Dear Stockholders, We are pleased to inform you about the exciting developments in our company's financial strategy. The purpose of this letter is to provide you with a detailed description of the authorization and sale of preferred stock and the implementation of stock transfer restrictions to preserve our valuable tax benefits. Hawaii is renowned for its breathtaking landscapes, vibrant culture, and thriving tourism industry. Our company, based in the heart of Hawaii, has been making significant strides to capitalize on these favorable market conditions and position ourselves for long-term success. In order to raise additional capital for expanding our operations, we are seeking your authorization for the sale of preferred stock. By offering preferred stock, we can attract new investors who are eager to join us in our journey of growth and innovation. The preferred stock will carry exclusive benefits such as higher dividends and priority in case of liquidation, ensuring an attractive investment opportunity for potential shareholders. However, it is essential for us to protect the valuable tax benefits that we have diligently worked to secure. To preserve these benefits, we will be implementing stock transfer restrictions. These restrictions will help maintain the eligibility criteria necessary for our company to qualify for tax incentives specific to the state of Hawaii. By limiting the transferability of our stock, we can ensure that the ownership remains with those who fully align with our long-term vision and are committed to maximizing these tax advantages. Different types of Hawaii Letters to Stockholders regarding the authorization and sale of preferred stock and stock transfer restriction to protect tax benefits can be categorized as follows: 1. Hawaii Letter to Stockholders — Preferred Stock Authorization and Sale: This letter will focus primarily on gaining stockholder approval for the issuance and sale of preferred stock. It will highlight the benefits of investing in preferred stock and explain how the funds raised will be used to drive growth, enhance shareholder value, and solidify our market position. 2. Hawaii Letter to Stockholders — Stock Transfer Restrictions: This letter will primarily discuss the implementation of stock transfer restrictions to protect our tax benefits. It will explain the rationale behind the decision, emphasizing how these restrictions will safeguard our eligibility for valuable tax incentives and preserve long-term shareholder value. In conclusion, our company is embarking on an exciting journey of growth in the beautiful state of Hawaii. By thoroughly explaining the authorization and sale of preferred stock and the implementation of stock transfer restrictions, we aim to keep our valued stockholders informed and engaged in our financial strategy. Thank you for your continuous support and trust in our company. Sincerely, [Your Name] [Your Title]