Extract to table
Pull the structured facts out of a document: parties, dates, amounts, obligations.
Extract to table / term-sheet-issues-matrix.xlsx
term-sheet-issues-matrix.xlsx
Parties
Pinnacle Ridge Advisory LLC
Strauss LLP
Galloway Nash LLP
Dates
March 31, 2023
June 15, 2021
August 15, 2022
2021-06-15
2022-08-08
2022-08-15
2022-09-12
2022-09-30
2022-10-03
2022-10-05
Amounts
$500
$10,800,000
$900,000
$12,300,000
$1,025,000
$60,000,000
$10.8
$49.2
$2,700,000
$3,075,000
Obligations
| Meridian agrees to SOC 2 Type II (report issued by Galloway Nash LLP, period ending March 31, 2023) and ISO 27001
Quorum must obtain a lender consent letter or covenant waiver from Standish (Philip Yardley, Relationship Manager)
Consent must be obtained before MDLA execution
Must be resolved in conjunction with Issues #2 and #13
15 | IP Ownership — 'Sufficient Transformation' Standard | Meridian's proposed standard for determining when Derived Data may be commercialized to third parties, with Meridian having sole discretion | High | Wendy Schultz / Omar Siddiqui | If any transformation standard is required (Quorum's primary position is that none should be), it must be objective, measurable, and jointly agreed — not subject to Meridian's sole discretion
16 | Post-Termination — Data Return / Destruction | Obligations regarding Meridian raw data and Derived Data upon expiration or termination of the MDLA | Medium | Omar Siddiqui / Lisa Johannsen | Quorum agrees to return or destroy all Meridian raw data within 90 days of termination