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Wednesday, November 07, 2018 11:15:05 AM
Fluid End Sales must meet internal revenue performance benchmarks as agreed between 10sion and Fluid End Sales and, additionally, be willing and able to complete the anticipated Rig transactions with Fluid End Sales' customers in the event 10sion is able to provide the transaction capital. Although there is the expectation by both parties that each will be successful in their respective performance requirements, there are no guarantees that the acquisition will be completed.
This tells me that even if both parties do what they promised, there's also a "willingness" aspect to things, which means that 665 is not subject to liability if they decide not to move forward, let's say in case they secure financing from another party.
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