CLEARVUE TECHNOLOGIES LIMITED — Share Issue/Capital Change 2023

Oct 30, 2023

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

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Announcement Summary

Entity name

CLEARVUE TECHNOLOGIES LIMITED

Date of this announcement

Tuesday October 31, 2023

The +securities the subject of this notification are:

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+Other securities issued under an +employee incentive scheme that are not intended to be quoted on ASX

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	Options	1,000,000	30/10/2023
to be confirmed
New class - code	Class D Performance Rights	1,000,000	30/10/2023
to be confirmed
New class - code	Class E Performance Rights	500,000	30/10/2023
to be confirmed
New class - code	Class F Performance Rights	500,000	30/10/2023
to be confirmed
New class - code	Class G Performance Rights	1,000,000	30/10/2023
to be confirmed
New class - code	Class H Performance Rights	500,000	30/10/2023
to be confirmed
New class - code	Class I Performance Rights	500,000	30/10/2023
to be confirmed
New class - code	Class J Performance Rights	1,000,000	30/10/2023
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

CLEARVUE TECHNOLOGIES LIMITED

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

1.2 Registered number type

ACN

Registration number

071397487

1.3 ASX issuer code

CPV

1.4 The announcement is

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New announcement

1.5 Date of this announcement

31/10/2023

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Part 2 - Issue details

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2.1 The +securities the subject of this notification are:

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+Other securities issued under an +employee incentive scheme that are not intended to be quoted on ASX

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")

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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

ASX +security code +Security description New class - code to be confirmed Options +Security type ISIN code Options Date the +securities the subject of this notification were issued 30/10/2023 Will all the +securities issued in this class rank equally in all respects from their issue date? Yes Were any of the +securities issued to +key management personnel (KMP) or an +associate? No 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. Underlying terms are contained in the Employee Securities Incentive Plan at the following link: https://www.clearvuepv.com/wp-content/uploads/2021/11/Employee-Securities-Incentive-Plan-all-in-one-%E2%80%93-C PV-approved-25-Nov-2021.pdf Options Details +Security currency Exercise price Expiry date AUD - Australian Dollar AUD 0.00000000 30/10/2027 Details of the existing class of +security that will be issued upon exercise or conversion of this new class of company option Other Description 1 fully paid ordinary share for every 1 option exercised Please provide a URL link for a document lodged with ASX detailing the terms of the +employee incentive scheme or a summary of the terms https://www.clearvuepv.com/wp-content/uploads/2021/11/Employee-Securities-Incentive-Plan-all-in-one-%E2%80%93-C PV-approved-25-Nov-2021.pdf

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

Vesting condition: Options are exercisable where the share price for the Company reaches A$0.50 and maintains a VWAP of A$0.50 for at least 14 days within and prior to the expiry date.

Issue details

Number of +securities

1,000,000
ASX +security code New class - code to be confirmed +Security description Class D Performance Rights
+Security type ISIN code
Other
Date the +securities the subject of this notification were issued
30/10/2023
Will all the +securities issued in this class rank equally in all respects from their issue date?
Yes
Were any of the +securities issued to +key management personnel (KMP) or an +associate?
No
Please provide a URL link for a document lodged with ASX setting out the material terms of the +securities being
issued. Underlying terms are contained in the Employee Securities Incentive Plan at the following link: https://www.clearvuepv.com/wp-content/uploads/2021/11/Employee-Securities-Incentive-Plan-all-in-one-%E2%80%93-C PV-approved-25-Nov-2021.pdf
Please provide a URL link for a document lodged with ASX detailing the terms of the +employee incentive scheme
or a summary of the terms https://www.clearvuepv.com/wp-content/uploads/2021/11/Employee-Securities-Incentive-Plan-all-in-one-%E2%80%93-C PV-approved-25-Nov-2021.pdf

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

Vesting condition: The performance rights will vest with the participant assisting the Company to complete development and testing of vision and Spandrel Glass to achieve an A2 SO D1 fire rating confirmed by independent third party testing, with such testing party approved by the Company and certified to the EN13501.1 standard before the end of the expiry date on 30 October 2027.

Issue details

Number of +securities

1,000,000

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----- Start of picture text -----

ASX +security code +Security description
New class - code to be confirmed Class E Performance Rights
+Security type ISIN code
Other
Date the +securities the subject of this notification were issued
30/10/2023
Will all the +securities issued in this class rank equally in all respects from their issue date?
Yes
Were any of the +securities issued to +key management personnel (KMP) or an +associate?
No
Please provide a URL link for a document lodged with ASX setting out the material terms of the +securities being
issued.
Underlying terms are contained in the Employee Securities Incentive Plan at the following link:
https://www.clearvuepv.com/wp-content/uploads/2021/11/Employee-Securities-Incentive-Plan-all-in-one-%E2%80%93-C
PV-approved-25-Nov-2021.pdf
Please provide a URL link for a document lodged with ASX detailing the terms of the +employee incentive scheme
or a summary of the terms
https://www.clearvuepv.com/wp-content/uploads/2021/11/Employee-Securities-Incentive-Plan-all-in-one-%E2%80%93-C
PV-approved-25-Nov-2021.pdf
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Any other information the entity wishes to provide about the +securities the subject of this notification

Vesting condition: If the participant introduces an equity investor to the Company where an Equity Investment transaction is concluded and/or the participant has carriage of concluding a equity investment before the expiry date on 30 October 2027.

Issue details

Number of +securities

500,000
ASX +security code New class - code to be confirmed +Security description Class F Performance Rights
+Security type ISIN code
Other
Date the +securities the subject of this notification were issued
30/10/2023
Will all the +securities issued in this class rank equally in all respects from their issue date?
Yes
Were any of the +securities issued to +key management personnel (KMP) or an +associate?
No
Please provide a URL link for a document lodged with ASX setting out the material terms of the +securities being
issued. Underlying terms are contained in the Employee Securities Incentive Plan at the following link: https://www.clearvuepv.com/wp-content/uploads/2021/11/Employee-Securities-Incentive-Plan-all-in-one-%E2%80%93-C PV-approved-25-Nov-2021.pdf
Please provide a URL link for a document lodged with ASX detailing the terms of the +employee incentive scheme
or a summary of the terms https://www.clearvuepv.com/wp-content/uploads/2021/11/Employee-Securities-Incentive-Plan-all-in-one-%E2%80%93-C PV-approved-25-Nov-2021.pdf

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

Vesting condition: If the participant introduces a strategic investor to the Company where a Strategic Investment transaction is concluded and/or the participant has carriage of concluding a Strategic Investment before the expiry date on 30 October 2027.

Issue details

Number of +securities 500,000	Number of +securities 500,000	Number of +securities 500,000
ASX +security code New class - code to be confirmed +Security description Class G Performance Rights +Security type Other ISIN code Date the +securities the subject of this notification were issued 30/10/2023 Will all the +securities issued in this class rank equally in all respects from their issue date? Were any of the +securities issued to +key management personnel (KMP) or an +associate? Please provide a URL link for a document lodged with ASX setting out the material terms of the +securities being issued. Underlying terms are contained in the Employee Securities Incentive Plan at the following link: https://www.clearvuepv.com/wp-content/uploads/2021/11/Employee-Securities-Incentive-Plan-all-in-one-%E2%80%93-C PV-approved-25-Nov-2021.pdf Please provide a URL link for a document lodged with ASX detailing the terms of the +employee incentive scheme or a summary of the terms https://www.clearvuepv.com/wp-content/uploads/2021/11/Employee-Securities-Incentive-Plan-all-in-one-%E2%80%93-C PV-approved-25-Nov-2021.pdf Any other information the entity wishes to provide about the +securities the subject of this notification No Yes
	Vesting condition: If the participant is able to assist the Company to complete an uplisting of its OTCQB US or ASX listing on to the main US board of the NASDAQ or the NYSE before the expiry date on 30 October 2027, or have commenced
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such a process at least 3 months before the expiry date and such uplisting is completed within a further 6 months after the end of the expiry date.

	Issue details
	Number of +securities
	1,000,000
	ASX +security code New class - code to be confirmed +Security description Class H Performance Rights
	+Security type ISIN code
	Other
	Date the +securities the subject of this notification were issued
	30/10/2023
	Will all the +securities issued in this class rank equally in all respects from their issue date?
	Yes
	Were any of the +securities issued to +key management personnel (KMP) or an +associate?
	No
	Please provide a URL link for a document lodged with ASX setting out the material terms of the +securities being
	issued. Underlying terms are contained in the Employee Securities Incentive Plan at the following link: https://www.clearvuepv.com/wp-content/uploads/2021/11/Employee-Securities-Incentive-Plan-all-in-one-%E2%80%93-C PV-approved-25-Nov-2021.pdf
	Please provide a URL link for a document lodged with ASX detailing the terms of the +employee incentive scheme
	or a summary of the terms https://www.clearvuepv.com/wp-content/uploads/2021/11/Employee-Securities-Incentive-Plan-all-in-one-%E2%80%93-C PV-approved-25-Nov-2021.pdf
	Any other information the entity wishes to provide about the +securities the subject of this notification Vesting condition: Where the share price for the Company reaches A$0.50 and maintains a VWAP of A$0.50 for at least 14 days within and prior to the expiry date on 30 November 2025.

