Document:

Exhibit
4.1

 

Deed
Poll

Constituting
Convertible Loan Notes

 

between

 

Locafy
Limited ACN 136 737 767

(Company)

 

and

 

Each
Noteholder

 

    	 

     

    

 

Table
of contents

 

	1	Definitions
    and interpretation	2
	2	Constitution
    of the Notes	5
	3	Issue
    of Notes	6
	4	Interest,
    conversion, redemption and Disposal	6
	5	Note
    Certificates	6
	6	Register	7
	7	Obligations
    of the Company	7
	8	Amendment
    of the Deed	8
	9	Notices	8
	10	Counterparts	8
	11	Governing
    law and jurisdiction	8
	 	 	 
	Annexure
    A Note Certificate	10
	Annexure
    B Application Form	11
	Annexure
    C Note Terms 	12

 

    	 

    	Page 2

    

 

This
deed is made on 28 May 2021

 

	between	Locafy
    Limited ACN 136 737 767 of 246 Churchill Avenue, Subiaco, Western Australia (Company)
	 	 
	and	Each
    Noteholder

 

Recital

 

	A	The
    Company by resolution of the Board on or about the date of this Deed created 2,500,000 convertible loan notes of $1.00 each to be
    constituted under this Deed.

 

Now
it is covenanted and agreed as follows:

 

	1	Definitions
    and interpretation

 

 

	1.1	Definitions

 

In
this Deed, unless the context requires another meaning:

 

Application
Form means a form for the application for Notes substantially in the form set out as Annexure B.

 

Board
means the board of directors of the Company from time to time.

 

Business
Day means a day that is not a Saturday or Sunday or a public holiday or a bank holiday in Perth, Australia.

 

Corporations
Act means the Corporations Act 2001 (Cth).

 

Dollars
and $ means the lawful currency of Australia.

 

Event
of Default means in respect of any Group Company, the occurrence of an Insolvency Event.

 

Face
Value means, in relation to each Note, $1.00.

 

Facility
Amount means $2,500,000 less the aggregate principal amount outstanding on the issued Notes from time to time.

 

Government
Agency means, whether foreign or domestic:

 

	 	(a)	a
    government, whether federal, state, territorial or local or a department, office or minister of a government acting in that capacity;
    or
	 	 	 
	 	(b)	a
    commission, delegate, instrumentality, agency, board, or other government, semi-government, judicial, administrative, monetary or
    fiscal body, department, tribunal, entity or authority, whether statutory or not, and includes any self-regulatory organisation established
    under statute or any stock exchange.

 

Group
means the Company and its Subsidiaries from time to time and Group Company means any of them.

 

GST
has the meaning given in the A New Tax System (Goods and Services Tax) Act 1999 (Cth).

 

    	 

    	Page 3

    

 

Insolvency
Event means the happening of one or more of the following events:

 

	 	(a)	except
    for the purpose of a solvent reconstruction or amalgamation which has the prior written consent of the Noteholder Majority:

 

	 	(i)	process
    is filed in a court seeking an order that the Group Company be wound up or that a Controller be appointed to it or any of its assets,
    unless the application is withdrawn, struck out or dismissed within 7 days of it being filed; or
	 	 	 
	 	(ii)	an
    order is made that the Group Company be wound up or that a Controller be appointed to it or any of its assets; or
	 	 	 
	 	(iii)	a
    resolution that the Group Company be wound up is passed or proposed by the shareholders of the Group Company;

 

	 	(b)	a
    liquidator, provisional liquidator, Controller or any similar official is appointed to, or takes possession or control of, all or
    any of the Group Company’s assets or undertaking;
	 	 	 
	 	(c)	an
    administrator is appointed to the Group Company, a resolution that an administrator be appointed to it is passed or proposed, or
    any other steps are taken to appoint an administrator to it;
	 	 	 
	 	(d)	the
    Group Company enters into, or resolves to enter into, an arrangement, compromise or composition with any of, or any class of, its
    creditors or members, or an assignment for the benefit of any of, or any class of, its creditors, or process is filed in a court
    seeking approval of any such arrangement, compromise or composition;
	 	 	 
	 	(e)	a
    reorganisation, moratorium, deed of company arrangement or other administration involving one or more of the Group Company’s
    creditors is proposed or effected or by reason of financial difficulties it begins negotiations with one or more of its creditors
    with a view to readjustment or rescheduling of any of its indebtedness;
	 	 	 
	 	(f)	any
    action is taken by the Australian Securities and Investments Commission with a view to the Group Company’s deregistration or
    its dissolution, or an application is made to the Australian Securities and Investments Commission that any such action be taken;
	 	 	 
	 	(g)	the
    Group Company is insolvent within the meaning of section 95A of the Corporations Act, as disclosed in its accounts or otherwise,
    states that it is unable to pay its debts or it is presumed to be insolvent under any applicable law;
	 	 	 
	 	(h)	as
    a result of the operation of section 459F(1) of the Corporations Act, the Group Company is taken to have failed to comply with a
    statutory demand;
	 	 	 
	 	(i)	the
    Group Company stops or suspends or threatens to stop or suspend the payment of all or a class of its debts or the conduct of all
    or a substantial part of its business;
	 	 	 
	 	(j)	any
    event or circumstance set out in section 461 of the Corporations Act occurs in relation to the Group Company; or
	 	 	 
	 	(k)	anything
    having a substantially similar effect to any of the events specified in paragraphs (a) to (j) inclusive happens to the Group Company
    under the law of any jurisdiction.

 

Maturity
Date has the meaning given to that term in the Terms.

 

Noteholder
means a person whose name is entered in the Register as the holder of one or more Notes.

 

Noteholder
Majority means a Noteholder or Noteholders holding more than 50% of the total principal amount of the Notes outstanding at the relevant
time.

 

Note
Certificate means a certificate issued by the Company in respect of the Notes held by a Noteholder, substantially in the form set
out in Annexure A to the Deed.

 

    	 

    	Page 4

    

 

Notes
means convertible loan notes of $1.00 each created by the Company, having the rights and being subject to the restrictions in the
Terms and Note means any one of them.

 

Office
means the registered office of the Company.

 

Register
means the register of noteholders kept by the Company in accordance with clause 6.

 

Subsidiary
means a subsidiary (as that term is defined in the Corporations Act) of the Company

 

Tax
means:

 

	 	(a)	a
    tax, levy, charge, impost, deduction, withholding or duty of any nature (including stamp and transaction duty and GST) at any time
    imposed or levied by any Government Agency or required to be remitted to, or collected, withheld or assessed by, any Government Agency;
    and
	 	 	 
	 	(b)	any
    related interest, expense, fine, penalty or other charge on those amounts,

 

and
includes any amount that a person is required to pay to another person on account of that other person’s liability for Tax.

 

Term
means the terms of the Notes as set out in Annexure C as amended from time to time be amended in accordance with those terms.

 

Unless
the context otherwise requires, words and expressions defined in the Terms and not separately defined in this Deed have the same meanings
where used in this Deed.

 

	1.2	Interpretation

 

In
this Deed:

 

	 	(a)	unless
    the context otherwise requires, a reference:

 

	 	(i)	to
    the singular includes the plural and vice versa;
	 	 	 
	 	(ii)	to
    a gender includes all genders;
	 	 	 
	 	(iii)	to
    a document (including this Deed) is a reference to that document (including any schedules, Terms and annexures) as amended, consolidated,
    supplemented, novated or replaced;
	 	 	 
	 	(iv)	to
    an agreement includes any undertaking, representation, deed, agreement or legally enforceable arrangement or understanding whether
    written or not;
	 	 	 
	 	(v)	to
    parties means the parties to this Deed and in whose favour this Deed is given and to a party means a party to this Deed or in whose
    favour this Deed is given;
	 	 	 
	 	(vi)	to
    an item, recital, clause, schedule or annexure is to an item, recital, clause, schedule or annexure of or to this Deed;
	 	 	 
	 	(vii)	to
    a notice means all notices, approvals, demands, requests, nominations or other communications given by one party to another under
    or in connection with this Deed;
	 	 	 
	 	(viii)	to
    a person (including any party) includes a reference to an individual, company, other body corporate, association, partnership, firm,
    joint venture, trust or Government Agency as the case requires;
	 	 	 
	 	(ix)	to
    a person (including any party) includes the person’s successors, permitted assigns, executors and administrators;

 

    	 

    	Page 5

    

 

	 	(x)	to
    a law:

 

	 	(A)	includes
    a reference to any constitutional provision, subordinate legislation, treaty, decree, convention, statute, regulation, rule, ordinance,
    proclamation, by-law, judgment, rule of common law or equity or rule of any applicable stock exchange;
	 	 	 
	 	(B)	is
    a reference to that law as amended, consolidated, supplemented or replaced; and
	 	 	 
	 	(C)	is
    a reference to any regulation, rule, ordinance, proclamation, by-law or judgment made under that law;

 

	 	(xi)	to
    liquidation includes official management, appointment of an administrator, compromise, arrangement, merger, amalgamation, reconstruction,
    winding-up, dissolution, assignment for the benefit of creditors, scheme, composition or arrangement with creditors, insolvency,
    bankruptcy, or any similar procedure or, where applicable, changes in the constitution of any partnership or person, or death;
	 	 	 
	 	(xii)	to
    a body, other than a party to this Deed (including, an institute, association or authority), whether statutory or not:

 

	 	(A)	which
    ceases to exist; or
	 	 	 
	 	(B)	whose
    powers or functions are transferred to another body,
	 	 	 
	 	(C)	is
    a reference to the body which replaces it or which substantially succeeds to its powers or functions;

 

	 	(xiii)	to
    proceedings includes litigation, arbitration and investigation;
	 	 	 
	 	(xiv)	to
    a judgment includes an order, injunction, decree, determination or award of any court or tribunal;
	 	 	 
	 	(xv)	the
    word including or includes means including, but not limited to, or includes, without limitation; and
	 	 	 
	 	(xvi)	to
    time is to Perth time;

 

	 	(b)	where
    a word or phrase is defined, its other grammatical forms have a corresponding meaning;
	 	 	 
	 	(c)	headings
    are for convenience only and do not affect interpretation;
	 	 	 
	 	(d)	if
    a payment or other act must (but for this clause) be made or done on a day which is not a Business Day, then it must be made or done
    on the next Business Day; and
	 	 	 
	 	(e)	if
    a period occurs from, after or before a day or the day of an act or event, it excludes that day.

