Document:

EX-10.14

Exhibit 10.14

EMPLOYMENT AGREEMENT

This employment agreement is made and entered into as of this 10th day of November, 2009, by and
between Unilife Medical Solutions, Inc. (“Unilife”) and Eugene Shortall (“Shortall”) The term
“Unilife” shall include its subsidiaries, affiliates, assigns and successors in interest under
Sections 7, 8, and 14.

WHEREAS, Unilife wishes to continue to employ Shortall as Senior Vice President, RTFS, and Shortall
wishes to enter into this agreement to formalize his previous employment arrangements; and

WHEREAS, Unilife is engaged in the business of designing, developing, manufacturing and supplying
innovative healthcare safety products for medical device and pharmaceutical industries; and

WHEREAS, Shortall will develop valuable relationships by virtue of his employment with Unilife, and
Shortall will have access to valuable confidential and proprietary information and trade secrets
belonging to Unilife; and

WHEREAS, Unilife and Shortall desire to set forth the terms of their employment relationship in
this agreement.

NOW, THEREFORE, in consideration of the promises and covenants set forth herein, and intending to
be legally bound hereby, the parties agree as follows:

1. Term. This agreement shall be effective upon the mutual execution of this agreement
and is for an initial multi-year term commencing on the effective date and expiring on December 31,
2012. This agreement will automatically renew for one-year periods annually thereafter, unless
either party gives the other party thirty (30) days written notice in advance of the relevant
expiration date of its intention not to renew the agreement. Upon expiration or earlier
termination of this employment relationship, the parties will be relieved of their duties and
obligations under this agreement, except that the rights and obligations set forth in Sections 7
and 8 below shall remain in full force and effect and shall survive the expiration or termination
of this agreement, regardless of the reason(s) for termination.

2. Position and Duties. Unilife has employed Shortall as Senior Vice President, RTFS, and
Shortall agrees to serve in such capacity for Unilife on the terms and conditions hereafter set
forth, until such time as Unilife may change Shortall’s responsibilities, as the needs of the
organization change from time to time. Shortall shall report to the Chief Executive Officer, with
respect to the performance of these duties. In the performance of these duties, Shortall shall
devote his knowledge, skill, attention, energies and all of his business time, and shall comply
with all of Unilife’s policies, rules, and procedures, as they may be amended from time to time.
Shortall shall not engage in any endeavor that would conflict with the rendition of his services to
Unilife, either directly or indirectly, without the prior written consent of Unilife.

 

 

 

3. Compensation. Shortall shall be paid an annual base salary of Two Hundred Forty
Thousand Dollars ($240,000), subject to the customary payroll deductions and withholdings, and
payable in accordance with Unilife’s standard payroll practices. In addition, Shortall shall be
eligible to participate in Unilife’s Incentive Bonus Plan in amounts and percentages as determined
by Unilife’s Board of Directors. For the calendar year ending December 31, 2009, the potential
cash bonus amount will be fifty percent (50%) of base salary. This bonus is discretionary and
subject to achievement of such goals and objectives as the Chief Executive Officer, in his sole
discretion, determines in a set of Key Performance Indicators. Any bonus payable for all or part
of a calendar year shall be paid in a lump-sum payment for each relevant performance period but in
all events by no later than March 15 of the following calendar year. This bonus will be paid
quarterly based on the accomplishment of key milestones for the RTFS project. Shortall’s salary
and any bonuses will be subject to the customary withholding and employment taxes as required by
law with respect to compensation paid by an employer to an employee. Salary increases and annual
bonus levels will be determined by the Chief Executive Officer and Unilife’s Board of Directors
based upon Shortall’s and Unilife’s performance.

4. Benefits. Shortall shall be eligible to participate in Unilife’s benefits programs
(including any equity incentive plan of Unilife or its affiliates), as they may change from time to
time. The benefits provided to Shortall will be the same as the benefits provided to other
similarly situated Unilife employees, and may be changed upon expiration or other termination of
the current benefits contracts. For further information, Shortall should review any applicable
benefit plan documents, which will govern the terms of the benefits. Shortall shall also receive
four (4) weeks of paid vacation per year with no carry-over for unused vacation days or payment in
lieu thereof, except as allowed by Unilife standard employment policies.

5. Indemnification. Unilife agrees to provide Shortall with indemnification equivalent to
that provided to other senior management and pursuant to Unilife’s Directors and Officers insurance
policies, as amended from time to time.

6. Termination. In the event that Unilife terminates this agreement and Shortall’s
employment without Cause as defined herein, including employment termination due to Unilife’s
election not to renew this agreement where Shortall was willing and able to continue performing
services under the terms of this agreement, Unilife will pay Shortall his base salary, at the rate
in effect immediately before the date that Shortall’s employment terminates, for six (6) months,
commencing within 45 days after the date that Shortall’s employment terminates, in accordance with
Unilife’s standard payroll practices then in effect and will pay the cost of Shortall’s COBRA
health care continuation coverage for six (6) months. In the event that Shortall terminates this
agreement for any reason, including Shortall’s election not to renew the agreement, Shortall shall
not receive any compensation or benefits from the time that he ceases to devote full time and
attention to Unilife’s business, and, if Shortall terminates this agreement prior to the expiration
of the initial term Shortall shall repay Unilife an amount
equal to the cost of relocation to Pennsylvania. This provision may be waived by the Chief
Executive Officer in his sole discretion. Nevertheless, Unilife shall pay the cost of returning
Shortall and his family to Kuwait as provided below. In addition, Shortall agrees to provide
Unilife with thirty (30) days advance written notice of his intent to terminate his employment,
whether during the initial term or any renewal thereof. Upon termination of this agreement, the
parties will be relieved of their duties and obligations, except that the rights and obligations
set forth in Sections 7 and 8 shall remain in full force and effect and shall survive the
expiration and termination of this agreement, regardless of the reasons for termination or
expiration. Upon termination of this agreement, Shortall shall not have any further contact with
any customers of Unilife.

 

Page 2 of 12

 

7. Confidential Information.

(a) Shortall acknowledges that Unilife has a valuable property interest in all aspects of its
business relationships with its customers, clients, vendors and suppliers. In the course of
Shortall’s work with Unilife, Shortall has become aware of and familiar with secret and
confidential information of Unilife relating to its customers, clients, vendors and suppliers, and
its internal business operations. Secret and confidential information includes, but is not limited
to, Unilife’s business plans, customer lists, customer data, marketing plans, supplier and vendor
lists and cost information, software and computer programs, data processing systems and information
contained therein, financial statements, financial data, acquisition and divestiture plans, and any
other trade secrets or confidential or proprietary information, documents, reports, plans, or data,
of or about Unilife that is not already available to the public.

(b) Shortall agrees that he will not, without the written consent of Unilife, during the term
of this agreement or thereafter, disclose or make any use of secret and confidential information,
except as may be required in the performance of his duties under Section 2 of this agreement.
Shortall agrees that, following the termination of his employment with Unilife for any reason, he
will not ever disclose any secret and confidential information to any other business or individual,
and he will never use secret and confidential information to compete with Unilife in any manner.

(c) Upon termination of this agreement, Shortall shall surrender to Unilife all records and
all paper and/or electronic copies made of those records that pertain to any aspect of the business
of Unilife, including all secret and confidential information.

8. Agreement Not To Compete.

(a) In consideration for continued employment by Unilife and the benefits of this agreement,
Shortall agrees to be bound by the covenant not to compete as set forth in Section 8 of this
agreement below.

