Document:

Exhibit 10.2

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

SHAREHOLDER AGREEMENT

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

    	 	 	 

     

    

 

SHAREHOLDER AGREEMENT

 

between

 

F&M Film- und Medien Beteiligungs GmbH,
a limited liability company organized under the laws of Austria, with its registered seat (Sitz) in 1010 Wien, Wollzeile 6/8, Austria
and registered with the company register (Firmenbuch) under docket number FN 267730 x

 

the "Shareholder 1"

 

and

 

Genius Brands International, Inc., is a
corporation incorporated under the laws of Nevada with its registered office at 190 North Canon Drive, Floor 4, Beverly Hills, CA 90210,
USA

 

the "Shareholder 2"

 

together the "Shareholders" or
the "Parties"

 

 

 

 

 

 

 

 

 

 

 

 

 

    	 	 	 

     

    

 

Table
of Contents

 

	 	 	Page

	1.	SUBJECT MATTER AND PURPOSE	1
	2.	POOL MEETING AND VOTING	1
	3.	SUPERVISORY BOARD OF THE COMPANY	2
	4.	MANDATORY TENDER OFFER	2
	5.	ADDITIONAL TENDER OFFER	3
	6.	TRANSFER RESTRICTIONS	3
	7.	DURATION	3
	8.	OTHER AGREEMENTS	4
	9.	CONDITION PRECEDENT	4
	10.	GOVERNING LAW; ARBITRATION	5
	11.	NOTICES	5
	12.	MISCELLANEOUS	6
	13.	DEFINITIONS	6

 

 

 

 

 

 

 

 

 

 

 

 

 

    	 	i	 

     

    

 

Shareholder
Agreement

 

1.           
SUBJECT MATTER AND PURPOSE

 

		1.1	The Parties are shareholders of Your Family Entertainment Aktiengesellschaft (Aktiengesellschaft) registered
with the commercial register (Handelsregister) of the Lower Court (Amtsgericht) of Munich under docket number HRB 164992 with registered
address at Turkenstrasse 87, 80799 Munchen (the "Company").

 

The registered share capital of the
Company amounts to EUR 10,457,730.00 and is divided into 10,457,730 no-par-value registered shares (each a "Share" and
together the "Shares"). The Shares are admitted for listing to the Regulated Market (General Standard) of the Frankfurt
Stock Exchange and traded under ISIN DE000A161N14.

 

Shareholder 1 owns 6,996,221 Shares;
Shareholder 2 is, or will be at the time when this Agreement comes into effect, the owner of 50 Shares.

 

		1.2	By way of this Shareholder Agreement ("Agreement") and for its duration, the Shareholders
agree to form a shareholders' pool (the "Pool") with the purpose of exercising the voting rights in the upcoming shareholders'
meetings of the Company on all items on the agendas, in particular in order to create additional business opportunities for the Company
for the benefit of all shareholders, in a common manner.

 

		1.3	This Agreement covers the entire present and future shareholdings of the Shareholders in the Company,
irrespective of the manner in which a Shareholder acquires the Shares and irrespective of whether the Shares are held directly by the
Shareholder or indirectly by an enterprise affiliated with a Shareholder within the meaning of Sect. 15 Stock Corporation Act (AktG),
as well as all Shares held by a third party on behalf of a Shareholder on the basis of a trust agreement or similar agreement. Neither
joint ownership nor fractional ownership of the contractually bound Shares is established by this Agreement.

 

		1.4	Shareholder 1 has agreed to sell 3,000,000 Shares to Shareholder 2 against cash and shares to be issued
by Shareholder 2 at an aggregated value of EUR 6,000,000.00. Thereafter, Shareholder 1 owns 3,996,221 Shares ("Remaining Shares")
after transfer of the sold 3,000,000 Shares to Shareholder 2.

 

		1.5	Each Shareholder shall notify the other Shareholder without delay of any changes in the ownership of his
Shares.

 

2.           
POOL MEETING AND VOTING

 

		2.1	A meeting of the Shareholders (the "Pool Meeting"), either in person, telephone, or video
conference, shall be held prior to each shareholders' meeting of the Company to decide the shareholders' right to propose motions and
to exercise voting rights on the items on the agenda of the shareholders' meeting. The Pool Meeting shall decide in all cases in which
a decision by the Shareholders is required under this Agreement or by law or appears necessary in the interests of the Pool. In the Pool
Meeting, as and between Shareholder 1 and Shareholder 2, (i) Shareholder 2’s Shares shall represent, and Shareholder 2 shall be
entitled to exercise, 51% percent of the voting power of the aggregate number of Shares held by Shareholder 1 and Shareholder 2, irrespective
of the number of Shares actually held by Shareholder 2; and (ii) Shareholder 1’s Shares shall represent, and Shareholder 1 shall
be entitled to exercise, 49% percent of the voting power of the aggregate number of Shares held by Shareholder 1 and Shareholder 2, irrespective
of the number of Shares actually held by Shareholder 1. Irrespective of the foregoing Shareholder 1 shall not be restricted in any way
from exercising its voting rights attached to the Remaining Shares in a shareholders’ meeting in the event that the agenda item
on which a decision is called for under statutory German law or the articles of association of the Company requires a qualified majority;
provided that this shall not apply to any share dividend, share split, reverse share split, share reclassification, share combination
or other similar event affecting solely the number of outstanding Shares (each, an “Organic Change”; it being understood
that capital increases are not deemed to be an Organic Change). In the event of a vote on any Organic Change, Shareholder 1 shall vote
the Remaining Shares in accordance with the instructions of Shareholder 2.

 

 

 

 

    	 	1	 

     

    

 

		2.2	The Pool Meeting shall be convened by email by either Shareholder, sent to the other Shareholder, and
shall include the items of the agenda. A period of at least (1) week must elapse between the posting of the email and the date of the
Pool Meeting. A shorter period may be used if the other Shareholder agrees.

 

		2.3	Each Shareholder may be represented at the meeting by the other Shareholder on the basis of a written
power of attorney. Resolutions may only be passed if such resolution receives the vote of the Shares constituting a majority of the voting
power as agreed between Shareholder 1 and Shareholder 2. The result of the voting in the Pool Meeting has to be recorded in writing by
the Shareholder who has convened the Pool Meeting and has to be sent to the other Shareholder. For the avoidance of doubt Section 2.1
last sentence shall apply.

 

		2.4	To the extent that a Shareholder is or would be excluded from voting at the shareholders' meeting of the
Company, he shall also have no voting right in respect of resolutions of the Pool Meeting and may also not exercise the voting right on
behalf of the other Shareholder.

 

		2.5	The Shareholders shall be obliged either to represent their Shares themselves at the shareholders' meeting
of the Company or to arrange for their representation. The voting right in the shareholders' meeting shall be exercised in each case in
accordance with the corresponding resolution of the Shareholders in the Pool Meeting.

 

		2.6	In case of unannounced proposals on matters in the shareholders' meeting like counter proposals of other
shareholders, the Shareholders are obliged to contact each other at short notice to decide on the common exercise of the voting rights.
If a contact is technically not possible, the Shareholders will vote in the shareholders' meeting considering the interest of the other
Shareholder and in line with this Agreement.

 

		2.7	The Shareholders agree to support, to the extent legally permissible, investments and other actions intended
by Shareholder 2 in order to strengthen the Company's future business.

 

3.           
SUPERVISORY BOARD OF THE COMPANY

 

The Shareholders shall exercise their
voting rights in the next shareholders' meeting of the Company to (i) extend the number of the Supervisory Board members pursuant to Section
9 (2) of the Articles of Association of the Company from three up to four members and (ii) elect an eligible person proposed by Shareholder
2 to the supervisory board of the Company as a supervisory board member of the Company. Shareholder 1 shall use its commercially reasonable
efforts to cause the Company to maintain an insurance policy or policies providing liability insurance for members of the supervisory
board of the Company at all times that Shareholder 2 is entitled to propose a supervisory board member and for a tail period of six years
thereafter and for the member of the supervisory board proposed by Shareholder 2 to be covered by such policy or policies in accordance
with its or their terms to the maximum extent of the coverage available for any member of the supervisory board under such policy or policies.
The supervisory board member proposed by Shareholder 2 pursuant to this Section 3 shall be an express third party beneficiary of this
provision.

