To: Top-Notch Consultancy 2009 Ltd. Re: Employment Terms
Exhibit 10.2
April 23, 2009
To: | Top-Notch Consultancy 2009 Ltd. |
Re: | Employment Terms |
Dear Sirs,
Reference is made to that certain Consulting Agreement between Top-Notch Consultancy 2009 Ltd.
and TopSpin Medical (Israel) Ltd. (the “Company”), dated April 19, 2009 (the “Agreement”).
Effective as of April 19, 2009, Section 2 of the Agreement shall be deleted in its entirety and
replaced by the following:
"Services. The Consultant agrees and undertakes to provide the Services exclusively through
Gilboa. During the Consulting Period, Consultant, solely through Gilboa, shall provide consulting
services, as may reasonably be requested by the Board and by TopSpin Medical Inc.’s board of
directors (the “Services”). The Consultant shall provide at least 80 hours of Services per month.
The Consultant undertakes to perform its duties and obligations under this Agreement with the
highest degree of professionalism. The Consultant shall devote his know-how, expertise, talent,
experience and best efforts to the performance of the Services, and shall act to promote the
Group’s business and affairs, and performs and discharges the Services faithfully, with devotion,
honesty and fidelity. The parties agree that during the consulting period neither the Consultant
nor Xxxxxx shall engage in any business or professional activity, other than current activities of
the Consultant and/or Gilboa as disclosed to the Board by the Consultant prior to the date hereof,
unless: (i) the Consultant provided the Company with a prior written notice and acquired the
consent of the Board to such additional activity; and (ii) such additional activity does not breach
this Agreement, its Annexes or any other agreement between the Company and the Consultant and/or
Gilboa, including, without limitation, the provisions of Exhibit A. The Consultant shall
report to, and provide its services under the direction of, the Company’s Board.
Except as specifically amended herein, all terms, definitions and conditions of the Agreement and
related exhibits remain in full force and effect.
Sincerely,
TopSpin Medical (Israel) Ltd. | ||
By:
|
Xxx Xxxxxx | |
Title:
|
Director | |
Signature:
|
/s/ Xxx Xxxxxx | |
Agreed and accepted,
/s/ Xxxx Xxxxxx
Top-Notch Consultancy 2009 Ltd.
Date: May 5, 2009
Date: May 5, 2009
The undersigned xxxxxx agrees to be personally bound by the above amendments to the Agreement.
/s/ Xxxx Xxxxxx
Xx. Xxxx Xxxxxx
Date: May 5, 2009
Xx. Xxxx Xxxxxx
Date: May 5, 2009