Distribution of Assets.  In the event of dissolution or final liquidation of ERAPPA, the Board of Directors shall, after paying or making provision for the payment of all the lawful debts and liabilities of ERAPPA, distribute all the assets of the ERAPPA to one or more of the following categories of recipients as the Board of Directors of ERAPPA shall determine:

1.   A nonprofit organization or organizations which may have been created to succeed ERAPPA, as long as such organization or each of such organizations shall then qualify as a governmental units under section 270(c) of the Internal Revenue Code of 1986 or as an organization exempt from federal income taxation under section 501(a) or such code as an organization described in section 501(c)(3) of such Code; and/or

2.   A nonprofit organization or organizations having similar aims and objects of ERAPPA and which may be selected as an appropriate recipient of such assets, as long as such organization or each of such organizations shall then qualify as a governmental unit under section 270(C) of the Internal avenue Code of 1986 or as an organization exempt from federal income taxation under section 501(c (3) of such Code.

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