This document outlines the Australian Small Scale Offerings Board (ASSOB) as an alternative for raising capital. ASSOB allows companies to raise up to $5 million without a disclosure document, which can save significant time and costs compared to a public offer. Key benefits of ASSOB include quick access to capital, an established network of professional investors, and the ability to conduct future capital raisings. The document then provides details on Tauro Capital's ASSOB advisory services and credentials in supporting capital raisings.

1. Australian Small Scale Offerings Board Outline of capital raising process 9 Jun 2009

5. Equity raising – compliance regime

7. Current ASSOB clients – a snapshot The graphic below is a screen grab from ASSOB’s primary issue page, which can be seen by all ASSOB members and new interested parties directed to the ASSOB website ASSOB matters are listed on the web, all 7,500 investors on the database can track the status of each capital raising... Competitive tension is generated by conducting the raising in ‘rounds’ at different prices. Shares are issued at a discount in earlier rounds giving early participants a better deal creating an incentive for investors to get on board early The red squares indicate that a parcel of shares has been purchased by an ASSOB investor. Each investment round has it’s own row. Interested investors can move to a dedicated issuer page by clicking here. From that page they can download the offer document.

8. Company profile Investors follow a link from the primary issue page (as shown on the previous slide) and are then taken to a corporate profile page containing a summary of the opportunity, a download icon for the offer document and a short movie introducing the opportunity ASSOB have found from past experience that short mpeg movies that profile the business and the directors result in higher investor uptake of the opportunity The investment fundamentals (exit strategy, estimated future earnings, available investment parcels) are highlighted to giver educated, professional investors access to fundamentals driving their investment decision Investor enquiries are entered here and sent directly to the ASSOB member running the process

9. The ASSOB Secondary Market All ASSOB investors (as well as the original founding shareholders) can offer their shares for sale on a secondary market. This provides investors with an early exit mechanism if they do not wish to wait for a major liquidity event. The ability to trade in and out of shares on a secondary market is extremely attractive to investors in early stage and growing enterprises. Investors in unlisted businesses rarely get this opportunity but the ASSOB platform makes it possible. It is also possible for founding shareholders to release equity through this mechanism (although not during a capital raising) The status of each secondary offer is listed here. It’s interesting to see that nearly all secondary offers listed on the Board have been sold! The ASSOB member (in this case Tauro Capital) is responsible for managing all secondary market transactions.

13. Our firm credentials: a selection of our recent mandates

14. The senior members of your advisory team Simon Ward Managing Director P: +61 3 8602 8888 F: + 61 3 8602 8899 M: +61 422 380 810 E: [email_address] Relevant sector experience Professional credentials Engineering services Bachelor of Commerce (Melb) Project management Masters of Applied Finance (FINSIA) Construction management Fellow of FINSIA Relevant project experience Public and private company divestments and acquisitions Public company acquisition search mandates Public and private company corporate valuations Corporate restructures and employee incentive programs Relevant recent transaction experience Acquisition Industry: Software & services – educational administration software Enterprise value: $15 million Acquisition search Industry: Air conditioning / HVAC Enterprise value: $40 million Equity capital raising Industry: Food & beverages Amount raised: $1.3 million Chris Pattenden Associate P: +61 3 8602 8888 F: + 61 3 8602 8899 M: +61 413 595 749 E: [email_address] Relevant sector experience Professional credentials Engineering services Bachelor of Arts (VUT) Project management Graduate Diploma Applied Finance (KAPLAN University) Construction management Certificate in Applied finance (FINSIA) Certificate in Business (VUT) Relevant project experience Public and private company divestments and acquisitions Public company acquisition search mandates Public and private company corporate valuations Corporate restructures and employee incentive programs Relevant recent transaction experience Acquisition Industry: Software & services – educational administration software Enterprise value: $15 million Acquisition search Industry: Air conditioning / HVAC Enterprise value: $40 million Equity capital raising Industry: Food & beverages Amount raised: $1.3 million

15. Contact us Simon Ward Chris Pattenden Managing Director Associate Tauro Capital Partners Tauro Capital Partners Level 8, 410 Collins Street Level 8, 410 Collins Street Melbourne, VIC 3000 Melbourne, VIC 3000 Ph: (03) 8602 8888 Ph: (03) 8602 8888 Fax: (03) 8602 8899 Fax: (03) 8602 8899 Mobile: 0422 380 810 Mobile: 0413 595 749 Email: [email_address] Email: [email_address] Web: www.taurocapital.com.au Web: www.taurocapital.com.au