Document:

Exhibit 10.17

 

 

 

 

 

 

 

 

MYFIZIQ
LIMITED

ACN
602 857 983

(Company)

 

and

 

THE
PARTY IDENTIFIED IN ITEM 1 OF SCHEDULE 1

(Investor)

 

 

 

 

 

 

CONVERTIBLE
NOTE SUBSCRIPTION DEED

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

     

     

    

 

T
A B L E O F C O N T E N T S

 

	1.	DEFINITIONS
    AND INTERPRETATION	1
	 	1.1	Definitions	1
	 	1.2	Interpretation	5
	 	1.3	Business Day	6
	 	1.4	References to the calculation
    of time	6
	 	1.5	Fractional entitlements	6
	 	 	 	 
	2.	SUBSCRIPTION
    FOR NOTES	6
	 	2.1	Application	6
	 	2.2	Subscription	6
	 	2.3	Issue	7
	 	2.4	Acknowledgements	7
	 	 	 	 
	3.	GENERAL
    TERMS	7
	 	3.1	Status of Notes	7
	 	3.2	Acknowledgment of indebtedness	8
	 	3.3	Notes are unlisted	8
	 	3.4	Notes are unsecured	8
	 	3.5	Acknowledgment as to Terms	8
	 	 	 	 
	4.	INTEREST	8
	 	4.1	Calculation of interest	8
	 	4.2	Payment of interest	8
	 	 	 	 
	5.	REPAYMENT	9
	 	5.1	Repayment	9
	 	5.2	Payment arrangements	9
	 	5.3	Obligations cease	9
	 	5.4	Cancellation of Notes	9
	 	 	 	 
	6.	CONVERSION	9
	 	6.1	Automatic conversion following
    a NASDAQ Listing	9
	 	6.2	Allotment, quotation and ranking
    of shares	10
	 	6.3	Satisfaction of Company’s
    obligations	11
	 	 	 	 
	7.	WARRANTIES	11
	 	7.1	Mutual Warranties	11
	 	7.2	Investor Warranties	11
	 	7.3	Noteholder Warranties	12
	 	 	 	 
	8.	ADDITIONAL
    ENTITLEMENTS: ANTI-DILUTION	12
	 	8.1	Reconstructions	12
	 	8.2	Calculation of adjustments	13
	 	8.3	General	13
	 	 	 	 
	9.	TRANSFER
    OF NOTES	13
	 	9.1	Entitlements and restrictions	13
	 	9.2	Procedure	13
	 	9.3	Recognition of transferees	14
	 	 	 	 
	10.	REGISTER
    OF NOTEHOLDERS	14
	 	10.1	Register of Noteholders	14
	 	10.2	Recognition of Registered
    Noteholder	14
	 	10.3	Issue and Replacement of Note
    Certificates	15

 

    i

     

    

 

	11.	UNDERTAKINGS
    BY THE COMPANY	15
	 	11.1	General Undertakings	15
	 	11.2	Negative covenants	16
	 	11.3	General notices to Noteholder	16
	 	11.4	Attendance at shareholders
    meetings	16
	 	 	 	 
	12.	DEFAULT	17
	 	12.1	Event of Default	17
	 	12.2	Noteholder’s powers
    on default	18
	 	 	 	 
	13.	CONFIDENTIALITY	18
	 	13.1	Non-disclosure	18
	 	13.2	Permitted disclosure	18
	 	 	 	 
	14.	NOTICES	19
	 	14.1	Form of notice	19
	 	14.2	Means of giving notices	19
	 	14.3	Specified address for service	19
	 	14.4	Change of Address	19
	 	14.5	Receipt of notices	20
	 	 	 	 
	15.	MEETINGS
    OF NOTEHOLDERS	20
	 	 	 
	16.	MISCELLANEOUS	20
	 	16.1	Amendments	20
	 	16.2	Taxes and withholdings	20
	 	16.3	Further assurance	20
	 	16.4	Governing law	20
	 	16.5	Costs and duty	21
	 	16.6	Severance	21
	 	16.7	Entire Agreement	21
	 	16.8	Counterparts	21
	 	 	 	 
	SCHEDULE
    1 – INVESTOR PARTICULARS	23
	 	 
	SCHEDULE
    2 – FORM OF NOTE CERTIFICATE	24

 

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THIS
DEED is made the 28th day of May 2020

 

B
E T WE E N

 

MYFIZIQ
LIMITED (ACN 602 857 983) of Suite 5, 71-73 South Perth Esplanade, South Perth WA 6151 (Company);

 

AND

 

THE PARTY
IDENTIFIED IN ITEM 1 OF SCHEDULE 1 (Investor).

 

R
E CI TA LS

 

		A.	The
Investor has agreed to advance the Subscription Funds to the Company upon the terms and conditions contained in this Deed.

 

		B.	The
Company has agreed to issue the Notes with a face value of $1.00 per Note (Face Value) on the terms set out in this Deed.

 

		C.	The
Company enters into this Deed in favour of the Investor and each Noteholder from time to time.

 

		D.	The
Company intends to constitute and issue the Notes pursuant to this Deed and on the terms and conditions of this Deed.

 

IT
IS AGREED as follows:

 

		1.	DEFINITIONS
AND INTERPRETATION

 

		1.1	Definitions

 

In
this Deed:

 

ADR
means an American Depository Receipt.

 

Associated
Capitalised Interest means, in relation to a Note, all interest (and interest on interest) accrued on the Note but, for the avoidance
of doubt, does not include any interest which previously has been converted into Shares in accordance with clause 6.

 

ASX
means ASX Limited or the Australian Securities Exchange, as the context requires.

 

Business
Day means a day that is not a Saturday, Sunday or public holiday in Perth, Western Australia.

 

Conversion
Date means the date determined by the Company, which date must be:

 

		(a)	where
practicable: the date on which Shares (or ADRs representing a Share) are issued under the capital raising undertaken in connection with
the NASDAQ Listing; or

 

		(b)	where
it is not practicable for the Conversion Date to be the date specified in paragraph (a) above: as soon as reasonable practicable after
the NASDAQ Listing has occurred or the Maturity Date (whichever comes first).

 

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Conversion
Price means the higher of:

 

		(a)	75%
                                            of the issue price per Share (or the total issue price for the number ADRs representing a
                                            Share) under the capital raising undertaken in connection with the NASDAQ Listing; and

 

		(b)	US$1
                                            per Share.

 

Conversion
Shares has the meaning give in clause 6.1.

 

Deed
means the deed constituted by this document and includes the recitals.

 

Event
of Default means any of the events set out or referred to in this document as an Event of Default.

 

Face
Value has the meaning in Recital B.

 

Financial
Indebtedness means any indebtedness, present or future, actual or contingent, in respect of moneys borrowed or raised in any financial
accommodation whatever including, without limitation, under or in respect of any overdraft facility, bill, bond, note, certificate of
deposit, transferable or negotiable instrument, acceptance, Guarantee, redeemable or repurchasable share or stock, discounting arrangement,
finance lease, swap, option, futures contract or analogous transaction, put option, hire purchase, deferred purchase price (for more
than 90 days) of any asset or service, or any obligation to deliver goods or provide services paid for in advance by any financier or
in connection with any other financing transaction.

 

Group
means the Company and each of its related bodies corporate (as that term is defined in the Corporations Act).

 

Guarantee
means any guarantee, indemnity, letter of credit or letter of comfort which gives rise to legal liabilities, whether of suretyship
or otherwise, or any other obligation (whatever called and of whatever nature):

 

		(a)	to
                                            pay, to purchase, to provide funds (whether by way of advance of money, the purchase of or
                                            subscription for, shares or other securities, the purchase of assets, rights or services
                                            or otherwise) for the payment or discharge of;

 

		(b)	to
                                            indemnify against the consequences of default in the payment of; or

 

		(c)	otherwise
                                            to be responsible for,

 

any
obligation or indebtedness, any dividend, capital or premium on shares or stock, or the insolvency or financial condition of any other
person.

 

Interest
Period means, in respect of a Note:

 

		(a)	in
                                            relation to the first Interest Period for a Note: the period commencing on the applicable
                                            Subscription Date for that Note and ending on the end of the Quarter in which that Subscription
                                            Date occurs;

 

		(b)	in
                                            relation to any subsequent Interest Period (other than the final Interest Period): a period
                                            ending on the end of each Quarter after the last mentioned date in (a) above; and

 

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		(c)	in
                                            relation to the final Interest Period for a Note (being the Interest Period during which
                                            the Note is either converted or repaid in accordance with the Terms): a period which commences
                                            on the next day after the final day of the penultimate Interest Period and ending on the
                                            day prior to the date of conversion or repayment.

 

Interest
Rate means 10% per annum.

 

Listing
Rules means the Listing Rules of the ASX.

 

Material
Adverse Change means any event or circumstance or series of events or circumstances which alone or together have a Material Adverse
Effect.

 

Material
Adverse Effect means a material adverse effect on the Company’s ability to perform and comply with its obligations under the
Notes or on a Noteholder’s rights under them.

 

Maturity
Date means 30 June 2021.

 

NASDAQ
means the NASDAQ Stock Market.

 

NASDAQ
Listing means the Company announcing that NASDAQ has provided confirmation to the Company that it has approved the Company’s
application for admission to NASDAQ, subject only to conditions that the Company reasonably believes it can satisfy.

 

Note
Certificate means a certificate in the form set out in Schedule 2 and issued to a Noteholder in respect of a Note held by it for
the time being.

 

Noteholder
means any person who is or, if more than one, the several persons who are, for the time being the holder or holders of a Note.

 

Notes
means the Tranche 1 Notes, the Tranche 2 Notes, the Tranche 3 Notes and the Tranche 4 Notes.

 

PCAOB
means the Public Company Accounting Oversight Board.

 

Professional
Investor means a professional investor for the purposes of section 708(11) of the Corporations Act.

 

Quarter
means each period of 3 months ending on either 31 March, 30 June, 30 September or 31 December.

 

Register
of Noteholders means the Register of Noteholders maintained by the Company in accordance with clause 10.1(a).

 

Repayment
Date means:

 

		(a)	where
                                            a NASDAQ Listing occurs prior to the Maturity Date: the Maturity Date; and

 

		(b)	where
                                            a NASDAQ Listing does not occur prior to the Maturity Date: 30 June 2021.

 

Share
means a fully paid ordinary share in the capital of the Company.

 

Shareholder
means a holder of Shares.

 

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Sophisticated
Investor means a sophisticated investor for the purposes of section 708(8) of the Corporations Act.

 

Subscription
Date means:

 

		(a)	for
                                            the Tranche 1 Notes: the Tranche 1 Subscription Date;

 

		(b)	for
                                            the Tranche 2 Notes: the Tranche 2 Subscription Date;

 

		(a)	for
                                            the Tranche 3 Notes: the Tranche 3 Subscription Date; and

 

		(b)	for
                                            the Tranche 4 Notes: the Tranche 4 Subscription Date.

 

Subscription
Funds means the amount specified in Schedule 1.

 

Terms
means this Deed and includes any document executed in pursuance of it.

 

Tranche
1 Notes means the Notes:

 

		(a)	to
                                            be issued on the Tranche 1 Subscription Date in accordance with clause 2.3; and

 

		(b)	with
                                            an aggregate Face Value equal to the Tranche 1 Subscription Amount.

 

Tranche
2 Notes means the Notes:

 

		(a)	to
                                            be issued on the Tranche 2 Subscription Date in accordance with clause 2.3; and

 

		(b)	with
                                            an aggregate Face Value equal to the Tranche 2 Subscription Amount.

 

Tranche
3 Notes means the Notes:

 

		(a)	to
                                            be issued on the Tranche 3 Subscription Date in accordance with clause 2.3; and

 

		(b)	with
                                            an aggregate Face Value equal to the Tranche 3 Subscription Amount.

 

Tranche
4 Notes means the Notes:

 

		(a)	to
                                            be issued on the Tranche 4 Subscription Date in accordance with clause 2.3; and

 

		(b)	with
                                            an aggregate Face Value equal to the Tranche 4 Subscription Amount.

 

Tranche
1 Subscription Amount means $225,000. 

 

Tranche 2 Subscription Amount means $450,000.

 

Tranche 3 Subscription Amount means
$450,000. 

 

Tranche 4 Subscription Amount means $375,000.

 

Tranche
1 Subscription Date means the date that is 14 days after the date of execution of this Deed.

 

    4

     

    

 

Tranche
2 Subscription Date means the date that is 30 days from the date of commencement of the PCAOB audit by the Company by an PCAOB approved
auditor.

