DATAWORKS GROUP LIMITED — Director's Dealing 2018

Nov 18, 2018

Appendix 3X Initial Director’s Interest Notice

Rule 3.19A.1

Appendix 3X

Initial Director’s Interest Notice

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 30/9/2001.

Name of entity	IXUP Limited
ABN	85 612 182 368

We (the entity) give ASX the following information under listing rule 3.19A.1 and as agent for the director for the purposes of section 205G of the Corporations Act.

Name of DirectorDate of appointment	Grant Paterson
	13 November 2018

Part 1 - Director’s relevant interests in securities of which the director is the registered holder

In the case of a trust, this includes interests in the trust made available by the responsible entity of the trust

Note: In the case of a company, interests which come within paragraph (i) of the definition of “notifiable interest of a director” should be disclosed in this part.

Number & class of securities

Nil

• See chapter 19 for defined terms.

11/3/2002

Appendix 3X Page 1

Appendix 3X Initial Director’s Interest Notice

Part 2 – Director’s relevant interests in securities of which the director is not the registered holder

In the case of a trust, this includes interests in the trust made available by the responsible entity of the trust

Name of holder & nature of	Number & class of Securities
interest
Note: Provide details of the circumstances giving rise to
the relevant interest.
Brown Bricks Pty Ltd <HM A/C>	4,904,167 Fully Paid Ordinary Shares
Greyskull Nominees Pty Ltd	2,000,000 Unlisted Options, exercisable at 25 cents per
	option and which expire on 15 November 2022

Part 3 – Director’s interests in contracts

Note: In the case of a company, interests which come within paragraph (ii) of the definition of “notifiable interest of a director” should be disclosed in this part.

Detail of contract	Under	the terms contained in Mr Paterson’s letter of
	appointment with IXUP Limited, part of Mr Paterson’s
	remuneration includes the issue of securities in the
	Company, in addition to cash payment, as was
	announced to the ASX on 13 November 2018.
Nature of interest	Mr Paterson will be issued with the following:
	•	A grant of 750,000 options, vesting over 3
		years and at strike price of 25 cents per
		option; and
	•	750,000 IXUP performance rights, being
		250,000 Class A, 250,000 Class B and
		250,000 Class C performance rights.
	Performance Criteria for all classes of performance
	rights	are:
	•	2 years of continuous engagement,
		AND
	•	The Company achieving Cumulative
		Contracted Revenue of:
		oClass A AU$5 million
		oClass B AU$10 million
		oClass C AU$15 million
Name of registered holder	N/A
(if issued securities)

• See chapter 19 for defined terms.

Appendix 3X Page 2

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Appendix 3X Initial Director’s Interest Notice

No. and class of securities towhich interest relates	•A grant of 750,000 options, vesting over 3years and at strike price of 25 cents peroption; and•750,000 IXUP performance rights, being250,000 Class A, 250,000 Class B and250,000 Class C performance rights.

• See chapter 19 for defined terms.

11/3/2002

Appendix 3X Page 3