Exhibit 10.1


 


Personal
Employment Agreement


 


This
Personal Employment Agreement ("Agreement") is entered into as of January 18, 2017 by and between Enertec
Electronics Ltd., a company organized under the laws of the State of Israel, whose principle place of business is located
at 27 Hmetzuda street, Azur, Israel, (the "Company") and Oren Harari, (the "Employee").


 


	WHEREAS	the
                                         Company desires to engage the Employee in the position described in Exhibit A,
                                         and the Employee represents that he has the requisite skill and knowledge to serve as
                                         such; and



 


	WHEREAS	the
                                         parties desire to set forth herein the terms and conditions of the Employee's engagement
                                         by the Company, effective as of the date of this Agreement, as set forth below.



 


NOW
THEREFORE, in consideration of the mutual promises contained herein, and intending to be legally bound, the parties hereto
hereby declare and agree as follows:


 


	1.	Appointment;
                                         the Position



 


		1.1.	The
                                         Company hereby appoints the Employee to act in the position described in Exhibit A.
                                         The Employee shall report regularly to the officer of the Company set forth in Exhibit
                                         A with respect to Employee's activities and shall be subject to the direction and
                                         control of such officer.
	 	 	 
		1.2.	During
                                         the Term (as such term is defined below), Employee's employment shall be on a full time
                                         basis, Employee shall devote Employee's entire business time and attention to the business
                                         of the Company and shall not undertake or accept any other paid or unpaid employment
                                         or occupation except for the such engagement parties agreed upon prior to signing this
                                         agreement or with the prior written consent of the management of the Company.
	 	 	 
		1.3.	Employee
                                         shall perform Employee's duties diligently, in good faith and in furtherance of the Company's
                                         best interests. Employee agrees and undertakes to inform the Company, immediately after
                                         Employee becomes aware of it, of any matter that may in any way raise a conflict of interest
                                         between the Employee or any member of Employee's family and the Company. During the Term,
                                         Employee shall not receive any payment, compensation or benefit from any third party
                                         in connection, directly or indirectly, with the execution of Employee's position.
	 	 	 
		1.4.	Employee
                                         shall perform Employee's duties hereunder at the Company's facilities in Israel, but
                                         understands and agrees that Employee's position may involve travel abroad.



 


	2.	Employee's
                                         Representations and Warranties 



 


The
Employee represents and warrants that the execution and delivery of this Agreement and the fulfillment of its terms will not constitute
a default under or conflict with any agreement or undertaking that the Employee may be bound by. Further, with respect to any
past engagement the Employee may have had with third parties and with respect to any permitted engagement the Employee may have
with any third party during the term of the Employee's engagement with the Company (for purposes hereof, such third parties shall
be referred to as "Other Employers"), the Employee represents, warrants and undertakes that: (a) the Employee's
engagement with the Company is and will not be in breach of any of the Employee's undertakings toward Other Employers, and (b)
the Employee will not disclose to the Company, nor use, in provision of any services to the Company, any proprietary or confidential
information belonging to any Other Employers.


 






     


     


    

 


	3.	Term
                                         of Employment



 


		3.1.	The
                                         Employee has assumed, or shall assume, Employee's duties on the date set forth in Exhibit
                                         A (the "Commencement Date"). This Agreement shall commence on the
                                         Commencement Date and shall continue until it is terminated as hereafter provided. The
                                         term of this Agreement shall be referred to herein as the "Term".
	 	 	 
		3.2.	Either
                                         party to this Agreement may terminate this Agreement and the employment relationship
                                         hereunder at its own discretion at any time, by giving a prior written notice of 60 days
                                         to the other party.
	 	 	 
