None of the members of the R&N Committee are considered by the...

None of the members of the R&N Committee are considered by the Board to be independent Directors. Dr Syrmalis is the Chairman of the R&N Committee and is not considered by the Board to be an independent Director. The R&N Committee does not currently have a majority of independent Directors or an independent Chair and therefore does not comply with Recommendation 2.1.

The Board does not have a formal board skills matrix, and therefore does not comply with Recommendation 2.2

There are no Directors considered by the Board to be independent Directors. iQ3Corp does not have a majority of independent Directors and therefore does not comply with Recommendation 2.4

iQ3Corp does not comply with Recommendation 2.5.

The A&R Committee does not have a majority of independent Directors and is not chaired by an independent Director who is not also the Chair of the Board; therefore, the A&R Committee does not comply with Recommendation 4.1.

The R&N Committee does not currently have a majority of independent Directors or an independent Chair and therefore does not comply with Recommendation 8.1.

Nice job on Corporate Governance