Document:

Exhibit 10.6

 

 

 

Locafy
Limited

 

and

 

Computershare
Inc. and

Computershare
Trust Company, N.A., collectively, as

Warrant
Agent

 

 

 

Warrant
Agency Agreement

 

Dated
as of March [  ], 2022

 

    	 

     

    

 

WARRANT
AGENCY AGREEMENT

 

WARRANT
AGENCY AGREEMENT, dated as of March [  ], 2022 (“Agreement”), among Locafy Limited, a corporation incorporated under
the laws of Australia (the “Company”), Computershare Inc., a Delaware corporation (“Computershare”) and
Computershare Trust Company, N.A. a federally chartered trust company (collectively, with Computershare, the “Warrant Agent”).

 

W
I T N E S S E T H

 

WHEREAS,
pursuant to an offering by the Company registered with the Securities and Exchange Commission (the “Commission”)
of an aggregate of [  ] units (each a “Unit” and collectively, the “Units”), with
each Unit consisting of one share of the Company’s ordinary shares, no par value per share (the “Ordinary Shares”)
and one warrant to purchase one ordinary share (each a “Warrant” and collectively, the “Warrants”),
pursuant to an effective registration statement, as amended, on Form F-1 (File No. 333-262442) (the “Registration Statement”)
and prospectus (the “Prospectus”), the Company wishes to issue the Warrants in book-entry form entitling the respective
holders of the Warrants (the “Holders”, which term shall include a Holder’s transferees, successors and assigns
and “Holder” shall include, if the Warrants are held in “street name,” a Participant (as defined below) or a
designee appointed by such Participant) to purchase an aggregate of up to [  ] Ordinary Shares (including up to [  ]
Warrants subject to an option to purchase additional Ordinary Shares and/or Warrants granted to the underwriters by the Company described
in the Registration Statement) upon the terms and subject to the conditions hereinafter set forth (the “Offering”);

 

WHEREAS,
the Ordinary Shares and Warrants to be issued in connection with the Offering shall be immediately separable and will be issued separately,
but will be purchased together in the Offering; and

 

WHEREAS,
the Company wishes the Warrant Agent to act on behalf of the Company, and the Warrant Agent is willing so to act, in connection with
the issuance, registration, transfer, exchange, exercise and replacement of the Warrants and, in the Warrant Agent’s capacity as
the Company’s transfer agent, the delivery of the Warrant Shares (as defined below).

 

NOW,
THEREFORE, in consideration of the premises and the mutual agreements herein set forth, the parties hereby agree as follows:

 

Section
1. Certain Definitions. For purposes of this Agreement, the following terms have the meanings indicated:

 

(a)
“Business Day” means any day other than Saturday, Sunday or other day on which commercial banks in The City of New
York are authorized or required by law to remain closed; provided, however, for clarification, commercial banks shall not
be deemed to be authorized or required by law to remain closed due to “stay at home”, “shelter-in-place”, “non-essential
employee” or any other similar orders or restrictions or the closure of any physical branch locations at the direction of any governmental
authority so long as the electronic funds transfer systems (including for wire transfers) of commercial banks in The City of New York
are generally are open for use by customers on such day.

 

(b)
“Close of Business” on any given date means 5:00 p.m., New York City time, on such date; provided, however,
that if such date is not a Business Day it means 5:00 p.m., New York City time, on the next succeeding Business Day.

 

(c)
“Person” means an individual, corporation, association, partnership, limited liability company, joint venture, trust,
unincorporated organization, government or political subdivision thereof or governmental agency or other entity.

 

(d)
“Warrant Certificate” means a certificate substantially in the form attached hereto as Exhibit 1, issued to a holder,
representing Warrants to acquire such number of Warrant Shares as is indicated therein, and shall include a certificate for a Global
Warrant or a Definitive Warrant.

 

(e)
“Warrant Shares” means the Ordinary Shares underlying the Warrants and issuable upon exercise of the Warrants.

 

All
other capitalized terms used but not otherwise defined herein shall have the meaning ascribed to such terms in the Warrant Certificate. 

 

Section
2. Appointment of Warrant Agent. The Company hereby appoints the Warrant Agent to act as agent for the Company in accordance with
the express terms or conditions hereof (and no implied terms and conditions hereof), and the Warrant Agent hereby accepts such appointment.
The Company may from time to time appoint such Co-Warrant Agents as it may, in its sole discretion, deem necessary or desirable upon
ten (10) calendar days’ prior written notice to the Warrant Agent. The Warrant Agent shall have no duty to supervise, and shall
in no event be liable for the acts or omissions of, any such co-Warrant Agent. In the event the Company appoints one or more co-Warrant
Agents, the respective duties of the Warrant Agent and any co-Warrant Agent shall be as the Company shall reasonably determine, provided
that such duties and determination are consistent with the terms and provisions of this Agreement.

 

    	 

     

    

 

Section
3. Global Warrants.

 

(a)
The Warrants shall be issuable in book-entry form (the “Global Warrants”). All of the Warrants shall initially be
represented by one or more Global Warrants deposited with the Warrant Agent and registered in the name of Cede & Co., a nominee of
The Depository Trust Company (the “Depositary”), or as otherwise directed by the Depositary. Ownership of beneficial
interests in the Warrants shall be shown on, and the transfer of such ownership shall be effected through, records maintained by (i)
the Depositary or its nominee for each Global Warrant or (ii) institutions that have accounts with the Depositary (such institution,
with respect to a Warrant in its account, a “Participant”).

 

(b)
If the Depositary subsequently ceases to make its book-entry settlement system available for the Warrants, the Company may instruct the
Warrant Agent regarding other arrangements for book-entry settlement. In the event that the Warrants are not eligible for, or it is no
longer necessary to have the Warrants available in, book-entry form, the Warrant Agent shall provide written instructions to the Depositary
to deliver to the Warrant Agent for cancellation each Global Warrant, and the Company shall instruct the Warrant Agent in writing to
deliver to each Holder a Warrant Certificate.

 

(c)
A Holder has the right to elect at any time or from time to time a Warrant Exchange (as defined below) pursuant to a Warrant Certificate
Request Notice (as defined below). Upon written notice by a Holder to the Warrant Agent for the exchange of some or all of such Holder’s
Global Warrants for a separate certificate evidencing the same number of Warrants (such separate certificate, a “Definitive
Warrant”) , which request shall be in the form attached hereto as Annex A (a “Warrant Certificate Request Notice”
and the date of delivery of such Warrant Certificate Request Notice by the Holder, the “Warrant Certificate Request Notice Date”
and the deemed surrender upon delivery by the Holder of a number of Global Warrants for the same number of Warrants evidenced by a Definitive
Warrant, a “Warrant Exchange”), the Warrant Agent shall promptly effect the Warrant Exchange and shall promptly issue
and deliver, at the expense of the Company, to the Holder a Definitive Warrant for such number of Warrants in the name set forth in the
Warrant Certificate Request Notice. Such Definitive Warrant shall be dated the original issue date of the Warrants and shall be manually
executed by an authorized signatory of the Company. In connection with a Warrant Exchange, the Company agrees to deliver, or to direct
the Warrant Agent to deliver, the Definitive Warrant to the Holder within five (5) Business Days of the Warrant Certificate Request Notice
pursuant to the delivery instructions in the Warrant Certificate Request Notice (“Warrant Certificate Delivery Date”).
If the Company fails for any reason to deliver to the Holder the Definitive Warrant subject to the Warrant Certificate Request Notice
by the Warrant Certificate Delivery Date, the Company shall pay to the Holder, in cash, as liquidated damages and not as a penalty, for
each $1,000 of Warrant Shares evidenced by such Definitive Warrant (based on the VWAP (as defined in the Warrant) of the Ordinary Shares
on the Warrant Certificate Request Notice Date), $5.00 per Business Day (increasing to $10.00 per Business Day on the fifth Business
Day after such liquidated damages begin to accrue) for each Business Day after such Warrant Certificate Delivery Date until such Definitive
Warrant is delivered or, prior to delivery of such Definitive Warrant, the Holder rescinds such Warrant Exchange. In no event shall the
Warrant Agent be liable for the Company’s failure to deliver the Definitive Warrant by the Warrant Certificate Delivery Date. The
Company covenants and agrees that, upon the date of delivery of the Warrant Certificate Request Notice, the Holder shall be deemed to
be the holder of the Definitive Warrant and, notwithstanding anything to the contrary set forth herein, the Definitive Warrant shall
be deemed for all purposes to contain all of the terms and conditions of the Warrants evidenced by such Definitive Warrant and the terms
of this Agreement, other than Section 3(c), shall not apply to the Warrants evidenced by a Definitive Warrant. In the event a beneficial
owner requests a Warrant Exchange, upon issuance of the paper Definitive Warrant, the Company shall act as warrant agent and the terms
of the paper Definitive Warrant so issued shall exclusively govern in respect thereof. For purposes of clarity, the Company and the Warrant
Agent acknowledge and agree that, with respect to: (i) the Definitive Warrants, the terms of the Warrant Certificate for the Definitive
Warrant shall set forth all the terms of the Definitive Warrants; and (ii) the Global Warrants, the terms of the Warrant Certificate
for the Global Warrant and the terms of this Agreement shall set forth all the terms of the Global Warrants; provided that, in the event
of any conflict between the Warrant Certificate and this Agreement, the Warrant Certificate shall control; and provided, further, that
all provisions with respect to the rights, duties, protections and liability of the Warrant Agent shall be determined and interpreted
solely by the provisions of this Agreement. For purposes of Regulation SHO, a holder whose interest in a Warrant is a beneficial interest
in a Global Warrant, shall be deemed to have exercised its interest in such Warrant upon instructing its broker that is a Participant
to exercise its interest in such Warrant, except that, if the date of exercise is a date when the stock transfer books of the Company
are closed, such person shall be deemed to have become the holder of such Warrant Shares at the open of business on the next succeeding
date on which the stock transfer books are open.

 

    	 

     

    

 

Section
4. Form of Warrant. The Warrants, together with the form of election to purchase Ordinary Shares (the “Exercise Notice”)
and the form of assignment to be printed on the reverse thereof, whether a Definitive Warrant or a Global Warrant, shall be substantially
in the form of Exhibit 1 hereto.

 

Section
5. Countersignature and Registration. The Warrants shall be executed on behalf of the Company by its Chief Executive Officer or
Chief Financial Officer, either manually or by facsimile signature. The Warrants (other than Definitive Warrants issued pursuant to a
Warrant Exchange, which shall not require a countersignature of the Warrant Agent) shall be countersigned by the Warrant Agent either
manually or by facsimile signature and shall not be valid for any purpose unless so countersigned. In case any officer of the Company
who shall have signed a Warrant shall cease to be such officer of the Company before countersignature by the Warrant Agent and issuance
and delivery by the Company, such Warrant, nevertheless, may be countersigned by the Warrant Agent, issued and delivered with the same
force and effect as though the person who signed such Warrant had not ceased to be such officer of the Company; and any Warrant may be
signed on behalf of the Company by any person who, at the actual date of the execution of such Warrant, shall be a proper officer of
the Company to sign such Warrant, although at the date of the execution of this Agreement any such person was not such an officer.

 

The
Warrant Agent will keep or cause to be kept, at one of its offices, or at the office of one of its agents, books for registration and
transfer of the Warrant Certificates issued hereunder, other than the Warrants evidenced by any Definitive Warrant. Such books shall
show the names and addresses of the respective Holders of the Warrant Certificates, the number of warrants evidenced on the face of each
of such Warrant Certificate and the date of each of such Warrant Certificate. The Warrant Agent will create a special account for the
issuance of Warrant Certificates. For purposes of clarity, the Warrant Agent shall not be required to keep a book for registration and
transfer of Definitive Warrants.

 

Section
6. Transfer, Split Up, Combination and Exchange of Warrant Certificates; Mutilated, Destroyed, Lost or Stolen Warrant Certificates.
With respect to the Global Warrants, subject to the provisions of the Warrant Certificate and the last sentence of this first paragraph
of Section 6 of this Agreement and subject to applicable law, rules or regulations, or any “stop transfer” instructions the
Company may give to the Warrant Agent, at any time after the closing date of the Offering, and at or prior to the Close of Business on
the Termination Date, any Warrant Certificate or Warrant Certificates or Global Warrant or Global Warrants may be transferred, split
up, combined or exchanged for another Warrant Certificate or Warrant Certificates or Global Warrant or Global Warrants, entitling the
Holder to purchase a like number of Ordinary Shares as the Warrant Certificate or Warrant Certificates or Global Warrant or Global Warrants
surrendered then entitled such Holder to purchase. Any Holder desiring to transfer, split up, combine or exchange any Warrant Certificate
or Global Warrant shall make such request in writing delivered to the Warrant Agent, and shall surrender the Warrant Certificate or Warrant
Certificates, together with the form of assignment and certificate duly executed and properly completed and such other documentation
that the Company or the Warrant Agent may reasonably request, to be transferred, split up, combined or exchanged at the office of the
Warrant Agent designated for such purpose, provided that no such surrender is applicable to the Holder of a Definitive Warrant. Any requested
transfer of Global Warrants shall be accompanied by reasonable evidence of authority of the party making such request that may be required
by the Warrant Agent. Thereupon the Warrant Agent shall, subject to the last sentence of this first paragraph of Section 6 of this Agreement,
countersign and deliver to the Person entitled thereto any Warrant Certificate or Global Warrant, as the case may be, as so requested.
The Company and the Warrant Agent may require payment from the Holder of a sum sufficient to cover any tax or governmental charge that
may be imposed in connection with any transfer, split up, combination or exchange of Warrants. The Warrant Agent shall not have any duty
or obligation to take any action under any section of this Agreement or any Warrant that requires the payment of taxes and/or charges
unless and until the Warrant Agent is reasonably satisfied that all such payments have been made.

 

Upon
receipt by the Warrant Agent of evidence reasonably satisfactory to it of the loss, theft, destruction or mutilation of a Warrant Certificate,
which evidence shall include an affidavit of loss, or in the case of mutilated certificates, the certificate or portion thereof remaining,
and, in case of loss, theft or destruction, of indemnity in customary form and amount, and reimbursement to the Warrant Agent of all
reasonable expenses incidental thereto, and upon surrender to the Warrant Agent and cancellation of the Warrant Certificate if mutilated,
the Company will make and deliver a new Warrant Certificate of like tenor to the Warrant Agent for delivery to the Holder in lieu of
the Warrant Certificate so lost, stolen, destroyed or mutilated; provided, however, that this Section 6(b) shall not apply to a Definitive
Warrant which shall be governed by the terms of the Warrant Certificate.

 

    	 

     

    

 

Section
7. Exercise of Warrants; Exercise Price; Termination Date.

 

(a)
The Warrants shall be exercisable commencing on the Initial Exercise Date. The Warrants shall cease to be exercisable and shall terminate
and become void, and all rights thereunder and under this Agreement shall cease, at or prior to the Close of Business on the Termination
Date. Subject to the foregoing and to Section 7(b) below, the Holder of a Warrant may exercise the Warrant in whole or in part upon providing
the items required by Section 7(c) below to the Warrant Agent at the principal office of the Warrant Agent or to the office of one of
its agents as may be designated by the Warrant Agent from time to time. In the case of the Holder of a Global Warrant, the Holder shall
deliver the executed Exercise Notice and payment of the Exercise Price pursuant to Section 2(a) of the Warrant. Notwithstanding any other
provision in this Agreement, a holder whose interest in a Global Warrant is a beneficial interest in a Global Warrant held in book-entry
form through the Depositary (or another established clearing corporation performing similar functions), shall effect exercises by delivering
to the Depositary (or such other clearing corporation, as applicable) the appropriate instruction form for exercise, complying with the
procedures to effect exercise that are required by the Depositary (or such other clearing corporation, as applicable).

