Document:

AGMT Management #2 - Interven

EXHIBIT 10.65

 CONSULTING AGREEMENT

THIS AGREEMENT made as of October 1, 2004 (the “Effective Date”)

BETWEEN:

SECURITIES COMPLIANCE INC., (formerly Interven Capital Corporation) a Nevada corporation, having its offices located at 220 South Rock Rd., Ste. 9, Reno, Nevada U.S.A. 89502, (“SCI”),

AND:

MARK SMITH, an individual, of 220 South Rock Rd., Ste. 9, Reno, Nevada U.S.A. 89502,  (“Smith”)

jointly and severally referred to herein as “Consultant”,

AND:

MOVING BYTES INC., a company incorporated under the Canada Business Corporations Act having its offices located at 4340 Redwood Hwy., Ste. F222, San Rafael, California , U.S.A., 94949, (“MBI”)

WITNESSES THAT WHEREAS:

A.

SCI, Smith and MBI entered into a consulting services agreement effective  as of March 1, 2002, (the “Original Agreement”) as amended October 15, 2002 (the “Amended Agreement”); and

B.

The parties wish to enter into this agreement (the “Agreement”) to replace the Original Agreement and the Amended Agreement effective on the date first above written.

NOW THEREFORE, in consideration of the recitals, the following agreements, the payment of One Dollar ($1.00) made by each party to the other, and other good and valuable consideration, the receipt and sufficiency of which is acknowledged by each party, the parties agree as follows:

ARTICLE ONE

SERVICES

Services

1.1

Subject to the terms and conditions herein contained, Smith will serve as Chief Financial Officer of  MBI and will perform services including, but not limited to, management and oversight of MBI’s public, corporate and financial business matters (the “Designated Services”). The parties specifically acknowledge and agree that formal changes of the Designated Services, as contained in this Agreement, will be at the sole discretion of the Board of Directors of MBI, not to include the vote of Smith if he is a member of the Board of Directors of MBI.

Term of Services

1.2

The term of this Agreement will commence on the Effective Date and will be for a period of fifteen (15) months ending on December 31, 2005 (the “Initial Term”). This Agreement will be automatically renewed for additional one year terms unless either Consultant or MBI gives written notice of its intention to terminate this Agreement to the other not less than 90 days prior to the expiration of the then current term of the Agreement, in which event this Agreement will terminate at the expiration of the period in which such notice was timely given.

Performance of Service

1.3

Smith will perform the work and services for MBI in the United States of America and in such other places as MBI may require from time to time. 

1.4

The manner in which services are to be performed and the specific hours to be worked by Smith shall be determined by Smith, provided that Smith shall work as many hours as may be reasonably necessary to fulfil Smith’s obligations under this Agreement.

1.5

Smith’s services shall not be exclusive to MBI with respect to business currently conducted or proposed to be conducted by MBI. Notwithstanding, and without limitation, during the term of this Agreement, nothing shall permit Smith from engaging in any other activity whether for gain, profit or other pecuniary advantage which does not directly compete with MBI including serving as a member of the board of directors of a non-competing company.

ARTICLE TWO

REMUNERATION

Compensation

2.1

During the term of this agreement and any extensions thereof, in consideration for the services provided by Smith, MBI shall pay to SCI:

a.

Twelve Thousand Five Hundred US dollars ($12,500 USD) per month, payable every first day of the month during the term of the Agreement and any renewals thereof ( the “Due Date”), and

b.

Twenty-five Thousand US dollars ($25,000 US dollars) at such time as MBI raises a cumulative minimum gross financing of One Million US dollars ($1,000,000 USD) in equity or equity like or debt or debt like financing subsequent to the Effective Date.

2.2

MBI agrees to pay a monthly payment charge, which will be the lesser of One and One-half percent (1.5%) per month or a monthly charge not to exceed the maximum legal rate, which will be applied to any unpaid balance commencing thirty (30) days after the Due Date.

