SP26/4-1 It was moved and seconded
(1) The Shareholder acknowledges that the financial statements of the Company for the period ended December 31, 2025, together with the auditor’s report on such financial statements, have been provided to the shareholder in accordance with the requirements of the British Columbia Business Corporations Act;
(2) the number of directors of the Company be fixed at 7;
(3) the following persons, who have consented to be directors of the Company, are hereby elected as directors of the Company, to hold office for the term ending immediately prior to the earlier of the annual general meeting of the Company held in 2028 or the unanimous consent resolutions consented to in lieu of holding an annual general meeting in 2028, or until their successors are appointed:
Name Term
i. Axel Hovbrender 2028
ii. Gina Fernandez 2028
iii. Helmut Pastrick 2028
(4) KPMG LLP be appointed as auditors of the Company until the next annual reference date of the Company or until a successor is appointed, at a remuneration to be fixed by the Directors; and
(5) June 15, 2026 is hereby selected as the annual reference date for the Company for its current annual reference period.
SP26/4-2 It was moved and seconded
( 1 ) the Board recommend to Council (the Shareholder) that they approve and adopt the unanimous consent resolutions (Attachment 1) in the staff report dated May 1, 2026 addressing the business that would otherwise be required to be transacted at an annual general meeting;
( 2 ) upon adoption of the unanimous consent resolutions of the shareholder in the form in Attachment 1, any officer be authorized to sign the Notice of Appointment of Auditor (Attachment 2), notifying KPMG LLP of its appointment as auditors of the Lulu Island Energy Company Ltd. (LIEC) until LIEC’s next annual reference date or until a successor is appointed, at a remuneration to be fixed by the Directors;
( 3 ) the Lulu Island Energy Company 2025 Annual Report (Attachment 3) be approved and presented to the shareholder at the Special Council Meeting on June 15, 2026.
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