InterDigital Inc (IDCC)

[FISH21049]

mickeybritt: Look at it another way:

You want to borrow money from a bank to buy 2 cars (a 2000 Caddy (call it 2-G) and a 2005 Mercedes (Call it 3-G)

The bank would make you 2 loans for a term of 5 years with a renewal due in 5 years.

You tell the bank you only want 1 loan with 1 payment per year and at the end of the term, you tell the bank you want to give the 2000 Caddy (2-g) to your son and you want the title to give it to him.

The bank agrees, gets the 2 titles, you pay for 5 years, and at that time you met the terms of the agreement.

The bank says OK, you met your obligations under the contract and here is the title to the 2000 Caddy (2-G) and you can do whatever you want with it as they no longer have a loan or an interest in that car

The bank further says that they still have the title to the 2005 Mercedes (3-G) and if you want the title to that car, you renew a contract for a new term on the 2005 MERCEDES ONLY.

You don't renew for the Mercedes (3G); You don't get the title back to the Mercedes, and you go to court and we know the rest of the story.

The bank cannot claim anything on the 2000 caddy since it is no longer part of the loan or collateral.

I hope this makes it easier for you to comprehend!