Daulton Capital Corp. (fka DUCP)

[skunksyard]

in the Share Purchase Agreement this statement could be in play

The Company and the purchaser shall take such corporate action(s) required by Company’s Articles of Incorporation and/or Bylaws to (a) appoint the below named persons to their respective positions, to be effective on the eleventh day following the Closing Date, and (b) obtain and submit to the Purchaser, together with all required corporate action(s) the resignation of the current board of directors, and any and all corporate officers and check signers as of the Closing Date.

a)
and this is the list of corporate officers submitted?

28.1 The Company and the purchaser shall take such corporate action(s) required by Company’s Articles of Incorporation and/or Bylaws to (a) appoint the below named persons to their respective positions, to be effective on the eleventh day following the Closing Date, and (b) obtain and submit to the Purchaser, together with all required corporate action(s) the resignation of the current board of directors, and any and all corporate officers and check signers as of the Closing Date.
Name Position
TBA Chairman
Arun Pudur President
Brian James Smith CEO
Arun Ramachandran Director
TBA CFO

http://www.implu.com/releases/2012/20120530/69120/implu_viewer?f=2



b)
is that how we should interpret these director resignations?

http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=8803236

On August 28th, 2012, Arun Pudur and Arun Ramachandran resigned their official positions as Directors of the Corporation. Mr. Brain Smith remains on the Board and is looking to fill these vacancies with qualified replacements.