Tactical Resources: Amending Consulting Agreements for a Promising Future

Tactical Resources Corp. (TSXV: RARE) (OTC: USREF), a mineral exploration and development company, has announced its intention to amend certain consulting agreements with its key consultants. This move aligns with the company's strategic goals and financial objectives, as it prepares for a potential listing on the New York Stock Exchange or the Nasdaq Stock Market through a business combination with Plum Acquisition Corp. III ("Plum").

The consulting agreements, which were previously entered into with the company's Chief Executive Officer and Chief Financial Officer, among others, are set to become effective following the closing of a listing transaction. These agreements currently provide for bonus payments based on the achievement of certain milestones, including the successful completion of a listing transaction. However, Tactical Resources and its consultants are currently in negotiations to restructure these bonuses with a view to reducing the total bonuses payable.

The proposed amendments aim to replace the current bonus structure with a revised payment scheme that is payable following the initial filing with the U.S. Securities and Exchange Commission of an F-4 registration statement. This revised bonus payment would be settled prior to the closing of the business combination by the issuance of common shares of the company, subject to the approval of the TSX Venture Exchange. The shares issued as part of the revised bonus structure would be subject to forfeiture in the event that the business combination is not completed.

The proposed amendment to the consulting agreements is a strategic move by Tactical Resources, as it seeks to align the interests of its key consultants with the company's long-term success. By restructuring the bonus payments, the company aims to create a more sustainable and equitable compensation structure for its consultants, while also ensuring that they remain motivated and committed to the company's growth and success.

The potential forfeiture of shares in the event of a failed business combination serves as an incentive for the consultants to work diligently towards the successful completion of the transaction. This alignment of interests is crucial for the company's future prospects, as it ensures that its key consultants are fully invested in the company's success.

In conclusion, Tactical Resources' decision to amend its consulting agreements is a strategic move that aligns with the company's financial objectives and long-term goals. By restructuring the bonus payments and creating a more equitable compensation structure, the company aims to motivate and retain its key consultants, ensuring that they remain committed to the company's success in the years to come.