Company: MOBBW
Filing Date: 2025-03-27
Form Type: 20-F
Source: 0001013762-25-003365
Chunk: 113

Company: Mobilicom Ltd
Filing Date: 2025-03-27
Form: 20-F
Item: Item 16G
Chunk 113
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ITEM 16G. CORPORATE GOVERNANCE

The Sarbanes-Oxley Act, as well as related rules subsequently implemented
by the SEC, require foreign private issuers, such as us, to comply with various corporate governance practices. In addition, following
the listing of our ordinary shares and warrants on Nasdaq, we are required to comply with Nasdaq Stock Market rules. Under those rules,
we may elect to follow certain corporate governance practices permitted under the applicable laws in Australia (the Corporations Act)
in lieu of compliance with corresponding corporate governance requirements otherwise imposed by the Nasdaq Stock Market rules for U. S.
domestic issuers.

In accordance with Australian
law and practice and subject to the exemption set forth in Rule 5615 of the Nasdaq Stock Market rules, we have elected to follow
the provisions of the applicable Australian law, rather than the Nasdaq Stock Market rules, with respect to the following requirements:

The Nasdaq listing rules allow
for a foreign private issuer, such as us, to follow its home country practices in lieu of certain of the Nasdaq’s corporate governance
standards. In connection with our Nasdaq Listing Application, we expect to rely on exemptions from certain corporate governance standards
that are contrary to the laws, rules, regulations or generally accepted business practices in Australia. These exemptions being sought
are described below:

  We rely on an exemption from the requirement that our independent directors meet regularly in executive sessions under Nasdaq Listing Rules. The Corporations Act do not require the independent ...  

  We rely on an exemption from the quorum requirements applicable to meetings of shareholders under Nasdaq Listing Rules. In compliance with Australian law, our Constitution provides that five sh...  
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  We rely on an exemption from the requirement prescribed by Nasdaq Listing Rules that issuers obtain shareholder approval prior to the issuance of securities in connection with certain acquisiti...  

  We rely on an exemption from the requirement that issuers must maintain charters for each of the following committees in compliance with Nasdaq Listing Rules: audit committee, nomination commit...  

  We rely on an exemption for the requirement that a majority of the board of directors be independent. Applicable Australian law does not require that a majority of the board of directors be ind...  

ITEM 16H. MINE SAFETY DISCLOSURE