Shareholder action: Election of exit path

Company: [Your Mining Company Name]

Shareholder: [Name] | Shareholding: 5,000 Ordinary Shares (5%)

Date of notice: March 28, 2026

Path 1: Secondary private sale (recommended)

Mechanism:: Private transfer to an incoming buyer (Sibo US or Mudiwa UK).
Financial return:: $500.00 USD (100% recovery of initial cash capital).
Priority:: This path bypasses the company's $13,500 senior debt to the founder.
Timeline:: 2–4 weeks for documentation and settlement.

Path 2: Formal company liquidation (folding)

Mechanism:: Voluntary winding up and "fire sale" of all company assets.
Financial return:: $0.00 USD (estimated).
Priority:: Under corporate law, the asset pool must first settle liquidator fees and the $13,500 senior debt owed to the founder. Shareholders only receive a distribution if a surplus exists after debt is 100% settled.
Timeline:: 6–12 months for legal strike-off.

Shareholder election

I, the undersigned, having reviewed the Liquidation Outcome Estimate dated March 28, 2026, hereby elect the following path for my 5,000 shares:

[ ]I elect Path 1 (Secondary sale): I wish to proceed with the $500.00 transfer. (Please indicate preferred buyer/payout structure below).

Preferred buyer:

[ ] Sibo (2 Installments)[ ] Mudiwa (Lump Sum June)

[ ]I elect Path 2 (Liquidation): I formally request the board to begin the voluntary winding-up process, acknowledging that my projected return from the asset waterfall is $0.00.

Signed:

Date: