Document:

Exhibit 10.2    

 

Agreement
for the Provision of Management Services

 

Made and
entered into as of 02/22/2021

  

	Between:	Yetsira
    Holdings Ltd., Private Company registered No. 515755643
	 	From
    7 Menachem Begin Street, Ramat Gan
	 	(Hereinafter:
    “the Company” or “Yetsira”)

 

On
the one hand;

 

	And:	The
    Manager Yaniv Aharon	ID
no. 037244365
	 	From
    2/c Geiger Street, Tel Aviv
	 	 (Hereinafter:
    “the Manager”)

 

On
the other hand;

 

	Whereas:	the
    Company serves as the holding company of an Investment House, including holding companies with permits or licensed by the
    Israel Securities Authority (hereinafter: “the Investment House”); and
	 	 
	Whereas:	the
    Company is interested that the Manager will provide to the Company and / or any of the companies of the Investment House management
    services as set forth in this Agreement (hereinafter: the “Services”), in return for and under the terms
    set forth in this Agreement; and
	 	 
	Whereas:	the
    Manager is interested in providing the services, as requested by the Company, according to the consideration and terms set
    forth in this Agreement; and
	 	 
	Whereas:	the
    Manager was offered to contractually enter into an Agreement with the Company as a salaried employee, however, the Manager,
    for various personal reasons (including financial and fiscal), chose to enter into an Agreement with the Company as an independent
    contractor, and the parties explicitly state that a fundamental condition for contracting them is that no employer-employee
    relationship exists, and that only a contractor-client relationship exists between the parties for all intents and purposes;
    and
	 	 
	Whereas:	the
    parties wish to set and regulate the terms of their contractual engagement, their obligations and rights in connection with
    the provision of the services through this Agreement;

 

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Therefore,
it is stated, Stipulated and agreed between the parties as follows:

 

1.
General, definitions

 

	1.1.	The
    introduction to this Agreement forms an integral part of this Agreement.
	 	 
	1.2.	The
    section headings in this Agreement are for convenience only and should not be construed as interpretive.
	 	 
	1.3.	In
    the event of a conflict between the provisions of this Agreement and the provisions of another Agreement in which the Manager
    and the Company entered into, the more specific provisions of the other Agreement shall prevail, where such provisions have
    been established, in relation to specific provisions set forth in this Agreement. However, with regards to general provisions,
    the provisions of this Agreement shall prevail.

 

2.
The nature of the Agreement

 

	2.1.
    	Yetsira
    wishes the Manager to provide the Company and any of the companies of the Investment House with services, and the Manager
    hereby undertakes to provide the services, as requested by the Company, and in this respect, of service providing, the Investment
    House and the Company are same.
	 	 
	2.2.
    	The
    Services will be provided by the Manager only in person and he will not delegate and / or transfer his obligations under this
    Agreement.
	 	 
	2.3.
    	As
    part of his services, the Manager will serve as the Company’s CEO
	 	 
	2.4.	In
    providing the services, the Manager will be subordinate to the Management Board of the Company to which he will provide services
    and to the General Manager of the parent Company, Creations, as applicable and according to the position he holds.

 

3.
Statements of the Manager

 

The
Manager hereby declares as follows:

 

	3.1.
    	That
    he possesses the knowledge, experience, skills and qualifications required for the provision of the services and for the performance
    of his obligations under the terms of this Agreement.
	 	 
	3.2.
    	That
    he is unaware of the existence of any circumstances that arise and / or may arise to a defect in reliability, as specified
    in the list of circumstances published on the Securities Authority’s website as of the date of signing this Agreement
    and / or from the provisions of section 27 (c) of the Investment Consulting Regulation Law, Investment Marketing and Investment
    Portfolios Management Law, 5755-1995 and / or the provisions of section 13A of the Joint Investments Trust Law, 5754-1994
    (the above circumstances, as updated on the website of the Securities Authority from time to time, shall be referred to below
    as “circumstances that arise to a defect in reliability”).

 

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	3.3.
    	That
    there is no prohibition, restriction or prevention whatsoever, by virtue of any law and / or Agreement, for the Manager, to
    enter into this Agreement and fulfill his obligations thereunder and that signing this Agreement and the provision of services
    and performance of his obligations under this Agreement will not constitute a breach of any other Agreement or obligation
    to which he is a party.
	 	 
	3.4.
    	That
    he has reviewed and is familiar with all regulations and legal provisions relating to the provision of Services under this
    Agreement and that he is knowledgeable and meets all the requirements and conditions involved in the provision of the Services,
    and will act in accordance with Company procedures as presented to him and as they will be effective from time to time.
	 	 
