QORIA LIMITED — Capital/Financing Update 2017

Dec 13, 2017

==> picture [81 x 50] intentionally omitted <==

ASX Announcement

Thursday 14 December 2017

Issue of Placement Shares

Family Zone Cyber Safety Ltd (ASX: FZO, Family Zone or the Company ) is pleased to advise, further to its announcement on 6 December 2017 that it had raised $5.0 million pursuant to a share placement of at $0.60 per share, that an additional $20,000 was accepted under the Placement and it has issued 8,366,668 Placement Shares to sophisticated and professional investors raising a total of $5,020,000 ( Placement ).

The Placement Shares are being issued under the Company’s ASX Listing Rule 7.1A capacity as outlined in the attached Appendix 3B.

Disclosure required under ASX Listing Rules 7.1A.4(b) and 3.10.5A

The Shares issued under the Placement were issued pursuant to the Company’s 10% placement capacity under ASX Listing Rule 7.1A. As such, the Company provides the below information under ASX Listing Rule 7.1A.4(b) and 3.10.5A in respect of the Shares issued under ASX Listing Rule 7.1A.

• a) The Company issued 8,366,668 Shares at $0.60 per Share under ASX Listing Rule 7.1A which resulted in the following dilution to existing Shareholders:

resulted in the following dilution to existing Shareholders:
Number of Shares on issue prior to the Placement	113,033,730
Shares issued under ASX Listing Rule 7.1A	8,366,668
Percentage of dilution of existing Shareholders as a result of the
Placement Shares issued under ASX Listing Rule 7.1A	7.4%

• b) The Company issued the Shares as a Placement to sophisticated and professional investors under ASX Listing Rule 7.1A as it was of the view that it was the most efficient and expedient mechanism to raise the funds required to achieve its stated objectives.

• c) The Company confirms that there was no underwriter in respect to the Placement.

• d) The lead manager to the Placement was BW Equities. The fee payable to BW Equities in respect to the Placement includes a 2% cash management fee on all funds raised and 4% cash fee on funds raised by BW Equities under the Placement.

Subject to Shareholder approval at a general meeting, BW Equities will also be issued 516,750 Broker Options ($0.75, 3 years) and 516,750 Broker Options ($0.90, 3 years) for capital raising services in respect of the Placement.

==> picture [81 x 50] intentionally omitted <==

NOTICE UNDER SECTION 708A(5)(e) OF THE CORPORATIONS ACT 2001

This notice is given by Family Zone Cyber Safety Limited (ASX: FZO) ( Family Zone or the Company ) in relation to an issue of 8,366,668 Shares under a Placement to sophisticated and professional investors without disclosure to investors under Part 6D/2 of the Corporations Act 2001 (Cth) ( Act ).

The Company hereby notifies ASX under section 708A(5)(e) of the Act that:

• a) the Shares were issued without disclosure to investors under Part 6D.2 of the Act;

• b) the Company is providing this notice under paragraph (5)(e) of section 708A of the Act;

• c) as at the date of this notice, the Company has complied with the provisions of Chapter 2M of the Act as they apply to the Company;

• d) as at the date of this notice, the Company has complied with section 674 of the Act; and

• e) as at the date of this notice, there is no information:

• i) that has been excluded from a continuous disclosure notice in accordance with the ASX Listing Rules; and

• ii) that investors and their professional advisers would reasonably require for the purpose of making an informed assessment of:

  • A) the assets and liabilities, financial position and performance, profits and losses and prospects of the Company; or

  • B) the rights and liabilities attaching to the shares.

About Family Zone

Family Zone is an ASX listed technology company focused on cyber safety. Meeting a growing demand to keep kids safe online and manage digital lifestyles, Family Zone has developed unique and innovative cloud-based solutions which combines Australian innovation with leading global technology.

To learn more about the Family Zone platform and the Company, please visit www.familyzone.com.

For more information, please contact:

Tim Levy Tim Allerton Tim Dohrmann Managing Director City Public Relations Investor Relations timl@familyzone.com media@familyzone.com tim@nwrcommunications.com.au +61 413 563 333 +61 412 715 707 +61 468 420 846

Rule 2.7, 3.10.3, 3.10.4, 3.10.5

Appendix 3B

New issue announcement, application for quotation of additional securities and agreement

Information or documents not available now must be given to ASX as soon as available. Information and documents given to ASX become ASX’s property and may be made public.

Introduced 01/07/96 Origin: Appendix 5 Amended 01/07/98, 01/09/99, 01/07/00, 30/09/01, 11/03/02, 01/01/03, 24/10/05, 01/08/12, 04/03/13

Name of entity

Family Zone Cyber Safety Limited

ABN

33 167 509 177

We (the entity) give ASX the following information.

Part 1 - All issues

You must complete the relevant sections (attach sheets if there is not enough space).

1 +Class of+securities issued or to be issued 2 Number of+securities issued or to be issued (if known) or maximum number which may be issued 3 Principal terms of the+securities (e.g. if options, exercise price and expiry date; if partly paid +securities, the amount outstanding and due dates for payment; if +convertible securities, the conversion price and dates for conversion)	Shares
	8,366,668 Shares
	Fully paid ordinary shares

• See chapter 19 for defined terms.

Appendix 3B Page 1

04/03/2013

4 Do the+securities rank equally in all respects from the+issue date with an existing+class of quoted+securities? If the additional+securities do not rank equally, please state: • the date from which they do • the extent to which they participate for the next dividend, (in the case of a trust, distribution) or interest payment • the extent to which they do not rank equally, other than in relation to the next dividend, distribution or interest payment 5 Issue price or consideration 6 Purpose of the issue (If issued as consideration for the acquisition of assets, clearly identify those assets) 6a Is the entity an+eligible entity that has obtained security holder approval under rule 7.1A? If Yes, complete sections 6b – 6h in relation to the+securities the subject of this Appendix 3B, and comply with section 6i 6b The date the security holder resolution under rule 7.1A was passed 6c Number of+securities issued without security holder approval under rule 7.1 6d Number of+securities issued with security holder approval under rule 7.1A	Yes
	$0.60 per Share
	Shares issued pursuant to a Placement to sophisticated and institutional investors.
	Yes
	28 November 2017
	Nil
	8,366,668 Shares

