Dear Stockholders of Chicago Illinois, RE: Authorization and Sale of Preferred Stock and Stock Transfer Restriction to Protect Tax Benefits We trust this letter finds you well and that you are taking an active interest in the affairs of Chicago Illinois. As a valued stockholder, we would like to inform you about an important matter pertaining to the authorization and sale of preferred stock, as well as a stock transfer restriction aimed at protecting tax benefits. In order to enhance our capital structure and ensure the company's continued growth and competitiveness, Chicago Illinois is planning to authorize the issuance and sale of preferred stock. This strategic decision is designed to bolster our financial position, enabling us to seize favorable investment opportunities and support our ongoing expansion plans. The preferred stock offering will provide various advantages to both the company and our stockholders. It will enable us to raise additional funds without diluting the rights of existing common stockholders or placing undue pressure on our financial resources. Moreover, the issuance of preferred stock will facilitate the attraction of potential investors seeking income-oriented investment opportunities. However, it is crucial to acknowledge the significance of preserving certain tax benefits associated with our preferred stock. In order to safeguard these benefits, the Board of Directors has proposed implementing stock transfer restrictions. These restrictions aim to ensure that the ownership of the preferred stock remains within a group of qualified stockholders, thereby maintaining our eligibility for specific tax advantages. By restricting stock transfers to designated individuals or entities meeting specific criteria, we can effectively safeguard the tax benefits attached to our preferred stock. These measures will assist the company in optimizing its income tax position and ensuring the ongoing viability and profitability of Chicago Illinois. In conclusion, the proposed authorization and sale of preferred stock, alongside the implementation of stock transfer restrictions, represent significant steps towards strengthening our financial standing and ultimately maximizing stockholder value. By embracing these strategic measures, Chicago Illinois is set to maintain its competitive edge, attract potential investors, and protect valuable tax benefits. We encourage all stockholders to carefully review this information and consider its implications. Your active engagement and support on matters of strategic importance are essential to the continued growth and prosperity of Chicago Illinois. If you have any questions or require further clarification, please do not hesitate to reach out to our Investor Relations department. Thank you for your continued trust and investment in Chicago Illinois. Sincerely, [Your Name] [Your Title/Position] [Chicago Illinois]