	3.5.
    	That
    he is registered as a self-employed person with Income Tax Authority and with the National Insurance Institute and that he
    is registered with VAT as a Licensed Dealer.
	 	 
	3.6.
    	That
    he is a holder of an Investment Portfolio Management License and that he will continue to be registered as such a licensee
    under companies of Yetsira Group.
	 	 
	3.7.
    	That
    he has been given an adequate opportunity to receive appropriate legal advice with respect to his signing of this Agreement
    and in particular with respect to section 7 below and its possible implications.

 

4.
Obligations of the Manager

 

The
Manager hereby undertakes as follows:

 

	4.1.	To
    do his utmost for the benefit of the Company and to devote to this end the best of his drive, vigor and efforts.
	 	 
	4.2.	In
    providing the services, to make use of his skills, proficiency, knowledge and experience for the benefit of the Company and
    its advancement.
	 	 
	4.3.
    	To
    fulfill its obligations and provide the services under this Agreement with integrity, dedication, complete loyalty, proficiency
    and skills required by and under this Agreement, in order to fulfill the Company’s interests and maximize its profits,
    and to refrain from any acts and/or omissions that may harm the Company and/or its associated companies and/or the Investment
    House, or contradict their direct and / or indirect interests, and to avoid any action and / or omission that may lead to
    a situation of conflict of interest in relation to his positions and occupations in the Company.

 

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	 	Without
    derogating from the generality of the foregoing, the Manager undertakes to act, in the provision of the Services, in accordance
    with the Company policy and working procedures, as determined from time to time and subject to the provisions of any law.
	 	 
	4.4.
    	To
    notify the Company’s Board of Directors in writing immediately and without delay, of any matter or issue in which he
    has a personal interest and / or may create a conflict of interest with the provision of the services subject to this Agreement,
    and to act in connection with the same matter as directed by the Company’s Board of Directors in order to resolve this
    matter as quickly as possible.
	 	 
	4.5.
    	To
    notify the Board of Directors immediately upon the existence of circumstances that constitute and / or may constitute circumstances
    that arise to a defect in reliability.

 

5.
The Services

 

	5.1.
    	The
    scope of services will change from time to time in accordance with the needs of the Company and in coordination with the Manager.
	 	 
	5.2.
    	Without
    derogating from what is stated below regarding the consideration, and despite the fact that the Agreement between the Manager
    and the Company is by way of Contractor - Client, it is clarified that the Company undertakes to include the Manager in the
    Company’s Professional Liability Insurance Policy and Directors and Officers (D&O)
    Liability Insurance.

 

6.
The Consideration

 

	6.1.
    	In
    return for the provision of the services, and as long as they are provided, and the fulfillment of all the obligations of
    the Manager in accordance with what is stated in this Agreement, the Company undertakes to pay the Manager a monthly consideration,
    as specified in Appendix A (hereinafter: “the Consideration”).
	 	 
	6.2.
    	In
    addition, the Manager will be entitled to additional remuneration and bonuses in respect of the activities of the Company
    or the Investment House, as specified in Appendix A, insofar as he is entitled in accordance with the appendix.
	 	 
	6.3.
    	The
    Manager will be entitled to reimbursement of reasonable business expenses as part of the provision of services, such as: parking
    expenses, accommodation and hospitality expenses, travel expenses, board and lodging,
    per diem outside of Israel, mobile phone, etc., all as determined by the Company’s Board of Directors from time
    to time and subject to these determinations.. Where such expenses have been approved, as stated, the Company will pay the
    Manager the reimbursement of expenses against receipts presented by him, the Company will provide the Manager with a credit
    card for his use in order to make the payments for which he is entitled to reimbursement of expenses, in accordance with rules
    determined by the Board.

 

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	6.4.
    	The
    consideration will be paid to the Manager by the Company up to 15 per calendar month, against presentation of a tax invoice
    and / or lawful receipts by the Manager. Also on this date, reimbursement of expenses, as stated in this agreement, will be
    paid for invoices and / or receipts submitted by the Manager to the Company until the last day of the past calendar month,
    to the extent that such expenses are permitted in accordance with the provisions of the Agreement. The Manager will attach
    a monthly expense statement to the invoices / receipts.

 

7.
Absence of employee-employer relationship

 

	7.1.
    	It
    is agreed that a contractor-client relationship will prevail between the Company and the Manager, and any right that the Company
    has to supervise and / or visit and / or give instructions is only a means of ensuring the performance of the Manager’s
    obligations under this Agreement, and does not create an employee-employer relationship between the Company and the Manager.
	 	 
