The clock started running on this deal several months back! Secondly Innova and Quantum are also partnering with the SEC registration. QTMM already has staff engaged in the process and we know two for sure who have substantial SEC reporting experience.
Here is what is attractive IMO!
Appointment. QMC hereby appoints Pasaca to act as a resell, distribute and act as an independent distributor of Quantum Dots and the QMC™ HealthID IP (the “Distribution Rights”) pursuant to this Agreement. Pasaca is authorized to assign and delegate the Distribution Rights (and the associated obligations) to certain of its subsidiaries and other of its designees (the “Designees”), and, for avoidance of doubt, the performance of obligations by a Designee shall be credited to the obligations of Pasaca in this Agreement. The Designees may be amended by written consent of QMC, which shall not be unreasonably withheld, conditioned or delayed, and such assignment and delegation shall be effective only after such Designee enters into this Agreement pursuant a joinder agreement acceptable to QMC. Subject to such joinder, Pasaca shall, absent the consent of QMC, be responsible for the performance of its Designees. Upon executing a joinder agreement, a Designee shall also be a Party to this Agreement to the extent provided in such joinder agreement.
We are moving at warp speed!
$5+
Here is what is attractive IMO!
Appointment. QMC hereby appoints Pasaca to act as a resell, distribute and act as an independent distributor of Quantum Dots and the QMC™ HealthID IP (the “Distribution Rights”) pursuant to this Agreement. Pasaca is authorized to assign and delegate the Distribution Rights (and the associated obligations) to certain of its subsidiaries and other of its designees (the “Designees”), and, for avoidance of doubt, the performance of obligations by a Designee shall be credited to the obligations of Pasaca in this Agreement. The Designees may be amended by written consent of QMC, which shall not be unreasonably withheld, conditioned or delayed, and such assignment and delegation shall be effective only after such Designee enters into this Agreement pursuant a joinder agreement acceptable to QMC. Subject to such joinder, Pasaca shall, absent the consent of QMC, be responsible for the performance of its Designees. Upon executing a joinder agreement, a Designee shall also be a Party to this Agreement to the extent provided in such joinder agreement.
We are moving at warp speed!
$5+
