Exhibit 4.4

      

      Form of Underwriter’s Warrant Agreement

       

      

      
         

        
          

          

          THE REGISTERED HOLDER OF THIS PURCHASE WARRANT BY ITS ACCEPTANCE HEREOF, AGREES THAT IT WILL NOT SELL, TRANSFER OR ASSIGN THIS PURCHASE WARRANT EXCEPT AS HEREIN PROVIDED.

          

          

          THIS PURCHASE WARRANT IS EXERCISABLE ON [ ], 202[3]. VOID AFTER 5:00 P.M., EASTERN TIME, [ ], 2027.

           

          

          ORDINARY SHARE PURCHASE WARRANT

          

          

          For the Purchase of [_____] Ordinary Shares

          

          

          of

          

          

          MEDLAB CLINICAL LTD.

          

          

          1. Purchase Warrant. THIS CERTIFIES THAT, in consideration of funds duly paid by or on behalf of A.G.P./Alliance Global Partners (“Holder” or “A.G.P.”), as registered owner of this Ordinary Share purchase warrant (this “Purchase Warrant”), to Medlab Clinical Ltd., a company organized under the laws of
            Australia (the “Company”), Holder is entitled, at any time or from time to time [from [ ], 2023 (the “Commencement Date”),] and at or before 5:00 p.m., Eastern
            time, [ ], 2027 (the date that is five (5) years following the effective date (the “Effective Date”) of the Registration Statement (as defined in the Underwriting Agreement (as defined below), the “Expiration Date”), but not thereafter, to subscribe for, purchase and receive, in whole or in part, up to [__] Ordinary Shares (the “Shares”) of the Company, no par
            value per share (the “Ordinary Shares”), subject to adjustment as provided in Section 6 hereof. If the Expiration Date is not a day other than a Saturday, Sunday, federal holiday, or day on which banking
            institutions in New York City are authorized by law to close (a “Business Day”), then this Purchase Warrant may be exercised on the next succeeding Business Day in accordance with the terms herein. During
            the period ending on the Expiration Date, the Company agrees not to take any action that would terminate this Purchase Warrant. This Purchase Warrant is initially exercisable at $[ ] per Share; provided, however, that upon the
            occurrence of any of the events specified in Section 6 hereof, the rights granted by this Purchase Warrant, including the exercise price per Share and the number of Shares to be received upon such exercise, shall be adjusted as therein
            specified. The term “Exercise Price” shall mean the initial exercise price or the adjusted exercise price, depending on the context. For the avoidance of doubt, this Purchase Warrant will be exercisable
            at any time, and from time to time, in whole or in part, from the Commencement Date, which period shall not extend further than five (5) years from the Effective Date in compliance with FINRA Rule 5110(f)(2)(G)(i).

          

          

          2. Exercise.

          

          

          2.1 Exercise Form. In order to exercise this Purchase Warrant, the exercise form attached hereto must be duly executed and completed and delivered to the Company, together with this
            Purchase Warrant and payment of the Exercise Price for the Shares being purchased payable in cash by wire transfer of immediately available funds to an account designated by the Company or by certified check or official bank check. If the
            subscription rights represented hereby shall not be exercised at or before 5:00 p.m., Eastern time, on the Expiration Date, this Purchase Warrant shall become and be void without further force or effect, and all rights represented hereby shall
            cease and expire.

          2.2 Cashless Exercise. If at any time after the Commencement Date the Shares cease to be  registered under the Securities Act of 1933, as amended (the “Securities Act”), then in lieu of exercising this Purchase Warrant at such time, by payment of cash or check payable to the order of the Company pursuant to Section 2.1 above, Holder may elect to receive the
            number of Shares equal to the value of this Purchase Warrant (or the portion thereof being exercised), by surrender of this Purchase Warrant to the Company, together with the exercise form attached hereto, in which event the Company shall issue
            Shares to Holder in accordance with the following formula:

          X = Y(A-B)/A

          

          

          Where,

          

          

          	 	
                  X

                	
                  =

                	
                  The number of Shares to be issued to Holder;

                
	 	
                  Y

                	
                  =

                	
                  The number of Shares for which the Purchase Warrant is being exercised;

                
	 	
                  A

                	
                  =

                	
                  The fair market value of one Share; and

                
	 	
                  B

                	
                  =

                	
                  The Exercise Price.

                


          

          

          
            1

            
              


          

          For purposes of this Section 2.2, the fair market value of a Share is defined as follows:

          

          

          	 	
                  (i)

                	
                  if the Ordinary Shares are traded on a securities exchange, the value shall be deemed to be the closing price on such exchange on the Business Day immediately
                    preceeding the date the exercise form is submitted in connection with the exercise of the Purchase Warrant; or

                   

                
	 	
                  (ii)

                	
                  if the Ordinary Shares are actively traded over-the-counter, the value shall be deemed to be the closing bid on the Business Day immediately preceeding the date the
                    exercise form is submitted in connection with the exercise of the Purchase Warrant; or

                   

                
	 	
                  (iii)

                	
                  if there is no active public market, the value shall be the fair market value thereof, as determined in good faith by the Company’s Board of Directors.

