Document:

Exhibit 10.1

 

THIS PROMISSORY NOTE (“NOTE”)
HAS NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES ACT”). THIS NOTE HAS BEEN ACQUIRED
FOR INVESTMENT ONLY AND MAY NOT BE SOLD, TRANSFERRED OR ASSIGNED IN THE ABSENCE OF REGISTRATION OF THE RESALE THEREOF UNDER THE SECURITIES
ACT OR AN OPINION OF COUNSEL REASONABLY SATISFACTORY IN FORM, SCOPE AND SUBSTANCE TO THE COMPANY THAT SUCH REGISTRATION IS NOT REQUIRED.

 

PROMISSORY NOTE

 

	Principal Amount: up to $250,000 	Dated as of September 8, 2022

(as set forth on the Schedule of Borrowings attached hereto)

 

Authentic Equity Acquisition
Corp., a Cayman Islands exempted company and blank check company (the “Maker”), promises to pay to the order of Authentic
Equity Sponsor LLC, a Delaware limited liability company, or its registered assigns or successors in interest (the “Payee”),
or order, the principal sum of up to Two Hundred and Fifty Thousand U.S. dollars ($250,000) (as set forth on the Schedule of Borrowings
attached hereto) in lawful money of the United States of America, on the terms and conditions described below. All payments on this Note
shall be made by check or wire transfer of immediately available funds or as otherwise determined by the Maker to such account as the
Payee may from time to time designate by written notice in accordance with the provisions of this Note.

 

1.
Principal. The principal balance (including accrued and unpaid interest) of this Note shall be payable by the Maker on the
consummation of the Maker’s initial merger, stock exchange, asset acquisition, stock purchase, recapitalization, reorganization
or similar business combination with one or more businesses or entities (a “Business Combination” and such date, the
“Maturity Date”). The principal balance may be prepaid at any time. Under no circumstances shall any individual, including
but not limited to any officer, director, employee or shareholder of the Maker, be obligated personally for any obligations or liabilities
of the Maker hereunder. Payee understands that if a Business Combination is not consummated, this Note will not be repaid and all amounts
owed hereunder will be forgiven except to the extent that the Maker has funds available to it outside of its trust account established
in connection with its initial public offering.

 

2.
Interest. Interest shall accrue on the unpaid and outstanding principal balance of this Note at the lowest short-term Applicable
Federal Rate (within the meaning of Internal Revenue Code Section 1274) on the date of issue. Interest shall be calculated on the
basis of a 365-day year and the actual number of days elapsed, to the extent permitted by applicable law.

 

3.
Drawdown Requests. Maker and Payee agree that Maker may request up to Two Hundred and Fifty Thousand Dollars ($250,000)
for costs reasonably related to Maker’s initial public offering of its securities or for other general working capital purposes.
The principal of this Note may be drawn down from time to time prior to the the date on which Maker consummates a Business Combination,
upon written request from Maker to Payee (each, a “Drawdown Request”) and subject to the sole discretion of Payee to
fund the request. Each Drawdown Request must state the amount to be drawn down, and must not be an amount less than One Thousand Dollars
($1,000) unless agreed upon by Maker and Payee. Payee shall have sole discretion to fund each Drawdown Request and the maximum amount
of drawdowns collectively under this Note is Two Hundred and Fifty Thousand Dollars ($250,000). No fees, payments or other amounts shall
be due to Payee in connection with, or as a result of, any Drawdown Request by Maker.

 

4.
Application of Payments. All payments shall be applied first to payment in full of any costs incurred in the collection
of any sum due under this Note, including (without limitation) reasonable attorney’s fees, then to the payment in full of any late
charges, then to the payment in full of any accrued but unpaid interest and finally to the reduction of the unpaid principal balance of
this Note.

 

     

     

    

 

5.
Events of Default. The following shall constitute an event of default (“Event of Default”):

 

(a)
Failure to Make Required Payments. Failure by Maker to pay the principal amount or interest due pursuant to this Note within
five (5) business days of the date specified above or issue warrants pursuant to Section 6 hereof, if so elected by the Payee.

 

(b)
Voluntary Bankruptcy, Etc. The commencement by Maker of a voluntary case under any applicable bankruptcy, insolvency, reorganization,
rehabilitation or other similar law, or the consent by it to the appointment of or taking possession by a receiver, liquidator, assignee,
trustee, custodian, sequestrator (or other similar official) of Maker or for any substantial part of its property, or the making by it
of any assignment for the benefit of creditors, or the failure of Maker generally to pay its debts as such debts become due, or the taking
of corporate action by Maker in furtherance of any of the foregoing.

 

(c)
Involuntary Bankruptcy, Etc. The entry of a decree or order for relief by a court having jurisdiction in the premises in
respect of Maker in an involuntary case under any applicable bankruptcy, insolvency or other similar law, or appointing a receiver, liquidator,
assignee, custodian, trustee, sequestrator (or similar official) of Maker or for any substantial part of its property, or ordering the
winding-up or liquidation of its affairs, and the continuance of any such decree or order unstayed and in effect for a period of 60 consecutive
days.

 

6.
Conversion.

 

(a)
Optional Conversion. At the option of the Payee, at any time on or prior to the Maturity Date, any amounts outstanding under
this Note (or any portion thereof), up to $250,000 in the aggregate, may be converted into warrants to purchase Class A ordinary shares
of the Maker (“Class A Shares”) at a conversion price (the “Conversion Price”) equal to $1.00 per
warrant (“Warrants”). If the Payee elects such conversion, the terms of such Warrants issued in connection with such
conversion shall be identical to the warrants issued to the Payee in the private placement that closed on January 20, 2021 (the “Private
Placement Warrants”) in connection with the Maker’s initial public offering (the “IPO”); provided,
however, that the Warrants shall not be subject to forfeiture in connection with the Business Combination and that each Warrant shall
entitle the holder thereof to purchase one Class A Share at a price of $11.50 per share, subject to the same adjustments applicable to
the Private Placement Warrants. Before this Note may be converted under this Section 6(a), the Payee shall surrender this Note, duly endorsed,
at the office of the Maker and shall state therein the amount of the unpaid principal of this Note to be converted and the name or names
in which the certificates for Warrants are to be issued (or the book-entries to be made to reflect ownership of such Warrants with the
Maker’s transfer agent). The conversion shall be deemed to have been made immediately prior to the close of business on the date
of the surrender of this Note and the person or persons entitled to receive the Warrants upon such conversion shall be treated for all
purposes as the record holder or holders of such Warrants as of such date. Each such newly issued Warrant shall include a restricted legend
that contemplates the same restrictions as the Private Placement Warrants. The Warrants and Class A Shares issuable upon exercise of the
Warrants shall constitute “Registrable Securities” pursuant to that certain Registration and Shareholder Rights Agreement
entered into on January 20, 2021 among the Maker, the Payee and certain other security holders named therein.

 

(b)
Remaining Principal. All accrued and unpaid principal of this Note that is not then converted into Warrants pursuant to
this Section 6 shall continue to remain outstanding and to be subject to the conditions of this Note.

 

(c)
Fractional Warrants; Effect of Conversion. No fractional Warrants shall be issued upon conversion of this Note. In lieu
of any fractional Warrants to the Payee upon conversion of this Note, the Maker shall pay to the Payee an amount equal to the product
obtained by multiplying the Conversion Price by the fraction of a Warrant not issued pursuant to the previous sentence. Upon conversion
of this Note in full and the payment of any amounts specified in this Section 6(c), this Note shall be cancelled and void without further
action of the Maker or the Payee, and the Maker shall be forever released from all its obligations and liabilities under this Note.

 

    2

     

    

 

7.
Remedies.

 

(a)
Upon the occurrence of an Event of Default specified in Section 5(a) hereof, Payee may, by written notice to Maker, declare this
Note to be due immediately and payable, whereupon the unpaid principal amount of this Note, the accrued and unpaid interest and all other
amounts payable thereunder, shall become immediately due and payable without presentment, demand, protest or other notice of any kind,
all of which are hereby expressly waived, anything contained herein or in the documents evidencing the same to the contrary notwithstanding.

