Common use of Client Relations Clause in Contracts

Client Relations. Schedule 4.22 sets forth for the Globant Subsidiaries taken as a whole: (a) the twenty (20) largest clients (measured by fees generated) as at December 31, 2011 and the fees from each such client and from all clients (in the aggregate) for the calendar year ended December 31, 2011; and (b) the clients currently under contract projected to be the twenty (20) largest clients (measured by fees generated) based on the current profit plans of the Globant Subsidiaries for the calendar year ending December 31, 2012, together with the estimated fees for each client and all clients (in the aggregate) for such calendar year. The Company does not warrant that the estimated projected fees set forth on Schedule 4.22 will prove to be accurate; provided, however, the Company does represent that they were made in good faith and upon a reasonable basis. No client identified pursuant to clauses (a) or (b) above has advised the Company or a Globant Subsidiary in writing that it is terminating or considering terminating the handling of its business by a Globant Subsidiary, as a whole or in respect of any particular project or service; or (y) is planning to reduce its future spending with such Globant Subsidiary in any material manner, and to the Knowledge of the Company (without making any inquiry of any clients), no such client has orally advised the Company, a Globant Subsidiary or a Seller of any of the foregoing events.