If before the end of the Exclusivity Period, Adamantem confirms to QIP in writing that it has completed its due diligence investigations in all material respects and that it is willing to proceed with a transaction on the terms of the proposal dated 11 March 2024, including at or above the Indicative Offer Price, then the Exclusivity Period will be extended by 10 Business Days from the date it would otherwise have expired. The parties agree that they will act reasonably and in good faith when complying with their obligations under this clause.
Yet the 15/4 Announcement extending the exclusivity period says:
The Adamantem Indicative Proposal remains subject to a number of conditions ,including satisfactory completion of due diligence,
