FUNDING STRATEGIES PROPOSAL : simplebooklet.com

CONTENTSINFORMATION MEMORANDUM DISCLAIMER! …………………………..! !!!!!!!!!!!!!!!!! 2"EXECUTIVE SUMMARY ………………………………………………… …..!!!!!!!!!!!!!!!!!!! 3"MESSAGE FROM THE MANAGING DIRECTOR……..…………………….!!!!!!!!!!!!!!!!!! 4"HISTORY AND KEY BUSINESS MILESTONES……………………………!!!!!!!!!!!!!!!!!!! 6"THE PRODUCTS………………………………………………………………!!!!!!!!!!!!!!!!!!! 7"MANAGEMENT TEAM………………..…………..…………………………!!!!!!!!!!!!!!!!!!! 12"USP…………………..……………………………….……………………….!!!!!!!!!!!!!!!!!!! 13"DISCLAIMER"John Davis in the capacity of Managing Director of CADSTEEL PTY LTD ABN 44 340 851 446, MODFLOOR PTY LTD ABN 23 636 778 615 and MMC MODULAR PTY LTD ABN 33 099 042 243 has decided to seek investors for the businesses."This conﬁdential information memorandum (“Memorandum”) has been prepared for a preliminary understanding of the businesses and to assist the recipient of the memorandum (“Recipient”) in making their own independent appraisal before making any investment."The memorandum does not purport to be complete or contain all of the information that a prospective investor may require. No representation or warranty is made (or will be made in any investment agreement) as to the accuracy, reliability, or completeness of any information contained in this memorandum for CADSTEEL PTY LTD, MODFLOOR PTY LTD or MMC MODULAR PTY LTD or the directors or shareholders of CADSTEEL PTY LTD, MODFLOOR PTY LTD and MMC MODULAR PTY LTD"The Recipient agrees by receiving this memorandum that it shall not copy, reproduce, or distribute to others this Memorandum, whether in whole or in part, without the prior written consent of John Davis. !Further, the recipient of this memorandum will keep permanently conﬁdential all information contained herein that is not already public and will use this memorandum only for assessing CADSTEEL PTY LTD, MODFLOOR PTY LTD and MMC MODULAR PTY LTD."On request, the recipient will promptly return all material received including this memorandum, without retaining copies. All projections in this memorandum have been prepared by John Davis, or its accountants for inclusion in this memorandum."Any past or projected proﬁt assumptions are examples only; they do not constitute and should not be regarded as a representation that the project results will actually be achieved or that the underlying assumptions are valid or can be met under new management. The projections are subject to uncertainties and contingencies, all of which are diﬃcult to predict and many of which are beyond the control of CADSTEEL PTY LTD, MODFLOOR PTY LTD and MMC MODULAR PTY LTD."All enquiries in connection with this investment process in general should be directed to JOHN DAVIS at john@cadsteel.com.au or by phone at +61 412 918 297. "! Page 2

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EXECUTIVE SUMMARY GROUP OVERVIEW The group consist of three companies with over 30 years of international construction experience oﬀering a range of products to the construction and housing industry."Cadsteel Pty Ltd manufactures light gauge steel frames, trusses and C-Span steel ﬂoor systems for residential, commercial and modular construction."Modﬂoor Pty Ltd manufactures a revolutionary light gauge steel chassis system for modular housing, a world ﬁrst replacing traditionally manufactured timber and/or structural steel chassis."MMC Modular Pty Ltd manufactures volumetric modular homes from “granny ﬂats” to resort style cabins and staﬀ accommodation."INVESTMENT OPPORTUNITY We are seeking an investment of A$1.5m from an investor(s) to be part of our journey as we embark on a transformative phase of growth.!! The A$1.5 million funding will catalyse our expansion plans and pave the way for product and technology development and market expansion nationally and internationally."The A$1.5m funding we are seeking is to be allocated as follows:"30% Operational Expansion!!! 20% Talent!!! 30% Working Capital!! 20% Technology and patents"PROJECT PROPOSAL Our strategic plan involves:"➡Completion of engineering to include subﬂoor insulation into Modﬂoor chassis eliminate the need of additional subﬂoor insulation and ﬂooring"➡Completion of engineering of Modﬂoor to provide a “no-step” option for NDIS housing and multi-storey light gauge steel structures for modular housing."➡Finalising patents of the Modﬂoor systems"➡Licensing of the Modﬂoor system for use nationally and internationally focusing on the Middle-East, USA and Canada in 2026"➡Enhancing our market presence and liquidity"➡Expansion of products, services and talent"OUR MANAGEMENT TEAM All shares in the companies are held by the Davis family.!! Managing Director John Davis has over 45 years international building experience and 30 years international experience in the manufacture and installation of light weight steel framing, trusses, ﬂoor systems and modular buildings."Managing Director!!!John Davis !!!!!!!!!!!!!!!!!!!!!!!%Company Secretary!!!!!!!!!!!!!Colleen Davis"CEO!!!!!!!!!!!!!!!!!!!!!!!!!Nicolle Ryan!!!!!!!!!!!!!!!!!!!!!% Business Development!!!!!!%Arron Davis"Factory Manager!!!!!%Mark Armstrong !!!!!!!!!!!!!!!%Senior Estimator!!!!!!!!!!!!!!!!%Michelle Hewitt"Senior Designer!!!!!% Lourens Du Plessis!!!!!!!!!!% Corporate Management!!!!!Bradley Summerson"!&Page 3

