Common use of Intellectual Property Clause in Contracts

Intellectual Property. Except as described in the Registration Statement, Prospectus or Disclosure Package or as would not reasonably be expected to, individually or in the aggregate, result in a Material Adverse Effect, (i) the Company and its Subsidiaries own or possess, or can promptly acquire on reasonable terms, ownership, licenses or other legal rights to use all patents, trademarks, service marks, tradenames, copyrights, trade secrets or other proprietary rights (collectively, “Intellectual Property Rights”) necessary for their respective businesses as now conducted, (ii) the Company believes it and its Subsidiaries have taken all commercially reasonable steps necessary to establish and preserve their respective ownership of all Intellectual Property Rights owned by the Company or any of its Subsidiaries that is necessary for their respective businesses as now conducted, (iii) to the knowledge of the Company, there is no infringement, misappropriation or other violation of the Intellectual Property Rights owned by the Company or any of its Subsidiaries by any third party, (iv) to the knowledge of the Company, the present business, activities and products of the Company and its Subsidiaries do not infringe, misappropriate or otherwise violate any Intellectual Property Rights of any other person or entity, (v) there is no proceeding pending or, to the knowledge of the Company, threatened in writing, charging the Company or any of its Subsidiaries with infringement, misappropriation or other violation of any Intellectual Property Rights adversely held by a third party which has been filed, (vi) no proceedings have been instituted or are pending or, to the knowledge of the Company, threatened in writing, which challenge the rights of the Company or any of its Subsidiaries to use the Intellectual Property Rights owned by or licensed to the Company or its Subsidiaries, and (vii) the Intellectual Property Rights owned by and, to the knowledge of the Company, licensed, to the Company and its Subsidiaries, has not been adjudged invalid or unenforceable in whole or in part and there is no pending or, to the knowledge of the Company, threatened in writing proceeding by others challenging the validity or scope of any such Intellectual Property Rights, and the Company is unaware of any facts which are reasonably likely to form a basis for any such claim.

Intellectual Property. Except as described The Company owns, possesses, licenses or has other rights to use copyrights, trademarks, service marks, trade names, Internet domain names, technology, know-how (including trade secrets and other unpatented and/or unpatentable proprietary rights) and other intellectual property necessary or used in any material respect to conduct its business in the Registration Statementmanner in which it is being conducted and in the manner in which it is contemplated as set forth in the SEC Reports (collectively, Prospectus the “Intellectual Property”). (i) None of the Intellectual Property is unenforceable or Disclosure Package invalid; (ii) except as set forth in the SEC Reports, the Company has not received any notice of violation or conflict with (the Company has no knowledge of any basis for violation or conflict with) rights of others with respect to the Intellectual Property; and (iii) except as set forth in the SEC Reports, there are no pending or, to the Company’s best knowledge after due inquiry, threatened actions, suits, proceedings or claims by others that allege any of the Company or a Subsidiary is infringing any patent, trade secret, trademark, service xxxx, copyright or other intellectual property or proprietary right. To the Company’s best knowledge, the discoveries, inventions, products or processes of the Company referenced in the SEC Reports do not violate or conflict with any intellectual property or proprietary right of any third Person, or any discovery, invention, product or process that is the subject of a patent application filed by any third Person; no officer, director or employee of the Company is in or has ever been in violation of any term of any patent non-disclosure agreement, invention assignment agreement, or similar agreement relating to the protection, ownership, development use or transfer of the Intellectual Property or, to the Company’s best knowledge after due inquiry, any other intellectual property, except where any violation would not reasonably be expected tonot, individually or in the aggregate, result in have a Material Adverse Effect. The Company is not in breach of and have complied in all material respects with all terms of, (i) any license or other agreement relating to the Intellectual Property. To the extent any Intellectual Property is sublicensed to any of the Company or a Subsidiary by a third party, such sublicensed rights shall continue in full force and its Subsidiaries own or possess, or can promptly acquire on reasonable terms, ownership, licenses effect if the principal third party license terminates for any reason. There are no contracts or other legal rights documents related to use all patents, trademarks, service marks, tradenames, copyrights, trade secrets the Intellectual Property required to be described in or filed as an exhibit to the Registration Statement and the SEC Reports other than those described in or filed as an exhibit to the Registration Statement and the SEC Reports. The Company is not subject to any non-competition or other proprietary rights (collectively, “similar restrictions or arrangements relating to any business or service anywhere in the world. The Company has taken all necessary and reasonably appropriate steps to protect and preserve the confidentiality of applicable Intellectual Property Rights(“Confidential Information”) necessary for their respective businesses as now conducted, (ii) the Company believes it and its Subsidiaries have taken all commercially reasonable steps necessary to establish and preserve their respective ownership ). All use or disclosure of all Intellectual Property Rights Confidential Information owned by the Company by or any to a third party has been pursuant to a written agreement between the Company and such third party. All use or disclosure of its Subsidiaries that is necessary for their respective businesses as now conducted, (iii) to the knowledge of the Company, there is no infringement, misappropriation or other violation of the Intellectual Property Rights Confidential Information not owned by the Company or any of its Subsidiaries by any third party, (iv) has been pursuant to the knowledge terms of the Company, the present business, activities and products of a written agreement between the Company and its Subsidiaries do not infringethe owner of such Confidential Information, misappropriate or is otherwise violate any Intellectual Property Rights of any other person or entity, (v) there is no proceeding pending or, to the knowledge of the Company, threatened in writing, charging the Company or any of its Subsidiaries with infringement, misappropriation or other violation of any Intellectual Property Rights adversely held by a third party which has been filed, (vi) no proceedings have been instituted or are pending or, to the knowledge of the Company, threatened in writing, which challenge the rights of the Company or any of its Subsidiaries to use the Intellectual Property Rights owned by or licensed to the Company or its Subsidiaries, and (vii) the Intellectual Property Rights owned by and, to the knowledge of the Company, licensed, to the Company and its Subsidiaries, has not been adjudged invalid or unenforceable in whole or in part and there is no pending or, to the knowledge of the Company, threatened in writing proceeding by others challenging the validity or scope of any such Intellectual Property Rights, and the Company is unaware of any facts which are reasonably likely to form a basis for any such claimlawful.

Intellectual Property. Except as described in the Registration Statement, Prospectus or Disclosure Package or as would not reasonably be expected to, individually or in the aggregate, result in a Material Adverse Effect, (i) the The Company and its Subsidiaries subsidiaries own or possess, or can promptly acquire on reasonable terms, ownership, licenses or other legal rights possess the right to use all patents, patent applications, inventions, licenses, know-how (including trade secrets and other unpatented and/or unpatentable proprietary or confidential information or procedures), trademarks, service marks, tradenamestrade names, domain names, copyrights, trade secrets or and other proprietary rights intellectual property, and registrations and applications for registration of any of the foregoing (collectively, “Intellectual Property RightsProperty”) necessary for to conduct their respective businesses business as now conductedpresently conducted and currently contemplated to be conducted in the future as described in the SEC Reports and, (ii) the Company believes it and its Subsidiaries have taken all commercially reasonable steps necessary to establish and preserve their respective ownership of all Intellectual Property Rights owned by the Company or any of its Subsidiaries that is necessary for their respective businesses as now conducted, (iii) to the knowledge of the Company, there neither the Company nor any of its subsidiaries, whether through their respective products and services or the conduct of their respective businesses, has infringed, misappropriated, conflicted with or otherwise violated, or is no infringementcurrently infringing, misappropriation misappropriating, conflicting with or other violation otherwise violating, and none of the Intellectual Property Rights owned by the Company or its subsidiaries have received any heretofore unresolved communication or notice of its Subsidiaries by any third partyinfringement of, (iv) to the knowledge of the Companymisappropriation of, the present businessconflict with or violation of, activities and products of the Company and its Subsidiaries do not infringe, misappropriate or otherwise violate any Intellectual Property Rights of any other person or entity, other than as described in the SEC Reports. Neither the Company nor any of its subsidiaries has received any communication or notice (vin each case that has not been resolved) there alleging that by conducting their business as described in the SEC Reports, such parties would infringe, misappropriate, conflict with, or violate, any of the Intellectual Property of any other person or entity. The Company knows of no infringement, misappropriation or violation by others of Intellectual Property owned by or licensed to the Company or its subsidiaries which would reasonably be expected to result in a Material Adverse Effect. The Company and its subsidiaries have taken all reasonable steps necessary to secure their interests in such Intellectual Property from their employees and contractors and to protect the confidentiality of all of their confidential information and trade secrets. None of the Intellectual Property employed by the Company or its subsidiaries has been obtained or is no proceeding pending being used by the Company or its subsidiaries in violation of any contractual obligation binding on the Company or any of its subsidiaries or, to the knowledge of the Company, threatened any of their respective officers, directors or employees, except as would not reasonably be expected, individually or in writingthe aggregate, charging to have a Material Adverse Effect. All Intellectual Property owned or exclusively licensed by the Company or its subsidiaries is free and clear of all liens, encumbrances, defects or other restrictions (other than non-exclusive licenses granted in the ordinary course of business), except those that would not reasonably be expected, individually or in the aggregate, to have a Material Adverse Effect. The Company and its subsidiaries are not subject to any judgment, order, writ, injunction or decree of any court or any Governmental Entity, nor has the Company or any of its Subsidiaries with infringementsubsidiaries entered into or become a party to any agreement made in settlement of any pending or threatened litigation, misappropriation which materially restricts or other violation impairs their use of any Intellectual Property Rights adversely held by a third party which has been filed, (vi) no proceedings have been instituted or are pending or, to the knowledge of the Company, threatened in writing, which challenge the rights of the Company or any of its Subsidiaries to use the Intellectual Property Rights owned by or licensed to the Company or its Subsidiaries, and (vii) the Intellectual Property Rights owned by and, to the knowledge of the Company, licensed, to the Company and its Subsidiaries, has not been adjudged invalid or unenforceable in whole or in part and there is no pending or, to the knowledge of the Company, threatened in writing proceeding by others challenging the validity or scope of any such Intellectual Property Rights, and the Company is unaware of any facts which are reasonably likely to form a basis for any such claimProperty.

Intellectual Property. Except as described in to the Registration Statement, Prospectus or Disclosure Package or as extent it would not be reasonably be expected to, individually or in the aggregate, result in to have a Material Adverse Effect, : (i) the Company and its Subsidiaries each Company Subsidiary own or possess, or can promptly acquire on reasonable terms, ownership, licenses or other legal rights have a valid license to use any and all patents, inventions, copyrights, know how (including trade secrets and other unpatented and/or unpatentable proprietary or confidential information, processes or procedures), trademarks, service marks, tradenamestrade names, copyrightsdomain names, trade secrets software, data and other worldwide intellectual property or other similar proprietary rights rights, including any and all registrations and applications for registration thereof and any and all goodwill associated therewith (collectively, “Intellectual Property Rights”) ), in each case, used in or reasonably necessary for to the conduct of their respective businesses as now currently conducted, ; (ii) the Company believes it and its Subsidiaries have taken all commercially reasonable steps necessary to establish and preserve their respective ownership of all Intellectual Property Rights owned or purported to be owned by the Company or any of its Subsidiaries that is necessary for their respective businesses as now conducted, Company Subsidiary (iii) to the knowledge of the Company, there is no infringement, misappropriation or other violation of the “Company Owned Intellectual Property Rights Rights”), are solely and exclusively owned by the Company or any the Company Subsidiaries, in each case free and clear of its Subsidiaries by any third partyall liens, defects or similar encumbrances or other restrictions, other than non-exclusive licenses granted in the ordinary course of business, (iviii) to the knowledge of the Company, the present business, activities and products of the Company and its Subsidiaries do not infringe, misappropriate or otherwise violate any Owned Intellectual Property Rights of any other person or entity, (v) there is no proceeding pending orand, to the knowledge of the Company’s knowledge, threatened in writing, charging the Company or any of its Subsidiaries with infringement, misappropriation or other violation of any Intellectual Property Rights adversely held by a third party which has been filed, (vi) no proceedings have been instituted or are pending or, to the knowledge of the Company, threatened in writing, which challenge the rights of the Company or any of its Subsidiaries to use the Intellectual Property Rights owned by or licensed to the Company or its Subsidiariesany Company Subsidiary, are valid, subsisting and (vii) the Intellectual Property Rights owned by andenforceable, to the knowledge of the Company, licensed, to the Company and its Subsidiaries, has not been adjudged invalid or unenforceable in whole or in part and there is no pending or, to the knowledge of the Company’s knowledge, threatened in writing action, suit, proceeding or claim by others a third party (A) challenging the validity validity, scope or scope enforceability of any such Intellectual Property Rights or (B) alleging that the Company or any Company Subsidiary has infringed, misappropriated or violated any Intellectual Property Rights of any third party; (iv) neither the Company nor any Company Subsidiary has received any written notice alleging any infringement, misappropriation or other violation of Intellectual Property Rights; (v) to the Company’s knowledge, no third party is infringing, misappropriating or otherwise violating or has infringed, misappropriated or otherwise violated, any Company Owned Intellectual Property Rights; (vi) neither the Company nor any Company Subsidiary infringes, misappropriates or otherwise violates, or has infringed, misappropriated or otherwise violated, any Intellectual Property Rights; (vii) all employees or contractors engaged in the development of Intellectual Property Rights on behalf of the Company or any Company Subsidiary have executed an invention assignment agreement whereby such employees or contractors presently assign all of their right, title and interest in and to such Intellectual Property Rights to the Company or a Company Subsidiary, and to the Company’s knowledge no such agreement has been breached or violated; and (viii) the Company and the Company is unaware Subsidiaries use, and have used, commercially reasonable efforts to appropriately maintain the confidentiality of any facts which are reasonably likely all information intended to form be maintained as a basis for any such claimtrade secret (including proprietary confidential software source code).

Intellectual Property. Except as described in the Registration StatementThe Company owns, Prospectus possesses or Disclosure Package or as would not reasonably be expected to, individually or in the aggregate, result in a Material Adverse Effect, (i) the Company and its Subsidiaries own or possess, or can promptly acquire on reasonable terms, ownership, licenses or other has legal rights to use all ideas, inventions, developments and improvements conceived and/or reduced to practice, patents, trademarks, service marks, tradenamestrade names, copyrights, know-how, trade secrets or other secrets, licenses, information and proprietary rights and processes (collectively, “Intellectual Property RightsProperty”) necessary for their respective businesses the Company’s business as now conducted, (ii) the Company believes it conducted and its Subsidiaries have taken all commercially reasonable steps necessary as proposed to establish and preserve their respective ownership of all Intellectual Property Rights owned be conducted by the Company or any of its Subsidiaries that is necessary by developing the System and Lead for their respective businesses as now conductedcommercial manufacture, (iii) use, lease, importation, and sale, including without limitation the intellectual property licensed to the knowledge Company under the License Agreement by and between the Company and the Xxxxx Xxxxxxx University (“JHU”) on or around July 1, 1998 and all other appendices, addenda, amendments, and agreements related thereto (the “JHU Agreement”) (the owned and licensed rights of the Company, collectively, the “Existing Intellectual Property”), without any conflict with, or infringement of, the rights of others. Except as set forth in Schedule 4.8 attached hereto, there are no outstanding options, licenses or agreements of any kind relating to the foregoing, nor is no infringementthe Company bound by or a party to any options, misappropriation licenses or other violation agreements of any kind with respect to the Existing Intellectual Property. The Company has not received any communications alleging that the Company has violated or, by conducting its business or developing the System or Lead, would violate the Intellectual Property Rights owned by the Company or any of its Subsidiaries by any third party, (iv) to the knowledge of the Company, the present business, activities and products of the Company and its Subsidiaries do not infringe, misappropriate or otherwise violate any Intellectual Property Rights of any other person or entity, (v) there is . The Company knows of no proceeding pending or, prior art or other information material to patentability that would invalidate or render unenforceable the knowledge of the Company, threatened in writing, charging the Existing Intellectual Property. The Company or further represents and warrants that any information it gives to Bionics as part of its Subsidiaries with infringement, misappropriation duties and obligations under this Agreement and the Concurrent Agreements comprises information which it has the right to freely disclose without incurring legal liability to or other violation of any Intellectual Property Rights adversely held by a third party which has been filed, (vi) no proceedings have been instituted or are pending or, to the knowledge of the Company, threatened in writing, which challenge violating the rights of the Company or any of its Subsidiaries to use the Intellectual Property Rights owned by or licensed to the Company or its Subsidiaries, and (vii) the Intellectual Property Rights owned by and, to the knowledge of the Company, licensed, to the Company and its Subsidiaries, has not been adjudged invalid or unenforceable in whole or in part and there is no pending or, to the knowledge of the Company, threatened in writing proceeding by others challenging the validity or scope of any such Intellectual Property Rights, and the Company is unaware of any facts which are reasonably likely to form a basis for any such claimothers.

Intellectual Property. Except as described in the Registration Statement, Prospectus or Disclosure Package or as would not reasonably be expected to, individually or in the aggregate, result in a Material Adverse Effect, (i) the The Company and its Subsidiaries own or possessowns or, or can promptly acquire on reasonable termswith respect to licensed Intellectual Property, ownership, licenses or other legal has sufficient rights to use all patents(A) material patents (and any renewals and extensions thereof), patent rights (and any applications therefor), rights of priority and other rights in inventions; (B) trademarks, service marks, tradenamestrade names and trade dress, copyrightsand all registrations and applications therefor and all legal or common-law equivalents of any of the foregoing; (C) copyrights and rights in mask works (and any applications or registrations for the foregoing, and all renewals and extensions thereof), common-law copyrights and rights of authorship including all rights to exploit any of the foregoing in any media and by any manner and means now known or hereafter devised; (D) industrial design rights, and all registrations and applications therefor; (E) rights in data, collections of data and databases, and all legal or common-law equivalents thereof; (F) rights in domain names and domain name reservations; (G) rights in trade secrets or secrets, proprietary information and know-how (collectively with all licenses and other proprietary rights agreements providing the Company with the right to use any item of the type referred to in clauses (collectivelyA) through (G), “"Intellectual Property Rights”Property") that are necessary for their respective businesses the conduct of its business as now conducted, conducted except where the failure to currently own or possess would not have a Material Adverse Effect; (ii) the Company believes it and its Subsidiaries have taken all commercially reasonable steps necessary to establish and preserve their respective ownership of all Intellectual Property Rights owned by the Company or any of its Subsidiaries that is necessary for their respective businesses as now conductedvalid, subsisting, in proper form and enforceable and all renewal fees and other maintenance fees have been paid; (iii) the Company is in material compliance with all contractual obligations relating to the knowledge use and protection of the Company, there is no infringement, misappropriation or other violation such of the Intellectual Property Rights owned by the Company as is used pursuant to license or any of its Subsidiaries by any third party, other agreement; (iv) to the knowledge of the Company there is no present or former employee, officer or director of the Company or agent or outside contractor that holds or claims any material right, title or interest, directly or indirectly, in or to any Intellectual Property; and (v) to the Company's knowledge, the present business, business activities and products of the Company have not and its Subsidiaries do not infringeinfringe any known Intellectual Property or other proprietary rights of any third party, misappropriate the Company is not making unauthorized use of any confidential information or otherwise violate trade secrets of any third party, the Company has not received any notice of any asserted infringement (nor is the Company aware of any reasonable basis for any third party asserting an infringement) by the Company of, any rights of a third party with respect to any Intellectual Property Rights of any other person that, individually or entityin the aggregate, (v) there is would have a Material Adverse Effect. The Guaranteeing Subsidiaries own no proceeding pending or, to the knowledge of the Company, threatened in writing, charging the Company material registrations or any of its Subsidiaries with infringement, misappropriation or other violation of material applications for any Intellectual Property Rights adversely held by a third party which has been filed, (vi) no proceedings have been instituted or are pending or, to the knowledge of the Company, threatened in writing, which challenge the rights of the Company or any of its Subsidiaries to use the Intellectual Property Rights owned by or licensed to the Company or its Subsidiaries, and (vii) the Intellectual Property Rights owned by and, to the knowledge of the Company, licensed, to the Company and its Subsidiaries, has not been adjudged invalid or unenforceable in whole or in part and there is no pending or, to the knowledge of the Company, threatened in writing proceeding by others challenging the validity or scope of any such Intellectual Property Rights, and the Company is unaware of any facts which are reasonably likely to form a basis for any such claimProperty.

Intellectual Property. Except as described disclosed in the Registration Statement, Prospectus or Disclosure Package or as would not reasonably be expected to, individually or in the aggregate, result in a Material Adverse EffectSEC Reports, (i) the Company and its Subsidiaries own each Subsidiary owns or possess, or can promptly acquire on reasonable terms, ownership, has obtained valid and enforceable licenses or other legal rights to use all options for the inventions, patent applications, patents, trademarks, service marks, tradenames, copyrightstrademarks (both registered and unregistered), trade names, copyrights and trade secrets or other proprietary rights necessary for the conduct of its respective business as described in the SEC Reports (collectively, the “Intellectual Property RightsProperty”) necessary for their respective businesses as now conducted, ); and (ii) (a) there are no third parties who have any ownership rights to any Intellectual Property that is owned by, or has been licensed to, the Company believes it or each Subsidiary for the products described in the SEC Reports that would preclude the Company or any Subsidiary from conducting its business as currently conducted and its Subsidiaries have taken all commercially reasonable steps necessary to establish and preserve their respective a Material Adverse Effect, except for the ownership rights of all the owners of the Intellectual Property Rights owned licensed or optioned by the Company or any of its Subsidiaries that is necessary for their respective businesses as now conducted, Subsidiary; (iiib) to the knowledge of the Company’s knowledge, there is are currently no infringement, misappropriation or other violation sales of the any products that would constitute an infringement by third parties of any Intellectual Property Rights owned owned, licensed or optioned by the Company or any of its Subsidiaries by any third party, (iv) to the knowledge of the Company, the present business, activities and products of the Company and its Subsidiaries do not infringe, misappropriate or otherwise violate any Intellectual Property Rights of any other person or entity, (v) there is no proceeding pending or, to the knowledge of the Company, threatened in writing, charging the Company or any of its Subsidiaries with infringement, misappropriation or other violation of any Intellectual Property Rights adversely held by a third party which has been filed, (vi) no proceedings have been instituted or are pending or, to the knowledge of the Company, threatened in writingSubsidiary, which challenge the rights of the Company or any of its Subsidiaries to use the Intellectual Property Rights owned by or licensed to the Company or its Subsidiaries, and infringement would have a Material Adverse Effect; (viic) the Intellectual Property Rights owned by and, to the knowledge of the Company, licensed, to the Company and its Subsidiaries, has not been adjudged invalid or unenforceable in whole or in part and there is no pending or, to the knowledge Company’s knowledge, threatened action, suit, proceeding or claim by others challenging the rights of the Company or any Subsidiary in or to any Intellectual Property owned, licensed or optioned by the Company or any Subsidiary, other than claims which could not reasonably be expected to have a Material Adverse Effect; (d) there is no pending or, to the Company’s knowledge, threatened in writing action, suit, proceeding or claim by others challenging the validity or scope of any such Intellectual Property Rightsowned, and licensed or optioned by the Company or any Subsidiary, other than non-material actions, suits, proceedings and claims; and (e) there is unaware no pending or, to the Company’s knowledge, threatened action, suit, proceeding or claim by others that the Company or any of any facts which are reasonably likely to form a basis for Subsidiaries infringes or otherwise violates any such claimpatent, trademark, copyright, trade secret or other proprietary right of others, other than non-material actions, suits, proceedings and claims.

Intellectual Property. Except as for specific matters described in the Registration StatementProspectus, the Company and its subsidiaries own, possess or have sufficient rights to use all trademarks, trade names, patent rights, copyrights, domain names, licenses, approvals, trade secrets, inventions, technology, know-how and other intellectual property and similar rights, including registrations and applications for registration thereof (collectively, “Intellectual Property Rights”) necessary or material to the conduct of the business now conducted or proposed in the Prospectus to be conducted by them. Except as disclosed in the Prospectus (i) there are no rights of third parties to any of the Intellectual Property Rights owned or Disclosure Package purported to be owned by the Company or its subsidiaries; (ii) to the Company’s knowledge there is no infringement, misappropriation, breach, or default by any third party of any of the Intellectual Property Rights of the Company or any of its subsidiaries; (iii) there is no pending or, to the Company’s knowledge, threatened action, suit, proceeding or claim by any third party challenging the Company’s or any of its subsidiaries’ rights in or to, or the violation of any of the terms of, any of their Intellectual Property Rights; (iv) there is no pending or, to the Company’s knowledge, threatened action, suit, proceeding or claim by any third party challenging the validity, enforceability or scope of any Intellectual Property Rights of the Company or any of its subsidiaries; (v) there is no pending or, to the Company’s knowledge, threatened action, suit, proceeding or claim by any third party that the Company or any of its subsidiaries infringes, misappropriates or otherwise violates or conflicts with any Intellectual Property Rights of any third party; (vi) none of the Intellectual Property Rights used or held for use by the Company or any of its subsidiaries in their businesses has been obtained or is being used or held for use by the Company or any of its subsidiaries in violation of any contractual obligation binding on the Company or any of its subsidiaries, and (vii) the Company and its subsidiaries have taken reasonable steps in accordance with normal industry practice to maintain the confidentiality of all Intellectual Property Rights the value of which to the Company or any subsidiary is contingent upon maintaining the confidentiality thereof, except in each case covered by clauses (i) – (vii) such as would not reasonably be expected tonot, if determined adversely to the Company or any of its subsidiaries, individually or in the aggregate, result in a Material Adverse Effect, (i) the Company and its Subsidiaries own or possess, or can promptly acquire on reasonable terms, ownership, licenses or other legal rights to use all patents, trademarks, service marks, tradenames, copyrights, trade secrets or other proprietary rights (collectively, “Intellectual Property Rights”) necessary for their respective businesses as now conducted, (ii) the Company believes it and its Subsidiaries have taken all commercially reasonable steps necessary to establish and preserve their respective ownership of all Intellectual Property Rights owned by the Company or any of its Subsidiaries that is necessary for their respective businesses as now conducted, (iii) to the knowledge of the Company, there is no infringement, misappropriation or other violation of the Intellectual Property Rights owned by the Company or any of its Subsidiaries by any third party, (iv) to the knowledge of the Company, the present business, activities and products of the Company and its Subsidiaries do not infringe, misappropriate or otherwise violate any Intellectual Property Rights of any other person or entity, (v) there is no proceeding pending or, to the knowledge of the Company, threatened in writing, charging the Company or any of its Subsidiaries with infringement, misappropriation or other violation of any Intellectual Property Rights adversely held by a third party which has been filed, (vi) no proceedings have been instituted or are pending or, to the knowledge of the Company, threatened in writing, which challenge the rights of the Company or any of its Subsidiaries to use the Intellectual Property Rights owned by or licensed to the Company or its Subsidiaries, and (vii) the Intellectual Property Rights owned by and, to the knowledge of the Company, licensed, to the Company and its Subsidiaries, has not been adjudged invalid or unenforceable in whole or in part and there is no pending or, to the knowledge of the Company, threatened in writing proceeding by others challenging the validity or scope of any such Intellectual Property Rights, and the Company is unaware of any facts which are reasonably likely to form a basis for any such claimChange.

Intellectual Property. Except as described in the Registration Statement, Prospectus or Disclosure Package or as would not reasonably be expected to, individually Statement or in the aggregateany document incorporated by reference therein, result in a Material Adverse Effect, (i) the Company holds all material licenses, certificates and its Subsidiaries own permits from governmental authorities which are necessary to the conduct of their businesses in the manner in which they are being conducted; the Company owns or possess, or can promptly acquire on reasonable terms, ownership, licenses or other legal rights possesses the right to use all patents, patent rights, trademarks, trade names, service marks, tradenamesservice names, copyrights, license rights, know-how (including trade secrets and other unpatented and unpatentable proprietary or confidential information, systems or procedures) and other proprietary intellectual property rights (collectively, “"Intellectual Property Rights”Property") necessary for to carry on their respective businesses as now business in all material respects in the manner in which it is being conducted, (ii) ; the Company believes it has not infringed, and its Subsidiaries have taken all commercially reasonable steps necessary to establish and preserve their respective ownership of all Intellectual Property Rights owned by the Company or any has not received notice of its Subsidiaries that is necessary for their respective businesses as now conductedconflict with, (iii) to the knowledge of the Company, there is no infringement, misappropriation or other violation of the Intellectual Property Rights owned by the Company or any of its Subsidiaries by any third party, (iv) to the knowledge of the Company, the present business, activities and products of the Company and its Subsidiaries do not infringe, misappropriate or otherwise violate any Intellectual Property Rights of any other person or entity. The Company has taken all steps reasonably necessary to secure ownership interests in Intellectual Property created for it by any contractors. There are no outstanding options, (v) there licenses or agreements of any kind relating to the Intellectual Property of the Company that are required to be described in the Registration Statement, the General Disclosure Package and the Prospectus and are not described therein in all material respects. The Company is no proceeding pending not a party to or bound by any options, licenses or agreements with respect to the Intellectual Property of any other person or entity that are required to be set forth in the Prospectus and are not described therein in all material respects. None of the technology employed by the Company and material to the Company's business has been obtained or is being used by the Company in violation of any contractual obligation binding on the Company or, to the knowledge of the Company's knowledge, threatened in writing, charging the Company or any of its Subsidiaries with infringementofficers, misappropriation directors or other violation of any Intellectual Property Rights adversely held by a third party which has been filed, (vi) no proceedings have been instituted or are pending employees or, to the knowledge Company's knowledge, otherwise in violation of the Company, threatened in writing, which challenge the rights of any persons; the Company has not received any written or oral communications alleging that the Company has violated, infringed or conflicted with, or, by conducting its business as set forth in the Registration Statement, the General Disclosure Package and the Prospectus, would violate, infringe or conflict with, any of its Subsidiaries to use the Intellectual Property Rights of any other person or entity. The Company knows of no infringement by others of Intellectual Property owned by or licensed to the Company or its Subsidiaries, and (vii) the Intellectual Property Rights owned by and, to the knowledge of the Company, licensed, to the Company and its Subsidiaries, has not been adjudged invalid or unenforceable in whole or in part and there is no pending or, to the knowledge of the Company, threatened in writing proceeding by others challenging the validity or scope of any such Intellectual Property Rights, and the Company is unaware of any facts which are reasonably likely to form a basis for any such claim.

Intellectual Property. Except as described in the Registration Statement, Prospectus or Disclosure Package or as would not reasonably be expected tonot, individually or in the aggregate, result in reasonably be expected to have a Material Adverse Effect, Effect (i) the Company and each of its Subsidiaries own or possess, or can promptly acquire on reasonable terms, ownership, licenses or other legal possess valid and enforceable rights to use all patents, trademarks, service markslogos, tradenamestrade names, Internet domain names, patent rights, copyrights, trade secrets or secrets, know-how, rights in computer software and other proprietary similar intellectual property rights (together with all goodwill associated with, any registrations of, or applications for registration of any of the foregoing, collectively, “Intellectual Property Rights”) necessary for their respective businesses that are used in the operation of the Company and its Subsidiaries as now currently conducted, ; (ii) all Owned Intellectual Property are valid and enforceable; (iii) to the Knowledge of the Company, no Person has infringed upon, misappropriated or otherwise violated any of the Owned Intellectual Property; (iv) the conduct of the business of the Company believes it and its Subsidiaries has not infringed, misappropriated, or violated at any time since July 3, 2021, and does not infringe, misappropriate or violate, the Intellectual Property Rights of any other Person; (v) the Company and its Subsidiaries have taken all commercially reasonable steps necessary to establish and preserve their respective ownership maintain the confidentiality of all Intellectual Property Rights the material trade secrets owned (or purported to be owned) by the Company or any of its Subsidiaries; (vi) no material source code owned (or purported to be owned) by the Company or any of its Subsidiaries that is necessary for their respective businesses as now conductedhas been disclosed or otherwise made available to any Person (excluding an escrow agent), (iii) and, to the knowledge Knowledge of the Company, there is no infringementcircumstance or condition exists that (with or without notice or lapse of time, misappropriation or both) would result in a requirement that any such source code be disclosed, licensed or made available to any third party (other violation than an escrow agent); and (vii) neither the Company nor any of the Intellectual Property Rights owned by its Subsidiaries has received any notice of any third-party allegations or claims that (A) the Company or any of its Subsidiaries by any third party, (iv) to or the knowledge conduct of the Company, the present business, activities and products of the Company and its Subsidiaries do not infringe, misappropriate their respective businesses infringe or otherwise violate any conflict with asserted Intellectual Property Rights of any other person others or entity, (vB) there is no proceeding pending or, to challenge the knowledge of the Company, threatened in writing, charging the Company ownership or any of its Subsidiaries with infringement, misappropriation or other violation validity of any Owned Intellectual Property Rights adversely held by a third party which has been filed, (vi) no proceedings have been instituted or are pending or, to the knowledge of the Company, threatened in writing, which challenge the rights of the Company or any of its Subsidiaries to use the Intellectual Property Rights owned by or licensed to the Company or its Subsidiaries, and (vii) the Intellectual Property Rights owned by and, to the knowledge of the Company, licensed, to the Company and its Subsidiaries, has not been adjudged invalid or unenforceable in whole or in part and there is no pending or, to the knowledge of the Company, threatened in writing proceeding by others challenging the validity or scope of any such Intellectual Property Rights, and the Company is unaware of any facts which are reasonably likely to form a basis for any such claimProperty.

Intellectual Property. Except as described in the Registration Statement, Prospectus or Disclosure Package or as has not had and would not reasonably be expected toto have, individually or in the aggregate, result in a Material Adverse EffectEffect on the Company, and except as identified in Section 5.18 of the Company Disclosure Schedule: (i) the Company and each of its Subsidiaries own or possessowns, or can promptly acquire on reasonable terms, ownership, licenses or other legal rights is licensed to use (in each case, free and clear of any Liens), all patents, trademarks, service marks, tradenames, copyrights, trade secrets or other proprietary rights (collectively, “Intellectual Property Rights”) used in or necessary for their respective businesses the conduct of its business as now currently conducted, ; (ii) neither the Company believes it and nor its Subsidiaries have taken all commercially reasonable steps necessary to establish and preserve their respective ownership of all has infringed, misappropriated or otherwise violated the Intellectual Property Rights owned by the Company or rights of any of its Subsidiaries that is necessary for their respective businesses as now conducted, Person; (iii) to the knowledge of the Company, there is no infringementPerson has challenged, misappropriation infringed, misappropriated or other violation of the otherwise violated any Intellectual Property Rights right owned by and/or licensed to the Company or its Subsidiaries; (iv) neither the Company nor any of its Subsidiaries has received any written notice or otherwise has knowledge of any pending claim, action, suit, order or proceeding with respect to any Intellectual Property owned by the Company or any of its Subsidiaries or alleging that any services provided, processes used or products manufactured, used, imported, offered for sale or sold by any third party, (iv) to the knowledge of the Company, the present business, activities and products of the Company and its Subsidiaries do not infringe, misappropriate or otherwise violate any Intellectual Property Rights of any other person or entity, (v) there is no proceeding pending or, to the knowledge of the Company, threatened in writing, charging the Company or any of its Subsidiaries with infringementinfringes, misappropriation misappropriates or other violation of otherwise violates any Intellectual Property Rights adversely held by a third party which has been filed, rights of any Person; (viv) no proceedings have been instituted or are pending or, to the knowledge consummation of the Companytransactions contemplated by this Agreement will not alter, threatened in writingencumber, which challenge the rights impair or extinguish any Intellectual Property right of the Company or any of its Subsidiaries or impair the right of Parent to develop, use, sell, license or dispose of, or to bring any action for the infringement of, any Intellectual Property right of the Company or any of its Subsidiaries; (vi) the Company and its Subsidiaries have taken reasonable steps in accordance with normal industry practice to maintain the confidentiality of all material Trade Secrets owned, used or held for use by the Company or any of its Subsidiaries and no such Trade Secrets have been disclosed other than to employees, representatives and agents of the Company or any of its Subsidiaries all of whom are bound by written confidentiality agreements; and (vii) neither the Company nor any of its Subsidiaries has granted any exclusive licenses or other rights, of any kind or nature, in or to any of the Intellectual Property Rights owned by the Company or licensed any of its Subsidiaries to any third party and no third party has granted any licenses or other rights, of any kind or nature, to the Company or any of its Subsidiaries, and (vii) the Intellectual Property Rights owned by and, to the knowledge of the Company, licensed, to the Company and its Subsidiaries, has not been adjudged invalid or unenforceable in whole or in part and there is no pending or, to the knowledge of the Company, threatened in writing proceeding by others challenging the validity or scope of any such Intellectual Property Rights, and the Company is unaware of any facts which are reasonably likely to form a basis Subsidiaries for any such claimmaterial Intellectual Property.

Intellectual Property. Except as described in The Company and its subsidiaries own or possess the Registration Statement, Prospectus or Disclosure Package or as would not reasonably be expected to, individually or in the aggregate, result in a Material Adverse Effect, valid right to use all (i) the Company valid and its Subsidiaries own or possess, or can promptly acquire on reasonable terms, ownership, licenses or other legal rights to use all enforceable patents, patent applications, trademarks, trademark registrations, service marks, tradenamesservice xxxx registrations, Internet domain name registrations, copyrights, copyright registrations, licenses, trade secret rights (“Intellectual Property Rights”) and (ii) inventions, software, works of authorships, trade marks, service marks, trade names, databases, formulae, know how, Internet domain names and other intellectual property (including trade secrets and other unpatented and/or unpatentable proprietary confidential information, systems, or other proprietary rights procedures) (collectively, “Intellectual Property RightsAssets”) necessary for to conduct their respective businesses as now currently conducted, (ii) and as proposed to be conducted and described in the Prospectus. The Company believes it and its Subsidiaries subsidiaries have taken all commercially reasonable steps necessary to establish and preserve not received any opinion from their legal counsel concluding that any activities of their respective ownership of all businesses infringe, misappropriate, or otherwise violate, valid and enforceable Intellectual Property Rights of any other person, and have not received written notice of any challenge, which is to their knowledge still pending, by any other person to the rights of the Company and its subsidiaries with respect to any Intellectual Property Rights or Intellectual Property Assets owned or used by the Company or any of its Subsidiaries that is necessary for their respective businesses as now conducted, (iii) to the knowledge of the Company, there is no infringement, misappropriation or other violation of the Intellectual Property Rights owned by the Company or any of its Subsidiaries by any third party, (iv) to subsidiaries. To the knowledge of the Company, the present business, activities and products of the Company and its Subsidiaries subsidiaries’ respective businesses as now conducted do not infringegive rise to any infringement of, misappropriate any misappropriation of, or otherwise violate other violation of, any valid and enforceable Intellectual Property Rights of any other person or entity, (v) there is no proceeding pending or, to person. All licenses for the knowledge use of the CompanyIntellectual Property Rights described in the Prospectus are valid, binding upon, and enforceable by or against the parties thereto in accordance to its terms. The Company has complied in all material respects with, and is not in breach nor has received any asserted or threatened in writing, charging the Company or any claim of its Subsidiaries with infringement, misappropriation or other violation breach of any Intellectual Property Rights adversely held license, and the Company has no knowledge of any breach or anticipated breach by a third party which any other person to any Intellectual Property license. Except as described in the Prospectus, no claim has been filedmade against the Company alleging the infringement by the Company of any patent, (vi) no proceedings have been instituted trademark, service xxxx, trade name, copyright, trade secret, license in or are pending orother intellectual property right or franchise right of any person. The Company has taken all reasonable steps to protect, to maintain and safeguard its Intellectual Property Rights, including the knowledge execution of appropriate nondisclosure and confidentiality agreements. The consummation of the transactions contemplated by this Agreement will not result in the loss or impairment of or payment of any additional amounts with respect to, nor require the consent of any other person in respect of, the Company’s right to own, threatened in writinguse, which challenge the rights of the Company or hold for use any of its Subsidiaries to use the Intellectual Property Rights owned by as owned, used or licensed to held for use in the Company or its Subsidiaries, and (vii) the Intellectual Property Rights owned by and, to the knowledge conduct of the Company, licensed, to the Company and its Subsidiaries, has not been adjudged invalid or unenforceable in whole or in part and there is no pending or, to the knowledge of the Company, threatened in writing proceeding by others challenging the validity or scope of any such Intellectual Property Rights, and the Company is unaware of any facts which are reasonably likely to form a basis for any such claimbusiness as currently conducted.

Intellectual Property. Except as described in to the Registration Statement, Prospectus or Disclosure Package or as extent it would not be reasonably be expected to, individually or in the aggregate, result in to have a Material Adverse Effect, : (i) the Company and its Subsidiaries each Company Subsidiary own or possess, or can promptly acquire on reasonable terms, ownership, licenses or other legal rights have a valid license to use any and all patents, inventions, copyrights, know how (including trade secrets and other unpatented and/or unpatentable proprietary or confidential information, processes or procedures), trademarks, service marks, tradenamestrade names, copyrightsdomain names, trade secrets software, data and other worldwide intellectual property or other similar proprietary rights rights, including any and all registrations and applications for registration thereof and any and all goodwill associated therewith (collectively, “Intellectual Property Rights”) ), in each case, used in or reasonably necessary for to the conduct of their respective businesses as now currently conducted, ; (ii) the Company believes it and its Subsidiaries have taken all commercially reasonable steps necessary to establish and preserve their respective ownership of all Intellectual Property Rights owned or purported to be owned by the Company or any of its Subsidiaries that is necessary for their respective businesses as now conducted, Company Subsidiary (iii) to the knowledge of the Company, there is no infringement, misappropriation or other violation of the “Company Owned Intellectual Property Rights Rights”), are solely and exclusively owned by the Company or any the Company Subsidiaries, in each case free and clear of its Subsidiaries by any third partyall liens, defects or similar encumbrances or other restrictions, other than non-exclusive licenses granted in the ordinary course of business, (iviii) to the knowledge of the Company, the present business, activities and products of the Company and its Subsidiaries do not infringe, misappropriate or otherwise violate any Owned Intellectual Property Rights of any other person or entity, (v) there is no proceeding pending orand, to the knowledge of the Company’s knowledge, threatened in writing, charging the Company or any of its Subsidiaries with infringement, misappropriation or other violation of any Intellectual Property Rights adversely held by a third party which has been filed, (vi) no proceedings have been instituted or are pending or, to the knowledge of the Company, threatened in writing, which challenge the rights of the Company or any of its Subsidiaries to use the Intellectual Property Rights owned by or licensed to the Company or its Subsidiariesany Company Subsidiary, are valid, subsisting and (vii) the Intellectual Property Rights owned by andenforceable, to the knowledge of the Company, licensed, to the Company and its Subsidiaries, has not been adjudged invalid or unenforceable in whole or in part and there is no pending or, to the knowledge of the Company’s knowledge, threatened in writing action, suit, proceeding or claim by others a third party (A) challenging the validity validity, scope or scope enforceability of any such Intellectual Property Rights or (B) alleging that the Company or any Company Subsidiary has infringed, misappropriated or violated any Intellectual Property Rights of any third party; (iv) neither the Company nor any Company Subsidiary has received any written notice alleging any infringement, misappropriation or other violation of Intellectual Property Rights; (v) to the Company’s knowledge, no third party is infringing, misappropriating or otherwise violating or has infringed, misappropriated or otherwise violated, any Company Owned Intellectual Property Rights; (vi) neither the Company nor any Company Subsidiary infringes, misappropriates or otherwise violates, or has infringed, misappropriated or otherwise violated, any Intellectual Property Rights; (vii) all employees or contractors engaged in the development of Intellectual Property Rights on behalf of the Company or any Company Subsidiary have executed an invention assignment agreement whereby such employees or contractors presently assign all of their right, title and interest in and to such Intellectual Property Rights to the Company or a Company Subsidiary, and to the Company’s knowledge no such agreement has been breached or violated; and (viii) the Company and the Company is unaware Subsidiaries use, and have used, commercially reasonable efforts to appropriately maintain the confidentiality of any facts which are reasonably likely all information intended to form be maintained as a basis for any such claimtrade secret.