 

(b)
Upon receipt of an Exercise Notice for a cashless exercise pursuant to Section 2(c) of the Warrant (each, a “Cashless Exercise”),
the Company will promptly calculate and transmit to the Warrant Agent the number of Warrant Shares issuable in connection with such Cashless
Exercise and deliver a copy of the Exercise Notice to the Warrant Agent, which shall issue such number of Warrant Shares in connection
with such Cashless Exercise.

 

(c)
Upon the Warrant Agent’s receipt of the appropriate instruction form for exercise complying with the procedures to effect exercise
of Global Warrants that are required by the Depositary, at or prior to the Close of Business on the Termination Date, accompanied by
payment of the Exercise Price pursuant to Section 2(a) of the Warrant, for the shares to be purchased (other than in the case of a Cashless
Exercise), an amount equal to any applicable tax, governmental charge or expense reimbursement referred to in Section 6 by wire transfer,
payable to the order of the Warrant Agent, the Company shall cause the Warrant Agent (or the transfer agent for the Ordinary Shares)
to deliver the Warrant Shares underlying such Warrant to be delivered to or upon the order of the Holder of such Warrant, registered
in such name or names as may be designated by such Holder, no later than the Warrant Share Delivery Date. If the Company is then a participant
in the DWAC system of the Depositary and either (A) there is an effective registration statement permitting the issuance of the Warrant
Shares to or resale of the Warrant Shares by Holder or (B) the Warrant is being exercised via Cashless Exercise, then the Warrant Shares
shall be transmitted by the Warrant Agent to the Holder by crediting the account of the Holder’s broker with the Depositary through
its DWAC system. For the avoidance of doubt, if the Company becomes obligated to pay any amounts to any Holders pursuant to Section 2(d)(i),
2(d)(iv) or 2(d)(v) of the Warrant, such obligation shall be solely that of the Company and not that of the Warrant Agent. Notwithstanding
anything else to the contrary in this Agreement, except in the case of a Cashless Exercise, if any Holder fails to duly deliver payment
to the Warrant Agent of an amount equal to the aggregate Exercise Price of the Warrant Shares to be purchased upon exercise of such Holder’s
Warrant as set forth in Section 7(a) hereof by the Warrant Share Delivery Date, the Company will not be obligated to cause the Warrant
Agent (or the transfer agent for the Ordinary Shares) to deliver any such Warrant Shares (via DWAC or otherwise) until following receipt
of such payment, and the applicable Warrant Share Delivery Date shall be deemed extended by one day for each day (or part thereof) until
such payment is delivered to the Warrant Agent. The Warrant Agent shall forward funds received for warrant exercises under this Agreement
within 5 Business Days from receipt by wire transfer to an account designated by the Company.

 

(d)
The Company acknowledges that all funds received by Computershare under this Agreement that are to be distributed or applied by Computershare
in the performance of services (the “Funds”) shall be held by Computershare as agent for the Company and deposited in one
or more bank accounts to be maintained by Computershare in its name as agent for the Company. Until paid pursuant to the terms of this
Agreement, Computershare will hold the Funds through such accounts in: deposit accounts of commercial banks with Tier 1 capital exceeding
$1 billion or with an average rating above investment grade by Standard and Poor’s Corporation (LT Local Issuer Credit Rating),
Moody’s Investors Service, Inc. (Long Term Rating) and Fitch Ratings, Inc. (LT Issuer Default Rating) (each as reported by Bloomberg
Finance L.P.). Computershare shall have no responsibility or liability for any diminution of the Funds that may result from any deposit
made by Computershare in accordance with this paragraph, including any losses resulting from a default by any bank, financial institution
or other third party. Computershare may from time to time receive interest, dividends or other earnings in connection with such deposits.
Computershare shall not be obligated to pay such interest, dividends or earnings to the Company, any Holder or any other Person. Holders
of Warrants that are in book entry or electronic form through DTC (or any successor depositary) shall not be required to deliver an ink-original
Exercise Notice or medallion guarantee (or other type of guarantee or notarization) of any Exercise Notice.

 

(e)
In case the Holder of any Warrant Certificate exercises fewer than all Warrants evidenced thereby and surrenders such Warrant Certificate
in connection with such partial exercise, a new Warrant Certificate evidencing the number of Warrant Shares equivalent to the number
of Warrant Shares remaining unexercised may be issued by the Company, and upon written instruction, countersigned by the Warrant Agent
and delivered to the Holder of such Warrant Certificate or to his duly authorized assigns in accordance with Section 2(d)(ii) of the
Warrant, subject to the provisions of Section 6 hereof; provided, however, that this Section 7(e) shall not apply to a Definitive Certificate,
which shall be governed by the terms of the Warrant Certificate.

 

    	 

     

    

 

(f)
Cost Basis Information.

 

(i)
In the event of a cash exercise of the Warrants, the Company hereby instructs the Warrant Agent to record cost basis for newly issued
Warrant Shares to be equal to the Exercise Price.

 

(ii)
In the event of a cashless exercise, the Company shall provide cost basis for Warrant Shares issued pursuant to a cashless exercise at
the time that the Company confirms the number of Warrant Shares issuable in connection with the cashless exercise to the Warrant Agent
pursuant to Section 7(b) hereof.

 

Section
8. Cancellation and Destruction of Warrant Certificates. All Warrant Certificates surrendered for the purpose of exercise, transfer,
split up, combination or exchange shall, if surrendered to the Company or to any of its agents, be delivered to the Warrant Agent for
cancellation or in canceled form, or, if surrendered to the Warrant Agent, shall be canceled by it, and no Warrant Certificates shall
be issued in lieu thereof except as expressly permitted by any of the provisions of this Agreement. The Company shall deliver to the
Warrant Agent for cancellation and retirement, and the Warrant Agent shall so cancel and retire, any other Warrant Certificate purchased
or acquired by the Company otherwise than upon the exercise thereof. The Warrant Agent shall deliver all canceled Warrant Certificates
to the Company, or shall, at the written request of the Company, destroy such canceled Warrant Certificates, and in such case shall deliver
a certificate of destruction thereof to the Company, subject to any applicable law, rule or regulation requiring the Warrant Agent to
retain such canceled certificates.

 

Section
9. Certain Representations; Availability of Ordinary Shares or Cash.

 

(a)
This Agreement has been duly authorized, executed and delivered by the Company and, assuming due authorization, execution and delivery
hereof by the Warrant Agent, constitutes a valid and legally binding obligation of the Company enforceable against the Company in accordance
with its terms, and the Warrants have been duly authorized, executed and issued by the Company and, assuming due authentication thereof
by the Warrant Agent pursuant hereto and payment therefor by the Holders as provided in the Registration Statement, constitute valid
and legally binding obligations of the Company enforceable against the Company in accordance with their terms and entitled to the benefits
thereof; in each case except as enforceability may be limited by bankruptcy, insolvency, reorganization, moratorium and other similar
laws relating to or affecting creditors’ rights generally or by general equitable principles (regardless of whether such enforceability
is considered in a proceeding in equity or at law).

 

(b)
As of the date hereof and prior to the Offering, the authorized capital stock of the Company consists of an unlimited number of Ordinary
Shares, of which 18,598,414 Ordinary Shares are issued and outstanding. The Company has all necessary authorization to issue the maximum
number of Ordinary Shares issuable upon exercise of the Warrants, inclusive of any Warrants the Underwriter may acquire upon exercise
of its option to purchase additional Ordinary Shares and/or Warrants described in the Registration Statement. Except as disclosed in
the Registration Statement, there are no other outstanding obligations, warrants, options or other rights to subscribe for or purchase
from the Company any class of capital stock of the Company.

 

(c)
The Company has all necessary authorization to issue the maximum number of Ordinary Shares issuable upon exercise of the Warrants, inclusive
of any Warrants the Underwriter may acquire upon exercise of its option to purchase additional Ordinary Shares and/or Warrants described
in the Registration Statement.

 

(d)
The Warrant Agent will create a special account for the issuance of Ordinary Shares upon the exercise of Warrants.

 

(e)
The Company further covenants and agrees that it will pay when due and payable any and all federal and state transfer taxes and charges
which may be payable in respect of the original issuance or delivery of the Warrant Certificates or the Warrant Shares upon exercise
of the Warrants. The Company shall not, however, be required to pay any tax or governmental charge which may be payable in respect of
any transfer involved in the transfer or delivery of Warrant Certificates or the issuance or delivery of Warrant Shares in a name other
than that of the Holder of the Warrant Certificate evidencing Warrants surrendered for exercise or to issue or deliver any Warrant Shares
upon the exercise of any Warrants until any such tax or governmental charge shall have been paid (any such tax or governmental charge
being payable by the Holder of such Warrant Certificate at the time of surrender) or until it has been established to the Company’s
reasonable satisfaction that no such tax or governmental charge is due. The Warrant Agent shall not have any duty or obligation to take
any action under any section of this Agreement or any Warrant that requires the payment of taxes and/or charges unless and until the
Warrant Agent is reasonably satisfied that all such payments have been made.

 

    	 

     

    

 

(f)
The Company shall provide to the Warrant Agent one or more opinion(s) of counsel prior
to the Effective Time, which opinion shall state (i) that the Warrants and the Warrant Shares are, as applicable, registered, or subject
to a valid exemption from registration, under the Securities Act of 1933, as amended, and (ii) the Warrant Shares, when issued and paid
for upon the exercise of the Warrants as contemplated by the Warrants, will be validly issued, fully paid and non-assessable.

 

Section
10. Record Date of the Ordinary Shares. Upon delivery of an Exercise Notice, the applicable Holder shall be deemed to have become
the holder of record for the Warrant Shares pursuant to Section 2(d)(i) of the Warrants.

 

Section
11. Adjustment of Exercise Price, Number of Ordinary Shares or Number of the Company Warrants. The Exercise Price, the number
of shares covered by each Warrant and the number of Warrants outstanding are subject to adjustment from time to time as provided in Section
3 of the Warrant. In the event that at any time, as a result of an adjustment made pursuant to Section 3 of the Warrant, the Holder of
any Warrant thereafter exercised shall become entitled to receive any shares of capital stock of the Company other than Ordinary Shares,
thereafter the number of such other shares so receivable upon exercise of any Warrant shall be subject to adjustment from time to time
in a manner and on terms as nearly equivalent as practicable to the provisions with respect to the shares contained in Section 3 of the
Warrant. All Warrants originally issued by the Company subsequent to any adjustment made to the Exercise Price pursuant to the Warrant
shall evidence the right to purchase, at the adjusted Exercise Price, the number of Ordinary Shares purchasable from time to time hereunder
upon exercise of the Warrants, all subject to further adjustment as provided herein. The Warrant Agent shall have no obligation under
any Section of this Agreement to determine whether an event leading to an adjustment described in Section 11 or Section 12 of this Agreement
has occurred or to calculate any of the adjustments set forth herein.

 

Section
12. Certification of Adjusted Exercise Price or Number of Ordinary Shares. Whenever the Exercise Price or the number of Ordinary
Shares issuable upon the exercise of each Warrant is adjusted as provided in Section 11 or 13 of this Agreement, the Company shall (a)
promptly prepare a certificate to the Warrant Agent and each transfer agent for the Ordinary Shares setting forth the Exercise Price
of each Warrant as so adjusted, and a brief statement of the facts accounting for such adjustment, (b) promptly deliver to the Warrant
Agent and with each transfer agent for the Ordinary Shares a copy of such certificate and (c) instruct the Warrant Agent to send a brief
summary thereof to each Holder of a Warrant. The Warrant Agent shall be fully protected in relying on such certificate and on any adjustment
or statement contained therein and shall have no duty or liability with respect to, and shall not be deemed to have knowledge of any
such adjustment or any such event unless and until it shall have received such certificate.

 

Section
13. Fractional Shares.

 

(a)
The Company shall not issue fractions of Warrants or distribute a Global Warrant or Warrant Certificates that evidence fractional Warrants.
Whenever any fractional Warrant would otherwise be required to be issued or distributed, the actual issuance or distribution shall reflect
a rounding of such fraction down to the nearest whole Warrant.

 

(b)
The Company shall not issue fractions of Ordinary Shares upon exercise of Warrants or distribute stock certificates that evidence fractional
Ordinary Shares. Whenever any fraction of an Ordinary Share would otherwise be required to be issued or distributed, the actual issuance
or distribution in respect thereof shall be made in accordance with Section 2(d)(v) of the Warrant.

 

Section
14. Conditions of the Warrant Agent’s Obligations. The Warrant Agent accepts its obligations herein set forth upon the terms
and conditions hereof, including the following to all of which the Company agrees and to all of which the rights hereunder of the Holders
from time to time of the Warrant shall be subject:

 

	 	(a)	Compensation
    and Indemnification. The Company agrees promptly to pay the Warrant Agent the compensation detailed on the fee schedule agreed
    between the Company and the Warrant Agent for all services rendered by the Warrant Agent and to reimburse the Warrant Agent for reasonable
    out-of-pocket expenses (including reasonable and documented counsel fees and other disbursements incurred in the preparation, delivery,
    negotiation, amendment, administration and execution of this Agreement and the exercise and performance of its duties hereunder)
    by the Warrant Agent in connection with the services rendered hereunder by the Warrant Agent. The Company also agrees to indemnify
    the Warrant Agent for, and to hold it harmless against, any loss, liability, damage, judgment, fine, penalty, claim, demand, settlement,
    cost or expense (including, without limitation, the reasonable and documented fees and expenses of legal counsel) that may be paid,
    incurred or suffered by it, or which it may become subject, without gross negligence, bad faith or willful misconduct on the part
    of the Warrant Agent (which gross negligence, bad faith, or willful misconduct must be determined by a final, non-appealable judgment
    of a court of competent jurisdiction), for any action taken, suffered, or omitted to be taken by the Warrant Agent in connection
    with the execution, acceptance, administration, exercise and performance of its duties under this Agreement, including the reasonable
    costs and expenses of defending against any claim of liability arising therefrom, directly or indirectly, or enforcing its rights
    hereunder (to the extent not included in the first sentence of this Section 14(a)). Notwithstanding anything in this Agreement to
    the contrary, any liability of the Warrant Agent under this Agreement will be limited to the amount of annual fees paid by the Company
    to the Warrant Agent during the twelve (12) months immediately preceding the event for which recovery from the Warrant Agent is being
    sought.

 

    	 

     

    

 

	 	(b)	Agent
    for the Company. In acting under this Agreement and in connection with the Warrants, the Warrant Agent is acting solely as agent
    of the Company and does not assume any obligations or relationship of agency or trust for or with any of the holders or beneficial
    owners of Warrants.
	 	 	 
	 	(c)	Counsel.
    The Warrant Agent may consult with counsel satisfactory to it, which may include counsel for the Company, and the written advice
    of such counsel shall be full and complete authorization and protection in respect of any action taken, suffered or omitted by it
    hereunder in the absence of bad faith and in accordance with the advice of such counsel.
	 	 	 
	 	(d)	Documents.
    The Warrant Agent shall be protected and shall incur no liability for or in respect of any action taken or omitted by it in reliance
    upon any Warrant Certificate, notice, direction, consent, certificate, affidavit, statement or other paper or document reasonably
    believed by it to be genuine and to have been presented or signed by the proper parties.
	 	 	 
	 	(e)	Certain
    Transactions. The Warrant Agent, and its Affiliates, officers, directors and employees, may become the owner of, or acquire any
    interest in, Warrants or the Ordinary Shares with the same rights that it or they would have if it were not the Warrant Agent hereunder,
    and, to the extent permitted by applicable law, it or they may engage or be interested in any financial or other transaction with
    the Company and may act on, or as depositary, trustee or agent for, any committee or body of holders of Warrants or other securities
    or obligations of the Company as freely as if it were not the Warrant Agent hereunder. Nothing in this Agreement shall be deemed
    to prevent the Warrant Agent from acting as trustee under any indenture to which the Company is a party.
	 	 	 
