To Mutual 1 Shareholder/Members

Election to Serve on GRF's Board of Directors

May 19, 2021

Dear Shareholders:

As you are aware, an election has been scheduled for the purpose of seating two (2) Mutual One Shareholders on Golden Rain Foundation’s (“GRF”) Board of Directors. However, it has been reported that a candidate sent campaign statements via email to Shareholders, including those who opted out of receiving election information via email.

This has created an unfair advantage and tainted the election, as other Mutual One candidates seeking to serve on GRF’s Board did not have equal access. In order to maintain the integrity of the election and to promote transparency, the GRF Board has decided to cancel the upcoming noticed election, Mutual One, GRF Board seats.

As such, you are being provided a new secret ballot voting package ( this new ballot is ivory in color). Please read the instructions carefully, as the included information contains a new date and time for the return and tabulation of those ballots.

All Mutual One Shareholders are encouraged to participate in the governance of our community, which includes, among other things, serving on GRF’s Board of Directors. Should you have any questions, please feel free to contact Administration.

Sincerely,

Marsha Gerber Secretary Golden Rain Foundation, Seal Beach