Document:

Document

EXHIBIT 10.1
Execution Version

			
	

NINTH AMENDMENT

to

FIFTH AMENDED AND RESTATED CREDIT AGREEMENT

among
LAREDO PETROLEUM, INC.,
as Borrower,
WELLS FARGO BANK, N.A.,
as Administrative Agent,
the Guarantors Signatory Hereto,
and
the Banks Signatory Hereto

			
	

NINTH AMENDMENT TO
FIFTH AMENDED AND RESTATED CREDIT AGREEMENT
This Ninth Amendment to Fifth Amended and Restated Credit Agreement (this “Ninth Amendment”), dated as of August 30, 2022 (the “Ninth Amendment Effective Date”), is among Laredo Petroleum, Inc., a corporation formed under the laws of the State of Delaware (“Borrower”); each of the undersigned guarantors (the “Guarantors”, and together with Borrower, the “Credit Parties”); each of the Banks party hereto; and Wells Fargo Bank, N.A., as administrative agent for the Banks (in such capacity, together with its successors, “Administrative Agent”).
Recitals
A.    Borrower, Administrative Agent and the Banks are parties to that certain Fifth Amended and Restated Credit Agreement dated as of May 2, 2017 (as amended, supplemented or otherwise modified prior to the date hereof, the “Credit Agreement”), pursuant to which the Banks have, subject to the terms and conditions set forth therein, made certain credit available to and on behalf of Borrower.
B.    Borrower has advised the Administrative Agent and the Banks that it has made certain Distributions and certain Redemptions, in each case subsequent to the Eighth Amendment Effective Date and prior to the date hereof (the “Specified Distributions and Redemptions”), certain of which Specified Distributions and Redemptions may not have been permitted under Section 9.2 and/or Section 9.13 of the Credit Agreement, and which may have constituted an Event of Default under clause (c) of Article XI of the Credit Agreement (collectively, the “Specified Defaults”).
C.    The parties hereto desire to enter into this Ninth Amendment (i) to amend the Credit Agreement as set forth in Section 2 hereof and (ii) to evidence the Administrative Agent’s and the Required Banks’ waiver of the Specified Defaults as set forth in Section 3 hereof. The parties hereto desire this Ninth Amendment to be effective, subject to the satisfaction of the conditions precedent set forth in Section 4 hereof, as of the Ninth Amendment Effective Date.
D.    The Administrative Agent and the Required Banks hereby agree to (i) amend the Credit Agreement as set forth in Section 2 hereof and (ii) waive the Specified Defaults as set forth in Section 3 hereof, in each case, upon the terms and conditions set forth herein.
E.    NOW, THEREFORE, in consideration of the premises and the mutual covenants herein contained, for good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto agree as follows:
Section 1.Defined Terms.  Each capitalized term which is defined in the Credit Agreement, but which is not defined in this Ninth Amendment, shall have the meaning ascribed to such term in the Credit Agreement, as amended hereby.  Unless otherwise indicated, all section references in this Ninth Amendment refer to the Credit Agreement.

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Section 2.Amendments to Credit Agreement.  In reliance on the representations, warranties, covenants and agreements contained in this Ninth Amendment, and subject to the satisfaction of the conditions precedent set forth in Section 4 hereof, the Credit Agreement shall be amended effective as of the Ninth Amendment Effective Date, in the manner provided in this Section 2:
2.1Additional Definitions.  Section 1.2 of the Credit Agreement is hereby amended to add thereto in alphabetical order the following definitions which shall read in full as follows:
“Ninth Amendment” means that certain Ninth Amendment to Fifth Amended and Restated Credit Agreement dated as of the Ninth Amendment Effective Date by and among Borrower, Administrative Agent and Banks party thereto.  
“Ninth Amendment Effective Date” means August 30, 2022.
2.2Amendment to Section 1.2 of the Credit Agreement.  Section 1.2 of the Credit Agreement is hereby amended by:
(a)replacing the reference to “Section 9.13(a)(i)” in the definition of “Available Amount” with “Section 9.13(a)(ii)”.
(b)replacing the reference to “Section 9.2(b)” in the definition of “Available Free Cash Flow” with “Section 9.2(c)”.
(c)replacing the reference to “Section 9.2(b)” in the definition of “Capped Distributions and Investments” with “Sections 9.2(b) and (c)”.
2.3Amendment to Section 8.1 of the Credit Agreement.  Section 8.1 of the Credit Agreement is hereby amended by amending and restating clause (r) appearing in Section 8.1 in its entirety to read in full as follows:
(r)    not less than three (3) Business Days’ (or such shorter time as the Administrative Agent may agree to its sole discretion) prior to making any Distribution pursuant to Section 9.2(b) or Section 9.2(c), or making of any Redemption pursuant to Section 9.13(a)(i) or Section 9.13(a)(ii), a certificate of an Authorized Officer in substantially the form of Exhibit M hereto setting forth the amounts of (i) Free Cash Flow for the most recent four fiscal quarter period ended prior thereto for which financial statements have been delivered for the Borrower pursuant to Section 8.1(a) and/or Section 8.1(b), as applicable, (ii) with respect to any Distribution pursuant to Section 9.2(c) or any Redemption pursuant to Section 9.13(a)(i), Available Free Cash Flow (x) as of the date of delivery of such certificate and (y) immediately after giving effect to such Distribution or Redemption, and (iii) with respect to any Distribution pursuant to Section 9.2(b) or any Redemption pursuant to Section 9.13(a)(ii), the Available Amount (x) as of the date of delivery of such certificate and (y) immediately after giving effect to such Distribution or Redemption.

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2.4Amendments to Section 9.2 of the Credit Agreement.  Section 9.2 of the Credit Agreement is hereby amended by:
(a)deleting the phrase “Available Free Cash Flow on a pro forma basis shall be greater than or equal to $0” appearing in Section 9.2(b)(v) and replacing it with “[reserved]”.
(b) adding a new Section 9.2(c) immediately after Section 9.2(b) to read in full as follows:
(c)    make Distributions, so long as immediately after giving effect to any such Distribution, (i) no Default or Event of Default exists or results therefrom, (ii) undrawn Commitments are greater than or equal to thirty-five percent (35%) of the Total Commitment, (iii) the Borrower will be in pro forma compliance with the financial covenant set forth in Section 10.1(a), (iv) the Consolidated Total Leverage Ratio on a pro forma basis is not greater than 2.0 to 1.00, in the case of both (iii) and (iv), Net Debt or Total Debt, as applicable, shall be determined as of the date of calculation after giving effect to such Distribution occurring on such date and Consolidated EBITDAX shall be determined as if such Distribution occurred on the last day of the Fiscal Quarter then most recently ended for which financial statements have been received pursuant to Section 8.1, (v) Available Free Cash Flow on a pro forma basis shall be greater than or equal to $0 and (vi) the Borrower shall have timely delivered the certificate required under Section 8.1(r) with respect to such Distributions; and provided, further that (x) any Equity repurchased pursuant to this Section 9.2(c) shall be contemporaneously cancelled by the Borrower and (y) for clarity, (1) such cancellation is not restricted by Section 9.5 and does not trigger any requirement that the Borrower or any other Credit Party take any further action to be in compliance therewith, and (2) the requirement set forth in clause (iv) of this Section 9.2(c) is applicable only at the time of such Distribution after giving effect to any related borrowing or Debt issuance and does not require that the Consolidated Total Leverage Ratio be maintained at not greater than 2.0 to 1.00 subsequent to giving effect to such Distribution and any related borrowing or Debt issuance.
2.5Amendment to Section 9.13 of the Credit Agreement.  Section 9.13 of the Credit Agreement is hereby amended by:
(a)amending and restating clause (4) appearing in Section 9.13(a)(i) in its entirety to read in full as follows:
(4)    the Consolidated Total Leverage Ratio on a pro forma basis is not greater than 2.0 to 1.00, in the case of both (3) and (4), Net Debt or Total Debt, as applicable, shall be determined as of the date of calculation after giving effect to such Redemption occurring on such date and Consolidated EBITDAX shall be determined as if such Redemption occurred on the last day of the Fiscal Quarter then most recently ended for which financial statements have been received pursuant to Section 8.1,
(b)amending and restating clause (ii) appearing in Section 9.13(a) in its entirety to read in full as follows:

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(ii)    with an aggregate repurchase price not to exceed the Available Amount, so long as immediately after giving effect to such Redemptions (and any Borrowings incurred in connection therewith), (1) no Default or Event of Default exists or results therefrom, (2) undrawn Commitments are greater than or equal to (x) fifty percent (50%)  of the Total Commitment on and prior to December 31, 2022 and (y) thirty-five percent (35%) of the Total Commitment on and after January 1, 2023, and (3) the Borrower will be in pro forma compliance with the financial covenant set forth in Section 10.1(a), (4) the Consolidated Total Leverage Ratio on a pro forma basis is not greater than 2.50 to 1.00, in the case of both (3) and (4), Net Debt or Total Debt, as applicable, shall be determined as of the date of calculation after giving effect to such Redemption occurring on such date and Consolidated EBITDAX shall be determined as if such Redemption occurred on the last day of the Fiscal Quarter then most recently ended for which financial statements have been received pursuant to Section 8.1, and (5) the Borrower shall have timely delivered the certificate required under Section 8.1(r) with respect to such Redemption; or
Section 3.Limited Waiver.  In reliance upon the representations, warranties, covenants and agreements contained in this Ninth Amendment, the receipt and sufficiency of which are hereby acknowledged and confessed, and subject to the satisfaction of the conditions precedent in Section 4 hereof, the Required Banks party hereto hereby waive the Specified Defaults and any breach resulting therefrom that has occurred prior to the date hereof; provided that such waiver is limited to those Specified Distributions and Redemptions that would have been permitted under the Credit Agreement at the time each such Distribution and each such Redemption was made, had the amendments set forth in Section 2 hereof been effective as of the Eighth Amendment Effective Date. The limited waiver provided in this Section 3 shall apply solely with regard to any breach arising solely from the Specified Defaults, and nothing contained in this Ninth Amendment shall be deemed a consent to, or waiver of, any other action or inaction of Borrower or any other Credit Party that constitutes (or would constitute) a violation of, or a departure from, any provision of the Credit Agreement or any other Loan Paper, or which constitutes (or would constitute) a Default or Event of Default.  The limited waiver described in this Section 3 is a one-time waiver limited to the Specified Defaults. The Administrative Agent and the Required Banks shall have no obligation to grant any future waivers, consents or amendments with respect to the Credit Agreement or any Loan Paper.  Other than the limited waiver expressly provided for in this Section 3, Borrower hereby agrees and acknowledges that no course of dealing and no delay in exercising any right, power or remedy conferred on the Administrative Agent or any Bank in the Credit Agreement or in any other Loan Paper or now or hereafter existing at law, in equity, by statute or otherwise shall operate as a waiver of or otherwise prejudice any such right, power or remedy.  Any further waivers or consents must be specifically agreed to in writing in accordance with Section 14.2 of the Credit Agreement.
Section 4.Conditions Precedent.  The effectiveness of this Ninth Amendment is subject to the following:
4.1Administrative Agent shall have received counterparts of this Ninth Amendment from the Credit Parties and the Required Banks.

