4DS - Anything but Charting, page-22933

From the Prospectus, below. The licencing option is not at "low cost"; it is "lower" than ordinary commercial rates. Further, the obligation in relation to an acquisition or financing proposal of 4DS is nothing more than notifying HGST. None of the patents belong under the "jointly created" clause either.

In relation to intellectual property ownership:

(A) each party retains ownership of its background intellectual property (see
Section 11 for details of 4DS's patent portfolio); and

(B) the parties jointly own all intellectual property jointly created under the JDA,
and each party has a license to use such intellectual property on a royalty free
basis.

iv) 4DS grants an option (License Option) to HGST to take a non‐exclusive license for
HGST to use 4DS's technology for up to 20 years from exercise of the License Option.
Whilst the quantum of the license fees is confidential, the fees payable are lower than
Prospectus Page 94 the fees 4DS expects to be able to generate from licensing the technology to other
parties if the technology can be successfully commercialised.

v) 4DS is required to notify HGST of any acquisition proposal or financing proposal in
relation to 4DS.