|Like I said before I'll be disappointed if they don't get a big bump in money and a nice 5 year term.|
While I would definitely take a five year contract, I would trade a little lower royalty rate for six years. That would take us until the end of 2023 so UDC wouldnt have both LGD and Samsung expiring at the exact same time. It would also help prove out their claims that their royalty stream will not expire with their core iridium and ligand patents.
UDC has signed Samsung to two contracts during their history. The first, signed in 2006, was characterized as a "sweetheart" deal. The second was called a "no downside" deal. I am hoping that UDC's negotiators do better this time around.