Kraig Biocraft Laboratories Inc (KBLB)

[EMPATHY]

it would be a material event

It would be.
But....
In the actual agreement there is:

The working relationship can be terminated at any time by any Party following a consultation period of 120 (one hundred and twenty) calendar days or such period as agreed otherwise between the parties and thereafter giving 60 (sixty) calendar days written notice of termination to the other Party.

So it looks like Kings could say they want out and Kim could string it along for up to 6 months.
Oh well.
$KBLB