	7.2.
    	The
    Manager is aware that a prerequisite and fundamental condition for the parties to enter into this Agreement is the statements
    and obligations according to which the parties do not wish to establish and do not establish an employee-employer relationship
    between the Manager and the Company or Investment House. In this regard, the Manager declares that he is aware that the Company
    would not have agreed to enter into an Agreement with the Manager in this Agreement, and pay the Manager the consideration
    specified in this Agreement, if it believed that there would be an employee-employer relationship between the Company or the
    Investment House and the Manager.
	 	 
	7.3.
    	In
    light of the aforesaid, the consideration paid to him from the date of commencement of the contract between him and the Company
    includes all payments due to him (in terms of cost to the Company), and the Manager does not have and shall not have any employee
    rights in the Company or Investment House in any way and form, and the Manager shall not be entitled to payment and / or compensation
    and / or benefit from the Company or an Investment House in connection with the performance of its obligations under this
    Agreement and / or any provision given thereunder and / or any instruction given in accordance with it and / or in connection
    with the termination of this Agreement for any reason, and all unless otherwise stipulated in this Agreement. It should also
    be clarified that if the Manager had been an employee of the Company, he would have been paid a significantly reduced consideration
    and at a rate of 70% of the consideration paid as stipulated in this Agreement, with the addition of legal provisions.

 

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	7.4.	The
    Manager will arrange for himself pension insurance that will not be less than the minimum pension insurance requirements required
    for all employees in the economy (at the time of signing this Agreement in accordance with the Comprehensive Pension Insurance
    Expansion Order) this, for the full consideration paid to him.
	 	 
	7.5.	It
    is hereby clarified and agreed upon by the parties that, if notwithstanding the foregoing, it is determined by any competent
    authority (including a court, tribunal, tax authority, etc.) that an employee-employer relationship existed between the Company
    or Investment House and the Manager; the following cumulative provisions shall apply:
	 	 	 
	 	7.5.1.
    	Instead
    of the consideration paid to the Manager under this Agreement, there will be a reduced consideration which will be 70% (of
    the consideration paid to the Manager), plus social rights in accordance with the minimum required by law, for the period
    of this Agreement (hereinafter: “the reduced consideration”).
	 	 	 
	 	7.5.2.
    	The
    Manager shall be deemed (in accordance with the matter in question) to be entitled only to the retroactively reduced consideration
    from the date of commencement of the Agreement between the parties, and to the extent the Company is required to pay additional
    consideration for payments made to the Manager, the Manager shall indemnify the Company for such payments.

 

	7.6.
    	The
    Manager declares that his entering into this Agreement as an independent contractor was made at his request and in accordance
    with his wish and requirement, and after the Company offered him to work within it as a salaried employee, an offer rejected
    by him.
	 	 
	7.7.
    	The
    Manager also declares that he knows and understands the differences between the status of an independent contractor and the
    status of an employee and the difference between the compensation paid to him in accordance with this Agreement and the salary
    he would have been paid if he had been hired by the Company as a salaried employee.
	 	 
	 	In
    addition and without derogating from the above, the Manager shall be solely responsible, including towards the Company, for
    making all payments to the authorities including the various tax authorities, the National Insurance Institute etc. relating
    to the provision of the services by him. These payments will be made at the Manager’s expense out of the consideration
    paid to him by the Company.

 

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8.
The term of the Agreement and its expiration

 

	8.1.
    	This
    Agreement is in effect from 01/07/20 (hereinafter: “the determining date”) until the date of its termination
    in accordance with the terms of this Agreement below. Insofar as the Manager was bound by the Company in a previous Agreement,
    this Agreement replaces the previous Agreement and comes in its place, as of the date of its signing.
	 	 
	8.2.
    	The
    Manager hereby agrees and undertakes to provide the Company with the Services in accordance with this Agreement, and the Company
    undertakes to employ the Manager, for a minimum period of 30 months (hereinafter: the “Minimum Period”)
    from the determining date, in the scope and conditions set forth in this Agreement. At the end of the period, the Agreement
    will be automatically renewed for another 12 months unless the Agreement is canceled as specified in section 8.4.
	 	 
	8.3.
    	Either
    party may terminate this Agreement with 3 months written notice, to the other party subject to section 8.2.
	 	 
	8.4.
    	It
    is agreed that the Company shall be entitled to terminate this Agreement immediately and at any time, even before the end
    of the Minimum Period and for the avoidance of doubt, even without the need for prior notice as stipulated in section 8.3
    above, at its sole discretion and without prior notice and / or payment of any Consideration, in accordance of this Agreement,
    to the Manager, and this without prejudice to any other right and / or remedy given to the Company by law or Agreement, in
    any of the cases listed below:

 

	 	8.4.1.
    	Termination
    of the Agreement due to its breach by the Manager - which has not been amended within 14 days from the date of receipt of
    the Company’s written notice.
	 	 	 