6e Number of +securities issued with security holder approval under rule 7.3, or another specific security holder approval (specify date of meeting) Nil 6f Number of +securities issued under an exception in rule 7.2 Nil 6g If+securities issued under rule 7.1A, was issue price at least 75% of 15 day VWAP as calculated under rule 7.1A.3? Include the+issue date and both values. Include the source of the VWAP calculation. Yes Placement issue price agreed: 4 Dec 2017 Share issue date: 14 Dec 2017 15 Day VWAP: $0.661 (Bloomberg) 75% VWAP: $0.496 6h If+securities were issued under rule 7.1A for non-cash consideration, state date on which valuation of consideration was released to ASX Market Announcements N/A 6i Calculate the entity’s remaining issue capacity under rule 7.1 and rule 7.1A – complete Annexure 1 and release to ASX Market Announcements Refer to Annexure 1 7 +Issue dates Note: The issue date may be prescribed by ASX (refer to the definition of issue date in rule 19.12). For example, the issue date for a pro rata entitlement issue must comply with the applicable timetable in Appendix 7A.Cross reference: item 33 of Appendix 3B. 14 December 2017 Number +Class 8 Number and+class of all +securities quoted on ASX (_including_the+securities in section 2 if applicable) 101,101,761 Ordinary fully paid shares (Shares) Number +Class 9 Number and+class of all +securities not Fully paid ordinary shares (Shares)	6e Number of +securities issued with security holder approval under rule 7.3, or another specific security holder approval (specify date of meeting) Nil 6f Number of +securities issued under an exception in rule 7.2 Nil 6g If+securities issued under rule 7.1A, was issue price at least 75% of 15 day VWAP as calculated under rule 7.1A.3? Include the+issue date and both values. Include the source of the VWAP calculation. Yes Placement issue price agreed: 4 Dec 2017 Share issue date: 14 Dec 2017 15 Day VWAP: $0.661 (Bloomberg) 75% VWAP: $0.496 6h If+securities were issued under rule 7.1A for non-cash consideration, state date on which valuation of consideration was released to ASX Market Announcements N/A 6i Calculate the entity’s remaining issue capacity under rule 7.1 and rule 7.1A – complete Annexure 1 and release to ASX Market Announcements Refer to Annexure 1 7 +Issue dates Note: The issue date may be prescribed by ASX (refer to the definition of issue date in rule 19.12). For example, the issue date for a pro rata entitlement issue must comply with the applicable timetable in Appendix 7A.Cross reference: item 33 of Appendix 3B. 14 December 2017 Number +Class 8 Number and+class of all +securities quoted on ASX (_including_the+securities in section 2 if applicable) 101,101,761 Ordinary fully paid shares (Shares) Number +Class 9 Number and+class of all +securities not Fully paid ordinary shares (Shares)	6e Number of +securities issued with security holder approval under rule 7.3, or another specific security holder approval (specify date of meeting) Nil 6f Number of +securities issued under an exception in rule 7.2 Nil 6g If+securities issued under rule 7.1A, was issue price at least 75% of 15 day VWAP as calculated under rule 7.1A.3? Include the+issue date and both values. Include the source of the VWAP calculation. Yes Placement issue price agreed: 4 Dec 2017 Share issue date: 14 Dec 2017 15 Day VWAP: $0.661 (Bloomberg) 75% VWAP: $0.496 6h If+securities were issued under rule 7.1A for non-cash consideration, state date on which valuation of consideration was released to ASX Market Announcements N/A 6i Calculate the entity’s remaining issue capacity under rule 7.1 and rule 7.1A – complete Annexure 1 and release to ASX Market Announcements Refer to Annexure 1 7 +Issue dates Note: The issue date may be prescribed by ASX (refer to the definition of issue date in rule 19.12). For example, the issue date for a pro rata entitlement issue must comply with the applicable timetable in Appendix 7A.Cross reference: item 33 of Appendix 3B. 14 December 2017 Number +Class 8 Number and+class of all +securities quoted on ASX (_including_the+securities in section 2 if applicable) 101,101,761 Ordinary fully paid shares (Shares) Number +Class 9 Number and+class of all +securities not Fully paid ordinary shares (Shares)	6e Number of +securities issued with security holder approval under rule 7.3, or another specific security holder approval (specify date of meeting) Nil 6f Number of +securities issued under an exception in rule 7.2 Nil 6g If+securities issued under rule 7.1A, was issue price at least 75% of 15 day VWAP as calculated under rule 7.1A.3? Include the+issue date and both values. Include the source of the VWAP calculation. Yes Placement issue price agreed: 4 Dec 2017 Share issue date: 14 Dec 2017 15 Day VWAP: $0.661 (Bloomberg) 75% VWAP: $0.496 6h If+securities were issued under rule 7.1A for non-cash consideration, state date on which valuation of consideration was released to ASX Market Announcements N/A 6i Calculate the entity’s remaining issue capacity under rule 7.1 and rule 7.1A – complete Annexure 1 and release to ASX Market Announcements Refer to Annexure 1 7 +Issue dates Note: The issue date may be prescribed by ASX (refer to the definition of issue date in rule 19.12). For example, the issue date for a pro rata entitlement issue must comply with the applicable timetable in Appendix 7A.Cross reference: item 33 of Appendix 3B. 14 December 2017 Number +Class 8 Number and+class of all +securities quoted on ASX (_including_the+securities in section 2 if applicable) 101,101,761 Ordinary fully paid shares (Shares) Number +Class 9 Number and+class of all +securities not Fully paid ordinary shares (Shares)
		N/A
		Refer to Annexure 1
		14 December 2017
		Number	+Class
		101,101,761	Ordinary fully paid shares (Shares)
	Number		+Class
			Fully paid ordinary shares (Shares)

• See chapter 19 for defined terms.

Appendix 3B Page 3

04/03/2013

quoted on ASX (including the +securities in section 2 if applicable)	20,298,637 10,500,000 10,499,999 10,499,998 1,000,000 1,000,000 2,000,000 2,500,000 3,000,000 4,000,000 3,348,750 3,220,938 5,011,861 1,000,000 6,000,000 1,750,000 850,000	Shares escrowed until between 1 February 2018 and 29 November 2019 Performance Shares (Conversion ratio into Shares 1:1) Class A Performance Shares escrowed until 29 Aug 2018 or 29 Aug 2017 Class B Performance Shares escrowed until 29 Aug 2018 or 29 Aug 2017 Class C Performance Shares escrowed until 29 Aug 2018 Class D Performance Shares Class E Performance Shares Class F Performance Shares Class G Performance Shares Class H Performance Shares Options Incentive options ($0.25, 20 May 2019) escrowed until 29 Aug 2018. Unquoted options ($0.25, 29 Aug 2019) escrowed until 29 Aug 2018. Unquoted options ($0.25, 29 Aug 2019) Employee options ($0.33, 19 Sept 2019) subject to vesting conditions Employee options ($0.33, 19 Sept 2019) subject to vesting conditions escrowed until 29 Aug 2018 Employee options ($0.30, 15 Dec 2019) subject to vesting conditions. Broker Options ($0.30, 5 May 2020) Broker Options ($0.50, 4 Dec 2017)