Intellectual Property. Except as described disclosed in or specifically contemplated by the Registration Statement, Prospectus or Disclosure Package or as would not reasonably be expected to, individually or in the aggregate, result in a Material Adverse EffectPrivate Placement Memorandum, (i) the Company and its Subsidiaries Subsidiary own or possess, or can promptly acquire on reasonable terms, ownership, have obtained valid and enforceable licenses or other legal rights to use all options for the inventions, patent applications, patents, trademarks, service markstrademarks (both registered and unregistered), tradenames, copyrights, copyrights and trade secrets or other proprietary rights necessary for the conduct of the Company's and its Subsidiary's respective businesses as currently conducted and as the Private Placement Memorandum indicates the Company and its Subsidiary contemplate conducting (collectively, “the "Intellectual Property"); and (ii) to the Company's knowledge (for each of the following subsections (a) through (e)): (a) there are no third parties who have any ownership rights to any Intellectual Property Rights”) necessary that is owned by, or has been licensed to, the Company or its Subsidiary for the product indications described in the Private Placement Memorandum that would preclude the Company or its Subsidiary from conducting their respective businesses as now conducted, (ii) currently conducted and as the Private Placement Memorandum indicates the Company believes it and its Subsidiaries have taken all commercially reasonable steps necessary to establish and preserve their respective Subsidiary contemplate conducting, except for the ownership rights of all the owners of the Intellectual Property Rights owned licensed or optioned by the Company or its Subsidiary; (b) there are currently no sales of any products that would constitute an infringement by third parties of its Subsidiaries that is necessary for their respective businesses as now conducted, (iii) to the knowledge of the Company, there is no infringement, misappropriation or other violation of the any Intellectual Property Rights owned owned, licensed or optioned by the Company or any of its Subsidiaries by any third party, Subsidiary; (iv) to the knowledge of the Company, the present business, activities and products of the Company and its Subsidiaries do not infringe, misappropriate or otherwise violate any Intellectual Property Rights of any other person or entity, (vc) there is no pending or threatened action, suit, proceeding pending or, to the knowledge of the Company, threatened in writing, charging the Company or any of its Subsidiaries with infringement, misappropriation or other violation of any Intellectual Property Rights adversely held claim by a third party which has been filed, (vi) no proceedings have been instituted or are pending or, to the knowledge of the Company, threatened in writing, which challenge others challenging the rights of the Company or its Subsidiary in or to any of its Subsidiaries to use the Intellectual Property Rights owned owned, licensed or optioned by or licensed to the Company or its SubsidiariesSubsidiary, and other than non-material claims; (viid) the Intellectual Property Rights owned by and, to the knowledge of the Company, licensed, to the Company and its Subsidiaries, has not been adjudged invalid or unenforceable in whole or in part and there is no pending oror threatened action, to the knowledge of the Companysuit, threatened in writing proceeding or claim by others challenging the validity or scope of any such Intellectual Property Rightsowned, licensed or optioned by the Company, other than non-material claims; and (e) there is no pending or threatened action, suit, proceeding or claim by others that the Company is unaware infringes or otherwise violates any patent, trademark, copyright, trade secret or other proprietary right of any facts which are reasonably likely to form a basis for any such claimothers, other than non-material claims.

Intellectual Property. Except as described in the Registration Statement, Prospectus or Disclosure Package or as would not reasonably be expected to, individually or in the aggregate, result in a Material Adverse Effectset forth on Schedule 2.11, (i) the Company (A) solely and its Subsidiaries own exclusively owns, free and clear of all liens or possessencumbrances, or can promptly acquire on reasonable termsall right, ownership, licenses or other legal rights title and interest in and to use any and all patents, trademarks, service marks, tradenamesdomain names, inventions, know how, patents, copyrights, works of authorship, trade secrets or secrets, confidential information, software, and other proprietary rights intellectual property (collectively, “Intellectual Property RightsProperty”) that the Company purports to own (collectively, “Owned IP”) and (A) owns or has a valid license to use, sell, or license, as the case may be, all other Intellectual Property and information technology rights, systems, and assets (collectively, “IT Systems”) used in or necessary for their respective businesses to conduct its business as now conducted, currently conducted and proposed to be conducted and none of the foregoing will be adversely impacted by the execution or delivery of this Agreement or the consummation of the transactions contemplated hereby; (ii) the Company believes it and the conduct of the Company’s business (including its Subsidiaries have taken all commercially reasonable steps necessary to establish products and preserve their respective ownership of all services) did not and do not infringe, misappropriate, or otherwise violate the Intellectual Property Rights owned by rights of any third party nor constitute unfair competition or trade practices and the Company has not received any written notices (including offers to license) and there are no claims, actions or any of its Subsidiaries that is necessary for their respective businesses as now conducted, proceedings pending (iii) or to the knowledge of the Company, there is no infringementthreatened), misappropriation or other violation in each case, alleging any of the Intellectual Property Rights owned by foregoing or contesting the Company ownership, use, validity, or enforceability of any of its Subsidiaries by any third party, Owned IP; (iv) to the knowledge of the Company, the present businessno third party has infringed, activities and products of the Company and its Subsidiaries do not infringe, misappropriate misappropriated or otherwise violate violated any Intellectual Property Rights of any other person or entity, Owned IP; (v) there the Company takes reasonable steps to maintain, police and protect all Owned IP and the confidentiality of all of its IT Systems and its confidential information and trade secrets, all of which have been maintained in confidence and have not been disclosed other than pursuant to written non-disclosure and confidentiality agreements; and (iv) all source code for any proprietary Company software is no proceeding pending or, to the knowledge of in the Company, threatened in writing, charging the Company or any of its Subsidiaries with infringement, misappropriation or other violation of any Intellectual Property Rights adversely held by a third party which has been filed, (vi) no proceedings have been instituted or are pending or, to the knowledge of the Company, threatened in writing, which challenge the rights of the Company or any of its Subsidiaries to use the Intellectual Property Rights owned by or licensed to the Company or its Subsidiaries, ’s sole possession and (vii) the Intellectual Property Rights owned by and, to the knowledge of the Company, licensed, to the Company and its Subsidiaries, has not been adjudged invalid or unenforceable in whole or in part and there is no pending or, to the knowledge of the Company, threatened in writing proceeding by others challenging the validity or scope of any such Intellectual Property Rights, and the Company is unaware of any facts which are reasonably likely to form a basis for any such claimmaintained as strictly confidential.

Intellectual Property. Home and each of its Subsidiaries owns, or is licensed to use (in each case, free and clear of any material Liens), all Intellectual Property necessary for the conduct of its business as currently conducted. Except as described in the Registration Statement, Prospectus or Disclosure Package or as would not reasonably be expected toto have, individually or in the aggregate, result in a Material Adverse Effect, Effect on Home: (a) (i) the Company use of any Intellectual Property by Home and its Subsidiaries own or possess, or can promptly acquire on reasonable terms, ownership, licenses or other legal rights to use all patents, trademarks, service marks, tradenames, copyrights, trade secrets or other proprietary rights (collectively, “Intellectual Property Rights”) necessary for their respective businesses as now conducted, (ii) the Company believes it and its Subsidiaries have taken all commercially reasonable steps necessary to establish and preserve their respective ownership of all Intellectual Property Rights owned by the Company or any of its Subsidiaries that is necessary for their respective businesses as now conducted, (iii) to the knowledge of the Company, there is no infringement, misappropriation or other violation of the Intellectual Property Rights owned by the Company or any of its Subsidiaries by any third party, (iv) to the knowledge of the Company, the present business, activities and products of the Company and its Subsidiaries do does not infringe, misappropriate or otherwise violate the rights of any person and is in accordance with any applicable license pursuant to which Home or any Home Subsidiary acquired the right to use any Intellectual Property, and (ii) no person has asserted in writing to Home or any of its Subsidiaries that Home or any of its Subsidiaries has infringed, misappropriated or otherwise violated the Intellectual Property Rights rights of any other person or entitysuch person, (vb) there to Home’s knowledge, no person is no proceeding pending orchallenging, to the knowledge infringing on or otherwise violating any right of the Company, threatened in writing, charging the Company Home or any of its Subsidiaries with infringement, misappropriation or other violation of respect to any Intellectual Property Rights adversely held by a third party which has been filed, (vi) no proceedings have been instituted or are pending or, to the knowledge of the Company, threatened in writing, which challenge the rights of the Company or any of its Subsidiaries to use the Intellectual Property Rights owned by or and/or licensed to the Company Home or its Subsidiaries, and (viic) the neither Home nor any Home Subsidiary has received any written notice of any pending claim with respect to any Intellectual Property Rights owned by andHome or any Home Subsidiary, and Home and its Subsidiaries have taken commercially reasonable actions to avoid the knowledge abandonment, cancellation or unenforceability of the Company, all Intellectual Property owned or licensed, to the Company respectively, by Home and its SubsidiariesSubsidiaries necessary for the conduct of its business as currently conducted. For purposes of this Agreement, has not been adjudged invalid “Intellectual Property” means: trademarks, service marks, brand names, internet domain names, logos, symbols, certification marks, trade dress and other indications of origin, the goodwill associated with the foregoing and registrations in any jurisdiction of, and applications in any jurisdiction to register, the foregoing, including any extension, modification or unenforceable renewal of any such registration or application; inventions, discoveries and ideas, whether patentable or not, in whole or any jurisdiction; patents, applications for patents (including divisions, continuations, continuations in part and there is no pending orrenewal applications), to the knowledge of the Company, threatened in writing proceeding by others challenging the validity or scope of any such Intellectual Property Rightsall improvements thereto, and any renewals, extensions or reissues thereof, in any jurisdiction; nonpublic information, trade secrets and know-how, including processes, technologies, protocols, formulae, prototypes and confidential information and rights in any jurisdiction to limit the Company is unaware use or disclosure thereof by any person; writings and other works, whether copyrightable or not and whether in published or unpublished works, in any jurisdiction; and registrations or applications for registration of copyrights in any facts which are reasonably likely to jurisdiction, and any renewals or extensions thereof; computer programs, whether in source code or object code form a basis for (including any such claimand all software implementation algorithms), databases and compilations (including any and all data and collections of data); and any similar intellectual property or proprietary rights.

Intellectual Property. The Company and each of its Subsidiaries owns, or is licensed to use (in each case, free and clear of any material Liens), all Intellectual Property necessary for the conduct of its business as currently conducted. Except as described in the Registration Statement, Prospectus or Disclosure Package or as would not reasonably be expected toexpected, either individually or in the aggregate, result in to have a Material Adverse EffectEffect on the Company, (a) (i) the use of any Intellectual Property by the Company and its Subsidiaries own does not infringe, misappropriate or possess, otherwise violate the rights of any person and is in accordance with any applicable license pursuant to which the Company or can promptly acquire on reasonable terms, ownership, licenses or other legal rights any Company Subsidiary acquired the right to use all patentsany Intellectual Property, trademarks, service marks, tradenames, copyrights, trade secrets or other proprietary rights (collectively, “Intellectual Property Rights”) necessary for their respective businesses as now conducted, and (ii) no person has asserted in writing to the Company believes it and its Subsidiaries have taken all commercially reasonable steps necessary to establish and preserve their respective ownership of all Intellectual Property Rights owned by that the Company or any of its Subsidiaries that is necessary for their respective businesses as now conductedhas infringed, (iii) to the knowledge of the Company, there is no infringement, misappropriation misappropriated or other violation of otherwise violated the Intellectual Property Rights owned by the Company or any rights of its Subsidiaries by any third partysuch person, (ivb) to the knowledge of the Company, the present business, activities and products of the Company and its Subsidiaries do not infringe, misappropriate or otherwise violate any Intellectual Property Rights of any other no person or entity, (v) there is no proceeding pending challenging or, to the knowledge of the Company, threatened in writinginfringing on or otherwise violating, charging any right of the Company or any of its Subsidiaries with infringement, misappropriation or other violation of respect to any Intellectual Property Rights adversely held by a third party which has been filed, (vi) no proceedings have been instituted or are pending or, to the knowledge of the Company, threatened in writing, which challenge the rights of the Company or any of its Subsidiaries to use the Intellectual Property Rights owned by or licensed to the Company or its Subsidiaries, and (viic) neither the Company nor any Company Subsidiary has received any notice of any pending claim with respect to any Intellectual Property Rights owned by andthe Company or any Company Subsidiary, and the Company and its Subsidiaries have taken commercially reasonable actions to avoid the knowledge abandonment, cancellation or unenforceability of the Company, all Intellectual Property owned or licensed, to respectively, by the Company and its Subsidiaries. For purposes of this Agreement, has not been adjudged invalid “Intellectual Property” means trademarks, service marks, brand names, internet domain names, logos, symbols, certification marks, trade dress and other indications of origin, the goodwill associated with the foregoing and registrations in any jurisdiction of, and applications in any jurisdiction to register, the foregoing, including any extension, modification or unenforceable in whole renewal of any such registration or application; patents, applications for patents (including divisions, continuations, continuations in part and there is no pending orrenewal applications), to the knowledge of the Company, threatened in writing proceeding by others challenging the validity or scope of any such Intellectual Property Rightsall improvements thereto, and the Company is unaware any renewals, extensions or reissues thereof, in any jurisdiction; trade secrets; and copyrights registrations or applications for registration of copyrights in any facts which are reasonably likely to form a basis for jurisdiction, and any such claimrenewals or extensions thereof.

Intellectual Property. Except as for specific matters described in the Registration StatementProspectus, the Company and its subsidiaries own, possess or have sufficient rights to use all trademarks, trade names, patent rights, copyrights, domain names, licenses, approvals, trade secrets, inventions, technology, know-how and other intellectual property and similar rights, including registrations and applications for registration thereof (collectively, “Intellectual Property Rights”) necessary or material to the conduct of the business now conducted or proposed in the Prospectus to be conducted by them. Except as disclosed in the Prospectus (i) to the Company’s knowledge, there are no rights of third parties to any of the Intellectual Property Rights owned or Disclosure Package purported to be owned by the Company or its subsidiaries, except for those certain rights retained by the federal and state governments pursuant to the Company’s grants and loan award; (ii) to the Company’s knowledge there is no infringement, misappropriation, breach, or default by any third party of any of the Intellectual Property Rights of the Company or any of its subsidiaries; (iii) there is no pending or, to the Company’s knowledge, threatened action, suit, proceeding or claim by any third party challenging the Company’s or any of its subsidiaries’ rights in or to, or the violation of any of the terms of, any of their Intellectual Property Rights; (iv) there is no pending or, to the Company’s knowledge, threatened action, suit, proceeding or claim by any third party challenging the validity, enforceability or scope of any Intellectual Property Rights of the Company or any of its subsidiaries; (v) there is no pending or, to the Company’s knowledge, threatened action, suit, proceeding or claim by any third party that the Company or any of its subsidiaries infringes, misappropriates or otherwise violates or conflicts with any Intellectual Property Rights of any third party; (vi) none of the Intellectual Property Rights used or held for use by the Company or any of its subsidiaries in their businesses has been obtained or is being used or held for use by the Company or any of its subsidiaries in violation of any contractual obligation binding on the Company or any of its subsidiaries, and (vii) the Company and its subsidiaries have taken reasonable steps in accordance with normal industry practice to maintain the confidentiality of all Intellectual Property Rights the value of which to the Company or any subsidiary is contingent upon maintaining the confidentiality thereof, except in each case covered by clauses (i) – (vii) such as would not reasonably be expected tonot, if determined adversely to the Company or any of its subsidiaries, individually or in the aggregate, result in a Material Adverse Effect, (i) the Company and its Subsidiaries own or possess, or can promptly acquire on reasonable terms, ownership, licenses or other legal rights to use all patents, trademarks, service marks, tradenames, copyrights, trade secrets or other proprietary rights (collectively, “Intellectual Property Rights”) necessary for their respective businesses as now conducted, (ii) the Company believes it and its Subsidiaries have taken all commercially reasonable steps necessary to establish and preserve their respective ownership of all Intellectual Property Rights owned by the Company or any of its Subsidiaries that is necessary for their respective businesses as now conducted, (iii) to the knowledge of the Company, there is no infringement, misappropriation or other violation of the Intellectual Property Rights owned by the Company or any of its Subsidiaries by any third party, (iv) to the knowledge of the Company, the present business, activities and products of the Company and its Subsidiaries do not infringe, misappropriate or otherwise violate any Intellectual Property Rights of any other person or entity, (v) there is no proceeding pending or, to the knowledge of the Company, threatened in writing, charging the Company or any of its Subsidiaries with infringement, misappropriation or other violation of any Intellectual Property Rights adversely held by a third party which has been filed, (vi) no proceedings have been instituted or are pending or, to the knowledge of the Company, threatened in writing, which challenge the rights of the Company or any of its Subsidiaries to use the Intellectual Property Rights owned by or licensed to the Company or its Subsidiaries, and (vii) the Intellectual Property Rights owned by and, to the knowledge of the Company, licensed, to the Company and its Subsidiaries, has not been adjudged invalid or unenforceable in whole or in part and there is no pending or, to the knowledge of the Company, threatened in writing proceeding by others challenging the validity or scope of any such Intellectual Property Rights, and the Company is unaware of any facts which are reasonably likely to form a basis for any such claimChange.

Intellectual Property. Except as described in the Registration Statement, Prospectus or Disclosure Package or as would not reasonably be expected to, individually or in the aggregate, result in a Material Adverse Effectset forth on Schedule 3.11, (i) the Company (A) solely and its Subsidiaries own exclusively owns, free and clear of all liens or possessencumbrances, or can promptly acquire on reasonable termsall right, ownership, licenses or other legal rights title and interest in and to use any and all patents, trademarks, service marks, tradenamesdomain names, inventions, know how, patents, copyrights, works of authorship, trade secrets or secrets, confidential information, software, and other proprietary rights intellectual property (collectively, “Intellectual Property RightsProperty”) that the Company purports to own (collectively, “Owned IP”) and (A) owns or has a valid license to use, sell, or license, as the case may be, all other Intellectual Property and information technology rights, systems, and assets (collectively, “IT Systems”) used in or necessary for their respective businesses to conduct its business as now conducted, currently conducted and proposed to be conducted and none of the foregoing will be adversely impacted by the execution or delivery of this Agreement or the consummation of the transactions contemplated hereby; (ii) the Company believes it and the conduct of the Company’s business (including its Subsidiaries have taken all commercially reasonable steps necessary to establish products and preserve their respective ownership of all services) did not and do not infringe, misappropriate, or otherwise violate the Intellectual Property Rights owned by rights of any third party nor constitute unfair competition or trade practices and the Company has not received any written notices (including offers to license) and there are no claims, actions or any of its Subsidiaries that is necessary for their respective businesses as now conducted, proceedings pending (iii) or to the knowledge of the Company, there is no infringementthreatened), misappropriation or other violation in each case, alleging any of the Intellectual Property Rights owned by foregoing or contesting the Company ownership, use, validity, or enforceability of any of its Subsidiaries by any third party, Owned IP; (iv) to the knowledge of the Company, the present businessno third party has infringed, activities and products of the Company and its Subsidiaries do not infringe, misappropriate misappropriated or otherwise violate violated any Intellectual Property Rights of any other person or entity, Owned IP; (v) there the Company takes reasonable steps to maintain, police and protect all Owned IP and the confidentiality of all of its IT Systems and its confidential information and trade secrets, all of which have been maintained in confidence and have not been disclosed other than pursuant to written non-disclosure and confidentiality agreements; and (iv) all source code for any proprietary Company software is no proceeding pending or, to the knowledge of in the Company, threatened in writing, charging the Company or any of its Subsidiaries with infringement, misappropriation or other violation of any Intellectual Property Rights adversely held by a third party which has been filed, (vi) no proceedings have been instituted or are pending or, to the knowledge of the Company, threatened in writing, which challenge the rights of the Company or any of its Subsidiaries to use the Intellectual Property Rights owned by or licensed to the Company or its Subsidiaries, ’s sole possession and (vii) the Intellectual Property Rights owned by and, to the knowledge of the Company, licensed, to the Company and its Subsidiaries, has not been adjudged invalid or unenforceable in whole or in part and there is no pending or, to the knowledge of the Company, threatened in writing proceeding by others challenging the validity or scope of any such Intellectual Property Rights, and the Company is unaware of any facts which are reasonably likely to form a basis for any such claimmaintained as strictly confidential.

Intellectual Property. (a) The Company and/or its subsidiaries owns or possesses, free and clear of all encumbrances, all legal rights to all intellectual property and industrial property rights and rights in confidential information, including all (i) patents, patent applications, invention disclosures, and all related continuations, continuations-in-part, divisional, reissues, re-examinations, substitutions and extensions thereof, (ii) trademarks, trademark rights, service marks, service xxxx rights, corporate names, trade names, trade name rights, domain names, logos, slogans, trade dress, design rights, and other similar designations of source or origin, together with the goodwill symbolized by and of the foregoing, (iii) trade secrets and all other confidential information, ideas, know-how, inventions, proprietary processes, formulae, models, and other methodologies, (iv) copyrights, (v) computer programs (whether in object code, subject code or other form), algorithms, databases, compilations and data, technology supporting the foregoing, and all related documentation, (vi) licenses to any of the foregoing, and (vii) all applications and registrations of the foregoing, and (viii) all other similar proprietary rights (collectively, “Intellectual Property”) used or held for use in, or necessary for the conduct of their businesses as now conducted and as proposed to be conducted, and neither the Company nor any of its subsidiaries (i) has received any communications alleging that either the Company or any of its subsidiaries has violated, infringed or misappropriated or, by conducting their businesses as now conducted and as proposed to be conducted, would violate, infringe or misappropriate any of the Intellectual Property of any other Person, (ii) knows of any basis for any claim that the Company or any of its subsidiaries has violated, infringed or misappropriated, or, by conducting their businesses as now conducted and as proposed to be conducted, would violate, infringe or misappropriate any of the Intellectual Property of any other Person, and (iii) knows of any third-party infringement, misappropriation or violation of any Company or any Company subsidiary's Intellectual Property. The Company has taken and takes reasonable security measures to protect the secrecy, confidentiality and value of its Intellectual Property, including requiring all Persons with access thereto to enter into appropriate non-disclosure agreements. To the knowledge of the Company, there has not been any disclosure of any material trade secret of the Company or a Company subsidiary (including any such information of any other Person disclosed in confidence to the Company) to any other Person in a manner that has resulted or is likely to result in the loss of trade secret in and to such information. Except as described in the Registration StatementPreviously Disclosed, Prospectus or Disclosure Package or and except as would not reasonably be expected toto have, individually or in the aggregate, result in a Material Adverse Effect, (i) the Company and its Subsidiaries own or possess, or can promptly acquire on reasonable terms, ownershipthere are no outstanding options, licenses or other legal rights to use all patentsagreements, trademarksclaims, service marks, tradenames, copyrights, trade secrets encumbrances or other proprietary rights (collectively, “Intellectual Property Rights”) necessary for their respective businesses as now conducted, (ii) the Company believes it and its Subsidiaries have taken all commercially reasonable steps necessary to establish and preserve their respective shared ownership interests of all Intellectual Property Rights owned by the Company or any of its Subsidiaries that is necessary for their respective businesses as now conducted, (iii) kind relating to the knowledge of the Company's or its subsidiaries' Intellectual Property, there nor is no infringement, misappropriation or other violation of the Intellectual Property Rights owned by the Company or any of its Subsidiaries by any third party, (iv) to the knowledge of the Company, the present business, activities and products of the Company and its Subsidiaries do not infringe, misappropriate or otherwise violate any Intellectual Property Rights of any other person or entity, (v) there is no proceeding pending or, to the knowledge of the Company, threatened in writing, charging the Company or any of its Subsidiaries with infringement, misappropriation or other violation of any Intellectual Property Rights adversely held by a third party which has been filed, (vi) no proceedings have been instituted or are pending or, to the knowledge of the Company, threatened in writing, which challenge the rights of the Company or any of its Subsidiaries to use the Intellectual Property Rights owned by or licensed to the Company or its Subsidiariessubsidiaries bound by or a party to any options, and (vii) licenses or agreements of any kind with respect to the Intellectual Property Rights owned by and, to the knowledge of the Company, licensed, to the Company and its Subsidiaries, has not been adjudged invalid or unenforceable in whole or in part and there is no pending or, to the knowledge of the Company, threatened in writing proceeding by others challenging the validity or scope of any such Intellectual Property Rights, and the Company is unaware of any facts which are reasonably likely to form a basis for any such claimother Person.

Intellectual Property. Except as described disclosed in the Registration StatementStatement and the Prospectus, Prospectus or Disclosure Package or as would not reasonably be expected to, individually or in the aggregate, result in a Material Adverse Effect, (i) the Company and its Subsidiaries own or subsidiaries own, possess, license or can promptly acquire on reasonable terms, ownership, licenses or other legal have an exclusive option to license adequate rights to use all patents, trademarks, service marks, tradenamestrade names, copyrights, domain names, licenses, approvals, technology and know-how (including trade secrets and other unpatented and/or unpatentable proprietary or confidential information, systems or procedures) and other proprietary rights intellectual property rights, including registrations and applications for registration thereof (collectively, “Intellectual Property Rights”) necessary used or held to be used for their respective businesses the conduct of the Company’s business now conducted and as now proposed in the Registration Statement and the Prospectus to be conducted, except where the failure to own, possess or license such Intellectual Property Rights would not, individually or in the aggregate, reasonably be expected to have a Material Adverse Effect. Except as disclosed in the Registration Statement and the Prospectus and to the Company’s knowledge: (i) neither the Company nor any of its subsidiaries has materially infringed, misappropriated or otherwise violated the Intellectual Property Rights of any third party, and neither the manufacture of, nor the use or sale of, any of the product candidates described in the Registration Statement and the Prospectus will materially infringe or otherwise violate the Intellectual Property Rights of any third party and (ii) the Company believes it and its Subsidiaries have taken all commercially reasonable steps necessary there are no rights of third parties to establish and preserve their respective ownership of all Intellectual Property Rights owned by the Company or any of its Subsidiaries that is necessary for their respective businesses as now conducted, (iii) to the knowledge of the Company, there is no infringement, misappropriation or other violation of the Intellectual Property Rights owned by or exclusively licensed to the Company or any of its Subsidiaries subsidiaries. Except as would not, individually or in aggregate, if determined adversely to the Company or any of its subsidiaries, reasonably be expected to have a Material Adverse Effect, there is no pending or, to the Company’s knowledge, threatened action, suit, proceeding or claim by any third party, party (ivi) challenging the Company’s or any of its subsidiaries’ rights in or to the knowledge any of the Company, the present business, activities and products of ’s Intellectual Property Rights; (ii) alleging that the Company and or any of its Subsidiaries do not infringesubsidiaries have infringed, misappropriate misappropriated or otherwise violate violated any Intellectual Property Rights of any other person third party; or entity(iii) challenging the validity, (v) there is no proceeding pending or, scope or enforceability of any Intellectual Property Rights owned or exclusively licensed to the knowledge of the Company, threatened in writing, charging the Company or any of its Subsidiaries with subsidiaries, and in the case of each of (i), (ii) and (iii), the Company is unaware of any facts that would form a reasonable basis for any such action, suit, proceeding or claim. To the Company’s knowledge, there is no infringement, misappropriation misappropriation, breach or other violation default by others of any Intellectual Property Rights adversely held owned by a third party which has been filed, (vi) no proceedings have been instituted or are pending or, exclusively licensed to the knowledge of the Company, threatened in writing, which challenge the rights of the Company or any of its Subsidiaries to use the subsidiaries, and all Intellectual Property Rights owned by or licensed to the Company or any of its Subsidiariessubsidiaries are valid and enforceable, except as would not reasonably be expected, individually or in aggregate, to have a Material Adverse Effect. The Company and (vii) its subsidiaries have at all times taken reasonable steps in accordance with normal industry practice to maintain the confidentiality of all Intellectual Property Rights, the value of which to the Company and to its subsidiaries is contingent upon maintaining the confidentiality thereof. All founders, current and former employees and consultants involved in the development of the Intellectual Property Rights owned by and, to the knowledge of the Company, licensed, to for the Company or any of its subsidiaries have signed confidentiality and invention assignment agreements with the Company or any of its Subsidiaries, subsidiaries pursuant to which the Company or any of its subsidiaries either (i) has not been adjudged invalid or unenforceable in whole or in part obtained ownership of and there is no pending or, to the knowledge exclusive owner of the Company, threatened in writing proceeding by others challenging the validity or scope of any such Intellectual Property Rights, or (ii) has obtained a valid and unrestricted right to exploit such Intellectual Property Rights, sufficient for the conduct of the business as currently conducted and as proposed in the Registration Statement and the Company is unaware of any facts which are reasonably likely Prospectus to form a basis for any such claimbe conducted.

Intellectual Property. Except as described Subject to the qualifications set forth in the Registration Statementthis Section 4.13(c) below, Prospectus or Disclosure Package or as would not reasonably be expected to, individually or in the aggregate, result in a Material Adverse Effect, (i) the Company and and/or its Subsidiaries own or possessown, or can promptly acquire on reasonable termsare licensed or otherwise have the right to use, ownership, licenses or other legal rights to use all patents, inventions, trademarks, service marks, tradenamestrade names, domain names, copyrights, and registrations and applications for the foregoing, know-how, manufacturing processes, formulae, trade secrets or secrets, rights of publicity of natural persons and any other proprietary rights intangible property and assets which are material to the businesses of Company and its Subsidiaries as now conducted and as proposed to be conducted (collectively, the “Intellectual Property Rights”) necessary for their respective businesses ). Except as now conductedset forth on Schedule 4.13(c), (ii) the Company believes it does not have any Knowledge of, and its Subsidiaries have taken all commercially reasonable steps necessary to establish and preserve their respective ownership of all Intellectual Property Rights owned by the neither Company or nor any of its Subsidiaries that is necessary for their respective businesses as now conductedhas given any notice of, (iii) to the knowledge any pending conflicts with or infringement of the Company, there is no infringement, misappropriation or other violation of the Intellectual Property Rights owned by the Company or any of its Subsidiaries by any third party, (iv) to the knowledge of the Company, the present business, activities and products of the Company and its Subsidiaries do not infringe, misappropriate or otherwise violate any Intellectual Property Rights of any other person or entity, (v) there is no proceeding pending or, to the knowledge of the Company, threatened in writing, charging the Company or any of its Subsidiaries with infringement, misappropriation or other violation of any Intellectual Property Rights adversely held or Regulatory Approvals by a third party which has been filedany third-party, (vi) and no proceedings have been instituted action, suit, arbitration, or are pending legal, administrative or other proceedings, or investigation is pending, or, to the knowledge Knowledge of Company, threatened, which involves any Intellectual Property Rights and which could reasonably be expected to have a Material Adverse Effect. Except as set forth on Schedule 4.13(c), neither Company nor any of its Subsidiaries is subject to any judgment, order, writ, injunction or decree of any Governmental Authority or any arbitrator, or has entered into or is a party to any contract, which restricts or impairs the use of any such Intellectual Property Rights or Company’s or any of its Subsidiaries’ use of or right to use any of the Intellectual Property Rights and which could reasonably be expected to have a Material Adverse Effect. To the Knowledge of Company, threatened in writing, which challenge the rights of the no Intellectual Property Rights licensed to or by or otherwise used by Company or any of its Subsidiaries, no services rendered or products manufactured by or sold by Company or any of its Subsidiaries, and no conduct of the business of Company or any of its Subsidiaries, infringes upon or otherwise violates any intellectual property rights of any third-party. Except as set forth on Schedule 4.13(c), neither Company nor any of its Subsidiaries has received notice of any pending conflict with or infringement upon such third-party intellectual property rights. No claims have been asserted by any Person with respect to use the validity of or Company’s or any of its Subsidiaries’ ownership of or right to use, the Intellectual Property Rights owned by or licensed and, to the Knowledge of Company, there is no reasonable basis for any such claim to be successful. The Intellectual Property Rights are valid and enforceable and no registration or application relating thereto that is material to the business of Company or its SubsidiariesSubsidiaries has lapsed, expired or been abandoned or cancelled or is the subject of cancellation or other adversarial proceedings, and (vii) all applications therefore are pending and are in good standing. Company and its Subsidiaries have complied in all material respects with their respective contractual obligations relating to the Intellectual Property Rights owned by and, used pursuant to the knowledge of the Company, licensed, to the licenses. Company and its Subsidiaries, has not been adjudged invalid or unenforceable Subsidiaries take reasonable security measures that are adequate to retain trade secret protection in whole or in part and there the non-patented technology that is no pending or, material to the knowledge of the Company, threatened in writing proceeding by others challenging the validity or scope of any such Intellectual Property Rights, and the Company is unaware of any facts which are reasonably likely to form a basis for any such claimtheir business.

Intellectual Property. Except The Company and its subsidiaries own or possess rights in (i) patents, patent applications, trademarks, trademark registrations, service marks, service xxxx registrations, Internet domain name registrations, copyrights, copyright registrations, licenses, trade secret rights (“Intellectual Property Rights”) and (ii) inventions, software, works of authorships, trade marks, service marks, trade names, databases, formulae, know how, Internet domain names and other intellectual property (including trade secrets and other unpatented and/or unpatentable proprietary confidential information, systems, or procedures) (collectively, “Intellectual Property Assets”) necessary to conduct their respective businesses as currently conducted, and as proposed to be conducted and described in the Registration Statement, Prospectus or the General Disclosure Package or as would not reasonably be expected toand the Final Prospectus. To the Company’s knowledge, individually or in the aggregate, result in a Material Adverse Effect, (i) the Company and its Subsidiaries own or possess, or can promptly acquire on reasonable terms, ownership, licenses or other legal rights to use all patents, trademarks, service marks, tradenames, copyrights, trade secrets or other proprietary rights (collectively, “Intellectual Property Rights”) necessary for their respective businesses as now conducted, (ii) the Company believes it and its Subsidiaries have taken all commercially reasonable steps necessary to establish and preserve their respective ownership of all Intellectual Property Rights owned by the are valid and enforceable. The Company or and its subsidiaries have not received any opinion from their legal counsel concluding that any activities of its Subsidiaries that is necessary for their respective businesses as now conductedinfringe, (iii) to the knowledge of the Companymisappropriate, there is no infringementor otherwise violate, misappropriation or other violation of the valid and enforceable Intellectual Property Rights owned by of any third party and the Company or is unaware of any facts which would form a reasonable basis for such a conclusion. The Company and its subsidiaries have not received written notice of its Subsidiaries any challenge, which is to their knowledge after reasonable investigation is still pending, by any third party, (iv) other person to the knowledge of the Company, the present business, activities and products rights of the Company and its Subsidiaries do not infringe, misappropriate or otherwise violate subsidiaries with respect to any Intellectual Property Rights of any other person or entity, (v) there is no proceeding pending or, to the knowledge of the Company, threatened in writing, charging the Company or any of its Subsidiaries with infringement, misappropriation or other violation of any Intellectual Property Rights adversely held Assets owned or used by a third party which has been filed, (vi) no proceedings have been instituted or are pending or, to the knowledge of the Company, threatened in writing, which challenge the rights of the Company or any of its Subsidiaries to use the Intellectual Property Rights owned by or licensed to the Company or its Subsidiaries, and (vii) the Intellectual Property Rights owned by and, to the knowledge of the Company, licensed, to the Company and its Subsidiaries, has not been adjudged invalid or unenforceable in whole or in part and there is no pending or, to the knowledge of the Company, threatened in writing proceeding by others challenging the validity or scope of any such Intellectual Property Rightssubsidiaries, and the Company is unaware of any facts which are reasonably likely to would form a reasonable basis for any such claimchallenge. To the knowledge of the Company: (i) the Company and its subsidiaries’ respective businesses as now conducted do not infringe, misappropriate, or otherwise violate any valid and enforceable Intellectual Property Rights of any other person, nor would such infringement, misappropriation or violation arise upon the commercialization of any product or service described in the Registration Statement, the General Disclosure Package and the Final Prospectus as under development; (ii) there is no pending, threatened, or contemplated action, suit, proceeding or claim by others asserting any such infringement, misappropriation or violation; and (iii) except as described in the Registration Statement, the General Disclosure Package and the Final Prospectus, no claim has been made against the Company alleging the infringement by the Company of any patent, trademark, service xxxx, trade name, copyright, trade secret, license in or other intellectual property right or franchise right of any person. All licenses for the use of the Intellectual Property Rights described in the Registration Statement, the General Disclosure Package and the Final Prospectus are valid, binding upon, and enforceable by or against the parties thereto in accordance to its terms. The Company has complied in all material respects with, and is not in breach nor has received any asserted or threatened claim of breach of any intellectual property license, and the Company has no knowledge of any breach or anticipated breach by any other person to any intellectual property license. The Company has taken reasonable steps to protect, maintain and safeguard its Intellectual Property Rights, including the execution of appropriate nondisclosure and confidentiality agreements. The consummation of the transactions contemplated by this Agreement will not result in the loss or impairment of or payment of any additional amounts with respect to, nor require the consent of any other person in respect of, the Company’s right to own, use, or hold for use any of the Intellectual Property Rights as owned, used or held for use in the conduct of the business as currently conducted. The Company has at all times complied with all applicable laws relating to privacy, data protection, and the collection and use of personal information collected, used, or held for use by the Company in the conduct of the Company’s business. No claims have been asserted or threatened against the Company alleging a violation of any person’s privacy or personal information or data rights and the consummation of the transactions contemplated hereby will not breach or otherwise cause any violation of any law related to privacy, data protection, or the collection and use of personal information collected, used, or held for use by the Company in the conduct of the Company’s business. The Company takes reasonable measures to ensure that such information is protected against unauthorized access, use, modification, or other misuse. The Company has taken all necessary actions to obtain ownership of all works of authorship and inventions made by its employees, consultants and contractors during the time they were employed by or under contract with the Company and which relate to the Company’s business. All founders and key employees have signed confidentiality and invention assignment agreements with the Company. The product candidates described in the Registration Statement, the General Disclosure Package and the Final Prospectus as under development by the Company fall within the scope of the claims of one or more patents or patent applications owned by, or exclusively licensed to, the Company.

Intellectual Property. Except as described in the Registration Statement, Prospectus or Disclosure Package or as would not reasonably be expected to, individually or in the aggregate, result in a Material Adverse Effect, (i) the The Company and its Subsidiaries subsidiaries own or possess, or can promptly acquire on reasonable terms, ownership, licenses or other legal rights have the right to use all patents, patent rights, statutory invention rights, community designs, invention disclosures, rights in utility models and industrial designs, inventions, registered and unregistered copyrights (including copyrights in software), intellectual property rights in technology and software, data, knowhow (including trade secrets and other unpatented and/or unpatentable proprietary or confidential information, systems or procedures), trademarks, service marks, tradenames, copyrightsbusiness names, trade secrets names, logos, slogans, trade dress, design rights, Internet domain names, social media accounts, any other designations of source or origin, and any applications (including provisional applications), registrations, or renewals for any of the foregoing, rights to publicity and privacy and/or other proprietary rights intellectual property (collectively, “Intellectual Property RightsProperty”) used in or necessary for the conduct of their respective businesses as now conducted, businesses; (ii) the Company believes it and its Subsidiaries have taken all commercially reasonable steps necessary to establish and preserve their respective ownership of all Intellectual Property Rights owned by the Company or any of its Subsidiaries that is necessary for subsidiaries’ conduct their respective businesses as now conductedin a manner that does not infringe, misappropriate or otherwise violate, and has not infringed, misappropriated or otherwise violated, any Intellectual Property of any person; (iii) the Company and its subsidiaries have not received any written notice of, or are otherwise aware of, any claim relating to the knowledge of the CompanyIntellectual Property, there is no including any claim alleging any infringement, misappropriation or other violation of the of, or conflict regarding, any Intellectual Property Rights owned by the Company or any of its Subsidiaries by any a third party, and the Company and its subsidiaries are unaware of any fact which would form a reasonable basis for any such claim; and (iv) to the knowledge of the Company, the present business, activities and products Intellectual Property of the Company and its Subsidiaries do subsidiaries are not infringebeing and has not been infringed, misappropriate misappropriated or otherwise violate violated by any Intellectual Property Rights of any other person or entity, (v) and there is no pending or threatened action, suit, proceeding pending or, to the knowledge of the Company, threatened in writing, charging or claim by the Company or any of its Subsidiaries with infringement, misappropriation or other violation of any Intellectual Property Rights adversely held by subsidiaries against a third party regarding the foregoing. (I) The Company and its subsidiaries have complied in all material respects with the terms of each agreement pursuant to which Intellectual Property has been filed, (vi) no proceedings have been instituted or are pending or, to the knowledge of the Company, threatened in writing, which challenge the rights of the Company or any of its Subsidiaries to use the Intellectual Property Rights owned by or licensed to the Company or its Subsidiariessubsidiaries, (II) neither the Company nor its subsidiaries have received any written notice alleging any such noncompliance, and (viiIII) the all such agreements are in full force and effect. All Intellectual Property Rights owned by and, to the knowledge of the Company, licensed, or exclusively licensed to the Company (such Intellectual Property, the “Company Intellectual Property”) is valid, subsisting and its Subsidiaries, has not been adjudged invalid or unenforceable in whole or in part enforceable and there is no pending or, to the knowledge of the Company’s knowledge, threatened in writing action, suit, proceeding or claim by others any third party challenging the validity validity, ownership, registrability, scope or scope enforceability of any such Company Intellectual Property Rights, and the Company is and its subsidiaries are unaware of any facts or circumstances which are reasonably likely to would form a reasonable basis for any such claim. All Company Intellectual Property has been duly maintained and is in full force and effect, and all actions or fees necessary to prosecute or maintain the Company Intellectual Property have been timely taken, met or paid and there are no material defects in any of the Company Intellectual Property. Each person who is or was an employee or contractor of the Company or its subsidiaries and who is, was or, in the case of current employees and contractors, is reasonably expected to be involved in the creation or development of any Intellectual Property for or on behalf of the Company has executed a valid, written agreement containing an effective, present and valid assignment to the Company or its subsidiaries of such person’s rights in and to such Intellectual Property. The Company is not aware of any violation by any current or former employee of the Company or its subsidiaries of any term of any agreement or covenant to or with a former employer of such employee where the basis of such violation relates to such employee’s employment with the Company or its subsidiaries or actions undertaken by the employee while employed with the Company or its subsidiaries. The Company has taken all reasonable steps necessary to maintain the confidentiality of the trade secrets and other confidential Intellectual Property used in connection with the business of the Company and its subsidiaries, and the confidentiality of such trade secrets and confidential Intellectual Property has not been compromised in such a matter would deprive the Company’s trade secrets from the protections afforded to trade secrets under the applicable law, or which would preclude the Company from enforcing confidentiality obligations against persons who have agreed, or otherwise have a duty to, maintain the confidentiality of such material confidential Intellectual Property. No Intellectual Property has been obtained or is being used by the Company or its subsidiaries in violation of any material contractual obligations binding on the Company or its subsidiaries in violation of any contractual rights of any person. No university, military, educational institution, research center, governmental entity or other organization has funded, sponsored or contributed to research and development conducted in connection with the business of the Company or its subsidiaries that (1) has any claim of right to, ownership of or other lien on any Intellectual Property Rights or (2) would affect the proprietary nature of any Company Intellectual Property or restrict the ability of the Company or its subsidiaries to enforce, license or exclude others from using any Company Intellectual Property.

