Ann: Suspension from Quotation, page-53

I apologise, you are correct. They might not have been able to extend the Norfolk loan any further. The Bizzel loan is based on a periodic spend and he is unable to draw a lump sum. Looks like the jig is up.

2022 Annual Report

Short term loan facility Norfolk Enchants Pty Ltd, an unrelated third party, has provided a short-term loan to the company. The facility is for up to $2m, has an interest rate of 12% per annum and is repayable on 30 September 2022. The facility is secured by a fixed and floating charge over the assets of the Company. As at 30 June 2022 the facility has been drawn to $2,000,000 with interest accrued of $4,438 charged in the period to 30 June 2022. The loan had an expiry date of 30 September 2022. Subsequent to year end the loan expiry date was extended by one month and is now due for repayment on 31 October 2022.

2023 Annual Report

Norfolk Enchants Pty Ltd, an unrelated third party, has provided a short-term loan to the company. The facility is for up to $6,000,000 (excluding accrued interest), has an interest rate of 20% per annum and is repayable on 30 September 2023. The facility was drawn to $5,750,000 (excluding accrued interest) as at 30 June 2023. During the year interest of $369,671 (2022: $4,438) has been accrued. The facility is secured by a fixed and floating charge over the assets of the Company. Subsequent to year end the loan expiry date was extended and is now due for repayment on 31 October 2024. In the prior year the facility had the following terms and conditions:

• Facility Limit: $2,000,000 (drawn to $2,000,000)

• Interest rate: 12% per annum • Repayable: 30 September 2022.

2024 Annual Report...?