850,000 1,483,333 1,483,331 1,483,336 333,340 333,330 333,330	Broker Options ($0.60, 4 Dec 2017) Performance Rights (Conversion ratio into Shares 1:1) Class A Performance Rights Class B Performance Rights Class C Performance Rights Class D Performance Rights Class E Performance Rights Class F Performance Rights

• 10 Dividend policy (in the case of a trust, distribution policy) on the increased capital (interests)

Part 2 - Pro rata issue

• 11 Is security holder approval N/A required?

• 12 Is the issue renounceable or nonN/A renounceable?

• 13 Ratio in which the[+] securities N/A will be offered

• 14 +Class of +securities to which the N/A offer relates

• 15 +Record date to determine N/A entitlements

• 16 Will holdings on different N/A registers (or subregisters) be aggregated for calculating entitlements?

• See chapter 19 for defined terms.

Appendix 3B Page 5

04/03/2013

17 Policy for deciding entitlements in relation to fractions 18 Names of countries in which the entity has security holders who will not be sent new offer documents Note: Security holders must be told how their entitlements are to be dealt with. Cross reference: rule 7.7. 19 Closing date for receipt of acceptances or renunciations 20 Names of any underwriters 21 Amount of any underwriting fee or commission 22 Names of any brokers to the issue 23 Fee or commission payable to the broker to the issue 24 Amount of any handling fee payable to brokers who lodge acceptances or renunciations on behalf of security holders 25 If the issue is contingent on security holders’ approval, the date of the meeting 26 Date entitlement and acceptance form and offer documents will be sent to persons entitled 27 If the entity has issued options, and the terms entitle option holders to participate on exercise, the date on which notices will be sent to option holders 28 Date rights trading will begin (if applicable)	N/A
	N/A
	N/A
	N/A
	N/A
	N/A
	N/A
	N/A
	N/A
	N/A
	N/A
	N/A

29 Date rights trading will end (if applicable) 30 How do security holders sell their entitlements_in full_through a broker? 31 How do security holders sell_part_ of their entitlements through a broker and accept for the balance? 32 How do security holders dispose of their entitlements (except by sale through a broker)? 33 +Issue date	N/A
	N/A
	N/A
	N/A
	N/A

Part 3 - Quotation of securities

You need only complete this section if you are applying for quotation of securities

• 34 Type of[+] securities ( tick one )

• (a) +Securities described in Part 1

• (b) All other[+] securities

Example: restricted securities at the end of the escrowed period, partly paid securities that become fully paid, employee incentive share securities when restriction ends, securities issued on expiry or conversion of convertible securities

Entities that have ticked box 34(a)

Additional securities forming a new class of securities

Tick to indicate you are providing the information or documents

35 If the[+] securities are[+] equity securities, the names of the 20 largest holders of the additional[+] securities, and the number and percentage of additional[+] securities

• See chapter 19 for defined terms.

Appendix 3B Page 7

04/03/2013

held by those holders

36 If the[+] securities are[+] equity securities, a distribution schedule of the additional +securities setting out the number of holders in the categories 1 - 1,000 1,001 - 5,000 5,001 - 10,000 10,001 - 100,000 100,001 and over

37 A copy of any trust deed for the additional[+] securities

Entities that have ticked box 34(b)

38 Number of+securities for which +quotation is sought 39 +Class of+securities for which quotation is sought 40 Do the+securities rank equally in all respects from the+issue date with an existing+class of quoted +securities? If the additional+securities do not rank equally, please state: • the date from which they do • the extent to which they participate for the next dividend, (in the case of a trust, distribution) or interest payment • the extent to which they do not rank equally, other than in relation to the next dividend, distribution or interest payment 41 Reason for request for quotation now Example: In the case of restricted securities, end of restriction period (if issued upon conversion of another+security, clearly identify that other+security)	N/A
	N/A
	N/A
	N/A
	Number	+Class

42 Number and +class of all N/A +securities quoted on ASX ( including the[+] securities in clause 38)

Quotation agreement

• 1 +Quotation of our additional +securities is in ASX’s absolute discretion. ASX may quote the[+] securities on any conditions it decides.

