(a) ISSAR Sub-Underwriting
The Offer is priority sub-underwritten by ISSAR Global (or its nominee) (ISSAR) to a maximum amount of $25,000,000. This means that ISSAR (or its nominee) will receive the first 5,000,000,000 Shares of shortfall under the Offer which are not taken up by existing shareholders of under the shortfall offer. ISSAR will not receive a fee in consideration for its underwriting commitment
The number of shares held by ISSAR and its voting power in the table above show the potential effect of the sub-underwriting of the Offer. If ISSAR increases its voting power in the Company beyond 50%, it will then have the unilateral ability, by voting the Shares in which it has voting power, to defeat or pass resolutions at Shareholder meetings which may be passed by ordinary resolution.
THIS WOULD GIVE ISSAR 63>% OF THE COMPANY and MAJORITY OWNERSHIP
RB
Please wear fireproof gloves when reading this prospectus, page-3
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