Company: MOBBW
Filing Date: 2025-08-12
Form Type: POS AM
Source: 0001213900-25-074627
Chunk: 37

Company: Mobilicom Ltd
Filing Date: 2025-08-12
Form: POS AM
Chunk 37
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If we or the depositary opposed a jury trial demand based on the waiver, the court would determine whether the waiver was enforceable
in the facts and circumstances of that case in accordance with applicable case law.

You will not, by agreeing
to the terms of the deposit agreement, be deemed to have waived our or the depositary’s compliance with U.S. federal securities
laws or the rules and regulations promulgated thereunder.

<div align='center'>22

DESCRIPTION OF WARRANTS</div>

PIPE Warrants

The
following is a brief summary of the PIPE Warrants issued in the January 2024 Private Placement and is subject in all respects to the
provisions contained in the PIPE Warrants, in the form filed as an exhibit to our Current Report on Form 6-K dated January 30, 2024.

Exercisability. The
January PIPE Warrants are exercisable at any time after their original issuance and at any time up to the date that is five years after
their original issuance. The PIPE Warrants will be exercisable, at the option of each holder, in whole or in part by delivering to us
a duly executed exercise notice and, at any time a registration statement registering the issuance of the ordinary shares underlying
the PIPE Warrants under the Securities Act is effective and available for the issuance of such shares, by payment in full in immediately
available funds for the number of ordinary shares purchased upon such exercise. If a registration statement is not effective or available
the holder may, in its sole discretion, elect to exercise the PIPE Warrants through a cashless exercise, in which case the holder would
receive upon such exercise the net number of ordinary shares determined according to the formula set forth in the PIPE Warrants. No fractional
shares will be issued in connection with the exercise of a PIPE Warrants. In lieu of fractional shares, we will pay the holder an amount
in cash equal to the fractional amount multiplied by the exercise price.

Exercise Limitation.
A holder will not have the right to exercise any portion of the PIPE Warrants if the holder (together with its affiliates) would beneficially
own in excess of 4.99% of the number of ordinary shares outstanding immediately after giving effect to the exercise, as such percentage
ownership is determined in accordance with the terms of the PIPE Warrants. However, any holder may increase or decrease such percentage
to any other percentage not in excess of 9.99%, provided that any increase in such percentage shall not