Extract to table
Pull the structured facts out of a document: parties, dates, amounts, obligations.
Extract to table / executed-term-sheet.docx
executed-term-sheet.docx
Parties
Bennington LLP
Solstice Biomedical Devices Ltd
Harkness LLP
Byrne LLP
Creston Perry LLP
Severin Partners LLC
Halcyon Partners LLC
Dates
June 10, 2025
June 16, 2025
November 14, 2017
April 30, 2019
March 2, 2021
May 9, 2024
June 14, 2024
December 6, 2024
March 17, 2025
May 5, 2025
Amounts
$8,750,000
$5,250,000
$3,500,000
$500,000
$1,800,000
$22.4
$24.2
$907,500
Obligations
The terms set forth herein shall be incorporated into a Definitive Settlement Agreement and Mutual Release (the "Definitive Agreement"), which the Parties shall negotiate in good faith and target for execution on or before June 16, 2025
Capitalized terms used but not otherwise defined herein shall have the meanings ascribed to them in Section 3 below
Definitions For purposes of this Term Sheet, the following terms shall have the meanings set forth below: 3
In no event shall any particular amount be deducted more than once in calculating Net Sales
Sales between or among the Solstice Parties or their affiliates shall not be included in Net Sales unless such entities are the end users of the Licensed Products; rather, Net Sales shall be determined based on the first arm's-length sale to an unaffiliated third party
Five Million Two Hundred Fifty Thousand United States Dollars ($5,250,000) shall be due and payable within ten (10) business days following execution of the Definitive Agreement