Ann: Agreement Signed with Arcadyan, page-148

As part of the formalisation process, Arcadyan will have a non-exclusive Global license to
use the listed Xped technologies in their IRX200/GRX350 platform with Bluetooth/Zigbee
IoT Gateway devices and products.
Now that a Memorandum of Understanding has been signed Xped and Arcadyan will enter
into a detailed technical exchange to verify Xped technologies integrate successfully with
Arcadyan products before official launch.
Xped hopes to reach a binding agreement with Arcadyan in Q2 2017. An update will be
made to the market as soon as progress has been made but formalities are advanced and
both companies are providing both legal and technical resources to ensure agreements are
finalised as quickly as commercially possible. Subject to binding licensing deals being
signed revenue is anticipated to commence in Q4 2017.
Xped’s Managing Director commented: “Arcadyan are a great company and have a Global
customer base in both the Retail and Telco markets. Xped’s technologies are a great fit for
their products and we look forward to working closely to formalise a binding licensing
agreement and develop a long term working relationship with Arcadyan with our
revolutionary suite of technologies”