Opinion ID: 1177746
Heading Depth: 1
Heading Rank: 1

Heading: AGREEMENT by and among IU INTERNATIONAL CORPORATION, IU INVESTMENT CORPORATION, IUH CORPORATION and C. BREWER AND COMPANY, LIMITED

Text: AGREEMENT, dated the ____ day of ____, 1978, by and among IU International Corporation, a Maryland corporation (IU), with its principal office at 1105 North Market Street, Wilmington, Delaware 19801; IU Investment Corporation, a Delaware corporation (IUI), with its principal office at 1105 North Market Street, Wilmington, Delaware 19801; IUH Corporation (IUH), a Hawaii corporation, with its principal office at ____, and C. Brewer and Company, Limited, a Hawaii corporation (Brewer), with its principal office at 827 Fort Street, Honolulu, Hawaii 96801. IUI, a wholly-owned subsidiary of IU, owns 2,435,162 shares or approximately 54% of the outstanding and issued capital stock of Brewer. IUH is a wholly-owned subsidiary of IUI which has been formed for the purpose of consummating the transactions contemplated by this Agreement. IU, IUI, IUH and Brewer have agreed that it is advisable for IUH to merge into Brewer upon the terms and conditions hereinafter set forth, whereby the issued and outstanding capital stock of Brewer, owned by stockholders other than IUI, would be exchanged for $1.36 Convertible Preferred Stock of IU. NOW, THEREFORE, the parties to this Agreement (the Agreement), in consideration of the mutual covenants herein contained, do hereby agree as follows: