OLI has entered into a long-term agreement and Intellectual Property (IP) Licence with EG, to supply EG's Petrol and Convenience outlets in Australia, on an exclusive basis, with its branded "Olivers Food to Go" (OFTG) offering, on the following terms: EG will pay OLI an upfront once off licence fee of AUD 500,000 in exchange for OLI granting it an exclusive licence to use its OFTG Trademark in connection with the sale of OFTG products in EG's Australian petrol and convenience outlets under a Supply Agreement; The Supply Agreement is an exclusive supply agreement for OLI to supply all products to be sold at the EG OFTG outlets, for an initial term of 10 years (Initial Term) with an option for the parties to agree to extend the Supply Agreement for a further 10 years at the end of the Initial term. The supply agreement is subject to typical termination events including as a result of a change of control in OLI, whereby a person comes to hold more than 50% of the ordinary shares in OLI; EG is subject to minimum performance requirements including opening a minimum 100 OFTG outlets within 12 months of the date of the deed; OLI retains ownership of all its IP and any improvements or goodwill arising from use of its IP by EG will also be owned by OLI. Given that EG did not agree to waive the Relevant Condition under the SID and having regard to the alternative long term supply arrangements described above, OLI and EG have agreed to terminate the SID and to release each other from all obligations under the SID.