SEPARATION AGREEMENT Dated as of , 2006 Between EXTENDICARE INC. and ASSISTED LIVING CONCEPTS, INC.Separation Agreement • September 12th, 2006 • Assisted Living Concepts Inc • Services-nursing & personal care facilities • New York
SEPARATION AGREEMENT dated as of , 2006 (this “Separation Agreement”), between EXTENDICARE INC., a corporation organized under the laws of Ontario, and Assisted Living Concepts, Inc., a corporation organized under the laws of Nevada and, prior to the Separation, a wholly owned subsidiary of Extendicare.
ARRANGEMENT AGREEMENTArrangement Agreement • September 12th, 2006 • Assisted Living Concepts Inc • Services-nursing & personal care facilities • Ontario
WHEREAS the board of directors of Extendicare has approved and agreed to effect, subject to obtaining approval of Extendicare’s Shareholders at the Meeting, a statutory plan of arrangement under Section 192 of the CBCA on the terms and conditions set out in this Agreement and the Plan of Arrangement annexed hereto as Exhibit 1;