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MESSAGE FROM THE MANAGING DIRECTOR As the Managing Director of the group companies, I’m excited to be able to oﬀer this opportunity to join with us in expanding our products and services and develop our light gauge steel technology to speed up the construction of both traditional and modular housing and assist in alleviating the housing crisis both in Australia and internationally."Australia has embraced an additional 500,000 new Australians for the last two years – a colossal intake of migration at a time when new housing starts have fallen precipitously. !!State Governments have ‘land banked’ vast areas of developable land and now dominate industrial and housing land sales. Around 40% of the cost of any house relates to fees and government charges.!! "!"One of Australia's most recent construction trends is the preference for modular construction techniques. Oﬀ-site construction methods like modular construction include building prefabricated modules in a factory setting before transporting them to the job site. !!!The cost of fees and government charges for modular housing is considerably below that of on-site builds."!"Prefabricated (Modular) building systems and construction hold a high potential to improve the eﬃciency and performance of the Australian construction industry in a more sustainable sense.! "The market is open to ample opportunities and will experience substantial growth in the coming years."!"The Australia Prefabricated Buildings Market size is estimated at A$16 billion in 2024 and is expected to reach A$19.5 billion by 2029, growing at a CAGR of 4.93% during the forecast period (2024-2029). !"Increasing demand for new homes is driving the market and is primarily driven by the demand for low to mid-rise residential buildings, project homes, and public housing.!! "!"Increasing awareness of the beneﬁts of modular housing, such as speed of construction, reduced material waste and less disruption to the surrounding environment, is increasing the acceptance of modular housing as a viable option. "!"The adoption of prefabricated solutions in Australia has increased signiﬁcantly over the past few years as leading ﬁgures in the Australian industry have recognised the productivity and eﬃciency gains that advanced manufacturing techniques can oﬀer."!"Cadsteel, and in particular Modﬂoor and MMC Modular, are poised to take advantage of this opportunity with world ﬁrst innovative products that speed up construction and reduce both construction time and cost. "! Page 4

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WHY INVEST INNOVATION!!!! -!! Cadsteel has been an early innovator in the manufacture of Light Gauge Steel (LGS) and developed C-Span, a steel ﬂooring system that competes directly with timber and other steel joists by being lighter, stronger and completely eliminates the squeaking ﬂoor syndrome at lower cost. MODFLOOR has been developed as an alternative to heavy steel chassis for modular building to speed up construction and reduce cost while being 100% recyclable.! Development of Modﬂoor continues with innovative light gauge steel technology for “no-step” modular housing for NDIS and land/lease projects, in-chassis sub-ﬂoor insulation, multi-level modular steel framing system and international licensing of the Modﬂoor manufacturing system. "Modﬂoor is unequalled internationally and the only fully engineered and tested system to eliminate the need for expensive welders."PROVEN TRACK RECORD!! -!! Cadsteel has over 30 years’ experience in LGS framing and supplies products to some of Queensland’s largest home builders and modular home manufacturers and is recognised for its quality both in engineering and ease of construction.! "Since the release of Modﬂoor in 2023 the system has found ready acceptance by modular builders around Australia with orders at hand for in excess of 600 chassis plus frame and truss modules.!!!!!!"GROWTH POTENTIAL!! - With the high demand for traditional housing in Australia, Cadsteel is supplying builders in Queensland and northern NSW with LGS frames, trusses and C-Span ﬂoor systems.! Federal and State governments are each undertaking to supply at least 10,000 new homes within the next few years and Modﬂoor is well positioned to supply chassis to modular builders across Australia. With the critical shortage of trades, the manufacture of modular housing will play a major role in delivering the homes.!! The Australian modular home market was estimated at A$16 billion in 2024 and is expected to reach A$19.5 billion by 2029 growing at a rate of 4.93%.! Modﬂoor and MMC Modular are ideally placed to proﬁt from this growth."MULTIPLE REVENUE STREAMS!! -!! The group provides security by oﬀering three separate revenue streams, Cadsteel, Modﬂoor and MMC Modular, all of which support each other but also supply a separate market segment.!!! MMC Modular has introduced a new level of ﬁnancing for modular homes that services both individual purchasers and corporates seeking leaseback accommodation for staﬀ."WORLD-WIDE CONSTRUCTION EXPERIENCE!!! - The group has a 30+ year history of developing innovative building solutions and developing international markets.!! Cadsteel was one of the ﬁrst light gauge steel framing companies in New Zealand and was the ﬁrst light gauge steel manufacturer in the USA where steel frame structures were developed to meet the stringent Miami/Dade Hurricane Code. Key staﬀ have been with us for decades and have been instrumental in our success."Page 5

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!HISTORY AND KEY MILESTONES"CADSTEEL PTY LTD evolved from the Harwood Paciﬁc Group that was establish in Darwin in the wake of Cyclone Tracy in 1975 to assist in the city’s reconstruction.! The company relocated to Brisbane in 1988 and over the next decade established a reputation as a quality builder of family homes and small townhouse projects. In 1991 Delphin Property established Forest Lake as Brisbane’s ﬁrst master planned community and Harwood Paciﬁc developed the ﬁrst townhouse projects and built over 300 homes in the community. "In 1998 Harwood Paciﬁc expanded into New Zealand with oﬃces in Christchurch and Auckland and became the second largest builder of homes behind the Fletcher Group.! "Cadsteel was formed in New Zealand in 1998 to manufacture light gauge steel framing for housing supplying Harwood Paciﬁc and builders in the North Island of New Zealand."In 2001, Cadsteel introduced light gauge steel (LGS) framing to the USA with a plant in Orlando Florida producing LGS for home builders, curtain wall and facade framing for commercial projects and modular toilet blocks.! !!"Development of hurricane resistant housing using steel fame construction expanded the business into the Bahamas and across southern Florida, Georgia and Alabama resulting in Cadsteel being selected by the USA Corp of Engineers as a key supplier to assist in the redevelopment of New Orleans after Hurricane Katrina and a military project at the Marine Base in Barstow California."Capitalising on the hurricane resistant steel framing systems, modular housing manufactured in Orlando Florida was shipped to The Bahamas for projects at New Providence, Grand Bahamas and Eleuthera.!! "In 2011 the Australian and New Zealand Harwood Paciﬁc companies were subject to a management buyout and the US operation sold to a Texas modular manufacturer.!! "Page 6

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In 2021 opportunities for the companies’ technology became obvious so the company was reformed and resumed development of the latest innovative technology to produce lightweight galvanised steel frames and trusses. "Production began in 2021 with a plant established at Stapylton and in November 2022 due to the rapid growth manufacturing was relocated to a larger factory at 10B/84 Christensen South Road oﬀering over double the production space and an additional 300 M2 of oﬃce space. The factory now operates three rollforming machines, spicily conﬁgured crane trucks and trailers and four in-house frame designers."In early 2022 a state-of-the-art rollformer was bought on line to manufacture the C-Span ﬂoor system. The A$1.3m rollformer, the only one in the Southern Hemisphere and one of only ﬁve the world, is capable of manufacturing in excess of 2,200 lineal metres of product per shift.! "Over the next two years the rollformer was reconﬁgured with proprietary tooling to produce Modﬂoor a revolutionary chassis system for modular housing and Modﬂoor is now supplied to modular builders in Queensland, New South Wales and Victoria and is gaining acceptance by modular manufacturers across Australia and internationally."!&Page 7

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OUR PRODUCTS MODFLOOR All modular houses and buildings are manufactured on either a steel or timber chassis designed to enable the ﬁnished building (dwelling) to be transported to site by truck then craned into position.!! "Some buildings comprise multiple modules complexed onsite.! Use of timber for the manufacture of chassis is declining due to movement of the chassis during transport, weight of the ﬁnished product, speed of assembly and the need for qualiﬁed carpenters to manufacture. State Governments are now tending to specify steel as it is not subject to pest infestation, mould or rot."Traditionally, steel chassis have been manufactured from “hot rolled or structural steel”! The components of the chassis are then usually welded together to create a chassis.! This type of chassis usually requires heavy steel “skid beams’ to support and brace the structure and as welding destroys galvanising painting with rust resistant paint is required after assembly."If the welded chassis are manufactured oﬀsite, the manufacturer is then burdened with the cost of freight to the modular factory adding cost and build time. Modﬂoor is delivered “ﬂat packed” ready for assembly substantially reducing freight costs."MODFLOOR completely eliminates heavy cold rolled steel beams, is cheaper, lighter, stronger, does not require any measuring, cutting or welding and oﬀers Australia’s only corrosion warranty for modular steel ﬂoor systems."Modﬂoor can be designed to suit virtually any type of foundation system with lengths only limited by transport restrictions and 5.3 metre widths are available.! "Components are manufactured to exact lengths in the factory eliminating waste in the factory and at the point of assembly and is 100% recyclable.!! "Pre-punched service holes allow builders to install plumbing, electrical services even air conditioning ducts in the ﬂoor during manufacture rather than onsite.!! "Page 8

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!Movement in a modular building chassis (deﬂection) during transport from the factory to site results in damage to internal linings such as plasterboard, tiling and trim components.! "To mitigate this damage, modular manufacturers often clad the exterior or interior of a building in plywood as bracing to limit the deﬂection.! Apart from the additional construction cost and time in the factory, this is not always successful with many manufacturers having to conduct repairs onsite after installation."!"Modﬂoor technology has undergone independent testing for strength and rigidity conﬁrming that the Modﬂoor chassis has by far the lowest deﬂection rates in the industry.! Modﬂoor customers have eliminated additional plywood bracing substantially reducing construction time and cost."!"Independent testing of Modﬂoor involved loading a 12metre x 4.5metre chassis with 15.55 tonne of concrete and suspending the chassis to test the deﬂection at various points.! A modular building of this size would normally weigh between 7 and 9 tonne. The highest deﬂection rates recorded was 4.1mm with most between 0.15mm 2.00mm.!!!!!! Deﬂection rates between 16mm and 20mm are normally accepted within the industry.! "!"Maximum deﬂection of the Modﬂoor chassis under a 200% load factor was 4.1mm. !"LINK TO THE INDEPENDENT TEST REPORT!!!!!!!!!"Page 9

