What changed in this filing

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Item 1. Business

2022-04-01 compared with 2021-04-15 · 932 added, 1003 removed, 80 unchanged (96% of the section changed)

are an intellectual property asset management company.

Our principal operations include the acquisition, licensing and enforcement

of intellectual property rights that are either owned or controlled by us or one of our wholly-owned subsidiaries.

own, control or manage twelve intellectual property portfolios, which principally consist of patent rights.

Our twelve intellectual

property portfolios include the portfolios which we acquired from Intellectual Ventures Assets 16, LLC (“Intellectual Ventures”)

and seven of its affiliates.

As part of our intellectual property asset management activities and in the ordinary course of our

business, it has been necessary for us or the intellectual property owner who we represent to initiate, and it is likely to continue

We are an intellectual property asset management

Our principal operations include the acquisition, licensing and enforcement of intellectual property rights that are either owned

or controlled by us or one of our wholly-owned subsidiaries.

We currently own, control or manage fifteen intellectual property portfolios,

which principally consist of patent rights.

As part of our intellectual property asset management activities and in the ordinary course

of our business, it has been necessary for us or the intellectual property owner who we represent to initiate, and it is likely to continue

to be necessary to initiate, patent infringement lawsuits and engage in patent infringement litigation.

We anticipate that our

primary source of revenue will come from the grant of licenses to use our intellectual property, including licenses granted as

part of the settlement of patent infringement lawsuits.

generate revenue from two sources:

Patent licensing

fees relating to our intellectual property portfolio, which includes fees from the licensing of our intellectual property,

primarily from litigation relating to enforcement of our intellectual property rights.

Licensed packaging

sales, which relate to the sale of licensed products, which have not constituted a significant source of revenue and was not

a source of revenue in 2020.

previously received management fees for managing litigation related to our intellectual property rights.

We do not currently receive

we do not have any agreements that provide for such payments and we cannot assure you that we will generate revenue

from such fees in the future.

Our agreement with QFL does not provide for any payment to us of management fees.

property monetization includes the generation of revenue and proceeds from the licensing of patents, patented technologies and

other intellectual property rights.

Patent litigation is often a necessary element of intellectual property monetization where

a patent owner, or a representative of the patent owner, seeks to protect its patent rights against the unlicensed manufacture,

sale, and use of the owner’s patent rights or products which incorporate the owner’s patent rights.

In general, we

seek to monetize the bundle of rights granted by the patents through structured licensing and when necessary enforcement of those

rights through litigation, although to date all of our patent license revenues have resulted from litigation.

intend to develop our business by acquiring intellectual property rights, either in the form of ownership of or an exclusive license

to the underlying intellectual property.

Our goal is to enter into agreements with inventors of innovative technologies for which

there may be a significant market for products which use or incorporate the intellectual property.

We seek to purchase all of,

or interests in, intellectual property in exchange for cash, securities of our company, the formation or a joint venture or separate

subsidiary in which the owner has an equity interest, and/or interests in the monetization of those assets.

Our revenue from this

aspect of our business can be generated through licensing and, when necessary, which is typically the case, litigation.

in due diligence and a principled risk underwriting process to evaluate the merits and potential value of any acquisition, partnership

or joint venture.

We seek to structure the terms of our acquisitions in a manner that will achieve the highest risk-adjusted returns

possible, in the context of our financial condition.

In connection with the acquisition of intellectual property portfolios,

we have granted the party providing the financing an interest in any recovery we have with respect to the intellectual property

purchased with the financing, and we expect that we will have to continue to grant such interests until and unless we have generated

sufficient cash from licensing our intellectual property to enable us to acquire additional intellectual property portfolios without

outside financing.

However, we cannot assure you that we will ever generate sufficient revenues to enable us to purchase additional

intellectual property without third-party financing.

employ a due diligence process before completing the acquisition of an intellectual property interest.

We begin with an investment

thesis supporting the potential transaction and then proceed to test the thesis through an examination of the critical drivers

of the value of the underlying intellectual property asset.

Such an examination focuses on areas such as title and inventorship

issues, the quality of the drafting and prosecution of the intellectual property assets, legal risks inherent in licensing programs

generally, the applicability of the invention to the relevant marketplace and other issues such as the effects of venue and other

procedural issues.

However, our financial position may affect our ability to conduct adequate due diligence with respect to intellectual

property rights.

This due diligence effort is conducted by our chief executive officer.

is frequently necessary to commence litigation in order to obtain a recovery for past infringement of, or to license the use of,

our intellectual property rights.

Intellectual property litigation is very expensive, with no certainty of any recovery.

extent possible we seek to engage counsel on a contingent fee or partial contingent fee basis, which significantly reduces our

litigation cost, but which also reduces the value of the recovery to us.

We do not have the resources to enable us to fund the

cost of litigation.

To the extent that we cannot fund litigation ourselves, we may enter into an agreement with a third party,

which may be the patent owner or the former patent owner who transferred the patent rights to us, or an independent third party.

In view of our limited cash and our working capital deficiency, we are not able to institute any monetization program that may

require litigation unless we engage counsel on a fully contingent basis or we obtain funding from third party funding sources.

In these cases, counsel may be afforded a greater participation in the recovery and the third party that funds the litigation

would be entitled to participate in any recovery.

forth below is a discussion of recent agreements which we entered into with QFL to provide us with a financing facility, funds

to make a payment due to Intellectual Partners and for working capital and an agreement with Intellectual Partners to restructure

our loan agreement and related agreements.

The agreement with Intellectual Partners restated our agreements with United Wireless

Holdings, Inc.

(“United Wireless”) which had been assigned to Intellectual Partners, an affiliate of United Wireless.

The descriptions below and elsewhere in this Form 10-K relating to our agreements with QFL and Intelligent Partners are summaries

only and are qualified in their entirety by reference to those agreements which are filed as exhibits to this Form 10-K

of Agreements with QPRC Finance LLC

February 22, 2021, we entered into a series of agreements, all dated February 19, 2021,with QFL, including a prepaid forward purchase

agreement (the “Purchase Agreement”), a security agreement (the “Security Agreement”), a subsidiary security

agreement (the “Subsidiary Security Agreement”), a subsidiary guaranty (the “Subsidiary Guarantee”), a

warrant issue agreement (the “Warrant Issue Agreement”), a registration rights agreement (the “Registration

Rights Agreement”) and a board observation rights agreement (the “Board Observation Rights Agreement”

with the Security Agreement, the Subsidiary Guaranty, the Subsidiary Security Agreement, Warrant Issuance Agreement, Registration

Rights Agreement and the Purchase Agreement, the “Investment Documents”) pursuant to which, at the closing held contemporaneously

with the execution of the agreements:

to the Purchase Agreement, QFL agreed to make available to us a financing facility of:

(a) up to $25,000,000 for the acquisition

of mutually agreed patent rights that we intend to monetize;

We anticipate that our primary

source of revenue will come from the grant of licenses to use our intellectual property, including primarily licenses granted as part

of the settlement of patent infringement lawsuits.

Intellectual property monetization includes the

generation of revenue and proceeds from the licensing of patents, patented technologies and other intellectual property rights.

litigation is often, and for us has been, a necessary element of intellectual property monetization where a patent owner, or a representative

of the patent owner, seeks to protect its patent rights against the unlicensed manufacture, sale, and use of the owner’s patent

rights or products which incorporate the owner’s patent rights.

In general, we seek to monetize the bundle of rights granted by

the patents through structured licensing and when necessary enforcement of those rights through litigation, although to date all of our

patent license revenues have resulted from litigation.

To date all of our revenue from the licensing of our patents has resulted from

litigation commenced by us.

We intend to develop our business by acquiring

intellectual property rights, either in the form of ownership of or an exclusive license to the underlying intellectual property.

goal is to enter into agreements with inventors of innovative technologies for which there may be a significant market for products which

use or incorporate the intellectual property.

We seek to purchase all of, or interests in, intellectual property in exchange for cash,

securities of our company, the formation or a joint venture or separate subsidiary in which the owner has an equity interest, and/or interests

in the monetization of those assets.

Our revenue from this aspect of our business can be generated through licensing and, when necessary,

which is typically the case, litigation.

We engage in due diligence and a principled risk underwriting process to evaluate the merits

and potential value of any acquisition, partnership or joint venture.

We seek to structure the terms of our acquisitions in a manner that

will achieve the highest risk-adjusted returns possible, in the context of our financial condition.

In connection with the acquisition

of intellectual property portfolios, we have granted the party providing the financing an interest in any recovery we have with respect

to the intellectual property purchased with the financing, and we expect that we will have to continue to grant such interests until and

unless we have generated sufficient cash from licensing our intellectual property to enable us to acquire additional intellectual property

portfolios without outside financing.

However, we cannot assure you that we will ever generate sufficient revenues to enable us to purchase

additional intellectual property without third-party financing.

We employ a due diligence process before completing

the acquisition of an intellectual property interest.

We begin with an investment thesis supporting the potential transaction and then

proceed to test the thesis through an examination of the critical drivers of the value of the underlying intellectual property asset.

Such an examination focuses on areas such as title and inventorship issues, the quality of the drafting and prosecution of the intellectual

property assets, legal risks inherent in licensing programs generally, the applicability of the invention to the relevant marketplace

and other issues such as the effects of venue and other procedural issues.

If we require financing to acquire intellectual property, we

will have to satisfy our financing source, which may by QFL, that we have the ability to monetize the intellectual property.

our financial position may affect our ability to conduct adequate due diligence with respect to intellectual property rights or to acquire

valuable intellectual property.

This due diligence effort is conducted by our chief executive officer, who is our only full-time

It has been necessary to commence litigation in

order to obtain a recovery for past infringement of, or to license the use of, our intellectual property rights.

Intellectual property

litigation is very expensive, with no certainty of any recovery.

To the extent possible we seek to engage counsel on a contingent fee

or partial contingent fee basis, which significantly reduces our litigation cost, but which also reduces the value of the recovery to

We do not have the resources to enable us to fund the cost of litigation.

To the extent that we cannot secure counsel on a contingent

basis and cannot fund litigation ourselves, which, considering our financial position, is likely to be the case, we may enter into an

agreement with a third party, which may be an independent third party, such as QFL, to finance the cost of litigation.

In view of our

limited cash and our working capital deficiency, we are not able to institute any monetization program that may require litigation unless

we engage counsel on a fully contingent basis or we obtain funding from third party funding sources.

In these cases, counsel may be afforded

a greater participation in the recovery and the third party that funds the litigation would be entitled to participate in any recovery.

Agreements with QFL and Intelligent Partners

Set forth below is a discussion of agreements which we entered into

in February 2021with QFL to provide us with a financing facility, funds to make a payment due to Intelligent Partners and for working

capital and an agreement with Intelligent Partners to restructure our loan agreement and related agreements.

The agreement with Intelligent

Partners restated our agreements with United Wireless Holdings, Inc.

(“United Wireless”) which had been assigned to Intelligent

Partners, an affiliate of United Wireless.

The descriptions below and elsewhere in this Form 10-K relating to our agreements with QFL

and Intelligent Partners are summaries only and are qualified in their entirety by reference to those agreements which were filed as exhibits

to this Form 10-K.

Summary of Agreements with QFL

On February 22, 2021, we entered into a series

of agreements which we entered into in February 2021 with QFL, including a prepaid forward purchase agreement (the “Purchase Agreement”),

a security agreement (the “Security Agreement”), a subsidiary security agreement (the “Subsidiary Security Agreement”),

a subsidiary guaranty (the “Subsidiary Guarantee”), a warrant issue agreement (the “Warrant Issue Agreement”),

a registration rights agreement (the “Registration Rights Agreement”) and a board observation rights agreement (the “Board

Observation Rights Agreement” together with the Security Agreement, the Subsidiary Guaranty, the Subsidiary Security Agreement,

Warrant Issuance Agreement, Registration Rights Agreement and the Purchase Agreement, the “Investment Documents”) pursuant

to which, at the closing held contemporaneously with the execution of the agreements:

Pursuant to the Purchase Agreement, QFL agreed to make available to us a financing facility of:

(a) up to $25,000,000 for the acquisition of mutually agreed patent rights that we intend to monetize;

(b) up to $2,000,000 for operating expenses;

and (iii) $1,750,000

to fund the cash payment portion of the restructure of our obligations to Intelligent Partners.

In return we transferred to QFL

a right to receive a portion of net proceeds generated from the monetization of those patents.

The terms of the Purchase Agreement

are described under “Purchase Agreement.”

used $1,750,000 of proceeds from the QFL financing as the cash payment portion of the restructure of our obligations to Intelligent

Partners as transferee of United Wireless Holdings, Inc.

(“United Wireless”) pursuant to a restructure agreement (the

“Restructure Agreement”) between us and the Company and Intelligent Partners executed contemporaneously with the closing

of the Investment Documents.

and (iii) $1,750,000 to fund the cash payment portion of the restructure of our obligations to Intelligent Partners.

In return we transferred to QFL a right to receive a portion of net proceeds generated from the monetization of those patents.

During 2021 we requested and received $1,000,000 for working capital.

The terms of the Purchase Agreement are described under “Purchase Agreement.”

We used $1,750,000 of proceeds from the QFL financing as the cash payment portion of the restructure of our obligations to Intelligent Partners as transferee of United Wireless pursuant to a restructure agreement (the “Restructure Agreement”) between us and Intelligent Partners executed contemporaneously with the closing of the Investment Documents with QFL.

The payment was made directly from QFL to Intelligent Partners.

The terms of the Restructure Agreement

are described under “Restructure Agreement.”

We also requested and received in March 2021 $400,000 for working capital.

(iii) Pursuant

to the Security Agreement, our obligations under the Purchase Agreement with QFL are secured by:

(a) the proceeds (as defined

in the Purchase Agreement);

The terms of the Restructure Agreement are described under “Restructure Agreement.”

