Examples of ISAT in a sentence
ISAT provides its experience, world class advisors, additional intellectual properties, management expertise, etc.
RE@LITY focuses on eClinical validation services using its proprietary automation platform, ClinTest; and ISAT is a Business Development Company (“BDC”) as defined by the Securities & Exchange Commission (“SEC”), Investment Company Act of 1940.
If and only if this Agreement is terminated by ISAT without cause or by RE@LITY with cause prior to Registration, ISAT shall sell to RE@LITY 5,000,000 shares of RE@LITY common stock at a price of $0.0001 per share unless otherwise agreed to by the Parties hereto in writing.
No broker's or any other fee will be payable by RE@LITY to ISAT in connection with this Agreement or the transactions contemplated by this Agreement, or any action or omission related to this agreement, nor will any such fee be incurred as a result of any actions by RE@LITY or any of its shareholders.
In the event the transactions contemplated by this Agreement are not consummated, ISAT and RE@LITY agree to keep confidential any information disclosed to each other in connection with this transaction for a period of one (1) year from the date hereof; provided.
ISAT is focused on recruiting, mentoring, coaching and enhancing the investment opportunity for healthcare and technology based companies in the process of becoming public entities.
ISAT shall also, on a best efforts basis, assist RE@LITY with securing a pre – Registration private placement of approximately $500,000.00 into RE@LITY and with securing a post Registration investment of $1,000,000.00 into RE@LITY at a mutually agreeable time.
The boards of directors of ISAT and RE@LITY deem it to be in the best interest of ISAT and RE@LITY to proceed with these actions.
RE@LITY shall provide payment to ISAT for expenses, including, without limitation, legal, accounting, diligence and structural to be incurred as part of ISAT’s performance pursuant to this Agreement.
ISAT shall have the right to appoint one director for the board of directors of RE@LITY, with such director being Xxxxx Xxxxxxxx.