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Thursday, August 27, 2020 10:48:11 AM
Also, am I correct in concluding that the remaining shares of the SAL acquisition, that were to be paid out to members of SAL, (Burba, Borgese, and Privitera) will need the patents to be filled first?
Milestone Number of Performance
Shares to be issued
Shares on closing date (issued on April 12, 2018) 4,700,000
Shares on SAL and the Company filing three US or foreign patent
applications with respect to intellectual property 4,000,000
Shares on SAL the Company filling three additional patents with respect
to intellectual property 5,536,496
Shares on SAL the Company filling three additional patents with respect
to intellectual property 5,536,496
Shares upon the Company completing either of the following: one or
more private placements financing(s) resulting in the issuance of an
aggregate of no less than 5,000,000 common shares in the Company; or
completing a laboratory – scale pilot plant for the processing of lithium or
lithium concentrates (issued on November 7, 2018) 5,536,496
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