International Battery Metals Ltd (IBATF)

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On June 5, 2020, Sorcia Minerals LLC paid a deposit of USD$150,080 (CAD$201,531) to one of the
Company’s vendors as consideration for participation in a future private placement. As at July 31, 2020, the
deposit has a balance of USD$81,874 (CAD$109,821). As at July 31, 2020 Company has recorded $201,531
as an obligation to issue shares to the third party.


10. Deferred Acquisition Costs
On September 26, 2019, the Company, through its wholly owned subsidiary, entered into an agreement to
purchase a reserve osmosis desalination system. Under the terms of the agreement, the Company is required
to pay a total of US $450,577 (CAD $595,832). As at July 31, 2020, the Company had paid US $180,000
(CAD $241,439) (January 31, 2020 – CAD $238,032) which is included in deferred acquisition costs. The
remaining balance of US $270,577 (CAD $362,932) is due in fiscal 2021.

Interim Financial Statements- Sep 25 2020 https://www.sedar.com/DisplayCompanyDocuments.do?lang=EN&issuerNo=00033147

I dont remember the desalination system purchase.