Document:

Exhibit 10.1

 

CompuLab
Ltd.

 

2015
Incentive Equity Plan

 

		1.	PURPOSE
                                         OF THE PLAN

 

The
purpose of this 2015 Incentive Equity Plan (the “Plan”) is to advance the interests of CompuLab Ltd. (the “Company”)
and its shareholders and to create close linkage between the business success of the Company and the economic well-being of its
employees, office holders and service providers, and to promote a close identity of interests between those individuals and entities
and the Company.

 

		2.	DEFINITIONS

 

As
used herein, the following definitions shall apply:

 

		2.1.	"Administrator"
                                         means the Board or the Committee, as shall administer the Plan, as set forth herein.

 

		2.2.	“Articles”
                                         mean the Company’s Articles of Association, as amended from time to time.

 

		2.3.	“Award”
                                         means a grant of Options, RSUs, Restricted Shares or SARs to a Participant as specified
                                         by the Board or the Committee.

 

		2.4.	"Board"
                                         means the Board of Directors of the Company.

 

		2.5.	"Committee"
                                         means the Company’s compensation committee, or in the case there is no such committee,
                                         a committee appointed in order to administer the Plan, and until such committee is appointed,
                                         the Board.

 

		2.6.	“Companies
                                         Law” means the Israeli Companies Law 5759 - 1999.

 

		2.7.	"Employee"
                                         means: (I) any person employed by the Company, a Related Entity or a Hevra Ma’avida
                                         (as such term is defined in Section 102); and (II) any Office Holder (as such term
                                         is defined in the Companies Law), officer or Director of the Company, a Related Entity
                                         or a Hevra Ma’avida.

 

		2.8.	“Exercise
                                         Price” means the price that is to be paid in order to exercise an Option or
                                         an SAR. Unless determined otherwise by the Board, the exercise price of an Option or
                                         SAR shall equal to the Market Value of the underlying Share as of the grant date.

 

		2.9.	“Group”
                                         means the Company and the Related Entities taken together.

 

		2.10.	“Market
                                         Value” means, as of a certain date, the last known closing price of the Company’s
                                         Shares on NASDAQ, or another method to determine Market Value as the Board shall determine.

 

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		2.11.	“Notice
                                         of Grant” means a written notice of the grant of an Award, accompanied by or
                                         incorporating an agreement between the Company and the Participant as to the terms and
                                         conditions of such Award, in such form as may be approved by the Committee.

 

		2.12.	"Option"
                                         means an option to purchase a Share according to the provisions of this Plan.

 

		2.13.	“Option
                                         Grant” means an Award of Options.

 

		2.14.	"Participant"
                                         means a person or entity that has been granted an Award.

 

		2.15.	“Related
                                         Entity” means any parent or subsidiary of the Company. In addition, Related
                                         Entity shall include any business, corporation, partnership, limited liability company
                                         or other entity in which the Company, or the Company’s parent or a subsidiary holds
                                         a substantial ownership and/or interest, directly or indirectly, and is determined by
                                         the Board to be a Related Entity.

 

		2.16.	“Restricted
                                         Share” means a Share issued subject to certain restrictions and conditions
                                         pursuant to this Plan.

 

		2.17.	“RSU”
                                         means a right to be issued a Share pursuant to the provisions of this Plan.

 

		2.18.	“Service
                                         Provider” means a person or entity who is engaged by the Company or a Related
                                         Entity to render services (e.g., consulting services, advisory services, development
                                         services, marketing and sale services or any other services, including suppliers) to
                                         the Company or a Related Entity.

 

		2.19.	"Share"
                                         means the Company’s Ordinary Share of NIS 1.00 par value, or that was issued following
                                         an exercise of an Option or RSU.

 

		2.20.	“SAR”
                                         means a right issued pursuant to this Plan to receive payments pursuant to and in accordance
                                         with the appreciation of Shares.

 

		2.21.	“Total
                                         Option Amount” means the amount of Options granted to a Participant in a single
                                         Option Grant.

 

		3.	ADMINISTRATION
                                         OF THE PLAN

 

		3.1.	Subject
                                         to the provisions of the Plan, any applicable law, the Articles and any other binding
                                         commitments of the Company, the Board or the Committee shall have the power and authority
                                         to administer the Plan. Such power and authority shall include, but not be limited to:
                                         (i) approval of Awards and the determination of the terms and provisions of respective
                                         Awards, including, the vesting schedules of the Options; the Exercise Price thereof;
                                         provisions concerning the time or times when and the extent to which Options may be exercised;
                                         the nature and duration of restrictions as to transferability; or any other special conditions
                                         relating to an Award (“Exercise Conditions”); (ii) the acceleration
                                         of any Participant’s right to exercise Options, in whole or in part; (iii) the
                                         interpretation of the provisions of the Plan; (iv) altering, amending or rescinding any
                                         resolution or act previously taken by the Committee; and (v) the determination of any
                                         other matter which is necessary or desirable for, or incidental to, the administration
                                         of the Plan, as set forth in the Plan.

 

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		3.2.	Notwithstanding
                                         the above, the Board shall have the power and authority to take any act the Committee
                                         is empowered and authorized to take, and to alter amend or rescind any act or resolution
                                         taken by the Committee.

 

		3.3.	The
                                         Committee shall consist of such number of directors as may be appointed by the Board.

 

		3.4.	The
                                         Board shall have the exclusive discretion and power to grant Awards. Such power may be
                                         delegated by the Board to the Committee subject to the provisions of the Companies Law.

 

		3.5.	All
                                         Committee resolutions and decisions, including the interpretation and construction of
                                         any provision of the Plan, shall be final and conclusive unless otherwise determined
                                         by the Board.

 

		3.6.	No
                                         member of the Board or of the Committee shall be held liable for any act or determination
                                         made in good faith with respect to the Plan or any Award.

 

		4.	SHARES
                                         RESERVED FOR THE PLAN

 

		4.1.	The
                                         Board may from time to time determine the number of Ordinary Shares from the Company’s
                                         authorized share capital to be reserved and subject to the Plan (the “Reserved
                                         Shares”).

 

		4.2.	Until
                                         termination of the Plan the Company shall at all times reserve sufficient number of Ordinary
                                         Shares in its authorized share capital to allow for the future issuance of all Reserved
                                         Shares that were not issued.

 

		4.3.	Without
                                         derogating from Section 4.2 above:

 

		4.3.1.	The
                                         Company need not reserve Shares with respect to Options or RSUs that terminated, expired
                                         or were canceled for any reason prior to exercise thereof.

 

		4.3.2.	If
                                         there are Reserved Shares, which remain unissued and which are not subject to outstanding
                                         Options or RSUs, then the Board may resolve to reduce such number, in its discretion.

 

		5.	DESIGNATION
                                         OF PARTICIPANTS; AWARDS

 

		5.1.	The
                                         Board may grant Awards to the following persons and entities:

 

		5.1.1.	Employees.

 

		5.1.2.	Service
                                         Providers and their employees.

 

		5.2.	Unless
                                         specified otherwise hereunder or determined otherwise by the Board or Committee, a Participant
                                         shall not be required to pay any consideration for an Award.

 

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		6.	VESTING;
                                         EXERCISE PERIOD 

 

		6.1.	Unless
                                         determined otherwise by the Committee or Board, upon approval of the Option Grant or
                                         thereafter, Options underlying an Option Grant shall vest over four years, commencing
                                         on the vesting commencement date (the "Vesting Commencement Date"),
                                         which shall be the grant date, unless otherwise determined by the Committee.

 

		6.2.	Unless
                                         determined otherwise by the Committee or Board, upon approval of the Option Grant or
                                         thereafter, the following shall apply:

 

25%
of the Total Option Amount shall vest on the first anniversary of the Vesting Commencement Date, and additional 25% of the Total
Option Amount shall vest on the last day of each three years period immediately after the first anniversary of the Vesting Commencement
Date.

 

If
as a consequence of the vesting schedule above a fraction of vested Option is created, then such fraction shall be rounded up
or down, as determined by the Board.

 

		6.3.	Notwithstanding
                                         anything to the contrary in this Plan, all Options shall terminate and not bestow any
                                         rights on their owner after seven years from the date the Options were granted. All Options
                                         that have not been exercised by such date shall expire immediately and the Participants
                                         shall not have any claim against the Company with respect thereto.

 

		6.4.	The
                                         period within which Options are exercisable shall be called the “Exercise Period”.
                                         Options which have not been exercised during the Exercise Period shall expire immediately,
                                         and will be automatically returned to the Options pool and may be re-allocated.