Pursuant to the Security Agreement, our obligations under the Purchase Agreement with QFL are secured by:

(a) the proceeds (as defined in the Purchase Agreement);

(b) the patents (as defined in the Purchase Agreement;

arising from or related to the foregoing (a) and (b);

and (d) proceeds (including, without limitation, cash proceeds and insurance

proceeds) and products of the foregoing (a)-(c).

(iv) Pursuant

to the Subsidiary Guaranty, eight of our subsidiaries –

Quest Licensing Corporation (“QLC”), Quest NetTech Corporation

(“NetTech”), Mariner IC Inc.

(“Mariner”), Semcon IP Inc.

(“Semcon”), IC Kinetics Inc.

(“IC”),

CXT Systems Inc.

(“CXT”), M-Red Inc.

(“MRED”), and Audio Messaging Inc.(“AMI”), collectively,

the “Subsidiary Guarantors”) guaranteed our obligations to QFL under the Purchase Agreement.

to the Subsidiary Security Agreement, the Subsidiary Guarantors grant QFL a security interest in the proceeds from the future

monetization of their respective patent portfolios.

(vi) Pursuant

to the Warrant Issue Agreement, we granted QFL ten-year warrants to purchase a total of up to 96,246,246 shares of our common

stock, with an exercise price of $0.0054 per share which may be exercised from February 19, 2021 through February 18, 2031on a

cash or cashless basis.

Exercisability of the Warrant is limited if, upon exercise, the holder would beneficially own more than

4.99% (the “Maximum Percentage”) of our common stock, except that by written notice to us, the holder may change the

Maximum Percentage to any other percentage not in excess of 9.99% provided any such change will not be effective until the 61 st

day following notice to us.

The Warrant also contains certain minimum ownership percentage antidilution rights pursuant

to which the aggregate number of shares of common stock purchasable upon the initial exercise of the Warrant shall not be less

than 10% of the aggregate number of outstanding shares of capital stock of the Company (determined on a fully diluted basis).

A portion of any gain from sale of the shares, net of taxes and costs of exercise, realized prior to the completion of all monetization

activities shall be credited against the total return due to QFL pursuant to the Purchase Agreement.

agreed to take all commercially reasonable steps necessary to regain compliance with the OTCQB eligibility standards as soon as

practicable, but in no event later than 12 months from the closing date.

granted QFL certain registration rights with respect to the 96,246,246 shares of common stock issuable upon exercise of the warrant.

(ix) Commencing

six months from the closing date, if the shares owned by QFL cannot be sold pursuant to a registration statement and cannot be

sold pursuant to Rule 144 without the Company being in compliance with the current public information requirements of Rule 144,

if the Company is not in compliance with the current public information requirements, the Company is required to pay damages to

to the Board Observation Rights Agreement, until the later of the date on which QFL or its affiliates (i) have received the entirety

of their Investment Return (as defined in Purchase Agreement), and (ii) no longer hold any Securities (the “

Period ”), we granted QFL the right, exercisable at any time during the Observation Period, to appoint a representative

to attend meetings (including, without limitation, telephonic or other electronic meetings) of the Board or any committee thereof,

including executive sessions, in an observer capacity.

to the Purchase Agreement, QFL agreed to make available to us a financing facility of:

(i) up to $25,000,000 for the acquisition

of mutually agreed patent rights that we intend to monetize;

(ii) up to $2,000,000 for operating expenses from which we may, at

our discretion, draw up to $200,000 per calendar quarter;

and (iii) $1,750,000 to fund the cash payment portion of the restructure

of our obligations to Intelligent Partners.

In return we transferred to QFL the right to receive a portion of net proceeds generated

from the monetization of those patents.

After QFL has a negotiated rate of return, we and QFL shall share net proceeds equally

until QFL shall have achieved its Investment Return (as defined therein).

Thereafter, we shall retain 100% of all net proceeds.

Except in an Event of Default, as defined therein, all payments by the Company to QFL pursuant to the Purchase Agreement are non-recourse

and shall be paid only if and after net proceeds from monetization of the patent rights owned or acquire by the Company are received,

or to be received.

of Default include any breach of the Investment Documents, including non-payment, material misrepresentation, security interest

compromise, criminal indictment or felony conviction of one or our officers or directors, our current chief executive no longer

serving as our chief executive or as a director, the occurrence of any Event of Default under the Restructure Agreement with Intelligent

Partners, as defined therein, and our insolvency.

In addition to all rights and remedies available under law and the Investment

Documents, upon and Event of Default, QFL may:

(i) declare the Investment Return immediately due and payable, (ii) except in the

event of our insolvency, declare an amount equal to the aggregate amount of the capital provided pursuant to the Purchase Agreement,

plus a late charge, immediately due and payable, or (iii) cease making capital available to us.

Under the agreement, QFL may terminate capital advances

other than in an Event of Default by giving written notice to us in which case QFL’s interest in Net Proceeds shall be an amount

equal to the greater of (i) the capital advanced to the Company plus interest at the prime rate, on the one hand, and (ii) Net Proceeds

received by the QFL prior to the date of such termination.

of Security Interests

to the Security Agreement and Subsidiary Security Agreement, payment of the obligations of the Company under the Purchase Agreement

with QFL are secured by (i) the Proceeds (as defined in the Purchase Agreement);

and (d) proceeds (including, without limitation, cash proceeds and insurance proceeds) and products of the foregoing (a)-(c).

Pursuant to the Subsidiary Guaranty, eight of our subsidiaries – Quest Licensing Corporation (“QLC”), Quest NetTech Corporation (“NetTech”), Mariner IC Inc.

(“Mariner”), Semcon IP Inc.

(“Semcon”), IC Kinetics Inc.

(“IC”), CXT Systems Inc.

(“CXT”), M-Red Inc.

(“MRED”), and Audio Messaging Inc.(“AMI”), collectively, the “Subsidiary Guarantors”) guaranteed our obligations to QFL under the Purchase Agreement.

Pursuant to the Subsidiary Security Agreement, the Subsidiary Guarantors grant QFL a security interest in the proceeds from the future monetization of their respective patent portfolios.

Pursuant to the Warrant Issue Agreement, we granted QFL ten-year warrants to purchase a total of up to 96,246,246 shares of our common stock, with an exercise price of $0.0054 per share which may be exercised from February 19, 2021 through February 18, 2031 on a cash or cashless basis.

Exercisability of the Warrant is limited if, upon exercise, the holder would beneficially own more than 4.99% (the “Maximum Percentage”) of our common stock, except that by written notice to us, the holder may change the Maximum Percentage to any other percentage not in excess of 9.99% provided any such change will not be effective until the 61 st day following notice to us.

The Warrant also contains certain minimum ownership percentage antidilution rights pursuant to which the aggregate number of shares of common stock purchasable upon the initial exercise of the Warrant shall not be less than 10% of the aggregate number of outstanding shares of capital stock of the Company (determined on a fully diluted basis).

A portion of any gain from sale of the shares, net of taxes and costs of exercise, realized prior to the completion of all monetization activities shall be credited against the total return due to QFL pursuant to the Purchase Agreement.

We agreed to take all commercially reasonable steps necessary to regain compliance with the OTCQB eligibility standards as soon as practicable, but in no event later than 12 months from the closing date.

We regained such compliance on May 7, 2021, at which time the common stock recommenced trading on the OTCQB.

We granted QFL certain registration rights with respect to the 96,246,246 shares of common stock issuable upon exercise of the warrant.

Commencing six months from the closing date, if the shares owned by QFL cannot be sold pursuant to a registration statement and cannot be sold pursuant to Rule 144 without the Company being in compliance with the current public information requirements of Rule 144, if the Company is not in compliance with the current public information requirements, the Company is required to pay damages to QFL.

Pursuant to the Board Observation Rights Agreement, until the later of the date on which QFL or its affiliates (i) have received the entirety of their Investment Return (as defined in Purchase Agreement), and (ii) no longer hold any Securities (the “ Observation Period ”), we granted QFL the right, exercisable at any time during the Observation Period, to appoint a representative to attend meetings (including, without limitation, telephonic or other electronic meetings) of the Board or any committee thereof, including executive sessions, in an observer capacity.

Purchase Agreement

Pursuant to the Purchase Agreement, QFL agreed

to make available to us a financing facility of:

(i) up to $25,000,000 for the acquisition of mutually agreed patent rights that we intend

(ii) up to $2,000,000 for operating expenses from which we may, at our discretion, draw up to $200,000 per calendar quarter;

and (iii) $1,750,000 to fund the cash payment portion of the restructure of our obligations to Intelligent Partners.

In return we transferred

to QFL the right to receive a portion of net proceeds generated from the monetization of those patents.

After QFL has a negotiated rate

of return, we and QFL shall share net proceeds equally until QFL shall have achieved its Investment Return (as defined therein).

we shall retain 100% of all net proceeds.

Except in an Event of Default, as defined therein, all payments by the Company to QFL pursuant

to the Purchase Agreement are non-recourse and shall be paid only if and after net proceeds from monetization of the patent rights owned

or acquire by the Company are received, or to be received.

Events of Default include any breach of the Investment

Documents, including non-payment, material misrepresentation, security interest compromise, criminal indictment or felony conviction of

one or our officers or directors, our current chief executive no longer serving as our chief executive or as a director, the occurrence

of any Event of Default under the Restructure Agreement with Intelligent Partners, as defined therein, and our insolvency.

to all rights and remedies available under law and the Investment Documents, upon and Event of Default, QFL may:

(i) declare the Investment

Return immediately due and payable, (ii) except in the event of our insolvency, declare an amount equal to the aggregate amount of the

capital provided pursuant to the Purchase Agreement, plus a late charge, immediately due and payable, or (iii) cease making capital available

Under the agreement, QFL may terminate capital

advances other than in an Event of Default by giving written notice to us in which case QFL’s interest in Net Proceeds shall be

an amount equal to the greater of (i) the capital advanced to the Company plus interest at the prime rate, on the one hand, and (ii) Net

Proceeds received by the QFL prior to the date of such termination.

Grant of Security Interests

Pursuant to the Security Agreement and Subsidiary

Security Agreement, payment of the obligations of the Company under the Purchase Agreement with QFL are secured by (i) the Proceeds (as

defined in the Purchase Agreement);

(ii) the Patents;

(iii) all General Intangibles

now or hereafter arising from or related to the foregoing;

(iv) Proceeds (including, without limitation, Cash Proceeds and insurance

proceeds) and products of the foregoing and (v) the proceeds realized by the relative patent portfolios of the Subsidiary Guarantors.

The security interest in proceeds from the CXT and M-Red patents granted to QFL is junior to the security interest held by the

respective affiliates of Intellectual Ventures granted to secure the obligations of CXT and MRED pursuant to their applicable

patent purchase agreements.

Rights Agreement

to the Registration Rights Agreement, we agreed to file a registration statement with the SEC covering 50,000,000 of the 96,246,246

shares of common stock issuable upon exercise of the Warrant.

We are required to file the registration statement by the second

business day following the earlier of (x) the date on which the Company is next required to file its financial statements on Form

10-K or Form 10-Q under the Securities Exchange Act of 1934, as amended (the “Exchange Act”), and (y) the date on

which the Company actually files its financial statements on Form 10-K or Form 10-Q under the Exchange Act, in each case without

regard to any extension pursuant to Rule 12b-25 under the Exchange Act (the “Initial Filing Deadline”);

that, if our common stock is not quoted on an existing trading market for the purpose of conducting an at the market offering

under Rule 415 of the Securities Act of 1933, as amended, the Initial Filing Deadline shall be no earlier than the second business

day following the date on which the QFL provides the Company with written information as to the fixed price at which it plans

to offer and sell the Registrable Securities (as defined in the Registration Rights Agreement) pursuant to the registration statement.

We are also required to file additional Registration Statements (as defined in the Registration Rights Agreement) on the date

60 days after the date that we receive written notice from any Investor (as defined in the Registration Rights Agreement) that

60% of the Registrable Securities held by all Investors registered under the immediately preceding registration statement have

(iii) all General Intangibles now or hereafter arising from or related to the foregoing;

(iv) Proceeds (including, without limitation, Cash Proceeds and insurance proceeds) and products of the foregoing and (v) the proceeds

realized by the relative patent portfolios of the Subsidiary Guarantors.

The security interest in proceeds from the CXT and M-RED patents

granted to QFL is junior to the security interest held by the affiliates of Intellectual Ventures Management, LLC (collectively “Intellectual

Ventures”) granted to secure the obligations of CXT and MRED pursuant to their patent purchase agreements relating to the purchase

of intellectual property from Intellectual Ventures.

Registration Rights Agreement

Pursuant to the Registration Rights Agreement,

we filed a registration statement with the SEC covering 50,000,000 of the 96,246,246 shares of common stock issuable upon exercise of

We are also required to file additional Registration Statements (as defined in the Registration Rights Agreement) on the

date 60 days after the date that we receive written notice from any Investor (as defined in the Registration Rights Agreement) that 60%

of the Registrable Securities held by all Investors registered under the immediately preceding registration statement have been sold.

The Registration Rights Agreement provides for us to pay damages in the event that we do not meet the required deadlines.

Intercreditor

connection with the agreements with QFL and the agreements with Intelligent Partners described below, we and our Subsidiaries

entered into an intercreditor agreement with QFL and Intelligent Partners which sets forth the priority of QFL in the collateral

under the Investment Documents.

of Agreements with Intelligent Partners

Purchase Agreement and Related Agreements with United Wireless

together with certain of our subsidiaries, and United Wireless, entered into a Securities Purchase Agreement dated October 22,

2015 (the “SPA”) and related Transaction Documents, as defined therein, pursuant to which the Company sold 50,000,000

shares (the “Shares”) of our common stock, par value $0.00003 per share (the “Common Stock”) at $0.05

per share, or an aggregate of $250,000;

we issued our 10% secured convertible promissory notes due September 30, 2020 to United,

and granted United an option (the “2015 Purchase Option”) to purchase up to an additional 50,000,000 shares of Common

Stock in three tranches at the prices as set forth therein.

The 2015 Purchase Option expired unexercised on September 30, 2020.

