Document:

EX-4.2

 Exhibit 4.2 

  
 Executive
Employment Agreement page 1 

 

 
  

 Novogen - Executive Employment Agreement 
 General terms 
  

	1	Commencement of employment 

  

	1.1	Commencement 

 The
Executive’s employment with the Company will commence on the date specified in Item 1 of Schedule 1 (“Commencement Date”) and will continue until terminated in accordance with clause 12. 

 

	1.2	Probationary period 

 The
Executive’s employment with the Company is not subject to a probation period. 
  

	2	Employment and Duties of Executive 

  

	2.1	Position 

 The Company
will employ the Executive and the Executive will work only for the Company (and the Group): 
  

	 	(a)	in the Position at the Location; and 

  

	 	(b)	in any additional or reasonably comparable substituted position directed by the Company and to which the Executive is appointed by the Company, after consultation with
the Executive. 

  

	2.2	Responsibilities to the Company 

 The Executive is responsible to the Company and must: 
  

	 	(a)	comply with all reasonable and lawful directions of the Company; and 

  

	 	(b)	provide the Company with information and reports: 

  

	 	(i)	as to the affairs of the Company as the Company may request from time to time; and 

 

	 	(ii)	so as to keep the Company fully informed of all material developments in or relevant to the Company’s affairs within the scope of their duties.

  

	2.3	Duties and powers of the Executive 

 The Executive must faithfully and diligently perform their duties and exercise their powers consistent with the Position: 
  

	 	(a)	as may be varied from time to time by the Company; 

  

	 	(b)	as assigned to or vested in the Executive from time to time by the Company; and 

 

	 	(c)	in accordance with the rules and procedures of the Company (including any authority levels or governance guidelines). 

 

	2.4	Continuation of this Agreement 

 For the avoidance of doubt, the terms of this Agreement continue to apply even if: 
  

	 	(a)	the powers and duties of the Position are varied in accordance with clauses 2.1 or 2.3; 

 

	 	(b)	the Executive is appointed to another position of employment with the Company or a Group Company; or 

 

	 	(c)	the Location of the Position is changed with the Executive’s agreement. 

  
 Executive
Employment Agreement page 2 

	3	Other activities 

  

	3.1	Other activities and interests 

 The Executive must not at any time during their employment without the written consent of the Company, be: 
  

	 	(a)	employed in or provide services to any other company, business or occupation; or 

 

	 	(b)	engaged in any other activity or have any other interest (direct or indirect) which gives rise (or may be reasonably expected to give rise) to a conflict between the
personal interest of the Executive in respect of that activity or interest and their obligations to the Company or a Group Company. 

  

	3.2	Permissible conduct 

Despite the provisions of clause 3.1, the Executive may hold up to 5% of the equity (directly or through nominees) in any company, whether
listed or not on any recognised stock exchange. 
  

	3.3	Professional development 

The Executive must keep themselves informed of general business developments, and develop professional knowledge with respect to the
business activities of the Company and the Group. 
  

	3.4	Involvement with professional bodies 

 Despite the provisions of clause 3.1, the Executive is not prevented from reasonable involvement in any professional or educational activity or body. 

 

	4	Company Policies 

  

	 	(a)	The Executive’s employment with the Company will be subject to the Company Policies. 

 

	 	(b)	The Executive acknowledges and agrees: 

  

	 	(i)	to review the Company Policies; 

  

	 	(ii)	to remain familiar with the Company Policies throughout the Executive’s employment; and 

 

	 	(iii)	to comply with directives and procedures stated in Company Policies as they operate from time to time. 

 

	5	Hours of work 

  

	5.1	Usual hours 

 The
Executive’s Usual Hours of work will be an average of 38 hours per week, worked on Monday to Friday inclusive (“Usual Hours”). The Executive will also be required to work additional hours beyond the Executive’s Usual
Hours, including work on a Saturday or Sunday (“Additional Hours”) as required by business demands and the proper discharge of the Duties. The Executive acknowledges that given the nature of the Position and the remuneration payable
under this agreement the requirement to work Additional Hours is reasonable. 
  

	5.2	Averaging of hours 

 The
Executive’s average hours worked per week will be calculated; 
  

	 	(a)	during the Executive’s first 12 months of employment, over the Executive’s period of continuous service with the Company; and 

 

	 	(b)	after the Executive has worked with Company for 12 months, over the Executive’s last 12 months of continuous service with the Company. 

  
 Executive
Employment Agreement page 3 

 

 
  

	5.3	Payment for hours worked 

The Executive agrees and acknowledges that: 
  

	 	(a)	the Executive’s remuneration comprises compensation for: 

  

	 	(i)	Usual Hours; and 

  

	 	(ii)	all and any Additional Hours, worked by the Executive; and 

  

	 	(b)	the Executive is not entitled to payment of any amount in addition to the Remuneration Package for any hours worked by the Executive outside the Usual Hours.

  

	6	Remuneration 

  

	6.1	Remuneration package 

  

	 	(a)	The Executive will receive an annual Remuneration Package comprising a combination of: 

 

	 	(i)	Base Salary of the amount in Item 3 of Schedule 1 (“Base Salary”) which will be payable in equal monthly installments; 

 

	 	(ii)	superannuation contributions required by law to be made by the Company in respect of the Executive (which is to be paid into a complying superannuation fund agreed by
the parties); 

  

	 	(iii)	other benefits specified in Item 4 of Schedule 1. 

  

	 	(b)	The Remuneration Package is subject to the deduction, or withholding of any amounts on account of, any applicable taxation. 

 

	6.2	Remuneration review 

 The
Remuneration Package is subject to annual review with any changes effected on the date in Item 5 of Schedule 1. 
  

	6.3	No Director’s remuneration 

 The Remuneration Package is paid in respect of all services provided by the Executive to the Company and all Group Companies under this Agreement, including services in connection with holding office as a
director of the Company or of any Group Company. No separate amount is payable by the Company to the Executive in respect of their services as a director of the Company or of any Group Company or other services to those entities. 

 

	6.4	Reimbursement of expenses 

Subject to clause 6.5, the Company must reimburse the Executive for all out-of-pocket expenses which have been reasonably incurred by the
Executive in the performance of the Duties, provided that: 
  

	 	(a)	the Executive has provided the Company or their nominee with evidence of the incurring of the expenses as the Company reasonably requires; and 

 

	 	(b)	the Executive has not exceeded any annual expenditure budget in respect of those expenses. 

 

	6.5	Deductions 

 The Company
may deduct from salary or other sums due to the Executive (including, to the extent permitted by law, amounts payable on the cessation of the Executive’s employment) any amounts owed by the Executive on any account to the Company. 

  
 Executive
Employment Agreement page 4 

	7	Annual leave 

  

	7.1	Annual leave entitlement 

The Executive is entitled to paid annual leave of 20 working days for each completed year of employment with the Company. 

 

	7.2	Time for taking annual leave 

 Annual leave is to be taken at a time or times agreed between the Executive and the Company, taking into account the Company’s operational requirements and the Executive’s holiday options. The
Executive should obtain written approval prior to booking travel or accommodation. 
  

	7.3	Right to direct leave 

  

	 	(a)	Despite clause 7.2, if agreement about the taking of leave is not reached between the parties, the Company may direct the Executive to take leave at any time by giving
the Executive one month’s notice in writing. 

  

	 	(b)	The Company may also direct you to take annual leave during a closure of its offices over the Christmas and New Year period. If the Executive does not have sufficient
annual leave accrued to cover the closure period, the Company may allocate to the directed leave, leave which accrues at a later stage. 

  

	8	Personal / carer’s leave 

  

	8.1	Entitlement 

 The
Executive will be entitled to 10 days paid personal leave for each 12 months employment with the Company. 
  

	8.2	When it may be taken 

Personal leave may be taken where: 
  

	 	(a)	(sick leave): the Executive is prevented from attending work due to personal illness or injury; 

 

	 	(b)	(carer’s leave): the Executive is required to provide care or support to a member of their immediate family or household who requires support because of:

  

	 	(i)	a personal illness or injury; 

  

	 	(ii)	an unexpected emergency affecting the member. 

  

	8.3	Accrual of leave 

 Unused
personal leave will accrue from year to year. However, the maximum amount of paid carer’s leave the Executive may take in any 12 month period is capped at 10 days. 
  

	8.4	Unpaid personal leave 

Where the Executive has exhausted their personal leave entitlements, they may also take 2 days of unpaid leave for each occasion on which
a member of their immediate family or household requires care or support because of: 
  

	 	(a)	a personal illness, or injury, of the member; or 

  

	 	(b)	an unexpected emergency affecting the member. 

