CenturyCom - Re PTSC must approve TPL's PR's as well
posted on
Dec 29, 2007 09:36AM
FYI - From the Master Agreement:
7.6 Public Announcements. From the date hereof until the earlier of the
Termination Date or the termination of the Commercialization Agreement, TPL and
Patriot agree to consult with each other before (a) issuing any press release,
(b) making any public statement with respect to this Agreement or the
transactions contemplated hereby (including, without limitation, with respect to
the consideration to be paid pursuant to this Agreement or any license agreement
pursuant to the Commercialization Agreement), or (c) making any SEC filing, and,
except as may be required by Applicable Law, will not issue any such press
release or public statement without the prior consent of the other party hereto.
In the event a party determines that a public statement is required by
Applicable Law, prior to making such statement or filing it shall provide to the
other party a copy of such proposed statement or filing at least two Business
Days prior to making such statement or filing and shall make such changes as may
be reasonably requested by the other party. With respect to any SEC filing
pursuant to Patriot's obligations under the Exchange Act or otherwise, Patriot
shall give TPL at least five Business Days advance notice of such filing (except
to the extent compliance with applicable law shall require a shorter period of
advance notice), and shall provide TPL a copy of the proposed filing for TPL's
review and comment, including all exhibits thereto, for purposes of determining
whether to make a confidential treatment request with respect to any exhibit
related to the transactions contemplated by this Agreement. Patriot agrees to
make all requests for confidential treatment reasonably requested by TPL and
consult with TPL regarding the requirement to make such a filing.
Notwithstanding the foregoing, the parties may, on a confidential basis, advise
and release information regarding the existence and content of this Agreement or
the transactions contemplated hereby to their Representatives in connection with
or related to the transactions contemplated by this Agreement.