Extract to table
Pull the structured facts out of a document: parties, dates, amounts, obligations.
Extract to table / reactivation-vs-termination-strategy-memo.docx
reactivation-vs-termination-strategy-memo.docx
Parties
Vantage Mobility Systems Corp
M. Okafor
Harkness LLP
Redstone Whitaker LLP
M. Briscoe
Dates
September 29, 2023
June 21, 2022
July 1, 2023
August 3, 2023
August 3, 2024
June 21, 2024
December 21, 2023
June 20, 2027
July 15, 2022
June 20, 2023
Amounts
$12,320,000
$8,000,000
$2,400,000
$1,920,000
$7,680,000
$1,280,000
$4,000,000
$1,800,000
$2,500,000
$20,000,000
Obligations
Upon expiration of the 12-month dormancy cap, the parties must enter into mandatory renegotiation of the agreement terms, or the agreement is subject to termination
The $2,400,000 Year 2 Maintenance Fee dispute must be resolved as an entry price for reactivation
The dormancy extension defers the point at which VMS must make significant new expenditures under the MESLSA
Timing Considerations Option 3 involves several overlapping deadlines that must be carefully coordinated: The 12-month dormancy cap under Section 9