Document:

PLAN OF MERGER OF

Exhibit 10.3

 

PLAN

OF MERGER OF

 

CPB

PROPERTIES, INC.

 

WITH

AND INTO

 

CENTRAL

PACIFIC BANK

 

                THIS

PLAN OF MERGER is made and entered this          day of October, 2001, by and between CPB PROPERTIES, INC.

(ACPB PROPERTIES@), a corporation organized and existing under the laws of the

State of Hawaii (CPB PROPERTIES being hereinafter sometimes referred to as the

AMerging Corporation@) and CENTRAL PACIFIC BANK (ACPB@), a corporation

organized and existing under the laws of the State of Hawaii (CPB being hereinafter

sometimes referred to as the ASurviving Corporation@), said two corporations

being hereinafter sometimes referred to collectively as the “Constituent

Corporations”;

 

                WHEREAS,

CENTRAL PACIFIC BANK owns at least ninety percent (90%) of the issued and outstanding

stock of CPB PROPERTIES;

 

                WHEREAS,

the Board of Directors and Shareholders of each of the Constituent Corporations

deem it advisable and in the best interests of the Constituent Corporations

that CPB PROPERTIES be merged with and into CPB, with CPB being the Surviving

Corporation, under and pursuant to the laws of the State of Hawaii and on the

terms and conditions set forth herein;

 

                NOW

THEREFORE, the parties hereto agree as follows:

 

ARTICLE

1.  MERGER

 

                1.1           CPB PROPERTIES shall be merged with

and into CPB in accordance with the laws of the State of Hawaii.  The separate corporate existence of CPB

PROPERTIES shall thereby cease, and CPB shall be the Surviving Corporation.

 

                1.2           The name which the Surviving

Corporation is to have after the merger shall be ACentral Pacific Bank@.

 

                1.3           On the Effective Time (as defined in

Section 2.1 below), the separate existence of the Merging Corporation shall

cease.  Except as herein otherwise

specifically set forth, from and after the Effective Time, the Surviving

Corporation shall possess all of the rights, privileges, immunities and

franchises, to the extent consistent with its Articles of Incorporation, of the

Constituent Corporations.  All the

rights, privileges, powers and franchises of the Merging Corporation, of a

public as well as of a private nature, and all property, real, personal and

mixed of the Merging Corporation, and all debts due on whatever account to it,

including all choses in action and all and every other interest of or belonging

to it, shall be taken by and deemed to be transferred to and vested in the

Surviving Corporation without further act or deed; and all such property,

rights, privileges, immunities and franchises, of a public as well as of a

private nature,

                5.2           This Plan embodies the entire

agreement between the parties hereto and there are no agreements,

understandings, restrictions or warranties between the parties hereto other

than those set forth herein or herein provided for.

 

                IN

WITNESS WHEREOF, this Plan has been signed by the duly authorized officers of

the Constituent Corporations pursuant to the authorization by the Board of

Directors and Shareholders of the Constituent Corporations, all as of the day

and year first above written.

 

	

  CENTRAL PACIFIC BANK

  	

  CPB PROPERTIES, INC.

  
	

   

  	

   

  	

   

  	

   

  
	

   

  	

   

  	

   

  	

   

  
	

   

  	

   

  	

   

  	

   

  
	

  By:

  	

  /s/Joichi Saito

  	

   

  	

  By:

  	

  /s/Naoaki Shibuya

  
	

   

  	

  JOICHI SAITO

  	

   

  	

  NAOAKI SHIBUYA

  
	

   

  	

  Its Chairman and Chief

  Executive Officer

  	

   

  	

  Its President

  
					

 

 

	

  www.BusinessRegistration.com

  

  Nonrefundable Filing Fee: $100.00

  	

  FORM

  DC-9

  7/2001

  [Barcode]

  

STATE

OF HAWAII

DEPARTMENT OF COMMERCE AND CONSUMER AFFAIRS

Business Registration Division

1010

Richards Street

Mailing

Address:  P.O. Box 40, Honolulu, Hawaii

96810

 

 

ARTICLES OF MERGER

(Subsidiary

into Parent)

(Section

414-314, Hawaii Revised Statutes)

 

 

PLEASE

TYPE OR PRINT LEGIBLY IN BLACK INK

 

The undersigned, duly authorized officers of

the corporation submitting these Articles of Merger, certify as follows:

 

	

  1.

  	

  The name and state of

  incorporation of the parent or surviving corporation is:

  
	

   

  	

  CENTRAL

  PACIFIC BANK

  	

   

  	

  HAWAII

  
	

   

  	

  (Type/Print

  Corporate Name)

  	

   

  	

  (State)

  
	

   

  	

   

  	

   

  	

   

  
	

  2.

  	

  The name and state of

  incorporation of the merging or subsidiary corporation is:

  
	

   

  	

  CPB

  PROPERTIES, INC.