 

4.           
MANDATORY TENDER OFFER

 

		4.1	With entering into this Agreement Shareholder 2 obtains control over the Company in the meaning of the
German Securities Acquisition and Takeover Act (WpÜG) and is obliged to make a mandatory tender offer to the shareholders of the
Company ("MTO"). Shareholder 1 shall not accept the MTO with its Remaining Shares or to take any other commercially equivalent
measure action which economically results in sale of the Remaining Shares and acceptance of the MTO.

 

		4.2	Shareholder 1 hereby irrevocably undertakes a Shareholder 2 not to accept the MTO for its Remaining Shares
during the acceptance period or, if applicable, to exercise a put right in accordance with section 39c WpÜG ("Lock-up Period").

 

 

 

 

    	 	2	 

     

    

 

		4.3	Shareholder 1 undertakes to irrevocably and unconditionally instruct its custodian bank not to deliver
the Remaining Shares to another custody account or custody sub-account or to a third party during the Lock-up Period or to execute sell
orders for the Remaining Shares or otherwise assist the Shareholder in any Transfer.

 

		4.4	In the event that Shareholder 1 submits any Remaining Shares in the MTO, Shareholder 1 shall pay a contractual
penalty to Shareholder 2, which is due and payable at the time the offer consideration for the MTO falls due. The amount is equal to the
number of Remaining Shares tendered into the MTO in violation of this Clause multiplied by the offer consideration for each share in the
MTO. The contractual penalty shall be offset against the claim to the offer consideration for each Remaining Share submitted in breach
of this Clause. The provisions on the contractual penalty shall also apply in the event that the Shareholder sells Remaining Shares to
third parties and third parties submit these shares in the MTO.

 

		4.5	Shareholder 1 shall not acquire Shares in an off-exchange transaction or grant a right to the Transfer
the Remaining Shares without the prior written consent of Shareholder 2. Shareholder 2 shall grant its consent if the purchase price for
the Shares Shareholder 1 wishes to acquire does not exceed the offer price in the MTO. The obligation of Shareholder 1 shall expire twelve
months after the announcement of Shareholder 2 about the amount of Shares tendered in the MTO in accordance with sec. 23 para. 1 no. 2
WpÜG.

 

5.           
ADDITIONAL TENDER OFFER

 

If Shareholder 2 decides within 24 months
after completion of the MTO to make an additional tender offer to the shareholders of the Company ("ATO"), the offer
price in this ATO shall amount at least to EUR 4.00 per Share. In such case, Shareholder 1 has to tender its Remaining Shares less a total
of 350.000 Remaining Shares (the “ATO Shares”) into the ATO. Instead of tendering the ATO Shares in the ATO Shareholder
2 can require Shareholder 1 to sell the Remaining Shares outside the ATO at the same value as the ATO offer price against 50% in cash
and 50% in common stock of Shareholder 2.

 

6.           
TRANSFER RESTRICTIONS

 

		6.1	Shareholder 1 acknowledges and agrees that during the term of this Agreement (Clause 7) it will not transfer
any of its Shares except (i) as authorized by Shareholder 2 in writing, or (ii) as otherwise permitted or contemplated by this Agreement.

 

		6.2	This provision will not apply to any transfers by Shareholder 1 of any Shares to an Affiliate so long
as a written notice is given to Shareholder 2 at least thirty (30) calendar days prior to such Transfer; provided, however, no such Transfer
will relieve Shareholder 1 of its obligations under this Agreement.

 

7.           
DURATION

 

		7.1	This Agreement may be terminated for the first time at the earliest to occur of (i) the end of the calendar
year 2024; (ii) the acquisition of the Shareholder's 1 ATO Shares by Shareholder 2; or (iii) or a sale or other disposition of more than
50 % of the shares or voting rights held by Shareholder 2 in the Company. A termination under subpara (i) of sentence 1 of this Section
7.1 shall require 30 days written notice.

 

		7.2	In the event of the opening of insolvency proceedings against the assets of a Shareholder (other than
involuntarily solvency proceedings that are dismissed within 120 days of their initiation), the Pool expires automatically.

 

 

 

 

    	 	3	 

     

    

 

8.           
OTHER AGREEMENTS

 

		8.1	Shareholder 2 hereby commits vis-a-vis Shareholder 1 to:

 

		(i)	Subject to the decision of the Company to issue and to offer convertible bonds in the Company (Wandelanleihe)
convertible into no par value shares in the Company for a purchase price of between EUR 4,000,000 and EUR 7,000,000 in cash by utilizing
the authorization resolved on the shareholders' meeting of 29 July 2021 under item 8 (“Bonds”), Shareholder 2 will
(a) exercise its subscription rights to subscribe all Bonds and (b) subscribe all Bonds not taken up by the other shareholders by exercising
their subscription rights, provided that such bonds shall be substantially similar to the terms of the most recently issued Bonds and
which shall provide for the following terms: (w) a conversion price which shall be no greater than EUR 2.00 per share; (x) an interest
rate of no less than 3.5% per annum; (y) a conversion window throughout the term of the Bonds; and (z) the Bonds mature upon default by
the Company on its interest payments; provided however, that notwithstanding the foregoing, in the event any Organic Change occurs prior
to the maturity date of the Bonds, the conversion price for the Bonds and the number of Shares subject to issuance upon the conversion
of the Bonds shall, in each case, be proportionally adjusted to reflect such Organic Change.

 

		(ii)	In the event that Shareholder 2 subscribes for Bonds in an amount of less than EUR 7.000.000 (the “Investment
Difference”), Shareholder 2 undertakes to provide an amount equal to the Investment Difference to the Company either by way
of additional equity by way of a capital increase or by providing shareholder loans, the terms of such shareholder loans being comparable
to the terms of the Bonds.

 

		(iii)	Any financing pursuant to this Section 8.1 may be used by the Company in connection with either the repayment
of the Company’s current bank facility or the outstanding convertible bonds in the event such bonds do not convert into equity at
or prior to maturity; provided further, nothing herein shall prevent Shareholder 2 from separately negotiating and consummating a direct
purchase of such outstanding convertible bonds.

 

		8.2	Shareholder 2 hereby irrevocably und unconditionally agrees to hold Shareholder 1 free and harmless from
any claims, obligations, suits or costs raised against or incurred by Shareholder 1 arising out of or in connection with the guarantee
granted by Shareholder 1 to Bank Austria AG in connection with the financing of the Company (the "Bank Austria Collateral").
In addition, Shareholder 2 will use its best commercial efforts to effect a full release of Shareholder 1 of the collateral, including
to give alternative collateral to Bank Austria AG. The commitments contained in this Section 8 (iii) shall continue irrespective of the
duration of this Agreement until such time as Shareholder 1 has been fully and finally released from any obligations in relation to the
Bank Austria Collateral.

 

		8.3	Shareholder 2 furthermore agrees to

 

		(i)	Use commercially reasonable efforts to effect and procure the financing for the production of at least
two animated series by the Company on terms reasonably acceptable to Shareholder 2 in each of the first two business years following the
completion of the MTO (the business year 2022 being the first such business year).

 

		(ii)	Use its commercially reasonable efforts to procure a substantial acquisition by the Company on terms reasonably
acceptable to Shareholder 2 in the European market within the first two business years following the completion of the MTO.

 

9.           
CONDITION PRECEDENT

 

The coming into effect of this Agreement
is subject to (aufschiebend bedingt) upon execution by the Parties of that certain share purchase agreement under the terms of
which Shareholder 2 will purchase a total of 3.000.000 Shares from Shareholder 1.