 

	2	Constitution
    of the Notes

 

 

	2.1	The
    total principal amount of the Notes constituted by this Deed is limited to $2,500,000.
	 	 
	2.2	The
    Notes may be issued in amounts or integral multiples of $1.00.
	 	 
	2.3	The
    Company may from time to time, by resolution of the Board and on terms previously approved in writing by the Noteholder Majority,
    but subject always to this Deed, create and issue further Notes so as to form a single series with the original Notes constituted
    by this Deed and cancel any Notes created but unissued.

 

    	 

    	Page 6

    

 

	2.4	The
    Notes constituted by this Deed are held subject to the Terms, which are binding on the Company, each Noteholder and any person claiming
    through or under them. The Terms will have the same effect as if they were set out in this Deed.

 

	3	Issue
    of Notes

 

 

	3.1	Subject
    to clause 3.4, the Company may issue Notes at any time prior to the date being 28 days prior to the Maturity Date.
	 	 
	3.2	The
    Company may only issue Notes to parties which have completed and delivered to the Company an Application Form.
	 	 
	3.3	Upon
    the issue of any Notes under clause 3.1 the Company must:

 

	 	(a)	issue
    a Note Certificate to the Noteholder in accordance with clause 5; and
	 	 	 
	 	(b)	update
    the details of the Register in accordance with clause 6.

 

	3.4	The
    Company must not issue any Notes:

 

	 	(a)	while
    there is a subsisting Event of Default in respect of the Company; or
	 	 	 
	 	(b)	in
    excess of the Facility Amount.

 

if
issuing a Note would cause the value to exceed the Facility Amount

 

	4	Interest,
    conversion, redemption and Disposal

 

 

The
Notes:

 

	 	(a)	bear
    interest in accordance with Term 3;
	 	 	 
	 	(b)	are
    convertible in accordance with Term 4;
	 	 	 
	 	(c)	are
    redeemable in accordance with Term 6; and
	 	 	 
	 	(d)	may
    be disposed of in accordance with Term 7.

 

	5	Note
    Certificates

 

 

	5.1	The
    Company must issue to a person, at no cost to the Noteholder a Note Certificate for the total principal amount of all Notes registered
    in that person’s name on that person:

 

	 	(a)	becoming
    a Noteholder; or
	 	 	 
	 	(b)	acquiring
    additional Notes and upon delivering to the Company, in respect of all the existing Notes held by that person:

 

	 	(i)	the
    Note Certificate(s) for those Notes; or
	 	 	 
	 	(ii)	evidence
    reasonably satisfactory to the Company that the Note Certificate(s) for those Notes have been lost, stolen, worn out, defaced or
    destroyed and:

 

	 	(A)	in
    the case of a worn out or defaced Note Certificate, that certificate; and
	 	 	 
	 	(B)	in
    the case of a lost, stolen or destroyed Note Certificate, if requested by the Company, an indemnity from that person in respect of
    the lost, stolen or destroyed certificate on terms reasonably satisfactory to the Company.

 

    	 

    	Page 7

    

 

	5.2	When
    a Noteholder redeems, converts, sells, assigns, transfers or conveys one or more Notes the Company must issue, at no cost to the
    Noteholder, a Note Certificate for the balance of the total principal amount of the Notes retained by the Noteholder, within 5 Business
    Days of completion of the redemption, conversion, sale, assignment, transfer or conveyance, as applicable.

 

	5.3	The
    Company is not bound to:

 

	 	(a)	register
    more than four persons as joint holders of a Note; nor
	 	 	 
	 	(b)	issue
    more than one Note Certificate for a Note held jointly by two or more persons and delivery of a Note Certificate to one joint holder
    constitutes delivery to all joint holders.

 

	5.4	A
    Note Certificate must be:

 

	 	(a)	substantially
    in the form set out in Annexure A and must have the Terms endorsed on it; and
	 	 	 
	 	(b)	executed
    by or on behalf of the Company in accordance with the Constitution or in such other manner as may be permitted by the Corporations
    Act.

 

	5.5	If
    a Note Certificate is lost, stolen, worn out, defaced or destroyed, the Company must issue a duplicate certificate within a reasonable
    period of a request by a Noteholder, at no cost to the Noteholder, provided that the Noteholder delivers to the Company evidence
    reasonably satisfactory to the Company that the Note Certificate has been lost, stolen, worn out, defaced or destroyed and:

 

	 	(a)	in
    the case of a worn out or defaced Note Certificate, that certificate; and
	 	 	 
	 	(b)	in
    the case of a lost, stolen or destroyed Note Certificate, if requested by the Company, an indemnity from that Noteholder in respect
    of the lost, stolen or destroyed certificate on terms reasonably satisfactory to the Company.

 

	6	Register

 

 
 	6.1	The
    Company must keep the Register at the Office and enter in it:

 

	 	(a)	the
    name and address of each Noteholder;
	 	 	 
	 	(b)	the
    date on which each Noteholder was registered as a Noteholder;
	 	 	 
	 	(c)	the
    total principal amount of all Notes held by each Noteholder;
	 	 	 
	 	(d)	the
    serial number of each Note Certificate issued to each Noteholder and the date of its issue; and
	 	 	 
	 	(e)	the
    date on which a person ceased to be a Noteholder.

 

	6.2	The
    Company must enter in the Register each change to the information specified in clause 6.1.
	 	 
	6.3	A
    Noteholder may inspect the Register at all reasonable times during office hours and the Company must provide the Noteholder with
    a copy of it or any part of it, at no cost to the Noteholder, if requested by the Noteholder.

 

	7	Obligations
    of the Company

 

 

	7.1	The
    Company agrees with each Noteholder to comply with its obligations under this Deed and the Terms.
	 	 
	7.2	This
    Deed and the Terms ensure for the benefit of each Noteholder that a Noteholder may enforce the Company’s observance of its
    obligations under this Deed and the Terms in relation to each Note held by the Noteholder.

 

    	 

    	Page 8

    

 

	7.3	The
    Company must pay all Tax in relation to the constitution of the Notes under this Deed and the issue and delivery of those Notes to
    the Noteholders.

 

	8	Amendment
    of the Deed

 

 

	8.1	The
    Company may (by a deed expressed to be supplemental to this Deed) amend this Deed only if it is approved by a Noteholder Majority.
	 	 
	8.2	The
    Company must make a notation on the cover of this Deed upon the execution of any deed supplemental to this Deed.

 

	9	Notices

 

 

Term
12 applies to any notice given to or by the Company under this Deed as if Term 12 were set out in this Deed in full (with any necessary
changes).

 

	10	Counterparts

 

 

This
Deed may be executed in any number of counterparts (including by way of email and facsimile) each of which shall be deemed for all purposes
to be an original and all such counterparts taken together shall be deemed to constitute one and the same instrument.

 

	11	Governing
    law and jurisdiction

 

 

	11.1	This
    Deed is governed by the laws of Western Australia.
	 	 
	11.2	The
    Company irrevocably and unconditionally:

 

	 	(a)	submits
    to the non-exclusive jurisdiction of the courts of Western Australia; and
	 	 	 
	 	(b)	waives,
    without limitation, any claim or objection based on absence of jurisdiction or inconvenient forum.

 

    	 

    	Page 9

    

 

Executed
as a deed

 

	Executed as a deed by Locafy Limited ACN

                                                                     136 737 767 in accordance with section 127 of the Corporations Act 2001 (Cth):
	 

 

	/s/
    GAVIN BURNETT 	 	/s/
    MELVIN TAN
	Director	 	Director
	 	 	 
	GAVIN
    BURNETT	 	MELVIN
                                            TAN

	Name
                                            of Director

    (BLOCK
    LETTERS)
	 	Name
                                            of Director

    (BLOCK
    LETTERS)

 

    	 

    	Page 10

    

 

Annexure
A

 

Note
Certificate

 

Certificate
No. [•] issued on [date]

 

Total
principal amount

 

Locafy
Limited (Company)

 

(ACN
136 737 767)

 

Convertible
Loan Notes

 

This
is to certify that [#] of [#] is the registered holder of [#] convertible loan notes of $1.00 each issued by the Company (Notes)
as constituted by the Deed Poll Constituting Loan Notes made by the Company on 28 May 2021 (Deed). The Notes are issued with the
benefit of the rights and subject to the restrictions contained in the Deed and the terms endorsed on this certificate (Terms).

 

The
Notes bear interest in accordance with Term 3. The Notes are convertible into Ordinary Shares in accordance with Term 4 and are redeemable
in accordance with Term 6.

 

The
Notes may be disposed of in accordance with Term 7. This certificate must be surrendered before any transfer is registered or any new
certificate is issued in exchange.

 

A
copy of the Deed is available for inspection at the Company’s registered office.

 

The
Notes are governed by the laws of Western Australia.

 

	Executed by Locafy Limited ACN 136 737

                                                                     767 in accordance with section 127 of

                                                                     the Corporations Act 2001 (Cth):
	 

 

		 	
	*Director/*Company
    Secretary	 	Director

 

		 	
	Name
    of *Director/*Company Secretary

    (BLOCK
    LETTERS)

    *please
    delete as appropriate
	 	Name
    of Director

    (BLOCK
    LETTERS)

 

    	 

    	Page 11

    

 

Annexure
B

 

Application
Form

 

	 	To:	The
    Directors
	 	 	Locafy
    Limited (Company)
	 	 	ACN
    136 737 767
	 	 	PO
    Box 1988
	 	 	Subiaco
    WA 6904

 

<<specify
name of Applicant>> (Applicant), hereby irrevocably applies to subscribe for

 

<<specify
number>> convertible notes of A$1.00 each (Notes) under the terms of the Deed Poll Constituting Convertible Loan Notes dated
28 May 2021 (Deed).

