Hi @gg99rush,
Licenced from WARF, therefore understandable that they want their fair share. See here for more details:
https://hotcopper.com.au/threads/roll-out-the-news.3291326/page-132
Standard practice, usually involving a high upfront payment and a lower royalty or no/small upfront payment and instead a higher royalty rate:
https://www.asx.com.au/asxpdf/20131011/pdf/42jz0gs6xjkjqc.pdf
Cynata went with the second option, which allowed us to start off with a low number of shares on issue, which could be maintained to this day.
Going forward..., page-417
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