It's just the beginning for Spenda!, page-125

Investor Presentation 31 Jan 2022

Lending International

In December 2021 the Company funded its first global Buy-Now, Pay-Later transaction between Australia and China, delivering on the agreement signed with James Tyler Pty Ltd (“JamesTyler”) and Fresh Supply Co Pty Ltd (“Fresh Supply Co”) in November 2021.

The funding, provided through an extended evidence-based approval matrix, delivers certainty to both the quality of produce, coupled with payment and supply-chain certainty between the Chinese buyers and the Australian producers.

At the end of the quarter, James Tyler has drawn down an initial A$124k from their approved initial A$2m facility, enabling them to fund this first transaction in respect to the export of New South Wales nectarines and Plums, to China.

The success of this initial transaction through the BNPL cross-border network is now expected to be extended to the second phase limit in the March 2022 quarter, to support airfreight sales of produce ahead of Chinese New Year.

Lending Agricultural

During the quarter, the Company signed a binding agreement with Australian Agri Finance(“AAF”) and its parent company In Front Australian Business Solutions Pty Ltd (“In Front”) to deliver farm enhancement lending and input financing.

The In Front group of companies are based in Perth and Adelaide. They specialise in Equipment Finance and Agri financing and have a large portfolio of more than 2,000customers across Australia.

Australian Agri Finance will work with Cirralto to refer pilot farms for the Company’s Carbon offset finance products.

The first three successful referrals have resulted in customer transactions and delivered revenue and cash receipts in the current quarter.