Intercreditor Agreement

In connection with the agreements with QFL and

the agreements with Intelligent Partners described below, we and our Subsidiaries entered into an intercreditor agreement with QFL and

Intelligent Partners which sets forth the priority of QFL in the collateral under the Investment Documents.

Summary of Agreements with Intelligent Partners

Securities Purchase Agreement and Related Agreements

with United Wireless

We, together with certain of our subsidiaries,

and United Wireless, entered into a Securities Purchase Agreement dated October 22, 2015 (the “SPA”) and related Transaction

Documents, as defined therein, pursuant to which the Company sold 50,000,000 shares (the “Shares”) of our common stock, par

value $0.00003 per share (the “Common Stock”) at $0.05 per share, or an aggregate of $250,000;

we issued our 10% secured convertible

promissory notes due September 30, 2020 to United, and granted United an option (the “2015 Purchase Option”) to purchase up

to an additional 50,000,000 shares of Common Stock in three tranches at the prices as set forth therein.

The 2015 Purchase Option expired

unexercised on September 30, 2020.

The Shares are currently owned by Andrew C.

Fitton (“Fitton”) and Michael Carper (“Carper”) and United

Wireless subsequently transferred its note and assigned all of its remaining rights under the agreements to Intelligent Partners,

Fitton (“Fitton”) and Michael Carper (“Carper”)

and United Wireless subsequently transferred its note and assigned all of its remaining rights under the agreements to Intelligent Partners,

which is an affiliate of United Wireless and is owned by Fitton and Carper.

Our agreements with United Wireless, also included

various monetization proceeds agreements, which we refer to as MPAs, pursuant to which we granted to Intelligent Partners, as

the assignee of United Wireless, rights to the monetization proceeds from revenue generated from certain of our intellectual property,

a security agreement and a registration rights agreement.

September 30, 2020, promissory notes in the aggregate principal amount of $4,672,810 were outstanding.

The notes became due by

their terms on September 30, 2020, and we did not make any payment on account of principal of and interest on the notes.

result, Intelligent Partners had the right to declare a default under the Notes, and, if Intelligent Partners had taken such action,

it would have been necessary for us to seek protection under the Bankruptcy Act.

Subsequent to September 30, 2020, we engaged

in negotiations with Intelligent Partners in parallel with our negotiations with QFL, with a view to restructuring our obligations

under the United Wireless agreements, including the Notes, so that we no longer had any obligations under the Notes or the SPA.

These negotiations resulted in the Restructure Agreement, described below, which provided for the payment to Intelligent Partners

of $1,750,000 from the proceeds from our agreements with QFL.

We also made interest payments totaling $117,780 between September

30, 2020 and February 22, 2021, the date we signed the Restructure Agreement with Intelligent Partners.

One of QFL’s requirements

to provide us with a funding facility was the restructure of our obligations to Intelligent Partners so that we no longer had

any debt obligations to Intelligent Partners.

Neither QFL nor any other financing source, would provide us with funding while

Intelligent Partners had a right to call a default under our notes to Intelligent Partners.

As part of the restructure of our

agreements with Intelligent Partners, we amended the existing MPAs and granted Intelligent Partners certain rights in the monetization

proceeds from any new intellectual property we acquire, as describe below.

Under these MPAs, Intelligent Partners participates

in the monetization proceeds we receive with respect to new patents after QFL has received its negotiated rate of return.

or prior to the date of the Restructure Agreement, Intelligent Partners transferred to Fitton and Carper $250,000 of the Notes

(the “Transferred Note”), thereby reducing the principal amount of the Notes held by Intelligent Partners to $4,422,810.

February 22, 2021, we and Intelligent Partners agreed to extinguish the Note and Transferred Note, and terminate or amend and

restate the SPA and Transaction Documents, pursuant to a series of agreements including:

a Restructure Agreement (the “Restructure

Agreement”), a Stock Purchase Agreement (the “Stock Purchase Agreement”), an Option Grant (the “Option

Grant”), an Amended and Restated Pledge Agreement (the “Pledge Agreement”), an Amended and Restated Registration

Rights Agreement (the “Registration Rights Agreement”), a Board Observation Agreement (the “Board Observation

Agreement”), a MPA-NA Security Interest Agreement (the “MPA-NA Security Interest Agreement”), an Amended and

Restated Patent Proceeds Security Agreement (the “Patent Proceeds Security Agreement”, an Amended and Restated MPA-CP

(the “MPA-CP”), an Amended and Restated MPA-CXT (the “MPA-CXT”), a MPA-MR (the “MPA-MR”),

a MPA-AMI (the “MPA-AMI,”

and together with the MPA-CP, MPA-CXT and MPA-MR, each a Restructure MPA and together the

Restructure MPAs) and a MPA-NA (the “MPA-NA”).

to the Restructure Agreement, we paid Intelligent Partners $1,750,000 at closing, which we received from QFL and which QFL paid

directly to Intelligent Partners, and recognized a further non-interest bearing total monetization proceeds obligation (the “TMPO”)

of $2,805,000, which shall, from and after the Restructure Date, be reduced on a dollar for dollar basis by (a) payments to Intelligent

Partners pursuant to the restructure agreement, the Restructure MPAs and the MPA-NA and (b) any election by the Intelligent Partners

to pay the Exercise Price of the Restructure Option, in whole or part, by means of a reduction in the then outstanding TMPO.

details regarding the TMPO are provided under “TMPO”;

(ii) Pursuant

to the Stock Purchase Agreement, we issued to Fitton and Carper, as holders of the Transferred Note, a total of 46,296,296 shares

of our restricted common stock at a purchase price of $0.0054 per share, which purchase price was paid by the conversion and in

full satisfaction of the Transferred Note (the “Conversion Shares”).

(iii) Pursuant

to the Option Grant, we granted Intelligent Partners an option to purchase a total of 50,000,000 shares of common stock, with

an exercise price of $0.0054 per share which vests immediately and may be exercised through February 9, 2026.

(iv) Pursuant

to the restructured monetization proceeds agreement, Intelligent Partners has a right to receive 60% of the net monetization proceeds

from the patents currently owned by the Subsidiary Guarantors.

The agreement has no termination provisions, so Intelligent Partners

will be entitled to its percentage interest as long as revenue can be generated from the intellectual property covered by the

to the Subsidiary Security Agreement, our obligations under our agreements with Intelligent Partners, including its obligations

under the Restructure Agreement and the Restructure MPAs are secured by a security interest in the net proceeds realized from

the future monetization of the patents currently owned by the eight subsidiaries named above.

(vi) Pursuant

to the MPA-NA-Security Interest Agreement, our obligations under the MPA-NA are secured by a security interest in net proceeds

realized from the future monetization of new patents acquired until the TMPO is satisfied, provided Intelligent Partners’

secured interest shall be limited to its entitlement in Net Proceeds under the MPA-NA.

After satisfaction of the TMPO the security

interest in proceeds from new assets shall terminate.

granted Intelligent Partners, Andrew Fitton and Michael Carper certain registration rights with respect to (i) the 50,000,000

Shares currently owned by Fitton and Carper;

(ii) the 46,296,296 Conversion Shares being issued to Fitton and Carper, and (iii)

the 50,000,000 shares of common stock issuable upon exercise of the Restructure Option;

(viii) Commencing

six months from the closing date, if the shares owned by Intelligent Partners cannot be sold pursuant to a registration statement

and cannot be sold pursuant to Rule 144 without the Company being in compliance with the current public information requirements

of Rule 144, if the Company is not in compliance with the current public information requirements, the Company is required to

pay damages to Intelligent Partners.

(ix) Pursuant

to the Board Observation Rights Agreement, until the Total Monetization Proceeds Obligation has been satisfied (the “

Period ”), we granted Intelligent Partners the option and right, exercisable at any time during the Observation Period,

to appoint a representative to attend meetings of the Board or any committee thereof, including executive sessions, in an observer

of Default include (i) a Change of Control of the Company (ii) any uncured default on payment due to Intelligent Partners in an

amount totaling in excess of $275,000, which is not the subject of a Dispute or other formal dispute resolution proceeding initiated

in good faith pursuant to this Agreement or other Restructure Documents (iii) the filing of a voluntary petition for relief under

the United States Bankruptcy Code by Company or any of its material subsidiaries, (iv) the filing of an involuntary petition for

relief under the United States Bankruptcy Code against the Company, which is not stayed or dismissed within sixty (60) days of

such filing, except for an involuntary petition for relief filed solely by Intelligent Partners, or any Affiliate or member of

Intelligent Partners, or (v) acceleration of an obligation in excess of $1 million dollars to another provider of financing following

a final determination by arbitration or other judicial proceeding that such obligation is due and owing.

Rights Agreement

to a registration rights agreement, we granted Intelligent Partners, Andrew Fitton and Michael Carper certain registration rights

with respect to (i) the 50,000,000 Shares currently owned by Fitton and Carper;

(ii) the 46,296,296 Conversion Shares issued to

Fitton and Carper, and (iii) the 50,000,000 shares of common stock issuable upon exercise of the Restructure Option.

to file a registration statement with the SEC covering up to a maximum of 50,000,000 of the Shares, Conversion Shares and Options

We are required to file the registration statement by the earlier of the 2nd Business Day following the date on which

we (x) are next required to file our financial statements on Form 10-K or Form 10-Q under the Exchange Act, and (y) actually files

its financial statements on Form 10-K or Form 10-Q under the Exchange Act, in each case without regard to any extension pursuant

to Rule 12b-25 under the Exchange Act.

We are required to have the registration statement declared effective by the SEC within

120 days of the closing if the registration statement is not subject to a full review by the SEC and 180 days if the registration

statement is subject to a full review.

The registration rights agreements provides for us to pay damages in the event that we

do not meet the required deadlines.

of the COVID-19 Pandemic on our Business

we do not manufacture or sell products, the COVID-19 pandemic and the work shutdown imposed in the United States and other countries

to limit the spread of the virus can have a negative impact on our business.

Our revenue is generated almost exclusively from

license fees generated from litigation seeking damages for infringement of our intellectual property rights.

The work shutdown

has affected the court system, with courts operating on a reduced schedule.

As a result, patent infringement actions are likely

to be lower priority items in allocation of court resources, with the effect that deadlines are likely to be postponed which delays

may give defendants an incentive to delay negotiations or offer a lower amount than they might otherwise accept.

the effect of the COVID-19 and the public response may adversely affect the financial condition and prospects of defendants and

potential defendants, which would make it less likely that they would be willing to settle our claim or which may result in a

defendant or potential defendant reducing or discontinuing its operations or taking advantage of the Bankruptcy Act.

COVID-19 pandemic and the response to limit the spread of the infection may affect the financial condition of financing sources

and the willingness of potential financing sources to provide funding for our litigation.

In addition, these factors may affect

a law firms’

ability and willingness to provide us with legal services on a contingent or partial contingent.

to the extent that holders of intellectual property rights see these factors impacting our ability to generate revenue from their

intellectual property, they may be reluctant to sell intellectual property to us on terms which are acceptable to us, if at all.

of Intellectual Property from Intellectual Ventures Entities

October 22, 2015, pursuant to an agreement with an effective date of July 8, 2015, as amended, between us and Intellectual Ventures,

we purchased three groups of patents from Intellectual Ventures for a purchase price of $3,000,000, which was paid in three annual

installments of $1,000,000 from the proceeds of our loans from United Wireless.

The patent portfolios which we acquired from Intellectual

Ventures are the anchor structure portfolio, the power management/bus control portfolio and the diode on chip portfolio, which

are described under “Business –

Our Intellectual Property Portfolios.”

January 26, 2018, Photonic Imaging Solutions Inc.

(“PIS”), a wholly-owned subsidiary, entered into an agreement with

Intellectual Ventures Assets 64 LLC (“IV 64”) pursuant to which PIS advanced $10,000 to IV 64 at closing and IV 64

assigned to PIS all right, title, and interest in a portfolio of eleven United States patents and sixteen foreign patents (the

“CMOS Portfolio”).

Under the agreement, PIS will distribute to IV 64 70% of the first $1,500,000 of revenue, as defined

in the agreement, 30% of the next $1,500,000 of revenue and 50% of revenue over $3,000,000;

with the $10,000 advance being treated

as an advance against the first distributions of net proceeds payable to IV 64.

obligations under the monetization

proceeds agreement are secured by a security interest in the proceeds (from litigation or otherwise) from the portfolio.

portfolio which we acquired from IV 64 is the CMOS portfolio which is described under “Business –

Our Intellectual

Property Portfolios.”

Our agreements with United Wireless, also included various

monetization proceeds agreements, which we refer to as MPAs, pursuant to which we granted to Intelligent Partners, as the assignee of

United Wireless, rights to the monetization proceeds from revenue generated from certain of our intellectual property, a security agreement

and a registration rights agreement.

At September 30, 2020, promissory notes in the

aggregate principal amount of $4,672,810 were outstanding.

The notes became due by their terms on September 30, 2020, and we did not make

any payment on account of principal of and interest on the notes.

As a result, Intelligent Partners had the right to declare a default

under the Notes, and, if Intelligent Partners had taken such action, it would have been necessary for us to seek protection under the

Bankruptcy Act.

Subsequent to September 30, 2020, we engaged in negotiations with Intelligent Partners in parallel with our negotiations

with QFL, with a view to restructuring our obligations under the United Wireless agreements, including the Notes, so that we no longer

had any obligations under the Notes or the SPA.

These negotiations resulted in the Restructure Agreement, described below, which provided

for the payment to Intelligent Partners of $1,750,000 from the proceeds from our agreements with QFL.

We also made interest payments totaling

$117,780 between September 30, 2020 and February 22, 2021, the date we signed the Restructure Agreement with Intelligent Partners.

of QFL’s requirements to provide us with a funding facility was the restructure of our obligations to Intelligent Partners so that

we no longer had any debt obligations to Intelligent Partners.

Neither QFL nor any other financing source, would provide us with funding

while Intelligent Partners had a right to call a default under our notes to Intelligent Partners.

