Document:

THE COMPANY'S 2005 INTERNATIONAL SHARE OPTION AND RESTRICTED SHARE PLAN

 Exhibit 4(c)(8) 
 VIRYANET LTD. 
  

 2005 INTERNATIONAL SHARE OPTION AND RESTRICTED SHARE PLAN 
  

 ADOPTED: NOVEMBER 30, 2005 
  

 VIRYANET LTD. 
 2005 INTERNATIONAL SHARE OPTION AND RESTRICTED SHARE INCENTIVE PLAN 
 Unless otherwise defined,
capitalized terms used herein shall have the meaning ascribed to them in Section 2 hereof. 
  

	1.	PURPOSE; TYPES OF AWARDS; CONSTRUCTION. 

  

	 	1.1.	Purpose. The purpose of the ViryaNet Ltd. 2005 International Share Option and Restricted Share Incentive Plan (the “Plan”) is to afford an incentive to
selected Employees, Directors, Officers, service providers, Consultants and any other person or entity which the Board shall decide their services are considered valuable to ViryaNet Ltd. (the “Company”), or any Subsidiary or
Affiliate of the Company (each an “Affiliated Company”), which now exists or hereafter is organized or acquired by the Company, to acquire a proprietary interest in the Company, to continue as Employees, Directors, Officers,
Consultants or suppliers, to increase their efforts on behalf of the Company or any Affiliated Company and to promote the success of the Company’s business. 

  

	 	1.2.	 Types of Awards. The Plan is intended to enable the Company to issue Awards under varying tax regimes, including without limitation (i) as
“incentive stock options” within the meaning of Section 422 of the United States Internal Revenue Code of 1986, as amended (the “US Tax Code”), (“Incentive Stock Options”); (ii) Non-Qualified
Stock Options (as defined below); (iii) Restricted Shares (“Restricted Shares”) under the Plan; and (iv) other Share-based Awards pursuant to Section 10 hereof (all Incentive Stock Options, Non-Qualified Share
Options, and Previous Awards as well as other Share-based Awards and options issued under other tax regimes collectively, the “Awards”). Apart from issuance under the relevant tax regimes of the United States of America, the Plan
contemplates issuances to Grantees (as defined below) in other jurisdictions with respect to which the Committee (as defined below) is empowered to make the requisite adjustments in the Plan, and set forth the relevant conditions in the
Company’s agreements with the Grantees or adopt a separate appendix to this plan which will set forth specific terms and conditions for such grants, in order to comply with the requirements of the tax regimes in any such other 

  

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jurisdictions. Awards under this plan, which shall be granted to Grantees in jurisdictions other than the US, or Awards to Grantees who are not deemed to be
residents of the US for taxation purposes, will be granted under specific terms and conditions as set forth in the applicable appendix to this Plan. 

  

	 	1.3.	Construction. To the extent any provision herein conflicts with the conditions of any relevant tax law or regulation which are relied upon for tax relief in respect of a
particular Award granted to a Grantee, the provisions of said law or regulation shall prevail over those of the Plan, and the Committee (as defined below) is empowered hereunder to interpret and enforce the said prevailing provisions. The Plan
contemplates the issuance of Awards by the Company as a publicly traded company. 

  

	2.	DEFINITIONS. 

 As used in this Plan, the
following words and phrases shall have the meanings ascribed to them in this Section 2: 
  

	 	2.1.	“Affiliate” shall mean an entity, which controls or is under the common control with the Company. 

  

	 	2.2.	“Award” shall mean any share, Option, Restricted Shares or any other Share-based award, granted to a Grantee under the Plan and any share issued pursuant to the
exercise of an Option. 

  

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

  

	 	2.4.	“Committee” shall mean a committee designated and empowered by the Board, with the responsibility of administering the Plan, and in the absence of such designation,
the Board. 

  

	 	2.5.	“Companies Law” – shall mean the Israeli Companies Law 5759– 1999, as amended from time to time and any regulations, rules, orders or procedures
promulgated thereunder. 

  

	 	2.6.	“Consultant” means any person, including an advisor, engaged by the Company, or an Affiliated Company thereof, to render consulting or advisory
services. 

  

	 	2.7.	“Date of Grant” shall mean the date specified in the Notice of Share Option Grant or Restricted Share Grant, which date shall be the later of
(i) the date on which the Board resolved to grant the Option or the Restricted Share, or (ii) the first day of the Grantee’s service. 

  

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	 	2.8.	“Director” means a member of the Board. 

  

	 	2.9.	“Disability” shall mean, unless otherwise specified in the Option Agreement or the Restricted Share Agreement, a Grantee’s inability to perform his duties to
the Company, or any of its Affiliated Companies, by reason of any medically determinable physical or mental impairment, as determined by a physician selected by the Grantee and acceptable to the Company. 

  

	 	2.10.	“Employee” means any person employed by the Company or an Affiliated Company thereof. 

  

	 	2.11.	“Exercise Period” shall mean the period during which the Option shall be exercisable. 

  

	 	2.12.	“Exercise Price” shall mean the amount for which one Share may be purchased upon exercise of an Option, as specified in the Notice of Share Option Grant.

  

	 	2.13.	“Fair Market Value” per share as of a particular date shall mean (i) if the Shares are traded on a securities exchange, the closing sales price per Share on
the securities exchange on which the Shares are principally traded for the last preceding date on which there was a sale of such Shares on such exchange; or (ii) if the Shares are then traded in an over-the-counter market, the average of the
closing bid and asked prices for the Shares in such over-the-counter market for the last preceding date on which there was a sale of such Shares in such market; or (iii) if the Shares are not then listed on a securities exchange or market or
traded in an over-the-counter market, such value as the Committee, in its sole discretion, shall determine, which determination shall be conclusive and binding on all parties, and shall be made after such consultations with outside legal, accounting
and other experts as the Committee may deem advisable, and the Committee may maintain a written record of its method of determining such value. If the Stock is listed or quoted on more than one established stock exchange or national market system,
the Committee shall determine the appropriate exchange or system. 

