All leases of real and personal property of the Company and Tcomt are described in Schedule 4.16, are in full force and effect and constitute legal, valid and binding obligations of the respective parties thereto enforceable in accordance with their terms, except as limited by bankruptcy, insolvency, reorganization, moratorium or similar laws relating to or affecting generally the enforcement of creditor's rights, and have not been assigned or encumbered.
No officer, director, shareholder or employee of the Company or Tcomt or any relative or spouse of any such person owns any patents or patent applications or any inventions, software, secret formulae or processes, trade secrets or other similar rights, nor is any of them a party to any license agreement, used by or useful to the Company or related to the Business except as listed in Schedule 4.17.
Tcomt (including for such purpose any Subsidiaries thereof listed on Schedule 4.6) is the only business organization through which the Business is conducted.
Other than its ownership of Tcomt shares, the Company has not conducted any business operations.
Schedule 4.25 also sets forth all product liability claims involving amounts in controversy in excess of $5,000 that are currently either pending or, to the best of the Seller's and the Company's knowledge, threatened against the Company or Tcomt.