| 0 |
Category
|
Number
|
NOTE-1
|
NOTE-2
|
| 1 |
Issued Ordinary Shares
|
225,000,000
|
|
|
| 2 |
Issued Ordinary Shares - Classified as restricted securities
|
150,000,000
|
|
Refer attached
|
| 3 |
Unlisted Options - Options exercisable at $0.12 each on or before 31 March 2017
|
2,000,000
|
|
Refer attached
|
| 4 |
Unlisted Options - Options exercisable at $0.02 each on or before 27 May 2021 classified as restricted securities
|
100,000,000
|
|
Refer attached
|
| 5 |
Unlisted Options - Class A, B, C and D - exercisable at $0.07 each on or before 27 May 2021 classified as restricted securities.
|
22,000,000
|
Are options exercisable at $0.07 each on or before 27 May 2021, subject to the following vesting conditions:
(i) Each Class A Option vests and becomes exercisable on and from the date that the 20 day VWAP of Shares is equal to or in excess of $0.07 per Share;
(ii) Each Class B Option vests and becomes exercisable on and from the date that the 20 day VWAP of Shares is equal to or in excess of $0.10 per Share;
(iii) Each Class C Option vests and becomes exercisable on and from the date that the 20 day VWAP of Shares is equal to or in excess of $0.15 per Share; and
(iv) Each Class D Option vests and becomes exercisable on and from the date that the 20 day VWAP of Shares is equal to or in excess of $0.20 per Share;
|
Refer attached
|
| 6 |
Class A Performance Shares - Classified as restricted securities
|
50,000,000
|
Each Class A Performance Share converts into one FPO upon the earlier of:
1) the Company achieving a consolidated revenue target of $3 million from the business of Yojee; or
2) both:
(i) the commencement of operations of Yojee within two of Australia and/or any other South East Asian Countries; and
(ii) the 20 day volume weighted average price (VWAP) of the shares trading at $0.20 or higher,
within 36 months of completion of the acquisition of 100% of the issued capital of Yojee Pty Ltd (ACN 608 979 810) (Completion).
|
Commencement of Operations must include each of the following:
(i) the availability for purchase of download of the Yojee platform mobile application or software within the jurisdiction in which it is intending to operate;
(ii) the completion of at least 100 downloads of the Yojee mobile application or software within the jurisdiction in which it intends to operate; and
(iii) the installation or implementation of the necessary services by the Company to support the operation of the Yojee business within the jurisdiction.
For the purpose of the Milestones, a South East Asian Country shall comprise any of: Indonesia, East Malaysia, Singapore, Philippines, East Timor, Brunei, Christmas Island, Cambodia, Laos, Myanmar (Burma), Thailand, Vietnam and West Malaysia.
|
| 7 |
Class B Performance Shares - Classified as restricted securities
|
50,000,000
|
Each Class B Performance Share converts into one FPO upon the earlier of:
1) the Company achieving a consolidated revenue target of $5 million from the business of Yojee; or
2) both:
(i) the commencement of operations of Yojee within three of Australia and/or any other South East Asian Countries; and
(ii) the 20 day VWAP of the shares trading at $0.20 or higher,
within 48 months of Completion.
|
|
| 8 |
Class C Performance Shares - Classified as restricted securities
|
50,000,000
|
Each Class C Performance Share converts into one FPO upon the earlier of:
1) the Company achieving a consolidated revenue target of $7 million from the business of Yojee; or
2) both:
(i) the Commencement of Operations of Yojee within four of Australia and/or any other South East Asian Countries; and
(ii) the 20 day VWAP of the shares trading at $0.20 or higher,
within 54 months of Completion.
|
|
| 9 |
Class D Performance Shares - Classified as restricted securities
|
50,000,000
|
Each Class D Performance Share converts into one FPO upon the earlier of:
1) the Company achieving a consolidated revenue target of $10 million from the business of Yojee; or
2) both:
(i) the Commencement of Operations of Yojee within five of Australia and/or any other South East Asian Countries; and
(ii) the 20 day VWAP of the shares trading at $0.20 or higher,
within 60 months of Completion.
|
|
(20min delay)