Document:

Exhibit
10.1

 

SHARE
EXCHANGE AGREEMENT

 

This
Share Exchange Agreement (this “Agreement”) is made and entered into as of the 7th
of September, 2020 (the “Signature Date”) by and among: from the first part: (a) , by its shareholders Mr.
Yaniv Yaar Aharon, Israeli ID 37244365, of Tagor 42, Tel-Aviv, Israel (“Yaniv”) ,Mr. Dan Barcai-Csiless, Israeli
ID 34361964, of Raul Valenberg 6/33, Rehovot, Israel, (“Dan”), Mr. Maayan Amsalem, Israeli ID 40645699, of
Eli Cohen 20, Herzeliya, Israel (“Maayan”), Mrs. Ester Brod, Israeli ID 53264545, of Shchaniya 34, Shchaniya,
Israel (“Ester”), , Mrs. Ilans Aharon, Israeli ID 69426328, of Slomensky 9, Yafo, Israel (“Ilana”),
Mrs. Rony Rozner, Israeli ID 39684816, of Har Boker 11, Kfar Saba, Israel (“Rony”), Mr. Gil Zomer, Israeli
ID 15509672, of Har Boker 11, Kfar Saba, Israel, (“Gil”) and Ocean Partners Y.O.D Ltd., a company registered
in Israel, co. no. 515121267(“Ocean”) of Menachem Begin 12, Ramat Gan, Israel, and from the other part: (b)
Creations, Inc., a company organized under the laws of Delaware of 8 The Green, St. A, Dover, Delaware, 19901 (“Creations”)
and Yetsira Holding Ltd., a company registered in Israel, co. no. 515755643 (“Yetsira”) (each, a “Party”,
and collectively, the “Parties”).

 

RECITALS

 

		WHEREAS,	as
                                         of the Signature Date, Yaniv,Dan, Maayan, Ester, Ilana, Rony and Gil (together the “Shareholders”)
                                         are the main shareholders of Ocean;

 

		WHEREAS,	as
                                         of the Signature Date, Ocean operates Mutual Funds investment management services for
                                         6 mutual funds (“the Funds”, as set forth in annex A
                                         hereunder) with total assets of 223M NIS under management, and managed clients portfolios
                                         of (in aggregate) 105M NIS, all together Assets Under Management (“AUM”)
                                         of 328M NIS (“Ocean Portfolio Operations”);

 

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		WHEREAS,	the
                                         Parties have agreed that it would be in their best interests to effect, subject to the
                                         satisfaction, unless duly waived, of the applicable conditions set forth in this Agreement
                                         , a transaction pursuant to which 925 Shares of Ocean, 0.01 NIS par value which constitute
                                         92.5% of the issued shares of Ocean at the Closing Date (as defined below), (the “Transferred
                                         Ocean’s Shares”) shall be transferred and assigned to Yetsira, a subsidiary
                                         of Creations, in consideration of the issuance by Creations toYaniv of 554,692 shares
                                         of common stock, $0.001 par value per share of Creations and 3 years 554,692 warrants
                                         to buy Creations shares for $1 per share, to Dan of 290,230 shares of common stock, $0.001
                                         par value per share of Creations and 3 years 290,230 warrants to buy Creations shares
                                         for $1 per share, to Maayan of 280,736 shares of common stock, $0.001 par value per share
                                         of Creations and 3 years 280,736 warrants to buy Creations shares for $1 per share, to
                                         Ester of 27,124 shares of common stock, $0.001 par value per share of Creations and 3
                                         years 27,124 warrants to buy Creations shares for $1 per share, to Ilana of 67,811 shares
                                         of common stock, $0.001 par value per share of Creations and 3 years 67,811 warrants
                                         to buy Creations shares for $1 per share, to Gili and Rony of 33,905 shares of common
                                         stock, $0.001 par value per share of Creations and 3 years 33,905 warrants to buy Creations
                                         shares for $1 per share, (together the “Issued Creations’ Shares”),
                                         so that following consummation of the transaction contemplated hereunder, Yetsira shall
                                         become the sole shareholder of the entire issued share capital of Ocean and Ocean Shareholders
                                         shall become a shareholder of Creations, all as more fully set forth in this Agreement.

