<html><head><meta http-equiv="Content-Type" content="text/html; charset=utf-8"></head><body style="word-wrap: break-word; -webkit-nbsp-mode: space; line-break: after-white-space;" class="">Hi Len,<div class=""><br class=""></div><div class="">TB have sold their retail side so they aren’t going to be an operator in the sense you refer to.</div><div class=""><br class=""></div><div class="">They will be a B2B systems supplier.</div><div class=""><br class=""></div><div class="">Understand your concern, many have said the same to me, but from my point of view there does need to be a major separation of that data regardless.</div><div class=""><br class=""></div><div class="">Greg.<br class=""><div><br class=""><blockquote type="cite" class=""><div class="">On 23 Jun 2018, at 5:17 pm, L.B.Loveday <<a href="mailto:lloveday@ozemail.com.au" class="">lloveday@ozemail.com.au</a>> wrote:</div><br class="Apple-interchange-newline"><div class=""><div class="WordSection1" style="page: WordSection1; caret-color: rgb(0, 0, 0); font-family: Verdana; font-size: 15px; font-style: normal; font-variant-caps: normal; font-weight: normal; letter-spacing: normal; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration: none;"><div style="margin: 0cm 0cm 0.0001pt; font-size: 11pt; font-family: Calibri, sans-serif;" class=""><span style="" class="">TopBetta are direct competitors with the other bookmakers also offering their wares on Dynamic Odds.<o:p class=""></o:p></span></div><div style="margin: 0cm 0cm 0.0001pt; font-size: 11pt; font-family: Calibri, sans-serif;" class=""><span style="" class=""><o:p class=""> </o:p></span></div><div style="margin: 0cm 0cm 0.0001pt; font-size: 11pt; font-family: Calibri, sans-serif;" class=""><span style="" class="">With TopBetta running DO, they will have access to the bets placed with other bookmakers - from whom, how much, accepted?, rejected?, partially accepted?, the effect of the bets on the prices offered, which punters to immediately restrict if they try to open a TopBetta account…. I think the operation is heading for trouble.<o:p class=""></o:p></span></div><div style="margin: 0cm 0cm 0.0001pt; font-size: 11pt; font-family: Calibri, sans-serif;" class=""><span style="" class=""><o:p class=""> </o:p></span></div><div style="margin: 0cm 0cm 0.0001pt; font-size: 11pt; font-family: Calibri, sans-serif;" class=""><span style="" class=""><o:p class=""> </o:p></span></div><div class=""><div style="border-style: solid none none; border-top-width: 1pt; border-top-color: rgb(225, 225, 225); padding: 3pt 0cm 0cm;" class=""><div style="margin: 0cm 0cm 0.0001pt; font-size: 11pt; font-family: Calibri, sans-serif;" class=""><b class=""><span lang="EN-US" class="">From:</span></b><span lang="EN-US" class=""><span class="Apple-converted-space"> </span>L.B.Loveday <<a href="mailto:lloveday@ozemail.com.au" style="color: purple; text-decoration: underline;" class="">lloveday@ozemail.com.au</a>><span class="Apple-converted-space"> </span><br class=""><b class="">Sent:</b><span class="Apple-converted-space"> </span>Wednesday, 20 June 2018 1:25 PM<br class=""><b class="">To:</b><span class="Apple-converted-space"> </span>'AusRace Racing Discussion List' <<a href="mailto:racing@ausrace.com" style="color: purple; text-decoration: underline;" class="">racing@ausrace.com</a>><br class=""><b class="">Subject:</b><span class="Apple-converted-space"> </span>This does not look helpful to punters<o:p class=""></o:p></span></div></div></div><div style="margin: 0cm 0cm 0.0001pt; font-size: 11pt; font-family: Calibri, sans-serif;" class=""><o:p class=""> </o:p></div><div class=""><div style="margin: 0cm 0cm 0.0001pt; font-size: 11pt; font-family: Calibri, sans-serif;" class=""><o:p class=""> </o:p></div><div class=""><blockquote style="border-style: none none none solid; border-left-width: 1pt; border-left-color: rgb(204, 204, 204); padding: 0cm 0cm 0cm 6pt; margin: 5pt 0cm 5pt 4.8pt;" class="" type="cite"><div class=""><h3 style="margin-right: 0cm; margin-left: 0cm; font-size: 13.5pt; font-family: Calibri, sans-serif; font-weight: bold; margin-bottom: 11.25pt; background-color: rgb(252, 252, 252); vertical-align: top; background-position: initial initial; background-repeat: initial initial;" class=""><span style="font-size: 13pt; font-family: Arial, sans-serif; color: rgb(54, 54, 53); font-weight: normal;" class="">"TBH continues to execute on its wholesale business strategy with a range of initiatives"<o:p class=""></o:p></span></h3><div style="border-width: 