13D Filing: Samlyn Capital and Applied Minerals Inc. (AMNL)

The disclosures regarding the Investment Agreement,
the Convertible Notes, the Warrant Cancellation Agreement and the A&R Registration Rights Agreement in Item 4 and Item 6 of
Amendment No. 1 are incorporated herein by reference.

The form the Investment Agreement, form of
the Convertible Notes, form of the Warrant Cancellation Agreement and form of the A&R Registration Rights Agreement that were
incorporated by reference as separate exhibits to Item 7 of Amendment No. 1 are also incorporated herein by reference.

Other than as set forth above, the Reporting
Persons do not have any contract, arrangement, understanding or relationship with any person with respect to securities of the
Issuer.