GreenBank Engages JV Capital as Part of Strategic Review - Seite 2

The fee for the initial project will be payable in 3 instalments:

1. An initial instalment of C$37,500 to be payable on delivery of JVC's report on its initial review;
2. A second instalment of C$18,750 payable 6 months from the commencement date if the 10-day VWAP of the Company's common shares is at least 15c on that date; and
3. A third instalment of C$18,750 payable 12 months from the commencement date if the 10-day VWAP of the Company's common shares is at least 30c on that date.

The instalments of the fee are only payable to the extent that they are utilised to subscribe for common shares of the Company. The Company is not obliged to make any cash payment to JVC in respect of such instalments.

To facilitate the above fee payment the Company has agreed to grant to JVC warrants to subscribe for 1,500,000 common shares of the Company such options to be exercisable:

1. provided that this agreement has not been terminated by notice during the initial period of three months or for breach by JVC at any time; and
2. within 13 months of the commencement date at an exercise price of C$0.05 per share.

The amount that JVC can subscribe pursuant to the warrants is limited to the fees that actually become payable to JVC under the agreement. The warrants are only transferable with the prior written consent of the Company.

About GreenBank

GreenBank Capital is a business-transformation firm, which aims to nurture early stage and growth companies to their full potential. Through modern approaches to the provisions of consultancy services, GreenBank takes a stake in companies it hopes to nurture and gives the opportunity to the founders and executives of those companies to benefit from the years of collective experience of the GreenBank management team.

The team are based in London and Toronto and work diligently across borders to ensure that businesses in the GreenBank portfolio reach their core objectives. The businesses the Company typically works with are start-ups or early-stage and include mining and mineral exploration companies. From this emergent state, Greenbank aims to quickly implement strong business practices by deploying operations, communications, data strategy and financial expertise.

Whether a business desires to become a successful private company, list publicly, or is seeking a profitable exit, GreenBank tries to add value at every stage as a strategic partner. GreenBank Capital is listed on the Canadian Securities Exchange, under the symbol "GBC", and on the OTC markets (OTCMKTS: GRNBF) as wells a the Frankfurt Boerse (FRA: 2TL).