Document:

scyx-ex101_7.htm

 

Exhibit 10.1

2014 SCYNEXIS, Inc.

Restricted Stock Unit Award Grant Notice

2014 Equity Incentive plan

 

SCYNEXIS, Inc. (the “Company”) hereby awards to Participant the number of Restricted Stock Units specified and on the terms set forth below (the “Award”).  The Award is subject to all of the terms and conditions as set forth  in this Restricted Stock Unit Grant Notice (the “Grant Notice”), in the Restricted Stock Unit Award Agreement (the “Award Agreement”) and in the Company’s 2014 Equity Incentive Plan (the “Plan”), all of which are attached hereto and incorporated herein in their entirety.  Capitalized terms not explicitly defined herein but defined in the Plan or the Award Agreement shall have the meanings set forth in the Plan or the Award Agreement, as applicable.  In the event of any conflict between the terms of this Grant Notice, the Award Agreement or the Plan, the terms of the Plan shall control.

		
	
Participant:

Employee ID Number:
	
 

	
Date of Grant:
	
 

	
Vesting Commencement Date:
	
 

	
Number of Restricted Stock Units:
	
 

	
Settlement Date:
	
One share of Common Stock of the Company will be issued for each Restricted Stock Unit (subject to any Capitalization Adjustment) that vests at the time set forth in Section 6 of the Award Agreement. 

	
Vesting Schedule:

 
	
 

 

Additional Terms/Acknowledgements:  Participant acknowledges receipt of, and understands and agrees to, this Restricted Stock Unit Grant Notice, the Restricted Stock Unit Agreement and the Plan.  Participant acknowledges and agrees that this Restricted Stock Unit Grant Notice and the Restricted Stock Unit Agreement may not be modified, amended or revised except as provided in the Plan.  Participant further acknowledges that as of the Date of Grant, this Restricted Stock Unit Grant Notice, the Restricted Stock Unit Agreement, and the Plan set forth the entire understanding between Participant and the Company regarding this award and supersede all prior oral and written agreements, promises and/or representations on that subject with the exception of (i) restricted stock units previously granted and delivered to Participant, (ii) any compensation recovery policy that is adopted by the Company or is otherwise required by applicable law and (iii) any written employment or severance arrangement that would provide for vesting acceleration of this award upon the terms and conditions set forth therein.  

 

By accepting the Award, Participant acknowledges having received and read the Restricted Stock Unit Grant Notice, the Restricted Stock Unit Award Agreement and the Plan (the “Grant Documents”) and agrees to all of the terms and conditions set forth in these documents.  Furthermore, by accepting this Award, Participant consents to receive such documents by electronic delivery and to participate in the Plan through an online or electronic system established and maintained by the Company or another third party designated by the Company.

 

Your electronic signature indicates your agreement to be bound by the terms of this Agreement.

 

The Participant hereby accepts the Award subject to all of the terms and conditions of this Notice, the Award Agreement and the Plan.  Participant consents to receive such documents by electronic delivery and to participate in the Plan through an on-line or electronic system established and maintained by the Company or another third party designated by the Company.

 

 

 

SCYNEXIS, INC.                                                                       PARTICIPANT

 

By: 

Signature

Its: 

Date

 

Address

 

 

 

Attachments: Award Agreement and 2014 Equity Incentive Plan

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Scynexis, Inc.

2014 Equity Incentive Plan

Restricted Stock Unit Award Agreement

Pursuant to the Restricted Stock Unit Grant Notice (the “Grant Notice”) and this Restricted Stock Unit Award Agreement (the “Award Agreement”) and in consideration of your services, SCYNEXIS, Inc. (the “Company”) has awarded you a Restricted Stock Unit Award (the “Award”) under its 2014 Equity Incentive Plan (the “Plan”) for the number of Restricted Stock Units indicated in the Grant Notice (the “Stock Units”).  Capitalized terms not explicitly defined in this Award Agreement or in the Grant Notice but defined in the Plan will have the same definitions as in the Plan.    

The details of your Award, in addition to those set forth in the Grant Notice and the Plan are as follows:

1.Grant of the Award.  This Award represents your right to be issued on a future date one share of the Company’s Common Stock for each Stock Unit indicated in the Grant Notice that vests.    As of the Date of Grant specified in the Grant Notice, the Company will credit to a bookkeeping account maintained by the Company for your benefit (the “Account”) the number of Stock Units subject to the Award.  This Award was granted in consideration of your services to the Company.

2.Vesting.  Subject to the provisions contained herein, your Award will vest, if at all, in accordance with the vesting schedule provided in the Grant Notice.  Vesting will cease upon the termination of your Continuous Service for any reason.  Upon such termination of your Continuous Service, any Stock Units credited to the Account that were not yet vested on the date of such termination will be forfeited at no cost to the Company and you will have no further right, title or interest in such Stock Units or the shares of Common Stock to be issued in respect of such portion of the Award. 

3.Number of Stock Units and Shares of Common Stock. 

(a)The Stock Units subject to your Award will be adjusted for Capitalization Adjustments, as provided in the Plan.

(b)Any additional Stock Units and any shares, cash or other property that become subject to the Award pursuant to this Section 3, if any, will be subject, in a manner determined by the Board, to the same forfeiture restrictions, restrictions on transferability, and time and manner of delivery as applicable to the other Stock Units and shares covered by your Award.

(c)No fractional shares or rights for fractional shares of Common Stock will be created pursuant to this Section 3.  Except as provided in Section 7 or otherwise provided by the Company, any fraction of a share will be rounded down to the nearest whole share.

 

 

4.Securities Law Compliance.  You will not be issued any Common Stock in respect of your Stock Units or other shares with respect to your Stock Units unless either (i) the shares are registered under the Securities Act, or (ii) the Company has determined that such issuance would be exempt from the registration requirements of the Securities Act. Your Award also must comply with all other applicable laws and regulations governing the Award, and you will not receive such shares if the Company determines that such receipt would not be in material compliance with such laws and regulations.

5.Transferability.  Prior to the time that shares of Common Stock have been delivered to you, you may not transfer, pledge, sell or otherwise dispose of any portion of the Stock Units or the shares in respect of your Stock Units.  For example, you may not use shares that may be issued in respect of your Stock Units as security for a loan, nor may you transfer, pledge, sell or otherwise dispose of such shares.  This restriction on transfer will lapse upon delivery to you of shares in respect of your vested Stock Units.  

(a)Death.  Your Stock Units are not transferable other than by will and by the laws of descent and distribution.  Upon receiving written permission from the Board or its duly authorized designee, you may, by delivering written notice to the Company, in a form provided by or otherwise satisfactory to the Company and any broker designated by the Company to effect transactions under the Plan, designate a third party who, in the event of your death, will thereafter be entitled to receive any distribution of Common Stock or other consideration to which you were entitled at the time of your death pursuant to this Award Agreement.  In the absence of such a designation, your executor or administrator of your estate will be entitled to receive, on behalf of your estate, such Common Stock or other consideration.  

(b)Domestic Relations Orders.  Upon receiving written permission from the Board or its duly authorized designee, and provided that you and the designated transferee enter into transfer and other agreements required by the Company, you may transfer your right to receive the distribution of Common Stock or other consideration under your Stock Units, pursuant to the terms of a domestic relations order, official marital settlement agreement or other divorce or separation instrument as permitted by applicable law that contains the information required by the Company to effectuate the transfer.  You are encouraged to discuss with the Company the proposed terms of any such transfer prior to finalizing the domestic relations order or marital settlement agreement to help ensure the required information is contained within the domestic relations order, marital settlement agreement or other divorce or separation instrument.  The Company is not obligated to allow you to transfer your Award in connection with your domestic relations order, marital settlement agreement or other divorce or separation instrument.

6.Date of Issuance.  

(a)To the extent that your Award is exempt from the application of Section 409A of the Code, the issuance of shares in respect of the Stock Units is intended to comply with Treasury Regulation Section 1.409A-1(b)(4) and will be construed and administered in such a manner.

(b)Subject to the satisfaction of the withholding obligations set forth in Section 10 of this Award Agreement, in the event one or more Stock Units vests, the Company will issue 

 

 

to you, on the vesting date, one share of Common Stock for each Stock Unit that vests and such issuance date is referred to as the “Original Issuance Date.” If the Original Issuance Date falls on a date that is not a business day, delivery will instead occur on the next following business day. 