	 	(f)	No
    Liability for Interest. Unless otherwise agreed with the Company, the Warrant Agent shall have no liability for interest on any
    monies at any time received by it pursuant to any of the provisions of this Agreement or of the Warrant Certificates.
	 	 	 
	 	(g)	No
    Liability for Invalidity. The Warrant Agent shall have no liability with respect to any invalidity of this Agreement or any of
    the Warrant Certificates (except as to the Warrant Agent’s countersignature thereon).
	 	 	 
	 	(h)	No
    Responsibility for Representations. The Warrant Agent shall not be responsible for any of the recitals or representations herein
    or in the Warrant Certificates (except as to the Warrant Agent’s countersignature thereon), all of which are made solely by
    the Company.
	 	 	 
	 	(i)	No
    Implied Obligations. The Warrant Agent shall be obligated to perform only such duties as are herein and in the Warrants specifically
    set forth and no implied duties or obligations shall be read into this Agreement or the Warrants against the Warrant Agent. The Warrant
    Agent shall not be under any obligation to take any action hereunder which may tend to involve it in any expense or liability, the
    payment of which within a reasonable time is not, in its reasonable opinion, assured to it. The Warrant Agent shall not be accountable
    or under any duty or responsibility for the use by the Company of any of the Warrants authenticated by the Warrant Agent and delivered
    by it to the Company pursuant to this Agreement or for the application by the Company of the proceeds of the Warrants. The Warrant
    Agent shall have no duty or responsibility in case of any default by the Company in the performance of its covenants or agreements
    contained herein or in the Warrants or in the case of the receipt of any written demand from a Holder of a Warrant Certificate with
    respect to such default, including, without limiting the generality of the foregoing, any duty or responsibility to initiate or attempt
    to initiate any proceedings at law.
	 	 	 
	 	(j)	No
    Special Damages. Warrant Agent shall be liable for any consequential, indirect, punitive, special or incidental damages under
    any provisions of this Agreement or for any consequential, indirect, punitive, special or incidental damages arising out of any act
    or failure to act hereunder even if Warrant Agent has been advised of or has foreseen the possibility of such damages.
	 	 	 
	 	(k)	Medallion
    Guarantee. The Warrant Agent may rely on and be fully authorized and protected in acting or failing to act upon (a) any guaranty
    of signature by an “eligible guarantor institution” that is a member or participant in the Securities Transfer Agents
    Medallion Program or other comparable “signature guarantee program” or insurance program in addition to, or in substitution
    for, the foregoing; or (b) any law, act, regulation or any interpretation of the same even though such law, act, or regulation may
    thereafter have been altered, changed, amended or repealed.

 

    	 

     

    

 

	 	(l)	Ambiguity.
    In the event the Warrant Agent believes any ambiguity or uncertainty exists hereunder or in any notice, instruction, direction, request
    or other communication, paper or document received by the Warrant Agent hereunder, the Warrant Agent, may, in its sole discretion,
    refrain from taking any action, and, so long as it promptly notifies the Company as well as the Person who provided any of the foregoing
    of such ambiguity, shall be fully protected and shall not be liable in any way to Company, the holder of any Warrant or any other
    Person for refraining from taking such action, unless the Warrant Agent receives written instructions signed by the Company which
    eliminates such ambiguity or uncertainty to the satisfaction of Warrant Agent.
	 	 	 
	 	(m)	Survival.
    The rights and obligations of the parties set forth in this Section 14 and Section 16 of this Agreement shall survive the termination
    of the Warrants, the termination of this Agreement and the resignation, replacement or removal of the Warrant Agent.

 

Section
15. Purchase or Consolidation or Change of Name of Warrant Agent. Any Person into which the Warrant Agent or any successor Warrant
Agent may be merged or with which it may be consolidated, or any Person resulting from any merger or consolidation to which the Warrant
Agent or any successor Warrant Agent shall be party, or any Person succeeding to the corporate trust business of the Warrant Agent or
any successor Warrant Agent, shall be the successor to the Warrant Agent under this Agreement without the execution or filing of any
paper or any further act on the part of any of the parties hereto, provided that such Person would be eligible for appointment as a successor
Warrant Agent under the provisions of Section 17 of this Agreement. In case at the time such successor Warrant Agent shall succeed to
the agency created by this Agreement any of the Warrants shall have been countersigned but not delivered, any such successor Warrant
Agent may adopt the countersignature of the predecessor Warrant Agent and deliver such Warrants so countersigned; and in case at that
time any of the Warrants shall not have been countersigned, any successor Warrant Agent may countersign such Warrants either in the name
of the predecessor Warrant Agent or in the name of the successor Warrant Agent; and in all such cases such Warrants shall have the full
force provided in the Warrants and in this Agreement.

 

In
case at any time the name of the Warrant Agent shall be changed and at such time any of the Warrants shall have been countersigned but
not delivered, the Warrant Agent may adopt the countersignature under its prior name and deliver Warrants so countersigned; and in case
at that time any of the Warrants shall not have been countersigned, the Warrant Agent may countersign such Warrants either in its prior
name or in its changed name; and in all such cases such Warrants shall have the full force provided in the Warrants and in this Agreement.

 

Section
16. Duties of Warrant Agent. The Warrant Agent undertakes the duties and obligations imposed by this Agreement upon the following
terms and conditions, by all of which the Company, by its acceptance hereof, shall be bound:

 

(a)
The Warrant Agent may consult with legal counsel reasonably acceptable to the Company (who may be legal counsel for the Company), and
the opinion of such counsel shall be full and complete authorization and protection to the Warrant Agent as to any action taken or omitted
by it in the absence of bad faith and in accordance with such opinion.

 

(b)
Whenever in the performance of its duties under this Agreement the Warrant Agent shall deem it necessary or desirable that any fact or
matter be proved or established by the Company prior to taking or suffering any action hereunder, such fact or matter (unless other evidence
in respect thereof be herein specifically prescribed) may be deemed to be conclusively proved and established by a certificate signed
by the Chief Executive Officer or Chief Financial Officer of the Company; and such certificate shall be full authorization and protection
to the Warrant Agent, and the Warrant Agent shall incur no liability for or in respect of any action taken or suffered in the absence
of bad faith by it under the provisions of this Agreement in reliance upon such certificate.

 

(c)
Subject to the limitation set forth in Section 14 of this Agreement, the Warrant Agent shall be liable hereunder only for its own gross
negligence, bad faith or willful misconduct (each as determined by a final, non appealable judgment of a court of competent jurisdiction).

 

(d)
The Warrant Agent shall not be liable for or by reason of any of the statements of fact or recitals contained in this Agreement or in
the Warrants (except its countersignature thereof) by the Company or be required to verify the same, but all such statements and recitals
are and shall be deemed to have been made by the Company only.

 

(e)
The Warrant Agent shall not be under any responsibility in respect of the validity of this Agreement or the execution and delivery hereof
(except the due execution hereof by the Warrant Agent) or in respect of the validity or execution of any Warrant (except its countersignature
thereof); nor shall it be responsible for any breach by the Company of any covenant or condition contained in this Agreement or in any
Warrant; nor shall it be responsible for the adjustment of the Exercise Price or the making of any change in the number of Ordinary Shares
required under the provisions of Section 11 or 13 or responsible for the manner, method or amount of any such change or the ascertaining
of the existence of facts that would require any such adjustment or change (except with respect to the exercise of Warrants evidenced
by Warrant Certificates after actual notice of any adjustment of the Exercise Price); nor shall it by any act hereunder be deemed to
make any representation or warranty as to the authorization of any Ordinary Shares to be issued pursuant to this Agreement or any Warrant
or as to whether any Ordinary Shares will, when issued, be duly authorized, validly issued, fully paid and nonassessable.

 

    	 

     

    

 

(f)
Each party hereto agrees that it will perform, execute, acknowledge and deliver or cause to be performed, executed, acknowledged and
delivered all such further and other acts, instruments and assurances as may reasonably be required by the other party hereto for the
carrying out or performing by any party of the provisions of this Agreement.

