Document:

Form of Indemnification Agreement

 Exhibit 10.15 
 AUDEO ONCOLOGY, INC. 
 INDEMNIFICATION AGREEMENT 

This Indemnification Agreement (this “Agreement”) is dated as of [insert date], and is between Audeo
Oncology, Inc., a Delaware corporation (the “Company”), and [insert name of indemnitee] (“Indemnitee”). 
 RECITALS 
 A. Indemnitee’s service to the Company substantially
benefits the Company. 
 B. Individuals are reluctant to serve as directors or officers of corporations or in certain other
capacities unless they are provided with adequate protection through insurance or indemnification against the risks of claims and actions against them arising out of such service. 

C. Indemnitee does not regard the protection currently provided by applicable law, the Company’s governing documents and any
insurance as adequate under the present circumstances, and Indemnitee may not be willing to serve as a director or officer without additional protection. 
 D. In order to induce Indemnitee to continue to provide services to the Company, it is reasonable, prudent and necessary for the Company to contractually obligate itself to indemnify, and to advance
expenses on behalf of, Indemnitee as permitted by applicable law. 
 E. This Agreement is a supplement to and in furtherance of
the indemnification provided in the Company’s certificate of incorporation and bylaws, and any resolutions adopted pursuant thereto, and this Agreement shall not be deemed a substitute therefor, nor shall this Agreement be deemed to limit,
diminish or abrogate any rights of Indemnitee thereunder. 
 The parties therefore agree as follows: 

1. Definitions.  
 (a) A “Change in Control” shall be deemed to occur upon the earliest to occur after the date of this Agreement of any of the following events: 

(i) Acquisition of Stock by Third Party. Any Person (as defined below) is or becomes the Beneficial Owner (as defined below),
directly or indirectly, of securities of the Company representing twenty percent (20%) or more of the combined voting power of the Company’s then outstanding securities; 

(ii) Change in Board Composition. During any period of two consecutive years (not including any period prior to the execution of
this Agreement), individuals who at the beginning of such period constitute the Company’s board of directors, and any new directors (other than a director designated by a person who has entered into an agreement with the Company to effect a
transaction described in Sections 1(a)(i), 1(a)(iii) or 1(a)(iv)) whose election by the board of directors or nomination for election by the Company’s stockholders was approved by a vote of at least two-thirds of the directors then still
in office who either were directors at the beginning of the period or whose election or nomination for election was previously 

 
so approved, cease for any reason to constitute at least a majority of the members of the Company’s board of directors; 

(iii) Corporate Transactions. The effective date of a merger or consolidation of the Company with any other entity, other than a
merger or consolidation which would result in the voting securities of the Company outstanding immediately prior to such merger or consolidation continuing to represent (either by remaining outstanding or by being converted into voting securities of
the surviving entity) more than 50% of the combined voting power of the voting securities of the surviving entity outstanding immediately after such merger or consolidation and with the power to elect at least a majority of the board of directors or
other governing body of such surviving entity; 
 (iv) Liquidation. The approval by the stockholders of the Company of a
complete liquidation of the Company or an agreement for the sale or disposition by the Company of all or substantially all of the Company’s assets; and 
 (v) Other Events. Any other event of a nature that would be required to be reported in response to Item 6(e) of Schedule 14A of Regulation 14A (or in response to any similar item on any
similar schedule or form) promulgated under the Securities Exchange Act of 1934, as amended, whether or not the Company is then subject to such reporting requirement. 
 For purposes of this Section 1(a), the following terms shall have the following meanings: 
 (1) “Person” shall have the meaning as set forth in Sections 13(d) and 14(d) of the Securities Exchange Act of 1934, as amended; provided, however, that
“Person” shall exclude (i) the Company, (ii) any trustee or other fiduciary holding securities under an employee benefit plan of the Company, and (iii) any corporation owned, directly or indirectly, by the
stockholders of the Company in substantially the same proportions as their ownership of stock of the Company. 
 (2)
“Beneficial Owner” shall have the meaning given to such term in Rule 13d-3 under the Securities Exchange Act of 1934, as amended; provided, however, that “Beneficial Owner” shall exclude
any Person otherwise becoming a Beneficial Owner by reason of (i) the stockholders of the Company approving a merger of the Company with another entity or (ii) the Company’s board of directors approving a sale of securities by the
Company to such Person. 
 (b) “Corporate Status” describes the status of a person who is or was a
director, trustee, general partner, managing member, officer, employee, agent or fiduciary of the Company or any other Enterprise. 
 (c) “DGCL” means the General Corporation Law of the State of Delaware. 
 (d) “Disinterested Director” means a director of the Company who is not and was not a party to the Proceeding in respect of which indemnification is sought by Indemnitee.

 (e) “Enterprise” means the Company and any other corporation, partnership, limited liability company,
joint venture, trust, employee benefit plan or other enterprise of which Indemnitee is or was serving at the request of the Company as a director, trustee, general partner, managing member, officer, employee, agent or fiduciary. 

  
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 (f) “Expenses” include all reasonable attorneys’ fees,
retainers, court costs, transcript costs, fees and costs of experts, witness fees, travel expenses, duplicating costs, printing and binding costs, telephone charges, postage, delivery service fees, and all other disbursements or expenses of the
types customarily incurred in connection with prosecuting, defending, preparing to prosecute or defend, investigating, being or preparing to be a witness in, or otherwise participating in, a Proceeding. Expenses also include (i) Expenses
incurred in connection with any appeal resulting from any Proceeding, including without limitation the premium, security for, and other costs relating to any cost bond, supersedeas bond or other appeal bond or their equivalent, and (ii) for
purposes of Section 12(d), Expenses incurred by Indemnitee in connection with the interpretation, enforcement or defense of Indemnitee’s rights under this Agreement or under any directors’ and officers’ liability insurance
policies maintained by the Company. Expenses, however, shall not include amounts paid in settlement by Indemnitee or the amount of judgments or fines against Indemnitee. 
 (g) “Independent Counsel” means a law firm, or a partner or member of a law firm, that is experienced in matters of corporation law and neither presently is, nor in the past five
years has been, retained to represent (i) the Company or Indemnitee in any matter material to either such party (other than as Independent Counsel with respect to matters concerning Indemnitee under this Agreement, or other indemnitees under
similar indemnification agreements), or (ii) any other party to the Proceeding giving rise to a claim for indemnification hereunder. Notwithstanding the foregoing, the term “Independent Counsel” shall not include any
person who, under the applicable standards of professional conduct then prevailing, would have a conflict of interest in representing either the Company or Indemnitee in an action to determine Indemnitee’s rights under this Agreement.

 (h) “Proceeding” means any threatened, pending or completed action, suit, arbitration, mediation,
alternate dispute resolution mechanism, investigation, inquiry, administrative hearing or proceeding, whether brought in the right of the Company or otherwise and whether of a civil, criminal, administrative or investigative nature, including any
appeal therefrom and including without limitation any such Proceeding pending as of the date of this Agreement, in which Indemnitee was, is or will be involved as a party, a potential party, a non-party witness or otherwise by reason of (i) the
fact that Indemnitee is or was a director or officer of the Company, (ii) any action taken by Indemnitee or any action or inaction on Indemnitee’s part while acting as a director or officer of the Company, or (iii) the fact that he or
she is or was serving at the request of the Company as a director, trustee, general partner, managing member, officer, employee, agent or fiduciary of the Company or any other Enterprise, in each case whether or not serving in such capacity at the
time any liability or Expense is incurred for which indemnification or advancement of expenses can be provided under this Agreement. 
 (i) Reference to “other enterprises” shall include employee benefit plans; references to “fines” shall include any excise taxes assessed on a person with
respect to any employee benefit plan; references to “serving at the request of the Company” shall include any service as a director, officer, employee or agent of the Company which imposes duties on, or involves services by,
such director, officer, employee or agent with respect to an employee benefit plan, its participants or beneficiaries; and a person who acted in good faith and in a manner he or she reasonably believed to be in the best interests of the participants
and beneficiaries of an employee benefit plan shall be deemed to have acted in a manner “not opposed to the best interests of the Company” as referred to in this Agreement. 

2. Indemnity in Third-Party Proceedings. The Company shall indemnify Indemnitee in accordance with the provisions of this
Section 2 if Indemnitee is, or is threatened to be made, a party to or a participant in any Proceeding, other than a Proceeding by or in the right of the Company to procure a judgment 

  
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in its favor. Pursuant to this Section 2, Indemnitee shall be indemnified to the fullest extent permitted by applicable law against all Expenses, judgments, fines and amounts paid in
settlement actually and reasonably incurred by Indemnitee or on his or her behalf in connection with such Proceeding or any claim, issue or matter therein, if Indemnitee acted in good faith and in a manner he or she reasonably believed to be in or
not opposed to the best interests of the Company and, with respect to any criminal action or proceeding, had no reasonable cause to believe that his or her conduct was unlawful. 

