All tax returns required to be filed by or on behalf of PhotoMedex with respect to the Assets or any of them have been duly and timely filed, and all such tax returns are true, complete and correct. All taxes owed by or with respect to PhotoMedex (whether or not shown on any tax return) or for which PhotoMedex could be liable with respect to the Assets, including all sales, use and value added taxes, in whole or in part, have been paid. There are no tax liens upon any of the Assets, and, as of the Effective Date, there is no basis upon which any governmental agency could impose a tax lien on any of the Assets. PhotoMedex has withheld and paid all taxes required to have been withheld and paid in connection with amounts paid or owing to any employee, contractor, creditor, stockholder or any other third party. PhotoMedex has properly charged, collected and paid all applicable sales, use, value added and other similar taxes with respect to the Assets.