Document:

Greektown Superholdings, Inc 8k

 

Exhibit 10.1

AGREEMENT AND PLAN OF MERGER

 

MERGING

GREEKTOWN NEWCO SUB, INC.,

a Delaware corporation,

INTO

GREEKTOWN SUPERHOLDINGS, INC.

a Delaware corporation

 

______________________________________________________________________________

 

 

THIS AGREEMENT AND PLAN
OF MERGER (this “Agreement”) is made as of this 20th day of December, 2013, by and between Greektown
Newco Sub, Inc., a Delaware corporation (“Newco Sub” or the “Merging Company”), and its sole
stockholder, Greektown Superholdings, Inc., a Delaware corporation (“Superholdings” or the “Surviving
Company”).

 

RECITALS

 

		A.	Newco Sub is a corporation duly organized and existing under
the laws of the State of Delaware, with authority to issue 1,000 shares of common stock, all of which are issued to Superholdings.

		B.	Superholdings is a corporation duly organized and existing under
the laws of the State of Delaware, with authority to issue 7,333,333 shares, consisting of (a) 5,000,000 shares of common stock,
(i) 4,354,935 shares of which are designated as Series A-1 Common Stock, of which 1 is currently issued and outstanding, and (ii)
645,065 shares of which are designated as Series A-2 Common Stock, of which no shares are currently issued and outstanding; and
(b) 2,333,333 shares of preferred stock, (i) 1,688,268 shares of which are designated as Series A-1 Preferred Stock, of which 1,463,535
are currently issued and outstanding, and (ii) 645,065 shares are designated as Series A-2 Preferred Stock, of which 162,255 are
currently issued and outstanding.

		C.	The board of directors of Superholdings has, by resolution, unanimously
approved this Agreement, and declared it advisable and in the best interests of Superholdings and its wholly owned subsidiary Newco
Sub that Newco Sub merge with and into Superholdings, which shall be the surviving company, in the manner and upon the terms and
conditions hereinafter set forth and with the effect provided by and pursuant to the applicable provisions of Delaware law, which
laws permit the merger herein contemplated.

THEREFORE, it is
agreed as follows:

FIRST:At the Effective
Time (as defined in Article Seventh), Newco Sub shall be merged with and into Superholdings (the “Merger”),
which shall be the surviving company. 

    	 

    	 

    

 SECOND:The separate existence
of the Merging Company shall cease at the Effective Time and the existence of the Surviving Company shall continue unaffected
and unimpaired by the merger with all of the rights, privileges, immunities and powers and subject to all the duties and liabilities
of a corporation organized under Delaware law.

 

THIRD:The Bylaws (the “Bylaws”)
of Superholdings shall be the Bylaws of the Surviving Company, in full force and effect at the Effective Time, until the same shall
be altered or amended as therein provided or as provided by law.

 

FOURTH:The officers and directors of Superholdings in office
at the Effective Time shall constitute the officers and directors of the Surviving Company for the terms elected or appointed and
qualified. Should a vacancy exist at the Effective Time on the Board of Directors of the Surviving Company or in any office of
the Surviving Company, such vacancy may be filled in the manner provided by the Bylaws of the Surviving Company.

 

FIFTH:All of the issued and outstanding shares of Newco
Sub shall, at the Effective Time, by virtue of the merger and without any action on the part of the holder of such shares, be cancelled
and cease to exist. The shares of Superholdings at the Effective Time shall continue, without impairment or alteration, as issued
and outstanding shares of the Surviving Company.

 

SIXTH:The street address of the principal place of business
of the Surviving Company is 555 East Lafayette, Detroit, Michigan 48226.

 

SEVENTH:The merger shall become effective upon the filing
of a certificate of merger with the Delaware Secretary of State (the “Effective Time”).

 

EIGHTH:From and after the Effective Time:

 

		1.	All the rights, privileges, powers and franchises and all property, contracts, money and assets of every kind and description,
including, without limitation, patents, trademarks, trade names, licenses and registrations and the goodwill relating to any of
the foregoing, of the Merging Company shall be vested in, and be held and enjoyed by, the Surviving Company without further act
or deed.

 

		2.	All the estates and interests of every kind of the Merging Company, including all debts due to them on whatever account, shall
be as effectively the property of the Surviving Company as they were of the Merging Company prior to the merger.

 

		3.	All rights of creditors and all liens upon any property of the Merging Company prior to the merger shall henceforth attach
to the same property of the Surviving Company and may be enforced against it to the same extent as if said debts, liabilities and
duties had been incurred or contracted by the Surviving Company.