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4.2Administrative Agent shall have received any fees and expenses due and payable on or prior to the effective date of this Ninth Amendment.
Section 5.Representations and Warranties; Etc.  Each Credit Party hereby affirms: (a) that as of the date hereof, all of the representations and warranties contained in each Loan Paper to which such Credit Party is a party are true and correct in all material respects as though made on and as of the date hereof except (i) to the extent any such representation and warranty is expressly made as of a specific earlier date, in which case, such representation and warranty was true as of such date, (ii) to the extent that any such representation and warranty is expressly qualified by materiality or by reference to Material Adverse Effect, such representation and warranty (as so qualified) is true and correct in all respects and (iii) in the case of the representation and warranty made under Section 7.19 of the Credit Agreement, which shall be true and correct after giving effect to the waiver set forth in Section 3 hereof, (b) after giving effect to the waiver set forth in Section 3 hereof, no Default or Event of Default exist under the Loan Papers or will, after giving effect to this Ninth Amendment, exist under the Loan Papers and (c) no Material Adverse Change has occurred.  
Section 6.Miscellaneous.
6.1Confirmation and Effect.  The provisions of the Credit Agreement (as amended by this Ninth Amendment) shall remain in full force and effect in accordance with its terms following the effectiveness of this Ninth Amendment.  Each reference in the Credit Agreement to “this Agreement”, “hereunder”, “hereof”, “herein”, or words of like import shall mean and be a reference to the Credit Agreement as amended hereby, and each reference to the Credit Agreement in any other document, instrument or agreement executed and/or delivered in connection with the Credit Agreement shall mean and be a reference to the Credit Agreement as amended hereby.
6.2Ratification and Affirmation of Credit Parties.  Each of the Credit Parties hereby expressly (a) acknowledges the terms of this Ninth Amendment, (b) ratifies and affirms its obligations under the Facility Guaranty and the other Loan Papers to which it is a party, (c) acknowledges, renews and extends its continued liability under the Facility Guaranty and the other Loan Papers to which it is a party (in each case, as amended hereby), (d) agrees that its guarantee under the Facility Guaranty and the other Loan Papers (in each case, as amended hereby) to which it is a party remains in full force and effect with respect to the Obligations, as amended hereby, (e) represents and warrants that (i) the execution, delivery and performance of this Ninth Amendment has been duly authorized by all necessary corporate or company action of the Credit Parties, (ii) this Ninth Amendment constitutes a valid and binding agreement of the Credit Parties, and (iii) this Ninth Amendment is enforceable against each Credit Party in accordance with its terms except as (A) the enforceability thereof may be limited by bankruptcy, insolvency or similar Laws affecting creditors’ rights generally, and (B) the availability of equitable remedies may be limited by equitable principles of general applicability, and (f) acknowledges and confirms that the amendments contemplated hereby shall not limit or impair any Liens securing the Obligations, each of which are hereby ratified, affirmed and extended to secure the Obligations after giving effect to this Ninth Amendment.
6.3Counterparts.  This Ninth Amendment may be executed by one or more of the parties hereto in any number of separate counterparts, and all of such counterparts taken together
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shall be deemed to constitute one and the same instrument.  Delivery of this Ninth Amendment by facsimile or electronic (e.g. pdf) transmission shall be effective as delivery of a manually executed original counterpart hereof.
6.4No Oral Agreement.  This written Ninth Amendment, the Credit Agreement and the other Loan Papers executed in connection herewith and therewith represent the final agreement between the parties and may not be contradicted by evidence of prior, contemporaneous, or unwritten oral agreements of the parties.  There are no subsequent oral agreements between the parties.
6.5Governing Law.  This Ninth Amendment (including, but not limited to, the validity and enforceability hereof) shall be governed by, and construed in accordance with, the laws of the State of New York.
6.6Payment of Expenses.  Borrower agrees to pay or reimburse Administrative Agent for all of its out-of-pocket costs and expenses incurred in connection with this Ninth Amendment, any other documents prepared in connection herewith and the transactions contemplated hereby, including, without limitation, the reasonable fees and disbursements of counsel to Administrative Agent.
6.7Severability.  Any provision of this Ninth Amendment 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.
6.8Successors and Assigns.  This Ninth Amendment shall be binding upon and inure to the benefit of the parties hereto and their respective successors and assigns.
6.9Loan Paper.  This Ninth Amendment shall constitute a “Loan Paper” for all purposes under the other Loan Papers.
6.10Waiver of Jury Trial.  Section 14.13 of the Credit Agreement is hereby incorporated by reference, mutatis mutandis.
[Signature Pages Follow]
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IN WITNESS WHEREOF, the parties hereto have caused this Ninth Amendment to be duly executed effective as of the date first written above.
BORROWER:    LAREDO PETROLEUM, INC.

By:    /s/ Mark D. Denny 
Name:    Mark D. Denny
Title:    Senior Vice President, Secretary and General Counsel

GUARANTORS:    LAREDO MIDSTREAM SERVICES, LLC

By:    /s/ Mark D. Denny
Name:    Mark D. Denny
Title:    Senior Vice President, Secretary and General Counsel 

        GARDEN CITY MINERALS, LLC

By:    /s/ Mark D. Denny
Name:    Mark D. Denny
Title:    Senior Vice President, Secretary and General Counsel 

Signature Page to Ninth Amendment to
Fifth Amended and Restated Credit Agreement

WELLS FARGO BANK, N.A.,
as Administrative Agent and as a Bank

By:    /s/ Muhammad A. Dhamani
Name: Muhammad A. Dhamani
Title:    Managing Director

Signature Page to Ninth Amendment to
Fifth Amended and Restated Credit Agreement

BANK OF AMERICA, N.A., 
as a Bank

By:    /s/ Ajay Prakash
Name: Ajay Prakash
Title:   Director

    

Signature Page to Ninth Amendment to
Fifth Amended and Restated Credit Agreement

CAPITAL ONE, NATIONAL ASSOCIATION, as a Bank

By:    /s/ Christopher Kuna
Name:  Christopher Kuna 
Title:    Sr. Director

Signature Page to Ninth Amendment to
Fifth Amended and Restated Credit Agreement

CITIBANK, N.A., 
as a Bank

By:    /s/ Cliff Vaz
Name: Cliff Vaz
Title:   Vice President

 
Signature Page to Ninth Amendment to
Fifth Amended and Restated Credit Agreement

KEYBANK NATIONAL ASSOCIATION, 
as a Bank

By:    /s/ David M. Bornstein
Name: David M. Bornstein
Title:   Senior Vice President

Signature Page to Ninth Amendment to
Fifth Amended and Restated Credit Agreement

MIZUHO BANK, LTD., 
as a Bank

By:    /s/ Edward Sacks
Name: Edward Sacks
Title:   Authorized Signatory

Signature Page to Ninth Amendment to
Fifth Amended and Restated Credit Agreement

PNC BANK, NATIONAL ASSOCIATION, successor to BBVA USA, 
as a Bank

By:    /s/ Julia Barnhill
Name:  Julia Barnhill
Title:    Vice President

Signature Page to Ninth Amendment to
Fifth Amended and Restated Credit Agreement

TRUIST BANK, formerly known as BRANCH BANKING AND TRUST COMPANY, 
as a Bank

By:    /s/ James Giordano
Name: James Giordano
Title:   Managing Director

Signature Page to Ninth Amendment to
Fifth Amended and Restated Credit Agreement

TEXAS CAPITAL BANK, N.A., 
as a Bank

By:    /s/ Quinn Markham
Name: Quinn Markham
Title:   Senior Vice President

Signature Page to Ninth Amendment to
Fifth Amended and Restated Credit Agreement

ZIONS BANCORPORATION, N.A. dba AMEGY BANK, 
as a Bank

By:    /s/ Matt Lang
Name: Matt Lang
Title:   Senior Vice President – Amegy Division

Signature Page to Ninth Amendment to
Fifth Amended and Restated Credit AgreementExhibit
4.12

 

CERTAIN
INFORMATION IN THIS EXHIBIT HAS BEEN REDACTED BECAUSE SUCH INFORMATION IS NOT MATERIAL AND DISCLOSURE THEREOF WOULD CONSTITUTE A CLEARLY
UNWARRANTED INVASION OF PERSONAL PRIVACY. THE REDACTED TERMS HAVE BEEN MARKED AT THE APPROPRIATE PLACE WITH THREE ASTERISKS [***].

 

ASSET
PURCHASE AGREEMENT

 

This
Asset Purchase Agreement is dated 12th May 2022 (Effective Date) by and between

 

Genetic
Technologies Limited ACN 009 212 328, a company formed under the laws of the Commonwealth of Australia, with its principal office
at 60-66 Hanover Street, Fitzroy, Victoria 3065 Australia (GTG), and

 

Affinity
DNA Limited a company formed under the laws of England, with its principal office at 60 Lansdowne Place, Hove, East Sussex, BN3 1FG,
United Kingdom

 

Mr
[***] and Mrs [***], both of [***] United Kingdom

 

Binary
Media Limited a company formed under the laws of England, also with its with its registered office at [***], United Kingdom (Binary
Media)

 

and
each of Affinity DNA Limited, Mr [***] and Binary Media are hereinafter jointly and severally referred to as Affinity.

 

Agreed
terms:

 

	1.	Defined
    terms & interpretation

 

	1.1
    	Defined
    terms

 

In
this agreement:

 

Accounts
means the unaudited Affinity management accounts as at the Accounts Date a true copy of which comprises Annexure A.

 

Accounts
Date means 22 February 2022

 

Agents
means the 7 sales agents engaged by Affinity on the Effective Date, being

 

	(a)	[***],
  Morocco

 

	(b)	[***],
  UK

 

	(c)	[***],
  UK;

 

	(d)	[***]
  USA & Honduras;

 

	(e)	Leeds Canine who covers Fertility Clinica;

 

	(f)	Lucky Pet Limited, Hong Kong;

 

	(g)	Medical Genomics, Ukraine.

 

Assets
means:

 

	(a)	stock
    on hand;
	 	 
	(b)	leases,
    plant and equipment
	 	 
	(c)	Goodwill;

 

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	(d)	business
    names used by the Business;
	 	 
	(e)	Business
    Contracts; 
	 	 
	(f)	Affinity
    IP;
	 	 
	(g)	Records;
    
	 	 
	(h)	Systems;
    and
	 	 
	(i)	all
    other property, rights and assets of Affinity used in the Business, or any other thing agreed by the parties to be an Asset as set
    out in Schedule 3 or as otherwise disclosed to GTG in writing as being an asset of Affinity 

 

but
does not include the Excluded Assets.

 

Business
means the business carried out by Affinity before the Effective Date relating to DNA based testing.

 

Confidential
Information means the following, irrespective of its form or medium and whether or not it comes into existence before, on or after
the date of this agreement:

 

	(a)	all
    information of, used by or related to or connected with the Business or its transactions, operations and affairs including all past,
    current and prospective financial, accounting, marketing, trading, technical and business information, trade secrets, know how, technology
    and operating procedures, customer and supplier lists, the nature and content of agreements with customers and suppliers, data bases,
    source codes, methodologies, manuals, artwork and advertising manuals;
	 	 
	(b)	all
    other information relating to the Business treated by Affinity as confidential;
	 	 
	(c)	all
    notes, reports and other records based on, incorporating or derived from information referred to in paragraphs (a) or (b); and
	 	 
	(d)	all
    copies of the information, notes, reports and records referred to in paragraphs (a), (b) or (c),

 

that
is not public knowledge or known to the other party (otherwise than as a result of a breach of a confidentiality obligation of a party).

 

Business
Contracts means any contract to which Affinity is a party and which relates to the Business, including all agreements with suppliers
and all agreements with Agents.

 

Business
Day means for receiving a notice or for any other purpose, a day that is not a Saturday, Sunday, public holiday or bank holiday in
Melbourne, Victoria, or England.

 

Business
Hours means from 9.00am to 5.00pm on a Business Day.

 

Claim
means any claim, notice, demand, action, proceeding, litigation, investigation or judgment whether based in contract, tort, statute
or otherwise.

 

Completion
means completion of the sale and purchase of the Assets and transfer of the Employees contemplated in this agreement.

 

Completion
Amount means fifty percent (50%) of the Purchase Amount, being two hundred and seventy seven thousand and five hundred Pounds Sterling
(£277,500).

 

Completion
Date means 13 May 2022 or such other date as the parties mutually agree in writing.

 

Conditions
means the conditions precedent set out in clause ‎2.1.

 

Corporations
Act means the Corporations Act 2001 (Cth).

 

Correct
Party has the meaning given to that term in ‎12.1(a).

 

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Data
Room the virtual data room hosted by Affinity, the contents of which are contained on Dropbox delivered by Affinity to GTG on or
before the Effective Date.

 

Debtors
and Receivables means the trade and other receivables and debts or amounts owing to Affinity at the Completion Date in respect of
the Business.

 

Deemed
Payment Date has the meaning given in clause ‎4.7.

 

Due
Diligence Material means:

 

	(a)	the
    information contained in the Data Room, including any written responses by or on behalf of Affinity to questions submitted by or
    on behalf of GTG; and
	 	 
	(b)	the
    written information and documents which were provided to GTG or GTG’s advisors by Affinity or Affinity’s advisors prior
    to the Effective Date, an index of which is set out in Annexure B.

 

Employees
means:

 

	(a)	[***];
	 	 
	(b)	[***];
    and
	 	 
	(c)	[***].

 

Encumbrance
means any mortgage, lien, charge, pledge, claim, or other encumbrance or third party interest.

 

Excluded
Liabilities means:

 

	(a)	Accruals,
    being amounts unpaid by Affinity in relation to the Business at the Completion Date that refer to the period up to and including
    the Completion Date; 
	 	 
	(b)	all
    Claims and Liabilities in connection with any business operated by Affinity, other than the Business; and
	 	 
	(c)	all
    other Claims against Affinity or in respect of the Assets or the Business by a third party in connection with conduct of the Business
    by Affinity prior to the Completion Date. 

 

Fairly
Disclose means fully, fairly and materially disclosed in the Due Diligence Material with sufficient particularity to enable GTG to
assess the full impact on the Business, the Assets and the Employees, of the matter sought to be disclosed.

 

Goodwill
means the goodwill of the Business as defined by the accounting standard utilised by the Affinity DNA Limited.

 

Government
Agency means any government or any governmental, semi-governmental, administrative, fiscal or judicial body, department, commission,
authority, tribunal, agency or entity in Australia (whether federal, state or local) or any other part of the world.

 

Gross
Profit means the difference between the revenue generated from the sales of goods (excluding VAT and other taxes that may be levied
on the sale of goods) and the cost of those goods, which in the case of the Business comprises the cost of test kit, the costs of delivering
the test kits to and from customers and generating laboratory report and sending these to customers.

 

Holdback
Amount means fifty percent (50%) of the Purchase Amount, being two hundred and seventy seven thousand and five hundred Pounds Sterling
(£277,500).

 

Incorrect
Party has the meaning given to that term in clause ‎12.1(a).

 

Incorrect
Payment has the meaning given to that term in clause ‎12.1(a).

 

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Intellectual
Property Licences means all agreements under which Affinity has the right to use, but not ownership of, Intellectual Property Rights
used in connection with the Business.

 

Key
Business Contracts means the Amazon account and the Ebay account and all supplier and agent contracts listed in Schedules 2.

 

Key
Personnel means

 

	(a)	Mr
    [***], of [***], United Kingdom; 
	 	 
	(b)	the
    Employees; and 
	 	 
	(c)	the
    Agents. 