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SPEED OF ASSEMBLY Speed of assembly is proving to be a key motivator for manufacturers looking to speed up production and meet demand.!!!! Welded chassis demand qualiﬁed trades and can take up to two days to manufacture. Follow the link below to a video of a 12 metre x 4.5 metre chassis being assembled in under two hours by three unskilled workers with no previous experience."!"! LINK TO THE ASSEMBLY VIDEO"!"MODFLOOR -V- TRADITIONAL STEEL CHASSIS"WELDED STEEL CHASSISMODFLOORASSEMBLY PROCESSChassis assembly requires experienced and high-cost welders.!!Components need to be measured, cut and welded often in combination with multiple brackets.!!Location of each joist to be measured then the joists welded to a perimeter beam.No measuring or cutting required and can be assembled with minimal tools by unskilled labour with no welding required.!!!Joists connect to bearers into pre-punched tabs that positively locate the joists and eliminates measuring, cutting and brackets.FAST ASSEMBLYBeams need fabrication, steel cut to length, brackets attached then welders required!to manufacture in at least one dayA typical 12 meter x 4.5 metre chassis can be assembled in well under three hours by unskilled labour. !No welders required.STRENGTHChassis strength relates to the deﬂection of the chassis during transport.!!Typical deﬂection rates are 15mm to 20mmIndependent testing conﬁrms nominal deﬂection at a maximum of 4.1mm minimising internal repairs after deliveryWEIGHTChassis are heavy with some individual components requiring forklifts or overhead cranes to move around the factory ﬂoor.Finished chassis are generally 40% to 50% lighter.!! !Typical 12m x 4m chassis weighs 1350kg, a welded chassis 2700kg and is 1/10 the weight of a concrete chassis!CORROSION PROTECTIONManufactured from standard!galvanised steel which needs repainting where welding has destroyed the galvanising. No!corrosion warranties.Manufactured from ZinMag ZM310 steel with 7-10 times more corrosion protection than galvanised steel. !Up to 50-year corrosion warranties with 30 year warranty close to the oceanWET AREA STEP DOWNSIncluding wet area step-downs is complex and difﬁcult to achieve due to the supporting structureCan be set from 0mm to 50mm and bevelled to provide ﬂow to drains. ! Choice of joist direction with service holes for wasteREUSABLE LIFTING BRACKETSSingle use lifting brackets welded into the chassis adding complexity, cost and sacriﬁce strengthReusable lifting brackets combine transport tie-downs reducing cost and manufacturing time.FREIGHTOutsourced pre-built chassis incur heavy freight costs often due to wide load restrictions and escort costsNo special transport requirements as Modﬂoor is shipped nationally, ﬂat packed and ready for assembly.SERVICE HOLESNot possible with traditional chassisPre-punched service holes allow installation of plumbing, electrical services even air conditioning ducts in the ﬂoor system during manufacture.WASTEFactory waste steel requires disposalZero factory and on-site wastePage 10

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ZINMAG ZM310 The steel used in the manufacture of Modﬂoor is ZINMAG ZM310 manufactured to AS1397:2011.! "During manufacture at the steel mill, in addition to the normal galvanising the steel is coated with a zinc-aluminium-magnesium alloy that is highly resistant to corrosion.! The alloys have been developed to provide a breakthrough solution in surface corrosion and cut edge protection suitable for aggressive environments.! ZINMAG ZM310 steel is exclusive to Modﬂoor."!"HOW IT WORKS The magnesium in the zinc-aluminium system accelerates the formation of a highly resistant crystalline ﬁlm which is extremely stable protecting against corrosion.!! With the addition of magnesium to aluminium, ZinMag ZM310 stabilises the self-sacriﬁcial corrosion of zinc on the coated surface, on scratches or cut edges that can occur during manufacturing or installation."!"THE BENEFITS The magnesium changes the corrosion mechanics oﬀering improved cut edge corrosion performance with signiﬁcantly improved corrosion resistance in harsh environments, including chemical and marine environments. "SALT SPRAY TESTING ZINMAG ZM 310 has been independently tested in Australia under ASTM B117-19 and found to be totally rust, corrosion and delamination free after 2,000 hours of testing.! "!"General rules can be applied to estimate the equivalence between salt spray test hours and real-life exposure suggesting that 24 hours of salt spray testing can be roughly equivalent to one year of exposure in a marine environment.! On this basis 2,000 hours of successful testing relates to more than 50 years of strong corrosion resistance. "The salt spray test under ASTM B117-19 is a standardised method that involves exposing samples to a controlled saline environment, simulating the eﬀects of long-term exposure to harsh, corrosive conditions and is an accelerated corrosion test designed to speed up the corrosion process, providing quick results that can be used to predict long-term performance."!The samples are placed in a chamber where they are continually exposed to a ﬁne mist of saltwater solution, typically consisting of 5% sodium chloride. The chamber is maintained at a constant temperature, usually around 35°C (95°F)."!"LINK TO THE INDEPENDENT SALT SPRAY TEST REPORT'Page 12

