"Buyer acknowledges that if and when Peppermint Jim LLC. reaches the goals set forth in this agreement that Buyer will file a registration statement for an initial public offering when the sales threshold reaches S500,000 per annum (optional) or at $750,000 sales per annum (mandatory). The new board members selected by the Seller agree by taking their seats that they will not interfere negatively with the agreement and will approve all actions necessary for the completion of the initial public offering and all other related actions.
Seller agrees to make best efforts in assisting Buyer with securing funding for S-1 filing and with introduction or securing funding with regard to investment bankers or investment banking. Buyer will file the IPO and Seller will receive 20% of newly formed company formed from IPO."
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