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Posted On: 10/28/2018 9:22:20 AM
Post# of 82687
Based on my limited understanding of contract law...
We should be able to see ALL sublicensing fees received (which is good)
1.2.3.) STI shall retain all sub-license fees received. STI’s right to retain all sub-license fees shall terminate upon final payment of the Asset Purchase Promissory Note (see paragraph 3.1.3, below) by CSI; thereafter, STI shall be obligated to pay CSI a license fee equal to fifteen percent (15%) for each GuardID or MobileTrust component sold or sub-licensed.
but only until they pay us the 9M and then we pay them a license fee smh
My final thought on this unless responded to is ...... this was a horrible deal for SFOR. We better start receiving big money ASAP because the longer this goes the likelihood is we just get 9 measly million dollars.
Cmon reversal and settlements because deals through ACS is moot IMO
We should be able to see ALL sublicensing fees received (which is good)
1.2.3.) STI shall retain all sub-license fees received. STI’s right to retain all sub-license fees shall terminate upon final payment of the Asset Purchase Promissory Note (see paragraph 3.1.3, below) by CSI; thereafter, STI shall be obligated to pay CSI a license fee equal to fifteen percent (15%) for each GuardID or MobileTrust component sold or sub-licensed.
but only until they pay us the 9M and then we pay them a license fee smh
My final thought on this unless responded to is ...... this was a horrible deal for SFOR. We better start receiving big money ASAP because the longer this goes the likelihood is we just get 9 measly million dollars.
Cmon reversal and settlements because deals through ACS is moot IMO
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