Document:

Exhibit
      10.2

    THIRD
      AMENDMENT TO EMPLOYMENT AGREEMENT

     

    This
      Third Amendment to Employment Agreement (this “Amendment”)
      is
      made as of this 17 day of July, 2008 by and between MODIGENE INC., a Nevada
      corporation (“Employer”),
      and
      SHAI NOVIK (“Executive”),
      and
      amends that certain Employment Agreement, dated December 14, 2005, between
      Modigene Inc., a Delaware corporation (“Modigene
      DE”),
      and
      Executive, as amended by that certain First Amendment to Employment Agreement,
      dated July 27, 2006 between Modigene DE and Executive (the “First
      Amendment”),
      and
      as amended by that certain Second Amendment to Employment Agreement, dated
      February 29, 2008 between Modigene Inc. and Executive (the “Second
      Amendment”)
      (as
      amended, restated, supplemented or modified from time to time, including
      pursuant to the First Amendment, the “2005
      Agreement”).
      

     

    RECITALS:

     

    A. The
      parties desire to modify certain provisions of the Second Amendment concerning
      the termination of Executive’s employment and Executive’s
      compensation.

     

    B. Pursuant
      to Section 7(b) of the 2005 Agreement, the parties desire to enter into this
      Amendment. 

     

    NOW,
      THEREFORE, in consideration of the mutual covenants herein contained and other
      good and valuable consideration, the receipt and sufficiency of which are hereby
      acknowledged, the parties hereto agree to the following amendments to the Second
      Amendment:

     

    AGREEMENT:

     

    1. Amendment
      to Section 1.
      Section
      1 of the Second Amendment is hereby deleted and replaced with the following
      Sections 1:

     

    “Executive
      shall receive an aggregate annual minimum base salary at the rate of Two Hundred
      and Fifty Thousand Dollars ($250,000) payable in equal monthly installments
      of
      $20,833.33 or otherwise in accordance with the regular payroll schedule of
      Employer (as the same may be increased, “Base
      Salary”).
      Effective June 1, 2008, payments will be in Israeli Shekels (IS) according
      to
      IS-US$ exchange rate of 3.86 IS/US$.”

     

    2. Amendment
      to Section 2.
      Section
      2 of the Second Amendment is hereby deleted and replaced with the following
      Section 2:

     

    “Executive
      shall be eligible to receive an annual cash bonus of up to $85,000, payable
      within 30 days after the end of the fiscal year of Employer, which shall be
      based upon performance criteria established by the Board (“Performance
      Bonus”).
      Payment will be in Israeli Shekels (IS) according to IS-US$ exchange rate of
      3.86 IS/US$.”

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    3. Revised
      Notification under Israeli Law.
      In the
      event that the Base Salary is increased pursuant to Section 3 of the 2005
      Agreement, Employer agrees to deliver to Employee, and both parties agree to
      sign, a revised Notification to Employee of Employment Conditions (in the form
      attached to the 2005 Agreement), reflecting such increase.

     

    4. Effectiveness.
      The
      amendments to the 2005 Agreement contemplated by this Amendment shall be deemed
      effective immediately upon the full execution of this Amendment, without any
      further action required by the parties hereto. 

     

    5. The
      Agreement.
      All
      references in the 2005 Agreement to the term “Agreement” shall be deemed to
      refer to the 2005 Agreement referenced in, and as amended by, the First
      Amendment and as further amended by this Amendment.

     

    6. Amendment
      and 2005 Agreement to be Read Together.
      This
      Amendment amends and is part of the 2005 Agreement, and the 2005 Agreement
      and
      this Amendment shall henceforth be read together and shall constitute the
      Agreement. Except as otherwise set forth herein, the 2005 Agreement shall remain
      in full force and effect.

     

    7. Headings.
      Headings used in this Amendment are for convenience only and shall not affect
      the construction or interpretation of the 2005 Agreement or this
      Amendment.

     

    8. Counterparts.
      This
      Amendment may be executed by facsimile and in one or more counterparts, each
      of
      which shall be deemed an original, and all of which together shall constitute
      one and the same instrument.

     

     

    [The
      Remainder of this Page is Intentionally Left Blank]

     

    
      
        
        

      

      
        2

        
          

        

      

      
        
        

      

    

    IN
      WITNESS WHEREOF, the undersigned have executed this Amendment as of the day
      and
      year first written above.

     

    
      	EMPLOYER:	 	 	EXECUTIVE:
	 	 	 	 	 
	MODIGENE INC.	 	 	 
	 	 	 	 	 