 

		7.	TERMINATION
                                         OF EMPLOYMENT WITH THE GROUP 

 

In
the event that the Participant is an Employee at the time of the Option Grant, whose employment with the Group was subsequently
terminated, for whatever reason but subject to Section 7.6 (including but not limited to (i) dismissal of a Participant or (ii)
a Participant’s resignation, or (iii) death of a Participant or (iv) disability of a Participant), then the following provisions
shall apply:

 

		7.1.	The
                                         date on which employment was terminated under applicable labor laws, or, in the case
                                         an Employee is not an employee under applicable labor laws the date in which such Employee
                                         ceases to be an Employee as defined in the Plan, shall be deemed the date in which such
                                         Employee’s employment was terminated (“Employment Termination Date”).

 

		7.2.	On
                                         the Employment Termination Date all Options that are not vested shall immediately expire.

 

		7.3.	Unless
                                         Participant's termination of employment is due to the Participant's death, then the Participant
                                         will be entitled to exercise all, or part of, the vested Options that have not expired,
                                         for a period of ninety (90) days after the Employment Termination Date. After such ninety
                                         days period, all unexercised Options will automatically expire.

 

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		7.4.	Notwithstanding
                                         the above, in the event of termination of employment due to the Participant's death or
                                         Disability, the Participant (if applicable) or Participant's estate, or other person
                                         who acquired the right to exercise the Options by way of bequest or inheritance, may,
                                         but only within six (6) months after the date of such death or the Employment Termination
                                         Date (in the case of Disability), exercise all, or part of, the vested Options that have
                                         not expired. After such six (6) months period, all unexercised options shall automatically
                                         expire.

 

For
purposes of this Section 7.4, "Disability" shall mean the inability in 100%, due to illness or injury, to engage in
any gainful occupation for which the individual is suited by education, training or experience, which condition continues for
at least six (6) months.

 

		7.5.	Notwithstanding
                                         Section 7.3 above, all Options granted to an Employee (whether vested or unvested) will
                                         immediately expire if the termination of the Participant’s employment is due to
                                         Participant’s breach of his/her employment agreement (whether written or oral)
                                         including without limitation, a breach of non compete obligations, or breach of his/her
                                         fiduciary duties towards the Company or a Related Entity as determined by the Committee
                                         or the Board, in their sole discretion, or in the case that competent court or other
                                         authority resolves that such employee is not entitled to discharge compensation.

 

		7.6.	For
                                         the purposes of this Plan, the Committee or Board is authorized to determine if and when
                                         a Participant terminated his/her employment with the Company, and due to what reason,
                                         subject to the provisions of Israeli labor laws with respect to Israeli employees.

 

		7.7.	The
                                         Committee or the Board shall be entitled, prospectively and retroactively, to extend
                                         the periods in which Options (either vested or unvested) do not expire and remain exercisable
                                         after the Employment Termination Date.

 

		8.	TERMINATION
                                         OF ENGAGEMENT WITH THE GROUP 

 

In
the event that a Participant is not an Employee, and the agreement of such Participant with the Group is terminated, then, unless
otherwise specified in the Notice of Grant, or otherwise determined by the Committee, on the date of such termination, all Options
that have not vested by then shall expire and the vested options shall remain exercisable as specified in sections 7.3, 7.4 or
7.5, as the case may be, which shall apply mutatis mutandis to such Participant (where if such Participant has more than
one agreement with the Group, then the foregoing shall apply to the Options underlying the terminated agreement or issued in connection
therewith). Section 7.7 shall apply mutatis mutandis, on this Section 8.

 

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		9.	ADJUSTMENTS

 

		9.1.	Merger,
                                         Sale of the Company or Sale of the Company’s Assets

 

In
the event of a merger of the Company into another corporation, in a way that the Company shall no longer continue to exist as
a legal entity subsequent to such merger, the sale of all, or substantially all of the Company’s issued and outstanding
shares to a third party or the sale of all, or substantially all of the assets of the Company (each, a “Transaction”),
then the following provisions shall apply:

 

		9.1.1.	Subject
                                         to the consent of the successor corporation, each outstanding Option shall be assumed
                                         by and exercisable in accordance mutatis mutandis with such Option's terms into
                                         shares of the successor corporation, or an equivalent option shall be substituted by
                                         the successor corporation or a parent or subsidiary of the successor corporation.

 

		9.1.2.	The
                                         Committee may provide, with respect to one or more Awards, that the vesting of such Award
                                         shall accelerate, with respect to some, or all, of the securities underlying such Award
                                         as the Committee may determine in its sole discretion.

 

		9.1.3.	If
                                         Section 9.1.1 does not apply, the Committee may notify the Participants that all Options
                                         that are exercisable shall remain so for a period of no less then seven (7) days from
                                         the date of such notice, and that all Options will terminate upon the expiration of such
                                         period. In any case, the Committee further may, at its sole discretion – (i) condition
                                         the termination of all said Options upon consummation of the Transaction; (ii) provide
                                         for Participants to condition the exercise of all or part of said Options upon consummation
                                         of the Transaction; and (iii) provide for the Participant to have the right to exercise
                                         the Options as to all, or part of the Shares, including certain Shares as to which it
                                         would not otherwise be exercisable.

 

		9.2.	Bonus
                                         Shares

 

In
the event that the Company issues any of its shares as bonus shares to all its shareholders, on a pro rata basis, then the number
of Shares received upon exercise of certain Options shall be increased to the number of Shares the Participant would have held
after the issuance of the bonus shares had such Participant exercised such Options immediately before the issuance of the bonus
shares.

 

		9.3.	Reorganization;
                                         Separation

 

If
the Company is separated, reorganized, or consolidated with another corporation (other than as part of a Transaction) while Options
or other Awards which were not yet exercised remain outstanding under this Plan, the Company shall use reasonable efforts to maintain
the rights of each Participant through such separations, reorganizations or consolidations, or compensate the Participant for
such event in lieu of the Options such Participant holds. The Committee, at its sole discretion, shall determine what steps shall
be taken according to this section 9.3.

 

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		9.4.	Changes
                                         in Capitalization

 

If
the outstanding shares of the Company shall at anytime be changed or exchanged by declaration of a share split, reverse share
split, combination or reclassification of Ordinary Shares, or any other increase or decrease in the number Company’s Ordinary
Shares effected without receipt of consideration by the Company from the shareholders, then the number, class and kind of Shares
subject to this Plan or subject to any Awards therefore granted, and the Exercise Prices of the Options or other Awards, shall
be appropriately and equitably adjusted so as to maintain the proportionate number of Shares without changing the aggregate Exercise
Prices of the Options (except in case the Exercise Price is equal to the par value of the shares, in which case the Exercise Price
will be increased respectively), and making comparable changes to Awards that are not Options, as the Board deems appropriate.
However no adjustment shall be made by reason of the distribution of subscription rights on outstanding shares, or conversion
of securities into shares of the Company.

 

		9.5.	Other
                                         terms and conditions

 

		9.5.1.	The
                                         allocation of each Option Grant or other Award hereunder is subject to the relevant Participant’s
                                         agreement to sign any document he/she is required to sign pursuant to the provisions
                                         of this section 9. If a Participant refuses to sign any such documents, the Committee
                                         or Board may determine that the Options or other Award held by the Participant or by
                                         a trustee for such Participant’s benefit shall immediately expire.

 

		9.5.2.	Such
                                         adjustments as mentioned in this Section 9 shall be made by the Committee, whose determination
                                         in such respect shall be final, binding and conclusive.

 

		10.	ASSIGNABILITY
                                         AND SALE OF OPTIONS

 

No
Option shall be assignable, transferable, given as collateral, hypothecated pledged or encumbered and no right with respect to
the Options shall be given to any third party whatsoever, and during the lifetime of each Participant, each and all of such Participant’s
rights to purchase Shares hereunder shall be exercisable only by such Participant.

 

		11.	TERM
                                         AND EXERCISE OF OPTIONS

 

		11.1.	Options
                                         shall be exercised by a Participant by giving written notice to the Company, in such
                                         form and method as may be determined by the Company from time to time (the “Exercise
                                         Notice”).

 

		11.2.	The
                                         Exercise Price shall be payable upon the exercise of the Option in the following acceptable
                                         forms of payment:

 

		11.2.1.	By
                                         cash, check or wire transfer;

 

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		11.2.2.	Using
                                         a cashless exercise, or net exercise method, as the Committee may authorize in its sole
                                         discretion; or

 

		11.2.3.	Such
                                         other form or method satisfactory to the Committee.

 

		11.3.	The
                                         Exercise Price will be paid in NIS, or if the Exercise Price is fixed in U.S. dollars,
                                         in U.S. dollars or in accordance with the representative rate of exchange of the U.S.
                                         dollar, last published by the Bank of Israel at the time of actual payment, or as provided
                                         for by the Company.

 

		11.4.	Each
                                         Participant will be entitled to exercise, upon signing the Exercise Notice and any additional
                                         documents as required by the Company, and paying the Exercise Price, all, or part of
                                         the Options that are vested at the Exercise Period.

