Common use of Transfer of Assets Assumption of Liabilities Clause in Contracts

Transfer of Assets Assumption of Liabilities. 30 Section 2.03. Governmental Approvals; Consents. 31 Section 2.04. Termination of Agreements. 31 Section 2.05. HippoRx Distribution. 32 ARTICLE 3 SEPARATION OF ASSETS; DISTRIBUTION OF RHINORX Section 3.01. Timing of RhinoRx Distribution 33 Section 3.02. Transfer of Assets; Assumption of Liabilities. 33 Section 3.03. Governmental Approvals; Consents. 34 Section 3.04. Termination of Agreements. 35 Section 3.05. RhinoRx Distribution. 36 ARTICLE 4 ORGANIZATION OF NEWCO Section 4.01. Organization of Newco 36 Section 4.02. Directors and Officers of Newco 37 Section 4.03. Organization of Merger Subs 37 Section 4.04. Approvals of Hippo and Rhino 37 ARTICLE 5 THE MERGERS Section 5.01. The Hippo Merger. 37 Section 5.02. The Rhino Merger. 38 Section 5.03. Certificates of Incorporation; Bylaws. 38 Section 5.04. Directors and Officers 39

Transfer of Assets Assumption of Liabilities. 30 Section 2.03. Governmental Approvals; Consents. 31 Section 2.04. Termination of Agreements. 31 32 Section 2.05. HippoRx Distribution. 32 ARTICLE 3 SEPARATION OF ASSETS; DISTRIBUTION OF RHINORX Section 3.01. Timing of RhinoRx Distribution 33 Section 3.02. Transfer of Assets; Assumption of Liabilities. 33 Section 3.03. Governmental Approvals; Consents. 34 Section 3.04. Termination of Agreements. 35 Section 3.05. RhinoRx Distribution. 36 ARTICLE 4 ORGANIZATION OF NEWCO Section 4.01. Organization of Newco 36 Section 4.02. Directors and Officers of Newco 37 Section 4.03. Organization of Merger Subs 37 Section 4.04. Approvals of Hippo and Rhino 37 ARTICLE 5 THE MERGERS Section 5.01. The Hippo Merger. 37 Section 5.02. The Rhino Merger. 38 Section 5.03. Certificates of Incorporation; Bylaws. 38 Section 5.04. Directors and Officers 39