Settlement and Waiver Agreement Made as of this 25th day of July, 2011 By and amongSettlement and Waiver Agreement • July 28th, 2011 • Brainstorm Cell Therapeutics Inc • Biological products, (no disgnostic substances)
WHEREAS, Efrati, personally and through Pro Int was employed and served as the CEO of BCLI Inc. and BCLI Ltd. since October 2007 through his resignation on 28 February 2011 (the "Service") and served as a member of the Board of Directors of BCLI Inc. (the "Board Membership"); and
