Ann: App 3B re Bergen Funding Facility , page-2

Going through the outstanding options, etc. from the last 3B.

10,000,000 Convertible notes
convertible at $0.05 on 12 May 2012

5,000,000 Options
exercisable at $0.10 before 31 March 2014

I'm confused about these. I thought the 5 million options here had replaced the 10 million notes? But I guess we'll find out what's happening with the latter in six weeks or so.

1,900,000 Options
exercisable at $0.166 before 30 September 2014

These are the options just issued to Bergen.

1 Convertible Security
with a face value of $220,000

And that's the first note.

211,200 Employee options
exercisable at $0.50 before 19 June 2012

I can't see these getting into the money, though I won't complain if they do.

150,000 Employee options
exercisable at $0.31 before 11 December 2012

These, on the other hand, have to have a decent chance of being in the money in eight months time.