Document:

Subscription
      Agreement

    

    As
      of
      November 9, 2007

    

    To
      the
      Board of Directors of 

    CS
      China
      Acquisition Corp.:

    

    Gentlemen:

    

    The
      undersigned hereby subscribes for and agrees to purchase 1,660,000 warrants
      (“Insider Warrants”), each to purchase one Ordinary Share, at $1.00 per Insider
      Warrant, of CS China Acquisition Corp. (the “Corporation”) for an aggregate
      purchase price of $1,660,000 (“Purchase Price”). The purchase and issuance of
      the Insider Warrants shall occur simultaneously with the consummation of the
      Corporation’s initial public offering of Units, consisting of one Ordinary Share
      and one Public Warrant (“IPO”), which is being underwritten by EarlyBirdCapital,
      Inc. (“EBC”). The Insider Warrants will be sold to the undersigned on a private
      placement basis and not part of the IPO. Except as herein provided, the Insider
      Warrants shall have the same terms as the Public Warrants.

    

    At
      least
      24 hours prior to the effective date of the registration statement filed in
      connection with the IPO (“Registration Statement”), the undersigned shall
      deliver the Purchase Price to Graubard Miller, as escrow agent (“Escrow Agent”),
      to hold in a non-interest bearing account until the Corporation consummates
      the
      IPO. Simultaneously with the consummation of the IPO, the Escrow Agent shall
      deposit the Purchase Price, without interest or deduction, into the trust fund
      (“Trust Fund”) established by the Corporation for the benefit of the
      Corporation’s public shareholders as described in the Corporation’s Registration
      Statement, pursuant to the terms of an Investment Management Trust Agreement
      to
      be entered into between the Corporation and Continental Stock Transfer &
Trust Company. In the event that the IPO is not consummated within 14 days
      of
      the date the Purchase Price is delivered to the Escrow Agent, the Escrow Agent
      shall return the Purchase Price to the undersigned, without interest or
      deduction.

    

    The
      undersigned represents and warrants that he has been advised that the Insider
      Warrants have not been registered under the Securities Act; that he is acquiring
      the Insider Warrants for its account for investment purposes only; that he
      has
      no present intention of selling or otherwise disposing of the Insider Warrants
      in violation of the securities laws of the United States; that he is an
“accredited investor” as defined by Rule 501 of Regulation D promulgated under
      the Securities Act of 1933, as amended (the “Securities Act”); and that he is
      familiar with the proposed business, management, financial condition and affairs
      of the Corporation.

    

    Moreover,
      the undersigned agrees that he shall not sell or transfer the Insider Warrants
      or any underlying securities until after the Corporation consummates a merger,
      capital stock exchange, asset acquisition or other similar business combination
      with an operating business (“Business Combination”) and acknowledges that the
      certificates for such Insider Warrants shall contain a legend indicating such
      restriction on transferability. 

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    

    The
      Corporation hereby acknowledges and agrees that, in the event the Corporation
      calls the Warrants for redemption pursuant to that certain Warrant Agreement
      to
      be entered into by the Corporation and Continental Stock Transfer & Trust
      Company in connection with the Corporation’s IPO, the Insider Warrants may be
      exercised by surrendering such Warrants for that number of Ordinary Shares
      equal
      to the quotient obtained by dividing (x) the product of the number of Ordinary
      Shares underlying the Warrant, multiplied by the difference between the Warrant
      exercise price and the “Fair Market Value” (defined below) by (y) the Fair
      Market Value, so long as the Insider Warrants are still held by the undersigned
      or its affiliates. The “Fair Market Value” shall mean the average reported last
      sale price of the Ordinary Shares for the 10 trading days ending on the third
      trading day prior to the date on which the notice of redemption is sent to
      holders of Warrants.

    

    The
      terms
      of this agreement and the restriction on transfers with respect to the Insider
      Warrants may not be amended without the prior written consent of
      EBC.

     

    
      	 	 	 
	 	Very truly yours,
	 	
            
	 	
              CS
                Capital USA, LLC

            
	 
 	 
 	 
 
	
            	By:  	
            
	 	
              
Name:
	 	
              Title:

            

    

     

    Agreed
      to:

    

    CS
      China
      Acquisition Corp.

    

    
      	 	 	 	 
	By:
	 	 	
            
	
              
                

              

            	 	 	
            
	
              Name:
                

              Title:
                

            	 	 	
            

    

     

    EarlyBirdCapital,
      Inc.

