Exhibit 4.9


 





 


SERVICES
AGREEMENT


(the
“Agreement”)


 


Made
and Entered into on 5th Day of January, 2016.


 


	Between:	ASIA
    PITUACH (A.D.B.M.) LTD.
		Company
    No. 520036062 
	 	of
    7 Jabotinsky Street, Ramat Gan
		(hereinafter:
    the “Company”) 
	 	On
    the One Part;
	 	 
	And:	Mr.
    Eli Yoresh
		Identity
    Card No. 14660039 
	 	of
    37 Ussishkin Street, Ramat Hasharon
		(hereinafter:
    the “Service Provider”) 
	 	On
    the Second Part;
	 	On
                                         the Second Part;







 


	Whereas	The
    Company is a public company, whose shares are traded on the Tel Aviv Stock Exchange Ltd.; and
	 	 
	Whereas	The
    Company is contemplating to close a merger transaction by way of an exchange of stock with 4Eyes Autonomous Ltd. (hereinafter:
    the “Merger Transaction” and “4Eyes”, respectively); and
	 	 
	Whereas	The
    Service Provider serves as chief financial officer (hereinafter: the “CFO”) of the Company and the Company
    wishes that the Service Provider will continue to hold the position of CFO of the Company following the closing of the Merger
    Transaction as well, as set forth in this Agreement below; and
	 	 
	Whereas	The
    Service Provider is qualified, holds expertise and is authorized under the provisions of any law to serve in such Position;
    and
	 	 
	Whereas	The
    Company is interested in receiving the services of the Service Provider in anything relating to such position as CFO; and
	 	 
	Whereas	The
    Service Provider declares that he has the required experience, ability and knowledge to provide the aforesaid services and
    is capable of providing such services to the Company as set forth in this Agreement; and
	 	 
	Whereas	The
    parties are interested in regulating the terms and conditions concerning the providing of the services by the Service Provider
    to the Company and to put them into writing, all as set forth in this Agreement below;


 


Therefore,
it was Declared, Stipulated and Agreed between the Parties as follows:


 


	 	1.	Preamble,
    Interpretation and Definitions


 


	 	1.1.	The
    preamble hereto constitutes an integral part hereof.
	 	 	 
	 	1.2.	The
    section headings are for convenience only and should not be relied upon for the construction or interpretation of this Agreement.


 






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	 	1.3.	The
    provisions of any other and/or previous agreements among the Company and/or its held companies and the Service Provider are
    hereby made null and void, unless expressly provided otherwise herein.


 


	 	2.	Acceptance,
    Waiver and Settlement of Claims 


 


	 	2.1.	The
    Service Provider hereby confirms that the providing of his services to the Company under this Agreement is not connected in
    any manner to the previous period of his service with the Company prior to the Merger Transaction and does not create any
    continuous or accrued seniority with respect to such previous period (hereinafter: the “Previous Period”).


 


	 	2.2.	The
    Service Provider hereby declares and acknowledges that he had received from the Company, on the due dates, all the rights
    and money to which he was entitled with respect to the Previous Period and the Company is no longer liable to pay him for
    such Previous Period or the termination thereof.


 


	 	2.3.	The
    Service Provider hereby declares and acknowledges that neither him nor any of his successors and/or those acting on his behalf
    shall have any demands and/or claims whatsoever against the Company and/or against any of its subsidiaries and/or parent company
    and/or a combined company and/or any affiliate thereof, and/or anyone on their behalf and/or any of their past, present or
    future employees and/or managers and/or shareholders (hereinafter: “Anyone on Behalf of the Company”), with
    respect to the Previous Period and/or the termination thereof, for any reason whatsoever and however caused and he hereby
    fully, finally and absolutely waives any such demands and/or claims.


 


	 	3.	The
    Nature and Scope of the Position


 


	 	3.1.	The
    Company will receive from the Service Provider and the Service Provider will provide the Company the following services: The
    Service Provider will serve as the CFO of the Company and render his services in accordance with the Company’s needs
    in a scope of 60% of a position, this from the date of signing hereof and as provided in this Agreement above and below, including
    without limitation, the Service Provider will undertake any tasks in connection with the position of a CFO of a public company
    and will also serve a director at the Company’s board of directors (hereinafter: the “Services”).


