Information Technologies. (A) Little Star Group is the sole legal and beneficial owner of all its information technologies. Such information technologies are not subject to any liens, mortgages, third parties’ rights or other rights. (B) All information technologies owned or used by Little Star Group or in the name of any members of Little Star Group are in good operating conditions, and have been maintained in accordance with good industry practices. (C) The information technologies and domains owned or used by Little Star Group are not the subject of any litigations or other disputes or claims. To the best of knowledge of the Acquired Parties, no litigations, disputes or claims in relation to any information technologies or domains owned or used by Little Star Group are expected or likely to occur. (D) The business or operation of Little Star Group has not been materially interfered due to one of the following events: (a) any breach of the security regulations relating to any information technologies, (b) malfunction of any information technologies (whether it is due to any breakdown, virus, defects or other reasons), insufficient capacity, or failure to meet the required standards in other aspects, or (c) malfunction, interruption or defective operation of any information technologies due to the occurrence or processing of one or more dates. There exists no circumstances which are likely or expected to give rise to any such interference. (E) Little Star Group is the legal and beneficial owner of all information technologies and business information that are necessary or required for the operation of its business in a manner used currently or at any time within one year prior to the date of this Agreement, and for the performance or implementation of any existing contracts, undertakings, plans or proposals, or the party which has the contractual rights to use such information technologies; such contractual rights will not be directly or indirectly affected due to any transaction contemplated under this Agreement. (F) Little Star Group has not disclosed any source programs to any third parties; no source programs relating to proprietary software have been disclosed or otherwise made known to any third parties. (G) Little Star Group is not a party to any agreements or arrangements that restrict the freedom to use or the disclosure of any source programs relating to any proprietary software, nor does it assume any obligations that restrict the freedom to use or the disclosure of any source programs relating to any proprietary software.
Appears in 1 contract
Sources: Equity Acquisition Agreement (Noah Education Holdings Ltd.)
Information Technologies. (A) Little Star Group ▇▇▇▇▇▇ is the sole legal and beneficial owner of all its information technologies. Such information technologies are not subject to any liens, mortgages, third parties’ rights or other rights.
(B) All information technologies owned or used by Little Star Group ▇▇▇▇▇▇ or in the its name of any members of Little Star Group are in good operating conditions, and have been maintained in accordance with good industry practices.
(C) The information technologies and domains owned or used by Little Star Group ▇▇▇▇▇▇ are not the subject of any litigations or other disputes or claims. To the best of knowledge of the Acquired PartiesExisting Shareholders, no litigations, disputes or claims in relation to any information technologies or domains owned or used by Little Star Group ▇▇▇▇▇▇ are expected or likely to occur.
(D) The business or operation of Little Star Group ▇▇▇▇▇▇ has not been materially interfered due to one of the following events: (a) any breach of the security regulations relating to any information technologies, (b) malfunction of any information technologies (whether it is due to any breakdown, virus, defects or other reasons), insufficient capacity, or failure to meet the required standards in other aspects, or (c) malfunction, interruption or defective operation of any information technologies due to the occurrence or processing of one or more dates. There exists no circumstances which are likely or expected to give rise to any such interference.
(E) Little Star Group ▇▇▇▇▇▇ is the legal and beneficial owner of all information technologies and business information that are necessary or required for the operation of its business in a manner used currently or at any time within one year prior to the date of this Agreement, and for the performance or implementation of any existing contracts, undertakings, plans or proposals, or the party which has the contractual rights to use such information technologies; such contractual rights will not be directly or indirectly affected due to any transaction contemplated under this Agreement.
(F) Little Star Group ▇▇▇▇▇▇ has not disclosed any source programs to any third parties; no source programs relating to proprietary software have been disclosed or otherwise made known to any third parties.
(G) Little Star Group ▇▇▇▇▇▇ is not a party to any agreements or arrangements that restrict the freedom to use or the disclosure of any source programs relating to any proprietary software, nor does it assume any obligations that restrict the freedom to use or the disclosure of any source programs relating to any proprietary software.
Appears in 1 contract
Sources: Equity Transfer Agreement (Noah Education Holdings Ltd.)