Document:

EX-10.3

 Exhibit 10.3 

AMENDMENT TO PURCHASE AGREEMENT 
 This
Amendment (“Amendment”) dated November 15, 2021 to the Exchangeable Notes Purchase Agreement (“Purchase Agreement”), dated October 28, 2021, is entered into by and among KORE Group Holdings, Inc., a
Delaware corporation (“Pubco”), KORE Wireless Group, Inc. (the “Company”) and the entities set forth on the signature pages hereto, (each a “Purchaser” and collectively, the
“Purchasers”). 
 WHEREAS, the Company and the Purchasers have entered into that certain Purchase Agreement, pursuant to which the
Purchasers agreed to purchase $24,915,000 aggregate principal amount of the Company’s 5.50% Senior Exchangeable Notes due 2028 (the “Notes”); and 

WHEREAS, the Company and the Purchasers desire to amend the Purchase Agreement to remove the obligation of the Company to register the Notes. 

NOW, THEREFORE, in consideration of the mutual conditions and agreements set forth in this Agreement, and other good and valuable consideration, the
receipt and sufficiency of which are hereby acknowledged, the parties hereto hereby agree as follows: 
  

	1.	 Amendments to Purchase Agreement. 

The Purchase Agreement is hereby amended by deleting the text of Section 4 (Registration of the Additional Exchangeable Notes;
Indemnification) in its entirety and by substituting in lieu thereof “[Reserved].” 
  

	2.	 Agreement Remains Effective. Except as modified herein or amended hereby, the terms and conditions
contained in the Purchase Agreement shall continue in full force and effect. 

  

	3.	 Governing Law. This Agreement and the rights and obligations of the parties hereunder shall be construed
in accordance with and governed by the laws of New York applicable to contracts wholly performed within the borders of such state, without giving effect to the conflict of law principles thereof. 

 

	4.	 Headings and Captions. The headings and captions of the various subdivisions of this Agreement are for
convenience of reference only and shall in no way modify or affect the meaning or construction of any of the terms or provisions hereof. 

  

	5.	 Counterparts. This Agreement may be executed in one or more counterparts, all of which when taken
together shall be considered one and the same agreement and shall become effective when counterparts have been signed by each party and delivered to the other party, it being understood that both parties need not sign the same counterpart. In the
event that any signature is delivered by facsimile transmission or any other form of electronic delivery, such signature shall create a valid and binding obligation of the party executing (or on whose behalf such signature is executed) with the same
force and effect as if such signature page were an original thereof. 

 IN WITNESS WHEREOF, the undersigned have caused this Agreement to be executed as of the date first
written above. 
  

			
	KORE GROUP HOLDINGS, INC.
		
	By:	 	 /s/ Romil Bahl

		 	Name:   Romil Bahl
		 	Title:     President and Chief Executive Officer
	
	KORE WIRELESS GROUP, INC.
		
	By:	 	 /s/ Romil Bahl

		 	Name:   Romil Bahl
		 	Title:     Chief Executive Officer
	
	DRAWBRIDGE SPECIAL OPPORTUNITIES FUND LP
	By: Drawbridge Special Opportunities GP LLC
		
	By:	 	 /s/ David N. Brooks

		 	Name:   David N. Brooks
		 	Title:     Secretary
	
	DBSO TRG FUND (A) L.P.
	By: DBSO TRG Fund (A) GP LLC, its general partner
		
	By:	 	 /s/ David N. Brooks

		 	Name:   David N. Brooks
		 	Title:     Secretary

 [Signature Page to Amendment No. 1 to the Purchase Agreement] 

 
			
	FORTRESS VINTAGE SECURITIES FUND L.P.
	By: Fortress Vintage Securities Fund GP LLC, its general partner
		
	By:	 	 /s/ David N. Brooks

		 	Name: David N. Brooks
		 	Title: Secretary
	
	DRAWBRIDGE SPECIAL OPPORTUNITIES FUND LTD.
	By: Drawbridge Special Opportunities Advisors LLC, its investment manager
		
	By:	 	 /s/ David N. Brooks

		 	Name: David N. Brooks
		 	Title: Secretary
	
	FORTRESS LENDING FUND II MA-CRPTF LP
	By: FLF II MA-CRPTF Advisors LLC, its investment manager
		
	By:	 	 /s/ David N. Brooks

		 	Name: David N. Brooks
		 	Title: Secretary
	
	FORTRESS LENDING FUND II HOLDINGS LP
	By: Fortress Lending Advisors II LLC, its investment manager
		
	By:	 	 /s/ David N. Brooks

		 	Name: David N. Brooks
		 	Title: Secretary

 [Signature Page to Amendment No. 1 to the Purchase Agreement]Exhibit 10.1

 

 

 

	REE
    Automotive Ltd.
	2021
    Share Incentive Plan
	 

 

 

Unless
otherwise defined, terms used herein shall have the meaning ascribed to them in Section 2 hereof.

 

		1.	PURPOSE;
                                            TYPES OF AWARDS; CONSTRUCTION.

 

1.1. Purpose.
The purpose of this 2021 Share Incentive Plan (as amended, this “Plan”) is to afford an incentive to Service Providers
(as defined below) of REE Automotive Ltd., an Israeli company (together with any successor corporation thereto, the “Company”),
or any Affiliate of the Company, which now exists or hereafter is organized or acquired by the Company or its Affiliates, to continue
as Service Providers, to increase their efforts on behalf of the Company or its Affiliates and to promote the success of the Company’s
business, by providing such Service Providers with opportunities to acquire a proprietary interest in the Company by the issuance of
Shares or restricted Shares (“Restricted Shares”) of the Company, and by the grant of options to purchase Shares (“Options”),
including, for the avoidance of doubt, Incentive Stock Options and Nonqualified Stock Options, Restricted Share Units (“RSUs”),
stock appreciation rights (“SARs”), other Cash-Based Awards, and other Share-Based Awards pursuant to Sections 11
through 13 of this Plan.

 

1.2. Types
of Awards. This Plan is intended to enable the Company to issue Awards under various tax regimes, including:

 

(i) pursuant
and subject to the provisions of Section 102 of the Ordinance (or the corresponding provision of any subsequently enacted statute, as
amended from time to time), and all regulations and interpretations adopted by any competent authority, including the Israel Tax Authority
(the “ITA”), including the Income Tax Rules (Tax Benefits in Stock Issuance to Employees) 5763-2003 or such other
rules so adopted from time to time (the “Rules”) (such Awards that are intended to be (as set forth in the Award Agreement)
and which qualify as such under Section 102 of the Ordinance and the Rules, “102 Awards”);

 

(ii) pursuant
to Section 3(9) of the Ordinance or the corresponding provision of any subsequently enacted statute, as amended from time to time (such
Awards, “3(9) Awards”);

 

(iii) Incentive
Stock Options within the meaning of Section 422 of the Code, or the corresponding provision of any subsequently enacted United States
federal tax statute, as amended from time to time, to be granted to Employees who are deemed to be residents of the United States, for
purposes of taxation, or are otherwise subject to U.S. Federal income tax (such Awards that are intended to be (as set forth in the Award
Agreement) and which qualify as an incentive stock option within the meaning of Section 422(b) of the Code, “Incentive Stock
Options”);

 

(iv) Options
not intended to be (as set forth in the Award Agreement) or which do not qualify as an Incentive Stock Option (“Nonqualified
Stock Options”);

 

(v)
SARs; and

 

(vi)
Restricted Shares, RSUs and other forms of Cash-Based and other Share-Based Awards.

 

     

     

    

 

In
addition to the issuance of Awards under the relevant tax regimes in the United States of America and the State of Israel, and without
derogating from the generality of Section 25, this Plan contemplates issuances to Grantees in other jurisdictions or under other tax
regimes with respect to which the Committee is empowered, but is not required, to make the requisite adjustments in this Plan and set
forth the relevant conditions in an appendix to this Plan or in the Company’s agreement with the Grantee in order to comply with
the requirements of such other tax regimes.

 

1.3. Construction.
To the extent any provision herein conflicts with the conditions of any relevant tax law, rule or regulation which are relied upon for
tax relief in respect of a particular Award to a Grantee, the Committee is empowered, but is not required, hereunder to determine that
the provisions of such law, rule or regulation shall prevail over those of this Plan and to interpret and enforce such prevailing provisions.
With respect to 102 Awards, if and to the extent any action or the exercise or application of any provision hereof or authority granted
hereby is conditioned or subject to obtaining a ruling or tax determination from the ITA, to the extent required by Applicable Law, then
the taking of any such action or the exercise or application of such section or authority with respect to 102 Awards shall be conditioned
upon obtaining such ruling or tax determination, and, if obtained, shall be subject to any condition set forth therein; it being clarified
that there is no obligation to apply for any such ruling or tax determination (which shall be in the sole discretion of the Committee)
and no assurance is made that if applied any such ruling or tax determination will be obtained (or the conditions thereof).

 

		2.	DEFINITIONS.

 

2.1. Terms
Generally. Except when otherwise indicated by the context, (i) the singular shall include the plural and the plural shall include
the singular; (ii) any pronoun shall include the corresponding masculine, feminine and neuter forms; (iii) any definition of or reference
to any agreement, instrument or other document herein shall be construed as referring to such agreement, instrument or other document
as from time to time amended, restated, supplemented or otherwise modified (subject to any restrictions on such amendments, restatements,
supplements or modifications set forth therein or herein), (iv) references to any law, constitution, statute, treaty, regulation,
rule or ordinance, including any section or other part thereof shall refer to it as amended from time to time and shall include any successor
thereof, (v) reference to a “company” or “entity” shall include a, partnership, corporation, limited liability
company, association, trust, unincorporated organization, or a government or agency or political subdivision thereof, and reference to
a “person” shall mean any of the foregoing or an individual, (vi) the words “herein”, “hereof” and
“hereunder”, and words of similar import, shall be construed to refer to this Plan in its entirety, and not to any particular
provision hereof, (vii) all references herein to Sections shall be construed to refer to Sections to this Plan; (viii) the words
“include”, “includes” and “including” shall be deemed to be followed by the phrase “without
limitation”; and (ix) use of the term “or” is not intended to be exclusive.

 

2.2. Defined
Terms. The following terms shall have the meanings ascribed to them in this Section 2:

 

“Affiliate”
shall mean, (i) with respect to any person, any other person that, directly or indirectly through one or more intermediaries, controls,
is controlled by, or is under common control with, such person (with the term “control” or “controlled by” within
the meaning of Rule 405 of Regulation C under the Securities Act), including, without limitation, any Parent or Subsidiary, or (ii) for
the purpose of 102 Awards, “Affiliate” shall only mean an “employing company” within the meaning and subject
to the conditions of Section 102(a) of the Ordinance.

 

“Applicable
Law” shall mean any applicable law, rule, regulation, statute, pronouncement, policy, interpretation, judgment, order or decree
of any federal, provincial, state or local governmental, regulatory or adjudicative authority or agency, of any jurisdiction, and the
rules and regulations of any stock exchange, over-the-counter market or trading system on which the Company’s shares are then traded
or listed.

 

    2 

     

    

 

“Award”
shall mean any Option, Restricted Share, RSUs, Shares, SARs, any other Cash-Based, or any other Share-Based award granted under this
Plan.

 

“Board”
shall mean the Board of Directors of the Company.

 

“Change
in Board Event” shall mean any time at which individuals who, as of the Effective Date, constitute the Board (the “Incumbent
Board”) cease for any reason to constitute at least a majority of the Board; provided, however, that any individual becoming
a director subsequent to the Effective Date whose election, or nomination for election by the Company’s shareholders, was approved
by a vote of at least a majority of the directors then comprising the Incumbent Board shall be considered as though such individual were
a member of the Incumbent Board, but excluding, for this purpose, any such individual whose initial assumption of office occurs as a
result of an actual or threatened election contest with respect to the election or removal of directors or other actual or threatened
solicitation of proxies or consents by or on behalf of a Person other than the Board.

 

“Code”
shall mean the United States Internal Revenue Code of 1986, and any applicable rules or regulations promulgated thereunder, all as amended.

 

“Committee”
shall mean a committee established or appointed by the Board to administer this Plan, subject to Section 3.1. To the extent required
to comply with the provisions of Rule 16b-3, it is intended that each member of the Committee will be, at the time the Committee takes
any action with respect to an Award that is subject to Rule 16b-3, a “non-employee director” within the meaning of Rule 16b-3;
however, a Committee member’s failure to qualify as a “non-employee director” within the meaning of Rule 16b-3 will
not invalidate any Award granted by the Committee that is otherwise validly granted under this Plan.

 

“Companies
Law” shall mean the Israel Companies Law, 5759-1999, and the regulations promulgated thereunder, all as amended from time to
time.

 

“Controlling
Shareholder” shall have the meaning set forth in Section 32(9) of the Ordinance.

 

“Disability”
shall mean (i) the inability of a Grantee to engage in any substantial gainful activity or to perform the major duties of the Grantee’s
position with the Company or its Affiliates by reason of any medically determinable physical or mental impairment which has lasted or
can be expected to last for a continuous period of not less than 12 months (or such other period as determined by the Committee), as
determined by a qualified doctor acceptable to the Company, (ii) if applicable, a “permanent and total disability” as defined
in Section 22(e)(3) of the Code or Section 409A(a)(2)(c)(i) of the Code, as amended from time to time, or (iii) as defined in a policy
of the Company that the Committee deems applicable to this Plan, or that makes reference to this Plan, for purposes of this definition.
Notwithstanding the foregoing, for Awards that are subject to Section 409A of the Code, Disability shall mean that a Grantee is disabled
under Section 409A(a)(2)(C)(i) or (ii) of the Code.

 

“Employee”
shall mean any person treated as an employee (including an officer or a director who is also treated as an employee) in the records of
the Company or any of its Affiliates (and in the case of 102 Awards, subject to Section 9.3 or in the case of Incentive Stock Options,
who is an employee for purposes of Section 422 of the Code); provided, however, that neither service as a director nor payment of a director’s
fee shall be sufficient to constitute employment for purposes of this Plan. The Company shall determine in good faith and in the exercise
of its discretion whether an individual has become or has ceased to be an Employee and the effective date of such individual’s
employment or termination of employment, as the case may be. For purposes of a person’s rights, if any, under this Plan as of the
time of the Company’s determination, all such determinations by the Company shall be final, binding and conclusive, notwithstanding
that the Company or any court of law or governmental agency subsequently makes a contrary determination.

 

    3 

     

    

 

“employment”,
“employed” and words of similar import shall be deemed to refer to the employment of Employees or to the services
of any other Service Provider, as the case may be.

 

“Exchange
Act” shall mean the U.S. Securities Exchange Act of 1934, as amended, and all regulations, guidance and other interpretative
authority issued thereunder.

 

“exercise”
“exercised” and words of similar import, when referring to an Award that does not require exercise or that is settled
upon vesting (such as may be the case with RSUs or Restricted Shares, if so determined in their terms), shall be deemed to refer to the
vesting of such an Award (regardless of whether or not the wording included reference to vesting of such an Awards explicitly).

 

“Exercise
Period” shall mean the period, commencing on the date of grant of an Award, during which an Award shall be exercisable, subject
to any vesting provisions thereof (including any acceleration thereof, if any) and subject to the termination provisions hereof.

 

“Exercise
Price” shall mean the exercise price for each Share covered by an Option or the purchase price for each Share covered by any
other Award.

