Life360, Inc. — Capital/Financing Update 2021

Jul 1, 2021

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ASX ANNOUNCEMENT

2 July 2021

CLEANSING NOTICE UNDER SECTION 708A(12C)(e) OF THE CORPORATIONS ACT 2001 (CTH)

1. Introduction

This cleansing notice ( Cleansing Notice ) is issued by Life360, Inc. (ASX: 360) ( Company ) under section 708A(12C)(e) of the Corporations Act 2001 (Cth) ( Corporations Act ) as notionally inserted by ASIC Corporations (Sale Offers: Securities Issued on Conversion of Convertible Notes) Instrument 2016/82 ( ASIC Instrument 2016/82 ).

This Cleansing Notice is important and should be read in its entirety.

Neither ASIC nor the ASX take responsibility for the contents of this Cleansing Notice.

2. Background

As announced to ASX on 29 June 2021, the Company has created a Family Advisory Council that will bring together well-known celebrities and influencers to help shape the company’s product and marketing strategy.

As part of the initiative, Vanessa Bryant (wife of the late Kobe Bryant), Tony Hawk (professional skateboarder), Nicole and Michael Phelps (Olympic swimmer), Billy Perry (well-known TikTok influencer), Jada and Chris Paul (NBA All-Star), Chip and Joanna Gaines (television personalities), together with Bryant Stibel, a Los Angeles-based investment group founded by Kobe Bryant and Jeff Stibel, have subscribed for convertible promissory notes (the Convertible Notes ) with an aggregate face value of US$2,110,000 (the Convertible Note Offer ).

On 2 July 2021 AEST (1 July 2021 US PT), the Company issued the Convertible Notes. The Convertible Notes were issued without disclosure under Part 6D.2 of the Corporations Act.

In connection with the Convertible Note Offer the Company granted 176,425 warrants over Shares ( Warrants ).

This Cleansing Notice does not constitute an offer of any Convertible Notes for issue or sale, or an invitation to subscribe for or purchase any Convertible Notes and is not intended to be used in connection with any such offer or invitation.

3. Contents of Cleansing Notice

This Cleansing Notice sets out:

• (a) in relation to the Convertible Notes:

• (i) the effect of the issue on the Company;

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• (ii) a summary of the rights and liabilities attaching to the Convertible Notes; and

• (iii) a summary of the rights and liabilities attaching to the Shares or CDIs that may be issued on the conversion of the Convertible Notes;

• (b) any information that:

• (i) has been excluded from continuous disclosure notices in accordance with the ASX Listing Rules; and

• (ii) is information that investors and their professional advisors would reasonably require for the purpose of making an informed assessment of:

  • (A) the assets and liabilities, financial position and performance, profits and losses and prospects of the Company; and

  • (B) the rights and liabilities attaching to the Convertible Notes, Shares and CDIs,

to the extent which it would be reasonable for investors and their professional advisers to expect to find in this Cleansing Notice; and

• (c) certain information relating to the Company's status as a disclosing entity.

4. Overview of the effect of the issue of the Convertible Notes on the Company

The principal effect of the issue of the Convertible Notes on the Company will be to:

• (a) increase the cash reserves of the Company by a further USD2,110,000 (before any expenses associated with the issue of the Convertible Notes);

• (b) increase the indebtedness of the Company by the aggregate face value of the Convertible Notes of USD2,110,000 which may be offset by the aggregate exercise price of the Warrants of USD1,692,000;

• (c) increase the number of Shares/CDIs on issue at the time that the Convertible Notes convert to Shares (or CDIs) in accordance with the terms of the Convertible Notes as further described at paragraph 7, with a corresponding decrease in the indebtedness of the Company by the aggregate face value of the Convertible Notes converted to Shares.

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5. Impact on the Company’s capital structure

A table setting out the effect of the issue of the Convertible Notes on the capital structure of the Company is set out below.

