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Re: Cheds post# 65306

Wednesday, 04/01/2015 12:49:02 AM

Wednesday, April 01, 2015 12:49:02 AM

Post# of 111920
It may have to do something with this (Section 8 paragraph o):

"The Buyer [Magna] shall receive 5% of gross profit under the assumption that the Company shall have gross profits of at least 60%. These payments shall be remitted within 15 business days of each quarterly filing. The Buyer shall receive these proceeds so long as the Buyer has any investment outstanding."

From the original Securities Purchase Agreement:
http://edgar.sec.gov/Archives/edgar/data/1315718/000147793214002342/vpor_ex901.htm
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Volume:
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Total Trades:
  • 1D
  • 1M
  • 3M
  • 6M
  • 1Y
  • 5Y
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