Ann: Board Update and Change to CEO Incentives, page-26

There is no way CAY Management does not know this crazy CR is a complete rip-off and extremely unfair to SH. It hurts the majority of SH, that's for sure.

Since this CR should be the last CR before we have a financing deal (even offtake is connected to funding), I am hoping David Netherway and Phillip Gallagher (both are sitting on the Top 20 List) will vote down those Options out of their moral and conscience. As a matter of fact, voting down those Options will be in their personal interest too because both DN and PG did not participate this CR.

As with Peter Su, his participation is yet to be approved by SH. If we have a financing deal in the next four week, we don't need Su's $300k. That will reduce another 6.7m shares plus 6.7m Options.