 

(b)
Upon the occurrence of an Event of Default specified in Sections 5(b) and 5(c), the unpaid principal balance of this Note, the
accrued and unpaid interest and all other sums payable with regard to this Note, shall automatically and immediately become due and payable,
in all cases without any action on the part of Payee.

 

8.
Waivers. Maker and all endorsers and guarantors of, and sureties for, this Note waive presentment for payment, demand, notice
of dishonor, protest, and notice of protest with regard to the Note, all errors, defects and imperfections in any proceedings instituted
by Payee under the terms of this Note, and all benefits that might accrue to Maker by virtue of any present or future laws exempting any
property, real or personal, or any part of the proceeds arising from any sale of any such property, from attachment, levy or sale under
execution, or providing for any stay of execution, exemption from civil process, or extension of time for payment; and Maker agrees that
any real estate that may be levied upon pursuant to a judgment obtained by virtue hereof, on any writ of execution issued hereon, may
be sold upon any such writ in whole or in part in any order desired by Payee.

 

9.
Unconditional Liability. Maker hereby waives all notices in connection with the delivery, acceptance, performance, default,
or enforcement of the payment of this Note, and agrees that its liability shall be unconditional, without regard to the liability of any
other party, and shall not be affected in any manner by any indulgence, extension of time, renewal, waiver or modification granted or
consented to by Payee, and consents to any and all extensions of time, renewals, waivers, or modifications that may be granted by Payee
with respect to the payment or other provisions of this Note, and agrees that additional makers, endorsers, guarantors, or sureties may
become parties hereto without notice to Maker or affecting Maker’s liability hereunder.

 

10.
Notices. All notices, statements or other documents which are required or contemplated by this Agreement shall be: (i) in
writing and delivered personally or sent by first class registered or certified mail, overnight courier service or facsimile or electronic
transmission to the address designated in writing, (ii) by facsimile to the number most recently provided to such party or such other
address or fax number as may be designated in writing by such party and (iii) by electronic mail, to the electronic mail address most
recently provided to such party or such other electronic mail address as may be designated in writing by such party. Any notice or other
communication so transmitted shall be deemed to have been given on the day of delivery, if delivered personally, on the business day following
receipt of written confirmation, if sent by facsimile or electronic transmission, one (1) business day after delivery to an overnight
courier service or five (5) days after mailing if sent by mail.

 

11.
Construction. THIS NOTE SHALL BE CONSTRUED AND ENFORCED IN ACCORDANCE WITH THE LAWS OF NEW YORK, WITHOUT REGARD TO CONFLICT
OF LAW PROVISIONS THEREOF.

 

12.
Severability. Any provision contained in this Note which is prohibited or unenforceable in any jurisdiction shall, as to
such jurisdiction, be ineffective to the extent of such prohibition or unenforceability without invalidating the remaining provisions
hereof, and any such prohibition or unenforceability in any jurisdiction shall not invalidate or render unenforceable such provision in
any other jurisdiction.

 

13.
Trust Waiver. Notwithstanding anything herein to the contrary, the Payee hereby waives any and all right, title, interest
or claim of any kind (“Claim”) in or to any distribution of or from the trust account to be established in which the
proceeds of the IPO conducted by the Maker (including the deferred underwriters discounts and commissions) and certain of the proceeds
of the sale of the warrants issued in a private placement to occur in connection with the consummation of the IPO are to be deposited,
as described in greater detail in the registration statement and prospectus to be filed with the Securities and Exchange Commission in
connection with the IPO, and hereby agrees not to seek recourse, reimbursement, payment or satisfaction for any Claim against the trust
account for any reason whatsoever.

 

14.
Amendment; Waiver. Any amendment hereto or waiver of any provision hereof may be made with, and only with, the written consent
of the Maker and the Payee.

