AuKing Mining Limited Prospectus

A total of 650,000 convertible notes has been issued by the Company to the following parties: Name of Investor Number of Notes Issued Number of Shares to be received on conversion Blue Lake Partners Pty Ltd 100,000 833,333 Simman Investments Pty Ltd (The Cameron S/F A/C) 40,000 333,333 Anthony Clay and Carol Clay (Clay Super Fund A/C) 20,000 166,667 Rimoyne Pty Ltd 40,000 333,333 CS Third Nominees Pty Ltd (Regal Funds Management Pty Ltd A/C) 250,000 2,083,334 Wilabenson Pty Ltd 20,000 166,666 Dingjo Pty Ltd 50,000 416,667 Arnold Bros Pty Ltd (AB Super Fund A/C) 50,000 416,667 Arnold Bros Pty Ltd (TA Super Fund A/C) 25,000 208,333 Christopher Paul Arnold and Leanne Estelle Arnold (DECA Superannuation Fund A/C) 25,000 208,333 Burton Holdings (Qld) Pty Ltd (The CB A/C) 30,000 250,000 TOTAL 650,000 5,416,666 Upon re-admission to the Official List, the Company will issue a total of 5,416,666 Shares to these investors. Any accrued interest payable in respect of the notes will be paid by the Company out of the proceeds of the Offer. The issue of Shares as a consequence of conversion of these short-term notes is the subject of a resolution for approval at the General Meeting. As part of re-admission to the Official List, the Company will also issue a total of 833,333 Shares to the Peter Tighe Super Fund on conversion of the Tighe Short Term Convertible Notes, which were issued on the same terms as the Short Term Convertible Notes above and in respect of which conversion is subject to shareholder approval. The issue of Shares as a consequence of conversion of the Tighe Short Term Convertible Notes is the subject of a resolution for approval at the General Meeting. 12.12 Tighe Loan Agreement On 7 September 2020, the Company entered into a short-term loan agreement with the Peter Tighe Super Fund making provision for the loan of $150,000 to the Company. Interest accrues on the loan at the rate of 20% and is payable at the same time as the loan is repaid by the Company. The parties have agreed that the loan and any unpaid accrued interest (incurred after 31 December) will be repaid out of the proceeds of the Offer, or otherwise on 30 April 2021 (if that date occurs before Completion). The Company was required to make immediate payment of the interest payable up to 31 December 2020 on 14 February 2021. 12. Summary of Material Contracts continued 238