Firstwave Cloud Technology : Constitution

ASX Release

14 December 2021

For personal use only

FirstWave Cloud Technology Limited Constitution

FirstWave Cloud Technology Limited (ASX:FCT) (FirstWave), is pleased to advise that shareholders of FirstWave approved the amendments to its Constitution at the Annual General Meeting held on Thursday, 9 December 2021.

The Constitution is attached.

ENDS

This announcement has been approved for release by the Chief Financial Officer and Company Secretary of FirstWave Cloud Technology Limited.

For media and investor inquiries, please contact:

Ryan Thompson

[phone] [e-mail]

About FirstWave Cloud Technology Limited (FirstWave)

FirstWave, a leading Australian global cybersecurity technology company, has delivered cybersecurity-as-a- service solutions since 2004, in line with its mission is to democratise enterprise-gradecybersecurity-as-a-service for the SMB market. In an increasingly connected and vulnerable digital world, FirstWave believes that safe business is good business and that every business should have access to enterprise-grade cybersecurity. FirstWave's infrastructure, management and security processes are certified to ISO 27001 Information Security Management System Standard and ISO 9001 Quality Management System Standard.

First FirstWave Cloud Technology Limited ABN: 35 144 733 595 Level 14, 132 Arthur St North Sydney, NSW, 2060, Australia T [phone] W Firstwavecloud.com

For personal use only

CORPORATIONS ACT 2001

CONSTITUTION

of

FIRSTWAVE CLOUD TECHNOLOGY LIMITED

ACN 144 733 595

Adopted by Special Resolution by the shareholders on

9 December 2021

For personal use only

CONTENTS

1.	INTERPRETATION.........................................................................................................	1
	1.1	Definitions .....................................................	, ..................................................1
	1.2	Corporations Act Definitions ............................................................................	3
	1.3	Status of Constitution ..................................................................................	3
	1.4	Headings .....................................................................................................	3
	1.5	Displacement of Replaceable Rules......................................................	4
2.	SHARE CAPITAL AND VARIATION OF RIGHTS.........................................................	4
	2.1	Rights Attaching to Shares .........................................................................	4
	2.2	Issue of Shares .................................................................................................	4
	2.3	Share Options .............................................................................................	4
	2.4	Classes of Shares.............................................................................................	4
	2.5	Preference Shares ......................................................................................	5
	2.6	Recognition of Trusts ..................................................................................	5
	2.7	Unregistered Interests.................................................................................	5
	2.8	Share Certificates and Share Option Certificates ......................................	5
	2.9	Section 1071H of the Corporations Act ......................................................	6
	2.10	Commissions	....................................................................................................	6
	2.11	Restricted Securities.........................................................................................	6
	2.12	Non-Issue or Cancellation of Certificate ................................................	6
	2.13	No Prohibition on Foreign Ownership ........................................................	7
	2.14	Payment of Interest out of Capital ...............................................................	7.
3.	MINIMUM SHAREHOLDING ..........................................................................................	8
	3.1	Effect of this Clause ....................................................................................	8
	3.2	Definitions .........................................................................................................	8
	3.3	Minimum Shareholding ...............................................................................	8
	3.4	Sale of Listed Securities of Minority Member .............................................	8
	3.5	Acceptance of Offer .........................................................................	9
	3.6	Appointment of Attorney ........................................................................	9
	3.7	Transfer.......................................................................................................	9
	3.8	Proceeds of Sale ..............................................................................................	9
	3.9	Receipt of Proceeds ........................................................................................	9
	3.10	Registration of Purchaser ..........................................................................	10
	3.11	Remedies Limited ......................................................................................	10
	3.12	Cost of Sale of Listed Securities ....................................................................	10
	3.13	Exemption from Clause 3..........................................................................	10
	3.14	Notice to Exempt .............................................................................................	10
	3.15	Takeover Offer or Announcement ..............................................................	1.0
4.	3.16	Use by Company of Clause 3.........................................................................	10
UNCERTIFICATED HOLDINGS AND ELECTRONIC TRANSFERS...........................................	11
	4.1	Electronic or Computerised Holding ...............................................................	11
	4.2	Statement of	Holdings........................................................................................	11
	4.3	Share Certificates .........................................................................................	1.1
	4.4	Listing Rules ........................................................................................................	11
5.	LIEN	..............................................................................................................................	11

