Ann: Capital Call with LDA, page-98

APPALLING THAT NO ONE CAN READ THIS ANNOUNCEMENT. OR UNDERSTAND IT.

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Sydney – 16 August 2021: BrainChip Holdings Ltd (ASX:BRN, OTCQX: BRCHF), a leading
provider of ultra-low power, high performance AI processor technology today announced that
the Company has submitted a capital call notice to LDA Capital Limited and LDA Capital
LLC (LDA) to subscribe for up to 8,750,000 shares.

The terms of the Put Option Agreement between the Company and LDA were announced to
ASX on 13 August 2020 and 26 October 2020.
The issue price for the capital call shares will be 90% of the higher of the average daily
VWAP of Shares in the ten-trading day period after exercise of the put option (subject to any
applicable adjustments) and the minimum price notified to LDA Capital by the Company. The
VWAP calculation is subject to adjustment as a result of certain events occurring, including
trading volumes falling below an agreed threshold level or a material adverse event
occurring in relation to the Company.

This capital call will utilise existing shares held by LDA.

As of the date of the capital call notice, available fundingunder the agreement amounts to
A$34.2 million while the company is committed to drawing down a minimum of A$9.2 million
no later than 22 October 2021.

There are no additional fees or options associated with this capital call.
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above highlighted ARE THE only IMPORTANT points.
The share are NOT being a new issue but already EXIST and are held in TRUST.
It is part of a Funding Agreement made one year ago in August & Oct 2020. NOTHING NEW HERE!
The AVAILABLE FUNDING under the agreement remaining is $34.2 Million with $9.2 Million required to be drawn down by BRN before 22 Oct 2021. From this we have now drawn down 8,750,000 shares at a price as yet to be determined from a pool of currently held shares (in Trust).
There was no fees or options issued in regard to this draw down.

AS FF stated it is "Free Money" as these shares were already issued but gave us no financial benefit. Now they do!
And our contract means we must draw down funds by 22 OCT 2021.

Whats so hard to understand and read this in the Announcement today? Its there in black & white!

It benefits LDA to have the stock price drop as under the formula they will pay less (less draw down) for those 8,750,000 shares!
So who has driven the SP down hitting stop losses etc today? You guess!

Yak52