Worth pointing out! NASA has approved Nanobeak's sublicense of the License to Vantage Health. Any further sublicensing will require NASA's prior written approval.
We must pay certain royalties in connection with the License as set forth in the License Agreement. Royalties owed for 2014 have been paid in advance by Nanobeak, with the next payment due in 2015.
"""Royalties owed for 2014 have been paid in advance by Nanobeak, with the next payment due in 2015."""