Options Media Group Holdings, Inc. (OPMG)

[jimstr]

10k page 5
http://sec.gov/Archives/edgar/data/1413993/000135448811001601/opmg_10k.htm



Under the Agreement, the Company acquired an exclusive sublicense to distribute, sell and sublicense the Software in the United States and Canada and a non-exclusive license to distribute, sell and sublicense the Software over the Internet. During the term of the Agreement, PG agreed to pay Cellular a royalty on the renewals of the Software equal to 20% of the net profit for each renewal. Due to the Company’s failure to meet certain milestones involving the sale of Software licenses, the Agreement may be terminated by Cellular at any time.

Sasso just left the company and can cancel license agreement with OPMG and take it elsewhere