Extract to table

If neither party takes action to extend the Outside Date before it lapses, either party may have the right to terminate the Merger Agreement, and the consequences of such termination — including the potential applicability of termination fees — must be clearly communicated to the client

The Outside Date represents the contractual deadline by which the merger must be consummated

Action Required: Calderwood & Harkness must communicate clearly and promptly to Ardent that a decision regarding the Outside Date is required before October 25, 2022

If Ardent wishes to preserve the transaction, an extension agreement must be negotiated and executed with Coral Reef before that date

1001-00005, including both electronic and physical records, must be preserved in accordance with Calderwood & Harkness LLP's document retention policies and applicable litigation hold principles

All drafts of the Merger Agreement, ancillary transaction documents, proxy materials, SEC filings, correspondence, internal memoranda, and other work product must be maintained on the firm's document management system (Vireo Data Systems) under Matter No