Document:

Exhibit 10.10

 

AMENDMENT TO EMPLOYMENT AGREEMENT

 

This Amendment to the Employment Agreement (the
"Amendment") is entered into as of the 10th day of September, 2020 and effective as of September 1, 2020
(the "Effective Date") by and between G.R.I.N Ultra Ltd., a company organized under the laws of the State of
Israel (the "Company"), and Mr. Gabriel Yariv with an address at 32 Hamelachim St., Ramat Hasharon, Israel
(the "Employee").

 

WHEREAS, the Company and the Employee entered into
that certain Employment Agreement dated May 1st, 2018 (the "Employment Agreement"), as further amended on
November 1, 2019 (the ·”First Amendment");

 

WHEREAS, the Board of Directors of Cannabics Pharmaceuticals
Inc. ("CNBX"), the sole shareholder of the Company, appointed the Employee as President of CNBX and, as a result,
the Employee has assumed additional responsibilities;

 

WHEREAS, the Board of Directors of CNBX has approved
the issuance of CNBX stock options to the Employee, as described in the First Amendment (at an exercise price per share of 0.0001
USD and other terms as approved by the Board of Directors of CNBX) and, alternatively, the issuance of CNBX shares to the Employee
in the event that CNBX' Employee Stock Options Plan ("ESOP") is not effectuated;

 

WHEREAS, in consideration of the above, the Company and
the Employee desire to further amend the Employment Agreement;

 

NOW, THEREFORE, the parties hereto agree to amend the
Employment Agreement as follows:

 

1.       Capitalized terms
used but not otherwise defined herein shall have the meaning ascribed to them in the Employment Agreement.

 

2.       Except as otherwise
amended and modified hereby, all the provisions of the Employment Agreement and the First Amendment, including exhibits thereto,
shall remain in full force and effect.

 

3.       Starting from September
1, 2020, the Employee’s gross monthly salary shall increase to 50,000 ILS and he will also be entitled to receive·car
maintenance and cell phone expenses from the Company.

 

4.       Termination of the
Employment Agreement by the Company will require a minimum of 150 days advance notice, as well as immediate granting of any outstanding
CNBX stock options (for a total of 850,000 shares), as described in the First Amendment, or should there be no ESOP at the time
of the termination, immediate granting of the equivalent amount of CNBX shares, as previously approved by the Board of Director
of CNBX.

 

 

 

 

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IN WITNESS WHEREOF, the parties hereto have entered into
this Amendment as of the day and year first above written.

 

	G.R.I.N Ultra Ltd.	Cannabics Pharmaceuticals Inc.
	 	 
	By: /s/ Eyal Barad	By: Eyal Barad
	 	 
	Title: Director & CEO	Title: Director & CEO
	 	 
	Date: September 10th, 2020	Date: September 10th, 2020

 

Gabriel Yariv  

 

 

/s/ Gabriel Yariv
 

 

Date: September 10th, 2020

 

 

 

 

 

 

 

 

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AMENDMENT TO EMPLOYMENT AGREEMENT

 

 

THIS AMENDMENT TO THE EMPLOYMENT AGREEMENT
(“Amendment”) by and between G.R.I.N Ultra Ltd. a company organized under the laws of the State of Israel,
(the “COMPANY"), and Mr. GABRIEL YARIV (hereinafter referred to as “GABRIEL”), is made in consideration
of the mutual promises made herein, and signed on NOVEMBER, 1, 2019.

 

PREAMBLE

 

WHEREAS, GABRIEL was originally employed by the COMPANY
as VP Business Development; and

 

WHEREAS, a written Employment Agreement was entered between
GABRIEL and the COMPANY on MAY, 1st, 2019; and

 

WHEREAS, on or about November, 1st, 2019. the Board of
Directors of Cannabics Pharmaceuticals Inc.(“CNBX"), the sole shareholder of COMPANY, offered GABRIEL the position of
Chief Operations Officer (“COO”') for CNBX; and

 

WHEREAS, GABRIEL has accepted the position;

 

NOW THEREFORE, the COMPANY and GABRIEL in consideration
of the above, agree to amend the 2019 Employment Agreement on the following terms;

 

1. Term. The term of the employment agreement will be
for 3 years starting November l, 2019. At the end of the term, the employment agreement will auto renew for an additional 2 years.

 

2. Compensation. From and after November 1, 2019, GABRIELS’s
gross monthly salary shall increase to 38,500 ILS. and he will also be entitled to receive Car and Cell Phone expenses from COMPANY.
In addition GABRIEL will receive a one-time signing bonus in the amount of 100,000 CNBX stock options, and will be granted additional
250,000 CNBX stock options annually for the full term of the agreement as set forth in Article l (“Term”). Said
CNBX stock options will be issued as part of CNBX’ Employee Stock Options Plan (ESOP).

 

3. Advance Notice. Termination of the 2019 Employment
Agreement by COMPANY will require a minimum of 150 days advanced written notice, as well as immediate granting of any outstanding
CNBX stock options for the full term of the agreement as set forth in Article 2 (“Compensation”). During any
advance notice period, GABRIEL shall be required to cooperate with the Company to ensure a smooth transition.

 

 

IN WITNESS WHEREOF, the parties hereto have executed
and delivered this Amendment as of the date first set forth above.

