Today’ announcement is phenomenal!, page-38

These are very good terms.

Bullet point 2 and 3 confuse me a bit but my interpretation is that if TVN were to raise funds over $2.5M at any time for any reason over the next 12months then $2.5M falls due to KRR.

And if no raising occurs (or raising under $2.5M...) then the $2.5M together with the final $5M fall due at the 12month mark.

They look like very good terms for TVN if that's correct as it does offer some flexibility.
Shares in escrow another good term so they can't be dumped on market instantly.

I'm not sure why KRR agreed to those terms actually. $2.5M won't go far for them and they'll be desperate for the next $2.5M payment before long. Not TVN's problem of course.