 

(g)
The Warrant Agent shall not be obligated to expend or risk its own funds or to take any action that it believes would expose or subject
it to expense or liability or to a risk of incurring expense or liability, unless it has been furnished with assurances of repayment
or indemnity satisfactory to it.

 

(h)
The Warrant Agent is hereby authorized to accept instructions with respect to the performance of its duties hereunder from the Chief
Executive Officer or Chief Financial Officer of the Company, and to apply to such officers for advice or instructions in connection with
its duties, and it shall not be liable and shall be indemnified and held harmless for any action taken, suffered or omitted to be taken
by it in the absence of bad faith in accordance with instructions of any such officer, provided Warrant Agent carries out such instructions
without gross negligence, bad faith or willful misconduct (each as determined by a final, non appealable judgment of a court of competent
jurisdiction).

 

(i)
The Warrant Agent and any shareholder, director, officer or employee of the Warrant Agent may buy, sell or deal in any of the Warrants
or other securities of the Company or become pecuniarily interested in any transaction in which the Company may be interested, or contract
with or lend money to the Company or otherwise act as fully and freely as though it were not Warrant Agent under this Agreement. Nothing
herein shall preclude the Warrant Agent from acting in any other capacity for the Company or for any other legal entity.

 

(j)
The Warrant Agent may execute and exercise any of the rights or powers hereby vested in it or perform any duty hereunder either itself
or by or through its attorney or agents, and the Warrant Agent shall not be answerable or accountable for any act, default, neglect or
misconduct of any such attorney or agents or for any loss to the Company resulting from any such act, default, neglect or misconduct,
provided reasonable care was exercised in the selection and continued employment thereof.

 

Section
17. Change of Warrant Agent. The Warrant Agent may resign and be discharged from its duties under this Agreement upon 30 days’
notice in writing sent to the Company and, if such transfer agent is different than the Warrant Agent or an Affiliate, to each transfer
agent of the Ordinary Shares. In the event the transfer agency relationship in effect between the Company and the Warrant Agent terminates,
the Warrant Agent will be deemed to have resigned automatically and be discharged from its duties under this Agreement as of the effective
date of such termination, and the Company shall be responsible for sending any required notice thereunder. The Company may remove the
Warrant Agent or any successor Warrant Agent upon 30 days’ notice in writing, sent to the Warrant Agent or successor Warrant Agent,
as the case may be, and to each transfer agent of the Ordinary Shares, and to the Holders of the Warrant Certificates. If the Warrant
Agent shall resign or be removed or shall otherwise become incapable of acting, the Company shall appoint a successor to the Warrant
Agent. If the Company shall fail to make such appointment within a period of 30 days after such removal or after it has been notified
in writing of such resignation or incapacity by the resigning or incapacitated Warrant Agent or by the Holder of a Warrant Certificate
(who shall, with such notice, submit his Warrant Certificate for inspection by the Company), then the Holder of any Warrant Certificate
may apply to any court of competent jurisdiction for the appointment of a new Warrant Agent. Any successor Warrant Agent, whether appointed
by the Company or by such a court, shall be a Person (other than a natural person) organized and doing business under the laws of the
United States or of a state thereof, in good standing, which is authorized under such laws to exercise shareholder services powers and
is subject to supervision or examination by federal or state authority and which has at the time of its appointment as Warrant Agent
a combined capital and surplus (together with its Affiliates) of at least $50,000,000. After appointment, the successor Warrant Agent
shall be vested with the same powers, rights, duties and responsibilities as if it had been originally named as Warrant Agent without
further act or deed; but the predecessor Warrant Agent shall deliver and transfer to the successor Warrant Agent any property at the
time held by it hereunder, and execute and deliver any further assurance, conveyance, act or deed necessary for the purpose but such
predecessor Warrant Agent shall not be required to make any additional expenditure (without prompt reimbursement by the Company) or assume
any additional liability in connection with the foregoing. Not later than the effective date of any such appointment, the Company shall
file notice thereof in writing with the predecessor Warrant Agent and each transfer agent of the Ordinary Shares, and mail a notice thereof
in writing to the Holders of the Warrant Certificates. However, failure to give any notice provided for in this Section 17, or any defect
therein, shall not affect the legality or validity of the resignation or removal of the Warrant Agent or the appointment of the successor
Warrant Agent, as the case may be.

 

    	 

     

    

 

Section
18. Issuance of New Warrants. Notwithstanding any of the provisions of this Agreement or of the Warrants to the contrary, the
Company may, at its option, issue a new Global Warrant or Warrant Certificates, if any, evidencing Warrants in such form as may be approved
by its Board of Directors to reflect any adjustment or change in the Exercise Price per share and the number or kind or class of shares
of stock or other securities or property purchasable under the Global Warrant or Warrant Certificates, if any, made in accordance with
the provisions of this Agreement.

 

Section
19. Notices. Notices or demands authorized by this Agreement to be given or made (i) by the Warrant Agent or by the Holder of
any Warrant Certificate to or on the Company, (ii) subject to the provisions of Section 17, by the Company or by the Holder of any Warrant
Certificate to or on the Warrant Agent or (iii) by the Company or the Warrant Agent to the Holder of any Warrant Certificate, shall be
deemed given (a) on the date delivered, if delivered personally, (b) on the first Business Day following the deposit thereof with Federal
Express or another recognized overnight courier, if sent by Federal Express or another recognized overnight courier, (c) on the fourth
Business Day following the mailing thereof with postage prepaid, if mailed by registered or certified mail (return receipt requested),
and (d) the date of transmission, if such notice or communication is delivered via facsimile or email attachment at or prior to 5:30
p.m. (New York City time) on a Business Day and (e) the next Business Day after the date of transmission, if such notice or communication
is delivered via facsimile or email attachment on a day that is not a Business Day or later than 5:30 p.m. (New York City time) on any
Business Day (provided, however, that email notice shall not constitute effective notice to the Warrant Agent unless receipt is confirmed
in writing by the Warrant Agent, or, if no such confirmation is provided by the Warrant Agent, such email is followed by notice sent
by overnight courier service to be delivered on the next Business Day following such email), in each case to the parties at the following
addresses (or at such other address for a party as shall be specified by like notice):

 

	 	(a)	If
    to the Company, to:

 

Locafy
Limited

246A
Churchill Avenue

Subiaco,
Western Australia 6008, Australia

Email:
melvin.tan@locafy.com

Attention:
Chief Financial Officer

 

	 	(b)	If
    to the Warrant Agent, to:

 

Computershare
Inc.

Computershare
Trust Company, N.A.

1462
South 4th Street

Louisville,
KY 40202

Attention:
George Kalogrides

 

(c)
If to the Holder of any Warrant Certificate, to the address of such Holder as shown on the registry books of the Company. Any notice
required to be delivered by the Company to the Holder of any Warrant may be given by the Warrant Agent on behalf of the Company. Notwithstanding
any other provision of this Agreement, where this Agreement provides for notice of any event to a Holder of any Warrant Certificate,
for a Global Warrant, such notice shall be sufficiently given if given to the Depositary (or its designee) pursuant to the procedures
of the Depositary or its designee.

 

For
any notice delivered by email to be deemed given or made, such notice must be followed by notice sent by overnight courier service to
be delivered on the next business day following such email, unless the recipient of such email has acknowledged via return email receipt
of such email.

 

Section
20. Supplements and Amendments.

 

(a)
The Company and the Warrant Agent may from time to time modify, supplement or amend this Agreement without the approval of any Holders
of Warrant Certificates in order to cure any ambiguity, to correct or supplement any provision contained herein which may be defective
or inconsistent with any other provisions herein, or to make any other provisions with regard to matters or questions arising hereunder
which the Company and the Warrant Agent may deem necessary or desirable and which shall not adversely affect the interests of the Holders
of the Warrants Certificates in any material respect.

