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Received and Thanks

=0A=

All My Best

= Renee =E2=80=9CSnow=E2=80=9D Melk

AIC Energy Corp.,

dba: SAFuels X<= /div>

2840 S Jones Blvd, Suite 1

Las Vegas NV 89146

Office: (702)685-1118

Direct: (702)508-1908

Email: smel= k@aicenergycorp.com

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From: Phillip <pstack@keitu.com>
Sent: Wednesday, D= ecember 1, 2021 5:12 PM
To: directory@aicenergycorp.com; smelk@ai= cenergycorp.com; fchen@aicenergycorp.com
Cc: 'Kathleen Spilman'; = bchen@aicenergycorp.com; jyang@aicenergycorp.com
Subject: Explana= tion of Financials for December 1

Hi Fred and Snow,

Attached is a breakdown of the 2026 annual numbers from the pas= t three financials sent on June 7^th, October 15^th, an= d December 1^st. From what I can see, there is nothing that= jumps out as a calculation problem, but rather is a product of better info= rmation.

To summ= arize the notes quickly, the change is mainly due to a smaller yield of ren= ewable jet fuel produced in the newer, more accurate heat and material bala= nce numbers. This will impact the SAF revenue, the RIN credits, and t= he blending fuel (under Cost of Goods Sold). All of which result in a= lower income (even the blending fuel since the SAF revenue is 1.25 times t= he COGS allocated to the production of SAF).

&nbs= p;

Feel free to reach out with questions or comme= nts.

Sincerely,<= /p>

Phillip Stack