 

“Fair
Market Value” shall mean, as of any date, the value of a Share or other securities, property or rights as determined by the
Board, in its discretion, subject to the following: (i) if, on such date, the Shares are listed on any securities exchange, the closing
sales price per Share on which the Shares are principally traded on such date, or if no sale occurred on such date, the last day preceding
such date on which a sale occurred, as reported in The Wall Street Journal or such other source as the Company deems reliable; (ii) if,
on such date, the Shares are then quoted in an over-the-counter market, the average of the closing bid and asked prices for the Shares
in that market on such date, or if there are no bid and asked prices on such date, the last day preceding such date on which there are
bid and asked prices, as reported in The Wall Street Journal or such other source as the Company deems reliable; or (iii) if, on such
date, the Shares are not then listed on a securities exchange or quoted in an over-the-counter market, or in case of any other securities,
property or rights, such value as the Committee, in its sole discretion, shall determine, with full authority to determine the method
for making such determination and which determination shall be conclusive and binding on all parties, and shall be made after such consultations
with outside legal, accounting and other experts as the Committee may deem advisable; provided, however, that, if applicable, the Fair
Market Value of the Shares shall be determined in a manner that is intended to satisfy the applicable requirements of and subject to
Section 409A of the Code, and with respect to Incentive Stock Options, in a manner that is intended to satisfy the applicable requirements
of and subject to Section 422 of the Code, subject to Section 422(c)(7) of the Code. The Committee shall maintain a written record of
its method of determining such value. If the Shares are listed or quoted on more than one established stock exchange or over-the-counter
market, the Committee shall determine the principal such exchange or market and utilize the price of the Shares on that exchange or market
(determined as per the method described in clauses (i) or (ii) above, as applicable) for the purpose of determining Fair Market Value.

 

“Grantee”
shall mean a person who has been granted an Award(s) under this Plan.

 

“Ordinance”
shall mean the Israeli Income Tax Ordinance (New Version) 1961, and the regulations and rules (including the Rules) promulgated thereunder,
all as amended from time to time.

 

“Parent”
shall mean any company (other than the Company), which now exists or is hereafter organized, (i) in an unbroken chain of companies ending
with the Company if, at the time of granting an Award, each of the companies (other than the Company) owns stock possessing fifty percent
(50%) or more of the total combined voting power of all classes of stock in one of the other companies in such chain, or (ii) if applicable
and for purposes of Incentive Stock Options, that is a “parent corporation” of the Company, as defined in Section 424(e)
of the Code.

 

“Retirement”
shall mean a Grantee’s retirement pursuant to Applicable Law or in accordance with the terms of any tax-qualified retirement plan
maintained by the Company or any of its Affiliates in which the Grantee participates or is subject to.

 

    4 

     

    

 

“Rule
16b-3” means Rule 16b-3 promulgated under the Exchange Act.

 

“Securities
Act” shall mean the U.S. Securities Act of 1933, and the rules and regulations promulgated thereunder, all as amended from
time to time.

 

“Service
Provider” shall mean an Employee, director, officer, consultant, advisor and any other person or entity who provides services
to the Company or any Parent, Subsidiary or Affiliate thereof. Service Providers shall include prospective Service Providers to whom
Awards are granted in connection with written offers of an employment or other service relationship with the Company or any Parent, Subsidiary
or any Affiliates thereof, provided, however, that such employment or service shall have actually commenced. Notwithstanding the foregoing,
unless otherwise determined by the Committee, each Service Provider shall be an “employee” as defined in the General Instructions
to Form S-8 Registration Statement under the Securities Act (or any successor form thereto) at the time the Award is granted to the Service
Provider.

 

“Shares”
shall mean Ordinary Shares, par value NIS 0.01 of the Company (as adjusted for stock split, reverse stock split, bonus shares, combination
or other recapitalization events), or shares of such other class of shares of the Company as shall be designated by the Board in respect
of the relevant Award(s). “Shares” include any securities, property or rights issued or distributed with respect thereto.

 

“Strike
Price” means (i) in the case of a SAR granted in tandem with an Option, the Exercise Price of the related Option, or (ii) in
the case of a SAR granted independent of an Option, the Fair Market Value on the date of grant. The strike price of any such SAR granted
to a Grantee who is subject to U.S. federal income tax shall be determined in compliance with Section 7.2.

 

“Subsidiary”
shall mean any company (other than the Company), which now exists or is hereafter organized or acquired by the Company, (i) in an unbroken
chain of companies beginning with the Company if, at the time of granting an Award, each of the companies other than the last company
in the unbroken chain owns stock possessing fifty percent (50%) or more of the total combined voting power of all classes of stock in
one of the other companies in such chain, or (ii) if applicable and for purposes of Incentive Stock Options, that is a “subsidiary
corporation” of the Company, as defined in Section 424(f) of the Code.

 

“tax(es)”
shall mean (a) all federal, state, local or foreign taxes, charges, fees, imposts, levies or other assessments, including all income,
capital gains, alternative or add-on minimum, transfer, value added tax, real and personal property, withholding, payroll, employment,
escheat, social security, disability, national security, health tax, wealth surtax, stamp, registration and estimated taxes, customs
duties, fees, assessments and charges of any similar kind whatsoever (including under Section 280G of the Code) or other tax of any kind
whatsoever, (b) all interest, indexation differentials, penalties, fines, additions to tax or additional amounts imposed by any taxing
authority in connection with any item described in clause (a), (c) any transferee or successor liability in respect of any items described
in clauses (a) or (b) payable by reason of contract, assumption, transferee liability, successor liability, operation of Applicable Law,
or as a result of any express or implied obligation to assume Taxes or to indemnify any other person, and (d) any liability for the payment
of any amounts of the type described in clause (a) or (b) payable as a result of being a member of an affiliated, consolidated, combined,
unitary or aggregate or other group for any taxable period, including under U.S. Treasury Regulations Section 1.1502-6(a) (or any predecessor
or successor thereof of any analogous or similar provision under Applicable Law) or otherwise.

 

“Ten
Percent Shareholder” shall mean a Grantee who, at the time an Award is granted to the Grantee, owns shares possessing more
than ten percent (10%) of the total combined voting power of all classes of shares of the Company or any Parent or Subsidiary, within
the meaning of Section 422(b)(6) of the Code.

 

    5 

     

    

 

“Trustee”
shall mean the trustee appointed by the Committee to hold the Awards (and, in relation with 102 Trustee Awards, approved by the ITA),
if so appointed.

 

2.3. Other
Defined Terms. The following terms shall have the meanings ascribed to them in the Sections set forth below:

 

	Term	 	Section
	102
    Awards	 	1.2(i)
	102
    Capital Gains Track Awards	 	9.1
	102
    Non-Trustee Awards	 	9.2
	102
    Ordinary Income Track Awards	 	9.1
	102
    Trustee Awards	 	9.1
	3(9)
    Awards	 	1.2(ii)
	Award
    Agreement	 	6
	Cause	 	6.6.4.4
	Company	 	1.1
	Effective
    Date	 	24.1
	Election	 	9.2
	Eligible
    102 Grantees	 	9.3.1
	Incentive
    Stock Options	 	1.2(iii)
	Information	 	17.4
	ITA	 	1.2(i)
	Merger/Sale	 	14.2
	Nonqualified
    Stock Options	 	1.2(iv)
	Plan	 	1.1
	Pool	 	5.1
	Prior
    Plan	 	5.2
	Recapitalization	 	15.1
	Required
    Holding Period	 	9.5
	Restricted
    Period	 	12.2
	Restricted
    Share Agreement	 	11
	Restricted
    Share Unit Agreement	 	12
	Restricted
    Shares	 	1.1
	RSUs	 	1.1
	Rules	 	1.2(i)
	Securities	 	18.1
	Successor
    Corporation	 	15.2.1
	SARs	 	1.1
	SAR
    Period	 	11.3
	Withholding
    Obligations	 	18.5

 

    6 

     

    

 

		3.	ADMINISTRATION.

 

3.1. To
the extent permitted under Applicable Law, the Articles of Association, as may be amended and supplemented from time to time, and any
other governing document of the Company in effect, this Plan shall be administered by the Committee. In the event that the Board does
not appoint or establish a committee to administer this Plan, this Plan shall be administered by the Board, and, accordingly, any and
all references herein to the Committee shall be construed as references to the Board. In the event that an action necessary for the administration
of this Plan is required under Applicable Law to be taken by the Board without the right of delegation, or if such action or power was
explicitly reserved by the Board in appointing, establishing and empowering the Committee, then such action shall be so taken by the
Board. In any such event, all references herein to the Committee shall be construed as references to the Board. Even if such a Committee
was appointed or established, the Board may take any actions that are stated to be vested in the Committee, and shall not be restricted
or limited from exercising all rights, powers and authorities under this Plan or Applicable Law.

 

3.2. The
Board shall appoint the members of the Committee, may from time to time remove members from, or add members to, the Committee, and shall
fill vacancies in the Committee, however caused, provided that the composition of the Committee shall at all times be in compliance with
any mandatory requirements of Applicable Law, the Articles of Association and any other governing document of the Company in effect.
The Committee may select one of its members as its Chairman and shall hold its meetings at such times and places as it shall determine.
The Committee may appoint a Secretary, who shall keep records of its meetings, and shall make such rules and regulations for the conduct
of its business as it shall deem advisable and subject to mandatory requirements of Applicable Law.

 

3.3. Subject
to the terms and conditions of this Plan, any mandatory provisions of Applicable Law and any provisions of any Company policy required
under mandatory provisions of Applicable Law, and in addition to the Committee’s powers contained elsewhere in this Plan, the Committee
shall have full authority, in its discretion, from time to time and at any time, to determine any of the following, or to recommend to
the Board any of the following if it is not authorized to take such action according to Applicable Law:

 

(i) eligible
Grantees,

 

(ii) grants
of Awards and setting the terms and provisions of Award Agreements (which need not be identical) and any other agreements or instruments
under which Awards are made, including the number of Shares underlying each Award and the class of Shares underlying each Award (if more
than one class was designated by the Board),

 

(iii) the
time or times at which Awards shall be granted,

 

    7 

     

    

 

(iv) the
terms, conditions and restrictions applicable to each Award (which need not be identical) and any Shares acquired upon the exercise or
(if applicable) vesting thereof, including (1) designating Awards under Section 1.2; (2) the vesting schedule, the acceleration thereof
and terms and conditions upon which Awards may be exercised or become vested, (3) the Exercise Price, (4) the method of payment for Shares
purchased upon the exercise or (if applicable) vesting of the Awards, (5) the method for satisfaction of any tax withholding obligation
arising in connection with the Awards or such Shares, including by the withholding or delivery of Shares, (6) the time of the expiration
of the Awards, (7) the effect of the Grantee’s termination of employment with the Company or any of its Affiliates, and (8) all
other terms, conditions and restrictions applicable to the Award or the Shares not inconsistent with the terms of this Plan,

 

(v) to
accelerate, continue, extend or defer the exercisability of any Award or the vesting thereof, including with respect to the period following
a Grantee’s termination of employment or other service,

 

(vi) the
interpretation of this Plan and any Award Agreement and the meaning, interpretation and applicability of terms referred to in Applicable
Law,

 

(vii) policies,
guidelines, rules and regulations relating to and for carrying out this Plan, and any amendment, supplement or rescission thereof, as
it may deem appropriate,

 

(viii) to
adopt supplements to, or alternative versions of, this Plan, including, without limitation, as it deems necessary or desirable to comply
with the laws of, or to accommodate the tax regime or custom of, foreign jurisdictions whose citizens or residents may be granted Awards,

 

(ix) the
Fair Market Value of the Shares or other securities, property or rights,

 

(x) the
tax track (capital gains, ordinary income track or any other track available under the Section 102 of the Ordinance) for the purpose
of 102 Awards,

 

(xi) the
authorization and approval of conversion, substitution, cancellation or suspension under and in accordance with this Plan of any or all
Awards or Shares,

 

(xii) the
amendment, modification, waiver or supplement of the terms of each outstanding Award (with the consent of the applicable Grantee, if
such amendments refers to the increase of the Exercise Price of Awards or reduction of the number of Shares underlying an Award (but,
in each case, other than as a result of an adjustment or exercise of rights in accordance with Section 15)) unless otherwise provided
under the terms of this Plan,

 

(xiii) without
limiting the generality of the foregoing, and subject to the provisions of Applicable Law, to grant to a Grantee, who is the holder of
an outstanding Award, in exchange for the cancellation of such Award, a new Award having an Exercise Price lower than that provided in
the Award so canceled and containing such other terms and conditions as the Committee may prescribe in accordance with the provisions
of this Plan or to set a new Exercise Price for the same Award lower than that previously provided in the Award,

 

(xiv) to
correct any defect, supply any omission or reconcile any inconsistency in this Plan or any Award Agreement and all other determinations
and take such other actions with respect to this Plan or any Award as it may deem advisable to the extent not inconsistent with the provisions
of this Plan or Applicable Law, and

 

(xv) any
other matter which is necessary or desirable for, or incidental to, the administration of this Plan and any Award thereunder.

 

    8 

     

    

 

3.4. The
authority granted hereunder includes the authority to modify Awards to eligible individuals who are foreign nationals or are individuals
who are employed outside Israel to recognize differences in local law, tax policy or custom, in order to effectuate the purposes of this
Plan but without amending this Plan.

 

3.5. The
Board and the Committee shall be free at all times to make such determinations and take such actions as they deem fit. The Board and
the Committee need not take the same action or determination with respect to all Awards, with respect to certain types of Awards, with
respect to all Service Providers or any certain type of Service Providers and actions and determinations may differ as among the Grantees,
and as between the Grantees and any other holders of securities of the Company.

 

3.6. All
decisions, determinations, and interpretations of the Committee, the Board and the Company under this Plan shall be final and binding
on all Grantees (whether before or after the issuance of Shares pursuant to Awards), unless otherwise determined by the Committee, the
Board or the Company, respectively. The Committee shall have the authority (but not the obligation) to determine the interpretation and
applicability of Applicable Law to any Grantee or any Awards. No member of the Committee or the Board shall be liable to any Grantee
for any action taken or determination made in good faith with respect to this Plan or any Award granted hereunder.

 

3.7. Any
officer or authorized signatory of the Company shall have the authority to act on behalf of the Company with respect to any matter, right,
obligation, determination or election which is the responsibility of or which is allocated to the Company herein, provided such person
has apparent authority with respect to such matter, right, obligation, determination or election. Such person or authorized signatory
shall not be liable to any Grantee for any action taken or determination made in good faith with respect to this Plan or any Award granted
hereunder.

 

		4.	ELIGIBILITY.

 

Awards
may be granted to Service Providers of the Company or any Affiliate thereof, taking into account, at the Committee’s discretion
and without an obligation to do so, the qualification under each tax regime pursuant to which such Awards are granted, subject to the
limitation on the granting of Incentive Stock Options set forth in Section 8.1. A person who has been granted an Award hereunder may
be granted additional Awards, if the Committee shall so determine, subject to the limitations herein. However, eligibility in accordance
with this Section 4 shall not entitle any person to be granted an Award, or, having been granted an Award, to be granted an additional
Award.

 

Awards
may differ in number of Shares covered thereby, the terms and conditions applying to them or on the Grantees or in any other respect
(including, that there should not be any expectation (and it is hereby disclaimed) that a certain treatment, interpretation or position
granted to one shall be applied to the other, regardless of whether or not the facts or circumstances are the same or similar).

 

		5.	SHARES.

 

5.1. The
maximum aggregate number of Shares that may be issued pursuant to Awards under this Plan (the “Pool”) shall
initially be the sum of (a) 23,142,623 Shares plus (and without the need to further amend this Plan) (b) on January 1st, 2022
and on January 1st of each calendar year thereafter during the term of this Plan, a number of Shares equal to the lesser of: (i) 5% of
the total number of Shares outstanding as of the end of the last day of the immediately preceding calendar year, and (ii) such smaller
amount of Shares as is determined by the Board, if so determined prior to the January 1st of the calendar year in which the increase
will occur (in each case, without the need to amend this Plan in case of such determination); in all events subject to adjustment as
provided in Section 15.1. Notwithstanding the foregoing, the total number of Shares that may be issued pursuant to Incentive Stock
Options granted under this Plan shall be 23,142,623, subject to adjustment as provided in Section 15.1. The Board may, at its discretion,
reduce the number of Shares that may be issued pursuant to Awards under this Plan, at any time (provided that such reduction does not
derogate from any issuance of Shares in respect of Awards then outstanding).

