Attendance was about 115 people counting board and about 10-15 people who are with either the Leckrones or Dutton groups. IMO Rick was very professional. All amendments were passed no numbers were given. Agenda was (1) Patriot overview and key objectives ,(2)Patriots transition to an operating company. (3) MMP portfolio overview (Mac Leckrone/Alliacense), (4) Crossflo systems completed Sept 1.

Engaged Imperial Capital to pursue broader M& A. Established M.& A. committee by Don Schrock. Mac Leckrone explained how most of the technical research and recording is done in Cupertino but that they also have a mobile lab. Said they have a 3 million part data base which is believed to be the largest in the world as a result of their reverse engineering , circuit extraction and product report production of infringers equipment. Said their sale department had 641 meeting between Q3-07 and Q3- 08. They have 12 interpreters and alliasence supplies them with detailed analysis for every meeting. they had a 25% increase in companies they talked to this year. EFFECTIVE ROYALTY RATE HAS BEEN INCREASING.

Dan Leckrone then spoke about the litigation activity. Said he didn't care which court we ended up in, Marshall or San Jose. He then spoke about how the gang of 7 (7 largest electronic companies) were trying to pass bills weakening patent rights. If successful would weaken the MMP by 50-90%. Said he felt the key to defeating bills was education of law makers.

Renny Senn (Crossflo Systems) then spoke about how Crossflo allows data bases to share info. quickly. Also said they had been working with H.P. for four years and received their first money from them last month. 75.8 billion annual market. Said most of meeting would be posted on web site next week. Doc