During the three months ended February 28, 2010 and 2009, TPL entered into licensing agreements with third parties, pursuant to which PDS recorded aggregate proceeds of $1,875,000 and $290,000, respectively.
During the nine months ended February 28, 2010 and 2009, TPL entered into licensing agreements with third parties, pursuant to which PDS recorded aggregate proceeds of $12,898,655 and $19,340,000, respectively. $2,000,000 of these proceeds are to be received in July 2010 and accordingly have been recorded as licenses receivable on the February 28, 2010 condensed balance sheet of PDS.