2012 Catalysts, Renewals and New Deals

For 2012, specific timing on when agreements will be inked is difficult to predict. In spite of that, there are a number of catalysts that investors should keep in mind. For the expiring agreements, we know the dates. For current litigation we know to focus on events which in the past have led parties on either side to come to the table and sign licensing agreements. We believe investors should focus on both during 2012. Exhibit 1 shows the upcoming litigation schedule.

Renewal Opportunities - Nokia's license is coming due at the end of December 2011. We expect a significantly larger renewal than the $15 million in cash they received from Nokia in 2006. Other material renewal dates include RIM (est. August 2013 for major patents) and Samsung (est. 2014). In each case, these agreements are expected to be substantially larger than the original deals. In the past, these OEMs signed very narrow agreements. Our rational for a larger agreement is that Wi-LAN's patent portfolio has grown from 146 just after the Nokia signing in 2006 to 370 patents in July of 2009 to over 1400 patents currently issued or pending. Many of these acquired patents cover technologies dealing with various 2G, 3G (general GSM patents, EDGE, CDMA2000, HSPA) and 4G (LTE and WiMAX) technologies as well as in areas such as Bluetooth, mobile messaging and wireless data transmission that all read on mobile devices. It is our understanding that Wi-LAN will focus on bringing a number of technologies into these renegotiations that should ultimately yield higher royalty rates.