Document:

Confidential

Final

 

SERVICES
AGREEMENT

 

This
Services Agreement (the “Agreement”) is made and entered into this 1 day of May, 2019 (the “Effective
Date”), by and between CannaPowder, Inc., a Nevada corporation with
offices located at 20 Raoul Wallenberg Street, Tel Aviv, Israel 6971916 (the “Company”), having its principal
place of business at 20 Raul Wallenberg Str., Tel Aviv, and Shai Marco Cohen D.L 40557223 (the “Contractor”).

 

	WHEREAS,	the
    Company wishes to retain the Services (as defined hereunder) of the Contractor as an independent contractor, and the Contractor
    agrees to provide Services to the Company, as an independent contractor, as of the Commencement Date of Services (as defined
    hereunder); and
	 	 
	WHEREAS,	the
    parties desire to state the terms and conditions of the Contractor’s engagement by the Company.

 

NOW,
THEREFOR, in consideration of the mutual premises, covenants and undertakings contained herein, the parties hereto have hereby
agreed as follows:

 

1
Term

 

Contractor’s
Services with the Company will commence on May 1, 2019 (Commencement Date of Services”) and shall continue as long
as the Company continue its operation and progress in fulfilling its goals unless terminated according to Section ‎4 herein
(the “Term”).

 

2
Services

 

2.1
The Services will be rendered solely by the Contractor who will serve as the Company CEO and as the chairman of the board of directors
of the Company (“The Services”).

 

2.2
The Contractor shall devote the time, energy, talent, knowledge, experience and best efforts necessary to perform the Services
under this Agreement, at a high professional standard, well and faithfully, to the Company’s full satisfaction.

 

2.3
The Contractor represents that there is no contractual or other legal restriction preventing or limiting him from entering into
this Agreement or performing any of his obligations hereunder. The Contractor shall immediately notify the Company of any actual
or potential conflict of interest that may arise with respect to his Services.

 

3
Consideration.

 

3.1
As full and final consideration for the Services (subject to the provisions of article 3.2 below), the Company shall pay to the
Contractor as follow:

 

	 	3.1.1	As
    a signing bonus, the Contractor shall be granted options to purchase an aggregate of up to 250,000 Class I warrants, exercisable
    for a period of two (2) years from the date first set forth above to purchase 250,000 Shares of the Company at an exercise
    price of $0.01 per Share Share which shall be vested as of the date hereof. The Options shall be deemed fully-paid, fully-earned
    and vested, nonassessable and assignable.	 
	 	 	 	 
	 	3.1.2	A
    Yearly fee in an amount of US$ 1 (one us dollar) which shall be made against issuance of a valid invoice by the Contractor
    (“Yearly Fee”).	 
	 	 	 	 
	 	3.1.3	The
    Contractor shall be granted options to purchase an aggregate of up to: (1) 150,000 Class H warrants, exercisable for a period
    of five (5) years from the date first set forth above to purchase 150,000 Shares at an exercise price of $1.00 per Share;
    (2) 150,000 Class F warrants, exercisable for a period of three (3) years from the date first set forth above to purchase
    150,000 Shares of the Company at an exercise price of $3.00 per Share Share; and (3) 100,000 Class G warrants, exercisable
    for a period of five (5) years from the date first set forth above to purchase 100,000 Shares of the Company at an exercise
    price of $5.00 per Share Share Shares of the Company (together in this subsection ‎3.1.3 “Options”).	 

 

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	 	 	The
    Options shall be granted shall vest in 12 equals to 3 months installments, provided that in each instance Contractor’s
    service has not yet terminated on each such vesting date. The Options shall vest for the first time at the end of the second
    quarter of 2019. The Options shall be deemed fully paid, fully earned and vested, nonassessable and assignable.
	 	 	 
