Compensation for Management Services. As compensation for its continuous acceptable management services as defined in the license Agreement, PCS shall pay CCI the following: a. Fees described in Exhibit "A". b. For PCS's authorized costs directly incurred by CCI on behalf of PCS or the Systems excluding capital expenditures and costs associated with CO's responsibilities, the slim of all authorized costs incurred, payable within ten (10) days of CO's presentation of invoice to Investor. c. As farther consideration for its services hereunder, PCS grants to CCI, subject to CCI's continuous, acceptable performance hereunder, a right of first refusal to purchase all of PCS's offered interest in the System or License or all of the offered direct or indirect ownership of PCS. CCI shall have the exclusive right to match any bona fide written offer to PCS from an unaffiliated third party to purchase the System or License or PCS (all as set forth herein), which is received prior to actual licensing or within five (5) years thereafter. Investor shall provide CCI with written notice of such offer within ten (10) days of receipt thereof, together with a copy of the offer and CCI's acceptance thereof Or agreement. At CCI's sole discretion, CCI may exercise his right of first refusal to purchase the offering within fifteen (15) days of receipt of written notice of such offer. Failure to provide CCI of written offer within such period shall release PCS from CCI's right of first refusal and allow Investor to proceed and accept the previous offer.
Appears in 2 contracts
Sources: Supply, Services and Management Agreement (Competitive Companies Inc), Supply, Services and Management Agreement (Third Enterprise Service Group Inc)