2.3

During the term of this agreement Smith shall be entitled to similar benefits as are generally available to other employees of MBI and Smith shall be paid Seven Hundred Fifty US dollars ($750 USD) per month for medical insurance coverage for Smith and his dependents which may be maintained by Smith outside of MBI’s standard employee health insurance plans.

2.4

As material inducement to cause Smith to enter into this Agreement, MBI shall issue to Smith Four Million (4,000,000) shares of restricted common stock (the “Shares”) within five (5) business days of the E
ffective Date. The consideration received or to be received by the Corporation for the Shares is hereby deemed adequate and the Shares to be issued shall be considered fully paid and nonassessable at a per share price of $0.0035 USD.

Expenses

2.5

Smith will be reimbursed for all costs, including but not limited to, office and post office box rents, telephone and internet service charges, payroll services costs of SCI for Smith, travel, accommodation, meals and entertainment and other out-of-pocket expenses actually and properly incurred by Smith in connection with the duties hereunder. For all such expenses, Smith will furnish to MBI statements and vouchers.

ARTICLE THREE

SMITH’S COVENANTS

Service

3.1

Subject to Sections 1.3, 1.4 and 1.5 hereto, Smith will devote its time, attention and ability to the business of MBI and will well and faithfully serve MBI and will use its best efforts to promote the interests of MBI.

3.2

Smith agrees to terminate 1,740,000 MBI share purchase options and 1,000,000 MBI share purchase warrants, held in the name of Smith as of the Effective Date, which options and warrants have the  following issue and expiry dates:

Type

Amount

Issue Date

Expiry Date

Option

    22,525

1/25/2000

1/25/2007

Option

  477,465

1/25/2000

1/25/2007

Option

  750,000

3/9/2000

6/30/2008

Option

  250,000

6/26/2000

6/26/2005

Option

  240,000

12/6/2001

12/6/2005

Warrant

1,000,000

2/25/2002

3/1/2007

ARTICLE FOUR

MBI’S COVENANTS

Hold Harmless

4.1

MBI agrees to defend, indemnify and hold harmless Smith, and SCI and its officers, directors, principals, employees and subcontractors, from and against all claims, losses, damages and costs caused by, arising out of, or relating to, services provided under this Agreement, the Original Agreement and the Amended Agreement, and acts or omissions by Smith, both future and past, as an officer and director of MBI, except as to any acts or omissions which Smith knowingly and intentionally has taken or takes in violation of any applicable laws. 

4.2

During the term of this Agreement and any extension thereof MBI shall maintain Directors and Officers insurance coverage in an amount deemed adequate by Smith to cover its obligations under Section 4.1 

ARTICLE FIVE

TERMINATION OF SERVICES

Termination by MBI for Cause or by MBI or Smith on Notice

5.1

Either Consultant or MBI may terminate this Agreement in accordance with Section 1.2 hereto. MBI may terminate this Agreement by vote of its Board of Directors, not including Smith, at any time for Cause (as that term is defined herein). If the Agreement is terminated for Cause or if Consultant terminates this Agreement with or without notice, MBI shall not be obligated to pay SCI amounts set forth under Section 5.2 hereto. 

5.2

If MBI terminates this Agreement due to an Involuntary Termination Without Cause or a Constructive Termination (as those terms are defined herein), SCI Shall be entitled to receive within ten days of the Involuntary Termination Without Cause or a Constructive Termination, a single lump payment equal to the full balance of the amounts due under section 2.1(a) hereto which would have been payable to SCI had Smith been engaged by MBI for the entire Initial Term, and any renewals thereof, payable at the rate of  Twelve Thousand Five Hundred US dollars (US$12,500) per month. In the event that MBI terminates this Agreement under this Section 5.2 SCI will be entitled to no further compensation except as specifically set forth under this Section 5.2 and for services rendered through the effective date of termination.

