Operational Agreement. Both parties agree that within 90 days of closing an operational partnership agreement shall be in place, inclusive of employment agreements for principal officers of the Seller. Buyer and Seller have to date negotiated most of the terms of the agreement and will use their best faith efforts to complete and ratify said agreement. In the event of a failure to complete an agreement Seller retains the right to purchase the shares sold to the Buyer for an equal amount of consideration expended by the Buyer.
Appears in 8 contracts
Samples: Share Exchange Agreement (Indie Growers Association), Share Exchange Agreement (Viking Minerals Inc.), Share Exchange Agreement (Monarchy Resources, Inc.)
Operational Agreement. Both parties agree that within 90 120 days of closing an operational partnership agreement shall be in place, inclusive of employment agreements for principal officers of the Seller. Buyer and Seller have to date negotiated most of the terms of the agreement and will use their best faith efforts to complete and ratify said agreement. In the event of a failure to complete an agreement Seller retains the right to purchase the shares sold to the Buyer for both buyer and seller will enter into binding arbitration through a neutral third party until such time as an equal amount of consideration expended by the Buyeragreement has been made.
Appears in 1 contract
Samples: Stock Purchase Agreement (Harvard Holdings International, Inc.)