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	5.1	Lien for Members Debts ............................................................................	11
	5.2	Generally ..................................................................................................	11
	5.3	Exemption ......................................................................................................	12
	5.4	Dividends .......................................................................................................	12
	5.5	Sale of Shares................................................................................................	12
	5.6	Restrictions on Sale.......................................................................................	13
	5.7	Person Authorised to Sign Transfers ........................................................	13
	5.8	Proceeds of Sale .......................................................................................	14
	5.9	Protection of Lien under ASTC Settlement Rules ..........................................	14
	5.1O	Further Powers re Forfeited Shares and Liens.............................................	14
6.	CALLS ON SHARES ...................................................................................................	13
	6.1	Calls ...............................................................................................................	13
	6.2	Payment of Calls .......................................................................................	14
	6.3	Quoted Shares ..........................................................................................	14
	6.4	Unquoted Shares.......................................................................................	15
	6.5	Joint Liability ..................................................................................................	15
	6.6	Deemed Calls ............................................................................................	15
	6.7	Differentiation between Shareholders .......................................................	15
	6.8	Payments in Advance of Calls ..................................................................	15
	6.9	Outstanding Moneys .................................................................................	15
	6.10	Revocation or Postponement ....................................................................	16
	6.11	Compliance with Listing Rules and Corporations Act ..............................	16
7.	FORFEITURE OF SHARES.........................................................................................	16
	7.1	Failure to Pay Call .........................................................................................	16
	7.2	Forfeiture ........................................................................................................	16
	7.3	Sale of Forfeited Shares ................................................................................	16
	7.4	Continuing Liability.........................................................................................	16
	7.5	Officer's Statement Prima Facie Evidence................................................	17
	7.6	Procedures.....................................................................................................	17
	7.7	Listing Rules and ASTC Settlement Rules ....................................................	17
8.	TRANSFER OF SHARES............................................................................................	17
	8.1	Form of Transfer.............................................................................................	17
	8.2	CHESS Transfers...........................................................................................	17
	8.3	Participation in CHESS ..................................................................................	18
	8.4	Registration Procedure..............................................................................	18
	8.5	Power to Refuse to Register .........................................................................	18
	8.6	Closure of Register ........................................................................................	18
	8.7	Retention of Transfers by Company .............................................................	20
	8.8	Powers of Attorney ........................................................................................	20
	8.9	Other Securities .............................................................................................	20
	8.10	Branch Register .............................................................................................	20
	8.11	Compliance with ASTC Settlement Rules.................................................	20
	8.12	Issuer Sponsored Subregister ............................................	.......................20

8.13 Transferor Holds Shares until Registration of Transfer………………………..20

9.	TRANSMISSION OF SHARES....................................................................................	20
	9.1	Death of Shareholder Leaving a Will ........................................................	20
	9.2	Death or Bankruptcy of Shareholder........................................................	21
	9.3	Registration by Transmission or to Beneficiary..............................................	21

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	9.4	Limitations to Apply ........................................................................................	21
	9.5	Death of a Joint Holder .............................................................................	21
	9.6	Joint Personal Representatives................................................................	21
	9.7	ASTC Transfer................................................................................................	22
	9.8	Joint Holders...................................................................................................	22
10.	CHANGES TO CAPITAL STRUCTURE ......................................................................	22
	10.1	Alterations to Capital .................................................................................	22
	10.2	Reduction of Capital.............................................................................	22
	10.3	Buy-Backs.......................................................................................................	22
11.	GENERAL MEETINGS.................................................................................................	23
	11.1	Convening of General Meetings of Shareholders ....................................	23
	11.2	Postponement of a General Meeting of Shareholders..............................	23
	11.3	Cancellation of a General Meetingof Shareholders ............................	23
	11.4	Convening of General Meetings of Shareholders by a Director ..............	23
	11.5	Notice ...................................................................................................	23
	11.6	Business at General Meeting ........................................................................	24
	11.7	Notice to Home Branch.............................................................................	24
	11.8	Annual General Meeting ......................................................................	24

11.9 Meetings held by electronic means………………………………………………24

12.	PROCEEDINGS AT GENERAL MEETINGS	...............................................................	25
	12.1	Quorum ........................................................................................................	2….5
	12.2	Persons Entitled to Attend a General Meeting.........................................	25
	12.3	Refusal of Admission to Meetings...............................................................	2..5
	12.4	Chairman ..................................................................................................	25
	12.5	Vacating Chair ..........................................................................................	26
	12.6	Disputes Concerning Procedure ..............................................................	26
	12.7	General Conduct ......................................................................................	26
	12.8	Casting Vote .............................................................................................	26
	12.9	Adjournment .............................................................................................	26
	12.10 Notice of Resumption of Adjourned Meeting.......................................	26
	12.11	Voting Rights........................................ ........................................................	2..6
	12.12	Voting - Show of Hands ..................................................................................	28
	12.13	Results of Voting ............................................................................................	28
	12.14	Poll..................................................................................................................	28
	12.15	Manner of Taking Poll...............................................................................	28
	12.16	Meeting May Continue.........................................................................	28
	12.17	Voting by Joint Holders ..................................................................................	29
	12.18	Shareholder under Disability ....................................................................	29
	12.19	Payment of Calls ......................................................................................	29
	12.20	Objection to Voting ..............................................................................	29
	12.21	Proxies ...........................................................................................................	29
	12.22	Electronic Appointment of Proxy ..............................................................	30
	12.23	Proxy Votes ...................... .........................	..................................................30

12.24 Representatives of Corporate Shareholders………………………………..30

13.	THE DIRECTORS................................................................................................................	30
	13.1	Number of Directors ..................................................................................	31
	13.2	Rotation of Directors..................................................................................	31
	13.3	Election of Directors.......................................................................................	31
	13.4	Additional Directors.............................. .......................................................	31