Liquidmetal Technologies Inc (LQMT)

[jrs5]

Directly from the PLA between LQMT & Eon:
"7.1. Term. The term of this Agreement commences on the Effective Date and shall continue in perpetuity unless the Parties mutually agree to terminate the Agreement or unless terminated earlier as set forth below."

The PLA lasts forever or until cancelled by either party.

The 5 years is the "Joint Development Period" not the PLA. This is where the companies work together to develop new materials (ie LM106C) to be used by both companies. And this can be renewed.

You should try actually reading the document before posting about it.