  

	 	2.14.	“Grantee” shall mean a person who receives a grant of Options, Restricted Shares, Shares or other Awards under the Plan, who at the time of grant is an Employee,
Officer, Director, service provider or Consultant, and any other person or entity which the Board shall decide their services are considered valuable to, the Company or any Affiliated Companies of the Company. 

  

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	 	2.15.	“Retirement” shall mean a Grantee’s retirement pursuant to applicable law or in accordance with the terms of any tax-qualified retirement plan maintained by
the Company, or any of its affiliates, in which the Grantee participates. 

  

	 	2.16.	“Shares” shall mean Ordinary Shares, par value of NIS 1.0 each, of the Company. 

  

	3.	ADMINISTRATION. 

  

	 	3.1.	To the extent permitted under applicable law, the Plan shall be administered by the Committee. However, in the event that the Board does not designate and empower a committee with
the responsibility of administering the Plan, the Plan shall be administered by the Board in its entirety. Furthermore, in the event that an action necessary for the administration of the Plan is required under law to be taken by the Board, then
such action shall be so taken by the Board. In any such event, all references herein to the Committee shall be construed as references to the Board. 

  

	 	3.2.	Subject to applicable law, all decisions, determination and interpretations of the Committee shall be final and binding on all Grantees of any Awards under this Plan. No member of
the Committee or the Board shall be liable for any action taken or determination made in good faith with respect to the Plan or any Award granted hereunder. 

  

	 	3.3.	Subject to the Company’s decision and to all approvals legally required, each member of the Board or the Committee shall be indemnified and held harmless by the Company against
any cost or expense (including counsel fees) reasonably incurred by him, or any liability (including any sum paid in settlement of a claim with the approval of the Company) arising out of any act or omission to act in connection with the Plan unless
arising out of such member’s own willful misconduct or bad faith, to the extent permitted by applicable law. Such indemnification shall be in addition to any rights of indemnification the member may have as a director or otherwise under the
Company’s Articles of Association, any agreement, any vote of shareholders or disinterested directors, insurance policy or otherwise. 

  

	 	3.4.	The Committee shall have the authority in its discretion to administer the Plan and to exercise all power and authority specifically granted to it under the Plan or take any actions
necessary or advisable in the administration of the Plan, including, without limitation: 

  

	 	3.4.1.	the authority to grant Options, Restricted Shares, Shares or other Awards; 

  

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	 	3.4.2. 	to designate the type of Options (whether Incentive Stock Options, Nonqualified Stock Options or otherwise); 

  

	 	3.4.3. 	to determine the Exercise Price of the Shares covered by each Option; 

  

	 	3.4.4. 	to determine the Fair Market Value of the Shares covered by each Option; 

  

	 	3.4.5. 	to determine the Grantees to whom, and the time or times at which Awards shall be granted; 

  

	 	3.4.6. 	to determine the number of Shares to be covered by each Award; 

  

	 	3.4.7. 	to interpret the Plan; 

  

	 	3.4.8. 	to prescribe, amend and rescind rules and regulations relating to the Plan; 

  

	 	3.4.9. 	to determine the terms and provisions of the Option Agreements and Restricted Share Agreement, including without limitations the vesting terms of the Options and Restricted Shares
(which need not be identical), and to cancel or suspend Awards, as necessary; and 

  

	 	3.4.10. 	to make all other determinations or amendments deemed necessary or advisable for the administration of the Plan, including to adjust the terms of the Plan or any Option Agreement or
any Restricted Share Agreement so as to reflect (i) changes in applicable Israeli, US or other laws respectively, and (ii) the laws of other jurisdictions within which the Company wishes to grant Awards. 

  

	 	3.5.	 To the extent not otherwise prohibited or restricted by the laws or regulatory regime effective from time to time of any country in which the Company’s
securities are listed or in which Options are granted, the Board of Directors may, at any time and from time to time, terminate or amend the Plan in any respect. In no event may any action of the Company alter 

  

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or impair the rights of a Grantee with respect to Awards granted to the Grantee prior to the date of such action, without such Grantee’s consent.

  

	 	4.	ELIGIBILITY. 

  

	 	4.1.	Incentive Stock Options may only be granted to Employees, Officers and Directors which are Employees, who are US residents. Other Awards (other than Incentive Stock Options) shall
be granted to non-US Employees, Consultants and service providers, provided, however, that any member of the Committee shall be eligible to receive Awards under the Plan while serving on the Committee, unless otherwise specified herein. A person who
has been granted an Award hereunder may be granted additional Awards, if the Committee shall so determine. In determining the persons to whom Awards shall be granted and the number of Shares to be covered by each Award, the Committee shall take into
account the duties of the respective persons, their present and potential contributions to the success of the Company and such other factors as the Committee shall deem relevant in connection with accomplishing the purpose of the Plan.

  

	 	4.2.	Notwithstanding anything to the contrary in this Plan, Awards granted pursuant to this Plan to any person serving as an Officer or any other party whose grant of an Award requires
under the Companies Law additional corporate approvals by the Company shall be approved in the manner prescribed for under the Companies Law or any successor act or regulation, as in effect from time to time. 

  

	5.	SHARES. 

  

	 	5.1.	The maximum number of Shares reserved for the grant of Awards under the Plan shall be the aggregate number of un-granted Shares as of the date on which this Plan is adopted by the
Board, reserved for issuance under the Company’s 1996 Stock Option and Incentive Plan, 1997 Stock Option and Incentive Plan, 1998 Stock Option and Incentive Plan or 1999 Stock Option and Incentive Plan (the “Previous Plans”),
and the un-granted Shares as of the date of each grant, reserved for issuance under the Company’s 2005 Israeli Share Option and Restricted Share Plan (the “Israeli Plan”). Such Shares may, in whole or in part, be authorized but
unissued Shares or Shares that shall have been or may be reacquired by the Company. Any of such Shares which may remain unissued and which are not subject to outstanding options at the termination of the Plan shall cease to be reserved for the
purpose of the Plan, but until termination of the Plan, the Company shall at all times reserve a sufficient number of Shares to meet the requirements of the Plan. 

