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The Pathway Four Unit Trust is providing investors with an opportunity to acquire a well located retail/bulky-goods property offering a long term income stream, robust capital growth with secure lease covenants.
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Proper�es & Pathways Pty Ltd www.proper�esandpathways.com.au 1
INFORMATION MEMORANDUM Pathway Four Syndicate
Information Memorandum
Properties & Pathways Pty Ltd invites you to invest in:
1 EDEN STREET, MINYAMA, QUEENSLAND
Well established, high performing retail centre on great lease covenants
Estimated 9.0% net return to investors in the first year
Fantastic tenancy mix, including 4 national retailers:
Snooze, Whitworths, Carpet Call & Mr Toys Toyworld
Weighted Average Lease Expiry (WALE) of 5.2 years
100% occupancy since 1988 (the property hasn’t had a vacancy in 27 years)
Dominant corner site with three street frontages
Brilliant exposure with 52,000 vehicles passing daily (department of main roads, QLD)
Diversification of risk with 5 rental income streams
Located in one of the regions strongest retail growth corridors
Proper�es & Pathways Pty Ltd
A: 2 Chidley Road, City Beach, WA 6015
T: (08) 9285 0396
F: (08) 9285 0397
E: alan@dogge�.net.au
E: cal@dogge�.net.au
ABN 18 321 741 809
AFSL 438152 Date of issue: March 2015
Proper�es & Pathways Pty Ltd www.proper�esandpathways.com.au 2
INFORMATION MEMORANDUM Pathway Four Syndicate
INVESTMENT OBJECTIVE & STRATEGY
The Pathway Four Unit Trust (‘the Syndicate’) is providing investors with an opportunity to acquire a well located retail/
bulky-goods property offering a long term income stream, robust capital growth with secure lease covenants.
The investment strategy for this property is to implement an efficient maintenance program to prolong the useful life and
condi�on of the property with a long term view of passive rent collec�on. Furthermore, we will work closely with the
tenants to extend their tenure and proac�vely maintain the WALE of the investment and the strength of the lease
covenants. Due to the rela�ve age of the building, there is poten�al for a value-add refurbishment which would typically go
hand-in-hand with a substan�al increase in the WALE (based on the renewal of current tenancies). I.e. a possible investment
strategy would be to approach each tenant in the 4th year of their term and offer them to exercise their op�on or commit to
a longer lease, subject to us (the Landlord) doing a substan�al refurbishment to the exterior and facade of the building.
Naturally, we could also approach the banks for the requisite finance to achieve this objec�ve. Please note, any investment
strategy is subject to change, with such change dependant on (but not limited to) the available opportuni�es,
development poten�al, tenant composi�on, lease structure, risk analysis, access to finance and the general economic
climate over the life of the asset.
Please also note: This is a long-term investment strategy and due to the structure of the syndicate it may have a limited
secondary market making it rela�vely illiquid when compared to other financial products and/or alterna�ve investments.
REASONS WHY THIS PROPERTY IS IDEAL FOR INVESTMENT
A�rac�ve return from a well located property with fantas�c exposure
Strong lease covenants from 4 na�onal tenants and 1 state-wide trader
Secure leasing history with 100% occupancy since incep�on of the building in 1988
Strategic tenancy mix for diversifica�on of rental risk
Robust rental pla�orm with over 85% of income derived from na�onal tenants
Long Weighted Average Lease Expiry (‘WALE’) of over 5.2 years
Strategic layout, posi�on and loca�on to service the surrounding catchment & area
Prolific site with well-sized tenancies crea�ng high demand from retailers
Please see summary video at the following link: HTTPS://VIMEO.COM/116610497
Please refer to page 9 for Disclaimer, Risk Factors & Other Important no�ces.
