Sure, probably won't happen, but what if they get taken over by another company. How do I know they won't do that?
He then mentions distribution in order to distribute to others specifically if you elect to do so. But if I choose not to, the wording currently allows them to distribute no matter what my wishes are.
Again, not something they are likely to do. But with legal documents, surely it's a good idea not to give overarching rights that you never intended in the legal document?