Kraig Biocraft Laboratories Inc (KBLB)

[WebSlinger]

<< The Agreement has a 60-month term >>

Only 4 of those years are significant for deliveries (and therefore revenue).

Commit to the purchase of material produced by KBLB to the amount of USD$3,000,000 (USD Three Million) in the first year from this SPA, USD$5,000,000 (USD Five Million) in the second year from this SPA, USD$12,000,000 (USD Twelve Million) in the third year from this SPA, and a commitment of USD$12,000,000 (USD Twelve Million) and projected purchase of USD$20,000,000 (USD Twenty Million) in the fourth year of this SPA;

"SPA" = "Strategic Partnership Agreement (SPA) dated November 23, 2020"

"in the first year" = 23 Nov 2020 to 23 Nov 2021 = NOTHING DELIVERED

"in the second year" = 23 Nov 2021 to 23 Nov 2022 = NOTHING DELIVERED

"in the third year" = 23 Nov 2022 to 23 Nov 2023 = NOTHING DELIVERED

"in the fourth year" = 23 Nov 2023 to 23 Nov 2024 = (most likely) NOTHING DELIVERED

There is no "fifth year" mentioned in the SPA. There are no deliveries attached to any fifth year. It was probably added to protect the ASEAN license.

So the contract might be for 5 years, but only 4 years had deliveries attached. And none of those years (so far) have had any deliveries (or revenue).

But I am sure that you will now make up some more BS to defend KBLB.....

https://www.sec.gov/Archives/edgar/data/1413119/000149315221001811/ex10-1.htm