SCIDEV LTD — Capital/Financing Update 2010

Oct 11, 2010

ABN 25 001 150 849

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Level 3 2 Elizabeth P laza North Sydney NSW 2060 A u stralia PO Box 1507 North Sydney NSW 2059 A u stralia

Pho n e: 02-9954 788 8 F a x: 02-8904 033 4 Email: ma i l@intec.com.a u Website: w w w.intec.com.a u ASX code: IN L

12 Octobe r 2010

Companie s Announc e ments Office Australian Securities E xchange

Appendix 3B and Notice in accordance with Section 708A(5)(e) of the Corporations Act

Secondary Trading Exemption

The Corp o rations Ac t (the Act) restricts th e on-sale o f securities issued wit h out disclo s ure, unles s the sale is exempt u n der sectio n 708 or 708A. By t h e Compan y giving th i s notice, a sale of th e Securities n oted abov e will fall w ithin the e x emption i n section 70 8 A(5) of th e Act.

• The Company hereby notifies A S X under p a ragraph 708A(5)(e) o f the Act th a t: a) the C ompany is s ued the Securities without disclo s ure to inv e stors unde r Part 6D.2 o f the Act; b) as a t 12 Octob e r 2010 the Company h as compli e d with the provisions of Chapte r 2M of th e Act a s they app l y to the C o mpany, an d section 6 7 4 of the A c t; and

• c) as at 12 Octobe r 2010 ther e is no info r mation:

• i) that has b e en exclud e d from a c o ntinuous d isclosure n o tice in ac c ordance with the AS X Listing R u les; and

• ii) that inves t ors and th e ir professi o nal advis e rs would r e asonably r equire for t he purpos e of makin g an inform e d assessm e nt of: A) the a ssets and l i abilities, financial position and p e rformance , profits an d losses an d pro s pects of th e Company ; or

• B) the r ights and l i abilities attaching to t h e Securities.

Yours fait h fully Intec Ltd

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Philip R Wood Managing Director a n d Chief Executive Of f icer

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 1/7/96. Origin: Appendix 5. Amended 1/7/98, 1/9/99, 1/7/2000, 30/9/2001, 11/3/2002, 1/1/2003.

Name of entity

Intec Ltd

ABN

25 001 150 849

/

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) 4 Do the+securities rank equally in all respects from the date of allotment 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	Ordinary shares.
	4,545,455 ordinary shares.
	Ordinary shares.
	The ordinary shares will be quoted and rank equally with Intec’s currently quoted ordinary shares.

Appendix 3B New issue announcement

Intec Ltd

5 Issue price or consideration 6 Purpose of the issue (If issued as consideration for the acquisition of assets, clearly identify those assets) 7 Dates of entering+securities into uncertificated holdings or despatch of certificates 8 Number and +class of all +securities quoted on ASX (_including_the securities in clause 2 if applicable) 9 Number and +class of all +securities not quoted on ASX (_including_the securities in clause 2 if applicable) 10 Dividend policy (in the case of a trust, distribution policy) on the increased capital (interests)	US$29,598 in total	US$29,598 in total
	Issued on partial conversion of the Convertible Note between INL and La Jolla Cove Investors, Inc., as set out in the announcement dated 17 November, 2009.
	12 October 2010
	Number	+Class
	148,398,117	Ordinary Shares
	Number	+Class
	2	Convertible Notes. Original value US$3.0 million, US$2,500,000 drawn down and US$1,793,252 converted. Balance of Convertible Notes drawn down is US$706,748.
	721,000	31 August 2011 Options – exercise price $1.10
	470,000	25 September 2012 Options – exercise price$1.50
	635,000	25 September 2012 Options – exercise price $1.50 These options will not vest, and may not be exercised, until the Trigger Price Threshold of $2.50 is met. To meet the Trigger Price Threshold, the price of Intec Ltd shares traded on the Australian Securities Exchange must have closed above $2.50 for 20 consecutive trading days or Intec Ltd must have received a bona fide offer for a majority or all of its shares whether by takeover or scheme of arrangement.
	The newly issued shares rank equally with the existing shares.

Appendix 3B Page 2

Appendix 3B New issue announcement

Intec Ltd

Part 2 - Bonus issue or pro rata issue

• 11 Is security holder approval required?

Questions 11 to 33 are not applicable.

to 33

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 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 Questions 38 to 42 are not applicable to +quotation is sought 42

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

Appendix 3B Page 3

Appendix 3B New issue announcement

Intec Ltd

• Sectio n 724 or sec t ion 1016E of the Corp o rations Ac t does not a p ply to any application s receive d by us in r elation to a n y[+] securities to be quo t ed and that no-one has any right t o return a ny[+] securiti e s to be quo t ed under se c tions 737, 7 38 or 1016 F of the Cor p orations Ac t at the t i me that we r equest that t he[+] securiti e s be quoted.

• We war r ant that if co n firmation is r equired under section 101 7 F of the Cor p orations Act in relation to the[+] sec u rities to be q u oted, it has b een provide d at the time t h at we reques t that the[+] sec u rities be quoted.

• • If we ar e a trust, we w arrant that n o person has t h e right to ret u rn the[+] secu r ities to be qu o ted under section 1 019B of the C orporations Act at the ti m e that we req u est that the[+] securities be q uoted

• 3 We will indemni f y ASX to the fullest exten t permitted b y law in respe c t of any clai m , action or e x pense arisin g fro m or connecte d with any br e ach of the w a rranties in th i s agreement.

• 4 We give ASX th e information and documents required b y this form. I f any informa t ion or document not ava i lable now, w i ll give it to A SX before[+] q u otation of the[+] securities b egins. We a c knowledge t h at ASX is relying on the in f ormation and documents. W e warrant t h at they are ( w ill be) true a n d complete.

Sign here:

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D ate: 12 Octobe r 2010

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(Director / ~~Secretary)~~

Print name: Philip R Wood

Appendix 3B 1 2 October 2010

Rule 2.7, 3.10 . 3, 3.10.4, 3.10.5

Appen d ix 3B Page 4