• 2 We warrant the following to ASX.

• The issue of the[+] securities to be quoted complies with the law and is not for an illegal purpose.

• There is no reason why those[+] securities should not be granted +quotation.

• An offer of the[+] securities for sale within 12 months after their issue will not require disclosure under section 707(3) or section 1012C(6) of the Corporations Act.

Note: An entity may need to obtain appropriate warranties from subscribers for the securities in order to be able to give this warranty

• Section 724 or section 1016E of the Corporations Act does not apply to any applications received by us in relation to any[+] securities to be quoted and that no-one has any right to return any[+] securities to be quoted under sections 737, 738 or 1016F of the Corporations Act at the time that we request that the[+] securities be quoted.

• If we are a trust, we warrant that no person has the right to return the +securities to be quoted under section 1019B of the Corporations Act at the time that we request that the[+] securities be quoted.

• 3 We will indemnify ASX to the fullest extent permitted by law in respect of any claim, action or expense arising from or connected with any breach of the warranties in this agreement.

• 4 We give ASX the information and documents required by this form. If any information or document is not available now, we will give it to ASX before +quotation of the +securities begins. We acknowledge that ASX is relying on the information and documents. We warrant that they are (will be) true and complete.

Sign here: ............................................ Date: 14 December 2017......

(Company secretary)

Print name: .Emma Wates........................................................

• See chapter 19 for defined terms.

Appendix 3B Page 9

04/03/2013

Appendix 3B – Annexure 1 Calculation of placement capacity under rule 7.1 and rule 7.1A for eligible entities

Introduced 01/08/12 Amended 04/03/13

Part 1

Rule 7.1 – Issues exceeding 15% of capital

Step 1: Calculate “A”, the base figure from which the placement capacity is calculated

Introduced 01/08/12 Amended 04/03/13 Part 1	Introduced 01/08/12 Amended 04/03/13 Part 1
Rule 7.1 – Issues exceeding 15% of capital
Step 1: Calculate “A”, the base figure from which the placement capacity is calculated
Insertnumber of fully paid+ordinary securities on issue 12 months before the+issue date or date of agreement to issue	61,977,706
Addthe following: • Number of fully paid+ordinary securities issued in that 12 month period under an exception in rule 7.2 • Number of fully paid+ordinary securities issued in that 12 month period with shareholder approval • Number of partly paid+ordinary securities that became fully paid in that 12 month period Note: • Include only ordinary securities here – other classes of equity securities cannot be added • Include here (if applicable) the securities the subject of the Appendix 3B to which this form is annexed • It may be useful to set out issues of securities on different dates as separate line items	1,833,333 Shares issued under Appendix 3B lodged with ASX 16 December 2016 (Shareholder approval obtained on 13 December 2016) 12,950,000 Shares issued under Appendix 3B lodged with ASX on 15 March 2017 (Shareholder ratification of issue obtained in 26 April 2017) 2,500,000 Shares issued under Appendix 3B lodged with ASX on 11 April 2017. (Shareholder ratification of issue obtained in 26 April 2017) 1,534,889 Shares issued under Appendix 3B lodged with ASX on 5 May 2017. (Shareholder ratification of issue obtained in 26 April 2017) 284,375 Shares issued under Appendix 3B lodged with ASX on 31 August 2017 (Listing Rule 7.1 Exception 4: Shares issued on conversion of Options). 1,128,125 Shares issued under Appendix 3B lodged with ASX on 8 September 2017 (Listing Rule 7.1 Exception 4: Shares issued on conversion of Options). 100,000 Shares issued under Appendix 3B lodged with ASX on 15 September 2017 (Listing Rule 7.1 Exception 4: Shares issued on conversion of Options). 181,250 Shares issued under Appendix 3B lodged with ASX on 26 September 2017 (Listing Rule 7.1 Exception 4: Shares issued on conversion of Options). 396,250 Shares issued under Appendix 3B lodged with ASX on 18 October 2017 (Listing Rule 7.1 Exception 4: Shares issued on conversion of Options).

