BMYG AND ENHANCED INVESTMENTS

Exhibit 10.29

BMYG AND ENHANCED INVESTMENTS

CMM AND INTRA-DAY SETTLEMENT FACILITY AGREEMENT

Date: 7 July 2022

BMY Group Pty Ltd (ACN 133 561 887) (BMYG)

Enhanced Investments Pty Ltd ACN (639 583 930) (Enhanced Investments)

Openmarkets Australia Ltd (ACN 090 472 012) (Openmarkets)

Background

A. BMYG is a major shareholder of Openmarkets Group Ltd (ACN 159 661 453).

B. Enhanced Investments is a specialist funding provider operated by BMYG.

C. Openmarkets is an ASX Clearing Participant and requires short-term stand-by funding facilities to:

(i) support Openmarkets’ ASX liquidity obligations (including, without limitation, maintaining cash collateral at ASX in support of cash market and related margin requirements (CMM));

(ii) interim settlement funding for client-backed ASX cash market equities transactions; and

(iii) Intraday net settlement cover of client trust funds as per ASX requirements.

D. BMYG and Enhanced Investments have agreed to provide to Openmarkets a short-term funding facility for the purposes outlined in Background C.

E. BMYG and Enhanced Investments have previously provided funds to Openmarkets on or around 11 May 2022, however this document is intended to adequately record and ratify the receipt and use of those funds as at the drawdown date, being 9 June 2022. At 9 June 2022 an amount of $2,000,000 was drawn down under the short term facility

F. This document is intended to supersede all prior arrangements between the parties in respect of such funding purposes outlined in Background C.

Openmarkets Australia Limited (ABN 38 090 472 012, AFSL 246705) is a Market Participant of ASX, Chi-X and NSX, and an ASX Clear and Settlement Participant ● Level 40, 000 Xxxxxx Xxxxxx, Xxxxxx XXX 0000 Phone 0000 000 000 ● xxxxxxxxxxx.xxx.xx

Operative provisions

1 Facility

1.1 Subject to the terms of this document, BMYG and Enhanced Investments make available to Openmarkets a cash advance facility in an aggregate amount not greater than the Facility Limit.

1.2 The maximum total amount of financial accommodation available under this document is equal to the Facility Limit.

1.3 The Facility shall terminate on the Termination Date.

2 Drawdown, use and repayment

2.1 Openmarkets may drawdown some or all of the Facility to the Facility Limit by providing to BMYG and Enhanced Investments a drawdown notice in the form set out in Schedule 2 (Drawdown Notice) or in such other form as BMYG or Enhanced Investments may accept.

2.2 Upon receipt of a Drawdown Notice, BMYG shall elect whether BMYG or Enhanced Investments shall meet the Drawdown Notice and pay to Openmarkets the Drawdown Amount (Drawdown Election). If in making the Drawdown Election BMYG elects that Enhanced Investments shall meet the Drawdown Notice it will immediately give notice if this election to Enhanced Investments in a form and manner agreed between BMYG and Enhanced Investments.

2.3 The Elected Facility Funder agrees to pay to Openmarkets, forthwith and by electronic transfer, the drawdown amount set out in the Drawdown Notice.

2.4 Openmarkets shall repay each Drawdown Amount to the Elected Facility Funder as soon as practicable after the Drawdown Date having regard to its ASX Obligations.

2.5 The Facility must only be used by Openmarkets for its ASX Obligations.

2.6 Openmarkets must, upon receipt of monies from the Elected Facility Funder under the Facility, hold the funds in the Openmarkets Westpac general bank account or the Openmarkets Westpac reserve bank account.

3		Interest and fees
		Openmarkets shall pay, at the direction of BMYG, to either BMYG or Enhanced Investments in respect of the Facility:

(i) the Line Fee; and

(ii) the Drawdown Fee.

CMM and Intra-day settlement facility ● Openmarkets, BMYG & EI 2

Schedule 1: Key terms

Term		Particulars
ASX Obligations		means a payment to ASX Clear to meet an obligation imposed by the ASX (including (without limitation) CMM, CBPL and AIMS margin), a trade settlement obligation, the intraday trust net settlement amount or any other obligation as outlined in Background C.
Drawdown Amount		means an amount drawn down under the Facility.
Drawdown Date		means the date on which the Drawdown Amount is to be provided, as set out in the Drawdown Notice.
Drawdown Fee		means 4.5% per annum on any amount Drawdown Amount calculated for each day the amount is drawn down and payable monthly.
Elected Facility Funder		means either BMYG or Enhanced Investments as determined by the Drawdown Election made pursuant to clause 2.2.
Facility		means the facility made available by BMYG to Openmarkets under this agreement.
Facility Limit		means $2,000,000 or such greater sum as agreed between BMYG and Openmarkets from time to time.
Line Fee		means 1.5% per annum payable monthly on the Facility Limit amount.
Termination Date		means 3 months after the date which all monies drawn down under the Facility. The termination date may be extended for a further 3 months on agreement by the parties.

CMM and Intra-day settlement facility ● Openmarkets, BMYG & EI 3

Schedule 2: Drawdown Notice

To		BMY Group Pty Ltd (ACN 133 561 887) and Enhanced Investments Pty Ltd ACN (639 583 930)
Attention		Xxxxxx Xxx
Date

Facility Agreement | Openmarkets Australia Ltd

We refer to the Facility Agreement dated 7 July 2022 between BMY Group Pty Ltd, Enhanced Investments Pty Ltd and Openmarkets Australia Ltd.

Openmarkets hereby gives you notice that it wishes to draw the Facility as follows:

Drawdown Date	9 June 2022
Drawdown Amount:	AU$2,000,000
Payee Bank Details:	Account Name: OMAL General & Austraclear Account Number: 033157 406253 Entity: Openmarkets Australia Ltd

Yours sincerely,

Openmarkets Australia Ltd

CMM and Intra-day settlement facility ● Openmarkets, BMYG & EI 4

Execution page

Executed as an agreement

EXECUTED by ENHANCED INVESTMENTS

PTY LTD ACN 639 583 930 in accordance

with the Corporations Act 2001 by being

signed by the following officers:

/s/ Xxxxxx Xxx		/s/ Xxxx Xxx
Signature of director		Signature of authorised person
Xxxxxx Xxx		Xxxx Xxx
Name of director (please print)		Name of authorised person (please print)

EXECUTED by BMY GROUP PTY LTD

ACN 133 561 887 in accordance with the

Corporations Act 2001 by being signed

by the following officers:

/s/ Xxxxxx Xxx		/s/ Xxxx Xxx
Signature of director		Signature of authorised person
Xxxxxx Xxx		Xxxx Xxx
Name of director (please print)		Name of authorised person (please print)

EXECUTED by OPENMARKETS AUSTRALIA LTD

ACN 090 471 012 in accordance with the

Corporations Act 2001 by being signed by the

following officers:

/s/ Xxxxxx Xxx		/s/ Xxxxx Xxxxxxx
Signature of director		Signature of authorised person
Xxxxxx Xxx		Xxxxx Xxxxxxx
Name of director (please print)		Name of authorised person (please print)

CMM and Intra-day settlement facility ● Openmarkets, BMYG & EI 5