SUNHYDROGEN, INC. → NewHydrogen, Inc. NEWH

The purpose of SunHydrogen's acquisition of securities of NewHydrogen was to make a strategic investment in NewHydrogen and to explore potential technical and commercial collaboration between SunHydrogen and NewHydrogen in the field of renewable hydrogen production. SunHydrogen does not have any plans or proposals which would relate to or would result in any of the following: (a) The acquisition by any person of additional securities of NewHydrogen, or the disposition of securities of NewHydrogen, provided that, SunHydrogen may, in its discretion, acquire additional shares of NewHydrogen by exercising the warrants SunHydrogen acquired under the purchase agreement in accordance with the terms thereof; (b) An extraordinary corporate transaction, such as a merger, reorganization or liquidation, involving NewHydrogen or any of its subsidiaries; (c) A sale or transfer of a material amount of assets of NewHydrogen or any of its subsidiaries; (d) Any change in the present board of directors or management of NewHydrogen, including any plans or proposals to change the number or term of directors or to fill any existing vacancies on the board, except that, SunHydrogen may seek to have Timothy Young, the chief executive officer of SunHydrogen, or other person designated by SunHydrogen, elected to NewHydrogen's board of directors; (e) Any material change in the present capitalization or dividend policy of NewHydrogen; (f) Any other material change in NewHydrogen's business or corporate structure; (g) Changes in NewHydrogen's charter, bylaws or instruments corresponding thereto or other actions which may impede the acquisition of control of NewHydrogen by any person; (h) Causing a class of securities of NewHydrogen to be delisted from a national securities exchange or to cease to be authorized to be quoted in an inter-dealer quotation system of a registered national securities association; (i) A class of equity securities of NewHydrogen becoming eligible for termination of registration pursuant to section 12(g)(4) of the Securities Exchange Act of 1934, as amended; or (j) Any action similar to any of those enumerated above.