GREEN360 TECHNOLOGIES LIMITED — Capital/Financing Update 2018

May 22, 2018

==> picture [150 x 55] intentionally omitted <==

**UltraCharge

enters
into
purchase
agreement
to supply
lithium-­‐ion
batteries
to
power
two-­‐wheel electric
scooters**

• UTR
  signs
  deal
  to
  supply
  lithium-­‐ion
  batteries
  for
  two-­‐wheel
  electric
  scooter manufacturer,
  Blitz
  Electric
  Motors
  Ltd

• Subject
  to
  meeting
  battery
  specifications
  set
  out
  by
  Blitz,
  UTR
  is
  contracted
  to provide
  28,000
  batteries

• Blitz
  incentivised
  to
  order
  a
  minimum
  of
  USD$4m
  of
  batteries
  in
  the
  first
  12
  months to
  maintain
  exclusivity
  in
  the
  Scooter
  market
  for
  18
  months

• Business-­‐to-­‐Business
  clientele
  of
  Blitz
  includes
  global
  brands
  such
  as
  McDonald’s and
  Pizza
  Hut

• UltraCharge’s
  lithium
  ion
  battery
  solution
  will
  deliver
  more
  torque,
  horsepower
  and double
  the
  scooters
  range
  to
  200km

Tel
Aviv,
Israel,
23
MAY
2018: UltraCharge
Limited
( ASX:
UTR,
UltraCharge
or
the
Company ) today
advises
it
has
signed
a
conditional
purchase
agreement
( Purchase
Agreement )
with Blitz Blitz
Electric
Motors
Ltd
an
Israel-­‐headquartered
electric
scooter
company
( )
to
provide high
voltage
lithium-­‐ion
batteries
for
their
two-­‐wheel
electric
scooters.

Under
the
deal
with
Blitz,
Ultracharge
will
design,
develop
and
manufacture
two
types
of BLITZ3000 lithium-­‐ion
pouch-­‐cell
batteries
that
will
be
fully
compatible
with
the and BLITZ6000 electronic
scooters.
UltraCharge’s
battery
solution
will
enhance
Blitz’s
scooters enabling
more
torque,
higher
power
and
double
its
range
to
200km.

Blitz
Motors
is
headquartered
in
Tel
Aviv,
Israel
and
is
expanding
internationally
to
Europe, Argentina
and
India,
and
counts
among
its
business
clientele
global
brands
such
as McDonald’s
and
Pizza
Hut.

UltraCharge
Limited ACN
140
316
463 T :
+61
8
6558
0886
| A :
Level
6,
105
St
Georges
Terrace,
Perth
WA
6000

==> picture [452 x 295] intentionally omitted <==

Blitz3000 The electric
scooter
has
an
engine
capacity
comparative
to
125cc
and
is
described by
Blitz
Motors
Ltd
as
the
“perfect
scooter
for
the
city
rider”.

==> picture [452 x 295] intentionally omitted <==

Blitz6000 The electric
scooter
has
an
engine
capacity
comparative
to
200-­‐250cc
and
is described
by
Blitz
Motors powerful
and
strong
executive
scooter .

UltraCharge
Limited ACN
140
316
463 T :
+61
8
6558
0886
| A :
Level
6,
105
St
Georges
Terrace,
Perth
WA
6000

Material
terms
of
the
Purchase
Agreement
are
as
follows:

• Ultracharge
  is
  to
  design,
  develop,
  manufacture
  and
  sell
  two
  series
  of
  designated batteries
  to
  Blitz
  for
  use
  in
  the
  Blitz3000
  and
  Blitz6000
  electronic
  scooters;

• Ultracharge
  warrants
  that
  the
  batteries
  will
  comply
  with
  the
  (commercially
  sensitive) technical
  specifications
  set
  out
  in
  the
  schedules
  to
  the
  Purchase
  Agreement ( Specifications )

• If
  the
  batteries
  fail
  to
  comply
  with
  the
  Specifications
  the
  only
  remedy
  available
  to
  Blitz is
  to
  acquire
  batteries
  from
  another
  supplier;

• Blitz
  will
  assist
  Ultracharge
  in
  the
  commissioning
  and
  testing
  of
  the
  batteries;

• UltraCharge
  has
  offered
  exclusivity
  to
  Blitz
  for
  the
  scooter
  market
  for
  18
  months provided
  that
  Blitz
  orders
  and
  pays
  for
  a
  minimum
  of
  USD$4,000,000
  of
  batteries
  in the
  first
  12
  months;

• Ultracharge
  will
  retain
  all
  intellectual
  property
  in
  relation
  to
  the
  batteries;

• Neither
  party
  may
  assign
  the
  Purchase
  Agreement
  without
  the
  prior
  written
  consent of
  the
  other
  party;

• The
  Purchase
  Agreement
  is
  governed
  by
  the
  laws
  of
  Israel;

• There
  are
  a
  number
  of
  milestones
  that
  can
  take
  place
  up
  to
  360
  days
  from
  the
  date
  of the
  agreement
  including
  in
  lab
  testing,
  modular
  testing,
  in
  individual
  vehicle
  testing, and
  fleet
  testing;

• Either
  party
  will
  have
  the
  right
  to
  terminate
  if
  a
  breach
  is
  not
  remedied
  within
  14
  days after
  having
  had
  written
  notice
  to
  do
  so.
  Breaches
  include:

• Material
  failures
  to
  perform
  duties
  within
  time
  frames;

• Gross
  negligence
  or
  wilful
  misconduct;

• Illegal
  activities;
  and

• Insolvency
  of
  a
  party.

