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iamthe walrus

04/08/24 12:21 PM

#42527 RE: Gunny #42523

Matt Kappers had said that they just had a few Due Diligence items remaining ( section M ) which is the last section of a merger before close
Section L has obviously been completed on financial audits since Matt said they just have a few open due diligence items open .

Matt , " At this point, we have a few open due diligence items, and once those are completed, we'll move
towards closing. In addition to due diligence, we are working on transition items so the
integration between the two companies will be seamless "

So just a few probably means 3 or 4 of these listed below . We have to be getting close to the closing... I separated them to more easily view :

(m) Due Diligence. The completion of due diligence satisfactory to Parent, including, but not limited to
The examination of all books and records of the Company and the Operating Subsidiary

Any vendor agreements
Any marketing agreements
Any financial projections, business or marketing plans
Any letters of intent, memoranda of understanding, or potential agreement with marketing or other partners
Any licensing agreements, grant applications, grant notifications
Any intellectual property, current and proposed inventions, all work papers
Any trade secrets or any other material as reasonably necessary to conclude the transactions contemplated by this Agreement.

Matt from the call , " Further, we have nothing but praise for the Coreoptics
management team. They have and continue to be put to react to our due diligence requests, and
they consistently deliver more than we ask for.

Last thing they will do ..Section N
(n) Approvals.
The approval of this Agreement and the transactions contemplated herein by the Member, and its Board of Directors or
similar management of the Member and the Company ; and the Board of Directors of the Parent in accordance with whatever consents and approvals are
required by applicable law.

All other sections are after close