Document:

Exhibit 10.1

      

       

      

    

    SERVICES AGREEMENT

     

    This Agreement is made as of July 26, 2022 (the "Effective Date"), by and between Artemis Therapeutics, Inc., a corporation organized under the laws of the State of
      Delaware, having an office at 8 East 16th Street, Suite 307, New York, NY 10003 ("Artemis") and MANUKA LTD, a limited liability company organized under the laws of the State of Israel, having an office at 3 Eliezer Vardinon St., Petach Tikva, Israel ("MANUKA" and together with Artemis: the "Company"), from the one hand,
      and between Mr. David Dana (I.D. Number 058468570), of  4
      Bekat Zohar St., Kfar Saba, Israel (the "Contractor"), from the other hand.

     

    WHEREAS the Company and the Contractor wish that the Contractor will provide the Company with certain services as detailed hereunder;
      and WHEREAS the parties hereto wish to regulate their relationship in accordance with the terms and conditions set forth herein; NOW, THEREFORE, the parties hereto hereby mutually agree as follows:

    
      	
              1.

            	
              The Contractor shall provide the Company with the services (the "Services") specified in Appendix A to this Agreement ("Appendix A").

            

    

    
      	
              2.

            	
              In consideration for the provision of the Services, and subject to the terms set forth in Appendix A, the Company shall pay
                the Contractor the amounts set out in Appendix A (the "Consideration"). If the Contractor is required to provide Services beyond the
                agreed upon term or scope specified in Appendix A, the parties shall agree, in writing and in advance, upon the payments which the Contractor shall be entitled to receive in consideration for such additional Services, and the Contractor
                shall not provide any Services beyond the scope specified in Appendix A prior to such written agreement. It is agreed that the Consideration shall be paid by MANUKA on behalf of MANUKA and Artemis.

            

    

    
      	
              3.

            	
              Each of the payments set forth in section 2 above shall be paid no later than 10 (ten) days after the end of any calendar month, with respect to previous month, against lawful tax invoice issued by the Contractor not later than the last day of such month. The Company shall
                make deductions from the Consideration and/or any other payment hereunder (if any) as required under any applicable law, unless the Contractor provides the Company with appropriate tax exemption documents.

            

    

    
      	
              4.

            	
              It is agreed that the Consideration shall be the sole compensation of the Contractor under this Agreement, and that the
                Contractor shall not be entitled to receive any further compensation, rights or consideration of any kind whatsoever in connection with the performance of his/her duties under this Agreement, including any rights in connection with
                Employer-Employee relationship. The Consideration payable hereunder is inclusive of any taxes and the Contractor shall be responsible to pay any tax or other payment payable in respect of the same.

            

    

    
      	
              5.

            	
              This Agreement shall be in effect during an undefined period commencing on the Effective Date (the "Term"). During the Term, either party shall be entitled to terminate this Agreement, for any reason (including without reason), by providing the other party
                with a prior written notice of at least 60 (sixty) days.

            

    

    
      	
              6.

            	
              Upon termination of this Agreement, the Contractor shall return to the Company all books, records, documents, tools,
                equipment, keys and any other articles belonging to the Company and such other work-related writings as the Company deems reasonable to receive back from the Contractor.

            

    

    
      	
              7.

            	
              In any event of termination of this Agreement, the Contractor shall cooperate with the Company and use his best efforts to
                assist with the integration into the Company’s organization of the person or persons who will assume the Contractor’s responsibilities and/or duties.

            

    

    
      	
              8.

            	
              It is agreed that the relationship between the parties hereto is that of independent contractors and that nothing contained in
                this Agreement shall be construed or implied to create a relationship of partnership, joint venture, agency, employment, franchise or any relationship other than that of independent contractors.

            

    

    
      	
              9.

            	
              The Contractor agrees and acknowledges that he/she shall perform the Services hereunder as an independent contractor and that
                no employer-employee relationship exists or will exist between the Company and between the Contractor.

            

    

    
      	
              10.