    

    
      	 	 	 	 
	By:
	 	 	
            
	
              
                

              

            	 	 	
            
	
              Name:
                

              Title:
                

            	 	 	
            

    

    

    Graubard
      Miller

    

    
      	 	 	 	 
	By:
	 	 	
            
	
              
                

              

            	 	 	
            
	
              Name:
                

              Title:Unassociated Document

ris

    Exhibit
      10.1

     

    EMPLOYMENT
      AGREEMENT

     

    This
      EMPLOYMENT
      AGREEMENT
      is
      entered into as of October 7,2007 by and between Brainstorm
      Cell Therapeutics Ltd.,
      a
      company incorporated under the laws of the State of Israel and maintaining
      its
      principal place of business at 12 Bazel St. Petach Tikva, Israel (the
“Company”),
      and
      Brainstorm Cell Therapeutics Inc. a company incorporated under the laws of
      the
      State of Deleware and maintaining its principal place of business at 110 East
      59th Street, New York, N.Y (“Brainstorm Inc.” ), and Abraham Efrati Israeli ID
      number 030165989 residing at 5 Beit -El st. Ramat - Gan , Israel (the
“Employee”).

     

     

    WHEREAS The
      Company is engaged, inter
      alia,
      in the
      research, development, manufacturing and marketing of adult stem cell
      therapeutics for neurological diseases; and

     

    WHEREAS
      The
      Company and Brainstorm Inc. desire to engage the Employee as Chief Executive
      Officer (the “CEO” ) and the Employee desires to enter into such employment and
      represents that he has the requisite skill and knowledge to serve as such;
      and

     

    WHEREAS
      The
      parties desire to set forth herein the terms and conditions of the Employee's
      engagement by the Company and Brainstorm Inc., effective as of the date of
      this
      Agreement, as set forth below;

     

     

    NOW
      THEREFORE,
      in
      consideration of the mutual promises contained herein, and intending to be
      legally bound, the parties hereto agree as follows:

     

     

    1.   EMPLOYMENT
      - GENERAL 

    
      
        	
              	
                1.1.

              	
                 Employment.
                  Company and Brainstorm Inc. hereby employ Employee and Employee
                  hereby
                  accepts employment upon the terms and conditions set forth herein.
                  Employee shall commence his employment with the Company and Brainstorm
                  Inc. on October 7 ,2007 

              

      

    

    
      
        	 	 	
                 

              

        	
              	
                1.2.

              	
                The
                  Position.
                  The Employee shall be employed as the Chief Executive Officer (the
                  “Position”)
                  and in such capacity, he shall be subject to the direction and
                  control of
                  the Company’s and Brainstorm Inc.’s Board of Directors. 

              

        	 	 	
                 

              

      

      
        	
              	
                1.3.

              	
                Personal
                  Service Contract.
                  The Parties hereto confirm that this is a personal service contract
                  and
                  that the relationship between the parties hereto shall not be subject
                  to
                  any general or special collective employment agreement or any custom
                  or
                  practice of Company in respect of any of its other employees or
                  contractors. Except as expressly provided in this Agreement, Employee
                  shall not be entitled to any payments or other benefits in respect
                  of his
                  employment upon the termination of his employment with Company
                  or
                  Brainstorm Inc. 

              

      

      
        	 	 	
                 

              

        	
              	
                1.4.

              	
                Special
                  Degree of Personal Trust.
                  Employee acknowledges and agrees that from the perspective of the
                  status,
                  responsibility and terms of employment of Employee, he shall be
                  counted
                  amongst those employees whose functions require a special degree
                  of
                  personal trust, and the conditions and circumstances of whose employment
                  do not facilitate the supervision of their work and rest hours
                  as those
                  expressions are defined in the Hours of Work and Rest Law, 5711-1951
                  and
                  accordingly the restrictions specified in the aforementioned Law
                  and in
                  the Wage Protection Law, 1958 shall not apply to his employment.
                  Employee
                  shall not be entitled to demand or receive, inter alia, payment
                  for
                  overtime, and the amount paid to him as a Salary (as defined below),
                  shall
                  also include full compensation for overtime hours. 

              

      

      

        
          
            
            

          

          
            1

            
              

            

          

          
            
            

          

        

      

    

     

    
      2.     EMPLOYEE’S
        UNDERTAKINGS.
        Employee hereby undertakes as follows: 

       

    

    
      	 	
              2.1.

            	
              Carry
                out of Instructions. To carry out all of the instructions
                related to his employment in accordance with the instructions of
                Management. 

            

    

    
      	 	 	
               

            

      	 	
              2.2.

            	
              Fidelity.
                To perform the duties and assignments imposed upon his in the scope
                of his
                employment with the Company and Brainstorm Inc. with devotion, honesty
                and
                fidelity, subject to the Company’s and Brainstorm Inc.’s policies in
                effect from time to time, and to dedicate to the performance of the
                said
                duties all his know how, qualifications and experience and all the
                time,
                diligence and attention required for the performance thereof efficiently,
                with fidelity and in accordance with the requirements of this Agreement,
                and to use his best endeavors in order to consolidate Company and
                Brainstorm Inc. and to advance the affairs and business of Company
                and
                Brainstorm Inc. and the realization of their respective objectives.
                The
                parties agree that the duties and assignments of Employee’s CEO position
                will require most of Employee’s work time, but that he may spend up to
                four hours a month on other business matters as long as such other
                activity would not constitute a conflict of interest as further set
                forth
                in Section 2.3 or entail any competition with the business of the
                Company
                or Brainstorm Inc. as further set forth in Section 7.1.
                

            

      	 	 	
               

            

    

    
      	 	
              2.3.

            	
              Conflict
                of Interest. Employee declares that he is not presently
                involved, and he undertakes not to become involved in the future,
                for so
                long as he is an employee of Company or Brainstorm Inc., in any
                obligations towards any third party whatsoever which entail any form
                of
                conflict of interest with his employment with Company or Brainstorm
                Inc.

            

    

    
       

       

      3.    COMPENSATION

    

     

    
      	 	
              3.1.

            	
              Salary.
                In consideration for Employee’s obligations under this Agreement, Company
                shall pay Employee a monthly gross salary of 50,000 NIS (the “Salary”).
                

            

    

    
      	 	 	 

      	 	
              3.2.

            	
              Payment.
                The Salary shall be paid to Employee by no later than the 9th of
                the
                calendar month following the calendar month of employment to which
                the
                payment relates. As provided in Section 1.4 above, the Salary includes
                remuneration for working overtime and on days of rest, and Employee
                shall
                not be entitled to any further remuneration or payment whatsoever
                other
                than the Salary and/or benefits set forth herein, unless expressly
                specified in this Agreement. Employee acknowledges that the Salary
                to
                which he is entitled constitutes due consideration for his working
                overtime. The Salary, as specified in Section 3.1 hereto, and it
                alone,
                shall constitute the sole basis for calculating any of Employee’s rights
                under any applicable law, and any other benefits provided under this
                Agreement shall not be deemed as the Salary or any part thereof.
                

            

      	 	 	 

    

    
      
        	 	
                3.3.

              	
                Statutory
                  Deductions. Company shall make the required statutory
                  deductions from the Salary and from any other amount paid and/or
                  benefits
                  granted to Employee by Company under this Agreement, including
                  income tax,
                  social security and healthcare tax, and make the appropriate payments
                  on
                  behalf of Employee to the Israeli Tax Authority, to the Institute
                  of
                  National Insurance and any other relevant authority.
                  

              

      

      
      

       

    

    
      
        
        

      

      
        2

        
          

        

      

      
        
        

      

    

    
      	 	
              3.4.

            	
              Additional
                Benefits. Employee shall be entitled to such additional
                benefits, as provided in Exhibit A.
                

            

    

    
      	 	 	 

      	 	
              3.5.

            	
              Expenses.
                The Company will reimburse Employee for any documented, out-of-pocket
                expenses from time to time properly incurred by Employee in connection
                with his employment by Company, provided that such expenses have
                been
                approved in writing and in advance by Company.

            

      	 	 	 

    

    
      	 	
              3.6.

            	
              Sick
                Leave and Recuperation Pay. Employee shall be entitled to
                sick leave and Recuperation Pay (דמי הבראה) as provided
                by
                law. 

            

    

    
      	 	 	 

      	 	
              3.7.

            	
              Vacation.
                Employee shall be entitled to an annual vacation of 24 days per year
                (based on half time basis), and no less than the number of days required
                by the Annual Vacation Law, 5711-1951 (the “Annual Vacation Law”), and
                such annual vacation shall be increased in accordance with the Annual
                Vacation Law, 5711-1951. Annual vacation may not be accumulated for
                over 2
                years and therefore in the event that Employee accumulates such days
                and
                does not make use of the same or redeem their value, the Company
                shall be
                entitled to redeem them. 

            

      	 	 	
               

            

    

    
      	 	
              3.8.

            	
              Reserve
                Duty. Employee shall continue to receive the Salary (and
                Company shall continue to make contributions to the managers insurance
                policy and the education fund provided for herein) during periods
                of
                military reserve duty. Employee hereby assigns and undertakes to
                pay to
                Company any amounts received from the National Insurance Institute
                as
                compensation for such reserve duty
                service.

            

    

     

    
      
        4.     TERM
          OF AGREEMENT

      

    

    
    

     

    
      	 	
              4.1.

            	
              Term.
                This Agreement shall commence on the date hereof and shall continue
                to be
                in full force and effect unless terminated by either party in accordance
                with this Agreement. 

            

    

    
      	 	 	
               

            

      	 	
              4.2.

            	
              Termination
                by Employee. Employee shall be entitled to terminate this
                Agreement by giving Company a prior written notice as follows (1)
                until
                the first anniversary of his employment ninety (90) days, and (2)
                after
                the first anniversary of his employment 180 days; it being understood
                that
                during such period, Employee shall (subject to the needs of the Company
                determined at the Company’s sole discretion) continue to perform his
                duties for Company and Brainstorm Inc., including the training and
                initiation of his replacement, and, subject to the performance of
                such
                obligations, Company shall make all payments as required hereunder.
                

            

      	 	 	
               

            

    

    
      	 	
              4.3.

            	
              Termination
                by Company. Company shall be entitled to terminate this
                Agreement, at any time, by giving Employee a prior written notice
                as
                follows: (1) until the first anniversary of his employment ninety
                (90)
                days, and (2) after the first anniversary of his employment 180 days.
                In
                such event Employee shall (subject to the needs of the Company determined
                at the Company’s sole discretion) continue to perform his duties for the
                Company and Brainstorm Inc., including the training and initiation
                of his
                replacement, and, subject to the performance of such obligations,
                Company
                shall make all payments as required hereunder. The Company shall
                be
                entitled to terminate the actual employment of Employee at any time
                forthwith, including during the prior notice, and to make a payment
                to
                Employee in lieu of such prior notice. Notwithstanding the foregoing,
                in
                the event that Employee had not completed at least twelve (12) months
                of
                employment prior to such termination - the provisions of the applicable
                law regarding prior notice shall apply.

            

    

     

    
      
        
        

      

      
        3

        
          

        

      

      
        
        

      

    

     

    
      	 	
              4.4.

            	
              Termination
                For Cause. Notwithstanding the foregoing provisions of this
                Section 4, Company shall be entitled to terminate this Agreement
                forthwith, and without prior notice, and Employee shall not be entitled
                to
                any severance pay or other compensation whatsoever, in any of the
                following events: (i) conviction of any felony involving moral turpitude
                or affecting the Company or Brainstorm Inc.; (ii) any refusal to
                carry out
                a directive of the Management of the Company or Brainstorm Inc.,
                or
                disregard of a rule or policy of the Company or Brainstorm Inc. known
                to
                the Employee or contained in a policy and procedure manual provided
                to the
                Employee, which involves the business of the Company and which was
                capable
                of being lawfully performed; (iii) embezzlement of funds of the Company
                or
                Brainstorm Inc. or other breach of fiduciary duty towards the Company;
                (iv) ownership, direct or indirect, of an interest in a person or
                entity
                in competition with the Company or Brainstorm Inc., without the prior
                written permission of the Management of the Company or Brainstorm
                Inc.;
                and (v) disposition of Company’s or Brainstorm Inc.’s confidential
                information contrary to the provisions of the law or this Agreement;
                (vi)
                willful disloyalty and/or deliberate dishonesty; (vii) material breach
                of
                any of the terms of this Agreement; 

            

      	 	 	 

    

    
      
         

        5.    PROPRIETARY
          INFORMATION

         

      

    

    
      	 	
              5.1.

            	
              Proprietary
                Information. The Employee acknowledges and agrees that the
                business of the Company and Brainstorm Inc. and their respective
                affiliates is highly competitive and that in the course of his employment
                with the Company and Brainstorm Inc., he will have access to confidential
                and proprietary information concerning the business and financial
                activities of the Company, Brainstorm Inc. and their respective affiliates
                and information and technology regarding the Company, Brainstorm
                Inc. and
                their respective affiliates’ product research and development, including,
                without limitation, the Company, Brainstorm Inc.’s and their respective
                affiliates’ patents, trade marks, trade secrets, intellectual property,
                banking information, investments, investors, properties, employees,
                marketing plans, customers, trade secrets, and test results, processes,
                data and know-how, improvements, inventions, techniques and products
                (actual or planned). Such information, whether documentary, written,
                oral,
                computer generated, or otherwise shall be deemed to be and referred
                to as
                “Proprietary Information”.

