Ann: Termination of White Label Agreement, page-25

I'm processing this myself, specifically the agreement around shares issued to ORG.

From the SLC announcement:
In consideration for the contract award, Origin is:

• Issued 9,847,690 Superloop shares upfront on signing, another 9,847,690 Superloop shares on the completion of the migration of 130,000 customers, and up to another $30 million of Superloop shares subject to achieving further customer growth milestones. Origin has previously communicated its ambition to grow its broadband customer base to 600,000 subscribers by FY26.
• Granted 55,672,002 options upfront on signing (equating to approximately 10% of Superloop’s diluted share capital), entitling Origin to purchase the same number of Superloop shares at the prevailing volume weighted average price (VWAP) of Superloop shares on the trading day before Origin exercises its option.

Annex A
4. Any Superloop shares issued on exercise of the options will be issued under Superloop's existing placement capacity. Origin may exercise any number up to the total of 55,672,002 options on one occasion within a 12 month period from the date of signing. The issue of Superloop shares to Origin
on exercise of the options is also subject to receipt of any required regulatory approvals.

SLC currently has 491,174,540 shares on issue, diluting this by 2% with the upfront shares from this deal, another ~2% after migration, and (correct me if im wrong) a further ~11% if they exercise 100% of the 55,672,002 options. An unrealised ~15% holding at a discount just by moving their customer base.

It will be interesting to see if the ABB board cash out the ~$6 mil gain made today in SLC or go hard for the buyout. If the buyout is still on the cards we may well end up in a bidding war with ORG.