Not suggesting it should make anyone feel much better. But it does support what I reported that the qa went on for around hours.
Minutes for CGE Energy Inc. Annual Shareholder Meeting
The Annual Meeting of the Shareholders of CGE Energy, Inc. (the “Company”) was held on March 3, 2023
at 9:00 am EST at 7627 Park Place, Brighton, Michigan 48116, pursuant to the Notice of Annual Meeting of
Shareholders dated January 27, 2023, duly delivered to all shareholders of record as of January 12, 2023.
Call to order: 9:05 am EST by Gary Westerholm.
The following CGE Directors and officers were present at the meeting:
• Bryan Zaplitny
• Gary Westerholm
• Larry Leete
• Paul Schneider
• Jason Abel (General Counsel)
Gary Westerholm, the Chairman of the Company’s Board of Directors, presided as Chair of the meeting.
Paul Schneider recorded the minutes as Secretary of the meeting.
Prior to the meeting, Peter Price was appointed to act as Inspector of Election for the meeting. All
shareholders and proxy holders registered their presence with the Inspector of Election prior to calling the
meeting to order.
Shareholders with direct or beneficial ownership of 79,684,907 shares of the Company’s Common Stock
(96,784,522 total shares outstanding on the record date) were present at the meeting or represented by
proxies. A majority of the outstanding shares of the Company were represented and a quorum was
present.
Gary Westerholm introduced the members of the Board of Directors of the Company and its executive
officers who were present at the meeting.
Gary Westerholm announced that there would be a short presentation regarding the Company’s business,
operations and share structure. Shareholders were initially asked to write their questions down and submit
them to be answered by the Company.
Management Presentation: Jason Abel presented regarding the Company’s current structure and its
relationship with Clean Green Energy, Inc. and Aradatum, Inc. He also presented on the current share
structure of those company, and the Company’s future intentions regarding restructuring. He indicated
that future restructuring plans were dependent on a number of conditions, including obtaining future
capital.
Aradatum Update: Larry Leete and Paul Schneider presented an update on Aradatum, including that
Aradatum is working to raise $5-7M for the next portion of its business plan, including manufacturing
and demonstrating market fit. One of Aradatum’s 1/16
th scale demonstrators was operating during the
meeting.
Election of Directors: The next item of business was the election of eleven directors to hold office for a
one-year term as described in the Notice of the meeting.
The individuals nominated for the 2023-24 CGE Board of Directors are: Bruce Bruinsma; Mark Cecil;
Kevin Cook; Craig Hancock; Larry Leete; William Naubert; Michael Pollakowski; Paul Schneider;
Harold Telners; Gary Westerholm; and Bryan Zaplitny.
The Inspector of Election collected all ballots and proxy cards voted at the meeting for tally after the
meeting had ended. After the meeting was concluded, the Secretary to the meeting regarding the results of
the voting. Paul Schneider reported that, based upon the report of the Inspector of Election, the following
individuals had been elected to the 2023-24 CGE Board of Directors:
• Bruce Bruinsma with 7,219,918 votes;
• Mark Cecil with 7,237,083 votes;
• Kevin Cook with 7,242,154 votes;
• Craig Hancock with 7,219,918 votes;
• Larry Leete with 7,282,864 votes;
• William Naubert with 7,242,989 votes;
• Michael Pollakowski with 7,229,918 votes;
• Paul Schneider with 7,221,918 votes;
• Harold Telners with 7,189,919 votes;
• Gary Westerholm with 7,247,083 votes;
• Bryan Zaplitny with 7,330,988 votes.
Informal Question and Answer Session: After all agenda items were completed, Bryan Zaplitny and
Larry Leete answered various shareholder questions regarding CGE and Aradatum from 9:46 am to 11:15
am EST.
Respectfully submitted,
/s/ Paul Schneider
Secretary of the Meetin
