Contract analysis

1. The Monitor and all Monitor personnel who participated in the preparation of this Report have maintained complete independence from all Covered Parties — Halcyon Semiconductor AG, Halcyon US Holdings Inc., and Marlowe Asset Management Photonics Inc. — during the entirety of the reporting period.

2. No conflicts of interest, whether actual or apparent, have arisen during the reporting period that would impair the Monitor's objectivity, impartiality, or professional judgment.

3. Neither the Monitor nor any of its personnel, officers, directors, or affiliates maintains any financial relationship with HSAG, Halcyon US Holdings Inc., or VPI, other than the engagement agreement providing for annual compensation of One Million Two Hundred Thousand Dollars ($1,200,000) per annum, payable in quarterly installments of Three Hundred Thousand Dollars ($300,000) per quarter by HSAG, subject to adjus

4. The Monitor has not received, and has not been offered, any gift, gratuity, compensation, entertainment, loan, or thing of value from any Covered Party, any officer, director, employee, or agent of any Covered Party, or any affiliate of any Covered Party, other than the compensation described in paragraph 3 above.

5. The Monitor has disclosed to the Monitoring Agencies any circumstance, relationship, or event that could reasonably be perceived as affecting the Monitor's independence, objectivity, or impartiality. As of the date of this certification, [no such circumstance, relationship, or event exists / the following circumstances have been disclosed: ______]. This certification is made under penalty of perjury and in accorda