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Message: Hey Daboss - Please comment

Hey Daboss - Please comment

posted on Oct 01, 2009 10:13PM

Could an Alternative Transaction be a buyout?

From the EDIG/Duane Morris Legal Agreement – March 23, 2007

Section 5a. – Miscellaneous.

The Company hereby grants Duane Morris a lien which attaches to all claims, causes of action, and recoveries by the Company, which lien shall secure all amounts payable to Duane Morris pursuant to this agreement or otherwise. Subject to any outstanding liens for financing, the Company’s obligations under the terms of this agreement, including but not limited to, Duane Morris’ right to 15% of the reasonable value of the Norris Patents in the event of an Alternative Transaction. The Company will cooperate in signing such documents as Duane Morris reasonably believes to be necessary to perfect its security in the Norris Patents

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