 

Dated:
<<specify date>>

 

For
Company Applicants:

 

Signed
by a director and director/secretary:

 

		 	
	Signature
    of director	 	Signature
    of director/secretary
	 	 	 
		 	
	Name
    of director

    (please
    print)
	 	Name
    of director/secretary

    (please
    print)

 

IMPORTANT:
For regulatory and compliance purposes, please provide details of the company’s current directors and shareholders (eg
copy of company extract)

 

For
Individual Applicants:

 

Signed
by:

 

	 	 	 
	Signature
    of Individual Applicant	 	Signature
    of Individual Applicant 2
	 	 	 
		 	 
	Name
    of Individual Applicant 1

    (please
print)
	 	Name
    of Individual Applicant 2

    (please
print)

 

Applicant
Contact Details:

 

	Contact
    Name:	<<Please
    complete>>
	 	 
	Contact
    Address:	<<Please
    complete>>
	 	 
	Contact
    Email:	<<Please
    complete>>
	 	 
	Contact
    Telephone:	<<Please
    complete>>

 

    	 

    	Page 12

    

 

Annexure
C

 

Terms

 

	1	Definitions
    and interpretation

 

 

	1.1	Definitions

 

In
these Terms, unless the context requires another meaning:

 

Benchmark
Date means the date that is 5 Business Days before the Maturity Date;

 

Board
means the board of directors of the Company from time to time.

 

Business
Day means a day that is not a Saturday or Sunday or a public holiday or a bank holiday in Western Australia, Australia.

 

Company
Conversion Notice shall the same meaning as Conversion Notice.

 

Completion
Date means the date of this Deed Poll.

 

Controller
has the meaning given in section 9 of the Corporations Act.

 

Conversion
Date means the date the Note is converted into Ordinary Share pursuant to Term 4.5.

 

Conversion
Event means a conversion pursuant to either Term 4.2 or Term 4.3.

 

Conversion
Notice means Conversion Notice issued by the Company pursuant to Term 4.5.

 

Conversion
Shares means the Ordinary Shares issued pursuant to a Conversion Notice.

 

Deed
means the deed poll constituting convertible loan notes made by the Company and in respect of which these Terms form a part.

 

Dollars
and $ means the lawful currency of Australia.

 

Event
of Default means, in respect of any Group Company, the occurrence of:

 

	 	(a)	an
    Insolvency Event; or
	 	 	 
	 	(b)	any
    event, fact, circumstance or other matter which is, in the Noteholder Majority’s reasonable opinion, reasonably likely to cause
    or constitute an Insolvency Event.

 

Facility
Amount means $2,500,000.

 

Foreign
Exchange Conversion Rate means for every 1 Australian Dollar is equivalent to 0.7766 United States Dollar (being the average rate
published by the Reserve Bank of Australia from 27 April 2021 to 27 May 2021, inclusive).

 

Government
Agency means, whether foreign or domestic:

 

	 	(a)	a
    government, whether federal, state, territorial or local or a department, office or minister of a government acting in that capacity;
    or
	 	 	 
	 	(b)	a
    commission, delegate, instrumentality, agency, board, or other government, semi-government, judicial, administrative, monetary or
    fiscal body, department, tribunal, entity or authority, whether statutory or not, and includes any self-regulatory organisation established
    under statute or any stock exchange.

 

Group
means the Company and its Subsidiaries from time to time and Group Company means any of them.

 

GST
has the meaning given in the A New Tax System (Goods and Services Tax) Act 1999 (Cth).

 

    	 

    	Page 13

    

 

Insolvency
Event means the happening of one or more of the following events:

 

	 	(a)	except
    for the purpose of a solvent reconstruction or amalgamation which has the prior written consent of the Noteholder Majority:

 

	 	(i)	process
    is filed in a court seeking an order that the Company be wound up or that a Controller be appointed to it or any of its assets, unless
    the application is withdrawn, struck out or dismissed within 7 days of it being filed; or
	 	 	 
	 	(ii)	an
    order is made that the Company be wound up or that a Controller be appointed to it or any of its assets; or
	 	 	 
	 	(iii)	a
    resolution that the Company be wound up is passed or proposed by the Shareholders of the Company;

 

	 	(b)	a
    liquidator, provisional liquidator, Controller or any similar official is appointed to, or takes possession or control of, all or
    any of the Company’s assets or undertaking;
	 	 	 
	 	(c)	an
    administrator is appointed to the Company, a resolution that an administrator be appointed to it is passed or proposed, or any other
    steps are taken to appoint an administrator to it;
	 	 	 
	 	(d)	the
    Company enters into, or resolves to enter into, an arrangement, compromise or composition with any of, or any class of, its creditors
    or members, or an assignment for the benefit of any of, or any class of, its creditors, or process is filed in a court seeking approval
    of any such arrangement, compromise or composition;
	 	 	 
	 	(e)	a
    reorganisation, moratorium, deed of company arrangement or other administration involving one or more of the Company’s creditors
    is proposed or effected or by reason of financial difficulties it begins negotiations with one or more of its creditors with a view
    to readjustment or rescheduling of any of its indebtedness;
	 	 	 
	 	(f)	any
    action is taken by the Australian Securities and Investments Commission with a view to the Company’s deregistration or its
    dissolution, or an application is made to the Australian Securities and Investments Commission that any such action be taken;
	 	 	 
	 	(g)	the
    Company is insolvent within the meaning of section 95A of the Corporations Act, as disclosed in its accounts or otherwise, states
    that it is unable to pay its debts or it is presumed to be insolvent under any applicable law;
	 	 	 
	 	(h)	as
    a result of the operation of section 459F(1) of the Corporations Act, the Company is taken to have failed to comply with a statutory
    demand;
	 	 	 
	 	(i)	the
    Company stops or suspends or threatens to stop or suspend the payment of all or a class of its debts or the conduct of all or a substantial
    part of its business;
	 	 	 
	 	(j)	any
    event or circumstance set out in section 461 of the Corporations Act occurs in relation to the Company; or
	 	 	 
	 	(k)	anything
    having a substantially similar effect to any of the events specified in paragraphs (a) to (j) inclusive happens to the Company under
    the law of any jurisdiction.

 

IPO
means an initial public offering of fully paid ordinary shares in the capital of the Company pursuant to the Prospectus in which
the Company obtains quotation of the fully paid ordinary shares in the capital of the Company on the Nasdaq;

 

    	 

    	Page 14

    

 

IPO
Conditions means the following conditions precedent:

 

	 	(a)	the
    receipt by the Company of all application moneys and accompanying application forms in accordance with the requirements of the Prospectus
    and the depositing of those moneys into a trust account in accordance with section 722 of the Corporations Act;
	 	 	 
	 	(b)	the
    receipt by the Company of a letter from the Nasdaq which approves the admission of the Company to the Nasdaq subject only to customary
    conditions (Nasdaq Letter); and
	 	 	 
	 	(c)	the
    serving of a written notice by the Company on the Noteholder confirming that:

 

	 	(i)	the
    matters in clauses (a) and (b) above have been fulfilled; and
	 	 	 
	 	(ii)	it
    is able to satisfy, and will satisfy, the conditions set out in the Nasdaq Letter by the date required by the Nasdaq;

 

Listing
Condition means an IPO Condition;

 

Maturity
Date means the date ending 12 months after the funds are received by the Company.

 

Nasdaq
means the Nasdaq Stock Exchange

 

Note
Certificate means a certificate issued by the Company in respect of the Notes held by a Noteholder, substantially in the form set
out in Annexure A to the Deed.

 

Noteholder
means a persons whose name is entered in the Register as the holder of one or more Notes from time to time.

 

Noteholder
Majority means a Noteholder or Noteholders holding more than 50% of the total principal amount of the Notes outstanding at the relevant
time.

 

Notes
means convertible loan notes of $1.00 each created by the Company, having the rights and being subject to the restrictions in these
Terms and Note means any one of them.

 

Office
means the registered office of the Company.

 

Outstanding
Note means any Note that has not been converted into Ordinary Shares in accordance with Term 4 or redeemed in full in accordance
with Term 5.

 

Redemption
Date means, in respect of any Note, the due date for redemption of that Note under Term 6.2(b).

 

Register
means the register of noteholders kept by the Company in accordance with clause 6 of the Deed.

 

Restricted
Overseas Person means a person (including an individual, partnership, unincorporated syndicate, limited liability company, unincorporated
organisation, trust, trustee, executor, administrator or other legal representative) in, or resident in, the United Kingdom, Japan, Canada
or the United States or a US person.

 

Securities
Act means the United States Securities Act of 1933.

 

Subsidiary
has the meaning given in section 46 of the Corporations Act.

 

Tax
means:

 

	 	(a)	a
    tax, levy, charge, impost, deduction, withholding or duty of any nature (including stamp and transaction duty and GST) at any time
    imposed or levied by any Government Agency or required to be remitted to, or collected, withheld or assessed by, any Government Agency;
    and
	 	 	 
	 	(b)	any
    related interest, expense, fine, penalty or other charge on those amounts,

 

and
includes any amount that a person is required to pay to another person on account of that other person’s liability for Tax.

 

Terms
means these terms as they may from time to time be amended in accordance with these terms.

 

Third
Party means any party who is not a shareholder of the Company or a previous creditor of the Company or related bodies corporate as
defined in the Corporations Act 2001 (Cth).

 

Third
Party Interests means any Security Interest, option, voting arrangement, interest under any agreement, interest under any trust,
or other right, equity, entitlement or other interest of any nature held by a third party.

 

United
States means the United States of America, its territories and possessions, any State of the United States and the District of Columbia.

 

US
person means a US person as defined in Regulations of the Securities Act.

 

Withholding
Tax means Tax levied or imposed by a Government Agency that is required to be withheld or deducted from any payment.

