Company: MOBBW
Filing Date: 2025-03-27
Form Type: 20-F
Source: 0001013762-25-003365
Chunk: 43

Company: Mobilicom Ltd
Filing Date: 2025-03-27
Form: 20-F
Item: Item 3
Chunk 43
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 may be unenforceable in Australia or elsewhere
outside the United States. An award for monetary damages under U. S. securities laws would be considered punitive if it does not seek to
compensate the claimant for loss or damage suffered and is intended to punish the defendant. The enforceability of any judgment in Australia
will depend on the particular facts of the case as well as the laws and treaties in effect at the time. The United States and Australia
do not currently have a treaty or statute providing for recognition and enforcement of the judgments of the other country (other than
arbitration awards) in civil and commercial matters. As a result, ADS holders may have more difficulty in protecting their interests through
actions against us, our management or our directors than would shareholders of a corporation incorporated in a jurisdiction in the United States.

You may not be able to participate in rights
offerings and may experience dilution of your holdings as a result.

We may from time to time distribute
rights to our shareholders, including rights to acquire our securities. However, we may not, and under the deposit agreement, the depositary
will not, offer those rights to ADS holders unless both the rights and the underlying securities to be distributed to ADS holders are
registered under the Securities Act, or the distribution of them to ADS holders is exempted from registration under the Securities Act
with respect to all holders of ADSs. We are under no obligation to file a registration statement with respect to any such rights or underlying
securities or to endeavor to cause such a registration statement to be declared effective. In addition, we may not be able to rely on
an exemption from registration under the Securities Act to distribute such rights and securities. Accordingly, holders of ADSs may be
unable to participate in our rights offerings and may experience dilution in their holdings as a result.

Australian companies may not be able to
initiate shareholder derivative actions, thereby depriving shareholders of the ability to protect their interests.

Australian companies may not
have standing to initiate a shareholder derivative action in a federal court of the United States. The circumstances in which any such
action may be brought, and the procedures and defenses that may be available in respect to any such action, may result in the rights of
shareholders of an Australian company being more limited than those of shareholders of a company organized in the United States. Accordingly,
shareholders may have fewer alternatives available to them if they believe that corporate wrongdoing has occurred. Australian courts are
also unlikely to recognize or