 

Know
How means the information or know how owned by, in the possession or control of Affinity relating to the Business, its systems, technology
and affairs (and whether written or unwritten) including:

 

	(a)	financial,
    technological, strategic or business information, concepts, plans, strategies, directions or systems; 
	 	 
	(b)	operational,
    legal, marketing or accounting information, concepts, plans, strategies, directions or systems;
	 	 
	(c)	improvements,
    processes, formulae, techniques, manuals, instructions, source and object codes for computer software, intellectual property rights
    and technical and historical information relating to them; and
	 	 
	(d)	customer
    and supplier information. 

 

Liabilities
means all liabilities, losses, damages, outgoings, costs and expenses of whatever description, excluding indirect, consequential,
special, punitive or exemplary losses of any kind.

 

Missing
Asset has the meaning given to that term in clause ‎12.2(a).

 

Missing
Asset Period has the meaning given to that term in clause ‎12.2(a).

 

Purchase
Price means five hundred and fifty-five thousand Pounds Sterling (£555,000).

 

Records
means all original or copy records, lists of customers, documents, books, files, reports, accounts, plans and correspondence belonging
to or used by Affinity in the conduct of the Business and whether kept in hard or electronic form other than corporate accounting and
statutory records and documents, files, reports, accounts, plans and correspondence relating to the Excluded Assets.

 

Subject
Claim means a Claim by GTG against Affinity arising as a result of a breach of Warranty, a Claim under the indemnity in clause ‎13.6
or a Claim under the specific indemnities in clause ‎13.12.

 

Subject
Claim Amount means an amount payable by Affinity as a result of a Subject Claim made by GTG under this agreement.

 

Superannuation
Arrangements means any fund, plan, scheme, agreement or arrangement under which superannuation benefits, retirement benefits, life
assurance benefits, death or disability benefits, pensions, annuities or other allowances, gratuities or benefits are or may be provided
to or in respect of any present or former employees of Affinity.

 

Systems
means all computer hardware, systems and software systems including the Affinity accounting, invoicing, debt control, credit control,
debt collection, computer records, software and all ancillary data systems used in the conduct of the Business.

 

Tax
means all forms of taxes, duties, imposts, charges, withholdings, rates, levies or other governmental impositions of whatever nature
and by whatever authority imposed, assessed or charged together with all costs, charges, interest, penalties, fines, expenses and other
additional statutory charges, incidental or related to the imposition and Taxation has a corresponding meaning.

 

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Third
Party Claim means:

 

	(a)	a
    Claim made by a third party against GTG or any of its subsidiaries that may result in a Subject Claim; or
	 	 
	(b)	a
    Claim GTG or any of its wholly owned subsidiaries is entitled to make against a third party based on any set of circumstances that
    may result in a Subject Claim.

 

Title
Warranties means those warranties set out in clause ‎15 of ‎Schedule 1.

 

Affinity
IP means all intellectual property rights of any nature whatsoever owned by, used by or licensed to Affinity in the conduct of the
Business as set out in Schedule 3, including:

 

	(a)	registered
    and unregistered trade marks used by Affinity in the Business set out in Schedule 3 and all associated goodwill;
	 	 
	(b)	domain
    names used by Affinity in the Business, including those set out in Schedule 1 and all associated goodwill; 
	 	 
	(c)	all
    online and social media accounts and profiles maintained by Affinity or used in connection with the Business including Facebook,
    Instagram, Twitter, Snapchat and Tik-Tok accounts (as applicable), all to the extent owned or used by Affinity;
	 	 
	(d)	any
    right to have information (including Confidential Information) kept confidential;
	 	 
	(e)	patents,
    patent applications, drawings, discoveries, inventions, improvements, trade secrets, technical data, formulae, computer programs,
    databases, know how, logos, designs, design rights, copyright and similar industrial or intellectual property rights;
	 	 
	(f)	Know
    How; and 
	 	 
	(g)	Intellectual
    Property Licences.

 

Warranties
means the representations and warranties set out in ‎Schedule 1.

 

	1.2
    	Interpretation

 

In
this agreement, except where the context otherwise requires:

 

	(a)	the
    singular includes the plural and vice versa, and a gender includes other genders;
	 	 
	(b)	another
    grammatical form of a defined word or expression has a corresponding meaning;
	 	 
	(c)	a
    reference to a clause, paragraph, schedule or annexure is to a clause or paragraph of, or schedule or annexure to, this agreement,
    and a reference to this agreement includes any schedule or annexure;
	 	 
	(d)	a
    reference to a document or instrument includes the document or instrument as novated, altered, supplemented or replaced from time
    to time;
	 	 
	(e)	unless
    otherwise specified a reference to time is to Melbourne, Victoria, Australia time;
	 	 
	(f)	a
    reference to a party is to a party to this agreement, and a reference to a party to a document includes the party’s executors,
    administrators, successors and permitted assigns and substitutes;
	 	 
	(g)	a
    reference to a person includes a natural person, partnership, body corporate, association, governmental or local authority or agency
    or other entity;

 

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	(h)	a
    reference to a statute, ordinance, code or other law includes regulations and other instruments under it and consolidations, amendments,
    re-enactments or replacements of any of them;
	 	 
	(i)	a
    rule of construction does not apply to the disadvantage of a party because the party was responsible for the preparation of this
    agreement or any part of it; 
	 	 
	(j)	any
    agreement, representation, warranty or indemnity by two or more parties (including where two or more persons are included in the
    same defined term) binds them jointly and severally;
	 	 
	(k)	any
    agreement, representation, warranty or indemnity in favour of two or more parties (including where two or more persons are included
    in the same defined term) is for the benefit of them jointly and severally; and
	 	 
	(l)	if
    a day on or by which an obligation must be performed or an event must occur is not a Business Day, the obligation must be performed
    or the event must occur on or by the next Business Day.

 

	1.3	Headings

 

Headings
are for ease of reference only and do not affect interpretation.

 

	2.	Conditions

 

	2.1	Conditions

 

The
sale of the Assets contemplated by this agreement and Completion are conditional on each of the following conditions precedent being
satisfied before the Completion Date and all of which are to the benefit of GTG:

 

	 	(a)	the
    Affinity Amazon and account and the Affinity Ebay account are transferred to GTG in a manner that is satisfactory to GTG. 
	 	 	 
	 	(b)	the
    trade mark AFFINITY DNA is assigned and transferred to GTG;
	 	 	 
	 	(c)	there
    are no matters, events or circumstances which have had, or could reasonably be expected to have, either individually or when aggregated
    with other matters, events or circumstances, a material adverse effect on the Business or Assets or the financial or trading position,
    liabilities, revenue, earnings, financial condition, profitability or prospects of Affinity or the Business;
	 	 	 
	 	(d)	there
    being no material breach of any of the Warranties nor any facts or circumstances that may reasonably be expected to give rise to
    a material breach of any of the Warranties to the extent that such suspected breach of Warranty actually occurs; 
	 	 	 
	 	(e)	all
    the Agents deliver to GTG written notice in a form reasonably acceptable to GTG expressing their intention to continue to work with
    the Business after Completion in a manner which is substantially the same as the manner in which they worked with the Business before
    Completion; and
	 	 	 
	 	(f)	all
    Employees who receive an offer of employment from GTG communicate acceptance of that offer in writing.

 

	2.2	Waiver
    of Conditions

 

A
Condition may only be waived in writing by a party entitled to the benefit of that Condition (as set out in the table in clause ‎2.1)
and will be effective only to the extent specifically set out in that waiver.

 

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	2.3	Conduct
    of the parties

 

Each
party must use all reasonable endeavours within its own capacity to ensure that each Condition is satisfied as soon as reasonably practicable
after execution of this agreement and in any event before 4.00pm on the Business Day prior to the Completion Date.

 

	2.4	Failure
    of Condition

 

If
a party has complied with its obligations under clause ‎2.3, it may terminate this agreement by giving notice in writing to the other
parties if:

 

	 	(a)	a
    Condition that the other party must fulfill is or becomes incapable of being satisfied;
	 	 	 
	 	(b)	a
    Condition, having been satisfied, does not remain satisfied in all respects at all times before Completion.

 

	2.5	Effect
    of termination

 

On
termination of this agreement under clause ‎2.4:

 

	 	(a)	clause
    ‎18 continues to apply;
	 	 	 
	 	(b)	subject
    to clauses ‎2.5(a), the parties are released from further performing their obligations under this agreement.

 

	3.	Sale
    and purchase

 

	3.1	Sale
    and purchase of Assets

 

Affinity
agrees to sell the Assets to GTG, and GTG agrees to buy the Assets from Affinity:

 

	 	(a)	in
    respect of the Assets: 

 

	 	(i)	for
    the Purchase Price; and
	 	 	 
	 	(ii)	free
    from any Encumbrance; and 

 

	 	(b)	on
    the Completion Date.

 

	3.2	Excluded
    Assets

 

The
sale and purchase under this agreement does not include the Excluded Assets.

 

	3.3	Excluded
    Liabilities

 

Affinity
remains responsible for the Excluded Liabilities and nothing in this agreement is intended to or may be construed so as to make GTG liable
to any person in respect of the Excluded Liabilities.

 

	3.4	Employees

 

Affinity,
as the employer of the Employees agrees to facilitate the transfer of the Employees to GTG and GTG agrees to make offers of employment
to the Employees.

 

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	4.	Purchase
    Price

 

	4.1	Amount

 

The
Purchase Price for the Assets is:

 

	 	(a)	the
    Completion Amount; plus
	 	 	 
	 	(b)	the
    Holdback Amount.

 

	4.2	Payment
    of Purchase Price

 

GTG
must pay the Purchase Price to Affinity as follows:

 

	 	(a)	on
    the Completion Date, paying the Completion Amount to Affinity subject to the adjustment described in paragraph (a) of clause ‎8.4;
    and
	 	 	 
	 	(b)	the
    Holdback Amount in accordance with clause ‎4.4.

 

	4.3	Set
    off against Holdback Amount

 

Without
limitation to clause ‎4.4, and subject to (i) written notice by GTG to Affinity and such notice provides particularity as to the
reason for the following and (ii) the opportunity for Affinity to make written representations to GTG as to the subject set out in GTG’s
notice GTG may set off against and deduct from the Holdback Amount, all or any reasonable part of any Subject Claim Amount payable by
Affinity prior to the first (1st) anniversary of the Effective Date. The time within which Affinity must deliver its written
representation to GTG is two (2) weeks of GTG’s written notice referred to in paragraph (i) failing which, GTG is no obligated
to consider Affiniy’s representation.

 

	4.4	Payment
    of Holdback Amount

 

Within
5 Business Days after first (1st) anniversary of the Effective Date and subject to (i) GTG conducting the affairs of the Business in
no less a manner than it was conducted prior to the Completion Date, and (ii) the Business achieving a Gross Profit of at least three
hundred and sixty seven thousand pounds (£367k) in the twelve months following Completion, if the Holdback Amount has not been
fully exhausted in accordance with clause ‎4.3, then GTG must pay to Affinity the balance of the Holdback Amount in accordance with
clause ‎4.7.

 

	4.5	Interest
    on Holdback Amount

 

Interest
on the Holdback Amount is payabe from the Completion until the Holdback Amount is extinguished to whichever of GTG or Affinity is entitled
to the Holdback Amount in accordance with clause ‎4.6.

 

	4.6	Entitlement
    to Holdback Amount

 

	 	(a)	GTG
    is entitled to: 

 

	 	(i)	withhold
    from the Holdback Amount all or any part of any Subject Claim Amount (including, where applicable, all accrued interest) if clause
    ‎4.3 applies; or 
	 	 	 
	 	(ii)	the
    Holdback Amount (including all accrued interest) if this agreement is terminated by GTG due to a failure by Affinity to satisfy any
    Condition under clause ‎2.4. 

 

	 	(b)	In
    all other circumstances, Affinity is entitled to the Holdback Amount (including all accrued interest).

 

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	4.7	Manner
    of Payment

 

All
cash payments under this agreement must be paid by direct transfer of immediately available funds to a bank account or accounts nominated
by the party to whom the payment is due and by not later than 4pm on the due date for payment.

 

	5.	Obligations
    before Completion

 

	5.1	Continuity
    of business

 

Subject
to clause ‎5.3, from the date of this agreement until Completion, Affinity must:

 

	 	(a)	carry
    on the Business in the usual and ordinary course having regard to its nature, scope and manner, including in relation to payment
    and collection obligations under the Business Contracts and Key Business Contracts in advance;
	 	 	 
	 	(b)	regularly
    consult GTG on the conduct of the Business;
	 	 	 
	 	(c)	Fairly
    Disclose to GTG in writing, immediately on it becoming aware of the same, full details of any fact, matter, event or circumstance
    which constitutes a breach by Affinity of this agreement; and
	 	 	 
	 	(d)	conduct
    the Business in compliance with all applicable laws and regulations.

 

	5.2	Prohibited
    actions

 

Without
limiting clause ‎5.1, but subject to clause ‎5.3, Affinity must not (and must procure that any of Affinity’s related bodies
corporate do not) before Completion:

 

	 	(a)	dispose
    or agree to dispose of or encumber an Asset other than in the ordinary course of business;
	 	 	 
	 	(b)	of
    its own volition, terminate or adversely vary or fail to enforce the terms of any Business Contract or accept or agree to any variations
    to services to be performed or goods to be supplied under a Business Contract;
	 	 	 
	 	(c)	enter
    into any abnormal or unusual transaction which adversely affects the Business;
	 	 	 
	 	(d)	enter
    into material commitments (or series of commitments) for capital expenditure;
	 	 	 
	 	(e)	amend
    the terms of engagement of, or terminate the employment of, any of the Key Personnel, or agree to hire, any employee, agent or contractor;
	 	 	 
	 	(f)	in
    its conduct of the Business make any change to its policy and Business as to the payment of creditors and collection of trade receivables;
    
	 	 	 
	 	(g)	change
    its existing accounting policies or procedures; 
	 	 	 
	 	(h)	change
    its existing practices, policies or procedures in relation to payment of fees under the Business Contracts or Key Business Contracts;
    and
	 	 	 
	 	(i)	authorise,
    commit or agree to do any of the matters referred to in paragraphs ‎(a) to ‎(h).