 

NOW
THEREFORE, in consideration of the mutual promises and covenants contained in this Agreement, the parties hereto agree as follows:

 

		1.	Preamble,
                                         Annexes and Headings

 

		1.1.	The
                                         Preamble and the Annexes to the Agreement constitute an inseparable part of the Agreement.

 

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		1.2.	The
                                         headings in the Agreement and its annexes are for purposes of reference only and shall
                                         not be used in interpreting the Agreement.

 

		2.	The
                                         Transaction

 

Subject
to the terms and conditions of this Agreement, on the Closing Date:

 

		2.1.	Ocean
                                         shareholders shall transfer, assign, convey and deliver to Yetsira the Transferred Ocean’s
                                         Shares , and (b) Creations shall issue and allot to Ocean shareholders the Issued Creations’
                                         Shares, constituting on the Closing Date, 35.40% of the issued share capital of Creations,
                                         on a fully diluted base as of the Closing Date.

 

		2.2.	Undertakings
                                         of the Parties for the Intermediate Period

 

Immediately
following the Signature date, and until the Closing Date (hereunder : “the Intermediate Period”), the Parties
will:

 

		2.2.1.	Yaniv
                                         Aharon, CEO of Ocean, will be nominated as CEO of Yetsira under terms as set forth in
                                         an employment agreement (Annex 2.2.1 hereunder);

 

		2.2.2.	Yetsira
                                         representative will be nominated to the board of Ocean and shall have a veto right to
                                         all board’s resolutions regrading minority rights, including: amendment of the
                                         AoA, issuance of shares, the sale of all or substantially all the business operations;
                                         a material change in the Company’s business operations (including any purchase
                                         or sale which is not in the ordinary course of business; any material deviation from
                                         Company’s budget and/or action which is not in the ordinary course of business

 

		2.2.3.	Provided
                                         that funds managed by Ocean and by a subsidiary of Yetsira are all managed under Models
                                         Mutual Fund Management Ltd. (“Models MFM”) and provided Models MFM
                                         will initiate mergers of funds such funds, subject to hosting agreements of Models MFM
                                         with both Ocean and Yetsira, Ocean and Yetsira will not object to such proposed mergers.

 

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		2.2.4.	Ocean
                                         will use its income for financing Ocean’s ordinary course of business operation
                                         during the Intermediate Period, and will not distribute any gains or make any interested
                                         party transactions (other than as in existing agreements) without the prior written consent
                                         of Yetsira’s representative in the board of Ocean.

 

		3.	Conditions
                                         to Closing

 

		3.1.	The
                                         obligations of the Parties to effect the Closing (as defined hereunder) shall be subject
                                         to the fulfillment on or prior to the Closing Date, of the following conditions (all
                                         or part of which, and subject to applicable Law, may be waived by the relevant Party,
                                         in writing) “(Conditions Precedent”):

 

		3.1.1.	There
                                         shall not have been any action taken, or any law, rule, regulation, order, judgment,
                                         or decree proposed, promulgated, enacted, entered, enforced, or deemed applicable to
                                         the transactions contemplated by this Agreement, by any local, or other governmental
                                         authority or by any court or other tribunal, including the entry of a preliminary or
                                         permanent injunction, which makes this Agreement or any of the transactions contemplated
                                         by this Agreement illegal or otherwise materially prohibits, restricts, or delays consummation
                                         of any of the other transactions contemplated by this Agreement.

 

		3.1.2.	The
                                         consent of all banks and/or other third parties in which Ocean has accounts or where
                                         such consent is required as set forth in agreements between Ocean and such 3rd
                                         parties, as listed in Annex 3.1.3 hereto, for the transfer of control,
                                         shall have been obtained;

 

		3.1.3.	the
                                         approval of the Israel Competition Authority, if required, shall have been obtained;

 

		3.1.4.	Ocean’s
                                         Equity (ימצעןוה) shall be positive..

 

		3.1.5.	No
                                         Material Adverse Change has occurred with regards to either party prior to the Closing
                                         Date.

