Document:

EX-10.43

 Exhibit 10.43 

 

					
	

	  		  	 Please check appropriate underwriting company:

 ̈        The Lincoln
National Life Insurance Company

 ̈        Lincoln Life
& Annuity Company of New York
 (hereinafter referred to as “the Company”)

 ASSIGNMENT OF LIFE INSURANCE OR ANNUITY POLICY AS COLLATERAL SECURITY 

 

							
	 Policy or

Contract Number(s)
	  	 LI7207030
	  	 Insured (life insurance)
 Owner (annuity)
	  	 Monaco Family Irrevocable
Insurance
Trust

							
		
	Assignee	  	 iPayment, Inc.

  

									
	Address	 	Tower 56 126 East 56th St 33rd
Floor	  	New York	  	NY	  	10022
		 	  

		 	Street	  	City	  	State	  	Zip Code

 This Collateral Assignment is made as collateral security for the purpose of securing the following indebtedness or
obligation (type and amount), including any future indebtedness or obligation of the Undersigned to the Assignee: 
  

	 ̈	Premium financing for the above identified policy or contract. 

  

			
	
x        Other, Please specify:
	  	 Split dollar agreement

 For Value Received, the Undersigned (except as to those rights specifically reserved under paragraph 2, below) hereby
assigns, transfers and conveys to the Assignee, as collateral security for the above-mentioned indebtedness or obligation, the policy (policies) or contract (contracts) identified above and all rights to the proceeds and benefits thereunder. If this
Collateral Assignment identifies above two or more policies or contracts, any reference to “policy” or “contract” shall refer to all of the assigned policies or contracts, both individually and collectively. 

This Collateral Assignment applies to any policy or contract to which the above policy or contract is changed or converted, and to any additions to, or
increases in, the above policy or contract. 
  

	1)	It is expressly agreed without detracting from the generality of the foregoing that the following specific rights are included in this Collateral Assignment and pass by
virtue hereof: 

  

	 	a)	The sole right to collect from the Company the net proceeds of the above policy or contract, or of any benefit or rider which is part of the above policy or contract,
when those net proceeds become payable as a death claim, maturity or periodic payment. 

  

	 	b)	The sole right, as permitted by the terms of the above policy or contract, to surrender the policy or contract in whole, or in part, including the right to make a full
or partial surrender of any benefits or values provided by any policy rider or benefits. 

  

	 	c)	The sole right, as permitted by the terms of the above policy or contract, to borrow against the policy or contract, in whole or in part. 

 

	 	d)	The sole right to exercise or elect all non-forfeiture benefits or options permitted by the terms of the above policy or contract or allowed by the Company, and to
receive all benefits and advantages derived therefrom. 

  

	 	e)	The sole right to collect and receive all dividends, dividend deposits or paid-up additions, if any, to the above policy or contract now or hereafter made or
apportioned thereto, and to exercise all dividend options, if any, contained in the above policy or contract; provided, that unless and until the Assignee notifies the Company in writing to the contrary, dividends, if any, will continue to be paid
to the Undersigned, or applied under the dividend option, if any, in force at the time of this Collateral Assignment. 

  

	2)	It is expressly agreed that the following specific rights, while the above policy or contract remain in force, are reserved and excluded from this Collateral Assignment
and do not pass by virtue hereof: 

  

	 	a)	The right to collect from the Company any disability benefit payable in cash that does not reduce the amount of life insurance. 

 

	 	b)	The right to designate and change the beneficiary. 

  

	 	c)	The right to elect any settlement option or payment option permitted by the above policy or contract, or allowed by the Company. 

  

			
	Lincoln Financial Group is the marketing name for Lincoln National Corporation and its affiliates.	  	Page 1 of 3
	CS07117	  	6/10

 It is expressly agreed that these reservations will not impair any of the Assignee’s
rights granted by this Collateral Assignment. Any designation or change of beneficiary or election of a settlement option or payment option will be made subject to this Collateral Assignment and to the secured rights of the Assignee hereunder.