                


          

          

          If Shares are issued in such a “cashless exercise,” the parties acknowledge and agree that in accordance with Section 3(a)(9) of the Securities Act, the Shares shall take on the registered
            characteristics of the Warrants being exercised, and the holding period of the Warrants being exercised may be tacked on to the holding period of the Shares. The Company agrees not to take any position contrary to this Section 2.2.

          

          

          2.3 Legend. Each certificate for the securities purchased under this Purchase Warrant shall bear a legend as follows unless such securities are registered under the Securities Act:

          

          

          “The securities represented by this certificate have not been registered under the Securities Act of 1933, as amended (the “Securities Act”), or
            applicable state law. Neither the securities nor any interest therein may be offered for sale, sold or otherwise transferred except pursuant to an effective registration statement under the Securities Act, or pursuant to an exemption from
            registration under the Securities Act and applicable state law which, in the opinion of counsel to the Company, is available.”

          

          

          2.4 Cash Payment. For the avoidance of doubt, the Company shall not be required to make any cash payments or net cash settlement to any registered holder in lieu of issuance of Shares.

          

          

          3. Transfer.

          

          

          3.1 General Restrictions. The registered Holder of this Purchase Warrant agrees by his, her or its acceptance hereof, that this Purchase Warrant and the securities issuable hereunder
            shall not be sold during the Offering, or sold, transferred, assigned, pledged, or hypothecated, or be the subject of any hedging, short sale, derivative, put, or call transaction that would result in the effective economic disposition of this
            Purchase Warrant or the securities issuable hereunder by any person for a period of one hundred eighty (180) days immediately following the Effective Date (as defined in the Underwriting Agreement (as defined below)), except as provided for in
            FINRA Rule 5110(g)(2). On and after 180 days after the Effective Date, transfers to others may be made subject to compliance with or exemptions from applicable securities laws. In order to make any permitted assignment, the Holder must deliver
            to the Company the assignment form attached hereto duly executed and completed, together with the Purchase Warrant and payment of all transfer taxes, if any, payable in connection therewith. The Company shall within five (5) Business Days
            transfer this Purchase Warrant on the books of the Company and shall execute and deliver a new Purchase Warrant or Purchase Warrants of like tenor to the appropriate assignee(s) expressly evidencing the right to purchase the aggregate number of
            Shares purchasable hereunder or such portion of such number as shall be contemplated by any such assignment.

          3.2 Restrictions Imposed by the Securities Act. The securities evidenced by this Purchase Warrant shall not be transferred unless and until: (i) the Company has
            received the opinion of counsel for the Holder that the securities may be transferred pursuant to an exemption from registration under the Securities Act and applicable state securities laws, the availability of which is established to the
            reasonable satisfaction of the Company (the Company hereby agreeing that the opinion of Sullivan & Worcester LLP shall be deemed satisfactory evidence of the availability of an exemption), or (ii) a registration statement or a
            post-effective amendment to the registration statement relating to the offer and sale of such securities has been filed by the Company and declared effective by the U.S. Securities and Exchange Commission (the “Commission”)

            and compliance with applicable state securities law has been established.

          

          

          
            2

            
              


          

          4. Registration Rights.

          

          

          4.1 Demand Registration.

          

          

          4.1.1 Grant of Right. If at any time after the Commencement Date the Shares are not  registered under the Securities Act, the Company, upon written demand (a “Demand Notice”) of the Holder(s) of at least 51% of the Purchase Warrants and/or the underlying Shares (“Majority Holders”), agrees to register, on one occasion, all or any portion of the
            Shares underlying the Purchase Warrants (collectively, the “Registrable Securities”). On such occasion, the Company will file a registration statement with the Commission covering the Registrable
            Securities within forty-five (45) days after receipt of a Demand Notice and use its commercially reasonable efforts to have the registration statement declared effective as promptly as practicable thereafter, subject to compliance with review
            by the Commission; provided, however, that if the Demand Notice is issued within 50 days prior to the beginning of the Company’s fiscal year, the 45 day period shall be extended until 90 days after the last day of the prior
            fiscal year; and provided further that the Company shall not be required to comply with a Demand Notice if the Company has filed a registration statement with respect to which the Holder is entitled to piggyback registration rights
            pursuant to Section 4.2 hereof and the Holder has elected to participate in the offering covered by such registration statement. The demand for registration may be made at any time on or before the Expiration Date. The Company covenants and
            agrees to give written notice of its receipt of any Demand Notice by any Holder(s) to all other registered Holders of the Purchase Warrants and/or the Registrable Securities within ten (10) days after the date of the receipt of any such Demand
            Notice.

