Document:

Exhibit
10.1

 

TECHCARE
CORP.

2017
EMPLOYEE INCENTIVE PLAN

 

SECTION
1. INTRODUCTION

 

1.1
Establishment. Effective as provided in Section 17, TechCare Corp., a Delaware corporation (the “Company”), hereby
establishes this plan of stock-based compensation for selected Eligible Participants of the Company. This Plan shall be known
as the TechCare Corp. 2017 Employee Incentive Plan (the “Plan”).

 

1.2
Purpose. The purpose of this Plan is to promote the best interest of the Company, and its stockholders by providing a means of
non-cash remuneration to selected Eligible Participants.

 

SECTION
2. DEFINITIONS

 

The
following definitions shall be applicable to the terms used in this Plan:

 

2.1
“Affiliated Corporation” means any corporation that is either a parent corporation with respect to the Company or
a subsidiary corporation with respect to the Company (within the meaning of Sections 424(e) and (f), respectively, of the Internal
Revenue Code).

 

2.2
“Code” means the Internal Revenue Code of 1986, as it may be amended from time to time.

 

2.3
“Committee” means a committee designated by the Board of Directors to administer this Plan or, if no committee is
so designated, the Board of Directors. Any Committee member who is also an Eligible Participant may receive an Option or Stock
Award only if he abstains from voting in favor of a grant to himself, and the grant is determined and approved by the remaining
Committee members. The Board of Directors, in its sole discretion, may at any time remove any member of the Committee and appoint
another Director to fill any vacancy on the Committee.

 

2.4
“Common Stock” means the Company’s $0.0001 par value common stock.

 

2.5
“Company” means TechCare Corp., a Delaware corporation.

 

2.6
“Effective Date” means the effective date of this Plan, as set forth in Section 17 hereof.

 

2.7
“Eligible Participant” means any employee, director, officer, consultant, or advisor of the Company, or such other
persons who provided bona fide services to the Company, each of whom is determined (in accordance with the provisions of Section
4 hereof) to be eligible to receive an Option or Stock Award hereunder.

 

2.8
“Option” means the grant to an Eligible Participant of a right to acquire shares of Common Stock.

 

2.9
“Plan” means this TechCare Corp. 2017 Employee Incentive Plan dated effective January 1, 2017.

 

2.10
“Stock Award” means the grant to an Eligible Participant of shares of Common Stock issuable directly under this Plan
rather than upon exercise of an Option.

 

Wherever
appropriate, words used in this Plan in the singular may mean the plural, the plural may mean the singular, and the masculine
may mean the feminine.

 

    	 

     

    

 

SECTION
3. ADOPTION AND ADMINISTRATION OF THIS PLAN

 

Upon
adoption by the Company’s Board of Directors, this Plan became effective as of January 1, 2017. In the absence of contrary
action by the Board of Directors, and except for action taken by the Committee pursuant to Section 4 in connection with the determination
of Eligible Participants, any action taken by the Committee or by the Board of Directors with respect to the implementation, interpretation
or administration of this Plan shall be final, conclusive and binding.

 

SECTION
4. ELIGIBILITY AND AWARDS

 

The
Committee shall determine at any time and from time to time after the effective date of this Plan: (i) the Eligible Participants;
(ii) the number of shares of Common Stock issuable directly or to be granted pursuant to an Option; (iii) the price per share
at which each Option may be exercised, in cash or cancellation of fees for services for which the Company is liable, if applicable,
or the value per share if a direct issue of stock pursuant to a Stock Award; and (iv) the terms on which each Option may be granted.
Such determination, as may from time to time be amended or altered at the sole discretion of the Committee. Notwithstanding the
provisions of Section 3 hereof, no such determination by the Committee shall be final, conclusive and binding upon the Company
unless and until the Board of Directors has approved the same; provided, however, that if the Committee is composed of a majority
of the persons then comprising the Board of Directors of the Company, such approval by the Board of Directors shall not be necessary.

