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ADSLOT LTD. Capital/Financing Update 2010

Aug 29, 2010

64306_rns_2010-08-29_a6c8b803-5a64-44e9-a386-a2677603f661.pdf

Capital/Financing Update

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Rule 2.7, 3.10.3, 3.10.4, 3.10.5

Appendix 3B

New issue announcement, application for quotation of additional securities and agreement

Information or documents not available now must be given to ASX as soon as available. Information and documents given to ASX become ASX’s property and may be made public.

Introduced 1/7/96. Origin: Appendix 5. Amended 1/7/98, 1/9/99, 1/7/2000, 30/9/2001, 11/3/2002, 1/1/2003, 24/10/2005.

Name of entity

Webfirm Group Limited

ABN

70 001 287 510

We (the entity) give ASX the following information.

Part 1 - All issues

You must complete the relevant sections (attach sheets if there is not enough space).

1
+Class of+securities issued or to
be issued
2
Number of+securities issued or
to be issued (if known) or
maximum number which may be
issued
3
Principal terms of the+securities
(eg, if options, exercise price and
expiry
date;
if
partly
paid
+securities,
the
amount
outstanding and due dates for
payment;
if
+convertible
securities, the conversion price
and dates for conversion)
1) Unlisted
options
over
unissued
ordinary shares
2)Fully paid ordinaryshares
1) 3,000,000 unlisted options
2) 800,000 fully paid ordinary shares
1) Exercise price: 9.6 cents
Expiry: 29 August 2014
2) Exercise
of
800,000
employee
options at 10.0 cents per option
  • See chapter 19 for defined terms.

Appendix 3B Page 1

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ME_84095164_1 (W2003)

4 Do the[+] securities rank equally in 1) Unlisted options are issued in all respects from the date of accordance with the rules of the allotment with an existing[+] class Webfirm Group ESOP scheme. of quoted[+] securities? Upon exercise by the recipient, each If the additional securities do not option will convert into one ordinary rank equally, please state: share of the Company which will rank • the date from which they do equally with all securities of that • the extent to which they class. participate for the next 2) Yes dividend, (in the case of a trust, distribution) or interest payment • the extent to which they do not rank equally, other than in relation to the next dividend, distribution or interest payment 5 Issue price or consideration 1) Securities were issued for nil consideration. 2) $80,000 6 Purpose of the issue 1) Issued to an employee under the (If issued as consideration for the Webfirm Group ESOP scheme. acquisition of assets, clearly 2) Exercise of employee options identify those assets) 7 Dates of entering +securities 1) 31 August 2010 into uncertificated holdings or 2) 31 August 2010 despatch of certificates Number +Class 8 Number and +class of all 434,020,263 Fully paid ordinary shares +securities quoted on ASX ( including the securities in clause 2 if applicable)

ME_84095164_1 (W2003)

9
Number
and
+class
of
all
+securities not quoted on ASX
(including
the
securities
in
clause 2 if applicable)
Number +Class
62,887,260
2,100,000
8,200,003
2,000,000
51,700,000
15,500,000
2,000,000
3,000,000
Fully paid ordinary shares
restricted until 16 February
2011
Options exercisable before
10/04/11 @ 50.0c
Options exercisable before
30/06/12 @ 10.0c
Options exercisable before
22/10/12 @ 9.0c
Options exercisable before
31/01/13 @ 5.3c
Options exercisable before
31/01/13 @ 5.6c
Options exercisable before
9/07/14 @ 15.1c
Options exercisable before
9/07/14 @ 9.6c

10 Dividend policy (in the case of a There has been no change to Webfirm Group trust, distribution policy) on the Limited's dividend policy increased capital (interests)

  • See chapter 19 for defined terms.

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ME_84095164_1 (W2003)

Part 2 - Bonus issue or pro rata issue

11 Is
security
holder
approval
required?
12 Is the issue renounceable or non‐
renounceable?
13 Ratio in which the+securities
will be offered
14 +Class of+securities to which the
offer relates
15 +Record
date
to
determine
entitlements
16 Will
holdings
on
different
registers (or subregisters) be
aggregated
for
calculating
entitlements?
17 Policy for deciding entitlements
in relation to fractions
18 Names of countries in which the
entity has+security holders who
will not be sent new issue
documents
Note: Security holders must be told how their
entitlements are to be dealt with.
Cross reference: rule 7.7.
19 Closing
date
for
receipt
of
acceptances or renunciations
20 Names of any underwriters
21 Amount of any underwriting fee
or commission
22 Names of any brokers to the
issue
23 Fee or commission payable to
the broker to the issue

