ROCKETDNA LTD. — Capital/Financing Update 2020

Mar 17, 2020

Proposed issue of securities

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Announcement Summary

Entity name PARAZERO LIMITED

Announcement Type

New announcement

Date of this announcement

Wednesday March 18, 2020

The Proposed issue is:

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A placement or other type of issue

Total number of +securities proposed to be issued for a placement or other type of issue

		Maximum Number of
ASX +Security Code	+Security Description	+securities to be issued
n/a	Convertible Notes with an aggregate value of AU$170,000	170,000

Proposed +issue date Monday August 3, 2020

Refer to next page for full details of the announcement

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Proposed issue of securities

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Part 1 - Entity and announcement details

1.1 Name of +Entity

PARAZERO LIMITED

We (the entity named above) give ASX the following information about a proposed issue of +securities and, if ASX agrees to +quote any of the +securities (including any rights) on a +deferred settlement basis, we agree to the matters set out in Appendix 3B of the ASX Listing Rules.

1.2 Registered Number Type

ACN

Registration Number

618678701

1.3 ASX issuer code

PRZ

1.4 The announcement is

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New announcement

1.5 Date of this announcement

Wednesday March 18, 2020

1.6 The Proposed issue is:

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A placement or other type of issue

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Part 7 - Details of proposed placement or other issue

Part 7A - Conditions

7A.1 - Are any of the following approvals required for the placement or other type of issue? +Security holder approval Court approval Lodgement of court order with +ASIC ACCC approval FIRB approval Another approval/condition external to the entity No

Part 7B - Issue details

Is the proposed security a 'New Will the proposed issue of this class' (+securities in a class that is +security include an offer of not yet quoted or recorded by ASX) attaching +securities? or an 'Existing class' (additional No securities in a class that is already quoted or recorded by ASX)? New class

Details of +securities proposed to be issued

ISIN Code (if Issuer is a foreign company and +securities are non CDIs)

Have you received confirmation from Will the entity be seeking quotation ASX that the terms of the proposed of the 'new' class of +securities on +securities are appropriate and ASX? equitable under listing rule 6.1? No No ASX +Security Code +Security Description New class-code to be confirmed Convertible Notes with an aggregate value of AU$170,000

+Security Type

Convertible Debt Securities

Maximum Number of +securities proposed to be issued 170,000

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Proposed issue of securities

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Purpose of the issue

Funds will be applied towards corporate overheads and operational overheads.

Offer price details for retail security holders

In what currency is the cash What is the issue price per consideration being paid? +security? AUD - Australian Dollar AUD 1.00000

Will all the +securities issued in this class rank equally in all respects from their issue date? No

Oversubscription & Scale back details

May a scale back be applied to this event? No

If some of the issued +securities do not rank equally

Is the actual date from which the +securities will rank equally (non-ranking end date) known? No

Provide the estimated non-ranking end period

The non-ranking period ends on the later of a repayment date of 3 August 2020 or any other date agreed between the Company and the Subscriber.

Please state the extent to which the +securities do not rank equally: In relation to the next dividend, distribution or interest payment; or For any other reason

The securities are convertible debt securities which if approved by shareholders by way of general meeting and if converted will amount to a total of 3,116,667 ordinary fully paid shares when the allotted and issued shares will rank equally in all respects with the ordinary fully paid shares on issue. The convertible notes do not entitle the holder to participate in the next dividend payment.

Convertible Debt +Securities details

These securities are: Type of security Convertible Corporate Bond +Security Currency Face Value AUD - Australian Dollar AUD 1.0000 Interest Rate Type Zero Coupon Frequency of Coupon/Interest Payments Per Year No Payments

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Proposed issue of securities
s128F of the Income Tax Assessment
Act status applicable to the security
Not applicable
Is the security Perpetual (ie. No	Maturity Date
maturity)? No	Monday August 3, 2020
Is the Security Subordinated?
No
Is the Security Secured?
No
Select other features applicable to
the security
Redeemable
Is a First Trigger Date on which
conversion, redemption, call or put
can occur (whichever is first)
applicable?
No
Details of the existing class of +security that will be issued upon exercise or conversion of this
new class of +security

PRZ : ORDINARY FULLY PAID

Please provide any further information relating to the principal terms of the +securities

Part 7C - Timetable

7C.1 Proposed +issue date

Monday August 3, 2020

Part 7D - Listing Rule requirements

7D.1 Has the entity obtained, or is it obtaining, +security holder approval for the issue under listing rule 7.1? Yes

7D.1a Date of meeting or proposed meeting to approve the issue under listing rule 7.1 Monday June 15, 2020

7D.2 Is a party referred to in listing rule 10.11.1 participating in the proposed issue? No

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7D.3 Will any of the +securities to be issued be +restricted securities for the purposes of the listing rules? No 7D.4 Will any of the +securities to be issued be subject to +voluntary escrow? No Part 7E - Fees and expenses 7E.1 Will there be a lead manager or broker to the proposed issue? No 7E.2 Is the proposed issue to be underwritten? No 7E.4 Details of any other material fees or costs to be incurred by the entity in connection with the proposed issue Part 7F - Further Information 7F.1 Will the entity be changing its dividend/distribution policy if the proposed issue proceeds? No 7F.2 Any other information the entity wishes to provide about the proposed issue

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