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Bedrocan Cannabis Corp. V.BED



TSXV:BED - Post by User

Post by HomerAndCompanyon Dec 19, 2014 8:59am
219 Views
Post# 23248108

Actually late yesterday: Anyway here is the rest of the it

Actually late yesterday: Anyway here is the rest of the it
Under the terms of the amended and restated license and distribution agreement between Bedrocan and Bedrocan BV, Bedrocan has the right to sub-license the product and trademark commercialization rights in South America for a term of up to 15 years, unless extended by mutual consent. Bedrocan has agreed to pay Bedrocan BV 50% of all sub-license revenues received by Bedrocan, and paid quarterly in arrears. Furthermore, Bedrocan and Bedrocan BV agree to share equally in all third party out-of-pocket costs in regards to generating any sub-license revenues under any sub-license agreement. All other material terms and conditions of the existing license agreement remain unchanged.
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