 

	5.3	Exceptions

 

Clauses
‎5.1 and ‎5.2 do not prevent any action contemplated or required by this agreement or prevent any action or omission agreed in
writing between Affinity and GTG.

 

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	5.4	GTG’s
    right of access

 

Affinity
must facilitate and ensure that GTG, its officers, employees, advisers and agents are authorised and provided with access to the premises
occupied by Affinity and the Records at all reasonable times before Completion to enable GTG to become familiar with the conduct of the
Business and to make informed decisions under clauses ‎5.1 and ‎5.2, provided that such persons are bound by terms of confidentiality
no less than those set out herein

 

	5.5	GTG’s
    right to copy material

 

In
exercise of the rights granted to GTG under clause ‎5.4, GTG may, at its cost, make copies of the material examined and the provisions
relating to Confidential Information shall apply to such copies.

 

	5.6	GTG
    to avoid disruption

 

GTG
must use their reasonable endeavours to ensure that any access under clause ‎5.4 is exercised and conducted in a manner to avoid
unreasonable and material disruption to the conduct of the Business, its activities, operations and employees.

 

	6.	Completion

 

	6.1	Time
    and Electronic

 

	 	(a)	Completion
    will take place on the Completion Date subject to all Conditions having been satisfied (or waived under clause ‎2.2) or on any
    other date and at any other place or time as the parties agree.
	 	 	 
	 	(b)	Except
    as otherwise agreed at Completion and notwithstanding clause ‎6.1(a), the parties acknowledge and agree that Completion will
    take place electronically to the extent practical.

 

	6.2	Affinity’s
    obligations

 

Within
a reasonable period following Completion, subject to GTG being in a position to accept the same, Affinity must deliver to GTG:

 

	 	(a)	all
    Assets, title to and risk which passes by delivery, at the places where they are located; 
	 	 	 
	 	(b)	a
    deed of assignment or deed of novation or otherwise a complete transfer of each Business Contract or such other document reasonably
    acceptable to GTG, duly executed by Affinity and any third party signatories and on terms reasonably acceptable to GTG, or on terms
    no less then what was agreed with Affinity; 
	 	 	 
	 	(c)	to
    the extent that they exist, all documents of title relating to the Assets, by delivering them, including electronic delivery, to
    GTG; 
	 	 	 
	 	(d)	duly
    executed assignments or transfers of Affinity IP (in registrable form if required to record a change of ownership), and all login
    and access credentials in relation to Affinity IP that GTG reasonably requires; 
	 	 	 
	 	(e)	the
    Records;
	 	 	 
	 	(f)	duly
    executed discharges or releases of all Encumbrances over the Assets to the extent that any Encumbrances exist; 
	 	 	 
	 	(g)	forms
    and other documents evidencing the Superannuation Arrangements in respect of Employees; and
	 	 	 
	 	(h)	any
    other document or thing reasonably necessary to give full effect to this agreement as it relates to the Business.

 

	6.3	GTG’s
    obligations

 

At
Completion:

 

	 	(a)	 GTG must pay the Completion Amount to Affinity;
	 	 	 
	 	(b)	GTG
    must promptly deliver to Affinity duly executed counterparts of:

 

	 	(i)	any
    document to be delivered by Affinity at Completion to which GTG is party. 

 

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	6.4	Simultaneous
    actions at Completion

 

In
respect of Completion:

 

	 	(a)	the
    obligations of the parties under this agreement are inter-dependent;
	 	 	 
	 	(b)	all
    actions required to be performed are taken to have occurred simultaneously on the Completion Date; and
	 	 	 
	 	(c)	completion
    of the sale is dependent on the transfer of the Asset and the transfer of the Employees.

 

	6.5	Scheduled
    Completion Date

 

The
date on which Completion is required to take place in accordance with clause ‎6.1 is referred to in clause ‎6.6 as the scheduled
Completion Date, which expression includes any later date set for Completion in accordance with clause ‎6.6.

 

	6.6	Completion
    obligations breached

 

If
on the scheduled Completion Date:

 

	 	(a)	GTG
    has not complied in any material respect with any of its obligations under clause ‎6.3, Affinity is entitled, at its discretion;
    or
	 	 	 
	 	(b)	if
    Affinity has not complied in any material respect with its obligations under clause ‎6.2, GTG is entitled, at its discretion,
    

 

in
either case:

 

	 	(c)	to
    defer Completion to any subsequent Business Day not more than 10 Business Days after the scheduled Completion Date or any later date
    set for Completion in accordance with this clause (in this event, this clause will apply to the scheduled Completion Date so deferred);
	 	 	 
	 	(d)	if
    applicable, to waive the requirement to fulfil those obligations, in whole or in part, and following this waiver to complete the
    sale and purchase of the Assets; 
	 	 	 
	 	(e)	so
    far as practicable, to complete the sale and purchase of the Assets; or
	 	 	 
	 	(f)	except
    in respect of GTG’s non-compliance to terminate this agreement.

 

	6.7	Post
    Completion

 

Affinity
acknowledges that after Completion GTG may apply to register any unregistered trade mark. Affinity agrees that it will not object to
any such trade mark application and, if required, will assist GTG in making the application.

 

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	7.	Title
    and risk

 

	7.1	Title

 

Title
to the Assets passes to GTG at Completion or delivery of said Assets whichever is later.

 

	7.2	Possession

 

Possession
of the Assets and risk related to the Assets is given and taken at Completion.

 

	8.	Trading
    responsibilities

 

	8.1	Profits
    and losses

 

Subject
to Completion occurring, all profits and losses relating to the conduct of the Business:

 

	 	(a)	up
    to and including the Completion Date, belong to Affinity; and
	 	 	 
	 	(b)	in
    the period from the Completion Date, belong to GTG.

 

	8.2	Liabilities

 

Subject
to Completion occurring, and subject to clauses ‎8.1 and ‎8.3:

 

	 	(a)	all
    Liabilities relating to the Assets and the operation of the Business in the period up to and including the Completion Date, are the
    responsibility of Affinity and Affinity indemnifies GTG from and against those Liabilities ; and
	 	 	 
	 	(b)	all
    Liabilities relating to the Assets and the operation of the Business in the period from the Completion Date, are the responsibility
    of GTG, and GTG indemnifies Affinity from and against those Liabilities

 

	8.3	Professional
    indemnity Claims

 

	 	(a)	Affinity
    acknowledges that all professional indemnity claims from the Business arising before Completion are the liability of Affinity. Affinity
    indemnifies and must keep indemnified GTG with respect to any such claim. 
	 	 	 
	 	(b)	GTG
    acknowledges that all professional indemnity claims from the Business arising after Completion are the liability of GTG. GTG indemnifies
    and must keep indemnified Affinity with respect to any such claim. 

 

	8.4	Parties
    to account

 

	 	(a)	At
    least one (1) week in advance of the time scheduled between Affinity and GTG for Completion:: 

 

	 	(i)	Affinity
    and GTG will account to each other for all amounts that each party expects to receive and be entitled to receive as well as pay and
    be liable to pay to third parties after Completion; 
	 	 	 
	 	(ii)	Affinity
    and GTG will shall mutually agree on the amount that one of them will be expected to pay to the other in accordance with paragraph
    (b) below; and
	 	 	 
	 	(iii)	if
    the parties will agree that Affinity will be expected to pay GTG, GTG shall be entitled to set off from the Completion Amount ninety
    percent (90%) of such expected amount payable by Affinity;

 

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	 	(b)	Affinity
    and GTG will account to each other on the last Business Day of each month after the Completion Date for all amounts not already accounted
    for in accordance with paragraph (a) of this clause ‎8.4 and that is received by that party to which the other party is entitled
    and any insurance rebates relating to transactions after Completion received by Affinity (to which GTG is entitled).
	 	 	 
	 	(c)	Until
    such time as Affinity or GTG have accounted to the other party for amounts which are due to that party Affinity or GTG (whichever
    is relevant) will hold all such amounts on trust for the other party. 

 

	9.	Business
    Contracts 

 

	9.1	Assignment

 

	 	(a)	Subject
    to Completion, and on and with effect from the Completion Date, Affinity assigns and GTG accepts an assignment of all of Affinity’s
    rights under, benefits of and interests in the Business Contracts (Benefits) and assumes the burden of the Business Contracts
    in accordance with this clause ‎9.1.
	 	 	 
	 	(b)	This
    agreement does not constitute an assignment or an attempted assignment of a Business Contract if an assignment or attempted assignment
    requires the consent of the counterparty to the Business Contract and would constitute a breach of that Business Contract if an assignment
    were made without that consent.

 

	9.2	Consent
    to transfer of Business Contracts

 

	 	(a)	If
    the consent of a third party is required for the transfer of a Business Contract to GTG under clause ‎9.1, Affinity must use
    its reasonable endeavours to obtain that consent by or as soon as reasonably practicable after Completion.
	 	 	 
	 	(b)	Pending
    the transfer of a Business Contracts to GTG under and subject to clause ‎9.1, Affinity must:

 

	 	(i)	hold
    the Benefits of the Business Contract on trust for GTG and account to GTG promptly after receipt by it for the value of any Benefit
    of the Business Contract that arises (or relates to the period) after the Completion Date;
	 	 	 
	 	(ii)	enforce
    the Business Contract against any counterparty to it in the manner that GTG directs (and promptly following such direction) from
    time to time, at the sole expense of GTG; and

 

not
agree to any termination, amendment or variation of or waiver of any of Affinity’s rights under the Business Contract without the
prior written approval of GTG.

 

	 	(c)	For
    clarity, the parties acknowledge that the Benefits described in clause ‎9.2‎(b)(i) are expected to be receivables that third
    party customers of the Business pay to Affinity in error, where GTG is the correct recipient of such receivables.

 

	9.3	Performance
    of Business Contracts

 

	 	(a)	Affinity
    must perform and observe until Completion all obligations of Affinity under any Business Contract which are due to be performed (or
    relate to the period) on or before Completion.
	 	 	 
	 	(b)	GTG
    must, to the extent it lawfully can, assume, perform and observe all obligations of Affinity under any Business Contract which are
    due to be performed (or relate to the period) after Completion.
	 	 	 
	 	(c)	Up
    and until the first anniversary from the Completion Date, Affinity must, at the request and sole expense of and with the assistance
    of GTG, use reasonable endeavours to perform any obligation of it under any Business Contract which arises (or relates to the period)
    from Completion and for a reasonable period which GTG cannot lawfully assume, perform or observe. 
	 	 	 
	 	(d)	From
    the Completion Date and subject to clauses ‎9.4 and ‎9.5, GTG will be solely responsible for maintaining the Systems including
    the payment of any subscriptions payable in respect of the Systems except to the extent the subscriptions related to the period prior
    to, or became due and payable prior to, the Completion Date. 

 

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	9.4	Affinity
    to cooperate generally

 

Pending
the transfer of a Business Contract to GTG under clause ‎9.1 and to give effect to the allocation of responsibility for performance
of and Liability for a Business Contract under clauses ‎9.3, ‎9.5 and ‎9.6, Affinity must fully cooperate with GTG in any
reasonable arrangement designed to provide for GTG the Benefits, subject to GTG assuming the burden of the Business Contract, including
(i) duly performing the Business Contract by subcontracting the obligations under the Business Contract to GTG on the same terms as those
in the Business Contract or (ii) delegating management and performance of the Business Contract to GTG to the extent permitted and reasonably
practicable to do so.

 

	9.5	Affinity’s
    indemnity

 

Subject
to Completion occurring, Affinity indemnifies GTG from and against all Liabilities suffered, paid or incurred by GTG from or in relation
to:

 

	 	(a)	any
    breach, non-performance or non-observance of any obligation of Affinity under a Business Contract which is due to be performed (or
    relates to the period) on or before the Completion Date, except to the extent that any such Liability is suffered, paid or incurred
    from acts, omissions of, or events caused or contributed to by GTG (other than at the direction of Affinity);
	 	 	 
	 	(b)	any
    Claim made by a counterparty under a Business Contract arising from events, acts or omissions occurring on or before the Completion
    Date, except to the extent that any such Liability is suffered, paid or incurred from acts, omissions of, or events caused or contributed
    to by GTG (other than at the direction of Affinity);
	 	 	 
	 	(c)	any
    breach, non-performance or non-observance of any obligation of Affinity under a Business Contract which which is due to be performed
    (or relates to the period) after the Completion Date incurred from acts, omissions or events caused or contributed to by Affinity
    (other than at the direction of GTG) strictly to the extent that such Business Contract remains with Affinity as a party pending
    assignment of such Business Contract to GTG; and
	 	 	 
	 	(d)	any
    material breach of clauses ‎9.2(b), ‎9.3 or ‎9.4.

 

	9.6	Transfer
    of Business Contract unavailable

 

If,
despite their reasonable endeavours, Affinity and GTG are unable (including because any third party consent required cannot be obtained)
to transfer a Business Contract under clauses ‎9.1 within 3 months from Completion, GTG may, by written notice to Affinity, require
Affinity to procure that such Business Contract is terminated with, in so far as reasonably practicable, no additional liability to either
Affinity or GTG. There will be no adjustment to the Purchase Price as a result of any such termination.

