I tend to agree with your thinking about the validity of an agreement but I would disagree with the notion that there was no consideration given for what is effectively an option on what has the potential to be very lucrative to the IOC. Just because there is no mention of money doesn't mean there was nothing put forth. To my way of thinking mgmt did not wish to disclose it and perhaps did not consider it a 'material' amount subject to disclosure. We shall see in due course.
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