  

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	 	5.2.	If any outstanding Award under the Plan or any award, share or option award under the Company’s Previous Plans or any award share or option award under the Company’s
Israeli Plan (collectively “Other Awards”) should, for any reason, expire, be canceled or be forfeited without having been exercised in full, the Shares subject to the unexercised, canceled or terminated portion of such Award or Other
Awards shall (unless the Plan shall have been terminated) become available for subsequent grants of Awards under the Plan provided, however, that the cumulative number of such shares that may be so issued under the Plan will not exceed 1,410,331
shares. 

  

	6.	TERMS AND CONDITIONS OF OPTIONS. 

 Each Option granted pursuant to the Plan shall be evidenced by a written agreement between the Company and the Grantee (the “Option Agreement”), in such form and containing such terms and conditions as the Committee shall
from time to time approve, which Option Agreement shall comply with and be subject to the following terms and conditions, unless otherwise specifically provided in such Option Agreement. For purposes of interpreting this Section 6, a Director’s
service as a member of the Board or the services of an Officer, as the case may be, shall be deemed to be employment with the Company. 
  

	 	6.1.	Number of Shares. Each Option Agreement shall state the number of Shares to which the Option relates. 

  

	 	6.2.	Type of Award. Each Option Agreement shall specifically state the type of Award granted thereunder and whether it constitutes an Incentive Stock Option, Nonqualified Stock
Option, Restricted Shares or otherwise. 

  

	 	6.3.	 Exercise Price. Each Option Agreement shall state the Exercise Price, which, in the case of an Incentive Stock Option, shall not be less than one hundred
percent (100%) of the Fair Market Value of the Shares covered by the Option on the Date of Grant or such other amount as may be required pursuant to the US Tax Code. In the case of a Nonqualified Stock Option granted to any Grantee, other than
a Ten-Percent Shareholder, the per Share Exercise Price shall be no less than one hundred percent (100%) of the Fair Market Value per Share on the Date of Grant, unless otherwise determined by the Committee after verifying the implications of
applicable tax law including the provisions of Section 409A of the US Tax Code and the regulations promulgated thereunder. In the case of an Incentive Stock Option granted to any Ten-Percent Shareholder, the Exercise Price shall be no less than
110% of the Fair Market Value of the Shares covered by the Option on 

  

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the Date of Grant. In no event shall the Exercise Price of an Option be less than the par value of the Shares for which such Option is exercisable. The
Exercise Price shall also be subject to adjustment as provided in Section 11 hereof. 

  

	 	6.4.	Manner of Exercise. Option shall be exercisable pursuant to the terms under which they were awarded and subject to the terms and conditions of this plan. An Option may be
exercised, as to any or all whole Shares as to which the Option has become exercisable, by written notice, in such form and method as may be determined by the Company delivered in person or by mail to the Chief Financial Officer of the Company or
its designee, specifying the number of Shares with respect to which the Option is being exercised, along with payment of the Exercise Price for such Shares in the manner specified in the following sentence. The Exercise Price shall be paid in full
with respect to each Share, at the time of exercise, in cash. 

  

	 	6.5.	Exercise Period and Vesting Schedule. Each Option Agreement shall provide the vesting schedule for the Option as determined by the Committee. Unless otherwise resolved by the
Committee and stated in the Option Agreement, Options shall vest and become exercisable during a period of four (4) years of continued employment by, or service for, the Company or its Affiliated Companies as follows: twenty-five percent
(25%) of the Shares covered by the Option shall vest and become exercisable on the first anniversary of the date on which such Option is granted, and the remainder seventy five percent (75%) shall vest over the following three years in
twelve equal quarterly installments. The Committee, in its absolute discretion, may, on such terms and conditions as it may determine to be appropriate, accelerate or otherwise change the time and vesting schedule at which an Option or any portion
thereof (whether outstanding or granted) may be exercised. The Option Agreement may contain performance goals and measurements, and the provisions with respect to any Option need not be the same as the provisions with respect to any other Option.
The Exercise Period will be seven (7) years from the date of the grant of the Option, or such earlier period resulting from termination under Sections 6.6 or 6.7, in each case, unless otherwise determined by the Committee; provided, however,
that in the case of a grant of an Incentive Stock Option to a Ten Percent Shareholder, such Exercise Period shall not exceed five (5) years from the Date of Grant of such Option.  

  

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	 	6.6.	Termination. 

  

	 	6.6.1. 	Except as provided in this Section 6.6 and in Section 6.7 hereof, an Option may not be exercised unless the Grantee is then in the employ of, or maintaining a Director, Officer,
service provider or Consultant relationship with the Company, or an Affiliated Company thereof, issuing or assuming the Option in a transaction to which Section 424(a) of the US Tax Code applies, and unless the Grantee has remained continuously
so employed or in the Director, Officer, service provider or Consultant relationship since the Date of Grant of the Option. In the event that the employment or Director, Officer, service provider or Consultant relationship of a Grantee shall
terminate (other than by reason of death, Disability or Retirement), all Options of such Grantee that are vested and exercisable at the time of such termination may, unless earlier terminated in accordance with their terms, be exercised within
ninety (90) days after the date of such termination (or such different period as the Committee shall prescribe); provided, however, that if the Company shall terminate the Grantee’s employment for Cause (as defined below) (as
determined by the Committee), all Options theretofore granted to such Grantee (whether vested or not) shall, to the extent not theretofore exercised, terminate on the date of such termination or cessation of employment or performance of services,
unless otherwise determined by the Committee. In the case of a Grantee whose principal employer is an Affiliated Company, the Grantee’s employment shall also be deemed to be terminated for purposes of this Section 6.6 as of the date on which
such principal employer ceases to be an Affiliated Company. 

  

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	 	6.6.2. 	Notwithstanding anything to the contrary, the Committee, in its absolute discretion may, on such terms and conditions as it may determine appropriate, extend the periods for which
the Options held by any individual may continue to vest and be exercisable; provided, that such Options may lose their status as Incentive Stock Options under applicable law and be deemed Nonqualified Stock Options in the event that the period of
vesting and/or exercisability of any Option is extended beyond the later of: (i) ninety (90) days after the date of cessation of employment or performance of services; or (ii) the applicable period under Section 6.7 below.

  

	 	6.6.3. 	For any purpose under this Plan, the Grantee’s employment shall be deemed to continue while the Grantee is on a bona fide leave of absence, if such leave was approved by the
Company in writing and if continued crediting of employment for such purpose is expressly required by the terms of such leave or by applicable law (as determined by the Company). 

