GAIA » Topics » (a) Authorization of the Documents.

This excerpt taken from the GAIA 8-K filed Aug 9, 2005.

(a)           Authorization of the Documents.

 

Revolution Living has the requisite power and authority (corporate or otherwise) to execute, deliver and perform the Documents to which it is a party and the transactions contemplated thereby, and the execution, delivery and performance by Revolution Living of the Documents to which it is a party have been duly authorized by all requisite action by Revolution Living and each such Document, when executed and delivered by Revolution Living, constitutes a legal, valid and binding obligation of Revolution Living, enforceable against Revolution Living in accordance with its terms, subject to applicable bankruptcy, insolvency, reorganization, fraudulent conveyance, moratorium or other similar Applicable Laws affecting creditors’ rights and remedies generally, and subject, in the case of enforceability, to general principles of equity (regardless of whether enforcement is sought in a Proceeding at law or in equity).

 

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