 

    9 

     

    

 

5.2. Any
Shares (a) underlying an Award granted hereunder or an award granted under the Company’s 2011 Key Employee Share Incentive Plan,
as amended (the “Prior Plan”) that has expired, or was cancelled, terminated, forfeited, or settled in cash in lieu
of issuance of Shares, for any reason, after the Effective Date; (b) if permitted by the Company, tendered to pay the Exercise Price
of an Award (or the exercise price or other purchase price of any option or other award under any Prior Plan), or withholding tax obligations
with respect to an Award (or any awards under any Prior Plan); or (c) if permitted by the Company, subject to an Award (or any award
under the Prior Plan) that are not delivered to a Grantee because such Shares are withheld to pay the Exercise Price of such Award (or
any award under the Prior Plan), or withholding tax obligations with respect to such Award (or such award); shall automatically, and
without any further action on the part of the Company or any Grantee, again be available for grant of Awards and for issuance upon exercise
or (if applicable) vesting thereof for the purposes of this Plan (unless this Plan shall have been terminated), unless the Board determines
otherwise. Such Shares may be, in whole or in part, authorized but unissued Shares, treasury shares (dormant shares) or otherwise Shares
that shall have been or may be repurchased by the Company (to the extent permitted pursuant to the Companies Law).

 

5.3. Any
Shares (a) underlying an Award granted hereunder that has expired, or was cancelled, terminated, forfeited or settled in cash in lieu
of issuance of Shares, for any reason, without having been exercised; (b) if permitted by the Company, tendered to pay the Exercise Price
of an Award, or withholding tax obligations with respect to an Award; or (c) if permitted by the Company, subject to an Award that are
not delivered to a Grantee because such Shares are withheld to pay the Exercise Price of such Award, or withholding tax obligations with
respect to such Award; shall automatically, and without any further action on the part of the Company or any Grantee, again be available
for grant of Awards and Shares issued upon exercise of (if applicable) vesting thereof for the purposes of this Plan (unless this Plan
shall have been terminated) or unless the Board determines otherwise. Such Shares may, in whole or in part, be authorized but unissued
Shares, treasury shares (dormant shares) or Shares otherwise that shall have been or may be repurchased by the Company (to the extent
permitted pursuant to the Companies Law).

 

5.4. Any
Shares under the Pool that are not subject to outstanding or exercised Awards at the termination of this Plan shall cease to be reserved
for the purpose of this Plan.

 

5.5. From
and after the Effective Date, no further grants or awards shall be made under any Prior Plan; however, Awards made under a Prior Plan
before the Effective Date shall continue in effect in accordance with their terms.

 

		6.	TERMS
                                            AND CONDITIONS OF AWARDS.

 

Each
Award granted pursuant to this Plan shall be evidenced by a written or electronic agreement between the Company and the Grantee or a
written or electronic notice delivered by the Company (the “Award Agreement”), in substantially such form or forms
and containing such terms and conditions, as the Committee shall from time to time approve. The Award Agreement shall comply with and
be subject to the following general terms and conditions and the provisions of this Plan (except for any provisions applying to Awards
under different tax regimes), unless otherwise specifically provided in such Award Agreement, or the terms referred to in other Sections
of this Plan applying to Awards under such applicable tax regimes, or terms prescribed by Applicable Law. Award Agreements need not be
in the same form and may differ in the terms and conditions included therein.

 

6.1. Number
of Shares. Each Award Agreement shall state the number of Shares covered by the Award.

 

    10 

     

    

 

6.2. Type
of Award. Each Award Agreement may state the type of Award granted thereunder, provided that the tax treatment of any Award, whether
or not stated in the Award Agreement, shall be as determined in accordance with Applicable Law.

 

6.3. Exercise
Price. Each Award Agreement shall state the Exercise Price, if applicable. Unless otherwise set forth in this Plan, an Exercise Price
of an Award of less than the par value of the Shares (if shares bear a par value) shall comply with Section 304 of the Companies Law.
Subject to Sections 3, 7.2 and 8.2 and to the foregoing, the Committee may reduce the Exercise Price of any outstanding Award, on terms
and subject to such conditions as it deems advisable. The Exercise Price shall also be subject to adjustment as provided in Section 15
hereof. The Exercise Price of any Award granted to a Grantee who is subject to U.S. federal income tax shall be determined in accordance
with Section 409A of the Code.

 

6.4. Manner
of Exercise. An Award may be exercised, as to any or all Shares as to which the Award has become exercisable, (a) by written notice
delivered in person or by mail (or such other methods of delivery prescribed by the Company) to the Chief Executive Officer of the Company
or to such other person as determined by the Committee, (b) by way of an exercise order submitted via the online service operated and
maintained by the Company or any of its service providers, or (c) or in any other manner as the Committee shall prescribe from time to
time, specifying the number of Shares with respect to which the Award is being exercised (which may be equal to or lower than the aggregate
number of Shares that have become exercisable at such time, subject to the last sentence of this Section), accompanied by payment of
the aggregate Exercise Price for such Shares in the manner specified in the following sentence. The Exercise Price shall be paid in full
with respect to each Share, at the time of exercise, either in (i) cash, (ii) if the Company’s shares are listed for trading on
any securities exchange or over-the-counter market, and if the Committee so determines, all or part of the Exercise Price and any withholding
taxes may be paid by the delivery (on a form prescribed by the Company) of an irrevocable direction to a securities broker approved by
the Company to sell Shares and to deliver all or part of the sales proceeds to the Company or the Trustee, (iii) if the Company’s
shares are listed for trading on any securities exchange or over-the-counter market, and if the Committee so determines, all or part
of the Exercise Price and any withholding taxes may be paid by the delivery (on a form prescribed by the Company) of an irrevocable direction
to pledge Shares to a securities broker or lender approved by the Company, as security for a loan, and to deliver all or part of the
loan proceeds to the Company or the Trustee, (iv) in lieu of payment of the exercise price, by one of the other payment methods set forth
in this Section 6.4, by cashless exercise such that the number of Shares issuable upon exercise shall be the result of a fraction: (A)
the numerator of which is (i) the number of Shares that would otherwise have been issued upon exercise of the Award by
the cash payment of the Exercise Price (or such lesser number of Shares as grantee may designate in the case of a partial exercise of
the Award), multiplied by (ii) the difference between (a) the Fair Market Value of one Share at the time
the cashless exercise hereunder is made, and (b) the Exercise Price of the Award, and (B) the denominator of which is the
Fair Market Value of one Share at the time the cashless exercise hereunder is made, or (v) in such other manner as the Committee shall
determine. The application of cashless exercise with respect to any 102 Awards shall be subject to obtaining a ruling from the ITA, to
the extent required by Applicable Law. As a condition to the issuance of Shares of the Company pursuant to Options, the Grantee agrees
to remit to the Company (through the procedure described in the above paragraph) at the time of any exercise of the Options any taxes
required to be withheld by the Company under federal, state, or local law as a result of the exercise of the Options.

 

6.5. Term
and Vesting of Awards.

 

6.5.1. Each
Award Agreement shall provide the vesting schedule for the Award as determined by the Committee. The Committee shall have the authority
to determine the vesting schedule and accelerate the vesting of any outstanding Award at such time and under such circumstances as it,
in its sole discretion, deems appropriate.

 

    11 

     

    

 

6.5.2. The
Award Agreement may contain performance goals and measurements (which, in case of 102 Trustee Awards, may, if then required, be subject
to obtaining a specific tax ruling or determination from the ITA), and the provisions with respect to any Award need not be the same
as the provisions with respect to any other Award. Such performance goals may include, but are not limited to, sales, earnings before
interest and taxes, return on investment, earnings per share, any combination of the foregoing or rate of growth of any of the foregoing,
as determined by the Committee. The Committee may adjust performance goals pursuant to Awards previously granted to take into account
changes in law and accounting and tax rules and to make such adjustments as the Committee deems necessary or appropriate to reflect the
inclusion or the exclusion of the impact of extraordinary or unusual items, events or circumstances.

 

6.5.3. The
Exercise Period of an Award will be ten (10) years from the date of grant of the Award, unless otherwise determined by the Committee
and stated in the Award Agreement, but subject to the vesting provisions described above and the early termination provisions set forth
in Sections 6.6 and 6.7 hereof. At the expiration of the Exercise Period, any Award, or any part thereof, that has not been exercised
within the term of the Award and the Shares covered thereby not paid for in accordance with this Plan and the Award Agreement shall terminate
and become null and void, and all interests and rights of the Grantee in and to the same shall expire.

 

6.6. Termination.

 

6.6.1. Unless
otherwise determined by the Committee, and subject to Section 6.7 hereof, an Award may not be exercised unless the Grantee is then a
Service Provider of the Company or an Affiliate thereof or, in the case of an Incentive Stock Option, an employee of a company or a parent
or subsidiary company of such company issuing or assuming the Option in a transaction to which Section 424(a) of the Code applies, and
unless the Grantee has remained continuously so employed since the date of grant of the Award and throughout the vesting dates.

 

6.6.2. In
the event that the employment or service of a Grantee shall terminate (other than by reason of death, Disability or Retirement),
such that Grantee is no longer a Service Provider, all Awards of such Grantee that are unvested at the time of such termination
shall terminate on the date of such termination, and all Awards of such Grantee that are vested and exercisable at the time of such
termination may be exercised within up to three (3) months after the date of such termination (or such different period as the
Committee shall prescribe), but in any event no later than the date of expiration of the Award’s term as set forth in the
Award Agreement or pursuant to this Plan; provided, however, that if the Company (or its Subsidiary or other Affiliate
thereof, as applicable) shall have terminated the Grantee’s employment or service for Cause (as defined below) (whether the
facts or circumstances that constitute such Cause occur prior to or after termination of employment or service), or if facts or
circumstances arise or are discovered with respect to the Grantee that would have constituted Cause, then all Awards theretofore
granted to such Grantee (whether vested or not) shall terminate and be subject to recoupment by the Company on the date of such
termination (or on such subsequent date on which such facts or circumstances arise or are discovered, as the case may be) unless
otherwise determined by the Committee, and any Shares issued upon exercise or (if applicable) vesting of Awards (including other
Shares or securities issued or distributed with respect thereto, and including the gross amount of any proceeds, gains or other
economic benefit the Grantee actually or constructively receives upon receipt or exercise of any Award or the receipt or resale of
any Shares underlying the Award), whether held by the Grantee or by the Trustee for the Grantee’s benefit, shall be deemed to
be irrevocably offered for sale to the Company, any of its Affiliates or any person designated by the Company to purchase, at the
Company’s election and subject to Applicable Law, either for no consideration, for the par value of such Shares (if such
Shares bear a par value) or against payment of the Exercise Price previously received by the Company for such Shares upon their
issuance, as the Committee deems fit, upon written notice to the Grantee at any time prior to, at or after the Grantee’s
termination of employment or service. Such Shares or other securities shall be sold and transferred within 30 days from the date of
the Company’s notice of its election to exercise its right. If the Grantee fails to transfer such Shares or other securities
to the Company, the Company, at the decision of the Committee, shall be entitled to forfeit or repurchase such Shares and to
authorize any person to execute on behalf of the Grantee any document necessary to effect such transfer, whether or not the share
certificates are surrendered. The Company shall have the right and authority to affect the above either by: (i) repurchasing all of
such Shares or other securities held by the Grantee or by the Trustee for the benefit of the Grantee, or designate the purchaser of
all or any part of such Shares or other securities, for the Exercise Price paid for such Shares, the par value of such Shares (if
shares bear a par value) or for no payment or consideration whatsoever, as the Committee deems fit; (ii) forfeiting all or any part
of such Shares or other securities; (iii) redeeming all or any part of such Shares or other securities, for the Exercise Price paid
for such Shares, the par value of such Shares (if shares bear a par value) or for no payment or consideration whatsoever, as the
Committee deems fit; (iv) taking action in order to have all or any part of such Shares or other securities converted into deferred
shares entitling their holder only to their par value (if shares bear a par value) upon liquidation of the Company; or (v) taking
any other action which may be required in order to achieve similar results; all as shall be determined by the Committee, at its sole
and absolute discretion, and the Grantee is deemed to irrevocably empower the Company or any person which may be designated by it to
take any action by, in the name of or on behalf of the Grantee to comply with and give effect to such actions (including, voting
such shares, filling in, signing and delivering share transfer deeds, etc.).

 

    12 

     

    

 

6.6.3. Notwithstanding
anything to the contrary, the Committee, in its absolute discretion, may, on such terms and conditions as it may determine appropriate,
extend the periods for which Awards held by any Grantee may continue to vest and be exercisable; it being clarified that such Awards
may lose their entitlement to certain tax benefits under Applicable Law (including, without limitation, qualification of an Award as
an Incentive Stock Option) as a result of the modification of such Awards and/or in the event that the Award is exercised beyond the
later of: (i) three (3) months after the date of termination of the employment or service relationship; or (ii) the applicable period
under Section 6.7 below with respect to a termination of the employment or service relationship because of the death, Disability or Retirement
of Grantee.

 

6.6.4. For
purposes of this Plan:

 

6.6.4.1. A
termination of employment or service of a Grantee shall not be deemed to occur (except to the extent required by the Code with respect
to the Incentive Stock Option status of an Option) in case of (i) a transition or transfer of a Grantee among the Company and its Affiliates,
(ii) a change in the capacity in which the Grantee is employed or renders service to the Company or any of its Affiliates or a change
in the identity of the employing or engagement entity among the Company and its Affiliates, provided, in case of the foregoing clauses
(i) and (ii) above, that the Grantee has remained continuously employed by and/or in the service of the Company and its Affiliates since
the date of grant of the Award and throughout the vesting period; or (iii) if the Grantee takes any unpaid leave as set forth in Section
6.8.

 

6.6.4.2. An
entity or an Affiliate thereof assuming an Award or issuing in substitution thereof in a transaction to which Section 424(a) of the Code
applies or in a Merger/Sale in accordance with Section 15 shall be deemed as an Affiliate of the Company for purposes of this Section
6.6, unless the Committee determines otherwise.

 

6.6.4.3. In
the case of a Grantee whose principal employer or service recipient is a Subsidiary or Affiliate, the Grantee’s employment shall
also be deemed terminated for purposes of this Section 6.6 as of the date on which such principal employer or service recipient
ceases to be a Subsidiary or Affiliate.

 

    13 

     

    

 

6.6.4.4. The
term “Cause” shall mean (irrespective of, and in addition to, any definition included in any other agreement or instrument
applicable to the Grantee, and unless otherwise determined by the Committee) any of the following: (i) any theft, fraud, embezzlement,
dishonesty, willful misconduct, breach of fiduciary duty for personal profit, falsification of any documents or records of the Company
or any of its Affiliates, felony or similar act by the Grantee (whether or not related to the Grantee’s relationship with the Company);
(ii) an act of moral turpitude by the Grantee, or any act that causes significant injury to, or is otherwise adversely affecting, the
reputation, business, assets, operations or business relationship of the Company (or a Subsidiary or Affiliate, when applicable); (iii)
any breach by the Grantee of any material agreement with or of any material duty of the Grantee to the Company or any Subsidiary or Affiliate
thereof (including breach of confidentiality, non-disclosure, non-use, non-competition or non-solicitation covenants towards the Company
or any of its Affiliates) or failure to abide by code of conduct or other policies (including, without limitation, policies relating
to confidentiality and reasonable workplace conduct); (iv) any act which constitutes a breach of a Grantee’s fiduciary duty towards
the Company or an Affiliate or Subsidiary, including disclosure of confidential or proprietary information thereof or acceptance or solicitation
to receive unauthorized or undisclosed benefits, irrespective of their nature, or funds, or promises to receive either, from individuals,
consultants or corporate entities that the Company or a Subsidiary or an Affiliate does business with; (v) the Grantee’s unauthorized
use, misappropriation, destruction, or diversion of any tangible or intangible asset or corporate opportunity of the Company or any of
its Affiliates (including, without limitation, the improper use or disclosure of confidential or proprietary information); or (vi) any
circumstances that constitute grounds for termination for cause under the Grantee’s employment or service agreement with the Company
or Affiliate, to the extent applicable. For the avoidance of doubt, the determination as to whether a termination is for Cause for purposes
of this Plan, shall be made in good faith by the Committee and shall be final and binding on the Grantee.