            	
              The Contractor declares that he/she has elected to provide the Services as independent contractor and not as an employee. The
                Contractor acknowledges and approves that if he/she would have been providing the Services as an employee of the Company, then the salary that he/she would have been entitled to receive from the Company was lower than the Consideration
                since the Consideration was calculated in order to include, in addition to the salary, all the social benefits, such as severance pay, contribution to pension fund, convalescence pay and any other employment related benefits, that the
                Contractor would have been entitled to receive if he/she would have been an employee of the Company.

            

       

      

      
        
          

      

      

    
      	
              11.

            	
              If, despite the parties' express representations and agreements hereunder, it shall, at any time, be determined by a court of
                competent jurisdiction or by any other governmental authority, that employer-employee relations exist between the Company and the Contractor, and as a result of such decision the Contractor shall become entitled to any rights and/or
                payments resulting from the existence of such relations, or the Company shall be required to bear any additional expenses or costs (including any taxes or obligatory payments to the tax authorities, the National Insurance authorities,
                etc.), then the Contractor shall indemnify the Company for any such loss, cost, payment, expense or damage caused to the Company as a result of such decision.

            

    

    
      	
              12.

            	
              Once the Company shall purchase a D&O insurance policy, the Contractor shall be insured under such insurance police as an
                officer of the Company.

            

    

    
      	
              13.

            	
              During the Term, the Contractor will not serve as a Chief Financial Officer of any company, venture or other entity which
                competes with any business activity of the Company.

            

    

    
      	
              14.

            	
              In view of the fact that the provision of the Services by the Contractor will bring the Contractor into close contact with
                many confidential affairs of the Company and its affiliates, including matters of a business nature, such as information about customers, costs, profits, markets, sales and any other information not readily available to the public, such as
                technical information related to the Company’s products and/or technology as well as plans for future developments (the "Confidential
                  Information"), the Contractor undertakes: (i) to keep secret the Confidential Information and not to disclose it to anyone outside of the Company, either during or after the Term; and (ii) to deliver promptly to the Company on the
                termination date of this Agreement, or at any time the Company may so request, all memoranda, notes, records, reports and other documents (and all copies thereof) relating to the Company's and its affiliates' businesses which the Contractor
                may then possess or have under his control.

            

    

    
      	
              15.

            	
              The Contractor agrees that all memoranda, books, notes, records (contained on any media whatsoever), charts, formula,
                specifications, lists, photocopies, photos, pictures and other documents and/or instruments made, compiled, received, held or used by the Contractor while providing the Services to the Company, concerning any phase of the Company’s
                business, products, services or trade secrets, shall be the Company’s sole property and shall be delivered by the Contractor to the Company upon termination of this Agreement or at any earlier or other time at the request of the Company,
                without the Contractor retaining any copies thereof. Without derogating from the generality of the foregoing, the Contractor undertakes to deliver to the Company all the materials to be produced and/or developed by the Contractor in the
                framework and/or in connection with the Services (the "Deliverables").

            

    

    
      	
              16.

            	
              The Services rendered hereunder are performed on a “work made for hire” basis for all intents and purposes, and all title
                and/or interests in and to the Intellectual Property Rights (as defined below) associated with and/or related to and/or resulting from the Deliverables and/or with any work-product of the Services and any derivative work therefrom, will
                belong and vest solely and exclusively in the Company, as of their creation. To the extent that the Deliverables (including the work-products of the Services) are construed not to constitute “works made for hire” and/or the sole property of
                the Company, the Contractor hereby assigns, transfers and conveys to the Company all right, title and interest, including Intellectual Property Rights (as defined below), in and to such Deliverables. The Contractor agrees to render to the
                Company and any other person designated by the Company, reasonable assistance, at the Company's expense, as is required to perfect the rights defined in this Section. The Contractor shall not be entitled, with respect to all of the above,
                to any monetary consideration or any other consideration except as explicitly set forth in this Agreement. Without limitation of the foregoing, the Contractor irrevocably confirms that the Consideration is in lieu of any rights for
                compensation that may arise in connection with the Deliverables under applicable law and waives any right to claim royalties or other consideration with respect to any Deliverable, including under any applicable patent laws.