  

	8.5	Evidence 

 The
Executive’s entitlement to take and receive payment for any personal leave under this clause is conditional upon the Executive providing the Company: 
  

	 	(a)	a medical certificate (or if not practicable a statutory declaration) evidencing that the Executive is not fit to attend work (for sick leave) or the condition of the
Executive’s family or household member requiring the Executive’s care (for carer’s leave); 

  

	 	(b)	reasonable evidence of an unexpected emergency under clauses 8.2(b)(ii) or 8.4(b). 

  
 Executive
Employment Agreement page 5 

 

 
  

	9	Compassionate Leave 

 The
Executive is entitled to take compassionate leave in accordance with the Fair Work Act 2009 (Cth). 
  

	10	Parental leave 

 The
Executive is entitled to take parental leave in accordance with the Fair Work Act 2009 (Cth). 
  

	11	Long service leave 

 The
Executive is entitled to long service leave in accordance with the applicable legislation in the Location. 
  

	12	Termination 

  

	12.1	Termination on notice 

This Agreement may be terminated by either party providing the period of written notice of termination specified in Item 6 of Schedule 1
to the other party. The Company may terminate the Executive’s employment by making a payment of Base Salary plus superannuation contributions in lieu (in whole or in part) of this notice period. 

 

	12.2	Summary termination by the Company 

 Notwithstanding the provisions of clause 12.1 the Company may, at any time by notice in writing, summarily terminate the Executive’s employment (that is, immediately and without payment in lieu of
notice) if the Executive: 
  

	 	(a)	engages in any act or omission constituting serious misconduct; 

  

	 	(b)	is unfit to perform duties due to intoxication by alcohol or drugs; 

  

	 	(c)	in the reasonable opinion of the Company, materially or persistently fails or neglects to perform or carry out their powers or Duties; 

 

	 	(d)	commits a serious or persistent breach or non-observance of: 

  

	 	(i)	a term or terms of this Agreement; 

  

	 	(ii)	industry standards; or 

  

	 	(iii)	a policy or policies in the Company Policies; 

  

	 	(e)	is convicted of a criminal offence which in the reasonable opinion of the Company might tend to injure the reputation or the business of the Company or the Group;

  

	 	(f)	refuses or neglects to comply with any lawful and reasonable order given to the Executive by the Company or any other person duly authorised by the Company;

  

	 	(g)	breaches or threatens to breach a regulatory compliance requirement which causes the Company or the Group to: 

 

	 	(i)	lose a licence or its compliance status; 

  

	 	(ii)	put a licence or its compliance status at risk; or 

  

	 	(iii)	be subjected to a “show cause” notice issued by a Government Agency, in respect of the Company or the Group operating the Business; 

  
 Executive
Employment Agreement page 6 

	 	(h)	is bankrupt or suspends payment or compounds with or assigns their estate for the benefit of their creditors; 

 

	 	(i)	is continually and repeatedly absent from their employment during normal working hours for reasons other than holiday leave, leave arising from sickness or disability
or other absences that are approved by the Company; 

  

	 	(j)	has provided the Company with information about the Executive’s qualifications, experience, character or reputation which is misleading or was intended to be false
or misleading; or 

  

	 	(k)	is incapacitated from performing their duties for an aggregate period of three months in any period of 12 months. 

 

	12.3	Investigation 

 If it is
alleged that the Executive has engaged in conduct of a type referred to in clause 12.2 or, if in the reasonable opinion of the Company the circumstances warrant: 
  

	 	(a)	the Company may appoint a person to conduct any investigation they think fit into the allegations or the relevant circumstances (this includes but is not limited to
requiring drug and alcohol testing or other medical examinations to establish the Executive’s fitness for work); and 

  

	 	(b)	the Executive must attend the offices of the Company or elsewhere and give information, explanation or other assistance to the person conducting the investigation, as
reasonably required by the Company or any other person authorised by the Company. 

  

	12.4	Suspension 

 During the
whole or part of a period of investigation conducted under clause 12.3, the Company may, in their absolute discretion, decide to suspend the Executive with pay for a period: 

 

	 	(a)	not exceeding four weeks; and 

  

	 	(b)	during which the Company is not obliged to provide the Executive with work; and 

 

	 	(c)	during which the Executive is not permitted to enter or attend the premises of the Company. 

 

	12.5	Resignation as Director 

If, on termination of this Agreement, the Executive is a director of the Company, Group Company or any Related Body Corporate, the
Executive must resign as director of that company (or companies where the Executive holds multiple directorships) and will release the Company, Group Company and Related Body Corporate from liability in respect of completing the resignation of such
directorships. 
  

	12.6	Appointment of attorney 

The Executive irrevocably appoints the chairman of the Board, as appointed from time to time, to be his attorney and in the
Executive’s name and on his behalf to execute any document and do anything necessary: 
  

	 	(a)	to assign to the Company any right, title and interest in any Intellectual Property Rights as provided for in clause 14; and 

 

	 	(b)	to effect the Executive’s resignation as a director of the Company or any Group Company if the Executive’s employment with the Company is terminated.

  

	13	Directed Leave Period 

  

	13.1	Directed Leave Period 

 At
any time after notice to terminate the Employment is given by either party under clause 12, or if the Executive resigns without giving due notice and the Company does not release the Executive from employment, the Company may require the Executive
to comply with any or all of the provisions in clause 13.2 for a period of up to the period specified in Item 6 of Schedule 1 (referred to as the “Directed Leave Period”). 

  
 Executive
Employment Agreement page 7 

 

 
  

	13.2	Restrictions on Executive 

The Company may in writing direct that the Executive does not: 

 

	 	(a)	enter or attend the premises of the Company or of any Group Company; 

  

	 	(b)	contact or have any communication with any customer or client of the Company or the Group in relation to the Company’s or the Group’s business;

  

	 	(c)	contact or have any communication with any employee, officer, director, agent or consultant of the Company or the Group in relation to the Company’s or the
Group’s business; or 

  

	 	(d)	remain or become involved in any aspect of the business of the Company or the Group, except as required by the Company. 

 

	13.3	Entitlements of Executive during Directed Leave Period 

 During the Directed Leave Period, the Executive is entitled to receive their Remuneration Package and all other benefits in accordance with the terms of this Agreement. 

 

	13.4	End of Directed Leave Period 

 At the end of the Directed Leave Period, the Company may, in its absolute discretion, make a payment to the Executive in lieu of the balance of any period of notice given by the Company or the Executive
under clause 12, being an amount calculated of the Executive’s Base Salary plus superannuation less any deductions the Company is required by law to make. 
  

	13.5	Executive may carry on activities 

 Nothing in clauses 13.1 to 13.4 inclusive: 
  

	 	(a)	requires the Executive to be idle during the Directed Leave Period and, for the avoidance of doubt and except in relation to the activities set out in clause 13.2, the
Executive is able to undertake any activity during the Directed Leave Period provided that such activity does not amount to employment of the Executive by a third party or the provision by the Executive of their services either directly or
indirectly to a third party; nor 

  

	 	(b)	precludes the Executive from having normal social contact with friends, relatives or any other persons during the Directed Leave Period provided that such contact does
not lead to a breach of any of the provisions of this Agreement. 

  

	14	Intellectual Property 

  

	14.1	Assignment of Intellectual Property Rights 

 The Executive assigns to the Company all present and future right, title and interest in and to all Intellectual Property Rights in inventions, works or other subject matter in which copyright exists,
designs, developments, databases, concepts, improvements or trade secrets, whether or not patentable or registrable under copyright or similar laws or any other works in which Intellectual Property Rights exist that are created, written or otherwise
brought into existence by the Executive: 
  

	 	(a)	in the course of their employment; 

  

	 	(b)	solely or jointly with others; 

  

	 	(c)	using the Company’s technology; or 

  

	 	(d)	in any way related to the Company or its business, 

 (“Inventions”). 

  
 Executive
Employment Agreement page 8 

	14.2	Prior Inventions 

 The
Executive warrants that Schedule 2 lists all inventions, works or other subject matter in which copyright exists, developments, databases, concepts, improvements or trade secrets, whether or not patentable or registrable under copyright or similar
laws or any other works in which Intellectual Property Rights exist that: 
  

	 	(a)	were developed by the Executive prior to their employment with the Company; 

 

	 	(b)	relate to the Company’s proposed business, products or research and development; and 

 

	 	(c)	will not be assigned to the Company under this Agreement, 

 (“Prior Inventions”). 
  

