Document:

EMPLOYMENT AGREEMENT

THIS AGREEMENT made this 21 day of June, 2005.

BETWEEN:

      GAMMACAN,  LTD., a body corporate  with an address of 11 Ben  Gurion,Givat
      Shmuel Israel

      (the "Company")

AND:

      VERED CAPLAN (I.D. No. 23830060),  an individual  currently residing at 20
      Ha'etzel Street, 55280 Kiryat Ono, Israel

      (the "Executive")

WHEREAS:

A. The  Company has agreed to engage the  Executive  to serve in the role of the
Chief Executive Officer of the Company;

B.  The  Executive  and the  Company  wish to  formally  record  the  terms  and
conditions upon which the Executive will be employed by the Company, and each of
the Company and the Executive  have agreed to the terms and conditions set forth
in this Agreement, as evidenced by their execution hereof.

NOW THEREFORE THIS AGREEMENT WITNESSES that in consideration of the premises and
the mutual  covenants  and  agreements  herein  contained,  the  parties  hereto
covenant and agree as follows:

                                    ARTICLE 1
                              CONTRACT FOR SERVICES

1.1   Engagement of Executive.  Subject to earlier  termination of the Agreement
      as hereinafter provided, the Company hereby agrees to employ the Executive
      in  accordance  with the terms and  provisions  hereof.  In addition,  the
      Executive is also appointed as the Acting CEO of the parent company of the
      Company, GammaCan International Inc. (the "Parent Company"). The Executive
      will not be entitled to any compensation for her position as Acting CEO of
      the Parent Company,  other than the salary and additional  compensation to
      which she is entitled pursuant to this Agreement, but indemnification will
      be granted to her by the Parent Company in connection with her position.

1.2   Term. Unless terminated  earlier in accordance with the provisions hereof,
      the term of employment under this Agreement shall commence on July 2, 2005
      and shall  continue  until  terminated by either party as provided  herein
      (the  "Term").  The  Executive's  appointment  as Acting CEO of the Parent
      Company shall be terminated  automatically  and  immediately at the end of
      the Term.

<PAGE>

1.3   Exclusive Service.  During the Term and unless and until otherwise agreed,
      the  Executive  shall be employed on 70% (seventy  percent) of a full-time
      position.  The Executive  agrees to  faithfully,  honestly and  diligently
      serve the Company and to devote the Executive's  time,  attention and best
      efforts to further the  business and  interests of the Company  during the
      period of this Agreement, to the exclusion of all other direct or indirect
      engagements, except for those other engagement specifically authorized and
      approved by the Company and listed under Schedule A hereto;  The Executive
      agrees and  undertakes  to inform the Board of  Directors  of the Company,
      immediately after becoming aware of any matter that may in any way raise a
      conflict  of interest  between the  Executive  and the  Company.  However,
      nothing in this Section 1.3 shall degrade from the Executive's  obligation
      to continue  observing  all of her  undertakings  under this  Agreement in
      their  entirety,   including,   without  limitation,  her  obligations  of
      confidentiality and non-disclosure.

1.4   Duties. The Executive's  services hereunder shall be provided on the basis
      of the following terms and conditions:

      (a)   reporting  directly to the Board of Directors  of the  Company,  the
            Executive shall serve as the CEO of the Company;

      (b)   the Executive shall be responsible for setting the overall corporate
            direction for the Company,  including  establishing  and maintaining
            budgets  for the  Company and  ensuring  the  Company  has  adequate
            capital  for  its  operations,   marketing  and  general   corporate
            activities,  all subject to any applicable  law and to  instructions
            provided by the Board of Directors of the Company from time to time;

      (c)   the Executive shall  faithfully,  honestly and diligently  serve the
            Company  and  cooperate   with  the  Company  and  utilize   maximum
            professional  skill and care to ensure  that all  services  rendered
            hereunder are to the satisfaction of the Company, acting reasonably,
            and the Executive shall provide any other services not  specifically
            mentioned herein, but which by reason of the Executive's  capability
            the Executive  knows or ought to know to be necessary to ensure that
            the best interests of the Company are maintained;

      (d)   the Executive shall assume, obey, implement and execute such duties,
            directions, responsibilities, procedures, policies and lawful orders
            as may be determined or given from time to time by the Company; and

      (e)   the  Executive  shall report the results of her duties  hereunder to
            the Board of directors as it may request from time to time.

                                    ARTICLE 2
                                  COMPENSATION

2.1   Salary.
<PAGE>

      (a)   For  services  rendered  by  the  Executive  during  the  Term,  the
            Executive  shall be paid a monthly  salary,  payable  within 10 days
            after the end of each month,  at a gross  monthly  rate of US$ 6,475
            (the "Salary").  The Salary shall be paid in NIS translated pursuant
            to the  official  representative  rate  of  exchange  of the  US$ as
            published by the Bank of Israel on the payment date.  Any deductions
            required to be made by the Company and  submitted to relevant tax or
            other authorities will be deducted at source.

      (b)   The  Executive's  Assignment  is  included  among the  positions  of
            management or those  requiring a special  degree of personal  trust,
            and the Company is not able to supervise the number of working hours
            of the  Executive;  therefore the  provisions of the Israel Hours of
            Work and Rest Law - 1951,  will not apply to the  Executive  and she
            will not be entitled to any additional  remuneration  whatsoever for
            her work with the  exception  of that  specifically  set out in this
            Agreement.

2.2   Expenses.  The  Executive  will  be  reimbursed  by the  Company  for  all
      reasonable  business expenses incurred by the Executive in connection with
      her duties within previously approved budgets upon submission of a monthly
      statement of expenses.  This includes full use of cellular phone, payments
      of expenses incurred when traveling  abroad,  per diem payments for travel
      abroad according to the rules set forth by the Israeli Tax Authorities and
      others.  The  Executive  shall bear any tax  payments  resulting  from the
      aforesaid, to the extant applicable.

2.3   Company Vehicle. The Executive shall be entitled to the use of a Licensing
      minimum Class 4 vehicle, as shall be determined by the Company,  for which
      the Company shall incur all reasonable expenses associated therewith,  but
      excluding  personal  traffic fines and the like. The use of such car shall
      be subject to the Company's  instructions,  as may be amended from time to
      time.  The  Executive  shall  bear  any tax  payments  resulting  from the
      aforesaid, to the extant applicable.