	Number on issue immediately prior to issue of the Convertible Notes	Number on issue after issue of Convertible Notes	Number on issue assuming conversion of Convertible Notes (on a fully diluted basis)
CDIs1	151,549,0742	151,549,074	152,078,3403
Convertible Notes	0	Aggregate face value of USD2,110,000	0
Options4	8,235,520	8,235,520	8,235,520
RSUs5	2,796,701	2,796,701	2,796,701
Warrants6	95,576	272,001	272,001

1. CDI:Share ratio is 3:1.

2. Equivalent to 50,516,358 Shares, assumes all Shares are held as CDIs.

3. Equivalent to 50,692,780 Shares, assumes all Convertible Notes are converted to Shares and are held as CDIs.

4. Options over Shares.

5. On vesting each RSU will convert into one Share.

6. Warrants over Shares.

6. Pro-forma statement of financial position after the issue of Convertible Notes

Set out below is a consolidated pro-forma financial statement of the Company’s financial position which has been prepared on the following basis:

• (a) the 31 December 2020 consolidated statement of financial position has been used as a base to illustrate the impact of the issue of the Convertible Notes;

• (b) it has been prepared in accordance with the Company’s usual accounting policies and is presented in USD;

• (c) it is not audited and is presented in abbreviated form in so far as it does not include all the disclosures required by US GAAP applicable to annual financial statements;

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• (d) it classifies the Convertible Notes as debt financial instruments which are reflected in the Company’s ‘borrowings & financial liabilities, non current’;

• (e) it has been provisionally prepared for the Convertible Notes, accordingly the allocations between liabilities and equity detailed therein are subject to future change; and

• (f) it classifies the cash proceeds of USD2,110,000 arising from the issue of the Convertible Notes to the Noteholders as ‘cash and cash equivalents’.

	December 31, Proforma 2020 31-Dec-20 Convertible Note Accounting Entries	December 31, Proforma 2020 31-Dec-20 Convertible Note Accounting Entries
Assets Current Assets: Cash and cash equivalents Accounts receivable Costs capitalized to obtain revenue contracts, net Prepaid expenses and other current assets Total current assets Restricted cash Property and equipment, net Costs capitalized to obtain revenue contracts, net of current portion Goodwill Notes due from affiliates Right of use asset Prepaid expenses and other assets,noncurrent	$ 56,413 2,110 $ 58,523 9,042 9,042 3,381 3,381 10,017 10,017
	78,853 2,110 80,963 198 198 801 801 569 569 764 764 306 306 2,638 2,638 2,184 2,184
Total Assets	$ 86,313 2,110 $ 88,423
Liabilities and Stockholders Equity Current Liabilities: Accounts payable Accrued expenses and other liabilities Deferred revenue Total current liabilities borrowings and financial liabilities, non current Other noncurrent liabilities	- - $ 2,420 $ 2,420 5,235 5,235 11,855 11,855 19,510 - 19,510 - 418 418 2,308 2,308
		19,510 - 19,510 - 418 418 2,308 2,308
Total Liabilities	$ 21,818 418 $ 22,236
Commitments and Contingencies Stockholders' Equity Common Stock Additional paid-in capital Notes due from affiliates Accumulated deficit	~~-~~ - - 50 50 196,852 1,692 198,544 (621) (621) (131,786) (131,786)
Total stockholders' equity	64,495 1,692 66,187
Total Liabilities and Stockholders' Equity	$ 86,313 2,110 $ 88,423

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7. Rights and liabilities attaching to the Convertible Notes

The following is a broad summary of the rights and liabilities attaching to the Convertible Notes. The summary is not exhaustive and does not constitute a definitive statement of the rights and liabilities of the Noteholders.

Aggregate face value of Convertible Notes	USD2,110,000
Term and maturity	The outstanding face value (the principal) of the Convertible Notes and accrued but unpaid interest is due and payable on 1 July 2026 (Maturity Date). If one of the following events occurs the outstanding face value of the Convertible Notes together with accrued but unpaid interest will be immediately due and payable:  commission of any act of bankruptcy by the Company;  the execution by the Company of a general assignment for the benefit of creditors;  the filing by or against the Company of a petition in bankruptcy or any petition for relief under the federal bankruptcy act or the continuation of such petition without dismissal for a period of 90 days or more; or  the appointment of a receiver or trustee to take possession of the property or assets of the Company.
Payments	All payments:  shall be in lawful money of the United States of America and;  shall be credited first to the accrued interest then due and payable and the remainder shall be applied to the principal. The Company may not prepay the Convertible Note without the prior written consent of the Noteholder.

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Interest	The Convertible Notes bear interest on the unpaid principal amount at the rate of 4% per annum, compounded quarterly on the basis of a year of 365 days. Interest is payable annually on the principal that has not been converted or repaid, on each year anniversary of the issue date of the Convertible Note, unless the Convertible Note (along with accrued interest) is otherwise converted pursuant to the terms of issue of the Convertible Notes (Note Terms). If a Change of Control or Qualified IPO (as defined below) each aConversion Eventis consummated, all interest is deemed to stop accruing on the date selected by the Company that is up to 10 days prior to the signing of the definitive agreement for such Change of Control or effectiveness of such Qualified IPO (as defined below).
Conversion terms	Subject to a Conversion Event during the period beginning on the issue date and ending on 1 July 2026 (Conversion Period), the outstanding principal and any accrued but unpaid interest under a Convertible Note may, at the sole and exclusive option of the Noteholder, be converted in whole or in part (such amount(s) to be converted at each such time of conversion, the Conversion Amount) into the number of Shares equal to:  the Conversion Amount,  divided by theConversion Price(which will be USD11.96) (theConversion Shares).
Conversion Events	In the event of a Conversion Event the outstanding principal and any accrued but unpaid interest shall, at the election of a Noteholder (in respect of their respective Convertible Note):  automatically convert into Shares at the Conversion Price, immediately before such Change of Control, or at such Qualified IPO (as applicable); or  be repaid in full, (Noteholder Election). The terms of a Noteholder Election are summarised below. A Change of Control means:  a sale of all or substantially all of the Company’s assets other than to an Excluded Entity (being a corporation or other entity of which the holders of voting capital stock of the Company outstanding immediately prior to such transaction are the direct or indirect holders of voting securities representing at least a majority of the votes entitled to be cast by all of such corporation’s or other entity’s voting securities outstanding immediately after such transaction);  a merger, consolidation or other capital reorganisation or business combination transaction of the Company

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with or into another corporation, limited liability company or other entity other than an Excluded Entity;

• the consummation of a transaction, or series of related transactions, in which any “person” (as such term is used in Sections 13(d) and 14(d) of the Securities Exchange Act of 1934, as amended (the “Exchange Act”)) becomes the “beneficial owner” (as defined in Rule 13d-3 of the Exchange Act), directly or indirectly, of all of the Company’s then outstanding voting securities; or

• a SPAC Transaction (being a transaction or series of related transactions by merger, consolidation, share exchange or otherwise of the Company with a publiclytraded “special purpose acquisition company” or its subsidiary (collectively, a SPAC ), immediately following the consummation of which the common stock or share capital of the SPAC or its successor entity is listed on the Nasdaq Stock Market, the New York Stock Exchange or another exchange or marketplace approved by the Board of Directors).

Notwithstanding the foregoing, a transaction shall not constitute a Change of Control if its purpose is to

• change the jurisdiction of the Company’s incorporation;

• create a holding company that will be owned in substantially the same proportions by the persons who hold the Company’s securities immediately before such transaction; or

• obtain funding for the Company in a financing that is approved by the Company’s Board of Directors.

A Qualified IPO means:

• immediately prior to the closing of a firm commitment underwritten initial public offering pursuant to an effective registration statement filed under the Securities Act of 1933, as amended (the “Securities Act”), covering the offer and sale of the Corporation’s Common Stock on the Nasdaq Stock Market or the New York Stock Exchange;

• immediately prior to the effectiveness of the registration statement in connection with the initial listing of the Common Stock (or other equity securities of the Corporation) on the Nasdaq Stock Market or the New York Stock Exchange, by means of an effective registration statement filed by the Corporation with the Securities and Exchange Commission, without a related underwritten offering of such Common Stock (or other equity securities).

