FAIL: Looks like it was written by a team of lawyers, with the intended audience being laywers.
PASS: [Clause 2a, 2b]
PASS: [Clause 3]
PASS: Caveat: If a license appears in "the Program", it may not be removed. [Clause 3]
FAIL: Requires that the license state the location of the source and how to obtain it.
No such restrictions.
FAIL: While this license is not what I would call "simple to read and understand", it does look like it has been thoroughly written by possibly qualified lawyers. It also looks like it could be made to be conforming without much difficulty. The main point of interest is in the liability verbiage, which looks much more mature than most licenses. Whether it is enforceable, or offers more or less protection than other licenses should probably be ascertained by a qualified legal professional.
-- David B. Held