(c)However, if (i) the Original Issuance Date does not occur (1) during an “open window period” applicable to you, as determined by the Company in accordance with the Company’s then-effective policy on trading in Company securities, or (2) on a date when you are otherwise permitted to sell shares of Common Stock on an established stock exchange or stock market (including but not limited to under a previously established written trading plan that meets the requirements of Rule 10b5-1 under the Exchange Act and was entered into in compliance with the Company’s policies (a “10b5-1 Plan”)), and (ii) the Company elects, prior to the Original Issuance Date, not to satisfy the Withholding Taxes described in Section 10 by withholding shares of Common Stock from the shares otherwise due, on the Original Issuance Date, to you under this Award, then the shares that would otherwise be issued to you on the Original Issuance Date will not be delivered on such Original Issuance Date and will instead be delivered on the first business day when you are not prohibited from selling shares of the Company’s Common Stock in the open public market, but in no event later than December 31 of the calendar year in which the Original Issuance Date occurs (that is, the last day of your taxable year in which the Original Issuance Date occurs), or, if and only if permitted in a manner that complies with Treasury Regulation Section 1.409A-1(b)(4), no later than the date that is the later of (i) the 15th day of the third month following the end of the calendar year in which such shares of Common Stock under this Award are no longer subject to a “substantial risk of forfeiture” within the meaning of Treasury Regulation Section 1.409A-1(d) or (ii) the 15th day of the third month following the end of the Company’s fiscal year in which such shares of Common Stock under this Award are no longer subject to a “substantial risk of forfeiture” within the meaning of Treasury Regulation Section 1.409A-1(d).

7.Dividends.  You will receive no benefit or adjustment to your Award or Stock Units with respect to any cash dividend, stock dividend or other distribution that does not constitute a Capitalization Adjustment as provided in the Plan; provided, however, that this sentence will not apply with respect to any shares of Common Stock that are delivered to you in connection with your Award after such shares have been delivered to you.

8.Restrictive Legends.  The Common Stock issued with respect to your Stock Units will be endorsed with appropriate legends, if any, as determined by the Company.

9.Award not a Service Contract.  

(a)Except as otherwise provided in a separate, written employment or other agreement between the Company and/or its Affiliates and you, your Continuous Service is not for any specified term and may be terminated by you or by the Company or an Affiliate at any time, for any reason, with or without cause and with or without notice.  Nothing in this Award Agreement (including, but not limited to, the vesting of your Stock Units or the issuance of the shares in respect of your Stock Units), the Plan or any covenant of good faith and fair dealing that may be found implicit in this Award Agreement or the Plan will:  (i) confer upon you any right to continue in the employ or service of, or affiliation with, the Company or an Affiliate; (ii) constitute any promise or commitment by the Company or an Affiliate regarding the fact or nature of future positions, future work assignments, future compensation or any other term or condition of 

 

 

employment or affiliation; (iii) confer any right or benefit under this Award Agreement or the Plan unless such right or benefit has specifically accrued under the terms of this Award Agreement or Plan; or (iv) deprive the Company of the right to terminate you at will and without regard to any future vesting opportunity that you may have.

(b)By accepting this Award, you acknowledge and agree that the right to continue vesting in the Award pursuant to the vesting schedule provided in the Grant Notice is earned only by continuing as an employee, director or consultant at the will of the Company or an Affiliate, as applicable (not through the act of being hired, being granted this Award or any other award or benefit) and that the Company has the right to reorganize, sell, spin-out or otherwise restructure one or more of its businesses or Affiliates at any time or from time to time, as it deems appropriate (a “reorganization”).  You further acknowledge and agree that such a reorganization could result in the termination of your Continuous Service, or the termination of Affiliate status of your employer and the loss of benefits available to you under this Award Agreement, including but not limited to, the termination of the right to continue vesting in the Award.  You further acknowledge and agree that this Award Agreement, the Plan, the transactions contemplated hereunder and the vesting schedule set forth herein or any covenant of good faith and fair dealing that may be found implicit in any of them do not constitute an express or implied promise of continued engagement as an employee or consultant for the term of this Award Agreement, for any period, or at all, and shall not interfere in any way with your right or the Company’s right to terminate your Continuous Service at any time, with or without cause and with or without notice.

10.Withholding Obligations.

(a)On each vesting date, and on or before the time you receive a distribution of the shares in respect of your Stock Units, and at any other time as reasonably requested by the Company in accordance with applicable tax laws, you hereby authorize any required withholdings from the shares of Common Stock issuable to you and/or otherwise agree to make adequate provision, including in cash, for any sums required to satisfy the federal, state, local and foreign tax withholding obligations of the Company or any Affiliate that arise in connection with your Award (the “Withholding Taxes”).  Specifically, the Company or an Affiliate may, in its sole discretion, satisfy all or any portion of the Withholding Taxes relating to your Award by any of the following means or by a combination of such means: (i) withholding from any compensation otherwise payable to you by the Company or an Affiliate; (ii) causing you to tender a cash payment; (iii) permitting or requiring you to enter into a “same day sale” commitment with a broker-dealer that is a member of the Financial Industry Regulatory Authority (a “FINRA Dealer”) whereby you irrevocably elect to sell a portion of the shares to be delivered in connection with your Stock Units to satisfy the Withholding Taxes and whereby the FINRA Dealer irrevocably commits to forward the proceeds necessary to satisfy the Withholding Taxes directly to the Company and/or its Affiliates; or (iv) withholding shares of Common Stock from the shares of Common Stock issued or otherwise issuable to you in connection with your Stock Units with a Fair Market Value (measured as of the date shares of Common Stock are issued to you) equal to the amount of such Withholding Taxes; provided, however, that the number of such shares of Common Stock so withheld will not exceed the amount necessary to satisfy the Company’s required tax withholding obligations using the minimum statutory withholding rates for federal, state, local and, if applicable, foreign tax purposes, including payroll taxes, that are applicable to supplemental taxable income; and provided further, that to the extent necessary to qualify for an 

 

 

exemption from application of Section 16(b) of the Exchange Act, such share withholding procedure shall be subject to the express prior approval of the Board or a duly authorized committee thereof.  

(b)Unless the Withholding Taxes of the Company and/or any Affiliate are satisfied, the Company will have no obligation to deliver to you any Common Stock or other consideration pursuant to this Award.

(c)In the event the Company’s obligation to withhold arises prior to the delivery to you of Common Stock or it is determined after the delivery of Common Stock to you that the amount of the Company’s withholding obligation was greater than the amount withheld by the Company, you agree to indemnify and hold the Company harmless from any failure by the Company to withhold the proper amount.

11.Unsecured Obligation.  Your Award is unfunded, and as a holder of vested Stock Units, you will be considered an unsecured creditor of the Company with respect to the Company’s obligation, if any, to issue shares or other property pursuant to this Award Agreement.  You will not have voting or any other rights as a shareholder of the Company with respect to the shares to be issued pursuant to this Award Agreement until such shares are issued to you.   Upon such issuance, you will obtain full voting and other rights as a shareholder of the Company.  Nothing contained in this Award Agreement, and no action taken pursuant to its provisions, will create or be construed to create a trust of any kind or a fiduciary relationship between you and the Company or any other person.

12.Other Documents.  You hereby acknowledge receipt of and the right to receive a document providing the information required by Rule 428(b)(1) promulgated under the Securities Act, which includes the Plan prospectus.  In addition, you acknowledge receipt of the Company’s policy permitting certain individuals to sell shares only during certain “window” periods and the Company’s insider trading policy, in effect from time to time.  

13.Notices.  Any notices provided for in this Award Agreement or the Plan will be given in writing (including electronically) and will be deemed effectively given upon receipt or, in the case of notices delivered by the Company to you, five days after deposit in the United States mail, postage prepaid, addressed to you at the last address you provided to the Company.  The Company may, in its sole discretion, decide to deliver any documents related to participation in the Plan and this Award by electronic means or to request your consent to participate in the Plan by electronic means.  By accepting this Award, you consent to receive such documents by electronic delivery and to participate in the Plan through an on-line or electronic system established and maintained by the Company or another third party designated by the Company.

