Ann: Shareholder Update - December 2015 Quarter, page-13

Recall it was mentioned about favourable terms late in the piece.

Also we know that the wand was for OBJ to get in the door.

OBJ received an upfront payment when the launch happened, and for a moment it was reported that way. The following report it showed up as recovery revenue.

This got me thinking as to what they where up to.

Then we get 2 products are to be licensed, yet only one we new of being wave 2

so what was the new one.

Then I get G saying that terms ie frequency of royalty payment and if costs are to be recovered has been determined only that it will be based on wholesale price (That's obvious and standard)

there was something in his response about the 2 coming from the initial wand
So I put it to him are you renegotiating the wand

today we get the wand is being renegotiated. Why because PG are going to full launch the product.

So 2 licenses will be locked in near term with potential for an upfront only on the wave 2.

with royalties to follow earliest Sept given the launch will happen this qtr and if no advertising/marketing costs are to be recovered by PG. Otherwise don't expect to much until March 2017

We await the detail.

Looking forward to the launch with the initial unit sales update.