Extract of Exclusive Distributor Termination Agreement between Ralph Mackenzie and Skincare Inc, as executed on 30 June 2022, as attached at Annexure E;

Exclusive Distributor Termination Agreement Date: This agreement is dated the 30th day of June 2022. Between the Parties: Distributor Ralph Mackenzie 50 East Street, Knox, Victoria, 3152, Australia Supplier Skincare Inc. of 28 Oxford Street, London,4051, UK Recitals: 1. Skincare Inc. is the manufacturer of the oils and cream product and holds a registered patent over its prod uction. 2. Skincare Inc. entered into an exclusive distributor agreement with the Distributor on 1 September 2020. 3. The agreement referred to in Recital 2 was, amongst other things, (a) for a term of five (5) years, concluding on 31 August 2025; and (b) provided for the Distributor to have exclusive distribution rights of the Skincare product during the term in Australia. 4. Skincare Inc. now requires more traction in the Australian market and wishes to engage more distributors and contract directly with retailers in relation to its Skincare products. The Parties Agree: 1. Termination (a) The Supplier and Distributor agree that the Exclusive Distributor Agreement dated 1 September 2020 is terminated from the date of this agreement. (b) The Distributor agrees to, and will take all necessary steps to assign all contracts it has with its Australian based customers to the Supplier, with effect from the date of this agreement. 2. Release (a) The Supplier and Distributor agree and acknowledge that both the Supplier and Distributor shall be immediately and forever released and discharged from any action or claim known or unknown, including, without limitation, any claim for costs, interest to which each either the Supplier and/or Distributor may be entitled to against each other. 3. Restraint of Trade (a) As consideration for the Settlement Sum in clause 4 of this agreement, the Distributor agrees that for a period of not less than three years from the date of this agreement, that the Distributor will not: (a) directly or indirectly solicit business away from the Supplier; (b) trade in the products manufactured or sold by the Supplier, (c) entice any employee or contractor away from the Supplier; and/or (d) assist or engage any other person to undertake (a) to (c) in this clause. 4. Settlement Sum (a) In consideration of clauses 1, 2 and 3 of this agreement, and based on an estimate of the potential loss suffered by the Distributor, the Supplier agrees to pay the Distributor a Settlement Sum of $41,750.00 Australian dollars to the Australian bank account nominated by the Distributor. 5. General (a) This agreement is subject to the laws of Victoria, Australia

REQUIRED Ralph Mackenzie has engaged Tax Specialists Pty Ltd to advise him of all his tax issues which will arise from the documents provided in respect of the income year ending 30 June 2022. Your manager has requested that you: ACC30005 Taxation Case Study / Assignment Page 10 of 19 Prepare a letter of advice to Ralph Mackenzie which identifies all relevant tax issues that will arise out of all the documents provided, critically analyzing and applying the taxation treatment to the issues, i.e., you will need to argue and support your view and consider differing views (if applicable), and finally, indicate your recommended action based on your better view, i.e., your conclusion Be sure to consider all issues, including but not limited to issues that may not be as obvious, for example tax accounting, tax periods, potential levies, surcharges, offsets and substantiation requirements. You must ensure that your analysis used to determine your recommended action is fully supported with relevant authority, for example, tax legislation and case law. in ILAC ISSUE , LAW , APPLICATION AND CONCLUSION