Common use of Permits; Intellectual Property Clause in Contracts

Permits; Intellectual Property. Set forth in Exhibit B is a complete and accurate list of all material permits, licenses, approvals, franchises, patents, registered and common law trademarks, service marks, tradenames, copyrights (and applications for each of the foregoing), notices and authorizations issued by governmental entities or other regulatory authorities, federal, state or local (collectively the "Permits"), held by the Company. The Permits set forth in Exhibit B are all the material Permits required for the conduct of the Business. To the Knowledge of each of the Company and the Shareholder, all the Permits set forth in Exhibit B are in full force and effect, and, to the Knowledge of each of the Company and the Shareholder, the Company has not engaged in any activity which would cause or permit revocation or suspension of any such Permit, and to the Knowledge of each of the Company and the Shareholder, no action or proceeding looking to or contemplating the revocation or suspension of any such Permit is pending or threatened. To the Knowledge of each of the Company and the Shareholder, there are no existing material defaults or events of default or event or state of facts which with notice or lapse of time or both would constitute a default by the Company under any such Permit. Neither the Company nor the Shareholder has any knowledge of any default or claimed or purported or alleged default or state of facts which with notice or lapse of time or both would constitute a material default on the part of any other party in the performance of any obligation to be performed or paid by any other party under any Permit set forth in Exhibit B. The use by the Company of any proprietary rights relating to any Permit does not involve any claimed infringement of such Permit or rights. The consummation of the transactions contemplated hereby will in no way affect the continuation, validity or effectiveness of the Permits set forth in Exhibit B or require the consent of any person, except that the Company will cease to be a minority and female owned business. Except as set forth in Exhibit B, the Company is not required to be licensed by, nor is it subject to the regulation of, any governmental or regulatory body by reason of the conduct of the Business.

Permits; Intellectual Property. Set forth in Exhibit B is a complete and accurate list of all material permits, licenses, approvals, franchises, patents, registered and common law trademarks, service marks, tradenames, copyrights (and applications for each of the foregoing), notices and authorizations issued by governmental entities or other regulatory authorities, federal, state or local (collectively the "Permits"), held by the CompanyCompany in connection with the Business. The Permits set forth in Exhibit B are all the material Permits required for the conduct of the Business. To the Knowledge of each of the Company and the Shareholder, all All the Permits set forth in Exhibit B are in full force and effect, and, to the Knowledge of each of the Company and the Shareholder, the Company has not engaged in any activity which would cause or permit revocation or suspension of any such Permit, and and, to the Knowledge best of each the knowledge of the Company and each of the ShareholderShareholders, no action or proceeding looking to or contemplating the revocation or suspension of any such Permit is pending or threatened. To the Knowledge of each of the Company and the Shareholder, there There are no existing material defaults or events of default or event or state of facts which with notice or lapse of time or both would constitute a default by the Company under any such Permit. Neither the Company nor either of the Shareholder Shareholders has any knowledge of any default or claimed or purported or alleged default or state of facts which with notice or lapse of time or both would constitute a material default on the part of any other party in the performance of any obligation to be performed or paid by any other party under any Permit set forth in Exhibit B. The use by the Company of any proprietary rights relating to any Permit does not involve any claimed infringement of such Permit or rights. The consummation of the transactions contemplated hereby will in no way affect the continuation, validity or effectiveness of the Permits set forth in Exhibit B or require the consent of any person, except that the Company will cease to be a minority and female owned business. Except as set forth in Exhibit BSection II(J)(iii) below, the Company is not required to be licensed by, nor is it subject to the regulation of, any governmental or regulatory body by reason of the conduct of the Business.

Permits; Intellectual Property. Set forth in Exhibit B II(K) is a complete and accurate list of all material permits, licenses, approvals, franchises, patents, registered and common law trademarks, service marks, tradenames, copyrights (and applications for each of the foregoing), notices and authorizations issued by governmental entities or other regulatory authorities, federal, state or local (collectively the "Permits"), held by either of the CompanyCompanies. The Permits set forth in Exhibit B II(K) are all the material Permits required for the conduct of the Business. To the Knowledge of each of the Company and the Shareholder, all All the Permits set forth in Exhibit B II(K) are in full force and effect, and, to the Knowledge of each and neither of the Company and the Shareholder, the Company Companies has not engaged in any activity which would cause or permit revocation or suspension of any such Permit, and to the Knowledge of each of the Company and the Shareholder, no action or proceeding looking to or contemplating the revocation or suspension of any such Permit is pending or threatened. To or, to the Knowledge best knowledge of each of the Company Companies and each of the ShareholderShareholders, there threatened. There are no existing material defaults or events of default or event or state of facts which with notice or lapse of time or both would constitute a default by either of the Company Companies under any such PermitPermit except for such defaults as are not reasonably likely to have, either singly or in the aggregate, a Material Adverse Effect. Neither 14 of the Company Companies nor any of the Shareholder Shareholders has any knowledge of any default or claimed or purported or alleged default or state of facts which with notice or lapse of time or both would constitute a material default on the part of any other party in the performance of any obligation to be performed or paid by any other party under any Permit set forth in Exhibit B. The II(K). To the best knowledge of each of the Companies and each of the Shareholders, the use by either of the Company Companies of any proprietary rights relating to any Permit does not involve any claimed infringement of such Permit or rights. The consummation of the transactions contemplated hereby will in no way affect the continuation, validity or effectiveness of the Permits set forth in Exhibit B or II(K) or, except for the filing of an H-S-R Form, require the consent of any person, except that the Company will cease to be a minority and female owned business. Except as set forth in Exhibit BSection II(K)(iii) below, neither of the Company Companies is not required to be licensed by, nor is it subject to the regulation of, any governmental or regulatory body by reason of the conduct of the Businessbody.

Permits; Intellectual Property. Set forth in Exhibit B is a complete and accurate list of all material permits, licenses, approvals, franchises, patents, registered and common law trademarks, service marks, tradenames, copyrights (and applications for each of the foregoing), notices and authorizations issued by governmental entities or other regulatory authorities, federal, state or local (collectively the "Permits"), held by the CompanyCompany in connection with the Business. The Permits set forth in Exhibit B are all the material Permits required for the conduct of the Business. To the Knowledge of each of the Company and the Shareholder, all All the Permits set forth in Exhibit B are in full force and effect, and, to the Knowledge of each of the Company and the Shareholder, the Company has not engaged in any activity which would cause or permit revocation or suspension of any such Permit, and to the Knowledge best of each the knowledge of the Company and the Shareholder, no action or proceeding looking to or contemplating the revocation or suspension of any such Permit is pending or threatened. To the Knowledge of each of the Company and the Shareholder, there There are no existing material defaults or events of default or event or state of facts which with notice or lapse of time or both would constitute a default by the Company under any such Permit. Neither the Company nor the Shareholder has any knowledge of any default or claimed or purported or alleged default or state of facts which with notice or lapse of time or both would constitute a material default on the part of any other party in the performance of any obligation to be performed or paid by any other party under any Permit set forth in Exhibit B. The use by the Company of any proprietary rights relating to any Permit does not involve any claimed infringement of such Permit or rights. The consummation of the transactions contemplated hereby will in no way affect the continuation, validity or effectiveness of the Permits set forth in Exhibit B or require the consent of any person, except that the Company will cease to be a minority and female owned business. Except as set forth in Exhibit BSection II(J)(iii) below, the Company is not required to be licensed by, nor is it subject to the regulation of, any governmental or regulatory body by reason of the conduct of the Business.