 

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	10.	Employees

 

	10.1	Offers
    of employment

 

Within
10 Business Days after the date of this agreement GTG must make offers of employment to the Employees. The offers must be:

 

	 	(a)	in
    a form which offers to each Employee terms and conditions of employment that are materially no less favourable taken overall than
    that Employee’s current terms and conditions of employment;
	 	 	 
	 	(b)	conditional
    on Completion occurring and the Employees resigning from the employment with Affinity; and
	 	 	 
	 	(c)	expressed
    to take effect on the Completion Date.

 

	10.2	Notifications

 

	 	(a)	If
    an Employee advises Affinity that GTG accepts GTG’s offer of employment, then Affinity must promptly notify GTG. If an Employee
    advises GTG that the Employee accepts GTG’s offer of employment, then GTG must promptly notify Affinity.
	 	 	 
	 	(b)	Affinity
    must use its best endeavours to encourage each Employee to accept GTG’s offer of employment, including by: 

 

	 	(i)	recommending
    to each Employee that they accept the offer; and
	 	 	 
	 	(ii)	providing
    the GTG with access to the Employees during business hours, for the purposes of discussing the offer.

 

	10.3	Termination
    of employment of Transferring Employees

 

At
Completion, Affinity must release from its employment (with effect from the Completion Date) all Employees who have by Completion accepted
an offer of employment made in accordance with clause ‎10.1.

 

	10.4	Information
    about Employees

 

Not
later than 5 days before the Completion Date (or, in respect of a person who becomes an Employee in the period between the date of this
agreement and the Completion Date, as soon as practicable after they become an Employee), Affinity must provide a written statement to
GTG setting out:

 

	 	(a)	the
    name of each Employee;
	 	 	 
	 	(b)	each
    Employee’s employment commencement date with Affinity;
	 	 	 
	 	(c)	any
    changes to the information contained in the due diligence materials relating to any Employee;
	 	 	 
	 	(d)	accurate
    and up to date details of each Employee’s accrued but untaken or pro rata annual leave (including rostered days off) and personal
    leave (comprising sick and carer’s leave or any other statutory leave period);
	 	 	 
	 	(e)	any
    workers compensation claim lodged by any Employee where such Claim is founded upon an injury or an aggravation of an injury allegedly
    caused or arising from an event or circumstances occurring during the Employee’s employment by Affinity; and
	 	 	 
	 	(f)	any
    Claim made, or notice given by an Employee relating to that Employee’s employment with Affinity, including any termination
    of employment of that Employee by Affinity. 

 

    	15 | P a g e

     

    

 

	10.5	Affinity’s
    payment obligations

 

On
the Completion Date, Affinity must, in respect of each Employee, pay:

 

	 	(a)	to
    the Employee all amounts to which that Employee is or may become entitled by law or under any industrial instrument, award, agreement
    or arrangement, on termination of employment in connection with:

 

	 	(i)	wages,
    salary, commission, bonuses (including transaction bonuses or incentive payments) or allowances accruing or arising in respect of
    the period up to and including the Completion Date (other than in respect of annual leave and long service leave); and
	 	 	 
	 	(ii)	the
    extent that Affinity is legally entitled to make payment of such amounts under applicable industrial relations laws, untaken or pro
    rata annual leave (including loadings) and untaken or pro rata long service leave, accrued or arising at the Completion Date; and

 

	 	(b)	all
    statutory employer contributions due to be made by Affinity in respect of the period of employment up to and including the Completion
    Date in respect of that Employee. For the avoidance of doubt, this includes any accrued but not yet due payments up to Completion.

 

	10.6	Prior
    Service

 

If
Affinity has made a payment to an Employee under clause ‎10.5(a)(ii) based on prior service, GTG’s obligation to that Employee
for the future benefits to which that payment relates will only be in respect of actual service with GTG from the Completion Date.

 

	10.7	Assumption
    of leave benefits

 

Except
to the extent that Affinity has made a payment to an Employee under clause ‎10.5(a)(ii) based on prior service, GTG will assume,
recognise, and become solely responsible for all accrued and untaken or pro rata entitlements of each Employee for annual leave (including
loading) as at the Completion Date.

 

	10.8	Affinity
    indemnity

 

Subject
to Completion occurring, Affinity indemnifies GTG against all Liabilities suffered, paid or incurred by GTG from:

 

	 	(a)	any
    Claim by any Employee for any wages, salary, commission, bonuses (including transaction bonuses or incentive payments) and other
    benefits or entitlements accruing to the Employee on or before the Completion Date (other than leave entitlements which GTG assumes
    under clause ‎10.7); and
	 	 	 
	 	(b)	any
    breach by Affinity of its statutory, contractual or other legal obligations to an Employee on or prior to the Completion Date. 

 

    	16 | P a g e

     

    

 

	10.9	GTG’s
    indemnity

 

Subject
to Completion occurring, GTG indemnifies Affinity against all Liabilities suffered, paid or incurred by Affinity from:

 

	 	(a)	any
    Claim by any transferring Employee for any wages, salary, commission, bonuses and other benefits or entitlements accruing to the
    Employee in respect of the period after the Completion Date; 
	 	 	 
	 	(b)	any
    breach by the GTG of its statutory, contractual or other legal obligations to a transferring Employee after the Completion Date.

 

	11.	Debtors
    and Receivables

 

	11.1	Ownership

 

Following
Completion, Affinity remains the owner of the Debtors and Receivables.

 

	11.2	Collection

 

	 	(a)	Subject
    to clauses ‎11.2(b) and ‎11.3, Affinity remains responsible for the collection of the Debtors and Receivables.
	 	 	 
	 	(b)	Affinity
    must have regard to all matters material to the goodwill of the Business in its collection of the Debtors and Receivables and must
    not knowingly carry out, authorise or permit any action against any debtor which might harm or lessen the value of such goodwill.

 

	11.3	No
    enforcement proceedings

 

Affinity
may not take or threaten any enforcement proceedings against any debtors to recover the Debtors and Receivables without GTG’s prior
written consent, such consent not to be unreasonably withheld or delayed.

 

	12.	Wrong
    pockets

 

	12.1	Wrong
    pockets

 

	 	(a)	Subject
    to this agreement, if after Completion:

 

	 	(i)	money
    owing to Affinity by a third party in respect of the period prior to Completion is paid into the account of GTG or a related body
    corporate of GTG; or
	 	 	 
	 	(ii)	money
    owing to GTG by a third party in respect of the period after Completion is paid into the account of Affinity or a related body corporate
    of Affinity, 

 

(in
either case, an Incorrect Payment), then the party receiving the Incorrect Payment (Incorrect Party) is liable to the party
who should have been paid (Correct Party) for full payment of the money to the Correct Party and the Incorrect Party must, immediately
on becoming aware, notify the Correct Party and ensure that the money is paid to the Correct Party within 5 Business Days of the Incorrect
Payment being identified.

 

	 	(b)	The
    parties must execute all documents and do or procure to be done all such further reasonable acts or things as may be necessary to
    give effect to this clause ‎12.1.

 

    	17 | P a g e

     

    

 

	12.2	Missing
    Assets

 

	 	(a)	If,
    during the period from Completion to the date which is 12 months after Completion (Missing Assets Period), the legal title
    to, or the beneficial interest in, any Asset used solely for the purpose of conducting the Business immediately prior to Completion
    is not delivered by Affinity in accordance with this agreement and/or remains vested in Affinity or any of its related bodies corporate
    after Completion (each a Missing Asset), Affinity must as soon as reasonably practicable and on terms that no additional consideration
    is provided by GTG (or any other person), for the transfer:

 

	 	(i)	transfer
    or procure the transfer and, to the extent applicable, execute or procure the execution by Affinity or any of its related bodies
    corporate of any documents as may be necessary for the purpose of transferring (free of any security interest except as permitted)
    all right, title and interest in the Missing Asset to GTG; and
	 	 	 
	 	(ii)	do
    or procure to be done all such further acts or things as necessary for the purpose of vesting all right, title and interest in the
    Missing Asset in GTG.

 

	 	(b)	Affinity
    must notify GTG as soon as reasonably practicable if, during the Missing Assets Period, it comes to Affinity’s attention that
    there is any Missing Asset.
	 	 	 
	 	(c)	From
    the time it comes to Affinity’s attention that there is any Missing Asset, Affinity must, and must procure any of its related
    bodies corporate will, maintain the Missing Asset until the date of completion of the transfer of the Missing Asset to GTG.
	 	 	 
	 	(d)	Affinity
    must promptly account to GTG for any benefits Affinity or any of Affinity’s related bodies corporate receives (after accounting
    for any costs incurred) as a result of the holding of any Missing Asset for the period from Completion until it is transferred to
    GTG.
	 	 	 
	 	(e)	Clause
    ‎12.2(a) does not apply to any Missing Asset that by law cannot be transferred to GTG or which pursuant to the terms of this
    agreement the provision of such Asset to GTG has been waivered by GTG.

 

	13.	Warranties

 

	13.1	Warranties

 

Affinity
represents and warrants to GTG that, except as Fairly Disclosed in this agreement or the Due Diligence Material, each of the Warranties
is materially true and accurate and not misleading:

 

	 	(a)	at
    the date of this agreement; and 
	 	 	 
	 	(b)	as
    at the Completion Date by reference to the facts and circumstances then existing. 

 

	13.2	Reliance
    by GTG

 

Affinity
acknowledges that GTG is entering into this agreement in reliance on the Warranties.

 

    	18 | P a g e

     

    

 

	13.3	Application
    of Warranties

 

Each
of the Warranties:

 

	 	(a)	remains
    in full force after Completion in accordance with clause ‎13.9;
	 	 	 
	 	(b)	is
    separate and independent and not limited or restricted by any other Warranty or provision of this agreement; and
	 	 	 
	 	(c)	is
    not affected by any investigation made by or on behalf of GTG or any information relating to the Business of which GTG has knowledge,
    actual or constructive, except to the extent that it is Fairly Disclosed in this agreement or the Due Diligence Material.

 

	13.4	Affinity
    to Fairly Disclose breach

 

Affinity
must Fairly Disclose to GTG in writing, promptly on Affinity becoming aware of full details of any fact, matter, event or circumstance
which:

 

	 	(a)	does
    or might constitute a breach of any of the Warranties when given on the execution of this agreement; or
	 	 	 
	 	(b)	will
    or might constitute a breach of any of the Warranties when deemed given again immediately prior to Completion.

 

	13.5	No
    limitations for fraud or Title Warranties

 

None
of the limitations on Subject Claims in this clause ‎13 will apply to any claim made against Affinity in the case of any fraud, dishonesty,
wilful misstatement or wilful non-disclosure by or on behalf of Affinity or relating to a breach of a Title Warranty.

 

	13.6	Indemnity
    for Subject Claims

 

Subject
to the other provisions of this clause ‎13, Affinity indemnifies GTG for all Liabilities that GTG suffers or incurs by reason of
any Subject Claim.

 

	13.7	Treatment
    of Subject Claim payment

 

A
payment made for a Subject Claim that:

 

	 	(a)	relates
    to one or more of the Assets, is to be treated as a reduction in the Purchase Price attributed to each relevant Asset; or
	 	 	 
	 	(b)	does
    not relate to specific Assets, is to be treated as a reduction in the Purchase Price for all of the Assets on a pro rata basis;

 

provided
that in the event Affinity disputes the amount to be deducted, both parties agree to dedicate a two (2) week period to attempting in
good faith to attain a mutually acceptable resolution to any such dispute, failing which, they agree to submit such dispute to a Chartered
Accountant for his/her determination as to the pro-rata amount to be deducted.

 

	13.8	Notice
    of Subject Claims

 

	 	(a)	GTG
    must promptly give Affinity written notice of a Subject Claim or anything GTG becomes aware of that may result in a Subject Claim
    (including any Third Party Claim) (Claim Notice).
	 	 	 
	 	(b)	A
    Claim Notice must include all material and reasonable details of the Subject Claim (to the extent known by GTG) including:

 

	 	(i)	Any
    supporting documentation including any correspondence relating to the Subject Claim; and
	 	 	 
	 	(ii)	the
    nature of the Subject Claim; 
	 	 	 
	 	(iii)	whether
    the Subject Claim involves a Third Party Claim.

 

    	19 | P a g e

     

    

 

	13.9	Time
    limits for Claim Notices and Subject Claims

 

Affinity
will not be liable for any Subject Claim unless it receives a Claim Notice for the Subject Claim within 12 months after the Completion
Date.

 

	13.10	Lower
    limits for Subject Claims

 

Affinity
will not be liable for a Subject Claim unless:

 

	 	(a)	the
    amount of the Subject Claim is more than £5,000; and
	 	 	 
	 	(b)	the
    aggregate amount of all Subject Claims exceeds £15,000, then Affinity will be liable for the whole amount of all Subject Claims.
    

 

	13.11	Upper
    limit for Subject Claims

 

Notwithstanding
anything to the contrary in this Agreement except clause ‎13.5, Affinity’s maximum aggregate liability for Subject Claims is
limited to an amount equal to the Purchase Price.

