APPROVALS REQUIRED
The Proposed Acquisition is subject to the following being obtained:
(i) the approval of the SC;
(ii) the approval of the shareholders of CLIQ at an extraordinary general meeting to be convened;
(iii) the approval of BNM for the remittance of funds abroad;
(iv) the consent of MOE for the change in ownership of the Subsoil Use Contract from Phystech to the SPV pursuant to the BTA;
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(v) the approval of MOE for the Proposed Development Plan pursuant to the BTA;
(vi) the approval/consent of the MOE and the KASE listing authority for the KASE Listing pursuant to the BTA;
(vii) the approval of the competent authority of the Republic of Kazakhstan for the sale of the 51% equity interest in the SPV to CLIQ, if required;
(viii) the consent of the anti-monopoly authority of Kazakhstan for the Proposed Acquisition; and
(ix) the approval/consent of any other relevant authorities/parties, if required.