21 SHARE-BASED PAYMENTS The following share-based payment arrangements existed at 30 June 2023: Number of Options Exercise Price ($) Granted Date Status Vested Date Expiry Date Conditions Note 333,333 $1.05 27-Sep-19 Vested 27-Sep-19 4-Oct-23 Yes 1 & 4 166,667 $1.86 27-Sep-19 Vested 27-Sep-19 20-Nov-23 Yes 1 & 4 121,334 $1.19 28-Jul-20 Vested 28-Jul-20 15-Nov-23 Yes 1 & 2 48,148 $1.17 28-Jul-20 Vested 28-Jul-20 4-Dec-23 Yes 1 & 2 72,222 $ 1 .1 7 28-Jul-20 Vested 4-Dec-20 4-Dec-23 Yes 1 & 2 72,222 $ 1 . 1 7 28-Jul-20 Vested 4-Dec-21 4-Dec-23 Yes 1 & 2 26,000 $0.81 28-Jul-20 Vested 28-Jul-20 2-Jul-24 Yes 1 & 2 57,200 $0.81 28-Jul-20 Vested 2-Jul-21 2-Jul-24 Yes 1 & 2 47,667 $0.81 28-Jul-20 Vested 2-Jul-22 2-Jul-24 Yes 1, 2 & 3 13,000 $0.51 28-Jul-20 Vested 6-Feb-21 6-Feb-25 Yes 1 & 2 20,222 $0.51 28-Jul-20 Vested 6-Feb-22 6-Feb-25 Yes 1 & 2 166,667 $1.13 14-Apr-21 Vested 14-Apr-21 30-Apr-25 Yes 1 & 4 1,000,000 $2.32 29-Nov-21 Granted Conditions 30-Sep-23 Yes 1 & 6 1,000,000 $3.00 29-Nov-21 Granted Conditions 30-Sep-24 Yes 1 & 7 50,000 $1 . 7 3 04-Jan-22 Vested 20-Sep-22 20-Sep-25 Yes 1 & 3 50,000 $1 . 7 3 04-Jan-22 Granted 20-Sep-23 20-Sep-25 Yes 1 & 3 50,000 $1 . 7 3 04-Jan-22 Granted 20-Sep-24 20-Sep-25 Yes 1 & 3 50,000 $0.82 2-Nov-22 Granted 2-Nov-23 2-Nov-26 Yes 1 & 3 50,000 $0.82 2-Nov-22 Granted 2-Nov-24 2-Nov-26 Yes 1 & 3 50,000 $0.82 2-Nov-22 Granted 2-Nov-25 2-Nov-26 Yes 1 & 3 166,667 $1.08 15-Dec-22 Granted 15-Dec-23 15-Dec-26 Yes 1 & 3 166,667 $1.08 15-Dec-22 Granted 15-Dec-24 15-Dec-26 Yes 1 & 3 166,666 $1.08 15-Dec-22 Granted 15-Dec-25 15-Dec-26 Yes 1 & 3 3,944,682 Total ESOP Options Placement and Share Purchase Plan Options: 5,909,965 $2.32 24-Aug-21 Vested 24-Aug-21 24-Aug-23 No 8 9,854,647 Total Options on issue Notes: 1. Issued under the terms of the INOVIQ Incentive Option Plan (ESOP). 2. Upon termination of employment, vested options expire 60 days after termination of employment other than upon death, retirement, disability, or at Board discretion. Options are to be allowed to remain exercisable until expiry upon retirement or disability. Upon death, or mental incapacity, options can be transferred to an estate, or next of kin, and allowed to remain exercisable until expiry. In case of a change of control unvested options which have not expired are deemed to have satisfied the vesting conditions. 3. Vesting basis: to remain employed by INOVIQ up until vesting date. 4. Options issued to Dr Leearne Hinch. If Dr Hinch is to leave the employment of the Group options will expire 3 months after the departure date. 5. Vesting date 12 months after the execution of a consulting agreement with INOVIQ. 6. For the options to vest (be exercisable) the 7-day volume weighted price of the Company’s Shares must reach $2.32. 7. For the options to vest (be exercisable) the 7-day volume weighted price of the Company’s Shares must reach $3.00. 8. Options issued to Placement and Share Purchase Plan participants. ESOP options are not subject to performance conditions however are subject to continuation of employment, except in the event of forced resignation due to illness/death or retirement where the Board may exercise discretion to allow unvested options to continue onto expiry. 61 Annual Report 2023
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