ASLAK) announces the signing of a share purchase agreement for the purpose of acquiring forty percent (40%) of the share capital of Al Raeda Industrial Investment Company (Al Raeda), by way of an increase in ASLAK’s capital through the issuance of new shares (consideration shares) to the Selling Shareholders of Al Raeda (the “Acquisition Transaction”)

1. Failure to satisfy any of the conditions precedent to the Acquisition Transaction within a maximum period of two hundred seventy (270) days from the date of signing the Share Purchase Agreement, unless the parties agree in writing to extend such period.

2. The issuance of any law, regulation, or decision by a competent governmental authority that renders the Acquisition Transaction or any of its obligations unlawful or impossible to perform.

3. The issuance of any judicial order, restrictive order, or any other order, or the imposition of any regulatory restriction or prohibition by any competent court or authority, that prevents completion of the Acquisition Transaction or results in the suspension of any activities or the attachment or seizure of any assets of the Target Company as a result of completing the Acquisition Transaction.

4. The occurrence of a material breach by the Selling Shareholders of any of their obligations under the Share Purchase Agreement.