Document:

Exhibit
4.12

 

NON-SOLICITATION
AGREEMENT

 

This
NON-SOLICITATION AGREEMENT (this “Agreement”) is entered into as of 18 July 2021, by and between Genetic Technologies
Limited, a company formed under the laws of the Commonwealth of Australia (“Buyer”), and BelHealth Investment Fund
II, L.P., a Delaware limited partnership (the “Restricted Party”). Each of Buyer and the Restricted Party is sometimes
referred to herein individually as a “Party” and collectively as the “Parties”. Capitalized terms
used herein without being otherwise defined shall have the meanings assigned thereto in the Purchase Agreement (defined below).

 

RECITALS

 

WHEREAS,
concurrently herewith, Buyer on the one part, and General Genetics Corporation, General Genetics Europe Limited, General Genetics Limited
UK and The Genetic Test Laboratories Australia Pty Limited together on the other part are entering into that certain Sale of Business
Agreement, dated as of the date hereof (as amended, supplemented or otherwise modified from time to time in accordance with its terms,
the “Purchase Agreement”); and

 

WHEREAS,
pursuant to the Purchase Agreement, it is contemplated that, upon the terms and subject to the conditions set forth therein, Buyer will
acquire substantially all of the assets of the Vendor (as defined in the Purchase Agreement).

 

WHEREAS,
as the owner of shares in the Vendor, the Restricted Party will benefit from the amounts payable by the Buyer to the Vendor under
the Purchase Agreement.

 

NOW,
THEREFORE, in consideration of the mutual agreements set forth herein and for other good and valuable consideration, the receipt
and sufficiency of which are hereby acknowledged, the Parties hereto agree as follows:

 

AGREEMENT

 

1.
Covenant Not to Solicit or Hire. In consideration for the good and valuable consideration to be received by the Affiliates of
the Restricted Party in connection with the transactions contemplated by the Purchase Agreement, the Restricted Party covenants and agrees
that, from and after the Completion Date and for a period of three (3) years following the Completion Date (the “Non-Solicitation
Period”), except pursuant to an express written agreement with Buyer, none of the Restricted Party, or any of its Affiliates
or its or its Affiliates’ respective Representatives (in their respective capacities as such) shall, directly or indirectly, hire,
solicit for employment, employ, retain or engage as an employee or otherwise engage in any capacity any Transferring Employees (“Restricted
Persons”), or encourage, request, induce or advise any Restricted Persons to leave or modify his or her employment with the
Buyer, or violate the terms of his or her employment agreement, engagement letter or other employment or engagement arrangement with
Buyer; provided that the foregoing shall not prohibit any person or entity from soliciting, hiring or otherwise engaging any Restricted
Person whose employment is terminated by Buyer following such termination or soliciting, hiring or otherwise engaging any Restricted
Person who terminates his or her employment with Buyer at least six (6) months following such termination. For purposes of this Agreement,
“Representative” means, with respect to any person or entity, any and all directors, managers, officers, employees,
consultants, financial advisors, counsel, accountants and other agents of such person or entity, and “Affiliate” of
a person means a person that, directly or indirectly (through one or more intermediaries) controls, is controlled by, or is under common
control with such first mentioned person, where for purposes of this definition of “Affiliate”, “control” means
(i) the direct or indirect ownership of 50 percent or more of the voting shares or other voting interests or interests in profits, or
(ii) the ability to otherwise control or direct the decisions of board of directors or equivalent governing body thereof.

 

2.
Termination. This Agreement shall automatically terminate, without any notice or other action by any Party, and be void ab
initio upon the termination of the Purchase Agreement prior to Completion in accordance with its terms and, upon such termination
shall be of no further force or effect, without the creation or imposition of any penalty, liability or obligation upon any Party.

 

    	 

     

    

 

3.
Notices. All notices and other communications hereunder shall be in writing and shall be deemed duly given (a) on the date of
delivery if delivered personally, or if by facsimile or email, upon written confirmation of receipt by facsimile, e-mail or otherwise,
(b) on the first Business Day following the date of dispatch if delivered utilizing a next-day service by a recognized next-day courier
or (c) on the earlier of confirmed receipt or the fifth Business Day following the date of mailing if delivered by registered or certified
mail, return receipt requested, postage prepaid. All notices hereunder shall be delivered to the addresses set forth below, or pursuant
to such other instructions as may be designated in writing by the Party to receive such notice:

 

if
to Buyer:

 

Genetic
Technologies Limited

60-66
Hanover Street

Fitzroy,
Victoria 3065 Australia

Attention:
Simon Morriss 

Email:
simon.morriss@gtglabs.com

 

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

 

Amos
Meltzer

BioMeltzer
Pty Limited

13
Wilgah Street

St
Kilda East VIC 3183

Melbourne

Email:
amos@BioMeltzer.com

 

if
to the Restricted Party:

 

BelHealth
Investment Partners

401
E. Las Olas Boulevard, Suite 1400

Fort
Lauderdale, Florida 33301

Attention:
Harold Blue

Email:
hblue@belhealth.com

 

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

 

Norton
Rose Fulbright US LLP

1301
Avenue of the Americas

New
York, New York 10019-6022

Attention:
Steven I. Suzzan

Email:
steven.suzzan@nortonrosefulbright.com

 

4.
Entire Agreement. This Agreement constitutes the entire agreement of the Parties with respect to the subject matter of this Agreement,
and supersedes all prior agreements and undertakings, both written and oral, among the Parties with respect to the subject matter of
this Agreement, except as otherwise expressly provided in this Agreement.