            

    

    
      
        

        

      

    

    
      2

      
        

    

    
      
        
          
            The term "Intellectual Property
                Rights" means any intangible right, title and interest, including any rights relating to or arising under copyright, trademark, patent, trade secret, moral rights, right of publicity, authors’ rights, and all other proprietary rights
              as may exist now and/or hereafter come into existence and all renewals and extensions thereof, under any application law or jurisdiction, in each case whether registered or unregistered and including all applications and rights to apply for
              and be granted, renewals or extensions of, and rights to claim priority from, such rights and all similar or equivalent rights or forms of protection which subsist or will subsist now or in the future in any part of the world.

          

        

      

      	
              17.

            	
              It is agreed that all the provisions of this Agreement referring to confidentiality, intellectual property rights and
                non-compete shall apply also with respect to any affiliate and/or subsidiary and/or parent company of the Company and each such entity may enforce them against the Contractor.

            

    

    
      	
              18.

            	
              It is clarified and agreed that each provision of this Agreement that applies to the Company shall apply, jointly and
                severally, to each of MANUKA and Artemis.

            

    

    
      	
              19.

            	
              This Agreement shall be governed by and construed in accordance with the laws of the State of Israel, without giving effect to
                any choice or conflict of law provision or rule that would cause the application of the laws of any jurisdiction other than the State of Israel. The competent courts in Tel-Aviv-Jaffa, Israel shall have sole and exclusive jurisdiction
                regarding any dispute or claim arising hereunder.

            

    

    
      	
              20.

            	
              Notice as required hereunder shall be delivered by hand, e-mail, by courier service or by registered or certified mail, return
                receipt requested, postage prepaid. A notice shall be addressed to the other party at the address listed above, or to another address, which may subsequently be specified in writing by a party. A notice shall be effective one (1) day after
                being delivered by hand, courier service or by e-mail, and five (5) days after being sent by registered mail.

            

    

     

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

     

    	
            The Company

          	 	
            The Contractor

          
	
            By: Shimon Citron

          	 	
            Signature: /s/ David Dana

          
	
            Signature: /s/ Shimon Citron

          	 	 

     

    
      3

      
        

    

    Appendix A

    

    

    	
            Description of Services:

          	
            The Contractor shall serve as the Company's Chief Financial Officer.

             

            

            The Contractor shall provide the Company with the following Services on an ongoing basis:

             

            

            Multi-Currency, double entry accounting

             

            

            Reporting to government agencies

             

            

            Preparation of salaries

             

            

            Bank account management

             

            

            Preparation of accounting records for auditing

             

            

            Company’s current financial reporting

             

            

            Filing government reports

              

            

            Preparation of company’s reports to the SEC

             

            

          
	
            Consideration:

          	
            In consideration for the Services, the Company shall pay the Contractor a gross monthly fee of NIS10,000 (Ten Thousand New
              Israeli Shekels) plus VAT as per law.

             

            

            In the event that the scope of the Services shall increase, the parties shall discuss updating the Consideration. The parties
              acknowledge that the current scope of the Services includes one (1) working day per week as the Company's CFO and that if the Contractor shall be required to invest more time in such roll, then the parties shall discuss updating the fees in
              order to reflect such increase.

             

            

          
	
            Additional Terms:

          	
            Following the execution of this Agreement, Artemis shall adopt an option plan (the "ESOP") and file the plan for approval of the Israeli tax authorities. Following the lapse of 30 days from the filing of the plan for approval, Artemis shall grant the Contractor
              370,014 options to purchase common shares of Artemis, with US$0.01 par value each (the "Options"), which constitute, as of the date hereof,
              0.33% (Thirty Three Hundredths of percent) of Artemis' issued share capital on a fully diluted basis.

             

            

            The tax route of the Options shall be designated by the parties prior to the grant thereof.

             

            

            The Options shall be subject to the terms of the ESOP and an Option Agreement to be entered into between Artemis and the
              Contractor which shall include standard terms of equity plans.

