Ann: Appendix 4D and 1H24 Financial Report, page-21

Great summary however the LDA Capital analysis is incorrect and needs to have regard to the following:

"In conjunction with the equity capital raising, BrainChip has also fulfilled its current obligations and
any rights of the counterparties under the 2020 Put Option Agreement between the Offeror, LDA
Capital Limited and LDA Capital LLC. These current obligations have been fulfilled under the terms
of the Agreement through the payment by Brainchip of an Early Buyout Fee to LDA Capital of
$371,000. Although all obligations have been met, the agreement remains intact and available for
additional capital raises should the company choose to do so until 31 December 2024 at which time
the term of the agreement as stated in the Third Amendment to the Put Option Agreement ends."

So BrainChip does have the capacity to call on the residue of the original 50 million dollar option it has no further obligation as a result of the negotiated $371,000.00 discharge.

My opinion only DYOR

Fact Finder