	 	8.4.2.
    	Causing
    damage by negligence, indifference or malice to an Investment House.
	 	 	 
	 	8.4.3.
    	The
    Manager will be convicted of a criminal offense or an administrative violation for violation of any of the provisions of the
    Securities Law, 5758-1968, Investment Consulting Regulation Law, Investment Marketing and Investment Portfolio Management
    Law, 5755-1955, Joint Investments in Trust Law, 5754-1994 and / or the Prohibition of Money Laundering Law, 5769-2000. 
	 	 	 
	 	8.4.4.
    	Lack
    of medical capacity or death (GF) of the Manager.
	 	 	 
	 	 	For
    the purposes of this Agreement “lack of medical capacity” means: the incapacity of the Manager due to injury or
    illness, including mental illness, which prevents him from providing the services under this Agreement for more than 120 days,
    continuously or discontinuously, within a period of 6 (six months).
	 	 	 
	 	 	Provided
    that in the circumstances set forth in this Section 8.4.4 only, termination of the Agreement shall not prejudice any Consideration
    due to the Manager in respect of the period prior to the occurrence of the event set forth in this Section.

 

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	8.5.
    	Upon
    termination of the Agreement no compensation shall be paid to the Manager in respect of the termination of the Agreement,
    except for the payments under section 6 above, to the extent that the Manager shall be entitled to them under the terms of
    section 8.
	 	 
	8.6.
    	Upon
    termination of the Agreement for any reason, the Manager will return to the Company any document, equipment, etc. belonging
    to the Company, and will terminate the provision of services in an orderly and appropriate manner and if the Company requests
    it, will perform an orderly transfer of role and duties to its successor.

 

9.
Confidentiality

 

	9.1.
    	The
    Manager declares that he is aware that the knowledge and information provided to him and / or will be provided to him and
    / or that came to his knowledge and / or was prepared by him during and / or due to his employment with the Company and especially
    the information regarding the Company’s and / or Investment House’s business, suppliers, customers, employees,
    etc. and contracts with all of these, financial data about the companies and / or their customers and information about business
    and financial policy, technical or professional knowledge, commercial and economic knowledge, whatever their primary source,
    are the sole and exclusive property of the Company, are highly confidential and of great value for the Company and / or the
    Investment House, constitute professional and commercial secrets of the Company and / or the Investment House, and disclosures
    will cause damages and losses to the Company and / or the Investment House (hereinafter: “Confidential Information”).
	 	 
	9.2.
    	In
    accordance with the foregoing,, the Manager undertakes to maintain the Confidential Information in complete confidentiality
    and not to make any such use of the Confidential Information, in whole or in part, for the purposes of the Company and / or
    the Investment House and in accordance with the Company’s instructions and not to disclose and / or transmit, in any
    way and at any time the Confidential Information or any part therein, to any third party, except solely in accordance with
    the Company’s instructions, guidelines and approval, during its normal course of business, and not allow disclosures
    by others, either directly or indirectly, except as part of his employment with the Company and / or Investment House. Both
    during the period of his employment with the Company and after the termination, for whatever reason, of his employment with
    the Company, except for information that there is an obligation to disclose by law and information that has become public
    domain. Also, without prejudice to the generality of the foregoing, the Manager undertakes not to make any use of the Confidential
    Information (including any information constituting “inside information”), which may be used for any financial
    purpose, but incidentally and for the purpose of fulfilling the provision of services, to the extent necessary for this purpose.
    .

 

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	9.3.
    	The
    Manager shall also maintain confidentiality with respect to the terms of this Agreement and shall not disclose them to any
    third party without the Company’s consent. The foregoing shall not apply with respect to information required by a competent
    authority.
	 	 
	9.4.
    	The
    obligation under the above sections will apply indefinitely.
	 	 
	9.5.
    	The
    foregoing shall not apply in relation to information held by the Manager prior to the commencement of the contract with the
    Company, or to information obtained by the Manager from third parties or to information that is public information.

 

10.
Non-Compete

 

	10.1.
    	The
    Manager’s Non - Compete obligation set forth below will apply to the Manager during the term of this Agreement, and
    for a period of 6 months thereafter (the “Non-Compete Period”).
	 	 
	10.2.
    	During
    the Non-Compete Period, the Manager undertakes that he will not engage in or act in any way, directly or indirectly, by himself
    or through others, including by partnership or holding himself or through others in shares or rights in corporations, as a
    Manager, consultant, agent, broker or in any other manner not expressly recorded in this section, in an activity that is in
    the field of the declared or known activity of the Company and / or of the Investment House, unless expressly agreed otherwise
    in writing with the Company.
	 	 
