This very cloudy statement is what i have been waiting to be clarified
Particularly the Milestone Payments!
Benitec will work with NantWorks to finalize the terms of its scientific collaboration with a targeted date for execution of 27 January, 2017. Benitec expects to be in a position to release further details following execution of that agreement. As the terms of the scientific collaboration are subject to the execution of a definitive agreement, there can be no assurance that such an agreement will be entered into or as to what these terms will be. The sublicensing agreement is an exclusive royalty bearing license with related development milestone payments.
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Ann: CLOSING OF NANT SECOND TRANCHE PLACEMENT, page-20
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