Ann: Appendix 4E and Annual Report 31 December 2021, page-3

Extracts from various sections of the Annual Report are interesting. Neither Team SAAS or AVE would make such positive decisions if they did not believe the distillate will be a winner.

"On 2 February 2022, the Company announced it has entered into a product license and supply agreement (Agreement) with
Team SAAS LLC (SAAS) granting SAAS exclusive rights to commercialise a recreational cannabis distillate containing TPM®
for use in the manufacture of edible cannabis products in the US.

The Company will receive a licence fee calculated by reference to SAAS’ net profits after tax. The Company will receive 50%
of SAAS’ net profit after tax on net sales of the product, which will be paid quarterly. SAAS must pay a minimum licence fee
of US$1M (A$1.38 Million) within the first 12 months, US$2.5m (A$3.45 Million) within the first 2 years and US$5 (A$6.9 million) within the first 4 years.



"