 

15.
Assignment. No assignment or transfer of this Note or any rights or obligations hereunder may be made by any party hereto
(by operation of law or otherwise) without the prior written consent of the other party hereto and any attempted assignment without the
required consent shall be void.

 

[Signature page follows]

 

    3

     

    

 

IN WITNESS WHEREOF, Maker, intending to
be legally bound hereby, has caused this Note to be duly executed by the undersigned as of the day and year first above written.

 

	 	Authentic Equity Acquisition Corp.
	 	a Cayman Islands exempted company
	 	 	 
	 	By:	/s/ David Hooper
	 	Name:	David Hooper
	 	Title:	Chairman and Chief Executive Officer

 

    4

     

    

 

SCHEDULE OF BORROWINGS

 

The following increases or decreases in this Promissory
Note have been made:

 

	
    Date
    of Increase or Decrease
	 	
    Amount of
    decrease in Principal Amount of this Promissory Note
	 	
    Amount of
    increase in Principal Amount of this Promissory Note
	 	
    Principal
    Amount of this Promissory Note following such decrease or increaseExhibit 4.5

 

 

 

 

 

 

 

 

 

LEASE

 

 

 

PREMISES:
Units 4 &10

25-37
Chapman Street,

 Blackburn NorthVIC3130

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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THISANDTHEFOLLOWINGPAGESFORMTHELEASEBETWEENWATTLELABORATORIESPTY
LTD ATF THE ADVANCED CULTURE SYSTEMS UNIT TRUST ABN 12 234 517 721 AND IMMURON LTD ABN 80 063 114 045

 

 

Commercial
Lease Agreement

 

		1.	Landlord.
Wattle Laboratories Pty Ltd ABN 12 234 517 721 the registered office of which is situated at “Lifestyle Building”, Level 1,
Suite 10, 248 Maroondah Highway, Chirnside Park in the State of Victoria. The postal address is Unit 10, 25- 37 Chapman Street, Blackburn
North, VIC, 3130.

 

		2.	Tenant.
lmmuron Ltd ABN 80 063 114 045 of Unit 10, 25-37 Chapman Street, Blackburn North, in the said State.

 

		3.	Premises.
10, 25-37 Chapman Street, Blackburn North in the said State (inclusive of car park spaces).

 

		4.	Landlord’s
Installations. Includes all current services as per last inspection.

 

		5.	Term
of Lease. Three (3) years commencing on Saturday 1st January 2022.

 

		6.	Further
Term. One (1) further term of three (3) years.

 

		6.1.	The
                                            Tenant may exercise its option to renew the lease for the Further Term by written request
                                            to the Landlord before the final date as specified in clause 6.2.

 

		6.2.	The
                                            final date for exercising the option under clause 6.1 is 31st December 2024.

 

		6.3.	The
                                            renewed lease will be for the duration of the Further Term, and will be governed by the same
                                            terms and conditions as this agreement unless the parties agree otherwise.

 

		6.4.	Rent
                                            payable for the Further Term will be determined by the parties prior to renewal of the lease
                                            for the Further Term.

 

		6.5.	At
                                            least six (6) months, and no more than twelve (12) months, prior to the final date specified
                                            in clause 6.2, the Landlord must write to the Tenant notifying it of the final date.

 

		6.6.	The
                                            Landlord does not have to comply with clause 6.5 if the Tenant exercises or purports to exercise
                                            the option before being notified by the Landlord.

 

		7.	PermittedUse
                                            ofPremises.These Premises may be used for office accommodation and warehousing facility.

 

		8.	Rent.
                                            The rent for one year is forty two thousand nine hundred and ninety dollars plus GST which
                                            includes a proportion of outgoings ($42,990.00 plus GST). Tenant will pay this yearly rent
                                            to the Landlord in twelve equal payments of Three thousand five hundred and eighty two dollars
                                            50c plus GST ($3,582.50 plus GST per month).

 

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		9.	Rent
Review.

