Good glad you found that.
Knew there was an advance payment there.
What would be interesting (because the value has been $*** )
Is this
3.3 INITIAL FUNDING, EQUIPMENT, SOFTWARE. Following its receipt of the
Initial Payment, GlobeTel (or its affiliate) shall make a capital contribution
of US$50,000,000 (FIFTY MILLION US DOLLARS) either to JVCo or OpCo (in the
case of OpCo either directly or via JVCo), such funds to be applied to the
operating costs. Provided that RP timely complies with all its obligations
hereunder, GlobeTel (or its affiliate) shall transfer or procure the transfer
(by way of in-kind capital contribution or in other arrangements (not
involving significant expenditure by the JV Entities)) the equipment necessary
for the Project to OpCo (either directly or via the JVCo), the deemed value of
which equipment together with associated know-how and Intellectual Property,
the parties agree (and in no circumstances dispute), is at least US$***),
It may be the 'capital contribution' could be partly 'capital equipment' perhaps.
