DATAWORKS GROUP LIMITED — Capital/Financing Update 2021

Jun 23, 2021

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

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Announcement Summary

Entity name

IXUP LIMITED

Date of this announcement

Thursday June 24, 2021

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 OPTION EXPIRING 30-JUN-2023 EX $0.28 2,000,000 24/06/2021 to be confirmed

Refer to next page for full details of the announcement

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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

IXUP 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

ABN

Registration number

85612182368

1.3 ASX issuer code

IXU

1.4 The announcement is

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New announcement

1.5 Date of this announcement

24/6/2021

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

Part 2 - Issue details

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2.1 The +securities the subject of this notification are:

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Other

Please specify

Issue of unlisted options in consideration for services provided to IXU

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

New +securities ASX +security code +Security description New class - code to be confirmed OPTION EXPIRING 30-JUN-2023 EX $0.28 +Security type ISIN code Options Date the +securities the subject of this notification were issued 24/6/2021 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 options have an expiry date which is 2 years from the date of issue.

Options Details
+Security currency	Exercise price	Expiry date
AUD - Australian Dollar	AUD 0.28000000	30/6/2023
Details of the existing class of +security that will be issued upon exercise or conversion of this new class of
company option
Other
Description
OPTION EXPIRING 30-JUN-2023 EX $0.28

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

Issue of 2,000,000 unlisted and unvested (vesting 31 Dec 2021) options, each exercisable at $0.28 per option, expiring on 30 June 2023.

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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

Pursuant to the non-material commercial agreement with Checkside Pty Ltd, the Company has agreed to issue 2,000,000 unlisted options in consideration for services provided to the Company.

Issue details

Number of +securities

2,000,000

Were the +securities issued for a cash consideration?

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No

Please describe the consideration being provided for the +securities

Issue of consideration to a non-material commercial partner of the Company for services to be rendered over a 6 month engagement period.

Purpose of the issue

To pay for services rendered

Additional Details

Pursuant to the non-material commercial agreement with Checkside Pty Ltd

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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
IXU : ORDINARY FULLY PAID	703,995,838
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
IXUAH : OPTION EXPIRING 22-OCT-2022 EX $0.08	10,000,000
IXUAE : OPTION EXPIRING VAR DATES EX VAR PRICES	74,451,469
IXUAF : PERFORMANCE RIGHTS	31,250,000
IXUAJ : OPTION EXPIRING 03-FEB-2023 EX $0.10	24,000,000
IXUAI : OPTION EXPIRING 03-FEB-2023 EX $0.10	48,502,656
IXUAK : OPTION EXPIRING 03-FEB-2025 EX $0.10	40,000,000
IXUAG : OPTION EXPIRING 31-JUL-2024 EX 2C	28,000,000
New class - code to be confirmed : OPTION EXPIRING 30-JUN-2023 EX $0.28	2,000,000

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? Yes

5.2b.1 How many +securities are being issued without +security holder approval using the entity's 15% placement capacity under listing rule 7.1?

2,000,000 unlisted options

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)? N/A

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