We grand you, the purchaser of the theme, a non-exclusive wordwide license to use of the item under the terms that follow:
You're allowed to use this item in as many sites as you'd like owned by yourself.
You may not sell or redistribute this theme or any derivatives created using it, although you may transfer this license.
If you transfer the license, you must immediatly cease using the theme on any sites and destroy any copies of the theme you may have made.
You may make modifications to the theme, but you'll still have to follow the terms of this license.