AGREEMENT AND PLAN OF MERGER among DIAMOND RESORTS, LLC, DRS ACQUISITION CORP. and SUNTERRA CORPORATION AGREEMENT AND PLAN OF MERGERMerger Agreement • March 12th, 2007 • Sunterra Corp • Real estate dealers (for their own account) • Maryland
AGREEMENT AND PLAN OF MERGER, dated as of March 9, 2007 (the “Agreement”), among Sunterra Corporation, a Maryland corporation (the “Company”), Diamond Resorts, LLC, a Nevada limited liability company (“Parent”), DRS Acquisition Corp., a Maryland corporation and an affiliate controlled by Parent (“Purchaser”) and Stephen J. Cloobeck (“Cloobeck”) (solely for purposes of Section 8.03(d) hereof).