Intellectual Property. Except Other than as described set forth in the Registration Statement, Prospectus or Disclosure Package or as would not reasonably be expected to, individually or in the aggregate, result in a Material Adverse Effect, Recent Reports: (ia) the Company and its Subsidiaries own Seller or possess, or can promptly acquire on reasonable terms, ownership, licenses or other legal rights a Subsidiary thereof has the right to use or is the sole and exclusive owner of all right, title and interest in and to all foreign and domestic patents, patent rights, patent applications, trademarks, service marks, tradenamestrade names, copyrightsbrands and copyrights (whether or not registered and, trade secrets if applicable, including pending applications for registration) owned, used or other proprietary rights controlled by the Seller and its Subsidiaries (collectively, “Intellectual Property the "Rights”") necessary for their respective businesses as now conductedand in and to each material invention, (ii) software, trade secret, technology, product, composition, formula, method of process used by the Company believes it Seller and any intangible property and assets that are material to the business of the Seller or its Subsidiaries have taken all commercially reasonable steps necessary (the Rights and such other items, the "Intellectual Property"), and has the right to establish use the same, free and preserve their respective ownership clear of all Intellectual Property Rights owned any claim or conflict with the rights of others; (b) no royalties or fees (license or otherwise) are payable by the Company Seller or any of its Subsidiaries that is necessary for their respective businesses as now conducted, (iii) to the knowledge any Person by reason of the Company, there is no infringement, misappropriation ownership or other violation use of any of the Intellectual Property Rights owned by the Company or any of its Subsidiaries by any third party, except as set forth on Schedule 3.15; (ivc) to the knowledge Seller's knowledge, there have been no claims made against the Seller or any Subsidiary asserting the invalidity, abuse, misuse, or unenforceability of any of the CompanyIntellectual Property, and, to each of their knowledge, there are no reasonable grounds for any such claims; (d) neither the present businessSeller nor any subsidiary has made any claim of any violation or infringement by others of its rights in the Intellectual Property, activities and products to the best of their knowledge, no reasonable grounds for such claims exist; and (e) neither the Seller nor any Subsidiary has received any notice that it is in conflict with or infringing upon the asserted rights of others in connection with the Intellectual Property, and to the best of their knowledge, no reasonable grounds for such claims exist. Each of the Company Seller and its Subsidiaries do not infringe, misappropriate or otherwise violate any Intellectual Property Rights of any other person or entity, (v) there is no proceeding pending or, has taken security measures designed to the knowledge of the Company, threatened enable it to assert trade secret protection in writing, charging the Company or any of its Subsidiaries with infringement, misappropriation or other violation of any Intellectual Property Rights adversely held by a third party which has been filed, (vi) no proceedings have been instituted or are pending or, to the knowledge of the Company, threatened in writing, which challenge the rights of the Company or any of its Subsidiaries to use the Intellectual Property Rights owned by or licensed to the Company or its Subsidiaries, and (vii) the Intellectual Property Rights owned by and, to the knowledge of the Company, licensed, to the Company and its Subsidiaries, has not been adjudged invalid or unenforceable in whole or in part and there is no pending or, to the knowledge of the Company, threatened in writing proceeding by others challenging the validity or scope of any such Intellectual Property Rights, and the Company is unaware of any facts which are reasonably likely to form a basis for any such claimnon-patented technology.

Intellectual Property. Except as otherwise described in in, or incorporated by reference into, the Registration Statement, Prospectus or Disclosure Package or as would not reasonably be expected to, individually or in the aggregate, result in a Material Adverse Effect, (i) the Company and its Subsidiaries own or possess, or can promptly acquire on reasonable terms, ownership, licenses or other legal rights to use all patents, trademarks, service marks, tradenames, copyrights, trade secrets or other proprietary rights (collectively, “Intellectual Property Rights”) necessary for their respective businesses as now conducted, (ii) the Company believes it and its Subsidiaries have taken all commercially reasonable steps necessary to establish and preserve their respective ownership of all Intellectual Property Rights owned by the Company or any of its Subsidiaries that is necessary for their respective businesses as now conducted, (iii) to the knowledge of the Company, there is no infringement, misappropriation or other violation of the Intellectual Property Rights owned by the Company or any of its Subsidiaries by any third party, (iv) to the knowledge of the Company, the present business, activities and products of the Company and its Subsidiaries do not infringe, misappropriate or otherwise violate any Intellectual Property Rights of any other person or entity, (v) there is no proceeding pending or, to the knowledge of the Company, there is no proceeding pending or threatened in writing, charging the Company or any of its Subsidiaries with infringement, misappropriation or other violation of any Intellectual Property Rights adversely held by a third party which has been filed, (vi) to the knowledge of the Company, no proceedings have been instituted or are pending or, to the knowledge of the Company, or threatened in writing, which challenge the rights of the Company or any of its Subsidiaries to use the Intellectual Property Rights owned by or licensed to the Company or its Subsidiaries, and (vii) the Intellectual Property Rights owned by and, to the knowledge of the Company, licensed, to the Company and its Subsidiaries, has not been adjudged invalid or unenforceable in whole or in part and there is no pending or, to the knowledge of the Company, there is no pending or threatened in writing proceeding by others challenging the validity or scope of any such Intellectual Property Rights, and the Company is unaware of any facts which are reasonably likely to form a basis for any such claim.

Intellectual Property. Schedule 3.23 sets forth a list of all material registered and material unregistered Intellectual Property (as defined below) owned by the Company and used in the conduct of its business and all agreements granting any right to use or practice any right relating to the Intellectual Property currently used in the conduct of the Company's business (the "Licenses") as of the date hereof. Except as described set forth in the Registration StatementDisclosure Statement (i) the Company is the sole owner of all of its rights under the Licenses free and clear of any liens, Prospectus claims, encumbrances or Disclosure Package interests; (ii) the Company is the sole owner of, or has a valid right to use pursuant to a License, all patents and patent applications, registered and unregistered trademarks, service marks, trade names, trade dress, logos, company names and other source or business identifiers, including all goodwill associated therewith, the names, likenesses and other attributes of individuals, registered and unregistered copyrights, computer programs and databases, trade secrets, proprietary technology, know-how, industrial designs and other confidential information and any pending applications for any of the foregoing (collectively, the "Intellectual Property") currently used in the conduct of the Company's business, free and clear of any liens, claims, encumbrances or interests; (iii) to the Company's best knowledge, the present operations of the Company do not, and its past operations did not, infringe upon, violate, interfere or conflict with the rights of others with respect to any Intellectual Property, and no claim is pending or, to the Company's best knowledge, threatened, to this effect; (iv) to the Company's best knowledge, none of the Intellectual Property is invalid or unenforceable, or has not been used or enforced or has failed to be used or enforced in a manner that would result in the abandonment, cancellation or unenforceability of any of the Intellectual Property and no claim is pending or, to the Company's best knowledge, threatened, to this effect; (v) no License provision or any other contract, agreement or understanding to which the Company is a party would prevent the continued use by the Company (as currently used by the Company) of any Intellectual Property following the consummation of the transactions contemplated hereby; (vi) to the Company's best knowledge, no person is infringing upon or otherwise violating any Intellectual Property or License; and (vii) there are no claims pending or, to the Company's best knowledge, threatened in connection with any License, in all cases in clauses (i) through (vii) of this Section 3.23 with only such exceptions as would not reasonably be expected tonot, individually or in the aggregate, result in have a Material Adverse Effect, (i) the Company and its Subsidiaries own or possess, or can promptly acquire on reasonable terms, ownership, licenses or other legal rights to use all patents, trademarks, service marks, tradenames, copyrights, trade secrets or other proprietary rights (collectively, “Intellectual Property Rights”) necessary for their respective businesses as now conducted, (ii) the Company believes it and its Subsidiaries have taken all commercially reasonable steps necessary to establish and preserve their respective ownership of all Intellectual Property Rights owned by the Company or any of its Subsidiaries that is necessary for their respective businesses as now conducted, (iii) to the knowledge of the Company, there is no infringement, misappropriation or other violation of the Intellectual Property Rights owned by the Company or any of its Subsidiaries by any third party, (iv) to the knowledge of the Company, the present business, activities and products of the Company and its Subsidiaries do not infringe, misappropriate or otherwise violate any Intellectual Property Rights of any other person or entity, (v) there is no proceeding pending or, to the knowledge of the Company, threatened in writing, charging the Company or any of its Subsidiaries with infringement, misappropriation or other violation of any Intellectual Property Rights adversely held by a third party which has been filed, (vi) no proceedings have been instituted or are pending or, to the knowledge of the Company, threatened in writing, which challenge the rights of the Company or any of its Subsidiaries to use the Intellectual Property Rights owned by or licensed to the Company or its Subsidiaries, and (vii) the Intellectual Property Rights owned by and, to the knowledge of the Company, licensed, to the Company and its Subsidiaries, has not been adjudged invalid or unenforceable in whole or in part and there is no pending or, to the knowledge of the Company, threatened in writing proceeding by others challenging the validity or scope of any such Intellectual Property Rights, and the Company is unaware of any facts which are reasonably likely to form a basis for any such claim.

Intellectual Property. (a) Except as described in the Registration Statement, Prospectus or Disclosure Package or as would not reasonably be expected to, individually or in the aggregate, result in to have a Company Material Adverse Effect, (i) the conduct of the business of the Company and its the Subsidiaries own as currently conducted does not infringe upon or possess, or can promptly acquire on reasonable terms, ownership, licenses or other legal rights to use all patents, trademarks, service marks, tradenames, copyrights, trade secrets or other proprietary rights (collectively, “misappropriate the Intellectual Property Rights”) necessary for their respective businesses rights of any third party, and no claim has been asserted to the Company or any Subsidiary that the conduct of the business of the Company and the Subsidiaries as now conducted, currently conducted infringes upon or may infringe upon or misappropriates the Intellectual Property rights of any third party; (ii) the Company believes it and its Subsidiaries have taken all commercially reasonable steps necessary with respect to establish and preserve their respective ownership each item of all Intellectual Property Rights that is owned by the Company or any a Subsidiary ("Owned Intellectual Property"), the Company or a Subsidiary is the owner of the entire right, title and interest in and to such Owned Intellectual Property and is entitled to use such Owned Intellectual Property in the continued operation of its Subsidiaries that is necessary for their respective businesses as now conducted, business; (iii) with respect to the knowledge each item of the Company, there is no infringement, misappropriation or other violation of the Intellectual Property Rights owned that is licensed to or otherwise held or used by the Company or any a Subsidiary ("Licensed Intellectual Property"), the Company or a Subsidiary has the right to use such Licensed Intellectual Property in the continued operation of its Subsidiaries by any third party, respective business in accordance with the terms of the license agreement governing such Licensed Intellectual Property; (iv) to the knowledge none of the Company, the present business, activities and products of the Company and its Subsidiaries do not infringe, misappropriate or otherwise violate any Owned Intellectual Property Rights of any other person or entity, (v) there is no proceeding pending or, to the knowledge of the Company, threatened in writing, charging the Company or any of its Subsidiaries with infringement, misappropriation or other violation of any Intellectual Property Rights adversely held by a third party which has been filed, (vi) no proceedings have been instituted or are pending or, to the knowledge of the Company, threatened in writing, which challenge the rights of the Company or any of its Subsidiaries to use the Intellectual Property Rights owned by or licensed to the Company or its Subsidiaries, and (vii) the Intellectual Property Rights owned by and, to the knowledge of the Company, licensed, to the Company and its Subsidiaries, has not been adjudged invalid or unenforceable in whole or in part and there is no pending orand, to the knowledge of the Company, threatened the Owned Intellectual Property is valid and enforceable; (v) to the knowledge of the Company, no person is engaging in writing proceeding by others challenging any activity that infringes upon the validity Owned Intellectual Property; (vi) to the knowledge of the Company, each license of the Licensed Intellectual Property is valid and enforceable, is binding on all parties to such license, and is in full force and effect; (vii) to the knowledge of the Company, no party to any license of the Licensed Intellectual Property is in breach thereof or scope default thereunder; (viii) the Company has taken all reasonable actions (including executing non-disclosure and intellectual property assignment agreements) to protect, preserve and maintain the Owned Intellectual Property; and (ix) neither the execution of this Agreement nor the consummation of any such Transaction shall adversely affect any of the Company's rights with respect to the Owned Intellectual Property Rights, and or the Company is unaware of any facts which are reasonably likely to form a basis for any such claimLicensed Intellectual Property.

Intellectual Property. To the Company’s knowledge, after reasonable inquiry, all patents and patent applications owned by the Company are owned or co-owned by the Company free and clear of all liens or encumbrances, except as described in the Prospectus. The Company is not aware of any valid or bona fide basis for a finding that any such patents in their entirety are unpatentable, invalid or unenforceable; and the Company reasonably believes that such patents are valid and enforceable, except as described in the Prospectus. Except as described in the Registration StatementProspectus, the Company owns, licenses, or possesses rights to use all patents, patent applications, inventions, copyrights, know-how (including trade secrets and other unpatented and/or unpatentable proprietary or confidential information, systems or procedures), trademarks, service marks, trade names and other intellectual property (collectively, “Intellectual Property”) used in, held for use in or necessary for the conduct of the Company’s business as now conducted, and for the manufacture, use and sale of its presently proposed products, as described in the Prospectus. Except as described in the Prospectus or Disclosure Package or as would not reasonably be expected toexpected, individually or in the aggregate, result in a Material Adverse Effect, (i) to materially impair the Company and its Subsidiaries own or possessbusiness currently conducted by the Company, or can promptly acquire on reasonable termsthe manufacture, ownershipuse, licenses sale, offer for sale or other legal rights to use all patents, trademarks, service marks, tradenames, copyrights, trade secrets or other proprietary rights (collectively, “Intellectual Property Rights”) necessary for their respective businesses as now conducted, (ii) the Company believes it and its Subsidiaries have taken all commercially reasonable steps necessary to establish and preserve their respective ownership of all Intellectual Property Rights owned by the Company or any import of its Subsidiaries that is necessary for their respective businesses presently proposed products as now conducted, (iii) to described in the knowledge of the CompanyProspectus, there is no infringementpending or threatened, misappropriation action, suit, proceeding or other violation of claim by others (i) that the Company infringes, misappropriates or otherwise violates the Intellectual Property Rights owned by of others, or (ii) challenging the Company validity, enforceability, scope or any of its Subsidiaries by any third party, (iv) to the knowledge of the Company, the present business, activities and products of the Company and its Subsidiaries do not infringe, misappropriate or otherwise violate any Intellectual Property Rights of any other person or entity, (v) there is no proceeding pending or, to the knowledge of the Company, threatened in writing, charging the Company or any of its Subsidiaries with infringement, misappropriation or other violation ownership of any Intellectual Property Rights adversely held by a third party which has been filed, (vi) no proceedings have been instituted or are pending or, to the knowledge of the Company, threatened in writing, which challenge the rights of the Company or any of its Subsidiaries to use the Intellectual Property Rights owned by or licensed to the Company or its Subsidiaries, and (vii) the Company’s rights therein. None of the Intellectual Property Rights used or held for use by the Company in the conduct of its business as now conducted, or for the manufacture, use and sale of its presently proposed products as described in the Prospectus, has been obtained or is being used by the Company in material violation of any contractual obligation binding on the Company. To the Company’s knowledge, there are no ongoing infringements, misappropriations or other violations by third parties of any Intellectual Property owned or used by and, to the knowledge of the Company, licensedexcept as (i) described in the Prospectus or (ii) would otherwise not materially impair the business currently conducted by the Company or the manufacture, use, sale, offer for sale or import of its presently proposed products as described in the Prospectus. The Company has taken reasonable steps in accordance with normal industry practice to maintain the confidentiality of all Intellectual Property the value of which to the Company and its Subsidiaries, has not been adjudged invalid or unenforceable in whole or in part and there is no pending or, to contingent upon maintaining the knowledge of the Company, threatened in writing proceeding by others challenging the validity or scope of any such Intellectual Property Rights, and the Company is unaware of any facts which are reasonably likely to form a basis for any such claimconfidentiality thereof.

Intellectual Property. Except as described set forth in the Registration Statement, Prospectus or Disclosure Package or Alpha Filed SEC Reports and except as would not reasonably be expected tonot, individually or in the aggregate, result in reasonably be expected to have a Material Adverse Effect, Effect on Alpha and its Subsidiaries: (i) Alpha and each of its Subsidiaries owns, or is licensed to use (in each case, free and clear of any Liens), all Intellectual Property (as defined below) used in or necessary for the Company conduct of its business as currently conducted; (ii) to the Knowledge of Alpha, the use of any Intellectual Property by Alpha and its Subsidiaries own does not infringe on or possess, or can promptly acquire on reasonable terms, ownership, licenses or other legal otherwise violate the rights to of any Person; (iii) the use all patents, trademarks, service marks, tradenames, copyrights, trade secrets or other proprietary rights (collectively, “of Intellectual Property Rights”) necessary for their respective businesses as now conducted, (ii) the Company believes it by or on behalf of Alpha and its Subsidiaries have taken all commercially reasonable steps necessary is in accordance with any applicable license pursuant to establish and preserve their respective ownership of all Intellectual Property Rights owned by the Company which Alpha or any of its Subsidiaries that is necessary for their respective businesses as now conducted, (iii) Subsidiary acquired the right to the knowledge of the Company, there is no infringement, misappropriation or other violation of the use any Intellectual Property Rights owned by the Company or any of its Subsidiaries by any third party, Property; (iv) to the knowledge Knowledge of the CompanyAlpha, the present businessno Person is challenging, activities and products of the Company and its Subsidiaries do not infringe, misappropriate infringing on or otherwise violate violating any Intellectual Property Rights right of any other person or entity, (v) there is no proceeding pending or, to the knowledge of the Company, threatened in writing, charging the Company Alpha or any of its Subsidiaries with infringement, misappropriation or other violation of respect to any Intellectual Property Rights adversely held by a third party which has been filed, (vi) no proceedings have been instituted or are pending or, to the knowledge of the Company, threatened in writing, which challenge the rights of the Company or any of its Subsidiaries to use the Intellectual Property Rights owned by or and/or licensed to the Company Alpha or its Subsidiaries, ; and (viiv) the Alpha does not have any Knowledge of any pending claim, order or proceeding with respect to any use of Intellectual Property Rights owned by Alpha and its Subsidiaries and, to the knowledge Knowledge of Alpha, no Intellectual Property owned and/or licensed by Alpha or its Subsidiaries is being used or enforced in a manner that would reasonably be expected to result in the Companyabandonment, licensedcancellation or unenforceability of such Intellectual Property. For purposes of this Agreement, "Intellectual Property" shall mean trademarks, service marks, brand names, certification marks, trade dress and other indications of origin, the goodwill associated with the foregoing and registrations in any jurisdiction of, and applications in any jurisdiction to register, the Company foregoing, including any extension, modification or renewal of any such registration or application; inventions, discoveries and its Subsidiariesideas, has not been adjudged invalid whether patentable or unenforceable not, in whole or any jurisdiction; patents, applications for patents (including divisions, continuations, continuations in part and there is no pending orrenewal applications), and any renewals, extensions or reissues thereof and rights to the knowledge apply for any of the Companyforegoing, threatened in writing proceeding any jurisdiction; nonpublic information, trade secrets and confidential information and rights in any jurisdiction to limit the use or disclosure thereof by others challenging the validity any Person; writings and other works, whether copyrightable or scope not, in any jurisdiction; and registrations or applications for registration of copyrights in any such Intellectual Property Rightsjurisdiction, and the Company is unaware of any facts which are reasonably likely to form a basis for renewals or extensions thereof; and any such claimsimilar intellectual property or proprietary rights.

Intellectual Property. (a) Except as described in the Registration Statement, Prospectus or Disclosure Package or as has not had and would not reasonably be expected toto have, individually or in the aggregate, result in a Company Material Adverse Effect, (i) the Company or a Company Subsidiary owns free and its Subsidiaries own clear of all Liens or possesshas the defensible right to use, or can promptly acquire on reasonable terms, whether through ownership, licenses licensing or other legal rights to use all patentsotherwise, trademarks, service marks, tradenames, copyrights, trade secrets or other proprietary rights (collectively, “Intellectual Property Rights”) necessary for their respective businesses as now conducted, (ii) the Company believes it and its Subsidiaries have taken all commercially reasonable steps necessary to establish and preserve their respective ownership of all Intellectual Property Rights owned used in the ADS Business (“Company Intellectual Property”) in each case in substantially the same manner as such Company Intellectual Property is used in connection with the ADS Business as conducted on the date hereof. Except as set forth in Section 3.15 of the Company Disclosure Schedule and except as has not had and would not reasonably be expected to have, individually or in the aggregate, a Company Material Adverse Effect (a) no written claim of invalidity or conflicting ownership rights has been made or, to the Company’s knowledge, threatened by a third party with respect to any Company Intellectual Property and no Company Intellectual Property is the subject of any pending or, to the Company’s knowledge, threatened action, suit, claim, investigation, arbitration or other proceeding, (b) no registration for any Company Intellectual Property has been cancelled, abandoned or adjudicated invalid, (c) no Person has given notice to the Company or any Company Subsidiary that the use of its Subsidiaries any Company Intellectual Property by the Company, any Company Subsidiary or any licensee is infringing or has infringed any third party’s domestic or foreign rights in or to any Intellectual Property, or that is necessary for their respective businesses as now conductedthe Company, any Company Subsidiary or any licensee has misappropriated or improperly used or disclosed any trade secret, confidential or proprietary information or know-how, (iiid) to the knowledge Company’s knowledge, none of the Company, there is no infringement, misappropriation or other violation of the Company Intellectual Property Rights owned by the Company has been or any of its Subsidiaries is currently being infringed, misappropriated or otherwise violated by any third party, (ive) to the knowledge making, using, selling, manufacturing, marketing, licensing, reproduction, distribution or publishing of any process, machine or product, or any component thereof, does not and will not infringe any domestic or foreign rights of any third party, and does not and will not involve the misappropriation or improper use or disclosure of any trade secrets, confidential or proprietary information or know-how of any third party, (f) there exists no prior act or current conduct or use by the Company, the present businessany Company Subsidiary or any third party that would void or invalidate any Company Intellectual Property, activities and products of (g) the Company and its Subsidiaries do not infringe, misappropriate or otherwise violate any each Company Subsidiary has taken reasonable measures to safeguard the confidentiality and value of all Company Intellectual Property Rights of any comprising trade secrets or other person or entityconfidential information, (vh) there is no proceeding pending or, third party has any joint ownership interest in or to the knowledge of the Company, threatened any Company Intellectual Property in writing, charging which the Company or any Company Subsidiary claims an ownership right and (i) the execution, delivery and performance of its Subsidiaries this Agreement by the Company and the consummation of the Transactions will not breach, violate or conflict with infringementany instrument or agreement concerning any Company Intellectual Property, misappropriation will not cause the forfeiture or other violation termination or give rise to a right of forfeiture or termination of any Intellectual Property Rights adversely held by a third party which has been filed, (vi) no proceedings have been instituted rights in or are pending or, to the knowledge of the Company, threatened in writing, which challenge the rights of the Company or any of its Subsidiaries to use the Intellectual Property Rights owned by or licensed to the Company or its Subsidiaries, and (vii) the Intellectual Property Rights owned by andor impair the right of the Purchaser or the Surviving Corporation to make, use, sell, license or dispose of, or to bring any action for the infringement of, any Company Intellectual Property in the same manner as the Company has prior to the knowledge of the Company, licensed, to the Company and its Subsidiaries, has not been adjudged invalid or unenforceable in whole or in part and there is no pending or, to the knowledge of the Company, threatened in writing proceeding by others challenging the validity or scope of any such Intellectual Property Rights, and the Company is unaware of any facts which are reasonably likely to form a basis for any such claimdate hereof.

Intellectual Property. Except (i) The Companies, the Guarantor and each of their respective subsidiaries own or have sufficient rights to use (A) to its knowledge, all patents and patent applications, and (B) all trademarks, service marks, trade names, trademark registrations, service xxxx registrations, domain names and other source indicators, copyrights and copyrightable works, know-how, trade secrets, systems, procedures, proprietary or confidential information and all other worldwide intellectual property, industrial property and proprietary rights (collectively, “Intellectual Property”) used in the operation of their respective businesses as described in the Registration Statement, Prospectus or the Pricing Disclosure Package or as would not reasonably be expected to, individually or in and the aggregate, result in a Material Adverse Effect, (i) the Company and its Subsidiaries own or possess, or can promptly acquire on reasonable terms, ownership, licenses or other legal rights to use all patents, trademarks, service marks, tradenames, copyrights, trade secrets or other proprietary rights (collectively, “Intellectual Property Rights”) necessary for their respective businesses as now conducted, Prospectus; (ii) the Company believes it and its Subsidiaries have taken all commercially reasonable steps necessary to establish and preserve their respective ownership of all Intellectual Property Rights owned by the Company or any of its Subsidiaries that is necessary for their respective businesses as now conducted, (iii) to the knowledge of the Company, there is no infringement, misappropriation or other violation of Companies and the Intellectual Property Rights owned by the Company or any of its Subsidiaries by any third party, (iv) to the knowledge of the CompanyGuarantor, the present businessCompanies’, activities the Guarantor’s and products each of their respective subsidiaries’ conduct of their respective businesses as described in the Company Registration Statement, the Pricing Disclosure Package and its Subsidiaries do the Prospectus does not infringe, misappropriate or otherwise violate any Intellectual Property Rights of any other person or entityperson; (iii) the Companies, the Guarantor and each of their respective subsidiaries have not received any written notice of any infringement claim relating to Intellectual Property; and (viv) there is no proceeding pending or, to the knowledge of the CompanyCompanies and the Guarantor, threatened the Intellectual Property of the Companies, the Guarantor and each of their respective subsidiaries is not being infringed, misappropriated or otherwise violated by any person, except in writing, charging the Company case of each of clauses (i)-(iv) where the failure to own or any of its Subsidiaries with have the right to use such Intellectual Property or such infringement, misappropriation or other violation (if the subject of any Intellectual Property Rights adversely held by a third party which has been filed, (vi) no proceedings have been instituted an unfavorable ruling or are pending or, decision as to the knowledge of Companies, the Company, threatened in writing, which challenge the rights of the Company Guarantor or any of its Subsidiaries their respective subsidiaries) would not reasonably be expected to use the Intellectual Property Rights owned by or licensed to the Company or its Subsidiaries, and (vii) the Intellectual Property Rights owned by and, to the knowledge of the Company, licensed, to the Company and its Subsidiaries, has not been adjudged invalid or unenforceable in whole or in part and there is no pending or, to the knowledge of the Company, threatened in writing proceeding by others challenging the validity or scope of any such Intellectual Property Rights, and the Company is unaware of any facts which are reasonably likely to form have a basis for any such claimMaterial Adverse Effect.

Intellectual Property. Except The Company and each of its Subsidiaries owns, possesses or has valid and enforceable licenses to use, or can acquire on reasonable terms, all Intellectual Property (as defined below) necessary for the conduct of the Company’s and it Subsidiaries’ business as now conducted or as described in the Registration StatementStatement and the Prospectus to be conducted, Prospectus except as such failure to own, possess, or Disclosure Package or as acquire such rights would not reasonably be expected to, individually or in the aggregate, result in a Material Adverse Effect. Furthermore, (i) the Company and its Subsidiaries own or possess, or can promptly acquire on reasonable terms, ownership, licenses or other legal rights to use all patents, trademarks, service marks, tradenames, copyrights, trade secrets or other proprietary rights (collectively, “Intellectual Property Rights”) necessary for their respective businesses as now conducted, (ii) the Company believes it and its Subsidiaries have taken all commercially reasonable steps necessary to establish and preserve their respective ownership of all Intellectual Property Rights owned by the Company or any of its Subsidiaries that is necessary for their respective businesses as now conducted, (iiiA) to the knowledge of the Company, there is no infringement, misappropriation or other violation by third parties of the any such Intellectual Property Rights owned by the Company or any of its Subsidiaries by any third party, (iv) to the knowledge of the CompanyProperty, the present business, activities and products effect of the Company and its Subsidiaries do not infringe, misappropriate or otherwise violate any Intellectual Property Rights of any other person or entity, which would have a Material Adverse Effect; (vB) there is no proceeding pending or, to the knowledge of the Company, threatened in writingthreatened, charging action, suit, proceeding or claim by others challenging the Company Company’s or any of its Subsidiaries with infringementSubsidiaries’ rights in or to any such Intellectual Property, misappropriation or other violation the effect of any which would have a Material Adverse Effect; (C) the Intellectual Property Rights adversely held owned by a third party which has been filedthe Company and its Subsidiaries, (vi) no proceedings have been instituted or are pending or, and to the knowledge of the Company, threatened in writing, which challenge the rights of the Company or any of its Subsidiaries to use the Intellectual Property Rights owned by or licensed to the Company or its Subsidiaries, and (vii) the Intellectual Property Rights owned by and, to the knowledge of the Company, licensed, to the Company and its Subsidiaries, has not been adjudged invalid or unenforceable unenforceable, in whole or in part part, and there is no pending or, to the knowledge of the Company, threatened in writing action, suit, proceeding or claim by others challenging the validity or scope of any such Intellectual Property, the effect of which would have a Material Adverse Effect; (D) there is no pending or, to the knowledge of the Company, threatened action, suit, proceeding or claim by others that the Company or any of its Subsidiaries infringes, misappropriates or otherwise violates any Intellectual Property Rightsor other proprietary rights of others, and neither the Company or any of its Subsidiaries has received any written notice of such claim, the effect of which would have a Material Adverse Effect; and (E) to the Company’s knowledge, no employee of the Company or any of its Subsidiaries is unaware in or has ever been in violation of any facts term of any employment contract, patent disclosure agreement, invention assignment agreement, non-competition agreement, non-solicitation agreement, nondisclosure agreement or any restrictive covenant to or with a former employer where the basis of such violation relates to such employee’s employment with the Company or any of its Subsidiaries or actions undertaken by the employee while employed with the Company or any of its Subsidiaries, the effect of which are reasonably likely to form would have a basis for any such claimMaterial Adverse Effect. “Intellectual Property” shall mean all patents, patent applications, trade and service marks, trade and service xxxx registrations, trade names, copyrights, licenses, inventions, trade secrets, domain names, technology, know-how and other intellectual property.

Intellectual Property. Except as described in the Registration Statement, Prospectus or Disclosure Package or as would not reasonably be expected to, individually or in the aggregate, result in a Material Adverse Effect, (i) the The Company and its Subsidiaries own or own, possess, or can promptly acquire on reasonable terms, ownership, licenses or other legal rights to use all patents, trademarks, service marks, tradenames, copyrights, trade secrets or other proprietary rights (collectively, “Intellectual Property Rights”(as defined below) necessary for their respective businesses the conduct of the Company’s or any Subsidiary’s business as now conducted or as described in the SEC Reports to be conducted, (ii) and there are no unreleased liens or security interests which have been filed against any of the Company believes it and its Subsidiaries have taken all commercially reasonable steps necessary to establish and preserve their respective ownership of all Intellectual Property Rights patents owned by the Company or any of its Subsidiaries that is necessary for their respective businesses as now conductedSubsidiaries. Furthermore, (iiii) to the knowledge of the Company, there is no infringement, misappropriation or other violation of the Intellectual Property Rights owned by the Company or any of its Subsidiaries by any third party, (iv) to the knowledge of the Company, the present business, activities and products of the Company and its Subsidiaries do not infringe, misappropriate or otherwise violate any Intellectual Property Rights parties of any other person or entity, such Intellectual Property; (vii) there is no proceeding pending or, to the knowledge of the Company, threatened threatened, action, suit, Proceeding or other claim by others challenging the Company’s or any Subsidiary’s rights in writingor to any such Intellectual Property, charging and the Company is unaware of any facts which would form a reasonable basis for any such claim; (iii) the Intellectual Property owned by the Company or any of its Subsidiaries with infringementSubsidiaries, misappropriation or other violation of any Intellectual Property Rights adversely held by a third party which has been filed, (vi) no proceedings have been instituted or are pending or, and to the knowledge of the Company, threatened in writing, which challenge the rights of the Company or any of its Subsidiaries to use the Intellectual Property Rights owned by or licensed to the Company or its Subsidiaries, and (vii) the Intellectual Property Rights owned by and, to the knowledge of the Company, licensed, to the Company and its Subsidiaries, has not been adjudged invalid or unenforceable unenforceable, in whole or in part part, and there is no pending or, to the knowledge of the Company, threatened in writing proceeding action, suit, Proceeding or other claim by others challenging the validity or scope of any such Intellectual Property, and the Company is not aware of any facts which would form a reasonable basis for any such claim; (iv) there is no pending or, to the knowledge of the Company, threatened action, suit, Proceeding or other claim by others that the Company or any of its Subsidiaries infringes, misappropriates or otherwise violates any Intellectual Property Rightsor other proprietary rights of others, neither the Company nor any of its Subsidiaries has received any written notice of such claim and the Company is unaware of any facts other fact which are reasonably likely to would form a reasonable basis for any such claim; (v) the Company and its Subsidiaries have complied with the material terms of each agreement pursuant to which Intellectual Property has been licensed to the Company or its Subsidiaries, and all such agreements are in full force and effect; and (vi) any product candidates described in the SEC Reports as under development by the Company or its Subsidiaries fall within the scope of the claims of one or more patents or applications relating to the product candidate or its intended use owned by, or exclusively licensed to, the Company or its Subsidiaries; and (vii) to the Company’s knowledge, no employee of the Company or any of its Subsidiaries is in or has ever been in violation of any term of any employment contract, patent disclosure agreement, invention assignment agreement, non-competition agreement, non-solicitation agreement, nondisclosure agreement or any restrictive covenant to or with a former employer where the basis of such violation relates to such employee’s employment with the Company or any of its Subsidiaries or actions undertaken by the employee while employed with the Company or any of its Subsidiaries, except, in the case of clause (vii), as would not reasonably be expected to have a Material Adverse Effect. “Intellectual Property” shall mean all patents, patent applications, trade and service marks, trade and service mark registrations, trade names, copyrights, licenses, inventions, trade secrets, domain names, technology, know-how and other intellectual property.

Intellectual Property. Except as described disclosed in the Registration Statement, Prospectus or the Pricing Disclosure Package or as would not reasonably be expected toand the Prospectus, individually or in the aggregate, result in a Material Adverse Effect, (i) the Company and its Subsidiaries own or subsidiaries own, possess, license or can promptly acquire on reasonable terms, ownership, licenses or other legal have an exclusive option to license adequate rights to use all patents, trademarks, service marks, tradenamestrade names, copyrights, domain names, licenses, approvals, technology and know-how (including trade secrets and other unpatented and/or unpatentable proprietary or confidential information, systems or procedures) and other proprietary rights intellectual property rights, including registrations and applications for registration thereof (collectively, “Intellectual Property Rights”) necessary used or held to be used for their respective businesses the conduct of the Company’s business now conducted and as now proposed in the Registration Statement, the Pricing Disclosure Package and the Prospectus to be conducted, except where the failure to own, possess or license such Intellectual Property Rights would not, individually or in the aggregate, reasonably be expected to have a Material Adverse Effect. Except as disclosed in the Registration Statement, the Pricing Disclosure Package and the Prospectus and to the Company’s knowledge: (i) neither the Company nor any of its subsidiaries has materially infringed, misappropriated or otherwise violated the Intellectual Property Rights of any third party, and neither the manufacture of, nor the use or sale of, any of the product candidates described in the Registration Statement, the Pricing Disclosure Package and the Prospectus will materially infringe or otherwise violate the Intellectual Property Rights of any third party and (ii) the Company believes it and its Subsidiaries have taken all commercially reasonable steps necessary there are no rights of third parties to establish and preserve their respective ownership of all Intellectual Property Rights owned by the Company or any of its Subsidiaries that is necessary for their respective businesses as now conducted, (iii) to the knowledge of the Company, there is no infringement, misappropriation or other violation of the Intellectual Property Rights owned by or exclusively licensed to the Company or any of its Subsidiaries subsidiaries. Except as would not, individually or in aggregate, if determined adversely to the Company or any of its subsidiaries, reasonably be expected to have a Material Adverse Effect, there is no pending or, to the Company’s knowledge, threatened action, suit, proceeding or claim by any third party, party (ivi) challenging the Company’s or any of its subsidiaries’ rights in or to the knowledge any of the Company, the present business, activities and products of ’s Intellectual Property Rights; (ii) alleging that the Company and or any of its Subsidiaries do not infringesubsidiaries have infringed, misappropriate misappropriated or otherwise violate violated any Intellectual Property Rights of any other person third party; or entity(iii) challenging the validity, (v) there is no proceeding pending or, scope or enforceability of any Intellectual Property Rights owned or exclusively licensed to the knowledge of the Company, threatened in writing, charging the Company or any of its Subsidiaries with subsidiaries, and in the case of each of (i), (ii) and (iii), the Company is unaware of any facts that would form a reasonable basis for any such action, suit, proceeding or claim. To the Company’s knowledge, there is no infringement, misappropriation misappropriation, breach or other violation default by others of any Intellectual Property Rights adversely held owned by a third party which has been filed, (vi) no proceedings have been instituted or are pending or, exclusively licensed to the knowledge of the Company, threatened in writing, which challenge the rights of the Company or any of its Subsidiaries to use the subsidiaries, and all Intellectual Property Rights owned by or licensed to the Company or any of its Subsidiariessubsidiaries are valid and enforceable, except as would not reasonably be expected, individually or in aggregate, to have a Material Adverse Effect. The Company and (vii) its subsidiaries have at all times taken reasonable steps in accordance with normal industry practice to maintain the confidentiality of all Intellectual Property Rights, the value of which to the Company and to its subsidiaries is contingent upon maintaining the confidentiality thereof. All founders, current and former employees and consultants involved in the development of the Intellectual Property Rights owned by and, to the knowledge of the Company, licensed, to for the Company or any of its subsidiaries have signed confidentiality and invention assignment agreements with the Company or any of its Subsidiaries, subsidiaries pursuant to which the Company or any of its subsidiaries either (i) has not been adjudged invalid or unenforceable in whole or in part obtained ownership of and there is no pending or, to the knowledge exclusive owner of the Company, threatened in writing proceeding by others challenging the validity or scope of any such Intellectual Property Rights, or (ii) has obtained a valid and unrestricted right to exploit such Intellectual Property Rights, sufficient for the conduct of the business as currently conducted and as proposed in the Registration Statement, the Pricing Disclosure Package and the Company is unaware of any facts which are reasonably likely Prospectus to form a basis for any such claimbe conducted.

