Under the new facility, SkyNetGlobal will repay the A$850,000...

Under the new facility, SkyNetGlobal will repay the A$850,000 loan through the issuance of A$25,000
in shares every two weeks between 5 May 2005 and 17 August 2006. The shares will be priced at a
6% discount to the lowest ASX closing price in the 5 trading days prior to the payment settlement day.
The loan includes an interest rate of 12% per annum. Until the loan principal is fully repaid,
SkyNetGlobal will not draw down additional capital from its existing Cornell credit facility.