    	 

    	 

    

 

NINTH:The Merging Company agrees, to
the extent permitted by law, from time to time, as and when requested by the Surviving Company, or by its successors or assigns,
to execute and deliver, or cause to be executed or delivered, all such deeds and instruments, and to take or cause to be taken,
such further or other action as the Surviving Company may deem necessary or desirable to vest in and confirm to the Surviving Company
title to, and possession of, any property, bank accounts, assets or rights of the Merging Company acquired by reason of, or as
a result of, the merger herein provided for, and otherwise to carry out the intent and purposes hereof. The proper officers and
directors of the Merging Company immediately preceding the Effective Time, and the then current and proper officers and directors
of the Surviving Company, are authorized, in the names of each of the Merging Company and the Surviving Company, to take any and
all such actions.

 

TENTH:The Merging Company and the Surviving
Company shall take or cause to be taken all actions, or do or cause to be done all things, necessary, proper, or advisable under
the laws of Delaware to consummate the merger and to make the merger effective in accordance with this Agreement.

 

ELEVENTH:Notwithstanding anything herein
to the contrary, this Agreement may be abandoned at any time prior to the Effective Time by the directors of Superholdings, acting
for any reason or for no reason. In the event of such termination and abandonment, this Agreement shall become void and have no
effect without any liability on the part of the Merging Company or the Surviving Company or the shareholders or directors of the
constituent corporations. The sole shareholder and directors of the Merging Company and the sole shareholder and directors of the
Surviving Company may make amendments or changes to this Agreement at any time prior to the Effective Time.

 

 

[signature page follows]

    	 

    	 

    

 

IN WITNESS WHEREOF, the
Surviving Company and the Merging Company have caused this Agreement to be signed this 20th day of December,
2013.

 

 

MERGING COMPANY:

 

GREEKTOWN NEWCO SUB, INC.

 

 

 

By:/s/ GLEN TOMASZEWSKI

Name: Glen Tomaszewski

		Title:	Senior Vice President, Chief Financial Officer and Treasurer

 

 

 

SURVIVING COMPANY:

 

GREEKTOWN SUPERHOLDINGS, INC.

 

 

 

By:/s/ MATTHEW CULLEN

Name: Matthew Cullen

Title: PresidentGreektown Superholdings, Inc 8k

 

Exhibit 10.2

AGREEMENT AND PLAN OF MERGER

 

MERGING

GREEKTOWN SUPERHOLDINGS, INC.,

a Delaware corporation,

INTO

GREEKTOWN HOLDINGS, L.L.C.

a Michigan limited liability company

 

______________________________________________________________________________

 

 

THIS AGREEMENT AND PLAN
OF MERGER (this “Agreement”) is made as of this 20th day of December, 2013, by and between Greektown
Superholdings, Inc., a Delaware corporation (“Superholdings” or the “Merging Company”), and
Greektown Holdings, L.L.C., a Michigan limited liability company (“Holdings” or the “Surviving Company”),
a direct wholly-owned subsidiary of Superholdings.

 

RECITALS

 

		A.	Superholdings is a corporation duly organized and existing under
the laws of the State of Delaware, with authority to issue 7,333,333 shares, consisting of (a) 5,000,000 shares of common stock,
(i) 4,354,935 shares of which are designated as Series A-1 Common Stock, of which 1 is currently issued and outstanding, and (ii)
645,065 shares of which are designated as Series A-2 Common Stock, of which no shares are currently issued and outstanding; and
(b) 2,333,333 shares of preferred stock, (i) 1,688,268 shares of which are designated as Series A-1 Preferred Stock, of which 1,463,535
are currently issued and outstanding, and (ii) 645,065 shares are designated as Series A-2 Preferred Stock, of which 162,255 are
currently issued and outstanding.

		B.	Holdings is a limited liability company duly organized and existing
under the laws of the State of Michigan. As of immediately prior to the Effective Time, 100% of the membership interests of Holdings
are issued to Superholdings.

		C.	The sole shareholder and board of directors of Superholdings,
Superholdings, as the sole member of Holdings, and the manager of Holdings have, by resolution, approved this Agreement, and declared
it advisable and in the best interests of their respective companies that Superholdings merge with and into Holdings, which shall
be the surviving company, in the manner and upon the terms and conditions hereinafter set forth and with the effect provided by
and pursuant to the applicable provisions of Michigan and Delaware law, which laws permit the merger herein contemplated.

    	 

    	 

    

  THEREFORE, it is agreed
as follows:

 

 FIRST:At the Effective Time (as
defined in Article Seventh), Superholdings shall be merged with and into Holdings (the “Merger”), which shall
be the surviving company.

 

 SECOND:The separate existence of the
Merging Company shall cease at the Effective Time and the existence of the Surviving Company shall continue unaffected and unimpaired
by the merger with all of the rights, privileges, immunities and powers and subject to all the duties and liabilities of a corporation
organized under Ohio law.