14.Personal Data.  You understand that your employer, if applicable, the Company, and/or its Affiliates hold certain personal information about you, including but not limited to your name, home address, telephone number, date of birth, social security or equivalent tax identification number, salary, nationality, job title, and details of your Award (the “Personal Data”).  Certain Personal Data may also constitute “Sensitive Personal Data” or similar classification under applicable local law and be subject to additional restrictions on collection, processing and use of the same under such laws.  Such data include but are not limited to Personal 

 

 

Data and any changes thereto, and other appropriate personal and financial data about you.  You hereby provide express consent to the Company or its Affiliates to collect, hold, and process any such Personal Data and Sensitive Personal Data.  You also hereby provide express consent to the Company and/or its Affiliates to transfer any such Personal Data and Sensitive Personal Data outside the country in which you are employed or retained, including transfers to the United States, if applicable.  The legal persons for whom such Personal Data are intended are the Company and any broker company providing services to the Company in connection with the administration of the Plan.  You have been informed of your right to access and correct your Personal Data and/or Sensitive Personal Data by applying to the Company. 

15.Additional Acknowledgements.  You hereby consent and acknowledge that:

(a)Participation in the Plan is voluntary and therefore you must accept the terms and conditions of the Plan and this Award Agreement and Grant Notice as a condition to participating in the Plan and receipt of this Award.  This Award and any other awards under the Plan are voluntary and occasional and do not create any contractual or other right to receive future awards or other benefits in lieu of future awards, even if similar awards have been granted repeatedly in the past. All determinations with respect to any such future awards, including, but not limited to, the time or times when such awards are made, the size of such awards and performance and other conditions applied to the awards, will be at the sole discretion of the Company. 

(b)The future value of your Award is unknown and cannot be predicted with certainty.  You do not have, and will not assert, any claim or entitlement to compensation, indemnity or damages arising from the termination of this Award or diminution in value of this Award and you irrevocably release the Company, its Affiliates and, if applicable, your employer, if different from the Company, from any such claim that may arise.

(c)The rights and obligations of the Company under your Award will be transferable to any one or more persons or entities, and all covenants and agreements hereunder will inure to the benefit of, and be enforceable by the Company’s successors and assigns. 

(d)Upon request, you agree to execute any further documents or instruments necessary or desirable in the sole determination of the Company to carry out the purposes or intent of your Award.

(e)You  have reviewed your Award in its entirety, have had an opportunity to obtain the advice of counsel prior to executing and accepting your Award, and fully understand all provisions of your Award.

(f)This Award Agreement will be subject to all applicable laws, rules, and regulations, and to such approvals by any governmental agencies or national securities exchanges as may be required.

(g)All obligations of the Company under the Plan and this Award Agreement will be binding on any successor to the Company, whether the existence of such successor is the result of a direct or indirect purchase, merger, consolidation, or otherwise, of all or substantially all of the business and/or assets of the Company.

 

 

16.Governing Plan Document.  Your Award is subject to all the provisions of the Plan, the provisions of which are hereby made a part of your Award, and is further subject to all interpretations, amendments, rules and regulations which may from time to time be promulgated and adopted pursuant to the Plan.  In addition, your Award will be subject to recoupment in accordance with any clawback policy that the Company has adopted or any clawback policy that the Company is required to adopt pursuant to the listing standards of any national securities exchange or association on which the Company’s securities are listed or as is otherwise required by the Dodd–Frank Wall Street Reform and Consumer Protection Act or other applicable law. No recovery of compensation under such a clawback policy will be an event giving rise to a right to resign for “good reason” or “constructive termination” (or similar term) under any plan of or agreement with the Company.  Except as expressly provided in this Award Agreement or the Grant Notice, in the event of any conflict between the provisions of your Award and those of the Plan, the provisions of the Plan will control.

17.Severability.  If all or any part of this Award Agreement or the Plan is declared by any court or governmental authority to be unlawful or invalid, such unlawfulness or invalidity will not invalidate any portion of this Award Agreement or the Plan not declared to be unlawful or invalid. Any Section of this Award Agreement (or part of such a Section) so declared to be unlawful or invalid will, if possible, be construed in a manner which will give effect to the terms of such Section or part of a Section to the fullest extent possible while remaining lawful and valid.

18.Effect on Other Employee Benefit Plans.  The value of the Award subject to this Award Agreement will not be included as compensation, earnings, salaries, or other similar terms used when calculating the Employee’s benefits under any employee benefit plan sponsored by the Company or any Affiliate, except as such plan otherwise expressly provides. The Company expressly reserves its rights to amend, modify, or terminate any of the Company’s or any Affiliate’s employee benefit plans.

19.Amendment.  Any amendment to this Award Agreement must be in writing, signed by a duly authorized representative of the Company. The Board reserves the right to amend this Award Agreement in any way it may deem necessary or advisable to carry out the purpose of the grant as a result of any change in applicable laws or regulations or any future law, regulation, interpretation,  ruling, or judicial decision. 

20.Compliance with Section 409A of the Code.  This Award is intended to be exempt from the application of Section 409A of the Code, including but not limited to by reason of complying with the “short-term deferral” rule set forth in Treasury Regulation Section 1.409A-1(b)(4) and any ambiguities herein shall be interpreted accordingly.  However, if this Award fails to satisfy the requirements of the short-term deferral rule and is otherwise not exempt from, and therefore deemed to be deferred compensation subject to, Section 409A of the Code, this Award shall comply with Section 409A of the Code to the extent necessary to avoid adverse personal tax consequences and any ambiguities herein shall be interpreted accordingly.  To the extent this Award is subject to Section 409A of the Code and if you are a “Specified Employee” (within the meaning set forth Section 409A(a)(2)(B)(i) of the Code) as of the date of your separation from service (within the meaning of Treasury Regulation Section 1.409A-1(h)), then the issuance of any shares that would otherwise be made upon the date of the separation from service or within the first six months thereafter will not be made on the originally scheduled dates and will instead be 

 

 

issued in a lump sum on the date that is six months and one day after the date of the separation from service, with the balance of the shares issued thereafter in accordance with the original vesting and issuance schedule set forth above, but if and only if such delay in the issuance of the shares is necessary to avoid the imposition of taxation on you in respect of the shares under Section 409A of the Code.  Each installment of shares that vests is a “separate payment” for purposes of Treasury Regulation Section 1.409A-2(b)(2).  

21.No Obligation to Minimize Taxes.  The Company has no duty or obligation to minimize the tax consequences to you of this Award and will not be liable to you for any adverse tax consequences to you arising in connection with this Award.  You are hereby advised to consult with your own personal tax, financial and/or legal advisors regarding the tax consequences of this Award and by signing the Grant Notice, you have agreed that you have done so or knowingly and voluntarily declined to do so.  

***

This Restricted Stock Unit Award Agreement will be deemed to be accepted by you upon your acceptance of the Restricted Stock Unit Grant Notice to which it is attached.Exhibit
10.1

 

SHARE
PURCHASE AGREEMENT

 

This
Share Purchase Agreement (the “Agreement”), is entered into as of the 7th day of February, 2022 (“Effective
Date”), by and among:

 

My
Size Israel 2014 Ltd., a corporation, incorporated under the laws of the State of Israel, Company Number 515036895 of 4 Hayarden Street,
Airport City, 7019900, Israel or one of its subsidiaries (the “Purchaser”).

 

Amar Guy Shalom, Israeli ID number [***]
of [***] (“Guy”) and Elad Bretfeld, Israeli ID number [***] of [***], Israel (“Elad”)
(each a “Seller” and collectively the “Sellers”).

 

	Whereas,	The
                                            Sellers are the sole title and beneficial owners of 2 ordinary shares of Orgad International
                                            Marketing Ltd., a corporation, incorporated under the laws of the State of Israel, Company
                                            Number 515544781 (“Company”) representing 100% of the issued and outstanding
                                            equity interest in the Company on a fully diluted basis (“Sold Shares”);
                                            and
	 	 
	Whereas,	The
                                            Company is engaged in the business of purchasing and selling shoes, bag, watches, clothes
                                            and other products through the Amazon, E-Bay (and other e-commerce platforms) and website
                                            platform (the “Business”);
	 	 
	Whereas,	The
                                            Sellers desire to sell to the Purchaser, and the Purchaser desires to purchase from the Sellers,
                                            all the rights, title and interests in the Sold Shares, so that further to such sale and
                                            purchase the Purchaser shall become the sole holder and owner of all of the Sold Shares,
                                            all subject to the terms and conditions set forth herein (“Transaction”);
                                            and
	 	 
	Whereas,	Contemporaneously
                                            with the Parties’ execution and delivery of this Agreement, each Seller has executed
                                            and delivered that certain Lock-up Agreement (the “Lock-up Agreement”).

 

Now,
Therefore, the Purchaser, Company, and the Sellers
(each a “Party” and collectively the “Parties”) agree as follows:

 

		1.	Interpretation

 

		1.1	The
                                            recitals schedules and exhibits hereto are an integral part hereof.

 

	1.2	The
                                            headings of the sections and subsections of this Agreement are for convenience of reference
                                            only and are not to be considered in construing or interpreting this Agreement.
	 	 
