Document:

exv10w17

EXHIBIT 10.17

REVA MEDICAL, INC.

STOCK OPTION AGREEMENT

     REVA Medical, Inc. (the “Company”) has granted to the Participant named in the Notice of
Grant of Stock Option (the “Grant Notice”) to which this Stock Option Agreement (the “Option
Agreement”) is attached an option (the “Option”) to purchase certain shares of Stock upon the terms
and conditions set forth in the Grant Notice and this Option Agreement. The Option has been
granted pursuant to and shall in all respects be subject to the terms and conditions of the REVA
Medical, Inc. 2010 Equity Incentive Plan (the “Plan”), as amended to the Date of Grant, the
provisions of which are incorporated herein by reference. By signing the Grant Notice, the
Participant: (a) acknowledges receipt of, and represents that the Participant has read and is
familiar with, the Grant Notice, this Option Agreement, the Plan and a prospectus for the Plan
prepared in connection with the registration with the Securities and Exchange Commission of shares
issuable pursuant to the Option (the “Plan Prospectus”), (b) accepts the Option subject to all of
the terms and conditions of the Grant Notice, this Option Agreement and the Plan and (c) agrees to
accept as binding, conclusive and final all decisions or interpretations of the Committee upon any
questions arising under the Grant Notice, this Option Agreement or the Plan.

     1. Definitions and Construction.

          1.1 Definitions. Unless otherwise defined herein, capitalized terms shall have the meanings
assigned to such terms in the Grant Notice or the Plan.

          1.2 Construction. Captions and titles contained herein are for convenience only and shall not
affect the meaning or interpretation of any provision of this Option Agreement. Except when
otherwise indicated by the context, the singular shall include the plural and the plural shall
include the singular. Use of the term “or” is not intended to be exclusive, unless the context
clearly requires otherwise.

     2. Tax Consequences.

          2.1 Tax Status of Option. This Option is intended to have the tax status designated in the
Grant Notice.

               (a) Incentive Stock Option. If the Grant Notice so designates, this Option is intended to be
an Incentive Stock Option within the meaning of Section 422(b) of the Code, but the Company does
not represent or warrant that this Option qualifies as such. The Participant should consult with
the Participant’s own tax advisor regarding the tax effects of this Option and the requirements
necessary to obtain favorable income tax treatment under Section 422 of the Code, including, but
not limited to, holding period requirements. (NOTE TO PARTICIPANT: If the Option is exercised more
than three (3) months after the date on which you cease to be an Employee (other than by reason of
your death or permanent and total disability as defined in Section 22(e)(3) of the Code), the
Option will be treated as a Nonstatutory Stock Option and not as an Incentive Stock Option to the
extent required by Section 422 of the Code.)

 

 

               (b) Nonstatutory Stock Option. If the Grant Notice so designates, this Option is intended to
be a Nonstatutory Stock Option and shall not be treated as an Incentive Stock Option within the
meaning of Section 422(b) of the Code.

          2.2 ISO Fair Market Value Limitation. If the Grant Notice designates this Option as an
Incentive Stock Option, then to the extent that the Option (together with all Incentive Stock
Options granted to the Participant under all stock option plans of the Participating Company Group,
including the Plan) becomes exercisable for the first time during any calendar year for shares
having a Fair Market Value greater than One Hundred Thousand Dollars ($100,000), the portion of
such options which exceeds such amount will be treated as Nonstatutory Stock Options. For purposes
of this Section 2.2, options designated as Incentive Stock Options are taken into account in the
order in which they were granted, and the Fair Market Value of stock is determined as of the time
the option with respect to such stock is granted. If the Code is amended to provide for a
different limitation from that set forth in this Section 2.2, such different limitation shall be
deemed incorporated herein effective as of the date required or permitted by such amendment to the
Code. If the Option is treated as an Incentive Stock Option in part and as a Nonstatutory Stock
Option in part by reason of the limitation set forth in this Section 2.2, the Participant may
designate which portion of such Option the Participant is exercising. In the absence of such
designation, the Participant shall be deemed to have exercised the Incentive Stock Option portion
of the Option first. Separate certificates representing each such portion shall be issued upon the
exercise of the Option. (NOTE TO PARTICIPANT: If the aggregate Exercise Price of the Option (that
is, the Exercise Price multiplied by the Number of Option Shares) plus the aggregate exercise price
of any other Incentive Stock Options you hold (whether granted pursuant to the Plan or any other
stock option plan of the Participating Company Group) is greater than $100,000, you should contact
the Chief Financial Officer of the Company to ascertain whether the entire Option qualifies as an
Incentive Stock Option.)

     3. Administration.

          All questions of interpretation concerning the Grant Notice, this Option Agreement, the Plan
or any other form of agreement or other document employed by the Company in the administration of
the Plan or the Option shall be determined by the Committee. All such determinations by the
Committee shall be final, binding and conclusive upon all persons having an interest in the Option,
unless fraudulent or made in bad faith. Any and all actions, decisions and determinations taken or
made by the Committee in the exercise of its discretion pursuant to the Plan or the Option or other
agreement thereunder (other than determining questions of interpretation pursuant to the preceding
sentence) shall be final, binding and conclusive upon all persons having an interest in the Option.
Any Officer shall have the authority to act on behalf of the Company with respect to any matter,
right, obligation, or election which is the responsibility of or which is allocated to the Company
herein, provided the Officer has apparent authority with respect to such matter, right, obligation,
or election.

     4. Exercise of the Option.

          4.1 Right to Exercise. Except as otherwise provided herein, the Option shall be exercisable
on and after the Initial Vesting Date and prior to the termination of the Option (as

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provided in Section 6) in an amount not to exceed the number of Vested Shares less the number
of shares previously acquired upon exercise of the Option. In no event shall the Option be
exercisable for more shares than the Number of Option Shares, as adjusted pursuant to Section 9.

          4.2 Method of Exercise. Exercise of the Option shall be by means of electronic or written
notice (the “Exercise Notice”) in a form authorized by the Company. An electronic Exercise Notice
must be digitally signed or authenticated by the Participant in such manner as required by the
notice and transmitted to the Company or an authorized representative of the Company (including a
third-party administrator designated by the Company). In the event that the Participant is not
authorized or is unable to provide an electronic Exercise Notice, the Option shall be exercised by
a written Exercise Notice addressed to the Company, which shall be signed by the Participant and
delivered in person, by certified or registered mail, return receipt requested, by confirmed
facsimile transmission, or by such other means as the Company may permit, to the Company, or an
authorized representative of the Company (including a third-party administrator designated by the
Company). Each Exercise Notice, whether electronic or written, must state the Participant’s
election to exercise the Option, the number of whole shares of Stock for which the Option is being
exercised and such other representations and agreements as to the Participant’s investment intent
with respect to such shares as may be required pursuant to the provisions of this Option Agreement.
Further, each Exercise Notice must be received by the Company prior to the termination of the
Option as set forth in Section 6 and must be accompanied by full payment of the aggregate Exercise
Price for the number of shares of Stock being purchased. The Option shall be deemed to be
exercised upon receipt by the Company of such electronic or written Exercise Notice and the
aggregate Exercise Price.

          4.3 Payment of Exercise Price.

               (a) Forms of Consideration Authorized. Except as otherwise provided below, payment of the
aggregate Exercise Price for the number of shares of Stock for which the Option is being exercised
shall be made (i) in cash, by check or in cash equivalent; (ii) if permitted by the Company and
subject to the limitations contained in Section 4.3(b), by means of (1) a Cashless Exercise, (2) a
Net-Exercise, or (3) a Stock Tender Exercise; or (iii) by any combination of the foregoing.

               (b) Limitations on Forms of Consideration. The Company reserves, at any and all times, the
right, in the Company’s sole and absolute discretion, to establish, decline to approve or terminate
any program or procedure providing for payment of the Exercise Price through any of the means
described below, including with respect to the Participant notwithstanding that such program or
procedures may be available to others.

                    (i) Cashless Exercise. A “Cashless Exercise” means the delivery of a properly executed
Exercise Notice together with irrevocable instructions to a broker in a form acceptable to the
Company providing for the assignment to the Company of the proceeds of a sale or loan with respect
to shares of Stock acquired upon the exercise of the Option in an amount not less than the
aggregate Exercise Price for such shares (including, without limitation, through an exercise
complying with the provisions of Regulation T as promulgated from time to time by the Board of
Governors of the Federal Reserve System).

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                    (ii) Net-Exercise. A “Net-Exercise” means the delivery of a properly executed Exercise Notice
electing a procedure pursuant to which (1) the Company will reduce the number of shares otherwise
issuable to the Participant upon the exercise of the Option by the largest whole number of shares
having a Fair Market Value that does not exceed the aggregate Exercise Price for the shares with
respect to which the Option is exercised, and (2) the Participant shall pay to the Company in cash
the remaining balance of such aggregate Exercise Price not satisfied by such reduction in the
number of whole shares to be issued. Following a Net-Exercise, the number of shares remaining
subject to the Option, if any, shall be reduced by the sum of (1) the net number of shares issued
to the Participant upon such exercise, and (2) the number of shares deducted by the Company for
payment of the aggregate Exercise Price.

                    (iii) Stock Tender Exercise. A “Stock Tender Exercise” means the delivery of a properly
executed Exercise Notice accompanied by (1) the Participant’s tender to the Company, or attestation
to the ownership, in a form acceptable to the Company of whole shares of Stock having a Fair Market
Value that does not exceed the aggregate Exercise Price for the shares with respect to which the
Option is exercised, and (2) the Participant’s payment to the Company in cash of the remaining
balance of such aggregate Exercise Price not satisfied by such shares’ Fair Market Value. A Stock
Tender Exercise shall not be permitted if it would constitute a violation of the provisions of any
law, regulation or agreement restricting the redemption of the Company’s stock. If required by the
Company, the Option may not be exercised by tender to the Company, or attestation to the ownership,
of shares of Stock unless such shares either have been owned by the Participant for a period of
time required by the Company (and not used for another option exercise by attestation during such
period) or were not acquired, directly or indirectly, from the Company.

          4.4 Tax Withholding.

               (a) In General. At the time the Option is exercised, in whole or in part, or at any time
thereafter as requested by a Participating Company, the Participant hereby authorizes withholding
from payroll and any other amounts payable to the Participant, and otherwise agrees to make
adequate provision for (including by means of a Cashless Exercise to the extent permitted by the
Company), any sums required to satisfy the federal, state, local and foreign tax (including any
social insurance) withholding obligations of the Participating Company Group, if any, which arise
in connection with the Option. The Company shall have no obligation to deliver shares of Stock
until the tax withholding obligations of the Participating Company Group have been satisfied by the
Participant.

               (b) Withholding in Shares. The Company shall have the right, but not the obligation, to
require the Participant to satisfy all or any portion of a Participating Company’s tax withholding
obligations upon exercise of the Option by deducting from the shares of Stock otherwise issuable to
the Participant upon such exercise a number of whole shares having a fair market value, as
determined by the Company as of the date of exercise, not in excess of the amount of such tax
withholding obligations determined by the applicable minimum statutory withholding rates.

          4.5 Beneficial Ownership of Shares; Certificate Registration. The Participant hereby
authorizes the Company, in its sole discretion, to deposit for the benefit of the

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Participant with any broker with which the Participant has an account relationship of which
the Company has notice any or all shares acquired by the Participant pursuant to the exercise of
the Option. Except as provided by the preceding sentence, a certificate for the shares as to which
the Option is exercised shall be registered in the name of the Participant, or, if applicable, in
the names of the heirs of the Participant.

          4.6 Restrictions on Grant of the Option and Issuance of Shares. The grant of the Option and
the issuance of shares of Stock upon exercise of the Option shall be subject to compliance with all
applicable requirements of federal, state or foreign law with respect to such securities. The
Option may not be exercised if the issuance of shares of Stock upon exercise would constitute a
violation of any applicable federal, state or foreign securities laws or other law or regulations
or the requirements of any stock exchange or market system upon which the Stock may then be listed.
In addition, the Option may not be exercised unless (i) a registration statement under the
Securities Act shall at the time of exercise of the Option be in effect with respect to the shares
issuable upon exercise of the Option or (ii) in the opinion of legal counsel to the Company, the
shares issuable upon exercise of the Option may be issued in accordance with the terms of an
applicable exemption from the registration requirements of the Securities Act. THE PARTICIPANT IS
CAUTIONED THAT THE OPTION MAY NOT BE EXERCISED UNLESS THE FOREGOING CONDITIONS ARE SATISFIED.
ACCORDINGLY, THE PARTICIPANT MAY NOT BE ABLE TO EXERCISE THE OPTION WHEN DESIRED EVEN THOUGH THE
OPTION IS VESTED. The inability of the Company to obtain from any regulatory body having
jurisdiction the authority, if any, deemed by the Company’s legal counsel to be necessary to the
lawful issuance and sale of any shares subject to the Option shall relieve the Company of any
liability in respect of the failure to issue or sell such shares as to which such requisite
authority shall not have been obtained. As a condition to the exercise of the Option, the Company
may require the Participant to satisfy any qualifications that may be necessary or appropriate, to
evidence compliance with any applicable law or regulation and to make any representation or
warranty with respect thereto as may be requested by the Company.

          4.7 Fractional Shares. The Company shall not be required to issue fractional shares upon the
exercise of the Option.

     5. Transferability of the Option.

          5.1 Except as provided in Section 5.2, the Option may be exercised during the lifetime of the
Participant only by the Participant or the Participant’s guardian or legal representative and shall
not be subject in any manner to anticipation, alienation, sale, exchange, transfer, assignment,
pledge, encumbrance, or garnishment by creditors of the Participant or the Participant’s
beneficiary, except transfer by will or by the laws of descent and distribution. Following the
death of the Participant, the Option, to the extent provided in Section 7, may be exercised by the
Participant’s legal representative or by any person empowered to do so under the deceased
Participant’s will or under the then applicable laws of descent and distribution.

