----

**EXHIBIT      10.38**

**AGREEMENT      AND PLAN OF MERGER **

**BY      AND AMONG **

**GENENTECH,      INC. **

**GREEN      ACQUISITION CORPORATION **

**and      **

**TANOX,      INC. **

**Dated      as of November 9, 2006 **

----

**TABLE        OF CONTENTS **

|                                                                                                      | **Page**                                                                                                                |
|-----------------------------------------------------------------------------------------------------------|-------------------------------------------------------------------------------------------------------------------------|
| ARTICLE                    I THE MERGER                                                                   | 1                                                                                                                       |
|                                                                                                      |
|     1.1                                                                               | The                    Merger                                                                                           | 1 |
|     1.2                                                                               | Effective                    Time; Closing                                                                              | 1 |
|     1.3                                                                               | Effect                    of the Merger                                                                                 | 2 |
|     1.4                                                                               | Certificate                    of Incorporation and Bylaws of Surviving Corporation                                     | 2 |
|     1.5                                                                               | Directors                    and Officers of Surviving Corporation                                                      | 2 |
|     1.6                                                                               | Effect                    on Capital Stock                                                                              | 2 |
|     1.7                                                                               | Dissenting                    Shares                                                                                    | 3 |
|     1.8                                                                               | Surrender                    of Certificates                                                                            | 4 |
|     1.9                                                                               | No                    Further Ownership Rights in Company Common Stock                                                  | 5 |
|     1.10                                                                              | Lost,                    Stolen or Destroyed Certificates                                                               | 5 |
|     1.11                                                                              | Adjustments                                                                                                             | 5 |
|     1.12                                                                              | Taking                    of Necessary Action; Further Action                                                           | 5 |
|                                                                                                      |
| ARTICLE                    II REPRESENTATIONS AND WARRANTIES OF COMPANY                                   | 5                                                                                                                       |
|                                                                                                      |
|     2.1                                                                               | Organization                    and Qualification; Subsidiaries                                                         | 6 |
|     2.2                                                                               | Certificate                    of Incorporation and Bylaws; Minutes                                                     | 6 |
|     2.3                                                                               | Capitalization                                                                                                          | 7 |
|     2.4                                                                               | Authority                    Relative to this Agreement                                                                 | 8 |
|     2.5                                                                               | No                    Conflict; Required Filings and Consents                                                           | 8 |
|     2.6                                                                               | Compliance                    with Health Care Laws                                                                     | 9 |
|     2.7                                                                               | Permits                                                                                                                 | 10 |
|     2.8                                                                               | FDA;                    Global Regulation Compliance; Company Products and Company Research                    Programs | 10 |
|     2.9                                                                               | SEC                    Filings; Financial Statements                                                                    | 12 |
|     2.10                                                                              | No                    Undisclosed Liabilities                                                                           | 15 |
|     2.11                                                                              | Absence                    of Certain Changes or Events                                                                 | 15 |
|     2.12                                                                              | Absence                    of Litigation                                                                                | 16 |
|     2.13                                                                              | Employee                    Benefit Plans                                                                               | 16 |
|     2.14                                                                              | Proxy                    Statement                                                                                      | 21 |
|     2.15                                                                              | Title                    to Property                                                                                    | 21 |
|     2.16                                                                              | Taxes                                                                                                                   | 23 |
|     2.17                                                                              | Environmental                    Matters                                                                                | 25 |
|     2.18                                                                              | Brokers;                    Third Party Expenses                                                                        | 26 |
|     2.19                                                                              | Intellectual                    Property                                                                                | 26 |
|     2.20                                                                              | Contracts                                                                                                               | 32 |
|     2.21                                                                              | Product                    Liability Claims                                                                             | 34 |
|     2.22                                                                              | Insurance                                                                                                               | 34 |
|     2.23                                                                              | Opinion                    of Financial Advisor                                                                         | 35 |
|     2.24                                                                              | Board                    Approval                                                                                       | 35 |
|     2.25                                                                              | Rights                    Agreement                                                                                     | 35 |
|     2.26                                                                              | State                    Takeover Statutes                                                                              | 35 |
|     2.27                                                                              | Interested                    Party Transactions                                                                        | 35 |
|                                                                                                      |
| ARTICLE                    III REPRESENTATIONS AND WARRANTIES OF PARENT AND MERGER                    SUB | 36                                                                                                                      |
|                                                                                                      |
|     3.1                                                                               | Corporate                    Organization                                                                               | 36 |
|     3.2                                                                               | Authority                    Relative to this Agreement                                                                 | 36 |
|     3.3                                                                               | No                    Conflict; Required Filings and Consents                                                           | 36 |
|     3.4                                                                               | Proxy                    Statement                                                                                      | 37 |
|     3.5                                                                               | Sufficient                    Funds                                                                                     | 37 |