  

	3)	In complying with the rights and interests of the respective parties under this Collateral Assignment, the Company may rely on the written request or directions of the
Assignee without investigating (i) the reason for any action taken by the Assignee; (ii) the accuracy, validity or the amount of the indebtedness or obligation asserted; (iii) the occurrence or existence of any default by any of the
respective parties; (iv) the accuracy, validity or the amount of payment to the Assignee; (v) the application to be made by the Assignee of any amounts to be paid to the Assignee; or (vi) the on-going authority of the Assignee to
exercise its rights under this Collateral Assignment. In the event of any dispute between the respective parties to this Collateral Assignment (including any rights asserted by any heir or assignee of any of the respective parties), the Company
shall be entitled to have the respective interests determined by the proper court, and the Company shall be reimbursed for its reasonable expenses out of any funds in its custody affected hereby. 

 

	4)	It is expressly agreed by the respective parties to this Collateral Assignment that the Company is not a party to this Collateral Assignment. This Collateral Assignment
is subject to, and does not modify, the terms of the policy or contract. The rights assigned by this Collateral Assignment do not impair or restrict any legal or contractual rights of the Company. The rights assigned by this Collateral Assignment
are subject to all prior assignment of rights under the policy or contract. 

 Signed on this 27 day of Feb., 2013. 

					
	 

    
  
	 		 	 

    
  

	Signature of Witness	 		 	Signature of Owner with Title
			
	  
 Signature of Irrevocable
Beneficiary
	 		 	  
 Signature of Owner with
Title

 (Follow the signature requirements set out under Instruction no. 4, below.) 

 

							
	Recorded by the Company	  		  	
	Date:	 	  
	  		  	

 INSTRUCTIONS 
  

	1.	Use this Collateral Assignment form for assignments for collateral security only. Do not use this form for change of ownership. 

 

	2.	This form is for the collateral assignment of life insurance policies and annuity contracts only. Do not use to assign health insurance polices or benefits.

  

	3.	If the assignment is to apply to more than one life insurance policy or annuity contract, list all applicable policy and contract numbers. 

 

	4.	This form must be signed by the present owner of the policy or contract. If there is more than one owner, all must sign. If a partnership owns the policy or contract,
the signature of one partner and a copy of the partnership agreement are required. If a LLC owns the policy or contract, the signatures of one managing member and a copy of the Operating Agreement are required. If a corporation owns the policy or
contract, the signature of one corporate officer and a corporate resolution authorizing that officer to sign, or the signatures of two corporate officers are required. If a trust owns the policy or contract, the signature of all trustees (unless the
trust document permits one trustee to act independently) and a copy of the first and last pages of the trust document and the page naming the trustee(s) are required. 

 

	5.	THE COMPANY WILL NOT RECOGNIZE ANY ASSIGNMENT OF WHICH IT HAS NO NOTICE. 

  

	6.	The Release of Assignment provision may be utilized to release the Collateral Assignment contained herein or of any other policy or contract issued by the Company which
has been collaterally assigned to secure an indebtedness or obligation. 

  

 

  

			
		  	Page 2 of 3
	CS07117	  	6/10EX-10.20

 Exhibit 10.20 
 Confidential 
 April 12, 2011 
 To Pinhas Romik 
 Dear Pinhas, 

We are pleased to offer you a position the position of President of the Pageflex Printing Division. Your employment with Bitstream Israel
Ltd. (the “Company”), will commence on March 1, 2011. 
 Terms of Employment 

Your position, your direct supervisor and other terms of your employment shall be as provided in the Notice to Employee attached hereto as
Exhibit A, as may be amended from time to time. 
 You will be entitled to paid sick leave (“Dmei
Machala”) as prescribed under Israeli law. 
 You will be entitled to such number of paid vacation days per year as
prescribed in the Notice to Employee attached hereto as Exhibit A, and a total of up to five (5) vacation days may be accumulated and carried over by you from year to year. You shall make every effort to utilize your annual vacation.

 You will be entitled to use a Company car pursuant to the terms of the Company’s car lease policy, as may be amended by
the Company from time to time. The car model will be Toyota Prius or comparable. The tax liability incurred in respect of such car shall be borne by the Company. You shall be solely liable for all fines, penalties, costs and other obligations in
respect of the car (excluding any costs and payments which are expressly borne by the Company pursuant to the terms of the Car Policy). By signing below you also agree that, subject to applicable law, if you fail to timely pay any fines, penalties,
costs or other obligations in respect of the car, the Company may pay them and deduct such amounts from your salary. 
 The
Company shall furnish for your use a cellular telephone, any tax to be imposed with respect to such telephone and all other costs relating to such telephone shall be borne by you. 

