Document:

Exhibit 10.8

 

 

EMPLOYMENT AGREEMENT

 

THIS EMPLOYMENT
AGREEMENT (the "Agreement") is made and entered into as of the 10th day of June, 2018 (the "Effective
Date") by and between Cannabics Pharmaceuticals Inc. ("Cannabics"), a Nevada corporation with an
address at #3 Bethesda Metro center 700 Bethesda, MD (the "Company"), and Eyal Barad with an address at
Sdot Yam Israel, Israel (the “Employee”).

 

WHEREAS, the
Company and the Employee wish to state the terms and conditions of the employment of the Employee by the Company;

 

NOW, THEREFORE,
in consideration of the mutual premises, covenants and other agreements contained herein, the parties hereby agree as follows:

 

1.      Position.

 

1.1        The
Employee shall be employed in the position described in Exhibit A attached hereto. In such position, the Employee
shall report and be subject to the direction and control of the Board of Directors of the Company.

 

1.2        The
Company may direct the Employee to perform services through G.R.I.N Ultra Ltd. ("GRIN"), the wholly-owned
Israeli subsidiary of the Company, in which event the Employee will also serve as CEO of GRIN or such other managerial position
in GRIN as may be agreed upon. GRIN is responsible for all of the Employee's compensation and benefits under this Agreement.

 

1.3        The
Employee shall perform his duties diligently, conscientiously, and in furtherance of the best interests of the Company and its
affiliates. The Employee agrees and undertakes to inform the Company immediately after becoming aware of any matter that may in
any way raise a conflict of interest between the Employee and the Company. During his employment by the Company, the Employee
shall not receive any payment, compensation, or benefit from any third party in connection with his employment with the Company.

 

2.       Full-Time
Employment.

 

2.1        The
Employee will be employed on a full-time basis. The Employee shall devote his business time and attention to the business of the
Company and its affiliates, and shall not undertake or accept any other paid or unpaid employment or occupation or engage in any
other business activity that impairs the Employee's ability to perform his duties hereunder or that are competitive with the activities
of the Company. The Employee confirms and declares that his position is one that requires a special measure of personal trust
and loyalty; accordingly, the provisions of the Hours of Work and Rest Law-1951 shall not apply to him, and he shall not be entitled
to any compensation other than the compensation set forth in this Agreement for working more than the maximum number of hours
per week set forth in said law or any other applicable law

 

2.2       Notwithstanding the foregoing,
the Employee shall be permitted to pursue other voluntary, professional, and/or academic activities, in an advisory capacity or
otherwise, provided that they do not impair the Employee's ability to perform his duties hereunder and are not competitive with
the activities of the Company.

 

 

 

 

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3.       Location.

 

The Employee shall perform his duties
hereunder primarily at GRIN's offices in Israel, but he understands and agrees that his position will involve domestic and international
travel.

 

4.       Term.

 

4.1       At-Will
Relationship. The Employee's employment by the Company is an "at will" relationship, and the employment may be terminated
by either party at any time in accordance with Section 4.2 below.

 

4.2       Notice
Period. Either party may terminate the employment relationship hereunder at any time by giving the other party a prior written
notice as set forth in Exhibit A (the "Notice Period"). During the Notice Period, the Employee shall
be paid his full salary and benefits, including bonus, and shall be entitled to all other employment allowances.

 

4.3       End
of Relations. During the Notice Period and unless otherwise determined by the Company in a written notice to the Employee,
the employment relationship hereunder shall remain in full force and effect. The Employee shall be obligated to continue to discharge
and perform all of his duties and obligations with Company, and the Employee shall cooperate with the Company and assist the Company
with the integration into the Company of the person who will assume the Employee's responsibilities.

 

5.       Termination
for Cause. The Company may immediately terminate the employment relationship for Cause, and such termination shall become effective
immediately upon delivery of written notice of the same. ''Cause" shall mean (i) a breach by the Employee of the provisions
of the Confidentiality, Invention Assignment, and Non-Competition Agreement (attached as Exhibit B); or (ii) the Employee's willful
mi conduct, or action of personal dishonesty, bad faith, or breach of trust towards the Company; or (iii) the conviction of the
Employee of a criminal offense involving moral turpitude or and against the Company.

 

6.       Compensation.

 

6.1       Salary.
As compensation for the employment services, the Employee shall be entitled to an aggregate base salary in the amount set forth
in Exhibit A (the "Salary"), to be paid by GRIN. In addition, the Employee shall be entitled to
reimbursement for any and all daily travel costs to which he may be entitled under any appl cable law, collective bargaining agreements
or orders, to the extent any apply. The Employee's Salary and other terms of employment shall be reviewed annually and may be updated
by the Company's management, from time to time, at the Company's discretion. The Salary is to be paid to the Employee no later
than the 7th day of each calendar month immediately following the month for which the Salary is paid, after deduction of applicable
taxes and like payments.

 

6.2        Performance Bonus.Within
thirty (30) days of the signing of the annual financial statements of the Company for each calendar year, the Employee shall be
paid an annual bonus for such year in an amount which is equal to three months Salary, subject to the discretion of the Board
of Directors of the Company. The bonus shall be paid by GRIN.

 

 

 

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6.3       Profit
Participation. The Employee shall be entitled to a profit participation equal to two and one-half percent (2.5%) of the Company's
annual consolidated profits (after tax) above US1,000,000 (one million US Dollars), but no more than the sum equaling 4 times the
annual base salary of Employee.

 

6.4       Withholdings.
Withholdings shall be deducted at source from payments made hereunder to the Employee according to applicable law, including, but
not limited to, Israeli income tax, National Insurance ("Bituach Leumi") and Health Tax ("Mas Briut").
The Employee shall bear any tax imposed in connection with the payments and benefits provided for in this Agreement.

 

7.       Expenses.

 

The Employee shall be entitled to payment
or reimbursement for all reasonable expenses actually incurred or paid by the Employee in the performance of his duties hereunder
after presentation of expense statements or vouchers and such other supporting information and documentation as the Company may
customarily require of its executive officers.

 

8.       Managers Insurance and Social
Benefits.

 

8.1       The
Company shall provide and maintain a managers insurance policy on behalf of the Employee which will be funded by the amounts mandated
by law to be paid by the employer and all employee contributions. The Company will contribute an amount equal to 8.33% of the
Salary towards severance pay (the "Severance Fund"). In addition, the Company will contribute an amount each
month towards a savings/pension fund (the type of fund will be as per the Employee's choosing) in accordance with applicable law,
subject to the Employee's monthly contribution from the Salary (the "Savings Fund"). The Company will also contribute
an amount of up to 2.5% of the Salary toward disability insurance based on the agreements that the Company has with its benefit
plan vendor.

 

8.2       The
Employee's aforementioned contributions (for the Savings Fund) shall be transferred to the above referred plans and funds by the
Company by deducting such amounts from each monthly Salary payment. Notwithstanding anything to the contrary, neither party shall
contribute nor shall the Company deduct from each monthly Salary an amount greater than the maximum amount exempt from tax payment
under applicable laws.

