22nd Century Group Inc (XXII)

[Orion Nebula]

Pete it is my understanding they cannot market a product anywhere in the world based on the research until BAT exercises the option for the commercial term of the agreement, which BAT has yet to do. They are still in the research term, which prohibits either company from commercializing the results of the research. BAT can exercise at any time or elect to wait until the expiration of the research term. I think they will exercise before the expiration of the research term. It would be a major announcement if and when BAT exercises the option to enter the commercial term and, to me,indicate some products are ready for commercialization. I would rather see that than the MSA and believe me I want to see the MSA.