Ann: Quarterly Activities/Appendix 4C Cash Flow Report, page-39

We still have the $7 mill owed by delta which will be triggered with our first commercial deal with them. Maybe its sooner than we think. We have no roadblocks from here on in with the APB AMOC. With the pricing model in place, I cant see anything stopping delta signing on the dotted line. This is from the strategic restructuring ANN 6 weeks ago.

The new policy as we transition CVM™ towards full commercialization via AEM, will also see engagement
with experienced external consultants, as identified by the SMN Executive Vice President of Business
Development, assisting the development of realistic commercial validation packages for CVM™ sensor
technologies to be presented to airline executive teams.

Work is also being done to finalise realistic industry accepted pricing scenarios to ensure the technology
is sufficiently valued in terms of benefit to the industry while also adhering to operators ROI requirements.
The intention is to quickly progress the development of realistic costing models via industry focused
external consultancy firms towards effectively communicating the economic benefits of implementing
CVM™ technology to airlines.

Strategic Restructuring