Document:

Exhibit 10.2

 

LEAK-OUT
AGREEMENT

 

January
31, 2018

 

This
agreement (the “Leak-Out Agreement”) is being delivered to you in connection with an understanding by and between
My Size, Inc., a Delaware corporation (the “Company”), and the person or persons named on the signature pages
hereto (collectively, the “Holder”).

 

Reference
is hereby made to (a) the Securities Purchase Agreement, dated January 31, 2018, by and among the Company and the Holder and certain
other purchasers signatory thereto (the “SPA”) pursuant to which the Holder acquired (i) shares of Common Stock
(“Shares”) and (ii) Warrants to purchase Common Stock (collectively, the “Holder Warrants”
and together with the Shares, the “Securities”) and (b) the registration statement on Form S-3 (File No. 333-222535)
(“Registration Statement”). Capitalized terms not defined herein shall have the meaning as set forth in the
SPA, unless otherwise set forth herein.

 

The
Holder agrees solely with the Company that from the date that the undersigned executes the SPA (the “Effective Date”)
and ending at 4:00 pm (New York City time) on February 13, 2018 (such period, the “Restricted Period”), neither
the Holder, nor any Affiliate (as such term is defined in the Warrants) of such Holder which (x) had or has knowledge of the transactions
contemplated by the SPA, (y) has or shares discretion relating to such Holder’s investments or trading or information concerning
such Holder’s investments, including in respect of the Securities, or (z) is subject to such Holder’s review or input
concerning such Affiliate’s investments or trading (together, the “Holder’s Trading Affiliates”),
collectively, shall sell, dispose or otherwise transfer, directly or indirectly, (including, without limitation, any sales, short
sales, swaps or any derivative transactions that would be equivalent to any sales or short positions) on any Trading Day during
the Restricted Period (any such date, a “Date of Determination”), shares of Common Stock, or shares of Common
Stock underlying any Convertible Securities, held by the Holder on the date hereof, including the Shares and the Warrant Shares
issuable upon exercise of the Holder Warrants (collectively, the “Restricted Securities”), in an amount more
than ___%1 of the trading volume of Common Stock as reported by Bloomberg, LP for the applicable Date of Determination
(“Leak-Out Percentage”); provided, that the foregoing restriction shall not apply to any actual “long”
(as defined in Regulation SHO of the Securities Exchange Act of 1934, as amended) sales by the Holder or any of the Holder’s
Trading Affiliates at a price greater than $3.00 (in each case, as adjusted for stock splits, stock dividends, stock combinations,
recapitalizations or other similar events occurring after the date hereof).

 

Notwithstanding
anything herein to the contrary, during the Restricted Period, the Holder may, directly or indirectly, sell or transfer all, or
any part, of any Restricted Securities to any Person (an “Assignee”) in a transaction which does not need to
be reported on the consolidated tape on the Principal Market, without complying with (or otherwise limited by) the restrictions
set forth in this Leak-Out Agreement; provided, that as a condition to any such sale or transfer an authorized signatory of the
Company and such Assignee duly execute and deliver a leak-out agreement in the form of this Leak-Out Agreement (an “Assignee
Agreement”, and each such transfer a “Permitted Transfer”) and, subsequent to a Permitted Transfer,
sales of the Holder and the Holder’s Trading Affiliates and all Assignees (other than any such sales that constitute Permitted
Transfers) shall be aggregated for all purposes of this Leak-Out Agreement and all Assignee Agreements.

 

 

 

1
Each Purchaser’s pro-rata portion of 35% if such Purchaser purchases $10,000 or more of shares and warrants

 

     

     

    

 

Any
notices, consents, waivers or other communications required or permitted to be given under the terms of this Leak-Out Agreement
must be in writing and shall be given in accordance with the terms of the SPA.

 

This
Leak-Out Agreement constitutes the entire agreement among the parties hereto with respect to the subject matter hereof and supersedes
all prior negotiations, letters and understandings relating to the subject matter hereof and are fully binding on the parties
hereto.

 

This
Leak-Out Agreement may be executed simultaneously in any number of counterparts. Each counterpart shall be deemed to be an original,
and all such counterparts shall constitute one and the same instrument. This Leak-Out Agreement may be executed and accepted by
facsimile or PDF signature and any such signature shall be of the same force and effect as an original signature.

 

The
terms of this Leak-Out Agreement shall be binding upon and shall inure to the benefit of each of the parties hereto and their
respective successors and assigns.

 

This
Leak-Out Agreement may not be amended or modified except in writing signed by each of the parties hereto.

