Patriot Scientific

Read it again, LL. Did you not see the CAP of $1,000,000. So if PDS had $50 million in the bank, PDS would still only be obligated for a limit of $1 million. Since we don't know the percentage they are using it's impossible to know whether having $7 million in the bank gets TPL more funds. In addition we don't know whether that money is still with PDS. In addition, to me the item you highlighted looks like a prepayment arrangement so that TPL doesn't have to look for funds elsewhere to fund PDS licensing efforts going forward. In other it's more of a cash flow arrangement and not a "how much can I bill you" arrangement.