Company: MOBBW
Filing Date: 2025-03-27
Form Type: 20-F
Source: 0001013762-25-003365
Chunk: 35

Company: Mobilicom Ltd
Filing Date: 2025-03-27
Form: 20-F
Item: Item 3
Chunk 35
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 voting by proxy. ADS holders, by comparison,
will not receive notice directly from us. Instead, in accordance with the deposit agreement, we will provide notice to the depositary
of any such shareholders meeting and details concerning the matters to be voted upon at least 45 days in advance of the meeting date.
If we so instruct, the depositary will mail to holders of ADSs the notice of the meeting and a statement as to the manner in which voting
instructions may be given by holders as soon as practicable after receiving notice from us of any such meeting. To exercise their voting
rights, ADS holders must then instruct the depositary as to voting the ordinary shares represented by their ADSs. Due to these procedural
steps involving the depositary, the process for exercising voting rights may take longer for ADS holders than for holders of ordinary
shares. The ordinary shares represented by ADSs with to which the depositary receives no timely voting instructions will not be voted.

The deposit agreement expressly limits our
obligations, the obligations of the depositary, and limits liability.

The deposit agreement relating
to the ADSs limits the obligations and liability as we and the depositary are only obligated to take the actions specifically set forth
in the deposit agreement, and we are not liable if performance of those obligations are prevented or delayed due to circumstances beyond
our control. Neither we nor the depositary are liable if we or it exercise discretion as permitted under the deposit agreement. Further,
we and the depositary are not liable for the inability of any holder of ADSs to benefit from any distribution or deposited securities
that is not made available to holders of ADSs under the terms of the deposit agreement, or for any special consequential or punitive damages
for any breach of the terms of the deposit agreement. Neither we nor the depositary have any obligation to become involved in a lawsuit
or other proceeding relating to the ADSs or the deposit agreement on your behalf. We are not liable for the acts or omissions of any securities
depository, clearing agency or settlement system and we may rely upon any documents we believe to be genuine and duly executed. As a holder
of ADSs, your ability to take action, seek damages or otherwise make a claim against us or the depositary are limited.

ADS holders may
not be entitled to a jury trial with respect to claims arising under the deposit agreement, which could result in less favorable outcomes
to the plaintiff(s) in any such action.

The
deposit agreement governing the ADSs provides that holders