Ann: Update of Wailoaloa Developments, page-21

the company provided explicit guidance of profits up to $8M

even, the annual report targets AUD$19M gross profit for 100% of the project or for 49% share $9.3M gross profit

Mr. Baghdadi will be paid an amount equivalent to 3% of the gross sales of the project subject to the gross sales being more than F$65,000,000 and that the gross profit from the project be at least F$30,000,000 [AUS$19,000,000]. The project must be finalised by 30 June 2018 for Mr. Baghdadi to receive the bonus.