Proper�es & Pathways Pty Ltd www.proper�esandpathways.com.au 3
INFORMATION MEMORANDUM Pathway Four Syndicate
THE PROPERTY
1 Eden Street, Minyama is a stand alone single level retail showroom of 3,212 sqm divided into 5 individual tenancies and
situated on 5,838 sqm of land. The property has 3 street frontages and 64 open car bays to compliment a well performing
retail/bulky-goods centre fron�ng the prime 4-6 lane arterial road of Nicklin Way. This large, modern, retail showroom sits
alongside other bulky good retailers in a dense, established retail precinct in a prominent, high-profile loca�on.
The Gross Le�able Area (GLA) of the property is 3,212sq.m (approx.), comprising an excellent tenant mix, outlined below:
Snooze - with over 70 stores across Australia and who are part of the well-known Steinhoff group;
Barra Jacks - with 2 QLD stores and who have traded at the centre since 2009;
Carpet Call - Australia’s largest independent flooring retailer with over 70 stores across Australia and who have traded
along Nicklin Hwy since 1992;
Whitworths Nau�cal World - Australia's largest marine accessories retailer with 16 stores across Australia and who
have traded at the centre since 2000; and
Mr Toys Toyworld - Australia‘s largest retail chain of specialist toy stores with 24 stores over Queensland, 141 stores
across Australia and who have been there since incep�on of the building.
The centre provides convenient in-front car parking and a favourable bay/le�able area ra�o with all tenancies facing into the
car park making it convenient for pedestrian and vehicles alike. The site is also strategically posi�oned to offer easy and di-
rect truck access for delivery of goods to each retailer.
The Centre was built in 1988 and has been well maintained. Nonetheless, the building will require pro-ac�ve maintenance
throughout our ownership tenure (which we have taken into account in our investment strategy outlined on page 2).
Proper�es & Pathways Pty Ltd www.proper�esandpathways.com.au 4
INFORMATION MEMORANDUM Pathway Four Syndicate
TENANCY SCHEDULE
1 Eden Street, Minyama tenancy schedule:
BANK GUARANTEES
Snooze (Mul�well P/L): 3 months bank guarantee (currently $61,635) plus franchisee / personal guarantees
Barra Jacks (G & J Clarke): 4 months bank guarantee (currently $42,504)
Carpet Call (Blondec P/L): Franchisee / personal guarantee
Whitworths (Nau�cal P/L): 3 months bank guarantee (currently $10,521)
Mr Toys Toyworld (Cen P/L): Franchisee / personal guarantee
LOCATION
The subject property fron�ng Nicklin Way is located within the established commercial and residen�al precinct of Minyama
on the Sunshine Coast, located approximately 1 hour and 15 minutes from Brisbane CBD.
Nicklin Way has evolved into a mix of commercial office and retail establishments with a concentra�on of car yards, bulky
retail, medical and strip retail along approx. 13 kilometres from Caloundra in the South through to Minyama in the North.
Nicklin Way is a 4-6 lane, dual carriage road boas�ng an average of 52,000 vehicles passing per day, making it one of the
Sunshine Coast’s best known arterial roads which acts as the primary connec�on between Caloundra to the South and
Maroochydore to the North (Source: Department of Main Roads, Queensland).
Tenant Area (sq.m) Term Op�on Start Date Expiry Net Rent Escala�ons
Snooze (Mul�well Pty Ltd)
930 5 5 + 5 01/05/2014 30/04/2019 $ 224,130 CPI
Barra Jacks (Geoffrey & Jennifer Clarke)
483 5 5 30/06/2014 29/06/2019 $ 115,920 CPI
Carpet Call (Blondec Pty Ltd)
334 7 5 20/03/2014 19/03/2021 $ 82,474 5%
Whitworths (Nau�cal World Pty Ltd)
466 5 5 + 5 25/02/2014 24/02/2019 $ 116,567 4%
Mr Toys Toyworld (Cen Pty Ltd)
999 7 5 + 5 + 5 01/01/2015 31/12/2022 $ 242,267 3.5%
Totals 3,212 $ 781,358
Proper�es & Pathways Pty Ltd www.proper�esandpathways.com.au 5
INFORMATION MEMORANDUM Pathway Four Syndicate
MANAGEMENT & STRUCTURE
Proper�es & Pathways Pty Ltd (‘the syndicator’) is the licensee, holding AFSL 438152.
