Common use of Documents at Closing and the Closing Clause in Contracts

Documents at Closing and the Closing. 7.1 Documents at Closing At the Closing, the following transactions shall occur, all of such transactions being deemed to occur simultaneously: (a) IMMUNOTECH will deliver, or will cause to be delivered, to ITSI the following: (i) a certificate executed by the President and Secretary of IMMUNOTECH to the effect that all representations and warranties made by IMMUNOTECH under this Agreement are true and correct as of the Closing, the same as though originally given to ITSI on said Date; (ii) a certificate from the State of Nevada Dated at or about the Closing to the effect that IMMUNOTECH is validly existing under the laws of said State; (iii) stock certificates representing those shares of IMMUNOTECH to be cancelled and exchanged for the Merger Shares. (iv) all other items, the delivery of which is a condition precedent to the obligations of ITSI, as set forth in Section 4. (b) ITSI and ITSI will deliver or cause to be delivered to IMMUNOTECH and the IMMUNOTECH Security Holders: (i) a certificate from ITSI executed by the President or Secretary of ITSI, to the effect that all representations and warranties of ITSI and ITSI made under this Agreement are true and correct as of the Closing, the same as though originally given to IMMUNOTECH on said Date; (ii) certified copies of resolutions by ITSI and ITSI Board of Directors authorizing this transaction; (iii) certificates from the Delaware Secretary of State Dated at or about the Closing Date that ITSI and ITSI are in good standing under the laws of said State; and (iv) all other items, the delivery of which is a condition precedent to the obligations of IMMUNOTECH, as set forth in Section 4 hereof.

Documents at Closing and the Closing. 7.1 Documents at Closing At the Closing, the following transactions shall occur, all of such transactions being deemed to occur simultaneously: (a) IMMUNOTECH AXIS CA will deliver, or will cause to be delivered, to ITSI AXIS DELAWARE the following: (i) a certificate executed by the President and Secretary an Officer/Director of IMMUNOTECH AXIS CA to the effect that all representations and warranties made by IMMUNOTECH AXIS CA under this Agreement are true and correct as of the Closing, the same as though originally given to ITSI AXIS DELAWARE on said Date; (ii) a certificate from the State of Nevada AXIS CA Dated at or about the Closing to the effect that IMMUNOTECH AXIS CA is validly existing under the laws of said State; (iii) Common stock certificates representing those shares the Common stock of IMMUNOTECH AXIS CA to be cancelled and exchanged for the Merger AXIS DELAWARE Shares. (iv) all other items, the delivery of which is a condition precedent to the obligations of ITSIAXIS DELAWARE, as set forth in Section 4. (b) ITSI and ITSI AXIS DELAWARE will deliver or cause to be delivered to IMMUNOTECH and the IMMUNOTECH Security HoldersAXIS CA: (i) a certificate from ITSI AXIS DELAWARE executed by the President or Secretary of ITSIAXIS DELAWARE, to the effect that all representations and warranties of ITSI and ITSI AXIS DELAWARE made under this Agreement are true and correct as of the Closing, the same as though originally given to IMMUNOTECH AXIS CA on said Date; (ii) certified copies of resolutions by ITSI and ITSI AXIS DELAWARE Board of Directors authorizing this transaction; (iii) certificates from the Delaware AXIS DELAWARE Secretary of State Dated at or about the Closing Date that ITSI and ITSI AXIS DELAWARE are in good standing under the laws of said State; and (iv) all other items, the delivery of which is a condition precedent to the obligations of IMMUNOTECH, as set forth in Section 4 hereof.