Company: EHSI
Filing Date: 2025-09-29
Form Type: DEF 14A
Source: 0001437749-25-030001
Chunk: 70

Company: Elite Health Systems Inc.
Filing Date: 2025-09-29
Form: DEF 14A
Chunk 70
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 its obligations hereunder and thereunder, and the consummation by EHSI of the transactions contemplated hereby and thereby have been duly authorized by all requisite corporate action on the part of EHSI. This Agreement and each Transaction Document constitute legal, valid, and binding obligations of EHSI enforceable against EHSI in accordance with their respective terms. 11 Section 4.02 Capitalization. (a) Without giving effect to the issuance of the New EHSI Shares as contemplated under this Agreement, the authorized capital stock of the EHSI consists of 25,000,0000 shares of Common Stock, par value $.01 per share, 21,939,924 of which are issued and outstanding prior to giving effect to the issuance of the New EHSI Shares. All of the EHSI Shares currently outstanding have been duly authorized, are validly issued, fully paid and nonassessable. When issued and delivered in accordance with the terms of this Agreement, the New EHSI Shares shall be validly issued, fully paid and non-assessable shares of EHSI and the Shareholders shall own the New EHSI Shares, free and clear of all Encumbrances. (b) All of the EHSI Shares were issued in compliance with applicable Laws. None of the Company Shares were issued in violation of any agreement or commitment to which EHSI is a party or is subject to or in violation of any preemptive or similar rights of any individual, corporation, partnership, joint venture, limited liability company, Governmental Authority, unincorporated organization, trust, association, or other entity (each, a " Person"). (c) There are no outstanding or authorized options, warrants, convertible securities, stock appreciation, phantom stock, profit participation, or other rights, agreements, or commitments relating to the capital stock of EHSI or obligating EHSI to issue or sell any shares of, or any other interest in, the Company, other than as contemplated under this Agreement with respect to the New EHSI Shares or related to stock options to be granted pursuant to the 2025 Equity Incentive Plan and subject to stockholder approval. There are no voting trusts, shareholder agreements, proxies, or other agreements in effect with respect to the voting or transfer of any of the EHSI Shares. Section 4.03 No Conflicts; Consents.The execution, delivery, and performance by EHSI of this Agreement and the other Transaction Documents to which