Greenshift Corporation (GERS)

[Dutch1]

The text published by Attis was: "The Company agreed to pay an earn-out based purchase price with a floor of $18 million."

When I google 'Earn-out based', the result is "Earnout or earn-out refers to a pricing structure in mergers and acquisitions where the sellers must "earn" part of the purchase price based on the performance of the business following the acquisition."

I guess that means they might get nothing more then the initial payment, if there is no money earned with the patents.

What does 'purchase price with a floor of' indicate? Does that mean, that's the least they will pay?