  

	 	6.6.4. 	For purposes of this Plan, the term “Cause” shall mean any of the following resulting from an act or omission of Grantee: (a) fraud, embezzlement or felony or
similar act; (b) failure to substantially perform duties as an Employee or to abide by the general policies of the Company applicable to all Employees (including, without limitation, policies relating to confidentiality and reasonable workplace
conduct); (c) an act of moral turpitude, or any similar act, to the extent that such act causes injury to the reputation of the Company; (d) any other act or omission which in the reasonable opinion of the Company could be financially
injurious to the Company or injurious to the business reputation of the Company; (e) any act or omission of Grantee which is otherwise defined as “cause” under the Grantees’ employment or service agreement.

  

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	 	6.7.	Death, Disability or Retirement of Grantee. If a Grantee shall die while employed by, or maintaining a Director, Officer, service provider or Consultant relationship with,
the Company or an Affiliated Company, or within ninety (90) days after the date of termination of such Grantee’s employment or Director, Officer, service provider or Consultant relationship (or within such different period as the Committee
may have provided pursuant to Section 6.6 hereof), or if the Grantee’s employment or Director, Officer, service provider or Consultant relationship shall terminate by reason of Disability, all Options theretofore granted to such Grantee (to the
extent otherwise vested and exercisable) may, unless earlier terminated in accordance with their terms, be exercised by the Grantee, or by the Grantee’s estate, or by a person who acquired the right to exercise such Options by bequest or
inheritance or otherwise by result of death or Disability of the Grantee, at any time within twelve months after the death or Disability of the Grantee (or such different period as the Committee shall prescribe). In the event that an Option
granted hereunder shall be exercised by the legal representatives of a deceased or former Grantee, written notice of such exercise shall be accompanied by a certified copy of letters testamentary or equivalent proof of the right of such legal
representative to exercise such Option. In the event that the employment or Director, Officer, service provider or Consultant relationship of a Grantee shall terminate on account of such Grantee’s Retirement, all Options of such Grantee that
are vested and exercisable at the time of such Retirement may, unless earlier terminated in accordance with their terms, be exercised at any time within ninety (90) days after the date of such Retirement (or such different period as the
Committee shall prescribe). 

  

	 	6.8.	Other Provisions. The Option Agreements evidencing Awards under the Plan shall contain such other terms and conditions not inconsistent with the Plan, as the Committee may
determine. 

  

	7.	NON-QUALIFIED STOCK OPTIONS. Options granted pursuant to this Section 7 are intended to constitute Non-Qualified Stock Options and shall be subject to the general
terms and conditions specified in Section 6 hereof and other provisions of the Plan, except for said provisions of the Plan applying to Options under a different tax law or regulation. 

  

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	8.	INCENTIVE STOCK OPTIONS. Options granted pursuant to this Section 8 are intended to constitute Incentive Stock Options and shall be subject to both the following
special terms and conditions and the general terms and conditions specified in Section 6 hereof, and other provisions of the Plan, except for said provisions of the Plan applying to Options under a different tax law or regulation:

  

	 	8.1.	Value of Shares. The aggregate Fair Market Value (determined as of the date the Incentive Stock Option is granted) of the Shares with respect to which Incentive Stock Options
(including Restricted Shares) granted under this Plan and all other option plans of any Affiliated Company become exercisable for the first time by each Grantee during any calendar year shall not exceed $100,000 with respect to such Grantee. To the
extent that the aggregate Fair Market Value of Shares with respect to which the Incentive Stock Options are exercisable or Restricted Shares are granted for the first time by any Grantee during any calendar years exceeds $100,000, such Options or
Restricted Shares, as the case may be, shall be treated as Non-Qualified Share Options. The foregoing shall be applied by taking options into account in the order in which they were granted, with the Fair Market Value of any Share to be determined
at the time of the grant of the Option or Restricted Shares. In the event the foregoing results in the portion of an Incentive Stock Option exceeding the $100,000 limitation, only such excess shall be treated as a Non-Qualified Share Option.

  

	 	8.2.	Ten Percent Shareholder. In the case of an Incentive Stock Option granted to a Ten Percent Shareholder, (i) the Exercise Price shall not be less than one hundred ten
percent (110%) of the Fair Market Value of the Shares on the Date of Grant of such Incentive Stock Option, and (ii) the Exercise Period shall not exceed five (5) years from the Date of Grant of such Incentive Stock Option.

  

	9.	RESTRICTED SHARES. The Committee may award Restricted Shares to any eligible Employee, Director, Officer or Consultant, including under the US Tax Code. Each Award of
Restricted Shares under this Plan shall be evidenced by a written agreement between the Company and the Grantee (the “Restricted Shares Agreement”), in such form as the Committee shall from time to time approve, which Restricted
Shares Agreement shall comply with and be subject to the following terms and conditions, unless otherwise specifically provided in such Agreement: 

  

	 	9.1.	Number of Shares &Type. Each Restricted Shares Agreement shall state the number of Restricted Shares to be subject to an Award. 

  

	 	9.2.	 Restrictions. Restricted Shares may not be sold, assigned, transferred, pledged, hypothecated or otherwise disposed of, except by will or the laws of descent
and distribution, for such period as the Committee shall determine from the date on which the Award is granted (the “Restricted Period”). The Committee may also impose such additional or alternative 

  

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restrictions and conditions on the Restricted Shares, as it deems appropriate including the satisfaction of performance criteria. Such performance criteria
may include, without limitation, sales, earnings before interest and taxes, return on investment, earnings per share, any combination of the foregoing or rate of growth of any of the foregoing, as determined by the Committee. Certificates for Shares
issued pursuant to Restricted Shares Awards shall bear an appropriate legend referring to such restrictions, and any attempt to dispose of any such Shares in contravention of such restrictions shall be null and void and without effect. During the
Restricted Period, such certificates shall be held in escrow by an escrow agent appointed by the Committee. In determining the Restricted Period of an Award the Committee may provide that the foregoing restrictions shall lapse with respect to
specified percentages of the awarded Shares on successive anniversaries of the date of such Award. 

