Document:

Exhibit
        10.5

    

    GENERAL
      RELEASE AGREEMENT

     

    This
      GENERAL
      RELEASE AGREEMENT
      (this
“Agreement”),
      dated
      as of this ___ day of May 2007, is entered into by and among Modigene Inc.,
      formerly known as LDG, Inc., a Nevada corporation (“Seller”), Sandra Conklin
      (“Conklin”), Seamus Duerr (“Duerr”) and Sambrick Communications, Inc.
      (“Sambrick”) (each of Conklin, Duerr and Sambrick are sometimes referred to as a
“Buyer” and collectively as the “Buyers”)), Liaison Design Group, LLC, a North
      Carolina limited liability company (“LLC”), and Modigene Inc., a Delaware
      corporation (“Modigene”). In consideration of the mutual benefits to be derived
      from this Agreement, the covenants and agreements set forth herein, and other
      valuable consideration, the receipt and sufficiency of which are hereby
      acknowledged by the execution and delivery hereof, the parties hereto hereby
      agree as follows:

     

    1. Split-Off
      Agreement.
      This
      Agreement is executed and delivered by LLC pursuant to the requirements of
      Section 7.3 of that certain Split-Off Agreement (the “Split-Off Agreement”) by
      and among Seller, LLC, Buyers and Modigene, as a condition to the closing of
      the
      purchase and sale transaction contemplated thereby (the
“Transaction”).

     

    2. Release
      and Waiver by LLC.
      For
      and
      in consideration of the covenants and promises contained herein and in the
      Split-Off Agreement, the receipt and sufficiency of which are hereby
      acknowledged, LLC, on behalf of itself and its assigns, representatives and
      agents, if any, hereby covenants not to sue and fully, finally and forever
      completely releases Seller and Modigene, along with their respective present
      and
      former officers, directors, stockholders, members, employees, agents, attorneys
      and representatives (collectively, the “Seller Released Parties”), of and from
      any and all claims, actions, obligations, liabilities, demands and/or causes
      of
      action, of whatever kind or character, whether now known or unknown, which
      LLC
      has or might claim to have against the Seller Released Parties for any and
      all
      injuries, harm, damages (actual and punitive), costs, losses, expenses,
      attorneys’ fees and/or liability or other detriment, if any, whenever incurred
      or suffered by LLC arising from, relating to, or in any way connected with,
      any
      fact, event, transaction, action or omission that occurred or failed to occur
      at
      or prior to the closing of the Transaction. 

     

    3. Release
      and Waiver by Buyers.
      For
      and
      in consideration of the covenants and promises contained herein and in the
      Split-Off Agreement, the receipt and sufficiency of which are hereby
      acknowledged, each Buyer hereby covenants not to sue and fully, finally and
      forever completely releases the Seller Released Parties of and from any and
      all
      claims, actions, obligations, liabilities, demands and/or causes of action,
      of
      whatever kind or character, whether now known or unknown, which Buyer has or
      might claim to have against the Seller Released Parties for any and all
      injuries, harm, damages (actual and punitive), costs, losses, expenses,
      attorneys’ fees and/or liability or other detriment, if any, whenever incurred
      or suffered by Buyer arising from, relating to, or in any way connected with,
      any fact, event, transaction, action or omission that occurred or failed to
      occur at or prior to the closing of the Transaction.

     

    
      
         

      

      
        1

        
          

        

      

      
         

      

    

    4. Additional
      Covenants and Agreements.

     

    (a)  Each
      of
      LLC and each Buyer, on the one hand, and Seller and Modigene, on the other
      hand,
      waives and releases the other from any claims that this Agreement was procured
      by fraud or signed under duress or coercion so as to make this Agreement not
      binding. 

     

    (b)  Each
      of
      the parties hereto acknowledges and agrees that the releases set forth herein
      do
      not include any claims the other party hereto may have against such party for
      such party’s failure to comply with or breach of any provision in this Agreement
      or the Split-Off Agreement.

