0001193125-06-117328 Sample Contracts

Contract
Celtron International Inc • May 22nd, 2006 • Non-operating establishments • New York

THIS WARRANT AND THE COMMON SHARES ISSUABLE UPON EXERCISE OF THIS WARRANT HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED. THIS WARRANT AND THE COMMON SHARES ISSUABLE UPON EXERCISE OF THIS WARRANT MAY NOT BE SOLD, OFFERED FOR SALE, PLEDGED OR HYPOTHECATED IN THE ABSENCE OF AN EFFECTIVE REGISTRATION STATEMENT UNDER SAID ACT OR AN OPINION OF COUNSEL REASONABLY SATISFACTORY TO CELTRON INTERNATIONAL INC. THAT SUCH REGISTRATION IS NOT REQUIRED.

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SUBSCRIPTION AGREEMENT
Subscription Agreement • May 22nd, 2006 • Celtron International Inc • Non-operating establishments • New York

THIS SUBSCRIPTION AGREEMENT (this “Agreement”), dated as of May 19, 2006, by and among Celtron International Inc., a Nevada corporation (the “Company”), and the subscribers identified on the signature page hereto (each a “Subscriber” and collectively “Subscribers”).

EMPLOYMENT AGREEMENT
Employment Agreement • May 22nd, 2006 • Celtron International Inc • Non-operating establishments • California

This EMPLOYMENT AGREEMENT (this “Agreement”) is entered into as of May 19st, 2006 by and between Celtron International Inc., (OTCBB:CLTR), a Nevada corporation, with its principal office at 6779 Mesa Ridge Road, San Diego, California 92121 (the “Company”), and John Phillips (“Employee,” and collectively with the Company, the “Parties”), with reference to the following facts:

Contract
Celtron International Inc • May 22nd, 2006 • Non-operating establishments • New York

THIS NOTE HAS NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED. THIS NOTE MAY NOT BE SOLD, OFFERED FOR SALE, PLEDGED OR HYPOTHECATED IN THE ABSENCE OF AN EFFECTIVE REGISTRATION STATEMENT AS TO THIS NOTE UNDER SAID ACT OR AN OPINION OF COUNSEL REASONABLY SATISFACTORY TO BRAINSTORM CELL THERAPEUTICS INC. THAT SUCH REGISTRATION IS NOT REQUIRED.

SECURITY AGREEMENT
Security Agreement • May 22nd, 2006 • Celtron International Inc • Non-operating establishments • New York
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