The "Extract DDL" option, when right-clicking on an object, is disabled or grayed-out and indicates "(Not Licensed)".
The current Toad for DB2 license does not have the 'DB Admin Module' add-on. If you think that you have been given a wrong license key and you actually purchased the 'DB Admin Module' add-on, please send an email to license@quest.com with the current license key and site message.