Document:

RESPONSE
      GENETICS, INC.

    

    Director
      Compensation Policy

    

    

    The
      non-employee members of the board of directors will be compensated as
      follows:

    

    Commencing
      in the Company’s 2008 fiscal year:

    

    
      	 	
              ·

            	
              An
                annual retainer of $20,000 (twenty thousand dollars) to be paid quarterly
                in arrears on the last day of the
                quarter.

            

    

    
      	 	
              ·

            	
              On
                the date of the annual stockholders meeting each year an option to
                purchase 11,500 shares of the Company’s common stock at an exercise price
                equal to the fair market value of the Company’s common stock on the date
                of grant; vesting quarterly over a four-year period. Continued vesting
                of
                the options subject to continued service on the board of directors.
                If no
                such meeting shall occur before June 30 of the applicable year, then
                such
                option grant shall be made by unanimous written consent dated June
                30 of
                that year. 

            

    

    
      	 	
              ·

            	
              For
                each newly appointed director, the first option grant to purchase
                11,500
                shares of the Company’s common stock will be made on date of appointment,
                whether or not that date corresponds with the date of the annual
                stockholders meeting at an exercise price equal to the fair market
                value
                of the Company’s common stock on the date of grant and with all other
                terms as set forth above. If the date of appointment does not correspond
                with the date of the annual stockholders meeting, the first annual
                grant
                to be made to the new director thereafter will be pro rated in order
                to
                provide the newly appointed director with an option to purchase 11,500
                shares each year.

            

    

    

    For
      members of the audit committee of the board of directors:

    
      	 	
              ·

            	
              A
                payment of $500 (five hundred dollars) for each meeting attended,
                either
                in person or telephonically.

            

    

    

    For
      Chairman of the audit committee of the board of directors:

    
      	 	
              ·

            	
              A
                payment of $750 (seven hundred fifty dollars) for each meeting attended,
                either in person or telephonically.

            

    

    

    For
      all
      members of the nominating and governance committee of the board of
      directors:

    
      	 	
              ·

            	
              A
                payment of $500 (five hundred dollars) for each meeting attended,
                either
                in person or telephonically.

            

    

     

    For
      Chairman of the nominating and governance committee of the board of
      directors:

    
      	 	
              ·

            	
              A
                payment of $750 (seven hundred fifty dollars) for each meeting attended,
                either in person or telephonically.

            

    

    

    For
      all
      members of the compensation committee of the board of directors:

    
      	 	
              ·

            	
              A
                payment of $500 (five hundred dollars) for each meeting attended,
                either
                in person or telephonically.

            

    

     

    For
      Chairman of the compensation committee of the board of directors:

    
      	 	
              ·

            	
              A
                payment of $750 (seven hundred fifty dollars) for each meeting attended,
                either in person or
                telephonically.

            

    

    All
      directors will be reimbursed for all reasonable expenses related to or in
      connection with each director's service on the Company's board of directors
      or a
      committee thereof.Exhibit
      10.4

    

    FIRST
      AMENDMENT TO CONSULTING AGREEMENT

     

    This
      First Amendment to Consulting Agreement (this “Amendment”)
      is
      made as of this 29th
      day of
      February, 2008 by and between MODIGENE INC., a Nevada corporation (the
“Company”),
      and
      Avri Havron (“Executive”),
      and
      amends that certain Consulting Agreement, dated January 1, 2007, between
      Modigene Inc., a Delaware corporation (“Modigene
      DE”),
      and
      Executive (as amended, restated, supplemented or modified from time to time,
      the
“2007
      Agreement”).
      

     

    RECITALS:
      

     

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

     

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

     

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

     

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

     

    AGREEMENT:

     

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

     

    (3)
      In
      consideration for any services to be provided under Section 2, the Company
      shall
      pay to the Consultant an annual consulting fee of Two Hundred and Fifteen
      Thousand U.S. Dollars ($215,000.00) plus V.A.T (if applicable); payable in
      equal
      monthly installments on the first of each month upon providing the Company
      with
      an invoice. Payments will be in Israeli Shekels (IS) according to the official
      IS-US$ 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 to $60,000, as determined by the Board, payable within 30 days
      after the end of the fiscal year of Company, which shall be based upon
      performance criteria established by the Board. In addition, Consultant shall
      be
      entitled to use a Company car (Mazda 6 or a car of equivalent class, as shall
      be
      determined by the Company) pursuant to the terms and conditions of the Company’s
      car policy as shall be adopted by Company and may be amended by Company from
      time to time (the “Car
      Policy”).
      Company shall gross up Consultant’s consulting fee with any tax liability
      incurred with respect to the car’s “value equivalent” (the value of the car
      usage) for tax purposes as updated from time to time. Subject
      to applicable law, in the event that Consultant fail to timely pay any fines,
      penalties, costs or other obligations in respect of the car (excluding any
      costs
      and payments which are borne by the Company pursuant to the terms of the Car
      Policy), the Company shall be entitled to pay such fines, penalties, costs
      or
      other obligations and to deduct such costs from Consultant’s consulting fee.
      Consultant shall be eligible to use his personal car instead of a Company Car,
      and elect to receive monthly cash payment in lieu of such Company Car, as long
      as the total cost to the Company shall be the same as if such Company Car is
      provided to the Consultant by the Company.

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

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

     

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

     

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

     

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

     

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

     

    [The
      Remainder of this Page is Intentionally Left Blank]

     

    
      
        
        

      

      
        2

        
          

        

      

      
        
        

      

    

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

    
      

        
          	
                  COMPANY:

                	
                  CONSULTANT:

                
	 	 
	
                  MODIGENE
                    INC.

                	 
	 	 
	
                  By:

                	 	 	 
	 	
                  Name:

                	 	 	
                  Avri
                    Havron

                
	 	
                  Title:

                	 	 	 
	 	 	 	 	 
	 	
                  Notice
                    Address:

                
	 	 
	 	 
	 	 
	 	 

        

      
 

    
      
        
        

      

      
        S-1

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00139-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00139-of-00352.parquet"}]]