The amounts paid by the Company towards a managers’ insurance policy or pension plan on your name may not be retrieved by the
Company except: (i) in the event and to the extent that a competent court shall determine that you are not entitled to severance payments, or any part of such severance payments, pursuant to Section 16 or 17 of the Severance Pay Law,
5727-1963 (the “Severance Pay Law”); or (ii) in the event that you withdraw funds from any such policy not as a result of a “Crediting Event”, as that term is defined in the “General Approval re Employers
Payments to Pension Funds and Insurance Funds in place of Severance Payments” issued by the Minister of Health and Welfare pursuant to Section 14 of the Severance Pay Law, a copy of which is attached as Exhibit A-1 (i.e.,
retirement after the age of 60, death or disability). Such payments by the Company shall substitute and be in place of any obligation the Company might have with respect to your severance payments pursuant to the Severance Pay Law or otherwise, in
accordance with the provisions of such General Approval. 
 You shall be expected to work additional hours as required by your
assignments and shall be paid a global overtime payment, all as described in the attached Exhibit A. 

 Confidential 

 

 Termination of Employment 

You should be aware that your employment with the Company is for no specified period. As a result, you are free to resign at any time,
after giving the Company a prior written notice as prescribed under Israeli law, for any reason or for no reason. Similarly, the Company is free to conclude its employment relationship with you at any time for any reason, after giving you a similar
prior notice, unless such termination is for cause or otherwise provided by law. 
 During the period of the prior notice,
unless the Company requires otherwise, you shall continue to perform all of your duties and shall cooperate with the Company and use your best efforts to hand-over your responsibilities to the person(s) designated by the Company. 

Employee Covenants and Representations 
 You agree that, during the term of your employment with the Company, you will not engage in any other employment, occupation, consulting or other business and you shall dedicate all of your working time
in favor of your employment with the Company, nor will you engage in any other activities that conflict with your obligations to the Company. 
 As a Company employee, you will be expected to abide by Company rules and regulations, as defined and approved by the Company’s management or Board of Directors. You will be expected to sign and
comply with a confidentiality, non-competition and proprietary information agreement attached hereto as Exhibit B. 
 By signing below you represent that your execution and performance of your obligations under this letter and the agreement relating to confidentiality, non-competition and proprietary information between
you and the Company will not violate any agreement to which you are a party or by which you are bound or applicable law or equity principle and agree to maintain such non violation. 

Miscellaneous 
 This Agreement and its exhibits shall inure to the benefit of and be binding upon the Company and a successor to all or substantially all of its assets and business (by means of liquidation, acquisition
or otherwise). You may not make any assignments of this Agreement or any interest herein, by operation of law or otherwise, without Company’s prior written consent. 
 To indicate your acceptance of the Company’s offer, please sign and date this letter in the space provided below and return it to me. A duplicate original is enclosed for your records. This letter
and its exhibits set forth the terms of your employment with the Company and supersede any prior representations or agreements, whether written or oral. This letter may not be modified or amended except by a written agreement, signed by an officer
of the Company and by you. 
 We look forward to working with you at Bitstream Israel Ltd.! 

 

							
	Sincerely,	 		 	Agreed and accepted
			
	Bitstream Israel Ltd.	 		 	Name: Pinhas Romik
				
	/s/ Amos Kaminski	 		 	Signature:	 	 /s/ Pinhas Romik

	 Director
	 		 		 	
		 		 	Date:	 	

  
 –2–

 Confidential 

 

 Exhibit A 

 
  

NOTIFICATION TO EMPLOYEE OF EMPLOYMENT CONDITIONS 
  

	1.	Name of Employer: Bitstream Israel Ltd. 

 Legal Entity: Bitstream Israel Ltd. 
 Identification Number: 514447861 

Address: Hadas 5 Or Akiva 30600 
 Name of Employee: Pinhas Romik 
 Identification Number: [intentionally omitted]

 Address: [intentionally omitted] 
  

	2.	 Date of Commencement of Employment: March 1st, 2011. 

 Term of Employment: Employment is not for a fixed period. 
  