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Noteholder Election	In respect of a Change of Control– the Company must provide the Noteholder with fifteen (15) days’ prior written notice of the consummation of such Change of Control, and a Noteholder must make a Noteholder Election in respect of the Change of Control within 10 days of the Company’s notice of the event. If the Noteholder Election for such Change of Control is not provided in time, the Company shall have the sole and exclusive discretion to make the election irrevocably on the Noteholder’s behalf. In respect of a Qualified IPO– the Company must provide the Noteholder with at least thirty (30) days’ prior written notice of the consummation of such Qualified IPO, and a Noteholder must make a Noteholder Election in respect of the Qualified IPO within 15 days of the Company’s notice of the event. If the Noteholder Election for such Qualified IPO is not provided in time, the Company shall have the sole and exclusive discretion to make the election irrevocably on the Noteholder’s behalf.
Stockholders, officers and directors not liable	In no event shall any stockholder, officer or director of the Company be liable for any amounts due or payable pursuant to a Convertible Note.
Interest rate maximum	Interest paid or agreed to be paid under the Note Terms or Purchase Agreement will not exceed the maximum rate of non- usurious interest permitted by applicable law (Maximum Rate), any payment of interest in excess of the Maximum Rate is to be applied to the principal outstanding, or where it exceeds the principal outstanding, refunded to the Company). In determining the Maximum Rate the Noteholder may, to the extent permitted by applicable law:  characterize any payment that is not principal as an expense, fee, or premium rather than interest;  exclude voluntary prepayments and the effects thereof; and  amortize, prorate, allocate, and spread in equal or unequal parts the total amount of interest throughout the contemplated term of the relevant Convertible Note.
Action to collect on Convertible Note	Company to pay all of the Noteholder’s costs and expenses including reasonable attorney’s fees, incurred in connection with an action to collect on the Convertible Note.
Replacement notes	The Company agrees to issue replacement Notes, where the original has been lost, stolen, destroyed etc. upon receipt of an indemnity satisfactory to the Company or surrender and cancellation of such Convertible Note.
Adjustments to Company’s share capital	The Conversion Shares or the Conversion Price will be adjusted (as is appropriate) in respect of the Company’s Shares being subdivided, consolidation, reclassified, changed, reorganised.

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	Any adjustment to the Company’s share capital must comply with the ASX Listing Rules and the Note Terms will be amended as necessary to comply with the ASX Listing Rules (such amendment the Noteholder will have the opportunity to consent to). If a Noteholder does not provide consent for an amendment to the terms of its Convertible Notes (as is necessary for compliance with the ASX Listing Rules), the Company may at its sole discretion, elect to repay the outstanding principal and accrued but unpaid interest on the Convertible Note.
Maximum number of Shares on conversion	The maximum number of Shares that may be issued in respect of the conversion of the principal of the Convertible Notes is 176,422 (equivalent to 529,266 CDIs) (subject to adjustment).
Assignment and transferability	Convertible Notes may only be transferred:  with the prior written consent of the Company; and  upon surrender of the original Convertible Note for registration of transfer, endorsed or accompanied by a written transfer instrument in a form satisfactory to the Company.
Noteholder rights	The Noteholders shall not be entitled to any dividend, rights, allotments or other distributions as a stockholder of the Company, by reason of their mere ownership of the Convertible Notes prior to the conversion of the Convertible Note into Convertible Shares, and in the event of a partial conversion in Conversion Shares, only to the extent of such conversion into Conversion Shares.
No quotation	The Convertible Notes will not be quoted on the ASX or any other public exchange.
Governing law	State of California.

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8. Rights and liabilities attaching to Shares

The following is a broad summary of the rights and liabilities attaching to the Company’s Shares. The summary is not exhaustive and does not constitute a definitive statement of the rights and liabilities of the holders of the Shares.

General rights	The Shares will rank equally in all respects with the Company’s existing Shares. The rights attaching to the Shares are set out in the_United States Securities_ Exchange Act of 1934(US Exchange Act)_,_Company’s Bylaws and Certificate of Incorporation and the Delaware General Corporation Law (DGCL).
General meetings	Each holder of a Share (Shareholder) has the right to receive notice of and to attend and vote at general meetings of the Company.
Voting rights	Each holder of Shares is entitled to one vote per Share held on the record date for the meeting on all matters submitted to a vote of the Shareholders. Shareholders do not have cumulative voting rights.
Dividends	Shareholders are entitled to receive, out of any assets of the Company legally available for dividend payments, such dividends as may be declared form time to time by the Board, on a pro rata basis determined by the number of Shares.
Transfer of shares	Generally, Shares are freely transferable, subject to formal requirements, the registration of the transfer not resulting in a contravention of law.
Variation of rights	The DGCL allows a majority of the Shares to amend the rights attaching to the Shares.
Alteration of Bylaws and Certificate of Incorporation	The Company’s Certificate of Incorporation provides that the Company’s Bylaws may be amended by an affirmative vote of a majority of the Board. The Company’s Bylaws provide that the Bylaws may also be amended by an affirmative vote of a majority of the Shareholders then entitled to vote.

