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Investor Presentaiton

5 CALIFORNIA PROPOSITION 65: BACKGROUND (CONTINUED) HOW DOES THIS CHANGE THE REGULATORY LANDSCAPE?: Proposition 65 shifts the burden of proving the safety of exposures to chemicals in products from government to industry. Proposition 65 is an exposure-based and risk-based regulatory program. Proposition 65 requires legally-mandated "clear and reasonable" warnings for exposures to chemicals in products that exceed risk-based benchmarks. • There are other compliance options, e.g., product reformulation Successfully addressing the challenges of Proposition 65 for your product(s) depends on both legal and scientific defenses.

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