 

8.4       
Section 14 of the Severance Pay Law. The parties hereby agree and acknowledge that all of the payments that the Company
shall make to the abovementioned managers insurance policy shall be instead of any severance be pay to which the Employee or Employee's
successors shall be entitled to receive from the Company with respect to the salary from which these payments were made and the
period during which they were made. Subject to the Company's rights according to law in the event of termination for Cause, in
the event of termination of the employer-employee relationship, including resignation, the Employee shall be entitled to receive
a transfer of ownership of the managers insurance plan to the Employee's name, in the full amount thereof, all in accordance with
Section 14 of the Severance Pay Law 5723-1963. The parties hereby adopt the General Approval of the Minister of Labor and Welfare,
published in the Official Publications Gazette N . 4659 on June 30, 1998, attached hereto as Exhibit B.

 

 

 

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9.       Additional Benefits

 

9.1       Company
Car. At the Employee's option, the Company shall place at the Employee's disposal a Company car (the "Car")
in accordance with the Company's policies and procedures. The leasing cost of the Car will be borne by the Company. The Company
shall bear all the fixed and variable costs and expenses of the Car, including registration and license fees, insurance, maintenance
and repairs, and fuel, but the Company shall not bear costs of any tickets, traffic offense or fines of any kind. The Employee
will bear all taxes associated with the Car, which the Company may withhold at source, if applicable. The Employee shall return
the Car to the Company in good working order upon the termination of the Employee's employment with the Company. For the avoidance
of doubt it is hereby clarified that the Car shall come in lieu of any payment in respect of commuting expenses.

 

9.2       Fuel
Costs Reimbursement. If the Employee does not opt to receive a Car, then the Company will reimburse the Employee for all reasonable
fuel costs actually incurred or paid by the Employee for one car owned by the Employed. The Employee shall bear any and all taxes
applicable to him in connection with the reimbursement of fuel costs, if any, which the Company may withhold at source, if applicable

 

9.3       Employee
Stock Option Plan. It is acknowledged by both parties that the Company does not currently have an Employee Stock Option Plan
(ESOP). At the Company's discretion, if such a plan will be adopted by the Company, the Employee will be included in such a plan.

 

10.       Vacation.

 

The Employee shall be entitled to the number
of vacation days per year as set forth in Exhibit A. The Employee may accumulate unused vacation days each year,
up to a maximum of 10 days (the "Maximum"). The Employee shall be entitled to redeem the unused vacation days
up to the Maximum upon termination of employment.

 

11.      Sick
Leave; Convalescence Pay.

 

The Employee shall be entitled to that
number of days of paid sick leave per year as set forth in Exhibit A (with unused days to be accumulated in accordance
with applicable law), and also to Convalescence Pay ("Dmei Havra'a") pursuant to applicable law.

 

12.       D&O
Insurance and Indemnification

 

12.1       The
Company shall include the Employee within the Company's Directors and Officers Liability Insurance Policy with coverage that is
sufficient to cover the Employee's activities hereunder.

 

12.2       The
Company shall indemnify the Employee in the event he is a party or is threatened to be made a party to any threatened, pending
or completed action, suit or proceeding, whether civil, criminal, administrative or investigative (other than action by or in the
right of the Company) by reason of the fact that he is or was a director, officer, employee or agent of the Company, or is or was
serving at the request of the Company as a director, officer, employee or agent of another corporation, partnership, joint venture,
trust or other enterprise, against expenses (including attorney's fees), judgments, fines and amounts paid in settlement actually
and reasonably incurred by him in connection with such action, suit or proceeding if he acted in good faith and in a manner he
reasonably believed to be in or not opposed to the best interest of the Company and, with respect to any criminal action or proceeding,
had no reasonable cause to believe his conduct w s unlawful. The termination of any action, suit or proceeding by judgment, order,
settlement, conviction or upon a plea of nolo contendere or its equivalent, shall not, of itself, create a presumption that the
Employee did not act in good faith and in a manner which he reasonably believed to be in or not opposed to the best interests of
the Company, and, with respect to any criminal action or proceeding, had reasonable cause to believe that his conduct was unlawful.

 

 

 

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13.       Confidentiality.
Invention Assignment and Non-Competition.

 

As a condition precedent to the entering
into effect of this Agreement, the Employee shall execute a Confidentiality, Invention Assignment, and Non-Competition Agreement.
A copy of the signed agreement is attached hereto as Exhibit C.

 

14.       Miscellaneous

 

14.1       Entire
Agreement. This Agreement, including the exhibits, constitutes the entire understanding and agreement between the parties hereto,
and supersedes any and all prior discussions, agreements and correspondence with regard to the subject matter hereof; provided,
however, that the IP Agreement shall remain in full force and effect.

 

14.2       Amendments.
This Agreement may not be amended, modified or supplemented in any respect, except by a subsequent writing executed by both parties
hereto.

 

14.3       Waiver.
No failure, delay or forbearance of either party in exercising any power or right hereunder shall in any way restrict or
diminish such party's rights and powers under this Agreement or operate as a waiver of any breach or nonperformance by either
party of any terms or conditions hereof.

 

14.4       Severability.
In the event it shall be determined under any applicable law that a certain provision set forth in this Agreement is invalid or
unenforceable, such determination shall not affect the remaining provisions of this Agreement unless the business purpose of this
Agreement is substantially frustrated thereby.

 

15.       Governing
Law. This Agreement shall be governed by and construed in  accordance with the laws of the state of Israel.

 

IN WITNESS WHEREOF the parties have
signed this Agreement as of the date first hereinabove set forth.

 

	Cannabics Pharmaceuticals Inc.	Eyal Barad
	 	 
	/s/ Eyal Ballan                         	/s/ Eyal Barad                    
	By:	Eyal Barad

Title: Director

 

 

 

 

 

 

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Exhibit A

To the Employment Agreement by and between

Cannabics Pharmaceuticals Inc. and
the Employee

 

	Name of Employee:	Eyal Barad
	 	 
	ID No. of Employee:	[xxxxxxxx]
	 	 
	Address of Employee:	Kibbutz Sdot Yam, Israel
	 	 
	Position in the Company:	CEO of the Company
	 	 
	Reporting to:	Board of Directors of the Company
	 	 
	Notice Period:	120 Days
	 	 
	Salary:	Annual Salary of $250,000, paid monthly
	 	 
	Vacation Days per Year:	25 Days
	 	 
	Sick Leave Days per Year:	In accordance with applicable law

 

 

 

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Exhibit C

 

Confidentiality, Inventions Assignment
and Non-Compete Agreement

(the "Agreement")

 

I acknowledge that as a result of my employment, I may develop, receive, or otherwise have access to confidential
or proprietary information, which is of value to Cannabics Pharmaceuticals Inc. (together with any parent, affiliate, or
subsidiary, the "Company"). I therefore agree, as a condition of my employment, as follows:

 

1.       Nondisclosure.

 

1.1       Recognition
of Company's Rights; Nondisclosure. At all times during my employment with the Company and thereafter, I will hold in strictest
confidence and will not disclose, use, lecture upon or publish any of the Company's Proprietary Information (defined below), except
as such disclosure, use or publication may be required in connection with my work for the Company, or unless an officer of the
Company expressly authorizes such in writing or unless such information becomes public knowledge. I will obtain the Company's written
approval before publishing or submitting for publication any material (written, verbal, or otherwise) that relates to my work at
the Company and/or incorporates any Proprietary Information. I hereby assign to the Company, without any further royalty or payment,
any rights I may have or acquire. in such Proprietary Information and recognize that all Proprietary Information shall be the sole
property of the Company and its assigns.

