Date:

Wed, 15 Mar 2006 22:09:23 -0800 (PST)

From:

"Commando Dave" <bulzidave@yahoo.com>

Subject:

RE: US Design Patent Des.400,941

To:

"Tamkin, Greg" <Tamkin.Greg@dorsey.com>

CC:

"Osman, Lee" <Osman.Lee@dorsey.com>

 

 


Mr. Tamkin:

 

Thank you for your reply.  I concede your point on the

waiver.  I will advise you once I am represented, so

we can arrange the conference call per your August 2,

2005 letter.  

 

Please be advised I am proceeding with the

understanding the provision of Item Eight of Nautilus,

Inc.’s Code of Business Conducts and Ethics has been

waived for the Nautilus officer working with you, by a

resolution of the Company's Board of Directors, in

accordance with Item 11.

 

Please confirm receipt.  Thank you.

 

Standing by;

 

Commando Dave

Bulzi Marketing Group

http://BulziMG.net

253.222.3091