 

		11.5.	Options
                                         shall not be deemed exercised unless: (I) the Company receives duly signed Exercise Notice
                                         including all relevant details; and (II) the Company receives the Exercise Price.

 

		11.6.	The
                                         Options may be exercised only to purchase whole Shares, and in no case may a fraction
                                         of a Share be purchased. If any fractional Shares would be deliverable upon exercise,
                                         such fraction shall be rounded up or down, to the nearest whole number. Half of a Share
                                         will be rounded up.

 

		11.7.	Each
                                         Option granted under this Plan shall be exercisable during the Exercise Period. Subject
                                         to adjustments, as set forth in Section 9 above, the exercise of one Option shall entitle
                                         the Participant to hold one Share.

 

		11.8.	Without
                                         derogating from any restrictions mentioned hereinabove, the exercise of the Options is
                                         being subject to the following terms, restrictions and conditions as may be in effect
                                         on the time of the exercise of the Options is requested: (i) any applicable law or regulation;
                                         (ii) any order or limitation set by any stock exchange in which the Company’s securities
                                         may be traded (e.g., blackout periods and lock up); and (iii) any limitation undertaken
                                         by the Company with respect of the shares of the Company, including limitations set forth
                                         by Company’s underwriters. Such period of restriction of sale or exercise shall
                                         not be counted as part of the applicable exercise period.

 

		11.9.	Notwithstanding
                                         the foregoing, starting as of the Employment Termination Date of a Participant and during
                                         the period that the vested Options are exercisable, the Company shall be entitled (subject
                                         to the provisions of applicable law) to purchase the vested Options held by such Participant
                                         by sending the Participant a purchase notice (the "Purchase Notice").
                                         The purchase price of each Option shall be the Market Value of an Ordinary Share less
                                         the Exercise Price of the Option. The Committee or the Board shall be entitled to establish
                                         further processes for the purchase of the Options as set forth above, provided, however,
                                         that if the Company receives the Participant’s Exercise Notice prior to the receipt
                                         of the Purchase Notice from the Company, then the Company’s right to purchase the
                                         said Options shall become null and void and the Participant may exercise the vested Options
                                         pursuant to their terms.

 

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		12.	RIGHTS
                                         AND OBLIGATIONS ATTACHED TO THE SHARES

 

		12.1.	No
                                         Participant shall have any of the rights or privileges of a shareholder of the Company
                                         with respect to any of the Shares, unless and until, following exercise, the registration
                                         of the Participant as holder of such Shares in the Company’s register of members
                                         is duly completed.

 

		12.2.	The
                                         rights and obligations attached to the Shares will be as set forth in the Articles. The
                                         Shares may be subject to rights of first refusal, co-sale rights and other rights specified
                                         in the Articles.

 

		12.3.	The
                                         Participant waives any of the following rights to the extent such rights are attached
                                         to the Shares: (i) pre-emptive rights in relation to issuance of new securities in the
                                         Company; (ii) rights of first refusal in relation with any sale of shares of the Company;
                                         (iii) co-sale rights in relation with any sale of shares of the Company.

 

		12.4.	Without
                                         derogating from any restrictions mentioned hereinabove, by accepting an Option Grant
                                         or other Award each Participant agrees that the sale or disposal of Shares is subject
                                         to the following terms, restrictions and conditions as may be in effect on the time when
                                         such sale or disposal is requested: (i) any applicable law or regulation; (ii) any order
                                         or limitation set by any stock exchange in which the Company’s securities may be
                                         traded (e.g., blackout periods, and lock up after an initial public offering); and (iii)
                                         any limitation undertaken by the Company with respect of the shares of the Company, including
                                         limitations set forth by Company’s underwriters.

 

		12.5.	By
                                         accepting an Option Grant or other Award, each Participant agrees to sign any document
                                         and approve any resolution or restriction upon the Shares, or modify the terms of allocation
                                         of the Shares, if such Participants signature or approval or such restriction or modification
                                         were reasonably required, in the Committee’s discretion, in order to facilitate
                                         the Company in meeting all the underwriters and stock exchange demands and all applicable
                                         securities and corporate laws and regulations.

 

		12.6.	The
                                         Participant shall not sell, pledge, transfer or otherwise dispose of any Shares in transactions
                                         which violate, according to the Company’s sole discretion, any applicable laws,
                                         rules and regulations, or the Articles.

 

		13.	RESTRICTED
                                         SHARE UNITS

 

		13.1.	RSUs
                                         may be granted upon such terms and conditions as the Board or the Committee shall determine,
                                         including vesting terms.

 

		13.2.	Subject
                                         to Section 13.3 herein, Shares subject to an RSU shall be issued automatically upon the
                                         vesting thereof.

 

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		13.3.	Unless
                                         otherwise determined by the Board, whether at the time of the grant or otherwise (and
                                         subject to meeting any requirement of applicable law regarding issuance of Shares for
                                         consideration lower than their nominal value), upon vesting of an RSU Participant shall
                                         be required to pay Company the par value of the underlying Shares.

 

		13.4.	Unless
                                         determined otherwise by the Committee or the Board, as applicable, all other terms and
                                         conditions of the Plan applicable to Options, shall apply to RSUs, mutatis mutandis.

 

		14.	RESTRICTED
                                         SHARES

 

		14.1.	Restricted
                                         Shares may be granted upon such terms and conditions as the Board or the Committee shall
                                         determine.

 

		14.2.	Unless
                                         otherwise determined by the Board (subject to meeting any requirement of applicable law
                                         regarding issuance of Shares for consideration lower than their nominal value), a grantee
                                         of Restricted Shares shall pay the par value of such shares upon their grant. Restricted
                                         Shares shall bestow upon Participant such rights and obligations attached to the Shares
                                         under the Articles, provided that, until realization of the applicable Exercise Conditions
                                         with respect to a Restricted Share (the “Restriction Period”), the
                                         Restricted Share, and any security or asset granted to Participant on account of such
                                         Restricted Share (other than cash dividends) may not be sold, exchanged, transferred,
                                         pledged, assigned or otherwise disposed of unless otherwise provided for in the Plan. 

 

For
the avoidance of doubt, upon realization of the applicable Exercise Conditions with respect to a Share, such Share shall no longer
be deemed a “Restricted Share”.

 

		14.3.	Unless
                                         otherwise determined by the Board, in the event Participant’s engagement with or
                                         employment by the Group is terminated, for whatever reason (including but not limited
                                         to (i) dismissal of a Participant, or (ii) a Participant’s resignation, or (iii)
                                         death of a Participant, or (iv) disability of a Participant), any Restricted Shares held
                                         by Participant upon the Employment Termination Date, and any security or asset granted
                                         to Participant on account of such Restricted Share (other than cash dividends), shall
                                         be forfeited by Participant to the Company.

 

		14.4.	Company
                                         shall have the authority to endorse upon the certificate or certificates representing
                                         Restricted Shares such legends referring to the foregoing restrictions, and any other
                                         applicable restrictions, as it may deem appropriate (and which do not violate the Participant's
                                         rights according to this Plan).

 

		14.5.	Unless
                                         determined otherwise by the Committee or the Board, as applicable, all other terms and
                                         conditions of the Plan applicable to Options, shall apply to Restricted Shares, mutatis
                                         mutandis.

 

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		15.	SHARE
                                         APPRECIATION RIGHTS

 

		15.1.	SARs
                                         may be granted upon such terms and conditions as the Board or the Committee shall determine.

 

		15.2.	SARs
                                         shall be exercisable at such time or times, or upon such event or events, and subject
                                         to such terms, conditions, performance criteria and restrictions as shall be determined
                                         by the Board or the Committee and set forth in the Notice of Grant evidencing such SAR;
                                         provided, however, that no SAR shall be exercisable after the expiration of six (6) years
                                         after the effective date of grant of such SAR.

 

		15.3.	Upon
                                         the exercise of an SAR, Participant shall be entitled to receive a lump sum payment equal,
                                         for each SAR exercised, to (a) the Market Value on the date of exercise less (b) the
                                         Exercise Price set forth in the Notice of Grant. Payment shall be made in Shares (based
                                         on said Market Value) or, if so determined by the Board or the Committee, in cash.

 

		15.4.	Unless
                                         determined otherwise by the Committee or the Board, as applicable, all other terms and
                                         conditions of the Plan applicable to Options, shall apply to SARs, mutatis mutandis.

 

		16.	TERM
                                         OF THE PLAN

 

This
Plan shall be effective for a term of 10 years as of January 14, 2015, which is the day it was adopted by the Board and
shall terminate when all the Options are exercised into Shares or expired in accordance with the provisions of this Plan or
such other date as shall be determined by the Board.

