other material
confidence high
sentiment neutral
materiality 0.50
Quantum Cyber amends IP license with BP United; retains $5M cash for manufacturing ramp-up
Quantum Cyber N.V.
- Amendment No. 1 modifies the May 12, 2026 IP License Agreement with BP United Inc.
- BP United will now provide manufacturing and consulting services instead of an exclusive supply agreement.
- $5M cash payment originally due to BP United is retained by Quantum Cyber for manufacturing ramp-up.
- Consideration Shares vest in four equal installments through September 30, 2027.
- All references to the Supply Agreement have been removed from the original agreement.