 

 

 

 

    	 	4	 

     

    

 

10.        
GOVERNING LAW; ARBITRATION

 

		10.1	This Agreement shall be governed, and construed in accordance with, the substantive laws of Germany.

 

		10.2	Any disputes between the Shareholders in connection or arising out of the validity, construction, performance
or termination of this Agreement, which the Shareholders are unable to resolve between themselves within thirty (30) calendar days, shall
be finally settled by arbitration without recourse to the ordinary courts of law. The arbitration tribunal shall be composed of three
arbitrators and shall be located in Munich, Germany. The arbitration proceedings shall be conducted in accordance with the rules (as they
may be amended at that time) of the Deutsche Institution fur Schiedsgerichtswesen (D.I.S.) in the English language. The arbitration
award shall be binding upon the Shareholders.

 

11.        
NOTICES

 

All notices, declarations, requests
and demands under this Agreement are to be directed,

 

	To Shareholder 1	
    F&M Film- und Medien Beteiligungs GmbH

    Wollzeile 6/8

    1010 Wien, Austria

    Email: stefan.piech@yfe.tv

     

    With a copy to

    SKW Schwarz Rechtsanwälte

    Wittelsbacherplatz 1

    80333 Munich, Germany

    Email: s.wallwitz@skwschwarz.de

	 	 
	To Shareholder 2	
    Genius Brands International, Inc.

    190 North Canon Drive, Floor 4

    Beverly Hills, CA 90210, USA

    Attention: Michael Jaffa

    Email: mjaffa@gnusbrands.com

     

    With a copy (which copy shall not constitute notice) to:

     

    Beiten Burkhardt Rechtsanwaltsgesellschaft mbH

    Ganghoferstraße 33

    80339 München, Germany

    Attention: Dr. Dirk Tuttlies

    Email: dirk.tuttlies@advant-beiten.com

     

    and

     

    Norton Rose Fulbright US LLP

    555 South Flower Street, Forty-First Floor

    Los Angeles, CA 90071

    Attention: Mark Greenfield

    Email: mark.greenfield@nortonrosefulbright.com

 

 

 

 

    	 	5	 

     

    

 

12.        
MISCELLANEOUS

 

		12.1	This Agreement constitutes the entire agreement of the Shareholders in respect of the common exercise
of voting rights by this Agreement.

 

		12.2	Each Shareholder shall bear its own costs, including the costs of their respective legal and other advisors
and agents.

 

		12.3	This Agreement may be amended in writing only. This also applies to this Clause 11.3.

 

		12.4	If one or several provisions of this Agreement should be or become invalid or unenforceable, the remaining
provisions hereof shall not be affected thereby. Instead of the invalid or unenforceable provision such valid and enforceable provision
shall be deemed to be agreed among the Shareholders as they would have chosen on entering into this Agreement in order to reach the commercial
effect of the provision to be replaced if they had foreseen the invalidity or unenforceability. The foregoing shall also apply to matters
to which this Agreement is silent (Vertragslücken).

 

13.        
DEFINITIONS

 

		13.1	"Affiliate" means, with respect to any person, any other person who, directly or indirectly
(including through one or more intermediaries), controls, is controlled by, or is under common control with such person. For purposes
of this definition, "control", when used with respect to any specified person, means the power, direct or indirect, to direct
or cause the direction of the management and policies of such person, whether through ownership of voting securities or partnership or
other ownership interests, by contract or otherwise; and the terms "controlling" and "controlled" will have correlative
meanings.

 

		13.2	Transfer means directly or indirectly, sell, transfer, assign, pledge, encumber, make a gift of,
hypothecate or similarly dispose of, either voluntarily or involuntarily, by operation of law or otherwise, or to enter into any contract,
option or other arrangement or understanding with respect to the sale, transfer, assignment, pledge, encumbrance, hypothecation or similar
disposition of, any Shares. "Transfer" when used as a noun will have a correlative meaning.

 

Signature Page To Follow

 

 

 

 

 

 

 

 

 

 

 

 

    	 	6	 

     

    

 

 

	December 1, 2021	 
	 	 
	F&M Film- und Medien Beteiligungs GmbH	
     

     

     

    /s/ Stefan Piech

	 	Stefan Piech, Chief Executive Officer
	Genius Brands International, Inc.	
     

     

     

    /s/ Michael Jaffa

	 	Michael Jaffa, Chief Operating Officer and General Counsel

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

    	 	7Exhibit 10.1

 

AGREEMENT
AND PLAN OF MERGER

 

AGREEMENT
AND PLAN OF MERGER (the “Agreement”), dated as of December 5, 2021, by and among Gix Media Ltd. (formerly
known as Linkury Ltd.), an Israeli company (the “Gix Media”), Viewbix Inc., a Delaware corporation (“Viewbix
Parent”) and Vmedia Merger Sub Ltd., an Israeli company and a wholly-owned subsidiary of Viewbix Parent (“Merger
Sub”). Gix Media, Viewbix Parent and Merger Sub are each referred to herein as a “Party” and collectively
as the “Parties”.

 

RECITALS

 

WHEREAS,
upon satisfaction of closing conditions set forth herein, Merger Sub (as the target company (“Chevrat Ha’Ya’ad”))
will merge with and into Gix Media (as the absorbing company (“HaChevra Ha’Koletet”)), with Gix Media being the surviving
entity and a wholly-owned subsidiary of Viewbix Parent by way and upon the terms and conditions set forth in this Agreement and in accordance
with the provisions of Sections 314-327 of the Israeli Companies Law 5759 – 1999 (the “Companies Law”), pursuant
to which all activity, assets and liabilities of Merger Sub will be transferred to Gix Media, Merger Sub will cease to exist and Gix
Media shall continue as the surviving company becoming a wholly-owned subsidiary of Viewbix Parent (the “Merger”);

 

WHEREAS,
in connection with the Merger, all Gix Media ordinary shares, having no par value per share (the “Gix Media Shares”),
outstanding immediately prior to the Merger, will be exchanged for shares of common stock, par value $0.0001 of Viewbix Parent (“Viewbix
Parent Common Stock”);

 

WHEREAS,
Gix Media’s board of directors believes, after considering various long- and short-term strategic alternatives, that the consummation
of the Merger, including the transactions thereunder, create more value for Gix Media stakeholders; and

 

WHEREAS,
the board of directors of Gix Media and Merger Sub have each (i) determined that considering the financial position of Gix Media and
Merger Sub, no reasonable concern exists that Gix Media as the absorbing and surviving company will be unable to fulfill its obligations
to its creditors, (ii) determined that the Merger is fair to, and in the best interests of, Gix Media and the shareholders of Gix Media
or Viewbix and the stockholders of Viewbix, as applicable, (iii) deemed advisable and approved this Agreement, the Merger, and the other
actions contemplated by this Agreement, and (iv) determined to recommend that its shareholders vote to approve this Agreement, the Merger,
and the other actions contemplated by this Agreement.

 

NOW,
THEREFORE, in consideration of the mutual promises and agreements set forth herein, the Parties hereto, intending to be legally bound,
agree as follows:

 

	1.	The
    Merger

 

	 	a.	The
    Merger shall be executed in accordance with Sections 314 - 327 of the Companies Law and the Companies Regulations (Merger), 2000
    promulgated thereunder, and shall be subject to the fulfillment of the Closing Conditions (as defined in Section 7 below).
	 	 	 
	 	b.	As
    soon as reasonably practicable after the execution of this Agreement, the Parties undertake to use their best efforts to perform
    all actions and obtain all documents and/or certificates as required to facilitate the successful consummation of the Merger by this
    Agreement, such as required by law and/or agreement, including the following: (i) performance of all requisite action as set forth
    in Sections 314 – 327 of the Companies Law and the Companies Regulations (Merger), 2000 promulgated thereunder; (ii) fulfillment
    of the Closing Conditions (as defined hereinafter); and (iii) delivery of all required reports, notices and certificates to the Registrar
    of Companies of the State of Israel (the “Companies Registrar”), including the applicable merger proposal to be
    executed in accordance with Section 316 of the Companies Law (the “Merger Proposal”).