  

	 	9.3.	Adjustment of Performance Goals. The Committee may adjust performance goals to take into account changes in law and accounting and tax rules and to make such adjustments as
the Committee deems necessary or appropriate to reflect the inclusion or the exclusion of the impact of extraordinary or unusual items, events or circumstances. The Committee may also adjust the performance goals by reducing the amount to be
received by any Grantee pursuant to an Award if and to the extent that the Committee deems it appropriate. 

  

	 	9.4.	Forfeiture. Subject to such exceptions as may be determined by the Committee, if the Grantee’s continuous employment or Director, officer, service provider or Consultant
relationship with the Company, or any Affiliated Company, shall terminate for any reason prior to the expiration of the Restricted Period of an Award, any Shares remaining subject to restrictions (after taking into account the provisions of Section
9.6) (“Unvested Restricted Shares”) shall thereupon be forfeited by the Grantee and transferred to, and reacquired by, the Company or an Affiliated Company at no cost to the Company or Affiliated Company, subject to all applicable
law. Upon consummation of the forfeiture of such Unvested Restricted Shares, the Grantee’s rights with respect to such Shares including inter alia the right to receive dividends with respect to such Shares shall lapse and shall be of no further
force and effect. Vested Restricted Shares are not subject to Forfeiture. 

  

	 	9.5.	Ownership. During the Restricted Period the Grantee shall possess all incidents of ownership of such Shares, subject to Section 9.2. 

  

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	 	9.6.	Accelerated Lapse of Restrictions. Upon the occurrence of any of the events listed in Section 11.2 and subject to Section 11.3, all restrictions then outstanding
with respect to Restricted Shares awarded hereunder shall automatically expire and be of no further force and effect. The Committee shall have the authority (and the Restricted Share Agreement may so provide) to cancel all or any portion of any
outstanding restrictions prior to the expiration of the Restricted Period with respect to any or all of the Restricted Shares awarded on such terms and conditions as the Committee shall deem appropriate. 

 For purposes of interpreting this Section 9, a Director’s service as a member of the Board or the services of an officer, as the case may be,
shall be deemed to be employment with the Company. 
  

	10.	OTHER SHARE-BASED AWARDS. The Committee may grant other Awards under the Plan pursuant to which Shares (which may, but need not, be Restricted Shares pursuant to
Section 9 hereof) are or may in the future be acquired, or Awards denominated in share units, including units valued on the basis of measures other than market value. The Committee may also grant share appreciation rights without the grant of an
accompanying option, which rights shall permit the Grantees to receive, at the time of any exercise of such rights, cash equal to the amount by which the Fair Market Value of all Shares in respect to which the right was granted exceeds the Exercise
Price thereof. Such other share based Awards may be granted alone, in addition to, or in tandem with any Award of any type granted under the plan and must be consistent with the purposes of the Plan. 

  

	11.	EFFECT OF CERTAIN CHANGES. 

  

	 	11.1.	General. In the event of a subdivision of the outstanding share capital of the Company, any payment of a share dividend (distribution of bonus shares), a recapitalization, a
reorganization (which may include a combination or exchange of shares), a consolidation, a share split, a spin-off or other corporate divestiture or division, a reclassification or other similar occurrence, the Committee shall make appropriate
adjustments in one or more of (i) the number of Shares available for Awards, (ii) the number of such Shares covered by outstanding Awards, and (iii) the Exercise Price per Share covered by the Awards, all as determined by the
Committee in its sole discretion whose determination in that respect shall be final, binding and conclusive; provided, however, that any fractional Shares resulting from such adjustment shall be rounded down to the nearest whole Share. Except as
expressly provided herein, no issuance by the Company of shares of any class, or securities convertible into shares of stock of any class, shall affect, and no adjustment by reason thereof shall be made with respect to, the number or exercise price
of Shares subject to an Option. 

  

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	 	11.2.	Merger and Sale of Company. In the event of (i) a sale of all or substantially all of the assets of the Company; or (ii) a sale (including an exchange) of all or
substantially all of the share capital of the Company; or (iii) the merger, consolidation, amalgamation or like transaction of the Company with or into another corporation resulting in fifty percent (50%) or more of the outstanding voting
power of the Company’s securities being held by parties other than the shareholders of the Company immediately prior to such transaction (all such transactions being herein referred to as a “Merger/Sale”), then, without the
Grantee’s consent and action - 

  

	 	11.2.1. 	The Committee in its sole discretion will use reasonable efforts to cause that any Award then outstanding be assumed or an equivalent Award shall be substituted by such successor
corporation (or, in such event that such transaction is effected through a subsidiary, the parent of such successor corporation), under substantially the same terms as the Award, provided that the Committee may determine in its discretion whether an
Award has been properly assumed or substituted, and provided further however, that in the event that the consideration to the shareholders of the Company in such Merger/Sale consists, in whole or in part, of cash or any consideration other than
shares of the successor corporation, the Committee may determine in its discretion that the Award will be assumed or substituted by an equivalent award exercisable solely into shares of the successor corporation with a value equal to the value of
the Shares issuable under the Award with such value to be determined by the Committee, which may, in its discretion, rely on independent valuation obtained from a third party selected by the Committee in good faith; and 

  

 - 16 - 

	 	11.2.2. 	In such case that such successor corporation or other entity does not agree to assume the Award or to substitute an equivalent Award and, if the Award is an Option (“Option
Award”), then the Committee may, in lieu of such assumption or substitution of the Option Award, either (i) provide for the Grantee to have the right to exercise the part of the Option Award which is exercisable as of the closing of
such Merger/Sale, under such terms and conditions as the Committee shall determine or such other greater portion of the Option Award (including un-exercisable Awards) as determined by the Committee, or (ii) provide for the cancellation of each
outstanding Option Award at the closing of said Merger/Sale, against payment to the Grantee of an amount in cash equal to (a) the fair market value of each Share covered by the Option Award that has vested as of the date of the Merger/Sale, as
reflected under the terms of the Merger/Sale and as determined by the Committee, that may, in its discretion, rely on independent valuation obtained from a third party selected by the Committee in good faith, minus (b) the Exercise Price of
each Share covered by the Option Award that has vested as of the date of the Merger/Sale. Any Option not exercised at the closing of the Merger/Sale shall be cancelled and be of no further force and effect. 