	 	The
    “Area of Activity” in respect of this section “Area of Activity” shall be considered, in Israel:
    trust fund management including foreign fund Managers, portfolio management, investment management, nostro management, investment
    marketing / consulting, fund management even if they are not trust funds (such as hedge funds), underwriting, distribution,
    brokerage, insurance, pension management, pension consulting / marketing, and all whether it is performing operations, providing
    advice or accompaniment, all directly or indirectly.

 

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	10.3.
    	The
    parties agree that:
	 	 
	10.3.1.
    	In
    the event that the Company notifies the Manager of the termination of the contract, in accordance with section 8.3 (termination
    without reason), then until the date of termination of the contract the Company will pay the Manager the funds and bonuses
    due to him in accordance with Appendix A. while for the duration of Non-Compete the Company will continue to pay the Manager
    the monthly Consideration due to him in accordance with Appendix A only (that is, without the bonuses).
    It is clarified that the Manager’s waiver of the funds due to him (as far as applicable), will not release the Manager
    from his full obligations to Non-Compete under this Agreement.
	 	 
	10.3.2.
    	In
    the event that the Manager notifies the Company of termination of the contract, in accordance with Section 8.3 (termination
    without reason), then until the date of the termination of the contract, the Company will pay the Manager the funds and bonuses
    due to him in accordance with Appendix A, while for the duration of Non-Compete the Company will continue to pay the Manager
    75% of the monthly Consideration due to him in accordance with Appendix A only (that is, without the bonuses).
    Nevertheless, the Company reserves the right not to pay the Manager the said amounts, against the release of his obligations
    to Non-Compete under this Agreement.

 

11.
Non-solicitation

 

Without
derogating from the generality of the aforesaid, the Manager undertakes that during the period of the engagement under this Agreement,
and for 12 months thereafter:

 

	11.1.
    	Not
    to contact and / or offer and / or cause and / or solicit the Company’s customers and / or the Investment House, their
    employees, suppliers or other service providers, not to contact the Company and / or the Investment House and / or to terminate
    or reduce their relationship with the Company And / or the Investment House and / or to make changes at the detriment of the
    Company and / or the Investment House in the terms of the Agreement between them and the Company and / or the Investment House.
	 	 
	11.2.
    	Refrain
    from employing the Company’s employees and / or the Investment House (or whoever was an employee of the Company and
    / or the Investment House when the said Manager ceased to be a Manager in the Company and / or the Investment House or six
    months before) and refrain from any business communications with the Company’s suppliers and customers and/or the Investment
    House (or whoever was a supplier or client of the Company and/or Investment House when the Manager ceased to provide services
    to the Company and/or the Investment House or six months before),and all directly and / or indirectly, by himself or through
    others, including by partnership or holding by himself or through others in shares or rights in corporations, as a Manager,
    consultant, agent or in any other way.

 

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12.
Intellectual Property

 

	12.1.
    	The
    Manager declares and undertakes that all intellectual property rights created by him, whether written, printed or machine-readable
    and on any media alone or in collaboration with others, during the period of this Agreement, in the area of activity (hereinafter:
    “intellectual property rights”), are the exclusive property of the Company and / or the Investment House
    and there will be no right and / or claim of the Manager in connection with the Company’s rights in the Intellectual
    Property Rights.
	 	 
	12.2.
    	All
    documents transferred to the Manager and / or disclosed to him for the purpose and in the framework of the provision of the
    services under this Agreement or that will be created according to which, shall remain in the exclusive ownership of the Company
    and / or Investment House, as applicable. 
	 	 
	12.3.
    	Upon
    termination of this Agreement for any reason, the Manager undertakes in accordance with the Company’s request, to return
    to the Company any work, materials, and / or items prepared or in the process of preparation for the Company and / or the
    Investment House as well as any written and / or descriptive material, including but notwithstanding the generality of the
    aforesaid, drawings, plans, descriptions and / or any papers, documents, films and tapes and / or any other media that contain
    any information about the Company and / or the Investment House and that are in the possession and / or supervision and /
    or control of the Manager. In the event of the loss of any item containing such information, the Manager undertakes to notify
    the Company in writing, immediately of both at the occurrence of the incident and at the time of the Company’s request
    as aforesaid.
	 	 
	12.4.
    	The
    Parties expressly declare and agree that the provisions of this Section 12 shall apply throughout the term of this Agreement
    and thereafter.

 

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13.
Miscellaneous

 

	13.1.
    	Without
    derogating from the generality of the Manager’s obligations to the Company and / or the Investment House as stated in
    this Agreement, and for the avoidance of doubt, the provisions of this Agreement do not detract from obligations applicable
    to the Manager towards the Company and / or the Investment House by other Agreements.
	 	 
	13.2.
    	The
    parties may not assign their rights under this Agreement without the prior written consent of the other party.
	 	 