Intellectual Property. Except as described in the Registration Statement, Prospectus or Disclosure Package or as would not reasonably be expected to, individually or in the aggregate, result in a Material Adverse Effect, (i) the The Company and its Subsidiaries own or possess, have license to, or can promptly acquire rights to (whether by ownership or license) on reasonable terms, ownershipadequate patents, licenses patent applications, copyrights, technology, data, know how (including inventions, trade secrets and other unpatented and/or unpatentable proprietary or other legal rights to use all patentsconfidential information, systems or procedures), trademarks, service marks, tradenames, copyrights, trade secrets names or other proprietary rights intellectual property (collectively, “Intellectual Property RightsProperty”) necessary for their respective businesses as to carry on the business now conducted, (ii) the Company believes it and its Subsidiaries have taken all commercially reasonable steps necessary to establish and preserve their respective ownership of all Intellectual Property Rights owned operated by the Company or any of its Subsidiaries that is necessary for their respective businesses as now conducted, (iii) to the knowledge of the Company, there is no infringement, misappropriation or other violation of the Intellectual Property Rights owned by the Company or any of its Subsidiaries by any third party, (iv) to the knowledge of the Company, the present business, activities and products of the Company and its Subsidiaries do not infringe, misappropriate or otherwise violate any Intellectual Property Rights of any other person or entity, (v) there is no proceeding pending orthem and, to the knowledge of the Company, threatened in writing, charging as currently proposed to be conducted by the Company or and its Subsidiaries as disclosed in the Registration Statement, the General Disclosure Package and the Prospectus. Neither the Company nor any of its Subsidiaries with has received any notice or is otherwise aware of (i) any infringement, misappropriation or other violation of any Intellectual Property Rights adversely held by a rights of any third party which has been filed, (vi) no proceedings have been instituted or are pending or, to the knowledge of the Company, threatened in writing, which challenge the rights of by the Company or any of its Subsidiaries to use the or (ii) any facts or circumstances which would render, in whole or in part, any Intellectual Property Rights owned by or exclusively licensed to the Company or any of its Subsidiaries (such Intellectual Property, the “Company Intellectual Property”) invalid or unenforceable, and which infringement, misappropriation or violation (in the event of any unfavorable decision, ruling or finding by a competent Government Entity) or finding of invalidity or unenforceability, singly or in the aggregate, would result in a Material Adverse Effect. To the knowledge of the Company, there is no material infringement or violation of any Company Intellectual Property by third parties. There is no pending or, to the Company’s knowledge, threatened action, suit, proceeding or claim by any third party: (A) challenging the Company’s rights in or to any Company Intellectual Property; (B) challenging the validity, enforceability or scope of any Company Intellectual Property; or (C) asserting that the Company or any of its Subsidiaries infringes, misappropriates or otherwise violates, or would, upon the commercialization of any product or service under development as described in the General Disclosure Package, infringe, misappropriate or otherwise violate, any Intellectual Property rights of such third parties in any material respect. The Company and its Subsidiaries have complied in all material respects with the terms of each agreement pursuant to which material Intellectual Property has been licensed to the Company or its Subsidiaries, and (vii) the Intellectual Property Rights owned by and, to the knowledge Company’s knowledge, no Intellectual Property has been obtained or is being used by the Company in violation of any material contractual obligations binding on the Company or in violation of any contractual rights of any person and, to the Company’s knowledge, all such agreements are in full force and effect. All issued or granted Company Intellectual Property has been duly maintained in all material respects and is in full force and effect and, to the Company’s knowledge, there are no material defects in any of the Company Intellectual Property. Each person who is or was an employee or contractor of the Company or its Subsidiaries and who is or was involved in the creation or development of any Intellectual Property for or on behalf of the Company or its Subsidiaries has signed an agreement containing an assignment to the Company or its Subsidiaries of such person’s rights in and to such Intellectual Property and, to the Company’s knowledge, no employee or contractor of the Company or its Subsidiaries is in or has ever been in violation of any material term of any agreement or covenant to or with a former employer where the basis of such violation relates to such employee’s employment with the Company or its Subsidiaries or actions undertaken by the employee while employed with the Company or its Subsidiaries. The Company has taken reasonable steps to protect, maintain and safeguard its rights and licenses under material Intellectual Property owned by or licensed to the Company, licensed, to including the Company execution of appropriate nondisclosure and its Subsidiaries, has not been adjudged invalid or unenforceable in whole or in part and there is no pending or, to the knowledge of the Company, threatened in writing proceeding by others challenging the validity or scope of any such Intellectual Property Rights, and the Company is unaware of any facts which are reasonably likely to form a basis for any such claimconfidentiality agreements.

Intellectual Property. Except as described in the Registration StatementExecutive agrees that all records, Prospectus documents, papers, inventions, notebooks, drawings, designs, technical information, source or Disclosure Package or as would not reasonably be expected toobject code, individually or in the aggregateprocesses, result in a Material Adverse Effectmethods, (i) the Company and its Subsidiaries own or possessideas, or can promptly acquire on reasonable termsdiscoveries, ownership, licenses improvements or other legal rights copyrightable or otherwise protectable works, whether patentable or not, in any media, Executive conceives, creates, invents or discovers, that relates to use all patents, trademarks, service marks, tradenames, copyrights, trade secrets or other proprietary rights (collectively, “Intellectual Property Rights”) necessary results from any work Executive performs or performed for their respective businesses as now conducted, (ii) the Company believes it and its Subsidiaries have taken all commercially reasonable steps necessary to establish and preserve their respective ownership of all Intellectual Property Rights owned by the Company or any of its Subsidiaries that is necessary for their respective businesses as now conducted, (iii) to the knowledge of the Company, there is no infringement, misappropriation or other violation of the Intellectual Property Rights owned by the Company or any of its Subsidiaries by any third party, (iv) to the knowledge of the Company, the present business, activities and products member of the Company and its Subsidiaries do not infringe, misappropriate Group or otherwise violate any Intellectual Property Rights of any other person or entity, (v) there is no proceeding pending or, to that arises from the knowledge use of the Companyfacilities, threatened in writingmaterials, charging the Company personnel or any of its Subsidiaries with infringement, misappropriation or other violation of any Intellectual Property Rights adversely held by a third party which has been filed, (vi) no proceedings have been instituted or are pending or, to the knowledge of the Company, threatened in writing, which challenge the rights Confidential Information of the Company or any member of its Subsidiaries the Company Group in the course of Executive's employment (whether or not during working hours), whether conceived, created, discovered, or invented individually or jointly with others ("Company Inventions"), will, together with all worldwide patent, copyright, trademark, trade secret, mask works or other intellectual property rights in such works, including reissues thereof, as well as the right to use the prosecute or xxx for infringements or other violations of these intellectual property rights (collectively "Intellectual Property Rights owned by Rights"), be and remain absolutely the property of the Company and/or the relevant member of the Company Group. Executive irrevocably and unconditionally waives all rights that vest in Executive (whether before, on, or licensed after the date of this Agreement) in connection with Executive's authorship of any copyrightable works in the course of Executive's employment with the Company and/or the Company Group, wherever in the world enforceable. Executive recognizes any such works are "works for hire" of which the Company is the author. If, for any reason, any such Company Inventions shall not legally be a "work-for-hire" or there are rights which do not accrue to the Company or its Subsidiariesunder the preceding provisions, and (vii) the Intellectual Property Rights owned by and, to the knowledge of the Company, licensed, then Executive hereby irrevocably assigns to the Company and its Subsidiariesagrees to quitclaim any and all of Executive's right, has not been adjudged invalid or unenforceable in whole or in part title and there is no pending orinterest thereto, to the knowledge of the Companyincluding, threatened in writing proceeding by others challenging the validity or scope of any such without limitation, all Intellectual Property RightsRights or other rights of whatsoever nature therein, whether now or hereafter known, existing, contemplated, recognized or developed, and the Company is unaware shall have the right to use the same in perpetuity throughout the universe in any manner the Company determines, all without any further payment to Executive. Without limitation, Executive waives the right to be identified as the author of any facts which are reasonably likely such works and the right not to form a basis for have any such claimworks subjected to derogatory treatment, and irrevocably transfers and assigns to the Company any and all moral rights that Executive may have in any Company Invention and authorizes the Company to make any desired changes to any part of any Company Invention and combine it with other materials in any manner desired. Executive will promptly disclose, grant and assign ownership to the Company and/or the relevant member of the Company Group for its sole use and benefit any and all Company Inventions that Executive develops, acquires, conceives or reduces to practice while the Company and/or the Company Group employs Executive and will take all steps necessary to assist the Company in obtaining and/or protecting its ownership rights therein. Executive will promptly disclose and hereby grants and assigns ownership to the Company of all Company Inventions, Intellectual Property Rights and any foreign equivalents thereof that may at any time be filed or granted for or upon any such Company Invention.

Intellectual Property. Except as described disclosed in the Registration Statement, Prospectus or specifically contemplated by Disclosure Package or as would not reasonably be expected to, individually or in the aggregate, result in a Material Adverse EffectDocuments, (i) the Company and its Subsidiaries Subsidiary own or possess, or can promptly acquire on reasonable terms, ownership, have obtained valid and enforceable licenses or other legal rights to use all options for the inventions, patent applications, patents, trademarks, service markstrademarks (both registered and unregistered), tradenames, copyrights, copyrights and trade secrets or other proprietary rights necessary for the conduct of the Company's and the Subsidiary's respective businesses as currently conducted and as the Disclosure Documents indicate the Company and its Subsidiary contemplate conducting (collectively, “the "Intellectual Property"); and (ii) to the Company's knowledge (for each of the following subsections (a) through (e)): (a) there are no third parties who have any ownership rights to any Intellectual Property Rights”) necessary that is owned by, or has been licensed to, the Company or the Subsidiary for the product indications described in the Disclosure Documents that would preclude the Company or the Subsidiary from conducting their respective businesses as now conducted, (ii) currently conducted and as the Disclosure Documents indicate the Company believes it and its Subsidiaries have taken all commercially reasonable steps necessary to establish and preserve their respective the Subsidiary contemplate conducting, except for the ownership rights of all the owners of the Intellectual Property Rights owned licensed or optioned by the Company or the Subsidiary; (b) there are currently no sales of any products that would constitute an infringement by third parties of its Subsidiaries that is necessary for their respective businesses as now conducted, (iii) to the knowledge of the Company, there is no infringement, misappropriation or other violation of the any Intellectual Property Rights owned owned, licensed or optioned by the Company or any of its Subsidiaries by any third party, the Subsidiary; (iv) to the knowledge of the Company, the present business, activities and products of the Company and its Subsidiaries do not infringe, misappropriate or otherwise violate any Intellectual Property Rights of any other person or entity, (vc) there is no pending or threatened action, suit, proceeding pending or, to the knowledge of the Company, threatened in writing, charging the Company or any of its Subsidiaries with infringement, misappropriation or other violation of any Intellectual Property Rights adversely held claim by a third party which has been filed, (vi) no proceedings have been instituted or are pending or, to the knowledge of the Company, threatened in writing, which challenge others challenging the rights of the Company or the Subsidiary in or to any of its Subsidiaries to use the Intellectual Property Rights owned owned, licensed or optioned by or licensed to the Company or its Subsidiariesthe Subsidiary, and other than non-material claims; (viid) the Intellectual Property Rights owned by and, to the knowledge of the Company, licensed, to the Company and its Subsidiaries, has not been adjudged invalid or unenforceable in whole or in part and there is no pending oror threatened action, to the knowledge of the Companysuit, threatened in writing proceeding or claim by others challenging the validity or scope of any such Intellectual Property Rightsowned, and licensed or optioned by the Company or the Subsidiary, other than non-material claims; and (e) there is unaware no pending or threatened action, suit, proceeding or claim by others that the Company or the Subsidiary infringes or otherwise violates any patent, trademark, copyright, trade secret or other proprietary right of any facts which are reasonably likely to form a basis for any such claimothers, other than non-material claims.

Intellectual Property. Except as described Without limiting the generality of the foregoing: (a) Seller is the sole owner of all Intellectual Property related to the Acquired Assets, and has the exclusive right to use, all patents, trademark registrations, trade secrets and copyrights that are part of the Acquired Assets and that are material to the production or exploitation of the Film; (b) no patents, trademarks or copyrights relating to the film have been abandoned or cancelled, or are the subject of any invalidation, opposition or cancellation proceeding, and each is in full force and effect; (c) Seller has not granted or licensed to any Person, any rights with respect to the Registration StatementFilm or any other Intellectual Property (including any rights to market or distribute any of the Intellectual Property); (d) Seller’s Intellectual Property is sufficient for the production and exploitation of the Film; (e) the Film and related Intellectual Property do not infringe, Prospectus misappropriate, violate or Disclosure Package dilute, and is not alleged to infringe, misappropriate, violate or as would dilute, any trademark, copyright, patent, moral right or other proprietary right of any Person, and the Seller has no Knowledge of any pending or threatened Legal Proceeding with respect thereto; (f) the Seller is not reasonably be expected toaware of any party infringing, individually misappropriating, or in diluting the aggregateSeller’s rights with respect to the Film or its other Intellectual Property related thereto; (g) the Seller has taken all action necessary to protect the Film and its other Intellectual Property related thereto; (h) Seller owns, result in a Material Adverse Effectand upon the consummation of the transactions contemplated by this Agreement, will have transferred to Purchaser, the right to develop, make, license, use, have sold, have made, perform, copy, make derivative works of, sell, distribute, modify and exploit the Film and the Seller’s other Intellectual Property related thereto; and (i) the Company and its Subsidiaries own Seller is not obligated to make any payment, now or possessin the future, with respect to the Film or can promptly acquire on reasonable terms, ownership, licenses or Seller’s other legal rights to use all patents, trademarks, service marks, tradenames, copyrights, trade secrets or other proprietary rights (collectively, “Intellectual Property Rights”) necessary for their respective businesses as now conducted, (ii) the Company believes it and its Subsidiaries have taken all commercially reasonable steps necessary to establish and preserve their respective ownership of all Intellectual Property Rights owned by the Company or any of its Subsidiaries that is necessary for their respective businesses as now conducted, (iii) to the knowledge of the Company, there is no infringement, misappropriation or other violation of the Intellectual Property Rights owned by the Company or any of its Subsidiaries by any third party, (iv) to the knowledge of the Company, the present business, activities and products of the Company and its Subsidiaries do not infringe, misappropriate or otherwise violate any Intellectual Property Rights of any other person or entity, (v) there is no proceeding pending or, to the knowledge of the Company, threatened in writing, charging the Company or any of its Subsidiaries with infringement, misappropriation or other violation of any Intellectual Property Rights adversely held by a third party which has been filed, (vi) no proceedings have been instituted or are pending or, to the knowledge of the Company, threatened in writing, which challenge the rights of the Company or any of its Subsidiaries to use the Intellectual Property Rights owned by or licensed to the Company or its Subsidiaries, and (vii) the Intellectual Property Rights owned by and, to the knowledge of the Company, licensed, to the Company and its Subsidiaries, has not been adjudged invalid or unenforceable in whole or in part and there is no pending or, to the knowledge of the Company, threatened in writing proceeding by others challenging the validity or scope of any such Intellectual Property Rights, and the Company is unaware of any facts which are reasonably likely to form a basis for any such claimrelated thereto.

Intellectual Property. Except as described in the Registration Statement, Prospectus or Disclosure Package or as would not reasonably be expected to, individually or in the aggregate, result in a Material Adverse Effect, (i) the The Company and its Subsidiaries subsidiaries own or possess, or can promptly acquire on reasonable terms, ownership, licenses or other legal rights possess the right to use all patents, patent applications, inventions, licenses, know-how (including trade secrets and other unpatented and/or unpatentable proprietary or confidential information or procedures), trademarks, service marks, tradenamestrade names, domain names, copyrights, trade secrets or and other proprietary rights intellectual property, and registrations and applications for registration of any of the foregoing (collectively, “Intellectual Property RightsProperty”) necessary for to conduct their respective businesses business as now conductedpresently conducted and currently contemplated to be conducted in the future as described in the SEC Reports and S-4 Registration Statement and, (ii) the Company believes it and its Subsidiaries have taken all commercially reasonable steps necessary to establish and preserve their respective ownership of all Intellectual Property Rights owned by the Company or any of its Subsidiaries that is necessary for their respective businesses as now conducted, (iii) to the knowledge of the Company, there neither the Company nor any of its subsidiaries, whether through their respective products and services or the conduct of their respective businesses, has infringed, misappropriated, conflicted with or otherwise violated, or is no infringementcurrently infringing, misappropriation misappropriating, conflicting with or other violation otherwise violating, and none of the Intellectual Property Rights owned by the Company or its subsidiaries have received any heretofore unresolved communication or notice of its Subsidiaries by any third partyinfringement of, (iv) to the knowledge of the Companymisappropriation of, the present businessconflict with or violation of, activities and products of the Company and its Subsidiaries do not infringe, misappropriate or otherwise violate any Intellectual Property Rights of any other person or entity, other than as described in the SEC Reports or S-4 Registration Statement. Neither the Company nor any of its subsidiaries has received any communication or notice (vin each case that has not been resolved) there alleging that by conducting their business as described in the SEC Reports or S-4 Registration Statement, such parties would infringe, misappropriate, conflict with, or violate, any of the Intellectual Property of any other person or entity. The Company knows of no infringement, misappropriation or violation by others of Intellectual Property owned by or licensed to the Company or its subsidiaries which would reasonably be expected to result in a Material Adverse Effect. The Company and its subsidiaries have taken all reasonable steps necessary to secure their interests in such Intellectual Property from their employees and contractors and to protect the confidentiality of all of their confidential information and trade secrets. None of the Intellectual Property employed by the Company or its subsidiaries has been obtained or is no proceeding pending being used by the Company or its subsidiaries in violation of any contractual obligation binding on the Company or any of its subsidiaries or, to the knowledge of the Company, threatened any of their respective officers, directors or employees, except as would not reasonably be expected, individually or in writingthe aggregate, charging to have a Material Adverse Effect. All Intellectual Property owned or exclusively licensed by the Company or its subsidiaries is free and clear of all liens, encumbrances, defects or other restrictions (other than non-exclusive licenses granted in the ordinary course of business), except those that would not reasonably be expected, individually or in the aggregate, to have a Material Adverse Effect. The Company and its subsidiaries are not subject to any judgment, order, writ, injunction or decree of any court or any Governmental Entity, nor has the Company or any of its Subsidiaries with infringementsubsidiaries entered into or become a party to any agreement made in settlement of any pending or threatened litigation, misappropriation which materially restricts or other violation impairs their use of any Intellectual Property Rights adversely held by a third party which has been filed, (vi) no proceedings have been instituted or are pending or, to the knowledge of the Company, threatened in writing, which challenge the rights of the Company or any of its Subsidiaries to use the Intellectual Property Rights owned by or licensed to the Company or its Subsidiaries, and (vii) the Intellectual Property Rights owned by and, to the knowledge of the Company, licensed, to the Company and its Subsidiaries, has not been adjudged invalid or unenforceable in whole or in part and there is no pending or, to the knowledge of the Company, threatened in writing proceeding by others challenging the validity or scope of any such Intellectual Property Rights, and the Company is unaware of any facts which are reasonably likely to form a basis for any such claimProperty.

Intellectual Property. Except The Group owns, or has obtained valid, binding and enforceable licenses for the right to use, patents, patent applications, inventions, copyrights, know how (including trade secrets and other unpatented and/or unpatentable proprietary or confidential information, systems or procedures), trademarks, service marks, trade names or other intellectual property (collectively, “Intellectual Property”) necessary to carry on the business of the Group as now conducted and as proposed to be conducted, insofar as such Intellectual Property is described in the Registration Statement, Prospectus or the General Disclosure Package and the Prospectus (collectively, the “Company Intellectual Property”), except where failure to own, license or as have such rights would not reasonably be expected tonot, individually or in the aggregate, result in have a Material Adverse Effect, (i) the Company ; and its Subsidiaries own or possess, or can promptly acquire on reasonable terms, ownership, licenses or other legal rights to use all patents, trademarks, service marks, tradenames, copyrights, trade secrets or other proprietary rights (collectively, “Intellectual Property Rights”) necessary for their respective businesses as now conducted, (ii) the Company believes it and its Subsidiaries have taken all commercially reasonable steps necessary to establish and preserve their respective ownership of all Intellectual Property Rights owned by the Company or any of its Subsidiaries that is necessary for their respective businesses as now conducted, (iii) to the knowledge of the Company, there is no infringement, misappropriation or other violation of the Intellectual Property Rights owned by the Company or any of its Subsidiaries by any third party, (iv) to the knowledge of the Company, the present businesspatents, activities trademarks, and products of copyrights, if any, included within the Company Intellectual Property are valid, enforceable, and its Subsidiaries do subsisting. Other than as disclosed in the Registration Statement, the General Disclosure Package and the Prospectus, (A) the Group is not infringeobligated to pay a material royalty, misappropriate grant a license, or otherwise violate provide other material consideration to any third party in connection with the Company Intellectual Property, (B) the Group has not received any notice of any claim of infringement, misappropriation or conflict with any Intellectual Property Rights rights of others with respect to any other person of the Group’s product candidates or entityprocesses or the Company Intellectual Property, (vC) there is no proceeding pending or, to the knowledge of the CompanyGroup, threatened neither the manufacture nor the sale or use of any of the product candidates or processes of the Group referred to in writingthe Registration Statement, charging the Company General Disclosure Package or the Prospectus do or will infringe, misappropriate or violate any existing, non-patent Intellectual Property right or any of its Subsidiaries with infringementexisting valid, misappropriation or other violation granted patent claim of any Intellectual Property Rights adversely held by a third party which has been filedparty, (viD) no proceedings have been instituted or are pending or, to the knowledge of the CompanyGroup, threatened no third party has any ownership rights in writing, which challenge the rights of the Company or to any of its Subsidiaries to use the Intellectual Property Rights that is owned by or licensed to the Company or its Subsidiaries, and (vii) the Intellectual Property Rights owned by Group and, to the knowledge of the CompanyGroup, licensed, no third party has any ownership right in or to any Intellectual Property that is exclusively licensed to the Company and its SubsidiariesGroup in any field of use other than any licensor to the Group of such Intellectual Property, has not been adjudged invalid or unenforceable in whole or in part and (E) there is no pending or, to the knowledge of the CompanyGroup, threatened in writing action, suit, proceeding or claim by others challenging the validity Group’s rights in or scope to any Company Intellectual Property, (F) to the Group’s knowledge, no employee of the Group is or has been in violation of any term of any employment contract, patent disclosure agreement, invention assignment agreement, non-competition agreement, non-solicitation agreement, nondisclosure agreement or any restrictive covenant to or with a former employer where the basis of such violation relates to such employee’s employment with the Group, and (G) to the knowledge of the Group, the Group has complied with the terms of each agreement pursuant to which Intellectual Property Rightshas been licensed to the Group, except where failure to comply would not, individually or in the aggregate, have a Material Adverse Effect, and, to the knowledge of the Group, all such agreements are in full force and effect. The statements relating to the Group’s intellectual property rights contained in the Registration Statement, the General Disclosure Package and the Prospectus are complete and accurate in all material respects. The Registration Statement, the General Disclosure Package, and the Company is unaware Prospectus did not and do not contain any untrue statement of any facts a material fact or omit to state a material fact required to be stated therein or necessary to make the intellectual property statements, in light of the circumstance under which are reasonably likely to form a basis for any such claimthey were made, not misleading.

Intellectual Property. Except as described in the Registration Statement, Prospectus or Disclosure Package or as has not had and would not reasonably be expected toto have, individually or in the aggregate, result in a Material Adverse EffectEffect on the Company, and except as identified in Section 5.17 of the Company Disclosure Schedule: (i) the Company and each of its Subsidiaries own or possessowns, or can promptly acquire on reasonable terms, ownership, licenses or other legal rights is licensed to use (in each case, free and clear of any Liens), all patents, trademarks, service marks, tradenames, copyrights, trade secrets or other proprietary rights (collectively, “Intellectual Property Rights”) used in or necessary for their respective businesses the conduct of its business as now currently conducted, ; (ii) neither the Company believes it and nor its Subsidiaries have taken all commercially reasonable steps necessary to establish and preserve their respective ownership of all has infringed, misappropriated or otherwise violated the Intellectual Property Rights rights of any Person; (iii) to the Knowledge of the Company, no Person has challenged, infringed, misappropriated or otherwise violated any Intellectual Property right owned by and/or licensed to the Company or its Subsidiaries; (iv) neither the Company nor any of its Subsidiaries has received any written notice or otherwise has Knowledge of any pending claim, action, suit, order or proceeding with respect to any Intellectual Property owned by the Company or any of its Subsidiaries or alleging that is necessary any services provided, processes used or products manufactured, used, imported, offered for their respective businesses as now conductedsale or sold by the Company or any of its Subsidiaries infringes, misappropriates or otherwise violates any Intellectual Property rights of any Person; (iiiv) to the knowledge consummation of the Companytransactions contemplated by this Agreement will not alter, there is encumber, impair or extinguish any Intellectual Property right of the Company or any of its Subsidiaries or impair the right of Parent to develop, use, sell, license or dispose of, or to bring any action for the infringement of, any Intellectual Property right of the Company or any of its Subsidiaries; (vi) the Company and its Subsidiaries have taken reasonable steps in accordance with normal industry practice to maintain the confidentiality of all material Trade Secrets owned, used or held for use by the Company or any of its Subsidiaries and no infringementsuch Trade Secrets have been disclosed other than to employees, misappropriation representatives and agents of the Company or any of its Subsidiaries all of whom are bound by written confidentiality agreements; and (vii) neither the Company nor any of its Subsidiaries has granted any exclusive licenses or other violation rights, of any kind or nature, in or to any of the Intellectual Property Rights owned by the Company or any of its Subsidiaries by to any third partyparty and no third party has granted any licenses or other rights, (iv) to the knowledge of the Company, the present business, activities and products of the Company and its Subsidiaries do not infringe, misappropriate or otherwise violate any Intellectual Property Rights of any other person kind or entity, (v) there is no proceeding pending ornature, to the knowledge of the Company, threatened in writing, charging the Company or any of its Subsidiaries with infringement, misappropriation or other violation of any Intellectual Property Rights adversely held by a third party which has been filed, (vi) no proceedings have been instituted or are pending or, to the knowledge of the Company, threatened in writing, which challenge the rights of the Company or any of its Subsidiaries to use the Intellectual Property Rights owned by or licensed to the Company or its Subsidiaries, and (vii) the Intellectual Property Rights owned by and, to the knowledge of the Company, licensed, to the Company and its Subsidiaries, has not been adjudged invalid or unenforceable in whole or in part and there is no pending or, to the knowledge of the Company, threatened in writing proceeding by others challenging the validity or scope of any such Intellectual Property Rights, and the Company is unaware of any facts which are reasonably likely to form a basis for any such claimmaterial Intellectual Property.

Intellectual Property. Except as described in the Registration Statement, Prospectus or Disclosure Package or as would not reasonably be expected to, individually or in the aggregate, result in a Material Adverse Effect, (i) Section 4.17 of the Company Disclosure Schedule contains a true and its Subsidiaries own or possess, or can promptly acquire on reasonable terms, ownership, licenses or other legal rights to use complete list of all patents, trademarkspatent applications, trademark and service marks, tradenames, copyrights, trade secrets or other proprietary rights (collectively, “Intellectual Property Rights”) necessary for their respective businesses as now conducted, (ii) the Company believes it xxxx registrations and its Subsidiaries have taken all commercially reasonable steps necessary to establish applications and preserve their respective ownership of all Intellectual Property Rights copyright registrations and applications owned by the Company or any of its Subsidiaries that or exclusively licensed to the Company or any of its Subsidiaries for use in their businesses. Except as has not had and would not reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect on the Company, and except as identified in Section 4.17 of the Company Disclosure Schedule: (i) the Company and each of its Subsidiaries owns, or is licensed to use (in each case, free and clear of any Liens), all Intellectual Property used in or necessary for their respective businesses the conduct of its business as now currently conducted, and neither the Company nor any of its Subsidiaries has received any written notice or other communication, or otherwise has knowledge of any information that would render or indicate that such Intellectual Property is or may be invalid or unenforceable; (ii) neither Company nor its Subsidiaries has infringed, misappropriated or otherwise violated the Intellectual Property rights of any Person; (iii) to the knowledge of the Company, there is no infringementPerson has challenged, misappropriation infringed, misappropriated or otherwise violated any Intellectual Property right owned by and/or licensed to the Company or its Subsidiaries; (iv) neither the Company nor any of its Subsidiaries has received any written notice or otherwise has knowledge of any pending claim, action, suit, order or proceeding with respect to any Intellectual Property owned or used by the Company or any of its Subsidiaries or alleging that any services provided, processes used or products manufactured, used, imported, offered for sale or sold by the Company or any of its Subsidiaries infringes, misappropriates or otherwise violates any Intellectual Property rights of any Person; (v) the consummation of the transactions contemplated by this Agreement will not alter, encumber, impair or extinguish any Intellectual Property right of the Company or any of its Subsidiaries or impair the right of Parent to develop, use, sell, license or dispose of, or to bring any action for the infringement of, any Intellectual Property right of the Company or any of its Subsidiaries; (vi) the Company and its Subsidiaries have taken reasonable steps in accordance with normal industry practice to maintain the confidentiality of all material Trade Secrets owned, used or held for use by the Company or any of its Subsidiaries and, to the knowledge of the Company, no such Trade Secrets have been disclosed other than to employees, representatives and agents of the Company or any of its Subsidiaries, in each case subject to reasonable and appropriate confidentiality efforts under the circumstances; and (vii) neither the Company nor any of its Subsidiaries has granted any licenses or other violation rights, of any kind or nature, in or to any of the Intellectual Property Rights owned by the Company or any of its Subsidiaries by to any third partyparty and no third party has granted any licenses or other rights, (iv) to the knowledge of the Company, the present business, activities and products of the Company and its Subsidiaries do not infringe, misappropriate or otherwise violate any Intellectual Property Rights of any other person kind or entity, (v) there is no proceeding pending ornature, to the knowledge of the Company, threatened in writing, charging the Company or any of its Subsidiaries with infringement, misappropriation or other violation of for any Intellectual Property Rights adversely held by a third party which has been filed, (vi) no proceedings have been instituted or are pending or, to the knowledge of the Company, threatened in writing, which challenge the rights of the Company or any of its Subsidiaries to use the Intellectual Property Rights owned by or licensed to the Company or its Subsidiaries, and (vii) the Intellectual Property Rights owned by and, to the knowledge of the Company, licensed, to the Company and its Subsidiaries, has not been adjudged invalid or unenforceable in whole or in part and there is no pending or, to the knowledge of the Company, threatened in writing proceeding by others challenging the validity or scope of any such Intellectual Property Rights, and the Company is unaware of any facts which are reasonably likely to form a basis for any such claimProperty.

Intellectual Property. Except as described in the Registration StatementThe Company has an unrestricted and exclusive ownership right and title, Prospectus or Disclosure Package or as would not reasonably be expected to, individually or in the aggregate, result in a Material Adverse Effect, (i) the Company and its Subsidiaries own or possess, or [believes it] can promptly acquire on commercially reasonable terms, ownership, licenses or other terms sufficient legal rights to use all patents, patent applications, trademarks, trademark applications, service marks, trade names, trade dress, logos, service marks, copyrights, trade secrets, licenses, domain names, URL’s, mask works, technical data, information and other intangible assets, know-how, technology, processes, applications, algorithms, computer programs and software, works of authorship, designs and inventions (whether or not reduced to practice) and any and all intellectual and proprietary rights, that are used by the Company in, being developed by the Company for, or as are necessary to the conduct of the Company’s business as now conducted and as presently proposed to be conducted ("Company Intellectual Property") without any known conflict with, or infringement of, the rights of others. To the Company’s [and the Founders] knowledge, no product or service marketed or sold (or proposed to be marketed or sold) by the Company violates or will violate any license or infringes or will infringe any intellectual property rights of any other party. The Company has not transferred, disposed of, pledged or otherwise granted to any third party any right, option or license, express or implied, with respect to the Company Intellectual Property. Other than with respect to commercially available software products under standard end-user object code license agreements, the Company is not obligated to make payments by way of royalties, fees or otherwise to an owner or licensee of patents, trademarks, service marks, tradenamestrade names, copyrights, trade secrets secrets, or other intellectual and/or proprietary rights with respect to the use thereof, in connection with the conduct of the Company’s business as conducted and as contemplated to be conducted. The Company has not received any communications alleging that the Company has violated or, by conducting its business, would violate any of the patents, trademarks, service marks, trade names, copyrights, trade secrets, mask works or other proprietary rights or processes of any other Person. Neither the Company nor any of the Founders has knowledge of any third party (collectivelyincluding any employee or former employee of the Company) interfering with, “infringing upon, misappropriating, violating or using without authorization any of the Company Intellectual Property Rights”) necessary Property. The Company has obtained and possesses valid licenses to use all of the software programs present on the computers and other software-enabled electronic devices that it owns or leases or that it has otherwise provided to its employees for their respective businesses as now conducted, (ii) use in connection with the Company’s business. Any and all of the Company believes it Intellectual Property, was not invented, discovered, created, conceived or developed within the framework of or in relation to employment by former employers of the Founders or within the framework of or in relation to their engagement by any other third party. Each employee, officer, independent contractor and its Subsidiaries have taken all commercially reasonable steps necessary to establish and preserve their respective ownership of all Intellectual Property Rights owned by the Company or any of its Subsidiaries that is necessary for their respective businesses as now conducted, (iii) to the knowledge consultant of the Company, there whose engagement with the Company is no infringementrelated in any manner to the development or otherwise to any contribution to proprietary information, misappropriation know- how, technology, inventions, discoveries, developments, concepts and/or ideas, has executed a proprietary information and inventions agreement, pursuant to which all title, rights and interest in and with respect to any information, know-how, technology and any and all intellectual and proprietary rights in and to any and all inventions, discoveries, developments, concepts and ideas which each such employee, contractor or other violation consultant shall develop, discover, invent, create or conceive in the course of the Intellectual Property Rights owned their engagement by the Company (and, with respect to employees, also such that are related to the business of the Company as now conducted and as contemplated to be conducted), is fully vested with the Company and is the sole property of the Company. The Company has not embedded any open source, copyleft or community source code in any of its Subsidiaries by products generally available or in development, including but not limited to any third partylibraries or code licensed under any General Public License, (iv) Lesser General Public License or similar license arrangement. The Company and the Founders have taken all necessary security measures to protect and maintain the secrecy, confidentiality, value of, and the Company's ownership rights in and to the Company Intellectual Property. For purposes of this Section .אצמנ אל הינפהה רוקמ !האיגש3.14, the Company shall be deemed to have knowledge of a patent right if the Company has actual knowledge of the Company, the present business, activities and products patent right or would be found to be on notice of the Company and its Subsidiaries do not infringe, misappropriate or otherwise violate any Intellectual Property Rights of any other person or entity, (v) there is no proceeding pending or, such patent right as determined by reference to the knowledge of the Company, threatened in writing, charging the Company or any of its Subsidiaries with infringement, misappropriation or other violation of any Intellectual Property Rights adversely held by a third party which has been filed, (vi) no proceedings have been instituted or are pending or, to the knowledge of the Company, threatened in writing, which challenge the rights of the Company or any of its Subsidiaries to use the Intellectual Property Rights owned by or licensed to the Company or its Subsidiaries, and (vii) the Intellectual Property Rights owned by and, to the knowledge of the Company, licensed, to the Company and its Subsidiaries, has not been adjudged invalid or unenforceable in whole or in part and there is no pending or, to the knowledge of the Company, threatened in writing proceeding by others challenging the validity or scope of any such Intellectual Property Rights, and the Company is unaware of any facts which are reasonably likely to form a basis for any such claimUnited States patent laws.

Intellectual Property. Except The Company and its subsidiaries, if any, own or possess or can obtain on commercially reasonable terms rights to use all patents, patent applications, trademarks, trademark registrations, service marks, service xxxx registrations, Internet domain name registrations, copyrights, copyright registrations, licenses, trade secrets, inventions, software, works of authorships, trade marks, service marks, trade names, databases, formulae, know how, Internet domain names and other intellectual property (including trade secrets and other unpatented and/or unpatentable proprietary confidential information, systems, or procedures) (collectively, “Intellectual Property”) necessary to conduct their respective businesses as currently conducted, and as proposed to be conducted and described in the Registration StatementProspectus, Prospectus except where the failure to own, possess or Disclosure Package or as obtain such Intellectual Property would not reasonably be expected tonot, individually or in the aggregate, result in reasonably be expected to cause a Material Adverse EffectChange. The Company and its subsidiaries, (i) if any, have not received any opinion from their legal counsel concluding that any activities of their respective businesses infringe, misappropriate, or otherwise violate, valid and enforceable Intellectual Property of any other person, and have not received written notice of any challenge, which is to their knowledge still pending, by any other person to the rights of the Company and its Subsidiaries own or possesssubsidiaries, or can promptly acquire on reasonable termsif any, ownership, licenses or other legal rights with respect to use all patents, trademarks, service marks, tradenames, copyrights, trade secrets or other proprietary rights (collectively, “any Intellectual Property Rights”) necessary for their owned or used by the Company or its subsidiaries. To the knowledge of the Company, the Company’s and its subsidiaries’, if any, respective businesses as now conductedconducted do not give rise to any infringement of, (ii) the Company believes it any misappropriation of, or other violation of, any valid and its Subsidiaries have taken all commercially reasonable steps necessary to establish and preserve their respective ownership of all enforceable Intellectual Property Rights owned of any other person that would cause a Material Adverse Change, and all licenses for the use of the Intellectual Property described in the Prospectus are valid, binding upon, and enforceable by or against the parties thereto in accordance to its terms. The Company has complied in all material respects with, and is not in breach nor has received any asserted or threatened claim of breach of any Intellectual Property license, and the Company has no knowledge of any breach or anticipated breach by any of its Subsidiaries that is necessary for their respective businesses other person to any Intellectual Property license. Except as now conducteddescribed in the Prospectus, (iii) and to the knowledge of the Company, there is no infringementcomplaint has been made against the Company alleging the infringement by the Company of any patent, misappropriation trademark, service xxxx, trade name, copyright, trade secret, license in or other violation intellectual property right or franchise right of any person. The Company has taken reasonable steps to protect, maintain and safeguard its Intellectual Property, including the execution of appropriate nondisclosure and confidentiality agreements. The consummation of the transactions contemplated by this Agreement will not result in the loss or impairment of or payment of any additional amounts with respect to, nor require the consent of any other person in respect of, the Company’s right to own, use, or hold for use any of the Intellectual Property Rights owned by as owned, used or held for use in the Company or any of its Subsidiaries by any third party, (iv) to the knowledge conduct of the Company, the present business, activities and products of the Company and its Subsidiaries do not infringe, misappropriate or otherwise violate any Intellectual Property Rights of any other person or entity, (v) there is no proceeding pending or, to the knowledge of the Company, threatened in writing, charging the Company or any of its Subsidiaries with infringement, misappropriation or other violation of any Intellectual Property Rights adversely held by a third party which has been filed, (vi) no proceedings have been instituted or are pending or, to the knowledge of the Company, threatened in writing, which challenge the rights of the Company or any of its Subsidiaries to use the Intellectual Property Rights owned by or licensed to the Company or its Subsidiaries, and (vii) the Intellectual Property Rights owned by and, to the knowledge of the Company, licensed, to the Company and its Subsidiaries, has not been adjudged invalid or unenforceable in whole or in part and there is no pending or, to the knowledge of the Company, threatened in writing proceeding by others challenging the validity or scope of any such Intellectual Property Rights, and the Company is unaware of any facts which are reasonably likely to form a basis for any such claimbusiness as currently conducted.

Intellectual Property. (a) Except as described in the Registration Statement, Prospectus or Disclosure Package or as would not reasonably be expected toas, individually or in the aggregate, result in would not reasonably be expected to have a Company Material Adverse Effect, (i) the Company and each of its Subsidiaries own or possessowns, or can promptly acquire on reasonable terms, ownership, licenses or other legal rights is licensed to use (in each case, free and clear of any Liens, other than Permitted Liens), all patents, trademarks, service marks, tradenames, copyrights, trade secrets or other proprietary rights (collectively, “Intellectual Property Rightsused in its business as currently conducted (the “Company Intellectual Property”) necessary for their respective businesses as now conducted, ); (ii) the Company believes it and conduct of its Subsidiaries have taken all commercially reasonable steps necessary to establish and preserve their respective ownership business as currently conducted, including the use of all any Intellectual Property Rights owned by the Company or its Subsidiaries, does not infringe on, misappropriate or otherwise violate the rights of any of its Subsidiaries that Person and is necessary for their respective businesses as now conducted, in accordance with any applicable license pursuant to which the Company or any Subsidiary acquired the right to use any Intellectual Property; (iii) to the knowledge of the Company’s Knowledge, there no Person is no infringementchallenging, misappropriation or other violation of the Intellectual Property Rights owned by the Company or any of its Subsidiaries by any third partyinfringing on, (iv) to the knowledge of the Company, the present business, activities and products of the Company and its Subsidiaries do not infringe, misappropriate misappropriating or otherwise violate violating any Intellectual Property Rights right of any other person or entity, (v) there is no proceeding pending or, to the knowledge of the Company, threatened in writing, charging the Company or any of its Subsidiaries with infringement, misappropriation or other violation of respect to any Intellectual Property Rights adversely held by a third party which has been filed, (vi) no proceedings have been instituted or are pending or, to the knowledge of the Company, threatened in writing, which challenge the rights of the Company or any of its Subsidiaries to use the Intellectual Property Rights owned by or exclusively licensed to the Company or its Subsidiaries; (iv) neither the Company nor any of its Subsidiaries has received any written notice or otherwise has Knowledge of any pending claim, Order or proceeding with respect to any Company Intellectual Property and (viiv) no Intellectual Property owned by the Company or its Subsidiaries is being used or enforced in a manner that would reasonably be expected to result in the abandonment, cancellation or unenforceability of such Intellectual Property. The Company Intellectual Property comprises all of the Intellectual Property Rights owned by and, that is used in or is reasonably necessary to the knowledge of conduct the Company, licensed, to 's business as currently conducted. Neither the Company and nor any of its Subsidiaries has agreed to indemnify any Person against any infringement of any Intellectual Property rights of any third party with respect to any Company Intellectual Property, other than indemnification provisions contained in the Company's or any of its Subsidiaries, has not been adjudged invalid ’ purchase orders or unenforceable other contracts entered into in whole or in part and there is no pending or, to the knowledge ordinary course of the Company, threatened in writing proceeding by others challenging the validity or scope of any such Intellectual Property Rights, and the Company is unaware of any facts which are reasonably likely to form a basis for any such claimbusiness.

