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wnatever ac~-ount, as ~aell for stock subs~riFtions as all other
~ chcses oz~ ti:ir.~;~ i~ ~ciion, ~ct all and every other interest !
' oi cr :~e?an~inr~ to or c:ue to eittzar of the Constituent Corpara-
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i; tzcns, includinE;, wit~iout limitatinn, all ribhts, privile~;es ~
; and nowers as lessor under a~v existi*,~ leases, siiall be taken
~ and deeme~ to be trans~erred to anc3 s~all be vested in t'ie ~
Survivir.a Corgoration ~rithout further act or deed, and ~11 ~
suc~, : i~hts , arivi.le~es ,_r.o~~rers , ir.ununities and franchises , j
j pro~~erty, debts, choses or thin~;s in action, and all and every .
other ynterest of the !'onstituent Corparations shall be there- ~
aft~r as effactuaZly t`~e Yrooer~;~ of the 5urvivin~ Corporation ~
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as they ~~rer~e of the r~st~ective Constituent Corporations, and ;
the title to any real or otner property, or interest therein,
! whether vested L~r deed ar otherwise in either of the Constituent i
~ Coraorations, sha1l not revert or be in an~r way impaired by ;
i r~eason or the ner~er; but all ri~hts of creditors and all liens ;
upon any prc~perties each of the Constituent Cornoratians sha11 !
be preserved Lmii~~~aired Lut Zimited in lien to the pro~erty
I affected b}i such Iiens in~-~ediately prior to ~he effective date '
of the rrx~rs~er, and eac~: Cvnstituent Corporation may be deemed
to continue in existence in order to areserve the same, and
all de~ts, liabiliti~s, restrictions and duties of the respec-
tive Cons*itvent Cor~orations, includin~, without limitation, ;
~ all obli~ations, liabilit:es a*~d dut~es as lessee umder any ;
~ existin,a, 1Pase, sha1,1 thet~ceforth attach to the Surviving ~
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Corporation, ~nd r.~ay Se enforced a~ainst it to t':e sane extent i
~ as if said debts, Iiahilities, restri~tions and duties had j
1 been incurred or co, tracted by it. Except as herein otherWise j
specifically ret forth, the identity, existence, Yurposes, i
?owers, franchises, rights, ir,ir.»ities ~d liahilities of Union !
shall continue tmaffected and unimpaired by the Merger.
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"3.2 The Constituent Cor~orations he~eb~~ a~ree, re~pectively, i
~I that from time to tir~e, as and ~hen requested by the Survivine !
Corporati.on, ar by its sucessors ~nd assigns, they will execute
an~ deliver cr cause to be execute~ ar~~ delivere~~ all such ~
deeds and ot:~er instri,uaents, and will, take or cause to be taken ~
such further or other actior. as the Survivin~ Corporation,
its successors or assi~;r.s, ;na_y deem necessary or desirable
( in order to vest or ~erfect in or confiz*ra te, the Surviving
i! CorForation, its successors ~d assi~ns, ~itle to and possession
~ of ali the nro~~rty, ri=-hts, ~rivilp~es, ,~owers, inr~u~ities,
` franchises and znterests reFerre~? to in thi~ ARTICL~. III of
tflis A~ree,~:~t ancj ot~,erNise tc c~rr;T ntz~ the int~nt and ~ur-
' ~ose of this A~reer~ent.
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~ "3.3 The 'eftect~ve date of the ;^er~ar' sha11 be (and sucn
~ ! phrase as used herein ~hall r~~a.n ) the t~r:.e at which t^is
j Agreer~ent is tilerl b; f.fiior. in ~h~ offi ce of the Secretary
i of State ot the .~'.tate af C~lifornia. 5uch filin~ shall b?
nade as soon as _~racticable aft?r t:~e re^~uisite a~~raval bt~
the stocl;nolders of tile Co7~t~ tue~~t Cor:oratior.^ ~t ^eetir,~s
to be called ~nd helc~ as 7rcvide~ for ir. ~~TIC?,r VII ~:eron~ ~
i and cfter the fi~i~^ of t:~i ~~~~•ree,-,~~t :n ",e oFf ic~ ~i:.. I
t ~ecretarz: of State of t~,e ~tate ~r Gi:io, ar.~' u-~or. JG~I ~Jfaction
E or waiver of t~~e ccn~;i~ia~is set ~art^~r :~er~in to ±':e
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