Exhibit
10.8


 


MANAGEMENT
SERVICES AGREEMENT


 


This MANAGEMENT SERVICES
AGREEMENT ("Agreement") is made and entered into as of the 1st day of September, 2017, by and between Clil Medical
Ltd., an Israeli corporation (“Clil"), and Project18 Inc., a Delaware corporation ("Company").


 


WHEREAS, Morris C.
Laster, M.D. (“Laster”) is the sole principal of Clil; and


 


WHEREAS, the Company
desires that Clil make Laster available to the Company to serve, in accordance with the Company’s bylaws, as the Company’s
chief executive officer.


 


NOW, therefore, it
is agreed as follows:


 


1.       Chief
Executive Officer Appointment. Clil, in accordance with the provisions of this Agreement, shall make Laster available to serve
as chief executive officer of the Company and any of the Company’s subsidiaries. Laster shall be obligated to perform and
provide all services that are customarily provided by chief executive officers and will be entrusted with such power and authority
inherent in being a chief executive officer.


 


2.       Board
of Directors Supervision. The activities of Laster to be performed under this Agreement as chief executive officer shall be
subject to the supervision of the Board of Directors of the Company (the "Board") to the extent required by applicable
law or regulation and subject to reasonable policies not inconsistent with the terms of this Agreement adopted by the Board and
in effect from time to time.


 


3.       No
Further Authority of Clil. Clil shall provide no additional services or have any right to provide services for the benefit
of the Company absent the approval of the Company’s Board.


 


4.       Compensation.
For the services Laster performs hereunder, the Company shall pay to Clil a monthly management services fee of $10,000 payable
in arrears.


 


5.       Reimbursement
of Expenses. All obligations or expenses incurred by Clil in the performance of Laster’s duties under this Agreement
shall be for the account of, on behalf of, and at the expense of the Company. Clil shall not be obligated to make any advance to
or for the account of the Company or to pay any sums, except out of funds held in accounts maintained by the Company nor shall
Clil be obligated to incur any liability or obligation for the account of the Company without assurance that the necessary funds
for the discharge of such liability or obligation will be provided.


 


6.        Independent
Contractor. Clil shall be an independent contractor, and nothing obtained in this Agreement shall be deemed or construed (i)
to create a partnership or joint venture between the Company and Clil, or (ii) to cause Clil to be responsible in any way for the
debts, liabilities or obligations of the Company or any other party


 


7.       Time
and Attention. Clil shall cause Laster to give the time and attention to his duties hereunder that are reasonably required
to perform the services required of him hereunder.


 




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8.       Term.
This Agreement shall remain in effect for a period of one year and thereafter shall be renewed for successive one year terms unless,
starting in the second year of this Agreement, either party terminates this Agreement upon not less than 60 days prior written
notice. Notwithstanding the foregoing, either the Company or Clil may terminate this Agreement for cause in the event of the breach
of any of the material terms or provisions of this Agreement by the other party, which breach is not cured within 10 business days
after written notice of the same is given to the party alleged to be in breach, or by the Company if Laster is directly hired by
the Company as its chief executive officer. Upon termination of this Agreement by the Company without cause or by Clil with cause,
Clil shall be entitled to receive the monthly payments hereunder for all remaining months of the then one year term in which such
termination occurred in a single lump-sum payment, payable within five business days of such termination. In no event will Clil
be entitled to any further payments hereunder if the Company terminates this Agreement without cause in connection with Laster
becoming directly employed by the Company as its chief executive officer. Notwithstanding the termination of this Agreement, Sections
10, 12 and 16 shall survive such termination.


 


9.       Standard
of Care. Clil shall not be liable for any mistakes of fact, errors of judgment, for losses sustained by the Company or for
any acts or omissions of any kind (including acts or omissions of Clil), unless the Company's losses (including expenses, costs
and attorneys' fees) are finally and judicially determined to have resulted from the gross negligence or willful misconduct of
Clil.


 


10.       Indemnification.
The Company agrees to indemnify and hold harmless Clil and Laster from and against any and all losses, claims, damages or liabilities,
including reasonable attorney’s fees (collectively “Losses”) suffered or incurred by Clil or Laster in
connection with the provision of services under this Agreement (except to the extent such Losses result from the gross negligence
of or bad faith of Laster in performing services hereunder. Clil agrees to indemnify the Company for Losses incurred as a result
of the gross negligence or bad faith of Clil or Laster in providing services hereunder; provided, that such indemnity shall be
limited to the amount of fees actually paid to Clil pursuant to this Agreement during the prior 12 calendar months.


 


11.       No
Assignment. Without the consent of either party hereto, neither party shall assign, transfer or convey any of its rights, duties
or interest under this Agreement, nor shall it delegate any of the obligations or duties required to be kept or performed by it
hereunder.


 


12.       Notices.
All notices, demands, consents, approvals and requests given by either party to the other hereunder shall be in writing and shall
be personally delivered or sent by registered or certified mail, return receipt requested, postage prepaid, to the parties at the
following addresses:


 


	If to the Company:	
        c/o HCFP Inc.

        420 Lexington Avenue, Suite 300

        New York, NY 10170

        Attention: Joshua R. Lamstein



 




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	If to Clil:	
        Clil Medical Ltd.

        11 Reuvan Shari Street

        Israel, Jerusalem 9724611

        Attention: Morris C. Laster, M.D.



 


Any party may at any time change its respective
address by sending written notice to the other party of the change in the manner hereinabove prescribed.


 


13.      Severability.
If any term or provision of this Agreement or the application thereof to any person or circumstance shall, to any extent, be invalid
or unenforceable, the remainder of this Agreement, or the application of such term or provision to persons or circumstances other
than those as to which it is held invalid or enforceable, shall not be affected thereby, and each term and provision of this Agreement
shall be valid and be enforced to the fullest extent permitted by law.


 


14.      No
Waiver. The failure by any party to exercise any right, remedy or elections herein contained or permitted by law shall not
constitute or be construed as a waiver or relinquishment for the future exercise of such right, remedy or election, but the same
shall continue and remain in full force and effect. All rights and remedies that any party may have at law, in equity or otherwise
upon breach of any term or condition of this Agreement, shall be distinct, separate and cumulative rights and remedies and no one
of them, whether exercised or not, shall be deemed to be in exclusion of any other right or remedy.


 


15.      Entire
Agreement. This Agreement contains the entire agreement between the parties hereto with respect to the matters herein contained
and any agreement hereafter made shall be ineffective to effect any change or modification, in whole or in part, unless such agreement
is in writing and signed by the party against whom enforcement of the change or modification is sought.


 


16.      Governing
Laws. This Agreement shall be deemed to have been made and delivered in New York City and will be governed as to validity,
interpretation, construction, effect and in all other respects by the internal law of the State of New York. Each of the Company
and Clil hereby (i) agrees that any legal suit, action or proceeding arising out of or relating to this Agreement will be instituted
exclusively in New York State Supreme Court, County of New York, or in the United States District Court for the Southern District
of New York, (ii) waives any objection to the venue of any such suit, action or proceeding and the right to assert that such forum
is not a convenient forum for such suit, action or proceeding, (iii) irrevocably consents to the jurisdiction of the New York State
Supreme Court, County of New York, and the United States District Court for the Southern District of New York in any such suit,
action or proceeding, (iv) agrees to accept and acknowledge service of any and all process that may be served in any such suit,
action or proceeding in New York State Supreme Court, County of New York or in the United States District Court for the Southern
District of New York and (v) agrees that service of process upon it mailed by certified mail to its address set forth above and
will be deemed in every respect effective service of process upon it in any suit, action or proceeding.


 




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17.      Preparation
of this Agreement. This Agreement has been prepared by Greenberg Traurig LLP (“GT”) solely as counsel to
the Company. GT is not acting as legal counsel nor providing any legal representation to Clil or Laster in connection with this
Agreement and the Company has advised Clil and Laster to seek independent legal advice in connection with the preparation and negotiation
of this Agreement.


 


IN WITNESS WHEREOF,
the parties hereto have caused this Agreement to be duly as of the date first above written.


 




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	 	PROJECT18 INC.
	 	 	 
	 	By:	 
	 	Name:	 
	 	Title:	 
	 	 	 
	 	CLIL LTD.
	 	 	 
	 	By:	 
	 	Name:	  Morris C. Laster, M.D.


 


	SEEN AND ACCEPTED:	 
	 	 
	 	 
	Morris C. Laster, M.D., Individually	 


 




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