 

    	 

     

    

 

(b)
In addition to the foregoing, with the consent of Holders of Warrants entitled, upon exercise thereof, to receive not less than a majority
of the Ordinary Shares issuable thereunder, the Company and the Warrant Agent may supplement, amend or modify this Agreement for the
purpose of adding any provisions to or changing in any manner or eliminating any of the provisions of this Agreement or modifying in
any manner the rights of the Holders of the Warrant Certificates; provided, however, that no modification of the terms
(including but not limited to the adjustments described in Section 11 of this Agreement) upon which the Warrants are exercisable or reducing
the percentage required for consent to modification of this Agreement may be made without the consent of the Holder of each outstanding
warrant certificate affected thereby. As a condition precedent to the Warrant Agent’s execution of any supplement, amendment or
modification, the Company shall deliver to the Warrant Agent a certificate from a duly authorized officer of the Company that states
that the proposed amendment complies with the terms of this Section 20 of this Agreement. The Warrant Agent may, but shall not be obligated
to, execute any supplement, amendment or modification that affects the Warrant Agent’s own rights, duties or immunities.

 

Section
21. Successors. All covenants and provisions of this Agreement by or for the benefit of the Company or the Warrant Agent shall
bind and inure to the benefit of their respective successors and assigns hereunder.

 

Section
22. Benefits of this Agreement. Nothing in this Agreement shall be construed to give any Person other than the Company, the Holders
of Warrants and the Warrant Agent any legal or equitable right, remedy or claim under this Agreement; but this Agreement shall be for
the sole and exclusive benefit of the Company, the Warrant Agent and the Holders of the Warrant Certificates.

 

Section
23. Governing Law. This Agreement and each Warrant issued hereunder shall be governed by, and construed in accordance with, the
laws of the State of New York.

 

Section
24. Counterparts. This Agreement may be executed in any number of counterparts and each of such counterparts shall for all purposes
be deemed to be an original, and all such counterparts shall together constitute but one and the same instrument. A signature to this
Agreement transmitted electronically shall have the same authority, effect and enforceability as an original signature.

 

Section
25. Captions. The captions of the sections of this Agreement have been inserted for convenience only and shall not control or
affect the meaning or construction of any of the provisions hereof.

 

Section
26. Information. The Company agrees to promptly provide to the Holders of the Warrants any information it provides to all holders
of the Ordinary Shares, except to the extent any such information is publicly available on the EDGAR system (or any successor thereof)
of the Securities and Exchange Commission.

 

Section
27. Force Majeure. Notwithstanding anything to the contrary contained herein, Warrant Agent shall not be liable for any delays
or failures in performance resulting from acts beyond its reasonable control including, without limitation, acts of God, pandemics, epidemics,
terrorist acts, shortage of supply, breakdowns or malfunctions, interruptions or malfunction of computer facilities, or loss of data
due to power failures or mechanical difficulties with information storage or retrieval systems, labor difficulties, war, or civil unrest,
it being understood that the Warrant Agent shall use commercially reasonable efforts which are consistent with accepted practices in
the transfer agency industry to resume performance as soon as practicable under the circumstances.

 

Section
28. Further Assurances. The Company shall perform, acknowledge and deliver or cause to be performed, acknowledged and delivered
all such further and other acts, documents, instruments and assurances as may be reasonably required by the Warrant Agent for the carrying
out or performing by the Warrant Agent of the provisions of this Agreement.

 

Section
29. Confidentiality. The Warrant Agent and the Company agree that all books, records, information and data pertaining to the business
of the other party, including inter alia, personal, non-public warrant holder information, which are exchanged or received pursuant to
the negotiation or the carrying out of this Agreement including the fees for services to be provided by the Warrant Agent hereunder shall
remain confidential, and shall not be voluntarily disclosed to any other person, except as may be required by law, including, without
limitation, pursuant to subpoenas from state or federal government authorities (e.g., in divorce and criminal actions).

 

(Signature
Page Follows)

 

    	 

     

    

 

IN
WITNESS WHEREOF, the parties hereto have caused this Agreement to be duly executed as of the day and year first above written.

 

	 	 	LOCAFY
    LIMITED
	 	 	 	 
	 	 	By:	 
	 	 	Name:	Melvin
    Tan
	 	 	Title:	Chief
    Financial Officer
	 	 	 	 
	 	 	COMPUTERSHARE
    TRUST COMPANY, N.A. and
	 	 	COMPUTERSHARE
    INC., collectively as Warrant Agent
	 	 	 	 
	 	 	By:	         
	 	 	Name:	 
	 	 	Title:	 

 

[Signature
Page to Warrant Agency Agreement]

 

    	 

     

    

 

Annex
A: Form of Warrant Certificate Request Notice

 

WARRANT
CERTIFICATE REQUEST NOTICE

 

To:
Computershare Trust Company, N.A. and Computershare Inc., as Warrant Agent for Locafy Limited (the “Company”)

 

The
undersigned Holder of Ordinary Share Purchase Warrants (“Warrants”) in the form of Global Warrants issued by the Company
hereby elects to receive a Warrant Certificate evidencing the Warrants held by the Holder as specified below:

 

	1.	Name
    of Holder of Warrants in form of Global Warrants: _____________________________
	 	 
	2.	Name
    of Holder in Warrant Certificate (if different from name of Holder of Warrants in form of Global Warrants): ________________________________
	 	 
	3.	Number
    of Warrants in name of Holder in form of Global Warrants: ___________________
	 	 
	4.	Number
    of Warrants for which Warrant Certificate shall be issued: __________________
	 	 
	5.	Number
    of Warrants in name of Holder in form of Global Warrants after issuance of Warrant Certificate, if any: ___________
	 	 
	6.	Warrant
    Certificate shall be delivered to the following address:

 

______________________________

 

______________________________

 

______________________________

 

______________________________

 

The
undersigned hereby acknowledges and agrees that, in connection with this Warrant Exchange and the issuance of the Warrant Certificate,
the Holder is deemed to have surrendered the number of Warrants in form of Global Warrants in the name of the Holder equal to the number
of Warrants evidenced by the Warrant Certificate.

 

[SIGNATURE
OF HOLDER]

 

Name
of Investing Entity: ____________________________________________________

 

Signature
of Authorized Signatory of Investing Entity: ______________________________

 

Name
of Authorized Signatory: ________________________________________________

 

Title
of Authorized Signatory: _________________________________________________

 

Date:
_______________________________________________________________

 

    	A-1

     

    

 

Exhibit
1: Form of WarrantDocument

Exhibit 4.6
DESCRIPTION OF THE REGISTRANT’S SECURITIES
REGISTERED PURSUANT TO SECTION 12 OF THE
SECURITIES EXCHANGE ACT OF 1934

Jackson Financial Inc.’s Class A common stock, par value $0.01 per share, is registered under Section 12 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”).

DESCRIPTION OF CLASS A COMMON STOCK

The following description of our Class A common stock is a summary and does not purport to be complete. It is subject to and qualified in its entirety by reference to our Second Amended and Restated Certificate of Incorporation (the “Certificate of Incorporation”) and our Second Amended and Restated By-Laws (the “By-Laws”), each of which are filed as an exhibit to the Annual Report on Form 10-K of which this Exhibit 4.6 is a part. We encourage you to read our Certificate of Incorporation, our By-Laws and the applicable provisions of Delaware General Corporation Law, as amended (“DGCL”), for additional information.

Authorized Capital Stock

Our authorized capital stock consists of 900,000,000 shares of Class A common stock, par value $0.01 per share, 100,000,000 shares of Class B common stock, par value $0.01 per share, and 100,000,000 shares of undesignated preferred stock, par value $1.00 per share. As of March 2, 2022, 87,425,691 shares of our Class A common stock were issued and outstanding. As of March 2, 2022, there were no issued and outstanding shares of Class B common stock or preferred stock; and, consequently, the rights and preferences of those classes are not discussed in this description as they do not presently affect the rights of holders of the Class A common stock.  

