agreement to acquire 100% of subsidiary, page-15

re: nice close The directors of Premier Bionics identified a confluence of three factors that represented a large commercial opportunity. These factors
are: the global medical diagnostics and devices market is estimated to be worth US$170 billion annually; Australian researchers have a
demonstrated capacity for creative contribution to innovation in medical devices and diagnostics; and, later stage Australian R&D
projects tend to be relatively under-funded.