5.3

“Cause” shall mean (i) conviction of Smith for any felony involving moral turpitude, dishonesty or fraud which materially harms MBI; or (ii) a knowing, intentional and material breach of any agreement between SCI or Smith and MBI including this Agreement (other than as a result of the death or disability of Smith or as result of an action of MBI). Cause shall not include any act or omission that was undertaken or omitted by Smith at the discretion of the Board of Directors, or that he believed in good faith at the time was not illegal after reasonable inquiry; it shall be deemed reasonable and in good faith for Smith to rely on advice of MBI’s legal counsel with respect to legal issues, and MBI’s accountants and auditors  with respect to accounting and auditing issues.

5.5

“Constructive Termination” means that SCI voluntarily terminates this Agreement with MBI after the following are undertaken without Smith’s express written consent: (i) a change in the Designated Services or the assignment to Smith of any continuing duties or responsibilities that result in a material diminution or a material adverse change of his position, status or circumstances or (ii) any material breach by MBI of this Agreement or any other agreement between MBI and SCI or Smith that remains uncured for twenty (20) days after written notice thereof to the Chairman of the Board of Directors or any other two members of MBI’s Board of Directors in the event Smith is then the Chairman of the Board of Directors of MBI; or (iii) after the failure by MBI to obtain the assumption by any successor-in-interest or assignee of MBI of this Agreement or any other material agreement between SCI or Smith and MBI. 

5.6

“Involuntary Termination Without Cause” means removal of Smith as the Chief Financial Officer of MBI other than for Cause.

Return of Property

5.7

Upon any termination of this Agreement, Smith will at once deliver or cause to be delivered to MBI all books, documents, money, securities, and records of Confidential Information or copies thereof belonging to MBI or for which MBI is liable to others, which is in the possession, charge, control or custody of Smith.

Provisions which Operate Following Termination

5.8

Notwithstanding any termination of this Agreement for any reason whatsoever and with or without cause, the provisions of Sections 5.2 hereto of this Agreement and any other provisions of this Agreement necessary to give efficacy thereto will continue in full force and effect following such termination.

ARTICLE SIX

GENERAL

Sections and Headings

6.1

The division of this Agreement into Articles and Sections and the insertion of headings are for the convenience of reference only and will not affect the construction or interpretation of this Agreement.

Benefit of Agreement

6.2

This Agreement will enure to the benefit of and be binding upon the successors and permitted assigns of MBI, SCI and Smith respectively and upon their successors, assigns, heirs, executors, administrators and legal representatives. Consultant may not assign the whole or any part of his  rights hereunder without the prior written consent of MBI.

Entire Agreement

6.3

This Agreement constitutes the entire agreement between the parties with respect to the subject matter hereof and cancels and supersedes any prior understandings and agreements between the parties. There are no representations, warranties, forms, conditions, undertakings or collateral agreements, express, implied or statutory between the parties other than as expressly set forth in this Agreement.

Amendments and Waivers

6.4

No amendment to this Agreement will be valid or binding unless set forth in writing and duly executed by all of the parties hereto.  No waiver of any breach of any provision of this Agreement will be effective or binding unless made in writing and signed by the party purporting to give the same and, unless otherwise provided in the written waiver, will be limited to the specific breach waived.

Severability

6.5

If any provision of this Agreement is determined to be invalid or unenforceable in whole or in part, such invalidity or unenforceability will attach only to such provision or part thereof and the remaining part of such provision and all other provisions hereof will continue in full force and effect.

Legal Fees and Costs

6.6

In the event of any litigation arising from or related to this Agreement, the prevailing party will be entitled to recovery of all reasonable costs incurred, including staff time, court costs, attorney’s fees, expert’s fees and other related expenses.

Notices

6.7

Any demand, notice or other communication (a “Notice”) to be given in connection with this Agreement will be given in writing and may be given by personal delivery or by registered mail addressed to the recipient as follows:

To Consultant:

220 South Rock Rd., Ste. 9

Reno, Nevada, U.S.A. 89502

To the Board of 

Directors of MBI:

4340 Redwood Hwy., Ste. F222

San Rafael, California, USA 94949

or such other address or individual as may be designated by notice by either party to the other. Any Notice given by personal delivery will be deemed to have been given on the day of actual delivery thereof and, if made or given by registered mail, on the fifth day following the deposit thereof in the mail.