Voting Rights

Except as required by applicable law or the rules and regulations of any stock exchange applicable to the Company and except with respect to the election of directors, the amendment of certain provisions of our Certificate of Incorporation and the amendment of our By-Laws, all matters to be voted on by shareholders at a meeting at which a quorum is present must be approved by the affirmative vote of a majority of the voting power of the shares of stock present in person or represented by proxy at the meeting and entitled to vote thereon. The election of directors at a meeting at which a quorum is present is determined by a plurality of the votes cast in respect of the shares present in person or represented by proxy at the meeting and entitled to vote, meaning that the number of nominee directors on the slate of candidates who receive the most votes of the shareholders present or represented by proxy and entitled to vote at the annual meeting will be the elected directors.  Shares of Class A common stock are entitled to one vote per share. 

Dividends

Holders of our Class A common stock are entitled to receive dividends out of any of our funds legally available therefor when, as and if declared by the Board of Directors in its discretion. 

Page 1 of 4

Liquidation

Under our Certificate of Incorporation, in the event of our dissolution, liquidation or winding-up of our affairs, whether voluntary or involuntary, after payment of the debts and liabilities of the Company, all our preferential amounts required to be paid to the holders of any series of preferred stock, our remaining assets legally available for distribution to common shareholders, if any, will be distributed among the holders of the shares of Class A common stock, pro rata based on the number of shares held by each such holder.

Other Rights and Preferences 

The holders of our Class A common stock do not have any preemptive, cumulative voting, subscription, conversion, redemption or sinking fund rights. The Class A common stock is not subject to future calls or assessments by us. The rights and privileges of holders of our Class A common stock are subject to any series of preferred stock that we may issue in the future.

Anti-Takeover Effects of our Certificate of Incorporation and By-Laws

Certain provisions of our Certificate of Incorporation and By-Laws may discourage or make more difficult a takeover attempt that a shareholder might consider to be in his or her best interest. These provisions may also adversely affect prevailing market prices for our Class A common stock.  These provisions are also designed, in part, to encourage persons seeking to acquire control of us to first negotiate with our Board of Directors, which could result in an improvement of their terms.

Authorized but Unissued Shares of Common Stock

As of March 2, 2022, approximately 87,425,691 shares of our Class A common stock were outstanding. The remaining shares of authorized and unissued Class A common stock will be available for future issuance without additional shareholder approval. While the additional shares are not designed to deter or prevent a change of control, under some circumstances we could use the additional shares to create voting impediments or to frustrate persons seeking to effect a takeover or otherwise gain control by, for example, issuing those shares in private placements to purchasers who might side with our board of directors in opposing a hostile takeover bid. 

Authorized but Unissued Shares of Preferred Stock

Under our Certificate of Incorporation, our board of directors has the authority, without further action by our shareholders, to issue up to 100,000,000 shares of preferred stock in one or more series and to fix the voting powers, designations, preferences and the relative participating, optional or other special rights and qualifications, limitations and restrictions of each series, including dividend rights, dividend rates, conversion rights, voting rights, terms of redemption, liquidation preferences and the number of shares constituting any series. The existence of authorized but unissued preferred stock could reduce our attractiveness as a target for an unsolicited takeover bid since we could, for example, issue shares of preferred stock to parties who might oppose such a takeover bid or shares that contain terms the potential acquiror may find unattractive. This may have the effect of delaying or preventing a change of control, may discourage bids for the Class A common stock at a premium over the market price of the Class A common stock, and may adversely affect the market price of, and the voting and other rights of the holders of, our Class A common stock.

Removal of Directors

Our By-Laws provide that directors may be removed, with or without cause, at any time upon the affirmative vote of holders of at least a majority of the voting power of the common stock then entitled to vote at an election of 
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directors. Any vacancy in the Board shall be filled by an affirmative vote of at least a majority of the directors then in office, even if less than a quorum, or by a sole remaining director.

Shareholders Advance Notice Procedure

Our By-Laws require advance notice for shareholders to make nominations of candidates for election as directors or to bring other business before an annual meeting of our shareholders. The By-Laws provide that any shareholders wishing to nominate persons for election as directors at, or bring other business before, an annual meeting must deliver to our corporate secretary a written notice of the shareholder’s intention to do so. These provisions may have the effect of precluding the conduct of certain business at a meeting if the proper procedures are not followed. We expect that these provisions may also discourage or deter a potential acquirer from conducting a solicitation of proxies to elect the acquirer’s own slate of directors or otherwise attempting to obtain control of our company. To be timely, the shareholder’s notice must be delivered to our corporate secretary at our principal executive offices not less than 90 days nor more than 120 days before the first anniversary date of the annual meeting for the preceding year; provided, however, that in the event that the annual meeting is set for a date that is more than 30 days before or more than 70 days after the first anniversary date of the preceding year’s annual meeting, a shareholder’s notice must be delivered to our corporate secretary (x) not less than 90 days nor more than 120 days prior to the meeting or (y) no later than the close of business on the 10th day following the day on which a public announcement of the date of the meeting is first made by us.

No Shareholder Action by Written Consent

Our Certificate of Incorporation prohibits shareholders from acting by written consent. Shareholder action may be taken only at an annual meeting or special meeting of shareholders.

Special Meetings of Shareholders

Except as otherwise required by law and subject to any rights granted to holders of preferred stock then outstanding, special meetings of shareholders for any purpose may be called only by the Chair of our board of directors, pursuant to a resolution of our board adopted by at least a majority of the directors then in office, or by our corporate secretary upon written request of one or more record holders representing ownership of 25% or more of the total combined voting power of the outstanding shares of common stock entitled to vote on the business to be brought before the proposed special meeting.

Delaware Anti-Takeover Law

As a Delaware corporation, we are subject to Section 203 of the DGCL. In general, Section 203 prohibits a publicly held Delaware corporation from engaging in a business combination with an ”interested shareholder” for a three-year period following the time that such shareholder becomes an interested shareholder, unless the business combination is approved in a prescribed manner. A “business combination” includes, among other things, a merger, asset or stock sale or other transaction resulting in a financial benefit to the interested shareholder. An “interested shareholder” is a person who, together with affiliates and associates, owns, or did own within three years prior to the determination of interested shareholder status, 15% or more of the corporation’s voting stock. Under Section 203, a business combination between a corporation and an interested shareholder is prohibited unless one of the following conditions is satisfied:

•before the shareholder became an interested shareholder, our board approved either the business combination or the transaction that resulted in the shareholder becoming an interested shareholder;

•upon consummation of the transaction that resulted in the shareholder becoming an interested shareholder,
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the interested shareholder owned at least 85% of the voting stock of the corporation outstanding at the time the transaction commenced, excluding, for purposes of determining the voting stock outstanding, shares owned by persons who are directors and officers; or

•at or after the time the shareholder became interested, the business combination was approved by our board and authorized at an annual or special meeting of the shareholders by the affirmative vote of at least two-thirds of the outstanding voting stock that is not owned by the interested shareholder.

This provision is expected to have an anti-takeover effect with respect to transactions not approved in advance by our Board, including discouraging attempts that might result in a premium over the market price for the shares of common stock held by our shareholders.

Insurance Regulations

The insurance laws and regulations of the various states in which our insurance subsidiaries are organized may delay or impede a business combination or other strategic transaction involving us. State insurance laws prohibit an entity from acquiring control of an insurance company without the prior approval of the domestic insurance regulator. Under most states’ statutes, an entity is presumed to have control of an insurance company if it owns, directly or indirectly, 10% or more of the voting stock of that insurance company or its parent company. These regulatory restrictions may delay, deter or prevent a potential merger or sale of our company, even if our board decides that it is in the best interests of shareholders for us to merge or be sold. These restrictions also may delay sales by us or acquisitions by third parties of our subsidiaries. 

Exchange Listing

Our Class A common stock is listed on the New York Stock Exchange under the trading symbol, “JXN”.

Transfer Agent and Registrar

The transfer agent and registrar for our Class A common stock is Equiniti Trust Company, 1110 Centre Pointe Curve, Suite 101, Mendota Heights, MN 55210.

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