1pt 1.5pt 1.5pt 1pt; border-color: rgb(153, 153, 153) rgb(85, 85, 85) rgb(85, 85, 85) rgb(153, 153, 153); border-style: solid; padding: 8pt; margin-left: 7.5pt; margin-bottom: 7.5pt; box-sizing: border-box; outline: 0px; float: right; background-position: initial initial; background-repeat: initial initial;" class=""><div style="margin: 0cm 0cm 0.0001pt; font-size: 11pt; font-family: Calibri, sans-serif; vertical-align: top;" class=""><span style="font-family: Arial, sans-serif; color: rgb(54, 54, 53);" class=""><img width="300" id="m_2994459694051569551gmail-pic" src="http://media.abnnewswire.net/topimg/en/93050_01_h.jpg" alt="Expands Wholesale Offering by Acquiring 100% of World-Class Data Feed Company" style="width: 3.125in;" class=""><br class=""><b class=""><i class=""><span style="border: 1pt none windowtext; padding: 0cm;" class="">Expands Wholesale Offering by Acquiring 100% of World-Class Data Feed Company</span></i></b><o:p class=""></o:p></span></div></div><p class="MsoNormal" style="margin: 0cm 0cm 12pt; font-size: 11pt; font-family: Calibri, sans-serif;"><span style="font-family: Arial, sans-serif; color: rgb(54, 54, 53); background-color: rgb(252, 252, 252); background-position: initial initial; background-repeat: initial initial;" class="">Sydney, June 14, 2018 AEST (ABN Newswire) - TopBetta Holdings Limited (</span><img id="_x0000_i1026" src="http://abnnewswire.net/images/googlechart.gif" class=""><a href="https://finance.google.com/finance?q=ASX:TBH" target="_blank" title="Australian Stock Exchange" style="color: purple; text-decoration: underline;" class=""><span style="font-family: Arial, sans-serif; border: 1pt none windowtext; padding: 0cm;" class="">ASX:TBH</span></a><span style="font-family: Arial, sans-serif; color: rgb(54, 54, 53); background-color: rgb(252, 252, 252); background-position: initial initial; background-repeat: initial initial;" class="">) ("TBH" or the "Company") is pleased to announce that it has entered into a binding, conditional heads of agreement ("Heads of Agreement") to acquire 100% of the shares in data and betting tools company, DynamicOdds Pty Ltd ("DynamicOdds"), and its associated licensing brands ("Assets") (<a href="http://www.dynamicodds.com.au/" target="_blank" style="color: purple; text-decoration: underline;" class="">www.dynamicodds.com.au</a>) ("Acquisition"). The DynamicOdds brand is a provider of wagering data in Australia and currently supplies data feeds to (and delivers data on behalf of) Australia's Principal Racing Authorities as well as a number of Australia's licensed bookmakers and sophisticated punters. The data feeds provided by DynamicOdds are a key component for bookmakers both online and on-track in their fixed odds pricing models. </span><span style="font-family: Arial, sans-serif; color: rgb(54, 54, 53);" class=""><br class=""><br class=""><span style="background-color: rgb(252, 252, 252); background-position: initial initial; background-repeat: initial initial;" class="">Highlights </span><br class=""><br class=""><span style="background-color: rgb(252, 252, 252); background-position: initial initial; background-repeat: initial initial;" class="">- TBH enters into a conditional, binding Heads of Agreement to acquire data and betting tools provider,<span class="Apple-converted-space"> </span><a href="http://dynamicodds.com.au/" target="_blank" style="color: purple; text-decoration: underline;" class="">DynamicOdds.com.au</a> </span><br class=""><br class=""><span style="background-color: rgb(252, 252, 252); background-position: initial initial; background-repeat: initial initial;" class="">- DynamicOdds provides live data solutions to Australia's Principal Racing Authorities </span><br class=""><br class=""><span style="background-color: rgb(252, 252, 252); background-position: initial initial; background-repeat: initial initial;" class="">- DynamicOdds provides the tools for bookmakers to power their fixed odds products </span><br class=""><br class=""><span style="background-color: rgb(252, 252, 252); background-position: initial initial; background-repeat: initial initial;" class="">- DynamicOdds acquisition to progress and consolidate TBH's wholesale strategy </span><br class=""><br class=""><span style="background-color: rgb(252, 252, 252); background-position: initial initial; background-repeat: initial initial;" class="">- TopBetta and MadBookie sale update </span><br class=""><br class=""><span style="background-color: rgb(252, 252, 252); background-position: initial