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Ann: Letter of Intent for Product Offtake signed with BJR, page-23

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    I would go even further to say that a non-binding agreement such as this is much much better at this stage, to allow other interested parties to come in and if a better offer is presented, we are in a very healthy position for a fruitful negotiation. It's not really going to be a good negotiating position if we sign a binding agreement with the first interested party and get locked in to a contract when clearly other parties are interested...
 
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