            

      	 	 	 

      	 	 	
              Proprietary
                Information shall be deemed to include any and all preparatory information
                disclosed by or on behalf of the Company or Brainstorm Inc. and
                irrespective of form, but excluding information that (i) was known
                to the
                Employee prior to his association with the Company and can be so
                proven by
                documentary evidence, (ii) shall have appeared in any printed publication
                or patent but only to the extent appeared therein or shall have become
                a
                part of the public knowledge, except as a result of a breach of this
                Agreement or any other obligation to the Company or Brainstorm Inc.
                by the
                Employee or any other employee or third party or the breach of the
                undertakings of the Company or Brainstorm Inc. towards any third
                party or
                (iii) is legally required by any administrative or governmental agency
                to
                be disclosed, provided that any such disclosure shall be made only
                to the
                extent required to fulfill Employee’s legal obligations, and provided
                further that the Employee immediately notifies the Company or Brainstorm
                Inc. of such obligation or requirement, prior to making any disclosure,
                to
                enable the Company or Brainstorm Inc. to contest the requirement
                thereof.

            

    

     

    
      
        
        

      

      
        4

        
          

        

      

      
        
        

      

    

     

    
      	 	
              5.2.

            	
              Nondisclosure.
                Employee agrees and declares that all Proprietary Information, patents
                and
                other rights in connection therewith shall be the sole property of
                the
                Company nad/or Brainstorm Inc. and their respective assignees at
                all
                times. Both during his engagement by the Company and Brainstorm Inc.
                and
                for seven (7) years after its termination Employee will keep in confidence
                and trust all Proprietary Information and the Employee will not use
                or
                disclose any Proprietary Information or anything relating to it without
                the written consent of the Company or Brainstorm Inc., except as
                may be
                necessary in the ordinary course of performing the Employee’s duties
                hereunder and in the best interests of the Company and Brainstorm
                Inc.
                

            

    

    
      	 	 	 

      	 	
              5.3.

            	
              Return
                of Materials. Employee agrees that on or before the
                termination of his employment with the Company or Brainstorm Inc.
                he will
                return to the Company and Brainstorm Inc. all Company and Brainstorm
                Inc.
                property and materials, including but not limited to, (if applicable)
                personal computers, laptops, fax machines, scanners, copiers, cellular
                phones, credit cards and telephone charge cards, manuals, building
                keys
                and passes, courtesy parking passes, diskettes, intangible information
                stored on diskettes, software programs and data compiled with the
                use of
                those programs, software passwords or codes, tangible copies of trade
                secrets and confidential information, sales forecasts, names and
                addresses
                of Company and Brainstorm Inc. customers and potential customers,
                customer
                lists, customer contacts, sales information, sales forecasts, memoranda,
                sales brochures, business or marketing plans, reports, projections,
                and
                any and all other information or property previously or currently
                held or
                used by Employee that is or was related to his employment with the
                Company
                or Brainstorm Inc. (“Company Property”). Employee agrees that in the event
                that he discovers any other Company Property in his possession after
                the
                termination of his employment with the Company he will immediately
                return
                such materials to the Company and Brainstorm
                Inc.

            

      	 	 	 

    

    
      	 	
              5.4.

            	
              Third
                Party Information. Employee recognizes that the Company and
                Brainstorm Inc. received and will receive confidential or proprietary
                information from third parties subject to a duty on the Company’s or
                Brainstorm Inc.’s part to maintain the confidentiality of such information
                and to use it only for certain limited purposes at all times. Both
                during
                his employment and after its termination, the Employee undertakes
                to keep
                and hold all such information in strict confidence and trust. He
                will not
                disclose any of such information without the prior written consent
                of the
                Company or Brainstorm Inc., except as may be necessary to perform
                his
                duties as an employee of the Company or Brainstorm Inc. and consistent
                with the Company’s or Brainstorm Inc.’s agreement with such third party.
                Upon termination of his employment with the Company or Brainstorm
                Inc.,
                Employee shall act with respect to such information as set forth
                in
                Section 5.3, mutatis mutandis.

            

    

    
      	 	 	 

      	 	
              5.5.

            	
              Survival.
                The Employee’s undertakings in this Section 5 shall remain in full force
                and effect after termination of this Agreement.

            

    

      

    
      
        6.    DISCLOSURE
          AND ASSIGNMENT OF INVENTIONS

      

    

    
    

     

    
      	 	
              6.1.

            	
              Contributions.
                The Employee understands that the Company and Brainstorm Inc. is
                engaged
                in a continuous program of research, development, production and
                marketing
                in connection with its business and that, as an essential part of his
                employment with the Company and Brainstorm Inc., he is expected to
                make
                new contributions to and create inventions of value for the Company
                and
                Brainstorm Inc. 

