Exhibit 10.10


 


To: Efficient Finance Ltd.


An Israeli registered company, No. 513302042


From 23 Yehuda Halevi , Tel Aviv (Discount
Tower)


 


Re: Customers' Debts Purchase Plan


 


We, L. and S. Light and Strong Ltd., the undersigned,
Identity No. (Priv.Co./Pub. Co./ID Card) 51-403074, hereby express our interest to join your plan to purchase debts of our customers
as set forth as follows (hereinafter: "the Plan"):


 


Nature of the Plan


		1.	We will sell you debts due to us from customers that we will approve, and you will pay us the full
debts purchased, minus a purchase commission, on total Non Recourse terms and subject to that set forth in this Plan.



		2.	We are aware that the process of your purchasing the debts involves cooperation between you and the
customers, and within the framework of such cooperation, you receive information directly from the databases of the customers regarding
their debts to us, and reliance is made on this information as proof of the existence and confirmation of the debts by the customers.



 


Purchasing
Debts


		3.	We hereby offer you to purchase debts, all or part, due to us from customers approved by us by was
of the form attached as Appendix "A" (hereinafter: "the Customers") by way of a total and final assignment
sale of the debts to you (hereinafter: "the Offer").



		4.	The Offer is limited in time and is not withdrawn unless we notified you regarding exiting from the
Plan in such manner as described below. The Offer shall include at all times every debt due to us from the Customers. We agree
that you may accept our Offer from time to time, without additional approval from us, according to your discretion, and non-acceptance
of the Offer will not impair its continued validity.



		5.	Immediately upon your decision to purchase specific debts in accordance with the Offer (hereinafter:
"the Debt Purchase Date") you shall send us a written notice, detailing the debts that were purchased (invoices
and amounts in a specific manner).



		6.	We shall direct the Customers, by way of the form attached as Appendix "B", that they shall
be obligated to you directly for all of the debts about which you notified the Customers (invoices and amounts in a specific manner)
that you intend to purchase (hereinafter: "the Purchased Debts").



 


Making
the Payment


		7.	Proximate to your notice, and no later than one business day from the Debt Purchase Date, you shall
pay to us the full amount of the Purchased Debts, in the currency of the Debts, minus the purchase commission, as defined in Section
10 below.



		8.	Immediately upon the making of the payment, you shall send us a notice detailing the Purchased Debts,
the amount paid and the credited bank account number and you shall likewise send us a tax invoice for the purchase commission which
you billed.



		9.	The payment to us is without right of recourse on your part and constitutes for us final payment of
the Purchased Debts, even though the original payment date of the Purchased Debts will come due in the future at the time of the
payment to you.



 




     


     


    

  


The
Purchase Commission


		10.	We are aware that your purchase of the debts as set forth above. Which includes, on one hand, the
purchase of the debts from us without right of recourse, and on the other hand, the bringing forward of the payment, bears the
cost as set forth in Appendix "A" attached hereto (hereinafter: "the Purchase Commission") and includes
two components as described below:



 


			Capital Component:



			This cost reflects the capital price calculated according to a rate, part of which is fixed and part
of which is conditioned on the period of the credit as defined below. The period of the credit is the number of days from the date
of the payment of the amount of the debt by you to us (hereinafter: the Payment Date") and until the date on which
the customer undertakes to pay the amount of the debt to you (hereinafter: "the Original Payment Date"), including
the first day and the last day of this period.



 


			Operational Component:



			This component is based on the fixed and variable operational costs of the management of the Plan
and the making of the payments by you.



		11.	The Purchase Commission may change from time to time by way of written notice from you, at least five
business days prior to the effective date of the change. However, we may direct you to cease the activity as set forth in Section
14 below prior to the effective date of any change.



 


			Miscellaneous



		12.	We declare and undertake to you as follows:



		12.1	We do not have and we will not have any impediment according to law and/or agreement to assign you
the debts as set forth above, and there does not exist and will not exist any attachment and/or third-party right of any kind on
the debt which prevents the assignment of the debt to you in accordance with this Plan.



		12.2	As of the date of the our signing on this Plan, no action has been filed against us or by us and no
proceedings of any kind have been brought nor any orders given regarding the liquidation of the company and/or bankruptcy, no creditors'
arrangement has been proposed and to the best of our knowledge none of the said events is anticipated to occur.



		12.3	We have no intention to sell, assign or grant any contradictory right to a third-party regarding any
of the debts offered to you in accordance with this Plan.



