PAINCHEK LTD — Capital/Financing Update 2016

Oct 17, 2016

Improving the quality of life for people in pain through novel, cost effective pain assessment tools

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ePAT Technologies Limited ABN 21 146 035 127 Suite 5, 95 Hay Street Subiaco WA 6008 Phone +61 8 9388 8290

UPDATED COMMITMENTS

EPAT Technolgies Ltd (formerly MinQuest Limited)(“ Company ”) confirms that the Public Offer under its Prospectus dated 25 August 2016 closed raising $4,732,500. The Company intends to apply the funds raised from the Public Offer as follows:

Use of Funds	Amount ($)
Expenses of the Offer	$383,950
Research and development	$1,187,000
Sales and marketing	$1,230,550
Intellectual property and regulatory	$260,000
Corporate and administration	$1,391,000
Working capital	$280,000
TOTAL	$4,732,500

PO Box 226, Subiaco WA 6904 | Email: ianhobson@bigpond.com | www.epattechnologies.com