Yes, something different, but not ambiguous.
EXHIBIT B comparison: They are what they are. Cut in stone, no interpretation necessary:
GCDX DEAL:
Royalty Payments.
1.1 Royalty Rate . GCDx will pay a royalty equal to $400 per DR-70 kit made, used or sold by GCDx in the Territory.
1.2 Minimum Royalties. GCDx shall pay RCPC an annual minimum royalty according to the following schedule:
Calendar Year 2013 $100,000
Calendar Year 2014 $300,000
Each Calendar Year thereafter $400,000
1.3 Minimum royalties for each Calendar Year will be paid on a quarterly basis beginning in Calendar Year 2014, and become due 35 days after the last day of each Calendar Quarter for that year.
UNI DEAL:
License Royalty Payments
1.1 License Royalty Fee
UNI shall pay a license royalty fee of one hundred thousand ($100,000) USD per year up to a total of five hundred thousand ($500,000) USD for the duration of the 5 year License Agreement.
1.2 License Royalty Payments Schedule
UNI shall pay RXPC an annual minimum license royalty fee according to the following schedule:
June 6th 2013 to June 6th 2014: $100,000
($20,000 upfront and $80,000 following tech transfer training and commercial-scale trial-run production )
June 6th 2014 to June 6th 2015: $100,000
June 6th 2015 to June 6th 2016: $100,000
June 6th 2016 to June 6th 2017: $100,000
June 6th 2017 to June 6th 2018: $100,000
Total five year licensing fee: $500,000
1.3 Licensing fees for each year shall be paid annually beginning in Calendar Year 2013, and become due June 1st each year of the duration of the agreement.