(b) Shortall agrees that during the term of this agreement and for a period of two (2) years
following the termination of this agreement for any reason, he will not, directly or indirectly:

(i) render services to, become employed by, be engaged as a consultant by, own, or
have a financial or other interest in (either as an individual, partner, joint venture,
owner, manager, employee, partner, officer, director, independent contractor, or other
similar role) any business that is engaged in any business activity that is in competition
with the activities of Unilife.

 

Page 3 of 12

 

(ii) induce, offer, assist, encourage, or suggest that another business or enterprise
offer employment to or enter into a consulting arrangement with any individual who is
employed by Unilife, or induce, offer, assist, encourage, or suggest that any Unilife
employee terminate her or her employment with Unilife, or accept employment with any other
business or enterprise.

(c) In the event that Shortall commits any breach of Section 8(b) above, Shortall acknowledges
that Unilife would suffer substantial and irreparable harm and damages. Accordingly, Shortall
hereby agrees that in such event, Unilife shall be entitled to temporary and/or permanent
injunctive relief, without the necessity of proving damage, to enforce the provisions of this
Section, all without prejudice to any and all other remedies that Unilife may have at law or in
equity and that Unilife may elect or invoke. Shortall agrees that if any of the provisions of this
Section are or become unenforceable, the remainder hereof shall nevertheless remain binding upon
him to the fullest extent possible, taking into consideration the purposes and spirit of this
agreement. Any invalid or unenforceable provision is to be reformed to the maximum time,
geographic and/or business limitations permitted by applicable laws, so as to be valid and
enforceable.

(d) Shortall expressly acknowledges and agrees that the restrictive covenants set forth in
Sections 7 and 8 above are absolutely necessary to protect the legitimate business interests of
Unilife, because he is employed in a position of trust and confidence and is provided with
extensive access to Unilife’s most confidential and proprietary trade secrets, and has significant
involvement in important business relationships, which constitute the goodwill of Unilife.
Shortall further agrees and acknowledges that these restrictive covenants are reasonable, will not
restrict him from earning a livelihood following the termination of employment, and are intended by
the parties to be enforceable following termination of employment for any reason.

(e) In the event that Unilife must bring legal action to enforce or seek a remedy for any
breach of the provisions of Sections 7 or 8 of this agreement and Shortall is found by a court to
have breached any of these provisions, Shortall agrees to reimburse Unilife for any and all
expenses, including attorneys’ fees and court costs, incurred by it in enforcing the terms of these
Sections of the agreement.

 

Page 4 of 12

 

9. Relocation Benefits. In recognition that Shortall will relocate himself and his
dependents to Pennsylvania from France and Kuwait, Unilife shall reimburse Shortall for:

(a) all reasonable relocation expenses incurred by Shortall and his dependents, including
moving expenses (other than home decorating expenses, differences in mortgage rates, differences in
costs of comparable housing, etc.), and closing costs and fees, including up to 1.5 mortgage
points;

(b) all costs associated with obtaining travel to Pennsylvania and employment visas for
Shortall and his dependents; and

(c) the purchase of airline tickets for Shortall and his dependents to return to Kuwait at the
termination of employment, as well as reasonable relocation expenses, as determined in accordance
with Unilife’s standard relocation policy then in effect, incurred to relocate Shortall back to
Kuwait at the termination of his employment in the United States with Unilife, provided that such
return trip and relocation occurs within 12 months after Shortall’s termination of employment.

10. Extraordinary Terminations.

(a) In the event Unilife terminates this agreement and Shortall’s employment prior to the
expiration of the initial term or any written extension thereof, other than for Cause as defined
herein, Shortall will receive severance compensation as provided in Section 6 above. In the event
that Shortall’s employment is terminated by Unilife and, as applicable, its successor coincident
with or following a Change in Control as defined herein of Unilife, then, in lieu of and not in
duplication of the severance compensation provided for in Section 6 above, Shortall shall receive
(a) severance in the form of continued payment of his base salary, at the rate in effect
immediately before the date that Shortall’s employment terminates, for eighteen (18) months,
commencing within 45 days after the date that Shortall’s employment terminates, in accordance with
Unilife’s or its successor’s standard payroll practices then in effect, (b) payment of the cost of
Shortall’s COBRA health care continuation coverage for eighteen (18) months, (c) payment of an
amount equal to the amount of the bonus, if any, earned by and paid to Shortall for the last
completed fiscal year prior to the year in which his employment terminates, and (d) all of his
outstanding options and other stock-based awards shall vest immediately upon such termination of
employment. Except for severance paid pursuant to a Change in Control, if Shortall is re-employed
by another employer at any time during the severance period, all further severance payments shall
immediately cease.

 

Page 5 of 12

 

(b) “Cause” will mean any one or more of the following: (i) neglect of assigned duties,
willful misconduct in connection with the performance of duties, or refusal to perform assigned
duties (other than by reason of disability) which continues uncured for thirty (30) days following
receipt of written notice of such deficiency from the Chief Executive Officer, specifying the scope
and nature of the deficiency; (ii) an act of
dishonesty; (iii) engaging in illegal conduct; (iv) committing a crime relating to an act of
dishonesty or fraud; (v) engaging in any act of moral turpitude that causes material harm to
Unilife or its reputation; (vi) breaching, in any material respect, the terms of any agreement with
Unilife; or (vii) commencement of employment with any other employer while an employee of Unilife
without the prior written consent of the Chief Executive Officer. Any determination of “Cause” as
used herein will be made in good faith by the Chief Executive Officer.

(c) “Change in Control” means: a (i) Change in Ownership of Unilife Corporation, the ultimate
parent company of Unilife, (ii) Change in Effective Control of Unilife Corporation, or (iii) Change
in the Ownership of Assets of Unilife Corporation, all as described herein and construed in
accordance with section 409A of the Internal Revenue Code of 1986, as amended (the “Code”);
provided, however, that a Change in Control shall not include the re-domiciliation of Unilife
Medical Solutions Limited and its subsidiaries into the United States pursuant to certain schemes
of arrangement as set forth in the Merger Implementation Agreement dated as of September 1, 2009
between Unilife Medical Solutions Limited and Unilife Corporation (the “Redomiciliation”).

(i) A Change in Ownership of Unilife Corporation shall occur on the date that
any one Person acquires, or Persons Acting as a Group (or Group) acquire, ownership
of the capital stock of Unilife Corporation that, together with the stock held by
such Person or Group, constitutes more than 50% of the total fair market value or
total voting power of the capital stock of Unilife Corporation. However, if any one
Person is, or Persons Acting as a Group are, considered to own more than 50% of the
total fair market value or total voting power of the capital stock of Unilife
Corporation, the acquisition of additional stock by the same Person or Persons
Acting as a Group is not considered to cause a Change in Ownership of Unilife
Corporation or to cause a Change in Effective Control of Unilife Corporation. An
increase in the percentage of capital stock owned by any one Person, or Persons
Acting as a Group, as a result of a transaction in which Unilife Corporation
acquires its stock in exchange for property will be treated as an acquisition of
stock.

(ii) A Change in Effective Control of Unilife Corporation shall occur on the
date a majority of members of the Board of Directors of Unilife Corporation is
replaced during any 12-month period by directors whose appointment or election is
not endorsed by a majority of the members of the Board of Directors of Unilife
Corporation before the date of the appointment or election.