	2.	The
                                            Transaction

 

		2.1	Purchase.
                                            Subject to the terms and conditions hereof, at the Closing (as defined below), the Purchaser
                                            agrees to purchase from the Sellers and the Sellers agree, jointly and not severally, to
                                            sell, transfer, assign, convey and deliver to the Purchaser, all of the Sellers’ rights,
                                            title and interests in the Sold Shares (including all rights attached or accrued to such
                                            Sold Shares) indicated opposite each Seller’s name in Schedule I, free
                                            and clear of any liens, encumbranc es, charges, pledge, security interests, past present
                                            and future claims, levys, restrictions, options, warrants, rights of first refusal, co-sale
                                            rights, tag-along rights, pre-emption rights, or any other third party rights and or any
                                            other limitation (“Liens”).

 

    	 

    	 

    

 

		2.2	Purchase
                                            Price. In consideration for the Sold Shares, the Purchaser shall pay the Sellers the
                                            following consideration (in the aggregate, “Purchase Price”):

 

		2.2.1	Up
                                            to US$1,000,000 in cash (“Cash Consideration”), as adjusted pursuant to
                                            the Consideration Adjustment under Section ‎2.6 below; and

 

		2.2.2	2,790,049
                                            shares of My Size Inc., File Number 3099545 (“Equity Consideration”),
                                            calculated on the basis of US$ 0.7168 per share (“Equity Consideration PPS”),
                                            and representing US$ 2,000,000 divided by the average closing price on the last 60 trading
                                            days; and

 

		2.2.3	Earn
                                            Out (as defined below).

 

to
be allocated among the Sellers in accordance with their holding percentage as further detailed in Schedule I (“Holding
Percentage”).

 

	2.3	Installments.
                                            The Cash Consideration and Equity Consideration will be paid in three instalments as follows:

 

		2.3.1	US$300,000
                                            of the Cash Consideration and 50% of the Equity Consideration, upon the Closing ( “First
                                            Installment”);

 

		2.3.2	The
                                            remaining 50% of the Equity Consideration shall be paid and issued in 8 (eight) equal quarterly
                                            installment until the lapse of two years from the Closing (“Equity Installments”).

 

		2.3.3	US$350,000
                                            of the Cash Consideration on the two-year anniversary of the Closing, subject to the Company
                                            achieving an increase of 10% in the 2022 Revenue compared to the 2021 Revenue (“Second
                                            Instalment”).

 

		2.3.4	US$350,000
                                            in cash on the third year anniversary of the Closing, subject to the Company achieving an
                                            increase of 10% in revenue in 2023 Revenue compared to the 2022 Revenue (“Third
                                            Instalment”).

 

“2021
Revenue”, “2022 Revenue” and “2023 Revenue” shall mean the revenue of the Company as
with respect to the applicable year, based on the Company’s audited financial statements for that year, prepared according to Israeli
GAAP, and excluding any sales outside the ordinary course of business of the Company. To the extent preparation of the financial statements
is postposed, the applicable payment shall be postponed accordingly. The Purchaser hereby agrees that should the Purchaser wish to merge
the business of the Company into any of its other business or affiliates anytime prior to January 1, 2024, the Purchaser shall keep the
Company’s activity separate for the purpose of calculating the applicable Company revenue for the purpose of calculating the eligibility
of the above installments.

 

The
Company undertakes to produce the Company’s audited financial statements for each applicable year, by no later than end of April
of the following year.

 

		2.4	Earn
                                            Out. The Sellers shall by entitled to receive an earn out payment (“Earn Out”)
                                            in an amount equal to 10% of the Operating Profit for the years 2022 and 2023, provided that
                                            the Sellers are still engaged with the Company at the end of each respective year in which
                                            the Operating Profit is calculated. The Earn Out will be paid (if due) within 30 days from
                                            the date that on which audited financial statements calculating the Operating Profit are
                                            approved.

 

“Operating
Profit” shall mean the operating profit of the Company for the applicable respective year, as presented in the Company’s
audited financial statements for that year in accordance with Israeli GAAP.

 

		2.5	Continued
                                            Engagement. Notwithstanding the above, the Second Instalment, Third Instalment, Equity
                                            Installments and Earn Out shall only be payable to a Seller if and to the extent that the
                                            Seller shall be actively engaged with the Company at the date such payment is due (except
                                            if Seller resigns due to reasons relating to material reduction of his salary or adverse
                                            change in his position with the Company or its affiliates).

 

    	 

    	 

    

 

		2.6	Adjustment
                                            to the Cash Consideration.

 

		2.6.1	For
                                            the purpose herein

 

		2.6.1.1	“Cash”
                                            means the aggregate amount of immediately available cash and cash equivalents on hand of
                                            the Company, as of the close of business on the Closing Date.

 

		2.6.1.2	“Debt”
                                            means without duplication, all obligations and liabilities of the Company as of the close
                                            of business on the Closing Date, including indebtedness for borrowed money, notes, capitalized
                                            leases, bank term and revolving credit loans, obligations related to drawn letters of credit,
                                            bankers’ acceptances or similar credit transactions, bonds evidencing funded indebtedness,
                                            debentures, borrowings from lending institutions other than banks, subordinated loans and
                                            subordinated debt securities with or without stated maturity, bank bills, bank overdrafts,
                                            obligations with respect to swap agreements, factoring, expenses and penalties on any of
                                            the foregoing (including prepayment penalties and breakage costs), and any indebtedness of
                                            another entity or person, the payment of which is secured or guaranteed, directly or indirectly,
                                            by the Company.

 

		2.6.1.3	“Net
                                            Working Capital” means, without duplication of any amounts taken into account as
                                            Cash or Debt, an amount (which may be positive or negative) equal to (a) the total current
                                            receivables of the Company, minus (b) the total current liabilities of the Company (including
                                            tax liabilities accrued as of the Closing Date in the ordinary course of business consistent
                                            with past practices), including for the avoidance of doubt inventory as of the close of business
                                            on the Closing Date.

 

		2.6.1.4	“Target
                                            Working Capital” NIS 1,500,000.00 (which calculation includes inventory)

 

		2.6.2	The
                                            Cash Consideration and/or Equity Consideration payable to the Sellers, shall be adjusted
                                            (i) upwards by the Cash; (ii) downwards by the Debt; and (iii) upwards or downwards, by the
                                            amount that the Net Working Capital is below, or above, the Target Working Capital (collectively,
                                            the “Consideration Adjustment”), in accordance with the procedure set
                                            forth in this Section Error! Reference source not found.. Notwithstanding the above,
                                            the Consideration Adjustment will never be a positive number and if it is a positive number
                                            it will be zero.

 

		2.6.3	As
                                            soon as practicable, but in any event within 120 days after the Closing, the Purchaser shall
                                            deliver to the Sellers a certificate (the “Closing Statement”), setting
                                            forth its determination of: (a) Cash; (b) Debt; and (c) the Net Working Capital. The actual
                                            date on which the Closing Statement is delivered is the “Delivery Date”.

 

		2.6.4	The
                                            Closing Statement shall include reasonable documentation supporting the amounts set forth
                                            therein, and the Purchaser shall provide the Sellers with any supporting documentation that
                                            the Sellers may reasonably request to verify the amounts set forth therein.

 

		2.6.5	Within
                                            14 days of the Delivery Date (the “Objection Period”), the Sellers shall
                                            deliver to the Purchaser a written statement specifying any objections thereto, if any, in
                                            reasonable detail (an “Objections Statement”). If the Sellers do not deliver
                                            an Objections Statement within the Objection Period, then the Closing Statement shall be
                                            deemed final and binding upon all Parties. If the Sellers delivers an Objections Statement
                                            within the Objection Period, the Sellers and the Purchaser shall negotiate in good faith
                                            for 7 days following the Purchaser’s receipt of such Objections Statement to try and
                                            resolve such objections (any unresolved objection, a “Dispute”).

 

    	 

    	 

    

 

		2.6.6	Any
                                            item or matter set forth in the Closing Statement that is not included in the Objections
                                            Statement shall be deemed final and binding upon the Parties. In the event that the Purchaser
                                            and the Sellers manage to resolve all Disputes, the Purchaser and Sellers shall sign a modified
                                            Closing Statement which shall be final and binding upon the Parties. In the event that the
                                            Purchaser and the Sellers are unable to resolve all objections during such 7-day period,
                                            any remaining Disputes shall be referred to an expert unaffiliated accountant from a Big-4
                                            firm (the “Expert”), and if the parties cannot agree
                                            on the identity of the Expert, he shall be nominated by the Chairman of the Israeli CPA Association.