As part of the restructure of our agreements

with Intelligent Partners, we amended the existing MPAs and granted Intelligent Partners certain rights in the monetization proceeds from

any new intellectual property we acquire, as describe below.

Under these MPAs, Intelligent Partners participates in the monetization proceeds

we receive with respect to new patents after QFL has received its negotiated rate of return.

On or prior to the date of the Restructure Agreement,

Intelligent Partners transferred to Fitton and Carper $250,000 of the Notes (the “Transferred Note”), thereby reducing the

principal amount of the Notes held by Intelligent Partners to $4,422,810.

On February 22, 2021, we and Intelligent Partners

agreed to extinguish the Note and Transferred Note, and terminate or amend and restate the SPA and Transaction Documents, pursuant to

a series of agreements including:

a Restructure Agreement (the “Restructure Agreement”), a Stock Purchase Agreement (the “Stock

Purchase Agreement”), an Option Grant (the “Option Grant”), an Amended and Restated Pledge Agreement (the “Pledge

Agreement”), an Amended and Restated Registration Rights Agreement (the “Registration Rights Agreement”), a Board Observation

Agreement (the “Board Observation Agreement”), a MPA-NA Security Interest Agreement (the “MPA-NA Security Interest Agreement”),

an Amended and Restated Patent Proceeds Security Agreement (the “Patent Proceeds Security Agreement”, an Amended and Restated

MPA-CP (the “MPA-CP”), an Amended and Restated MPA-CXT (the “MPA-CXT”), a MPA-MR (the “MPA-MR”), a

MPA-AMI (the “MPA-AMI,” and together with the MPA-CP, MPA-CXT and MPA-MR, each a Restructure MPA and together the Restructure

MPAs) and a MPA-NA (the “MPA-NA”).

Pursuant to the Restructure Agreement, we paid Intelligent Partners $1,750,000 at closing, which we received from QFL and which QFL paid directly to Intelligent Partners, and recognized a further non-interest bearing total monetization proceeds obligation (the “TMPO”) of $2,805,000, which shall, from and after the Restructure Date, be reduced on a dollar for dollar basis by (a) payments to Intelligent Partners pursuant to the restructure agreement, the Restructure MPAs and the MPA-NA and (b) any election by the Intelligent Partners to pay the Exercise Price of the Restructure Option, in whole or part, by means of a reduction in the then outstanding TMPO.

Further details regarding the TMPO are provided under “TMPO”;

Pursuant to the Stock Purchase Agreement, we issued to Fitton and Carper, as holders of the Transferred Note, a total of 46,296,296 shares of common stock at a purchase price of $0.0054 per share, which purchase price was paid by the conversion and in full satisfaction of the Transferred Note (the “Conversion Shares”).

Pursuant to the Option Grant, we granted Intelligent Partners an option to purchase a total of 50,000,000 shares of common stock, with an exercise price of $0.0054 per share which vests immediately and may be exercised through February 9, 2026.

Pursuant to the restructured monetization proceeds agreement, Intelligent Partners has a right to receive 60% of the net monetization proceeds from the patents currently owned by the Subsidiary Guarantors.

The agreement has no termination provisions, so Intelligent Partners will be entitled to its percentage interest as long as revenue is generated from the intellectual property covered by the agreement.

Pursuant to the Subsidiary Security Agreement, our obligations under our agreements with Intelligent Partners, including its obligations under the Restructure Agreement and the Restructure MPAs are secured by a security interest in the net proceeds realized from the future monetization of the patents currently owned by the eight subsidiaries named above.

Pursuant to the MPA-NA-Security Interest Agreement, our obligations under the MPA-NA are secured by a security interest in net proceeds realized from the future monetization of new patents acquired until the TMPO is satisfied, provided Intelligent Partners’ secured interest shall be limited to its entitlement in Net Proceeds under the MPA-NA.

After satisfaction of the TMPO the security interest in proceeds from new assets shall terminate.

We granted Intelligent Partners, Andrew Fitton and Michael Carper certain registration rights with respect to (i) the 50,000,000 Shares currently owned by Fitton and Carper, which shares are included in the registration statement that we filed;

(ii) the 46,296,296 Conversion Shares being issued to Fitton and Carper, and (iii) the 50,000,000 shares of common stock issuable upon exercise of the Restructure Option;

Commencing six months from the closing date, if the shares owned by Intelligent Partners cannot be sold pursuant to a registration statement and cannot be sold pursuant to Rule 144 without the Company being in compliance with the current public information requirements of Rule 144, if the Company is not in compliance with the current public information requirements, the Company is required to pay damages to Intelligent Partners.

Pursuant to the Board Observation Rights Agreement, until the TMPO has been satisfied (the “ Observation Period ”), we granted Intelligent Partners the option and right, exercisable at any time during the Observation Period, to appoint a representative to attend meetings of the Board or any committee thereof, including executive sessions, in an observer capacity.

Events of Default include (i) a Change of Control

of the Company (ii) any uncured default on payment due to Intelligent Partners in an amount totaling in excess of $275,000, which is not

the subject of a Dispute or other formal dispute resolution proceeding initiated in good faith pursuant to this Agreement or other Restructure

Documents (iii) the filing of a voluntary petition for relief under the United States Bankruptcy Code by Company or any of its material

subsidiaries, (iv) the filing of an involuntary petition for relief under the United States Bankruptcy Code against the Company, which

is not stayed or dismissed within sixty (60) days of such filing, except for an involuntary petition for relief filed solely by Intelligent

Partners, or any Affiliate or member of Intelligent Partners, or (v) acceleration of an obligation in excess of $1 million dollars to

another provider of financing following a final determination by arbitration or other judicial proceeding that such obligation is due

Registration Rights Agreement

Pursuant to a registration rights agreement, we

granted Intelligent Partners, Andrew Fitton and Michael Carper certain registration rights with respect to (i) the 50,000,000 Shares currently

owned by Fitton and Carper;

(ii) the 46,296,296 Conversion Shares issued to Fitton and Carper, and (iii) the 50,000,000 shares of common

stock issuable upon exercise of the Restructure Option.

We filed the registration statement with the SEC covering the 50,000,000 Shares

owned by Fitton and Carper, and the registration statement was declared effective by the SEC.

Effects of the COVID-19 Pandemic on our Business

Although we do not manufacture or sell products,

the COVID-19 pandemic and the work shutdown imposed in the United States and other countries to limit the spread of the virus can have

a negative impact on our business.

Our revenue is generated almost exclusively from license fees generated from litigation seeking damages

for infringement of our intellectual property rights.

The work shutdown has affected the court system, and during much of 2020 and part

of 2021 courts operating on a reduced schedule, and some courts may still not be operating on a full in-person schedule and, even if operating

on a full schedule, have a backlog as a result of the pandemic.

As a result, we believe patent infringement actions are treated as a lower

priority items in allocation of court resources with the effect that deadlines are likely to be postponed which delays may give defendants

an incentive to delay negotiations or offer a lower amount than they might otherwise accept.

In addition, the effect of the COVID-19 and

the public response may adversely affect the financial condition and prospects of defendants and potential defendants, which would make

it less likely that they would be willing to settle our claim or which may result in a defendant or potential defendant reducing or discontinuing

its operations or taking advantage of the Bankruptcy Act.

The COVID-19 pandemic and the response to limit

the spread of the infection may affect the financial condition of financing sources and the willingness of potential financing sources

to provide funding for our litigation.

In addition, these factors may affect a law firms’ ability and willingness to provide us

with legal services on a contingent or partial contingent.

Further, to the extent that holders of intellectual

property rights see these factors impacting our ability to generate revenue from their intellectual property, they may be reluctant to

sell intellectual property to us on terms which are acceptable to us, if at all.

Purchase of Intellectual Property from Intellectual

Ventures Entities

On October 22, 2015, pursuant to an agreement

with an effective date of July 8, 2015, as amended, between us and Intellectual Ventures Assets 16, LLC (“IV16”), we purchased

three groups of patents from IV16 for a purchase price of $3,000,000, which was paid in three annual installments of $1,000,000 from the

proceeds of our loans from United Wireless.

The patent portfolios which we acquired from IV16 are the anchor structure portfolio, the

power management/bus control portfolio and the diode on chip portfolio, which are described under “Business – Our Intellectual

Property Portfolios.”

On January 26, 2018, Photonic Imaging Solutions

(“PIS”), a wholly-owned subsidiary, entered into an agreement with Intellectual Ventures Assets 64 LLC (“IV 64”)

pursuant to which PIS advanced $10,000 to IV 64 at closing and IV 64 assigned to PIS all right, title, and interest in a portfolio of

eleven United States patents and sixteen foreign patents (the “CMOS Portfolio”).

Under the agreement, PIS will distribute

70% of the first $1,500,000 of revenue, as defined in the agreement, 30% of the next $1,500,000 of revenue and 50% of revenue over $3,000,000

with the $10,000 advance being treated as an advance against the first distributions of net proceeds payable to IV 64.

obligations under the monetization proceeds agreement are secured by a security interest in the proceeds (from litigation or otherwise)

from the portfolio.

The patent portfolio which we acquired from IV 64 is the CMOS portfolio which is described under “Business –

Our Intellectual Property Portfolios.”

On July 28, 2017, CXT, a wholly-owned subsidiary,

entered into an agreement with Intellectual Ventures Assets 34 LLC and Intellectual Ventures Assets 37 LLC (“IV 34/37”) pursuant

to which CTX paid IV 34/37 $25,000 and IV34/37 transferred to CXT all right, title and interest in a portfolio of thirteen United States

patents (the “CXT Portfolio”).

Under the agreement, CXT will distribute 50% of net proceeds, as defined, to IV 34/37, as long

1 unchanged sentence

The $25,000 payment to IV 34/37 was made from a loan from United Wireless and was paid

directly by United Wireless to IV 34/37.

by United Wireless directly to IV 34/37.

The agreement with IV 34/37, as amended on January 26, 2018, provides that if, on December 31,

5 unchanged sentences

Neither we nor any affiliate of CXT has guaranteed the minimum payments.

As of December 31,

2020, cumulative distributions did not total $975,000 and CXT did not pay the difference to IV 34/37 within ten days.

Non-payment which

is not cured within 30 days after written notice from IV 34/37 would constitute an Acceleration Event under the agreement, following which,

in addition to any other remedies available under the agreement, all outstanding minimum cumulative distributions would become due and

payable within thirty days.

As of the date of filing, no such written notice of non-payment has been given by IV 34/37.

CXT’s obligations

under the agreement with IV 34/37 are secured by a security interest in the proceeds (from litigation or otherwise) from the CXT Portfolio.

The patent portfolio which we acquired from IV 34/37 is the CXT portfolio which is described under “Business –

Our Intellectual

Property Portfolios.”

January 26, 2018, CXT entered into an agreement with Intellectual Ventures Assets 62 LLC and Intellectual Ventures Assets 71 LLC

“(IV 62/71”) pursuant to which CXT advanced IV 62/71 $10,000 at closing and IV 62/71 assigned to CXT all right, title,

and interest in a portfolio of sixteen United States patents and three pending applications.

Under the agreement, CXT will distribute

50% of net proceeds, as defined, to IV 62/71, as long as we generate net proceeds from this portfolio.

The initial $10,000 advance

is treated as an advance toward our future distributions of net proceeds payable to IV 62/71.

CXT’s obligations under the

agreement are secured by a security interest in the proceeds (from litigation or otherwise) from the CXT Portfolio.

In March 2021,

we made a payment to IV 62/71 in the amount of $64,238.

We agreed to modify the monetization proceeds agreement between CXT and

United Wireless to include the patents acquired from IV 62/71.

The monetization proceeds amendment was further amended by

the MPA-CXT Agreement in connection with the restructure of our agreements with Intelligent Partners.

On March 15, 2019, M-RED Inc.

(“M-RED”),

a wholly-owned subsidiary, entered into an agreement with Intellectual Ventures Assets 113 LLC and Intellectual Ventures Assets 108 LLC

(“IV 113/108”) pursuant to which M-RED paid IV 113/108 $75,000 and IV 113/108 transferred to M-RED all right, title and interest

in a portfolio of sixty United States patents and eight foreign patents (the “M-RED Portfolio”).

Under the agreement, M-RED

will distribute 50% of net proceeds, as defined, to IV 113/108, as long as we generate revenue from the M-RED Portfolio.

The agreement

with IV 113/108 provides that if, on September 30, 2020, September 30, 2021 and September 30, 2022, cumulative distributions to IV 113/108

total less than $450,000, $975,000 and $1,575,000, respectively, M-RED shall pay the difference between such cumulative amounts and the

amount paid to IV 113/108 within ten days after the applicable date.

The $75,000 advance is treated as an advance against the first distributions

of net proceeds payable to IV 113/108.

On September 30, 2020 cumulative distributions to IV 113/108 totaled less than $450,000 and M-RED

did not pay the difference to IV 113/108 within ten days.

In March 2021, M-RED paid IV 113/108 $114,952 in cumulative distributions Non-payment

which is not cured within 30 days after written notice from IV 113/108 would constitute an Acceleration Event under the agreement, following

which, in addition to any other remedies available under the agreement, all outstanding minimum cumulative distributions would become

due and payable within thirty days.

As of the date of filing, no such written notice of non-payment has been given by IV 113/108.

useful lives of the patents, at the date of acquisition, was approximately nine years.

Neither we nor any affiliate of M-RED has guaranteed

the minimum payments.

M-RED’s obligations under the agreement with IV 113/108 are secured by a security interest in the proceeds

(from litigation or otherwise) from the M-RED Portfolio.

The patent portfolio which we acquired from IV 113/108 is the M-RED portfolio

which is described under “Business –

Our Intellectual Property Portfolios.”

Pursuant to the MPA-MR, Intelligent Partners

is entitled to receive 60% of the net proceeds as defined in the agreement.

