OPERATIONS AGREEMENT. Sequel shall on Closing enter into an operations agreement with LIVESTAR outlining standards and procedures by which Sequel will operate as a subsidiary of LIVESTAR and pursuant to which LIVESTAR shall be paid management fees for services provided to Sequel. LIVESTAR shall not be entitled to receive any management fees, however, until after Closing.
Appears in 2 contracts
Sources: Agreement and Plan of Acquisition (Livestar Entertainment Group Inc), Acquisition Agreement (Livestar Entertainment Group Inc)