Resolution 5 & 6 - Extension of loan and escrow period, page-6

I will be voting no to 4, 5 & 6.

4. They want to top up top tier salaries, although I can appreciate that it will help keep and obtain the right people, they already earn a lot without a market ready product. We keep hearing prototypes, once this changes and revenue gears towards breaking even or profit so will my sentiment on this subject.

5 & 6. Targets were set and not met. I have nothing against Pivac's rewarding themselves in shares but they didn't meet the criteria and new criteria should be set with a new goal better for share holders than the current one they couldn't obtain.

Our votes will mean very little in the scheme of things and they will continue to get what they want as we are further diluted and they hold percentage of ownership.

I will be voting yes to 7. The company can not run without money and were stalled on this.