          5.2 With the consent of the Committee and subject to any conditions or restrictions as the
Committee may impose, in its discretion, the Participant may transfer during the Participant’s
lifetime and prior to the Participant’s termination of Service all or any portion of the Option to
one or more of such persons (each a “Permitted Transferee”) as permitted in

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accordance with the applicable limitations, if any, described in the General Instructions to
the Form S-8 Registration Statement under the Securities Act and, if the Grant Notice designates
this Option as an Incentive Stock Option, only as permitted by applicable regulations under Section
421 of the Code in a manner that does not disqualify this Option as an Incentive Stock Option. No
transfer or purported transfer of the Option shall be effective unless and until: (i) the
Participant has delivered to the Company a written request describing the terms and conditions of
the proposed transfer in such form as the Company may require, (ii) the Participant has made
adequate provision, in the sole determination of the Company, for satisfaction of the tax
withholding obligations of the Participating Company Group as provided in Section 4.4 that may
arise with respect to the transferred portion of the Option, (iii) the Committee has approved the
requested transfer, and (iv) the Participant has delivered to the Company written documentation of
the transfer in such form as the Company may require. With respect to the transferred portion of
the Option, all of the terms and conditions of the Grant Notice, this Option Agreement and the Plan
shall apply to the Permitted Transferee and not to the original Participant, except for (i) the
Participant’s rendering of Service, (ii) provision for the Participating Company Group’s tax
withholding obligations, if any, and (iii) any subsequent transfer of the Option by the Permitted
Transferee, which shall be prohibited except as provided in Section 5.1, unless otherwise permitted
by the Committee, in its sole discretion. The Company shall have no obligation to notify a
Permitted Transferee of any expiration, termination, lapse or acceleration of the transferred
Option, including, without limitation, an early termination of the transferred Option resulting
from the termination of Service of the original Participant. Exercise of the transferred Option by
a Permitted Transferee shall be subject to compliance with all applicable federal, state and
foreign securities laws; however, the Company shall have no obligation to register with any
federal, state or foreign securities commission or agency such transferred Option or any shares
that may be issuable upon the exercise of the transferred Option by the Permitted Transferee.

     6. Termination of the Option.

          The Option shall terminate and may no longer be exercised after the first to occur of (a) the
close of business on the Option Expiration Date, (b) the close of business on the last date for
exercising the Option following termination of the Participant’s Service as described in Section 7,
or (c) a Change in Control to the extent provided in Section 8.

     7. Effect of Termination of Service.

          7.1 Option Exercisability. The Option shall terminate immediately upon the Participant’s
termination of Service to the extent that it is then unvested and shall be exercisable after the
Participant’s termination of Service to the extent it is then vested only during the applicable
time period as determined below and thereafter shall terminate.

               (a) Disability. If the Participant’s Service terminates because of the Disability of the
Participant, the Option, to the extent unexercised and exercisable for Vested Shares on the date on
which the Participant’s Service terminated, may be exercised by the Participant (or the
Participant’s guardian or legal representative) at any time prior to the expiration of twelve (12)
months after the date on which the Participant’s Service terminated, but in any event no later than
the Option Expiration Date.

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               (b) Death. If the Participant’s Service terminates because of the death of the Participant,
the Option, to the extent unexercised and exercisable for Vested Shares on the date on which the
Participant’s Service terminated, may be exercised by the Participant’s legal representative or
other person who acquired the right to exercise the Option by reason of the Participant’s death at
any time prior to the expiration of twelve (12) months after the date on which the Participant’s
Service terminated, but in any event no later than the Option Expiration Date. The Participant’s
Service shall be deemed to have terminated on account of death if the Participant dies within three
(3) months after the Participant’s termination of Service.

               (c) Termination for Cause. Notwithstanding any other provision of this Option Agreement to
the contrary, if the Participant’s Service is terminated for Cause or if, following the
Participant’s termination of Service and during any period in which the Option otherwise would
remain exercisable, the Participant engages in any act that would constitute Cause, the Option
shall terminate in its entirety and cease to be exercisable immediately upon such termination of
Service or act.

               (d) Other Termination of Service. If the Participant’s Service terminates for any reason,
except Disability, death or Cause, the Option, to the extent unexercised and exercisable for Vested
Shares by the Participant on the date on which the Participant’s Service terminated, may be
exercised by the Participant at any time prior to the expiration of three (3) months after the date
on which the Participant’s Service terminated, but in any event no later than the Option Expiration
Date.

          7.2 Extension if Exercise Prevented by Law. Notwithstanding the foregoing, other than
termination of the Participant’s Service for Cause, if the exercise of the Option within the
applicable time periods set forth in Section 7.1 is prevented by the provisions of Section 4.6, the
Option shall remain exercisable until the later of (a) thirty (30) days after the date such
exercise first would no longer be prevented by such provisions, or (b) the end of the applicable
time period under Section 7.1, but in any event no later than the Option Expiration Date.

     8. Effect of Change in Control.

          In the event of a Change in Control, except to the extent that the Committee determines to
cash out the Option in accordance with Section 13.1(c) of the Plan, the surviving, continuing,
successor, or purchasing corporation or other business entity or parent thereof, as the case may be
(the “Acquiror”), may, without the consent of the Participant, assume or continue in full force and
effect the Company’s rights and obligations under all or any portion of the Option or substitute
for all or any portion of the Option a substantially equivalent option for the Acquiror’s stock.
For purposes of this Section, the Option or any portion thereof shall be deemed assumed if,
following the Change in Control, the Option confers the right to receive, subject to the terms and
conditions of the Plan and this Option Agreement, for each share of Stock subject to such portion
of the Option immediately prior to the Change in Control, the consideration (whether stock, cash,
other securities or property or a combination thereof) to which a holder of a share of Stock on the
effective date of the Change in Control was entitled; provided, however, that if such consideration
is not solely common stock of the Acquiror, the Committee may, with the consent of the Acquiror,
provide for the consideration to be received

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upon the exercise of the Option for each share of Stock to consist solely of common stock of
the Acquiror equal in Fair Market Value to the per share consideration received by holders of Stock
pursuant to the Change in Control. The Option shall terminate and cease to be outstanding
effective as of the time of consummation of the Change in Control to the extent that the Option is
neither assumed or continued by the Acquiror in connection with the Change in Control nor exercised
as of the time of the Change in Control.

     9. Adjustments for Changes in Capital Structure.

          Subject to any required action by the stockholders of the Company and the requirements of
Sections 409A and 424 of the Code to the extent applicable, in the event of any change in the Stock
effected without receipt of consideration by the Company, whether through merger, consolidation,
reorganization, reincorporation, recapitalization, reclassification, stock dividend, stock split,
reverse stock split, split-up, split-off, spin-off, combination of shares, exchange of shares, or
similar change in the capital structure of the Company, or in the event of payment of a dividend or
distribution to the stockholders of the Company in a form other than Stock (excepting normal cash
dividends) that has a material effect on the Fair Market Value of shares of Stock, appropriate and
proportionate adjustments shall be made in the number, Exercise Price and kind of shares subject to
the Option, in order to prevent dilution or enlargement of the Participant’s rights under the
Option. For purposes of the foregoing, conversion of any convertible securities of the Company
shall not be treated as “effected without receipt of consideration by the Company.” Any fractional
share resulting from an adjustment pursuant to this Section shall be rounded down to the nearest
whole number and the Exercise Price shall be rounded up to the nearest whole cent. In no event may
the Exercise Price be decreased to an amount less than the par value, if any, of the stock subject
to the Option. Such adjustments shall be determined by the Committee, and its determination shall
be final, binding and conclusive.