		12.4	As long as we have not given notice regarding exiting from the Plan, as set forth in Section 14 below,
we shall not enter into any agreement which prohibits or limits our ability and/or your ability to act in accordance with the Plan.



		12.5	The signing of the authorized signatories on this Plan, and on any document in connection with this
Plan which we will sign in the future, binds us for all intents and purposes. We are responsible for the truthfulness and correctness
of the signatures and any detail which we are required to provide in these documents.



 




     


     


    

  


		12.6	To perform any act and to cooperate as required in order to fulfill that set forth in this Plan and
not to perform any act which abuses this Plan and/or harms your rights or the ability to fulfill that set forth in this Plan.



		12.7	To fulfill that set forth in this Plan in good faith and to inform you immediately about any event
that may impair or impairs our ability to fulfill our undertakings or any of our declarations above.



		12.8	We understand and agree that you will rely on our above declarations and undertakings when you approve
our joining this Plan.



		12.9	In the event that we breach any of our undertakings or declarations in this Plan, we agree that you
will have the rights of offset and lien against us, in addition to any other right.



		12.10	We are aware that you are entitled, according to your discretion, to assign your right for any debt
by way of another assignment to a third-party.



		12.11	We shall keep confidential all of the details of the Plan and its terms with you, and we will not
make use of said information which is likely or may harm you except for information the disclosure of which is required according
to law.



 


		13.	You declare and undertaking to us as follows:



		13.1	You are a limited liability company, organized in Israel, registered with the tax authorities and
keep records according to law.



		13.2	You possess all of the approvals, licenses and permits required in order to provide the service, and
you possess the abilities, skills and experience required to provide the service.



		13.3	You shall keep confidential all of the information which is not publicly known which you received
from us or the Customers.



		13.4	You will make every money transfer to us by way of the use of a designated account for the Plan, which
is separate from your day-to-day activities and held in trust for us. As long as all of amounts for the payment has not been transferred
as set forth in Section 7 above, they shall be deemed as ours in full and held for us as beneficiaries, and you and/or someone
on your behalf will not have any right, ownership, prescription, lien, offset or counter-claim.



 


		14.	Each one of the parties shall be entitled to give notice of its exit from the Plan at any time, and
it may give notice of its return to the Plan at any time. The notice shall be given in writing and shall go into effect within
one business day from the take it is delivered.



 


		15.	We are aware that when you come to decide on the Purchased Debts you rely on the databases of the
customer. Therefore, we are aware that the amount of the purchased debt and its terms are as approved by the customer.



 


		16.	Whereas you are not a party to the underlying transaction from which the debt arises, we waive in
advance any claim and/or action and/or demand of any kind against you in connection with the underlying transaction between us
and the customer.



 




     


     


    

  


		17.	The details of the company, including our address, our bank account, our fax number and e-mail address
for the purpose of sending and receiving notices, are set forth in Appendix "C" attached hereto. Any notice sent by us
to you or by you to us shall be sent by registered mail (with a delivery confirmation) and/or by fax and/or by e-mail. We are aware
and we have taken upon ourselves the full liability for any damage and/or loss which likely will be incurred by us as a result
of the risks involved in the receipt or sending a notice in the manner set forth.



 


		18.	We shall not deem any waiver that you made to us, and you shall not deem any waiver that we made to
you outside of this Plan, in any particular case as a precedent and/or proof of consent for such a waiver in another case, and
no analogy shall be learned from it. No waiver, compromise, settlement, or other amendment shall be binding unless made explicitly
or in writing.



 


Applicable
Law and Judicial Jurisdiction


 


		19.	The laws of the State of Israel shall apply to that set forth in this Plan and its interpretation.
The court in Tel Aviv-Yafo shall have exclusive judicial jurisdiction regarding any matter set forth in this Plan.



 


In
Witness Whereof, we have signed today, the 2nd of April 2015.


 


[stamp
of L. and S. Light and Strong Ltd.


P.C.
514030741]


_________(-)______(-)_______


Signature
and Stamp


 


By: Gal
Erez Title: Chairman of the Board and by: Uri Oron Title: CEO


 


The signatory declares by his signature that
he is authorized to sign on behalf of the company and bind according to law.


 




     


     


    

  


Appendix "A" – Commercial
Terms Appendix


To


L. and .S. Light and Strong Ltd.


 


Subject to the terms of "The Customers'
Debts Purchase Plan" as signed with you, following are the terms of the Purchase Commission as regards to the Israel Aerospace
Industries Company Ltd.


