Amendment to Employment Agreement between Brainstorm Cell Therapeutics Ltd. and Alla Patlis (March 2015)
This amendment updates the employment agreement between Brainstorm Cell Therapeutics Ltd. and employee Alla Patlis, effective March 1, 2015. The main change is an increase in the employee's monthly gross salary to 20,000 NIS. All other terms of the original employment agreement remain unchanged and in effect. Both parties have signed and agreed to this amendment.
Exhibit 10.70
AMENDMENT TO EMPLOYMENT AGREEMENT
THIS AMENDMENT (the “Amendment”) is entered into as of the date set forth below, effective as of March 1st, 2015 (the “Effective Date”), by and between Brainstorm Cell Therapeutics Ltd., a company organized under the laws of the State of Israel, with offices at 12 Bazel street Petah-Tikvah, Israel, registered # 513601021, (the “Company”) and Alla Patlis ID# 3[***], of [***] (the “Employee”).
WHEREAS, the Company and the Employee entered into an Employment Agreement, dated December 23rd, 2012 (together with any amendments, exhibits and schedules thereto, the “Employment Agreement”); and
WHEREAS, the Company and the Employee desire to amend the Employment Agreement on the terms and conditions more fully set forth herein:
NOW, THEREFORE, it is hereby agreed as follows:
1. | Unless otherwise defined herein, all capitalized terms in this Amendment shall have the meanings ascribed to them in the Employment Agreement. |
2. | As of the Effective Date, Employee will be entitled to a monthly gross Salary of 20,000 NIS (in words: twenty thousand NIS). |
3. | Except as set forth herein, the provisions of the Employment Agreement shall remain unchanged and in full force and effect. |
IN WITNESS WHEREOF,
Company: |
| Employee: |
| | |
Brainstorm Cell Therapeutics Ltd. | | Alla Patlis |
| | |
By: Uri Yablonka | | Signature: /s/ Alla Patlis |
Title: COO | | |
Signature: /s/ Uri Yablonka | | Date: 13.03.2015 |
| | |
Date: 13.03.2015 | | |
