REPRESENTATIONS AND WARRANTIES OF PRINCIPAL SHAREHOLDER AND LIVEDEAL. Principal Shareholder and LiveDeal hereby represent and warrant to YP and Merger Sub as of the date hereof as follows, except as otherwise set forth in the written disclosure schedules delivered to YP (the “LiveDeal Schedules”). The LiveDeal Schedules are numbered to correspond to the various sections and subsections of this Article 3 setting forth certain exceptions to the representations and warranties contained in this Article 3 and certain other information called for by this Agreement. No disclosure made in any particular LiveDeal Schedule shall be deemed made in any other LiveDeal Schedule unless (i) expressly made therein (by cross-reference or otherwise), or (ii) it is reasonably apparent on the face of such disclosure (without reference to the documents referenced therein) that such disclosure applies to such other representations and warranties). For purposes of this Agreement, “knowledge of LiveDeal” (or similar phrases) means the actual knowledge of the Chief Executive Officer and the Director of Human Resources, Finance & Administration of LiveDeal, provided that each of them shall have made reasonable inquiry with the employees of the company who report directly to them of such facts and matters represented.
