Company: MOBBW
Filing Date: 2025-03-27
Form Type: 20-F
Source: 0001013762-25-003365
Chunk: 36

Company: Mobilicom Ltd
Filing Date: 2025-03-27
Form: 20-F
Item: Item 3
Chunk 36
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 and beneficial owners of ADSs, including those holders and owners who acquired
ADSs in secondary transactions, irrevocably waive the right to a trial by jury in any legal proceeding arising out of or relating to the
deposit agreement or the ADSs, including in respect of claims under federal securities laws, against us or the depositary to the fullest
extent permitted by applicable law. If this jury trial waiver provision is prohibited by applicable law, an action could nevertheless
proceed under the terms of the deposit agreement with a jury trial. To our knowledge, the enforceability of a jury trial waiver under
the federal securities laws has not been finally adjudicated by a federal court. However, we believe that a jury trial waiver provision
is generally enforceable under the laws of the State of New York, which govern the deposit agreement, by a court of the State of New York
or a federal court, which have non-exclusive jurisdiction over matters arising under the deposit agreement, applying such law. In determining
whether to enforce a jury trial waiver provision, New York courts and federal courts will consider whether the visibility of the jury
trial waiver provision within the agreement is sufficiently prominent such that a party has knowingly waived any right to trial by jury.
We believe that this is the case with respect to the deposit agreement and the ADSs. In addition, New York courts will not enforce a jury
trial waiver provision in order to bar a viable setoff or counterclaim sounding in fraud or one which is based upon a creditor’s
negligence in failing to liquidate collateral upon a guarantor’s demand, or in the case of an intentional tort claim (as opposed
to a contract dispute), none of which we believe are applicable in the case of the deposit agreement or the ADSs.

No
condition, stipulation or provision of the deposit agreement or ADSs serves as a waiver by any holder or beneficial owner of ADSs or by
us or the depositary of compliance with any provision of the federal securities laws. If you or any other holder or beneficial owner of
ADSs brings a claim against us or the depositary in connection with such matters, you or such other holder or beneficial owner may not
be entitled to a jury trial with respect to such claims, which may have the effect of limiting and discouraging lawsuits against us and/or
the depositary. If a lawsuit is brought against us and/or the depositary under the deposit agreement, it may be heard only by a judge
or justice of the applicable trial court