Governing Law

6.8

This Agreement shall be deemed to have been made and executed in the State of Nevada and shall be construed in accordance with the laws of Nevada under the jurisdiction of the State of Nevada and the laws of the United States applicable therein. 

Counterparts

6.9

This Agreement may be executed in as many counterparts as may be necessary or by facsimile and each such facsimile or counterpart so executed will be deemed to be an original and such counterparts together will constitute one and the same instrument and notwithstanding the date of execution will be deemed to bear the date as set out on the first page of this Agreement.

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

SECURITIES COMPLIANCE INC.

Mark Smith. President

	Mark M. Smith 

	Moving Bytes Inc.

 

J. Erik Mustad

Director/CEO

Jim Miller 

Director

__________ Smith

___________ Mustad   __________ MillerEMPLOYMENT AGREEMENT

      THIS AGREEMENT is entered into as of November 16, 2004 (the "EFFECTIVE
DATE"), 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 Petach Tikva, Israel (the "COMPANY"), GOLDEN HAND RESOURCES INC., a
company incorporated under the laws of the State of Washington and maintaining
its principal place of business at 36 Derech Beit Lechem, Jerusalem Israel 77002
("GDNH") and Mr. Yoram Drucker, Israeli I.D. number 59795252, residing at 31 Dov
Sadan St., Jerusalem, Israel (the "EXECUTIVE").

WHEREAS: The Company is engaged, inter alia, in the research, development,
         manufacturing and marketing of ADULT STEM CELL THERAPEUTICS FOR
         NEUROLOGICAL DISEASES (the "TECHNOLOGY"); and

WHERAS:  The Company is a wholly owned subsidiary of GDNH; and

WHERAS:  The Company has entered into an agreement with GDNH whereby the Company
         agreed to provide GDNH with certain management and development
         services, including to provide Executive as COO of GDNH; and

WHEREAS: The Company desires to employ the Executive as the Chief Operating
         Officer (the "COO") of the Company on a part time basis and GDNH also
         desires to engage the Executive's services as COO of GDNH; and

WHEREAS  the Executive represents that he has the requisite skill and knowledge
         to serve as the COO of the Company and GDNH and he desires to engage in
         such employment on a part time basis, according to the terms and
         conditions hereinafter set forth.

NOW, THEREFORE, in consideration of the respective agreements of the parties
contained herein, the parties agree as follows:

1.    EMPLOYMENT

      (a)   The Company and GDNH agree to employ the Executive and the Executive
            agrees to be employed by the Company and GDNH on the terms and
            conditions set out in this Agreement.

      (b)   The Executive shall be employed as the COO of the Company and of
            GDNH. The Executive shall perform the duties, undertake the
            responsibilities and exercise the authority customarily performed,
            undertaken and exercised by persons situated in a similar capacity.
            The Executive shall report to the President and CEO of the Company
            and GDNH with respect to his activities, as applicable.

<PAGE>

            All provisions relating to the Company as Executive's employer,
            shall apply, mutatis mutandis, to GDNH.

      (c)   The Company agrees that the Executive may provide consulting
            services and own equity in a limited number of other business
            entities, to be agreed upon in writing between the Company and
            Executive within the first month of the Executive's employment
            hereunder, provided that such activities do not conflict with the
            business and affairs of the Company and/or GDNH; or interfere with
            his ability to perform his duties to the Company and GDNH. Subject
            to the above, Executive shall devote his best efforts, all on a part
            time basis as stipulated herein, to the business and affairs of the
            Company and GDNH.

      (d)   The Executive's position, duties and responsibilities hereunder
            shall be in the nature of management duties that demand a special
            degree of personal loyalty and the terms of Executive's employment
            hereunder shall not permit application to this Agreement of the Law
            of Work Hours and Rest 5711 - 1951. Accordingly, the statutory
            limitations of such law shall not apply to this Agreement. The
            Executive shall not be entitled to additional compensation from the
            Company for working additional hours or working on holidays or
            Sabbaths, as required by the Company.