 

1.2       Proprietary
Information. The term "Proprietary Information" shall mean any and all confidential and/or proprietary knowledge,
data or information of the Company. By way of illustration but not limitation, "Proprietary Information" includes (a)
trade sec1ets, inventions, mask works, ideas, processes, formulas, source and object codes, data, lists, programs, other works
of authorship, know-how, improvements, discoveries, developments, designs and techniques (hereinafter collectively referred to
as "Inventions"); and (b) information regarding plans for research, development, new products, marketing and selling,
business plans, budgets and unpublished financial statements, licenses, prices and costs, suppliers and customers; and (c) information
regarding the skills and compensation of other employees of the Company. Notwithstanding the foregoing, it is understood that,
at all such times, I am free to use information which is generally known in the trade or industry, which is not gained as result
of a breach of this Agreement, to whatever extent and in whichever way I wish.

 

1.3       Third
Party Information. I understand, in addition, that the Company has received and in the future will receive from third parties
confidential or proprietary information ("Third Party Information") subject to a duty on the Company's part to maintain
the confidentiality of such information and to use it only for certain limited purposes. During the term of my employment and thereafter,
I will hold Third Party Information in the strictest confidence and will not disclose to anyone (other than Company personnel who
need to know such information in connection with their work for the Company) or use, except in connection with my work for the
Company, Thire Party Information unless expressly authorized by an officer of the Company in writing.

 

1.4       No
Improper Use of Information of Prior Employers and Others. During my employment by the Company, I will not improperly use
or disclose any confidential information or trade secrets, if any, of any former employer or any other person to whom I have
an obligation of confidentiality, and I will not bring onto the premises of the Company any unpublished documents or any
property belonging to any former employer or any other person to whom I have an obligation of confidentiality unless
consented to in writing by that former employer or person.

 

1.5       No
Expectation of Privacy. I recognize and agree that I have no expectation of privacy with respect to the Company's telecommunications,
networking, or information processing systems (including, without limitation, stored computer files, email messages and voice
messages) and that my activity, and any files or messages, on or using any of those systems m y be monitored at any time without
notice.

 

 

 

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2. Assignment of Inventions.

 

1.1       Proprietary Rights. The term "Proprietary Rights"
shall mean:

 

(i)       patents,
whether in the form of utility patents or design patents and all pending applications for such patents;

 

(ii)       trademarks,
trade names, service marks, designs, logos, trade dress, and trade styles, whether or not registered, and all pending applications
for registration of the same;

 

(iii)       copyrights
or copyrightable material, ,including but not limited to books, articles and publications, whether or not registered, and all pending
applications for registration of the same;

 

(iv)       inventions,
research records, trade secrets, confidential information, product designs, engineering specifications and drawings, technical
information, formulae, customer lists, supplier lists and market analyses; 

 

(v)       computer
programs, including, without limitation, computer programs embodied in semiconductor chips or otherwise embodied, and related flow-charts,
programmer notes, updates and data, whether in object or source code form; and

 

(vi)       all
other intellectual property rights throughout the world.

 

1.2       Inventions
Retained and Licensed. I represent that I have assigned to the Company all inventions, original works of authorship, developments,
improvements, and trade secrets which were made by me prior to my employment with the Company (collectively referred to as Prior
Inventions), which belong to me and which relate to the Company's proposed business, products or research and development. I hereby
represent and undertake that none of my previous employers or any entity with whom I was or am engaged, has any rights in the Prior
Inventions.

 

1.3       Assignment
of Inventions. Subject to Sections 2.4 below, I hereby assign and agree to assign in the future (when any such Inventions or
Proprietary Rights are first reduced to practice or first fixed in a tangible medium, as applicable) to the Company all my right,
title and interest in and to any and all Inventions (and all Proprietary Rights with respect thereto) whether or not patentable
or registrable under copyright or similar statutes, made or conceived or reduced Ito practice or learned by me, either alone or
jointly with others, during the period of my employment with the Company. Inventions assigned to the Company, or to a third party
as directed by the Company purrs ant to this Section 2, are hereinafter referred to as "Company Inventions." I will promptly
disclose and describe to the Company all Inventions which I may solely or jointly conceive, develop, or reduce to practice during
the period of my service with the Company (i) which relate to the Company's Entities' business or actual or demonstrably anticipated
research or development, (ii) which are developed in whole or in part on the Company's time or with the use of any of the Company's
equipment, supplies, facilities or trade secret information, or (iii) which result directly or indirectly from any work I performed
for the Company. I agree to assign and do hereby assign to the Company or its designee(s) all my right, title and interest worldwide
in such Company Inventions and in all intellectual property rights based upon such Inventions. Without limitation of any of the
other provisions of this agreement, I irrevocably confirm that the consideration explicitly set forth in my employment agreement
is in lieu of any rights for compensation that may arise in connection with the Company Inventions under applicable law and waive
any right to claim royalties or other consideration with respect to any Company Invention, including under Section 134 of the Israeli
Patent Law - 1967, and hereby waive any rights I may have with respect thereto.

 

 

 

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1.4        Government or Third Party.
I also agree to assign all my right, title and interest in and to any particular Company Invention to any third party, including
without limitation government agency, as directed by the Company.

 

1.5       Works
for Hire. I acknowledge that all original works of authorship which are made by me (solely or jointly with others) within
the scope of my employment and which are protectable by copyright are the property of the Company pursuant to applicable
copyright law.

 

2.6        Assignment or Waiver of Moral
Rights. Any assignment of copyright hereunder (and any ownership of a copyright as a work made for hire) includes all rights
of paternity, integrity, disclosure and withdrawal and any other rights that may be known as or referred to as “moral rights"(collectively
"Moral Rights"). To the extent such Moral Rights cannot be assigned under applicable law and to the extent the following
is allowed by the laws in the various countries where Moral Rights exist, I hereby waive such Moral Rights and consent to any
action of the Company that would violate such Moral Rights in the

absence of such consent.

