The original MOU provided a three-part License Fee which totaled six figures. Under that Agreement, the second portion was due upon launch. As Ed noted late in 2015, the Scope changed. It seems likely the expansion of the project would produce a different fee structure. We haven't been informed.
The original MOU expired February 2016 and was replaced by Exhibit 10.1 to the 8-K issued March 7, 2016.
KEEP IN MIND THE LICENSE AGREEMENT WITH THE SECOND AFRICA BANK HAS YET TO BE ANNOUNCED.
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