Ann: Advisor Appointed for Debt Funding, page-17

Walt4566. If small shareholders end up in the fire, the bigger ones will end up in a much bigger fire.
Steve, for example, owns 3% of the company and has stacks of incentives running if he pulls these deals off.e.g.
Listing Rule 10.15 requires that the following information be provided to Shareholders for the
purposes of obtaining Shareholder approval pursuant to Listing Rule 10.14:
(a) The maximum number of Performance Rights to be issued to the Directors (or their nominee) is
as follows;
• Nicholas Lindsay – 5,000,000 under Resolution 7;
• Stephen Promnitz – 5,000,000 under Resolution 8; and
Lake Resources NL – Notice of Extraordinary General Meeting and Explanatory Statement 15
• Stuart Crow – 5,000,000 under Resolution 9.
(b) The terms and conditions of the Performance Rights are set out in Annexure B of the LTI Plan
(which is set out in Schedule 1).
(c) The Performance Rights in relation to Resolution 7, 8 and 9 will vest in tranches linked to the
performance criteria set out in Schedule 1, and summarised as follows:
Director Resolution Performance Criteria

Nicholas Lindsay 7
• 50% vests when a Pre-Feasibility Study is
complete
• 50% vests when a Pilot Plant is established
on-site at the Kachi Project in Catamarca

Stephen Promnitz 8
• 50% vests when a Pre-Feasibility Study is
completed; and
• 50% vests when an investment partner
signs an agreement to invest into the Kachi
Project in Catamarca

Stuart Crow 9
• 100% vests when an investment partner
signs an agreement to invest into the Kachi
Project in Catamarca;

N.B. Not for getting finance from SD Capital, unless it's from an "investment partner", not for loans. Steve and Stu (all) have got more riding on getting an investment partner and nothing re the pilot plant, so, you can see where their number one goal is in respect of that SD Capital deal. And WE ALL benefit from each of those incentives being collected.
Nick Lindsay's just a couple of months away from collecting all of his, Steve and Stu have much harder targets!!