Directors: Alan Dogge�
Cal Dogge�
Proper�es & Pathways Pty Ltd is also the trustee company which will be responsible for the asset and syndicate
management, including, but not limited to:
Finalisa�on of lease nego�a�ons & renewals;
Re-financing and finance terms;
All dealings with financial ins�tu�ons;
Quarterly distribu�ons;
Development poten�al and feasibility;
Overall capital works and property maintenance;
Acquisi�on and/or sale of the property;
Various other management items; and
Will appoint a leading commercial real estate company to manage the property, including collec�on of rent,
payment of outgoings and the day to day management.
Pathway Four Unit Trust: issues units assigning ownership en�tlement. Unit holders are governed by the Unit Trust
Deed which regulates the opera�on, distribu�on, administra�on, transfer of units and other general legali�es of the
unit holders, both individually and collec�vely.
FINANCE & VALUATION POLICY
Proper�es & Pathways Pty Ltd has appointed Structured Property Finance to nego�ate acceptable commercial terms for the
loan facility. From preliminary discussions, the banks have indicated finance on the following terms:
Loan amount equal to 60% of the purchase price;
Fixed loan term of 3 to 5 years;
Interest will be paid from the net rental income of the property;
Loan will be in the name of Proper�es & Pathways Pty Ltd a� the Pathway Four Unit Trust;
Non-recourse loan i.e. the lender will secure the loan against the land and buildings only and not individual investors;
In effect, the investors are NOT required to provide guarantee over the property;
Security – A first ranking mortgage to be registered over the land; and
An�cipated fixed interest rate at se�lement between 3.75% and 4.00% pa.
Proper�es & Pathways Pty Ltd
intends to re-value the property
prior to the expira�on of the
finance facility or when the trustee
believes there has been a material
change to the value of the
property.
Proper�es & Pathways Pty Ltd www.proper�esandpathways.com.au 6
INFORMATION MEMORANDUM Pathway Four Syndicate
THE INVESTMENT—ACQUISITION
Any surplus remaining post se�lement will accumulate as reserve fund to offset any unforseen expenditure.
SENSITIVITY ANALYSIS
Due to the high demand for this asset we have factored in a ‘premium’ on purchase price. Through lengthy discussions with
valuers and professionals in the area, we understand there is a high demand for the level of security and risk diversifica�on
which this asset offers. As such, we will likely compete with 4 or 5 other buyers which means our terms have to be a�rac�ve
for the seller AND we need to factor in room to move on the purchase price. From a preliminary indica�ve valua�on we
confirm the asset value is between approx. $9.75million and $10.1million (reflec�ng a return of between 7.75% - 7.50%).
However, in our calcula�ons (above and below) you will no�ce we have assumed a purchase price of $10.1million which
reflects a 7.5% return on purchase price. We have based our assump�ons and calcula�ons on this but must make it very
clear we would be willing to purchase this asset at up to $10.44mil which reflects a 7.25% return on purchase price. Please
note, the sensi�vity analysis below, showing the NET return to each investor based on the different purchase prices (ranging
from $9.75mil—$10.4mil).
Please note, whilst we firmly believe we can purchase the asset at $10.1mil, you must sa�sfy yourself of such investor return
(as shown above), based on a purchase price of anywhere up to $10.44mil as the case may warrant.
Purchase Price (PP) $10,100,000
Es�mated Costs: Stamp Duty & Transfer $592,000
Se�lement & Legal Costs $15,000
Due Diligence Costs $15,000
Loan Establishment Fee (0.5% of mortgage) $30,250
Valua�on $10,000
Establishment Fee (1.65% of PP) $166,500
Total $11,037,750
$6,050,000
Equity required to be raised (approx.) $5,000,000
Less: Mortgage at 60% of Purchase Price (approx.)
