Exhibit 10.16
 
FORM OF CLINICAL ADVISORY PANEL AGREEMENT
 
This Agreement is made as of October 26, 2006, between Modigene Inc. (the
"Company"), and _______________ (the "Consultant"'), and shall be effective as
of the date this Agreement has been approved by the Board of Directors of the
Company (the "Effective Date"). Consultant has been involved in fields of
particular interest to the Company. The Company wishes to retain Consultant in a
consulting capacity as a member of the Company's Clinical Advisory Panel (the
"CAP"), and Consultant desires to perform such consulting services. Accordingly,
the parties agree as follows:
 
1. Services. Consultant will serve as a member of the CAP, attend CAP meetings,
and advise the Company's management, employees and agents, at reasonable times,
in matters related to the relevant field of interest, as requested by the
Company as set forth below. The field of interest for consulting hereunder
involves clinical development of Erythropoietin (the "Field of Interest").
Consultant shall be required to attend up to four meetings of the CAP per year.
Consultation may be sought by the Company over the telephone, in person at
Consultant's office, at the Company's offices or another reasonable location or
through written correspondence, and will involve engaging in, providing
Consultant’s expertise as applied to, as well as reviewing activities and
developments in the Field of Interest.
 
2. Compensation. In consideration for Consultant's services provided under this
Agreement, Consultant shall awarded a one-time grant of nonstatutory stock
options pursuant to the Company's 2005 Stock Option Plan (the “Plan”)
exercisable to purchase 15,000 shares of the Company’s Common Stock, par value
$.001 per share, at an exercise price of $2.25 per share. The options will vest
annually in four equal increments, with the first increment vesting on the one
year anniversary of the Effective Date. In the event that this Agreement is
terminated, any unvested options shall be terminated and cancelled and any
vested options shall be exercisable in accordance with and subject to the terms
of the Plan. For meetings with the Company’s representative(s) in excess of the
four required meetings per year, the Company shall pay Consultant $1,500 per
day. Reasonable expenses of Consultant incurred at the request of the Company
(including travel expenses incurred in connection with Company related business)
will be reimbursed promptly by the Company, subject to customary verification.
 
3. Term. The term of this Agreement will begin on the Effective Date of this
Agreement and will end on the first anniversary of the Effective Date or upon
earlier termination as provided below (the "Term"). This Agreement may be
terminated at an earlier time before the first anniversary hereof by either
party with at least 30 days written notice. The Term will be automatically
renewed for successive one-year periods, unless either party provides written
notice at least thirty (30) days before the end of the Term that such party does
not wish to renew this Agreement. Upon a termination of this Agreement, the
provisions of Sections 5, 6, 7, 9 and 10 shall survive.
 
4. Certain Other Contracts.
 
4.1 Consultant has disclosed on Exhibit A hereto any agreements with obligations
to any third-party to which the Consultant is bound, either directly or
indirectly, that may prevent, prohibit, interfere or conflict with Consultant
performing all of his/her obligations hereunder. During the Term, Consultant
will not enter into any agreement that would prevent, prohibit, interfere or
conflict with Consultant performing services hereunder, without the prior
written consent of the Company’s President.
 

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5. Confidentiality.
 
5.1 Consultant acknowledges that, during the course of performing his services
hereunder, the Company will disclose information to Consultant, and Consultant
will be developing information related to the Field of Interest, inventions,
projects, products, potential customers, personnel, business plans, and
finances, as well as other commercially valuable information whether or not
related to the Field of Interest (collectively "Confidential Information").
Consultant acknowledges that the Company's business is extremely competitive,
dependent in part upon the maintenance of secrecy, and that any disclosure of
the Confidential Information would result in serious irreparable harm to the
Company.
 
5.2 Consultant agrees: (i) that the Confidential Information will be used by
Consultant only in connection with consulting activities hereunder, and will not
be used in any way that is detrimental to the Company; and (ii) not to disclose,
directly or indirectly, the Confidential Information to any third person or
entity, other than representatives or agents of the Company, and to treat all
such information as confidential and proprietary property of the Company.
 
5.3 The term "Confidential Information" does not include information that:
(i) is or becomes generally available to the public other than by disclosure in
violation of this Agreement; (ii) was within the relevant party's possession
before being furnished to such a party; (iii) becomes available to the relevant
party on a nonconfidential basis through no wrongful act of Consultant, or
(iv) was independently developed by the relevant party without reference to the
information provided by the Consultant.
 
5.4 Consultant may disclose any Confidential Information that is required to be
disclosed by law, government regulation or court order. If such disclosure is
required, Consultant will give the Company advance notice and cooperate with the
Company so that the Company may seek a protective order or take other action
reasonable in light of the circumstances.
 
5.5 Intellectual Property Rights. (a) The parties intend that the Company shall
be the sole and exclusive owner of all right, title and interest in and to the
any information related to the Field of Interest, inventions, projects,
products, potential customers, personnel, business plans, and finances, as well
as other commercially valuable information learned or developed hereunder (the
“Company Property”), including, without limitation, any copyrights, patents,
trade secrets and other intellectual or industrial property rights (collectively
“Intellectual Property Rights”) and Consultant specifically disclaims any
Intellectual Property Rights in or to the Company Property. If Consultant
obtains any ownership or other interest in the Intellectual Property Rights in
the Company Property, Consultant hereby assigns and agrees to assign to Company
ownership, right, title and interest in all Intellectual Property Rights in and
to the Company Property and all works of authorship, inventions, processes,
trade secrets, and all other creations conceived or developed, in whole or in
part, in developing the Company Property, as well as all derivative works
thereof made by the Company.
 
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(b) Consultant agrees to cooperate with the Company or its designee(s), both
during and after the Term, in the procurement and maintenance of the Company’s
Intellectual Property Rights in the Company Property and to execute, when
requested, any other documents deemed necessary by the Company to carry out the
purpose of this Agreement. The Company will provide Consultant with written
notice of the Company’s request that Consultant execute a document required to
apply for, prosecute or maintain any Intellectual Property Right with respect to
the Company Property. In the event that within thirty (30) days of such written
notice the Company is unable for any reason to secure Consultant’s signature to
any document required to apply for, prosecute or maintain any Intellectual
Property Rights with respect to the Company Property, Consultant hereby
irrevocably designates and appoints the Company and its duly authorized officers
and agents as its agents and attorneys in fact to act for and on its behalf and,
instead of Consultant, to execute and file any such document required to apply
for, prosecute or maintain any Intellectual Property Right with respect to the
Company Property and to do all other lawfully permitted acts to further the
application, prosecution and maintenance of such Intellectual Property Rights,
with the same legal force and effect as if executed by Consultant. This limited
power of attorney shall be deemed a power coupled with an interest and is
therefore irrevocable.
 
6. No Conflict: Valid and Binding. Consultant represents that neither the
execution of this Agreement nor the performance of Consultant's obligations
under this Agreement (as modified to the extent required by Section 4) will
result in a violation or breach of any other agreement by which Consultant is
bound, directly or indirectly. The Company represents that this Agreement has
been duly authorized and executed and is a valid and legally binding obligation
of the Company.
 
7. Notices. Any notice provided under this Agreement shall be in writing and
shall be deemed to have been effectively given: (i) upon receipt when delivered
personally or via e-mail; (ii) one day after sending when sent by overnight
courier service (such as Federal Express); or (iii) five days after sending when
sent by regular mail to the addresses set forth on the signature page to this
Agreement, or to other such address as may have been designated by the Company
or Consultant by notice to the other given as provided herein.
 
8. Independent Contractor: Withholding. Consultant will at all times be an
independent contractor, and as such will not have authority to bind the Company.
Consultant will not act as an agent for the Company nor will Consultant be
deemed to be a Company employee for the purposes of any employee benefit
program, unemployment benefits, or otherwise. Consultant recognizes that no
amount will be withheld from his compensation for payment of any federal, state,
or local taxes, if any, and that it is Consultant's sole responsibility to file
any and all such returns as shall be required by applicable laws and
regulations. Consultant shall not enter into any agreements nor incur any
obligations on behalf of the Company.
 
9. Assignment; Severability. Due to the personal nature of the services to be
rendered by Consultant, Consultant may not assign this Agreement. The Company
may assign all rights and liabilities under this Agreement to a subsidiary, an
affiliate, or to a successor to all or a substantial part of its business and
assets without the consent of Consultant. Subject to the foregoing, this
Agreement will inure to the benefit of and be binding upon each of the heirs,
assigns and successors of the respective parties. If any provision of this
Agreement shall be declared invalid, illegal or unenforceable, such provision
shall be severed and the remaining provisions shall continue in full force and
effect.
 
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10. Governing Law; Entire Agreement; Amendment. This Agreement shall be governed
by the laws of the State of New York applicable to an agreement made and to be
performed wholly within the said state. This Agreement represents the entire
understanding of the parties, supersedes all prior agreements between the
parties, whether oral or in writing, and may only be amended in writing.
 
IN WITNESS WHEREOF, the parties have executed this Agreement as of the date
first written above.

        MODIGENE INC.     CONSULTANT         By:     By: 

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