Ann: Release From Escrow, page-38

Here we go, found it in the annual report. Criteria for the 517,857,143 performance shares.

	Class	Date Granted	Expiry Date	Number	EBITDA
1	A	9 February 2016	9 February 2018	89,285,715	$5M
2	B	9 February 2016	9 February 2019	107,142,857	$10M
3	C	9 February 2016	9 February 2020	142,857,143	$15M
4	D	9 February 2016	9 February 2020	178,571,428	$20M

Class A Performance Shares – these performance shares will vest in the event that the earnings before interest, tax, depreciation and amortisation of TV2U and its subsidiaries (EBITDA) is greater than or equal to $5 million (in any rolling 12 month period) within two years of Settlement.

Class B Performance Shares – these performance shares will vest in the event that the EBITDA is greater than or equal to $10 million (in any rolling 12 month period) within three years of Settlement.

Class C Performance Shares – these performance shares will vest in the event that the EBITDA is greater than or equal to $15 million (in any rolling 12 month period) within four years of Settlement.

Class D Performance Shares – these performance shares will vest in the event that the EBITDA is greater than or equal to $20 million (in any rolling 12 month period) within four years of Settlement.