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Extract to table / letter-fidelis-escrow-termination.docx
letter-fidelis-escrow-termination.docx
Parties
HARKNESS LLP
President Fidelis National Escrow Corp
Penterra Pharmaceuticals Corp
Fidelis National Escrow Corp
Cole LLP
Secretary Penterra Pharmaceuticals Corp
M. Burgess
Dates
October 1, 2024
June 10, 2024
September 30, 2024
December 10, 2024
Amounts
$900,000,000
$180,000,000
$2,500,000
$182,500,000
Obligations
Capitalized terms used but not otherwise defined in this letter shall have the meanings ascribed to them in the Escrow Agreement or, as applicable, in the SPA
Termination of the Escrow Agreement Section 9(b) of the Escrow Agreement provides that the Escrow Agreement shall terminate automatically upon the termination of the SPA in accordance with its terms, provided that the provisions of Sections 4 (Limitation of Liability), 5 (Indemnification of Escrow Agent), and 12 (Governing Law; Jurisdiction) of the Escrow Agreement shall survive any such termination
com With a copy (which shall not constitute notice) to Penterra's General Counsel: Thomas F