	14.3	Use of Prior Inventions 

If the Executive uses Prior Inventions to develop Inventions or they use any material that contains any Intellectual Property Rights not
assigned to the Company under clause 14.1 (“Assignment of Intellectual Property Rights”) then the Executive grants to the Company, a perpetual, irrevocable, transferable, non-excusive, royalty-free licence to: 

 

	 	(a)	use, reproduce, modify, adapt and communicate to the public, the Prior Inventions; 

 

	 	(b)	permit any person to assist the Company to do any of the things referred to in clause 14.3; and 

 

	 	(c)	sublicense some or all of the rights in clause 14.3(a) and (b) to any person. 

 

	14.4	Moral Rights 

 The
Executive irrevocably waives any Moral Rights they have in the Inventions and irrevocably consents to the Company (or any person authorised by the Company): 
  

	 	(a)	exercising the rights of copyright ownership in the Inventions including the right to use, reproduce, publish, perform, transmit, communicate to the public, adapt,
exhibit, modify or destroy the Inventions or any part of it (even if it results in derogatory treatment) without attribution to, or consultation with, the author; and 

 

	 	(b)	attributing another person or persons as the author of the or any part of it. 

 The Executive warrants they have obtained waivers and consents similar to those in clause 14.2 from any other person with any Moral Rights in the Inventions. 

 

	14.5	Assistance in registrations 

 The Executive agrees to give the Company all necessary assistance in protecting and registering Intellectual Property Rights in Inventions including executing documents relevant to the protection or
registration of Intellectual Property Rights. 
  

	15	Confidentiality 

  

	15.1	Access to Confidential Information 

 The Executive acknowledges that, having regard to the Executive’s Duties with the Company, they have or will have access to Confidential Information and that disclosure of any Confidential
Information or knowledge could materially harm the Company and the Group. 
  

	15.2	Acknowledgment 

 The
Executive acknowledges that: 
  

	 	(a)	the Confidential Information is solely and exclusively the property of the Company and the Group; 

  
 Executive
Employment Agreement page 9 

 

 
  

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

 

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

 

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

 

	15.3	Not to divulge Confidential Information 

 The Executive agrees that, during and after the term of the Executive’s employment with the Company, the Executive will not divulge to any person or use any Confidential Information except:

  

	 	(a)	in the proper course of their Duties; or 

  

	 	(b)	as permitted by the Company; or 

  

	 	(c)	as required by law or compelled by any Government Agency. 

  

	15.4	Best endeavours 

 The
Executive agrees that during the term of the Executive’s employment the Executive will use their best endeavours to prevent the publication, use or disclosure of any Confidential Information and without limitation, so far as is reasonably
practicable, the Executive must: 
  

	 	(a)	maintain proper and secure custody of Confidential Information; and 

  

	 	(b)	prevent the use by third parties of Confidential Information. 

  

	15.5	Information already available to the public 

 Clauses 15.3 and 15.4 do not apply to information which is freely available to the public, other than as a result of a breach by the Executive of this Agreement. 

 

	15.6	Uncertainty 

 If it is
uncertain whether: 
  

	 	(a)	any information is Confidential Information; or 

  

	 	(b)	any Confidential Information is lawfully freely available to the public, 

 the information is taken to be Confidential Information and it is taken not to be freely available to the public unless the Company informs the Executive in writing to the contrary. 

 

	15.7	Limitation of disclosure 

Before the Executive discloses any Confidential Information under any law or under compulsion by any Government Agency the Executive must
provide the Company with: 
  

	 	(a)	sufficient notice of the disclosure to be made; and 

  

	 	(b)	all assistance and co-operation which the Company considers necessary in regard to such a disclosure. 

 

	16	Documents and other property of the Company 

  

	16.1	Return of property on cessation 

 On cessation of the Executive’s employment with the Company, the Executive agrees to immediately deliver to the Company or its authorised representative without any further demand: 

 

	 	(a)	any documents in the Executive’s possession, custody or control relating in any way to any Confidential Information of the Company or the Group, or to the business
or affairs of the Company or the Group; and 

  

	 	(b)	any property (including any computer software, hardware or programs) of the Company or the Group or thing which the Company or the Group is entitled to possess.

  
 Executive
Employment Agreement page 10 

	16.2	Retention of documents 

The Executive is not entitled to retain a copy of a document referred to in clause 16.1. 

 

	17	Publications 

 The
Executive must obtain express approval from the Company before making any media announcement, statement or release, in respect of the Executive’s activities, the Company or any termination from the Company. 

 

	18	Protection of the Company’s interests 

  

	18.1	Non-competition undertaking 

  

	 	(a)	The Executive must not, during the Restraint Period, either directly or indirectly, be engaged, concerned, or interested in any business which is the same as or
substantially similar to the Business (or any material part of it) in the Restrained Geographic Location: 

  

	 	(i)	alone or in association or partnership with; or 

  

	 	(ii)	as an employee, agent, director, member, shareholder or trustee of; or 

  

	 	(iii)	as a consultant or adviser to, 

any person, firm, company, trust, organisation or other entity. 

 

	 	(b)	Nothing in this clause 18.1 prevents the Executive from being a shareholder in a company whose shares are quoted on the Australian Stock Exchange Limited and of which
the Executive holds less than 5% of the issued capital even though the company carries on a business which engages in any business which is the same as or substantially similar to the Business (or any material part of it) during the Restraint Period
in the Restrained Geographic Location. 

  

	18.2	Non-solicitation undertaking 

 The Executive must not during the Restraint Period directly or indirectly (whether on the Executive’s own account or for any other party): 

 

	 	(a)	solicit or endeavour to solicit from the Company or the Group the business or services of any person who was a customer or supplier of the Company or the Group
(including any person in the process of being engaged as such a customer or supplier) and who the Executive had dealings with or knowledge of during the period of 12 months immediately prior to the cessation of the employment; or

  

	 	(b)	entice away or endeavour to entice away from the Company or the Group any employee, contractor or agent of the Company or the Group or anyone who was at any time during
the period of 12 months immediately prior to the cessation of the Executive’s employment by the Company an employee, contractor, or agent of the Company or the Group. 

 

	18.3	Trade marks and names 

The Executive undertakes that they will not at any time following the cessation of their employment with the Company use a logo, symbol,
trade mark or business name substantially identical or deceptively similar to a trade mark of business name owned or used by the Company or the Group. 
  

	18.4	Restrictive covenants 

  

	 	(a)	The Executive acknowledges and agrees that: 

  

	 	(i)	the Company has spent and will spend money and effort in establishing and maintaining its business, its products, its supplier relationships, its client and customer
base, and its Confidential Information; 

  
 Executive
Employment Agreement page 11 

 

 
  

	 	(ii)	the restrictions imposed by this clause 18 are reasonable and necessary to protect the interests of the Company and the Group; and 

 

	 	(iii)	the Executive has received adequate consideration for the restraint obligations imposed by this clause 18. 

 

	 	(b)	The restraints under this clause 18 (including the definition of Restraint Period and Restrained Geographic Location), each have the effect as if each clause and
definition consists of separate provisions, each being severable from the other. Each separate provision consists of each of the undertakings set out in clause 18 (including the definition of Restraint Period and Restrained Geographic Location)
combined with each separate Restraint Period and each separate Restrained Geographic Location. If any of those separate provisions is invalid or otherwise unenforceable for any reason, the invalidity or unenforceability does not affect the validity
or enforceability of any other of the separate provisions. 

  

	19	Handling of personal information 

 The Company will be required to request and hold personal information relating to the Executive for the purposes of administering their employment. The Company may be required to disclose personal
information it holds regarding the Executive to its related companies and other third parties for purposes related to the Executive’s employment. The Executive consents to the Company or any of its related bodies corporate disclosing such
information for this purpose, and any other related purpose. 
  

	20	Surveillance 

 The Company
and the Group utilises a number of practices to monitor its premises and employees. The Executive consents to the Company storing, accessing, tracking, monitoring and reading all information received or transmitted by the Company’s monitoring
systems, including in respect of the Company’s IT systems, resources and databases including in accordance with any IT policy issued by the Company (or the Group), from time to time. 

 

	21	Continuing obligations 

Without limiting the other provisions of this Agreement, the following clauses survive termination (for whatever reason) of this
Agreement: 
  

	 	(a)	clauses 12.5 and 12.6 (“Resignation as Director” and “Appointment as attorney”) 

 

	 	(b)	clause 14 (“Intellectual property”); 

  

	 	(c)	clause 15 (“Confidentiality”); 

  

	 	(d)	clause 16 (“Documents and other property of the Company”); 

  

	 	(e)	clause 18 (“Protection of the Company’s interests”); and 

  

	 	(f)	any other clause which by its nature is intended to survive (eg: clause 27). 

 

	22	Notices 

  

	22.1	Form 

 Unless expressly
stated otherwise in this Agreement, all Notices must be in writing, signed by the sender (if an individual) or an Authorised Officer of the sender and marked for the attention of the person identified in the Details or, if the recipient has notified
otherwise, then marked for attention in the way last notified. 

