READ CAREFULLYOn or about March 13, 2017, Panasonic advised the company that it will not sign the company's proposed form of offtake agreement. When Panasonic reconfirmed its order by e-mail dated March 15, 2017, it also confirmed that in case of mass purchase of anode material from Saint Jean, Panasonic will do so under its own form of standard purchasing agreement. Even though Panasonic is proceeding with the order, there can be no assurance that Panasonic will proceed with a large purchase of anode material from the company, nor that Panasonic will enter into any other type of commercial agreement or arrangement with Saint Jean.
This does not change the fact that panasonic might buy materials from Saint Jean