Tranche 1 One third of total Performance SharesExoma entering...

Tranche 1 One third of total Performance Shares
Exoma entering into one or more farmin agreements under which the farminee(s) have an obligation to spend at least $20 million on exploration for the development of the ATPs*.
OR
The volume weighted average price of Exoma shares traded on ASX for any 20 consecutive trading days (VWAP price) being at least 40 cents.
30 months from date of issue of Performance Shares.

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Tranche 1 Performance Shares will also be converted in a pro rata amount if Exoma enters into farmin agreements where either one or more third parties have an obligation to spend between $10 million and $20 million on exploration for the development of the ATPs or the farmin agreement incorporates a private placement of Exoma shares to raise between $10 million and $20 million.

http://imagesignal.comsec.com.au/asxdata/20090623/pdf/00962872.pdf