Ann: Pearl Signs Placement Agreement for Cornerstone Investment, page-2

Pearl enters into conditional placement agreement for an initial investment of $5 million
from a cornerstone investor
• Initial investment will fund Pearl’s addition of further thermal desorption units and for
general working capital purposes
• Initial investment subject to a number of conditions precedent, including receipt of
required shareholder approvals, escrow of certain major shareholders of Pearl, the
alignment of IP interests between Pearl and Keshi and the completion of the Australian
Tyre Processors acquisition