Document:

Exhibit 10.10

 

 

November 30, 2017

 

Yoav Efron

46 Karen Way

Summit, NJ 07901

 

Dear Yoav,

 

It is a pleasure to welcome you to Actelis Networks
(the "Company"). We have attached a copy of our Mission and Values Statement for your review. This is our company constitution
and the guidelines by which we expect our teammates to live and follow. We want you to understand what values we hold in high regard in
advance of accepting our offer. We invite you to share this corporate culture with us.

 

This letter is to confirm our offer of employment
for the position CFO, reporting to Tuvia Barlev, Actelis' CEO. In this position, you will be expected to devote your full business time,
attention and energies to the performance of your duties with the Company. We would like the effective date of your employment to be December
5, 2017.

 

The terms of this offer are as follows:

 

1. Compensation.

 

1.1 Base Monthly salary: $74,000
base annualized in accordance with the Company's standard payroll policies. Your salary will begin as of the effective date of employment.
The first and last payment by the Company to you will be adjusted, if necessary, to reflect a commencement of termination date other than
the first and last working day of any period.

 

Your compenstion will include an allowance of
$570/ month he can elect to use for medical benefits or draw as cash

 

1.2 You will have the right
to participate in management MBO plan for 2018 and beyond, per the plan to be defined by the company.

 

2. Benefits. During
the term of your employment, you will be entitled to 50% of the Company's standard vacation and benefits covering employees, as may be
in effect from time to time. Benefits coverage begins the first day of the month following employment.

 

3. Proprietary Information
Agreement As a condition of accepting this offer of employment, you will be required to complete, sign and return to the Company
the confidential information agreement attached hereto, along with a signed copy of this offer letter.

 

4. At Will Employment.
Your acceptance of this offer represents the sole agreement between you and Actelis Networks Inc., no prior promises, representations,
or understandings relative to any terms or conditions of your employment are to be considered as part of this agreement unless expressed
in writing in this letter. Actelis Networks is an "at-will" employer which means that this employment relationship may be termination
at any time, with or without good causes or for any or no cause, at the option either of the Company or employee, with or without a notice.

 

5. Travel. Periodic
travel is a requirement of this position based on business needs.

 

6. General.
This offer letter, the Employee Proprietary Information Agreement, when signed by you set forth the terms of
your employment with the Company. This agreement can only be amended in writing signed and dated by you and by an Officer of the Company.
Any waiver of a right under this agreement must be in wiring. California Law will govern this agreement. As required by immigration law,
this offer of employment is subject to satisfactory proof of your right to work in the United States.

 

We are delighted that you are joining Actelis
Networks. Please verify your acceptance of our offer by signing and dating the enclosed copy of this letter in the space provided below
and send a scanned copy of the letter and the signed Confidential Information, Invention Assignment and Arbitration Agreement (all pages)
to Lea Crisp, Human Resources, at lcrisp@actelis.com / carmel@actelis.com.

 

Please follow by mailing us the hard copies. All
terms of this agreement are subject to approval of the Company's Board of Directors.

 

We look forward to great success and enjoyable
teamwork.

 

Sincerely,

 

	Tuvia Barlev	 	 	 
	CEO	 	 	 
	 	 	 	 
	ACCEPTED:	 	 	 
	 	 	 	 
	 /s/ Yoav Efron	 	Date:	 
	Yoav EfronExhibit 10.12

 

ACTELIS NETWORKS, INC.

 

CONSULTING AGREEMENT

 

THIS CONSULTING AGREEMENT (this “Agreement”)
is made and entered into on February , 2015 (the “Effective Date”), by and between Actelis Networks, Inc. , a company
incorporated under the laws of the State of Delaware (the “Company”), and Barlev Enterprises, Inc. , a company incorporated
under the laws of California(“Consultant”).

 

WITNESSETH:

 

		WHEREAS,	the Company and Consultant wish that Consultant will provide the Company with certain services as an independent
consultant; and

 

		WHEREAS,	Consultant is ready, qualified, willing and able to carry out his obligations and undertakings towards
the Company pursuant hereto; and

 

		WHEREAS,	the parties hereto wish to regulate their relationship in accordance with the terms and conditions set
forth herein;

 

NOW, THEREFORE, the parties do hereby mutually
agree as follows:

 

		1.	The Consulting Services

 

		1.1	Consultant shall provide the Company with the consulting services set forth in Exhibit A attached
hereto, as may be amended and/or updated from time to time by a mutual agreement of the parties (the “Consulting Services”).

 

		1.2	Consultant shall report to the Board of Directors of the Company, or to any party designated by the Company
with respect to all matters relating to the Consulting Services.

