Aggregate amount of payments to the parties included in item 1.2 292

Aggregate amount of loans to the parties included in item 1.10 -

Explanation necessary for an understanding of the transactions Payment to parties reported in 1.23:

Details of financing and investing transactions which have had a material effect on consolidated assets and liabilities but did not involve cash flows

Nil.

Details of outlays made by other entities to establish or increase their share in projects in which the reporting entity has an interest

Not Applicable

Financing facilities available

Add notes as necessary for an understanding of the position.

Notes:

5 million convertible notes were issued by Sundance Resources Ltd ('Company') on 6 February 2013 to Hanlong (Africa) Mining Investment Ltd ('Hanlong') at an issue price of $1.00 per note. The notes may be converted into underlying shares utilising a conversion price of the average daily volume weighted average price of Sundance shares traded on the ASX over the five trading days preceding the date of conversion. On 12 December 2014, Sundance advised that the Maturity Date for the Hanlong convertible notes had been extended from 31 December 2014 to 31 December 2015, and from 1 January 2015, Sundance will pay interest to Hanlong at the rate of 10% per annum on a quarterly basis on the outstanding convertible notes. Conversion may occur at any time until 31 December 2015 at the election of either Sundance or Hanlong. If the notes have not been converted they will be redeemed on 31 December 2015 at $1.00 per note,

$5 million in total.

The Company issued a convertible note with a face value of $20 million ('Noble Note') and 200 million free attaching options ('Noble Options') to Noble Resources International Pte Ltd ('Noble'), and $20 million through the issue of 200,000 convertible notes each with a face value of $100 ('Consortium Notes') and 260 million free attaching options ('Consortium Options') to an investor consortium made up of investment vehicles managed by Blackstone Alternative Solutions, L.L.C., the D. E. Shaw Group and Senrigan Capital ('Investor Consortium'). The Noble Note and Consortium Notes (together with 60 million free attaching Consortium Options with an exercise price of 10 cents) were issued on 4 November 2013 raising $40 million. 200 million free attaching Noble Options with an exercise price of 12 cents and 140 million free attaching Consortium Options with an exercise price of 10 cents and 60 million free attaching Consortium Options with an exercise price of 12 cents were issued on 3 December 2013 following shareholder approval.

On 30 September 2015 the Company announced that in-principle agreement has been reached with Noble and the Investor Consortium to extend the maturity date of the Noble and the Investor Consortium convertible notes due on 4 November 2015 to 23 September 2017. Some of the other key terms that will apply for each of the revised agreements are:

• The notes will be secured;

• No interest is payable on the notes;

• The notes may be converted into Sundance shares at a conversion price of $0.06. If the notes are not converted prior to the maturity date, they must be redeemed by the Company at 120% of face value; and

• The options are exercisable at $0.07 per option and expire on the earlier of 5pm (WST) on 23 September 2019 or the date which is 40 business days after the Company achieves Financial Close or when a Change of Control event occurs.

  In respect of the security being granted for these notes, it should be noted that this security will become second ranking in priority when it comes to financing the mine infrastructure.

  The Company signed the agreements to extend the maturity dates on 27 October 2015.

  These agreements to extend the maturity dates of the convertible notes due on 4 November 2015 to 23 September 2017 are subject to, among other things, shareholder approval. Sundance will seek approval from shareholders at the AGM to be held on 30 November 2015 and will apply to ASX for a waiver from Listing Rule 6.23.3 to the extent necessary.

  In order to facilitate the timing of all approvals required, including from Sundance shareholders, both Noble and the Investor Consortium have agreed to extend that maturity date of their existing notes from 4 November 2015 to 1 December 2015.

  
  

On 23 September 2014 Sundance issued 400,000 convertible notes to Wafin Limited ('Wafin') with an issue price of $100 per convertible note for a total investment of $40 million, maturing 36 months from the date of issue (23 September 2017). The Wafin Note is convertible at a price of 10 cents per Sundance share. If not converted into Sundance shares, these notes are redeemable at maturity for 130% of face value. Wafin received options over 260 million ordinary shares with an exercise price of 12 cents, which expire on the earlier of 60 months from issue, 20 business days after the project's Financial Close or a Change of Control Event. 50 million of these options not subject to Shareholder approval were issued on 23 September 2014, approval for the remaining 210 million options was received from shareholders at the Company's AGM held on 27 November 2014. For full details of the convertible notes issued to Wafin please refer to Sundance's ASX release dated 3 September 2014.