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Re: ITWOOD13 post# 43767

Saturday, 01/25/2014 3:25:38 PM

Saturday, January 25, 2014 3:25:38 PM

Post# of 239550
Have to agree with you, makes no sense for Apple to give exclusive
rights for commercialization if they don't have some ownership. imo


On August 5, 2010, Liquidmetal Technologies, Inc., a Delaware corporation (“Liquidmetal”), entered into a Master Transaction Agreement with Apple Inc., a California corporation (“Apple”), pursuant to which (i) Liquidmetal contributed substantially all of its intellectual property assets to a newly organized special-purpose, wholly-owned subsidiary (the “IP Company”), (ii) the IP Company granted to Apple a perpetual, worldwide, fully-paid, exclusive license to commercialize such intellectual property in the field of consumer electronic products in exchange for a license fee, and (iii) the IP Company granted back to Liquidmetal a perpetual, worldwide, fully-paid, exclusive license to commercialize such intellectual property in all other fields of use.

http://www.forbes.com/sites/greatspeculations/2012/06/01/apple-iphone-5-and-the-insanity-of-liquidmetal-speculation/2/
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