 

Tranche
3 Subscription Date means the date that is two weeks from the date that the Company files a Registration Statement (Form F-1) with
the Securities and Exchange Commission in relation to the NASDAQ Listing.

 

Tranche
4 Subscription Date means the date that is two weeks from the date that the Company engages an underwriter or an investment bank
to provide services in connection with the NASDAQ Listing.

 

Transaction
Documents means:

 

		(a)	these
                                            Terms;

 

		(b)	each
                                            Note;

 

		(c)	each
                                            document, agreement or instrument entered into under, pursuant to or for the purposes of
                                            anything in paragraphs (a) or (b).

 

		1.2	Interpretation

 

In
this Deed:

 

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

 

		(b)	specifying
anything after the words “include” or “for example” or similar expressions does not limit what else is included,
and, unless the context otherwise requires:

 

		(c)	the
                                            expression person includes an individual, the estate of an individual, a corporation,
                                            an authority, an association or joint venture (whether incorporated or unincorporated), a
                                            partnership and a trust;

 

		(d)	a
                                            reference to any party includes that party’s executors, administrators, successors
                                            and permitted assigns, including any person taking by way of novation;

 

		(e)	a
                                            reference to any document (including this Deed) is to that document as varied, novated, ratified
                                            or replaced from time to time;

 

		(f)	a
                                            reference to any statute or to any statutory provision includes any statutory modification
                                            or re-enactment of it or any statutory provision substituted for it, and all ordinances,
                                            by-laws, regulations, rules and statutory instruments (however described) issued under it;

 

		(g)	words
                                            importing the singular include the plural (and vice versa) and words indicating a gender
                                            include every other gender;

 

		(h)	reference
                                            to parties, clauses, Schedules or Annexures are references to parties, clauses, Schedules
                                            and Annexures to or of this Deed and a reference to this Deed includes any Schedule or Annexure
                                            to this Deed;

 

		(i)	where
                                            a word or phrase is given a defined meaning, any other part of speech or grammatical form
                                            of that word or phrase has a corresponding meaning;

 

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		(j)	other
                                            parts of speech and grammatical forms of a word or phrase defined in this deed have a corresponding
                                            meaning; and

 

		(k)	a
                                            reference to $ or dollar is to the currency of the United States of America.

 

		1.3	Business
Day

 

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 preceding Business Day.

 

		1.4	References
to the calculation of time

 

		(a)	Unless
                                            the context otherwise requires a reference to a time of day means that time of day in Western
                                            Australia.

 

		(b)	For
                                            the purposes of determining the length of a period (but not its commencement) a reference
                                            to:

 

		(i)	a
day means a period of time commencing at midnight and ending 24 hours later; and

 

		(ii)	a
month means a calendar month.

 

		(c)	Where
                                            a period of time is specified and dates from a given day or the day of an act or event it
                                            must be calculated exclusive of that day.

 

		1.5	Fractional
entitlements

 

Fractional
entitlements to Conversion Shares will be rounded up to the nearest whole number.

 

		2.	SUBSCRIPTION
FOR NOTES

 

		2.1	Application

 

The
Investor agrees to purchase the Notes, and the Company agrees to issue the Notes to the Investor, in accordance with this Deed.

 

		2.2	Subscription

 

The
Investor must advance:

 

		(a)	the
                                            Tranche 1 Subscription Amount to the Company on the Tranche 1 Subscription Date;

 

		(b)	the
                                            Tranche 2 Subscription Amount to the Company on the Tranche 2 Subscription Date;

 

		(c)	the
                                            Tranche 3 Subscription Amount to the Company on the Tranche 3 Subscription Date; and

 

		(d)	the
                                            Tranche 4 Subscription Amount to the Company on the Tranche 4 Subscription Date,

 

in
immediately available funds to an account nominated by the Company.

 

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		2.3	Issue

 

Subject
to receipt of the applicable Subscription Amount in accordance with clause 2.2, the Company must do each of the following on the applicable
Subscription Date:

 

		(a)	issue
                                            the relevant Notes to the Investor;

 

		(b)	deliver
                                            a Note Certificate for the relevant Notes to the Investor in accordance with clause 10.3(a);
                                            and

 

		(c)	ensure
                                            the Investor is registered as the holder of the relevant Notes in the applicable Register.

 

		2.4	Acknowledgements

 

		(a)	The
                                            Investor acknowledges that no prospectus, offer information statement, product disclosure
                                            statement or other form of disclosure document (as defined in Chapter 6D of the Corporations
                                            Act) has been prepared for lodgement or will be lodged with the Australian Securities and
                                            Investments Commission or any other government agency in connection with the Deed or the
                                            issue of Notes.

 

		(b)	The
                                            Investor acknowledges and agrees that the Company may issue up to an additional $1,500,000
                                            worth of convertible notes to other investors:

 

		(i)	on
                                            substantially the same terms and conditions as these Terms (including conversion rights and
                                            rights to interest); and

 

		(ii)	ranking
                                            equally with the Notes in terms of repayment.

 

		3.	GENERAL
TERMS

 

		3.1	Status
of Notes

 

		(a)	Each
                                            Note is issued at the Face Value.

 

		(b)	Each
                                            Note may be:

 

		(i)	automatically
                                            converted into Conversion Shares pursuant to clause 6.1; or

 

		(ii)	repaid
                                            in cash pursuant to clause 5.

 

		(c)	A
                                            Note does not confer on the Noteholder any entitlement to:

 

		(i)	attend
                                            or vote at a general meeting of Shareholders;

 

		(ii)	receive
                                            dividends; or

 

		(iii)	participate
                                            in any rights issue, bonus issue or other equivalent offer or invitation of Shares or other
                                            securities to the holders of Shares,

 

other
than after the issue of Conversion Shares pursuant to clause 6.

 

    7

     

    

 

		(d)	The
                                            Notes may only be transferred with the prior written consent of the Company, which the Company
                                            can provide or withhold at its absolute discretion.

 

		3.2	Acknowledgment
of indebtedness

 

The
Company acknowledges that on and from the relevant Subscription Date of each Note and at all times before the Note is converted or repaid
in accordance with the Terms, it will be indebted to the relevant Noteholder to the extent of the Face Value of that Note.

 

		3.3	Notes
are unlisted

 

The
Company does not intend to list the Notes for quotation on ASX, NASDAQ or any other stock exchange and it is not obliged to do so.

 

		3.4	Notes
are unsecured

 

The
Notes are unsecured.

 

		3.5	Acknowledgment
as to Terms

 

		(a)	The
                                            Company acknowledges that the Investor at the date of these Terms applied for the issue of
                                            the Notes on the condition that the Notes would be issued on these Terms.

 

		(b)	The
                                            Investor by its subscription for, or subsequent purchase of, Notes is taken to have agreed
                                            to be bound by these Terms and must comply with all of its obligations under these Terms.

 

		4.	INTEREST

 

		4.1	Calculation
of interest

 

		(a)	Interest
                                            is payable from the date of issue of each Note until (and including):

 

		(i)	where
                                            (and to the extent that) the Note is converted in accordance with clause 6: of the Note;
                                            and

 

		(ii)	where
                                            (and to the extent that) the Note is not converted: the date on which the Note is repaid
                                            in full.

 

		(b)	The
                                            amount of interest payable on each Note in any period under these Terms:

 

		(i)	accrues
                                            daily; and

 

		(ii)	will
                                            be calculated at the Interest Rate on the Face Value for the number of days in the Interest
                                            Period.

 

		4.2	Payment
of interest

 

		(a)	Interest
                                            must be paid by the Company to the Noteholder in respect of each Note:

 

		(i)	where
                                            the Note is converted in accordance with clause 6: on the Conversion Date of the Note by
                                            way of the issue to the Noteholder
of Shares in respect of the Associated Capitalised Interest; or

 

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		(ii)	otherwise:
                                            on the Repayment Date.

 

		(b)	All
                                            accrued interest that has not been paid under this clause 4 or converted under clause 6 must
                                            be paid on the repayment of a Note, whether or not the Note is converted.

 

		(c)	Unless
                                            other arrangements are made between a Noteholder and the Company, interest will be paid by
                                            the Company to a bank account nominated by the Noteholder in writing to the Company (or such
                                            other means as the Noteholder and the Company may agree).

 

		5.	REPAYMENT

 

		5.1	Repayment

 

In
the event that a NASDAQ Listing has not occurred by the Maturity Date, on the Repayment Date the Company must pay to the Noteholder the
Face Value of the Note and Associated Capitalised Interest.

 

		5.2	Payment
arrangements

 

		(a)	Unless
                                            other arrangements are made between the Noteholder and the Company, the Face Value and all
                                            Associated Capitalised Interest on each Note will be paid to a bank account nominated by
                                            the Noteholder in writing to the Company (or such other means as the Noteholder and the Company
                                            may agree).

 

		(b)	The
                                            Company need not make a payment to a Noteholder pursuant to this clause unless the Noteholder
                                            surrenders to the Company the Note Certificate for the relevant Note. The procedure set out
                                            in clause 10.3 for the replacement of lost Note Certificates may be followed in respect of
                                            any lost Note Certificates.

 

		5.3	Obligations
cease

 

Upon
the payment of all amounts owing to a Noteholder the obligations in connection with a Note of the Company in respect of the relevant
Note will be extinguished.

 

		5.4	Cancellation
of Notes

 

All
Notes repaid by the Company must be cancelled and cannot be re-issued.

 

		6.	CONVERSION

 

		6.1	Automatic
conversion following a NASDAQ Listing

 

Where
a NASDAQ Listing occurs prior to the Maturity Date, all of the Notes and Associated Capitalised Interest will be automatically converted
into Shares (or ADRs representing Shares) at the applicable Conversion Price (Conversion Shares) in accordance with this clause
6.

 

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		6.2	Allotment,
quotation and ranking of shares

 

		(a)	Each
Share issued upon conversion of a Note and Associated Capitalised Interest under this clause 6 must:

 

		(i)	be
                                            allotted and issued within 5 Business Days after the Conversion Date; and

 

		(ii)	rank
                                            equally with, and have all rights, benefits and obligations identical with, the existing
                                            Shares.

 

		(b)	Promptly
                                            after each allotment the Company will apply to NASDAQ and ASX (if applicable) for the quotation
                                            of the Conversion Shares.

 

		(c)	Within
                                            5 Business Days after the allotment and issue of any Shares under clause 6.2(a), the Company
                                            will (if required) give ASX a notice that complies with section 708A(5)(e) of the Corporations
                                            Act, or, if the Company is unable to issue such a notice, lodge with the Australian Securities
                                            and Investments Commission a prospectus prepared in accordance with the Corporations Act
                                            and do all things necessary to satisfy section 708A(11) of the Corporations Act to ensure
                                            that a sale of the Shares does not require disclosure to investors.

 

		(d)	Where
                                            Conversion Shares are to be held in certificated form, the Company must promptly after each
                                            allotment in accordance with its Constitution issue a share certificate to the Noteholder
                                            in the same manner as notices are to be given to it.

 

		(e)	Where:

 

		(i)	Conversion
                                            Shares are to be held in uncertificated mode; and

 

		(ii)	the
                                            Company and the Noteholder participate in any computerised or electronic system for market
                                            settlement, securities transfer and registration conducted in accordance with the law and
                                            the relevant rules of NASDAQ and ASX (if applicable),

 

the
Company must within 10 Business Days of the Conversion Date effect the issue to the Noteholder of the Conversion Shares to which to the
Noteholder is entitled in a manner required or permitted by the applicable law and rules applying in relation to that system.

 

		(f)	If
                                            a Noteholder incurs a liability (whether alone or together with others) to pay stamp duty
                                            on the issue to the Noteholder of Shares to which the Noteholder is entitled on conversion
                                            of the Note and Associated Capitalised Interest, the Company must at its own expense and
                                            without recourse to the Noteholder discharge that liability and pay that stamp duty (including
                                            any interest, penalty, fine, charge, fee or other amount in respect of stamp duty) provided
                                            that the Company will not in any event be liable in respect of any other tax to which the
                                            Noteholder or any other person is or may be liable as a result of conversion of Notes, issue
                                            of Shares to the Noteholder on such conversion or the payment by the Company of stamp duty
                                            under this clause 6.2(f).

 

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		6.3	Satisfaction
of Company’s obligations

 

The
issue of Conversion Shares in accordance with this clause 6 operates in satisfaction of the Company’s obligation to repay the Face
Value of the Notes and Associated Capitalised Interest converted into those Conversion Shares.

