Document:

WRITTEN
        CONSENT

      OF
        THE

      BOARD
        OF DIRECTORS

      OF

      MOTIVNATION,
        INC.,

      a
        Nevada Corporation

      

      The
        undersigned, being all of the members of the Board of Directors of MotivNation,
        Inc., a Nevada corporation (the “Corporation”), acting pursuant to authority
        granted by Section 78.315 of the Nevada General Corporation Law, and Section
        4.13 of the Bylaws of the Corporation, do hereby adopt the following resolutions
        by written consent as of February 2, 2006:

       

      RESTRICTED
        STOCK AGREEMENTS

      

      WHEREAS,
        on
        February 2, 2006, the undersigned authorized the issuance of 435,000 shares
        of
        restricted common stock to George Lefevre, and 217,000 restricted shares
        of
        common stock to Jay Isco. (collectively, the “Recipients”), each of whose
        contributions and debt has been recognized by the Corporation (collectively,
        the
“Debt Awards”); 

      

      WHEREAS,
        the
        undersigned have been presented with a proposed Shares for Debt Agreement
        to be
        entered into with the Recipients, in the form of Exhibits
        10.1, and 10.2 attached
        hereto (collectively, the “Agreements”); 

      

      

      WHEREAS,
        the
        undersigned have determined that the terms of the Debt Awards are fair and
        reasonable to the Corporation and its stockholders; 

      

      NOW,
        THEREFORE, BE IT RESOLVED,
        that the
        Debt Awards, and Agreements are hereby ratified and approved in all material
        respects.

      

      [SIGNATURES
        FOLLOW]

      

      
        
           

        

        
           

          
            

          

        

        
           

        

      

      

      This
        Written Consent may be executed in counterparts and with facsimile signatures
        with the effect as if all parties hereto had executed the same document.
        All
        counterparts shall be construed together and shall constitute a single Written
        Consent.

       

      Dated
        as
        of February 2, 2006

    

     

    
      	 	DIRECTORS:
	 	 
	 	
               

               

              
                

                Richard
                  Holt

              

            
	 	 
	 	
               

               

              
                
Mark
                Absher

            
	 	 
	 	
               

               

              
                
David
                Psachie

            
	 	 
	 	
               

               

              
                

              

              George
                Lefevre (Abstained from vote but consent to the action taken without
                a
                meeting.)THIS NOTE HAS NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933 AND MAY NOT
BE SOLD, TRANSFERRED OR ASSIGNED UNLESS SO REGISTERED OR AN EXEMPTION FROM
REGISTRATION UNDER SAID ACT IS AVAILABLE.

                                                                           No. 1

                        BRAINSTORM CELL THERAPEUTICS INC.

              10% Convertible Promissory Note Due February 7, 2007

U.S.$500,000                                                  New York, New York
                                                                February 7, 2007

      BrainStorm Cell Therapeutics Inc., a Washington corporation (the
"Company"), for value received, hereby promises to pay to Vivian Shaltiel , or
registered assigns, the principal sum of U.S. Five Hundred Thousand Dollars
($500,000) plus all accrued but unpaid interest on February 7, 2007 (the
"Maturity Date"). Interest shall be computed on the basis of a 365-day year from
the date hereof on the unpaid balance of such principal amount from time to time
outstanding at the rate of ten percent (10%) per annum, such interest to be due
and payable in full on the Maturity Date.

      This Note shall become immediately due and payable without notice or
demand upon the occurrence at any time of any of the following events of default
(individually, "an Event of Default" and collectively, "Events of Default"):

      1.    default in the payment or performance of this or any other liability
            or obligation of the Maker to the holder, including the payment when
            due of any principal, premium or interest under this Note;

      2.    the liquidation, termination of existence, dissolution, insolvency
            or business failure of the Maker, or the appointment of a receiver
            or custodian for the Maker or any part of its property if such
            appointment is not terminated or dismissed within sixty (60) days;
            or

      3.    the institution by or against the Maker or any indorser or guarantor
            of this Note of any proceedings under the United States Bankruptcy
            Code or any other federal or state bankruptcy, reorganization,
            receivership, insolvency or other similar law affecting the rights
            of creditors generally or the making by the Maker or any indorser or
            guarantor of this Note of a composition or an assignment or trust
            mortgage for the benefit of creditors; or

Upon the occurrence of an Event of Default, the holder shall have then, or at
any time thereafter, all of the rights and remedies afforded by the Uniform
Commercial Code as from time to time in effect in the State of New York or
afforded by other applicable law.

<PAGE>

Every amount overdue under this Note shall bear interest from and after the date
on which such amount first became overdue at an annual rate which is five (5)
percentage points above the rate per year specified in the first paragraph of
this Note. Such interest on overdue amounts under this Note shall be payable on
demand and shall accrue and be compounded monthly until the obligation of the
Maker with respect to the payment of such interest has been discharged (whether
before or after judgment).