 

    	1

    	 

    

 

	 	c.	Without
    derogating from the above, as soon as reasonably practicable after the execution of this Agreement the Parties shall prepare and
    file with the Israeli Income Tax Authority (the “ITA”) applications for the Tax Rulings (as defined below).
	 	 	 
	 	d.	The
    Merger shall be deemed to have been consummated on, and effective, subject to the fulfillment of the Closing Conditions set forth
    in Section 7, as of the date in which all the required approvals have been received by the Companies Registrar in accordance with
    this Agreement, the Companies Law and the regulations promulgated thereunder, and the receipt of merger certificate by the Companies
    Registrar (the “Merger Effective Date”).
	 	 	 
	 	e.	The
    Merger shall have the effects set forth in the Companies Law and this Agreement, and:

 

	 	1)	without
    derogating from the provisions of Section 323 of the Companies Law, as of the Merger Effective Date, (i) all assets, liabilities,
    licenses, permissions, and agreements, including any tangible and intangible properties, rights, privileges, immunities and franchises,
    (ii) all debts and liabilities, and (iii) all and every other interest or asset of any kind (including any intellectual property
    and good will whatsoever), of or belonging to or due to Merger Sub shall be deemed to have been transferred to and vested in Gix
    Media without further act or deed.
	 	 	 
	 	2)	as
    of the Merger Effective Date, Merger Sub will cease to exist in accordance with Section 323(4) of the Companies Law, and Gix Media
    shall continue as the surviving company.

 

	 	f.	As
    of the Merger Effective Date, the articles of association of Gix Media (as the surviving company) shall be replaced with the articles
    in the form attached hereto as Exhibit A, until duly amended as provided therein and by applicable law.
	 	 	 
	 	g.	In
    connection with and contingent upon the Merger Effective Date, the Parties agree that as soon as reasonably practicable following
    the Merger Effective Date, the board of directors of Viewbix Parent (the “Viewbix Board”) shall cause four (4)
    representatives of Gix Media to be appointed to the Viewbix Board, such that, following the Merger Effective Date, the Viewbix Board
    shall consist of six (6) members.

 

	2.	Consideration;
    Exchange Procedures

 

	 	a.	In
    connection with the Merger, all Gix Media Shares outstanding immediately prior to the Merger will be exchanged for shares of Viewbix
    Parent Common Stock, so immediately following the Merger, Gix Media’s stockholders will hold 90% of Viewbix Parent on a fully
    diluted basis.
	 	 	 
	 	b.	Conversion.
    Transfer Online, Inc. (“Transfer Online”) shall act as exchange agent in the Merger (the “Exchange
    Agent”). In the event Transfer Online is unable or unwilling to serve as Exchange Agent, or upon mutual agreement of Gix
    Media and Viewbix Parent, on or prior to the Merger Effective Date, Gix Media and Viewbix Parent shall agree upon and select a reputable
    bank, transfer agent or trust company to act as Exchange Agent in the Merger. At the Merger Effective Time, Viewbix Parent shall
    deposit with the Exchange Agent the aggregate number of book- entry shares of Viewbix Parent Common Stock in a sufficient amount
    to exchange all Gix Media Shares outstanding immediately prior to the Merger Effective Date, together with irrevocable instructions
    to the Exchange Agent to cause the Exchange Agent to deliver such shares of Viewbix Parent Common Stock as promptly as reasonably
    practicable upon receipt of the documents described herein. The book-entry shares of Viewbix Parent Common Stock so deposited with
    the Exchange Agent, together with any dividends or distributions received by the Exchange Agent with respect to such shares, are
    referred to collectively as the “Exchange Fund”.

 

    	2

    	 

    

 

	 	c.	Promptly
    after the Merger Effective Date, Viewbix Parent shall cause the Exchange Agent to mail to the persons who were record holders of
    Gix Media Shares immediately prior to the Merger Effective Date, as set forth on the shareholders ledger of the Exchange Agent: (i)
    a letter of transmittal in customary form; (ii) instructions for effecting the surrender of Gix Media Share certificates in exchange
    for book-entry shares of Viewbix Parent Common Stock; and (iii) instructions for effecting the surrender of uncertificated Gix Media
    Shares in exchange for book-entry shares of Viewbix Parent Common Stock. Upon surrender of the Gix Media Shares to the Exchange Agent
    for exchange, together with a duly executed letter of transmittal and such other documents as may be reasonably required by the Exchange
    Agent: (A) the holder of such Gix Media Shares shall be entitled to receive in exchange therefor one or more book-entry shares of
    Viewbix Parent Common Stock that such holder has the right to receive pursuant to the provisions of this Section 2.b; and
    (B) if applicable, upon delivery of Viewbix Parent Common Stock to the applicable holder in accordance with this Section 2.c,
    the Gix Media Share certificates so surrendered shall be canceled. Until surrendered as contemplated by this Section 2.c of
    an Gix Media Share certificate, each Gix Media Share shall be deemed, from and after the Merger Effective Date, to represent only
    the right to receive shares of Viewbix Parent Common Stock. If any Gix Media Share certificate been lost, stolen or destroyed, Viewbix
    Parent may, in its discretion and as a condition precedent to the delivery of any shares of Viewbix Parent Common Stock, require
    the owner of such lost, stolen or destroyed certificate to provide an applicable affidavit with respect to such Gix Media Share certificate.
	 	 	 
	 	d.	No
    dividends or other distributions declared or made with respect to shares of Viewbix Parent Common Stock with a record date after
    the Merger Effective Date shall be paid to the holder of any unsurrendered Gix Media Share certificates with respect to the shares
    of Gix Media Parent Common Stock that such holder has the right to receive in the Merger until such holder surrenders such share
    certificate or an affidavit of loss or destruction in lieu thereof in accordance with this Section 2.c (at which time such
    holder shall be entitled, subject to the effect of applicable abandoned property, escheat or similar laws, to receive all such dividends
    and distributions, without interest).
	 	 	 
	 	e.	Any
    portion of the Exchange Fund that remains undistributed to holders of Gix Media Shares six months after the Merger Effective Date
    shall be delivered to Viewbix Parent upon demand, and any holders of Gix Media Shares who have not theretofore surrendered their
    Gix Media Share certificates (if applicable) and/or delivered a letter of transmittal in accordance with this Section 2.d
    shall thereafter look only to Viewbix Parent for satisfaction of their claims for shares of Viewbix Parent Common Stock and any dividends
    or distributions with respect to shares of Viewbix Parent Common Stock.
	 	 	 
	 	f.	Share
    Capital of Merger Sub. Each ordinary share, no par value, of Merger Sub issued and outstanding immediately prior to the Merger
    Effective Date shall be canceled and retired and shall cease to exist, and no consideration shall be delivered in exchange therefor.
	 	 	 
	 	g.	Viewbix
    Parent Stock Incentive Plan. Viewbix Parent shall adopt a new Incentive Option Plan that includes both US and Israeli tax provisions
    and that shall comply with and qualify under Section 102(b)(2) of the Ordinance (the “Viewbix Parent Israel Option Plan”).
    The Viewbix Parent Israel Option Plan shall be filed for approval under Section 102(b)(2) of the Ordinance immediately following
    the Merger Effective Date.
	 	 	 
	 	h.	 Name
    Change. On the Merger Effective Date and following the approval of the stockholders of Viewbix Parent, Viewbix Parent shall file
    an amendment to its certificate of incorporation to change the name of “Viewbix Inc.” to “Gix Media, Inc.”.

 

	3.	Representations
    and Warranties of Gix Media

 

Gix
Media represents and warrants to Viewbix Parent and Merger Sub that, as of the date hereof, except for those representations and warranties
that speak of a different date:

 

3.1
Organization, Standing and Corporate Power of Gix Media. Gix Media is duly incorporated, validly existing and in good standing
under the laws of the State of Israel and has the requisite corporate power and authority to carry on its business as now being conducted.
Gix Media is duly qualified or licensed to do business and is in good standing in each jurisdiction in which the nature of its business
or the ownership or leasing of its properties makes such qualification or licensing necessary, other than in such jurisdictions where
the failure to be so qualified or licensed (individually or in the aggregate) would not have a Material Adverse Effect with respect to
Gix Media. As used herein the term “Material Adverse Effect” or “Material Adverse Change” shall mean any change
or effect that either individually or in the aggregate with all other such changes or effects is materially adverse to the business,
assets, properties, condition (financial or otherwise) or results of operations of the Parties or Gix Media taken as a whole.

