FIRST AMENDMENT TO EMPLOYMENT AGREEMENTEmployment Agreement • November 1st, 2024 • Pharma Two B Ltd. • Pharmaceutical preparations
This FIRST AMENDMENT TO EMPLOYMENT AGREEMENT (this “Amendment”) is entered into as of August 27, 2024 (the “Effective Date”), by and between Pharma Two B Ltd., an Israeli company number 513958371 (the “Company”), and Dan Teleman, Israeli I.D. [*****] (the “Executive” and collectively with the Company, the “Parties”).
EMPLOYMENT AGREEMENT dated: April 18,2023Employment Agreement • November 1st, 2024 • Pharma Two B Ltd. • Pharmaceutical preparations
The Executive shall be granted an option to purchase such number of Preferred F-3 Shares of the Company, equal to 2% of the Company’s share capital on a fully diluted basis as of the date hereof (the “Shares”), subject to any dilution, and under the following terms and conditions. The Shares shall have the rights and obligations set forth in the Company’s Articles of Association, which shall be amended to provide for the authorization and creation of the series of the Shares. The option will be subject to the following vesting - 25% of the Shares underlying the option will vest on the first anniversary of the date of grant and the remaining 75% will vest in 36 equal monthly installments thereafter, provided that any unvested part of the option will vest and become immediately exercisable upon consummation of a Change in Control or Qualified Change in Control (as defined below).
