PATK » Topics » Termination of the 2007 Standby Purchase Agreement

This excerpt taken from the PATK 8-K filed Mar 13, 2008.
Termination of the 2007 Standby Purchase Agreement. Effective as of the date hereof, the 2007 Standby Purchase Agreement among the Company and Tontine is hereby terminated and cancelled, and is of no further force or effect, except as may be otherwise provided therein. For the avoidance of doubt, the parties agree that the provisions of Section 7(b) and Sections 9 through 15 of the 2007 Standby Purchase Agreement shall survive the termination of the 2007 Standby Purchase Agreement hereunder.

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