 


	 	3.2.	In
    performing his Services, the Service Provider will report to, and be subordinated to, the Company’s chief executive
    officer (hereinafter: the “CEO”) and to his decisions.


 


	 	4.	Identity
    and Declarations of the Service Provider


 


	 	4.1.	The
    Services will be provided to the Company by the Service Provider through Mr. Eli Yoresh and this constitutes a fundamental
    condition of this Agreement.


 


	 	4.2.	The
    Service Provider will provide the Services to the Company in accordance with the needs of the Company at a scope which is
    not lower than 60% of the ordinary working hours of a salaried employee.


 






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	 	4.3.	The
    Service Provider hereby declares, that he is aware of everything required for the providing of the Services and undertakes
    to provide his Services to the Company with dedication and professionalism, subject to the Company’s policies, as applicable
    from time to time and in accordance with the instructions to be given to him from time to time by the Company and to efficiently,
    loyally and skillfully devote his best talents, time and efforts, as agreed upon in this Agreement.


 


	 	4.4.	The
    Service Provider hereby declares that no limitation and/or prevention exists under any agreement and/or law and/or any other
    prohibition for fulfilling his undertakings hereunder and that in the event that any such limitation arises in the future,
    he shall promptly inform same to the Company. The Service Provider further undertakes, that in the execution of his undertakings
    and the providing of the Services hereunder, he shall comply with the provisions of any law.


 


	 	5.	The
    Agreement Term and Revocation


 


	 	5.1.	This
    Agreement is entered for an indefinite period, commencing on the closing of the Merger Transaction which shall continue unless
    terminated by either party in accordance with the provisions of sections 5.2-5.4 below (hereinafter: the “Engagement
    Term”), this without derogating from the necessity to obtain the requisite approvals for the engagement from any
    relevant corporate organs, to the extent such approvals are required under the provisions of any law.


 


	 	5.2.	Each
    party hereto may terminate this Agreement, for any reason whatsoever, provided the Service Provider gives the Company a prior
    written notice of 3 months, and to the extent that the Company wishes to terminate the engagement, then the Company shall
    deliver a prior notice to the Service Provider 6 months in advance of its wish to terminate the engagement with him and such
    termination shall not be deemed as breach of the Agreement (hereinafter: “the “Prior Notice” and the
    “Prior Notice Period”, respectively).


 


	 	5.3.	In
    any event that one of the parties notifies the other party of the termination of the Agreement as set forth in section 5.2.
    above, the Service Provider will continue to provide the Services hereunder, to the best of his ability and fully cooperate
    with the Company, until the expiry of the Prior Notice Period, against payment of the full consideration for such Prior Notice
    Period. Notwithstanding the aforesaid, the Company may, at its sole discretion, instruct the Service Provider to immediately
    stop providing the Services, despite the Prior Notice Period, or terminate the Services at any time during the Prior Notice
    Period, provided the Company pays the Service Provider, in advance, on the due date for payment, the full consideration owing
    for the remainder of the Prior Notice Period.


 






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	 	5.4.	Notwithstanding
    that stated in section 5.1 above, the parties agree that the Company may immediately terminate the engagement with the Service
    Provider, without Prior Notice and without the Company being liable to pay for such Prior Notice Period, in each of the following
    events:


 


	 	5.4.1.	The
    Service Provider has fundamentally breached his obligations under this Agreement.


 


	 	5.4.2.	The
    Service Provider was convicted of a criminal offense involving moral turpitude.


 


	 	5.4.3.	Initiation
    of bankruptcy proceedings against the Service Provider.


 


	 	5.4.4.	The
    Service Provider passed away and/or became incapacitated and/or lost his work ability for a period exceeding 45 days.