 

	13.12	Consequential
    loss

 

Notwithstanding
anything to the contrary in this agreement, Affinity has no Liability (whether by way of damages or otherwise) to GTG in connection with
any Subject Claim, that are or result from Liabilities not naturally arising from or a reasonably foreseeable consequence of the relevant
breach of an Affinity Warranty or are indirect, consequential, special, punitive or exemplary losses Affinity, sustained or incurred
by any person, whether arising in contract or tort (including negligence), but excluding iabilities which are direct loss of profit or
direct loss of production

 

	13.13	Loss
    mitigation

 

	 	(a)	GTG
    must:

 

	 	(i)	promptly
    take all actions that are reasonable to mitigate any loss that may give rise to a Subject Claim; and 
	 	 	 
	 	(ii)	not
    omit, and procure that no related body corporate of GTG omit, to take any reasonable action that would mitigate any loss that may
    give rise to a Subject Claim.

 

	 	(b)	If
    GTG does not comply with paragraph ‎13.13‎(a) and compliance with paragraph ‎13.13‎(a) would have mitigated the quantum
    of a Subject Claim, Affinity is not liable for the amount by which the Subject Claim would have been reduced had the Purchaser complied
    with clause ‎13.13‎(a).

 

	14.	Specific
    indemnities

 

	 	(a)	Affinity
    irrevocably indemnifies and holds harmless GTG for any Liabilities (including operational expenditure, rectification and reasonable
    legal costs) incurred by GTG as a consequence of any event, act or failure to act that occurs, or is deemed to occur on, before,
    after or because of Completion, arising as a result of, or in respect of, or by reference to:

 

	 	(i)	any
    Claim made against GTG or Liabilities suffered or incurred by GTG in relation to the Excluded Assets or the Excluded Liabilities;
    and 
	 	 	 
	 	(ii)	any
    use by Affinity or any of its directors or agents of Affinity of the unregistered intellectual property in connection with the Business,
    including any Claims made against Affinity, the Business or GTG for the infringement of intellectual property rights, passing off,
    or misleading and deceptive conduct to the extent such Claims and Liabilities relate to the period prior to Completion.

 

    	20 | P a g e

     

    

 

	 	(b)	The
    parties acknowledge and agree that GTG may not make any Claim in respect of a specific indemnity specified in clause ‎14(a) to
    (i) the extent the Claim was caused by the fraud or wilful negligence of GTG, or (ii) the Liability arose after the first anniversary
    of Completion Date. 
	 	 	 
	 	(c)	Except
    in respect of clause 13.12 and the exclusion of indirect, special or consequential damages, the specific indemnities specified in
    clause ‎14(a) are otherwise not subject to any limitations (including any of the limitations set out in clause ‎13). 

 

	15.	Capacity

 

	15.1	Capacity

 

Each
party represents and warrants to each other party that:

 

	 	(a)	it
    is validly existing under the laws of its place of incorporation or registration;
	 	 	 
	 	(b)	it
    has the power to enter into and perform its obligations under this agreement and to carry out the transactions contemplated by this
    agreement;
	 	 	 
	 	(c)	it
    has taken all necessary action to authorise its entry into and performance of this agreement and to carry out the transactions contemplated
    by this agreement;
	 	 	 
	 	(d)	its
    obligations under this agreement are valid and binding and enforceable against it in accordance with their terms;
	 	 	 
	 	(e)	the
    execution, delivery and performance by it of this agreement (and any other agreement required to be entered into by it in connection
    with this agreement) will not, subject to satisfaction of the Conditions: 

 

	 	(i)	result
    in a breach of, or constitute a default under, any agreement or arrangement to which it is party or by which it is bound; or
	 	 	 
	 	(ii)	result
    in a breach of any law or order, judgment or decree of any court, governmental agency or regulatory body to which it is a party or
    by which it is bound.

 

	16.	After
    Completion

 

	16.1	Records
    and Affinity’s rights of access

 

After
Completion, Affinity will have the right, at all reasonable times, on reasonable notice and at its cost, to access, and to take copies
of, any Records reasonably necessary for it:

 

	 	(a)	to
    comply with any applicable law, including any applicable law relating to Tax;
	 	 	 
	 	(b)	to
    prepare Tax or other returns required of it by law; or
	 	 	 
	 	(c)	for
    the purpose of dealing with the accounting, Taxation, financial or insurance affairs of Affinity or any of its related bodies corporate,

 

provided
that any copies of Records or information obtained from the Records must be kept confidential in accordance with clause ‎18.14 and
used solely for the above purposes.

 

    	21 | P a g e

     

    

 

	16.2	Excluded
    Records and GTG’s rights of access

 

After
Completion and for a period of 24 months thereafter, GTG will have the right, at all reasonable times, on reasonable notice and at its
cost, to access, and to take copies of, any Excluded Records to the extent that they relate to the Business and as reasonably necessary
for it:

 

	 	(a)	to
    operate the Business; 
	 	 	 
	 	(b)	to
    comply with any applicable law, including any applicable law relating to Tax;
	 	 	 
	 	(c)	to
    prepare Tax or other returns required of it by law; or
	 	 	 
	 	(d)	for
    the purpose of dealing with the accounting, Taxation, financial or insurance affairs of GTG or any of their related bodies corporate,

 

provided
that (i) GTG’s rights pursuant to this clause 16.2 does not include the item (B) of the Excluded Liabilities and (ii) any copies
of Excluded Records or information obtained from the Excluded Records must be kept confidential in accordance with clause ‎18.14
and used solely for the above purposes.

 

	16.3	Business
    Confidential Information

 

With
effect from Completion, Affinity must keep and must procure that each of its related bodies corporate keeps the Business Confidential
Information confidential in accordance with clause ‎18.14.

 

	16.4	Use
    of business names and logos

 

Affinity
must ensure that, as soon as reasonably practicable, but within two weeks, after the Completion Date:

 

	 	(a)	Affinity
    and each Prohibited Person (as defined in clause ‎17.1) cease to use or display trade or service marks, trade or service names,
    registered designs or logos or access or operate social media accounts and profiles used in connection with the Business including
    Facebook, Instagram, Twitter, Snapchat and Tik-Tok accounts (as applicable), transferred to GTG under this agreement or any substantially
    identical or deceptively similar mark, design, name or logo used by the Business; and
	 	 	 
	 	(b)	Affinity
    and each Prohibited Person (as defined in clause ‎17.1) cease to use or display the name AFFINITY or any name which is
    a variation of, substantially identical or deceptively similar with to those words.

 

	17.	Restraint

 

	17.1	Definitions

 

In
this clause ‎17:

 

engage
in means to carry on, participate in, provide finance or services, or otherwise be directly or indirectly involved as a shareholder,
unitholder, director, consultant, adviser, contractor, principal, agent, manager, employee, beneficiary, partner, associate, trustee
or financier.

 

Prohibited
Person means Affinity DNA Limited, Mr [***] and Binary Media, any person related to the any of them and any body corporate
within the same corporate group and any persons controlled by the foregoing persons.

 

    	22 | P a g e

     

    

 

	17.2	Covenants

 

Affinity
undertakes to GTG that, subject to clause ‎17.6, the Prohibited Persons will not :

 

	 	(a)	engage
    in any business, activity or services in which the the Prohibited Person’s role requires being involved in any way in the sale
    of DNA tests or DNA based testing

 

	 	(i)	or
    otherwise in competition with the Business or any material part of any of it; 

 

	 	(b)	solicit,
    canvass, approach or accept any approach from any person who was at any time prior to the Completion Date a customer of the Business
    with a view to obtaining the custom of that person in a business that is the same or similar to the Business and is in competition
    with the Business; 
	 	 	 
	 	(c)	interfere
    with the relationship between the Business and its customers, employees or suppliers; or
	 	 	 
	 	(d)	induce
    or assist in the inducement of any employee of GTG to leave that employment.

 

	17.3	Duration
    of covenants

 

The
undertakings in clause ‎17.2 are given for a period commencing on the Completion Date and ending on:

 

	 	(a)	the
    third anniversary of the Completion Date;
	 	 	 
	 	(b)	the
    second anniversary of the Completion Date;
	 	 	 
	 	(c)	the
    first anniversary of the Completion Date; 
	 	 	 
	 	(d)	the
    date that is six months after the Completion Date.

 

	17.4	Geographic
    application of covenants

 

The
undertakings given in clause ‎17.2 only apply if the activity prohibited under clause ‎17.2 occurs within:

 

	 	(a)	the
    world;
	 	 	 
	 	(b)	the
    Asia-Pacific region;
	 	 	 
	 	(c)	Australia;
    
	 	 	 
	 	(d)	Victoria.

 

	17.5	Interpretation

 

Clauses
‎17.2 and ‎17.4, have effect together as if they consisted of separate provisions, each results from combining each undertaking
in clauses ‎17.2 respectively with each period in clause and combining each of those combinations with each separate area in clause
‎17.4. If any of those separate provisions is invalid or otherwise unenforceable for any reason, the invalidity or unenforceability
shall not affect the validity or enforceability of any of the other separate provisions or other combinations of those separate provisions
of clauses ‎17.2and ‎17.4.

 

    	23 | P a g e

     

    

 

	17.6	Exception

 

Clause
‎17 does not restrict a Prohibited Person from holding 5% or less of the shares of a listed company.

 

	17.7	Acknowledgments
    of Affinity

 

Affinity
acknowledges that:

 

	 	(a)	all
    the prohibitions and restrictions contained in this clause ‎17 are reasonable in the circumstances and necessary to protect the
    Goodwill;
	 	 	 
	 	(b)	GTG
    may apply for injunctive relief if:

 

	 	(i)	a
    Prohibited Person breaches or threatens to breach clause ‎17; or
	 	 	 
	 	(ii)	it
    believes a Prohibited Person is likely to breach clause ‎17; and

 

	 	(c)	damages
    are not an adequate remedy if a Prohibited Person breaches clause ‎17. 

 

	18.	Miscellaneous

 

	18.1	Assignment
    in general

 

A
party may only assign this agreement or a right under this agreement with the prior written consent of each other party.

 

	18.2	Alterations

 

This
agreement may be altered only in writing signed by each party.

 

	18.3	Approvals
    and consents

 

Except
where this agreement expressly states otherwise, a party may, in its discretion, give conditionally or unconditionally or withhold any
approval or consent under this agreement.

 

	18.4	Costs

 

Subject
to clause ‎18.4‎(b), each party must pay its own costs of negotiating, preparing, executing and completing this agreement and
any other documents contemplated by this agreement.

 

	18.5	Survival

 

Any
indemnity or any obligation of confidence under this agreement is independent and survives termination of this agreement.

 

	18.6	Counterparts,
    electronic execution and exchange of documents

 

	 	(a)	This
    agreement may be executed in counterparts. All executed counterparts constitute one document.
	 	 	 
	 	(b)	In
    relation to the electronic execution and exchange of documents:

 

	 	(i)	parties
    may exchange executed counterparts of this agreement, or any other document required to be executed under this agreement, by delivery
    from one party to the other party by emailing a pdf (portable document format) copy of the executed counterpart to that other party
    (Electronic Delivery); and
	 	 	 
	 	(ii)	Electronic
    Delivery of an executed counterpart will be deemed effective delivery of the original executed counterpart, from the date and time
    of receipt by the other party.

 

    	24 | P a g e

     

    

 

	18.7	No
    merger

 

The
rights and obligations of the parties under this agreement do not merge on completion of any transaction contemplated by this agreement.

 

	18.8	Entire
    agreement

 

This
agreement constitutes the entire agreement between the parties in connection with its subject matter and supersedes all previous agreements
or understandings, whether written or oral, between the parties in connection with its subject matter.

 

	18.9	Further
    action

 

Each
party must do, at its own expense, everything reasonably necessary (including executing documents) to give full effect to this agreement
and the transactions contemplated by it.

 

	18.10	Severability

 

A
term or part of a term of this agreement that is illegal or unenforceable may be severed from this agreement and the remaining terms
or parts of the term of this agreement continue in force.

 

	18.11	Waiver

 

A
party does not waive a right, power or remedy if it fails to exercise or delays in exercising the right, power or remedy. A single or
partial exercise of a right, power or remedy does not prevent another or further exercise of that or another right, power or remedy.
A waiver of a right, power or remedy must be in writing and signed by the party giving the waiver.

 

	18.12	Relationship

 

Except
where this agreement expressly states otherwise, it does not create a relationship of employment, trust, agency or partnership between
the parties.

 

	18.13	Confidentiality

 

A
party may only use confidential information of another party for the purposes of this agreement, and must keep the existence and the
terms of this agreement and any confidential information of another party confidential except where:

 

	 	(a)	the
    information is public knowledge (but not because of a breach of this agreement) or the party has independently created the information;
	 	 	 
	 	(b)	disclosure
    is made to a person who must know for the purposes of this agreement on the basis that the person keeps the information confidential.

 

	18.14	Announcements

 

A
public announcement in connection with this agreement or a transaction contemplated by it must be agreed by the parties before it is
made, except if required by law or a regulatory body (including as relevant to the ASX listing rules), in which case the party required
to make an announcement must, to the extent practicable, first consult with and take into account the reasonable requirements of each
other party,

 

	18.15	Governing
    law and jurisdiction

 

This
agreement is governed by the law of the state of Victoria, Australia and each party irrevocably and unconditionally submits to the non-exclusive
jurisdiction of the courts of Victoria, Australia

 

    	25 | P a g e

     

    

 

Schedule
1- Warranties (clause ‎11)

 

Warranty
1– Solvency of Affinity

 

	1.1	No:
    

 

	 	(a)	meeting
    has been convened, resolution proposed, petition presented or order made for the winding up or declaration of bankruptcy of Affinity;
	 	 	 
	 	(b)	trustee
    in bankruptcy, administrator, receiver, receiver and manager, provisional liquidator, liquidator or other officer of the Court has
    been appointed in relation to all or any material asset of Affinity; or
	 	 	 
	 	(c)	mortgagee
    or chargee has taken, attempted or indicated an intention to exercise its rights under any security of which Affinity is the mortgagor
    or chargor.

