Here is some 'Language' I found on Ucore and IBC6. NON-REFUNDABLE ADVANCE ON TECHNOLOGY The Company has an option to make payments of $2.9 million USD to secure the exclusive, perpetual, full and royalty free license and authorization to use, enjoy and benefit from the proprietary Superlig Molecular Recognition Technology (MRT) intellectual property for rare earth purification, tailings remediation, and related recycling applications. To date, the Company has made non-refundable payments totaling $2,381,729 ($1,740,000 USD) to IBC Advanced Technologies Inc. (IBC) with respect to this option. These payments, when complete will result in the creation of a joint venture entity controlled by the Company which will hold the rights to this technology. The non-refundable payments as well as a commitment to provide a minimum of $1,000,000 USD in start-up capital will form the basis for its contribution to the joint venture. The expected life of this intangible asset is indefinite; however the amortization method, useful life, and residual value will be assessed annually. The Company has capitalized the option payments as the expenditures meet the criteria for capitalization as intangible assets. In addition, the Company paid $841,050 ($650,000 USD) to secure additional rights with respect to MRT.