In no event shall any interest charged, collected or reserved under this Note
exceed the maximum rate then permitted by applicable law and if any such payment
is paid by the Maker, then such excess sum shall be credited by the holder as a
payment of principal.

All payments by the Maker under this Note shall be made without set-off or
counterclaim and be free and clear and without any deduction or withholding for
any taxes or fees of any nature whatever, unless the obligation to make such
deduction or withholding is imposed by law. The Maker shall pay and save the
holder harmless from all liabilities with respect to or resulting from any delay
or omission to make any such deduction or withholding required by law.

Whenever any amount is paid under this Note, all or part of the amount paid may
be applied to principal, premium or interest in such order and manner as shall
be determined by the holder in its discretion.

No reference in this Note to any guaranty or other document shall impair the
obligation of the Maker, which is absolute and unconditional, to pay all amounts
under this Note strictly in accordance with the terms of this Note.

The Maker agrees to pay on demand all costs of collection, including reasonable
attorneys' fees, incurred by the holder in enforcing the obligations of the
Maker under this Note.

No delay or omission on the part of the holder in exercising any right under
this Note shall operate as a waiver of such right or of any other right of such
holder, nor shall any delay, omission or waiver on any one occasion be deemed a
bar to or waiver of the same or any other right on any future occasion. The
Maker and every indorser or guarantor of this Note regardless of the time, order
or place of signing waives presentment, demand, protest and notices of every
kind and assents to any extension or postponement of the time of payment or any
other indulgence, to any substitution, exchange or release of collateral, and to
the addition or release of any other party or person primarily or secondarily
liable.

      1. Conversion. The holder of this Note has the right, at its option, at
any time and from time to time prior to the close of business on the Maturity
Date to convert all or part of the outstanding principal and interest amount of
this Note into fully-paid and non-assessable shares of Common Stock, $0.00005
par value per share, of the Company ("Common Stock"). The number of shares of
Common Stock that shall be issued upon conversion of this Note shall be
calculated by dividing the amount of outstanding principal and interest that the
holder elects to convert by the average of the Conversion Price. The Conversion
Price shall mean 75% of the average of the last bid and ask price of the Common
Stock as quoted on the Over-the-Counter Bulletin Board or such other exchange
where the Common Stock is quoted or listed for the five trading days ending the
day prior to the Maker's receipt of the holder's written notice of election to
convert. In order to exercise this optional conversion privilege, the holder of
this Note shall surrender this Note to the Company during usual business hours
at the Company's principal executive office, accompanied by written notice in
form satisfactory to the Company that the holder elects to convert the principal
amount of this Note or a portion hereof specified in such notice. Such notice
shall also state the name or names (with address and Social Security number or
federal tax identification number) in which the certificate or certificates for
shares of Common Stock which shall be issuable on such conversion shall be
issued. Notwithstanding the foregoing or anything to the contrary, upon the
occurrence of an Event of Default (unless waived by the holder), the Conversion
Price shall mean 50% of the average of the last bid and ask price of the Common
Stock as quoted on the Over-the-Counter Bulletin Board or such other exchange
where the Common Stock is quoted or listed for the five trading days ending the
day prior to the Maker's receipt of the holder's written notice of election to
convert.

                                      -2-
<PAGE>

      2. Surrender of Note and Delivery of Certificates. When surrendered for
optional or mandatory conversion this Note shall, unless the shares issuable on
conversion are to be issued in the same name as the name in which this Note is
then registered, be duly endorsed by, or accompanied by instruments of transfer
in form satisfactory to the Company duly executed by, the holder or his or its
duly authorized attorney. As promptly as practicable after the surrender of this
Note for conversion and the receipt of the notice specified above (in the case
of optional conversion), the Company shall deliver or cause to be delivered at
its principal executive office to the holder, or on the holder's written order,
a certificate or certificates for the number of full shares issuable upon the
conversion of this Note, or portion hereof, in accordance with the provisions
hereof. Such conversion shall be deemed to have been made at the time this Note
shall have been surrendered for conversion and the notice specified above (in
the case of optional conversion) shall have been received by the Company at its
principal executive office (the "Conversion Date"), and the holder in whose name
any certificate or certificates for shares of Common Stock shall be issuable
upon such conversion shall be deemed to have become on the Conversion Date the
holder of record of the shares represented thereby. If less than the entire
outstanding principal amount of this Note is being converted (in the case of
optional conversion), a new Note shall promptly be delivered to the holder for
the unconverted principal balance and shall be of like tenor as to all terms as
the Note surrendered.