  
 Executive
Employment Agreement page 12 

	22.2	Delivery 

 Notices must
be: 
  

	 	(a)	left at the address set out or referred to in the Details; 

  

	 	(b)	sent by certified, registered or express mail, with postage prepaid or by hand delivery to the address set out or referred to in the Details; or

  

	 	(c)	given in any other way permitted by law. 

 However, if the intended recipient has notified a changed postal address then the communication must be to that address. 
  

	22.3	When effective 

 Notices
take effect from the time they are received unless a later time is specified. 
  

	22.4	Receipt - post 

 If sent
by post, Notices are taken to be received three days after posting (or seven days after posting if sent to or from a place outside Australia). 
  

	22.5	Receipt - general 

Despite clause 22.4, if Notices are received after 5.00 pm in the place of receipt or on a nonBusiness Day, they are to be taken to be
received at 9.00 am on the next Business Day. 
  

	23	Assignment 

 The Executive
consents to all reasonable requests to their employment being transferred by the Company to another Group Company following consultation by the Company with the Executive. Consultation will consist of discussion and agreement by both parties of the
modification of the current terms and conditions of employment that will put effect to the transfer. The Company must provide one month’s written notice of this transfer to the Executive. 

 

	24	Entire agreement 

 This
Agreement constitutes the entire agreement of the parties about its subject matter and supersedes all previous agreements, understandings and negotiations on that subject matter. No oral explanation or information provided by either party to the
other: 
  

	 	(a)	affects the meaning or interpretation of this Agreement; or 

  

	 	(b)	constitutes any collateral agreement, warranty or understanding between the Executive and the Company. 

 

	25	No representations or warranties 

 The Executive acknowledges that in entering into this Agreement they have not relied on any representations or warranties about the subject matter of this Agreement except as provided in this Agreement.

  

	26	Waiver and variation 

  

	26.1	No waiver 

 Failure or
omission by the Company at any time to enforce or require strict or timely compliance with any provision of this Agreement does not affect or impair that provision in any way or the rights of the Company to avail itself of the remedies it may have
in respect of any breach of that provision. 
  

	26.2	Notice in writing required 

A provision of or a right created by this Agreement may not be: 

 

	 	(a)	waived, except in writing signed by the party granting the waiver; or 

  

	 	(b)	varied, except in writing signed by the parties. 

  
 Executive
Employment Agreement page 13 

 

 
  

	27	Governing law and jurisdiction 

  

	27.1	Governing law 

 This
Agreement is governed by the law in force in New South Wales. 
  

	27.2	Jurisdiction 

 Each party
submits to the exclusive jurisdiction of the courts of New South Wales and courts of appeal from them. Each party waives any right it has to object to an action being brought in those courts including, without limitation, by claiming that the action
has been brought in an inconvenient forum or that those courts do not have jurisdiction. 
  

	28	Interpretation 

  

	28.1	Construction 

 No rule of
construction applies to the disadvantage of a party because that party was responsible for the preparation of, or seeks to rely on, this Agreement or any part of it. 
  

	28.2	Definitions 

 The
following words have these meanings in this Agreement unless the contrary intention appears. 
 Agreement means this
agreement. 
 Authorised Officer means the chairman of the Board or such other person appointed by the Board in writing to
act as an Authorised Officer for the purposes of this Agreement. 
 Business means the business of research, development
and commercialisation of human therapeutics for the treatment of oncology conditions. 
 Business Day means a day other
than a Saturday, Sunday or public holiday in the place or places set out in Item 8 of Schedule 1. 
 Commencement Date
has the meaning given to it in clause 1 of this Agreement. 
 Company means the company the details of which are set
out in the Details section. 
 Company Policies means the policies and procedures adopted and amended by the Company and
the Group from time to time. 
 Confidential Information means information that the Executive had access to during their
employment with the Company or in the Business including but not limited to: 
  

	 	(a)	information in any way relating to customers, suppliers, transactions (or affairs), financial information (relating to the Company, or disclosed by customers or
suppliers), business forecasts, ideas, concepts and/or techniques used by the Company and the Group including (without limitation): 

  

	 	(i)	customer and supplier lists, their contact details and details of expenditure and consumption; 

 

	 	(ii)	information relating to any pharmacological technology, drug or compound worked on, developed, discovered or identified by the Company, including all technical and
business information relating to the manufacture, use or effectiveness of such; 

  

	 	(iii)	the fees, prices and costs at which the Company sells goods and services to customers or sources materials or information from suppliers or clients;

  
 Executive
Employment Agreement page 14 

	 	(iv)	trade secrets; 

  

	 	(v)	business forecasts, strategic plans and projections, operational structure, methodology and future developments of the Company and the Group; 

 

	 	(vi)	marketing and public relations information including marketing plans and methodologies, promotional material and presentations; and 

 

	 	(b)	any document marked “confidential” or which is otherwise indicated to be subject to an obligation of confidence or any other information which is declared by
any company in the Group (whether in writing or otherwise) to be confidential, 

 but excludes information that
enters the public domain without any breach of this Agreement. 
 Corporations Act means the Corporations Act 2001
(Cth). 
 Details means the section of this Agreement headed “Details”. 

Duties means the duties, functions and responsibilities of the Executive under this Agreement.  

Employment means employment of the Executive by the Company under this Agreement. 

ESOP means the Company’s employee share option plan 2015 as amended from time to time. 

Executive means the person whose details are set out in the Details section. 

Government Agency means any government authority (either within or outside Australia) or any of its executives, delegates, agents
or attorneys. 
 Group means the Company and each of its Related Bodies Corporate as that term is defined in the
Corporations Act 2001 (Cth). 
 Group Company means a company that is part of the Group (for example, it includes
CanTx Inc). 
 Insurance Benefits means the insurance benefits described at Item 4.3 in Schedule 1. 

Inventions has the meaning given to it in clause 14.1 (“Assignment of Intellectual Property Rights”). 

Intellectual Property Rights means all intellectual property rights including current and future registered and unregistered rights
in respect of copyright, designs, circuit layouts, trade marks, trade secrets, know-how, confidential information, patents, inventions and discoveries and all other intellectual property as defined in Article 2 of the convention establishing the
World Intellectual Property Organisation, 1967. 
 Location means the location specified in Item 7 of Schedule 1.

 Moral Rights means any moral rights including the rights described in Article 6 of the Berne Convention for Protection
of Literary and Artistic Works 1886 (as amended from time to time), being “droit moral” or other analogous rights arising under any statute (including the Copyright Act 1968 (Cth)) or any other law of the Commonwealth of Australia,
that exist or come to exist anywhere in the world. 
 Notices means all notices, certificates, consents, approvals,
waivers and other communications in connection with this Agreement. 
 Options Package means the options package described
in Schedule 3. 
 Position means the position specified in Item 9 of Schedule 1 and any other position to which the
Executive is appointed in accordance with this Agreement. 
 Prior Inventions has the meaning given to it in clause 14.3.

  
 Executive
Employment Agreement page 15 

 

 
  

 Related Body Corporate means related body corporate as that term is defined under
the Corporations Act 2001 (Cth). 
 Relocation Allowance means the relocation allowance described in Item 4.4 of
Schedule 1. 
 Remuneration Package means the Executive’s remuneration set out in clause 6 (“Remuneration”)
and includes any variations as agreed between the Executive and the Company or as determined by the Company. 
 Restrained
Geographic Location means the location specified in Item 10 of Schedule 1. 
 Restraint Period means the period of the
Executive’s employment with the Company and the period specified in Item 11 of Schedule 1 from the cessation of the Executive’s employment with the Company. 
 30 Day VWAP means the 30 day volume weighted average price of the Company’s ordinary shares. 
  

	28.3	Reference to certain general terms 

 In this Agreement, unless the contrary intention appears: 
  

	 	(a)	(ESOP terminology) in respect of matters in this Agreement relating to the ESOP, a term in this Agreement in respect of options has the meaning given to it in
the ESOP; 

  

	 	(b)	(variation or replacement) a reference to this Agreement or another instrument includes any variation or replacement of either of them; 

 

	 	(c)	(clauses, annexures and schedules) a clause, annexure or schedule is a reference to a clause in or annexure or schedule to this Agreement;

  

	 	(d)	(reference to statutes) a reference to a statute, ordinance, code or other law includes regulations and other instruments under it and consolidations,
amendments, re-enactments or replacements of any of them; 

  

	 	(e)	(law) law means common law, principles of equity, and laws made by parliament (and laws made by parliament include State, Territory and Commonwealth laws and
regulations and other instruments under them, and consolidations, amendments, re-enactments or replacements of any of them); 

  

	 	(f)	(singular includes plural) the singular includes the plural and vice versa; 

 

	 	(g)	(person) the word “person” includes a firm, a body corporate, a partnership, a joint venture, an unincorporated body or association or an authority;

  

	 	(h)	(executors, administrators, successors) a reference to a person includes a reference to the person’s executors, administrators, successors, substitutes
(including, but not limited to, persons taking by novation) and assigns; 

  

	 	(i)	(calculation of time) if a period of time is specified and dates from a given day or the day of an act or event, it is to be calculated exclusive to that day;

  

	 	(j)	(reference to a day) a reference to a day is to be interpreted as the period of time commencing at midnight and ending 24 hours later; 

 

	 	(k)	(payment of money) where a day specified by this Agreement for the payment of money falls on a Saturday, Sunday or a day appointed as a public holiday for the
whole day, the day so specified will be taken to be the day preceding the day so specified which is not in turn a Saturday, Sunday or day so appointed as a holiday for the whole day; 

 

	 	(l)	(dollars) Australian dollars, dollars, A$ or $ is a reference to the lawful currency of Australia; 

  
 Executive
Employment Agreement page 16 

	 	(m)	(meaning not limited) the words “include”, “including”, “for example” or “such as” are not used as, nor are they to be
interpreted as, words of limitation, and, when introducing an example, do not limit the meaning of the words to which the example relates to that example or examples of a similar kind; and 

 

	 	(n)	this Agreement includes the schedules to it. 

  

	28.4	Headings 

 Headings
(including those in brackets at the beginning of paragraphs) are inserted for convenience and do not affect the interpretation of this Agreement. 

  
 Executive
Employment Agreement page 17 

					
	Novogen -	 	Executive Employment Agreement
		
	Schedule 1 -	 	Key Terms
			
	Key terms	 		 	
		
	Item 1	 	Commencement Date (clause 1.1):
		
		 	1 February 2016
		
	Item 2	 	Probationary Period (clause 1.2)
		
		 	None
		
	Item 3	 	Base Salary (clause 6.1(a)(i))
		
		 	A$400,000 per annum (excluding superannuation)
		
	Item 4	 	Other benefits (clause 6.1 (a)(iii)):
		
		 	Item 4.1 - Options Package
		
		 	Both options packages set out in Schedule 3, subject to:
			
		 	 •
	 	relevant regulatory and shareholder approvals (this is a condition of the Executive joining the ESOP); and
			
		 	 •
	 	the terms of the ESOP.
		
		 	Item 4.2 - Performance Bonus
		
		 	At the discretion of the Board, and measured against the key performance indicators in place for the relevant year, each year the Executive may receive a performance
bonus valued at up to 30% of the Base Salary (subject to clause 6.1(b)).
		
		 	Item 4.3 - Insurance Benefits
		
		 	During the term of the Agreement only, basic health insurance cover and basic life insurance cover for the Executive (subject to clause 6.4).
		
		 	Item 4.4 - Relocation Allowance
		
		 	The Company will make a one-off reimbursement of reasonable relocation expenses incurred by the Executive in relocating to his residence in Brisbane up to the cap of
A$50,000 (Reimbursement Amount). If the Executive resigns or is terminated for breach during the first two years of his employment, he must repay the Reimbursement Amount to the Company on the following basis::
			
		 	 •
	 	0 to 12 months - repay 100%;
			
		 	 •
	 	12 months to 18 months - repay 50%;
			
		 	 •
	 	18 months to 2 years - repay 25%;
			
		 	 •
	 	From 2 years - repay 0%.
		
		 	(Note: the subsequent period starts the day after the anniversary set out in the previous period).
		
	Item 5:	 	Remuneration review (clause 6.2)
		
		 	The date for annual review is January each year
		
	Item 6:	 	Termination on notice (clause 12.1) and Directed Leave Period (clause 13.1)
		
		 	The period is 6 months
		
	Item 7:	 	Location means Sydney

  
 Executive
Employment Agreement page 18 

					
	Item 8:	 	Business Day place means New South Wales
		
	Item 9:	 	Position means Chief Executive Officer
		
	Item 10:	 	 Restrained Geographic Location is:
  

(a) Australia and New Zealand;
  

(b) Australia;
  
 (c) New South Wales;
  

(d) Sydney.
  
 (see clause 18 for the application of Restrained Geographic Location)

		
	Item 11:	 	 Restraint Period is:
  

(a) 12 months;
  
 (b) 9 months;
  
 (c) 6
months;
  
 (d) 3 months.

 
 (see clause 18 for the application of Restraint Period)

  
 Executive
Employment Agreement page 19 

 

 
  

 Novogen - Executive Employment Agreement 
 Schedule 2 - Prior Inventions 
  

					
	 Title of Prior Invention
	  	 Date of creation
	  	 Brief description (including any registration or application details)

	None	  		  	
		  		  	
		  		  	
		  		  	

  
 Executive
Employment Agreement page 20 

 Novogen - Executive Employment Agreement 
 Schedule 3 - Options Package 
  

			
	Package 1	  	
		
	Number of options	  	5 million options1
		
	Exercise price	  	A premium of 45%2 on the 30 Day
VWAP of shares in Novogen Limited at the close of business on the date that is 2 days after the date of the market announcement of the Executive’s appointment as CEO.
		
	Vesting schedule	  	 From the Commencement Date:
  

(a) 6 months: 750,000 options;
  

(b) 1 year: 750,000 options;
  
 (c) 18 months: 750,000 options;
  

(d) 2 years: 750,000 options; and
  

(e) 3 years: 2,000,000 options.

		
	Exercise Period start date	  	 For tranches (a) to (d): on the second anniversary of the Commencement Date.3
  

For tranche (e): on the third anniversary of the Commencement Date (ie: the vesting date for that tranche)3

		
	Option Period end date	  	 The earlier of:
  

(a) the date of termination of the Executive’s employment (for any reason); and

 
 (b) the date that is 5 years after the Commencement Date.

		
	Package 2	  	
		
	Number of options	  	2.5 million optionsi
		
	Exercise price	  	A premium of 90%2 on the 30 Day VWAP of shares in Novogen Limited at the close of business on the date that is 2 days after the date of the market announcement of the
Executive’s appointment as CEO.
		
	Vesting schedule	  	 From the Commencement Date:
  

(a) 4 years: 2,500,000 options.

		
	Exercise Period start date	  	On the fourth anniversary of the Commencement Date (ie: the vesting date for that tranche).3
		
	Option Period end date	  	 The earlier of:
  

(a) the date of termination of the Executive’s employment (for any reason);

 
 (b) the date that is 5 years after the Commencement Date.

  

	1.	One option gives the holder of the option the right to acquire one ASX listed ordinary share in Novogen Limited (at the relevant exercise price).

	2.	The premium % is in addition to the VWAP. 

	3.	For the avoidance of doubt, the Executive may only exercise during the term of the employment. 

  
 Executive
Employment Agreement page 21 

 

 
  

 Novogen - Executive Employment Agreement 
 Signing page 
  

			
	EXECUTED as an agreement on:	 	
		
	 SIGNED by James Garner in the presence of:
	 	
		
	Signature of witness	 	Date
		
	Name of witness (block letters)	 	Signature of James Garner
		
	EXECUTED by Novogen Limited
ACN 063 259 754 in accordance with
section 127 of the Corporations Act 2001 (Cth):	 	
		
	Signature of director	 	Signature of director/secretary
		
	Name	 	Name             and             capacity

  
 Novogen
Executive Employment Agreement page 22EX-4.3

 Exhibit 4.3 

 

			
	  
 NOVOGEN LIMITED
	  	 

  

	  
 ACN 063 259
754
	  

 Employment Agreement 
 Cristyn Humphreys 
 Operations Manager 

 
  
 16 - 20 Edgeworth David Ave, Hornsby NSW 2077 
  

 

			
	  
 CONFIDENTIAL
	  	

  

 DATED              2014

 PARTIES 
 Novogen
Limited (“Company”) 
 Suite 1.02, Level 1, 16-20 Edgeworth David Ave, Hornsby, NSW, 2077, AUSTRALIA 

AND 
 Cristyn Humphreys
(“Employee”) 
 Of 608 Barrenjoey Road, Avalon, NSW, 2107, AUSTRALIA 
 INTRODUCTION 
  

	A.	The Company carries on the Business. 

  

	B.	The Company wishes to employ the Employee to provide the Services. 

  

	C.	The parties have agreed to the employment of the Employee in accordance with the provisions of this Agreement and with the intention that this Agreement, in
complement of the Letter of Offer of Employment, will supersede any written or oral agreement between the parties or between the Employee and the Company. 

