ASSET VISION CO LTD — Capital/Financing Update 2022

Aug 11, 2022

Notification of Issue, Conversion or Payment up of Unquoted Equity Securities

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Announcement Summary

Entity name

FUTURE FIRST TECHNOLOGIES LTD

Date of this announcement

Friday August 12, 2022

The +securities the subject of this notification are: Other

Total number of +securities to be issued/transferred

		Total number of
ASX +security		+securities to be
code	Security description	issued/transferred	Issue date
New class - code	Unlisted Options	14,000,000	12/08/2022
to be confirmed

Refer to next page for full details of the announcement

Notification of Issue, Conversion or Payment up of Unquoted E it S iti

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Notification of Issue, Conversion or Payment up of Unquoted Equity Securities

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Part 1 - Entity and announcement details

1.1 Name of entity

FUTURE FIRST TECHNOLOGIES LTD

We (the entity named above) give notice of the issue, conversion or payment up of the following unquoted +securities.

1.2 Registered number type

ABN

Registration number

50164718361

1.3 ASX issuer code

FFT

1.4 The announcement is

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New announcement

1.5 Date of this announcement

12/8/2022

Notification of Issue, Conversion or Payment up of Unquoted E it S iti

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Notification of Issue, Conversion or Payment up of Unquoted Equity Securities

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Part 2 - Issue details

2.1 The +securities the subject of this notification are:

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Other

Please specify

14,000,000 Unlisted Options

2.2a This notification is given in relation to an issue of +securities in a class which is not quoted on ASX and which:

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does not have an existing ASX security code ("new class")

Notification of Issue, Conversion or Payment up of Unquoted E it S iti

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Notification of Issue, Conversion or Payment up of Unquoted Equity Securities

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Part 3C - number and type of +securities the subject of this notification (new class) where issue has not previously been notified to ASX in an Appendix 3B

New +securities ASX +security code +Security description New class - code to be confirmed Unlisted Options +Security type ISIN code Options Date the +securities the subject of this notification were issued 12/8/2022 Will all the +securities issued in this class rank equally in all respects from their issue date? Yes Have you received confirmation from ASX that the terms of the +securities are appropriate and equitable under listing rule 6.1? No

Please provide a URL link for a document lodged with ASX setting out the material terms of the +securities being issued. The terms of the 14,000,000 unlisted options were detail in the Appendix 3B as follows: https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02522599-3A593787?access_token=83-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02522599-3A593787?access_token=83api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02522599-3A593787?access_token=83-gateway/ASX/asx-research/1.0/file/2924-02522599-3A593787?access_token=83gateway/ASX/asx-research/1.0/file/2924-02522599-3A593787?access_token=83-research/1.0/file/2924-02522599-3A593787?access_token=83research/1.0/file/2924-02522599-3A593787?access_token=83-02522599-3A593787?access_token=8302522599-3A593787?access_token=83-3A593787?access_token=833A593787?access_token=83 ff96335c2d45a094df02a206a39ff4

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The terms of the 14,000,000 unlisted options were detail in the Appendix 3B as follows:
https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02522599-3A593787?access_token=83-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02522599-3A593787?access_token=83api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02522599-3A593787?access_token=83-gateway/ASX/asx-research/1.0/file/2924-02522599-3A593787?access_token=83gateway/ASX/asx-research/1.0/file/2924-02522599-3A593787?access_token=83-research/1.0/file/2924-02522599-3A593787?access_token=83research/1.0/file/2924-02522599-3A593787?access_token=83-02522599-3A593787?access_token=8302522599-3A593787?access_token=83-3A593787?access_token=833A593787?access_token=83
ff96335c2d45a094df02a206a39ff4
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Options Details
+Security currency	Exercise price	Expiry date
AUD - Australian Dollar	AUD 0.05000000	14/5/2025
Details of the existing class of +security that will be issued upon exercise or conversion of this new class of
company option
FFTAB : OPTION EXPIRING VARIOUS DATES EX VARIOUS PRICES

Any other information the entity wishes to provide about the +securities the subject of this notification

14,000,000 unlisted options with an exercise price of $0.05 with a three year term ending on 14 May 2025

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Notification of Issue, Conversion or Payment up of Unquoted Equity Securities

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Please provide any further information needed to understand the circumstances in which you are notifying the issue of these +securities to ASX, including why the issue of the +securities has not been previously announced to the market in an Appendix 3B

N/A

Issue details

Number of +securities

14,000,000

Were the +securities issued for a cash consideration?

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No

Please describe the consideration being provided for the +securities

Services provided to the Company

Purpose of the issue

To pay for services rendered

Additional Details

N/A

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Notification of Issue, Conversion or Payment up of Unquoted Equity Securities

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Part 4 - +Securities on issue

Following the issue, conversion or payment up of the +securities the subject of this application, the +securities of the entity will comprise:

(A discrepancy in these figures compared to your own may be due to a matter of timing if there is more than one application for quotation/issuance currently with ASX for processing.)

4.1 Quoted +Securities (Total number of each +class of +securities quoted)

	Total number of
ASX +security code and description	+securities on issue
FFT : ORDINARY FULLY PAID	670,224,800
4.2 Unquoted +Securities (Total number of each +class of +securities issued but	not quoted on ASX)
	Total number of
ASX +security code and description	+securities on issue
FFTAB : OPTION EXPIRING VARIOUS DATES EX VARIOUS PRICES	22,040,000
New class - code to be confirmed : Unlisted Options	14,000,000

4.2 Unquoted +Securities (Total number of each +class of +securities issued but not quoted on ASX)

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Part 5 - Other Listing Rule requirements

5.1 Were the +securities issued under an exception in Listing Rule 7.2 and therefore the issue did not need any security holder approval under Listing Rule 7.1? No

5.2 Has the entity obtained, or is it obtaining, +security holder approval for the issue under listing rule 7.1? No

5.2b Are any of the +securities being issued without +security holder approval using the entity's 15% placement capacity under listing rule 7.1? No

5.2c Are any of the +securities being issued without +security holder approval using the entity's additional 10% placement capacity under listing rule 7.1A (if applicable)? Yes

5.2c.1 How many +securities are being issued without +security holder approval using the entity's additional 10% placement capacity under listing rule 7.1A?

14,000,000

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