NICHOL GARETH → DYNARESOURCE, INC. DYNR

The Reporting Person acquired the Units for investment purposes. The Reporting Person does not have any present plan or proposal which would relate to or result in any of the matters set forth in subparagraphs (a) - (j) of Item 4 of Schedule 13D. The Reporting Person reserves the right to retain the normal flexibility of a significant stockholder to communicate with management and Issuer's Board of Directors regarding the Issuer and the Reporting Person's investment in the Issuer, acquire additional securities of the Issuer, exercise and/or convert securities held by the Reporting Person, vote his securities in the Issuer, and/or dispose of his securities in the Issuer, on such terms and at such times as the Reporting Person may deem advisable and to the extent permitted under applicable law the documents governing such securities. The Reporting Person reserves the right to change his intention with respect to any and all matters referred to in this Item 4.