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Investor Presentaiton

20 CALIFORNIA PROPOSITION 65: ENFORCEMENT (CONTINUED) ATTORNEY GENERAL'S NEW REGULATORY AMENDMENTS: Adopted August 2016 to curb perceived litigation and settlement abuses by bounty hunters. • Civil penalties may not be traded for payment of attorney's fees or create new requirements when settlement terms waive civil penalties due to defendant's conduct. • Plaintiffs must demonstrate that any "Additional Settlement Payments" made to Plaintiffs or Third Party as offset to civil penalties are in the public. interest. • Requires showing "significant" public benefits derived from settlement. Requires public benefits established by product reformulation, including demonstrable reduction in exposure in lieu of warning.
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