LOL Yah, I guess I shoulda made that clear who was on the short end of the stick. :-D
postyle Member Level Wednesday, 04/30/14 07:33:48 PM
Re: copperslash post# 52264
Post # of 52265
Perhaps you need a better reminder.
Quote:I did read JJ's post and it was a good reminder of the Nokia agreement.
I don't think TYCO is paying 100M, but if VRNG did get 100M out of the Nokia patents, that would be 22M and 27M to VRNG per the agreement and 51M to Nokia.
In your example, VRNG would actually get $22mm + $50.7mm, which totals $72.7 million. And Nokia would receive $27.3 million.
The 65% / 35% split is 65% to VRNG and the lower amount of 35% goes to NOK.
VRINGO/NOKIA PATENT PURCHASE AGREEMENT
4.3 Royalty.
(a) If and to the extent Gross Revenue exceed Twenty-Two Million US Dollars (USD22,000,000), Purchaser hereby agrees to pay to Nokia 35 % (thirty five per cent) of such excess Gross Revenue (the “Royalty”).
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