From: [email protected] Sent: Wednesday, December 16, 2015...

From: [email protected]
Sent: Wednesday, December 16, 2015 10:30 AM
To: Vicky Allinson   Subject: Fw: PIF Email, further details

My apologies Ms Allinson for troubling you again.

In my exhausted state, I forgot to add a specific list of causes
which triggered our grave concerns.
Please forward to Mr Woollard ASAP so they can be included in the considerations
requested in an earlier E-mail. I trust this is acceptable.
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To Mr Woollard and the Board, re: Causes for PIF concern:

1. ARL board intends to list this company on ASX.
Board has stated that it may cost some $20 mil.
Bentley’s Settlement squeezed out some $10 mil.
Apart from setting-up costs there are maintenance costs.
It is apparent that you do not have enough funds.

2.During WIND-UP, is this shortfall meant to be topped-up by unit-holders
in present and/or future company structure?

3. Is your statement in an update of 10 November 2015:

[ Winding Up
Subject to the new constitution and the rights and liabilities attaching to Shares, Shareholders
will be entitled in a winding up to any surplus assets of the Company in proportion to the
number of Shares held by them, less any amounts which remain unpaid on the Shares at the
time of distribution. However, if this deduction results in the distribution to the Shareholder
being a negative amount, the Shareholder must contribute that amount to the Company ]
http://n.b5z.net/i/u/10179838/f/Draft_constitution_significant_aspects.pdf

contains obviously potential share inequalities following
from “share consolidation” should it be RAMMED THROUGH?
http://n.b5z.net/i/u/10179838/f/2015_12_09_Share_Consolidation.pdf

I can assure you Mr Woollard of PIF members’ uniform desire to WIND-UP the company
right at this moment/the nearest to it; and ARL Board putting the FREEZE on all remaining PIF funds.
We do not want to see ARL listed on ASX, expanded via new additions, and other corporate manipulations
producing further bleeding of our funds by extracting the fees, charges and the like.
We want realisation at the earliest date possible and we need your WILL & CONVICTION
that this direction is in the BEST INTERESTS of PIF unit holders.

Respectfully,
Simon Grundel
I40086213232