Standstill Agreement Hong Kong

VANCOUVER, British Columbia, Dec 07, 2020 (GLOBE NEWSWIRE via COMTEX) — VANCOUVER, British Columbia, Dec. 07, 2020 (GLOBE NEWSWIRE) — Hunter Technology Corp. (TSX-V: HOC); OTCQB: HOILF; WKN: A2QEYH, Ü. FSE: RWPM, ISIN: CA4457371090 (“Hunter” or “the Company”) is pleased to announce that it has entered into an agreement with FinFabrik Limited of Hong Kong (“FinFabrik”) to make the necessary commercial efforts to negotiate in good faith a final agreement (a “Final Agreement”) for a business combination in which HunterFabrik would acquire. In other words, standstill agreements set a temporary legal “freeze” on trade relations or, at the very least, the parties to the agreed relationship are suspended. However, suspension should not be confused with a waiver of obligations. Nevertheless, the Court of Justice did not take into account the period covered by the agreement, but clarified that a privately agreed moratorium, already agreed after the expiry of the deadline, should never be considered a good reason to delay in the future. If a default event has already occurred under a loan agreement or is likely in the future due to liquidity restrictions for the company, the company and its creditors may enter into a standstill agreement to suspend either the creditor`s enforcement rights (if the delay has already occurred) or the payment obligations (if a delay occurs in the near future). . . .

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