     

    (c)  Notwithstanding
      anything contained herein to the contrary, this Agreement shall not release
      or
      waive, or in any manner affect or void, any party’s rights and obligations under
      the following: 

     

    (i)  the
      Split-Off Agreement; and

     

    (ii)  the
      Agreement of Merger and Plan of Reorganization among Seller, Modigene, and
      Modigene Acquisition Corp, a Delaware corporation and wholly owned subsidiary
      of
      Seller.

     

    5. Modification.
      This
      Agreement cannot be modified orally and can only be modified through a written
      document signed by both parties. 

     

    6. Severability.
      If
      any
      provision contained in this Agreement is determined to be void, illegal or
      unenforceable, in whole or in part, then the other provisions contained herein
      shall remain in full force and effect as if the provision that was determined
      to
      be void, illegal or unenforceable had not been contained herein.

     

    7. Expenses.
      The
      parties hereto agree that each party shall pay its respective costs, including
      attorneys’ fees, if any, associated with this Agreement. 

     

    8. Entire
      Agreement.
      This
      Agreement constitutes the entire understanding and agreement of Seller,
      Modigene, Buyers and LLC, and supersedes prior understandings and agreements,
      if
      any, among or between Seller, Modigene, Buyers and LLC, with respect to the
      subject matter of this Agreement, other than as specifically referenced herein.
      This Agreement does not, however, operate to supersede or extinguish any
      confidentiality, non-solicitation, non-disclosure or non-competition obligations
      owed by LLC to Seller under any prior agreement.

     

    
      
         

      

      
        2

        
          

        

      

      
         

      

    

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

    
      	 	 	 
	 	
              PUBCO: 

               

              MODIGENE
                INC. (f/k/a LDG, Inc.)

            
	 
 	 
 	 
 
	
            	By:  	
            
	 	
              
Name: Peter
              L. Coker
	 	Title: President

    

     

    
      	 	 	 
	 	
              LLC:

               

              LIAISON
                DESIGN GROUP, LLC

            
	 
 	 
 	 
 
	
            	By:  	
            
	 	
              
Name: Sandra
              Conklin
	 	Title  Managing
              Director

      	 	         
              	 
	 	SELLERS:
	 
 	 
 	 
 
	
            	
              
                

              

              Sandra
                Conklin

            
	 	 
	 	 
	 	
              
                

              

              Seamus
                Duerr

            

    

     

    
      	 	 	 
	 	SAMBRICK COMMUNICATIONS,
              INC.
	 
 	 
 	 
 
	
            	By:  	
            
	 	
              
Name: Frank
              Sambrick
	 	Title: President

    

     

    
      	 	 	 
	 	
              MODIGENE:
                

               

              MODIGENE
                INC.

            
	 
 	 
 	 
 
	
            	By:  	
            
	 	
              
Name: Shai
              Novik
	 	
              Title: President

            

    

     

     

    
      
         

      

      
        3Exhibit
      10.6

    CONSULTING
      AGREEMENT

     

    THIS
      CONSULTING AGREEMENT
      (this
“Agreement”)
      is
      made and entered into as of January 1, 2007 (the
      “Effective Date”),
      by and
      between MODIGENE
      INC.,
      a
      Delaware corporation (the “Company”)
      and
      Dr. Abraham Havron (the “Consultant”)
      operating through his privately owned company Operon Consultants, Ltd.
      (“Operon”)
      through which the Consultant services to the Company will be
      rendered.

     

    RECITALS

     

    WHEREAS,
      the
      Company desires the expertise the Consultant can provide in connection with
      the
      business of the Company and in connection with certain scientific areas;
      and

     

    WHEREAS,
      the
      Consultant has agreed to provide his services to the Company on the terms and
      conditions hereinafter set forth; and

     

    WHEREAS,
      the
      parties also desire to terminate certain prior agreements; 

     

    NOW,
      THEREFORE,
      the
      parties hereby agree as follows:

     

    AGREEMENTS

     

    1. Engagement,
      Period of Engagement.

     

    (a) The
      Company offers to engage the Consultant and the Consultant hereby accepts such
      engagement, to provide services to the Company as a consultant for the period
      established under this Section 1
      (the
“Period
      of Engagement”).
      The
      Period of Engagement commences on the Effective Date, and shall end on the
      date
      that is 12 months after the Effective Date. The Period of Engagement may be
      extended for subsequent 12-month periods upon the written agreement of the
      Consultant and the Company.