	 	 	In
    lieu of payment to the Company as set forth in this Section 3.1 above, the Contractor may elect to convert the Options granted
    to him, in whole or in part, into the number of option shares calculated pursuant to the formula below, by presentation and
    surrender thereof to the Company at its principal office or at such other office or agency it may designate from time to time,
    accompanied by a written notice of exercise, in the form attached hereto as Annex A (the “Issuance Notice”),
    specifying the number of option shares into which the Contractor desires to convert his Options:

 

	 	 	Y(A
    - B)	 
	X	=	——————	 
	 	 	A	 

 

In
this section ‎3.1.3: 

X
= the number of Option Shares to be issued to the Contractor;

Y
= the number of Option Shares otherwise purchasable upon exercise of this Options;

A
= the Fair Market Value of the shares of the Company (according to the Options issued to the Contractor); and

B
= the Exercise Price.

 

3.2
The Contractor shall bear at his own account and shall not be reimbursed for the expenses incurred by him in rendering the Services
under this Agreement, other than for reasonable hotels (up to 4 stars class) and air/flights tickets (economy class) expenses,
travel expenses to and from the airports, and reasonable per diem incurred by the Contractor in business travels out of Israel
whilst rendering the Services, and against delivery of valid receipts.

 

3.3
During the Term, the Company shall procure health and life insurance for the Contractor.

 

4
Termination.

 

4.1
Each party may terminate this Agreement at any time by providing the other party with a 90 days prior written notice of termination
(the “Notice Period”). The Company notice will be accompanied by Board resolution approving the termination
of this Agreement.

 

4.2
During the Notice Period, the Contractor shall be obligated to continue to provide all of his Services and to take all steps,
satisfactory to Company, to ensure the orderly transition to any person or entity designated by the Company of all matters handled
by the Contractor in the framework of the Services provided to the Company.

 

4.3
Notwithstanding the provisions of Section ‎4.2 above to the contrary, concurrently with, or at any time after a Termination
Notice is delivered by either party hereto, the Company shall be entitled to waive the Contractor’s Services for the Company
during the Notice Period or any part thereof and/or terminate the business relationship prior to the completion of the Notice
Period. In such event the Company shall pay to the Contractor an indemnity in lieu of notices in an amount equal to the fees that
the Contractor would have received for the remaining part of the Notice Period, and payable on the same dates at which such fees
would have received.

 

4.4
Notwithstanding the above, the Company shall be entitled to terminate the Services hereunder with immediate effect and without
paying the Notice Period payments, where said termination is a Termination for Cause.

 

As
used in this Agreement, the term “Termination for Cause” shall mean termination of Services as a result of
the occurrence of any one of the following: (a) a breach of trust or fiduciary duties, including but not limited to theft, embezzlement,
self-dealing, or breach of the provisions of the Proprietary Right Agreement; (b) any breach of this Agreement by the Contractor,
which was not cured within twenty (20) days following a written notice thereof; (c) conviction of the Contractor in a crime or
felony involving moral turpitude; or (d) other cause justifying termination of contract under applicable law, (collectively “Cause”).

 

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5
Confidentiality of the Agreement.

 

5.1
The terms and conditions of the Services shall be solely as set forth herein. Except as required by law, the terms and conditions
of this Agreement shall remain confidential and treated as such by the parties, except that the Company may disclose the same
to its auditors, accountants and legal advisors, in its financial statements and in the course of due diligence processes.

 

5.2
This Agreement, including its exhibits and annexes, is the entire agreement between the parties with respect to the subject matter
hereof, supersedes all prior understandings, agreements and discussions between them, oral or written, and is intended, to the
extent allowed under the Israeli law, to override any statutory provisions related to the Services of the Contractor by the Company.

 

6
Absence of Impediment. The Contractor warrants, confirms and undertakes that he is entitled to enter into this Agreement
and to assume all the obligations pursuant hereto, that there is no contractual or other impediment to his entering into this
Agreement and to his engagement by the Company and that in entering into this Agreement he is not in breach of any other agreement
or obligation to which he is or was a party.

 

7
Relationship of the Parties; Indemnification.

 

7.1
It is expressed and acknowledged that the Contractor is an independent contractor and that this Agreement does not create any
partnership, authority, agency or employer-employee relations between the Contractor and the Company.

