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Re: Big daddy wags post# 65258

Saturday, 06/24/2017 2:31:38 PM

Saturday, June 24, 2017 2:31:38 PM

Post# of 85898
Please show us where this participle Alstom/Mantra agreement has reach expiration as per the terms or a renewal is required by any of the parties to keep the agreement in effect.

Duration and Termination of the Contract

9.1

This Agreement shall come into force upon signing by both Parties and, subject to section 9.2, shall remain valid for (five) 5 years or the completion of the last active Project, whichever last occurs. This Agreement may be extended at any time by the written agreement of both Parties.

9.2

On termination of a Project under this Agreement, both Parties undertake either to return or to demonstrably destroy all confidential information and data belonging to the other Party, which have been received during the period of the respective Project, provided, however, that the Parties may retain any Deliverables defined under the Special Terms and Conditions of a Project.

9.3

This Agreement may be terminated by either Party at any time upon three (3) months written notice.

9.4

Without prejudice to any other rights provided herein, either Party may terminate this Agreement by written notice to the other Party in the following cases:

insolvency, liquidation, commencement of insolvency or winding-up proceedings of either Party; or

either Party assigns or attempts to assign its rights or obligations under this Agreement or any part thereof to any other party (except as otherwise expressly provided under this Agreement) without the prior written consent of the other Party.
9.5

In the event of termination or expiration under this Agreement, Mantra shall immediately stop all work and provide Alstom with the latest drafts and completed versions of any Deliverables prepared by Mantra.

9.6

Upon early termination by Alstom, other than as a result of Mantra’s breach of this Agreement, Mantra shall be entitled to payments due for approved work completed on or before the date of termination and for which an acceptable invoice is submitted in accordance Article 8 of this Agreement.

9.7

The provisions of Articles 4, Error! Reference source not found., 6, 7, and 10 shall survive any expiration or termination of this Agreement. With respect to Article 5, Paragraphs 5.1 through 5.7 shall survive for a period of one (1) year after expiration or termination of this Agreement, and Articles 5.8 and 5.9 shall survive indefinitely



I see no where in the 10q where it states Alstom terminated this particulate contract, do you? It does clearly states "... expiry of our contract with Alstom, which was not renewed."

The above contract has not reached it terms of expiration has it?