Patriot Scientific

Excerpt from Commercialization Agreement (AKA Master Agreement)

This was from the first agreement.   I cannot find the most recent 

one where the name changes to Phoenix Digital Solutions.  In further 

reading it looks to me that any business resolution would need 

to be approved by the PTSC board. 

 3.5  With the exception of the agreements and transactions 

entered into pursuant to the Project, P-Newco, Patriot and TPL 

shall not transfer, assign, license, or otherwise convey any interest 

in, or grant any security interest with respect to, any portion of 

their interest in the MSD Patents during the term of this 

Commercialization Agreement without the written consent of all     

parties hereto, other than to entities which are owned and 

controlled by the transferring Person and who assume and 

agree to pay and perform all of the transferor's obligations 

hereunder.