Loan to Phar Investments Pty Ltd & Prendo Pty Ltd

Exemption Date – 3 April 1998

ACTUAL INCOME AND ASSET DETAILS TO BE HELD

Asset Value

Effective Date

100%

of the face value of the investment

3 April 1998

Income Value

0%

no actual income is being paid

3 April 1998

Secured by way of first mortgage over a retail complex and high rise development site situated on the corner of Musgrave and Douglas Streets Kirra QLD.