TPTX » Topics » Valid Issuance

This excerpt taken from the TPTX 8-K filed Jun 12, 2006.
Valid Issuance. The Axonyx Common Stock to be issued in the Merger and the Axonyx Common Stock to be issued upon exercise of the Axonyx Merger Warrants to be issued in the Merger, will, when issued in accordance with the provisions of this Agreement and the Axonyx Merger Warrants be validly issued, fully paid and nonassessable.

 

Section 4.

CERTAIN COVENANTS OF THE PARTIES

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