3. Indemnity in Proceedings by or in the Right of the Company. The Company shall indemnify Indemnitee in accordance with the
provisions of this Section 3 if Indemnitee is, or is threatened to be made, a party to or a participant in any Proceeding by or in the right of the Company to procure a judgment in its favor. Pursuant to this Section 3, Indemnitee shall be
indemnified to the fullest extent permitted by applicable law against all Expenses actually and reasonably incurred by Indemnitee or on Indemnitee’s behalf in connection with such Proceeding or any claim, issue or matter therein, if Indemnitee
acted in good faith and in a manner he or she reasonably believed to be in or not opposed to the best interests of the Company. No indemnification for Expenses shall be made under this Section 3 in respect of any claim, issue or matter as to
which Indemnitee shall have been adjudged by a court of competent jurisdiction to be liable to the Company, unless and only to the extent that the Delaware Court of Chancery or any court in which the Proceeding was brought shall determine upon
application that, despite the adjudication of liability but in view of all the circumstances of the case, Indemnitee is fairly and reasonably entitled to indemnification for such expenses as the Delaware Court of Chancery or such other court shall
deem proper. 
 4. Indemnification for Expenses of a Party Who is Wholly or Partly Successful. To the extent that
Indemnitee is a party to or a participant in and is successful (on the merits or otherwise) in defense of any Proceeding or any claim, issue or matter therein, the Company shall indemnify Indemnitee against all Expenses actually and reasonably
incurred by Indemnitee or on Indemnitee’s behalf in connection therewith. To the extent permitted by applicable law, if Indemnitee is not wholly successful in such Proceeding but is successful, on the merits or otherwise, in defense of one or
more but less than all claims, issues or matters in such Proceeding, the Company shall indemnify Indemnitee against all Expenses actually and reasonably incurred by Indemnitee or on Indemnitee’s behalf in connection with (a) each
successfully resolved claim, issue or matter and (b) any claim, issue or matter related to any such successfully resolved claim, issue or matter. For purposes of this section, the termination of any claim, issue or matter in such a Proceeding
by dismissal, with or without prejudice, shall be deemed to be a successful result as to such claim, issue or matter. 
 5.
Indemnification for Expenses of a Witness. To the extent that Indemnitee is, by reason of his or her Corporate Status, a witness in any Proceeding to which Indemnitee is not a party, Indemnitee shall be indemnified to the extent permitted by
applicable law against all Expenses actually and reasonably incurred by Indemnitee or on Indemnitee’s behalf in connection therewith. 
 6. Additional Indemnification. 
 (a) Notwithstanding any limitation in
Sections 2, 3 or 4, the Company shall indemnify Indemnitee to the fullest extent permitted by applicable law if Indemnitee is, or is threatened to be made, a party to or a participant in any Proceeding (including a Proceeding by or in the right
of the Company to procure a judgment in its favor) against all Expenses, judgments, fines and amounts paid in settlement actually and reasonably incurred by Indemnitee or on his or her behalf in connection with the Proceeding or any claim, issue or
matter therein. 

  
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 (b) For purposes of Section 6(a), the meaning of the phrase “to the fullest
extent permitted by applicable law” shall include, but not be limited to: 
 (i) the fullest extent permitted by
the provision of the DGCL that authorizes or contemplates additional indemnification by agreement, or the corresponding provision of any amendment to or replacement of the DGCL; and 

(ii) the fullest extent authorized or permitted by any amendments to or replacements of the DGCL adopted after the date of this
Agreement that increase the extent to which a corporation may indemnify its officers and directors. 
 7. Exclusions.
Notwithstanding any provision in this Agreement, the Company shall not be obligated under this Agreement to make any indemnity in connection with any Proceeding (or any part of any Proceeding): 

(a) for which payment has actually been made to or on behalf of Indemnitee under any statute, insurance policy, indemnity provision, vote
or otherwise, except with respect to any excess beyond the amount paid; 
 (b) for an accounting or disgorgement of profits
pursuant to Section 16(b) of the Securities Exchange Act of 1934, as amended, or similar provisions of federal, state or local statutory law or common law, if Indemnitee is held liable therefor (including pursuant to any settlement
arrangements); 
 (c) for any reimbursement of the Company by Indemnitee of any bonus or other incentive-based or equity-based
compensation or of any profits realized by Indemnitee from the sale of securities of the Company, as required in each case under the Securities Exchange Act of 1934, as amended (including any such reimbursements that arise from an accounting
restatement of the Company pursuant to Section 304 of the Sarbanes-Oxley Act of 2002 (the “Sarbanes-Oxley Act”), or the payment to the Company of profits arising from the purchase and sale by Indemnitee of securities in
violation of Section 306 of the Sarbanes-Oxley Act), if Indemnitee is held liable therefor (including pursuant to any settlement arrangements); 
 (d) initiated by Indemnitee, including any Proceeding (or any part of any Proceeding) initiated by Indemnitee against the Company or its directors, officers, employees, agents or other indemnitees, unless
(i) the Company’s board of directors authorized the Proceeding (or the relevant part of the Proceeding) prior to its initiation, (ii) the Company provides the indemnification, in its sole discretion, pursuant to the powers vested in
the Company under applicable law, (iii) otherwise authorized in Section 12(d) or (iv) otherwise required by applicable law; or 
 (e) if prohibited by applicable law. 
 8. Advances of Expenses. The Company
shall advance the Expenses incurred by Indemnitee in connection with any Proceeding, and such advancement shall be made as soon as reasonably practicable, but in any event no later than 60 days, after the receipt by the Company of a written
statement or statements requesting such advances from time to time (which shall include invoices received by Indemnitee in connection with such Expenses but, in the case of invoices in connection with legal services, any references to legal work
performed or to expenditure made that would cause Indemnitee to waive any privilege accorded by applicable law shall not be included with the invoice). Advances shall be unsecured and interest free and made without regard to Indemnitee’s
ability to repay such advances. Indemnitee hereby undertakes to repay any 

  
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advance to the extent that it is ultimately determined that Indemnitee is not entitled to be indemnified by the Company. This Section 8 shall not apply to the extent advancement is
prohibited by law and shall not apply to any Proceeding for which indemnity is not permitted under this Agreement, but shall apply to any Proceeding referenced in Section 7(b) or 7(c) prior to a determination that Indemnitee is not entitled to
be indemnified by the Company. 
 9. Procedures for Notification and Defense of Claim. 

(a) Indemnitee shall notify the Company in writing of any matter with respect to which Indemnitee intends to seek indemnification or
advancement of Expenses as soon as reasonably practicable following the receipt by Indemnitee of notice thereof. The written notification to the Company shall include, in reasonable detail, a description of the nature of the Proceeding and the facts
underlying the Proceeding. The failure by Indemnitee to notify the Company will not relieve the Company from any liability which it may have to Indemnitee hereunder or otherwise than under this Agreement, and any delay in so notifying the Company
shall not constitute a waiver by Indemnitee of any rights, except to the extent that such failure or delay materially prejudices the Company. 
 (b) If, at the time of the receipt of a notice of a Proceeding pursuant to the terms hereof, the Company has directors’ and officers’ liability insurance in effect, the Company shall give prompt
notice of the commencement of the Proceeding to the insurers in accordance with the procedures set forth in the applicable policies. The Company shall thereafter take all commercially-reasonable action to cause such insurers to pay, on behalf of
Indemnitee, all amounts payable as a result of such Proceeding in accordance with the terms of such policies. 
 (c) In the
event the Company may be obligated to make any indemnity in connection with a Proceeding, the Company shall be entitled to assume the defense of such Proceeding with counsel approved by Indemnitee, which approval shall not be unreasonably withheld,
upon the delivery to Indemnitee of written notice of its election to do so. After delivery of such notice, approval of such counsel by Indemnitee and the retention of such counsel by the Company, the Company will not be liable to Indemnitee for any
fees or expenses of counsel subsequently incurred by Indemnitee with respect to the same Proceeding. Notwithstanding the Company’s assumption of the defense of any such Proceeding, the Company shall be obligated to pay the fees and expenses of
Indemnitee’s counsel to the extent (i) the employment of counsel by Indemnitee is authorized by the Company, (ii) counsel for the Company or Indemnitee shall have reasonably concluded that there is a conflict of interest between the
Company and Indemnitee in the conduct of any such defense such that Indemnitee needs to be separately represented, (iii) the fees and expenses are non-duplicative and reasonably incurred in connection with Indemnitee’s role in the
Proceeding despite the Company’s assumption of the defense, (iv) the Company is not financially or legally able to perform its indemnification obligations or (v) the Company shall not have retained, or shall not continue to retain,
such counsel to defend such Proceeding. The Company shall have the right to conduct such defense as it sees fit in its sole discretion. Regardless of any provision in this Agreement, Indemnitee shall have the right to employ counsel in any
Proceeding at Indemnitee’s personal expense. The Company shall not be entitled, without the consent of Indemnitee, to assume the defense of any claim brought by or in the right of the Company. 

(d) Indemnitee shall give the Company such information and cooperation in connection with the Proceeding as may be reasonably
appropriate. 

  
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 (e) The Company shall not be liable to indemnify Indemnitee for any settlement of any
Proceeding (or any part thereof) without the Company’s prior written consent, which shall not be unreasonably withheld. 

(f) The Company shall have the right to settle any Proceeding (or any part thereof) without the consent of Indemnitee. 

10. Procedures upon Application for Indemnification.  
 (a) To obtain indemnification, Indemnitee shall submit to the Company a written request, including therein or therewith such documentation and information as is reasonably available to Indemnitee and as
is reasonably necessary to determine whether and to what extent Indemnitee is entitled to indemnification following the final disposition of the Proceeding. The Company shall, as soon as reasonably practicable after receipt of such a request for
indemnification, advise the board of directors that Indemnitee has requested indemnification. Any delay in providing the request will not relieve the Company from its obligations under this Agreement, except to the extent such failure is
prejudicial. 
 (b) Upon written request by Indemnitee for indemnification pursuant to Section 10(a), a determination with
respect to Indemnitee’s entitlement thereto shall be made in the specific case (i) if a Change in Control shall have occurred, by Independent Counsel in a written opinion to the Company’s board of directors, a copy of which shall be
delivered to Indemnitee or (ii) if a Change in Control shall not have occurred, (A) by a majority vote of the Disinterested Directors, even though less than a quorum of the Company’s board of directors, (B) by a committee of
Disinterested Directors designated by a majority vote of the Disinterested Directors, even though less than a quorum of the Company’s board of directors, (C) if there are no such Disinterested Directors or, if such Disinterested Directors
so direct, by Independent Counsel in a written opinion to the Company’s board of directors, a copy of which shall be delivered to Indemnitee or (D) if so directed by the Company’s board of directors, by the stockholders of the
Company. If it is determined that Indemnitee is entitled to indemnification, payment to Indemnitee shall be made within ten days after such determination. Indemnitee shall cooperate with the person, persons or entity making the determination with
respect to Indemnitee’s entitlement to indemnification, including providing to such person, persons or entity upon reasonable advance request any documentation or information that is not privileged or otherwise protected from disclosure and
that is reasonably available to Indemnitee and reasonably necessary to such determination. Any costs or expenses (including attorneys’ fees and disbursements) reasonably incurred by Indemnitee in so cooperating with the person, persons or
entity making such determination shall be borne by the Company, to the extent permitted by applicable law. 
 (c) In the event
the determination of entitlement to indemnification is to be made by Independent Counsel pursuant to Section 10(b), the Independent Counsel shall be selected as provided in this Section 10(c). If a Change in Control shall not have
occurred, the Independent Counsel shall be selected by the Company’s board of directors, and the Company shall give written notice to Indemnitee advising him or her of the identity of the Independent Counsel so selected. If a Change in Control
shall have occurred, the Independent Counsel shall be selected by Indemnitee (unless Indemnitee shall request that such selection be made by the Company’s board of directors, in which event the preceding sentence shall apply), and Indemnitee
shall give written notice to the Company advising it of the identity of the Independent Counsel so selected. In either event, Indemnitee or the Company, as the case may be, may, within ten days after such written notice of selection shall have been
given, deliver to the Company or to Indemnitee, as the case may be, a written objection to such selection; provided, however, that such objection may be asserted only on the ground that the Independent Counsel so selected does not meet
the requirements of “Independent Counsel” as defined in 

