FOR THE PURPOSE OF FACILITATING AND EXECUTING A JOINT CO-OPERATION IN INVESTMENT PROJECTS, THE PARTIES HEREBY REPRESENT AND WARRANT TO EACH OTHER THAT THEY EACH HAVE THE FULL LEGAL AUTHORITY AND POWER TO ENTER INTO THIS AGREEMENT AND THAT NO CONSENT OR APPROVAL OF ANY THIRD PARTY SHALL BE REQUIRED AS A CONDITION TO THE EXECUTION OF THIS AGREEMENT OR THE PERFORMANCE OF EITHER PARTY HEREUNDER,