  

	 	11.2.3. 	Notwithstanding the foregoing, in the event of a Merger/Sale, the Committee may determine in its sole discretion that upon completion of such Merger/Sale, the terms of any Award be
otherwise amended and modified, as the Committee shall deem in good faith to be appropriate, and if an Option Award, that the Option Award shall confer the right to purchase any other security or asset, or any combination thereof, or that its terms
be otherwise amended or modified, as the Committee shall deem in good faith to be appropriate, provided that any such determination shall not adversely effect the rights attached to the Shares. 

  

 - 17 - 

	 	11.3.	Reservation of Rights. Except as expressly provided in this Section 11, the Grantee of an Award hereunder shall have no rights by reason of any subdivision or
consolidation of shares of any class or the payment of any bonus shares or any other increase or decrease in the number of shares of any class or by reason of any dissolution, liquidation, Merger/Sale, or consolidation, divestiture or spin-off of
assets or shares of another company; and any issue by the Company of shares of any class, or securities convertible into shares of any class, shall not effect, and no adjustment by reason thereof shall be made with respect to, the number or price of
Shares subject to an Award. The grant of an Award pursuant to the Plan shall not affect in any way the right of power of the Company to make adjustments, reclassifications, reorganizations or changes of its capital or business structures or to merge
or to consolidate or to dissolve, liquidate or sell, or transfer all or part of its business or assets or engage in any similar transactions. 

  

	12.	NON-TRANSFERABILITY OF AWARDS; SURVIVING BENEFICIARY. All Awards granted under the Plan shall not be transferable otherwise than by will or by the laws of descent and
distribution, and Awards may be exercised or otherwise realized, during the lifetime of the Grantee, only by the Grantee or by his guardian or legal representative, to the extent provided for herein. Shares issued upon an exercise of Options may be
freely transferred, subject to applicable laws and the other provisions of this Plan and the Option Agreement and the Restricted Share Agreement. A Grantee may file with the Committee a written designation of a beneficiary on such form as may be
prescribed by the Committee and may, from time to time, amend or revoke such designation. If no designated beneficiary survives the Grantee, the executor or administrator of the Grantee’s estate shall be deemed to be the Grantee’s
beneficiary. 

  

	13.	APPLICATION OF FUND. The proceeds received by the Company from the sale of Shares pursuant to Options granted under the Plan will be used for general corporate
purposes of the Company or any related company thereof or as otherwise determined by the Company. 

  

	14.	AGREEMENT BY GRANTEE REGARDING TAXES. 

  

	 	14.1.	 Any tax consequences arising form the grant or exercise of an Option, from the payment for Shares covered therebyfrom the sale of the Shares or the expiration of
the Restricted Period or from any other event or act (of the Company and/or its Affiliated Company and/or the Grantee) (each a “Tax Event”), hereunder, shall be borne solely by the Grantee. The Company and/or its Affiliated Company
shall withhold taxes according to the requirements under the applicable laws, rules, and regulations, including withholding taxes at source. 

  

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Furthermore, the Grantee shall agree to indemnify the Company and/or its Affiliated Company and hold them harmless against and from any and all liability for
any such tax or interest or penalty thereon, including without limitation, liabilities relating to the necessity to withhold, or to have withheld, any such tax from any payment made to the Grantee. 

  

	 	14.2.	The receipt of these Options or Restricted Shares and the acquisition of the Shares to be issued upon the exercise of the Options may result in tax consequences. The description of
tax consequences set forth in this Plan does not purport to be complete. THE GRANTEE IS ADVISED TO CONSULT WITH A TAX ADVISOR WITH RESPECT TO THE TAX CONSEQUENCES OF RECEIVING OR EXERCISING THE OPTIONS/SHARES. 

  

	 	14.3.	Each Grantee shall notify the Company in writing within ten (10) days after the date such Grantee first obtains knowledge of any tax bureau inquiry, audit, assertion,
determination, investigation, or question relating in any manner to the value of Shares or Awards granted or received hereunder, and each Grantee agrees to any settlement, closing or other similar agreement in connection with the foregoing. Upon
request, a Grantee shall provide to the Company any information or document relating to any event described in the preceding sentence, which the Company (in its sole discretion) requires in order to calculate and substantiate any change in the
Company’s tax liability as a result of such event 

  

	15.	RIGHTS AS A SHAREHOLDER; VOTING AND DIVIDENDS. Subject to Section 9.5, a Grantee or a transferee of an Award in accordance with Section 12 shall have no rights as a
shareholder with respect to any Shares covered by the Award until the date of the issuance of a share certificate to him for such Shares. No adjustment shall be made for dividends (ordinary or extraordinary, whether in cash, securities or other
property) or distribution of other rights for which the record date is prior to the date such share certificate is issued, except as provided in Section 11.1 hereof. The Company may restrict or otherwise regulate the rights to transfer or dispose of
any shares covered by an Award (including, without limitation, any limitations set forth herein, in the Option Agreement and in the Company’s Articles of Association, as in effect from time to time, and subject to any applicable taxation on
distribution of dividends). 

  

	16.	 NO RIGHTS TO EMPLOYMENT. Nothing in the Plan or in any Award granted, Option Agreement or Restricted Share Agreement entered into pursuant hereto
shall confer upon any Grantee the right to continue in the employ of, or in a Consultant, Director, Officer or service provider relationship with, the Company or any Affiliated Company or to be entitled to any remuneration or benefits not set forth
in the Plan or such Agreement or to 

  

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interfere with or limit in any way the right of the Company or any such Affiliated Company to terminate such Grantee’s employment. Awards granted under
the Plan shall not be affected by any change in duties or position of a Grantee as long as such Grantee continues to be employed by, or in a Consultant, service provider, Officer or Director relationship with, the Company or any Affiliated Company.

  

	17.	NO REPRESENTATION BY COMPANY. By approving the Awards, the Company shall not, and shall not be deemed as, granting any representation or warrants to the Grantee
regarding the Company, its business affairs, its prospects or the future value of its Shares. 

