Ann: US$93.5M Letter of Intent from AT&T to purchase 3DCloudTV-XTV.AX, page-4

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US$93.5M LETTER OF INTENT TO PURCHASE 3DCLOUDTV FROM AT&T Global Roadshow Commenced

Highlights:

• xTV and TPT are seeking to combine their technologies to deliver 3DCloudTV (refer announcement on ASX on 19 April 2016 in respect of an option agreement)
  
  
• AT&T has issued a Letter of Intent to xTV pending the signing of a formal AT&T supplier agreement (and pending execution of the final licence or ownership agreement under the option agreement)
  
  
• The Letter of Intent sets out a proposed order for initial bookings with a value of US$93.5M for 2,500 3DCloudTV units
  
  
• In the interim, a US$1.8M order has been received pending the licence and/or ownership by xTV to commence supply in July 2016.
  
  
• Global roadshow under way, sponsored by AT&T