performance shares

From what I can gather there are two types that can be issued;

The first is to Directors and employees as follows:
a. 32.5 million shares issued to directors ratified 27/09/16 and issued 17/10/2016 another 4million issued 23/12/16, by meeting certain milestones up until dec 2017
b. 22.20 million shares issued to employees meeting certain milestones up until Dec 2018
This is all contained in the last report which gave a definition Note 7 c of the appendix.
So what do you need to do to qualify...actually nothing, just being there seems to be the qualification or criteria. Nothing really to do with performance at all!

The second part is the issue of 100 million performance shares "upon MGC securing an offtake agreement to sell commercial quantities of CBD resin that contains a minimum purity of 50% and achieving first revenues of at least $1.0mil Euro within 3 yrs" as per ASX announcement 18/05/2015
I presume that according to the last report they made less than $100,000 that these have not been triggered yet. This surprises me that they had signed an offtake deal for $60mil but no mention of it in the latest report.

My calcs show that, including the recent CR, that there are now 1,072,806,008 shares on issue with 174,268,380 performance shares and options with various expiry dates yet to be converted