Common use of Authorization Period Clause in Contracts

Authorization Period. Greenfield's engagement under this Agreement shall become effective on the date of this Agreement and, unless extended by the Company and Greenfield in writing, shall expire one hundred eighty days (180 days) after the date of this Agreement or terminated earlier as provided for herein ("AUTHORIZATION PERIOD"). Greenfield shall be entitled to terminate its engagement hereunder at any time upon ten (10) days prior written notice to the Company. The Company agrees that neither it, its controlling equity holders, nor its management will initiate any discussions regarding a Financing or a Transaction with any prospective investor in Securities or any Person (as defined below) during the term of this Agreement; except through Greenfield. In the event the Company or the Company's management receive any inquiry regarding a Financing or a Transaction ON or after the effective date of this agreement, Greenfield will be promptly informed of such inquiry so that they can evaluate investor or Person party and its interest in a Financing or a Transaction; and assist the Company in any resulting negotiations. For purposes of this Agreement, "PERSON" shall mean any natural person, corporation, unincorporated organization, partnership, limited liability company, association, joint stock company, joint venture, trust or government or any agency or political subdivision of any government or any other entity.