 

		2.6.7	The
                                            Expert shall be instructed to resolve any such remaining Disputes in accordance with the
                                            terms of this Agreement within 15 days after its appointment and shall act in its capacity
                                            as an arbitrator. The Expert’s determination shall be conclusive and binding upon all
                                            the Parties, save in the event of a manifest mathematical error (when the relevant part of
                                            the determination shall be void and the matter shall be remitted to the Expert for correction).
                                            Upon delivery of such determination, the Closing Statement, as modified by such determination,
                                            shall be final and binding upon all the Parties.

 

		2.6.8	The
                                            fees and expenses of the Expert shall be allocated between the Purchaser, on the one hand,
                                            and the Sellers (such expense to be allocated between the Sellers in accordance with each
                                            Sellers’ Holding Percentage) on the other hand, based on the percentage which the portion
                                            of the Post-Closing Adjustment not awarded to each party bears to the amount in Dispute.
                                            For example, if the Sellers claims that the appropriate Post-Closing Adjustment (as defined
                                            below) is NIS 50,000 greater than the amount determined by the Purchaser and if the Expert
                                            ultimately resolves the Dispute by awarding to the Sellers NIS 40,000 of the NIS 50,000 contested,
                                            then the fees, costs and expenses of the Expert will be allocated 80% (i.e., 40,000 ÷
                                            50,000) to the Purchaser and 20% (i.e., 10,000 ÷ 50,000) to the Sellers.

 

		2.6.9	Upon
                                            the Closing Statement becoming final and binding in accordance with this section ‎2.6,
                                            the Cash Consideration and/or the Equity Consideration shall be recalculated according to
                                            the Consideration Adjustment, such that if the Consideration Adjustment is negative, the
                                            Equity Consideration shall be decreased by the Consideration Adjustment (based on the Equity
                                            Consideration PPS), and will be reduced from the Equity Installments, and if the negative
                                            Consideration Adjustment is higher than the remaining Equity Installments, any reaming amounts
                                            shall be decreased from the Cash Consideration of the Second Installment, and afterwards
                                            from the Third Installment. For the avoidance of doubt, no positive Consideration Adjustment
                                            will be made.

 

		2.7	Currency
                                            of Payment. All payments by the Purchaser or Sellers pursuant to this Agreement and the
                                            Transaction Documents shall be made in USD or, at the election of the Purchaser, in NIS at
                                            exchange rate published by the Bank of Israel on the Closing.

 

		2.8	Payment.

 

		2.8.1	Upon
                                            and subject to the terms herein, the Purchaser shall pay the Cash Consideration portions
                                            of the Purchase Price by way of wire transfer to the bank account of the Sellers.

 

		2.8.2	Upon
                                            and subject to the terms herein, the Purchaser will issue and deliver to each Seller, in
                                            such Seller’s name, in book entry, such Seller’s Holding Percentage of the Equity
                                            Consideration, free and clear of all Liens (other than those arising under securities laws
                                            and pursuant to the Lock-up Agreements).

 

    	 

    	 

    

 

	2.9	Tax
                                            Withholding. The Purchaser shall deduct and withhold from any consideration payable to
                                            any Sellers hereunder such amounts as the Purchaser is required to deduct and withhold under
                                            law, unless a Seller shall provide the Purchaser, at least 30 days prior to the proposed
                                            date of such payment, with an approval or certification issued by the Israeli Tax Authority
                                            (the “ITA”) specifically obtained for the purposes of the Transaction
                                            and which is in a from acceptable by the Purchaser.

 

		3.	The
                                            Closing

 

	3.1	The
                                            Closing. The closing of the Transaction (the “Closing”) shall take
                                            place virtually, by the electronic exchange of documents and counterpart signature pages,
                                            on the Effective Date, or on such other date and/or at such other place as shall be mutually
                                            agreed by the Parties. The date on which the Closing occurs is referred to herein as the
                                            “Closing Date”.

 

	3.2	Deliveries
                                            and Transactions at the Closing. At the Closing, the following transactions shall occur
                                            simultaneously and no transaction shall be deemed to have been completed or any document
                                            delivered until all such transactions have been completed and all required documents delivered
                                            to the satisfaction of the Purchaser and its counsel:

 

		3.2.1	The
                                            Sellers shall deliver to the Purchaser :

 

		3.2.1.1	Board
                                            and Shareholder Resolutions. True and correct copy of duly executed resolutions of the
                                            Board of Directors of the Company(the “Board”) and the shareholders of
                                            the Company, attached hereto as Schedule ‎3.2.1.1, approving the transfer
                                            and sale of the Sold Shares;

 

		3.2.1.2	Resignation
                                            of Directors. Validly executed letters of resignation from the Board, executed by the
                                            Sellers attached hereto as Schedule  ‎3.2.1.2;

 

		3.2.1.3	Share
                                            Certificates. Validly executed share certificate attached hereto as Schedule ‎3.2.1.3;

 

		3.2.1.4	Shareholders
                                            Register. A copy of the Company’s Shareholders Register attached hereto as Schedule
                                            ‎3.2.1.4;

 

		3.2.1.5	Notices
                                            to the Registrar of Companies. Duly executed copies of the reports to be submitted to
                                            the Israeli Companies Registrar, attached hereto as Schedule ‎3.2.1.5;

 

		3.2.1.6	Employment
                                            Agreement. A copy of duly executed employment agreement by and between the Company and
                                            each of the Sellers is attached hereto as Schedule ‎3.2.1.6;

 

		3.2.1.7	Share
                                            Transfer Deeds. Duly executed share transfer deeds signed by each of the Sellers in favor
                                            of the Purchaser, attached hereto as Schedule ‎3.2.1.7.

 

		3.2.1.8	Lock-Up
                                            Agreement. A copy of duly executed lock-up agreement by and between the My Size Inc.
                                            and each of the Sellers is attached hereto as Schedule ‎3.2.1.8.

 

		4.	Representations
                                            and Warranties of the Sellers

 

The
Sellers represent and warrants to the Purchaser and acknowledges that the Purchaser is entering into this Agreement in reliance thereon
that, as of the Closing Date:

 

    	 

    	 

    

 

		4.1	Organization.
                                            The Company is duly incorporated and validly existing under the laws of the State of Israel,
                                            and has full corporate power and authority to own, lease and operate its properties and assets,
                                            to conduct its business as now being conducted and as presently proposed to be conducted
                                            and to perform its obligations under all contracts to which it is a party or by which it
                                            is bound. The Company has all requisite power and authority to execute the Agreement and
                                            the Transaction Documents to which it is party and to consummate the transactions and perform
                                            its obligations contemplated therein. The current Articles of Association of the Company
                                            are attached hereto as Schedule ‎4.1 (the “Articles”).
                                            The Company has not taken any action or failed to take any action, which action or failure
                                            could preclude or prevent the Company from conducting its business after the Closing as presently
                                            conducted and as presently proposed to be conducted.

 

		4.2	Authorization;
                                            Approvals.

 

		4.2.1	All
                                            corporate action on the part of the Company, its shareholders and directors necessary for
                                            the authorization, execution, and performance of all of the Company’s obligations under
                                            the Agreement and exhibit, annexes, schedules and ancillary document hereto and thereto (“Transaction
                                            Documents”) and the sale and transfer of the Sold Shares, other than filings with
                                            the Israeli Registrar of Companies which shall be affected following the Closing, has been
                                            taken or will be taken prior to the Closing.

 

		4.2.2	Each
                                            Seller is fully authorized to execute, deliver and perform of all its obligations under the
                                            Agreement and Transaction Documents to which it is a party. No consent, approval, order,
                                            license, permit, action by, or authorization of or designation, declaration, from any person
                                            or entity or filing with any governmental authority on the part of the Seller, is required
                                            that has not been, or will not have been, obtained by such Seller prior to the Effective
                                            Date in connection with the valid execution and performance of this Agreement or the Transaction
                                            Documents. The performance of the Seller’s obligations hereunder or under the Transaction
                                            Documents will not breach any law, nor cause the Seller to breach any obligation it may have
                                            towards any third party.

