FR EA

Extract to table

Pull the structured facts out of a document: parties, dates, amounts, obligations.

Extract to table / settlement-agreement-execution-version.docx
settlement-agreement-execution-version.docx · 1037-00004

Parties

Solstice Biomedical Devices Ltd
Harkness LLP
Bennington LLP
Creston Perry LLP
Byrne LLP

Dates

June 16, 2025
November 14, 2017
June 22, 2035
April 30, 2019
September 15, 2036
March 2, 2021
January 10, 2038
May 9, 2024
May 23, 2024
June 14, 2024

Amounts

€187.4
$8,750,000
$1,800,000
$500,000
$5,250,000
$3,500,000

Obligations

As used in this Agreement, the following terms shall have the meanings set forth below
1 shall have the meanings assigned to them elsewhere in this Agreement
For purposes of this Agreement, the first Calendar Quarter following the Effective Date shall include the period from the Effective Date through June 30, 2025, and the last Calendar Quarter shall include the period through the expiration of the last-to-expire Licensed Patent
Net Sales shall not include sales or transfers between or among Solstice and its Affiliates for resale, provided that Net Sales shall include the subsequent sale to an unaffiliated third party
Unless the context otherwise requires: (a) the headings of Articles and Sections contained in this Agreement are for convenience of reference only and shall not affect in any way the meaning or interpretation of this Agreement; (b) words importing the singular shall include the plural and vice versa, and words importing any gender shall include all genders; (c) the word "including" (and its grammatical variations) means "including, without limitation," and shall not be construed to limit any general statement that it follows to the specific or similar items or matters immediately following it; (d) references to "Sections," "Articles," and "Exhibits" are to Sections, Articles, and Exhibits of and to this Agreement unless the context otherwise requires; (e) references to any agreement, document, or instrument shall mean such agreement, document, or instrument as amended, supplemented, or modified from time to time in accordance with its terms and this Agreement; (f) references to any statute, rule, or regulation shall include all amendments thereto and all rules and regulations promulgated thereunder; and (g) references to "days" shall mean calendar days unless "business days" is expressly specified
Upon confirmation of the receipt of Tranche 1 into the escrow account maintained by the Escrow Agent, the Escrow Agent shall release the Tranche 1 funds to Apex by wire transfer to the bank account designated by Apex in the Escrow Agreement within three (3) business days of deposit