Exhibit 3. Membrane Printing Equipment Acquisit
Post# of 22465
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Posted On: 04/30/2021 6:49:32 PM
Exhibit
3. Membrane Printing Equipment Acquisition and Lease. Substantially concurrently with the second Closing, Pasaca will acquire the membrane printing equipment identified in Appendix 3 hereto (the “Membrane Printing Equipment”). Pasaca and the Company will enter into a lease relating to the Membrane Printing Equipment on market terms for equipment of that type.
4. Management and Investment Banking Services Agreements. The Company agrees to pay to Pasaca or one or more of its management services subsidiaries a management services fee equal to $25,000 per month, payable monthly commencing April 1, 2021 and the Company agrees to sign and deliver Pasaca’s standard management and investment banking services agreements, engaging Pasaca or its designated subsidiaries as management and investment banking advisors. Upon the Company signing and delivering such agreement, the agreement shall supersede this Section 4.
10. Agreements Reaffirmed. Except as amended or supplemented hereby, the Transaction Documents entered into prior to the date hereof, including the SPA, the Original Notes, and the Distribution Agreement, are in full force and effect and are hereby reaffirmed and ratified by the Company and Pasaca.
3. Membrane Printing Equipment Acquisition and Lease. Substantially concurrently with the second Closing, Pasaca will acquire the membrane printing equipment identified in Appendix 3 hereto (the “Membrane Printing Equipment”). Pasaca and the Company will enter into a lease relating to the Membrane Printing Equipment on market terms for equipment of that type.
4. Management and Investment Banking Services Agreements. The Company agrees to pay to Pasaca or one or more of its management services subsidiaries a management services fee equal to $25,000 per month, payable monthly commencing April 1, 2021 and the Company agrees to sign and deliver Pasaca’s standard management and investment banking services agreements, engaging Pasaca or its designated subsidiaries as management and investment banking advisors. Upon the Company signing and delivering such agreement, the agreement shall supersede this Section 4.
10. Agreements Reaffirmed. Except as amended or supplemented hereby, the Transaction Documents entered into prior to the date hereof, including the SPA, the Original Notes, and the Distribution Agreement, are in full force and effect and are hereby reaffirmed and ratified by the Company and Pasaca.
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