Document:

Exhibit 4.1(f)

 

PHARMACEUTICALS

 

 

20
September 2004

 

Mr
Rick Merrigan

9
Herne Street

Manifold
Heights 3218 Victoria

 

Dear
Rick

 

Offer of
Employment

 

As
discussed I would like to offer you the position of Chief Financial Officer
with ChemGenex Pharmaceuticals Limited (“the Company”).

 

We
will work together on a formal Job Description should you accept this offer.
This may be revised and updated from time to time, and it is not unusual for
this to happen, for instance, in association with the performance reviews
referred to herein.

 

The
principal conditions of this offer of employment are as follows.

 

1.              Organisation
Relationships

 

You
will report to the Managing Director & Chief Executive Officer unless
notice is given by the Company about changed reporting relationships.

 

2.              Location

 

The
present location for this position is Geelong, Victoria.

 

3.              Commencement Date & Duration

 

The
commencing date of employment, constituted by your acceptance of this offer, is
20 September 2004. This employment will continue until 19 September 2005 unless
terminated beforehand in accordance with clause 18 hereof.

 

4.              Remuneration

 

(a)
Remuneration is expressed as Total Remuneration Package (“TRP”), and your
commencing TRP will be at the rate of $130,800 per annum (being a base of
$120,000 and 9% superannuation contribution of $10,800).

 

 

(b) Salary (after tax and
authorised deductions) is paid monthly by direct deposit into an account
nominated by you at a bank or financial institution, provided that such
institution participates in the electronic funds transfer (EFT) system.

 

(c) It is the Company’s
current policy to review remuneration on an annual basis and your remuneration
will be reviewed in July each year.

 

(d) It is agreed that your
Salary is the basis for calculating superannuation contributions and your
entitlements upon termination of employment, including any payments due in lieu
of untaken annual leave or long service leave.

 

5.              Share
Option Plan

 

You will be issued with 25,000
Options, subject to shareholder approval at the Company’s Annual General
Meeting in 2004.

 

6.            Superannuation

 

The Company will make
contributions to an agreed complying superannuation fund on your behalf in
accordance with the provisions of the Superannuation Guarantee
(Administration) Act 1992 (Cth). Superannuation contributions are
part of your TRP.

 

The Company makes no guarantee
nor is it required to assure the availability of benefits from any
superannuation fund(s).

 

7.              Hours
of Work

 

Hours of work are a minimum of
forty (40) per week, and may be worked at any time on any days by agreement, or
in the absence of agreement at the Company’s direction. Currently, days of work
are Monday to Friday inclusive.

 

8.            Annual
Leave

 

You will be entitled to four
(4) weeks (20 working days) annual leave per annum, accrued and taken in
accordance with the Company’s policy. It is expected that annual leave will be
taken within twelve (12) months of it falling due at a time agreed between
yourself and the Company. There is no separate loading paid on annual leave.

 

9.              Public
Holidays

 

The Company observes public
holidays legislated or proclaimed for the State of Victoria, in accordance with
the Public Holidays Act 1993 (Victoria). You will
be entitled to paid time off work on legislated or proclaimed days that fall on
your normal days of work, or substituted days by agreement.

 

10.       Long
Service Leave

 

Long service leave
entitlements accrue and are paid in accordance with the provisions of the Long Service Leave Act 1992 (Victoria). The basic
entitlement is thirteen (13) weeks leave after fifteen (15) years continuous
employment with the Company.

 

 

11.       Sick
Leave

 

(a) You will be entitled to
sick leave at the rate of ten (10) days per annum, to be accrued and taken in
accordance with the Company’s policy.

 

(b) Sick leave not used will
accumulate for the term of your employment with the Company.

 

(c) No payment is made in lieu
of unused sick leave, either during your employment or on termination of your
employment with the Company.

 

12.       Parental
Leave

 

Parental leave (maternity,
paternity, adoption leave) is unpaid leave which is granted and arranged in
accordance with the provisions of Schedule 1 A of the Workplace
Relations Act 1996 (Cth.) (“WR Act”). You will be entitled to
parental leave in accordance with these provisions.

 

With respect to parental
leave, the WR Act provides that to be eligible for such leave, an employee must
have had at least twelve (12) months continuous service with his or her
employer immediately preceding the date on which he or she commences leave.