     

    (b) Notwithstanding
      anything contained herein to the contrary, the Period of Engagement shall end
      upon any termination of this Agreement pursuant to Section 5.

     

    2. Services.
      During
      the Period of Engagement, the Consultant shall provide the following
      services:

     

    (a) Serving
      in the capacity as the Chief Executive Officer of the Company and, together
      with
      the President of the Company, supervising and controlling all of the business,
      affairs and operations of the Company, subject to the direction and control
      of
      the Board of Directors of the Company;

     

    (b) Performing
      all duties incident to the office of Chief Executive Officer of the Company
      and
      such other duties as may be prescribed from time to time by the Board of
      Directors of the Company; 

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    (c) 
      design
      strategic and operational plans for the Company, recruit and supervise
      personnel; and

     

    (d) make
      such
      presentations and reports to the Board of Directors of the Company (the
“Board”)
      as and
      when the Board may request.

     

    (e) All
      services listed in Section 2(b) - (d) will be provided by the Consultant on
      part
      time basis of 3.5 business days per week.

     

    3. Compensation. In
      consideration for any services to be provided under Section 2,
      the
      Company shall pay to the Consultant an annual consulting fee of Eighty Thousand
      U.S. Dollars ($140,000.00) plus V.A.T (if applicable); payable in equal monthly
      installments on the first of each month upon providing the Company with an
      invoice. Payments will be in Israeli Shekels (IS) according to the official
      IS-US$ exchange rate as published by the Bank of Israel on the date of payment
      in (www.bankisrael.gov.il). Consultant shall be eligible to receive an annual
      cash bonus up 25% of the annual consulting fee, as determined by the Board,
      payable within 30 days after the end of the fiscal year of Employer, which
      shall
      be based upon performance criteria established by the Board.

     

    4. Expenses.
      If
      in
      connection with the performance of services hereunder at the request of the
      Company, the Consultant incurs reasonable out-of-pocket costs for expenses
      for
      travel, meals and lodging or other reasonable expenses of a type for which
      other
      providers of professional services to the Company would be reimbursed by the
      Company, the Consultant shall be entitled to reimbursement therefor by the
      Company in accordance with the reasonable standards and procedures established
      by the Company and communicated to the Consultant.

     

    5. Termination
      of Agreement. This
      Agreement and the Period of Engagement established hereunder shall terminate
      immediately upon the occurrence of any of the following events: (i) the
      Consultant’s death; (ii) the Consultant’s material breach of the Consultant’s
      obligations under Section 2
      and
      subsequent failure to substantially cure such breach after notice of such
      breach; (iii) the Consultant’s voluntary termination of this Agreement for any
      reason, upon thirty (30) days written notice to the Company; or (iv) in the
      event of no material breach of the Consultant’s obligations under Section 2 and
      subsequent failure to cure the same, the Company’s voluntary termination of this
      Agreement for any reason, upon thirty (30) days written notice to the
      Consultant. In the event of a termination of this Agreement in accordance with
      clause (iv) of the previous sentence, the Company shall pay to the Consultant
      a
      lump sum equal $40,000. Following the termination of this Agreement, the Company
      shall have no further obligations hereunder, except as specified in the prior
      sentence. The provisions of Sections 6,
      7,
      16 and
      17 shall survive the termination of this Agreement.