     10. Rights as a Stockholder, Director, Employee or Consultant.

          The Participant shall have no rights as a stockholder with respect to any shares covered by
the Option until the date of the issuance of the shares for which the Option has been exercised (as
evidenced by the appropriate entry on the books of the Company or of a duly authorized transfer
agent of the Company). No adjustment shall be made for dividends, distributions or other rights
for which the record date is prior to the date the shares are issued, except as provided in Section
9. If the Participant is an Employee, the Participant understands and acknowledges that, except as
otherwise provided in a separate, written employment agreement between a Participating Company and
the Participant, the Participant’s employment is “at will” and is for no specified term. Nothing
in this Option Agreement shall confer upon the Participant any right to continue in the Service of
a Participating Company or interfere in any way with any right of the Participating Company Group
to terminate the Participant’s Service as a Director, an Employee or Consultant, as the case may
be, at any time.

     11. Notice of Sales Upon Disqualifying Disposition.

          The Participant shall dispose of the shares acquired pursuant to the Option only in accordance
with the provisions of this Option Agreement. In addition, if the Grant Notice

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designates this Option as an Incentive Stock Option, the Participant shall (a) promptly notify
the Chief Financial Officer of the Company if the Participant disposes of any of the shares
acquired pursuant to the Option within one (1) year after the date the Participant exercises all or
part of the Option or within two (2) years after the Date of Grant and (b) provide the Company with
a description of the circumstances of such disposition. Until such time as the Participant
disposes of such shares in a manner consistent with the provisions of this Option Agreement, unless
otherwise expressly authorized by the Company, the Participant shall hold all shares acquired
pursuant to the Option in the Participant’s name (and not in the name of any nominee) for the
one-year period immediately after the exercise of the Option and the two-year period immediately
after Date of Grant. At any time during the one-year or two-year periods set forth above, the
Company may place a legend on any certificate representing shares acquired pursuant to the Option
requesting the transfer agent for the Company’s stock to notify the Company of any such transfers.
The obligation of the Participant to notify the Company of any such transfer shall continue
notwithstanding that a legend has been placed on the certificate pursuant to the preceding
sentence.

     12. Legends.

          The Company may at any time place legends referencing any applicable federal, state or foreign
securities law restrictions on all certificates representing shares of stock subject to the
provisions of this Option Agreement. The Participant shall, at the request of the Company,
promptly present to the Company any and all certificates representing shares acquired pursuant to
the Option in the possession of the Participant in order to carry out the provisions of this
Section. Unless otherwise specified by the Company, legends placed on such certificates may
include, but shall not be limited to, the following:

“THE SHARES EVIDENCED BY THIS CERTIFICATE WERE ISSUED BY THE CORPORATION TO THE
REGISTERED HOLDER UPON EXERCISE OF AN INCENTIVE STOCK OPTION AS DEFINED IN SECTION
422 OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED (“ISO”). IN ORDER TO OBTAIN
THE PREFERENTIAL TAX TREATMENT AFFORDED TO ISOs, THE SHARES SHOULD NOT BE
TRANSFERRED PRIOR TO [INSERT DISQUALIFYING DISPOSITION DATE HERE]. SHOULD THE
REGISTERED HOLDER ELECT TO TRANSFER ANY OF THE SHARES PRIOR TO THIS DATE AND FOREGO
ISO TAX TREATMENT, THE TRANSFER AGENT FOR THE SHARES SHALL NOTIFY THE CORPORATION
IMMEDIATELY. THE REGISTERED HOLDER SHALL HOLD ALL SHARES PURCHASED UNDER THE
INCENTIVE STOCK OPTION IN THE REGISTERED HOLDER’S NAME (AND NOT IN THE NAME OF ANY
NOMINEE) PRIOR TO THIS DATE OR UNTIL TRANSFERRED AS DESCRIBED ABOVE.”

     13. Miscellaneous Provisions.

          13.1 Termination or Amendment. The Committee may terminate or amend the Plan or the Option at
any time; provided, however, that except as provided in Section 8 in connection with a Change in
Control, no such termination or amendment may adversely affect

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the Option or any unexercised portion hereof without the consent of the Participant unless
such termination or amendment is necessary to comply with any applicable law or government
regulation. No amendment or addition to this Option Agreement shall be effective unless in
writing.

          13.2 Further Instruments. The parties hereto agree to execute such further instruments and to
take such further action as may reasonably be necessary to carry out the intent of this Option
Agreement.

          13.3 Binding Effect. This Option Agreement shall inure to the benefit of the successors and
assigns of the Company and, subject to the restrictions on transfer set forth herein, be binding
upon the Participant and the Participant’s heirs, executors, administrators, successors and
assigns.

          13.4 Delivery of Documents and Notices. Any document relating to participation in the Plan or
any notice required or permitted hereunder shall be given in writing and shall be deemed
effectively given (except to the extent that this Option Agreement provides for effectiveness only
upon actual receipt of such notice) upon personal delivery, electronic delivery at the e-mail
address, if any, provided for the Participant by a Participating Company, or upon deposit in the
U.S. Post Office or foreign postal service, by registered or certified mail, or with a nationally
recognized overnight courier service, with postage and fees prepaid, addressed to the other party
at the address of such party set forth in the Grant Notice or at such other address as such party
may designate in writing from time to time to the other party.

               (a) Description of Electronic Delivery. The Plan documents, which may include but do not
necessarily include: the Plan, the Grant Notice, this Option Agreement, the Plan Prospectus, and
any reports of the Company provided generally to the Company’s stockholders, may be delivered to
the Participant electronically. In addition, if permitted by the Company, the Participant may
deliver electronically the Grant Notice and Exercise Notice called for by Section 4.2 to the
Company or to such third party involved in administering the Plan as the Company may designate from
time to time. Such means of electronic delivery may include but do not necessarily include the
delivery of a link to a Company intranet or the Internet site of a third party involved in
administering the Plan, the delivery of the document via e-mail or such other means of electronic
delivery specified by the Company.

               (b) Consent to Electronic Delivery. The Participant acknowledges that the Participant has
read Section 13.4(a) of this Option Agreement and consents to the electronic delivery of the Plan
documents and, if permitted by the Company, the delivery of the Grant Notice and Exercise Notice,
as described in Section 13.4(a). The Participant acknowledges that he or she may receive from the
Company a paper copy of any documents delivered electronically at no cost to the Participant by
contacting the Company by telephone or in writing. The Participant further acknowledges that the
Participant will be provided with a paper copy of any documents if the attempted electronic
delivery of such documents fails. Similarly, the Participant understands that the Participant must
provide the Company or any designated third party administrator with a paper copy of any documents
if the attempted electronic delivery of such documents fails. The Participant may revoke his or
her consent to the electronic delivery of documents described in Section 13.4(a) or may change the
electronic mail

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address to which such documents are to be delivered (if Participant has provided an electronic
mail address) at any time by notifying the Company of such revoked consent or revised e-mail
address by telephone, postal service or electronic mail. Finally, the Participant understands that
he or she is not required to consent to electronic delivery of documents described in Section
13.4(a).

