I have read the Licensing and point 5c can maybe work in the US but i doubt it will hold ground here in Europe. Even 3b could be a problem here in Europe because when i write a code i am the copyright holder of that piece of code i have written also you state that code under that license if i make a new license for the stuff i write and exclude vbulletin or other staff members to use that code you are bound to that.
IB made a Licensing model but they should have adapted a current model to suite there needs. This model is incomplete and to simple solution is to use a existing one that you can adapt.
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