REPRESENTATIONS AND WARRANTIES REGARDING THE XXXXXX. X COMPANIES 9 3.1 Organization, Qualification and Corporate Power 9 3.2 Capitalization 9 3.3 Authority 10 3.4 No Conflicts 10 3.5 Financial Statements 10 3.6 Absence of Certain Changes 11 3.7 No Undisclosed Liabilities 13 3.8 Title to, Sufficiency and Condition of Assets 13 3.9 Accounts Receivable 13 3.10 Inventory 13 3.11 Real Property 14 3.12 Contracts 15 3.13 Intellectual Property 16 3.14 Tax 17 3.15 Legal Compliance 18 i Page 3.16 Litigation 19 3.17 Environmental 19 3.18 Employees 20 3.19 Employee Benefits 20 3.20 Customers and Suppliers 24 3.21 Transactions with Related Persons 24 3.22 Capital Expenditures 24 3.23 Insurance 24 3.24 No Brokers’ Fees 25 3.25 Xxxxxx’x Information 25 3.26 No Acceleration of Rights and Benefits 25 3.27 Disclosure 25 ARTICLE IV REPRESENTATIONS AND WARRANTIES REGARDING XXXXX AND MERGER SUB 25 4.1 Organization, Qualification and Corporate Power 26 4.2 Capitalization 26 4.3 Authority 26 4.4 No Conflicts 27 4.5 Financial Statements 27 4.6 Absence of Certain Changes 28 4.7 No Undisclosed Liabilities 29 4.8 Title to, Sufficiency and Condition of Assets 30 4.9 Accounts Receivable 30 4.10 Inventory 30 4.11 Real Property 30 4.12 Contracts 31 4.13 Intellectual Property 32 4.14 Tax 33 4.15 Legal Compliance 35 4.16 Litigation 35 4.17 Environmental 35 4.18 Employees 36 4.19 Employee Benefits 37 4.20 Customers and Suppliers 40 4.21 Transactions with Related Persons 40 4.22 Capital Expenditures 41 4.23 Insurance 41 4.24 No Brokers’ Fees 41 4.25 Xxxxx Information 41 4.26 No Acceleration of Rights and Benefits 41 4.27 Disclosure 42 ARTICLE V COVENANTS 42 5.1 Reasonable Best Efforts 42 5.2 Conduct of Business by Xxxxxx’x 42 5.3 Conduct of Business by Xxxxx 43 5.4 Regulatory Matters; Consents 46 Page
