SNTA » Topics » Purchasers Conditions to Closing

These excerpts taken from the SNTA 10-K filed Mar 20, 2008.

Purchaser’s Conditions to Closing

 

The Purchaser’s obligation to purchase Shares at the Closing is subject to the fulfillment to its satisfaction on or prior to the Closing Date of each of the following conditions:

 

6.1           Representations and Warranties.  The representations and warranties contained in Section 3 shall be true, complete and correct on and as of the Closing Date with the same effect as though such representations and warranties had been made on and as of such date.

 

 

Portions of this Exhibit were omitted and have been filed separately with the Secretary of the Commission pursuant to the Company’s application requesting confidential treatment under Rule 24b-2 of the Securities Exchange Act of 1934.

 

 

Exhibit A-9



 

6.2           Performance.  The Company shall have performed and complied with all covenants, agreements and conditions contained herein required to be performed or complied with by it prior to or at the Closing Date.

 

6.3           Legal Investment.  At the time of the Closing, the purchase of the Shares shall be legally permitted by all laws and regulations to which the Purchaser and the Company are subject.

 

6.4           Proceedings and Documents.  All corporate and other proceedings in connection with the transactions contemplated hereby and all documents and instruments incident to such transactions shall be reasonably satisfactory in form and substance to the Purchaser and its counsel. Prior to the Closing, the Company shall have obtained all consents or waivers, if any, necessary to execute and deliver this Agreement, issue the Shares and to carry out the transactions contemplated hereby and thereby, and all such consents and waivers shall be in full force and effect.

 

6.5           Qualifications.  All other authorizations, approvals or permits if any, of any governmental authority or regulatory body of the United States or any state that are required prior to and in connection with the lawful issuance and sale of the Shares pursuant to this Agreement shall be effective on and as of the Closing Date.

 

Purchaser’s Conditions to Closing



 



The
Purchaser’s obligation to purchase Shares at the Closing is subject to the
fulfillment to its satisfaction on or prior to the Closing Date of each of the
following conditions:



 



6.1           Representations and Warranties.  The representations and warranties contained
in Section 3 shall be true, complete and correct on and as of the Closing
Date with the same effect as though such representations and warranties had
been made on and as of such date.



 



 



Portions of this Exhibit were omitted and
have been filed separately with the Secretary of the Commission pursuant to the
Company’s application requesting confidential treatment under Rule 24b-2 of the
Securities Exchange Act of 1934.



 



 



Exhibit A-9
















 



6.2           Performance.  The Company shall have performed and complied
with all covenants, agreements and conditions contained herein required to be
performed or complied with by it prior to or at the Closing Date.



 



6.3           Legal Investment.  At the time of the Closing, the purchase of
the Shares shall be legally permitted by all laws and regulations to which the
Purchaser and the Company are subject.



 



6.4           Proceedings and Documents.  All corporate and other proceedings in
connection with the transactions contemplated hereby and all documents and
instruments incident to such transactions shall be reasonably satisfactory in
form and substance to the Purchaser and its counsel. Prior to the Closing, the
Company shall have obtained all consents or waivers, if any, necessary to
execute and deliver this Agreement, issue the Shares and to carry out the
transactions contemplated hereby and thereby, and all such consents and waivers
shall be in full force and effect.



 



6.5           Qualifications.  All other authorizations, approvals or
permits if any, of any governmental authority or regulatory body of the United
States or any state that are required prior to and in connection with the
lawful issuance and sale of the Shares pursuant to this Agreement shall be
effective on and as of the Closing Date.



 



EXCERPTS ON THIS PAGE:

10-K (2 sections)
Mar 20, 2008
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