Common use of Conditions Precedent to the Transaction Clause in Contracts

Conditions Precedent to the Transaction. The completion of the Transaction and the RTO Transaction will be conditional on the satisfaction of the following conditions precedent: (a) the Parties receiving all necessary consents and approvals (including shareholder and regulatory approvals) as are desirable or required in connection with the RTO Transaction, including for the avoidance of doubt CSE regulatory approvals; (b) completion of the preliminary structuring steps, listed above in sections 4, 5 and 7; (c) drafting of all additional documentation and agreements in customary form required for this sort of transaction and with representation and warranties also customary for this sort of transaction to the satisfaction of the Parties; (d) completion of satisfactory due diligence on the business and operations of Canco and Blueberries and their respective operations and licenses by the Promoter and CDNM; and (e) The granting of the licenses pursuant to the Psychoactive Cultivation Application and the Manufacture Application.