Announcement PDF Notification of Issue, Conversion or Payment up of Unquoted Equity Securities Announcement Summary Entity name CLEARVUE TECHNOLOGIES LIMITED Date of this announcement Tuesday October 31, 2023 The +securities the subject of this notification are: +Other securities issued under an +employee incentive scheme that are not intended to be quoted on ASX Total number of +securities to be issued/transferred ASX +security code Security description Total number of +securities to be issued/transferred Issue date New class - code to be confirmed Options 1,000,000 30/10/2023 New class - code to be confirmed Class D Performance Rights 1,000,000 30/10/2023 New class - code to be confirmed Class E Performance Rights 500,000 30/10/2023 New class - code to be confirmed Class F Performance Rights 500,000 30/10/2023 New class - code to be confirmed Class G Performance Rights 1,000,000 30/10/2023 New class - code to be confirmed Class H Performance Rights 500,000 30/10/2023 New class - code to be confirmed Class I Performance Rights 500,000 30/10/2023 New class - code to be confirmed Class J Performance Rights 1,000,000 30/10/2023 Refer to next page for full details of the announcement Notification of Issue, Conversion or Payment up of Unquoted Equity Securities 1 / 16 Notification of Issue, Conversion or Payment up of Unquoted Equity Securities Part 1 - Entity and announcement details 1.1 Name of entity CLEARVUE TECHNOLOGIES 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 Registration number ACN 071397487 1.3 ASX issuer code CPV 1.4 The announcement is New announcement 1.5 Date of this announcement 31/10/2023 Notification of Issue, Conversion or Payment up of Unquoted Equity Securities 2 / 16 Notification of Issue, Conversion or Payment up of Unquoted Equity Securities Part 2 - Issue details 2.1 The +securities the subject of this notification are: +Other securities issued under an +employee incentive scheme that are not intended to be quoted on ASX 2.2a This notification is given in relation to an issue of +securities in a class which is not quoted on ASX and which: does not have an existing ASX security code ("new class") Notification of Issue, Conversion or Payment up of Unquoted Equity Securities 3 / 16 Notification of Issue, Conversion or Payment up of Unquoted Equity Securities 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 ASX +security code +Security description New class - code to be confirmed Options +Security type ISIN code Options Date the +securities the subject of this notification were issued 30/10/2023 Will all the +securities issued in this class rank equally in all respects from their issue date? Yes Were any of the +securities issued to +key management personnel (KMP) or an +associate? No Have you received confirmation from ASX that the terms of the +securities are appropriate and equitable under listing rule 6.1? No Please provide a URL link for a document lodged with ASX setting out the material terms of the +securities being issued. Underlying terms are contained in the Employee Securities Incentive Plan at the following link: https://www.clearvuepv.com/wp-content/uploads/2021/11/Employee-Securities-Incentive-Plan-all-in-one-%E2%80%93-C PV-approved-25-Nov-2021.pdf Options Details +Security currency Exercise price Expiry date AUD - Australian Dollar AUD 0.00000000 30/10/2027 Details of the existing class of +security that will be issued upon exercise or conversion of this new class of company option Other Description 1 fully paid ordinary share for every 1 option exercised Please provide a URL link for a document lodged with ASX detailing the terms of the +employee incentive scheme or a summary of the terms https://www.clearvuepv.com/wp-content/uploads/2021/11/Employee-Securities-Incentive-Plan-all-in-one-%E2%80%93-C PV-approved-25-Nov-2021.pdf Notification of Issue, Conversion or Payment up of Unquoted Equity Securities 4 / 16 Notification of Issue, Conversion or Payment up of Unquoted Equity Securities Any other information the entity wishes to provide about the +securities the subject of this notification Vesting condition: Options are exercisable where the share price for the Company reaches A$0.50 and maintains a VWAP of A$0.50 for at least 14 days within and prior to the expiry date. Issue details Number of +securities 1,000,000 ASX +security code +Security description New class - code to be confirmed Class D Performance Rights +Security type ISIN code