	3.	Main Responsibilities of the Employee: Chief executive officer Pageflex Division. 

 

	4.	Name of Employee’s direct supervisor or direct supervisor’s title: Bitstream Board Of Directors. 

 

	5.	The basis upon which Employee’s salary is made: monthly. 

 The aggregate fixed payments (gross) to be made to employee is 68,920 NIS (the “Salary”). All payments to be made to the Employee as compensation are as follows: 

 

			
	 Fixed Payments

Payment Type
	  	Timing of payment
	Base salary (gross) 52,000 NIS (inclusive of all such payments that the Company is required to pay under any applicable law including among others and social security and taxes, and
except for the items indicated below)	  	Once in a month, in accordance with the Company’s normal payroll procedures but no later then the 9th day of each calendar month.
		
	Travel expenses	  	Pursuant to law. It is agreed that if the employee is provided with a car, no additional travel expenses will be paid.
		
	Global Overtime Pay (gross) 16,920 NIS	  	Once in a month, In accordance with the Company’s normal payroll procedures but no later then the 9th day of each month.
		
	Recreation Pay (Dmei Havraa)	  	Once a year pursuant to the law.

  

	7.	If you received a car under the leasing agreement of the Company, your rights and obligations are according to the car appendix and car policy of the Company as are
updated from time to time. If you return the car, your monthly salary shall increase by 3000 shekel per month for each month following the return of the car (or a lower amount for a proportional amount of the month). 

  
 –3–

 Confidential 

 

	8.	Vacation accrual: The employee is entitled to annual vacation of 20 working days. 

 

	9.	Employee’s working week shall consist of 43 hours. Whereas Employee’s position may require overtime, Employee shall work overtime as required by the Company,
up to 15 additional hours per week. 

  

	10.	The rest day is: Saturday. 

  

	11.	Employee declares and agrees that the Company’s rules and regulations, as shall be adjusted from time to time by the Company in its sole discretion, shall apply to
Employee’s employment with the Company and shall be part of the terms and conditions of Employee’s employment with the Company. 

  

	12.	Payment of Social Benefits to which the Employee will be entitled: 

  

													
	Payment Type	  	 The institution to
 whom payment
 is made and name of the plan
	  	Payment by
Employee
(in percentage)	 	 	 Payment by

Employer
(in percentage)
	 	 	Payment Commencement Date
	 Managers Insurance Policy or Pension Fund (% from gross salary including Global Overtime Pay, and Recreation
Pay)*
	  	 Name:
  

 
 Severance pay

 
 “Tagmulim”

 
 Disability
 Insurance
	  	  
  
  

 
  
	  
  
  

 
 5
	  
  
  

 
 % 
	 	  
  
  

 
  

 
  

 
  
 
 
 
	  
  
  

 
 8.33

 
 5

 

2.5% or less according to
the [Section14] general
approval attached as
Exhibit A-1
	  
  
  

 
 % 

 
 % 

 
   
  
  
  
	 	Date of Commencement of Employment
					
	 Education Fund (% from gross salary including Global Overtime Pay and Recreation Pay)
	  		  	 	2.5	% 	 	 	7.5	  	 	Date of Commencement of Employment

  

	(*)	Employee may choose whether to join the Company’s Managers Insurance Policy or to continue Employee’s existing Managers Insurance. 

[If employee chooses Pension Fund over Managers Insurance Policy- the % should be adjusted] 

  
 –4–

 Confidential 

 

 It is hereby emphasized that Employee’s entitlement to amounts transferred by the Company for
Severance pay are subject to any applicable law and/or employment agreement between Employee and the Company. The description of the payments transferred for Severance pay are without prejudice to Employer’s rights to receive such amounts back,
nor does it entitle Employee to receive such amounts. 
  

					
	SIGNATURE OF EMPLOYER:	 		 	DATE:
			
	BITSTREAM ISRAEL LTD.	 		 	
			
	 /s/ Amos Kaminski
	 		 	  

			
	SIGNATURE OF EMPLOYEE:	 		 	DATE:
			
	 /s/ Pinhas Romik
	 		 	  

  
 –5–

 Confidential 

 

 Confidential 
 Exhibit A-1 
 The General Approval 

General Approval concerning payments of employers to pension funds, management insurance funds, in place of severance payments according to severance
payments law 5723-1963. 
 In line with my authority according to item 14 of the severance payments law, 5723-1963, I approve that payments
that the employer paid commencing the day this approval was publicized, for its employee to a comprehensive pension in a savings fund that is not an insurance fund according to income tax ordinances (rules for approval and managing savings funds)
5724-1964 (hereon: pension fund), or to management insurance that includes a possibility for an annuity, or for a combination of payments to a pension plan and to a plan that is not an annuity in an insurance fund as such (hereon: insurance fund),
including payments paid through a combination of payments o a pension fund and insurance fund, whether the insurance fund has an annuity plan or not (hereon: the employer payments), will be in place of severance payments due to the employee for the
salary for which the said payments were paid for the period they were paid (hereon: the exempt salary), dependent on all the below: (26) 
  