(iii) A Change in the Ownership of Assets of Unilife Corporation shall occur on
the date that any one Person acquires, or Persons Acting as a Group acquire (or has
or have acquired during the 12-month period ending on the date of the most recent
acquisition by such Person or Persons), assets from Unilife Corporation the total
gross fair market value
of which is more than 50% of the total gross fair market value of all of the
assets of Unilife Corporation immediately before such acquisition or acquisitions.
For this purpose, gross fair market value means the value of the assets of Unilife
Corporation, or the value of the assets being disposed of, determined without regard
to any liabilities associated with such assets.

 

Page 6 of 12

 

The following rules of construction apply in interpreting the definition of Change
in Control:

(A) A Person means any individual, entity or group within the meaning of
Section 13(d)(3) or 14(d)(2) of the Securities Exchange Act of 1934, as amended,
other than employee benefit plans sponsored or maintained by Unilife Corporation and
by entities controlled by Unilife Corporation or an underwriter of the capital stock
of Unilife Corporation in a registered public offering.

(B) Persons will be considered to be Persons Acting as a Group if they are
owners of a corporation that enters into a merger, consolidation, purchase or
acquisition of stock, or similar business transaction with the corporation. If a
Person owns stock in both corporations that enter into a merger, consolidation,
purchase or acquisition of stock, or similar transaction, such shareholder is
considered to be acting as a Group with other shareholders only with respect to the
ownership in that corporation before the transaction giving rise to the change and
not with respect to the ownership interest in the other corporation. Persons will
not be considered to be acting as a Group solely because they purchase assets of the
same corporation at the same time or purchase or own stock of the same corporation
at the same time, or as a result of the same public offering.

(C) For purposes of this Section 10, fair market value shall be determined by
the Board of Directors.

(D) A Change in Control shall not include a transfer to a related person as
described in Code section 409A or a public offering of capital stock of Unilife
Corporation.

(E) For purposes of this Section 10, Code section 318(a) applies to determine
stock ownership. Stock underlying a vested option is considered owned by the
individual who holds the vested option (and the stock underlying an unvested option
is not considered owned by the individual who holds the unvested option). For
purposes of the preceding sentence, however, if a vested option is exercisable for
stock that is not substantially vested (as defined by Treasury Regulation §1.83-3(b)
and (j)), the stock underlying the option is not treated as owned by the individual
who holds the option.

 

Page 7 of 12

 

11. General Release. As a condition of receiving the severance compensation and benefits
described in Section 6 or Section 10, Shortall will be required to execute a general release of
claims against Unilife and its officers, directors, agents and shareholders. Such general release
would not include rights to previously vested options or claims for any compensation earned
(including, without limitation, accrued vacation), or reimbursement of expenses incurred, through
the date of termination. Severance compensation will be paid in accordance with normal payroll
procedures, so long as the general release becomes irrevocable before the payments are due or
scheduled to begin.

12. Dispute Resolution. Any controversy, claim or dispute involving the parties (or their
affiliated persons) directly or indirectly concerning this agreement shall be finally settled by
binding arbitration held in Harrisburg, Pennsylvania by one arbitrator in accordance with the rules
of employment arbitration then followed by the American Arbitration Association or any successor to
the functions thereof. The arbitrator shall apply Pennsylvania law in the resolution of all
controversies, claims and disputes and shall have the right and authority to determine how his or
her decision or determination as to each issue or matter in dispute may be implemented or enforced.
Any decision or award of the arbitrator shall be final and conclusive for both Shortall and Unilife
(and its affiliates), and there shall be no appeal there from other than causes of appeal allowed
by the Federal Arbitration Act. Unilife shall bear all costs of the arbitrator in any action
brought under this agreement. The arbitrator shall have the power to award attorney’s fees and
arbitration costs to the prevailing party, if the award of attorney’s fees and litigation costs
would be permitted by a court. The parties hereto agree that any action to compel arbitration may
be brought in the appropriate Pennsylvania state or federal court, and in connection with such
action to compel, the laws of the Commonwealth of Pennsylvania and the Federal Arbitration Act
shall control. Application may also be made to such court for confirmation of any decision or
award of the arbitrator, for an order of the enforcement and for any other remedies, which may be
necessary to effectuate such decision or award. The parties hereto hereby consent to the
jurisdiction of the arbitrator and of such court and waive any objection to the jurisdiction of
such arbitrator and court.

13. Non-waiver. A waiver of any provision of this agreement by either party shall not
prevent either party from enforcing that provision or any other provision hereof.

14. Assignment. This agreement is personal and may not be assigned by Shortall. Any
assignment of this agreement between Unilife (or its successor) and its affiliates (and their
successors) shall not constitute a termination of Shortall’s employment hereunder. This agreement
(including the Restrictive Covenants set forth in Sections 7 and 8) shall inure to the benefit of
and be binding upon any successor to Unilife. The parties specifically understand and agree that
the non-compete provisions of Section 8 will inure to the benefit of a successor and that Shortall
will remain bound by these provisions in the event of a sale or corporate reorganization of
Unilife.

 

Page 8 of 12

 

15. Severability. Each provision of this agreement is severable and distinct from, and
independent of, every other provision hereof. If one provision hereof is declared void, the
remaining provisions shall remain in effect. Any provision of this agreement which is prohibited
or unenforceable in any jurisdiction shall, as to such jurisdiction, be ineffective only to the
extent of such prohibition or unenforceability without invalidating or affecting 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.

16. Entire Agreement. This agreement contains the entire agreement of the parties
concerning the employment relationship and supersedes any prior agreements or understandings
between the parties concerning the terms and conditions of Shortall’s employment, whether oral or
written; provided however, that any stock options or other stock-based awards provided to Shortall
shall be governed by Unilife’s stock incentive plans as they are amended from time to time, except
as provided herein. The parties acknowledge, in entering into this agreement that they have not
relied upon any promise or inducement not specifically set forth herein. Any changes to this
agreement must be in writing and signed by both parties.

17. Tax Advice. Unilife agrees to provide Shortall with international tax advice and
assistance in completing Kuwaiti, French and USA tax returns.

18. Immigration. In order to comply with the Immigration Reform and Control Act of 1986,
it will be necessary for Shortall to provide documentation verifying his identity and employment
eligibility. Should Shortall require Unilife’s sponsorship for an employment-based visa,
Shortall’s employment and start date with Unilife in the U.S. are contingent upon Shortall
obtaining the requisite permission to work in the U.S. and Shortall’s availability to work in the
U.S. consistent with Unilife’s business needs. Unilife will bear the cost of obtaining these work
authorizations as provided above. Until such time as these U.S. work authorizations are obtained,
Shortall will be employed by Unilife in France.

19. Section 409A.

(a) This agreement is intended to comply with, or otherwise be exempt from, Code section 409A
and any regulations and Treasury guidance promulgated thereunder.

(b) Unilife shall undertake to administer, interpret, and construe this agreement in a manner
that does not result in the imposition on Shortall of any additional tax, penalty, or interest
under Code section 409A.

(c) Unilife and Shortall agree that they will execute any and all amendments to this agreement
permitted under applicable law as they mutually agree in good faith may be necessary to ensure
compliance with the distribution provisions of Code
section 409A or as otherwise needed to ensure that this agreement complies with that section.

 

Page 9 of 12

 

(d) The preceding provisions, however, shall not be construed as a guarantee by Unilife of any
particular tax effect to Shortall under this agreement. Unilife shall not be liable to Shortall
for any payment made under this agreement that is determined to result in an additional tax,
penalty, or interest under Code section 409A, nor for reporting in good faith any payment made
under this agreement as an amount includible in gross income under that section.