On December 31, 2021

the parties amended the agreement to provide that CXT will distribute 65% of net proceeds, as defined, to IV 34/37, as long as we generate

revenue from the CXT Portfolio and that if, on December 31, 2018 and December 31, 2019, cumulative distributions to IV 34/37 total less

than $100,000 and $375,000, respectively, CXT shall pay the difference between such cumulative amounts and the amount paid to IV 34/37

within ten days after the applicable date.

As of December 31, 2021 cumulative distributions to IV 34/37 totaled $375,000.

obligations under the agreement with IV 34/37 are secured by a security interest in the proceeds (from litigation or otherwise) from the

CXT Portfolio.

The patent portfolio which we acquired from IV 34/37 is the CXT portfolio which is described under “Business –

Our Intellectual Property Portfolios.”

On January 26, 2018, CXT entered into an agreement

with Intellectual Ventures Assets 62 LLC and Intellectual Ventures Assets 71 LLC “(IV 62/71”) pursuant to which CXT advanced

IV 62/71 $10,000 at closing and IV 62/71 assigned to CXT all right, title, and interest in a portfolio of sixteen United States patents

and three pending applications.

Under the agreement, as amended on December 31, 2021, CXT will distribute 65% of net proceeds, as defined,

to IV 62/71, as long as we generate net proceeds from this portfolio.

The initial $10,000 advance is treated as an advance toward our

future distributions of net proceeds payable to IV 62/71.

CXT’s obligations under the agreement are secured by a security interest

in the proceeds (from litigation or otherwise) from the CXT Portfolio.

In March 2021, we made a payment to IV 62/71 in the amount of $64,238.

We agreed to modify the monetization proceeds agreement between CXT and United Wireless to include the patents acquired from IV 62/71.

The monetization proceeds amendment was further amended by the MPA-CXT Agreement in connection with the restructure of our agreements

with Intelligent Partners.

On March 15, 2019, M-RED Inc., a wholly-owned

subsidiary, entered into an agreement with Intellectual Ventures Assets 113 LLC and Intellectual Ventures Assets 108 LLC (“IV 113/108”)

pursuant to which M-RED paid IV 113/108 $75,000 and IV 113/108 transferred to M-RED all right, title and interest in a portfolio of sixty

United States patents and eight foreign patents (the “M-RED Portfolio”).

Under the agreement, M-RED will distribute 50% of

net proceeds, as defined, to IV 113/108, as long as we generate revenue from the M-RED Portfolio.

The agreement with IV 113/108 provides

that if, on September 30, 2020, September 30, 2021 and September 30, 2022, cumulative distributions to IV 113/108 total less than $450,000,

$975,000 and $1,575,000, respectively, M-RED shall pay the difference between such cumulative amounts and the amount paid to IV 113/108

within ten days after the applicable date.

The $75,000 advance is treated as an advance against the first distributions of net proceeds

payable to IV 113/108.

On September 30, 2020 cumulative distributions to IV 113/108 totaled less than $450,000 and M-RED did not pay the

difference to IV 113/108 within ten days.

On December 31, 2021 the parties amended the agreement to provide that M-RED will distribute

100% of undistributed net proceeds, as defined, resulting from agreements signed prior to December 31, 2021 and 65% of net proceeds thereafter

to IV 113/108, as long as we generate revenue from the M-RED Portfolio and that if, on December 31, 2021 cumulative distributions to IV

113/108 total less than $302,113.89, M-RED shall pay the difference between such cumulative amounts and the amount paid to IV 113/108

within ten days after the applicable date.

As of December 31, 2021 cumulative distributions to IV 113/108 totaled $302,113.89.

lives of the patents, at the date of acquisition, was approximately nine years.

Neither we nor any affiliate of M-RED has guaranteed the

minimum payments.

M-RED’s obligations under the agreement with IV 113/108 are secured by a security interest in the proceeds (from

litigation or otherwise) from the M-RED Portfolio.

The patent portfolio which we acquired from IV 113/108 is the M-RED portfolio which

is described under “Business – Our Intellectual Property Portfolios.” Pursuant to the MPA-MR, Intelligent Partners is

entitled to receive 60% of the net proceeds as defined in the agreement.

A default under the agreements with the Intellectual

Ventures affiliates could result in a default under our agreements with QFL, and, even if it does not declare a default, QFL may be reluctant

Ventures affiliates could result in a default under our agreements with QFL, and, even if QFL does not declare a default, QFL may be reluctant

to finance our intellectual property acquisition if we are in default under any of our patent acquisition agreements with Intellectual

2 unchanged sentences

able to enter into modification agreements with the Intellectual Ventures affiliates.

were incorporated in Delaware on July 17, 1987 under the name Phase Out of America.

On September 21, 1997, we changed our name

to Quest Products Corporation, and, on June 6, 2007, we changed our name to Quest Patent Research Corporation.

We have been engaged

in the intellectual property monetization business since 2008.

Our executive principal office is located at 411 Theodore Fremd

Ave., Suite 206S, Rye, New York 10580-1411, telephone (888) 743-7577.

Our Organization

We were incorporated in Delaware on July 17, 1987

under the name Phase Out of America.

On September 21, 1997, we changed our name to Quest Products Corporation, and, on June 6, 2007, we

changed our name to Quest Patent Research Corporation.

We have been engaged in the intellectual property monetization business since 2008.

Our executive principal office is located at 411 Theodore Fremd Ave., Suite 206S, Rye, New York 10580-1411, telephone (888) 743-7577.

Our website is www.qprc.com.

Information contained on or

derived from our website or any other website does not constitute a part of this annual report.

Intellectual Property Portfolios

real-time mobile data portfolio relates to the automatic update of information delivered to a mobile device without the need for

a manual refreshing.

The portfolio is comprised of U.S.

7,194,468 “Apparatus and Method for Supplying Information”

and all related patents, patent applications, and all continuations, continuations-in-part, divisions, extensions, renewals, reissues

and re-examinations relating to all inventions thereof (the “Mobile Data Portfolio”).

December 31, 2020, we did not receive any proceeds from the Mobile Data Portfolio.

Packaging - Turtle Pak TM

March 2008, we entered into an agreement with Emerging Technologies Trust whereby our majority-owned subsidiary, Quest Packaging

Solutions Corporation, acquired the exclusive license to make, use, sell, offer for sale or sublicense the intellectual property

of Emerging Technologies Trust (the “Turtle Pak™

Portfolio”).

The Turtle Pak portfolio relates to a cost effective,

high-protection packaging system recommended for fragile items weighing less than ten pounds.

The intellectual property consists

Information contained on or derived from our website or any other website does not constitute a part of this

annual report.

Our Intellectual Property Portfolios

The real-time mobile data portfolio relates to

the automatic update of information delivered to a mobile device without the need for a manual refreshing.

The portfolio is comprised

7,194,468 “Apparatus and Method for Supplying Information” and all related patents, patent applications,

and all continuations, continuations-in-part, divisions, extensions, renewals, reissues and re-examinations relating to all inventions

thereof (the “Mobile Data Portfolio”).

Through December 31, 2021, we did not receive

any proceeds from the Mobile Data Portfolio.

Flexible Packaging - Turtle Pak TM

In March 2008, we entered into an agreement with

Emerging Technologies Trust whereby our majority-owned subsidiary, Quest Packaging Solutions Corporation, acquired the exclusive license

to make, use, sell, offer for sale or sublicense the intellectual property of Emerging Technologies Trust (the “Turtle Pak™

The Turtle Pak portfolio relates to a cost effective, high-protection packaging system recommended for fragile items

weighing less than ten pounds.

The intellectual property consists of two U.S.

patents, U.S.

RE36,412 and U.S.

Patent No.6,490,844, and the Turtle Pak TM trademark.

brand packaging is suited for such uses as electrical and electronic components, medical, dental, and diagnostic equipment,

instrumentation products, and control components.

Turtle Pak™

brand packaging materials are 100% curbside recyclable.

the exclusive licensee and manager of the manufacture and sale of licensed product, we coordinate the manufacture and sale of

licensed products to end users;

we contract for the manufacture and assembly of the product components, and we coordinate order

receipt, fulfillment and invoicing.

Revenues from the TurtlePak TM product sales were approximately $0 and $25,000 for

the years ended December 31, 2020 and 2019, respectively.

Financial Data System

invention describes a universal financial data system which allows its holder to use the device to access one or more accounts

stored in the memory of the device as a cash payment substitute as well as to keep track of financial and transaction records

and data, such as transaction receipts, in a highly portable package, such as a cellular device (the “Financial Data Portfolio”).

The inventive universal data system is capable of supporting multiple accounts of various types, including but not limited to

credit card accounts, checking/debit accounts, and loyalty accounts.

Our wholly-owned subsidiary, Wynn Technologies Inc., acquired

US Patent No.

Patent No.6,490,844,

and the Turtle Pak TM trademark.

Turtle Pak™ brand packaging is suited for such uses as electrical and electronic components,

medical, dental, and diagnostic equipment, instrumentation products, and control components.

Turtle Pak™ brand packaging materials

are 100% curbside recyclable.

As the exclusive licensee and manager of the manufacture

and sale of licensed product, we coordinate the manufacture and sale of licensed products to end users;

we contract for the manufacture

and assembly of the product components, and we coordinate order receipt, fulfillment and invoicing.

We did not generate revenues from

the TurtlePak TM product for the years ended December 31, 2021 and 2020.

Universal Financial Data System

The invention describes a universal financial

data system which allows its holder to use the device to access one or more accounts stored in the memory of the device as a cash payment

substitute as well as to keep track of financial and transaction records and data, such as transaction receipts, in a highly portable

package, such as a cellular device (the “Financial Data Portfolio”).

The inventive universal data system is capable of supporting

multiple accounts of various types, including but not limited to credit card accounts, checking/debit accounts, and loyalty accounts.

Our wholly-owned subsidiary, Wynn Technologies Inc., acquired US Patent No.

5,859,419, from the owner, Sol Wynn.

In January 2001, we filed a reissue application for the patent, and the United

States Patent and Trademark Office issued patent RE38,137.

This reissued patent, which contains 35 separate claims, replaces the

original patent, which had seven claims.

In February 2011, we entered into a new agreement with Sol Li (formerly Sol Wynn), pursuant

to which we issued to Mr.

Li a 35% interest in Wynn Technologies and warrants to purchase up to 5,000,000 shares of our common

stock at an exercise price of $0.001 per share.

In January 2001, we filed

a reissue application for the patent, and the United States Patent and Trademark Office issued patent RE38,137.

This reissued patent,

which contains 35 separate claims, replaces the original patent, which had seven claims.

In February 2011, we entered into a new agreement

with Sol Li (formerly Sol Wynn), pursuant to which we issued to Mr.

Li a 35% interest in Wynn Technologies and warrants to purchase up

to 5,000,000 shares of our common stock at an exercise price of $0.001 per share.

These warrants expired unexercised.

We also agreed that Mr.

Li would receive 40%

of the net licensing revenues generated by Wynn Technologies with respect to this patent, which is the only patent owned by Wynn

Technologies.

We also agreed that

Li would receive 40% of the net licensing revenues generated by Wynn Technologies with respect to this patent, which is the only patent

owned by Wynn Technologies.

On December 17, 2018, Wynn Technologies, Inc.

granted an exclusive license to the Financial Data Portfolio, including

the right to enforce, to our wholly owned subsidiary, Quest NetTech.

Under the agreement, Quest NetTech receives 100% of the net

proceeds, as defined by the agreement.

granted an exclusive license to the Financial Data Portfolio,

including the right to enforce, to our wholly owned subsidiary, Quest NetTech.

Under the agreement, Quest NetTech receives 100% of the

net proceeds, as defined by the agreement.

On April 11, 2019 Quest NetTech Corporation merged with Wynn Technologies, Inc.

1 unchanged sentence

Li having a 35% interest.

On April 12, 2019, Quest NetTech brought a patent

infringement suit in the U.S.

On April 12, 2019, Quest NetTech brought a patent infringement

suit in the U.S.

District for the Eastern District of Texas against Apple, Inc.

The case was dismissed in May 2020.

revenue for the year ended December 31, 2020 includes revenue from the Financial Data Portfolio.

rich media portfolio is directed to methods, systems, and processes that permit typical Internet users to design rich-media production

content ( i.e.

, rich-media applications), such as websites.

We did not generate revenue from the Financial

Data Portfolio in 2021.

Our revenue for the year ended December 31, 2020 includes revenue from the Financial Data Portfolio.

The rich media portfolio is directed to methods,

systems, and processes that permit typical Internet users to design rich-media production content ( i.e.

, rich-media applications),

such as websites.

The portfolio consists of U.S.

7,000,180, “Methods,

Systems, and Processes for the Design and Creation of Rich Media Applications via the Internet”

and all related patents,

patent applications, corresponding foreign patents and foreign patent applications and foreign counterparts, and all continuations,

continuations-in-part, divisions, extensions, renewals, reissues and re-examinations relating to all inventions thereof (the “Rich

Media Portfolio”).

In July 2008, we entered into a consulting and licensing program management agreement with Balthaser

Online, Inc., the patent owner, pursuant to which we performed services related to the establishment and management of a licensing

program to evaluate and analyze the relevant market and to obtain licenses for the Rich Media Portfolio in exchange for management

fees as well as an irrevocable entitlement to a distribution of 15% of all proceeds generated by the Rich Media Portfolio for

the remaining life of the portfolio regardless of whether those proceeds are derived from litigation, settlement, licensing or

Our 15% distribution right is subject to reduction to 7.5% in the event that we refuse or are unable to perform the

services detailed in the agreement.

December 31, 2020, we did not generate any revenue from the rich media patents.

Structure Portfolio

portfolio, which we acquired from Intellectual Ventures in October 2015 and transferred to a newly formed subsidiary, Mariner

IC Inc., consists of two United States patents which relate to technology for incorporating metal structures in the corners and

edges of semiconductor dies to prevent cracking from stresses.

March 2016, we entered into a funding agreement whereby a third party agreed to provide funds to us to enable us to implement

a structured licensing program, including litigation if necessary, for the Anchor Structure Portfolio and engaged counsel on a

partial contingency basis in connection with a proposed patent infringement action relating to the Anchor Structure Portfolio.