	 	(1)	Employer payments 

  

	 	a.	to the pension fund are not less than 14 1/3% of the exempt salary or 12% of the exempt salary if the employer pays in addition for the employee payments for additional
severance payments to savings fund for severance or insurance fund on the employee’s name, the amount of 2 1/3% of the exempt salary. If the employer did not pay this additional 2 1/3%, the payments will be in place of only 72% of the severance
payments of the employee. 

  

	 	b.	to the insurance fund are not less than: 

  

	 	1.	13 1/3% of the exempt salary, if the employer pays for its employee in addition payments for monthly guaranteed income in the event of disability, in a plan that has
been approved by the principal in charge of the financial market, insurance, and savings, at the Finance Ministry, at the rate required to guarantee at least 75% of the exempt salary or at the rate of 2 1/2% of the exempt salary, whichever is
lower (hereon: payment for disability insurance;) 

  

	 	2.	11% of the exempt salary, if the employer paid in addition disability insurance; in this case the employer payments are in place of only 72% of the severance payments
of the employee; if the employer paid in addition to these, payments for additional severance to a savings fund for severance or to an insurance fund on the employee’s name at the rate of 2 1/3% of the exempt salary, then the employer payments
shall be in place of 100% of the severance payments of the employee. 

  
 –6–

 Confidential 

 

	 	(2)	No later than three months from the start of the employer payments, there is an agreement between the employer and the employee including—

  

	 	a.	Agreement of the employee to the arrangement according to this approval that details the employer payments and the pension fund and the insurance fund as relevant; in
this agreement shall include the wording of this approval; 

  

	 	b.	The employer shall waive in advance all rights that it may have for return of monies paid, unless if the employee is denied severance payments by court verdict
according to items 16 or 17 of the law and the severance was denied, or if the employee withdraws monies from the pension fund or the insurance fund not for an approved event; an approved event being: death, disability, or retirement at age 60 or
older (24). 

  

	 	(3)	This approval does not impair the right of the employee to severance payments according to law, collective agreements, directives, or contracts for salary that is
beyond the exempt salary. 

 Publicized in book of ordinances 5758 page 4394 30.6.98 (24). Corrections 5760 page 5 (starting
19.9.99), 5761 page 1949 (starting 12.3.2001) (26). 

  
 –7–

 Confidential 

 

 EXHIBIT B 
 BITSTREAM ISRAEL LTD. 
 CONFIDENTIALITY, NON-COMPETITION AND PROPRIETARY

 INFORMATION AGREEMENT 
 This Confidentiality, Non-Competition and Proprietary Information Agreement is made as of the date written at the end of this Agreement, by and between Bitstream Israel Ltd., an Israeli company (the
“Company”), and the undersigned employee (“Employee”). 
 1. Confidentiality 

(a) Employee recognizes and acknowledges that Employee’s access to the trade secrets and confidential or proprietary information
(collectively, the “Confidential Information”) of the Company, the Company’s subsidiaries and its other affiliates including without limitation Bitstream Inc. (collectively, the “Companies”), is essential to
the performance of Employee’s duties as an employee of the Company. 
 By way of illustration and not limitation, such
Confidential Information shall include (i) any and all trade secrets concerning the business and affairs of the Companies, product specifications, data, know-how, services, research and development, compositions, processes, formulas, methods,
designs, samples, inventions and ideas, past, current and planned development or experimental work, current and planned distribution methods and processes, customer lists, current and anticipated customer requirements, price lists, market studies,
business plans, computer software and programs (including object code and source code), computer software and database technologies, systems, structures and architectures (and related processes, algorithms, compositions, improvements, know-how,
inventions, discoveries, concepts, ideas, designs, methods and information) of the Companies, information relating to the projects of the Companies, and any other information, however documented, of the Companies that is a trade secret;
(ii) any and all information concerning the business and affairs of the Companies (which includes historical financial statements, financial projections and budgets, historical and projected sales, capital spending budgets and plans, the names
and backgrounds of key personnel, personnel training and techniques and materials), however documented; and (iii) all derivatives, improvements and enhancements to the Companies’ technology which are created or developed by Employee while
an employee of the Company; and (iv) information of third parties as to which the Company has an obligation of confidentiality; and (v) any and all notes, analysis, compilations, studies, summaries, and other material prepared by or for
the Companies containing or based, in whole or in part, on any information included in the foregoing. 
 The Confidential
Information shall not include information which the Employee has proved to be, publicly known and made generally available through no wrongful act of Employee or of others who were under confidentiality obligations as to the information involved.