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Issue details

Number of +securities

500,000
ASX +security code New class - code to be confirmed +Security description Class I Performance Rights
+Security type ISIN code
Other
Date the +securities the subject of this notification were issued
30/10/2023
Will all the +securities issued in this class rank equally in all respects from their issue date?
Yes
Were any of the +securities issued to +key management personnel (KMP) or an +associate?
No
Please provide a URL link for a document lodged with ASX setting out the material terms of the +securities being
issued. Underlying terms are contained in the Employee Securities Incentive Plan at the following link: https://www.clearvuepv.com/wp-content/uploads/2021/11/Employee-Securities-Incentive-Plan-all-in-one-%E2%80%93-C PV-approved-25-Nov-2021.pdf
Please provide a URL link for a document lodged with ASX detailing the terms of the +employee incentive scheme
or a summary of the terms https://www.clearvuepv.com/wp-content/uploads/2021/11/Employee-Securities-Incentive-Plan-all-in-one-%E2%80%93-C PV-approved-25-Nov-2021.pdf
Any other information the entity wishes to provide about the +securities the subject of this notification Vesting condition: In the event the Company receives revenue of A$1.5m from the sale of its own products (incorporating the CPV technology) during a 12 month period before the expiry date on 30 November 2025.

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Issue details

Number of +securities

500,000
ASX +security code New class - code to be confirmed +Security description Class J Performance Rights
+Security type ISIN code
Other
Date the +securities the subject of this notification were issued
30/10/2023
Will all the +securities issued in this class rank equally in all respects from their issue date?
Yes
Were any of the +securities issued to +key management personnel (KMP) or an +associate?
No
Please provide a URL link for a document lodged with ASX setting out the material terms of the +securities being
issued. Underlying terms are contained in the Employee Securities Incentive Plan at the following link: https://www.clearvuepv.com/wp-content/uploads/2021/11/Employee-Securities-Incentive-Plan-all-in-one-%E2%80%93-C PV-approved-25-Nov-2021.pdf
Please provide a URL link for a document lodged with ASX detailing the terms of the +employee incentive scheme
or a summary of the terms https://www.clearvuepv.com/wp-content/uploads/2021/11/Employee-Securities-Incentive-Plan-all-in-one-%E2%80%93-C PV-approved-25-Nov-2021.pdf
Any other information the entity wishes to provide about the +securities the subject of this notification Vesting condition: In the event the Company receives revenue of A$3m from the sale of its own products (incorporating the CPV technology) during a 12 month period before the expiry date on 30 November 2025.

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Issue details

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Number of +securities

1,000,000

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Part 4 - +Securities on issue

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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
CPV : ORDINARY FULLY PAID	228,621,757
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
CPVAK : OPTION EXPIRING 30-NOV-2024 EX $0.30	3,000,000
CPVAL : OPTION EXPIRING 30-NOV-2025 EX $0.40	2,500,000
CPVAM : OPTION EXPIRING 30-NOV-2026 EX $0.50	3,000,000
CPVAF : OPTION EXPIRING 11-JUL-2024 EX $0.1425	300,000
CPVAH : PERFORMANCE RIGHTS	10,000,000
CPVAG : OPTION EXPIRING 22-DEC-2023 EX $0.25	800,000
CPVAN : OPTION EXPIRING 12-JUL-2027 EX $0.2475	3,000,000
CPVAJ : OPTION EXPIRING 02-FEB-2024 EX $0.37	3,000,000
CPVAI : OPTION EXPIRING 30-JUN-2024 EX $0.75	2,000,000
New class - code to be confirmed : Options	1,000,000
New class - code to be confirmed : Class D Performance Rights	1,000,000
New class - code to be confirmed : Class E Performance Rights	500,000
New class - code to be confirmed : Class F Performance Rights	500,000

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

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Notification of Issue, Conversion or Payment up of Unquoted Equity Securities
New class - code to be confirmed : Class G Performance Rights	1,000,000
New class - code to be confirmed : Class H Performance Rights	500,000
New class - code to be confirmed : Class I Performance Rights	500,000
New class - code to be confirmed : Class J Performance Rights	1,000,000

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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? Yes

5.1a Select the number of the applicable exception in Listing Rule 7.2

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