  	

   

  	

  HAWAII

  
	

   

  	

  (Type/Print

  Corporate Name)

  	

   

  	

  (State)

  
	

   

  	

   

  	

   

  	

   

  
	

  3.

  	

  The surviving corporation

  owns at least 90% of the issued and outstanding shares of the merging

  corporation.

  
	

   

  	

   

  	

   

  	

   

  
	

  4.

  	

  The Plan of Merger has

  been approved by the board of directors of the surviving corporation.

  
	

   

  	

   

  	

   

  	

   

  
	

  5.

  	

  A copy of the Plan of

  Merger was mailed to all of the shareholders of the subsidiary corporation

  on:

  	

   

  
	

   

  	

  N/A (all shareholders waived mailing in writing)

  	

   

  	

   

  	

   

  
	

   

  	

  (Month          Day          Year)

  	

   

  	

   

  	

   

  
	

   

  	

   

  	

   

  	

   

  	

   

  
	

  6.

  	

  Outstanding shares of each

  class of the subsidiary corporation and shares of each class owned by the

  surviving corporation:

  

 

	

  Number of Outstanding Shares of the Subsidiary Corporation

  	

   

  	

  Class/Series

  	

   

  	

  Number of Outstanding Shares of the Subsidiary, owned by

  the Parent Corporation

  
	

  190,000

  	

   

  	

  Common

  	

   

  	

  190,000

  

 

	

  7.

  	

  The merger is effective on

  the date and time of filing the Articles of Merger or at a later date and

  time, no more than 30 days after the filing, if so stated.  Check one of the following statements:

  
	

   

  	

   

  	

   

  	

   

  
	

   

  	

  o  

  	

  Merger is effective on the

  date and time of filing the Articles of Merger.

  
	

   

  	

   

  	

   

  	

   

  
	

   

  	

  ý 

  	

  Merger is effective on

  October 31, 2001, at 4:59p.m., Hawaiian Standard Time, which date is not

  later than 30 days after the filing of the Articles of Merger.

  
	

   

  	

   

  
					

 

 

 

 

	

  We certify under the

  penalties of Section 414-20, Hawaii Revised Statutes, that we have read the

  above statements and that the same are true and correct.

  
	

   

  
	

  Signed this 29 day of

  October, 2001

  
	

   

  
	

  Parent or Surviving

  corporation:

  	

  Central

  Pacific Bank

  
	

   

  	

  (Type/Print

  Corporate Name)

  
	

   

  	

   

  	

   

  
	

  Joichi

  Saito, Chairman and CEO

  	

   

  	

  Naoaki

  Shibuya, President and COO

  
	

  (Type/Print

  Name & Title)

  	

   

  	

  (Type/Print

  Name & Title)

  
	

   

  	

   

  	

   

  
	

  /s/Joichi Saito

  	

   

  	

  /s/Naoaki Shibuya

  
	

  (Signature

  of Officer)

  	

   

  	

  (Signature

  of Officer)

  
				

 

 

 

 

 

Instructions:  Articles of Merger must be typewritten or printed in black ink, and must be legible. 

The articles must be signed by at lease one officer of the parent or

surviving corporation.  All signatures

must be in black ink.  Submit original articles together with the

appropriate fee.

 

 

	

  Line 1.

  	

   

  	

  State the full name of the

  parent or surviving corporation and its state of incorporation.

  
	

   

  	

   

  	

   

  
	

  Line 2.

  	

   

  	

  State the full name of the

  subsidiary or merging corporation and its state of incorporation.

  
	

   

  	

   

  	

   

  
	

  Line 5.

  	

   

  	

  Give the month, day and

  year that a copy of the Plan of Merger was mailed to the shareholders of the

  subsidiary corporation.

  
	

   

  	

   

  	

   

  
	

  Line 6.

  	

   

  	

  Complete the information

  for the number of outstanding shares of each class of the subsidiary

  corporation and the number of shares owned by the surviving corporation.

  
	

   

  	

   

  	

   

  
	

  Line 7.

  	

   

  	

  Check whether the merger

  is effective on the date and time of filing the Articles of Merger with the

  Department of Commerce and Consumer Affairs, State of Hawaii, or effective on

  a future date.  If a future date is

  selected, state the effective date and time, which cannot be more than 30

  days after the filing of the Articles of Merger.

  

 

 

 

Filing Fees:           Filing

fee ($100.00) is not refundable.  Make checks payable to DEPARTMENT OF COMMERCE AND CONSUMER

AFFAIRS.  Dishonored Check ($15 fee plus

interest charge).