----

|                                                              |                                                                                 | **Page** |
|-------------------------------------------------------------------|--------------------------------------------------------------------------------------|----------|
|     3.6                                       | No                    Prior Merger Sub Operations                                    | 37       |
|                                                              |                                                                                 |     |
| ARTICLE                    IV CONDUCT PRIOR TO THE EFFECTIVE TIME | 37                                                                                   |
|                                                              |                                                                                 |     |
|     4.1                                       | Conduct                    of Business by Company                                    | 37       |
|                                                              |                                                                                 |     |
| ARTICLE                    V ADDITIONAL AGREEMENTS                |                                                                                 |
|                                                              |                                                                                 |     |
|     5.1                                       | Proxy                    Statement                                                   | 41       |
|     5.2                                       | Meeting                    of Company Stockholders                                   | 42       |
|     5.3                                       | Confidentiality;                    Access to Information                            | 43       |
|     5.4                                       | No                    Solicitation                                                   | 43       |
|     5.5                                       | Public                    Disclosure                                                 | 46       |
|     5.6                                       | Reasonable                    Efforts; Regulatory Matters                            | 47       |
|     5.7                                       | Notification                                                                         | 48       |
|     5.8                                       | Third                    Party Consents and Notices                                  | 48       |
|     5.9                                       | Indemnification                                                                      | 49       |
|     5.10                                      | Termination                    of Certain Benefit Plans                              | 49       |
|     5.11                                      | Section                    16 Matters                                                | 50       |
|     5.12                                      | Disqualified                    Individuals                                          | 50       |
|     5.13                                      | Company                    Rights Agreement                                          | 50       |
|     5.14                                      | Takeover                    Statutes                                                 | 50       |
|     5.15                                      | FIRPTA                    Compliance                                                 | 50       |
|                                                              |                                                                                 |     |
| ARTICLE                    VI CONDITIONS TO THE MERGER            | 51                                                                                   |
|                                                              |                                                                                 |     |
|     6.1                                       | Conditions                    to Obligations of Each Party to Effect the Merger      | 51       |
|     6.2                                       | Additional                    Conditions to Obligations of the Company               | 51       |
|     6.3                                       | Additional                    Conditions to the Obligations of Parent and Merger Sub | 51       |
|                                                              |                                                                                 |     |
| ARTICLE                    VII TERMINATION, AMENDMENT AND WAIVER  | 52                                                                                   |
|                                                              |                                                                                 |     |
|     7.1                                       | Termination                                                                          | 52       |
|     7.2                                       | Notice                    of Termination; Effect of Termination                      | 54       |
|     7.3                                       | Fees                    and Expenses                                                 | 54       |
|     7.4                                       | Amendment                                                                            | 56       |
|     7.5                                       | Extension;                    Waiver                                                 | 56       |
|                                                              |                                                                                 |     |
| ARTICLE                    VIII GENERAL PROVISIONS                | 56                                                                                   |
|                                                              |                                                                                 |     |
|     8.1                                       | Non-Survival                    of Representations and Warranties                    | 56       |
|     8.2                                       | Notices                                                                              | 56       |
|     8.3                                       | Interpretation;                    Knowledge                                         | 57       |
|     8.4                                       | Counterparts                                                                         | 58       |
|     8.5                                       | Entire                    Agreement; Third Party Beneficiaries                       | 58       |
|     8.6                                       | Severability                                                                         | 59       |
|     8.7                                       | Other                    Remedies; Specific Performance                              | 59       |
|     8.8                                       | Governing                    Law; Jurisdiction                                       | 59       |
|     8.9                                       | Rules                    of Construction                                             | 59       |
|     8.10                                      | Assignment                                                                           | 59       |
|     8.11                                      | Waiver                    of Jury Trial                                              | 60       |