2.    BASE SALARY

      The Company agrees to pay to the Executive beginning on the Effective Date
      an initial gross salary of $4,000 per month (the "BASE SALARY"). As of six
      (6) months subsequent to the Effective Date, the Base Salary of the
      Executive shall be adjusted to $6,000 per month.

      The Base Salary shall be payable monthly in arrears, in New Israeli
      Shekels ("NIS") according to the representative rate of exchange on day of
      payment, no later than the 10th day of each month.

3.    STOCK OPTIONS

      GDNH hereby undertakes to grant the Executive an option (the "OPTION") in
      accordance with the terms and conditions set forth on APPENDIX 1 attached
      hereto, constituting an integral part hereof.

4.    BONUSES

      Executive shall be entitled to an annual bonus in connection with the
      achievement of milestones and/or objectives as determined by the BOD.

5.    EXECUTIVE BENEFITS

      The Executive shall be entitled to the following benefits:

<PAGE>

      (a)   Sick Leave. The Executive shall be entitled to fully paid sick leave
            pursuant to the Sick Pay Law 5736 - 1976.

      (b)   Vacation. The Executive shall be entitled to an annual vacation of
            14 working days per year. Executive shall be entitled to accumulate
            vacation days and/or redeem their value, at his sole discretion.

      (c)   Manager's Insurance. The Company shall obtain on behalf of the
            Executive and in his name, a manager's insurance policy, a pension
            fund or a combination thereof (the "MANAGER'S INSURANCE POLICY"), as
            determined by the Executive. The Manager's Insurance Policy shall be
            payable as follows: A sum equal to 8.33% of the Executive's Base
            Salary shall be allocated to severance pay; a sum equal to 5% of the
            Executive's Base Salary shall be allocated to pension fund payments,
            provided that the Executive contributes an additional 5% of the
            Executive's Base Salary; and a sum equal to 2.5% of the Executive's
            Base Salary shall be allocated to disability pension payments.

            Contribution of the Company to the Manager's Insurance Policy shall
            be on account of the Company's severance pay obligations.

      (d)   Continuing Education Fund. The Company shall contribute a sum equal
            to 7.5% of the Executive's gross salary toward a continuing
            education fund (the "CONTINUING EDUCATION FUND"), provided that the
            Executive contributes an additional 2.5% of the Executive's gross
            salary to such Continuing Education Fund. Use of the funds in the
            Continuing Education Fund shall be in accordance with its by-laws.

      (e)   Telephone Costs; Cellular Phone. The Company shall reimburse the
            Executive for telephone and cellular telephone expenses related to
            the business of the Company and GDNH.

      (f)   Out of Pocket Expenses. The Company shall pay or reimburse the
            Executive for expenses incurred on behalf of the Company during
            business trips outside Israel in accordance with Company's
            applicable policy. Reimbursement of such expenses shall be made upon
            the presentation by the Executive to the Company of itemized
            accounts or receipts, satisfactory to the Company.

      (g)   Company car. The Company shall purchase or lease for the Executive
            an executive car (of no less than 2L engine). All taxes with respect
            to the purchase or lease of the Executive car shall be borne by the
            Company.

      (h)   Directors and Officers' (D&O) Liability Insurance. Upon signature of
            this agreement, the Company shall obtain on behalf of the Executive
            directors & officers liability insurance with coverage that is
            sufficient to cover Executive's activities hereunder, and shall
            provide the Executive with a written undertaking of the Company and
            of GDNH to indemnify and release the Executive to the full extent
            possible in accordance with the Israeli Companies Law 5759-1999 and
            the applicable Law of the State of Washington, USA.

<PAGE>

            The Company undertakes to maintain said insurance and pay all
            premiums thereof during the term of the Agreement and for a period
            of 5 years following expiration and/or termination of the Agreement
            for any reason whatsoever.

