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chase money security arrangement with respect to pro-
. perties., real or personal, hereafter acquired by the
CO?IP4NY; , (
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2.2 Enter into any merger or consolidation with any
other party, or lease or sell all or substantially
all of its assets or business; ~
2.3 Retire, purchase or redeem any capital stock of
the CO~1PA~vY now or hereafter issued and outstanding;
2.4~ Reclassify, reorganize, recapitalize or in any
way change the present capital and stock structure
_ of the COtiiPANY, or issue any addition shares of -
stock of the CO,HPANY;
~ 2.5 Dissolve or liquidate the CONiPANY unless Lhe
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conditions and provisions in Paragraph 4 of the a
.i
~ Agreement of Sale dated ~((M~ 1974
' are fully complied with and met;~
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.2.6 Pay compensation or reimburse expenses to the ~
officers of the COMPaNY which in the aggregate are - ~
~ more than the total amount of compensation and re- ;
f ,
E imbursed expenses paid to the officers of the COM- ~
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f PANY with respect to the last fiscal year of the
~ CO~iPANY ic~mediately preceding ~the date hereof.
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~ Tn the event of default in the payment of an}~ installment of intet-
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~ est or principal, or in the event of default in the performance of any ;
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~ other of the covenants and conditions of this note, and the continuance
of such default after thirty (30) days written notice thereof to the un-
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~ dersigned, or in the event the undersigned or the COMPANY be the subject
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~ BOOK ~~JU PAGE 319 ?
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