Nevertheless, they do...
The partner will pay for the costs and any out of pocket expenses incurred by OBJ during the term of this agreement, in addition to licensing and royalty fees on products delivered during this first stage.
The partnering company will pay upfront and standstill license and royalty fees over the course of the period of the initial agreement
In addition OBJ has received, ahead of expectations, the first standstill and royalty fees for the second technology licensed to P&G, amounting to US$125,000.
It is also very pleasing that we have received the first standstill and royalty payments for the second technology ahead of our initial expectations. ”
________________
And that 125k is likely to earn the directors 5 million shares each.
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NEURIZON THERAPEUTICS LIMITED
Michael Thurn, CEO & MD
Michael Thurn
CEO & MD
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