Ann: Notice of Annual General Meeting/Proxy Form, page-27

For anyone going to the AGM, would you be willing to prepare a list ofquestions you plan to ask and/or provide a recap of what occurs at the AGM like what Hezla did last year.It would be greatly appreciated.

 

Some questions I think might beuseful are:

Is Weebit still aiming to sign its firstco-operation agreement by the end of this year?

 

Background:

 - Last confirmation was in Q1FY19Activities Update and Appendix 4C on 19/10/2018: “the Company is stillworking to sign its first co-operation agreement and is continuing discussionswith key industry players, with the aim of achieving this by the end of thecalendar year.”

 

Can you breakdown the R&Dexpenses for this quarter (October-December).

 

Background:

 - As per the Q1FY19Activities Update and Appendix 4C, the expected R&D expenses are around2 million dollars which is significantly larger than previous quarters

 - As per the "WeebitNano successfully completes $3 million Placement as it prepares forproductisation", placement proceeds will be used for working capital andoffer expenses, and to progress Weebit Nano’s silicon oxide (SiOx) ReRAMtechnology to the next stage of productisation, including:  

    - Working with partnerstesting, evaluating and optimising Weebit Nano SiOx ReRAM memory chips toachieve robust technology parameters

    - Workingwith Leti to scale down the technology from the current 1Mb 40nm arrays (theform of existing memory chips being used by customers in phones, PCs or storagedevices) to 28nm which will allow Weebit to offer a more competitive solutionto the embedded memory market

    - Initiating work withproduction fabs, and planning the move to a production facility.

“We expect to progress to commercialisation by the end of 2020. We arenow improving baseline parameters, bringing them up to the level required forproduction. We are also preparing for the move to 28nm which we expect to startbefore the end of this calendar year. 2020 will be dedicated to transferringthe technology to a production fab. In parallel, the company is very focused onsigning its first cooperation agreement”, said Mr Hanoch.

 

For resolution 6, can you please provide some moreinformation on the work that Ashley Krongold has done that he hasn’t beencompensated for? He has already received a salary of $45,000 in 2018 and$33,750 in 2017.

Background - fromthe AGM notice: “Mr Krongold has been instrumental in the Company’s progress,from before its listing on the ASX until today. Throughout this time theCompany has not allocated any options or shares to Mr Krongold. The Company hasbeen very fortunate to the secure the services, support, and significantexperience, and the Board believes that 7,000,000 Shares is reasonablecompensation for his support over the past 4 years.”

 

Can you give any detailson Weebit’s future plans outside of ReRAM

 

Background

 - Coby has mentioned previously that Weebit’s main focus is ReRam, but that their overallgoal is to become a dominant player in the memory market in general.

 - In the $3 million Placement successfully completed announcement on 28 September 2018, in the about sectionit had: “Weebit Nano is a leader in the development of the future memorytechnology, and plans to become the new industry standard in this space. ItsSRAM, ReRAM, and NV-SRAM technologies address key needs of the semiconductorand consumer industries, enabling much faster, smaller, lower power and higherperformance designs in domains such as Artificial Intelligence and Mobile/IoTdevices. The company secured close to a hundred patents to ensure optimalcommercial and legal protection for its ground-breaking technology”. SRAM(Static Random Access Memory) SRAM is used in automotive electronics, medical devicesand industrial applications as well as in a computer’s Central Processing Unit(CPU) cache memory to store frequently used data to enable faster operatingspeeds

Are there any otherpatents besides the few alreadymentioned in previous announcements?

Are there any further comments you would like to make in regards to the current share price and recent director selling?

A summary of the resolutions is below:

Adoption of the Remuneration Report

Resolution 1: Adoption of the Remuneration Reportfor the year ended 30 June 2018.

For comparison this is the reportfor 4DS

Re-election of Directors

Resolutions 2, 3 and 4: Relectionof Dr Yoav Nissan-Cohen, Fred Bart and David Perlmutter as directors

 

Refresh of Placement Capacity andapprove an Additional 10% Placement Capacity

Resolution 5: Approval of Additional10% Placement Capacity

 

Approve certain share based payments

Resolution 6: Approval of issue ofShares to Non-executive Director of the Company, Ashley Krongold - 7,000,000Shares

Resolution 7: Approval ofPerformance Rights and Options to Executive Director of the Company, Dr Yoav Nissan-Cohen – 6,400,000performance rights (exercise price $0), 4,000,000 options (exercise price $0.0578)and 4,000,000 options (exercise price $0.0626).

Resolution 8: Approval ofPerformance Rights and Options to Non-executive Director of the Company, Mr Fred Bart - 3,200,000 performancerights (exercise price $0) and 4,000,000 options (exercise price $0.0509).

Resolution 9: Approval ofPerformance Rights and Options to Executive Director of the Company, Mr Jacob Hanoch - 12,000,000 Performance Rights(exercise price $0) and 10,000,000 options (exercise price $0.01755).

Resolution 10: Approval of Optionsto Non-executive Director of the Company, Mr David Perlmutter - 20,000,000 options(exercise price $0.0339).

 

Resolution 11: Subsequent approvalof issue of ordinary shares pursuant to Listing Rule 7.4 – issue of ordinaryshares in October 2018 (refresh 15%) - 77,142,845 shares from CR

Resolution 12: Subsequent approvalof issue of ordinary shares pursuant to Listing Rule 7.4 – issue of ordinaryshares in October 2018 (refresh 15%) - 4,285,714 shares to Everblu Capital forretail holders part of CR

Resolution 13: Subsequent approvalof issue of unlisted options pursuant to Listing Rule 7.4 – issue of unlistedoptions to Everblu Capital (refresh 15%) - 9,000,000 options (exercise price $0per share), 4,500,000 options (exercise price $0.0525) and 4,500,000 options(exercise price $0.06125) for the sophisticated investors part of CR

 

Approve the issue of placementshares to certain directors

Resolution 14: Approval to issuePlacement Shares to David Perlmutter. David Perlmutter committed to participatein the Placement for $50,000 (1,428,571 Shares).

Resolution 15: Approval to issuePlacement Shares to Fred Bart. Fred Bart committed to participate in thePlacement for $50,000 (1,428,571 Shares).

Resolution 16: Approval to issuePlacement Shares to Jacob Hanoch. Jacob Hanoch committed to participate in thePlacement for $25,000 (714,286 Shares).

Resolution 17: Approval to issuePlacement Shares to Yoav Nissan-Cohen. Yoav Nissan-Cohen committed toparticipate in the Placement for $25,000 (714,286 Shares).

 

Re-approval of Employee IncentiveOption Plan

Resolution 18: Re-approval ofEmployee Incentive Option Plan