Document:

EX-4.2

 Exhibit 4.2 

EXECUTION VERSION 
 BANK
LEUMI LE-ISRAEL CORPORATION 
 RESTRICTED STOCK UNIT AGREEMENT 

This agreement (this “Agreement”) is made effective as of the 6th day of January, 2022 (the “Grant Date”),
between Bank Leumi le-Israel Corporation (“BLC”) and Avner Mendelson (the “Grantee”), and evidences a grant of restricted stock units (“RSUs”) in respect of
shares of the common stock of BLC, par value $0.10 per share (“BLC Common Stock”) in accordance with the Non-Competition Agreement entered into by and between BLC and the Grantee, dated as of
September 22, 2021 (the “Non-Competition Agreement”). 

1.    Merger Agreement; Defined Terms. Reference is made herein to the Agreement and Plan of Merger, dated as of
September 22, 2021 by and among BLC, Valley National Bancorp (“Parent”) and Volcano Merger Sub Corporation (the “Merger Agreement”). Terms that are capitalized but not defined herein shall have the meanings set
forth in the Merger Agreement. 
 2.    Grant of Restricted Stock
Units. BLC grants to the Grantee on the Grant Date RSUs in respect of 31,281 shares of BLC Common Stock, subject to the terms of this Agreement. At the Effective Time, this Agreement shall be assumed by Parent and the RSUs granted
hereunder shall be canceled and replaced by RSUs of substantially equivalent value in respect of 132,162 shares of Parent Common Stock, subject to the terms of this Agreement. For purposes of this Agreement, the term “Stock” shall
mean (a) prior to the Effective Time, BLC Common Stock and (b) after the Effective Time, Parent Common Stock. From and following the Effective Time, references in this Agreement to BLC shall be understood to refer to Parent. 

3.    Vesting. The RSUs shall become vested in equal one-third installments
on the first, second and third anniversaries (each, a “Vesting Date”) of the Effective Date, provided the Grantee has remained in continuous compliance with the terms and conditions of this Agreement and of the Non-Competition Agreement from the Grant Date through the relevant Vesting Date. 

4.    Settlement. No later than 30 days after the applicable Vesting Date, BLC shall issue to the Grantee one share
of Stock for each vested RSU, subject to applicable tax withholding, which shall be achieved via net share withholding by BLC. 

5.    Transfer of RSUs. Any sale, hypothecation, encumbrance or other transfer of the RSUs is prohibited unless the
same shall have been consented to in advance in writing by Parent. 
 6.    Adjustments. To the extent
permissible under applicable law, including under Section 409A of the Internal Revenue Code of 1986, as amended, in the event of a stock dividend, significant cash dividend, stock split or combination of shares (including a reverse stock
split), recapitalization or other change in the capital structure of BLC that constitutes an equity restructuring within the meaning of FASB ASC Topic 718 (or any successor provision), BLC shall make appropriate adjustments to the maximum number of
shares of Stock that may be delivered under this Agreement. Following the Effective Time, in the event of (a) the liquidation or dissolution of Parent, (b) a merger or consolidation in which Parent is not the surviving corporation or
(c) the sale or disposition of all or substantially all of Parent’s assets, provision shall be made in connection with such transaction for the assumption of the RSUs or the substitution for the RSUs of new options or awards of the
surviving corporation, with appropriate adjustment as to the 

 
number and kind of shares. Notwithstanding the foregoing, in the event of a transaction listed above, Parent shall have the right and authority to cancel and terminate all outstanding RSUs by
paying Grantee in cash an amount equal to the fair market value of the shares of Stock underlying the RSUs on the date of the consummation of the transaction. 

7.    Effect on Employment or Services. Neither the grant
of the RSUs, nor the issuance of shares of Stock upon vesting of the RSUs, shall give the Grantee any right to be retained in the employ or service of BLC, Parent or their Affiliates, affect the right of BLC, Parent or their Affiliates to discharge
or discipline such Grantee at any time, or affect any right of such Grantee to terminate his employment or services at any time. 

8.    Data Privacy. Upon request of BLC or one of its Affiliates, the Grantee shall provide an executed data
privacy consent form (or any other agreement(s) or consents that may be reasonably required by BLC or one of its Affiliates) to BLC and/or one of its Affiliates that BLC or one of its Affiliates may reasonably deem necessary to obtain from the
Grantee for the purpose of administering participation in the Plan in compliance with the data privacy laws in the Grantee’s country, either now or in the future. The Grantee understands and agrees that the Grantee shall not be able to receive
any shares of Stock with respect to vested RSUs if the Grantee fails to provide any such consent or agreement reasonably requested by BLC or one of its Affiliates. 

