Repayment on Non-Satisfaction Sample Clauses

Repayment on Non-Satisfaction. The Distributor will use its best efforts to promote the Company, the Business and the Products through its distribution network. In the event that, during the first twenty-four (24) months from the date of this Agreement, the Distributor is unable to produce a minimum of CAD$1,000,000 in gross sales of the Products as supplied by the Company, then the Distributor will repay to the Company the CAD$2,000,000 payment set forth in Section 5.2(a) in the form of common shares (or other such securities as agreed to by the Company) of the Distributor, at a deemed price per share equal to volume weighted average trading price of the shares of the Distributor on the OTCQB market for the 20 trading days immediately preceding the twenty-four (24) month anniversary of this Agreement.