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Ann: Appendix 3Y-Howard Digby, page-64

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    Flec good points.

    I am a little perplexed at how much value a strategic advisor offers the company. Hearing from those who attended the AGM, I thought the BOD made it very clear what the strategy was?

    Produce functional 20nm chip with help of red-carpet treatment from IMEC. Once proven, IMEC then takes us by the hand, walks us down the hallway and introduces us to the top 4 household semi-conductor names, supposedly to get the auction underway.

    I understand eventual negotiations, due diligence etc will be convoluted and complex, however this is not the role description of PH as far as I can tell. He is to advise strategically.

    Was this not what IMEC were doing for us?
 
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