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(b) Komodo Sub-Underwriting
The remaining 2,035,234,408 Shares (to a value of $10,176,172) which make up the Offer are sub-underwritten by Komodo Capital Pty Ltd, a company controlled by Mr Peter Landau, an Executive Director of the Company, (or its nominee) (Komodo).
Komodo is an internationally focused corporate advisory and venture capital firm based in West Perth, Western Australia with offices in London. Komodo focuses on achieving successful outcomes for clients ranging from private start-up ventures to mid-cap listed entities, with a focus on the resource sector. Komodo holds an Australian Financial Services License – No. 344 234.
Komodo is not presently a Shareholder of the Company. The extent to which Shares are issued pursuant to the sub-underwriting will increase Komodo’s (or its nominee’s) voting power in the Company.

The sub-underwriting arrangements between the Company and Komodo constitute giving a financial benefit and Komodo is a related party of the Company by virtue of being controlled by Peter Landau, a Director.

RB