Liquidmetal Technologies Inc (LQMT)

[The Paraclete]

Excellent point! You may be 100% correct. LM106c may be exempt from the provisions in the MTA. Thank you for pointing that out.

However, I’m not an attorney so I am not certain that LM106c, or any other new formulas are exempt, because of the wording in the MTA:

LMT shall not, and shall ensure that its direct and indirect subsidiaries shall not, directly, or indirectly through or in association with any person, business enterprise or otherwise, (i) develop, design, manufacture, sell, offer for sale or otherwise distribute or provide any (x) Consumer Electronic Products or (y) materials, components, manufacturing services or technology for use or integration therewith; (ii) own or acquire any interest in, manage, operate, control or participate in any business which is engaged in any of the activities described in preceding subsection (i); or (iii) act as a consultant or advisor, loan or otherwise provide funds or assistance of any sort, or sell or license intellectual property to any business enterprise which is or is attempting to engage in any of the activities listed in subsection (i) or (ii) hereof.

If there is an attorney in this forum, can you please comment on whether or not, in your opinion, LM106c is exempt from the provisions regarding the non-compete restrictions.