Company: MOBBW
Filing Date: 2025-03-27
Form Type: 20-F
Source: 0001013762-25-003365
Chunk: 42

Company: Mobilicom Ltd
Filing Date: 2025-03-27
Form: 20-F
Item: Item 3
Chunk 42
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 preferences, privileges and restrictions of such preference shares by amending the Constitution
(although it should be noted that the amendment of the Constitution requires the approval of shareholders by a majority of not less than
75% of votes cast (directly or by proxy) at a shareholder meeting).

Our Constitution and Australian laws and
regulations applicable to us may adversely affect our ability to take actions that could be beneficial to our shareholders.

As an Australian company,
we are subject to different corporate requirements than a corporation organized under the laws of the states of the United States. Our
Constitution, as well as the Australian Corporations Act, set forth various rights and obligations that are unique to us as an Australian
company. These requirements may operate differently than those of many U. S. companies. You should carefully review the summary of these
matters set forth in our Constitution, which is included as an exhibit to this Annual Report on Form 20-F, prior to investing in our ADSs.

You will have limited ability to bring an
action against us or against our directors and officers, or to enforce a judgment against us or them, because we are incorporated in Australia
and certain of our directors and officers reside outside the United States.

We are incorporated in Australia,
the majority of our directors and officers reside outside the United States and substantially all of the assets of those persons are located
outside the United States. As a result, it may be impracticable or at least more expensive for you to bring an action against us or against
these individuals in Australia in the event that you believe that your rights have been infringed under the applicable securities laws
or otherwise. In addition, as a company incorporated in Australia, the provisions of the Corporations Act regulate the circumstances in
which shareholder derivative actions may be commenced, which may be different to the circumstances for companies incorporated in the United
States.

Further, it may not be possible
or practicable for you to effect service of process within the United States upon our officers or directors or to enforce against them
or against us judgments obtained in U. S. courts predicated upon the civil liability provisions of the federal securities laws of the United
States. Even if you are successful in bringing such an action, there is doubt as to whether Australian courts would enforce certain civil
liabilities under U. S. securities laws in original actions or judgments of U. S. courts based upon these civil liability provisions. In
addition, awards of punitive damages in actions brought in the United States or elsewhere