 

	1.2	Affinity:

 

	 	(a)	is
    not insolvent within the meaning of section 95A of the Corporations Act or bankrupt; 
	 	 	 
	 	(b)	has
    not stopped paying its debts as and when they fall due; 
	 	 	 
	 	(c)	has
    not been served with a demand under section 459E of the Corporations Act which it is taken, under section 459F of the Corporations
    Act, to have failed to comply with; and
	 	 	 
	 	(d)	is
    not subject to administration under Part 5.3A of the Corporations Act. 

 

Warranty
2– Accounts 

 

	2.1	The
    Accounts: 

 

	 	(a)	give
    a materially true and fair view of:

 

	 	(i)	the
    financial position and the assets and liabilities of the Business and the Assets as at the Accounts Date; and
	 	 	 
	 	(ii)	the
    financial performance of the Business for the 12 months ended on the Accounts Date; 

 

	 	(b)	were
    prepared in accordance with: 

 

	 	(i)	the
    Accounting Standards and comply with them; and
	 	 	 
	 	(ii)	the
    same accounting principles, policies, Business and procedures (and method of application of them) as were applied in the corresponding
    accounts for the previous 3 years; 

 

	 	(c)	contain
    proper and adequate provision for, and disclosure of, all Liabilities of the Business as at the Accounts Date; and
	 	 	 
	 	(d)	are
    not affected by any unusual, abnormal, extraordinary, exceptional or non–recurring items.

 

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	2.2	Since
    the Accounts Date:

 

	 	(a)	there
    has been no material adverse change in the assets, liabilities, financial or trading position, performance or prospects of the Business
    and no fact, matter, event or circumstance has occurred which is likely to give rise to any such change; 
	 	 	 
	 	(b)	the
    Business has been carried on in the ordinary course of business and without any interruption or alteration in its nature, scope or
    manner;
	 	 	 
	 	(c)	Affinity
    has not, in relation to the Business, entered into or incurred any contract or commitment other than in the ordinary and usual course
    of carrying on the Business;
	 	 	 
	 	(d)	Affinity
    has not, in relation to the Business, incurred or undertaken any actual or contingent liabilities or obligations, including Taxation,
    except in the ordinary and usual course of the Business’s business;
	 	 	 
	 	(e)	Affinity
    has not, in relation to the Business, acquired or disposed of or dealt with any assets of the Business, including the Assets, nor
    has it entered into any agreement or option to acquire or dispose of any assets of the Business, including the Assets other than
    in the ordinary and usual course of the Business’s business and for full market value;
	 	 	 
	 	(f)	Affinity
    has not entered into or altered any contract of service with any officers, Employees or agents or increased or agreed to increase
    the rate of remuneration or compensation payable to any of its officers, Employees or agents; and
	 	 	 
	 	(g)	there
    have been no material increases or decreases in the levels of debtors or creditors of the Business or in the average collection or
    payment periods for debtors and creditors respectively.

 

Warranty
3 – Records 

 

	3.1	The
    Records:

 

	 	(a)	that
    comprise hard copies, if any, are in the physical possession of Affinity; 
	 	 	 
	 	(b)	include
    all records required under, or to comply with or support any return or claim under, any applicable law (including any Tax law and
    the Corporations Act); 
	 	 	 
	 	(c)	have
    been properly and accurately prepared and maintained in all material respects in accordance with all applicable laws and are up to
    date where legally required; and
	 	 	 
	 	(d)	do
    not contain material inaccuracies or discrepancies of any kind.

 

Warranty
4 – Assets and the Business

 

	4.1	Affinity
    is either the absolute legal and beneficial owner of, or have an appropriate license to use each Asset and has full capacity and
    power to own, lease and operate the Assets and to conduct the Business.
	 	 
	4.2	On
    Completion, there will be no Encumbrances over or affecting any Asset and Affinity is not party to any agreement to grant any Encumbrance
    over any Asset.
	 	 
	4.3	The
    Assets:

 

	 	(a)	comprise
    all of the assets used by Affinity in the Business, except the Excluded Assets; and
	 	 	 
	 	(b)	are
    the only assets necessary for the conduct and operation of the Business as currently carried on excluding the Property Leases.

 

	4.4	Except
    in the case of non-exclusive licenses, there are no agreements, arrangements or understandings in force requiring any Asset to be
    shared with or made available to any person other than Affinity. 

 

    	27 | P a g e

     

    

 

	4.5	Affinity has not, in relation to the Business, acquired or agreed to acquire any asset on terms that the property in that asset does not pass to it until full payment is made.
	 	 
	4.6	Affinity is not a party to any agreement under which it is or may be bound to share its profits or pay any royalties or to waive or abandon any rights to which it is entitled.
	 	 
	4.7	Affinity is not aware of any proposals of any Government Agency or any organisation representing the Employees, the implementation of which (whether by force of law or voluntarily) might adversely affect the profitability of the Business or require any substantial capital expenditure by GTG.
	 	 
	4.8	Affinity has perfected each Encumbrance granted in favour of it that forms part of the Assets.
	 	 
	4.9	Each Encumbrance (being an Encumbrance that forms part of the Assets) held by Affinity in any property ranks in priority to each other Encumbrance in that property (if any).
	 	 
	4.10	None of the Assets are taxable Australian property for the purposes of Division 855 of the Income Tax Assessment Act 1997 (Cth). Affinity agrees that GTG can rely on this warranty as a declaration for the purposes of Subdivision 14-D to Schedule 1 to the Taxation Administration Act 1953 (Cth).

 

Warranty
5 – Trading arrangements

 

	5.1	There
    is no contract, agreement, arrangement or understanding affecting the Assets and not fully performed at the Completion Date that:

 

	 	(a)	was
    entered into outside the ordinary and usual course of the Business’s business;
	 	 	 
	 	(b)	GTG
    will be unable to terminate after the Completion Date on giving 60 days notice or less without penalty; 
	 	 	 
	 	(c)	is
    material to the operation of the Business and has not been Fairly Disclosed in writing;
	 	 	 
	 	(d)	entitles
    the other party to terminate the contract, agreement, arrangement or understanding or impose terms less favourable to the Business,
    by reason of a sale of the Assets; 
	 	 	 
	 	(e)	was
    not negotiated and entered into on arm’s length terms; 
	 	 	 
	 	(f)	is
    in the nature of a partnership, joint venture or consortium arrangement or agreement or any agreement for sharing commissions or
    other income;
	 	 	 
	 	(g)	is
    having, or is likely to have, a material adverse effect on the financial or trading position or prospects of the Business; and
	 	 	 
	 	(h)	limits
    or excludes Affinity’s right to do business and/or to compete in any area or in any field or with any person.

 

	5.2	With
    respect to each Business Contract:

 

	 	(a)	no
    party to the contract is in breach of it; 
	 	 	 
	 	(b)	there
    are no grounds for rescission, avoidance or repudiation of that Business Contract;
	 	 	 
	 	(c)	no
    party has given notice to terminate it or has sought to repudiate or disclaim it or, as far as Affinity is aware, intends to do so;
    and
	 	 	 
	 	(d)	as
    far as Affinity is aware, there are no facts or circumstances which are likely to give rise to any of the above.

 

    	28 | P a g e

     

    

 

	5.3	Except
    where Business Contracts due to their terms are required to be assigned to GTG prior to such the sale of that Asset, the sale of
    the Assets will not give rise to any contractual right of any supplier material to the Business to cease or reduce supplying the
    Business. 
	 	 
	5.4	There
    are no material discounts, rebates, allowances and other preferential terms of any nature available to the Business from its suppliers
    or offered by the Business to its customers which are material to the performance of the Business.
	 	 
	5.5	The
    Business Contracts and Intellectual Property Licences are all the contracts, agreements, arrangements and understandings material
    to the Business.

 

Warranty
6– Employees

 

	6.1	Affinity
    is in compliance with all obligations arising under law, equity or statute, award, enterprise agreement or other instrument made
    or approved under any law with respect to employment of the Employees or the engagement of any contractors by Affinity in the conduct
    of the Business.
	 	 
	6.2	The
    Data Room 5 sets out:

 

	 	(a)	a
    complete list of all Employees at the date of this agreement; and
	 	 	 
	 	(b)	materially
    accurate details of the remuneration, benefits, period of continuous service, work place location, job title or job function, notice
    period and bonus arrangements applicable to the Employees at the date of this agreement.

 

	6.3	The
    Employees:

 

	 	(a)	are
    all employed to work in the conduct of the Business; and 
	 	 	 
	 	(b)	are
    the only persons employed as employees to work in the conduct of the Business. 

 

	6.4	Other
    than the Employees and the Agents, no other person is employed or engaged to work in the conduct of the Business.
	 	 
	6.5	As
    at the Effective Date of this agreement, none of the Employees has terminated their employment or given notice of the termination
    of their employment and Affinity is not aware that any Employee intends to give notice of termination of their employment.
	 	 
	6.6	Affinity
    will not, on or after the date of this agreement but before Completion, vary (or agree to a variation of) any Employee’s terms
    and conditions of employment, including their classification, without the prior written consent of GTG.
	 	 
	6.7	There
    are no outstanding Claims, nor have there been any Claims within the 12 months preceding the date of this agreement, by or on behalf
    of any past or present employee or contractor of the Business against Affinity. 
	 	 
	6.8	Except
    as Fairly Disclosed by Affinity:

 

	 	(a)	no
    industrial awards apply to or cover the Employees;
	 	 	 
	 	(b)	Affinity
    is not a party to any enterprise agreement or collective bargaining agreement or any other instrument made or approved under any
    law in relation to any of the Employees;
	 	 	 
	 	(c)	Affinity
    is not a party to any agreement, arrangement or understanding with a union or any representative of it or industrial organisation
    in relation to any of the Employees; and
	 	 	 
	 	(d)	Affinity
    has no contracts, arrangements or understandings with contractors in connection with the Business.

 

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	6.9	There
    are no written employment agreements with any person employed in the Business except as Fairly Disclosed by Affinity. 
	 	 
	6.10	No
    notice, prosecution, prohibition, improvement notice or Claim has been received by Affinity from any Government Agency in relation
    to the employment by Affinity of the Employees.
	 	 
	6.11	Affinity
    has not given a commitment (whether legally binding or not) to increase or supplement the remuneration, annual leave (including leave
    loading), long service leave, personal leave (comprising sick or carer’s leave) or any other compensation, gratuities or benefits
    of any Employee. 
	 	 
	6.12	All
    information provided by Affinity to GTG in relation to the remuneration and other costs associated with the Employees are materially
    true and correct.
	 	 
	6.13	Except
    as required by law, all contracts of employment with Employees may be terminated by Affinity, as employer, by notice of one month
    or less.

 

Warranty
7– Litigation 

 

	7.1	Neither
    Affinity nor any person for whose acts or defaults Affinity may be vicariously liable, is engaged in any investigation, prosecution,
    litigation, arbitration, enquiry or disciplinary proceedings (whether judicial, quasi judicial or otherwise) affecting the Business
    or the Assets in any jurisdiction (Proceedings).
	 	 
	7.2	No
    Proceedings are pending or threatened in respect of which verbal or written communication has been given or received by Affinity.
	 	 
	7.3	So
    far as Affinity is aware, there are no facts or circumstances which may give rise to any Proceedings.
	 	 
	7.4	There
    are no unsatisfied or outstanding judgments, orders or awards affecting Affinity in relation to the Business.

 

Warranty
8 – Compliance with laws

 

	8.1	Affinity
    has complied in all material respects with all applicable laws (whether applicable to the conduct of the Business, the Employees,
    the use of any of the Assets) and no contravention or allegation of any contravention of any applicable law has been made against
    Affinity or any of its related bodies corporate in connection with the Business.
	 	 
	8.2	Affinity:

 

	 	(a)	holds
    and has complied with all licences, approvals, consents, rights, registrations, permits, certificates and other authorisations (Licences)
    necessary to carry on the Business and to use the Assets; 
	 	 	 
	 	(b)	has
    not done or permitted to be done anything that would cause any of the Licences to be terminated; and
	 	 	 
	 	(c)	has
    not received any notice that any Licence will be revoked, suspended, modified or will not be renewed.

 

	8.3	Affinity
    has Fairly Disclosed to GTG:

 

	 	(a)	all
    Licences; and
	 	 	 
	 	(b)	all
    conditions and notices attaching or applicable to the Licences.

 

    	30 | P a g e

     

    

 

	8.4	Affinity
    has completed and lodged all returns and statements required to be lodged by law with any Government Agency and the returns and statements
    so lodged were true and correct in every respect.
	 	 
	8.5	So
    far as Affinity is aware, there is no fact or matter which might prejudice the continuance or renewal, or result in the revocation
    or variation in any material respect, of any Licence.
	 	 
	8.6	Affinity
    has not:

 

	 	(a)	manufactured
    or sold products that:

 

	 	(i)	do
    not comply with any express or implied warranties or representations made by Affinity about the products; or
	 	 	 
	 	(ii)	do
    not comply with all applicable regulation standards and requirements;

 

	 	(b)	accepted
    any liability or obligation to service, repair, take back or replace products sold by it; or
	 	 	 
	 	(c)	received
    any Claim in connection with any defective product or services supplied by it in the conduct of the Business.

