ENTROPY NEURODYNAMICS LIMITED — Share Issue/Capital Change 2023

Nov 30, 2023

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

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Announcement Summary

Entity name

EXOPHARM LIMITED

Date of this announcement

Friday December 01, 2023

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 01-DEC-2027 EX $0.015	10,000,000	01/12/2023
to be confirmed
New class - code	OPTION EXPIRING 01-DEC-2027 EX $0.02	5,000,000	01/12/2023
to be confirmed
New class - code	OPTION EXPIRING 01-DEC-2027 EX $0.03	5,000,000	01/12/2023
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

EXOPHARM 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

163765991

1.3 ASX issuer code

EX1

1.4 The announcement is

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New announcement

1.5 Date of this announcement

1/12/2023

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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

Unlisted Options issued to Directors following Shareholder approval of the allotment on 23/11/23.

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 01-DEC-2027 EX $0.015 +Security type ISIN code Options Date the +securities the subject of this notification were issued 1/12/2023 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. Refer to resolutions 5 & 6 of the 2023 AGM Notice of Meeting https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-r esearch/1.0/file/2924-02727203-6A1174923?access_token=83ff96335c2d45a094df02a206a39ff4

Options Details +Security currency Exercise price Expiry date AUD - Australian Dollar AUD 0.01500000 1/12/2027 Details of the existing class of +security that will be issued upon exercise or conversion of this new class of company option Other Description OPTION EXPIRING 01-DEC-2027 EX $0.015

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

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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

Issue of Directors Options to Mark Davies and Clarke Barlow following Shareholder approval of the proposed allotment at AGM on 23 November 2023.

Issue details

Number of +securities 10,000,000

Were the +securities issued for a cash consideration?

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No

Please describe the consideration being provided for the +securities

Options issued for nil cash consideration.

Purpose of the issue

To pay for services rendered

Additional Details

New +securities

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

ASX +security code +Security description
New class - code to be confirmed OPTION EXPIRING 01-DEC-2027 EX $0.02
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+Security type	ISIN code
Options
Date the +securities the subject of this notification were issued
1/12/2023

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?

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No

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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Please provide a URL link for a document lodged with ASX setting out the material terms of the +securities being issued.

Refer to resolutions 5 & 6 of the 2023 AGM Notice of Meeting https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-r esearch/1.0/file/2924-02727203-6A1174923?access_token=83ff96335c2d45a094df02a206a39ff4

Options Details

+Security currency Exercise price Expiry date AUD - Australian Dollar AUD 0.02000000 1/12/2027

Details of the existing class of +security that will be issued upon exercise or conversion of this new class of company option

Other

Description

OPTION EXPIRING 01-DEC-2027 EX $0.02

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

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

Issue of Directors Options to Mark Davies and Clarke Barlow following Shareholder approval of the proposed allotment at AGM on 23 November 2023.

Issue details

Number of +securities

5,000,000

Were the +securities issued for a cash consideration?

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No

Please describe the consideration being provided for the +securities

Options issued for nil cash consideration.

Purpose of the issue

To pay for services rendered

Additional Details

New +securities

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

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ASX +security code +Security description New class - code to be confirmed OPTION EXPIRING 01-DEC-2027 EX $0.03

+Security type ISIN code Options

Date the +securities the subject of this notification were issued

1/12/2023

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. Refer to resolutions 5 & 6 of the 2023 AGM Notice of Meeting https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-r esearch/1.0/file/2924-02727203-6A1174923?access_token=83ff96335c2d45a094df02a206a39ff4

Options Details +Security currency Exercise price Expiry date AUD - Australian Dollar AUD 0.03000000 1/12/2027 Details of the existing class of +security that will be issued upon exercise or conversion of this new class of company option

Other

Description

OPTION EXPIRING 01-DEC-2027 EX $0.03

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

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

Issue of Directors Options to Mark Davies and Clarke Barlow following Shareholder approval of the proposed allotment at AGM on 23 November 2023.

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

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Issue details

Number of +securities

5,000,000

Were the +securities issued for a cash consideration?

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No

Please describe the consideration being provided for the +securities

Options issued for nil cash consideration. Purpose of the issue To pay for services rendered

Additional Details

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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
EX1 : ORDINARY FULLY PAID	439,423,066
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
EX1AE : OPTION EXPIRING 09-NOV-2025 EX $0.40	1,500,000
EX1AF : OPTION EXPIRING 09-NOV-2025 EX $0.60	1,500,000
EX1AG : OPTION EXPIRING 09-NOV-2025 EX $0.90	1,500,000
EX1AL : OPTION EXPIRING 12-MAY-2026 EX $0.01	3,000,000
New class - code to be confirmed : OPTION EXPIRING 01-DEC-2027 EX $0.015	10,000,000
New class - code to be confirmed : OPTION EXPIRING 01-DEC-2027 EX $0.02	5,000,000
New class - code to be confirmed : OPTION EXPIRING 01-DEC-2027 EX $0.03	5,000,000

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? Yes

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

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