ECT_REP,In regards to "How the project bond works" section from...

ECT_REP,

In regards to "How the project bond works" section from today's announcement, please clarify below

1. Initially will the 350 million shares be issued from the existing ELF (that is holding the past ESIOA & ESIOB) holding to an "intermediary"
by signing ELF loan contract?

2. Is this 350 million shares under EBG, escrowed or not?

3. If the 350 million shares under EBG is not escrowed, these shares could become tradable.
In other words, please clarify whether the 350 million shares issued under EBG has any trading restrictions or blackouts

4. During the recourse, the could the 350 million shares issued under EBG be
4.1 traded partially or entirely. The question here is not what the intermediary will do.
The question, are the shares issued under EBG tradable in public

5. Please explain in simple terms the following from the announcement on page 2/5

"To the extent the bond contains ECT shares at the conclusion of the obligation, those shares may be
returned to ECTF and subsequently ECT via a selective buy-back and then cancelled."

Thanks.