Long Term Incentive Plan for Directors:The Performance Rights...

Long Term Incentive Plan for Directors:

The Performance Rights are subject to the following vesting conditions (Performance Hurdles):

- Entellect’s achievement of $5 million gross revenue during any given 12 consecutive months (Revenue Hurdle); and

- The holder continues as a Director until the date that the Revenue Hurdle is achieved.
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- The Performance Rights will lapse if the Performance Hurdles are not achieved by 31 December 2016 (Performance Hurdle Expiry Date).


This plan is very much aligned with my strategy as I am sure it is with all holders' strategies that have invested into this company for more than a trade and the plan is a realistic indication of where this stock is going.