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| 1. | DEFINITIONS |
|----|-------------|

| 2. | INVOICING      AND PAYMENT |
|----|----------------------------|

| 2.1 | As      specified in the Proposal Invoicing Schedule, part of the fee will be      invoiced to and payable by the Client upon receipt of the Client’s      acceptance of the Proposal and authorisation to proceed with the      Assignment.  Further invoices will then be issued as shown in      the Proposal Invoicing Schedule, for payment by the Client of fees and      expenses incurred. |
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| 2.2 | The      initial invoice in respect of the advance, must be paid by the Client      prior to the start of work on the Assignment.  The Client must      pay all subsequent invoices within 30 days after the invoice      date.  If the Client fails to pay an invoice when it is due,      Invetech may charge interest at a rate equivalent to one percent (1%) per      month, or the maximum rate permitted by law, whichever is less. Each      invoice shall be sufficient evidence of the details therein including the      amount owed to Invetech. |
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| 3. | DISBURSEMENTS |
|----|---------------|

| 4. | GOODS      AND SERVICES TAX |
|----|-----------------------------|

| 4.1 | Interpretation |
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| 4.2 | GST      inclusive amounts |
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| 4.3 | Consideration      is GST exclusive |
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| 4.4 | Gross      up of consideration |
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|   | (a) | the      consideration payable or to be provided for that supply under these Terms      of Business but for the application of this clause ('GST exclusive      consideration') is increased by, and the Client must also pay to Invetech      an amount equal to the GST payable by Invetech on that supply;      and |
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|   | (b) | the      amount by which the GST exclusive consideration is increased must be paid      to Invetech by the Client without set off, deduction or requirement for      demand, at the same time as the GST exclusive consideration is payable or      to be provided. |
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| 4.5 | Reimbursements      (net down) |
|-----|--------------------------------|

| 4.6 | Client      Warranty and Indemnity |
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| 5. | CLIENT      INFORMATION |
|----|-------------------------|

| 5.1 | The      Client shall furnish to Invetech all such information including data and      drawings relating to the Assignment as are described in the Proposal      promptly after the effective date of this      Agreement.  Thereafter, the Client shall furnish to Invetech      upon request all such additional information as is reasonably required by      Invetech to enable Invetech to provide its services in relation to the      Assignment. |
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| 5.2 | The      Client acknowledges Invetech shall not be responsible for delays in the      Assignment caused by Client’s failure to comply with clause      5.1. |
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| 5.3 | The      Client acknowledges that if the Client fails to comply with its      obligations under this clause that failure may cause or contribute to an      increase in any estimated fee advised by Invetech to the Client, Invetech      incurring additional costs, charges and expenses and delays in Invetech      carrying out the Assignment. |
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| 6. | CLIENT      INFORMATION CONFIDENTIALITY |
|----|-----------------------------------------|

|   | (i) | shall      each be entitled to disclose in publicity materials the other party's      identity; and |
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|   | (ii) | shall      each be entitled to disclose a general description of the nature of the      Assignment, provided that such description of the Assignment has first      been reviewed and approved, such approval to      not be unreasonably withheld, in writing by the other    party. |
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| 7. | INFORMATION      AND INVETECH STATEMENTS |
|----|------------------------------------------|

| 7.1 | All      information contained, and all surveys, forecasts and recommendations made      in the Proposal and any other report or letter to the Client, are supplied      and have been prepared by Invetech in good faith upon the basis of      information, statements, assumptions and representations provided or made      to Invetech by or on behalf of the Client or otherwise available to      Invetech.  Invetech honestly believes (but has made no inquiry      nor undertaken any due diligence) that all information supplied or to be      supplied by Invetech in relation to the Assignment will be of commercial      value to the Client but Invetech does not warrant or represent that any of      it is accurate, fully comprehensive in its field or suitable to the      Client’s purposes; nor does Invetech warrant or represent that surveys or      forecasts made by Invetech in relation to the Assignment are accurate or      will be realised, since the accuracy of surveys and the achievement of      results forecast must depend upon matters outside Invetech’s      control. |
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| 7.2 | For      the avoidance of doubt, no statement of fact made by Invetech whether in      the Proposal or in any report or letter to the Client or whether made      orally, is to be construed as a representation, undertaking or      warranty. |
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| 8. | INTELLECTUAL      PROPERTY RIGHTS |
|----|-----------------------------------|

