Patriot currently holds a 50% joint ownership in Phoenix Digital Solutions, LLC, the entity that records the license revenues for the MMP Portfolio.

My assumption is that PDS only markets the MMP, otherwise, we would be getting half of the revenue of other license agreements if PDS was involved. Am I correct?

If PDS only markets the MMP then....add the commas

TPL must not market patent portfolios, in which PDS does not have an interest, with the MMP Patent Portfolio.

If PDS does not have an interest in any other patents except for the MMP then they should never have been using resources from PDS to negotiate other license agreements (Fast Logic) while negotiating business on behalf of the MMP