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Contract analysis / litigation-hold-ack-ramachandran.docx
litigation-hold-ack-ramachandran.docx
1012-00005 · 8 clauses
High · 1 Medium · 4 Standard · 0
I. ACKNOWLEDGMENT OF RECEIPT
I. ACKNOWLEDGMENT OF RECEIPT I, Priya Ramachandran, hereby acknowledge receipt of the Litigation Hold Memorandum dated September 2, 2022 (the "Memorandum" or "Litigation Hold Memorandum"), prepared and transmitted by Patrick Gallagher of Calderwood & Harkness LLP, counsel to Stonefield Logistics Group Inc. ("SLG" or "Stonefield" or the "Company"). I confirm that I received the Memorandum on or about September 3, 2022
II. IDENTIFICATION OF THE LITIGATION
II. IDENTIFICATION OF THE LITIGATION I understand that this Litigation Hold Acknowledgment relates to the pending litigation captioned Vantor Holdings Corp. v. Stonefield Logistics Group Inc., filed in the United States District Court for the Southern District of New York, bearing Case No. 22-cv-07841 (the "Litigation" or the "Action"). I understand that the Litigation involves breach-of-contract claims arising out o
III. UNDERSTANDING OF PRESERVATION OBLIGATIONS Medium
⚑ Liability cap to check against exposure
III. UNDERSTANDING OF PRESERVATION OBLIGATIONS I understand my obligation to preserve all documents, communications, and electronically stored information ("ESI") that may be relevant or potentially relevant to the above-referenced Litigation. I acknowledge that this preservation obligation is immediate, ongoing, and continuous in nature, and that it supersedes any routine document retention, archival, or destruction
IV. SCOPE OF RELEVANT MATERIALS Medium
⚑ Liability cap to check against exposure
IV. SCOPE OF RELEVANT MATERIALS I acknowledge that the categories of documents and ESI subject to the preservation obligation, as detailed in the September 2, 2022 Litigation Hold Memorandum, include all materials related to the following subjects, matters, and time periods: (a) The Transportation Services Agreement dated March 15, 2019 (Contract Reference No. SLG-VTS-2019-0315) between Stonefield Logistics Group Inc
V. SPECIFIC ACKNOWLEDGMENTS REGARDING CFO ROLE Medium
⚑ Liability cap to check against exposure
V. SPECIFIC ACKNOWLEDGMENTS REGARDING CFO ROLE I acknowledge that, in my capacity as Chief Financial Officer of Stonefield Logistics Group Inc., I may possess or have access to financial records, analyses, communications, and work product that are particularly relevant to the Litigation. Without limitation, I specifically acknowledge that the following categories of materials may be within my possession, custody, or
VI. COMMITMENT TO COMPLIANCE Medium
⚑ Liability cap to check against exposure
VI. COMMITMENT TO COMPLIANCE In light of the foregoing, I hereby commit to the following actions and undertakings in connection with the Litigation Hold: (a) Cessation of Destruction: I will immediately cease, and will refrain from undertaking, any destruction, deletion, alteration, modification, overwriting, or disposal of any documents or ESI falling within the scope of the Litigation Hold, whether in hard copy or
VII. ACKNOWLEDGMENT OF CONSEQUENCES High
⚑ Penalty / liquidated damages
VII. ACKNOWLEDGMENT OF CONSEQUENCES I understand that failure to comply with the obligations set forth in the Litigation Hold Memorandum and in this Acknowledgment may result in serious adverse consequences, including but not limited to: (a) Legal Consequences: Adverse legal consequences for Stonefield Logistics Group Inc. in the Litigation, including the potential imposition of sanctions by the Court, adverse infere
VIII. CONTACT INFORMATION FOR QUESTIONS
VIII. CONTACT INFORMATION FOR QUESTIONS I understand that any questions regarding the scope, application, or interpretation of the Litigation Hold, or regarding my obligations under this Acknowledgment, should be directed to one or both of the following individuals: Patrick Gallagher Lead Associate, Litigation (General) Calderwood & Harkness LLP 200 Park Avenue, 38th Floor New York, New York 10166 Telephone: (212) 55