 

5.
Amendments and Waivers; Assignment. Any provision of this Agreement may be amended or waived if, and only if, such amendment or
waiver is in writing and signed by the Restricted Party and Buyer. Notwithstanding the foregoing, no failure or delay by any party in
exercising any right hereunder shall operate as a waiver thereof nor shall any single or partial exercise thereof preclude any other
or further exercise of any other right hereunder. This Agreement and any of the rights, interests or obligations hereunder shall only
be assignable by Buyer and may not otherwise be assignable without Buyer’s prior written consent.

 

6.
No Third Party Beneficiaries. This Agreement shall be for the sole benefit of the Parties and their respective successors and
permitted assigns and is not intended, nor shall be construed, to give any Person, other than the Parties and their respective successors
and assigns, any legal or equitable right, benefit or remedy of any nature whatsoever by reason this Agreement. Nothing in this Agreement,
expressed or implied, is intended to or shall constitute the Parties, partners or participants in a joint venture.

 

7.
Miscellaneous. Sections 1.2 (Construction), 14 (Dispute), 18.6 (Costs), 18.7 (Counterparts) and 18.9 (Governing Law) of the Purchase
Agreement are incorporated herein by reference, mutatis mutandis.

 

[Signature
pages follow]

 

    	 

     

    

 

IN
WITNESS WHEREOF, the Parties have executed and delivered this Non-Solicitation Agreement as of the date first above written.

 

	 	BUYER:
	 	 
	 	GENETIC
    TECHNOLOGIES LIMITED
	 	 
	 	By:
    	/s/
    Simon Morriss
	 	Name:	Simon
    Morriss
	 	Title:	Chief
    Executive Officer

 

    	 

     

    

 

	 	RESTRICTED
    PARTY:
	 	 
	 	BELHEALTH
    INVESTMENT FUND II, L.P.
	 	 
	 	By:	BelHealth
    Investment Partners GP II, LLC, its General Partner
	 	 	 
	 	By:	/s/
    Inder Tallur
	 	Name:	Inder
    Tallur
	 	Title:	PresidentExhibit
4.13

 

ESCROW
AGREEMENT

 

THIS
ESCROW AGREEMENT (this “Agreement”) is made and entered into as of August 12, 2021, by and among Genetic Technologies
Limited, a company formed under the laws of the Commonwealth of Australia ( “Buyer”), General Genetics Corporation,
a Delaware corporation (“Seller Party Representative” and, together with Buyer, sometimes referred to individually
as a “Party” and collectively as the “Parties”), and Citibank, N.A., as escrow agent (the “Escrow
Agent”).

 

RECITALS

 

WHEREAS,
Buyer and Seller Party Representative have entered into that certain Sale of Business Agreement, dated as of July 18, 2021 (the “Purchase
Agreement”) with General Genetics Europe Limited, General Genetics Limited UK, The Genetic Test Laboratories Australia Pty
Limited (collectively with Seller Party Representative, “Vendor”) and Kevin Camilleri, pursuant to which Buyer will
purchase from Vendor, and Vendor will to sell to Buyer, substantially all of Vendor’s assets.

 

WHEREAS,
unless context otherwise requires, capitalized terms used but not otherwise defined in this Agreement shall have the meanings assigned
to such terms in the Purchase Agreement; provided, however, the Escrow Agent will not be responsible to determine or make any inquiry
into any term, capitalized or otherwise, not defined herein;

 

WHEREAS,
pursuant to the Purchase Agreement, Buyer is required to deliver to the Escrow Agent at the Completion the Escrow Amount (as defined
below), in order to provide a source of funding for the purposes set forth in the Purchase Agreement and the Parties wish such deposit
to be subject to the terms and conditions set forth herein and in the Purchase Agreement.

 

    	- 1 -

     

    

 

NOW
THEREFORE, in consideration of the foregoing and of the mutual covenants hereinafter set forth, the parties hereto agree as follows:

 

	1.	Appointment.
    The Parties hereby appoint the Escrow Agent as their escrow agent for the purposes set forth herein, and the Escrow Agent hereby
    accepts such appointment and agrees to act as escrow agent in accordance with the terms and conditions set forth herein.
	 	 
	2.	Escrow
    Funds.

 

	 	(a)	At
    the Completion and simultaneous with the execution and delivery of this Agreement, Buyer is depositing or causing to be deposited
    with the Escrow Agent by wire transfer of immediately available funds, Five Hundred Thousand Dollars ($500,000) (referred to herein
    as the “Escrow Amount”) into a separate escrow account (referred to herein as the “Escrow Account”).
    The Escrow Agent hereby acknowledges receipt of the Escrow Amount, together with all products and proceeds thereof, including all
    interest, dividends, gains and other income (the “Escrow Earnings”) earned with respect thereto (the “Escrow
    Funds”), subject to the terms and conditions of this Agreement and the Purchase Agreement.
	 	 	 
	 	(b)	For
    greater certainty, all Escrow Earnings shall be retained by the Escrow Agent and reinvested in the Escrow Funds and shall become
    part of the Escrow Funds and shall be disbursed as part of the Escrow Funds in accordance with the terms and conditions of this Agreement
    and the Purchase Agreement.

 

	3.	Investment
    of Escrow Funds.

 

	 	(a)	Unless
    otherwise instructed in accordance with a joint written instruction signed by an Authorized Signer of each of Buyer and Seller Party
    Representative, the Escrow Agent shall hold the Escrow Funds in a separate “non-interest-bearing deposit account” insured
    by the Federal Deposit Insurance Corporation (“FDIC”) to the applicable limits and applicable laws. The Escrow
    Funds shall at all times remain available for distribution in accordance with the terms and conditions of this Agreement and the
    Purchase Agreement.
	 	 	 
