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5.0. 6.0. EDSR 03-08-1999
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5.0. 6.0. EDSR 03-08-1999
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City Government
type
EDSR
date
3/8/1999
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LLC confirming that such information is confidential and proprietary. The <br /> • Company agrees and acknowledges that it will not be required by this <br /> Agreement to disclose to the EDA, Larry Hickman, and Genesis Portfolio <br /> Partners, LLC (and each neither desires access to or disclosure of), any trade <br /> secrets of the Company or any third party. <br /> B. Section 5A. shall not apply to any information: <br /> (i) Generally known in the trade or to the public <br /> through no fault of the EDA; or <br /> (ii) Disclosed to the EDA by any party having <br /> legitimate possession thereof and the unrestricted right to <br /> make such disclosure; or <br /> (iii) Hereafter published in any publication for public <br /> distribution or filed as public information with any <br /> governmental authority; or <br /> (iv) Required to be disclosed by applicable law or legal <br /> process with the exception of the Open Meeting Laws <br /> governing public boards and commissions; or <br /> (v) Within the EDA's legitimate possession prior to the <br /> Company's disclosure. <br /> 6. TERMS AND TERMINATION. <br /> • <br /> 6.1. Term. The term of this Agreement shall be for a period <br /> equal to the term of the Sublease attached herein as Exhibit A. Default or <br /> termination of the Sublease by EDA shall cause a repayment to Company of <br /> the stock issued to EDA proportionate to the remaining number of months <br /> left in the Term of such Sublease. Termination of the Sublease is identified <br /> within the Sublease, and shall be governed by the legal regulations of such <br /> Sublease. The Company agrees that no cash disbursement shall be made at <br /> any time to Company by the EDA due to default or termination under this <br /> clause. Either party may terminate this Agreement with or without cause by <br /> providing written notice to the other party ninety (90) days prior to <br /> termination. The provisions in this Agreement calling for performance by <br /> any party after termination shall continue in full force and effect. <br /> 6.2. Termination by the EDA for Cause. The EDA may <br /> immediately terminate this Agreement, without providing any prior notice to <br /> the Company, for cause, defined as follows: <br /> A. The Company materially breaches any of the terms or <br /> conditions of this Agreement, the Sublease, or, and any other <br /> agreement in connection with the subject matter hereof, if such <br /> breach continues for ten (10) days after the EDA has provided <br /> the Company with written notice of the breach; or <br />
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