Ann: Spenda announces strategic acquisition of Limepay, page-102

The better way to look at it is that the Limepay team are motivated to generate an additional $7.2m in ARR otherwise they won't receive 60% of the shares they could potentially be entitled to under the deal.

Also worth noting is that the shares to be issued for Tranche 3 & 4 are issued at the greater of the floor price and the 90 day VWAP less 10%. So if Spenda increases revenue from it's own customers and gets that announced to the market before the Limepay revenue milestones are hit, then it is reasonable to assume that the SP will appreciate and the 90 day VWAP could potentially be higher than the floor price, thereby reducing the total number of shares to be issued.

If you apply the maximum number of shares to be issued (508,272,334), assuming the targets are hit and tranche 3 & 4 shares are issued at the floor price, to today's SP, Spenda is only paying $4.067m in today's money.