Ann: Release of Shares from Voluntary Escrow, page-9

Deal Terms
The Company will issue on 28th February 2019 converted to AUD$ at the RBA spot of €75k in ordinary shares at the entire February monthly VWAP, plus a €75k payment (“Initial Payment”). An earn out applies, based upon multiplier of EBIT at 31st December 2019 minus the Initial Payment, capped at €1.5m, with consideration payable as 85% ordinary shares with a majority escrow provision, and 15% cash component. EBIT estimate will be provided to market post mid year audit, or as major contracts develop.