HPQ royalties agreement only 10% not 50% at this point Pyr gets a 10% royalty of all the profits. They have the option to take a 50% stake in HPQ Nano. At this point I don't believe that they've taken the latter option yet so at this point only count on a 10 % stake of all HPQ profits
This Agreement includes $2.4MM for the sale of the intellectual property (IP) rights to the PUREVAP™ NSiR process, together with a 10 % royalty on the Client’s future sales (“Royalty”) (with set minimums). The IP sold relates exclusively to the manufacturing of nano silicon powders and wires by HPQ NANO. PyroGenesis will retain a royalty-free, exclusive, irrevocable, worldwide license to use the System for all other purposes. This Royalty stream can at any time be converted by PyroGenesis into a 50% ownership of the Client.