The Buyer’s Closing obligations. At the Closing, the Buyer shall
The Buyer’s Closing obligations. At the Closing, the Buyer shall deliver to Seller (a) the Purchase Price; (b) certified copies of the resolutions of the board of directors of the Buyer approving the transactions contemplated by this Agreement including the appointment of such officers and directors of Buyer as directed by Seller effective at the Closing; (c) duly executed bills of sale and assignment, and such other documents or instruments of conveyance, transfer or assignment, as are necessary or reasonably appropriate to vest or confirm in the Buyer all of Seller's right, title and interest in and to all of the Assets, all of which documents shall be in form and substance reasonably satisfactory to counsel for the Buyer; (d) good standing certificates from Nevada and any other jurisdiction in which Buyer is required to be qualified to engage in business; and, (e) copies of Buyer's Tax Returns.
The Buyer’s Closing obligations. At the Closing, the Buyer shall deliver to Seller (a) the Purchase Price; (b) certified copies of the resolutions of the board of directors of the Buyer approving the transactions contemplated by this Agreement including the appointment of such officers and directors of Buyer as directed by Seller effective at the Closing; (c) duly executed bills of sale and assignment, and such other documents or instruments of conveyance, transfer or assignment, as are necessary or reasonably appropriate to vest or confirm in the Buyer all of Seller’s right, title and interest in and to all of the Assets, all of which documents shall be in form and substance reasonably satisfactory to counsel for the Buyer; (d) good standing certificates from Nevada and any other jurisdiction in which Buyer is required to be qualified to engage in business; (e) copies of Buyer’s Tax Returns, (f) the resignation of KM as an officer of Buyer, effective at Closing, and (g) the resignation of KM as a director of Buyer, such resignation to be effective at such time as determined by Seller, but in all events not more than three months after the Closing Date.
The Buyer’s Closing obligations. 9.3.1 At Closing the Buyer shall: (a) pay to the Seller in cash by same day electronic transfer to such account as the Seller shall notify to the Buyer for such purpose an amount in United States dollars that is equal to the Closing Payment; and 29 (b) pay to the Seller in cash by same day electronic transfer to such account as the Seller shall notify to the Buyer for such purpose an amount in United States dollars that is equal to cash amounts agreed in accordance with Clause 5.1.3.
The Buyer’s Closing obligations. At the Closing, the Buyer-shall deliver to Sellers (a) the Purchase Price; (b) certified copies of the resolutions of the board of directors of the Buyer approving the transactions contemplated by this Agreement including the appointment of such officers and directors of Buyer as directed by Sellers effective at the Closing; (c) duly executed bills of sale and assignment, and such other documents or instruments of conveyance, transfer or assignment, as are necessary or reasonably appropriate to vest or confirm in the Buyer all of Sellers’ right, title and interest in and to all of the Assets, all of which documents shall be in form and substance reasonably satisfactory to counsel for the Buyer; (d) good standing certificates from Nevada and any other jurisdiction in which Buyer is required to be qualified to engage in business; and, (e) copies of Buyer’s Tax Returns; (e) have reverse split its shares of common stock on a 1 for 2½ basis; and, (f) increased its authorized shares of common stock from 45,000,000 shares of common stock to 195,000,000 shares of common stock with a par value of $0.001 per shares.