Other Date the +securities the subject of this notification were issued 30/10/2023 Will all the +securities issued in this class rank equally in all respects from their issue date? Yes Were any of the +securities issued to +key management personnel (KMP) or an +associate? No Please provide a URL link for a document lodged with ASX setting out the material terms of the +securities being issued. Underlying terms are contained in the Employee Securities Incentive Plan at the following link: https://www.clearvuepv.com/wp-content/uploads/2021/11/Employee-Securities-Incentive-Plan-all-in-one-%E2%80%93-C PV-approved-25-Nov-2021.pdf Please provide a URL link for a document lodged with ASX detailing the terms of the +employee incentive scheme or a summary of the terms https://www.clearvuepv.com/wp-content/uploads/2021/11/Employee-Securities-Incentive-Plan-all-in-one-%E2%80%93-C PV-approved-25-Nov-2021.pdf Notification of Issue, Conversion or Payment up of Unquoted Equity Securities 5 / 16 Notification of Issue, Conversion or Payment up of Unquoted Equity Securities Any other information the entity wishes to provide about the +securities the subject of this notification Vesting condition: The performance rights will vest with the participant assisting the Company to complete development and testing of vision and Spandrel Glass to achieve an A2 SO D1 fire rating confirmed by independent third party testing, with such testing party approved by the Company and certified to the EN13501.1 standard before the end of the expiry date on 30 October 2027. Issue details Number of +securities 1,000,000 ASX +security code +Security description New class - code to be confirmed Class E Performance Rights +Security type ISIN code Other Date the +securities the subject of this notification were issued 30/10/2023 Will all the +securities issued in this class rank equally in all respects from their issue date? Yes Were any of the +securities issued to +key management personnel (KMP) or an +associate? No Please provide a URL link for a document lodged with ASX setting out the material terms of the +securities being issued. Underlying terms are contained in the Employee Securities Incentive Plan at the following link: https://www.clearvuepv.com/wp-content/uploads/2021/11/Employee-Securities-Incentive-Plan-all-in-one-%E2%80%93-C PV-approved-25-Nov-2021.pdf Please provide a URL link for a document lodged with ASX detailing the terms of the +employee incentive scheme or a summary of the terms https://www.clearvuepv.com/wp-content/uploads/2021/11/Employee-Securities-Incentive-Plan-all-in-one-%E2%80%93-C PV-approved-25-Nov-2021.pdf Notification of Issue, Conversion or Payment up of Unquoted Equity Securities 6 / 16 Notification of Issue, Conversion or Payment up of Unquoted Equity Securities Any other information the entity wishes to provide about the +securities the subject of this notification Vesting condition: If the participant introduces an equity investor to the Company where an Equity Investment transaction is concluded and/or the participant has carriage of concluding a equity investment before the expiry date on 30 October 2027. Issue details Number of +securities 500,000 ASX +security code +Security description New class - code to be confirmed Class F Performance Rights +Security type ISIN code Other Date the +securities the subject of this notification were issued 30/10/2023 Will all the +securities issued in this class rank equally in all respects from their issue date? Yes Were any of the +securities issued to +key management personnel (KMP) or an +associate? No Please provide a URL link for a document lodged with ASX setting out the material terms of the +securities being issued. Underlying terms are contained in the Employee Securities Incentive Plan at the following link: https://www.clearvuepv.com/wp-content/uploads/2021/11/Employee-Securities-Incentive-Plan-all-in-one-%E2%80%93-C PV-approved-25-Nov-2021.pdf Please provide a URL link for a document lodged with ASX detailing the terms of the +employee incentive scheme or a summary of the terms https://www.clearvuepv.com/wp-content/uploads/2021/11/Employee-Securities-Incentive-Plan-all-in-one-%E2%80%93-C PV-approved-25-Nov-2021.pdf Notification of Issue, Conversion or Payment up of Unquoted Equity Securities 7 / 16 Notification of Issue, Conversion or Payment up of Unquoted Equity Securities Any other information the entity wishes to provide about the +securities the subject of this notification Vesting condition: If the participant introduces a strategic investor to the Company where a Strategic Investment transaction is concluded and/or the participant has carriage of concluding a Strategic Investment before the expiry date on 30 October 2027. Issue details Number of +securities 500,000 ASX +security code +Security description New class - code to be confirmed Class G Performance Rights +Security type ISIN code Other Date the +securities the subject of this notification were issued 30/10/2023 Will all the +securities issued in this class rank equally in all respects from their issue date? Yes Were any of the +securities issued to +key management personnel (KMP) or an +associate? No Please provide a URL link for a document lodged with ASX setting out the material terms of the +securities being issued. Underlying terms are contained in the Employee Securities Incentive Plan at the following link: https://www.clearvuepv.com/wp-content/uploads/2021/11/Employee-Securities-Incentive-Plan-all-in-one-%E2%80%93-C PV-approved-25-Nov-2021.pdf Please provide a URL link for a document lodged with ASX detailing the terms of the +employee incentive scheme or a summary of the terms https://www.clearvuepv.com/wp-content/uploads/2021/11/Employee-Securities-Incentive-Plan-all-in-one-%E2%80%93-C PV-approved-25-Nov-2021.pdf Any other information the entity wishes to provide about the +securities the subject of this notification Vesting condition: If the participant is able to assist the Company to complete an uplisting of its OTCQB US or ASX listing on to the main US board of the NASDAQ or the NYSE before the expiry date on 30 October 2027, or have commenced Notification of Issue, Conversion or Payment up of Unquoted Equity Securities 8 / 16 Notification of Issue, Conversion or Payment up of Unquoted Equity Securities such a process at least 3 months before the expiry date and such uplisting is completed within a further 6 months after the end of the expiry date. Issue details Number of +securities 1,000,000 ASX +security code +Security description New class - code to be confirmed Class H Performance Rights +Security type ISIN code Other Date the +securities the subject of this notification were issued 30/10/2023 Will all the +securities issued in this class rank equally in all respects from their issue date? Yes Were any of the +securities issued to +key management personnel (KMP) or an +associate? No Please provide a URL link for a document lodged with ASX setting out the material terms of the +securities being issued. Underlying terms are contained in the Employee Securities Incentive Plan at the following link: https://www.clearvuepv.com/wp-content/uploads/2021/11/Employee-Securities-Incentive-Plan-all-in-one-%E2%80%93-C PV-approved-25-Nov-2021.pdf Please provide a URL link for a document lodged with ASX detailing the terms of the +employee incentive scheme or a summary of the terms https://www.clearvuepv.com/wp-content/uploads/2021/11/Employee-Securities-Incentive-Plan-all-in-one-%E2%80%93-C PV-approved-25-Nov-2021.pdf Any other information the entity wishes to provide about the +securities the subject of this notification Vesting condition: Where the share price for the Company reaches A$0.50 and maintains a VWAP of A$0.50 for at least 14 days within and prior to the expiry date on 30 November 2025. Notification of Issue, Conversion or Payment up of Unquoted Equity Securities 9 / 16 Notification of Issue, Conversion or Payment up of Unquoted Equity Securities Issue details Number of +securities 500,000 ASX +security code +Security description New class - code to be confirmed Class I Performance Rights +Security type ISIN code Other Date the +securities the subject of this notification were issued 30/10/2023 Will all the +securities issued in this class rank equally in all respects from their issue date? Yes Were any of the +securities issued to +key management personnel (KMP) or an +associate? No Please provide a URL link for a document lodged with ASX setting out the material terms of the +securities being issued. Underlying terms are contained in the Employee Securities Incentive Plan at the following link: https://www.clearvuepv.com/wp-content/uploads/2021/11/Employee-Securities-Incentive-Plan-all-in-one-%E2%80%93-C PV-approved-25-Nov-2021.pdf Please provide a URL link for a document lodged with ASX detailing the terms of the +employee incentive scheme