             

            

            
              The Options shall vest over a period of thirty six (36) months, commencing on April 1, 2022 (the "Start Date"), in accordance with the following vesting schedule, provided that
                the Contractor shall continue rendering the Services to the Company at the end of each relevant part of the vesting period: (i) 33.33% (1/3) of the total number of
                  Options shall vest on the 1st anniversary of the Start Date (the "Cliff Date"); (ii) at the end of each 3-months' period following the Cliff Date, 8.33% (1/12) of the total number of Options
                  shall vest (if any fractional Option Share would be exercisable upon the end of any such 3-months' periods, such fraction shall be rounded up one-half or less, or otherwise rounded down, to the nearest whole number). Following the
                  termination of the engagement between the parties, all unvested Options shall ipso facto terminate and become null and void, and the Contractor may exercise each vested Option within 3 months as of such termination date.

               

            

            The vested Options shall be exercisable at a purchase price per share of US$0.0624, reflecting to Artemis, as of the date
              hereof, a valuation of US$7,000,000.

             

            

            The Contractor shall bear all the taxes relevant to the Contractor (if any) associated with the grant and/or exercise of the
              Options.

          

    

    

    4EXHIBIT 10.1

 

EXECUTION VERSION

 

WAIVER AGREEMENT

 

THIS WAIVER AGREEMENT
(this “Waiver”), dated as of July 22, 2022 (the “Effective Date”), is by and among Parrot Drones
S.A.S., Société par Actions Simplifiée organized under the laws of France (“Seller”), on the one
hand, and AgEagle Aerial Systems Inc., a Nevada corporation (“Parent”) and MicaSense, Inc. (as successor to AgEagle
Sensor Systems, Inc.), a Nevada corporation and wholly-owned subsidiary of Parent (“Buyer” and together with Parent,
“Buyer Group”), on the other hand. Parent, Buyer and Seller may be collectively referenced as “Parties”
and individually referenced as “Party.”

 

RECITALS:

 

WHEREAS, Seller, AgEagle
Sensor Systems, Inc., and Parent entered into a Stock Purchase Agreement, dated as of January 26, 2021, with Justin B. McAllister as an
additional party thereto (as amended, the “Purchase Agreement”).

 

WHEREAS, pursuant
to Section 2.07(d) of the Purchase Agreement and subject to the terms and conditions therein, Buyer Group shall pay to Seller its Pro
Rata Portion of 50% of the Holdback Amount on March 31, 2023, in cash of immediately available funds in accordance with the payment instructions
contained in the Final Closing Date Payment Schedule or as otherwise instructed by Seller no less than three (3) Business Days prior to
each such payment date (the “Remaining Holdback Amount Payment”).

 

WHEREAS, pursuant
to Section 9.09 of the Purchase Agreement, no waiver by any party thereto of any provisions thereof shall be effective unless explicitly
set forth in writing and signed by the party so waiving.

 

WHEREAS, Seller has
agreed to waive Buyer Group’s obligation to pay to Seller a portion of the Remaining Holdback Amount Payment as set forth
in the Purchase Agreement, subject to the terms and conditions set forth herein.

 

NOW, THEREFORE, for
and in consideration of the foregoing and the mutual covenants and agreements contained in this Waiver, and for other good and valuable
consideration, the receipt and sufficiency of which is hereby acknowledged, subject to the terms and conditions of this Waiver, the Parties
agree as follows:

 

AGREEMENTS:

 

		A.	Capitalized terms used and not defined herein shall have the respective meanings
ascribed to them in the Purchase Agreement.

 

		B.	The Parties acknowledge and agree that as of the Effective Date, the Remaining Holdback Amount Payment
outstanding and payable by Buyer Group to Seller pursuant to the Purchase Agreement is $2,351,202.

