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appalled

11/21/13 2:35 PM

#9079 RE: Jerry70 #9075

It is not my opinion. Here is the exact language of the original contract:

"
Section 2.2 The Parties acknowledge and agree that the aggregate consideration payable for the License is US$7,000,000 (the "License Consideration"). In the event that the value of the Shares, based upon the average of the closing bid and ask price of the Shares on the OTCQB during the thirty (30) trading days prior to the 1st anniversary of this License Agreement, shall be less than the Valuation Price, and shall remain below the Valuation Price for ten (10) additional trading days, the Parties agree: (i) to renegotiate the terms of this License Agreement and the grant of License hereunder; and/or (ii) Licensee shall issue additional restricted Shares so that the Shares initially issued pursuant to this License Agreement, together with the additional Shares issued following the 1st anniversary of this License Agreement, shall equal the License Consideration."

http://yahoo.brand.edgar-online.com/displayfilinginfo.aspx?FilingID=8927494-5465-22767&type=sect&TabIndex=2&companyid=855318&ppu=%252fdefault.aspx%253fcik%253d1508470