 

6.7. Death,
Disability or Retirement of Grantee.

 

6.7.1. If
a Grantee shall die while employed by, or performing service for, the Company or its Affiliates, or within the three (3) month period
(or such longer period of time as determined by the Board, in its discretion) after the date of termination of such Grantee’s employment
or service (or within such different period as the Committee may have provided pursuant to Section 6.6 hereof), or if the Grantee’s
employment or service with the Company or any of its Affiliates shall terminate by reason of Disability, all Awards theretofore granted
to such Grantee may (to the extent otherwise vested and exercisable and unless earlier terminated in accordance with their terms) be
exercised by the Grantee or by the Grantee’s estate or by a person who acquired the legal right to exercise such Awards by bequest
or inheritance, or by a person who acquired the legal right to exercise such Awards in accordance with Applicable Law in the case of
Disability of the Grantee, as the case may be, at any time within one (1) year (or such longer period of time as determined by the Committee,
in its discretion) after the death or Disability of the Grantee (or such different period as the Committee shall prescribe), but in any
event no later than the date of expiration of the Award’s term as set forth in the Award Agreement or pursuant to this Plan. In
the event that an Award granted hereunder shall be exercised as set forth above by any person other than the Grantee, written notice
of such exercise shall be accompanied by a certified copy of letters testamentary or proof satisfactory to the Committee of the right
of such person to exercise such Award.

 

6.7.2. In
the event that the employment or service of a Grantee shall terminate on account of such Grantee’s Retirement, all Awards of such
Grantee that are exercisable at the time of such Retirement may, unless earlier terminated in accordance with their terms, be exercised
at any time within the three (3) month period after the date of such Retirement (or such different period as the Committee shall prescribe).

 

    14 

     

    

 

6.8. Suspension
of Vesting. Unless the Committee provides otherwise, vesting of Awards granted hereunder shall be suspended during any unpaid leave
of absence, other than in the case of any (i) leave of absence which was pre-approved by the Company explicitly for purposes of continuing
the vesting of Awards, or (ii) transfers between locations of the Company or any of its Affiliates, or between the Company and any of
its Affiliates, or any respective successor thereof. For clarity, for purposes of this Plan, military leave, statutory maternity or paternity
leave or sick leave are not deemed unpaid leave of absence, unless the Committee determines otherwise.

 

6.9. Securities
Law Restrictions. Except as otherwise provided in the applicable Award Agreement or other agreement between the Service Provider
and the Company, if the exercise of an Award following the termination of the Service Provider’s employment or service (other than
for Cause) would be prohibited at any time solely because the issuance of Shares would violate the registration requirements under the
Securities Act or equivalent requirements under equivalent laws of other applicable jurisdictions, then the Award shall remain exercisable
and terminate on the earlier of (i) the expiration of a period of three (3) months (or such longer period of time as determined
by the Board, in its discretion) after the termination of the Service Provider’s employment or service during which the exercise
of the Award would not be in such violation, or (ii) the expiration of the term of the Award as set forth in the Award Agreement
or pursuant to this Plan. In addition, unless otherwise provided in a Grantee’s Award Agreement, if the sale of any Shares received
upon exercise or (if applicable) vesting of an Award following the termination of the Grantee’s employment or service (other than
for Cause) would violate the Company’s insider trading policy, then the Award shall terminate on the earlier of (i) the expiration
of a period equal to the applicable post-termination exercise period after the termination of the Grantee’s employment or service
during which the exercise of the Award would not be in violation of the Company’s insider trading policy, or (ii) the expiration
of the term of the Award as set forth in the applicable Award Agreement or pursuant to this Plan.

 

6.10. Other
Provisions. The Award Agreement evidencing Awards under this Plan shall contain such other terms and conditions not inconsistent
with this Plan as the Committee may determine, at or after the date of grant, including provisions in connection with the restrictions
on transferring the Awards or Shares covered by such Awards, which shall be binding upon the Grantees and any purchaser, assignee or
transferee of any Awards, and other terms and conditions as the Committee shall deem appropriate.

 

		7.	NONQUALIFIED
                                            STOCK OPTIONS.

 

Awards
granted pursuant to this Section 7 are intended to constitute Nonqualified Stock Options and shall be subject to the general terms and
conditions specified in Section 6 hereof and other provisions of this Plan, except for any provisions of this Plan applying to Awards
under different tax laws or regulations. In the event of any inconsistency or contradictions between the provisions of this Section 7
and the other terms of this Plan, this Section 7 shall prevail. However, if for any reason the Awards granted pursuant to this Section
7 (or portion thereof) does not qualify as an Incentive Stock Option, then, to the extent of such non-qualification, such Option (or
portion thereof) shall be regarded as a Nonqualified Stock Option granted under this Plan. In no event will the Board, the Company or
any Parent or Subsidiary or any of their respective employees or directors have any liability to a Grantee (or any other person) due
to the failure of the Option to qualify for any reason as an Incentive Stock Option.

 

7.1. Certain
Limitations on Eligibility for Nonqualified Stock Options. Nonqualified Stock Options may not be granted to a Service Provider who
is deemed to be a resident of the United States for purposes of taxation or who is otherwise subject to United States federal income
tax unless the Shares underlying such Options constitute “service recipient stock” under Section 409A of the Code or unless
such Options comply with the payment requirements of Section 409A of the Code.

 

    15 

     

    

 

7.2. Exercise
Price. The Exercise Price of a Nonqualified Stock Option shall not be less than 100% of the Fair Market Value of a Share on the date
of grant of such Option unless the Committee specifically indicates that the Awards will have a lower Exercise Price and the Award complies
with Section 409A of the Code. Notwithstanding the foregoing, a Nonqualified Stock Option may be granted with an exercise price lower
than the minimum exercise price set forth above if such Award is granted pursuant to an assumption or substitution for another option
in a manner qualifying under the provisions of that complies with Section 424(a) of the Code or 1.409A-1(b)(5)(v)(D) of the U.S. Treasury
Regulations or any successor guidance.

 

		8.	INCENTIVE
                                            STOCK OPTIONS.

 

Awards
granted pursuant to this Section 8 are intended to constitute Incentive Stock Options and shall be granted subject to the following special
terms and conditions, the general terms and conditions specified in Section 6 hereof and other provisions of this Plan, except for any
provisions of this Plan applying to Awards under different tax laws or regulations. In the event of any inconsistency or contradictions
between the provisions of this Section 8 and the other terms of this Plan, this Section 8 shall prevail.

 

8.1. Eligibility
for Incentive Stock Options. Incentive Stock Options may be granted only to Employees of the Company, or to Employees of a Parent
or Subsidiary, determined as of the date of grant of such Options. An Incentive Stock Option granted to a prospective Employee upon the
condition that such person become an Employee shall be deemed granted effective on the date such person commences employment, with an
exercise price determined as of such date in accordance with Section 8.2.

 

8.2. Exercise
Price. The Exercise Price of an Incentive Stock Option shall not be less than one hundred percent (100%) of the Fair Market Value
of the Shares covered by the Awards on the date of grant of such Option or such other price as may be determined pursuant to the Code.
Notwithstanding the foregoing, an Incentive Stock Option may be granted with an exercise price lower than the minimum exercise price
set forth above if such Award is granted pursuant to an assumption or substitution for another option in a manner that complies with
the provisions of Section 424(a) of the Code.

 

8.3. Date
of Grant. Notwithstanding any other provision of this Plan to the contrary, no Incentive Stock Option may be granted under this Plan
after ten (10) years from the date this Plan is adopted, or the date this Plan is approved by the shareholders, whichever is earlier.

 

8.4. Exercise
Period. No Incentive Stock Option shall be exercisable after the expiration of ten (10) years after the effective date of grant of
such Award, subject to Section 8.6. No Incentive Stock Option granted to a prospective Employee may become exercisable prior to the date
on which such person commences employment.

 

8.5. $100,000
Per Year Limitation. The aggregate Fair Market Value (determined as of the date the Incentive Stock Option is granted) of the Shares
with respect to which all Incentive Stock Options granted under this Plan and all other “incentive stock option” plans of
the Company, or of any Parent or Subsidiary, become exercisable for the first time by each Grantee during any calendar year shall not
exceed one hundred thousand United States dollars ($100,000) with respect to such Grantee. To the extent that the aggregate Fair Market
Value of Shares with respect to which such Incentive Stock Options and any other such incentive stock options are exercisable for the
first time by any Grantee during any calendar year exceeds one hundred thousand United States dollars ($100,000), such options shall
be treated as Nonqualified Stock Options. The foregoing shall be applied by taking options into account in the order in which they were
granted. If the Code is amended to provide for a different limitation from that set forth in this Section 8.5, such different limitation
shall be deemed incorporated herein effective as of the date and with respect to such Awards as required or permitted by such amendment
to the Code. If an Option is treated as an Incentive Stock Option in part and as a Nonqualified Stock Option in part by reason of the
limitation set forth in this Section 8.5, the Grantee may designate which portion of such Option the Grantee is exercising. In the absence
of such designation, the Grantee shall be deemed to have exercised the Incentive Stock Option portion of the Option first. Separate certificates
representing each such portion may be issued upon the exercise of the Option.

 

    16 

     

    

 

8.6. Ten
Percent Shareholder. In the case of an Incentive Stock Option granted to a Ten Percent Shareholder, notwithstanding the foregoing
provisions of this Section 8.6, (i) the Exercise Price shall not be less than one hundred and ten percent (110%) of the Fair Market Value
of a Share on the date of grant of such Incentive Stock Option, and (ii) the Exercise Period shall not exceed five (5) years from the
effective date of grant of such Incentive Stock Option.

 

8.7. Payment
of Exercise Price. Each Award Agreement evidencing an Incentive Stock Option shall state each alternative method by which the Exercise
Price thereof may be paid.

 

8.8. Leave
of Absence. Notwithstanding Section 6.8, a Grantee’s employment shall not be deemed to have terminated if the Grantee takes
any leave as set forth in Section 6.8(i); provided, however, that if any such leave exceeds three (3) months, on the day that is three
(3) months following the commencement of such leave any Incentive Stock Option held by the Grantee shall cease to be treated as an Incentive
Stock Option and instead shall be treated thereafter as a Nonqualified Stock Option, unless the Grantee’s right to return to employment
is guaranteed by statute or contract.

 

8.9. Exercise
Following Termination. Notwithstanding anything else in this Plan to the contrary, Incentive Stock Options that are not exercised
within three (3) months following termination of the Grantee’s employment with the Company or its Parent or Subsidiary or a corporation
or a Parent or Subsidiary of such corporation issuing or assuming an Option in a transaction to which Section 424(a) of the Code applies,
or within one year in case of termination of the Grantee’s employment with the Company or its Parent or Subsidiary due to a Disability
(within the meaning of Section 22(e)(3) of the Code), shall be deemed to be Nonqualified Stock Options.

 

8.10. Adjustments
to Incentive Stock Options. Any Award Agreement providing for the grant of Incentive Stock Options shall indicate that adjustments
made pursuant to this Plan with respect to Incentive Stock Options could constitute a “modification” of such Incentive Stock
Options (as that term is defined in Section 424(h) of the Code) or could cause adverse tax consequences for the holder of such Incentive
Stock Options and that the holder should consult with his or her tax advisor regarding the consequences of such “modification”
on his or her income tax treatment with respect to the Incentive Stock Option.

 

8.11. Notice
to Company of Disqualifying Disposition. Each Grantee who receives an Incentive Stock Option must agree to notify the Company in
writing immediately after the Grantee makes a Disqualifying Disposition of any Shares received pursuant to the exercise of Incentive
Stock Options. A “Disqualifying Disposition” is any disposition (including any sale) of such Shares before the later of (i) two
years after the date the Grantee was granted the Incentive Stock Option, or (ii) one year after the date the Grantee acquired Shares
by exercising the Incentive Stock Option. If the Grantee dies before such Shares are sold, these holding period requirements do not apply
and no disposition of the Shares will be deemed a Disqualifying Disposition.

 

		9.	102
                                            AWARDS.

 

Awards
granted pursuant to this Section 9 are intended to constitute 102 Awards and shall be granted subject to the following special terms
and conditions, the general terms and conditions specified in Section 6 hereof and other provisions of this Plan, except for any provisions
of this Plan applying to Awards under different tax laws or regulations. In the event of any inconsistency or contradictions between
the provisions of this Section 9 and the other terms of this Plan, this Section 9 shall prevail.

 

    17 

     

    

 

9.1. Tracks.
Awards granted pursuant to this Section 9 are intended to be granted pursuant to Section 102 of the Ordinance pursuant to either (i)
Section 102(b)(2) or (3) thereof (as applicable), under the capital gain track (“102 Capital Gain Track Awards”),
or (ii) Section 102(b)(1) thereof under the ordinary income track (“102 Ordinary Income Track Awards”, and together
with 102 Capital Gain Track Awards, “102 Trustee Awards”). 102 Trustee Awards shall be granted subject to the special
terms and conditions contained in this Section 9, the general terms and conditions specified in Section 6 hereof and other provisions
of this Plan, except for any provisions of this Plan applying to Options under different tax laws or regulations.

 

9.2. Election
of Track. Subject to Applicable Law, the Company may grant only one type of 102 Trustee Awards at any given time to all Grantees
who are to be granted 102 Trustee Awards pursuant to this Plan, and shall file an election with the ITA regarding the type of 102 Trustee
Awards it elects to grant before the date of grant of any 102 Trustee Awards (the “Election”). Such Election shall
also apply to any other securities, including bonus shares, received by any Grantee as a result of holding the 102 Trustee Awards. The
Company may change the type of 102 Trustee Awards that it elects to grant only after the expiration of at least 12 months from the end
of the year in which the first grant was made in accordance with the previous Election, or as otherwise provided by Applicable Law. Any
Election shall not prevent the Company from granting Awards, pursuant to Section 102(c) of the Ordinance without a Trustee (“102
Non-Trustee Awards”).

 

9.3. Eligibility
for Awards.

 

9.3.1. Subject
to Applicable Law, 102 Awards may only be granted to an “employee” within the meaning of Section 102(a) of the Ordinance (which
as of the date of the adoption of this Plan means (i) individuals employed by an Israeli company being the Company or any of its Affiliates,
and (ii) individuals who are serving and are engaged personally (and not through an entity) as “office holders” by such an
Israeli company), but may not be granted to a Controlling Shareholder (“Eligible 102 Grantees”). Eligible 102 Grantees
may receive only 102 Awards, which may either be granted to a Trustee or granted under Section 102 of the Ordinance without a Trustee.

 

9.4. 102
Award Grant Date.

 

9.4.1. Each
102 Award will be deemed granted on the date determined by the Committee, subject to Section 9.4.2, provided that (i) the Grantee has
signed all documents required by the Company or pursuant to Applicable Law, and (ii) with respect to 102 Trustee Award, the Company has
provided all applicable documents to the Trustee in accordance with the guidelines published by the ITA, and if an agreement is not signed
and delivered by the Grantee within 90 days from the date determined by the Committee (subject to Section 9.4.2), then such 102 Trustee
Award shall be deemed granted on such later date as such agreement is signed and delivered and on which the Company has provided all
applicable documents to the Trustee in accordance with the guidelines published by the ITA. In the case of any contradiction, this provision
and the date of grant determined pursuant hereto shall supersede and be deemed to amend any date of grant indicated in any corporate
resolution or Award Agreement.

 

9.4.2. Unless
otherwise permitted by the Ordinance, any grants of 102 Trustee Awards that are made on or after the date of the adoption of this Plan
or an amendment to this Plan, as the case may be, that may become effective only at the expiration of thirty (30) days after the filing
of this Plan or any amendment thereof (as the case may be) with the ITA in accordance with the Ordinance shall be conditional upon the
expiration of such 30-day period, such condition shall be read and is incorporated by reference into any corporate resolutions approving
such grants and into any Award Agreement evidencing such grants (whether or not explicitly referring to such condition), and the date
of grant shall be at the expiration of such 30-day period, whether or not the date of grant indicated therein corresponds with this Section.
In the case of any contradiction, this provision and the date of grant determined pursuant hereto shall supersede and be deemed to amend
any date of grant indicated in any corporate resolution or Award Agreement.

 

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9.5. 102
Trustee Awards.

