Nyrada Inc - Annual Report 2024

ANNUAL REPORT FY2024 55 17. Share-based payments The vesting charge taken to the profit and loss in-respect of options and performance shares for the year was $358,074 and the transfer of fair value on expired options was ($1,417,908). Details of the fair value assumptions underpinning these share-based payment arrangements are disclosed in previous years' financial reports of the Company and options issued during the period ending 30 June 2024 are outlined in the table below. Performance shares are vested over the life of the term as share-based payments. The weighted average exercise price at the end of the financial year was $0.20 (2023: $0.21). The weighted average remaining contractual life of options and performance shares outstanding at the end of the financial year was 3.11 years (2023: 1.75 years). Type of security Expiry date Exercise price ($) Balance at the start of the year Granted Exercised Expired Balance at the end of the year4 Vesting conditions Performance shares 25/11/2024 N/A1 18,000,000 - - - 18,000,000 Market Warrants 30/06/2024 0.20 8,000,000 - - (8,000,000) - Unlisted options 16/01/2025 0.22 4,000,000 - - - 4,000,000 Service Unlisted options 5 years from vesting date TBC2 4,000,000 - - - 4,000,000 Service Unlisted options 5 years from vesting date TBC2 5,000,000 - - - 5,000,000 Service Unlisted options 5 years from vesting date TBC2 5,000,000 - - - 5,000,000 Service Unlisted options 25/11/2023 0.24 3,600,000 - - (3,600,000) - Unlisted options 25/11/2024 TBC3 3,600,000 - - - 3,600,000 Service Unlisted options 25/11/2025 TBC3 3,600,000 - - - 3,600,000 Service Unlisted options 3 years from vesting date TBC3 900,000 - - - 900,000 Service Unlisted options 29/06/2026 0.40 4,000,000 - - - 4,000,000 None Unlisted options 29/06/2026 0.60 2,000,000 - - - 2,000,000 None Unlisted options 29/06/2026 0.90 2,000,000 - - - 2,000,000 None Unlisted options 3 years from vesting date TBC3 1,200,000 - - - 1,200,000 Service Unlisted options 18/01/2025 TBC3 600,000 - - - 600,000 Service Unlisted options 18/01/2026 TBC3 600,000 - - - 600,000 Service Unlisted options 18/01/2027 TBC3 600,000 - - - 600,000 Service Unlisted options 03/10/2027 TBC3 - 600,000 - - 600,000 Service Unlisted options 03/10/2028 TBC3 - 600,000 - 600,000 Service Unlisted options 03/10/2029 TBC3 - 600,000 - - 600,000 Service Unlisted options 30/06/2027 0.135 - 5,000,000 - - 5,000,000 None 66,700,000 6,800,000 - (11,600,000) 61,900,000 1 Performance shares convert when specified milestones are achieved, these milestones are outlined in note 9 of the financial statements. 2 The exercise price is higher of: ● 100% of the Fair Market Value (as defined in the Company's Stock Incentive Plan) of the Shares on the date that Option is granted; and ● an amount equal to 110% of the volume weighted average price of the CDIs for the period of 10 trading days immediately prior to the date on which that Option vests. ● an exercise price of $0.22 was used for the purpose of the fair value calculation at grant date. 3 The exercise price is higher of: ● 100% of the Fair Market Value (as defined in the Company's Stock Incentive Plan) of the Shares on the date that Option is granted; and ● an amount equal to 120% of the volume-weighted average price of the CDIs for the period of 10 trading days immediately prior to the date on which the Option vests. ● an exercise price of $0.24 was used for the purpose of the fair value calculation at grant date. 4 Options vested and exercisable at the end of the period was 31,200,000 (2023: 37,200,000)

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