 

		17.	AMENDMENTS;
                                         TERMINATION

 

		17.1.	The
                                         Board may, at any time and from time to time, amend, alter or terminate the Plan, provided,
                                         however, that the rights of the Participants shall not be adversely affected, unless
                                         such Participants agreed to such amendment, alteration or termination.

 

		17.2.	The
                                         Plan may be terminated at any time by an action of the Board, but any such termination
                                         will not terminate any Options granted under this Plan, which are then outstanding, without
                                         the consent of the Participant that is holding such Options.

 

		18.	BINDING
                                         EFFECT

 

The
provisions of the Plan shall be binding upon the heirs, executors, administrators, and successors of the Participants.

 

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		19.	GOVERNMENT
                                         REGULATIONS AND OTHER RESTRICTIONS

 

		19.1.	This
                                         Plan, the Grant Notice Awards, the grant and exercise of Awards hereunder, the obligation
                                         of the Company to issue Shares, and any other act or obligation of the Company or any
                                         related individual or entity acting in connection with this Plan are all subject to the
                                         Articles, all applicable laws, rules, and regulations, whether of the State of Israel
                                         or of the United States or any other state having jurisdiction over the Company and any
                                         Participant.

 

		19.2.	By
                                         accepting an Option Grant, each Participant agrees not to sell, pledge, transfer or otherwise
                                         dispose of any of the Shares such Participant may hold except in compliance with: (I)
                                         the United States Securities Act of 1933, as amended, and the rules and regulations thereunder
                                         if applicable; and (II) the Israeli Securities Law 5728 – 1968; and (III) any other
                                         applicable securities law, regulations or other rules set by any stock exchange in which
                                         the Company's securities may be traded; and to further agree that certificates evidencing
                                         any of such Shares shall bear appropriate legend to reflect such restrictions. The Company
                                         does not obligate itself to register any shares under the United States Securities Act
                                         of 1933, as amended or any other securities laws.

 

		20.	TAX
                                         CONSEQUENCES, INDEMNIFICATION

 

		20.1.	Any
                                         tax consequences (pursuant to Israeli or any other applicable law that the relevant Participant
                                         is subject to), including tax consequences due to adjustments, made in accordance with
                                         Section 9 above, arising from the grant or exercise of any Option, the payment for Shares
                                         covered thereby, or any other event or act (of the Company or any Participant) relating
                                         to the Plan, shall be borne solely by each Participant.

 

		20.2.	The
                                         Company and/or the Board and/or the Committee and/or a trustee for the Plan shall not
                                         be required to release any Share certificates or transfer any Shares to a Participant
                                         until all required tax payments have been fully made.

 

		20.3.	The
                                         Company may withhold taxes according to the requirements under the applicable laws, rules,
                                         and regulations, including withholding taxes at source. In the case that applicable law
                                         requires so, the Company shall deduct taxes at source. Such deduction may be made from
                                         any proceeds attributed to the exercise of the Options and sale of Shares, or from any
                                         proceeds the Participant is entitled to receive from the Group or other proceeds such
                                         Participant owns and are held by the Group, including from Participant’s salary
                                         or other proceeds he/she is entitled to receive from the Company or a Related Entity.
                                         It is explicitly stated herein that each Participant who is an Employee, by accepting
                                         an Option Grant agrees to the deduction from his/her salary of any amounts that in the
                                         Company’s determination are required to be deducted under applicable law in connection
                                         with the Plan. In any such case, the Company shall be entitled to offset any amounts
                                         due to such Participant on account of such taxes.

 

		20.4.	In
                                         the case that the Company, or any other person on its behalf is required to pay taxes,
                                         that under applicable law should have been paid by the Participant, then such Participant
                                         shall immediately either pay such tax, or, if such tax was already paid, reimburse the
                                         Company, or such other person for the total amount paid.

  

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		20.5.	Neither
                                         the Company, nor any Related Entity nor anyone on their behalf, shall give, or be deemed
                                         to be giving any Participant, or a potential Participant, advice regarding tax consequences
                                         relating to the Plan and issuance of securities thereunder. Each Participant shall rely
                                         solely, while considering participation in the Plan, on the advice of such Participant’s
                                         consultants.

 

		20.6.	In
                                         this Paragraph (20) the terms "tax consequences" and "tax" include
                                         without limitation, with respect to persons subject to Israeli taxation, national insurance
                                         payments in accordance with the National Insurance Law 5755 – 1995, and health
                                         insurance payments, in accordance with the National Health Insurance Law, 5754-1994.

 

		21.	CONTINUANCE
                                         OF EMPLOYMENT OR ENGAGEMENT

 

Neither
the Plan nor any Option Grant shall be construed to impose any obligation on any entity included in the Group to continue any
Participant’s employment with it (in the case that the Participant is an Employee) or to maintain any business engagement
with such Participant. Nothing in the Plan or in any Option Grant shall confer upon any Participant any right to continue to be
employed by the Group or to maintain any other business engagement with it, or restrict the right of any entity included in the
Group to terminate such employment or business engagement at any time.

 

		22.	RULES
                                         PARTICULAR TO SPECIFIC COUNTRIES

 

		22.1.	Notwithstanding
                                         anything herein to the contrary, the terms and conditions of the Plan may be amended
                                         with respect to particular types of Participants as determined by the Board (for example,
                                         Israeli employees, employees that are subject to US taxation) by an addendum to the Plan
                                         (the “Appendix”).

 

		22.2.	The
                                         Company may adopt one or more Appendixes. Each Appendix shall be approved by the Board
                                         and as required or advisable under applicable law.

 

		22.3.	The
                                         terms of an Appendix shall govern only with respect to the types of Participants specified
                                         in such Appendix.

 

		22.4.	In
                                         the case that the terms and conditions set forth in an Appendix conflict with any provisions
                                         of the Plan, the provisions of the Appendix shall govern with respect to Participants
                                         that are subject to such Appendix, provided, however, that such Appendix shall not be
                                         construed to grant the Participants rights not consistent with the terms of the Plan,
                                         unless specifically provided in such Appendix.

 

		23.	NON-EXCLUSIVITY
                                         OF THE PLAN

 

		23.1.	The
                                         adoption of the Plan by the Board shall not be construed as amending, modifying or rescinding
                                         any previously approved incentive arrangements or as creating any limitations on the
                                         power of the Board to adopt such other incentive arrangements as it may deem desirable,
                                         including, without limitation, the granting of Options other than under this Plan, and
                                         such arrangements may be either applicable generally or only in specific cases.

 

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		23.2.	The
                                         grant of Options hereunder shall neither entitle the recipient thereof to participate,
                                         nor disqualify him from participating in, any other grant of Options pursuant to this
                                         Plan or any other option or stock plan of the Company.

 

		24.	MULTIPLE
                                         AGREEMENTS; OTHER CORPORATE ACTIONS

 

		24.1.	The
                                         terms of each Option Grant may differ from other Options Grants granted under the Plan
                                         at the same time, or at any other time. The Board may also grant more than one Option
                                         Grant to a certain Participant during the term of this Plan, either in addition to, or
                                         in substitution for, one or more Option Grants previously granted to such Participant.

 

		24.2.	Under
                                         no circumstances shall the Plan be construed to grant any right to a Participant, or
                                         any other third party, to postpone, delay or affect any corporate action resolved by
                                         the Company.

 

		25.	GOVERNING
                                         LAW & JURISDICTION

 

This
Plan shall be governed by, construed and enforced in accordance with the laws of the State of Israel, without giving effect to
the principles of conflict of laws. Any dispute or claim shall be put to the Board’s resolution. Subject to the above, the
competent courts of Tel-Aviv, Israel shall have sole jurisdiction in any matter pertaining to this Plan, and any other issue related
to it.

 

		26.	NO
                                         WAIVER

 

The
failure of the Company or any other party acting on its behalf or assisting it in implementing the Plan to enforce at any time
any provisions of the Plan shall not be construed to constitute a waiver of such provision or of any other provision hereof.

 

		27.	NOTICES

 

		27.1.	Any
                                         notice, request, demand or other communication required or permitted under the Plan shall
                                         be in writing and shall be deemed to have been duly given, made and received only by
                                         personal delivery or if sent by certified mail, postage prepaid, return receipt requested,
                                         overnight delivery service, facsimile transmission (with confirmation of delivery), or
                                         confirmed e-mail to the address of the Company (if sent to the Company), or to the address
                                         of the Participant as such was provided by him in the Notice of Grant, unless such address
                                         is changed by written notice received by the Company.

 

		27.2.	Except
                                         as otherwise set forth herein, any notice sent by mail shall be deemed to be given six
                                         days after deposit with the relevant post service; any notice sent by overnight delivery
                                         service shall be deemed given the first business day after deposited with the delivery
                                         service; and any notice sent by facsimile transmission or e-mail, shall be deemed given
                                         when transmitted if sent during normal business hours or if not, on the next business
                                         day; and any notice given by personal delivery shall be deemed given on the date of delivery.

