Does anyone remember if the Recovery language below was standard language in the original ComAg? If not, why is it included now? Is it possible that Patriot discovered that DL had been negotiating (for himself) shares of corporate interest or patents? Could that have been part of the Apple deal or any other?
Licensing Program Services Agreement between Alliacense & Phoenix Digital Solutions (PDS)
| |
“Recovery” means the gross amount of all value received by PDS and PTSC and TPL…..
|
|
1.5.2.
|
Recovery also includes non-monetary, tangible consideration such as patents or shares of corporate interest. In the event of such Recovery, PDS and Alliacense shall in good faith negotiate, on a case-by-case basis, the appropriate basis for and amount of the Recovery, such as the monetary equivalent or the like and to assign a monetary present value to such non-monetary terms at the time of settlement. P.3
|
http://www.sec.gov/Archives/edgar/data/836564/000101968712002435/ptsc_8k-ex1007.htm
