Document:

Exhibit 10.3

 

[IQ3
LOGO]

  

 

 

MASTER
SERVICES AGREEMENT

  

IQ3CORP
LIMITED

ACN 160 238 282

 

AND

  

The
Client

 

 [DATE
OF AGREEMENT]

  

 

     

    Page i

    

 

	1.   BINDING
    AGREEMENT	1
	 	 
	2.   TERM
    OF MSA	2
	 	 
	3.   PRICING	2
	 	 
	4.   COUNTERPARTS	2
	 	 
	SCHEDULE
    1 – PARTIES TO MSA	4
	 	 
	SCHEDULE
    2 – GENERAL TERMS AND CONDITIONS	5
	 	 
	1.   DEFINITIONS
    AND INTERPRETATION	5
	 	 
	1.1   Definitions	5
	 	 
	1.2   Interpretation	6
	 	 
	2.   APPOINTMENT
    OF IQ3CORP	7
	 	 
	2.1   Appointment
    of iQ3Corp	7
	 	 
	2.2   Limited
    Delegation	7
	 	 
	2.3   iQ3Corp
    Representatives	8
	 	 
	3.   OBLIGATIONS
    OF IQ3CORP	8
	 	 
	3.2   Limitation
    of Service	8
	 	 
	3.3   Notification
    of conflicts	8
	 	 
	4.   OBLIGATIONS
    OF THE CLIENT	8
	 	 
	4.1   Client’s
    obligations	8
	 	 
	5.   PAYMENT
    OF FEES FOR SERVICES	9
	 	 
	5.1   Fees	9
	 	 
	5.2   Subject
    to:	9
	 	 
	5.3   Payment
    Withholding	9
	 	 
	5.4   Interest
    on Unpaid Fees	9
	 	 
	5.5   Out-Of-Pocket
    Expenses	9
	 	 
	6.   GST	9
	 	 
	7.   CONFIDENTIAL
    INFORMATION	9
	 	 
	8.   INTELLECTUAL
    PROPERTY	10
	 	 
	8.1   Ownership
    of Intellectual Property in the Service deliverables	10
	 	 
	8.2   Licence
    to use the Intellectual Property pre-existing works	10
	 	 
	9.   INDEMNITY
    AND LIABILITY	10
	 	 
	9.1   Client
    indemnity	10
	 	 
	9.2   IQ3Corp’s
    Indemnity	10
	 	 
	9.3   No
    Consequential Loss	11
	 	 
	9.4   Limitation	11
	 	 
	10.   INSURANCE	11
	 	 
	11.   DISCLAIMER	11

 

     

    Page ii

    

 

	11.1   Use
    of work	11
	 	 
	11.2   Reliance
    on information	11
	 	 
	12.   TERMINATION	12
	 	 
	12.1   Termination
    for cause	12
	 	 
	12.2   Termination
    without cause	12
	 	 
	12.3   No
    Prejudice	12
	 	 
	13.   DISPUTE
    RESOLUTION	13
	 	 
	13.1   Notice
    of Dispute	13
	 	 
	13.2   Dispute
    Resolution	13
	 	 
	13.3   Compliance
    With This Clause Is Compulsory	13
	 	 
	14.   NOTICES	13
	 	 
	14.1   Validity
    of notices	13
	 	 
	14.2   When
    notice given	14
	 	 
	15.   GENERAL	14
	 	 
	15.1   Entire
    Agreement	14
	 	 
	15.2   Succession
    and assigns	14
	 	 
	15.3   Publicity	14
	 	 
	15.4   Jurisdiction	15
	 	 
	15.5   Variations	15
	 	 
	15.6   Assignment	15
	 	 
	15.7   Waiver	15
	 	 
	15.8   Cumulative
    rights	15
	 	 
	15.9   Time
    is of the essence	15
	 	 
	15.10   Consent	15
	 	 
	15.11   Surviving
    indemnities	15
	 	 
	15.12   Enforcement
    of indemnity	15
	 	 
	15.13   Force
    Majeure	15
	 	 
	15.14   Further
    assurances	16
	 	 
	15.15   Counterparts	16

 

     

     

    

 

IQ3 MASTER SERVICES AGREEMENT

 

 

		PARTIES:	IQ3CORP LIMITED ACN 160 238 282

(“iQ3Corp”)

 

		and	The counterparty named in Schedule 1 

(“Client”)

 

 

RECITALS

 

		A.	iQ3Corp is a corporate advisory firm that provides strategic and financial advisory services to listed and unlisted corporate
clients in the life sciences industry.

 

		B.	The Client is a client of iQ3Corp.

 

		C.	The Client may from time to time appoint iQ3Corp to deliver Services to the Client through the issue of Service acqusition
orders in the form set out in Schedule 3 (each a “Service Acquisition Order”).

 

		D.	1Q3Corp shall perform the Services in accordance with the Agreement.

 

OPERATIVE PART

 

		1.	BINDING AGREEMENT

 

		1.1	Upon iQ3Corp’s acceptance of the Client’s Service Acquisition Order:

 

		(a)	the terms and conditions set out in the Service Acquisition Order; and

 

		(b)	this Master Services Agreement (“MSA”); and

 

		(c)	the General Terms and Conditions attached to this MSA,

 

		1.2	(together the “Agreement”) will be a binding agreement between the Client and iQ3Corp, and iQ3Corp shall be bound
to perform the Services in accordance with the Agreement. Any ambiguity or inconsistency between the documents forming the Agreement
shall be resolved and interpreted in the following order:

 

		(a)	the terms and conditions set out in the Service Acquisition Order;

 

		(b)	the MSA; and

 

		(c)	the General Terms and Conditions attached to the MSA.

 

		1.3	The effective date of the Agreement will be the date of the Service Acquisition Order. Each Service Acquisition Order shall
identify this MSA and must provide, in addition to the General Terms and Conditions detailed in this MSA, the following terms and
conditions:

 

		(a)	relevant date or period for delivery of any deliverables;

 

		(b)	price; and

 

		(c)	detailed description of services to be performed.

 

     

     2

    

 

		2.	TERM OF MSA

 

		2.1	This MSA shall commence when executed by the Client and iQ3Corp and shall continue until terminated by either party by notice
in writing and shall be given effect at a time when no Service Acquisition Order is then current.

 

		3.	PRICING

 

		3.1	Pricing for the provision of Services by iQ3Corp, as agreed between the parties, will be specified as set out in the Service
Acquisition Order.

 

		4.	COUNTERPARTS

 

		4.1	This Agreement may be executed in any number of counterparts, Each counterpart is an original but the counterparts together
are one and the same Agreement.

 

		4.2	Any counterpart of this Agreement is deemed to have been duly executed if it is executed by a party and:

 

		(a)	sent by facsimile; or

 

		(b)	sent in .pdf, .tif, or similar scanned format by electronic mail;

 

		(c)	sent by pre-paid mail; or

 

		(d)	hand delivered,

 

to all other parties at either the postal address,
facsimile number or email address specified for the parties at Schedule 1.

 

		4.3	A notice that complies with clause 4.2 is regarded as being delivered and received:

 

		(a)	in the case of hand delivery: on the date of delivery if delivered at or before 5pm, or on the following Business Day if delivered
after 5pm;

 

		(b)	in the case of registered post; 2 Business Days after the date of posting;

 

		(c)	in the case of ordinary post: 3 Business Days after the date of posting;

 

		(d)	in the case of facsimile transmission: on the receipt by the sender of a transmission report indicating successful transmission
of the facsimile; and

 

		(e)	in the case of electronic mail, on receipt by the recipient’s email server if received at or before 5pm on a Business
Day, or on the following Business Day if received after 5pm.

 

     

     3

    

 

EXECUTED AS AN AGREEMENT

 

	
        SIGNED for and on behalf of IQ3CORP LIMITED ACN 160
        238 282 in accordance with Section 127 of the Corporations Act in the presence of:

         
	)

)

)

)

)	
         

        Director

         

         

        Name (print)

         

         

        Director/Secretary

         

        

        

        Name (print)

        

         

         

	SIGNED for and on behalf of Glucose Biosensor Systems (Greater China) Pty Ltd ACN 614 067 158 in accordance with Section 127 of the Corporations Act In the presence of:	)

)

)

)

)	 

                                                       Director

                                                        

                                                        

                                                       Name (print)

                                                        

                                                        

                                                       Director/Secretary

                                                        

                                                        

                                                       Name (print)

 

	 	 
	Witness signature	 
	 	 
	 	 
	Name (print)	 

 

     

     4

    

 

SCHEDULE 1 – PARTIES TO MSA

 

	iQ3Corp	ACN:	160
    238 282
	Address:	Level
    6, 222 Clarence Street, Sydney NSW 2000
	Email
    

    Address:	info@theiggroup.com.au
	Facsimile
    number	02
    8362 9547
	Client	Entity:	Glucose
    Biosensor Systems (Greater China) Pty Ltd
	ACN:	614
    067 159
	Address:	Level
    7, 222 Clarence Street, Sydney NSW 2000
	Email
    

    Address:	info@theiggroup.com.au
	Facsimile
    number	02
    8362 9547

 

     

     5

    

 

SCHEDULE 2 – GENERAL TERMS AND CONDITIONS

 

		1.	DEFINITIONS AND INTERPRETATION

 

		1.1	Definitions

 

The following words have these meanings in this Agreement:

 

		(a)	“Agreement” shall bear the meaning set out in clause 1.1 of the Master
Services Agreement.

