AGREEMENT AND AMENDMENT NO. 4

Exhibit 10.6

AGREEMENT AND AMENDMENT NO. 4

This AGREEMENT AND AMENDMENT NO. 4 (this “Forth Amendment”) is made this 27 day of June, 2016 by and between ORAMED Ltd., a company incorporated under the laws of the State of Israel, # 513976712 with an address at High-Tech Park 2/4, Givat Ram, Jerusalem, Israel 93706 (the “Company”), and KNRY, Ltd., a company incorporated under the laws of the State of Israel, # 513836502 with an address at 2 Elza Street, Jerusalem, Israel 93706 (the “Consultant”).

WHEREAS:

A.            The Company and the Consultant are parties to the Agreement dated as of July 1, 2008 (the “Original Agreement”), as amended on July 18, 2013 (the “First Amendment”), on November 13, 2014 (the “Second Amendment”) and on July 21, 2015 (the "Third Amendment" and together with the Original Agreement, the First Amendment and the Third Amendment - the “Employment Agreement”), for services to be provided by Nadav Kidron Israeli I.D. number ###-###-#### (“Nadav”); and

B.             The Company and the Consultant wish to amend the Employment Agreement to revise the terms of the Consultant compensation thereunder.

NOW, THEREFORE, in consideration of the premises and the mutual covenants and agreements herein contained, the parties hereto covenant and agree as follows:

“Compensation. Effective from June 2016 (inclusive), the Company shall pay to the Consultant in consideration for the performance of the Consulting Services, a gross monthly amount of 95,460 + VAT (approximately $24,920) (the “Consideration”), subject to the receipt by the Company of an invoice from the Consultant. Each of the Consultant and Nadav hereby declares that neither of them has, nor shall have in the future, any claims or demands in respect of amounts paid prior to May 2008.”

[Signature page follows.]

IN WITNESS WHEREOF the parties hereto have executed this Third Amendment effective as of the date and year first above written.