 

		C.	Upon Seller’s receipt from Buyer Group of the Final Purchase Price Payment (defined below) in
                                                                                                            accordance with this paragraph C, Seller hereby waives Buyer Group’s obligation to pay 50% of the Remaining Holdback Amount
                                                                                                            Payment (the “Waived Remaining Holdback Amount”). In
                                                                                                            consideration of such waiver, Buyer Group hereby agrees to pay to Seller no later than July 29, 2022,
50% of the Remaining Holdback Amount Payment (i.e., $1,175,601) (the “Final Purchase Price Payment”) in cash of immediately
available funds in accordance with the payment instructions contained in the Final Closing Date Payment Schedule or as otherwise instructed
by Seller prior to the Effective Date. The Parties acknowledge and agree that effective upon Seller’s receipt of the Final Purchase
Price Payment subject to and in accordance with the terms set forth above, Buyer Group’s obligations
to pay to Seller its Pro Rata Portion of the Holdback Amount under the Purchase Agreement shall be satisfied in full and Buyer Group shall
be released from any further liability with respect to payment of the Waived Remaining Holdback
Amount.

 

     

     

    

  

		D.	All payments made under this Waiver
shall be treated by the Parties as an adjustment to the Purchase Price for Tax purposes, unless
otherwise required by Law.

 

		E.	Each of the terms and provisions of this Waiver
is deemed incorporated by this reference into the Purchase Agreement. When a conflict exists between this Waiver
and the Purchase Agreement, this Waiver will control. Unless expressly waived, amended or
modified by this Waiver, all other provisions in the Purchase Agreement shall remain in full
force and effect without waiver, amendment or modification. This Waiver
shall be effective only in this specific instance and for the specific purpose for which it is given, and the waivers and consent
set forth herein shall not entitle Buyer Group to any other or further waiver or consent in any similar or other circumstances. The waiver
and consent set forth above shall be limited precisely as written and shall not be deemed to (i) be a waiver or modification of any other
term or condition of the Purchase Agreement or any other transaction document contemplated thereby, or (ii) prejudice any right or remedy
that Seller may now have or may have in the future (except to the extent such right or remedy is based upon the waiver set forth herein)
under or in connection with the Purchase Agreement or the other transaction documents contemplated thereby.

 

		F.	This Waiver shall be governed by and construed in accordance
with the internal laws of the State of New York without giving effect to any choice or conflict
of law provision or rule (whether of the State of New York or any other jurisdiction).

 

		G.	This Waiver may be executed in several
counterparts, and all so executed shall constitute one and the same agreement, binding on all of the Parties. The Parties agree that this
Waiver may be transmitted between them via PDF, e-mail
or DocuSign (or similar electronic means) and that signatures transmitted as such shall be original signatures and the agreement containing
such signatures (original or otherwise) of all the Parties is binding upon the Parties.

 

[signature page follows]

 

     

     

    

 

IN WITNESS WHEREOF, the Parties hereto have executed this Waiver as of
the Effective

 

Date.

  

	PARROT DRONES S.A.S.	 
	 	 	 
	By:		 
	Name:	Henri Seydoux	 
	Title:	President	 

 

	AGEAGLE AERIAL SYSTEMS INC.	 
	 	 	 
	By:	 	 
	Name:	Barrett Mooney	 
	Title:	Chief Executive Officer	 

  

	MICASENSE, INC.	 
	 	 	 
	By:	 	 
	Name:	Barrett Mooney	 
	Title:	Chief Executive Officer	 

 

[Signature Page to Waiver Agreement]

 

     

     

    

 

IN WITNESS WHEREOF, the Parties hereto have executed this Waiver as of
the Effective

 

Date.

 

	PARROT DRONES S.A.S.	 
	 	 	 
	By:	 	 
	Name:	Henri Seydoux	 
	Title:	President	 

 

	AGEAGLE AERIAL SYSTEMS INC.	 
	 	 	 
	By:	 	 
	Name:	Barrett Mooney	 
	Title:	Chief Executive Officer	 

 

	MICASENSE, INC.	 
	 	 	 
	By:	 	 
	Name:	Barrett Mooney	 
	Title:	Chief Executive Officer	 

 

[Signature Page to Waiver Agreement]

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