 

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For
purposes herein, the term ‘Material Adverse Change’ means any change, event, occurrence or circumstance that,
in the aggregate with all other changes, events, occurrences and circumstances, results in: (i) loss or threatened loss of either
Yetsira Investment House Ltd. (a fully owned subsidiary Yetsira) of or Ocean’s license as a portfolio manager; (ii) a material
claim was filed by a 3rd party against either Yetsira or Ocean (for the purpose of this sub section (iii) - Material
Claim – a claim that may result, based on the opinion of either Creations or Ocean’s legal advisors, in a loss of
license or permit, or in case the damage is not covered by an insurance policy, may cause the relevant party to decrease its capital
below the legally required capital, and such decrease is not covered by the respective shareholders of such party);

 

		3.2.	If
                                         either party has not satisfied and meet all the Conditions Precedent within 90 days following
                                         the Signature Date, then the other party, at its sole discretion, may terminate the Agreement,
                                         which shall be null and have no further force and effect.

 

		4.	The
                                         Closing

 

		4.1.	The
                                         closing of the transaction, the transfer of the Transferred Ocean’s Shares to Creations,
                                         and the issue and allotment of the Issued Creations’ Shares by Creations, and the
                                         registration of all such transactions in the register of shareholders of each Ocean and
                                         Creations (the “Closing”) shall occur simultaneously with within [7]
                                         business days from the satisfaction of all Conditions Precedent (and unless such
                                         un-satisfied condition is waived in agreement by the Parties), or such other date, time
                                         and place the Parties shall mutually agree (the “Closing Date”).

 

		4.2.	The
                                         Closing shall take place at the offices of M. Firon & Co,2 Hashlosha Street, Tel
                                         Aviv.

 

		4.3.	At
                                         the Closing, the following transactions shall occur, which transactions shall be deemed
                                         to take place simultaneously and no transaction shall be deemed to have been completed
                                         or any document delivered until all such transactions have been completed and all required
                                         documents delivered:

 

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		4.3.1.	The
                                         Parties shall sign duly share transferred deeds with regards to Transferred Ocean’s
                                         Shares.

 

		4.3.2.	Validly
                                         executed share certificates and Warrant letters for the Issued Creations’ Shares
                                         issued to Ocean Shareholders, , shall be transferred to Ocean Shareholders and will be
                                         attached hereto as Annex 4.3.2.

 

		4.3.3.	Copies
                                         of resolutions of Ocean, Yetsira and Creations’ Board of Directors approving the
                                         transaction will be attached hereto as Annex 4.3.3.

 

		4.3.4.	Updated
                                         register of shareholders of each of Ocean and Creations, shall be attached hereto as
                                         Annex 4.3.4..

 

		4.3.5.	Creations
                                         shall adopt new Articles of Association in the form attached hereto as Annex 4.3.5.
                                         

 

		4.3.6.	Guy
                                         Nissensohn, as the majority shareholder of Creations, and Mr. Yaniv Yaar Aharon shall
                                         sign a Shareholder Agreement in the form attached hereto as Annex 4.3.6 (the
                                         “Creations Shareholders Agreement”).

 

		5.	Representations
                                         and Warranties of Ocean Holdings and the Shareholders

 

Ocean
Holdings, represents and warrants to Creations as follows:

 

		5.1.	Ocean
                                         is a company duly incorporated and organized and validly subsisting under the laws of
                                         the State of Israel. The Articles of Association of Ocean as in effect at the Signature
                                         Date are attached hereto as Annex 5.1.

 

		5.2.	Ocean
                                         is bound by an agreement with Models MFM in the form attached as Annex 5.2 hereunder,
                                         whereby Ocean receives hosting services, and manages the portfolios of the Funds (the
                                         “Models Agreement”), and has conformed to the provisions set out in
                                         the Models Agreement.

 

		5.3.	The
                                         authorized share capital of Ocean at the Signature Date (prior to the transfer of the
                                         Transferred Ocean’s Shares) shall consist of 100,000 Ordinary Shares, of which
                                         1,000 are issued and outstanding.

