Praxsyn Corp (PXYN)

[mkessler17]

Why does this matter? If NHS is not fulfilling Praxsyn's expectations of sales, Praxsyn can terminate this contract without cause! Praxsyn is not on the hook for $120,000,000 if NHS cannot perform! This is a dead issue!

The material terms of the Agreement include that: a) the term of the Agreement shall be for one year; b) either party may terminate the Agreement without cause upon giving the other party thirty (30) days’ written notice; c) in line with the previous compensation paid to NHS by Mesa, Mesa shall pay NHS monthly scheduled flat fee payments totaling $120,000,000 over the term of the Agreement for the Services; and d) the Script Processing Services Contract, dated December 4, 2014 and the Marketing Company Agreement, dated January 26, 2015, entered into by Mesa and NHS are now null and void and of no further effect.