 

1.7       Enforcement
of Proprietary Rights.

 

2.7.1       I will assist the Company in every proper way to obtain,
and from time to time enforce, any Proprietary Rights relating to Company Inventions in any and all countries. To that end I will
execute, verify and deliver such documents and perform such other acts (including appearances as a witness) as the Company may
reasonably request for use in applying for, obtaining, perfecting, evidencing, sustaining and enforcing such Proprietary Rights
and file assignment thereof. In addition, I will execute, verify and deliver assignments of such Proprietary Rights to the Company
or its designee. My obligation to assist the Company with respect to Proprietary Rights relating to such Company Inventions in
any and all countries shall continue indefinitely beyond the termination of my employment, but the Company shall compensate me
at a reasonable rate after my termination for the time actually spent by me at the Company's request on such assistance.

 

2.7.2       In
the event the Company is unable for any reason, after reasonable effort, to secure my signature on any document needed in
connection with t e actions specified in the preceding paragraph, I hereby irrevocably designate and appoint the Company and
its duly authorized officers and agents as my agent and attorney in fact, which appointment is coupled with an interest, to
act for and in my behalf to execute, verify and file any such documents and to do all other lawfully permitted acts to
further the purposes of the preceding paragraph with the same legal force and effect as if executed by me. I hereby waive and
quit claim to the Company any and all claims, of any nature whatsoever, which I now or may hereafter have for infringement of
any Proprietary Rights assigned hereunder to the Company.

 

3.       Records.

 

I agree to keep and maintain adequate
and current records (in the form of notes, sketches, drawings and in any other form that may be required by the Company) of all
Proprietary Information developed by me and all Inventions made by me during the period of my employment at the Company, which
records shall be available to and remain the sole property of the Company at all times.

 

4.       Competitive
Activities.

 

For purposes of this Section 4, the term
"the Business of the Company" shall mean the research, development, marketing and sale of cannabinoid-based cancer medicine
and diagnostics products and services. During the term of this Agreement and for a period of six (6) months from the effective
date of termination of this Agreement for any reason ("the Termination Date"), I will not directly or indirectly:

 

 

 

 

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(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 Business of the Company, ("a Competing Business") (including, without limitation,
as a shareholder);

 

(ii)       act
as a consultant or employee or officer or in any managerial capacity in a Competing Business or supply in direct competition with
the Company restricted services to any person who, to my knowledge, was provided with services by the Company any time during
the twelve (12) months immediately prior to the Termination Date;

 

(iii)       solicit,
canvass or approach or endeavor or solicit, canvass or approach any person who, to my knowledge, was provided with services by
the Company at any time during the twelve (12) months immediately prior to the Termination Date, for the purpose of offering services
or products which directly compete with the services or products supplied by the Company at the Termination Date; or

 

(iv)        employ, solicit
or entice away or endeavor to solicit or entice away from the Company any person employed by the Company any time during the twelve
(12) months immediately prior 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.

 

5.       No
Conflicting Obligation.

 

I represent that my
performance of all the terms of this Agreement and as an employee of the Company does not and will not breach any agreement to
keep in confidence information acquired by me in confidence or in trust prior to my employment by the Company. I have not entered
into, and I agree I will not enter into, any agreement either written or oral in, conflict herewith.

 

6.       Return
of Company Documents.

 

When I leave the employ of the Company,
I will deliver to the Company any and all drawings, notes, memoranda, specifications, devices, formulas, and documents, together
with all copies thereof, and any other material containing or disclosing any Company Inventions, Third Party Information or Proprietary
Information of the Company.

 

7.       Notification
of New Employer.

 

In the event that I leave the employ of
the Company, I hereby consent to the notification of my new employer of my rights and obligations under this Agreement.

 

8.       General
Provisions.

 

8.1       Severability.
In case any one or more of the provisions contained in this Agreement shall, for any reason, be held to be invalid, illegal or
unenforceable in any respect, such invalidity, illegality or unenforceability shall not affect the other provisions of this Agreement,
and this Agreement shall be construed as if such invalid, illegal or unenforceable provision had never been contained herein. If
moreover, any one or more of the provisions contained in this Agreement shall for any reason be held to be excessively broad as
to duration, geographical scope, activity or subject, it shall be construed by limiting and reducing it, so as to be enforceable
to the extent compatible with the applicable law as it shall then appear.

 

8.2       Successors
and Assigns. This Agreement will be binding upon my heirs, executors, administrators and other legal representatives and will
be for the benefit of the Company, its successors, and its assigns.

 

 

 

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8.3       Survival.
The provisions of this Agreement shall survive the termination of my employment and the assignment of this Agreement by the Company
to any successor in interest or other assignee; provided, however, that the provisions of Section 4 of this Agreement shall remain
in full force and effect only for the period of time detailed therein.

 

8.4       Waiver.
No waiver by the Company of any breach of this Agreement shall be a waiver of any preceding or succeeding breach. No waiver by
the Company of any right under this Agreement shall be construed as a waiver of any other right. The Company shall not be required
to give notice to enforce strict adherence to all terms of this Agreement.

 

8.5       Assignment.
This Agreement may be assigned by the Company. I may not assign or delegate my duties under this Agreement without the Company's
prior written approval.

 

8.6       Entire
Agreement. The obligations pursuant to Sections 1, 2 and 4 of this Agreement shall apply to any time during which I was previously
employed, or am in the future employed, by the Company as a consultant if no other agreement governs nondisclosure and assignment
of inventions during such period. This Agreement is the final, complete and exclusive agreement of the parties with respect to
the subject matter hereof and supersedes and merges all prior discussions or agreements between us with respect to the subject
matter hereof. No modification of or amendment to this Agreement, nor any waiver of any rights under this Agreement, will be effective
unless fil writing and signed by the party to be charged. Any subsequent change or changes in my duties, salary or compensation
will not affect the validity or scope of this Agreement.

 

8.7       Injunction. I agree that it would be difficult to
measure damage to the Company from any breach of mine of the promises set forth in Sections 1, 2, 3 and 4 hereof, and that injury
to the Company from any such breach would be impossible to calculate, and that money damages would therefore be an inadequate remedy
for any such breach. Accordingly, I agree that if I breach any provision of Sections 1, 2, 3 and 4 hereof, the Company will be
entitled, in addition to a l other remedies it may have, to an injunction or other appropriate orders to restrain any such breach
by me without showing or proving any actual damage sustained by the Company.

 

8.8       Governing
Law. This Agreement shall be governed by, and construed in accordance with the laws of the State of Israel, without giving
effect to the rules respecting conflict-of-law.

 

 

I HAVE READ THIS AGREEMENT CAREFULLY AND
UNDERSTAND ITS TERMS.

 

/s/ Eyal Barad                         

Name: Eyal Barad

Date: ______________

 

 

 

 

    	 	12Exhibit 10.9

 

 

EMPLOYMENT AGREEMENT

 

THIS EMPLOYMENT
AGREEMENT (the "Agreement") is made and entered into as of the 10th day of June, 2018 (the
"Effective Date") by and between Cannabics Pharmaceuticals Inc. ("Cannabics"), a Nevada
corporation with an address at #3 Bethesda Metro center 700 Bethesda, MD (the "Company"), and Dr. Eyal
Ballan with an address at Harimon 9, Ramat Hasharon, Israel (the “Employee”).

