Immediately following the acquisition noted in item 2 above, the Offeror, together with
its joint actors, owns an aggregate of 8,646,794 common shares of Centric, including the
Common Shares and rights to acquire an additional 1,500,000 common shares of Centric
upon the exercise of convertible securities (collectively, the “Convertible Securities”).
Of these totals, the Offeror owns 1,526,794 common shares, including the Common
Shares directly, which represents approximately 2.1% of all issued and outstanding
common shares of Centric as at August 5, 2010. In the event that the Convertible
Securities are fully exercised, the holdings of the Offeror and joint actors represents a
total of 10,146,794 common shares of Centric, or approximately 13.5% of all issued and
outstanding common shares as at August 5, 2010, calculated on a partially diluted basis
assuming the exercise of the Convertible Securities only.
4. Designation and number or principal amount of securities and the percentage of
outstanding securities of the class of securities referred to in paragraph 3 over
which:
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(a) the Offeror, either alone or together with any joint actors, has ownership andcontrol;
See 3. above.
(b) the Offeror, either alone or together with any joint actors, has ownership butcontrol is held by other persons or companies other than the Offeror or any
joint actor; and
NIL
(c) the Offeror, either alone or together with any joint actors, has exclusive orshared control but does not have ownership
NIL
5. The name of the market where the transaction or occurrence that gave rise to the
news release took place.
TSX Venture Exchange.
6. The purpose of the Offeror and any joint actors in effecting the transaction or
occurrence that gave rise to the news release, including any future intention to
acquire ownership of, or control over, additional securities of the reporting issuer.
The common shares noted in 2. above were acquired for investment purposes. The
Offeror or its joint actors may from time to time acquire additional securities of Centric,
dispose of some or all of the existing or additional securities they hold or will hold, or
may continue to hold their current positions.
7. The general nature and the material terms of any agreement, other than lending
arrangements, with respect to securities of the reporting issuer entered into by the
Offeror, or any joint actor, and the issuer of the securities or any other entity in
connection with the transaction or occurrence giving rise to the news release,
including agreements with respect to the acquisition, holding, or disposition or
voting of any of the securities.
N/A
8. Names of joint actors in connection with the disclosure required by this Appendix.
Pinetree Capital Ltd. and Lynn Factor.
9. In the case of a transaction or occurrence that did not take place on a stock
exchange or other market that represents a published market for the securities,
including an issuance from treasury, the nature and value of the consideration paid
by the Offeror.
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N/A
10. If applicable, a description of any change in any material fact set out in a previous
report by the entity under the early warning requirements of Part 4 in respect of the
reporting issuer’s securities.
N/A
DATED as of the 6th day of August, 2010.Sheldon Inwentash
“Sheldon Inwentash”