9.    Rights as Stockholder. Prior to the Effective Time, until the issuance of the shares of Stock underlying the
RSUs (as evidenced by the appropriate entry on the books of BLC or of a duly authorized transfer agent of BLC), no right to vote or receive dividends or any other rights as a holder of Stock shall exist with respect to the RSUs. Following the
Effective Time, if Parent pays a cash dividend on shares of Parent Common Stock, any outstanding RSUs shall be credited with an amount of cash equal to the cash dividend that would have been payable in respect of the corresponding share of Parent
Common Stock (a “Dividend Equivalent”). Dividend Equivalents credited with respect to an RSU (a) shall not vest until the corresponding RSU vests, (b) shall be paid at the same time that the corresponding RSU is settled
and (c) shall be immediately and automatically canceled if the corresponding RSUs is forfeited or canceled. No interest shall be accrued, credited or paid on Dividend Equivalents. 

10.    Effectiveness. If the Grantee’s employment terminates prior to the Closing, or if the Merger Agreement
is terminated before the Closing in accordance with its terms, this Agreement shall automatically terminate and be of no further force or effect and the RSUs shall be immediately cancelled for no consideration, and neither of the parties shall have
any obligations hereunder. 
 11.    Remedies. In the event of a breach or threatened breach by the Grantee of
this Agreement or of Sections 5, 6 and 7 of the Non-Competition Agreement, the Grantee hereby consents and agrees that (a) the Grantee’s entitlement to the RSUs shall be immediately forfeited (and
the Grantee shall return any RSUs (or shares of Stock with respect thereto) previously paid, vested or settled) and (b) BLC and its Affiliates shall be entitled to seek, in addition to other available remedies, a temporary or permanent
injunction or other equitable relief against such breach or threatened breach from any court of competent jurisdiction, without the necessity of showing any actual damages or that money damages would not afford an adequate remedy, and without the
necessity of posting any bond or other security. The aforementioned equitable relief shall be in addition to, and not in lieu of, legal remedies, monetary damages or other available forms of relief. 

  
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 12.    Entire Agreement. This Agreement contains all of the
understandings and representations between Grantee and BLC pertaining to the subject matter hereof and supersede all prior and contemporaneous understandings, agreements, representations and warranties, both written and oral, with respect to such
subject matter. 
 13.    Miscellaneous. Sections 10 (Governing Law; Jurisdiction and Venue), 12 (Modification
and Waiver), 13 (Severability), 14 (Captions; Interpretation), 15 (Counterparts), 17 (Section 409A), 19 (Successors and Assigns), 20 (Notice), 21 (Withholding), 22 (Survival) and 23 (Acknowledgement of Full Understanding) of the Non-Competition Agreement are incorporated by reference into this Agreement as if set forth herein, mutatis mutandis. The obligation of Parent to sell or deliver shares of Parent Common Stock with respect to the
RSUs shall be subject to all applicable laws, rules and regulations, including all applicable federal and state securities laws, and the obtaining of all such approvals by governmental agencies as may be deemed necessary or appropriate by Parent.

 The Grantee acknowledges and agrees that this Agreement shall create a legally binding agreement when this Agreement is countersigned by
the Grantee. 
 [Signature Page Follows] 

  
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 Executed as of the 6th day of January,
2022. 
  

			
	BANK LEUMI LE-ISRAEL CORPORATION
		
	By:	 	 

  
  

		
	Name:	 	Raja Dakkuri
		
	Title:	 	Chief Financial Officer
		
	By:	 	 

  

		
	Name:	 	Andrew Sherman
		
	Title:	 	General Counsel
	
	GRANTEE
		
		 	 

  

		
	Name:	 	Avner Mendelson

  
 [Signature Page to
Restricted Stock Unit Agreement]Exhibit 4.1

 

DESCRIPTION OF SECURITIES

 

The following is a summary of the material terms
and provisions of the securities of Logiq, Inc. (“us,” “our,” “we” or the “Company”) that
are registered under Section 12 of the Securities Exchange Act of 1934, as amended, and certain provisions of our certificate of incorporation,
as amended, and bylaws, as amended and restated, that are currently in effect. This summary does not purport to be complete and is qualified
in its entirety by the provisions of certificate of incorporation, as amended (“Charter”), and amended and restated bylaws
(“Bylaws”), each previously filed with the Securities and Exchange Commission (“SEC”) and incorporated by reference
as an exhibit to the Annual Report on Form 10-K of which this Exhibit 4.1 is a part, as well as to the applicable provisions of the Delaware
General Corporation Law (the “DGCL”). We encourage you to read our Charter, Bylaws and the applicable portions of the DGCL
carefully.

