0001072613-08-001835 Sample Contracts

EXCHANGE AGREEMENT
Exchange Agreement • September 30th, 2008 • Medis Technologies LTD • Electromedical & electrotherapeutic apparatus • New York

This Exchange Agreement (this “Agreement”) is made and entered into as of September 28, 2008, by and between Daniel Luchansky (the “Director”) and Medis Technologies Ltd., a Delaware corporation (the “Company”). Each of the Director and the Company are sometimes referred to herein as a “Party” or, collectively, as the “Parties.”

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EMPLOYMENT AGREEMENT
Warrant Agreement • September 30th, 2008 • Medis Technologies LTD • Electromedical & electrotherapeutic apparatus • New York

This Employment Agreement (the “Agreement”) by and between Medis Technologies Ltd., a Delaware corporation (the “Company”) with executive offices at 805 Third Avenue, New York, New York 10022, and Jose Mejia (“Executive”) is hereby entered into and effective as of September 19, 2008.

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