**INDEX          OF EXHIBITS**

| *Exhibit A* | Form                    of Company Voting Agreement |
|------------------|-----------------------------------------------------|

----

**AGREEMENT      AND PLAN OF MERGER**

**Agreement**
**Parent**
**Merger      Sub**
**Company**

**RECITALS      **

**Board**
*Section 1.1*

*Exhibit A*
**Company      Voting Agreements**

**ARTICLE I      **

**THE      MERGER **

*The      Merger*
*Section 1.2*
**Delaware      Law**
**Merger**
**Surviving      Corporation**

*Effective      Time; Closing*
**Certificate      of Merger**
**Effective      Time**
**Closing**
*Article      VI*

----

**Closing      Date**

*Effect      of the Merger*

*Certificate      of Incorporation and Bylaws of Surviving Corporation*

*Section 5.9(a)*
*provided,      however*

*Bylaws*
*Section 5.9(a)*
*provided,      however*

*Directors      and Officers of Surviving Corporation*

*Directors*

*Officers*

*Effect      on Capital Stock*

*Conversion      of Shares*
**Company      Common Stock**
*Section 1.6(b)*
*Section 1.7*
*Section 1.8*
*Section 1.10*
**Per      Share Merger Consideration**
**Merger      Consideration**

----

*Cancellation      of Treasury and Parent-Owned Shares*

*Capital      Stock of Merger Sub*
**Merger      Sub Common Stock**

*Stock      Options*
*Section 1.6(d)*
*Article      II*
**Company      Stock Options**
**Company      Stock Plans**
**Option      Merger Consideration**
*provided,      however*
*provided      further*
*Section 1.6(d)*
*Section 2.13(a)(ii))*

*Dissenting      Shares*

**Dissenting      Shares**
*Section 1.8*

----

*Surrender      of Certificates*

*Paying      Agent*
**Paying      Agent**
*Section 1.6(a)*

*Payment      Procedures*
**Certificates**

*Payments      with respect to Unsurrendered Company Common Stock; No      Liability*

*Transfers      of Ownership*

----

*Required      Withholding*

*No      Further Ownership Rights in Company Common Stock*
*Article I*

*Lost,      Stolen or Destroyed Certificates*
*provided,      however*

*Adjustments*

*Taking      of Necessary Action; Further Action*

**ARTICLE II      **

**REPRESENTATIONS      AND WARRANTIES OF COMPANY **

----

*Article II*
**Company      Disclosure Letter**

*Organization      and Qualification; Subsidiaries*

*Section 2.1(b)*
*Section 2.1(b)*
**Contract**
*Section 2.3(a)*

*Section 2.1(b)*

*Section 2.1(d)*

*Certificate      of Incorporation and Bylaws; Minutes*

**Company      Charter Documents**

----

*Capitalization*

**Company      Preferred Stock**
*Section 2.3(a)*
**Transactions**
*Section 2.9(b)*
**Legal      Requirements**
*Section 2.5(b)*

*Section 2.3(b)*

**Rights      Agreement**

----

*Authority      Relative to this Agreement*
**SEC**
**Company      Stockholder Approval**

*No      Conflict; Required Filings and Consents*

*Section 2.5(b)*

----

*Section 2.20(a)*
**Encumbrance**

**Governmental      Entity**
**Exchange      Act**
**Blue      Sky Laws**
**HSR      Act**
*Section 2.5(b)*
**Required      Consents**

*Compliance      with Health Care Laws*

*et      seq*

----

*et      seq*
**Health      Care Laws**

*Permits*
**FDA**
*Section 2.7(a)*
*Section 2.17(a)*
**Company      Permit**
**Company      Permits**
*Section 2.7*

*FDA;      Global Regulation Compliance; Company Products and Company Research      Programs*

----

*e.g.,      *

----

**Significant      Consultant**
*Section 2.13(a)(iv)*

*Section 2.8(g)*

*Section 2.8(g)*
**Product      Inventory**

*SEC      Filings; Financial Statements*

**Securities      Act**
**Company      SEC Reports**

----

**Financial      Statements**
**GAAP**
**Regulation S-K**
**Interim      Balance Sheet Date**
**Statement      No. 5**
**Interim      Balance Sheet**