 


Effective Date: March 26, 2015


 


Details of the components
of the cost of the purchase


 





	Currency	 	Capital Component(1)
	 	 	 
	ILS	 	Prime + 1.550%







 








 






(1) The capital component is calculated
on an annual basis.


(2) Add to the above cost the operational
component at the rate of 0.15% from the amount of the debt.


 





Notes:


		1.	The terms appearing in this Appendix shall apply to debts of the above company only.



		2.	The capital component is linked to the changes in the base interest as of the date of the purchase
of the debts by EF. The base interest refers to payment in Shekels to the prime interest rate as published by the Bank of Israel.



		3.	The operational component shall be collected once for all of the debts purchased and shall be deducted
in advance from the debt.



		4.	VAT shall be added to the cost components and deduction of tax at the source shall be made according
to law.








  




     


     


    

  


Appendix
"B" – Application Form for the Payment of Debts, to be Sent from the Supplier to the Company


 


To:
Israel Aerospace Industries Company Ltd. [the Debtor] 


 


Re:
Application to Pay Debts to Efficient Finance


 


We, L. and S. Light and Strong Ltd., Identity
No. (Priv.Co./Pub. Co./ID Card) 51-4030741, hereby notify you that we entered into an agreement with Efficient Finance Ltd., Company
No. 513302042 (hereinafter: "EF") for the assignment of debts by way of sale.


 


		1.	Within the framework of the said agreement, we offer to assign to EF the existing and future debts
due/which will be due to us from you (each one – "Debt"), subject to your approval. EF, according to its discretion,
will decide whether to accept our above offer, all or part of them, if at all. EF will be entitled to request of you to pay any
specific Debt (according to invoices) directly to them and such a request will constitute acceptance of our offer.



		2.	In accordance with the above, the Debt shall be assigned by way of a final sale in favor of EF upon
the occurrence of all of the following terms (hereinafter: "the Purchased Debts"):



		2.1	EF will request of you to undertake/to pay the Debt directly to them. EF's said request will likewise
be deemed as a specific assignment notice from us to you regarding the relevant Debt, and we hereby give you notice that they are
entitled to give such notice. To remove any doubt, all that set forth in this document shall apply to any Debt assigned to EF.



		2.2	You will give your approval to the assignment of the debt in a specific manner according to the invoice
and the amounts as agreed between you and EF.



This provision is irrevocable,
unless we send a written notice cancelling this application to pay debts and receipt of the notice is confirmed by you. In any
event, such a notice shall not apply retroactively to Debts that were already assigned. To remove any doubt, and Debt about which
the above terms are not fulfilled, shall remain in ours and you shall pay us directly for them.


 


		3.	We are confirming to you for this purpose, to pay or to undertake directly regarding any Debt of the
Purchased Debts to EF or to whom EF so directs you. This confirmation shall be without right of recourse and without any condition
after the signing of a payment notice or after your undertaking to pay to EF for a Debt and we shall not have after the assignment
of the Debt any right or demand from you regarding the Purchased Debt.



 


		4.	We are making you aware that in accordance with our agreement with EF, EF shall pay us immediately
for the Purchased Debts. In addition to the final assignment of the Debts by way of sale, and in order to strengthen it, we will
deem the Debt purchased by EF as a paid debt, where the payment of the actual Debt purchased by EF will be completed in a final
manner with the payment to EF or to its assignee at the future date. It is clarified, that in any event, from the date of the assignment
of the Debt, we shall not be entitled to demand the payment of the debt from you to us.



 


		5.	To remove any doubt, it is clarified that all of your rights within the framework of the relationship
between us, which are available to you in cases where the Debt was paid by you directly to us, shall likewise apply to the Purchased
Debts, and neither the assignment nor the payment of the Debt to EF instead of us shall infringe on these rights, including liability
for the goods or the services that you supplied, if existing, or refunding of payments, if you mistakenly pay us after the assignment.



 




     


     


    

  


		6.	In the event that you are not requested by EF, or if you chose not to undertake to pay to EF, we request
that you transfer the payment directly to us.



 


		7.	We confirm to you to transfer to EF all of the information regarding your debt to us in order to execute
the said activities. We release you from any liability and confirm that we shall have no claim and/or action of any kind against
you for the transfer of the said information.