 

All
questions concerning the construction, validity, enforcement and interpretation of this Leak-Out Agreement shall be governed by
Section 9 of the SPA.

 

Each
party hereto acknowledges that, in view of the uniqueness of the transactions contemplated by this Leak-Out Agreement, the other
party or parties hereto may not have an adequate remedy at law for money damages in the event that this Leak-Out Agreement has
not been performed in accordance with its terms, and therefore agrees that such other party or parties shall be entitled to seek
specific enforcement of the terms hereof in addition to any other remedy it may seek, at law or in equity.

 

The
obligations of the Holder under this Leak-Out Agreement are several and not joint with the obligations of any other holder of
any of the Securities issued under the SPA (each, an “Other Holder”) or any other holder of any of the Securities
issued under the Registration Statement that is not a signatory to the SPA (each, a “Prospectus Purchaser Other Holder”)
under any other agreement, and the Holder shall not be responsible in any way for the performance of the obligations of any Other
Holder or any Prospectus Purchaser Other Holder under any such other agreement. Nothing contained herein or in this Leak-Out Agreement,
and no action taken by the Holder pursuant hereto, shall be deemed to constitute the Holder and Other Holders or any Prospectus
Purchaser Other Holder as a partnership, an association, a joint venture or any other kind of entity, or create a presumption
that the Holder and the Other Holders or any Prospectus Purchaser Other Holder are in any way acting in concert or as a group
with respect to such obligations or the transactions contemplated by this Leak-Out Agreement and the Company acknowledges that
the Holder and the Other Holders or any Prospectus Purchaser Other Holder are not acting in concert or as a group with respect
to such obligations or the transactions contemplated by this Leak-Out Agreement or any other agreement. The Company and the Holder
confirm that the Holder has independently participated in the negotiation of the transactions contemplated hereby with the advice
of its own counsel and advisors. The Holder shall be entitled to independently protect and enforce its rights, including, without
limitation, the rights arising out of this Leak-Out Agreement, and it shall not be necessary for any Other Holder or any Prospectus
Purchaser Other Holder to be joined as an additional party in any proceeding for such purpose.

 

The
Company hereby represents and warrants as of the date hereof and covenants and agrees from and after the date hereof that none
of the terms offered to any Other Holder or any Prospectus Purchaser Other Holder with respect to any restrictions on the sale
of Securities substantially in the form of this Leak-Out Agreement (or any amendment, modification, waiver or release thereof)
(each a “Settlement Document”), is or will be more favorable to such Other Holder than those of the Holder
and this Leak-Out Agreement. If, and whenever on or after the date hereof, the Company enters into a Settlement Document with
terms that are materially different from this Leak-Out Agreement, then (i) the Company shall provide notice thereof to the Holder
promptly following the occurrence thereof and (ii) the terms and conditions of this Leak-Out Agreement shall be, without any further
action by the Holder or the Company, automatically amended and modified in an economically and legally equivalent manner such
that the Holder shall receive the benefit of the more favorable terms and/or conditions (as the case may be) set forth in such
Settlement Document, provided that upon written notice to the Company at any time the Holder may elect not to accept the benefit
of any such amended or modified term or condition, in which event the term or condition contained in this Leak-Out Agreement shall
apply to the Holder as it was in effect immediately prior to such amendment or modification as if such amendment or modification
never occurred with respect to the Holder. The provisions of this paragraph shall apply similarly and equally to each Settlement
Document.

 

[The
remainder of the page is intentionally left blank]

 

    	 	2	 

     

    

 

The
parties hereto have executed this Leak-Out Agreement as of the date first set forth above.

 

	 	Sincerely,
	 	 
	 	MY
    SIZE, INC.
	 	 	 	 
	 	By:	 
	 	 	Name: 	 
	 	 	Title:	 

 

Agreed
to and Acknowledged:

 

	“HOLDER”	 
	 	 
	 	 
	 	 	 	 
	By:	 	 
	 	Name: 	 	 
	 	Title:	 	 

 

 

 

3Exhibit 10.3

 

Form of Lock-Up Agreement

 

January __, 2018

Roth Capital Partners, LLC

888 San Clemente Drive

Newport Beach, CA 92660

 

Ladies and Gentlemen:

 

The undersigned understands
that you, as Placement Agent, has entered into, or proposes to enter into the Placement Agency Agreement (the “Placement
Agency Agreement”) with My Size, Inc., a Delaware corporation (the “Company”), providing for the offering
(the “Offering”) of shares (the “Shares”) of common stock, par value $0.001 per share (the
“Common Stock”), of the Company and common warrants to purchase Common Stock (the “Common Warrants”,
and together with the Shares, the “Securities”). Capitalized terms used herein and not otherwise defined shall
have the meanings set forth in the Placement Agency Agreement.