 

		27.3.	In
                                         the case a certain Participant changes his or her contact details, in a way that the
                                         contact details provided to the Company by him do not enable the Company to provide notices
                                         and other communications to such Participant, then such Participant shall be deemed to
                                         have waived his or her right to receive any notices, and the Committee shall have the
                                         right, in its sole discretion, to take any appropriate action under the circumstances.

 

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Appendixes

 

Appendix
A: Terms of grant of Awards to Israeli employees

 

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Appendix
A

 

Terms
of grant of Awards to Israeli employees

 

		1.	Purpose
                                         of the Appendix 

 

		1.1.	This
                                         Appendix (the “Appendix”) is made as part of the Plan (as defined
                                         herein whereas all terms not otherwise defined herein shall have the meaning ascribed
                                         to them in the Plan) and pursuant to the provisions of Section 102 of the Income Tax
                                         Ordinance (as defined herein).

 

		1.2.	This
                                         Appendix governs grants of Awards to Israeli Employees, either by a Trustee, or without
                                         a Trustee.

 

		2.	Definitions

 

As
used herein, the following definitions shall apply:

 

		2.1.	“Capital
                                         Gain Method” means choosing the alternative of capital gain method under Section
                                         102.

 

		2.2.	“Eligible
                                         Participant” means any employee as such term is defined in Section 102. Without
                                         derogating from the foregoing Eligible Participant shall include any employee or Office
                                         Holder (as such term is defined in the Companies Law) of the Company or any Subsidiary
                                         except for such persons that are deemed to be ‘Ba’al Shlita’
                                         under Section 32 to the Income Tax Ordinance.

 

		2.3.	"Deposit
                                         Date" means the date in which Awards were deposited with the Trustee for the
                                         benefit of a certain Participant.

 

		2.4.	“Income
                                         Tax Authorities” mean the Israeli income tax authorities that are authorized
                                         to give approvals in relation with this Appendix and Awards to Eligible Participants.

 

		2.5.	“Income
                                         Tax Ordinance” means the Israeli Income Tax Ordinance (New Version) 1961, as
                                         amended from time to time.

 

		2.6.	“Labor
                                         Income Method” means choosing the alternative of labor income method under
                                         Section 102.

 

		2.7.	“Participant”
                                         means any Eligible Participant who is granted with an Award.

 

		2.8.	“Plan”
                                         means the 2015 Incentive Equity Plan this Appendix is attached to.

 

		2.9.	“Realization
                                         Event” means, with respect to each Award granted to a certain Participant,
                                         the earlier to occur of: (I) transfer of Securities from the Trustee to such Participant;
                                         or (II) the sale of Shares by the Trustee; or (III) one day before such Participant is
                                         no longer an Israeli resident (as provided for in Section 100A to the Income Tax Ordinance).

 

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		2.10.	“Release
                                         Term” means: (i) in the case of Capital Gains Method, a period ending twenty
                                         four (24) months after the Deposit Date; (ii) In the case of Labor Income Method ‘Release
                                         Term’ shall mean a period ending twelve (12) months after the Deposit Date.

 

		2.11.	“Section
                                         102” means Section 102 to the Income Tax Ordinance as amended from time to
                                         time, and / or as superseded and any rules regulations or instructions promulgated or
                                         enacted under such Section 102.

 

		2.12.	“Securities”
                                         mean Options, Restricted Shares and RSUs subject to a certain Award and Shares received
                                         subsequent to exercise of Options and RSUs.

 

		2.13.	“Tax
                                         Method” means either Capital Gains Method or Labor Income Method.

 

		2.14.	“Trust”
                                         means a trust, maintained under the Trust Agreement entered into between the Company
                                         and the Trustee for administration of grant of Awards under Section 102.

 

		2.15.	“Trust
                                         Agreement” means the agreement between the Company and the Trustee as may be
                                         in effect from time to time specifying the duties and authorities of the Trustee.

 

		2.16.	“Trust
                                         Assets” mean all Securities and other assets held in Trust for the benefit
                                         of the Participants pursuant to this Appendix and the Trust Agreement

 

		2.17.	“Trustee”
                                         means ESOP Trust Company (and any successor Trustee) who was, or shall be appointed by
                                         the Board of Directors of the Company and approved by the Income Tax Authorities to hold
                                         the Trust Assets.

 

		3.	Provisions
                                         of the Appendix shall govern

 

The
provisions of the Appendix shall supersede and govern in the case of any inconsistency or conflict arising between the provisions
of the Appendix and the provisions of the Plan, provided, however, that this Appendix shall not be construed to grant Participant
rights not consistent with the terms of the Plan, unless specifically provided herein.

 

		4.	Selection
                                         of Tax Method – Capital Gains Method

 

The
Company chooses the Capital Gain Method (‘Maslul Revach Hon’). This choice may be changed in the future, by
a Board resolution, provided, however, that the change in selection is permissible under the provisions of Section 102.

 

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		5.	Holding
                                         of Securities by the Trustee 

 

		5.1.	All
                                         Securities shall be issued to the Trustee to be held in the Trust for the benefit of
                                         the relevant Participants. All certificates representing Securities issued to the Trustee
                                         under this Appendix shall be deposited with the Trustee, and shall be held by the Trustee
                                         until such time that such Awards or Shares are released from the Trust as herein provided.

 

		5.2.	After
                                         the Release Term is over, a Participant shall be entitled to instruct the Trustee to
                                         transfer the Shares held for such Participant’s benefit to such Participant, provided,
                                         however, that the Trustee confirms that all applicable tax as set in Section 102 was
                                         actually paid and the Trustee holds a confirmation to that effect from Income Tax Authorities.

 

		5.3.	In
                                         the case that the Company distributes dividends, than the amount of dividends with respect
                                         of Shares held in Trust shall be paid to the Participants that are the beneficial holders
                                         of such Shares, subject to deduction at source of the applicable tax.

 

		6.	Provisions
                                         governing this Appendix and Plan 

 

Notwithstanding
anything to the contrary in the Plan or elsewhere in this Appendix:

 

		6.1.	The
                                         Plan shall have one, sole, Trustee.

 

		6.2.	The
                                         Appendix shall be subject to one Tax Method, unless the provisions of Section 102 allow
                                         otherwise.

 

		6.3.	The
                                         Participants shall not be entitled to cause a Realization Event to occur unless the Release
                                         Term is fulfilled.

 

		6.4.	All
                                         rights or benefits that are received subsequent to the grant or exercise the Awards or
                                         the Shares underlying such Awards (including and not limited to bonus shares) shall be
                                         deposited with the Trustee until the end of the Release Term, and all such rights and
                                         benefits shall be subject to the Tax Method selected by the Company.

 

		7.	Effectiveness
                                         of the Appendix

 

This
Appendix shall become effective, and Awards may be granted hereunder only after receipt the required approvals under Section 102
from the Income Tax Authorities.

 

		8.	Additional
                                         limitations 

 

		8.1.	The
                                         Company shall not issue Awards to a Participant unless such Participant confirmed in
                                         writing that he/she is aware of the provisions of Section 102 and the applicable Tax
                                         Method, and such Participant agreed in writing to the terms of the Trust Agreement, and
                                         that he/she shall not cause a Realization Event to occur before the Release Term is over.
                                         The form for the above confirmation shall be determined by the Committee, and shall be
                                         attached to the Plan as Exhibit A.

 

		8.2.	By
                                         accepting an Award, each Participant agrees irrevocably to discharge the Trustee, the
                                         Company and any other office holder, employee or agent thereof from any liability with
                                         respect of any action or decision duly taken and bona fide executed in relation
                                         with the Plan, or relating to any Award or Shares.

 

		9.	Grant
                                         of Awards not by a Trustee

 

Notwithstanding
the above, the Company shall be entitled to allocate Awards not according to the Tax Methods, but by direct grant to Participants,
provided, however, that the requirements of Section 102 are met. 

 

CompuLab Ltd. – 2015 Incentive Equity PlanExhibit 10.2

 

INDEMNIFICATION
AGREEMENT

 

This
Indemnification Agreement (this “Agreement”),
dated as of December __, 2012, is entered into by CompuLab Ltd., an Israeli company (the “Company”),
and ____________, an individual with an address at ________________ (“Indemnitee”).

 

Indemnitee
is or has been appointed as a director or office holder of the Company, and in order to enhance Indemnitee’s services to
the Company in an effective manner, the Company desires to provide hereunder for Indemnitee’s indemnification to the fullest
extent permitted by law.