2.4   Vacation;  Recreation  Pay. The Executive shall be entitled to 12 vacation
      days per year, reflecting her part-time employment.  Employee shall not be
      entitled to accrue  vacation days across  fiscal  years,  and shall not be
      entitled to any compensation for or redemption of unused vacation days. In
      addition,  Executive  shall be entitled to sick leave and  Recreation  Pay
      according to applicable law.

2.5   Deductions. The Executive acknowledges that all payments by the Company in
      respect of the  services  provided  by the  Executive  shall be net of all
      amounts  which the  Company as  employer is required to deduct or withhold
      from Salary or other payments to an executive in accordance with statutory
      requirements   (including,   without  limitation,   income  tax,  employee
      contributions and unemployment insurance contributions).

                                    ARTICLE 3
                          SOCIAL INSURANCE AND BENEFITS

3.1      Managers  Insurance.  The  Company  shall  insure  Executive  under  an
         accepted "Manager's Insurance Scheme", which in each case shall provide
         insurance in the event of illness or disability  (hereinafter  referred
         to as the "Managers  Insurance") as follows:  (i) the Company shall pay
         an amount equal up to 7.5% of  Executive's  Salary towards the Managers
         Insurance for  Executive's  benefit and Disability  Insurance and shall
         deduct 5% from  Executive's  Salary  and pay such  amount  towards  the
         Managers  Insurance for Executive's  benefit (the various components of
         the Managers  Insurance shall be fixed at the discretion of Executive);
         and (ii) the Company shall pay an amount equal to 8 1/3% of Executive's
         Salary towards a fund for severance compensation which shall be payable
         to  Executive  upon  severance,  subject to  provisions  of Section 3.3
         herein.  The  aforementioned  allocations shall be in lieu of severance
         pay according to the Israeli Severance Pay Law - 1963.

<PAGE>

3.2      Keren  Hishtalmut  Fund.  The  Company  and  Executive  shall  open and
         maintain a Keren  Hishtalmut Fund. The Company shall contribute to such
         Fund an amount  equal to 7-1/2% of each  monthly  Salary  payment,  and
         Executive  shall  contribute  to such Fund an amount of up to 2-1/2% of
         each monthly Salary payment.  Executive hereby instructs the Company to
         transfer  to such Fund the  amount  of  Executive's  and the  Company's
         contribution from each monthly Salary payment..

3.3      Effect of  Termination.  Upon  termination  of this Agreement by either
         party,  other  than in  circumstances  constituting  Cause (as  defined
         below),  the Company shall assign and transfer to the Executive,  after
         Executive  has  met  all  of  Executive's   obligations   hereunder  in
         connection  with such  termination of employment,  the ownership in the
         aforesaid  Manager's  Insurance and Keren Hishtalmut Fund. In the event
         that this Agreement is terminated in circumstances  constituting Cause,
         the  Company,  in its absolute  discretion,  may retain its payments to
         such funds and release to the Executive only those sums  contributed by
         Executive to such funds.

3.4      Liability  Insurance  Indemnification.  The Company  shall  provide the
         Executive  (including  her heirs,  executors and  administrators)  with
         coverage under a standard  directors' and officers' liability insurance
         policy at the Company's expense.

                                    ARTICLE 4
                                 CONFIDENTIALITY

4.1   Maintenance of Confidential  Information.  The Executive acknowledges that
      in the course of employment  hereunder the Executive will, either directly
      or indirectly,  have access to and be entrusted with information  (whether
      oral,  written or by  inspection)  relating  to the  Company or the Parent
      Company or their  respective  affiliates,  associates  or  customers  (the
      "Confidential   Information").   For  the  purposes  of  this   Agreement,
      "Confidential  Information"  includes,  without  limitation,  any  and all
      Developments (as defined herein), trade secrets, inventions,  innovations,
      techniques,  processes,  formulas,  drawings,  designs, products, systems,
      creations, improvements,  documentation,  data, specifications,  technical
      reports,  customer lists, supplier lists, distributor lists,  distribution
      channels  and  methods,   retailer   lists,   reseller   lists,   employee
      information,  financial information, sales or marketing plans, competitive
      analysis  reports and any other thing or information  whatsoever,  whether
      copyrightable  or  uncopyrightable  or  patentable  or  unpatentable.  The
      Executive  acknowledges  that the Confidential  Information  constitutes a
      proprietary  right,  which the Company and the Parent Company are entitled
      to protect. Accordingly the Executive covenants and agrees that during the
      Term and thereafter  until such time as all the  Confidential  Information
      becomes publicly known and made generally  available  through no action or
      inaction of the Executive,  the Executive  will keep in strict  confidence
      the Confidential  Information and shall not, without prior written consent

<PAGE>

      of the Company,  disclose,  use or otherwise  disseminate the Confidential
      Information,  directly or indirectly,  to any third party.

4.2   Exceptions.  The general prohibition  contained in Section 4.1 against the
      unauthorized   disclosure,   use  or  dissemination  of  the  Confidential
      Information  shall not apply in  respect of any  Confidential  Information
      that:

      (a)   is available  to the public  generally  in the form  disclosed;

      (b)   becomes part of the public domain through no fault of the Executive;

      (c)   is already in the lawful  possession of the Executive at the time of
            receipt of the Confidential Information; or

      (d)   is compelled by applicable  law to be  disclosed,  provided that the
            Executive   gives  the  Company   prompt   written  notice  of  such
            requirement  prior to such  disclosure  and provides  assistance  in
            obtaining an order  protecting  the  Confidential  Information  from
            public disclosure.

