Hedera and Swirlds came to an agreement on the purchase price for the hashgraph IP based on a number of factors. The purchase price was largely derived from a net present value (NPV) calculation of the cost to buy out the pre-existing master license agreement with Swirlds, through which Hedera paid Swirlds monthly license fees to use the hashgraph IP (that agreement is now being terminated). The purchase agreement also includes a non-compete clause for Swirlds, Mance Harmon, and Dr. Leemon Baird. The purchase price for the hashgraph IP paid by Hedera Hashgraph, LLC to Swirlds, Inc. was 292,682,666.871142 hbars, representing a USD value of $76,340,420. The conversion price used was $0.26083/hbar, which is the 30-day trailing average USD price of hbars as of January 31, 2022.