	 	(b)	The
    Escrow Agent shall send an account statement to each of the Parties at the addresses set forth in Section 11 hereof on a monthly
    basis reflecting activity in the Escrow Account for the preceding month and also reflecting any change in interest rate when applicable.
	 	 	 
	 	(c)	The
    Escrow Agent shall have no responsibility for any investment losses resulting from the investment, reinvestment or liquidation of
    the escrowed property, as applicable, provided that the Escrow Agent has made such investment, reinvestment or liquidation of the
    escrowed property in accordance with the terms, and subject to the conditions, of this Agreement. The Escrow Agent does not have
    a duty nor will it undertake any duty to provide investment advice.

 

    	- 2 -

     

    

 

	4.	Disposition
    and Termination of the Escrow Funds.

 

	 	(a)	If
    Buyer elects to assert a claim for adjustment of the purchase price or for indemnification under the Purchase Agreement, it must
    give written notice of such claim (an “Indemnity Escrow Claim”) to the Escrow Agent and Seller Party Representative
    prior to the date that is 12 months after the Closing Date. An Indemnity Escrow Claim shall (i) describe in good faith the matter
    in reasonable detail and (ii) indicate the amount (estimated in good faith, if necessary and to the extent feasible) of the Losses
    that have been or may be suffered by the applicable Buyer Indemnitee or the amount of the adjustment (including the Completion Deferred
    Revenue Cost) (the “Claim Amount”). Such Indemnity Escrow Claim is to be executed by an Authorized Signer of Buyer set
    forth in Exhibit A-2 hereto.
	 	 	 
	 	(b)	If
    Seller Party Representative wishes to object to the Indemnity Escrow Claim (including the Claim Amount), Seller Party Representative
    shall deliver to Buyer and Escrow Agent a notice within 20 Business Days of Escrow Agent’s receipt of the Indemnity Escrow
    Claim stating that Seller Party Representative objects to such Indemnity Escrow Claim, including a reasonably detailed description
    of the nature and basis for Seller Party Representative’s objection (a “Dispute Notice”). Such Dispute Notice
    is to be executed by an Authorized Signer of Seller Party Representative.
	 	 	 
	 	(c)	If
    no Dispute Notice is delivered with respect to an Indemnity Escrow Claim within such 20 Business Day period, then Seller Party Representative
    (on behalf of Vendor) shall be deemed to have accepted such Indemnity Escrow Claim, and Buyer and Seller Party Representative shall
    deliver a Joint Release Instruction to the Escrow Agent with respect to such Indemnity Escrow Claim setting forth the terms of release
    from the Escrow Account and instructing the Escrow Agent to release the Claim Amount from the Escrow Account.
	 	 	 
	 	(d)	If
    a Dispute Notice is delivered within such 20 Business Day period, then the Escrow Agent shall not deliver any portion of the Claim
    Amount to Buyer until the Escrow Agent receives a Joint Release Instruction or a Final Determination. Following receipt by Buyer
    of a Dispute Notice, Buyer and Seller Party Representative shall comply with the dispute resolution provisions set forth in Sections
    14 and 18.9 of the Purchase Agreement. If Buyer and Seller Party Representative are able to reach agreement, Buyer and Seller Party
    Representative shall deliver a Joint Release Instruction to the Escrow Agent setting forth such agreement and, as applicable, instructing
    the Escrow Agent to release funds from the Escrow Funds. The Escrow Agent shall be entitled to conclusively presume that the delivery
    of any Indemnity Escrow Claim or Dispute Notice and the information set forth therein complies with the terms of the Purchase Agreement
    and that Seller Party Representative or Buyer, as applicable, contemporaneously received each Indemnity Escrow Claim and Dispute
    Notice received by the Escrow Agent.
	 	 	 
	 	(e)	If
    at any time either of the Parties receives a Final Determination, then upon receipt by the Escrow Agent of a copy of such Final Determination
    from any Party (which Final Determination shall also be contemporaneously delivered by such Party to the other Party), the Escrow
    Agent shall on the fifth Business Day following receipt by the Escrow Agent of the Final Determination (unless prior thereto the
    other Party objects to such, in a written notice delivered to both Escrow Agent and the non-objecting Party pursuant to the terms
    of Section 11 below, alleging that such release is not in accordance with a final non-appealable order of a court of competent
    jurisdiction) disburse as directed, part or all, as the case may be, of the Escrow Funds (but only to the extent funds are available
    in the Escrow Funds) of the Escrow Funds in accordance with such Final Determination. Subject to the terms of this Section 4(e),
    the Escrow Agent will act on such Final Determination without further inquiry.

 

    	- 3 -

     

    

 

	 	(f)	Within
    two Business Days after the date that is 12 months after the Completion Date (the “Distribution Date”), Buyer
    and Seller Party Representative will deliver a Joint Release Instruction to the Escrow Agent instructing the Escrow Agent to release
    all of the remaining balance of the Escrow Funds to Seller Party Representative, minus the Claim Amounts of any Indemnity Escrow
    Account Claims which are Pending on the Distribution Date. Once all Indemnity Escrow Account Claims are no longer Pending, any amount
    previously withheld on the Distribution Date that has not been disbursed to Buyer in accordance with this Section 4 shall
    be disbursed to Seller Party Representative, in accordance to payment instructions executed by an Authorized Signer of Seller Party
    Representative. An Indemnity Escrow Account Claim will be considered “Pending” if either (i) the time period for
    delivery of Dispute Notice pursuant to Section 4(a) above has not yet expired, or (ii) Seller Party Representative has delivered
    a timely Dispute Notice and the Escrow Agent has not yet received a Joint Release Instruction or Final Determination with respect
    to such disputed Indemnity Escrow Claim.
	 	 	 