initial; background-repeat: initial initial;" class="">- Red Leaf Securities appointed as Corporate Advisor </span><br class=""><br class=""><span style="background-color: rgb(252, 252, 252); background-position: initial initial; background-repeat: initial initial;" class="">TopBetta's CEO, Todd Buckingham commented: "DynamicOdds has developed a reputation as a respected provider of data and betting tools within the Australian racing industry and is a perfect fit for the TBH wholesale business model. </span><br class=""><br class=""><span style="background-color: rgb(252, 252, 252); background-position: initial initial; background-repeat: initial initial;" class="">"We're excited about the opportunity to continue to develop and enhance the current technology stack that helps punters make bets, and bookmakers take bets. At the same time, we also see a huge opportunity to expand the business into other verticals via partnerships with sporting and racing bodies globally. This acquisition is the perfect complementary business to continue with our Company's growth." </span><br class=""><br class=""><span style="background-color: rgb(252, 252, 252); background-position: initial initial; background-repeat: initial initial;" class="">DynamicOdds CTO Karl Begg and CEO David Begg commented: "DynamicOdds was established in 2006 as a platform for both punters and industry professionals to analyse and monitor the betting markets for the Australian racing codes. </span><br class=""><br class=""><span style="background-color: rgb(252, 252, 252); background-position: initial initial; background-repeat: initial initial;" class="">"Since its inception, DynamicOdds has established itself as an integral part of the Australian wagering landscape at both retail and commercial levels. </span><br class=""><br class=""><span style="background-color: rgb(252, 252, 252); background-position: initial initial; background-repeat: initial initial;" class="">"In August 2016, Racing Victoria commissioned DynamicOdds to provide an 'official price' for Victorian thoroughbred racing. DynamicOdds not only supplies the systems to produce and manage the official price, but also the infrastructure to display the price via on-course display networks. The official price service was quickly adopted by all other state thoroughbred racing authorities and implemented by second quarter 2017. </span><br class=""><br class=""><span style="background-color: rgb(252, 252, 252); background-position: initial initial; background-repeat: initial initial;" class="">"Combining both the experience and expertise of DynamicOdds, TBH and its subsidiaries, will ensure continued growth as we explore all opportunities within racing and sports markets domestically and into the UK and US markets." </span><br class=""><br class=""><span style="background-color: rgb(252, 252, 252); background-position: initial initial; background-repeat: initial initial;" class="">Key terms of the Heads of Agreement </span><br class=""><br class=""><span style="background-color: rgb(252, 252, 252); background-position: initial initial; background-repeat: initial initial;" class="">TBH has agreed to purchase 100% of the shares in DynamicOdds ("DO Shares"), and the associated licensing brands ("Assets") owned by C.D.K Software Limited (CDK), on the following key terms: </span><br class=""><br class=""><span style="background-color: rgb(252, 252, 252); background-position: initial initial; background-repeat: initial initial;" class="">1. on completion of the Acquisition ("Completion"), TBH must issue to Dynamic IT Group Pty Ltd (or its nominee) 10m unquoted options over TBH shares, exercisable at $0.20 per option within 2 years from the date of issue. These Options will be issued under the Company's 15% placement capacity under ASX Listing Rule 7.1; </span><br class=""><br class=""><span style="background-color: rgb(252, 252, 252); background-position: initial initial; background-repeat: initial initial;" class="">2. is conditional on the satisfaction or waiver of the following conditions precedent ("CPs"): </span><br class=""><br class=""><span style="background-color: rgb(252, 252, 252); background-position: initial initial; background-repeat: initial initial;" class="">a. TBH carrying out and completing due diligence in respect of DynamicOdds and the Assets and being satisfied in its sole discretion as to results of the due diligence; </span><br class=""><br class=""><span style="background-color: rgb(252, 252, 252); background-position: initial initial; background-repeat: initial initial;" class="">b. to the extent such approvals are required, TBH shareholders resolving to approve the Acquisition contemplated under this HOA, including any capital raising TBH considers necessary to complete the Acquisition; and </span><br class=""><br class=""><span style="background-color: rgb(252, 252, 252); background-position: initial initial; background-repeat: initial initial;" class="">c. negotiation and execution of final documentation required to give effect to the transactions contemplated under the Heads of Agreement, including without limitation, a share and asset sale agreement and a services agreement for the provision of management and related services by the shareholders of DynamicOdds ("DO Shareholders"); </span><br class=""><br class=""><span style="background-color: rgb(252, 252, 252); background-position: initial initial; background-repeat: initial initial;" class="">3. on Completion, TBH must pay: </span><br class=""><br class=""><span style="background-color: rgb(252, 252, 252); background-position: initial initial; background-repeat: initial initial;" class="">a. $1.5m in cash to the DO Shareholders in consideration for the acquisition of the DO Shares; and </span><br class=""><br class=""><span style="background-color: rgb(252, 252, 252); background-position: initial initial; background-repeat: initial initial;" class="">b. $1m in cash to CDK in consideration for the acquisition of the Assets; </span><br class=""><br class=""><span style="background-color: rgb(252, 252, 252); background-position: initial initial; background-repeat: initial initial;" class="">4. Within 12 months after Completion, TBH must: </span><br class=""><br class=""><span style="background-color: rgb(252, 252, 252); background-position: initial initial; background-repeat: initial initial;" class="">a. pay to CDK $7.5m in cash; or </span><br class=""><br class=""><span style="background-color: rgb(252, 252, 252); background-position: initial initial; background-repeat: initial initial;" class="">b. issue shares in TBH ("TBH Shares") to the value of $7.5m ("CDK Balance"). If TBH elects to settle the CDK Balance by issuing TBH Shares, CDK may require TBH to pay up to $5.5m of the CDK Balance in cash, with the remainder satisfied by way of issue of TBH Shares. There is currently no agreement to issue TBH Shares to CDK or the DO Shareholders; </span><br class=""><br class=""><span style="background-color: rgb(252, 252, 252); background-position: initial initial; background-repeat: initial initial;" class="">5. If TBH fails to discharge the CDK Balance within 12 months of Completion, TBH must transfer the DO Shares and the Assets back to the DO Shareholders and CDK (respectively) and shall not be entitled to any refund of the amounts paid in respect of DO Shares and the Assets to date; </span><br class=""><br class=""><span style="background-color: rgb(252, 252, 252); background-position: initial initial; background-repeat: initial initial;" class="">6. If TBH wishes to sell the DO Shares or the Assets before it discharges the CDK Balance, TBH must first offer those assets for sale to the DO Shareholders and CDK (respectively) and, in any event, TBH cannot transfer the DO Shares or the Assets before it discharges the CDK Balance in full; and </span><br class=""><br class=""><span style="background-color: rgb(252, 252, 252); background-position: initial initial; background-repeat: initial initial;" class="">7. The Heads of Agreement shall terminate on 31 July 2018 or upon the prior insolvency of either party. </span><br class=""><br class=""><span style="background-color: rgb(252, 252, 252); background-position: initial initial; background-repeat: initial initial;" class="">About DynamicOdds </span><br class=""><br class=""><span style="background-color: rgb(252, 252, 252); background-position: initial initial; background-repeat: initial initial;" class="">DynamicOdds provide a range of free and premium betting related services for punters, racing authorities and bookmakers. The DynamicOdds odds comparison Premium application is used by punters and bookmakers alike in Australia and consumes a range of data sources that include; fixed odds pricing, tote and exchange prices, race day control information, form, statistics and an extensive runner pricing database. </span><br class=""><br class=""><span style="background-color: rgb(252, 252, 252); background-position: initial initial; background-repeat: initial