| 8.1 | The      Client shall retain ownership of any pre-existing intellectual property      rights in materials and information provided by the Client to Invetech for      use by Invetech for the purposes of undertaking the Assignment. Invetech      shall retain ownership of any pre-existing intellectual property rights in      materials, information, tools and methodologies provided by Invetech for      the purposes of undertaking the Assignment (and any improvements to them,      except to the extent that those improvements comprise patented or      unpatented intellectual property owned or controlled by the Client or that      have application in the field of measuring osmolarity or osmolality of      human tear fluid) and Invetech hereby grants the Client a worldwide,      non-exclusive, royalty-free licence (with the right to grant and authorize      sublicenses) to make, have made, use, offer for sale, sell and otherwise      exploit products and services embodying any such pre-existing Invetech      intellectual property (and any such improvements therein) as may be      embodied in the Product. |
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| 8.2 | Subject      to clause 8.1, with effect from completion of the Assignment and provided      that the Client has paid to Invetech all outstanding fees and charges due      to Invetech, Invetech assigns to the Client all right, title and interest      in and to any trade dress, trademarks and design registrations or design      patents, and any inventions, whether patentable or not, and any other      discoveries, trade secrets or know-howwhich: |
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|   | (a) | are      embodied in the Product; and |
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|   | (b) | were      made, developed, conceived or first reduced to practice by or for Invetech      as a direct result of Invetech undertaking the  Assignment |
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| 8.3 | Patents      and the registration of designs may each confer on the holder thereof      substantial protection, including rights to damages in the case of      subsequent infringement by others whether intentional or      not.  Invetech will, if and only if requested to do so in      writing by the Client and at the Client's expense, arrange to carry out      searches in relation to the Assignment in order to identify potential      infringements of prior patents or design registrations.  Where      no such request is made and agreed in writing by Invetech, the Client is      deemed to have assumed responsibility for these matters, and the Client      indemnifies Invetech against any claims of (i) infringement of any      intellectual property rights brought against Invetech as a result of the      provision of Invetech’s services in relation to the Assignment, and (ii)      misappropriation or misuse of copyrights or trade secrets of a third party      caused by the disclosure of any materials or information to Invetech by      the Client, in each case unless such claims are covered by the indemnity      in clause 8.4. |
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| 8.4 | Invetech      agrees that it shall not knowingly design, develop or manufacture the      Product in a manner such that the sale or intended use thereof would      infringe the intellectual property of any third party.  Client      shall indemnify Invetech against all losses, claims, proceedings, damages,      costs and expenses in respect of or arising directly or indirectly from      any breach by the Client of any of its obligations in the preceding      sentence. |
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| 9. | PRODUCT      LIABILITY AND CLIENT INDEMNITY |
|----|---------------------------------------------|

|  | 9.1 | (a)     Subject      only to any liability of Invetech under clause 10, the Client shall      indemnify, keep indemnified and save harmless Invetech from and against      all losses, claims, proceedings, damages, costs and expenses in respect of      or arising directly or indirectlyfrom: |
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|   | (i) | the      Product or its use or operation by Client or any Client Related      Person; |
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|   | (ii) | the      use by Client or any Client Related Person of any system, design, process      or procedure recommended, developed or devised by Invetech for or on      behalf of the Client; |
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|   | (iii) | the      use by Client or any Client Related Person of any information, survey,      forecast or recommendation arising out of the  Assignment; |
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|   | (iv) | any      breach by the Client of any of its obligations under the      Agreement. |
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|  | (b) | Invetech      shall indemnify, keep indemnified and save harmless the Client from and      against all losses, claims, proceedings, damages, costs and expenses in      respect of or arising directly or indirectly from the use by Invetech or      any Invetech Related Person of any system, design, process or procedure      recommended, developed or devised by Invetech for or on behalf of the      Client in connection with the Assignment and used in any way by Invetech      other than for the benefit of theClient. |
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| 9.2 | The      Client shall at its own cost and expense procure that the Product complies      in all respects with the provisions of all legislation, Acts, regulations,      rules and by-laws for the time being in force and all orders or directions      which may be made or given by any statutory or any other competent      authority in respect of or affecting the Product in any jurisdiction in      which it may be manufactured, used orsold. |
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| 9.3 | The      Client acknowledges that Invetech is not responsible to obtain any      independent verification of any information whether provided by or on      behalf of the Client or obtained from any other source whatsoever, nor to      obtain any searches of any matters of public record unless it is      specifically required to do so in the Proposal.  The Client      agrees that prior to implementing any recommendations or results of the      provision of Invetech’s services or using any Product, the Client will      itself verify the suitability and safety for implementation or use of      those recommendations, results orProduct/s. |
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| 10. | LIABILITY      RESTRICTED |
|-----|---------------------------|