	 	(g)	All
    payments of any part of the Escrow Funds to Buyer or Seller Party Representative, or their designees, as the case may be, shall be
    made by wire transfer of immediately available funds as set forth in the Joint Release Instruction or Final Determination, as applicable.
	 	 	 
	 	(h)	Any
    instructions setting forth, claiming, containing, objecting to, or in any way related to the transfer or distribution of any funds
    on deposit in the Escrow Account under the terms of this Agreement must be in writing, executed by an authorized signer of the applicable
    Party or Parties as set forth on Exhibit A-1 with respect to Seller Party Representative, and/or Exhibit A-2 with respect to Buyer
    (an “Authorized Signer”), annexed hereto and delivered to the Escrow Agent either (A) by confirmed facsimile sent
    to the fax number of the Escrow Agent set forth in Section 11 below or (B) attached to an e-mail sent to the e-mail address
    of the Escrow Agent set forth in Section 11 below. For the avoidance of doubt, any instruction or correspondence to be delivered
    to the Escrow Agent under this Agreement shall require the written consent of an Authorized Signer of Seller Party Representative
    or any successor Seller Party Representative as appointed by a majority-in-interest of Vendor. In the event that a successor Seller
    Party Representative is appointed, such successor Seller Party Representative shall provide such necessary due diligence documentation
    as requested by the Escrow Agent. In the event a Joint Release Instruction or Final Determination is delivered to the Escrow Agent,
    whether by facsimile or by e-mail, the Escrow Agent is authorized to seek confirmation of such instruction by telephone call back
    to the person or persons designated in Exhibits A-1 and/or A-2 annexed hereto (the “Authorized Individuals”),
    and the Escrow Agent may rely upon the confirmations of anyone purporting to be an Authorized Individual. To ensure accuracy of the
    instructions it receives, the Escrow Agent may record such callbacks. If the Escrow Agent is unable to verify the instructions, or
    is not satisfied with the verification it receives, it will not execute the instruction until all such issues have been resolved.
    The Escrow Agent and the Parties shall cooperate in good faith to resolve any such issues as soon as reasonably practicable. The
    persons and telephone numbers for callbacks may be changed only in writing, executed by an Authorized Signer of the applicable Party
    actually received and acknowledged by the Escrow Agent.

 

    	- 4 -

     

    

 

	 	(i)	Certain
    Definitions and Interpretation.

 

	 	(i)	“Business
    Day” means any day that is not a Saturday, a Sunday or other day on which banks are required or authorized by law to be
    closed in New York, New York.
	 	 	 
	 	(ii)	“Final
    Determination” means a final non-appealable order of any court of competent jurisdiction which may be issued, together
    with (A) a certificate executed by an Authorized Signer of the prevailing Party to the effect that such order is final and non-appealable
    and from a court of competent jurisdiction having proper authority and (B) the written payment instructions executed by an Authorized
    Signer of the prevailing Party to effectuate such order.
	 	 	 
	 	(iii)	“Joint
    Release Instruction” means the joint written instruction executed by an Authorized Signer of each of the Parties, to the
    Escrow Agent directing the Escrow Agent to disburse all or a portion of the Escrow Funds.
	 	 	 
	 	(iv)	“Person”
    means an individual, a partnership, a corporation, a limited liability company, an association, a joint stock company, a trust, a
    joint venture, an unincorporated organization or a Governmental Authority or any department, agency or political subdivision thereof.
	 	 	 
	 	(v)	For
    the removal of any doubt, Buyer is entitled to give multiple Indemnity Escrow Claims in accordance with paragraph 4(a) and the provisions
    of this Section 4 shall apply to each such Indemnity Escrow Claim.

 

    	- 5 -

     

    

 

	5.	Escrow
    Agent. The Escrow Agent undertakes to perform only such duties as are expressly set forth herein, which shall be deemed purely
    ministerial in nature, and no other duties, including but not limited to any fiduciary duties, shall be implied. The Escrow Agent
    has no knowledge of, nor any requirements to comply with, the terms and conditions of any other agreement, instrument or document
    between the Parties, in connection herewith, if any, including, without limitation, the Purchase Agreement, nor shall the Escrow
    Agent be required to determine if any Person has complied with any such agreements, nor shall any additional obligations of the Escrow
    Agent be inferred from the terms of such agreements, even though reference thereto may be made in this Agreement. Notwithstanding
    the terms of any other agreement between the Parties, the terms and conditions of this Agreement will control the actions of Escrow
    Agent. The Escrow Agent may rely upon and shall not be liable for acting or refraining from acting upon any Joint Release Instruction
    or Final Determination furnished to it hereunder and believed by it to be genuine and to have been signed by an Authorized Signer
    for each Party or the Parties. Concurrent with the execution of this Agreement, the Parties shall deliver to the Escrow Agent authorized
    signers’ forms in the form of Exhibit A-1 and Exhibit A-2 attached hereto. The Escrow Agent shall be under no
    duty to inquire into or investigate the validity, accuracy or content of any such document, notice, instruction or request; provided,
    however, that the Escrow Agent may not act upon instruction by either Buyer or Seller Party Representative alone where joint
    written instruction is required as provided herein. The Escrow Agent shall have no duty to solicit any payments which may be due
    it or the Escrow Funds. In the event that the Escrow Agent shall be uncertain as to its duties or rights hereunder or shall receive
    instructions, claims or demands from any Party hereto which, in its reasonable opinion, conflict with any of the provisions of this
    Agreement, it shall be entitled to refrain from taking any action and its sole obligation shall be to keep safely all property held
    in escrow until (i) it shall be given a Joint Release Instruction which eliminates such conflict or (ii) it shall be directed in
    a Final Determination. The Escrow Agent may interplead all of the assets held hereunder into a court of competent jurisdiction or
    may seek a declaratory judgment with respect to certain circumstances, and thereafter be fully relieved from any and all liability
    or obligation with respect to such interpleaded assets or any action or non-action based on such declaratory judgment. The Escrow
    Agent may consult with legal counsel of its selection in the event of any dispute or question as to the meaning or construction of
    any of the provisions hereof or its duties hereunder. The Escrow Agent will not be liable for any action taken, suffered or omitted
    to be taken by it in good faith with respect to the Escrow Funds except to the extent that the Escrow Agent’s fraud, willful
    misconduct or gross negligence was the cause of any direct loss to either Party. To the extent practicable, the Parties agree to
    pursue any redress or recourse in connection with any dispute (other than with respect to a dispute involving the Escrow Agent) without
    making the Escrow Agent a party to the same. Anything in this Agreement to the contrary notwithstanding,
    in no event shall the Escrow Agent be liable for any special, indirect, PUNITIVE, incidental or consequential losses or damages of
    any kind whatsoever (including but not limited to lost profits), even if the Escrow Agent has been advised of the likelihood of such
    losses or damages and regardless of the form of action.