 

SECTION
5. GRANT OF OPTION OR STOCK AWARD

 

Subject
to the terms and provisions of this Plan, the terms and conditions under which an Option or Stock Award may be granted to an Eligible
Participant shall be set forth in a written agreement (i.e., a Consulting Agreement, Services Agreement, Fee Agreement, or Employment
Agreement) or, if an Option, a written Grant of Option. (The form shall be determined by the Committee, in its sole discretion,
or may be determined by the Board of Directors).

 

SECTION
6. TOTAL NUMBER OF SHARES OF COMMON STOCK

 

The
total number of shares of Common Stock reserved for issuance by the Company either directly as Stock Awards or underlying Options
granted under this Plan shall be _____________ (_________) shares of Common Stock. The total number of shares of Common Stock
reserved for such issuance may be increased only by a resolution adopted by the Board of Directors and amendment of this Plan.
Such Common Stock may be authorized and unissued or reacquired Common Stock of the Company.

 

SECTION
7. PURCHASE OF SHARES OF COMMON STOCK

 

7.1
As soon as practicable after the determination by the Committee and approval by the Board of Directors (if necessary, pursuant
to Section 4 hereof) of the Eligible Participants and the number of shares an Eligible Participant may be issued directly as a
Stock Award or eligible to purchase pursuant to an Option, the Committee shall give written notice thereof to each Eligible Participant,
which notice may be accompanied by the Grant of Option, if appropriate, to be executed by such Eligible Participant.

 

7.2
The negotiated cost basis of stock issued directly as a Stock Award or the exercise price for each Option to purchase shares of
Common Stock pursuant to paragraph 7.1 shall be as determined by the Committee, it being understood that the price so determined
by the Committee may vary from one Eligible Participant to another. In computing the negotiated direct issue price as a Stock
Award or the Option exercise price per share of Common Stock, the Committee shall take into consideration, among other factors,
the restrictions set forth in Section 11 hereof.

 

    	 

     

    

 

SECTION
8. TERMS AND CONDITIONS OF OPTIONS

 

The
Committee shall determine the terms and conditions of each Option granted to Eligible Participants, which terms shall be set forth
in writing. The terms and conditions so set by the Committee may vary from one Eligible Participant to another. In the event that
all the Committee approves an Option permitting deferred payments, the Eligible Participant’s obligation to pay for such
Common Stock may be evidenced by a promissory note executed by such Eligible Participant and containing such modifications thereto
and such other provisions as the Committee, in its sole discretion, may determine.

 

SECTION
9. DELIVERY OF SHARES OF COMMON STOCK UPON EXERCISE OF OPTION

 

The
Company shall deliver to each Eligible Participant such number of shares of Common Stock as such Eligible Participant is entitled
to receive pursuant to a Stock Award or elects to purchase upon exercise of the Option. Such shares, which shall be fully paid
and non-assessable upon the issuance thereof (unless a portion or all of the purchase price shall be paid on a deferred basis)
shall be represented by a certificate or certificates registered in the name of the Eligible Participant and stamped with an appropriate
legend referring to the restrictions thereon, if any. Subject to the terms and provisions of the Delaware General Corporation
Law and the written agreement to which he is a party, an Eligible Participant shall have all the rights of a stockholder with
respect to such shares, including the right to vote the shares and to receive all dividends or other distributions paid or made
with respect thereto (except to the extent such Eligible Participant defaults under a promissory note, if any, evidencing the
deferred purchase price for such shares), provided that such shares shall be subject to the restrictions hereinafter set forth.
In the event of a merger or consolidation to which the Company is a party, or of any other acquisition of a majority of the issued
and outstanding shares of Common Stock of the Company involving an exchange or a substitution of stock of an acquiring corporation
for Common Stock of the Company, or of any transfer of all or substantially all of the assets of the Company in exchange for stock
of an acquiring corporation, a determination as to whether the stock of the acquiring corporation so received shall be subject
to the restrictions set forth in Section 11 shall be made solely by the acquiring corporation.