  

	18.	APPROVAL. 

  

	 	18.1.	The Plan shall take effect upon its adoption by the Board (the: “Effective Date”) and shall terminate on the tenth anniversary of such date. Notwithstanding the
foregoing, in the event that approval of the Plan by the shareholders of the Company is required under applicable law, in connection with the application of certain tax treatment or pursuant to applicable share exchange rules or regulations or
otherwise, such approval shall be obtained within the time required under the applicable law. 

  

	 	18.2.	Without derogating from section 18.1 above, and in addition thereto, the Plan shall be approved by the shareholders of the Company, which approval shall be received within twelve
(12) months following the Effective Date of the Plan. All and any grants of Options to Grantees under the Plan as of the Effective Date shall be subject to the said shareholders approval. 

  

	19.	PERIOD DURING WHICH AWARDS MAY BE GRANTED. Awards may be granted pursuant to the Plan from time to time within a period of ten (10) years from the date the Plan
is adopted by the Board. Anything herein to the contrary notwithstanding, but without derogating from the provisions of Section 6.6 hereof, if any Option, or any part thereof, has not been exercised and the Shares covered thereby not paid for
within seven (7) years after the date on which the Option was granted, as set forth in the Notice of Grant in the Grantee’s Option Agreement (or any other period set forth in the instrument granting such Option pursuant to Section 6),
such Option, or such part thereof, and the right to acquire such Shares shall terminate, all interests and rights of the Grantee in and to the same shall expire. In the case of Shares held in trust, the Grantee shall elect whether to release such
Shares form trust or sell the Shares, thereby realizing a tax event, and upon such release or sale such trust shall expire. 

  

	20.	 AMENDMENT AND TERMINATION OF THE PLAN. The Plan shall expire on the date, which is ten (10) years from the date of its adoption by the Board
(except as to Options outstanding on the expiration date). The Board at 

  

 - 20 - 

	 	 
any time and from time to time may suspend, terminate, modify or amend the Plan. Except as provided in Section 11.1 hereof, no suspension, termination,
modification or amendment of the Plan may adversely affect any Award previously granted, unless the written consent of the Grantee is obtained. 

 Notwithstanding anything to the contrary above and in addition thereto, the Board may also, but need not, require that the Company’s shareholders approve any other amendments to this Plan. Without derogating from
the above, no amendment of this Plan shall be effective unless approved by the shareholders of the Company within twelve (12) months before or after the adoption of the amendment by the Board if such approval is required, including but not
limited to, any amendment that will: 
 (i) increase the number of Shares reserved under the Plan, except as provided in Section 5 of the
Plan; or 
 (ii) modify the requirements as to eligibility for participation in the Plan to the extent that such modification requires
shareholders approval in order for the Plan to comply with Section 422 of the US Tax Code; or 
 (iii) modify the Plan in any other way
if such modification requires shareholders approval in order for the Plan to satisfy the requirements of Section 422 of the US Tax Code. 
  

	21.	NON-EXCLUSIVITY OF THE PLAN. Neither the adoption of the Plan by the Board, nor the submission of the Plan to shareholders of the Company for approval (to the extent
required under applicable law), shall be construed as creating any limitations on the power or authority of the Board to adopt such other or additional incentive, or other compensation arrangements, of whatever nature, as the Board may deem
necessary or desirable, or preclude or limit the continuation of any other plan, practice or arrangement for the payment of compensation or fringe benefits to employees generally, or to any class or group of employees, which the Company, or any
Affiliated Company, now has lawfully put into effect, including, without limitation, any retirement, pension, savings and share purchase plan, insurance, death and disability benefits and executive short-term or long-term incentive plans.

  

	22.	GOVERNING LAW. The Plan and all determinations made and actions taken pursuant hereto shall be governed by the laws of the State of Israel, provided however that the
tax treatment and the tax rules and regulations applying to the grant of Options to Grantees in any specific jurisdiction shall be the local tax laws of such jurisdiction. The competent courts of Tel Aviv Israel shall have sole jurisdiction in any
matters pertaining to the Plan. 

 No Awards shall be issued or delivered under the Plan unless and until there shall have been
compliance with all applicable requirements of all laws in Israel, the United States and any other jurisdiction in which Awards may be granted under the Plan and until all applicable listing requirements of any stock exchange or authority on which
Shares are then listed for trading is fulfilled. 
  

 - 21 - 

	23.	MARKET STAND-OFF. If so requested by the Company or any representative of the underwriters (the “Managing Underwriter”) in connection with any
registration of the offering of any securities of the Company under the securities laws of any jurisdiction, the Grantee shall not sell or otherwise transfer any Shares or other securities of the Company during a 180-day period or such other period
as may be requested in writing by the Managing Underwriter and agreed to in writing by the Company (the “Market Standoff Period”) following the effective date of registration statement of the Company filed under such securities
laws. The Company may impose stop transfer instructions with respect to securities subject to the foregoing restrictions until the end of such Market Standoff Period. 

  

	24.	RULES PARTICULAR TO SPECIFIC COUNTRIES. Notwithstanding anything herein to the contrary, the terms and conditions of the Plan may be amended with respect to a
particular country by means of an appendix to the Plan, and to the extent that the terms and conditions set forth in any appendix conflict with any provisions of the Plan, the provisions of the appendix shall govern. Terms and conditions set forth
in the Appendix shall apply only to Options issued to Grantees under the jurisdiction of the specific country that is the subject of the appendix and shall not apply to Options issued to Grantees not under the jurisdiction of such country. The
adoption of any such appendix shall be subject to the approval of the Board. 

  

	25.	MISCELLANEOUS. 

  

	 	25.1.	Each Award under the Plan may contain such other terms and conditions not inconsistent with the Plan (unless permitted hereunder), as may be determined by the Committee, in its sole
discretion. If any provision of the Plan, any Options Agreement or any Restricted Share Agreement, shall be determined to be illegal or unenforceable by any court of law in any jurisdiction, the remaining provisions hereof and thereof shall be
severable and enforceable in accordance with their terms, and all provisions shall remain enforceable in any other jurisdiction. 