 

    	- 6 -

     

    

 

	6.	Resignation
    and Removal of Escrow Agent. The Escrow Agent (a) may resign and be discharged from its duties or obligations hereunder by giving
    30 calendar days’ advance notice in writing of such resignation to the Parties specifying a date when such resignation shall
    take effect or (b) may be removed, with or without cause, by Buyer and Seller Party Representative acting jointly at any time by
    providing to the Escrow Agent a joint written instruction signed by an Authorized Signer of each of Buyer and Seller Party Representative.
    Any corporation or association into which the Escrow Agent may be merged or converted or with which it may be consolidated, or any
    corporation or association to which all or substantially all of the escrow business of the Escrow Agent’s line of business
    may be transferred, shall be the Escrow Agent under this Agreement without further act. The Escrow Agent’s sole responsibility
    after such 30 day notice period expires or after receipt of written notice of removal shall be to hold and safeguard the Escrow Funds
    (without any obligation to reinvest the same) and to deliver the same (i) to a substitute or successor escrow agent pursuant to a
    joint written designation from the Parties, (ii) as set forth in a Joint Release Instruction or (iii) in accordance with the directions
    of a Final Determination, at which time of delivery, the Escrow Agent’s obligations hereunder shall cease and terminate. In
    the event the Escrow Agent resigns, if the Parties have failed to appoint a successor escrow agent prior to the expiration of 30
    calendar days following receipt of the notice of resignation, the Escrow Agent may petition any court of competent jurisdiction for
    the appointment of such a successor escrow agent or for other appropriate relief, and any such resulting appointment shall be binding
    upon all of the Parties hereto.
	 	 
	7.	Fees
    and Expenses. All customary and reasonable fees and expenses of the Escrow Agent are described
    in Schedule 1 attached hereto and one-half of such fees and expenses shall be paid by Buyer and one-half of such fees and expenses
    shall be paid by Seller Party Representative. The fees agreed upon for the services to be rendered hereunder are intended
    as full compensation for the Escrow Agent services as contemplated by this Agreement.
	 	 
	8.	Indemnity.
    Each of the Parties shall jointly and severally indemnify, defend and hold harmless the Escrow Agent and its affiliates and their
    respective successors, assigns, directors, officers, agents and employees (the “Indemnitees”) from and against
    any and all losses, damages, claims, liabilities, penalties, judgments, settlements, actions, suits, proceedings, litigation, investigations,
    costs or expenses (including the reasonable fees and expenses of one outside counsel and experts and their staffs and all expense
    of document location, duplication and shipment) (collectively “Escrow Agent Losses”) arising out of or in connection
    with (a) the Escrow Agent’s execution and performance of this Agreement, tax reporting or withholding, the enforcement of any
    rights or remedies under or in connection with this Agreement, or as may arise by reason of any act, omission or error of the Indemnitee,
    except to the extent that such Escrow Agent Losses, as adjudicated by a court of competent jurisdiction, have been caused by the
    fraud, gross negligence or willful misconduct of the Escrow Agent or any such Indemnitee, or (b) the Escrow Agent following any instructions
    or other directions from Seller Party Representative or Buyer, except to the extent that the Escrow Agent following any such instruction
    or direction is expressly forbidden by the terms hereof. It is understood and agreed that the Escrow Agent does not have a contractual
    right of set-off or a contractual security interest under this Agreement; provided, however, that nothing herein shall
    be construed as a waiver of any statutory or common law rights to which the Escrow Agent may otherwise be entitled with respect thereto.
    The Parties hereto acknowledge that the foregoing indemnities shall survive the resignation or removal of the Escrow Agent or the
    termination of this Agreement. Notwithstanding anything to the contrary herein, Buyer and Seller Party Representative agree, solely
    as between themselves, that any obligation for indemnification under this Section 8 (or for reasonable fees and expenses of
    the Escrow Agent described in Section 7) shall be borne by the Party or Parties determined by a court of competent jurisdiction
    to be responsible for causing the loss, damage, liability, cost or expense against which the Escrow Agent is entitled to indemnification
    or, if no such determination is made, then one-half by Buyer and one-half by Seller Party Representative. The provisions of this
    Section 8 shall survive the resignation or removal of the Escrow Agent and the termination of this Agreement.