      3. Adjustment of Conversion Price.

      (i) In case the Company shall:

            (A) declare a dividend of Common Stock on its Common Stock,

            (B) subdivide outstanding Common Stock into a larger number of
      shares of Common Stock by reclassification, stock split or otherwise, or

            (C) combine outstanding Common Stock into a smaller number of shares
      of Common Stock by reclassification or otherwise,

                                      -3-
<PAGE>

      then the number of shares of Common Stock issuable upon conversion of this
      Note immediately prior to any such event shall be adjusted proportionately
      so that thereafter the holder of this Note shall be entitled to receive
      upon conversion of this Note the number of shares of Common Stock which
      such holder would have owned after the happening of any of the events
      described above had this Note been converted immediately prior to the
      happening of such event, provided that the Conversion Price shall in no
      event be reduced to less than the par value of the shares issuable upon
      conversion. Such adjustment shall become effective immediately after the
      record date in the case of a dividend and shall become effective
      immediately after the effective date in the case of a subdivision or
      combination.

      (ii) If, prior to the Maturity Date, the Company shall at any time
consolidate or merge with another corporation (other than a merger or
consolidation in which the Company is the surviving corporation), the registered
holder hereof will thereafter be entitled to receive, upon the conversion
hereof, the securities or property to which a holder of the number of shares of
Common Stock then deliverable upon the conversion hereof would have been
entitled upon such consolidation or merger, and the Company shall take such
steps in connection with such consolidation or merger as may be necessary to
ensure that the provisions hereof shall thereafter be applicable, as nearly as
reasonably may be, in relation to any securities or property thereafter
deliverable upon the conversion of this Note.

                                      -4-
<PAGE>

      4. Statement of Adjustment. Whenever the Conversion Price shall be
adjusted as provided in herein, the Company shall provide the holder with a
statement, signed by the Chairman of the Board, the President, any Vice
President, the Treasurer or Secretary of the Company, showing in reasonable
detail the facts requiring such adjustment and the Conversion Price that will be
effective after such adjustment. The Company shall also cause a notice setting
forth any such adjustment to be sent by mail, first class, postage prepaid, to
the record holder of the Note at his or its last known address appearing on the
records of the Maker.

      5. Fractional Shares. No fractional shares of Common Stock shall be
issuable upon conversion of this Note, but a payment in cash will be made in
respect of any fraction of a share which would otherwise be issuable upon the
surrender of this Note, or portion hereof, for conversion. Such payment shall be
based on the Conversion Price.

      6. Accrued Interest. Upon the conversion of this Note, the Company shall
not be required to pay any accrued but unpaid interest on the amount so
converted up to the Conversion Date.

      7. Securities Act of 1933. Upon conversion of this Note, the registered
holder may be required to execute and deliver to the Company an instrument, in
form satisfactory to the Company, representing that the shares issuable upon
conversion hereof are being acquired for investment and not with a view to
distribution within the meaning of the Securities Act of 1933, as amended.

      8. Prepayment of Principal. The principal indebtedness represented by this
Note may be prepaid in whole or in part, with ten (10 days) prior written notice
to the holder of this Note.

      9. Successors and Assigns. This Note, and the obligations and rights of
the Company hereunder, shall be binding upon and inure to the benefit of the
Company, the holder of this Note, and their respective heirs, successors and
assigns.

      10. Recourse. Recourse under this Note shall be to the general unsecured
assets of the Company only and in no event to the officers, directors or
stockholders of the Company.

      11. Changes. Changes in or additions to this Note may be made or
compliance with any term, covenant, agreement, condition or provision set forth
herein may be omitted or waived (either generally or in a particular instance
and either retroactively or prospectively), upon written consent of the Company
and the holder.

      12. Currency. All payments shall be made in such coin or currency of the
United States of America as at the time of payment shall be legal tender therein
for the payment of public and private debts.

      13. Notices. All notices, requests, consents and demands shall be made in
writing and shall be mailed postage prepaid, or delivered by hand, to the
Company or to the holder hereof at their respective addresses set forth below or
to such other address as may be furnished in writing to the other party hereto:

                                      -5-
<PAGE>

                  If to the holder:

                  Vivian Shaltiel
                  P.O.B. 12526
                  Herzelia
                  Israel 46733

                  If to the Company:

                  BrainStorm Cell Therapeutics Inc.
                  1350 Avenue of the Americas
                  New York, New York  10019
                  Attention:  Chief Financial Officer

                  with a copy to:

                  BRL Law Group LLC
                  31 St. James Avenue, Suite 850
                  Boston, MA 02116
                  Attention:  Thomas B. Rosedale
                  Facsimile:  617-399-6930

14. Saturdays, Sundays, Holidays. If any date that may at any time be specified
in this Note as a date for the making of any payment of principal or interest
under this Note shall fall on Saturday, Sunday or on a day which in the New
York, New York shall be a legal holiday, then the date for the making of that
payment shall be the next subsequent day which is not a Saturday, Sunday or
legal holiday.

15. Governing Law. This Note shall be construed and enforced in accordance with,
and the rights of the parties shall be governed by, the laws of the State of New
York.

      IN WITNESS WHEREOF, this Note has been executed and delivered as a sealed
instrument on the date first above written by the duly authorized representative
of the Company.

                                        BRAINSTORM CELL THERAPEUTICS INC.

                                        By: /s/ Yoram Drucker
                                        Title:  Chief Operating Officer

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