 

9.5.1. Each
102 Trustee Award, each Share issued pursuant to the exercise of any 102 Trustee Award, and any rights granted thereunder, including
bonus shares, shall be issued to and registered in the name of the Trustee and shall be held in trust for the benefit of the Grantee
for the requisite period prescribed by the Ordinance (the “Required Holding Period”). In the event that the requirements
under Section 102 of the Ordinance to qualify an Award as a 102 Trustee Award are not met, then the Award may be treated as a 102 Non-Trustee
Award or 3(9) Award, all in accordance with the provisions of the Ordinance. After expiration of the Required Holding Period, the Trustee
may release such 102 Trustee Awards and any such Shares, provided that (i) the Trustee has received an acknowledgment from the ITA that
the Grantee has paid any applicable taxes due pursuant to the Ordinance, or (ii) the Trustee and/or the Company and/or its Affiliate
withholds all applicable taxes and compulsory payments due pursuant to the Ordinance arising from the 102 Trustee Awards and/or any Shares
issued upon exercise or (if applicable) vesting of such 102 Trustee Awards. The Trustee shall not release any 102 Trustee Awards or Shares
issued upon exercise or (if applicable) vesting thereof prior to the payment in full of the Grantee’s tax and compulsory payments
arising from such 102 Trustee Awards and/or Shares or the withholding referred to in (ii) above.

 

9.5.2. Each
102 Trustee Award shall be subject to the relevant terms of the Ordinance, the Rules and any determinations, rulings or approvals issued
by the ITA, which shall be deemed an integral part of the 102 Trustee Awards and shall prevail over any term contained in this Plan or
Award Agreement that is not consistent therewith. Any provision of the Ordinance, the Rules and any determinations, rulings or approvals
by the ITA not expressly specified in this Plan or Award Agreement that are necessary to receive or maintain any tax benefit pursuant
to Section 102 of the Ordinance shall be binding on the Grantee. The Grantee granted a 102 Trustee Awards shall comply with the Ordinance
and the terms and conditions of the trust agreement entered into between the Company and the Trustee. The Grantee shall execute any and
all documents that the Company and/or its Affiliates and/or the Trustee determine from time to time to be necessary in order to comply
with the Ordinance and the Rules.

 

9.5.3. During
the Required Holding Period, the Grantee shall not release from trust or sell, assign, transfer or give as collateral, the Shares issuable
upon the exercise or (if applicable) vesting of a 102 Trustee Awards and/or any securities issued or distributed with respect thereto,
until the expiration of the Required Holding Period. Notwithstanding the above, if any such sale, release or other action occurs during
the Required Holding Period it may result in adverse tax consequences to the Grantee under Section 102 of the Ordinance and the Rules,
which shall apply to and shall be borne solely by such Grantee. Subject to the foregoing, the Trustee may, pursuant to a written request
from the Grantee, but subject to the terms of this Plan, release and transfer such Shares to a designated third party, provided that
both of the following conditions have been fulfilled prior to such release or transfer: (i) payment has been made to the ITA of all taxes
and compulsory payments required to be paid upon the release and transfer of the Shares, and confirmation of such payment has been received
by the Trustee and the Company, and (ii) the Trustee has received written confirmation from the Company that all requirements for such
release and transfer have been fulfilled according to the terms of the Company’s corporate documents, any agreement governing the
Shares, this Plan, the Award Agreement and any Applicable Law.

 

9.5.4. If
a 102 Trustee Award is exercised or (if applicable) vested, the Shares issued upon such exercise or (if applicable) vesting shall be
issued in the name of the Trustee for the benefit of the Grantee.

 

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9.5.5. Upon
or after receipt of a 102 Trustee Award, if required, the Grantee may be required to sign an undertaking to release the Trustee from
any liability with respect to any action or decision duly taken and executed in good faith by the Trustee in relation to this Plan, or
any 102 Trustee Awards or Share granted to such Grantee thereunder.

 

9.6. 102
Non-Trustee Awards. The foregoing provisions of this Section 9 relating to 102 Trustee Awards shall not apply with respect to 102
Non-Trustee Awards, which shall, however, be subject to the relevant provisions of Section 102 of the Ordinance and the applicable Rules.
The Committee may determine that 102 Non-Trustee Awards, the Shares issuable upon the exercise or (if applicable) vesting of a 102 Non-Trustee
Awards and/or any securities issued or distributed with respect thereto, shall be allocated or issued to the Trustee, who shall hold
such 102 Non-Trustee Awards and all accrued rights thereon (if any), in trust for the benefit of the Grantee and/or the Company, as the
case may be, until the full payment of tax arising from the 102 Non-Trustee Awards, the Shares issuable upon the exercise or (if applicable)
vesting of a 102 Non-Trustee Awards and/or any securities issued or distributed with respect thereto. The Company may choose, alternatively,
to force the Grantee to provide it with a guarantee or other security, to the satisfaction of each of the Trustee and the Company, until
the full payment of the applicable taxes.

 

9.7. Written
Grantee Undertaking. To the extent and with respect to any 102 Trustee Award, and as required by Section 102 of the Ordinance and
the Rules, by virtue of the receipt of such Award, the Grantee is deemed to have undertaken and confirmed in writing the following (and
such undertaking is deemed incorporated into any documents signed by the Grantee in connection with the employment or service of the
Grantee and/or the grant of such Award). The following written undertaking shall be deemed to apply and relate to all 102 Trustee Awards
granted to the Grantee, whether under this Plan or other plans maintained by the Company, and whether prior to or after the date hereof.

 

9.7.1. The
Grantee shall comply with all terms and conditions set forth in Section 102 of the Ordinance with regard to the “Capital Gain Track”
or the “Ordinary Income Track”, as applicable, and the applicable rules and regulations promulgated thereunder, as amended
from time to time;

 

9.7.2. The
Grantee is familiar with, and understands the provisions of, Section 102 of the Ordinance in general, and the tax arrangement under the
“Capital Gain Track” or the “Ordinary Income Track” in particular, and its tax consequences; the Grantee agrees
that the 102 Trustee Awards and Shares that may be issued upon exercise or (if applicable) vesting of the 102 Trustee Awards (or otherwise
in relation to the 102 Trustee Awards), will be held by a trustee appointed pursuant to Section 102 of the Ordinance for at least the
duration of the “Holding Period” (as such term is defined in Section 102) under the “Capital Gain Track” or the “Ordinary
Income Track”, as applicable. The Grantee understands that any release of such 102 Trustee Awards or Shares from trust, or any
sale of the Share prior to the termination of the Holding Period, as defined above, will result in taxation at marginal tax rate, in
addition to deductions of appropriate social security, health tax contributions or other compulsory payments; and

 

9.7.3. The
Grantee agrees to the trust deed signed between the Company, his employing company and the trustee appointed pursuant to Section 102
of the Ordinance.

 

		10.	3(9)
                                            AWARDS.

 

Awards
granted pursuant to this Section 10 are intended to constitute 3(9) Awards and shall be granted subject to the general terms and conditions
specified in Section 6 hereof and other provisions of this Plan, except for any provisions of this Plan applying to Awards under different
tax laws or regulations. In the event of any inconsistency or contradictions between the provisions of this Section 10 and the other
terms of this Plan, this Section 10 shall prevail.

 

    20 

     

    

 

10.1. To
the extent required by the Ordinance or the ITA or otherwise deemed by the Committee to be advisable, the 3(9) Awards and/or any shares
or other securities issued or distributed with respect thereto granted pursuant to this Plan shall be issued to a Trustee nominated by
the Committee in accordance with the provisions of the Ordinance. In such event, the Trustee shall hold such Awards and/or any shares
or other securities issued or distributed with respect thereto in trust, until exercised or (if applicable) vested by the Grantee and
the full payment of tax arising therefrom, pursuant to the Company’s instructions from time to time as set forth in a trust agreement,
which will have been entered into between the Company and the Trustee. If determined by the Board or the Committee, and subject to such
trust agreement, the Trustee shall be responsible for withholding any taxes to which a Grantee may become liable upon issuance of Shares,
whether due to the exercise or (if applicable) vesting of Awards.

 

10.2. Shares
pursuant to a 3(9) Award shall not be issued, unless the Grantee delivers to the Company payment in cash or by bank check or such other
form acceptable to the Committee of all withholding taxes due, if any, on account of the Grantee acquired Shares under the Award or gives
other assurance satisfactory to the Committee of the payment of those withholding taxes.

 

		11.	STOCK
                                            APPRECIATION RIGHTS OR SARs.

 

11.1. Generally.
Each SAR granted under this Plan shall be evidenced by an Award Agreement. Each SAR so granted shall be subject to the conditions set
forth in this Section 11 and to such other conditions not inconsistent with this Plan as may be reflected in the applicable Award Agreement.
Any Option granted under this Plan may include tandem SARs. The Committee also may award SARs to Grantees independent of any Option.

 

11.2. Strike
Price. The Strike Price per Share for each SAR shall not be less than 100% of the Fair Market Value of such share determined as of
the date of grant.

 

11.3. Vesting
and Expiration. A SAR granted in connection with an Option shall become exercisable and shall expire according to the same vesting
schedule and expiration provisions as the corresponding Option. A SAR granted independent of an Option shall vest and become exercisable
and shall expire in such manner and on such date or dates determined by the Committee (including, if applicable, the attainment of any
performance goals, as shall be determined by the Committee in the applicable Award Agreement) and shall expire after such period, not
to exceed ten years, as may be determined by the Committee (the “SAR Period”); provided, however, that notwithstanding
any vesting dates set by the Committee, the Committee may, in its sole discretion, accelerate the exercisability of any SAR, which acceleration
shall not affect the terms and conditions of such SAR other than with respect to exercisability. In the event of any termination of employment
or service with the Company and its Affiliates thereof of a Grantee who has been granted one of more SARs, the SARs shall be exercisable
at the time or times and subject to the terms and conditions as set forth in the Award Agreement (or in the underlying Option Award Agreement,
as may be applicable). If the SAR would expire at a time when the exercise of the SAR would violate applicable securities laws, the expiration
date applicable to the SAR will be automatically extended to a date that is 30 calendar days following the date such exercise would no
longer violate applicable securities laws (so long as such extension shall not violate Section 409A of the Code); provided, that,
in no event shall such expiration date be extended beyond the expiration of the SAR Period; and provided further that no extension will
be made if the exercise price of such SAR at the date the initial term would otherwise expire is above the Fair Market Value on such
date.

 

    21 

     

    

 

11.4. Method
of Exercise. SARs that have become exercisable may be exercised by delivery of written or electronic notice of exercise to the Company
in accordance with the terms of the Award, specifying the number of SARs to be exercised and the date on which such SARs were awarded.

 

11.5. Payment.
Upon the exercise of a SAR, the Company shall pay to the Grantee an amount equal to the number of shares subject to the SAR that are
being exercised, multiplied by the excess, if any, of the Fair Market Value of one Share on the exercise date over the Strike Price,
less an amount equal to any taxes required to be withheld or paid. The Company shall pay such amount in cash, in Shares having a Fair
Market Value equal to such amount, or any combination thereof, as determined by the Committee. No fractional Shares shall be issued or
delivered pursuant to this Plan or any Award, and the Committee shall determine whether cash, other securities or other property shall
be paid or transferred in lieu of any fractional Shares, or whether such fractional Shares or any rights thereto shall be canceled, terminated
or otherwise eliminated.

 

		12.	RESTRICTED
                                            SHARES.

 

The
Committee may award Restricted Shares to any eligible Grantee, including under Section 102 of the Ordinance. Each Award of Restricted
Shares under this Plan shall be evidenced by a written agreement between the Company and the Grantee (the “Restricted Share
Agreement”), in such form as the Committee shall from time to time approve. The Restricted Shares shall be subject to all applicable
terms of this Plan, which in the case of Restricted Shares granted under Section 102 of the Ordinance shall include Section 9 hereof,
and may be subject to any other terms that are not inconsistent with this Plan. The provisions of the various Restricted Shares Agreements
entered into under this Plan need not be identical. The Restricted Share Agreement shall comply with and be subject to Section 6 and
the following terms and conditions, unless otherwise specifically provided in such Agreement and not inconsistent with this Plan, or
Applicable Law:

 

12.1. Purchase
Price. Section 6.4 shall not apply. Each Restricted Share Agreement shall state an amount of Exercise Price to be paid by the Grantee,
if any, in consideration for the issuance of the Restricted Shares and the terms of payment thereof, which may include payment in cash
or, subject to the Committee’s approval, by issuance of promissory notes or other evidence of indebtedness on such terms and conditions
as determined by the Committee.

 

12.2. Restrictions.
Restricted Shares may not be sold, assigned, transferred, pledged, hypothecated or otherwise disposed of, except by will or the laws
of descent and distribution (in which case they shall be transferred subject to all restrictions then or thereafter applicable thereto),
until such Restricted Shares shall have vested (the period from the date on which the Award is granted until the date of vesting of the
Restricted Share thereunder being referred to herein as the “Restricted Period”). The Committee may also impose such
additional or alternative restrictions and conditions on the Restricted Shares, as it deems appropriate, including the satisfaction of
performance criteria (which, in case of 102 Trustee Awards, may be subject to obtaining a specific tax ruling or determination from the
ITA). Such performance criteria may include, but are not limited to, sales, earnings before interest and taxes, return on investment,
earnings per share, any combination of the foregoing or rate of growth of any of the foregoing, as determined by the Committee or pursuant
to the provisions of any Company policy required under mandatory provisions of Applicable Law. Certificates for shares issued pursuant
to Restricted Share Awards, if issued, shall bear an appropriate legend referring to such restrictions, and any attempt to dispose of
any such shares in contravention of such restrictions shall be null and void and without effect. Such certificates may, if so determined
by the Committee, be held in escrow by an escrow agent appointed by the Committee, or, if a Restricted Share Award is made pursuant to
Section 102 of the Ordinance, by the Trustee. In determining the Restricted Period of an Award the Committee may provide that the foregoing
restrictions shall lapse with respect to specified percentages of the awarded Restricted Shares on successive anniversaries of the date
of such Award. To the extent required by the Ordinance or the ITA, the Restricted Shares issued pursuant to Section 102 of the Ordinance
shall be issued to the Trustee in accordance with the provisions of the Ordinance and the Restricted Shares shall be held for the benefit
of the Grantee for at least the Required Holding Period.

 

    22 

     

    

 

12.3. Forfeiture;
Repurchase. Subject to such exceptions as may be determined by the Committee, if the Grantee’s continuous employment with or
service to the Company or any Affiliate thereof shall terminate for any reason prior to the expiration of the Restricted Period of an
Award or prior to the timely payment in full of the Exercise Price (if applicable) of any Restricted Shares, any Restricted Shares remaining
subject to vesting or with respect to which the purchase price has not been paid in full, shall thereupon be forfeited, transferred to,
and redeemed, repurchased or cancelled by, as the case may be, in any manner as set forth in Section 6.6.2(i) through (v), subject to
Applicable Law and the Grantee shall have no further rights with respect to such Restricted Shares.

 

12.4. Ownership.
During the Restricted Period the Grantee shall possess all incidents of ownership of such Restricted Shares, subject to Section 12.2,
including the right to vote and receive dividends with respect to such Shares. All securities, if any, received by a Grantee with respect
to Restricted Shares as a result of any stock split, stock dividend, combination of shares, or other similar transaction shall be subject
to the restrictions applicable to the original Award.

 

		13.	RESTRICTED
                                            SHARE UNITS.

 

An
RSU is an Award covering a number of Shares that is settled, if vested and (if applicable) exercised, by issuance of those Shares. An
RSU may be awarded to any eligible Grantee, including under Section 102 of the Ordinance. The Award Agreement relating to the grant of
RSUs under this Plan (the “Restricted Share Unit Agreement”), shall be in such form as the Committee shall from time
to time approve. The RSUs shall be subject to all applicable terms of this Plan, which in the case of RSUs granted under Section 102
of the Ordinance shall include Section 9 hereof, and may be subject to any other terms that are not inconsistent with this Plan. The
provisions of the various Restricted Share Unit Agreements entered into under this Plan need not be identical. RSUs may be granted in
consideration of a reduction in the recipient’s other compensation.

 

13.1. Exercise
Price. No payment of Exercise Price shall be required as consideration for RSUs, unless included in the Award Agreement or as required
by Applicable Law (including, Section 304 of the Companies Law), and Section 6.4 shall apply, if applicable.