 

    	3

    	 

    

 

3.2
Capitalization. The authorized share capital of Gix Media as of the date of this Agreement consists of: (i) 500,000,000 ordinary
shares, no par value, (the “Gix Media Ordinary Shares”), of which 7,876,830 shares are issued and outstanding as of
the date of this Agreement. Gix Media does not hold any of its share capital in treasury. All of the outstanding shares of Gix Media
Share Capital have been duly authorized and validly issued, and are fully paid and nonassessable.

 

Except
for the Bank Leumi Lien, none of the outstanding shares of Gix Media Share Capital are entitled or subject to any preemptive right, right
of repurchase or forfeiture, right of participation, right of maintenance or any similar right; (ii) there are no outstanding bonds,
debentures, notes or other indebtedness of Gix Media having a right to vote on any matters on which the shareholders of Gix Media have
a right to vote; (iii) there is no outstanding contract pursuant to which Gix Media is compelled to take action vis-à-vis the
voting or registration of, or restricting any person from purchasing, selling, pledging or otherwise disposing of (or from granting any
option or similar right with respect to), any shares of Gix Media Share Capital. Gix Media is not under any obligation, and no contract
pursuant to which Gix Media is a party includes any provision, pursuant to which Gix Media may become obligated, to repurchase, redeem
or otherwise acquire any outstanding shares of Gix Media Share Capital or other securities, or to register such shares with the SEC.
For purposes of this Agreement, “Bank Leumi Lien” refers to such charge, mortgage, pledge, security interest, restriction,
claim, lien, encumbrance, option, right to acquire or adverse interest held by Bank Leumi in connection with shares of Gix Media pursuant
to that Loan and Security Agreement, dated October 13, 2021 (the “Leumi LSA”).

 

3.3
Authority; Non-Contravention. Gix Media has all requisite authority to enter into this Agreement and to consummate the transactions
contemplated by this Agreement. The execution and delivery of this Agreement by Gix Media and the consummation by Gix Media of the transactions
contemplated by this Agreement have been (or at Merger Effective Date will have been) duly authorized by all necessary corporate action
on the part of Gix Media. This Agreement has been duly executed and delivered by and constitutes a valid and binding obligation of Gix
Media, enforceable in accordance with its terms. The execution and delivery of this Agreement does not, and the consummation of the transactions
contemplated by this Agreement and compliance with the provisions of this Agreement will not, conflict with, or result in any breach
or violation of, or default (with or without notice or lapse of time, or both) under, or give rise to a right of termination, cancellation
or acceleration of or “put” right with respect to any obligation or to loss of a material benefit under, or result in the
creation of any lien upon any of the properties or assets of Gix Media under, (i) the articles of association of Gix Media, (ii) any
loan or credit agreement, note, bond, mortgage, indenture, lease or other agreement, instrument, permit, concession, franchise or license
applicable to Gix Media or their respective properties or assets, or (iii) subject to the governmental filings and other matters referred
to in the following sentence, any judgment, order, decree, statute, law, ordinance, rule, regulation or arbitration award applicable
to Gix Media or their respective properties or assets, other than, in the case of clauses (ii) and (iii), any such conflicts, breaches,
violations, defaults, rights, losses or liens that individually or in the aggregate could not have a Material Adverse Effect with respect
to Gix Media or could not prevent, hinder or materially delay the ability of Gix Media to consummate the transactions contemplated by
this Agreement. No consent, approval, order or authorization of, or registration, declaration or filing with, or notice to, any governmental
entity is required by or with respect to Gix Media in connection with the execution and delivery of this Agreement by Gix Media or the
consummation by Gix Media, as the case may be, of any of the transactions contemplated by this Agreement.

 

3.4
No Disqualification Event. Neither Gix Media, nor any of their respective directors, executive officers, general partners, managing
members or other officers is subject to any Disqualification Event except for a Disqualification Event that: (i) is contemplated by Rule
506(d)(2) of the Securities Act; and (ii) a description of which has been furnished in writing to Viewbix Parent and/or Merger Sub prior
to the date hereof.

 

3.5
Disclosure. The information relating to Gix Media to be supplied by or on behalf of Gix Media for inclusion or incorporation
by reference in any reports required by the SEC in connection with the Merger will not, on the date such SEC report is first filed with
the SEC or mailed to the Viewbix Parent and/or Merger Sub Shareholders (as applicable), contain any untrue statement of any material
fact, or omit to state any material fact required to be stated therein or necessary in order to make the statements therein, in light
of the circumstances under which they are made, not false or misleading at the time and in light of the circumstances under which such
statement is made.

 

    	4

    	 

    

 

3.6
Legal Proceedings. There is no pending legal proceeding, and, to the knowledge of Gix Media, no Person has threatened in writing
to commence any legal proceeding: (i) that involves Gix Media, or to the knowledge of Gix Media, any director or officer of Gix Media
(in his or her capacity as such) or any of the material assets owned or used by Gix Media; or (ii) that challenges, or that would reasonably
be expected to have the effect of preventing, delaying, making illegal or otherwise interfering with, the transactions contemplated hereunder.
To the knowledge of Gix Media, no event has occurred, and no claim, dispute or other condition or circumstance exists, that will, or
that would reasonably be expected to, give rise to or serve as a basis for the commencement of any such legal proceeding.

 

3.7
Tax. Except as otherwise set forth in writing to Viewbix Parent and Merger Sub, Gix Media has filed all necessary federal, state
and foreign income and franchise tax returns and has paid or accrued all taxes shown as due thereon, and Viewbix Parent has no knowledge
of a tax deficiency or audit which has been or might be asserted or threatened against it.

 

	4.	Representations
    and Warranties of Viewbix Parent

 

Viewbix
Parent represents and warrants to Gix Media that, as of the date hereof, except for those representations and warranties that speak of
a different date, and subject to the SEC Reports (as defined below) and the schedule of exceptions attached hereto:

 

4.1
Organization, Standing and Corporate Power of Viewbix Parent. Viewbix Parent is duly incorporated, validly existing and in good
standing under the laws of the State of Delaware and has the requisite corporate power and authority to carry on its business as now
being conducted. Viewbix Parent is duly qualified or licensed to do business and is in good standing in each jurisdiction in which the
nature of its business or the ownership or leasing of its properties makes such qualification or licensing necessary, other than in such
jurisdictions where the failure to be so qualified or licensed (individually or in the aggregate) would not have a Material Adverse Effect
with respect to Viewbix Parent.

 

4.2
Capital Structure. The authorized capital stock of Viewbix Parent consists of 490,000,000 shares of common stock, $0.0001 par
value, of which 34,753,669 shares are issued and outstanding as of the date of the hereof. Except as disclosed in Viewbix Parent’s
SEC Reports, there are no outstanding bonds, debentures, notes or other indebtedness or other securities of Viewbix Parent having the
right to vote (or convertible into, or exchangeable for, securities having the right to vote) on any matters on which shareholders of
Viewbix Parent. Except as disclosed in Viewbix Parent’s pubic securities filings, there are no outstanding securities, options,
warrants, calls, rights, commitments, agreements, arrangements or undertakings of any kind to which Viewbix Parent is a party or by which
it is bound obligating Viewbix Parent to issue, deliver or sell, or cause to be issued, delivered or sold, additional common stock of
Viewbix Parent or other equity or voting securities of Viewbix Parent or obligating Viewbix Parent to issue, grant, extend or enter into
any such security, option, warrant, call, right, commitment, agreement, arrangement or undertaking. There are no outstanding contractual
obligations, commitments, understandings or arrangements of Viewbix Parent to repurchase, redeem or otherwise acquire or make any payment
in respect of any common stock of Viewbix Parent or any other securities of Viewbix Parent. There are no agreements or arrangements pursuant
to which Viewbix Parent is or could be required to register Viewbix Parent Common Stock or other securities under the Securities Act
or other agreements or arrangements with or among any holders of Viewbix Parent or with respect to any securities of Viewbix Parent.
The issuance of the Viewbix Parent Common Stock will not trigger any anti-dilution rights of any existing securities of Viewbix Parent.
Except as disclosed in Viewbix Parent’s pubic securities filings, as of the Merger Effective Date, there will be no rights, subscriptions,
warrants, options, conversion rights, or agreements of any kind outstanding to purchase from Viewbix Parent, or otherwise require Viewbix
Parent to issue, any shares of capital stock of Viewbix Parent or securities or obligations of any kind convertible into or exchangeable
for any shares of capital stock of Viewbix Parent.

