Tail Period. Midtown shall be entitled to compensation as set forth in Section 2 of this Agreement for any Qualified Financing (as defined below) that occurs at any time during the twelve (12) month period following the termination or expiration of this Agreement. “Qualified Financing” shall mean any investment from a person or entity set forth on Exhibit B. All compensation shall be paid to Midtown on the date that the Company closes on the Qualified Financing.
Appears in 3 contracts
Samples: Letter Agreement (Generex Biotechnology Corp), Letter Agreement (Generex Biotechnology Corp), Generex Biotechnology Corp
Tail Period. Midtown shall be entitled to compensation as set forth in Section 2 of this Agreement for any Qualified Financing (as defined below) that occurs at any time during the twelve six (126) month period following the termination or expiration of this Agreement. “Qualified Financing” shall mean any investment from a person or entity set forth on Exhibit B. if (a) such purchaser or purchasers (or affiliate thereof), were solicited by Midtown. All compensation shall be paid to Midtown the Placement Agent on the date that the Company closes on the Qualified Financing.
Appears in 1 contract
Samples: India Globalization Capital, Inc.
