Where are the license agreements and how much revenue will they raise?, page-18

I'll have to correct you there, OBJ have NOT said that the PDA extention is due at the end of April, that would mean certainty they have instead written 'expected extension'. Also I do not believe that the PDA expires at the end of this month, I have gone back to the initial PDA agreement on the 28/04/2015 and no where in that does it say that the PDA expires at any given date nor any other announcements since then from my memory, (if it did i'm sure it would have been discussed and dissected) until the recent presentation announcement where this topic arises but still no expiration date.

IMO due to the expanded products and activity between P&G and OBJ both parties have agreed to extend the existing PDA to put all work plans and developments under the same umbrella in an updated PDA agreement. This would mean that when the PDA extension is announced it is highly likely that Wave II and the whole face applicator along with the new SK-II magnetic wand update will be apart of that package.

This is my sole interpretation. If anyone can point to where it say that the PDA expires after two years that would be most welcome. Thoughts on this issue will also be appreciated.