Ann: Options Expiry Notice - Waiver of ASX Listing Rule 6.24, page-14

Most option holders are long term holders and believers in the success of TV2 . This is not an unusual occurrence for options to be extended many companies do this it is far better than using a manipulative credit note holder and giving away shares @ 0.003 .
It's also not unusual for contracts to be revised .
Of course you are entitled to your opinion however as a non holder it makes no difference whatsoever to you.