initial;" class="">The application allows punters and bookmakers to place bets with other integrated licensed bookmakers from the one interface. A free version of the site also exists that includes price comparisons for both racing and sports betting. </span><br class=""><br class=""><span style="background-color: rgb(252, 252, 252); background-position: initial initial; background-repeat: initial initial;" class="">DynamicOdds also powers and provides the official starting price ("SP") for racing authorities such as Racing Victoria and Racing NSW and Racing Queensland. </span><br class=""><br class=""><span style="background-color: rgb(252, 252, 252); background-position: initial initial; background-repeat: initial initial;" class="">Earn-Out payment for Mad Bookie acquisition </span><br class=""><br class=""><span style="background-color: rgb(252, 252, 252); background-position: initial initial; background-repeat: initial initial;" class="">Further to the announcement dated 13 April 2017 ("MB Announcement"), the Company and Mad Bookie Pty Ltd ("Mad Bookie") have finalized the Purchase Price (as defined in the MB Announcement) payable by the Company for the acquisition of the assets of Mad Bookie ("MB Assets"). It has been determined that the Purchase Price for the MB Assets is $1,155,700, however, $150,000 in payments have already been made towards the Purchase Price. In accordance with the terms of the agreement to acquire the MB Assets, the Company is required to pay the balance of $1,005,700 in cash, or a combination of cash and scrip, on or before June 29, 2018. </span><br class=""><br class=""><span style="background-color: rgb(252, 252, 252); background-position: initial initial; background-repeat: initial initial;" class="">TopBetta Pty Ltd and Mad Bookie sale update </span><br class=""><br class=""><span style="background-color: rgb(252, 252, 252); background-position: initial initial; background-repeat: initial initial;" class="">As announced to the market on the 18th April 2018 ("PlayUp Announcement"), TBH intends to the sell the TopBetta and Mad Bookie B2C businesses to blockchain enabled global fantasy sports and online sports betting company, PlayUp Limited ("PlayUp"). </span><br class=""><br class=""><span style="background-color: rgb(252, 252, 252); background-position: initial initial; background-repeat: initial initial;" class="">Subject to shareholder approval at the Company's General Meeting called for the 18th June 2018 and the satisfaction or waiver of other conditions precedent, TBH will receive $6M (plus GST if applicable) ("Sale") as well as earning a 20% revenue share from both the TopBetta and Mad Bookie brands for a 24 month period under associated software licence and services agreements ("Licensing and Services Agreements"). </span><br class=""><br class=""><span style="background-color: rgb(252, 252, 252); background-position: initial initial; background-repeat: initial initial;" class="">Further to the announcement released on 4 June 2018, the Company advises that the ASX has not granted the waiver of ASX Listing Rule 11.4 in relation to the Sale and, accordingly, the Company will be seeking shareholder approval of Resolution 1 (amongst others) at the General Meeting to be held on 18 June 2018 ("General Meeting"). Further details are set out in the Notice of General Meeting dated 15 May 2018. </span><br class=""><br class=""><span style="background-color: rgb(252, 252, 252); background-position: initial initial; background-repeat: initial initial;" class="">Should shareholders approve Resolution 1 at the General Meeting, PlayUp will be required to pay the $3m deposit to TBH by 25th June 2018. The deposit will be only be refundable if TBH does not satisfy or waive each of the conditions precedent (as detailed in the PlayUp Announcement) on or before 31 July 2018. The Licensing and Services Agreements are in the final stages of negotiation and, accordingly, it is expected that all conditions precedent will be satisfied or waived on or around 18th June 2018 (subject to shareholder approval under ASX Listing Rule 11.4 at the General Meeting) and, accordingly, completion is expected to occur, and the final additional payment of $3m will be due and payable to TBH, on or around 25 June 2018. </span><br class=""><br class=""><span style="background-color: rgb(252, 252, 252); background-position: initial initial; background-repeat: initial initial;" class="">Corporate Advisor Appointed </span><br class=""><br class=""><span