4.3   Developments.  Any  information,  technology,  technical data or any other
      thing or documentation  whatsoever which the Executive,  either by herself
      or in conjunction  with any third party, has conceived,  made,  developed,
      acquired or acquired  knowledge of during the Executive's  employment with
      the Company or which the  Executive,  either by herself or in  conjunction
      with any third party, shall conceive,  make,  develop,  acquire or acquire
      knowledge of (collectively the  "Developments")  during the Term or at any
      time thereafter during which the Executive is employed by the Company that
      is  related  to  conducting  research  and  clinical  study  on the use of
      intravenous  gamma  globulin as treatment  for cancer shall  automatically
      form part of the Confidential  Information and shall become and remain the
      sole and  exclusive  property of the Company.  Accordingly,  the Executive
      does hereby irrevocably,  exclusively and absolutely assign,  transfer and
      convey  to the  Company  in  perpetuity  all  worldwide  right,  title and
      interest in and to any and all Developments and other rights of whatsoever
      nature and kind in or arising from or pertaining to all such  Developments
      created or produced by the Executive  during the course of performing this
      Agreement,   including,  without  limitation,  the  right  to  effect  any
      registration  in the world to protect the  foregoing  rights.  The Company
      shall have the sole,  absolute and unlimited  right  throughout the world,
      therefore,  to protect the Developments by patent,  copyright,  industrial
      design,  trademark or otherwise and to make, have made, use,  reconstruct,
      repair, modify, reproduce,  publish, distribute and sell the Developments,
      in whole or in part, or combine the Developments with any other matter, or
      not use the Developments at all, as the Company sees fit.

4.4   Protection of  Developments.  The Executive  does hereby agree that,  both
      before and after the  termination of this  Agreement,  the Executive shall
      perform   such   further   acts  and  execute  and  deliver  such  further
      instruments,   writings,  documents  and  assurances  (including,  without
      limitation,  specific  assignments  and other  documentation  which may be
      required  anywhere in the world to register  evidence of  ownership of the
      rights assigned  pursuant hereto) as the Company shall reasonably  require
      in  order to give  full  effect  to the true  intent  and  purpose  of the
      assignment made under Section 4.3 hereof. If the Company is for any reason

<PAGE>

      unable,  after reasonable  effort, to secure execution by the Executive on
      documents  needed to effect any  registration or to apply for or prosecute
      any right or protection relating to the Developments, the Executive hereby
      designates and appoints the Company and its duly  authorized  officers and
      agents  as the  Executive's  agent  and  attorney  to act  for  and in the
      Executive's  behalf and stead to execute and file any such document and do
      all other lawfully permitted acts necessary or advisable in the opinion of
      the Company to effect such  registration or to apply for or prosecute such
      right or  protection,  with the same legal force and effect as if executed
      by the Executive.

4.5   Fiduciary   Obligation.   The  Executive  declares  that  the  Executive's
      relationship to the Company is that of fiduciary, and the Executive agrees
      to act  towards the Company  and  otherwise  behave as a fiduciary  of the
      Company.

4.6   Trade of Parent Company  Securities.  The Executive  acknowledges that the
      Company is a subsidiary of the Parent Company,  which is a publicly traded
      company.  Therefore,  the  Executive  agrees  not to use any  Confidential
      Information  in connection  with the purchase or sale of the securities of
      the Parent Company.  The Executive further  acknowledges that any such use
      would constitute a violation of securities laws.

4.7   Remedies.  The parties to this  Agreement  recognize that any violation or
      threatened  violation by the Executive of any of the provisions  contained
      in this Article 4 will result in immediate and  irreparable  damage to the
      Company and that the Company could not adequately be compensated  for such
      damage by monetary award alone. Accordingly,  the Executive agrees that in
      the event of any such  violation  or  threatened  violation,  the  Company
      shall,  in addition to any other remedies  available to the Company at law
      or in equity,  be entitled as a matter of right to apply to such relief by
      way of restraining  order,  temporary or permanent  injunction and to such
      other  relief as any  court of  competent  jurisdiction  may deem just and
      proper.

4.8   Reasonable  Restrictions.  The Executive  agrees that all  restrictions in
      this Article 4 are  reasonable  and valid,  and all defenses to the strict
      enforcement thereof by the Company are hereby waived by the Executive.

                                    ARTICLE 5
                                 NON-COMPETITION

5.1   Non  Competition.  Executive  agrees and undertakes  that she will not, so
      long as she is  employed  by the  Company  and for a period  of 12  months
      following  termination of her employment for whatever reason,  directly or
      indirectly,  as owner,  partner,  joint  venture,  stockholder,  employee,
      broker, agent, principal,  corporate officer, director, licensor or in any
      other capacity  whatever engage in, become  financially  interested in, be
      employed  by, or have any  connection  with any  business or venture  that
      competes with the Company's  business,  including any business which, when
      this Agreement  terminates,  the Company  contemplates in good faith to be
      materially  engaged  in  within 12 months  thereafter,  provided  that the
      Company has taken demonstrable  actions to promote such engagement or that
      the Company's Board of Directors has adopted a resolution authorizing such
      actions  prior  to  the  date  of  termination;  provided,  however,  that

<PAGE>

      Executive may own securities of any  corporation  which is engaged in such
      business  and is publicly  owned and traded but in an amount not to exceed
      at any one time one percent  (1%) of any class of stock or  securities  of
      such company,  so long as she has no active role in the publicly owned and
      traded company as director, employee, consultant or otherwise.

5.2   No Solicitation. Executive agrees and undertakes that during the period of
      her employment and for a period of 12 months  following  termination,  she
      will not, directly or indirectly,  including personally or in any business
      in which she is an officer, director or shareholder, for any purpose or in
      any place,  employ any person (as an employee or  consultant)  employed by
      the Company at such time or during the  preceding  twelve  months,  unless
      such person has been  terminated by the Company,  provided  however,  that
      such person who is  terminated by the Company may be employed by Executive
      as described  above only after the  expiration  of twelve months after the
      effective date of such termination.

                                    ARTICLE 6
                                   TERMINATION

6.1   Termination  For Cause or Disability.  This Agreement may be terminated at
      any time by the Company without  notice,  for Cause or in the event of the
      Disability of Executive.

