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Barnes & Noble, Inc. Message Board

  • schneckden schneckden Feb 5, 2013 9:46 AM Flag

    60 million a year from MSFT starts now hopefully !

    Revenue Share. Beginning on the Launch Date and through the end of the Term, NewCo and Microsoft will [***] Net Revenue. [***]. The sharing described in this Section 7.1 is implemented in Section 7.2.
    7.2 Advances; Revenue Share Service Fees.

    7.2.1 Quarterly Payments. Microsoft will make advance payments to NewCo of up to $[***] as follows, subject to deferral as provided for in Sections 7.2.3 and 7.5 (each, an “Advance” ):

    (a) $60,000,000 for the first Contract Year ( “Year 1” ), payable in equal quarterly installments at the beginning of each quarter of Year 1;

    (b) $60,000,000 for the second Contract Year ( “Year 2” ), payable in equal quarterly installments at the beginning of each quarter of Year 2;



    (c) $60,000,000 for the third Contract Year ( “Year 3” ), payable in equal quarterly installments at the beginning of each quarter of Year 3; and

    This is from the SEC filing back in June.

 
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