Titan Medical Inc (TMDIF)

[BIGKAHUNA57]

Hi Liv,

Just a point of clarification. MDT has exclusive rights to the IP that which they have licensed. It would appear that there is no limitation placed on that license, so they would keep it at the conclusion of the repayment of the loan. Part of the reasoning for exclusivity, IMO - would be so TMDI couldn't license it to another manufacturer, in a similar manner to what Microsoft did decades ago with MS-DOS. While there are redactions, I don't see anything that would lead me to think otherwise.

Regardless of MDT's exclusive license, the key is that TMDI still owns all of their intellectual property, and it goes to whomever may own TMDI in the future.

I enjoy your enthusiasm. It's hard not to get excited about our future, but it's still a ways off. Closer than where we were last year, but still unknown as to how much further to go.

Good luck to all. Regards,BK.