| USP X,XXX,137 A/B/C |
| General Description: |
USP X,XXX,137 A/B/C Valve Seat Insert |
| Patent(s): |
USP X,XXX,137 and continuations, continuations-in-part and foreign counterparts |
| Field of Use: |
All |
| Restrictions: |
All secondary sales through IPXI |
| Issuer Right to Use: |
Yes including all subsidiaries |
| Unit Basis: |
Each ULR contract covers one automotive or light truck engine |
| Total Offered Qty: |
50 million license units offered in 10 unit lots |
| Term of License: |
Until consumed |
| Opening: |
Dutch Auction (50% minimum quantity & price) |
| Encumbrances: |
Third Party License(s) |
| IPXI Price Banding: |
+/- 20% |
| Amnesty: |
Full |
| Tranches |
| U137A: 10 million ULR contracts |
$0.50 per unit |
| U137B: 10 million ULR contracts |
$0.75 per unit |
| U137C: 30 million ULR contracts |
$1.00 per unit |
| Follow-on Offerings Through Term (2017) |
| 50 million ULR contracts each |
Deemed Market Price |