Under the funding agreement, the third party receives an interest in the proceeds from the program, and we have no other obligation

to the third party.

March 2018, Mariner IC brought patent infringement suits in the United States District Court for the Eastern District of Texas

against Acer Inc., Schneider Electric, Sharp Corporation, AsusTek Computer Inc., and Bose Corporation.

In April 2018, the actions

against Acer Inc., Schneider Electric and Bose Corporation were dismissed.

In April 2018, Mariner IC brought patent infringement

actions in the United States District Court for the Eastern District of Texas against TiVo Corporation and Huawei Device Co.,

In August 2018, the action against Huawei Device Co., Ltd et.

was voluntarily dismissed.

In September 2018, Mariner

IC brought a patent infringement action in the United States District Court for the Eastern District of Texas against Huawei Device

All suits were settled and dismissed in 2019 and our revenue for the year ended December 31, 2019 includes revenue

from these settlements.

We did not generate license fees from the Anchor Structure Portfolio in 2020.

Management/Bus Control Portfolio

portfolio, which is the second portfolio which we acquired from Intellectual Ventures and transferred to a newly-formed subsidiary,

Semcon IP Inc., consists of four United States patents that cover fundamental technology for adjusting the processor clock and

voltage to save power based on the operating characteristics of the processor and one United States patent that relates to coordinating

direct bus communications between subsystems in an assigned channel.

March 2016, we entered into a funding agreement whereby a third party agreed to provide funds to us to enable us to implement

a structured licensing program, including litigation if necessary, for the Power Management/Bus Control Portfolio and engaged

counsel on a partial contingency basis in connection with a proposed patent infringement action relating to the Power Management/Bus

Under the funding agreement, the third party receives an interest in the proceeds from the program, and we have no other

obligation to the third party.

to the terms of the funding agreement and the partial contingency agreement with counsel, we do not have any liability or obligations

with respect to the costs associated with prosecuting the actions, and we do not receive any payments for any assistance which

we may provide in connection with the litigation.

Both the funding source and counsel will participate in any recovery in these

the execution of the funding agreement and partial contingency agreement with counsel, in April 2016, Semcon IP Inc.

brought patent

infringement suits in the United States District Court for the Eastern District of Texas against Huawei Technologies, MediaTek

Inc., STMicroelectronics Inc., Texas Instruments Incorporated and ZTE Corporation.

As of December 31, 2018, these actions had

been settled and dismissed.

May 2018, Semcon brought patent infringement actions in the United States District Court for the Eastern District of Texas against

Amazon.com, Inc., AsusTeK Computer Inc., TCT Mobile International Limited et.

al., Kyocera Corporation, LVMH Moet Hennessy Louis

Vuitton, SE, Shenzhen OnePlus Science & Technology Co., Ltd., and Michael Kors Holdings Ltd.

Michael Kors, Kyocera and Amazon actions were settled in 2019, and our revenue for the year ended December 31, 2019 includes revenue

from these settlements.

The AsusTeK Computer Inc., TCT Mobile International Limited et.

al., LVMH Moet Hennessy Louis Vuitton,

SE, and Shenzhen OnePlus Science & Technology Co., Ltd., actions were settled in 2020 and our revenue for the year ended December

31, 2020 includes revenue from these settlements.

on Chip Portfolio

portfolio, which is the third portfolio which we acquired from Intellectual Ventures and transferred to a newly-formed subsidiary,

IC Kinetics Inc., consists of three United States patents and one pending continuation application which cover technology relating

to on-chip temperature measurement for semiconductors.

As of December 31, 2020, we did not generate any revenue from this portfolio.

portfolio consists of thirty United States patents and three pending continuation applications which cover technology relating

to systems and methods of operating an accessible information database which provides for inventory evaluation, filtering according

to preferences, alternative product recommendations, and access to a database of consumer feedback/evaluation.

April 2018 CXT brought patent infringement suits in the United States District Court for the Eastern District of Texas against

Academy Ltd., The Container Store Group, Inc.

and Pier 1 Imports, Inc.

In May 2018 CXT brought patent infringement suits in the

United States District Court for the Eastern District of Texas against Conn’s, Inc., Fossil Group, Inc., JC Penney Company,

Inc., Stage Stores, Inc.

and Tailored Brands, Inc.

In May 2019, CXT brought patent infringement actions in the United States District

Court for the Eastern District of Texas against Harbor Freight Tools USA, Inc., Hallmark.com, LLC, Retail Concepts, Inc.

In August 2019, CXT brought patent infringement suits in the United States District Court for the Eastern District

of Texas against Neiman Marcus Group Ltd., General Nutrition Corporation and Steve Madden, Ltd.

March 2021 CXT brought patent infringement suits in the United States District Court for the Eastern District of Texas against

Advanced Auto Parts, Inc., Costco Wholesale Corporation, The Sherwin-Williams Company, V.F.

Corporation and IKEA North America

Services, LLC.

actions against The Container Store, Pier 1 Imports and Stage Stores were settled in 2019 and revenue for the year ended December

31, 2019 included revenue from these settlements.

actions against Conn’s, Inc., Academy Ltd., Fossil Group, Inc., JC Penney Company, Inc., Tailored Brands, Inc., Harbor Freight

Tools USA, Inc., Hallmark, CC Filson, General Nutrition, Steve Madden, Ltd.

7,000,180, “Methods, Systems, and Processes for the Design and Creation

of Rich Media Applications via the Internet” and all related patents, patent applications, corresponding foreign patents and foreign

patent applications and foreign counterparts, and all continuations, continuations-in-part, divisions, extensions, renewals, reissues

and re-examinations relating to all inventions thereof (the “Rich Media Portfolio”).

In July 2008, we entered into a consulting

and licensing program management agreement with Balthaser Online, Inc., the patent owner, pursuant to which we performed services related

to the establishment and management of a licensing program to evaluate and analyze the relevant market and to obtain licenses for the

Rich Media Portfolio in exchange for management fees as well as an irrevocable entitlement to a distribution of 15% of all proceeds generated

by the Rich Media Portfolio for the remaining life of the portfolio regardless of whether those proceeds are derived from litigation,

settlement, licensing or otherwise.

Our 15% distribution right is subject to reduction to 7.5% in the event that we refuse or are unable

to perform the services detailed in the agreement.

Through December 31, 2021, we did not generate

any revenue from the rich media patents.

Anchor Structure Portfolio

This portfolio, which we acquired from IV16 in

October 2015 and transferred to our subsidiary, Mariner IC Inc., consists of two United States patents which relate to technology for

incorporating metal structures in the corners and edges of semiconductor dies to prevent cracking from stresses.

In March 2016, we entered into a funding agreement

whereby a third party agreed to provide funds to us to enable us to implement a structured licensing program, including litigation if

necessary, for the Anchor Structure Portfolio and engaged counsel on a partial contingency basis in connection with a proposed patent

infringement action relating to the Anchor Structure Portfolio.

Under the funding agreement, the third party received an interest in the

proceeds from the settlements relating to this portfolio in 2019.

The funding agreement was terminated in 2021.

We did not generate license fees from the Anchor

Structure Portfolio in 2021 or 2020 and we do not anticipate allocating further resources to monetization of the Anchor Structure Portfolio.

Power Management/Bus Control Portfolio

This portfolio, which is the second portfolio

which we acquired from IV16 and transferred to a newly-formed subsidiary, Semcon IP Inc., consists of four United States patents that

cover fundamental technology for adjusting the processor clock and voltage to save power based on the operating characteristics of the

processor and one United States patent that relates to coordinating direct bus communications between subsystems in an assigned channel.

In March 2016, we entered into a funding agreement

whereby a third party agreed to provide funds to us to enable us to implement a structured licensing program, including litigation if

necessary, for the Power Management/Bus Control Portfolio and engaged counsel on a partial contingency basis in connection with a proposed

patent infringement action relating to the Power Management/Bus Control.

Under the funding agreement, the third party received an interest

in the proceeds from the program.

The funding agreement was terminated in 2022.

Following the execution of the funding agreement

and partial contingency agreement with counsel, in April 2016, Semcon IP Inc.

brought patent infringement suits in the United States District

Court for the Eastern District of Texas against Huawei Technologies, MediaTek Inc., STMicroelectronics Inc., Texas Instruments Incorporated

and ZTE Corporation.

As of December 31, 2018, these actions had been settled and dismissed.

In May 2018, Semcon brought patent infringement

actions in the United States District Court for the Eastern District of Texas against AsusTeK Computer Inc., TCT Mobile International

al., LVMH Moet Hennessy Louis Vuitton, SE, and Shenzhen OnePlus Science & Technology Co., Ltd.

The AsusTeK Computer Inc., TCT Mobile International

al., LVMH Moet Hennessy Louis Vuitton, SE, and Shenzhen OnePlus Science & Technology Co., Ltd., actions were settled in

2020 and our revenue for 2020 includes revenue from these settlements.

We did not generate revenue from the Power Management/Bus Control

Portfolio in 2021 and we do not anticipate allocating further resources to its monetization.

Diode on Chip Portfolio

This portfolio, which is the third portfolio which

we acquired from IV16 and transferred to a newly-formed subsidiary, IC Kinetics Inc., consists of three United States patents and one

pending continuation application which cover technology relating to on-chip temperature measurement for semiconductors.

As of December

31, 2021, we did not generate any revenue from this portfolio.

CXT Portfolio

This portfolio consists of thirty United States

patents which cover technology relating to systems and methods of operating an accessible information database which provides for inventory

evaluation, filtering according to preferences, alternative product recommendations, and access to a database of consumer feedback/evaluation.

In April 2018 CXT brought a patent infringement

suit in the United States District Court for the Eastern District of Texas against Academy Ltd., In May 2018 CXT brought patent infringement

suits in the United States District Court for the Eastern District of Texas against Conn’s, Inc., Fossil Group, Inc., JC Penney

Company, Inc., and Tailored Brands, Inc.

In May 2019, CXT brought patent infringement actions in the United States District Court for

the Eastern District of Texas against Harbor Freight Tools USA, Inc., Hallmark.com, LLC, Retail Concepts, Inc.

and CC Filson Co.

2019, CXT brought patent infringement suits in the United States District Court for the Eastern District of Texas against Neiman Marcus

Group Ltd., General Nutrition Corporation and Steve Madden, Ltd.

In March 2021 CXT brought patent infringement

suits in the United States District Court for the Eastern District of Texas against Advanced Auto Parts, Inc., Costco Wholesale Corporation,

The Sherwin-Williams Company, V.F.

Corporation and IKEA North America Services, LLC.

In July 2021, HCL Technologies Limited (“HCL”),

as the world’ supplier of WebSphere Commerce products and citing CXT’s patent infringement suits against users of HCL’s

WebSphere Commerce products, brought an action in the United States District Court for the Eastern District of Texas seeking a declaratory

judgment that HCL’s WebSphere Commerce products do not infringe CXT’s patents and that CXT’s patents are invalid.

The actions against Conn’s, Inc., Academy

Ltd., Fossil Group, Inc., JC Penney Company, Inc., Tailored Brands, Inc., Harbor Freight Tools USA, Inc., Hallmark, Retail Concepts, CC

Filson, General Nutrition, Steve Madden, Ltd.

and Neiman Marcus Group Ltd.

were resolved in 2020

and revenue for the year ended December 31, 2020 includes revenue from any related settlements.

portfolio consists of eleven United States patents and sixteen foreign patents which cover technology relating to digital image

sensor technology systems and methods which PIS acquired on January 26, 2018.

April 2018 PIS brought patent infringement actions in the United States District Court for the District of Delaware against Lenovo

Group Ltd., AsusTek Computer Inc., Lorex Technology Inc., and NETGEAR, Inc.

As of December 31, 2019, all actions had been settled

and revenue for the year ended December 31, 2019 incudes revenue from these settlements.

We did not generate revenue from the

CMOS Portfolio in 2020.

portfolio consists of sixty United States patents and eight foreign patents which cover technology relating to processor and power

management which M-RED acquired on March 15, 2019.

April 29, 2019, M-Red brought patent infringement suits in the U.S.

District for the Eastern District of Texas against MediaTek

were resolved in 2020 and revenue for 2020 includes revenue

from any related settlements.

In 2021, the HCL matter was settled and dismissed

by mutual agreement pursuant to which HCL took a license to the CXT Portfolio and the actions against Advanced Auto Parts, Inc., Costco

Wholesale Corporation, The Sherwin-Williams Company, V.F.

Corporation and IKEA North America Services, LLC were resolved.

the year ended December 31, 2021 includes revenue from the resolution of these matters.

CMOS Portfolio

This portfolio consists of eleven United States

patents and sixteen foreign patents which cover technology relating to digital image sensor technology systems and methods which PIS acquired

on January 26, 2018.

We did not generate revenue from the CMOS Portfolio

in 2021 or 2020.

M-RED Portfolio

This portfolio consists of sixty United States

patents and eight foreign patents which cover technology relating to processor and power management which M-RED acquired on March 15,

On April 29, 2019, M-RED brought patent infringement

suits in the U.S.

District for the Eastern District of Texas against MediaTek Inc.

and Acer Inc.

On July 16, 2019, M-Red Inc.

a patent infringement suit in the U.S.

District for the Eastern District of Texas against Panasonic Corporation.

As of December 31, 2020,

all actions were settled and dismissed and revenue for the year ended December 31, 2020 incudes revenue from settlements.

In March 2021, M-RED brought patent infringement suits in the U.S.

District for the Eastern District of Texas against Nintendo Co., Ltd., Mitsubishi Electric Corporation and Xiaomi Corporation et.

In April 2021, the case against Nintendo Co., Ltd.

was dismissed without prejudice.

In August 2021, M-Red Inc.

brought a patent infringement

suit in the U.S.

District for the Eastern District of Texas against OnePlus Technology (Shenzhen) Co., Ltd.

In September 2021, M-RED Inc.

brought patent infringement suits in the U.S.

District for the Eastern District

of Texas against Panasonic Corporation.