 

7.2
The Contractor alone shall be liable for payment of all the taxes, national insurance and any other compulsory payment applicable
to him in connection with its business, in connection with the Services provided by him to the Company and in connection with
the performance of any of its obligations pursuant hereto.

 

8
Miscellaneous.

 

8.1
A Party’s failure or delay in enforcing any of the provisions of this Agreement shall not in any way be construed as a waiver
of any such provisions or prevent such Party thereafter from enforcing each and every other provision of this Agreement which
were previously not enforced.

 

8.2
This Agreement shall be interpreted and construed in accordance with the laws of the State of Israel. The parties submit to the
exclusive jurisdiction of the competent courts of Tel-Aviv in any dispute related to this Agreement.

 

8.3
Captions and paragraph headings used in this Agreement are for convenience only and shall not be used in the construction or interpretation
thereof.

 

8.4
This Agreement (and its Annexes) shall not be amended, modified or varied by any oral agreement or representation other than by
a written instrument executed by both parties.

 

8.5
The provisions of this Agreement shall, where possible, be interpreted in a manner necessary to sustain their legality and enforceability.
Without derogating from the foregoing, in the event that any one or more of the provisions contained in this Agreement should
be held invalid, illegal or unenforceable in any respect due to the fact that it is over-broad or insufficiently limited in time,
geography or else, the parties hereby authorize, to the maximum extent legally permissible, the tribunal interpreting such provision(s)
to replace the invalid, illegal or unenforceable provision(s) with valid provision(s) the effect of which come as close as possible
to that of the invalid, illegal or unenforceable provision(s). The validity, legality and enforceability of the remaining provisions
contained herein shall in no way be affected or impaired as a result of any provision contained in this Agreement being held invalid,
illegal or unenforceable in any respect.

 

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IN
WITNESS WHEREOF, the parties have duly executed this Services Agreement on the day and year set forth above.

 

	CannaPowder Inc.	 	Shai
    Marco Cohen
	 	 	 	 
	By:
    	/s/
    Shai     Cohen	 	/s/
    Shai     Cohen
	Name:	 Shai
    Cohen	 	 
	Title:
    	CEO	 	 

 

I,
adv. Sagi Shemesh_Israeli license number 76005, hereby confirm that this Agreement was duly signed by Mr. [______________],
and that his signature binds CannaPodwer Inc.

 

_____________

Sagi
Shemesh

 

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CANNA
POWDER INC .

(Company)

 

Annex
A

(Section
3.1.3)

 

NOTICE
OF EXERCISE

 

Date:
______________

 

Dear
Sirs,

 

Re:
Issuance Notice

 

Please
be advised that I hereby elect to exercise ________ (________) of the ___________ Shares of the Company subject to the Options
which was granted to me on ________ to acquire ________ (________) ___________ Shares of the Company, by a cashless exercise pursuant
to Section 3.1.3 to my agreement with the Company.

 

	 	Yours
    sincerely,
	 	 
	 	 
	 	Contractor
	 	Address:

 

    	Page 5 of 5Services
Agreement

 

This
Services Agreement (this “Agreement”) is made effective as of this 1st day of May 2019, by and between Canna
Powder Ltd., a corporation organized and existing under the laws of the State of Israel (the “Company”),
on the one hand, and One of a kind marketing DUSA LLC an entity organized under the laws of the state of Texas with an
address at 5525 windmier Dallas TX (the “Contractor”), on the other hand. The Company and the Contractor shall
sometimes refer to collectively, as the “Parties” and individually, as a “Party”.

 

WHEREAS,
the Company desire to engage the services of the Contractor related to world-wide business development and marketing strategy
(the “Services”), pursuant to the terms and conditions in this this Agreement.

 

NOW
THEREFORE, for good and valuable consideration, and based upon the premises of the mutual promises and covenants herein contained,
the Parties hereto agree as follows:

 

 Section
1.  Engagement. The Company agrees to engage with the Contractor and Contractor agrees to and does hereby accept
its engagement by the Company. The engagement shall commence on May 1, 2019 and shall continue as long as the Company continue
its operation and progress in fulfilling its goals unless terminated according to Section 3 herein (the “Term”).

