RE:Private Placement
Based on the number of Tweed common shares currently expected to be outstanding on closing, this provides for an exchange ratio of 213.10 LW CPI common shares for each outstanding Tweed common share.
Based on the price at which Tweed common shares were issued in connection with a private placement completed by Tweed on March 7, 2014 (see below under the heading "Tweed Private Placements"), the transaction price per LW CPI common share to be issued is $0.89.