 

		CPI Review	Annually
on each anniversary date of the commencement of this lease.

 

Further
Terms

 

		CPI Review	Annually
on each anniversary of the commencement date of this lease

 

		10.	Repairs,
Maintenance, Fire Prevention &Requirements of Authorities.

     

		10.1 	Subject
to Clause 10.3, the tenant must:-

     

		10.1.1	keep
the premises in the same condition as at the start of the lease, except for fair wear and tear; and

 

		10.1.2	comply
with all notices and orders affecting the premises which are issued during the term.

 

		10.2 	In
addition to its obligations under clause 3.1, the tenant must -

  

		10.2.1	repaint
or refinish all painted or finished surfaces in a workmanlike manner with as good quality materials as previously at least once every
5 years during the term and any further term viewed as one continuous period.

 

		10.2.2	keep
the premises properly cleaned and free of rubbish, keep waste in proper containers and have it removed regularly.

 

		10.2.3	immediately replace glass which becomes cracked or broken
with glass of the same thickness and quality.

 

		10.2.4	immediately repair defective windows, light fittings, doors, locks and fastenings, and replace missing or inoperative light- globes and
fluorescent tubes, keys and key cards.

 

		10.2.5	maintain in working order all plumbing, drainage, gas, electric,
solar and sewerage installations.

  

		10.2.6	promptly give written notice to the landlord or landlord’s
agent of -

 

		a)	damage to the premises or of any defect in the structure of, or any of the services to, the premises,

 

		b)	receipt of an notice or order affecting the premises,

 

		c)	any hazards threatening or affecting the premises, and
	 	 	 

		d)	any hazards arising from the premises for which to landlord might be liable.

 

		10.2.7	immediately make good damage caused to adjacent property by the tenant
or the tenant’s agents.

 

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		10.2.8	permit
                                            the landlord, its agents or workmen to enter the premises during normal business hours, after
                                            giving reasonable notice (except in cases or emergency)-

 

		a)	to
                                            inspect the premises,

 

		c)	to
do anything to comply with notice or orders of any relevant authority, bringing any necessary material and equipment.

 

		10.2.9	carry
                                            out repairs within 14 days of being serviced with a written notice of any defect or lack
                                            of repair which the tenant is obliged to make good under this lease. If the tenant does not
                                            comply with the notice, the landlord may carry out the repairs and the tenant must repay
                                            the cost to the landlord within 7 days of a request.

 

		10.2.10	only
                                            use persons approved by the landlord to repair and maintain the premises, but, if the Act
                                            applies, only use person who are suitable qualified.

 

		10.2.11	comply
                                            with all reasonable directions of the landlord or the insurer of the premises as to the prevention,
                                            detection and control of fire.

 

		10.2.12	on
                                            vacating the premises, remove all signs and make good any damage caused by the installation
                                            or removal.

 

		10.2.13	take
                                            reasonable precautions to secure the premises and their contents from theft, keep all doors
                                            and windows locked when the premises are not in use and comply with the landlord’s directions
                                            for the use and return of keys or key cards.

 

		10.2.14	permit
                                            the landlord or its agent access to the premises at reasonable times by appointment to show
                                            the premises -

 

		a)	to
                                            valuers and to the landlord’s consultants,

 

		b)	to
                                            prospective purchases at any time during the terms, and

 

		c)	to
                                            prospective tenants within 3 months before the end of the term (unless the tenant has exercised
                                            an option to renew this lease)

 

and
to affix “for sale” or “to let” signs in a way that does not unduly interfere with the permitted use.

 

		10.2.15	maintain
                                            any grounds and gardens of the premises in good condition, tidy, free from weeds and well-watered.

 

		10.2.16	maintain
                                            and keep in good repair any heating, cooling or air conditioning equipment exclusively serving
                                            the premises.

 

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		10.3 	The
                                            tenant is not obliged -

 

		10.3.1	to
                                            repair damage against which the landlord must insure unless the landlord loses the benefit
                                            of the insurance because of acts or omissions by the tenant or the tenants agent’s.

