AGREEMENT AND PLAN OF MERGER Dated as of August 4, 2006 among ARROW CAPITAL US INC., ARROW SUBSIDIARY CORPORATION, DELEK GROUP LTD. (only for purposes of Section 8.8 hereof) and REPUBLIC COMPANIES GROUP, INC.Merger Agreement • August 4th, 2006 • Republic Companies Group, Inc. • Fire, marine & casualty insurance • New York
Contract Type FiledAugust 4th, 2006 Company Industry JurisdictionAGREEMENT AND PLAN OF MERGER, dated as of August 4, 2006 (this “Agreement”), among ARROW CAPITAL US INC., a Delaware corporation (“Arrow”), ARROW SUBSIDIARY CORPORATION, a Delaware corporation and a wholly-owned subsidiary of Arrow (“Merger Sub”), DELEK GROUP LTD., a corporation organized under the laws of Israel (“Arrow Parent”) (only for purposes of Section 8.8 hereof), and REPUBLIC COMPANIES GROUP, INC., a Delaware corporation (“Republic”).