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Message: FROM e.DIGITAL and DUANE MORRIS contract
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Aug 16, 2009 12:21PM
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Aug 16, 2009 12:28PM

FROM e.DIGITAL and DUANE MORRIS contract

posted on Aug 17, 2009 12:01PM

In the event we are acquired or sold or elect to sell the covered patents or upon certain other corporate events or in the event we terminate the agreement for any reason, then Duane Morris shall be entitled to collect accrued costs and a fee equal to three times overall time and expenses accrued in connection with the agreement and a fee of 15% of a good faith estimate of the overall value of the covered patents. Duane Morris has a lien and a security interest in the covered patents to secure its obligations under the agreement. We have not recorded any liability for this contingent obligation.

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Aug 17, 2009 03:28PM
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Aug 18, 2009 08:29AM
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