 

4.3
Authority; Non-Contravention. Viewbix Parent has all requisite authority to enter into this Agreement and to consummate the transactions
contemplated by this Agreement. The execution and delivery of this Agreement by Viewbix Parent and the consummation by Viewbix Parent
of the transactions contemplated by this Agreement have been (or at Merger Effective Date will have been) duly authorized by all necessary
corporate action on the part of Viewbix Parent. This Agreement has been duly executed and delivered by and constitutes a valid and binding
obligation of Viewbix Parent, enforceable in accordance with its terms. The execution and delivery of this Agreement does not, and the
consummation of the transactions contemplated by this Agreement and compliance with the provisions of this Agreement will not, conflict
with, or result in any breach or violation of, or default (with or without notice or lapse of time, or both) under, or give rise to a
right of termination, cancellation or acceleration of or “put” right with respect to any obligation or to loss of a material
benefit under, or result in the creation of any lien upon any of the properties or assets of Viewbix Parent under, (i) the certificate
of incorporation or bylaws of the Viewbix Parent, (ii) any loan or credit agreement, note, bond, mortgage, indenture, lease or other
agreement, instrument, permit, concession, franchise or license applicable to Viewbix Parent or their respective properties or assets,
or (iii) subject to the governmental filings and other matters referred to in the following sentence, any judgment, order, decree, statute,
law, ordinance, rule, regulation or arbitration award applicable to Viewbix Parent or their respective properties or assets, other than,
in the case of clauses (ii) and (iii), any such conflicts, breaches, violations, defaults, rights, losses or liens that individually
or in the aggregate could not have a Material Adverse Effect with respect to Viewbix Parent or could not prevent, hinder or materially
delay the ability of Viewbix Parent to consummate the transactions contemplated by this Agreement. No consent, approval, order or authorization
of, or registration, declaration or filing with, or notice to, any governmental entity is required by or with respect to Viewbix Parent
in connection with the execution and delivery of this Agreement by Viewbix Parent or the consummation by Viewbix Parent, as the case
may be, of any of the transactions contemplated by this Agreement, except, as required, such other consents, approvals, orders, authorizations,
registrations, declarations, filings or notices as may be required under the “blue sky” laws of various states.

 

    	5

    	 

    

 

4.4
SEC Reports. Since January 1, 2020, Viewbix Parent has filed all forms, reports and documents with the SEC that have been required
to be filed by it under applicable laws prior to the date hereof  (all such forms, reports and documents, together with all documents
filed or furnished on a voluntary basis and all exhibits and schedules thereto, the “SEC Reports”). As of its filing
date (or, if amended or superseded by a filing prior to the date of this Agreement, on the date of such amended or superseded filing),
(i) each Company Report complied as to form in all material respects with the applicable requirements of the Securities Act, the Exchange
Act, and/or the Sarbanes-Oxley Act, as the case may be, each as in effect on the date such Company Report was filed, and (ii) each Company
Report did not contain any untrue statement of a material fact or omit to state any material fact necessary in order to make the statements
made therein, in the light of the circumstances under which they were made, not misleading. To the Knowledge of the Company, none of
the SEC Reports is the subject of ongoing SEC review or investigation. The financial statements included in the SEC Reports comply in
all material respects with the applicable accounting requirements and the rules and regulations of the Commission with respect thereto
as in effect at the time of filing. The financial statements included in the SEC Reports have been prepared in accordance with generally
accepted accounting principles in the United States applied on a consistent basis (“GAAP”), and fairly represent the
financial position of Viewbix Parent and as of and for the dates thereof and the results of operations and cash flows for the periods
then ended, subject, in the case of unaudited statements, to normal, year-end audit adjustments and the omission of certain footnotes.
Except as set forth in the SEC Reports, Viewbix Parent has no liabilities or obligations of any nature (whether accrued, absolute, contingent
or otherwise) required by GAAP to be set forth on a balance sheet of Viewbix Parent or in the notes thereto. As of the Merger Effective
Date, all liabilities of Viewbix Parent shall have been paid off and shall in no event remain liabilities of Viewbix Parent following
the Merger Effective Date, other than immaterial liabilities that will be scheduled prior to the Merger Effective Date.

 

4.5
No Material Change. Since December 31, 2020, and except as disclosed in its SEC Reports, (i) Viewbix Parent has not incurred any
liabilities or obligations, indirect, or contingent, or entered into any oral or written agreement or other transaction which exceeds
US$10,000; (ii) Viewbix Parent has not paid or declared any dividends or other distributions with respect to its capital stock, or redeemed
or purchased or otherwise acquired any of its stock and Viewbix Parent is not in default in the payment of principal or interest on any
outstanding debt obligations, except as set forth herein; (iii) Viewbix Parent has not initiated any compensation arrangement or agreement
with any employee or executive officer; (iv) Viewbix Parent has not entered into any contract; (v) there has not been any change in the
capital stock of Viewbix Parent; and (vi) there has not been any other event which has caused, or is likely to cause, a material adverse
effect on Viewbix Parent.

 

4.6
Litigation. Except as disclosed in the SEC Reports, there is no action, suit, claim, proceeding, inquiry or investigation
before or by any court, public board, government agency, self-regulatory organization or body pending against or, to the knowledge of
Viewbix Parent, threatened against Viewbix Parent. Viewbix Parent is not subject to any order, writ, judgment, injunction, decree or
award of any court or any governmental authority.

 

4.7
Compliance. Viewbix Parent has not been advised, nor does Viewbix Parent have reason to believe, that it is not conducting its
business in compliance with all applicable laws, rules and regulations of the jurisdictions in which it is conducting its business.

 

4.8
Material Agreements. All material agreements to which Viewbix Parent is a party are included as part of or specifically identified
in the SEC Reports to the extent required by the rules and regulations of the SEC as in effect at the time of filing (“Material
Agreements”). Except for the Material Agreements, Viewbix Parent has no contracts. Neither Viewbix Parent nor, to Viewbix Parent’s
knowledge, any other party to the Material Agreements, is in breach of or default under any of such contracts.

 

    	6

    	 

    

 

4.9
Taxes. Except as disclosed in the SEC Reports or as otherwise set forth in writing to Gix Media, Viewbix Parent has filed all
necessary federal, state and foreign income and franchise tax returns and has paid or accrued all taxes shown as due thereon, and Viewbix
Parent has no knowledge of a tax deficiency which has been or might be asserted or threatened against it.

 

4.10
Conformity of Descriptions. The Viewbix Parent Common Stock, when issued, will conform in all material respects to the descriptions
of Viewbix Parent’s shares of common stock contained in Viewbix Parent’s SEC Reports and other filings with the SEC.

 

4.11
Investment Company. Viewbix Parent is not, and is not an affiliate of, an “investment company” within the meaning
of the Investment Company Act of 1940, as amended.

 

4.12
Disclosure Controls. Viewbix Parent has disclosure controls and procedures (as defined in Rule 13a-15 under the Securities Exchange
Act of 1934, as amended) that are designed to ensure that material information relating to Viewbix Parent is made known to Viewbix Parent’s
principal executive officer and Viewbix Parent’s principal financial officer or persons performing similar functions.