 

    	- 7 -

     

    

 

	9.	Tax
    Matters.

 

	 	(a)	Seller
    Party Representative (on behalf of Vendor) shall be responsible for and the taxpayer on all taxes due on the interest or income earned,
    if any, on the Escrow Funds for the calendar year in which such interest or income is earned. The Escrow Agent shall report any interest
    or income earned on the Escrow Funds to the IRS or other taxing authority on IRS Form 1099. Prior to the date hereof, the Parties
    shall provide the Escrow Agent with certified tax identification numbers by furnishing appropriate forms W-9 or W-8 as applicable
    and such other forms and documents that the Escrow Agent may reasonably request.
	 	 	 
	 	(b)	The
    Escrow Agent shall be responsible only for income reporting to the Internal Revenue Service with respect to income earned on the
    Escrow Funds. The Escrow Agent shall withhold any taxes required to be withheld by applicable law, including but not limited to required
    withholding in the absence of proper tax documentation, and shall remit such taxes to the appropriate authorities.
	 	 	 
	 	(c)	The
    Escrow Agent, its affiliates, and its employees are not in the business of providing tax or legal advice to any taxpayer outside
    of Citigroup, Inc. and its affiliates. This Agreement and any amendments or attachments hereto are not intended or written to be
    used, and may not be used or relied upon, by any such taxpayer or for the purpose of avoiding tax penalties. Any such taxpayer should
    seek advice based on the taxpayer’s particular circumstances from an independent tax advisor.

 

	10.	Covenant
    of Escrow Agent. The Escrow Agent hereby agrees and covenants with Buyer and Seller Party Representative that it shall perform
    all of its obligations under this Agreement and shall not deliver custody or possession of any of the Escrow Funds to anyone except
    pursuant to the express terms of this Agreement or as otherwise required by law.
	 	 
	11.	Notices.
    All notices, requests, demands, claims and other communications required under this Agreement shall be in writing, in English, and
    shall be deemed to have been duly given if delivered (i) personally, (ii) by facsimile transmission with written confirmation of
    receipt, (iii) on the day of transmission if sent by electronic mail (“e-mail”) with a PDF attachment executed by an
    authorized signed of the Party/Parties to the e-mail address given below, and written confirmation of receipt is obtained promptly
    after completion of the transmission, (iv) by overnight delivery with a reputable national overnight delivery service, or (v) by
    mail or by certified mail, return receipt requested, and postage prepaid. If any notice is mailed, it shall be deemed given five
    Business Days after the date such notice is deposited with the United States Postal Service. If notice is given to a Party, it shall
    be given at the address for such Party set forth below. It shall be the responsibility of the Parties to notify the Escrow Agent
    and the other Party in writing of any name or address changes.

 

    	- 8 -

     

    

 

if
to Buyer, then to:

 

Genetic
Technologies Limited

60-66
Hanover Street

Fitzroy,
Victoria 3065, Australia

Attention:
Michael Tonroe

E-mail:mike.tonroe@gtglabs.com

 

Statement
Recipient: Yes

 

with
a copy (which shall not constitute notice or service of process) to:

 

BioMeltzer
Pty Limited

13
Wilgah Street

St
Kilda East VIC 3183, Australia

Attention:
Amos Meltzer

E-mail:amos@biomeltzer.com

 

Statement
Recipient: No

 

or,
if to Seller Party Representative, then to:

 

General
Genetics Corporation

c/o
BelHealth Investment Partners

401
E. Las Olas Boulevard, Suite 1400

Fort
Lauderdale, FL 33301

Attention:
Harold Blue

Email:
hblue@belhealth.com

 

Statement
Recipient: Yes

 

with
a copy (which shall not constitute notice or service of process) to:

 

Norton
Rose Fulbright US LLP

1301
Avenue of the Americas

New
York, NY 10019-6022

Attention:
Steven I. Suzzan

E-mail:
steven.suzzan@nortonrosefulbright.com

 

Statement
Recipient: No

 

    	- 9 -

     

    

 

or,
if to the Escrow Agent, then to:

 

Citibank,
N.A.

c/o
Citi Private Bank

Preferred
Custody Services

388
Greenwich Street, 29th FL

New
York, NY 10013

Attention:
Rola Tseng-Pappalardo

E-mail:
rola.tsengpappalardo@citi.com

Telephone
No.: (212)783-7030

Facsimile
No.: (212) 783-7131

 

Notwithstanding
the above, in the case of communications delivered to the Escrow Agent pursuant to the foregoing clause (i) through (v) of this Section
11, such communications shall be deemed to have been given on the date received by the Escrow
Agent. In the event that the Escrow Agent, in its discretion, shall determine that an emergency exists, the Escrow Agent may use such
other means of communication as the Escrow Agent deems appropriate.

 

	12.	Termination.
    This Agreement shall terminate on the first to occur of (a) the distribution of all of the amounts in the Escrow Funds in accordance
    with this Agreement or (b) delivery to the Escrow Agent of a written notice of termination executed jointly by Buyer and Seller Party
    Representative after which this Agreement shall be of no further force and effect except that the provisions of Section 8
    hereof shall survive termination.
	 	 