 

It is acknowledged and agreed
that in circumstances where you have not had at least twelve (12) months
continuous employment with the Company immediately preceding the date on which
you seek to commence parental leave, such that you are not entitled to leave in
accordance with the provisions of the WR Act, the Company is under no
obligation to grant any other type of paid or unpaid leave to you, and your
employment with the Company will cease when you are unable to attend for work
and perform the functions of your job.

 

13.       Workers’
Compensation

 

In the event that you are
injured at work, you are covered by the provisions of the Accident
Compensation Act 1985 (Victoria), and complementary Workcover
legislation.

 

14.       Performance
Review

 

Your performance will be
reviewed and discussed with you at least every six (6) months, consistent with
the conduct and practice of the Company’s performance management system. This
is an important opportunity for formal two-way communication about your performance,
the content of your position and your future development. It will include
setting of objectives and/or performance indicators and, on occasions,
adjustment of the accountabilities and responsibilities expected of this
position.

 

15.       Travel
and Business Related Expenses

 

You may be required to
undertake business related travel, including interstate and overseas travel, at
the Company’s expense. In such circumstances you will receive reimbursement of
business expenses reasonably and actually incurred in accordance with the
Company’s expense reimbursement policy.

 

 

16.       Company
Policies

 

You will be bound by the
employment policies and procedures adopted by the Company as varied from time
to time, including policies dealing with Harassment, Equal Opportunity and
Anti-discrimination and Smoking in the Workplace. You are required to be
familiar with these policies and procedures.

 

17.       Issues,
Grievances and Disputes

 

If any issue, grievance or
dispute arises, it must be dealt with in the following manner:

 

(a) The matter must first be
discussed by you with the Managing Director & Chief Executive Officer.

 

(b) If not settled, the matter
must then be discussed with the Managing Director & Chief Executive Officer
and another non executive Director appointed by the Board for this purpose.

 

(c) If the matter is not
resolved, it may be submitted to an agreed mediator by either yourself or the
Company for the purposes of conciliation or mediation. At this stage either
yourself or the Company may be represented by an adviser or advocate (eg.,
barrister or solicitor).

 

(d) Until the matter is
resolved your responsibilities must be exercised at the direction of the
Company. No one shall be prejudiced as to the final settlement by the
continuance of work in accordance with this process.

 

(e) You and the Company must
cooperate to ensure that these procedures are carried out expeditiously.

 

18.       Contract
of Employment

 

(a) This position is defined
as full time employment.

 

(b) The Company may require
you to undertake different work assignments or job responsibilities during the
course of your employment, either with the Company or with a subsidiary
company, an associated company, an associated business or organisation. In such
circumstances there would be no reduction in your TRP.

 

(c) Your employment may be
terminated by either yourself or the Company by giving three (3) months notice
in writing, or by the Company without notice by paying three (3) months TRP in
lieu of notice.

 

(d) When either you or the
Company has given notice of termination of your employment, the Company may
require you to:

 

(i)            not perform any work for it; or

 

(ii)           not attend the Company’s place(s) of business; or

 

(iii)          perform only those duties which the Company specifies to
you.

 

 

(e) In addition, the Company
has the right to terminate your employment without notice for serious
misconduct or serious or persistent breach of your terms or conditions of
employment and in such case your Salary and other entitlements will be paid up
to the time of termination only.

 

19.       Confidentiality

 

It is a condition of your
employment that you will not disclose nor use at any time either during your
employment or thereafter, any policy, practice, procedure, customer
information, supplier information, trade secret, financial, business,
confidential or other data belonging to or concerning the business operations
or affairs of or otherwise relating to the Company or any associated companies,
their clients, customers and other business organisations acquired in the course
of your employment with the Company without first obtaining the Company’s
written consent to such disclosure, except such disclosure as may otherwise be
specifically required or permitted by the Company, required by law or unless
such information has become public knowledge through no action by yourself.

 

20.       Return
of Documents and Equipment

 

Upon termination of your
employment you must return to the Company or its authorised representative all
policies, procedures, plans, statistics, documents, records, data, computer
tapes or discs, papers or equipment in your possession or control which relate
in any way to the business or affairs of the Company or any related Company, or
belongs to the Company. You are not entitled to retain any equipment or a copy
of any document referred to in this clause.

