MANAGEMENT SERVICES AGREEMENT
This Management Services Agreement (“Agreement”), dated January 1, 2009 (the “Effective Date”), is entered
into by and
WHEREAS MABCURE is engaged in the business of developing and manufacturing products for cancer
detection and therapy;
WHEREAS DIRECTOR is the scientific founder of MabCure, Inc. and was nominated as Director of
MabCure, N.V. at its inception in October 2008;
WHEREAS MABCURE and Director are interested in having Director provide MabCure with independent
management and Chief Scientific Officer services (the “Services”);
WHEREAS PARTIES wish to collaborate in a mutual independent manner under the terms and conditions
herein set forth;
NOW IT IS AGREED as follows:
Between MabCure, N.V.
With registered offices in B-3500 Hasselt (Belgium), De Schiervellaan 3/1, hereby
represented by Dr. Amnon Gonenne, Managing Director;
(hereinafter referred to as “MabCure”).
Dr. Elisha Orr
Residing 12 Hameistraat, 3600 Genk, Belgium;
(hereinafter referred to as “Director”).
MabCure and Director are hereafter together also referred to as the “Parties” and
individually as a “Party”.
Conditions of Performance of the Services
1.1 MabCure hereby retains Director, and Director agrees to be retained, to provide MabCure with the
1.2 Director shall report to the Managing Director of MabCure.
1.3 Director shall perform the Services in a completely independent manner. Director represents that he
has the experience and expertise sufficient in quality and quantity to perform all assignments and
projects entrusted to him by MabCure and agrees that he will perform all such assignments and
projects in a manner commensurate with the professional standards generally applicable to its industry
and to abide by all applicable guidelines and/or all regulatory requirements, involving MabCure’s
policies and procedures.
1.4 Managing Director may vary the services to be