LITHIUM UNIVERSE LIMITED — Capital/Financing Update 2021

Dec 22, 2021

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

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Announcement Summary

Entity name

ESPORTS MOGUL LIMITED

Date of this announcement

Thursday December 23, 2021

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	Options exercisable at $0.01 on or before 30	160,000,000	23/12/2021
to be confirmed	November 2023.

Refer to next page for full details of the announcement

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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

ESPORTS MOGUL 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

22148878782

1.3 ASX issuer code

ESH

1.4 The announcement is

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New announcement

1.5 Date of this announcement

23/12/2021

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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:

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Other

Please specify

As per Appendix 3B lodged on 20 December 2021.

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 Options exercisable at $0.01 on or before 30 November 2023. +Security type ISIN code Options Date the +securities the subject of this notification were issued 23/12/2021 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? Yes Please provide a URL link for a document lodged with ASX setting out the material terms of the +securities being issued. https://www.asx.com.au/asxpdf/20211220/pdf/454bv4cpw8fzjt.pdf

Options Details +Security currency Exercise price Expiry date AUD - Australian Dollar AUD 0.01000000 30/11/2023 Details of the existing class of +security that will be issued upon exercise or conversion of this new class of company option Other Description ESH: Fully Paid Ordinary Shares 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

The securities which are new securities, the subject of this Appendix 3G have been previously announced in an Appendix 3B lodged on 20 December 2021, which can be found at the following link: https://www.asx.com.au/asxpdf/20211220/pdf/ 454bv6d0bg8h79.pdf

Issue details Number of +securities 160,000,000 Were the +securities issued for a cash consideration? No Please describe the consideration being provided for the +securities Nil - free attaching options to Placement shares. Purpose of the issue To raise additional working capital

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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
ESH : ORDINARY FULLY PAID	2,901,993,962
ESHOA : OPTION EXPIRING 31-OCT-2022	482,000,000

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
ESHAB : PERFORMANCE RIGHTS	33,125,000
New class - code to be confirmed : Options exercisable at $0.01 on or before 30 November	160,000,000
2023.

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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? No

5.2 Has the entity obtained, or is it obtaining, +security holder approval for the issue under listing rule 7.1? No

5.2b Are any of the +securities being issued without +security holder approval using the entity's 15% placement capacity under listing rule 7.1? Yes

5.2b.1 How many +securities are being issued without +security holder approval using the entity's 15% placement capacity under listing rule 7.1?

160,000,000 options exercisable at $0.01 on or before 30 November 2023.

5.2c Are any of the +securities being issued without +security holder approval using the entity's additional 10% placement capacity under listing rule 7.1A (if applicable)? No

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