Veritone Inc (VERI)

[GBR]

In return for this payment, these clauses in the original agreement are now terminated.


During the period commencing on the Closing Date and ending on the earlier of an Early Trigger Event or the end of the 2022 Earn-Out Period, Buyer shall:

(i) cause the Company to maintain and operate its business in the ordinary course as a separate business unit of Buyer;

(ii) provide the funding subject to and in accordance with the Business Plan and Budget;

(v) not terminate without cause any of the Management Shareholders; and (vi) not take, or cause the Company to take, any action with the intention of avoiding the achievement of the targets for any Earn-Out Amount or reducing the Earn-Out Amount.

Looks like maybe something is going to happen with Pandologic