As part of the Initial Public Offering completed by Synodon on December 29, 2006, all insiders including management and certain directors of the Corporation have signed on to a Performance Share Escrow Agreement. Under the terms of this agreement, the 10,888,300 shares escrowed will be release at the rate of 1 share for each $0.45 of revenue the Corporation generates from the commercialization of its realSensTM Technology. To release all of the shares from escrow, Synodon will have to generate a minimum of $4.89 million in revenue.
6916 Roper Road
Edmonton, Alberta, Canada