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<br /> <br />Company as currently conducted. All tangible assets and <br />properties owned or leased by the Company are in good condition <br />and repair, ordinary wear excepted. <br />Section 5.12 £Dnolovee Relations. (a) The Company is in <br />compliance with all applicable Legal Requirements respecting <br />employment conditions and practices, has withheld all amounts <br />required by any Legal Requirements or Contracts to be withheld <br />from the wages or salaries of its employees, and is not liable <br />for, or in arrears of, any wages or any Taxes or penalties for <br />failure to comply with any of the foregoing. <br />(b) the Company has not engaged in any unfair labor <br />practice within the meaning of the National Labor Relations Act, <br />and has not violated any Legal Requirements prohibiting <br />discrimination on the basis of race, color, national origin, sex, <br />religion, age, marital status or handicap in its employment <br />conditions or practices. There are no pending or, to the <br />knowledge of Seller, threatened unfair labor practice charges or <br />discrimination complaints relating to race, color, national <br />origin, sex, religion, age, marital status or handicap against <br />the Company before any Governmental Authority nor, to Seller's <br />knowledge, does any basis therefor exist. <br />(c) The Company is not a party to, nor is it bound by <br />any, collective bargaining agreements. There are no existing or, <br />to Seller's knowledge, threatened, labor disputes that could <br />reasonably be expected to have a material adverse effect on the <br />financial condition or operations of the Company. There are no <br />pending or, to the knowledge of Seller, threatened representation <br />questions respecting the employees of the Company nor, to the <br />knowledge of Seller, does any basis therefor exist. <br />Section 5.13 Insurance. (a) There are no outstanding or <br />unsatisfied requirements or recommendations by any insurance <br />company that has issued a policy with respect to the Company or <br />any of the assets or properties owned or leased by it, or by any <br />Governmental Authority, requiring or recommending any repairs or <br />other work to be done on or with respect to, or requiring or <br />recommending any equipment or facilities to be installed on or in <br />connection with, any of the assets or properties owned or leased <br />by the Company or the activities of the Company as currently <br />conducted. <br />(b) All tangible personal and real property owned or <br />leased by the Company is insured by responsible companies against <br />casualty and other losses customarily obtained with respect to <br />comparable properties and assets by businesses in the region in <br />which such tangible personal and real property is located, in <br />amounts and coverages which are reasonable and customary in light <br />of existing circumstances. The Company carries product liability <br />insurance, public liability insurance and workers' compensation <br />8 <br />