China Gate doesn't get license revenues (royalties).......
That was covered in the SPA. The inventor nor China Gate are owed anything from IPA or VSPC.
WHEREAS, Parent is a publicly traded company in energy and security business on the OTC Bulletin Board with the ticker symbol “VSPC”;
Parent is not obligated or under any liability to make payments by way of royalties, fees or otherwise to any owner, licensor of, other claimant to, or party to any option, license or agreement of any kind with respect to, any Parent Intellectual Property Rights except for commercially available software which Parent licenses on standard terms. (See IONFINITY and DMFCC license agreements)
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