Exhibit 4.3


 


Summary
Translation of Services Agreement Dated January 5, 2016


 


On
January 5, 2016, Magna BSP Ltd. (the “Parent”) entered into a services agreement (the “Agreement”) with
Foresight Automotive Ltd. (under its previous name, Four Eyes Autonomous Ltd.) (the “Subsidiary”). The parties entered
into the Agreement in connection with the merger agreement (the “Merger Agreement”) dated October 11, 2015 by and
among the Parent, the Subsidiary and Foresight Autonomous Holdings Ltd. (under its previous name, Asia Development A.D.B.M. Ltd.).


 


The
main terms of the Agreement are as follows:


 


The
Transaction:


 


		1.	The
                                         Services: During the period of the Agreement, the Parent shall provide to the Subsidiary
                                         the services of software development in the field of vehicle safety for products that
                                         are being installed in the vehicle for the prevention of vehicular accidents (the
                                         “Services”). The Services shall be performed in accordance with the Subsidiary’s
                                         needs, as the Subsidiary shall require from time to time and as agreed upon between the
                                         parties.



  


		2.	The
                                         Term of the Agreement: The Agreement shall commence immediately after the closing
                                         date of the Merger Agreement and shall continue for a period of twelve (12) months thereafter.
                                         The Subsidiary shall be entitled to extend the term of the Agreement for two additional
                                         twelve (12) month periods, by providing a sixty (60) days prior written notice to the
                                         Parent.



  


		3.	Consideration:
                                         The Subsidiary shall pay to the Parent monthly payments for the Services actually provided
                                         by the Parent each month, pursuant to agreed upon rates for each of the Parent’s
                                         workers. In any event, the monthly consideration shall not exceed NIS 200,000 plus VAT
                                         as required by law.



  


		4.	Intellectual
                                         Property: All the rights in connection with the Services relating to the Subsidiary’s
                                         activities, including all the intellectual property rights, inventions, developments,
                                         etc., shall be the exclusive property of the Subsidiary. A development which is not an
                                         invention and not in the field of vehicle safety, shall be owned by the Parent.



  


		5.	Restriction
                                         on Competition: During the term of the Agreement and 12 months thereafter, the Parent
                                         shall not provide services in the field of vehicle safety that compete with the Subsidiary’s
                                         business, without prior written consent of the Subsidiary.



  


		6.	Confidentiality:
                                         During the term of the Agreement and for seven years thereafter, the Parent shall keep
                                         confidential all of the Subsidiary’s confidential information obtained pursuant
                                         to providing the Services.



 


Representations
and Warranties: The Parent provided representations and warranties that are customary to these types of transactions, such
as to perform its undertaking under the Agreement in a high-professional level, to hold and maintain all the required permits
and licenses for the Services provided, having the know-how and the experience required for the provision of the Services, etc.