Life360 : Retail Entitlement Offer

For personal use only

ASX ANNOUNCEMENT

30 November 2021

Retail Entitlement Offer

Life360, Inc. (Life360 or the Company) (ASX: 360) attaches, further to its announcement to the market on 23 November 2021, the following documents:

• Retail Entitlement Offer booklet;
• letter to eligible security holders; and
• letter to ineligible security holders.

Authorisation

Chris Hulls, Director, Co-Founder and Chief Executive Officer of Life360 authorised this announcement being given to ASX

About Life360

Life360 operates a platform for today's busy families, bringing them closer together by helping them better know, communicate with and protect the people they care about most. The Company's core offering, the Life360 mobile app, is a market leading app for families, with features that range from communications to driving safety and location sharing. Life360 is based in San Francisco and has more than 33.8 million monthly active users (MAU) as at September 2020, located in more than 195 countries.

Life360's CDIs are issued in reliance on the exemption from registration contained in Regulation S of the US Securities Act of 1933 (Securities Act) for offers of securities which are made outside the US. Accordingly, the CDIs, have not been, and will not be, registered under the Securities Act or the laws of any state or other jurisdiction in the US. As a result of relying on the Regulation S exemption, the CDIs are 'restricted securities' under Rule 144 of the Securities Act. This means that you are unable to sell the CDIs into the US or to a US person who is not a Qualified Institutional Buyer (QIB) for the foreseeable future except in very limited circumstances until after the end of the restricted period, unless the resale of the CDIs is registered under the Securities Act or an exemption is available. To enforce the above transfer restrictions, all CDIs issued bear a FOR Financial Product designation on the ASX. This designation restricts any CDIs from being sold on ASX to US persons excluding QIBs. However, you are still able to freely transfer your CDIs on ASX to any person other than a US person who is not a QIB. In addition, hedging transactions with regard to the CDIs may only be conducted in accordance with the Securities Act.

Life360, Inc. | ARBN 629 412 942 | 539 Bryant St, Suite 402, San Francisco, CA 94107 | investors.life360.com

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onlyuse personalFor Retail Entitlement Offer

ARBN 629 412 942

For personal use only

Retail Entitlement Offer

1 for 15.64 accelerated non-renounceablepro-rata entitlement offer of new CDIs in Life360, Inc. at an Offer Price of A$12.00 per new CDI.

The Entitlement Offer is fully underwritten.

Retail Entitlement Offer closes at 5.00pm (Sydney time) on 13 December 2021.

This is an important document which is accompanied by a personalised Entitlement and Acceptance Form for you to subscribe for CHESS Depositary Interests over new shares of common stock in Life360, Inc. You should read this document carefully in its entirety.

This document is not a prospectus under the Corporations Act and has not been lodged with the Australian Securities and Investments Commission or filed with the U.S. Securities Exchange Commission.

If you have any questions please contact your broker, solicitor, accountant, financial adviser or other professional adviser or the Life360 Offer Information Line.

ARBN 629 412 942

For personal use only

Contents

Important notice	1
Summary of the Entitlement Offer	4
Key dates	4
Letter to Securityholders	5
1.	Summary of options available to you	7
2.	Details of the entitlement offer	8
3.	How to apply	10
4.	ASX announcements and
	investor presentation	14
5.	Important infromation	61
6.	Glossary of terms	69
Corporate Directory	71

Retail Entitlement Offer 3

Important Notice

only	This Retail Offer Booklet is dated 30 November 2021
and has been issued by Life360, Inc. (Life360 or the
Company).
Defined terms used in these important notices have
the meaning given in this Retail Offer Booklet.
The Retail Entitlement Offer is made pursuant to
section 708AA of the Corporations Act 2001 (Cth)
(Corporations Act) (as notionally modified by
use	Australian Securities and Investments Commission
(ASIC) Corporations (Non-Traditional Rights Issues)
Instrument 2016/84, ASIC Corporations (Disregarding
	Technical Relief) Instrument 016/73, ASIC Class Order
	[CO 14/827], and ASIC Instrument 21-0964).
	This Retail Offer Booklet is not a prospectus or product
	disclosure statement under the Corporations Act
	and has not been lodged with ASIC. This Retail Offer
personal	Booklet does not contain all of the information which
would be required to be disclosed in a prospectus
or product disclosure statement. The information
	contained in this Retail Offer Booklet is not financial
	product advice and does not take into account your
	investment objectives, financial situation or particular
	needs.
	It is important that you read this Retail Offer Booklet
	carefully and in full before deciding whether to
	accept your Entitlement and apply for Additional New
	CDIs. In considering an investment in the Company,
	you should consider the risks that could affect the
	financial performance or position of the Company.
	You should carefully consider these risks in the light
	of your investment objectives, financial situation and
	particular needs (including financial and taxation
	issues) and seek professional advice from your
	accountant, financial adviser, stockbroker, lawyer or
	other professional adviser before deciding whether
For	to invest. Some of the risks that should be considered
by prospective investors are set out in the Investor
Presentation included in this Retail Offer Booklet.
	There may be risk factors in addition to these that
	should be considered in the light of your personal
	circumstances.
	Your right to acquire CDIs under the Retail
	Entitlement Offer is not transferrable. Eligible Retail
	Securityholders should carefully read and follow
	the instructions in Section 1 and in the personalised
	Entitlement and Acceptance Form when making the
	decision whether to accept your Entitlement and apply
	for Additional New CDIs.

By paying for your New CDIs through BPAY® or EFT in accordance with the instructions on the Entitlement and Acceptance Form, you acknowledge that you have read this Retail Offer Booklet and you have acted in accordance with and agree to the terms of the Retail Entitlement Offer detailed in this Retail Offer Booklet.

Future performance and forward looking statements

This Retail Offer Booklet contains forward-looking statements and comments about future events, including statements regarding Life360's intentions, objectives, plans, expectations, assumptions and beliefs about future events, including the industry and markets in which Life360 operates, Life360's expectations in relation to the financial and operating performance of its business, the potential impact and duration of the COVID-19 pandemic, the timetable and outcome of the Entitlement Offer and the proceeds thereof. This Retail Offer Booklet also contains forward-looking statements regarding the potential acquisition of Tile and Life360's expectations regarding the future performance of Tile's products and business and markets.

The words "anticipate", "believe", "expect", "project", "predict", "will", "forecast", "estimate", "likely", "intend", "outlook", "should", "could", "may", "target", "plan" and other similar expressions can generally be used to identify forward-looking statements. Indications of, and guidance or outlook on, future earnings or financial position or performance are also forward looking statements. Investors and prospective investors are cautioned not to place undue reliance on these forward-looking statements as they involve inherent risk and uncertainty (both general and specific) and should note that they are provided

as a general guide only. There is a risk that such predictions, forecasts, projections and other forward looking statements will not be achieved.

Subject to any continuing obligations under applicable law, Life360 does not undertake any obligation to publicly release the result of any revisions to these forward-looking statements to reflect events or circumstances after the date of this Retail Offer Booklet, to reflect any change in expectations in relation to any forward looking statements or any change in events, conditions or circumstances on which any such statements are based.

Retail Entitlement Offer 1