	13.	Miscellaneous.
    The provisions of this Agreement may be waived, altered, amended or supplemented, in whole or in part, only by a writing signed
    by all of the parties hereto. Neither this Agreement nor any right or interest hereunder may be assigned in whole or in part by any
    party hereto, except as provided in Sections 6 and 16, without the prior consent of the other parties hereto. This
    Agreement shall be governed by and construed under the laws of the State of New York, without giving effect to any choice or conflict
    of law provisions or rules that would cause the application of the laws of any other jurisdiction. Each party hereto irrevocably
    waives any objection on the grounds of venue, forum non conveniens or any similar grounds and irrevocably consents to service of
    process by mail or in any other manner permitted by applicable law and consents to the exclusive jurisdiction of any state or federal
    court located in the State of New York. The parties hereto hereby waive any right to a trial by jury with respect to any lawsuit
    or judicial proceeding arising or relating to this Agreement. This Agreement may be executed in multiple counterparts, each of which
    shall be deemed an original, but all of which together shall constitute one and the same instrument. All signatures of the parties
    to this Agreement may be transmitted by facsimile or electronic transmission in portable document format (.pdf), and such facsimile
    or .pdf will, for all purposes, be deemed to be the original signature of such party hereto whose signature it reproduces, and will
    be binding upon such party hereto. If any provision of this Agreement is determined to be prohibited or unenforceable by reason of
    any applicable law of a jurisdiction, then such provision shall, as to such jurisdiction, be ineffective to the extent of such prohibition
    or unenforceability without invalidating the remaining provisions thereof, and any such prohibition or unenforceability in such jurisdiction
    shall not invalidate or render unenforceable such provisions in any other jurisdiction. The Parties represent, warrant and covenant
    that each document, notice, instruction or request provided by such Party to the Escrow Agent shall comply with applicable laws and
    regulations. Where, however, the conflicting provisions of any such applicable law may be waived, they are hereby irrevocably waived
    by the parties hereto to the fullest extent permitted by law, to the end that this Agreement shall be enforced as written. Except
    as expressly provided in Section 7 and Section 8, nothing in this Agreement, whether express or implied, shall be construed
    to give to any person or entity other than the Escrow Agent and the Parties any legal or equitable right, remedy, interest or claim
    under or in respect of this Agreement or any funds escrowed hereunder.

 

    	- 10 -

     

    

 

	14.	Compliance
    with Court Orders. In the event that any escrow property shall be attached, garnished or levied upon by any court order, governmental
    orders or the delivery thereof shall be stayed or enjoined by an order of a court, government order or any order, judgment or decree
    shall be made or entered by any court order affecting the property deposited under this Agreement, the Escrow Agent is hereby expressly
    authorized, in its sole discretion, to obey and comply with all writs, orders or decrees so entered or issued, which it is advised
    by legal counsel of its own choosing is binding upon it, whether with or without jurisdiction, and in the event that the Escrow Agent
    obeys or complies with any such writ, order or decree it shall not be liable to any of the Parties hereto or to any other Person,
    by reason of such compliance notwithstanding such writ, order or decree be subsequently reversed, modified, annulled, set aside or
    vacated. The Escrow Agent shall promptly notify Buyer and Seller Party Representative in writing (which shall include a copy of the
    writ, order or decree), upon receipt of such writ, order or decree, to the extent legally permissible.
	 	 
	15.	Further
    Assurances. Following the date hereof, each party hereto shall deliver to the other parties such further information and documents
    and shall execute and deliver to the other parties such further instruments and agreements as any other parties shall reasonably
    request to consummate or confirm the transactions provided for herein, to accomplish the purpose hereof or to assure to any other
    party the benefits hereof.
	 	 
	16.	Assignment.
    No assignment of the interest of any of the Parties hereto shall be binding upon the Escrow Agent unless and until written notice
    of such assignment shall be filed with and acknowledged by the Escrow Agent.
	 	 
	17.	Force
    Majeure. The Escrow Agent shall not incur any liability for not performing any act or fulfilling any obligation hereunder by
    reason of any occurrence beyond its control including, but not limited to, any provision of any present or future law or regulation
    or any act of any governmental authority, any act of God; earthquakes; fire; flood; wars; acts of terrorism; civil or military disturbances;
    sabotage; epidemic; riots; interruptions; loss or malfunctions of utilities, computer (hardware or software) or communications services;
    acts of civil or military authority or governmental action, or the unavailability of the Federal Reserve Bank wire services or any
    electronic communication facility), it being understood that the Escrow Agent shall use commercially reasonable efforts which are
    consistent with accepted practices in the banking industry to resume performance as soon as reasonably practicable under the circumstances.

 

    	- 11 -

     

    

 

18.
Compliance with Federal Law. To help the U.S. Government fight the funding of terrorism and money laundering activities and to
comply with Federal law requiring financial institutions to obtain, verify and record information on the source of funds deposited to
an account, the Parties agree to provide the Escrow Agent with the name, address, taxpayer identification number, and remitting bank
for all Parties depositing funds at Citibank pursuant to the terms and conditions of this Agreement. For a non-individual person such
as a business entity, a charity, a trust or other legal entity, the Escrow Agent will ask for documentation to verify its formation and
existence as a legal entity. The Escrow Agent may also ask to see financial statements, licenses, and identification and authorization
documents from individuals claiming authority to represent the entity or other relevant documentation.

 

19.
Use of Citibank Name. No publicly distributed printed or other material in any language, including prospectuses, notices, reports,
and promotional material which mentions “Citibank” by name or the rights, powers, or duties of the Escrow Agent under this
Agreement shall be issued by any other parties hereto, or on such party’s behalf, without the prior written consent of the Escrow
Agent.