 

In consideration of the
foregoing, and in order to induce you to participate the Offering, and for other good and valuable consideration receipt of which
is hereby acknowledged, the undersigned hereby agrees that, without the prior written consent of the Placement Agent (which consent
may be withheld in its sole discretion), the undersigned will not, during the period (the “Lock-Up Period”)
beginning on the date hereof and ending on the earlier of (i) March 31, 2018 and (ii) the date that the Company files its Annual
Report on Form 10-K for the fiscal-year ended December 31, 2017, (1) offer, pledge, announce the intention to sell, sell, contract
to sell, sell any option or contract to purchase, purchase any option or contract to sell, grant any option, right or warrant to
purchase, or otherwise transfer or dispose of, directly or indirectly, or file (or participate in the filing of) a registration
statement with the Securities and Exchange Commission in respect of, any shares of Common Stock or any securities convertible into
or exercisable or exchangeable for shares of Common Stock (including without limitation, shares of Common Stock which may be deemed
to be beneficially owned by the undersigned in accordance with the rules and regulations of the Securities and Exchange Commission
and securities which may be issued upon exercise of a stock option or warrant), (2) enter into any swap or other agreement that
transfers, in whole or in part, any of the economic consequences of ownership of the shares of, whether any such transaction described
in clause (1) or (2) above is to be settled by delivery of shares of Common Stock or such other securities, in cash or otherwise,
(3) make any demand for or exercise any right with respect to, the registration of any shares of Common Stock or any security convertible
into or exercisable or exchangeable for shares of Common Stock, or (4) publicly announce an intention to effect any transaction
specific in clause (1), (2) or (3) above.

 

     

     

    

 

Notwithstanding the foregoing,
the restrictions set forth in clause (1) and (2) above shall not apply to (a) transfers (i) as a bona fide gift or gifts, provided
that the donee or donees thereof agree to be bound in writing by the restrictions set forth herein, (ii) to any trust for the direct
or indirect benefit of the undersigned or the immediate family of the undersigned, provided that the trustee of the trust agrees
to be bound in writing by the restrictions set forth herein, and provided further that any such transfer shall not involve a disposition
for value, or (iii) with your prior written consent, (b) the acquisition or exercise of any stock option issued pursuant to the
Company’s existing stock option plan, including any exercise effected by the delivery of shares of Common Stock of the Company
held by the undersigned, (c) the purchase or sale of the Company’s securities pursuant to a plan, contract or instruction
that satisfies all of the requirements of Rule 10b5-1(c)(1)(i)(B) that was in effect prior to the date hereof, and (d) the sale
of shares to the Company for purposes of satisfying the undersigned’s tax obligations upon vesting of awards issued under
the Company’s incentive plans. For purposes of this Lock-Up Agreement, “immediate family” shall mean any relationship
by blood, marriage or adoption, not more remote than first cousin.

 

The foregoing restrictions
are expressly agreed to preclude the undersigned from engaging in any hedging or other transaction which is designed to or reasonably
expected to lead to or result in a sale or disposition of shares of Common Stock even if such securities would be disposed of by
someone other than the undersigned. Such prohibited hedging or other transactions would include without limitation any short sale
or any purchase, sale or grant of any right (including without limitation any put option or put equivalent position or call option
or call equivalent position) with respect to any of the shares of Common Stock or with respect to any security that includes, relates
to, or derives any significant part of its value from such shares.

 

The undersigned hereby
represents and warrants that the undersigned has full power and authority to enter into this Lock-Up Agreement. All authority herein
conferred or agreed to be conferred and any obligations of the undersigned shall be binding upon the successors, assigns, heirs
or personal representatives of the undersigned.

 

The undersigned also agrees
and consents to the entry of stop transfer instructions with the Company’s transfer agent and registrar or depositary against
the transfer of the undersigned’s shares of Common Stock except in compliance with the foregoing restrictions.

 

The undersigned understands
that, if the Placement Agency Agreement does not become effective, or if the Placement Agency Agreement (other than the provisions
thereof which survive termination) shall terminate or be terminated prior to payment for and delivery of the Shares to be sold
thereunder, or if the Closing Date has not occurred on or before February __, 2018, the undersigned shall be released from all
obligations under this Lock-Up Agreement.

 

This Lock-Up Agreement
shall be governed by and construed in accordance with the laws of the State of New York, without regard to the conflict of laws
principles thereof.

 

	 	Very truly yours,
	 	 
	 	 
	 	Name:

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