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mopar44o

10/10/17 7:04 PM

#30431 RE: illmatix0711 #30430

Under the terms of the 10-year agreement, we received a non-refundable upfront payment of $3 million in October 2016. In addition, the agreement also provides for a long-term profit sharing arrangement with respect to these licensed products (which includes up to $11 million in cost recovery payments that are payable on future sales of licensed product).

Wonder if they maybe have to hit a milestone for the cost recovery payments