 

20.
Publication; Disclosure. By executing this Agreement, the Parties and the Escrow Agent acknowledge
that this Agreement (including all related attachments) contains certain information that is sensitive and confidential in nature and
agree that such information needs to be protected from improper disclosure, including the publication or dissemination of this Agreement
and related information to individuals or entities not a party to this Agreement. The Parties further agree to take reasonable measures
to mitigate any risks associated with the publication or disclosure of this Agreement and information contained therein. If any Party
becomes aware of any threatened or actual unauthorized disclosure, publication or use of this Agreement, that Party shall promptly notify
in writing the other Parties and the Escrow Agent and shall be liable for any unauthorized release or disclosure on its part. The parties
hereto agree and acknowledge that the Escrow Agent’s or a Party’s disclosure of information as may be required by law or
by regulatory auditor shall not be considered an unauthorized release or disclosure.

 

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

 

    	- 12 -

     

    

 

IN
WITNESS WHEREOF, the parties hereto have executed this Escrow Agreement as of the date set forth above.

 

	 	BUYER:
	 	 
	 	Genetic
    Technologies Limited
	 	 
	 	By:	/s/
    Simon Morriss
	 	Name:	Simon
    Morriss
	 	Its:	Chief
    Executive Officer
	 	 
	 	SELLER
    PARTY REPRESENTATIVE
	 	 
	 	General
    Genetics Corporation
	 	 
	 	By:	/s/
    Inder Tallur
	 	Name:	Inder
    Tallur
	 	Its:	President
	 	 
	 	ESCROW
    AGENT:
	 	 
	 	CITIBANK,
    N.A.
	 	 
	 	By:	 
	 	Name:	 
	 	Its:	 

 

    	 

     

    

 

Schedule
1

 

ESCROW
AGENT FEE PROPOSAL

Citibank,
N.A., Escrow Agent

 

Acceptance
Fee

 

To
cover the acceptance of the Escrow Agency appointment, the study of the Agreement, and supporting documents submitted in connection with
the execution and delivery thereof, and communication with other members of the working group:

 

Fee:
WAIVED

 

Administration
Fee

 

The
annual administration fee covers maintenance of the Escrow Account including safekeeping of assets in the escrow accounts, normal administrative
functions of the Escrow Agent, including maintenance of the Escrow Agent’s records, follow-up of the Escrow Agreement’s provisions,
and any other safekeeping duties required by the Escrow Agent under the terms of the Escrow Agreement. Fee is based on Escrow Amounts
being deposited in a non-interest bearing deposit account with a duration of at least a year, FDIC insured to the applicable limits.

 

Fee:
WAIVED

 

Tax
Preparation Fee

 

To
cover preparation and mailing of Form 1099-INT, (or any other applicable tax reporting) for the applicable escrow party and in respect
of the Escrow Funds for each calendar year:

 

Fee:
WAIVED

 

Transaction
Fees

 

To
cover all required disbursements from an escrow account, including disbursements made via check and/or wire transfers, payments to all
parties as designated by client, fees associated with postage and overnight delivery charges incurred by the Escrow Agent as required
under the terms and conditions of the Escrow Agreement:

 

Fee:
WAIVED

 

Other
Fees

 

Material
amendments to the Agreement: additional fee(s), if any, to be discussed at time of amendment

 

 

TERMS
AND CONDITIONS: The above schedule of fees does not include charges for reasonab l e out-of-pocket expenses or for any services of an
extraordinary nature that we or our legal counsel may be called upon from time to time to perform in either an agency or fiduciary capacity.
Our participation in the transactions contemplated by the Agreement is subject to internal approval of the third party depositing monies
into the escrow account. Error! Unknown document property name.

 

    	 

     

    

 

EXHIBIT
A-1

 

Certificate
as to Seller Party Representative’s Authorized Signatures

 

The
specimen signatures shown below are the specimen signatures of the individuals who have been designated as authorized representatives
of Seller Party Representative and are authorized to initiate and approve transactions of all types for the escrow account or accounts
established under this Agreement, on behalf of Seller Party Representative. The below listed persons (must list at least two individuals)
have also been designated Authorized Individuals and may be notified by Citibank N.A. prior to the release of Escrow Funds from the escrow
account(s) unless an original “Standing or Predefined Instruction” letter is on file with the Escrow Agent.

 

	Name
    / Title /Telephone #	 	Specimen
    Signature
	 	 	 
	Inder
    Tallur	 	 
	Name	 	 
	 	 	Signature
	Authorized
    Person	 	 
	Title	 	 
	 	 	 
	(347)
    308-7018	 	 
	Telephone
    #	 	 
	 	 	 
	Joseph
    P. Wynne	 	 
	Name	 	 
	 	 	Signature
	Authorized
    Person	 	 
	Title	 	 
	 	 	 
	347-308-7015	 	 
	Telephone
    #	 	 
	 	 	 

 

    	 

     

    

 

EXHIBIT
A-2

 

Certificate
as to Buyer’s Authorized Signatures

 

The
specimen signatures shown below are the specimen signatures of the individuals who have been designated as authorized representatives
of Buyer and are authorized to initiate and approve transactions of all types for the escrow account or accounts established under this
Agreement, on behalf of Buyer. The below listed persons (must list at least two individuals) have also been designated Authorized Individuals
and may be notified by Citibank N.A. prior to the release of Escrow Funds from the escrow account(s) unless an original “Standing
or Predefined Instruction” letter is on file with the Escrow Agent.

 

	Name
    / Title /Telephone #	 	Specimen
    Signature
	 	 	 
	Simon
    Morriss	 	 
	Name	 	 
	 	 	 
	Chief
    Executive Officer	 	 
	Title	 	Signature
	 	 	 
	+61
    408 579 593	 	 
	Telephone
    #	 	 
	 	 	 
	Michael
    Tonroe	 	 
	Name	 	 
	 	 	 
	Chief
    Financial Officer	 	 
	Title	 	Signature
	 	 	 
	+61
    415 750 996	 	 
	Telephone
    #

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