Provide an overview of the CEO's portfolio of long-term incentives, including grants in the last

proxy circular and the more recent ones found on sedi.

Show the current "in-the-money" or realizable value of the long-term incentives (as of May 13,

2022 closing share price)

Make projections of the in-the-money or realizable value of long-term incentives assuming:

a. Share price increases by 25%, 50%, 75%, 100%, 150 %, 200 %, 250%, and 300%

b. Share price decreases by 10%, 20%, 30%, 40%, 50%, 60%, 70%, 80%, and 90%

c. Make reasonable performance-based vesting assumptions for PSUs for these

increases/decreases

Calculate total shareholder gains/losses for the same increases and decreases as above

Show CEO gains/losses as a % of shareholder gains/losses

Assess if the CEO's pay-performance sensitivity to share price is fair for shareholders, and

recommend changes as appropriate