WARRANTIES IN RELATION TO THE CONSULTING FEES. RELATING TO THE CONCLUSION OF THIS AGREEMENT The Sellers warrant that the consulting fees of external advisors of the Sellers in connection with the negotiation of this Agreement shall be exclusively borne by the Sellers and not by the Company 4.3.19 HUMIREL INC The warranties contained in Sub-Clauses 4.1, 4.3.3, 4.3.7, 4.3.9 (ii), 4.3.10 first and second paragraphs, 4.3.10 (i), 4.3.12, 4.3.13 (i) & (ii), 4.3.14 and 4.3.16 shall apply also to Humirel, Inc as if references in those warranties to the "Company" were replaced by references to "Humirel, Inc" . The information set out in the Disclosure Letter relating to Hurmirel, Inc is true, complete and accurate. Humirel, Inc has no employees or consultants other than Xxxxx Xxxxxxxx, the remuneration and other benefits of whom are set out in the Disclosure Letter. Humirel, Inc is a corporation duly incorporated, validly existing and in good standing under the laws of the state of Arizona, with all necessary corporate power, authority and capacity to own the assets owned by it and to lease the assets leased by it, and to carry on the business in which it is currently engaged. Humirel, Inc is not insolvent or unable to pay its debts as and when they fall due and not subject to Chapter 11 proceedings or any other analogous proceedings. Save for an administrative services agreement entered into between the Company and Humirel, Inc on 12 November 1998 and for Xx. Xxxxxxxx'x employment contract, Humirel, inc is not a party to any other agreements, arrangements or undertakings. ----------------------------------------------------------------------------- 37 <PAGE> 5 WARRANTIES OF THE BUYERS The Buyers, jointly and severally, represent and warrant to the Sellers that each of the Buyers' Warranties is true and accurate in all respects on the date of this Agreement, except where another date is expressly provided. 5.1 The Buyers have the legal right and full power and authority to enter into and perform this Agreement; this Agreement will constitute a valid and binding obligation of the Buyer. 5.2 The execution and delivery of and the performance by the Buyers of their obligations under this Agreement will not and is not likely to (i) result in a breach of any provision of the constitutional documents of the Buyer, (ii) or result in the creation of any encumbrances and restrictions under any agreement, licence or other instruments or, (iii) result in a breach of any order, judgement or decree of any court, governmental...
WARRANTIES IN RELATION TO THE CONSULTING FEES. RELATING TO THE CONCLUSION OF THIS AGREEMENT The Sellers warrant that the consulting fees of external advisors of the Sellers in connection with the negotiation of this Agreement shall be exclusively borne by the Sellers and not by the Company
