SEC Contract Filing

Filing Date: 2017-03-20

Document Content:
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<TYPE>EX-10.32
<SEQUENCE>4
<FILENAME>ex10-32.htm
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<P STYLE="margin: 0; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #1A1A1A">July
1, </FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #2D2D2D">2016</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; color: #2D2D2D">Curt
</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #1A1A1A">Lockshin</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; color: #1A1A1A"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">[Street]</FONT></P>

<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; color: #1A1A1A">[City
and State </FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #2D2D2D">or </FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #1A1A1A">Province]
</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; color: #1A1A1A"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<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; color: #1A1A1A">Dear
</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #2D2D2D">Curt:</FONT></P>

<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">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #1A1A1A">On
behalf </FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #2D2D2D">of </FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #1A1A1A">VBI
Vaccines Inc. </FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #2D2D2D">(the </FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #4D4D4D">&ldquo;</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #2D2D2D">Company&rdquo;)</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #4D4D4D">,
</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #1A1A1A">I am pleased to </FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #2D2D2D">offer
you </FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #1A1A1A">continued </FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #2D2D2D">at
will employme</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #080808">nt </FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #2D2D2D">as
</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #1A1A1A">the </FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #2D2D2D">Chief
</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #1A1A1A">Technology Officer </FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #2D2D2D">of
</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #1A1A1A">the </FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #2D2D2D">Company</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #4D4D4D">,
</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #1A1A1A">reporting directly </FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #2D2D2D">to
</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #1A1A1A">the Chief Executive Officer</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #4D4D4D">,
</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #2D2D2D">subject </FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #1A1A1A">to
the terms of this </FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #2D2D2D">offer </FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #080808">l</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #2D2D2D">etter.</FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">1. </FONT><FONT STYLE