     

    6. Nonsolicitation. In
      consideration of the compensation to be paid to the Consultant pursuant to
      Section 3,
      the
      Consultant hereby covenants and agrees that for a period of twelve (12) months
      following the termination of this Agreement for any reason, the Consultant
      will
      not directly or indirectly (including, without limitation, any action by any
      corporation, partnership or other entity for which the Consultant acts as
      officer, employer, or consultant or in which the Consultant directly or
      indirectly holds a shareholder or other ownership position greater than five
      percent (5%)) offer employment to, hire, engage or assist another in offering
      employment to, hiring or engaging (without regard to whether it would be in
      competition with the Company’s business) a person who is or was an employee or
      who performed similar services of or for the Company at any time during the
      then
      preceding twelve (12) month period or undertake any business with or solicit
      the
      business of any person, firm or company who shall have been a customer of the
      Company during the then preceding twelve (12) month period, in any such case
      without the prior written consent of the Company. 

     

    
      
        
        

      

      
        2

        
          

        

      

      
        
        

      

    

     

    7. Confidential
      Information.
      The
      Consultant shall maintain Confidential Information (as defined below) in strict
      confidence and secrecy and shall not at any time, directly or indirectly, use,
      publish, make lists of, communicate, divulge or disclose to any person or
      business entity or use for any purpose any Confidential Information or assist
      any third parties in doing so, except on behalf of and for the benefit of the
      Company. The Consultant agrees, upon demand by the Company, to promptly return
      all Confidential Information (including any copies, extracts thereof or
      materials reflecting any such information) which is in the Consultant’s
      possession.

     

    For
      purposes of this Agreement, “Confidential
      Information”
shall
      include, but not be limited to, materials, records, data or trade secrets
      regarding the assets, condition, business, financial information, business
      affairs, business matters or other matters related to the Company and to its
      direct and indirect subsidiaries and affiliates which the Consultant has
      knowledge of as a result of the Consultant’s services for the Company.
      Confidential Information shall not include information that becomes generally
      available to the public other than as a result of disclosure by the Consultant.
      Nothing in this Agreement modifies or reduces the Consultant’s obligations to
      comply with applicable laws related to trade secrets, confidential information
      or unfair competition.

     

    8. No
      Employment Relationship Created.
      The
      relationship between the Company and the Consultant shall be that of client
      and
      independent contractor. The Company shall not assume, and specifically
      disclaims, any obligations of an employer to an employee which may exist under
      applicable law. The Consultant shall be treated as an independent contractor
      for
      all purposes of federal, state and local income taxes and payroll taxes and
      the
      Company shall report on the appropriate IRS Form 1099 all compensation paid
      to
      the Consultant. The Consultant shall be responsible for payment of all taxes,
      including federal, state and local taxes, arising out of the Consultant’s
      activities in accordance with this Agreement, including by way of illustration,
      but not limitation, federal and state personal income tax and social security
      tax, all as may be required by applicable law or regulation. The Consultant
      shall have the full authority to select the means, manner and method of
      performing the services to be performed under this Agreement. The Consultant
      shall not be considered by reason of the provisions of this Agreement or
      otherwise as being an employee of the Company. The Consultant shall not be
      eligible to participate in any employee benefit plans offered by the Company
      or
      any of its subsidiaries to their respective employees.

     

    9. Successors
      and Assigns.
      This
      Agreement will inure to the benefit of and be binding upon the Consultant,
      the
      Consultant’s legal representatives and testate or intestate distributees, and
      the Company, and its successors and assigns, including, in the case of the
      Company, any successor by merger or consolidation or a statutory receiver or
      any
      other person or firm or corporation to which all or substantially all of the
      respective assets and business of the Company may be sold or otherwise
      transferred. The Consultant may not assign any of his rights under this
      Agreement without the prior written consent of the Company. Except as expressly
      provided herein, nothing in this Agreement shall be construed to give any person
      other than the parties to this Agreement any legal or equitable right, remedy
      or
      claim under or with respect to this Agreement or any provision of this
      Agreement.

     

    
      
        
        

      

      
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    10. Waiver.
      The
      rights and remedies of the parties to this Agreement are cumulative and not
      alternative. Neither the failure nor any delay by any party in exercising any
      right, power or privilege under this Agreement or the documents referred to
      in
      this Agreement will operate as a waiver of such right, power or privilege,
      and
      no single or partial exercise of any such right, power or privilege will
      preclude any other or further exercise of such right, power or privilege or
      the
      exercise of any other right, power or privilege.

