INTERESTS OF MANAGEMENT AND OTHERS IN MATERIAL TRANSACTIONS INTERESTS OF MANAGEMENT AND OTHERS IN MATERIAL TRANSACTIONS
Other than the Offtake Agreement, the Subscription Agreement, and the Framework Agreement, each as disclosed herein, there were no material interests, direct or indirect, of any director or executive officer of the Corporation, any person or company that beneficially owns, or controls or directs, directly or indirectly, more than 10% of the outstanding Common Shares, or any associate or affiliate of any of such persons or companies, in any transaction within the three years most recently completed financial years that has materially affected or is reasonably expected to materially affect the Corporation or a subsidiary of the Corporation. The Corporation and Mr. Mukund Purohit have entered into a finder's agreement with effect as of October 6, 2014 (the "Finder's Agreement"), in connection with securing financing for the Wynyard Carnallite Project. Pursuant to the terms of the Finder's Agreement, a finder's fee in the amount of 2.5% on the first $1 billion, and 2% on amounts exceeding $1 billion, will be paid by the Corporation to Mr. Purohit in the event that IDBI Capital Market Services Ltd. or SBI provide an equity investment in, or financing for, the Wynyard Carnallite Project.
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