MJP's constitution states that the company must not have less...

MJP's constitution states that the company must not have less than 3, or more than 9 board membes (including the CEO). A good medium for a NIL revenue start-up would (in my opinion) have been 4 or 5 appointees. A brief background on all current board members, including:

- Qualifications/experience that might, or might not be useful for the successful launch of Jetpacks
- Total number of chair positions (including MJP)
- Board duties remuneration
- Countries of Residence

and where this company might eventually be heading, should things not work out as they could & should:

1) Jon Mayson - Former Chair of NZ Trade & Enterprise. Companion to the NZ Order of Merit for services to the shipping industry. Former CEO of the Port of Tauranga. Currently holding a total of 10 chair positions. MJP 2014/2015 director earnings A$46,317

2) Peter Coker - MJP CEO since April 2013. Former senior officer in the Royal Air Force. More recently, General Manager of Lockheed Martin (NZ) & Business Development Director for Asia Pacific for a Lockheed Martin Business Unit. Paid as a CEO, which includes board duties.

3) Jenny Morel - Founder & Managing Partner of No 8 Ventures Management. Resides in Singapore. MJP 2014/2015 director earnings A$41,964

4) John Diddam - Principal of a company, providing corporate advisory services to SME & mid-cap companies. Currently holding a total of 8 chair positions. MJP 2014/2015 director earnings A$18,333

5) Steve Bayliss - Former General Manager, Marketing for Air NZ. Previously held positions with brewer Lion Nathan & Coca Cola. Now runs his own consultancy business, Branded Culture. Currently holding a total of 5 chair positions. MJP 2014/2015 director earnings A$38,705

6) Dr. LiuRuopeng - Founder, chairman & executive director of Kuang-Chi Science Limited, a Bermuda company listed in **promotion blocked** of Hong Kong. Member of the Standing Committee of Shenzhen Youth Federation, Vice Chairman of Shenzhen Federation of Industry & Commerce and Vice President of Shenzhen Youth Chamber of Commerce since 2013. Resides in China. MJP 2014/2015 director earnings A$13,929

7) Dr. Zhang YangYang - Member of Kuang-Chi’s founding team. Executive vice president of Kuang-Chi Institute of Advanced Technology. CEO & executive director of KuangChi Science Limited, a Bermuda company listed in **promotion blocked** of Hong Kong. Doctorate degree from the Department of Engineering Science, University of Oxford, UK & master’s degree/bachelor’s degree from the Department of Electronic Engineering, Northeastern University, Shenyang, China. Resides in China. MJP 2014/2015 director earnings A$13,929

8) Dr. Lin Luan - Member of Kuang-Chi’s founding team. Executive director of KuangChi Science Limited, a Bermuda company listed in **promotion blocked** of Hong Kong. Vice President, Kuang-Chi Institute of Advance Technology. Leader of Kuang-Chi's near space technology projects, flight testing of the “Cloud” at the Apollo base in Shenzhen, China & launch of the “Traveller” in Ashburton, NZ. Doctorate degree from the Department of Electrical & computer Engineering, Duke University, USA. Master’s degree from the Department of Electronics, Peking University, China. MJP 2014/2015 director earnings not declared, as appointed in 2015/2016 financial year. Resides in China.

9) Dennis Chapman - Bachelor of Engineering from the Canterbury University. Initially worked at Tait Electronics as a Senior Design Engineer, responsible for mobile radio & telephone design. Establish Switchtec Power Systems in 1985, sold in 1998. Established Enatel, specialising in design & manufacture of standby power solutions for telcos & the wireless/industrial markets. Running Enatel today, leading the company’s technology development team. Previously director of MJP from 2 July 2010 to 22 July 2014. MJP 2014/2015 director earnings A$1,667