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chase money security azrangement with respect to pra-
perties, real or pers~:~al, hereafteY acquired by the
CO~IPANY; ,
2.2 Enter into any mc:ger or consolidation with any
other party, or lease ~r sell all or substantially
all of its assets or tusiness;
2.3 Retire, purchase or redeem any capital stock of
the CU?1PANY now or hereafter issued and outstanding;
2.4 Reclassify, reorganize,.recapitalize or in any
way change the present capital and stock structure
. of the COI~IPA?~]Y, or issne any ~addition shares of -
stock of the COWPANY;
2.5 Dissolve or liqu°_date the COMPANY unless the
conditions and provis_ons in Paragraph 4 of the
~ Agree~nent of Sale dated ~(?~p 1974
' are fully complied wi~h and met;
_2.6 Pay compensation or reimburse expenses to the -
officers of the COMPPi~Y which in the aggregate are
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more than the total a.._ount of compensation and re-
4 imbursed expenses paid to the officers of the COM-
F -
~
~ -
~ PANY with respect to :he last fiscal year of the
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~ CO~IPAI`TY iocaediately p=eceding ~the date hereof.
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~ In the event of default in the ~ayment of any installment of inter-
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~ est or principal, or in the event of ~efault 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 ~,rritten notice thereof to the un-
,
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3 dersigned, or in the event the under~igned or the COMPANY be the subject :
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