 

		10.3.2	to
                                            carry our structural or capital repairs or alterations or make payments of a capital nature
                                            unless the need for them results from -

 

		a)	negligence
                                            by the tenant or the tenant’s agents,

 

		b)	failure
                                            by the tenant to perform its obligation under this lease,

 

		c)	then
                                            tenant’s use of the premises, other than reasonable use for the permitted use, or

 

		d)	the
                                            nature, location or use the tenant’s installation, in which case the repairs, alterations
                                            or payments are the responsibility of the tenant.

 

		11.	Risks
which the insurance policies must cover:

Fire

Flood

Lightning

Storm
and Tempest

Explosion

Riot
and civil commotion Strikes

Malicious damage

Earthquake

Impact by vehicles

Impact
by Aircraft and articles dropped from them Internal

flood
water

and such other risks as the Landlord reasonable requires from time-to-time.

 

		12.	Amount
                                            of Public Risk. Ten million dollars ($10,000,000) or any other amount reasonable specified
                                            from time-to-time fixed by the Landlord.

 

		13.	Interest
                                            rate on overdue money. An amount which is 2% per annum more that the rate from time-to-time
                                            fixed by the Penalty Interest Rates Act 1983 (VIC).

 

		14.	Building
                                            Outgoings which the tenant must pay or reimburse: Included in annual rental.

 

		15.	Cost
                                            to Operate Services. Included in annual rental.

 

		16.	Makegood.
                                            The Tenant will be obliged to Makegood and will leave the premises in a good and tenantable
                                            condition subject to fair wear and tear. Any damaged caused, if fittings are removed will
                                            be made good.

 

		17.	Landlord’s
                                            Obligations.

 

		17.1 	The
                                            landlord must give the tenant quiet possession for the premises without any interruption
                                            by the landlord or any connected with the landlord as long as the tenant does what it must
                                            under the lease.

 

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		17.2 	The
                                            landlord must take out at the start of the term and keep current policies of insurance for
                                            the risks against -

 

		17.2.1	damage
                                            to and destruction of the building, for its replacement value,

 

		17.2.2	removal
                                            of debris,

 

		17.2.3	breakdown
                                            of landlord’s installation, and

 

		17.2.4	breakage
                                            of glass, for its replacement value.

 

		17.3	The
                                            landlord must give the tenant the written consent to this lease of each mortgagee whose interest
                                            would otherwise have priority over this lease by endorsement on this lease in the terms set
                                            out following the “execution and attestation” section.

 

		17.4	The
                                            landlord must keep the structure (including the external faces and roof) to the building
                                            and landlord’s installation in a condition consistent with their condition at the start of
                                            the lease, but is not responsible for repairs which are the responsibility of the tenant.

 

		18.	Legal
                                            Costs. Each Party to bear its own legal costs.

 

		19.	Governing
                                            Law and Arbitration. This agreement in performance hereunder shall in all respects be governed
                                            by the laws of Victoria. Any controversy or claim arising out of or relating to this agreement
                                            or a breach hereof, shall be settled by arbitration in Melbourne, Victoria, in accordance
                                            with the rules of the Australian Arbitration Association or like organisation, and judgment
                                            on the award rendered by the arbitrator(s) may be entered in any court having jurisdiction
                                            thereof.

 

		20.	Notices.
                                            Unless otherwise specified in this agreement, all notices required or permitted to be given
                                            under it shall be in writing and sent by Australia Post certified mail to the principal office
                                            of the other party indicated in this agreement or at such other address as the parties may
                                            designate in writing.

 

		21.	Amendment.
                                            This Agreement may be modified or amended, if the amendment is made in writing and is signed
                                            by both parties.

 

		22.	Severability.
                                            If any provision of this Agreement shall be held to be invalid or unenforceable for any reason,
                                            the remaining provisions shall continue to be valid and enforceable. If a court finds that
                                            any provision of this Agreement is invalid or unenforceable, but that by limiting such provision
                                            it would become valid or enforceable, then such provision shall be deemed to be written,
                                            construed, and enforced as so limited.