 

	1.2	Interpretation

 

In
these Terms:

 

	 	(a)	unless
    the context otherwise requires, a reference:

 

	 	(iii)	to
    the singular includes the plural and vice versa;
	 	 	 
	 	(iv)	to
    a gender includes all genders;
	 	 	 
	 	(v)	to
    a document (including these Terms) is a reference to that document (including any schedules and annexures) as amended, consolidated,
    supplemented, novated or replaced;
	 	 	 
	 	(vi)	to
    an agreement includes any undertaking, representation, deed, agreement or legally enforceable arrangement or understanding whether
    written or not;
	 	 	 
	 	(vii)	to
    an item, recital, clause, schedule or annexure is to an item, recital, clause, schedule or annexure of or to these Terms;
	 	 	 
	 	(viii)	to
    a notice means all notices, approvals, demands, requests, nominations or other communications given by one party to another under
    or in connection with these Terms;
	 	 	 
	 	(ix)	 to
    a person (including any party) includes a reference to an individual, company, other body corporate, association, partnership, firm,
    joint venture, trust or Government Agency as the case requires;
	 	 	 
	 	(x)	(viii)
    to a person (including any party) includes the person’s successors, permitted assigns, executors and administrators;
	 	 	 
	 	(xi)	to
    a law:

 

	 	(A)	includes
    a reference to any constitutional provision, subordinate legislation, treaty, decree, convention, statute, regulation, rule, ordinance,
    proclamation, by-law, judgment, rule of common law or equity or rule of any applicable stock exchange;
	 	 	 
	 	(B)	is
    a reference to that law as amended, consolidated, supplemented or replaced; and

 

    	 

    	Page 15

    

 

	 	(C)	is
    a reference to any regulation, rule, ordinance, proclamation, by-law or judgment made under that law;

 

	 	(xii)	to
    liquidation includes official management, appointment of an administrator, compromise, arrangement, merger, amalgamation, reconstruction,
    winding-up, dissolution, assignment for the benefit of creditors, scheme, composition or arrangement with creditors, insolvency,
    bankruptcy, or any similar procedure or, where applicable, changes in the constitution of any partnership or person, or death;
	 	 	 
	 	(xiii)	to
    a body (including, an institute, association or authority), whether statutory or not:

 

	 	(A)	which
    ceases to exist; or
	 	 	 
	 	(B)	whose
    powers or functions are transferred to another body,
	 	 	 
	 	(C)	is
    a reference to the body which replaces it or which substantially succeeds to its powers or functions;

 

	 	(xiv)	to
    proceedings includes litigation, arbitration and investigation;
	 	 	 
	 	(xv)	(xiii)
    to a judgment includes an order, injunction, decree, determination or award of any court or tribunal;
	 	 	 
	 	(xvi)	(xiv)
    the word including or includes means including, but not limited to, or includes, without limitation; and
	 	 	 
	 	(xvii)	to
    time is to Perth time;

 

	 	(b)	where
    a word or phrase is defined, its other grammatical forms have a corresponding meaning;
	 	 	 
	 	(c)	headings
    are for convenience only and do not affect interpretation;
	 	 	 
	 	(d)	if
    a payment or other act must (but for this clause) be made or done on a day which is not a Business Day, then it must be made or done
    on the next Business Day; and
	 	 	 
	 	(e)	if
    a period occurs from, after or before a day or the day of an act or event, it excludes that day.

 

	2	Status
    and ranking of the Notes

 

 

	 	(a)	The
    Notes are a debt obligation of the Company.
	 	 	 
	 	(b)	On
    a winding up of the Company, or in relation to any arrangement between the Company and its creditors, all amounts outstanding on
    the Notes must be paid:

 

	 	(i)	in
    accordance with any applicable statutory regime for the distribution of the assets of the Company or, failing such a statutory regime
    being applicable, on a pari passu basis with all amounts owing by the Company to its secured creditors, which are proven in the winding
    up or arrangement;
	 	 	 
	 	(ii)	on
    a pari passu basis between the Notes themselves; and
	 	 	 
	 	(iii)	to
    the Noteholders before any amount is paid to the Company’s shareholders in their capacity as shareholder.

 

	3	Interest

 

 

The
Notes are non-interest bearing.

 

    	 

    	Page 16

    

 

	4	Conversion
    General

 

 

	4.1	The
    Company may not convert a Note into Ordinary Shares other than in accordance with this Term 4.
	 	 
	4.2	Noteholder
    entitlement to convert

 

At
any time prior to the Benchmark Date (Noteholder Conversion Period), a Noteholder may convert all or part of its Notes by giving
a Conversion Notice, together with the Certificates relating to the Notes being converted, to the Company requiring the Company to convert
all of the Notes held by the Noteholder.

 

	4.3	Conversion
    on Listing

 

Notwithstanding
Term 4.2, if, during the Noteholder Conversion Period a Listing Condition is satisfied, the Company must convert all of the Notes held
by the Noteholder and issue to the Noteholder the number of Company Shares calculated under Term 4.4(b).

 

	4.4	Conversion
    formula

 

	 	(a)	In
    relation to Notes which are the subject of a Conversion Notice under Term 4.2 and, the Company must issue Ordinary Shares to the
    Noteholder on the basis of one Share for each five Notes.
	 	 	 
	 	(b)	In
    relation to Notes which are the subject of a Company Conversion Notice under Term 4.3(a), if the Listing Conditions are satisfied
    prior to the Maturity Date, the number of Shares which the Company must issue to the Noteholder will be determined in accordance
    with the following formula:

 

A
= B x C

          D

 

where:

 

	 	A
    =	the
    number of Shares to be issued to the Noteholder;
	 	 	 
	 	B
    =	the
    Face Value of the Notes being converted; 
	 	 	 
	 	C
    =	Foreign
    Exchange Conversion Rate;
	 	 	 
	 	D
    =	20%
    discount to the price at which the relevant Ordinary Shares are issued under a Prospectus at the time of the Listing.

 

	4.5	Completion
    of conversion

 

	 	(a)	Within
    5 Business Days of the relevant Conversion Event in accordance with:

 

	 	(i)	clause
4.2, the Company must:

 

	 	(A)	issue
    to the Noteholder a holding statement concerning, or certificates for, the relevant Ordinary Shares by delivering the statement (or
    certificates) to the Noteholder;
	 	 	 
	 	(B)	issue
    the number of Company Shares calculated in accordance with clauses 4.4(a).

 

    	 

    	Page 17

    

 

	 	(ii)	clause
    4.3, the Company must:

 

	 	(A)	issues
    to the Noteholder a holding statement concerning, or certificates for, the relevant Ordinary Shares by delivering the statement (or
    certificates) to the Noteholder;
	 	 	 
	 	(B)	issue
    the number of Company Shares calculated in accordance with clauses 4.4(b).

 

	 	(b)	A
    Note in respect of which a Conversion Notice has been given will be treated as having been cancelled and converted into Conversion
    Shares on the Conversion Date in respect of that Note.

 

	4.6	Adjustment

 

If
prior to conversion of any Notes:

 

	 	(a)	a
    consolidation, sub-division or pro-rata cancellation of Ordinary Shares occurs, then the number of Ordinary Shares into which the
    Notes are convertible will be adjusted so that the Notes are convertible into the same percentage of the issued Ordinary Shares (on
    a fully diluted basis) as the percentage of issued Ordinary Shares into which they were convertible (on a fully diluted basis) immediately
    prior to the capital consolidation, sub-division or pro-rata cancellation (as applicable);
	 	 	 
	 	(b)	a
    return of capital of the Company occurs, then the valuation amount must be reduced by the same amount as the aggregate amount returned
    in relation to the Ordinary Shares and the formula set out in Term 4.4 must be adjusted accordingly;
	 	 	 
	 	(c)	a
    reduction of capital of the Company occurs by a cancellation of paid up capital that is lost or not represented by available assets
    where no securities are cancelled, then the number of Notes on issue must remain unaltered; or
	 	 	 
	 	(d)	any
    other reorganisation or reconstruction of Ordinary Shares occurs, then the number of Notes on issue must be amended so that the Noteholders
    do not receive a benefit that the holders of Ordinary Shares do not receive and vice versa.

 

	5	Assistance
    with Listing

 

 

	 	(a)	In
    relation to Conversion Shares issued upon conversion under Term 4.3, if the Nasdaq requires, as a condition for the Listing to proceed,
    that any Conversion Shares must be subject to a restriction or hold back agreement pursuant, then the Noteholder (and any other associated
    parties or controllers) must execute any restriction agreement in relation to those Conversion Shares required by the Nasdaq.
	 	 	 
	 	(b)	When
    requested, if a Noteholder does not provide a signed restriction agreement within 3 business days, the Note may be cancelled by the
    Company and Face Value of each note returned to the Noteholder within 30 days post-listing without interest.
	 	 	 
	 	(c)	Without
    limitation the Noteholder shall co-operate in good faith with the Company and execute all relevant documents and comply with any
    reasonable request by the Company in relation to the Listing and must not do anything which adversely affects, or is likely to adversely
    affect, the Listing.

 

	6	Redemption

 

 

	6.1	General

 

	 	(a)	The
    Company may not redeem and/or purchase a Note other than in accordance with this Term 6.

 

    	 

    	Page 18

    

 

	 	(b)	The
    Company must cancel a redeemed Note and may not reissue or resell that Note.
	 	 	 
	 	(c)	The
    Company must redeem all Notes upon Maturity Date in accordance with this Term 6.
	 	 	 
	 	(d)	The
    Company may on its own resolution, elect to redeem the Notes at any time prior to the Maturity Date in accordance with Term 6.6.

 

	6.2	Redemption
    in the event of an Event of Default

 

	 	(a)	At
    any time after the occurrence of an Event of Default in respect of the Company and before the Maturity Date, a Noteholder may request
    the Company to redeem some or all of the Outstanding Notes by written notice to the Company (Redemption Notice).
	 	 	 
	 	(b)	The
    Company must redeem the number of Outstanding Notes specified in a Redemption Notice within ten Business Days after receipt of the
    Redemption Notice.
	 	 	 
	 	(c)	The
    Company must notify each Noteholder immediately if it becomes aware of any fact or circumstance that has caused or constitutes, or
    will or might reasonably be expected to cause or constitute, an Event of Default.

