Since you reference it, I pulled up the old filing to look. Interesting about UO!IP.
"In October, 2015 a forbearance agreement was reached between the Company and UO! IP of NC, LLC which forbore its enforcement of rights due to the existing defaults under the lease and amended the payment terms of the lease. The payment terms were amended to (i) require a payment equal to the greater of $1 million and 20% of gross proceeds received by the Company as the result of any funding transaction within five business days of receipt of funds by the Company; (ii) require payments of principal and interest equal to 20% of the gross proceeds received by the Company from the sale or license of any or all of the ChanBond intellectual property within five business days of receipt of funds by the Company; (iii) require a payment of principal and interest equal to 100% of the net proceeds received by the Company from the sale of all or substantially all of the equipment, the leases and the other business assets of the Company; (iv) extend the final payment date to October 31, 2017 at which time the then outstanding principal balance, together with all accrued but unpaid interest on the unpaid balance, shall be due and payable in full. "
