Failure to Present. If ▇▇▇▇▇▇▇▇▇ fails to meet the average minimum of eight (8) such Formal Presentations per year, then it shall return to Fellows, an amount equal to $50,000 times the difference between eight and the number of actual Formal Presentations made during such period.
Appears in 2 contracts
Sources: Exploration Services Funding Agreement (Fellows Energy LTD), Exploration Services Funding Agreement (Fellows Energy LTD)