Investor Presentaiton

10 CALIFORNIA PROPOSITION 65: BACKGROUND (CONTINUED) REGULATORY FRAMEWORK: Proposition 65 presents a very conservative regulatory framework • Risk benchmarks based on rigorous risk-based standards • Can go beyond this to refine the risk assessment using scientifically defensible risk assessment approaches Key is to understand how OEHHA would do it and improve on it You must be prepared to defend your assumptions and methodology • Data-based approach (e.g., product use information) . This is where the science and legal come together

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