Pursuant to its joint venture with Technology Properties, entered into in June, 2005 in settlement of inventorship/ownership litigation between the parties, and in return for a 50-50 sharing of net licensing and enforcement revenues, Patriot Scientific granted Technology Properties the complete and exclusive right to enforce and license the subject patents, which are part of the MMP Portfolio jointly owned by Patriot Scientific, Technology Properties, and Mr. Moore.

Opinions, opinions, opinions.

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