Each of the Parties has the full power and authority to execute, deliver and perform this Agreement and to consummate the transactions contemplated hereby. No consent of any third party is required in order for each party to execute, deliver and perform this Agreement, which has not been obtained other than the consent and approval of NTU for the transfer and assignment of the License Agreement to the Company or the termination of the License Agreement and execution of the New License Agreement, as the case may be.