Finjan Holdings Inc (FNJN)

[lbcb123]

The negative litigation event clause remained in the second preferred share agreement. It was only relevant to BC I and didn't kick in unless the award was reduced by more than 50%.

I believe the worst-case scenario currently being considered is to reduce the judgment by $12.2M which would remain well less than half of the $39.5M original amount.

I just read the agreement again (May 20, 2017 8-K) and didn't see anything that would negatively affect the agreement. There is a $6M treasury clause, but with $34M currently, they aren't going to burn through enough cash to worry about that one.