  
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Section 1 of this Agreement, and the objection shall set forth with particularity the factual basis of such assertion. Absent a proper and timely objection, the person so selected shall act
as Independent Counsel. If such written objection is so made and substantiated, the Independent Counsel so selected may not serve as Independent Counsel unless and until such objection is withdrawn or a court has determined that such objection is
without merit. If, within 20 days after the later of (i) submission by Indemnitee of a written request for indemnification pursuant to Section 10(a) hereof and (ii) the final disposition of the Proceeding, the parties have not agreed
upon an Independent Counsel, either the Company or Indemnitee may petition a court of competent jurisdiction for resolution of any objection which shall have been made by the Company or Indemnitee to the other’s selection of Independent Counsel
and for the appointment as Independent Counsel of a person selected by the court or by such other person as the court shall designate, and the person with respect to whom all objections are so resolved or the person so appointed shall act as
Independent Counsel under Section 10(b) hereof. Upon the due commencement of any judicial proceeding or arbitration pursuant to Section 12(a) of this Agreement, the Independent Counsel shall be discharged and relieved of any further
responsibility in such capacity (subject to the applicable standards of professional conduct then prevailing). 
 (d) The
Company agrees to pay the reasonable fees and expenses of any Independent Counsel and to fully indemnify such counsel against any and all Expenses, claims, liabilities and damages arising out of or relating to this Agreement or its engagement
pursuant hereto. 
 11. Presumptions and Effect of Certain Proceedings. 

(a) In making a determination with respect to entitlement to indemnification hereunder, the person, persons or entity making such
determination shall, to the fullest extent not prohibited by law, presume that Indemnitee is entitled to indemnification under this Agreement if Indemnitee has submitted a request for indemnification in accordance with Section 10(a) of this
Agreement, and the Company shall, to the fullest extent not prohibited by law, have the burden of proof to overcome that presumption in connection with the making by such person, persons or entity of any determination contrary to that presumption.

 (b) The termination of any Proceeding or of any claim, issue or matter therein, by judgment, order, settlement or conviction,
or upon a plea of nolo contendere or its equivalent, shall not (except as otherwise expressly provided in this Agreement) of itself adversely affect the right of Indemnitee to indemnification or create a presumption that Indemnitee did not
act in good faith and in a manner which he or she reasonably believed to be in or not opposed to the best interests of the Company or, with respect to any criminal Proceeding, that Indemnitee had reasonable cause to believe that his or her conduct
was unlawful. 
 (c) For purposes of any determination of good faith, Indemnitee shall be deemed to have acted in good faith to
the extent Indemnitee relied in good faith on (i) the records or books of account of the Enterprise, including financial statements, (ii) information supplied to Indemnitee by the officers of the Enterprise in the course of their duties,
(iii) the advice of legal counsel for the Enterprise or its board of directors or counsel selected by any committee of the board of directors or (iv) information or records given or reports made to the Enterprise by an independent
certified public accountant, an appraiser, investment banker or other expert selected with reasonable care by the Enterprise or its board of directors or any committee of the board of directors. The provisions of this Section 11(c) shall not be
deemed to be exclusive or to limit in any way the other circumstances in which Indemnitee may be deemed to have met the applicable standard of conduct set forth in this Agreement. 

  
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 (d) Neither the knowledge, actions nor failure to act of any other director, officer, agent
or employee of the Enterprise shall be imputed to Indemnitee for purposes of determining the right to indemnification under this Agreement. 
 12. Remedies of Indemnitee. 
 (a) Subject to Section 12(e), in the
event that (i) a determination is made pursuant to Section 10 of this Agreement that Indemnitee is not entitled to indemnification under this Agreement, (ii) advancement of Expenses is not timely made pursuant to Section 8 or
12(d) of this Agreement, (iii) no determination of entitlement to indemnification shall have been made pursuant to Section 10 of this Agreement within 90 days after the later of the receipt by the Company of the request for indemnification
or the final disposition of the Proceeding, (iv) payment of indemnification pursuant to this Agreement is not made (A) within ten days after a determination has been made that Indemnitee is entitled to indemnification or (B) with
respect to indemnification pursuant to Sections 4, 5 and 12(d) of this Agreement, within 30 days after receipt by the Company of a written request therefor, or (v) the Company or any other person or entity takes or threatens to take any
action to declare this Agreement void or unenforceable, or institutes any litigation or other action or proceeding designed to deny, or to recover from, Indemnitee the benefits provided or intended to be provided to Indemnitee hereunder, Indemnitee
shall be entitled to an adjudication by a court of competent jurisdiction of his or her entitlement to such indemnification or advancement of Expenses. Alternatively, Indemnitee, at his or her option, may seek an award in arbitration with respect to
his or her entitlement to such indemnification or advancement of Expenses, to be conducted by a single arbitrator pursuant to the Commercial Arbitration Rules of the American Arbitration Association. Indemnitee shall commence such proceeding seeking
an adjudication or an award in arbitration within one year following the date on which Indemnitee first has the right to commence such proceeding pursuant to this Section 12(a); provided, however, that the foregoing clause shall not
apply in respect of a proceeding brought by Indemnitee to enforce his or her rights under Section 4 of this Agreement. The Company shall not oppose Indemnitee’s right to seek any such adjudication or award in arbitration in accordance with
this Agreement. 
 (b) Neither (i) the failure of the Company, its board of directors, any committee or subgroup of the
board of directors, Independent Counsel or stockholders to have made a determination that indemnification of Indemnitee is proper in the circumstances because Indemnitee has met the applicable standard of conduct, nor (ii) an actual
determination by the Company, its board of directors, any committee or subgroup of the board of directors, Independent Counsel or stockholders that Indemnitee has not met the applicable standard of conduct, shall be a defense to the action or create
a presumption that Indemnitee has or has not met the applicable standard of conduct. In the event that a determination shall have been made pursuant to Section 10 of this Agreement that Indemnitee is not entitled to indemnification, any
judicial proceeding or arbitration commenced pursuant to this Section 12 shall be conducted in all respects as a de novo trial, or arbitration, on the merits, and Indemnitee shall not be prejudiced by reason of that adverse
determination. In any judicial proceeding or arbitration commenced pursuant to this Section 12, the Company shall, to the fullest extent not prohibited by law, have the burden of proving Indemnitee is not entitled to indemnification or
advancement of Expenses, as the case may be. 
 (c) To the fullest extent not prohibited by law, the Company shall be precluded
from asserting in any judicial proceeding or arbitration commenced pursuant to this Section 12 that the procedures and presumptions of this Agreement are not valid, binding and enforceable and shall stipulate in any such court or before any
such arbitrator that the Company is bound by all the provisions of this Agreement. If a determination shall have been made pursuant to Section 10 of this Agreement that Indemnitee is entitled to indemnification, the Company shall be bound by
such determination in any judicial proceeding or arbitration 

  
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commenced pursuant to this Section 12, absent (i) a misstatement by Indemnitee of a material fact, or an omission of a material fact necessary to make Indemnitee’s statements not
materially misleading, in connection with the request for indemnification, or (ii) a prohibition of such indemnification under applicable law. 
 (d) To the extent not prohibited by law, the Company shall indemnify Indemnitee against all Expenses that are incurred by Indemnitee in connection with any action for indemnification or advancement of
Expenses from the Company under this Agreement or under any directors’ and officers’ liability insurance policies maintained by the Company to the extent Indemnitee is successful in such action, and, if requested by Indemnitee, shall (as
soon as reasonably practicable, but in any event no later than 60 days, after receipt by the Company of a written request therefor) advance such Expenses to Indemnitee, subject to the provisions of Section 8. 

