Ann: Talga and ACC graphite anode offtake update, page-28

This has been brought a lot on here already and it's pretty simple in my view. As it stands now ACC has a non-binding agreement with Talga about an 'intention' to offtake a specified amount of our product over a given period... At any point they may decide they don't like the terms Talga are laying out and walk away from the deal. When the companies do agree to terms ( as I believe they may very shortly ) and sign the binding agreement, they are then legally bound to take and pay for that product over that time frame. Now of course the whole thing is null and void if the permits are not given and the project does not go ahead and I don't see that that is really hard to understand or have written into the binding agreement. Now don't we all think that having a binding offtake agreement with Automotive Cells Company ( a joint venture company owned by Mercedes, Stellantis and Saft ) is a very good thing to have when arranging financing with the EIB, Nordic investment bank and Swedish export credit agency and also going into the final environmental court hearing, I really do and that to me is the whole point of it.