 

21.       Intellectual
Property

 

If during the period of your
employment, you or you and the Company jointly, formulate, discover, develop or
construct any invention and or system associated with the Company’s business,
all rights, interest and title to such formulas, discoveries, inventions and or
systems shall vest in the Company including without limitation any rights to
any application in relation to a discovery or invention which you may file in
the Commonwealth of Australia or elsewhere for the period of two (2) years
after the termination of your employment with the Company in respect of any
such discoveries, inventions and or systems. It is further agreed that you will
promptly inform the Company in writing, of any and all such inventions and
systems.

 

22.       Non
Solicitation

 

You agree that you will not
for yourself or for any other person, for one (1) year after your employment
with the Company ends, within Australia, without the written consent of the
Company, directly or indirectly do any of the following:

 

(a) solicit, interfere with or
endeavour to entice away from the Company any person, firm or company who was
or has been, during the last one (1) year of your employment, a client or
customer of the Company (being a client or customer) to whom you provided
services while employed by the Company;

 

(b) solicit, interfere with or
endeavour to entice away from the Company any employee of the Company;

 

 

(c) provide services or accept
any request to provide services to or accept employment with a person, firm or
company who has been a client or customer of the Company during the last one
(1) year of your employment with the Company (being a client or customer to
whom you provided services while employed by the Company);

 

(d) counsel, procure or assist
any person or company to do any of the acts referred to in this clause.

 

23.       Governing
Law

 

Your employment, these terms
and conditions and the determination of any disputes or claims arising in
relation thereto are governed by the laws of the State of Victoria.

 

24.       Representation

 

We trust that the terms and
conditions of employment outlined in this letter are consistent with and
include all the principal issues covered during our discussions. If you have
any concerns about these matters, please contact us prior to indicating your
acceptance of this offer of employment.

 

Please indicate your
acceptance of this offer of employment and the terms and conditions set out in
this letter, by signing the duplicate copy and returning it to us as soon as
practicable.

 

Yours
sincerely

 

	
  /s/
  G. R. Collier

  	
   

  

G.
R. Collier

 

Managing
Director & Chief Executive Officer

 

Acceptance

I
confirm acceptance of the offer of employment and the conditions set out in
this letter.

 

	
  /s/ [ILLEGIBLE]

  	
   

  
	
  (signed)

  	
   

  

 

 

	
  20/9/04

  	
   

  
	
  (date)Exhibit 4.1(g)

 

CHEMGENEX, INC.

 

September
14, 1999

 

 

Dennis
M. Brown,

Ph.D.
100 San Mateo Drive

Menlo
Park, CA 94025

 

Dear
Dennis:

 

ChemGenex
Therapeutics, Inc. (“ChemGenex” or the “Company”) is pleased to offer you the
position of President & CEO, on the following terms.

 

In
this full-time, exempt level position, you will report to ChemGenex’ Board of
Directors, and will initially work at our corporate headquarters in Menlo Park,
California.

 

Other
details regarding the offer are as follows:

 

Start
Date. If you accept our
offer, we would like your effective start date to be September 14th, 1999.

 

Base
Salary. Your base
salary will be $16,666.67 monthly, less standard payroll deductions and
withholdings. You will be paid on a semi-monthly basis and you will be eligible
for the following standard Company benefits: medical insurance, vacation, sick
leave, holidays. Information regarding ChemGenex’s benefit plans will be
provided to you at your new hire orientation. The Company may modify
compensation and benefits from time to time as it deems necessary. Information
regarding ChemGenex’s benefit plans will be provided to you at your new hire
orientation.

 

Bonus
Plan. You will also be
eligible to participate in ChemGenex’s performance bonus plan, under which you
would be eligible to receive an annual bonus of up to 15% of your base salary.
Payout of any performance bonus is contingent on your achievement of
performance objectives set mutually by you and ChemGenex management as well as
the Company’s overall financial performance. Please note that at the discretion
of management, the bonus plan may be terminated or modified at any time.

 

CHEMGENEXTM

34700
Campus Drive, Fremont, CA 94555 (510) 494-7732 Fax (510) 742-8510

 

 

Stock
Options. Upon your hire
by ChemGenex and upon approval of the ChemGenex’s Board of Directors (“the
Board”), you will be granted an incentive stock option to purchase -0- shares
of common stock of ChemGenex with an exercise price equal to the fair market
value of the stock, determined by the Board at its next regular meeting after
your start date (the “Option”). The Option shall be subject to the following
vesting schedule: 1/4th vesting after one year of your continuous
service with ChemGenex and then 1/48th vesting each month thereafter
of your continuous service with ChemGenex. The Option and all stock purchased
pursuant to the Option shall be subject to the terms of ChemGenex’s Equity
Incentive Plan, as that Plan is developed, and the standard stock grant
agreement that will be provided to you pursuant to the Plan.

