Well, I can see where you're misreading, at least.
Thats one clause in the license. As that is a legal document and not simply stray paragraphs, It cannot be read in isolation, it only applies if you follow every term in that license. You can't snip out the grant by itself and pretend the obligations listed in that license don't exist. Even if you do, your own highlighted text says
"with the exact terms of this License" - you need to read and follow those terms for any of the license text to be valid. Otherwise you're in breach of contract, as well as violation of copyright.
Now we get to this bit:
If you are for any reason unable to follow those terms, and do not fix it within 30 days, the license terminates, and you no longer have that perpetual, etc, license you were granted in 4.