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Replies to post #103617 on Quantum Materials Corp. (fka QTMM)
TedJ
09/22/22 2:31 PM
#103618 RE: drugmanrx #103617
ARTICLE IV FINANCIAL TERMS Section 4.1 Upfront Fee. The Licensee shall pay the Licensor an upfront payment of $500,000.00 within [30] business days after the Effective Date and an additional $500,000.00 within 60 days after the effective date . Section 4.2 Purchase of Equipment. (a) Reactors. The Licensee shall purchase two (2) production reactors used for the production of Licensed Products for an aggregate purchase price of $[**Confidential Treatment Requested], payable as follows: (i) $[**Confidential Treatment Requested] shall be payable within 60 business days after the Effective Date; (ii) $[**Confidential Treatment Requested] shall be payable immediately upon delivery to the licensees designated freight forwarder; and (iii) $[**Confidential Treatment Requested] shall be payable when the reactors are received, setup and operational, as determined by the Licensor.