 

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		5.4.	As
                                         of the Closing Date, Ocean Shareholders will have the absolute and unrestricted right,
                                         power and authority to perform its obligations under this Agreement and the execution,
                                         delivery and performance of this Agreement have been duly authorized by all necessary
                                         action. This Agreement constitutes the legal, valid and binding obligation of Ocean shareholders.

 

		5.5.	Except
                                         for Models MFM’s approval for the change of holdings and control in Ocean which
                                         is mandated under the Models Agreement and which will be obtained by Ocean and the Shareholders
                                         within 30 days and thereafter will be attached to this Agreement as Annex 5.5A,
                                         the report to the ISA of said change of control, a draft of which is attached hereto
                                         as Annex 5.5B, a shareholder and officers declaration to be prepared by
                                         Creations and reported to the ISA, a draft of which is attached hereto as Annex
                                         5.5C, and the approval of the Israel Competition Authority (if required) no other
                                         consent, approval, order, license, permit, action by, or authorization of or designation,
                                         declaration, or filing with any governmental authority or other third party on the part
                                         of Ocean shareholders is required that has not been, or will not have been, obtained
                                         by Ocean Shareholders prior to or at the Closing in connection with the valid execution,
                                         delivery and performance of this Agreement or the sale and transfer of Transferred Ocean’s
                                         Shares, except approval of the Board of Directors of Ocean .

 

		5.6.	Ocean
                                         is the sole record and owner of operator of the Ocean Portfolio Operations and have the
                                         power to operate it.

 

		5.7.	Ocean’s
                                         Shares and Ocean’s right to operate the Ocean’s Portfolio Operations are
                                         free and clear of any and all liens, claims, charges, encumbrances, rights, options to
                                         purchase, right of first refusal, proxies, voting trusts and other voting agreements,
                                         calls or commitments of every kind, except rights to the Shareholders under the shareholders
                                         agreements between the Shareholders, and except to the Shareholders’ rights under
                                         the Articles of Association of Ocean.

 

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		5.8.	There
                                         are no outstanding options, warrants, commitments, conversion rights, agreements, understandings,
                                         restrictions, arrangements, or rights of any character to which Ocean, nor one of the
                                         Shareholders is a party or by which Ocean may be bound, obligating Ocean to issue, deliver,
                                         or sell or cause to be issued, delivered, or sold any shares of capital stock or any
                                         securities convertible into or exchangeable for any shares of capital stock of Ocean

 

		5.9.	The
                                         execution, delivery and performance of this Agreement does not violate Ocean’s
                                         Articles of Association nor will it conflict with or violate the terms of (i) any judgment,
                                         order or ruling of any governmental authority to which Ocean is subject, (ii) applicable
                                         law or (iii) any agreement, license or commitment to which Ocean is a party or to which
                                         it is subject and which would impair the ability of Ocean shareholder to execute, deliver
                                         or perform this Agreement, except the provisions of the shareholders agreements between
                                         the Shareholders which have been terminated by the Shareholders, and the provisions of
                                         the Articles of Association of Ocean.

 

		5.10.	Ocean
                                         has not received any written notice of any action, suit, litigation, or governmental
                                         proceeding pending or contemplated against Ocean.

 

		5.11.	Ocean’s
                                         annual financial statement for the fiscal year ending on December 31, 2019, will be signed
                                         within 14 days of the Signature Date and thereafter will be attached to this Agreement
                                         as Annex 5.11. Such annual statement together with Ocean’s Balance
                                         sheet to the 31th of May,2020 will be referred together as the “Ocean’s
                                         Financial Statements”. Ocean’s Financial Statements shall be in accordance
                                         with the books and records of Ocean and shall be prepared in accordance with Israeli
                                         generally accepted accounting principles (“GAAP”) consistently applied,
                                         and fairly present in all material respects the financial position of Ocean as of such
                                         dates and the results of its operations for the periods then ended all in accordance
                                         with GAAP.

 

		5.12.	To
                                         the best of their knowledge, Ocean operations has been handled since its foundation in
                                         a regular course of business.

