Hiru Corporation (HIRU)

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On February 22, 2024, the ex-management of HIRU and AZC executed an ASSIGNMENT OF
RIGHTS TO LEASED EQUIPMENT AND TERMINATION OF EQUIPMENT LEASE. Basically, a quit claim type of a transaction back to Bayern. The significance of this event is that Bayern has agreed to re lease or rent the current water equipment back to HIRU new management. This arrangement will enable the new HIRU management to restore the water packing operations and recover all water contracts and restore revenues. Details of the favorable terms will follow in a separate filing which will be less than the “going market rate” as both sides (Bayern and new HIRU management) are eager to put this trauma and business interruption event behind them.