Company: MOBBW
Filing Date: 2025-08-12
Form Type: POS AM
Source: 0001213900-25-074627
Chunk: 18

Company: Mobilicom Ltd
Filing Date: 2025-08-12
Form: POS AM
Chunk 18
---
ercisable by Directors

Pursuant to our Constitution,
the management and control of our business affairs are vested in our board of directors. Our board of directors has the power to raise
or borrow money, and charge any of our property or business or any uncalled capital, and may issue debentures or give any other security
for any of our debts, liabilities or obligations or of any other person, in each case, in the manner and on terms it deems fit subject
in all cases to the Corporations Act and other applicable laws.

Retirement of Directors

Pursuant to our Constitution,
at each annual general meeting the number closest to (but not exceeding) one-third of the directors, other than the managing director,
must retire. In addition, any director appointed by other directors in the year preceding the annual general meeting (and is not counted
in determining the number of directors who must retire by rotation). The director/s who retire by rotation will be the longest in office
since their last election/re-election or, in the case of directors appointed on the same date, the person agreed between them or determined
by lot. A director, other than the director who is the Chief Executive Officer, must retire from office at the conclusion of the third
annual general meeting after which the director was elected. Retired directors are eligible for a re-election to the board of directors
unless disqualified from acting as a director under the Corporations Act or our Constitution.

Rights and Restrictions on Classes of Shares

The rights attaching to our
ordinary shares are detailed in our Constitution. Our Constitution provides that our directors may issue shares with preferred, deferred
or other special rights, whether in relation to dividends, voting, return of share capital, or otherwise as our board of directors may
determine, however a new class of share with terms not expressly for in our Constitution will require shareholder approval. Subject to
any approval which is required from our shareholders under the Corporations Act (see “—Exemptions from Certain Nasdaq Corporate
Governance Rules” and “—Change of Control”), any rights and restrictions attached to a class of shares, we may
issue further shares on such terms and conditions as our board of directors resolve. Currently, our outstanding share capital consists
of only one class of ordinary shares.

Our Constitution allows us
at any time convert an ordinary share into a preference share and to convert a preference share into an ordinary share; however, the
Corporations Act requires that we obtain shareholder approval in connection with