You don't just get to select the one "scary" part. Only six...

You don't just get to select the one "scary" part. Only six lines up from the line you've highlighted is the terms of the interest payments:

Within first 2 years; interest may be capitalised and added to the principal amount, or paid by way of an issuance of shares at
the prevailing market price at the time, at the Issuer's election.

After first 2 years; interest is to be paid in cash to the extent that the Issuer has Available Cash (Available Cash is the amount
of the consolidated group cash and cash equivalents on the relevant interest payment date above a specified threshold). Any
balance of interest not paid in cash to be paid by way of an issuance of shares at the prevailing market price at the time.

In other words, if the day ever comes that they cannot make a payment, they can simply pay in shares (not great, but NOT default). If they can't pay the note or get above $1.80 in FIVE YEARS, there are going to be much bigger problems.

If this was James Brown and the AJM/1MC/SYA muppet crew, I MIGHT be worried, but with this management team and BOD, I'll sleep fine.

Thanks for the concern, though. Hope it's sunny in Thailand.