Amarantus Bioscience Holdings Inc (AMBS)

[JPetroInc]

Closing Date. The Closing Date for each Target Asset investment into Amarantus shall be determined as three (3) business days following the fulfilment of the respective Conditions Precedent (as defined below) in respect of each Target Asset with the first Closing Date being on or before 30 June 2017 and the last Closing Date being 1 February 2018.

Conditions Precedent. (1) Release of all current liens held by secured debt holders of Amarantus; and (2) Completion of Bridge Financing.

*** current Magna liens alone = $16-Mil. not including interest, fees and overheads