 

		4.3	Share
                                            Capital.

 

		4.3.1	The
                                            registered share capital of the Company immediately following the Closing shall be NIS 100
                                            divided into 10,000 ordinary shares, par value NIS 0.01 per share, of which 2 ordinary shares
                                            shall be issued and outstanding.

 

		4.3.2	The
                                            capitalization table set forth in Schedule ‎4.3.2 (the “Capitalization
                                            Table”) sets forth the Company’s issued share capital and the number and
                                            class of shares held by each shareholder of the Company, and the total number of reserved,
                                            promised and granted options, warrants, and all other rights, promises or undertakings to
                                            subscribe for, purchase or acquire from the Company any share capital of the Company immediately
                                            prior to and following the Closing. The shareholders identified in the Capitalization Table
                                            are the lawful and beneficial owners of record of all of the issued and outstanding share
                                            capital of the Company and of all rights thereto, and there are no Liens, proxies, voting
                                            trust and other voting agreements, calls or commitments of any kind among them or between
                                            them and any third parties. The Capitalization Table includes the complete and correct capitalization
                                            of the Company on a Fully Diluted Basis.

 

For
the purposes of this Agreement “Fully Diluted Basis” shall mean all issued and outstanding share capital of the Company
and rights to receive (for consideration or without consideration) shares of the Company, including (i) all issued ordinary shares, (ii)
all securities issuable upon conversion into share capital of any existing convertible securities or loans including all securities convertible
into ordinary shares (iii) all issued, committed or allotted options, warrants and other rights to acquire shares or securities exchangeable
or convertible for shares of the Company, being deemed so allocated, exercised and converted, (iv) all options issued or allocated to
or reserved for any of the Company’s employees, directors and consultants under any equity plan approved by the Board including
an employee share option pool being deemed granted and/or exercised, and (v) all anti-dilution rights being deemed to be effected, and
(vi) any other rights (or promises or undertakings to grant such rights, including any written or oral promises or undertakings with
respect to such rights) to acquire and/or receive shares or securities exchangeable for shares deemed allocated and exercised, converted
or exercised, as the case may be, at their existing conversion/exercise prices.

 

    	 

    	 

    

 

		4.3.3	All
                                            issued and outstanding share capital of the Company has been duly authorized, and is validly
                                            issued, fully paid and non-assessable and such shares were issued in accordance with all
                                            legal, the incorporation documents of the Company, and any applicable contract pertaining
                                            thereto, and were not issued in violation of any preemptive rights or other rights to subscribe
                                            for or purchase securities of the Company, and none of such shares are subject to any repurchase
                                            option, forfeiture provision or restriction on transfer (other than restrictions on transfer
                                            imposed by virtue of applicable securities laws and the Articles). No contract relating to
                                            any securities of the Company contains any information rights, registration rights, financial
                                            statement requirements or other terms that would survive the Closing.

 

	4.4	Ownership.
                                            Each Seller is the sole and exclusive owner of all rights, title and interest in the Sold
                                            Shares indicated opposite his name in Schedule I, such Sold Shares have been duly
                                            authorized, are validly issued, non-assessable, fully paid and they are being sold, assigned
                                            and transferred to the Purchaser free and clear of any Liens. The Sellers own, of record
                                            and beneficially, 100% of the issued and outstanding shares and other securities of the Company,
                                            and all rights, title and interest in the Company. All of the Sold Shares were issued in
                                            compliance with all law. None of the Sold Shares were issued in violation of any agreement,
                                            arrangement or commitment to which the Seller is a party or is subject to or in violation
                                            of any preemptive or similar rights of any third party.

 

	4.5	Subsidiaries.
                                            The Company has no subsidiaries and does not own or control or have the right to acquire,
                                            directly or indirectly, any shares of capital stock, other security of, or any interest in
                                            any other company (including any non-profit, limited liability or joint stock company), general
                                            partnership, limited partnership, limited liability partnership, joint venture, estate, trust,
                                            firm or other enterprise, association, organization or entity (each an “Entity”),
                                            and has not performed any other investment in any other Entity. The Company has not agreed
                                            nor is obligated to make any future investment in or capital contribution to any Entity,
                                            or has guaranteed or is responsible or liable for any obligation of any other Entity.

 

		4.6	Financial
                                            Statements.

 

		4.6.1	The
                                            Company’s audited financial statements as of the year ended 31.12.2020 and 31.12.2019
                                            (the “Financial Statements”) are attached hereto as Schedule ‎4.6.1
                                            The Financial Statements are true and correct in all material respects, were prepared
                                            in accordance with Israeli GAAP on a consistent basis, and fairly and accurately present
                                            the financial position of the Company as of the dates set forth therein and the results of
                                            its operations for the periods then ended (except, in the case of unaudited statements, for
                                            the absence of footnotes). The Company does not have any liabilities, debts or obligations,
                                            whether accrued, absolute or contingent, other than (a) liabilities reflected or reserved
                                            against in the Financial Statements, (b) liabilities that have been incurred in the ordinary
                                            course of business of the Company as of January 1, 2021, in any single liability amount which
                                            do not exceed NIS 100,000 (provided however, that if such liability was included in the closing
                                            statement calculation and not specified in this Section ‎4.6.1 shall not be deemed a
                                            breach of this representation).

 

    	 

    	 

    

 

		4.6.2	The
                                            Company is not a guarantor of any debt or obligation of another, nor has the Company given
                                            any indemnification, loan, credit, security or otherwise agreed to become directly or contingently
                                            liable for any obligation of any person, and no person has given any guarantee of, or security
                                            for, any obligation of the Company.

 

		4.6.3	Since
                                            January 1, 2021, and until the Closing Date the Company has operated in the ordinary course
                                            of business consistent with past practices. Without limiting the generality of the above,
                                            there has not been:

 

		a)	any
                                            material adverse change in the assets, liabilities, condition (financial or otherwise) or
                                            business of the Company;
	 	 	 
		b)	any
                                            damage, destruction or loss, whether or not covered by insurance, materially and adversely
                                            affecting the assets, properties, conditions (financial or otherwise), operating results
                                            or business of the Company;
	 	 	 
		c)	any
                                            waiver by the Company of a valuable right or of a material debt owed to it;
	 	 	 
		d)	any
                                            satisfaction or discharge of any material Lien or payment of any material obligation by the
                                            Company, except in the ordinary course of business and that does not individually or in the
                                            aggregate have a material adverse effect;
	 	 	 
		e)	any
                                            material change or amendment to a material contract or material arrangement by which the
                                            Company or any of its assets or properties is bound or subject;
	 	 	 
		f)	any
                                            material change in any compensation arrangement or agreement with any employee, executive
                                            officer, director or shareholder of the Company;
	 	 	 
		g)	Any
                                            resignation or termination of any executive officer, key employee or group of employees of
                                            the Company;
	 	 	 
		h)	any
                                            loans made by the Company to its employees, shareholders, officers, directors, customers,
                                            suppliers, other than travel advances made in the ordinary course of business;
	 	 	 
		i)	any
                                            sale, transfer or lease of, except in the ordinary course of business, or mortgage or pledge
                                            of imposition of Lien on, any of the Company’s assets;
	 	 	 
		j)	any
                                            change in the accounting methods or accounting principles or practices employed by the Company;
	 	 	 
		k)	any
                                            change, amendment or revocation of any Tax election, or filing of any amendment to a tax
                                            return or a request for a tax refund, settlement of any claim or audit in respect of taxes,
                                            agreement to extend any applicable statute of limitation or entry into a contractual obligation
                                            in respect of taxes with any tax authority;
	 	 	 
		l)	any
                                            threatened, commencement or settlement of any material claim or suit;
	 	 	 
		m)	any
                                            declaration or payment of any dividend or other distribution of the assets of the Company;
	 	 	 
		n)	any
                                            other event or condition of any character that would have a material adverse effect; or
	 	 	 
		o)	any
                                            arrangement or commitment by the Company to do any of the things described in this section
                                            ‎4.6.3.

 

		4.6.4	The
                                            Company is able to pay its debts when due. There has been no request by the Company or by
                                            any other person for, nor has there been issued or commenced against or with respect to the
                                            Company any bankruptcy, receivership, freeze of proceedings, liquidation (whether voluntary
                                            or not), winding-up, arrangement with creditors, scheme of arrangement or other similar insolvency
                                            events, orders or proceedings, in each case, whether temporary or permanent. The Company
                                            has not failed to pay its material debts in full and when due, other than if such payment
                                            obligation has been contested in good faith.