6.    TERMINATION

      (a)   Either party may terminate this Agreement and the employee-employer
            relationship between the Executive and the Company and/or GDNH at
            any time without "CAUSE"(as defined below) upon ninety (90) days
            (the "NOTICE PERIOD") written notice to the other party specifying
            the effective date of termination (the "TERMINATION DATE").
            Notwithstanding the aforesaid, the Company and/or GDNH may terminate
            Executive's employment for Cause (as defined herein below), in which
            event the Notice Period shall be thirty (30) days from the Company's
            written notice with respect to such termination; provided however,
            that the Company and/or GDNH has specified the basis for the
            termination in the written notice delivered to the Executive, and
            has given the Executive at least 15 days of the Notice Period, to
            cure such basis. For the purposes hereof, "Cause" shall mean: (i)
            conviction of Executive of any felony; (ii) embezzlement of funds of
            the Company and/or GDNH by the Executive; or (iii) activity by
            Executive constituting direct competition with the Company and/or
            GDNH, other than as specified in Appendix 1 hereto.

            During the Notice Period the Executive shall be entitled to
            compensation pursuant to Section 2 and to all of the benefits set
            forth in Section5.

      (b)   During the Notice Period, the Executive shall transfer his position
            to his replacement in an orderly and complete manner and shall
            return to the Company all documents, professional literature and
            equipment belonging to the Company, which may be in his possession
            at such time. Notwithstanding the foregoing, the Company and/or GDNH
            may elect to immediately cease Executive's employment under this
            Agreement, provided that the Company and/or GDNH continues to pay
            the compensation pursuant to Section 2 and to all of the benefits
            set forth in Section 5 for the duration of the Notice Period.

      (c)   At the end of the Notice Period, the Company shall automatically
            transfer to the Executive ownership of his Manager's Insurance
            Policy, including severance payments and Continuing Education Fund.
            The Company and Executive agree and acknowledge that in the event
            the Company transfers ownership of Executive's Manager's Insurance
            Policy to the Executive, the severance portion thereof shall
            constitute payment towards any severance pay the Company may be
            required to pay to the Executive pursuant to the Severance Pay Law
            5727-1963, as long as the Insurance Policy contains all payments due
            by law.

<PAGE>

7.    COMPETITIVE ACTIVITY

      During the term of this Agreement and for a period of twelve (12) months
      from the Termination Date of this Agreement, the Executive will not
      directly or indirectly:

      (i)   Carry on or hold an interest in any company, venture, entity or
            other business (other than a minority interest in a publicly traded
            company) which directly competes with the Technology;

      (ii)  Act as a consultant or executive or officer or in any managerial
            capacity in a business directly competing with the Technology;

      (iii) Solicit, 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 subsidiaries at any time during the
            twelve (12) months immediately prior to the Termination Date, for
            the purpose of offering restricted services or products which
            directly compete with the Technology; or

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

8.    OWNERSHIP AND PROTECTION OF INTELLECTUAL PROPERTY AND CONFIDENTIAL
      INFORMATION:

      (a)   All information, ideas, concepts, improvements, discoveries, and
            inventions, whether patentable or not, which are conceived, made,
            developed or acquired by Executive, individually or in conjunction
            with others, during Executive's employment by Company which directly
            relate to the Company's business, Technology, products or services
            and all writings or materials of any type embodying any of such
            items, shall be the sole and exclusive property of Company.

