Common use of Events Prior to Closing Clause in Contracts

Events Prior to Closing. Upon execution hereof or as soon thereafter as practical, management of King Capital and Biotex shall execute, acknowledge and deliver (or shall cause to be executed, acknowledged and delivered) any and all certificates, opinions, financial statements, schedules, agreements, resolutions rulings or other instruments required by this Agreement to be so delivered, together with such other items as may be reasonably requested by the parties hereto and their respective legal counsel in order to effectuate or evidence the transactions contemplated hereby, subject only to the conditions to Closing referenced herein below. In addition, prior to Closing, Biotex shall provide King Capital with updated audited financial statements to be filed with King Capital’s Form 8-K filing with the SEC within three (3) days of Closing.

Appears in 2 contracts

Sources: Stock Purchase Agreement and Share Exchange (Biotex Holdings, Inc.), Stock Purchase Agreement and Share Exchange (King Capital Holdings Inc)