Endless Solar : Application for Quotation of Additional Securities

www.nsxa.com.au

ABN: 11 000 902 063

Application for Quotation of Additional Securities

File Reference:

I:IssuersFormswebsite formsdocuments 2016issuersNSX Quotation of Additional Securities.doc

Table of Contents

INTRODUCTION ..................................................................................................................... 2

NEW ISSUE ANNOUNCEMENT, APPLICATION FOR QUOTATION OF ADDITIONAL

SECURITIES AND AGREEMENT .......................................................................................... 3

PART 1 - ALL ISSUES ........................................................................................................... 3

PART 2 - BONUS ISSUE OR PRO RATA ISSUE ................................................................ 6

PART 3 - QUOTATION OF SECURITIES .............................................................................. 8

ADDITIONAL SECURITIES FORMING A NEW CLASS OF SECURITIES .............................................. 8

QUOTATION AGREEMENT ................................................................................................. 10

Introduction

To ensure the efficient processing of this form by NSX, please:

• 1. Adhere to the suggested number of the annexures required by this form.

• 2. Complete all statements and questions in this form. (NSX can provide an electronic version of this form on request).

New issue announcement, application for quotation of additional securities and agreement

Information or documents not available now must be given to NSX as soon as available. Information and documents given to NSX become NSX's property and may be made public.

Introduced 11 March 2004. Revised 7 March 2016.

Name of entity

Endless Solar Corporation Limited

ABN/ACN 122 708 061

We (the entity) give NSX the following information.

Part 1 - All issues

You must complete the relevant sections (attach sheets if there is not enough space).

• 1 Class of securities issued or to be issued

  ESCLV Shares

  Options over ESCLV Shares

• 2 Number of securities issued or to be issued (if known) or maximum number which may be issued

  2,000,000 ESCLV Shares

  3,000,000 Options over 3 million ESCLV shares and exercisable at 12 cents per option at any time up to 20th June 2027

• 3 Principal terms of the securities (eg, if options, exercise price and expiry date; if partly paid securities, the amount outstanding and due dates for payment; if convertible securities, the conversion price and dates for conversion)

ESC to grant to Thermal Energy Solutions Pty Ltd 3,000,000 options over ESCLV Shares at 12 cents per option and exercisable any time up to 20 June 2027.

2,000,000 ESCLV Shares at 10 cents per Share

• 4 Do the securities rank equally in all respects from the date of allotment with an existing class of quoted securities?

  If the additional securities do not rank equally, please state:

  • • the date from which they do

  • • the extent to which they participate for the next dividend, (in the case of a trust, distribution) or interest payment

  • • the extent to which they do not rank equally, other than in relation to the next dividend, distribution or interest payment

• 5 Issue price or considerationYes

  $0.10 Fully Paid ESCLV Shares $0.12 per ESCLV Options

• 6 Purpose of the issue

  (If issued as consideration for the acquisition of assets, clearly identify those assets)

• 7 Dates of entering securities into uncertificated holdings or despatch of certificates

  Increase in Working CapitalTo be issued by or before Tuesday 26th April 2022

• 8 Number and class of all securities quoted on NSX (including the securities in clause 2 if applicable)

Number	Class
79,926,022	Fully Paid ESCLV Shares

Number

Class

• 9 Number and class of all securities not quoted on NSX (including the securities in clause 2 if applicable)

• 10 Dividend policy (in the case of a trust, distribution policy) on the increased capital (interests)

3,000,000

15,324,050

6,200,000

ESCLV Options at

$0.12 expires on 20th

June 2027

ESCLV Shares to

ESCCN at $0.10 expires on 22nd Oct

2025

ESCLV Options to

ESCOH at $0.10

expires on 22nd

October 2025