Shareholders Meeting - Sunday 29th June 2008

Shareholders Meeting

When - Sunday 29th June 2008 (venue to be confirmed at 1pm SLT, 9pm UK time)
Attendance is by invitation only. If you'd like to attend or add additional agenda topics then please IM Cayman Beaumont or e-mail on caymanbeaumont@hotmail.com

Agenda Items

1 - Appointment of new CEO.

The only nominee at present is Cayman Beaumont, all other nominees MUST declare their interest 24 hours prior to the shareholders meeting. This is to allow shareholders to be notified in advance of the meeting and to allow sufficient time to consider their choice.

2 - Re allocation of CEO Shares (Held by Sully Okelly)

Sully Okelly held company 250,035 company shares, the dividend payments was to be used to compensate Sully for work undertaken as CEO. He is no longer active in VBL and it is proposed that these shares are returned to the treasury.

3 - Announcement of Board of Directors

If Cayman Beaumont is elected as CEO then the new Board of Directors will be announced. This will include roles and responsibilities.

4 - Re Allocation of Shares to Company Directors

With 50% of company shares held by VBL. The Board of Directors will discuss:

Re allocation of some shares to newly appointed Directors as compensation
Possible Share split

5 - Arrange Board meeting for July.

6 - Any other Business

Regards,

Cayman Beaumont

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