 

13.2. Shareholders’
Rights. The Grantee shall not possess or own any ownership rights in the Shares underlying the RSUs and no rights as a shareholder
shall exist prior to the actual issuance of Shares in the name of the Grantee.

 

13.3. Settlements
of Awards. Settlement of vested RSUs shall be made in the form of Shares or cash (in case of 102 Trustee Awards, the settlement shall
be made in the form of shares only). Distribution to a Grantee of an amount (or amounts) from settlement of vested RSUs can be deferred
to a date after vesting as determined by the Committee. The amount of a deferred distribution may be increased by an interest factor
or by dividend equivalents. Until the grant of RSUs is settled, the number of Shares underlying such RSUs shall be subject to adjustment
pursuant hereto.

 

13.4. Section 409A
Restrictions. Notwithstanding anything to the contrary set forth herein, any RSUs granted under this Plan that are not exempt from
the requirements of Section 409A of the Code shall contain such restrictions or other provisions so that such RSUs will comply with
the requirements of Section 409A of the Code, if applicable to the Company. Such restrictions, if any, shall be determined by the
Committee and contained in the Restricted Share Unit Agreement evidencing such RSU. For example, such restrictions may include a requirement
that any Shares that are to be issued in a year following the year in which the RSU vests must be issued in accordance with a fixed,
pre-determined schedule.

 

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		14.	OTHER
                                            CASH-BASEDOR SHARE-BASED AWARDS.

 

14.1. The
Committee may grant other Awards under this Plan pursuant to which Shares (which may, but need not, be Restricted Shares pursuant to
Section 12 hereof), cash or a combination thereof, are or may in the future be acquired or received, or Awards denominated in stock units,
including units valued on the basis of measures other than market value. The terms and conditions of such Awards shall be consistent
with this Plan and set forth in the Award Agreement and need not be uniform among all such Awards or all Grantees receiving such Awards.

 

14.2. Such
other Cash-Based or other Share-Based Awards as set forth above may be granted alone, in addition to, or in tandem with any Award of
any type granted under this Plan (without any obligation or assurance that that such Share-Based Awards will be entitled to tax benefits
under Applicable Law or to the same tax treatment as other Awards under this Plan).

 

14.3. Payment,
if any, with respect to an other Cash-Based or other Share-Based Award shall be made in accordance with the terms of the Award, as set
forth in the Award Agreement, in cash, Shares or a combination of cash and Shares, as the Committee determines.

 

		15.	EFFECT
                                            OF CERTAIN CHANGES.

 

15.1. General.

 

15.1.1. In
the event of a division or subdivision of the outstanding share capital of the Company, any distribution of bonus shares (stock split),
consolidation or combination of share capital of the Company (reverse stock split), reclassification with respect to the Shares or any
similar recapitalization events (each, a “Recapitalization”), a merger (including, a reverse merger and a reverse triangular
merger), consolidation, amalgamation or like transaction of the Company with or into another corporation, a reorganization (which may
include a combination or exchange of shares, spin-off or other corporate divestiture or division, or other similar occurrences, the Committee
shall have the authority to make, without the need for a consent of any holder of an Award, such adjustments as determined by the Committee
to be appropriate, in its discretion, in order to adjust (i) the number and class of shares reserved and available for grants of Awards,
(ii) the number and class of shares covered by outstanding Awards, (iii) the Exercise Price per share covered by any Award, (iv) the
terms and conditions concerning vesting and exercisability and the term and duration of the outstanding Awards, (v) the type or class
of security, asset or right underlying the Award (which need not be only that of the Company, and may be that of the surviving corporation
or any affiliate thereof or such other entity party to any of the above transactions), and (vi) any other terms of the Award that in
the opinion of the Committee should be adjusted. Any fractional shares resulting from such adjustment shall be treated as determined
by the Committee, and in the absence of such determination shall be rounded to the nearest whole share, and the Company shall have no
obligation to make any cash or other payment with respect to such fractional shares. No adjustment shall be made by reason of the distribution
of subscription rights or rights offering to outstanding shares or other issuance of shares by the Company, unless the Committee determines
otherwise. The adjustments determined pursuant to this Section 15.1 (including a determination that no adjustment is to be made) shall
be final, binding and conclusive.

 

    24 

     

    

 

15.1.2. Notwithstanding
anything to the contrary included herein, and subject to Applicable Law, in the event of a distribution of an extraordinary cash dividend
by the Company to all holders of Shares, the Committee shall have the authority to determine, without the need for a consent of any holder
of an Award, that the Exercise Price of any Award, which is outstanding and unexercised on the record date of such distribution, shall
be reduced by an amount equal to the per Share gross dividend amount distributed by the Company, and the Committee may determine that
the Exercise Price following such reduction shall be not less than the par value of a Share. The application of this Section with respect
to any 102 Awards shall be subject to obtaining a ruling from the ITA, to the extent required by Applicable Law and subject to the terms
and conditions of any such ruling.

 

15.2. Merger/Sale
of Company. In the event of (i) a sale of all or substantially all of the assets of the Company, or a sale (including an exchange)
of all or substantially all of the shares of the Company, to any person, or a purchase by a shareholder of the Company or by an Affiliate
of such shareholder, of all the shares of the Company held by all or substantially all other shareholders or by other shareholders who
are not Affiliated with such acquiring party; (ii) a merger (including, a reverse merger and a reverse triangular merger), consolidation,
amalgamation or like transaction of the Company with or into another corporation; (iii) a scheme of arrangement for the purpose of effecting
such sale, merger, consolidation, amalgamation or other transaction; (iv) approval by the shareholders of the Company of a complete liquidation
or dissolution of the Company, (v) Change in Board Event, or (iv) such other transaction or set of circumstances that is determined by
the Board, in its discretion, to be a transaction subject to the provisions of this Section 15.2 excluding any of the foregoing transactions
in clauses (i) through (v) if the Board determines that such transaction should be excluded from the definition hereof and the applicability
of this Section 15.2 (such transaction, a “Merger/Sale”), then, without derogating from the general authority and
power of the Board or the Committee under this Plan, without the Grantee’s consent and action and without any prior notice requirement,
the Committee may make any determination as to the treatment of Awards, in its sole and absolute discretion, as provided herein:

 

15.2.1. Unless
otherwise determined by the Board, any Award then outstanding shall be assumed or be substituted by the Company, or by the successor
corporation in such Merger/Sale or by any parent or Affiliate thereof, as determined by the Board in its discretion (the “Successor
Corporation”), under terms as determined by the Board or the terms of this Plan applied by the Successor Corporation to such
assumed or substituted Awards.

 

For
the purposes of this Section 15.2.1, the Award shall be considered assumed or substituted if, following a Merger/Sale, the Award confers
on the holder thereof the right to purchase or receive, for each Share underlying an Award immediately prior to the Merger/Sale, either
(i) the consideration (whether shares or other securities, cash or other property, or rights, or any combination thereof) distributed
to or received by holders of Shares in the Merger/Sale for each Share held on the effective date of the Merger/Sale (and if holders were
offered a choice or several types of consideration, the type of consideration as determined by the Committee, which need not be the same
type for all Grantees), or (ii) regardless of the consideration received by the holders of Shares in the Merger/Sale, solely shares or
any type of Awards (or their equivalent) of the Successor Corporation at a value to be determined by the Committee in its discretion,
or a certain type of consideration (whether shares or other securities, cash or other property, or rights, or any combination thereof)
as determined by the Committee. Any of the consideration referred to in the foregoing clauses (i) and (ii) shall be subject to the same
vesting and expiration terms of the Awards applying immediately prior to the Merger/Sale, unless determined by the Committee, in its
discretion, that the consideration shall be subject to different vesting and expiration terms, or other terms, and the Committee may
determine that it be subject to other or additional terms. The foregoing shall not limit the Board’s authority to determine that
in lieu of such assumption or substitution of Awards for Awards of the Successor Corporation, such Award will be substituted for shares
or other securities, cash or other property, or rights, or any combination thereof, including as set forth in Section 15.2.2 hereunder.

 

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15.2.2. Unless
otherwise determined by the Committee, to the extent any Awards are not assumed or substituted by the Successor Corporation, such Awards
shall vest in full and be entitled to receive the consideration payable to shareholders generally (subject to any applicable Exercise
Price and taxes in respect of any Award) in the Merger/Sale.

 

15.2.3. Regardless
of whether or not Awards are assumed or substituted, the Board may (but shall not be obligated to):

 

15.2.3.1. provide
for the Grantee to have the right to exercise the Award in respect of Shares covered by the Award which would otherwise be exercisable
or vested, under such terms and conditions as the Board shall determine, and the cancellation of all unexercised Awards (whether vested
or unvested) upon or immediately prior to the closing of the Merger/Sale, unless the Board provides for the Grantee to have the right
to exercise the Award, or otherwise for the acceleration of vesting of such Award, as to all or part of the Shares covered by the Award
which would not otherwise be exercisable or vested, under such terms and conditions as the Board shall determine;

 

15.2.3.2. provide
for the cancellation of each outstanding Award at or immediately prior to the closing of such Merger/Sale, and if and to the extent payment
shall be made to the Grantee of an amount in shares or other securities of the Company, the acquiror or of a corporation or other business
entity which is a party to the Merger/Sale, cash or other property, or rights, or any combination thereof, as determined by the Board
to be fair in the circumstances, and subject to such terms and conditions as determined by the Board. The Board shall have full authority
to select the method for determining the payment (being the intrinsic (“spread”) value of the option, Black-Scholes model
or any other method). Inter alia, and without limitation of the following determination being made in other circumstances, the
Board’s determination may provide that payment shall be set to zero if the value of the Shares is determined to be less than the
Exercise Price, or in respect of Shares covered by the Award which would not otherwise be exercisable or vested, or that payment may
be made only in excess of the Exercise Price; and/or

 

15.2.3.3. provide
that the terms of any Award shall be otherwise amended, modified or terminated, as determined by the Board to be fair in the circumstances.

 

15.2.4. The
Board may determine: (i) that any payments made in respect of Awards shall be made or delayed to the same extent that payment of consideration
to the holders of the Shares in connection with the Merger/Sale is made or delayed as a result of escrows, indemnification, earn outs,
holdbacks or any other contingencies or conditions; (ii) the terms and conditions applying to the payment made or payable to the Grantees,
including participation in escrow, indemnification, releases, earn-outs, holdbacks or any other contingencies; and (iii) that any terms
and conditions applying under the applicable definitive transaction agreements shall apply to the Grantees (including, appointment and
engagement of a shareholders or sellers representative, payment of fees or other costs and expenses associated with such services, indemnifying
such representative, and authorization to such representative within the scope of such representative’s authority in the applicable
definitive transaction agreements).

 

15.2.5. The
Board may determine to suspend the Grantee’s rights to exercise any vested portion of an Award for a period of time prior to the
signing or consummation of a Merger/Sale transaction.

 

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15.2.6. Without
limiting the generality of this Section 15, if the consideration in exchange for Awards in a Merger/Sale includes any securities and
due receipt thereof by any Grantee (or by the Trustee for the benefit of such Grantee) may require under Applicable Law (i) the registration
or qualification of such securities or of any person as a broker or dealer or agent with respect to such securities; or (ii) the provision
to any Grantee of any information under the Securities Act or any other securities laws, then the Board may determine that the Grantee
shall be paid in lieu thereof, against surrender of the Shares or cancellation of any other Awards, an amount in cash or other property,
or rights, or any combination thereof, as determined by the Board to be fair in the circumstances, and subject to such terms and conditions
as determined by the Board. Nothing herein shall entitle any Grantee to receive any form of consideration that such Grantee would be
ineligible to receive as a result of such Grantee’s failure to satisfy (in the Board’s sole determination) any condition,
requirement or limitation that is generally applicable to the Company’s shareholders, or that is otherwise applicable under the
terms of the Merger/Sale, and in such case, the Board shall determine the type of consideration and the terms applying to such Grantees.

 

15.2.7. Neither
the authorities and powers of the Board or the Committee under this Section 15.2, nor the exercise or implementation thereof, shall
(i) be restricted or limited in any way by any adverse consequences (tax or otherwise) that may result to any holder of an Award, and
(ii) as, inter alia, being a feature of the Award upon its grant, be deemed to constitute a change or an amendment of the rights
of such holder under this Plan, nor shall any such adverse consequences (as well as any adverse tax consequences that may result from
any tax ruling or other approval or determination of any relevant tax authority) be deemed to constitute a change or an amendment of
the rights of such holder under this Plan, and may be effected without consent of any Grantee and without any liability to the Company
or its Affiliates, or to their respective officers, directors, employees and representatives, and the respective successors and assigns
of any of the foregoing. The Board or Committee need not take the same action with respect to all Awards or with respect to all Service
Providers. The Board or Committee may take different actions with respect to the vested and unvested portions of an Award. The Board
or Committee may determine an amount or type of consideration to be received or distributed in a Merger/Sale which may differ as among
the Grantees, and as between the Grantees and any other holders of shares of the Company.

 

15.2.8. The
Board may determine that upon a Merger/Sale any Shares held by Grantees (or for Grantee’s benefit) are sold in accordance with
instructions issued by the Board in connection with such Merger/Sale, which shall be final, conclusive and binding on all Grantees.

 

15.2.9. All
of the Board’s or the Committee’s determinations pursuant to this Section 15 shall be at its sole and absolute discretion, and
shall be final, conclusive and binding on all Grantees (including, for clarity, as it relates to Shares issued upon exercise or vesting
of any Awards or that are Awards, unless otherwise determined by the Board or Committee, as applicable) and without any liability to
the Company or its Affiliates, or to their respective officers, directors, employees, shareholders and representatives, and the respective
successors and assigns of any of the foregoing, in connection with the method of treatment, chosen course of action or determinations
made hereunder.

 

15.2.10. With
respect to any Grantees who are subject to United States Federal income tax, if and only to the extent required to comply with Section
409A of the Code, any actions set forth in this Section 15.2 may only be taken to the extent there has been a “change in the
ownership or effective control of the Company or a change in the ownership of a substantial portion of the assets of the Company (in
each case as defined in U.S. Treasury Regulation 1.409A-3(i)(5)).

 

15.2.11. If
determined by the Board, the Grantees shall be subject to the definitive agreement(s) in connection with the Merger/Sale as applying
to holders of Shares including, such terms, conditions, representations, undertakings, liabilities, limitations, releases, indemnities,
appointing and indemnifying shareholders/sellers representative, participating in transaction expenses, shareholders/sellers representative
expense fund and escrow arrangement, in each case as determined by the Board. Each Grantee shall execute (and authorizes any person designated
by the Company to so execute, as well as (if applicable) the Trustee holding any Shares for the Grantee’s behalf) such separate
agreement(s) or instruments as may be requested by the Company, the Successor Corporation or the acquiror in connection with such in
such Merger/Sale or otherwise under or for the purpose of implementing this Section 15.2, and in the form required by them. The execution
of such separate agreement(s) may be a condition to the receipt of assumed or substituted Awards, payment in lieu of the Award, the exercise
of any Award or otherwise to be entitled to benefit from shares or other securities, cash or other property, or rights, or any combination
thereof, pursuant to this Section 15.2 (and the Company (and, if applicable, the Trustee) may exercise its authorization above and sign
such agreement on behalf of the Grantee or subject the Grantee to the provisions of such agreements).

 

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15.3. Reservation
of Rights. Except as expressly provided in this Section 15 (if any), the Grantee of an Award hereunder shall have no rights by reason
of any Recapitalization of shares of any class, any increase or decrease in the number of shares of any class, or any dissolution, liquidation,
reorganization (which may include a combination or exchange of shares, spin-off or other corporate divestiture or division, or other
similar occurrences), or Merger/Sale. Any issue by the Company of shares of any class, or securities convertible into shares of stock
of any class, shall not affect, and no adjustment by reason thereof shall be made with respect to, the number, type or price of shares
subject to an Award. The grant of an Award pursuant to this Plan shall not affect in any way the right or power of the Company to make
adjustments, reclassifications, reorganizations or changes of its capital or business structures or to merge or to consolidate or to
dissolve, liquidate or sell, or transfer all or part of its business or assets or engage in any similar transactions.

