OK, great. This was an initial blocker for consideration. Having said that, we have been discussing internally and are wondering if Arcadia would be open to a joint 50/50 financing of the audit associated with this grant, as opposed to the full amount. We view this as more appropriate for incentive alignment providing joint skin in the game (not just up-front skin in the game, but post-completion incentive alignment), and further we would sweeten the deal by aligning on a performance basis such that:
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Milestone 1: First 1$ million in volume → 5,000 COW
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Milestones 2: First $25 million in volume → 30,000 COW
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Milestones 3: Additional $100 million in volume → 75,000 COW
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Milestones 4: Additional $250 million in volume → 150,000 COW
This is in alignment with the RFP for Volume Based Integration.
mfw