(e) For purposes of Code section 409A, the right to a series of installment payments under
this agreement shall be treated as a right to a series of separate payments.

(f) With respect to any reimbursement of expenses of, or any provision of in-kind benefits to,
Shortall, as specified under this agreement, such reimbursement of expenses or provision of in-kind
benefits shall be subject to the following conditions: (i) the expenses eligible for reimbursement
or the amount of in-kind benefits provided in one taxable year shall not affect the expenses
eligible for reimbursement or the amount of in-kind benefits provided in any other taxable year,
except for any medical reimbursement arrangement providing for the reimbursement of expenses
referred to in Code section 105(b); (ii) the reimbursement of an eligible expense shall be made no
later than the end of the year after the year in which such expense was incurred; and (iii) the
right to reimbursement or in-kind benefits shall not be subject to liquidation or exchange for
another benefit. Any tax gross-up payment shall be made by no later than the end of the calendar
year following the year in which Shortall remits the taxes.

(g) “Termination of employment,” “resignation,” or words of similar import, as used in this
agreement means, for purposes of any payments under this agreement that are payments of deferred
compensation subject to Code section 409A, Shortall’s “separation from service” as defined in that
section.

(h) If a payment obligation under this agreement arises on account of Shortall’s separation
from service while Shortall is a “specified employee” (as defined under Code section 409A and
determined in good faith by the Unilife), any payment of “deferred compensation” (as defined under
Treasury regulation section 1.409A-1(b)(1), after giving effect to the exemptions in Treasury
regulation sections 1.409A-1(b)(3) through (b)(12)) that is scheduled to be paid within six (6)
months after such separation from service shall accrue without interest and shall be paid within 15
days after the end of the six-month period beginning on the date of such separation from service
or, if earlier, within 15 days after the appointment of the personal representative or executor of
Shortall’s estate following his death.

 

Page 10 of 12

 

20. Excise Tax on Parachute Payments. Shortall shall bear all expense of, and be solely
responsible for, all federal, state, local or foreign taxes due with respect to any payment
received hereunder, including, without limitation, any excise tax imposed by
Code section 4999; provided, however, that any payment or benefit received or to be received by
Shortall in connection with a Change in Control or the termination of Shortall’s employment
(whether payable pursuant to the terms of this Agreement (“Contract Payments”) or any other plan,
arrangements or agreement with Unilife or any affiliate (collectively with the Contract Payments,
the “Total Payments”) shall be reduced to the extent necessary so that no portion thereof shall be
subject to the excise tax imposed by Code section 4999 but only if, by reason of such reduction,
the net after-tax benefit received by Shortall shall exceed the net after-tax benefit that would be
received by Shortall if no such reduction was made.

For purposes of this Section 20, “net after-tax benefit” shall mean (i) the total of all
payments and the value of all benefits which Shortall receives or is then entitled to receive from
Unilife that would constitute “excess parachute payments” within the meaning of Code section 280G,
less (ii) the amount of all federal, state, local and foreign income taxes payable with respect to
the foregoing calculated at the maximum marginal income tax rate for each year in which the
foregoing shall be paid to Shortall (based on the rate in effect for such year as set forth in the
Code or other applicable tax law as in effect at the time of the first payment of the foregoing),
less (iii) the amount of excise taxes imposed with respect to the payments and benefits described
in (i) above by Code section 4999.

The foregoing determination shall be made by a nationally recognized accounting firm (the
“Accounting Firm”) selected by Unilife and reasonably acceptable to Shortall (which may be, but
will not be required to be, Unilife’s independent auditors). The Accounting Firm shall submit its
determination and detailed supporting calculations to both Shortall and Unilife within fifteen (15)
days after receipt of a notice from either Unilife or Shortall that Shortall may receive payments
which may be “parachute payments.” If the Accounting Firm determines that a reduction is required
by this Section 20, the Contract Payments consisting of cash severance shall be reduced to the
extent necessary so that no portion of the Total Payments shall be subject to the excise tax
imposed by Code section 4999, and Unilife shall pay such reduced amount to Shortall in accordance
with the terms of this agreement. If the Accounting Firm determines that none of the Total
Payments, after taking into account any reduction required by this Section 20, constitutes a
“parachute payment” within the meaning of Code section 280G, it will, at the same time as it makes
such determination, furnish Shortall and Unilife an opinion that Shortall has substantial authority
not to report any excise tax under Code section 4999 on his federal income tax return.

Shortall and Unilife shall each provide the Accounting Firm access to and copies of any books,
records, and documents in the possession of Shortall or Unilife, as the case may be, reasonably
requested by the Accounting Firm, and otherwise cooperate with the Accounting Firm in connection
with the preparation and issuance of the determinations and calculations contemplated by this
Section 20. The fees and expenses of the Accounting Firm for its services in connection with the
determinations and calculations contemplated by this Section 20 shall be borne by Unilife.

 

Page 11 of 12

 

21. Counterparts. This agreement may be executed on separate counterparts, each of which
is deemed to be an original and all of which taken together constitute one and the same agreement.

22. Interpretation. The captions and headings of this agreement are not part of the
provisions hereof and shall have no force or effect.

23. Notices. Any notices, requests, demands and other communications provided for by this
agreement shall be sufficient if in writing and if hand delivered, sent by overnight courier, or
sent by registered or certified mail to Shortall at the last address he has filed in writing with
Unilife or, in the case of Unilife, to Unilife’s secretary at Unilife’s principal executive
offices.

24. Governing Law. The terms of this agreement shall be governed by and construed in
accordance with the laws of the Commonwealth of Pennsylvania without giving effect to provisions
thereof regarding conflict of laws.

IN WITNESS WHEREOF, and wishing to be legally bound, the parties have executed this agreement
as of the date first above written.

	 	 	 	 	 	 	 	 	 	 	 
	UNILIFE MEDICAL
SOLUTIONS, INC.:	 	 	 	Eugene Shortall:	 	 
	 
	 	 	 	 	 	 	 	 	 	 
	By:
	 	/s/ Alan Shortall	 	 	 	/s/ Eugene Shortall	 	 
	 	 	 	 	 	 	 	 	 
	 

	 	Name:
	 	Alan Shortall	 	 	 	 	 	 
	 

	 	Title:
	 	Chief Executive Officer	 	 	 	 	 	 

 

Page 12 of 12exv10w15

Exhibit 10.15

	 	 	 
	

	 	201 Elizabeth Street
	 	Sydney NSW 2000
	 	Australia
	 	DX 107 Sydney
	 	Tel +61 2 9286 8000
	 

	 	Fax +61 2 9283 4144

www.dlaphillipsfox.com

	 	 	 	 	 
	 

	 	22 January 2009

Consultancy Agreement
	 	 
	 

	 	Unilife Medical Solutions Limited	 	 
	 

	 	Joblak Pty Ltd	 	 

	 	 	 
	 

	 	DLA Phillips Fox is a member of
	 

	 	DLA Piper Group, an alliance of
	 

	 	independent legal practices. It is a
	 

	 	separate and distinct legal entity.
	 
	 	 
	 

	 	DLA Phillips Fox offices are located
	 

	 	in Adelaide Auckland Brisbane
	 

	 	Canberra Melbourne Perth Sydney
	 

	 	and Wellington.