 

 Section
2.  Consideration. 

 

 2.1 In consideration for the Services to be rendered and performed by the Contractor under this Agreement, the Company shall pay the Contractor monthly fee an amount of US$ 15,000 (“Monthly Fee”).

 

2.2
 The Contractor shall bear at his own account and shall not be reimbursed for the expenses
incurred by him in rendering the Services under this Agreement, other than for reasonable hotels (up to 4 stars class) and air/flights
tickets (economy class) expenses, travel expenses to and from the airports, and reasonable per diem incurred by the Contractor
in business travels out of Israel whilst rendering the Services, and against delivery of valid receipts.

 

2.3
 The payment of the Monthly Fee shall be made by the Company every month within 10 days
from the day Company receives invoice from the Contractor.

 

 Section
3. Termination.

 

3.1 This
Agreement may be terminated by any Party on thirty (30) calendar days written notice, or if prior to such action, the other Party
materially breaches any of its representations, warranties or obligations under this Agreement, which latter termination is defined
for the purposes of this Agreement as “for cause.” Except as may be otherwise provided in this Agreement, such material
breach by any Party will result in the other Party being responsible to reimburse the non-defaulting Party for all costs incurred
directly as a result of the material breach of this Agreement and shall be subject to such damages as may be allowed by law including
all attorneys’ fees and costs of enforcing this Agreement.

 

3.2 Notwithstanding
termination of this Agreement in accordance with Section 4.1 above, unless the termination of Contractor is “for cause,”
termination of Contractor by the Company and/or the Subsidiary will not relieve the Company from its obligation to pay the Monthly
Fee to the Contractor as long as this Agreement is valid.

 

Section
4. Relationship of the Parties; Indemnification.

 

4.1 It
is expressed and acknowledged that the Contractor is an independent contractor and that this Agreement does not create any partnership,
authority, agency or employer-employee relations between the Contractor and the Company.

 

4.2
 The Contractor alone shall be liable for payment of all the taxes, national insurance
and any other compulsory payment applicable to him in connection with its business, in connection with the Services provided by
him to the Company and in connection with the performance of any of its obligations pursuant hereto.

 

    	 	1	 

    	 

    

 

 Section
5. Miscellaneous.

 

 5.1 Governing
Law: This Agreement shall be governed by, construed in accordance with the laws of the State of New York, where the Company
maintains its banking and legal relationships, and any dispute arising under this Agreement shall be subject to binding arbitration
to be held in the State of New York, New York County, in accordance with the applicable rules and regulations governing arbitration
in New York.

 

 5.2 Interpretation
and Severability: Whenever possible, each provision of this Agreement shall be interpreted in such manner as to
be effective and valid under applicable law, but if any provision is unenforceable or invalid under such law, such provision shall
be ineffective only to the extent of such unenforceability or invalidity, and the remainder of such provision and the balance
of this Agreement shall in such event continue to be binding and in full force and effect.

 

 5.3 No
Assignment: This Agreement shall not be assigned or delegated, by operation of law or otherwise, by either Party hereto
without the other Party’s prior written consent, and any such assignment or attempted assignment shall be void, of no force
or effect, and shall constitute a material default by such Party.

 

signatures
on the next page

 

    	 	2	 

    	 

    

 

IN
WITNESS WHEREOF, the Parties hereto have executed the above Agreement as of the day and year first above written.

 

	CannaPowder,
    Ltd.	 	One
    of a kind marketing DUSA LLC
	 	 	 	(The
    “Contractor”)
	 	 	 	 	 
	By:	/s/
    Ariel Dor	 	By:	/s/
    Devora Cohen
	Name:	Ariel
    Dor	 	Name:	Devora
    Cohen
	Title:	General
    Manager	 	Title:	CEO
    

 

    	 	3

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