	13.3.
    	The
    terms of this Agreement fully reflect all that is agreed and conditioned between the parties with respect to the issues regulated
    therein and the parties shall not be bound by any assurances, promises, declarations, representations and oral or written
    commitments not included in this Agreement in relation to matters regulated therein and it replaces and cancels any representation,
    Agreement, negotiation, practice, memorandum of understanding, proposal, letter of intent or undertaking, drafts and wordings,
    which prevailed, were signed or exchanged (whether in writing or orally) in the said matters, between the parties, prior to
    the signing of this Agreement.
	 	 
	13.4.
    	Any
    addition and / or modification, amendment to this Agreement as well as any waiver, agreement, arrangement or grant of extension
    shall be valid only if made in writing and signed by the parties in accordance with and subject to the provisions of any law.
	 	 
	13.5.
    	No
    conduct of either party shall be construed as a waiver of any of its rights under this Agreement and / or under any law, or
    a waiver or consent on its part to any breach or non-fulfillment of any condition, unless the waiver, consent, rejection,
    change or revocation has been made explicitly and in writing, Signed by that party in accordance with and subject to the provisions
    of any law.
	 	 
	13.6.
    	If
    a party to this Agreement waives to the other for breach or non-compliance with one or more of the terms of this Agreement,
    this will not be deemed a justification or excuse for further breach or non-fulfillment of any terms of this Agreement and
    a party’s refusal to exercise any right under this Agreement and / or Under any law it will not be construed as a waiver
    of that right.
	 	 
	13.7.
    	Any
    payment to be paid under the provisions of this Agreement shall be paid after the party subject to the obligation to pay has
    been presented with a certificate of withholding tax or exemption from withholding tax, if and to the extent required by the
    provisions of any law, and in the absence of such exemption - net of any tax under the law.

 

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	13.8.
    	The
    exclusive local and substantive jurisdiction to hear any matter concerning the parties’ relationship and / or this Agreement
    shall be vested in the competent court in Tel Aviv, and there only. 
	 	 
	13.9.
    	The
    addresses of the parties for the purposes of this Agreement are as set forth in the Introduction to this Agreement. Any written
    notice will be deemed to have been received by the consignee within 3 (three) business days from the date of delivery at the
    post office (unless proven otherwise) - if sent by registered mail at the above addresses and on the date of actual delivery
    in person - if delivered by the consignee. 
	 	 
	13.10.
    	In
    the event that any provision of this Agreement is held to be invalid, unlawful or unenforceable, and subject to this provision
    not to nullify the primary purpose of this Agreement, it shall not invalidate the other provisions of this Agreement and /
    or affect the validity, legality or enforceability of the other provisions of this Agreement.

 

IN
WITNESS WHEREOF the parties have signed:

 

	 	/s/
    Guy Nissensohn	 	/s/
    Yaniv Aharon	 
	 	 	 	 	 
	 	Yetsira
    Holdings Ltd.	 	The
    Manager	 

 

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Appendix
A - The Consideration

 

1.
The monthly Consideration

 

	1.1	The Manager will be entitled to a monthly Consideration
as specified below, in accordance with the scope of the assets managed by the Investment House from time to time, plus VAT (hereinafter:
“the Gradation of the Consideration”):

 

	Gradation
        of the volume of managed

        assets

        (in
        NIS million)
	 	The
        monthly Consideration

        

        (in
        NIS, before VAT)

        

	0-1,000	 	20,000
	1,001-2,000	 	30,000
	2,001-3,000	 	45,000
	3,001-4,000	 	65,000
	4,001+	 	85,000

 

 

	1.2	With
regard to the gradation of the Consideration, the following definitions shall apply:
	 	 
	 	“Volume
of Assets under Management” - the total assets managed and / or actually advised in the Company and / or in the Investment
House for clients, for which the Company and / or the Investment House are paid Consideration, including management fees and /
or addition rate, including assets managed in active client accounts in a management Company Portfolios (including trust fund
assets managed by such a portfolio Manager), assets managed by trust funds in a mutual trust fund management Company, and assets
managed in hedge funds, all except cross-holdings that are neutralized in such a quorum, for example - assets managed in a trust
fund and assets held in an account In the aforementioned mutual trust fund, all in accordance with the Company’s records
in the following order of priority (where one system does not allow data production): Danel, Dohifat, Snapir, for the value of
assets managed by the Company and companies in the Investment House on the last business day of the month prior to the month of
payment of the Consideration.

 

    	Page 14 of 16

     

    

 

	1.3	For
the avoidance of doubt, a place where a monthly Consideration has been set alongside any gradation of assets, it refers to the
Consideration that the Manager is entitled to for that gradation and all the gradation below it, rather than accumulating gradations
and being added on top of each other. 
	 	 