ME_84095164_1 (W2003)

24 Amount of any handling fee
payable to brokers who lodge
acceptances or renunciations on
behalf of+security holders
25 If the issue is contingent on
+security holders’ approval, the
date of the meeting
26 Date entitlement and acceptance
form and prospectus or Product
Disclosure Statement will be sent
to persons entitled
27 If the entity has issued options,
and the terms entitle option
holders
to
participate
on
exercise, the date on which
notices will be sent to option
holders
28 Date rights trading will begin (if
applicable)
29 Date rights trading will end (if
applicable)
30 How do+security holders sell
their entitlements_in full_through
a broker?
31 How do+security holders sell
part
of
their
entitlements
through a broker and accept for
the balance?
32 How do+security holders dispose
of their entitlements (except by
sale through a broker)?
33 +Despatch date
  • See chapter 19 for defined terms.

Appendix 3B Page 5

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ME_84095164_1 (W2003)

Part 3 - Quotation of securities

You need only complete this section if you are applying for quotation of securities

34 Type of securities ( tick one )

  • (a) Securities described in Part 1 (Unrestricted securities)

  • (b) � All other securities

  • For 800,000 fully paid ordinary shares only (exercise of options)

Example: restricted securities at the end of the escrowed period, partly paid securities that become fully paid, employee incentive share securities when restriction ends, securities issued on expiry or conversion of convertible securities

Entities that have ticked box 34(a)

Additional securities forming a new class of securities

Tick to indicate you are providing the information or documents

35 If the[+] securities are[+] equity securities, the names of the 20 largest holders of the additional[+] securities, and the number and percentage of additional[+] securities held by those holders

  • 36 If the[+] securities are[+] equity securities, a distribution schedule of the additional +securities setting out the number of holders in the categories 1 ‐ 1,000 1,001 ‐ 100,000 100,001 – 1,000,000 1,000,001 – 10,000,000 10,000,001 and over

37 A copy of any trust deed for the additional[+] securities

Entities that have ticked box 34(b)

38 Number of securities for which 800,000 +quotation is sought

  • See chapter 19 for defined terms.

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39 Class of +securities for which Fully paid ordinary shares quotation is sought 40 Do the[+] securities rank equally in Yes all respects from the date of allotment with an existing[+] class of quoted[+] securities? If the additional securities do not rank equally, please state: • the date from which they do • the extent to which they participate for the next dividend, (in the case of a trust, distribution) or interest payment • the extent to which they do not rank equally, other than in relation to the next dividend, distribution or interest payment 41 Reason for request for quotation Exercise of 800,000 employee options at 10.0 now cents per option Example: In the case of restricted securities, end of restriction period (if issued upon conversion of another security, clearly identify that other security) Number +Class 42 Number and +class of all 434,020,263 Fully paid ordinary +securities quoted on ASX shares ( including the securities in clause 38)

  • See chapter 19 for defined terms.

Appendix 3B Page 7

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ME_84095164_1 (W2003)

Quotation agreement

  • 1 +Quotation of our additional +securities is in ASX’s absolute discretion. ASX may quote the[+] securities on any conditions it decides.

  • 2 We warrant the following to ASX.

  • The issue of the[+] securities to be quoted complies with the law and is not for an illegal purpose.

  • There is no reason why those[+] securities should not be granted +quotation.

  • An offer of the[+] securities for sale within 12 months after their issue will not require disclosure under section 707(3) or section 1012C(6) of the Corporations Act.

Note: An entity may need to obtain appropriate warranties from subscribers for the securities in order to be able to give this warranty

  • Section 724 or section 1016E of the Corporations Act does not apply to any applications received by us in relation to any[+] securities to be quoted and that no‐one has any right to return any[+] securities to be quoted under sections 737, 738 or 1016F of the Corporations Act at the time that we request that the[+] securities be quoted.

  • If we are a trust, we warrant that no person has the right to return the +securities to be quoted under section 1019B of the Corporations Act at the time that we request that the[+] securities be quoted.

  • 3 We will indemnify ASX to the fullest extent permitted by law in respect of any claim, action or expense arising from or connected with any breach of the warranties in this agreement.

  • 4 We give ASX the information and documents required by this form. If any information or document not available now, will give it to ASX before +quotation of the +securities begins. We acknowledge that ASX is relying on the information and documents. We warrant that they are (will be) true and complete.

Sign here: Date: 30 August 2010

(Company Secretary)

Print name: GAVAN FLOWER

  • See chapter 19 for defined terms.

Appendix 3B Page 8

1/1/2003