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3.

Not

materially

amend

or

modify

their

articles

of

incorporation

or

h.

bylaws. [FAS 164, paragraph A22, sequence 123.1.7.3] During the first three years after the combination, Charity E will do the following: [FAS 164, paragraph A22, sequence 123.1.8]

i.

1.

2.

3.

4.

5.

The

Use the business model (direct-services based) to increase its capacity for making sustained change to address key social needs. [FAS 164, paragraph A22, sequence 123.1.8.1] Fund and maintain no less than four geographic sites, with one in County, to allow for community involvement in campaign, community impact programs, marketing, and public policy. [FAS 164, paragraph A22, sequence 123.1.8.2] Fund and maintain the financial and program commitments of both of the consolidating charities to their respective grantee agencies, subject to available funding. [FAS 164, paragraph A22, sequence 123.1.8.3] Strive to expand Brand Name program of Charity D and its strategies throughout Charity E’s service area. Given the success of that program, its current staff will be given full opportunity and consideration to lead the Brand Name program for Charity E. [FAS 164, paragraph A22, sequence 123.1.8.4] Not reduce significantly the current staff of the charities. It is understood that reassignments or realignments are probable. Any reductions of the staff of Charity D will be made in consultation with its former chief executive officer, who will become the vice president for program services and strategic development of Charity E. [FAS 164, paragraph A22, sequence 123.1.8.5] obligations of Charity D, which are outlined in the memorandum of

understanding, are subject to obligations of Charity C, which

approval by its board of directors. The also are outlined in the memorandum of

understanding, are subject to approval by 164, paragraph A22, sequence 123.1.9]

its

executive

committee.

[FAS

958-805-55-25 The following table summarizes certain facts for each of the combining charities and the initial staffing of the combined Charity E. [FAS 164, paragraph A23, sequence 124.1]

34

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