DATAWORKS GROUP LIMITED — Share Issue/Capital Change 2021

Oct 6, 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 October 07, 2021

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
IXUAF	PERFORMANCE RIGHTS	11,000,000	05/10/2021

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

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

7/10/2021

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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 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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has an existing ASX security code ("existing class")

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

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

ASX +security code and description

IXUAF : PERFORMANCE RIGHTS

Date the +securities the subject of this notification were issued

5/10/2021

Will these +securities rank equally in all respects from their issue date with the existing issued +securities in that class 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 detailing the terms of the +employee incentive scheme or a summary of the terms Resolution 4 of the EGM held on 30 July 2021 - refer https://investors.ixup.com/DownloadFile.axd?file=/Report/ComNews/20210630/02389470.pdf

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

1. 5m Class A Rights where a) 2.5m Rights vest upon introduction and completion of 1 or more transactions that add an aggregate of at least A$2.5m in revenue to the Group in any Measurement Period; b) 2.5m Rights vest upon introduction and completion of 1 or more transactions that add an aggregate of at least A$6.5m in revenue to the Group in any Measurement Period; and c) provided that, as soon as the A$6.5m revenue threshold above is reached or exceeded in a particular Measurement Period as a result of one or more transactions introduced, all 5m Rights vest.

2. 6m Class B Performance Rights, upon the last to occur of each of a) the VWAP of IXUP shares trading on ASX during any rolling period of 20 continuous trading days meets or exceeds a level which is 33% higher than the closing price for IXUP shares as at the grant date; b) the Group achieves revenue of at least A$5m in any Measurement Period; and c) the recipient has been engaged by the Group for a continuous period of 3 yrs.

Issue details

Number of +securities

11,000,000

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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	818,675,223
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	69,451,469
IXUAF : PERFORMANCE RIGHTS	45,250,000
IXUAL : OPTION EXPIRING 30-JUN-2023 EX $0.28	2,000,000
IXUAJ : OPTION EXPIRING 03-FEB-2023 EX $0.10	14,000,000
IXUAI : OPTION EXPIRING 03-FEB-2023 EX $0.10	24,695,611
IXUAK : OPTION EXPIRING 03-FEB-2025 EX $0.10	40,000,000
IXUAM : OPTION EXPIRING 30-AUG-2023 EX $0.20	25,000,000

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

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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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