 

 

 

NOTICE: 

THIS MATERIAL CAN BE MADE AVAILABLE FOR INDIVIDUALS WITH SPECIAL

NEEDS.  PLEASE CALL THE DIVISION

SECRETARY, BUSINESS REGISTRATION DIVISION, DCCA, AT 586-2744, TO SUBMIT YOUR

REQUEST.www

 

	

   

  	

  Exhibit 10.4

   

  
	

  www.BusinessRegistrations.com

  

  Nonrefundable Filing Fee: $20.00

  	

  FORM LP-4

  1/2001

  [Barcode]

  

 

STATE OF HAWAII

DEPARTMENT OF COMMERCE AND CONSUMER AFFAIRS

Business Registration Division

1010

Richards Street

Mailing

Address:  P.O. Box 40, Honolulu, Hawaii

96810

 

	

  FILED 

  	

  10/29/2001 03:27 PM

  	

   

  	

   

  
	

  Business

  Registration Division

  	

   

  	

   

  
	

  DEPT. OF

  COMMERCE AND CONSUMER AFFAIRS

  	

   

  [State

  Seal]

  	

   

  
	

  State of

  Hawaii

  	

   

  	

   

  

 

 

CERTIFICATE OF CANCELLATION OF LIMITED PARTNERSHIP

(Section

4250-203, Hewitt Revised Statutes)

 

PLEASE

TYPE OR PRINT LEGIBLY IN BLACK INK

 

	

  1.

  	

  The name of the domestic

  limited partnership is:

  
	

   

  	

  CKSS

  ASSOCIATES

  
	

   

  	

   

  	

   

  	

   

  
	

  2.

  	

  The Certificate of Limited

  Partnership was filed on:

  	

  July

  10, 1981

  
	

   

  	

   

  	

  (Month                 Day                 Year)

  
	

   

  	

   

  
	

  3.

  	

  The reason for filing this

  Certificate of Cancellation is:

  	

  Limited partnership form

  is no longer needed because general

  
	

   

  	

  partnership interest and

  limited partnership interest are owned by the same entity.

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

   

  	

   

  	

   

  
	

  4.

  	

  Cancellation is effective

  on the date of filing or on a later date, not more than 30 days after the filing.  Check only one of the following

  statements:

  
	

   

  	

   

  
	

   

  	

  o

  	

  Cancellation is effective

  on the date and time of filing.

  
	

   

  	

   

  
	

   

  	

  ý

  	

  Cancellation is effective

  on

  	

  October

  31, 2001

  	

  , at 

  	

  5:00

  p

  	

  .m.,

  
	

   

  	

   

  	

  (Month                   Day                  Year)

  	

   

  
	

   

  	

   

  	

  Hawaiian Standard Time,

  which date is not later than 30 days after the filing of this Certificate of

  Cancellation.

  
											

 

We certify, under the penalties set forth in

Sections 425D-204 and 425D-1108, Hawaii Statutes, that we have read the above

statements and that the same are true and correct.

 

Signed this      29      day of          October          ,     2001     .

	

   

  	

   

  	

  Cental Pacific Bank

  	

   

  
	

   

  	

   

  	

   

  	

   

  
	

  CENTRAL PACIFIC BANK

  	

   

  	

  By:

  	

  /s/ Joichi Saito

  	

   

  
	

  (Type/Print

  Name of General Partner)

  	

   

  	

   

  	

  (Signature

  of General Partner)

  	

   

  
	

   

  	

   

  	

   

  	

  Joichi

  Saito, Its Chairman and Chief Executive Officer

  	

   

  
	

   

  	

   

  	

   

  	

   

  	

   

  
	

  (Type/Print

  Name of General Partner)

  	

   

  	

   

  	

  (Signature

  of General Partner)

  	

   

  
	

   

  	

   

  	

   

  	

   

  	

   

  
	

   

  	

   

  	

   

  	

   

  	

   

  
	

  (Type/Print

  Name of General Partner)

  	

   

  	

   

  	

  (Signature

  of General Partner)

  	

   

  
	

   

  	

   

  	

   

  	

   

  	

   

  
	

   

  	

   

  	

   

  	

   

  	

   

  
	

  (Type/Print

  Name of General Partner)

  	

   

  	

   

  	

  (Signature

  of General Partner)

  	

   

  
	

   

  	

   

  	

   

  	

   

  	

   

  
	

   

  	

   

  	

   

  	

   

  	

   

  
	

  (Type/Print

  Name of General Partner)

  	

   

  	

   

  	

  (Signature

  of General Partner)

  	

   

  
	

   

  	

   

  	

   

  	

   

  	

   

  
	

   

  	

   

  	

   

  	

   

  	

   

  
	

  (Type/Print

  Name of General Partner)

  	

   

  	

   

  	

  (Signature

  of General Partner)

  	

   

  

 

 

SEE INSTRUCTIONS ON REVERSE SIDE:  The certificate must be signed and certified

by all general partners.

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00036-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00036-of-00352.parquet"}]]