 


	 	5.5.	Upon
    termination, for any reason, of the engagement between the Company and the Service Provider, the Service Provider undertakes
    to transfer his position in an orderly fashion to such person as the Company shall instruct.


 


	 	5.6.	Should
    the Service Provider’s service be terminated or come to an end, for any reason, including, without limitation, under the provisions
    of this section above, the Service Provider undertakes, to immediately and without delay return to the Company, at the location
    indicated by the Company, any written and/or printed and/or recorded and/or typed material and/or any other information that
    reached him or anyone on his behalf or was prepared by him or by anyone on his behalf in connection with the providing of
    the Services under this Agreement.


 


	 	5.7.	The
    Service Provider further undertakes to return to the Company any equipment and/or assets belonging to the Company and in his
    possession, all in good condition as such were received by the Service Provider, save for depreciation and normal wear and
    tear due to reasonable use thereof.


 


	 	5.8.	It
    is hereby clarified, that upon revocation of the Agreement, for any reason, any provisions which by their nature are intended
    to survive the expiry or termination of this Agreement, shall so survive, including, without limitation, the following sections:
    5 (The Agreement Term and Revocation), 10 (Absence of Employee-Employer Relationship), 11 (Confidentiality; Non-Competition
    and Conflict of Interests), 12 (Miscellaneous).


 


	 	6.	Company
    Supervision


 


By
virtue of his position, the Service Provider shall be subordinated to the CEO of the Company.


 


	 	7.	Consideration
    and Benefits


 


	 	7.1.	In
    consideration for and subject to full compliance of the Service Provider with the provisions hereof, the Company will pay
    the Service Provider a fixed monthly payment in the amount of NIS 30,000 (thirty thousand Israeli Shekels), plus lawful VAT,
    against a duly issued tax invoice (hereinafter: the “Monthly Payment”).


 






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	 	7.2.	In
    addition, the Company will reimburse the Service Provider for his car expenses and cellular phone in the amount of NIS 3,000
    per month plus lawful VAT, against a duly issued tax invoice. In addition to the expenses set forth above, the Company will
    cover the Service Provider’s expenses incurred in Israel and abroad in connection with the providing of the Services,
    in accordance with the Company’s Expenses coverage procedure.


 


	 	7.3.	To
    the extent that for any reason during a certain period (including reserve military service days) no Services are provided
    by the Service Provider, a pro rata share of the Service Provider’s Monthly Payment will be set off, excluding an accumulated
    period of up to 22 days each year, which for the purpose of implementation of this provision will not be taken into account.
    The Service Provider will report once a month of any leave of absence taking place during the month, excluding weekends.


 


	 	7.4.	The
    Monthly Payment will be paid by the 15th day of the month for the previous month and subject to the receipt of
    a duly issued tax invoice of the Service Provider.


 


	 	7.5.	Subject
    to section 8 below, the amounts payable to the Service Provider as set forth in this section 7 constitute the full, agreed
    and final consideration for the Services to be provided by Service Provider hereunder, including any payment, tax, levy and/or
    fee of any kind whatsoever as well as all related and/or ancillary payments for the Services hereunder.


 


	 	7.6.	The
    Service Provider shall be responsible for the payment of any taxes and for any other mandatory payments applicable with respect
    to the payments, rights and benefits to which the Service Provider is entitled under this Agreement. Without derogating from
    the generality of the aforesaid, to the extent it is liable to do so under any law, the Company may withhold at the source,
    from any consideration payable to the Service Provider hereunder, all taxes required to be paid under the law, unless the
    Service Provider delivers to the Company an exemption from the withholding of tax at source.


 


	 	8.	Options
    


 


The
Service Provider is entitled to 1,794,205 option warrants convertible into 1,794,205 shares of the Company, pursuant to its employee
stock option plan to be adopted by the Company under the provisions of Section 102 of the Income Tax Ordinance. It is clarified
that the options will be allocated to the Service Provider after the Company adopts an employee stock option plan under section
102 of the Income Tax Ordinance. The exercise period for any option warrant will be 3 years following the allocation date, the
additional exercise money will be in accordance with the minimum amount required under the Stock Exchange Rules and the warrants
will be subject to adjustments as provided in the options plan.