          

          

          4.1.2 Terms. The Company shall bear all fees and expenses attendant to the registration of the Registrable Securities pursuant to Section 4.1.1, but the Holders shall pay any and all
            underwriting commissions and the expenses of any legal counsel selected by the Holders to represent them in connection with the sale of the Registrable Securities. The Company agrees to use its commercially reasonable efforts to cause the
            filing required herein to become effective as promptly as practicable and to qualify or register the Registrable Securities in such States as are reasonably requested by the Holder(s); provided, however, that in no event shall
            the Company be required to register the Registrable Securities in a State in which such registration would cause: (i) the Company to be obligated to register or license to do business in such State or submit to general service of process in
            such State, or (ii) the principal shareholders of the Company to be obligated to escrow their shares of the Company. The Company shall use its commercially reasonable efforts to cause any registration statement filed pursuant to the demand
            right granted under Section 4.1.1 to remain effective for a period of at least twelve (12) consecutive months after the date that the Holders of the Registrable Securities covered by such registration statement are first given the opportunity
            to sell all of such Registrable Securities. The Holders shall only use the prospectuses provided by the Company to sell the Registrable Securities covered by such registration statement, and will immediately cease to use any prospectus
            furnished by the Company if the Company advises the Holder that such prospectus may no longer be used due to a material misstatement or omission, or if the Company determines in good faith that such suspension of use is necessary to delay the
            disclosure of material non-public information concerning the Company, the disclosure of which at the time is not, in the good faith opinion of the Company, in the best interests of the Company. Notwithstanding the provisions of this Section
            4.1.2, the Holder shall be entitled to a demand registration under this Section 4.1 on only one (1) occasion and such demand registration right shall terminate on the fifth anniversary of the Effective Date in accordance with FINRA Rule
            5110(g)(8)(C).

          4.2 “Piggy-Back” Registration.

          4.2.1 Grant of Right. In addition to the demand right of registration described in Section 4.1 hereof, if at any time after the Commencement Date the Shares are not registered under the
            Securities Act, the Holder shall have the right, for a period of no more than seven (7) years from the Effective Date in accordance with FINRA Rule 5110(g)(8)(D), to include the Registrable Securities as part of any other registration of
            securities filed by the Company (other than in connection with a transaction contemplated by Rule 145(a) promulgated under the Securities Act or pursuant to Form S-8 or any equivalent form); provided, however, that if, solely in
            connection with any primary underwritten public offering for the account of the Company, the managing underwriter(s) thereof shall, in its reasonable discretion, impose a limitation on the number of Ordinary Shares which may be included in the
            registration statement because, in such underwriter(s)’ judgment, marketing or other factors dictate such limitation is necessary to facilitate public distribution, then the Company shall be obligated to include in such registration statement
            only such limited portion of the Registrable Securities with respect to which the Holder requested inclusion hereunder as the underwriter shall reasonably permit. Any exclusion of Registrable Securities shall be made pro rata among the Holders
            seeking to include Registrable Securities in proportion to the number of Registrable Securities sought to be included by such Holders; provided, however, that the Company shall not exclude any Registrable Securities unless the
            Company has first excluded all outstanding securities, the holders of which are not entitled to inclusion of such securities in such registration statement or are not entitled to pro rata inclusion with the Registrable Securities.

          

          

          
            3

            
              


          

          4.2.2 Terms. The Company shall bear all fees and expenses attendant to registering the Registrable Securities pursuant to Section 4.2.1 hereof, but the Holders shall pay any and all
            underwriting commissions and the expenses of any legal counsel selected by the Holders to represent them in connection with the sale of the Registrable Securities. In the event of such a proposed registration, the Company shall furnish the then
            Holders of outstanding Registrable Securities with not less than twenty (20) days written notice prior to the proposed date of filing of such registration statement. Such notice to the Holders shall continue to be given for each registration
            statement filed by the Company until such time as all of the Registrable Securities have been sold by the Holder. The holders of the Registrable Securities shall exercise the “piggy-back” rights provided for herein by giving written notice
            within ten (10) days of the receipt of the Company’s notice of its intention to file a registration statement. Except as otherwise provided in this Purchase Warrant, there shall be no limit on the number of times the Holder may request
            registration under this Section 4.2.2; provided, however, that such registration rights shall terminate on the seventh anniversary of the Effective Date in accordance with FINRA Rule 5110(g)(8)(D).

          

          

          4.3 General Terms.

          

          

          4.3.1 Indemnification. The Company shall indemnify the Holder(s) of the Registrable Securities to be sold pursuant to any registration statement hereunder and each person, if any, who
            controls such Holders within the meaning of Section 15 of the Securities Act or Section 20 (a) of the Securities Exchange Act of 1934, as amended (“Exchange Act”), against all loss, claim, damage, expense
            or liability (including all reasonable attorneys’ fees and other expenses reasonably incurred in investigating, preparing or defending against any claim whatsoever) to which any of them may become subject under the Securities Act, the Exchange
            Act or otherwise, arising from such registration statement but only to the same extent and with the same effect as the provisions pursuant to which the Company has agreed to indemnify the Underwriters contained in Section 9(a) of the
            Underwriting Agreement between the Underwriters and the Company, dated as of [ ], 2022 (the “Underwriting Agreement”). The Holder(s) of the Registrable Securities to be sold pursuant to such registration
            statement, and their successors and assigns, shall severally, and not jointly, indemnify the Company, against all loss, claim, damage, expense or liability (including all reasonable attorneys’ fees and other expenses reasonably incurred in
            investigating, preparing or defending against any claim whatsoever) to which they may become subject under the Securities Act, the Exchange Act or otherwise, arising from information furnished by or on behalf of such Holders, or their
            successors or assigns, in writing, for specific inclusion in such registration statement to the same extent and with the same effect as the provisions contained in Section 9(b) of the Underwriting Agreement pursuant to which the Underwriters
            have agreed to indemnify the Company.