style="background-color: rgb(252, 252, 252); background-position: initial initial; background-repeat: initial initial;" class="">Sydney-based stockbroking firm Red Leaf Securities Pty Ltd ("Red Leaf") has been appointed as Corporate Advisor to assist the Company as it focusses on executing its wholesale business strategy. </span><br class=""><br class=""><span style="background-color: rgb(252, 252, 252); background-position: initial initial; background-repeat: initial initial;" class="">Red Leaf is a boutique broker that invests on behalf of high net worth clients and fund managers. The brokerage firm specialises in Australian equities, with a focus on undervalued small cap companies, and corporate transactions. </span><br class=""><br class=""><span style="background-color: rgb(252, 252, 252); background-position: initial initial; background-repeat: initial initial;" class="">Red Leaf shall receive a payment of $10,000/month for the duration of the 12-month term of the engagement ("Term"). The Term may be terminated by TBH by giving 2 weeks' notice. Within 15 business days after Red Leaf first provides its services to TBH, TBH must issue to Red Leaf 2.5M unquoted options, expiring on 7 June 2020 ("Options") on the following terms: </span><br class=""><br class=""><span style="background-color: rgb(252, 252, 252); background-position: initial initial; background-repeat: initial initial;" class="">1. 500,000 Options will be exercisable at $0.20 without any vesting conditions; </span><br class=""><br class=""><span style="background-color: rgb(252, 252, 252); background-position: initial initial; background-repeat: initial initial;" class="">2. 500,000 options will be exercisable at $0.30 and will vest on 7 September 2018 subject to Red Leaf continuing to be engaged by TBH at that date; </span><br class=""><br class=""><span style="background-color: rgb(252, 252, 252); background-position: initial initial; background-repeat: initial initial;" class="">3. 500,000 options will be exercisable at $0.40 and will vest on 7 December 2018 subject to Red Leaf continuing to be engaged by TBH at that date; </span><br class=""><br class=""><span style="background-color: rgb(252, 252, 252); background-position: initial initial; background-repeat: initial initial;" class="">4. 500,000 options will be exercisable at $0.50 and will vest on 7 March 2019 subject to Red Leaf continuing to be engaged by TBH at that date; and </span><br class=""><br class=""><span style="background-color: rgb(252, 252, 252); background-position: initial initial; background-repeat: initial initial;" class="">5. 500,000 options will be exercisable at $0.60 and will vest on 7 June 2019 subject to Red Leaf continuing to be engaged by TBH at that date. </span><br class=""><br class=""><span style="background-color: rgb(252, 252, 252); background-position: initial initial; background-repeat: initial initial;" class="">These Options will be issued under the Company's 15% placement capacity under ASX Listing Rule 7.1. </span><br class=""><br class=""><br class=""><span style="background-color: rgb(252, 252, 252); background-position: initial initial; background-repeat: initial initial;" class="">About Topbetta Holdings Ltd</span><br class=""><br class=""></span><o:p class=""></o:p></p><div style="margin: 0cm 0cm 0.0001pt; background-color: rgb(252, 252, 252); vertical-align: top;" class=""><span style="font-family: Arial, sans-serif; color: rgb(54, 54, 53);" class=""><a href="http://www.abnnewswire.net/refer.asp?url=http://www.topbetta.com.au&compid=37142&lang=" target="_blank" style="color: purple; text-decoration: underline;" class=""><span style="border: 1pt none windowtext; padding: 0cm; text-decoration: none;" class=""><img border="0" id="_x0000_i1027" src="http://abnnewswire.net/images/logos/37142en.jpg" alt="TopBetta Holdings Limited ASX TBH" class="">TopBetta Holdings Limited</span></a> (<a href="http://www.google.com/finance?q=ASX:TBH" target="_blank" style="color: purple; text-decoration: underline;" class=""><span style="border: 1pt none windowtext; padding: 0cm; text-decoration: none;" class="">ASX:TBH</span></a>) is an ASX-listed holding company and a global provider of online wagering products and services to both wholesale and retail markets through its various wholly owned subsidiaries. TopBetta Pty Ltd operates a retail wagering business, offering consumers wagering, fantasy tournament and content products and services. Global Tote Australia Pty Ltd conducts TBH's Wholesale Business, which includes operating and licensing its wholesale tote product which enables licensed wagering operators, including corporate bookmakers and tote operators from all over the world, to participate in global pools. The Wholesale Business is conducted under a B2B licence granted by the UK Gambling Commission to Global Tote Limited, a company incorporated in Alderney, UK.