 

The
Company and Indemnitee hereby agree as follows:

 

1.
The Company hereby undertakes to indemnify Indemnitee to the maximum extent permitted by the Companies Law – 1999 (the “Companies
Law”) for any liability and expense that may be imposed upon Indemnitee due to an act
performed or failure to act by Indemnitee in Indemnitee's capacity as a director or office holder in respect of the following:

 

1.1
any financial obligation imposed on Indemnitee in favor of another person (excluding the Company or a subsidiary of the Company
("Subsidiary"),
directly or by way of a derivative action) by, or expended by Indemnitee as a result of, a court judgment, including a settlement
or an arbitrator’s award approved by court, in respect of any act or omission (“action”)
taken or made by Indemnitee in Indemnitee’s capacity as a director or office holder of the Company or of any Subsidiary;

 

1.2
all reasonable litigation expenses, including attorneys’ fees, expended by Indemnitee or charged to Indemnitee by a court,
in a proceeding instituted against Indemnitee by the Company or on its behalf or by another person, or in any criminal proceedings
in which Indemnitee are acquitted, or in any criminal proceedings in which Indemnitee are convicted of a crime which does not
require proof of mens rea (criminal intent), all in respect of actions taken by Indemnitee in Indemnitee’s capacity
as a director or officer of the Company or of any Subsidiary; and

 

1.3
all reasonable litigation expenses, including attorneys’ fees, actually expended by Indemnitee due to (i) an investigation
or a proceeding conducted against Indemnitee by an authority qualified to conduct such investigation or proceeding, where such
investigation or proceeding is Concluded Without The Filing Of An Indictment (as defined in the Companies Law) against Indemnitee
and without the imposition on Indemnitee of any Financial Obligation In Lieu of Criminal Proceedings (as defined in the Companies
Law), or that is Concluded Without The Filing Of An Indictment against Indemnitee but with the imposition on Indemnitee of a Financial
Obligation In Lieu Of Criminal Proceedings with respect to a crime that does not require proof of mens rea (criminal intent),
(ii) in connection with a monetary sanction ("Itzum Caspi"), all in respect of actions taken by Indemnitee in
Indemnitee’s capacity as a director or office holder of the Company or of any Subsidiary. 

 

2.
Notwithstanding the aforesaid, the Company will not indemnify Indemnitee for any amount Indemnitee may be obligated to pay in
respect of:

 

2.1
a breach of Indemnitee’s duty of loyalty to the Company or a Subsidiary, except, to the extent permitted by the Companies
Law, for a breach of a duty of loyalty to the Company or a Subsidiary while acting in good faith and having reasonable cause to
assume that such act would not prejudice the interests of the Company or a Subsidiary;

 

2.2
a willful breach of Indemnitee’s duty of care or reckless disregard for the circumstances or to the consequences of a breach
of Indemnitee’s duty of care to the Company or a Subsidiary;

 

2.3
an action taken or omission by Indemnitee with the intent of unlawfully realizing personal gain;

 

2.4 a fine, penalty,
monetary sanction or ransom levied on Indemnitee.

 

    

     

    

 

2.5
With respect to proceedings or claims initiated or brought voluntarily by Indemnitee against the Company or a Subsidiary, other
than by way of defense or by way of third party notice to the Company or a Subsidiary in connection with claims brought against
Indemnitee, except: (i) with respect to proceedings brought to establish or enforce a right to indemnification under this Agreement
or any other agreement, or insurance policy or under the Company's Memorandum or Articles of Association now or hereafter in effect
relating to Claims for indemnifiable events, or (ii) in specific cases if the Board of Directors has approved the initiation or
bringing of such suit which approval shall not be unreasonable withheld. 

 

3.
To the fullest extent permitted by law, the Company will make available all amounts payable to Indemnitee in accordance with Section
‎1 above on the date on which such amounts are first payable by Indemnitee (“Time of Indebtedness”), and with
respect to items referred to in Sections ‎1.2 and ‎1.3 above, even prior to the time on which the applicable court renders
its decision, provided however, that advances given to cover legal expenses in criminal proceedings will be repaid by Indemnitee
to the Company if Indemnitee are found guilty of a crime which requires proof of mens rea (criminal intent). Other advances
will be repaid by Indemnitee to the Company if it is determined by a court of competent jurisdiction that Indemnitee are not lawfully
entitled to such indemnification as authorized hereby.

 

As
part of the aforementioned undertaking, the Company will make available to Indemnitee any security or guarantee that Indemnitee
may be required to post in accordance with an interim decision given by a court or an arbitrator, including for the purpose of
substituting liens imposed on Indemnitee’s assets.

 

4.
The Company will indemnify Indemnitee even if at the relevant Time of Indebtedness Indemnitee is no longer a director or office
holder of the Company or a Subsidiary, provided that the obligations with respect to which Indemnitee will be indemnified hereunder
are in respect of actions taken by Indemnitee while Indemnitee was a director or office holder of the Company or a Subsidiary
as aforesaid, and in such capacity.

 

5.
The undertaking of the Company set forth in Section ‎1.1 shall be limited to matters that result from or are connected or
otherwise related to events or circumstances set forth in Schedule
A hereto, which are deemed by the Company's Board of Directors, based on the current activity
of the Company, to be foreseeable as of the date hereof.

 

The
maximum amount for which the Company undertakes to indemnify Indemnitee hereunder for each of the matters and circumstances described
herein (or otherwise pursuant to this Indemnification Agreement), shall not exceed an amount equal to US$1,000,000 for each of
events or circumstances set forth in Schedule A hereto. The total obligation of the Company to all Indemnitees under this
Agreement, in the aggregate, including all then pending claims for indemnification made by all directors or officers of the Company,
whether under law, agreement or the Articles of the Company, will not exceed US$5,000,000 (Five Million United States Dollars).
If the total of all such claims exceed such amount (or the remaining balance of such amount at the relevant time), then the limit
amount per each Indemnitee shall be pro rated among all Indemnitee proportionately to the proven amount of each respective Indemnitee
out of the aggregate amount of all proven claims by all Indemnitees. 

 

6.
Subject to the limitations of Section ‎5 above, the indemnification hereunder will, in each case, cover all sums of money
that Indemnitee will be obligated to pay, in those circumstances, including the amount detailed under Section ‎1.2 above,
for which indemnification is permitted under the law and under this Indemnification Agreement.

 

7.
The Company will not indemnify Indemnitee for any liability with respect to which Indemnitee has received payment by virtue of
an insurance policy or another indemnification agreement other than for amounts which are in excess of the amounts actually paid
to Indemnitee pursuant to any such insurance policy or other indemnity agreement (including deductible amounts not covered by
insurance policies), within the limits set forth in Section ‎5 above. The Company will be entitled to receive any amount,
up to the amount by which Indemnitee will have been indemnified by the Company hereunder, collected by Indemnitee from a third
party in connection with liabilities indemnified hereunder, to be paid promptly by Indemnitee to the Company.

 

    2

     

    

 

8.
Notwithstanding Section ‎7 above, the Company hereby acknowledges that Indemnitee may have certain rights to indemnification,
advancement of expenses and/or insurance provided by Indemnitee's affiliates (collectively, the “Indemnitors”).
The Company hereby agrees (i) that it is the indemnitor of first resort (i.e., its obligations to Indemnitee are primary and any
obligation of the Indemnitors to advance expenses or to provide indemnification for the same expenses or liabilities incurred
by Indemnitee are secondary), (ii) that it shall be required to meet its obligations under this Agreement, without regard to any
rights Indemnitee may have against the Indemnitors, and (iii) that it irrevocably waives, relinquishes and releases the Indemnitors
that are 100% owned by Indemnitee and his family members from any and all claims against the Indemnitors for contribution, subrogation
or any other recovery of any kind in respect thereof to the extent any payments made hereunder relate to the Company and its affiliates.
The Company further agrees that no advancement or payment by the Indemnitors on behalf of Indemnitee with respect to any claim
for which Indemnitee has sought indemnification from the Company shall affect the rights and obligations of the parties under
this Agreement. 

 

9.
As long as the Indemnitee continues to serve as a director or officer of the Company, the Company shall procure directors' and
officers' liability insurance (which shall include without limitation provisions according to which the insurance shall continue
to be in effect following the cessation of the Indemnitee's position in the Company with respect to events that occurred prior
to such cessation, as long as such insurance is in effect) to the fullest extent permitted by law (“D&O
Insurance”), in such amount (per claim and per period) as the Company shall deem appropriate
and in accordance to the provisions of the Law; provided, that, subject to any undertaking of the Company towards any of it’s
shareholders regarding obtaining or maintaining D&O Insurance of a certain coverage, the Company shall have no obligation
to obtain or maintain D&O Insurance or to arrange that such insurance will be in compliance with certain terms if the Board
of Directors of the Company determines in good faith that such insurance is not reasonably available, the premium costs for such
insurance are disproportionate to the amount of coverage provided, the coverage provided by such insurance is so limited by exclusions
that it provides an insufficient benefit, or the Indemnitee is covered by similar insurance maintained by a subsidiary of the
Company.

