APT MotoVox Group Inc. (MTVX)

[diannedawn]

Please show us where in the purchase agreement it says ANYTHING about it being capped at 2 million of gross revenue...LOL

Until $2Mil is reached

IT DOESN'T!!!
http://www.sec.gov/Archives/edgar/data/1486526/000135448814004594/mtvx_ex991.htm
They DO NOT SAY what kind of payment schedule there is for any "gross revenue" in excess of 2 million...
It would seem that they did not anticipate there BEING gross revenue in excess of 2 million...
OR THEY WOULD HAVE addressed that ...EH???
Not addressing gross revenue in excess of 2 Million, for purposes of the PAYMENT SCHEDULE;
does NOT negate the requirement to pay the sellers
"(i)
Buyer shall pay to Sellers 200% of the gross revenue derived from sales of Products, commencing from November 1, 2013 through and including September 15, 2014, subject to the payment schedule under subsections (iii) and (iv) below;

(ii)
Buyer shall pay Sellers 100% of the gross revenue derived from sales of Products between September 16, 2014 and December 31, 2014, subject to the payment schedule under subsections (iii) and (iv) below;"

THESE ARE JUST THE TERMS OF THE PAYMENT SCHEDULE!!!
(iii)
For the first $1,000,000 in gross revenue derived from sales of Products, Buyer shall pay to Sellers, on a quarterly basis, 25% of the gross profit from sales of each and every Product;
(iv)
For the second $1,000,000 in gross revenue derived from sales of Products, Buyer shall pay to Sellers, on a quarterly basis, 20% of the gross profit from sales of each and every Product, until the total payment to Sellers reach the combined gross revenue amount in subsections (i) and (ii) hereinabove; and"

WHERE IS THE LINE THAT SAYS (for example)
"Any gross revenue in excess of 2 million, generated between Sept 15th, 2014 and December 31, 2014, is belongs solely to MTVX"

Yeah...its NOT there!!!