 

General

 

Our authorized capital
stock consists of 250,000,000 shares, all with a $0.0001 par value of per share, of common stock.

 

Common Stock

 

Our common stock is listed
on OTCQX Market under the symbol, “LGIQ”.”

 

The holders of common
stock are entitled to one vote for each share held of record on all matters to be voted on by the holders of common stock are entitled
to receive ratably such dividends when, as and if declared by the Board of Directors of the Company (the “Board”) out of funds
legally available therefore.  In the event we have liquidation, dissolution or winding up, the holders of common stock are entitled
to share ratably in all assets remaining which are available for distribution to them after payment of liabilities and after provision
has been made for each class of stock, if any, having preference over the common stock.  Holders of shares of common stock, as such,
have no conversion, preemptive or other subscription rights, and there are no redemption provisions applicable to the common stock.

 

On April 21, 2021, the Company adopted a Majority
Voting Policy (the “Policy”) with respect to the election of directors. Under the Policy, in an uncontested election of directors,
any director nominee who receives a greater number of votes “withheld” than votes “for” his or her election at
a meeting of shareholders of the Company must promptly tender his or her resignation to the chairman of the Board. Following receipt of
such resignation, the Governance Committee of the Board (the “Committee”) will consider the resignation and recommend to the
Board whether to accept such tendered resignation. Except in special circumstances, the Committee will be expected to accept and recommend
acceptance of the resignation by the Board. A press release disclosing the Board’s determination (and the reasons for rejecting
the resignation, if applicable) will be issued within 90 days following the date of the relevant meeting of shareholders and a copy of
the press release will be sent concurrently to the NEO Exchange, provided that the Company’s common stock is then listed for trading
on the NEO Exchange. The director’s resignation, if accepted, will become effective immediately upon acceptance thereof by the Board.

 

Any director who tenders his or her resignation
pursuant to the Policy will not participate in the recommendation of the Committee or the decision of the Board with respect to such resignation.

 

Any restrictions imposed by applicable law, where
the Board accepts a resignation in accordance with the Policy, the Board may (i) leave the director vacancy unfilled until the next annual
meeting of shareholders, (ii) fill the vacancy through the appointment of a new director, or (iii) call a special meeting of shareholders
at which a new candidate will be presented to fill the vacant position.

 

     

     

    

 

Anti-Takeover Effects
of Delaware Law and Our Charter and Bylaws

 

Charter and Bylaws

 

Some provisions of our Charter and our Bylaws
contain provisions that may have the effect of delaying or preventing a change of control or changes in our management. Some of these
provisions:

 

		●	authorize our board of directors
to issue up to 250,000,000 shares of authorized common stock;

 

		●	specify that special meetings
of our stockholders can be called only by the Chairman of our board of directors, President, or Vice President; and

 

		●	provide that stockholders will
not be allowed to vote cumulatively in the election of directors.

 

It is possible that these provisions could make
it more difficult to accomplish or could deter transactions that stockholders may otherwise consider to be in their best interest or in
our best interests, including transactions which provide for payment of a premium over the market price for our shares.

 

Delaware Anti-Takeover Statute

 

We are subject to Section 203 of the Delaware
General Corporation Law, which prohibits persons deemed to be “interested stockholders” from engaging in a “business
combination” with a publicly held Delaware corporation for three years following the date these persons become interested stockholders
unless the business combination is, or the transaction in which the person became an interested stockholder was, approved in a prescribed
manner or another prescribed exception applies. Generally, an “interested stockholder” is a person who, together with affiliates
and associates, owns, or within three years prior to the determination of interested stockholder status did own, 15% or more of a corporation’s
voting stock. Generally, a “business combination” includes a merger, asset or stock sale, or other transaction resulting in
a financial benefit to the interested stockholder. The existence of this provision may have an anti-takeover effect with respect to transactions
not approved in advance by the board of directors.

 

The provisions of Delaware law, our certificate
of incorporation and our bylaws could have the effect of discouraging others from attempting hostile takeovers and, as a consequence,
they may also inhibit temporary fluctuations in the market price of our common stock that often result from actual or rumored hostile
takeover attempts. These provisions may also have the effect of preventing changes in the composition of our board of directors and management.
It is possible that these provisions could make it more difficult to accomplish transactions that stockholders may otherwise deem to be
in their best interests.

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