 

		7.	WARRANTIES

 

		7.1	Mutual
Warranties

 

Each
of the Company and the Investor (each, a Warrantor) represents and warrants to the other, as an inducement to the other to enter
into this Deed that, at the date of this Deed:

 

		(a)	the
                                            execution and delivery of this Deed has been properly authorised by all necessary corporate
                                            action of the Warrantor;

 

		(b)	the
                                            Warrantor has full power and lawful authority to execute and deliver this Deed and to consummate
                                            and perform or cause to be performed its obligations under this Deed; and

 

		(c)	this
                                            Deed constitutes a legal, valid and binding obligation on the Warrantor enforceable in accordance
                                            with its terms by appropriate legal remedy.

 

		7.2	Investor
Warranties

 

In
addition to the warranties given under clause 7.1, the Investor represents and warrants to the Company as an inducement to the Company
to enter into this Deed that, at the date of this Deed:

 

		(a)	if
                                            a resident of Australia, it is a Sophisticated Investor or Professional Investor, or is otherwise
                                            a person who is able to be offered the Notes without disclosure under Chapter 6D of the Corporations
                                            Act, and will, on the request of the Company, promptly provide written evidence sufficient
                                            to satisfy the Company of the same;

 

		(b)	if
                                            a resident outside of Australia, it is a person to whom it is lawful to offer or issue the
                                            Notes and the Conversion Shares without a disclosure document (but who is not a “U.S.
                                            Person” under the Securities Act of 1933, or resident in the United States of America
                                            or in any other place in which it would not be lawful to offer or issue the Notes);

 

		(c)	the
                                            issue of Notes or the Conversion Shares does not require registration, qualification, disclosure
                                            or any other action by the Company in the jurisdiction in which the Investor is located or
                                            in which the offer of the Notes is received;

 

		(d)	it
                                            is aware of and accepts the risks relating to its subscription for the Notes under this Deed;
                                            and

 

		(e)	in
                                            deciding to subscribe for the Notes, it has:

 

		(i)	made
                                            and relies on its own enquiries and assessment of the Company, its business, operations and
                                            prospects;

 

		(ii)	made
                                            and relies on its own assessment of, and risks relating to, the Notes and an investment in
                                            the Company; and

 

    11

     

    

 

		(iii)	not
                                            relied on any representations or warranties made or given by or on behalf of the Company
                                            (or any of its directors, officers, employees, agents or advisers), other than as set out
                                            in this Deed.

 

		7.3	Noteholder
Warranties

 

By
accepting a transfer of Notes and agreeing to be entered onto the Register of Noteholders, each Noteholder represents and warrants to
the Company that, at the date of transfer of the Notes and the date of issue of any Conversion Shares to the Noteholder:

 

		(a)	if
                                            a resident of Australia, it is a Sophisticated Investor or Professional Investor, or is otherwise
                                            a person who is able to be offered Shares without disclosure under Chapter 6D of the Corporations
                                            Act, and will, on the request of the Company, promptly provide written evidence sufficient
                                            to satisfy the Company of the same;

 

		(b)	if
                                            a resident outside of Australia, it is a person to whom it is lawful to offer or issue the
                                            Conversion Shares without a disclosure document (but who is not a “U.S. Person”
                                            under the Securities Act of 1933, or resident in the United States of America or in any other
                                            place in which it would not be lawful to offer or issue the Notes);

 

		(c)	the
                                            issue of Conversion Shares does not require registration, qualification, disclosure or any
                                            other action by the Company in the jurisdiction in which the Investor is located or in which
                                            the offer of the Notes is received;

 

		(d)	it
                                            is aware of and accepts the risks relating to its subscription for Conversion Shares under
                                            these Terms; and

 

		(e)	in
                                            deciding to acquire the Notes, it has:

 

		(i)	made
                                            and relies on its own enquiries and assessment of the Company, its business, operations and
                                            prospects;

 

		(ii)	made
                                            and relies on its own assessment of, and risks relating to, the Notes and an investment in
                                            the Company; and

 

		(iii)	not
                                            relied on any representations or warranties made or given by or on behalf of the Company
                                            (or any of its directors, officers, employees, agents or advisers), other than as set out
                                            in this Deed.

 

		8.	ADDITIONAL
ENTITLEMENTS: ANTI-DILUTION

 

		8.1	Reconstructions

 

		(a)	In
                                            the event of a reconstruction of the capital of the Company prior to the Conversion Date
                                            by way of consolidation, subdivision, reduction, return, scheme of arrangement or otherwise
                                            (but other than by way of a bonus issue, rights issue or other security issue), a proportionate
                                            adjustment will be made to the number and issue price of Ordinary Shares to which each Noteholder
                                            is entitled upon conversion of the Notes so that:

 

		(i)	the
                                            value of each Note is not adversely affected by the reconstruction;

 

    12

     

    

 

		(ii)	the
                                            Noteholder is not conferred with any additional benefits which are not also conferred on
                                            the holders of Shares (subject to the same provisions with respect to rounding of entitlements
                                            as sanctioned by the meeting of holders of Shares approving the reconstruction of capital);
                                            and

 

		(iii)	subject
                                            to clause 8.1(b), in all other respects the terms for the conversion of the Notes shall remain
                                            unchanged.

 

		(b)	These
                                            Terms from time to time must be varied to the extent necessary to comply with the Listing
                                            Rules applying to a reorganisation of capital at the time of the reorganisation.

 

		8.2	Calculation
of adjustments

 

The
adjustments in clause 8.1 will be calculated by the relevant Noteholder in accordance with any applicable Listing Rules, acting reasonably,
which will be conclusive, in the absence of manifest error. The Noteholder must provide the Company with reasonable details of the manner
in which the adjustment was calculated within a reasonable time after being requested to do so by the Company.

 

		8.3	General

 

A
Note does not confer any rights to participate in new issues of Shares or other securities without converting that Note.

 

		9.	TRANSFER
OF NOTES

 

		9.1	Entitlements
and restrictions

 

Subject
to these Terms, with the consent of the Company, the Notes may be freely transferred by an instrument in writing in common form or in
such other form as the Company may approve.

 

		9.2	Procedure

 

		(a)	Every
                                            instrument of transfer must be signed by the transferor and shall be signed also by the transferee
                                            unless complying with the provision of any law whereby such instrument is deemed to be so
                                            signed in the event of such compliance.

 

		(b)	Every
                                            instrument of transfer must be sent to the Company. The transfer must be accompanied by the
                                            relevant Note Certificate and evidence of the payment of any applicable stamp duty.

 

		(c)	Where
                                            an instrument of transfer is not accompanied by a Note Certificate because it is lost or
                                            destroyed, if the Company would be obliged to issue a replacement Note Certificate in accordance
                                            with these Terms, the instrument of transfer will be deemed to have been properly given on
                                            the date that it is received by the Company in accordance with these Terms.

 

		(d)	All
                                            instruments of transfer will be retained by the Company as will the surrendered Note Certificate.

 

		(e)	No
                                            transfer will be effected during the five Business Days (or such shorter period as the Company
                                            may decide) immediately preceding the Repayment Date of the relevant Note.

 

    13

     

    

 

		(f)	Subject
                                            to any direction on an instrument of transfer, the Company may retain the amount owing and
                                            any interest payable upon any Note which is the subject of any transfer notice given to the
                                            Company within the period specified in the preceding clause until the specified transferee
                                            is registered as the holder of the Note and payment can be made to that transferee.

 

		9.3	Recognition
of transferees

 

Each
Noteholder registered pursuant to a transfer will be recognised by the Company as entitled to its Notes free from any equity set off
or cross claim on the part of the Company against the original or any intermediate holder of the Notes.

 

		10.	REGISTER
OF NOTEHOLDERS

 

		10.1	Register
of Noteholders

 

		(a)	The
                                            Company must establish and maintain a Register of Noteholders at its registered office or
                                            at such other place permitted by the Corporations Act as the Company may determine. The Company
                                            may establish and maintain a branch Register of Noteholders at such places permitted by the
                                            Corporations Act as the Company may determine.

 

		(b)	There
                                            must be entered on the Register of Noteholders the names and addresses of each Noteholder
                                            and the number and tranche of Notes held by it.

 

		(c)	Each
                                            Noteholder must promptly notify the Company of any change of its name or registered address
                                            accompanied, in the case of change of name, by such evidence as the Company may reasonably
                                            require. The Register of Noteholders must be altered accordingly.

 

		(d)	Notes
                                            will be transferred by the Company between registered Noteholders without charge on the written
                                            request of a Noteholder subject to the payment by the Noteholder of any stamp duty involved.

 

		(e)	The
                                            Register of Noteholders will open during normal business hours for inspection by the Noteholders
                                            and as required by the Corporations Act.

 

		10.2	Recognition
of Registered Noteholder

 

		(a)	Subject
                                            to clause 9.2(e), the Company will only recognise the registered Noteholder as the owner
                                            of a Note referred to in the Note Certificate and is not bound to take notice or see to the
                                            execution of any trust whether express implied or constructive to which any Note may be subject.

 

		(b)	The
                                            payment to the registered Noteholder of the interest payable on a Note and of any other moneys
                                            payable upon a Note shall be a good discharge for the Company notwithstanding any notice
                                            it may have whether express or otherwise of the right title or interest of any other person
                                            to or in the Notes or such moneys.

 

		(c)	If
                                            several persons are entered in the Register as joint holders of any Notes then the payment
                                            to any one of such persons of any amount from time to time payable in respect of such Notes
                                            will be an effective discharge to the company for the moneys so paid.

 

    14

     

    

 

		10.3	Issue
and Replacement of Note Certificates

 

		(a)	The
                                            Company must, subject to payment of the relevant Subscription Amount under clause 2.2, issue
                                            to the Investor a Note Certificate in respect of the Notes represented by the relevant Subscription
                                            Amount subscribed by the Investor on each Subscription Date.

 

		(b)	A
                                            Note Certificate must be executed by the Company, its attorney or such other person authorised
                                            by the directors of the Company. Such execution may be a facsimile applied by mechanical
                                            means. Certificates may be pre-printed or photocopies.

 

		(c)	If
                                            any Note Certificate becomes worn out or defaced then upon its production to the company
                                            it may cancel the same and issue a new Note Certificate in lieu thereof.

 

		(d)	If
                                            any Note Certificate is lost or destroyed then upon proof thereof to the satisfaction of
                                            the Company and upon such indemnity and/or advertisement (if any) as the Company may require
                                            being given or published, a new Note Certificate in lieu thereof shall be given to the Noteholder.
                                            An entry as to the issue of such new Certificate and indemnity (if any) must be made in the
                                            Register of Noteholders. The cost of any advertisement and indemnity must be paid by the
                                            Noteholder.

 

		(e)	Any
                                            Note Certificate that is returned to the Company in connection with the conversion or transfer
                                            of any Notes must be cancelled by the Company when the conversion or transfer is recorded
                                            in the Register of Noteholders. A new Note Certificate must be issued to the transferee within
                                            10 Business Days of receipt of a valid transfer.

 

		(f)	Where
                                            the some but not all of the Notes specified in any Note Certificate that is cancelled in
                                            connection with the conversion of any Note, the Company must issue to the holder of the Note
                                            a Note Certificate in respect of the difference within ten Business Days from the date when
                                            the conversion is recorded in the Register of Noteholders.

 

		11.	UNDERTAKINGS
BY THE COMPANY

 

		11.1	General
Undertakings

 

The
Company undertakes to each Noteholder to:

 

		(a)	maintain
                                            status: maintain its status as a company limited by shares incorporated under the Corporations
                                            Act and not to transfer nor permit the transfer of its jurisdiction of incorporation outside
                                            Australia;

 

		(b)	comply
                                            with applicable laws: ensure that the Company and each member of the Group complies with
                                            all applicable laws (including without limitation all listing rules and requirements of any
                                            stock exchange);

 

		(c)	notify
                                            if representation and warranty is incorrect: notify the Noteholder immediately if any
                                            representation or warranty made or taken to be made by or on behalf of the Company in connection
                                            with the Transaction Documents or the Notes is found to be incorrect or misleading when made
                                            or taken to be made; and

 

    15

     

    

 

		(d)	comply
                                            with consent: comply on time with any conditions attaching to any approval or consent
                                            given by the Noteholder in connection with the Transaction Documents.

