Exit Terms. Access to the Cloud Services will be removed upon expiry of the Trial Term. Within 30 days after termination (the “Exit Period”):
Exit Terms. The spirit of this agreement, as previously stated, is to move quickly to the completion of the raising of finance under the Offering Memorandum, dated 1/st/ November 1999. Because of the level of expense incurred on the promoting parties this agreement is binding save for the acceptable `Exit Terms' listed below; [_] The required funding is not made available within the timeframe detailed in the Offering Memorandum, dated 8/th/ November 1999 [_] A period of 120 days has lapsed (from the date of signing this agreement) prior to completion of the Offering Memorandum In the case of failure to raise financing through the Offering Memorandum this contract ceases to have any value and no compensation is due to any party by the other. The signatories of this Memorandum of Agreement, (e-com Corp Intro MOA) hereby agree to voluntarily cooperate, according to their respective roles and competencies and to conclude the project described above in a positive and constructive manner for the benefit of all parties present and future. Further they agree to conduct themselves within the framework of the regulatory bodies where required. Each party agrees that this forms a binding contract on the terms set out herein agrees it. Signed Signed Signed /s/ X Xxxxxx /s/ Xxxx Xxxxxx -------------------- ---------------------- -------------------- Print Name Print Name Print Name Xxxxx Xxxx X X XXXXXX XXXX XXXXXX Company Secretary ____________________ _______________________ ____________________ On behalf of: On behalf of: Witness thereof: e-commerce group Inc. Greenfield Ventures Ltd. 000 Xxxxxxxxx Xxxxxxx Xxxxxxxxxxxxxxx XX XX00XX
Exit Terms. The spirit of this agreement, as previously stated, is to move quickly to the completion of the raising of finance under the Offering Memorandum, dated 1/st/ November 1999. Because of the level of expense incurred on the promoting parties this agreement is binding save for the acceptable 'Exit Terms' listed below; . The required funding is not made available within the timeframe detailed in the Offering Memorandum, dated 8/th/ November 1999 . A period of 120 days has lapsed (from the date of signing this agreement) prior to completion of the Offering Memorandum. In the case the of failure to raise financing through the Offering Memorandum this contract ceases to have any value and no compensation is due to any party by the other. Appendix Appendix R1 - Recruitment Contract Schedule Appendix R2 - Compensation Schedule The signatories of this Memorandum of Understanding, (e-com Recruitment MOA) hereby agree to voluntarily cooperate, according to their respective roles and competencies and to conclude the project described above in a positive and constructive manner for the benefit of all parties present and future. Further they agree to conduct themselves within the framework of the regulatory bodies where required. Each party agrees that this forms a binding contract on the terms set out herein agrees it.
