Golden Leaf Holding Ltd (GLH)

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GOLDEN LEAF HOLDINGS LTD.
EARLY WARNING REPORT FILED PURSUANT TO
NATIONAL INSTRUMENT 62-103
A. Name and Address of the Offeror
Peter Saladino (the “Offeror”)
6067 Atlas Place SW
Seattle, WA 98136
B. The designation and number or principal amount of securities and the offeror’s
securityholding percentage in the class of securities of which the offeror acquired
ownership or control in the transaction or occurrence giving rise to the obligation
to file the news release, and whether it was ownership or control that was
acquired in those circumstances
On March 15, 2016, the Offeror acquired ownership of 30,769,777 common shares (the
“GLH Shares”) of Golden Leaf Holdings Ltd. (“GLH”), representing approximately 32.5%
ofthe issued and outstanding GLH Shares, and 250,000 common share purchase
warrants ofGLH (the “Warrants”). Each Warrant entitles the holder to purchase one
GLH Share at a price of US$0.39 until March 15, 2018.
Collectively, the GLH Shares and Warrants acquired by the Offeror represent
approximately 32.7% ofthe issued and outstanding GLH Shares, assuming the exercise
ofthe Warrants.
C. The designation and number or principal amount of securities and the offeror’s
securityholding percentage in the class of securities immediatelyafter the
transaction or occurrence giving rise to obligation to file the news release
The Offeror holds 30,769,777 GLH Shares, representing approximately 32.5% ofthe
94,540,673 issued and outstanding GLH Shares, and 250,000 Warrants. Collectively,
the Offeror has beneficial ownership of 31,019,777 GLH Shares, assuming the exercise
ofthe Warrants, representing 32.7% of the issued and outstanding GLH Shares on a
partially diluted basis.
D. The designation and number or principal amount of securities and the percentage
of outstanding securities of the class of securities referred to in paragraph C over
which:
(a) the offeror, either alone or together with any joint actors, has ownership
and control,
See paragraph C above.
(b) the offeror, either alone or together with any joint actors, has ownership
but control is held by other persons or companies other than the offeror or
anyjoint actor, and
Not applicable.
(c) the offeror, either alone or together with any joint actors, has exclusive or
shared control but does not have ownership.