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PRODUCTION CAPACITY The Modﬂoor rollformer has the capacity to manufacture 2,200 lineal metres of components per shift with just three operators.! At an average weight of 6kg per metre, this equates to around 13 metric tonnes per shift.! With a 12m x 4.5m Modﬂoor chassis weighing approximately 1,300 kg, production capacity is about 5 Modﬂoor chassis per shift or 25 per week on a single shift basis."!"FUTURE DEVELOPMENT Improvements to the Modﬂoor system are undergoing signiﬁcant development, ﬁnal engineering and! ‘live testing” before being released to market at Oﬀsite 2025 being held at Royal Pines Resort in August 2025."!"THE “NO-STEP” OPTION."This innovation will enable modular builders to:"➡Eliminate ramps for modular NDIS and accessible housing."➡Provide land/lease developers with an option that allows homes to be relocated without damage and comply with national legislation.!! Current systems comply with legislation in theory but in practice do allow for homes to be relocated without signiﬁcant cost."➡Deliver modular housing that eliminates the need for above ground stumps giving modular housing the external appearance that matches that of traditionally built homes."!"SUB-FLOOR INSULATION"➡Sub-ﬂoor insulation is now an NCC requirement with current sub-ﬂoor insulation options primarily spray-foam or “drop-in” panel systems."➡Modﬂoor insulated chassis includes the ﬂooring material and insulation within the ﬂoor chassis"➡The insulated chassis oﬀers high R ratings, is non-permeable, ﬁre and sound rated and is 100% recyclable."➡The chassis will not create condensation and reduces energy consumption within the home oﬀering savings to the end consumer and oﬀers a 50 year warranty."Page 13

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!"MULTI-LEVEL MODULAR STEEL FRAME"Modular housing is now identiﬁed by governments world-wide as a viable solution to providing aﬀordable housing within the shortest possible time frame."!"The only practical options currently available for multi-level modular housing are manufactured from timber or structural steel systems which are heavy, slow to build and expensive."!"Modﬂoor combined with a specially engineered Cadsteel frame and truss system is the only LGS system available world-wide that oﬀers 90mm light gauge steel construction for modular housing up to 3 levels which is light weight, fast to build and very cost eﬀective."!"MODULAR GARAGE"Where a garage is required, modular builders currently have no alternative other than to resort to a concrete slab and traditional build systems to add a garage to a modular home.! Modﬂoor has developed an option for modular builders to manufacture a “modular garage” that can be built in a factory eliminating the need for a concrete slab.!! A highly attractive option for modular builders supplying homes to remote regions where concrete is too expensive or simply not available."!INTERNATIONAL LICENCING"The! growth of modular housing world-wide is creating international interest in Modﬂoor with enquiries from the Middle East, USA, UK, Europe, Africa and South America.!! In the USA, over 275 modular manufacturers are expected to produce in excess of 20,000 modular homes, cabins and Accessory Dwelling Units (ADU’s) in 2025 with annual growth expected to exceed 8%.!!!! "This level of demand and growth is matched in the Middle East, Canada, Europe and the UK."!"Page 14

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Without exception, modular chassis world-wide are built using heavy structural steel or timber components, slowing down production and increasing cost.!! The high cost and shortage of qualiﬁed welders is a major factor in the high cost and production time.! As Modﬂoor assembly does not require qualiﬁed trades and a typical chassis can be assembled in hours rather than days makes Modﬂoor a highly attractive proposition for volume manufacturers and independent chassis suppliers."!"Modﬂoor is being developed for international expansion by the issue of licences which will provide licensees with:"➡An Australian developed rollformer to manufacture the Modﬂoor and C-Span systems"➡An on-line design service to convert building plans to ﬁles that are machine ready for manufacture and able to be stored in the Cloud or transmitted directly to the licensees’ rollformer for manufacture."➡Supply of components necessary for the assembly of Modﬂoor and C-Span"➡Supply ZinMag ZM 310 steel with its associated warranties"!"Modﬂoor has formalised an agreement with Framecad to embark on an intense digital marketing campaign to modular builders in the Middle East, USA and Canada in late 2025 for launch in 2026.!! Extensive research conducted in conjunction with Framecad indicates sale of 10 manufacturing licences over the next four years to 2029."Seven revenue streams ﬂow from manufacturing licenses:"Rollformer manufacture!!!!!!!!!!!!!! US$30,000!!!!!!!!! Framecad rollformer components imported from New Zealand combined with locally manufactured tooling for manufacture of the Modﬂoor rollformer for export.! Manufacture in Australia beneﬁts from free trade agreements."Once only licence fees!% % US$250,000"Sale of Machinery Margin!!!!!!!!!!!! US$100,000"Design and engineering fees!!!!! % US$350 per design with unlimited use of the design"Sale of Components!!!!!!!!!!!!!!!!!!!% US$800 to US$900 per chassis with 40% average margin"Toll Roll!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!% US$0.60 per foot of steel rolled"Steel Supply!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!5% commission on steel purchased. "% % % % % Current price per ton is US$1,350. Say US$75.00 per chassis."NEXA SOFTWARE"The NEXA system provides a direct link via the Cloud to the Modﬂoor oﬃce in Australia.!! Through NEXA, Modﬂoor can track the size, type and volume of material processed through the rollformer and allows control of the rollformer remotely in the event of a breach of licence conditions with an audit trail for components used in production and order system."Page 15