9. Rights and liabilities attaching to CDIs

The Shares issued on conversion of Convertible Notes may be transmuted to CDIs.

A summary of the rights and liabilities attaching to CDIs as at the date of this Cleansing Notice are set out below.

Voting rights	If holders of CDIs wish to attend and vote at the Company’s general meeting, they will be able to do so. Under the ASX Listing Rules and the ASX Settlement

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Operating Rules, the Company as an issuer of CDIs must allow CDI holders to attend any meeting of the holders of Shares unless relevant U.S. Law at the time of the meeting prevents CDI holders from attending those meetings. In order to vote at such meetings, CDI holders have the following options:  instructing CHESS Depositary Nominees Pty Limited (CDN), as the legal owner, to vote the Shares underlying their CDIs in a particular manner. A voting instruction form will be sent to CDI holders with the notice of meeting or proxy statement for the meeting and this must be completed and returned to the Company's Share Registry prior to the meeting;  informing the Company that they wish to nominate themselves or another person to be appointed as CDN's proxy with respect to their Shares underlying the CDIs for the purposes of attending and voting at the general meeting; or  converting their CDIs into a holding of Shares and voting these at the meeting (however, if thereafter the former CDI holder wishes to sell their investment on ASX it would be necessary to convert the Shares back to CDIs). In order to vote in person, the conversion must be completed prior to the record date for the meeting. As holders of CDIs will not appear on the Company's share register as the legal holders of the Shares, they will not be entitled to vote at Shareholder meetings unless one of the above steps is undertaken. As each CDI represents one-third of a Share, a CDI holder will be entitled to one vote for every three CDIs they hold. CDI voting instruction forms and details of these alternatives will be included in each notice of meeting sent to CDI holders by the Company. These voting rights exist only under the ASX Settlement Operating Rules, rather than the US Exchange Act or DGCL). Since CDN is the legal holder of applicable shares, the holders of CDIs do not have any directly enforceable rights under the Company's Bylaws or Certificate of Incorporation.

Dividends

The CDIs allotted on conversion of the Convertible Notes participate in full for all dividends after the date of conversion only. Despite legal title to the Shares being vested in CDN, the ASX Settlement Operating Rules provide that CDI holders are to receive all economic benefits and other entitlements in relation to the underlying Shares, these

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	include dividends and other entitlements which attach to the underlying Shares. These rights exist only under the ASX Settlement Operating Rules (which have the force of law by virtue of the Corporations Act), rather than under the US Exchange Act or the DGCL. Whilst the Company does not anticipate declaring any dividends in the foreseeable future, should it do so in the longer term, the Company will declare any dividends in USD as that is its main functional currency. In that event, the Company will pay any dividend in AUD or USD depending on the country of residence of the CDI holder. If the CDI holder in Australia wishes to receive dividends in USD they must complete an appropriate form and return it to the Company's Share Registry, no later than the close of business on the dividend record date.
Rights on winding up	In the event of the Company's liquidation, dissolution or winding up, a CDI holder will be entitled to the same economic benefit on their CDIs as holders of Shares. These rights exist only under the ASX Settlement Operating Rules, rather than under the US Exchange Act or the DGCL.
Transfer of CDIs	CDI holders who wish to trade their CDIs will be transferring the beneficial interest in the Shares rather than the legal title. The transfer will be settled electronically by delivery of the relevant CDI holdings through CHESS. In other respects, trading in CDIs is essentially the same as trading in other CHESS approved securities, such as shares in an Australian Company.
CDI:Share ratio	Three CDIs will represent one Share.
Corporate Action Entitlements	CDI holders receive all direct economic and other entitlements in relation to the underlying Shares. These include entitlements to participate in rights issues, bonus issues and capital reductions. These rights exist only under the ASX Settlement Operating Rules, rather than under the US Exchange Act or the DGCL. It is possible that marginal differences may exist between the resulting entitlement of a CDI holder and the entitlements that would have accrued if a CDI holder held their holding directly as Shares. As the ratio of CDIs to Shares is not one-to-one and any entitlements will be determined on the basis of Shares rather than CDIs, a CDI holder may not always benefit to the same extent, for example, from the rounding up of fractional entitlements. The Company is required by the ASX Settlement Operating Rules to minimise such differences where legally permissible.

