Updated Financial Statements. Within 45 days of Merger Closing Date, NEC shall have delivered to DataMEG audited financial statements of NEC for the period ended on the Merger Closing Date and a representation that these financial statements fairly present in all material respects the financial position of NEC as of such date and the results of operations for the period covered thereby, and have been prepared in accordance with GAAP consistently applied throughout the periods indicated except for (i) normal year-end audit adjustments (which will not be material, individually or in the aggregate) and (ii) footnotes.)
Appears in 2 contracts
Sources: Merger Agreement (Datameg Corp), Merger Agreement (Datameg Corp)