            

    

     

    
      
        
        

      

      
        5

        
          

        

      

      
        
        

      

    

     

    
      	 	
              6.2.

            	
              Obligation
                to Keep the Company Informed. From and after the date he
                first becomes associated with the Company or Brainstorm Inc.; Employee
                undertakes and covenants that he will promptly disclose in confidence
                to
                the Company and Brainstorm Inc. all inventions, improvements, designs,
                original works of authorship, formulas, concepts, techniques, methods,
                systems, processes, compositions of matter, computer software programs,
                databases, mask works, and trade secrets, related to the Company’s or
                Brainstorm Inc.’s business or current or anticipated research and
                development, whether or not patentable, copyrightable or protectable
                as
                trade secrets, that are made or conceived or first reduced to practice
                or
                created by his, either alone or jointly with others during the period
                of
                his employment (“Inventions”). 

            

    

    
      	 	 	 

      	 	
              6.3.

            	
              Ownership.
                The Employee agrees and represents, that all Inventions as defined
                above,
                will be the sole and exclusive property of the Company or of any
                third
                party specified by the Company, and that the Employee shall not be
                entitled to any form of compensation by way of royalties or otherwise,
                with respect to any such Invention, including, without limitation,
                in
                connection with Employee’s obligations under Section 6.4 below.
                

            

      	 	 	 

    

    
      	 	
              6.4.

            	
              Assignment
                of Inventions. The Employee hereby irrevocably transfers and
                assigns and will transfer and assign in the future to the Company,
                or to
                any third party specified by the Company (a) all worldwide patents,
                patent
                applications, copyrights, mask works, trade secrets and other intellectual
                property rights in any Invention; and (b) any and all “Moral Rights” (as
                defined below) that he may have in or with respect to any Invention
                related to the company business. Employee also hereby forever waives
                and
                agrees never to assert any and all Moral Rights he may have in or
                with
                respect to any Invention, even after termination of his work on behalf
                of
                the Company. “Moral Rights” mean any rights of paternity, any right to
                claim authorship of any Invention and all right, title and interest
                worldwide in such Inventions and in all intellectual property rights
                based
                upon such Inventions, including the right to object to any distortion,
                mutilation or other modification of, or other derogatory action in
                relation to any Invention whether or not such would be prejudicial
                to his
                honor or reputation and any similar right, existing under judicial
                or
                statutory law of any country in the world or under any treaty, regardless
                of whether or not such right is denominated or generally referred
                to as a
                “Moral Right”. 

            

      	 	 	 

      	 	 	
              The Employee hereby warrants
                and
                represents that he has no rights of any kind whatsoever in, with
                respect
                to, or in connection with, any of the Proprietary Information, nor
                any
                other intellectual property, currently utilized or planned to be
                utilized
                by the Company or Brainstorm Inc.

            

    

     

    
      	 	
              6.5.

            	
              Assistance
                in Obtaining Patents and other Legal Protections. The
                Employee agrees to assist the Company to obtain for the Company and
                enforce patents, copyrights, mask work rights and other legal protections
                for the Company’s Inventions in any and all countries. Employee will
                execute any documents that the Company may reasonably request for
                use in
                obtaining or enforcing such patents, copyrights, mask work rights,
                trade
                secrets and other legal protections. Employee's obligation under
                this
                Section 6.5 will continue beyond the termination of his employment
                with
                the Company, provided that the Company will compensate him at a reasonable
                rate after such termination for time or expenses actually incurred
                by him
                at the Company’s request in connection with such assistance. The Employee
                hereby irrevocably appoints any executive officer of the Company
                as his
                attorney-in-fact to execute documents on his behalf for this purpose.
                

            

    

     

    
      
        
        

      

      
        6

        
          

        

      

      
        
        

      

    

    

    
      
        7.    NON
          - COMPETITION 

      

    

    
    

     

    
      	 	
              7.1.

            	
              Non-Competition.
                The Employee agrees and undertakes that he will not, so long as he
                is
                employed by the Company or Brainstorm Inc. and for a period of 12
                months
                following termination of his employment for whatever reason, directly
                or
                indirectly as owner, partner, joint venturer, stockholder, employee,
                broker, agent, principal, corporate officer, director, licensor or
                in any
                other capacity whatsoever, engage in, become financially interested
                in, be
                employed by, or have any connection with any business or venture
                that is
                engaged in any activities involving either (i) products which compete,
                directly or indirectly, with the business of the Company or its
                subsidiaries and/or affiliates, products produced or proposed to
                be
                produced by the Company or its subsidiaries or affiliates or (ii)
                information, processes, technology or equipment that competes with
                information, processes, technology or equipment in which the Company
                or
                its subsidiaries or affiliates has a proprietary interest, or that
                competes with products or services offered by the Company, its affiliates
                and/or subsidiaries; provided, however, that the Employee may own
                securities of any corporation which is engaged in such business and
                is
                publicly owned and traded but in an amount not exceeding at any one
                time,
                one percent (1%) of any class of stock or securities of such company,
                so
                long as Employee has no active role in the publicly owned and traded
                company as director, employee, consultant or otherwise.
                