          

          

          4.3.2 Exercise of Purchase Warrants. Nothing contained in this Purchase Warrant shall be construed as requiring the Holder(s) to exercise their Purchase Warrants prior to or after the
            initial filing of any registration statement or the effectiveness thereof.

          4.3.3 Documents Delivered to Holders. The Company shall furnish upon written request to each Holder participating in any of the foregoing offerings and to each
            underwriter of any such offering, if any, a signed counterpart, addressed to such Holder or underwriter, of: (i) an opinion of counsel to the Company, dated the effective date of such registration statement (and, if such registration includes
            an underwritten public offering, an opinion dated the date of the closing under any underwriting agreement related thereto), and (ii) a “cold comfort” letter dated the effective date of such registration statement (and, if such registration
            includes an underwritten public offering, a letter dated the date of the closing under the underwriting agreement) signed by the independent registered public accounting firm which has issued a report on the Company’s financial statements
            included in such registration statement, in each case covering substantially the same matters with respect to such registration statement (and the prospectus included therein) and, in the case of such accountants’ letter, with respect to events
            subsequent to the date of such financial statements, as are customarily covered in opinions of issuer’s counsel and in accountants’ letters delivered to underwriters in underwritten public offerings of securities. The Company shall also deliver
            promptly to each Holder participating in the offering requesting the correspondence and memoranda described below and to the managing underwriter, if any, copies of all correspondence between the Commission and the Company, its counsel or
            auditors and all memoranda relating to discussions with the Commission or its staff with respect to the registration statement and permit each Holder and underwriter to do such investigation, upon reasonable advance notice, with respect to
            information contained in or omitted from the registration statement as it deems reasonably necessary to comply with applicable securities laws or rules of FINRA. Such investigation shall include access to books, records and properties and
            opportunities to discuss the business of the Company with its officers and independent auditors, all to such reasonable extent and at such reasonable times as any such Holder shall reasonably request.

          

          

          
            4

            
              


          

          4.3.4 Underwriting Agreement. The Company shall enter into an underwriting agreement with the managing underwriter(s), if any, selected by any Holders whose Registrable Securities are
            being registered pursuant to this Section 4, which managing underwriter shall be reasonably satisfactory to the Company. Such agreement shall be reasonably satisfactory in form and substance to the Company, each Holder and such managing
            underwriters, and shall contain such representations, warranties and covenants by the Company and such other terms as are customarily contained in agreements of that type used by the managing underwriter. The Holders shall be parties to any
            underwriting agreement relating to an underwritten sale of their Registrable Securities and may, at their option, require that any or all the representations, warranties and covenants of the Company to or for the benefit of such underwriters
            shall also be made to and for the benefit of such Holders. Such Holders shall not be required to make any representations or warranties to or agreements with the Company or the underwriters except as they may relate to such Holders, their
            Shares and their intended methods of distribution.

          

          

          4.3.5 Documents to be Delivered by Holder(s). Each of the Holder(s) participating in any of the foregoing offerings shall furnish to the Company a completed and executed questionnaire
            provided by the Company requesting information customarily sought of selling security holders.

          

          

          4.3.6 Damages. Should the registration or the effectiveness thereof required by Sections 4.1 and 4.2 hereof be delayed by the Company or the Company otherwise fails to comply in any
            material respect with such provisions, the Holder(s) shall, in addition to any other legal or other relief available to the Holder(s), be entitled to obtain specific performance or other equitable (including injunctive) relief against the
            threatened breach of such provisions or the continuation of any such breach, without the necessity of proving actual damages and without the necessity of posting bond or other security.

          

          

          5. New Purchase Warrants to be Issued.

          

          

          5.1 Partial Exercise or Transfer. Subject to the restrictions in Section 3 hereof, this Purchase Warrant may be exercised or assigned in whole or in part. In the event of the exercise
            or assignment hereof in part only, upon surrender of this Purchase Warrant for cancellation, together with the duly executed exercise or assignment form and funds sufficient to pay any Exercise Price and/or transfer tax if exercised pursuant to
            Section 2.1 hereto, the Company shall cause to be delivered to the Holder without charge a new Purchase Warrant of like tenor to this Purchase Warrant in the name of the Holder evidencing the right of the Holder to purchase the number of Shares
            purchasable hereunder as to which this Purchase Warrant has not been exercised or assigned.

