Ann: Cortical Dynamics Ltd - Initial Public Offer, page-16

re: Ann: Cortical Dynamics Ltd - Initial Publ... From the Notice of General Meeting for BPH which took place on 27 September 2007

Cortical will apply to ASX 6 months after Cortical lists to waive the usual 24 month escrow period.

http://www.stocknessmonster.com/news-item?S=BPH&E=ASX&N=374467

"1.6 ASX Escrow
Subject to the exceptions detailed below, those Cortical Shares distributed to BioPharmica Shareholders will not be restricted from being traded on ASX.
Cortical Shares held by the Company upon Cortical listing on ASX will be escrowed (and therefore restricted from trading) for 24 months. However, Cortical will make
an application to ASX to waive any escrow requirement to permit the Company to undertake the in-specie distribution of those Cortical Shares to BioPharmica Shareholders after 6 months from the date Cortical lists on ASX.
Upon completion of that distribution, only those Cortical Shares distributed to related parties or promoters of the Company or Cortical will remain restricted for
that 24 month period.
This in-specie distribution will be conditional upon, among other things, the Company obtaining approval from BioPharmica Shareholders for the in-specie
distribution."