Document:

prop_ex109.htm

EXHIBIT 10.9

 

 

22 May 2009

Dr Paul Clayton

1 Church Close, Church Street

Epsom, Surrey

KT17 4PT, United Kingdom

 

Dear Dr Clayton,

Thanks for your email of 19 May 2009 to confirm acceptability of the broad terms of research engagement.  The purpose of this letter is to confirm the specific terms for Propanc Pty Ltd to engage you for the following contract work:

Contract Services

 

The services to be provided by you are:

	
·  

	

Identify and recommend additional active ingredients to enhance the efficacy of Propanc’s current proenzyme formulation;

	
·  

	
Provide input into the testing of the new formulation; and

	
·  

	
Deliver a report outlining the proposed formulation and testing.

The services commenced as of 19 May 2009 and are to be completed by Friday 29 May 2009.  The services must be provided by you personally.

Fee

 

Propanc shall pay you either a fee for services of ₤1000 per day, capped at two days work, or a total amount of ₤2000 if you can deliver the new formulation by the end of Monday 18 May 2009.  The fee does not include any taxes for which you are responsible.

Success Fee

 

Propanc will organise to test your proposed formulation.  If the proposed formulation has enhanced efficacy over Propanc’s current formulation and is adopted by Propanc, an additional success fee of one percent (1%) of the currently issued ordinary shares in Propanc will be issued to you.  These would be issued upon the terms of Propanc’s Constitution and Shareholders Agreement.

 

 

  

1

  

 

Standard Terms

 

You shall undertake this work as an independent research consultant in accordance with our Researcher Standard Terms as attached.

Acceptance

 

To accept this engagement, including the Researcher Standard Terms, please sign this letter as indicated below and return the original.   If you have any questions please do not hesitate to contact me.

 

	

Yours Sincerely,

	 	 	 
	
 

James Nathanielsz

	 		 
	 	 	Acceptance of Offer	 
	 	 	 	 	 
	 	 	Name:		 
	 	 	 	 	 
	 	 	Date:	1-7-2009	 

 

  

2

  

 

Propanc Pty Ltd

Researcher Standard Terms

 

	
Researcher's Obligations

The Researcher warrants that it will exercise skill, care and diligence to a high standard in providing the services, complying with any reasonable directions given by or on behalf of Propanc and all applicable standards, laws and regulations.

The Researcher must either complete the services by the dates specified or provide the services at all agreed times during the term specified.

The services and any deliverables must be free from defects in performance, meet their purpose and be complete and in accordance with their description.

Fees and Payment

Payment will be made upon invoice within 30 days of either the completion of each relevant milestone to which it relates or following completion of the services.

The Researcher will be responsible for and will indemnify Propanc against all costs, taxes, imposts, levies, payments and other outgoings and expenses incurred in or in consequence of the performance by the Researcher of the services.

Confidential Information and Intellectual Property

The Researcher must treat any information it receives that is by its nature confidential, is designated as confidential or the Researcher knows or ought to know is confidential as confidential and must not, without the prior consent of Propanc, disclose or divulge the confidential information to any third party nor use it for any purpose other than the performance of the services.

All intellectual property created by the Researcher in relation to the services, Propanc formulation or any deliverables is owned by Propanc and the Researcher agrees to perform all acts and execute all documents necessary to establish such ownership rights.  These terms do not affect the ownership of any pre-existing intellectual property, but the Researcher grants to Propanc a permanent, irrevocable, royalty-free, non-exclusive licence to use, reproduce, adapt and exploit any such pre-existing intellectual property contributed by the Researcher in conjunction with the services and deliverables.

The Researcher must not incorporate any third party intellectual property into the services or deliverables.  The Researcher indemnifies Propanc against all loss, damage or expense arising in respect of any action or claim for alleged infringement of any third party intellectual property rights, by reason of Propanc’s receipt or enjoyment of the services or deliverables.

	 	
Moral Rights

The Researcher warrants that the author of any material produced pursuant to the services has or will give a written consent to any act or omission by Propanc which would infringe any moral rights the author may have in such material. The Researcher agrees to indemnify and keep indemnified Propanc from and against all liability arising from any action or failure of Propanc in relation to an author's moral rights.

Termination

This agreement will terminate upon completion of the services and may otherwise be terminated by either party upon 14 days notice to the other.  Propanc may terminate this agreement upon breach by Researcher if such breach is not rectified within 7 days of notice from Propanc, immediately if steps are taken to have the Researcher found bankrupt or wound up.

Subcontracting

The Researcher must not subcontract the performance of any of the Researcher's obligations under this agreement without Propanc's written consent.

Relationship

The relationship between Propanc and the Researcher is one of independent Researchers and nothing in this agreement creates or evidences a relationship of partnership, joint venture, trust, employment, agency or otherwise.

Insurance

The Researcher will provide and pay for all insurance which a reasonable and prudent person would consider to be appropriate in the conduct of a business the same as or similar to the Researcher's business in providing the services, including (but not limited to) public liability, professional indemnity and worker's compensation insurance.

Applicable Law

These terms are governed by and construed in accordance with the laws of Victoria, Australia.

 

 

3prop_ex1010.htm

 

Exhibit 10.10

 

12 February 2008

 

 

Dear Julian,

 

Propanc Scientific Director - Letter of Appointment

 

I am pleased to welcome you as a Director to the Board of Propanc Pty Ltd.  The purpose of this letter is to outline the scope of your appointment and for you to acknowledge acceptance of this position.

 

Appointment & Duties

 

	
1.1

	
You accept appointment as a Director to the Board of Propanc.  You will act as an independent Director and your general responsibilities and expect conduct will be those of a director to a private company and further specific responsibilities as detailed below or agreed with Propanc from time to time.

 

	
  

	
Additionally, your role includes providing guidance, technical expertise and where applicable, assistance in managing Propanc’s Research and Development programs.  You will also be a key member of the Scientific Advisory Board and provide input into the creation and establishment of the Board and its participants.

 

	
1.2

	
You will be required to comply with all laws relating to director’s duties, Propanc’s Constitution (a copy of which is attached for your reference) and Propanc’s policies.

 

	
1.3

	
You will provide your services as an independent consultant.  The Board of Propanc has determined that no Director’s fees should be paid until further capital is obtained.

 

	
1.4

	
Propanc will generally organise all travel, accommodation and other reasonable travel expenses and will otherwise reimburse you for pre-agreed and incidental expenses.  Any required international flights will be booked business class and domestic flights will be domestic class.

 

Specific Responsibilities

 

	
2.1

	
You will be required to prepare for and attend at least 4 Board meetings per year.  Meetings will be held on dates and at locations nominated by Propanc and agreed with the Board.  Meetings are generally held on a quarterly basis and attendance at additional meetings may be required when necessary.

 

	
2.2

	
You may also be required to participate in sub-committees of the Board, such as the Scientific Advisory Board.

 

Policies

 

	
3.1

	
You will be required to comply with Propanc’s applicable policies and procedures as advised to you and as varied by the Board in its discretion from time to time.

  

  

  

 

	
  

	
Conflict of Interest

 

	
4.1

	
You must immediately declare to Propanc any conflict of interest or potential conflict of interest that may arise in relation to your role as a Director of Propanc.  You must comply with such procedures as Propanc may adopt in relation to any such conflicts of interest.

 

	
4.2

	
Unless approved by Propanc, you agree not to be involved in any activities, in any capacity, which creates or may create a conflict of interest with Propanc or may interfere with or detract from your role as a Director.

 

Insurance

 

	
5.1

	
Propanc has not obtained Directors and Officers Insurance.  This may be obtained when considered necessary by the Board.

 

Intellectual Property

 

	
6.1

	
Any intellectual property generated by you in relation to your role as a Director of Propanc shall be legally and beneficially owned by Propanc.

 

	
6.2

	
You agree to perform all such acts and execute all such agreements and other documents as Propanc reasonably requires, at its expense, to perfect its rights to such intellectual property.

 

	
  

	
Confidential Information

 

	
7.1

	
In the course of your duties you may receive information that is confidential to Propanc and/or its business partners.  You agree not to, except in the proper course of your duties or in other circumstances permitted by Propanc, either during the course of your appointment or after, divulge to any third party or make use of any confidential information you become aware of during the course of or incidental to your appointment.

 

	
7.2

	
‘Confidential Information’ includes all information (including copies thereof) regardless of form and disclosure method, disclosed by or on behalf of Propanc to you, that by its nature is confidential, is designated as confidential or the you know or ought reasonably to know is confidential and may include, without limitation, all information relating to Propanc’s business, field of business, research, proposed business or research, technologies or products.

 

	
  

	
Term and Termination

 

	
8.1

	
You are appointed on an on-going basis at the discretion of the Chairman/majority of the Board.

 

	
8.2

	
Either the Chairman/Board or yourself may terminate your appointment immediately upon written notice to the other party without cause.  In this instance you will be paid for service completed but will not receive any form of termination payment.

 

	
8.3

	
Subject to any Deed of Indemnity between yourself and Propanc, you undertake that, on the termination of your appointment (however occurring), you will immediately deliver to Propanc all materials and confidential information relation to the affairs of Propanc and all of Propanc’s property in your possession or control and that you will not retain any copies thereof.

  

  

  

 

	
8.4

	
Upon any termination of your appointment, you warrant and undertake that you, whether directly or indirectly, or in connection with any other entity, will not:

 

	
  

	
(a)

	
carry on any business or be engaged or connected with any business in competition with the activities of Propanc; or

 

	
  

	
(b)

	
hire away or attempt to hire away or otherwise engage any employee, key advisor or consultant of Propanc;

 

	
  

	
within a worldwide restraint area for a restraint period of 12 months.

 

	
  

	
Acceptance

 

To accept this offer, and the above conditions, please sign this letter as indicated below and return an original to me.   If you have any questions please do not hesitate to contact me.

 

We look forward to your acceptance of this offer and to welcoming you to the Board.

 

Kind regards,

 

Attached:

	
  

	
·

	
Constitution

 

 

I accept this appointment as a Director to the Board of Propanc

 

Signed:

 

Name:

 

Date:

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