 

		16.	NON-TRANSFERABILITY
                                            OF AWARDS; SURVIVING BENEFICIARY.

 

16.1. All
Awards granted under this Plan by their terms shall not be transferable, other than by will or by the laws of descent and distribution,
unless otherwise determined by the Committee or under this Plan, provided that with respect to Shares issued upon exercise of Awards,
Shares issued upon the vesting of Awards or Awards that are Shares, the restrictions on transfer shall be the restrictions referred to
in Section 17 (Conditions upon Issuance of Shares) hereof. Subject to the above provisions, the terms of such Award, this Plan and any
applicable Award Agreement shall be binding upon the beneficiaries, executors, administrators, heirs and successors of such Grantee.
Awards may be exercised or otherwise realized, during the lifetime of the Grantee, only by the Grantee or by his guardian or legal representative,
to the extent provided for herein. Any transfer of an Award not permitted hereunder (including transfers pursuant to any decree of divorce,
dissolution or separate maintenance, any property settlement, any separation agreement or any other agreement with a spouse) and any
grant of any interest in any Award to, or creation in any way of any direct or indirect interest in any Award by, any party other than
the Grantee shall be null and void and shall not confer upon any party or person, other than the Grantee, any rights. A Grantee may file
with the Committee a written designation of a beneficiary, who shall be permitted to exercise such Grantee’s Award or to whom any
benefit under this Plan is to be paid, in each case, in the event of the Grantee’s death before he or she fully exercises his or
her Award or receives any or all of such benefit, on such form as may be prescribed by the Committee and may, from time to time, amend
or revoke such designation. If no designated beneficiary survives the Grantee, the executor or administrator of the Grantee’s estate
shall be deemed to be the Grantee’s beneficiary. Notwithstanding the foregoing, upon the request of the Grantee and subject to
Applicable Law the Committee, at its sole discretion, may permit the Grantee to transfer the Award to a trust whose beneficiaries are
the Grantee and/or the Grantee’s immediate family members (all or several of them).

 

16.2. Notwithstanding
any other provisions of this Plan to the contrary, no Incentive Stock Option may be sold, transferred, pledged, assigned or otherwise
alienated or hypothecated, other than by will or by the laws of descent and distribution or in accordance with a beneficiary designation
pursuant to Section 16.1. Further, all Incentive Stock Options granted to a Grantee shall be exercisable during his or her lifetime only
by such Grantee.

 

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16.3. As
long as the Shares are held by the Trustee in favor of the Grantee, all rights possessed by the Grantee over the Shares are personal,
and may not be transferred, assigned, pledged or mortgaged, other than by will or laws of descent and distribution.

 

16.4. If
and to the extent a Grantee is entitled to transfer an Award and/or Shares underlying an Award in accordance with the terms of this Plan
and any other applicable agreements, such transfer shall be subject (in addition, to any other conditions or terms applying thereto)
to receipt by the Company from such proposed transferee of a written instrument, on a form reasonably acceptable to the Company, pursuant
to which such proposed transferee agrees to be bound by all provisions of this Plan and any other applicable agreements, including without
limitation, any restrictions on transfer of the Award and/or Shares set forth herein (however, failure to so deliver such instrument
to the Company as set forth above shall not derogate from all such provisions applying on any transferee).

 

16.5. The
provisions of this Section ‎16 shall apply to the Grantee and to any purchaser, assignee or transferee of any Shares.

 

		17.	CONDITIONS
                                            UPON ISSUANCE OF SHARES; GOVERNING PROVISIONS.

 

17.1. Legal
Compliance. The grant of Awards and the issuance of Shares upon exercise or settlement of Awards shall be subject to compliance with
all Applicable Law as determined by the Company, including, applicable requirements of federal, state and foreign law with respect to
such securities. The Company shall have no obligations to issue Shares pursuant to the exercise or settlement of an Award and Awards
may not be exercised or settled, if the issuance of Shares upon exercise or settlement would constitute a violation of any Applicable
Law as determined by the Company, including, applicable federal, state or foreign securities laws or other law or regulations or the
requirements of any stock exchange or market system upon which the Shares may then be listed. In addition, no Award may be exercised
unless (i) a registration statement under the Securities Act or equivalent law in another jurisdiction shall at the time of exercise
or settlement of the Award be in effect with respect to the shares issuable upon exercise of the Award, or (ii) in the opinion of legal
counsel to the Company, the shares issuable upon exercise of the Award may be issued in accordance with the terms of an applicable exemption
from the registration requirements of the Securities Act or equivalent law in another jurisdiction. The inability of the Company to obtain
authority from any regulatory body having jurisdiction, if any, deemed by the Company to be necessary to the lawful issuance and sale
of any Shares hereunder, and the inability to issue Shares hereunder due to non-compliance with any Company policies with respect to
the sale of Shares, shall relieve the Company of any liability in respect of the failure to issue or sell such Shares as to which such
requisite authority or compliance shall not have been obtained or achieved. As a condition to the exercise of an Award, the Company may
require the person exercising such Award to satisfy any qualifications that may be necessary or appropriate, to evidence compliance with
any Applicable Law or regulation and to make any representation or warranty with respect thereto as may be requested by the Company,
including to represent and warrant at the time of any such exercise that the Shares are being purchased only for investment and without
any present intention to sell or distribute such Shares, all in form and content specified by the Company.

 

17.2. Provisions
Governing Shares. Shares issued pursuant to an Award shall be subject to this Plan and shall be subject to the Articles of Association
of the Company, and any other governing documents of the Company and all policies, manuals and internal regulations of the Company, as
in effect from time to time.

 

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17.3. Share
Purchase Transactions; Forced Sale. In the event that the Board approves a Merger/Sale effected by way of a forced or compulsory
sale (whether pursuant to the Company’s Articles of Association, pursuant to Section 341 of the Companies Law or any agreement
amongst some or all of the Company’s shareholders or otherwise) or in the event of a transaction for the sale of all shares of the Company,
then, without derogating from such provisions and in addition thereto, the Grantee shall be obligated, and shall be deemed to have agreed
to the offer to effect the Merger/Sale (and the Shares held by or for the benefit of the Grantee shall be included in the shares of the
Company approving the terms of such Merger/Sale for the purpose of satisfying the required majority), and shall sell all of the Shares
held by or for the benefit of the Grantee on the terms and conditions applying to the holders of Shares, in accordance with the instructions
then issued by the Board, whose determination shall be final. No Grantee shall contest, bring any claims or demands, or exercise any
appraisal rights related to any of the foregoing. Each Grantee shall execute (and authorizes any person designated by the Company to
so execute, as well as (if applicable) the Trustee holding any Shares for the Grantee’s behalf) such documents and agreements,
as may be requested by the Company relating to matters set forth in or otherwise for the purpose of implementing this Section 17.3. The
execution of such separate agreement(s) may be a condition by the Company to the exercise of any Award and the Company (and, if applicable,
the Trustee) may exercise its authorization above and sign such agreement on behalf of the Grantee or subject the Grantee to the provisions
of such agreements.

 

17.4. Data
Privacy; Data Transfer. Information related to Grantees and Awards hereunder, as shall be received from Grantee or others, and/or
held by, the Company or its Affiliates from time to time, and which information may include sensitive and personal information related
to Grantees (“Information”), will be used by the Company or its Affiliates (or third parties appointed by any of them,
including the Trustee) to comply with any applicable legal requirement, or for administration of this Plan as they deems necessary or
advisable, or for the respective business purposes of the Company or its Affiliates (including in connection with transactions related
to any of them). The Company and its Affiliates shall be entitled to transfer the Information among the Company or its Affiliates, and
to third parties for the purposes set forth above, which may include persons located abroad (including, any person administering this
Plan or providing services in respect of this Plan or in order to comply with legal requirements, or the Trustee, their respective officers,
directors, employees and representatives, and the respective successors and assigns of any of the foregoing), and any person so receiving
Information shall be entitled to transfer it for the purposes set forth above. The Company shall use commercially reasonable efforts
to ensure that the transfer of such Information shall be limited to the reasonable and necessary scope. By receiving an Award hereunder,
Grantee acknowledges and agrees that the Information is provided at Grantee’s free will and Grantee consents to the storage and
transfer of the Information as set forth above.

 

17.5. Clawback
Provisions. All Awards (including the gross amount of any proceeds, gains or other economic benefit the Grantee actually or constructively
receives upon receipt or exercise of any Award or the receipt or resale of any Shares underlying the Award) will be subject to recoupment
by the Company to the extent required to comply with Applicable Law or any policy of the Company (subject to Applicable Law) providing
for the reimbursement of incentive compensation, whether or not such policy was in place at the time of grant of an Award.

 

		18.	AGREEMENT
                                            REGARDING TAXES; DISCLAIMER.

 

18.1. If
the Committee shall so require, as a condition of exercise or (if applicable) vesting of an Award, the release of Shares by the Trustee
or the expiration of the Restricted Period, a Grantee shall agree that, no later than the date of such occurrence, the Grantee will pay
to the Company (or the Trustee, as applicable) or make arrangements satisfactory to the Committee and the Trustee (if applicable) regarding
payment of any applicable taxes and compulsory payments of any kind required by Applicable Law to be withheld or paid.

 

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18.2. TAX
LIABILITY. ALL TAX CONSEQUENCES UNDER ANY APPLICABLE LAW WHICH MAY ARISE FROM THE GRANT OF ANY AWARDS OR THE EXERCISE OR (IF APPLICABLE)
VESTING THEREOF, THE SALE OR DISPOSITION OF ANY SHARES GRANTED HEREUNDER OR ISSUED UPON EXERCISE OR (IF APPLICABLE) THE VESTING OF ANY
AWARD, THE ASSUMPTION, SUBSTITUTION, CANCELLATION OR PAYMENT IN LIEU OF AWARDS OR FROM ANY OTHER ACTION IN CONNECTION WITH THE FOREGOING
(INCLUDING WITHOUT LIMITATION ANY TAXES AND COMPULSORY PAYMENTS, SUCH AS SOCIAL SECURITY OR HEALTH TAX PAYABLE BY THE GRANTEE OR THE
COMPANY IN CONNECTION THEREWITH) SHALL BE BORNE AND PAID SOLELY BY THE GRANTEE, AND THE GRANTEE SHALL INDEMNIFY THE COMPANY, ITS SUBSIDIARIES
AND AFFILIATES AND THE TRUSTEE, AND SHALL HOLD THEM HARMLESS AGAINST AND FROM ANY LIABILITY FOR ANY SUCH TAX OR PAYMENT OR ANY PENALTY,
INTEREST OR INDEXATION THEREON. EACH GRANTEE AGREES TO, AND UNDERTAKES TO COMPLY WITH, ANY RULING, SETTLEMENT, CLOSING AGREEMENT OR OTHER
SIMILAR AGREEMENT OR ARRANGEMENT WITH ANY TAX AUTHORITY IN CONNECTION WITH THE FOREGOING WHICH IS APPROVED BY THE COMPANY.

 

18.3. NO
TAX ADVICE. THE GRANTEE IS ADVISED TO CONSULT WITH A TAX ADVISOR WITH RESPECT TO THE TAX CONSEQUENCES OF RECEIVING, EXERCISING OR
DISPOSING OF AWARDS HEREUNDER. THE COMPANY DOES NOT ASSUME ANY RESPONSIBILITY TO ADVISE THE GRANTEE ON SUCH MATTERS, WHICH SHALL REMAIN
SOLELY THE RESPONSIBILITY OF THE GRANTEE.

 

18.4. TAX
TREATMENT. THE COMPANY AND ITS AFFILIATES DO NOT UNDERTAKE OR ASSUME ANY LIABILITY OR RESPONSIBILITY TO THE EFFECT THAT ANY AWARD
SHALL QUALIFY WITH ANY PARTICULAR TAX REGIME OR RULES APPLYING TO PARTICULAR TAX TREATMENT, OR BENEFIT FROM ANY PARTICULAR TAX TREATMENT
OR TAX ADVANTAGE OF ANY TYPE AND THE COMPANY AND ITS AFFILIATES SHALL BEAR NO LIABILITY IN CONNECTION WITH THE MANNER IN WHICH ANY AWARD
IS TREATED FOR TAX PURPOSES, REGARDLESS OF WHETHER THE AWARD WAS GRANTED OR WAS INTENDED TO QUALIFY UNDER ANY PARTICULAR TAX REGIME OR
TREATMENT. THIS PROVISION SHALL SUPERSEDE ANY TYPE OF AWARDS OR TAX QUALIFICATION INDICATED IN ANY CORPORATE RESOLUTION OR AWARD AGREEMENT,
WHICH SHALL AT ALL TIMES BE SUBJECT TO THE REQUIREMENTS OF APPLICABLE LAW. THE COMPANY AND ITS AFFILIATES DO NOT UNDERTAKE AND SHALL
NOT BE REQUIRED TO TAKE ANY ACTION IN ORDER TO QUALIFY ANY AWARD WITH THE REQUIREMENT OF ANY PARTICULAR TAX TREATMENT AND NO INDICATION
IN ANY DOCUMENT TO THE EFFECT THAT ANY AWARD IS INTENDED TO QUALIFY FOR ANY TAX TREATMENT SHALL IMPLY SUCH AN UNDERTAKING. THE COMPANY
AND ITS AFFILIATES DO NOT UNDERTAKE TO REPORT FOR TAX PURPOSES ANY AWARD IN ANY PARTICULAR MANNER, INCLUDING IN ANY MANNER CONSISTENT
WITH ANY PARTICULAR TAX TREATMENT. NO ASSURANCE IS MADE BY THE COMPANY OR ANY OF ITS AFFILIATES THAT ANY PARTICULAR TAX TREATMENT ON
THE DATE OF GRANT WILL CONTINUE TO EXIST OR THAT THE AWARD WOULD QUALIFY AT THE TIME OF EXERCISE OR DISPOSITION THEREOF WITH ANY PARTICULAR
TAX TREATMENT. THE COMPANY AND ITS AFFILIATES SHALL NOT HAVE ANY LIABILITY OR OBLIGATION OF ANY NATURE IN THE EVENT THAT AN AWARD DOES
NOT QUALIFY FOR ANY PARTICULAR TAX TREATMENT, REGARDLESS WHETHER THE COMPANY COULD HAVE OR SHOULD HAVE TAKEN ANY ACTION TO CAUSE SUCH
QUALIFICATION TO BE MET AND SUCH QUALIFICATION REMAINS AT ALL TIMES AND UNDER ALL CIRCUMSTANCES AT THE RISK OF THE GRANTEE. THE COMPANY
DOES NOT UNDERTAKE OR ASSUME ANY LIABILITY TO CONTEST A DETERMINATION OR INTERPRETATION (WHETHER WRITTEN OR UNWRITTEN) OF ANY TAX AUTHORITIES,
INCLUDING IN RESPECT OF THE QUALIFICATION UNDER ANY PARTICULAR TAX REGIME OR RULES APPLYING TO PARTICULAR TAX TREATMENT. IF THE AWARDS
DO NOT QUALIFY UNDER ANY PARTICULAR TAX TREATMENT IT COULD RESULT IN ADVERSE TAX CONSEQUENCES TO THE GRANTEE.

 

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18.5. The
Company or any Subsidiary or Affiliate may take such action as it may deem necessary or appropriate, in its discretion, for the purpose
of or in connection with withholding of any taxes and compulsory payments which the Trustee, the Company or any Subsidiary or Affiliate
(or any applicable agent thereof) is required by any Applicable Law to withhold in connection with any Awards (collectively, “Withholding
Obligations”). Such actions may include (i) requiring a Grantees to remit to the Company in cash an amount sufficient to satisfy
such Withholding Obligations and any other taxes and compulsory payments, payable by the Company or an Affiliate in connection with the
Award or the exercise or (if applicable) the vesting thereof; (ii) subject to Applicable Law, allowing the Grantees to provide Shares
to the Company, in an amount that at such time, reflects a value that the Committee determines to be sufficient to satisfy such Withholding
Obligations; (iii) withholding Shares otherwise issuable upon the exercise of an Award at a value which is determined by the Committee
to be sufficient to satisfy such Withholding Obligations; (iv) withholding from other compensation payable by the Company or an Affiliate
to the Grantee; or (v) any combination of the foregoing. The Company shall not be obligated to allow the exercise or vesting of any Award
by or on behalf of a Grantee until all tax consequences arising therefrom are resolved in a manner acceptable to the Company.