 

4.13
Disclosure. All disclosure provided to Gix Media regarding Viewbix Parent, its business and the transactions contemplated hereby,
including the exhibits to this Agreement, furnished by Viewbix Parent with respect to the representations and warranties made herein
are true and correct with respect to such representations and warranties and do not contain any untrue statement of a material fact or
omit to state any material fact necessary in order to make the statements made therein, in light of the circumstances under which they
were made, not misleading. Viewbix Parent acknowledges and agrees that Gix Media makes or has made no representations or warranties with
respect to the transaction contemplated hereby other than those specifically set forth in Section 9 hereof.

 

	5.	Representations
    and Warranties of Merger Sub

 

Merger
Sub represents and warrants to Gix Media that, as of the date hereof, except for those representations and warranties that speak of a
different date:

 

5.1
Organization, Standing and Corporate Power of Merger Sub. Merger Sub is duly incorporated, validly existing and in good standing
under the laws of the State of Israel and has the requisite corporate power and authority to carry on its business as now being conducted.
Merger Sub is duly qualified or licensed to do business and is in good standing in each jurisdiction in which the nature of its business
or the ownership or leasing of its properties makes such qualification or licensing necessary, other than in such jurisdictions where
the failure to be so qualified or licensed (individually or in the aggregate) would not have a Material Adverse Effect with respect to
Merger Sub. As used herein the term “Material Adverse Effect” or “Material Adverse Change” shall mean any change
or effect that either individually or in the aggregate with all other such changes or effects is materially adverse to the business,
assets, properties, condition (financial or otherwise) or results of operations of the Parties or Merger Sub taken as a whole.

 

5.2
Capitalization. None of the outstanding shares of Merger Sub Share Capital are entitled or subject to any preemptive right, right
of repurchase or forfeiture, right of participation, right of maintenance or any similar right; (ii) there are no outstanding bonds,
debentures, notes or other indebtedness of Merger Sub having a right to vote on any matters on which the shareholders of Merger Sub have
a right to vote; (iii) there is no outstanding contract pursuant to which Merger Sub is compelled to take action vis-à-vis the
voting or registration of, or restricting any person from purchasing, selling, pledging or otherwise disposing of (or from granting any
option or similar right with respect to), any shares of Merger Sub Share Capital. Merger Sub is not under any obligation, and no contract
pursuant to which Merger Sub is a party includes any provision, pursuant to which Merger Sub may become obligated, to repurchase, redeem
or otherwise acquire any outstanding shares of Merger Sub Share Capital or other securities, or to register such shares with the SEC.

 

    	7

    	 

    

 

5.3
Authority; Non-Contravention. Merger Sub has all requisite authority to enter into this Agreement and to consummate the transactions
contemplated by this Agreement. The execution and delivery of this Agreement by Merger Sub and the consummation by Merger Sub of the
transactions contemplated by this Agreement have been (or at Merger Effective Date will have been) duly authorized by all necessary corporate
action on the part of Merger Sub. This Agreement has been duly executed and delivered by and constitutes a valid and binding obligation
of Merger Sub, enforceable in accordance with its terms. The execution and delivery of this Agreement does not, and the consummation
of the transactions contemplated by this Agreement and compliance with the provisions of this Agreement will not, conflict with, or result
in any breach or violation of, or default (with or without notice or lapse of time, or both) under, or give rise to a right of termination,
cancellation or acceleration of or “put” right with respect to any obligation or to loss of a material benefit under, or
result in the creation of any lien upon any of the properties or assets of Merger Sub under, (i) the articles of association of Merger
Sub, (ii) any loan or credit agreement, note, bond, mortgage, indenture, lease or other agreement, instrument, permit, concession, franchise
or license applicable to Merger Sub or their respective properties or assets, or (iii) subject to the governmental filings and other
matters referred to in the following sentence, any judgment, order, decree, statute, law, ordinance, rule, regulation or arbitration
award applicable to Merger Sub or their respective properties or assets, other than, in the case of clauses (ii) and (iii), any such
conflicts, breaches, violations, defaults, rights, losses or liens that individually or in the aggregate could not have a Material Adverse
Effect with respect to Merger Sub or could not prevent, hinder or materially delay the ability of Merger Sub to consummate the transactions
contemplated by this Agreement. No consent, approval, order or authorization of, or registration, declaration or filing with, or notice
to, any governmental entity is required by or with respect to Merger Sub in connection with the execution and delivery of this Agreement
by Merger Sub or the consummation by Merger Sub, as the case may be, of any of the transactions contemplated by this Agreement.

 

5.4
No Disqualification Event. Neither Merger Sub, nor any of their respective directors, executive officers, general partners, managing
members or other officers is subject to any Disqualification Event except for a Disqualification Event that: (i) is contemplated by Rule
506(d)(2) of the Securities Act; and (ii) a description of which has been furnished in writing to Gix Media prior to the date hereof.

 

5.5
Disclosure. The information relating to Merger Sub to be supplied by or on behalf of Merger Sub for inclusion or incorporation
by reference in any reports required by the SEC in connection with the Merger will not, on the date such SEC report is first filed with
the SEC, contain any untrue statement of any material fact, or omit to state any material fact required to be stated therein or necessary
in order to make the statements therein, in light of the circumstances under which they are made, not false or misleading at the time
and in light of the circumstances under which such statement is made.

 

5.6
Legal Proceedings. There is no pending legal proceeding, and, to the knowledge of Merger Sub, no Person has threatened in writing
to commence any legal proceeding: (i) that involves Merger Sub, or to the knowledge of Gix Media, any director or officer of Merger Sub
(in his or her capacity as such) or any of the material assets owned or used by Merger Sub; or (ii) that challenges, or that would reasonably
be expected to have the effect of preventing, delaying, making illegal or otherwise interfering with, the transactions contemplated hereunder.
To the knowledge of Merger Sub, no event has occurred, and no claim, dispute or other condition or circumstance exists, that will, or
that would reasonably be expected to, give rise to or serve as a basis for the commencement of any such legal proceeding.

 

	6.	Tax.

 

Simultaneous
with the date hereof, Gix Media shall prepare and, after coordinating in good faith with Viewbix Parent and Merger Sub, and its Israeli
counsel, file with the ITA an application for a tax ruling (“Tax Ruling”) that will seek to determine that (i) with
respect to holders of Gix Media Shares and/or Gix Media Warrants that are non-Israeli residents (as defined in the Israel Income Tax
Ordinance [New Version], 1961 (the “Income Tax Ordinance”) or as will be determined by the ITA), (A) exempting Viewbix
Parent, Merger Sub and their respective agents from any obligation to withhold Israeli tax from any consideration payable or otherwise
deliverable pursuant to the Merger or clarifying that no such obligation exists, or (B) instructing Viewbix Parent, Merger Sub and their
respective agents on how such withholding is to be executed, the rate or rates of withholding to be applied and how to identify any such
non-Israeli residents; and (ii) with respect to holders of Gix Media Shares and/or Gix Media Warrants that are Israeli residents (as
defined in the Ordinance or as will be determined by the ITA) (other than Gix Media Shares subject to Section 102 of the Ordinance) (x)
exempting Viewbix Parent, Merger Sub and their respective agents from any obligation to withhold Israeli tax from any consideration payable
or otherwise deliverable pursuant to the Merger, or clarifying that no such obligation exists, or (y) instructing Viewbix Parent, Merger
Sub and their respective agents on how such withholding is to be executed, the rate or rates of withholding to be applied. Gix Media
shall inform and update Viewbix Parent and Merger Sub, and its Israeli counsel, of any correspondence, meetings, discussions and calls
with the ITA with respect to the Tax Ruling. The final text of the Tax Ruling shall be subject to the approval of Viewbix Parent and
Merger Sub, such approval not to be unreasonably withheld, conditioned or delayed. If the Tax Ruling is not obtained, each of Viewbix
Parent, Merger Sub, and its Israeli counsel,, the Exchange Agent and their respective agents (each, a “Payor”) shall
be entitled to deduct and withhold (or cause to be deducted and withheld) from any consideration payable pursuant to this Agreement (i.e.
the shares of Viewbix Parent Common Stock) such amounts as are required to be deducted and withheld, if any, under applicable tax law.
To the extent that amounts are so withheld and timely remitted to the applicable governmental authority, such withheld amounts shall
be treated for all purposes of this Agreement as having been paid to the person in respect of which such deduction and withholding was
made. The Parties shall cooperate in good faith to eliminate or reduce any such deduction or withholding (including through the request
and provision of any statements, forms or other documents to reduce or eliminate any such deduction or withholding. To the extent that
the Payor is obliged to withhold Israeli taxes, each Gix Media shareholder (each, a “Payee”) shall provide the Payor
with the amount in cash due with regards to such Israeli taxes prior to the Merger Effective Date. In the event that the Payee fails
to provide the Payor with the full cash amount necessary to satisfy such Israeli taxes (as determined in the sole discretion of the applicable
Payor) prior to the Merger Effective Date, the Payor shall be entitled to sell the Payee’s shares of Viewbix Parent Common Stock
to the extent necessary to satisfy the full amount due with regards to such Israeli taxes (after taking into account any taxes due, if
any, with respect to the sale of such Viewbix Parent Common Stock). Each Payee hereby waives, releases and absolutely and forever discharges
the Payor from and against any and all claims for any losses in connection with the forfeiture or sale of any portion of the shares of
Viewbix Parent Common Stock otherwise deliverable to such Payee in compliance with the withholding requirements under this section‎.