 

WHEREAS, the
Company and the Employee wish to state the terms and conditions of the employment of the Employee by the Company;

 

NOW, THEREFORE,
in consideration of the mutual premises, covenants and other agreements contained herein, the parties hereby agree as follows:

 

1.      Position.

 

1.1        The
Employee shall be employed in the position described in Exhibit A attached hereto. In such position, the Employee
shall report and be subject to the direction and control of the Chief Executive Officer of the Company.

 

1.2        The
Company may direct the Employee to perform services through G.R.I.N Ultra Ltd. ("GRIN"), the wholly-owned
Israeli subsidiary of the Company, in which event the Employee will also serve as CTO of GRIN or such other managerial position
in GRIN as may be agreed upon. GRIN is responsible for all of the Employee's compensation and benefits under this Agreement.

 

1.3        The
Employee shall perform his duties diligently, conscientiously, and in furtherance of the best interests of the Company and its
affiliates. The Employee agrees and undertakes to inform the Company immediately after becoming aware of any matter that may in
any way raise a conflict of interest between the Employee and the Company. During his employment by the Company, the Employee
shall not receive any payment, compensation, or benefit from any third party in connection with his employment with the Company.

 

2.       Full-Time
Employment.

 

2.1        The
Employee will be employed on a full-time basis. The Employee shall devote his business time and attention to the business of the
Company and its affiliates, and shall not undertake or accept any other paid or unpaid employment or occupation or engage in any
other business activity that impairs the Employee's ability to perform his duties hereunder or that are competitive with the activities
of the Company. The Employee confirms and declares that his position is one that requires a special measure of personal trust
and loyalty; accordingly, the provisions of the Hours of Work and Rest Law-1951 shall not apply to him, and he shall not be entitled
to any compensation other than the compensation set forth in this Agreement for working more than the maximum number of hours
per week set forth in said law or any other applicable law

 

2.2       Notwithstanding the foregoing,
the Employee shall be permitted to pursue other voluntary, professional, and/or academic activities, in an advisory capacity or
otherwise, provided that they do not impair the Employee's ability to perform his duties hereunder and are not competitive with
the activities of the Company.

 

 

 

 

    	 	1	 

     

    

 

3.       Location.

 

The Employee shall perform his duties
hereunder primarily at GRIN's offices in Israel, but he understands and agrees that his position will involve domestic and international
travel.

 

4.       Term.

 

4.1       At-Will
Relationship. The Employee's employment by the Company is an "at will" relationship, and the employment may be terminated
by either party at any time in accordance with Section 4.2 below.

 

4.2       Notice
Period. Either party may terminate the employment relationship hereunder at any time by giving the other party a prior written
notice as set forth in Exhibit A (the "Notice Period"). During the Notice Period, the Employee shall
be paid his full salary and benefits, including bonus, and shall be entitled to all other employment allowances.

 

4.3       End
of Relations. During the Notice Period and unless otherwise determined by the Company in a written notice to the Employee,
the employment relationship hereunder shall remain in full force and effect. The Employee shall be obligated to continue to discharge
and perform all of his duties and obligations with Company, and the Employee shall cooperate with the Company and assist the Company
with the integration into the Company of the person who will assume the Employee's responsibilities.

 

5.       Termination
for Cause. The Company may immediately terminate the employment relationship for Cause, and such termination shall become effective
immediately upon delivery of written notice of the same. ''Cause" shall mean (i) a breach by the Employee of the provisions
of the Confidentiality, Invention Assignment, and Non-Competition Agreement (attached as Exhibit B); or (ii) the Employee's willful
mi conduct, or action of personal dishonesty, bad faith, or breach of trust towards the Company; or (iii) the conviction of the
Employee of a criminal offense involving moral turpitude or and against the Company.

 

6.       Compensation.

 

6.1       Salary.
As compensation for the employment services, the Employee shall be entitled to an aggregate base salary in the amount set forth
in Exhibit A (the "Salary"), to be paid by GRIN. In addition, the Employee shall be entitled to
reimbursement for any and all daily travel costs to which he may be entitled under any appl cable law, collective bargaining agreements
or orders, to the extent any apply. The Employee's Salary and other terms of employment shall be reviewed annually and may be updated
by the Company's management, from time to time, at the Company's discretion. The Salary is to be paid to the Employee no later
than the 7th day of each calendar month immediately following the month for which the Salary is paid, after deduction of applicable
taxes and like payments.

 

6.2        Performance Bonus.Within
thirty (30) days of the signing of the annual financial statements of the Company for each calendar year, the Employee shall be
paid an annual bonus for such year in an amount which is equal to three months Salary, subject to the discretion of the Board
of Directors of the Company. The bonus shall be paid by GRIN.

 

 

 

    	 	2	 

     

    

 

6.3       Profit
Participation. The Employee shall be entitled to a profit participation equal to two and one-half percent (2.5%) of the Company's
annual consolidated profits (after tax) above US1,000,000 (one million US Dollars), but no more than the sum equaling 4 times the
annual base salary of Employee.

 

6.4       Withholdings.
Withholdings shall be deducted at source from payments made hereunder to the Employee according to applicable law, including, but
not limited to, Israeli income tax, National Insurance ("Bituach Leumi") and Health Tax ("Mas Briut").
The Employee shall bear any tax imposed in connection with the payments and benefits provided for in this Agreement.

 

7.       Expenses.

 

The Employee shall be entitled to payment
or reimbursement for all reasonable expenses actually incurred or paid by the Employee in the performance of his duties hereunder
after presentation of expense statements or vouchers and such other supporting information and documentation as the Company may
customarily require of its executive officers.

 

8.       Managers Insurance and Social
Benefits.

 

8.1       The
Company shall provide and maintain a managers insurance policy on behalf of the Employee which will be funded by the amounts mandated
by law to be paid by the employer and all employee contributions. The Company will contribute an amount equal to 8.33% of the
Salary towards severance pay (the "Severance Fund"). In addition, the Company will contribute an amount each
month towards a savings/pension fund (the type of fund will be as per the Employee's choosing) in accordance with applicable law,
subject to the Employee's monthly contribution from the Salary (the "Savings Fund"). The Company will also contribute
an amount of up to 2.5% of the Salary towards disability insurance based on the agreements that the Company has with its benefit
plan vendor.

 

8.2       The
Employee's aforementioned contributions (for the Savings Fund) shall be transferred to the above referred plans and funds by the
Company by deducting such amounts from each monthly Salary payment. Notwithstanding anything to the contrary, neither party shall
contribute nor shall the Company deduct from each monthly Salary an amount greater than the maximum amount exempt from tax payment
under applicable laws.

