Document:

Exhibit 10.31

Exhibit 10.31

Mr. Bernhard
W. Opitz 
[residential address omitted]

[residential
email and phone number omitted]

November 20, 2008

Dear Bernhard,

On behalf of our client, UNILIFE MEDICAL SOLUTIONS, LTD. (“UNILIFE” or the “Company”) and UNILIFE’s
Chief Executive Officer, Mr. Alan (“Alan”) D. Shortall, I am pleased to extend a formal offer to
you regarding the position of Senior Vice President, Operations of the Company.

Alan and I both know that your considerable stature in the LifeSciences industry coupled with your
experience, talent and enthusiasm will add immeasurably to the efforts of UNILIFE, especially
during the challenging months ahead. The entire Board of Directors and the senior management team
are truly excited to have you as part of the team. Unless noted otherwise, all amounts are stated
in US Dollars.

TITLE AND EFFECTIVE DATE OF EMPLOYMENT:

The formal effective date of this position is December 2, 2008, and if you accept this offer to
become the Senior Vice President, Operations, for all practical purposes you will begin as an
exempt employee on that day reporting directly to Alan.

SALARY:

Your salary for the remainder of the calendar year 2008, and for the entire calendar year 2009,
will be Seventeen Thousand Five Hundred and No Cents ($17,500.00) per month or Two Hundred Ten
Thousand Dollars and No Cents ($210,000.00) on an annual basis.

INCENTIVE BONUS PLAN:

As a senior executive you will be eligible to participate in the Company’s Incentive Bonus Plan in
amounts and percentages as determined by the Company’s Board of Directors. For the calendar years
ending December 31, 2008, and 2009, the potential cash bonus amount will be Five Thousand Two
Hundred Fifty Dollars and No Cents ($5,250.00) per month or Sixty-Three Thousand and No Cents
($63,000.00) on an annual basis. Hence, on a pro rata basis for the calendar year ending
December 31, 2008, recognizing your approximate One (1) month period of employment, you will be
eligible for Five Thousand Two Hundred Fifty Dollars and No Cents ($5,250.00). This bonus will be
discretionary, and may be 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
(“KPI’s”).

ONE PARK PLAZA, SIXTH FLOOR • IRVINE, CALIFORNIA 92614 • TEL: 949.553.8855 • WWW COELYNGROUP.COM

IRVINE • DALLAS • SAN DIEGO

 

 

 

Mr. Bernhard W. Opitz

November 20, 2008

Page 2 [40-08]

For the calendar year ending December 31, 2009 you will be eligible for the full potential cash
bonus of Sixty-Three Thousand Dollars and No Cents ($63,000.00).

Your 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, including the
requirement that you provide to the Company sufficient cash to satisfy the Company’s withholding
obligations with respect to any stock you receive.

Bonuses, if any are earned, are paid twice per year at June 30 and at December 31.

INCENTIVE STOCK OPTIONS:

As Senior Vice President, Operations, you will participate in the Company’s Incentive Stock Option
Plan. Subject to the Board of Directors’ approval and in compliance with applicable state and
Federal securities laws, upon commencement of employment, you will be granted Options to purchase
1,500,000 shares of common stock of the Company. Assuming you commence employment on December 2,
2008, the exercise price per share of all Incentive Stock Options granted, as set forth in this
letter, will be set at Australian Thirty-Three Cents (A$0.33) per share, the current fair market
value of the Company’s common stock.

Incentive Stock Options are subject to a Three (3) year vesting schedule, which is as follows:

Upon joining the Company 500,000 Incentive Stock Options will vest immediately.

At the end of One (1) full year of employment 500,000 Incentive Stock Options will vest.

At the end of your second full year of employment 500,000 Incentive Stock Options will vest.

Incentive Stock Options are exercisable until June 30, 2012. A copy of the Incentive Stock Option
Plan will be sent to you under separate cover.