		3.3.	Notwithstanding
                                         the aforesaid: (a) in the event of Cause (as defined hereafter) or in the event of the
                                         Disability of Employee (as hereinafter defined), the Company shall be entitled to terminate
                                         this Agreement immediately and this Agreement and the employment relationship shall be
                                         deemed effectively terminated as of the time of delivery of the Company's notice to that
                                         extent. The term "Cause" as used herein shall mean: (i) a determination
                                         by the Company, in the reasonable judgment of the Board of Directors of the Company (the
                                         “Board”), that the Employee has engaged in gross misconduct or breach of
                                         discipline or a serious breach of confidence; (ii) indictment or conviction of any felony
                                         involving moral turpitude or affecting the Company or its subsidiaries; (iii) any refusal
                                         to carry out a reasonable directive of the Board which involves the business of the Company
                                         or any subsidiaries thereof and was capable of being lawfully performed; (iv) embezzlement
                                         of funds of the Company or its subsidiaries; (v) falsification of records or reports;
                                         (vi) ownership, direct or indirect, of an interest in a person or entity (other than
                                         a minority interest in a publicly traded company) in competition with the products or
                                         services of the Company or its subsidiaries, including those products or services contemplated
                                         in a plan adopted by the Board or its subsidiaries; (vii) any breach of the Employee's
                                         fiduciary duties or duties of care to the Company (except for conduct taken in good faith);
                                         (viii) any breach of this Agreement or the Proprietary Information, Non-Competition and
                                         Assignment of Inventions Agreement attached hereto as Exhibit B, by the Employee,
                                         and (ix) any conduct (other than conduct in good faith) materially detrimental to the
                                         Company or its subsidiaries; (x) any other act or omission that constitutes "cause"
                                         under the laws of any jurisdiction in which the Company or any of its subsidiaries conducts
                                         its business at the time of such act. “Disability” shall mean any
                                         physical or mental illness or injury as a result of which Employee remains absent from
                                         work for a period of six (6) successive months, or an aggregate of six (6) months in
                                         any twelve (12) month period. Disability shall occur upon the end of such six-month period;
                                         (b) Employee's employment shall be deemed immediately terminated in case of his death.
	 	 	 
		3.4.	During
                                         the period following notice of termination by either party, unless otherwise determined
                                         by the Company in a written notice to Employee, the Employee shall continue to perform
                                         any and all of Employee's duties under this Agreement and shall cooperate with the Company
                                         and use Employee's best efforts to assist the integration into the Company's organization
                                         of the person or persons who will assume the Employee's responsibilities.



 






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	4.	Proprietary
                                         Information; Confidentiality and Non-Competition



 


The
Employee hereby agrees to the provisions of the Company’s Proprietary Information, Confidentiality and Non-Competition Agreement
attached in Exhibit B hereto and simultaneously herewith executes a copy thereof.


 


	5.	Salary



 


		5.1.	Salary.
                                         The Company shall pay to the Employee as compensation for the employment services an
                                         aggregate base salary in the gross amount set forth in Exhibit A (the “Salary”).
                                         Except as specifically set forth herein and except all insurance and social benefits
                                         stated in section 6 hereunder, the Salary includes any and all payments to which the
                                         Employee is entitled from the Company hereunder and under any applicable law, regulation
                                         or agreement. The Employee's Salary and other terms of employment may be reviewed and
                                         updated by the Company's management, from time to time, at the Company's discretion.
                                         The Salary is to be paid to the Employee in accordance with the Company's normal and
                                         reasonable payroll practices, after deduction of applicable taxes and like payments.
	 	 	 
		5.2.	The
                                         Employee hereby declares and explicitly agrees that employee's office is of managerial
                                         level that requires special degree of trust, and therefore the provisions of the Hours
                                         of Work and Rest Law 5711-1951 shall not apply to the Employee's employment.
	 	 	 
		5.3.	Payment
                                         of the Salary shall be made no later than the 9th day of each calendar month after the
                                         month for which the salary is being made.



 


	6.	Insurance
                                         and Social Benefits



 


		6.1.	Subject
                                         to the terms of the Extension Order for Comprehensive Pension Insurance in the Industry
                                         pursuant to the Collective Agreements Law 5717-1957 (the "Extension Order")
                                         as may be amended from time to time, the Company shall insure the Employee at the Employee's
                                         choice either at a pension fund or under an accepted Manager's Insurance Scheme, either
                                         of which to be selected by the Employee (the "Insurance Scheme"). In
                                         addition, the Employee will be entitled to have a study fund (Keren Hishtalmut) at his
                                         discretion of which the Company will pay 7.5% and 2.5% will be paid be the Employee.
	 	 	 