 (b) Employee further recognizes and acknowledges that such Confidential Information is a valuable and unique asset of the
Companies, and that its use or disclosure (except use or disclosure as required for carrying out Employee’s duties as an employee of the Company) would cause the Companies substantial loss and damages. Employee undertakes and agrees that
Employee will not, in whole or in part, disclose such Confidential Information to any person or organization under any circumstances, will not make use of any such Confidential Information for Employee’s own purposes or for the benefit of any
other person or organization, and will not reproduce any of the Confidential Information without the Company’s prior written consent. 

  
 –8–

 Confidential 

 

 (c) Employee will not disclose or otherwise make available to the Company in any manner
any confidential information received by Employee from third parties. 
 (d) Employee further recognizes and acknowledges that
the Company has received and in the future will receive from third parties their confidential or proprietary information subject to certain limited purposes. Employee agrees to hold all such confidential or proprietary information in the strictest
confidence and not to disclose it to any person, firm or corporation or to use it except as necessary in carrying out Employee’s work for the Company consistent with the Company’s agreement with the third party. 

(e) The obligations set forth in this section are perpetual, and shall survive termination of Employee’s employment with the
Company. 
 2. Return of Materials. Upon termination of Employee’s employment with the Company or at the request of the Company
before termination, Employee will promptly deliver to the Company all copies of all written and tangible material, in Employee’s possession or under Employee’s control, incorporating the Confidential Information or otherwise relating to
the Companies’ business, without retaining any copies thereof. The obligations set forth in this subsection shall survive termination of Employee’s employment with the Company. 
 3. Ownership of Property and Rights 
 (a) Exclusive Property.
Employee confirms that all Confidential Information is, will be, and shall remain the exclusive property of the Companies. All business records, papers and documents however documented kept or made by Employee relating to the business and affairs of
the Company shall be and remain the property of the Company. Without derogating from any of the provisions of this Agreement, Employee represents that any of the Inventions (as defined in subsection (b) hereunder) is the sole and exclusive
property of the Company and Employee has no rights to such Inventions or Confidential Information related thereto. 
 (b)
Assignment. Employee hereby assigns to the Company, without additional consideration to Employee, the entire right, title and interest in and to any ideas, inventions, designs, concepts, techniques, methods, processes, original works of
authorship, developments, improvements, modifications, enhancements, trade secrets, and in and to any documentation, software, hardware, firmware, creative works, know-how and information, conceived or reduced to practice, in whole or in part, by
Employee, either alone or jointly with others, during Employee’s period of employment with the Company, or caused to be conceived or reduced to practice, during the above period, whether or not patentable, copyrightable or otherwise
protectable, and Employee assigns to the Company as above stated, the entire right, title and interest in and to any proprietary rights therein or based thereon (collectively, the “Inventions”). 

It is hereby clarified that Employee expressly waives all economic rights in the Inventions including without limitation any rights
Employee may have to royalties or any other payment from the Company (specifically including patent rights under the Israeli Patent and Design Act of 1967) with regard to the assigned Inventions. 

Employee hereby covenants and agrees that so long as he will be employed with the Company, he shall not cooperate with any person not
employed by the Company in purpose of creating any Invention, unless a prior written consent is obtained from the Company. 

Employee hereby irrevocably transfers and assigns to the Company: (a) all worldwide patents, patent applications, copyrights, mask
works, trade secrets and other intellectual 

  
 –9–

 Confidential 

 

 
property rights in any Invention; and (b) any and all Moral Rights (as defined below) that he may have in or with respect to any Invention. Employee also hereby forever waives and agrees
never to assert any and all Moral Rights he may have in or with respect to any Invention, even after termination of his work on behalf of the Company. “Moral Rights” mean any rights of paternity or integrity, any right to claim
authorship of an invention, to object to any distortion, mutilation or other modification of, or other derogatory action in relation to, any Invention, whether or not such would be prejudicial to his honor or reputation, and any similar right,
existing under judicial or statutory law of any jurisdiction whatsoever, or under any treaty, regardless of whether or not such right is denominated or generally referred to as a “moral right”. 

