Scepter Holdings Inc. (BRZL)

[packerfanbud]

So you choose to hold tight to that part of the LOI, but outright ignore the fact there is not a deadline??? Why is one absolute and the other immaterial?

7. Term, Termination of this Agreement and Return of Property. The Term of this Agreement shall be for a period of one (1) year (the “Term”); provided, however, if the Company has engaged a party introduced to the Company by Consultant for any reason under this Agreement, then the Term of the Agreement shall be extended until such relationship has ceased. Further, the Term shall be renewed automatically for one (1) year terms unless either party provides notice that it is terminated within the final thirty (30) days of the Term. Neither party may terminate this Agreement but for Cause. Cause is defined as any intentional act of fraud, embezzlement or theft. In the event that the Services have been attained during the Term or during the 24 month period following the Term, with a party introduced to the Company by the Consultant, then the Company shall pay the Consultant all compensation due under this agreement within five (5) business days of closing of the Services.

http://sec.gov/Archives/edgar/data/1420924/000114420410031685/v187346_ex99.htm