Ann: Altura Completes Two Binding Offtake Agreements, page-55

"Pricing to be agreed via consideration current market pricing information, including but not
limited to indices for spodumene (if available); prices published or announced by other
companies and movement in lithium carbonate prices, subject to the floor and ceiling price for
first three (3) years."

Binwood, no bank will sign off on that. There needs to be a mechanism for agreeing to the annual price, or an independent third party that decides, otherwise you are at the mercy of the counterparty if they play games. You don't seem to have even checked other offtake announcements. Go ahead and have a look for yourself at what other binding offtake deals look like.

The details are often the killers in these deals.