 

18.6. Each
Grantee shall notify the Company in writing promptly and in any event within ten (10) days after the date on which such Grantee first
obtains knowledge of any tax authority inquiry, audit, assertion, determination, investigation, or question relating in any manner to
the Awards granted or received hereunder or Shares issued thereunder and shall continuously inform the Company of any developments, proceedings,
discussions and negotiations relating to such matter, and shall allow the Company and its representatives to participate in any proceedings
and discussions concerning such matters. Upon request, a Grantee shall provide to the Company any information or document relating to
any matter described in the preceding sentence, which the Company, in its discretion, requires.

 

18.7. With
respect to 102 Non-Trustee Options, if the Grantee ceases to be employed by the Company or any Affiliate, the Grantee shall extend to
the Company and/or its Affiliate with whom the Grantee is employed a security or guarantee for the payment of taxes due at the time of
sale of Shares, all in accordance with the provisions of Section 102 of the Ordinance and the Rules.

 

18.8. If
a Grantee makes an election under Section 83(b) of the Code to be taxed with respect to an Award as of the date of transfer of Shares
rather than as of the date or dates upon which the Grantee would otherwise be taxable under Section 83(a) of the Code, such Grantee shall
deliver a copy of such election to the Company upon or prior to the filing such election with the U.S. Internal Revenue Service. Neither
the Company nor any Affiliate shall have any liability or responsibility relating to or arising out of the filing or not filing of any
such election or any defects in its construction.

 

		19.	RIGHTS
                                            AS A SHAREHOLDER; VOTING AND DIVIDENDS.

 

19.1. Subject
to Section 12.4, a Grantee shall have no rights as a shareholder of the Company with respect to any Shares covered by an Award until
the Grantee shall have exercised or (as applicable) vests the Award, paid the Exercise Price therefor and becomes the record holder of
the subject Shares. In the case of 102 Awards, the Trustee shall have no rights as a shareholder of the Company with respect to the Shares
covered by such Award until the Trustee becomes the record holder for such Shares for the Grantee’s benefit, and the Grantee shall
not be deemed to be a shareholder and shall have no rights as a shareholder of the Company with respect to the Shares covered by the
Award until the date of the release of such Shares from the Trustee to the Grantee and the transfer of record ownership of such Shares
to the Grantee (provided, however, that the Grantee shall be entitled to receive from the Trustee any cash dividend or distribution made
on account of the Shares held by the Trustee for such Grantee’s benefit, subject to any tax withholding and compulsory payment).
No adjustment shall be made for dividends (ordinary or extraordinary, whether in shares or other securities, cash or other property,
or rights, or any combination thereof) or distribution of other rights for which the record date is prior to the date on which the Grantee
or Trustee (as applicable) becomes the record holder of the Shares covered by an Award, except as provided in Section 15 hereof.

 

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19.2. With
respect to all Awards issued in the form of Shares hereunder or upon the exercise or (if applicable) the vesting of Awards hereunder,
any and all voting rights attached to such Shares shall be subject to Section 20, and the Grantee shall be entitled to receive dividends
distributed with respect to such Shares, subject to the provisions of the Company’s Articles of Association, as amended from time
to time, and subject to any Applicable Law.

 

19.3. The
Company may, but shall not be obligated to, register or qualify the sale of Shares under any applicable securities law or any other Applicable
Law.

 

		20.	NO
                                            REPRESENTATION BY COMPANY.

 

By
granting the Awards, the Company is not, and shall not be deemed as, making any representation or warranties to the Grantee regarding
the Company, its business affairs, its prospects or the future value of its Shares and such representations and warranties are hereby
disclaimed. The Company shall not be required to provide to any Grantee any information, documents or material in connection with the
Grantee’s considering an exercise of an Award, except as required by Applicable Law. To the extent that any information, documents
or materials are provided, the Company shall have no liability with respect thereto. Any decision by a Grantee to exercise an Award shall
solely be at the risk of the Grantee.

 

		21.	NO
                                            RETENTION RIGHTS.

 

Nothing
in this Plan, any Award Agreement or in any Award granted or agreement entered into pursuant hereto shall confer upon any Grantee the
right to continue in the employ of, or be in the service of the Company or any Subsidiary or Affiliate thereof as a Service Provider
or to be entitled to any remuneration or benefits not set forth in this Plan or such agreement, or to interfere with or limit in any
way the right of the Company or any such Subsidiary or Affiliate to terminate such Grantee’s employment or service (including,
any right of the Company or any of its Affiliates to immediately cease the Grantee’s employment or service or to shorten all or
part of the notice period, regardless of whether notice of termination was given by the Company or its Affiliates or by the Grantee).
Awards granted under this Plan shall not be affected by any change in duties or position of a Grantee, subject to Sections 6.6 through
6.8. No Grantee shall be entitled to claim and the Grantee hereby waives any claim against the Company or any Subsidiary or Affiliate
that he or she was prevented from continuing to vest Awards as of the date of termination of his or her employment with, or services
to, the Company or any Subsidiary or Affiliate. No Grantee shall be entitled to any compensation in respect of the Awards which would
have vested had such Grantee’s employment or engagement with the Company (or any Subsidiary or Affiliate) not been terminated.

 

		22.	PERIOD
                                            DURING WHICH AWARDS MAY BE GRANTED.

 

Awards
may be granted pursuant to this Plan from time to time within a period of ten (10) years from the Effective Date, which period may be
extended from time to time by the Board. From and after such date (as extended), no grants of Awards may be made and this Plan shall
continue to be in full force and effect with respect to Awards or Shares issued thereunder that remain outstanding.

 

		23.	AMENDMENT
                                            OF THIS PLAN AND AWARDS.

 

23.1. The
Board at any time and from time to time may suspend, terminate, modify or amend this Plan, whether retroactively or prospectively. Any
amendment effected in accordance with this Section shall be binding upon all Grantees and all Awards, whether granted prior to or after
the date of such amendment, and without the need to obtain the consent of any Grantee. No termination or amendment of this Plan shall
affect any then outstanding Award unless expressly provided by the Board.

 

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23.2. Subject
to changes in Applicable Law that would permit otherwise, without the approval of the Company’s shareholders, there shall be (i)
no increase in the maximum aggregate number of Shares that may be issued under this Plan as Incentive Stock Options (except by operation
of the provisions of Section 15.1), (ii) no change in the class of persons eligible to receive Incentive Stock Options, and (iii)
no other amendment of this Plan that would require approval of the Company’s shareholders under any Applicable Law or the rules
of the applicable stock market or exchange, if any, on which the Shares are principally quoted or traded. Unless not permitted by Applicable
Law, if the grant of an Award is subject to approval by shareholders, the date of grant of the Award shall be determined as if the Award
had not been subject to such approval. Failure to obtain approval by the shareholders shall not in any way derogate from the valid and
binding effect of any grant of an Award that is not an Incentive Stock Option.

 

23.3. The
Board or the Committee at any time and from time to time may modify or amend any Award theretofore granted, including any Award Agreement,
whether retroactively or prospectively.

 

		24.	APPROVAL.

 

24.1. This
Plan shall take effect upon its adoption by the Board and approval by the shareholders of the Company (the “Effective Date”).

 

24.2. Solely
with respect to grants of Incentive Stock Options, this Plan shall also be subject to shareholders’ approval, within one year of
the date of adoption by the Board, by a majority of the votes cast on the proposal at a meeting or a written consent of shareholders
(however, if the grant of an Award is subject to approval by shareholders, the date of grant of the Award shall be determined as if the
Award had not been subject to such approval). Failure to obtain such approval by the shareholders within such period shall not in any
way derogate from the valid and binding effect of any grant of an Award, except that any Options previously granted under this Plan may
not qualify as Incentive Stock Options but, rather, shall constitute Nonqualified Stock Options. Upon approval of this Plan by the shareholders
of the Company as set forth above, all Incentive Stock Options granted under this Plan on or after the Effective Date shall be fully
effective as if the shareholders of the Company had approved this Plan on the Effective Date.

 

24.3. 102
Awards are conditional upon the filing with or approval by the ITA, if required, as set forth in Section 9.49. Failure to so file or
obtain such approval shall not in any way derogate from the valid and binding effect of any grant of an Award, which is not a 102 Award.

 

		25.	RULES
                                            PARTICULAR TO SPECIFIC COUNTRIES; SECTION 409A.

 

25.1. Notwithstanding
anything herein to the contrary, the terms and conditions of this Plan may be supplemented or amended with respect to a particular country
or tax regime by means of an appendix to this Plan, and to the extent that the terms and conditions set forth in any appendix conflict
with any provisions of this Plan, the provisions of such appendix shall govern. Terms and conditions set forth in such appendix shall
apply only to Awards granted to Grantees under the jurisdiction of the specific country or such other tax regime that is the subject
of such appendix and shall not apply to Awards issued to a Grantee not under the jurisdiction of such country or such other tax regime.
The adoption of any such appendix shall be subject to the approval of the Board or the Committee, and if determined by the Committee
to be required in connection with the application of certain tax treatment, pursuant to applicable stock exchange rules or regulations
or otherwise, then also the approval of the shareholders of the Company at the required majority.

 

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25.2. This
Section 25.2 shall only apply to Awards granted to Grantees who are subject to United States Federal income tax. With respect to
Awards subject to Section 409A of the Code, this Plan is intended to comply with the requirements of Section 409A of the Code, and the
provisions of this Plan and any Award Agreement shall be interpreted in a manner that satisfies the requirements of Section 409A of the
Code, and this Plan shall be operated accordingly. If any provision of this Plan or any term or condition of any Award would otherwise
frustrate or conflict with this intent, the provision, term or condition shall be interpreted and deemed amended so as to avoid this
conflict. Notwithstanding anything in this Plan to the contrary, if the Board considers a Grantee to be a “specified employee”
under Section 409A of the Code at the time of such Grantee’s “separation from service” (as defined in Section 409A
of the Code), and any amount hereunder is “deferred compensation” subject to Section 409A of the Code, any distribution of
such amount that otherwise would be made to such Grantee with respect to an Award as a result of such “separation from service”
shall not be made until the date that is six months after such “separation from service,” except to the extent that earlier
distribution would not result in such Grantee incurring interest or additional tax under Section 409A of the Code. If an Award includes
a “series of installment payments” (within the meaning of Section 1.409A-2(b)(2)(iii) of the U.S. Treasury Regulations),
a Grantee’s right to such series of installment payments shall be treated as a right to a series of separate payments and not as
a right to a single payment, and if an Award includes “dividend equivalents” (within the meaning of Section 1.409A-3(e) of
the U.S. Treasury Regulations), a Grantee’s right to such dividend equivalents shall be treated separately from the right to other
amounts under the Award. Notwithstanding the foregoing, the tax treatment of the benefits provided under this Plan or any Award Agreement
is not warranted or guaranteed, and in no event shall the Company be liable for all or any portion of any taxes, penalties, interest
or other expenses that may be incurred by a Grantee on account of non-compliance with Section 409A of the Code.

 

		26.	GOVERNING
                                            LAW; JURISDICTION.

 

This
Plan and all determinations made and actions taken pursuant hereto shall be governed by the laws of the State of Israel, except with
respect to matters that are subject to tax laws, regulations and rules of any specific jurisdiction, which shall be governed by the respective
laws, regulations and rules of such jurisdiction. Certain definitions, which refer to laws other than the laws of such jurisdiction,
shall be construed in accordance with such other laws. The competent courts located in Tel-Aviv-Jaffa, Israel shall have exclusive jurisdiction
over any dispute arising out of or in connection with this Plan and any Award granted hereunder. By signing any Award Agreement or any
other agreement relating to an Award, each Grantee irrevocably submits to such exclusive jurisdiction.

 

		27.	NON-EXCLUSIVITY
                                            OF THIS PLAN.

 

The
adoption of this Plan shall not be construed as creating any limitations on the power or authority of the Company to adopt such other
or additional incentive or other compensation arrangements of whatever nature as the Company may deem necessary or desirable or preclude
or limit the continuation of any other plan, practice or arrangement for the payment of compensation or fringe benefits to employees
generally, or to any class or group of employees, which the Company or any Affiliate now has lawfully put into effect, including any
retirement, pension, savings and stock purchase plan, insurance, death and disability benefits and executive short-term or long-term
incentive plans.

 

		28.	MISCELLANEOUS.

 

28.1. Survival.
The Grantee shall be bound by and the Shares issued upon exercise or (if applicable) the vesting of any Awards granted hereunder shall
remain subject to this Plan after the exercise or (if applicable) the vesting of Awards, in accordance with the terms of this Plan, whether
or not the Grantee is then or at any time thereafter employed or engaged by the Company or any of its Affiliates.

 

28.2. Additional
Terms. Each Award awarded under this Plan may contain such other terms and conditions not inconsistent with this Plan as may be determined
by the Committee, in its sole discretion.

 

28.3. Fractional
Shares. No fractional Share shall be issuable upon exercise or vesting of any Award. Unless a different rounding rule is applied
by the Company, the number of Shares to be issued shall be rounded down to the nearest whole Share, with any Share remaining at the last
vesting date due to such rounding to be issued upon exercise at such last vesting date.

 

    35 

     

    

 

28.4. Severability.
If any provision of this Plan, any Award Agreement or any other agreement entered into in connection with an Award shall be determined
to be illegal or unenforceable by any court of law in any jurisdiction, the remaining provisions hereof and thereof shall be severable
and enforceable in accordance with their terms, and all provisions shall remain enforceable in any other jurisdiction. In addition, if
any particular provision contained in this Plan, any Award Agreement or any other agreement entered into in connection with an Award
shall for any reason be held to be excessively broad as to duration, geographic scope, activity or subject, it shall be construed by
limiting and reducing such provision as to such characteristic so that the provision is enforceable to fullest extent compatible with
Applicable Law as it shall then appear.

 

28.5. Limitations
on Liability. Notwithstanding any other provisions of this Plan, no individual acting as a director, officer or other employee of
the Company or any Affiliate will be liable to any Grantee, former Grantee, spouse, beneficiary, or any other person for any claim, loss,
liability, or expense incurred in connection with this Plan or any Award, and such individual will not be personally liable with respect
to this Plan because of any contract or other instrument executed in his or her capacity as an Administrator, director, officer or other
employee of the Company or any Subsidiary.

 

28.6. Captions
and Titles. The use of captions and titles in this Plan or any Award Agreement or any other agreement entered into in connection
with an Award is for the convenience of reference only and shall not affect the meaning or interpretation of any provision of this Plan
or such agreement.

 

28.7. Unfunded
Status of Awards. This Plan is intended to be an “unfunded” plan for incentive compensation. With respect to any payments
not yet made to a Grantee pursuant to an Award, nothing contained in this Plan or Award Agreement shall give the Grantee any rights that
are greater than those of a general creditor of the Company or any Affiliate.

 

28.8. Provisions
for Foreign Grantees. The Committee may modify Awards granted to Grantees who are foreign nationals or employed outside Israel, establish
subplans or procedures under this Plan or take any other necessary or appropriate action to address Applicable Law, including, without
limitation, (a) differences in laws, rules, regulations or customs of such foreign jurisdictions with respect to tax, securities, currency,
employee benefit or other matters, (b) listing and other requirements of any foreign securities exchange, and (c) any necessary local
governmental or regulatory exemptions or approval.

 

28.9. Non-Uniform
Determinations. The Committee’s determinations under this Plan and Award Agreements need not be uniform and any such determinations
may be made by it selectively among persons who receive, or are eligible to receive, Awards under this Plan (whether or not such persons
are similarly situated). Without limiting the generality of the foregoing, the Committee will be entitled, among other things, to make
non-uniform and selective determinations under Award Agreements, and to enter into non-uniform and selective Award Agreements, as to
(i) the persons to receive Awards, (ii) the terms and provisions of Awards and (iii) whether a Grantee’s employment has been terminated
for purposes of this Plan.

 

*
* *

 

 

36

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