      (b)   Executive acknowledges that the businesses of Company and its
            affiliates are highly competitive and that their strategies,
            methods, books, records, and documents, their technical information
            concerning their Technology, products, equipment, services, and
            processes, procurement procedures and pricing techniques, the names
            of and other information (such as credit and financial data)
            concerning their customers and business affiliates, all comprise
            confidential business information and trade secrets which are
            valuable, special, and unique assets which Company uses in its
            business to obtain a competitive advantage over its competitors (the
            "CONFIDENTIAL INFORMATION"). Executive further acknowledges that
            protection of such Confidential Information against unauthorized
            disclosure and use is of critical importance to Company in
            maintaining its competitive position. Executive hereby agrees that
            Executive will not, at any time during or after his employment by
            Company, make any unauthorized disclosure of any Confidential
            Information of Company, or make any use thereof, except in the
            carrying out of his employment responsibilities hereunder.
            Confidential Information shall not include (i) information in the
            public domain (but only if the same becomes part of the public
            domain through a means other than a disclosure prohibited hereunder)
            or (ii) information which was lawfully in the possession of the
            Executive prior to the Executive's employment by Company. The above
            notwithstanding, a disclosure shall not be unauthorized if (i) it is
            required by law or by a court of competent jurisdiction or (ii) it
            is in connection with any judicial or other legal proceeding in
            which Executive's legal rights and obligations as an Executive under
            this Agreement are at issue; provided, however, that Executive
            shall, to the extent practicable and lawful in any such events, give
            prior notice to Company of her intent to disclose any such
            confidential business information in such context so as to allow
            Company an opportunity (which Executive will not oppose) to obtain
            such protective orders or similar relief with respect thereto as it
            may deem appropriate.

<PAGE>

      (c)   All written materials, records, and other documents made by, or
            coming into the possession of, Executive during the period of
            Executive's employment by Company which contain or disclose
            Confidential Information of Company or its affiliates shall be and
            remain the property of Company or its affiliates, as the case may
            be. Upon termination of Executive's employment by Company, for any
            reason, Executive promptly shall deliver the same, and all copies
            thereof, to Company.

9.    NOTICE

      For the purpose of this Agreement, notices and all other communications
      provided for in the Agreement shall be in writing and shall be deemed to
      have been duly given when personally delivered or sent by registered mail,
      postage prepaid, addressed to the respective addresses set forth below or
      last given by each party to the other, except that notice of change of
      address shall be effective only upon receipt.

      The initial addresses of the parties for purposes of this Agreement shall
      be as set forth in the preamble hereto.

10.   MISCELLANEOUS

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

<PAGE>

      (b)   This Agreement shall be governed by and construed and enforced in
            accordance with the laws of the State of Israel and sole
            jurisdiction shall be granted to the competent courts in Tel-Aviv.

      (c)   The provisions of this Agreement shall be deemed severable and the
            invalidity or unenforceability of any provision shall not affect the
            validity or enforceability of the other provisions hereof.

      (d)   This Agreement constitutes the entire agreement between the parties
            hereto and supersedes all prior agreements, understandings and
            arrangements, oral or written, between the parties hereto with
            respect to the subject matter hereof. No agreement or
            representations, oral or otherwise, express or implied, with respect
            to the subject matter hereof have been made either party which are
            not expressly set forth in this Agreement.

      (e)   This Agreement shall be binding upon and shall inure to the benefit
            of the Company, its successors and assigns, and the Company shall
            require such successor or assign to expressly assume and agree to
            perform this Agreement in the same manner and to the same extent
            that the Company would be required to perform it if no such
            succession or assignment had taken place. The term "SUCCESSORS AND
            ASSIGNS" as used herein shall mean a corporation or other entity
            acquiring all or substantially all the assets and business of the
            Company (including this Agreement) whether by operation of law or
            otherwise.

      (f)   Neither this Agreement nor any right or interest hereunder shall be
            assignable or transferable by the Executive, his beneficiaries or
            legal representatives, except by will or by the laws of descent and
            distribution. This Agreement shall inure to the benefit of and be
            enforceable by the Executive's legal personal representative.

      (g)   The provisions of Section 7 of this Agreement shall survive the
            rescission or termination, for any reason, of this Agreement, and
            shall survive the termination of the Executive's employment with the
            Company.

      (h)   The section headings contained herein are for reference purposes
            only and shall not in any way affect the meaning or interpretation
            of this Agreement.

