The way I read this is that $15 million is the MIN
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Posted On: 02/02/2021 9:02:05 AM
The way I read this is that $15 million is the MINIMUM that QMC would receive over that period? Given the volumes we seen mentioned by Innova that could get interesting especially when approval by the U.S. happens-
"Quantum Materials Corp would receive cumulative gross royalties and/or gross sales, licensing or other revenues of NO LESS than $15,000,000, over the period including 2020 and continuing until twelve months after the Company has completed development of a functioning product integrating the QMC HealthID intellectual property and Innova Medical Group's products."
"Quantum Materials Corp would receive cumulative gross royalties and/or gross sales, licensing or other revenues of NO LESS than $15,000,000, over the period including 2020 and continuing until twelve months after the Company has completed development of a functioning product integrating the QMC HealthID intellectual property and Innova Medical Group's products."
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