Ann: Letter to Shareholders, page-25

The expiry date of PB's options are of zero relevance,Maxter. They will almost certainly expire worthless and it would surprise me if he has given them a 2nd thought.We should follow that lead. What he has given thought to and what does give an indication of his expectation for a payoff,is the remaining plan shares.After consideration of where the company stands in the timeline and the amount of reward he believes to be fair,the length of the extension to the repayment date he believes may see the desired outcome and he is seeking is.... …. 4 YEARS. Nuff said.