Ann: Issue of Shares in lieu of Net Salary, page-203

From Annual Report

10. RELATED PARTIES

The following entities have been determined to be related party entities:

Entity	Director/Key Management Personnel
Anthem Software Pty Ltd	Anthem Software Pty Ltd (“Anthem”) is a related party entity in which Mr Adrian Floate has a beneficial interest.
Appstablishment Pty Ltd	Appstablishment Pty Ltd (“Appstablishment”) is a related party entity. Mr Adrian Floate is a shareholder through his interests in Appstablishment Software Group.
Appstablishment Software Group Pty Ltd	Appstablishment Software Group Pty Ltd (“ASG”) is a related party entity. Mr Adrian Floate is a shareholder through his interests in Rare Air Nominees Pty Ltd.
FAAF Pty Ltd ATF Floating Assets Trust	Floating Assets Trust is a related party entity in which Mr Adrian Floate has a beneficial interest.
FAAF Super Fund	Floating Assets super fund is a related party entity in which Mr Adrian Floate has a beneficial interest.
Rare Air Nominees Pty Ltd	Rare Air Nominees Pty Ltd (“Rare Air”) is a related party entity. Mr Adrian Floate is a director of both Spenda Limited and Rare Air.
Nion Business Consulting Pty Ltd	Nion Business Consulting Pty Ltd (“Nion”) is a related party entity. Mr Richard Jarvis is a key management personnel of the Company and a director of Nion.
Tikitbook AU Pty Ltd	Tikitbook AU Pty Ltd (“Tikitbook) is a related party entity. Mr Adrian Floate is a shareholder and was previously a director of Tikitbook.
Humedale Pty Ltd	Humedale Pty Ltd is a related party entity. Mr Stephen Dale is a director of both Spenda Limited and Humedale Pty Ltd.

SPX to date :

Contributed Equity $160m

Accumulated losses $86m