	339,063 Shares issued under Appendix 3B lodged with ASX on 23 October 2017 (Listing Rule 7.1 Exception 4: Shares issued on conversion of Options). 181,250 Shares issued under Appendix 3B lodged with ASX on 30 October 2017 (Listing Rule 7.1 Exception 4: Shares issued on conversion of Options). 100,000 Shares issued under Appendix 3B lodged with ASX on 6 November 2017 (Listing Rule 7.1 Exception 4: Shares issued on conversion of Options). 3,333,334 Shares issued pursuant to Appendix 3B lodged on 20 July 2017 (Shareholder ratification of issue obtained on 28 November 2017) 1,000,000 Shares issued pursuant to Appendix 3B lodged on 6 June 2017(Shareholder ratification of issue obtained on 28 November 2017). 13,000,000 Shares issued pursuant to Appendix 3B dated 11 August 2017 (Shareholder ratification of issue obtained on 28 November 2017). 11,063,151 Shares issued pursuant to this Appendix 3B lodged on 29 November 2017 (Shareholder approval obtained on 28 November 2017) 89,083 Shares issued under Appendix 3B lodged with ASX on 13 November 2017 (Listing Rule 7.1 Exception 4: Shares issued on conversion of Options). 982,400 Shares issued under Appendix 3B lodged with ASX on 20 November 2017 (Listing Rule 7.1 Exception 4: Shares issued on conversion of Options). 59,521 Shares issued under this Appendix 3B lodged with ASX on 4 December 2017 (Listing Rule 7.1 Exception 4: Shares issued on conversion of Options).
Subtractthe number of fully paid +ordinary securities cancelled during that 12 month period	Nil
“A”	113,033,730

Step 2: Calculate 15% of “A”

“B”

0.15

• See chapter 19 for defined terms.

Appendix 3B Page 11

04/03/2013

[Note: this value cannot be changed] Multiply “A” by 0.15 16,955,059

Step 3: Calculate “C”, the amount of placement capacity under rule 7.1 that has already been used

Insert number of[+] equity securities issued or agreed to be issued in that 12 month period not counting those issued:

• Under an exception in rule 7.2

• Under rule 7.1A

• With security holder approval under rule 7.1 or rule 7.4

Note:

• This applies to equity securities, unless specifically excluded – not just ordinary securities

• Include here (if applicable) the securities the subject of the Appendix 3B to which this form is annexed

• It may be useful to set out issues of securities on different dates as separate line items

“C” -

Step 4: Subtract “C” from [“A” x “B”] to calculate remaining placement capacity under rule 7.1

“A” x 0.15

16,955,059 Note: number must be same as shown in Step 2 Subtract “C” Note: number must be same as shown in - Step 3 Total [“A” x 0.15] – “C” 16,955,059 [Note: this is the remaining placement capacity under rule 7.1]

Part 2

Rule 7.1A – Additional placement capacity for eligible entities

Step 1: Calculate “A”, the base figure from which the placement capacity is calculated

Part 2	Part 2
Rule 7.1A – Additional placement capacity for eligible entities
Step 1: Calculate “A”, the base figure from which the placement capacity is calculated
“A” Note: number must be same as shown in Step 1 of Part 1	113,033,730
Step 2: Calculate 10% of “A”
“D”	0.10 Note: this value cannot be changed
Multiply“A” by 0.10	11,303,059
Step 3: Calculate “E”, the amount of placement capacity under rule 7.1A that has already been used
Insertnumber of+equity securities issued or agreed to be issued in that 12 month period under rule 7.1A Notes: • This applies to equity securities – not just ordinary securities • Include here – if applicable – the securities the subject of the Appendix 3B to which this form is annexed • Do not include equity securities issued under rule 7.1 (they must be dealt with in Part 1), or for which specific security holder approval has been obtained • It may be useful to set out issues of securities on different dates as separate line items	8,366,668 Shares issued under this Appendix 3B lodged with ASX on 14 December 2017
“E”	-

Step 4: Subtract “E” from [“A” x “D”] to calculate remaining placement capacity under rule 7.1A

Step 4: Subtract “E” from [“A” x “D”] to calculate remaining placement capacity under rule 7.1A	Step 4: Subtract “E” from [“A” x “D”] to calculate remaining placement capacity under rule 7.1A
“A” x 0.10 Note: number must be same as shown in Step 2	11,303,059
Subtract“E” Note: number must be same as shown in Step 3	8,366,668
Total[“A” x 0.10] – “E”	2,936,705 Note: this is the remaining placement capacity under rule 7.1A

• See chapter 19 for defined terms.

Appendix 3B Page 13

04/03/2013