Interestingly, Alliacense are contractually bound to use their best efforts in securing licenses. As PTSC have an undisputed 50% ownership of the MMP Portfolio, whatever is ongoing between Moore and TPL should have no impact as any licenses would be valid purely on PTSC's part ownership

It has been suggested that the above statement somehow implies that PTSC would attempt to license the MMP Portfolio outside of the Agreement. This is not correct. Alliacense could still continue to validly license the MMP Portfolio, on behalf of PTSC/TPL, as per the Agreement, regardless of the Moore/TPL spat, on the basis of PTSC's undisputed 50% rights.

I trust that this clarifies any uncertainties.

.

.

Be well