	By: 	             
              	 	 	      
	 	
              Name:

            	   
	 	 	
              Shai
                Novik

            
	 	
              Title:

            	                   
              	 	 	 
	 	
               

            	 	 	 
	 	 	 	 	 
	 	 	 	 	Notice Address:
	 	 	 	 	 
	 	 	 	 	          
	 	 	 	 	      
	 	 	 	 	      

    

     

     

    
      
        
        

      

      
        S-1Exhibit
      10.3

    FIRST
      AMENDMENT TO CONSULTING AGREEMENT

     

    This
      First Amendment to Consulting Agreement (this “Amendment”)
      is
      made as of this 17 day of July, 2008 by and between MODIGENE INC., a Nevada
      corporation (the “Company”),
      and
      Fuad Fares (“Executive”),
      and
      amends that certain Consulting Agreement, dated January 1, 2007, between
      Modigene Inc., a Delaware corporation (“Modigene
      DE”),
      and
      Executive (as amended, restated, supplemented or modified from time to time,
      the
“2007
      Agreement”).
      

     

    RECITALS:
      

     

    A. On
      May
      10, 2007, Modigene DE assigned to the Company, and the Company assumed, all
      obligations of Modigene DE under the 2005 Agreement and the Company thereby
      became the “Company” under the 2005 Agreement.

     

    A. The
      parties desire to modify certain provisions of the 2007 Agreement concerning
      the
      Executive’s compensation.

     

    B. Pursuant
      to Section 11 of the 2007 Agreement, the parties desire to enter into this
      Amendment. 

     

    NOW,
      THEREFORE, in consideration of the mutual covenants herein contained and other
      good and valuable consideration, the receipt and sufficiency of which are hereby
      acknowledged, the parties hereto agree to the following amendments to the 2007
      Agreement:

     

    AGREEMENT:

     

    1. Amendment
      to Section 3.
      Section
      3 of the 2007 Agreement is hereby deleted and replaced with the following
      section:

     

    “Compensation. In
      consideration for any services to be provided under Section ‎2,
      the
      Company shall pay to the Consultant a monthly consulting fee of Two Thousand
      U.S. Dollars ($3,000.00) plus V.A.T (if applicable); payable on the first of
      each month upon providing the Company with an invoice. In addition, the Company
      shall pay the consultant milestone payments in accordance with the successful
      completion of the milestones as determined by the Company, all as detailed
      in
      Schedule A. Payments will be in Israeli Shekels (IS) according to IS-US$
      exchange rate of 3.86 IS/US$.”

     

    2. Effectiveness.
      The
      amendments to the 2007 Agreement contemplated by this Amendment shall be deemed
      effective immediately upon the full execution of this Amendment, without any
      further action required by the parties hereto. 

     

    3. The
      Agreement.
      All
      references in the 2007 Agreement to the term “Agreement” shall be deemed to
      refer to the 2007 Agreement referenced in, and as amended by, this
      Amendment.

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    4. Amendment
      and 2007 Agreement to be Read Together.
      This
      Amendment amends and is part of the 2007 Agreement, and the 2007 Agreement
      and
      this Amendment shall henceforth be read together and shall constitute the
      Agreement. Except as otherwise set forth herein, the 2007 Agreement shall remain
      in full force and effect.

     

    5. Headings.
      Headings used in this Amendment are for convenience only and shall not affect
      the construction or interpretation of the 2007 Agreement or this
      Amendment.

     

    6. Counterparts.
      This
      Amendment may be executed by facsimile and in one or more counterparts, each
      of
      which shall be deemed an original, and all of which together shall constitute
      one and the same instrument.

     

    

     

    [The
      Remainder of this Page is Intentionally Left Blank]

     

    
      
        
        

      

      
        2

        
          

        

      

      
        
        

      

    

    IN
      WITNESS WHEREOF, the undersigned have executed this Amendment as of the day
      and
      year first written above.

     

    
      	COMPANY:	 	 	CONSULTANT:
	 	 	 	 	 
	MODIGENE INC.	 	 	 
	 	 	 	 	 
	 	 	 	 	 
	By:	    
              	 	 	      
	 	
              Name:

            	    
	 	 	
              Fuad
                Fares

            
	 	
              Title:

            	    
	 	 	 
	 	 	 	 	 
	 	 	 	 	
              Notice
                Address:

            
	 	 	 	 	 
	 	 	 	 	    

	 	 	 	 	    

	 	 	 	 	    

    

     

     

    
      
        
        

      

      
        S-1

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00145-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00145-of-00352.parquet"}]]