 

    	 

    	 

    

 

		4.7	Interested
                                            Party Transactions. No officer, director or shareholder of the Company, or any affiliate
                                            of any such person or entity, has or has had, either directly or indirectly: (a) an interest
                                            in any person or entity which (i) furnishes or sells services or products which are furnished
                                            or sold or are proposed to be furnished or sold by the Company, or (ii) purchases from or
                                            sells or furnishes to the Company any goods or services, or (b) a beneficial interest in
                                            any contract or agreement to which the Company is a party or by which it may be bound or
                                            affected. There are no existing agreements, arrangements or proposed transactions between
                                            the Company and any officer, director, or shareholder of the Company, or any affiliate or
                                            associate of any such person. No employee, shareholder, officer, or director of the Company
                                            is indebted to the Company, nor is the Company indebted (or committed to make loans or extend
                                            or guarantee credit) to any of them. All prior shareholder loans to the Company have been
                                            fully and finally repaid and discharged by the Company, and the Company has no outstanding
                                            financial liabilities to any prior or current shareholder or director of the Company.

 

		4.8	Material
                                            Non-Public Information. Sellers acknowledges that they may be in possession of information
                                            about Purchaser and its securities, which may include material non-public information. Sellers
                                            acknowledge that it has not requested Purchaser to disclose any material or potentially material
                                            non-public information relating to Purchaser or its securities, and Purchaser has not done
                                            so. Sellers agree that Purchaser shall not be obligated to disclose any material non-public
                                            information it may have, or have any liability with respect to such non-disclosure. Sellers
                                            hereby waive any claim, or potential claim, they have or may have against Purchaser relating
                                            to or arising out of any failure of Purchaser or any of its Affiliates to disclose material
                                            non-public information in connection with the Transaction.

 

		4.9	Each
                                            Seller is acquiring the Equity Consideration for his or her own account for investment purposes
                                            only and not with a view to any public distribution thereof or with any intention of selling,
                                            distributing or otherwise disposing of the Equity Consideration in a manner that would violate
                                            the registration requirements of the Securities Act of 1933, as amended (the “Securities
                                            Act”). Each Seller agrees that the Equity Consideration may not be sold, transferred,
                                            offered for sale, pledged, hypothecated or otherwise disposed of without registration under
                                            the Securities Act and any applicable state securities laws, except pursuant to an exemption
                                            from such registration under the Securities Act and such laws. Each Seller is able to bear
                                            the economic risk of holding the Equity Consideration for an indefinite period (including
                                            total loss of its investment), and has sufficient knowledge and experience in financial and
                                            business matters so as to be capable of evaluating the merits and risk of his, her or its
                                            investment.

 

		4.10	Each
                                            Seller is an “accredited investor” within the meaning of Rule 501(a) under the
                                            Securities Act. Each Seller is a sophisticated investor and has such knowledge and experience
                                            in financial and business matters that such Seller is capable of evaluating the merits and
                                            risks of the investment in the Equity Consideration.

 

		4.11	Each
                                            Seller has had the opportunity to consult his, her or its own independent legal, tax, accounting
                                            and other advisors with respect to each Seller’s rights, benefits, and obligations
                                            under this Agreement and the tax and other economic consequences to such Seller of the receipt
                                            or ownership of the Equity Consideration, including the tax consequences under applicable
                                            laws and the possible effects of changes in such applicable laws. Each Seller is not relying
                                            on Purchaser or any of its affiliates or any of Purchaser’s employees, agents, representatives
                                            or advisors with respect to the legal, tax, economic and related considerations of an investment
                                            in the Equity Consideration.

 

    	 

    	 

    

 

		4.12	Each
                                            Seller understands and agrees that the investment in the Equity Consideration involves a
                                            high degree of risk and that no guarantees have been made or can be made with respect to
                                            the future value of the Equity Consideration or the future profitability or success of Purchaser,
                                            the Company and their respective affiliates.

 

		4.13	Each
                                            Seller acknowledges and agrees that such Seller has had an opportunity to review the Purchaser’s
                                            filings with the U.S. Securities and Exchange Commission (“SEC”)

 

		5.	Representations
                                            and Warranties of the Purchaser

 

The
Purchaser represents and warrants to the Sellers, and acknowledges that the Sellers are entering into this Agreement in reliance thereon,
as follows:

 

		5.1	Authorization.
                                            It has the full power and authority to execute this Agreement and the Transaction Documents
                                            to which it is a party, and to consummate the transactions contemplated hereby and thereby,
                                            and the execution of the Agreement and the Transaction Documents to which it is a party has
                                            been authorized by all necessary corporate actions, where required, on its part. This Agreement
                                            constitutes a valid and binding obligation of the Purchaser and is enforceable against it
                                            in accordance with its respective terms, all except as may be limited by (i) applicable bankruptcy,
                                            insolvency, reorganization, moratorium, and other laws of general application affecting enforcement
                                            of creditors’ rights, and (ii) as limited by laws relating to the availability of specific
                                            performance, injunctive relief, or other equitable remedies.

 

		5.2	Purchase
                                            Entirely for Own Account. The Sold Shares to be purchased hereunder by the Purchaser
                                            will be acquired for investment for such Purchaser’s own account.

 

		6.	Indemnification

 

		6.1	In
                                            the event of any inaccuracy, breach or misrepresentation of any covenant, obligation, warranty
                                            or representation in this Agreement or the Transaction Documents made by the Sellers, the
                                            Sellers shall, severally and jointly upon first demand, fully indemnify and hold harmless
                                            the Purchaser its partners, shareholders, directors, officers and employees (each, an “Indemnified
                                            Party”) from any and all losses, damages, costs, expenses, obligations, liabilities,
                                            expenses, payments, (including settlement payments) awards, judgments, taxes, fines and penalties,
                                            including legal fees and any decrease in the value of the Sold Shares (collectively a “Loss”)
                                            sustained or incurred by the Indemnified Party as a result of, or in connection with, or
                                            arising from such inaccuracy, breach or misrepresentation.

 

		6.2	In
                                            addition to the above, the Sellers shall, severally and jointly upon first demand, fully
                                            indemnify and hold harmless the Indemnified Party from any and all Losses, in connation with
                                            or related to, any of the following:

 

		(i)	Any
                                            action or omission by the Company or any of its officers or employees, occurring prior to
                                            the Closing;

 

		(ii)	Any
                                            events or circumstances, that occurred or started prior to the Closing;

 

		(iii)	Any
                                            taxes due in connection with the period prior to the Closing (pro-rated part thereto); and

 

		(iv)	Any
                                            claim by any employee, consultant or services provider of the Company (including the Sellers
                                            in their position as such), in connection with their employment, consideration, remuneration,
                                            compensation, social payments or other related benefits.

 

The
above indemnification shall also apply to Losses incurred by the Indemnified Parties post Closing, with respect to events or circumstances,
that occurred or started prior to the Closing.

 

    	 

    	 

    

 

		6.3	The
                                            representations, warranties, covenants and obligations of the Sellers, and the rights and
                                            remedies that may be exercised by the Indemnified Party, shall not be limited or otherwise
                                            affected by or as a result of any information furnished to, or any investigation made by
                                            or knowledge of, any of the Purchaser, the Indemnified Party or their representatives.

 

		6.4	This
                                            section ‎6 (Indemnification) does not restrict an Indemnified Parties’ right
                                            to seek specific performance or other injunctive relief with respect to any provision of
                                            this Agreement.

 

		7.	Waiver
                                            and Release

 

		7.1	Effective
                                            as of the Closing, each of the Sellers unconditionally, absolutely and irrevocably fully
                                            waives, releases and forever discharges the Company, and each of its past, current and future
                                            directors, officers, employees, representatives, affiliates, shareholders, controlling persons,
                                            (including their respective successors, heirs and assignees) (“Releasees”)
                                            from any and all disputes, claims, actions, demands, proceedings, contracts, damages, costs,
                                            expenses obligations, payments, debts and liabilities of any nature whatsoever, whether known
                                            or unknown, suspected or unsuspected, both at law and in equity, which the Seller now has,
                                            has ever had or may hereafter have against the respective Releasees arising prior to the
                                            Closing or on account of or arising out of any matter, cause or event occurring prior to
                                            the Closing (including, any rights to dividends, distributions, repayment of loans, indemnification
                                            or reimbursement from the Company), whether pursuant to its incorporation documents, bylaws
                                            or any other charter documents, contract, law (including under any Employment Laws) or otherwise
                                            and whether or not relating to claims pending on, or asserted after, the Closing; provided,
                                            however, and notwithstanding the foregoing, nothing contained herein shall operate to release
                                            any obligation of the Purchaser arising under this Agreement or the Transaction Documents.
	 	 	 