 

		(b)	“Business Day” means a day (other than a public holiday, a Saturday and a Sunday)
on which banks are generally open for business in Sydney, New South Wales.

 

		(c)	“Claim” means any claim, action, damage, loss, liability, cost, charge, expense,
outgoing or payment which the Client pays, suffers, incurs or is or may be liable for in connection with any of the following:

 

		(i)	bodily injury or death of any person;

 

		(ii)	damage or destruction to any property (including the loss of use of such property);

 

		(iii)	any act or omission including but not limited to any unauthorised representation made or warranty
given by iQ3Corp;

 

		(iv)	the relationship between the Client and iQ3Corp being deemed or assessed as a relationship other
than that of principal and independent contractor;

 

		(v)	Intellectual Property; or

 

		(vi)	any breach of, or default under, this Agreement.

 

		(d)	“Client Representative” means the person(s) described in the Service Acquisition
Order or any person or persons replacing that person and confirmed as such in written notice delivered by the Client to iQ3Corp.

 

		(e)	“Commencement Date” means the date described as such in the Service Acquisition
Order.

 

		(f)	“iQ3Corp Representative” means the person described as such in the Service Acquisition
Order or any person or persons replacing that person and confirmed as such in written notice delivered by iQ3Corp to the Client.

 

		(g)	“Confidential Information” means all confidential information of the Client
(or any other party) of which iQ3Corp, its officers or its employees become aware or generate on behalf of the Client both before
and after the entry of this Agreement including, but not limited to:

 

		(i)	trade secrets;

 

		(ii)	Intellectual Property;

 

		(iii)	confidential know-how;

 

		(iv)	information concerning the business, finances or customers of the Client including (without limitation)
products, service costs, prices, profits and sales, new business ideas, business strategies, product and service plans, marketing
plans and studies, forecasts, computer programs, databases, computer codes, software ideas, technologies, concepts and designs,
research projects and all information connected with research and development effort, actual and prospective customer lists, all
information relating to Intellectual Property, customer requirements, customer financial information, product design, and competitive
analyses;

 

     

     6

    

 

		(v)	any information that is marked, or which iQ3Corp is told is, or which the Client in any manner
indicates is, confidential; and

 

		(vi)	any information that is inherently or can reasonably be regarded as confidential.

 

		(h)	“Fees” means the fees for the Services as set out in the Service Acquisition
Order.

 

		(i)	“GST” has the same meaning as in the GST Act.

 

		(j)	“GST Act means the A New Tax System (Goods and Services Tax) Act 1999 (Cth).

 

		(k)	“Intellectual Property” includes but is not limited to inventions, ideas, discoveries
and improvements, whether patentable or unpatentable; copyright, patents, trademarks and designs; and any application or right
to apply for registration of any rights in connection with such intellectual property whether created before or after the entry
of this Agreement.

 

		(l)	“Invoice” means an invoice which complies with all of the requirements detailed
in clause 5.3 of the General Terms and Conditions.

 

		(m)	“Jurisdiction” means the location described as such in the Service Acquisition
Order.

 

		(n)	“Master Services Agreement” means the agreement described as such and to which
these general terms and conditions are attached.

 

		(o)	“Out-of-Pocket Expenses” means any expenses incurred by IQ3 in the performance
of the Services and includes but is not limited to travel and accommodation expenses, printing expenses, couriers and professional
fees in respect of any technical, legal, tax or accounting advice or assistance sought.

 

		(p)	“Related Body Corporate” has the same meaning as in section 50 of the Corporations
Act 2001 (Cth).

 

		(q)	“Representative” means the Client Representative and/or iQ3Corp Representative,
as appropriate in the context.

 

		(r)	“Services” means the services as set out in the Service Acquisition Order.

 

		(s)	“Service Acquisition Order” shall bear the same meaning set out in Recital C
of the Master Services Agreement.

 

		(t)	“Term” means the term as set out in the Service Acquisition Order.

 

		1.2	Interpretation

 

Unless the contrary intention appears, in this Agreement:

 

		(a)	headings are for convenience and do not affect interpretation;

 

		(b)	words importing the singular include the plural and vice versa;

 

		(c)	words importing a gender include any gender;

 

		(d)	a reference to a clause or schedule is a reference to a clause or schedule of this Agreement;

 

		(e)	a reference to a natural person includes any company, partnership, joint venture, association,
corporation or other body corporate and any governmental agency;

 

		(f)	a reference to any statute, regulation or any other type of legislation includes all statutes,
regulations and other types of legislation varying, consolidating or replacing them and a reference to a statute includes al! regulations
and other types of subordinate legislation issued under that statute;

 

     

     7

    

 

		(g)	a reference to a party in a document includes that party’s successors and permitted assigns;

 

		(h)	a reference to a thing includes a reference to a part of that thing;

 

		(i)	an acknowledgement is deemed a representation and warranty by the party giving it;

 

		(j)	where the day on or by which any thing is to be done is not a Business Day that thing must be done
by the following Business Day;

 

		(k)	a reference to “$” or “dollars” is a reference to Australian dollars;

 

		(l)	a reference to any agency or body, if that agency or body ceases to exist or is reconstituted renamed
or replaced or has its powers or functions removed (‘defunct body’) means the agency or body which performs most closely
the functions of the defunct body;

 

		(m)	where any party comprises two or more persons, any duty or obligation to be performed or observed
will bind them jointly and each of them severally and any reference to that party will be deemed to include a reference to any
one or more of those persons;

 

		(n)	a reference to a document includes the document as modified from time to time and any document
replacing it;

 

		(o)	if a provision of this Agreement is void or voidable or unenforceable or illegal but would not
be void or voidable or unenforceable or illegal if it were read down and it is capable of being read down, it must be read down
accordingly, or alternatively if it cannot be read down then it is deemed severed;

 

		(p)	to the extent there is any inconsistency between the clauses of this Agreement and any schedule,
annexure or other attachment to this Agreement, the clauses of this Agreement shall prevail to the extent of such inconsistency;
and

 

		(q)	no rule of construction applies to the disadvantage of a party because that party was responsible
for the preparation of this Agreement or any part of it.

 

		2.	APPOINTMENT OF IQ3CORP

 

		2.1	Appointment of iQ3Corp

 

		(a)	The Client appoints iQ3Corp on an exclusive basis to provide the Services from the Commencement
Date for the Term, or until the Services are completed, on the terms and conditions of this Agreement.

 

		(b)	The relationship between the Client and iQ3Corp is that of principal and independent professional
service provider. Nothing in this Agreement will be taken as constituting iQ3Corp as an employee or agent of the Client. 1Q3Corp
does not have any authority to bind the Client and must not hold itself out as having any authority except as expressly provided
under the terms of this Agreement.

 

		2.2	Limited Delegation

 

		(a)	During the course of this Agreement, the Services will be provided by the iQ3Corp Representatives
nominated in Services Acquisition Order.

 

		(b)	IQ3 reserves the right to substitute the iQ3Corp Representative during the course of providing
the Services if the needs of the business so require it.

 

		(c)	iQ3Corp may delegate the performance of the Services to any other person within its organisation
or a Related Body Corporate but must not, without the written consent of the Client, subcontract, assign or transfer its responsibility
to provide the Services.

 

     

     8

    

 

		2.3	iQ3Corp Representatives

 

The iQ3Corp Representatives referred to in the Service
Acquisition Order will be determined by iQ3Corp upon acceptance of the Client’s Service Acquisition Order. The iQ3Corp Representatives
will be primarily responsible for the provision of the Services, unless and until substituted.

 

		3.	OBLIGATIONS OF IQ3CORP

 

IQ3Corp must:

 

		(a)	deliver the Services to the Client on time and as instructed by the Client Representative;

 

		(b)	perform the Services with the skill, care, competence and diligence expected of a professional
consultant experienced in providing services in the nature of the Services; perform the Services through suitably qualified, expert
and experienced personnel as is reasonably necessary;

 

		(c)	notify the Client if it becomes aware of any matter which may change the scope, or timing of delivery,
of the Services, such notification should include particulars of the relevant matter and recommendations on how any adverse effect
might be minimised;

 

		(d)	comply with all lawful and reasonable requests and directions of the Client;

 

		(e)	regularly consult with, and keep informed, the Client Representative of the performance of the
Services;

 

		(f)	co-operate fully and co-ordinate its performance of the Services with other consultants engaged
by the Client;

 

		(g)	hold all licences or qualifications required or necessary to lawfully provide the Services; and

 

		(h)	not act for the Client or make representations, warranties, undertakings or assume obligations
for or on behalf of the Client without the prior consent of the Client’s Representative.

 

		3.2	Limitation of Service

 

iQ3Corp is not required to provide any services which
would not normally be expected of a professional corporate advisory services provider experienced in providing the same or similar
services, including without limitation:

 

		(a)	provision of legal advice; and

 

		(b)	any other requirement or service outside the scope of this Agreement, unless any change to the
Fees and the Services and any other relevant matters are agreed as a variation to this Agreement by the parties in writing.

 

		3.3	Notification of conflicts

 

If any conflict or potential conflict exists or is
likely to arise in the performance of its obligations under this Agreement, iQ3Corp must notify the Client as soon as possible
in writing.

 

		4.	OBLIGATIONS OF THE CLIENT

 

		4.1	Client’s obligations

 

The Client must ensure that it gives all reasonable
assistance and does all things reasonably necessary to enable iQ3Corp to deliver the Services.

 

     

     9

    

 

		5.	PAYMENT OF FEES FOR SERVICES

 

		5.1	Fees

 

		(a)	The Client must pay iQ3Corp for the Services in the manner outlined in the Service Acquisition
Order and this clause 5.

 

		(b)	Aside from the fees outlined in the Service Acquisition Order, the Client will not be liable for
any other cost, charge or expense for or relating to the Services or their delivery.

 

		5.2	Subject to:

 

		(a)	the proper performance of the Services; and

 

		(b)	iQ3Corp’s provision to the Client of an Invoice,

 

the Client must pay iQ3Corp all amounts invoiced to
it within one month of the Client’s receipt of the given Invoice.

 

		5.3	Payment Withholding

 

Despite clause 5.2, if the Client:

 

		(a)	reasonably objects to all or any portion of any Invoice, and

 

		(b)	notifies iQ3Corp of that objection within fifteen days of the Invoice being issued, and

 

		(c)	gives valid reasons for the objection,

 

the Client may, until the dispute is resolved, withhold
payment of that part of the Invoice objected to.

 

		5.4	Interest on Unpaid Fees

 

If the Client fails to pay fees as required by this
clause 5, the Client must pay iQ3Corp interest on the daily outstanding fees balance, such interest to:

 

		(a)	compound daily; and

 

		(b)	be calculated each day using an interest rate equal to 2% above the Commonwealth Bank of Australia’s
indicative lending rate on bank overdrafts over $100,000 for that day.

 

		5.5	Out-Of-Pocket Expenses

 

IQ3Corp acknowledges that any out-of-pocket expenses
charged to the Client must be supported by appropriate documentation.

 

		6.	GST

 

		(a)	Unless otherwise stated, the fees payable by the Client to iQ3Corp under this Agreement are exclusive
of any GST.

 

		(b)	If any GST is incurred, payable by or collectable from iQ3Corp in respect of services under this
Agreement, the Client shall pay or reimburse iQ3Corp for any GST paid or indemnify iQ3Corp for any GST payable. Where such GST
payment is due, iQ3Corp must promptly provide the Client with an invoice or receipt suitable for claiming GST in accordance with
the GST Act.

 

		7.	CONFIDENTIAL INFORMATION

 

IQ3Corp:

 

     

     10

    

 

		(a)	must not use the Client’s Confidential Information other than for the purpose of providing
the Services;

 

		(b)	must not disclose the Confidential Information to any party unless the disclosure:

 

		(i)	is approved in writing by the Client;

 

		(ii)	is required by law;

 

		(iii)	is necessary for the implementation of the Services;

 

		(iv)	is used for obtaining professional advice in relation to this Agreement; or

 

		(v)	relates to information already in the public domain other than as a result of breach of confidentiality
by iQ3Corp or a person under similar confidentiality obligations; and

 

		(c)	must ensure that its agents, officers, employees, consultants, and other representatives comply
with subclauses 7(a) and 7(b).

 

		8.	INTELLECTUAL PROPERTY

 

		8.1	Ownership of Intellectual Property in the Service deliverables

 

IQ3Corp assigns to the Client all existing and future
Intellectual Property rights in any material created, generated or contributed to by or on behalf of iQ3Corp specifically for the
Client in the delivery of the Services.

 

		8.2	Licence to use the Intellectual Property pre-existing works

 

Each party retains ownership of its pre-existing Intellectual
Property. To the extent necessary to enable the provision and receipt of the Services, each party provides the other party with
a nonexclusive licence to use its Intellectual Property. Any licence provided under this clause 8.2 will terminate on termination
or expiry of this Agreement for any reason.

 

		9.	INDEMNITY AND LIABILITY

 

		9.1	Client indemnity

 

The Client indemnifies IQ3Corp against all claims,
demands, actions, liabilities, costs and expenses of any kind (including without limitation all legal costs on a solicitor/client
basis) arising from or in connection with:

 

		(a)	!Q3Corp’s provision of the Services in accordance with this Agreement including without limitation,
any public liability claims and all claims for which IQ3Corp is or becomes liable due to the valid and lawful exercise of its rights
and performance of its obligations under this Agreement;

 

		(b)	the Client’s negligence or misconduct; or

 

		(c)	any information provided by the Client to IQ3Corp upon which IQ3Corp relied in providing the Services.

 

		9.2	IQ3Corp’s Indemnity

 

Except to the extent clause 9.1 applies, IQ3Corp
indemnifies the Client against all claims, demands, actions, liabilities, costs and expenses of any kind (including without limitation
all legal costs on a solicitor/client basis) arising from or in connection with IQ3Corp’s gross negligence or material breach
of this Agreement. IQ3Corp’s indemnity in this clause 9.2 is reduced proportionately to the extent that any act or
omission of the Client or its employees or agents contributed to the loss or liability.

 

     

     11

    

 

		9.3	No Consequential Loss

 

In any event, each party (the first party) shall not
be liable to the other (the second party) for any indirect, consequential, special, punitive, exemplary loss, liability or damages
of the second party or any third party arising from any act or omission of the first party under or in relation to this Agreement.

 

		9.4	Limitation

 

Despite anything else in this Agreement, the total
liability of IQ3Corp for all claims arising out of or in connection with this Agreement shall be limited to the following:

 

		(a)	for liability in respect of breach of the Agreement, to the resupply of the relevant portion of
the Services or the payment of the cost of having the relevant portion of the Services provided by a third party (at the discretion
of IQ3Corp); and

 

		(b)	for all other liability not limited by clause 9.4(a), the parties agree to limit iQ3Corp’s
liability to the aggregate fees IQ3Corp is entitled to receive under this Agreement.

 

		10.	INSURANCE

 

		10.1	IQ3Corp must ensure that throughout the Term of this
Agreement, it is insured with a highly reputable insurance company with respect to professional indemnity insurance.

 

		10.2	iQ3Corp must provide the Client with a certificate of
currency within 14 days if requested.

 

		11.	DISCLAIMER

 

		11.1	Use of work

 

Unless IQ3Corp provides prior written consent to the
Client, which may be withheld at its sole discretion, any draft or final report prepared by IQ3Corp under this Agreement:

 

		(a)	must only be used for the Client’s internal purposes;

 

		(b)	must not be reproduced (including on any website) in a manner that is accessible by the public
or a section of the public;

 

		(c)	must not be used in connection with any public offering; and

 

		(d)	the Client must not refer to IQ3Corp in any public offering.

 

Where IQ3Corp provides consent to use such reports
or its name, the client will comply with any conditions or restrictions imposed by IQ3Corp on its use.

 

		11.2	Reliance on information

 

		(a)	The data, documentation, and assumptions used to prepare any analysis or reports from the Services
will be derived entirely from information supplied by the Client, prepared by IQ3Corp in the regular course of its business, and
other industry sources. All such information will not be independently verified by IQ3Corp for the purposes of this Agreement.
IQ3Corp will not be responsible for the accuracy of such data and information, and for any assumptions derived from such.

 

		(b)	lQ3Corp’s performance will be based on IQ3Corp’s professional evaluation of all such
available sources of information. The Client acknowledges and agrees that there may be differences between projected and actual
results because events and circumstances frequently do not occur as predicted, and those differences may be material. The Client
hereby releases IQ3Corp from any claims or liability arising from these differences.

 

     

     12

    

 

		(c)	The Client is responsible for representations made to IQ3Corp about its plans and expectations
and for disclosure of material information that might affect the ultimate realisation of the conclusions, projections, estimates
and recommendations made by IQ3Corp. The final decision to implement any recommendations made by IQ3Corp rests with the Client.
The Client acknowledges that IQ3Corp’s findings will constitute only one of the factors that the Client should consider in
its decision making process.

 

		(d)	The parties understand and agree that neither IQ3Corp’s fees nor the payment of those fees
by the Client is contingent upon the results, projections, findings, conclusions or recommendations provided by IQ3Corp.

 

		12.	TERMINATION

 

		12.1	Termination for cause

 

Either party (the first party) may immediately terminate
this Agreement by giving written notice to the other party (the second party) if:

 

		(a)	the second party materially breaches any aspect of this Agreement and fails to satisfactorily remedy
any such breach within 14 days of being notified by the first party;

 

		(b)	the second party is or becomes bankrupt or insolvent or unable to pay its debts as and when they
fall due;

 

		(c)	the second party enters into a scheme of arrangement or composition with its creditors or takes
advantage of any statute for the relief of insolvent or financially troubled debtors; or

 

		(d)	the second party is placed under management or administration or a receiver is appointed, or a
winding up order is made in respect of the second party.

 

		12.2	Termination without cause

 

		(a)	Each party can terminate this Agreement by providing 30 days’ written notice to the other.

 

		(b)	In the event of termination without cause by the Client pursuant to this clause 12.2 prior
to the conclusion of the Service:

 

		(i)	iQ3Corp will be entitled to receive payment in full of any Out-of-pocket Expenses, including Out-of-Pocket
Expenses that have been incurred which have not yet been invoiced or paid; and

 

		(ii)	should the Client decide to obtain the Services contemplated in the Services Acquisition Order
within 12 months of the date of termination, then the Client will offer iQ3Corp the same role to that contemplated by the
Services Acquisition Order and on similar, and no worse, terms to those contemplated by this Agreement; or

 

		(iii)	should the Client not offer to re-appoint iQ3Corp under clause 12.2(ií) but nevertheless
the Services, or enter into an agreement to undertake the Services, within 12 months of the date of termination, then iQ3Corp will
be entitled to receive the Fees in full calculated as if iQ3Corp had been re-appointed in accordance with the terms of this Agreement,
not exceeding the amount they would have been entitled to had the Services been provided by iQ3Corp in full.

 

		12.3	No Prejudice

 

Termination of this Agreement will not prejudice any
right which a party may have, or but for the termination, may have had, against the other party for a breach of this Agreement.

 

     

     13

    

 

		13.	DISPUTE RESOLUTION

 

		13.1	Notice of Dispute

 

If any dispute arises in relation to this Agreement
(“Dispute”), the party asserting that a Dispute has arisen must give the other party a written notice (“Dispute
Notice”) which:

 

		(a)	says that it is a Dispute Notice issued under clause 13.1 of this Agreement, and

 

		(b)	sets out:

 

		(i)	each thing complained of;

 

		(ii)	the outcome sought by the party giving the Dispute Notice;

 

		(iii)	the things that the party giving the Dispute Notice thinks needs to be done in order to achieve
that outcome; and

 

		(iv)	the reasons that party thinks it should be entitled to that outcome.

 

		13.2	Dispute Resolution

 

		(a)	lf, within 7 days of a Dispute Notice being given (or within such further period as agreed in writing
by the parties), the parties have not agreed on:

 

		(i)	the dispute resolution technique and procedures to be adopted in seeking to resolve the Dispute;

 

		(ii)	the timetable for all steps in those procedures; and

 

		(iii)	the selection and compensation of all independent persons required for such technique, then the
parties must forthwith refer the dispute to the Australian Commercial Disputes Centre (“ACDC”) for mediation.

 

		(b)	The mediation must be conducted in accordance with the ACDC Guidelines for Commercial Mediation
(“ACDC Guidelines”) which are operating at the time the matter is referred to the ACDC. The terms of the ACDC
Guidelines are incorporated into the terms of this Agreement.

 

		(c)	During the course of any mediation each party must be represented by a person having authority
to agree to a resolution of the dispute.

 

		13.3	Compliance With This Clause Is Compulsory

 

Neither party to this Agreement may commence any court
proceedings in relation to the Dispute unless:

 

		(a)	it has firstly complied with this clause 13, and the Dispute has not been settled within
42 days of the delivery of the relevant Dispute Notice (or such other period as agreed to in writing by the parties); or

 

		(b)	the relevant party seeks urgent interlocutory relief or seeks to enforce a payment due under this
Agreement.

 

		14.	NOTICES

 

		14.1	Validity of notices

 

A notice, consent or other communication under this
Agreement cannot be effective unless it is:

 

		(a)	in writing, signed by or on behalf of the party giving it;

 

     

     14

    

 

		(b)	addressed to the postal address, facsimile number or email address specified for the recipient
in Schedule 1 (or as varied by any notice); and

 

		(c)	either:

 

		(i)	hand delivered to the recipient’s address;

 

		(ii)	sent by pre-paid mail (by airmail, if the addressee is overseas) to that party’s address;

 

		(iii)	sent by facsimile to the recipient’s facsimile number; or

 

		(iv)	sent by electronic mail to the recipient’s email address.

 

		14.2	When notice given

 

A notice, consent or other communication that complies
with this clause is regarded as given and received:

 

		(a)	in the case of hand delivery: on the date of delivery if delivered at or before 5pm, or on the
following Business Day if delivered after 5pm;

 

		(b)	in the case of registered post: 2 Business Days after the date of posting;

 

		(c)	in the case of ordinary post: 3 Business Days after the date of posting (airmail being 5 Business
Days after posting);

 

		(d)	in the case of facsimile transmission: on the receipt by the sender of a transmission report indicating
successful transmission of the facsimile; and

 

		(e)	in the case of electronic mail, on receipt by the recipient’s email server if received at
or before 5pm on a Business Day, or on the following Business Day if received after 5pm.

 

		15.	GENERAL

 

		15.1	Entire Agreement

 

This Agreement is the entire agreement between the
parties and supersedes all previous agreements, representations and undertakings between the parties.

 

		15.2	Succession and assigns

 

The Agreement will be binding upon and will continue
for the benefit of the parties, and their respective successors and permitted assigns.

 

		15.3	Publicity

 

		(a)	Either party must:

 

		(i)	obtain the other’s prior written consent before publicising its association or relationship
with the other or use the other’s name, logo, or trademarks (including those of its Related Bodies Corporate); and

 

		(ii)	comply with any conditions imposed by the other party on such publication or use.

 

		(b)	Each party may publicise its association or relationship with the other if a legal or regulatory
requirement compels publicising that association or relationship in any regulatory document pertaining to the operation of the
Company including, but not limited to, investment prospectuses, annual company reports and other regulatory and market disclosures.

 

     

     15

    

 

		15.4	Jurisdiction

 

This Agreement, its meaning and interpretation and
the relationship of the parties are to be governed by the laws of the Jurisdiction. The parties submit unconditionally to the jurisdiction
of the courts of the Jurisdiction and the courts hearing appeals from those courts.

 

		15.5	Variations

 

Any variation of this Agreement must be in writing
and executed by all parties to it.

 

		15.6	Assignment

 

		(a)	iQ3Corp may assign or transfer any of its rights or obligations under this Agreement to any of
its Related Bodies Corporate by giving written notice to all other parties to this Agreement.

 

		(b)	Subject to clause 15.6(a), neither party may assign or transfer any of its rights or obligations
under this Agreement without the prior written consent of the other.

 

		15.7	Waiver

 

A waiver on the part of either party of any term,
provision or condition of this Agreement shall not constitute a precedent or bind either party to a waiver of any succeeding breach
of the same or any other term, provision or condition of this Agreement.

 

		15.8	Cumulative rights

 

All remedies, rights, undertakings, obligations or
agreements of the parties arising by law, this Agreement or otherwise shall be cumulative and shall not limit any other right,
remedy, undertaking, obligation or agreement of such party.

 

		15.9	Time is of the essence

 

Time is of the essence of this Agreement.

 

		15.10	Consent

 

Where consent of IQ3Corp or the Client is required
under this Agreement, such consent must be obtained from their respective Representatives.

 

		15.11	Surviving indemnities

 

Any provision of this Agreement which expressly or
by implication from its nature is intended to survive the termination or expiration of this Agreement and any rights arising on
termination or expiration shall survive. These clauses are continuing obligations, independent from the parties’ other obligations
under this Agreement, and continue after this Agreement ends.

 

		15.12	Enforcement of indemnity

 

It is not necessary for a party to incur expense or
make payment before enforcing a right of indemnity under this Agreement.

 

		15.13	Force Majeure

 

		(a)	Despite any other provision of this Agreement, no party need act if it is impossible to act due
to Force Majeure.

 

     

     16

    

 

		(b)	The non-performing party must notify the other party promptly after it determines that it is unable
to act as a consequence of Force Majeure and must make reasonable efforts to avoid or remove the cause of non-performance.

 

		(c)	This clause does not apply to payments by one party to any other party where that payment or part
thereof accrues prior to a party giving notice under this clause.

 

		15.14	Further assurances

 

Each party must, at its own expense, do anything another
party reasonably asks (such as obtaining consents, signing and producing documents and getting documents completed and signed)
in order:

 

		(a)	to bind the party and any other person intended to be bound under this Agreement; or

 

		(b)	to enable the requesting party to exercise any rights granted under this Agreement.

 

		15.15	Counterparts

 

		(a)	This Agreement may be executed in any number of counterparts. Each counterpart is an original but
the counterparts together are one and the same Agreement.

 

		(b)	Any counterpart of this Agreement is deemed to have been duly executed if it is executed by a party
and:

 

		(i)	sent by facsimile to all other parties; or

 

		(ii)	sent in .pdf, .tif or similar scanned format to all other parties; or

 

		(iii)	delivered by hand to the address specified for the parties in Schedule 1.

 

     

     

    

 

SCHEDULE 3 - SERVICE ACQUISITION ORDER

 

	The Client	Entity:	Glucose
    Biosensor Systems (Greater China) Ply Ltd
	ACN:	(or
    Nominated Entity) 614 067 159
	Address:	Level
    7, 222 Clarence Street, Sydney NSW 2000
	IQ3Corp	Entity:	iQ3Corp
    Ltd
	ACN:	160
    238 282
	Address:	Level
    6, 222 Clarence Street, Sydney NSW 2000

	Commencement
    Date	01/08/2016
	Term	From the Commencement date
    to Completion of project

	Services	 

        Pre-lPO and Potential IPO Listing

         

        A.    Business
        Plan Preparation Assistance & Review - $120,000

         

        B.    Qualifying
        Due Dilligence - $40,000

         

        C.    Private
        Placement Capital Raising Support Services in jurisdiction covered by Australian Financial Services License - $250,000

         

        D.    Private
        Placement Capital Raising @ 8% of capital raised in jurisdiction covered by financial
        services licence

         

        E.    Preparation
        of Private Placement & Public Offering Parameters & Capital Modelling - $150,000

         

        F.    Public
        Offering Project Management comprising of: Liaising with lawyers, Investigative Accountants, Regulators, Stock Exchange
        Representatives & Management of the Prospectus Preparation Process and other out of scope work - per Hourly rates**
        below:

        -     Chief
        Corporate Advisor - $800 per hour

        -     Head,
        Corporate Advisor- $550 per hour

        -     Corporate
        Advisor - $400 per hour

        •• Hourly rates
        are subject to review

         

        G.    Public
        offering capital in jurisdiction covered by financial services license - to be negotiated
        separately if applicable

         

        H.    Investor
        Relations Support Services - $20,000 per month from 1st July 2017 until close of offer

 

     

     

    

 

	 	All amounts
        quoted are exclusive of Goods & Services Tax (GST} , which will be added where appropriate . Amounts listed are fixed
        for a maximum of 90 days and subject to review by iQ3 thereafter.

         

        The above fees
        are exclusive of fees payable to other service providers in the process such as legal, accounting , IT, prospectus layout,
        printing & distribution.

	iQ3Corp's
    Representative	Accepted
for and on behalf of iQ3Corp Ltd by:

         

        

         

	Client
    Representative	

	Jurisdiction	New
    South WalesExhibit 10.4

 

Medical Affairs Service

Agreement

_______________________________________

 

 Glucose Biosensor Systems

(Greater China) Holdings Inc

 

AND

 

Clinical Research Corporation Pty Ltd

 

     

     

    

 

Table of contents

 

 

	1. 	Definitions and interpretation	3
	 	 
	2. 	Engagement	6
	 	 
	3. 	Medical Affairs Team	6
	 	 
	4. 	Responsibility for insurances	7
	 	 
	5. 	Obligations	8
	 	 
	6. 	Liability	8
	 	 
	7. 	Invoicing and payment	9
	 	 
	8. 	GST	9
	 	 
	9. 	Work, Health and Safety	10
	 	 
	10. 	Term and Termination	10
	 	 
	11. 	Confidential information	11
	 	 
	12. 	IP	11
	 	 
	13. 	Communication	12
	 	 
	14. 	Dispute Resolution	12
	 	 
	15. 	General	13
	 	 
	Schedule
    1 – Agreement Details	14
	 	 
	Schedule
    2 – Statement of Work	15

 

     

     

    

 

Medical Affairs Service Agreement

 

Date ►1st August
2017

 

	
        Between the parties 
	 
	 	 
	 	 
	 	
        Glucose Biosensor Systems (Greater China) Holdings Inc 

        of Level 7, 222 Clarence Street, Sydney NSW 2000

        (Client)

	 	 
	 	 
	 	
        Clinical Research Corporation Pty Ltd 

        ABN: 95 167 748 843

        of Level 7, 222 Clarence Street, Sydney NSW 2000

        (CRC)

	 	 
	 	 
	Recitals	
        1 The
        Client requires the Services to be provided by CRC.

        2 CRC
        agrees to provide the Services to the Client on the terms and conditions of this Agreement.

	 	 
	 	 
	
        The Parties agree as follows: 

	 

 

    Page 2

     

    

 

		1.	Definitions and interpretation

 

		1.1	Definitions

 

The meanings of the terms used in this Agreement are
set out below.

 

	 	Term	Meaning 
	 	ACDC	the Australian Commercial Disputes Centre.
	 	ACDC Guidelines	the ACDC Guidelines for Commercial Mediation in operation from time to time.

	 	Agreement	
        1. 
	these
terms and conditions including Schedules 1 and 2; and 

	 	 	2. 	the Statements of Works.

	 	Business Day	a day on which banks are open for business in Sydney (except a Saturday, Sunday or public holiday in that city).
	 	Claim	any claim, action, suit, demand, proceeding, notice, litigation, investigation or judgment whether based in contract, tort (including, without limitation, negligence), statute or otherwise.
	 	Commencement Date	means the date at Item 1 of Schedule 1.

	 	Confidential Information	
        1) 
	any
information that concerns the business, operations, finances, plans, products, customers, suppliers, distributors or licensees
of a Party or any of its Related Bodies Corporate; 

	 		
        

        2) 
	any information
which is, by its nature confidential; and 

	 		
        

        3)       
	any
information designated by a Party as being confidential, but does not include information: 

	 		
        

        

        a) 
	in
the public domain (other than due to a breach of confidentiality by a Party); or 

	 		
        

        b) 
	which
was in a Party’s possession prior to the earlier of the date of execution of this Agreement, provided that this will not
include any information that was provided directly or indirectly by a Party to the other Party or which is the subject of a confidential
obligation between one or more of the Parties.

	 	Consequential Loss	any special, incidental, indirect or consequential loss, including, but not limited to, loss of opportunity, use, profits, or revenue in connection with this Agreement or the Services, even if such loss may have been foreseeable.

	 	CRC IP	
        means: 

	 		
        

        1. 
	any IP created
by CRC prior to the Commencement Date; 

	 		
        

        2. 
	any IP created
by CRC after the Commencement Date independent of this Agreement; and 

	 		
        3. 
	any
business principles, analytical concepts, approaches, methodologies, models, tools, templates processes, discoveries, ideas, and
formats developed by CRC which have a generic application to CRC’s business or medical affairs services.

 

    Page 3

     

    

 

	 	Deliverables	final versions of documents that are required to be developed by CRC under a Statement of Works, as described in that Statement of Works.
	 	Dispute	any dispute which arises in relation to the interpretation of any term under this Agreement.
	 	Dispute Notice	a written notice issued by either Party asserting that a Dispute has arisen in the manner set out in clause 14.1.
	 	End Date	the date at Item 2 of Schedule 1.
	 	Fee	the amount payable by the Client to CRC for the provision of the Services as set out in the applicable Statement of Work. 
	 	GST	goods and services tax or similar value added tax levied or imposed in Australia pursuant to the A New Tax System (Goods and Services Tax) Act 1999 (Cth) or otherwise as a supply.
	 	Insolvency Event	means the occurrence of any event of insolvency including a winding up application being made and not withdrawn within twenty one (21) days, a failure to comply with a statutory demand, the appointment of a provisional liquidator or administrator, the entering into of an arrangement with creditors, a voluntary winding up other than for the purpose of a bona fide corporate reconstruction, any admission of insolvency, any court order relating to any of the above or anything which occurs under the law of any jurisdiction which has a similar effect to any of the above.

	 	IP	
        all intellectual property rights, registered or unregistered,
and related rights, including but not limited to the following rights:

	 		
        

        1. 
	patents, copyright,
registered designs, trade marks, inventions; and 

	 		
        

        2. 
	any
        application or right to apply for registration of any of the rights referred to in paragraph (1) above.

        

	 	Parties	the Client and CRC collectively and Party means either of them.
	 	Practice	means one or more medical practitioner(s) working in public or private practice (including their practice staff) or any other healthcare professional(s) (including their practice staff) registered with the Australian Health Practitioner Regulation Agency.
	 	Products	the Client’s products and services, as set out in the Statement of Work.
	 	Related Bodies Corporate	has the meaning given to it in the Corporations Act 2001 (Cth), as amended from time to time.
	 	Medical Affairs Team	the personnel of CRC (including any external consultants it may engage) perform the Services, as specified in the relevant Statement of Works.

 

    Page 4

     

    

 

	 	Services	the medical affairs services provided by CRC to Client, as set out in the relevant Statement of Work.
	 	SOW Commencement Date	in respect to a Statement of Work, the commencement date as stated in that Statement of Work.
	 	SOW End Date	in respect to a Statement of Work, the end date as stated in that Statement of Work.
	 	SOW Term	the period from the SOW Commencement Date until the SOW End Date and any extension of that period agreed by the Parties in writing.
	 	Statement of Works or SOW	the document that the Parties may enter into, in a form substantially the same or similar to the template set out in Schedule 2 outlining the Services to be performed by CRC under the Agreement.
	 	Term	the period from the Commencement Date until the End Date and any extension of that period agreed by the Parties in writing.

 

		1.2	Interpretation

 

In this Agreement:

 

		(a)	Headings and bold type are for convenience only and do not affect the interpretation of this Agreement.

 

		(b)	The singular includes the plural and the plural includes the singular.

 

		(c)	Words of any gender include all genders.

 

		(d)	Other parts of speech and grammatical forms of a word or phrase defined in this Agreement have a corresponding meaning.

 

		(e)	An expression importing a person includes any company, partnership, joint venture, association, corporation or other body corporate
and any Government Agency as well as an individual.

 

		(f)	A reference to a clause, party, schedule, attachment or exhibit is a reference to a clause of, and a party, schedule, attachment
or exhibit to, this Agreement.

 

		(g)	A reference to any legislation includes all delegated legislation made under it and amendments, consolidations, replacements
or re enactments of any of them.

 

		(h)	No provision of this Agreement will be construed adversely to a party because that party was responsible for the preparation
of this Agreement or that provision.

 

		(i)	Specifying anything in this Agreement after the words `include’ or ‘for example’ or similar expressions does
not limit what else is included.

 

		(j)	Where the day on or by which any thing is to be done is not a Business Day, that thing must be done on or by the
                                                               next Business Day.

 

		(k)	This Agreement includes any schedule.

 

    Page 5

     

    

 

		2.	Engagement

 

		2.1	Engagement

 

		(a)	CRC will provide the Services to the Client in accordance with the terms and conditions of this Agreement.

 

		(b)	The Client acknowledges and agrees that this is a non-exclusive engagement, and CRC may provide the same or similar medical
affairs services as the Services to other clients.

 

		(c)	CRC and the Client are each independent of the other. Neither Party is an agent or partner of, or a joint venturer with, the
other Party under this Agreement. Neither CRC or the Client has any authority, power or right to act or create any obligation,
explicit or implicit, on behalf of the other Party.

 

		2.2	Statements of Work

 

		(a)	The Parties may during the Term enter into one or more Statement of Works.

 

		(b)	Each Statement of Works will detail the specific Services the Medical Affairs Team will perform for the Client and the associated
Deliverables and budget.

 

		(c)	Each Statement of Works will form part of this Agreement, and will become binding on the Parties, when the Statement of Works
is signed by authorised representatives of the Client and CRC.

 

		(d)	The Statements of Work can be modified or altered at any stage during the SOW Term as agreed between the Client and CRC given
that priorities, strategies and circumstances may change. If this occurs, the updated Statements of Work must be signed by both
Parties, and once signed, supersede the previous Statement of Works.

 

		2.3	Fee

 

The Client will pay to CRC the Fee for providing the
Services. The Fee will be payable:

 

		(a)	in accordance with the payment terms the Statement of Works; or

 

		(b)	if no payment terms is set out in the Statement of Works, monthly in arrears.

 

		2.4	Expenses

 

If, in addition to the Fees, the parties agree that
the Client will reimburse CRC for any expenses incurred by CRC under or in connection with any Statement of Works; then
the expenses that will be reimbursable will be listed in the Statement of Works.

All expenses additional to the fee need to be approved
by GBSG prior to incurring the expenses.

 

		3.	Medical Affairs Team

 

		3.1	Arrangements with respect to the Medical Affairs Team

 

		(a)	CRC will ensure the Medical Affairs Team has a reasonable standard of skill and training to perform the work required of them.

 

		(b)	The Client may, acting reasonably, direct CRC in writing to immediately end the involvement of any personnel comprising the
Medical Affairs Team if such personnel:

 

		(1)	engages in serious misconduct;

 

    Page 6

     

    

 

		(2)	is seriously negligent in the performance of their duties;

 

		(3)	commits an act, whether at work or otherwise, which brings the Client into disrepute; or

 

		(4)	is convicted of an offence punishable by imprisonment.

 

If CRC agrees that the Client’s direction is
reasonable, CRC will arrange for the removal of such personnel from the Client’s work within a reasonable period and provide
a suitably qualified replacement within a reasonable period under the circumstances.

 

		(c)	CRC may replace any of its personnel comprising the Medical Affairs Team and, where practicable, will give notice to the Client
where the circumstances necessitate such replacement.

 

		(d)	During the Term and for a period of 12 months thereafter, the Client must not, for its benefit or for the benefit of another,
directly or indirectly solicit or obtain the services of any personnel comprising the Medical Affairs Team without CRC’s
written approval.

 

		(e)	If the Client breaches clauses 3.1(d), it must pay CRC on demand an amount equivalent to the annual remuneration package payable
to that personnel (including bonuses (where applicable) and superannuation) as compensation for the loss that CRC may suffer in
connection with the breach (including the cost of recruiting a replacement).

 

		3.2	Responsibilities with respect to the Medical Affairs Team

 

		(a)	CRC will be fully and solely responsible for the:

 

		(1)	management, employment and associated costs of the Medical Affairs Team;

 

		(2)	engagement of consultants under contract, where required, as part of the Medical Affairs Services offering; and

 

		(3)	matters described in a Statement of Works as a CRC responsibility.

 

		(b)	The Client will be fully and solely responsible for the matters, activities or steps described as a Client responsibility.

 

		4.	Responsibility for insurances

 

		4.1	CRC insurances

 

CRC must maintain public liability insurance(s) that
will protect the Client in the event of any liability arising under this Agreement. This includes workers’ compensation insurance
cover as required by law during the Term, as well as any other relevant insurances without limitation. CRC will provide the Client
evidence of such insurance(s) upon request.

 

		4.2	Client insurances

 

		(a)	The Client must maintain the following insurances during the Term, where applicable:

 

		(1)	a professional indemnity insurance policy with a minimum cover of the amount set out in Item 8 of Schedule 1 per claim and
in the annual aggregate;

 

		(2)	a public liability insurance policy with a minimum cover of the amount set out in Item 9 of Schedule 1 per claim and in the
annual aggregate; and

 

		(3)	a products liability insurance with a minimum cover of the amount set out in Item 10 of Schedule 1 per claim and in the annual
aggregate.

 

    Page 7

     

    

 

		5.	Obligations

 

		5.1	CRC’s obligations

 

CRC must:

 

		(a)	provide the Services with due care, diligence and skill, in a proper and professional manner consistent with generally accepted
industry standards;

 

		(b)	request in a timely manner information from the Client deemed necessary to perform the Services and not already provided by
the Client as described in clause 5.2;

 

		(c)	comply with all applicable laws, regulations and industry codes in providing the Services; and

 

		(d)	report in writing to the Client, in accordance with the Client’s Pharmacovigilance reporting protocol, any adverse events
in respect of the Products that CRC is made aware of.

 

		5.2	Client’s obligations The Client must:

 

		(a)	furnish in a timely manner at no charge all information necessary for the performance of the Services and the work to be completed
by the Medical Affairs Team;

 

		(b)	ensure timely payment, in accordance with clause 7(b), of invoices issued by CRC to the Client for the payment of the Services
rendered and any expenses contemplated by clause 2.3;

 

		(c)	be responsible for any problems or risks resulting from the completeness, accuracy, content and consistency of all data, information
and materials described in clause 5.2 that the Client provides to CRC;

 

		(d)	comply with all applicable laws, regulations and industry codes in the relevant jurisdictions.

 

		6.	Liability

 

		6.1	Limitation of liability

 

Subject to clause 6.3, and notwithstanding any other
clause to the contrary in this Agreement, in no event shall the liability of CRC and its Related Bodies Corporate or associated
entities, and their respective directors, officers, employees and agents, in the aggregate (whether arising under or in connection
with this Agreement or anything incidental thereto) exceed the amount of the Fee actually received by CRC from the Client for the
Services.

 

		6.2	Exclusion of Consequential Loss

 

Subject to clause 6.3, CRC will not be liable to the
Client for any Consequential Loss, however caused (including, without limitation, by negligence) suffered or incurred by the Client
in connection with this Agreement.

 

		6.3	Limitations and exclusions from liability cap

 

The limitations and exclusions of liability in clauses
6.1 and 6.2 will apply to the fullest extent permissible at law, but do not seek to exclude or otherwise limit liability for:

 

		(a)	death or personal injury caused by negligence;

 

		(b)	fraud or fraudulent misrepresentation; or

 

		(c)	any other liability that cannot be excluded by law.

 

    Page 8

     

    

 

		6.4	Liability and indemnity

 

		(a)	The Client agrees that:

 

		(1)	it will not, and it will procure that none of its Related Bodies Corporate or associated entities do not, make any Claim against
CRC, its Related Bodies Corporate or associated entities, or the Medical Affairs Team in connection with:

 

		(A)	any representations, acts or omissions of any personnel comprising the Medical Affairs Team which occur in the course of providing
Services;

 

		(B)	any of the Products; and/or

 

		(C)	any of the work performed by the Medical Affairs Team for the Client; and

 

		(2)	it will indemnify CRC, its Related Bodies Corporate and associated entities and the Medical Affairs Team against any Claim
which may be made against CRC, its Related Bodies Corporate or associated entities, or the Medical Affairs Team, respectively to
the extent such Claim arises in connection with either the Services or those matters specified in clause 6.4(a)(1),

 

except where such Claim is determined to have resulted
solely from the negligence or wilful misconduct of CRC.

 

		(b)	For the avoidance of doubt, CRC, its Related Bodies Corporate and associated entities, or their respective directors, officers,
employees and agents, will not be liable in any way for any losses which are determined to have resulted solely from the negligence
or wilful misconduct of the Client, its Related Bodies Corporate or associated entities or their respective directors, officers,
employees and agents.

 

		7.	Invoicing and payment

 

		(a)	CRC will render invoices for the:

 

		(1)	Services rendered, in accordance with the payment schedule set out in the Statement of Works; and

 

		(2)	expenses contemplated by clause 2.4 on a monthly basis in arrears.

 

		(b)	The Client agrees to pay these invoices within 30 days of the date of such invoices.

 

		(c)	Payments made after their due date will incur a late fee equal to 2.5% per month.

 

		8.	GST

 

		8.1	GST

 

		(a)	Unless expressly included, the consideration for the Services under or in connection with this Agreement does not include GST.

 

		(b)	If GST is imposed on any supply (or deemed supply) made under or in connection with this Agreement, then the consideration
for that supply is increased by an amount equal to the amount of that consideration multiplied by the rate at which GST is imposed
in respect of that supply.

 

		(c)	The recovery of any amount in respect of GST by a Party under this Agreement is subject to the issuing of a tax invoice or
adjustment note to the other Party in respect of the supply to which the GST relates.

 

    Page 9

     

    

 

		9.	Work, Health and Safety

 

		(a)	To the extent one or more Medical Affairs Team members may be on the Client’s premises during the Term, the Client agrees
that it will take all steps that are reasonably practicable to ensure that it provides safe systems of work and provides and maintains
plant and equipment and substances in a safe condition.

 

		(b)	The Client warrants that:

 

		(1)	its workplace complies with all workplace safety laws and regulations applicable to the State or Territory;

 

		(2)	the workplace (including access to and egress from the workplace) is safe and without risk to the health of any person; and

 

		(3)	each employee of the Client is given an effective job specific induction into its workplace, job-specific training and that
all potential hazards or risks are clearly identified, understood and controlled by the Client.

 

		(c)	The Client agrees that:

 

		(1)	under no circumstances will it require or allow any Medical Affairs Team members to enter any place on its premises that is
unsafe or potentially so;

 

		(2)	it will immediately inform CRC if and when a workplace incident occurs with respect to the Medical Affairs Team which is notifiable
to any scheme authority or regulator under the workplace laws or regulations of the relevant State or Territory; and

 

		(3)	in the event there is a notifiable workplace incident that occurs with respect to the Medical Affairs Team, it will notify
the relevant occupational health and safety authority as is required by the relevant legislation.

 

		10.	Term and Termination

 

		10.1	Term

 

		(a)	This Agreement commences on the Commencement Date and will continue, unless terminated in accordance with clause 10.2, until
the End Date, at which point it will terminate immediately without either Party being required to give notice to the other.

 

		(b)	Each Statement of Works commences on the SOW Commencement Date and will continue, unless terminated in accordance with clause
10.2, until the SOW End Date, at which point it will terminate immediately without either Party being required to give notice to
the other.

 

		10.2	Summary termination

 

Either Party may terminate this Agreement at any time
immediately and without notice if:

 

		(a)	the other Party commits any material breach in the performance and observance of their obligations under this Agreement and
that breach has not been remedied within 30 days after receiving a Dispute Notice from the Party seeking termination which identifies
and gives details of the breach. For avoidance of all doubt, clauses 5.2 and 7 are considered material terms under this clause
10.2; or

 

		(b)	an Insolvency Event occurs with respect to the other Party.

 

    Page 10

     

    

 

		10.3	Consequence of termination

 

Upon termination of this Agreement:

 

		(a)	each Statement of Works will also terminate automatically;

 

		(b)	the Client must pay CRC within 30 days of the date of an invoice provided by CRC for all work performed up to the effective
date of termination and (if applicable) reimburse any expenses that the Client is required to reimburse CRC under clause 2.4; and

 

		(c)	any obligations or rights under this Agreement intended to have effect after termination (including, without limitation, with
respect to the provision of any indemnity) survive termination of this Agreement and termination of this Agreement under clause
10 does not affect any accrued rights or remedies of either Party.

 

		11.	Confidential information

 

		11.1	Confidential Information to be kept confidential

 

Except as otherwise permitted under this Agreement,
during the Term and thereafter the Parties undertake and agree to treat all Confidential Information as confidential and to not
disclose the Confidential Information to any third party without the relevant Party’s prior written consent.

 

		11.2	Permitted disclosures

 

Each Party may disclose Confidential Information to:

 

		(a)	any person to the extent that such disclosure is necessary to the performance of this Agreement and the Party’s obligations
under this Agreement, provided such person is made aware of the confidential nature of the information;

 

		(b)	any of its legal or other professional advisors, auditors or other consultants where such person requires the information for
purposes of this Agreement or the Services or for the purpose of advising it in relation thereto; or

 

		(c)	the extent required to be produced by order of the Court, under the requirements of any applicable law, provided that the disclosing
Party notifies the other Party in writing of the full circumstances of the required disclosure and the Confidential Information
it proposes to disclose and consults with the other Party as to the form of the disclosure.

 

		11.3	Termination

 

The obligations of the Parties under this clause survive
the termination of this Agreement and Statements of Work.

 

		12.	IP

 

		(a)	Subject to clause 12(b) and payment of the Fees, all IP in the Deliverables will vest in the Client on creation.

 

		(b)	All IP in the CRC IP remain vested in CRC (or its licensors). To the extent any CRC IP is incorporated in to the Deliverables,
CRC grants to the Client a non-exclusive, nontransferable licence to use the CRC IP for the purpose of taking the benefit of this
Agreement the Deliverables.

 

		(c)	Nothing in this Agreement shall be interpreted to preclude CRC from using, developing, marketing, promoting or otherwise utilising
materials and resources that may be competitive with those prepared for the Client.

