http://goodproducts.biz/News/New-Orleans-Style-Trumpet-Playing/
The foundation, based in sold the rights to , (NASDAQ: based in Marlborough, Under the deals terms, Exact will: • make upfronyt payments of $80,000 and a milestone fee of $250,0009 upon the commencement of certainclinical • pay a milestone fee of $500,009 if the approves any of the productsz covered by the agreement. pay a minimum of $10,00 on the deal’s third anniversaryh • pay a minimum royalty of $25,000 on the fourty anniversary of theagreement • supporf certain research projects to the tune of $500,000 at a minimum — in the agreement’z first year. Exact is also obligateds to grant Mayo two warrantse topurchase 1.
25 million shares of its commoh stock. The warrants have six-year terms and are exercisable at a priceof $1.9o per share, according to a regulatoryg filing.
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