		6.2.	With
                                         regard to Severance Pay Law (1963), notwithstanding any terms of the applicable extension
                                         order, the terms of section 14 of said law will not apply, and the following terms shall
                                         apply:



 


		6.2.1	Upon
                                         termination of Employee’s employment in the Company by the Company (dismissal or
                                         retirement) for any reason other than for Cause (as such term is defined in section 3.3
                                         of the Agreement) the Company shall pay to the employee the severance payment due to
                                         him under the Severance Pay Law (1963), by way of (i) automatically releasing and transferring
                                         to Employee all rights and payments accrued in the Insurance Scheme (and filling and
                                         submitting all required forms in this regard); and (ii) where the amounts so accrued
                                         are smaller than the amount of severance payments due to the Employee as aforesaid -
                                         paying to the Employee the balance between such accumulated amounts and the severance
                                         fees due to Employee as aforesaid.



 






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		6.2.2	Upon
                                         Employee’s resignation of his employment in the Company for any reason other than
                                         for Cause the Company shall only automatically release and transfer to Employee all rights
                                         and payments accrued in the Insurance Scheme (and will fill and submit all required forms
                                         in this regard).
	 	 	 
		6.2.3	Notwithstanding
                                         anything above to the contrary, in any of the following events: (i) the event of termination
                                         for Cause; (ii) termination in circumstances that deny the Employee from the right to
                                         receive severance payments under applicable law; or (iii) in the event of resignation
                                         in circumstances where if not for Employee's resignation, the Company could have dismissed
                                         the Employee for Cause – the Employee shall not be entitled to any severance pay,
                                         and the funds accumulated in the Insurance Scheme towards severance pay will be returned
                                         to the Company.



 


		6.3	The
                                         Company shall pay an amount of 2.5% of the Salary towards a fund for the event of loss
                                         of working ability (Ovdan Kosher Avoda).
	 	 	 
		6.4	The
                                         Employee will bear any and all taxes applicable to the Employee in connection with any
                                         amounts paid by the Employee and/or the Company to the Insurance Scheme under this Section
                                         6.



 


	7.	Additional
                                         Benefits



 


		7.1.	The
                                         Employee shall be entitled to be reimbursed for Employee's necessary and actual business
                                         expenses including related vehicle expenses such as gasoline, toll roads and acceptable
                                         maintenance charges in accordance with the Company’s policies, as the same shall
                                         change from time to time Employee shall be entitled to that number of vacation days per
                                         year set forth in Exhibit A. Vacation days may be carried forward from one year
                                         to the next to the extent permitted by law. The Employee shall not receive payment in
                                         lieu of any unused vacation days, except in the context of the termination of the Employee's
                                         employment with the Company.
	 	 	 
		7.2.	The
                                         Employee's entitlement to sick leave shall be in accordance with applicable law - against
                                         the presentation of appropriate medical records.
	 	 	 
		7.3.	The
                                         Employee shall be entitled to Recreation Pay (Dmei Havra’a) pursuant to applicable
                                         extension order.
	 	 	 
		7.4.	Employee
                                         shall be entitled to additional benefits if and to the extent set forth in Exhibit
                                         A.



 






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	8.	Miscellaneous



 


		8.1.	The
                                         preamble to this Agreement constitutes an integral part hereof. Headings are included
                                         for reference purposes only and are not to be used in interpreting this Agreement.
	 	 	 
		8.2.	In
                                         case of contradiction between any of the Agreement’s provisions and the provisions
                                         of Exhibits A or B, the provisions of the Exhibits shall govern.
	 	 	 
		8.3.	The
                                         laws of the State of Israel shall apply to this Agreement and the sole and exclusive
                                         place of jurisdiction in any matter arising out of or in connection with this Agreement
                                         shall be the Tel-Aviv Regional Labor Court.
	 	 	 
