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Monday, November 24, 2014 10:09:43 PM
Effective May 24, 2013, we entered into an exclusive marketing agreement with Manhattan Scientifics, Inc. ("Manhattan”), pursuant to which we granted Manhattan a five-year exclusive right to seek to identify prospective licensees and strategic partners for the purpose of commercializing our dental technology, and to negotiate licenses to such technology; provided that no license shall be executed until approved by us. We agreed under the agreement to divide any proceeds realized from any commercialization of our dental technology under the agreement, with 70% of such proceeds to us and 30% to Manhattan. The parties also must pay their own expenses. The agreement may be terminated by mutual agreement of the parties at any time or by us, at any time, after two-years following the effective date of the agreement as provided in the agreement.
I COULD be wrong, but this looks like it fits the scenario if in fact it is SGLB's tech.
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