Ann: Pure Lithium Vehicle to Unlock USA Assets, page-10

From the detail in the announcement:
• Consideration of $A1.05M1 paid to Zenith as cash of US$250,000 and 11,768,481 shares in Bradda representing
15% of the total issued capital (at a deemed price of US$0.048/share), with Zenith’s equity holding in Bradda to
be maintained at 15% (“Top-up Right”) at no cost to Zenith until the earlier of a 24 month period or upon the
completion of an initial public offering of shares in Bradda on a public secutities exchange.

That values Bradda at $3,765,000 USD with the ZNC 15% shareholding at $564,887 USD.
Based on whats been announced, Bradda have all the control in the process. On face value, the deal is ridiculous. Unless there is commitment to the IPO withn the the 2 year timeframe, IMO the deal is massively skewed in favor of Bradda.