Intellectual Property. Except as described in All of the Registration StatementOwned Intellectual Property is owned by Issuer or a Subsidiary, Prospectus free and clear of all Encumbrances, and all of the Licensed Intellectual Property is held by Issuer or Disclosure Package a Subsidiary pursuant to valid and subsisting licenses or as would not reasonably be expected sublicenses. The rights of Issuer and the Subsidiaries in, to, individually or in the aggregate, result in a Material Adverse Effect, (i) the Company and its Subsidiaries own or possess, or can promptly acquire on reasonable terms, ownership, licenses or other legal rights to use all patents, trademarks, service marks, tradenames, copyrights, trade secrets or other proprietary rights (collectively, “under such Owned Intellectual Property Rights”) necessary for their respective businesses as now conducted, (ii) the Company believes it and its Subsidiaries have taken all commercially reasonable steps necessary to establish and preserve their respective ownership of all Licensed Intellectual Property Rights owned by the Company or any of its Subsidiaries that is necessary for their respective businesses as now conducted, (iii) to the knowledge of the Company, there is no infringement, misappropriation or other violation of the Intellectual Property Rights owned by the Company or any of its Subsidiaries by any third party, (iv) to the knowledge of the Company, the present business, activities and products of the Company and its Subsidiaries do not infringe, misappropriate conflict with or otherwise violate any Intellectual Property Rights infringe on the rights of any other person Person. No Action has been made or entityasserted or is pending, (v) there is no proceeding pending ornor, to the best knowledge of the CompanyIssuer, threatened in writinghas any such Action been threatened, charging the Company against Issuer or any Subsidiary either based upon or challenging or seeking to deny or restrict the use by Issuer or any Subsidiary of its Subsidiaries with infringementany of the Owned Intellectual Property or Licensed Intellectual Property or alleging that any services provided, misappropriation or other products manufactured or sold by Issuer or any Subsidiary are being provided, manufactured, or sold in violation of any Intellectual Property Rights adversely held by a third party which has been filedof any Person. To the best knowledge of Issuer, (vi) no proceedings have been instituted or are pending or, Person is using any Intellectual Property that is confusingly similar to the knowledge of Owned Intellectual Property or the Company, threatened in writing, which challenge Licensed Intellectual Property or that infringe upon the Owned Intellectual Property or the Licensed Intellectual Property or upon the rights of the Company Issuer or any Subsidiary therein, thereto, or thereunder. Neither Issuer nor any Subsidiary has granted any license or sublicense or other right to any other Person with respect to any of its Subsidiaries to use the Owned Intellectual Property Rights owned by or licensed to the Company Licensed Intellectual Property. The consummation of the transactions contemplated hereby will not result in the termination or its Subsidiaries, and (vii) impairment of any of the Owned Intellectual Property Rights owned by and, to or the Licensed Intellectual Property. To the best knowledge of the CompanyIssuer, licensedno employee of Issuer or any Subsidiary has violated any proprietary information agreement, to the Company and its Subsidiariesemployment agreement, has not been adjudged invalid or unenforceable in whole similar Contract, which such employee had with any previous employer, or in part and there is no pending or, to the knowledge of the Company, threatened in writing proceeding by others challenging the validity or scope any Intellectual Property policy of any such employer, or is a party to any Action relating to Intellectual Property Rights, and the Company is unaware of any facts which are reasonably likely to form a basis for any such claimProperty.

Intellectual Property. Except as described in the Registration Statement, Prospectus or Disclosure Package or as would not reasonably be expected toas, individually or in the aggregate, result has not had and would not reasonably be expected to have a Parent Material Adverse Effect, either Parent or a Subsidiary of Parent owns, or is licensed or otherwise possesses adequate rights to use (in the manner and to the extent it has used the same), all Intellectual Property of any kind used in their respective businesses as currently conducted (collectively, the “Parent Intellectual Property”). Except as, individually or in the aggregate, has not had and would not reasonably be expected to have a Parent Material Adverse Effect, (i) the Company and its Subsidiaries own or possess, or can promptly acquire on reasonable terms, ownership, licenses or other legal rights to use all patents, trademarks, service marks, tradenames, copyrights, trade secrets or other proprietary rights (collectively, “Intellectual Property Rights”) necessary for their respective businesses as now conducted, (ii) the Company believes it and its Subsidiaries have taken all commercially reasonable steps necessary to establish and preserve their respective ownership of all Intellectual Property Rights owned by the Company or any of its Subsidiaries that is necessary for their respective businesses as now conducted, (iii) to the knowledge of the Company, there is no infringement, misappropriation or other violation of the Intellectual Property Rights owned by the Company or any of its Subsidiaries by any third party, (iv) to the knowledge of the Company, the present business, activities and products of the Company and its Subsidiaries do not infringe, misappropriate or otherwise violate any Intellectual Property Rights of any other person or entity, (va) there is no proceeding pending or, to the knowledge of the Company, threatened in writing, charging the Company or any of its Subsidiaries with infringement, misappropriation or other violation of any Intellectual Property Rights adversely held by a third party which has been filed, (vi) no proceedings have been instituted or are pending or, to the knowledge of the Company, threatened in writing, which challenge the rights of the Company or any of its Subsidiaries to use the Intellectual Property Rights owned by or licensed to the Company or its Subsidiaries, and (vii) the Intellectual Property Rights owned by and, to the knowledge of the Company, licensed, to the Company and its Subsidiaries, has not been adjudged invalid or unenforceable in whole or in part and there is no pending or, to the knowledge of the CompanyParent, threatened in writing proceeding claims by any Person alleging infringement, misappropriation, dilution, or other violation by Parent or any of its Subsidiaries of the Intellectual Property of any Person; (b) the conduct of the businesses of Parent and its Subsidiaries has not infringed, misappropriated, diluted, or otherwise violated and does not infringe, misappropriate, dilute or otherwise violate, any Intellectual Property of any Person; (c) neither Parent nor any of its Subsidiaries has made any claim of infringement, misappropriation or other violation by others challenging of its rights to or in connection with the validity Parent Intellectual Property; (d) to the knowledge of Parent, no Person is infringing, misappropriating or scope diluting any Parent Intellectual Property; (e) Parent and its Subsidiaries have taken reasonable steps to protect the confidentiality of their trade secrets and the security of their computer systems and networks; and (f) the consummation of the Transactions will not result in the loss of, or give rise to any right of any such third party to terminate, any of Parent’s or any of its Subsidiaries’ rights or obligations under, any agreement under which Parent or any of its Subsidiaries grants to any Person, or any Person grants to Parent or any of its Subsidiaries, a license or right under or with respect to any Parent Intellectual Property Rights, and the Company is unaware of any facts which are reasonably likely to form a basis for any such claimProperty.

Intellectual Property. Except as described in the Registration Statement, Prospectus The Company or Disclosure Package or as would not reasonably be expected to, individually or in the aggregate, result in a Material Adverse Effect, (i) the Company and its Subsidiaries own or possessAffiliates own, or can promptly acquire on reasonable terms, ownership, licenses are licensed or other legal otherwise possess legally enforceable rights to use use, free and clear of all patentsLiens (other than Permitted Liens), all intellectual property of any type, registered or unregistered and however denominated, including all trademarks, service marks, tradenamestrade names, Internet domain names and other brand or source identifiers, together with all registrations and applications thereof and the goodwill associated therewith, registered and unregistered copyrights, patents and patent applications, computer software, data and databases, inventions, know-how, trade secrets or and all other confidential and proprietary technology and information and rights to xxx and other choices of action arising from any of the foregoing (collectively, the “Intellectual Property RightsProperty”) necessary for the conduct of their respective businesses in all material respects as now conductedcurrently conducted (the “Company Intellectual Property”). Section 3.16 of the Company Disclosure Schedule sets forth all (i) Company Intellectual Property that has been registered or applied for with any Governmental Entity and any Internet domain name registrars, (ii) the Company believes it and its Subsidiaries have taken all commercially reasonable steps necessary to establish and preserve their respective ownership of all Intellectual Property Rights software owned or used by the Company or any of its Subsidiaries that is necessary for their respective businesses as now conducted, Affiliates (other than off-the-shelf software with a replacement cost and/or annual license fee of less than $50,000 and (iii) all material unregistered trademarks and copyrights. The Company Intellectual Property is valid, subsisting and to the knowledge of the Company, there is no infringement, misappropriation or other violation of the Intellectual Property Rights owned by the Company or any of its Subsidiaries by any third party, (iv) to the knowledge of the Company, the present business, activities and products enforceable. Except as set forth on Section 3.16 of the Company and its Subsidiaries do not infringe, misappropriate or otherwise violate any Intellectual Property Rights of any other person or entityDisclosure Schedule, (va) there is no proceeding pending or, to the knowledge as of the Companydate of this Agreement, threatened in writing, charging the Company or any of its Subsidiaries with infringement, misappropriation or other violation of any Intellectual Property Rights adversely held by a third party which has been filed, (vi) no proceedings have been instituted or there are pending or, to the knowledge of the Company, threatened in writing, which challenge the rights of the Company or any of its Subsidiaries to use the Intellectual Property Rights owned by or licensed to the Company or its Subsidiaries, and (vii) the Intellectual Property Rights owned by and, to the knowledge of the Company, licensed, to the Company and its Subsidiaries, has not been adjudged invalid or unenforceable in whole or in part and there is no pending or, to the knowledge of the Company, threatened claims, nor have there been any such claims within the past six (6) years, by any person alleging infringement, dilution, misappropriation or other violation by the Company or any of its Affiliates of any Intellectual Property of any person or challenging the validity, enforceability, ownership or use of any Company Intellectual Property, (b) to the knowledge of the Company, the conduct of the business of the Company and its Affiliates does not infringe, dilute, misappropriate or otherwise violate any Intellectual Property rights of any person, and neither the Company nor any of its Affiliates has received notice of any of the foregoing, including an “invitation to license” or other communication from any third party asserting that the Company or any of its Affiliates is or may be obligated to take a license under any Intellectual Property owned by any third party in order to continue to conduct their respective businesses as they are currently conducted, (c) in the past two (2) years, neither the Company nor any of its Affiliates has made any claim in writing proceeding of any violation, infringement, dilution or misappropriation by others challenging of its rights to or in connection with the validity Company Intellectual Property, (d) to the knowledge of the Company, no person is infringing, diluting, misappropriating or otherwise violating any Company Intellectual Property in a manner that would have a material impact on the Business, (e) the execution and delivery of this Agreement and the consummation of the transactions contemplated by this Agreement shall not result in the loss or reduction in scope of any material Company Intellectual Property, whether by termination or expiration of any license, the performance of any license pursuant to its terms, or other means. The Company and its Affiliates have taken commercially reasonable actions to protect, preserve, and maintain the validity and effectiveness of all material Company Intellectual Property, including, but not limited to paying all applicable fees related to the registration, maintenance, and renewal of any such owned Company Intellectual Property. The Company and its Affiliates own all right, title and interest in and to all material Intellectual Property Rightscreated by any present or former employee in the course of his or her employment with the Company or its Affiliates, as the case may be. The computer systems, including the software, firmware, hardware, networks, interfaces, and related systems owned or used by the Company is unaware and its Affiliates in the conduct of any facts which its business are reasonably likely to form a basis sufficient in all material respects for any such claimthe needs of the Company and its Affiliates.

Intellectual Property. Except as described in the Registration Statement, Prospectus or Disclosure Package or as would not reasonably be expected to, individually or in the aggregate, result in a Material Adverse Effect, (ia) Section 2.15(a) of the Company and its Subsidiaries own or possessDisclosure Schedule contains a list of (A) all registered Intellectual Property, or can promptly acquire on reasonable terms, ownership, licenses or other legal rights to use all patents, trademarks, service marks, tradenames, copyrights, trade secrets or other proprietary rights (collectively, “Intellectual Property Rights”) necessary that is the subject of a pending application for their respective businesses as now conductedregistration, (ii) the Company believes it and its Subsidiaries have taken all commercially reasonable steps necessary to establish and preserve their respective ownership of all material unregistered Intellectual Property Rights Property, in each case that is, owned by the Company or any of the Company Subsidiaries and (B) all material Intellectual Property, other than Off-the-Shelf Software Agreements, licensed, used or held for use by the Company or any of the Company Subsidiaries in the conduct of its business (“Licensed Intellectual Property”). Except where failure to own, license or otherwise possess such rights has not had and would not reasonably be expected to result in a Company Material Adverse Effect, each of the Company and the Company Subsidiaries that is necessary for their respective businesses as now conductedhas (i) all right, title and interest in and to all Company Intellectual Property owned by it, (iiithe “Company Intellectual Property”) free and clear of all Encumbrances, other than Permitted Encumbrances and (ii) all necessary proprietary rights in and to all of its Licensed Intellectual Property, free and clear of all Encumbrances, other than Permitted Encumbrances. Neither the Company nor any of the Company Subsidiaries has received any notice alleging that it has infringed, diluted or misappropriated, or, by conducting its business as proposed, would infringe, dilute or misappropriate, the Intellectual Property rights of any Person, and to the knowledge of the Company there is no valid basis for any such allegation. Neither the execution and delivery of this Agreement nor the consummation of the transactions contemplated hereby will impair or materially alter the Company’s or any Company Subsidiary’s rights to any Company Intellectual Property or Licensed Intellectual Property. To the knowledge of the Company, there is no infringementunauthorized use, infringement or misappropriation or other violation of the Company Intellectual Property Rights owned by the Company or any of its Subsidiaries Licensed Intellectual Property by any third party, (iv) to the knowledge . All of the Company, the present business, activities and products of rights within the Company and its Subsidiaries do not infringe, misappropriate or otherwise violate any Intellectual Property Rights of any other person or entityand Licensed Intellectual Property are valid, (v) enforceable and subsisting, and there is no proceeding Action that is pending or, to the knowledge of the Company’s knowledge, threatened in writing, charging the Company or any of its Subsidiaries with infringement, misappropriation or other violation of any Intellectual Property Rights adversely held by a third party which has been filed, (vi) no proceedings have been instituted or are pending or, to the knowledge of the Company, threatened in writing, which challenge that challenges the rights of the Company or any of its the Company Subsidiaries to use the in respect of any Company Intellectual Property Rights owned by or licensed to the Company or its Subsidiaries, and (vii) the Licensed Intellectual Property Rights owned or the validity, enforceability or effectiveness thereof. The Company Intellectual Property and the Licensed Intellectual Property constitute all material Intellectual Property used in or necessary for the operation by and, to the knowledge of the Company, licensed, to the Company and its Subsidiaries, has not been adjudged invalid or unenforceable in whole or in part and there is no pending or, to the knowledge Company Subsidiaries of their respective businesses as currently conducted. Neither the Company nor any of the Company, threatened Company Subsidiaries is in writing proceeding by others challenging breach or default in any material respect (or would with the validity giving of notice or scope lapse of time or both be in such breach or default) under any such license to use any of the Licensed Intellectual Property Rights, and the Company is unaware of any facts which are reasonably likely to form a basis for any such claimProperty.

Intellectual Property. (a) Section 4.17(a)(i) of the Company Disclosure Schedule contains a list of all United States or foreign: patents, registered Marks, registered copyrights and applications for any of the foregoing. Section 4.17(a)(ii) of the Company Disclosure Schedule lists all items of material software that are covered by or embodiments of copyrights that are included in the Company Owned Intellectual Property (“Company Software”). Except as described in the Registration Statement, Prospectus or Disclosure Package or as has not had and would not be reasonably be expected toto have, individually or in the aggregate, result in a Material Adverse Effect, Effect on the Company: (i) with respect to all Company Owned Intellectual Property (other than Company Owned Intellectual Property specified on Section 4.17(a)(i) of the Company and Disclosure Schedule as exclusively licensed to the Company or its Subsidiaries own Subsidiaries), the Company or possessits Subsidiaries, or can promptly acquire on reasonable termsas the case may be, ownership, licenses or other legal rights to use all patents, trademarks, service marks, tradenames, copyrights, trade secrets or other proprietary rights (collectively, “owns such Company Owned Intellectual Property Rights”(in each case, free and clear of any Liens except Permitted Liens) necessary for their respective businesses except as now conductedindentified in Section 4.06(b) of the Company Disclosure Schedule, (ii) to the knowledge of the Company, the Company believes it and its Subsidiaries have taken all commercially reasonable steps necessary possesses sufficient enforceable legal rights to establish and preserve their respective ownership of all Company Owned Intellectual Property Rights owned by the Company or any of its Subsidiaries that as is necessary for their respective businesses the operation of the Company’s business as now conducted, (iii) to the knowledge of the Company, there is no infringementneither the Company nor its Subsidiaries is, misappropriation as of the date of this Agreement, infringing, misappropriating, or other violation of otherwise violating, or since June 28, 2009 has infringed, misappropriated or otherwise violated, the Intellectual Property Rights owned by the Company or any of its Subsidiaries by any third party, (iv) to the knowledge of the Company, the present business, activities and products of the Company and its Subsidiaries do not infringe, misappropriate or otherwise violate any Intellectual Property Rights rights of any other person or entityPerson, (v) there is no proceeding pending or, to the knowledge of the Company, threatened in writing, charging the Company or any of its Subsidiaries with infringement, misappropriation or other violation of any Intellectual Property Rights adversely held by a third party which has been filed, (vi) no proceedings have been instituted or are pending or, to the knowledge of the Company, threatened in writing, which challenge the rights of the Company or any of its Subsidiaries to use the Intellectual Property Rights owned by or licensed to the Company or its Subsidiaries, and (vii) the Intellectual Property Rights owned by and, to the knowledge of the Company, licensedno Person is, as of the date of this Agreement, infringing, misappropriating, or otherwise violating, or since June 28, 2009 has infringed, misappropriated or otherwise violated, any Company Owned Intellectual Property; (iv) since June 28, 2009, the Company has not received any written communications alleging that the Company has infringed or, by conducting the Company’s business, would infringe any third party Intellectual Property, nor, to the Company’s knowledge, is there a reasonable basis for any such allegation; (v) the consummation of the transactions contemplated by this Agreement will not alter, encumber, impair or extinguish any Company Owned Intellectual Property right or impair the right of Surviving Corporation to use, sell, license, dispose of or otherwise commercialize or exploit any Company Owned Intellectual Property; (vi) the Company and its SubsidiariesSubsidiaries have exercised reasonable care to maintain the confidentiality of all Trade Secrets that are Company Owned Intellectual Property or which the Company or any Subsidiary thereof is obligated to maintain in confidence; (vii) to the knowledge of the Company, has not no material Trade Secrets that are Company Owned Intellectual Property or which the Company or any Subsidiary thereof is obligated to maintain in confidence have been adjudged invalid disclosed other than to employees, representatives and agents of the Company or unenforceable any of its Subsidiaries all of whom are bound by written confidentiality agreements, or to third parties under a written agreement imposing obligations of confidentiality that the Company reasonably believes is sufficient to maintain the trade secret status of such Trade Secrets; (viii) the IT Assets shall operate and perform in whole or all material respects in part a manner that permits the Company and there is no pending orits Subsidiaries to conduct their respective businesses as currently conducted and, to the knowledge of the Company, threatened in writing proceeding by others challenging no person has gained unauthorized access to the validity or scope of any such Intellectual Property Rights, IT Assets; and (ix) the Company is unaware and its Subsidiaries have implemented reasonable backup and disaster recovery technology and practices consistent with industry practices and with the description thereof set forth on Section 4.17(a)(iv) of any facts which are reasonably likely to form a basis for any such claimthe Company Disclosure Schedule.

Intellectual Property. (a) Except as described in the Registration Statement, Prospectus or Disclosure Package or as would not reasonably be expected toto have, individually or in the aggregate, result in a Parent Material Adverse Effect, : (i) Section 4.16(a) of the Company Parent Disclosure Letter sets forth all patents, registered trademarks, registered copyrights, and its Subsidiaries own or possess, or can promptly acquire on reasonable terms, ownership, licenses or other legal rights to use all pending applications for any patents, trademarks, service marksor copyrights owned or purported to be owned by Parent or one of its Subsidiaries (“Registered Parent IP”); (ii) either Parent or a Parent Subsidiary is the sole and exclusive owner of all right, tradenamestitle, copyrightsand interest in and to, trade secrets or other proprietary is licensed or otherwise possesses legally enforceable rights (collectivelyto use, “all Intellectual Property Rights”) necessary for used in their respective businesses as now currently conducted, (ii) the Company believes it and such rights comprise all Intellectual Property necessary and sufficient to enable Parent and its Subsidiaries have taken all commercially reasonable steps necessary to establish and preserve their respective ownership of all Intellectual Property Rights owned by the Company or any of its Subsidiaries that is necessary for conduct their respective businesses as now in the manner in which such businesses are currently being conducted and proposed to be conducted, ; (iii) to the knowledge of the Company, there is no infringement, misappropriation or other violation of the Intellectual Property Rights owned by the Company or any of its Subsidiaries by any third party, (iv) to the knowledge of the Company, the present business, activities and products of the Company and its Subsidiaries do not infringe, misappropriate or otherwise violate any Intellectual Property Rights of any other person or entity, (v) there is no proceeding pending or, to the knowledge of the Company, threatened in writing, charging the Company or any of its Subsidiaries with infringement, misappropriation or other violation of any Intellectual Property Rights adversely held by a third party which has been filed, (vi) no proceedings have been instituted or are pending or, to the knowledge of the Company, threatened in writing, which challenge the rights of the Company or any of its Subsidiaries to use the Intellectual Property Rights owned by or licensed to the Company or its Subsidiaries, and (vii) the Intellectual Property Rights owned by and, to the knowledge of the Company, licensed, to the Company and its Subsidiaries, has not been adjudged invalid or unenforceable in whole or in part and there is no pending or, to the knowledge of the CompanyParent, threatened in writing proceeding claims against Parent or its Subsidiaries by others any Person challenging the ownership, enforceability or validity of an Intellectual Property of Parent or scope any of its Subsidiaries or alleging infringement, misappropriation, or unauthorized use by Parent or its Subsidiaries for their use of any Intellectual Property in their respective businesses as currently conducted, and Parent and its Subsidiaries have not received written notice of any such claim; (iv) to the knowledge of Parent, the conduct of the businesses of Parent and its Subsidiaries does not infringe, misappropriate or otherwise violate, any Intellectual Property Rights, and the Company is unaware or any other similar proprietary right of any facts which are reasonably likely Person; and (v) as of the date hereof, neither Parent nor any of its Subsidiaries has made any claim of a violation, infringement, or other violation by any Person of its rights to form a basis for or in connection with any such claimIntellectual Property used in the business of Parent or its Subsidiaries.

Intellectual Property. Section 3.1(q) of the Company Disclosure Letter sets forth a true, correct and complete list (in all material respects) of all Company Intellectual Property that is issued by, filed with, registered with, or the subject of a pending application before any Governmental Entity, and that is owned or purported to be owned by the Company (the “Company Registered IP”). Except as described in the Registration Statement, Prospectus or Disclosure Package or as would not reasonably be expected toto have, individually or in the aggregate, result in a Company Material Adverse Effect, (i) the Company and its Subsidiaries own or possessown, free and clear of all Liens, other than Permitted Liens, or can promptly acquire on reasonable terms, ownership, licenses have a valid license or other legal rights right to use all patents, trademarks, service marks, tradenamestrade names, copyrights, trade secrets copyrights and other Intellectual Property Rights (including any registrations or other proprietary rights applications for registration of any of the foregoing) that are used in the business of Company and its Subsidiaries as presently conducted (collectively, the “Company Intellectual Property RightsProperty”) necessary for their respective businesses as now conducted), (ii) neither the Company believes it nor any such Subsidiary has received any written notice of a claim that the business of the Company and its Subsidiaries have taken all commercially reasonable steps necessary infringes, misappropriates or otherwise violates, or since December 31, 2014 through the date hereof has infringed, misappropriated or otherwise violated, and to establish the knowledge of the Company, the business of the Company and preserve their respective ownership of all its Subsidiaries as presently conducted does not infringe, misappropriate, or otherwise violate, the Intellectual Property Rights owned by the Company or of any of its Subsidiaries that is necessary for their respective businesses as now conducted, other Person and (iii) to the knowledge of the Company, there no other Person is no infringementinfringing, misappropriation misappropriating or other violation of otherwise violating any Company Intellectual Property. Except as would not reasonably be expected to have, individually or in the Intellectual Property Rights owned by the aggregate, a Company or any of its Subsidiaries by any third partyMaterial Adverse Effect, (iv) to the knowledge of the Company, the present business, activities and products of the Company and its Subsidiaries do not infringe, misappropriate or otherwise violate any have taken reasonable steps to maintain and protect each material item of Company Intellectual Property Rights of any other person that they own or entity, (v) there is no proceeding pending or, purport to the knowledge of the Company, threatened in writing, charging the Company or any of its Subsidiaries with infringement, misappropriation or other violation of any Intellectual Property Rights adversely held by a third party which has been filed, (vi) no proceedings have been instituted or are pending or, to the knowledge of the Company, threatened in writing, which challenge the rights of the Company or any of its Subsidiaries to use the Intellectual Property Rights owned by or licensed to the Company or its Subsidiaries, and (vii) the Intellectual Property Rights owned by and, to the knowledge of the Company, licensed, to the Company and its Subsidiaries, has not been adjudged invalid or unenforceable in whole or in part and there is no pending or, to the knowledge of the Company, threatened in writing proceeding by others challenging the validity or scope of any such Intellectual Property Rights, and the Company is unaware of any facts which are reasonably likely to form a basis for any such claimown.

Intellectual Property. Except as described as, in the Registration Statementaggregate, Prospectus or Disclosure Package or as would not reasonably be expected to, individually or in the aggregate, result in to have a Material Adverse Effect, Effect on SPSS and except as disclosed in the SPSS SEC Reports filed prior to the date of the Agreement: (i) the Company SPSS and each of its Subsidiaries own or possessowns, or can promptly acquire on reasonable terms, ownership, licenses or other legal rights is licensed to use (in each case, free and clear of any Liens), all patents, trademarks, service marks, tradenames, copyrights, trade secrets or other proprietary rights (collectively, “Intellectual Property Rights”(as defined below) used in or necessary for their respective businesses the conduct of its business as now currently conducted, ; (ii) the Company believes it use of any Intellectual Property by SPSS and its Subsidiaries have taken all commercially reasonable steps necessary does not infringe on or otherwise violate the rights of any Person and is in accordance with any applicable license pursuant to establish and preserve their respective ownership of all Intellectual Property Rights owned by the Company which SPSS or any of its Subsidiaries that is necessary for their respective businesses as now conducted, Subsidiary acquired the right to use any Intellectual Property; (iii) to the knowledge of the CompanySPSS, there no Person is no infringementchallenging, misappropriation or other violation of the Intellectual Property Rights owned by the Company or any of its Subsidiaries by any third party, (iv) to the knowledge of the Company, the present business, activities and products of the Company and its Subsidiaries do not infringe, misappropriate infringing on or otherwise violate violating any Intellectual Property Rights right of any other person or entity, (v) there is no proceeding pending or, to the knowledge of the Company, threatened in writing, charging the Company SPSS or any of its Subsidiaries with infringement, misappropriation or other violation of respect to any Intellectual Property Rights adversely held owned by a third party which has been filed, and/or licensed to SPSS or its Subsidiaries; and (viiv) no proceedings have been instituted or are pending or, to the knowledge of the Company, threatened in writing, which challenge the rights of the Company or neither SPSS nor any of its Subsidiaries has received any written notice or otherwise has knowledge of any pending claim, order or proceeding with respect to use the any Intellectual Property Rights used by SPSS and its Subsidiaries and to its knowledge no Intellectual Property owned and/or licensed by or licensed to the Company SPSS or its SubsidiariesSubsidiaries is being used or enforced in a manner that would reasonably be expected to result in the abandonment, cancellation or unenforceability of such Intellectual Property. For purposes of this Agreement, "Intellectual Property" shall mean software, trademarks, service marks, brand names, certification marks, trade dress and other indications of origin, the goodwill associated with the foregoing and registrations in any jurisdiction of, and applications in any jurisdiction to register, the foregoing, including any extension, modification or renewal of any such registration or application; inventions, discoveries and ideas, whether patentable or not, in any jurisdiction; patents, applications for patents (vii) the Intellectual Property Rights owned by andincluding, to the knowledge of the Companywithout limitation, licenseddivisions, to the Company and its Subsidiariescontinuations, has not been adjudged invalid or unenforceable in whole or continuations in part and there is no pending or, to the knowledge of the Company, threatened in writing proceeding by others challenging the validity or scope of any such Intellectual Property Rightsrenewal applications), and any renewals, extensions or reissues thereof, in any jurisdiction; nonpublic information, trade secrets and confidential information and rights in any jurisdiction to limit the Company is unaware use or disclosure thereof by any person; writings and other works, whether copyrightable or not, in any jurisdiction; and registrations or applications for registration of copyrights in any facts which are reasonably likely to form a basis for jurisdiction, and any such claimrenewals or extensions thereof, any similar intellectual property or proprietary rights.

Intellectual Property. Except as described in The Company owns or possesses the Registration Statement, Prospectus or Disclosure Package or as would not reasonably be expected to, individually or in the aggregate, result in a Material Adverse Effect, valid right to use all (i) the Company patents, patent applications, trademarks, trademark registrations, service marks, service xxxx registrations, Internet domain name registrations, copyrights, copyright registrations, licenses, trade secret rights (“Intellectual Property Rights”) and its Subsidiaries own or possess(ii) inventions, or can promptly acquire on reasonable termssoftware, ownership, licenses or other legal rights to use all patentsworks of authorships, trademarks, service marks, tradenamestrade names, copyrightsdatabases, formulae, know how, Internet domain names and other intellectual property (including trade secrets and other unpatented and/or unpatentable proprietary confidential information, systems, or other proprietary rights procedures) (collectively, “Intellectual Property RightsAssets”) necessary for their respective businesses to conduct its business as now currently conducted, (ii) and as proposed to be conducted and described in the Prospectus. The Company believes it has not received any opinion from their legal counsel concluding that any activities of its business infringes, misappropriates, or otherwise violates, valid and its Subsidiaries have taken all commercially reasonable steps necessary to establish and preserve their respective ownership of all enforceable Intellectual Property Rights owned of any other person, and have not received written notice of any challenge, which is to its knowledge still pending, by any other person to the rights of the Company or with respect to any of its Subsidiaries that is necessary for their respective businesses as now conducted, (iii) to the knowledge of the Company, there is no infringement, misappropriation or other violation of the Intellectual Property Rights or Intellectual Property Assets owned or used by the Company or any of its Subsidiaries by any third party, (iv) to Company. To the knowledge of the Company, the present businessCompany’s business as now conducted does not give rise to any infringement of, activities any misappropriation of, or other violation of, any valid and products of the Company and its Subsidiaries do not infringe, misappropriate or otherwise violate any enforceable Intellectual Property Rights of any other person or entity, (v) there is no proceeding pending or, to person. All licenses for the knowledge use of the CompanyIntellectual Property Rights described in the Prospectus are valid, binding upon, and enforceable by or against the parties thereto in accordance to its terms. The Company has complied in all material respects with, and is not in breach nor has received any asserted or threatened in writing, charging the Company or any claim of its Subsidiaries with infringement, misappropriation or other violation breach of any Intellectual Property Rights adversely held license, and the Company has no knowledge of any breach or anticipated breach by a third party which any other person to any Intellectual Property license. Except as described in the Prospectus, no claim has been filedmade against the Company alleging the infringement by the Company of any patent, (vi) no proceedings have been instituted trademark, service xxxx, trade name, copyright, trade secret, license in or are pending orother intellectual property right or franchise right of any person. The Company has taken all reasonable steps to protect, to maintain and safeguard its Intellectual Property Rights, including the knowledge execution of appropriate nondisclosure and confidentiality agreements. The consummation of the transactions contemplated by this Agreement will not result in the loss or impairment of or payment of any additional amounts with respect to, nor require the consent of any other person in respect of, the Company's right to own, threatened in writinguse, which challenge the rights of the Company or hold for use any of its Subsidiaries to use the Intellectual Property Rights owned by as owned, used or licensed to held for use in the Company or its Subsidiaries, and (vii) the Intellectual Property Rights owned by and, to the knowledge conduct of the Company, licensed, to the Company and its Subsidiaries, has not been adjudged invalid or unenforceable in whole or in part and there is no pending or, to the knowledge of the Company, threatened in writing proceeding by others challenging the validity or scope of any such Intellectual Property Rights, and the Company is unaware of any facts which are reasonably likely to form a basis for any such claimbusiness as currently conducted.

Intellectual Property. Except The Company and each of its subsidiaries owns, possesses, or can acquire on reasonable terms, all material Intellectual Property necessary for the conduct of the Company’s and it subsidiaries’ business as now conducted or as described in the Registration Statement, Prospectus or the Time of Sale Disclosure Package or as would not reasonably and the Prospectus to be expected to, individually or in the aggregate, result in a Material Adverse Effectconducted. Furthermore, (i) the Company and its Subsidiaries own or possess, or can promptly acquire on reasonable terms, ownership, licenses or other legal rights to use all patents, trademarks, service marks, tradenames, copyrights, trade secrets or other proprietary rights (collectively, “Intellectual Property Rights”) necessary for their respective businesses as now conducted, (ii) the Company believes it and its Subsidiaries have taken all commercially reasonable steps necessary to establish and preserve their respective ownership of all Intellectual Property Rights owned by the Company or any of its Subsidiaries that is necessary for their respective businesses as now conducted, (iiiA) to the knowledge of the Company, there is no infringement, misappropriation or other violation of the Intellectual Property Rights owned by the Company or any of its Subsidiaries by any third party, (iv) to the knowledge of the Company, the present business, activities and products of the Company and its Subsidiaries do not infringe, misappropriate or otherwise violate any Intellectual Property Rights parties of any other person or entity, such Intellectual Property; (vB) there is no proceeding pending or, to the knowledge of the Company, threatened in writingthreatened, charging action, suit, proceeding or claim by others challenging the Company Company’s or any of its Subsidiaries with infringementsubsidiaries’ rights in or to any such Intellectual Property, misappropriation or other violation and the Company is unaware of any facts which would form a reasonable basis for any such claim; (C) the Intellectual Property Rights adversely held owned by a third party which has been filedthe Company and its subsidiaries, (vi) no proceedings have been instituted or are pending or, and to the knowledge of the Company, threatened in writing, which challenge the rights of the Company or any of its Subsidiaries to use the Intellectual Property Rights owned by or licensed to the Company or its Subsidiaries, and (vii) the Intellectual Property Rights owned by and, to the knowledge of the Company, licensed, to the Company and its Subsidiariessubsidiaries, has not been adjudged invalid or unenforceable unenforceable, in whole or in part part, and there is no pending or, to the knowledge of the Company, threatened in writing action, suit, proceeding or claim by others challenging the validity or scope of any such Intellectual Property RightsProperty, and the Company is unaware of any facts which are reasonably likely to would form a reasonable basis for any such claim; (D) there is no pending or, to the knowledge of the Company, threatened action, suit, proceeding or claim by others that the Company or any of its subsidiaries infringes, misappropriates or otherwise violates any Intellectual Property or other proprietary rights of others, neither the Company or any of its subsidiaries has received any written notice of such claim and the Company is unaware of any other fact which would form a reasonable basis for any such claim; and (E) to the Company’s knowledge, no employee of the Company or any of its subsidiaries is in or has ever been in violation of any term of any employment contract, patent disclosure agreement, invention assignment agreement, non-competition agreement, non-solicitation agreement, nondisclosure agreement or any restrictive covenant to or with a former employer where the basis of such violation relates to such employee’s employment with the Company or any of its subsidiaries or actions undertaken by the employee while employed with the Company or any of its subsidiaries, except as such violation would not result in a Material Adverse Effect. “Intellectual Property” shall mean all patents, patent applications, trade and service marks, trade and service mxxx registrations, trade names, copyrights, licenses, inventions, trade secrets, domain names, technology, know-how and other intellectual property.

Intellectual Property. Except as described in the Registration Statement, Prospectus or Disclosure Package or as would not reasonably be expected to, individually or in the aggregate, result in a Material Adverse Effect, (i) Section 4.18 of the Company Disclosure Letter sets forth a complete and its Subsidiaries own or possess, or can promptly acquire on reasonable terms, ownership, licenses or other legal rights to use correct list of all patents, trademarks, service marks, tradenames, copyrights, trade secrets or other proprietary rights (collectively, “material registrations and applications for registration of any Intellectual Property Rights”) necessary for their respective businesses as now conducted, (ii) the Company believes it and its Subsidiaries have taken all commercially reasonable steps necessary to establish and preserve their respective ownership of all Intellectual Property Rights owned by the Company or any of its Subsidiaries. Except as would not reasonably be expected to have, individually or in the aggregate, a Company Material Adverse Effect: (i) the Company and each of its Subsidiaries that owns, or is licensed to use (in each case, free and clear of any Liens, except Permitted Liens), all Intellectual Property used in or necessary for their respective businesses the conduct of its business as now currently conducted; (ii) to the knowledge of the Company, neither the Company nor its Subsidiaries has infringed, misappropriated or otherwise violated the Intellectual Property rights of any Person in connection with the conduct of the business of the Company or its Subsidiaries; (iii) to the knowledge of the Company, there is no infringementPerson has challenged, misappropriation infringed, misappropriated or other violation of the otherwise violated any Intellectual Property Rights right owned by and/or licensed to the Company or its Subsidiaries; (iv) neither the Company nor any of its Subsidiaries has received any written notice or otherwise has knowledge of any pending Action with respect to any Intellectual Property used by the Company or any of its Subsidiaries or alleging that the any services provided, processes used or products manufactured, used, imported, offered for sale or sold by any third party, (iv) to the knowledge of the Company, the present business, activities and products of the Company and its Subsidiaries do not infringe, misappropriate or otherwise violate any Intellectual Property Rights of any other person or entity, (v) there is no proceeding pending or, to the knowledge of the Company, threatened in writing, charging the Company or any of its Subsidiaries with infringementinfringes, misappropriation misappropriates or other violation of otherwise violates any Intellectual Property Rights adversely held by a third party which has been filed, rights of any Person; (viv) no proceedings have been instituted or are pending or, to the knowledge consummation of the Companytransactions contemplated by this Agreement will not alter, threatened in writingencumber, which challenge impair or extinguish any Intellectual Property right of the rights Company or any of its Subsidiaries or impair the right of the Company or any of its Subsidiaries to use develop, use, sell, license or dispose of, or to bring any action for the infringement of, any Intellectual Property Rights owned by or licensed to right of the Company or any of its Subsidiaries; (vi) the Company and its Subsidiaries have taken reasonable steps in accordance with normal industry practice to maintain the confidentiality of all Trade Secrets owned, and used or held for use by the Company or any of its Subsidiaries and, to the Company’s knowledge, no such Trade Secrets have been disclosed to any third party other than pursuant to written confidentiality agreements; (vii) the Intellectual Property Rights owned by and, IT Assets operate and perform in a manner that permits the Company and its Subsidiaries to conduct their respective businesses as currently conducted and to the knowledge of the Company, licensed, no Person has gained unauthorized access to the IT Assets; and (viii) the Company and its Subsidiaries, has not been adjudged invalid or unenforceable in whole or in part Subsidiaries have implemented reasonable backup and there is no pending or, to the knowledge of the Company, threatened in writing proceeding by others challenging the validity or scope of any such Intellectual Property Rights, and the Company is unaware of any facts which are reasonably likely to form a basis for any such claimdisaster recovery technology consistent with industry practices.

Intellectual Property. Except as described Subject to the qualifications set forth in the Registration Statementthis Section 4.13(c) below, Prospectus or Disclosure Package or as would not reasonably be expected to, individually or in the aggregate, result in a Material Adverse Effect, (i) the Company and and/or its Subsidiaries own or possessown, or can promptly acquire on reasonable termsare licensed or otherwise have the right to use, ownership, licenses or other legal rights to use all patents, inventions, trademarks, service marks, tradenamestrade names, domain names, copyrights, and registrations and applications for the foregoing, know-how, manufacturing processes, formulae, trade secrets or secrets, rights of publicity of natural persons and any other proprietary rights intangible property and assets which are material to the businesses of Company and its Subsidiaries as now conducted and as proposed to be conducted (collectively, the “Intellectual Property Rights”) necessary for their respective businesses ). Except as now conductedset forth on Schedule 4.13(c), (ii) the Company believes it does not have any Knowledge of, and its Subsidiaries have taken all commercially reasonable steps necessary to establish and preserve their respective ownership of all Intellectual Property Rights owned by the neither Company or nor any of its Subsidiaries that is necessary for their respective businesses as now conductedhas given any notice of, (iii) to the knowledge any pending conflicts with or infringement of the Company, there is no infringement, misappropriation or other violation of the Intellectual Property Rights owned by the Company or any of its Subsidiaries by any third party, (iv) to the knowledge of the Company, the present business, activities and products of the Company and its Subsidiaries do not infringe, misappropriate or otherwise violate any Intellectual Property Rights of any other person or entity, (v) there is no proceeding pending or, to the knowledge of the Company, threatened in writing, charging the Company or any of its Subsidiaries with infringement, misappropriation or other violation of any Intellectual Property Rights adversely held or Regulatory Approvals by a any third party which has been filedparty, (vi) and no proceedings have been instituted action, suit, arbitration, or are pending legal, administrative or other proceedings, or investigation is pending, or, to the knowledge Knowledge of Company, threatened, which involves any Intellectual Property Rights and which could reasonably be expected to have a Material Adverse Effect. Except as set forth on Schedule 4.13(c), neither Company nor any of its Subsidiaries is subject to any judgment, order, writ, injunction or decree of any Governmental Authority or any arbitrator, or has entered into or is a party to any contract, which restricts or impairs the use of any such Intellectual Property Rights or Company’s or any of its Subsidiaries’ use of or right to use any of the Intellectual Property Rights and which could reasonably be expected to have a Material Adverse Effect. To the Knowledge of Company, threatened in writingexcept as set forth on Schedule 4.13(c), which challenge the rights of the no Intellectual Property Rights licensed to or by or otherwise used by Company or any of its Subsidiaries, no services rendered or products manufactured by or sold by Company or any of its Subsidiaries, and no conduct of the business of Company or any of its Subsidiaries, infringes upon or otherwise violates any intellectual property rights of any third party. Except as set forth on Schedule 4.13(c), neither Company nor any of its Subsidiaries has received notice of any pending conflict with or infringement upon such third-party intellectual property rights. Except as set forth on Schedule 4.13(c), no claims have been asserted by any Person with respect to use the validity of or Company’s or any of its Subsidiaries’ ownership of or right to use, the Intellectual Property Rights owned by or licensed and, to the Company or its SubsidiariesKnowledge of Company, and (vii) there is no reasonable basis for any such claim to be successful. Except as set forth on Schedule 4.13(c), the Intellectual Property Rights owned by and, are valid and enforceable (to the knowledge of the Company, licensed, extent such Intellectual Property Rights can be enforceable) and no registration or application relating thereto that is material to the business of Company or its Subsidiaries has lapsed, expired or been abandoned or cancelled or is the subject of cancellation or other adversarial proceedings, and all applications therefore are pending and are in good standing. Company and its Subsidiaries, has not been adjudged invalid or unenforceable Subsidiaries have complied in whole or in part and there is no pending or, all material respects with their respective contractual obligations relating to the knowledge of the Company, threatened in writing proceeding by others challenging the validity or scope of any such Intellectual Property Rights, Rights used pursuant to licenses. Company and its Subsidiaries take reasonable security measures that are adequate to retain trade secret protection in the Company non-patented technology that is unaware of any facts which are reasonably likely material to form a basis for any such claimtheir business.

