Company: MOBBW
Filing Date: 2025-03-27
Form Type: POS AM
Source: 0001013762-25-003381
Chunk: 38

Company: Mobilicom Ltd
Filing Date: 2025-03-27
Form: POS AM
Chunk 38
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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 be effective until 61 days following notice from the holder
to us.

Exercise Price. The exercise price per whole
ordinary share purchasable upon exercise of the PIPE Warrants is $1.55 per ADS. The exercise price is subject to appropriate adjustment
in the event of certain share dividends and distributions, share splits, share combinations, reclassifications or similar events affecting
our ordinary shares and also upon any distributions of assets, including cash, stock or other property to our shareholders.

Transferability. Subject to applicable laws,
the PIPE Warrants