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!"!"TOLL ROLL ESTIMATES"A “toll roll” is an industry accepted standard for billing of rollformer production billed on the amount of steel passed through the rollformer.! The projected revenue table below is based on production of only one small chassis per day per licensor.! The Modﬂoor rollformer can produce in excess of 2,200 (7,500 feet) metres of Modﬂoor beams per shift.! !!The following table is based on production of only 1 chassis per day.!! Any manufacturing licence purchaser would need to manufacture at least 2 per day to service building requirements."!"LICENCE FEE INCLUDING MACHINERYUS$1,350,000LICENCE FEEUS$250,000YEARNEW LICENCESMACHINERY SALE MARGINLICENCE FEEESTIMATED LICENCE FEE REVENUETOTAL LICENCE REVENUE20261US$100,000US$250,000US$350,000US$1,350,00020273US$300,000US$750,000US$1,050,000US$4,050,00020283US$300,000US$750,000US$1,050,000US$4,050,00020293US$300,000US$750,000US$1,050,000US$4,050,000TOTALS10US$1,000,000US$2,500,000US$3,500,000US$13,500,000CHASSIS PER DAY1TOLL ROLL RATEUS$0.60YEARTOTAL LICENCESUNITS PER DAYFEET PER CHASSISTOLL ROLL RATEREVENUE PER CHASSISDAYS PER YEARCHASSIS PER YEARESTIMATED TOLL ROLL REVENUE202511550US$0.60US$330.00220220US72,600202641550US$0.60US$330.00220880US$1,161,600202771550US$0.60US$330.002201540US$3,557,4002028101550US$0.60US$330.002202200US$7,260,000Page 16

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CADSTEEL FRAMES AND TRUSSES"Since the 1990’s Cadsteel has been operating steel framing factories in New Zealand, the USA and now Australia.! "Fully Australian owned, Cadsteel uses the latest innovative technology and machinery to produce lightweight galvanised steel frames, trusses and ﬂooring systems."!"Cadsteel’s products are non-combustible, can withstand ﬁres, hurricanes, are termite, mould, rot-proof can be designed and built to C4 Cyclone standard, and steel is the most recycled material on Earth. Cadsteel frames and trusses substantially speed up construction time and reduces the need for experienced carpenters and on-site cranage. "!"Cold formed steel members are fabricated to exact standards and are accurate to within 1.6 mm, allowing even complicated designs to be constructed more easily and with less waste than with traditional materials. !!"Walls comprise substantial internal bracing keeping walls straight and true eliminating the need for packing and straightening prior to installation of internal cladding.!"Cadsteel rollformers manufacture 70mm and 90mm sections with steel thickness from .75mm to 1.2 mm.! Frames and trusses carry a 50 year warranty against corrosion and a 20 year structural guarantee."!"Our commitment to excellence and client satisfaction has positioned us as a leader and innovator in the steel framing industry"!"Page 17

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C-SPAN C-SPAN is a light-weight ﬂooring system designed to replace web or timber joists. Manufactured utilising our! “state of the art” rollformer, the system comprises both joists and perimeter frame with the joists sitting at the same level as the perimeter, achieving a full load transfer for multi-level dwellings providing strength and reliability. "!"Joists are pre-punched with service holes to provide space for electrical, plumbing and air-conditioning services within the joist. !!!!"C-Span comprises a joist and perimeter section that incorporates a tab to which the joists are fastened through pre-punched holes and suitable as a sub-ﬂoor system for sloping sites, mid-ﬂoors in multi-level houses, large townhouse and commercial projects.!!! "!"Floor materials are screwed with specialised wing-tek screws and glued to the joist and as there are no component parts within the joist, this virtually eliminates squeaks."C-Span trucks are ﬁtted with HIAB cranes with substantial reach so that product can be delivered to site, usually without the additional cost of crane hire. "➡C-Span does not need blocking between joists.!"➡Fast assembly time. Carpenters can immediately start the assembly of the next level."➡C-Span is light weight - easy to man-handle into position.!"➡C-Span can often be used to reduce or replace structural steel"➡C-Span oﬀers easy connection details including the unique tab connections and brackets."➡C-Span oﬀers the option to assemble a ﬂoor cassette on the ground prior to lifting onto site reducing crane time"Page 18