(e) Notwithstanding anything in this Agreement to the contrary, no determination as to entitlement to indemnification shall be required
to be made prior to the final disposition of the Proceeding. 
 13. Contribution. To the fullest extent permissible under
applicable law, if the indemnification provided for in this Agreement is unavailable to Indemnitee, the Company, in lieu of indemnifying Indemnitee, shall contribute to the amounts incurred by Indemnitee, whether for Expenses, judgments, fines or
amounts paid or to be paid in settlement, in connection with any claim relating to an indemnifiable event under this Agreement, in such proportion as is deemed fair and reasonable in light of all of the circumstances of such Proceeding in order to
reflect (i) the relative benefits received by the Company and Indemnitee as a result of the events and transactions giving rise to such Proceeding; and (ii) the relative fault of Indemnitee and the Company (and its other directors,
officers, employees and agents) in connection with such events and transactions. 
 14. Non-exclusivity. The rights of
indemnification and to receive advancement of Expenses as provided by this Agreement shall not be deemed exclusive of any other rights to which Indemnitee may at any time be entitled under applicable law, the Company’s certificate of
incorporation or bylaws, any agreement, a vote of stockholders or a resolution of directors, or otherwise. To the extent that a change in Delaware law, whether by statute or judicial decision, permits greater indemnification or advancement of
Expenses than would be afforded currently under the Company’s certificate of incorporation and bylaws and this Agreement, it is the intent of the parties hereto that Indemnitee shall enjoy by this Agreement the greater benefits so afforded by
such change, subject to the restrictions expressly set forth herein or therein. Except as expressly set forth herein, no right or remedy herein conferred is intended to be exclusive of any other right or remedy, and every other right and remedy
shall be cumulative and in addition to every other right and remedy given hereunder or now or hereafter existing at law or in equity or otherwise. Except as expressly set forth herein, the assertion or employment of any right or remedy hereunder, or
otherwise, shall not prevent the concurrent assertion or employment of any other right or remedy. 
 15. No Duplication of
Payments. The Company shall not be liable under this Agreement to make any payment of amounts otherwise indemnifiable hereunder (or for which advancement is provided hereunder) if and to the extent that Indemnitee has otherwise actually received
payment for such amounts under any insurance policy, contract, agreement or otherwise. 
 16. Insurance. To the extent
that the Company maintains an insurance policy or policies providing liability insurance for directors, trustees, general partners, managing members, officers, employees, agents or fiduciaries of the Company or any other Enterprise, Indemnitee shall
be covered by such policy or 

  
 -10-

 
policies to the same extent as the most favorably-insured persons under such policy or policies in a comparable position. 
 17. Subrogation. In the event of any payment under this Agreement, the Company shall be subrogated to the extent of such payment to all of the rights of recovery of Indemnitee, who shall execute
all papers required and take all action necessary to secure such rights, including execution of such documents as are necessary to enable the Company to bring suit to enforce such rights. 

18. Services to the Company. Indemnitee agrees to serve as a director or officer of the Company or, at the request of the Company,
as a director, trustee, general partner, managing member, officer, employee, agent or fiduciary of another Enterprise, for so long as Indemnitee is duly elected or appointed or until Indemnitee tenders his or her resignation or is removed from such
position. Indemnitee may at any time and for any reason resign from such position (subject to any other contractual obligation or any obligation imposed by operation of law), in which event the Company shall have no obligation under this Agreement
to continue Indemnitee in such position. This Agreement shall not be deemed an employment contract between the Company (or any of its subsidiaries or any Enterprise) and Indemnitee. Indemnitee specifically acknowledges that any employment with the
Company (or any of its subsidiaries or any Enterprise) is at will, and Indemnitee may be discharged at any time for any reason, with or without cause, with or without notice, except as may be otherwise expressly provided in any executed, written
employment contract between Indemnitee and the Company (or any of its subsidiaries or any Enterprise), any existing formal severance policies adopted by the Company’s board of directors or, with respect to service as a director or officer of
the Company, the Company’s certificate of incorporation or bylaws or the DGCL. No such document shall be subject to any oral modification thereof. 
 19. Duration. This Agreement shall continue until and terminate upon the later of (a) ten years after the date that Indemnitee shall have ceased to serve as a director or officer of the
Company or as a director, trustee, general partner, managing member, officer, employee, agent or fiduciary of any other Enterprise, as applicable; or (b) one year after the final termination of any Proceeding, including any appeal, then pending
in respect of which Indemnitee is granted rights of indemnification or advancement of Expenses hereunder and of any proceeding commenced by Indemnitee pursuant to Section 12 of this Agreement relating thereto. 

20. Successors. This Agreement shall be binding upon the Company and its successors and assigns, including any direct or indirect
successor by purchase, merger, consolidation or otherwise to all or substantially all of the business or assets of the Company, and shall inure to the benefit of Indemnitee and Indemnitee’s heirs, executors and administrators. The Company shall
require and cause any successor (whether direct or indirect by purchase, merger, consolidation or otherwise) to all or substantially all of the business or assets of the Company, by written agreement, expressly to assume and agree to perform this
Agreement in the same manner and to the same extent that the Company would be required to perform if no such succession had taken place. 
 21. Severability. Nothing in this Agreement is intended to require or shall be construed as requiring the Company to do or fail to do any act in violation of applicable law. The Company’s
inability, pursuant to court order or other applicable law, to perform its obligations under this Agreement shall not constitute a breach of this Agreement. If any provision or provisions of this Agreement shall be held to be invalid, illegal or
unenforceable for any reason whatsoever: (i) the validity, legality and enforceability of the remaining provisions of this Agreement (including without limitation, each portion of any section of this Agreement containing any such provision held
to be invalid, illegal or unenforceable, that is not itself invalid, 

  
 -11-

 
illegal or unenforceable) shall not in any way be affected or impaired thereby and shall remain enforceable to the fullest extent permitted by law; (ii) such provision or provisions shall be
deemed reformed to the extent necessary to conform to applicable law and to give the maximum effect to the intent of the parties hereto; and (iii) to the fullest extent possible, the provisions of this Agreement (including, without limitation,
each portion of any section of this Agreement containing any such provision held to be invalid, illegal or unenforceable, that is not itself invalid, illegal or unenforceable) shall be construed so as to give effect to the intent manifested thereby.

 22. Enforcement. The Company expressly confirms and agrees that it has entered into this Agreement and assumed the
obligations imposed on it hereby in order to induce Indemnitee to serve as a director or officer of the Company, and the Company acknowledges that Indemnitee is relying upon this Agreement in serving as a director or officer of the Company.

 23. Entire Agreement. This Agreement constitutes the entire agreement between the parties hereto with respect to the
subject matter hereof and supersedes all prior agreements and understandings, oral, written and implied, between the parties hereto with respect to the subject matter hereof; provided, however, that this Agreement is a supplement to
and in furtherance of the Company’s certificate of incorporation and bylaws and applicable law, and shall not be deemed a substitute therefor, nor to diminish or abrogate any rights of Indemnitee thereunder. 

24. Modification and Waiver. No supplement, modification or amendment to this Agreement shall be binding unless executed in
writing by the parties hereto. No amendment, alteration or repeal of this Agreement shall adversely affect any right of Indemnitee under this Agreement in respect of any action taken or omitted by such Indemnitee in his or her Corporate Status prior
to such amendment, alteration or repeal. No waiver of any of the provisions of this Agreement shall constitute or be deemed a waiver of any other provision of this Agreement nor shall any waiver constitute a continuing waiver. 

25. Notices. All notices and other communications required or permitted hereunder shall be in writing and shall be mailed by
registered or certified mail, postage prepaid, sent by facsimile or electronic mail or otherwise delivered by hand, messenger or courier service addressed: 
 (a) if to Indemnitee, to Indemnitee’s address, facsimile number or electronic mail address as shown on the signature page of this Agreement or in the Company’s records, as may be updated in
accordance with the provisions hereof; or 
 (b) if to the Company, to the attention of the Chief Executive Officer or Chief
Financial Officer of the Company at 100 Pine Street, Suite 2040, San Francisco, California 94111, or at such other current address as the Company shall have furnished to Indemnitee, with a copy (which shall not constitute notice) to John Fore,
Wilson Sonsini Goodrich & Rosati, P.C., 650 Page Mill Road, Palo Alto, California 94304. 
 Each such notice or other
communication shall for all purposes of this Agreement be treated as effective or having been given (i) if delivered by hand, messenger or courier service, when delivered (or if sent via a nationally-recognized overnight courier service,
freight prepaid, specifying next-business-day delivery, one business day after deposit with the courier), (ii) if sent via mail, at the earlier of its receipt or five days after the same has been deposited in a regularly-maintained
receptacle for the deposit of the United States mail, addressed and mailed as aforesaid, or (iii) if sent via facsimile, upon confirmation of facsimile transfer or, if sent via electronic mail, upon confirmation of delivery when
directed to the relevant electronic mail address, if 

  
 -12-

 
sent during normal business hours of the recipient, or if not sent during normal business hours of the recipient, then on the recipient’s next business day. 

26. Applicable Law and Consent to Jurisdiction. This Agreement and the legal relations among the parties shall be governed by, and
construed and enforced in accordance with, the laws of the State of Delaware, without regard to its conflict of laws rules. Except with respect to any arbitration commenced by Indemnitee pursuant to Section 12(a) of this Agreement, the Company
and Indemnitee hereby irrevocably and unconditionally (i) agree that any action or proceeding arising out of or in connection with this Agreement shall be brought only in the Delaware Court of Chancery, and not in any other state or federal
court in the United States of America or any court in any other country, (ii) consent to submit to the exclusive jurisdiction of the Delaware Court of Chancery for purposes of any action or proceeding arising out of or in connection with this
Agreement, (iii) appoint, to the extent such party is not otherwise subject to service of process in the State of Delaware, Corporation Trust Center, Wilmington, Delaware as its agent in the State of Delaware as such party’s agent for
acceptance of legal process in connection with any such action or proceeding against such party with the same legal force and validity as if served upon such party personally within the State of Delaware, (iv) waive any objection to the laying
of venue of any such action or proceeding in the Delaware Court of Chancery, and (v) waive, and agree not to plead or to make, any claim that any such action or proceeding brought in the Delaware Court of Chancery has been brought in an
improper or inconvenient forum. 
 27. Counterparts. This Agreement may be executed in one or more counterparts, each of
which shall for all purposes be deemed to be an original but all of which together shall constitute one and the same Agreement. This Agreement may also be executed and delivered by facsimile signature and in counterparts, each of which shall for all
purposes be deemed to be an original but all of which together shall constitute one and the same Agreement. Only one such counterpart signed by the party against whom enforceability is sought needs to be produced to evidence the existence of this
Agreement. 
 28. Captions. The headings of the paragraphs of this Agreement are inserted for convenience only and shall
not be deemed to constitute part of this Agreement or to affect the construction thereof. 
 (signature page follows)

  
 -13-

 The parties are signing this Indemnification Agreement as of the date stated in the
introductory sentence. 
  