 

 

 

Table of contents

	 	 	 	 	 
	Parties
	 	 	1	 
	 
	 	 	 	 
	Background
	 	 	1	 
	 
	 	 	 	 
	Operative provisions
	 	 	1	 
	 
	 	 	 	 
	1 Services
	 	 	1	 
	Services
	 	 	1	 
	Commencement date
	 	 	1	 
	Consultant’s nominated representative
	 	 	1	 
	Warranty
	 	 	1	 
	Acknowledgement by Representative
	 	 	2	 
	 
	 	 	 	 
	2 Duties of the Consultant
	 	 	2	 
	General duties
	 	 	2	 
	Information and instructions
	 	 	2	 
	Time devoted
	 	 	2	 
	Consultant to maintain necessary insurance
	 	 	2	 
	Non exclusivity
	 	 	2	 
	Non compete
	 	 	3	 
	 
	 	 	 	 
	3 Fee
	 	 	3	 
	Amount of Fee
	 	 	3	 
	Superannuation
	 	 	3	 
	Method of Payment
	 	 	3	 
	Goods and services tax
	 	 	4	 
	Consultant’s responsibility for taxes and other expenses
	 	 	4	 
	Payment not wages or salary
	 	 	4	 
	 
	 	 	 	 
	4 Expenses
	 	 	4	 
	 
	 	 	 	 
	5 Confidential information
	 	 	5	 
	Non-disclosure
	 	 	5	 
	Permissible disclosure
	 	 	5	 
	Property of Company
	 	 	6	 
	Surrender of documents
	 	 	6	 
	Protection of the Company’s Intellectual Property
	 	 	6	 
	Extent of loss
	 	 	6	 
	Consultant’s indemnity
	 	 	7	 
	Exclusion of liability
	 	 	7	 
	Survival
	 	 	7	 
	 
	 	 	 	 
	6 Termination of consultancy
	 	 	7	 
	Term
	 	 	7	 
	Termination by notice
	 	 	7	 
	Termination for cause
	 	 	7	 
	No compensation on termination
	 	 	8	 

 

 

 

	 	 	 	 	 
	7 Consultant not employee of the Company
	 	 	8	 
	Representative engaged by Consultant
	 	 	8	 
	No employer-employee relationship
	 	 	8	 
	Holding out
	 	 	9	 
	Period of unavailability
	 	 	9	 
	 
	 	 	 	 
	8 Miscellaneous
	 	 	9	 
	Assignment
	 	 	9	 
	Costs
	 	 	9	 
	Entire agreement
	 	 	9	 
	Execution of separate documents
	 	 	9	 
	Further acts
	 	 	9	 
	Governing law and jurisdiction
	 	 	10	 
	No agency or partnership
	 	 	10	 
	No authority to act
	 	 	10	 
	Severability
	 	 	10	 
	Variation
	 	 	10	 
	Waiver
	 	 	10	 
	Confidentiality
	 	 	10	 
	 
	 	 	 	 
	9 Definitions and interpretation
	 	 	11	 
	Definitions
	 	 	11	 
	Interpretation
	 	 	12	 
	 
	 	 	 	 
	Execution and date
	 	 	13	 
	 
	 	 	 	 
	Schedule 1
	 	 	15	 
	Services to be provided:
	 	 	15	 

 

 

 

			
	
	 	
 Consultancy Agreement

Parties

Unilife Medical Solutions Limited ACN 008 071 403 of Level 5, 35 Clarence Street, Sydney New South
Wales 2000 (Company)

Joblak Pty Ltd [residential address omitted] (Consultant)

Background

	A.	 	The Company has a requirement for the provision of the Services.
	 
	B.	 	The Consultant is able to provide the Services.
	 
	C.	 	The Company wishes to engage the Consultant to provide the Services and the Consultant wishes to provide the
Services on the terms set out in this Agreement.

Operative provisions

	1	 	Services

Services

	1.1	 	The Consultant must provide the Services to the Company on the terms set out in this
Agreement in consideration for the Fee.

Commencement date

	1.2	 	The provision of the Services by the Consultant is deemed to take effect from the
Commencement Date.

Consultant’s nominated representative

	1.3	 	The Consultant must nominate a suitable representative or representatives approved by the
Company to provide the Services on behalf of the Consultant under this Agreement. It is the
responsibility of the Consultant to ensure that the Representative provides the Services in
accordance with the terms and conditions of this Agreement.

	1.4	 	The Company approves the appointment of the Initial Representative for the purposes of this
clause.

	1.5	 	A Representative may only be replaced by the Consultant with another suitable representative
with the prior written approval of the Company.

Warranty

	1.6	 	The Consultant warrants to the Company that by entering into this Agreement and performing
the Services the Consultant and the Representative will not be in breach of any contract or
other obligation binding on the Consultant or the Representative.

 

1

 

			
	
	 	
 Consultancy Agreement

Acknowledgement by Representative

	1.7	 	If requested by the Company, the Consultant agrees to immediately procure the Representative
to sign an acknowledgement in a form acceptable to the Company confirming that he is bound by
the relevant clauses of this Agreement including clause 5 of this Agreement.
	 
	2	 	Duties of the Consultant

General duties

	2.1	 	During the term of this Agreement, the Consultant must:

	 	2.1.1	 	perform the Services with reasonable skill, care and due diligence and
must use its best endeavours to protect and further the interests of the Company;
and

	 	2.1.2	 	procure that the Representative performs the Services on behalf of the
Consultant with reasonable skill, care and due diligence and that he uses his best
endeavours to protect and further the interests of the Company subject to clauses
2.8 and 2.9 below.

Information and instructions

	2.2	 	The Consultant must give to the Company such information or reports regarding the affairs of
the Company and the performance of the Services as the Company requires and must comply, and
must procure the Representative to comply, with all proper and legal instructions of the
Company.

Time devoted

	2.3	 	The Consultant must serve the Company faithfully and well and the Consultant must procure
that the Representative during the term of this Agreement devotes his time, knowledge and
skill for a minimum of 120 hours per month as requested by the Company or as necessary for the
provision of the Services.

	2.4	 	The Consultant will not be in breach of this Agreement for providing less than 120 hours of
service per month should the Company fail to request Services that require at least 120 hours
per month. No unused hours may be carried over to future months.

Consultant to maintain necessary insurance

	2.5	 	During the term of this Agreement, the Consultant must take out and maintain all workers
compensation insurance in relation to the Representative.

	2.6	 	The Consultant indemnifies the Company against any liability to pay compensation to the
Representative in relation to the matters described in clause 2.5, including all associated
costs.

Non exclusivity

	2.7	 	Subject to the Consultant fulfilling its obligations under this Agreement and the Company
having first right to the Consultant’s and Representative’s time to perform
the Services, the Consultant and the Representative will provide the Services on a
non-exclusive basis.

 

2

 

			
	
	 	
 Consultancy Agreement

Non compete

	2.8	 	During the term of this Agreement, the Consultant must not, and must procure that the
Representative will not, accept any appointment to any office in relation to any body, whether
corporate or not, or directly or indirectly be employed by, provide services to or be
interested in any manner in any other business which is in any way competitive with the
business of the Group or whose interests in any way conflict with the interests of the Group
except in one of the following cases:

	 	2.8.1	 	as holder or beneficial owner (for investment purposes only) of any
class of securities in a company whose securities are listed on a Stock Exchange,
where the Consultant or the Representative neither holds nor is beneficially
interested in more than 3% of that class and provided that the Consultant and
Representative have disclosed any such holdings to the Company; or

	 	2.8.2	 	with the consent in writing of the Company, which may be given subject
to any terms or conditions that the Company requires, which will not be unreasonably
withheld.