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Takeover Rights

If a takeover bid or similar transaction is made in relation to the Shares of which CDN is the holder of legal title, under the ASX Settlement Operating Rules, CDN must not accept the offer made under the takeover bid unless acceptance of the relevant offer is authorised by the relevant CDI holder. CDN must ensure that the offeror processes the takeover acceptance of a CDI holder if such CDI holder instructs CDN to do so. These rights exist only under the ASX Settlement Operating Rules, rather than under the US Exchange Act or the DGCL.

Notices and Announcements

CDI holders are entitled to receive all notices and company announcements (such as annual reports) that shareholders are entitled to receive from the Company. This entitlement exists in the ASX Settlement Operating Rules, rather than under the US Exchange Act or the DGCL.

10. Warrants

The Company has granted the following warrants over Shares to the Noteholders:

Tranche	Number	Exercise price	Expiration date
Tranche 1	88,213	USD0.01	First anniversary of the date of grant. If a Change of Control or Qualified IPO (each as defined in the Convertible Note) or reorganisation of the Company’s issued capital occurs, the expiration date will be that earlier date.
Tranche 2	44,106	USD11.96	Fifth anniversary of the date of grant. If a Change of Control or Qualified IPO (each as defined in the Convertible Note) or reorganisation of the Company’s issued capital occurs, the expiration date will be that earlier date.
Tranche 3	44,106	USD11.96	Fifth anniversary of the date of grant. If a Change of Control or Qualified IPO (each as defined in the Convertible Note) or reorganisation of the Company’s issued capital occurs, the expiration date will be that earlier date.

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11. Reporting and disclosure obligations

The Company is a disclosing entity for the purposes of the Corporations Act and is therefore subject to regular reporting and disclosure obligations under the Corporations Act and ASX Listing Rules. These obligations require ASX to be notified periodically and on a continuous basis of information about specific events and matters as they arise for the purpose of ASX making the information available to the financial market operated by it. In particular, the Company has an obligation under the ASX Listing Rules (subject to certain limited exceptions) to notify ASX immediately of any information concerning the Company, of which it becomes aware, which a reasonable person would expect to have a material effect on the price or value of the Company's securities.

The Company is also required to prepare and lodge with yearly and half-yearly financial statements, accompanied by a director's statement and report, and an audit report or review. The Company is also required to prepare and lodge a quarterly report.

ASX maintains records of company announcements for all companies listed on ASX. The Company's announcements may be viewed on ASX website (www.asx.com.au). ASIC also maintains records in respect of documents lodged with it by the Company, and these may be obtained from or inspected at any office of ASIC. You have a right to and the Company will provide a copy of each of the following documents, free of charge, to any person on request:

• (a) the annual financial report most recently lodged by the Company with ASIC, being the financial report of the Company for the year ended 30 December 2020 which was lodged with ASX on 25 February 2021;

• (b) any continuous disclosure documents given by the Company to ASX after the lodgement of the annual financial report referred to in paragraph (a) above and before the lodgement of this Cleansing Notice with ASX, details of which are as follows:

Date	Title of announcement
25/02/2021	Full Year Results - Media Release
25/02/2021	Full Year Results - Investor Presentation
25/02/2021	Corporate Governance Statement and Appendix 4G
26/02/2021	Appendix 2A
02/03/2021	Date of Annual General Meeting
03/03/2021	Appendix 3Y - J Synge
05/03/2021	Appendix 3G
09/03/2021	Appendix 3Y - J Synge

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Date	Title of announcement
12/03/2021	S&P DJI Announces March 2021 Quarterly Rebalance
16/03/2021	Appendix 3Y - B Morin
16/03/2021	Appendix 3Y - D Wiadrowski
16/03/2021	Appendix 3Y - J Synge
16/03/2021	Appendix 3Y - J Coghlan
16/03/2021	Appendix 3Y - M Goines
16/03/2021	Appendix 2A
19/03/2021	Appendix 3G
29/03/2021	Investor Conference Call Details
30/03/2021	Appendix 2A
31/03/2021	Annual Report to shareholders
06/04/2021	Notice of Annual General Meeting/Proxy Form
14/04/2021	Appendix 3G
20/04/2021	Change in substantial holding
23/04/2021	Withdrawal of Resolution 5 from Annual General Meeting
27/04/2021	Proposed acquisition of Jiobit
28/04/2021	Appendix 4C & Quarterly Activity Report
28/04/2021	Bell Potter Conference Presentation
29/04/2021	Appendix 2A
30/04/2021	AGM - Chairman's and CEO's Address
30/04/2021	Results of Meeting
04/05/2021	Appendix 2A
05/05/2021	Appendix 3G
07/05/2021	Appendix 3Y - A Haro