 

	6.3	Completion
    of redemption

 

A
Noteholder whose Notes are due to be redeemed under Term 6.2(a) must, on or before the Redemption Date, deliver to the Company:

 

	 	(a)	the
    Note Certificate(s) for its Notes; or
	 	 	 
	 	(b)	evidence
    reasonably satisfactory to the Company that the Note Certificate(s) for its Notes have been lost, stolen, worn out, defaced or destroyed,
    together with:

 

	 	(i)	in
    the case of a worn out or defaced Note Certificate, that Note Certificate; and
	 	 	 
	 	(ii)	in
    the case of a lost, stolen or destroyed Note Certificate, if requested by the Company, an indemnity from the Noteholder in respect
    of the lost, stolen or destroyed Note Certificate on terms reasonably satisfactory to the Company.

 

	6.4	On
    the Redemption Date and subject to the Noteholder complying with Term 6.3, the Company must pay to that Noteholder an amount in cash
    equal to the total principal amount of its Notes outstanding together with all accrued but unpaid and uncapitalised interest on that
    amount (Redemption Amount) up to and including the day immediately prior to the Redemption Date.

 

	6.5	If
    a Noteholder fails to comply with Term 6.3:

 

	 	(a)	the
    Company must pay the Redemption Amount into a separate bank account pending compliance with Term 6.3;
	 	 	 
	 	(b)	the
    payment of the Redemption Amount into a bank account will constitute the Company a trustee in respect of the amount;
	 	 	 
	 	(c)	the
    Company will be responsible for the safe custody of the Redemption Amount; and
	 	 	 
	 	(d)	the
    Noteholder will be entitled to claim the Redemption, net of any deduction by the Company for any costs or expenses incurred by the
    Company in connection with the Company’s performance of its obligations under this Term 6.5.

 

	6.6	Redemption
    by Company prior to Maturity

 

If
the Notes are redeemed by the Company prior to the Maturity Date, the Company will pay the Noteholder the same amount of money that would
have been due if they were redeemed pursuant to term 6.7.

 

    	 

    	Page 19

    

 

	6.7	Redemption
    upon Maturity

 

	 	(a)	The
    Company must redeem and paid out all Notes held by the Noteholders within 10 business days from the Maturity Date in the event there
    is no conversion of the Notes.
	 	 	 
	 	(b)	If
    the Company redeems a Noteholder’s Notes pursuant to 6.7(a), the amount paid out to the Noteholder shall be determined in accordance
    with the following formula:

 

	 	X
    = Y x Z
	 	 
	 	Where:
	 	 
	 	X
    = Amount Paid
	 	 
	 	Y
    = Face value
	 	 
	 	Z
    = 120%

 

	7	Disposal

 

 

	7.1	A
    Noteholder may only Dispose of Notes in accordance with this Term 7.
	 	 
	7.2	Subject
    to compliance with all applicable laws, a Noteholder may transfer a Note by delivering a transfer document duly stamped (if necessary)
    and signed by or on behalf of the transferor to the Company. The transfer document must be in writing in the usual or common form
    or in such other form as the Board may from time to time prescribe or, in particular circumstances, agree to accept.
	 	 
	7.3	The
    transferor remains the holder of the Note until the name of the transferee is entered in the Register as the holder of that Note.
	 	 
	7.4	The
    Board must register the transfer of a Note if:

 

	 	(a)	no
    Conversion Notice in respect of the Note has been given by a Noteholder under Term 4.2;
	 	 	 
	 	(b)	the
    Note is not due to be redeemed under Term 6.2(a);
	 	 	 
	 	(c)	it
    is in favour of not more than four joint transferees; and
	 	 	 
	 	(d)	it
    is delivered for registration to the Office or such other place as the Board may decide, accompanied by:

 

	 	(i)	the
    Note Certificate for the Note; or
	 	 	 
	 	(ii)	evidence
    reasonably satisfactory to the Company that the Note Certificate for the Note has been lost, stolen, worn out, defaced or destroyed,
    together with:

 

	 	(A)	in
    the case of a worn out or defaced Note Certificate, that Note Certificate; or
	 	 	 
	 	(B)	in
    the case of a lost, stolen or destroyed Note Certificate, if requested by the Company, an indemnity from the Noteholder in respect
    of the lost, stolen or destroyed Note Certificate on terms reasonably satisfactory to the Company; and

 

	 	(iii)	such
    other evidence as the Board may reasonably require to prove the title of the transferor and the due execution by him of the transfer
    or, if the transfer is executed by some other person on his behalf, the authority of that person to do so.

 

If
the Board decides that transfers may be left at a place other than the Office, the Company must notify the Noteholders of the address
of that place.

 

    	 

    	Page 20

    

 

	7.5	If
    the Board refuses to register the transfer of a Note it must, within 15 Business Days after the date on which the transfer document
    was lodged with the Company, send notice of the refusal to the transferee. Failure to give notice will not invalidate the decision
    of the Board. All transfer documents that are registered must be retained by the Company but any transfer document that the Board
    refuses to register must (except in the case of fraud or suspected fraud) be returned on demand to the person who deposited it.
	 	 
	7.6	The
    Company may not charge a fee for registering the transfer of a Note or other document relating to or affecting the title to a Note
    or the right to transfer it or for making any other entry in the Register.

 

	8	Dealings

 

 

	8.1	No
    application has been or will be made to any recognised stock exchange for the Notes to be listed or dealt in.
	 	 
	8.2	The
    Notes have not been and will not be registered under the Securities Act or under the securities laws of any jurisdiction of the United
    States, no relevant clearances have been, or will be, obtained from the securities commission of any province or territory of Canada,
    no prospectus has been or will be lodged with the Australian Securities and Investments Commission and no steps have been taken,
    nor will any be taken, to enable the Notes to be offered in compliance with the Financial Services Act 1986, the Public Offers of
    Securities Regulations 1995 (as amended) or any other relevant legislation in the United Kingdom nor the applicable securities laws
    of Japan or any other jurisdiction.
	 	 
	8.3	Accordingly,
    the Notes may only be offered, sold, resold, delivered or distributed (whether directly or indirectly):

 

	 	(a)	in
    and/or into the United States, Canada, Australia, the United Kingdom and/or Japan; and/or
	 	 	 
	 	(b)	to
    or for the account or benefit of any Restricted Overseas Person,

 

if
an exemption from the relevant securities legislation is available or a disclosure document is prepared in accordance with the relevant
securities legislation and filed or lodged with the relevant authorities or, in relation to any US person, the Notes are registered under
the Securities Act.

 

	9	Payments

 

 

	9.1	All
    payments to be made by the Company in relation to a Note will be made:

 

	 	(a)	after
    deduction of all withholdings and deductions required by law, however if the Company withholds or deducts any Withholding Tax from
    a payment made in relation to a Note, the Company must gross up that payment to equal the amount that the Noteholder would have received
    if no deduction or withholding of Withholding Tax had been required; and
	 	 	 
	 	(b)	by
    way of either, at the Noteholder’s election:

 

	 	(i)	a
    banker’s draft or cheque drawn by a bank as defined in the Banking Act 1959 (Cth); or
	 	 	 
	 	(ii)	a
    direct transfer of immediately available funds to the bank account nominated by the Noteholder prior to the due date for payment.

 

	9.2	If
    the Company or another person is required by law to make a deduction or withholding from a payment to the Noteholder, the Company
    must notify the Noteholder of the amount and reason for the deduction or withholding and pay or procure the payment of the full amount
    of the deduction or withholding to the appropriate Government Agency under applicable law.

 

    	 

    	Page 21

    

 

	9.3	The
    Company may withhold payment of principal moneys, interest and all other amounts payable in respect of a Note to a person entitled
    by transmission to a Note until he has provided such evidence of his entitlement that the Company may reasonably require.

 

	10	Recognition
    of other interests in Notes

 

 

Subject
to the Corporations Act, the Company is entitled to treat the registered holder of any Notes as the absolute owner of those Notes and
is not bound to recognise any equitable or other claim to or interest in the Notes on the part of any person.

 

	11	Amendment
    of the Terms

 

 

	11.1	The
    Company may (by deed expressed to be supplemental to the Deed) from time to time amend these Terms only if it is approved by the
    Noteholder Majority.
	 	 
	11.2	The
    Company must make a notation on the cover of the Deed upon the execution of any deed supplemental to the Deed.

 

	12	Notices

 

 

	12.1	Requirements

 

All
notices must be:

 

	 	(a)	legible
    and in English;
	 	 	 
	 	(b)	addressed
    to the recipient at the address or email set out below or to such other address or email as that party may notify to the other parties:

 

to
the Company:

 

	 	Address:	PO
    Box 1988, Subiaco, Western Australia, 6904
	 	 	 
	 	Attention:	Mr
    Gavin Burnett
	 	 	 
	 	Email:	Both:
    gavin.burnett@locafy.com and melvin.tan@locafy.com

 

to
a Noteholder:

 

the
Noteholder’s address or email as it appears on the Register;

 

	 	(c)	signed
    by the party or where the sender is a company by an officer of that company or under the common seal of that company; and
	 	 	 
	 	(d)	sent
    to the recipient by hand, prepaid post (airmail if to or from a place outside Australia) or email;
	 	 	 
	 	(e)	if
    sent by email, in a form which:

 

	 	(i)	identifies
    the sender;
	 	 	 
	 	(ii)	is
    electronically signed by the sender or an authorised officer of the sender; and
	 	 	 
	 	(iii)	clearly
    indicates the subject matter of the notice in the subject heading of the email,

 

provided
that the recipient has not provided written notice to the other parties confirming that it does not wish to receive notices by email.
The parties consent to the method of signature contained in clause 12.1(e) and agree that it satisfies the requirements of applicable
law for signature on service of notice by email.