      For the purposes of this Agreement,  "Cause" also means that the Executive
      shall have:

      (a)   committed  an  intentional  act of fraud,  embezzlement  or theft in
            connection  with the  Executive's  duties  or in the  course  of the
            Executive's employment with the Company;

      (b)   intentionally and wrongfully damaged property of the Company, or any
            of its respective affiliates, associates or customers;

      (c)   intentionally  or  wrongfully  disclosed  any  of  the  Confidential
            Information;

      (d)   made material personal benefit at the expense of the Company without
            the prior written consent of the management of the Company;

      (e)   accepted  shares or options or any other  gifts or  benefits  from a
            vendor  without the prior written  consent of the  management of the
            Company;

      (f)   fundamentally  breached any of the  Executive's  material  covenants
            contained in this  Agreement;  or

      (g)   willfully and persistently, without reasonable justification, failed
            or refused to follow the lawful and proper directives of the Company
            specifying in reasonable  detail the alleged  failure or refusal and
            after a reasonable opportunity for the Executive to cure the alleged
            failure or refusal.

      For the purposes of this Agreement,  an act or omission on the part of the
      Executive shall not be deemed  "intentional," if it was due to an error in
      judgment or negligence,  but shall be deemed  "intentional" if done by the
      Executive not in good faith and without  reasonable belief that the act or
      omission  was in the best  interests  of the  Company,  or its  respective
      affiliates, associates or customers.

<PAGE>

      For the purposes of this Agreement,  "Disability"  shall mean any physical
      or mental illness or injury as a result of which Executive  remains absent
      from work for a period of six (6)  successive  months,  or an aggregate of
      six (6) months in any twelve  (12) month  period.  Disability  shall occur
      upon the end of such six-month period.

6.2   Severance  for  Termination  With  Cause.  If the Company  terminates  the
      Executive's  employment for Cause,  then the Company will not be obligated
      to pay  the  Executive  any  severance  payments  or  provide  any  notice
      whatsoever to the Executive.

6.3   Termination  Without  Cause.  Either  the  Executive  or the  Company  may
      terminate  the  Executive's  employment  without  Cause,  for  any  reason
      whatsoever,  with 30 days notice within the first year of the  Executive's
      engagement and with 90 days prior written notice thereafter.

6.4   The Notice Period.

      (a)   During the period  following the notice of termination  (the "Notice
            Period"),  Executive  shall  cooperate  with the Company and use her
            best  efforts  to  assist  the   integration   into  the   Company's
            organization  of the person or persons who will  assume  Executive's
            responsibilities.

      (b)   This  Agreement  shall remain in full force and effect until the end
            of the  Notice  Period and there  shall be no change in  Executive's
            compensation  terms or any of her obligations  hereunder during such
            Notice period.

      (c)   Notwithstanding  sub-section (b) above, during the Notice Period the
            Company may, at its discretion,  relieve  Executive of her position,
            upon which Executive shall leave the Company. Such actions shall not
            derogate in any way or manner whatsoever from Executive's  rights to
            receive the Salary until the end of the Notice period.

6.5   Limitation of Damages.  It is agreed that in the event of  termination  of
      employment,  neither the Company,  nor the Executive  shall be entitled to
      any notice, or payment in excess of that specified in this Article 6.

6.6   Return  of  Materials.  Within  three  (3)  days  of  any  termination  of
      employment hereunder,  or upon any request by the Company at any time, the
      Executive  will  return or cause to be returned  any and all  Confidential
      Information  and other assets of the Company  (including all originals and
      copies thereof),  which "assets" include,  without  limitation,  hardware,
      software,  keys, security cards and backup tapes that were provided to the
      Executive  either for the purpose of performing  the  employment  services
      hereunder or for any other  reason.  The Executive  acknowledges  that the
      Confidential  Information  and the assets are  proprietary to the Company,
      and the  Executive  agrees  to  return  them to the  Company  in the  same
      condition as the Executive  received  such  Confidential  Information  and
      assets.

<PAGE>

6.7   Effect of Termination. Sections 3.3, 3.4, 4, 5 and 6.6 hereto shall remain
      in full force and effect  after  termination  of this  Agreement,  for any
      reason whatsoever.

                                   ARTICLE 7
                             MUTUAL REPRESENTATIONS

7.1   Executive  represents  and warrants to the Company that the  execution and
      delivery of this  Agreement  and the  fulfillment  of the terms hereof (i)
      will not  constitute  a default  under or conflict  with any  agreement or
      other  instrument  to which she is a party or by which  she is bound,  and
      (ii) do not require the consent of any person or entity.

7.2   The Company  represents  and warrants to Executive that this Agreement has
      been duly  authorized,  executed and delivered by the Company and that the
      fulfillment of the terms hereof (i) will not constitute a default under or
      conflict with any agreement of other  instrument to which it is a party or
      by which it is bound, and (ii) do not require the consent of any person of
      entity.

7.3   Each party hereto warrants and represents to the other that this Agreement
      constitutes  the valid and binding  obligation  of such party  enforceable
      against  such party in  accordance  with its terms  subject to  applicable
      bankruptcy,  insolvency,  moratorium and similar laws affecting creditors'
      rights generally, and subject, as to enforceability, to general principles
      of equity  (regardless if enforcement is sought in proceeding in equity or
      at law).

                                    ARTICLE 8
                                     NOTICES

8.1   Notices.  All notices required or allowed to be given under this Agreement
      shall  be  made  either   personally   by  delivery  to  or  by  facsimile
      transmission  to the  address  as  hereinafter  set forth or to such other
      address as may be designated from time to time by such party in writing:

      (a)   in the case of the Company, to:

                           GAMMACAN, LTD.
                           Ben Gurion 11, Givat Shmuel, Israel
                           Attn: _______
                           Fax: ________

            with a copy to
                           Ori Rosen, Adv.
                           Ori Rosen & Co. Law Offices
                           1 Azrieli Center (round tower)
                           Tel Aviv 67021, Israel
                           Fax: 972-3-607-4701
                           Email: ori@rosenlaw.co.il

      (b)   and in the case of the Executive,  to the Executive's last residence
            address known to the Company.

<PAGE>
8.2   Change of Address.  Any party may,  from time to time,  change its address
      for service  hereunder by written  notice to the other party in the manner
      aforesaid.