 

		1.3	The Consulting Services shall be performed on a partial time basis, in a scope as determined by the Board
of Directors of the Company, as well as any other additional scope reasonably required by the Company.

 

		1.4	The Consultant shall exclusively perform the Consulting Services and shall not assign, subcontract or
delegate the performance of the Consulting Services or any part thereof to any other person or entity, unless specifically approved by
the Board of Directors of the Company in advance.

 

		2.	Representations and Warranties. Consultant represents and warrants that (i) he has the requisite
knowledge, skills and experience for providing the Consulting Services (ii) he is authorized to enter into this Agreement according to
its terms, (ii) the execution and delivery of this Agreement will not constitute a default under or conflict with any agreement or other
instrument to which the Consultant is a party including without limitation, any confidentiality or non-competition agreement, or to which
the Consultant is bound and do not require the consent of any person or entity, and (iii) he will not unlawfully use, during the performance
of the Consulting Services, any confidential or proprietary information of any third party whatsoever. Consultant undertakes to perform
his duties and obligations under this Agreement with professionalism. Consultant shall advise the Company in the event that he becomes
aware of a new restriction with respect Consultant’s involvement in the provision of the Consulting Services, including, without
limitation, a conflict with any agreement or other instrument to which the Consultant shall become a party, any confidentiality or non-competition
agreements, or any other possible conflict of interest that may arise. In such event the Company shall have the right to terminate this
Agreement immediately.

 

    

     

    

 

		3.	Compensation. As consideration for the fulfillment of Consultant’s tasks and obligations
under this Agreement for the full Term, the Company shall pay Consultant a monthly retainer of $2,083 (the “Compensation”).
Consultant is aware that the Compensation constitutes the Company’s sole obligation towards Consultant in consideration for the
Consulting Services and that he shall not be entitled to any other remuneration or other payment whatsoever. On the basis of his status
as an independent contractor, Consultant will file and be liable for his own tax reports including all income, social security, capital
gain and other taxes, whether federal, state, municipal or other, due and owing on the consideration received by him under this Agreement.

 

		4.	Status of Parties

 

		4.1	Consultant is an independent contractor and is elected to provide the Consulting Services to the Company
as an independent contractor. Nothing in this Agreement shall be interpreted or construed as creating or establishing any partnership,
joint venture, employment relationship, franchise or agency or any other similar relationship between the Company and Consultant.

 

		4.2	The parties hereby deny and waive any demand, claim and/or allegation that an employment relationship
of any kind has resulted from this Agreement or from the rendering of the Consulting Services.

 

		4.3	The Consultant hereby agrees to indemnify Company and hold it harmless against any and all claims, actions,
suits, deficiencies, judgments, settlements, damages, expenses, losses, costs, liabilities, and/or other expenses, including without limitation,
reasonable legal expenses (collectively, “Losses”) resulting from, or arising out of, or in connection with an initiative
of the Consultant or anyone acting on his behalf that the Consulting Services provided herein should be part of his salary as an employee
of the Company.

 

		5.	Term and Termination of the Agreement

 

		5.1	This Agreement shall commence and enter into effect on the Effective Date and shall continue to be in
full force and effect unless otherwise terminated as set forth in this Section 5 (the “Term”).

 

		5.2	Each party may terminate this Agreement, with or without cause, at any time upon six (6) months advance
written notice to the other party (the “Notice Period” and the “Termination Notice”, respectively).

 

    - 2 -

     

    

 

		5.3	During the Notice Period, and only if the Company so requires and the Consultant agrees, Consultant shall
continue to provide the Consulting Services and shall continue to receive the monthly Compensation determined under this Agreement for
such Notice Period. In the event that the Company elects that the Consultant shall not provide Consulting Services during the Notice Period
and the termination shall take place with an immediate effect, then the Company shall pay the Consultant the monthly Compensation for
the Notice Period.

 

		5.4	Notwithstanding anything to the contrary, in the event of Cause (as defined below and subject to any applicable
law), the Company shall be entitled to terminate this Agreement immediately without being subject to the Notice Period and this Agreement
and the relationship shall be deemed effectively terminated as of the time of delivery of such notice. The term “Cause” shall
mean (i) an act of personal dishonesty taken by you in connection with your responsibilities as an employee and intended to result in
your personal enrichment, (ii) a willful act by you that constitutes gross misconduct and which is materially injurious to the Company,
(iii) performance of any material act of theft, embezzlement, fraud or malfeasance in connection with the performance of the duties to
the Company; (iv) willful failure to perform your duties hereunder to the Company or repeated failure to follow the lawful directives
of the Board (other than as a result of death or a physical or mental incapacity); (v) indictment for, conviction of, or pleading of guilty
or nolo contendere to, a felony or any crime involving moral turpitude (vi) repeated material breach of any of the provisions or covenants
of this Agreement, uncured (if curable) after thirty (30) days’ notice The foregoing definition shall not be deemed to be inclusive
of all the acts or omissions which the Company (or its affiliated companies) may consider as grounds for the dismissal or discharge of
Consultant.

