LGX Oil + Gas Inc ROAOF

RE: RE: Just re-read the release

[waterboy100]

In addition, in recognition of the continued support of the Company by the Banks, the Company has agreed to pay them an equity success fee upon the occurrence of certain events. In each case the specified events require a successful conclusion of the sale or recapitalization of the Company such that the Banks can participate in such a transaction pari passu with all common shareholders of Oilexco. The equity success fee will be payable in the form of common shares of Oilexco provided that certain legal and regulatory considerations can be satisfied. The maximum number of shares that could be issued to the Banks is equal to 24.9% of Oilexco's total issued and outstanding common shares from time to time (being, on today's date 55,527,000 common shares).

Read the 3rd line......successful conclusion of sale or recapitalization of the company

also so the bank can participate with all common shareholders