		8.4.	The
                                         provisions of this Agreement are in lieu of the provisions of any collective bargaining
                                         agreement, and therefore, no collective bargaining agreement shall apply with respect
                                         to the relationship between the parties hereto (subject to the applicable provisions
                                         of law).
	 	 	 
		8.5.	No
                                         failure, delay of forbearance of either party in exercising any power or right hereunder
                                         shall in any way restrict or diminish such party's rights and powers under this Agreement,
                                         or operate as a waiver of any breach or nonperformance by either party of any terms of
                                         conditions hereof.
	 	 	 
		8.6.	In
                                         the event it shall be determined under any applicable law that a certain provision set
                                         forth in this Agreement is invalid or unenforceable, such determination shall not affect
                                         the remaining provisions of this Agreement unless the business purpose of this Agreement
                                         is substantially frustrated thereby.
	 	 	 
		8.7.	This
                                         Agreement constitutes the entire understanding and agreement between the parties hereto,
                                         supersedes any and all prior discussions, agreements and correspondence with regard to
                                         the subject matter hereof, and may not be amended, modified or supplemented in any respect,
                                         except by a subsequent writing executed by both parties hereto.
	 	 	 
		8.8.	The
                                         Employee acknowledges and confirms that all terms of Employee's employment are personal
                                         and confidential, and undertakes to keep such terms in confidence and refrain from disclosing
                                         such terms to any third party.



 


IN
WITNESS WHEREOF, the parties have executed this Agreement as of the date first above written.


 


	The
    Company: Enertec Electronics Ltd.	 	Employee:
    Oren Harari
	 	 	 	 	 
	By:	/s/
    David Lucatz	 	By:	/s/
    Oren Harari
	Name:	David
    Lucatz	 	Name:	Oren
    Harari
	Title:	President
    and Chief Executive Officer	 	Title:	Chief
    Financial Officer


 




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Exhibit
A 


 


To
Personal Employment Agreement by an between Enertec Electronics Ltd


and
the Employee whose name is set forth herein


 


	Name
    of Employee	Oren
    Harari
	 	 
	ID
    Number of Employee	27494103
	 	 
	Employee’s
    Personal Address	47
Plmach Street, Kfar-Yona, , Israel.

	 	 
	Position
    in Company	Chief
    Financial Officer of Micronet Enertec Technologies Inc. ("MICT")
	 	 
	Reporting
    to	Chief
    Executive Officer
	 	 
	Commencement
    Date	January
18, 2017
	 	 
	Salary
    (NIS)	NIS
        23,850 (Twenty-three thousand eight hundred and fifty NIS).

                                                          

        NIS
        8,750 (Eight thousand seven hundred and fifty NIS)- for global overtime

         

        NIS
        2,400 (Two thousand four hundred NIS) for non-competition, at total of NIS 35,000.

	 	 
	Bonus	Employee
        shall be entitled to a Bonus pursuant to a personal bonus scheme, which shall be determined on a yearly basis and shall
        paid based on MICT achieving any: (i) closing of a merger or acquisition transaction by MICT and/or its subsidiaries of
        a target company or business (ii) the closing of an equity and/or debt fund raising pursuant to a private or public offering
        ("Entitling Transaction").

                                                          

        In
        the event of an Entitling Transaction, Employee shall be entitled to a cash bonus based on the following milestones: If
        the Entitling Transaction shall be (i) for a total consideration, equity and/or debt fund raising of up to USD $10 million,
        Employee shall be entitled to a bonus equal to 0.5% of the Entitling Transaction related consideration, equity and/or
        debt fund raising; (ii) for a total consideration, equity and/or debt fund raising between USD $10 million and USD $30
        million, Employee shall be entitled to a bonus equal to 0.33% of the Entitling Transaction related consideration, equity
        and/or debt fund raising; or (iii) for a total consideration of over USD $30 million Employee shall be entitled to a bonus
        equal to 0.2% of the Entitling Transaction related consideration, equity and/or debt fund raising; all of the above provided
        however that in any event the bonus due and payable to Employee per each Entitling Transaction, such bonus is capped and
        shall not exceed USD 250,000.