            

    

    
      	 	 	 

      	 	
              7.2.

            	
              Non-Solicitation.
                The Employee agrees and undertakes that during the term of his employment
                with the Company or Brainstorm Inc. and for a period of twelve (12)
                months
                thereafter, the Employee will not directly or indirectly including
                personally or in any business in which it is an officer, director,
                joint
                venturer, partner or shareholder, or
                otherwise:

            

      	 	 	 

    

    
    

    
      	 	
              (i)

            	
              Solicit,
                entice, canvass or approach or endeavor to solicit, canvass or approach
                any person who, to his knowledge, was provided with services by the
                Company or its affiliates or subsidiaries or provided services to
                the
                Company or its affiliates or subsidiaries as a vendor or supplier
                at any
                time during the twelve (12) months immediately prior to the termination
                of
                the Employee’s employment (i) for the purpose of offering services or
                products which directly compete with the business of the Company
                (or its
                subsidiaries or affiliates) or its Proprietary Information, (ii)
                for the
                purpose of interfering with the Company’s relationship with such entity or
                person, or (iii) to cease doing business with Company (or its subsidiaries
                or affiliates), reduce its relationship with Company (or its subsidiaries
                or affiliates) or refrain from establishing or expanding a relationship
                with Company (or subsidiaries or its affiliates) or in any other
                way
                interfere with the Company’s (or its subsidiaries’ or affiliates')
                relationships with its customers, vendors or suppliers;
                or

            

      	 	 	 

    

    
      	 	
              (ii)

            	
              Employ,
                solicit or entice away or endeavor to solicit or entice away from
                the
                Company or its parent or subsidiaries any person employed by the
                Company
                or its parent or subsidiaries any time during the twelve (12) months
                immediately prior to the termination of the Employee’s employment with a
                view to inducing that person to leave such employment and to act
                for
                another employer in the same or a similar
                capacity.

            

    

     

    
      
        
        

      

      
        7

        
          

        

      

      
        
        

      

    

    

    
      	 	
              7.3.

            	
              Severability.
                If any one or more of the terms contained in this Section 7 shall,
                for any
                reason be held to be excessively broad with regard to time, geographic
                scope or activity, the term shall be construed in a manner to enable
                it to
                be enforced to the extent compatible with applicable law.
                

            

    

    

    
      
        8.    MISCELLANEOUS

      

    

    
    

     

    
      	 	
              8.1.

            	
              Governing
                Law. This Agreement shall be governed by and construed and
                enforced in accordance with the laws of the State of Israel without
                reference to conflicts of law principles and sole jurisdiction shall
                be
                granted to the competent courts in Tel-Aviv,
                Israel.

            

    

    
      	 	 	
               

            

      	 	
              8.2.

            	
              Assignments.
                Employee may not assign or transfer any right, claim or obligation
                provided herein. The Company may assign or transfer any right, claim
                or
                obligation provided herein, provided that any right of the Employee
                under
                this Agreement shall not be diminished. 

            

      	 	 	 

    

    
      	 	
              8.3.

            	
              Notices.
                The addresses of the parties for the purposes of this Agreement shall
                be
                as specified in the preamble hereto and/or any other address as notified
                by either party to the other from time to time. All notices and other
                communications required or permitted to be given under this Agreement
                shall be in writing and shall be sent by the notifying party to the
                other
                party via fax, e-mail, registered mail or personal delivery service.
                Notices shall be deemed effective 72 business hours after sending
                same by
                registered mail, postage prepaid, to the other party at the address
                noted
                above, 24 business hours after their authenticated transmission via
                fax,
                or e-mail and immediately upon their personal delivery by courier
                or other
                personal delivery service.

            

    

    
      	 	 	 

      	 	
              8.4.

            	
              Construction.
                Words in the masculine gender shall include the feminine and vice
                versa.

            

      	 	 	 

    

    
      	 	
              8.5.

            	
              Entire
                Agreement. This Agreement constitutes an integrated, written
                contract, expressing the sole and entire agreement between the parties
                with respect to the subject matter hereof and supersedes any and
                all other
                agreements or understandings, whether oral or
                written.