 

 

	EMPLOYEE	G.R.I.N Ultra Ltd	G.R.I.N Ultra Ltd
	 	 	 
	GABRIEL YARIV	EYAL BARAD, CEO	ITAMAR BOROCHOV, DIRECTOR
	 	 	 
	/s/ Gabriel Yariv	/s/ Eyal Barad	/s/ Itamar Borochov

 

 

 

 

 

 

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G.R.I.N ULTRA LTD.

 

 

OFFER LETTER

 

Date: May 1st 2019

 

 

To: Gabriel Yariv

 

32, Hamelachim st.

Ramat Hasharon

 

ID: xxxxxxx

 

Re:Offer of Employment

 

Dear Gabriel,

 

We are pleased to offer you the position of VP Business Development
in G.R.I.N Ultra Ltd., a company organized under the laws of the State of Israel, (the “Company”), effective as of
May 1st, 2019 (the "Commencement Date").

 

Scope of the position: 100%, 5 working days per week,
You undertake that if necessary and as necessary , you will also work during hours beyond regular working hours, in accordance
with the Company's needs.

 

In your position, you will be reporting to the Company's Chief
Executive Officer. Your designated supervisor may change from time to time in accordance with structural changes within the Company.

 

Set forth herein are the terms and conditions of your employment with the Company. Once you fully understand
the terms and conditions set forth herein, you are kindly requested to sign this offer letter and the ancillary forms attached
hereto and return them to the Company by no later than ______________ ___, 2019.

 

1.       Compensation
and Benefits:

 

1.1       Salary
- Your gross monthly salary will be NIS 25,000 (the "Salary"). The Salary includes the Global Overtime Remuneration.
After 3 months of work and at the discretion of the company, and after the employee's adjustment to the position is examined, the
total salary of the employee will be raised to NIS 30,000 gross.

 

1.2       Global Overtime
Remuneration - Due to the nature of your position and because you may be required to work hours beyond the regular work
week, the Company is paying you, as part of your Salary, a gross payment of NIS 6,000 per month on account of up to 45 monthly
hours of overtime (the "Global Overtime Remuneration").

 

1.3       Benefits
- The Company is including the Global Overtime Remuneration for the purpose of contributions to your Benefit Plan and
Education Fund. Therefore, for the purpose of the Company's and your respective contributions to your Benefit Plan and Education
Fund, your Salary, including the Global Overtime Remuneration, will be referred to as your "Salary."

 

 

 

 

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1.4       Transportation
- The Company shall reimburse you for using public transportation to and from the office in accordance with applicable law.

 

1.5       Expenses - The Company
shall reimburse you for all reasonable business expenses incurred in the performance of your position, provided that all expenses
shall require the Company' s pre-approval in writing.

 

2.       Benefits:

 

2.1       Benefit Plan
-The Company provides its employees with a pension/savings plan for the provision of employee benefits, which plan is funded by
the amounts mandated by law to be paid by the employer and all employee contributions (the "Benefit Plan"). The
Company will contribute an amount equal to 8.33% of your Salary towards your future severance (the "Severance Fund").
In addition, the Company will contribute an amount each month towards a savings/pension fund (the type of fund will be as per you
choosing) in accordance with applicable law, subject to your monthly contribution from your Salary (the "Savings Fund").
The amount of the Company's contribution to the Savings Fund will be 6.5% of your Salary and the amount of your contribution to
the Savings Fun will be 6% of your Salary. The Company will also contribute an amount of up to 2.5% of your Salary towards disability
insurance based on the agreements that the Company has with its benefit plan vendor.

 

2.2       Section 14
of the Severance Pay Law - You hereby agree and acknowledge that all of the payments that the Company shall make to the
above mentioned Benefit Plan shall be instead of any severance pay to which the Employee or Employee ' s successors shall be entitled
to receive from the Company with respect to the salary from which these payments were made and the period during which they were
made . Subject to the Company's rights according to law in the event of termination for cause, in the event of termination of the
employer -employee relationship, including resignation, you shall be entitled to receive a transfer of ownership of the Benefit
Plan to your name, in the full amount thereof, all in accordance with Section 14 of the Severance Pay Law 5723-1963 . The parties
hereby adopt the General Approval of the Minister of Labor and Welfare, published in the Official Publications Gazette No. 4659
on June 30, 1998, attached hereto as Exhibit A.

 

2.3       Education
Fund - After 3 months of working retroactively from the beginning of work the Company shall contribute a sum equal to 7.5%
of your Salary to an education fund, subject to your contribution on your own expense of a monthly sum equal to 2.5% of your Salary.
Notwithstanding anything to the contrary herein, all payments and contributions of the Company under this section shall be limited
to the highest deductible amount recognized by the tax authorities.

 

2.4       Vacation
Days - The Company shall provide you with a total of 18 annual vacation days (your "Vacation Allotment"),
which includes ire vacation days which you are entitled to receive under law. A portion of your annual vacation shall be exercised
during initiated/joined vacations of the Company, as shall be determined by the Company's management from time to time. The Company
encourages and expects its employees to utilize their Vacation Allotment. You must use at least five (5) vacation days each year
and the remainder may be accumulated each year for a maximum of two years accrual. An accrual in excess of two annual Vacation
Allotments will automatically be voided, and you will not be entitled to redeem these days for payment. Although we will monitor
compliance with the Company's vacation policy, we expect you to act responsibly in using your vacation days after coordinating
your vacation with your supervisor .

 

 

 

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2.5       Sick Leave
- You will be entitled to sick leave according to the Sick Leave Act. Sick leave days may not be accrued nor redeemed for monetary
payments.

 

2.6       Recuperation
Pay - You will be entitled to Recuperation Pay (‘dmei havraa’) in accordance with applicable law.

 

2.7       Tax
Consequences Relating to Benefits - All tax consequences resulting from any benefits you will receive from the Company
under this Benefits heading, including required withholdings , national insurance tax (‘bituach leumi’), heath
tax ('mas briut'), etc. will be borne by you and deducted by the Company.

 

3.       Fiduciary
Duty and Conflicts of Interest:

 

3.1       During the term
of your employment, you are required to devote your full attention and efforts to the Company and therefore will not be permitted
to engage in additional employment or like obligations, unless otherwise agreed to by the Company in writing.

 

3.2       You acknowledge
and agree that your execution and delivery of this offer letter and the fulfillment of the terms hereof (i) will not conflict with
any agreement or undertaking by which you are bound; and (ii) will not require the consent of any person or entity.

 

3.3       In signing this
offer letter you undertake to: (i) perform the duties assigned to you with integrity, diligence, and as a fiduciary of the Company;
(ii) act according to the Company' s procedures, as will be brought to your attention from time to time; (iii) immediately notify
the Company in writing with respect to any occupation, activity, remuneration, interaction or engagement which may pose a risk
of putting you in a conflict of interests with your position in the Company and/or with your obligations towards the Company; and
(iv) immediately notify the Company in writing about any possibility of detriment to the Company’s interests, including the interests
of any of its employees and/or managers , which may come to your attention.

 

4.       Confidentiality,
Invention Assignment and Non-Competition:

 

As a Company employee you will be expected
to abide by all Company policies and procedures, and sign and comply with Company' s Confidentiality and Invention Assignment Agreement
("CIAA") attached hereto as Exhibit B. This Agreement prohibits, both during and after your employment
with the Company, unauthorized use or disclosure to anyone outside of the Company and any of its subsidiaries or authorized affiliates
ff the proprietary or trade secret information of the Company, its customers and its clients, as well as the disclosure to the
Company of the proprietary or trade secret information of an third party. In addition, this Agreement provides for the assignment
of employee invention to the Company and prohibits employees for a period of 12 months after their employment to induce employees
or consultants to sever their relationship with the Company. Of course, this description is only a summary and the CIAA itself
will govern your actual obligations.

 

 

 

 

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5.Term of and Termination of Employment:

 

The following sets forth the term of your employment and the
conditions of termination, if you or the Company decides to terminate your employment.

 

5.1       Term - By signing this offer letter, you understand
and agree that your employment with the Company is terminable at-will, that is your employment is not for any specified duration
and may be terminated by you or the Company, at any time, with or without cause, subject to the advance notice requirement set
forth in Section 5.2, below. You further irrevocably waive any right you may have to receive explanations regarding the circumstances
of your termination and hereby represent and acknowledge that your remuneration hereunder is sufficient consideration for such
irrevocable waiver.

 

5.2       Advance Notice
- You or the Company may terminate this agreement at any time by providing 30 days advanced written notice. The Company may terminate
your employment with a shorter notice period provided that you receive salary for the complete advance notice period. During any
of the above notice periods, you shall continue to render services to the Company until the termination of a notice period, and
cooperate with the Company as required.

 

5.3       Benefits
upon Termination of Employment - If you decide to voluntarily leave the Company or if the Company terminates your employment
o her than "For Cause" (as defined in Section 5.4), you will be entitled to receive ownership of your Savings Fund and
the Company will release to you the amounts accrued on your behalf in the Severance Fund (subject to restrictions provided under
the " Benefit Plan" heading above).

 

5.4       Termination
for Cause - If the Company terminates your employment for reasons which are considered "For Cause" (as defined
below), this offer letter will terminate immediately without the need to provide you with any advance notice prescribed in Section
5.2, above, and you will forfeit all rights (e.g. stock options, Benefit Plan, etc.) which you have accrued, to the maximum extent
permitted under Israeli law, including sections 16 and 17 of the Severance Law. For the purposes of this offer letter, the term
" For Cause" will mean if : (i) you materially breach this agreement (including the Exhibits); (ii) you grossly fail
in the performance of your duties;

(iii) you act in bad faith or breach of trust towards the Company;
(iv) you engage in fraud or willful misconduct , (v) you perform and act with the intention of harming the Company or any of its
affiliates; (vi) you are convicted of a criminal act involving moral turpitude ; (vii) you embezzle funds of the Company, its affiliates
, or clients; or ( iii) you have performed any act that entitles the Company legally to dismiss you without paying you severance
pay in connection with such dismissal.

 

5.5       Orderly Transition - You undertake that in
the event you cease to work for the Company, for any reason whatsoever, you will transfer, in and organized manner and according
to the procedures determined by the Company, your position and the documents and projects which you are dealing with or are in
your possession or under your control at such time, to whomever the Company shall determine, in a manner which will enable that
person to responsibly perform the duties that you had been performing such that no damage will be caused

to the Company.

 

5.6       Prevention
of Sexual Harassment Law - You confirm that you have received the Prevention of Sexual Harassment Law at Work (attached
hereto as Appendix C to this Agreement) , you have read it, you declare that you have understood its contents, and you undertake
to act in accordance with his instructions

 

 

 

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This offer letter, along with the Exhibits attached hereto,
sets forth the terms of your employment with the Company and supersedes any prior representations or agreements, whether written
or oral. This offer letter may not be modified or amended except by written agreement, signed by you and a representative of the
Company. Your signature below will constitute your acceptance of this offer and of your agreement to its provision .

 

 

We believe that you have much to offer the Company a d we look
forward to your joining our team and contributing to our shared vision.

 

	 	Sincerely,
	 	 
	 	G.R.I.N Ultra Ltd.
	 	 
	 	/s/ Eyal Barad
	 	Eral Barad
	 	 

 

 

I accept the Company's employment offer in accordance with the
terms of this offer letter. I acknowledge that I have reviewed and understood the terms of this offer letter and have had the opportunity
to consult counsel:

 

 

Gabriel Yariv                                    /s/
Gabriel Yariv

Name                          Date                    Signature

 

 

 

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Exhibit B

 

CONFIDENTIALITY AND INVENTION ASSIGNEMENT
AGREEMENT

(the "Agreement")

 

I
acknowledge that as a result of my employment, I may develop, receive, or otherwise have access to confidential or
proprietary information, which is of value to G.R.I.N Ultra Ltd. (together with any parent,
affiliate, or subsidiary, the "Company"). I therefore agree, as a condition of my employment, as follows:

 

1.       Confidentiality.

 

1.1       Recognition
of Company's Rights; Nondisclosure. At all times during my employment with the Company and thereafter, I will hold in strictest
confidence and will not disclose, use, lecture upon or publish any of the Company's Proprietary Information (defined below), except
as such disclosure, use or publication may be required in connection with my work for the Company, or unless an officer of the
Company expressly authorizes such in writing or unless such information becomes public knowledge. I will obtain the Company's written
approval before publishing or submitting for publication any material (written, verbal, or otherwise) that relates to my work at
the Company and/or incorporates any Proprietary Information. I hereby assign to the Company, without any further royalty or payment,
any rights I may have or acquire. in such Proprietary Information and recognize that all Proprietary Information shall be the sole
property of the Company and its assigns.

 

1.2       Proprietary
Information. The term "Proprietary Information" shall mean any and all confidential and/or proprietary knowledge,
data or information of the Company. By way of illustration but not limitation, "Proprietary Information" includes (a)
trade sec1ets, inventions, mask works, ideas, processes, formulas, source and object codes, data, lists, programs, other works
of authorship, know-how, improvements, discoveries, developments, designs and techniques (hereinafter collectively referred to
as "Inventions"); and (b) information regarding plans for research, development, new products, marketing and selling,
business plans, budgets and unpublished financial statements, licenses, prices and costs, suppliers and customers; and (c) information
regarding the skills and compensation of other employees of the Company. Notwithstanding the foregoing, it is understood that,
at all such times, I am free to use information which is generally known in the trade or industry, which is not gained as result
of a breach of this Agreement, to whatever extent and in whichever way I wish.

 

1.3       Third
Party Information. I understand, in addition, that the Company has received and in the future will receive from third parties
confidential or proprietary information ("Third Party Information") subject to a duty on the Company's part to maintain
the confidentiality of such information and to use it only for certain limited purposes. During the term of my employment and thereafter,
I will hold Third Party Information in the strictest confidence and will not disclose to anyone (other than Company personnel who
need to know such information in connection with their work for the Company) or use, except in connection with my work for the
Company, Thire Party Information unless expressly authorized by an officer of the Company in writing.

 

1.4       No
Improper Use of Information of Prior Employers and Others. During my employment by the Company, I will not improperly use
or disclose any confidential information or trade secrets, if any, of any former employer or any other person to whom I have
an obligation of confidentiality, and I will not bring onto the premises of the Company any unpublished documents or any
property belonging to any former employer or any other person to whom I have an obligation of confidentiality unless
consented to in writing by that former employer or person.

 

 

 

 

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1.5       No
Expectation of Privacy. I recognize and agree that I have no expectation of privacy with respect to the Company's telecommunications,
networking, or information processing systems (including, without limitation, stored computer files, email messages and voice
messages) and that my activity, and any files or messages, on or using any of those systems may be monitored at any time without
notice.

 

2. Assignment of Inventions.

 

1.1       Proprietary Rights. The term "Proprietary Rights"
shall mean:

 

(i)       patents,
whether in the form of utility patents or design patents and all pending applications for such patents;

 

(ii)       trademarks,
trade names, service marks, designs, logos, trade dress, and trade styles, whether or not registered, and all pending applications
for registration of the same;

 

(iii)       copyrights
or copyrightable material, ,including but not limited to books, articles and publications, whether or not registered, and all pending
applications for registration of the same;

 

(iv)       inventions,
research records, trade secrets, confidential information, product designs, engineering specifications and drawings, technical
information, formulae, customer lists, supplier lists and market analyses; 

 

(v)       computer
programs, including, without limitation, computer programs embodied in semiconductor chips or otherwise embodied, and related flow-charts,
programmer notes, updates and data, whether in object or source code form; and

 

(vi)       all
other intellectual property rights throughout the world.

 

1.2       Inventions
Retained and Licensed. I represent that I have assigned to the Company all inventions, original works of authorship, developments,
improvements, and trade secrets which were made by me prior to my employment with the Company (collectively referred to as Prior
Inventions), which belong to me and which relate to the Company's proposed business, products or research and development. I hereby
represent and undertake that none of my previous employers or any entity with whom I was or am engaged, has any rights in the Prior
Inventions.

 

1.3       Assignment
of Inventions. Subject to Sections 2.4 below, I hereby assign and agree to assign in the future (when any such Inventions or
Proprietary Rights are first reduced to practice or first fixed in a tangible medium, as applicable) to the Company all my right,
title and interest in and to any and all Inventions (and all Proprietary Rights with respect thereto) whether or not patentable
or registrable under copyright or similar statutes, made or conceived or reduced Ito practice or learned by me, either alone or
jointly with others, during the period of my employment with the Company. Inventions assigned to the Company, or to a third party
as directed by the Company purrs ant to this Section 2, are hereinafter referred to as "Company Inventions." I will promptly
disclose and describe to the Company all Inventions which I may solely or jointly conceive, develop, or reduce to practice during
the period of my service with the Company (i) which relate to the Company's Entities' business or actual or demonstrably anticipated
research or development, (ii) which are developed in whole or in part on the Company's time or with the use of any of the Company's
equipment, supplies, facilities or trade secret information, or (iii) which result directly or indirectly from any work I performed
for the Company. I agree to assign and do hereby assign to the Company or its designee(s) all my right, title and interest worldwide
in such Company Inventions and in all intellectual property rights based upon such Inventions. Without limitation of any of the
other provisions of this agreement, I irrevocably confirm that the consideration explicitly set forth in my employment agreement
is in lieu of any rights for compensation that may arise in connection with the Company Inventions under applicable law and waive
any right to claim royalties or other consideration with respect to any Company Invention, including under Section 134 of the Israeli
Patent Law - 1967, and hereby waive any rights I may have with respect thereto.

 

 

 

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1.4        Government or Third Party.
I also agree to assign all my right, title and interest in and to any particular Company Invention to any third party, including
without limitation government agency, as directed by the Company.

 

1.5       Works
for Hire. I acknowledge that all original works of authorship which are made by me (solely or jointly with others) within
the scope of my employment and which are protectable by copyright are the property of the Company pursuant to applicable
copyright law.

 

2.6        Assignment or Waiver of Moral
Rights. Any assignment of copyright hereunder (and any ownership of a copyright as a work made for hire) includes all rights
of paternity, integrity, disclosure and withdrawal and any other rights that may be known as or referred to as “moral rights"(collectively
"Moral Rights"). To the extent such Moral Rights cannot be assigned under applicable law and to the extent the following
is allowed by the laws in the various countries where Moral Rights exist, I hereby waive such Moral Rights and consent to any
action of the Company that would violate such Moral Rights in the

absence of such consent.

 

1.7       Enforcement
of Proprietary Rights.

 

2.7.1       I will assist the Company in every proper way to obtain,
and from time to time enforce, any Proprietary Rights relating to Company Inventions in any and all countries. To that end I will
execute, verify and deliver such documents and perform such other acts (including appearances as a witness) as the Company may
reasonably request for use in applying for, obtaining, perfecting, evidencing, sustaining and enforcing such Proprietary Rights
and file assignment thereof. In addition, I will execute, verify and deliver assignments of such Proprietary Rights to the Company
or its designee. My obligation to assist the Company with respect to Proprietary Rights relating to such Company Inventions in
any and all countries shall continue indefinitely beyond the termination of my employment, but the Company shall compensate me
at a reasonable rate after my termination for the time actually spent by me at the Company's request on such assistance.

 

2.7.2       In
the event the Company is unable for any reason, after reasonable effort, to secure my signature on any document needed in
connection with t e actions specified in the preceding paragraph, I hereby irrevocably designate and appoint the Company and
its duly authorized officers and agents as my agent and attorney in fact, which appointment is coupled with an interest, to
act for and in my behalf to execute, verify and file any such documents and to do all other lawfully permitted acts to
further the purposes of the preceding paragraph with the same legal force and effect as if executed by me. I hereby waive and
quit claim to the Company any and all claims, of any nature whatsoever, which I now or may hereafter have for infringement of
any Proprietary Rights assigned hereunder to the Company.

 

3.       Records.

 

I agree to keep and maintain adequate
and current records (in the form of notes, sketches, drawings and in any other form that may be required by the Company) of all
Proprietary Information developed by me and all Inventions made by me during the period of my employment at the Company, which
records shall be available to and remain the sole property of the Company at all times.

 

 

 

 

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4.       Competitive
Activities.

 

For purposes of this Section 4, the term
"the Business of the Company" shall mean the research, development, marketing and sale of cannabinoid-based cancer medicine
and diagnostics products and services. During the term of this Agreement and for a period of six (6) months from the effective
date of termination of this Agreement for any reason ("the Termination Date"), I will not directly or indirectly:

 

(i)      carry
on or hold an interest in any company, venture, entity or other business (other than a minority interest in a publicly traded
company) which directly competes with the Business of the Company, ("a Competing Business") (including, without limitation,
as a shareholder);

 

(ii)       act
as a consultant or employee or officer or in any managerial capacity in a Competing Business or supply in direct competition with
the Company restricted services to any person who, to my knowledge, was provided with services by the Company any time during
the twelve (12) months immediately prior to the Termination Date;

 

(iii)       solicit,
canvass or approach or endeavor or solicit, canvass or approach any person who, to my knowledge, was provided with services by
the Company at any time during the twelve (12) months immediately prior to the Termination Date, for the purpose of offering services
or products which directly compete with the services or products supplied by the Company at the Termination Date; or

 

(iv)        employ, solicit
or entice away or endeavor to solicit or entice away from the Company any person employed by the Company any time during the twelve
(12) months immediately prior the Termination Date with a view to inducing that person to leave such employment and to act for
another employer in the same or a similar capacity.

 

5.       No
Conflicting Obligation.

 

I represent that my
performance of all the terms of this Agreement and as an employee of the Company does not and will not breach any agreement to
keep in confidence information acquired by me in confidence or in trust prior to my employment by the Company. I have not entered
into, and I agree I will not enter into, any agreement either written or oral in, conflict herewith.

 

6.       Return
of Company Documents.

 

When I leave the employ of the Company,
I will deliver to the Company any and all drawings, notes, memoranda, specifications, devices, formulas, and documents, together
with all copies thereof, and any other material containing or disclosing any Company Inventions, Third Party Information or Proprietary
Information of the Company.

 

7.       Notification
of New Employer.

 

In the event that I leave the employ of
the Company, I hereby consent to the notification of my new employer of my rights and obligations under this Agreement.

 

 

 

 

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8.       General
Provisions.

 

8.1       Severability.
In case any one or more of the provisions contained in this Agreement shall, for any reason, be held to be invalid, illegal or
unenforceable in any respect, such invalidity, illegality or unenforceability shall not affect the other provisions of this Agreement,
and this Agreement shall be construed as if such invalid, illegal or unenforceable provision had never been contained herein. If
moreover, any one or more of the provisions contained in this Agreement shall for any reason be held to be excessively broad as
to duration, geographical scope, activity or subject, it shall be construed by limiting and reducing it, so as to be enforceable
to the extent compatible with the applicable law as it shall then appear.

 

8.2       Successors
and Assigns. This Agreement will be binding upon my heirs, executors, administrators and other legal representatives and will
be for the benefit of the Company, its successors, and its assigns.

 

8.3       Survival.
The provisions of this Agreement shall survive the termination of my employment and the assignment of this Agreement by the Company
to any successor in interest or other assignee; provided, however, that the provisions of Section 4 of this Agreement shall remain
in full force and effect only for the period of time detailed therein.

 

8.4       Waiver.
No waiver by the Company of any breach of this Agreement shall be a waiver of any preceding or succeeding breach. No waiver by
the Company of any right under this Agreement shall be construed as a waiver of any other right. The Company shall not be required
to give notice to enforce strict adherence to all terms of this Agreement.

 

8.5       Assignment.
This Agreement may be assigned by the Company. I may not assign or delegate my duties under this Agreement without the Company's
prior written approval.

 

8.6       Entire
Agreement. The obligations pursuant to Sections 1, 2 and 4 of this Agreement shall apply to any time during which I was previously
employed, or am in the future employed, by the Company as a consultant if no other agreement governs nondisclosure and assignment
of inventions during such period. This Agreement is the final, complete and exclusive agreement of the parties with respect to
the subject matter hereof and supersedes and merges all prior discussions or agreements between us with respect to the subject
matter hereof. No modification of or amendment to this Agreement, nor any waiver of any rights under this Agreement, will be effective
unless fil writing and signed by the party to be charged. Any subsequent change or changes in my duties, salary or compensation
will not affect the validity or scope of this Agreement.

 

8.7       Modifications.
No modification of or amendment to this Agreement, nor any waiver of any rights under this Agreement, will be effective
unless in writing and signed by the party to be charged. Any subsequent change or changes in my duties, salary or
compensation will not affect the validity or scope of this Agreement.

 

8.8       Injunction. I agree that it would be difficult to
measure damage to the Company from any breach of mine of the promises set forth in Sections 1, 2, 3 and 4 hereof, and that injury
to the Company from any such breach would be impossible to calculate, and that money damages would therefore be an inadequate remedy
for any such breach. Accordingly, I agree that if I breach any provision of Sections 1, 2, 3 and 4 hereof, the Company will be
entitled, in addition to a l other remedies it may have, to an injunction or other appropriate orders to restrain any such breach
by me without showing or proving any actual damage sustained by the Company.

 

8.9       Governing
Law. This Agreement shall be governed by, and construed in accordance with the laws of the State of Israel, without giving
effect to the rules respecting conflict-of-law.

 

 

 

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This Agreement
shall be effective as of the first day of my employment with the Company, namely: May 1st, 2019.

 

I HAVE READ THIS AGREEMENT CAREFULLY AND
UNDERSTAND ITS TERMS.

 

/s/ Gabriel Yariv                   

Date: May 1st, 2019

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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    	 	18Exhibit 10.11

 

 

CFO
SERVICES AGREEMENT

 

This
agreement (the "Agreement") is entered into as of this 1 day of November, 2016 (the "Effective
Date") between Cannabics Pharmaceuticals Inc. of #3 Bethesda Metro Center, Suite 700 Bethesda MD United
States 20814 (the "Company") and Mr. Uri Ben-Or and CFO Direct Ltd, jointly and severely, of 16 Hatidhar
St., P.O. Box 4131, Ra'anana 43652, Israel ( the "Contractor").

 

	Whereas	the Company is a public company whose securities are trading on the Over-the- counter Exchange (the "OTC"); and

 

	Whereas	the Company wishes to retain services from the Contractor and the Contractor wishes to render such services to the Company; and

 

	Whereas	the Contractor represents that he has the required knowledge, ability, talent and experience to provide services to the Company,
all as detailed and pursuant to the terms set forth herein.

 

Now, therefore, the parties have agreed as follows: 

 

1.             Services. The
Contractor will provide the Company with CFO services as customary to be provided by an office holder holding such position in
a publicly traded company, including financial services, as an independent contractor, which, without limitation, will include
the following services (the "Services"):

 

	 	1.1.	Acting as the Company CFO
	 	 	 
	 	1.2.	Preparing all financial and other periodic reports the Company is required to file under applicable law, including in cooperation
with the Company's external accountants as necessary;
	 	 	 
	 	1.3.	Filing all reports the Company is required to file with the public under applicable law;
	 	 	 
	 	1.4.	Preparing board of directors reports and other reports as may be required under applicable law from companies listed on the OTC
and execute such reports in its capacity as the Company's CFO, as required;
	 	 	 
	 	1.5.	Coordinate any future shelf offering report and all related required actions.
	 	 	 
	 	1.6.	Managing on-going bookkeeping & salaries;
	 	 	 
	 	1.7.	Managing the Company's activity with banks and cash flow;
	 	 	 
	 	1.8.	Participating in meetings of the board of directors of the Company and its committees;
	 	 	 
	 	1.9.	Preparing budget control and forecasts;

 

The Contractor shall report directly to the Company's CEO.

 

The scope of the Services shall
be determined by the Company CEO from time to time, according to the Company's needs.

 

 

 

    	 	1	 

     

    

 

Mr. Uri Ben-Or shall act as the
Company's CFO and be personally responsible for the provision of the Services under this Agreement. The Company may appoint Mr.
Uri Ben-Or as one of its authorized electronic signatories in order to file all filings required to be filed on Magna as part of
the Services and Mr. Ben-Or agrees to such appointment.

 

The Contractor shall immediately
notify the Company's CEO regarding any matter it has and/or may have a personal interest in which may affect the rendering of the
Services.

 

The Contractor shall perform
the Services diligently and promptly for the sole benefit of the Company. The Contractor shall competently perform all assigned
duties, carry out the policies, directives and decisions of the CEO of the Company; not withhold information from the Company and
refrain from any conduct which is illegal, dishonest, fraudulent or detrimental to the Company's business.

 

2.            Term.
This Agreement shall commence on the date hereof and shall remain in effect for one (1) year, unless extended in writing by
mutual agreement of the parties for additional periods (the "Term"). The parties may terminate this Agreement,
for any cause, with a sixty (60) days prior written notice (the "Notice Period").

 

During the Notice Period the
Contractor shall continue providing the Services and be entitled to the Monthly Fees. Nevertheless, the Company may, under its
sole discretion, waive retaining the Services during the Notice Period, in whole or in part, subject to paying the Contractor the
Monthly Fees it would have been entitled to, had it continued providing the Services until the end of the Notice Period.

 

Notwithstanding the above, the
Company may terminate this Agreement with immediate effect, without providing any notice or paying Monthly Fees upon the occurrence
of any of the following: (a) The Contractor has breached any of its confidentiality obligations towards the Company, (b) the prosecution
of the Contractor for any felony whatsoever, (c) a violation by the Contractor of its fiduciary duties towards the Company, and
(d) a material breach by the Contractor of this Agreement.

 

Upon any
the termination of this Agreement, Contractor shall immediately provide to Company all written, electronic and other records of
Company in its possession, in a form reasonably requested by Company. During any notice period, Contractor shall provide all necessary
consultations, hand-off and instructions services to any replacement of Contractor hired by Company.

 

	3.	Consideration.

 

a.             
In consideration for the Services rendered by Contractor, the Company shall pay the Contractor a monthly service fee in
the amount of NIS 15,000 (Fifteen Thousand New Israeli Shekels) plus VAT (the "Service Fee").

 

b.             
In addition, the Contractor shall be entitled to receive a one-time bonus of 1% (One Percent), from a private or public
offering he will be leading.

 

c.             
For the avoidance of doubt, it is clarified that the Contractor shall be solely responsible and shall make all compulsory
payments in connection with the Services provided hereunder. Said payments shall include, without limitation, income tax, National
Insurance, and any and all other payments to any governmental or other relevant authority in connection with the Services.

 

4.             Confidentiality
& Non-Competition. A confidentiality and non-competition agreement between the parties is attached as Annex A hereto
and forms an integral part of this Agreement.

 

5.            Intellectual
Property. The right and title to and in any and all intellectual property, inventions, scientific information, know-how, technologies
and innovations that the Company developed or discovered prior to the Effective Date and which it shall develop in the future,
including without limitation the Company's Know-how or any intellectual property which may be developed by the Contractor in the
scope of the Services, are and shall solely remain vested in the sole ownership of the Company and the Contractor shall not be
entitled to any such rights.

 

6.            No
Breach. The Contractor represents and warrants that he had obtained all the required approvals, to the extent such
are required, in order to be able to duly enter into this Agreement and perform its undertaking hereunder and that neither the
execution and delivery of this Agreement, nor the compliance by the Contractor with the terms and provisions hereof, will conflict
with, or result in a breach or violation of, any of the terms, conditions and provisions of any agreement, or commitment to which
the Contractor is a party or to which he is subject, or applicable law.

 

 

 

    	 	2	 

     

    

 

7.            Law
and Jurisdiction. This Agreement shall be governed by the laws of the State of Israel and the competent courts in Tel-Aviv
shall have exclusive jurisdiction in all matters pertaining or relating thereto.

 

8.            Independent
Contractor. The parties agree that Contractor shall act as an independent contractor in the performance of the Services
and that nothing contained herein shall create or be construed to create an employer-employee relationship between the parties
and Contractor shall not be entitled to any Company employment rights or benefits.

 

All taxes, fees and other liabilities,
as may apply from time to time in relation to the Services, including but not limited to income tax, health insurance payment,
social security payments, severance, and any other social benefit shall be solely and exclusively borne by Contractor, and it shall
be solely liable for all such taxes, fees and other liabilities. Contractor shall maintain all necessary insurance policies, taking
into consideration the nature of the Services. Contractor confirms that it is registered as an independent contractor with the
Income Tax, VAT and National Insurance authorities and that Contractor complies with all laws and regulatory requirements for which
it is liable in its capacity as an independent contractor. Contractor shall be responsible for all costs and expenses incident
to performing the Services, including all payments, per diem, food, travel and other expenses. It is hereby agreed that the Contractor
shall be responsible for filing any reports or making any payments required to be made to any government authority, including all
taxes and/or national insurance payable with respect to the Services and any other obligatory payment, now or hereafter imposed
with respect to the Services provided hereunder and with respect to any consideration paid hereunder (with the exception of income
taxes or other taxes imposed on the Company) and such reporting or payments shall be the sole responsibility of Contractor and,
if paid or required to be paid by the Company, the amount paid shall be deducted from the amounts payable to the Contractor hereunder.
Upon the first request of the Company, Contractor shall make available to the Company any documents evidencing the reports filed
and/or payment of all taxes and/or other payments required to be made in connection with the Services.

 

Contractor acknowledges that the compensation
paid to the Contractor as set forth in this Agreement is higher than the compensation that would have been paid to Contractor if
Contractor were employed as an employee of the Company, and that the compensation paid to Contractor includes all benefits and
social terms to which the Contractor is entitled to as an independent contractor

 

Without derogating from the above, in
the event that, notwithstanding the parties' representations and undertakings hereunder, the Contractor, or anyone on its
behalf, shall claim, or a court of competent jurisdiction shall determine, the existence of employer-employee relationship
between the Contractor and the Company, then the following provisions shall apply: (i) the Contractor's monthly salary for
such claimed or determined period of employer-employee relationship shall be equal to 60% (sixty percent) of the sum of the
Monthly Fees and expenses reimbursement due to the Contractor as consideration for the Services hereunder (for the purposes
of this Section 8, the "Monthly Salary"); (ii) the Monthly Salary shall be deemed to constitute all of the
Company's liabilities and obligations towards the Contractor, of any source or origin, with respect to and in connection with
said employer-employee relationship, except for such rights with respect to which global compensation may not be determined
pursuant to applicable law, (iii) Contractor will immediately pay the Company all amounts paid to it beyond the sums
calculated as stated in paragraph (i) above, and (iv) Contractor shall be liable to fully indemnify the Company for any
damages, liabilities, or other costs and expenses incurred in connection with any such determination.

 

The Company shall be entitled to set-off
any amount due to it pursuant to this Section 8 from any amount due to Contractor pursuant to this Agreement.

 

9.            Non-Assignment.
This Agreement is for the services of the Contractor and none of the services to be provided by Contractor hereunder may be
delegated, assigned or subcontracted to others without the prior written consent of the Company. The Contractor shall not be entitled
to bind the Company for any purposes unless specifically authorized by the Company in writing.

 

10.          Entire
Agreement/Modification. This Agreement constitutes the entire agreement between the parties and supersedes all previous agreements
and understandings, hereto, whether oral or written, express or implied, with respect to the subject matter contained in this
Agreement. Except as otherwise set forth above, this Agreement may not be altered, amended, or modified except by a written instrument
signed by the duly authorized representatives of both parties.

 

11.          Amendment;
Waiver. No provision of this Agreement may be modified, waived or discharged unless such waiver, modification or discharge
is agreed to in writing and signed by the Contractor and the Company. No waiver by either party hereto at any time to act with
respect to any breach or default by the other party of, or compliance with, any condition or provision of this Agreement to be
performed by such other party shall be deemed a waiver of similar or dissimilar provisions or conditions at the same or at any
prior or subsequent time.

 

 

 

    	 	3	 

     

    

 

12.          Notices. All notices required to be delivered under this Agreement shall be effective only if in writing and shall be
deemed given upon personal delivery or five (5) days after the date of mailing if mailed by registered mail to the addresses set
forth above.

 

13.          PI. The contractor should present proof of insurance policy for professional responsibility.

 

14.          It is agreed between the parties that the Contractor's liability towards the Company shall be that of an office holder
under the Companies Law-1999 and any other applicable law. Accordingly, the Company shall insure Mr. Uri Ben-Or in the insurance
policy that covers its directors and office holders.

 

15.          The
company undertakes that during the period of the engagement and during the subsequent 12 months, it shall not engage, in any manner
whatsoever, either directly or indirectly, for any purpose whatsoever, any of the employees of the contractor, without obtaining
the advance consent in writing of the contractor.

 

16.          The Contractor hereby declares that as of the date hereof it
does not hold any securities of the Company, and undertakes to notify the Company immediately upon the execution of any transaction
whose underlying asset is any of the Company's securities.

 

 

 

 

 

 

 

 

 

 

 

 

    	 	4	 

     

    

 

IN WITNESS WHEREOF, the parties hereto have executed this
Agreement as of the Effective Date.

 

 

 

	Cannabics Pharmaceuticals Inc.	CFO Direct Ltd.
	 	 
	/s/ Itamar Borochov	 
	 	/s/ Ori Ben-or
	By: Itamar Borochov	By: Uri Ben-Or
	CEO	CEO

 

 

 

 

 

 

 

    	 	5	 

     

    

 

ANNEX A TO SERVICES AGREEMENT
CONFIDENTIALITY AND NON-COMPETITION AGREEMENT

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

    	 	6

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