 

		5.13.	The
                                         number of individual clients, corporate clients managed by Ocean, and the portfolios
                                         of the Funds, are attached as Annex 5.13, including the yearly and latest
                                         quarterly report to the ISA of Ocean operations business as mandated under law.

 

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		5.14.	To
                                         the best of their knowledge, no fault in their credibility, as such is defined under
                                         the Regulation of Investment Advice, Investment Marketing and Investment Portfolio Management
                                         Law, 1995, has occurred and there is no reason that such fault shall be found by the
                                         ISA or that Ocean fit&proper standing shall be prejudiced or for their position as
                                         controlling shareholders, licensed portfolio managers, directors and officers in Ocean
                                         shall be revoked.

 

		5.15.	At
                                         Closing, other than as set forth in the Financial Statements Ocean shall have no liability,
                                         indebtedness, obligation, commitment, claim, debt, deficiency or guaranty of or by any
                                         person of any type, including towards the Shareholders (as salary, debt, or loan) whether
                                         known or unknown, disputed or undisputed, secured or unsecured, due or to become due,
                                         vested or unvested, liquidated or unliquidated, accrued, absolute, contingent, matured
                                         or immature (together “Liability”).

 

		5.16.	Neither
                                         Ocean, nor the shareholders, has, directly or indirectly, dealt with anyone acting in
                                         the capacity of a finder or broker and has not incurred any obligations for any finder’s
                                         or broker’s fee or commission in connection with the transactions contemplated
                                         by this Agreement.

 

		5.17.	This
                                         Agreement and the Annexes hereto, taken as a whole, do not include any untrue statement
                                         of a fact or omit to state a fact necessary to make the statements herein not misleading.

 

		5.18.	No
                                         representation or warranty of Ocean contained in this Agreement or in any document furnished
                                         by or on behalf of Ocean, contains any untrue statement of a fact or omits to state a
                                         fact necessary in order to make the statements contained herein or therein not misleading
                                         in light of the circumstances under which they were made. There is no fact or information
                                         individually or in the aggregate relating to the business, condition (financial or otherwise),
                                         affairs, operations, prospects, assets or properties of Ocean, existing as of the date
                                         hereof and as of the Closing, that has not been explicitly disclosed in writing to Creations
                                         by Ocean and/or Shareholders and which: (i) is reasonably necessary to enable a reasonable
                                         investor to decide to enter into the transactions contemplated in this Agreement; or
                                         (ii) have or could reasonably be expected to have effect on Ocean or its business.

 

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the
Shareholders, severally and jointly, represent and warrant to Creations as follows:

 

		5.19.	The
                                         Shareholders has the absolute and unrestricted right, power and authority to perform
                                         their obligations under this Agreement.

 

		5.20.	As
                                         of the Signature Date, The Shareholders are the record and beneficial owner (including
                                         proxy) of 925 Ocean’s shares which constitute as of the Signature Date, 92.5% of
                                         the outstanding shares of Creations.

 

		5.21.	There
                                         is no limitation and/or restriction according to Ocean’s Articles of Association
                                         to execute the Ocean Restructure, and the Shareholders will have the sole responsibility
                                         to the Ocean Restructure process.

 

		5.22.	The
                                         Shareholders undertake to use their best efforts to fulfil the execution of the Ocean
                                         Restructure by no later than 90 days following the Signature date. It is however clarified
                                         that execution of the Ocean Restructure is a Condition for Closing that may be waived
                                         by the Shareholders as set forth in clause 3.1.1 above.

 

		6.	Representations
                                         and Warranties of Creations 

 

Creations
represents and warrants to the Shareholders and Ocean as follows:

 

		6.1.	Creations
                                         is a company duly incorporated and organized and validly subsisting under the laws of
                                         Delaware. The Articles of Association of Creations as in effect at the Signature Date
                                         is attached hereto as Annex 61.