AFSL Compliance Costs $9,000
Reserve Fund $100,000
YR 1 YR 2 YR 3 YR 4 YR 5
Purchase price $10,400,000 8.66% 9.05% 9.45% 9.87% 10.30%
Purchase price $10,100,000 9.00% 9.40% 9.82% 10.25% 10.70%
Purchase price $9,975,000 9.34% 9.76% 10.18% 10.62% 11.08%
Proper�es & Pathways Pty Ltd www.proper�esandpathways.com.au 7
INFORMATION MEMORANDUM Pathway Four Syndicate
INCOME & RETURN
Cash distribu�ons to investors as a percentage return on equity invested (assuming cash investment) is forecast to be:
* As this is a mul� tenanted property it is prudent to allow a vacancy factor in the event of a tenant vaca�ng and a resultant reduc�on in income. We have assumed a vacancy factor for a property of this nature to be approx. 7.0% - 8.0% of the net rent.
Investors will receive income distribu�ons quarterly in arrears. Please note, these figures do not account for the
deprecia�on/amor�za�on of the property and the associated tax benefits of this expense which improves the a�er tax posi�on
of the cash distribu�ons.
PURCHASING ENTITY & APPLICATIONS
The property is purchased by Proper�es & Pathways Pty Ltd as trustee for The Pathway Four Unit Trust. Units in the unit trust
must be purchased by investors who would like to take part in the syndicate. Please refer to the Unit Trust Deed (available
upon request) which outlines more comprehensively the way in which the syndicate operates.
Should you wish to par�cipate in the Pathway Four Syndicate please no�fy us and we will direct you through your applica�on
which will require comple�on of the following documents and disclosures (majority of which are Australian legisla�ve
requirements to protect each investor):
Comple�ng the a�ached ‘Investor Details’ in the name of your inves�ng en�ty and supply full iden�fica�on (Passport
or Australian Driver’s License) of the responsible individual/s for that en�ty;
Signing the ‘Unit Trust Deed’ in the name of your inves�ng en�ty;
Comple�ng and signing the a�ached ‘Applica�on for Units’ in the name of your inves�ng en�ty;
Cer�fying you are a ‘wholesale’ investor by ge�ng your accountant to complete an Accountant’s Cer�ficate in the
a�ached format. (Please disregard if you have already supplied this within the last 2 years for previous syndica�ons);
Please note: If you do not qualify for the ‘wholesale’ criteria as defined in the a�ached, please contact us immediately.
Email and/or mail the abovenamed a�achments to the email address below or mail address on the front cover of this
Informa�on Memorandum.
Applica�on for units will not be accepted un�l funds have been received, either by cheque, or via deposit into the following
A�orney ‘s Trust Account: Account Name: Stephen Josland Barrister & Solicitor - Trust Account Bank: ANZ Bank BSB: 016 460 Account No: 4981 31998 Please note, these funds may only be withdrawn through authority by the transferring a�orney in order to effect se�lement.
If you require assistance in comple�ng any of the required forms or have any queries, please contact either:
Alan Dogge�: mob: 0402 327 776 email: alan@dogge�.net.au
Cal Dogge�: mob: 0439 886 931 email: cal@dogge�.net.au
YR 1 YR 2 YR 3 YR 4 YR 5
Current Annual Return (fully let) at
$10,100,000 purchaser price 9.00% 9.40% 9.82% 10.25% 10.70%
Return (with 7.5% vacancy allowance)* 8.15% 8.52% 8.90% 9.30% 9.71%
Proper�es & Pathways Pty Ltd www.proper�esandpathways.com.au 8
INFORMATION MEMORANDUM Pathway Four Syndicate
NICKLIN WAY
Major arterial road servicing 52,000 vehicles per day, connec�ng
Caloundra in the South to Maroochydore in the North.