 

8.4       
Section 14 of the Severance Pay Law. The parties hereby agree and acknowledge that all of the payments that the Company
shall make to the abovementioned managers insurance policy shall be instead of any severance be pay to which the Employee or Employee's
successors shall be entitled to receive from the Company with respect to the salary from which these payments were made and the
period during which they were made. Subject to the Company's rights according to law in the event of termination for Cause, in
the event of termination of the employer-employee relationship, including resignation, the Employee shall be entitled to receive
a transfer of ownership of the managers insurance plan to the Employee's name, in the full amount thereof, all in accordance with
Section 14 of the Severance Pay Law 5723-1963. The parties hereby adopt the General Approval of the Minister of Labor and Welfare,
published in the Official Publications Gazette N . 4659 on June 30, 1998, attached hereto as Exhibit B.

 

 

 

    	 	3	 

     

    

 

9.       Additional Benefits

 

9.1       Company
Car. At the Employee's option, the Company shall place at the Employee's disposal a Company car (the "Car")
in accordance with the Company's policies and procedures. The leasing cost of the Car will be borne by the Company. The Company
shall bear all the fixed and variable costs and expenses of the Car, including registration and license fees, insurance, maintenance
and repairs, and fuel, but the Company shall not bear costs of any tickets, traffic offense or fines of any kind. The Employee
will bear all taxes associated with the Car, which the Company may withhold at source, if applicable. The Employee shall return
the Car to the Company in good working order upon the termination of the Employee's employment with the Company. For the avoidance
of doubt it is hereby clarified that the Car shall come in lieu of any payment in respect of commuting expenses.

 

9.2       Fuel
Costs Reimbursement. If the Employee does not opt to receive a Car, then the Company will reimburse the Employee for all reasonable
fuel costs actually incurred or paid by the Employee for one car owned by the Employed. The Employee shall bear any and all taxes
applicable to him in connection with the reimbursement of fuel costs, if any, which the Company may withhold at source, if applicable

 

9.3       Employee
Stock Option Plan. It is acknowledged by both parties that the Company does not currently have an Employee Stock Option Plan
(ESOP). At the Company's discretion, if such a plan will be adopted by the Company, the Employee will be included in such a plan.

 

10.       Vacation.

 

The Employee shall be entitled to the number
of vacation days per year as set forth in Exhibit A. The Employee may accumulate unused vacation days each year,
up to a maximum of 10 days (the "Maximum"). The Employee shall be entitled to redeem the unused vacation days
up to the Maximum upon termination of employment.

 

11.      Sick
Leave; Convalescence Pay.

 

The Employee shall be entitled to that
number of days of paid sick leave per year as set forth in Exhibit A (with unused days to be accumulated in accordance
with applicable law), and also to Convalescence Pay ("Dmei Havra'a") pursuant to applicable law.

 

12.       D&O
Insurance and Indemnification

 

12.1       The
Company shall include the Employee within the Company's Directors and Officers Liability Insurance Policy with coverage that is
sufficient to cover the Employee's activities hereunder.

 

12.2       The
Company shall indemnify the Employee in the event he is a party or is threatened to be made a party to any threatened, pending
or completed action, suit or proceeding, whether civil, criminal, administrative or investigative (other than action by or in the
right of the Company) by reason of the fact that he is or was a director, officer, employee or agent of the Company, or is or was
serving at the request of the Company as a director, officer, employee or agent of another corporation, partnership, joint venture,
trust or other enterprise, against expenses (including attorney's fees), judgments, fines and amounts paid in settlement actually
and reasonably incurred by him in connection with such action, suit or proceeding if he acted in good faith and in a manner he
reasonably believed to be in or not opposed to the best interest of the Company and, with respect to any criminal action or proceeding,
had no reasonable cause to believe his conduct w s unlawful. The termination of any action, suit or proceeding by judgment, order,
settlement, conviction or upon a plea of nolo contendere or its equivalent, shall not, of itself, create a presumption that the
Employee did not act in good faith and in a manner which he reasonably believed to be in or not opposed to the best interests of
the Company, and, with respect to any criminal action or proceeding, had reasonable cause to believe that his conduct was unlawful.

 

 

 

    	 	4	 

     

    

 

13.       Confidentiality.
Invention Assignment and Non-Competition.

 

As a condition precedent to the entering
into effect of this Agreement, the Employee shall execute a Confidentiality, Invention Assignment, and Non-Competition Agreement.
A copy of the signed agreement is attached hereto as Exhibit C.

 

14.       Miscellaneous

 

14.1       Entire
Agreement. This Agreement, including the exhibits, constitutes the entire understanding and agreement between the parties hereto,
and supersedes any and all prior discussions, agreements and correspondence with regard to the subject matter hereof; provided,
however, that the IP Agreement shall remain in full force and effect.

 

14.2       Amendments.
This Agreement may not be amended, modified or supplemented in any respect, except by a subsequent writing executed by both parties
hereto.

 

14.3       Waiver.
No failure, delay or forbearance of either party in exercising any power or right hereunder shall in any way restrict or
diminish such party's rights and powers under this Agreement or operate as a waiver of any breach or nonperformance by either
party of any terms or conditions hereof.

 

14.4       Severability.
In the event it shall be determined under any applicable law that a certain provision set forth in this Agreement is invalid or
unenforceable, such determination shall not affect the remaining provisions of this Agreement unless the business purpose of this
Agreement is substantially frustrated thereby.

 

15.       Governing
Law. This Agreement shall be governed by and construed in  accordance with the laws of the state of Israel.

 

IN WITNESS WHEREOF the parties have
signed this Agreement as of the date first hereinabove set forth.

 

	Cannabics Pharmaceuticals Inc.	Dr. Eyal Ballan
	 	 
	/s/ Eyal Barad                         	/s/ Eyal Ballan                    
	By: Eyal Barad	Eyal Ballan

Title: CEO

 

 

 

 

 

 

    	 	5	 

     

    

 

Exhibit A

To the Employment Agreement by and between

Cannabics Pharmaceuticals Inc. and
the Employee

 

	Name of Employee:	Dr. Eyal Ballan
	 	 
	ID No. of Employee:	[xxxxxxxx]
	 	 
	Address of Employee:	Harimon 9 Ramat Hasharon, Israel
	 	 
	Position in the Company:	CTO of the Company
	 	 
	Reporting to:	CEO of the Company, Eyal Barad
	 	 
	Notice Period:	120 Days
	 	 
	Salary:	Annual Salary of $250,000, paid monthly
	 	 
	Vacation Days per Year:	25 Days
	 	 
	Sick Leave Days per Year:	In accordance with applicable law

 

 

 

    	 	6	 

     

    

 

 

 

    	 	7	 

     

    

 

 

Exhibit C

 

Confidentiality, Inventions Assignment
and Non-Compete Agreement

(the "Agreement")

 

I acknowledge that as a result of my employment, I may develop, receive, or otherwise have access to confidential
or proprietary information, which is of value to Cannabics Pharmaceuticals Inc. (together with any parent, affiliate, or
subsidiary, the "Company"). I therefore agree, as a condition of my employment, as follows:

 

1.       Nondisclosure.

 

1.1       Recognition
of Company's Rights; Nondisclosure. At all times during my employment with the Company and thereafter, I will hold in strictest
confidence and will not disclose, use, lecture upon or publish any of the Company's Proprietary Information (defined below), except
as such disclosure, use or publication may be required in connection with my work for the Company, or unless an officer of the
Company expressly authorizes such in writing or unless such information becomes public knowledge. I will obtain the Company's written
approval before publishing or submitting for publication any material (written, verbal, or otherwise) that relates to my work at
the Company and/or incorporates any Proprietary Information. I hereby assign to the Company, without any further royalty or payment,
any rights I may have or acquire. in such Proprietary Information and recognize that all Proprietary Information shall be the sole
property of the Company and its assigns.