 

		6.2.	The
                                         authorized share capital of Creations at the Signature (prior to the allotment of the
                                         Issued Creations’ Shares) shall consist of (A) 100,000,000 Shares, of common stock
                                         of which 2,289,744 share are issued as of the Signature Date, , all as detailed in Creations’
                                         Cap-Table attached here to as Annex 6.2.

 

		6.3.	Creations
                                         has the absolute and unrestricted right, power and authority to perform its obligations
                                         under this Agreement and the execution, delivery and performance by Creations of this
                                         Agreement have been duly authorized by all necessary action on the part of Creations.
                                         This Agreement constitutes the legal, valid and binding obligation of Creations.

 

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		6.4.	No
                                         consent, approval, order, license, permit, action by, or authorization of or designation,
                                         declaration, or filing with any governmental authority or other third party on the part
                                         of Creations and/or Yetsira is required that has not been, or will not have been, obtained
                                         by Creations and/or Yetsira prior to or at the Closing in connection with the valid execution,
                                         delivery and performance of this Agreement or the sale and transfer of the Issued Creations’
                                         Shares, except approval of the Board of Directors of Creations and Yetsira..

 

		6.5.	The
                                         name of the record and beneficial owners of Creations’ Shares which have the sole
                                         power to dispose of and to vote such shares is detailed in Creations’ Cap-Table
                                         attached here to as Annex 6.2. The Issued Creations’ Shares are and
                                         will be, upon the Closing date, free and clear of any and all liens, claims, charges,
                                         encumbrances, rights, options to purchase, right of first refusal, proxies, voting trusts
                                         and other voting agreements, calls or commitments of every kind, except to the Creations’
                                         Shareholders’ rights under the Articles of Association of Creations as will be
                                         in effect upon Closing.

 

		6.6.	The
                                         rights of Creations’ shareholders are governed by Creations’ bylaws, and
                                         its Articles of Association.

 

		6.7.	The
                                         execution, delivery and performance of this Agreement does not violate Creations’
                                         Articles of Association nor will it conflict with or violate the terms of (i) any judgment,
                                         order or ruling of any governmental authority to which Creations is subject, (ii) applicable
                                         law or (iii) any agreement, license or commitment to which Creations is a party or to
                                         which it is subject and which would impair the ability of Creations’ Shareholders
                                         and Creations to execute, deliver or perform this Agreement.

 

		6.8.	Creation’s
                                         financial statement for the fiscal year ending on December 31, 2019, (the “Creations’
                                         Financial Statements”) attached to this Agreement as Annex 6.9 Creations’
                                         Financial Statements shall be in accordance with the books and records of Creations
                                         and shall be prepared in accordance with US GAAP)accounting principles consistently applied,
                                         and fairly present in all material respects the financial position of Creations as of
                                         such dates and the results of its operations for the periods then ended all in accordance
                                         with such accounting principles.

 

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		6.9.	To
                                         the best of their knowledge, Creations operations has been handled since its foundation
                                         in a regular course of business.

 

		6.10.	Creations
                                         has not received a written notice of any action, suit, litigation, or governmental proceeding
                                         pending or contemplated against Creations.

 

		6.11.	To
                                         the best of its knowledge, no fault in Creations’ or Yetsira credibility, as such
                                         is defined under any law, has occurred and there is no reason that such fault shall be
                                         found by any government authority or that Creations’ and or Yetsira fit& proper
                                         standing shall be prejudiced.

 

		6.12.	Creations
                                         has not, directly or indirectly, dealt with anyone acting in the capacity of a finder
                                         or broker and has not incurred any obligations for any finder’s or broker’s
                                         fee or commission in connection with the transactions contemplated by this Agreement.

 

		6.13.	Creations
                                         hereby confirms that prior to Signature Date it has received information regarding Ocean
                                         (including its operation such as Funds under management, clients’ accounts and
                                         etc.) and based on such information and based on the warranties and representation mentioned
                                         in this Agreement, Creation and Yetsira decided to enter to this Agreement.

 

		6.14.	This
                                         Agreement and the Annexes hereto, taken as a whole, do not include any untrue statement
                                         of a fact or omit to state a fact necessary to make the statements herein not misleading.

