in looking at this again in totality of sec 8 "
Post# of 876
Posted On: 08/04/2015 3:41:03 PM
in looking at this again in totality of sec 8
"unless the parties hereto agree to extend such date in writing" may refer to the period of time PRIOR to June 30
meaning that at the time this was written they may have meant the parties may prior to june 30 agree to extend the closing date
when a lawyer etc writes, "if the Transaction is not closed by June 30, 2015"
in such a spelled out agreement as this one, he would want to add as they did that the parties may agree prior to june 30 to extend the closing date,
as they most likely did because both parties could probably see prior to june 30 that it would take longer for both parties to finish doing what they either wanted or needed to do- e.g.WOLV possibly hadnt finished paying off debt/ creditors and raising money for closing til the July 13 transactions noted in WOLVs latest filing
8.1
Termination . This Agreement may be terminated at any time prior to the Closing Date contemplated hereby by:
(a)
mutual agreement of Pubco and Priveco;
(b)
Pubco, if there has been a material breach by Priveco or the Selling Shareholder of any material representation, warranty, covenant or agreement set forth in this Agreement on the part of Priveco or the Selling Shareholder that is not cured, to the reasonable satisfaction of Pubco, within ten business days after notice of such breach is given by Pubco (except that no cure period will be provided for a breach by Priveco or the Selling Shareholder that by its nature cannot be cured);
(c)
Priveco, if there has been a material breach by Pubco of any material representation, warranty, covenant or agreement set forth in this Agreement on the part of Pubco that is not cured by the breaching party, to the reasonable satisfaction of Priveco, within ten business days after notice of such breach is given by Priveco (except that no cure period will be provided for a breach by Pubco that by its nature cannot be cured);
(d)
Pubco or Priveco, if the Transaction is not closed by June 30, 2015, unless the parties hereto agree to extend such date in writing; or
"unless the parties hereto agree to extend such date in writing" may refer to the period of time PRIOR to June 30
meaning that at the time this was written they may have meant the parties may prior to june 30 agree to extend the closing date
when a lawyer etc writes, "if the Transaction is not closed by June 30, 2015"
in such a spelled out agreement as this one, he would want to add as they did that the parties may agree prior to june 30 to extend the closing date,
as they most likely did because both parties could probably see prior to june 30 that it would take longer for both parties to finish doing what they either wanted or needed to do- e.g.WOLV possibly hadnt finished paying off debt/ creditors and raising money for closing til the July 13 transactions noted in WOLVs latest filing
8.1
Termination . This Agreement may be terminated at any time prior to the Closing Date contemplated hereby by:
(a)
mutual agreement of Pubco and Priveco;
(b)
Pubco, if there has been a material breach by Priveco or the Selling Shareholder of any material representation, warranty, covenant or agreement set forth in this Agreement on the part of Priveco or the Selling Shareholder that is not cured, to the reasonable satisfaction of Pubco, within ten business days after notice of such breach is given by Pubco (except that no cure period will be provided for a breach by Priveco or the Selling Shareholder that by its nature cannot be cured);
(c)
Priveco, if there has been a material breach by Pubco of any material representation, warranty, covenant or agreement set forth in this Agreement on the part of Pubco that is not cured by the breaching party, to the reasonable satisfaction of Priveco, within ten business days after notice of such breach is given by Priveco (except that no cure period will be provided for a breach by Pubco that by its nature cannot be cured);
(d)
Pubco or Priveco, if the Transaction is not closed by June 30, 2015, unless the parties hereto agree to extend such date in writing; or
(0)
(0)