 






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	 	9.	Officeholders
    Insurance


 


The
Company will include the Service Provider in the directors’ and officers’ liability insurance policy, procured by the Company.


 


	 	10.	Absence
    of Employee - Employer Relationship 


 


	 	10.1.	The
    Service Provider hereby declares that he owns an independent business through which he provides the Services to the Company;
    the Service Provider further declares that he is registered as an independent dealer for VAT purposes and registered as an
    independent dealer with the National Insurance Institute and the Income Tax authorities.


 


	 	10.2.	The
    Service Provider declares and undertakes that this type of engagement, as set forth herein, was expressly elected by him and
    that he is fully aware of any consequences and implications arising from this type of engagement.


 


	 	10.3.	The
    Service Provider hereby declares that in the framework of providing the Services by him under this Agreement, there have not
    been, and there will be no, employee - employer relationship between him and the Company with all the implications of that
    statement. This, in light of the Service Provider’s explicit election not to become an employee of the Company and his
    election to provide the Services in the status of an independent contractor, after fully understanding the entire significance
    of such status, as set forth in section 10.2 above.


 


	 	10.4.	The
    Service Provider hereby undertakes to indemnify the Company for any actions whatsoever commenced against the Company, due
    to the question of whether employee - employer relationship have existed between him and the Company, regardless of whether
    such action commences by the Service Provider and/or any of his employees and/or successors and/or their legal heirs or by
    any other third party.


 


	 	10.5.	Without
    derogating from the aforesaid in section 10.1, the Service Provider hereby declares that it is clear to him and he agrees
    that the consideration set forth in section 7 above is based on his declarations in sections 10.1-10.4 above, on the representation
    he made to the Company and the basic assumption underlying the agreement between him and the Company that there have not been,
    and there will be no, employee - employer relationship between him and the Company.


 


	 	10.6.	Therefore,
    the Service Provider hereby agrees that in the event that he claims and/or demands any rights from the Company due to the
    existence of employee - employer relationship between him and the Company and/or if any legal instance and/or any other entity
    determines, that indeed such employee - employer relationship exist, then the proper value of services of the Service Provider
    as employee will be calculated as 60% of the consideration stipulated in section 7 above and such consideration shall be deemed
    to have been initially agreed and the Service Provider will return to the Company the difference of 40% of the consideration
    plus lawful linkage differentials and interest, from the date of payment of any such consideration until actual payment thereof.


 






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That
stated in this section shall apply, regardless of whether a claim regarding the existence of any employee - employer relationship
is raised and/or if any such action is commenced against the Company and/or any other affiliate thereof, by the Service Provider
or by any of his employees and/or successors and/or their estate and/or their heirs and/or by any other third party related thereto.
In this context, the Service Provider and/or his estate shall be deemed obligated to make restitution as aforesaid, prior to the
making of any payment whatsoever to the Service Provider and/or his estate and/or successors.


 


	 	10.7.	That
    stated in this section, including its subsections shall be regarded as a fundamental condition of this Agreement.


 


	 	11.	Confidentiality;
    Non-Competition and Conflict of Interests 


 


	 	11.1.	The
    Service Provider hereby undertakes to keep in strict confidence any data and/or document and/or knowhow and/or information
    pertaining to the Services provided to the Company and/or the Company’s business activities (hereinafter: the “Confidential
    Information”). The Service Provider is aware of the fact that any such information, which is not generally available
    in the public domain, is the property of the Company. The foregoing shall not apply to any information that is already generally
    available in the public domain, provided that it has not reached the public domain as a result of an act or omission of the
    Service Provider and/or anyone on his behalf. The Service Provider hereby undertakes not to make any use whatsoever of the
    Confidential Information, other than for the purpose of providing his Services under this Agreement and as part of such Services,
    all for the benefit of the Company.