 

		6.15.	Except
                                         for the representations and warranties expressly contained in this Section 6, Creations
                                         does not make any other express or implied representation or warranty, and Creations
                                         hereby disclaim any other representations or warranties, whether express or implied.

 

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		7.	Shareholders’
                                         Release of Claims 

 

Upon
the Closing:

 

		7.1.	Each
                                         of the Shareholders (regarding Ocean) and Guy (regarding Creations) hereby warrants and
                                         represents that he, or anyone acting on his behalf, does not have, and shall not have
                                         following the Signature Date, any demand and/or claim against the other shareholders,
                                         Ocean, , Creations (respectively) or any of their affiliates, directors, officers, representatives,
                                         or anyone acting on their behalf, in relation to Ocean, , Creations their subsidiaries,
                                         financial state, this Agreement, or any act or omission, including such act or omission
                                         as a shareholder, director, officer, employee, contractor or otherwise in relation to
                                         Ocean and/or Creations and/or any of its subsidiaries, regarding the time prior to the
                                         Signature date, all – whether known or unknown at the time of signing this Agreement.

 

		8.	Indemnification

 

Definitions:
In this Section 8, and with regards to the Transferred Oceans’ Shares - the Shareholders are referred to as the “Seller/s”
and Creations is referred as “Buyer”, and with regards to Creations’ Shares, Creations is referred to
as the “Seller” and Ocean Holdings or the Shareholders are referred as “Buyer/s”. In addition,
the Buyer is referred to as the “Indemnified Party”, and the Seller is referred to as the “Indemnifying
Party”.

 

		8.1.	The
                                         indemnification provided for in Section 8 shall be subject to the following limitations:

 

		8.1.1.	Except
                                         in the event of fraud, willful misconduct or intentional breach by the Seller’s
                                         representations and warranties contained herein by Seller; shall survive the Closing
                                         and shall remain in full force and shall remain in effect until the date that is 18 month
                                         from the Closing. With respect to fraud, willful misconduct or intentional breach by
                                         the Seller such representations and warranties shall survive the Closing and shall remain
                                         in full force until the applicable statute of limitation lapses.

 

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		8.1.2.	Subject
                                         to the limitations set forth in this section 8, from and after the Closing, Seller hereby
                                         undertakes to indemnify, and agree to defend, and hold harmless Buyer from, against,
                                         and with respect to any claim, liability, obligation, loss, damage, assessment, judgment,
                                         cost, and expense (including, without limitation, reasonable attorneys’ fees and
                                         costs and expenses reasonably incurred in investigating, preparing, defending against,
                                         or prosecuting any litigation or claim, action, suit, proceeding, or demand) (collectively,
                                         the “Loss”), as and when incurred, of any kind or character directly
                                         arising out, relating, or attributable to inaccuracy of any material representation
                                         or breach of any warranty of Seller contained in this Agreement.

 

		8.1.3.	The
                                         Buyer may not recover Losses from the Seller in respect of any claim for indemnification
                                         in accordance with section 8 unless the amount of Losses claimed in the aggregate is
                                         greater than USD 100,000 (the “Indemnification Threshold”).
                                         Once the Indemnification Threshold has been exceeded, the Buyer shall be entitled to
                                         recover all Losses including those within the Indemnification Threshold. Notwithstanding
                                         the foregoing, the Indemnification Threshold shall not apply as a threshold to any Losses
                                         based on fraud, willful misconduct or international breach by the Seller.

 

		8.1.4.	The
                                         aggregate liability of Seller shall be as follows:

 

		8.1.4.1.	except
                                         with respect to Losses based on or otherwise related to Seller’s fraud and/or intentional
                                         misrepresentation, Seller’s aggregate liability for all Losses shall not exceed
                                         the Value of the Issued Creations’ Shares at Closing based on the value of USD
                                         1.00 per share;

 

		8.1.4.2.	with
                                         respect to Losses based on or otherwise related to Seller’s fraud and/or intentional
                                         misrepresentation, the Buyer may recover all of its Losses from the Seller without limitation.

