Exhibit 1

JOINT FILING AGREEMENT

This Joint Filing Agreement, dated as of May 17, 2010, is entered into by and among BAM Capital, LLC, a Delaware limited liability company, BAM Management, LLC, a Delaware limited liability company, AM Investment Partners, LLC, a Delaware limited liability company, BAM Opportunity Fund, L.P., a Delaware limited partnership, BAM Opportunity Fund SPV, LLC, a Delaware limited liability company, Ross Berman, an individual, Hal Mintz, an individual, Adam Stern, an individual, and Mark Friedman, an individual (all of the foregoing are collectively referred to herein as the "Filing Entities").

Each of the BAM Entities may be required to file with the United States Securities and Exchange Commission a statement on Schedule 13G (and amendments thereto) with respect to ordinary shares of Prana Biotechnology Limited, a company organized under the laws of Australia, beneficially owned by them from time to time.

Pursuant to and in accordance with Rule 13(d)(1)(k) promulgated under the Securities Exchange Act of 1934, as amended, the parties hereby agree to file a single statement on Schedule 13G (and any amendments thereto) on behalf of each of the parties, and hereby further agree to file this Joint Filing Agreement as an exhibit to such statement, as required by such rule.

This Joint Filing Agreement may be terminated by any of the Filing Entities upon one week's prior written notice or such lesser period of notice as the Filing Entities may mutually agree.

Executed and delivered as of the date first above written.

BAM Opportunity Fund SPV, LLC

By:  BAM Management, LLC

        its Manager

By: /s/ Ross Berman                                                                    

Name:  Ross Berman

        Title:   Managing Member

BAM Opportunity Fund, L.P.

By:  BAM Capital, LLC, its General Partner

By: /s/ Ross Berman                                                                    

Name:  Ross Berman

        Title:   Managing Member

BAM Capital, LLC

By: /s/ Ross Berman                                                                           

       Name:  Ross Berman

       Title:  Managing Member

BAM Management, LLC

By: /s/ Ross Berman                                                                           

       Name:  Ross Berman

       Title:  Managing Member

AM Investment Partners, LLC

By: /s/ Adam Stern                                                                    

Name:  Adam Stern

        Title:   Managing Member

/s/ Ross Berman                                                                    

Ross Berman

/s/ Hal Mintz                                                                

Hal Mintz

/s/ Adam Stern                                                                           

Adam Stern

/s/ Mark Friedman                                                                

Mark Friedman