| 1. |
I am declining the opportunity to “early commit” presented to me under the terms of the Cooperation Agreement.
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| 2. |
I believe the removal of the standstill agreement is in the best interest of shareholders. (I don’t believe that my decision to decline the offer extended has an impact on the
standstill. My understanding following a discussion with Jared is that only Brad’s decision would impact the standstill).
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| 3. |
I will leave the option to remain on the Board open until the proxy needs to be filed for the Annual Meeting. If at that time, my fellow Board members would still support my
renomination, I will re-evaluate my decision based on what improvements have been made within the company between now and then (if any).
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| 4. |
I strongly believe that further changes at the Company are required.
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| 5. |
I will continue to actively serve alongside my fellow directors and fulfill all of my responsibilities between now and the end of my term.
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