GREY:ISYRF - Post by User
Post by
stocktrader63on Mar 14, 2016 6:09pm
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Post# 24657537
Expecting a new larger commitment for second quarter on!,,
Expecting a new larger commitment for second quarter on!,,The arrangements provide for an amendment to a previously signed supply agreement that extends the purchase commitment by Stream TV from USD$3.0 million to USD$4.5 million, with products, services, or royalties to be purchased or to be generated on or before March 31, 2016. Stream TV has met the previous obligation of USD$3.0 million in order commitments. In addition, the secured convertible promissory note has been amended to remove the conversion feature and to extend the maturity date from December 31, 2015 to June 30, 2016.