         

        Consideration
        shall mean cash, cash equivalents, stock, warrants or any other assets or goods transferred in any Entitling Transaction.

        




 






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	 	Bonus payment shell be paid in full
no later than 30 days from Closing of such Entitling Transaction.

                                                          


In case of an Entitling Transaction
which includes an acquisition of shares or assets and an equity/debt fund raising related to the acquisition, the entitling consideration
amount will be the highest of the two.

 


In case of an Entitling Transaction
which will include a share swap of sorts (and no cash), Employee will be entitled to a minimum bonus in cash of $50,000 and the
rest in shares based on the terms of the transaction.

 


In case the above bonus compensation will be less than $50,000
per each 12 month of employment commencing January 18, 2017, the Company guarantees to pay Employee the difference between $50,000
and the actual bonus compensation paid.





	 	 
	Vacation
    Days per Year	22
	 	 
	Grant
    of Options	Subject
        to the receipt of approval required by the compensation committee and/or the board of directors of Micronet Enertec Technologies
        Inc. ("MICT" or "Parent Company"), pursuant to the terms and conditions of the MICT
        2012 Incentive Share Option Plan (the "Plan"), Employee shall be granted options to purchase up to 100,000
        shares of the common stock, $0.001 par value per share, at the exercise price of $4.3 per share, of Micronet Enertec Technologies
        Inc. (the “Option”). As aforementioned, the grant of the Options and the exercise price thereof are
        subject to the final approval of MICT's Board of Directors (which will be granted prior to the Commencement Date), to
        the Plan and to a specific stock option agreement to be executed under the Plan.

                                                          

        A
        pre condition for the effectiveness of this Agreement shall be the approval by the Employee and MICT (through its compensation
        committee and/or the board of directors of MICT) for adoption of the following terms related to the Options: 1/4 of the
        Option will vest on the date of grant, and the remainder of the Option shall vest at a rate of 1/4 upon the completion
        of every year from the date of the commencement date. Upon the completion of 3 years following the date of grant (the
        “Final Date”) or at such earlier date, as set below, all Options shall become vested,

         

        Notwithstanding
anything to the contrary, the Board of Directors may determine at its sole and exclusive discretion that all or certain Options
(including such that have otherwise not become vested) shall accelerate and shall vest upon a Corporate Transaction event as set
forth in the Plan.




 






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	Company
    Phone	The
    Employee is entitled to a Company paid mobile phone. The Employee will transfer his personal mobile phone number 054-9910807
    to the ownership of the Company and the Company will transfer back the ownership of this number to the Employee once the Employee
    will cease to be an employee of the Company.
	 	 
	Additional
    Agreements	None.


 


	The
    Company: Enertec Electronics Ltd.	 	Employee:
    Oren Harari
	 	 	 	 	 
	By:	/s/
    David Lucatz	 	By:	/s/
    Oren Harari
	Name:	David
    Lucatz	 	Name:	Oren
    Harari
	Title:	President
    and Chief Executive Officer	 	Title:	Chief
    Financial Officer


 




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Exhibit
B


 


to
Personal Employment Agreement by an between Eneretc Electronics Ltd.


and
the Employee whose name is set forth herein


 


	Name
    of Employee:	Oren
    Harari
	 	 
	ID
    No. of Employee:	27494103


 


	1.	General



 


		1.1.	All
                                         the capitalized terms herein shall have the meanings ascribed to them in the Employment
                                         Agreement to which this Exhibit is attached (the “Agreement”); however,
                                         the term "Company" herein includes the parent company of the Company and any
                                         subsidiary thereof, as applicable. For purposes of any undertaking of the Employee toward
                                         the Company, the term Company shall include all subsidiaries and affiliates of the Company.
	 	 	 
		1.2.	The
                                         Employee's obligations and representations and the Company's rights under this Exhibit
                                         shall apply as of the commencement of the employment relationship between the Company
                                         and the Employee, regardless of the date of execution of the Agreement.



