Capstone Energy Plus, Inc. Common Stock AGM 2026

Good morning, everyone, and welcome to the 2026 Stockholders Annual Meeting of Capstone Energy+, Inc. I am Vincent Canino, President and Chief Executive Officer of Capstone. Thank you for joining us today. It is my pleasure to introduce Robert Powelson, Interim Chair of our Board of Directors, who will preside over today's meeting.

Representatives of CBIZ CPAs, our independent registered public accounting firm, are expected to be present today. They will have an opportunity to make a statement if they wish, and will be available to respond to appropriate stockholder questions. I will also serve as the company's Inspector of Elections for today's meeting and have taken the required oath. Before we proceed, stockholders may submit questions through the designated fields on the meeting website. Questions pertinent to the meeting matters will be addressed subject to time constraints. Please limit questions so we can provide as many stockholders as possible an opportunity to participate. The Board of Directors fixed the close of business on July 2nd, 2026, as the record date for determining stockholders entitled to notice of and to vote at this annual meeting.

The 2026 report, proxy statement, and accompanying proxy materials were first mailed to stockholders on or about July 8th, 2026. The affidavit or other evidence of mailing will be incorporated into the minutes of this meeting. As of the record date, 32,220,718 shares of voting common stock and 80,000 shares of Series A convertible preferred stock were outstanding and entitled to vote at the annual meeting. The Series A convertible preferred stock was entitled to 16,203,835 votes when voted together with common stock as a single class, resulting in aggregate voting power of 48,424,553 votes on matters submitted to the holders of common stock and the Series A convertible preferred stock, voting together as a single class. The 333,120 outstanding shares of non-voting common stock were entitled to notice of, but were not entitled to vote at the annual meeting.

In my capacity as Inspector of Elections, I have determined that holders representing 20,293,123 votes, or approximately 42% of the voting power entitled to vote as of the record date, are present virtually or represented by proxy. Because this represents at least 33.3% of the voting power of all outstanding shares of capital stock entitled to vote at the meeting, a quorum is present, and the annual meeting is duly constituted for the transaction of business. I will now present the matters to be voted upon at the annual meeting. The Board of Directors recommends a vote for each of the three proposals described in the proxy statement. Proposal one, election of directors. Proposal one is the election of Vincent J. Canino and John P. Miller as Class III directors, each to serve until the 2029 annual meeting of stockholders or until his successor has been duly elected and qualified, or until his earlier death, resignation, or removal.

Proposal two, an advisory vote on executive compensation. Proposal two is a non-binding advisory vote to approve the compensation of the company's named executive officers as described in the proxy statement. Proposal three is a ratification of the appointment of CBIZ CPAs as the company's independent registered public accounting firm for the fiscal year ending March 31st, 2027. If any stockholder would like to submit a question regarding the proposal, please do so through the Ask a Question field on the meeting website. The polls are open. Any stockholder who has not yet voted or wishes to change a previously submitted vote may vote now by clicking the voting button on the meeting website and following the instructions.

Stockholders who have already voted by proxy and do not wish to change their vote do not need to take any further action. It is now 9:07 P.M. Pacific Time on August 20th, 2026. I hereby declare polls closed for the 2026 annual meeting of stockholders. Based on my preliminary tabulation as Inspector of Elections, Vincent J. Canino and John P. Miller have each been elected as Class III directors to serve until the 2029 annual meeting of stockholders, or until their successors have been duly elected and qualified. The preliminary vote report also indicates that the non-binding advisory resolution approving the compensation of the company's named executive officers has been approved.

Finally, the preliminary vote report indicates that the appointment of CBIZ CPAs as the company's independent registered public accounting firm for the fiscal year ending March 31st, 2027 has been ratified. The final voting results will be reported in the current report on Form 8-K to be filed with the Securities and Exchange Commission within four business days after the annual meeting.

Thank you, Alfredo. There being no further business properly before the annual meeting, the 2026 annual meeting of stockholders of Capstone Energy+ is now adjourned. We will now take stockholder questions submitted through the meeting portal that are pertinent to the meeting matters.

Thank you all for participating in today's meeting and your continued support of Capstone Energy+.