$350k worth of completely risk free shares... nice for...

$350k worth of completely risk free shares... nice for some...


Subject to approval of shareholders, a non-recourse interest free loan of $350,000.00 for a term of 5 years will be provided to Director Mr Patrick W V M Sam Yue. The Company will hold a lien over the Shares until the loan is
repaid. If the loan is not repaid at the expiry of the term of the loan or if a disqualifying event occurs, the Company may sell the Shares and after costs apply the sale proceeds to repay the outstanding amount of the loan. If there is a shortfall between the loan amount still owing and the sale price, Mr Sam Yue will not be required to make good the shortfall. If there is a surplus after the sale of the Shares Mr Sam Yue is only entitled to the surplus if the qualifying period (see paragraph below) of the offer of the Shares under the EIP has expired. A disqualifying event occurs when
(i) the Director ceases to be an Eligible Person; or (ii) the Director becomes an insolvent under administration; or (iii) the Director has perpetrated fraud against the Company; or (iv) the Director commits a breach of an obligation under
the rules of the EIP.