or a summary of the terms https://www.clearvuepv.com/wp-content/uploads/2021/11/Employee-Securities-Incentive-Plan-all-in-one-%E2%80%93-C PV-approved-25-Nov-2021.pdf Any other information the entity wishes to provide about the +securities the subject of this notification Vesting condition: In the event the Company receives revenue of A$1.5m from the sale of its own products (incorporating the CPV technology) during a 12 month period before the expiry date on 30 November 2025. Notification of Issue, Conversion or Payment up of Unquoted Equity Securities 10 / 16 Notification of Issue, Conversion or Payment up of Unquoted Equity Securities Issue details Number of +securities 500,000 ASX +security code +Security description New class - code to be confirmed Class J Performance Rights +Security type ISIN code Other Date the +securities the subject of this notification were issued 30/10/2023 Will all the +securities issued in this class rank equally in all respects from their issue date? Yes Were any of the +securities issued to +key management personnel (KMP) or an +associate? No Please provide a URL link for a document lodged with ASX setting out the material terms of the +securities being issued. Underlying terms are contained in the Employee Securities Incentive Plan at the following link: https://www.clearvuepv.com/wp-content/uploads/2021/11/Employee-Securities-Incentive-Plan-all-in-one-%E2%80%93-C PV-approved-25-Nov-2021.pdf Please provide a URL link for a document lodged with ASX detailing the terms of the +employee incentive scheme or a summary of the terms https://www.clearvuepv.com/wp-content/uploads/2021/11/Employee-Securities-Incentive-Plan-all-in-one-%E2%80%93-C PV-approved-25-Nov-2021.pdf Any other information the entity wishes to provide about the +securities the subject of this notification Vesting condition: In the event the Company receives revenue of A$3m from the sale of its own products (incorporating the CPV technology) during a 12 month period before the expiry date on 30 November 2025. Notification of Issue, Conversion or Payment up of Unquoted Equity Securities 11 / 16 Notification of Issue, Conversion or Payment up of Unquoted Equity Securities Issue details Number of +securities 1,000,000 Notification of Issue, Conversion or Payment up of Unquoted Equity Securities 12 / 16 Notification of Issue, Conversion or Payment up of Unquoted Equity Securities Notification of Issue, Conversion or Payment up of Unquoted Equity Securities 13 / 16 Notification of Issue, Conversion or Payment up of Unquoted Equity Securities 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 +securities on issue ASX +security code and description CPV : ORDINARY FULLY PAID 228,621,757 4.2 Unquoted +Securities (Total number of each +class of +securities issued but not quoted on ASX) Total number of +securities on issue ASX +security code and description CPVAK : OPTION EXPIRING 30-NOV-2024 EX $0.30 3,000,000 CPVAL : OPTION EXPIRING 30-NOV-2025 EX $0.40 2,500,000 CPVAM : OPTION EXPIRING 30-NOV-2026 EX $0.50 3,000,000 CPVAF : OPTION EXPIRING 11-JUL-2024 EX $0.1425 300,000 CPVAH : PERFORMANCE RIGHTS 10,000,000 CPVAG : OPTION EXPIRING 22-DEC-2023 EX $0.25 800,000 CPVAN : OPTION EXPIRING 12-JUL-2027 EX $0.2475 3,000,000 CPVAJ : OPTION EXPIRING 02-FEB-2024 EX $0.37 3,000,000 CPVAI : OPTION EXPIRING 30-JUN-2024 EX $0.75 2,000,000 New class - code to be confirmed : Options 1,000,000 New class - code to be confirmed : Class D Performance Rights 1,000,000 New class - code to be confirmed : Class E Performance Rights 500,000 New class - code to be confirmed : Class F Performance Rights 500,000 Notification of Issue, Conversion or Payment up of Unquoted Equity Securities 14 / 16 Notification of Issue, Conversion or Payment up of Unquoted Equity Securities New class - code to be confirmed : Class G Performance Rights 1,000,000 New class - code to be confirmed : Class H Performance Rights 500,000 New class - code to be confirmed : Class I Performance Rights 500,000 New class - code to be confirmed : Class J Performance Rights 1,000,000 Notification of Issue, Conversion or Payment up of Unquoted Equity Securities 15 / 16 Notification of Issue, Conversion or Payment up of Unquoted Equity Securities 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? Yes 5.1a Select the number of the applicable exception in Listing Rule 7.2 13 Notification of Issue, Conversion or Payment up of Unquoted Equity Securities 16 / 16