Extract to table
Pull the structured facts out of a document: parties, dates, amounts, obligations.
Extract to table / exclusivity-agreement.docx
exclusivity-agreement.docx
Parties
PINNACLE VENTURE FUND II LP
Pinnacle Capital Management LLC
Hargrove Securities LLC
Harkness LLP
Associates LLP
Ridgeline Ventures Fund III LP
Growth Partners Fund II LP
Brindoval Capital Group LLC
Dates
May 12, 2022
April 22, 2022
May 3, 2022
July 11, 2022
March 31, 2022
June 30, 2024
March 28, 2022
June 30, 2021
Amounts
$60,000,000
$10,000,000
$6,200,000
Obligations
NOW, THEREFORE, in consideration of the mutual covenants and agreements set forth herein, and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the Parties hereby agree as follows: SECTION 1: DEFINITIONS As used in this Agreement, the following terms shall have the meanings set forth below: 1
(the "Credit Facility"), which provides for a committed revolving credit line of Ten Million Dollars ($10,000,000), of which Six Million Two Hundred Thousand Dollars ($6,200,000) was drawn as of March 31, 2022, and which matures on June 30, 2024, and ordinary-course draws, repayments, and administrative activities thereunder (including any amendment or modification thereof that does not increase the aggregate commitment amount above Ten Million Dollars ($10,000,000)), shall not constitute an Alternative Transaction and shall not be restricted or prohibited by this Section 2
(ii) Communications between the Company and its existing board members — including Priya Dasgupta (designee of Ridgeline Ventures Fund III LP), Elliott Margolis (designee of Northgate Growth Partners Fund II LP), and Diana Chen (designee of Brindoval Capital Group LLC) — in their capacity as directors of the Company, shall not be restricted or prohibited by this Section 2
Without limiting the generality of the foregoing, the Company confirms that any preliminary discussions or processes conducted by or at the direction of Hargrove Securities LLC with respect to potential financing or strategic transactions involving the Company have been terminated as of the date hereof, and no further communications with any third parties in connection with such process shall be conducted during the Exclusivity Period
For the avoidance of doubt, the Company shall not be required to provide copies of any written proposals or offers received from third parties, but shall provide sufficient detail to enable the Investor to understand the nature and scope of the communication received
The NDA shall remain in full force and effect in accordance with its terms and is hereby incorporated by reference into this Agreement