DW8 Growth, page-4457

With the very lenient KPIs in place for the 20M shares to be allocated I would expect and hope for this to be achieved within 6 months of B2B go-live (Oct-Nov 21). Our SP will continue to strengthen with a treasure trove of great announcements over that period so that $2.9M figure all of a sudden could be worth $6-8M. That's a considerably favourable deal for Robert. I'll be very interested to see if the equities are distributed to Bibendum or to Robert/personal trust. I see it as a mates rates agreement and given there's no new (no already mentioned) cash burn to the deal our balance sheet will continue to remain strong. We cannot forget the dilution factor though.

I'll be extremely disappointed if the shares are not allocated within the next 12 months as it will mean the work was just not put in by Bibendum, particularly within our startup phase. The key benefits to DW8 are the additional brands to expand our diverse range on offer but more importantly the trade buyers being brought into the go-live phase. The idea being our tech will be overwhelmingly beneficial to the end user and retention rates of these buyers will remain high. The higher the number of trade buyers the more compelling for new wineries and businesses to sign up and offer their products and vice versa for new buyers. and then we have exponential Aussie growth to encapsulate the entire market. Then we look to dominate the OS markets.

I'd hate for this deal set a precedence and for DT to possibly look like a bit of a walkover when it comes to negotiations. I'd love to see another 3-4 similar distribution deals done within the next 6-12 months but just not as generous with the bonus side of things. And tighter timeframes for achieving the milestones!