	
	AUDEO ONCOLOGY, INC.
	
	  

	(Signature)
	
	  

	(Print name)
	
	  

	(Title)
	
	[INSERT INDEMNITEE NAME]
	
	  

	(Signature)
	
	  

	(Print name)
	
	  

	(Street address)
	
	  

	(City, State and ZIP

 (Signature page to Indemnification Agreement)Employment Agreement between Peter Smith and Alchemia Oncology

 Exhibit 10.18 
 Executive Employment Agreement 
 Alchemia Oncology Pty Ltd ABN: 60 058 390 953 

Dr Pete Smith 
 

 

 Table of Contents 
  

							
	 1.
	  	Definitions	  	 	3	  
	 2.
	  	Appointment	  	 	6	  
	 3.
	  	Fair Work Information Statement	  	 	6	  
	 4.
	  	Duties of the executive	  	 	6	  
	 5.
	  	Performance of duties	  	 	7	  
	 6.
	  	Remuneration	  	 	8	  
	 7.
	  	Out-of-pocket expenses	  	 	10	  
	 8.
	  	Leave entitlements	  	 	10	  
	 9.
	  	Confidential information	  	 	11	  
	 10.
	  	Intellectual property rights	  	 	12	  
	 11.
	  	Company property	  	 	13	  
	 12.
	  	Termination	  	 	13	  
	 13.
	  	Consequences of termination	  	 	15	  
	 14.
	  	Resolution of disputes by conciliation	  	 	16	  
	 15.
	  	Protection of goodwill	  	 	16	  
	 16.
	  	Medical examination	  	 	17	  
	 17.
	  	Employee records and privacy	  	 	17	  
	 18.
	  	Variations	  	 	18	  
	 19.
	  	Statutory and regulatory requirements	  	 	18	  
	 20.
	  	Acknowledgment	  	 	19	  
	 21.
	  	General provisions	  	 	19	  

  
 

 

 Date 
 Parties 
 Alchemia Oncology Pty Ltd (Employer) 

Dr Pete Smith (Executive) 

Background 
  

	A.	The employer carries on the business of Research and Development. 

  

	B.	The parties have agreed that the Executive will be employed by the Employer on the terms set out in this Agreement. 

It is agreed 
  

	1.	Definitions 

 In this
Agreement, except to the extent the context otherwise requires: 
 ‘Agreement’ means this Executive Employment
Agreement; 
 ‘Alchemia Limited’ means Alchemia Limited (ACN 071 666 334 ABN 43 071 666 334) 

“Audeo Oncology’ means Audeo Oncology, Inc; 
 Audeo Share Option Scheme’ is any bonus incentive scheme as approved by the Board and the board of Audeo Oncology from time to time, which enables each Executive to participate in a bonus up
to a maximum predetermined percentage of their base salary by way of cash payment and/or receiving options in Audeo Oncology; 

‘ASX’ means the Australian Stock Exchange Limited; 

‘Board’ means the board of directors of the Employer; 

‘Commencement Date’ means the Implementation Date. 

‘Confidential Information’ means the trade secrets and all other information regarding the affairs of the Employer and
any Related Corporation which becomes known to the Executive in circumstances where the Executive knows or ought to know that the information is to be treated as confidential and includes, without limitation: 

 

	 	(a)	information marked as “confidential” or to like effect; 

  

	 	(b)	information the Executive is told is confidential or should be kept confidential; 

 

	 	(c)	information disclosed to the Executive in circumstances that would, to a reasonable person, indicate that the information is sensitive commercial information or
information of a kind which, if disclosed to third parties, could or might cause any Group Company loss or damage (including damage to reputation); 

  

	 	(d)	formulae, technical information, plans and product specifications; 

  

	 	(e)	strategic information regarding the Group’s business plans and forecasts, including but not limited to target markets, target segments of markets, plans with
regard to premises; 

  

			
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	 	(f)	projects; 

  

	 	(g)	financial records, reports, accounts, proposals, profits, salaried and wages paid, assets and liabilities and bad debts; 

 

	 	(h)	quotations and tenders submitted or prepared for submission to customers or potential customers, including information regarding the methods by which the Employer
calculates the amounts contained in tenders, the methods by which tenders are prepared and the information contained in tenders; 

  

	 	(i)	customer lists, names of customers contacts and terms of trade with customers; 

 

	 	(j)	supplier lists, names of supplier contacts and terms of trade with suppliers, except where that information is available to and known by the public otherwise than
through the wrongful acts of the Executive; 

  

	 	(k)	information about potential suppliers to the Group to the extent that that information is not generally known to the public and to the extent that the combination of
suppliers or use of a particular supplier, though generally known or available, yields advantages to the Group the details of which are not generally known; 

 

	 	(l)	marketing information regarding details about the Group’s position in the market place or segments of the market place, the Group’s competitors’ position
in the market place or in segments of the market place, marketing plans and strategies; 

  

	 	(m)	personnel information regarding personal or medical histories, compensation, terms of employment; 

 

	 	(n)	procedures/processes/systems relating to the operation of the Group’s business that contribute to the sustainable competitive advantages of the Group’s
business; 

  

	 	(o)	information confidential to any Group Company. 

  

	 	(p)	information confidential to Alchemia Limited. 

 ‘Employer” means Alchemia Oncology ABN 60 058 390 953 of Monash University, Wellington Road, Clayton, in the State of Victoria. 

‘Employment Period’ means the period commencing on the Commencement Date and continuing until the Termination Date;

 ‘Executive’ means Pete Smith of 5/8 Dunmore Terrace, Auchenflower, QLD, 4066 

‘Fair Work Information Statement’ has the meaning contained in the Fair Work Act 2009. 

‘Group’ means the Employer, and each Related Corporation and ‘Group Company’ means any one of them; 

‘High Income Threshold’ has the meaning contained in the Fair Work Act 2009. 

‘High Income Employee’ has the meaning contained in the Fair Work Act 2009. 

‘Implementation Date’ means the date of implementation of the demerger of Audeo Oncology, Inc. from Alchemia Limited.

 ‘Industrial Instrument’ means any law or statutory instrument (including any award, collective agreement or
enterprise agreement) prescribing minimum terms and conditions of employment and applicable to your employment under this Agreement. 

  

			
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 ‘Intellectual Property Right’ means an invention, discovery, secret
process, trade mark, service mark, copyright work, design, patent, know how and any other intellectual property right throughout the world which is: 
  

	 	(a)	related to or connected with the business or a product or service of the Employer, a Related Corporation or Alchemia Limited; and 

 

	 	(b)	invented, created, produced or conceived by the Executive (whether alone or jointly with another person) in the course of his employment by the Employer;

 ‘Modern Award’ has the meaning contained in the Fair Work Act 2009. 

‘Moral Rights’ mean the moral rights conferred upon the author of a Work by Part IX of the Copyright Act 1968
(Cth); 
 ‘Related Corporation’ means: 
  

	 	(c)	a body corporate which is a related body corporate to the Employer and has the meaning given to that term by the Corporations Act 2001; 

 

	 	(d)	any body corporate not less than 30% of whose ordinary shares are held for the time being by or on behalf of the Employer or a body corporate related to the Employer;
or 

  

	 	(e)	any unit trust not less than 30% of whose ordinary units are held for the time being by or on behalf of the Employer or a body corporate related to the Employer;

 ‘Remuneration Committee’ means the sub-committee of the Board responsible for determining and
approving Executive remuneration; 
 ‘Remuneration Package’ means the Salary, Superannuation, bonus scheme and
any additional benefits referred to in clause 6 of this Agreement, as varied from time to time in accordance with this Agreement; 
 ‘Salary’ means the annual base cash component of the Remuneration Package referred to in clause 6.1, as reviewed from time to time in accordance with clause 6.5 of this Agreement;

 ‘Superannuation’ means the annual minimum Employer contribution referred to in clause 6.3 of this Agreement
to the designated approved Superannuation fund, currently set at 9% of base salary; 
 ‘Termination Date’ means:

  

	 	(f)	if the Executive works out any notice period, the Executive’s last day of employment; 

 

	 	(g)	if the Employer makes a payment in lieu of notice, the date upon which the payment is made; 

 

	 	(h)	if the Employer terminates the Executive’s employment pursuant to clause 12.3, the date the Employer terminates the employment; 

 

	 	(i)	if the Executive gives notice of termination, the Executive’s last working day; 

‘Works’ is defined in the Copyright Act 1968 (Cth). 

  

			
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	2.	Appointment 

  

	2.1	Employment 

 The Executive will
serve the Employer as Chief Executive Officer and Managing Director on the terms of this Agreement. 
  

	2.2	Term of employment 

 The
Executive is employed for the Employment Period, however, the Executive’s prior employment with the Employer is recognised for the purpose of accrued entitlements (if any) outlined in this Agreement, which accrue from the date the Executive
first commenced employment with Alchemia Limited on 22 May 2006. 
  

	2.3	Place of work 

  

	 	(a)	The Executive is to work from the Employer’s premises at 3 Hi-Tech Court, Brisbane Technology Park, Eight Mile Plains, QLD, or such other location as agreed
between the Employer and Executive. 

  

	 	(b)	The Executive may also be required to travel to other locations, either interstate or overseas, as may be reasonably necessary to perform the Executive’s duties.

  

	2.4	Breach of other obligations 

 The
Executive warrants to the Employer that, by entering into this Agreement and performing the Executive’s duties under it, the Executive will not breach any other obligation binding on the Executive. 

 

	3.	Fair Work Information Statement 

 The Executive acknowledges receiving from the Employer, with this Agreement, the Fair Work Information Statement. 
  

	4.	Duties of the executive 

  

	4.1	Duties 

  

	 	(a)	The duties to be performed by the Executive include those set out in the Position Description for this role. 

 

	 	(a)	During the Employment Period, the Executive must also: 

  

	 	(1)	perform such duties and exercise such powers, authorities and discretions in relation to the business of the Employer and the Group as the Board may from time to time
reasonably delegate to the Executive; 

  

	 	(2)	observe and comply with the orders, instructions, directions, restrictions, regulations, delegation and authority levels made or given by the Board from time to time;

  

	 	(3)	comply with all legal requirements, statutory or otherwise, pertaining to the Executive’s position and responsibilities under this Agreement; and

  

	 	(4)	faithfully serve the Employer and at all times use their best endeavours to promote the interests of the Employer and the Group for the time being.

  

			
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	 	(b)	In consultation with the Executive, the Employer may set reasonable Key Performance Indicators for the Executive to achieve from time to time. 

 

	4.2	Compliance with directions 

 The
Executive must comply with all reasonable and lawful directions given to the Executive by the Board. 
  

	4.3	Reporting 

 The Executive must
report to the Board promptly and fully with the information they require relating to the Executive’s responsibilities and the performance of the Executive’s duties. 

 

	4.4	Directorships with Related Corporations 

  

	 	(a)	The Executive may be requested to accept appointment as a director or officer of any Group Company nominated by the Board and he/she shall accept that appointment
unless there is, in the view of the Board, a reasonable objection to that appointment. 

  

	 	(b)	The Executive may not resign the Executive’s office as a director or officer of a Group Company, except at the request or direction of the Board or with the
agreement of the Board upon presenting reasonable grounds to do so. 

  

	4.5	Policies and Procedures 

  

	 	(a)	The Executive must comply with the Employer’s policies and procedures as a condition of employment. 

 

	 	(b)	The parties acknowledge that: 

  

	 	(1)	the policies of the Employer set out and clarify certain matters which may benefit both the Employer and the Executive; 

 

	 	(2)	prior to entering into this Agreement, the Executive was provided with an opportunity to review and consider all policies as were current at the date of this Agreement;

  

	 	(3)	to the extent that they describe “obligations” on the Employer, the policies are not terms of this Agreement and may be observed, varied or disregarded by the
Employer in their absolute discretion. 

  

	5.	Performance of duties 

  

	5.1	Full time appointment 

  

	 	(a)	Unless absent on leave for reasons permitted under this Agreement, the Executive must devote the Executive’s time, attention and skill exclusively to the business
of the Employer during all normal working hours (which are Monday to Friday, 8.30am to 5.00pm) and at other times reasonably necessary to fulfil the Executive’s duties. 

 

	 	(b)	The Executive acknowledges that the requirement to work these hours is reasonable given the executive nature of their role and the Remuneration Package provided under
this Agreement. 

  

	 	(c)	The Remuneration Package provided to or for the Executive under this Agreement constitutes full payment for all hours worked by the Executive. 

 

	 	(d)	Clause 5.1(a) is to be read subject to the consent of the Board which is referred to in clause 5.3. 

  

			
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	5.2	Promotion of Employer’s interests 

 The Executive must use the Executive’s best endeavours to promote the financial position, profits, prospects, welfare and reputation of the Group and not intentionally do anything which is, or may
be, harmful to those interests. 
  

	5.3	Other business, occupation or directorships 

During the Employment Period the Executive must not carry on nor be concerned in a business or occupation nor hold a directorship of another corporation
other than the business of the Group without the prior written consent of the Board. 
  

	5.4	Benefits from other sources 

  

	 	(a)	The Executive must not accept a benefit in money or in kind from any person as an inducement or reward in connection with: 

 

	 	(1)	an act or forbearance in the performance of their duties; or 

  

	 	(2)	any business carried on by or on behalf of the Employer or its Related Corporations. 

 

	 	(b)	This clause does not prohibit the receipt of: 

  

	 	(1)	publicly advertised benefits such as frequent flier benefits; or 

  

	 	(2)	invitations to business, sporting or social events and minor gifts with a maximum value of $100 received by the Executive. This includes 2 or more gifts received by the
Executive from the same or related entities with a total maximum value of $100. 

  

	6.	Remuneration 

  

	6.1	Salary 

 The Executive is
entitled to a gross annual Salary of $377,392 excluding superannuation. 
  

	6.2	Payment of Salary 

 The Salary is
payable: 
  

	 	(a)	by equal fortnightly instalments in arrears; and 

  

	 	(b)	by electronic funds transfer to a bank account in Australia nominated by the Executive, 

or as may otherwise be agreed. 
  

	6.3	Superannuation 

  

	 	(a)	The Employer will pay that percentage of superannuation (based on the Salary) which the Employer is statutorily obliged to pay on the Executive’s behalf into the
nominated superannuation fund, currently set at 9% of the base Salary. 

  

	 	(b)	Subject to any applicable regulatory requirements relating to effective wage or salary sacrificing arrangements, the Executive may sacrifice part of their Salary in
return for additional superannuation contributions by the Employer. 

  

			
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	6.4	Directors fees 

 The Remuneration
Package is inclusive of any director’s fees payable to the Executive as a director of the Employer or a Related Corporation. In the event that the Executive ceases to be a director of the Employer or a Related Corporation, his Remuneration
Package may be reduced by the Board to take account of reduced responsibilities. The amount of the reduction will be an amount determined in the sole discretion of the Board. 

 

	6.5	Review of Key Performance Indicators and Remuneration Package 

 The Executive’s Key Performance Indicators and Remuneration Package will be reviewed annually by the Board and Audeo Oncology’s compensation committee. A review will not necessarily result in an
increase in the Remuneration Package. . The Key Performance Indicators and any remuneration (including bonus or incentive arrangements) will be determined by Audeo Oncology’s compensation committee from time to time and subject to the
requirement that any bonus or incentive payment determined shall not exceed 100% of the annual salary payable to the Executive. 
  

	6.6	Participation in Audeo Share Option Scheme 

 The Executive may be eligible to participate in any Audeo Share Option Scheme, as determined by Audeo Oncology’s compensation committee under the terms and conditions as established by Audeo
Oncology’s compensation committee and which may be reviewed by the board of Audeo Oncology from time to time. 
  

	6.7	Additional benefits 

  

	 	(a)	Mobile phone and Laptop 

  

	6.8	Valuation of Benefits 

 If it is
necessary for any purpose to value a benefit provided to the Executive under this Agreement, and no value is expressly agreed between the parties, the Executive agrees that: 

 

	 	(a)	The Board may value the benefit; and 

  

	 	(b)	Provided the Board’s valuation is reasonable, the Executive will be bound by it. 

 

	6.9	No other benefits 

  

	 	(a)	As far as legally allowed, the Executive’s Remuneration Package is inclusive of all legal entitlements the Executive has to payment for work performed. The value
of the Remuneration Package is not a base rate of pay for ordinary hours worked. 

  

	 	(b)	The Executive agrees that the Employer may set off the value of all of the benefits paid to or for them under this Agreement against any entitlement the Executive may
have under any Industrial Instrument to payment for work performed. 

  

	 	(c)	The parties agree that if the Executive’s Remuneration Package, exclusive of any payments under any Audeo Share Option Scheme exceeds the High Income Threshold,
then no Modern Award will, at any time, apply to the Executive’s employment, upon the basis that the Employer guarantees that the Executive’s annual earnings, during the course of their employment, will exceed the High Income Threshold.

  

			
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	 	(d)	If, for whatever reason, during the Employment Period, the value of the Executive’s total benefits falls below the High Income Threshold, the parties agree that
the effect of this will be to revoke the guarantee at clause 6.9(c). 

  

	6.10	Deductions 

 The Employer may
deduct from any part of the Salary payable to the Executive from time to time (including, to the extent permitted by law, amounts payable on termination of the Executive’s employment) any amounts owed by the Executive on any account to any
Group Company. 
  

	7.	Out-of-pocket expenses 

  

	7.1	Reimbursement 

 The Employer must
reimburse the Executive for all reasonable expenses properly incurred by the Executive in the performance of the Executive’s duties, pursuant to the Employer’s policy guidelines. 

 

	7.2	Substantiation 

 The Executive
must: 
  

	 	(a)	provide receipts or other documentary evidence of payment satisfactory to the Employer and the purpose of each expense in a form reasonably required by the Employer to
support each claim for reimbursement; and 

  

	 	(b)	keep those records of expenses reasonably required by the Employer to meet income tax, fringe benefits tax and other statutory requirements. 

 

	8.	Leave entitlements 

  

	8.1	Annual leave 

  

	 	(a)	During each completed year of the Employment Period the Executive is entitled to: 

 

	 	(1)	subject to clause 5.1(a), observe public holidays without loss of Salary; and 

 

	 	(2)	five weeks’ paid annual leave. 

  

	 	(b)	The Executive must give reasonable notice of the Executive’s intention to take annual leave and use reasonable endeavours to take leave at times convenient to the
Employer. 

  

	 	(c)	The Board may direct the Executive to take accrued annual leave after giving the Executive 4 weeks’ written notice. 

 

	8.2	Personal leave 

  

	 	(a)	The Executive is entitled to 10 days’ paid personal leave for each completed year of this Agreement. Such personal leave entitlements are cumulative, but are not
paid out on termination of this Agreement. 

  

	 	(b)	Personal leave can be taken in the following circumstances: 

  

	 	(1)	due to personal illness or injury (sick leave); or 

  

			
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	 	(2)	for the purpose of caring for a member of the Executive’s immediate family or household who is sick or due to an unexpected emergency requires the Executive’s
care and support (carer’s leave). 

  

	 	(c)	The Board may request the Executive to provide, for any absence in excess of 2 days, documentary evidence to the Board’s satisfaction of the Executive’s
entitlement to take personal leave. 

  

	8.3	Long service leave entitlement 

The Executive is entitled to long service leave in accordance with the legislation of the State in which the Executive is employed.

  

	8.4	Parental leave and Compassionate leave 

 The Executive is entitled to parental leave and compassionate leave in accordance with the provisions of the Fair Work Act 2009 (Cth). 

 

	9.	Confidential information 

  

	9.1	Acknowledgment 

 The Executive
acknowledges that: 
  

	 	(a)	the Employer’s Confidential Information is solely and exclusively the property of the Employer; 

 

	 	(b)	they are subject to obligations in relation to the Employer’s Confidential Information by reason of this Agreement; 

 

	 	(c)	they are subject to obligations in relation to the Employer’s Confidential Information in equity and under the common law; 

 

	 	(d)	the Corporations Act creates certain obligations upon the Executive in respect of use or disclosure of information; and 

 

	 	(e)	harm may be caused to the Employer by unauthorised disclosure of Confidential Information. 

 

	9.2	Maintenance of confidentiality 

The Executive agrees that they will: 
  

	 	(a)	not, without the Employer’s permission, disclose or use its Confidential Information; 

 

	 	(b)	not make a copy or other record of Confidential Information except in the proper performance of the Executive’s duties; 

 

	 	(c)	use the Employer’s Confidential Information only for the legitimate purposes of the business of the Group; 

 

	 	(d)	take all reasonable action that the Employer asks them to take, at any time, to protect the Employer’s interest in its Confidential Information;

  

	 	(e)	in relation to any disclosure of the Employer’s Confidential Information allowed under this Agreement – only disclose the information where the Executive is
satisfied, upon reasonable grounds, that the disclosure: 

  

	 	(1)	is in the Employer’s commercial interests; and 

  

	 	(2)	will not compromise the Employer’s interest in the information. 

  

			
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	9.3	Information publicly available 

The Executive’s obligations here do not apply to: 
  

	 	(a)	information that is publicly available, unless the information has only become publicly available because of a breach, by the Executive or anyone else, of the
Employer’s confidence; or 

  

	 	(b)	disclosures of the Employer’s Confidential Information that are legally required, provided the Executive has made reasonable attempts to avoid disclosure and have
given the Employer a reasonable opportunity to protect its interest in the information. 

  

	9.4	Uncertainty 

 If the Executive is
uncertain whether: 
  

	 	(a)	particular information is the Employer’s Confidential Information; or 

 

	 	(b)	particular information is publicly available; 

 the information is taken to be the Employer’s Confidential Information and is taken not to be publicly available unless the Employer informs the Executive in writing to the contrary. 

 

	9.5	Use during and after Employment Period 

 The Executive must comply with their obligations in respect of the Employer’s Confidential Information both during the Employment Period and after termination of employment. 

 

	10.	Intellectual property rights 

  

	10.1	Ownership 

 All the interests of
the Executive in the Intellectual Property Rights become the property of the Employer as beneficial owner without further payment to the Executive as provided for in this Agreement. 

 

	10.2	Disclosure 

 The Executive must
disclose to the Employer any Intellectual Property Right promptly after it is brought into existence. 
  

	10.3	Assistance by Executive 

 The
Executive must at the expense of the Employer execute all documents and do all other things reasonably necessary to: 
  

	 	(a)	(enable the Employer or its nominee to obtain letters patent, design registration or other official protection for the Employer’s interest in each of its
Intellectual Property Rights; and 

  

	 	(b)	transfer to the Employer or its nominee the full ownership of each of its Intellectual Property Rights. 

  

			
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	10.4	Power of attorney 

 The Executive
irrevocably appoints the Employer to be the Executive’s attorney and in the Executive’s name on the Executive’ behalf and as the Executive’s act and deed to: 

 

	 	(a)	execute all documents; and 

  

	 	(b)	do and perform any or all other acts, matters or things, 

 necessary to give to the Employer the full benefit of each of its Intellectual Property Rights. 
  

	10.5	Moral rights 

 The Executive
consents to the Employer infringing any Moral Rights that the Executive may have or become entitled to in any Work created in the course of the Executive’s employment. 

 

	10.6	Continuing obligations 

 The
obligations of the Executive relating to Intellectual Property Rights continue after the termination of this Agreement. 
  

	11.	Company property 

  

	11.1	Access to Group Property 

 While
the Executive may, during the course of and for the purposes of their employment, have access to and possession of physical items of Group property, including Confidential Information or Intellectual Property, the Employer may ask them to return any
of this property to it at any time. 
  

	11.2	Return of Group Property 

 The
Executive agrees to return Group property to the Employer immediately it asks them to and upon termination of their employment. 
  

	11.3	Retention of Group Property 

Except for the purposes of the Executive’s employment under this Agreement, the Executive is not entitled to retain any property of
the Group, including copies of documents the originals of which are property of the Group. 
  

	12.	Termination 

  

	12.1	Termination with notice 

 The
employment of the Executive may be terminated by the Executive or the Employer at any time by either of them giving to the other six months written notice of termination. 

 

	12.2	Employer’s election on termination 

 Subject to clauses 12.3 and 12.4, if either the Employer or the Executive gives notice of termination to the other, the Employer may terminate the employment of the Executive immediately or at any time
during the notice period and pay to the Executive within a period of thirty days (30) days following the Termination Date in a lump sum the Executive’s current Salary together with Superannuation for the balance of the notice period
remaining after termination of the employment. 

  

			
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	12.3	Termination by Employer without notice or pay in lieu 

 The Employer may immediately terminate the employment of the Executive by giving written notice of termination, without any period of notice or pay in lieu to the Executive, if the Executive: 

 

	 	(a)	engages in any act or omission constituting serious misconduct (whether or not the misconduct occurs, or has occurred, prior to or after the date of this Agreement);

  

	 	(b)	refuses or neglects to comply with any lawful and reasonable instruction given to them by the Board or any other person duly authorised by the Board;

  

	 	(c)	becomes bankrupt or compounds with his creditors or any of them or assigns the Executive’s estate for the benefit of the Executive’s creditors or any of them;

  

	 	(d)	is dealt with by a court for an offence, whether or not a conviction is recorded, involving fraud or dishonesty or any other serious offence which is punishable by
imprisonment (whether or not the Executive is imprisoned); 

  

	 	(e)	has, whether prior to or during the Employment Period, provided the Employer with information about their qualifications, experience, character or reputation which is
misleading or was intended to be false or misleading; 

  

	 	(f)	fails to remedy, to the reasonable satisfaction of the Board, a serious or persistent breach of this Agreement within 14 days of receiving notice of such breach from
the Board; or 

  

	 	(g)	is, in the reasonable opinion of the Board, dishonest or engages in conduct which may result in significant harm to the Employer or Related Corporation.

  

	12.4	Incapacity 

  

	 	(a)	The Employer may terminate the employment of the Executive by giving one month written notice of termination (or, if the Executive has a greater statutory entitlement
to notice, then notice in accordance with that statutory entitlement) to the Executive if the Executive: 

  

	 	(1)	becomes a person whose person or estate is liable to be dealt with in any way under the law relating to mental health; or 

 

	 	(2)	is by reason of illness or injury unable to attend to his duties for 3 months in addition to the period of any accrued sick leave in a 12 month period.

  

	 	(b)	To avoid doubt, clause 12.4(a)(2) is subject to any statutory protection of the Executive for any incapacity for which worker’s compensation or like benefits are
payable. 

  

	12.5	Termination of appointment as Director 

 The termination of the appointment of the Executive as a Director of the Employer or a Related Corporation does not terminate his/her employment under this Agreement. 

  

			
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	13.	Consequences of termination 

  

	13.1	Entitlements to annual leave and long service leave on termination 

 If the employment of the Executive is terminated for any reason: 
  

	 	(a)	the Executive is entitled to receive from the Employer pay in lieu of all of their accrued annual leave and any accrued entitlement to long service leave up to the
Termination Date, calculated by reference to the Executive’s Salary; 

  

	 	(b)	the Executive hereby authorises the Employer and each Related Corporation to set off against and deduct from all or any amounts payable to the Executive by way of
salary, allowances, accrued leave, long service leave, or any other emolument or benefits owing to the Executive by the Employer or any Related Corporation, any amount owing on any account whatever by the Executive to the Employer or any Related
Corporation. 

  

	13.2	Entitlements upon redundancy 

  

	 	(a)	If the Employer makes the Executive’s position redundant and the Executive is not offered alternative employment with the Employer or a Related Corporation at a
similar place of work and in a position at a similar level, requiring similar skills, knowledge and abilities, on terms and conditions no less favourable than under this Agreement, the Employer must pay the Executive, in addition to any other
payments under this Agreement, an additional 6 months’ Salary. payable in a lump sum within thirty (30) days following the Termination Date. 

  

	 	(b)	The Employer may set off any payment made to the Executive under clause 12.2 or 13.2(a) against any entitlement the Executive has under an Industrial Instrument to
payment of: 

  

	 	(1)	compensation in lieu of notice; and 

  

	 	(2)	a severance payment. 

  

	 	(c)	The Executive is further entitled to retain any Share Options that were granted under the Alchemia Employee and Officers Share Incentive Scheme and that have not
expired. 

  

	13.3	Acts after termination of employment 

  

	 	(a)	On or before the Termination Date the Executive must: 

  

	 	(1)	if requested by the Board, resign all offices held by the Executive in the Employer or a Related Corporation; 

 

	 	(2)	deliver to the Employer all records of Confidential Information, including contact records, in the Executive’s possession which are physically capable of delivery;

  

	 	(3)	permanently erase all records of Confidential Information from his electronic organiser and all other electronic storage devices owned by the Executive;

  

	 	(4)	if a car owned or leased by the Employer is being utilised by the Executive, return the car and its keys to the Employer at a place nominated by the Employer unless the
car is then purchased or leased by the Executive; 

  

	 	(5)	deliver to the Employer all business cards, credit and charge cards issued to the Executive by or on behalf of the Employer or a Related Corporation;

  

	 	(6)	vacate any accommodation provided to the Executive by the Employer; and 

  

	 	(7)	subject to any express written agreement to the contrary, immediately repay the Employer all sums which may be owing by the Executive to the Employer or any Related
Corporation, whether such sums are then due or not. 

  

			
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	 	(b)	The Employer is not liable for any loss of personal data stored in a personal organiser or other electronic storage device which occurs in any way during the permanent
erasure of Confidential Information. 

