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Re: Whalatane post# 32511

Tuesday, 08/19/2014 7:00:41 AM

Tuesday, August 19, 2014 7:00:41 AM

Post# of 430692
Kiwi,

I could not say that Cap (10% of Net Revenue) will be same always, since it is [RESERVED] in the contract, but 100% sure:

1.) the Quarterly Amount depends on Net Revenue and not linked to cash balance
1.) they have a Cap during the Payment Period (and the Payment Period is ending when they fully paid the $150M)
1.a.) The Cap exists in and after the first Calendar Quarter of 2017 also
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