Replies to post #169639 on Lightwave Logic Inc (LWLG)

[Lewrock]

The $50,000 is non refundable! If they make their products with Perkinamine and cannot sell them, then they would still be required to pay the minimum royalty at the end of each contract year. If they can sell their products, then LW will receive a royalty above the minimum.
This is the contract language in the 10Q.