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frogdreaming

06/22/07 11:32 AM

#65040 RE: chrisbaskett #65028

Chris,

For one thing it means that while we don't know what myriad of pumps will occur in the interim, we know what Stocky and W2P will be pumping in 2025.

regards,
frog
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worktoplay

06/23/07 12:50 PM

#65089 RE: chrisbaskett #65028

Chris...It's really very simple. To make this easy, simply open the link you provided, then do a "Find" on the word "term". You'll want to check the box for match exact word.

That will take you to three relevant paragraphs. One describes the Option itself. A second decribes the "Term" of the Agreement. And the third takes you to the reference you are asking about.

What you'll find is that the option only applies to SNP Intellectual Property developed during the seven year "term" of the agreement...which should expire Sept 19, 2007.

The 25 year provision only applies to SNP Intellectual Property developed during the "term", AND that has not been previously sold or partnered.

Later,
W2P