Scope of Operations; Compliance with Laws. (a) The Parent SEC Reports describe fairly and accurately all operations and material transactions engaged in or conducted by Parent since its inception. Except as described in the Parent SEC Reports, Parent does not own, lease or have the right to use, and has never owned, leased or had the right to use, any real property or interest therein. Parent does not have and has never had any ownership, equity or other interest in any other Person. Parent has not guaranteed any obligation of any other Person. Parent has no employees.
Scope of Operations; Compliance with Laws. The Brands SEC Reports describe fairly and accurately all operations and material transactions engaged in or conducted by Brands since its inception. Except as described in the Brands SEC Reports, Brands does not own, lease or have the right to use, and has never owned, leased or had the right to use, any real property or interest therein. Brands does not have and has never had any ownership, equity or other interest in any other Person. Brands has not guaranteed any obligation of any other Person.
Scope of Operations; Compliance with Laws. The Teda SEC Reports describe fairly and accurately all operations and material transactions engaged in or conducted by Teda since its inception. Except as described in the Teda SEC Reports, Teda does not own, lease or have the right to use, and has never owned, leased or had the right to use, any real property or interest therein. Teda does not have and has never had any ownership, equity or other interest in any other Person. Teda has not guaranteed any obligation of any other Person.
Scope of Operations; Compliance with Laws. Section 5.8. Liabilities and Contracts Section 5.9. Litigation Section 5.10. Brokers Section 5.11. Assets Section 5.12. Restrictions on Business Activity of Purchaser Section 5.13. Absence of Certain Changes and Events.
Scope of Operations; Compliance with Laws. (a) The Purchaser SEC Reports describe fairly and accurately all operations and material transactions engaged in or conducted by the Purchaser since its inception. Except as described in the Purchaser SEC Reports, Purchaser does not own, lease or have the right to use, and has never owned, leased or had the right to use, any real property or interest therein. The Purchaser does not have and has never had any ownership, equity or other interest in any other Person. The Purchaser has not guaranteed any obligation of any other Person. The Purchaser has no employees.
Scope of Operations; Compliance with Laws. Except as set forth in the Global Disclosure Schedule, Global has not conducted any operations or transactions other than (a) the initial capitalization of Global, (b) Global’s participation in the mergers of National Companies, Inc., Teda Hotels Management Company Limited and Equity Management Partners LLC as described in the Prospectus (the “Prior Transactions”), (c) the private placement of Global described in the Prospectus and the registration of the shares issued by Global in such private placement, (d) the registration and issuance of the Consulting Shares, and (e) the Transactions contemplated by this Agreement. Except to the extent that the Principal Stockholder may be a common law employee of Global, neither Global nor the Subsidiary has or has ever had any employee. Neither Global nor the Subsidiary owns, leases or has the right to use, or has ever owned, leased or had the right to use, any real property or interest therein. Except for the interest of Global in the Subsidiary, neither Global nor the Subsidiary has or has ever had any ownership, equity or other interest in any other Person. Neither Global nor the Subsidiary has guaranteed any obligation of any other Person including, without limitation, the Principal Stockholder. Except to the extent that Global violated the Exchange Act in connection with its participation in the Prior Transactions or as set forth in the Global Disclosure Schedule, neither Global nor the Subsidiary has violated any applicable Laws.
Scope of Operations; Compliance with Laws. The Mondas SEC Reports describe fairly and accurately all operations and material transactions engaged in or conducted by Mondas since its inception. Except as described in the Mondas SEC Reports, Mondas does not own, lease or have the right to use, and has never owned, leased or had the right to use, any real property or interest therein. Mondas does not have and has never had any ownership, equity or other interest in any other Person. Mondas has not guaranteed any obligation of any other Person.
Scope of Operations; Compliance with Laws. The Bluestone SEC Reports describe fairly and accurately all operations and material transactions engaged in or conducted by Bluestone since its inception. Except as described in the Bluestone SEC Reports, Bluestone does not own, lease or have the right to use, and has never owned, leased or had the right to use, any real property or interest therein. Bluestone does not have and has never had any ownership, equity or other interest in any other Person. Bluestone has not guaranteed any obligation of any other Person.
