Ayniq,

It looks like the JV actually can sell 400G optical engines outside the China Territory, which is different than my original understanding at least.  They can exclusively sell within the China territory, but they are indeed also able to sell 400G products internationally with the conditions as given below in (b) (ii).

killer66

From the JV Contract document, page 15, Article 5, sub article 5.2, Sales and Marketing:

(a) The Company shall in accordance with the provisions of the Contract and the

Technology License Agreements

(b) sell 100G/200G Optical Engines anywhere in the world

(i) sell 400G Optical Engines in the PRC, Taiwan, Macao and Hong Kong (the “China Territory”); and

(ii) sell 400G Optical Engines outside of the China Territory, but limited only to specific named customers and/or distributors that are approved in writing in advance by POET, which approval shall not be unreasonably withheld or delayed; the initial list of such customers (the "Reserved Customers") being attached hereto as SCHEDULE N.

(c) POET may sell 400G Optical Engines outside of the China Territory. For such sales, POET shall exclusively procure the 400G Optical Engines from the Company at an agreed price. In case a customer for 400G Optical Engines located outside of the China Territory rejects procurement of 400G Optical Engines manufactured in the PRC the Parties shall discuss in good faith the most suitable solution for supplying such customer, including the incorporation of a manufacturing subsidiary of the Company outside of the PRC, supply by POET or a third party manufacturer.