KAWANA SHOPPING WORLD, Including the following MAJOR retailers:
Convenience: Big W, BWS, Liquorland, Australia Post, Chemist, Pharmacy, Optometrist
Supermarkets: Coles, Woolworths & ALDI plus major banks (ANZ, Commonwealth, NAB, Suncorp etc.)
Food outlets and retailer: JB Hi-Fi, Dick Smith, EB Games plus Grill’d, KFC, McDonalds, Subway, Coffee Club etc.
1 EDEN STREET, MINYAMA
Proper�es & Pathways Pty Ltd www.proper�esandpathways.com.au 9
INFORMATION MEMORANDUM Pathway Four Syndicate
DISCLAIMER
Whilst this document includes informa�on about Proper�es & Pathways Pty Ltd (P&P), the nature of the investment, the Property and
other ma�ers, it is not exhaus�ve in its contents and should not be considered as such.
All projec�ons and forecasts in this document are for illustra�ve purposes only using those sources as described. They are based on the
opinions of, and the assump�ons and qualifica�ons made by the directors of P&P as at the date of this document. Actual results may be
materially affected by changes in economic and other circumstances.
Any reliance placed upon the accuracy of projec�ons, forecasts and other informa�on provided in this document, and the appropriateness
of opinions, assump�ons and qualifica�ons used, is a ma�er for your own commercial judgment. No representa�on or warranty is made
that any projec�ons, forecasts, values, assump�ons or es�mates contained in this document can or will be achieved.
Notwithstanding that par�es other than P&P are named in this document, none of those other par�es were involved in the prepara�on or
issue of this document and therefore, none of those other par�es has any responsibility for its contents.
P&P and its directors, officers, employees, advisers and representa�ves:
a. give no warranty and make no representa�on in respect of the contents of this document; and
b. accept no responsibility for the accuracy, reliability or completeness of the informa�on provided in this document.
ACKNOWLEDGMENT OF RISK
The Applicants acknowledge that:
a. they are aware of the risks of property investment;
b. they have made their own assessment of the Trust’s proposed investment property;
c. they view the Trust as a long term investment;
d. there is only a limited secondary market for the sale of their Units;
e. the purpose of the Informa�on Memorandum is to provide details in rela�on to the Trust’s proposed investment property and is
not a disclosure document pursuant to the provisions of the Corpora�ons Act;
f. any advice that may have been provided by the Trustees pursuant to the Informa�on Memorandum or otherwise is general
financial product advice only in rela�on to the Trust’s proposed investment property;
g. the Trustees have relied on the acknowledgements of the Applicants that they are sophis�cated, wholesale investors and that the
financial product or financial service is not deemed to be provided to them as retail clients and specifically that the Trustees have
not given any personal advice or been provided with or taken into account any Applicants’ objec�ves, financial situa�on or needs;
h. any representa�on made by the Trustees was made in good faith but they have not relied upon any representa�on as an
inducement to acquire their interests in the Trust’s proposed investment property.
The financial projec�ons in this Informa�on Memorandum have been prepared using various assump�ons which have been made based
on the best es�mates of the Directors and their advisors. Investors should appreciate that many factors (including, but not limited to, loss
of tenant, interest rate fluctua�ons, market condi�ons, projected returns, regulatory changes, illiquid investment, environmental risk,
leasing risk, valua�on risk, unexpected capital expenditure and destruc�on of buildings) which affect these projec�ons are outside the
Trustee’s control and cannot be foreseen. Accordingly the actual results may differ from those projected. The projected results demon-
strate the expected return of the Trust before tax and other non-cash deduc�ons are taken into account.
PRIVACY STATEMENT
By applying to invest in the Syndicate, you are providing personal informa�on to P&P. The Privacy Act 1988 (Cwth) regulates the way P&P
collects, uses, disposes, keeps secure and gives people access to their personal informa�on.
P&P is commi�ed to respec�ng the privacy of your personal informa�on. P&P has adopted a privacy policy, which states how P&P
manages personal informa�on. You can obtain a copy of that policy by wri�ng to us.