 

    	 

    	Page 22

    

 

	12.2	Receipt

 

Without
limiting any other means by which a party may be able to prove that a notice has been received by another party, a notice will be deemed
to be duly received:

 

	 	(a)	if
    sent by hand when left at the address of the recipient;
	 	 	 
	 	(b)	if
    sent by pre-paid post, 3 days (if posted to an address within a country) or 10 days (if posted from one country to another) after
    the date of posting; or
	 	 	 
	 	(c)	if
    sent by email, when the sender receives an automated message confirming delivery; or four hours after the time the email is sent
    (as recorded on the device from which the sender sent the email) unless the sender receives an automated message that the email has
    not been delivered, whichever occurs first;

 

but
if a notice is served by hand, or is received by email on a day which is not a Business Day, or after 5:00 pm (recipient’s local
time) on a Business Day, the notice is deemed to be duly received by the recipient at 9:00 am on the first Business Day after that day.

 

	13	Counterparts

 

 

This
Deed may be executed in any number of counterparts (including by way of email) each of which shall be deemed for all purposes to be an
original and all such counterparts taken together shall be deemed to constitute one and the same instrument.

 

	14	Governing
    law and jurisdiction

 

 

	14.1	These
    Terms are governed by the laws of Western Australia.
	 	 
	14.2	The
    Company and each Noteholder irrevocably and unconditionally:

 

	 	(a)	submits
    to the non-exclusive jurisdiction of the courts of Western Australia; and
	 	 	 
	 	(b)	waives,
    without limitation, any claim or objection based on absence of jurisdiction or inconvenient forum.

 

    	 

    	Page 23

    

 

Schedule

 

Conversion
Notice

 

	 	To:	The
    Directors
	 	 	Locafy
    Limited (Company)
	 	 	PO
    Box 1988
	 	 	Subiaco
    WA 6904

 

<<specify
name of Noteholder>> (Noteholder), being the registered holder of <<specify number>> secured convertible notes
of $1.00 each (Notes) issued by the Company on 28 May 2021 on the terms endorsed on the certificate for those Notes (Terms),
hereby gives notice that it wishes to convert <<insert either all <<or>> <<specify number>> of its Notes
into Ordinary Shares (Shares) in accordance with Term 4, completion of the conversion to occur on <<specify date>>
or such earlier or later date in accordance with the Terms.

 

The
Noteholder authorises the Company to register it as the holder of the Shares in accordance with the Terms and agrees to be bound by the
Constitution of the Company.

 

Dated:
<<specify date>>

 

Signed
by

<<Name
of Noteholder>>

by
a director and director/secretary:

 

		 	 
	Signature
    of director	 	Signature
    of director/secretary
	 	 	 
		 	 
	Name
    of director (please print)	 	Name
    of director/secretary (please print)

 

Notes:

 

	 	1.	This
    notice is irrevocable.
	 	 	 
	 	2.	The
    date specified for completion of the conversion of the Notes into Shares must be at least three Business Days after the date this
    Conversion Notice is given to the Company, subject to a different period being determined in accordance with the Terms.
	 	 	 
	 	3.	This
    Conversion Notice should be lodged at the Company’s registered office or sent by post to the address specified above. The Note
    Certificate(s) for the Notes must be given to the Company on or before the date of completion of the conversion of the Notes.Exhibit
4.4

 

 

	 	Level
    25, 1 O’Connell Street
	 	Sydney
    NSW 2000 Australia
	 	 
	 	F
    +61 2 8248 5899 | F +61 2 8248 5899

 

Convertible
Note Deed

 

between

 

Moboom
Limited ACN 136 737 767

(Issuer)

 

and

 

The
party listed in Schedule 1

(Subscriber)

 

 

    	 

    	 

    

 

Table
of contents

 

	1	Definitions and interpretation	1
	 	1.1	Definitions	1
	 	1.2	Interpretation	3
	2	Issue of Notes to the Subscriber	3
	 	2.1	Subscription and issue	3
	 	2.2	Subscription price and payment	3
	 	2.3	Certificate	3
	3	Terms of issue	4
	 	3.1	Notes	4
	 	3.2	Interest	4
	 	3.3	Release of Issuer’s liability	4
	4	Conversion	4
	 	4.1	Entitlement to convert	4
	 	4.2	Conversion on Listing	4
	 	4.3	Conversion Shares to be issued on conversion	4
	 	4.4	Conversion completion	5
	5	Assistance with Listing	5
	6	Redemption	6
	 	6.1	Early Redemption	6
	 	6.2	Redemption time and payment	6
	 	6.3	Events of Default	6
	7	Register of Notes	6
	8	Transfers	7
	9	Title to Notes, non-recognition of equities	7
	10	Noteholder Warranty	7
	11	Notices	7
	 	11.1	General	7
	 	11.2	Issuer’s address	8
	12	General	8
	 	12.1	Entire understanding	8
	 	12.2	Severability	8
	 	12.3	Variation	8
	 	12.4	Assignment	8
	 	12.5	Further assurance	8
	 	12.6	Waiver	8
	 	12.7	Costs and outlays	8
	 	12.8	Counterparts	8
	 	12.9	Governing law and jurisdiction	8
	Schedule 1 – Subscriber details
    and details of Notes	9
	Schedule 2 – Note Certificate	10
	Schedule 3 – Issuer Conversion
    Notice	11
	Schedule 4 – Noteholder Conversion
    Notice	12
	Schedule 5 – Redemption Notice	13

 

    	 

    	 

    

 

This
deed is made on

 

	between	Moboom
    Limited ACN 136 737 767 of c/- Flinders Chartered Accountants, Level 4, 1 Howard Street, Perth, Western Australia (Issuer)
	 	 
	and	The
    party listed in Schedule 1 (Subscriber)

 

Recital

 

The
Subscriber has agreed to subscribe for the Notes in accordance with the terms of this deed.

 

Now
it is covenanted and agreed as follows:

 

	1	Definitions
    and interpretation
	 	 
	1.1	Definitions

 

In
this deed:

 

ASX
means the ASX Limited ABN 98 008 624 691;

 

Back-Door
Acquisition means an acquisition (including, but not limited to an acquisition under a share purchase agreement or pursuant to Chapter
6 of the Corporations Act) under which ListCo acquires or agrees to acquire at least 80% of the issued share capital in the Issuer;

 

Back-Door
Listing Conditions means the satisfaction of all the conditions necessary for the completion of the Back-Door Acquisition (other
than the conversion of the Notes);

 

Benchmark
Date means the date that is 5 Business Days before the Maturity Date;

 

Board
means the board of directors of the Issuer;

 

Business
Day means a day that is not a Saturday, Sunday or any other day which is a public holiday or a bank holiday in New South Wales;

 

Certificate
means a certificate for a Note in the form of Schedule 2;

 

Conversion
Date means the date on which the Issuer has satisfied its obligations under clause 4.4(a) in respect of a Note the subject of a Conversion
Notice;

 

Conversion
Notice means an Issuer Conversion Notice or Noteholder Conversion Notice (as the case may be);

 

Conversion
Shares means Issuer Shares or ListCo Shares (as the case may be);

 

Corporations
Act means Corporations Act 2001 (Cth);

 

Early
Redemption Value means:

 

	 	(a)	prior
    to, or on - $ ; or
	 	 	 
	 	(b)	later
    than - $ .

 

Event
of Default has the meaning given to that term in clause 6.3;

 

Face
Value has the meaning given to that term in clause 3.1(b);

 

    	 

    	Page 2

    

 

IPO
means an initial public offering of fully paid ordinary shares in the capital of the Issuer pursuant to the Prospectus in which the
Issuer obtains quotation of the fully paid ordinary shares in the capital of the Issuer on the Official List of the ASX;

 

IPO
Conditions means the following conditions precedent:

 

	 	(a)	the
    receipt by the Issuer of all application moneys and accompanying application forms in accordance with the requirements of the Prospectus
    and the depositing of those moneys into a trust account in accordance with section 722 of the Corporations Act;
	 	 	 
	 	(b)	the
    receipt by the Issuer of a letter from the ASX which approves the admission of the Issuer to the Official List of the ASX subject
    only to customary conditions (ASX Letter); and
	 	 	 
	 	(c)	the
    serving of a written notice by the Issuer on the Noteholder confirming that:

 

	 	(i)	the
    matters in clauses (a) and (b) above have been fulfilled; and
	 	 	 
	 	(ii)	it
    is able to satisfy, and will satisfy, the conditions set out in the ASX Letter by the date required by the ASX;

 

Issue
Price is the issue price set out in item 4 of Schedule 1;

 

Issuer
Conversion Notice means a notice in the form of Schedule 2;

 

Issuer
Shares means fully paid ordinary shares in the share capital of the Issuer;

 

ListCo
means a company admitted to the official list of the ASX which enters into a Backdoor Acquisition with the Issuer;

 

ListCo
Shares means fully paid ordinary shares in the share capital of ListCo;

 

Issuer
Conversion Notice means a notice in the form of Schedule 2;

 

Listing
means either an IPO or a Backdoor Acquisition;

 

Listing
Condition means either the IPO Conditions or the Back-Door Listing Conditions;

 

Maturity
Date means ;

 

Maturity
Redemption Value means $ ;

 

Note
means an unsecured redeemable convertible note issued by the Issuer to the Subscriber pursuant to this deed and “Notes”
has a corresponding meaning;

 

Noteholder
Conversion Notice means a notice in the form of Schedule 3;

 

Noteholder
Conversion Period has the meaning set out in clause 4.1;

 

Noteholder
means a person entered on the Register as the holder of a Note, including the Subscriber upon the issue of Notes to the Subscriber
pursuant to clause 2;

 

Principal
Sum means, in respect of a Note, the Face Value of the Note;

 

Prospectus
means the Prospectus to be issued by the Issuer or ListCo (as the case may be) in accordance with Chapter 6D of the Corporations
Act in connection with the IPO or Backdoor Acquisition (as the case may be);

 

Redemption
Notice means a notice in the form of Schedule 5;

 

Register
means the register of Noteholders to be established and maintained pursuant to this deed;

 

    	 

    	Page 3

    

 

Subscription
Date means the date of this deed; and

 

Term
means the period commencing on the date of this deed and ending on the Maturity Date.

