@Dhumaster I Suggest you do some reading. Terms were...

@Dhumaster I Suggest you do some reading.
Terms were renegotiated due to TVN's recent payment delay.
We are guaranteed $10M worth of shares, however it is in all our interests TVN's share price booms well above 10c so we get a lot more than $10M worth.

Tivan and KRR have agreed to a restructure of the remaining payment as follows:
• The total amount payable to KRR remains as $5 million.
• Tivan will make payment of $1 million to KRR upon completion of a capital raising by Tivan during Q1 2024.
Should Tivan’s Q1 2024 capital raisings exceed $5 million, Tivan will make payment of an additional amount to KRR of 50% of the amount raised above $5million.
• Tivan will make payment of $1 million to KRR upon completing any capital raising post Q1 2024. Should a post Q1 2024 capital raising, in aggregate with Q1 2024 capital raisings, exceed $5 million, Tivan will make payment of an additional amount to KRR of 50% of the amount raised above $5 million.
• At 17 February 2025, any balance of the $5 million still owing to KRR will become due and payable.

The agreement with KRR reduces the Company’s short-term requirement to $1 million by the end of March 2024 (subject to the capital raising terms noted above). The balance of payment is now payable before February 2025.

In addition, Tivan has also agreed with KRR that if the value of the 100 million Shares held by KRR is less than $10 million on 17 February 2025, calculated on the basis of Tivan’s preceding 30 day volume weighted average price (“VWAP”), then the Company shall issue to KRR such additional number of Tivan shares at that VWAP which when combined with the existing 100 million Shares is valued at a total of $10 million. If Tivan’s VWAP at 17 February 2025 equals $0.10 or more, no additional shares will be issued to KRR. If any additional shares are required to be issued, the Company shall comply with any relevant requirements under the ASX Listing Rules and Corporations Act 2001