Terms and Eligibility of Private PlacementTerms and Eligibility of Private Placement The private placement consists of the sale of a minimum of 100,000,000 units and a maximum of 140,000,000 at $0.025 per unit for gross proceeds of a minimum of $2,500,000 and a maximum of $3,500,000. Each unit (a "Unit") consists of one (1) common share and one (1) one common share purchase warrant. Each common share purchase warrant entitles its holder to purchase one common share of Peak, at a price of $0.04, for a period of twenty-four (24) months following the closing date. All securities issued pursuant to the private placement will be subject to a four month and one day hold period from the date of closing. The private placement is available to all accredited investors and to all Peak shareholders who were shareholders as of March 19, 2015 Read more at https://www.stockhouse.com/news/press-releases/2015/04/24/peak-provides-update-and-clarifies-eligibility-to-participate-in-private#7HtiOhOKuQxQAk3G.99