Amtech....5 Jun 2018 17:56
�.to clarify your 3 month issue.:-
"the Company and the Counterparty will now work exclusively together for at least the next three months. The Company will receive a non-refundable cash payment of US$250,000 per month (US$750,000 in aggregate) for the initial three-month period of exclusivity with an additional US$250,000 per month for any extended period of exclusivity, such extension at the option of the Counterparty, up to a maximum of a further three months."
They will keep exclusivity for at least 3 months - does not suggest anywhere that they need three months to clarify matters. It just means that they have three months of exclusivity during which to ponder their options.
The company has not published any clauses within that initial or subsequent timescale though I expect there will be.