	3	 	Fee

Amount of Fee

	3.1	 	During the term of this Agreement, the Company must pay to the Consultant a fee of $20,000
per calendar month (Fee) in advance on the first day of each calendar month. No further
amount is payable by the Company to the Consultant under or in connection with this Agreement
other than as set out in clause 4 of this Agreement or as otherwise agreed in writing between
the Company and the Consultant.

	3.2	 	Unless otherwise agreed in writing between the Company and the Consultant, the Consultant is
not entitled to payment of the Fee for a period during which it will be unable for any reason
to perform all or part of the Services or obligations under this Agreement but not where the
Consultant is unable to perform all or part of the Services or obligations under this
Agreement due to an act or omission of the Company, including but not limited to any act or
omission that would amount to a breach of any term of this Agreement.

Superannuation

	3.3	 	The Fee is inclusive of any superannuation that the Company is required to contribute to a
complying superannuation fund in order to avoid any charge under the Superannuation Guarantee
(Charge) Act 1992 (Cth).

Method of Payment

	3.4	 	The Consultant must submit monthly invoices showing sufficient particulars of the Services
that have been performed by the Representative. If requested to do so by the Company, the
Consultant must also supply summary information in support of the value of any invoice.

 

3

 

			
	
	 	
 Consultancy Agreement

Goods and services tax

	3.5	 	The fees payable by the Company to the Consultant are exclusive of any GST that may be
imposed on the Services. If any GST is paid or payable by the Consultant in respect of the
Services then the fees payable by the Company under this Agreement to the Consultant for those
Services will be increased by an amount equal to the GST payable by the Consultant on the fees
so increased.

	3.6	 	The Consultant will issue the Company with a tax invoice in respect of the Services in
relation to which GST is payable within 14 days of receipt of a written request for such a tax
invoice.

Consultant’s responsibility for taxes and other expenses

	3.7	 	Except as expressly stated in this Agreement, the Company is not responsible for the payment
of any monies in connection with the engagement of the Consultant under this Agreement or the
conduct of the business of the Consultant including Taxes, penalties, superannuation
contributions and any other statutory income deductions and the Consultant indemnifies the
Company against all such payments.

	3.8	 	The Consultant authorises the Company to make such deductions for Tax from any payment to the
Consultant under this Agreement in accordance with any requirements of Australian law.

Payment not wages or salary

	3.9	 	Payments made by the Company to the Consultant are not wages or salary, subject to applicable
law.

	3.10	 	Neither the Consultant nor the Representative is entitled to payment from the Company of any
annual leave, personal/carer’s leave (including sick leave), severance pay, pay in lieu of
notice, long service leave or any other entitlement which an employee has in respect of his or
her employment.

	3.11	 	The Consultant will be responsible for the payment of any wages and any other contributions
required by law to be paid in relation to the Representative and will make all appropriate
deductions from the Representative’s pay in respect of income tax and other deductions
required by law and the Consultant indemnifies the Company in respect thereof.

	3.12	 	The Consultant accepts full and exclusive responsibility for providing superannuation,
personal/carer’s leave (including sickness) and all other leave benefits and workers
compensation cover in respect of any of the Consultant’s employees including the
Representative.

	4	 	Expenses

	4.1	 	In addition to the Fee, the Company will reimburse the Consultant (on production of receipts
or such other evidence as the Company may require) for the amount of all travelling and other
expenses properly and reasonably incurred by the Consultant or the Representative during the
term of this Agreement in the provision of the Services
and which have been pre-approved in writing by
the Company. For the avoidance of doubt, all
international air travel will be business class
unless otherwise agreed between the Company and
the Consultant.

 

4

 

			
	
	 	
 Consultancy Agreement

	5	 	Confidential information

Non-disclosure

	5.1	 	The Consultant must, and must ensure that the Representative will, keep confidential all
Confidential Information and must not, without the prior written consent of the Company
(except as required by law), disclose any of the Confidential Information to any person or use
the Confidential Information for any purpose other than the performance of the Services.
	 
	5.2	 	The Consultant acknowledges, and must procure that the Representative acknowledges, that:

	 	5.2.1	 	each and every part of the Confidential Information is confidential to
the Company;

	 	5.2.2	 	all disclosures by the Consultant or the Representative by or on behalf
of the Company of any of the Confidential Information following the execution of
this Agreement are and will be confidential disclosures; and

	 	5.2.3	 	damages may be an inadequate compensation for breach of this Agreement
and, subject to the Courts’ discretion, the Company may restrain, by an injunction
or other remedy, any conduct or threatened conduct which is or will be a breach of
this Agreement.

Permissible disclosure

	5.3	 	Notwithstanding clause 5.1, the Consultant may disclose Confidential Information in any of
the following circumstances:

	 	5.3.1	 	the disclosure is required by law. If the Consultant decides that the
disclosure is required by law, it must immediately notify the Company of the
requirement for the information to be disclosed. If the Company objects to the
disclosure on the basis that it is not required by law, the Consultant must not
disclose the information or property;

	 	5.3.2	 	the disclosure is to an officer or employee of the Consultant, but only
to the extent that he or she needs to know the Confidential Information. The
disclosure must only be made on the express condition that the officer or employee
is subject to the same obligation of confidentiality as the Consultant;

	 	5.3.3	 	the disclosure is reasonably made to a legal adviser of the Consultant.
The disclosure must only be made on the express condition that the legal adviser is
subject to the same obligation of confidentiality as the Consultant;

 

5

 

			
	
	 	
 Consultancy Agreement

	 	5.3.4	 	the Confidential Information is already in the public domain, unless it
came into the public domain as a result of a breach of confidentiality; or

	 	5.3.5	 	the Company consents in writing to the disclosure. The Company’s
consent may be subject to the condition that the person to whom the disclosure is
made enters into a separate confidentiality agreement with the Company.

Property of Company

	5.4	 	Any document including notes, memoranda, correspondence, computer disks or copies thereof
created by the Consultant or the Representative in providing the Services will be and will
remain the property of the Company and the Company will be the absolute beneficial owner of
the copyright in any such document.

	5.5	 	All intellectual property rights in any Materials created in connection with the performance
of the Services vest solely and exclusively in the Company. The Consultant must assign and
must procure that the Representative assigns to the Company all such intellectual property
rights.

	5.6	 	The Consultant must, at the Company’s expense, take any actions necessary to give full effect
to this clause 5 as reasonably required by the Company.

Surrender of documents

	5.7	 	The Consultant must, and must procure the Representative to, surrender, at the Company’s
expense, to the Company the Materials and all original and copy documents in the possession,
custody or control of the Consultant or Representative belonging to any member of the Group or
relating to the business or affairs of any member of the Group or containing any Confidential
Information, together with any other property belonging to any member of the Group, in either
of the following circumstances:

	 	5.7.1	 	at any time during the continuance of this Agreement, if so required by
the Company; or
	 
	 	5.7.2	 	in the event of the termination of this Agreement.

Protection of the Company’s Intellectual Property

	5.8	 	At the Company’s expense, the Consultant must do anything the Company reasonably requests it
to do to assist the Company to protect its Intellectual Property. In particular, the
Consultant must assist the Company to protect the Company’s ownership of anything that is
dealt with in clause 5.4. The Consultant must cause and procure the Representative to do the
same.

Extent of loss

	5.9	 	The Consultant understands and agrees that any breach of its obligations under this clause 5
will cause the Company irreparable injury and that monetary damages will not be an adequate
remedy for any such breach.

