Authorization; Validity and Effect of Agreement. Each of CSI and Merger Sub has the requisite corporate power and corporate authority to execute and deliver this Agreement and all agreements and documents contemplated hereby and consummate the transactions contemplated hereby and thereby. Subject only to the approval of the amendment of CSI's articles of incorporation and the issuance of the CSI Preferred Stock pursuant to this Agreement and the transaction contemplated hereby by the holders of a majority of the outstanding CSI Shares, the consummation by CSI of the transaction contemplated hereby has been duly authorized by all requisite corporate action. This Agreement constitutes, and all agreements and documents contemplated hereby (when executed and delivered pursuant hereto for value received) will constitute, the valid and legally binding obligations of CSI, enforceable in accordance with their respective terms subject to applicable bankruptcy, insolvency, moratorium or other similar laws relating to creditors' rights and general principles of equity.
Appears in 5 contracts
Samples: Agreement and Plan of Merger (Coyote Sports Inc), Agreement and Plan of Merger (Warren Kenneth J), Agreement and Plan of Merger (Probst James M)
