GREEN360 TECHNOLOGIES LIMITED — Capital/Financing Update 2018

Feb 28, 2018

==> picture [137 x 72] intentionally omitted <==

ASX Release

==> picture [123 x 10] intentionally omitted <==

1 March 2018

ULTRACHARGE LIMITED ACN 140 316 463

Level 6

105 St Georges Terrace, Perth Western Australia 6000 Tel: +61 8 6558 0886 Fax: +61 8 6316 3337 Web: www.ultra-charge.net

==> picture [123 x 10] intentionally omitted <==

Corporate and Investors Armada Capital & Equities Michael Shaw-Taylor M: +61 477 383 390 D: +61 2 9276 1203 michael.shaw-taylor@armadacapital.com.au

==> picture [123 x 9] intentionally omitted <==

Directors

Mr Kobi Ben-Shabat Mr David Wheeler Mr Doron Nevo Mr Yuri Nehushtan Mr John Paitaridis

ASX Code :

UTR

Shares : 576,933,417

Escrow Shares: 173,668,217

Options (various) : 132,000,000

Performance Rights: 27,375,000

==> picture [10 x 766] intentionally omitted <==

ASX waiver granted

• ASX grants waiver from Listing Rule 14.7 to enable UltraCharge to defer the issue of consideration shares to ETV Energy

On 9 October 2017, UltraCharge Limited (ASX: UTR, UltraCharge or the Company ) announced that it had entered into an agreement with ETV Energy ( Asset Sale Agreement ) to acquire certain intellectual property relating to high voltage cathode technology ( IP Assets ). The consideration for the IP Assets includes the issue of up to 90 million shares, including 30 million shares on completion of the sale and purchase of the IP Assets ( Initial Consideration Shares ), conditional on satisfaction of certain conditions precedent.

At the Company’s annual general meeting held on 28 November 2017 ( AGM ), shareholders approved the issue of the Initial Consideration Shares. In accordance with Listing Rule 7.3.2, the Initial Consideration Shares were required to be issued no later than 3 months after the date of shareholder approval.

As at the date of this announcement, a condition relating to obtaining the approval of the Israel Innovation Authority for the transfer of the IP Assets is yet to be satisfied. As a consequence, the Company sought a waiver from Listing Rule 14.7 (which requires an entity to do what it says it is going to do) to enable it to defer the issue of the Initial Consideration Shares until all conditions precedent have been satisfied.

The Company is pleased to announce that ASX has granted the waiver from Listing Rule 14.9 to the extent necessary for the Company to issue the Initial Consideration Shares later than 3 months after the date of the AGM, on the following conditions:

• (a) the Initial Consideration Shares are issued within 7 days from the date of completion of the Asset Sale Agreement and in any event no later than 28 August 2018 and otherwise on the same terms and conditions as approved by shareholders at the AGM; and

• (b) the Company immediately releases the terms of this waiver to the market.

Kobi Ben-Shabat Chief Executive Officer

About UltraCharge Limited ( www.ultra-charge.net)

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. The Company has a growing Intellectual Property portfolio of battery technologies, particularly focused on developing the following technology solutions for the market:

• Anode for Lithium Ion Batteries: The Company has exclusive rights to patented anode technology from the Nanyang Technology in Singapore. The technology will replace graphite in anodes (negative pole) with nanotube fibers made from titanium dioxide. This has the potential to revolutionise 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 Company has agreed to acquire rights to new cathode intellectual property from ETV Energy in Israel. 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: The Company has acquired a low cost, high performing electrolyte solution from Coorstek Specialty Chemicals, a US based company. The intellectual property is around producing a more superior electrolyte salt – LiFSI which can increase battery lifespan and performance at high and low temperatures.

• Ion Flow Battery – The Company has an exclusive licence agreement with Epsilor in Israel which provides access to new ion flow battery technology. The technology is the only commercially viable energy storage solution of its type, which has a low installation cost and lower operating costs than other comparable solutions on the market.

UltraCharge has established a pilot facility and is developing the above platform technologies and customising solutions to meet end user requirements, and subsequently meet global market demand.

1 Reuters, Jan 11, 2017 “China’s Anti-Telsas: Cheap Models Drive Electric Car Boom”