[1]	The market value of common stock is the stock price at the close of trading on the date of issuance or at period-end, as applicable.
[2]	The risk-free interest rate was determined by management using the 1 year Treasury Bill as of the respective offering or measurement date.
[3]	The historical trading volatility was determined by the Company's trading history.
[4]	Management determined the dividend yield to be -0-% based upon its expectation that it will not pay dividends for the foreseeable future.
[5]	Management estimates the Company will have at least one stock offering in the next year.
[6]	Management estimates that the probability of a stock offering is 100% during the next year.
[7]	Management estimates that the range of percentages of existing shares offered in each stock offering will be 14% of the shares outstanding.
[8]	Represents the estimated offering price range in future offerings as determined by management.
[9]	The market value of common stock is the stock price at the close of trading at year-end, as applicable.
[10]	Management estimates the Company will have at least one stock offering per year over the next five years.
[11]	Management has determined that the probability of a stock offering is 100% during the next year.
[12]	Management estimates that the percentage of existing shares offered in a stock offering will be between 21% of the shares outstanding.
[13]	Represents the estimated offering price in future offerings as determined by management.
[14]	The risk-free interest rate was determined by management using the 0.5 or 1-year Treasury Bill as of the respective offering or measurement date.

Li3 Energy, Inc. 10-K/A