P&P collects, holds and uses personal informa�on in order to process your applica�on, and if your applica�on is successful, administer your
holding in the Syndicate.
CONFIDENTIALITY
This Memorandum (and the informa�on contained in it) is confiden�al. It is not intended for and should not be distributed to any other
person. By receipt of the Memorandum, the Recipient agrees that it will not transmit, reproduce or make available the Memorandum (or
any informa�on contained in it) to anyone other than its professional advisers, without the prior wri�en consent of P&P. Any such
disclosure to the advisers of the Recipient must be on a confiden�al basis, for the purposes only of assessing the informa�on contained in
it as adviser to the Recipient.
ANTI MONEY LAUNDERING AND COUNTER TERRORISM ACT
If you are a new investor with P&P, before we can accept your applica�on it will be necessary to provide cer�fied photographic
iden�fica�on of your iden�ty. This is a legisla�ve requirement. If you are making an applica�on as a company, Trust or Superannua�on
Fund we will require details of the registra�on of the en�ty and cer�fied photographic iden�fica�on of at least one of the directors if a
company or details of the Trustee and beneficiaries of the Trust and cer�fied photographic iden�fica�on of the Trustee. Further details of
the requirements can be obtained from P&P.
CONFLICTS OF INTEREST
The Directors and staff of P&P or members of their families or en��es which they control or have an interest in may also invest in the Unit
Trust. They may also indirectly benefit from any management fees charged in rela�on to the management of the Trust.
Proper�es & Pathways Pty Ltd www.proper�esandpathways.com.au 10
INFORMATION MEMORANDUM Pathway Four Syndicate
INVESTOR DETAILS
PURCHASING ENTITY
Purchasing En�ty Name: ________________________________________________________
Address of Purchasing En�ty: ________________________________________________________
TFN of Purchasing En�ty: ________________________________________________________ (N/A for non-resident investors)
ABN of Purchasing En�ty: ________________________________________________________ (N/A for non-resident investors)
Associated Individuals of Purchasing En�ty: _____________________________________________
______________________________________________________
Address of Associated Individuals: _____________________________________________________
______________________________________________________
(Please provide a copy of Iden�fica�on for the associated individuals)
INVESTMENT
Amount Invested ($): ______________________________________________________
ACCOUNT DETAILS OF INVESTING ENTITY (for receipt of quarterly distribu�ons)
Account Name: ______________________________________________________
BSB: ______________________________________________________
Account Number: ______________________________________________________
AUTHORISATION & ACKNOWLEDGEMENT
Signature: ______________________________________________________
Posi�on: ______________________________________________________
Name: ______________________________________________________
Date: ______________________________________________________
Proper�es & Pathways Pty Ltd www.proper�esandpathways.com.au 11
INFORMATION MEMORANDUM Pathway Four Syndicate
APPLICATION FOR UNITS
I/WE __________________________________________________________________________________ (“Applicant”)
Hereby apply for ____________________ ordinary class Unit(s) of one dollar each par value in The Pathway Four Unit Trust
(“Trust”) and hereby tender a cheque for $___________________________ being the subscrip�on moneys in rela�on to
such units.
AND I/WE hereby agree and undertake to be bound by the terms of the Trust Deed crea�ng the Trust (“Deed”) as varied or
supplemented from �me to �me and, make the following acknowledgements:
1. Acknowledgment of No Disclosure Provided
The Applicants (or their associated en��es) acknowledge that they are sophis�cated, wholesale investors for the purposes of sec�on 708(8) of the Corpora�ons Act and that notwithstanding sec�on 761G(7) of the Corpora�ons Act, the financial product or financial service provided to the Applicants is not deemed to be provided to the Appli-cants as retail clients, in that they each have:
a. invested in the Trust a minimum amount of $500,000.00; or
b. net assets of at least $2.5 million; or
c. had a gross income for the two years prior to entering into the Deed of at least $250,000.00 for each such financial year; and
d. provided to the Trustee a cer�ficate cer�fying as correct either of the ma�ers referred to in (b) or (c) above, such cer�ficate having been provided by a qualified accountant as defined in the Corpora�ons Act and dated no more than 24 months prior to entering into the Deed.
