- Break fee:
Primary Gold agrees to pay to Hanking Australia Investment a break fee of AUD400,000 if, among other things, a competing proposal of any kind is announced during the Exclusivity Period and, within 12 months of the date of the BIA, the third party who announced or made the competing proposal completes a competing proposal; or Hanking Australia Investment terminates the BIA in accordance with the terms thereof.
Why on earth would PGO agree to this clause?
PGO & Hanking: The Facts, page-2
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