SEC Contract Filing

Filing Date: 2017-03-21

Document Content:
<DOCUMENT>
<TYPE>EX-10.1
<SEQUENCE>2
<FILENAME>f8k032017ex10i_oramed.htm
<DESCRIPTION>CONSULTING AGREEMENT, DATED MARCH 20, 2017, BETWEEN ORAMED LTD. AND RONALD LAW
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<P STYLE="margin-top: 0; text-align: right; margin-bottom: 0"><B>Exhibit 10.1</B></P>

<P STYLE="margin-top: 0; text-align: center; margin-bottom: 0">&nbsp;</P>

<P STYLE="margin-top: 0; text-align: center; margin-bottom: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Consulting Agreement</B></FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">This
Consulting Agreement (this &ldquo;<B>Agreement</B>&rdquo;) is entered into as of this 01 day of March 2017 (&ldquo;<B>Effective
Date</B>&rdquo;), by and between Mr. Ronald Law, Ph.D., J.D. residing at 23733 N. Lookout Pointe Road, Lake Barrington, IL 60010,
U.S.A. (&ldquo;<B>Consultant</B>&rdquo;) and Oramed Ltd., Company Number 513976712, a company incorporated under the laws of the
State of Israel, with an address at Hi-Tech Park 2/4 Givat Ram, Jerusalem, Israel 91390 (the &ldquo;<B>Company</B>&rdquo;).</FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>WHEREAS</B>,
the Company is in need of certain consulting services to aid it in furthering the development of one or more of pharmaceutical
products; and</FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>WHEREAS,</B>&#9;the
Company wishes to obtain consulting services of Chief Strategy Officer (&ldquo;<B>CSO</B>&rdquo;) from the Consultant and the
Consultant wishes to provide the Company with such consulting services as an external consultant to the Company and pursuant to
the terms and conditions of this Agreement; and</FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>WHEREAS</B>,
Consultant possesses significant knowledge and expertise in the field, and is capable of providing such services to the Company;
and</FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>WHEREAS</B>,
the Company is desirous of retaining Consultant as a consultant to perform certain services described herein;</FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>IT
IS, THEREFORE, AGREED BETWEEN </B>the Company and the Consultant that the Company will engage the Consultant who shall serve in
the role of the Consulting Chief Strategy Officer of the Company, subject to the following mutual terms and conditions, as evidenced
by their execution hereof:</FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">1.<B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Engagement</B>.
The Company hereby engages Consultant and Consultant hereby agrees to render to the Company the services in accordance with the
terms and provisions hereof (the &ldquo;<B>Services</B>&rdquo;). Consultant represents that it is entitled to enter into this
Agreement and to assume all of the obligations pursuant hereto, that there is no contractual, medical problems or other impediment
to his entering into this Agreement, fulfilling his obligations hereunder or to it engagement with the Company and that in entering
into this Agreement it is not in breach of any other agreement or obligation to which he is or was a party.</FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">2.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Term.
</B>Unless terminated earlier in accordance with the provisions hereof, the term of this Agreement shall commence on March 20,
2017 (the &quot;<B>Commencement Date</B>&quot;) and shall continue until terminated by either party as provided h