The following transactions involving intangible assets of Ivanhoe Corporation occurred on or near December 31, 2025. 1. Ivanhoe paid Grand Company $448,000 for the exclusive right to market a particular product, using the Grand name and logo in promotional material. The franchise runs for as long as Ivanhoe is in business. 2. Ivanhoe spent $714,000 developing a new manufacturing process. It has applied for a patent, and it believes that its application will be successful. 3. In January 2026, Ivanhoe's application for a patent (#2 above) was granted. Legal and registration costs incurred were $199,500. The patent runs for 20 years. The manufacturing process will be useful to Ivanhoe for 10 years. 4. Ivanhoe incurred $153,600 in successfully defending