 

SECTION
10. RIGHTS OF EMPLOYEES; ELIGIBLE PARTICIPANTS

 

10.1
Employment. Nothing contained in this Plan or in any Option or Stock Award granted under this Plan shall confer upon any Eligible
Participant any right with respect to the continuation of his or her employment by the Company or any Affiliated Corporation,
or interfere in any way with the right of the Company or any Affiliated Corporation, subject to the terms of any separate employment
agreement to the contrary, at any time to terminate such employment or to increase or decrease the compensation of the Eligible
Participant from the rate in existence at the time of the grant of an Option or Stock Award. The Committee shall determine whether
an authorized leave of absence, or absence in military or government service, shall constitute termination of employment at the
time.

 

10.2
Non-transferability. No right or interest of any Eligible Participant in an Option or Stock Award shall be assignable or transferable
during the lifetime of the Eligible Participant, either voluntarily or involuntarily, or subjected to any lien, directly or indirectly,
by operation of law, or otherwise, including execution, levy, garnishment, attachment, pledge or bankruptcy. However, the Board
of Directors may, in its sole discretion, permit transfers to family members if and to the extent such transfers are permissible
under applicable securities laws. In the event of an Eligible Participant’s death, an Eligible Participant’s rights
and interest in an Option or Stock Award shall be transferable by testamentary will or the laws of descent and distribution, and
delivery of any shares of Common Stock due under this Plan shall be made to, and exercise of any Options may be made by, the Eligible
Participant’s legal representatives, heirs or legatees. If in the opinion of the Committee a person entitled to payments
or to exercise rights with respect to this Plan is unable to care for his or her affairs because of mental condition, physical
condition, or age, payment due such person may be made to, and such rights shall be exercised by, such person’s guardian,
conservator or other legal personal representative upon furnishing the Committee with evidence satisfactory to the Committee of
such status.

 

    	 

     

    

 

SECTION
11. GENERAL RESTRICTIONS

 

11.1
Representations. Eligible Participant to whom an Option or Stock Award is granted, represents to the Company and agrees, that
as a condition of exercising such Option, or receiving such Stock Award, to give assurances in substance and form satisfactory
to the Company and its counsel to the effect that such person is acquiring the Common Stock subject to the Option or Stock Award
for his or her own account for investment and not with any present intention of selling or otherwise distributing the same, other
than pursuant to an effective registration statement under the Securities Act, and to such other effects as the Company deems
necessary or appropriate in order to comply with federal and applicable state securities laws.

 

Shares
shall not be issued under the Plan unless the issuance and delivery of such Shares complies with (or is exempt from) all applicable
requirements of law, including (without limitation) the Securities Act, the rules and regulations promulgated thereunder, state
securities laws and regulations, and the regulations of any stock exchange on which the Company’s securities may then be
listed, and the Company has obtained the approval of or a favorable ruling from any governmental agency that the Company determines
to be necessary or advisable.

 

11.2
Restrictions on Transfer of Common Stock. The shares of Common Stock issuable directly as a Stock Award or upon exercise of an
Option may not be offered for sale, sold or otherwise transferred except pursuant to an effective registration statement or pursuant
to an exemption from registration, the availability of which is to be established to the satisfaction of the Company, and any
certificates representing shares of Common Stock will bear a legend to that effect. However, the Company may, in the sole discretion
of the Board of Directors, register with the Securities and Exchange Commission some or all of the shares of Common Stock reserved
for issuance under this Plan. Special resale restrictions may, however, continue to apply to officers, directors, control shareholders
and affiliates of the Company and such persons will be required to obtain an opinion of counsel as regards their ability to resell
shares received pursuant to this Plan.

 

11.3
Compliance with Securities Laws. Each Option or Stock Award shall be subject to the requirement that if at any time counsel to
the Company shall determine that the listing, registration or qualification of the shares of Common Stock subject to such Option
or Stock Award upon any securities exchange or under any state or federal law, or the consent or approval of any governmental
or regulatory body, is necessary as a condition of, or in connection with, the issuance or purchase of shares thereunder, such
Option or Stock Award may not be accepted or exercised in whole or in part unless such listing, registration, qualification, consent
or approval shall have been effected or obtained on conditions acceptable to the Committee. Nothing herein shall be deemed to
require the Company to apply for or to obtain such listing, registration or qualification.