UltraCharge
is
contracted
to
provide
batteries
in
accordance
with
the
following
forecast schedule:

schedule:
Period	Forecast units Blitz3000	Forecast units Blitz6000
Year 1	2,500	1,500
Year 2	5,000	3,000
Year 3	10,000	6,000
Total	17,500	10,500

Commenting

on
the
supply
deal, UltraCharge
CEO
Kobi
Ben-­‐Shabat said:

“ This
contract
with
Blitz
Electric
Motors
is
a
very
significant
milestone
for
our
cobalt-­‐free, lithium-­‐ion
battery
solution
and
clearly
demonstrates
UltraCharge’s
ability
to
customise solutions
for
specific
end-­‐user
requirements.
Blitz’s
demand
for
our
battery
is
critical
third-­‐ party
validation
for
our
lithium-­‐ion
battery
solution
and
will
serve
as
a
case
study
for
other interested
users
leading
to
additional
purchase
orders
in
the
electric
scooter
and
other
end-­‐ user
markets
globally.

UltraCharge
Limited ACN
140
316
463 T :
+61
8
6558
0886
| A :
Level
6,
105
St
Georges
Terrace,
Perth
WA
6000

“The
deal
has
the
potential
to
deliver
significant
revenue
to
UltraCharge
over
the
term
of
the contract.

“As
the
only
ASX-­‐listed
company
and
amongst
only
a
handful
of
pure
lithium
ion
battery
listed companies
in
the
world
with
the
ability
to
produce
a
lithium-­‐ion
battery,
we
are
well-­‐placed to
capitalise
on
the
significant
global
market
opportunities
and
we
look
forward
to strengthening
our
position
as
the
market
leaders
in
the
lithium-­‐ion
battery
market. ”

Blitz
Electric
Motor
Ltd
Founder
and
CEO
Raphael
Moszynski
said:

“ Blitz
Motors’
vision
is
to
become
the
world’s
leading
brand
of
100%
electric
urban transportation,
by
creating
the
most
compelling,
robust,
clean
and
smart
two-­‐wheel vehicles.

“We
are
very
excited
to
offer
our
customers
in
the
near
future
our
enhanced
scooters
with UltraCharge’s
battery
solution
that
delivers
higher
power,
more
torque
and
extended
range,” Mr
Moszynski
said.

“Using
Ultracharge’s
revolutionary,
cobalt-­‐free,
lithium-­‐ion
battery
offering
is
closely
aligned to
Blitz
Motors’
core
objective
to
help
our
environment,
and
greatly
lower
the
cost
while increasing
performance
of
electric
scooters
for
our
customers. ”

ENDS

**Kobi

Ben-­‐Shabat Chief
Executive
Officer**

**About

Blitz
Electric
Motors**

Blitz
is
an
established
electric
scooter
manufacturer
headquartered
in
Tel
Aviv,
Israel
and
is expanding
internationally
to
Europe,
Argentina
and
India,
and
counts
among
its
business
clientele global
brands
such
as
McDonald’s
and
Pizza
Hut.

Blitz
manufactures
the
BLITZ3000
and
BLITZ6000
scooters
and
aims
to
deliver
100%
electric
scooters to
its
customers
that
are
independent
of
rising
fuel
prices,
free
from
high
maintenance
costs
and contribute
to
sustainable
social
change
by
reducing
our
dependence
on
fossil
fuels.

**About

UltraCharge
Limited**

Ultracharge
is
an
Israel-­‐based
company
that
is
a
global
leader
in
identifying,
acquiring
and
developing battery
technologies
that
offer
superior
qualities
and
new
solutions
for
the
lithium
ion
and
flow battery
markets.
UltraCharge
has
established
a
battery
facility
to
develop
its
platform
technologies and
customising
solutions
to
meet
end
user
requirements,
and
subsequently
meet
global
market demand.

The
Company
offers
a
full
lithium
ion
battery
solution
with
the
following
suite
of
intellectual
property:

• Anode
  for
  Lithium
  Ion
  Batteries :
  The
  technology
  will
  replace
  graphite
  in
  anodes
  (negative pole)
  with
  nanotube
  fibers
  made
  from
  titanium
  dioxide.
  This
  has
  the
  potential
  to
  revolutionise

UltraCharge
Limited ACN
140
316
463 T :
+61
8
6558
0886
| A :
Level
6,
105
St
Georges
Terrace,
Perth
WA
6000

the
market
for
lithium
batteries
by
producing
a
battery
that
is
safe,
has
a
longer
lifetime
and is
fast
charging.

• Cathode
  for
  Lithium
  Ion
  Batteries :
  The
  technology
  contains
  a
  high
  voltage
  LiMnNio
  cathode that
  is
  half
  the
  cost
  of
  commercial
  cathodes
  and
  can
  offer
  a
  battery
  solution
  that
  has advantages
  in
  terms
  of
  the
  voltage,
  energy
  capacity
  and
  power
  capacity.

• Electrolyte
  for
  Lithium
  Ion
  Batteries :
  Low
  cost,
  high
  performing
  electrolyte
  solution.
  The intellectual
  property
  is
  around
  producing
  a
  more
  superior
  electrolyte
  salt
  –
  LiFSI
  -­‐
  which
  can increase
  battery
  lifespan
  and
  performance
  at
  high
  and
  low
  temperatures.

UltraCharge
Limited ACN
140
316
463 T :
+61
8
6558
0886
| A :
Level
6,
105
St
Georges
Terrace,
Perth
WA
6000