          

          

          5.2 Lost Certificate. Upon receipt by the Company of evidence satisfactory to it of the loss, theft, destruction or mutilation of this Purchase Warrant and of reasonably satisfactory
            indemnification or the posting of a bond, the Company shall execute and deliver a new Purchase Warrant of like tenor and date. Any such new Purchase Warrant executed and delivered as a result of such loss, theft, mutilation or destruction shall
            constitute a substitute contractual obligation on the part of the Company.

          6. Adjustments.

          

          

          6.1 Adjustments to Exercise Price and Number of Securities. The Exercise Price and the number of Shares underlying the Purchase Warrant shall be subject to adjustment from time to time
            after the Commencement Date and in accordance with the Listing Rules of the Australian Securities Exchange, as amended from time to time (“ASX Listing Rules”) upon the occurrence of certain events described in this Section 6.1 or, if the
            ASX Listing Rules are amended after the date of issue of the Warrants, in accordance with the Company’s obligations under the ASX Listing Rules to the extent those obligations are modified by the amendment:

          

          

          
            5

            
              


          

          6.1.1 Share Dividends; Split Ups. If, after the date hereof, and subject to the provisions of Section 6.3 below, the number of outstanding Ordinary Shares is increased by a split up of
            Ordinary Shares or other similar event, then, on the effective day thereof, the number of Shares purchasable hereunder shall be increased in proportion to such increase in outstanding Ordinary Shares, and the Exercise Price shall be
            proportionately decreased.

          

          

          6.1.2 Aggregation of Shares. If, after the date hereof, and subject to the provisions of Section 6.3 below, the number of outstanding Ordinary Shares is decreased by a consolidation or
            combination of Ordinary Shares or other similar event, then, on the effective date thereof, the number of Shares purchasable hereunder shall be decreased in proportion to such decrease in outstanding Ordinary Shares, and the Exercise Price
            shall be proportionately increased.

          

          

          6.1.3 Replacement of Securities upon Reorganization, etc. In case of any reclassification or reorganization of the outstanding Ordinary Shares other than a change covered by Section
            6.1.1 or 6.1.2 hereof or that solely affects the par value of such Ordinary Shares, or in the case of any share reconstruction or amalgamation or consolidation of the Company with or into another corporation (other than a consolidation or share
            reconstruction or amalgamation in which the Company is the continuing corporation and that does not result in any reclassification or reorganization of the outstanding Ordinary Shares), or in the case of any sale or conveyance to another
            corporation or entity of the property of the Company as an entirety or substantially as an entirety in connection with which the Company is dissolved, the Holder of this Purchase Warrant shall have the right thereafter (until the expiration of
            the right of exercise of this Purchase Warrant) to receive upon the exercise hereof, for the same aggregate Exercise Price payable hereunder immediately prior to such event, the kind and amount of Ordinary Shares or other securities or property
            (including cash) receivable upon such reclassification, reorganization, share reconstruction or amalgamation, or consolidation, or upon a dissolution following any such sale or transfer, by a Holder of the number of Shares of the Company
            obtainable upon exercise of this Purchase Warrant immediately prior to such event; and if any reclassification also results in a change in Shares covered by Section 6.1.1 or 6.1.2, then such adjustment shall be made pursuant to Sections 6.1.1,
            6.1.2 and this Section 6.1.3. The provisions of this Section 6.1.3 shall similarly apply to successive reclassifications, reorganizations, share reconstructions or amalgamations, or consolidations, sales or other transfers.

          

          

          6.1.4 Changes in Form of Purchase Warrant. This form of Purchase Warrant need not be changed because of any change pursuant to this Section 6.1, and Purchase Warrants issued after such
            change may state the same Exercise Price and the same number of Shares as are stated in the Purchase Warrants initially issued pursuant to this Agreement. The acceptance by any Holder of the issuance of new Purchase Warrants reflecting a
            required or permissive change shall not be deemed to waive any rights to an adjustment occurring after the Commencement Date or the computation thereof.

          

          

          6.2 Substitute Purchase Warrant. In case of any consolidation of the Company with, or share reconstruction or amalgamation of the Company with or into, another corporation (other than a
            consolidation or share reconstruction or amalgamation which does not result in any reclassification or change of the outstanding Ordinary Shares), the corporation formed by such consolidation or share reconstruction or amalgamation shall
            execute and deliver to the Holder a supplemental Purchase Warrant providing that the holder of each Purchase Warrant then outstanding or to be outstanding shall have the right thereafter (until the stated expiration of such Purchase Warrant) to
            receive, upon exercise of such Purchase Warrant, the kind and amount of shares and other securities and property receivable upon such consolidation or share reconstruction or amalgamation, by a holder of the number of Shares of the Company for
            which such Purchase Warrant might have been exercised immediately prior to such consolidation, share reconstruction or amalgamation, sale or transfer. Such supplemental Purchase Warrant shall provide for adjustments which shall be identical to
            the adjustments provided for in this Section 6. The above provision of this Section shall similarly apply to successive consolidations or share reconstructions or amalgamations.