As of December 31, 2020, all actions were settled and dismissed and revenue for the year

ended December 31, 2020 incudes revenue from settlements.

We did not generate revenue from the M-RED Portfolio in 2019.

March 2021, M-Red brought patent infringement suits in the U.S.

District for the Eastern District of Texas against Nintendo CO.,

Ltd., Mitsubishi Electric Corporation and Xiaomi Corporation et.

Messaging Portfolio

portfolio consists of five issued United States patents and one pending application which generally relate to systems and methods

for associating an audio clip with an object which our wholly-owned subsidiary, Audio Messaging Inc.

(“AMI”), acquired

in May of 2020.

Acquired in February 2021, this portfolio consists

of eight issued United States patents which generally relate to systems and methods for processing inbound and outbound communications,

for example, determining the location of a caller and routing the inbound communication to an entity in the caller’s location.

encounter and expect to continue to encounter competition in the areas of intellectual property acquisitions for the sake of licensure

from both private and publicly traded companies that engage in intellectual property monetization activities.

Such competitors

and potential competitors include companies seeking to acquire the same intellectual property assets and intellectual property

rights that we may seek to acquire.

Entities such as Acacia Research Corporation, Document Security Systems, Inc., Intellectual

Ventures, Quarterhill Inc., Conversant Intellectual Property Management Inc., VirnetX Holding Corporation, Network-1 Security

Solutions, Interdigital, Inc., IPValue Management Inc., Pendrell Corporation , Inventergy Global, Inc., Netlist Inc., Parkervision

Inc., , Walker Innovation, Inc., Daedalus Group LLC and others derive all or a substantial portion of their revenue from intellectual

property monetization activities, and we expect more entities to enter the market.

Most of our competitors have longer operating

histories and significantly greater financial resources and personnel than we have.

also compete with venture capital firms, strategic corporate buyers and various industry leaders for intellectual property and

technology acquisitions and licensing opportunities.

Many of these competitors have more financial and human resources than our

In seeking to obtain intellectual property assets or intellectual property rights, we seek to both demonstrate our understanding

of the intellectual property that we are seeking to acquire or license and our ability to monetize their intellectual property

Our weak cash position and history of losses, together with our low stock price, may impair our ability to negotiate successfully

with the intellectual property owners.

companies may develop competing technologies that offer better or less expensive alternatives to intellectual property rights

that we may acquire and/or out-license.

Many potential competitors may have significantly greater resources than we do.

The development

of technological advances or entirely different approaches could render certain of the technologies owned or controlled by our

operating subsidiaries obsolete and/or uneconomical.

Property Rights

have twelve intellectual property portfolios:

financial data, mobile data, Turtle Pak, anchor structure, power management/bus

control, diode on chip, rich media, CXT, CMOS, M-RED, Audio Messaging and Peregrin.

The following table sets forth information

concerning our patents and other intellectual property.

Each patent or other intellectual property right listed in the table below

that has been granted is publicly accessible on the Internet website of the U.S.

District for the Eastern District of Texas against ASRock Inc., Biostar Microtech International

Corp., Giga-Byte Technology Co., Ltd.

and Micro-Star International Co.

As of December 31, 2021 the action against Giga-Byte Technology

has been stayed pending settlement.

The actions against Mitsubishi Electric Corporation,

ASRock Inc., and Micro-Star International Co.

were resolved in 2021 and our revenue for the year ended December 31, 2021 includes

revenue from any related settlements.

Audio Messaging Portfolio

This portfolio consists of five issued United

States patents and one pending application which generally relate to systems and methods for associating an audio clip with an object

which our wholly-owned subsidiary, Audio Messaging Inc.

(“AMI”), acquired in May of 2020.

Pursuant to an unsecured non-recourse

funding agreement, a third-party agreed to provide acquisition funding in the amount of $95,000 for the acquisition.

Under the funding

agreement, the third party funder is entitled to a priority return of funds advanced from net proceeds, as defined, recovered until the

funder has received $190,000.

The Company has no other obligation to the third party and has no liability to the funder in the event that

the Company does not generate net proceeds.

On October 8, 2021, AMI brought patent infringement

suits in the U.S.

District for the Eastern District of Texas against ZTE Corporation, Guangdong OPPO Mobile Telecommunications Corp.,

and Beijing Xiaomi Software Co., Ltd.

Peregrin Portfolio

Acquired in February 2021 by our wholly owned

subsidiary, Peregrin Licensing LLC (“PLL”), this portfolio consists of eight issued United States patents which generally

relate to systems and methods for processing inbound and outbound communications, such as, for example, determining the location of a

caller and routing the inbound communication to an entity in the caller’s location (the “Peregrin Portfolio”).

the portfolio pursuant to an agreement with Peter K.

Trzyna (“PKT”) whereby PKT assigned us all right, title, and interest

in a portfolio of eight United States patents, we paid PKT $350,000 at closing and agreed that upon the realization of gross proceeds

from the Peregrin Portfolio we shall make subsequent installment payment or payments in the aggregate amount of $93,900.

Thereafter, PKT

is entitled to a percentage of any gross proceeds realized.

In July 2021, PLL brought patent infringement

suits in the U.S.

District for the Eastern District of Texas against Bank of America Corporation, Discover Financial Services, U.S.

and Wells Fargo & Co.

All actions were resolved in 2021 and our revenue for the year ended December 31, 2021 includes revenue

from any related settlements.

Taasera Portfolio

Acquired by our wholly-owned subsidiary, Taasera

Licensing LLC (“TLL”), this portfolio consists of 29 United States patents and 2 foreign patents which generally relate to

the field of network security (the “Taasera Portfolio”).

In June 2021 seven patents were acquired via assignment from Taasera,

for the purchase price of $250,000.

In August 2021 acquired a portfolio of network security patents from Daedalus Blue LLC (“DBL”)

consisting of 22 United States patents and 2 foreign patents.

Original assignees of the patents acquired from DBL include International

Business Machines Corporation, Internet Security Systems, Inc.

and Fiberlink Communications Corporation (“Fiberlink”).

and Fiberlink were acquired by IBM in 2006 and 2013, respectively.

In September 2019, IBM divested over 500 United States patent assets,

as well as a number of foreign counterparts in Asia, Europe, and elsewhere, to Daedalus Group, and affiliate of DBL.

Pursuant to the acquisition

agreement, DBL is entitled to a portion of the net proceeds from monetization of the TLL portfolio.

In November 2021, TLL brought patent infringement

suits in the U.S.

District for the Eastern District of Texas against Trend Micro Incorporated.

In February 2022, TLL brought patent infringement

suits in the U.S.

District for the Eastern District of Texas against Checkpoint Software Technologies Ltd.

and Palo Alto Networks, Inc.

Soundstreak Portfolio

Acquired through our acquisition of all of the

issued and outstanding equity interests of Soundstreak Texas LLC (“STX”) in August 2021 for a purchase price consisting of

50% of the net proceeds resulting from monetization of the patent portfolio, this patent portfolio consists of three United States patents

and one pending patent application which generally relate to streaming data (including audio or video) while also storing higher quality

versions of the same data locally.

The patented technology has applications in the professional recording industry, digital audio/video

industries, the drone/remote capture industry, the teleconferencing industry, and more.

In August 2021, STX brought a patent infringement suit in the U.S.

District for the Eastern District of Texas against Yamaha Corporation and Steinberg Media Technologies GMBH.

In September 2021, STX brought

patent infringement suits in the U.S.

District for the Eastern District of Texas against Sony Group Corporation, Panasonic Corporation,

Olympus Corporation and Nikon Corporation.

The actions against Sony Group Corporation, Panasonic

Corporation, Olympus Corporation and Nikon Corporation were resolved in 2021 and our revenue for the year ended December 31, 2021 includes

revenue from any related settlements.

In March 2022, STX brought a patent infringement suit in the U.S.

for the Eastern District of Texas against Parrot SA, Delair SAS, Drone Volt, SA, EHang Holdings Limited and Flyability SA.

Multimodal Media Portfolio

Acquired by the our wholly owned subsidiary, Multimodal

Media LLC (“MML”) in October 2021, the Multimodal Media portfolio consists of ten United States patents and one pending application

which generally relate to systems and methods of recording and sending interactive messages and voice messages using mobile devices, as

well as completing a communication after an incomplete call (the “Multimodal Media Portfolio”).

MML advanced $550,000 at closing

pursuant to an agreement with Aawaaz Inc.

Under the agreement, MML retains an amount equal to the purchase price plus

any fees incurred out of net proceeds, as defined in the agreement, after which AI is entitled to a percentage of further net proceeds

realized, if any.

The Multimodal Media Portfolio was originally

developed by Kirusa, Inc., a communications software development company founded in 2001 by Inderpal Mumick together with other technocrats

with a dream of connecting people through the power of voice.

Heralded by the invention of Voice SMS, Kirusa, Inc.

was born with a vision

to revolutionize the experiences users derived from their mobile phones.

In November 2021, MML brought patent infringement

suits in the U.S.

District for the Eastern District of Texas against ZTE Corporation and Guangdong OPPO Mobile Telecommunications Corp.,

LS Cloud Storage Portfolio

We acquired this portfolio through our acquisition

of all of the issued and outstanding equity interests of LS Cloud Storage Technologies LLC (“LSC”) in November 2021, the LS

Cloud Portfolio consists of four United States patents which generally relate to data sharing using distributed cache.

In March 2022, LSC brought patent infringement

suits in the U.S.

District for the Eastern District of Texas against Microsoft Corporation, Google LLC, Cisco Systems, Inc.

and Amazon.com,

We encounter and expect to continue to encounter

competition in the areas of intellectual property acquisitions for the sake of licensure from both private and publicly traded companies

that engage in intellectual property monetization activities.

Such competitors and potential competitors include companies seeking to

acquire the same intellectual property assets and intellectual property rights that we may seek to acquire.

Entities such as Acacia Research

Corporation, Document Security Systems, Inc., Intellectual Ventures, Quarterhill Inc., Conversant Intellectual Property Management Inc.,

VirnetX Holding Corporation, Network-1 Security Solutions, Interdigital, Inc., IPValue Management Inc., Pendrell Corporation, Inventergy

Global, Inc., Netlist Inc., Parkervision Inc., Walker Innovation, Inc., Daedalus Group LLC and others derive all or a substantial portion

of their revenue from intellectual property monetization activities, and we expect more entities to enter the market.

Most of our competitors

have longer operating histories and significantly greater financial resources and personnel than we have.

We also compete with venture capital firms, strategic

corporate buyers and various industry leaders for intellectual property and technology acquisitions and licensing opportunities.

of these competitors have more financial and human resources than our company.

In seeking to obtain intellectual property assets or intellectual

property rights, we seek to both demonstrate our understanding of the intellectual property that we are seeking to acquire or license

and our ability to monetize their intellectual property rights.

Our weak cash position and history of losses, together with our low stock

price, may impair our ability to negotiate successfully with the intellectual property owners.

Other companies may develop competing technologies

that offer better or less expensive alternatives to intellectual property rights that we may acquire and/or license.

Many potential competitors

may have significantly greater resources than we do.

The development of technological advances or entirely different approaches could

render certain of the technologies owned or controlled by our operating subsidiaries obsolete and/or uneconomical.

Intellectual Property Rights

We have fifteen intellectual property portfolios:

financial data, mobile data, Turtle Pak, anchor structure, power management/bus control, diode on chip, rich media, CXT, CMOS, M-RED,

Audio Messaging, Peregrin, Taasera, Soundstreak, Multmodal Media and LS Cloud.

The following table sets forth information concerning our

patents and other intellectual property.

Each patent or other intellectual property right listed in the table below that has been granted

is publicly accessible on the Internet website of the U.S.

Patent and Trademark Office at www.uspto.gov.

the table below, the anchor structure portfolio is referred to as Mariner, the power management/bus control portfolio is referred

to as Semcom, the diode on chip portfolio is referred to as IC and the Audio Messaging is referred to as AMI.

/ Publication

In the table below, the

anchor structure portfolio is referred to as Mariner, the power management/bus control portfolio is referred to as Semcom, the diode on

chip portfolio is referred to as IC, the Audio Messaging portfolio is referred to as AMI, the Peregrin portfolio is referred to as PLL,

the Taasera portfolio is referred to as TLL, the Soundstreak portfolio is referred to as STX, the Multimodal Media portfolio is referred

to as MML and the LS Cloud portfolio is referred to as LSC.