<o:p class=""></o:p></span></div><div style="margin: 0cm 0cm 0.0001pt; background-color: rgb(252, 252, 252); vertical-align: top;" class=""><span style="" class=""><o:p class=""> </o:p></span></div><div style="margin: 0cm 0cm 0.0001pt; background-color: rgb(252, 252, 252); vertical-align: top;" class=""><span style="" class="">***********************<o:p class=""></o:p></span></div><div style="margin: 0cm 0cm 0.0001pt; font-size: 11pt; font-family: Calibri, sans-serif;" class=""><o:p class=""> </o:p></div><div style="margin: 0cm 0cm 0.0001pt; font-size: 11pt; font-family: Calibri, sans-serif;" class=""><a href="https://www.google.com.au/search?q=asx%3Atbh&oq=asx%3Atbh&aqs=chrome..69i57j69i58j69i61l3.3531j0j1&sourceid=chrome&ie=UTF-8" style="color: purple; text-decoration: underline;" class="">ASX:TBH</a><span class="Apple-converted-space"> </span>is 10c at present, has been 50c in the past year.<o:p class=""></o:p></div><div style="margin: 0cm 0cm 0.0001pt; font-size: 11pt; font-family: Calibri, sans-serif;" class="">The exercise price on these options are in expectation of very aggressive price increases over a short time frame, especially for <span style="font-size: 9.5pt; font-family: Arial, sans-serif; color: rgb(54, 54, 53); background-color: rgb(252, 252, 252); background-position: initial initial; background-repeat: initial initial;" class="">Red Leaf the broker for the deal</span><o:p class=""></o:p></div><div style="margin: 0cm 0cm 0.0001pt; font-size: 11pt; font-family: Calibri, sans-serif;" class=""><o:p class=""> </o:p></div><p class="MsoNormal" style="margin: 0cm 0cm 12pt; font-size: 11pt; font-family: Calibri, sans-serif;"><span style="font-size: 9.5pt; font-family: Arial, sans-serif; color: rgb(54, 54, 53); background-color: rgb(252, 252, 252); background-position: initial initial; background-repeat: initial initial;" class="">1. on completion of the Acquisition ("Completion"), TBH must issue to Dynamic IT Group Pty Ltd (or its nominee) 10m unquoted options over TBH shares, exercisable at $0.20 per option within 2 years from the date of issue. These Options will be issued under the Company's 15% placement capacity under ASX Listing Rule 7.1; </span><o:p class=""></o:p></p><div style="margin: 0cm 0cm 0.0001pt; font-size: 11pt; font-family: Calibri, sans-serif;" class=""><o:p class=""> </o:p></div><div style="margin: 0cm 0cm 0.0001pt; font-size: 11pt; font-family: Calibri, sans-serif;" class=""><span style="font-size: 9.5pt; font-family: Arial, sans-serif; color: rgb(54, 54, 53); background-color: rgb(252, 252, 252); background-position: initial initial; background-repeat: initial initial;" class="">Red Leaf shall receive a payment of $10,000/month for the duration of the 12-month term of the engagement ("Term"). The Term may be terminated by TBH by giving 2 weeks' notice. Within 15 business days after Red Leaf first provides its services to TBH, TBH must issue to Red Leaf 2.5M unquoted options, expiring on 7 June 2020 ("Options") on the following terms: </span><span style="font-size: 9.5pt; font-family: Arial, sans-serif; color: rgb(54, 54, 53);" class=""><br class=""><br class=""><span style="background-color: rgb(252, 252, 252); background-position: initial initial; background-repeat: initial initial;" class="">1. 500,000 Options will be exercisable at $0.20 without any vesting conditions; </span><br class=""><br class=""><span style="background-color: rgb(252, 252, 252); background-position: initial initial; background-repeat: initial initial;" class="">2. 500,000 options will be exercisable at $0.30 and will vest on 7 September 2018 subject to Red Leaf continuing to be engaged by TBH at that date; </span><br class=""><br class=""><span style="background-color: rgb(252, 252, 252); background-position: initial initial; background-repeat: initial initial;" class="">3. 500,000 options will be exercisable at $0.40 and will vest on 7 December 2018 subject to Red Leaf continuing to be engaged by TBH at that date; </span><br class=""><br class=""><span style="background-color: rgb(252, 252, 252); background-position: initial initial; background-repeat: initial initial;" class="">4. 