 

	1.2	Interpretation

 

	 	(a)	Reference
    to:

 

	 	(i)	one
    gender includes the other genders;
	 	 	 
	 	(ii)	the
    singular includes the plural and the plural includes the singular;
	 	 	 
	 	(iii)	a
    person includes a body corporate;
	 	 	 
	 	(iv)	a
    party includes the party’s executors, administrators, successors and permitted assigns; and
	 	 	 
	 	(v)	a
    statute, regulation or provision of a statute or regulation (Statutory Provision) includes:

 

	 	(A)	that
    Statutory Provision as amended or re-enacted;
	 	 	 
	 	(B)	a
    statute, regulation or provision enacted in replacement of that Statutory Provision; and
	 	 	 
	 	(C)	another
    regulation or other statutory instrument made or issued under that Statutory Provision.

 

	 	(b)	Including
    and similar expressions are not words of limitation.
	 	 	 
	 	(c)	Where
    a word or expression is given a particular meaning, other parts of speech and grammatical forms of that word or expression have a
    corresponding meaning.
	 	 	 
	 	(d)	Headings
    and any table of contents or index are for convenience only and do not form part of this deed or affect its interpretation.
	 	 	 
	 	(e)	A
    provision of this deed must not be construed to the disadvantage of a party merely because that party was responsible for the preparation
    of the Deed or the inclusion of the provision in the deed.
	 	 	 
	 	(f)	If
    an act must be done on a specified day that is not a Business Day, it must be done instead on the next Business Day.

 

	2	Issue
    of Notes to the Subscriber
	 	 
	2.1	Subscription
    and issue

 

On
the Subscription Date the Subscriber must subscribe for, and the Issuer must issue to the Subscriber, such number of Notes specified
in Item 3 of Schedule 1, upon and subject to the terms of this deed.

 

	2.2	Subscription
    price and payment

 

The
Subscriber must subscribe for each of the Notes for an amount equal to the Face Value of the Note.

 

	2.3	Certificate

 

Subject
to the Subscriber complying with clause 2.2, the Issuer must issue a Certificate to the Noteholder on the Subscription Date.

 

    	 

    	Page 4

    

 

	3	Terms
    of issue
	 	 
	3.1	Notes

 

Each
Note:

 

	 	(a)	is
    held subject to, and with the benefit of, this deed;
	 	 	 
	 	(b)	has
    a face value equal to the Issue Price (Face Value); and
	 	 	 
	 	(c)	confers
    rights in the Noteholder as a creditor of the Issuer and the Issuer acknowledges that it is indebted to the Noteholder in respect
    of the Principal Sum on the Notes held by the Noteholder.

 

	3.2	Interest

 

No
interest is payable by the Issuer to the Noteholder in respect of the Noteholder’s Notes.

 

	3.3	Release
    of Issuer’s liability

 

The
Issuer will be immediately discharged and released from its liabilities, obligations and covenants under this deed upon all Notes being
either redeemed in accordance with this deed or cancelled and converted into Conversion Shares in accordance with clause 4.

 

	4	Conversion
	 	 
	4.1	Entitlement
    to convert

 

At
any time during the period commencing on                  and ending on the Benchmark Date (Noteholder Conversion Period), the Noteholder may convert
all or part of its Notes by giving a Noteholder Conversion Notice, together with the Certificates relating to the Notes being converted,
to the Issuer requiring the Issuer to convert all of the Notes held by the Noteholder.

 

	4.2	Conversion
    on Listing

 

Notwithstanding
clause 4.1, if, during the Term, a Listing Condition is satisfied, the Issuer must (by giving an Issuer Conversion Notice to the Noteholder)
convert all of the Notes held by the Noteholder. If the relevant Listing Condition which is satisfied:

 

	 	(a)	is
    the IPO Condition, the Issuer shall issue to the Noteholder the number of Issuer Shares calculated under clause 4.3(b); and
	 	 	 
	 	(b)	is
    the Back-Door Condition, the Issuer shall procure that ListCo issues to the Noteholder the number of ListCo Shares calculated under
    clause 4.3(b).

 

	4.3	Conversion
    Shares to be issued on conversion

 

	 	(a)	In
    relation to Notes which are the subject of a Noteholder Conversion Notice under clause 4.1, the Issuer must issue Issuer Shares to
    the Noteholder on the basis of one Share for each Note.

 

    	 

    	Page 5

    

 

	 	(b)	In
    relation to Notes which are the subject of an Issuer Conversion Notice under clause 4.2, if the Listing Conditions are satisfied
    prior to the Maturity Date, the number of Shares which the Issuer or ListCo (as the case may be) must issue to the Noteholder will
    be determined in accordance with the following formula:

 

	 	A =	
    B

 

    C x D
	 

 

where:

 

	 	A	=	the
    number of Conversion Shares to be issued to the Noteholder;
	 	 		 
	 	B	=	the
    Face Value of the Notes being converted; 
	 	 	 	 
	 	C	=	0.50,
    if the Listing Conditions are satisfied prior to or before the Maturity Date; and
	 	 	 	 
	 	D	=	the
    price at which the relevant ordinary shares are issued under a Prospectus at the time of the Listing.

 

	 	(c)	If
    the number of Conversion Shares to be issued under clause 4.3(b) includes a fraction, the fraction will be rounded up to the nearest
    Conversion Share.
	 	 	 
	 	(d)	Conversion
    Shares issued upon the conversion of a Note will rank equally and form one class with the ordinary shares of the Issuer or ListCo
    (as the case may be) on issue on the Conversion Date.
	 	 	 
	 	(e)	In
    the event of any share splits, share issues, share dividends or consolidation of shares, the number of Conversion Shares to be issued
    on conversion under this clause 4.3 will be adjusted to ensure that the Noteholder is neither disadvantaged or otherwise benefits
    from an advantage due to such reorganisation.

 

	4.4	Conversion
    completion

 

	 	(a)	Within
    5 Business Days of the giving of a Conversion Notice in accordance with:

 

	 	(i)	clause
    4.1 or 4.2(a), the Issuer must:

 

	 	(A)	issue
    to the Noteholder a holding statement concerning, or certificates for, the relevant Issuer Shares by delivering the statement (or
    certificates) to the Noteholder;
	 	 	 
	 	(B)	issue
    the number of Issuer Shares calculated in accordance with clauses 4.3(a) or 4.3(b) (as the case may be).

 

	 	(ii)	clause
    4.2(b), the Issuer must procure that ListCo:

 

	 	(A)	issues
    to the Noteholder a holding statement concerning, or certificates for, the relevant ListCo Shares by delivering the statement (or
    certificates) to the Noteholder;
	 	 	 
	 	(B)	issue
    the number of ListCo Shares calculated in accordance with clauses 4.3(b) .

 

	 	(b)	A
    Note in respect of which a Conversion Notice has been given will be treated as having been cancelled and converted into Conversion
    Shares on the Conversion Date in respect of that Note.

 

	5	Assistance
    with Listing

 

	 	(a)	In
    relation to Conversion Shares issued upon conversion under clause 4.2, if the ASX requires, as a condition for the Listing to proceed,
    that any Conversion Shares must be subject to a restriction agreement pursuant to the ASX’s cash formula, then the Noteholder
    (and any other associated parties or controllers) must execute any restriction agreement in relation to those Conversion Shares required
    by the ASX.

 

    	 

    	Page 6

    

 

	 	(b)	The
    Noteholder hereby appoints the Issuer as its attorney to execute on its behalf the documents referred to in clause 5(a) and any other
    related or ancillary documents which are necessary or desirable to support the transactions or arrangements referred to in those
    documents.
	 	 	 
	 	(c)	Without
    limitation the Noteholder shall co-operate in good faith with the Issuer and comply with any reasonable request by the Issuer in
    relation to the Listing and must not do anything which adversely affects, or is likely to adversely affect, the Listing.

 

	6	Redemption
	 	 
	6.1	Early
    Redemption

 

At
any time prior to the Maturity Date, the Issuer may redeem any or all of the Notes held by the Noteholder that have not been redeemed
or converted, or are the subject of a Conversion Notice, by giving a Redemption Notice to the Noteholder and paying to the Noteholder
an amount equal to the Early Redemption Value in cash in respect of each Note specified in the Redemption Notice.

 

	6.2	Redemption
    time and payment
	 	 

The
Issuer must redeem each Note that has not been redeemed, converted, or is the subject of a Conversion Notice on the earlier of:

 

	 	(a)	the
    Maturity Date; and
	 	 	 
	 	(b)	the
    date of receipt by the Issuer of a written notice from the Noteholder that an Event of Default has occurred,

 

by
paying to the Noteholder an amount equal to the Maturity Redemption Value in cash in respect of the Note.

 

	6.3	Events
    of Default

 

Each
of the following is an Event of Default:

 

	 	(a)	Insolvency
    event

 

The
Issuer is, or is or may be deemed within the meaning of any applicable law to be, insolvent or unable to pay its debts; and

 

	 	(b)	Covenant

 

The
Issuer defaults in the due performance of any undertaking, condition or obligation on its part to be performed in accordance with the
Notes or this deed and has not rectified such default within 20 Business Days of being requested to do so in writing by the Noteholder.

 

	7	Register
    of Notes

 

The
Issuer must:

 

	 	(a)	establish
    and maintain, or cause to be established and maintained, a Register of Noteholders in accordance with all laws and record the details
    of the Noteholders’ interests;
	 	 	 
	 	(b)	ensure
    that the Register is open on each Business Day during normal business hours for inspection free of charge by a Noteholder or any
    person authorised in writing by a Noteholder; and

 

    	 

    	Page 7

    

 

	 	(c)	provide
    a copy of the Register or any part of it to a Noteholder within 2 Business Days of a request from the Noteholder. The Noteholder
    may rely on, and treat as genuine, the document provided by the Issuer in accordance with the request and purporting to be a copy.

 

	8	Transfers
	 	 
	 	A
    Noteholder may not transfer any Notes without the consent of the Issuer.

 

	9	Title
    to Notes, non-recognition of equities

 

	 	(a)	The
    Issuer must recognise only the Noteholder whose name appears in the Register as the absolute owner of the Note in respect of which
    it is entered in the Register.
	 	 	 