 

		5.5	Notwithstanding anything to the contrary, in the event of Good Reason (as defined below and subject to
any applicable law), the Consultant shall be entitled to terminate this Agreement immediately without being subject to the Notice Period
and this Agreement and the relationship shall be deemed effectively terminated as of the time of delivery of such notice. For purposes
of this agreement, “Good Reason” shall mean Consultant’s termination within 30 days following the expiration of any
Company cure period (discussed below) following the occurrence of any of the following without Consultant’s express consent: (i)
a material reduction of duties, authority or responsibilities, relative to duties, authority or responsibilities as in effect immediately
prior to such reduction, or assignment of materially reduced duties, authority or responsibilities or (ii) a material reduction by the
Company in compensation in effect immediately prior to such reduction or (iii) if the Board resolves that the Consultant is required to
make a material geographic relocation of Consultant’s home and family location from Consultant’s then present home and family
location and the Consultant does not agree to such relocation).

 

    - 3 -

     

    

 

		5.6	Without derogating from the Company’s rights pursuant to any applicable law, in the event that Consultant
terminates this Agreement with immediate effect or upon shorter notice than the Notice Period, the Company shall have the right to offset
any payments to which Consultant shall be otherwise entitled for his Consulting Services hereunder during the Notice Period, or any part
thereof, as the case may be, from any other payments payable to Consultant.

 

		5.7	Sections 2,5, 6.1 and 7 will survive any termination or expiration of this Agreement.

 

		6.	General

 

		6.1	The provisions of the Non-Disclosure, IP Assignment and Non Compete Agreement (the “NDA”)
executed by the Consultant and the Company, attached hereto as Schedule A, is hereby incorporated by reference.

 

		6.2	This Agreement shall be binding upon and inure to the benefit of the parties and their respective legal
representatives, successors and permitted assigns. Neither party hereto shall assign any of its rights and obligations hereunder without
the prior written consent of the other party. The Company, however, may assign this Agreement to its parent, subsidiary or affiliate,
or to a purchaser of all or part of the Company’s assets or shares.

 

		6.3	Either party’s failure at any time to require strict compliance by the other party of the provisions
of this Agreement shall not diminish such party’s right thereafter to demand strict compliance therewith or with any other provision.
Waiver of any particular default shall not waive any other default.

 

		6.4	In the event that any provision of this Agreement shall be deemed unlawful or otherwise unenforceable,
such provision shall be severed from this Agreement and the balance of the Agreement shall continue in full force and effect.

 

		6.5	This Agreement, together with its Exhibits, contains and sets forth the entire agreement and understanding
between the parties with respect to the subject matter contained herein, and it supersedes all prior discussions, agreements, representations
and understandings in this regard. This Agreement shall not be modified except by a written instrument signed by both parties.

 

		6.6	The captions contained herein are for the convenience of the parties only and shall not affect the construction
or interpretation of any provision hereof.

 

		6.7	All notices, requests, reports, consents and other communications hereunder shall be in writing, and shall
be delivered either (i) by hand, (ii) by e-mail or facsimile transmission, with a written acknowledgement of the recipient, (iii) by courier,
or (iv) by registered mail, return receipt requested. Until changed by a written notice given by either party to the other party, the
addresses of the parties shall be as set forth above.

 

		6.8	This Agreement shall be governed by the laws of the Commonwealth of Massachusetts. Any controversy or
claim arising out of, or relating to, this Agreement or the breach hereof, shall be brought before the competent court in Suffolk County
in the Commonwealth of Massachusetts.

 

[Signature Page to Follow]

 

    - 4 -

     

    

 

IN WITNESS WHEREOF, the duly authorized representative
of the Company and Consultant have executed this Agreement as of the date stated below.

 

	THE COMPANY	 	THE CONSULTANT
	ACTELIS NETWORK, INC.	 	BARLEV ENTERPRISE INC.

 

	By:	/s/ Tuvia Barlev	 	By:	/s/ Tuvia Barlev
	 	 	 	 	 
	Title:	 	 	Title:	 
	 	 	 	 	 
	Date:	 	 	Date:	 

 

    - 5 -

     

    

  

EXHIBIT A

 

The Consulting Services

 

Consulting Services shall be defined by the Company’s
management and Board from time to time as customary in the industry.

 

 

- 6 -

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00343-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00343-of-00352.parquet"}]]