                                    ARTICLE 9
                                     GENERAL

9.1   Entire Agreement.  As of the date hereof, any and all previous agreements,
      written or oral between the parties hereto or on their behalf  relating to
      the  employment  of the  Executive  by the  Company  are  null  and  void,
      including (without  limitation) the Employment  Agreement of March 1, 2005
      and its Addendum of the same date. The parties hereto agree that they have
      expressed herein their entire  understanding and agreement  concerning the
      subject  matter  of this  Agreement  and it is  expressly  agreed  that no
      implied covenant,  condition,  term or reservation or prior representation
      or warranty  shall be read into this  Agreement  relating to or concerning
      the subject matter hereof or any matter or operation provided for herein.

9.2   Personal  Agreement.  The  provisions of this Agreement are in lieu of the
      provisions of any  collective  bargaining  agreement,  and  therefore,  no
      collective   bargaining   agreement   shall  apply  with  respect  to  the
      relationship  between  the  parties  hereto  (subject  to  the  applicable
      provisions of law).

9.3   Further  Assurances.  Each party hereto will promptly and duly execute and
      deliver to the other party such further  documents and assurances and take
      such further  action as such other party may from time to time  reasonably
      request in order to more  effectively  carry out the intent and purpose of
      this  Agreement  and to  establish  and  protect  the rights and  remedies
      created or intended to be created hereby.

9.4   Waiver.  No provision hereof shall be deemed waived and no breach excused,
      unless such waiver or consent  excusing  the breach is made in writing and
      signed by the party to be charged with such waiver or consent. A waiver by
      a party of any  provision  of this  Agreement  shall not be construed as a
      waiver of a further breach of the same provision.

9.5   Amendments in Writing.  No amendment,  modification  or rescission of this
      Agreement shall be effective unless set forth in writing and signed by the
      parties hereto.

9.6   Assignment. Except as herein expressly provided, the respective rights and
      obligations  of the Executive and the Company under this  Agreement  shall
      not be assignable by either party without the written consent of the other
      party and shall, subject to the foregoing,  enure to the benefit of and be
      binding upon the Executive and the Company and their permitted  successors
      or assigns.  Nothing herein  expressed or implied is intended to confer on
      any person other than the parties hereto any rights, remedies, obligations
      or liabilities under or by reason of this Agreement.

<PAGE>

9.7   Severability.  In the event that any provision contained in this Agreement
      shall be declared  invalid,  illegal or  unenforceable by a court or other
      lawful authority of competent jurisdiction, such provision shall be deemed
      not to  affect or  impair  the  validity  or  enforceability  of any other
      provision of this  Agreement,  which shall continue to have full force and
      effect.

9.8   Headings.  The headings in this Agreement are inserted for  convenience of
      reference only and shall not affect the construction or  interpretation of
      this Agreement.

9.9   Number and Gender. Wherever the singular or masculine or neuter is used in
      this  Agreement,  the same shall be  construed  as  meaning  the plural or
      feminine or a body politic or  corporate  and vice versa where the context
      so requires.

9.10  Time. Time shall be of the essence of this Agreement.

9.11  Governing  Law.  This  Agreement  shall be construed  and  interpreted  in
      accordance with the laws of the state of Israel  applicable  therein,  and
      each of the parties hereto  expressly  attorns to the  jurisdiction of the
      courts  of  the  state  of  Israel.   The  sole  and  exclusive  place  of
      jurisdiction  in any  matter  arising  out of or in  connection  with this
      Agreement shall be the applicable Tel-Aviv court.

9.12  Enurement.  This Agreement is intended to bind and enure to the benefit of
      the  Company,  its  successors  and  assigns,  and the  Executive  and the
      personal legal representatives of the Executive.

                [Remainder of this page left intentionally blank]

<PAGE>

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

GAMMACAN, LTD.

Per:    /s/ Yair Aloni                     /s/ VERED CAPLAN
                                               ----------------
                                               Vered Caplan
Name:   Yair Aloni

Title:  Director

WE APPROVE AND AGREE:

GAMMACAN INTERNATIONAL, INC.

Per:   /s/ Yair Aloni

Name:  Yair Aloni

Title: Director

<PAGE>

                     SCHEDULE A: OTHER PERMITTED ENGAGEMENTS

                               Serapis Biotech LTD

                            Serapis Technologies Inc.

                            Cygnus Biotechnology Inc.

                               Cygnus Biotech Ltd

        Consulting to SafeTech, Critisense and Pontifax through P.B.D Ltd
                       (a company owned by the Executive)INDEMNITY AGREEMENT

THIS AGREEMENT made as of the 21 day of June, 2005.

BETWEEN:
            GammaCan International,  Inc., a corporation  incorporated under the
            State of  Delaware  and having an office at 11 Ben Gurion Rd,  Givat
            Shmuel 54100 Israel
            (the "Indemnitor")

AND:

            Vered Caplan, Acting CEO of Indemnitor and Acting CEO of its

            subsidiary, GammaCan Ltd. (the "Subsidiary"), of 20 Ha'etzel Street,
            Kiryat Ono 55280, Israel
            (the "Indemnitee")

WHEREAS:

A. The Indemnitee has been requested to accept and hold a position as an officer
of the Indemnitor and the Subsidiary; and

B. In consideration of $1.00 and other good and valuable consideration received,
the Indemnitor has agreed to indemnify the Indemnitee for all liability, losses,
damages, costs, charges, expenses, fines and penalties which have been or may be
sustained  by the  Indemnitee  as a result of her  acting as an  officer  of the
Indemnitor.

IN WITNESS  THEREFORE that in  consideration  of the premises and subject to the
conditions  hereunder and in  consideration of the sum of ONE DOLLAR ($1.00) now
paid  by  the   Indemnitee  to  the  Indemnitor  and  other  good  and  valuable
consideration  (the receipt and  sufficiency of which is hereby  acknowledged by
the Indemnitor), the parties agree as follows:

1. General  Indemnity.  Subject to section 4 hereof,  the  Indemnitor  agrees to
indemnify and save the Indemnitee harmless from and against:

      (a) any and all costs,  charges,  expenses,  fees, damages or liabilities,
      regardless of when they arose and howsoever arising and whether arising in
      law or in equity or under statute, regulation or governmental ordinance of
      any  jurisdiction,  common  law or  otherwise  (including  legal  or other
      professional  fees),  and whether  incurred  alone or jointly with others,
      which the  Indemnitee  may  suffer,  sustain,  incur or be required to pay
      arising out of, in  connection  with or  incidental  to any action,  suit,
      demand,   proceeding,   investigation  or  claim  which  may  be  brought,
      commenced,  made,  prosecuted or threatened against the Indemnitee (any of
      the same hereinafter  being referred to as a "Claim") for or in respect of

