Thursday, October 05, 2017 12:53:35 PM
https://ih.advfn.com/p.php?pid=nmona&article=75620136
The Funders shall receive from the proceeds of any litigation arising from the Litigation Enforcement of Patents (the “Claim Proceeds”), an amount equal to One Million, Five Hundred Thousand Dollars ($1,500,000) plus ten percent (10%) of any balance thereof until the Funders have received an aggregate of Seven Million, Five Hundred Thousand Dollars ($7,500,000) and thereafter, in perpetuity, Two and One Half percent (2.5%) of any and all additional Claim Proceeds.
$15 Million. For argument sake 50% to lawyers.
$7.5 Million - $1.5 Million = $5 Million
$5 Million * .1 = $500,000 for Lender
$4.5 Million for SFOR
For a complete payout of the 7.5 (plus a bit more):
$150 Million For argument sake 50% to lawyers.
$75 Million - $1.5 Million = $73 Million
$73 Million * .1 = $7.3 Million for Lender (actually 6 Million to finish the 7.5 loan. leaving $67,000,000
$67,000,000 * .025 = $1,675,000 for Lender
$65,325,000 for SFOR and future settlements would only be the 2.5%.
"It ain't what you don't know that gets you into trouble. It's what you know for sure that just ain't so." - Mark Twain
https://www.brainyquote.com/quotes/quotes/m/marktwain109624.html
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