 

11.4
Changes in Accounting Rules. Notwithstanding any other provision of this Plan to the contrary, if, during the term of this Plan,
any changes in the financial or tax accounting rules applicable to Options or Stock Awards shall occur that, in the sole judgment
of the Committee, may have a material adverse effect on the reported earnings, assets or liabilities of the Company, the Committee
shall have the right and power to modify as necessary, or cancel any then outstanding and unexercised Options.

 

SECTION
12. COMPLIANCE WITH TAX REQUIREMENTS

 

Each
Eligible Participant shall be liable for payment of all applicable federal, state and local income taxes incurred as a result
of the receipt of a Stock Award or an Option, the exercise of an Option, and the sale of any shares of Common Stock received pursuant
to a Stock Award or upon exercise of an Option. The Company may be required, pursuant to applicable tax regulations, to withhold
taxes for an Eligible Participant, in which case the Company’s obligations to deliver shares of Common Stock upon the exercise
of any Option granted under this Plan or pursuant to any Stock Award, shall be subject to the Eligible Participant’s satisfaction
of all applicable federal, state and local income and other income tax withholding requirements.

 

    	 

     

    

 

SECTION
13. PLAN BINDING UPON ASSIGNS OR TRANSFEREES

 

In
the event that, at any time or from time to time, any Option or Stock Award is assigned or transferred to any party (other than
the Company) pursuant to the provisions of Section 10.2 hereof, such party shall take such Option or Stock Award pursuant to all
provisions and conditions of this Plan, and, as a condition precedent to the transfer of such interest, such party shall agree
(for and on behalf of himself or itself, his or its legal representatives and his or its transferees and assigns) in writing to
be bound by all provisions of this Plan.

 

SECTION
14. COSTS AND EXPENSES

 

All
costs and expenses with respect to the adoption, implementation, interpretation and administration of this Plan shall be borne
by the Company.

 

SECTION
15. CHANGES IN CAPITAL STRUCTURE OF THE COMPANY

 

Appropriate
adjustments shall be made to the number of shares of Common Stock issuable pursuant to an incomplete or pending Stock Award that
has not yet been delivered or upon exercise of any Options and the exercise price thereof in the event of: (i) a subdivision or
combination of any of the shares of capital stock of the Company; (ii) a dividend payable in shares of capital stock of the Company;
(iii) a reclassification of any shares of capital stock of the Company; or (iv) any other change in the capital structure of the
Company.

 

SECTION
16. PLAN AMENDMENT, MODIFICATION AND TERMINATION

 

The
Board, upon recommendation of the Committee or at its own initiative, at any time may terminate and at any time and from time
to time and in any respect, may amend or modify this Plan, including:

 

(a)
Increase the total amount of Common Stock that may be awarded under this Plan, except as provided in Section 15 of this Plan;

 

(b)
Change the classes of persons from which Eligible Participants may be selected or materially modify the requirements as to eligibility
for participation in this Plan;

 

(c)
Increase the benefits accruing to Eligible Participants; or

 

(d)
Extend the duration of this Plan.

 

Any
Option or other Stock Award granted to a Eligible Participant prior to the date this Plan is amended, modified or terminated will
remain in effect according to its terms unless otherwise agreed upon by the Eligible Participant; provided, however, that this
sentence shall not impair the right of the Committee to take whatever action it deems appropriate under Section 11 or Section
15. The termination or any modification or amendment of this Plan shall not, without the consent of a Eligible Participant, affect
his rights under an Option or other Stock Award previously granted to him.

 

SECTION
17. EFFECTIVE DATE OF THIS PLAN

 

17.1
Effective Date. This Plan is effective as of January 1, 2017, by action of the Board of Directors of the Company.

 

17.2
Duration of this Plan. This Plan shall terminate at midnight on December 31, 2020, which is the day before the fifth anniversary
of the Effective Date, and may be extended thereafter or terminated prior thereto by action of the Board of Directors; and no
Option or Stock Award shall be granted after such termination. Options and Stock Awards outstanding at the time of this Plan termination
may continue to be exercised, or become free of restrictions, in accordance with their terms.

 

    	 

     

    

 

SECTION
18. BURDEN AND BENEFIT

 

The
terms and provisions of this Plan shall be binding upon, and shall inure to the benefit of, each Eligible Participant, his executives
or administrators, heirs, and personal and legal representatives.

