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Re: None

Tuesday, 11/01/2016 6:56:55 AM

Tuesday, November 01, 2016 6:56:55 AM

Post# of 65488
He also states they have started to assert their contractual rights with Molecuvax. Here is a link to the contract that was previously posted to Edgar. These is just a snip. TSI is the licensor, Molecuvax the licensee:
Licensee agrees to pay a sign-up fee of $ 100,000.00.

(b) Licensee shall pay on earned royalty of Five Percent (5 %) of Licensee’s Gross Sales of Products and fifty percent (50%) of the sublicensing receipts.

(c) Licensee shall pay an annual minimum royalty fee of Thirty Thousand Dollars ($30,000.00) for each licensed Product.

https://www.sec.gov/Archives/edgar/data/1419051/000107878216002281/f8k020816_ex10z1.htm
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