 


		8.	We declare to you that if you provide/will provide payments and/or checks and/or notes which relate
to the debts that were already paid/will be paid by you as part of this assignment of rights, we will transfer these amounts immediately
to you. We do not have nor will we have any right of ownership, prescription, lien, offset or claim regarding these payments.



 


		9.	We declare and undertake to you that we are entitled to execute the assignment of the debts as set
forth above according to their terms, and this assignment does not contradict any agreement or undertaking of ours, or any law.



 


		10.	We undertake not to execute any activity that will impair our ability to assign the Debts set forth
in this document and/or any agreement which contradicts that asset forth in this document, as long as the validity of this payment
request is not cancelled, as set forth in Section 2 above.



 


		11.	We undertake to notify you regarding any impediment to the assignment of debts set forth in this document,
immediately upon our being made aware of it and we take upon ourselves the liability for damage caused in the event we do not do
so.



 


		12.	Except for the above-said, there is no change in the business relations between us.



 


We thank
you for your cooperation and your reliable handling of this matter.


 


In
Witness Whereof, we have signed today, the 2nd of April 2015.


 


[stamp
of L. and S. Light and Strong Ltd.


P.C.
514030741]


_________(-)______(-)_______


Signature
and Stamp


 


By: Gal
Erez Title: Chairman of the Board and by: Uri Oron Title: CEO


 


The signatory declares by his signature that
he is authorized to sign on behalf of the company and bind according to law.


 




     


     


    

   


Appendix "C" – Supplier's
Details


 


To


Efficient Finance Ltd.


23 Yehuda Halevi


Tel Aviv 65136


 


Re: Supplier's Details


 


Supplier's Data


 


	Full Name	 	L. and S. Light and Strong Ltd.
	ID No. (Priv.Co./Pub. Co./Non-Profit)	 	51-403074
	Date of full incorporation	 	Year: 2007 Month: September Day: 19 
	Address (including postal code)	 	Ha'edom Street, Industrial Zone Kanot, PO Box 7042 Gedera
	Telephone (including area code)	 	08-9316232
	Fax (including area code)	 	08-9315727
	Name of contact person and his position	 	Gil Ora, Finance
	E-mail of contact person	 	Ora.gil@Light-and-Strong.com
	Direct phone/mobile of contact person	 	052-3604616


 


Electronic Invoice


		x	We approve receipt of the invoice directly
to our e-mail. The invoice is signed according to law. (mark X if you are interested).



 


Payment
Bank Account


 


We want you to transfer the amounts due to
us from you to the Payment Bank Account(1)(2) registered in our name and the following are its details: 


	Bank name

and number	 	Branch

name and

number	 	Account

number for

payment	 	IBAN
	Discount - 11	 	Yavneh 175	 	72536006	 	FLSI-0111-7500-0007-2536-006


		·	All of the fields regarding the details of
the bank must be completed



1) We declare
that if we have a floating lien on assets of the company in favor of third-parties by whom we manage bank accounts, the bank account
that we reported above shall belong to one of those third-parties.


2) We are
aware that for control purposes, the payment bank account reported by us above must be identical to the bank account that we provided
to the customer.


 


Details
of Controlling Shareholders (for companies only):


		x	We are aware that when you transfer monies
to us, in accordance with "The Anti-Laundering Law", in the report of the controlling shareholders of the company (as
defined in The Securities Law 0 5728-1968). Following are the details of the controlling shareholders (you must chain-up the control
until you reach a "human-being"):






	First + last name	 	ID/passport number	 	Country	 	Sex	 	Date of birth
	Gil Erez	 	59297770	 	Israel	 	Male	 	April 8, 1965
	Ofer Amir	 	59789479	 	Israel	 	Male	 	 


☐ The account
is exempt from a declaration of the controlling shareholder. The company is traded or is linked to a company traded in one of the
OECD countries or the Tel Aviv Exchange (Details of the traded company: Name: _____________ Date of incorporation: ___________
Registration number:_________).


☐ There is
no controlling shareholder of the company (attached is a confirmation from the company's attorney).


☐
The account is exempt from a declaration of the controlling shareholder. The reason:__________


 




     


     


    

  


We undertake to update
you in writing as soon as possible regarding any change in the details provided above.


 


[stamp
of L. and S. Light and Strong Ltd.


P.C.
514030741]


	_________(-)______(-)_______	April 2, 2015	 
	Signature and Stamp	Date