 

	Board of Directors of TechCare Corp.	 
	 	 	 
	By:	/s/:
    Shlomi Arbel	 
	 	Chief
    Executive Officer	 
	 	 	 
	Dated: January 1, 2017Exhibit
10.2

 

TechCare
Corp.

 

2017
Employee Stock Option Award Plan

 

Form
of Stock Option Award Letter

 

Date:
[________]

 

[_____________]

 

Dear
Madame/Sir:

 

Effective
as of [________] (the “Award Date”), TechCare Corp. or its wholly-owned Israeli subsidiary, Novomic Ltd (together,
the “Company”) agreed to grant or formally ratified a prior grant to you an option (“Option”) to purchase
[________] Shares of common stock, par value $0.0001 (the “Option Shares”) pursuant to the Company’s 2017 Employee
Stock Option Award Plan (the “Plan”), pursuant to Section 3(i) of the Israeli Income Tax Ordinance (New Version),
5721-1961 (the “Ordinance”), which Options are fully-vested.

 

Your
Option is more fully described in the attached Appendix A, Terms and Conditions of Stock Option Award (which Appendix A, together
with this letter, is the “Award Letter”). Any capitalized term used and not defined in the Award Letter has the meaning
set forth in the Plan. In the event there is an inconsistency between the terms of the Plan and the Award Letter, the terms of
the Plan control.

 

The
price at which you may purchase the Option Shares of Common Stock covered by the Option is $0.0001per Option Share (“Exercise
Price”) which is/was based on the Fair Market Value of a Shares of Common Stock on the Award Date. Unless otherwise provided
in the attached Appendix A, your Option will expire five years from the Award Date (the “Option Expiration Date”).

 

Please
note that in most circumstances, on the date(s) you exercise your Option, the difference between the Exercise Price and the Fair
Market Value of the Shares of Common Stock on the date of exercise [which is equal to the average of the closing bid and ask price
on the OTCQB or the closing price on the NASDAQ or other exchange or automatic quotation service on with the Company’s shares
are listed] multiplied by the number of Option Shares you purchase, will be taxable income to you. You should closely review Appendix
A and the Plan for important details about the tax treatment of your Option. This Option is subject to the terms and conditions
set forth in the enclosed Plan and this Award Letter and any rules and regulations adopted by the Company’s Board of Directors
and its Compensation Committee, if any, then in existence.

 

This
Award Letter, the Plan and any other attachments should be retained in your files for future reference.

 

	Very truly yours,	 
	 	 	 
	 	 	 
	
Name:	 	 
	Title:	 	 

 

Enclosures

 

TechCare
Corp.

23
Hamelacha Street

Park
Afek, Rosh Ha’ain 4809173, Israel

Tel:
+972 3 750 3060

 

    	 

     

    

 

Appendix
A

Terms
and Conditions of

2017 Employee Stock Option

Award Plan Stock Option Award

[_________]

 

The
Option granted to you by TechCare Corp. (the “Company”) to purchase Shares of the Company’s Common K, par value
$0.0001 (the “Option Shares”) is subject to the terms and conditions set forth in the Company’s 2017 Employee
Stock Option Award Plan (the “Plan”) together with any rules and regulations adopted by the of the Company’s
Board of Directors and this Award Letter. Any capitalized term used and not defined in the Award Letter has the meaning set forth
in the Plan. In the event there is an inconsistency between the terms of the Plan and the Award Letter, the terms of the Plan
control.

 

The
Board of Directors may designate Awards granted pursuant to Section 102 as (1) “Approved 102 Awards” (i.e. Awards
granted pursuant to Section 102(b) of the Ordinance and held in trust by a trustee for the benefit of the Grantee); or (2) “Unapproved
102 Awards” (i.e. Awards granted pursuant to Section 102(c) of the Ordinance and not held in trust by a trustee) or pursuant
to Section 3(i) of the Ordinance.

