Ann: Appendix 4C - Quarter ended 30 June 2017, page-14

It's not so much that Lanstead profit from the share price being under a certain level, it's that they effectively will always have a premium to whatever the SP is over the 18-months.

The shares have been issued @ 1c, but valued at 1.3333c. As I understand it, or at least as a rough example, if the SP drops to 0.5c, Lanstead pay 0.375c/share. If the SP increases to 2c, Lanstead pay 1.5c/sh.

Edit: Lanstead were also supposed to be issued 200 million options with a 1.75c exercise, so they do want the SP to appreciate. Although I don't see those options in the 3B.