		8.	Affirmative
                                            Covenants

 

		8.1	Confidentiality.
                                            The Sellers and the Company undertake not to make public (by way of an announcement or by
                                            press release or in any other manner) the identity of the Purchaser, the Transaction, this
                                            Agreement (including the existence), the Transaction Documents or the terms hereof and thereof,
                                            without the Purchaser’s prior written consent. For the avoidance of doubt, the Purchaser
                                            shall be entitled at any time, in its sole and absolute discretion, to make any disclosure
                                            and issue any press release or make any public statement regarding this Agreement, the Purchase
                                            or the Transaction Documents. Each Seller shall at all times after the Effective Date maintain
                                            in strict confidence and shall not disclose any of the Company Intellectual Property or other
                                            confidential or proprietary information relating to the Company and/or the Business (whether
                                            of a technical, business, financial or other nature) which is not then in the public domain.

 

		8.2	Non-Competition.
                                            As of the Effective Date and for 2 years thereafter, each Seller hereby undertakes not to,
                                            directly or indirectly, either alone or jointly with any other person or in any capacity
                                            whatsoever:

 

		8.2.1	Solicit,
                                            induce or persuade (or attempt to do the same) any senior employee, director, executive,
                                            or consultant of the Company or its subsidiaries to leave the employ of, and/or terminate
                                            its engagement with, the Company or any of its subsidiaries;

 

		8.2.2	solicit
                                            for employment, hire or engage as an independent contractor, any employee or independent
                                            contractor of the Company or of any of its subsidiaries;

 

		8.2.3	solicit,
                                            induce or persuade (or attempt to do the same) any supplier, customer, affiliate and/or partner
                                            of the Company or its subsidiaries to terminate, alter or otherwise reduce the scope of its
                                            business relationship with the Company or its subsidiaries;

 

		8.2.4	carry
                                            on, operate, manage, be engaged or economically interested in, whether in Israel or anywhere
                                            in the world, (whether as a shareholder, director, officer, employee, consultant or otherwise)
                                            a competing business.

 

    	 

    	 

    

 

The
above restrictions shall not prohibit any Seller from holding up to 5% of the outstanding issued share capital of a competing company
listed on any recognized stock exchange, solely as a passive financial shareholder.

 

The
Parties acknowledge and agree that the restrictions contained in this section ‎8.2 (Non-Competition) are no greater than is
reasonably necessary for the protection of the interests of the Purchaser, the Company and its subsidiaries.

 

		9.	Miscellaneous

 

		9.1	Further
                                            Assurances. Each of the Parties hereto shall perform such further acts and execute such
                                            further documents as may reasonably be necessary to carry out and give full effect to the
                                            provisions of this Agreement and the intentions of the parties as reflected thereby.

 

		9.2	Governing
                                            Law; Jurisdiction. This Agreement shall be governed by and construed according to the
                                            laws of the State of Israel, without regard to the conflict of laws provisions thereof. The
                                            Parties hereby irrevocably and unconditionally submit to the exclusive jurisdiction of the
                                            competent courts in Tel-Aviv in respect of any matter arising in connection with this Agreement.

 

		9.3	Successors
                                            and Assigns; Assignment. Except as otherwise expressly limited herein, the provisions
                                            hereof shall inure to the benefit of, and be binding upon, the successors, assigns, heirs,
                                            executors, and administrators of the Parties. None of the rights, privileges, or obligations
                                            set forth in, arising under, or created by this Agreement may be assigned or transferred
                                            without the prior consent in writing of the Purchaser and Sellers, with the exception of
                                            an assignment or transfer from the Purchaser to any entity Controlling, Controlled by or
                                            under common Control therewith.

 

“Control”
means the ability to direct, or cause the direction of, the management and policies of the relevant entity, whether through the ownership
of voting securities, by contract or otherwise, including through the beneficial ownership of more than 50% of the ownership interests
or voting rights or the right to appoint the majority of the directors (or the equivalent thereof) therein.

 

		9.4	Entire
                                            Agreement; Amendment. This Agreement and the schedules hereto constitute the full and
                                            entire understanding and agreement between the parties with regard to the subject matters
                                            hereof and any other written or oral agreement relating to the subject matter hereof existing
                                            between the parties is expressly canceled. Any term of this Agreement may be amended only
                                            with the written consent of the Purchaser and Sellers.

 

		9.5	Notices,
                                            etc. All notices and other communications required or permitted hereunder to be given
                                            to a Party to this Agreement shall be in writing and shall be addressed to such Party’s
                                            address as set forth below or at such other address as the Party shall have furnished to
                                            each other Party in writing in accordance with this provision:

	 

                                                                                                                 if
                                            to the Purchaser :

    My
    Size Israel 2014 Ltd..

    4
    Hayarden Street

    Airport
    City, 7019900

    Israel

    Attn:
    Ronen Luzon

    E-mail:
Ronen@mysizeid.com

    

 

    	 

    	 

    

 

	with
                                            copies of all notices (which copies shall not constitute notice) to:

    Barnea,
    Jaffa, Lande Law Offices

    Harakevet
    Street 58

    Floor
    21

    Tel-Aviv
    6777016

    Israel

    Attn:
    Yuval Lazi

    E-mail:
    ylazi@barlaw.co.il

     

	if
                                            to the Sellers:

    Amar
    Guy Shalom

    [***]

    Attn:
    Amar Guy Shalom

    E-mail:
    Amar.guy@gmail.com

     

    Elad
    Bretfeld

    [***]

    Attn:
    Elad Bretfeld

    E-mail:
    Eladberto@gmail.com

     

    with
    copies of all notices (which copies shall not constitute notice) to:

    Ori
    Skuza Law Offices

    36
    Haodem St

    Shoham

    Israel

    Attn:
    Ori Skuza

    E-mail:
    skuzalaw@gmail.com

    

 

Any
notice sent in accordance with this section ‎9.5 shall be effective (i) if mailed, 5 business days after mailing; (ii) if by air
courier 2 business days after delivery to the courier service; (iii) if sent by messenger, upon delivery; and (iv) if sent via email,
upon transmission and electronic confirmation of receipt or (if transmitted and received on a non-business day) on the first business
day following transmission and electronic confirmation of receipt (provided, however, that any notice of change of address shall only
be valid upon receipt).

 

		9.6	Delays
                                            or Omissions. No delay or omission to exercise any right, power, or remedy accruing to
                                            any Party upon any breach or default under this Agreement, shall be deemed a waiver of any
                                            other breach or default theretofore or thereafter occurring. Any waiver on the part of any
                                            Party of any provisions or conditions of this Agreement, must be in writing and shall be
                                            effective only to the extent specifically set forth in such writing. All remedies, either
                                            under this Agreement or by law or otherwise afforded to any of the Parties, shall be cumulative
                                            and not alternative.

 

		9.7	Interpretation.
                                            The word “includes” and “including” and their syntactical variants
                                            means “includes, but is not limited to” and “including, without limitation,”
                                            and corresponding syntactical variant expressions.

 

		9.8	Severability.
                                            If any provision of this Agreement is held by a court of competent jurisdiction to be unenforceable
                                            under applicable law, then such provision shall be amended to the maximum extent required
                                            to render it valid, legal and enforceable (or deleted if no such amendment is feasible),
                                            and such amendment or deletion shall not affect the enforceability of the other provisions
                                            hereof.

 

		9.9	Counterparts.
                                            This Agreement may be executed in any number of counterparts, each of which shall be deemed
                                            an original and enforceable against the Parties actually executing such counterpart, and
                                            all of which together shall constitute one and the same instrument.

 

[Remainder
of page intentionally left blank]

 

    	 

    	 

    

 

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

 

PURCHASER:
My Size Israel 2014 Ltd.

 

	/s/
  Ronen Luzon	 
	By:	Ronen
  Luzon	 
	Title:	CEO	 

 

SELLERS:

 

	Amar
  Guy Shalom	 
	 	 
	/s/
  Amar Guy Shalom	 
	 	 
	Elad
  Bretfeld	 
	 	 
	/s/
  Elad Bretfeld	 

 

[Signature
Page to Share Purchase Agreement]

 

    	 

    	 

    

 

Schedule
I

 

	Seller	 	Number of Sold Shares	 	 	Holding Percentage	 
	Amar Guy Shalom	 	 	1	 	 	 	50	%
	Elad Bretfeld	 	 	1	 	 	 	50	%

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