Ann: Response to Appendix 5B Query, page-9

And if MT was willing to reduce his salary to $200kpa (in line with the size and predicament of APG), at least funds raised can be used to even pay for a consultant to have a look at it. Each quarter $100k of the funds raised is being paid to MT (approx 40-50% of the shareholders are stumping up each qtr). This is just not right, and is a reflection of MT simply putting himself first. Why not reduce salary to $200k, and give him 3 year 10m options with a strike price set at 10c?

Nicholas Moore, CEO of Macquarie Bank is paid the same amount from memory. His additional remuneration is based upon performance KPIs. That's the incentive to drive the company higher.