Representations and Warranties of the 2015 Committee. The 2015 Committee represents and warrants that it (i) is a non-profit public benefit corporation serving a charitable purpose and duly organized, validly existing, and in good standing in the State of California; (ii) has been organized for the purpose described in this MOU and has obtained tax exempt status as a 501(c)(3) nonprofit public benefit corporation; (iii) it has all the requisite power and authority to execute, deliver, and perform this agreement; and (iv) has taken all necessary action to approve and execute this agreement.
