AEROMETREX LIMITED — Share Issue/Capital Change 2019

Dec 8, 2019

Aerometrex Limited

ACN 153 103 925

(Company )

Terms of options

The terms and conditions of the options granted to Matthew Duval White, are as follows:

Name of Option Holder	Matthew Duval White
Residential address	20D William Street, Norwood SA 5067
Grant Date	21 October 2019
Total number of options	500,000 options, each to acquire one fully paid ordinary
	share in the Company (Share):
	•during the exercise period;
	•subject to the terms and conditions specified below;
	and
	•provided any acquisition of shares does not breach
	the Corporations Act or the ASX Listing Rules.
Issue price	Nil
Exercise Price	$1.25 per option.
Exercise of option	To exercise options, the Option Holder must provide to the
	Company at its registered office written notice of the
	exercise of the options together with payment of the
	Exercise Price prior to the Expiry Date. The Company will
	process all relevant documents received at the end of the
	calendar month.
	Upon the exercise of an option and receipt of all relevant
	documents and payment, the Option Holder will be allotted
	and issued a Share in the Company within 10 business
	days (in South Australia), and such Shares shall rank pari
	passu with the then issued Shares.
	If the Company is listed on the official list of the ASX and
	subject to any restrictions under the ASX listing rules, the
	Company will apply for official quotation by ASX of any
	Share issued upon exercise of the option on or before the
	third business day (in South Australia) on which ASX is
	open after the date of allotment of the Share.
Disposal restrictions	The legal or a beneficial interest in an option may not be
	sold, transferred or otherwise disposed of without the prior
	written consent of the Board of the Company. The above
	restriction on selling, transferring or disposing of options
	and Sharesisinadditionto, andnotinsubstitution for, any

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	other restrictions on selling, transferring or disposing ofoptions and Shares that the Option Holder may haveagreed to or may agree to.
Participating rights	There will be no participating rights or entitlements inherentin the options and the Option Holder will not be entitled toparticipate in new issues of capital which may be offered toshareholders during the currency of the options.However, the Company will ensure that for the purposes ofdetermining entitlements to any such issue, the record datewill be at least seven business days (in South Australia)after the issue is announced. This will give the OptionHolder the opportunity (where available) to exercise theoptions prior to the date of determining entitlements toparticipate in any such issue.
Bonus issue rights	If there is a bonus issue (Bonus Issue) to shareholders, thenumber of Shares over which an option is exercisable willbe increased by the number of Shares which the OptionHolder would have received if the option had beenexercised before the record date for the Bonus Issue(Bonus Shares).The Bonus Shares must be paid up by the Company out ofprofits or reserves (as the case may be) in the samemanner as was applied in the Bonus Issue, and upon issuewill rank equally in all respects with the other ordinaryShares on issue as at the date of issue of the BonusShares.
Expiry Date	The second anniversary of the first date of quotation of theCompany’s Shares on ASX.
Forfeiture	Options that have not been exercised are forfeited on theExpiry Date and can never be exercised after that date.
Listing Rules	If and to the extent any of the preceding terms areinconsistent with the rules or requirements of any stockexchange on which Shares are listed or are proposed to belisted from time to time, the rules of the relevant stockexchange will prevail in all respects to the extent of theinconsistency.Without limiting the above, if the Company is listed on theofficial list of the ASX, the terms of the options may beunilaterally changed by the Company to the extentnecessary to comply with the ASX listing rules applying toreorganisation of capital at the time of the reorganisation.

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