REPRESENTATIONS AND WARRANTIES OF CMGO. CMGO represents and warrants to AEAC that the statements contained in this Article 3 are true, complete and correct as of the date of this Agreement and will be correct and complete as of the Closing Date (and as though made then and as though the Closing Date were substituted for the date of this Agreement throughout this Article 3, except in the case of representations and warranties stated to be made as of the date of this Agreement or as of another date and except for changes contemplated or permitted by this Agreement); except as the same may be qualified or limited by the CMGO Disclosure Schedules attached hereto. The above notwithstanding, the parties hereto recognize and acknowledge that CMGO, although the sole shareholder of AE, has and has had no involvement in the day to day operation of the business or other activities of AE as all such activities were conducted by AE’s officers, staff and management team. To the extent that any of the representations and warranties made herein are shown to be inaccurate or untrue and the officers, staff or management team of AE knew or had reason to know of the inaccuracy or untruthfulness of said representations and warranties then CMGO and its staff, officers and directors shall have no responsibility or liability for any such inaccurate or untrue representations or warranties.
REPRESENTATIONS AND WARRANTIES OF CMGO. CMGO represents, warrants and agrees that all of the statements in the following subsections of this Article III, pertaining to CMGO, are true and complete as of the date hereof.