 

		11.2	Negative
covenants

 

The
Company undertakes to each Noteholder that it will not do any of the following until all of the Notes (together with [interest]) have
been repaid in full or converted into Shares in accordance with the terms of this Deed:

 

		(a)	dispose
                                            of assets: sell or otherwise dispose of any assets or a series of related assets having
                                            an aggregate value of not less than $1,000,000 except with the prior written approval of
                                            the Noteholder(s);

 

		(b)	no
                                            dividends or distributions: pay, make or declare any dividend or other distribution without
                                            the prior written approval of the Noteholder(s);

 

		(c)	capital
                                            restructuring: purchase its own shares, reduce its share capital, return capital to shareholders
                                            or in any other way restructure its capital, if in each case to do so would be likely to
                                            have a Material Adverse Effect (for the avoidance of doubt, this does not prevent the Company
                                            from issuing any securities where permitted to do so in accordance with its constitution,
                                            the Corporations Act and the Listing Rules);

 

		(d)	mergers:
                                            enter into any merger or consolidation or make any acquisition of any other entity, company
                                            or business or do anything which would have the effect that the Company or any other member
                                            of the Group was operating business or activity which was not within the course of, or directly
                                            connected with, a business carried on by it as at the date of this Deed;

 

		(e)	incur
                                            indebtedness: incur any Financial Indebtedness without the prior written approval of
                                            the Noteholder(s);

 

		(f)	investments:
                                            deposit or invest money in or with any person except in the ordinary course of the Company’s
                                            business and on ordinary commercial terms;

 

		(g)	alteration
                                            of constitution: cause or permit its Constitution to be amended or replaced without the
                                            prior written approval of the Noteholder(s); or

 

		(h)	change
                                            in business: take any action which constitutes or results in any material alteration
                                            to the nature of the Company’s business.

 

		11.3	General
notices to Noteholder

 

The
Company will send to the Noteholder a copy of all reports accounts, statements, notices and circulars issued to its members or any class
thereof at the same time as the same are dispatched to the members.

 

		11.4	Attendance
at shareholders meetings

 

Without
prejudice to the rights of Noteholder in their capacity as shareholders of the Company, the Company will permit the Noteholder to attend
but not to speak or vote at any general meeting of its members.

 

    16

     

    

 

		12.	DEFAULT

 

		12.1	Event
of Default

 

Notwithstanding
any previous delay or waiver approved by the Noteholder(s), it is an Event of Default if, whether or not it is within the control of
the Company:

 

		(a)	failure
                                            to pay: the Company fails to pay or repay any amount due by it under this Deed when due;

 

		(b)	non-remediable
                                            failure: the Company fails to perform or observe any other material undertaking, obligation
                                            or agreement expressed or implied in this Deed and that failure is not, in the reasonable
                                            opinion of the Investor, remediable;

 

		(c)	remediable
                                            failure: the failure described in clause 12.1(b) is, in the reasonable opinion of the
                                            Investor, remediable, and the Company does not remedy the failure within 21 days, or a longer
                                            period determined by the Investor, after receipt by the Company of a notice from the Investor
                                            specifying the failure;

 

		(d)	misrepresentation:
                                            any warranty, representation or statement by the Company is or becomes false, misleading
                                            or incorrect in a material respect when made or regarded as made by the Company under this
                                            Deed;

 

		(e)	judgment:
                                            a judgment in an amount exceeding $500,000 is obtained against the Company and is not set
                                            aside or satisfied within 7 days;

 

		(f)	execution:
                                            any distress, attachment, execution or other process of a government agency in an amount
                                            exceeding $500,000 is issued against, levied or enforced upon any of the assets of the Company;

 

		(g)	receiver:
                                            a receiver, receiver and manager, official manager, trustee, administrator or similar official
                                            is appointed, or steps taken for such appointment, over any of the assets or undertaking
                                            of the Company;

 

		(h)	insolvency:
                                            the Company is or becomes unable to pay its debts when they are due;

 

		(i)	arrangements:
                                            the Company enters into or resolves to enter into any arrangement, composition or compromise
                                            with, or assignment for the benefit of, its creditors or any class of them otherwise than
                                            while solvent and with the prior written consent of the Investor;

 

		(j)	administrator:
                                            an administrator is appointed, or a resolution is passed, or any steps are taken to appoint,
                                            or to pass a resolution to appoint, an administrator to the Company;

 

		(k)	winding
                                            up: an application or order is made for the winding-up or dissolution of the Company
                                            or a resolution is passed, or any steps are taken to pass a resolution for the winding-up
                                            or dissolution of the Company otherwise than for the purpose of an amalgamation or reconstruction
                                            which has the prior written consent of the Investor;

 

		(l)	deregistration:
                                            a notice under section 601AB of the Corporations Act is given to, or an application under
                                            section 601AA is made by, or in respect of the Company;

 

    17

     

    

 

		(m)	suspends
                                            payment: the Company suspends payment of its debts generally; or

 

		(n)	vitiation
of Deed:

 

		(i)	all
                                            or any part of any provision of this Deed is or becomes illegal, void, voidable, unenforceable
                                            or otherwise of limited force or effect; or

 

		(ii)	the
                                            execution, delivery and performance of this Deed by the Company violates, breaches or results
                                            in a contravention of any law, regulation or authorisation.

 

		12.2	Noteholder’s
powers on default

 

If
an Event of Default occurs, the Noteholder, or if more than one, a 75% majority of such Noteholders by agreement in writing, may then
or at any time subsequently by notice to the Company:

 

		(a)	declare
                                            all money owing under any of the Transaction Documents to be immediately due and payable,
                                            and the Company must immediately pay that money (including accrued interest and fees) and
                                            cash cover for the full amount of any money contingently owing under any of the Transaction
                                            Documents; and/or

 

		(b)	cancel
                                            their obligations (if any) under any of the Transaction Documents.

 

		13.	CONFIDENTIALITY

 

		13.1	Non-disclosure

 

All
information and other matters provided to or obtained by the Investor or any officer, employee, professional adviser or other consultant
of the Investor on a confidential basis:

 

		(a)	under,
                                            in connection with or related to this Deed; or

 

		(b)	in
                                            the performance of any obligation, duty or power of the Investor under this Deed,

 

(collectively
the "Information") is confidential to the Company and may not be disclosed to any person other than as set out in clause 13.2.

 

		13.2	Permitted
disclosure

 

Information
which is in the public domain is not required to be kept confidential. The Investor may disclose Information of the Company:

 

		(a)	to
                                            a professional adviser, manager, banker, financial adviser, financier or insurer of the discloser
                                            or to a committee of any of them, if disclosed on a confidential basis;

 

		(b)	to
                                            comply with any applicable law or the listing rules or similar rules from time to time of
                                            a stock exchange, whether as a result of a voluntary or involuntary act or omission of the
                                            discloser or otherwise;

 

		(c)	to
                                            enforce, conduct or defend a claim or proceeding; or

 

		(d)	with
                                            the prior written consent of the Company.

 

    18

     

    

 

		14.	NOTICES

 

		14.1	Form
of notice

 

A
notice:

 

		(a)	must
                                            be in the English language; and

 

		(b)	may
                                            be given on behalf of a person by a solicitor, director or company secretary of the person.

 

		14.2	Means
of giving notices

 

A
notice may be given to the addressee by:

 

		(a)	delivering
                                            it in writing to the street address of the addressee which includes placing it in a postal
                                            receptacle provided for the address or leaving it at the address with a person apparently
                                            of or over the age of 16 years;

 

		(b)	sending
                                            it by prepaid ordinary post (airmail if outside Australia) to the street address of the addressee;
                                            or

 

		(c)	sending
                                            it by email to the email address of the addressee.

 

Paragraphs
(a) to (c) inclusive do not apply to the giving of notices under any other clause of these Terms which expressly specifies the method
of giving notices under that other clause.

 

		14.3	Specified
address for service

 

		(a)	Until
                                            the Company gives notice of a change, its street address and email address is:

 

		Address:	Suite
5, 71-73 South Perth Esplanade, South Perth WA 6151 Email:vlado@myfiziq.com

 

		Attention:	Vlado
Bosanac, Chief Executive Officer

 

		(b)	Until
                                            the Investor gives notice of a change, the Investor’s notice details are
set out in Schedule 1.

 

		(c)	Until
                                            a Noteholder gives a notice of a change or an alternate address, their respective street
                                            addresses and email address will be as set out in the Register of Noteholders.

 

		14.4	Change
of Address

 

A
party may from time to time change its address by giving notice pursuant to clause 14.1:

 

		(a)	for
                                            a Noteholder: to the Company; and

 

		(b)	for
                                            the Company: to each Noteholder.

 

    19

     

    

 

		14.5	Receipt
of notices

 

Any
notice given pursuant to clause 14.1 will be conclusively deemed to have been received:

 

		(a)	in
                                            the case of personal delivery, on the actual day of delivery if delivered prior to 5 pm (Perth
                                            time) on a Business Day or on the next following Business Day if delivered after 5 pm (Perth
                                            time) on a Business Day or on a day other than a Business Day;

 

		(b)	if
                                            sent by mail, on the second clear Business Day after the day of posting; or

 

		(c)	if
                                            sent by email, on the day the email was sent by clear email.

 

		15.	MEETINGS
OF NOTEHOLDERS

 

The
Company or a Noteholder may convene and conduct a meeting of Noteholders in accordance with normal meeting practice. A representative
of the Company will chair the meeting unless the Noteholder (or if more than one, a majority of Noteholders) otherwise determines.

 

		16.	MISCELLANEOUS

 

		16.1	Amendments

 

The
Company may with the written authority of the Noteholder (or if more than one, the Noteholders by value) make any amendment or addition
to these Terms provided that:

 

		(a)	such
                                            amendment or addition complies with the Listing Rules; and

 

		(b)	all
                                            necessary steps prescribed by the Listing Rules (including, without limitation, all necessary
                                            approvals and meetings) have been taken in the time period prescribed by the Listing Rules.

 

		16.2	Taxes
and withholdings

 

The
Company must make any payments to be made to the Noteholder(s) free of all withholdings and deductions. [MYQ to confirm with tax advisers.]

 

		16.3	Further
assurance

 

Each
party shall sign, execute and do all deeds, acts, documents and things as may reasonably be required by the other party to effectively
carry out and give effect to the terms and intentions of this Deed.

 

		16.4	Governing
law

 

This
Deed and performance by the parties hereunder shall be governed by and construed exclusively in accordance with the laws of Western Australia.
Any and all actions, disputes or proceedings arising out of or relating to this Deed shall be subject to the exclusive and sole jurisdiction
and venue of the courts of Western Australia, and the parties hereto hereby submit themselves to the jurisdiction of such courts.

 

    20

     

    

 

		16.5	Costs
and duty

 

		(a)	All
                                            duty assessed on or in respect of this Deed shall be paid by the Company.

 

		(b)	The
                                            Company shall bear the legal costs of and incidental to the preparation, negotiation and
                                            execution of this Deed.

 

		16.6	Severance

 

If
any provision of this Deed is invalid and not enforceable in accordance with its terms, all other provisions which are self-sustaining
and capable of separate enforcement without regard to the invalid provision, shall be and continue to be valid and forceful in accordance
with their terms.

 

		16.7	Entire
Agreement

 

This
Deed shall constitute the sole understanding of the parties with respect to the subject matter and replaces all other agreements with
respect thereto.

 

		16.8	Counterparts

 

This
Deed may be executed in any number of counterparts (including by way of facsimile) each of which shall be deemed for all purposes to
be an original and all such counterparts taken together shall be deemed to constitute one and the same instrument.

 

Signing
page to follow

 

    21

     

    

 

EXECUTED
by the parties as a deed.

 

	EXECUTED by MYFIZIQ LIMITED 
 ACN 602 857 983
 in accordance with section 127 of the 
 Corporations Act 2001 (Cth):	 	) 

)

 ) 

)
	 	 	 
	Vlado Bosanac	 	/s/ Vlado Bosanac
	Name of director	 	Signature of Chief Executive Officer
	 	 	 
	Steven Richards	 	/s/ Steven Richards
	Name of signatory	 	Signature of Chief Financial Officer

 

*please
delete as applicable

 

	EXECUTED
    BY

    ASIA CORNERSTONE ASSET 

MANAGEMENT Co. Ltd.

    in accordance with its constituent 

documents and place of incorporation:	 	)

    )

    )

    )
	 	 	 
	Dato Sri Marcus Liew	 	/s/ Dato Sri Marcus Liew
	Signature of director	 	Signature of director/company
    secretary*
	 	 	 
	Ken
    Low	 	/s/
Ken Low
	Name of director	 	Name of director/company
    secretary*

 

*please
delete as applicable

 

    22

     

    

 

S
CH E D U LE 1 – IN VE S TO R P A R T IC UL AR S

 

	ITEM
    1 – INVESTOR
	Name:	ASIA
    CORNERSTONE ASSET MANAGEMENT Co. Ltd.,

    a
    company incorporated in Hong Kong

	Address:	Unit
    1605, 16 th / Floor, Saxon Tower, Lai Chi Kok, Hong Kong
	Email:	ml@acam.com.hk
    or ken@acam.com.hk

 

    23

     

    

 

S
CH E D U LE 2 – FOR M O F NO TE CE R T I F IC A TE

 

MYFIZIQ
LIMITED

ACN
602 857 983

(Company)

 

This
is to certify that the following is the registered holder of the following convertible notes issued by the Company (Notes).

 

	Name
    of Noteholder	ASIA
    CORNERSTONE ASSET MANAGEMENT Co. Ltd.
	Address
    of Noteholder	Unit
    1605, 16 th / Floor, Saxon Tower, Lai Chi Kok, Hong Kong
	Terms	The
    Notes are issued with the benefit of the rights and subject to the restrictions contained in the Convertible Note Subscription Deed
    between the Company and the Investor dated [insert] May 2020 (Deed).
	Number
    of Notes	[insert]
	Face
    Value	US$[1.00]
    per Note.
	Conversion
    Securities	To
    be determined in accordance with the Deed and the terms and conditions set out therein.

 

	Dated:	 
	 	 
	 	 
	Signed for and on behalf of	 
	MYFIZIQ
    LIMITED ACN 602 857 983	 

 

 

24Exhibit 10.18

 

MYFIZIQ LIMITED

ACN 602 857 983

(Company)

 

and

 

THE PARTY IDENTIFIED IN ITEM 1 OF SCHEDULE 1

(Investor)

 

 

 

CONVERTIBLE NOTE SUBSCRIPTION DEED

 

 

    	 

     

    

 

 

TABLE
OF CONTENTS 

 

 

	1.	DEFINITIONS AND INTERPRETATION 	1
	 	1.1	Definitions 	1
	 	1.2	Interpretation 	4
	 	1.3	Business
    Day 	5
	 	1.4	References
    to the calculation of time 	5
	 	1.5	Fractional
    entitlements 	5
	2.	SUBSCRIPTION FOR NOTES 	5
	 	2.1	Application 	5
	 	2.2	Subscription 	5
	 	2.3	Issue 	5
	 	2.4	Acknowledgements 	5
	3.	GENERAL TERMS 	6
	 	3.1	Status
    of Notes 	6
	 	3.2	Acknowledgment
    of indebtedness 	6
	 	3.3	Notes
    are unlisted 	6
	 	3.4	Notes
    are unsecured 	6
	 	3.5	Acknowledgment
    as to Terms 	6
	4.	INTEREST 	7
	 	4.1	Calculation
    of interest 	7
	 	4.2	Payment
    of interest 	7
	5.	REPAYMENT 	7
	 	5.1	Repayment 	7
	 	5.2	Payment
    arrangements 	7
	 	5.3	Obligations
    cease 	8
	 	5.4	Cancellation
    of Notes 	8
	6.	CONVERSION 	8
	 	6.1	Automatic
    conversion following a NASDAQ Listing 	8
	 	6.2	Allotment,
    quotation and ranking of shares 	8
	 	6.3	Satisfaction
    of Company’s obligations 	9
	7.	WARRANTIES
    	9
	 	7.1	Mutual
    Warranties 	9
	 	7.2	Investor
    Warranties 	9
	 	7.3	Noteholder
    Warranties 	10
	8.	ADDITIONAL ENTITLEMENTS: ANTI-DILUTION 	11
	 	8.1	Reconstructions 	11
	 	8.2	Calculation
    of adjustments 	11
	 	8.3	General 	11
	9.	TRANSFER OF NOTES 	12
	 	9.1	Entitlements
    and restrictions 	12
	 	9.2	Procedure 	12
	 	9.3	Recognition
    of transferees 	12
	10.	REGISTER OF NOTEHOLDERS 	12
	 	10.1	Register
    of Noteholders 	12
	 	10.2	Recognition
    of Registered Noteholder 	13
	 	10.3	Issue
    and Replacement of Note Certificates 	13

 

    	i

     

    

 

	11.	UNDERTAKINGS BY THE COMPANY 	14
	 	11.1	General
    Undertakings 	14
	 	11.2	Negative
    covenants 	14
	 	11.3	General
    notices to Noteholder 	15
	 	11.4	Attendance
    at shareholders meetings 	15
	12.	DEFAULT 	15
	 	12.1	Event
    of Default 	15
	 	12.2	Noteholder’s
    powers on default 	16
	13.	CONFIDENTIALITY 	17
	 	13.1	Non-disclosure 	17
	 	13.2	Permitted
    disclosure 	17
	14.	NOTICES 	17
	 	14.1	Form
    of notice 	17
	 	14.2	Means
    of giving notices 	17
	 	14.3	Specified
    address for service 	18
	 	14.4	Change
    of Address 	18
	 	14.5	Receipt
of notices	18
	15.	MEETINGS OF NOTEHOLDERS 	18
	16.	MISCELLANEOUS 	19
	 	16.1	Amendments 	19
	 	16.2	Taxes
    and withholdings 	19
	 	16.3	Further
    assurance 	19
	 	16.4	Governing
    law 	19
	 	16.5	Costs
    and duty 	19
	 	16.6	Severance 	19
	 	16.7	Entire
    Agreement 	19
	 	16.8	Counterparts 	19

 

	SCHEDULE 1 – INVESTOR PARTICULARS 	21
	SCHEDULE
    2 – FORM OF NOTE CERTIFICATE 	22

 

    	ii

     

    

 

THIS
DEED is made the 15th day of October 2020

 

 

BETWEEN

 

 

MYFIZIQ
LIMITED (ACN 602 857 983) of Suite 5, 71-73 South Perth Esplanade, South Perth WA 6151 (Company);

 

AND

 

THE
PARTY IDENTIFIED IN ITEM 1 OF SCHEDULE 1 (Investor).

 

 

RECITALS

 

 

	A.	The
Investor has agreed to advance the Subscription Amount to the Company upon the terms and conditions contained in this Deed.
	 	 
	B.	The
Company has agreed to issue the Notes with a face value of $1.00 per Note (Face Value) on the terms set out in this Deed.
	 	 
	C.	The
Company enters into this Deed in favour of the Investor and each Noteholder from time to time.
	 	 
	D.	The
Company intends to constitute and issue the Notes pursuant to this Deed and on the terms and conditions of this Deed.

 

IT
IS AGREED as follows:

 

	1.	DEFINITIONS
                                            AND INTERPRETATION

 

	1.1	Definitions

 

In
this Deed:

 

ADR
means an American Depository Receipt.

 

Associated
Capitalised Interest means, in relation to a Note, all interest (and interest on interest) accrued on the Note but, for the avoidance
of doubt, does not include any interest which previously has been converted into Shares in accordance with clause 6.

 

ASX
means ASX Limited or the Australian Securities Exchange, as the context requires.

 

Business
Day means a day that is not a Saturday, Sunday or public holiday in Perth, Western Australia.

 

Conversion
Date means the date determined by the Company, which date must be:

 

		(a)	where
practicable: the date on which Shares (or ADRs representing a Share) are issued under the capital raising undertaken in connection with
the NASDAQ Listing; or

 

		(b)	where
it is not practicable for the Conversion Date to be the date specified in paragraph (a) above: as soon as reasonable practicable after
the NASDAQ Listing has occurred or the Maturity Date (whichever comes first).

 

    	1

     

    

 

Conversion
Price means the higher of:

 

		(a)	75%
of the issue price per Share (or the total issue price for the number ADRs representing a Share) under the capital raising undertaken
in connection with the NASDAQ Listing; and

 

		(b)	$1
per Share.

 

Conversion
Shares has the meaning give in clause 6.1.

 

Deed
means the deed constituted by this document and includes the recitals.

 

Event
of Default means any of the events set out or referred to in this document as an Event of Default.

 

Face
Value has the meaning in Recital B.

 

Financial
Indebtedness means any indebtedness, present or future, actual or contingent, in respect of moneys borrowed or raised in any financial
accommodation whatever including, without limitation, under or in respect of any overdraft facility, bill, bond, note, certificate of
deposit, transferable or negotiable instrument, acceptance, Guarantee, redeemable or repurchasable share or stock, discounting arrangement,
finance lease, swap, option, futures contract or analogous transaction, put option, hire purchase, deferred purchase price (for more
than 90 days) of any asset or service, or any obligation to deliver goods or provide services paid for in advance by any financier or
in connection with any other financing transaction.

 

Group
means the Company and each of its related bodies corporate (as that term is defined in the Corporations Act).

 

Guarantee
means any guarantee, indemnity, letter of credit or letter of comfort which gives rise to legal liabilities, whether of suretyship
or otherwise, or any other obligation (whatever called and of whatever nature):

 

		(a)	to
pay, to purchase, to provide funds (whether by way of advance of money, the purchase of or subscription for, shares or other securities,
the purchase of assets, rights or services or otherwise) for the payment or discharge of;

 

		(b)	to
indemnify against the consequences of default in the payment of; or

 

		(c)	otherwise
to be responsible for,

 

any
obligation or indebtedness, any dividend, capital or premium on shares or stock, or the insolvency or financial condition of any other
person.

 

Interest
Period means, in respect of a Note:

 

		(a)	in
relation to the first Interest Period for a Note: the period commencing on the Subscription Date for that Note and ending on the end
of the Quarter in which the Subscription Date occurs;

 

		(b)	in
relation to any subsequent Interest Period (other than the final Interest Period): a period ending on the end of each Quarter after the
last mentioned date in (a) above; and

 

    	2

     

    

 

		(c)	in
relation to the final Interest Period for a Note (being the Interest Period during which the Note is either converted or repaid in accordance
with the Terms): a period which commences on the next day after the final day of the penultimate Interest Period and ending on the day
prior to the date of conversion or repayment.

 

Interest
Rate means 10% per annum.

 

Listing
Rules means the Listing Rules of the ASX.

 

Material
Adverse Effect means a material adverse effect on the Company’s ability to perform and comply with its obligations under the
Notes or on a Noteholder’s rights under them.

 

Maturity
Date means 30 June 2021.

 

NASDAQ
means the NASDAQ Stock Market.

 

NASDAQ
Listing means the Company announcing that NASDAQ has provided confirmation to the Company that it has approved the Company’s
application for admission to NASDAQ, subject only to conditions that the Company reasonably believes it can satisfy.

 

Note
Certificate means a certificate in the form set out in Schedule 2 and issued to a Noteholder in respect of a Note held by it for
the time being.

 

Noteholder
means any person who is or, if more than one, the several persons who are, for the time being the holder or holders of a Note.

 

Notes
means a convertible note issued by the Company under this Deed.

 

PCAOB
means the Public Company Accounting Oversight Board.

 

Professional
Investor means a professional investor for the purposes of section 708(11) of the Corporations Act.

 

Quarter
means each period of 3 months ending on either 31 March, 30 June, 30 September or 31 December.

 

Register
of Noteholders means the Register of Noteholders maintained by the Company in accordance with clause 10.1(a).

 

Repayment
Date means:

 

		(a)	where
a NASDAQ Listing occurs prior to the Maturity Date: the Maturity Date; and

 

		(b)	where
a NASDAQ Listing does not occur prior to the Maturity Date: 30 June 2021.

 

Share
means a fully paid ordinary share in the capital of the Company.

 

Shareholder
means a holder of Shares.

 

Sophisticated
Investor means a sophisticated investor for the purposes of section 708(8) of the Corporations Act.

 

Subscription
Amount means $375,000.

 

    	3

     

    

 

Subscription
Date means the date that is two weeks from the date that the Company engages an underwriter or an investment bank to provide services
in connection with the NASDAQ Listing.

 

Terms
means this Deed and includes any document executed in pursuance of it.

 

Transaction
Documents means:

 

		(a)	these
Terms;

 

		(b)	each
Note;

 

		(c)	each
document, agreement or instrument entered into under, pursuant to or for the purposes of anything in paragraphs (a) or (b).

 

	1.2	Interpretation

 

In
this Deed:

 

		(a)	headings
are for convenience only and do not affect its interpretation;
		 	 
		(b)	specifying
anything after the words “include” or “for example” or similar expressions does not limit what else is included, 
		 	 
	 	and, unless the context otherwise requires:
	 	 	 
		(c)	the
expression person includes an individual, the estate of an individual, a corporation, an authority, an association or joint venture
(whether incorporated or unincorporated), a partnership and a trust;
		 	 
		(d)	a
reference to any party includes that party’s executors, administrators, successors and permitted assigns, including any person
taking by way of novation;
		 	 
		(e)	a
reference to any document (including this Deed) is to that document as varied, novated, ratified or replaced from time to time;
		 	 
		(f)	a
reference to any statute or to any statutory provision includes any statutory modification or re-enactment of it or any statutory provision
substituted for it, and all ordinances, by-laws, regulations, rules and statutory instruments (however described) issued under it;
		 	 
		(g)	words
importing the singular include the plural (and vice versa) and words indicating a gender include every other gender;
		 	 
		(h)	reference
to parties, clauses, Schedules or Annexures are references to parties, clauses, Schedules and Annexures to or of this Deed and a reference
to this Deed includes any Schedule or Annexure to this Deed;
		 	 
		(i)	where
a word or phrase is given a defined meaning, any other part of speech or grammatical form of that word or phrase has a corresponding
meaning;
		 	 
		(j)	other
parts of speech and grammatical forms of a word or phrase defined in this Deed have a corresponding meaning; and
		 	 
		(k)	a
reference to $ or dollar is to the currency of the United States of America.

 

    	4

     

    

 

	1.3	Business
Day

 

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 preceding Business Day.

 

	1.4	References
to the calculation of time

 

		(a)	Unless
                                            the context otherwise requires a reference to a time of day means that time of day in Western
                                            Australia.

 

		(b)	For
                                            the purposes of determining the length of a period (but not its commencement) a reference
                                            to:

 

		(i)	a
                                            day means a period of time commencing at midnight and ending 24 hours later; and

 

		(ii)	a
                                            month means a calendar month.

 

		(c)	Where
                                            a period of time is specified and dates from a given day or the day of an act or event it
                                            must be calculated exclusive of that day.

 

	1.5	Fractional
                                            entitlements

 

Fractional
entitlements to Conversion Shares will be rounded up to the nearest whole number.

 

	2.	SUBSCRIPTION
                                            FOR NOTES

 

	2.1	Application

 

The
Investor agrees to purchase the Notes, and the Company agrees to issue the Notes to the Investor, in accordance with this Deed.

 

	2.2	Subscription

 

The
Investor must advance the Subscription Amount to the Company on the Subscription Date in immediately available funds to an account nominated
by the Company.

 

	2.3	Issue

 

Subject
to receipt of the Subscription Amount in accordance with clause 2.2, the Company must do each of the following on the Subscription Date:

 

		(a)	issue
                                            the Notes to the Investor;

 

		(b)	deliver
                                            a Note Certificate for the Notes to the Investor in accordance with clause 10.3(a); and

 

		(c)	ensure
                                            the Investor is registered as the holder of the Notes in the Register.

 

	2.4	Acknowledgements

 

The
Investor acknowledges that no prospectus, offer information statement, product disclosure statement or other form of disclosure document
(as defined in Chapter 6D of the Corporations Act) has been prepared for lodgement or will be lodged with the Australian Securities and
Investments Commission or any other government agency in connection with the Deed or the issue of Notes.

 

    	5

     

    

 

	3.	GENERAL
                                            TERMS

 

	3.1	Status
                                            of Notes

 

		(a)	Each
                                            Note is issued at the Face Value.

 

		(b)	Each
                                            Note may be:

 

		(i)	automatically
                                            converted into Conversion Shares pursuant to clause 6.1; or

 

		(ii)	repaid
                                            in cash pursuant to clause 5.

 

		(c)	A
                                            Note does not confer on the Noteholder any entitlement to:

 

		(i)	attend
                                            or vote at a general meeting of Shareholders;

 

		(ii)	receive
                                            dividends; or

 

		(iii)	participate
                                            in any rights issue, bonus issue or other equivalent offer or invitation of Shares or other
                                            securities to the holders of Shares,

 

other
than after the issue of Conversion Shares pursuant to clause 6.

 

		(d)	The
                                            Notes may only be transferred with the prior written consent of the Company, which the Company
                                            can provide or withhold at its absolute discretion.

 

	3.2	Acknowledgment
                                            of indebtedness

 

The
Company acknowledges that on and from the Subscription Date of each Note and at all times before the Note is converted or repaid in accordance
with the Terms, it will be indebted to the relevant Noteholder to the extent of the Face Value of that Note.

 

	3.3	Notes
                                            are unlisted

 

The
Company does not intend to list the Notes for quotation on ASX, NASDAQ or any other stock exchange and it is not obliged to do so.

 

	3.4	Notes
                                            are unsecured

 

The
Notes are unsecured.

 

	3.5	Acknowledgment
                                            as to Terms

 

		(a)	The
                                            Company acknowledges that the Investor at the date of these Terms applied for the issue of
                                            the Notes on the condition that the Notes would be issued on these Terms.

 

		(b)	The
                                            Investor by its subscription for, or subsequent purchase of, Notes is taken to have agreed
                                            to be bound by these Terms and must comply with all of its obligations under these Terms.

 

    	6

     

    

 

	4.	INTEREST

 

	4.1	Calculation
                                            of interest

 

		(a)	Interest
                                            is payable from the date of issue of each Note until (and including):

 

		(i)	where
                                            (and to the extent that) the Note is converted in accordance with clause 6: of the Note;
                                            and

 

		(ii)	where
                                            (and to the extent that) the Note is not converted: the date on which the Note is repaid
                                            in full.

 

		(b)	The
                                            amount of interest payable on each Note in any period under these Terms:

 

		(i)	accrues
                                            daily; and

 

		(ii)	will
                                            be calculated at the Interest Rate on the Face Value for the number of days in the Interest
                                            Period.

 

	4.2	Payment
                                            of interest

 

		(a)	Interest
                                            must be paid by the Company to the Noteholder in respect of each Note:

 

		(i)	where
                                            the Note is converted in accordance with clause 6: on the Conversion Date of the Note by
                                            way of the issue to the Noteholder of Shares in respect of the Associated Capitalised Interest;
                                            or

 

		(ii)	otherwise:
                                            on the Repayment Date.

 

		(b)	All
                                            accrued interest that has not been paid under this clause 4 or converted under clause 6 must
                                            be paid on the repayment of a Note, whether or not the Note is converted.

 

		(c)	Unless
                                            other arrangements are made between a Noteholder and the Company, interest will be paid by
                                            the Company to a bank account nominated by the Noteholder in writing to the Company (or such
                                            other means as the Noteholder and the Company may agree).

 

	5.	REPAYMENT

 

	5.1	Repayment

 

In
the event that a NASDAQ Listing has not occurred by the Maturity Date, on the Repayment Date the Company must pay to the Noteholder the
Face Value of the Note and Associated Capitalised Interest.

 

	5.2	Payment
                                            arrangements

 

		(a)	Unless
                                            other arrangements are made between the Noteholder and the Company, the Face Value and all
                                            Associated Capitalised Interest on each Note will be paid to a bank account nominated by
                                            the Noteholder in writing to the Company (or such other means as the Noteholder and the Company
                                            may agree).

 

    	7

     

    

 

		(b)	The
                                            Company need not make a payment to a Noteholder pursuant to this clause unless the Noteholder
                                            surrenders to the Company the Note Certificate for the relevant Note. The procedure set out
                                            in clause 10.3 for the replacement of lost Note Certificates may be followed in respect of
                                            any lost Note Certificates.

 

	5.3	Obligations
                                            cease

 

Upon
the payment of all amounts owing to a Noteholder the obligations in connection with a Note of the Company in respect of the relevant
Note will be extinguished.

 

	5.4	Cancellation
                                            of Notes

 

All
Notes repaid by the Company must be cancelled and cannot be re-issued.

 

	6.	CONVERSION

 

	6.1	Automatic
                                            conversion following a NASDAQ Listing

 

Where
a NASDAQ Listing occurs prior to the Maturity Date, all of the Notes and Associated Capitalised Interest will be automatically converted
into Shares (or ADRs representing Shares) at the applicable Conversion Price (Conversion Shares) in accordance with this clause
6.

 

	6.2	Allotment,
                                            quotation and ranking of shares

 

		(a)	Each
                                            Share issued upon conversion of a Note and Associated Capitalised Interest under this clause
                                            6 must:

 

		(i)	be
                                            allotted and issued within 5 Business Days after the Conversion Date; and

 

		(ii)	rank
                                            equally with, and have all rights, benefits and obligations identical with, the existing
                                            Shares.

 

		(b)	Promptly
                                            after each allotment the Company will apply to NASDAQ and ASX (if applicable) for the quotation
                                            of the Conversion Shares.

 

		(c)	Within
                                            5 Business Days after the allotment and issue of any Shares under clause 6.2(a), the Company
                                            will (if required) give ASX a notice that complies with section 708A(5)(e) of the Corporations
                                            Act, or, if the Company is unable to issue such a notice, lodge with the Australian Securities
                                            and Investments Commission a prospectus prepared in accordance with the Corporations Act
                                            and do all things necessary to satisfy section 708A(11) of the Corporations Act to ensure
                                            that a sale of the Shares does not require disclosure to investors.

 

		(d)	Where
                                            Conversion Shares are to be held in certificated form, the Company must promptly after each
                                            allotment in accordance with its Constitution issue a share certificate to the Noteholder
                                            in the same manner as notices are to be given to it.

 

		(e)	Where:

 

		(i)	Conversion
                                            Shares are to be held in uncertificated mode; and

 

    	8

     

    

 

		(ii)	the
                                            Company and the Noteholder participate in any computerised or electronic system for market
                                            settlement, securities transfer and registration conducted in accordance with the law and
                                            the relevant rules of NASDAQ and ASX (if applicable),

 

the
Company must within 10 Business Days of the Conversion Date effect the issue to the Noteholder of the Conversion Shares to which to the
Noteholder is entitled in a manner required or permitted by the applicable law and rules applying in relation to that system.

 

		(f)	If
                                            a Noteholder incurs a liability (whether alone or together with others) to pay stamp duty
                                            on the issue to the Noteholder of Shares to which the Noteholder is entitled on conversion
                                            of the Note and Associated Capitalised Interest, the Company must at its own expense and
                                            without recourse to the Noteholder discharge that liability and pay that stamp duty (including
                                            any interest, penalty, fine, charge, fee or other amount in respect of stamp duty) provided
                                            that the Company will not in any event be liable in respect of any other tax to which the
                                            Noteholder or any other person is or may be liable as a result of conversion of Notes, issue
                                            of Shares to the Noteholder on such conversion or the payment by the Company of stamp duty
                                            under this clause 6.2(f).

 

	6.3	Satisfaction
                                            of Company’s obligations

 

The
issue of Conversion Shares in accordance with this clause 6 operates in satisfaction of the Company’s obligation to repay the Face
Value of the Notes and Associated Capitalised Interest converted into those Conversion Shares.

 

	7.	WARRANTIES

 

	7.1	Mutual
                                            Warranties

 

Each
of the Company and the Investor (each, a Warrantor) represents and warrants to the other, as an inducement to the other to enter
into this Deed that, at the date of this Deed:

 

		(a)	the
                                            execution and delivery of this Deed has been properly authorised by all necessary corporate
                                            action of the Warrantor;

 

		(b)	the
                                            Warrantor has full power and lawful authority to execute and deliver this Deed and to consummate
                                            and perform or cause to be performed its obligations under this Deed; and

 

		(c)	this
                                            Deed constitutes a legal, valid and binding obligation on the Warrantor enforceable in accordance
                                            with its terms by appropriate legal remedy.

 

		7.2	Investor
                                            Warranties

 

In
addition to the warranties given under clause 7.1, the Investor represents and warrants to the Company as an inducement to the Company
to enter into this Deed that, at the date of this Deed:

 

		(a)	if
                                            a resident of Australia, it is a Sophisticated Investor or Professional Investor, or is otherwise
                                            a person who is able to be offered the Notes without disclosure under Chapter 6D of the Corporations
                                            Act, and will, on the request of the Company, promptly provide written evidence sufficient
                                            to satisfy the Company of the same;

 

    	9

     

    

 

		(b)	if
                                            a resident outside of Australia, it is a person to whom it is lawful to offer or issue the
                                            Notes and the Conversion Shares without a disclosure document (but who is not a “U.S.
                                            Person” under the Securities Act of 1933, or resident in the United States of America
                                            or in any other place in which it would not be lawful to offer or issue the Notes);

 

		(c)	the
                                            issue of Notes or the Conversion Shares does not require registration, qualification, disclosure
                                            or any other action by the Company in the jurisdiction in which the Investor is located or
                                            in which the offer of the Notes is received;

 

		(d)	it
                                            is aware of and accepts the risks relating to its subscription for the Notes under this Deed;
                                            and

 

		(e)	in
                                            deciding to subscribe for the Notes, it has:

 

		(i)	made
                                            and relies on its own enquiries and assessment of the Company, its business, operations and
                                            prospects;

 

		(ii)	made
                                            and relies on its own assessment of, and risks relating to, the Notes and an investment in
                                            the Company; and

 

		(iii)	not
                                            relied on any representations or warranties made or given by or on behalf of the Company
                                            (or any of its directors, officers, employees, agents or advisers), other than as set out
                                            in this Deed.

 

	7.3	Noteholder
                                            Warranties

 

By
accepting a transfer of Notes and agreeing to be entered onto the Register of Noteholders, each Noteholder represents and warrants to
the Company that, at the date of transfer of the Notes and the date of issue of any Conversion Shares to the Noteholder:

 

		(a)	if
                                            a resident of Australia, it is a Sophisticated Investor or Professional Investor, or is otherwise
                                            a person who is able to be offered Shares without disclosure under Chapter 6D of the Corporations
                                            Act, and will, on the request of the Company, promptly provide written evidence sufficient
                                            to satisfy the Company of the same;

 

		(b)	if
                                            a resident outside of Australia, it is a person to whom it is lawful to offer or issue the
                                            Conversion Shares without a disclosure document (but who is not a “U.S. Person”
                                            under the Securities Act of 1933, or resident in the United States of America or in any other
                                            place in which it would not be lawful to offer or issue the Notes);

 

		(c)	the
                                            issue of Conversion Shares does not require registration, qualification, disclosure or any
                                            other action by the Company in the jurisdiction in which the Investor is located or in which
                                            the offer of the Notes is received;

 

		(d)	it
                                            is aware of and accepts the risks relating to its subscription for Conversion Shares under
                                            these Terms; and

 

    	10

     

    

 

		(e)	in
                                            deciding to acquire the Notes, it has:

 

		(i)	made
                                            and relies on its own enquiries and assessment of the Company, its business, operations and
                                            prospects;

 

		(ii)	made
                                            and relies on its own assessment of, and risks relating to, the Notes and an investment in
                                            the Company; and

 

		(iii)	not
                                            relied on any representations or warranties made or given by or on behalf of the Company
                                            (or any of its directors, officers, employees, agents or advisers), other than as set out
                                            in this Deed.

 

	8.	ADDITIONAL
                                            ENTITLEMENTS: ANTI-DILUTION

 

	8.1	Reconstructions

 

		(a)	In
                                            the event of a reconstruction of the capital of the Company prior to the Conversion Date
                                            by way of consolidation, subdivision, reduction, return, scheme of arrangement or otherwise
                                            (but other than by way of a bonus issue, rights issue or other security issue), a proportionate
                                            adjustment will be made to the number and issue price of Ordinary Shares to which each Noteholder
                                            is entitled upon conversion of the Notes so that:

 

		(i)	the
                                            value of each Note is not adversely affected by the reconstruction;

 

		(ii)	the
                                            Noteholder is not conferred with any additional benefits which are not also conferred on
                                            the holders of Shares (subject to the same provisions with respect to rounding of entitlements
                                            as sanctioned by the meeting of holders of Shares approving the reconstruction of capital);
                                            and

 

		(iii)	subject
                                            to clause 8.1(b), in all other respects the terms for the conversion of the Notes shall remain
                                            unchanged.

 

		(b)	These
                                            Terms from time to time must be varied to the extent necessary to comply with the Listing
                                            Rules applying to a reorganisation of capital at the time of the reorganisation.

 

	8.2	Calculation
                                            of adjustments

 

The
adjustments in clause 8.1 will be calculated by the relevant Noteholder in accordance with any applicable Listing Rules, acting reasonably,
which will be conclusive, in the absence of manifest error. The Noteholder must provide the Company with reasonable details of the manner
in which the adjustment was calculated within a reasonable time after being requested to do so by the Company.

 

	8.3	General

 

A
Note does not confer any rights to participate in new issues of Shares or other securities without converting that Note.

 

    	11

     

    

 

	9.	TRANSFER
                                            OF NOTES

 

	9.1	Entitlements
                                            and restrictions

 

Subject
to these Terms, with the consent of the Company, the Notes may be freely transferred by an instrument in writing in common form or in
such other form as the Company may approve.

 

	9.2	Procedure

 

		(a)	Every
                                            instrument of transfer must be signed by the transferor and shall be signed also by the transferee
                                            unless complying with the provision of any law whereby such instrument is deemed to be so
                                            signed in the event of such compliance.

 

		(b)	Every
                                            instrument of transfer must be sent to the Company. The transfer must be accompanied by the
                                            relevant Note Certificate and evidence of the payment of any applicable stamp duty.

 

		(c)	Where
                                            an instrument of transfer is not accompanied by a Note Certificate because it is lost or
                                            destroyed, if the Company would be obliged to issue a replacement Note Certificate in accordance
                                            with these Terms, the instrument of transfer will be deemed to have been properly given on
                                            the date that it is received by the Company in accordance with these Terms.

 

		(d)	All
                                            instruments of transfer will be retained by the Company as will the surrendered Note Certificate.

 

		(e)	No
                                            transfer will be effected during the five Business Days (or such shorter period as the Company
                                            may decide) immediately preceding the Repayment Date of the relevant Note.

 

		(f)	Subject
                                            to any direction on an instrument of transfer, the Company may retain the amount owing and
                                            any interest payable upon any Note which is the subject of any transfer notice given to the
                                            Company within the period specified in the preceding clause until the specified transferee
                                            is registered as the holder of the Note and payment can be made to that transferee.

 

	9.3	Recognition
                                            of transferees

 

Each
Noteholder registered pursuant to a transfer will be recognised by the Company as entitled to its Notes free from any equity set off
or cross claim on the part of the Company against the original or any intermediate holder of the Notes.

 

	10.	REGISTER
                                            OF NOTEHOLDERS

 

	10.1	Register
                                            of Noteholders

 

		(a)	The
                                            Company must establish and maintain a Register of Noteholders at its registered office or
                                            at such other place permitted by the Corporations Act as the Company may determine. The Company
                                            may establish and maintain a branch Register of Noteholders at such places permitted by the
                                            Corporations Act as the Company may determine.

 

		(b)	There
                                            must be entered on the Register of Noteholders the names and addresses of each Noteholder
                                            and the number of Notes held by it.

 

    	12

     

    

 

		(c)	Each
                                            Noteholder must promptly notify the Company of any change of its name or registered address
                                            accompanied, in the case of change of name, by such evidence as the Company may reasonably
                                            require. The Register of Noteholders must be altered accordingly.

 

		(d)	Notes
                                            will be transferred by the Company between registered Noteholders without charge on the written
                                            request of a Noteholder subject to the payment by the Noteholder of any stamp duty involved.

 

		(e)	The
                                            Register of Noteholders will open during normal business hours for inspection by the Noteholders
                                            and as required by the Corporations Act.

 

	10.2	Recognition
                                            of Registered Noteholder

 

		(a)	Subject
                                            to clause 9.2(e), the Company will only recognise the registered Noteholder as the owner
                                            of a Note referred to in the Note Certificate and is not bound to take notice or see to the
                                            execution of any trust whether express implied or constructive to which any Note may be subject.

 

		(b)	The
                                            payment to the registered Noteholder of the interest payable on a Note and of any other moneys
                                            payable upon a Note shall be a good discharge for the Company notwithstanding any notice
                                            it may have whether express or otherwise of the right title or interest of any other person
                                            to or in the Notes or such moneys.

 

		(c)	If
                                            several persons are entered in the Register as joint holders of any Notes then the payment
                                            to any one of such persons of any amount from time to time payable in respect of such Notes
                                            will be an effective discharge to the company for the moneys so paid.

 

	10.3	Issue
                                            and Replacement of Note Certificates

 

		(a)	The
                                            Company must, subject to payment of the Subscription Amount under clause 2.2, issue to the
                                            Investor a Note Certificate in respect of the Notes represented by the Subscription Amount
                                            subscribed by the Investor on the Subscription Date.

 

		(b)	A
                                            Note Certificate must be executed by the Company, its attorney or such other person authorised
                                            by the directors of the Company. Such execution may be a facsimile applied by mechanical
                                            means. Certificates may be pre-printed or photocopies.

 

		(c)	If
                                            any Note Certificate becomes worn out or defaced then upon its production to the company
                                            it may cancel the same and issue a new Note Certificate in lieu thereof.

 

		(d)	If
                                            any Note Certificate is lost or destroyed then upon proof thereof to the satisfaction of
                                            the Company and upon such indemnity and/or advertisement (if any) as the Company may require
                                            being given or published, a new Note Certificate in lieu thereof shall be given to the Noteholder.
                                            An entry as to the issue of such new Certificate and indemnity (if any) must be made in the
                                            Register of Noteholders. The cost of any advertisement and indemnity must be paid by the
                                            Noteholder.

 

		(e)	Any
                                            Note Certificate that is returned to the Company in connection with the conversion or transfer
                                            of any Notes must be cancelled by the Company when the conversion or transfer is recorded
                                            in the Register of Noteholders. A new Note Certificate must be issued to the transferee within
                                            10 Business Days of receipt of a valid transfer.

 

    	13

     

    

 

		(f)	Where
                                            the some but not all of the Notes specified in any Note Certificate that is cancelled in
                                            connection with the conversion of any Note, the Company must issue to the holder of the Note
                                            a Note Certificate in respect of the difference within ten Business Days from the date when
                                            the conversion is recorded in the Register of Noteholders.

 

	11.	UNDERTAKINGS
                                            BY THE COMPANY

 

	11.1	General
                                            Undertakings

 

The
Company undertakes to each Noteholder to:

 

		(a)	maintain
                                            listing: (unless approved by the requisite majority of Shareholders and by the Noteholder,
                                            or if more than one, a 50% majority of such Noteholders by agreement in writing) maintain
                                            its listing and the official quotation of its securities on ASX, and must take or cause to
                                            be taken all action available to it to maintain such listing and official quotation;

 

		(b)	maintain
                                            status: maintain its status as a company limited by shares incorporated under the Corporations
                                            Act and not to transfer nor permit the transfer of its jurisdiction of incorporation outside
                                            Australia;

 

		(c)	comply
                                            with applicable laws: ensure that the Company and each member of the Group complies with
                                            all applicable laws (including without limitation all listing rules and requirements of any
                                            stock exchange);

 

		(d)	notify
                                            if representation and warranty is incorrect: notify the Noteholder immediately if any
                                            representation or warranty made or taken to be made by or on behalf of the Company in connection
                                            with the Transaction Documents or the Notes is found to be incorrect or misleading when made
                                            or taken to be made; and

 

		(e)	comply
                                            with consent: comply on time with any conditions attaching to any approval or consent
                                            given by the Noteholder in connection with the Transaction Documents.

 

	11.2	Negative
                                            covenants

 

The
Company undertakes to each Noteholder that it will not do any of the following until all of the Notes (together with [interest]) have
been repaid in full or converted into Shares in accordance with the terms of this Deed:

 

		(a)	dispose
                                            of assets: sell or otherwise dispose of any assets or a series of related assets having
                                            an aggregate value of not less than $1,000,000 except with the prior written approval of
                                            the Noteholder(s);

 

		(b)	no
                                            dividends or distributions: pay, make or declare any dividend or other distribution without
                                            the prior written approval of the Noteholder(s);

 

		(c)	capital
                                            restructuring: purchase its own shares, reduce its share capital, return capital to shareholders
                                            or in any other way restructure its capital, if in each case to do so would be likely to
                                            have a Material Adverse Effect (for the avoidance of doubt, this does not prevent the Company
                                            from issuing any securities where permitted to do so in accordance with its constitution,
                                            the Corporations Act and the Listing Rules);

 

    	14

     

    

 

		(d)	mergers:
                                            enter into any merger or consolidation or make any acquisition of any other entity, company
                                            or business or do anything which would have the effect that the Company or any other member
                                            of the Group was operating business or activity which was not within the course of, or directly
                                            connected with, a business carried on by it as at the date of this Deed;

 

		(e)	incur
                                            indebtedness: incur any Financial Indebtedness without the prior written approval of
                                            the Noteholder(s);

 

		(f)	investments:
                                            deposit or invest money in or with any person except in the ordinary course of the Company’s
                                            business and on ordinary commercial terms;

 

		(g)	alteration
                                            of constitution: cause or permit its Constitution to be amended or replaced without the
                                            prior written approval of the Noteholder(s); or

 

		(h)	change
                                            in business: take any action which constitutes or results in any material alteration
                                            to the nature of the Company’s business.

 

	11.3	General
                                            notices to Noteholder

 

The
Company will send to the Noteholder a copy of all reports accounts, statements, notices and circulars issued to its members or any class
thereof at the same time as the same are dispatched to the members.