2. Acknowledgment of Risk
The Applicants acknowledge that:
a. they are aware of the risks of property investment;
b. they have made their own assessment of the Trust’s proposed investment property;
c. they view the Trust as a long term investment;
d. there is only a limited secondary market for the sale of their Units;
e. the purpose of the Informa�on Memorandum, if one has been provided, is to provide details in rela�on to the Trust’s proposed investment property and the Trust and it is not a disclosure document pursuant to the provisions of the Corpora�ons Act;
f. any advice that may have been provided by the Trustees pursuant to the Informa�on Memorandum or otherwise is general financial product advice only in rela�on to the Trust’s proposed investment property;
g. the Trustees have relied on the acknowledgements of the Applicants pursuant to clause 1 above that they are sophis�cated, wholesale investors and that the financial product or financial service is not deemed to be provided to them as retail clients and specifically that the Trustees have not given any personal advice or been provided with or taken into account any Applicants’ objec�ves, financial situa�on or needs; and
h. any representa�on made by the Trustees was made in good faith but they have not relied upon any representa�on as an inducement to acquire their interests in the Trust’s proposed investment property.
Proper�es & Pathways Pty Ltd www.proper�esandpathways.com.au 12
INFORMATION MEMORANDUM Pathway Four Syndicate
3. Acknowledgment of AML / CTF Iden�fica�on Requirements
The Applicants acknowledge and cer�fy that they have provided to the Trustee the proof of iden�fica�on required
by the Trustee and that all documents so provided are true and correct. 4. Acknowledgment of Privacy Policy The Applicants acknowledge that by applying to invest in the Trust they are providing personal informa�on to the
Trustee. The Privacy Act regulates the way in which the Trustee collects, uses, keeps secure and gives people access to their personal informa�on. The Trustee is bound by the Na�onal Privacy Principles and will collect and store personal informa�on from Applicants in a safe and secure manner. Personal informa�on of Applicants will be used to process each applica�on and, if such applica�on is successful, to administer and report on each Applicant’s holding of Units and the progress of the Trust’s ac�vi�es. Personal informa�on of Applicants may also be provided to other persons to enable the Trustee to provide services to the Applicants (for example, service providers, consultants and advisors) or to persons that Applicants authorise to act on their behalves in rela�on to their investment (for example, the financial advisors, accountants or lawyers of Applicants). The Trustees may also disclose personal informa�on of Applicants to others as permi�ed under the law. Applicants personal informa�on will be added to a mailing list of the Trustee and used for future marke�ng of investment opportuni�es promoted by the Trustee
DATED this ______________________ day of _____________________ 20 ___________________ SIGNED by the said Applicant(s) Individual(s) ______________________________________ ______________________________________ Company ______________________________________ Director ______________________________________ Director/Secretary
Proper�es & Pathways Pty Ltd www.proper�esandpathways.com.au 13
INFORMATION MEMORANDUM Pathway Four Syndicate
ACCOUNTANT’S LETTERHEAD
Date
A�en�on: Mr. C Dogge�
Director
Proper�es & Pathways Pty Ltd
2 Chidley Road,
City Beach, WA, 6015
I am qualified to provide this statement as a qualified accountant in accordance with the provisions of the Corpora�ons Act.
(Name of client) is a client of mine / this prac�ce and I am in a posi�on to cer�fy the following:
1. (Name of client or par�cipa�ng en�ty) has assets of at least $2.5 million; or
2. Has had an income of at least $250,000 pa over the past two years; or
3. Controls a company or trust which meets the requirements of either clauses 1 or 2.
Yours sincerely
Name of Accountant
(Qualifica�ons)
ACCOUNTANT’S CERTIFICATE