REPRESENTATIONS AND WARRANTIES OF FNB AND BUCKTAIL BANK. 3.1 Authority 4 3.2 Organization and Standing 5 3.3 No Subsidiaries 5 3.4 Capitalization 5 3.5 Articles of Incorporation, Bylaws and Minute Books 6 3.6 Financial Statements 6 3.7 Absence of Undisclosed Liabilities 6 3.8 Absence of Changes 6 3.9 Dividends, Distributions and Stock Purchases 6 3.10 Taxes 7 3.11 Title to and Condition of Assets 7 3.12 Contracts 7 3.13 Litigation and Governmental Directives 8 3.14 Compliance with Laws: Governmental Authorizations 8 3.15 Insurance 8 3.16 Financial Institutions Bond 8 3.17 Labor Relations 9 3.18 Employee Benefit Plans 9 3.19 Related Party Transactions 10 3.20 No Finder 10 3.21 Significant Customers 10 3.22 Complete and Accurate Disclosure 10 3.23 Beneficial Ownership of Sun Common Stock 11 3.24 Environmental Matters 11 3.25 Non-Registration Under the 1934 Act 13 3.26 Deposit Insurance 13
REPRESENTATIONS AND WARRANTIES OF FNB AND BUCKTAIL BANK. FNB and Bucktail Bank represent and warrant to Sun and Sun Bank as follows:
