Document:

Exhibit 10.1

 

 

 

 

[****] Certain information in this exhibit
has been omitted because it is both (i) not material and (ii) would likely cause competitive harm to the registrant if publicly
disclosed.

 

 

 

 

 

SALES AND PURCHASE
AGREEMENT 

BETWEEN

BITMAINTECH PTE. LTD.

(“Bitmain”)
AND

Riot Blockchain, Inc (“Purchaser”)

 

 

 

 

 

    	  

    	 

    

 

	1.   Definitions and Interpretations	3
	2.   Sales of Product(s)	5
	3.   Prices and Terms of Payment	6
	4.   Shipping of Product(s)	6
	5.   Customs	7
	6.   Warranty	8
	7   Representations and Warranties	10
	8   Indemnification and Limitation of Liability	11
	9   Distribution	12
	10   Intellectual Property Rights	12
	11   Confidential Informaiton and Disclosure	13
	12   Term and Termination of this Agreement	13
	13   Contact Information	14
	14   Compliance with Laws and Regulations	14
	15   Force Majeure	16
	16   Entire Agreement and Amendment	16
	17   Assignment	16
	18   Severability	16
	19   Personal Data	16
	20   Conflict with the Terms and Conditions	17
	21   Governing Law and Dispute Resolution	17
	22   Waiver	17
	23   Counterparts and Electronic Signatures	18

 

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This agreement (this “Agreement”)
is made on 6 May 2020 by and between Bitmaintech Pte. Ltd. (“Bitmain”) (UEN: 201610324R), with its principal
place of business at 8 Kallang Avenue, Aperia Tower
1, #09-03/04, Singapore, 339509, and Riot Blockchain, Inc (the “Purchaser”) with its principal place of business at
202 6th Street, Suite 401, Castle Rock, CO 80104, USA.

 

Bitmain and the Purchaser shall hereinafter collectively
be referred to as the “Parties”, and individually as a “Party”.

 

Whereas:

 

		1.	Purchaser fully understands the market risks,
the price-setting principles and the market fluctuations relating to the Products sold under this Agreement.

		2.	Purchaser has purchased Products through the website of Bitmain (i.e.,

https://shop.bitmain.com/,
similarly hereinafter), and is generally familiar with the purchase order processes of Bitmain’s website.

		3.	Based on the above consensus, the Purchaser
is willing to purchase and Bitmain is willing to supply cryptocurrency mining hardware and other equipment in accordance with the
terms and conditions of this Agreement.

 

The Parties hereto agree as follows:

 

		1.	Definitions and Interpretations

The following terms, as used herein, have the following
meanings:

 

“Affiliate” means,
with respect to any Person, any other Person directly or indirectly Controlling, Controlled by,
or under common Control with such Person; “Person” means any individual, corporation, partnership, limited partnership,
proprietorship, association, limited liability company, firm, trust, estate or other
enterprise or entity; and “Control” means the power or authority, whether
exercised or not, to direct the business, management and policies of such Person, directly or indirectly, whether through the ownership
of voting securities, by Contract or otherwise, provided that such power or authority shall conclusively be presumed to exist upon
possession of beneficial ownership or power to direct the vote of more than fifty percent (50%) of the votes entitled to be cast
at a meeting of the members or shareholders of such Person or power to control the composition of a majority of the board of directors
of such Person. The terms “Controlled” and “Controlling” have meanings correlative to the foregoing.

 

“Applicable Law”
means any treaty, law, decree, order, regulation, decision, statute, ordinance, rule, directive, code or other document that has
legal force under any system of law, including, without limitation, local law, law of any other state or part thereof or international
law, and which creates or purports to create any requirement or rule that may affect, restrict, prohibit or expressly allow the
terms of this Agreement or any activity contemplated or carried out under this Agreement.

 

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“Bank
Account” means the bank account information of Bitmain provided in Appendix A of this Agreement.

 

“Force Majeure” means
in respect of either Party, any event or occurrence whatsoever beyond the reasonable
control of that Party, which delays, prevents or hinders that Party from performing
any obligation imposed upon that Party under this Agreement, including to the extent such event or occurrence shall delay,
prevent or hinder such Party from performing such obligation, war (declared or undeclared), terrorist activities, acts of
sabotage, blockade, fire, lightning, acts of god, national strikes, riots, insurrections, civil commotions, quarantine restrictions,
epidemics, earthquakes, landslides, avalanches, floods, hurricanes, explosions and regulatory and administrative or similar action
or delays to take actions of any governmental authority.

 

“Insolvency Event”
in the context of the Purchaser means any of the following events:

		i)	a receiver, receiver and manager, judicial
manager, official manager, trustee, administrator or similar official is appointed, or steps are taken for such appointment, over
all or any part of the assets, equipment or undertaking of the Purchaser;

		ii)	if the Purchaser stops or suspends payments
to its creditors generally, is unable to or admits its inability to pay its debts as they fall due, seeks to enter into any composition
or other arrangement with its creditors, is declared or becomes bankrupt or insolvent or enters into liquidation;

		iii)	a petition is presented, a proceeding is commenced,
an order is made or an effective resolution is passed or any other steps are taken by any person for the liquidation, winding up,
insolvency, judicial management, administration, reorganisation, reconstruction, dissolution or bankruptcy of the Purchaser, otherwise
than for the purpose of a bona fide scheme of solvent amalgamation or reconstruction; or

		iv)	if any event, process or circumstance analogous
or having a substantially similar effect to any of the above, in any applicable jurisdiction, commences or exists.

 

“Intellectual
Property Rights” means any and all intellectual property rights, including but not limited to those concerning inventions,
patents, utility models, registered designs and models, engineering or production materials, drawings, trademarks, service marks,
domain names, applications for any of the foregoing (and the rights to apply for any of the foregoing), proprietary or business
sensitive information and/or technical know-how, copyright, authorship, whether registered or not, and any neighbor rights.

 

“Order”
means the Purchaser’s request to Bitmain for certain Product(s) in accordance with this Agreement.

 

“Order
Confirmation” means Bitmain’s acceptance of the Order.

 

“Product(s)”
means the merchandise that Bitmain will provide to the Purchaser in accordance with this Agreement.

 

“Total
Purchase Price” means the aggregate amount payable by the Purchaser as set out in Appendix A of this Agreement.

 

 

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“Warranty
Period” means the period of time that the Product(s) are covered by the warranty granted by Bitmain or its Affiliates in
accordance with Clause 6 of this Agreement.

“Warranty Start Date” means
the date on which the Product(s) are delivered to the carrier. Interpretations:

		i)	Words importing
the singular include the plural and vice versa where the context so requires.

		ii)	The headings in this Agreement are for convenience
only and shall not be taken into consideration in the interpretation or construction of this Agreement.

		iii)	References to Clauses are references to Clauses of this Agreement.

		iv)	Unless specifically stated otherwise, all references to days shall
mean calendar days.

		v)	Any reference to a code, law,
statute, statutory provision, statutory instrument, order, regulation or other instrument of similar effect shall include any re-enactment
or amendment thereof for the time being in force.

 

		2.	Sales of Product(s)

Bitmain
will provide the Product(s) set forth in Appendix A (attached hereto as part of this Agreement) to the Purchaser in accordance
with provisions of Clause 2, Clause 3, Clause 4, Clause 5 and Appendix A of this Agreement, and the Purchaser shall make payment
in accordance with the terms specified in this Agreement.

 

		2.1.	Both Parties agree that the Product(s) shall
be sold in accordance with the following steps:

		(i)	The Purchaser shall place the
Order through Bitmain’s website or through other methods accepted by Bitmain, and such Order shall constitute an irrevocable
offer to purchase specific Product(s) from Bitmain.

		(ii)	After receiving the Order,
Bitmain will send an order receipt confirmation email to the Purchaser. The
Purchaser’s Order will be open and valid for Bitmain to issue an Order Confirmation for a period of twenty-four (24) hours
after its placement, and prior to the expiration of such period, Bitmain will have the right to cancel the Order at its sole discretion.

		(iii)	The Purchaser’s Order shall be deemed
accepted by Bitmain upon Bitmain’s issuance of the Order Confirmation and the Purchaser shall pay the Total
Purchase Price in accordance with Appendix A of this Agreement.

		(iv)	Upon receipt of the Total
Purchase Price, Bitmain will provide a payment receipt to the Purchaser.

		(v)	Bitmain will send a shipping confirmation
to the Purchaser after it has delivered the Product(s) to the carrier.

 

		2.2.	Both Parties acknowledge and agree that the
order receipt confirmation shall not constitute nor be construed as Bitmain’s acceptance of the Purchaser’s Order,
but mere acknowledgement of the receipt of the Purchaser’s Order.

 

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		2.3.	Both Parties acknowledge and agree that in
case of product unavailability, Bitmain shall have the right to cancel the Order after it has issued the order receipt confirmation
without any penalty or liability.

 

		2.4.	The Purchaser acknowledges and confirms that
the Order is irrevocable and cannot be cancelled by the Purchaser, and that the Product(s) ordered are neither returnable nor refundable.
All sums paid by the Purchaser to Bitmain shall not be subject to any abatement, set-off, claim, counterclaim, adjustment, reduction,
or defense for any reason except for non-shipment of the Products pursuant to Section 4.3. Payment of Total
Purchase Price is not refundable, save as otherwise mutually agreed by the Parties or Bitmain’s non-shipment of the Products
pursuant to Section 4.3.

 

		3.	Prices and Terms of Payment

		3.1	The Purchaser shall pay the Total
Purchase Price in accordance with Appendix A of this Agreement.

 

		3.2	The Parties understand and agree that the
applicable prices of the Product(s) are inclusive of applicable bank transaction fees, export duties, but are exclusive of any
and all applicable import duties, taxes and governmental charges. The Purchaser shall pay or reimburse Bitmain for all taxes levied
on or assessed against the amounts payable hereunder. If any payment is subject to withholding, the Purchaser shall pay such additional
amounts as necessary, to ensure that Bitmain receives the full amount it would have
received had payment not been subject to such withholding.

 

		4.	Shipping of Product(s)

		4.1	The Purchaser must indicate place of delivery,
and Bitmain will ship the Product(s) to such designated place. If the Purchaser fails to provide Bitmain with the delivery
place or the delivery place provided by the Purchaser is a false address or does not exist, Bitmain may issue the Purchaser a notice
of self-pick-up (which shall specify the self- pick-up location) and ask the Purchaser to pick up the Products itself. The earliest
date for self-pick-up mentioned in the above notice shall be deemed as the delivery date. Bitmain shall be deemed to have completed
the delivery obligation under this Agreement when the Purchaser receives the above notice. The Purchaser shall pick up all the
Products within five (5) working days after receiving the notice from Bitmain. Otherwise, Bitmain is entitled to charge the Purchaser
the storage fee, warehousing charge and other fees according to the standard of USD 2/ unit / day.

 

		4.2	Subject to the limitations stated in Appendix
A, the terms of delivery of the Product(s) shall be CIP (carriage and insurance paid according to Incoterms 2010). Once the Product(s)
have been delivered to the carrier and the full purchase price of the Products is adequately covered by insurance during international
transport with the beneficiary of such insurance being the Purchaser, Bitmain shall have fulfilled its obligation to supply the
Product(s) to the Purchaser, and the title and risk of loss or damage to the Product(s) shall pass to the Purchaser.

 

 

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		4.3	All delivery dates in Appendix A are estimated,
but not guaranteed. In the case that Purchaser has fulfilled its payment obligations in accordance with the terms and conditions
of this Agreement and Bitmain fails to deliver the Products within the shipping period listed in Appendix A, the Purchaser is entitled
to submit a written reminder to Bitmain. If Bitmain fails to deliver the Products within 30 days after receiving the written reminder
from the Purchaser, the Purchaser is entitled to: (i) request to terminate this Agreement and require Bitmain to return the amounts
paid by the Purchaser without setoff or adjustment (Bitmain shall not pay any interests in this respect), or (ii) continue to perform
this Agreement and require Bitmain to deliver the Products. 

 

		4.4	Bitmain shall not be responsible for any delivery
delay caused by the Purchaser or any third party, including but not limited to the
carrier, the customs, and the import brokers, nor shall it be liable for damages, whether direct, indirect, incidental, consequential,
or otherwise, for any failure, delay or error in delivery of any Product(s) for any reason whatsoever.

 

		4.5	Subject to the Products being adequately
covered by insurance during delivery of the Products to the Purchaser, Bitmain shall not be responsible and the Purchaser shall
be fully and exclusively responsible for any loss of Product(s), personal injury, property
damage, other damage or liability caused by the Product(s) or the transportation of the Product(s) either to the Purchaser or any
third party, or theft of the Product(s) during transportation from Bitmain to the
Purchaser.

 

		4.6	Bitmain has the right to discontinue the
sale of the Product(s) and to make changes to its Product(s) at any time, without prior approval from or notice to the Purchaser.

 

		4.7	If the Product(s) is rejected and/or returned
back to Bitmain because of any reason and regardless of the cause of such delivery failure, the Purchaser shall be solely and exclusively
liable for and shall defend, fully indemnify and hold harmless Bitmain against any and all related expenses, fees, charges and
costs incurred, arising out of or incidental to such rejection and/or return (the “Return Expense”). Furthermore,
if the Purchaser would like to ask for Bitmain’s assistance in redelivering such Product(s) or assist in any other manner,
and if Bitmain at its sole discretion decides to provide this assistance, then in addition to the Return Expense, the Purchaser
shall also pay Bitmain an administrative fee in accordance with Bitmain’s then applicable internal policy.

 

		5.	Customs

		5.1	Bitmain shall obtain in due time and maintain
throughout the term of this Agreement (if applicable), any and all approvals, permits, authorizations, licenses and clearances
for the export of the Product(s) that are required to be obtained by Bitmain or the carrier under Applicable Laws.

 

 

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		5.2	The Purchaser shall obtain in due time and
maintain throughout the term of this Agreement (if applicable), any and all approvals, permits, authorizations, licenses and clearances
required for the import of the Product(s) to the country of delivery as indicated in the Shipping Information, that are required
to be obtained by the Purchaser or the carrier under Applicable Laws, and shall be responsible for any and all additional fees,
expenses and charges in relation to the import of the Product(s).

 

		6.	Warranty

		6.1	Bitmain warrants to the Purchaser that during
the Warranty Period, each Product will conform to the applicable product requirements and specifications and perform and operate
as intended and as set forth on Bitmain’s website for each Product. The Warranty Period
shall start on the Warranty Start Date and end on the 180th day after the Warranty
Start Date or 90 days after return shipment of a repaired Product covered by this warranty. During the Warranty
Period, the Purchaser’s sole and exclusive remedy, and Bitmain’s
entire liability, will be to repair or replace, at Bitmain’s option, the defective part/component of the Product(s) or the
defective Product(s) at no charge to the Purchaser including, but not limited to, any applicable
testing or shipping charges.

 

		6.2	The Parties acknowledge and agree that the
warranty provided by Bitmain as stated in the preceding paragraph does not apply to the following items caused by the Purchaser:

		(i)	normal wear and tear;

		(ii)	damage resulting from accident, abuse, misuse,
neglect, improper handling or improper installation;

		(iii)	damage or loss of the Product(s) caused by
undue physical or electrical stress, including but not limited to moisture, corrosive environments, high voltage surges, extreme
temperatures, shipping, or abnormal working conditions;

 

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		(iv)	damage or loss of the Product(s) caused by
acts of nature including, but not limited to, floods, storms, fires, and earthquakes;

		(v)	damage caused by operator error, or non-compliance
with instructions as set out in accompanying documentation;

		(vi)	alterations by persons other than Bitmain,
associated partners or authorized service facilities;

		(vii)	Product(s), on which the original software
has been replaced or modified by persons other than Bitmain, associated partners or authorized service facilities;

		(viii)	use of counterfeit products;

		(ix)	damage or loss of data due to interoperability
with current and/or future versions of operating system, software and/or hardware;

		(x)	damage or loss of data caused by improper
usage and behavior which is not recommended and/or permitted in the product documentation;

		(xi)	failure of the Product(s) caused by usage
of products not supplied by Bitmain; and

		(xii)	hash boards or chips are burnt.

 

In case the warranty is voided, Bitmain may, at its sole
discretion, provide repair service to the Purchaser, and the Purchaser shall bear all related expenses and costs.

 

		6.3	Notwithstanding anything to the contrary herein,
the Purchaser acknowledges and agrees that the Product(s) provided by Bitmain do not guarantee any cryptocurrency mining time and,
Bitmain shall not be liable for any cryptocurrency mining time loss or cryptocurrency mining revenue loss that are caused by downtime
of any part/component of the Product(s). Bitmain does not warrant that the Product(s) will meet the Purchaser’s requirements
or the Product(s) will be uninterrupted or error free. Except as provided in Clause 6.1 of this Agreement, Bitmain makes no warranties
to the Purchaser with respect to the Product(s), and no warranties of any kind, whether written, oral, express, implied or statutory,
including warranties of merchantability, fitness for a particular purpose or non-infringement or arising from course of dealing
or usage in trade shall apply.

 

		6.4	In the event of any ambiguity or discrepancy
between this Clause 6 of this Agreement and Bitmain’s After-sales Service Policy from time to time, it is intended that the
After-sales Service Policy shall prevail and the Parties shall comply with and give effect to the After-sales Service Policy.

 

 

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		7	Representations and Warranties

The Purchaser makes the following representations
and warranties to Bitmain:

		7.1	It has the full power and authority to purchase the Products and
carry on its businesses.

 

		7.2	The obligations expressed to be assumed by
it under this Agreement are legal, valid, binding and enforceable obligations.

 

		7.3	It has the power to enter into, perform and
deliver, and has taken all necessary action to authorize its entry into, performance and delivery of, this Agreement and the transactions
contemplated by this Agreement.

 

		7.4	The entry into and performance by it of,
and the transactions contemplated by, this Agreement do not and will not conflict
with:

		(i)	any Applicable Law;

		(ii)	its constitutional documents; or

		(iii)	any agreement or instrument binding upon it or any of its assets.

 

		7.5	All authorizations required or desirable:

		(i)	to enable it lawfully to enter into, exercise
its rights under and comply with its obligations under this Agreement;

		(ii)	to ensure that those obligations are legal, valid, binding and enforceable;
and

		(iii)	to make this Agreement admissible in evidence
in its jurisdiction of incorporation,have been or will have been by the time, obtained or effected and are, or will be by the appropriate
time, in full force and effect.

 

		7.6	It is not aware of any circumstances which are likely to lead to:

		(i)	any authorization obtained or effected not remaining in full force
and effect;

		(ii)	any authorization not being obtained, renewed
or effected when required or desirable; or any authorization being subject to a condition or requirement which it does not reasonably
expect to satisfy or the compliance with which has or could reasonably be expected to have a material adverse effect.

 

		7.7	(a) It is not the target of economic sanctions
administered by the Office of Foreign Assets Control of the U.S. Department of the Treasury,
the U.S. Department of State, the United Nations Security Council, the European Union, Her Majesty’s Treasury or Singapore
(“Sanctions”), including by being listed on the Specially Designated Nationals and Blocked Persons (SDN) List maintained
by OFAC or any other Sanctions list maintained by one of the foregoing governmental
authorities, directly or indirectly owned or controlled by one or more SDNs or other Persons included on any other Sanctions list,
or located, organized or resident in a country or territory that is the target of Sanctions, and (b) the purchase of the Product(s)
will not violate any Sanctions or import and export control related laws and regulations.

 

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		7.8	All information supplied by the Purchaser
is and shall be true and correct, and the information does not contain and will not contain any statement that is false or misleading.

 

		8	Indemnification and Limitation of Liability

		8.1	Each party shall, during the term of this
Agreement and at any time thereafter, indemnify and save each other harmless from and against any and all damages, suits, claims,
judgments, liabilities, losses, fees, costs or expenses of any kind, including legal fees, whatsoever arising out of or incidental
to the Products pursuant to this Agreement, including but not limited, to any Product(s) infringing on Intellectual Property Rights
of a third party.

 

		8.2	Notwithstanding anything to the contrary
herein, neither party shall under no circumstances, be liable to each other for any consequential loss, or loss of goodwill, business,
anticipated profits, revenue, contract, or business opportunity arising out of or in connection with this Agreement, and each
party hereby waives any claim it may at any time have against the other in respect of any such damages. The foregoing limitation
of liability shall apply whether in an action at law, including but not limited to
contract, strict liability, negligence, willful misconduct or other tortious action, or an action in equity.

 

		8.3	Each Parties’ cumulative aggregate
liability pursuant to this Agreement, whether arising from tort, breach of contract or any other cause of action shall be limited
to and not exceed the amount of one hundred percent (100%) of the Total Purchase Price actually received by Bitmain from the Purchaser
and paid by the Purchaser to Bitmain for the Product(s).

 

		8.4	The Product(s) are not designed, manufactured
or intended for use in hazardous or critical environments or in activities requiring emergency or fail-safe operation, such as
the operation of nuclear facilities, aircraft navigation or communication systems or in any other applications or activities in
which failure of the Product(s) may pose the risk of environmental harm or physical injury or death to humans. Bitmain specifically
disclaims any express or implied warranty of fitness for any of the above described application and any such use shall be at the
Purchaser’s sole risk.

 

		8.5	The above limitations and exclusions shall
apply (1) notwithstanding failure of essential purpose of any exclusive or limited remedy; and (2) whether or not such party has
been advised of the possibility of such damages. This Clause allocates the risks under this Agreement and the pricing reflects
this allocation of risk and the above limitations.

 

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		9	Distribution

		9.1	This Agreement does not constitute a distributor
agreement between Bitmain and the Purchaser. Therefore, the Purchaser is not an authorized distributor of Bitmain.

 

		9.2	The Purchaser shall in no event claim or imply
to a third party that it is an authorized distributor of Bitmain or Bitmain (Antminer) or any similar terms, or perform any act
that will cause it to be construed as an authorized distributor of Bitmain or Bitmain (Antminer). As between the Purchaser and
Bitmain, the Purchaser shall be exclusively and fully responsible for complying with the Applicable Laws regarding repackaging
the Product(s) for the Purchaser’s redistribution needs, and shall be solely liable for any and all liabilities or costs
directly incurred or incidental to such redistribution.

 

		10	Intellectual Property Rights

		10.1	The Parties agree that the Intellectual Property
Rights in any way contained in the Product(s), made, conceived or developed by Bitmain and/or its Affiliates for the Product(s)
under this Agreement and/or, achieved, derived from, related to, connected with the provision of the Product(s) by Bitmain and/or
acquired by Bitmain from any other person in performance of this Agreement shall be the exclusive property of Bitmain and/or its
Affiliates.

 

		10.2	Notwithstanding anything to the contrary herein,
all Intellectual Property Rights in the Product(s) shall remain the exclusive property of Bitmain and/or its licensors. Except
for licenses explicitly identified in Bitmain’s shipping confirmation or in this Clause 10.2, no rights or licenses are expressly
granted, or implied, whether by estoppel or otherwise, in respect of any Intellectual Property Rights of Bitmain and/or its Affiliates
or any Intellectual Property residing in the Product(s) provided by Bitmain to the Purchaser, including in any documentation or
any data furnished by Bitmain. Bitmain grants the Purchaser a non-exclusive, non-transferrable, royalty- free and irrevocable license
of Bitmain and/or its Affiliates’ Intellectual Property Rights to solely use the Product(s) delivered by Bitmain to the Purchaser
for their ordinary function, and subject to the Clauses set forth herein. The Purchaser shall in no event violate the Intellectual
Property Rights of Bitmain and/or its licensors.

 

		10.3	If applicable, payment by the Purchaser of
non-recurring charges to Bitmain for any special designs, or engineering or production materials required for Bitmain’s performance
of Orders for customized Product(s), shall not be construed as payment for the assignment from Bitmain to the Purchaser of title
to the design or special materials. Bitmain shall be the sole owner of such special designs, engineering or production materials.

 

 

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		11	Confidential Information and Disclosure

 

		11.1	All information concerning this Agreement and matters pertaining
to or derived from the provision of Product(s) pursuant to this Agreement between the Parties, whether in oral or written form,
or in the form of drawings, computer programs or other, as well as all data derived therefrom (“Confidential Information”),
shall be deemed to be confidential and, as such, may not be divulged to any unauthorized person. The Parties undertake and agree
to take all reasonable and practicable steps to ensure and protect the confidentiality of the Confidential Information which cannot
be passed, sold, traded, published or disclosed to any unauthorized person.

		11.2	Notwithstanding Section 11.1, Bitmain acknowledges
and agrees that Purchaser is a U.S. publicly traded company and may be required to disclose this Agreement and its related terms,
in order to comply with applicable securities laws, including its disclosure obligations under the U.S. Securities Exchange Act
of 1934, as amended.

 

		12	Term and Termination
of this Agreement

		12.1	This Agreement will be effective upon Bitmain’s
issuance of the shipping confirmation to the Purchaser, provided that if there is more than one shipping confirmation, this Agreement
will be effective to the Products contained in each shipping confirmation upon Bitmain’s issuance of the respective shipping
confirmation to the Purchaser.

 

		12.2	Bitmain shall be entitled to terminate this
Agreement with immediate effect upon written notice to the Purchaser if:

		(i)	the Purchaser fails to comply in any material
respect of this Agreement, and where that failure is capable of being remedied, fails to remedy it within thirty (30) days of being
required by Bitmain to do so;

		(ii)	it is or becomes unlawful for the Purchaser
to perform or comply with any of its material obligations under this Agreement or all or a material part of the obligations of
the Purchaser under this Agreement are not or cease to be valid, binding and enforceable; or

		(iii)	an Insolvency Event occurs in respect of the Purchaser.

 

		12.3	The Purchaser shall be entitled to terminate
this Agreement with immediate effect upon written notice to Bitmain if Bitmain fails to deliver the Product(s) to the carrier in
accordance with the delivery dates indicated in the shipping confirmation, and fails to remedy it within the time period pursuant
to Section 4.3 of being required by the Purchaser to do so.

 

 

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		12.4	This Agreement shall also be automatically
terminated between the Parties if the Order is cancelled because of any reason stated in this Agreement.

 

		12.5	Termination of this Agreement shall be without
prejudice to the rights and liabilities of the Parties accrued prior to or as a result of such termination, including those related
to antecedent breaches. Termination of this Agreement for any cause or otherwise shall not release a Party from any liability which
at the time of termination has already accrued to the other Party or which thereafter may accrue in respect of any act or omission
prior to such termination. The rights and obligations of the Parties under Clause 1 (Definitions and Interpretations), Clause 10
(Intellectual Property Rights), Clause 11 (Confidential Information and Disclosure),
Clause 12 (Term and Termination of this Agreement), Clause 13 (Contact Information),
Clause 14 (Compliance with Laws and Regulations) and Clause 21 (Governing Law and Dispute Resolution) shall survive the termination
of this Agreement.

 

		13	Contact Information

All communications in relation to this Agreement
shall be made to the following contacts:

Purchaser’s business contact:

 

Name: Jeff McGonegal Phone: +1 303-794-2000

Email: [****]

 

Bitmain’s business contact:

 

Name: Peng LI

 

Phone: [****]

 

Email: [****]

 

		14	Compliance with Laws and Regulations

		14.1	The Purchaser undertakes that it will fully
comply with all Applicable Laws in relation to export and import control and Sanctions and shall not take any action that would
cause Bitmain or any of its Affiliates to be in violation of any export and import control laws or Sanctions. The Purchaser shall
also be fully and exclusively liable for and shall defend, fully indemnify and hold harmless Bitmain and/or its Affiliates from
and against any and all claims, demands, actions, costs or proceedings brought or instituted against Bitmain and/or its Affiliates
arising out of or in connection with any breach by the Purchaser or the carrier of any Applicable Laws in relation to export and
import control or Sanction.

 

 

    	14  

    	 

    

 

 

		14.2	The Purchaser acknowledges and agrees that
the Product(s) in this Agreement are subject to the export control laws and regulations of all related countries, including but
not limited to the Export Administration Regulations (“EAR”) of the United States. Without limiting the foregoing,
the Purchaser shall not, without receiving the proper licenses or license exceptions from all related governmental authorities,
including but not limited to the U.S. Bureau of Industry and Security, distribute, re- distribute, export, re-export, or transfer
any Product(s) subject to this Agreement either directly or indirectly, to any national of any country identified in Country Groups
D:1 or E:1 as defined in the EARs. In addition, the Product(s) under this Agreement may not be exported, re-exported, or transferred
to (a) any person or entity listed on the “Entity List”, “Denied Persons List” or the SDN List as such
lists are maintained by the U.S. Government, or (b) an end-user engaged in activities related to weapons of mass destruction. Such
activities include but are not necessarily limited to activities related to: (1) the design, development, production, or use of
nuclear materials, nuclear facilities, or nuclear weapons; (2) the design, development, production, or use of missiles or support
of missiles projects; and (3) the design, development, production, or use of chemical or biological weapons. The Purchaser further
agrees that it will not do any of the foregoing in violation of any restriction, law, or
regulation of the European Union or an individual EU member state that imposes on an exporter a burden equivalent to or greater
than that imposed by the

U.S. Bureau of Industry and
Security.

 

		14.3	The Purchaser undertakes that it will not
take any action under this Agreement or use the Product(s) in a way that will be a breach
of any anti-money laundering laws, any anti-corruption laws, and/or any counter-terrorist financing laws.

 

		14.4	The Purchaser warrants that the Product(s)
have been purchased with funds that are from legitimate sources and such funds do not constitute proceeds of criminal conduct,
or realizable property, or proceeds of terrorism financing or property of terrorist,
within the meaning given in the Corruption, Drug Trafficking and Other Serious Crimes (Confiscation of Benefits) Act (Chapter 65A)
and the Terrorism (Suppression of Financing) Act (Chapter 325), respectively. The Purchaser understands that if any Person resident
in Singapore knows or suspects or has reasonable grounds for knowing or suspecting that another Person is engaged in criminal conduct
or is involved with terrorism or terrorist property and the information for that knowledge or suspicion came to their attention
in the course of business in the regulated sector, or other trade, profession, business or employment, the Person will be required
to report such knowledge or suspicion to the Suspicious Transaction Reporting Office, Commercial Affairs Department of the Singapore
Police Force. The Purchaser acknowledges that such a report shall not be treated as breach of confidence or violation of any restriction
upon the disclosure of information imposed by any Applicable Law, contractually or
otherwise.

 

 

    	15  

    	 

    

 

 

		15	Force Majeure

		15.1	To the
extent that a Party is fully or partially delayed, prevented or hindered by an event of Force Majeure from performing any obligation
under this Agreement (other than an obligation to make payment), subject to the exercise of reasonable diligence by the affected
Party, the failure to perform shall be excused by the occurrence of such event of
Force Majeure. A Party claiming that its performance is excused by an event of Force Majeure shall, promptly after the occurrence
of such event of Force Majeure, notify the other Party of the nature, date of inception and expected duration of such event of
Force Majeure and the extent to which the Party expects that the event will delay, prevent
or hinder the Party from performing its obligations under this Agreement. The notifying Party shall thereafter use its best effort
to eliminate such event of Force Majeure and mitigate its effects.

 

		15.2	The affected Party shall use reasonable diligence
to remove the event of Force Majeure, and shall keep the other Party informed of all significant developments.

 

		16	Entire Agreement and Amendment

This Agreement, constitutes
the entire agreement of the Parties hereto and can only be amended with the written consent of both Parties or otherwise as mutually
agreed by both Parties.

 

		17	Assignment

Bitmain
may freely assign this Agreement in whole or in part to its Affiliates or to any third party.
The Purchaser may not assign this Agreement in whole or in part without Bitmain’s prior written consent.

 

		18	Severability

To
the extent possible, if any provision of this Agreement is held to be illegal, invalid or unenforceable in whole or in part
by a court, the provision shall apply with whatever deletion or modification is necessary so that such provision is legal, valid
and enforceable and gives effect to the commercial intention of the Parties. The remaining provisions of this Agreement shall not
be affected and shall remain in full force and effect.

 

		19	Personal Data

 

Depending on the nature
of the Purchaser’s interaction with Bitmain, some examples of personal data which Bitmain may collect from the Purchaser
include the Purchaser’s name and identification information, contact information such as the Purchaser’s address, email
address and telephone number, nationality, gender, date of birth, and financial information such as credit card numbers, debit
card numbers and bank account information.

 

    	16  

    	 

    

 

 

Bitmain
generally does not collect the Purchaser’s personal data unless (a) it is provided to Bitmain voluntarily by the Purchaser
directly or via a third party who has been duly authorized by the Purchaser to disclose the Purchaser’s personal data to
Bitmain (the Purchaser’s “authorized representative”) after (i) the Purchaser (or the Purchaser’s authorized
representative) has been notified of the purposes for which the data is collected, and (ii) the Purchaser (or the Purchaser’s
authorized representative) has provided written consent to the collection and usage of the Purchaser’s personal data for
those purposes, or

(b) collection and use
of personal data without consent is permitted or required by related laws. Bitmain shall seek the Purchaser’s consent before
collecting any additional personal data and before using the Purchaser’s personal data for a purpose which has not been notified
to the Purchaser (except where permitted or authorized by law).

 

		20	Conflict with the Terms and Conditions

In
the event of any ambiguity or discrepancy between the Clauses of this Agreement and the Terms
and Conditions from time to time, it is intended that the Clauses of this Agreement shall prevail and the Parties shall
comply with and give effect to this Agreement.

 

		21	Governing Law and Dispute Resolution

		21.1	This Agreement shall be solely governed by and
construed in accordance with the laws of Singapore. The Parties agree that the United Nations Convention on Contracts for the International
Sale of Goods does not apply to this Agreement. 

 

		21.2	Any dispute, controversy, difference or claim
arising out of or relating to this Agreement, including the existence, validity, interpretation, performance, breach or termination
hereof or any dispute regarding non-contractual obligations arising out of or relating to this Agreement shall be referred to and
finally resolved by arbitration administered by the Singapore International Arbitration Centre (SIAC) under the SIAC Arbitration
Rules in force when the notice of arbitration is submitted. The law of this arbitration clause shall be Singapore law.
The seat of arbitration shall be Singapore. The arbitration proceedings shall be conducted in English. The number of arbitrators
shall be three unless otherwise subsequently agreed in writing by the Parties.

 

 

    	17  

    	 

    

 

 

		22	Waiver

Failure by either Party
to enforce at any time any provision of this Agreement, or to exercise any election of options provided herein shall not constitute
a waiver of such provision or option, nor affect the validity of this Agreement or any part hereof, or the right of the waiving
Party to thereafter enforce each and every such provision or option.

 

		23	Counterparts and Electronic Signatures

This
Agreement may be executed in one or more counterparts, each of which will be deemed to be an original copy of this Agreement, and
all of which, when taken together, will be deemed to constitute one and the same agreement. The email or other electronically delivered
signatures of the Parties shall be deemed to constitute original signatures, or electronic copies hereof shall be deemed to constitute
duplicate originals.

 

(The rest part of the page
is intentionally left in blank)

 

 

    	18  

    	 

    
 

	 	Bitmaintech Pte. Ltd.	 
	 	Signature:     /s/ Jihan Wu       	 
	 	Title:       CEO      	 

 

 

 

 Signed for and on behalf of the Purchaser

	 	The Purchaser	 
	 	 	 
	 	Signature By:    /s/ Jeffrey McGonegal      
	 	Title:      Chief Executive Officer      

 

 

    	19  

    	 

    

APPENDIX A

 

		1.	Per the Purchaser’s request, Bitmain
will provide the following Product(s) upon full payment in accordance with the terms specified hereunder:

 

	Description of Product(s)	Price
	Unit price	Units	Total
	
         

        Antminer
        S19 [****],[****]
	US$ 1,939.00	1,040	US$2,016,560.00
	First Carrier:  Estimated Shipping cost to USA via Aircargo	TBD
	Extra Discount	US$75,217.69
	TOTAL PURCHASE PRICE:    US$1,941,140.66 
	Estimated Shipping Time (Delivery Date): before 25 July 2020

**** Certain product specifications,
including specific model variant numbers and the corresponding number of such model variants of the Antminer S19 Pro digital currency
miners purchased by Riot under this Agreement have been omitted from this table to protect Riot from the competitive harm which
would occur if such specific information was disclosed to the public.

 

		2.	Where the actual Products provided by Bitmain
are not in consistence with the description listed in Article 1 of Appendix 1, provided that all the following three requirements
are met, the unit price and/or quantity of the Products can be adjusted by Bitmain based on the actual type of the Products before
delivery. The types, quantity and unit price of the actual delivered Products shall
be subject to the statement issued by Bitmain. the Purchaser shall not refuse to accept the Products on the grounds that the types,
quantity and/or unit price of the actual delivered Products are inconsistent with Article 1 of Appendix 1:

		(1)	The total hashrate of the Products actually
delivered by Bitmain to the Purchaser shall not be less than the total hashrate as stipulated in Article 2 of Appendix A;

		(2)	The Products actually delivered by Bitmain
to the Purchaser are S19 series Products.

 

 

 

    	20  

    	 

    

		(3)	The total price of the Products actually
delivered by Bitmain to the Purchaser shall not exceed the Total Purchase Price of
the Products as stipulated in Article 1 of Appendix A.

 

		3.	Bitmain’s BANK ACCOUNT info:

 

Account
Name: Bitmaintech Pte Ltd

Beneficiary
Bank: [****]

Address: [****]

Swift
Code: [****]

Bank
Code: [****]

Branch
Code: [****]

Account
Number (USD): [****]

 

		4.	The payment shall be arranged by the Purchaser
as follows: one hundred percent (100%) of the Total Purchase Price of the Product(s)
as listed above shall be paid as non-refundable down payment (unless otherwise explicitly specified in this Agreement) within [3] working
days upon the placement of the Order by the Purchaser, otherwise the Order will be cancelled and Bitmain shall not be required
to review and/or to confirm the Order by issuing an Order Confirmation. Payments shall
be paid in United States Dollars (USD) by wire transfer to Bitmain’s Bank Account.

 

		5.	Without prejudice to the above, the unit
price and the Total Purchase Price of the Product(s) and any amount paid by the Purchaser
shall be all denominated in USD. Where the Parties agree that the payments shall be made in cryptocurrencies, the exchange rate
between the USD and the cryptocurrency selected shall be determined and calculated as follows: (1) in the event that the Purchaser
pays for any order placed on Bitmain’s official Website (the “Website”)
which is valid and has not been fully paid yet, the exchange rate between United States Dollars and the cryptocurrency fixed
in such placed order shall apply, or (2) in any other case, the real time exchange
rate between the USD and the cryptocurrency displayed on the Website upon payment
shall apply. The exchange rate between the USD and the cryptocurrency shall be fixed
according to this provision. In any circumstance, the Purchaser shall not ask for
any refund due to the change of exchange rate.

 

 

21Exhibit 4.5 

 

PREFUNDED
AMERICAN DEPOSITARY SHARES PURCHASE WARRANT

 

geneTIC
technologies LIMITED

 

	Warrant
    ADSs: _________	Issue
    Date: ________, 2020

 

THIS
PREFUNDED AMERICAN DEPOSITARY SHARES PURCHASE WARRANT (the “Warrant”) certifies that, for value received, ____________
or its assigns (the “Holder”) is entitled, upon the terms and subject to the limitations on exercise and the
conditions hereinafter set forth, at any time on or after the date hereof (the “Initial Exercise Date”) until
this Warrant is exercised in full (the “Termination Date”), but not thereafter, to subscribe for and purchase
from Genetic Technologies Limited, an Australian corporation (the “Company”), up to ______ American Depositary
Shares (“ADSs”), each ADS representing six hundred (600) ordinary shares, no par value, of the Company (the
“Ordinary Shares”) (as subject to adjustment hereunder, the “Warrant Shares”) (the ADSs
issuable hereunder, the “Warrant ADSs”). The purchase price of one ADS under this Warrant shall be equal to
the Exercise Price, as defined in Section 2(b).

 

Section
1.Definitions. In addition to the terms defined elsewhere in this Warrant, the following terms have the meanings
indicated in this Section 1:

 

“Affiliate”
means any Person that, directly or indirectly through one or more intermediaries, controls or is controlled by or is under common
control with a Person, as such terms are used in and construed under Rule 405 under the Securities Act.

 

“Board
of Directors” means the board of directors of the Company.

 

Business
Day” means any day other than Saturday, Sunday or other day on which commercial banks in The City of New York are authorized
or required by law to remain closed, provided that banks shall not be deemed to be authorized or obligated to be closed due to
a “shelter in place,” “non-essential employee” or similar closure of physical branch locations at the
direction of any governmental authority if such banks’ electronic funds transfer systems (including for wire transfers)
are open for use by customers on such day.

 

“Commission”
means the United States Securities and Exchange Commission.

 

“Deposit
Agreement” means the Deposit Agreement dated as of January 14, 2002, as amended, among the Company, The Bank of New
York Mellon as Depositary and the owners and holders of ADSs from time to time, as such agreement may be amended or supplemented.

 

    	 	1	 

     

    

 

“Depositary”
means The Bank of New York Mellon, as Depositary under the Deposit Agreement.

 

“Exchange
Act” means the Securities Exchange Act of 1934, as amended, and the rules and regulations promulgated thereunder.

 

“Ordinary
Share Equivalents” means any securities of the Company or the Subsidiaries which would entitle the holder thereof to
acquire at any time Ordinary Shares or ADSs, including, without limitation, any debt, preferred shares, right, option, warrant
or other instrument that is at any time convertible into or exercisable or exchangeable for, or otherwise entitles the holder
thereof to receive, Ordinary Shares or ADSs.

 

“Person”
means an individual or corporation, partnership, trust, incorporated or unincorporated association, joint venture, limited liability
company, joint stock company, government (or an agency or subdivision thereof) or other entity of any kind.

 

“Purchase
Agreement” means that certain Securities Purchase Agreement, by and among the Company and certain holders of the Warrants,
dated as of _______, 2020.

 

“Registration
Statement” means the Company’s registration statement on Form F-1 (File No. 333-235542).

 

“Securities
Act” means the Securities Act of 1933, as amended, and the rules and regulations promulgated thereunder.

 

“Subsidiary”
means any subsidiary of the Company and shall, where applicable, also include any direct or indirect subsidiary of the Company
formed or acquired after the date hereof.

 

“Trading
Day” means a day on which the ADSs are traded on a Trading Market.

 

“Trading
Market” means any of the following markets or exchanges on which the Ordinary Shares and/or ADSs are listed or quoted
for trading on the date in question: the NYSE American, the Nasdaq Capital Market, the Nasdaq Global Market, the Nasdaq Global
Select Market, the New York Stock Exchange, OTCQB or OTCQX (or any successors to any of the foregoing).

 

    	 	2	 

     

    

 

Section
2.Exercise.

 

a)       Exercise
of Warrant. Exercise of the purchase rights represented by this Warrant may be made, in whole or in part, at any time or times
on or after the Initial Exercise Date and on or before the Termination Date by delivery to the Company and the Depositary, as
applicable, of a duly executed facsimile copy or PDF copy submitted by electronic mail (or e-mail attachment) of the Notice of
Exercise in the form annexed hereto (“Notice of Exercise”). Within the earlier of (i) two (2) Trading Days
and (ii) the number of Trading Days comprising the Standard Settlement Period (as defined in Section 2(d)(i) herein) following
the date of exercise as aforesaid, the Holder shall deliver the aggregate Exercise Price for the ADSs specified in the applicable
Notice of Exercise by wire transfer or cashier’s check drawn on a United States bank, unless the cashless exercise procedure
specified in Section 2(c) below is specified in the applicable Notice of Exercise. No ink-original Notice of Exercise shall be
required, nor shall any medallion guarantee (or other type of guarantee or notarization) of any Notice of Exercise be required.
Notwithstanding anything herein to the contrary, the Holder shall not be required to physically surrender this Warrant to the
Company until the Holder has exercised all of the Warrant ADSs available hereunder and the Warrant has been exercised in full,
in which case the Holder shall surrender this Warrant to the Company for cancellation within three (3) Trading Days of the date
on which the final Notice of Exercise is delivered to the Company. Partial exercises of this Warrant resulting in purchases of
a portion of the total number of Warrant ADSs available hereunder shall have the effect of lowering the outstanding number of
Warrant ADSs issuable hereunder in an amount equal to the applicable number of Warrant ADSs exercised. The Holder and the Company
shall maintain records showing the number of Warrant ADSs issued and the date of such exercises. The Company shall deliver any
objection to any Notice of Exercise within one (1) Business Day of receipt of such notice. The Holder and any assignee, by
acceptance of this Warrant, acknowledge and agree that, by reason of the provisions of this paragraph, following the exercise
of a portion of the Warrant ADSs hereunder, the number of Warrant ADSs available for exercise hereunder at any given time may
be less than the amount stated on the face hereof.

 

b)       Exercise
Price. The aggregate exercise price of this Warrant, except for a nominal exercise price of $0.0001 per Warrant ADS, was pre-funded
to the Company on or prior to the Initial Exercise Date and, consequently, no additional consideration (other than the nominal
exercise price of $0.0001 per Warrant ADS) shall be required to be paid by the Holder to any Person to effect any exercise of
this Warrant. The Holder shall not be entitled to the return or refund of all, or any portion, of such pre-paid aggregate exercise
price under any circumstance or for any reason whatsoever, including in the event this Warrant shall not have been exercised prior
to the Termination Date. The remaining unpaid exercise price per ADS under this Warrant shall be $0.0001, subject to adjustment
hereunder (the “Exercise Price”).

 

    	 	3	 

     

    

 

c)       Cashless
Exercise. This Warrant may also be exercised, in whole or in part, at such time by means of a “cashless exercise”
in which the Holder shall be entitled to receive a number of Warrant ADSs equal to the quotient obtained by dividing [(A-B) (X)]
by (A), where:

 

(A)
= as applicable: (i) the VWAP on the Trading Day immediately preceding the date of the applicable Notice of Exercise if such Notice
of Exercise is (1) both executed and delivered pursuant to Section 2(a) hereof on a day that is not a Trading Day or (2) both
executed and delivered pursuant to Section 2(a) hereof on a Trading Day prior to the opening of “regular trading hours”
(as defined in Rule 600(b)(68) of Regulation NMS promulgated under the federal securities laws) on such Trading Day, (ii) at the
option of the Holder, either (y) the VWAP on the Trading Day immediately preceding the date of the applicable Notice of Exercise
or (z) the Bid Price of the ADS on the principal Trading Market as reported by Bloomberg L.P. as of the time of the Holder’s
execution of the applicable Notice of Exercise if such Notice of Exercise is executed during “regular trading hours”
on a Trading Day and is delivered within two (2) hours thereafter (including until two (2) hours after the close of “regular
trading hours” on a Trading Day) pursuant to Section 2(a) hereof, or (iii) the VWAP on the date of the applicable Notice
of Exercise if the date of such Notice of Exercise is a Trading Day and such Notice of Exercise is both executed and delivered
pursuant to Section 2(a) hereof after the close of “regular trading hours” on such Trading Day;

 

(B)
= the Exercise Price of this Warrant, as adjusted hereunder; and

 

(X)
= the number of Warrant ADSs that would be issuable upon exercise of this Warrant in accordance with the terms of this Warrant
if such exercise were by means of a cash exercise rather than a cashless exercise.

 

If
Warrant ADSs are
issued in such a cashless exercise, the parties acknowledge and agree that, in accordance with Section 3(a)(9) of the Securities
Act, the Warrant ADSs shall take on the registered characteristics of the Warrants
being exercised. The Company agrees not to take any position contrary to this Section 2(c).

 

“Bid
Price” means, for any date, the price determined by the first of the following clauses that applies: (a) if the ADS
is then listed or quoted on a Trading Market, the bid price of the ADS for the time in question (or the nearest preceding date)
on the Trading Market on which the ADS is then listed or quoted as reported by Bloomberg L.P. (based on a Trading Day from 9:30
a.m. (New York City time) to 4:02 p.m. (New York City time)), (b) if OTCQB or OTCQX is not a Trading Market, the volume weighted
average price of the ADS for such date (or the nearest preceding date) on OTCQB or OTCQX as applicable, (c) if the ADS is not
then listed or quoted for trading on OTCQB or OTCQX and if prices for the ADS are then reported in The Pink Open Market (or a
similar organization or agency succeeding to its functions of reporting prices), the most recent bid price per ADS so reported,
or (d) in all other cases, the fair market value of an ADS as determined by an independent appraiser selected in good faith by
the Purchasers of a majority in interest of the Securities then outstanding and reasonably acceptable to the Company, the fees
and expenses of which shall be paid by the Company.

 

    	 	4	 

     

    

 

“VWAP”
means, for any date, the price determined by the first of the following clauses that applies: (a) if the ADS is then listed or
quoted on a Trading Market, the daily volume weighted average price of the ADS for such date (or the nearest preceding date) on
the Trading Market on which the ADS is then listed or quoted as reported by Bloomberg L.P. (based on a Trading Day from 9:30 a.m.
(New York City time) to 4:02 p.m. (New York City time)), (b) if OTCQB or OTCQX is not a Trading Market, the volume weighted average
price of the ADS for such date (or the nearest preceding date) on OTCQB or OTCQX as applicable, (c) if the ADS is not then listed
or quoted for trading on OTCQB or OTCQX and if prices for the ADS are then reported in The Pink Open Market (or a similar organization
or agency succeeding to its functions of reporting prices), the most recent bid price per ADS so reported, or (d) in all other
cases, the fair market value of an ADS as determined by an independent appraiser selected in good faith by the Purchasers of a
majority in interest of the Securities then outstanding and reasonably acceptable to the Company, the fees and expenses of which
shall be paid by the Company.

 

		d)	Mechanics
                                         of Exercise.

 

i.       Delivery
of Warrant ADSs Upon Exercise. The Company shall cause its registrar to deposit the Warrant Shares subject to such exercise
with Depositary, and cause the Depositary to credit the account of the Holder’s or its designee’s balance account
with The Depository Trust Company (or another established clearing corporation performing similar functions) through its Deposit
or Withdrawal at Custodian system (“DWAC”) if the Depositary is then a participant in such system and either
(A) there is an effective registration statement permitting the issuance of the Warrant ADSs to or resale of the Warrant ADSs
by the Holder or (B) this Warrant is being exercised via cashless exercise, and otherwise by physical delivery of the Warrant
Shares, registered in the Company’s share register in the name of the Holder or its designee, for the number of Warrant
ADSs to which the Holder is entitled pursuant to such exercise to the address specified by the Holder in the Notice of Exercise
by the date that is the earlier of (i) two (2) Trading Days and (ii) the number of Trading Days comprising the Standard Settlement
Period after the delivery to the Company of the Notice of Exercise (such date, the “Warrant ADS Delivery Date”)
provided that the Warrant ADS Delivery Date shall not be deemed to have occurred until such time that the Company has received
the aggregate Exercise Price. Upon delivery of the Notice of Exercise, the Holder shall be deemed for all corporate purposes to
have become the holder of record of the Warrant ADSs with respect to which this Warrant has been exercised, irrespective of the
date of delivery of the Warrant ADSs. If the Company fails for any reason to deliver to the Holder the Warrant ADSs subject to
a Notice of Exercise by the Warrant ADS Delivery Date, the Company shall pay to the Holder, in cash, as liquidated damages and
not as a penalty, for each $1,000 of Warrant ADSs subject to such exercise (based on the VWAP of the ADS on the date of the applicable
Notice of Exercise), $10 per Trading Day (increasing to $20 per Trading Day on the fifth Trading Day after such liquidated damages
begin to accrue) for each Trading Day after such Warrant ADS Delivery Date until such Warrant ADSs are delivered or Holder rescinds
such exercise. The Company agrees to maintain a registrar (which can be the depositary) that is a participant in the FAST program
so long as this Warrant remains outstanding and exercisable. “Standard Settlement Period” means the standard
settlement period, expressed in a number of Trading Days, on the Company’s primary Trading Market with respect to the ADSs
as in effect on the date of delivery of the Notice of Exercise. Notwithstanding the foregoing, with respect to any Notice(s) of
Exercise delivered on or prior to 12:00 p.m. (New York City time) on the Initial Exercise Date, which may be delivered at any
time after the time of execution of the Purchase Agreement, the Company agrees to deliver the Warrant ADSs subject to such notice(s)
by 4:00 p.m. (New York City time) on the Initial Exercise Date and the Initial Exercise Date shall be the Warrant ADS Delivery
Date for purposes hereunder.

 

    	 	5	 

     

    

 

ii.       Delivery
of New Warrants Upon Exercise. If this Warrant shall have been exercised in part, the Company shall, at the request of a Holder
and upon surrender of this Warrant, at the time of delivery of the Warrant ADSs, deliver to the Holder a new Warrant evidencing
the rights of the Holder to exercise the unexercised Warrant ADSs called for by this Warrant, which new Warrant shall in all other
respects be identical with this Warrant.

 

iii.       Rescission
Rights. If the Company fails to cause the Depositary to transmit to the Holder the Warrant ADSs pursuant to Section 2(c)(i)
by the Warrant ADS Delivery Date, then the Holder will have the right to rescind such exercise; provided, however,
that the Holder shall be required to return any Warrant ADSs or Ordinary Shares subject to any such rescinded exercise notice
concurrently and the restoration of Holder’s right to acquire such Warrant ADSs pursuant to this Warrant (including, issuance
of a replacement warrant certificate evidencing such restored right).

 

iv.       Compensation
for Buy-In on Failure to Timely Deliver Warrant ADSs Upon Exercise. In addition to any other rights available to the Holder,
if the Company fails to cause the Depositary to transmit to the Holder the Warrant ADSs in accordance with the provisions of Section
2(c)(i) above pursuant to an exercise on or before the Warrant ADS Delivery Date, and if after such date the Holder is required
by its broker to purchase (in an open market transaction or otherwise) or the Holder’s brokerage firm otherwise purchases,
ADSs to deliver in satisfaction of a sale by the Holder of the Warrant ADSs which the Holder anticipated receiving upon such exercise
(a “Buy-In”), then the Company shall (A) pay in cash to the Holder the amount, if any, by which (x) the Holder’s
total purchase price (including brokerage commissions, if any) for the ADSs so purchased exceeds (y) the amount obtained by multiplying
(1) the number of Warrant ADSs that the Company was required to deliver to the Holder in connection with the exercise at issue
times (2) the price at which the sell order giving rise to such purchase obligation was executed, and (B) at the option of the
Holder, either reinstate the portion of the Warrant and equivalent number of Warrant ADSs for which such exercise was not honored
(in which case such exercise shall be deemed rescinded) or deliver to the Holder the number of ADSs that would have been issued
had the Company timely complied with its exercise and delivery obligations hereunder. For example, if the Holder purchases ADSs
having a total purchase price of $11,000 to cover a Buy-In with respect to an attempted exercise of Warrants with an aggregate
sale price giving rise to such purchase obligation of $10,000, under clause (A) of the immediately preceding sentence the Company
shall be required to pay the Holder $1,000. The Holder shall provide the Company written notice indicating the amounts payable
to the Holder in respect of the Buy-In and, upon request of the Company, evidence of the amount of such loss. Nothing herein shall
limit a Holder’s right to pursue any other remedies available to it hereunder, at law or in equity including, without limitation,
a decree of specific performance and/or injunctive relief with respect to the Company’s failure to timely deliver ADSs upon
exercise of the Warrant as required pursuant to the terms hereof.

 

    	 	6	 

     

    

 

v.       No
Fractional ADSs or Scrip. No fractional ADSs or scrip representing fractional ADSs shall be issued upon the exercise of this
Warrant.

 

vi.       Charges,
Taxes and Expenses. Issuance of Warrant ADSs shall be made without charge to the Holder for any issue or transfer tax or other
incidental expense in respect of the issuance of such Warrant ADSs, all of which taxes and expenses shall be paid by the Company,
and such Warrant ADSs shall be issued in the name of the Holder or in such name or names as may be directed by the Holder; provided,
however, that in the event that Warrant ADSs are to be issued in a name other than the name of the Holder, this Warrant
when surrendered for exercise shall be accompanied by the Assignment Form attached hereto duly executed by the Holder and the
Company may require, as a condition thereto, the payment of a sum sufficient to reimburse it for any transfer tax incidental thereto.
The Company shall pay all Depositary fees required for same-day processing of any Notice of Exercise and all fees to the Depository
Trust Company (or another established clearing corporation performing similar functions) required for same-day electronic delivery
of the Warrant ADSs.

 

vii.       Closing
of Books. The Company will not close its stockholder books or records in any manner which prevents the timely exercise of
this Warrant, pursuant to the terms hereof.

 

    	 	7	 

     

    

 

e)       Holder’s
Exercise Limitations. The Company shall not effect any exercise of this Warrant, and a Holder shall not have the right to
exercise any portion of this Warrant, pursuant to Section 2 or otherwise, to the extent that after giving effect to such issuance
after exercise as set forth on the applicable Notice of Exercise, the Holder (together with the Holder’s Affiliates, and
any other Persons acting as a group together with the Holder or any of the Holder’s Affiliates (such Persons, “Attribution
Parties”)), would beneficially own in excess of the Beneficial Ownership Limitation (as defined below). For purposes of
the foregoing sentence, the number of Ordinary Shares beneficially owned by the Holder and its Affiliates and Attribution Parties
shall include the number of Ordinary Shares held by the Holder and its Attribution Parties plus the number of Ordinary Shares
underlying such Warrant ADSs issuable upon exercise of this Warrant with respect to which such determination is being made, but
shall exclude the number of Ordinary Shares underlying Warrant ADSs which would be issuable upon (i) exercise of the remaining,
nonexercised portion of this Warrant beneficially owned by the Holder or any of its Affiliates or Attribution Parties and (ii)
exercise or conversion of the unexercised or nonconverted portion of any other securities of the Company (including, without limitation,
any other Ordinary Share Equivalents) subject to a limitation on conversion or exercise analogous to the limitation contained
herein beneficially owned by the Holder or any of its Affiliates or Attribution Parties. Except as set forth in the preceding
sentence, for purposes of this Section 2(e), beneficial ownership shall be calculated in accordance with Section 13(d) of the
Exchange Act and the rules and regulations promulgated thereunder, it being acknowledged by the Holder that the Company is not
representing to the Holder that such calculation is in compliance with Section 13(d) of the Exchange Act and the Holder is solely
responsible for any schedules required to be filed in accordance therewith. To the extent that the limitation contained in this
Section 2(e) applies, the determination of whether this Warrant is exercisable (in relation to other securities owned by the Holder
together with any Affiliates and Attribution Parties) and of which portion of this Warrant is exercisable shall be in the sole
discretion of the Holder, and the submission of a Notice of Exercise shall be deemed to be the Holder’s determination of
whether this Warrant is exercisable (in relation to other securities owned by the Holder together with any Affiliates and Attribution
Parties) and of which portion of this Warrant is exercisable, in each case subject to the Beneficial Ownership Limitation, and
the Company shall have no obligation to verify or confirm the accuracy of such determination. In addition, a determination as
to any group status as contemplated above shall be determined in accordance with Section 13(d) of the Exchange Act and the rules
and regulations promulgated thereunder. For purposes of this Section 2(e), in determining the number of outstanding Ordinary Shares,
a Holder may rely on the number of outstanding Ordinary Shares as reflected in (A) the Company’s most recent periodic or
annual report filed with the Commission, as the case may be, (B) a more recent public announcement by the Company or (C) a more
recent written notice by the Company or the Depositary setting forth the number of Ordinary Shares outstanding. Upon the written
or oral request of a Holder, the Company shall within one Trading Day confirm orally and in writing to the Holder the number of
Ordinary Shares then outstanding. In any case, the number of outstanding Ordinary Shares shall be determined after giving effect
to the conversion or exercise of securities of the Company, including this Warrant, by the Holder or its Affiliates or Attribution
Parties since the date as of which such number of outstanding Ordinary Shares was reported. The “Beneficial Ownership Limitation”
shall be [4.99/9.99%] of the number of Ordinary Shares outstanding immediately after giving effect to the issuance of Ordinary
Shares underlying the Warrant ADSs issuable upon exercise of this Warrant. The Holder, upon notice to the Company, may increase
or decrease the Beneficial Ownership Limitation provisions of this Section 2(e), provided that the Beneficial Ownership Limitation
in no event exceeds 9.99% of the number of Ordinary Shares outstanding immediately after giving effect to the issuance of Ordinary
Shares upon exercise of this Warrant held by the Holder and the provisions of this Section 2(e) shall continue to apply. Any increase
in the Beneficial Ownership Limitation will not be effective until the 61st day after such notice is delivered to the Company.
The provisions of this paragraph shall be construed and implemented in a manner otherwise than in strict conformity with the terms
of this Section 2(e) to correct this paragraph (or any portion hereof) which may be defective or inconsistent with the intended
Beneficial Ownership Limitation herein contained or to make changes or supplements necessary or desirable to properly give effect
to such limitation. The limitations contained in this paragraph shall apply to a successor holder of this Warrant.

 

    	 	8	 

     

    

 

Section
3.Certain Adjustments.

 

a)       Share
Dividends and Splits. If the Company, at any time while this Warrant is outstanding: (i) pays a share dividend or otherwise
makes a distribution or distributions on its Ordinary Shares or ADSs or any other equity or equity equivalent securities payable
in Ordinary Shares or ADSs (which, for avoidance of doubt, shall not include any ADSs issued by the Company upon exercise of this
Warrant), as applicable, (ii) subdivides outstanding Ordinary Shares or ADSs into a larger number of shares or ADSs, as applicable,
(iii) combines (including by way of reverse share split) outstanding Ordinary Shares or ADSs into a smaller number of shares or
ADSs, as applicable, or (iv) issues by reclassification of Ordinary Shares, ADSs or any shares of capital stock of the Company,
as applicable, then in each case the Exercise Price shall be multiplied by a fraction of which the numerator shall be the number
of ADSs (excluding treasury shares, if any) outstanding immediately before such event and of which the denominator shall be the
number of ADSs outstanding immediately after such event, and the number of shares issuable upon exercise of this Warrant shall
be proportionately adjusted such that the aggregate Exercise Price of this Warrant shall remain unchanged. Any adjustment made
pursuant to this Section 3(a) shall become effective immediately after the record date for the determination of shareholders entitled
to receive such dividend or distribution and shall become effective immediately after the effective date in the case of a subdivision,
combination or re-classification. For the purposes of clarification, the Exercise Price of this Warrant will not be adjusted in
the event that the Company or any Subsidiary thereof, as applicable, sells or grants any option to purchase, or sell or grant
any right to reprice, or otherwise dispose of or issue (or announce any offer, sale, grant or any option to purchase or other
disposition) any Ordinary Shares or Ordinary Share Equivalents, at an effective price per share less than the Exercise Price then
in effect.

 

b)       Subsequent
Rights Offerings. In addition to any adjustments pursuant to Section 3(a) above, if at any time the Company grants, issues
or sells any Ordinary Share Equivalents or rights to purchase shares, warrants, securities or other property pro rata to the record
holders of any class of Ordinary Shares or ADSs (the “Purchase Rights”), then the Holder will be entitled to acquire,
upon the terms applicable to such Purchase Rights, the aggregate Purchase Rights which the Holder could have acquired if the Holder
had held the number of Ordinary Shares or ADSs acquirable upon complete exercise of this Warrant (without regard to any limitations
on exercise hereof, including without limitation, the Beneficial Ownership Limitation) immediately before the date on which a
record is taken for the grant, issuance or sale of such Purchase Rights, or, if no such record is taken, the date as of which
the record holders of Ordinary Shares or ADSs, as applicable, are to be determined for the grant, issue or sale of such Purchase
Rights (provided, however, to the extent that the Holder’s right to participate in any such Purchase Right would result
in the Holder exceeding the Beneficial Ownership Limitation, then the Holder shall not be entitled to participate in such Purchase
Right to such extent (or beneficial ownership of such Ordinary Shares or ADSs as a result of such Purchase Right to such extent)
and such Purchase Right to such extent shall be held in abeyance for the Holder until such time, if ever, as its right thereto
would not result in the Holder exceeding the Beneficial Ownership Limitation).

 

    	 	9	 

     

    

 

c)       Pro
Rata Distributions. During such time as this Warrant is outstanding, if the Company shall declare or make any dividend or
other distribution of its assets (or rights to acquire its assets) to holders of Ordinary Shares or ADSs, by way of return of
capital or otherwise (including, without limitation, any distribution of cash, shares or other securities, property or options
by way of a dividend, spin off, reclassification, corporate rearrangement, scheme of arrangement or other similar transaction)
(a “Distribution”), at any time after the issuance of this Warrant, then, in each such case, the Holder shall be entitled
to participate in such Distribution to the same extent that the Holder would have participated therein if the Holder had held
the number of Ordinary Shares or ADSs acquirable upon complete exercise of this Warrant (without regard to any limitations on
exercise hereof, including without limitation, the Beneficial Ownership Limitation) immediately before the date of which a record
is taken for such Distribution, or, if no such record is taken, the date as of which the record holders of Ordinary Shares or
ADSs, as applicable, are to be determined for the participation in such Distribution (provided, however, to the extent that the
Holder’s right to participate in any such Distribution would result in the Holder exceeding the Beneficial Ownership Limitation,
then the Holder shall not be entitled to participate in such Distribution to such extent (or in the beneficial ownership of any
Ordinary Shares or ADSs as a result of such Distribution to such extent) and the portion of such Distribution shall be held in
abeyance for the benefit of the Holder until such time, if ever, as its right thereto would not result in the Holder exceeding
the Beneficial Ownership Limitation).

 

    	 	10	 

     

    

 

d)       Fundamental
Transactions. If, at any time while this Warrant is outstanding, (i) the Company, directly or indirectly, in one or more related
transactions effects any merger or consolidation of the Company with or into another Person, (ii) the Company (and all of its
Subsidiaries, taken as a whole), directly or indirectly, effects any sale, lease, license, assignment, transfer, conveyance or
other disposition of all or substantially all of its assets in one or a series of related transactions, (iii) any, direct or indirect,
purchase offer, tender offer or exchange offer (whether by the Company or another Person) is completed pursuant to which holders
of ADSs are permitted to sell, tender or exchange their shares for other securities, cash or property and has been accepted by
the holders of 50% or more of the outstanding ADSs, (iv) the Company, directly or indirectly, in one or more related transactions
effects any reclassification, reorganization or recapitalization of the ADSs or any compulsory share exchange pursuant to which
the ADSs is effectively converted into or exchanged for other securities, cash or property, or (v) the Company, directly or indirectly,
in one or more related transactions consummates a stock or share purchase agreement or other business combination (including,
without limitation, a reorganization, recapitalization, spin-off, merger or scheme of arrangement) with another Person or group
of Persons whereby such other Person or group acquires more than 50% of the outstanding ADSs (not including any ADSs held by the
other Person or other Persons making or party to, or associated or affiliated with the other Persons making or party to, such
stock or share purchase agreement or other business combination) (each a “Fundamental Transaction”), then,
upon any subsequent exercise of this Warrant, the Holder shall have the right to receive, for each Warrant Share underlying the
Warrant ADSs that would have been issuable upon such exercise immediately prior to the occurrence of such Fundamental Transaction,
at the option of the Holder (without regard to any limitation in Section 2(e) on the exercise of this Warrant), the number of
ADSs of the successor or acquiring corporation or of the Company, if it is the surviving corporation, and any additional consideration
(the “Alternate Consideration”) receivable as a result of such Fundamental Transaction by a holder of the number
of ADSs for which this Warrant is exercisable immediately prior to such Fundamental Transaction (without regard to any limitation
in Section 2(e) on the exercise of this Warrant). If holders of ADSs are given any choice as to the securities, cash or property
to be received in a Fundamental Transaction, then the Holder shall be given the same choice as to the Alternate Consideration
it receives upon any exercise of this Warrant following such Fundamental Transaction. The Company shall cause any successor entity
in a Fundamental Transaction in which the Company is not the survivor (the “Successor Entity”) to assume in
writing all of the obligations of the Company under this Warrant and the other Transaction Documents in accordance with the provisions
of this Section 3(d) pursuant to written agreements in form and substance reasonably satisfactory to the Holder and approved by
the Holder (without unreasonable delay) prior to such Fundamental Transaction and shall, at the option of the Holder, deliver
to the Holder in exchange for this Warrant a security of the Successor Entity evidenced by a written instrument substantially
similar in form and substance to this Warrant which is exercisable for a corresponding number of shares of capital stock of such
Successor Entity (or its parent entity) equivalent to the ADSs acquirable and receivable upon exercise of this Warrant (without
regard to any limitations on the exercise of this Warrant) prior to such Fundamental Transaction, and which required no additional
consideration upon exercise, and which is reasonably satisfactory in form and substance to the Holder. Upon the occurrence of
any such Fundamental Transaction, the Successor Entity shall succeed to, and be substituted for (so that from and after the date
of such Fundamental Transaction, the provisions of this Warrant and the other Transaction Documents referring to the “Company”
shall refer instead to the Successor Entity), and may exercise every right and power of the Company and shall assume all of the
obligations of the Company under this Warrant and the other Transaction Documents with the same effect as if such Successor Entity
had been named as the Company herein.

 

e)       Change
in ADS Ratio. If after the Issuance Date the ADS ratio is increased or reduced, then the number of Warrant ADSs to be provided
on exercise of a Warrant will be reduced or increased (respectively) in inverse proportion to the change in the ADS ratio Ordinary
Shares per ADS.

 

    	 	11	 

     

    

 

f)       Calculations.
All calculations under this Section 3 shall be made to the nearest cent or the nearest 1/100th of a share, as the case may be.
For purposes of this Section 3, the number of Ordinary Shares deemed to be issued and outstanding as of a given date shall be
the sum of the number of Ordinary Shares (excluding treasury shares, if any) issued and outstanding.

 

g)       Notice
to Holder.

 

i.       Adjustment.
Whenever this Warrant is adjusted pursuant to any provision of this Section 3, the Company shall promptly notify, in writing,
the Holder of the adjusted terms of this Warrant after such adjustment and any resulting adjustment to the number of Warrant ADSs
or Warrant Shares and setting forth a brief statement of the facts requiring such adjustment.

 

ii.       Notice
to Allow Exercise by Holder. If (A) the Company shall declare a dividend (or any other distribution in whatever form) on the
Ordinary Shares, (B) the Company shall declare a special nonrecurring cash dividend on or a redemption of the Ordinary Shares,
(C) the Company shall authorize the granting to all holders of the Ordinary Shares rights or warrants to subscribe for or purchase
any shares of capital stock of any class or of any rights, (D) the approval of any stockholders of the Company shall be required
in connection with any reclassification of the Ordinary Shares, any consolidation or merger to which the Company is a party, any
sale or transfer of all or substantially all of the assets of the Company, or any compulsory share exchange whereby the Ordinary
Shares are converted into other securities, cash or property, or (E) the Company shall authorize the voluntary or involuntary
dissolution, liquidation or winding up of the affairs of the Company, then, in each case, the Company shall cause to be delivered
by facsimile or email to the Holder at its last facsimile number or email address as it shall appear upon the Warrant Register
of the Company, at least 20 calendar days prior to the applicable record or effective date hereinafter specified, a notice stating
(x) the date on which a record is to be taken for the purpose of such dividend, distribution, redemption, rights or warrants,
or if a record is not to be taken, the date as of which the holders of the Ordinary Shares of record to be entitled to such dividend,
distributions, redemption, rights or warrants are to be determined or (y) the date on which such reclassification, consolidation,
merger, sale, transfer or share exchange is expected to become effective or close, and the date as of which it is expected that
holders of the Ordinary Shares of record shall be entitled to exchange their Ordinary Shares for securities, cash or other property
deliverable upon such reclassification, consolidation, merger, sale, transfer or share exchange; provided that the failure to
deliver such notice or any defect therein or in the delivery thereof shall not affect the validity of the corporate action required
to be specified in such notice. To the extent that any notice provided in this Warrant constitutes, or contains, material, non-public
information regarding the Company or any of the Subsidiaries, the Company shall simultaneously file such notice with the Commission
pursuant to a Current Report on Form 6-K. The Holder shall remain entitled to exercise this Warrant during the period commencing
on the date of such notice to the effective date of the event triggering such notice except as may otherwise be expressly set
forth herein.

 

    	 	12	 

     

    

 

Section
4.Transfer of Warrant.

 

a)       Transferability.
This Warrant and all rights hereunder (including, without limitation, any registration rights) are transferable, in whole or in
part, upon surrender of this Warrant at the principal office of the Company or its designated agent, together with a written assignment
of this Warrant substantially in the form attached hereto duly executed by the Holder or its agent or attorney and funds sufficient
to pay any transfer taxes payable upon the making of such transfer. Upon such surrender and, if required, such payment, the Company
shall execute and deliver a new Warrant or Warrants in the name of the assignee or assignees, as applicable, and in the denomination
or denominations specified in such instrument of assignment, and shall issue to the assignor a new Warrant evidencing the portion
of this Warrant not so assigned, and this Warrant shall promptly be cancelled. Notwithstanding anything herein to the contrary,
the Holder shall not be required to physically surrender this Warrant to the Company unless the Holder has assigned this Warrant
in full, in which case, the Holder shall surrender this Warrant to the Company within three (3) Trading Days of the date on which
the Holder delivers an assignment form to the Company assigning this Warrant in full. The Warrant, if properly assigned in accordance
herewith, may be exercised by a new holder for the purchase of Warrant ADSs without having a new Warrant issued.

 

b)       New
Warrants. This Warrant may be divided or combined with other Warrants upon presentation hereof at the aforesaid office of
the Company, together with a written notice specifying the names and denominations in which new Warrants are to be issued, signed
by the Holder or its agent or attorney. Subject to compliance with Section 4(a), as to any transfer which may be involved in such
division or combination, the Company shall execute and deliver a new Warrant or Warrants in exchange for the Warrant or Warrants
to be divided or combined in accordance with such notice. All Warrants issued on transfers or exchanges shall be dated the original
Issue Date and shall be identical with this Warrant except as to the number of Warrant ADSs issuable pursuant thereto.

 

c)       Warrant
Register. The Company shall register this Warrant, upon records to be maintained by the Company for that purpose (the “Warrant
Register”), in the name of the record Holder hereof from time to time. The Company may deem and treat the registered
Holder of this Warrant as the absolute owner hereof for the purpose of any exercise hereof or any distribution to the Holder,
and for all other purposes, absent actual notice to the contrary.

 

    	 	13	 

     

    

 

Section
5.Miscellaneous.

 

a)       Currency.
Unless otherwise indicated, all dollar amounts referred to in this Warrant are in United States Dollars (“U.S. Dollars”).
All amounts owing under this Warrant shall be paid in U.S. Dollars. All amounts denominated in other currencies shall be converted
in the U.S. Dollar equivalent amount in accordance with the Exchange Rate on the date of calculation. “Exchange Rate”
means, in relation to any amount of currency to be converted into U.S. Dollars pursuant to this Warrant, the U.S. Dollar exchange
rate as published in the Wall Street Journal (NY edition) on the relevant date of calculation.

 

b)       No
Rights as Stockholder Until Exercise; No Settlement in Cash. This Warrant does not entitle the Holder to any voting rights,
dividends or other rights as a stockholder of the Company prior to the exercise hereof as set forth in Section 2(d)(i), except
as expressly set forth in Section 3. Without limiting any rights of a Holder to receive cash payments pursuant to Section 2(d)(i),
Section 2(d)(iv) and or Section 3(d) herein, and without limiting the rights of the Holder to effect a cashless exercise or under
Section 2(c) herein, in no event shall the Company be required to net cash settle an exercise of this Warrant.

 

c)       Loss,
Theft, Destruction or Mutilation of Warrant. The Company covenants that upon receipt by the Company of evidence reasonably
satisfactory to it of the loss, theft, destruction or mutilation of this Warrant or any stock certificate relating to the Warrant
ADSs, and in case of loss, theft or destruction, of indemnity or security reasonably satisfactory to it (which, in the case of
the Warrant, shall not include the posting of any bond), and upon surrender and cancellation of such Warrant or stock certificate,
if mutilated, the Company will make and deliver a new Warrant or stock certificate of like tenor and dated as of such cancellation,
in lieu of such Warrant or stock certificate.

 

d)       Saturdays,
Sundays, Holidays, etc. If the last or appointed day for the taking of any action or the expiration of any right required
or granted herein shall not be a Business Day, then, such action may be taken or such right may be exercised on the next succeeding
Business Day.

 

e)       Authorized
Shares.

 

The
Company covenants that, during the period the Warrant is outstanding, it will reserve from its authorized and unissued Ordinary
Shares a sufficient number of shares to provide for the issuance of the Warrant ADSs and the underlying Ordinary Shares upon the
exercise of any rights under this Warrant. The Company further covenants that its issuance of this Warrant shall constitute full
authority to its officers who are charged with the duty of issuing the necessary Warrant ADSs upon the exercise of the rights
under this Warrant. The Company will take all such reasonable action as may be necessary to assure that such Warrant ADSs and
the underlying Ordinary Shares may be issued as provided herein without violation of any applicable law or regulation, or of any
requirements of the Trading Market upon which the ADS or Ordinary Shares may be listed. The Company covenants that all Warrant
ADSs and the underlying Ordinary Shares which may be issued upon the exercise of the rights represented by this Warrant will,
upon exercise of the rights represented by this Warrant, be duly authorized, validly issued, fully paid and nonassessable and
free from all taxes, liens and charges created by the Company in respect of the issue thereof (other than taxes in respect of
any transfer occurring contemporaneously with such issue).

 

    	 	14	 

     

    

 

Except
and to the extent as waived or consented to by the Holder, the Company shall not by any action, including, without limitation,
amending its certificate of incorporation or through any reorganization, transfer of assets, consolidation, merger, dissolution,
issue or sale of securities or any other voluntary action, avoid or seek to avoid the observance or performance of any of the
terms of this Warrant, but will at all times in good faith assist in the carrying out of all such terms and in the taking of all
such actions as may be necessary or appropriate to protect the rights of Holder as set forth in this Warrant against impairment.
Without limiting the generality of the foregoing, the Company will (i) not increase the par value of any Warrant ADSs above the
amount payable therefor upon such exercise immediately prior to such increase in par value, (ii) take all such action as may be
necessary or appropriate in order that the Company may validly and legally issue fully paid and nonassessable Warrant ADSs and
the underlying Ordinary Shares upon the exercise of this Warrant and (iii) use commercially reasonable efforts to obtain all such
authorizations, exemptions or consents from any public regulatory body having jurisdiction thereof, as may be, necessary to enable
the Company to perform its obligations under this Warrant.

 

Before
taking any action which would result in an adjustment in the number of Warrant ADSs for which this Warrant is exercisable, the
Company shall obtain all such authorizations or exemptions thereof, or consents thereto, as may be necessary from any public regulatory
body or bodies having jurisdiction thereof.

 

f)       Governing
Law. All questions concerning the construction, validity, enforcement and interpretation of this Warrant shall be governed
by and construed and enforced in accordance with the internal laws of the State of New York, without regard to the principles
of conflicts of law thereof. Each party agrees that all legal proceedings concerning the interpretations, enforcement and defense
of the transactions contemplated by this Warrant (whether brought against a party hereto or their respective affiliates, directors,
officers, shareholders, partners, members, employees or agents) shall be commenced exclusively in the state and federal courts
sitting in the City of New York. Each party hereby irrevocably submits to the exclusive jurisdiction of the state and federal
courts sitting in the City of New York, Borough of Manhattan for the adjudication of any dispute hereunder or in connection herewith
or with any transaction contemplated hereby or discussed herein, and hereby irrevocably waives, and agrees not to assert in any
suit, action or proceeding, any claim that it is not personally subject to the jurisdiction of any such court, that such suit,
action or proceeding is improper or is an inconvenient venue for such proceeding. Each party hereby irrevocably waives personal
service of process and consents to process being served in any such suit, action or proceeding by mailing a copy thereof via registered
or certified mail or overnight delivery (with evidence of delivery) to such party at the address in effect for notices to it under
this Warrant and agrees that such service shall constitute good and sufficient service of process and notice thereof. Nothing
contained herein shall be deemed to limit in any way any right to serve process in any other manner permitted by law. If either
party shall commence an action, suit or proceeding to enforce any provisions of this Warrant, the prevailing party in such action,
suit or proceeding shall be reimbursed by the other party for their reasonable attorneys’ fees and other costs and expenses
incurred with the investigation, preparation and prosecution of such action or proceeding.

 

    	 	15	 

     

    

 

g)       Restrictions.
The Holder acknowledges that the Warrant ADSs and the underlying Ordinary Shares acquired upon the exercise of this Warrant, if
not registered and the Holder does not utilize cashless exercise, will have restrictions upon resale imposed by state and federal
or foreign securities laws.

 

h)       Nonwaiver
and Expenses. No course of dealing or any delay or failure to exercise any right hereunder on the part of Holder shall operate
as a waiver of such right or otherwise prejudice the Holder’s rights, powers or remedies. Without limiting any other provision
of this Warrant or the Purchase Agreement, if the Company willfully and knowingly fails to comply with any provision of this Warrant,
which results in any material damages to the Holder, the Company shall pay to the Holder such amounts as shall be sufficient to
cover any costs and expenses including, but not limited to, reasonable attorneys’ fees, including those of appellate proceedings,
incurred by the Holder in collecting any amounts due pursuant hereto or in otherwise enforcing any of its rights, powers or remedies
hereunder.

 

i)       Notices.
Any and all notices or other communications or deliveries to be provided by the Holders hereunder including, without limitation,
any Notice of Exercise, shall be in writing and delivered personally, by facsimile or e-mail, or sent by a nationally recognized
overnight courier service, addressed to the Company, at ___________, Attention: ___________, facsimile number: _________, email
address: ___________, or such other facsimile number, email address or address as the Company may specify for such purposes by
notice to the Holders. Any and all notices or other communications or deliveries to be provided by the Company hereunder shall
be in writing and delivered personally, by facsimile or e-mail, or sent by a nationally recognized overnight courier service addressed
to each Holder at the facsimile number, e-mail address or address of such Holder appearing on the books of the Company. Any notice
or other communication or deliveries hereunder shall be deemed given and effective on the earliest of (i) the time of transmission,
if such notice or communication is delivered via facsimile at the facsimile number or via e-mail at the e-mail address set forth
in this Section prior to 5:30 p.m. (New York City time) on any date, (ii) the next Trading Day after the time of transmission,
if such notice or communication is delivered via facsimile at the facsimile number or via e-mail at the e-mail address set forth
in this Section on a day that is not a Trading Day or later than 5:30 p.m. (New York City time) on any Trading Day, (iii) the
second Trading Day following the date of mailing, if sent by U.S. nationally recognized overnight courier service, or (iv) upon
actual receipt by the party to whom such notice is required to be given. To the extent that any notice provided hereunder constitutes,
or contains, material, non-public information regarding the Company or any Subsidiaries, the Company shall simultaneously file
such notice with the Commission pursuant to a Current Report on Form 6-K.

 

    	 	16	 

     

    

 

j)       Limitation
of Liability. No provision hereof, in the absence of any affirmative action by the Holder to exercise this Warrant to receive
Warrant ADSs, and no enumeration herein of the rights or privileges of the Holder, shall give rise to any liability of the Holder
for the purchase price of any ADS or as a stockholder of the Company, whether such liability is asserted by the Company or by
creditors of the Company.

 

k)       Remedies.
The Holder, in addition to being entitled to exercise all rights granted by law, including recovery of damages, will be entitled
to specific performance of its rights under this Warrant. The Company agrees that monetary damages would not be adequate compensation
for any loss incurred by reason of a breach by it of the provisions of this Warrant and hereby agrees to waive and not to assert
the defense in any action for specific performance that a remedy at law would be adequate.

 

l)       Successors
and Assigns. Subject to applicable securities laws, this Warrant and the rights and obligations evidenced hereby shall inure
to the benefit of and be binding upon the successors and permitted assigns of the Company and the successors and permitted assigns
of Holder. The provisions of this Warrant are intended to be for the benefit of any Holder from time to time of this Warrant and
shall be enforceable by the Holder or holder of Warrant ADSs.

 

m)       Amendment.
This Warrant may be modified or amended or the provisions hereof waived with the written consent of the Company and the Holder.

 

n)       Severability.
Wherever possible, each provision of this Warrant shall be interpreted in such manner as to be effective and valid under applicable
law, but if any provision of this Warrant shall be prohibited by or invalid under applicable law, such provision shall be ineffective
to the extent of such prohibition or invalidity, without invalidating the remainder of such provisions or the remaining provisions
of this Warrant.

 

o)       Headings.
The headings used in this Warrant are for the convenience of reference only and shall not, for any purpose, be deemed a part of
this Warrant.

 

********************

 

(Signature
Page Follows)

 

    	 	17	 

     

    

 

IN
WITNESS WHEREOF, the Company has caused this Warrant to be executed by its officer thereunto duly authorized as of the date first
above indicated.

 

	 	geneTIC
    technologies LIMITEd
	 	   	                            
	 	By:	 
	 	Name:	
	 	Title:	

 

    	 	18	 

     

    

 

NOTICE
OF EXERCISE

 

	To:	geneNTIC
    technologies lIMITEd

 

(1)       The
undersigned hereby elects to purchase ________ Warrant ADSs of the Company pursuant to the terms of the attached Warrant (only
if exercised in full), and tenders herewith payment of the exercise price in full, together with all applicable transfer taxes,
if any,

 

(2)       Payment
shall take the form of (check applicable box):

 

[
] in lawful money of the United States; or

 

[
] if permitted the cancellation of such number of Warrant Shares as is necessary, in accordance with the formula set forth in
subsection 2(c), to exercise this Warrant with respect to the maximum number of Warrant Shares purchasable pursuant to the cashless
exercise procedure set forth in subsection 2(c).

 

(3)       Please
issue said Warrant ADSs in the name of the undersigned or in such other name as is specified below:

 

_______________________________

 

The
Warrant ADSs shall be delivered to the following DWAC Account Number:

 

_______________________________

 

_______________________________

 

_______________________________

 

[SIGNATURE
OF HOLDER]

 

Name
of Investing Entity: _______________________________________________________________

Signature
of Authorized Signatory of Investing Entity: _______________________________________

Name
of Authorized Signatory: ___________________________________________________________

Title
of Authorized Signatory: ____________________________________________________________

Date:
______________________________________________________________________________

 

    	 	 	 

     

    

 

EXHIBIT
B

 

ASSIGNMENT
FORM

 

(To
assign the foregoing Warrant, execute this form and supply required information. Do not use this form to exercise Warrant ADSs.)

 

FOR
VALUE RECEIVED, the foregoing Warrant and all rights evidenced thereby are hereby assigned to

 

	Name:	
	 	(Please Print)
	 	 
	Address:	
	 	(Please Print)
	 	 
	Phone Number:	 
	Email Address:	 
	Dated: _______________
    __, ______	 
	Holder’s Signature:__________________________	 
	Holder’s Address:___________________________

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00309-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00309-of-00352.parquet"}]]