          6.3 Elimination of Fractional Interests. The Company will not issue certificates representing fractions of Shares upon the exercise of the Purchase Warrant, nor will
            it issue scrip or pay cash in lieu of any fractional interests. All fractional interests shall be eliminated by rounding any fraction down, as the case may be, to the nearest whole number of Shares or other securities, properties or rights.

          

          

          
            6

            
              


          

          7. Approval and Listing. The Company and the Holder acknowledge and agree that the Company must first obtain the approval from the holders of its Ordinary Shares for the issuance of any Ordinary Shares
            upon the exercise of any Purchase Warrants if the number of Ordinary Shares to be issued exceeds the limits prescribed by ASX Listing Rule 7.1 and 7.1A. The Company covenants and agrees that, subject to this Section 7 and Section 8, upon
            exercise of the Purchase Warrants and payment of the Exercise Price therefor, in accordance with the terms hereby, all Shares and other securities issuable upon such exercise shall be duly and validly issued and fully paid and not subject to
            preemptive rights of any shareholder. As long as the Purchase Warrants shall be outstanding, the Company shall use its commercially reasonable efforts to cause all Shares issuable upon exercise of the Purchase Warrants to be listed (subject to
            official notice of issuance) on all national securities exchanges (or, if applicable, on the OTC Bulletin Board or any successor trading market) on which the Shares issued to the public in the Offering may then be listed and/or quoted.

          

          

          8. Mechanics of Exercise.

          8.1  ASX Requirements. Notwithstanding any provision in this Purchase Warrant to the contrary, in no circumstances will the Company be required to issue Shares if to do so
            would, or would be reasonably likely in the opinion of the Company, to contravene any applicable laws including the Australian Corporations Act 2001 ("Corporations Act") and the ASX Listing Rules.  On or before the delivery to the Company of
            the notice of exercise of the Purchase Warrants ("Notice of Exercise"), the Company shall, subject to the Corporations Act and the ASX Listing Rules:

          8.1.1  lodge an Appendix 3B with the ASX in respect of the proposed issue of such Shares;

          8.1.2  issue and allot the Shares;

          8.1.3  lodge an Appendix 2A with the ASX in respect of the issue of such Shares; and

          8.1.4 either (a) issue a Cleansing Statement under the Corporations Act or (b) lodge a prospectus with the Australian Securities and Investments Commission
            under the Corporations Act which qualifies the Warrant Shares for resale under section 708A(11) of the Corporations Act or (c) obtain an exemption from Corporations Act to allow the immediate resale of the Warrant Shares, in each case in
            respect of such Warrant Shares.

          8.2  Holder’s Exercise Limitations. The Company shall not effect any exercise of this Purchase Warrant, and a Holder shall not have the right to exercise any portion of this
            Purchase Warrant to the extent that after giving effect to such issuance after exercise as set forth on the applicable Notice of Exercise, the Holder (together with the Holder’s affiliates, and any other persons acting as a group together with
            the Holder or any of the Holder’s affiliates, including its "associates" as such term is defined in the Corporations Act (such persons, “Attribution Parties”)), would cause the Attribution Parties to be in breach of the Corporations Act,
            including without limitation under section 606 of the Corporations Act.

          

          

          9. Certain Notice Requirements.

          

          

          9.1 Holder’s Right to Receive Notice. Nothing herein shall be construed as conferring upon the Holders the right to vote or consent or to receive notice as a shareholder for the
            election of directors or any other matter, or as having any rights whatsoever as a shareholder of the Company. If, however, at any time prior to the expiration of the Purchase Warrants and their exercise, any of the events described in Section
            9.2 shall occur, then, in one or more of said events, the Company shall give written notice of such event at least fifteen days prior to the date fixed as a record date or the date of closing the transfer books for the determination of the
            shareholders entitled to such dividend, distribution, conversion or exchange of securities or subscription rights, or entitled to vote on such proposed dissolution, liquidation, winding up or sale at the same time and in the same manner that
            such notice is given to the shareholders. Such notice shall specify such record date or the date of the closing of the transfer books, as the case may be.

          

          

          
            7

            
              


          

          9.2 Events Requiring Notice. The Company shall be required to give the notice described in this Section 8 upon a dissolution, liquidation or winding up of the Company (other than in
            connection with a consolidation or share reconstruction or amalgamation) or a sale of all or substantially all of its property, assets and business shall be proposed.

          

          

          9.3 Notice of Change in Exercise Price. The Company shall, promptly after an event requiring a change in the Exercise Price pursuant to Section 6 hereof, send notice to the Holders of
            such event and change (“Price Notice”). The Price Notice shall describe the event causing the change and the method of calculating same and shall be certified as being true and accurate by the Company’s
            Chief Financial Officer.

