Amendment to Consulting Agreement

Exhibit 10.24

This Amendment to Consulting Agreement (this “Agreement”) is entered into as of this 3rd day of October 2008, by and between Mr. Ehud Arbit, M.D., residing at 166 Elm Road, Englewood NJ (“Consultant”), and Oramed Pharmaceuticals Inc., a Nevada corporation (the “Company”).

WHEREAS, the Company and Consultant entered into a Consulting Agreement as of May 1, 2008 (the “Original Agreement”); and

WHEREAS, Company and Consultant desire to amend some of terms and conditions of the Original Agreement.

NOW, THEREFORE, the Company and the Consultant agree as follows:

1.             In Section 1 the following paragraph is hereby added as a second paragraph:

Exclusive Service. The Consultant shall perform the Services on a full time basis, shall devote his entire business time and attention to the business of the