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Date	Title of announcement
07/05/2021	Appendix 3Y - B Morin
07/05/2021	Appendix 3Y - C Hulls
07/05/2021	Appendix 3Y - J Synge
07/05/2021	Appendix 3Y - J Coghlan
07/05/2021	Appendix 3Y - R Zuckerberg
07/05/2021	Appendix 3Y - D Wiadrowski
07/05/2021	Appendix 3Y - M Goines
11/05/2021	Appendix 3G
25/05/2021	Presentation - Wilsons Rapid Insights Conference
31/05/2021	Appendix 2A
03/06/2021	Appendix 3G
15/06/2021	Appendix 3Y – B Morin
15/06/2021	Appendix 3Y – D Wiadrowski
15/06/2021	Appendix 3Y – J Synge
15/06/2021	Appendix 3Y – J Coghlan
15/06/2021	Appendix 3Y – M Goines
15/06/2021	Appendix 3Y – R Zuckerberg
15/06/2021	Appendix 3Y – C Hulls
16/06/2021	Application for quotation of securities – 360
16/06/2021	Appendix 2A
29/06/2021	Market update
29/06/2021	Appendix 3Y – C Hulls
29/06/2021	Appendix 3Y – A Haro

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All requests for copies of the above documents should be addressed to:

The Company Secretary Life360, Inc. Level 12, 680 George Street, Sydney NSW 2000

Certain documents are also available on the Company's website www.life360.com

12. Excluded information

Other than as set out above or in this paragraph 12, as at the date of this Cleansing Notice, the Company advises that there is no information which the Company has excluded from any of its continuous disclosure notices given in accordance with the ASX Listing Rules which would be reasonable for investors and their professional advisors to require for the purpose of making an informed assessment of:

• (a) the assets and liabilities, financial position and performance, profits and losses and prospects of the Company; and

• (b) the rights and liabilities attaching to the Convertible Notes, Shares and CDIs,

and which it would be reasonable for investors and their professional advisers to expect to find in this Cleansing Notice.

- ENDS –

Authorisation

Chris Hulls, Director, Co-Founder and Chief Executive Officer of Life360 authorised this announcement being given to ASX.

About Life360

Life360 operates a platform for today’s busy families, bringing them closer together by helping them better know, communicate with and protect the people they care about most. The Company’s core offering, the Life360 mobile app, is a market leading app for families, with features that range from communications to driving safety and location sharing. Life360 is based in San Francisco and had more than 28 million monthly active users (MAU) as at March 2021, located in more than 195 countries.

Contacts

For investor enquiries: For media enquiries: Jolanta Masojada, +61 417 261 367 Giles Rafferty, +61 481 467 903 jmasojada@life360.com grafferty@firstadvisers.com.au

Life360’s CDIs are issued in reliance on the exemption from registration contained in Regulation S of the US Securities Act of 1933 (Securities Act) for offers of securities which are made outside the US. Accordingly, the CDIs, have not been, and will not be, registered under the Securities Act or the laws of any state or other jurisdiction in the US. As a result of relying on the Regulation S exemption, the CDIs are ‘restricted securities’ under Rule 144 of the Securities Act. This means that you are unable to sell the CDIs into the US or to a US person who is not a Qualified Institutional Buyer (QIB) for the foreseeable future except in very limited circumstances until after the end

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of the restricted period, unless the resale of the CDIs is registered under the Securities Act or an exemption is available. To enforce the above transfer restrictions, all CDIs issued bear a FOR Financial Product designation on the ASX. This designation restricts any CDIs from being sold on ASX to US persons excluding QIBs. However, you are still able to freely transfer your CDIs on ASX to any person other than a US person who is not a QIB. In addition, hedging transactions with regard to the CDIs may only be conducted in accordance with the Securities Act.

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