**Closing      Cash Items**

*Section 2.9(d)*
**Forecast**

**SOX**

----

**AS-2**
*Section 2.9(g)*

----

*No      Undisclosed Liabilities*
**Liabilities**
*Section 4.1*

*Absence      of Certain Changes or Events*
*Section 2.19*

----

*Section 2.15(a)*

*Absence      of Litigation*
**Action**
*Section 2.12*
*Section 2.12*

*Employee      Benefit Plans*

*Definitions*

**COBRA**

**Code**

**Company      Employee Plan**

**Consultant**

**DOL**

**Employee**

----

**Employment      Agreement**

**Employee      Plan**

**ERISA**

**ERISA      Affiliate**

**FMLA**

**International      Employee Plan**

**IRS**

**Multiemployer      Plan**

**Pension      Plan**

*Schedule.      Section 2.13(b)*

*Documents.*

----

*Employee      Plan Compliance*
**Treasury**

*No      Pension or Funded Welfare Plans*

*Collectively      Bargained, Multiemployer and Multiple Employer Plans*

*Deferred      Compensation Compliance*

----

*Executive      Loans*

*Fair      Market Value*

*Plan      Contributions*

*No      Post-Employment Obligations*

*Effect      of Transaction*

*Section 2.13(l)(ii)*

*Employment      Matters*

----

*Labor*

*International      Employee Plan*

*WARN      Act*
**WARN      Act**

*Employee      Information*

----

*True      and Correct Copies*
*Section 2.13(c)*

*Proxy      Statement*
**Proxy      Statement**

*Title      to Property*

*Section 2.15(a)*
**Owned      Real Estate**

*Section 2.15(b)*
**Leased      Real Estate**
**Company      Real Estate**
**Real      Estate Leases**

----

*Section 2.15(c)(i)      *

**Exceptions      to Title**

**Permitted      Encumbrance**

----

*Taxes*

*Definition      of Taxes*
**Tax**
**Taxes**

*Tax      Returns and Audits.*

**Returns**
**Company      Returns**

----

----

*Environmental      Matters*

*Hazardous      Material*
**Company      Business Facilities**
*Section 2.17*
**Environmental      and Safety Laws**
**Hazardous      Materials**

*Hazardous      Materials Activities*
**Hazardous      Materials Activities**

*Environmental      Liabilities; Compliance with Environmental and Safety Laws*
*et*
*seq*
**CERCLA**

*Environmental      Indemnities*

----

*Decommissioning*

*Reports      and Records*

*Brokers;      Third Party Expenses*
*Section 2.18*

*Intellectual      Property*

*Definitions*

**Company      Intellectual Property**

*Section 2.19*
*Section 2.20*
**Conduct      of the Business of the Company**

**Company-Controlled      Intellectual Property**

**Company-Owned      Intellectual Property**

**Company      Products**

----

**Company      Research Programs**
*i.e.,      *

**Company      Registered Intellectual Property**

**Intellectual      Property**
**Patents**
**Domain      Names**
**Trademarks**
**Trade      Secrets and Confidential Information**

**IP      Contracts**

**Registered      Intellectual Property**

*Representations*

*Company      Intellectual Property*

*Company      Products and Company Research Programs.      Section 2.19(b)(i)(1)*

----

*Company      Registered Intellectual Property.*

*Section 2.19(b)(i)(2)*

*Section 2.19(b)(i)(2)*

*IP      Contracts*
*Section 2.19(b)(i)(3)*

----

*Section 2.19(b)(i)(3)*
**IPR      Form Agreements**

*Validity*

*Ownership*

----

----

*Non-Infringement.*

*Section 2.19(b)(iv)(3)*

*IP      Contracts*

*Section 2.19(b)(i)(3)*

*Sufficiency      of Intellectual Property*

*Government      Rights*

----

*Third-Party      Infringement*

*Trade      Secret Protection*

*Maintenance      of Invention Materials*

*Contracts*

*Section 2.20(a*

*Section 2.13(a)(vi))*

----

----

**Government      Contract**

*Section 2.20*
*Section 2.19(b)(iii)*
*Section 2.20(a)*
**Company      Contract**

*Section 2.20(a)*
*Section 2.20(b)*
*Section 2.20(a)*
*provided*
*Section 2.20(b)*

