REPRESENTATIONS AND WARRANTIES OF PIC AND THE PIC SHAREHOLDERS. For purposes of this Article III, references to the knowledge of PIC or the PIC Majority Shareholders shall mean matters within the actual knowledge of either PIC Majority Shareholder and matters which either PIC Majority Shareholder should have known after due investigation concerning the subjects discussed in this Article III. PIC and the PIC Majority Shareholders jointly and severally represent and warrant to MCCAC, except as set forth on the PIC Disclosure Statement to be attached as Exhibit F to this Agreement, as the same may be updated prior to Closing, that:
