Document:

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                                                                 Exhibit 10.21

                              EMPLOYMENT AGREEMENT

         This Agreement, dated November 19, 1999, by and between LAKARO
BIOPHARMACEUTICALS, INC. ("Lakaro"), a Delaware corporation having an address at
216 Jaffa Rd., Sha'arei Ha'ir, Jerusalem, Israel 94383 and IRA WEINSTEIN, an
individual residing at 5/3 Mishol Uzrad, Jerusalem, Israel (the "Treasurer")

WITNESSETH:

         WHEREAS, the Corporation desires to employ the Treasurer as Treasurer
of Lakaro and the Treasurer desires to be employed by the Lakaro as Treasurer of
Lakaro, all pursuant to the terms and conditions hereinafter set forth;

         NOW THEREFORE, in consideration of the foregoing and the mutual
promises and covenants herein contained, it is agreed as follows:

1.       EMPLOYMENT DUTIES

         (a) Lakaro hereby engages and employs the Treasurer, and the Treasurer
accepts engagement and employment, as Treasurer of Lakaro, to direct, supervise
and have responsibilities for the financial affairs of Lakaro and for any other
appropriate areas and tasks which the Board of Directors and/or the Chief
Executive Officer may assign to him. The Treasurer acknowledges and agrees that
the performance by the Treasurer of his duties hereunder may require significant
domestic and international travel by the Treasurer. In addition, the Treasurer
realizes that he may be required to spend a substantial amount of time in
Jerusalem, Israel.

         (b) The Treasurer shall devote substantially all of his gainful time to
the discharge of his duties and responsibilities under this Agreement.

2.       TERM

         The Treasurer's employment hereunder shall be for a term of three (3)
years commencing on the Effective Date and continuing through the third
anniversary of the Effective Date (the "Initial Term"), with successive one-year
renewals thereafter (the "Renewal Terms") unless sooner terminated as
hereinafter provided, or by notice of either party not less than 90 days prior
to the expiration of each term.

3.       COMPENSATION

         (a) As compensation for the performance of his duties on behalf of
Lakaro, the Treasurer shall be compensated as follows:

                  (i) Upon the next meeting of the Corporation's Board of
Directors, the Corporation will grant (the "Initial Grant") the Treasurer
options (the "Options") to purchase 150,000 shares of the common stock of the
Corporation at an exercise price equal to $0.15 per share (the "Exercise
Price"), which options shall be exercisable for a period of 10 years from the
date of issuance. Should any change be made to the Common Stock by reason of any
stock split, stock dividend, recapitalization, combination of shares, exchange
of shares or other change affecting the outstanding Common Stock as a class
without the Corporation's receipt of consideration, appropriate adjustments
shall be made to (i) the total number and/or class of securities subject to such
options and (ii) the Exercise Price in order to reflect such change and thereby
preclude a dilution or enlargement under such options.

                  (ii) The stock options shall vest as follows: one-third on the
closing of the next equity investment in Lakaro; one-sixth six months from the
date of grant; one-sixth twelve months from the date of grant; one-sixth
eighteen months from the date of grant; and one-sixth twenty four months

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from the date of grant; but immediate vesting shall occur upon a change of
control of the Corporation as described in paragraph 10(a)(iii)C below.

                  (iii) At the discretion of the Board of Directors, the
Treasurer shall be entitled to an annual grant of subsequent stock options each
of which shall have the same antidilution protection as described in Section 3
paragraph (a)(i) above.

         (b) Lakaro shall reimburse the Treasurer for all normal, usual and
necessary expenses incurred by the Treasurer in furtherance of the business and
affairs of Lakaro, including travel and entertainment, against receipt by Lakaro
of appropriate vouchers or other proof of the Treasurer's expenditures and
otherwise in accordance with such Expense Reimbursement Policy as may from time
to time be adopted by the Board of Directors of Lakaro.

         (c) The Treasurer shall be, during the term of this Agreement, entitled
to four (4) weeks of vacation per year as well as all statutory holidays.

         (d) Lakaro shall adopt as part of the Corporation's Bylaws a broad form
indemnity of all actions taken in good faith by the officers and directors of
the Corporation.

         (e) Subject to Section 10(c) below, the Treasurer must be an employee
of Lakaro at the time any compensation is due in order to receive such
compensation. In addition, no options shall vest after the termination of this
Agreement.

4.       REPRESENTATIONS AND WARRANTIES
         BY THE TREASURER AND LAKARO

         (a) The Treasurer hereby represents and warrants to Lakaro as follows:

                  (i) Neither the execution and delivery of this Agreement nor
the performance by the Treasurer of his duties and other obligations hereunder
violate any statute, law, determination or award, or conflict with or constitute
a default under (whether immediately, upon the giving of notice or lapse of time
or both) any prior employment agreement, contract, or other instrument to which
the Treasurer is a party or by which he is bound.

                  (ii) The Treasurer has the full right, power and legal
capacity to enter and deliver this Agreement and to perform his duties and other
obligations hereunder. This Agreement constitutes the legal, valid and binding
obligation of the Treasurer enforceable against him in accordance with its
terms. No approvals or consents of any persons or entities are required for the
Treasurer to execute and deliver this Agreement or perform his duties and other
obligations hereunder.

         (b) Lakaro hereby represents and warrants to the Treasurer as follows:

                  (i) Lakaro is duly organized, validly existing and in good
standing under the laws of the State of Delaware, with all requisite corporate
power and authority to own its properties and conduct its business in the manner
presently described.

                  (ii) Lakaro has the full power and authority to enter into
this Agreement and to incur and perform its obligations hereunder.

                  (iii) The execution, delivery and performance by Lakaro of
this Agreement does not conflict with or result in a breach or violation of or
constitute a default under (whether immediately, or upon the giving of notice or
lapse of time or both) the certificate of incorporation or by-laws of Lakaro, or
any agreement or instrument to which Lakaro is a party or by which Lakaro or any
of its properties may be bound or affected.

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5.       CONFIDENTIAL INFORMATION

         (a) The Treasurer agrees that during the course of his employment and
at any time thereafter, he will not disclose or make accessible to any other
person, Lakaro's products, services and technology, both current and under
development, promotion and marketing programs, lists, trade secrets and other
confidential and proprietary business information of Lakaro or any of its
clients. The Treasurer agrees: (i) not to use any such information for himself
or others; and (ii) not to take any such material or reproductions thereof from
Lakaro's facilities at any time during his employment by Lakaro, except as
required in the Treasurer's duties to Lakaro. The Treasurer agrees immediately
to return all such material and reproductions in his possession to Lakaro upon
request and in any event upon termination of employment. Nothing in the
foregoing shall be construed to prevent the Treasurer from disclosing or using
any information which the Treasurer can show by written documentation was in the
public domain or enters into the public domain through no improper act on the
Treasurer's part or on the part of any of Lakaro's employees or was in his
possession prior to his joining Lakaro or disclosed properly to the Treasurer
after leaving Lakaro.

         (b) Except with prior written authorization by Lakaro, the Treasurer
agrees not to disclose or publish any of the confidential, technical or business
information or material of Lakaro, its clients or any other party to whom Lakaro
owes an obligation of confidence, at any time during or for a period of two
years after his employment with Lakaro except in the event of involuntary no
cause termination by Lakaro or a termination by the Treasurer for cause.

6.       NON-COMPETITION

         (a) The Treasurer understands and recognizes that his services to
Lakaro are special and unique and agrees that, during the term of this
Agreement, and for a period of 12 months from the date of termination of his
employment hereunder, he shall not in any manner, directly or indirectly, on
behalf of himself or any person, firm, partnership, joint venture, corporation
or other business entity ("Person"), enter into or engage in any business
directly competitive with Lakaro's business, either as an individual for his own
account, or as a partner, joint venturer, Treasurer, agent, consultant,
salesperson, officer, director or shareholder of a Person operating or intending
to operate within the area that Lakaro is, at the date of termination,
conducting its business (the "Restricted Businesses"); provided, however, that
nothing herein will preclude the Treasurer from holding one percent (1%) or less
of the stock of any publicly traded company or from holding a position with a
Person who does not engage in a business directly competitive with the
Restrictive Businesses so long as the Treasurer works in a division of such
Person which carries on a bona fide business which is not directly competitive
with the Restricted Businesses.

         (b) For a period of 12 months after the termination of this Agreement,
the Treasurer shall not interfere with or disrupt or attempt to disrupt Lakaro's
business relationship with any of its customers, or solicit any of the employees
of Lakaro.

         (c) In the event that the Treasurer breaches any provisions of this
Section 6 or there is a threatened breach, then, in addition to any other rights
which Lakaro may have, Lakaro shall be entitled, without the posting of a bond
or other security, to injunctive relief to enforce the restrictions contained
herein. In the event that an actual proceeding is brought in equity to enforce
the provisions of this Section 6, the Treasurer shall not argue as a defense
that there is an adequate remedy at law nor shall Lakaro be prevented from
seeking any other remedies which may be available.

7.       OWNERSHIP OF PROPRIETARY INFORMATION

                  (a) The Treasurer agrees that all information that has been
created, discovered or developed by Lakaro, its subsidiaries, affiliates,
successors or assigns (collectively, the "Affiliates") (including, without
limitation, information relating to the development of Lakaro's business
created, discovered, developed or made know to Lakaro or the Affiliates by
Treasurer during the Term and information relating to Lakaro's customers,
suppliers, consultants, and licensees) and/or in which property rights have been
assigned or otherwise conveyed to Lakaro or the Affiliates, shall be the sole
property of Lakaro or the Affiliates, as applicable, and Lakaro or the
Affiliates, as the case may be, shall be the sole owner of all patents,
copyrights and other rights in connection therewith, including but

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not limited to the right to make application for statutory protection. All of
the aforementioned information is hereinafter called "Proprietary Information."
By way of illustration, but not limitation, Proprietary Information includes
trade secrets, processes, discoveries, structures, inventions, designs, ideas,
works of authorship, copyrightable works, trademarks, copyrights, formulas,
data, know-how, show-how, improvements, inventions, product concepts,
techniques, information or statistics contained in, or relating to, marketing
plans, strategies, forecasts, blueprints, sketches, records, notes, devices,
drawings, customer lists, patent applications, continuation applications,
continuation-in-part applications, file wrapper continuation applications and
divisional applications and information about Lakaro's or the Affiliates'
employees and/or consultants (including, without limitation, the compensation,
job responsibility and job performance of such employees and/or consultants).

                  (b) The Treasurer further agrees that at all times, both
during the Term and after the termination of this Agreement, he will keep in
confidence and trust all Proprietary Information, and he will not use or
disclose any Proprietary Information or anything directly relating to it without
the written consent of Lakaro or the Affiliates, as appropriate, except as may
be necessary in the ordinary course of performing his duties hereunder and
except for academic, non-commercial research purposes with the prior written
approval of the Board of Directors. The Treasurer acknowledges that the
Proprietary Information constitutes a unique and valuable asset of Lakaro and
each Affiliate acquired at great time and expense, which is secret and
confidential and which will be communicated to Treasurer, if at all, in
confidence in the course of his performance of his duties hereunder, and that
any disclosure or other use of the Proprietary Information other than for the
sole benefit of Lakaro or the Affiliates would be wrongful and could cause
irreparable harm to Lakaro or the Affiliates, as the case may be.

                  Notwithstanding the foregoing, the parties agree that, at all
such times, Treasurer is free to use (i) information in the public domain not as
a result of a breach of this Agreement, (ii) information lawfully received from
a third party and (iii) Treasurer's own skill, knowledge, know-how and
experience to whatever extent and in whatever way he wishes, in each case
consistent with his obligations as Treasurer and that, at all times, Treasurer
is free to conduct any non-commercial research not relating to Lakaro's
business.

8.       DISCLOSURE AND OWNERSHIP OF INVENTIONS

         (a) During the Term, the Treasurer agrees that he will promptly
disclose to Lakaro, or any persons designated by Lakaro, all improvements,
inventions, designs, ideas, works of authorship, copyrightable works,
discoveries, trademarks, copyrights, trade secrets, formulas, processes,
structures, product concepts, marketing plans, strategies, customer lists,
information about Lakaro's or the Affiliates' employees and/or consultants
(including, without limitation, job performance of such employees and/or
consultants), techniques, blueprints, sketches, records, notes, devices,
drawings, know-how, data, whether or not patentable, patent applications,
continuation applications, continuation-in-part applications, file wrapper
continuation applications and divisional applications, made or conceived or
reduced to practice or learned by him, either alone or jointly with others,
during the Term (all said improvements, inventions, designs, ideas, works of
authorship, copyrightable works, discoveries, trademarks, copyrights, trade
secrets, formulas, processes, structures, product concepts, marketing plans,
strategies, customer lists, information about Lakaro's or the Affiliates'
employees and/or consultants, techniques, blueprints, sketches, records, notes,
devices, drawings, know-how, data, patent applications, continuation
applications, continuation-in-part applications, file wrapper continuation
applications and divisional applications shall be collectively hereinafter
called "Inventions").

         (b) The Treasurer agrees that all Inventions shall be the sole property
of Lakaro to the maximum extent permitted by applicable law and to the extent
permitted by law shall be "works made for hire" as that term is defined in the
United States Copyright Act (17 USCA, Section 101). Lakaro shall be the sole
owner of all patents, copyrights, trade secret rights, and other intellectual
property or other rights in connection therewith. Treasurer hereby assigns to
Lakaro all right, title and interest he may have or acquire in all Inventions.
Treasurer further agrees to assist Lakaro in every proper way (but at Lakaro's
expense) to obtain and from time to time enforce patents, copyrights or other
rights on said Inventions in any and all countries, and to that end the
Treasurer will execute all documents necessary:

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                  (i) to apply for, obtain and vest in the name of Lakaro alone
(unless Lakaro otherwise directs) letters patent, copyrights or other analogous
protection in any country throughout the world and when so obtained or vested to
renew and restore the same; and

                  (ii) to defend any opposition proceedings in respect of such
applications and any opposition proceedings or petitions or applications for
revocation of such letters patent, copyright or other analogous protection.

         (c) The Treasurer's obligation to assist Lakaro in obtaining and
enforcing patents and copyrights for the Inventions in any and all countries
shall continue beyond the Term, but Lakaro agrees to compensate the Treasurer at
his normal and usual rate after the expiration of the Term for time actually
spent by the Treasurer at Lakaro's request on such assistance.

9.       NON-SOLICITATION

         During the Term, and for 12 months thereafter, Treasurer shall not,
directly or indirectly, without the prior written consent of Lakaro:

         (a) solicit or induce any employee of Lakaro or any Affiliate to leave
the employ of Lakaro or any Affiliate or hire for any purpose any employee of
Lakaro or any Affiliate or any employee who has left the employment of Lakaro or
any Affiliate within six months of the termination of said employee's employment
with Lakaro; or

         (b) solicit or accept employment or be retained by any party who, at
any time during the Term, was a customer or supplier of Lakaro or any Affiliate
where his position will be related to the business of Lakaro; or

         (c) solicit or accept the business of any customer or supplier of
Lakaro or any Affiliate with respect to products similar to those supplied by
Lakaro.

10.      TERMINATION

         (a) This Treasurer's employment hereunder shall begin on the Effective
Date and shall continue for the period set forth in Section 2 hereof unless
sooner terminated upon the first to occur of the following events:

                  (i)      (A) The death of the Treasurer; or

                           (B) the total disability of the Treasurer.

                  (ii) Termination by the Board of Directors of Lakaro for just
cause. Any of the following actions by the Treasurer shall constitute just
cause:

                           (A) Material breach by the Treasurer of Sections 5,
                           6, 7, 8, or 9 of this Agreement; or

                           (B) Material breach by the Treasurer of any provision
                           of this Agreement other than Sections 5, 6, 7, 8 or 9
                           which is not cured by the Treasurer within 30 days of
                           notice from Lakaro; or in the event the breach is not
                           curable within 30 days; the commencement of action(s)
                           to cure within said 30 days and the diligent pursuit
                           of the cure thereafter, provided such breach may be
                           completely cured; or

                           (C) Any action by the Treasurer constituting gross
                           negligence, recklessness or willful misconduct in
                           respect of the Treasurer's obligation to Lakaro which
                           has or is likely to result in material, economic
                           damage to Lakaro.

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                  (iii) Termination by the Treasurer for just cause. Any of the
following actions or omissions by Lakaro shall constitute just cause.

                           (A) Material breach by Lakaro of any provision of
                           this Agreement which is not cured by Lakaro within 30
                           days of notice thereof from the Treasurer; or

                           (B) A failure to elect or reelect the Treasurer to
                           the office of Treasurer of Lakaro or other change by
                           Lakaro of the Treasurer's function, duties or
                           responsibilities such that the Treasurer is no longer
                           the highest ranking Officer of Lakaro; or

                           (C) A "change in control," which shall mean a merger
                           or consolidation in which either more than 50% of the
                           voting power of Lakaro is transferred or Lakaro is
                           not the surviving entity, or sale or other
                           disposition of all or substantially all the assets of
                           Lakaro; or

                           (D) Termination of the Treasurer's employment other
                           than for serious, willful misconduct in respect of
                           the Treasurer's obligations to the Corporation,
                           including, but not limited to, final conviction for a
                           felony or perpetration of a common-law fraud which
                           has or is likely to result in material economic
                           damage to the Corporation; or

                           (E) Relocation to a geographic area without the
                           Treasurer's prior consent.

                  (iv) Termination by Lakaro without cause. Notwithstanding
anything in this Agreement, Lakaro may terminate the Treasurer's employment
without cause upon 90 days prior notice.

         (b) Upon termination by Lakaro for any reason other than the reasons
set forth in subparagraph (i) or (ii) of paragraph (a) above, or upon
termination by the Treasurer for any reason set forth in subparagraph (iii) of
paragraph (a) above, then the Options shall immediately vest and become
exercisable at the option of the Treasurer.

11.      NOTICES

         Any notice or other communication under this Agreement shall be in
writing and shall be deemed to have been given: when delivered personally
against receipt thereof; one (1) business day after being sent by Federal
Express or similar overnight delivery; or three (3) business days after being
mailed registered or certified mail, postage prepaid, return receipt requested,
to either party at the address set forth above, or to such other address as such
party shall give by notice hereunder to the other party.

12.      SEVERABILITY OF PROVISIONS

         If any provision of this Agreement shall be declared by a court of
competent jurisdiction to be invalid, illegal or incapable of being enforced in
whole or in part, the remaining conditions and provisions or portions thereof
shall nevertheless remain in full force and effect and enforceable to the extent
they are valid, legal and enforceable, and no provision shall be deemed
dependent upon any other covenant or provision unless so expressed herein.

13.      ENTIRE AGREEMENT MODIFICATION

         This Agreement contains the entire agreement of the parties relating to
the subject matter hereof, and the parties hereto have made no agreements,
representations or warranties relating to the subject matter of this Agreement
which are not set forth herein. No modification of this Agreement shall be valid
unless made in writing and signed by the parties hereto.

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14.      BINDING EFFECT

         The rights, benefits, duties and obligations under this Agreement shall
inure to, and be binding upon, Lakaro, its successors and assigns, and upon the
Treasurer and his legal representatives. This Agreement constitutes a personal
service agreement, and the performance of the Treasurer's obligations hereunder
may not be transferred or assigned by the Treasurer.

15.      NON-WAIVER

         The failure of either party to insist upon the strict performance of
any of the terms, conditions and provisions of this Agreement shall not be
construed as a waiver or relinquishment of future compliance therewith, and said
terms, conditions and provisions shall remain in full force and effect. No
waiver of any term or condition of this Agreement on the part of either party
shall be effective for any purpose whatsoever unless such waiver is in writing
and signed by such party.

16.      GOVERNING LAW

         This Agreement shall be governed by, and construed and interpreted in
accordance with, the laws of the State of New York without regard to principles
of conflicts of law. Any litigation commenced pursuant to the terms of the
Agreement shall only be prosecuted and defended in the city, county and state of
New York. Additionally, the prevailing party in any litigation shall be entitled
to an additional award of the recoupment of its attorney fees, cost and
expenses.

17.      REMEDIES FOR BREACH

         The Treasurer understands and agrees that any breach of Sections 5, 6,
7, 8 or 9 of this Agreement by the Executive could cause irreparable damage to
Lakaro and to the Affiliates, and that monetary damages alone would not be
adequate and, in the event of such breach, Lakaro shall have, in addition to any
and all remedies of law, the right to an injunction, specific performance or
other equitable relief to prevent or redress the violation of Lakaro's rights
under such Sections.

18.      HEADINGS

         The headings of paragraphs are inserted for convenience and shall not
affect any interpretation of this Agreement.

         IN WITNESS WHEREOF, the parties hereto have executed this Agreement as
of the day and year first above written.

                                            EMPLOYEE:

                                            By:    /s/ Ira Weinstein
                                                   ---------------------------
                                            Name:  Ira Weinstein

                                            LAKARO BIOPHARMACEUTICALS, INC.

                                            By:     /s/ Morris Laster
                                                    --------------------------
                                            Name:   Morris Laster
                                            Title:  Chief Executive Officer<PAGE>

                                                                 Exhibit 10.22

                              EMPLOYMENT AGREEMENT

This employment agreement (the "Agreement") is effective as of July 15, 1999
(the "Effective Date"), by and between PARTEC LTD., an Israeli company with
its principal place of business at Sha'arei Ha'ir, 216 Jaffa Road, Jerusalem
(the "Company") and IRA WEINSTEIN, I.D. No. 015476542, of Mishol Uzrad 5/3,
Jerusalem (the "Employee").

WHEREAS the Employee has been employed by the Company as Chief Operating Officer
since 1 January 1997;

WHEREAS the Company desires to continue to employ the Employee in the position
of Chief Operating Officer (the "Position");

WHEREAS the Employee desires have his employment continued by the Company and
fulfill the responsibilities of the Position; and

WHEREAS the parties desire to set forth the conditions of employment pursuant to
which the Employee will be continued to be employed by the Company;

IT IS HEREBY AGREED BY AND BETWEEN THE PARTIES AS FOLLOWS:

1. PREAMBLE

The preamble to this Agreement and any attachments thereto are an integral part
of this Agreement.

2. JOB DESCRIPTION

The Employee shall be responsible for the financial and administrative
management of the Company. He shall report directly to the Chief Executive
Officer. The description of responsibilities set forth herein shall serve as a
general statement of the duties, responsibilities and authority of the Employee.
Additional duties, responsibilities and authority may be assigned to the
Employee by the Chief Executive Officer from time to time in his discretion.

3. WORKING HOURS

The Employee shall be employed by the Company on a full-time basis, namely for
not less than forty-four (44) hours per week (inclusive of meal time). The
Employee agrees that his position is considered to be a management position as
defined in the Hours of Work and Rest Law - 1951, which requires a special
measure of personal trust. Accordingly, the provisions of the Hours of Work and
Rest Law - 1951 shall not apply and the Employee shall not be entitled to
receive any additional payment for his work other than those that are set forth
in this Agreement.

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4. TERM OF AGREEMENT

This Agreement shall take effect from the Effective Date and shall remain in
effect through the third anniversary of such date, unless it is earlier
terminated as hereinafter provided.

5.       ANNUAL SALARY

     5.1. The Employee's annual salary shall be as follows:

         5.1.1.   The Employee shall receive an annual gross salary of
                  eighty-five thousand dollars ($85,000), payable in New
                  Israeli Shekels according the representative rate of
                  exchange in effect each month at the time Company salaries
                  are calculated. The Employees salary shall be paid in twelve
                  equal installments, monthly in arrears.

         5.1.2.   On each anniversary date of this Agreement, the Employee's
                  annual gross salary shall be increased by an amount to be
                  determined by the Board of Directors and the Chief Executive
                  Officer.

         5.1.3    The salary set forth in paragraph 5.1.1, above, shall be
                  referred to as the "Global Salary". The linkage of the Global
                  Salary to the United States dollar is in lieu of any
                  generally-applicable increases, whether the statutory cost of
                  living increase ("Tosefet Yoker") or any other industry-wide
                  increase applicable as the result of collective bargaining
                  agreements or other order of the Ministry of Labor and Welfare
                  (such as Tzavei Harhava). By signing this Agreement and
                  accepting employment pursuant to its terms, the Employee
                  represents that s/he will not claim any such increase.

         5.1.4.   The Employee shall not be entitled to receive from the Company
                  any salary or payment of any kind other than the Global Salary
                  and other payments specifically set forth in this Agreement or
                  properly authorized by the Board of Directors and, should the
                  Employee be a director of the Company at the time such other
                  payments not specifically included in this Agreement are made,
                  by the shareholders of the Company.

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     5.2. Other Terms of Employment

         5.2.1.   BONUSES: The Employee shall be eligible to receive one or more
                  bonuses during any calendar year in the discretion of the
                  Chief Executive Officer, acting in consultation with the Board
                  of Directors.

         5.2.2.   EXPENSES: The Employee shall be entitled, in accordance with
                  the Company's standard policy in effect from time to time, to
                  be reimbursed for expenses (Hotza'ot Eshel) incurred in Israel
                  and abroad in connection with Company business against receipt
                  by the Company of appropriate vouchers, receipts or other
                  proof of the Employee's expenditures.

         5.2.3.   CONTINUING EDUCATION FUND: The Employee shall be entitled to
                  participate in the Company's continuing education fund (Keren
                  Hishtalmut). The Company shall contribute an amount equal to
                  five percent (5%) of the Employee's Global Salary and shall
                  deduct two and a half percent (2.5%) of the Employee's Global
                  Salary and transfer it as the Employee's contribution. The
                  Employee consents to the deduction of this amount as his
                  contribution to the continuing education fund. These
                  contributions will be calculated up to the permissible
                  tax-exempt salary ceiling according to the income tax
                  regulations in effect from time to time. If the amount of the
                  Company's contribution is greater than permitted by those
                  regulations, the Employee shall not have the right to receive
                  the excess amount.

         5.2.4.   RESERVE DUTY: The Employee shall be entitled to receive his
                  full Global Salary and other payments while performing reserve
                  duty, provided that any amount received by the Employee from
                  the I.D.F. or any other source (excluding Damei Calcala) is
                  transferred to the Company or, in the alternative, an amount
                  equal to that received from the I.D.F. or any other source is
                  deducted from the Global Salary payable to the Employee.

         5.2.5.   ANNUAL LEAVE AND RECREATION PAY (DAMEI HAVRA'A): The Employee
                  shall be entitled to twenty (20) working days of paid annual
                  leave each year. The Employee shall not be allowed to accrue
                  more than thirty (30) working days of annual leave except in
                  unusual circumstances and with the permission of the Company.
                  Should the Employee's annual leave balance exceed thirty (30)
                  days at the end of any calendar year, the excess number of
                  days shall be paid out in accordance with the provisions of
                  the Annual Leave Law - 1951. The Company shall also pay the
                  Employee for five (5) days of recreation (damei havra'a) each
                  year in accordance with the law and the normal practice of the
                  Company in effect from time to time.

         5.2.6.   SICKNESS AND DISABILITY INSURANCE: The Employee shall be
                  entitled to the number of days for sick leave permitted by
                  law. Compensation for sick days utilized shall be paid
                  according to his Global Salary only upon the presentation of
                  medical documentation as required by the

<PAGE>

                  Company. The Employee shall be covered by disability insurance
                  that provides monthly compensation. The cost of such insurance
                  shall be borne by the Company. Notwithstanding the foregoing,
                  the Employee shall not be entitled to receive compensation for
                  sick leave if such compensation is covered by the Employee's
                  disability insurance referred to above. However, should the
                  amounts received by the Employee pursuant to such disability
                  insurance be less than the amount that is properly payable as
                  compensation for the Employee's available sick leave,
                  according to the Global Salary, the Company shall pay the
                  difference. It is understood and agreed that unused sick leave
                  cannot be redeemed by the Employee. For the avoidance of
                  doubt, it is understood and agreed that the payments made by
                  the Company in consideration of sick leave covers all
                  obligations of the Company pursuant to the Sick Leave Law -
                  1976.

     5.3. PENSION BENEFITS AND SEVERANCE PAYMENTS

         5.3.1.   The Company will pay into a Provident Fund (Kupat Gemel) (in
                  the meaning of paragraph 47 of the Income Tax Ordinance) in
                  the form of Manager's Insurance or another form according to
                  the Employee's choice and the Company's agreement, an amount
                  equal to thirteen and one third percent (13 1/3 %) from the
                  monthly Global Salary paid to the Employee, and the Employee
                  will pay, on his own account, an amount equal to five percent
                  (5%) from that Global Salary. The Employee agrees that the
                  Company shall be entitled to deduct the Employee's
                  contribution (5%) from the Employee's salary. For the
                  avoidance of doubt, it is clarified that under no circumstance
                  shall the Company's contribution exceed thirteen and one third
                  percent (13 1/3 %) of the Global Salary in any one month.

         5.3.2.   Five percent (5%) of the thirteen and one third percent (13
                  1/3 %) that the Company contributes as set forth above and the
                  five percent (5%) the Employee contributes, together with
                  linkage and interest on the contributions, will be treated as
                  pension benefits for the Employee or his survivors. The
                  remaining eight and one third percent (8 1/3 %) of the
                  Company's contribution, together with linkage and interest on
                  that portion, will be utilized to pay severance benefits to
                  the Employee or his descendants in the event of the
                  termination of his employment with the Company, except in
                  those circumstances discussed below.

         5.3.3.   In the event that the Employee chooses Manager's Insurance,
                  the policy shall belong to the Company as long as it employs
                  the Employee and it makes the required payments on the policy.
                  The payments made into the Kupat Gemel pursuant to paragraph
                  5.3.1, above, shall fulfill the Company's obligation for
                  severance payment pursuant to the Severance Compensation Law -
                  1963. Upon the termination of the Employee's employment, for
                  whatever reason, and upon his final departure from the
                  Company, the Employee or his descendants shall be entitled to
                  receive the ownership of all rights which have accrued on his
                  behalf in the Kupat Gemel or the ownership of the Manager's

<PAGE>

                  Insurance policy, as appropriate and subject to the provisions
                  of section 6, below.

         5.3.4.   In the event that there is a difference in the Employee's
                  favor between the amount to which he is entitled to receive
                  pursuant to the Severance Compensation Law - 1963 and the
                  severance payment amount (including linkage and interest) that
                  is in the Kupat Gemel or Manager's Insurance policy, the
                  Company shall pay that difference. The Company shall be
                  obligated to pay such difference whether the termination of
                  the Employee's employment is at the Employee's initiative or
                  the Company's, except in the case of termination pursuant to
                  paragraphs 6.3 and 6.4, below. For the avoidance of doubt, it
                  is understood that in the event that the severance payment
                  amount (including linkage and interest) that is in the
                  Employee's Kupat Gemel or Manager's Insurance policy exceeds
                  the amount to which he is entitled to receive as severance
                  compensation pursuant to the Severance Compensation Law -
                  1963, the difference shall not be transferred to the Employee,
                  including to his pension account, but shall be the property of
                  the Company.

6. TERMINATION OF EMPLOYMENT

     6.1. Either party may terminate the Employee's employment with the Company
          without cause at any time upon three (3) month's notice. The Company
          shall have the right, in its sole discretion, to require the Employee
          to continue working for the Company during the notice period. If the
          Employer terminates the Employee without cause pursuant to this
          section, the Board of Directors shall take the necessary steps so that
          (a) any outstanding, but unvested, options granted to the Employee
          shall vest upon the effective date of his termination; and (b) the
          period during which the Employee shall be permitted to exercise such
          options shall be extended to two (2) years from the effective date of
          his termination as defined in the Share Option Plan governing the
          options in question.

     6.2. The Employee's employment shall be terminated by his death or
          disability. (For purposes of this section, "disability" shall be
          deemed to have occurred if the Employee is unable, due to any physical
          or mental disease or condition, to perform his normal duties of
          employment for 120 consecutive days or 180 days in any twelve month
          period.) In such an event, he shall be entitled to continue to receive
          his annual salary for three (3) months following his last day of
          actual employment by the Company. Such amount shall be in addition to
          any severance payment he is entitled to receive according the
          provisions of the Severance Compensation Law - 1963. In addition, the
          Board of Directors shall take the necessary steps so that (a) any
          outstanding, but unvested, options granted to the Employee shall vest
          upon the effective date of his termination; and (b) the period during
          which the Employee shall be permitted to exercise such options shall
          be extended to two (2) years from the effective date of his
          termination as defined in the Share Option Plan governing the options
          in question. Should the Employee's employment be terminated as a

<PAGE>

          result of his death, the benefits granted herein, shall be granted
          instead to his lawful heir or heirs.

     6.3. Notwithstanding the foregoing, the Company may terminate the Employee
          immediately and without prior notice in the following circumstances:
          (a) a material breach of the Employee's obligations pursuant to
          paragraphs 8.8, 8.9 and 8.10 (confidentiality and non-competition);
          (b) a material breach by the Employee of any other provision of this
          Agreement, which is not cured by the Employee within fifteen (15) days
          after receiving notice thereof from the Company containing a
          description of the breach or breaches alleged to have occurred; (c)
          the habitual neglect or gross failure by the Employee to adequately
          perform the duties of his position; (d) any act of moral turpitude or
          criminal action connected to his employment with the Company or his
          place of employment; or (e) the Employee's refusal to comply with or
          his violation of lawful instructions of the Chief Executive Officer or
          the Board of Directors.

     6.4. In the event that Employee's employment has been terminated in
          accordance with paragraph 6.3, above, the Employee shall not be
          entitled to receive any of the severance payments set forth in
          paragraphs 5.3.4 and 6.2, above.

7.   TAXES AND OTHER PAYMENTS

     7.1. Unless otherwise specifically provided for in this Agreement, the
          Company shall not be liable for the payment of taxes or other payments
          for which the Employee is responsible as result of this Agreement or
          any other legal provision, and the Employee shall be personally liable
          for such taxes and other payments.

     7.2. The Employee hereby agrees that the Company shall deduct from his
          Global Salary the Employee's national insurance fees, income tax and
          other amounts required by law or the terms of this Agreement. The
          Company shall provide the Employee with documentation of such
          deductions.

8. THE OBLIGATIONS OF THE EMPLOYEE

     8.1. The Employee agrees to devote his entire business time, energy,
          abilities and experience to the performance of his duties, effectively
          and in good faith.

     8.2. During the period of his employment, the Employee shall not be
          employed, whether or not during regular business hours, for pay by any
          other party other than the Company, except for teaching activities
          approved by the Chief Executive Officer. The Employee must receive the
          prior written consent of the Company before assuming an unpaid
          position outside the Company. Notwithstanding the foregoing, the
          Employee may, with the written permission of the Chairman of the Board
          of Directors, become a member of the Board of Directors of another
          company and may accept any compensation in connection with such
          position.

<PAGE>

     8.3. The Employee agrees to immediately inform the Company of any Company
          issue or transaction in which the Employee has a direct or indirect
          personal interest and/or where such issue or transaction could cause a
          conflict of interest for the Employee in the fulfillment of his
          responsibilities as an employee of the Company.

     8.4. The Employee hereby gives irrevocable instructions and permission to
          the Company to deduct from any amounts owed to the Employee by the
          Company, including amounts payable as severance compensation, (a) any
          debt he has or will have to the Company; and/or (b) any amount that
          was wrongfully or mistakenly paid to him by the Company. Any such
          amounts to be deducted shall be calculated in real terms as of the
          date of the deduction, including linkage to cost of living index.

      8.5. The Company may at its discretion and at any time apply for and
           procure as owner and for its own benefit and at its own expense,
           insurance on the life of the Employee ("Key Man Life Insurance") in
           such amounts and in such form or forms as the Company may choose. The
           Employee shall cooperate with the Company in procuring such insurance
           and shall, at the Company's request, submit to such medical
           examinations, supply such information and execute such documents as
           may be required by the insurance company or companies to whom the
           Company has applied for such insurance. Neither the Employee nor any
           of his dependents shall have any interest whatsoever in any such
           policy or policies, or in the proceeds thereof.

     8.6. The Employee declares that the terms and conditions of his employment
          are personal and confidential and will not be disclosed by him.

     8.7. The Employee declares that he is free to enter into this Agreement and
          that he has no obligations of any kind to any third party that would
          impair this Agreement, either as an employee or an independent
          contractor. The Employee further declares that as long as he remains
          an employee of the Company, he will not incur any such obligations.

     8.8. The Employee agrees to keep confidential (a) all professional,
          scientific, commercial, and business information; and (b) any other
          information or document that comes to the Employee's knowledge in
          connection with the affairs of the Company (collectively, the
          "Confidential Information"), and agrees not to use or exploit the
          Confidential Information or to disclose it to any third party where
          such use, exploitation or disclosure in not directly related to the
          affairs of the Company, unless the Company gives prior written
          authorization of such disclosure.

     8.9. The Employees agrees that during his employment by the Company and
          thereafter he (a) will not disseminate or otherwise make use of the
          Confidential Information or of other non-public information of which
          he learned while working for the Company, except where such
          dissemination or use is directly related to the affairs of the
          Company; (b) will maintain the confidentiality of the Confidential
          Information; and (c) will not in any way act to injure the reputation
          of the Company or any of its affiliated companies.

<PAGE>

    8.10   The Employee understands and recognizes that his services to the
           Company are special and unique. Therefore, he agrees that during the
           term of this Agreement and for one (1) year after the termination for
           any reason of his employment, he shall not be employed in or give any
           services to any business or third party that competes with the
           Company or whose activities conflict with the activities of the
           Company, unless the Chairman of the Board of Directors has given his
           explicit written consent prior the commencement of such employment or
           the giving of such services.

    8.11.  Upon termination of his employment, the Employee agrees to assist the
           Company with an orderly transition of his responsibilities and to
           return to the Company any documents, information and/or materials
           that were given to him or which were created by him in connection
           with his employment.

9. INTELLECTUAL PROPERTY RIGHTS

     9.1.  The Employee declares that he is aware that anything that is done by
           him in the Company or in connection with the Company, whether it be
           an invention, a discovery, or the development of an idea or a thing,
           all within the framework of the Company's business (the Development")
           shall belong to and be controlled by the Company, unless the Board of
           Directors shall, in writing, direct otherwise.

     9.2.  The Company shall have the right to fully utilize and exploit the
           Development, as it sees fit, including changing it, registering part
           or all of it as a patent, whether in Israel or abroad, selling it,
           transferring it to a third party, all without being required to
           either receive the Employee's consent or pay the Employee any
           additional payment for such Development apart from any payment he
           receives pursuant to this Agreement.

     9.3.  The Development and any subsequent intellectual property arising
           therefrom shall remain the sole property of the Employer even after
           the Employee's employment terminates for any reason. The termination
           of this Agreement, whether due to its breach or its own terms, shall
           not impair the Company's exclusive rights in the Development.
           Notwithstanding the termination of this Agreement, the Board of
           Directors shall have the discretion to award the Employee a cash
           payment in accordance with the terms of paragraph 5.2.1, above, as a
           result of any Development or subsequent intellectual property arising
           therefrom developed primarily by the Employee.

     9.4.  The Employee may not do anything with the Development or any related
           materials without the knowledge and prior consent of the Company. The
           Employee declares that he neither has nor will have any rights in the
           Development or its fruits and that all rights to the Development and
           its fruits shall fully reside in the Company.

     9.5.  Even in the event that at the time of the termination of the
           Employee's employment for any reason the Development has not been
           completed, the Employee shall be prohibited from any continued
           activity in connection with

<PAGE>

           the subject of the Development, alone or in concert with others, that
           is not explicitly allowed in writing by the Company. The Company
           alone will be the sole owner of the uncompleted Development and shall
           have the sole right to complete the Development or to take any other
           action in connection with the Development.

10. INDEMNIFICATION

The Company shall take whatever steps are necessary to establish a policy of
indemnifying its officers, including, but not limited to the Employee, for all
actions taken in good faith in pursuit of their duties and obligations to the
Company. Such steps shall include, but shall not necessarily be limited to, the
obtaining of an appropriate level of Directors and Officers Liability coverage.

11.  GENERAL

     11.1. It is agreed that the provisions of this Agreement represent the full
           scope of the agreement between the parties and that neither side
           shall be bound by any promises, declarations, exhibits, agreements or
           obligations, oral or written, that are not included in this Agreement
           prior to its execution. Any changes or amendments to this Agreement
           must be in writing and signed by both parties.

     11.2. This Agreement shall be governed by, and construed and interpreted
           under, the laws of the State of Israel. The parties agree that any
           legal claim lodged by one party against the other arising from the
           terms of this Agreement shall be adjudicated only by the appropriate
           court in Jerusalem, Israel.

     11.3. If any provision of this Agreement shall be declared by a court of
           competent jurisdiction to be invalid, illegal or incapable of being
           enforced in whole or in part, the remaining conditions and provisions
           or portions thereof shall nevertheless remain in full force and
           effect and enforceable, and no provision shall be deemed dependent
           upon any other covenant or provision unless so expressed herein.

     11.4. The rights, benefits, duties and obligations under this Agreement
           shall inure to, and be binding upon, the Company, its successors and
           assigns, and upon the Employee and his legal representatives. This
           Agreement constitutes a personal service agreement, and the
           performance of the Employee's obligations hereunder may not be
           transferred or assigned by the Employee.

      11.5 The failure of either party to insist upon the strict performance of
           any of the terms, conditions and provisions of this Agreement shall
           not be construed as a waiver or relinquishment of future compliance
           therewith or with any other term, condition or provision hereof, and
           said terms, conditions and provisions shall remain in full force and
           effect. No waiver of any term or condition of this Agreement on the
           part of either party shall be effective or any purpose whatsoever
           unless such waiver is in writing and signed by such party.

      11.6 The headings of Sections are inserted for convenience and shall not
           affect any interpretation of this Agreement.

<PAGE>

12.  NOTICES

     12.1. A notice that is sent by registered mail to a party at its address as
           set forth in paragraph 12.2, below, shall be deemed received three
           (3) days after its posting, and the receipt stamped by the post
           office shall represent definitive evidence of the date of mailing.

     12.2. The addresses of the parties for the purposes of this Agreement are:

           PARTEC LTD.:

           216 Jaffa Road
           Jerusalem 94383

           EMPLOYEE:

           Mishol Uzrad 5/3
           Jerusalem

IN WITNESS WHEREOF the parties have hereunto set their hands at the place and on
the date first above written.

Partec Ltd.
By

/s/ Morris Laster                   /s/ Ira Weinstein
------------------------------      ----------------------
                                    Employee

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