            

    

    
      	 	 	 

      	 	
              8.6.

            	
              Amendments.
                This Agreement may not be altered, modified or amended except by
                a written
                instrument signed by the parties.

            

    

     

    
      
        
        

      

      
        8

        
          

        

      

      
        
        

      

    

     

    
      IN
        WITNESS WHEREOF
        the
        parties have duly executed this Agreement as of the date first above
        written:

       

      

        
          	
                   

                	 	
                  /s/
                    Abraham Efrati

                
	
                  BRAINSTORM
                    CELL THERAPEUTICS LTD.

                	 	
                  EMPLOYEE

                
	By:
                  _/s/
                  Chaim Lebovits__________	 	 
	Name:
                  Chaim
                  Lebovits 	 	
                  Date:
                    February 17, 2008

                

        

      

      Title:
        _President 

      
        Date:
          February 17, 2008

      

       

       

      BRAINSTORM
        CELL THERAPEUTICS INC.

       

       

      By:_
        /s/
        Chaim Lebovits___________

      Name:
        Chaim Lebovits 

      Title:
        President 

      
        Date:
          February 17, 2008

      

       

    

     

    
      
        
        

      

      
        9

        
          

        

      

      
        
        

      

    

     

    
      Exhibit
        A

       

       

    

    
      	 	
              1.

            	
              Manager’s
                Insurance Policy. The Company shall contribute funds on
                behalf of its employees to a Managers Insurance Fund in the name
                of the
                Employee (“Fund”) and disability insurance for loss of ability to work
                (“Disability Insurance”) as specified below.

            

    

    
      	 	 	 

      	 	
              1.1

            	
              The
                Company shall allocate to the Fund, an aggregated amount equal to
                thirteen
                and a third percent (13.33%) in the following portions; five percent
                (5%)
                of each monthly Salary for pension compensation and eight and a third
                percent (8.33%) of each monthly Salary to severance compensation.
                Moreover, the Company will allocate for the purpose of the Disability
                Insurance a maximum premium of 2.5% of Employee’s monthly Salary, as
                provided by the general approval of the Minister of Labor and Social
                Welfare regarding payments by employers to a pension fund and insurance
                fund in lieu of severance pay. The Company shall deduct from Employee’s
                monthly Salary an aggregated amount equal to five percent (5%) of
                Employee’s monthly Salary for the Fund. 

            

      	 	 	 

    

    
      	 	
              1.2

            	
              The
                aforementioned allocations shall be in lieu of the Company’s statutory
                obligation to pay severance pay, if required, under Section 14 of
                the
                Severance Pay Law 5723-1963. 

            

    

    
      	 	 	 

      	 	
              2.
                

            	
              Education
                Fund. The Company shall pay a sum as high as the recognized
                deductible cap by the tax authorities, but in any event no more than
                7.5%
                of the Salary and shall deduct 2.5% from the Salary to be paid on
                behalf
                of Employee toward an education fund. Use of these funds shall be
                in
                accordance with the by-laws of the fund. The Employee hereby grants
                his
                consent to such a deduction provided in this section herein.
                

            

      	 	 	
               

            

    

    
      	 	
              3.

            	
              Unless
                the Company terminates this Agreement for “Cause” (as defined in Section
                4.4 of this Agreement), the amounts deposited in the Manager’s Insurance
                and Education Fund pursuant to Sections 1 and 2 above shall be released
                to
                the Employee upon termination of this Agreement, provided that Employee
                fulfills his obligations pursuant to Section 4.2 and 4.3 of the Agreement
                (training and initiation of his replacement
                etc.).

            

    

    
      	 	 	
               

            

      	 	
              3.
                

            	
              Options.
                The Employee shall be entitled to participate in the 2004 Global
                Share
                Option Plan of Brainstorm Cell Therapeutics Inc. (“BCLI”). The Employee
                shall be granted options to purchase Common Stock of BCLI upon such
                terms
                and conditions set forth by the Board of Directors of BCLI.
                

            

    

    

    
      	 	
              4.

            	
              Cellular
                Phone. The Company shall provide the Employee, at the
                Company's sole cost and expense, a cellular
                phone.

            

      	 	 	
               

            

    

    
      	 	
              5

            	
              Company
                car The Company shall purchase or lease for the Employee
                an
                executive car ( “Lavel 6 “ as defined in Israeli tax law ). All taxes with
                respect to the purchase or lease of the executive car shall be borne
                by
                the Company.

            

    

     

    
      
        
        

      

      
        10

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