 

 

 

Mr. Bernhard W. Opitz

November 20, 2008

Page 3 [40-08]

Based upon your individual performance, under the Incentive Stock Option Plan, you may also qualify
for additional grants of options to acquire common stock of the Company subject to determination by
the Board of Directors.

The Company will agree to defining a change of control as more than Thirty-Three Percent (33%) of
the then outstanding common stock becoming owned by a single entity. In such a change of control
situation all outstanding unvested Incentive Stock Options would immediately become fully vested if
there is a change in your position and/or responsibilities with the Company.

RELOCATION EXPENSES:

When appropriate and subject to prior approval, you will be reimbursed for all reasonable
relocation expenses, including real estate commissions incurred upon the sale of your existing
primary residence, house-hunting trips for you and your wife, moving and other out of pocket
expenses (other than home decorating expenses, differences in mortgage rates, differences in costs
of comparable housing, etc.), closing costs and fees including up to 1.5 mortgage points. The
Company will also reimburse you for temporary living expenses not to exceed six (6) months, unless
otherwise agreed to, during the relocation period.

The Company recognizes that these are very unusual times and that the sale of your primary
residence in Illinois may result in a loss. Should this occur the Company will work with you to
reach a fair and equitable outcome.

Recognizing current state and Federal income tax laws you will also be reimbursed on a “gross-up”
for the income tax effect of reimbursed relocation expenses.

OTHER BENEFITS:

You and your family will be eligible for the health and dental benefits provided by the Company,
subject to the underwriting requirements of the providers of those plans. The Company currently
utilizes Health Assurance as its provider of health and dental coverage. Copies of the plans will
be provided under separate cover.

Because you will not be eligible to participate in UNILIFE’s medical insurance until you have been
an employee for three (3) months the Company agrees to reimburse you for the COBRA insurance
including “gross-up” for the income tax effect of the reimbursement.

As Senior Vice President, Operations you will be entitled to Four (4) weeks of paid vacation per
year with no carry-over for unused vacation days or payment in lieu thereof.

 

 

 

Mr. Bernhard W. Opitz

November 20, 2008

Page 4 [40-08]

INDEMNIFICATION:

The Company agrees to provide you with indemnification equivalent to that provided to other senior
management and pursuant to the Company’s Directors and Officers insurance policies as in place from
time to time.

CONFIDENTIALITY AGREEMENT, ETC.:

Your employment, pursuant to this offer, is contingent upon your execution of UNILIFE’s standard
employee Confidential Information and Invention Assignment Agreement and completion of U.S.
Department of Justice Form I-9 (we understand that you are not a U.S. citizen, but that you are a
permanent resident). You should also be aware that, under advice of the Company’s legal counsel,
your employment with the Company is considered to be “at will.” This means that the Company has
the right to terminate your employment at any time with or without cause. As you know, while a
harsh statement, and certainly not directed at you with prejudice, this language has become
standard practice in business today as the result of pernicious litigation.

In the event you are terminated other than for cause or disability you will receive severance
compensation totaling Nine (9) months of base salary.

As a condition to receiving severance compensation, you will need to execute a general release of
claims against the Company and its officers, directors, agents and shareholders. Such general
release will not include rights to vested options or claims for any compensation earned (including,
without limitation, accrued vacation), or reimbursement of expenses incurred, through the date of
termination.

“Cause” will mean termination of your employment for any one or more of the following:
(i) habitual material neglect of your assigned duties (other than by reason of disability) or
habitual intentional refusal to perform your assigned duties (other than by reason of disability)
which continues uncured for 30 days following receipt of written notice of such deficiency or
“cause” event from the Chief Executive Officer, specifying in detail the scope and nature of the
deficiency or the “cause” event; (ii) an act of dishonesty intended to result in your gain or
personal enrichment; (iii) personally engaging in illegal conduct which causes material harm to the
reputation of the Company or its affiliates; (iv) committing a felony or gross misdemeanor directly
relating to, an act of dishonesty or fraud against, or a misappropriation of property belonging to,
the Company or its affiliates; (v) personally engaging in any act of moral turpitude that causes
material harm to the reputation of the Company; (vi) intentionally breaching in any material
respect the terms of any non-disclosure agreement with the Company; or (vii) commencement of
employment with another Company while an employee of the Company without the prior consent of the
Chief Executive Officer. Any determination of “Cause” as used herein will be made only in good
faith by the Chief Executive Officer.

 

 

 

Mr. Bernhard W. Opitz

November 20, 2008

Page 5 [40-08]

Any controversy, claim or dispute involving the parties (or their affiliated persons) directly or
indirectly concerning this Letter Agreement, or otherwise, 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 on
the parties to this Letter Agreement and their respective affiliates, and there shall be no appeal
there from other than from gross negligence or willful misconduct. The Company shall bear all
costs of the arbitrator in any action brought under this section. The parties hereto agree that
any action to compel arbitration pursuant to this Agreement may be brought in the appropriate
Pennsylvania court and in connection with such action to compel the laws of the State of
Pennsylvania 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.

Severance compensation will be paid in accordance with normal payroll procedures. If you are
re-employed at any time during the severance period all further severance compensation payments
shall immediately cease.

Bernhard, I hope this offer of employment with UNILIFE meets with your expectations and approval.
If it does, please indicate your acceptance of this offer of employment by returning a signed copy
of this letter to me at your earliest opportunity.

This offer is subject to the completion of our discussions with the references we’ve developed,
completion of a comprehensive background investigation, and verification of other information.
This offer, if not accepted or previously withdrawn, will expire at 05:00 PM, EST on Tuesday,
November 25, 2008.

 

 

 

If you have any questions or require amplification please call me. I look forward to hearing from
you soon.

Sincerely,

	 	 	 
	/s/ Ronald H. Coelyn
 

Ronald H. Coelyn

	 	 
	RHC:mn
	 	 

	 	 	 	 	 	 	 
	 

	 	Accepted by:
	 	/s/ Bernhard W. Opitz
 

Mr. Bernhard W. Opitz

	 	 
	 
	 	 	 	 	 	 
	 

	 	 	 	November 23, 2008
 

Date
	 	 

ONE PARK PLAZA, SIXTH FLOOR • IRVINE, CALIFORNIA 92614 • TEL: 949.553.8855 • WWW COELYNGROUP.COM

IRVINE • DALLAS • SAN DIEGOExhibit 10.32

Exhibit 10.32

					
	 	 	 	 	 
	 
	 	Consultancy Agreement
	 	 
	 	 	 	 	 
	 
	 	Unilife Medical Solutions Limited	 	 
	 
	 	Medical Middle East Ltd	 	 

 

 

 

Parties

Unilife Medical Solutions Limited ACN 008 071 403 of Suite 3, Level 11, 1 Chifley Square,
Sydney New South Wales 2000 (Company)

Medical Middle East Ltd whose postal address is at PO Box 112, Safat 13002, Kuwait
(Consultant)

Background

A The Consultant has provided the Services to the Company since the Commencement Date.

B The parties wish to confirm the terms on which the Consultant provides the Services to the
Company as 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 Company approves the appointment of the Initial Representative 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 A Representative may only be replaced by the Consultant with another suitable
representative with the prior written approval of the Company.

Acknowledgement by Representative

1.5 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 perform the Services in accordance
with all proper and legal instructions of the Company and with reasonable skill, care and due
diligence and must use its best endeavours to protect and further the interests of the Company.

Time devoted

2.2 The Consultant must serve the Company faithfully and well and must provide the Services
for a minimum of 144 hours per month as requested by the Company or as necessary for the provision
of the Services.

Consultant to maintain necessary Insurance

2.3 During the term of this Agreement, the Consultant must take out and maintain all necessary
insurances (including workers compensation) in relation to the Representative and in connection
with the provision of the Services by the Consultant.

Non compete

2.4 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.

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). The Fee is payable in advance on the first day of each calendar month.

Goods and services tax

3.2 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.

3.3 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.

 

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Consultant’s responsibility for taxes and other expenses

3.4 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.

3.5 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 law.

Payment not wages or salary

3.6 Payments made by the Company to the Consultant are not wages or salary.

3.7 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.

3.8 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 tax and other deductions
required by law and the Consultant indemnifies the Company in respect thereof.

3.9 The Consultant accepts full and exclusive responsibility for providing superannuation,
personal/care’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.

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.

 

3

 

Entitlement to Intellectual Property made during the Agreement

5.2 The Consultant must promptly inform the Company in writing of any Intellectual Property it
or the Representative makes or creates during the term of this Agreement, and of any information,
process, procedure, method or improvement it obtains, discovers, develops or makes during the term
of this Agreement, that affects or could affect the Company’s or any other member of the Group’s
business or any related business. The Company owns all of these things and the Consultant may not
use any of them even after the Agreement ends. The Consultant must cause and procure’ the
Representative to do the same.

Consultant’s indemnity

5.3 The Consultant indemnifies the Company and officers, employees and agents against any
claim, loss or expense of whatsoever nature arising directly or indirectly out of any breach of its
obligations under this Agreement or out of any negligence by the Consultant, the Representative or
anyone for whom the Consultant is responsible in connection with the provision of the Services.

Survival

5.4 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 from the
Commencement Date until the Termination 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 prior to or after the
Termination Date by giving 30 days written notice to the other party.

Termination for cause

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

 

4

 

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.

Holding out

7.3 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.

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 prior written consent of the other party. That consent may be given
or withheld at a party’s absolute discretion.

Entire Agreement

8.2 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

8.3 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.

Governing law and jurisdiction

8.4 This Agreement is governed 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.

Variation

8.5 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.

 

5

 

9 Detritions and interpretation

Definitions

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

Commencement Date means 1 September 2007.

Confidential Information means 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.

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

Group means the Company and each of its related bodies corporate (as defined in the
Corporations Act 2001 (Cth))

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 Eugene Shortall.

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.

Termination Date means 31 December 2009.

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.

 

6

 

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

9.2.4 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.

9.2.5 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.

9.2.6 A reference to dollars or $ means Australian dollars.

9.2.7 The schedules form part of this Agreement.

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

Execution
and 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/ Alan Shortall
	 	 	 	 	 	 
	
 

Signature of director
	 	 	 	 
Signature of director	 	 
	Name of director:

	 	Alan Shortall	 	Name of director:	 	 
	 
	 	 	 	 	 	 
	Executed by Medical Middle East Ltd acting by the
following persons or if the seal affixed, witnessed
by the following persons:
	 	 	 	 	 	 
	 
	 	 	 	 	 	 
	

	/s/ Waddah Behbehani 

Signature of director

	 	 	 	 	 	 
	

	 
	 	 	 	 	 	 
	

	Waddah Behbehani 

Name of director: Waddah Behbehani

	 	 	 	 	 	 
	

 

7

 

Schedule 1

Services to be provided:

Directing the activities of the project cross functional members, ensuring that the
deliverables defined for each function within the project plan meet the scheduled timelines and
output for the life of the project.

Directing the activities of the project cross functional members, ensuring that the
deliverables defined for each function within the project plan meet the scheduled timelines and
outputs for the life of the project.

Analyzing, developing and maintaining a project resource plan to support all phases of design
and development through to project handover.

Analyzing, developing and maintaining a project resource plan to support all phases of design
and development through to project handover.

Maintaining accurate records of the project management activities and deliverables in
compliance with the Unilife Quality Management System and related procedures.

Coordinating and documenting outcomes of all project cross functional meetings.

Identifying, establishing and managing business and commercial relationships with existing
and/or new or potential OEM partners, suppliers and customers.

Ensuring that all key deliverables have been met and the coordination of the team inputs to
facilitate successful project phase gate transition.

Management reporting to the CEO and Board of Directors as required.

 

S-1

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