I asked ChatGPT to summarize the excerpt, and I think it's way clearer for the common mortal.

Manufacturing (Section 5.1)

• SPX is responsible for assembling 100G/200G and 400G Optical Engines using POET's Optical Interposer technology. This assembly is done solely for sales by SPX, adhering to the contract and relevant standards.

Sales and Marketing (Section 5.2)

• SPX earns revenue from selling:

  • 100G/200G Optical Engines globally.
  • 400G Optical Engines within the "China Territory" (PRC, Taiwan, Macao, Hong Kong).
  • 400G Optical Engines outside of the China Territory, but only to specific customers or distributors approved by POET.

• POET:

  • Can sell 400G Optical Engines outside the China Territory. For these sales, POET must purchase the engines exclusively from SPX at an agreed price.
  • In case customers outside the China Territory do not want to procure from the PRC, POET and SPX will collaborate to find a suitable manufacturing solution.

Supply (Section 5.3)

• SPX is required to purchase Optical Interposers exclusively from POET for both 100G/200G and 400G Optical Engines. If POET cannot supply, the board will decide on sourcing from a third party, with final approval by POET.

• SAIC (SPX's preferred supplier):

  • SPX should procure components like Lasers, PDs, and MPDs from SAIC at an agreed price, as long as SAIC maintains an adequate supply. If customers require sourcing from other suppliers, board approval is necessary.

Allocation Summary:

• POET earns money from selling Optical Interposers to SPX and from selling 400G Optical Engines outside the China Territory.
• SPX earns money from assembling and selling 100G/200G Optical Engines globally and 400G Optical Engines within the China Territory and to POET-approved customers outside the China Territory.