In the matter of section 156(1)(a)(ii) of the Property Law Act 2007 (“Act”) and in the matter of a mortgage over goods under a a Onemax Facility Agreement dated 12 August 2022 and a Business Term Facility Agreement dated 12 September 2022 (“Security Agreement”) over the mortgaged goods described below.

Heartland Bank Limited being the mortgagee under the Security Agreement (“Mortgagee”), gives notice in accordance with section 156(1)(a)(ii) of the Property Law Act 2007 that it has entered into possession of the mortgaged goods described below (“Collateral”) on 15 August 2025, following the failure of the mortgagor, Pipe Vision Holdings Limited (in liquidation), to comply with the terms of the Security Agreement.

Description of Mortgaged Goods

Under the Onemax Facility Agreement, 03-1905-0143895-044, dated 12 August 2022 (“Onemax Agreement”):

1. 2016 Crawler/Tractor ROVION130, Serial No.: 5601460 along with other accessories;
2. 2016 Caterpillar 3017D Mini Excavator, Serial No.: CAT3017DELJH04187;
3. 2016 Toyota Hiace Zl Td 3.0D/5Mt/Lv/5D Light van, Registration No.: JTM471, VIN: JTFHT02P605021353;
4. 2020 HINO 300 Series 917 Tipper, Registration No.: 02/N203827, VIN: JHHUCT2HX0K033862;
5. 2014 Volvo Fm 500 8x4r Other Truck, Registration No.: HJT948, VIN: YV5JG30, VIN: YV5JG30G3ED137778;
6. 2021 Hino 300 Xzu710r Other Truck, VIN: JHHUCT2F80K037150;
7. 2021 Scania P360 P360b6x4-5613864 Other Truck, Registration No.: NQE360, VIN: YS2P6X40005613864;
8. 2021 CDE G:Max Dewatering Plant Model# B(s).32.75.15;
9. 2022 Bobcat L85 Compact Wheel Loader MA125316/D128376, Serial No.: B53C11439;
10. 2022 Bobcat Pallet Fork Teeth MZ127971/D131840, Model No.: 7352061
11. 2022 Bobcat Fork Frame MA127972/D131841, Model No.: 7353071;
12. 2022 Bobcat 190cm 0.8m3 Quick-Tach Bucket MA127973/D131842, Model No.: 7369957;
13. 2022 Vision Control VC500, Serial No.: 5983811;
14. 2022 RMX200, Serial No.: 5630740;
15. 2022 Crawler Rovion RX130, Serial No.: 5605118;
16. 2022 Pan & Tilt Camera Zoom RCX90, Serial No.: 5615152;
17. 2022 Camera Elevator RED200, Serial No.: 5643719;
18. 2022 Camera Elevator RED200, Serial No.: 5643661;
19. Cable reel rmx200 manual, Serial No.: 5630740
20. Auxiliary light led – ral130 new 2022 rx130, Serial No.: 5761428;
21. 2023 Ford Ranger XLT 2.0L 10spd Auto 4x4 BiT Dble C, Registration No.: PRS839, VIN: MNACMFF60NW254279;
22. 2014 Sany SY215C Longreach, Serial No.: 14SY021HP5798;
23. 2022 Ford Transit Custom 340S 1L PHEV, Registration No.: RPSK, VIN: WF0YXXTTGHNM82451;
24. 2022 Hino 300 Xjc710r Other Truck, Registration No.: PMK507, VIN: JHHUDJ2F50K005239;
25. SECA Rovion CCTV System including:
1. Vison Control VC500, Serial No.: 5983197;
2. Cable Reel RMX200 Manual, Serial No.: 5630711;
3. Crawler Rovion RX130, Serial No.: 5604580;
4. Pan & Tilt Camera Zoom RCX90, Serial No.: 5614698;
5. Camera Elevator Red200, Serial No.: 5643381 and Vision Report I I- standard;
26. 2020 Toyota Corolla Hybrid 1.8 Sedan 4Dr CVT 2WD, Registration No.: QDW299, VIN: 7AT0H607X23026859;
27. 2023 Toyota Hiace ZX Van, Registration No.: QEL352, VIN: JTFLA3CP106020671;
28. 2023 Toyota Hiace ZX Van, Registration No.: QEL351, VIN: JTFLA3CPX06020653;
29. 2023 Ford Ranger 2.0L Wildtrak X, Registration No.: QEH151, VIN: MPBCMFF60PX517166;
30. 2023 Ford Ranger 2.0L Wildtrak X, Registration No.: QFQ949, VIN: MPBCMFF60PX516879;
31. 2020 Porche Cayene, Registration No.: VI510N, VIN: WP1ZZZ9YZLDA52259;
32. 2024 Scania R560, Registration No.: LAND0, VIN: YS2R8X40009322946;
33. SECA Rovion CCTV System including:
1. Vison Control VC500, Serial No.: 5980409;
2. Cable Reel RMX200 Manual, Serial No.: 5630193;
3. Pan & Tilt Camera Zoom RCX90, Serial No.: 5612652;
4. Warthog magnum switcher, Serial No.: 0834;
34. iPEK CCTV Inspection System including:
1. Control unit, Serial No.: 5860171;
2. Cable reel, Serial No.: 5621067;
3. Camera head, Serial No.: 5611260;
4. Aux Lights, Serial No.: 5560141;
5. Crawler, Serial No.: 5601195; and
6. elevator kit, Serial No.: 5640871;
35. WINCAN Reporting program, Wincan Dongle, Serial No.: 9144
36. SECA Rovion CCTV System and all associated parts including:
1. Vison Control VC500, Serial No.: 5980378;
2. Cable Reel RMX200 Manual, Serial No.: 5630388;
3. Pan & Tilt Camera Zoom RCX90, Serial No.: 5612621;
4. Crawler RX95, Serial No.: 5550416;
5. Cable Reel RAX300, Serial No.: 5621988;
6. Crawler RX130, Serial No.: 5602609;
7. Pan & Tilt Camera RXC90, Serial No.: 5612623;
8. Camera Elevator RED200, Serial No.: 5641873;
9. Aux Lights Rovion 4x LED, Serial No.: 5560324;
37. Piping and machinery listed in Ibetech Pty Limited invoice dated 8 May 2024.

In relation to the Business Term Facility Agreement, 03-1905-0143895-046, dated 12 September 2022 (“Term Facility Agreement”):

1. 2013 Toyota Hiace ZX Light Van, Registration No.: HDA904, VIN: JTFPT22P100011737;
2. 2013 Toyota Hiace ZX Light Van, Registration No.: HDA905, VIN: JTFPT22P400011747;
3. 2014 Toyota Hiace ZX Light Van, Registration No.:HSH273, VIN: JTFPT22P800013386;
4. 2018 Holden Colorado LS Utility, Registration No.: LHB520, VIN: MMU147DK0JH639178;
5. 2013 Scania R480 Truck, Registration No.: GZA477, VIN: YS2R8X40005314310;
6. 2013 Scania R480 Truck, Registration No.: GZA478, VIN: YS2R8X40005314330; and
7. 2013 Scania R480 Truck, Registration No.: GZA479, VIN: YS2R8X40005314350.

Address of Mortgagee

The registered address of the Mortgagee is Heartland Bank Limited, 35 Teed Street, New Market, Auckland.

The address to which communications relating to the collateral may be addressed is Anderson Lloyd, Floor 2, The Regent Building, 33 Cathedral Square, Christchurch 8011. Email: charlotte.webber@al.nz or vinnie.adams@al.nz.

Dated this 15th day of August 2025.

C. L. WEBBER, Solicitor for the Mortgagee.