Owner Helmsman Funds Management Limited ACN: 100489763

Service MINTER ELLISON Attention Lynne Peach GPO Box 521 SYDNEY NSW 2001 AUSTRALIA

Class 36 Financial affairs and monetary affairs services relating to the establishment of a funds management business including unit trusts and pooled development funds; investment in primarily distressed assets; investment evaluation involving screening all potential investments, undertaking initial and detailed due diligence on potential investments particularly fundamental security analysis, making an informed estimate of the time horizon for the investment as well as assessment of risks associated with the valuation and timing of realisation and preparation of investment proposal; investment management including review of investee's performance, consulting with investee management in relation to operational, structural and financial issues, liaising with other investors and stakeholders to determine the best way to maximise the value of the investment and enforcement and renegotiation of rights in relation to investments requiring restructuring; investment realisation involving identification and assessment of a range of exit strategies available to realise the investment and implementation of exit strategy