Ann: Hadrian X achieves lay speed of over 300 blocks per hour, page-5

for resolution 6, half the Loan is repayable 3 years after the date of issue of the 25,000,000 Long Term Loan Funded Shares. These 25,000,000 Shares cannot be sold prior to this date, and furthermore cannot provide any net benefit to Mr Michael Pivac until after the achievement of a performance hurdle of a 3,000 Standard Brick Equivalents (SBEs) per hour lay rate for the HadrianX® for one hour of operating time. If the performance Hurdle is not achieved within 3 years then the Long Term Loan Funded Shares will be sold on market on the ASX market by Mr Michael Pivac and 100% of the proceeds will be given to the Company to repay half the Loan. Under this circumstance no proceeds whatsoever of share disposal will flow to Mr Michael Pivac;