          13.5 Integrated Agreement. The Grant Notice, this Option Agreement and the Plan, together
with any employment, service or other agreement between the Participant and a Participating Company
referring to the Option, shall constitute the entire understanding and agreement of the Participant
and the Participating Company Group with respect to the subject matter contained herein or therein
and supersede any prior agreements, understandings, restrictions, representations, or warranties
among the Participant and the Participating Company Group with respect to such subject matter. To
the extent contemplated herein or therein, the provisions of the Grant Notice, the Option Agreement
and the Plan shall survive any exercise of the Option and shall remain in full force and effect.

          13.6 Applicable Law. Except to the extent governed by applicable federal law, the validity,
interpretation, construction and performance of this Option Agreement shall be governed by the laws
of the State of California as such laws are applied to agreements between California residents
entered into and to be performed entirely within the State of California.

          13.7 Counterparts. The Grant Notice may be executed in counterparts, each of which shall be
deemed an original, but all of which together shall constitute one and the same instrument.

11

 

	 	 	 	 	 

	TM Incentive Stock Option

	 	Participant:	 	 
	 

	 	 	 	 
	TM Nonstatutory Stock Option

	 	Date:	 	 
	 

	 	 	 	 

STOCK OPTION EXERCISE NOTICE

REVA Medical, Inc.

Ladies and Gentlemen:

     1. Option. I was granted an option (the “Option”) to purchase shares of the common
stock (the “Shares”) of REVA Medical, Inc. (the “Company”) pursuant to the Company’s 2010 Equity
Incentive Plan (the “Plan”), my Notice of Grant of Stock Option (the “Grant Notice”) and my Stock
Option Agreement (the “Option Agreement”) as follows:

	 	 	 	 	 	 	 

	 

	 	Date of Grant:	 
	 
	 	 	 	 	 	 
	 

	 	Number of Option Shares:	 
	 
	 	 	 	 	 	 
	 

	 	Exercise Price per Share:
	$	 

     2. Exercise of Option. I hereby elect to exercise the Option to purchase the
following number of Shares, all of which are Vested Shares in accordance with the Grant Notice and
the Option Agreement:

	 	 	 	 	 	 	 

	 

	 	Total Shares Purchased:	 
	 
	 	 	 	 	 	 
	 

	 	Total Exercise Price (Total Shares X Price per Share)
	$	 

     3. Payments. I enclose payment in full of the total exercise price for the Shares in
the following form(s), as authorized by my Option Agreement:

	 	 	 	 	 	 	 

	 

	 	TM Cash:
	$	 
	 
	 	 	 	 	 	 
	 

	 	TM Check:
	$	 
	 
	 	 	 	 	 	 
	 

	 	TM Cashless Exercise:
	Contact Plan
 Administrator

	 
	 	 	 	 	 	 
	 

	 	TM Net Exercise:
	Contact Plan
 Administrator

	 
	 	 	 	 	 	 
	 

	 	TM Stock Tender Exercise:
	Contact Plan
 Administrator

     4. Tax Withholding. . If I am exercising a Nonstatutory Stock Option, I authorize
payroll withholding and otherwise will make adequate provision for the federal, state, local and
foreign tax

 

 

withholding obligations of the Company, if any, in connection with my exercise of the Option.
(Contact Plan Administrator for amount of tax due.)

     5. Participant Information.

	 	 	 	 	 

	 

	 	My address is:	 	 
	 

	 	 	 	 
	 
	 	 	 	 
	 

	 	 	 	 

	 	 	 	 	 

	 

	 	My Social Security Number is:	 	 
	 

	 	 	 	 

     6. Notice of Disqualifying Disposition. If the Option is an Incentive Stock Option, I
agree that I will promptly notify the Chief Financial Officer of the Company if I transfer any of
the Shares within one (1) year from the date I exercise all or part of the Option or within two (2)
years of the Date of Grant.

     7. Binding Effect. I agree that the Shares are being acquired in accordance with and
subject to the terms, provisions and conditions of the Grant Notice, the Option Agreement and the
Plan, to all of which I hereby expressly assent. This Agreement shall inure to the benefit of and
be binding upon my heirs, executors, administrators, successors and assigns.

	 	 	 	 	 
	 	Very truly yours,

 	 
	 	
 	 
	 	(Signature) 	 
	 	 	 
	 

	 	 	 	 	 

	Receipt of the above is hereby acknowledged.

	 
	 
	 	 	 	 
	REVA MEDICAL, INC.	 	 
	 
	 	 	 	 
	By:
	 	 	 	 
	 

	 	 

	 	 

	 	 	 	 	 
	Name:
	 	 	 	 
	 

	 	 

	 	 
	 
	 	 	 	 
	Title:
	 	 	 	 
	 

	 	 

	 	 
	 
	 	 	 	 
	Dated:
	 	 	 	 
	 

	 	 

	 	 

2exv10w18

Exhibit 10.18

FORM OF INDEMNIFICATION AGREEMENT

     This Indemnification Agreement, dated as of                                         , 2010, is made by and between
REVA Medical, Inc., a Delaware corporation (the “Company”), and                                                              (the
“Indemnitee”).

RECITALS

     A. The Company and Indemnitee recognize the difficulties associated with obtaining liability
insurance for the Company’s directors, officers, employees and other agents, including the rising
cost of such insurance and the general reductions in the coverage of such insurance;

     B. The Company and Indemnitee recognize the substantial increase in corporate litigation in
general, subjecting directors, officers, employees and other agents to expensive litigation risks
at the same time as the availability and coverage of liability insurance has been severely limited;

     C. The Company desires to attract and retain the services of talented and experienced
individuals, such as Indemnitee, to serve as directors, officers, employees and agents of the
Company and its subsidiaries and wishes to indemnify its directors, officers, employees and other
agents to the maximum extent permitted by law;

     D. Section 145 of the General Corporation Law of the State of Delaware, under which the
Company is organized (“Section 145”), empowers the Company to indemnify its directors, officers,
employees and agents by agreement and to indemnify persons who serve, at the request of the
Company, as the directors, officers, employees or agents of other corporations or enterprises, and
expressly provides that the indemnification provided by Section 145 is not exclusive; and

     E. In order to induce Indemnitee to serve or continue to serve as a director, officer,
employee or agent of the Company and/or one or more subsidiaries of the Company free from undue
concern for claims for damages arising out of or related to such services to the Company and/or one
or more subsidiaries of the Company, the Company has determined and agreed to enter into this
Agreement with Indemnitee.

AGREEMENT

     NOW, THEREFORE, Indemnitee and the Company hereby agree as follows:

     1. Definitions. As used in this Agreement:

          (a) “Agent” means any person who is or was a director, officer, employee or other agent of the
Company or a subsidiary of the Company; or is or was serving at the request of, for the convenience
of, or to represent the interests of the Company or a subsidiary of the Company as a director,
officer, employee or agent of another foreign or domestic corporation, limited liability company,
partnership, joint venture, employee benefit plan, trust, nonprofit entity or other
enterprise; or was a director, officer, employee or agent of a foreign or domestic

 

 

corporation
which was a predecessor corporation of the Company or a subsidiary of the Company, or was a
director, officer, employee or agent of another enterprise at the request of, for the convenience
of, or to represent the interests of such predecessor corporation.

          (b) “Board” means the Board of Directors of the Company.

          (c) A “Change in Control” shall mean “Change in Control” as defined in the Company’s 2010
Equity Incentive Award Plan, as in effect as of the date of this Agreement.

          (d) “Disinterested Director” means a director of the Company who is not and was not a party to
the matter in respect of which indemnification is sought by Indemnitee.

          (e) “Expenses” shall include all out-of-pocket costs of any type or nature whatsoever
(including, without limitation, all attorneys’ fees and related disbursements), actually and
reasonably incurred by Indemnitee in connection with either the investigation, defense or appeal of
a Proceeding or establishing or enforcing a right to indemnification under this Agreement, or
Section 145 or otherwise; provided, however, that “Expenses” shall not include any judgments,
fines, ERISA excise taxes or penalties, or amounts paid in settlement of a Proceeding.

          (f) “Independent Counsel” means a law firm, or a partner (or, if applicable, member) of such a
law firm, or an independent practitioner, that is experienced in matters of corporation law.
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.

          (g) “Proceeding” means any threatened, pending, or completed action, suit or other proceeding,
whether civil, criminal, administrative, or investigative.

          (h) “Subsidiary” means any corporation of which more than 50% of the outstanding voting
securities is owned directly or indirectly by the Company, by the Company and one or more other
subsidiaries, or by one or more other subsidiaries.

     2. Agreement to Serve. Indemnitee agrees to serve and/or continue to serve as an
Agent of the Company, at its will (or under separate agreement, if such agreement exists), in the
capacity Indemnitee serves as an Agent of the Company as
of the date of this Agreement, so long as Indemnitee is duly appointed or elected and
qualified in accordance with the applicable provisions of the By-laws of the Company or any
subsidiary of the Company or until such time as Indemnitee tenders his or her resignation in
writing; provided, however, that nothing contained in this Agreement is intended to create any
right to continued employment or other service with the Company by Indemnitee.

     3. Liability Insurance.

          (a) Maintenance of D&O Insurance. The Company hereby covenants and agrees that, so
long as Indemnitee shall continue to serve as an Agent of the Company and thereafter so long as
Indemnitee shall be subject to any possible Proceeding by reason of the fact

2

 

that Indemnitee was an
Agent of the Company, the Company, subject to Section 3(c), shall promptly obtain and maintain in
full force and effect directors’ and officers’ liability insurance (“D&O Insurance”) in reasonable
amounts from established and reputable insurers, as more fully described below.

          (b) Rights and Benefits. In all policies of D&O Insurance, Indemnitee shall qualify
as an insured in such a manner as to provide Indemnitee the same rights and benefits as are
accorded to the most favorably insured of the Company’s independent directors (as defined by the
insurer) if Indemnitee is such an independent director; of the Company’s non-independent directors
if Indemnitee is not an independent director; of the Company’s officers if Indemnitee is an officer
of the Company; or of the Company’s key employees, if Indemnitee is not a director or officer but
is a key employee. If Indemnitee is not a director, officer or an employee of the Company, but
rather is another agent of the Company, Indemnitee shall have rights and benefits under the D&O
Policy as are reasonable and customary for agents serving in such a capacity.

          (c) Limitation on Required Maintenance of D&O Insurance. Notwithstanding the
provisions of Sections 3(a) and 3(b) hereof, the Company shall have no obligation to obtain or
maintain D&O Insurance if the Company determines in good faith that: such insurance is not
reasonably available; the premium costs for such insurance are disproportionate to the amount of
coverage provided; the coverage provided by such insurance is limited by exclusions so as to
provide an insufficient benefit; Indemnitee is covered by similar insurance maintained by a
subsidiary of the Company; the Company is to be acquired and a tail policy of reasonable terms and
duration is purchased for pre-closing acts or omissions by Indemnitee; or the Company is to be
acquired and D&O Insurance will be maintained by the acquirer that covers pre-closing acts and
omissions by Indemnitee.

     4. Mandatory Indemnification. Subject to the terms of this Agreement:

          (a) Third Party Actions. If Indemnitee is a person who was or is a party or is
threatened to be made a party to, or is otherwise involved in, any Proceeding (other than an action
by or in the right of the Company) by reason of the fact that Indemnitee is or was an Agent of the
Company, or by reason of anything done or not done by Indemnitee in any such capacity, the Company
shall indemnify Indemnitee against all Expenses and liabilities of any type whatsoever (including,
but not limited to, judgments, fines, ERISA excise taxes and penalties, and amounts paid in
settlement) actually and reasonably incurred by Indemnitee in connection with the investigation,
defense, settlement or appeal of such Proceeding.

          (b) Derivative Actions. If Indemnitee is a person who was or is a party or is
threatened to be made a party to any Proceeding by or in the right of the Company by reason of the
fact that Indemnitee is or was an Agent of the Company, or by reason of anything done or not done
by Indemnitee in any such capacity, the Company shall indemnify Indemnitee against all Expenses
actually and reasonably incurred by Indemnitee in connection with the investigation, defense,
settlement or appeal of such Proceeding; except that no indemnification under this Section 4(b)
shall be made in respect to any claim, issue or matter as to which Indemnitee shall have been
finally adjudged to be liable to the Company by a court of competent jurisdiction unless and only
to the extent that the Delaware Court of Chancery or the court in which such Proceeding was brought
shall determine upon application that, despite the adjudication of

3

 

liability but in view of all the
circumstances of the case, Indemnitee is fairly and reasonably entitled to indemnity for such
amounts which the Delaware Court of Chancery or such other court shall deem proper.

          (c) Actions where Indemnitee is Deceased. If Indemnitee is a person who was or is a
party or is threatened to be made a party to any Proceeding by reason of the fact that Indemnitee
is or was an Agent of the Company, or by reason of anything done or not done by Indemnitee in any
such capacity, and if, prior to, during the pendency of or after completion of such Proceeding
Indemnitee is deceased, the Company shall indemnify Indemnitee’s heirs, executors and
administrators against all Expenses and liabilities of any type whatsoever to the extent Indemnitee
would have been entitled to indemnification pursuant to this Agreement were Indemnitee still alive.

          (d) Certain Terminations. 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 create a presumption that Indemnitee did not act in good faith and in a manner
which Indemnitee reasonably believed to be in or not opposed to the best interests of the Company
or, with respect to any criminal action or Proceeding, that Indemnitee had reasonable cause to
believe that Indemnitee’s conduct was unlawful.

          (e) Limitations. Notwithstanding the provisions of Sections 4(a), 4(b), 4(c) and 4(d)
hereof, the Company shall not be obligated to indemnify Indemnitee for Expenses or liabilities of
any type whatsoever for which payment (and the Company’s indemnification obligations under this
Agreement shall be reduced by such payment) is actually made to or on behalf of Indemnitee, by the
Company or otherwise, under an insurance policy, or under a valid and enforceable indemnity clause,
by-law or agreement; and, in the event the Company has previously made a payment to Indemnitee for
an Expense or liability of any type whatsoever for which payment is actually made to or on behalf
of Indemnitee under an insurance policy, or under a valid and enforceable indemnity clause, by-law
or agreement, Indemnitee shall return to the Company the amounts subsequently received by the
Indemnitee from such other source of indemnification.

     5. Indemnification for Expenses in a Proceeding in Which Indemnitee is Wholly or Partly
Successful.

          (a) Successful Defense. Notwithstanding any other provisions of this Agreement, to
the extent Indemnitee has been successful, on the merits or otherwise, in defense of any Proceeding
(including, without limitation, an action by or in the right of the Company) in which Indemnitee
was a party by reason of the fact that Indemnitee is or was an Agent of the Company at any time,
the Company shall indemnify Indemnitee against all Expenses actually and reasonably incurred by or
on behalf of Indemnitee in connection with the investigation, defense or appeal of such Proceeding.

          (b) Partially Successful Defense. Notwithstanding any other provisions of this
Agreement, to the extent that Indemnitee is a party to or a participant in any Proceeding
(including, without limitation, an action by or in the right of the Company) in which Indemnitee

4

 

was a party by reason of the fact that Indemnitee is or was an Agent of the Company at any time and
is successful, on the merits or otherwise, as to 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 or on behalf of Indemnitee in connection with each successfully resolved
claim, issue or matter.

          (c) Dismissal. For purposes of this Section 5 and without limitation, 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.

     6. Mandatory Advancement of Expenses. Subject to the terms of this Agreement and
following notice pursuant to Section 7(a) below, the Company shall advance all Expenses actually
and reasonably incurred by Indemnitee in connection with the investigation, defense, settlement or
appeal of any Proceeding to which the Indemnitee is a party or is threatened to be made a party by
reason of the fact that
the Indemnitee is or was an Agent of the Company (unless there has been a final judicial
decision from which there is no further right of appeal (a “final determination” that Indemnitee is
not entitled to indemnification for such Expenses) upon receipt of (i) an undertaking by or on
behalf of Indemnitee to repay the amount advanced in the event that there shall be a final
determination that Indemnitee is not entitled to indemnification by the Company and (ii)
satisfactory documentation supporting such Expenses. Such advances are intended to be an
obligation of the Company to Indemnitee hereunder and shall in no event be deemed to be a personal
loan. The advances to be made hereunder shall be paid by the Company to Indemnitee within sixty
(60) days following delivery of a written request therefor by Indemnitee to the Company.

     7. Notice and Other Indemnification Procedures.

          (a) Notice by Indemnitee. Promptly after receipt by Indemnitee of notice of the
commencement of or the threat of commencement of any Proceeding, Indemnitee shall, if Indemnitee
believes that indemnification with respect thereto may be sought from the Company under this
Agreement, notify the Company in writing of the commencement or threat of commencement thereof.

          (b) Insurance. If the Company receives notice pursuant to Section 7(a) hereof of the
commencement of a Proceeding that may be covered under D&O Insurance then in effect, the Company
shall give prompt notice of the commencement of such Proceeding to the insurers in accordance with
the procedures set forth in the respective policies.

          (c) Defense. In the event the Company shall be obligated to pay the Expenses of any
Proceeding against Indemnitee, the Company shall be entitled to assume the defense of such
Proceeding, with counsel selected by the Company and approved by Indemnitee (which approval shall
not be unreasonably withheld), upon the delivery to Indemnitee of written notice of its election so
to do. After delivery of such notice, and the retention of such counsel by the Company, the
Company will not be liable to Indemnitee under this Agreement for any fees of counsel subsequently
incurred by Indemnitee with respect to the same Proceeding, provided that (i) Indemnitee shall have
the right to employ his or her own counsel in any such Proceeding at Indemnitee’s expense; and (ii)
Indemnitee shall have the right to employ his or her own counsel

5

 

in any such Proceeding at the
Company’s expense if (A) the Company has authorized the employment of counsel by Indemnitee at the
expense of the Company, (B) Indemnitee shall have reasonably concluded based on the written advice
of Indemnitee’s legal counsel that there may be a conflict of interest between the Company and
Indemnitee in the conduct of any such defense, (C) after a Change in Control not approved by a
majority of the members of the Board who were directors immediately prior to such Change in
Control, the employment of counsel by Indemnitee has been approved by Independent Counsel,
or (D) the Company shall not, in fact, have employed counsel to assume the defense of such
Proceeding.

     8. Right to Indemnification.

          (a) Determination of Right to Indemnification. To obtain indemnification under this
Agreement, Indemnitee shall submit to the Company a written request, including therein or therewith
such documentation and information as is (i) reasonably available to Indemnitee, (ii) reasonably
necessary and (iii) not privileged or otherwise protected from disclosure to determine whether and
to what extent Indemnitee is entitled to indemnification. Upon written request by Indemnitee for
indemnification pursuant to the preceding sentence, a determination with respect to Indemnitee’s
entitlement thereto shall be made as follows: (i) if requested by Indemnitee, by Independent
Counsel, or (ii) if no request is made by Indemnitee for a determination by Independent Counsel,
(A) by the Board by a majority vote of a quorum consisting of the Disinterested Directors, or (B)
if a quorum of the Board consisting of Disinterested Directors is not obtainable or, even if
obtainable, such quorum of Disinterested Directors so directs, by Independent Counsel in a written
opinion to the Board, a copy of which shall be delivered to Indemnitee, or (C) if a quorum of
Disinterested Directors so directs, by the stockholders of the Company. In the event the
determination of entitlement to indemnification is to be made by Independent Counsel at the request
of Indemnitee, the Independent Counsel shall be selected by the Board unless there shall have
occurred within two (2) years prior to the date of the commencement of the action, suit or
proceeding for which indemnification is claimed a “Change in Control”, in which case the
Independent Counsel shall be selected by Indemnitee unless Indemnitee shall request that such
selection be made by the Board. Any Independent Counsel, member of the Board or stockholder of the
Company shall act reasonably and in good faith in making a determination regarding Indemnitee’s
entitlement to indemnification under this Agreement.

          (b) Application to Court. If (i) the claim for indemnification or advancement of
Expenses is denied, in whole or in part, (ii) no disposition of such claim is made by the Company
within sixty (60) days after the request therefor, (iii) the advancement of Expenses is not timely
made pursuant to Section 6 of this Agreement or (iv) payment of indemnification is not made
pursuant to Section 5 of this Agreement, Indemnitee shall have the right to apply to the Delaware
Court of Chancery, the court in which the Proceeding is or was pending or any other court of
competent jurisdiction, for the purpose of enforcing Indemnitee’s right to indemnification
(including the advancement of Expenses) pursuant to this Agreement.

          (c) Expenses Related to the Enforcement or Interpretation of this Agreement. The
Company shall indemnify Indemnitee against all reasonable Expenses incurred by Indemnitee in
connection with any hearing or proceeding under this Section 8 involving Indemnitee and against all reasonable Expenses incurred by
Indemnitee in connection with any

6

 

other proceeding between the Company and Indemnitee involving the
interpretation or enforcement of the rights of Indemnitee under this Agreement, unless a court of
competent jurisdiction finds that each of the claims and/or defenses of Indemnitee in any such
proceeding was frivolous or made in bad faith.

     9. Exceptions. Any other provision herein to the contrary notwithstanding, the
Company shall not be obligated:

          (a) Claims Initiated by Indemnitee. To indemnify or advance Expenses to Indemnitee
with respect to Proceedings or claims initiated or brought voluntarily by Indemnitee and not by way
of defense, with a reasonable allocation where appropriate, unless (i) such indemnification is
expressly required to be made by law, (ii) the Proceeding was authorized by the Board, (iii) such
indemnification is provided by the Company, in its sole discretion, pursuant to the powers vested
in the Company under the General Corporation Law of the State of Delaware or (iv) the Proceeding is
brought to establish or enforce a right to indemnification under this Agreement or any other
statute or law or otherwise as required under Section 145 in advance of a final determination;

          (b) Lack of Good Faith. To indemnify Indemnitee for any Expenses incurred by
Indemnitee with respect to any Proceeding instituted by Indemnitee to enforce or interpret this
Agreement, if a court of competent jurisdiction determines that each of the material assertions
made by Indemnitee in such Proceeding was not made in good faith or was frivolous;

          (c) Unauthorized Settlements. To indemnify Indemnitee under this Agreement for any
amounts paid in settlement of a Proceeding unless the Company provides its prior written consent to
such settlement, which consent shall not be unreasonably withheld;

          (d) Claims Under Section 16(b). To indemnify Indemnitee for Expenses associated with
any Proceeding related to, or the payment of profits made from, the purchase and sale (or sale and
purchase) by Indemnitee of securities of the Company within the meaning of Section 16(b) of the
Securities Exchange Act of 1934, as amended, or similar provisions of state statutory law or common
law; or

          (e) Payments Contrary to Law. To indemnify or advance Expenses to Indemnitee for
which payment is prohibited by applicable law.

     10. Non-Exclusivity. The provisions for indemnification and advancement of Expenses
set forth in this Agreement shall not be deemed exclusive of any other rights which Indemnitee may
have under any provision of law, the Company’s Certificate of Incorporation or By-laws, the vote of
the Company’s stockholders or disinterested directors, other agreements, or otherwise, both as to
action in
Indemnitee’s official capacity and as to action in another capacity while occupying
Indemnitee’s position as an Agent of the Company, and Indemnitee’s rights hereunder shall continue
after Indemnitee has ceased acting as an Agent of the Company and shall inure to the benefit of the
heirs, executors and administrators of Indemnitee.

     11. Permitted Defenses. It shall be a defense to any action for which a claim for
indemnification is made under this Agreement (other than an action brought to enforce a claim for
expenses incurred in defending any proceeding in advance of its final disposition where the

7

 

Indemnitee has made an undertaking to repay any amounts advanced in the event that there shall be a
final determination that Indemnitee is not entitled to indemnification by the Company) that the
Indemnitee has not met the standard of conduct which makes it permissible under the General
Corporation Law of the State of Delaware for the Company to indemnify the Indemnitee for the amount
claimed (but the burden of proving such defense shall be on the Company) or that Indemnitee is not
entitled to indemnification because of the limitations set forth in Section 9 hereof. Neither the
failure of the Company (including its Board, Independent Counsel or stockholders) to have made a
determination prior to the commencement of such action that indemnification of the Indemnitee is
proper in the circumstances because he or she has met the applicable standard of conduct set forth
in the General Corporation Law of the State of Delaware, nor an actual determination by the Company
(including its Board, Independent Counsel or stockholders) that the Indemnitee has not met such
applicable standard of conduct, shall be a defense to the action or create a presumption that the
Indemnitee has not met the applicable standard of conduct.

     12. Subrogation. In the event the Company is obligated to make a payment under this
Agreement, the Company shall be subrogated to the extent of such payment to all of the rights of
recovery under an insurance policy or any other indemnity agreement covering Indemnitee, who shall
execute all documents required and take all action that may be necessary to secure such rights and
to enable the Company effectively to bring suit to enforce such rights (provided that the Company
pays Indemnitee’s costs and expenses of doing so), including without limitation by assigning all
such rights to the extent of such indemnification or advancement of Expenses.

     13. Survival of Rights.

          (a) All agreements and obligations of the Company contained herein shall continue during the
period Indemnitee is an Agent of the Company and shall continue thereafter so long as Indemnitee
shall be subject to any possible claim or threatened, pending or completed Proceeding by reason of
the fact that Indemnitee was serving in the capacity referred to herein.

          (b) The Company shall require any successor to the Company (whether direct or indirect, by
purchase, merger, consolidation or otherwise) to all or substantially all of the business or assets
of the Company, 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.

     14. Interpretation of Agreement. It is understood that the parties hereto intend
this Agreement to be interpreted and enforced so as to provide indemnification to Indemnitee to the
fullest extent permitted by law, including those circumstances in which indemnification would
otherwise be discretionary.

     15. Severability. 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 the Agreement (including, without limitation, all
portions of any paragraphs of this Agreement containing any such provision held to be invalid,
illegal or unenforceable, that are not themselves invalid, illegal or unenforceable) shall not in
any way be affected or impaired thereby, and (ii) to the fullest extent possible, the provisions of
this

8

 

Agreement (including, without limitation, all portions of any paragraph of this Agreement
containing any such provision held to be invalid, illegal or unenforceable, that are not themselves
invalid, illegal or unenforceable) shall be construed so as to give effect to the intent manifested
by the provision held invalid, illegal or unenforceable and to give effect to Section 15 hereof.

     16. Modification and Waiver. No supplement, modification or amendment of this
Agreement shall be binding unless it is in a writing signed by both of the parties hereto. No
waiver of any of the provisions of this Agreement shall be deemed or shall constitute a waiver of
any other provisions hereof (whether or not similar) nor shall such waiver constitute a continuing
waiver.

     17. Notice. All notices, requests, demands and other communications under this
Agreement shall be in writing and shall be deemed to have been duly given (a) upon delivery if
delivered by hand to the party to whom such notice or other communication shall have been directed,
(b) if mailed by certified or registered mail with postage prepaid, return receipt requested, on
the third business day after the date on which it is so mailed, (c) one business day after the
business day of deposit with a nationally recognized overnight delivery service, specifying next
day delivery, with written verification of receipt, or (d) on the same day as delivered by
confirmed facsimile transmission if delivered during business hours or on the next successive
business day if delivered by confirmed facsimile transmission after business hours. Addresses for
notice to either party shall be as set forth in the Company’s books, or to such other address as
may have been furnished by either party in the manner set forth above.

     18. Governing Law. This Agreement shall be governed exclusively by and construed
according to the laws of the State of Delaware as applied to contracts between Delaware residents
entered into and to be performed entirely within Delaware. This Agreement is intended to be an
agreement of the type contemplated by Section 145 (f) of the General Corporation Law of the State
of Delaware.

     19. 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. Only one such counterpart signed by the party against whom
enforcement is sought needs to be produced to evidence the existence of this Agreement.

     The parties hereto have entered into this Indemnification Agreement effective as of the
date first above written.

9

 

	 	 	 	 	 	 	 

	Indemnitee:	 	 	 	The Company:
	 
	 	 	 	 	 	 
	 	 	 	 	REVA MEDICAL, INC.
	 

	 	 	 	 	 	 
	 

[Name of Indemnitee]

	 	 	 	By: 	 	 
	 

	 	 	 	 	 	 
	 

	 	 	 	 	Title: 	 
	 

	 	 	 	 	 	 

10

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