Common use of Authorization; No Restrictions, Consents or Approvals Clause in Contracts

Authorization; No Restrictions, Consents or Approvals. ▇▇▇▇▇▇▇▇▇ has the requisite power and authority to enter into and perform his obligations under this Agreement and to relinquish and transfer all legal right and interest in, and to, the Amended Note for its immediate cancellation as of the Delivery Date. ▇▇▇▇▇▇▇▇▇ represents and warrants that the Amended Note is unencumbered as of the Delivery Date and understands and agrees that the Amended Note will be cancelled and have no further legal force and effect as of the Closing. This Agreement has been duly executed by ▇▇▇▇▇▇▇▇▇ and constitutes the legal, valid, binding and enforceable obligation of Khakshoor, enforceable against Khakshoor in accordance with its terms, except as such enforceability may be limited by applicable bankruptcy, insolvency, reorganization, moratorium, liquidation, conservatorship, receivership or similar laws relating to, or affecting generally the enforcement of, creditor’s rights and remedies or by other equitable principles of general application (including any limitation of equitable remedies). The execution and delivery of this Agreement and the consummation by Khakshoor of the transactions contemplated herein do not and will not (A) conflict with or violate any of the terms of any applicable law relating to Khakshoor, or (B) conflict with, or result in or constitute a default under or breach or violation of or grounds for termination of, any license, permit or other governmental authorization to which Khakshoor is a party or by which Khakshoor may be bound, or result in the violation by ▇▇▇▇▇▇▇▇▇ of any laws to which Khakshoor may be subject, in each case in a manner which would prevent the execution or delivery of this Agreement by ▇▇▇▇▇▇▇▇▇ or would adversely affect the transactions contemplated herein. No authorization, consent or approval of, notice to, or filing with, any public body or governmental authority or any other person is necessary or required in connection with the execution and delivery by ▇▇▇▇▇▇▇▇▇ of this Agreement or the performance by ▇▇▇▇▇▇▇▇▇ of his obligations hereunder.

Authorization; No Restrictions, Consents or Approvals. ▇▇▇▇▇▇▇▇▇ has the requisite power and authority to enter into and perform his its obligations under this Agreement and to relinquish and transfer all legal right and interest in, and to, the Amended Note for its immediate cancellation as of the Delivery Date. ▇▇▇▇▇▇▇▇▇ represents and warrants that the Amended Note is unencumbered as of the Delivery Date and understands and agrees that the Amended Note will be cancelled and have no further legal force and effect as of the Closing. This Agreement has been duly executed by ▇▇▇▇▇▇▇▇▇ and constitutes the legal, valid, binding and enforceable obligation of Khakshoor▇▇▇▇▇▇, enforceable against Khakshoor ▇▇▇▇▇▇ in accordance with its terms, except as such enforceability may be limited by applicable bankruptcy, insolvency, reorganization, moratorium, liquidation, conservatorship, receivership or similar laws relating to, or affecting generally the enforcement of, creditor’s rights and remedies or by other equitable principles of general application (including any limitation of equitable remedies). The execution and delivery of this Agreement and the consummation by Khakshoor ▇▇▇▇▇▇ of the transactions contemplated herein do not and will not (A) conflict with with, or violate any of the terms of any applicable law relating to Khakshoorthis Agreement, or (B) conflict with, or result in or constitute a default under or breach or violation of or grounds for termination of, any license, permit or other governmental authorization to which Khakshoor ▇▇▇▇▇▇ is a party or by which Khakshoor ▇▇▇▇▇▇ may be bound, or result in the violation by ▇▇▇▇▇▇▇▇▇ of any laws to which Khakshoor ▇▇▇▇▇▇ may be subject, in each case in a manner which would prevent the execution or delivery of this Agreement by ▇▇▇▇▇▇▇▇▇ or would adversely affect the transactions contemplated herein. No authorization, consent or approval of, notice to, or filing with, any public body or governmental authority or any other person is necessary or required in connection with the execution and delivery by ▇▇▇▇▇▇▇▇▇ of this Agreement or the performance by ▇▇▇▇▇▇▇▇▇ of his its obligations hereunder.

Authorization; No Restrictions, Consents or Approvals. ▇▇▇▇▇▇▇▇▇ has the requisite power and authority to enter into and perform his obligations under this Agreement and to relinquish and transfer all legal right and interest in, and to, the Amended Note for its immediate cancellation as of the Delivery Date. ▇▇▇▇▇▇▇▇▇ Drozdov represents and warrants that the Amended Note is unencumbered as of the Delivery Date and understands and agrees that the Amended Note will be cancelled and have no further legal force and effect as of the Closing. This Agreement has been duly executed by ▇▇▇▇▇▇▇▇▇ and constitutes the legal, valid, binding and enforceable obligation of KhakshoorDrozdov, enforceable against Khakshoor Drozdov in accordance with its terms, except as such enforceability may be limited by applicable bankruptcy, insolvency, reorganization, moratorium, liquidation, conservatorship, receivership or similar laws relating to, or affecting generally the enforcement of, creditor’s rights and remedies or by other equitable principles of general application (including any limitation of equitable remedies). The execution and delivery of this Agreement and the consummation by Khakshoor Drozdov of the transactions contemplated herein do not and will not (A) conflict with or violate any of the terms of any applicable law relating to KhakshoorDrozdov, or (B) conflict with, or result in or constitute a default under or breach or violation of or grounds for termination of, any license, permit or other governmental authorization to which Khakshoor Drozdov is a party or by which Khakshoor Drozdov may be bound, or result in the violation by ▇▇Drozdov of any laws to which ▇▇▇▇▇▇▇ of any laws to which Khakshoor may be subject, in each case in a manner which would prevent the execution or delivery of this Agreement by ▇▇▇▇▇▇▇▇▇ or would adversely affect the transactions contemplated herein. No authorization, consent or approval of, notice to, or filing with, any public body or governmental authority or any other person is necessary or required in connection with the execution and delivery by ▇▇▇▇▇▇▇▇▇ of this Agreement or the performance by ▇▇▇▇▇▇▇▇▇ of his obligations hereunder.