<PAGE>

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

BRAINSTORM CELL THERAPEUTICS LTD.                    YORAM DRUCKER

 /s/ Yaffa Beck                                        /s/ Yoram Drucker
-------------------------------                      --------------------------

By: Yaffa Beck

Title: President and CEO

 /s/ Yaffa Beck
-------------------------------
GOLDEN HAND RESOURCES, INC.

By: Yaffa Beck

Title: President and CEO

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                                   APPENDIX 1

1. GDNH hereby undertakes to grant the Executive an option (the "OPTION") to
   purchase 685,760 Shares of Common Stock of GDNH (the "OPTION SHARES")
   representing one and one half percent (1.5%) of the issued and outstanding
   share capital of GDNH on the Effective Date, on a fully diluted and as
   converted basis. The Option shall vest and become exercisable in thirty six
   equal monthly installments from the Effective Date (as defined in the
   Agreement) and shall be exercisable by the Executive at any time during a
   period of ten (10) years from the Effective Date (the "OPTION EXPIRATION
   DATE"), but in any case not later than four (4) years after termination of
   the Agreement.

2. The Option shall be granted to Executive pursuant to GDNH's Share Option Plan
   (SOP). The SOP will be made and approved in accordance with Section 102 of
   the Israeli Tax Ordinance, as amended ("SECTION 102"), and shall be
   classified as Section 102 Capital Gains Options.

3. The exercise price per each share underlying the Options shall be equal to
   $0.15. The exercise of all or part of the Options shall be effected at
   Executive's discretion.

4. GDNH hereby agrees to register the shares underling the Options on a Form S-8
   Registration Statement; however, GDNH's obligation to register the shares
   shall not take effect until the one-year anniversary of the grant of the
   option agreement.

5. In the event that the Company terminates Executive's employment without Cause
   (as defined in the Agreement) or in the event that Executive resigns as a
   result of Constructive Discharge (as defined below) or in the event of
   termination of Executive's employment by reason of Disability (as defined
   hereinbelow) or death of the Executive, all of the remaining unvested Options
   shall vest immediately as of the date of the notice of termination, and
   Executive or her legal representative, estate or other person to whom her
   rights are transferred by will or by laws of descent or distribution, shall
   be entitled to exercise the vested Options from said date until the earlier
   of (i) the lapse of four (4) years thereafter, or until the Option Expiration
   Date or Additional Expiration Date, as applicable. Notwithstanding the above,
   in the event of termination of Executive's employment by reason of Disability
   or death of the Executive within two (2)years of the Effective Date, only 67%
   of the remaining unvested Options shall vest immediately as of the date of
   the notice of termination and the Executive or her legal representative,
   estate or other person to whom her rights are transferred by will or by laws
   of descent or distribution, shall be entitled to exercise the vested Options
   as above. The term "Constructive Discharge" shall mean (i) material reduction
   in Executive's compensation; (ii) material reduction in the level, scope of
   job responsibility or status or material change in the position of Executive
   occurring without the consent of Executive; (iii) relocation to an office of
   the Company which is more than sixty (60) kilometers from the office where
   Executive was previously located to which Executive has not agreed; or (iv)
   voluntary termination by Executive as a result of an M&A Transaction or
   within 6 months thereafter. For the purposes hereof, "M&A Transaction" shall
   mean a merger, consolidation, corporate reorganization, or any transaction in
   which all or substantially all of the assets or shares of GDNH and/or the
   Company are sold, leased or transferred to another company or otherwise
   disposed of; and the term "Disability" shall mean a physical or mental
   infirmity which impairs Executive's ability to substantially perform her
   duties under the Agreement and which continues for a period of at least 90
   (ninety) consecutive days.

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6. In the event that the Company terminates Executive's employment for Cause (as
   defined in the Agreement), Executive shall be entitled to exercise the
   Options vested as of the date of the notice of termination until the lapse of
   twelve (12) months thereof, and all Options which are not yet vested on the
   date of such termination shall immediately expire.

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