i think it is now safe to say, considering this.....
In consideration for the license, the Company, (TPID) agreed to pay Sure Trace:
- a royalty equal to 7.5% of all amounts received by the Company from the use of the licensed technology
- $75,000 per month, and
- the amounts Sure Trace has spent over the last 18 months in order to develop the licensed technology, up to a maximum of $600,000. This amount shall be paid in twelve equal installments beginning in April 2006.
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