Extract to table
Pull the structured facts out of a document: parties, dates, amounts, obligations.
Extract to table / counterproposal-letter-htb-to-sc.docx
counterproposal-letter-htb-to-sc.docx
Parties
BENNINGTON LLP
Harkness LLP
Solstice Biomedical Devices Ltd
Keystone Valuation Advisors LLC
Georgia-Pacific Corp
United States Plywood Corp
Byrne LLP
Creston Perry LLP
Dates
May 28, 2025
May 22, 2025
May 12, 2025
March 17, 2025
May 9, 2024
December 6, 2024
May 5, 2025
September 30, 2025
June 22, 2035
September 15, 2036
Amounts
$31,800,000
$74,600,000
$8,750,000
$5,250,000
$3,500,000
$500,000
$1,800,000
$22.4
$24.2
$907,500
Obligations
Nothing in this letter shall be construed as an admission of fact, liability, or the merits of any claim or defense
Both tranches shall be deposited by wire transfer of immediately available funds into an escrow account maintained by an independent escrow agent
Funds deposited into escrow shall be released to Apex within three (3) business days of deposit, in accordance with an escrow agreement to be executed by the parties and Tidewater
In other words, neither the license nor the covenant shall become effective unless and until the Tranche 1 payment has been received by the escrow agent and released to Apex
No other deductions shall be permitted
Without limiting the generality of the foregoing, no deduction shall be permitted for marketing, promotional, administrative, or overhead expenses, and no deduction shall be permitted for intercompany transfers or sales between Solstice and any affiliate or subsidiary at prices that are less than arm's length