 

    	14

     

    

 

		8.1.5.	In
                                         case of Indemnification according to this Section 8, the Indemnification shall be executed
                                         by an adjustment to the number of the Issued Creations’ Shares, based on the scope
                                         of the indemnification.

 

		9.	Miscellaneous

 

		9.1.	The
                                         Agreement and the Annexes attached thereto constitute the entire agreement among the
                                         Parties, supersedes all prior understandings, whether written or oral, and may not be
                                         amended or modified except by a writing signed by each of the Parties.

 

		9.2.	Each
                                         Party hereto shall execute and cause to be delivered to each other Party hereto such
                                         instruments and other documents, and shall take such other actions, as such other Party
                                         may reasonably request (prior to, at or after the Closing) for the purpose of carrying
                                         out or evidencing any of the transactions contemplated by this Agreement.

 

		9.3.	Each
                                         of the Parties hereto shall pay its own expenses in connection with this Agreement and
                                         the transactions contemplated hereby.

 

		9.4.	No
                                         waiver of any term, provision or condition of the Agreement shall be deemed to be construed
                                         as a further or continuous waiver of any such, or other, term, provision or condition.

 

		9.5.	All
                                         notices and other communications required or permitted hereunder shall be in writing,
                                         shall be effective when given, and shall in any event be deemed to be given upon receipt
                                         or, if earlier, (a) five (5) business days after the business day of deposit with the
                                         Israel Postal Service, if delivered by postage prepaid; (b) upon delivery, if delivered
                                         by hand; (c) one (1) business day after the business day of facsimile transmission, if
                                         delivered by facsimile transmission. All such notices and other communications shall
                                         be addressed to the following addresses or such other address as the recipient party
                                         may designate by ten (10) days’ advance written notice to the other party pursuant
                                         to the provisions above:

 

		9.6.	This
                                         Agreement may be executed in several counterparts, each of which shall constitute an
                                         original and all of which, when taken together, shall constitute one agreement.

 

    	15

     

    

 

		9.7.	This
                                         Agreement shall be governed for all purposes exclusively by the laws of the State of
                                         Israel. Any dispute arising under or in relation to this Agreement shall be resolved
                                         in the competent court for the Tel Aviv-Jaffa district, and each of the parties hereby
                                         submits irrevocably to the jurisdiction of such court.

 

		9.8.	This
                                         Agreement shall be binding upon and inure to the benefit of the Parties and their respective
                                         successors and permitted assigns. The Parties may not assign their rights and obligations
                                         under this Agreement without the prior written consent of the other Parties hereto.

 

		9.9.	No
                                         failure or delay on the part of any party to exercise any power, right, privilege or
                                         remedy under this Agreement shall operate as a waiver of such power, right, privilege
                                         or remedy; and no single or partial exercise of any such power, right, privilege or remedy
                                         shall preclude any other or further exercise thereof or of any other power, right, privilege
                                         or remedy.

 

		9.10.	This
                                         Agreement may not be amended, modified, altered or supplemented other than by means of
                                         a written instrument duly executed and delivered on behalf of all parties hereto.

 

IN
WITNESS WHEREOF, the parties hereto have set their signature as of the date first written above.

 

	OCEAN
    PARTNERS Y.O.D LTD. (in establishment)	 
	 	 	 
	By:	          	 
	 	Yaniv Aharon, CEO	 
	 	OCEAN shareholders	 
	 	 	 
	By:	       	 
	 	Yaniv Aharon,	 
	 	 	 
	And
    by:		 
	 	Mr. Dan Barkai-Ksiless	 
	 	 	 
	And
    by:	                	 
	 	Mr. Maayan Amsalem	 
	 	 	 
	And
    by:		 
	 	Mrs. Ester Brod	 
	 	 	 
	And
    by:	   	 
	 	Mrs. Ilans Aharon	 
	 	 	 
	And
    by:	 	 
	 	Mrs. Rony Rozner	 
	 	 	 
	And
    by:	 	 
	 	Mr. Gil Zomer	 
	 	 
	CREATIONS, INC.	 
	 	 	 
	By:	         	 
	 	Guy Nissensohn, President and CEO	 

 

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