The key terms of the SSAs executed between Odin, Austasia and...

The key terms of the SSAs executed between Odin, Austasia and gridComm are:

• - Odin to acquire the issued capital of gridComm;
• - Odin to issue 169,500,000 (post-consolidation) fully paid ordinary shares and three
  tranches of 87,500,000 (post-consolidation) performance shares (which convert to the same number of fully paid ordinary shares, subject to satisfaction of applicable performance milestones within 5 years of the date of issue);
• - Subject to satisfaction of conditions precedent including:
  o Odin and gridComm completing their respective legal due diligence
  investigations to their satisfaction;

Page|2
o Odin obtaining all shareholder and regulatory approvals necessary to enable the transaction to be completed including approval of the acquisition and the associated prospectus fundraising (for a minimum of $4.0 million at an issue price of $0.10 per share) and the consolidation of capital (at a rate to be finalised);

• - No material adverse change occurring in respect of Odin or gridComm; and
• - Conditional listing approval being received from the ASX and re-compliance with
  chapters 1 and 2 of the ASX listing rules and all associated matters thereto.