Replies to post #64098 on High Wire Networks Inc (HWNI)

[kennypooh]

Looks like about $80,000 cdn unpaid when you add in 2015,16 and 17??

From current 10Q:

15. Commitments and Contingencies

(a) On September 2, 2009, the Company entered into an agreement with a company to acquire a worldwide, exclusive license for the Mixed Reactant Flow-By Fuel Cell technology. The term of the agreement is for twenty years or the expiry of the last patent licensed under the agreement, whichever is later. The Company agreed to pay the licensor the following license fees:

? an initial license fee of Cdn$10,000 payable in two installments: Cdn$5,000 upon execution of the agreement (paid) and Cdn$5,000 within thirty days of September 2, 2009 (paid);

? a further license fee of Cdn$15,000 (paid) to be paid within ninety days of September 2, 2009; and

? an annual license fee, payable annually on the anniversary of the date of the agreement as follows:

September 1, 2010 Cdn$10,000 (paid)
September 1, 2011 Cdn$20,000 (accrued)
September 1, 2012 Cdn$30,000(accrued)
September 1, 2013 Cdn$40,000 (accrued)
September 1, 2014 and each successive anniversary Cdn$50,000 (accrued)

https://www.sec.gov/Archives/edgar/data/1413891/000141540809000400/ex10-1.htm