 

The
Board of Directors may elect for Approved 102 Awards to be classified as either (1) “Work Income Awards” that qualify
for tax treatment in accordance with the provisions of Section 102(b)(1) of the Ordinance; or (2) “Capital Gain Awards”
that qualify for tax treatment in accordance with the provisions of Section 102(b)(2) or 3(i) of the Ordinance (the “Election”).

 

Approved
102 Awards may be granted until the Election has been appropriately filed with the Israeli tax authorities. The Election must
be made at least thirty days before the date of the first grant of an Approved 102 Award under this Plan or Sub Plan according
to the instructions published by the Israeli tax authorities from time to time. The Election shall remain in effect until the
end of the subsequent year following the year during which the Board of Directors first granted such Approved 102 Awards and thereafter
shall continue to be in effect unless otherwise determined by the Board of Directors. During the period indicated in the sentence
above, the Board of Directors may grant only the type of Approved 102 Award it has elected, which Election shall apply to all
Grantees who were granted Approved 102 Awards during the period indicated herein, all in accordance with the provisions of Section
102(g) of the Ordinance, as amended. For the avoidance of doubt, such Election shall not prevent the Board of Directors from granting,
at all times, Unapproved 102 Awards to Employees or Section 3(i) Awards to Consultants, as defined under the Plan.

 

	1.	Exercise
    Price

 

You
may purchase the Option Shares covered by the Option for its aggregate par value.

 

	2.	Term
    of Option

 

Your
Option expires on the Expiration Date. However, your Option may terminate prior to the Expiration Date as provided in Section
6 of this Appendix upon the occurrence of one of the events described in that Section. Regardless of the provisions of Section
6 of this Appendix, in no event can your Option be exercised after the Expiration Date.

 

	3.	Vesting
    and Exercisability of Option

 

The
options granted to you are fully vested and exercisable.

 

	4.	Exercise
    of Option

 

Subject
to the limitations set forth in this Award Letter and in the Plan, your Option may be exercised by written or electronic notice
provided to the Company as set forth below. Such notice shall (a) state the number of Option Shares with respect to which your
Option is being exercised, (b) unless otherwise permitted by the Board of Directors or Compensation Committee, if any, be accompanied
by a wire transfer, cashier’s check, cash or money order payable to the Company in the full amount of the Exercise Price
for any Option Shares being acquired, and (c) be accompanied by such additional documents as the Board or Committee may then require.
If any law or regulation requires the Company to take any action with respect to the Option Shares specified in such notice, the
time for delivery thereof, which would otherwise be as promptly as possible, shall be postponed for the period necessary to take
such action. You shall have no rights of a stockholder with respect to Option Shares subject to your Option unless and until your
Option has been exercised and ownership of such Option Shares have been transferred to you.

 

    	 

     

    

 

As
soon as practicable after receipt of notification of exercise and full payment of the Exercise Price, a certificate representing
the number of Option Shares purchased under the Option, will be delivered in your name (or, in the event of your death, in the
name of your beneficiary in accordance with the Plan) or, at the Company’s option, a certificate for such Shares will be
delivered to you (or, in the event of your death, to your beneficiary in accordance with the Plan).

 

	5.	Satisfaction
    of Exercise Price

 

	 	(a)	Payment
    of Cash or Common Stock. Your Option may
    be exercised by payment in cash (including cashier’s check, money order or wire transfer payable to the Company), in
    Common Stock, in a combination of cash and Common Stock or in such other manner as the Board or Committee in its discretion
    may provide.
	 	 	 
	 	(b)	Payment
    of Common Stock. The Fair Market Value
    of any Shares of Common Stock tendered as all or part of the Exercise Price shall be determined in accordance with the Plan
    on the date agreed to by the Company in advance as the date of exercise. The certificates evidencing previously owned Shares
    of Common Stock tendered must be duly endorsed or accompanied by appropriate stock powers. Only stock certificates issued
    solely in your name may be tendered in exercise of your Option. Fractional Shares may not be tendered in satisfaction of the
    Exercise Price; any portion of the Exercise Price which is more than the aggregate Fair Market Value of the number of whole
    Shares tendered must be paid in cash. If a certificate tendered in exercise of the Option evidences more Shares than are required
    pursuant to the immediately preceding sentence for satisfaction of the portion of the Exercise Price being paid in Common
    Stock, an appropriate replacement certificate will be issued to you for the number of excess Shares.

