Company: MOBBW
Filing Date: 2025-03-27
Form Type: 20-F
Source: 0001013762-25-003365
Chunk: 81

Company: Mobilicom Ltd
Filing Date: 2025-03-27
Form: 20-F
Item: Item 6
Chunk 81
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 be made to Nasdaq for official quotation of the shares
issued on the exercise of the options or the conversion of other convertible Securities.

Assessed fair value of options
granted to personnel at their grant date is allocated equally over the period from grant date to vesting date, and the amount for the
2024 financial year is included in the remuneration table as set out above. Fair values at grant date are determined using the Black-Scholes
option pricing model that takes into account the exercise price, the term of the option, the impact of dilution, the share price at grant
date and expected price volatility of the underlying share, the expected dividend yield and the risk-free interest rate for the term of
the option. The expected price volatility is based on the historic volatility (based on the remaining life of the options), adjusted for
any expected changes to future volatility due to publicly available information.

As of March 26, 2025, we have
issued 67,250,000 options under the Plan to employees (including directors and/or their nominee(s)) and consultants of the Company at
an exercise price of $0.005, of which 750,000 options were vested as of such date. We have also issued an aggregate of 35,750,000 restricted
share units, or RSUs, to employees (including directors and/or their nominee(s)) and consultants of the Company, none of which have vested
as of such date.

All options and/or RSUs granted under the Plan are deemed to be granted
for no consideration.

F. Disclosure of a Registrant’s Action
to Recover Erroneously Awarded Compensation

There was no erroneously awarded compensation that was required to
be recovered pursuant to the Mobilicom Limited Executive Officer Clawback Policy during the fiscal year ended December 31, 2024.

ITEM 7. MAJOR SHAREHOLDERS AND RELATED PARTY TRANSACTIONS