     

    11. Modification.
      This
      Agreement may only be amended by a written agreement executed by both
      parties.

     

    12. Notices.
      All
      notices and other communications under this Agreement must be in writing and
      will be deemed to have been duly given if delivered by hand or by nationally
      recognized overnight delivery service (receipt requested) or mailed by certified
      mail (return receipt requested) with first class postage prepaid:

     

    
      	
            	(a)	
              if
                to the Company, to:

            

    

     

    Modigene
      Inc.

    8000
      Towers Crescent Drive

    Suite
      1300

    Vienna,
      Virginia 22182

    Attention:
      President

    

    with
      a
      copy to:

     

    Gretchen
      Anne Trofa, Esq.

    Barack
      Ferrazzano Kirschbaum Perlman & Nagelberg LLP

    333
      W.
      Wacker Drive, Suite 2700

    Chicago,
      Illinois 60606

    

    
      	
            	(b)	
              if
                to Consultant, to:

            

    

     

    _______________

    _______________

    _______________

    

    or
      to
      such other person or place as either party shall furnish to the other in
      writing. Except as otherwise provided herein, all such notices and other
      communications shall be effective: (x) if delivered by hand, when
      delivered; (y) if mailed in the manner provided in this Section, five (5)
      business days after deposit with the United States Postal Service; or
      (z) if delivered by overnight express delivery service, on the next
      business day after deposit with such service.

     

    
      
        
        

      

      
        4

        
          

        

      

      
        
        

      

    

     

    13. Entire
      Agreement.
      This
      Agreement and any documents executed by the parties pursuant to this Agreement
      and referred to herein constitute a complete and exclusive statement of the
      entire understanding and agreement of the parties hereto with respect to their
      subject matter and supersede all other prior agreements and understandings,
      written or oral, relating to such subject matter between the parties.

     

    14. Severability.
      Whenever
      possible, each provision of this Agreement shall be interpreted in such manner
      as to be effective and valid under applicable law, but if any provision of
      this
      Agreement is held to be prohibited by or invalid under applicable law, such
      provision will be ineffective only to the extent of such prohibition or
      invalidity, without invalidating the remainder of such provision or the
      remaining provisions of this Agreement. Without limiting the generality of
      the
      foregoing, if the scope of any provision contained in this Agreement is too
      broad to permit enforcement to its full extent, but may be made enforceable
      by
      limitations thereon, such provision shall be enforced to the maximum extent
      permitted by law, and the Consultant hereby agrees that such scope may be
      judicially modified accordingly.

     

    15. Counterparts.
      This
      Agreement and any amendments hereto may be executed in any number of
      counterparts, each of which shall be deemed an original, but all of which
      together shall constitute one and the same agreement.

     

    16. Termination
      of Prior Agreements.
      The
      parties agree that as of the Effective Date the Consulting Agreement dated
      December 15, 2006 between the Consultant, Operon and Modigene shall terminate
      and no party shall have any rights, liabilities or obligations thereunder,
      except that sections 6,7, 8, and 16 of such agreement shall survive such
      termination. 

     

    IN
      WITNESS WHEREOF, each
      of
      the parties hereto has caused this Agreement to be executed, all as of the
      day
      and year first above written.

    
      	 	 	 	 
	
              MODIGENE
                INC.

            	 	 	 
	 	 	 	 
	
              By:
                

              
                

              

            	 	 	 
	
              Its: 

              
                

              

              
              

            	 	 	
            

    

    
      	 	 	 	 
	
              OPERON
                CONSULTANTS, LTD.

            	 	 	 
	 	 	 	 
	
              By:
                

              
                

              

            	 	 	 
	
              Its: 

              
                

              

              
              

            	 	 	
            
	
            	 	 	 
	
              
                
Dr.
                Abraham Havron

            	 	 	 

    

     

    
      
        
        

      

      
        5

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