Running discussion on SP, page-82942

Locke priced themselves out

Break Fee
• In the event that the Term Sheet is terminated by AVZ, by Locke on the basis of
due diligence, or the formal agreement is not executed by 31 March 2024 AVZ
must pay Locke’s reasonable costs in relation to the Transaction capped at
US$200,000

So there goes another MILLION DOLARS of S H money by NIGEL fail efforts ...imo

• A break-fee of US$1,000,000 is payable to Locke by AVZ in the event that AVZ
terminates the Term Sheet at any time

Exclusivity
• AVZ must not enter into negotiations with any third party in relation to the
funding of Proceedings from the commencement to the termination of the Term
Sheet