
- The execution of a definitive agreement (the “Definitive Agreement”);
- The approval of all matters and documentation in support of the Transaction including and without limitation, the Shareholders’ Approvals;
- The receipt of all necessary regulatory and third party approvals, including the acceptance of the Exchange, and compliance with all applicable regulatory requirements and conditions in connection with the Transaction;
- The completion of the Private Placement;
- The appointment of a qualified sponsor, if required by the Exchange;
- The confirmation of the representations and warranties of each party to the Definitive Agreement as set out in such agreement;
- The delivery of standard completion documentation; and
- Other conditions precedent customary for securities exchange transactions similar to the Transaction.
- The completion of a satisfactory due diligence review of the Company, its financial condition, operations, assets and liabilities, by Sona and its professional advisors; and
- The completion of the Consolidation of the Company.
- The completion of a satisfactory due diligence review of Sona by the Company and its professional advisors; and
- The receipt and review of audited financial statements of Sona by the Company.