	1.4
    	The
    monthly Consideration will be paid to the Manager at times as set forth in Section 6.4 of the Agreement.

 

2.
Annual compensation from the profits

 

	2.1.
    	In
    addition to the monthly Consideration, the Manager will be entitled to an annual bonus, starting in 2022, for the year 2021,
    onwards, in accordance with the Investment House’s EBITDA, according to the Investment House’s financial statements,
    all as detailed below.
	 	 
	 	“EBITDA”
means profit before interest, taxes, depreciation and amortization according to the Company’s financial statements, provided
that this value is positive.
	 	 
	 	“Financial
statements” - the audited financial statements signed by the Company, in a particular year, in respect of the previous
year.

 

	2.2.
    	The
    annual bonus will be calculated as detailed below:
	 	 
	 	2.5%
    of the EBITDA value in respect of EBITDA in the range of NIS 2M to NIS 6M.
	 	2.0%
    EBITDA for EBITDA of over NIS 6M.
	 	1.0%
    of the EBITDA for EBITDA of over NIS 10M.
	 	Provided
    that the annual bonus does not exceed, in any case, NIS 500,000 in any year.
	 	For
    the avoidance of doubt, the bonus will be paid on the gradation, that is, the bonus due to the Manager for such a gradation
    is for the relevant gradation and as far as the second gradation is concerned, the calculation is for the excess amount above
    the previous gradation ceiling.
	 	The
    annual bonus will be paid within 30 days from the date of approval of the financial statements by the Company’s Board
    of Directors.

 

    	Page 15 of 16

     

    

 

	3.
    	Stock-based
    incentive
	 	 
	3.1.
    	The
    Manager will be entitled to receive a share-based incentive (shares and / or stock options) immediately upon the formulation
    and approval of an incentive plan for officers and employees of the Company by the board of Directors..
	 	 
	4.
    	Compensation
	 	 
	4.1.
    	The
    Manager will be entitled to compensation as specified below in the event of termination of employment at the initiative of
    the Company.
	 	 
	4.2.
    	in
    the event of the sale of the Company and / or the controlling shareholder and / or the activity of the Company in Israel and/or
    spin-off of the activity will be considered as termination of the transaction initiated by the Company and as the functionary
    decided within 30 days from the date of the employment to waive his continued employment. A case of a change of control
    through the purchase of shares on the stock exchange will not be considered a change of control.
	 	 
	4.3.
    	In
    respect of compliance with section 6.1 or 6.2 the Manager shall receive compensation as specified below
	 	 
	4.3.1.
    	A
    grant of 2.0 months’ salary for each year of work.
	 	 
	4.3.2.
    	Maturing
    all the options granted to the Manager and turning them exercisable.

 

5.
General

 

	5.1.
    	All
    the payments mentioned above will be paid by the Company and / or the Investment House, plus VAT and against a lawful tax
    invoice.
	 	 
	5.2.
    	The
    Company’s books will form the basis for calculating the funds due to the Manager, and they will constitute prima facie
    evidence of their correctness.

 

    	Page 16 of 16Exhibit 10.3

 

Ocean
Yetsira (Creations) Investment Banking – corporate compensation policy 

 

	1.	Creations
    Investment Banking (‘CIB’) activities will be based on an insourcing / outsourcing mechanism: individuals that
    work within the Creations group and its subsidiaries would be able to participate in various Added Value activities and receive
    separate individual compensation for it. Administrator of the CIB will be Guy Nissensohn or anyone else appointed by Creations
    board of directors. 

 

	2.	Types
    of activities will include inter alia: 

 

	 	a.	Capital
    introduction (debt / equity) 
	 	b.	Mergers
    and acquisition advisory
	 	c.	Valuations
    / research
	 	d.	Consultancy
    (i.e. turnarounds) 

 

	3.	Compensation
    will be defined as any remuneration from the customer minus expenses incurred by CIB (including other Investment Bankers or
    finders if needed), minus 20% for CIB (compliance, legal, tax, review, regulatory, white label brand) Types of Compensation
    will include:

 

	 	a.	Cash
    retainer 
	 	b.	Success
    based cash compensation 
	 	c.	Equity
    compensation / options 
	 	d.	Other
    ordinary / non-ordinary 

 

	4.	Added
    Value Participants (AVP) activities (one person could be multiple AVPs):

 

	 	a.	Origination
    of customer – the AVP who made the introduction to the customer
	 	b.	Prospect
    into client – the AVP who signed up the customer
	 	c.	Junior
    banker work – decided by the leader of project if he/she needs more back office/other work
	 	d.	Sourcing
    (introduction only) of the counter party (i.e. investors/M&A targets)
	 	e.	Main
    execution work/leader

