"Under the new arrangement, the original collateral shares...

"Under the new arrangement, the original collateral shares issuedunder the Existing Funding Agreement have been reduced to zero, while the Company has been granted an extension of the repayment holiday under that Existing Funding Agreement to 30 April2019."

1. Brilliant.

"TV2U will issue 40,000,000 fully paid ordinary shares to Lind in considerationof Lind entering into the New Fuding Agreement, agreeing to purchase the Tranche Shares(if applicable) and/or the Convertible Security (if applicable) and undertaking the risk of thecontemplated transactions."

2. There is the 'giveaway' I spoke about earlier.

"At or prior to each issue of Tranche Shares (excluding theFirst Tranche Shares), the Company will issue Tranche Share Issuance Options to Lind or itsnominee, being that number of unlisted options equivalent to 33% of the number of TrancheShares to be issued at the relevant Tranche Share Issuance, exercisable at the OptionExercise Price (being a per Option exercise price of 130% of the Purchase Price of the relevantTranche Share Issuance, subject to all adjustments pursuant to the New Funding Agreement)on or before the Option Expiration Date."

3. And exactly how would one describe that condition? Isn't this another giveaway. So ... for every 3 shares received under the 'Share Purchase Agreement" (Tranche Share) they get a free option - yes?