| 10.1 | Section      68A of the Trade Practices Act, 1974 ('the Act') has the effect of      enabling those who have contracted to supply services to limit their      liability in certain circumstances for breach of conditions and warranties      implied by the Act. |
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|   | (a) | in      the case of services; supplying the services again or paying the cost of      having the services supplied again;or |
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|   | (b) | in      the case of goods; replacing the goods, supplying equivalent goods, paying      the cost of replacing the goods or paying the cost of acquiring equivalent      goods. |
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| 10.2 | To      the extent permitted by law, Invetech's total aggregate liability under or      in any way related to the Agreement (including, without limitation,      liability for any negligence or carelessness of Invetech or any of its      employees, servants or agents or which arises directly or indirectly from      the use of the Product or any information, survey, forecast or      recommendation arising out of the Assignment or from services or goods      supplied by Invetech for or on behalf of the Client or from any advice      given to the Client by Invetech or termination of the Agreement, however      arising), is limited to the aggregate sum total of fees paid to Invetech      by the Client under the Proposal. |
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| 10.3 | To      the extent permitted by law, Invetech excludes its liability for all      indirect and consequential damages however arising (including, without      limitation, in the circumstances set out in clause 10.2).  For      the purposes of this clause, 'consequentialdamage' shall include,      but not be limited to loss of profit or goodwill or similar financial      loss, any payment made or due to any third party and any loss or damage      caused by delay in the supply of services or goods in relation to the      Assignment. |
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| 10.4 | Except      as required by statute (including the Act), all implied conditions and      warranties in respect of the Product or any services or goods supplied by      Invetech as part of the Assignment are hereby  excluded. |
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| 10.5 | Without      restricting the ambit of this clause, any liability Invetech may have for      any costs, expenses, damages or loss directly or indirectly arising from      the Client's reliance on surveys, advice, forecasts or any other      information supplied by Invetech under the Proposal is excluded to the      full extent permitted by law. |
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| 11. | INVETECH      STAFF |
|-----|---------------------|

| 12. | PUBLICITY |
|-----|-----------|

| 13. | TERMINATION |
|-----|-------------|

| 13.1 | Unless      otherwise provided in the Proposal, the Agreement or the Assignment and      Invetech’s further services in relation to the Agreement or the Assignment      may be terminated either by Invetech or the Client giving four week’s      prior notice in writing to theother. |
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| 13.2 | If      the Client becomes insolvent, goes into liquidation, receivership,      voluntary or other administration or some similar legal process, fails to      make a payment to Invetech when due or is otherwise in breach of any of      these Terms of Business or the Agreement in a material way then at any      time thereafter (unless Invetech expressly waives that failure, breach or      circumstance in writing) Invetech may by written notice to the Client      immediately terminate the Agreement or the Assignment and Invetech’s      further services in relation to theAssignment. |
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| 13.3 | If      the Agreement or the Assignment is terminated either under this clause or      otherwise, the Client must immediately pay all moneys due or payable in      relation to work done by Invetech under the Proposal to that date and,      where termination is not due in any way to default by Invetech, the Client      must also pay or reimburse to Invetech all costs, expenses and charges      paid or incurred by Invetech that would otherwise be payable pursuant to      clause 3, including any arising out of the cancellation, provided however      that the amount due under this clause shall not exceed the next payment      due as defined in the proposal paymentschedule. |
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| 13.4 | Clauses      2, 3, 4, 6, 7, 8, 9, 10, 12, 14, 16 and 22 will survive any termination of      the Agreement or the Assignment. |
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| 14. | SEVERANCE |
|-----|-----------|

| 15. | ENTIRE      AGREEMENT AND VARIATIONS |
|-----|--------------------------------------|

| 15.1 | These      Terms of Business and the Proposal constitute the entire Agreement between      Invetech and the Client. |
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| 15.2 | Any      variation of the Proposal, these Terms of Business or the Agreement will      only be effective if it is in writing signed by Invetech and the      Client. |
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| 16. | DISPUTE      RESOLUTION |
|-----|-------------------------|

| 17. | CLIENT      AUTHORITY |
|-----|-----------------------|

| 18. | LAW      AND JURISDICTION |
|-----|---------------------------|

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| 19. | NO      ASSIGNMENT |
|-----|--------------------|

| 20. | NOTICES |
|-----|---------|

| 21. | SUSPENSION |
|-----|------------|

| 22. | CONFLICT |
|-----|----------|

| 22.1 | The      Proposal is only capable of acceptance and implementation on the basis of      these Terms of Business and, if the Client purports to accept by some      other means incorporating different or additional terms, then those      different or additional terms will not apply and any work undertaken by      Invetech under or in connection with the Assignment shall be on the basis      of the conditions contained in the Proposal and these Terms of      Business. |
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| 22.2 | If      there is any conflict between these Terms of Business and any conditions      contained in the Proposal, these Terms of Business will override those      conditions to the extent of the inconsistency unless an inconsistent      condition in the Proposal expressly states that it takes precedence over      or operates notwithstanding these Terms of  Business. |
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