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MMC MODULAR MMC Modular is a recent addition to the group and manufactures modular dwellings ranging from granny ﬂats to full size homes and is capable of building to NDIS requirements as required. !!!!International experience gained in cyclonic and hurricane zones has led MMC Modular to incorporate building products that are highly resistant moisture, mould and corrosion.! "!"The range includes modular cabins from 25 square metres to 60 square metres for uses as granny ﬂats, backyard studios and oﬃces, tiny homes, Airbnb’s and short and long term staﬀ accommodation."!"LOW MAINTENANCE CONSTRUCTION"๏All modules are built to the National Construction Code A1, the same level as required for on-site construction and are certiﬁed Energy Eﬃcient."๏External claddings in Unicote Steel and a range of highly durable composite claddings that do not require painting with contemporary or “weatherboard” style ﬁnishes."๏Internal wall options include low maintenance composite panels that never need painting."๏Composite soft tread, timber look ﬂooring are standard with carpet and tiles as an option."๏Sub-ﬂoor insulation, compliant with AS/NZS 4859 is integrated into the chassis and is!resistant to ﬁre, water, impact, sound, termites, mould, bacteria, is virtually carbon neutral and meets three times the requirement level BAL FZ under bushﬁre code AS 1530.8.2.!"๏Chassis are manufactured from Modﬂoor’s ZinMag ZM310 steel with 7-10 times the corrosion resistance of regular galvanised steel oﬀering up to 50 year corrosion warranties. "๏Steel framing is manufactured from .95 mm thick G550 steel with a 50 Year structural warranty. "Page 19

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!MODULAR HOUSING LEASEBACK PROGRAM With the acute shortage of aﬀordable housing across Australia and the lack of funding from both State and Federal Governments has created opportunities for private industry to satisfy the demand and modular housing is recognised as a means to deliver homes faster."Together with private ﬁnanciers a program has been developed to supply large numbers of modular houses at nominal cost to government or corporates needing staﬀ housing."PROGRAM OVERVIEW"➡A number of Government and non-government organisations seeking long term accommodation solutions in many regions throughout Queensland have been identiﬁed. "➡Investment capital is available to purchase modular housing where corporates or Government lease the housing from the ﬁnancier/investor for a period of not less than 8 years, preferably 10, with security provisions at market rentals. "➡Corporate investors are willing to provide capital on developments of 5 or more accommodation units including development of suitable land if required. "➡Non-bank lenders are willing to ﬁnance individual clients where corporate or government leases are in place."➡The housing is then sublet to employees at market rates, partially subsidised by lessee if required."➡Land is available for these developments with potential sites in Warwick, Longreach, Gladstone, Emerald, Bowen and Mackay identiﬁed to date."➡Stock will be new built modular units with 1, 2 and 3 bedroom plans available."➡Modules can be provided as stand-alone dwellings, duplexes and multi-storey up to 3 levels."➡Stock will be built in Queensland by Queensland owned businesses."➡Subject to land and local council requirements, modular units could be onsite ready for occupation within 6 months."➡Housing modules could be converted to Social Housing or normal rental market if no longer required."➡Nominal ﬁnancial input required by the lessee other than to enter into the lease agreement."!"Management is working with corporates in regions experiencing high demand for staﬀ housing such as the Whitsunday region (2,000 shortfall) and the Southern Downs region (400 shortfall) and meetings are scheduled with Queensland Government Ministers in May to progress the program."MMC will not have the capacity to deliver the volume of housing required so are working with modular housing manufacturers in South East Queensland to supply product on the basis that the builder utilises Cadsteel and Modﬂoor products in their production."Page 20

FUNDING STRATEGIES PROPOSAL

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