Intellectual Property. Except as described in For purposes of this Agreement, the Registration Statementterm "Intellectual Property" shall mean, Prospectus or Disclosure Package or as would not reasonably be expected tocollectively, individually or in the aggregate, result in a Material Adverse Effect, (i) the Company and its Subsidiaries own or possess, or can promptly acquire on reasonable terms, ownership, licenses or other legal rights to use all patents, designs, art work, designs-in-progress, formulations, know-how, inventions, trademarks, trade names, trade styles, service marks, tradenames, copyrights, trade secrets manufacturing processes, and confidential or other proprietary rights (collectively, “Intellectual Property Rights”) necessary for their respective businesses as now conducted, (ii) information. The Company owns or has the Company believes it and its Subsidiaries have taken all commercially reasonable steps necessary uncontested right to establish and preserve their respective ownership of use all Intellectual Property Rights owned by necessary for the conduct of its business as presently conducted and as proposed to be conducted. Except as disclosed in Section 5.19 of the Company or any of its Subsidiaries that Disclosure Memorandum, no claim is necessary for their respective businesses as now conductedpending or, (iii) to the knowledge Knowledge of the Company, there is no infringementthreatened, misappropriation and the Company has not received any notice that the conduct of its business (including without limitation, its use of any Intellectual Property) infringes upon, misappropriates or other violation of the conflicts with any rights in Intellectual Property Rights owned by the Company or any of its Subsidiaries claimed by any third party, (iv) nor is there any basis known to the knowledge of the Company, the present business, activities and products of Company for such a claim. No use by the Company and its Subsidiaries do not infringe, misappropriate or otherwise violate any Intellectual Property Rights of any other person or entity, (v) there is no proceeding pending or, to the knowledge of the Company, threatened in writing, charging the Company or any of its Subsidiaries with infringement, misappropriation or other violation of any Intellectual Property Rights adversely held by a third party licensed to it violates the terms of any agreement pursuant to which has been filedit is licensed. No claim is pending, (vi) no proceedings have been instituted or are pending or, to the knowledge Knowledge of the Company threatened, which alleges that any Intellectual Property owned or licensed by or to the Company or which the Company otherwise has the right to use is invalid or unenforceable by the Company, threatened in writing, which challenge the rights of nor is there any basis known to the Company for any such claim. The Company does not manufacture products which are the subject of patents, patent applications, copyrights, copyright registrations, trademarks, trademark registrations, trade styles, service marks, or any of its Subsidiaries to use the Intellectual Property Rights trade secrets owned by or licensed from third parties, other than as described in Section 5.19 of the Company Disclosure Memorandum. Except as shown in Section 5.19 of the Company Disclosure Memorandum, no royalties or fees are payable by the Company to anyone for use of the Intellectual Property. Correct and complete copies of all agreements pursuant to which the Company has any license or right to use any Intellectual Property or pursuant to which it licenses any Intellectual Property have been or will be delivered to Parent. All such agreements are in full force and effect, and there are no existing Defaults or events of Default, real or claimed, or events which with or without notice or lapse of time, or both, would constitute Defaults under such agreements that would give the non-defaulting party a right to terminate such agreement or a right to receive any payment pursuant to such agreement. Except as disclosed in Section 5.19 of the Company Disclosure Memorandum the Company has not received any notice that the manufacture, use, or sale by the Company of its products, or any component or part thereof, nor any manufacturing operation or machinery employed by the Company violates or infringes upon any claims of any United States or other patent or patent application owned or held by any third party in any jurisdiction, nor is there any basis known to the Company or its Subsidiaries, and (vii) the Intellectual Property Rights owned by and, to the knowledge of the Company, licensed, to the Company and its Subsidiaries, has not been adjudged invalid or unenforceable in whole or in part and there is no pending or, to the knowledge of the Company, threatened in writing proceeding by others challenging the validity or scope of any such Intellectual Property Rights, and the Company is unaware of any facts which are reasonably likely to form a basis for any such claim. No consent of any third party is required in connection with the merger with respect to any Intellectual Property owned by, licensed to or by, or used by the Company.

Intellectual Property. Except as described in the Registration Statement, Prospectus or Disclosure Package or as would not reasonably be expected to, individually or in the aggregate, result in a Material Adverse Effect, (i) the The Company and its Subsidiaries subsidiaries own or possess, or can promptly acquire on commercially reasonable terms, ownership, licenses or other legal sufficient rights to use all patents, trademarks, service marks, tradenamestrade names, trade dress (including all goodwill associated with the foregoing), domain names, patent rights, copyrights, licenses, approvals, trade secrets secrets, inventions, technology, know-how and other intellectual property or other proprietary rights and similar rights, including registrations and applications for registration thereof (collectively, “Intellectual Property Rights”) necessary for their respective businesses as or material to the conduct of the business now conducted, (ii) the Company believes it and its Subsidiaries have taken all commercially reasonable steps necessary to establish and preserve their respective ownership of all Intellectual Property Rights owned by the Company or any of its Subsidiaries that is necessary for their respective businesses as now conducted, (iii) to the knowledge of the Company, there is no infringement, misappropriation or other violation of the Intellectual Property Rights owned by the Company or any of its Subsidiaries by any third party, (iv) to . To the knowledge of the Company, the present business, activities and products conduct of the business of the Company and its Subsidiaries do subsidiaries has not infringed, misappropriated or otherwise violated the Intellectual Property Rights of others in any material respect, and the conduct of the business of the Company and its subsidiaries as proposed in the General Disclosure Package or the Final Offering Circular to be conducted by them will not infringe, misappropriate or otherwise violate any the Intellectual Property Rights of others in any other person material respect. Except as disclosed in the General Disclosure Package and the Final Offering Circular or entityas would not, individually or in the aggregate reasonably be expected to have a Material Adverse Effect, to the Company’s knowledge, (vi) there are no rights of third parties to any of the Intellectual Property Rights owned or purported to be owned by the Company or its subsidiaries (other than Intellectual Property Rights licensed by the Company to customers or partners in the ordinary course of business); (ii) there is no proceeding pending orinfringement, to misappropriation, breach, default or other violation, or the knowledge occurrence of any event that with notice or the passage of time would constitute any of the Companyforegoing, threatened in writing, charging the Company or by any third party of any of its Subsidiaries with infringement, misappropriation or other violation of any the Intellectual Property Rights adversely held by a third party which has been filed, (vi) no proceedings have been instituted or are pending or, to the knowledge of the Company, threatened in writing, which challenge the rights of the Company or any of its Subsidiaries to use the Intellectual Property Rights owned by or licensed to the Company or its Subsidiaries, and subsidiaries; (viiiii) the Intellectual Property Rights owned by and, to the knowledge of the Company, licensed, to the Company and its Subsidiaries, has not been adjudged invalid or unenforceable in whole or in part and there is no pending oror threatened action, to suit, proceeding or claim by any third party challenging the knowledge Company’s or any of its subsidiaries’ rights in or to, or alleging the violation of any of the Companyterms of, threatened in writing proceeding by others challenging the validity or scope any of any such their Intellectual Property Rights, and the Company is unaware of any facts which are reasonably likely to would form a reasonable basis for any such claim; (iv) there is no pending or threatened action, suit, proceeding or claim by any third party challenging the validity, enforceability or scope of any Intellectual Property Rights of the Company or any of its subsidiaries, and the Company is unaware of any facts which would form a reasonable basis for any such claim; (v) there is no pending or threatened action, suit, proceeding or claim by any third party alleging that the Company or any of its subsidiaries infringes, misappropriates or otherwise violates or conflicts with any Intellectual Property Rights of any third party and the Company is unaware of any other fact which would form a reasonable basis for any such claim; and (vi) none of the Intellectual Property Rights used or held for use by the Company or any of its subsidiaries in their businesses has been obtained or is being used or held for use by the Company or any of its subsidiaries in violation of any contractual obligation binding on the Company or any of its subsidiaries or in violation of any rights of any third party.

Intellectual Property. Except as described in the Registration Statement, Prospectus The Company owns or Disclosure Package possess or as would not reasonably be expected to, individually or in the aggregate, result in a Material Adverse Effect, (i) the Company and its Subsidiaries own or possess, or can promptly acquire on reasonable terms, ownership, licenses or other legal has valid rights to use all patents, patent applications, trademarks, service marks, tradenamestrade names, trademark registrations, service mark registrations, copyrights, licenses, inventions, trade secrets or other proprietary and similar rights (collectively, “Intellectual Property Rights”) necessary for their respective businesses as now conducted, (ii) the conduct of the business of the Company believes it and its Subsidiaries have taken all commercially reasonable steps necessary subsidiaries as currently carried on and as described in the Registration Statement and the Prospectus, except as would not be reasonably likely to establish and preserve their respective ownership result in a Material Adverse Change. To the knowledge of all Intellectual Property Rights owned the Company, no action or use by the Company or any of its Subsidiaries that is subsidiaries necessary for the conduct of their respective businesses business as now conductedcurrently carried on and as described in the Registration Statement and the Prospectus will involve or give rise to any infringement of, or license or similar fees for, any Intellectual Property Rights of others, except where such action, use, license or fee is not reasonably likely to result in a Material Adverse Change. Neither the Company nor any of its subsidiaries have received any notice alleging any such infringement, fee or conflict with asserted Intellectual Property Rights of others. Except as would not reasonably be expected to result, individually or in the aggregate, in a Material Adverse Change (iiiA) to the knowledge of the Company, there is no infringement, misappropriation or other violation by third parties of any of the Intellectual Property Rights owned by the Company or any of its Subsidiaries by any third party, subsidiaries; (ivB) to the knowledge of the Company, the present business, activities and products of the Company and its Subsidiaries do not infringe, misappropriate or otherwise violate any Intellectual Property Rights of any other person or entity, (v) there is no proceeding pending or, to the knowledge of the Company, threatened in writing, charging the Company or any of its Subsidiaries with infringement, misappropriation or other violation of any Intellectual Property Rights adversely held by a third party which has been filed, (vi) no proceedings have been instituted or are pending or, to the knowledge of the Company, threatened in writing, which challenge the rights of the Company or any of its Subsidiaries to use the Intellectual Property Rights owned by or licensed to the Company or its Subsidiaries, and (vii) the Intellectual Property Rights owned by and, to the knowledge of the Company, licensed, to the Company and its Subsidiaries, has not been adjudged invalid or unenforceable in whole or in part and there is no pending or, to the knowledge of the Company, threatened action, suit, proceeding or claim by others challenging the rights of the Company or any of its subsidiaries in writing or to any such Intellectual Property Rights, and the Company is unaware of any facts which would form a reasonable basis for any such claim, that would, individually or in the aggregate, together with any other claims in this Section 6(bb), reasonably be expected to result in a Material Adverse Change; (C) the Intellectual Property Rights owned by the Company or any of its subsidiaries and, to the knowledge of the Company, the Intellectual Property Rights licensed to the Company have not been adjudged by a court of competent jurisdiction invalid or unenforceable, in whole or in part, and there is no pending or, to the Company’s knowledge, threatened action, suit, proceeding or claim by others challenging the validity or scope of any such Intellectual Property Rights, and the Company is unaware of any facts which are reasonably likely to would form a reasonable basis for any such claimclaim that would, individually or in the aggregate, together with any other claims in this Section 6(bb), reasonably be expected to result in a Material Adverse Change; (D) there is no pending or, to the Company’s knowledge, threatened action, suit, proceeding or claim by others that the Company or any of its subsidiaries infringes, misappropriates or otherwise violates any Intellectual Property Rights or other proprietary rights of others, neither the Company nor any of its subsidiaries has received any written notice of such claim and the Company is unaware of any other facts which would form a reasonable basis for any such claim that would, individually or in the aggregate, together with any other claims in this Section 6(bb), reasonably be expected to result in a Material Adverse Change; and (E) to the Company’s knowledge, no employee of the Company or any of its subsidiaries is in or has ever been in violation in any material respect of any term of any employment contract, patent disclosure agreement, invention assignment agreement, non-competition agreement, non-solicitation agreement, nondisclosure agreement or any restrictive covenant to or with a former employer where the basis of such violation relates to such employee’s employment with the Company or any of its subsidiaries, or actions undertaken by the employee while employed with the Company or any of its subsidiaries and could reasonably be expected to result, individually or in the aggregate, in a Material Adverse Change. To the Company’s knowledge, all material technical information developed by and belonging to the Company or any of its subsidiaries which has not been patented has been kept confidential. Neither the Company nor any of its subsidiaries is a party to or bound by any options, licenses or agreements with respect to the Intellectual Property Rights of any other person or entity that are required to be set forth in the Registration Statement and the Prospectus and are not described therein. The Registration Statement and the Prospectus contain in all material respects the same description of the matters set forth in the preceding sentence. None of the technology employed by the Company or its subsidiaries has been obtained or is being used by the Company or any of its subsidiaries in violation of any contractual obligation binding on the Company or any such subsidiary or, to the Company’s knowledge, any of its or its subsidiaries’ officers, directors or employees, or otherwise in violation of the rights of any persons.

Intellectual Property. Except as described in the Registration Statement, Prospectus or the General Disclosure Package and the Prospectus (A) the Company owns or otherwise possesses, holds or has obtained valid and enforceable licenses or other rights or believes that it can on commercially reasonable terms obtain such licenses or other rights under patent applications, patents, inventions, copyrights, know how (including trade secrets and other unpatented and/or unpatentable proprietary or confidential information, systems or procedures), trademarks (both registered and unregistered), service marks, trade names, software, domain names and other intellectual property, including registrations and applications for registration thereof (collectively, “Intellectual Property”) used in or necessary to carry on the business now operated by the Company and as currently proposed to be operated by it as disclosed in the Registration Statement, the General Disclosure Package and the Prospectus, except as such failure to own or obtain such licenses or other rights would not reasonably be expected to, individually or in the aggregate, to result in a Material Adverse Effect, ; (i) the Company and its Subsidiaries own or possess, or can promptly acquire on reasonable terms, ownership, licenses or other legal rights to use all patents, trademarks, service marks, tradenames, copyrights, trade secrets or other proprietary rights (collectively, “Intellectual Property Rights”) necessary for their respective businesses as now conducted, (ii) the Company believes it and its Subsidiaries have taken all commercially reasonable steps necessary to establish and preserve their respective ownership of all Intellectual Property Rights owned by the Company or any of its Subsidiaries that is necessary for their respective businesses as now conducted, (iiiB) to the knowledge of the Company, there is no infringement, misappropriation or other violation none of the Intellectual Property Rights described in the Registration Statement, the General Disclosure Package and the Prospectus as owned by or licensed to the Company or any of its Subsidiaries by any third party, (iv) to the knowledge of the Companycollectively, the present business“Company Intellectual Property”) has been adjudged invalid or unenforceable, activities and products of the Company and its Subsidiaries do not infringe, misappropriate in whole or otherwise violate any Intellectual Property Rights of any other person or entity, in part; (vC) there is no proceeding currently pending or, to the knowledge of the Company, threatened action, suit, proceeding or claim by others challenging the validity, enforceability or scope of, or challenging the Company’s ownership of or rights in writingor to, charging any Company Intellectual Property, and the Company or any of its Subsidiaries with infringement, misappropriation or other violation is not aware of any facts or circumstances that would render any Company Intellectual Property Rights adversely held by invalid or unenforceable, or of inadequate scope to protect the interests of the Company in conducting its business, except in each case, as would not reasonably be expected to result in a third party which has been filed, Material Adverse Effect; (viD) there is no proceedings have been instituted or are currently pending or, to the knowledge of the Company, threatened in writingaction, which challenge the rights of suit, proceeding or claim by a third party alleging that the Company infringes, misappropriates, or otherwise violates, or would, upon commercialization of any of its Subsidiaries to use product candidate described in the Registration Statement, the General Disclosure Package and the Prospectus, infringe, misappropriate or otherwise violate, any Intellectual Property Rights owned by or licensed to of third parties, and the Company has not received any notice alleging, or its Subsidiariesis otherwise aware of, and any facts or circumstances that would give rise to such an action, proceeding or claim, except, in each case, where such infringement, misappropriation or other violation would not reasonably be expected to result in a Material Adverse Effect; (viiE) the Intellectual Property Rights owned by and, to the knowledge of the Company, licensedno material technology employed by the Company has been obtained or is being used by the Company in violation of any contractual or legal obligation binding on the Company or any of its officers, directors or employees, which violation relates to the Company and its Subsidiariesbreach of a confidentiality obligation, has not been adjudged invalid or unenforceable in whole or in part and there is no pending or, obligation to the knowledge of the Company, threatened in writing proceeding by others challenging the validity or scope of any such assign Intellectual Property Rights, and to a previous employer or obligation otherwise not to use the Company is unaware Intellectual Property of any facts which are reasonably likely to form a basis for any such claimthird party.

Intellectual Property. Except as described in The Company and its subsidiaries own or possess the Registration Statement, Prospectus or Disclosure Package or as would not reasonably be expected to, individually or in the aggregate, result in a Material Adverse Effect, valid right to use all (i) the Company patents, patent applications, trademarks, trademark registrations, service marks, service xxxx registrations, Internet domain name registrations, copyrights, copyright registrations, licenses, trade secret rights (“Intellectual Property Rights”) and its Subsidiaries own or possess(ii) inventions, or can promptly acquire on reasonable termssoftware, ownership, licenses or other legal rights to use all patentsworks of authorships, trademarks, service marks, tradenamestrade names, copyrightsformulae, know how, Internet domain names and other intellectual property (including trade secrets and other unpatented and/or unpatentable proprietary confidential information, systems, or other proprietary rights procedures) (collectively, “"Intellectual Property Rights”Assets") necessary for to conduct their respective businesses as now conducted, (ii) currently conducted or as described to be conducted in the SEC Reports. The Company and its subsidiaries have not received written notice of any challenge by any other person to the rights of the Company believes it and its Subsidiaries have taken all commercially reasonable steps necessary subsidiaries with respect to establish and preserve their respective ownership of all any Intellectual Property Rights or Intellectual Property Assets owned or used by the Company or any of its Subsidiaries that is necessary for their respective businesses as now conducted, (iii) to the knowledge of the Company, there is no infringement, misappropriation or other violation of the Intellectual Property Rights owned by the Company or any of its Subsidiaries by any third party, (iv) to subsidiaries. To the knowledge of the Company, the present business, activities and products of the Company and its Subsidiaries subsidiaries’ respective businesses as now conducted do not infringegive rise to any infringement of, misappropriate any misappropriation of, or otherwise violate other violation of, any valid and enforceable Intellectual Property Rights of any other person person. All licenses for the use of the Intellectual Property Rights described in the SEC Reports are valid, binding upon, and enforceable by or entity, (v) there is against the parties thereto in accordance with its terms. The Company has no proceeding pending or, reason to believe that the licensors under such licenses and other agreements do not have and/or did not have all requisite power and authority to grant the rights to the knowledge Intellectual Property purported to be granted thereby. The Company has complied in all material respects with, and is not in material breach nor has received any asserted or threatened claim of the Company, threatened in writing, charging the Company or any of its Subsidiaries with infringement, misappropriation or other violation breach of any Intellectual Property Rights adversely held license, and the Company has no knowledge of any breach or anticipated breach by a third party which any other person to any Intellectual Property license. No claim has been filedmade against the Company alleging the infringement by the Company of any patent, (vi) no proceedings have been instituted trademark, service xxxx, trade name, copyright, trade secret, license in or are pending orother intellectual property right or franchise right of any person. The Company has taken all reasonable steps to protect, to maintain and safeguard its Intellectual Property Rights, including the knowledge execution of appropriate nondisclosure and confidentiality agreements. The consummation of the transactions contemplated by this Agreement will not result in the loss or impairment of or payment of any additional amounts with respect to, nor require the consent of any other person in respect of, the Company's right to own, threatened in writinguse, which challenge the rights of the Company or hold for use any of its Subsidiaries to use the Intellectual Property Rights owned by as owned, used or licensed to held for use in the Company or its Subsidiaries, and (vii) the Intellectual Property Rights owned by and, to the knowledge conduct of the Company, licensed, to the Company and its Subsidiaries, has not been adjudged invalid or unenforceable in whole or in part and there is no pending or, to the knowledge of the Company, threatened in writing proceeding by others challenging the validity or scope of any such Intellectual Property Rights, and the Company is unaware of any facts which are reasonably likely to form a basis for any such claimbusiness as currently conducted.

Intellectual Property. Except as described disclosed in the Registration Statement, Prospectus or Disclosure Package or SEC Documents (as would not reasonably be expected to, individually or in the aggregate, result in a Material Adverse Effect, defined below): (i) the Company and its Subsidiaries own each Subsidiary owns or possess, or can promptly acquire on reasonable terms, ownership, has obtained valid and enforceable licenses or other legal rights to use all options for the inventions, patent applications, patents, trademarkstrademarks (both registered and unregistered), service markstrade names, tradenames, copyrightscopyrights (both registered and unregistered), trade secrets and other intellectual property (including unpatented and/or unpatentable proprietary or other proprietary rights confidential information, systems or procedures) necessary for the conduct of their respective business as currently conducted (collectively, the “Intellectual Property RightsProperty”) necessary except for their respective businesses as now conducted, those items of Intellectual Property the failure to obtain would not reasonably be expected to have a Material Adverse Effect; and (ii) to the Company believes it and its Subsidiaries Company’s knowledge, (a) there are no third parties who have taken all commercially reasonable steps necessary any ownership rights to establish and preserve their respective ownership of all the Intellectual Property Rights that is owned by the Company or each Subsidiary for the products or assets described in the SEC Documents (as defined below) that would preclude the Company or any of Subsidiary from conducting its Subsidiaries that is necessary for their respective businesses business as now conducted, currently conducted and have a Material Adverse Effect; (iiib) there are no third parties who have any ownership rights to the knowledge Intellectual Property that has been licensed to or optioned by the Company or each Subsidiary for the products or assets described in the SEC Documents (as defined below) that would preclude the Company or any Subsidiary from conducting its business as currently conducted and have a Material Adverse Effect, except for the ownership rights of the Company, there is no infringement, misappropriation or other violation owners of the Intellectual Property Rights owned licensed or optioned by the Company or any Subsidiary; (c) there are currently no sales of its Subsidiaries any products that would constitute an infringement by any third party, (iv) to the knowledge parties of the Company, the present business, activities and products of the Company and its Subsidiaries do not infringe, misappropriate or otherwise violate any Intellectual Property Rights of owned, licensed or optioned by the Company or any other person or entity, Subsidiary; (vd) there is no pending or threatened action, suit, proceeding pending or, to the knowledge of the Company, threatened in writing, charging the Company or any of its Subsidiaries with infringement, misappropriation or other violation of any Intellectual Property Rights adversely held claim by a third party which has been filed, (vi) no proceedings have been instituted or are pending or, to the knowledge of the Company, threatened in writing, which challenge others challenging the rights of the Company or any of its Subsidiaries Subsidiary in or to use the any Intellectual Property Rights owned owned, licensed or optioned by or licensed to the Company or its Subsidiaries, and any Subsidiary; (viie) the Intellectual Property Rights owned by and, to the knowledge of the Company, licensed, to the Company and its Subsidiaries, has not been adjudged invalid or unenforceable in whole or in part and there is no pending oror threatened action, to the knowledge of the Companysuit, threatened in writing proceeding or claim by others challenging the validity or scope of any such Intellectual Property Rightsowned, and licensed or optioned by the Company or any Subsidiary; and (f) there is unaware no pending or threatened material action, suit, proceeding or claim by others that the Company or any of any facts which are Subsidiaries infringes or otherwise violates any patent, trademark, copyright, trade secret or other proprietary right of others, in each case of clauses (c), (d) and (e), other than such actions, suits, proceedings and claims as would not reasonably likely be expected to form have a basis for any such claimMaterial Adverse Effect.

Intellectual Property. Except as described in (a) The Disclosure Schedule sets forth a true, correct and complete list (including, to the Registration Statementextent applicable, Prospectus registration, application or Disclosure Package or as would not reasonably be expected to, individually or in the aggregate, result in a Material Adverse Effect, (ifile numbers) the Company and its Subsidiaries own or possess, or can promptly acquire on reasonable terms, ownership, licenses or other legal rights to use of all patents, trademarks, trade names, service marks, tradenames, copyrights, trade secrets or other proprietary rights (collectively, “Intellectual Property Rights”) necessary for their respective businesses as now conducted, (ii) the Company believes it domain names and its Subsidiaries have taken all commercially reasonable steps necessary to establish registered copyrights and preserve their respective ownership of all Intellectual Property Rights owned material non-registered copyrights used by the Company Xxxxxx Xxxxxxxx or any of its Subsidiaries that is necessary for their respective businesses as now conducted, (iii) which are material to the knowledge conduct of their business, and all registrations of or application for registration of any of the Companyforegoing, there is no infringementincluding any additions thereto or extensions, misappropriation continuations, renewals of divisions thereof (setting forth the registration, issue or serial number and a description of the same) (collectively, together with all trade dress, trade secrets, processes, formulae, designs, know-how and other violation intellectual property rights that are so used, the "Intellectual Property"). Falcon has heretofore been furnished with true, correct and complete copies of each registration or application for registration covering any of the Intellectual Property Rights which is registered with, or in respect of which any application for registration has been filed with, any governmental body or authority. (b) The Intellectual Property includes all of the material intellectual property rights owned or licensed by Xxxxxx Xxxxxxxx and its Subsidiaries that are reasonably necessary to conduct their business as it is now conducted or is expected to be conducted. Xxxxxx Xxxxxxxx, directly or through its Subsidiaries, has good, marketable and exclusive title to, and the Company valid and enforceable power and unqualified right to use, the Intellectual Property free and clear of all liens or other encumbrances and (B) no person or entity other than Xxxxxx Xxxxxxxx and its Subsidiaries has any right or interest of any kind or nature in or with respect to the Intellectual Property or any portion thereof or any rights to use, market or exploit the Intellectual Property or any portion thereof. (c) Neither the existence nor the sale, license, lease, transfer, use, reproduction, distribution, modification or other exploitation by Xxxxxx Xxxxxxxx or any of its Subsidiaries of any of the Intellectual Property does, did or will (i) infringe on any patent, trademark, copyright or other right of any other person, (ii) constitute a misuse or misappropriation of any trade secret, know-how, process, proprietary information or other right of any other person, or (iii) entitle any other person to any interest therein, or right to compensation from Xxxxxx Xxxxxxxx or any of its Subsidiaries or any of their respective successors or assigns (it being understood and agreed that, insofar as the foregoing representation and warranty relates to Intellectual Property that is licensed to Xxxxxx Xxxxxxxx or any of its Subsidiaries by any third party, (iv) such representation and warranty is made only to the knowledge of the Company, the present business, activities and products of the Company and its Subsidiaries do not infringe, misappropriate or otherwise violate any Intellectual Property Rights of any other person or entity, (v) there is no proceeding pending or, to the knowledge of the Company, threatened in writing, charging the Company or Xxxxxx Xxxxxxxx. Neither Xxxxxx Xxxxxxxx nor any of its Subsidiaries with infringementhas received any complaint, misappropriation or other violation of any Intellectual Property Rights adversely held by a third party which has been filed, (vi) no proceedings have been instituted or are pending or, to the knowledge of the Company, threatened in writing, which challenge the rights of the Company or any of its Subsidiaries to use the Intellectual Property Rights owned by or licensed to the Company or its Subsidiaries, and (vii) the Intellectual Property Rights owned by and, to the knowledge of the Company, licensed, to the Company and its Subsidiaries, has not been adjudged invalid or unenforceable in whole or in part and there is no pending or, to the knowledge of the Company, threatened in writing proceeding by others challenging the validity or scope of any such Intellectual Property Rights, and the Company is unaware of any facts which are reasonably likely to form a basis for any such claim.16

Intellectual Property. Section 4.17 of the Company Disclosure Schedule sets forth a true and complete list of all material Intellectual Property of the Company and its Subsidiaries. The Company or one of its Subsidiaries is either (a) the sole and exclusive (as to any third party) owner or assignee of the entire right, title and interest in and to or (b) the licensee under a perpetual license that does not require royalty or other payment obligations to third parties, of the Intellectual Property set forth on Section 4.17 of the Company Disclosure Schedule and all other Intellectual Property material to and used in its business. The Company or such Subsidiary owns or has the rights to use, free and clear of any Liens, but subject to any existing licenses or other grants of rights to third parties, all material Intellectual Property as is necessary and sufficient (a) for its businesses as currently conducted and (b) for the services provided by the Company and its Subsidiaries. Except as described in the Registration Statement, Prospectus or Disclosure Package or as would not reasonably be expected toas, individually or in the aggregate, result in would reasonably be expected to have a Material Adverse Effect, (i) to the Company and its Subsidiaries own or possessknowledge of the Company, or can promptly acquire on reasonable terms, ownership, licenses or other legal rights to use all patents, trademarks, service marks, tradenames, copyrights, trade secrets or other proprietary rights (collectively, “no Intellectual Property Rights”) necessary for their respective businesses as now conducted, (ii) the Company believes it and its Subsidiaries have taken all commercially reasonable steps necessary to establish and preserve their respective ownership of all Intellectual Property Rights owned used by the Company or any of its Subsidiaries infringes or is alleged to infringe any Intellectual Property rights of any third party, (ii) there are no Actions or Judgments pending that is necessary for their respective businesses as now conductedhave been served, or, to the knowledge of the Company, filed but not served or threatened, that seek to cancel, limit or challenge the ownership, validity, registerability, enforceability, or use of or right to use any Intellectual Property of the Company or any of its Subsidiaries, (iii) to the knowledge of the Company, there no Person is no infringementmisappropriating, misappropriation or other violation of the Intellectual Property Rights owned by the Company or any of its Subsidiaries by any third party, (iv) to the knowledge of the Company, the present business, activities and products of the Company and its Subsidiaries do not infringe, misappropriate infringing or otherwise violate violating any Intellectual Property Rights of any other person or entity, (v) there is no proceeding pending or, to the knowledge of the Company, threatened in writing, charging the Company or any of its Subsidiaries with infringement, misappropriation or other violation of any Intellectual Property Rights adversely held by a third party which has been filed, (vi) no proceedings have been instituted or are pending or, to the knowledge of the Company, threatened in writing, which challenge the rights of the Company or any of its Subsidiaries to use the Intellectual Property Rights owned by or licensed to the Company or its Subsidiaries, and (viiiv) the Intellectual Property Rights owned by and, to the knowledge of the Company, licensed, to the Company and its SubsidiariesSubsidiaries own or are licensed to use, or otherwise possess valid rights to use, all material Intellectual Property necessary to conduct the business of the Company and its Subsidiaries as it is currently conducted. Neither the Company nor any of its Subsidiaries has not been adjudged invalid granted any license, sublicenses or unenforceable in whole or in part and there is no pending orany other rights in, to or under the knowledge of the Company, threatened in writing proceeding by others challenging the validity or scope of any such Intellectual Property Rights, and the Company is unaware of any facts which are reasonably likely to form a basis for any such claimProperty.

Intellectual Property. Except as described in the Registration Statement, Prospectus or Disclosure Package or as would not reasonably be expected to, individually or in the aggregate, result in to have a Material Adverse Effect, (i) the Company and its Subsidiaries subsidiaries own or possess, or can promptly acquire on reasonable terms, ownership, licenses or other legal rights have a valid license to use all patents, inventions, copyrights, know how (including trade secrets and other unpatented and/or unpatentable proprietary or confidential information, systems or procedures), trademarks, service marks, tradenames, copyrights, marks and trade secrets or names and all other worldwide intellectual property and proprietary rights (including all registrations and applications for registration of, and all goodwill associated with, any of the foregoing) (collectively, “Intellectual Property Rights”) used or held for use in any material respect, or reasonably necessary for to the conduct of their respective businesses as now conducted, conducted by them; (ii) the Company believes it and its Subsidiaries have taken all commercially reasonable steps necessary to establish and preserve their respective ownership of all Intellectual Property Rights owned by the Company or any of its Subsidiaries that is necessary for their respective businesses as now conducted, (iii) to the knowledge of the Company, there is no infringement, misappropriation or other violation of the Intellectual Property Rights owned by the Company and its subsidiaries and, to the Company’s knowledge, the Intellectual Property Rights licensed to the Company and its subsidiaries, are valid, subsisting and enforceable, and there is no pending or, to the Company’s knowledge, threatened action, suit, proceeding or claim by others challenging the validity, scope or enforceability of, or any rights of the Company or any of its Subsidiaries subsidiaries in, any such Intellectual Property Rights (excluding office actions and other similar prosecution-related processes or proceedings by intellectual property registries and offices, including the USPTO); (iii) neither the Company nor any third partyof its subsidiaries has received any notice alleging any infringement, misappropriation or other violation of Intellectual Property Rights; (iv) to the knowledge Company’s knowledge, no Person is infringing, misappropriating or otherwise violating, or has infringed, misappropriated or otherwise violated, any Intellectual Property Rights owned or controlled by the Company or any of its subsidiaries; (v) neither the Company nor any of its subsidiaries infringes, misappropriates or otherwise violates, or has infringed, misappropriated or otherwise violated, any Intellectual Property Rights of any Person, and the conduct of each of the Company, the present business, activities and products respective businesses of the Company and its Subsidiaries do subsidiaries as described in Pre-Effective Registration Statement, the Registration Statement, the Preliminary Prospectus and the Prospectus will not knowingly infringe, misappropriate misappropriate, or otherwise violate any Intellectual Property Rights of any other person Person; (vi) all employees or entity, (v) there is no proceeding pending or, to contractors engaged in the knowledge of the Company, threatened in writing, charging the Company or any of its Subsidiaries with infringement, misappropriation or other violation development of any Intellectual Property Rights adversely held by a third party which has been filed, (vi) no proceedings have been instituted or are pending or, to the knowledge of the Company, threatened in writing, which challenge the rights on behalf of the Company or any of its Subsidiaries subsidiaries have executed an invention assignment agreement or are otherwise subject to use contractual provisions whereby such employees or contractors presently assign all of their right, title and interest in and to such Intellectual Property Rights to the Company or its applicable subsidiary, and to the Company’s knowledge no such agreement has been breached or violated; and (vii) the Company and its subsidiaries use, and have used, commercially reasonable efforts in accordance with customary industry practice to appropriately maintain the confidentiality of all Intellectual Property Rights owned by or licensed them, including maintenance and protection of all information intended to the Company or its Subsidiaries, and (vii) the Intellectual Property Rights owned by and, to the knowledge of the Company, licensed, to the Company and its Subsidiaries, has not been adjudged invalid or unenforceable in whole or in part and there is no pending or, to the knowledge of the Company, threatened in writing proceeding by others challenging the validity or scope of any such Intellectual Property Rights, and the Company is unaware of any facts which are reasonably likely to form be maintained as a basis for any such claimtrade secret.

Intellectual Property. Except as described in the Registration Statement, Prospectus or Disclosure Package or as would not reasonably be expected to, individually or in the aggregate, result in a Material Adverse Effect, (i) the The Company and its Subsidiaries subsidiaries own or possess, or can promptly acquire on reasonable terms, ownership, licenses or other legal rights possess the right to use all patents, patent applications, inventions, licenses, know-how (including trade secrets and other unpatented and/or unpatentable proprietary or confidential information or procedures), trademarks, service marks, tradenamestrade names, copyrightsdomain names, trade secrets or copyrights (including rights in software), and other proprietary rights intellectual property, and registrations and applications for registration of any of the foregoing (collectively, “Intellectual Property RightsProperty”) necessary for their respective businesses as now conducted, (ii) the Company believes it and its Subsidiaries have taken all commercially reasonable steps used by or necessary to establish conduct their business as presently conducted and preserve their respective ownership of all Intellectual Property Rights owned by currently contemplated to be conducted in the Company or any of its Subsidiaries that is necessary for their respective businesses future as now conducteddescribed in the SEC Reports and, (iii) to the knowledge of the Company, there neither the Company nor any of its subsidiaries, whether through their respective products and services or the conduct of their respective businesses, has infringed, misappropriated, conflicted with or otherwise violated, or is currently infringing, misappropriating, conflicting with or otherwise violating, and none of the Company or its subsidiaries have received any heretofore unresolved communication or notice of infringement of, misappropriation of, conflict with or violation of, any Intellectual Property of any other Person. Neither the Company nor any of its subsidiaries has received any communication or notice (in each case that has not been resolved) alleging that by conducting their business as described in the SEC Reports, such parties would infringe, misappropriate, conflict with, or violate, any of the Intellectual Property of any other Person. The Company knows of no infringement, misappropriation or other violation by others of Intellectual Property owned by or licensed to the Company or its subsidiaries which would reasonably be expected to result in a Material Adverse Effect. The Company and its subsidiaries have taken all reasonable steps necessary to secure their interests in such Intellectual Property from their employees and contractors and to protect the confidentiality of all of their confidential information and trade secrets. None of the Intellectual Property Rights owned or used by the Company or its subsidiaries misappropriates the trade secrets or confidential information of any Person, or violates any contractual obligation binding on the Company or any of its Subsidiaries by any third party, (iv) to the knowledge of the Company, the present business, activities and products of the Company and its Subsidiaries do not infringe, misappropriate or otherwise violate any Intellectual Property Rights of any other person or entity, (v) there is no proceeding pending subsidiaries or, to the knowledge of the Company, threatened any of their respective officers, directors or employees, in writingeach case except as would not reasonably be expected, charging individually or in the aggregate, to have a Material Adverse Effect. All Intellectual Property owned or exclusively licensed by the Company or its subsidiaries is free and clear of all liens, encumbrances, defects or other restrictions (other than non-exclusive licenses granted in the ordinary course of business), except those that would not reasonably be expected, individually or in the aggregate, to have a Material Adverse Effect. The Company and its subsidiaries are not subject to any judgment, order, writ, injunction or decree of any court or any Governmental Entity, nor has the Company or any of its Subsidiaries with infringementsubsidiaries entered into or become a party to any agreement made in settlement of any pending or threatened litigation, misappropriation which materially restricts or other violation impairs their use of any Intellectual Property Rights adversely held by a third party which has been filed, (vi) no proceedings have been instituted or are pending or, to the knowledge of the Company, threatened in writing, which challenge the rights of the Company or any of its Subsidiaries to use the Intellectual Property Rights owned by or licensed to the Company or its Subsidiaries, and (vii) the Intellectual Property Rights owned by and, to the knowledge of the Company, licensed, to the Company and its Subsidiaries, has not been adjudged invalid or unenforceable in whole or in part and there is no pending or, to the knowledge of the Company, threatened in writing proceeding by others challenging the validity or scope of any such Intellectual Property Rights, and the Company is unaware of any facts which are reasonably likely to form a basis for any such claimProperty.

Intellectual Property. Except The Company and its subsidiaries own or possess the valid right to use all (i) valid and enforceable patents, patent applications, trademarks, trademark registrations, service marks, service xxxx registrations, Internet domain name registrations, copyrights, copyright registrations, licenses, trade secret rights (“Intellectual Property Rights”) and (ii) inventions, software, works of authorships, trademarks, service marks, trade names, databases, formulae, know how, Internet domain names and other intellectual property (including trade secrets and other unpatented and/or unpatentable proprietary confidential information, systems, or procedures) (collectively, “Intellectual Property Assets”) necessary to conduct their respective businesses as currently conducted, and as proposed to be conducted and described in the Registration Statement, Prospectus or General Disclosure Package and the Prospectus, except to the extent that the failure to own or as possess adequate rights to use such Intellectual Property Rights or Intellectual Property Assets would not reasonably be expected tonot, individually or in the aggregate, result in reasonably be expected to have a Material Adverse Effect, (i) the . The Company and its Subsidiaries own or possess, or can promptly acquire on reasonable terms, ownership, licenses or other legal rights to use all patents, trademarks, service marks, tradenames, copyrights, trade secrets or other proprietary rights (collectively, “Intellectual Property Rights”) necessary for subsidiaries have not received any written notice of any claim that any activities of their respective businesses as now conducted, (ii) the Company believes it and its Subsidiaries have taken all commercially reasonable steps necessary to establish and preserve their respective ownership of all Intellectual Property Rights owned by the Company or any of its Subsidiaries that is necessary for their respective businesses as now conducted, (iii) to the knowledge of the Company, there is no infringement, misappropriation or other violation of the Intellectual Property Rights owned by the Company or any of its Subsidiaries by any third party, (iv) to the knowledge of the Company, the present business, activities and products of the Company and its Subsidiaries do not infringe, misappropriate misappropriate, or otherwise violate any violate, valid and enforceable Intellectual Property Rights of any other person or entityperson, (v) there is no proceeding pending or, to the knowledge of the Company, threatened in writing, charging the Company or any of its Subsidiaries with infringement, misappropriation or other violation and have not received written notice of any Intellectual Property Rights adversely held by a third party which has been filed, (vi) no proceedings have been instituted or are pending or, to the knowledge of the Company, threatened in writingchallenge, which challenge is to their knowledge still pending, by any other person to the rights of the Company and its subsidiaries with respect to any Intellectual Property Rights or Intellectual Property Assets owned or used by the Company or its subsidiaries, except for any such claim, challenge or other proceeding that would not, individually or in the aggregate, reasonably be expected to have a Material Adverse Effect. To the Company’s knowledge, the Company and its subsidiaries’ respective businesses as now conducted do not give rise to any infringement of, any misappropriation of, or other violation of, any valid and enforceable Intellectual Property Rights of its Subsidiaries to any other person. All licenses for the use of the Intellectual Property Rights owned (each an “Intellectual Property License”) necessary to conduct business as currently conducted by the Company and described in the General Disclosure Package and the Prospectus are valid, binding upon, and enforceable by or licensed to against the parties thereto in accordance with their respective terms. The Company has complied in all material respects with, and is not in breach nor has received any asserted or threatened claim of breach of, any Intellectual Property License, and the Company has no knowledge of any breach or anticipated breach by any other person to any Intellectual Property License. Except as described in the General Disclosure Package, no claim has been made against the Company alleging the infringement by the Company of any patent, trademark, service xxxx, trade name, copyright, trade secret, license in or other intellectual property right or franchise right of any person. The Company has taken all reasonable steps designed to protect, maintain and safeguard its SubsidiariesIntellectual Property Rights and Intellectual Property Assets, including the execution of appropriate nondisclosure and (vii) confidentiality agreements. Except as would not, individually or in the aggregate, reasonably be expected to have a Material Adverse Effect, the consummation of the transactions contemplated by this Agreement will not result in the loss or impairment of or payment of any additional amounts with respect to, nor require the consent of any other person in respect of, the Company’s right to own, use, or hold for use any of the Intellectual Property Rights owned by andas owned, to used or held for use in the knowledge conduct of the Company, licensed, to the Company and its Subsidiaries, has not been adjudged invalid or unenforceable in whole or in part and there is no pending or, to the knowledge of the Company, threatened in writing proceeding by others challenging the validity or scope of any such Intellectual Property Rights, and the Company is unaware of any facts which are reasonably likely to form a basis for any such claimbusiness as currently conducted.