 


	2.	Confidentiality;
                                         Proprietary Information



 


		2.1.	Employee
                                         acknowledges and agrees that Employee will have access to confidential and proprietary
                                         information (whether originated by the Company or received from third parties) concerning
                                         the business and financial activities of the Company, including information relating
                                         to the Company's research and development, banking, investments, investors, properties,
                                         employees, marketing plans, customers, suppliers, trade secrets, test results, processes,
                                         data, know-how, improvements, inventions, techniques and products (actual or planned).
                                         Such information, whether documentary, written, oral or computer generated, shall be
                                         referred to as "Proprietary Information".
	 	 	 
		2.2.	Proprietary
                                         Information shall be deemed to include any and all proprietary information disclosed
                                         by or on behalf of the Company and irrespective of form but excluding information that
                                         (i) was known to Employee prior to Employee's association with the Company and can be
                                         so proven; (ii) is or shall become part of the public knowledge except as a result of
                                         the breach of the Agreement or this Exhibit by the Employee; (iii) reflects general skills
                                         and experience gained during Employee's engagement by the Company; or (iv) reflects information
                                         and data generally known in the industries or trades in which the Company operates.
	 	 	 
		2.3.	Employee
                                         agrees that all Proprietary Information, and patents, trademarks, copyrights and other
                                         intellectual property and ownership rights in connection therewith shall be the sole
                                         property of the Company and its assigns. At all times, both during Employee's engagement
                                         by the Company and after Employee's termination, Employee will keep in confidence and
                                         trust all Proprietary Information, and the Employee will not use or disclose any Proprietary
                                         Information or anything relating to it without the written consent of the Company, except
                                         as may be necessary in the ordinary course of performing Employee's duties under the
                                         Agreement.



 






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		2.4.	Upon
                                         termination of Employee's employment with the Company, Employee will promptly deliver
                                         to the Company all documents and materials of any nature pertaining to Employee's work
                                         with the Company, and will not take with Employee any documents or materials or copies
                                         thereof containing any Proprietary Information.
	 	 	 
		2.5.	At
                                         all times, both during Employee's employment with the Company and thereafter, Employee
                                         will keep in confidence and trust all information in connection with his employment terms
                                         with the Company, including, without limitation, the Employee's salary, social and other
                                         benefits, terms regarding Options and any other related information (the "Employment
                                         Terms"). Employee will not disclose or discuss any of the Employee's Employment
                                         Terms or anything relating to it, except with the Employee's legal counsel, without the
                                         written consent of the Company.
	 	 	 
		2.6.	Employee's
                                         undertakings set forth in this Section 2 shall remain in full force and effect after
                                         termination of this Agreement or any renewal thereof until the Proprietary Information
                                         becomes part of the public knowledge except as a result of the breach of the Agreement
                                         or this Exhibit by the Employee.



 


	3.	Disclosure
                                         and Assignment of Inventions



 


		3.1.	Employee
                                         understands that the Company is engaged in a continuous program of research, development,
                                         and production and marketing in connection with its business.
	 	 	 
		3.2.	From
                                         and after the date Employee first became employed with the Company, Employee undertakes
                                         and covenants that Employee will promptly disclose in confidence to the Company all inventions,
                                         improvements, designs, concepts, techniques, methods, systems, processes, know how, computer
                                         software programs, databases, mask works and trade secrets ("Inventions"),
                                         whether or not patentable, copyrightable or protectable as trade secrets, that are made
                                         or conceived or first reduced to practice or created by Employee, either alone or jointly
                                         with others, during the period of Employee's employment and in connection with Employee's
                                         employment.
	 	 	 
		3.3.	Employee
                                         agrees that all Inventions that (a) are developed using equipment, supplies, facilities
                                         or trade secrets of the Company, (b) result from work performed by Employee for the Company,
                                         or (c) relate to the Company's business or current or anticipated research and development,
                                         will be regarded as Service Invention in the meaning of the Israeli Patent Law, 5727-1967
                                         and will be the sole and exclusive property of the Company ("Company Inventions").
	 	 	 
