The Seller is the sole owner of the Sale Shares and has all economic rights and the right to exercise all voting rights over the Sale Shares. There is no encumbrance, and there is no agreement, arrangement or obligation binding upon the Seller to create or give any encumbrance, in relation to any of the Sale Shares or any unissued shares in the Company. There is no agreement, arrangement or obligation requiring the creation, allotment, issue, transfer, redemption or repayment of, or the grant to a person of the right (conditional or Seite 5/38