Ann: Entitlement Offer to raise up to $8 million, page-91

Page 16

"To the extent any Applicant will exceed their ability to take up New Shares under the Offers without Shareholder approval for the purposes of Chapter 6 (including pursuant to item 7 section 611 of the Corporations Act), that application will be scaled back.The appointment of Canaccord as Nominee will allow Apolloto increase its shareholding in the Company by virtue of taking up New Shares under the Entitlement Offer pursuant to the exception to the takeover prohibition in section 611 item 10 of the Corporations Act rather than using its “creep” capacity. See section 2.4 for more information regarding Canaccord’s appointment as Nominee pursuant to section 615 of the Corporations Act.. See section 2.4 for more information regarding Canaccord’s appointment as Nominee pursuant to section 615 of the Corporations Act.For further information regarding the effect of the Offers on control of the Company, see section 2.5."