 


	 	11.2.	The
    Service Provider undertakes to avoid being in a situation of conflict of interests between his various business activities
    and the providing of his Services under this Agreement to the Company. In any event of concern for potential conflicts of
    interest, the Service Provider undertakes to provide notice thereof to the Company in advance and obtain the Company’s
    written consent for such act.


 


	 	11.3.	The
    Service Provider hereby undertakes that throughout the term of this Agreement and for a period of 4 months following the termination
    of this Agreement, for any reason (hereinafter: the “Non-Competition Period”), the Service Provider shall
    not, directly and/or indirectly, work and/or provide services, either by himself or through any corporation on his behalf,
    as a salaried employee, self-employed person, consultant, partner, shareholder, director or otherwise, as part of or for any
    customer of the Company, or for any person or company having business relationships with the Company, or for any competitor
    of the Company.


 


	 	11.4.	The
    Service Provider further undertakes not to approach during the Non-Competition Period any of the Company’s customers
    or suppliers, including such entities with whom the Company has conducted negotiations at time of termination of this Agreement,
    with an intent to make them his own customers or suppliers, respectively, and shall not propose any business transactions
    to them dealing with the same line of business in which the Company is active, other than in the name of the Company and as
    part of the Services provided thereto and/or shall not receive from them and/or from any person, company or entity affiliated
    thereto, either directly or indirectly, any position, invitation, offer, work, provision of service or business in which the
    Company is or has been engaged or, to the Service Provider’s best knowledge, contemplated to engage.


 


	 	11.5.	The
    Service Provider’s undertakings under this section constitute fundamental conditions of this Agreement.


 






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	 	12.	Miscellaneous


 


	 	12.1.	Parties’
    addresses for the purpose of this Agreement are as follows:


 


	 	12.1.1.	The
    Service Provider - 37 Ussishkin Str., Ramat Hasharon


 


	 	12.1.2.	The
    Company - 7 Jabotinsky Street, Ramat Gan.


 


	 	12.2.	Any
    notice sent by one party to the other party will be deemed to have been received by the addressee within 72 hours after being
    posted at the post office in a registered letter and if delivered by hand, shall be deemed to have been immediately received.


 


	 	12.3.	This
    Agreement represents all agreements and understandings between the parties in relation to the providing of the Services and
    revokes any prior agreement and/or understanding.


 


	 	12.4.	Any
    change and/or revocation of any of the provisions hereof may only be made by a writing signed by both parties.


 


	 	12.5.	The
    Service Provider may not endorse and/or assign to any other person all or any of his rights and/or obligations under this
    Agreement, unless the Company has given its prior written approval for such.


 


	 	12.6.	The
    Service Provider has no and shall have no right of lien over any documents belonging to the Company, including documents which
    were prepared by and/or through him or any of the Company’s equipment which was made available for his use in the course
    of providing the Services, and he will return any such documents or equipment to the Company upon its first demand, unless
    such involve a Substantial Default in payment of the Monthly Payment by the Company as set forth in section 7.4 above, and
    for this purpose, “Substantial Default” means a delay of 60 days following the due day for payment of the Monthly
    payment in section 7.4, in which case the right of lien shall be available to the Service Provider. The foregoing shall not
    derogate from any rights and/or relief available to the Service Provider under any law.


 


	 	12.7.	No
    delay in exercising, or default to exercise, any of the parties’ rights under this Agreement shall be deemed as waiver
    or preclusion of such party.


 


	 	12.8.	This
    Agreement is governed by the laws of the State of Israel. The parties hereby submit to the exclusive jurisdiction and venue
    of the competent courts and tribunals in Tel-Aviv-Yafo for any legal proceedings or disputes arising in connection with this
    Agreement.


 



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In
Witness Whereof the Parties Have Set their Hand 

on the Date set forth in the Preamble hereof:


 





		 	ASIA
    PITUACH (A.D.B.M.) LTD.
	/s/
    Eli Yoresh	 	 
	Eli
    Yoresh	 	By:	/s/
    Haim Siboni
	 	 	Name:	Haim
    Siboni
	 	 	Title:	CEO


  


 


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