Wanderport Corp (WDRP)

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I have to re read again because I dont remember seeing the patent used as collateral in the deal. Wasnt Tirex just leasing the technology to them ??. Tirex patent only have 3 years left, by the time that issue is resolved it will have expired long ago. My other question is, whos making the deal with the Italians for the plant ReGenesis or WDRP??.
Found this...

7.3 So long as Licensor shall retain control of the Licensed Patent and/or TCS System. Licensor nonetheless acknowledges that the Licensed Patent and/or TCS System is not assignable, can not be pledged as collateral or sold at any time without the written concurrence of Licensee.



7.4 In the event of any creditor(s) actions, as described below (whether voluntary or involuntary), all rights to the Licensed Patent and to the TCS System, shall thereupon vest in the Licensee and any and all rights of Licensor shall immediately cease, leaving the Licensor with no further rights whatsoever, all such rights becoming vested in Licensee:

a) Licensor becomes insolvent, declares bankruptcy, or fails to make any payment required by this Agreement within ninety (90) days of its due date; or

b) Licensor dissolves or attempts to dissolve either voluntarily or involuntarily; or

c) Licensor is unable to meet its current obligations, and remains unable to do so, for a period of ninety (90) days thereafter; or

d) state or federal regulatory actions (such as by the SEC) or· any other action by a third party that has jeopardized or shall jeopardize the value of the patent.