SEC Contract Filing

Filing Date: 2019-03-29

Document Content:
<DOCUMENT>
<TYPE>EX-10.52
<SEQUENCE>2
<FILENAME>tv512716_ex10-52.htm
<DESCRIPTION>EXHIBIT 10.52
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<P STYLE="margin: 0; text-align: right"><B>Exhibit 10.52</B></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">August 28<SUP>th</SUP>, 2018</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.25pt">Mr. Arturo Araya</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.25pt">*****</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in"><B><I>Re: Offer of Employment</I></B></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Dear Mr. Araya:</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 30.5pt">I am pleased to confirm
an offer for you, by way of this offer letter (this &ldquo;<B>Letter</B>&rdquo;) to join BRAINSTORM CELL THERAPEUTICS INC., a Delaware
corporation (the &ldquo;<B>Company</B>&rdquo;) on a full-time basis, in the position of Chief Commercial Officer (CCO). Your employment
commencement date shall be no later than August 28<SUP>th</SUP> , 2018 (the &ldquo;<B>Effective Date</B>&rdquo;) and shall continue
until terminated pursuant to the terms hereof (collectively, the &ldquo;<B>Employment Period</B>&rdquo;)<B>.</B></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 30.5pt">The terms of your
employment and compensation will consist of the following:</P>

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<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(i)</TD><TD STYLE="text-align: justify"><U>Hours Commitment</U>: a. During the first three months of your employment with the Company (the
 &ldquo;Initial Period&rdquo;), you will be expected to work two or three days each week or an average of 20 hours per week. b.
On or about December 1<SUP>st</SUP>, 2018, you will be expected to work in a full-time capacity, meaning a 40-hour work week, with
the days and hours to be mutually agreed upon by the parties, pursuant to the Company&rsquo;s ordinary course of business. You
may be required to travel in connection with your position. The Company shall pay for or reimburse all properly approved Company
related travel expenses. It is understood and acknowledged by the Company and by you that you will work from the Company&rsquo;s
New Jersey offices, except as otherwise agreed by you and the Company from time to time.</TD></TR></TABLE>

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<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(ii)</TD><TD STYLE="text-align: justify"><U>Title</U>: Chief Commercial Officer (as further detailed on <B>Exhibit A</B>)</TD></TR></TABLE>

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<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(iii)</TD><TD STYLE="text-align: justify"><U>Nature of Services</U>: You will directly report to our Chief Executive Officer (the &ldquo;CEO&rdquo;),
and your primary responsibilities will consist of those listed on <B>Exhibit A</B> (collectively, the &ldquo;<B>Executive Duties</B>&rdquo;)
or as may otherwise be directed from time to time by the CEO.</TD></TR></TABLE>

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<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(iv)</TD><TD STYLE="text-align: justify"><U>Compensation*</U>:</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1.25in; text-align: justify">&nbsp;</P>

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<TD STYLE="width: 1in"></TD><TD STYLE="width: 0.25in">a.</TD><TD STYLE="text-align: justify">In consideration of the performance of the Executive Duties, you shall be entitled to receive an
annual base compensation of Three Hundred T