AGREEMENT OF MERGER

EX-2.1 2 dex21.htm AGREEMENT OF MERGER Agreement of Merger

Exhibit 2.1

AGREEMENT OF MERGER

AGREEMENT OF MERGER, dated as of June 12, 2007, but effective as of June 13, 2007, by and between AMERICAN ROCK SALT COMPANY LLC, a New York limited liability company (“ARS”) and ARS MERGECO LLC, a New York limited liability company (“Mergeco” and together with ARS, the “Constituent Companies”).

WHEREAS, ARS is a limited liability company organized and existing under and by virtue of the laws of the State of New York; and

WHEREAS, Mergeco is a limited liability company organized and existing under and by virtue of the laws of the State of New York; and

WHEREAS, the requisite percentage of the members of ARS and Mergeco deem it desirable and in the best interest of the Constituent Companies and their respective members that they merge under the laws of the State of New York, with ARS being the surviving company;

NOW, THEREFORE, it is hereby agreed as follows:

1. The names of the Constituent Companies are AMERICAN ROCK SALT COMPANY LLC and ARS MERGECO LLC.

2. The surviving company is ARS.

3. The membership interests of Mergeco are owned in accordance with the following:

(a) American Rock Salt Holdings LLC (“Holdco”) — 100%

4. The membership units of ARS are owned in accordance with the information on Schedule A attached hereto and made a part hereof.

5. Following the merger, the membership interests of ARS will be converted into membership interests of Holdco, such that ARS, as the surviving company, will be owned in accordance with the following:

(a) Holdco — 100%

6. Following the merger, the membership units of Holdco will be owned in accordance with the information on Schedule B attached hereto and made a part hereof.

7. The Articles of Organization and Operating Agreement of ARS, the surviving company, shall not be amended by virtue of the merger.


IN WITNESS WHEREOF, we have executed this Agreement of Merger as of the effective date first set forth above.

 

ARS MERGECO LLC

By: American Rock Salt Holdings LLC, Managing Member

  By: American Rock Salt Company LLC, Manager
    By:  

/s/ Gunther K. Buerman

      Gunther K. Buerman, Chairman

AMERICAN ROCK SALT COMPANY LLC

By:  

/s/ Gunther K. Buerman

  Gunther K. Buerman, Chairman


SCHEDULE A

American Rock Salt Company LLC Members

 

Member

   Class A Units    Class F Units

G.E. Capital Corporation

   1,250.000   

Joseph G. Bucci

      3,952.500

Gunther K. Buerman

      4,122.075

Neil L. Cohen

      3,442.500

Charles L. VanArsdale

      387.325

Pamela VanArsdale

      15.000

Dr. Robert Dewey

      15.000

Greene 1998 Trusts

      10.000

Greene Family Trust

      10.000

Thomas Terry, Jr.

   1,000.000    318.750

Raymond Martel

      159.375

Donald B. Holman

      61.200

Salt of the Earth, LLC

      96.900

C&C Salt, LLC

   1,012.500   

Dolomite Products Co., Inc.

   1,250.000   

Kevin Szanyi

   13.000   

Patrick Maxwell

   13.000   

Estate of Jacqueline Harris

   25.000   

C. Wesley Gregory, III

   62.500   

William L. Dorr

   25.000   

Robert C. Scutt

   12.500   

William M. O’Connor

   12.500   

Philip G. Spellane

   12.500   

John W. Clarke

   25.000   

I.C. Shah

   75.000   

Charles Littlefield

   25.000   

O’Connell Electric Company

   250.000   

ARSC LLC

   150.000   

John Mooney

   25.000   

Gregory O’Connell

   250.000   

George Spanakos

   75.000   

William Vitale

   20.000   

Joseph A. Vitale

   20.000   

Ann C. Vitale

   20.000   

Robert Steele

   50.000    159.375

E. Philip Saunders

   300.000   

Daniel Hogan

   276.500   
   6,250.000    12,750.000


SCHEDULE B

American Rock Salt Holdings LLC Members

 

Member

   Class A Units    Class F Units

G.E. Capital Corporation

   1,250.000   

Joseph G. Bucci

      3,952.500

Gunther K. Buerman

      4,122.075

Neil L. Cohen

      3,442.500

Charles L. VanArsdale

      387.325

Pamela VanArsdale

      15.000

Dr. Robert Dewey

      15.000

Greene 1998 Trusts

      10.000

Greene Family Trust

      10.000

Thomas Terry, Jr.

   1,000.000    318.750

Raymond Martel

      159.375

Donald B. Holman

      61.200

Salt of the Earth, LLC

      96.900

C&C Salt, LLC

   1,012.500   

Dolomite Products Co., Inc.

   1,250.000   

Kevin Szanyi

   13.000   

Patrick Maxwell

   13.000   

Estate of Jacqueline Harris

   25.000   

C. Wesley Gregory, III

   62.500   

William L. Dorr

   25.000   

Robert C. Scutt

   12.500   

William M. O’Connor

   12.500   

Philip G. Spellane

   12.500   

John W. Clarke

   25.000   

I.C. Shah

   75.000   

Charles Littlefield

   25.000   

O’Connell Electric Company

   250.000   

ARSC LLC

   150.000   

John Mooney

   25.000   

Gregory O’Connell

   250.000   

George Spanakos

   75.000   

William Vitale

   20.000   

Joseph A. Vitale

   20.000   

Ann C. Vitale

   20.000   

Robert Steele

   50.000    159.375

E. Philip Saunders

   300.000   

Daniel Hogan

   276.500   
   6,250.000    12,750.000