Collaborate : 19/11/20 - Change of Director’s Interest Notice - APPENDIX 3Y

Appendix 3Y

Change of Director's Interest Notice

Rule 3.19A.2

Appendix 3Y

Change of Director's Interest Notice

Information or documents not available now must be given to ASX as soon as available. Information and documents given to ASX become ASX's property and may be made public.

Introduced 30/09/01 Amended 01/01/11

Name of entity	Collaborate Corporation Limited
ABN	60 066 153 982

We (the entity) give ASX the following information under listing rule 3.19A.2 and as agent for

the director for the purposes of section 205G of the Corporations Act.

Name of Director	Christopher James Noone
Date of last notice	6 November 2020

Part 1 - Change of director's relevant interests in securities

In the case of a trust, this includes interests in the trust made available by the responsible entity of the trust

Note: In the case of a company, interests which come within paragraph (i) of the definition of "notifiable interest of a director" should

be disclosed in this part.

Direct or indirect interest	Indirect.
Nature of indirect interest	Noone Holdings Pty Ltd as trustee for the C and K
(including registered holder)	Noone Family Trust
Note: Provide details of the circumstances
giving rise to the relevant interest.	Mr Noone is a director and shareholder of the
	company and a beneficiary of the trust.
Date of change	19 November 2020
No. of securities held prior to	Direct
change	Nil.
	Indirect
	11,395,683 fully paid ordinary shares (Shares).
	883,333 options exercisable at $0.0198 with an
	expiry date of 28 November 2020 (Executive A
	Options).
	883,333 options exercisable at $0.0298 with an
	expiry date of 28 November 2020 (Executive B
	Options).
	3,500,000 options exercisable at $0.0494 each
	with an expiry date of 23 November 2020 (Officer
	A Options).

+ See chapter 19 for defined terms.

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Appendix 3Y

Change of Director's Interest Notice

		7,000,000 options exercisable at $0.0792 each
		with an expiry date of 23 November 2020 (Officer
		B Options).
		336,110 options exercisable at $0.015 each on or
		before 18 December 2020 (Tranche 1 Unquoted
		Options).
		666,666 options exercisable at $0.015 each on or
		before 31 October 2022 (Tranche 2 Unquoted
		Options).
Class	Options exercisable at $0.015 each on or before
		19 November 2025 (Executive Options)1.
Number acquired	40,500,000 Executive Options.
Number disposed	Nil.
Value/Consideration	Non-cash consideration.
Note: If consideration is non-cash, provide
details and estimated valuation	The primary purpose of the issue of the Executive
		Options is to provide a performance linked long-
		term incentive component in his remuneration
		packages to motivate and reward his
		performance in his role as CEO and Executive
		Director.
		Estimated value of AUD 133,650 based on an
		independent valuation.
No. of securities held after	Direct
change	Nil.
		Indirect
		11,395,683 Shares.
		883,333 Executive A Options.
		883,333 Executive B Options.
		3,500,000 Officer A Options.
		7,000,000 Officer B Options.

1 40,500,000 Executive Options were issued subject to satisfaction of performance conditions and vesting periods as set out in the ASX announcement released to the market on 20 October 2020.

+ See chapter 19 for defined terms.

Appendix 3Y Page 2

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		Appendix 3Y
		Change of Director's Interest Notice
		336,110 Tranche 1 Unquoted Options.
		666,666 Tranche 2 Unquoted Options
		40,500,000 Executive Options.
	Nature of change	Issue of options as long-term incentive following
	exercise of options, issue of securities under	receipt of shareholder approval at the Annual
	Example: on-market trade, off-market trade,
	dividend reinvestment plan, participation in	General Meeting held on 19 November 2020
	buy-back	(2020 AGM).

Part 2 - Change of director's interests in contracts

Note: In the case of a company, interests which come within paragraph (ii) of the definition of "notifiable interest of a director" should

be disclosed in this part.

Detail of contract	Revised short-term and long-term incentive
	structure for CEO and Executive Director, Chris
	Noone. Summary of key terms contained in the ASX
	announcement released to the market on 20
	October 2020.
Nature of interest	Offer of a long-term incentive comprising a total of
	40,500,000 Executive Options, the issue of which
	was subject to shareholder approval at the 2020
	AGM.
Name of registered holder	Noone Holdings Pty Ltd as trustee for the C and K
(if issued securities)	Noone Family Trust
Date of change	19 November 2020
No. and class of securities to	Not applicable.
which interest related prior
to change
Note: Details are only required for a contract in
relation to which the interest has changed
Interest acquired	Nil.
Interest disposed	Shareholder approval received to issue Executive
	Options.

+ See chapter 19 for defined terms.

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Change of Director's Interest Notice

Value/Consideration	Non-cash consideration.
Note: If consideration is non-cash, provide
details and an estimated valuation	The primary purpose of the issue of the Executive
	Options is to provide a performance linked long-
	term incentive component in his remuneration
	packages to motivate and reward his performance
	in his role as CEO and Executive Director.
	Estimated value of AUD 133,650 based on an
	independent valuation.
Interest after change	Direct
	Nil.
	Indirect
	11,395,683 Shares.
	883,333 Executive A Options.
	883,333 Executive B Options.
	3,500,000 Officer A Options.
	7,000,000 Officer B Options.
	336,110 Tranche 1 Unquoted Options.
	666,666 Tranche 2 Unquoted Options
	40,500,000 Executive Options.

Part 3 - +Closed period

Were the interests in the	No
securities	or	contracts
detailed	above	traded
during a +closed period
where	prior	written
clearance was required?
If	so, was prior	written	Not applicable
clearance provided to allow
the trade to proceed during
this period?
If	prior	written clearance	Not applicable
was provided, on what date
was this provided?

+ See chapter 19 for defined terms.

Appendix 3Y Page 4

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