 

1.2       Proprietary
Information. The term "Proprietary Information" shall mean any and all confidential and/or proprietary knowledge,
data or information of the Company. By way of illustration but not limitation, "Proprietary Information" includes (a)
trade sec1ets, inventions, mask works, ideas, processes, formulas, source and object codes, data, lists, programs, other works
of authorship, know-how, improvements, discoveries, developments, designs and techniques (hereinafter collectively referred to
as "Inventions"); and (b) information regarding plans for research, development, new products, marketing and selling,
business plans, budgets and unpublished financial statements, licenses, prices and costs, suppliers and customers; and (c) information
regarding the skills and compensation of other employees of the Company. Notwithstanding the foregoing, it is understood that,
at all such times, I am free to use information which is generally known in the trade or industry, which is not gained as result
of a breach of this Agreement, to whatever extent and in whichever way I wish.

 

1.3       Third
Party Information. I understand, in addition, that the Company has received and in the future will receive from third parties
confidential or proprietary information ("Third Party Information") subject to a duty on the Company's part to maintain
the confidentiality of such information and to use it only for certain limited purposes. During the term of my employment and thereafter,
I will hold Third Party Information in the strictest confidence and will not disclose to anyone (other than Company personnel who
need to know such information in connection with their work for the Company) or use, except in connection with my work for the
Company, Thire Party Information unless expressly authorized by an officer of the Company in writing.

 

1.4       No
Improper Use of Information of Prior Employers and Others. During my employment by the Company, I will not improperly use
or disclose any confidential information or trade secrets, if any, of any former employer or any other person to whom I have
an obligation of confidentiality, and I will not bring onto the premises of the Company any unpublished documents or any
property belonging to any former employer or any other person to whom I have an obligation of confidentiality unless
consented to in writing by that former employer or person.

 

1.5       No
Expectation of Privacy. I recognize and agree that I have no expectation of privacy with respect to the Company's telecommunications,
networking, or information processing systems (including, without limitation, stored computer files, email messages and voice
messages) and that my activity, and any files or messages, on or using any of those systems m y be monitored at any time without
notice.

 

 

 

    	 	8	 

     

    

 

2. Assignment of Inventions.

 

1.1       Proprietary Rights. The term "Proprietary Rights"
shall mean:

 

(i)       patents,
whether in the form of utility patents or design patents and all pending applications for such patents;

 

(ii)       trademarks,
trade names, service marks, designs, logos, trade dress, and trade styles, whether or not registered, and all pending applications
for registration of the same;

 

(iii)       copyrights
or copyrightable material, ,including but not limited to books, articles and publications, whether or not registered, and all pending
applications for registration of the same;

 

(iv)       inventions,
research records, trade secrets, confidential information, product designs, engineering specifications and drawings, technical
information, formulae, customer lists, supplier lists and market analyses; 

 

(v)       computer
programs, including, without limitation, computer programs embodied in semiconductor chips or otherwise embodied, and related flow-charts,
programmer notes, updates and data, whether in object or source code form; and

 

(vi)       all
other intellectual property rights throughout the world.

 

1.2       Inventions
Retained and Licensed. I represent that I have assigned to the Company all inventions, original works of authorship, developments,
improvements, and trade secrets which were made by me prior to my employment with the Company (collectively referred to as Prior
Inventions), which belong to me and which relate to the Company's proposed business, products or research and development. I hereby
represent and undertake that none of my previous employers or any entity with whom I was or am engaged, has any rights in the Prior
Inventions.

 

1.3       Assignment
of Inventions. Subject to Sections 2.4 below, I hereby assign and agree to assign in the future (when any such Inventions or
Proprietary Rights are first reduced to practice or first fixed in a tangible medium, as applicable) to the Company all my right,
title and interest in and to any and all Inventions (and all Proprietary Rights with respect thereto) whether or not patentable
or registrable under copyright or similar statutes, made or conceived or reduced Ito practice or learned by me, either alone or
jointly with others, during the period of my employment with the Company. Inventions assigned to the Company, or to a third party
as directed by the Company purrs ant to this Section 2, are hereinafter referred to as "Company Inventions." I will promptly
disclose and describe to the Company all Inventions which I may solely or jointly conceive, develop, or reduce to practice during
the period of my service with the Company (i) which relate to the Company's Entities' business or actual or demonstrably anticipated
research or development, (ii) which are developed in whole or in part on the Company's time or with the use of any of the Company's
equipment, supplies, facilities or trade secret information, or (iii) which result directly or indirectly from any work I performed
for the Company. I agree to assign and do hereby assign to the Company or its designee(s) all my right, title and interest worldwide
in such Company Inventions and in all intellectual property rights based upon such Inventions. Without limitation of any of the
other provisions of this agreement, I irrevocably confirm that the consideration explicitly set forth in my employment agreement
is in lieu of any rights for compensation that may arise in connection with the Company Inventions under applicable law and waive
any right to claim royalties or other consideration with respect to any Company Invention, including under Section 134 of the Israeli
Patent Law - 1967, and hereby waive any rights I may have with respect thereto.

 

 

 

    	 	9	 

     

    

 

 

1.4        Government or Third Party.
I also agree to assign all my right, title and interest in and to any particular Company Invention to any third party, including
without limitation government agency, as directed by the Company.

 

1.5       Works
for Hire. I acknowledge that all original works of authorship which are made by me (solely or jointly with others) within
the scope of my employment and which are protectable by copyright are the property of the Company pursuant to applicable
copyright law.

 

2.6        Assignment or Waiver of Moral
Rights. Any assignment of copyright hereunder (and any ownership of a copyright as a work made for hire) includes all rights
of paternity, integrity, disclosure and withdrawal and any other rights that may be known as or referred to as “moral rights"(collectively
"Moral Rights"). To the extent such Moral Rights cannot be assigned under applicable law and to the extent the following
is allowed by the laws in the various countries where Moral Rights exist, I hereby waive such Moral Rights and consent to any
action of the Company that would violate such Moral Rights in the

absence of such consent.

