Selat not released back to SGE yetOn October 21, 2021, SGE advised Sonoro, via Asiavest Trust, Sonoro’s Trustee representative company in Singapore, that Sonoro was in default of the Convertible Debenture and Loan for approximately $1.6 million and $300,000 respectively (the “Loan Agreements”) and that SGE requests release of Sonoro’s 25% interest in the PSC to SGE. At this time Sonoro objected to such release due to inactivity by the Operator on the project. To date, there has been no release signed and a release agreement continues to be documented.