 

	6.	Termination
    of Employment

 

	 	(a)	General.
    The following rules apply to your Option
    in the event of your death, Disability (as defined below), retirement, or other termination of employment.

 

	 	(1)	Termination
    of Employment. If your employment terminates for any reason other than death, Disability or retirement (as those terms are
    used below), your Option will expire as to any unvested and not yet exercisable installments of the Option on the date of
    the termination of your employment and no additional installments of your Option will become exercisable. Your Option will
    be limited to only the number of Shares of Common Stock which you were entitled to purchase under the Option on the date of
    the termination of your employment and will remain exercisable for that number of Shares for the earlier of 90 days following
    the date of your termination of employment or the Expiration Date.
	 	 	 
	 	(2)	Death
    or Disability. If your employment terminates due to Disability, your Option will become 100% vested and fully exercisable
    as to all Shares covered by the Option and will remain exercisable until the Expiration Date. If your employment terminates
    due to your death, your Option will become 100% vested and fully exercisable as to all of the Shares covered by the Option
    and will remain exercisable by your beneficiary in accordance with the Plan until the Expiration Date. For purposes of this
    Appendix, Disability shall have the meaning given that term by the group disability insurance, if any, maintained by the Company
    for its employees or otherwise shall mean your complete inability, with or without a reasonable accommodation, to perform
    your duties with the Company on a full-time basis as a result of physical or mental illness or personal injury you have incurred
    for more than 12 weeks in any 52 week period, whether consecutive or not, as determined by an independent physician selected
    with your approval and the approval of the Company.
	 	 	 
	 	(3)	Adjustments
    by the Committee. The Committee may, in its sole discretion, exercised before or after your termination of employment, declare
    all or any portion of your Option immediately exercisable and/or make any other modification as permitted under the Plan.

 

    	 

     

    

 

 

	 	(b)	Committee
    Determinations. The Committee, if any,
    shall have absolute discretion to determine the date and circumstances of termination of your employment and make all determinations
    under the Plan, and its determination shall be final, conclusive and binding upon you.

 

	7.	Change
    in Control

 

	 	Acceleration
    Upon Change in Control. Notwithstanding
    any contrary provisions of this Award Letter, upon the occurrence of a Change in Control (as defined below) prior to your
    termination of employment, your Option will immediately become 100% vested and fully exercisable as to all Shares covered
    by the Option and the Option will remain exercisable until the Expiration Date. A Change in Control of the Company shall be
    deemed to have occurred as of the first day any one or more of the following conditions shall have been satisfied:

 

	 	(a)	The
    acquisition by any individual, entity or group (within the meaning of Section 13(d)(3) or 14(d)(2) of the Exchange Act) (a
    “Person”) of beneficial ownership (within the meaning of Rule 13d- 3 promulgated under the Exchange Act) of Shares
    representing 35% or more of the combined voting power of the then outstanding voting securities of the Company entitled to
    vote generally in the election of directors (the “Outstanding Company Voting Securities”); provided, however,
    that for purposes of this clause (a), the following acquisitions shall not constitute a Change in Control: (i) any acquisition
    directly from the Company, (ii) any acquisition by the Company, (iii) any acquisition by any employee benefit plan (or related
    trust) sponsored or maintained by the Company or any corporation or other entity controlled by the Company, or (iv) any acquisition
    by any corporation or other entity pursuant to a transaction which complies with subclauses (i), (ii) and (iii) or clause
    (c) below; or
	 	 	 
	 	(b)	Individuals
    who, as of the Effective Date of the Plan, are members of the Board of Directors of the Company (the “Incumbent Board”)
    cease for any reason to constitute at least a majority of the Board of Directors of the Company; provided, however, that for
    purposes of this clause (b), any individual becoming a director subsequent to the date hereof whose election, or nomination
    for election by the Company’s stockholders, was approved by a vote of at least a majority of the directors then comprising
    the Incumbent Board, shall be considered as though such individual were a member of the Incumbent Board, but excluding, for
    this purpose, any such individual whose initial assumption of office occurs as a result of an actual or threatened election
    contest with respect to the election or removal of directors or other actual or threatened solicitation of proxies or consents
    by or on behalf of a Person other than the Board of Directors of the Company; or
	 	 	 