 

1.7       Enforcement
of Proprietary Rights.

 

2.7.1       I will assist the Company in every proper way to obtain,
and from time to time enforce, any Proprietary Rights relating to Company Inventions in any and all countries. To that end I will
execute, verify and deliver such documents and perform such other acts (including appearances as a witness) as the Company may
reasonably request for use in applying for, obtaining, perfecting, evidencing, sustaining and enforcing such Proprietary Rights
and file assignment thereof. In addition, I will execute, verify and deliver assignments of such Proprietary Rights to the Company
or its designee. My obligation to assist the Company with respect to Proprietary Rights relating to such Company Inventions in
any and all countries shall continue indefinitely beyond the termination of my employment, but the Company shall compensate me
at a reasonable rate after my termination for the time actually spent by me at the Company's request on such assistance.

 

2.7.2       In
the event the Company is unable for any reason, after reasonable effort, to secure my signature on any document needed in
connection with t e actions specified in the preceding paragraph, I hereby irrevocably designate and appoint the Company and
its duly authorized officers and agents as my agent and attorney in fact, which appointment is coupled with an interest, to
act for and in my behalf to execute, verify and file any such documents and to do all other lawfully permitted acts to
further the purposes of the preceding paragraph with the same legal force and effect as if executed by me. I hereby waive and
quit claim to the Company any and all claims, of any nature whatsoever, which I now or may hereafter have for infringement of
any Proprietary Rights assigned hereunder to the Company.

 

3.       Records.

 

I agree to keep and maintain adequate
and current records (in the form of notes, sketches, drawings and in any other form that may be required by the Company) of all
Proprietary Information developed by me and all Inventions made by me during the period of my employment at the Company, which
records shall be available to and remain the sole property of the Company at all times.

 

4.       Competitive
Activities.

 

For purposes of this Section 4, the term
"the Business of the Company" shall mean the research, development, marketing and sale of cannabinoid-based cancer medicine
and diagnostics products and services. During the term of this Agreement and for a period of six (6) months from the effective
date of termination of this Agreement for any reason ("the Termination Date"), I will not directly or indirectly:

 

 

 

 

    	 	10	 

     

    

(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 Business of the Company, ("a Competing Business") (including, without limitation,
as a shareholder);

 

(ii)       act
as a consultant or employee or officer or in any managerial capacity in a Competing Business or supply in direct competition with
the Company restricted services to any person who, to my knowledge, was provided with services by the Company any time during
the twelve (12) months immediately prior to the Termination Date;

 

(iii)       solicit,
canvass or approach or endeavor or solicit, canvass or approach any person who, to my knowledge, was provided with services by
the Company at any time during the twelve (12) months immediately prior to the Termination Date, for the purpose of offering services
or products which directly compete with the services or products supplied by the Company at the Termination Date; or

 

(iv)        employ, solicit
or entice away or endeavor to solicit or entice away from the Company any person employed by the Company any time during the twelve
(12) months immediately prior 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.

 

5.       No
Conflicting Obligation.

 

I represent that my
performance of all the terms of this Agreement and as an employee of the Company does not and will not breach any agreement to
keep in confidence information acquired by me in confidence or in trust prior to my employment by the Company. I have not entered
into, and I agree I will not enter into, any agreement either written or oral in, conflict herewith.

 

6.       Return
of Company Documents.

 

When I leave the employ of the Company,
I will deliver to the Company any and all drawings, notes, memoranda, specifications, devices, formulas, and documents, together
with all copies thereof, and any other material containing or disclosing any Company Inventions, Third Party Information or Proprietary
Information of the Company.

 

7.       Notification
of New Employer.

 

In the event that I leave the employ of
the Company, I hereby consent to the notification of my new employer of my rights and obligations under this Agreement.

 

8.       General
Provisions.

 

8.1       Severability.
In case any one or more of the provisions contained in this Agreement shall, for any reason, be held to be invalid, illegal or
unenforceable in any respect, such invalidity, illegality or unenforceability shall not affect the other provisions of this Agreement,
and this Agreement shall be construed as if such invalid, illegal or unenforceable provision had never been contained herein. If
moreover, any one or more of the provisions contained in this Agreement shall for any reason be held to be excessively broad as
to duration, geographical scope, activity or subject, it shall be construed by limiting and reducing it, so as to be enforceable
to the extent compatible with the applicable law as it shall then appear.

 

8.2       Successors
and Assigns. This Agreement will be binding upon my heirs, executors, administrators and other legal representatives and will
be for the benefit of the Company, its successors, and its assigns.

 

 

 

    	 	11	 

     

    

 

8.3       Survival.
The provisions of this Agreement shall survive the termination of my employment and the assignment of this Agreement by the Company
to any successor in interest or other assignee; provided, however, that the provisions of Section 4 of this Agreement shall remain
in full force and effect only for the period of time detailed therein.

 

8.4       Waiver.
No waiver by the Company of any breach of this Agreement shall be a waiver of any preceding or succeeding breach. No waiver by
the Company of any right under this Agreement shall be construed as a waiver of any other right. The Company shall not be required
to give notice to enforce strict adherence to all terms of this Agreement.

 

8.5       Assignment.
This Agreement may be assigned by the Company. I may not assign or delegate my duties under this Agreement without the Company's
prior written approval.

 

8.6       Entire
Agreement. The obligations pursuant to Sections 1, 2 and 4 of this Agreement shall apply to any time during which I was previously
employed, or am in the future employed, by the Company as a consultant if no other agreement governs nondisclosure and assignment
of inventions during such period. This Agreement is the final, complete and exclusive agreement of the parties with respect to
the subject matter hereof and supersedes and merges all prior discussions or agreements between us with respect to the subject
matter hereof. No modification of or amendment to this Agreement, nor any waiver of any rights under this Agreement, will be effective
unless fil writing and signed by the party to be charged. Any subsequent change or changes in my duties, salary or compensation
will not affect the validity or scope of this Agreement.

 

8.7       Injunction. I agree that it would be difficult to
measure damage to the Company from any breach of mine of the promises set forth in Sections 1, 2, 3 and 4 hereof, and that injury
to the Company from any such breach would be impossible to calculate, and that money damages would therefore be an inadequate remedy
for any such breach. Accordingly, I agree that if I breach any provision of Sections 1, 2, 3 and 4 hereof, the Company will be
entitled, in addition to a l other remedies it may have, to an injunction or other appropriate orders to restrain any such breach
by me without showing or proving any actual damage sustained by the Company.

 

8.8       Governing
Law. This Agreement shall be governed by, and construed in accordance with the laws of the State of Israel, without giving
effect to the rules respecting conflict-of-law.

 

 

I HAVE READ THIS AGREEMENT CAREFULLY AND
UNDERSTAND ITS TERMS.

 

/s/ Dr. Eyal Ballan                   

Name: Dr. Eyal Ballan

Date: 10/6/2018

 

 

 

 

    	 	12

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