FMR RESOURCES LIMITED — Share Issue/Capital Change 2021

Oct 28, 2021

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

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Announcement Summary

Entity name

APPLYFLOW LIMITED

Date of this announcement

Friday October 29, 2021

The +securities the subject of this notification are:

+Securities issued as part of a transaction or transactions previously announced to the market in an Appendix 3B that are not quoted, and 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
AFWAF	OPTION EXPIRING VARIOUS DATES EX	21,435,000	28/10/2021
	VARIOUS PRICES

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

APPLYFLOW 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

29107371497

1.3 ASX issuer code

AFW

1.4 The announcement is

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New announcement

1.5 Date of this announcement

29/10/2021

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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:

+Securities issued as part of a transaction or transactions previously announced to the market in an Appendix 3B that are not quoted, and are not intended to be quoted, on ASX

Previous Appendix 3B details:

Announcement Date and	Announcement Title	Selected Appendix 3B to submit quotation
Time		request
28-Oct-2021 08:18	New - Proposed issue of securities -	A placement or other type of issue
	AFW

2.3a.2 Are there any further issues of +securities yet to take place to complete the transaction(s) referred to in the Appendix 3B? No

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

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Part 3A - number and type of +securities the subject of this notification (existing class or new class) where issue has previously been

notified to ASX in an Appendix 3B

Placement Details

ASX +security code and description

AFWAF : OPTION EXPIRING VARIOUS DATES EX VARIOUS PRICES

Date the +securities the subject of this notification were issued

28/10/2021

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

Exercisable at A$0.007 each on or before 30 June 2023. The options vest in three separate tranches. 7,145,000 options will vest upon first use of the Applyflow solution by a Hudson client, subject to this occurring before 30 June 2022. The remaining 14,290,000 options will vest in two equal tranches upon an initial A$2,857,000 in Hudson invoices being financed by Applyflow, and a further A$2,857,000 being financed, in each case subject to this occurring by 31 December 2022.

Issue details

Number of +securities

21,435,000

Were the +securities issued for a cash consideration?

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No

Please describe the consideration being provided for the +securities

Hudson Global Resources (Aust) PL Agreement for roll-out of Applypay for Hudsons recruiter invoices, and Applypay joint development and marketing initiatives. Refer ASX release dated 28/10/21.

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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
AFW : ORDINARY FULLY PAID	2,957,608,034
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
AFWAF : OPTION EXPIRING VARIOUS DATES EX VARIOUS PRICES	313,039,320

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