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Re: imants post# 79834

Monday, 12/10/2007 6:08:52 AM

Monday, December 10, 2007 6:08:52 AM

Post# of 143047
I am trying ouline some main items unclear so far:

1. Preferred shares. On what conditions Goodlife gets ?Did this change our stake in goodlife?
From TH:Also how do the preferred shares that Garr holds play out in the merger?RESPONSE:

There are no direct affects on either the common or preferred shares stemming from the uplisting process itself. Certainly the recapitlization required for the Fully Trading pink sheet company will not see any shareholders receiving a 1:1 exchange of shares, which would exceed the authorized capital of the new Company with which we are being acquired



2. 5 million financing. How it will influence us shareholders and our stake in Goodlife?
Seems it will take the form of convertible debt ,overall positive for us.

3. What are non -core assets remaining after sell-off and what will be sold to Fully Reporting Pink Sheet Company?Some contradictary info so far, initially Forex was included in Goodlife Nort America operations,just now they report it will not be included in assets. Unclear so far.

4. Will we get the same percentage of our current holdings in Esprit from 10% of Fully Reporting Pink Pink Sheet Company or from less stake? There is no figures in Town Hall so far.