NOTE B This loan has been made by Blue Star Group (New Zealand) Limited (formerly Blue Star Print Group (New Zealand) Limited) to BSGIL to assist in funding senior debt obligations under
the SSCFA. As mentioned at note 4, each Group member is a guarantor under the SSCFA.
Interest on this loan is accruing at the interest rate applicable to the Subordinated Capital
Bonds under the Subordinated Capital Bonds Trust Deed, which is currently 13.1% per annum.
The loan is unsecured and is subordinated to all external indebtedness of BSGIL but will rank pari
passu with all other intra-group indebtedness of BSGIL. The repayment date for the loan is 26
August 2012, although that date may change
if the maturity date for the Subordinated Capital Bonds, or the maturity date under the SSCFA, or both, is amended.
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