  

	 	25.2.	With respect to words used in this Plan, the singular form shall include the plural form, the masculine gender shall include the feminine gender, as the context requires. The use of
captions in this Plan or any Options Agreement or Restricted Share Agreement is for the convenience of reference only, and shall not affect the meaning of any provision of the Plan or such agreement. 

  

	26.	CONVERSION OF INCENTIVE STOCK OPTIONS INTO NONQUALIFIED STOCK OPTIONS; TERMINATION OF INCENTIVE STOCK OPTIONS 

 The Board, at the written request of any Grantee, may in its discretion take such actions as may be necessary to convert such Grantee’s Incentive
Stock Options 

  

 - 22 - 

 
(or any portions thereof) that have not been exercised on the date of conversion into Nonqualified Stock Options at any time prior to the expiration of such
Incentive Stock Options, regardless of whether the Grantees is an Employee of the Company or a Subsidiary at the time of such conversion. Such actions may include, but not be limited to, extending the exercise period. At the time of such conversion,
the Board (with the consent of the Grantee) may impose such conditions on the exercise of the resulting Nonqualified Stock Options as the Board in its discretion may determine, provided that such conditions shall not be inconsistent with the Plan.
Nothing in the Plan shall be deemed to give any Grantee the right to have such Grantee’s Incentive Stock Options converted into Nonqualified Stock Options, and no such conversion shall occur unless and until the Board takes appropriate action.
The Board, with the consent of the Grantee, may also terminate any portion of any Incentive Stock Option that has not been exercised at the time of such conversion. 
  

	27.	NOTICE TO COMPANY OF DISQUALIFYING DISPOSITION 

 Each Employee who receives an Incentive Stock Option must agree to notify the Company in writing immediately after the Employee makes a Disqualifying Disposition of any Shares acquired upon the exercise of an Incentive Stock Option. A
Disqualifying Disposition is any disposition (including any sale) of such Shares before a date which is both (a) two (2) years after the date the Employee was granted the Incentive Stock Option, and (b) one (1) year after the
date the Employee acquired Shares by exercising the Incentive Stock Option. If the Employee has died before such Share is sold, these holding period requirements do not apply and no Disqualifying Disposition can occur thereafter. 
  

	28.	CALIFORNIA PROVISIONS 

 Notwithstanding the
foregoing Sections, any grant of Options made under the Plan to an Grantee who is a resident of the State of California at the Date of Grant, shall be subject to the below additional terms and conditions. 
  

	 	28.1.	For the purpose of grant of Options which are not Incentive Stock Option, the Fair Market Value shall be determined in a manner not inconsistent with Section 260.140.50 of the
California Code of Regulations or any successor statute. The Exercise Price of any Nonqualified Stock Options shall be not less than 85% of Fair Market Value on the Date of Grant. The Exercise Price of any Nonqualified Stock Options granted to a Ten
Percent Shareholder shall be not less than 110% of Fair Market Value on the Date of Grant. 

  

	 	28.2.	 Any Option granted under the Plan to an Grantee who is not an Officer, Director, or consultant of the Company or its affiliates shall become exercisable at a rate
of at least 20% (twenty percent) of the Shares subject to such grant per year for a period of five (5) years from the Date of Grant, provided, however, that such Option shall be subject to such reasonable 

  

 - 23 - 

	 	 
forfeiture conditions as the Board may choose to impose and which are not inconsistent with Section 260.140.41 of the California Code of Regulations or
any successor statute. 

  

	 	28.3.	The Company shall deliver to the Grantee financial statements on an annual basis regarding the Company. The financial statements so provided shall comply with
Section 260.140.46 of the California Code of Regulations or any successor statute. 

  

	 	28.4.	Incentive Stock Options granted under the Plan shall not be transferable other than by will or by laws of descent and distribution. 

  

	 	28.5.	Unless a Grantee’s employment is terminated for Cause, the Grantee shall have the right to exercise an Option, prior to the termination of the Option in accordance with
Section 8.5 of the Plan and only to the extent that the Grantee was entitled to exercise such Option on the date employment terminates, as follows: (i) at least six (6) months after the date of termination if the termination was
caused by the Grantee’s death or “permanent and total disability” (within the meaning of Section 22(e)(3) of the US Tax Code); and (ii) at least thirty (30) days after the date of termination if termination was caused
by other than by death or “permanent and total disability” (within the meaning of Section 22(e)(3) of the US Tax Code) of the Grantee. 

  

	 	28.6.	At no time shall the total number of Shares issuable upon exercise of all outstanding Options and the total number of shares provided for under all stock bonus or similar plans of
the Company exceed the applicable percentage as calculated in accordance with the conditions and exclusions of Section 260.140.45 of the California Code of Regulations or any successor statute. 

  

	 	28.7.	If the Share is listed on an established national or regional stock exchange or is admitted to quotation on the National Association of Securities Dealers Automated Quotation
System, or is publicly traded in an established securities market, the restrictions of this Section 28 shall terminate as of the first date that the Share is so listed, quoted or publicly traded. 

  

	 	28.8.	Notwithstanding any other provision of the Plan, California residents Grantees shall not be obliged to sign irrevocable proxy with respect to the voting rights related to Shares
allocated or issued upon the exercise of Options. 

 *        *        * 
  

 - 24 -Exhibit 4.16

 Exhibit 4.16 
 Summary of Translation 
 of 
 Agreement by and between 
 e-Future (Beijing) Tornado Information Technology
Inc. 
 and 
 Limen
(China) Group 
 On March 19, 2006 Limen (China) Group, Walt Disney China’s exclusive franchisee, manufacturer and strategic
partner in China, signed an exclusive strategic partnership agreement with e-Future Beijing in the aggregate amount of 10.47 million Chinese yuan. Pursuant to this agreement, e-Future will provide Limen with the enterprise software solutions
for Limen’s retail information system (integrated with e-Future ONE POS-ERP R2003, e-Future ONE Blue SCM R2005, e-Future ONE e-Card R2005, e-Future ONE BI V3) and with four years of outsourcing services. 
 Limen’s business plan is to open 100 Mickey’s Space chain stores in China by 2007 and 500 Mickey’s Space chain stores by 2010.
Mickey’s Space retail stores are expected to sell 20,000 different kinds of Walt Disney authorized products, covering furniture, electronic appliances, food, clothes, etc.

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