Common use of Business; Real Property; Material Agreements; Financial Information Clause in Contracts

Business; Real Property; Material Agreements; Financial Information. URSI has not conducted any business since the date of its inception, except in connection with this Agreement, the Other Agreements and the IPO of URSI Stock contemplated by Section 8.7. URSI does not own any real property or any material personal property and is not a party to any other agreement, except as listed on Schedule 6.9(a) and except that URSI is a party to the Other Agreements and the agreements contemplated thereby and to such agreements as will be filed as Exhibits to the Registration Statement. URSI was formed in 1997, and has historical financial statements only for the year ended December 31, 1997. Attached hereto as Schedule 6.9(b) are URSI's audited historical financial statements for the year ended December 31, 1997. Such URSI financial statements have been prepared in accordance with generally accepted accounting principles and present fairly the financial position of URSI as of the dates indicated thereon, and such financial statements present fairly the results of their respective operations for the periods indicated thereon. URSI has no material liabilities, accrued or contingent, other than those incurred in connection with this Agreement, the Other Agreements and the contemplated IPO of URSI Stock.