Ann: Non binding, conditional and incomplete proposal, page-24

EG has seen the products fly off the shelves, they are not buying at 10c to make people happy, they are because they see a huge bargain.

Most people are mispricing the covid it,s ridiculous. it's a very serious virus, but it does not mean OLI is worth 18M cap. It also doesn't mean the spread is equal everywhere and the impact is the same everywhere on every company.... quite the opposite.

margin are exploding due to the premium people are happy to pay, in part due to covid.

So margins will improve, road traffic will boom, products are on trend, more of the mass will want organic food and supplements, the covid IS the catalyst for OLI's comeback.

Things change. EG is not paying 10c for fun. They're low-balling but they want it, because they've seen how it performs in THEIR stores through the EG pilots stores.

Under 15c it's not a good deal at all. That's my opinion.