REPRESENTATIONS AND WARRANTIES OF YP AND MERGER SUB. YP and Merger Sub hereby represent and warrant to LiveDeal and the Principal Shareholder as of the date hereof as follows. For purposes of this Agreement, “knowledge of YP” or “knowledge of Merger Sub” (or similar phrases) means the actual knowledge of the Chief Executive Officer and the Chief Financial Officer of YP provided that each of them shall have made reasonable inquiry with the employees of the company who report directly to them of such facts and matters represented.
