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Posted On: 02/02/2021 5:15:26 PM
Post# of 22462
Its just a time limit on how long before Pasaca has to pony up if the $15 million guaranteed revenues are not achieved.
Example: If revenues are $15 million within one year, then there is no impact.
Example: If revenues are only $10 million after one year, then Pasaca advances QMC $5 million in royalties. Pasaca then retains all of their QD and/or app sales until they recoup the $5 million. Then future sales go to QMC.
Example: If revenues are $15 million within one year, then there is no impact.
Example: If revenues are only $10 million after one year, then Pasaca advances QMC $5 million in royalties. Pasaca then retains all of their QD and/or app sales until they recoup the $5 million. Then future sales go to QMC.
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