	 	(b)	The
    Issuer is not, except as ordered by a court of competent jurisdiction or as required by statute, bound to take notice of any trust
    or equity to which a Note may be subject or otherwise affecting the ownership of a Note or incidental rights. No details of any equity
    or trust contemplated by this clause 9(b) may be entered in the Register.
	 	 	 
	 	(c)	The
    receipt by the Noteholder of any money payable on the redemption of a Note will have the effect of discharging the obligations of
    the Issuer in respect of the amount payable on redemption despite any notice the Issuer may have of the right, title or interest
    of any person to, or in, that Note or money.

 

	10	Noteholder
    Warranty

 

The
Noteholder represents, warrants and agrees that it falls within one of the following categories:

 

	 	(a)	a
    “Sophisticated Investor” pursuant to section 708(8) of the Corporations Act;
	 	 	 
	 	(b)	a
    “Professional Investor” within the meaning of section 9 and pursuant to section 708(11) of the Corporations Act; or
	 	 	 
	 	(c)	a
    person to whom an offer is made pursuant to section 708(10) of the Corporations Act.

 

	11	Notices
	 	 
	11.1	General

 

	 	A
    notice or other communication connected with this deed (Notice) has no legal effect unless it is in writing and in addition
    to any other method of service provided by law, the Notice may be:
	 	 	 
	 	(a)	sent
    by prepaid post to the address of the addressee set out in this deed or subsequently notified, in which case it must be treated as
    given to and received by the party to which it is addressed on the second Business Day (at the address to which it is posted) after
    posting;
	 	 	 
	 	(b)	sent
    by facsimile to the facsimile number of the addressee notified by the addressee in which case if sent by facsimile before 5pm on
    a Business Day at the place of receipt it must be treated as given to and received by the party to which it is addressed on the day
    it is sent and otherwise on the next Business Day at the place of receipt;
	 	 	 
	 	(c)	sent
    by email to the email address of the addressee if sent by before 5pm on a Business Day at the place of receipt it must be treated
    as given to and received by the party to which it is addressed on the day it is sent and otherwise on the next Business Day at the
    place of receipt; or

 

    	 

    	Page 8

    

 

	 	(d)	delivered
    at the address of the addressee set out in this deed or subsequently notified, in which case if delivered before 5pm on a Business
    Day at the place of delivery it must be treated as given to and received by the party to which it is addressed upon delivery, and
    otherwise on the next Business Day at the place of delivery.

 

	11.2	Issuer’s
    address

 

The
Issuer’ address for service, facsimile number and electronic mail address are:

 

	 	Name:	Moboom
    Limited
	 	 	 
	 	Address:	Level
    4, 1 Howard Street, Perth WA 6000
	 	 	 
	 	Fax:	+61
    8 9481 0744
	 	 	 
	 	Email
    address:	melvin@moboom.com

 

	12	General

 

	12.1	Entire
    understanding

 

	 	(a)	This
    deed:

 

	 	(i)	is
    the entire agreement and understanding between the parties on everything connected with the subject matter of this deed; and
	 	 	 
	 	(ii)	supersedes
    any prior agreement or understanding on anything connected with that subject matter.

 

	 	(b)	Each
    party has entered into this deed without relying on any information or advice given or statement made (whether negligently or not)
    by any other party or any person purporting to represent that party.

 

	12.2	Severability

 

If
anything in this deed is unenforceable, illegal or void then it is severed and the rest of this deed remains in force.

 

	12.3	Variation

 

An
amendment or variation to this deed is not effective unless it is in writing and signed by all of the parties.

 

	12.4	Assignment

 

A
party may not assign or otherwise deal with this deed except with the prior written consent of every other party. A party is not required
to give consent or to justify the withholding of consent.

 

	12.5	Further
    assurance

 

Each
party must promptly at its own cost do all things (including executing and if necessary delivering all documents) necessary or desirable
to give full effect to this deed.

 

	12.6	Waiver

 

	 	(a)	A
    party’s failure or delay to exercise a power or right does not operate as a waiver of that power or right.

 

	 	(b)	The
    exercise of a power or right does not preclude either its exercise in the future or the exercise of any other power or right.
	 	 	 
	 	(c)	A
    waiver is not effective unless it is in writing.
	 	 	 
	 	(d)	Waiver
    of a power or right is effective only in respect of the specific instance to which it relates and for the specific purpose for which
    it is given.

 

	12.7	Costs
    and outlays

 

	 	(a)	Each
    party must pay its own costs and outlays connected with the negotiation, preparation and execution of this deed.
	 	 	 
	 	(b)	The
    Issuer must pay all stamp duty payable in connection with this deed and the issue of the Notes.

 

	12.8	Counterparts

 

This
deed may be executed in any number of counterparts. Each counterpart is an original but the counterparts together are one and the same
deed.

 

	12.9	Governing
    law and jurisdiction

 

The
law of New South Wales governs this deed and the parties submit to the non-exclusive jurisdiction of the courts of New South Wales.

 

    	 

    	Page 9

    

 

Schedule
1 – Subscriber details and details of Notes

 

	1	Subscriber	 

    

	2	Address
    for service of Notice	 
	3	Number
    of Notes	 
	4	Issue
    Price	 

 

    	 

    	Page 10

    

 

Schedule
2– Note Certificate

 

Moboom
Limited ACN 136 737 767

(Issuer)

 

Notes
Certificate

 

This
is to certify that:

 

(Noteholder)

 

of:

 

is
the registered holder of Notes in the Issuer,              such Notes being constituted by, issued pursuant to, and subject to the benefit and obligations
of the Convertible Note Deed dated             made between, inter alia, the Issuer and the Noteholder (Convertible Note Deed).

 

	Dated	20

 

Noteholders
are entitled to the benefit of, and are bound by, and are taken to have notice of, all the provisions of the Convertible Note Deed.

 

	Executed
                                            by Moboom Limited ACN 136 737 767 in accordance with section 127 of the Corporations
                                            Act 2001:

     

     
	 	 
	*Director/*Company
    Secretary	 	Director
	 	 	 
	 	 	 
	Name
                                            of *Director/*Company Secretary

    

    (BLOCK
    LETTERS)

    

    *please
    delete as appropriate
	 	Name
                                            of Director

    

    (BLOCK
    LETTERS)

 

    	 

    	Page 11

    

 

Schedule
3 – Issuer Conversion Notice

 

	To:	The
    Directors

 

(Noteholder)

 

Moboom
Limited (Issuer) give notice of election to convert the Notes specified below:

 

The
Issuer hereby advises that it shall redeem the Notes specified above and apply the Principal Sum in consideration for the issue and allotment
to the Noteholder of the shares in Issuer to which the Noteholder is entitled upon conversion of Notes in accordance with the Convertible
Note Deed dated made between, inter alia, the Issuer and Noteholder.

 

	Dated	20

 

	Executed
                                            by Moboom Limited ACN 136 737 767 in accordance with section 127 of the Corporations
                                            Act 2001:

     

     
	 	 
	*Director/*Company
    Secretary	 	Director
	 	 	 
	 	 	 
	Name
                                            of *Director/*Company Secretary

    

    (BLOCK
    LETTERS)

    

    *please
    delete as appropriate
	 	Name
                                            of Director

    

    (BLOCK
    LETTERS)

 

    	 

    	Page 12

    

 

Schedule
4 – Noteholder Conversion Notice

 

	To:	The
    Directors

 

Moboom
Limited (Issuer)

 

I/We
whose full name(s) and address(es) appear below give notice of election to convert the Notes specified below:

 

I/We
request that the Issuer redeem the Notes specified above and apply the Principal Sum in consideration for the issue and allotment to
me/us of the shares to which I am/we are entitled upon conversion of Notes in accordance with the Convertible Note Deed dated                 made
between, inter alia, the Issuer and                . I/We
agree to accept the shares issued and allotted to me/us subject to the Constitution of the Issuer.

 

	Dated	20

 

	 

    
	 	 
	*Director/*Company
    Secretary	 	Director
	 	 	 
	 	 	 
	Name
                                            of *Director/*Company Secretary

    

    (BLOCK
    LETTERS)

    

    *please
    delete as appropriate
	 	Name
                                            of Director

    

    (BLOCK
    LETTERS)

 

    	 

    	Page 13

    

 

Schedule
5– Redemption Notice

 

	To:	The
    Directors

 

(Noteholder)

 

Moboom
Limited (Issuer) give notice of election to redeem the Notes specified below:

 

The
Issuer hereby advises that it shall redeem the Notes specified above and pay to the Noteholder the Early Redemption Amount in respect
of each of the Notes referred to above in accordance with the Convertible Note Deed dated            made
between, inter alia, the Issuer and Noteholder.

 

	Dated	20

 

	Executed
                                            by Moboom Limited ACN 136 737 767 in accordance with section 127 of the Corporations
                                            Act 2001:

     

     
	 	 
	*Director/*Company
    Secretary	 	Director
	 	 	 
	 	 	 
	Name
                                            of *Director/*Company Secretary

    

    (BLOCK
    LETTERS)

    

    *please
    delete as appropriate
	 	Name
                                            of Director

    

    (BLOCK
    LETTERS)

 

    	 

    	Page 14

    

 

Executed
as a deed

 

	Executed
                                            by Moboom Limited ACN 136 737 767 in accordance with section 127 of the Corporations
                                            Act 2001:

     

     
	 	 
	*Director/*Company
    Secretary	 	Director
	 	 	 
	 	 	 
	Name
                                            of *Director/*Company Secretary

    

    (BLOCK
    LETTERS)

    

    *please
    delete as appropriate
	 	Name
                                            of Director

    

    (BLOCK
    LETTERS)

 

	Executed
                                            by ACN 156 208 285 in accordance with section 127 of the Corporations Act 2001:

     

     
	 	 
	*Director/*Company
    Secretary	 	Director
	 	 	 
	 	 	 
	Name
                                            of *Director/*Company Secretary

    

    (BLOCK
    LETTERS)

    

    *please
    delete as appropriate
	 	Name
                                            of Director

    

    (BLOCK
    LETTERS)

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00339-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00339-of-00352.parquet"}]]