Ann: Notice of Extraordinary General Meeting/Proxy Form, page-3

Lol
Giving the project away here
What’s our major shareholders doing?


Events of default include:
■ insolvency of the Company, KCL or Geoalcali;
■ any payment default under the CND;
■ material breach (after relevant cure period exhausted) of
other obligations under the CND;
■ cross default of any financial indebtedness of the Company
or its subsidiaries where the amount owed under the
financial indebtedness exceeds US$1,000,000;
■ the Company's senior facility agreement is cancelled or
terminated;
■ the Company takes any action that is designed to have the
effect of terminating its listing on ASX;
■ the key Project permit is revoked;
■ the Company, Geoalcali or both make a final decision to
discontinue the Project;
■ the Company receives any written notification from ASX that
ASX is contemplating terminating its listing;
■ an Issuer Group Member (as defined in the CND) breaches in
a material respect any representation or warranty given in a
Transaction Document (as defined in the CND);
■ a Transaction Document is or becomes void or
unenforceable in any material respect;
■ Geoalcali ceases to be a wholly-owned direct subsidiary of
KCL or KCL ceases to be a wholly-owned direct Subsidiary of
the Company;
■ compulsory acquisition of all or a material part of the assets
of the Company by a government agency; and
■ any event or circumstance occurs which has or would have a
Material Adverse Effect (as defined in the CND), (the Events of Default).