Ann: NewCO2Fuels wins World Technology Network award in New York, page-20

As per most recent annual report...

"Greenearth has commenced payments to NCF, with the first instalment in June 2014 and the remainder of the USD$3m investment due by January 2015. The investment is subject to partial claw-back by NCF should less than USD$3m be ultimately invested by Greenearth and is detailed further in this report.

In June 2014, the Group entered into an agreement to acquire a 33.33% interest in NewCO2Fuels Ltd (concurrent with the disposal of its previous 50% interest, as described above). The new investment allows the Group to invest up to USD $3m by January 2015, with a minimum investment of USD $1m. The Group’s 33.33% interest is subject to partial claw-back should less than USD $3m ultimately be invested by the Group. The maximum possible claw-back would result in the Group retaining an interest of 17.81% instead of 33.33%. The minimum new investment amount is recognised at balance date as an investment in associate, with the unpaid portion of the minimum investment recognised as a liability (refer note 19).