Thanks for this ..and I believe this is what u and others posted last week, but imo does not answer the question.

(a) is the possibility of PTSC or TPL losing % share of Phoenix in event of not paying monies in a timely manner.(ie. monies not paid lose percent of ownership.)

(B) is for bankrupcy or going out of business I believe.

The rest refers to rights reverting back to TPL and PTSC respectively, not one getting all as some have stated matter of factly, here.

What if a takeover company kept Phoenix intact? Or had permission from all parties as seems to be the need in other parts of master agreement? Unless someone could show me something I am missing I don't think these paragraphs answer...and certainly not that if someone took us over that patents would go to TPL. Tpl would then be crazy not to send a "partner" after us.