 IT IS AGREED AS FOLLOWS 
  

	1.	Definitions and Interpretations 

  

	1.1	In this Agreement, unless the context otherwise requires: 

 “Agreement” means this employment agreement and any variation amendment or replacement of it; 
 “Board” means the Company’s board of directors; 

“Business” means the business carried on by the Company; 

“Business Day” means a day that is not a Saturday, Sunday or any other day which is a public holiday or a bank holiday in
the place where an act is to be performed or a payment is to be made; 
 “Commencement Date” means the date of
this Agreement; 

  

					
		  	Employment Agreement- Novogen Limited (ACN 063 259 754)	 	2

			
	  
 CONFIDENTIAL
	  	

  

 “Confidential Information” means all information concerning the
Business, the business methods of the Company and any affiliated entity, their technologies, pricing policies, marketing strategies, Intellectual Property and any other information relating to the affairs of the Company, but does not include:

  

	 	a)	information which was in the public domain before it was given to or accessed by the Employee; or 

 

	 	b)	information which, after being given to or accessed by the Employee, became part of the public domain other than as a result of a breach by the Employee of any
obligation of confidence to the Company;

 “Corporations Act” means the Corporations Act 2001
(Cth); 
 “Design” has the same meaning as in the Designs Act 2003 (Cth); 

“Intellectual Property” means all industrial and intellectual property rights throughout the world, including trade
marks, logos, service marks, trade names, business names, copyrights, designs, patents, inventions, processes and other technical know-how (including extraction and manufacturing know-how), secret information and other rights in industrial or
intellectual property and applications for them or licence agreements or other arrangements under which a person has the right to use any of them; 
 “Inventions” means all inventions, discoveries and novel designs, whether or not registrable as designs under the Designs Act 2003 (Cth) or patents under the Patents Act 1990 (Cth), or
any corresponding law in any other country, including any inventions, developments, improvements or modifications to compounds, equipment, technology, methods or techniques; 
 “Letter of Offer of Employment” means the letter signed by the Employee and the Company, which collectively with this Agreement, form the entire agreement. 

“Novogen Group” means the Company and each of Novogen Research Pty Limited ACN 060 202 931, Novogen Laboratories Pty
Limited ACN 002 489 947, Novogen Limited ACN 063 259 754, and any Related Body Corporate of any of them from time to time; 

“Patents” has the same meaning as in the Patents Act 1990 (Cth); 

“Related Body Corporate” in relation to a body corporate means a body corporate that is related to the first mentioned
body by virtue of section 50 of the Corporations Act; 
 “Remuneration” means the amount determined under clause
14; 
 “Services” means the services described in clause 4 to be provided in accordance with this Agreement;

 “Total or Permanent Disability” includes the Employee being absent from his employment by reason of sickness,
ill health or other incapacity or disability for a period of more than three months in excess of accrued sick leave in any period of 12 consecutive months; and 
 “Works” means all works and other subject matter as defined in the Copyright Act 1968 (Cth), and any other thing in which copyright subsists. 

  

					
		  	Employment Agreement- Novogen Limited (ACN 063 259 754)	 	3

			
	  
 CONFIDENTIAL
	  	

  

	1.2	Interpretation 

  

	 	a)	Reference to: 

  

	 	i.	one gender includes the other genders; 

  

	 	ii.	the singular includes the plural and the plural includes the singular; 

  

	 	iii.	a person includes a body corporate; 

  

	 	iv.	a party includes the party’s executors, administrators, successors and permitted assigns; and 

 

	 	v.	a statute, regulation or provision of a statute or regulation (“Statutory Provision”) includes: 

 

	 	1)	that Statutory Provision as amended or re-enacted from time to time; and 

  

	 	2)	a statute, regulation or provision enacted in replacement of that Statutory Provision. 

 

	 	b)	All monetary amounts are in Australian dollars, unless otherwise stated. 

  

	 	c)	Headings are for convenience only and do not affect the interpretation, or form part, of this Agreement. 

 

	 	d)	Where a word or expression is given a particular meaning, other parts of speech and grammatical forms of that word or expression have a corresponding meaning.

  

	 	e)	If an act must be done on a specified day, which is not a Business Day, the act must be done instead on the next Business Day. 

 

	2.	Employment 

  

	2.1	The Company employs the Employee to provide the Services to the Company on the terms of this Agreement and the Employee accepts such employment.

  

	2.2	The Employee is employed on a full time basis from the Commencement Date. 

  

	2.3	The position in which the Employee is employed by the Company is as set out in Item 1 of the Schedule. 

 

	2.4	The Employee is to be located at the office of the Company set out in Item 2 of the Schedule. 

 

	3.	Term 

  

	3.1	This employment continues until terminated in accordance with clause 16. 

  

					
		  	Employment Agreement- Novogen Limited (ACN 063 259 754)	 	4

			
	  
 CONFIDENTIAL
	  	

  

	4.	Services 

  

	4.1	The Employee must perform all the functions of a person in the position set out in Item 1 of the Schedule or such other services as may be determined by the Company
from time to time. 

  

	4.2	The Employee must carry out his employment in the capacity referred to in clause 4.1 or as amended by the Company in such manner and at such time as the Company may
from time to time reasonably determine. 

  

	5.	General Duties and Obligations 

  

	5.1	Without limiting any other provision of this Agreement the Employee must at all times during his employment: 

 

	 	a)	be just and faithful in all transactions relating to the Company and the Novogen Group and must show the utmost good faith in the business of the Company and the
Novogen Group; 

  

	 	b)	give to the Company a just and faithful account of such transaction and also upon every reasonable request furnish a full and correct explanation thereof to the
Company; 

  

	 	c)	divulge to the Company all information or knowledge which he may possess in relation to the affairs, business and activities of the Company; 

 

	 	d)	use his best skill and endeavour to promote the interest and welfare of the Company and the Novogen Group and carry out the same for the utmost benefit of the Company
and the Novogen Group and diligently and faithfully apply himself to the affairs, business and activities of the Company; and 

  

	 	e)	not at any time intentionally do anything which directly or indirectly may impair or be likely to impair the good name and reputation of the Company or the Novogen
Group. 

  

	5.2	The Employee must carry out his employment and must conduct himself at all times in a professional manner. 

 

	5.3	The Employee must comply with the Code of Business Conduct and Ethic and other policies that are provided by the Company after the Commencement Date.

  

	6.	Compliance with Directions 

  

	6.1	The Employee must at all times during his employment obey, comply with and carry out the proper and reasonable directions, orders and instructions of and is directly
responsible and answerable to its supervisor identified in Item 1 of the Schedule. 

  

	7.	Time Devoted to Employment 

  

	7.1	The Employee must at all times during his employment devote the whole of his attention and abilities to the business and activities of the Company and in the
performance of his responsibilities and duties under this Agreement. 

  

					
		  	Employment Agreement- Novogen Limited (ACN 063 259 754)	 	5

			
	  
 CONFIDENTIAL
	  	

  

	7.2	Without the prior written consent of the Company, the Employee must not be a director of any body corporate which carries on or is concerned with any activity identical
to or substantially similar to that of the Novogen Group or where being a director may directly or indirectly affect the Business of the Novogen Group. 

  

	7.3	Nothing contained in this clause 7 prohibits the Employee from making any purchase or sale of securities, real estate or personal property (tangible or intangible) for
purposes of investment or from making any other private investment which is, in the opinion of the Company, reasonably held, detrimental to the interest of the Novogen Group. 

 

	8.	Duty to Act within Limits 

  

	8.1	The Employee must not without the prior written consent of the Company: 

  

	 	a)	employ any of the money, goods or effects of the Company or any member of Novogen Group or pledge the credit thereof except in the ordinary course of business and upon
the account of and or the benefit of the Company or member of the Novogen Group; 

  

	 	b)	lend money or give credit on behalf of the Company or any member of the Novogen Group or have any dealings with any person whom the Company has previously in writing
forbidden the Employee to deal with or trust; 

  

	 	c)	give any guarantee, undertaking or indemnity or enter into any bond with or become bail, surety or surety for any person or do or knowingly cause or suffer to be done
anything by which the property of the Company or any member of the Novogen Group or any part of it may be seized, attached or taken in execution after the Company has previously in writing forbidden the employee to deal with such person; or

  

	 	d)	enter into any leasing, hiring, hire-purchase, rental or financing arrangements or transactions with respect to assets or property acquired or to be acquired by the
Company or any member of the Novogen Group. 

  

	9.	Indemnity by Employee 

  

	9.1	Unless otherwise resolved by the Board, the Employee will indemnify the Company or member of the Novogen Group, as the case may be, in respect of any loss or damage or
actions, proceedings costs, claims, demands or judgements it may incur or suffer by reason of any breach by the Employee of any of the provisions of clause 8. This indemnity is in addition to and not in substitution for any other right or remedy
available to the Company in the event of such breach. 

  

	10.	Indemnity by Company 

  

	10.1	Subject to the Corporations Act and the Constitution of the Company, the Company will indemnify the Employee and his executors, administrators and legal personal
representatives against any loss, costs, damages, judgments or liability suffered or incurred by the Employee in respect of any act, neglect, default or error or judgement in the course of his employment and for which the Company would be
vicariously liable other than any wilful or gross neglect, default or breach of duty or breach of trust. 

  

					
		  	Employment Agreement- Novogen Limited (ACN 063 259 754)	 	6

			
	  
 CONFIDENTIAL
	  	

  

	10.2	Without limiting clause 10.1: 

  

	 	a)	the Employee may be indemnified by the Company where the Board considers it appropriate, against any liability incurred by the Employee in the connection with the
performance by him of his position with the Company, unless the liability arises out of conduct involving lack of good faith; 

  

	 	b)	the Employee is indemnified by the Company against any liability incurred by him in defending any proceedings in connection with the performance by him of his position
with the Company whether civil or criminal in which judgment is given in his favour or in which the Employee is acquitted or in connection with any application in relation to any proceedings in which relief under the Corporations Act is granted to
him by the court; and 

  

	 	c)	to the extent permissible by law, the Company may, pay a premium in respect of a contract insuring the Employee against a liability incurred by the Employee in
connection with the performance by him of his position with the Company except for a liability arising out of conduct involving a wilful breach of duty in relation to the Company. 

 

	11.	Annual Leave 

  

	11.1	During the course of his employment the Employee is entitled to 20 days accrued paid annual leave, in accordance with the Fair Work Act 2009 (Cth).

  

	11.2	The days of annual leave referred to in clause 11.1 are in addition to any day which is proclaimed to be a public holiday in the place in which the Employee is at the
relevant time located. 

  

	11.3	Any annual leave entitlement not taken may be added to and taken with any further annual leave entitlement. 

 

	12.	Personal/Carer’s Leave 

  

	12.1	The Employee is entitled to be paid personal/carer’s leave of 10 working days, for every 12 months of service. 

 

	12.2	Any personal/carer’s leave entitlement not taken in any year may be taken by the Employee in another year provided that any accumulated personal/carer’s leave
entitlement which immediately prior to the termination of the employment of the Employee has not been taken is forfeited on termination. 

  

	13.	Long Service Leave 

  

	13.1	The Employee is entitled to long service leave under the Long Service Leave Act of the State or Territory in which the Employee is located. 

  

					
		  	Employment Agreement- Novogen Limited (ACN 063 259 754)	 	7

			
	  
 CONFIDENTIAL
	  	

  

	14.	Remuneration 

  

	14.1	The Employee is entitled to the Remuneration and other benefits specified in Items 3 to 6 of the Schedule. The salary component of the Remuneration is to be paid
monthly by direct deposit into an account nominated by the Employee. 

  

	14.2	The Remuneration is inclusive of all entitlements the Employee may have under a modern award or an enterprise agreement (including, but not limited to allowances,
penalties, overtime or loadings, including leave loading). 

  

	14.3	After six (6) months from the Commencement Date, the Remuneration is to be reviewed (“Initial Salary Review”). Then it will be reviewed annually from
the date of the Initial Salary Review and any increases may be made at the Company’s discretion. 

  

	14.4	The Company is to contribute the minimum amount to a complying superannuation fund in order to avoid any charge under the Superannuation Guarantee (Charge) Act 1992.
The Superannuation Contribution is to be paid in addition to the salary component of the Remuneration. 

  

	14.5	The Employee is free to direct his superannuation contributions to a regulated complying superannuation fund of his choice. 

 

	14.6	The Employee may request and the Company may agree to structure the Remuneration to fit in with his personal requirements (for example to include extra superannuation
payments, motor vehicle, etc.) provided that the arrangements comply at all times with company policies and applicable laws (as amended from time to time). 

 

	14.7	The Remuneration is designed to compensate the Employee for all hours worked and the Employee is not entitled to any payment of any overtime during the term of his
employment hereunder. 

  

	15.	Confidentiality 

  

	15.1	Without limiting or derogating from in any way any rule of law or equity, the Employee must not without the prior written consent of the Company publish or divulge any
Confidential Information to any person unless such publication or disclosure is made in the normal course of his employment. 

  

	15.2	The provisions of this clause 15 do not prejudice any other express or implied obligation on the part of the Employee to maintain confidentiality.

  

	15.3	Without limiting the extent of clauses 15.1 or 15.2, Confidential Information may include information disclosed to the Company or the Employee by any existing or
potential customer, supplier, contractor, agent, licensee or licensor of the Company or the Novogen Group. 

  

	15.4	The Employee must at the request of the Company sign a confidentiality agreement containing provisions similar to the provisions in this clause 15 in favour of any
member of the Novogen Group or any of the persons referred to in clause 15.3. 

  

	15.5	This clause 15 survives termination of the employment with respect to any information until such information is no longer Confidential Information.

  

					
		  	Employment Agreement- Novogen Limited (ACN 063 259 754)	 	8

			
	  
 CONFIDENTIAL
	  	

  

	16.	Termination of Employment 

  

	16.1	Either party may terminate the employment by giving six (6) weeks’ notice, or in the case of termination by the Company, by making a payment in lieu of four
weeks’ notice to the Employee, subject to clauses 16.2 and 16.7. 

  

	16.2	Subject to clause 16.7, a payment in lieu of notice made under clause 16.1 or 16.5(b) is to be calculated on the basis of the Employee’s Remuneration.

  

	16.3	The employment is terminated immediately on the death or Total or Permanent Disability of the Employee. 

 

	16.4	At any time, the employment may be terminated by the Company if the Employee: 

 

	 	a)	is guilty of any criminal or indictable offence or of any dishonesty, whether in relation to the affairs of the Company or any of the members of the Novogen Group or
not; 

  

	 	b)	is guilty of any serious breach of faith, serious neglect, default, wilful disregard of directions, serious professional misconduct or gross misconduct;

  

	 	c)	has received written notice from the Company that the Employee is in serious and fundamental breach of this Agreement and the Employee fails to remedy the breach within
14 days of receiving the notice; 

  

	 	d)	if he is a member of any board of directors of any body corporate has his office suspended or disqualified under the Corporations Act; 

 

	 	e)	a person whose person or estate is being dealt with under the law relating to mental health; or 

 

	 	f)	ceases to be registered or has his registration suspended for any reason whatsoever under the provision of any legislation dealing with the registration of persons
providing services of the nature of those provided by the Employee to the Company and which registration is required for the provision by the Employee of those services. 

 

	16.5	If the Employee resigns pursuant to clause 16.1, the Company may choose: 

  

	 	a)	to retain the services of the Employee during the notice period; or 

  

	 	b)	not to retain the services of the Employee for some or all of the notice period, and make a payment in lieu of notice for the part of the notice period for which the
Employee is not retained, subject to clauses 16.2 and 16.7. 

  

					
		  	Employment Agreement- Novogen Limited (ACN 063 259 754)	 	9

			
	  
 CONFIDENTIAL
	  	

  

	16.6	For all or part of the Employee’s notice period under clauses 16.1 or 16.5, the Company may direct the Employee: 

 

	 	a)	not to attend for work at the Company’s premises; 

  

	 	b)	to attend for work at a different location to the Employee’s usual work location; 

 

	 	c)	to perform no work; or 

  

	 	d)	to perform designated duties which are within the Employee’s skill and competence, whether or not these duties form part of the Employee’s usual role, and all
the Employee’s obligations under this Agreement will continue to apply during the notice period. 

  

	17.	Compliance with Obligations on Termination 

  

	17.1	Termination of this Agreement for any reasons whatsoever does not relieve the Company from payment in full of all sums then owing by the Company to the Employee by way
of remuneration accrued to the date of termination. 

  

	17.2	Termination of this Agreement for any reason whatsoever is not to relieve the Employee from payment in full of all sums then owing to the Company or which may become
owing in respect of any period prior to termination and is without prejudice to the rights of the Company to sue for antecedent breach by the Employee of the terms of this Agreement. 

 

	18.	No Claim for Compensation on Termination 

  

	18.1	If the employment is terminated, the Employee has no claim against the Company for compensation, damages or otherwise for or in respect of or by a reason of such
termination except as expressly set out in this Agreement. 

  

	19.	Duty to Deliver Up 

  

	19.1	Upon the termination of this Agreement and the employment of the Employee for any reason whatsoever the Employee, on request from the Company must deliver up to the
Company all correspondence, documents, records, papers, prints, manuals, paper, disks, computer codes, access codes, keys and property of any nature whatsoever belonging to the Company, or to any member of the Novogen Group which may be in the
possession or under custody or control of the Employee. Any such request must not be made unreasonably. 

  

	20.	Inventions, Works and other Intellectual Property 

  

	20.1	The Employee assigns to the Company: 

  

	 	a)	all Inventions; 

  

	 	b)	the entire copyright in all Works; and 

  

	 	c)	all other Intellectual Property, created by the Employee in the course of his employment, or by any use of the Company’s facilities, resources or Intellectual
Property.

  

					
		  	Employment Agreement- Novogen Limited (ACN 063 259 754)	 	10

			
	  
 CONFIDENTIAL
	  	

  

	20.2	The assignment in clause 20.1 does not restrict the Employee’s right to utilise the general expertise and knowledge accumulated by the Employee in the performance
of the Services and the Employee is entitled to use routine procedures developed by the Employee in the performance of the Services, provided that the Employee must not exploit any Invention or make any reproduction or substantial reproduction of
any Works without the written consent of the Company. 

  

	20.3	Where the Employee makes a Design arising out of the Services, the Design will be owned by the Company or the member of the Novogen Group for whom it was made.

  

	20.4	Where the Employee makes any patentable process or article, the Patent will be owned by the Company or the member of the Novogen Group for whom it was made.

  

	21.	Future Copyright 

  

	21.1	The Employee assigns to the Company the copyright that will subsist in respect of any new Works, and the new Works will form part of the Works under this Agreement and
the terms and conditions of this Agreement will apply to those new Works. 

  

	21.2	The Employee must immediately provide the Company with copies of any new Works he prints, publishes, makes or procures during the employment. 

 

	22.	Further Assurances as to Intellectual Property 

  

	22.1	The Employee must during and after the employment and at any time thereafter do all acts and things and sign all documents as the Company may reasonably request to
secure the ownership of the Company or any member of the Novogen Group in any Inventions, Works, Designs or other Intellectual Property. 

  

	23.	Severability 

  

	23.1	Each word, phrase, sentence, paragraph and clause (“provision”) of this Agreement is severable. 

 

	23.2	If a Court determines that any provision of this Agreement is unenforceable, illegal or void then it is severed and the other provisions of this Agreement remain
operative unless without the offending provision they are fundamentally different. 

  

	24.	Waiver 

  

	24.1	A party’s failure or delay to exercise a power or right does not operate as a waiver of that power or right. 

  

					
		  	Employment Agreement- Novogen Limited (ACN 063 259 754)	 	11

			
	  
 CONFIDENTIAL
	  	

  

	24.2	The exercise of power or right does not preclude either its exercise in the future or the exercise of any other power or right. 

 

	26.3	No waiver is effective unless it is in writing. 

  

	24.3	The waiver of a power or right is effective only in respect of the specific instance to which it relates and for the specific purpose for which it is given.

  

	25.	Entire Understanding 

  

	25.1	This Agreement: 

  

	 	a)	collectively with the Letter of Offer of Employment, contains the entire agreement and understanding between the parties on everything connected with the subject matter
of this Agreement; and 

  

	 	b)	supersedes and merges any prior agreement or understanding on anything connected with that subject matter. 

 

	25.2	Each party has entered into this Agreement without relying on any representation by any other party or any person purporting to represent that party.

  

	26.	Variation 

  

	26.1	An amendment or variation to this Agreement is not effective unless it is in writing and signed by both parties. 

 

	27.	Further Assurance 

  

	27.1	Each party must promptly at its own cost do all things (including executing all documents) necessary or desirable to give full effect to this Agreement.

  

	28.	Dispute Resolution 

  

	28.1	Unless a party has complied with clauses 28.2, 28.3 and 28.4, that party may not commence court proceedings relating to any dispute under this Agreement, except where
that party seeks urgent interlocutory relief. 

  

	28.2	If there is a dispute under this Agreement the parties must negotiate in good faith to resolve the dispute in a spirit of goodwill and compromise.

  

	28.3	If there is a dispute under this Agreement that is not resolved in accordance with clause 28.2, either party may give written notice to the other party stating that it
is a notice under this clause and specifying the dispute. 

  

	28.4	If the dispute is not settled by agreement within 14 days after the notice referred to in clause 28.3 is given, the parties must appoint a mediator and must seek in
good faith to settle the dispute through mediation. If the parties are unable to agree upon a mediator within 14 days after the expiration of the initial 14 days referred to in this clause 28.4, the mediator must be a person nominated by the
President of the Law Society of New South Wales or his or her delegate, and either party may request the nomination at any time after the expiration of the second 14 days referred to in this clause. 

  

					
		  	Employment Agreement- Novogen Limited (ACN 063 259 754)	 	12

			
	  
 CONFIDENTIAL
	  	

  

	29.	Notices 

  

	29.1	A notice or other communication required or permitted to be given by a party to another is to be in writing and: 

 

	 	a)	delivered; or 

  

	 	b)	sent by postage prepaid to that party’s address set out in this Agreement or as notified to each party at any time. 

 

	29.2	A notice or other communication is deemed given and received if: 

  

	 	a)	delivered, upon delivery; or 

  

	 	b)	mailed, on the expiration of 2 Business Days (at the place of mailing) after mailing. 

 

	30.	Governing Law and Jurisdiction 

  

	30.1	The law of New South Wales governs this Agreement. 

  

	30.2	The parties submit to the non-exclusive jurisdiction of the courts of New South Wales and the Federal Court of Australia. 

  

					
		  	Employment Agreement- Novogen Limited (ACN 063 259 754)	 	13

			
	  
 CONFIDENTIAL
	  	

  

 SCHEDULE 

 

	Item 1.	Position  

Operations Manager, reporting directly to Chief Executive Officer, and 
 With responsibilities for: 
  

	 	•	 	 Coordinate the preparation and lodgement of Annual, Half-Year and Quarterly Reports in cooperation with the Financial Controller and Company Secretary;

  

	 	•	 	 Coordinate the lodgement of grant applications; 

  

	 	•	 	 General Manager duties and responsibilities for Cantx Inc; 

 

	 	•	 	 Manage payroll administration and compliance; 

  

	 	•	 	 Provide logistical support to the Regulatory Affairs Manager in the preparation of Investigational New Drug submissions as required;

  

	 	•	 	 Ensure general efficient running of the Company’s infra-structure; 

 

	 	•	 	 Conduct reviews of items of expenditure as directed by the Chief Executive Officer; 

 

	 	•	 	 Stand in for Office Manager as required; and 

  

	 	•	 	 Any other ad-hoc project given by the Chief Executive Officer from time to time. 

For a period of time defined by the Chief Executive Officer, the Employee will work 3 days per week under the direction and supervision of the Financial
Controller, assisting with the duties as required and reporting directly to the Financial Controller for the 3 days. This assignment is temporary and will cease in due course. 

 

	Item 2.	Location  

 Suite 1.02,
Level 1, 16-20 Edgeworth David Ave, Hornsby, NSW, 2077, AUSTRALIA or such other place as designated from time to time by the Chief Executive Officer, Novogen Ltd. 
  

	Item 3.	Accrued Annual Leave  

 As
accrued from 29 April 2014 
  

	Item 4.	Accrued Personal/Carer’s Leave  

 As accrued from 29 April 2014 
  

	Item 5.	Long Service Leave  

 As
accrued from 29 April 2014 

  

					
		  	Employment Agreement- Novogen Limited (ACN 063 259 754)	 	14

			
	  
 CONFIDENTIAL
	  	

  

	Item 6.	Annual Remuneration  

AU$100,000 per annum or such other amount as agreed to from time to time. Initial Salary Review in 6 months from Commencement Date, then annually
from the date of the Initial Salary Review. Probationary period is three (3) months from Commencement Date. Superannuation of 9.5% in addition to the agreed salary amended in accordance with the Law from time to time.

EXECUTED as an agreement on the date set out at the commencement of this Agreement. 
 Executed by NOVOGEN LIMITED ACN 002 489 947: 
  
  

 
 Graham Kelly 
 Chairman and Chief Executive Officer 
  

	
	SIGNED by:
	  
 Cristyn Humphreys

	Operations Manager

 In the presence of: 
  

			
	 Signature of Witness
	 	  

		
	 Name of Witness (BLOCK LETTERS)
	 	  

		
	 Address of Witness
	 	  

  

					
		  	Employment Agreement- Novogen Limited (ACN 063 259 754)	 	15

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