Issue / Publication

Financial Data

Programmable multiple

company credit card system

and method for supplying information

Apparatus and method

for supplying information

Apparatus and method

for supplying information

Programmable multiple company credit card system

Apparatus and method for supplying information

US Application

Apparatus and method

for supplying information

Film wrap packaging

apparatus and method

Turtle pak - design

plus words, letters, and/or numbers

Method and apparatus

for preventing cracks in semiconductor die

Method and apparatus

for preventing cracks in semiconductor die

Apparatus and method for supplying information

Film wrap packaging apparatus and method

Turtle pak - design plus words, letters, and/or numbers

Method and apparatus for preventing cracks in semiconductor die

Adaptive power control

/ Publication

Issue / Publication

Adaptive power control

4 unchanged sentences

Adaptive power control

Reexam Certificate

Adaptive power control

System and method

for controlling communications between subsystems

System for on-chip

temperature measurement in integrated circuits

System for on-chip

temperature measurement in integrated circuits

System for on-chip

temperature measurement in integrated circuits

System and method for controlling communications between subsystems

System for on-chip temperature measurement in integrated circuits

US Application

System for on-chip

temperature measurement in integrated circuits

Patent Proceeds

Methods, systems,

and processes for the design and creation of rich media applications via the internet

Online product exchange

system with price-sorted matching products

Product exchange

Suppporting intuitive

decision in complex multi-attributive domains using fuzzy, hierarchial expert models

Database evaluation

system suppporting intuitive decision in complex multi-attributive domains using fuzzy, hierarchial expert models

Automated and independently

accessible inventory information exchange system

Automated and independently

accessible inventory information exchange system

Automated and independently

accessible inventory information exchange system

System for delivering

and simultaneously displaying primary and secondary information, and for displaying only the secondary information during

interstitial space

/ Publication

Online exchange

market system with a buyer auction and a seller auction

System, method,

and article of manufacture for making a compatibility aware recommendation to a user

System and method

for implementing intelligent online community message board

System and method

for managing online message board

Online content provider

system and method

Online content provider

system and method

Online content provider

system and method

System and method

for managing an online messaging board

Content query system

Online content tabulating

system and method

Online content tabulating

system and method

Electronic customer

service and rating system and method

System and method

for generating, capturing, and managing customer lead information over a computer network

Storage, management

and distribution of consumer information

Consumer-controlled

limited and constrained access to a centrally stored information account

Consumer-controlled

limited and constrained access to a centrally stored information account

Storage, management

and distribution of consumer information

Branding and revenue

sharing models for facilitating storage, management and distribution of consumer information

Single sign-on for

access to a central data repository

Initiation of an

information transaction over a network via a wireless device

/ Publication

Single sign-on for

access to a central data repository

CMOS image sensor

having enhanced photosensitivity and method for fabricating the same

System for on-chip temperature measurement in integrated circuits

Patent Proceeds Interest

Methods, systems, and processes for the design and creation of rich media applications via the internet

Online product exchange system

Online product exchange system with price-sorted matching products

Product exchange system

Suppporting intuitive decision in complex multi-attributive domains using fuzzy, hierarchial expert models

Database evaluation system suppporting intuitive decision in complex multi-attributive domains using fuzzy, hierarchial expert models

Automated and independently accessible inventory information exchange system

System for delivering and simultaneously displaying primary and secondary information, and for displaying only the secondary information during interstitial space

Issue / Publication

Online exchange market system with a buyer auction and a seller auction

System, method, and article of manufacture for making a compatibility aware recommendation to a user

System and method for implementing intelligent online community message board

System and method for managing online message board

Online content provider system and method

System and method for managing an online messaging board

Content query system and method

Online content tabulating system and method

Electronic customer service and rating system and method

System and method for generating, capturing, and managing customer lead information over a computer network

Storage, management and distribution of consumer information

Consumer-controlled limited and constrained access to a centrally stored information account

Storage, management and distribution of consumer information

Branding and revenue sharing models for facilitating storage, management and distribution of consumer information

Single sign-on for access to a central data repository

Initiation of an information transaction over a network via a wireless device

Issue / Publication

Single sign-on for access to a central data repository

CMOS image sensor having enhanced photosensitivity and method for fabricating the same

Korean Patent

Method for fabricating

cmos image sensor

CMOS image sensor

having enhanced photosensitivity and method for fabricating the same

CMOS image sensor

with equivalent potential diode and method for fabricating the same

Method for fabricating cmos image sensor

CMOS image sensor having enhanced photosensitivity and method for fabricating the same

CMOS image sensor with equivalent potential diode and method for fabricating the same

Chinese Patent

CNZL99105588.8

Complementary mos

image sensor and making method thereof

Complementary mos image sensor and making method thereof

Chinese Patent

CNZL200310104488.4

Image sensing device

and its manufacturing method

Image sensing device and its manufacturing method

German Patent

Photodiode used

in cmos image sensing device

Photodiode used in cmos image sensing device

French Patent

Photodiode for use

in a cmos image sensor and method for fabricating the same

Photodiode for use in a cmos image sensor and method for fabricating the same

French Patent

Photodiodes for

image sensors

Photodiodes for image sensors

United Kingdom Patent

Photodiode for use

in a cmos image sensor and method for fabricating the same

Photodiode for use in a cmos image sensor and method for fabricating the same

United Kingdom Patent

CMOS image sensor

and method for fabricating the same

CMOS image sensor and method for fabricating the same

Japanese Patent

CMOS image sensor

and manufacture thereof

CMOS image sensor and manufacture thereof

Korean Patent

CMOS image sensor

and manufacturing method thereof

CMOS image sensor and manufacturing method thereof

Taiwanese Patent

CMOS image sensor

with equivalent potential diode

CMOS image sensor

with equivalent potential diode

CMOS image sensor

integrated together with memory device

CMOS image sensor

integrated together with memory device

CMOS image sensor with equivalent potential diode

CMOS image sensor integrated together with memory device

Korean Patent

CMOS image sensor

integrated with memory device

Solid state ccd

image sensor having a light shielding layer

/ Publication

CMOS image sensor integrated with memory device

Solid state ccd image sensor having a light shielding layer

Issue / Publication

Korean Patent

Solid state image

device and fabrication method thereof

Solid state image

sensor and method for fabricating the same

Method and system

for single-chip camera

Photodiode having

a plurality of PN junctions and image sensor having the same

Solid state image device and fabrication method thereof

Solid state image sensor and method for fabricating the same

Method and system for single-chip camera

Photodiode having a plurality of PN junctions and image sensor having the same

Japanese Patent

Pinned photodiode

of image sensor, and its manufacture

Pinned photodiode of image sensor, and its manufacture

Korean Patent

Pinned photodiode

of image sensor and manufacturing method thereof

Pinned photodiode of image sensor and manufacturing method thereof

Taiwanese Patent

Photodiode having

a plurality of PN junctions and image sensor having the same

Photodiode having

a plurality of PN junctions and image sensor having the same

Ring oscillator

dynamic adjustments for auto calibration

Ring oscillator

dynamic adjustments for auto calibration

Ring oscillator

dynamic adjustments for auto calibration

Method and apparatus

for evaluating a known good die using both wire bond and flip-chip interconnects

Method and apparatus

for evaluating a known good die using both wire bond and flip-chip interconnects

Oscillator circuit

controlled by programmable logic

Method, architecture

and circuit for controlling and/or operating an oscillator

Electrical sensing

apparatus and method utilizing an array of transducer elements

Electrical sensing

apparatus and method utilizing an array of transducer elements

Low dielectric-constant

dielectric for etchstop in dual damascene backend of integrated circuits

Switching amplifier

with voltage-multiplying output stage

Programmable Logic

Device Including Bi-Directional Shift Register

/ Publication

Multiport non-blocking

high capacity atm and packet switch

Inductor for Integrated

Monolithic Integrated

Circuit Incorporating An Inductive Component And Process For Fabricating Such An Integrated Circuit

Article comprising

a mechanically compliant bump

Method of making

a mechanically compliant bump

Method of fabricating

a high power RF field effect transistor with reduced hot electron injection and resulting structure

Calibrated DC compensation

system for a wireless communication device configured in a zero intermediate frequency architecture

System and method

for detecting and correcting phase error between differential signals

Quadrature oscillator

with phase error correction

Precision automatic

gain control circuit

Automatic gain control

system and method for a ZIF architecture

Packet acquisition

and channel tracking for a wireless communication device configured in a zero intermediate frequency architecture

DC compensation

system for a wireless communication device configured in a zero intermediate frequency architecture

Method and apparatus

for convolution encoding and viterbi decoding of data that utilize a configurable processor to configure a plurality of re-configurable

processing elements

Apparatus and method

for an improved performance VLIW processor

Micro Controller

Development System

Apparatus For Reducing

An Electrical Noise Inside A Ball Grid Array Package

Bond Pad Structure

And Its Method Of Fabricating

/ Publication

Method of programming

PLDs using a wireless link

Control signal generator

for an overvoltage-tolerant interface circuit on a low voltage process

Fabrication method

for gate spacer

Electrostatic discharge

protection circuit

MOS transistors

having dual gates and self-aligned interconnect contact windows

Method of manufacturing

a semiconductor device

Clock and data recovery

with a feedback loop to adjust the slice level of an input sampling circuit

Digitally controlled

crystal oscillator with integrated coarse and fine control

Method, circuit

and/or architecture to improve the frequency range of a voltage controlled oscillator

Stacking system

Panel stacking of

BGA devices to form three-dimensional modules

Three-dimensional

memory stacking using anisotropic epoxy interconnections

Panel stacking of

BGA devices to form three-dimensional modules

Panel stacking of

BGA devices to form three-dimensional modules

Panel stacking of

BGA devices to form three-dimensional modules

Chip stack with

differing chip package types

Chip stack with

differing chip package types

Multimedia arbiter

and method using fixed round-robin slots for real-time agents and a timed priority slot for non-real-time agents

Multimedia round-robin

arbitration with phantom slots for super-priority real-time agent

Process for obtaining

a layer of single-crystal germanium or silicon on a substrate of single-crystal silicon or germanium, respectively

/ Publication

Process for obtaining

a layer of single-crystal germanium or silicon on a substrate of single-crystal silicon or germanium, respectively, and multilayer

products obtained

Disabling a defective

element in an integrated circuit device having redundant elements

Reconfigurable functional

units for implementing a hybrid vliw-simd programming model

Method For Error

Recognition In A Processor System

Method for fabricating

metal interconnected structure

Method for fabricating

metal oxide semiconductor

Stackable ball grid

array module and method

Semiconductor device

with high-temperature-stable gate electrode for sub-micron applications and fabrication thereof

Semiconductor device

with high-temperature-stable gate electrode for sub-micron applications and fabrication thereof

Photodiode having a plurality of PN junctions and image sensor having the same

Ring oscillator dynamic adjustments for auto calibration

Method and apparatus for evaluating a known good die using both wire bond and flip-chip interconnects

Oscillator circuit controlled by programmable logic

Method, architecture and circuit for controlling and/or operating an oscillator

Electrical sensing apparatus and method utilizing an array of transducer elements

Low dielectric-constant dielectric for etchstop in dual damascene backend of integrated circuits

Switching amplifier with voltage-multiplying output stage

Programmable Logic Device Including Bi-Directional Shift Register

Issue / Publication

Multiport non-blocking high capacity atm and packet switch

Inductor for Integrated Circuit

Monolithic Integrated Circuit Incorporating An Inductive Component And Process For Fabricating Such An Integrated Circuit

Article comprising a mechanically compliant bump

Method of making a mechanically compliant bump

Method of fabricating a high power RF field effect transistor with reduced hot electron injection and resulting structure

Calibrated DC compensation system for a wireless communication device configured in a zero intermediate frequency architecture

System and method for detecting and correcting phase error between differential signals

Quadrature oscillator with phase error correction

Precision automatic gain control circuit

Automatic gain control system and method for a ZIF architecture

Packet acquisition and channel tracking for a wireless communication device configured in a zero intermediate frequency architecture

DC compensation system for a wireless communication device configured in a zero intermediate frequency architecture

Method and apparatus for convolution encoding and viterbi decoding of data that utilize a configurable processor to configure a plurality of re-configurable processing elements

Apparatus and method for an improved performance VLIW processor

Micro Controller Development System

Apparatus For Reducing An Electrical Noise Inside A Ball Grid Array Package

Bond Pad Structure And Its Method Of Fabricating

Issue / Publication

Method of programming PLDs using a wireless link

Control signal generator for an overvoltage-tolerant interface circuit on a low voltage process

Fabrication method for gate spacer

Electrostatic discharge protection circuit

MOS transistors having dual gates and self-aligned interconnect contact windows

Method of manufacturing a semiconductor device

Clock and data recovery with a feedback loop to adjust the slice level of an input sampling circuit

Digitally controlled crystal oscillator with integrated coarse and fine control

Method, circuit and/or architecture to improve the frequency range of a voltage controlled oscillator

Stacking system and method

Panel stacking of BGA devices to form three-dimensional modules

Three-dimensional memory stacking using anisotropic epoxy interconnections

Panel stacking of BGA devices to form three-dimensional modules

Chip stack with differing chip package types

Multimedia arbiter and method using fixed round-robin slots for real-time agents and a timed priority slot for non-real-time agents

Multimedia round-robin arbitration with phantom slots for super-priority real-time agent

Process for obtaining a layer of single-crystal germanium or silicon on a substrate of single-crystal silicon or germanium, respectively

Issue / Publication

Process for obtaining a layer of single-crystal germanium or silicon on a substrate of single-crystal silicon or germanium, respectively, and multilayer products obtained

Disabling a defective element in an integrated circuit device having redundant elements

Reconfigurable functional units for implementing a hybrid vliw-simd programming model

Method For Error Recognition In A Processor System

Method for fabricating metal interconnected structure

Method for fabricating metal oxide semiconductor

Stackable ball grid array module and method

Semiconductor device with high-temperature-stable gate electrode for sub-micron applications and fabrication thereof

Korean Patent

Method of manufacturing

a semiconductor device

Method of manufacturing a semiconductor device

British Patent

Process for obtaining

a layer of single crystal germanium or silicon on single crystal silicon or germanium substrate respectively, and multilayer

products thus obtained

Process for obtaining a layer of single crystal germanium or silicon on single crystal silicon or germanium substrate respectively, and multilayer products thus obtained

Italian Patent

Process for obtaining

a layer of single crystal germanium or silicon on single crystal silicon or germanium substrate respectively, and multilayer

products thus obtained

Process for obtaining a layer of single crystal germanium or silicon on single crystal silicon or germanium substrate respectively, and multilayer products thus obtained

Korean Patent

Method of fabricating

a high power rf field effect transistor with reduced hot electron injection and resulting structure

Method of fabricating a high power rf field effect transistor with reduced hot electron injection and resulting structure

French Patent

Monolithic Integrated

Circuit Comprising An Inductor And A Method Of Fabricating The Same

Monolithic Integrated Circuit Comprising An Inductor And A Method Of Fabricating The Same

French Patent

Inductive Component,

Integrated Transformer, In Particular For A Radio Frequency Circuit, And Associated Integrated Circuit With Such Inductive

Component Or Integrated Transformer

/ Publication

Inductive Component, Integrated Transformer, In Particular For A Radio Frequency Circuit, And Associated Integrated Circuit With Such Inductive Component Or Integrated Transformer

Issue / Publication

Japanese Patent

Method of manufacturing

a semiconductor device

Method of manufacturing a semiconductor device

Japanese Patent

Electric sensor

device, method for generating electric signal from array of converter element

System and method