If DeaDTerra has the direct shares, then he can make a signed request to FC asking FC to transfer ownership of his (DeaDTerra's) shares to each of us (at our bitfunder public addresses).
So, why did DeaDTerra say to ask Ukyo?
But yeah, if both DeaDTerra and Ukyo go missing, FC can, at his discretion, transfer ownership of the PT shares to each of us, based on the published bitfunder asset list.