Dais Corporation (DLYT)

[Werbe]

Good eyes u have. Well it would be much much much more. We're talking about 450k due 2014. How it reads, I see 450 + Royalties @ 18% interest and on top of that, 25% interest in Soex Beijing subsidiary. Hard 2 say with royalties since its foreign. Could be huge company etc or not.

As a result of the above, we terminated the Soex Distribution Agreement. As provided in Section 14(e) of the Soex Distribution Agreement, the Company has the right to enforce any obligation due to us by Soex. As a result, Soex still must (a) pay the remaining $450,000 due under the Distribution Agreement and the amount of Royalties due, plus interest at 1.5% per month (18% per year) with interest accruing from the date that payment was due and (b) issue to us 25% of the equity of SOEX (Beijing) Environmental Protection Technology Company Limited. As provided in Section 14(b), neither us nor Soex shall be liable for compensation, reimbursement or damages due to loss of profits on sales or anticipated sales or losses due to expenditures, investments or commitments made or in connection with the establishment, development or maintenance of the business.