Such Quarterly Payment shall be comprised of
100% of TPL’s share of the distribution of MMP Portfolio proceeds from PDS and 80% of
proceeds from the Core Flash and Fast Logic Portfolios, less operational and administrative
costs. TPL will continue to commercialize its CORE Flash and Fast Logic portfolios, but licenses
will, after Confirmation, be written by the IP Owners of the portfolios to whom the licenses will
be reconveyed as of the Effective Date.
What does TPL owe PTSC? Didn't we find TPL in breach of our agreement and we are owed money since we had to take over their montly costs?