<PAGE>

      any act, deed, matter or thing done, made,  permitted or in respect of any
      omission to do, make or permit any act, deed,  matter or thing  whatsoever
      required or desirable to do, make or permit, by the Indemnitee arising out
      of,  in  connection  with or  incidental  to the  management,  operations,
      activities or affairs of the  Indemnitor or the exercise by the Indemnitee
      of her  powers  or the  performance  of her  duties as an  officer  of the
      Indemnitor,  whether  sustained  or incurred by reason of her  negligence,
      default, breach of duty, failure to exercise due diligence or otherwise in
      relation to the Indemnitor;

      (b) any and all costs,  charges,  expenses,  fees,  damages or liabilities
      which the Indemnitee may suffer, sustain or incur or be required to pay in
      connection  with  investigating,  initiating,  defending,  preparing  for,
      providing  evidence in, instructing and receiving the advice of her own or
      other  counsel,  or any amount paid to satisfy  any  judgment  made,  fine
      imposed,  damages or costs or any amount paid or liability incurred by the
      Indemnitee to settle any Claim, or any amount of tax assessed  against the
      Indemnitee in respect of any indemnity under this Agreement;

      (c)  that  to  the  extent  not  satisfied,  paid  or  reimbursed  by  the
      Indemnitor,  the Indemnitor  shall pay or reimburse the Indemnitee for any
      and all costs,  charges,  expenses,  fees or  liabilities  the  Indemnitee
      sustains,  incurs  or  is  required  to  pay  in  or in  relation  to  the
      management,  operations,  activities  or affairs of the  Indemnitor in the
      Indemnitee's  capacity  as an  officer of the  Indemnitor,  whether or not
      incurred in connection with any Claim.

2. Specific Indemnity for Statutory Obligations. Without limiting the generality
of the  provisions  of  section 1 hereof and  subject  to section 4 hereof,  the
Indemnitor agrees to indemnify and save the Indemnitee harmless from and against
any and all charges,  costs,  expenses,  penalties,  assessments and liabilities
arising by operation of statute and  incurred by the  Indemnitee  in relation to
the  management,  operations,  activities  or affairs of the  Indemnitor  in the
Indemnitee's capacity as an officer of the Indemnitor, including but not limited
to   all   statutory   obligations   to   employees,   suppliers,   contractors,
subcontractors,  repairers  and the like and any  government  or any  agency  or
division of any government,  whether  federal,  provincial,  state,  regional or
municipal.

3. Exclusion of Liability.  Subject to section 4 hereof, the Indemnitee,  in her
capacity as an officer of the Indemnitor, shall not be liable for:

      (a) any act,  default,  omission,  or  neglect  of any  other  consultant,
      employee, director of the Indemnitor;

      (b) any loss or damages incurred by the Indemnitor owing to any receipt or
      act of any consultant,  employee,  director of the Indemnitor in which the
      Indemnitee has concurred or joined in for conformity;

                                      -2-
<PAGE>

      (c)  any  loss  or  damages   incurred  by  the  Indemnitor   through  the
      insufficiency or deficiency of title to any property  acquired by order of
      the board of directors or the officers of the  Indemnitor for or on behalf
      of the Indemnitor;

      (d) the  insufficiency  or deficiency of any security in or upon which any
      money of the Indemnitor shall be invested or loaned;

      (e)   any loss or  damage  arising  from  the  bankruptcy,  insolvency  or
      tortious act of any person with whom any money,  security or effect of the
      Indemnitor shall be deposited;

      (f)   any loss,  conversion,  misapplication or misappropriation of or any
      damage resulting from any dealings with any money, security or other asset
      belonging to the Indemnitor;

      (g)   any loss or damage  occasioned by any error of judgment or oversight
      on the part of the Indemnitee; or

      (h)   any other loss, damage or misfortune whatever.

4. Limitation of Indemnity and Exclusion from Liability.  The indemnity provided
for in sections 1 and 2 hereof is subject to the Delaware Revised Statutes,  and
will be effective unless proved that:

      (a) her failure to act  constituted  a breach of her  fiduciary  duties as
      officer, and

      (b) her breach of those duties involved intentional misconduct, fraud or a
      knowing violation of law.

5. Court Applications.  The Indemnitor represents and warrants that it will in a
timely manner take all necessary steps, including without limitation any and all
necessary court applications, to discharge its obligations under this Agreement.

6.  Extensions,   Modifications.  Except  as  otherwise  provided  herein,  this
Agreement is absolute and  unconditional  and the  obligations of the Indemnitor
shall not be  affected,  discharged,  impaired,  mitigated  or  released  by any
extension of time, indulgence or modification which the Indemnitee may extend or
make with any  person  making  any Claim or demand  against  the  Indemnitee  in
connection  with her duty as an officer of the  Indemnitor  or in respect of any
liability incurred by him as an officer of the Indemnitor.

7. Other Rights and Remedies.  The  indemnification  provided by this  Agreement
shall not be deemed to derogate  from or exclude  any other  rights to which the
Indemnitee  may be entitled  under any  provision of any statute or otherwise at
law.

8. Insolvency. The liability of the Indemnitor under this Agreement shall not be
affected, discharged, impaired, mitigated or released by reason of the discharge
or release of the  Indemnitee in any  bankruptcy,  insolvency,  receivership  or
other proceedings of creditors.

                                      -3-
<PAGE>

9. Multiple  Proceedings.  No action or proceeding  brought or instituted  under
this Agreement and no recovery pursuant thereto shall be a bar or defence to any
further action or proceeding which may be brought under this Agreement.

10.  Modification.  No  modification of this Agreement shall be valid unless the
same  shall be in  writing  and  signed by the  Indemnitor  and the  Indemnitee,
provided  however that if the  Indemnitee is requested to or agrees to act as an
officer of any subsidiary of the Indemnitor,  the indemnity  provided for herein
shall automatically be deemed to apply to the Indemnitee acting as such, mutatis
mutandis.  It is hereby clarified that on the date hereof  Indemnitee  serves as
the CEO of the Subsidiary and that the indemnity  provided for herein applies to
the Indemnitee  acting in such position from and after August 17, 2004,  mutatis
mutandis.

