Ann: Notice of Extraordinary General Meeting-ODN.AX, page-144

Besides the Consolidation ratio, special note should be made of the following:

approval of the issue of up to 15,000,000 (previously was 20,000,000) options to advisors to the Company, with an exercise price of $0.22 (previously was $0.11), an expiry date of 31 December 2018 and an issue price of $0.0001 each;

The Company will, via Austasia, hold 94% of the issued capital in gridComm and, accordingly, gridComm will not be a wholly owned subsidiary of the Company. The Company will examine its ability to compulsorily acquire the remaining shares in gridComm under the laws of Singapore, however there is no guarantee that it will be able to do so

gridComm sells full street light control systems as well as PLC modules (GC9100) and semiconductor devices (GC2200) with network software as “plug and play” smart grid communications solution. gridComm’s revenue is up to $100/street light (initial install) and up to $5 per month /street light recurring SaaS revenue and achieves average gross margin of up to 35% on up to $3.00 per unit GC220. Device sales revenue is up to $9.00 per unit for GC8100 module sales, and up to $40 or 45% margin on its street light controllers.Jakarta contains 250,000 streetlights that may be eventually integrated into the system.
It began with a trial of 100 lights during the first quarter of 2015. Once that system proved to work well, the city launched a wider deployment, starting with 10,000 lights in a single neighbourhood, several thousand of which have been equipped to date.

gridComm products are used now on the China State Grid by companies including Lang Fang Gao Shan (China, meters), AEM (China, street lights) and include LED light makers and smart meter customers such as Siklon with whom gridComm has a contract with the city of Jakarta to provide connectivity for 50,000 street lights. Other deployments include:
(a) Shenzhen AEM Lights Controller - supply AEM with GC2200 OFDMA chip to enable
PLC communications in the power lines for Street Lights control and deployment in
Foshan and Shenzhen roads (quantity ???)