Dotz Nano Limited entered into a convertible securities agreement with Mercer Street Global Opportunity Fund, LLC to issue secured Convertible Notes, Options and commencement shares for a gross proceeds of AUD 11,998,800 on February 5, 2024. The company will issue 13,200,000 convertible notes at a face value each of AUD 1, at issue price AUD 0.909 per Convertible Note for a gross proceeds AUD 11,998,800 and 69,379,894 Options. Interest rate of the notes is 18% per annum. The exercise price of each Option is $0.35. Conversion price of notes is AUD 0.09. The transaction is subject to obtaining Shareholder approval.

On Same date, the company issued 2,200,000 convertible notes at a face value each of AUD 1, at issue price AUD 0.909 per Convertible Note for a gross proceeds AUD 1,998,800