11. Procedure For Claims.

      (1) In the event the Indemnitee is named as a party in any action,  claim,
      suit,  proceeding or  investigation  upon which the Indemnitee  intends to
      base a claim for indemnification  hereunder, the Indemnitee shall give the
      Indemnitor prompt written notice of such action,  claim, suit,  proceeding
      or  investigation  (provided,  however,  that failure of the Indemnitee to
      provide such notice shall not relieve the  Indemnitor  of any liability to
      the Indemnitee the Indemnitor may have under this Agreement  except to the
      extent that the Indemnitor is materially prejudiced by such failure).

      (2) The Indemnitor  shall  participate  in and,  assume the defence of any
      such action,  including for certainty any derivative action,  claim, suit,
      proceeding or  investigation  all at the  Indemnitor's  expense  provided,
      however,  that counsel retained by the Indemnitor shall be satisfactory to
      the   Indemnitee   in   the   exercise   of  his   reasonable   judgement.
      Notwithstanding the Indemnitor's assumption of the defense of such action,
      claim,  suit,  proceeding or investigation,  the Indemnitee shall have the
      right to employ  separate  counsel and to participate in, but not control,
      the defense of such action, claim, suit, proceeding or investigation,  and
      the Indemnitor  shall bear the reasonable fees, costs and expenses of such
      separate counsel as such fees,  costs and expenses are incurred  (provided
      that with  respect  to any  single  action,  claim,  suit,  proceeding  or
      investigation,  the  Indemnitor  shall not be  required  to bear the fees,
      costs  and   expenses  of  more  than  one  such  counsel  in  any  single
      jurisdiction)  if (a) the  use of  counsel  chosen  by the  Indemnitor  to
      represent  the  Indemnitee  would  present such counsel with a conflict of
      interest;  (b) the  defendants,  respondents  or other parties in any such
      action,   claim,  suit,  proceeding  or  investigation  include  both  the
      Indemnitee on the one hand and the  Indemnitor on the other hand,  and the
      Indemnitee has reasonably concluded that representation of both parties by
      the same  counsel  would  be  inappropriate  due to  actual  or  potential
      differing  interests  between them (in which case the Indemnitor shall not
      have the  right  to  direct  the  defense  of such  action,  claim,  suit,
      proceeding  or  investigation  on  behalf  of  the  Indemnitee);  (c)  the
      Indemnitor shall not have employed counsel  satisfactory to the Indemnitee
      in the exercise of the Indemnitee's  reasonable judgment to represent him,
      within a reasonable  time after notice of the  institution of such action,
      proceeding  or  investigation;   or  (d)  the  Indemnitor  authorizes  the
      Indemnitee to employ separate counsel at the Indemnitor's expense.

                                      -4-
<PAGE>

      (3) The Indemnitee shall cooperate with the Indemnitor in the Indemnitor's
      defense by  providing  such  information  and other  assistance  which the
      Indemnitor may reasonably request in connection with such defense.

      (4) The  Indemnitor  shall not,  without the  Indemnitee's  prior  written
      consent,  settle,  compromise,  consent to the entry of any judgment in or
      otherwise  seek to terminate  any action,  claim,  suit or  proceeding  in
      respect of which  indemnification  may be sought hereunder (whether or not
      the Indemnitee is a party  thereto)  unless such  settlement,  compromise,
      consent  or  termination  includes a release  of the  Indemnitee  from any
      liabilities  arising out of such action,  claim,  suit or proceeding.  The
      Indemnitee  shall not,  without the  Indemnitor's  prior written  consent,
      admit liability, settle, compromise,  consent to the entry of any judgment
      in or otherwise seek to terminate any action,  claim, suit,  investigation
      or proceeding  referred to in the preceding  paragraph and the  Indemnitee
      shall not disclose the existence of this Agreement unless required by law,
      subpoena, court order or upon the advice of counsel.

12.  Resignation.  Nothing in this Agreement  shall prevent the Indemnitee  from
resigning as an officer of the  Indemnitor or from  exercising any rights he may
have to terminate any consulting, management or other agreement he may have with
the Indemnitor.

13.  Termination.  The  obligations of the Indemnitor  shall not terminate or be
released upon the  Indemnitee  ceasing to act as an officer of the Indemnitor at
any  time or  times  and such  obligations  shall  survive  the  termination  or
resignation of the Indemnitee. The Indemnitor's obligations may be terminated or
released only by a written instrument executed by the Indemnitee.

14. Tax Gross Up. The amount of any indemnity  payable to the Indemnitee will be
computed in accordance with the following formula:

         (B - D)
A =      --------
         (1 - C)

where:

A = the amount of indemnity payable by the Indemnitor to the Indemnitee pursuant
to this Agreement,

B = the amount of indemnity that would otherwise be payable by the Indemnitor to
the Indemnitee  pursuant to this Agreement on the assumption that such amount is
computed  without  reference to any increased  liability of the Indemnitee under
applicable  income,  payroll,  value  added or any  other  tax laws  arising  in
consequence of such payment,

C = the aggregate of the highest  effective  rates of all taxes  (including  all
surtaxes)  under such tax laws  applicable to the  Indemnitee in respect of such
payment,  after giving  effect to any  applicable  bilateral  tax  convention or
treaty, and

                                      -5-
<PAGE>

D = any  such  tax  required  by law to be  paid by or for  the  account  of the
Indemnitee on or with respect to the Grossed Up Amount, and which is deducted by
the  Indemnitor  from that amount and remitted to a lawful taxing  authority for
the account of the Indemnitee.

For the purposes of this section,  "Grossed Up Amount" means (B) divided by (1 -
C).

