"If the Company issues a draw down notice, the subscription...

"If the Company issues a draw down notice, the subscription price of the shares to be issued to GEM (or its nominees) will be 90% of the higher of
:• the average closing bid price of FYI shares as quoted by ASX over the pricing period, being the 15 consecutive trading days after FYI gives the draw down notice to GEM (subject to certain adjustments); or
• a fixed floor price nominated by the Company in its draw down notice."

I presume that if FYI issues a drawdown notice and includes a fixed floor price that is too high for GEM to accept, then presumably GEM can decline to proceed. The announcement doesn't specifically say that but it makes sense, otherwise FYI could specify an astronomical fixed floor price and force GEM to pay it.

So I presume that before a drawdown notice is issued by FYI to GEM, that there would be some negotiation between both parties to work out a floor price acceptable to both sides.