Replies to post #40768 on Kraig Biocraft Laboratories Inc (KBLB)

[meme4]

2% royatly is correct.i was just trying to get a % or share count.
thanks

[MU_Redskin1]

Romans, the University of Wyoming Foundation holds 17.5 mllion shares. I think Notre DAme holds the 2.2 millon ad 2% royalty ...

Red

[rayovac812]

http://www.sec.gov/Archives/edgar/data/1413119/000135448811004048/kblb_8k.htm

Item 1.01 Entry into a Material Definitive Agreement.

On October 28, 2011, Kraig Biocraft Laboratories, Inc., a Wyoming corporation (the “Company”) entered into a license agreement (the “Agreement”) with the University of Notre Dame. Under the Agreement, the Company received exclusive and non-exclusive rights to certain spider silk technologies including commercial rights with the right to sublicense such intellectual property.

In consideration of the licenses granted under the Agreement, the Company agreed to issue to the University of Notre Dame 2,200,000 shares of its common stock and to pay a royalty of 2% of net sales.