Intellectual Property Rights and Information Technology. i. All the registered intellectual property rights (the “IPR”) used by the Group Companies to carry on the current business are either legally and fully owned or adequately licensed and legally used by the relevant Group Company. ii. None of the IPR necessary to carry on the current business of as currently conducted as the date hereof and/or used and/or owned by the Group Companies are subject to any (i) Encumbrance and
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