Wednesday, February 05, 2020 10:21:34 PM
5.5
“Right to Purchase. Upon expiration or termination of this Agreement for any reason, Eutectix shall have the option to purchase some or all of the Licensed Equipment at fair market value, less any amounts owed to Eutectix by Liquidmetal, except the equipment listed under Section 2.1(b) above. “
Interesting claus...this seems to imply more machines are coming. And it appears they will be in a sense leased to this company and not sold to them. So Eontec subsidiary provides them additional machines which there must be a separate lease agreement for, and we earn a 6% royalty. That’s not too bad.
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