Acceptance agreements are legally binding contracts related to transactions between buyers and sellers. Their provisions usually set the purchase price of the goods and their delivery date, although agreements are only concluded before the production of goods and the breaking of the ground for a facility. However, companies can generally withdraw from a reception contract by negotiating with the counterparty and subject to payment of a fee. The company believes this would be an effective financing structure for Tilapia`s development, which, if supported by the field economy, would involve drilling other boreholes and building a 7-km-long gas pipeline to be connected to a nearby export terminal. A purchase agreement is an agreement between a producer and a buyer to buy or sell some of the producer`s future products. A purchase contract is normally negotiated before the construction of a production plant – such as a mine or plant – to secure a market for future production. Purchase agreements are typically used to help the selling company acquire financing for future construction, extension or new equipment projects by promising future revenue and proving existing demand for the goods. The purchase agreement guarantees the sale of up to 50% of the annual production planned for the first three years from the project. Advanced purchase negotiations with other parties are also ongoing. Purchase agreements can also benefit buyers and function as a way to guarantee goods at a set price.

This means that prices will be set for the buyer before manufacturing begins. This can serve as a hedge against future price changes, especially when a product becomes popular or a resource becomes scarcer, causing demand to outweigh supply. It also offers the guarantee that the requested assets will be delivered: the execution of the order is considered an obligation of the seller according to the terms of the acceptance contract. James Berwick, CEO, said: « We welcome the opportunity to secure this purchase and down payment financing for the development of Tilapia which, if TLP-103C-ST is successful, avoids the need for additional equity financing and further dilution for shareholders if we expand the site`s production capacity. . . .