	 	(c)	Consummation
    of a reorganization, merger, conversion or consolidation or sale or other disposition of all or substantially all of the assets
    of the Company (a “Business Combination”), in each case, unless, following such Business Combination, (i) all
    or substantially all of the individuals and entities who were the beneficial owners, respectively, of the Outstanding Company
    Voting Securities immediately prior to such Business Combination beneficially own, directly or indirectly, more than 50% of
    the then outstanding combined voting power of the then outstanding voting securities entitled to vote generally in the election
    of directors of the corporation or other entity resulting from such Business Combination (including, without limitation, a
    corporation or other entity which as a result of such transaction owns the Company or all or substantially all of the Company’s
    assets either directly or through one or more subsidiaries) in substantially the same proportions as their ownership, immediately
    prior to such Business Combination, of the Outstanding Company Voting Securities.

 

	 	 	(ii)
    no Person (excluding any corporation or other entity resulting from such Business Combination or any employee benefit plan
    (or related trust) of the Company or such corporation or other entity resulting from such Business Combination) beneficially
    owns, directly or indirectly, 35% or more of the combined voting power of the then outstanding voting securities of the corporation
    or other entity resulting from such Business Combination except to the extent that such ownership existed prior to the Business
    Combination, and (iii) at least a majority of the members of the board of directors of the corporation or other entity resulting
    from such Business Combination were members of the Incumbent Board at the time of the execution of the initial agreement,
    or of the action of the Board of Directors of the Company, providing for such Business Combination; or

 

    	 

     

    

 

	 	(d)	Approval
    by the stockholders of the Company of a complete liquidation or dissolution of the Company other than in connection with the
    transfer of all or substantially all of the assets of the Company to an affiliate or a Subsidiary of the Company.

 

	8.	Tax
    Consequences and Income Tax Withholding

 

	 	(a)	You
    should review the Company’s 2017 Employee Stock Option Award Plan for a more detailed summary of the income tax consequences,
    if any, of your receipt of this Option based on currently applicable provisions of the Code and related regulations.
	 	 	 
	 	(b)	This
    Award Letter is subject to your making arrangements satisfactory to the Committee to satisfy any applicable federal, state
    or local withholding tax liability arising from the grant or exercise of your Option. You can either make a cash payment to
    the Company of the required amount or you can elect to satisfy your withholding obligation by having the Company retain Shares
    of Common Stock having a Fair Market Value on the date tax is determined equal to the amount of your withholding obligation
    from the Shares otherwise deliverable to you upon the exercise of your Option. You may not elect to have the Company withhold
    Shares of Common Stock having a value in excess of the minimum statutory withholding tax liability. If you fail to satisfy
    your withholding obligation in a time and manner satisfactory to the Committee, the Company shall have the right to withhold
    the required amount from your salary or other amounts payable to you prior to transferring any Shares of Common Stock to you
    pursuant to this Option.
	 	 	 
	 	(c)	In
    addition, you must make arrangements satisfactory to the Committee to satisfy any applicable withholding tax liability imposed
    under the laws of any other jurisdiction arising from your Incentive Award hereunder. You may not elect to have the Company
    withhold Shares having a value in excess of the minimum withholding tax liability under local law. If you fail to satisfy
    such withholding obligation in a time and manner satisfactory to the Committee, no Shares will be issued to you or the Company
    shall have the right to withhold the required amount from your salary or other amounts payable to you prior to the delivery
    of the Common Stock to you.

 

	9.	Compliance
    with Laws

 

This
Award Letter and any Common Stock that may be issued hereunder shall be subject to all applicable laws and the rules of the exchange
on which Shares of the Company’s Common Stock are traded. The Plan and this Award Letter shall be interpreted, construed
and constructed in accordance with the laws of the State of Delaware and without regard to its conflicts of law provisions, except
as may be superseded by applicable laws of the United States or, when applicable, the laws of the State of Israel.

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