Full Press Release Details
| Date: | 21 st May 2025 |
| Parties: | Southern Star Research Pty Ltd ACN 103 120 896 of 1 Merriwa Street, Gordon NSW 2072 Australia (" Southern Star Research ") |
| Psyence Australia Pty Ltd ABN 88 665 259 727 of Level 7, 330 Collins Street, Melbourne VIC 3000 (" Psyence ") |
which does not achieve
its primary intended purposes through chemical action within or on the body of man and which is not dependent upon being metabolized for
the achievement of its primary intended purposes.
Name: Southern Star Research Pty Ltd
injury to a study participant (including death) caused by the administration of the Investigational Product or clinical trial related
procedure, provided however, that Psyence shall have no obligation hereunder with respect to any Damages caused by the negligence, recklessness
or misconduct on the part of Southern Star Research or any of its directors, officers, employees, agents, representatives, subcontractors,
Affiliates or advisors, or a breach by Southern Star Research of any of its obligations under this Agreement.
however, that Southern Star Research shall have no obligation hereunder with respect to any Damages caused by the negligence, recklessness
or misconduct on the part of Psyence or any of its directors, officers, employees, agents, representatives, subcontractors, affiliates
or advisors, or a breach by Psyence of any of its obligations under this Agreement.
audit shall be no more than two (2) business days per year during Southern Star Research's normal business hours, and until the
termination of this Agreement. Time spent by Southern Star Research and the costs of such audit shall be borne by Psyence.
auditor appointed by Psyence to perform such audit shall not be a competitor of Southern Star Research or its Affiliates and shall be
bound by obligations of confidentiality at least as stringent as those contained in this Agreement. Psyence agrees that any audit shall
not materially interfere with the conduct of Southern Star Research or its Affiliates' businesses and that any auditor shall comply
with any reasonable direction from Southern Star Research during the conduct of an audit.
During the term of this Agreement
and for a period of three (3) years thereafter, neither Party shall, without the prior written consent of the other Party:
Southern Star Research Pty Ltd
Attention: Managing Director
1 Merriwa Street, Gordon NSW 2072,
Psyence Australia Pty Ltd
Level 7, 330 Collins Street, Melbourne
Attention: Dr Clive Ward-Able, copying
Executed as an Agreement.
| Executed by Psyence Australia Pty Ltd ACN 665 259 727 in accordance with section 127 of the Corporations Act 2001 (Cth) by: | ) ) ) ) | |
| Signature of Director | Signature of Director | |
| Timothy James Waugh | Warwick Corden-Lloyd | |
| Print name of Director | Print name of Director | |
| Executed by Southern Star Research Pty Ltd ACN 103 120 896 in accordance with section 127 of the Corporations Act 2001 (Cth) by: | ) ) ) ) | |
| Signature of Director | Signature of Company Secretary | |
| David Lloyd | Richard M. Taylor | |
| Print name of Director | Print name of Company Secretary |