NB.• 2,750,000 incentive options exercisable atA$0.10 each on or...

NB.

• 2,750,000 incentive options exercisable at
A$0.10 each on or before December 31, 2013,
vesting immediately;

• 2,750,000 incentive options exercisable at
A$0.15 each on or before June 30, 2014,
vesting after 8 months service;

• 2,750,000 incentive options exercisable at
A$0.20 each on or before December 31,2014, vesting after 16 months service;

and

• 2,750,000 incentive options exercisable at
A$0.25 each on or before June 30, 2015,
vesting after 24 months service.