This Agreement will expire at the earlier of a closing or in sixty (60) days from the date of execution unless extended at any time by mutual consent of the parties.
NOT A DONE DEAL UNTIL ALL PARTIES CLOSE ON THE DEAL!
According to the agreement, Rico operates the company up to the date of closing!
Conduct of Business.
Until the Closing, PLKD and NGH shaH conduct their businesses in the ordinary course, consistent with the present conduct of business and their recent historical practices, with no dividend or stock distributions. Further, there shall be no material changes in either of NOH's or PLKD's salary or bonus plans prior to the Closing; it being understood PLKD shall not obligate PLKD in any manner that is outside the ordinary course of business; it being further understood that such obligations shall be assumed as provided above relating to the transfer of the legacy business.
$PLKD: ProfitHIGH: Yes Indeed! They have a UNIQUE BUSINESS MODEL, Which is HOT RIGHT NOW in the Telecommunications industry, with BIG CARRIERS trying to get on board.....
NGH does not have the need like Rico to sell shares. They are NOT IN THE SHARE SELLING BUSINESS (referencing the CEO's LinkedIn profile).