the complete idiot’s guide to the election., page-43

Options Arrangements
?No free grant of options. Freestone to acquire and pay for each individual tranche of options.
?Freestone to pay the $4.2m total value, as determined by independent valuer, on and subject to exercise of each tranche.
?Each option Tranche will not vest until the hurdle price is reached, accordingly this means the CTP share price must increase 66%, 122% and 222% above
the 9c strike price before Freestone receives any benefit.
?The Freestone options are intended to link directly to the value created for all Central shareholders under Mr. Cottee’s tenure – and Freestone must pay
the initial value of the options, plus the option strike price.
Total value of options to be paid by Freestone, per independent valuation $4,219,298

1 48,418,169 3.5% 3.5 years $0.09 $0.15 66% increase* 2.2 cents $1,065,200
2 55,335,051 4.0% 5.5 years $0.09 $0.20 122% increase* (Listing price) 2.7 cents $1,494,046
3 69,168,813 5.0% 5.5 years $0.09 $0.29 222% increase* (All time high) 2.4 cents $1,660,052