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Re: Dr_Vonschellan post# 2929

Thursday, 10/13/2022 7:54:30 AM

Thursday, October 13, 2022 7:54:30 AM

Post# of 3193
Bearing will need some capital again in this case, and not only for that reason:

If the Bearing Transaction does not complete due to Bearing shareholders voting the
transaction down, then Bearing must make a C$1,000,000 payment for the
reimbursement of expenses to the LPI
. LPI must also make this C$1,000,000
reimbursement payment to Bearing if the Bearing Transaction does not complete due to
the SBD Transaction being terminated or not completed prior to the end date.


LPI Notice of Extraordinary General Meeting/Proxy Form
28 Sep 16:06