 

    	8

    	 

    

 

	7.	Closing
    Conditions

 

	 	a.	The
    consummation of the Merger shall be subject to receipt of all the rulings, consents and approvals as listed in this Section 7 (the
    “Closing Conditions”). The Parties shall be permitted to waive any such Closing Condition provided, however, such
    Closing Condition is not required by applicable law:

 

	 	1)	the
    Tax Ruling has been obtained;
	 	 	 
	 	2)	Viewbix
    Parent shall cause all convertible securities of Viewbix Parent outstanding immediately prior to the Merger Effective Date to be
    automatically converted into a number of shares of Viewbix Parent Common Stock at the then-effective conversion rate as calculated
    pursuant to the terms of such convertible security such that, following the foregoing conversion, all of the convertible securities
    of Viewbix Parent shall no longer be outstanding and shall cease to exist and each holder of any such convertible securities shall
    thereafter cease to have any rights with respect to such securities;
	 	 	 
	 	3)	Viewbix
    Parent shall have changed its name from “Viewbix Inc.” to “Gix Media, Inc.”;
	 	 	 
	 	4)	the
    shareholders of Gix Media and Merger Sub shall have approved this Agreement and the Merger, as required by the Companies Law;
	 	 	 
	 	5)	Gix
    Media has received the approval and/or consent of any other third party (including financial institutions such as Bank Leumi, as
    may be required in accordance with the Leumi LSA), if and as required for the consummation of the Merger under any agreement and/or
    law;
	 	 	 
	 	6)	at
    least fifty (50) days shall have elapsed after the filing of the Merger Proposal with the Companies Registrar, and at least thirty
    (30) days shall have elapsed after receipt of approval of the shareholders of Gix Media and Merger Sub; and
	 	 	 
	 	7)	Gix
    Media (as the absorbing company) shall have received the merger certificate from the Companies Registrar in accordance with Section
    323(5) of the Companies Law.

 

	 	b.	The
    Parties shall use their reasonable best efforts and cooperate as required to fulfill, as promptly as practicable after the date of
    this Agreement, all the Closing Conditions required in connection with the Merger, and for such purpose they shall contact all relevant
    entities and/or authorities, and likewise provide information and execute undertakings customarily requested by such entities and/or
    authorities as condition for approvals. In addition, the Parties hereunder shall update each other on an ongoing basis as to any
    material development or setback in this regard.

 

	8.	Miscellaneous

 

	 	a.	The
    preamble of this Agreement constitutes an inseparable part hereof. The descriptive headings contained in this Agreement are included
    for convenience of reference only and shall not affect in any way the meaning or interpretation of this Agreement. Whenever the word
    “include,” “includes,” or “including” appears in this Agreement, it shall be deemed in each instance
    to be followed by the words “without limitation”.

 

    	9

    	 

    

 

	 	b.	This
    Agreement constitutes the entire agreement among the Parties with respect to the subject matter hereof, and supersedes all prior
    agreements and understandings, both written and oral, among the parties with respect to the subject matter of this Agreement.
	 	 	 
	 	c.	This
    Agreement may be amended, supplemented or modified only by a written instrument duly executed by or on behalf of each party to this
    Agreement. For avoidance of doubt, the Parties may by mutual written consent advance or extend the time for the performance of any
    of the obligations or other acts stipulated under this agreement.
	 	 	 
	 	d.	No
    delay or omission to exercise any right, power, or remedy accruing to any Party upon any breach or default under this Agreement,
    shall be deemed a waiver of any other breach or default theretofore or thereafter occurring. Any waiver, permit, consent, or approval
    of any kind or character on the part of any Party of any breach or default under this Agreement, or any waiver on the part of any
    Party of any provisions or conditions of this Agreement, must be in writing and shall be effective only to the extent specifically
    set forth in such writing.
	 	 	 
	 	e.	All
    taxes, tariffs, fees and other expenses levied by law in connection with this Agreement and/or its execution shall be paid by the
    Party upon which such tax, tariff, fee or other expense was levied.
	 	 	 
	 	f.	Any
    dispute arising under or in relation to this Agreement shall be resolved in, and the sole and exclusive jurisdiction shall be with,
    the competent court located in Tel Aviv-Jaffa, and each of the parties hereby submits irrevocably to the jurisdiction of such courts.
    This Agreement shall be solely governed by, and construed in accordance with, the laws of the State of Israel.
	 	 	 
	 	g.	This
    Agreement is not intended to and shall not confer upon any person or entity other than the Parties hereto any rights or remedies
    hereunder.
	 	 	 
	 	h.	If
    any term or other provision of this Agreement or the application hereof is declared invalid, illegal or incapable of being enforced
    by any rule of law or public policy, all other conditions and provisions of this Agreement shall nevertheless remain in full force
    and effect so long as the economic or legal substance of the Merger is not affected in any manner materially adverse to any Party.
    If the final judgment of a court of competent jurisdiction or other authority declares that any term or provision hereof is invalid,
    void or unenforceable, the Parties agree that they shall negotiate in good faith to modify this Agreement so as to effect the original
    intent of the Parties as closely as possible in a mutually acceptable manner in order that the Merger be consummated as originally
    contemplated to the fullest extent possible.
	 	 	 
	 	i.	The
    Parties hereto undertake to take any supplementary action and/or execute any other instrument reasonably required of them for the
    purpose of implementing this Agreement.

 

[Signature
page follows]

 

    	10

    	 

    

 

IN
WITNESS WHEREOF the Parties have signed this Agreement as of the date first hereinabove set forth.

 

	GIX
    MEDIA LTD.	 	 
	 	 	 	 
	By:
    	/s/
    Amihay Hadad	 	/s/ Itay Brookmayer
	 	 	 	 
	Name:	Amihay
    Hadad	 	Itay Brookmayer
	 	 	 	 
	Title:	Director	 	CEO

 

	VIEWBIX
    INC.	 	 
	 	 	 	 
	By:	/s/
    Amihay Hadad	 	/s/ Alon Dayan
	 	 	 	 
	Name:	Amihay
    Hadad	 	Alon Dayan
	 	 	 	 
	Title:	CEO	 	Director

 

	VMEDIA
    MERGER SUB LTD.	 
	 	 	 
	By:	/s/
    Amihay Hadad	 
	 	 	 
	Name:	Amihay
    Hadad	 
	 	 	 
	Title:	Director
	 

 

[Signature
Page of Merger Agreement]

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00337-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00337-of-00352.parquet"}]]