Kraig Biocraft Laboratories Inc (KBLB)

[arachnodude]

$250K wasn't just handed to KBLB without proof of production. That doesn't happen. Exhibit A is the summarized Contract to Produce...

Under the terms of this agreement, Kraig Labs granted the joint venture and the SpydaSilk brand an exclusive geographic license to all Kraig Lab technologies for the ASEAN region, in exchange for a 4 year firm commitment to purchase up to $32 million, with an additional projected purchase of $8 million, of Kraig Labs’ raw recombinant spider silk, with an initial payment of $250,000.

The initial payment of $250k up front, then the commitment to purchase up to $32M was given to M in exchange for that exclusive geographic license, along with the additional projected purchase to bring the total deal to $40M says proof of production is what was agreed to in order to commit the monies.

If that doesn't say it, then Kings Group CIO does:

Our agreement with Kraig Labs represents the first large-scale commitment to spider silk commercialization.