*Product      Liability*

*Insurance*
*Section 2.22*

----

**Insurance      Policies**

*Opinion      of Financial Advisor*

*Board      Approval*

*Rights      Agreement*

*State      Takeover Statutes*

*Interested      Party Transactions*
*Section 2.27*

----

**ARTICLE III      **

**REPRESENTATIONS      AND WARRANTIES OF PARENT **

**AND      MERGER SUB **

*Corporate      Organization*

*Authority      Relative to this Agreement*

*No      Conflict; Required Filings and Consents.*

*Section 3.3(b)*

----

*Proxy      Statement*

*Sufficient      Funds*

*No      Prior Merger Sub Operations*

**ARTICLE IV      **

**CONDUCT      PRIOR TO THE EFFECTIVE TIME **

*Conduct      of Business by Company*
*Section 4.1*
*Section 4.1(f)*
*Section 2.8*

----

*Section 4.1*

*Section 4.1(d)*

*Section 2.19*

*Section 4.1(bb)*

----

*provided*

*Section 4.1(t)*
*Section 4.1*
*provided*

----

*Section 4.1*
*provided*
*however*
*Section 4.1(z))*

*Section 4.1*
*Section 4.1*
*Section 2.19*
*Section 2.20*

*provided*
*Section 4.1*

----

*Section 2.18*

*Section 2.20(a)*

*Section 4.1(a)*
*Section 4.1(ee)*

**ARTICLE V      **

**ADDITIONAL      AGREEMENTS **

*Proxy      Statement*

*provided*
*Section 5.1*
*provided*

----

*provided*

*Meeting      of Company Stockholders*

**Stockholders’      Meeting**
*provided*

----

*Section 5.4(d)*
*Section 2.23*

*Confidentiality;      Access to Information.*

**Confidentiality      Agreement**

*Section 5.3*

*No      Solicitation.*

*No      Solicitation*
**Representatives**
*Section 5.4(g)(i)*

----

*Section 5.4(d)*
*Section 5.4(c)(i)*

*Notification      of Unsolicited Acquisition Proposals.*

*Superior      Offers*
*Section 5.4*
*Section 5.4(a)*
*Section      5.4(g)(ii)*

*provided*

*provided*

*Changes      of Recommendation*
**Change      of Recommendation**
*Section 7.1(h)*
*provided,      however*

----

*Section 7.1(h)*
*Section 7.1(h)*

*Section 5.4(d)(iii)(D)*

*Section 5.2*

*Section 5.4(d)*

*Continuing      Obligation to Call, Hold and Convene Stockholders’ Meeting; No Other      Vote*

*Compliance      with Tender Offer Rules*
*Section 5.4(d)*

*Certain      Definitions*

**Acquisition      Proposal**

----

**Superior      Offer**
*Section 5.4(d)(iii)(D)*

*Section 5.4(h)*
*Section 5.4*
*Section 5.4*

*      Public Disclosure.*

*Section 5.4(d)*

*Section 7.1*
*provided,      however*
*Section 5.5(b)*

----

*Reasonable      Efforts; Regulatory Matters.*

*Section 5.4(d)*
*Section 5.6(d)*
*Article      VI*

*Section 5.6(d)*
*provided*
**Antitrust      Laws**

*Section 5.6*
*Section 5.6(b),      *

----

*Section 5.6*
**Divestiture**

*Notification*
*Section 6.2(a)*
*Section 6.2(b)*
*Section 6.3(a)*
*Section 6.3(b)*
*provided,      however*

*Third      Party Consents and Notices.*

*Section 5.8*
*provided*

----

*Indemnification.*

**Indemnified      Parties**

*Section 5.9(b)*
**Cap      Amount**
**Tail      Coverage**
*provided*

*Section 5.9*
*Section 5.9*

*Section 5.9*
*Section 5.9*

*Termination      of Certain Benefit Plans*
*Section 5.10*

----

*Section 5.10*
**Company      Group Employee Plans**

*Section 16      Matters*
*Article I*
**Company      Insiders**

*Disqualified      Individuals*
*Section 2.13(l)(ii)*

*Company      Rights Agreement*

*Takeover      Statutes.*

*FIRPTA      Compliance*

----

**ARTICLE VI      **

**CONDITIONS      TO THE MERGER **

*Conditions      to Obligations of Each Party to Effect the Merger*

*Company      Stockholder Approval*

*No      Order*
*provided,      however*

*Governmental      Approvals*

*Additional      Conditions to Obligations of the Company*

*provided,      however*

*Agreements      and Covenants*

*Additional      Conditions to the Obligations of Parent and Merger Sub*

*Representations      and Warranties*

----

*provided,      however*
*Section 2.3(a)*
*Section 2.4*
*Section 2.23*
*Section 2.25*

