Mooter will make a pro-rata offer to all shareholders in Hot...

Mooter will make a pro-rata offer to all shareholders in Hot Shot Media Pty Ltd on the following basis and subject to, inter alia, a minimum acceptance level of 75%, together with all other regulatory or required approvals:

1) 375 million fully paid shares in Mooter, to be issued within 10 days of approval by the shareholders of Mooter at a General Meeting called to consider that approval;

2) 250 million fully paid shares in Mooter and 250 million options to acquire shares in
Mooter, to be issued within 10 days of Hot Shot Media Pte Limited delivering to Mooter, an audit statement or such other acceptable document attesting to the revenue of the
Hot Shot Media Group being at least US$20 million. The expiry date and price of the options will be: 31 December 2012 and $0.05 (5 cents) respectively and;

3) 250 million fully paid shares in Mooter and 250 million options to acquire shares in Mooter, to be issued within 10 days of Hot Shot Media Pte Limited delivering to Mooter, an audit statement or such other acceptable document attesting to the revenue of the Hot Shot Media Group being at least US$50 million. The expiry date and price of the options will be: 31 December 2012 and $0.10 (10 cents) respectively.