I don't know about that paragraph, but the interpretation that 'if you have one RHEL subscription, moving RPMs to other computers is breach of the contract' really seems like 'imposing further restrictions on the recipient's exercise of the rights granted' [by GPL].
You aren't restricted by the additional licenses added to GPL software, you are restricted by the subscription license agreement. The software source code is freely available, as required by the GPL, on the Red Hat ftp site. The subscription & RHN service is not freely distributed, and that subscription license states that Red Hat will not support any system that does not have a subscription.
So it seems to me the only way to get RHEL without paying for it is to download the SRPMS, build them yourself, and never get Red Hat involved at all.
Tom
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