		3.4.	Employee
                                         hereby irrevocably transfers and assigns to the Company all worldwide patents, patent
                                         applications, copyrights, mask works, trade secrets and other intellectual property rights
                                         in any Company Invention, and any and all moral rights that Employee may have in or with
                                         respect to any Company Invention, and expressly waives any right to any consideration
                                         of any kind with regard to the Company Inventions, the assignment of such and any use
                                         thereof, including without limitation any royalty payment and/or other payment with respect
                                         thereto.



 






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		3.5.	Employee
                                         agrees to assist the Company, at the Company's expense, in every proper way to obtain
                                         for the Company and enforce patents, copyrights, mask work rights, and other legal protections
                                         for the Company's Inventions in any and all countries. Employee will execute any documents
                                         that the Company may reasonably request for use in obtaining or enforcing such patents,
                                         copyrights, mask work rights, trade secrets and other legal protections. Such obligation
                                         shall continue beyond the termination of Employee's employment with the Company for a
                                         period of 2 years. Employee hereby irrevocably designates and appoints the Company and
                                         its authorized officers and agents as Employee's agent and attorney in fact, coupled
                                         with an interest to act for and on Employee's behalf and in Employee's stead to execute
                                         and file any document needed to apply for or prosecute any patent, copyright, trademark,
                                         trade secret, any applications regarding same or any other right or protection relating
                                         to any Proprietary Information (including Company Inventions), and to do all other lawfully
                                         permitted acts to further the prosecution and issuance of patents, copyrights, trademarks,
                                         trade secrets or any other right or protection relating to any Proprietary Information
                                         (including Company Inventions), with the same legal force and effect as if executed by
                                         the Employee himself.



 


	4.	Non-Competition



 


		4.1.	Both
                                         Company and Employee acknowledge Employee's right for freedom of occupation whilst protecting
                                         the Company's legitimate interests. Therefore Employee agrees and undertakes that, so
                                         long as Employee is employed by the Company and for a period of twelve (12) months following
                                         termination of Employee's employment for whatever reason, Employee will not, directly
                                         or indirectly, as owner, partner, joint venturer, stockholder, employee, broker, agent,
                                         principal, trustee, corporate officer, director, licensor or in any capacity whatsoever
                                         engage in, become financially interested in, be employed by, or otherwise render services
                                         to, any business or venture that is engaged in any activities involving products, information,
                                         processes, technology or equipment that are or could reasonably and imminently be competitive
                                         to those of the Company or any of its subsidiaries or affiliates; provided, however,
                                         that Employee may own any securities of any corporation which is engaged in such business
                                         and is publicly owned and traded but in an amount not to exceed at any one time one percent
                                         of any class of stock or securities of such company, and so long as Employee has no role
                                         in the publicly owned and traded company as director, employee, consultant or otherwise.
                                         Employee agrees and understand that his Salary (set forth in Exhibit A) includes adequate
                                         compensation for his undertakings in this Section 4.1 and is about 20% higher than it
                                         would have been should the Employee had not taken said undertakings.
	 	 	 
		4.2.	Employee
                                         agrees and undertakes that during the period of Employee's employment and for a period
                                         of twenty four (24) months following termination, Employee will not, directly or indirectly,
                                         including personally or in any business in which Employee is an officer, director or
                                         shareholder, for any purpose or in any place, solicit for employment or employ any person
                                         employed by the Company (or retained by the Company as a consultant, if such consultant
                                         is prevented thereby from continuing to render its services to the Company) on the date
                                         of such termination or during the preceding twelve (12) months.



 






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		4.3.	If
                                         any one or more of the terms contained in this Section 4 shall for any reason be held
                                         to be excessively broad with regard to time, geographic scope or activity, the term shall
                                         be construed in a manner to enable it to be enforced to the extent compatible with applicable
                                         Israeli law.



 


	Employee:
    Oren Harari	 
	 	 	 
	By:	/s/
    Oren Harari	 
	Name:	Oren
    Harari	 
	Title:	Chief
    Financial Officer	 
	 	 	 
	The
    Company: Enertec Electronics Ltd.	 
	 	 	 
	By:	/s/
    David Lucatz	 
	Name:	David
    Lucatz	 
	Title:	President
    and Chief Executive Officer	 


 


 


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