5.4 Each party hereby declares that it has all the necessary powers and authorizations to enter into this share transfer agreement. 3. COST OF TRANSMISSION It is agreed that the registration costs of the transfer of shares (if any) will be borne by the buyer. 5.16 The assignor irrevocably releases and undertakes to exempt the assignee from any loss resulting from a breach of the warranties or other conditions of the share transfer agreement. . . .