Ellex Medical Lasers Limited
                Company  
                Constitution
                Ellex Medical Lasers Limited
                ACN 007 702 927 
        COMPANY CONSTITUTION AMENDED AUG 2018                      I       
            Ellex Medical Lasers Limited
            Table of Contents
            A.    Shares and variation of rights                                                   1
                  Nature of Company                                                                1
                  Issue of shares                                                                  1
                  Number of shareholders                                                           1
                  Price on issue                                                                   1
                  Issue of classes of shares                                                       1
                  Non-variation of rights                                                          1
                  Variation of rights                                                              1
                  Redeemable preference shares                                                     2
                  Holder’s right to participate in profits and property                            2
                  Holder’s other rights                                                            2
                  Redemption of redeemable preference shares                                       2
            B.    Brokerage and commission                                                         3
                  Power to pay brokerage and commission                                            3
            C.    Shares held on trust or jointly                                                  4
                  Registered holders treated as absolute owners                                    4
                  Non-recognition of other interests                                               4
                  Joint holders                                                                    4
            D.    Certificates                                                                     5
                  Entitlement to certificates                                                      5
                  Delivery to joint holders                                                        5
            E.    Lien                                                                             6
                  Lien on unpaid capital                                                           6
                  Lien on other money owing                                                        6
            COMPANY CONSTITUTION AMENDED AUG 2018                                                   I I       
              Ellex Medical Lasers Limited
              Table of Contents
                     Lien to apply to dividends                                                                          6
                     Uncertificated Shares                                                                               6
                     Company’s right of sale                                                                             6
                     Restrictions on sale                                                                                6
                     Effect of sale of shares over which company has lien                                                7
                     Proceeds of sale                                                                                    7
              F.     Calls on shares                                                                                    8
                     Payments due on fixed dates                                                                         8
                     Calls 8
                     Notification of call                                                                                8
                     Revocation of call                                                                                  8
                     Deemed time of call                                                                                 8
                     Liability of joint holders                                                                          8
                     Interest on outstanding sums                                                                        8
                     Differentiation between holders                                                                     9
                     Pre-payment of calls                                                                                9
                     Suspension of privileges                                                                            9
              G.     Alteration of capital                                                                             10
                     Power 10
                     Reduction of capital                                                                               10
              H.     Transfer of shares                                                                                11
                     Form of transfer                                                                                   11
                     Execution of instruments of transfer                                                               11
                     Refusal to register                                                                                11
                     No transfer to an infant                                                                           12
                     Notice of Refusal                                                                                  12
              COMPANY CONSTITUTION AMENDED AUG 2018                                                                     III       
                 Ellex Medical Lasers Limited
                 Table of Contents
                          Certificate to be given up on transfer                                                                               12
                          When transfer books and register may be closed                                                                       12
                 I.       Transmission of shares                                                                                              13
                          Recognised interests                                                                                                 13
                          Transmission 13
                          Personal representatives and joint holders                                                                           13
                 J.       Forfeiture of shares                                                                                                14
                          Procedure for forfeiture                                                                                             14
                          Application to dividends                                                                                             14
                          Rights of sale                                                                                                       14
                          Cessation as a member                                                                                                14
                          Evidence of forfeiture                                                                                               15
                          Manner of forfeiture                                                                                                 15
                          Residue on sale                                                                                                      15
                          Certificates 15
                          Application to further calls                                                                                         15
                 K.       Annual General Meetings                                                                                             16
                          Nature of business                                                                                                   16
                 L.       General meetings                                                                                                    17
                          Power to convene                                                                                                     17
                          Power to postpone                                                                                                    17
                          Notice 17
                          Notice period and content                                                                                            17
                          Circular resolution                                                                                                  17
                          Omissions 17
                 COMPANY CONSTITUTION AMENDED AUG 2018                                                                                          I V