revenue Code; . ..... ' ....% kiS014VED, that the torus and P.F sidlas.lir#3ekkills ent,'be tiztiti!ge, ste adopted judipplotik !. . :r .RESOLVES, in ebbikeeihni,Witb Siidetitenindintrsowirtb the movialoni.Oldialetget . . • ' ..-, Agreement, thidosintationlisie:#0 Additional Shares PIE: RESOLVED; that, .the President ofthe Cotpoatiod hc, and he hereby is, authorized, estipmeged • ...a ditatetecl;:fOrad, oq bah:War:gilt cuiyoiation.:stiiiti4i;erandldiuti the . fotettriAgreeriseaCaotf tO. I .... . execute aiielleiltith:the OftmeO(che Lieutenant C;etinar.Of the:United StiteiyirgisiIsisisdi &tido of Merger inform and substance that IiPb44 aPPrire+1 11PLCOtinnt 1•;..01!3•c:.OrP9i3OPS:ki being • -. ,. . conViant withthe recluiremetiti of die ea. sad 000aq:or aplitoildati in mettle effecniiithlerglackd aceordanee with the provisions plilfe.b1911P*Agtecitssm 04 • :•• • RESOLVED, that the officers of the' do tana nick of die4 litiiby 4. '4udl°Lized, • empowered emit directed, for and 41X*. Ofidit oirtii..4ceaSte.anceditsicit illsuch agteemenu, krt..t docnmenii.end iiistionnects; to painll such cosikfeas:tddi,iilianais, and take all sheb Odle/ action as such . officer diainaiiiihealiut or idiiiabli in order-ttisonsilintilet#tbe Mergerin accordance *eh the provisions coftheMSyllec AiittOseig• e. Ak t I t.. • • • •I CONFIDENTIAL - PURSUANT TO FED. R. CRIM. P. 6(e) CONFIDENTIAL DB-SDNY-0095010 SONY GM_00241194 PROT0