500,000 options will be exercisable at $0.50 and will vest on 7 March 2019 subject to Red Leaf continuing to be engaged by TBH at that date; and </span><br class=""><br class=""><span style="background-color: rgb(252, 252, 252); background-position: initial initial; background-repeat: initial initial;" class="">5. 500,000 options will be exercisable at $0.60 and will vest on 7 June 2019 subject to Red Leaf continuing to be engaged by TBH at that date. </span><br class=""><br class=""><span style="background-color: rgb(252, 252, 252); background-position: initial initial; background-repeat: initial initial;" class="">These Options will be issued under the Company's 15% placement capacity under ASX Listing Rule 7.1. </span></span><o:p class=""></o:p></div><div style="margin: 0cm 0cm 0.0001pt; background-color: rgb(252, 252, 252); vertical-align: top;" class=""><span style="" class=""><o:p class=""> </o:p></span></div></div></blockquote></div><div style="margin: 0cm 0cm 0.0001pt; font-size: 11pt; font-family: Calibri, sans-serif;" class=""><o:p class=""> </o:p></div></div></div><span style="caret-color: rgb(0, 0, 0); font-family: Verdana; font-size: 15px; font-style: normal; font-variant-caps: normal; font-weight: normal; letter-spacing: normal; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration: none; float: none; display: inline !important;" class="">_______________________________________________</span><br style="caret-color: rgb(0, 0, 0); font-family: Verdana; font-size: 15px; font-style: normal; font-variant-caps: normal; font-weight: normal; letter-spacing: normal; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration: none;" class=""><span style="caret-color: rgb(0, 0, 0); font-family: Verdana; font-size: 15px; font-style: normal; font-variant-caps: normal; font-weight: normal; letter-spacing: normal; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration: none; float: none; display: inline !important;" class="">Racing mailing list</span><br style="caret-color: rgb(0, 0, 0); font-family: Verdana; font-size: 15px; font-style: normal; font-variant-caps: normal; font-weight: normal; letter-spacing: normal; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration: none;" class=""><a href="mailto:Racing@ausrace.com" style="color: purple; text-decoration: underline; font-family: Verdana; font-size: 15px; font-style: normal; font-variant-caps: normal; font-weight: normal; letter-spacing: normal; orphans: auto; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: auto; word-spacing: 0px; -webkit-text-size-adjust: auto; -webkit-text-stroke-width: 0px;" class="">Racing@ausrace.com</a><br style="caret-color: rgb(0, 0, 0); font-family: Verdana; font-size: 15px; font-style: normal; font-variant-caps: normal; font-weight: normal; letter-spacing: normal; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration: none;" class=""><a href="http://ausrace.com/mailman/listinfo/racing_ausrace.com" style="color: purple; text-decoration: underline; font-family: Verdana; font-size: 15px; font-style: normal; font-variant-caps: normal; font-weight: normal; letter-spacing: normal; orphans: auto; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: auto; word-spacing: 0px; -webkit-text-size-adjust: auto; -webkit-text-stroke-width: 0px;" class="">http://ausrace.com/mailman/listinfo/racing_ausrace.com</a></div></blockquote></div><br class=""><div class="">
<div dir="auto" style="caret-color: rgb(0, 0, 0); color: rgb(0, 0, 0); letter-spacing: normal; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration: none; word-wrap: break-word; -webkit-nbsp-mode: space; line-break: after-white-space;" class=""><div style="color: rgb(0, 0, 0); letter-spacing: normal; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; word-spacing: 0px; -webkit-text-stroke-width: 0px; word-wrap: break-word; -webkit-nbsp-mode: space; line-break: after-white-space;" class=""><div class=""><div class="">Greg Conroy, Inventor of Award Winning and Free:</div><div class=""><font class="Apple-style-span" color="#425af6"><font face="Calibri, sans-serif" class=""><a href="http://www.rewardbet.com" class="">www.rewardbet.com</a> … more: </font></font><a href="http://promo.rewardbet.com/" style="font-family: Calibri, sans-serif;" class="">https://about.rewardbet.com/</a></div></div><div class=""><br class=""></div></div><br class="Apple-interchange-newline"></div><br class="Apple-interchange-newline"><br class="Apple-interchange-newline">
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