 

10. In all indemnifiable circumstances, indemnification will be subject to the following:

 

10.1
Indemnitee shall promptly notify the Company of any legal proceedings initiated against Indemnitee and of all possible or threatened
legal proceedings without delay following Indemnitee’s first becoming aware thereof, provided, however, that Indemnitee’s
failure to notify the Company as aforesaid shall not derogate from Indemnitee’s right to be indemnified as provided herein
except and to the extent that such failure to provide notice materially and adversely prejudices the Company’s ability to
defend against such action. Indemnitee shall deliver to the Company, or to such person as it shall advise Indemnitee, without
delay all documents Indemnitee receive in connection with these proceedings or possible or threatened proceedings. Notice to the
Company shall be directed in writing to the Chief Executive Officer of the Company at the address shown in the signature page
of this Indemnification Agreement (or at such other address as the Company shall advise Indemnitee).

 

Similarly,
Indemnitee shall advise the Company on an ongoing and current basis concerning all events which Indemnitee suspects may give rise
to the initiation of legal proceedings against Indemnitee in connection with Indemnitee’s actions or omissions as a director
or office holder of the Company.

 

10.2
Other than with respect to proceedings that have been initiated against Indemnitee by the Company or in its name, the Company
shall be entitled to undertake the conduct of Indemnitee’s defense in respect of such legal proceedings and/or to hand over
the conduct thereof to any attorney which the Company may choose for that purpose, except to an attorney who is not, upon reasonable
grounds, acceptable to Indemnitee. The Company shall notify Indemnitee of any such decision to defend within 10 calendar days
of receipt of notice of any such proceeding.

 

    3

     

    

 

The
Company or the attorney as aforesaid shall be entitled, within the context of the conduct as aforesaid, to conclude such proceedings,
all as they shall see fit, including by way of settlement. At the request of the Company, Indemnitee shall execute all documents
required to enable the Company or its attorney as aforesaid to conduct Indemnitee’s defense in Indemnitee’s name,
and to represent Indemnitee in all matters connected therewith, in accordance with the aforesaid.

 

For
the avoidance of doubt, in the case of criminal proceedings the Company or the attorneys as aforesaid will not have the right
to plead guilty in Indemnitee’s name or to agree to a plea-bargain in Indemnitee’s name without Indemnitee’s
consent. Furthermore, in a civil proceeding (whether before a court or as a part of a compromise arrangement), the Company and/or
its attorneys will not have the right to admit to any occurrences that are not indemnifiable pursuant to this Indemnification
Agreement and/or pursuant to law, without Indemnitee’s consent. However, the aforesaid will not prevent the Company or its
attorneys as aforesaid, with the approval of the Company, to come to a financial arrangement with a plaintiff in a civil proceeding
without Indemnitee’s consent so long as such arrangement will not be an admission of an occurrence not fully indemnifiable
pursuant to this Indemnification Agreement or pursuant to law and further provided that any such settlement or arrangement does
not impose on Indemnitee any liability or limitation. The Company shall not, without Indemnitee’s prior written consent,
consent to the entry of any judgment against Indemnitee or enter into any settlement or compromise which (i) includes an admission
of Indemnitee’s fault, (ii) does not include, as an unconditional term thereof, the full release of Indemnitee from
all liability in respect of such proceeding or (iii) is not fully indemnifiable pursuant to this Indemnification Agreement and
pursuant to law. This paragraph shall not apply to a proceeding brought by Indemnitee under Section ‎10.7 below.

 

10.3
Indemnitee will fully cooperate with the Company and/or any attorney as aforesaid in every reasonable way as may be required of
Indemnitee within the context of their conduct of such legal proceedings, including but not limited to the execution of power(s)
of attorney and other documents, provided that the Company shall cover all costs incidental thereto such that Indemnitee will
not be required to pay the same or to finance the same Indemnitee’s self.

 

10.4
Notwithstanding the provisions of Sections ‎10.2 and ‎10.3 above, (i) if in a proceeding to which Indemnitee is a
party by reason of Indemnitee’s status as a director or officer of the Company and the named parties to any such proceeding
include both Indemnitee and the Company or any subsidiary of the Company, a conflict of interest or potential conflict of interest
(including the availability to the Company and its subsidiary, on the one hand, and Indemnitee, on the other hand, of different
or inconsistent defenses or counterclaims) exists between Indemnitee and the Company, or (ii) if the Company fails to assume the
defense of such proceeding in a timely manner, Indemnitee shall be entitled to be represented by separate legal counsel, which
shall represent other persons similarly situated, of the Company’s choice and reasonably acceptable to Indemnitee and other
person’s choice, at the expense of the Company. In addition, if the Company fails to comply with any of its material obligations
under this Indemnification Agreement, or in the event that the Company or any other person takes any action to declare this Indemnification
Agreement void or unenforceable, or institutes any action, suit or proceeding to deny or to recover from Indemnitee the benefits
intended to be provided to Indemnitee hereunder, except with respect to such actions, suits or proceedings brought by the Company
that are resolved in favor of the Company, Indemnitee shall have the right to retain counsel of Indemnitee’s choice, and
reasonably acceptable to the Company and at the expense of the Company, to represent Indemnitee in connection with any such matter.

 

    4

     

    

 

10.5
If, in accordance with Section ‎10.2 (but subject to Section‎10.4), the Company has taken upon itself the conduct of Indemnitee’s
defense, Indemnitee shall have the right to employ counsel in any such action, suit or proceeding, but the fees and expenses of
such counsel, incurred after the assumption by the Company of the defense thereof, shall be at Indemnitee’s expense and
the Company will have no liability or obligation pursuant to this Indemnification Agreement or the above resolutions to indemnify
Indemnitee for any legal expenses, including any legal fees, that Indemnitee may expend in connection with Indemnitee’s
defense, unless (i) the Company shall not have assumed the conduct of Indemnitee’s defense as contemplated, (ii) the Company
refers the conduct of Indemnitee’s defense to an attorney who is not, upon reasonable grounds, acceptable to Indemnitee,
(iii) the named parties to any such action (including any impleaded parties) include both Indemnitee and the Company, and
the Indemnitee and the Company have reasonably concluded that the joint representation is inappropriate under applicable standards
of professional conduct due to a conflict of interest between Indemnitee and the Company, or (iv) the Company shall agree to such
expenses; in either of which events all reasonable fees and expenses of Indemnitee’s counsel shall be borne by the Company.

 

10.6
The Company will have no liability or obligation pursuant to this Indemnification Agreement to indemnify Indemnitee for any amount
expended by Indemnitee pursuant to any compromise or settlement agreement reached in any suit, demand or other proceeding as aforesaid
without the Company’s consent to such compromise or settlement, which consent shall not be unreasonably withheld.

 

10.7
If required by law, the Company’s Board of Directors will consider the request for indemnification and the amount thereof
and will determine if Indemnitee is entitled to indemnification and the amount thereof. In the event that Indemnitee makes a request
for payment of an amount of indemnification hereunder or a request for an advancement of indemnification expenses hereunder and
the Company fails to determine Indemnitee’s right to indemnification hereunder or fails to make such payment or advancement,
Indemnitee may petition any court which has jurisdiction to enforce the Company’s obligations hereunder. The Company agrees
to reimburse Indemnitee in full for any reasonable expenses incurred by Indemnitee in connection with investigating, preparing
for, litigating, defending or settling any action brought by Indemnitee under the immediately preceding sentence. 

 

11.
Pursuant to the provisions of Section 259 of the Companies Law and the Articles, the Company hereby entirely exempts Indemnitee,
to the fullest extent permitted by law, from any and all liability, for any damages caused as a result of a breach of Indemnitee’s
duty of care to the Company (the “Exculpation”),
provided that in no event shall Indemnitee be exempt with respect to any actions listed in Section ‎2 above. 

 

12.
If, for the validation of any of the undertakings in this Indemnification Agreement, any act, resolution, approval or other procedure
is required, the Company undertakes to cause them to be done or adopted in a manner which will enable the Company to fulfill all
its undertakings as aforesaid. 

 

13.
For the avoidance of doubt, it is hereby clarified that nothing contained in this Indemnification Agreement shall derogate from
the Company’s right (but in no way obligation) to indemnify Indemnitee post factum for any amounts which Indemnitee
may be obligated to pay as set forth in Section ‎1 above without regard to the limitations set forth in Section ‎5 above.
Indemnitee’s rights of indemnification hereunder shall not be deemed exclusive of any other rights Indemnitee may have under
the Company’s articles of association, applicable law, any agreement or otherwise.