  

	 	(c)	After the Termination Date, the Executive must not represent himself/herself as being currently employed by or connected with the Employer or a Related Corporation.

  

	14.	Resolution of disputes by conciliation 

  

	14.1	Discussion between the Executive and Employer 

  

	 	(a)	A dispute relating to the employment of the Executive by the Employer must be first discussed by the Executive and the Board or a representative nominated by one or
both of them for the purpose of reaching agreement. 

  

	 	(b)	In this clause, a dispute relating to the employment includes a dispute arising from the termination of the employment of the Executive or an alteration to the
Executive’s remuneration or other terms and conditions of employment of the Executive. 

  

	14.2	Reference to mediation 

 If,
after discussing their dispute the Employer and the Executive do not agree, the dispute must be referred by the Executive and the Employer, or either one of them, to the Australian Commercial Disputes Centre or other similar body for mediation in
accordance with its guidelines. The parties must by all reasonable means endeavour to resolve the dispute between them. 
  

	15.	Protection of goodwill 

  

	15.1	In consideration of the Executive’s employment and to protect the Employer’s goodwill, the Executive agrees that he/she will not in any capacity, directly or
indirectly, including as a sole trader, partner, director, shareholder, manager, employee, agent or consultant: 

  

	 	(a)	within the following areas: 

  

	 	(1)	Australia; 

  

	 	(2)	Queensland; 

  

	 	(3)	Brisbane. 

  

	 	(b)	for the Employment Period and for the following periods after the Termination Date: 

 

	 	(1)	12 months; 

  

	 	(2)	9 months; 

  

	 	(3)	6 months; 

  

	 	(c)	do any of the following: 

  

	 	(1)	induce any director, manager, officer, employee, servant or contractor of or to the Employer, its Related Corporations or Alchemia Limited with whom the Executive had
dealings to resign their employment or otherwise end their relationship with the Employer, its Related Corporations or Alchemia Limited; 

  

	 	(2)	 become an employee of any customer or client of the Employer, its Related Corporations or Alchemia Limited in order to perform the same or similar work

  

			
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for them that the Executive would have performed for the Employer, its Related Corporations or Alchemia Limited and which the Employer might reasonably expect to otherwise perform for the
customer or client; 

  

	 	(3)	seek or accept the custom of any person who has during the Employment Period, been a customer, supplier, distributor or licensee of the Employer, its Related
Corporations or Alchemia Limited and with whom the Executive had dealings or of whom the Executive had knowledge during the 12 months immediately prior to the Termination Date (or in relation to Alchemia Limited during the period of 12 months prior
to the Commencement Date); or 

  

	 	(4)	be associated with or engaged or interested in a business, in a role of a like or similar kind to that performed for the Employer or Alchemia Limited, which competes
with the Employer’s business or that of its Related Corporations or Alchemia Limited. 

  

	15.2	The preceding sub-clause will have a cumulative effect as several separate restraints for each activity listed in 15.1(c) combined with each area listed in 15.1(a) and
for each period listed in 15.1(b). All possible combinations must be complied with. 

  

	15.3	The validity of each separate restraint will not be affected by the invalidity, if any, of any other restraint. 

 

	15.4	The Executive may seek the Employer’s consent in writing to be released from any restraint. 

 

	16.	Medical examination 

  

	16.1	The Executive must, on the request at any time and at the expense of the Employer, submit to an examination by a registered medical practitioner to be selected by the
Employer. 

  

	16.2	The Executive must authorise that medical practitioner to disclose to, and discuss with, the Employer’s medical adviser the results of such examination and any
matters which arise from it in order that the Employer’s medical adviser can notify the Employer of any matters which, in the opinion of the adviser, might hinder or prevent the Executive (if during a period of incapacity) from returning to
work for any period or (in other circumstances) from properly performing any duties of his/her appointment at any time. 

  

	16.3	The Executive acknowledges that the records of a medical examination of them undertaken at the Employer’s direction are the Employer’s property and that the
Executive may not have any legal right of access to those records (although, where the Employer considers it both reasonable and appropriate to do so, it will provide the Executive with a copy of any medical examination report it has obtained about
the Executive). 

  

	17.	Employee records and privacy 

  

	17.1	The Employer will, in connection with the Executive’s employment, for the purposes of its operational requirements or legal obligations from time to time, collect,
keep and use various information about and personal to the Executive. The Executive: 

  

	 	(a)	Agrees that the Employer may, at its discretion, use or disclose that information for any purpose connected with the Executive’s employment (or, after termination
of the Executive’s employment, their former employment) and the Employer’s operational requirements or legal obligations from time to time; 

  

	 	(b)	Agrees that the Employer may, for any purpose connected with the Executive’s employment, collect information about the Executive from third parties. The Employer
will not, without a good reason in connection with its operational requirements or legal obligations, seek information about the Executive from a third party without the Executive’s permission or without telling the Executive;

  

			
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	 	(c)	Agrees that the Employer may, following termination of the Executive’s employment, retain any records about the Executive for any period the Employer considers to
be reasonable and appropriate having regard to its operational requirements or legal obligations from time to time; 

  

	 	(d)	As far as they legally can but subject to clause 17.2 – to waive any privacy rights the Executive would otherwise have, but for this clause 17.1.

  

	17.2	The Employer will take reasonable and appropriate precautions for the protection of the Executive’s privacy in relation to any records it holds about the Executive
from time to time. For example: 

  

	 	(a)	The Employer will not allow any person access to the Executive’s personal information except where that is reasonably required for a purpose connected with the
Executive’s employment (or former employment), its operational requirements or its legal obligations. Access within the Group will usually be limited to its officers, employees or agents who have managerial responsibilities in relation to the
Executive; 

  

	 	(b)	The Employer will not disclose the Executive’s personal information to a person outside the Group except for a purpose connected with the Executive’s
employment (or former employment), its operational requirements or its legal obligations; 

  

	 	(c)	The Employer will not disclose the Executive’s personal information to a person outside the Group unless the Employer is confident that they will deal with that
information the same way that the Employer has agreed to deal with it here. 

  

	17.3	This clause 21 continues to apply after termination of the Executive’s employment. 

 

	18.	Variations 

  

	18.1	The Group may change its Policies at any time. 

  

	18.2	The Board will periodically examine the Executive’s position description and statement of duties to update them and ensure that they relate to the position as then
being performed and to the Group’s operational requirements from time to time. The Board will consult the Executive in this process. If agreement cannot be reached the Board may, after consulting the Executive, insist on changes to the
Executive’s position description, statement of duties and benefits. 

  

	18.3	The Executive’s role, levels of responsibility, the position, the position location and Remuneration Package may be changed during the Employment Period from time
to time. 

  

	18.4	Otherwise, except as allowed by the terms of this Agreement, any changes to the Agreement will not be effective unless the parties have agreed to the changes in
writing. 

  

	18.5	Where changes to the Agreement occur, the other terms of this Agreement will continue to apply, subject to the changes. 

 

	19.	Statutory and regulatory requirements 

  

	19.1	The rights and obligations of the parties under this Agreement are subject to any applicable statutory or regulatory requirements. Where the performance of an
obligation or the exercise of a right is subject to a statutory or regulatory requirement: 

  

	 	(a)	the obligation must not be performed and the right cannot be enforced unless and until the requirement is discharged; 

 

	 	(b)	the parties will do anything reasonably required of them in order to discharge the requirement. 

  

			
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	19.2	Without limitation, a reference in clause 19.1 to a: 

  

	 	(a)	“statutory requirement” – includes any requirement imposed by the Corporations Act or taxation legislation; 

 

	 	(b)	“regulatory requirement” – if the Employer is listed on the official list of ASX – includes any requirement imposed upon the Employer by the ASX
Listing Rules from time to time. 

  

	20.	Acknowledgment 

  

	20.1	Fairness of Agreement 

 Having
regard to the Executive’s qualifications, skills and experience, the Executive acknowledges that the remuneration, termination and all other provisions of this Agreement are fair and reasonable in the circumstances. 

 

	20.2	Independent advice 

 The
Executive acknowledges that the Executive has been given the opportunity by the Employer to seek independent advice of the Executive’s choosing concerning this Agreement prior to entering into this Agreement. 

 

	21.	General provisions 

  

	21.1	Legal costs 

 The Employer and
the Executive must each pay their own legal and other expenses relating directly or indirectly to the negotiation, preparation and execution of this Agreement. 
  

	21.2	Prior agreements 

 This agreement
replaces all prior agreements between the Executive, the Employer and/or any Related Corporation. 
  

	21.3	Amendments in writing 

 No
amendment to this Agreement has any force unless it is in writing and signed by all of the parties to this Agreement. 
  

	21.4	Notices 

 Service of any document
required to be given in writing under this Agreement, or any formal correspondence in connection with the parties’ obligations under this Agreement shall be deemed to have been given if sent: 

 

	 	(a)	to the Executive, by post, fax, or in person to 5/8 Dunmore Terrace, Auchenflower, QLD 4066. 

 

	 	(b)	to the Employer, by post to PO Box 4851, Eight Mile Plains QLD 4113, or in person to the Chairman, Mel Bridges. 

 

	21.5	Counterparts 

 This Agreement is
validly executed if executed in one or more counterparts. 

  

			
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	21.6	Governing law and jurisdiction 

This Agreement is governed by the laws of Victoria and the Commonwealth of Australia. Each party irrevocably submits to the non exclusive
jurisdiction of the courts of Victoria. 

  

			
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 Signing page 
 Executed by Alchemia Oncology ABN 60 058 390 953 
  

					
	 /s/ T.E. Ramsdale
	 		 	  

	Director – T.E. Ramsdale	 		 	Director/Secretary (if applicable)
			
		 		 	  

		 		 	Print full name of Director/Secretary
			
	Signed by Dr Pete Smith in the presence of	 		 	
			
	 /s/ Charles Walker
	 		 	 /s/ Peter Smith

	Signature of Witness	 		 	Dr Pete Smith
			
	 Charles Walker
	 		 	
	Print full name of Witness	 		 	

  

			
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