 

Company
Policies and Employee Proprietary Information and Inventions Agreement. As a ChemGenex employee, you will be expected
to abide by all rules and regulations of ChemGenex and to sign and comply with
the attached Employee Proprietary Information and Inventions Agreement.

 

Normal
Working Hours. Normal
working hours are from 9:00 a.m. to 5:00 p.m., Monday through Friday. As an
exempt level employee, you will be expected to work additional hours as
required by the nature of your work assignments.

 

Employment
Relationship. You may
terminate your employment with ChemGenex at any time, for any reason or no
reason whatsoever simply by notifying the Company. Likewise, ChemGenex may
terminate your employment at any time and for any reason whatsoever, with or
without cause or advance notice. This at-will employment relationship cannot be
changed except in writing signed by an authorized ChemGenex officer.
Participation in any of our benefit programs is not to be regarded as a
guarantee of continued employment for any particular period of time. In
addition, ChemGenex may change your position, duties, work location, benefits,
and compensation from time to time as it deems necessary.

 

Introductory
Period. The first sixty
(60) days of your employment with ChemGenex will be an introductory period
intended to give you the opportunity to demonstrate your ability to perform
your duties satisfactorily and to determine whether your new position meets
your expectations. We encourage you to use this time to raise with your
managers any questions you might have about the position or about ChemGenex
generally, and to assist us in making your transition into the Company as
comfortable as possible. You will begin accruing vacation benefits with
ChemGenex upon your first day of employment. As set forth in the paragraph
above, both you and ChemGenex may terminate the employment relationship at any
time for any reason both during and after the Introductory Period.

 

Eligibility
to Work in the United States. As required by law, this offer is subject to satisfactory proof of your
right to work in the United States. Please note that because of regulations
adopted in the Immigration Reform and Control Act of 1986 (IRCA), we will
require that you present documentation demonstrating that you have
authorization to work in the United States on your first working day. If you
have any questions about this

 

 

requirement,
which applies to U.S. citizens and non-U.S. citizens alike, please contact
Vince Pangrazio, ChemGenex’s corporate counsel at Cooley Godward LLP.

 

Arbitration. To ensure rapid and economical resolution of
disputes which may arise in connection with your employment with ChemGenex, you
and ChemGenex agree that any and all disputes, claims (e.g., contract claims,
tort claims, statutory claims, discrimination or harassment claims), or causes
of action arising from or relating to your employment with ChemGenex will be
resolved to the fullest extent permitted by law by final and binding
confidential arbitration held in San Francisco, California through Judicial
Arbitration and Mediation Services, Inc. (“JAMS”) under its rules and
procedures for arbitration of employment disputes; provided, however, that
either party may obtain injunctive relief from a court if necessary to preserve
the status quo pending the outcome of the arbitration or in circumstances where
the arbitrator lacks authority to issue injunctive relief. JAMS will provide a
list of 5 arbitrators from which both parties may eliminate 2 to obtain the final
arbitrator. By agreeing to this arbitration procedure, both you and ChemGenex
waive the right to resolve any such disputes through a jury trial, court trial,
or administrative proceedings. Each party will bear its own attorney fees, and
the cost of the arbitration will be borne equally by both parties.

 

Complete
Agreement. This letter,
together with your Employee Proprietary Information and Inventions Agreement,
forms the complete and exclusive statement of your employment agreement with
ChemGenex. The employment terms in this letter supersede any other agreements
or promises made to you by anyone, whether oral or written.

 

As
acceptance of the employment terms described above, please sign and date this
letter and return one original to the undersigned by September 14th,
1999, after which time this offer will expire. A duplicate original of this
offer letter is enclosed for your records.

 

We
look forward to a favorable reply and the opportunity of working with you to
create a successful Company.

 

Very truly yours,

 

	
  /s/
  Dennis M. Brown Founder

  	
   

  

Dennis
M. Brown Founder

 

 

ChemGenex
Therapeutics, Inc.

 

I
accept the employment terms stated in this letter, and agree to commence
employment on 9 – 14 - 1999.

 

	
  9-14-99

  	
   

  
	
  Date

  

 

	
  /s/
  Dennis M. Brown 

  	
   

  

NAME
Dennis M. Brown

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