 

14.
If any undertaking included in this Indemnification Agreement is held by a court of competent jurisdiction to be invalid or unenforceable,
such invalidity or unenforceability will not affect any of the other undertakings which will remain in full force and effect to
the fullest extent permitted by law. Furthermore, if such invalid or unenforceable undertaking may be modified or amended so as
to be valid and enforceable as a matter of law, such undertaking will be deemed to have been modified or amended, and any competent
court or arbitrator is hereby authorized to modify or amend such undertaking, so as to be valid and enforceable to the maximum
extent permitted by law.

 

15.
This Indemnification Agreement and the agreements herein shall be governed by and construed and enforced in accordance with the
laws of Israel.

 

16.
To the extent that during the indemnification period the rights of the then current members of the Board of Directors and officers
to indemnification are more favorable than the rights provided under this Indemnification Agreement to Indemnitee, then Indemnitee
shall be entitled to the full benefits of such more favorable rights. In the event of any change after the date of this Agreement
of any applicable law, statute or rule which expands the right of the Company to indemnify a member of its Board of Directors
or its officer, it is the intent of the parties hereto that the Indemnitee shall enjoy by this Agreement the greater benefits
afforded by such change. In the event of any change in any applicable law, statute or rule which narrows the right of the Company
to indemnify a member of its Board of Directors or an officer, such change, to the extent not otherwise required by such law,
statute or rule to be applied to this Agreement, shall have no effect on this Agreement or the parties' rights and obligations
hereunder.

 

    5

     

    

 

17.
This Indemnification Agreement terminates, supersedes and replaces any preceding letter of indemnification or arrangement for
indemnification that may have been previously issued to Indemnitee by the Company so that all Indemnitee’s rights for indemnification
shall, upon execution of this Indemnification Agreement, be consolidated and restated herein and the provisions of any such prior
letter of indemnification or arrangement for indemnification shall be of no further force or effect. 

 

18.
Neither the settlement nor termination of any proceeding nor the failure of the Company to award indemnification or to determine
that indemnification is payable shall create an adverse presumption that Indemnitee is not entitled to indemnification hereunder.
In addition, the termination of any proceeding by judgment or order (unless such judgment or order provides so specifically) or
settlement, shall not create a presumption that Indemnitee did not act in good faith and in a manner which Indemnitee reasonably
believed to be in or not opposed to the best interests of the Company or, with respect to any criminal action or proceeding, had
reasonable cause to believe that Indemnitee’s action was unlawful.

 

19.
This Indemnification Agreement shall not be assignable by any party without the consent of the other party, and shall be (a) binding
upon and inure to the benefit of and be enforceable by the parties hereto and their respective successors and assigns of the Company
(including any transferee of all or a substantial portion of the business, stock and/or assets of the Company and any direct or
indirect successor by purchase, merger, consolidation or otherwise by operation of law), and (b) binding on and shall inure to
the benefit of Indemnitee’s heirs, spouses, personal and legal representatives, executors and administrators. This Indemnification
Agreement shall continue for Indemnitee’s benefit and Indemnitee’s heirs', spouses, personal and legal representatives',
executors' and administrators' benefit after Indemnitee ceases to be a director or office holder of the Company.

 

20.
Except with respect to changes in the governing law which expand Indemnitee’s right to be indemnified by the Company, no
supplement, modification or amendment of this Indemnification Agreement shall be binding unless executed in writing by each of
the parties hereto. No waiver of any of the provisions of this Indemnification Agreement shall be deemed or shall constitute a
waiver of any other provisions of this Indemnification Agreement (whether or not similar), nor shall such waiver constitute a
continuing waiver. Any waiver shall be in writing.

 

21.
All notices and other communications required or permitted under this Indemnification Agreement shall be in writing, shall be
effective when given, and shall in any event be deemed to be given (a) five business days after deposit with the postal service,
if delivered by mail, postage prepaid, (b) upon delivery, if delivered by hand, or (c) one day after the business day of delivery
by facsimile or electronic mail transmission, provided that sender has obtained confirmation of transmission from the transmitting
facsimile or electronic mail system if deliverable by facsimile or electronic mail transmission, and shall be addressed to the
address of the relevant party as set forth beneath such party’s signature to this Agreement or at such other address as
such party may designate by ten (10)-business day advance written notice to the other party hereto.

 

IN
WITNESS WHEREOF, the undersigned have executed this Agreement as of the first day written above.

 

	CompuLab
    Ltd. 	 	Gideon
    Yampolski
	 	 	 	 	 
	By:	 	 	By:	 
	Fax:	 	 	Fax:	 
	Email:	 	 	Email:	 

 

    6

     

    

 

Schedule
A

 

	1.	The
    sale of securities by the Company and/or by a shareholder to investors or the offer by the Company to purchase securities
    from the public and\or from private investors or other holders thereof pursuant to agreements, notices, reports, tenders and/or
    other proceedings;

 

	2.	Occurrences
    in connection with investments the Company makes in other companies whether before and/or after the investment is made, entering
    into the transaction, the execution, development and monitoring thereof, including actions taken by Indemnitee in the name
    of the Company;

 

	3.	The
    sale, purchase and holding of negotiable securities or other investments for or in the name of the Company;

 

	4.	Actions
    in connection with the merger of the Company with or into another entity or the liquidation of the Company;

 

	5.	Actions
    in connection with the sale of the outstanding share capital and/or the operations and/or business, or part thereof, of the
    Company;

 

	6.	Without
    derogating from the generality of the above, actions in connection with the purchase or sale of companies, legal entities
    or assets, and the division or consolidation thereof;

 

	7.	Actions
    taken in connection with labor relations and/or employment matters in the Company and trade relations of the Company, including
    with employees, independent contractors, customers, suppliers and various service providers;

 

	8.	Actions
    in connection with the development, testing or manufacturing of products developed by the Company or by third parties on behalf
    of the Company and/or in connection with the distribution, sale, license or use of such products;

 

	9.	Actions
    taken in connection with the intellectual property of the Company and its protection, including the registration or assertion
    of rights to intellectual property and the defense of claims related to intellectual property;

 

	10.	Actions
    taken pursuant to or in accordance with the policies and procedures of the Company, whether such policies and procedures are
    published or not;

 

	11.	Claims
    of failure to exercise business judgment and a reasonable level of proficiency, expertise and care in regard of the Company’s
    business;

 

	12.	Violations
    of laws requiring the Company to obtain regulatory and governmental licenses, permits and authorization in any jurisdiction;

 

	13.	Claims
    in connection with publishing or providing any information, including any filings with governmental authorities (including,
    without limitation, the Israeli income tax authorities and the National Insurance Institute of Israel), on behalf of the Company,
    in the circumstances required under applicable laws; and

 

	14.	Claims
    in connection with the preparation or providing of any annual or quarterly financial statements, profit and loss statements,
    balance sheets and similar financial information.

 

	15.	Actions
    in regard to invasion of privacy including with respect to databases and acts in regard of slander;

 

	16.	Actions
    in connection with antitrust matters and/or laws and regulations relating to commercial wrong-doing;

 

	17.	Actions
    in connection with the negotiations, execution, delivery and performance of agreements on behalf of the Company, whether written
    or oral, as well as approval of corporate actions including the approval of the acts of the Company’s management, their
    guidance and their supervision;

 

    7

     

    

 

	18.	Actions
    concerning the approval of transactions of the Company with officers and/or directors and/or holders of controlling interests
    in the Company, and any other transactions referred to in Section 270 of the Companies Law;

 

	19.	Any
    claim or demand made under any securities laws or by reference thereto, or related to the failure to disclose any information
    in the manner or time such information is required to be disclosed pursuant to such laws, or related to inadequate or improper
    disclosure of information to shareholders, or prospective shareholders, or related to the purchase, holding or disposition
    of securities of the Company or any other investment activity involving or effected by such securities, including, for the
    removal of doubt, any offering of the Company’s securities to private investors or to the public, and listing of such
    securities, or the offer by the Company to purchase securities from the public or from private investors or other holders,
    and any undertakings, representations, warranties and other obligations related to any such offering, listing or offer or
    to the Company’s status as a public company or as an issuer of securities;

 

	20.	Any
    claim or demand made by any lenders or other creditors or for monies borrowed by, or other indebtedness of, the Company;

 

	21.	Any
    claim or demand made directly or indirectly in connection with complete or partial failure, by the Company, or their respective
    directors, officers and employees, to pay, report, keep applicable records or otherwise, any state, municipal or foreign taxes
    or other mandatory payments of any nature whatsoever, including, without limitation, income, sales, use, transfer, excise,
    value added, registration, severance, stamp, occupation, customs, duties, real property, personal property, capital stock,
    social security, unemployment, disability, payroll or employee withholding or other withholding, including any interest, penalty
    or addition thereto, whether disputed or not;

 

	22.	Claims
    by any third party suffering any personal injury and/or bodily injury and/or property damage to business or personal property
    through any act or omission attributed to the Company, or its employees, agents or other persons acting or allegedly acting
    on their behalf.

 

 

8

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