15.  Advances.  In any case in which the Indemnitee  incurs or becomes liable to
pay any amount in  respect  of which he is  entitled  to be  indemnified  by the
Indemnitor  pursuant to the provisions of this Agreement,  the Indemnitor  shall
advance  such amount to the  Indemnitee  by way of loan  forthwith  upon written
demand  therefor by the  Indemnitee  to the  Indemnitor.  Such  notice  shall be
accompanied by a written  undertaking by the Indemnitee to repay the full amount
of any funds so  advanced  forthwith  upon it being  determined  by the court on
application  for  such  approval,   that  the  Indemnitee  is  not  entitled  to
indemnification  in respect thereof.  In that event any amount so advanced shall
be repaid forthwith  following such  determination and shall bear interest at 2%
above the prime  rate  charged  by the  Indemnitor's  bankers  to its  preferred
commercial  customers  from  time to time  during  the  period  from the date of
advance to the date of repayment.

16.  Notices.  Any  notice  to be  given  by one  party  to the  other  shall be
sufficient  if  delivered  by hand,  deposited  in any Post  Office  in  Israel,
registered,  postage  prepaid,  or sent by means of electronic  transmission (in
which case any message so transmitted shall be immediately  confirmed in writing
and mailed as provided above), addressed, as the case may be:

(a) To the Indemnitor:

                 GAMMACAN, LTD.
                 Ben Gurion 11, Givat Shmuel, Israel
                 Attn: _______
                 Fax: ________

(b) To the Indemnitee:

                  Vered Caplan
                  20 Ha'etzel Street, Kiryat Ono, Israel 55280
                  Facsimile: 972-

or at such other address of which notice is given by the parties pursuant to the
provisions  of this  section.  Such notice shall be deemed to have been received
when  delivered,  if  delivered,  and if  mailed,  on  the  fifth  business  day
(exclusive  of  Saturdays,  Sundays and  statutory  holidays)  after the date of
mailing. Any notice sent by means of electronic  transmission shall be deemed to
have been given and received on the day it is transmitted, provided that if such
day is not a business day then the notice shall be deemed to have been given and
received on the next business day following.  In case of an  interruption of the
postal service,  all notices or other  communications shall be delivered or sent
by means of electronic  transmission as provided above, except that it shall not
be  necessary  to  confirm  in  writing  and  mail  any  notice   electronically
transmitted.

                                      -6-
<PAGE>

17.  Governing  Law.  This  Agreement  shall be  governed  by and  construed  in
accordance  with the State of  Delaware  and all  disputes  arising  under  this
Agreement shall be referred to and the parties hereto  irrevocably attorn to the
jurisdiction of the courts of the State of Delaware.

18. Other Acts. The  Indemnitor and the Indemnitee  agree that they shall do all
such  further  acts,  deeds or things and execute  and deliver all such  further
documents,  instruments or certificates as may be necessary or advisable for the
purpose of assuring and confirming unto the Indemnitee the rights hereby created
or  intended,  and of  giving  effect  to and  carrying  out  the  intention  or
facilitating the performance of the terms of this Agreement.

19. Interpretation.  Wherever the singular or masculine are used throughout this
Agreement,  the same shall be construed as meaning the plural or the feminine or
body  politic or  corporate  and  whenever  the plural is used  throughout  this
Agreement the same shall be construed as meaning the singular, where the context
or the parties hereto so require,  and the  liabilities  and  obligations of the
Indemnitor hereunder shall be joint as well as several.

20. Invalid Terms Severable.  If any term, clause or provision of this Agreement
shall be held invalid or contrary to law, the validity of any other term, clause
or provision  shall not be affected and such invalid  term,  clause or provision
shall be considered severable.

21. Entire  Agreement.  This Agreement  shall  supersede and replace any and all
prior  agreements  between the parties  hereto  respecting the matters set forth
herein, and shall constitute the entire agreement between the parties in respect
of the  matters  set forth  herein.  There are no  representations,  warranties,
collateral agreements, or conditions expect as set forth herein.

22.  Binding  Effect.  All of the  agreements,  conditions  and  terms  of  this
Agreement  shall extend to and be binding upon the  Indemnitor  and their heirs,
executors,  administrators  and  other  legal  representatives,  successors  and
assigns and shall enure to the benefit of and may be enforced by the  Indemnitee
and her  heirs,  executors,  administrators  and  other  legal  representatives,
successors and assigns.

23.  Independent  Legal Advice.  The  Indemnitor  acknowledges  that it has been
advised by the  Indemnitee  to obtain  independent  legal advice with respect to
entering into this  Agreement,  that they have obtained such  independent  legal
advice or have  expressly  waived such advice,  and that they are entering  into
this  Agreement with full  knowledge of the contents  hereof,  of their own free
will and with full capacity and authority to do so.

24. Power and Authority of Indemnitor. The Indemnitor represents and warrants to
the Indemnitee that this Agreement when duly and validly  executed and delivered
by the Indemnitor will constitute a legal,  valid and binding  obligation of the
Indemnitor  enforceable  against the  Indemnitor  in  accordance  with the terms
hereof and that the  Indemnitor,  if a  corporation,  is duly  incorporated  and
organized,  validly  existing  and  in  good  standing  under  the  laws  of its
jurisdiction of incorporation,  has the necessary corporate power,  capacity and
authority to enter into this Agreement and perform its obligations hereunder and
that the execution  and delivery of this  Agreement by the  Indemnitor  has been
duly and properly authorized by all necessary corporate action and that.

                                      -7-
<PAGE>

25. Counterparts. This Agreement may be signed in counterparts, in writing or by
electronic facsimile transmission or by other means of electronic  communication
capable  of  producing  a printed  copy,  each of which  will be deemed to be an
original and all such  counterparts  together will  constitute  one and the same
instrument  and  notwithstanding  the date of  execution,  will be  deemed to be
effective as of the date set forth above.

IN WITNESS  WHEREOF the Indemnitor  and the  Indemnitee  have hereunto set their
hands and seals as of the day and year first above written.

By the Indemnitor:

GammaCan International, INC.

Per: /s/ Yair Aloni
Authorized Signatory

SIGNED, SEALED and DELIVERED by                         )
VERED CAPLAN in the presence of:                        )
                                                        )
-----------------------------------                     )
Name                                                    )
___________________________________                     )   /s/ VERED CAPLAN
                                                            ----------------
Address                                                 )   VERED CAPLAN
-----------------------------------                     )
Occupation                                              )
                                                        )
                                                        )
                                                        )
                                                        )

                                      -8-

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