Licence option with WD, page-17

Hi guys, IP and licensing are not my thing, all other things commercial in Construction, maybe.

So I have some questions from the below quote that I need clearing up:

It says in iii) (B) that the parties jointly own all IP jointly created under the JDA, each party has a licence to use the IP on a royalty free basis.

Two questions spring to mind here.

1. what was developed under the JDA:
- all the patents and IP since the JDA was signed 5 years ago in which case HGST has a licence to use all the IP royalty fee ( no payment, no fees payable to 4DS)
2. If they have this option, do they have to pay 4DS anything to use it when it's complete because they jointly own the IP developed at imec? Is the licence for a non exclusive licence for 20 years another mute point, because it would seem that this clause contradicts clause iv) below it because if they have have joint ownership of the IP, there is a royalty free right to use it and the licence becomes a non bargaining chip in the negotiation of fees?

If the above is in fact true, then HGST and WD have beautifully wrapped up 4DS in IP legal jargon that has ph$%ed 4DS's ability to extract the value everyone is talking about on this forum ( mostly ridiculously valued buyout outcomes).

Please clarify for me if the above is true or as I am thinking about this there is still the possible reality that has been mentioned on the Licence Option thread that WD may want exclusive access to this technology and IP and in order to do that it would make sense for them to takeover/buyout 4DS to have exclusive rights to the IP as the owner outright?

This question has troubled me before but given a thread has been created, i would be interested in knowing the thoughts from those IP legal eagles out there on this 4DS thread who could add value to the discussion.

I dont think today generated anywhere near the excitement that we all had hoped for, we now have a 46m share floor or ceiling on the share price for a while( at between 8 and 9 cents), depends on your point of view and what the chartists will tell us from reading the charts. I think I've said this before, ever since that unrealistic expectation in Sept last year where the first iteration was going to make us all rich, Mr Market simply doesn't understand or believe in our technology until the takeover/buyout offer sits on their face. Until then, we'll get some interest in our quality spec technology stock and knowledge and interest will grow as we get closer to the analysis of the Mb chip some time in 2020.( maybe a US and international marketing roadshow wouldn't go astray)

I have every intention of holding this stock both personally and in my SMSF to extract the full value of whatever 4DS develop over the coming year and beyond. I have the time, most wont except that time frame but that's what we've invested in.

Mr M.