Ann: Appendix 3B-KBL.AX, page-10

yes only 2 more of the current crop. People voted to allow them to issue more. So they may not be the last.

Resolution 7
Issue of further Convertible Notes to Investor
The Company has entered into a Convertible Securities Agreement (Facility) with the Investor, for up to a further $3,000,000 in funding over the next 15 months by the issue of up to a further six (6) tranches of unsecured Convertible Notes (each a Convertible Note Tranche). Each Convertible Note will be issued with a face value of $10,000 and the total value per Convertible Note Tranche will be between $150,000 and $500,000 each. These Convertible Notes Tranches are in addition to the Convertible Notes already issued.


They will run out of the ability to issue shares soon. That could be a problem for their cash flow.