The Implementation Agreement also provides Tyhee with the right to match any potential third party proposal. Sutter is permitted to terminate the Implementation Agreement under certain conditions, including the payment of a $1.5 million break fee to Tyhee. In addition, Tyhee has agreed to pay a $750,000 fee to RMB, if RMB terminates the Transaction as a result of the concurrent financing not being completed on or before August 15, 2014, or a fee of $1.5 million, if Tyhee does not complete the additional $14 million funding within 60 days of completing the concurrent financing.

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The Implementation Agreement also provides Tyhee with the right to match any potential third party proposal. Sutter is permitted to terminate the Implementation Agreement under certain conditions, including the payment of a $1.5 million break fee to Tyhee. In addition, Tyhee has agreed to pay a $750,000 fee to RMB, if RMB terminates the Transaction as a result of the concurrent financing not being completed on or before August 15, 2014, or a fee of $1.5 million, if Tyhee does not complete the additional $14 million funding within 60 days of completing the concurrent financing.

Concurrent Financing

In connection with the Transaction, Tyhee intends to complete, through a previously announced (see Tyhee release dated November 26, 2013) special purpose vehicle (the "SPV"), a concurrent financing of a minimum of US$15 million. The SPV would provide a loan or loans to Tyhee or its wholly owned US subsidiary (the "SPV Loan").

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Tyhee is also pleased to announce that it has proposed a separate Private Placement financing of 10,000,000 units at $0.10 per unit, with each unit comprising one common share in the Company's stock and one half warrant, whereby one whole warrant would be exercisable for two years at $0.15.

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