(c) Perfection of Rights. Employee shall provide all assistance the Company may request, and shall execute, verify and deliver
such documents and perform such other acts (including appearing as a witness) the Company may reasonably request for use in applying for, obtaining, perfecting, evidencing, sustaining and enforcing such proprietary rights and the assignment thereof.
Employee’s obligation to assist the Company with respect to proprietary rights in any and all countries shall continue beyond the termination of Employee’s employment with the Company, but the Company shall compensate Employee at a
reasonable rate after termination of Employee’s employment for the time actually spent by Employee at the Company’s request on providing such assistance. 
 (d) Attorney-in-fact. If the Company is unable because of the Employee’s mental or physical incapacity or for any other reason to secure the Employee’s signature to application for any
Israeli or foreign patent or copyright registration covering Inventions or original works of authorship assigned to the Company as set forth above, Employee hereby irrevocably designates and appoints the Company and its duly authorized officers and
agents as Employee’s agent and attorney-in-fact, to act on behalf of and in his stead to execute and file any such application and to do all other lawfully permitted acts to further the prosecution and issuance of letter patent or copyright
registration thereon with same legal force and effect as if executed by the Employee. 
 (e) Survivability. The
obligations set forth in this section are perpetual, and shall survive termination of Employee’s employment with the Company. 
 4. No
Competition. In consideration for compensation paid to Employee by the Company as part of Employee’s salary, Employee shall not, for so long as Employee is employed by the Company and continuing for one year after the termination of such
employment, directly or indirectly, including personally or in any business in which he is an officer, director or shareholder: 

(a) solicit, hire, endeavor to entice away from the Companies or otherwise interfere with the relationship of the Companies with any
person or organization who is, or was within the preceding two years, a customer, vendor or supplier of the Companies, or who is, or was within the preceding twelve months, employed or engaged as consultant or otherwise by the Companies; or

 (b) own an interest in, manage, operate, join, control, or participate in or be connected with, as an officer, employee,
director, owner, partner, joint venture, stockholder, broker, agent, principal, licensor, consultant or otherwise, any person or organization that, at such time, competes with the Companies anywhere in the world including without limitation
engagement in any activities involving either (i) products similar to or competing with actual or planned products of the Companies, or (ii) information, processes, technology or equipment that is similar to information, processes,
technology or equipment in which the Companies then have a proprietary interest; provided that this shall not preclude Employee from owning a stock interest not greater than 5% in a publicly traded company, so long as he has no active role in such
company as director, employee, consultant or otherwise. 

  
 –10–

 Confidential 

 

 If any one or more of the terms contained in this Section 4 shall for any reason be
held to be excessively broad with regard to time, geographic scope or activity, the term shall be construed in a manner to enable it to be enforced to the extent compatible with applicable law. 

Employee further recognizes and acknowledges that a breach of this Section 4 would cause the Companies substantial non-revisable
damages which may create a threat on the existence of the Companies. 
 5. Enforcement. The Company may enforce this Agreement and any of
its provisions by injunction, specific performance or other equitable relief, without bond and without prejudice to any other rights and remedies that the Company may have for the breach of this Agreement. This Agreement shall be enforced to the
fullest extent permissible under the laws of the State of Israel, without regard to its conflict of law principles, and inure to the benefit of any successor to all or substantially all of the Company’s business. If any portion of this
Agreement shall be adjudicated to be invalid or unenforceable, it shall be deemed to be amended to delete such portion. Employee’s rights and obligations hereunder shall be in addition to Employee’s obligations towards the Company pursuant
to applicable law or in equity. Employee expressly consents to the exclusive personal jurisdiction and venue of Tel Aviv courts for any lawsuit arising from or relating to this Agreement. 
 IN WITNESS WHEREOF, the parties have executed this Agreement as of the date written first above. 
  

									
	BITSTREAM ISRAEL LTD.	 		 	Pinhas Romik
				
	By:	 	 /s/ Amos Kaminski
	 		 	 /s/ Pinhas Romik

					
	Name:	 	 Amos Kaminski
	 		 	Date:	 	  

					
	Title:	 	 Director
	 		 		 	
					
	Date:	 	  
	 		 		 	

  
 –11–

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