SEC Contract Filing

Filing Date: 2022-07-07

Document Content:
<DOCUMENT>
<TYPE>EX-10.1
<SEQUENCE>2
<FILENAME>ea162555ex10-1_raphael.htm
<DESCRIPTION>SERVICE AGREEMENT, DATED AS OF JULY 5, 2022, BETWEEN PROF. JOSEPH PRESS AND THE COMPANY
<TEXT>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right"><B>Exhibit 10.1</B></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">This SERVICE AGREEMENT (this &ldquo;Agreement&rdquo;) is made as of 30<SUP>th </SUP>of June, 2022, by and between <B>Raphael Pharmaceutical
INC</B>. (the &ldquo;Company&rdquo;), and JOSEPH PRESS <B>(the &ldquo;Adviser&rdquo;/so called &ldquo;JOSEPH&rdquo;). </B></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><U>RECITALS</U></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">WHEREAS, Joseph serves as the Chairman of the
Board of Directors in the company;</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">WHEREAS, Joseph intend to retire for pension at
the end of this month;</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">WHEREAS, the Company desires to engage Joseph
to be an independent medical adviser of the company, and Joseph desires to be an independent adviser on the terms set forth herein;</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">NOW, THEREFORE, in consideration of the mutual
covenants, agreements, representations and warranties contained herein, and intending to be legally bound hereby, the parties hereto hereby
agree as follows:</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">1.&nbsp;<U>Appointment of Joseph to be medical adviser; Relationship
of Company and Joseph</U>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Joseph shall provide medical advises services
to the Company upon the company requests, as hereinafter provided. The adviser, at all times, shall be independent of the Company. Nothing
contained herein shall be deemed to make or render the Company a partner, co-venturer or other participant in the business or operations
of Joseph, or in any manner to render Company liable, as principal, surety, guarantor, and agent or otherwise for any of the debts, obligations
or liabilities of Joseph. Similarly, nothing contained herein shall be deemed to make or render Joseph a partner, co-venturer or other
participant in the business or operations of the Company, or in any manner to render Joseph liable, as principal, surety, guarantor, and
agent or otherwise for any of the debts, obligations or liabilities of Company.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">2. <U>Services Descriptions</U>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Commencing on the date of this Agreement, Joseph
will provide, supply and render such services, advises and operational support services as are necessary to provide service to the Company
and, as more specifically described below, shall:</P>

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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in; text-align: left">a.</TD><TD STYLE="text-align: justify">Give the company Medical Advises Services upon the request
of the CEO.</TD>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify; text-indent: -0.25in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in; text-align: left">b.</TD><TD STYLE="text-align: justify">Serve at the Board of Directors until the end of June 2022.</TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify; text-indent: -0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">3.&nbsp;<U>Obligations of the Company</U>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Prior to the expiration of this Agreement, the
Company shall provide Joseph with true and correct information relating to all functions for which Joseph has responsibility hereunder,
and shall not take any action to interfere with Joseph&rsquo;s performance of its duties hereunder.</P>

<P STYLE="font: 10pt Times New Roman, Times, S