Liberty Metals and Mining Holdings, LLC agreed to acquire Baralaba Coal Company Pty Limited from Baralaba Coal Company Limited on March 15, 2016. The transaction are conditional upon all of the following events taking place on or before the 3 business days after the commencement date. Baralaba Coal Company Limited, Baralaba Coal Pty Limited and Liberty Metals & Mining Holdings, LLC entering into the sale agreement and Liberty Metals & Mining Holdings, LLC and each member of the Baralaba Group other than the Baralaba Coal Company Limited entering into the Cockatiel loan agreement and on or before the implementation date. Jamie Harris, Shaun Fraser and Jason Preston, Liberty Metals and Mining Holdings, LLC and the Baralaba Coal Company Limited executing and exchanging the trust deed, the deed administrators, Liberty Metals and Mining Holdings, LLC and the Baralaba Coal Company Limited executing and exchanging the Administration debts payment deed; and all of the conditions precedent to completion of the sale agreement being satisfied or waived in accordance with the terms of the sale agreement. If any of the conditions precedent is not satisfied by the earlier of its due date or December 29, 2017, then unless otherwise agreed in writing by Liberty Metals and Mining Holdings, LLC and will cease to be bound by this deed and the deed administrators will convene a meeting of creditors to determine the future of the Baralaba Coal Company Limited. Rebecca Maslen-Stannage and Mark Clifton of Herbert Smith Freehills acted as the legal advisors to Liberty Metals and Mining Holdings, LLC. Liberty Metals and Mining Holdings, LLC completed the acquisition of Baralaba Coal Company Pty Limited from Baralaba Coal Company Limited on February 16, 2018.