          9.4 Transmittal of Notices. All notices, requests, consents and other communications under this Purchase Warrant shall be in writing and shall be deemed to have been
            duly made when hand delivered, or mailed by express mail or private courier service: (i) if to the registered Holder of the Purchase Warrant, to the address of such Holder as shown on the books of the Company, or (ii) if to the Company, to
            following address or to such other address as the Company may designate by notice to the Holders:

          

          

          If to the Holder:

           

          

          A.G.P./Alliance Global Partners

          590 Madison Avenue, 36th Floor

          New York, New York 10022

          Attn: Chris Pravecek

          Fax No.: (203) 662-9771

          

          

          with a copy (which shall not constitute notice) to:

          

          

          Sullivan & Worcester LLP

          1633 Broadway

          New York, New York 10019

          Attention: David E. Danovitch

          E-mail: ddanovitch@sullivanlaw.com

          

          

          If to the Company:

          

          

          Medlab Clinical Ltd.

          Units 5 and 6, 11-13 Lord Street

          Botany, New South Wales 2019

          Attention: Dr. Sean Hall, Chief Executive Officer

          Telephone number: + 61 8188 0311

          Email address: sean_hall@medlab.com

          

          

          with a copy (which shall not constitute notice) to:

          
            

            

          

          
            Seward & Kissel LLP

            One Battery Park Plaza

            New York, NY 10004

          

          
            Attention: Edward S. Horton

          

          
            Email: horton@sewkis.com

          

          

          

          10. Miscellaneous.

          

          

          10.1 Amendments. The Company and A.G.P. may from time to time supplement or amend this Purchase Warrant without the approval of any of the Holders in order to cure any ambiguity, to
            correct or supplement any provision contained herein that may be defective or inconsistent with any other provisions herein, or to make any other provisions in regard to matters or questions arising hereunder that the Company and A.G.P. may
            deem necessary or desirable and that the Company and A.G.P. deem shall not adversely affect the interest of the Holders. All other modifications or amendments shall require the written consent of and be signed by the party against whom
            enforcement of the modification or amendment is sought.

          

          

          
            8

            
              


          

          10.2 Headings. The headings contained herein are for the sole purpose of convenience of reference, and shall not in any way limit or affect the meaning or interpretation of any of the
            terms or provisions of this Purchase Warrant.

          

          

          10.3 Entire Agreement. This Purchase Warrant (together with the other agreements and documents being delivered pursuant to or in connection with this Purchase Warrant) constitutes the
            entire agreement of the parties hereto with respect to the subject matter hereof, and supersedes all prior agreements and understandings of the parties, oral and written, with respect to the subject matter hereof.

          

          

          10.4 Binding Effect. This Purchase Warrant shall inure solely to the benefit of and shall be binding upon, the Holder and the Company and their permitted assignees, respective
            successors, legal representative and assigns, and no other person shall have or be construed to have any legal or equitable right, remedy or claim under or in respect of or by virtue of this Purchase Warrant or any provisions herein contained.

          10.5 Governing Law; Submission to Jurisdiction; Trial by Jury. This Purchase Warrant shall be governed by and construed and enforced in accordance with the laws of the
            State of New York, without giving effect to conflict of laws principles thereof. The Company hereby agrees that any action, proceeding or claim against it arising out of, or relating in any way to this Purchase Warrant shall be brought and
            enforced in the New York Supreme Court, County of New York, or in the United States District Court for the Southern District of New York, and irrevocably submits to such jurisdiction, which jurisdiction shall be exclusive. The Company hereby
            waives any objection to such exclusive jurisdiction and that such courts represent an inconvenient forum. Any process or summons to be served upon the Company may be served by transmitting a copy thereof by registered or certified mail, return
            receipt requested, postage prepaid, addressed to it at the address set forth in Section 8 hereof. Such mailing shall be deemed personal service and shall be legal and binding upon the Company in any action, proceeding or claim. The Company and
            the Holder agree that the prevailing party(ies) in any such action shall be entitled to recover from the other party(ies) all of its reasonable attorneys’ fees and expenses relating to such action or proceeding and/or incurred in connection
            with the preparation therefor. The Company (on its behalf and, to the extent permitted by applicable law, on behalf of its shareholders and affiliates) and the Holder hereby irrevocably waive, to the fullest extent permitted by applicable law,
            any and all right to trial by jury in any legal proceeding arising out of or relating to this Agreement or the transactions contemplated hereby.

          

          

          10.6 Waiver, etc. The failure of the Company or the Holder to at any time enforce any of the provisions of this Purchase Warrant shall not be deemed or construed to be a waiver of any
            such provision, nor to in any way affect the validity of this Purchase Warrant or any provision hereof or the right of the Company or any Holder to thereafter enforce each and every provision of this Purchase Warrant. No waiver of any breach,
            non-compliance or non-fulfillment of any of the provisions of this Purchase Warrant shall be effective unless set forth in a written instrument executed by the party or parties against whom or which enforcement of such waiver is sought; and no
            waiver of any such breach, non-compliance or non-fulfillment shall be construed or deemed to be a waiver of any other or subsequent breach, non-compliance or non- fulfillment.