 

		23.	Waiver
                                            Of Contractual Right. The failure of either party to enforce any provision of this Agreement
                                            shall not be construed as a waiver or limitation of that party’s right to subsequently enforce
                                            and compel strict compliance with every provision of this Agreement.

 

		24.	No
                                            Representation. Neither party has made any representations nor promises, other than those
                                            contained in this agreement or in some further writing signed by the party making the representation
                                            orpromise.

 

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		25.	Interpretation.
                                            This Agreement will in all events be construed as a whole, according to its fair meaning,
                                            and not strictly for or against a party merely because that party (or the party’s legal counsel)
                                            drafted the Agreement. The headings, captions, and titles in this legal Agreement are merely
                                            for reference and do not define, limit, extend, or describe the scope of this Agreement or
                                            any provision herein. Unless the context requires otherwise, (a) the gender (or lack of gender)
                                            of all words used in this Agreement includes the masculine, feminine, and neuter, and

 

		(b)	the
word including means including without limitation.

 

		26.	Advice
                                            Of Legal Counsel. Each individual party to this Agreement represents and warrants to each
                                            other party that such party has read and fully understands the terms and provisions hereof,
                                            has had an opportunity to review this Agreement with legal counsel, and has executed this
                                            Agreement based upon such party’s own judgment and advice of independent legal counsel.

 

		27.	Invalid
                                            Provisions. If any provision of this Agreement is held to be illegal, invalid, or unenforceable
                                            under any present or future law, then that provision will be fully severable. This Agreement
                                            will be construed and enforced as if the illegal, invalid, or unenforceable provision had
                                            never comprised a part of this Agreement, and the remaining provisions of this Agreement
                                            will remain in full force and effect and will not be affected by the illegal, invalid, or
                                            unenforceable provision or by its severance from this Agreement. Furthermore, in lieu of
                                            each such illegal, invalid, or unenforceable provision, there will be added automatically,
                                            as a part of this Agreement, a provision as similar in terms to such illegal, invalid, or
                                            unenforceable provision as may be possible and be legal, valid and enforceable.

 

		28.	Further
                                            Assurances. In connection with this Agreement and the transactions contemplated hereby, each
                                            party to this Agreement will execute and deliver any additional documents and perform any
                                            additional acts that may be necessary or appropriate to effectuate and perform its obligations
                                            under this Agreement and the transactions contemplated hereby.

 

		29.	Assignment.
                                            This Agreement may not be assigned by either party without the prior written consent of the
                                            other.

 

		30.	Entire
                                            Agreement. This agreement supersedes and cancels any and all prior agreements between the
                                            parties, express or implied. This instrument sets forth the entire agreement between the
                                            parties; it may not be changed, altered or amended except in writing signed by both parties
                                            to it.

 

[THE
REMAINDER OF THIS PAGE IS INTENTIONALLY LEFT BLANK]

 

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IN WITNESS WHEREOF, the parties have executed this agreement
on this day the 30th November 2021.

 

LANDLORD

 

WATTLE LABORATORIES PTY LTD
ATF THE ADVANCED CULTURE SYSTEMS UNIT TRUST (ABN 12 234 517 721)

 

Duly executed by:

 

	 	/s/ Peter Anastasiou	 	/s/ Stephen Anastasiou 

	Name:	Peter Anastasiou	 	Stephen Anastasiou 
	Title:	Director	 	Director
	Address: 	7 Rookwood Street,	 	18 County Terrace
	 	Balwyn North VIC 3104.	 	Templestowe, VIC 3106.

 

TENANT

 

IMMURON LIMITED (80 063 114 045)

 

Duly executed by:

 

	 	/s/ Jerry Kanellos	 	/s/ Reza Moussakhani

	Name: 	Jerry Kanellos	 	Name: 	Reza Moussakhani
	Tile:	Chief Executive Officer	 	Title:	Manufacturing
Quality Director

 

 

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