 

	8.7	Affinity
    has not committed or omitted to do any act or thing in contravention of the Competition and Consumer Act 2010 (Cth) or like
    legislation in any other state or territory of Australia.
	 	 
	8.8	Affinity
    has not, in relation to the Business, at any time been and is not a party to or concerned in any agreement, arrangement, concerted
    practice or conduct which was or is an infringement of competition law in any other jurisdiction to which Affinity has been or is
    subject.
	 	 
	8.9	Affinity
    has not, in relation to the Business, at any time received, nor as far as Affinity is aware, are there any grounds for believing
    that it may receive, any process, notice, communication or request for information in respect of any actual or proposed agreement,
    arrangement, concerted practice or conduct of Affinity in the Business from any Government Agency such as the Australian Competition
    and Consumer Commission or any other person or body involved in the investigation and/or regulation of anti–competitive agreements
    or practices in Australia or in any other jurisdiction (Competition Authority) to which Affinity has been or is subject in
    relation to the Business.
	 	 
	8.10	Affinity
    has not, in relation to the Business, been the subject of any report, decision, order, judgment or injunction made, taken or obtained
    by any Competition Authority nor has Affinity given or been the subject of any undertaking or assurances given to any Competition
    Authority in relation to the Business.

 

Warranty
9 – Privacy

 

	9.1	In
    this ‎Warranty 9:

 

Personal
Information means personal information (as defined in the Data Protection Act 2018 of England and Wales) held by Affinity.

 

Privacy
Law means:

 

	 	(a)	The
    Data Protection Act 2018 of England and Walesthe English Privacy Principles contained in the Data Protection Act 2018 of
    England and Wales or an approved privacy code (as defined in the Data Protection Act 2018 of England and Wales) that applies
    to Affinity; and
	 	 	 
	 	(b)	any
    other statute, regulation or law in Australia or elsewhere relating to the protection of Personal Information that must be observed
    by Affinity.

 

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	9.2	Affinity
    has complied with Privacy Law in relation to Personal Information. 
	 	 
	9.3	The
    performance by Affinity of this agreement and the transfer of Personal Information to GTG in connection with, or contemplated by,
    this agreement will not breach Privacy Law.
	 	 
	9.4	No
    individual has claimed, and no grounds exist for an individual to claim, compensation from Affinity for a breach of Privacy Law in
    connection with the Business.
	 	 
	9.5	No
    notice has been received by Affinity from a competent authority alleging a breach of Privacy Law in connection with the Business.

 

Warranty
10– Intellectual property

 

	10.1	In
    this ‎Warranty 10, Owned Intellectual Property means Affinity IP other than the Intellectual Property Licences.
	 	 
	10.2	Details
    of all material Intellectual Property Rights owned or used by Affinity in the Business are set out in Schedule 3
	 	 
	10.3	Affinity
    is the sole legal and beneficial owner of the Owned Intellectual Property.
	 	 
	10.4	In
    respect of each Intellectual Property Licence:

 

	 	(a)	the
    Intellectual Property Licence is valid, binding and enforceable;
	 	 	 
	 	(b)	Affinity
    is not in material breach of the Intellectual Property Licence; and
	 	 	 
	 	(c)	the
    licensor has not given notice to terminate it nor, as far as Affinity is aware, does it intend to do so.

 

	10.5	Neither
    Affinity nor any related body corporate of it has licensed, granted any rights in respect of, assigned or otherwise dealt with any
    of the Owned Intellectual Property to any person.
	 	 
	10.6	Affinity’s
    conduct of the Business has not and is not infringing the Intellectual Property Rights of any other person and no person has infringed
    or is presently infringing any of the Owned Intellectual Property.
	 	 
	10.7	Other
    than in respect of the Intellectual Property Licences, there are no royalties, licence fees or other similar fees payable by Affinity
    or any related body corporate of Affinity in connection with the use of any Intellectual Property Rights in the Business.
	 	 
	10.8	On
    and from Completion GTG will be able to do, or omit to do, any act in relation to any copyright works forming part of the Assets,
    or licensed under the Intellectual Property Licences (to the extent that the act or omission is permitted under the licence), without
    infringing the Moral Rights of the author in those works.
	 	 
	10.9	Affinity
    has the right, against its officers, employees and contractors employed in or engaged in connection with the Business, to claim ownership
    and title to all the Intellectual Property Rights generated by those persons in the course of, or in connection with, the Business.
	 	 
	10.10	The
    Due Diligence Material contains copies of all documents and terms relating to each Intellectual Property Licence.

 

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Warranty
11 – Computer systems and software

 

	11.1	All
    the computer systems used by Affinity in respect of the Business:

 

	 	(a)	are
    in full operating order and are fulfilling the purposes for which they were initially subscribed for in an efficient manner without
    material downtime or errors;
	 	 	 
	 	(b)	have
    adequate capacity for the present needs of the Business; and
	 	 	 
	 	(c)	have
    adequate security, back-ups, hardware and software support and maintenance and trained personnel to ensure so far as is reasonable:
    

 

	 	(i)	that
    breaches of security, errors and breakdowns are kept to a minimum; and
	 	 	 
	 	(ii)	that
    no material disruption will be caused to the Business or any material part of it in the event of a breach of security, error or breakdown.

 

	11.2	All
    software owned or operated by Affinity:

 

	 	(a)	performs
    efficiently in accordance with its specification and does not contain any defect or feature which may adversely affect its performance;
    and
	 	 	 
	 	(b)	is
    lawfully held and used and does not infringe the Intellectual Property Rights of any person and all copies held by Affinity or any
    related body corporate of Affinity have been lawfully made.

 

	11.3	The
    copyright in the software or source code for the software owned or operated by Affinity for the Business:

 

	 	(a)	in
    the case of software written or commissioned by Affinity, is owned exclusively by Affinity, and no other person has rights in or
    rights to use that software or source code or copies of that software or source code;
	 	 	 
	 	(b)	in
    the case of shrink–wrap, click–wrap or other standard packaged software purchased outright, is licensed to Affinity on
    an express or implied licence which does not require Affinity to make any further payments, is not terminable without the consent
    of Affinity and imposes no material restrictions on the use or transfer of the software; and
	 	 	 
	 	(c)	in
    the case of all other software, is licensed to Affinity on the terms of a valid written licence which requires payment by Affinity
    of a fixed annual licence fee at a rate not exceeding that paid in the financial year ended on the Accounts Date, and (except for
    reasonable fees for software support) requires Affinity to make no further payment, is not terminable (except for failure to pay
    the licence fee) without the consent of Affinity and imposes no material restrictions on the use or transfer of the relevant software.

 

Warranty
12 – Website

 

	12.1	No
    website owned or operated by the Business or which the Business has an interest in (Website) contains, displays or is directly
    linked to another website which contains or displays any material which:

 

	 	(a)	contains
    any statement that is misleading or deceptive or likely to mislead or deceive;
	 	 	 
	 	(b)	infringes
    the intellectual property rights of any person; or
	 	 	 
	 	(c)	breaches
    any applicable law in the country in which the Website and the services of the Business are available for use by consumers.

 

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	12.2	Each
    Website displays:

 

	 	(a)	all
    copyright notices required to be displayed by a copyright owner or at law; and
	 	 	 
	 	(b)	all
    disclaimers applicable to the Business.

 

Warranty
13 – Insurance

 

	13.1	The
    material details of all insurance policies relating to the Business in respect of which Affinity has an interest (Insurance Policies)
    have been Fairly Disclosed to GTG.
	 	 
	13.2	The
    Insurance Policies are current until Completion and all premiums have been paid prior to Completion. 

 

Warranty
14– Taxes

 

	14.1	Affinity
    has no material overdue debt or liability to any government or quasi government authority, including to any authority that is entitled
    to exact income tax or other tax on Affinity.
	 	 
	14.2	All
    stamp duty or other taxes of a similar nature:

 

	 	(a)	on
    documents which are necessary to establish the title of Affinity to the Assets;
	 	 	 
	 	(b)	payable
    in respect of any contract or transaction to which Affinity is a party in relation to the Business; or
	 	 	 
	 	(c)	payable
    by Affinity in relation to the Business,

 

have
been duly assessed and paid as required by law.

 

Warranty
15 – Information 

 

	15.1	Affinity
    has Fairly Disclosed to GTG all information relating to the Assets and the Business or otherwise relating to the subject matter of
    this agreement which is necessary for GTG to make an informed assessment of the assets, liabilities, financial position, profits,
    losses and prospects of the Business and which is material for disclosure to an intending purchaser of the Assets.
	 	 
	15.2	All
    information provided by Affinity to GTG relating to the Assets and the Business are materially true, complete and accurate and not
    misleading or deceptive.
	 	 
	15.3	All
    copies of documents provided by Affinity to GTG in relation to the Business are true copies.
	 	 
	15.4	There
    is no material information which is known to Affinity which renders any of the factual information referred to in this paragraph
    materially misleading. 
	 	 
	15.5	All
    predictions, projections, expectations, opinions and forecasts provided by or on behalf of Affinity to GTG are:

 

	 	(a)	arrived
    at in good faith after due and careful consideration;
	 	 	 
	 	(b)	bona
    fide operational documents of the Business (and as such were not prepared for the purpose of disclosure to GTG or other potential
    purchasers of the Business, unless expressly indicated otherwise on the face of the document); and
	 	 	 
	 	(c)	reasonable.

 

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Schedule
1 Assets

 

	(a)	Stock
                                            on hand as at the Completion Date:

    Sample
    collection kits

    Swabs

    Stationery
    & office supplies

	 	 
	(b)	Leases,
                                            plant and equipment (need new Co details to transfer):

    Temple
    Knight printer lease

    Office
    lease

    LanGuard
    alarm maintenance contract

    BT
    broadband

    Regus
    virtual office (Milan)

    Tel2
    phone numbers:

 

44
[***] (Affinity UK & EU)

44
[***] (UK office)

1
(915) [***] (Affinity USA)

44
[***] (Endeavor UK)

 

TollFreeForwarding
phone number:

 

0800
[***] (Italy)

 

Royal
Mail daily collection agreement

3
desks (1 is a double)

3
Herman Miller desk chairs

3
ThinkPad laptops

3
Viewsonic monitors

2
tables

3
drawer pedestal units

3
tambour storage units

1
storage cupboard

2
shelving units

1 kitchen workstation

1
Lec fridge

1
Panasonic microwave

1
Nespresso coffee machine

1
kettle & various kitchen equipment

 

	(c)	Goodwill
	 	 
	(d)	business
                                            names used by the Business:

    AffinityDNA

	 	 
	(e)	Business
    Contracts:
	 	See
    Schedule 2
	 	 
	(f)	Affinity
    IP: 
	 	AffinityDNA
    logo trademark (to be transferred by GTG)

 

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Domain
names (expiry date):

 

	 	affinitydna.be	30/10/2022
	 	affinitydna.co.uk	19/08/2024
	 	affinity-dna.com	19/08/2023
	 	affinitydna.de	21/01/2023
	 	affinitydna.es	21/01/2023
	 	affinitydna.eu	10/07/2022
	 	affinitydna.fr	26/06/2023
	 	affinitydna.ie	01/03/2023
	 	affinitydna.it	28/03/2023
	 	affinitydna.net	19/08/2023
	 	affinitydna.nl	21/01/2023
	 	affinitydna.uk	03/06/2023
	 	ssl
    certificate	27/02/2023

 

	(g)	Records:
    
	 	Digital
    copies provided in Data Room

 

	(h)	Systems:
    
	 	We
    use GTG’s ATP

 

Schedule
2 Business Contracts

 

Laboratories:

 

AllianceDNA

DDC

DNA
My Dog

Endeavor
DNA Laboratories

GenePlanet

Genorama

UK
Food Intolerance (Salutem Partners)

Wisdom
Health

 

Agents:

 

[***],
Morocco

[***],
UK

[***],
UK

[***],
USA & Honduras

Leeds
Canine Fertility Clinic

Lucky
Pet Limited, Hong Kong

Medical
Genomics, Ukraine

 

Schedule
3 Intellectual Property Licences

 

(A);
Affinity IP

 

(B)
See Schedule 1 (f)

 

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EXECUTED
as an agreement.

 

	GENETIC
    TECHNOLOGIES LIMITED	 	AFFINITY
    DNA LIMITED
	 	 	 	 	 
	By:	/s/
    Simon Morriss	 	By:	/s/
    Mrs [***]
	 	                     	 	 	 
	Name:	Simon
    Morriss	 	Name:	Mrs
    [***]
	 	 	 	 	 
	Title:	CEO	 	Title:	Director
	 	 	 	 	 
	Binary
    Media Limited	 	Mr
    [***]
	 	 	 	 	 
	By:	/s/
    Mrs [***]	 		 
	 	 	 	 	 
	Name:	Mrs
    [***]	 	Sgd:	/s/
    Mr [***]
	 	 	 	 	 
	Title:	Director	 	 	 
	 	 	 	 	 
	 	 	 	Mrs
    [***]
	 	 	 	 	 
	 	 	 	Sgd:	/s/
    Mrs [***]

 

By
signing above, each signatory consents to electronic execution of this document (in whole or in part), represents that they hold the
positions or are the persons named with respect to their execution and authorises any other director or secretary (as applicable) to
produce a copy of this document bearing his or her signature for the purpose of signing the copy to complete its execution. The copy
of the signatures appearing on the copies so executed are to be treated as his or her original signature.

 

    	37 | P a g e

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