 

6

 

			
	
	 	
 Consultancy Agreement

	5.10	 	In the event of any breach or threatened breach by the Consultant or the Representative, the
Company will be entitled to injunctive relief in any court of competent jurisdiction
restraining the Consultant from such breach.

Consultant’s indemnity

	5.11	 	Subject to clause 5.13, the Consultant indemnifies the Company against any Claim, loss or
expense of whatsoever nature arising directly or indirectly out of any breach of its
obligations under this clause 5 by the Consultant or Representative.

Exclusion of liability

	5.12	 	The Consultant is not liable for any Claims or against any loss or expense directly or
indirectly caused by an act or omission of the Company.

Survival

	5.13	 	The obligations of the Consultant and the Representative under this clause 5 survive the
termination of this Agreement.

	6	 	Termination of consultancy

Term

	6.1	 	Subject to clauses 6.2 and 6.3, this Agreement is for an initial period of seven months
(Initial Period) commencing on and from the Commencement Date and will be automatically
extended for successive six month periods thereafter.

Termination by notice

	6.2	 	Either the Company or the Consultant may terminate this Agreement:

	 	6.2.1	 	with effect from the end of the Initial Period by giving notice in
writing to the other party no later than 60 days prior to the end of the Initial
Period; or

	 	6.2.2	 	during any renewal period at any time after the expiration of the
Initial Period by giving 60 days notice in writing to the other party. at any time
after the expiration of the Initial Period.

The Company will be liable to pay the monthly Fee (or part thereof, where applicable)
during the relevant notice period.

Termination for cause

	6.3	 	The Company may by written notice to the Consultant terminate this Agreement with immediate
effect at any time if any of the following occur:

	 	6.3.1	 	The Consultant or the Representative fails or neglects efficiently and
diligently to discharge its duties or is guilty of any breach of its obligations
under this Agreement.

 

7

 

			
	
	 	
 Consultancy Agreement

	 	6.3.2	 	The Consultant or the Representative is guilty of serious misconduct or
any other conduct which affects or is likely to adversely affect the interests of
the Company.

	 	6.3.3	 	The Representative becomes bankrupt or makes any agreement, arrangement
or composition with his creditors.

	 	6.3.4	 	The Consultant becomes unable to pay its debts as and when they fall due
or becomes an externally administered body corporate within the meaning of the
Corporations Act.

	 	6.3.5	 	The Consultant is unable to provide the Services or utilise the
Representative in providing the Services for more than two weeks in any six month
period (unless otherwise approved by the Company pursuant to clause 7.5 of this
Agreement).
	 
	 	6.3.6	 	The death of the Representative.

	6.4	 	Subject to clause 6.5, any such termination will not affect any accrued rights of the
parties.

No compensation on termination

	6.5	 	The Consultant is not entitled to any compensation or payment, including any payment in
relation to the remaining period of this Agreement, if this Agreement is terminated under
clause 6.3.

	7	 	Consultant not employee of the Company

Representative engaged by Consultant

	7.1	 	During the term of this Agreement, the Representative must at all times be engaged by the
Consultant.

No employer-employee relationship

	7.2	 	Nothing contained in this Agreement will be construed or have effect as constituting any
relationship of employer and employee between the Company and the Consultant or the
Representative.
	 
	7.3	 	The Company acknowledges that:

	 	7.3.1	 	the Initial Representative is currently the company secretary of the
Company and as part of the Services the Consultant will make the Initial
Representative available to act as the company secretary of the Company; and

	 	7.3.2	 	the Initial Representative is a director of the Company, however, the
Initial Representative’s position as a director of the Company is not part of the
Services nor is it in any way the subject of this Agreement and he will be
separately engaged and remunerated by the Company for acting in that position.

 

8

 

			
	
	 	
 Consultancy Agreement

Holding out

	7.4	 	The Consultant and the Representative must not hold themselves out as being entitled to
contract, make any representation or accept payment in the name of or on behalf of the
Company, except in circumstances where the Initial Representative is acting in his capacity as
a director or secretary of the Company.

Period of unavailability

	7.5	 	The Consultant must give the Company at least seven days notice if it or the Representative
will be unavailable to carry out the Services. The notice must specify the period during
which the Consultant or the Representative will be unavailable. Unless otherwise approved by
the Company, the maximum aggregate period of unavailability is two weeks for every six months
during the term of this Agreement. Approval will not be unreasonably withheld and for the
avoidance of doubt it is acknowledged that the Consultant is only obliged to provide a minimum
of 120 hours per month thereby leaving at least a further 40 hours per month to perform other
services unrelated to this Agreement.

	8	 	Miscellaneous

Assignment

	8.1	 	Except as expressly permitted by this Agreement, a party must not assign any of its rights
under this Agreement without the prior written consent of the other party. That consent may
be given or withheld at a party’s absolute discretion.

Costs

	8.2	 	Except as otherwise agreed by the parties in writing, each party must pay its own costs in
relation to preparing, negotiating and executing this Agreement and any document related to
this Agreement.

Entire agreement

	8.3	 	This Agreement contains everything the parties have agreed on in relation to the matters it
deals with. Neither party can rely on an earlier document, or anything said or done by the
other party, or by a director, officer, agent or employee of that party, before this Agreement
was executed, save as permitted by law.

Execution of separate documents

	8.4	 	This Agreement is properly executed if each party executes either this Agreement or an
identical document. In the latter case, this Agreement takes effect when the separately
executed documents are exchanged between the parties.

Further acts

	8.5	 	The parties will promptly do and perform all acts and things and execute all documents as may
from time to time be required, and at all times will act in good faith, for the purposes of or
to give effect to this Agreement.

 

9

 

			
	
	 	
 Consultancy Agreement

Governing law and jurisdiction

	8.6	 	This Agreement is governed by the law of New South Wales, Australia. The parties submit to
the non-exclusive jurisdiction of its courts. The parties will not object to the exercise of
jurisdiction by those courts on any basis.

No agency or partnership

	8.7	 	Neither party is an agent, representative or partner of the other party by virtue of this
Agreement.

No authority to act

	8.8	 	Neither party has any power or authority to act for or to assume any obligation or
responsibility on behalf of the other party, to bind the other party to any agreement,
negotiate or enter into any binding relationship for or on behalf of the other party or pledge
the credit of the other party except as specifically provided in this Agreement or by express
agreement between the parties.

Severability

	8.9	 	If a clause or part of a clause of this Agreement can be read in a way that makes it illegal,
unenforceable or invalid, but can also be read in a way that makes it legal, enforceable and
valid, it must be read in the latter way. If any clause or part of a clause is illegal,
unenforceable or invalid, that clause or part is to be treated as removed from this Agreement,
but the rest of this Agreement is not affected.

Variation

	8.10	 	No variation of this Agreement will be of any force or effect unless it is in writing and
signed by the parties to this Agreement.

Waiver

	8.11	 	The fact that a party fails to do, or delays in doing, something the party is entitled to do
under this Agreement, does not amount to a waiver of any obligation of, or breach of
obligation by, the other party. A waiver by a party is only effective if it is in writing. A
written waiver by a party is only effective in relation to the particular obligation or breach
in respect of which it is given. It is not to be taken as an implied waiver of any other
obligation or breach or as an implied waiver of that obligation or breach in relation to any
other occasion.

Confidentiality

	8.12	 	Subject to clause 8.13, each party to this Agreement agrees that they will not disclose the
terms of this Agreement to any person other than their legal or financial advisers and then
only on the condition that they are required to keep the terms of this Agreement confidential,
or as may be required by law.

