Common use of Corporate Action; Binding Effect Clause in Contracts

Corporate Action; Binding Effect. NeoSan represents and warrants that (i) NeoSan has duly and properly taken all action required by law, its organizational documents, or otherwise, to authorize the execution, delivery, and performance of this Agreement and the other instruments to be executed and delivered by it pursuant hereto and thereto and the consummation of the transactions contemplated hereby and thereby; and (ii) this Agreement has been duly executed and delivered by NeoSan and constitutes, and the other instruments contemplated hereby when duly executed and delivered by NeoSan will constitute legal, valid, and binding obligations of NeoSan enforceable against it in accordance with its respective terms, except as enforcement may be affected by bankruptcy, insolvency, or other similar laws.