Representations and Warranties of GPI and the Selling Shareholders. As a material inducement to Aquagenix to enter into and perform this Agreement and complete the purchase of the GPI Shares, GPI and the Selling Shareholders, jointly and severally make the representations and warranties set forth in this Section 4, intending Aquagenix to rely, and acknowledging that Aquagenix is relying, on such representations and warranties in executing this Agreement and entering into the transactions contemplated hereby: 4.1 Organization and Corporate Authority. GPI is a corporation duly organized,validly existing and in good standing under the law of the State of Georgia withfull corporate power and authority to own or lease and use its properties and assets, andto carry on its business as now conducted. GPI is qualified as a foreign corporation to do business in every other jurisdiction where such qualification is necessary to conduct its business as presently conducted. 4.2