8.13 The Consultant agrees that the Company is entitled to:

	 	8.13.1	 	lodge an announcement setting out the terms of this Agreement with the ASX at any
time and in such form as the Company determines; and

	 	8.13.2	 	disclose the terms of this Agreement in any documents of the Company that it is
required to disclose the information in and the Company will be entitled to disclose
the terms of this Agreement in such documents and in such form as the Company
determines.

 

10

 

			
	
	 	
 Consultancy Agreement

	9	 	Definitions and interpretation

Definitions

	9.1	 	In this Agreement, unless the context otherwise requires, the following definitions apply:

ASIC means the Australian Securities and Investments Commission.

ASX means ASX Limited (ACN 008 624 691) or the securities market it operates as the
context requires.

Claims means all claims, proceedings, demands, suits, causes of action, damages, debts,
costs, liability, verdicts and judgments whatsoever whether at law or in equity or under
any statute.

Commencement Date means 1 February 2009.

Confidential Information means the Materials and any information of a private,
confidential or secret nature concerning the business, projects or affairs of any company
in the Group or of any person having dealings with any company in the Group and which
comes to the Consultant’s or the Representative’s knowledge during the course of or in
connection with the provision of the Services.

Consultant means Joblak Pty Ltd ACN 068 536 416.

Corporations Act means the Corporations Act 2001 (Cth).

Fee has the meaning given to that term in clause 3.1.

GST means a goods and services tax or a similar value added tax imposed by a public
authority in Australia.

Intellectual Property means every form of intellectual property, whether created before
or after the commencement of this Agreement, including inventions, know-how, patents,
patent applications, registered trade marks, unregistered trade marks, designs,
copyright, confidential information, trade secrets and trade, business or company names.

Initial Representative means Jeff Carter.

Listing Rules means the official listing rules of ASX as amended from time to time.

 

11

 

			
	
	 	
 Consultancy Agreement

Materials includes documents, technical information, plans, charts, drawings,
calculations, tables, schedules, software in source or object code form, inventions,
designs and other data in any form or media and all copies, records or summaries of the
whole or part thereof.

Representative means a person nominated in accordance with clause 1.3 of this Agreement.

Services means those services specified in schedule 1 to this Agreement.

Stock Exchange has the meaning given to that term in the Corporations Act 2001.

Tax means each of the following:

	 	(a)	 	all forms of taxation, duties, imposts, fees, levies, deductions or
withholdings, whether of Australia or elsewhere, including income tax, fringe
benefits tax, withholding tax, capital gains tax, pay as you go, GST, customs and
other import or export duties, excise duties, sales tax, stamp duty or other similar
contributions; and
	 
	 	(b)	 	any interest, penalty, surcharge or fine in connection with it.

Interpretation

	9.2	 	In this Agreement, unless the context otherwise requires:

	 	9.2.1	 	A reference to this Agreement means the agreement recorded by this
document.

	 	9.2.2	 	A reference to any law or legislation or legislative provision includes
any statutory modification, amendment or re-enactment, and any subordinate
legislation or regulations issued under that legislation or legislative provision,
in either case whether before, on or after the date of this Agreement.

	 	9.2.3	 	A reference to any agreement or document is to that agreement or
document as amended, novated, supplemented or replaced from time to time.

	 	9.2.4	 	A reference to a clause, part or schedule is a reference to a clause,
part or schedule of or to this Agreement.

	 	9.2.5	 	Where a word or phrase is given a defined meaning another part of speech
or other grammatical form in respect of that word or phrase has a corresponding
meaning.

	 	9.2.6	 	A word which denotes the singular denotes the plural, a word which
denotes the plural denotes the singular, and a reference to any gender denotes the
other genders.

	 	9.2.7	 	Any agreement, covenant, representation, warranty, undertaking or
liability arising under this Agreement on the part of two or more persons is to be
taken to be made or given by such persons jointly and severally.

 

12

 

			
	
	 	
 Consultancy Agreement

	 	9.2.8	 	A reference to dollars or $ means Australian dollars.
	 
	 	9.2.9	 	The schedules form part of this Agreement.

	 	9.2.10	 	References to the word ‘include’ or ‘including’ are to be construed without
limitation.

	 	9.2.11	 	A reference to a time of day means that time of day in the place whose laws govern
the construction of this Agreement.

	 	9.2.12	 	A reference to a business day means a day other than a Saturday or Sunday on which
banks are open for business generally in the place whose laws govern the
construction of this Agreement.

	 	9.2.13	 	Where a period of time is specified and dates from a given day or the day of an
act or event it must be calculated exclusive of that day.

	 	9.2.14	 	A term of this Agreement which has the effect of requiring anything to be done on
or by a date which is not a business day must be interpreted as if it required it to
be done on or by the next business day.

Execution and date

Date:

	 	 	 	 	 
	Executed by Unilife Medical Solutions Limited (ACN 008 071
403) acting by the following persons or, if the seal is
affixed, witnessed by the following persons:
	 	 	 	 
	 
	 	 	 	 
	/s/
Jim Bosnjak
	 	/s/ Alan Shortall	 	 
	 

Signature of director

	 	 

Signature of director
	 	 
	Name of director: Jim Bosnjak

	 	Name of director: Alan Shortall	 	 

 

13

 

			
	
	 	
 Consultancy Agreement

	 	 	 	 	 
	Executed by Joblak Pty Ltd (ACN 068 536 416) acting by the
following persons or, if the seal affixed, witnessed by the
following persons:
	 	 	 	 
	 
	 	 	 	 
	 

Signature of director

	 	 

Signature of director/company secretary
	 	 
	 
	 	 	 	 
	 

Name of director (print)

	 	 

Name of director/company secretary (print)
	 	 

 

14

 

			
	
	 	
 Consultancy Agreement

Schedule 1

Services to be provided:

	1.	 	The Consultant will review and edit all documents provided to it by the Company including
press releases, annual, half year and quarterly financial reports and any other agreements or
documents that the Company requests the Consultant to review.

	2.	 	The Consultant will arrange and supervise the preparation of the Company’s annual, half year
and quarterly financial reports to ensure that each of those reports complies with the
requirements for such reports set out in the Corporations Act and the Listing Rules.

	3.	 	The Consultant will provide a full corporate secretarial function to the Company including
attending to the preparation and lodgement of all necessary documents with the ASX, ASIC and
the Company’s share registry to ensure, amongst other things, compliance with the Corporations
Act and the Listing Rules. The Consultant will also make the Representative available to act
as company secretary of the Company if the Board of the Company wishes to appoint the
Representative as company secretary.

	4.	 	At the request of the Company, the Consultant will review, offer recommendations in relation
to and be involved in strategic planning regarding the business activities of the Company.

	5.	 	At the request of the Company, the Consultant will review and provide advice, in consultation
with the Company’s legal, financial and other advisers, on:

	 	(a)	 	corporate restructuring and its potential impact on Australian shareholders of the
Company;
	 
	 	(b)	 	the Company’s obligations under the Listing Rules; and
	 
	 	(c)	 	fiscal reporting of the Company,

to the extent that the Consultant has the experience or requisite skills to provide such advice.

	6.	 	The Consultant will provide advice to the Chief Executive Officer and other members of the
Board of the Company on such matters as the Company requests, from time to time, to the extent
that the Consultant has the necessary experience or requisite skills to do so.

	7.	 	Provide such other advice and assistance as is reasonably incidental or related to the
abovementioned services and advice.

 

15

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00165-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00165-of-00352.parquet"}]]