 

    	 

     

    

 

	5.	Compensation
    – deals could be complicated and separate compensation agreement could be reached between the AVPs. The final compensation
    plan should be finalized and agreed between the Leader and Administrator prior to the commence of any work. Compensation for
    AVP that work within the Creations group (either employee or through a consultancy agreement, whether all or part of the time
    during the project) are subject to an additional 20% fee from their compensation. This is to induce Creations to allow personnel
    to utilize work hours, office space, etc. As a rule of thumb, in the absent of any other arrangement the AVPs compensation
    will be as follows (subject to the 20% additional fee for employees/contractors of Creations group):

 

	 	a.	Origination
    of customer – 10% of all types of compensation for the duration of the customer lifetime (multiple projects in perpetuity)
    unless AVP is not employed by Creations – in that case the duration will be limited to 10 years. 
	 	b.	Prospect
    into client – 15% - for the specific project only
	 	c.	Junior
    banker work – negotiable – usually 5% to 15% dependent on workload
	 	d.	Sourcing
    – 5% 
	 	e.	Main
    execution work / leader – remainder of compensation after reducing the other AVPs above and the 20% to CIB as per item
    3 above. 
	 	f.	Numerical
    example: Success based project that invoiced and collected $100,000 with no expenses to reimburse. Leader and Originator work
    in Creations. Junior banker negotiated 5%, sourcing person at 5%:

 

	 	i.	CIB
    - $20,000, 
	 	ii.	Originator
    - $8,000 ($2,000 to CIB), 
	 	iii.	Prospect
    to Client $15,000, 
	 	iv.	Junior
    banker - $5,000
	 	v.	Sourcing
    - $5,000
	 	vi.	Leader
    - $36,000 ($9,000 to CIB)
	 	 	 
	 	Total CIB: $31,000, AVPs: $69,000, Grand Total: $100,000

 

	6.	Process:

 

	 	a.	Administrator
    of CIB will open a file for any prospect client and project (in his/her sole discretion). 
	 	b.	Any
    AVP wishing to be a Junior banker or leader will need the Administrator approval
	 	c.	External
    AVPs will be recruited by the Administrator as needed and sign a contract with CIB to reflect the regulation
	 	d.	Project
    team will be established including the all AVPs involved
	 	e.	Compensation
    will be paid to the AVPs monthly and only on realized income. AVPs working/consulting/subcontracting in Creations or its subsidiaries
    will receive it with their paycheck/invoice. External AVPs will send a quarterly invoice.
	 	f.	Compensation
    in the form of options/shares/other equity/non-ordinary will either be distributed directly to the AVP or first realized (i.e.
    sold) and then distributed at the Administrator sole discretion. 
	 	g.	The
    Administrator could be an AVP in any capacity (single or multiple). 

 

Administrator
of CIB: _________________________

 

Agreed
to by:

 

Signature:
______________________

 

Name:
_________________________

 

Date:___________________________

 

    	 

     

    

 

	 	 	Investment banking concept	 
	 	 	Monthly retainer	 	 	Success based	 
	Types of Investment banking services:	 	 		 	 	 		 
	Capital introduction (debt / equity)	 	$	0.00	 	 	$	230,000.00	 
	Mergers and acquistion advisory	 	$	0.00	 	 	$	0.00	 
	Valuations / research	 	$	0.00	 	 	$	0.00	 
	Consultancy (i.e. turnaround)	 	$	0.00	 	 	$	0.00	 

 

	Added value	 	Split	 	 	Employee (Yes/No)	 	Final Split	 	 	Retainer	 	 	Success based	 
	Origination of customer	 	 	10.00	%	 	Yes	 	 	8.00	%	 	$	0.00	 	 	$	18,400.00	 
	Prospect into client	 	 	15.00	%	 	Yes	 	 	12.00	%	 	$	0.00	 	 	$	27,600.00	 
	Junior banker work (typically 5-15 percent)	 	 	15.00	%	 	Yes	 	 	12.00	%	 	$	0.00	 	 	$	27,600.00	 
	Sourcing (intro only) the counter party	 	 	5.00	%	 	Yes	 	 	4.00	%	 	$	0.00	 	 	$	9,200.00	 
	Main Execution work	 	 	35.00	%	 	Yes	 	 	28.00	%	 	$	0.00	 	 	$	64,400.00	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Investment banking services	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Regulatory / legal / tax / compliance /  review	 	 	15.00	%	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Working under brand	 	 	5.00	%	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Total to Creations	 	 	 	 	 	 	 	 	36.00	%	 	$	0.00	 	 	$	82,800.00	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Employment at Investment house fee	 	 	20.00	%

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00322-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00322-of-00352.parquet"}]]