Extract to table
Pull the structured facts out of a document: parties, dates, amounts, obligations.
Extract to table / engagement-letter-stonefield.docx
engagement-letter-stonefield.docx
Parties
HARKNESS LLP
Officer Stonefield Logistics Group Inc
Stonefield Logistics Group Inc
Stonefield Logistics Holdings LLC
Stonefield Freight Services LLC
Stonefield Last Mile Inc
Stonefield Warehousing LLC
Hargrove Advisory Group LLC
Dates
April 3, 2023
December 15, 2017
March 31, 2023
December 15, 2024
June 15, 2025
March 15, 2023
Amounts
$485
$50.0
$42.0
$285.0
$55.0
$140.0
$100,000
$25,000
$750,000
$5,000. 4.5
Obligations
This engagement shall be effective as of the date hereof, April 3, 2023
Upon execution of this Engagement Letter, the Company shall pay to the Firm a retainer in the amount of One Hundred Thousand Dollars ($100,000) (the "Retainer")
The Retainer shall be applied against fees and disbursements as they become due and payable
In the event that the balance of the Retainer is drawn below Twenty-Five Thousand Dollars ($25,000) at any time during the engagement, the Firm may request that the Company replenish the Retainer to its original amount, and the Company agrees to use commercially reasonable efforts to make such replenishment promptly upon request
Any unused balance of the Retainer remaining upon the conclusion or termination of this engagement shall be promptly returned to the Company
1 above, a success fee in the amount of Seven Hundred Fifty Thousand Dollars ($750,000) (the "Success Fee") shall be payable to the Firm upon the closing (the "Closing") of the Restructuring transactions contemplated by this engagement