Rezolute, Inc. Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

LICENSE AGREEMENTS (Tables)

LICENSE AGREEMENTS (Tables)

9 Months Ended

Mar. 31, 2020

Summary of the amounts payable under the amended License Agreement along with cash payments made.

On March 31, 2020, the parties entered into Amendment No. 3 to the License Agreement to extend the payment schedule for the remaining balance of approximately $2.6 million. The revised payment schedule provides for seven quarterly payments to be paid from March 31, 2020 through September 30, 2021. For the nine months ended March 31, 2020, presented below is a summary of the payment obligations under the amended License Agreement, cash payments made, and the impact of Amendment No. 3 on the payment obligations (in thousands):


	Balance								Balance
	June 30,		Cash Payments				Amendment		March 31,
Scheduled Payment Date	2019		Early		Scheduled		No. 3		2020
September 30, 2019	$	1,500	$	—	$	(1,500)	$	—	$	—
December 31, 2019		1,000		—		(1,000)		—		—
March 31, 2020		2,000		—		(400)		(1,600)		—
June 30, 2020		2,000		(1,391)		—		(209)		400
September 30, 2020		2,000		(2,000)		—		400		400
December 31, 2020		—		—		—		400		400
March 31, 2021		—		—		—		400		400
June 30, 2021		—		—		—		400		400
September 30, 2021		—		—		—		209		209

Total		8,500	$	(3,391)	$	(2,900)	$	—		2,209
Less long-term portion of payable		(2,000)								(609)

Current portion of payable	$	6,500							$	1,600