First thing I checked in the 10Q was how much Wolverine's lump sum payment was. I was EXTREMELY confused to see a big, fat ZERO for patent license revenue during the last quarter. So I sent RP an email asking why there was no patent revenue when their press release dated 12/10/09 clearly said Wolverine would pay an undisclosed lump sum payment. Robert wrote back very quickly (see email below). Apparently, Wolverine will pay the lump sum payment in November 2010. It's all good!

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Hi, Michael,

The following is taken from page 16 of today's Form 10Q:

"In December 2009 we licensed and settled with one defendant that agreed to make a lump sum payment in November 2010 for past infringing sales through December 31, 2009 and to pay an annual royalty for any on-going sales that practice our U.S. Patent 5,491,774, until its expiration."

The lump sum for past infringing sales and any sales of infringing product that occurred between the signing of the agreement and December 31, 2009 are expected to be recorded in the quarter ending December 31, 2010.

Best regards,
Robert