Intellectual Property. Except as described in the Registration Statement, Prospectus or Disclosure Package or as would not reasonably be expected toexpected, individually or in the aggregate, result in to have a Material Adverse Effect, (i) the Company and its Subsidiaries subsidiaries own or possess, or can promptly acquire on reasonable terms, ownership, licenses or other legal have adequate rights to use any and all patents, trademarks, service marks, tradenamestrade names, domain names, other source indicators, copyrights, copyrightable works, software, know-how, trade secrets or secrets, systems, procedures, proprietary information, confidential information and any and all other worldwide intellectual property, industrial property and proprietary rights rights, including any and all registrations and applications for registration thereof and any and all goodwill associated therewith (collectively, “Intellectual Property RightsProperty”) ), in each case, used in or otherwise necessary for the conduct of their respective businesses as now conductedcurrently conducted and as proposed to be conducted by them as described in the Registration Statement, the Pricing Disclosure Package and the Prospectus (the “Company Intellectual Property”); (ii) to the Company believes it knowledge of the Company, the Company’s and its Subsidiaries have taken all commercially reasonable steps necessary to establish and preserve their respective ownership subsidiaries’ conduct of all Intellectual Property Rights owned by the Company or any of its Subsidiaries that is necessary for their respective businesses as now conductedcurrently conducted and as proposed to be conducted by them as described in the Registration Statement, the Pricing Disclosure Package and the Prospectus does not infringe, misappropriate or otherwise violate, and has not infringed, misappropriated or otherwise violated, any Intellectual Property of any person; (iii) to the knowledge of the Company, there is no infringement, misappropriation or other violation of the all Company Intellectual Property Rights is valid and enforceable; (iv) all Company Intellectual Property owned or purported to be owned by the Company or any of its Subsidiaries subsidiaries is owned solely and exclusively by any the Company or one of its subsidiaries or is owned jointly by the Company or one of its subsidiaries, on the one hand, and a third party, on the other hand, in each case free and clear of all liens, encumbrances, defects or other restrictions, except for those described in the Registration Statement, the Pricing Disclosure Package and the Prospectus; (ivv) neither the Company nor any of its subsidiaries have received any written notice of any claim relating to Intellectual Property; (vi) except as described in the Registration Statement, the Pricing Disclosure Package and the Prospectus, to the knowledge of the Company, the present businessCompany Intellectual Property is not being and has not been infringed, activities and products of the Company and its Subsidiaries do not infringe, misappropriate misappropriated or otherwise violate violated by any Intellectual Property Rights of any other person or entity, person; (vvii) there is no proceeding pending orpending, or to the knowledge Company’s knowledge, threatened, action, suit, proceeding or claim by any third party (A) challenging the ownership, validity, enforceability or scope of any Company Intellectual Property, other than, in the Companycase of this subsection (A), threatened with respect to or in writingconnection with the matters involving POSCO Energy Co., charging Ltd. as described in the Registration Statement, the Pricing Disclosure Package and the Prospectus, or (B) alleging that the Company or any of its Subsidiaries with infringementsubsidiaries has infringed, misappropriation misappropriated or other violation of otherwise violated any Intellectual Property Rights adversely held of any third party, and, in each case, the Company is not aware of any facts that would form the basis for any such action, suit, proceeding or claim; (vii) the Company and its subsidiaries have taken commercially reasonably steps to (A) secure interests in any Company Intellectual Property developed by a third party which has been filedtheir employees, (vi) no proceedings have been instituted or are pending orconsultants, agents and contractors in the course of their service to the knowledge of the Company, threatened in writing, which challenge the rights of the Company or any of its Subsidiaries to use subsidiaries, including the Intellectual Property Rights owned execution of valid assignment agreements for the benefit of the Company and/or its subsidiaries by or licensed such employees, consultants, agents and contractors under which they have assigned to the Company or one of its Subsidiariessubsidiaries all of their right, title and interest in and to any Company Intellectual Property, (B) maintain the confidentiality of all Company Intellectual Property the value of which to the Company or any of its subsidiaries is contingent upon maintaining the confidentiality thereof, including any trade secrets and confidential information owned, used or held for use by the Company or any of its subsidiaries and (viiC) the ensure that no Company Intellectual Property Rights has been obtained or is being used by the Company or any of its subsidiaries in violation of any contractual obligation binding on the Company or any of its subsidiaries, or otherwise in violation of the rights of any persons; (viii) there are no outstanding options, licenses or binding agreements of any kind relating to the Company Intellectual Property owned or purported to be owned by andthe Company or any of its subsidiaries that are required to be described in the Registration Statement, to the knowledge of Pricing Disclosure Package and the Company, licensed, to Prospectus and are not so described; and (ix) the Company and its Subsidiariessubsidiaries are not a party to or bound by any options, has not been adjudged invalid licenses or unenforceable in whole or in part and there is no pending or, binding agreements with respect to the knowledge of the Company, threatened in writing proceeding by others challenging the validity or scope any Intellectual Property of any such Intellectual Property Rightsother person or entity that are required to be set forth in the Registration Statement, the Pricing Disclosure Package and the Company is unaware of any facts which Prospectus and are reasonably likely to form a basis for any such claimnot so described.

Intellectual Property. Except as described in the Registration StatementThe Company owns, Prospectus or Disclosure Package or as would not reasonably be expected to, individually or in the aggregate, result in a Material Adverse Effect, (i) the Company and its Subsidiaries own or possess, possesses or can promptly acquire on reasonable terms, ownership, licenses or other legal rights to use all patents, such trademarks, service markstrade names, tradenamespatent rights, copyrights, domain names, licenses, trade secrets or secrets, inventions, technology, know-how and other proprietary rights intellectual property and similar rights, including registrations and applications for registration thereof (collectively, “Intellectual Property Rights”) necessary for their respective businesses as now conducted, (ii) the Company believes it and its Subsidiaries have taken all commercially reasonable steps are necessary to establish and preserve their respective ownership the conduct of all the business now conducted by it as described in the General Disclosure Package, except where such failure to own, possess or acquire such Intellectual Property Rights owned by would not, individually or in the Company or any of its Subsidiaries that is necessary for their respective businesses aggregate, reasonably be expected to have a Material Adverse Effect. Except as now conducteddisclosed in the General Disclosure Package, (iiii) there are no rights of third parties to the knowledge of the Company, there is no infringement, misappropriation or other violation any of the Intellectual Property Rights owned or licensed by the Company, except for, and to the extent of, the ownership rights of the owners of the Intellectual Property Rights licensed to the Company as disclosed in the General Disclosure Package; (ii) to the Company’s knowledge, to the extent that a patent or patent application was acquired by the Company or any of its Subsidiaries pursuant to an assignment, such assignment is valid, binding and enforceable; (iii) to the Company’s knowledge, the patents and patent applications owned by any third partythe Company have been duly prosecuted and maintained and, as to patent applications, are subsisting and as to issued patents, are in full force and in effect; (iv) no security interests or other liens or encumbrances have been created with respect to the knowledge any of the patents and patent applications owned by the Company, the present business, activities and products of the Company and its Subsidiaries do not infringe, misappropriate or otherwise violate any Intellectual Property Rights of any other person or entity, ; (v) there is no proceeding pending orinfringement, to misappropriation, breach, default or other violation, or the knowledge occurrence of any event that with notice or the passage of time would constitute any of the Companyforegoing, threatened in writing, charging (A) by the Company or any of its Subsidiaries with infringement, misappropriation or other violation of any the Intellectual Property Rights adversely held of third parties or (B) by a third party which has been filed, (vi) no proceedings have been instituted or are pending or, to the knowledge parties of the Company, threatened in writing, which challenge the rights of the Company or any of its Subsidiaries to use the Intellectual Property Rights owned by or licensed to the Company or its Subsidiaries, and (vii) the Intellectual Property Rights owned by andor, to the knowledge of Company’s knowledge, licensed by the Company, licensed, to the Company and its Subsidiaries, has not been adjudged invalid or unenforceable in whole or in part and ; (vi) there is no pending or, to the knowledge of the Company’s knowledge, threatened in writing action, suit, proceeding or claim by others challenging the validity Company’s rights in or to, or the violation of any of the terms of, any Intellectual Property Rights owned or, to the Company’s knowledge, licensed by the Company, and the Company is unaware of any facts which would form a reasonable basis for any such claim; (vii) there is no pending or, to the Company’s knowledge, threatened action, suit, proceeding or claim by others challenging the validity, enforceability or scope of any such Intellectual Property Rights, and the Company is unaware of any facts which are reasonably likely to would form a reasonable basis for any such claim; (viii) there is no pending or, to the Company’s knowledge, threatened action, suit, proceeding or claim by others that the Company infringes, misappropriates or otherwise violates or conflicts with any Intellectual Property Rights or other proprietary rights of third parties and the Company is unaware of any other fact which would form a reasonable basis for any such claim; (ix) none of the Intellectual Property Rights used by the Company has been obtained or is being used by it in violation of any contractual obligations binding on the Company in violation of any contractual rights of any persons, except in each case covered by clauses (i) – (ix) such as would not, if determined adversely to the Company, individually or in the aggregate, reasonably be expected to have a Material Adverse Effect. All licenses to which the Company is a party relating to the Intellectual Property Rights are in full force and effect and the Company is not in violation of any term of such license, except as would not, individually or in the aggregate, reasonably be expected to have a Material Adverse Effect. There are no material outstanding options, licenses or agreements of any kind relating to the Intellectual Property Rights owned or licensed by the Company that are required to be described in the General Disclosure Package and are not described therein in all material respects.

Intellectual Property. Except as described in the Registration Statementas, Prospectus or Disclosure Package or as would not reasonably be expected to, individually or in the aggregate, result in would not --------------------- reason ably be expected to have a Material Adverse EffectEffect on the Company and except as disclosed in the Company Reports filed prior to the date of the Agreement: (a) the Company and each of its Subsidiaries owns, controls or is licensed to use (iin each case, free and clear of any Liens), all Intellectual Property (as defined below) used in or necessary for the conduct of its business as currently conducted; (b) the Company and its Subsidiaries own are not infringing or possess, or can promptly acquire on reasonable terms, ownership, licenses or other legal rights to use all patents, trademarks, service marks, tradenames, copyrights, trade secrets or other proprietary rights (collectively, “otherwise violating the Intellectual Property Rights”) necessary for their respective businesses as now conducted, (ii) the Company believes it of any Person and its Subsidiaries have taken all commercially reasonable steps necessary are acting in accordance with any applicable license pursuant to establish and preserve their respective ownership of all Intellectual Property Rights owned by which the Company or any of its Subsidiaries that is necessary for their respective businesses as now conducted, (iii) Subsidiary acquired the right to the knowledge of the Company, there is no infringement, misappropriation or other violation of the Intellectual Property Rights owned by the Company or any of its Subsidiaries by any third party, (iv) to the knowledge of the Company, the present business, activities and products of the Company and its Subsidiaries do not infringe, misappropriate or otherwise violate use any Intellectual Property Rights of any other person Property; (c) no Person is challenging or entity, (v) there is no proceeding pending or, to claiming the knowledge of the Company, threatened in writing, charging the Company invalidity or any of its Subsidiaries with infringement, misappropriation or other violation unenforceability of any Intellectual Property Rights adversely held owned or con trolled by a third party which has been filed, (vi) no proceedings have been instituted or are pending or, to the knowledge of the Company, threatened in writing, which challenge the rights of the Company or any of its Subsidiaries to use the Intellectual Property Rights owned by or and/or licensed to the Company or its SubsidiariesSubsidiaries used in or necessary for the conduct of its business as currently conducted; and (d) neither the Company nor any of its Subsidiaries has received any written notice or otherwise has knowledge of any pending or threatened claim, order or proceeding with respect to any Intellectual Property owned, controlled, licensed or used by the Company or its Subsidiaries and no Intellectual Property owned, controlled and/or licensed by the Company or its Subsidiaries is being used or enforced in a manner that would reasonably be expected to result in the abandonment, cancellation or unenforceability of such Intellectual Property. For purposes of this Agree ment, "Intellectual Property" --------------------- shall mean trademarks, service marks, brand names, certifi- cation marks, trade dress and other indications of origin, the goodwill associated with the foregoing and registrations in any jurisdiction of, and applications in any jurisdiction to register, the foregoing, including any extension, modification or renewal of any such registration or application; inventions, discoveries and ideas, whether patentable or not, in any jurisdiction; patents, applications for patents (vii) the Intellectual Property Rights owned by andincluding, to the knowledge of the Companywithout limitation, licensedutility models and all divisions, to the Company and its Subsidiariescontinuations, has not been adjudged invalid or unenforceable in whole or continuations in part and there is no pending or, to the knowledge of the Company, threatened in writing proceeding by others challenging the validity or scope of any such Intellectual Property Rightsrenewal applications), and any renewals, extensions or reissues thereof, in any jurisdiction; nonpublic informa tion, trade secrets and confidential or proprietary information and rights in any jurisdiction to limit the Company is unaware use or disclosure thereof by any person; writings and other works, whether copyrightable or not, in any jurisdiction; and registrations or applications for registration of copyrights in any facts which are reasonably likely to form a basis for jurisdiction, and any such claimrenewals or extensions thereof; any similar intellectual property or proprietary rights.

Intellectual Property. Except To the Company’s knowledge, the Company and its Subsidiaries own, or have obtained valid and enforceable licenses for, all patents, trademarks, trademark registrations, service marks, service xxxx registrations, trade names, copyrights, licenses, inventions, software, databases, know-how, Internet domain names, trade secrets and other unpatented and/or unpatentable proprietary or confidential information, systems or procedures, and other material intellectual property described in the Registration Statement and the Prospectus as being owned or licensed by them or which are necessary for the conduct of their respective businesses as currently conducted (collectively, “Intellectual Property”), and, except as described in the Registration StatementStatement and the Prospectus, the Company is not aware of any claim to the contrary or any challenge by any other person to the rights of the Company and its Subsidiaries with respect to the foregoing. To the Company’s knowledge, the Intellectual Property agreements described in the Registration Statement and the Prospectus are valid, binding upon, and enforceable by or Disclosure Package against the parties thereto in accordance with their terms. The Company and each of its Subsidiaries has complied in all material respects with, and is not in breach nor has received any asserted or as threatened claim of breach of, any Intellectual Property agreement, except for any such breach that would not reasonably be expected tonot, individually singularly or in the aggregate, result in have a Material Adverse Effect, (i) and the Company has no knowledge of any breach or anticipated breach by any other person of any Intellectual Property agreement, except for any such breach that would not, singularly or in the aggregate, have a Material Adverse Effect. To the Company’s knowledge, the Company’s and each of its Subsidiaries own Subsidiary’s businesses as now conducted does not infringe or possess, or can promptly acquire on reasonable terms, ownership, licenses or other legal rights to use all conflict with any patents, trademarks, service marks, tradenamestrade names, copyrights, trade secrets secrets, licenses or other proprietary rights (collectivelyintellectual property or franchise right of any person, “Intellectual Property Rights”) necessary except for their respective businesses as now conductedany such infringement or conflict that would not, (ii) singularly or in the aggregate, have a Material Adverse Effect. The Company believes it and its Subsidiaries have taken all commercially reasonable steps necessary to establish and preserve their respective ownership of all Intellectual Property Rights owned has received no written claim alleging the infringement by the Company or any of its Subsidiaries that is necessary for their respective businesses as now conductedof any patent, (iii) trademark, service xxxx, trade name, copyright, trade secret, license in or other intellectual property right or franchise right of any person. The Company and each of its Subsidiaries has taken reasonable steps to protect, maintain and safeguard its rights in all Intellectual Property, including the knowledge execution of appropriate nondisclosure and confidentiality agreements. The consummation of the transactions contemplated by this Agreement will not result in the loss or impairment of or payment of any additional amounts with respect to, nor require the consent of any other person in respect of, the Company’s or any of its Subsidiaries’ right to own, there is no infringementuse, misappropriation or other violation hold for use any of the Intellectual Property Rights as owned, used or held for use in the conduct of its business. The granted and issued Intellectual Property owned by the Company or any of its Subsidiaries by any third party, (iv) to the knowledge of the Company, the present business, activities and products of the Company and its Subsidiaries do not infringe, misappropriate or otherwise violate any Intellectual Property Rights of any other person or entity, (v) there is no proceeding pending or, to the knowledge of the Company, threatened in writing, charging the Company or any of its Subsidiaries with infringement, misappropriation or other violation of any Intellectual Property Rights adversely held by a third party which has been filed, (vi) no proceedings have been instituted or are pending or, to the knowledge of the Company, threatened in writing, which challenge the rights of the Company or any of its Subsidiaries to use the Intellectual Property Rights owned by or licensed to the Company or its Subsidiaries, and (vii) the Intellectual Property Rights owned by and, to the knowledge of the Company, licensed, to the Company and its Subsidiaries, has have not been adjudged by a court of competent jurisdiction invalid or unenforceable unenforceable, in whole or in part part, and except as otherwise disclosed in the Registration Statement and the Prospectus, there is no pending or, to the knowledge of the Company’s knowledge, threatened in writing action, suit, proceeding or claim by others challenging the validity or scope of any such Intellectual Property RightsProperty. The Company and each Subsidiary is in material compliance with all applicable laws relating to privacy, data protection, and the collection and use of personal information collected, used, or held for use by the Company or any Subsidiary in the conduct of the Company’s or any Subsidiary’s business. No claims have been asserted or, to the Company’s knowledge, threatened against the Company or any Subsidiary alleging a material violation of any person’s privacy or personal information or data rights and the consummation of the transactions contemplated hereby will not breach or otherwise cause any material violation of any law related to privacy, data protection, or the collection and use of personal information collected, used, or held for use by the Company or any of its Subsidiaries in the conduct of the Company’s or any of its Subsidiaries’ businesses. The Company and each of Subsidiaries take reasonable measures to ensure that such information is protected against unauthorized access, use, modification, or other misuse. The Company is unaware not a party to or bound by any options, licenses or agreements with respect to the Intellectual Property of any facts which other person or entity that are reasonably likely required to form a basis for any such claimbe set forth in the Registration Statement and the Prospectus and are not described therein or attached thereto as an exhibit.

Intellectual Property. Section 6.9 of the Partnership Disclosure Letter lists all (i) trademark and service xxxx registrations and applications and web domain urls that are included in the Purchased Assets and (ii) trademark, service xxxx and trade name license agreements which are included in the Purchased Assets (the “Shreveport Intellectual Property”). Except as described disclosed in Section 6.9 of the Registration StatementPartnership Disclosure Letter, Prospectus the Partnership owns or Disclosure Package possesses adequate and enforceable rights to use the Shreveport Intellectual Property as currently used without material restrictions or as would not reasonably be expected tomaterial conditions on use, and, to the knowledge of the Partnership, there is no conflict with the rights of the Partnership therein or any conflict by it with the rights of others therein which, individually or in the aggregate, result in would be reasonably likely to have a Partnership Material Adverse Effect. To the Partnership’s knowledge, no party to any Contract related to the Shreveport Intellectual Property is (or upon Closing will be) in breach or default, and to the Partnership’s knowledge, no event has occurred (or, upon Closing will occur) which with notice or lapse of time would constitute a breach or default or permit termination, modification or acceleration thereunder. The Partnership (i) the Company and its Subsidiaries own or possesshas no knowledge that any Shreveport Intellectual Property is involved in any interference, reexamination, cancellation, or can promptly acquire on reasonable termsopposition proceeding, ownershipor any currently pending or threatened suit, licenses action, or other legal rights proceeding arising out of a right or claimed right of any Person with respect to use all patents, trademarks, service marks, tradenames, copyrights, trade secrets or other proprietary rights (collectively, “any Intellectual Property Rights”) necessary for their respective businesses as now conductedright, (ii) has received no written communication that the Company believes it and its Subsidiaries have taken all commercially reasonable steps necessary Partnership is using or disclosing in an unauthorized manner, infringing, or misappropriating in the conduct of the business of the Hotel/Casino as presently conducted the right or claimed right of any Person with respect to establish and preserve their respective ownership of all any Intellectual Property Rights owned by the Company or any of its Subsidiaries that is necessary for their respective businesses as now conductedright, (iii) to the has no knowledge that any of the Company, there is no infringement, misappropriation or other violation of the Shreveport Intellectual Property Rights owned by the Company is being used or any of its Subsidiaries disclosed in an unauthorized manner, infringed, or misappropriated by any third partyPerson, or (iv) has not entered into any agreement to the knowledge indemnify any Person against any charge of the Companyunauthorized use or disclosure, the present businessinfringement, activities and products of the Company and its Subsidiaries do not infringe, misappropriate or otherwise violate any Intellectual Property Rights misappropriation of any other person or entity, (v) there is no proceeding pending or, to the knowledge of the Company, threatened in writing, charging the Company or any of its Subsidiaries with infringement, misappropriation or other violation of any Shreveport Intellectual Property Rights adversely held by a third party which has been filed, (vi) no proceedings have been instituted or are pending or, to the knowledge of the Company, threatened in writing, which challenge the rights of the Company or any of its Subsidiaries to use the Intellectual Property Rights owned by or licensed to the Company or its Subsidiaries, and (vii) the Intellectual Property Rights owned by and, to the knowledge of the Company, licensed, to the Company and its Subsidiaries, has not been adjudged invalid or unenforceable in whole or in part and there is no pending or, to the knowledge of the Company, threatened in writing proceeding by others challenging the validity or scope of any such Intellectual Property Rights, and the Company is unaware of any facts which are reasonably likely to form a basis for any such claimProperty.

Intellectual Property. Except as described in the Registration Statementwould not, Prospectus or Disclosure Package or as would not reasonably be expected to, individually singly or in the aggregate, result in have a Material Adverse EffectEffect on the Company and its subsidiaries taken as a whole, (i) the Company and its Subsidiaries subsidiaries own or possess, or can promptly acquire on reasonable terms, ownership, licenses or other legal rights have a valid license to use all patents, inventions, copyrights, know how (including trade secrets and other unpatented and/or unpatentable proprietary or confidential information, systems or procedures), trademarks, service marks, tradenames, copyrights, marks and trade secrets or names and all other worldwide intellectual property and proprietary rights (including all registrations and applications for registration of, and all goodwill associated with, any of the foregoing) (collectively, “Intellectual Property Rights”) used or held for use in any material respect, or reasonably necessary for to the conduct of their respective businesses as now conductedconducted by them, and as proposed to be conducted in the Pre-Effective Registration Statement, the Registration Statement, the Preliminary Prospectus or the Prospectus; (ii) the Company believes it and its Subsidiaries have taken all commercially reasonable steps necessary to establish and preserve their respective ownership of all Intellectual Property Rights owned by the Company or any of its Subsidiaries that is necessary for their respective businesses as now conducted, (iii) to the knowledge of the Company, there is no infringement, misappropriation or other violation of the Intellectual Property Rights owned by the Company and its subsidiaries and, to the Company’s knowledge, the Intellectual Property Rights licensed to the Company and its subsidiaries, are valid, subsisting and enforceable, and there is no pending or, to the Company’s knowledge, threatened action, suit, proceeding or claim by others challenging the validity, scope or enforceability of, or any rights of the Company or any of its Subsidiaries by subsidiaries in, any third partysuch Intellectual Property Rights; (iii) neither the Company nor any of its subsidiaries has received any notice alleging any infringement, misappropriation or other violation of Intellectual Property Rights; (iv) to the knowledge Company’s knowledge, no Person is infringing, misappropriating or otherwise violating, or has infringed, misappropriated or otherwise violated, any Intellectual Property Rights owned or controlled by the Company or any of its subsidiaries; (v) neither the Company nor any of its subsidiaries infringes, misappropriates or otherwise violates, or has infringed, misappropriated or otherwise violated, any Intellectual Property Rights of any Person, and the conduct of each of the Company, the present business, activities and products respective businesses of the Company and its Subsidiaries do subsidiaries as described in Pre-Effective Registration Statement, the Registration Statement, the Preliminary Prospectus and the Prospectus will not infringe, misappropriate misappropriate, or otherwise violate any Intellectual Property Rights of any other person Person; (vi) all employees or entity, (v) there is no proceeding pending or, to contractors engaged in the knowledge of the Company, threatened in writing, charging the Company or any of its Subsidiaries with infringement, misappropriation or other violation development of any Intellectual Property Rights adversely held by a third party which has been filed, (vi) no proceedings have been instituted or are pending or, to the knowledge of the Company, threatened in writing, which challenge the rights on behalf of the Company or any of its Subsidiaries subsidiaries have executed an invention assignment agreement whereby such employees or contractors presently assign all of their right, title and interest in and to use such Intellectual Property Rights to the Company or its applicable subsidiary, and to the Company’s knowledge no such agreement has been breached or violated; and (vii) the Company and its subsidiaries use, and have used, commercially reasonable efforts in accordance with customary industry practice to appropriately maintain the confidentiality of all Intellectual Property Rights owned by or licensed them, including maintenance and protection of all information intended to the Company or its Subsidiaries, and (vii) the Intellectual Property Rights owned by and, to the knowledge of the Company, licensed, to the Company and its Subsidiaries, has not been adjudged invalid or unenforceable in whole or in part and there is no pending or, to the knowledge of the Company, threatened in writing proceeding by others challenging the validity or scope of any such Intellectual Property Rights, and the Company is unaware of any facts which are reasonably likely to form be maintained as a basis for any such claimtrade secret.

Intellectual Property. Except The Company and its Subsidiaries exclusively own (free and clear of all liens, encumbrances and defects) or possess a valid license or other lawful right to use all Intellectual Property Rights necessary, used or held for use to conduct its business as described in presently conducted and as presently proposed to be conducted. Each of the Registration Statement, Prospectus registrations or Disclosure Package applications for registration of Intellectual Property Rights (including issued patents and applications for patent) owned or as would not reasonably be expected to, individually or in the aggregate, result in a Material Adverse Effect, (i) licensed to the Company and its Subsidiaries own is listed on Schedule 3.1(p)(i), and each item of such Intellectual Property Rights is valid and enforceable. Each of the licenses (in-bound or possessout-bound) of Intellectual Property Rights or other contracts (including settlement agreements) with respect to the use, ownership or enforcement of Intellectual Property Rights to which any of the Company and its Subsidiaries is a party is listed on Schedule 3.1(p)(ii), each such contract is valid and enforceable, and none of the Company or its Subsidiaries and, to the knowledge of the Company and its Subsidiaries, none of the counterparties to any such contract, is in default or breach thereunder or thereof. Except as set forth in Schedule 3.1(p)(iii), none of the Intellectual Property Rights set forth (or required to be set forth) on Schedule 3.1(p)(i) has expired or terminated, has been abandoned or canceled, or can promptly acquire on reasonable termsadjudged invalid or unenforceable or are scheduled or expected to expire or terminate or are scheduled or expected to be abandoned or canceled, or adjudged invalid or unenforceable, within three (3) calendar months from the date of this Agreement. The conduct of the business of the Company and its Subsidiaries does not infringe, misappropriate or otherwise violate or conflict with the Intellectual Property Rights of others, and in the past six (6) years, no claim, action or proceeding (including in the U.S. Patent and Trademark Office, or any corresponding non-U.S. authority, or before any other governmental authority) has been made or brought alleging the foregoing. There is no claim, action or proceeding that has been made or brought in the past six (6) years by or against, being threatened by or, to the knowledge of the Company and its Subsidiaries, being threatened against, the Company and its Subsidiaries regarding Intellectual Property Rights, including any challenging the validity, enforceability, ownership, licenses enforcement, patentability or other legal rights to use all patents, trademarks, service marks, tradenames, copyrights, trade secrets or other proprietary rights (collectively, “registrability of any Intellectual Property Rights”) necessary for their respective businesses as now conducted, (ii) . To the knowledge of the Company believes it and its Subsidiaries, no third party is infringing, misappropriating or otherwise conflicting with its Intellectual Property Rights. None of the Company or its Subsidiaries are aware of any facts or circumstances which might give rise to any of the foregoing infringements, misappropriations or other conflicts, or claims, actions or proceedings. Each of the Company and its Subsidiaries has taken reasonable measures to protect the secrecy, confidentiality and value of all of its Intellectual Property Rights, as applicable, and, to its knowledge, no unauthorized disclosure of any information comprising any Intellectual Property Rights has occurred. All present and former employees, consultants and independent contractors of each of the Company and its Subsidiaries that have been involved in the development of any Intellectual Property Rights used in the business of the Company and its Subsidiaries have taken entered into written agreements under which such Persons (A) agree to protect the trade secrets, know-how and other confidential information of the Company and its Subsidiaries, as applicable, and (B) assign to one of the Company or its Subsidiaries, as applicable, all commercially reasonable steps necessary right, title and interest in and to establish and preserve their respective ownership of all Intellectual Property Rights owned created by such Person in the course of his, her or its employment or other engagement by the Company or any of its Subsidiaries that is necessary for their respective businesses Subsidiaries. Except as now conductedset forth on Schedule 3.1(p)(iv), (iii) to the knowledge of the Companyno United States federal or state agency or any other government or governmental agency, there is no infringementuniversity, misappropriation research institute or other violation of the Intellectual Property Rights owned similar organization has sponsored any research by the Company or any of its Subsidiaries by any third party, (iv) to the knowledge of the Company, the present business, activities and products of the Company and its Subsidiaries do not infringe, misappropriate or been involved with or otherwise violate sponsored any Intellectual Property Rights of any other person or entity, (v) there is no proceeding pending or, to the knowledge of the Company, threatened in writing, charging the Company or any of its Subsidiaries with infringement, misappropriation or other violation development of any Intellectual Property Rights adversely held by a third party which has been filed, (vi) no proceedings have been instituted owned or are pending or, purported to the knowledge of the Company, threatened in writing, which challenge the rights of the Company or any of its Subsidiaries to use the Intellectual Property Rights be owned by or exclusively licensed to the Company or its Subsidiaries. For purposes of this Agreement, “Intellectual Property Rights” means all intellectual property and proprietary rights, including all (i) trademarks, trade names, service marks, service names, domain names, and other designation of origin, together with all goodwill associated therewith, (ii) original works of authorship and copyrights, (iii) patents and patent applications, together with all divisionals, continuations, continuations-in-part, reissues and reexaminations thereof, including all rights to file applications for patent, (iv) trade secrets, know-how and other confidential information, (v) software, including data, databases and documentation therefor, and (viivi) the Intellectual Property Rights owned by andinventions, to the knowledge of the Companylicenses, licensed, to the Company approvals and its Subsidiaries, has not been adjudged invalid or unenforceable in whole or in part and there is no pending or, to the knowledge of the Company, threatened in writing proceeding by others challenging the validity or scope of any such Intellectual Property Rights, and the Company is unaware of any facts which are reasonably likely to form a basis for any such claimgovernmental authorizations.

Intellectual Property. Except as described in the Registration Statement, Prospectus or Disclosure Package or as would not reasonably be expected to, individually or in the aggregate, result in a Material Adverse Effect, (ia) Section 4.15(a) of the Company Disclosure Letter sets forth a true and its Subsidiaries own complete list, as of the date of this Agreement, of all issued or possess, or can promptly acquire on reasonable terms, ownership, licenses or other legal rights to use all patents, trademarks, service marks, tradenames, copyrights, trade secrets or other proprietary rights (collectively, “registered Intellectual Property Rights”) necessary or applications for their respective businesses as now conducted, (ii) the Company believes it and its Subsidiaries have taken all commercially reasonable steps necessary to establish and preserve their respective ownership issuance or registration of all any Intellectual Property Rights owned by the Company or any its Subsidiaries (indicating for each, as applicable, the owner(s), jurisdiction, application number and date and registration number and date) (the “Company Registered Intellectual Property”). The Company or one of its Subsidiaries that is necessary for their respective businesses as now conductedSubsidiaries: (i) is, (iii) to the knowledge of the Company, there is no infringement, misappropriation or other violation of the Intellectual Property Rights owned by the Company or any of its Subsidiaries by any third party, (iv) to the knowledge Knowledge of the Company, the present businesssole and exclusive owner of all right, activities title and products of interest in and to, or has the Company valid and its Subsidiaries do not infringeenforceable right to use, misappropriate or otherwise violate any all Intellectual Property Rights of any other person or entity, (v) there is no proceeding pending or, to the knowledge of the Company, threatened in writing, charging used by the Company or any of its Subsidiaries with infringementin, misappropriation or other violation of any Intellectual Property Rights adversely held by a third party which has been filednecessary for, (vi) no proceedings have been instituted or are pending or, to the knowledge conduct of the Company, threatened in writing, which challenge the rights business of the Company or any of its Subsidiaries as currently conducted and (ii) is the sole and exclusive owner of all right, title and interest in and to use the trademarks and service marks set forth on Section 4.15(a) of the Company Disclosure Letter (all of the foregoing Intellectual Property Rights owned by or licensed described in clause (i) and (ii), collectively the “Company Intellectual Property”), other than immaterial Intellectual Property. All of the Company Registered Intellectual Property material to the conduct of the business of the Company or and its SubsidiariesSubsidiaries as currently conducted is subsisting, and (vii) the Intellectual Property Rights owned by in full force and effect and, to the knowledge Knowledge of the Company, licensedvalid and enforceable. None of the Company Registered Intellectual Property has (x) expired, been canceled or been abandoned or (y) been held invalid or unenforceable by a court or other tribunal of competent jurisdiction, except in each case (of (x) and (y)) to the extent the same would not, individually or in the aggregate, reasonably be expected to have a Material Adverse Effect. With respect to Patents and non-provisional patent applications included in the Company Registered Intellectual Property, to the Knowledge of the Company there is no material prior art, prior use, prior sale or other novelty defeating acts that were not submitted to relevant Governmental Authorities that applicable law would require to be submitted. Except as would not, individually or in the aggregate, reasonably be expected to have a Material Adverse Effect, each of the Company and its SubsidiariesSubsidiaries is: (A) pursuing the prosecution in a commercially reasonable manner of all Patent applications it has filed; and (B) diligently preparing to file Patent application for all inventions in a manner and within a sufficient time period to avoid statutory disqualification of any potential Patent application. Except as would not, has not been adjudged invalid or unenforceable in whole individually or in part the aggregate, reasonably be expected to have a Material Adverse Effect, the transactions contemplated by this Agreement will not impair the right, title, or interest of the Company or any of its Subsidiaries in or to any Company Intellectual Property that is either owned by, or licensed to, the Company or any of its Subsidiaries. Upon the Merger Closing Date, all of the material Company Intellectual Property that is either owned by, or licensed to, the Company or any of its Subsidiaries will be owned or available for use by the Company and there is no pending or, its Subsidiaries on substantially similar terms and conditions as the Company and its Subsidiaries enjoyed immediately prior to the knowledge of the Company, threatened in writing proceeding by others challenging the validity or scope of any such Intellectual Property Rights, and the Company is unaware of any facts which are reasonably likely to form a basis for any such claimMerger Closing Date.

Intellectual Property. Except The Company owns all Intellectual Property described in the Registration Statement, the Time of Sale Disclosure Package and the Prospectus as being owned by it, holds a valid and effective exclusive license to all Intellectual Property described in the Registration Statement, the Time of Sale Disclosure Package and the Prospectus as being exclusively licensed to it, or possesses, or has obtained, or can obtain on commercially reasonable terms, valid and enforceable licenses for, or other rights to use, all Intellectual Property, used in, or necessary for, the conduct of the Company’s business as now conducted and, to the Company’s knowledge, as proposed to be conducted as described in the Registration Statement, Prospectus or the Time of Sale Disclosure Package or as would not reasonably be expected to, individually or in and the aggregate, result in a Material Adverse EffectProspectus. Furthermore, (i) the Company and its Subsidiaries own or possess, or can promptly acquire on reasonable terms, ownership, licenses or other legal rights to use all patents, trademarks, service marks, tradenames, copyrights, trade secrets or other proprietary rights (collectively, “Intellectual Property Rights”) necessary for their respective businesses as now conducted, (ii) the Company believes it and its Subsidiaries have taken all commercially reasonable steps necessary to establish and preserve their respective ownership of all Intellectual Property Rights owned by the Company or any of its Subsidiaries that is necessary for their respective businesses as now conducted, (iiiA) to the knowledge of the Company, there is no infringement, misappropriation misappropriation, dilution or violation by third parties of any such Intellectual Property or other violation of the Intellectual Property Rights owned by or exclusively licensed to the Company or any of its Subsidiaries by any third party, (ivall such Intellectual Property being collectively referred to as the “Company Intellectual Property”); (B) to except as described in the knowledge of the CompanyRegistration Statement, the present businessTime of Sale Disclosure Package and the Prospectus, activities and products of the Company and its Subsidiaries do not infringe, misappropriate or otherwise violate any Intellectual Property Rights of any other person or entity, (v) there is no proceeding pending or, to the knowledge of the Company, threatened threatened, action, suit, proceeding, investigation or claim by others challenging the Company’s rights in writing, charging or to any Company Intellectual Property or other Intellectual Property licensed to the Company or any of its Subsidiaries with infringement, misappropriation or other violation of any ; (C) the Intellectual Property Rights adversely held owned by a third party which has been filedthe Company, (vi) no proceedings have been instituted or are pending or, and to the knowledge of the Company, threatened in writing, which challenge the rights of the Company or any of its Subsidiaries to use the Intellectual Property Rights owned by or licensed to the Company or its Subsidiaries, and (vii) the Intellectual Property Rights owned by and, to the knowledge of the Company, licensed, to the Company and its Subsidiaries, has not been adjudged invalid or unenforceable unenforceable, in whole or in part part, and there is no pending or, to the knowledge of the Company, threatened in writing proceeding action, suit, proceeding, investigation or claim by others challenging the validity ownership, validity, enforceability or scope of any such Intellectual Property; (D) there is no pending or, to the knowledge of the Company, threatened action, suit, proceeding, investigation or claim by others that the Company (i) has infringed, misappropriated or otherwise violated, (ii) does infringe, misappropriate or otherwise violate any Intellectual Property Rightsor other proprietary rights of others or (iii) would, upon further development or commercialization of any product, product candidate or service described in the Registration Statement, the Time of Sale Disclosure Package and the Prospectus as under development or contemplated to be developed, infringe, misappropriate, or otherwise violate the Intellectual Property or other proprietary rights of others, and the Company is unaware has not received any written notice of any facts which are reasonably likely to form a basis for any such claim.; (E) to the Company’s knowledge, there is no patent or patent application that contains claims that cover or overlap (or may cover or overlap) the claims of any patent or patent application owned by the Company that is included in the Company Intellectual Property, or that interferes with the issued or pending claims of any such patent or patent application; (F) there is no specific prior art or specific public or commercial activity of which the Company is aware that reasonably could be expected to render any patent or patent application owned by the Company invalid or that would preclude the issuance of any patent on any patent application included in the Company Intellectual Property, and which has not been disclosed to the U.S. Patent and Trademark Office or the relevant foreign patent authority, as the case may be; (G) to the Company’s knowledge, the issued patents included in such Intellectual Property are valid and enforceable; (H) the manufacture, use and sale of the products or product candidates described in the Registration Statement, the Time of Sale Disclosure Package and the Prospectus as under development by the Company fall within the scope of one or more claims of the patents or patent applications included in the Company Intellectual Property to the extent such products or product candidates are specifically described in the Registration Statement, the Time of Sale Disclosure Package and the Prospectus as being covered by such claims; (I) the Company has taken reasonable steps necessary to secure the interests of the Company in all of the Intellectual Property purported to be owned by the Company from any employees, consultants, agents or contractors that developed (in whole or in part) such Intellectual Property; (J) there are no outstanding options, licenses or agreements of any kind relating to any Company Intellectual Property of any other person or entity that are required to be described in the Registration Statement, the Time of Sale Disclosure Package and the Prospectus that are not so described therein; and (K) except as described in the Registration Statement, the Time of Sale Disclosure Package and the Prospectus,

Intellectual Property. Except as described (a) One or more members of the Company Group exclusively owns all right, title and interest in the Registration Statement, Prospectus or Disclosure Package or as would not reasonably be expected and to, individually or in has obtained valid and enforceable licenses or other rights to use, free and clear of all Liens other than Permitted Liens, all Intellectual Property and Intellectual Property Rights used or held for use in, or necessary for, the aggregateconduct of its respective business as currently conducted (such Intellectual Property and Intellectual Property Rights, result in a Material Adverse Effectthe “Company Intellectual Property”). No member of the Company Group has received, since January 1, 2013, any written notice or claim (i) challenging or questioning the Company and its Subsidiaries own or possessvalidity, or can promptly acquire on reasonable termsuse, ownership, licenses patentability, registrability or other legal rights to use all patents, trademarks, service marks, tradenames, copyrights, trade secrets or other proprietary rights (collectively, “enforceability of any Company Intellectual Property Rights”) necessary for their respective businesses as now conductedProperty, (ii) indicating an intention on the part of any Person to bring a claim that any Company believes it and its Subsidiaries have taken all commercially reasonable steps necessary to establish and preserve their respective ownership of all Intellectual Property Rights owned by the Company is invalid, unpatentable, unregisterable, unenforceable or any of its Subsidiaries that is necessary for their respective businesses as now conductedhas been misused, or (iii) to the knowledge of the Company, there is no infringement, misappropriation or other violation of the Intellectual Property Rights owned by the Company or alleging that any of its Subsidiaries by any third party, (iv) to the knowledge of the Company, the present business, activities and products member of the Company and its Subsidiaries do not infringeGroup or the conduct of any of their businesses, misappropriate infringed, misappropriated, or otherwise violate violated any Intellectual Property Rights of any other person or entitythird party rights, (v) there is no proceeding pending ornor, to the knowledge of the Company, threatened is there any basis for any of the foregoing in writing, charging clauses (i) through (iii). Neither the Company or nor any of its Subsidiaries with infringementhas infringed, misappropriation misappropriated, or other violation otherwise violated since January 1, 2013, and the operation of their businesses as currently conducted does not infringe, misappropriate, or otherwise violate, any (x) patents of any third party, except as would not have a material adverse effect on the business of the Company Group, or (y) other Intellectual Property or Intellectual Property Rights adversely held by a of any third party which has been filed, (vi) no proceedings have been instituted or are pending or, to party. To the knowledge of the Company, threatened in writingthere are no third parties who have any rights to any Company Intellectual Property that is owned by, which challenge or has been exclusively licensed to, the rights of Company or each Subsidiary that would preclude the Company or any of Subsidiary from conducting its Subsidiaries to use business as currently conducted. The Company, the Company Intellectual Property Rights owned by is not subject to any outstanding consent, settlement, decree, order, injunction, judgment or licensed to ruling restricting the Company use, assignment or its Subsidiaries, and (vii) the Intellectual Property Rights owned by and, to the knowledge of the Company, licensed, to the Company and its Subsidiaries, has not been adjudged invalid or unenforceable in whole or in part and there is no pending or, to the knowledge of the Company, threatened in writing proceeding by others challenging the validity or scope of any such Intellectual Property Rights, and the Company is unaware of any facts which are reasonably likely to form a basis for any such claimownership thereof.