 

	11.4	Attendance
                                            at shareholders meetings

 

Without
prejudice to the rights of Noteholder in their capacity as shareholders of the Company, the Company will permit the Noteholder to attend
but not to speak or vote at any general meeting of its members.

 

	12.	DEFAULT

 

	12.1	Event
                                            of Default

 

Notwithstanding
any previous delay or waiver approved by the Noteholder(s), it is an Event of Default if, whether or not it is within the control of
the Company:

 

		(a)	failure
                                            to pay: the Company fails to pay or repay any amount due by it under this Deed when due;

 

		(b)	non-remediable
                                            failure: the Company fails to perform or observe any other material undertaking, obligation
                                            or agreement expressed or implied in this Deed and that failure is not, in the reasonable
                                            opinion of the Investor, remediable;

 

		(c)	remediable
                                            failure: the failure described in clause 12.1(b) is, in the reasonable opinion of the
                                            Investor, remediable, and the Company does not remedy the failure within 21 days, or a longer
                                            period determined by the Investor, after receipt by the Company of a notice from the Investor
                                            specifying the failure;

 

		(d)	misrepresentation:
                                            any warranty, representation or statement by the Company is or becomes false, misleading
                                            or incorrect in a material respect when made or regarded as made by the Company under this
                                            Deed;

    	15

     

    

 

		(e)	judgment:
                                            a judgment in an amount exceeding $500,000 is obtained against the Company and is not set
                                            aside or satisfied within 7 days;

 

		(f)	execution:
                                            any distress, attachment, execution or other process of a government agency in an amount
                                            exceeding $500,000 is issued against, levied or enforced upon any of the assets of the Company;

 

		(g)	receiver:
                                            a receiver, receiver and manager, official manager, trustee, administrator or similar official
                                            is appointed, or steps taken for such appointment, over any of the assets or undertaking
                                            of the Company;

 

		(h)	insolvency:
                                            the Company is or becomes unable to pay its debts when they are due;

 

		(i)	arrangements:
                                            the Company enters into or resolves to enter into any arrangement, composition or compromise
                                            with, or assignment for the benefit of, its creditors or any class of them otherwise than
                                            while solvent and with the prior written consent of the Investor;

 

		(j)	administrator:
                                            an administrator is appointed, or a resolution is passed, or any steps are taken to appoint,
                                            or to pass a resolution to appoint, an administrator to the Company;

 

		(k)	winding
                                            up: an application or order is made for the winding-up or dissolution of the Company
                                            or a resolution is passed, or any steps are taken to pass a resolution for the winding-up
                                            or dissolution of the Company otherwise than for the purpose of an amalgamation or reconstruction
                                            which has the prior written consent of the Investor;

 

		(l)	deregistration:
                                            a notice under section 601AB of the Corporations Act is given to, or an application under
                                            section 601AA is made by, or in respect of the Company;

 

		(m)	suspends
                                            payment: the Company suspends payment of its debts generally; or

 

		(n)	vitiation
                                            of Deed:

 

		(i)	all
                                            or any part of any provision of this Deed is or becomes illegal, void, voidable, unenforceable
                                            or otherwise of limited force or effect; or

 

		(ii)	the
                                            execution, delivery and performance of this Deed by the Company violates, breaches or results
                                            in a contravention of any law, regulation or authorisation.

 

	12.2	Noteholder’s
                                            powers on default

 

If
an Event of Default occurs, the Noteholder, or if more than one, a 75% majority of such Noteholders by agreement in writing, may then
or at any time subsequently by notice to the Company:

 

		(a)	declare
                                            all money owing under any of the Transaction Documents to be immediately due and payable,
                                            and the Company must immediately pay that money (including accrued interest and fees) and
                                            cash cover for the full amount of any money contingently owing under any of the Transaction
                                            Documents; and/or

 

    	16

     

    

 

		(b)	cancel
                                            their obligations (if any) under any of the Transaction Documents.

 

	13.	CONFIDENTIALITY

 

	13.1	Non-disclosure

 

All
information and other matters provided to or obtained by the Investor or any officer, employee, professional adviser or other consultant
of the Investor on a confidential basis:

 

		(a)	under,
                                            in connection with or related to this Deed; or

 

		(b)	in
                                            the performance of any obligation, duty or power of the Investor under this Deed,

 

(collectively
the “Information”) is confidential to the Company and may not be disclosed to any person other than as set out in clause
13.2.

 

	13.2	Permitted
                                            disclosure

 

Information
which is in the public domain is not required to be kept confidential. The Investor may disclose Information of the Company:

 

		(a)	to
                                            a professional adviser, manager, banker, financial adviser, financier or insurer of the discloser
                                            or to a committee of any of them, if disclosed on a confidential basis;

 

		(b)	to
                                            comply with any applicable law or the listing rules or similar rules from time to time of
                                            a stock exchange, whether as a result of a voluntary or involuntary act or omission of the
                                            discloser or otherwise;

 

		(c)	to
                                            enforce, conduct or defend a claim or proceeding; or

 

		(d)	with
                                            the prior written consent of the Company.

 

	14.	NOTICES

 

	14.1	Form
                                            of notice

 

A
notice:

 

		(a)	must
                                            be in the English language; and

 

		(b)	may
                                            be given on behalf of a person by a solicitor, director or company secretary of the person.

 

	14.2	Means
                                            of giving notices

 

A
notice may be given to the addressee by:

 

		(a)	delivering
                                            it in writing to the street address of the addressee which includes placing it in a postal
                                            receptacle provided for the address or leaving it at the address with a person apparently
                                            of or over the age of 16 years;

 

    	17

     

    

 

		(b)	sending
                                            it by prepaid ordinary post (airmail if outside Australia) to the street address of the addressee;
                                            or

 

		(c)	sending
                                            it by email to the email address of the addressee.

 

Paragraphs
(a) to (c) inclusive do not apply to the giving of notices under any other clause of these Terms which expressly specifies the method
of giving notices under that other clause.

 

	14.3	Specified
                                            address for service

 

		(a)	Until
                                            the Company gives notice of a change, its street address and email address is:

 

		Address:	Suite
5, 71-73 South Perth Esplanade, South Perth WA 6151
	 	 	 
		Email:	vlado@myfiziq.com
	 	 	 
		Attention:	Vlado
Bosanac, Chief Executive Officer

 

		(b)	Until
                                            the Investor gives notice of a change, the Investor’s notice details are
set out in Schedule 1.

 

		(c)	Until
                                            a Noteholder gives a notice of a change or an alternate address, their respective street
                                            addresses and email address will be as set out in the Register of Noteholders.

 

	14.4	Change
                                            of Address

 

A
party may from time to time change its address by giving notice pursuant to clause 14.1:

 

		(a)	for
                                            a Noteholder: to the Company; and

 

		(b)	for
                                            the Company: to each Noteholder.

 

	14.5	Receipt
                                            of notices

 

Any
notice given pursuant to clause 14.1 will be conclusively deemed to have been received:

 

		(a)	in
                                            the case of personal delivery, on the actual day of delivery if delivered prior to 5 pm (Perth
                                            time) on a Business Day or on the next following Business Day if delivered after 5 pm (Perth
                                            time) on a Business Day or on a day other than a Business Day;

 

		(b)	if
                                            sent by mail, on the second clear Business Day after the day of posting; or

 

		(c)	if
                                            sent by email, on the day the email was sent by clear email.

 

	15.	MEETINGS
                                            OF NOTEHOLDERS

 

The
Company or a Noteholder may convene and conduct a meeting of Noteholders in accordance with normal meeting practice. A representative
of the Company will chair the meeting unless the Noteholder (or if more than one, a majority of Noteholders) otherwise determines.

    	18

     

    

 

	16.	MISCELLANEOUS

 

	16.1	Amendments

 

The
Company may with the written authority of the Noteholder (or if more than one, the Noteholders by value) make any amendment or addition
to these Terms provided that:

 

		(a)	such
                                            amendment or addition complies with the Listing Rules; and

 

		(b)	all
                                            necessary steps prescribed by the Listing Rules (including, without limitation, all necessary
                                            approvals and meetings) have been taken in the time period prescribed by the Listing Rules.

 

	16.2	Taxes
                                            and withholdings

 

The
Company must make any payments to be made to the Noteholder(s) free of all withholdings and deductions. [MYQ to confirm with tax advisers.]

 

	16.3	Further
                                            assurance

 

Each
party shall sign, execute and do all deeds, acts, documents and things as may reasonably be required by the other party to effectively
carry out and give effect to the terms and intentions of this Deed.

 

	16.4	Governing
                                            law

 

This
Deed and performance by the parties hereunder shall be governed by and construed exclusively in accordance with the laws of Western Australia.
Any and all actions, disputes or proceedings arising out of or relating to this Deed shall be subject to the exclusive and sole jurisdiction
and venue of the courts of Western Australia, and the parties hereto hereby submit themselves to the jurisdiction of such courts.

 

	16.5	Costs
                                            and duty

 

		(a)	All
                                            duty assessed on or in respect of this Deed shall be paid by the Company.

 

		(b)	The
                                            Company shall bear the legal costs of and incidental to the preparation, negotiation and
                                            execution of this Deed.

 

	16.6	Severance

 

If
any provision of this Deed is invalid and not enforceable in accordance with its terms, all other provisions which are self-sustaining
and capable of separate enforcement without regard to the invalid provision, shall be and continue to be valid and forceful in accordance
with their terms.

 

	16.7	Entire
                                            Agreement

 

This
Deed shall constitute the sole understanding of the parties with respect to the subject matter and replaces all other agreements with
respect thereto.

 

	16.8	Counterparts

 

This
Deed may be executed in any number of counterparts (including by way of facsimile) each of which shall be deemed for all purposes to
be an original and all
such counterparts taken together shall be deemed to constitute one and the same instrument.

 

Signing
page to follow

 

    	19

     

    

 

EXECUTED
by the parties as a deed.

 

	EXECUTED
    by MYFIZIQ LIMITED 	)	 
	ACN 602 857 983	)	 
	in
    accordance with section 127 of the	)	 
	Corporations
    Act 2001 (Cth):	)	 
	 	 	 
		 	/s/ Steven
    Richards
	Signature
    of director	 	Signature
    of Chief Financial Officer
	 	 	 
	Vlado
Bosanac	 	Steven
    Richards
	Name
    of Chief Executive Officer	 	Name
    of Chief Financial Officer

 

	EXECUTED
    BY	)	 
	I
    CONCEPT GLOBAL GROWTH FUND	)	 
	(Cayman
    Islands Company Registration	)	 
	Number
    328056)	))	 
	in
    accordance with its constituent	)
    )	 
	documents
    and place of incorporation:	)	 
	 	 	 
	/s/ Michael
Marcus Liew	 	/s/ Chan
    Chi Yin, Stefanie
	Signature
    of director	 	Signature
    of director
	 	 	 
	Michael
Marcus Liew	 	Chan
    Chi Yin, Stefanie
	Name
    of director	 	Name
    of director

 

    	20

     

    

 

 

SCHEDULE
1 – INVESTOR PARTICULARS

 

 

ITEM
1 – INVESTOR

 

	Name:	I
    CONCEPT GLOBAL GROWTH FUND (Cayman Islands Company Registration Number 328056)
	 	 
	Address:	89
    Nexus Way, Camana Bay, Grand Cayman, KY1-9009, Cayman Islands
	 	 
	Email:	stefanie.chan@asiacornerstone.com.hk
    and cw.li@asiacornerstone.com.hk
	 	 
	Attention:	Ms
    Stefanie Chan and Mr Jacki Li

 

    	21

     

    

 

 

SCHEDULE
2 – FORM OF NOTE CERTIFICATE

 

 

MYFIZIQ
LIMITED

ACN
602 857 983

(Company)

 

This
is to certify that the following is the registered holder of the following convertible notes issued by the Company (Notes).

 

	Name
    of Noteholder	I
    CONCEPT GLOBAL GROWTH FUND (Company Registration Number 328056)
	 	 
	Address
    of Noteholder	89
    Nexus Way, Camana Bay, Grand Cayman, KY1-9009, Cayman Islands
	 	 
	Terms	The
    Notes are issued with the benefit of the rights and subject to the restrictions contained in the Convertible Note Subscription Deed
    between the Company and the Investor dated Thursday 15th October 2020 (Deed).
	 	 
	Number
    of Notes	375,000
	 	 
	Face
    Value	US$1.00
    per Note.
	 	 
	Conversion
    Securities	To
    be determined in accordance with the Deed and the terms and conditions set out therein.

 

Dated:
15th October 2020

 

			

Signed
for and on behalf of

MYFIZIQ
LIMITED

ACN 602 857 983

 

 

22

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