The Original. Financial Statements fairly represent the Group’s financial condition and operations during the relevant financial period.
The Original. Financial Statements fairly present the consolidated financial position of the Target Group as of their respective dates or, as applicable, during the relevant period to which they refer (except that the September 2001 management accounts are subject to normal year-end adjustments which are not likely to be materially adverse to the Target Group taken as a whole).
The Original. Employment Agreement and Employee's employment pursuant thereto are hereby terminated, without any further action by any of the parties, effective upon the consummation of the initial public offering of common stock, $.0001 par value, of Advanced Communications Group, Inc. (the "Offering"). The parties agree that Employee shall not be entitled to any compensation or benefits whatsoever as a result of his termination other than payment of his salary of $1,000 per month accrued through the date of termination. Accordingly, the parties agree that upon such termination, Employee shall be deemed to have released and waived all his claims, contingent or matured, known or unknown against Acquisition Subsidiary or Corp. under the Original Employment Agreement, except for any claims for unpaid salary accrued prior to the termination of the Original Employment Agreement and his employment.
The Original. Shareholders have a full and exclusive right to own and dispose of any equity interest of Yuanbo Education to be transferred to Noah pursuant to this Agreement; there is no security interest or third party interest, nor third party claim or encumbrance over or in respect of the equity interest to be transferred.