 

    Page 11

     

    

 

		13.	Communication

 

During the Term, regular verbal and written communications
will occur between CRC and the Client, as mutually agreed, to inform each other of new/updated information or intelligence relevant
to the Services performed, to review progress of key Deliverables and address issues in a timely manner as they arise and to provide
status updates relating to the Services.

 

		14.	Dispute Resolution

 

		14.1	Notice of dispute

 

If any Dispute arises in relation to this Agreement,
the party asserting that a Dispute has arisen must give the other party a Dispute Notice which:

		(a)	says that it is a Dispute Notice issued under clause 14.1 of this Agreement, and

 

		(b)	sets out:

 

		(1)	each thing or breach complained of;

 

		(2)	the outcome sought by the party giving the Dispute Notice;

 

		(3)	the things that the party giving the Dispute Notice thinks needs to be done in order to achieve that outcome; and

 

		(4)	the reasons that party thinks it should be entitled to that outcome.

 

		14.2	Dispute resolution

 

		(a)	If, within 7 days of a Dispute Notice being given (or within such further period as agreed in writing by the parties), the
parties have not agreed on either:

 

		(1)	a resolution or a course of action to adopt in order to resolve the Dispute; or

 

		(2)	the dispute resolution technique and procedures to be adopted in seeking to resolve the Dispute;

 

		(3)	the timetable for all steps in those procedures; and

 

		(4)	the selection and compensation of all independent persons required for such technique,

 

then the parties must immediately refer the dispute
to the ACDC for mediation. Each Party will have equal responsibility for the compensation of any mediator required for the conduct
of the ACDC mediation.

 

		(b)	The mediation must be conducted in accordance with the ACDC Guidelines which are operating at the time the matter is referred
to the ACDC. The terms of the ACDC Guidelines are incorporated into the terms of this Agreement.

 

		(c)	During the course of any mediation each party must be represented by a person having authority to agree to a resolution of
the dispute.

 

		14.3	Compliance with this clause is compulsory

 

Neither party to this Agreement may terminate this
Agreement or commence any court proceedings in relation to the Dispute unless:

 

    Page 12

     

    

 

		(a)	it has firstly complied with this clause 14, and the Dispute has not been settled within 30 days of the delivery of the relevant
Dispute Notice (or such other period as agreed to in writing by the parties); or

 

		(b)	the relevant party seeks urgent interlocutory relief or seeks to enforce a payment due under this Agreement.

 

		15.	General

 

		15.1	Governing Law

 

This Agreement is governed by the laws of New South
Wales. Each Party irrevocably submits to the exclusive jurisdiction of courts exercising jurisdiction in New South Wales and courts
of appeal from them in respect of any proceedings arising out of or in connection with this Agreement. Each Party irrevocably waives
any objection to the venue of any legal process in these courts on the basis that the process has been brought in an inconvenient
forum.

 

		15.2	Entire agreement

 

This Agreement states all the express terms of agreement
between the Parties in respect of its subject matter. It supersedes all prior discussions, negotiations, understandings and agreements
in respect of its subject matter. No Party has relied on any statement by another Party which is not expressly included in this
Agreement.

 

		15.3	Legal advice

 

The Parties acknowledge that each have had the opportunity
to obtain legal advice prior to entering into this Agreement.

 

		15.4	Severability

 

Every clause and sub-clause of this Agreement will,
where the context permits, be severable from every other.

 

		15.5	Invalidity and enforceability

 

		(a)	If any provision of this Agreement is invalid under the law of any jurisdiction, the provision is enforceable in that jurisdiction
to the extent that it is not invalid, whether it is in severable terms or not.

 

		(b)	Clause 15.5(a) does not apply where enforcement of the provision of this Agreement in accordance with that clause would materially
affect the nature or effect of the Parties’ obligations under this Agreement.

 

		15.6	Variation

 

A variation of any term of this Agreement must be
in writing and signed by the Parties.

 

		15.7	Waiver

 

No Party to this Agreement may rely on the words or
conduct of the other Party as a waiver of any right unless the waiver is in writing and signed by the Party granting the waiver.

 

		15.8	Counterparts

 

This Agreement may be executed in any number of counterparts.
All counterparts, taken together, constitute one instrument.

 

    Page 13

     

    

 

Schedule 1 – Agreement
Details

 

	Item	Description	Details
	1	Commencement Date	01/08/2017
	2	End Date	01/08/2020
	3	Amount of professional indemnity insurance required	$20,000,000
	4	Amount of public liability insurance required	$20,000,000
	5	Amount of products liability insurance required	$20,000,000

 

    Page 14

     

    

 

Schedule 2 – Statement
of Work

 

This Statement of Work is issued by Clinical Research Corporation
Pty Ltd (CRC) in accordance with the terms and conditions of the Medical Affairs Service Agreement between CRC and Glucose
Biosensor Systems (Greater China) Holdings Inc (Client), ABN 65 614 067 159, Level 7, 222 Clarence Street, Sydney
NSW 2000, dated 1s` August 2017.

 

	Background Summary	In preparation for launch of the glucose biosensor system in countries for which Glucose Biosensor Systems (Greater China) Holdings Inc has the license rights to distribute, market and sell, CRC will perform all required prelaunch medical affairs activities.
	Areas of Focus	
        [[Insert relevant area of focus for SOW, eg:

        1. Regulatory
        Affairs - Product Registration

        2. Market
        Access and reimbursement

        3. Clinical
        Affairs

        4. Medical
        Affairs

        5. Public
        Relations

        6. Consultants]

	SOW Commencement Date	[Insert
	End Commencement Date	[Insert
	Products	Glucose biosensor system
	Services	
        [To the extent a Statement of Works set out any goals or objectives
        of the Client, the Client acknowledges and agrees that CRC does not in anyway guarantee that those goals or objectives will be
        met, nor that the Fee or other payment will be contingent on such goals and objectives being met]

        [Insert

	CRC responsibilities	[Insert
	Client responsibilities	[Insert
	Key CRC Contact	
        Athena Kolivos, Head Medical Affairs

        Email: thena.kolivos@theiqgroup.com.au

        Phone: +61 2 8239 5415 I Mobile: +61 437 424 800

         

	Key Client Contact	
        Harry Simeonidis, President

        Email: harry.simeonidis@theiqgroup.com.au

        Phone: +61 2 8239 5410 I Mobile: +61 418 290 259

         

	CRC Team	
        ·Jimena
        Hurtado, General Manager. CRC

        ·Athena
        Kolivos, Head, Medical Affairs, CRC

        ·Niamh
        O’Reilly, Medical Communications Specialist, CRC

        ·Graziano
        Vaccarella Medical Affairs Commercial Partnerships Manager, CRC

        ·Kellie
        Ashton, Director, Marketing

        ·Karen
        Birner, Director Finance

        ·Amanda
        Jane Foglia, Director Human Capital

        ·External
        Consultants

	Total Fees	[Insert 
	Expenses	Pass through costs incurred (e.g. travel expenses such as airfares, accommodation) will be expenses additional to the Fees.  All expenses additional to the fee need to be approved by GBSG prior to incurring the expenses.
	Other terms	Not applicable

 

    Page 15

     

    

 

Statement of Work Signing Page

 

Signed for and on behalf of Clinical Research Corporation
Pty Ltd:

 

	 	 	 
	Authorised representative	 	Witness
	 	 	 
	 	 	 
	Name of Witness (print)	 	Name of Witness (print)
	 	 	 
	 	 	 
	Date	 	 

 

Accepted for and on behalf of Glucose Biosensor Systems (Greater
China) Holdings Inc:

 

	 	 	 
	Authorised representative	 	Witness
	 	 	 
	 	 	 
	Name of Witness (print)	 	Name of Witness (print)
	 	 	 
	 	 	 
	Date	 	 

 

    Page 16

     

    

 

Master Service Agreement Signing page

 

Executed as an Agreement

 

	 	Signed for
	 	Glucose Biosensor Systems (Greater China) Holdings Inc
	 	by its representative
	 	 	 
	sign here ►	 	 
	 	Representative	 
	 	 	 
	 	 	 
	print name	 	 
	 	 	 
	 	in the presence of	 
	 	 	 
	sign here ►	 	 
	 	Witness	 
	 	 	 
	 	 	 
	print name	 	 

 

 

	 	Signed for
	 	Clinical Research Corporation Pty Ltd

	 	by its representative
	 	 	 
	sign here ►	 	 
	 	Representative	 
	 	 	 
	 	 	 
	print name	 	 
	 	 	 
	sign here ►	 	 
	 	Witness	 
	 	 	 
	 	 	 
	print name	 	 

 

    Page 17

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00298-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00298-of-00352.parquet"}]]