Ann: Revised Arrangements Agreed with Ebtec, page-9

The good
"The performance incentives to Ebtec have also been revised, with an amount of EUR €250,000 set aside from the KfW Facility A drawdown and to be placed into escrow, payable to Ebtec upon the SOP Plant achieving a simplified performance test, being the SOP production output equivalent to the minimum performance specification set out in the original EPS Services agreement."

The bad
No quantification in the announcement of grade and tonnage of SOP produced over a set time frame , or ongoing guarantees

The Ugly
Feed grade and tonnage to the plant is determined by factors independent of Ebtec