*Agreements      and Covenants*

*Material      Adverse Effect*

*No      Governmental Restriction*

*Sarbanes-Oxley      Certifications; No Restatement*

**ARTICLE VII      **

**TERMINATION,      AMENDMENT AND WAIVER **

*Termination*

**Initial      Termination Date**
*provided,      however*
*Section 6.1(b)*
*Section 6.1(c)*
*Section 6.3(d)*

----

*Article      VI*
**Extended      Termination Date**
*provided,      further*
*Section 7.1(b)*

*provided,      however*
*Section 7.1(d)*

*Section 6.2(a)*
*Section 6.2(b)*
*provided,      however*
*Section 7.1(e)*
*provided*
*Section 7.1(e)*

*Section 6.3(a)*
*Section 6.3(b)*
*provided,      however*
*Section 7.1(f)*
*provided*
*Section 7.1(f)*

*Section 5.4(d)*
*Section 7.1(h)*
*Section 5.4(d)*
*Section 7.3(b)(i)*

**Triggering      Event**

----

**Acquisition      Proposal Assessment Period**
*Section 5.2*
*Section 5.4.*

*Notice      of Termination; Effect of Termination*
*Section 7.1*
*Section 7.1(e)*
*Section 7.1(f)*
*Section 7.1*
*Section 5.3(a)*
*Section 7.2*
*Section 7.3*
*Article      VIII*

*Fees      and Expenses*

*General*
*Section 7.3*
*provided*

*Company      Payments.*

**Termination      Fee**
*Section 7.1(h)*

----

*Section 7.1(b)*

*Section 7.3(b)*
*Section 7.3(b)      *
*Section 7.3(b)*
*Section 7.3(b)*
*Section 7.3(b)*

*Section 7.3*
*Section 7.3*
*Section 7.3(b)*
*Section 7.3(b)*

**Company      Acquisition**

*Parent      Payment*
*Section 7.1(b)*
*Section 7.1(c)*
*provided*
*Section 7.1(c)*
*Section 6.1*
*Section 6.1(b)*
*Section 6.1(c)*
*Section 6.3*
*Section      6.3(d))*

----

*provided*

*Amendment*

*Extension;      Waiver*
*provided*
*Section 6.1(a)*

**ARTICLE VIII      **

**GENERAL      PROVISIONS **

*Non-Survival      of Representations and Warranties*
*Section 8.1*

*Notices*

----

*Interpretation;      Knowledge*

**knowledge**
*provided*

**Material      Adverse Effect**
*provided,      however*

----

*Section 5.1*
*Schedule      8.3(F)*

**person**

**business      day**

**subsidiary**
**subsidiaries**

**hereof**
**herein**
**hereunder**

*Counterparts*

*Entire      Agreement; Third Party Beneficiaries*

----

*Section 5.3(a)*
*Section 5.3(b)*
*Section 5.9(d)*

*Severability*

*Other      Remedies; Specific Performance*

*Governing      Law; Jurisdiction*
*Section 8.2*

*Rules      of Construction*

*Assignment*

----

*Waiver      of Jury Trial*

----

|   | **GENENTECH,                  INC.**               |
|--------|----------------------------------------------------|
|   |                                               |   |
|   | By:                                                | /s/  ARTHUR                  LEVINSON |
|   |                                               | **Arthur                  Levinson, Chairman and****Chief                  Executive Officer** |
|   |                                               |   |
|   |                                               |   |
|   | **GREEN                  ACQUISITION CORPORATION** |
|   |                                               |   |
|   | By:                                                | /s/  STEPHEN                  JUELSGAARD |
|   |                                               | **Stephen                  Juelsgaard, President and****Chief                  Executive Officer** |
|   |                                               |   |
|   |                                               |   |
|   | **TANOX,                  INC.**                   |
|   |                                               |   |
|   | By:                                                | /s/  NANCY                  T. CHANG |
|   |                                               | **Nancy                  Chang,****Chairman                  of the Board of Directors** |

******Signature      Page to Agreement and Plan of Merger**** **

----

----