          

          

          10.7 Execution in Counterparts. This Purchase Warrant may be executed in one or more counterparts, and by the different parties hereto in separate counterparts, each of which shall be
            deemed to be an original, but all of which taken together shall constitute one and the same agreement, and shall become effective when one or more counterparts has been signed by each of the parties hereto and delivered to each of the other
            parties hereto. Such counterparts may be delivered by facsimile transmission or other electronic transmission.

          

          

          10.8 Exchange Agreement. As a condition of the Holder’s receipt and acceptance of this Purchase Warrant, Holder agrees that, at any time prior to the complete exercise of this Purchase
            Warrant by Holder, if the Company and A.G.P. enter into an agreement (“Exchange Agreement”) pursuant to which they agree that all outstanding Purchase Warrants will be exchanged for securities or cash or
            a combination of both, then Holder shall agree to such exchange and become a party to the Exchange Agreement.

          

          

          [Signature Page Follows]

          
            9

            
              


          

          

          

          IN WITNESS WHEREOF, the Company has caused this Purchase Warrant to be signed by its duly authorized officer as of the [ ] day of [ ], 2022.

          

          

          	
                  MEDLAB CLINICAL LTD.

                	 
	 	 	 
	
                  By:

                	 ________________________________________________	 
	
                  Name:

                	
                   Sean Hall

                	 
	
                  Title:

                	
                   Chief Executive Officer

                	 


          

          

          
            10

            
              


          

          

          

          [Form to be used to exercise Purchase Warrant]

          Date: _________, 20__

          

          

          The undersigned hereby elects irrevocably to exercise the Purchase Warrant for_____ Ordinary Shares, no par value per share (the “Shares”), Medlab
            Clinical Ltd., a company organized under the laws of Australia (the “Company”), and hereby makes payment of $____ (at the rate of $____ per Share) in payment of the Exercise Price pursuant thereto. Please
            issue the Shares as to which this Purchase Warrant is exercised in accordance with the instructions given below and, if applicable, a new Purchase Warrant representing the number of Shares for which this Purchase Warrant has not been exercised.

          

          

          Or

          

          

          The undersigned hereby elects irrevocably to convert its right to purchase Shares of the Company under the Purchase Warrant for ___ Shares, as determined in accordance with the following
            formula:

           

          

          	
                  X =

                	
                  Y (A-B)

                
	
                  A

                


          

          

          Where,

          

          

          	 	
                  X

                	
                  =

                	
                  The number of Shares to be issued to Holder;

                
	 	
                  Y

                	
                  =

                	
                  The number of Shares for which the Purchase Warrant is being exercised;

                
	 	
                  A

                	
                  =

                	
                  The fair market value of one Share which is equal to $___; and

                
	 	
                  B

                	
                  =

                	
                  The Exercise Price which is equal to $___ per share

                


          

          

          The undersigned agrees and acknowledges that the calculation set forth above is subject to confirmation by the Company and any disagreement with respect to the calculation shall be resolved by
            the Company in its sole discretion.

          

          

          Please issue the Shares as to which this Purchase Warrant is exercised in accordance with the instructions given below and, if applicable, a new Purchase Warrant representing the number of
            Shares for which this Purchase Warrant has not been converted.

          

          

          	
                  Signature

                	________________________________________________ 

                	 
	
                   

                  

                  Signature Guaranteed

                	 _________________________________	 


          

          

          INSTRUCTIONS FOR REGISTRATION OF SECURITIES

          

          

          	
                  Name

                	 	 
	 	
                  (Print in Block Letters)

                	 
	 	 	 
	
                  Address

                	 	 
	 	 	 
	 	 	 


          

          

          NOTICE: The signature to this form must correspond with the name as written upon the face of the Purchase Warrant without alteration or enlargement or any change whatsoever, and must be
            guaranteed by a bank, other than a savings bank, or by a trust company or by a firm having membership on a registered national securities exchange.

          
            11

            
              


          

          

          

          [Form to be used to assign Purchase Warrant]

          

          

          ASSIGNMENT

          

          

          (To be executed by the registered Holder to effect a transfer of the within Purchase Warrant):

          

          

          FOR VALUE RECEIVED, ___________________ does hereby sell, assign and transfer unto the right to purchase Ordinary Shares, no par value per share, of Medlab Clinical Ltd., a company organized under the laws of
            Australia (the “Company”), evidenced by the Purchase Warrant and does hereby authorize the Company to transfer such right on the books of the Company.

          

          

          Dated: ____________, 20__

          	
                  Signature

                	 ________________________________________________	 
	
                  Signature Guaranteed

                	 ________________________________________________	 


          

          

          NOTICE: The signature to this form must correspond with the name as written upon the face of the within Purchase Warrant without alteration or enlargement or any change whatsoever, and must be guaranteed by a
            bank, other than a savings bank, or by a trust company or by a firm having membership on a registered national securities exchange.

        

      

       

      

      

      

      

      

      

    

    12