THE CONCERNED SHAREHOLDERS' OBJECTIVES
In requisitioning the Meeting, the Concerned Shareholders’ objective is a reconstituted Board that, subject to the directors’ fiduciary duties, will:
1
An Independent Committee
an independent committee, made up of directors independent of management and of the defendants, to oversee the Falcon claim
2
Scrutinize Any Resolution of the Claim
no settlement, release, discontinuance, sale or assignment of the Falcon claim, and no merger or other combination with Lithium Ionic, without the approval of the Ontario Superior Court of Justice or of Emerita’s shareholders
3
Protection of Falcon Mineral Rights
prompt consideration of the protective measures available over the Falcon mineral rights in Ontario and in Brazil, and public disclosure of the conclusion reached
4
Disclosure of Leadership Appointment Terms and Entitlements
disclosure to shareholders of the terms of all executive, officer and director appointments, including any change of control and severance entitlements
5
Regular Reporting on the Falcon Claim
commit to full and timely disclosure to shareholders about the progress of Emerita’s business, finances and board governance.
6
Management Continuity for Spanish Operations
work with Mr. Merino and the team to review the Iberian Belt West preliminary feasibility study, explore technical options and to advance its permitting and financing.