 

THIRD:The Operating Agreement of the
Surviving Company, as in effect immediately prior to the Effective Time, shall remain in full force and effect at the Effective
Time, until the same shall be altered or amended as therein provided or as provided by law.

 

FOURTH:The officers and manager of
Holdings in office at the Effective Time shall constitute the officers and manager of the Surviving Company for the terms elected
or appointed and qualified. Should a vacancy exist at the Effective Time in any office of the Surviving Company, such vacancy
may be filled in the manner provided by the Operating Agreement or Articles of Organization of the Surviving Company.

 

FIFTH:All of the issued and outstanding
shares of Superholdings shall, at the Effective Time, by virtue of the merger and without any action on the part of the holder
of such shares, be cancelled and cease to exist. The membership interests of Holdings at the Effective Time shall continue, without
impairment or alteration, as issued and outstanding membership interests of the Surviving Company.

 

SIXTH:The street address of the
principal place of business of the Surviving Company is 555 East Lafayette, Detroit, Michigan 48226.

 

SEVENTH:The merger shall become effective
upon the filing of a certificate of merger with each of the Michigan Department of State and the Delaware Secretary of State (the
“Effective Time”).

 

EIGHTH:From and after the Effective
Time:

 

		1.	All the rights, privileges, powers and franchises and all property, contracts, money and assets
of every kind and description, including, without limitation, patents, trademarks, trade names, licenses and registrations and
the goodwill relating to any of the foregoing, of the Merging Company shall be vested in, and be held and enjoyed by, the Surviving
Company without further act or deed.

 

		2.	All the estates and interests of every kind of the Merging Company, including all debts due to
them on whatever account, shall be as effectively the property of the Surviving Company as they were of the Merging Company prior
to the merger.

 

		3.	The title to any real estate vested by deed or otherwise in the Merging Company shall not revert
or be in any way impaired by reason of the merger.

 

    	 

    	 

    

		4.	The outstanding shares of Superholdings shall be converted into the right to receive the outstanding
membership interests of Holdings.

 

		5.	All rights of creditors and all liens upon any property of the Merging Company prior to the merger
shall henceforth attach to the same property of the Surviving Company and may be enforced against it to the same extent as if said
debts, liabilities and duties had been incurred or contracted by the Surviving Company.

 

NINTH:The Merging Company agrees, to
the extent permitted by law, from time to time, as and when requested by the Surviving Company, or by its successors or assigns,
to execute and deliver, or cause to be executed or delivered, all such deeds and instruments, and to take or cause to be taken,
such further or other action as the Surviving Company may deem necessary or desirable to vest in and confirm to the Surviving Company
title to, and possession of, any property, bank accounts, assets or rights of the Merging Company acquired by reason of, or as
a result of, the merger herein provided for, and otherwise to carry out the intent and purposes hereof. The proper officers and
directors of the Merging Company immediately preceding the Effective Time, and the then current and proper officers and directors
of the Surviving Company, are authorized, in the names of each of the Merging Company and the Surviving Company, to take any and
all such actions.

 

TENTH:The Merging Company and the Surviving
Company shall take or cause to be taken all actions, or do or cause to be done all things, necessary, proper, or advisable under
the laws of Michigan and Delaware to consummate the merger and to make the merger effective in accordance with this Agreement.

 

ELEVENTH:Notwithstanding anything herein
to the contrary, this Agreement may be abandoned at any time prior to the Effective Time by the sole shareholder and directors
of the Merging Company or the sole member or manager of the Surviving Company, acting for any reason or for no reason. In the event
of such termination and abandonment, this Agreement shall become void and have no effect without any liability on the part of the
Merging Company or the Surviving Company or the shareholders, members, managers or directors of the constituent corporations. The
sole shareholder and directors of the Merging Company and the sole member and manager of the Surviving Company may make amendments
or changes to this Agreement at any time prior to the Effective Time.

 

 

[signature page follows]

    	 

    	 

    

IN WITNESS WHEREOF,
the Surviving Company and the Merging Company have caused this Agreement to be signed this 20th day of December,
2013.

 

 

MERGING COMPANY:

 

GREEKTOWN SUPERHOLDINGS, INC.

 

 

 

By:/s/ MATTHEW CULLEN

Name: Matthew Cullen

Title: President

 

 

 

SURVIVING COMPANY:

 

GREEKTOWN HOLDINGS, L.L.C.

 

 

 

By:/s/ GLEN TOMASZEWSKI

Name: Glen Tomaszewski

		Title:	Senior Vice President, Chief Financial Officer and Treasurer

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