Intellectual Property. Except as described in the Registration Statement, Prospectus or Disclosure Package or as would not reasonably be expected tonot, individually or in the aggregate, result in have a Material Adverse Effect, : (i) the Company and its Subsidiaries subsidiaries own or possess, or can promptly acquire on reasonable terms, ownership, licenses or other legal rights have a valid and enforceable written license to use any and all patents, trademarks, service marks, tradenamestrade names, domain names, other source indicators, copyrights, copyrightable works, software, know-how, trade secrets or secrets, systems, procedures, proprietary information, confidential information and any and all other worldwide intellectual property, industrial property and proprietary rights rights, including any and all registrations and applications for registration thereof and any and all goodwill associated therewith (collectively, “Intellectual Property RightsProperty”) ), in each case used in or otherwise necessary for the conduct of their respective businesses as now conductedcurrently conducted and as proposed to be conducted by them as described in the Registration Statement, the Pricing Disclosure Package and the Prospectus (the “Company Intellectual Property”); (ii) the Company believes it and its Subsidiaries have taken all commercially reasonable steps necessary to establish and preserve their respective ownership of all Intellectual Property Rights owned by the Company or any of its Subsidiaries that is necessary for their respective businesses as now conducted, (iii) to the knowledge of the Company, there is no infringement, misappropriation or other violation of the Intellectual Property Rights owned by the Company or any of its Subsidiaries by any third party, (iv) to the knowledge of the Company, the present business, activities and products of the Company Company’s and its Subsidiaries do subsidiaries’ conduct of their respective businesses as currently conducted and as proposed to be conducted by them as described in the Registration Statement, the Pricing Disclosure Package and the Prospectus does not infringe, misappropriate or otherwise violate violate, and has not infringed, misappropriated or otherwise violated, any Intellectual Property Rights of any person; (iii) all Company Intellectual Property is valid and enforceable, and all Company Intellectual Property owned or purported to be owned by the Company or any of its subsidiaries is owned solely and exclusively by the Company or one of its subsidiaries, in each case, free and clear of all liens, encumbrances, defects or other person or entity, restrictions; (iv) neither the Company nor any of its subsidiaries have received any written notice of any claim relating to Intellectual Property; (v) there is no proceeding pending or, to the knowledge of the Company, threatened in writing, charging the Company or any of its Subsidiaries with infringement, misappropriation or other violation of any Intellectual Property Rights adversely held is not being and has not been infringed, misappropriated or otherwise violated by a third party which has been filed, any person; (vi) no proceedings have been instituted or are pending or, to the knowledge of the Company, threatened in writing, which challenge the rights of the Company or any of its Subsidiaries to use the Intellectual Property Rights owned by or licensed to the Company or its Subsidiaries, and (vii) the Intellectual Property Rights owned by and, to the knowledge of the Company, licensed, to the Company and its Subsidiaries, has not been adjudged invalid or unenforceable in whole or in part and there is no pending or, to the knowledge of the Company’s knowledge, threatened in writing threatened, action, suit, proceeding or claim by others any third party (A) challenging the validity ownership, validity, enforceability or scope of any such Company Intellectual Property Rightsor (B) alleging that the Company or any of its subsidiaries has infringed, and misappropriated or otherwise violated any Intellectual Property of any third party, and, in each case, the Company is unaware not aware of any facts which are reasonably likely to that would form a the basis for any such action, suit, proceeding or claim; and (vii) the Company and its subsidiaries have taken commercially reasonably steps consistent with prevalent industry practices to (A) secure interests in any Company Intellectual Property developed by their employees, consultants, agents and contractors in the course of their service to the Company or any of its subsidiaries, including the execution of valid assignment agreements for the benefit of the Company and/or its subsidiaries by such employees, consultants, agents and contractors under which they have assigned to the Company or one of its subsidiaries all of their right, title and interest in and to any Company Intellectual Property and (B) maintain the confidentiality of all Company Intellectual Property the value of which to the Company or any of its subsidiaries is contingent upon maintaining the confidentiality thereof, including any trade secrets and confidential information owned, used or held for use by the Company or any of its subsidiaries.

Intellectual Property. Except as described in the Registration Statement, Prospectus or Disclosure Package or as would not reasonably be expected to, individually or in the aggregate, result in a Material Adverse Effect, (i) Section 5.15 of the Company Disclosure Schedule sets forth a complete and its Subsidiaries own or possess, or can promptly acquire on reasonable terms, ownership, licenses or other legal rights to use correct list of all patents, trademarks, service marks, tradenames, copyrights, trade secrets or other proprietary rights (collectively, “registrations and applications for registration of any Intellectual Property Rights”(other than domain names) necessary for their respective businesses as now conducted, (ii) the Company believes it and its Subsidiaries have taken all commercially reasonable steps necessary to establish and preserve their respective ownership of all Intellectual Property Rights owned by the Company or any of its Subsidiaries. Except as would not reasonably be expected to have, individually or in the aggregate, a Company Material Adverse Effect: (i) the Company and each of its Subsidiaries that owns, or is licensed to use (in each case, free and clear of any Liens), all Intellectual Property used in or necessary for their respective businesses the conduct of its business as now currently conducted; (ii) to the knowledge of the Company, neither Company nor any of its Subsidiaries has infringed, misappropriated or otherwise violated the Intellectual Property rights of any Person; (iii) to the knowledge of the Company, there is no infringementPerson has challenged, misappropriation infringed, misappropriated or other violation of the otherwise violated any Intellectual Property Rights right owned by and/or licensed to the Company or any of its Subsidiaries; (iv) neither the Company nor any of its Subsidiaries has received any written notice or otherwise has knowledge of any pending or threatened claim, action, suit, order or proceeding with respect to any Intellectual Property used by the Company or any of its Subsidiaries or alleging that the any services provided, processes used or products manufactured, used, imported, offered for sale or sold by the Company or any third partyof its Subsidiaries infringes, misappropriates or otherwise violates any Intellectual Property rights of any Person; (ivv) to the knowledge of the Company, the present business, activities and products consummation of the Company and its Subsidiaries do transactions contemplated by this Agreement will not infringealter, misappropriate encumber, impair or otherwise violate extinguish any Intellectual Property Rights of any other person or entity, (v) there is no proceeding pending or, to the knowledge of the Company, threatened in writing, charging the Company or any of its Subsidiaries with infringement, misappropriation or other violation of any Intellectual Property Rights adversely held by a third party which has been filed, (vi) no proceedings have been instituted or are pending or, to the knowledge of the Company, threatened in writing, which challenge the rights right of the Company or any of its Subsidiaries or impair the right of Parent to use develop, use, sell, license or dispose of, or to bring any action for the infringement of, any Intellectual Property Rights owned by or licensed to right of the Company or any of its Subsidiaries; (vi) the Company and its Subsidiaries have taken reasonable steps in accordance with normal industry practice to maintain the confidentiality of all material Trade Secrets owned, used or held for use by the Company or any of its Subsidiaries and no such Trade Secrets have been disclosed other than to supplier or other actual or prospective business partners, consultants, employees, representatives and agents of the Company or any of its Subsidiaries all of whom are bound by written confidentiality agreements or provisions; (vii) the Intellectual Property Rights owned by IT Assets operate and perform in a manner that permits the Company and its Subsidiaries to conduct their respective businesses as currently conducted and, to the knowledge of the Company, licensed, no Person has gained unauthorized access to the IT Assets or the data stored therein; and (viii) the Company and its Subsidiaries, has not been adjudged invalid or unenforceable in whole or in part Subsidiaries have implemented reasonable backup and there is no pending or, to the knowledge of the Company, threatened in writing proceeding by others challenging the validity or scope of any such Intellectual Property Rights, and the Company is unaware of any facts which are reasonably likely to form a basis disaster recovery technology for any such claimits IT Assets consistent with industry practices.

Intellectual Property. Except as described in the Registration Statement, Prospectus The Company solely and exclusively owns or Disclosure Package has a valid and enforceable license or as would not reasonably be expected to, individually or in the aggregate, result in a Material Adverse Effect, (i) the Company and its Subsidiaries own or possess, or can promptly acquire on reasonable terms, ownership, licenses or other legal rights right to use all patents, inventions, copyrights, know how (including trade secrets and other unpatented and/or unpatentable proprietary or confidential information, systems or procedures), trademarks, service marks, tradenames, copyrights, trade secrets or names and all other intellectual property and similar proprietary rights (including all registrations and applications for registration of, and all goodwill associated with, any of the foregoing, as applicable) (collectively, “Intellectual Property Rights”) used in or reasonably necessary for their respective businesses as now conducted, to conduct its business; (ii) the Company believes it and its Subsidiaries have taken all commercially reasonable steps necessary to establish and preserve their respective ownership of all Intellectual Property Rights owned by the Company or any of its Subsidiaries that is necessary for their respective businesses as now conducted, (iii) to the knowledge of the Company, there is no infringement, misappropriation or other violation of the Intellectual Property Rights owned by the Company or any of its Subsidiaries by any third partyand, (iv) to the knowledge of Company’s knowledge, the Intellectual Property Rights licensed to the Company, the present businessare valid, activities subsisting and products of the Company enforceable, and its Subsidiaries do not infringe, misappropriate or otherwise violate any Intellectual Property Rights of any other person or entity, (v) there is no proceeding material pending or, to the knowledge of the Company’s knowledge, threatened in writingaction, charging suit, proceeding or claim by others challenging the validity, scope or enforceability of any such Intellectual Property Rights; (iii) the Company or has not received any of its Subsidiaries with written notice alleging any material infringement, misappropriation or other violation of Intellectual Property Rights; (iv) to the Company’s knowledge, no third party is infringing, misappropriating or otherwise violating, or has infringed, misappropriated or otherwise violated, any Intellectual Property Rights adversely held owned or licensed by a third party which the Company; (v) the Company does not infringe, misappropriate or otherwise violate, nor has been filedinfringed, misappropriated or otherwise violated, any Intellectual Property Rights; (vi) no proceedings all employees or contractors engaged in the development of Intellectual Property Rights on behalf of the Company have been instituted executed an invention assignment agreement whereby such employees or are pending orcontractors presently assign all of their right, title and interest in and to the knowledge of such Intellectual Property Rights to the Company, threatened in writing, which challenge the rights of the Company or any of its Subsidiaries to use the Intellectual Property Rights owned by or licensed and to the Company Company’s knowledge no such agreement has been breached or its Subsidiaries, violated; and (vii) the Intellectual Property Rights owned by and, to the knowledge of the Company, licensed, to the Company and its Subsidiaries, has not been adjudged invalid or unenforceable in whole or in part and there is no pending or, to the knowledge of the Company, threatened in writing proceeding by others challenging the validity or scope of any such Intellectual Property Rightsuses, and the Company is unaware of any facts which are reasonably likely has used, commercially reasonable efforts to form appropriately maintain all information intended to be maintained as a basis for any such claimtrade secret.

Intellectual Property. Except as described set forth in Section 3.15 of the Registration StatementSeller Disclosure Schedule, Prospectus the Seller or Disclosure Package Utility, Development or Xxxxxxxx (a) owns, leases or licenses all Intellectual Property Rights (as defined below) necessary to conduct the business of the Company, except when the failure to own, lease or license would not reasonably be expected to, individually or in the aggregate, result in have a Company Material Adverse EffectEffect and (b) has the right to transfer all such Intellectual Property Rights to PSC or Acquisition. Except as set forth in Section 3.15 of the Seller Disclosure Schedule, (i) there has been no claim made against the Seller (in respect of the Company), Utility, Development, Xxxxxxxx or any Company and Subsidiary asserting the invalidity, misuse or unenforceability of any of its Subsidiaries own or possess, or can promptly acquire on reasonable terms, ownership, licenses or other legal rights to use all patents, trademarks, service marks, tradenames, copyrights, trade secrets or other proprietary rights (collectively, “Intellectual Property Rights”) necessary for their respective businesses as now conducted, (ii) to the Company believes it and its Subsidiaries have taken all commercially reasonable steps necessary to establish and preserve their respective ownership knowledge of all the Seller, there is no infringement or misappropriation of any of the Company's Intellectual Property Rights owned by the Company or any of its Subsidiaries that is necessary for their respective businesses as now conductedRights, (iii) to the knowledge of the CompanySeller, there is no infringement, misappropriation or other violation of neither the Intellectual Property Rights owned by the Company or any of its Subsidiaries by any third party, Seller (iv) to the knowledge in respect of the Company), the present businessUtility, activities and products of the Development, Xxxxxxxx nor any Company and its Subsidiaries do not infringe, misappropriate Subsidiary has infringed or otherwise violate misappropriated any Intellectual Property Rights of any other person or entity, and (viv) there is no proceeding pending or, to the knowledge Seller (in respect of the Company), threatened in writingUtility, charging the Company Development, Xxxxxxxx or any of its Subsidiaries with infringement, misappropriation or other violation of any Intellectual Property Rights adversely held by a third party which has been filed, (vi) no proceedings have been instituted or are pending or, to the knowledge of the Company, threatened in writing, which challenge the rights of the Company or any of its Subsidiaries to use Subsidiary owns all the Intellectual Property Rights owned by or licensed to the Company or its Subsidiaries, free and (vii) the Intellectual Property Rights owned by and, to the knowledge of the Company, licensed, to the Company and its Subsidiaries, has not been adjudged invalid or unenforceable in whole or in part and there is no pending or, to the knowledge of the Company, threatened in writing proceeding by others challenging the validity or scope clear of any and all liens, claims or encumbrances, except in the case of clause (i), (ii), (iii) or (iv) for such claims, infringements, misappropriations, violations, failures to own, liens or encumbrances as are not reasonably likely to have a Company Material Adverse Effect. As used herein, "Intellectual Property Rights" means any trademark, servicemark, registration therefor or application for registration therefor, trade name, invention, patent, patent application, trade secret, know-how, copyright, copyright registration, application for copy registration, or any other similar type of proprietary rights, in each case owned, leased or licensed and used or held for use by the Company is unaware of any facts which are reasonably likely to form a basis for any such claimCompany.

Intellectual Property. Except The Borrower and the Subsidiaries own, or have obtained valid and enforceable licenses for, or other rights to use, the Intellectual Property necessary for the conduct of the business of the Borrower and the Subsidiaries as described in currently conducted, except where the Registration Statementfailure to own, Prospectus license or Disclosure Package or as would have such rights could not reasonably be expected to, individually or in the aggregate, to result in a Material Adverse Effect, (i) individually or in the Company and aggregate. Except as disclosed in the public filings of the Borrower or its Subsidiaries own Subsidiaries, to the Borrower’s Knowledge, there are no third parties who have or possess, or can promptly acquire on reasonable terms, ownership, licenses or other legal will be able to establish rights to use all patentsany Intellectual Property, trademarks, service marks, tradenames, copyrights, trade secrets or other proprietary except for the ownership rights (collectively, “Intellectual Property Rights”) necessary for their respective businesses as now conducted, (ii) the Company believes it and its Subsidiaries have taken all commercially reasonable steps necessary to establish and preserve their respective ownership of all Intellectual Property Rights owned by the Company or any of its Subsidiaries that is necessary for their respective businesses as now conducted, (iii) to the knowledge of the Company, there is no infringement, misappropriation or other violation owners of the Intellectual Property Rights owned by the Company or any of its Subsidiaries by any third party, (iv) to the knowledge of the Company, the present business, activities and products of the Company and its Subsidiaries do not infringe, misappropriate or otherwise violate any Intellectual Property Rights of any other person or entity, (v) there which is no proceeding pending or, to the knowledge of the Company, threatened in writing, charging the Company or any of its Subsidiaries with infringement, misappropriation or other violation of any Intellectual Property Rights adversely held by a third party which has been filed, (vi) no proceedings have been instituted or are pending or, to the knowledge of the Company, threatened in writing, which challenge the rights of the Company or any of its Subsidiaries to use the Intellectual Property Rights owned by or licensed to the Company or its Subsidiaries, and (vii) the Intellectual Property Rights owned by and, Borrower as disclosed to the knowledge of the Company, licensed, Lender prior to the Company and its Subsidiariesdate of this Agreement or where such rights could not reasonably be expected to result in a Material Adverse Effect, has not been adjudged invalid or unenforceable in whole individually or in part and the aggregate; (ii) there is no pending or, to the knowledge Borrower’s Knowledge, threat of the Companyany, threatened in writing action, suit, proceeding or claim by others challenging the validity Borrower or any Subsidiary’s rights in or to, or the validity, enforceability, or scope of, any Intellectual Property owned by or licensed to the Borrower or any Subsidiary or claiming that the use of any such Intellectual Property Rightsby the Borrower or any Subsidiary in their respective businesses as currently conducted infringes, and violates or otherwise conflicts with the Company is unaware intellectual property rights of any facts which are reasonably likely third party; and (iii) to form a basis for the Borrower’s Knowledge, the use by the Borrower or any such claimSubsidiary of any Intellectual Property by the Borrower or any Subsidiary in their respective businesses as currently conducted does not infringe, violate or otherwise conflict with the intellectual property rights of any third party.

Intellectual Property. Except The Company and the Subsidiary own or possess adequate enforceable rights to use all patents, patent applications, trademarks (both registered and unregistered), trade names, trademark registrations, service marks, service mxxx registrations, Internet domain name registrations, copyrights, copyright registrations, licenses and know-how (including trade secrets and other unpatented and/or unpatentable proprietary or confidential information, systems or procedures) (collectively, the “Intellectual Property”), necessary for the conduct of their respective businesses as described in conducted as of the Registration Statementdate hereof, Prospectus except to the extent that the failure to own or Disclosure Package or as possess adequate rights to use such Intellectual Property would not reasonably be expected tonot, individually or in the aggregate, reasonably be expected to have a Material Adverse Effect. Except as disclosed in writing to the Agent, the Company and the Subsidiaries have not received any written notice of any claim of infringement or conflict which asserted Intellectual Property rights of others, which infringement or conflict, if the subject of an unfavorable decision, would result in a Material Adverse Effect. There are no pending, (i) or to the Company’s knowledge, threatened judicial proceedings or interference proceedings challenging the Company’s or any Subsidiary’s rights in or to or the validity of the scope of any of the Company’s or its Subsidiaries’ patents, patent applications or proprietary information. No other entity or individual has any right or claim in any of the Company’s or any of its Subsidiary’s patents, patent applications or any patent to be issued therefrom by virtue of any contract, license or other agreement entered into between such entity or individual and the Company and its Subsidiaries own or possessany Subsidiary or by any non-contractual obligation, or can promptly acquire on reasonable terms, ownership, other than by written licenses or other legal rights to use all patents, trademarks, service marks, tradenames, copyrights, trade secrets or other proprietary rights (collectively, “Intellectual Property Rights”) necessary for their respective businesses as now conducted, (ii) the Company believes it and its Subsidiaries have taken all commercially reasonable steps necessary to establish and preserve their respective ownership of all Intellectual Property Rights owned granted by the Company or any of its Subsidiaries that is necessary for their respective businesses as now conducted, (iii) to the knowledge of the Company, there is no infringement, misappropriation or other violation of the Intellectual Property Rights owned by the Subsidiary. The Company or has not received any of its Subsidiaries by any third party, (iv) to the knowledge of the Company, the present business, activities and products of the Company and its Subsidiaries do not infringe, misappropriate or otherwise violate any Intellectual Property Rights written notice of any other person or entity, (v) there is no proceeding pending or, to the knowledge of the Company, threatened in writing, charging the Company or any of its Subsidiaries with infringement, misappropriation or other violation of any Intellectual Property Rights adversely held by a third party which has been filed, (vi) no proceedings have been instituted or are pending or, to the knowledge of the Company, threatened in writing, which challenge claim challenging the rights of the Company or any of its Subsidiaries in or to use the any Intellectual Property Rights owned owned, licensed or optioned by or licensed to the Company or its Subsidiariesany Subsidiary which claim, and (vii) if the Intellectual Property Rights owned by andsubject of an unfavorable decision, to the knowledge of the Company, licensed, to the Company and its Subsidiaries, has not been adjudged invalid or unenforceable would result in whole or in part and there is no pending or, to the knowledge of the Company, threatened in writing proceeding by others challenging the validity or scope of any such Intellectual Property Rights, and the Company is unaware of any facts which are reasonably likely to form a basis for any such claimMaterial Adverse Effect.

Intellectual Property. Except as described in the Registration Statement, Prospectus or Disclosure Package or for such matters as would not reasonably be expected tonot, individually or in the aggregate, result in have a Material Adverse Effect, Effect on Premiere: (i) the Company Premiere and its Subsidiaries own each Subsidiary owns or possesspossesses, or can promptly acquire on reasonable termshas all necessary rights and licenses in, ownership, licenses or other legal rights to use all patents, patent rights, licenses, inventions (whether or not patentable or reduced to practice), copyrights (whether registered or unregistered), know-how (including trade secrets and other unpatented and/or unpatentable proprietary or confidential information, systems or procedures), registered and unregistered trademarks, service marks, tradenames, copyrights, marks and trade secrets or names and other proprietary intellectual property rights (collectively, “"Intellectual Property Rights”Property") necessary for their respective businesses to conduct its business as now conducted, ; (ii) the Company believes it and its Subsidiaries have taken all commercially reasonable steps necessary to establish and preserve their respective ownership of all Intellectual Property Rights owned by the Company neither Premiere nor any Subsidiary has received any unresolved notice of, or any of its Subsidiaries that is necessary for their respective businesses as now conducted, (iii) to the knowledge of the Company, there is no infringement, misappropriation or other violation of the Intellectual Property Rights owned by the Company or any of its Subsidiaries by any third party, (iv) to the knowledge of the Company, the present business, activities and products of the Company and its Subsidiaries do not infringe, misappropriate or otherwise violate any Intellectual Property Rights aware of any other person fact or entitycircumstance that would give any Third Party a right to assert, (v) there is no proceeding pending orinfringement or misappropriation of, to the knowledge or conflict with, asserted rights of the Company, threatened in writing, charging the Company others or any of its Subsidiaries with infringement, misappropriation invalidity or other violation unenforceability of any Intellectual Property Rights adversely held owned by a third party which has been filed, Premiere or any Subsidiary; (viiii) no proceedings have been instituted or are pending or, the use of such Intellectual Property to conduct the knowledge business and operations of the Company, threatened in writing, which challenge Premiere and its Subsidiaries as conducted does not infringe on the rights of the Company any person; (iv) no person is challenging or infringing on or otherwise violating any right of Premiere or any Subsidiary with respect to any Intellectual Property owned by and/or licensed to Premiere or Subsidiary; (v) neither the execution of its Subsidiaries this Agreement nor the consummation of the transactions contemplated hereby will result in a loss or limitation in (x) the rights and licenses of Premiere or any Subsidiary to use or enjoy the benefit of any Intellectual Property Rights employed by them in connection with their business as conducted (y) the amount of any royalties or other benefits received by Premiere or any Subsidiary thereof from Intellectual Property owned by or licensed to the Company or its Subsidiaries, and (vii) the Intellectual Property Rights owned by and, to the knowledge of the Company, licensed, to the Company and its Subsidiaries, has not been adjudged invalid or unenforceable in whole or in part and there is no pending or, to the knowledge of the Company, threatened in writing proceeding by others challenging the validity or scope of any such Intellectual Property Rights, and the Company is unaware of any facts which are reasonably likely to form a basis for any such claimit.

Intellectual Property. Except as described (i) The Company and its subsidiaries own (free and clear of all liens, security interests or encumbrances, other than licenses or other grants of rights to use Intellectual Property), or have a license to, all patents, patent applications, patent rights, trademarks, service marks, trade names, trademark registrations, service xxxx registrations, domain names and other source indicators, copyrights and copyrightable works, know-how, trade secrets, systems, procedures, proprietary or confidential information and all other worldwide intellectual property, industrial property and proprietary rights (collectively, “Intellectual Property”) currently used in the Registration Statement, Prospectus conduct of their respective businesses (except where such failure to own or Disclosure Package or as possess such rights would not reasonably be expected toexpected, individually or in the aggregate, result in to have a Material Adverse Effect, (i) the Company and its Subsidiaries own all issued or possess, or can promptly acquire on reasonable terms, ownership, licenses or other legal rights to use all patents, trademarks, service marks, tradenames, copyrights, trade secrets or other proprietary rights (collectively, “registered Intellectual Property Rights”) necessary for their respective businesses as now conducted, (ii) the Company believes it and its Subsidiaries have taken all commercially reasonable steps necessary to establish and preserve their respective ownership of all Intellectual Property Rights that is owned by the Company or any of its Subsidiaries that subsidiaries is necessary for their respective businesses as now conductedsubsisting, (iii) and to the knowledge of the Company, there is no infringementvalid and enforceable (except where such failure to be subsisting, misappropriation valid or other violation enforceable would not reasonably be expected, individually or in the aggregate, to have a Material Adverse Effect); (ii) the Company’s and its subsidiaries’ conduct of the their respective businesses does not infringe, misappropriate or otherwise violate any Intellectual Property Rights owned by or contractual rights of any person, except as would not be reasonably expected, individually, or in the aggregate, to have a Material Adverse Effect; (iii) the Company and its subsidiaries have not received any written notice of any claim relating to Intellectual Property, which claim, if determined adversely to the Company or any of its Subsidiaries by any third partysubsidiaries, would reasonably be expected, individually or in the aggregate, to have a Material Adverse Effect; (iv) to the knowledge of the Company, no Intellectual Property that is owned by the present business, activities Company or its subsidiaries and products material to the conduct of the Company and Company’s or its Subsidiaries do not infringesubsidiaries’ respective businesses is being infringed, misappropriate misappropriated or otherwise violate violated by any Intellectual Property Rights of any other person or entity, person; (v) except as described in the Registration Statement, the Pricing Disclosure Package and the Prospectus, there is are no proceeding pending orActions pending, or to the knowledge of the Company, threatened in writing, charging against the Company or any of its Subsidiaries with infringement, misappropriation or other violation of any subsidiaries relating to Intellectual Property Rights that, if determined adversely held by to the Company or its subsidiaries, would reasonably be expected, individually or in the aggregate, to have a third party which has been filed, Material Adverse Effect; (vi) no proceedings have been instituted or are pending or, to the knowledge of the Company, threatened in writing, which challenge the rights of the Company or any and its subsidiaries have complied in all material respects with the terms of its Subsidiaries each agreement pursuant to use the which Intellectual Property Rights owned by or has been licensed to the Company or its Subsidiariessubsidiaries, as applicable, except as would not reasonably be expected, individually or in the aggregate, to have a Material Adverse Effect, and, to the Company’s knowledge, all such agreements are in full force and effect; and (vii) the Company and its subsidiaries take reasonable steps (x) to protect, maintain and safeguard trade secrets and confidential information included in their Intellectual Property Rights owned by andand (y) to require all of their current employees and contractors (A) with access to trade secrets and confidential information to execute non-disclosure and confidentiality agreements with the Company or its subsidiaries, to as applicable, and (B) who have been involved in the knowledge creation, invention or development of material Intellectual Property for or on behalf of the Company, licensed, Company or its subsidiaries to assign in writing to the Company and or its Subsidiariessubsidiaries, has not been adjudged invalid or unenforceable in whole or in part and there is no pending oras applicable, to the knowledge all of the Company, threatened in writing proceeding by others challenging the validity or scope of any such Intellectual Property Rights, and the Company is unaware of any facts which are reasonably likely to form a basis for any such claimtheir rights therein.

Intellectual Property. Except as described in the Registration Statement, Prospectus or Disclosure Package or as would not reasonably be expected to, individually or in the aggregate, result in to have a Company Material Adverse Effect, (i) the Company Company, the FUMI Share Trust and its Subsidiaries own or possesstheir respective subsidiaries own, or can promptly acquire on reasonable termsare licensed to use, ownership, licenses or other legal rights to use all patents, trademarks, service marks, tradenames, copyrights, trade secrets or other proprietary rights (collectively, “Intellectual Property Rights”) used in and necessary for the conduct of the Company's, the FUMI Share Trust's or their respective businesses subsidiaries' busi- nesses as now they are currently conducted, (ii) to the Company believes it and its Subsidiaries have taken all commercially reasonable steps necessary to establish and preserve knowledge of the Company, the FUMI Share Trust or their respective ownership subsidiaries the use of all Intellectual Property Rights owned by the Company or any of its Subsidiaries that is necessary for Company, the FUMI Share Trust and their respective businesses as now conductedsubsidiaries does not infringe on or other otherwise violate the rights of any third party, and is in accordance in all material respects with the applicable license pursuant to which the Company, the FUMI Share Trust or their respective subsidiaries acquired the right to use such Intellectual Property, (iii) to the knowledge of the Company, there the FUMI Share Trust or their respective subsidiaries no third party is no infringementchallenging, misappropriation infringing on or other violation of the Intellectual Property Rights owned by the Company or otherwise violating any of its Subsidiaries by any third party, (iv) to the knowledge right of the Company, the present businessFUMI Share Trust or their respective subsidiaries in the Intellectual Property, activities and products (iv) neither the Company, the FUMI Share Trust nor any of the Company and its Subsidiaries do not infringetheir respective subsidiaries has received any written notice of any pending claim, misappropriate order or otherwise violate proceeding with respect to any material Intellectual Property Rights of any other person or entity, (v) there is no proceeding pending or, to used in and necessary for the knowledge conduct of the Company's, threatened in writing, charging the Company FUMI Share Trust's or any of its Subsidiaries with infringementtheir respective subsidiaries' businesses as they are currently conducted, misappropriation and to the Company's, the FUMI Share Trust's or other violation their respective subsidiaries' knowledge, no Intellectual Property is being used or enforced by the Company in a manner that would reasonably be expected to result in the abandonment, cancellation or unenforceability of any Intellectual Property Rights adversely held by a third party which has been filed, (vi) no proceedings have been instituted or are pending or, to used in and necessary for the knowledge conduct of the Company's, threatened in writing, which challenge the rights of the Company FUMI Share Trust's or any of its Subsidiaries to use the Intellectual Property Rights owned by or licensed to the Company or its Subsidiaries, and (vii) the Intellectual Property Rights owned by and, to the knowledge of the Company, licensed, to the Company and its Subsidiaries, has not been adjudged invalid or unenforceable in whole or in part and there is no pending or, to the knowledge of the Company, threatened in writing proceeding by others challenging the validity or scope of any such Intellectual Property Rights, and the Company is unaware of any facts which their respective subsidiaries' businesses as they are reasonably likely to form a basis for any such claimcurrently conducted.

Intellectual Property. Except as described in the Registration Statement, Prospectus or Disclosure Package or as would not reasonably be expected to, individually or in the aggregate, result in a Material Adverse Effect, (i) the The Company and its Subsidiaries own or possessowns, or can promptly acquire on reasonable termshas a valid right to use, ownership, licenses --------------------- sell or other legal rights to use all patents, trademarks, service marks, tradenames, copyrights, trade secrets or other proprietary rights (collectively, “Intellectual Property Rights”) necessary for their respective businesses as now conducted, (ii) the Company believes it and its Subsidiaries have taken all commercially reasonable steps necessary to establish and preserve their respective ownership of license all Intellectual Property Rights owned (as defined below) necessary or required for the conduct of business as presently conducted (such Intellectual Property Rights being hereinafter collectively referred to as the "Company IP Rights") and such rights to use, sell or license are sufficient for the conduct of the Company's businesses as presently conducted. The execution, delivery and performance of this Agreement and the consummation of the transactions contemplated hereby do not and will not constitute a breach of any instrument or agreement governing or affecting any Company IP Rights (the "Company IP Rights Agreements"), do not and will not cause the forfeiture or termination or give rise to a right of forfeiture or termination of any Company IP Right or impair the right of the Company to use, sell or license any Company IP Right or portion thereof. There is no royalty, honoraria, fee or other payment payable by the Company to any person by reason of the ownership, use, license, sale or disposition of any Company IP Right (other than as set forth in the Company IP Rights Agreements listed in Section 2.11 to the Company Disclosure Letter). Neither the manufacture, marketing, license, sale or intended use of any product currently licensed or sold by the Company or any of its Subsidiaries that is necessary for their respective businesses as now conducted, (iii) to the knowledge of the Company, there is no infringement, misappropriation or other violation of the Intellectual Property Rights owned currently under development by the Company or the provision of any of its Subsidiaries service currently provided by the Company or currently planned to be provided by the Company violates any third party, (iv) to the knowledge of the Company, the present business, activities and products of license or agreement between the Company and its Subsidiaries do not infringe, misappropriate any third party or otherwise violate infringes any Intellectual Property Rights Right of any other person or entity; and there is no pending or threatened claim or litigation contesting the validity, ownership or right to use, sell, license or dispose of any Company IP Right nor is there any basis for any such claim, nor has the Company received any notice asserting that any Company IP Right or the proposed use, sale, license or disposition thereof conflicts, or will conflict, with the rights of any other person or entity, (v) nor is there is no proceeding pending or, to the knowledge of the Company, threatened in writing, charging the Company or any of its Subsidiaries with infringement, misappropriation or other violation of any Intellectual Property Rights adversely held by a third party which has been filed, (vi) no proceedings have been instituted or are pending or, to the knowledge of the Company, threatened in writing, which challenge the rights of the Company or any of its Subsidiaries to use the Intellectual Property Rights owned by or licensed to the Company or its Subsidiaries, and (vii) the Intellectual Property Rights owned by and, to the knowledge of the Company, licensed, to the Company and its Subsidiaries, has not been adjudged invalid or unenforceable in whole or in part and there is no pending or, to the knowledge of the Company, threatened in writing proceeding by others challenging the validity or scope of any such Intellectual Property Rights, and the Company is unaware of any facts which are reasonably likely to form a basis for any such claim.assertion. The Company has taken reasonable and necessary steps designed to safeguard and maintain the secrecy and confidentiality of, and their proprietary rights in, all Company IP Rights. Each officer, employee and consultant of the Company has executed and delivered to the Company an agreement in the form provided to DoveBid regarding the protection of proprietary information and the assignment to the Company of all Intellectual Property Rights arising from the services performed for the Company by such person. Section 2.12 to the Company Disclosure Letter contains a list of all applications, registrations, filings and other formal actions made or taken pursuant to federal, state and foreign laws by the Company to perfect or protect its interest in Company IP Rights, including, without limitation, all patents, patent applications, trademarks, trademark applications and service marks. As used herein, the term "Intellectual Property

Intellectual Property. Except as described in the Registration Statement, Prospectus or Disclosure Package or as would not reasonably be expected to, individually or in the aggregate, result in a Material Adverse Effect, (i) Section 4.15 of the Company Disclosure Schedule sets forth a complete and its Subsidiaries own or possess, or can promptly acquire on reasonable terms, ownership, licenses or other legal rights to use correct list of all patents, trademarks, service marks, tradenames, copyrights, trade secrets or other proprietary rights (collectively, “material registrations and applications for registration of any Intellectual Property Rights”) necessary for their respective businesses as now conducted, (ii) the Company believes it and its Subsidiaries have taken all commercially reasonable steps necessary to establish and preserve their respective ownership of all Intellectual Property Rights owned by the Company or any of its Subsidiaries. Except as would not reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect on the Company: (a) the Company and each of its Subsidiaries that owns, or is licensed to use (in each case, free and clear of any Liens), all Intellectual Property used in or necessary for their respective businesses the conduct of its business as now currently conducted; (b) since January 1, 2007, neither the Company nor any of its Subsidiaries has infringed, misappropriated or otherwise violated the Intellectual Property rights of any Person; (iiic) to the knowledge of the Company, there is since January 1, 2007, no infringementPerson has challenged, misappropriation infringed, misappropriated or other violation of the otherwise violated any Intellectual Property Rights right owned by and/or licensed to the Company or any of its Subsidiaries; (d) neither the Company nor any of its Subsidiaries has received any written notice or otherwise has knowledge of any pending claim, action, suit, order or proceeding with respect to any Intellectual Property used by the Company or any of its Subsidiaries or alleging that any services provided, processes used or products manufactured, used, imported, offered for sale or sold by any third party, (iv) to the knowledge of the Company, the present business, activities and products of the Company and its Subsidiaries do not infringe, misappropriate or otherwise violate any Intellectual Property Rights of any other person or entity, (v) there is no proceeding pending or, to the knowledge of the Company, threatened in writing, charging the Company or any of its Subsidiaries with infringementinfringes, misappropriation misappropriates or other violation of otherwise violates any Intellectual Property Rights adversely held by a third party which has been filed, rights of any Person; (vie) no proceedings have been instituted or are pending or, to the knowledge consummation of the Companytransactions contemplated by this Agreement will not alter, threatened in writingencumber, which challenge the rights impair or extinguish any Intellectual Property right of the Company or any of its Subsidiaries or impair the right of Parent to use develop, use, sell, license or dispose of, or to bring any action for the infringement of, any Intellectual Property Rights owned by or licensed to right of the Company or any of its Subsidiaries, and ; (viif) the Intellectual Property Rights owned Company and its Subsidiaries have taken reasonable steps to maintain the confidentiality of all Trade Secrets owned, used or held for use by and, the Company or any of its Subsidiaries; (g) the IT Assets operate and perform in a manner that permits the Company and its Subsidiaries to conduct their respective businesses as currently conducted and to the knowledge of the Company, licensed, no Person has gained unauthorized access to the IT Assets; and (h) the Company and its Subsidiaries, has not been adjudged invalid or unenforceable in whole or in part Subsidiaries have implemented reasonable backup and there is no pending or, to the knowledge of the Company, threatened in writing proceeding by others challenging the validity or scope of any such Intellectual Property Rights, and the Company is unaware of any facts which are reasonably likely to form a basis for any such claimdisaster recovery technology.

Intellectual Property. Except as described in set forth on Schedule 4.10: (a) the Registration StatementCompany holds all Intellectual Property, Prospectus free and clear of all Encumbrances, restrictions on use or Disclosure Package transfer, whether or as would not reasonably be expected torecorded and has sole title to and ownership of or has the full, individually or in exclusive right to use, for the aggregate, result in a Material Adverse Effect, life of the proprietary right: (i) the Company and its Subsidiaries own or possess, or can promptly acquire on reasonable terms, ownership, licenses or other legal rights to use all patents, trademarks, service marks, tradenames, copyrights, trade secrets or other proprietary rights (collectively, “Listed Intellectual Property Rights”) necessary for their respective businesses as now conducted, and (ii) to the Company believes it knowledge, after due inquiry, of the Semlers, the Shareholders and its Subsidiaries have taken the Company, all commercially reasonable steps necessary to establish and preserve their respective ownership other Intellectual Property; (b) the use of all the Listed Intellectual Property Rights owned by the Company does not violate or infringe on the rights of any of its Subsidiaries that is necessary for their respective businesses as now conductedother Person, (iiic) to the knowledge use of the Company, there is no infringement, misappropriation or other violation of the Other Intellectual Property Rights owned by the Company or any of its Subsidiaries by any third party, (iv) to the knowledge of the Company, the present business, activities and products of the Company and its Subsidiaries do not infringe, misappropriate or otherwise violate any Intellectual Property Rights of any other person or entity, (v) there is no proceeding pending ordoes not, to the knowledge of the CompanySemlers, threatened in writing, charging the Company Shareholders or any of its Subsidiaries with infringement, misappropriation or other violation of any Intellectual Property Rights adversely held by a third party which has been filed, (vi) no proceedings have been instituted or are pending or, to the knowledge of the Company, threatened in writingviolate or infringe on the rights of any other Person; (d) none of the Semlers, which challenge any Shareholder nor the Company has received any notice of any conflict between the asserted rights of others and the Company with respect to any Intellectual Property; (e) all filings and other actions necessary to acquire, maintain, register, renew and perfect the rights of the Company or any of its Subsidiaries to use the all Intellectual Property Rights owned used by the Company in its business or licensed in which it has an interest have been duly made in all jurisdictions where such rights are used by it; (f) the Company is in compliance with all terms and conditions of the agreements relating to any item listed on Schedule 4.1(b); (g) the Company is not and has not been a defendant in any action, suit, investigation or proceeding relating to infringement or misappropriation by the Company of any Intellectual Property; (h) the Company has not been notified of any alleged claim of infringement or misappropriation by the Company of any Intellectual Property; (i) none of the Semlers, any Shareholder nor the Company has knowledge of any claim of infringement or misappropriation by the Company of any Intellectual Property; (j) to the knowledge (after due inquiry) of the Semlers, the Shareholders or the Company, none of the Products the Company makes, has made, uses, or sells, infringes or misappropriates any Intellectual Property right of any third party; (k) none of the trademarks and service marks the Company uses infringes the trademark or service xxxx rights of any third party; (l) the Company has not entered into any agreement to indemnify any other person against any charge of infringement of any Intellectual Property and (m) none of the material processes and formulae, research and development results and other know-how relating to the Company's business, the value of which to the Company or its Subsidiaries, and (vii) the Intellectual Property Rights owned by and, to the knowledge is contingent upon maintenance of the Company, licensed, to the Company and its Subsidiariesconfidentiality thereof, has been disclosed to any Person other than Persons bound by written confidentiality agreements listed on Schedule 4.10. The Company has not been adjudged invalid received any response, whether verbal, written or unenforceable in whole otherwise, from or in part and there is no pending or, to the knowledge on behalf of any Person sent a letter announcing the Company's acquisition of U.S. Patent Number 4,803,625, threatened in writing proceeding by others challenging the validity or scope of any such Intellectual Property Rights, and the Company is unaware not aware of any facts which are reasonably likely to form a basis for action pending or threatened against the Company by any such claimPerson with respect to the subject matter of such letters and the March 1, 1996 letter from the Company addressed to CDS - Pace Link furnished by the Company to Purchaser is identical in all material respects to all of such letters. The Company has entered into a license agreement with Ralin Medical, Inc., a true, correct and complete executed copy of which is attached as Exhibit E (the "Ralin License Agreement").