Document:

Exhibit 10.10

 

HUB CYBER SECURITY (ISRAEL) LTD.

 

THE AMENDED AND RESTATED

 

2021 ISRAELI EMPLOYEE STOCK OPTION PLAN

 

(*In compliance with Amendment No. 132 of
the Israeli Tax Ordinance, 2002)

 

    

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TABLE OF CONTENTS

 

	1.	Name	3
	 	 	 
	2.	Interpretation	3
	 	 	 
	3.	Purpose of the Plan	5
	 	 	 
	4.	Administration of the Plan	5
	 	 	 
	5.	Designation of Participants	6
	 	 	 
	6.	Designation of Awards Pursuant to Section 102	7
	 	 	 
	7.	Trustee	7
	 	 	 
	8.	Ordinary Shares Reserved for the Plan; Restriction thereon	8
	 	 	 
	9.	Exercise Price	8
	 	 	 
	10.	Restricted Share Units	9
	 	 	 
	11.	Adjustments	10
	 	 	 
	12.	Term and Exercise of Options	12
	 	 	 
	13.	Termination of Employment or Hired Services	13
	 	 	 
	14.	Vesting of Award	14
	 	 	 
	15.	Continuation of Employment or Hired Services	14
	 	 	 
	16.	Rights as Shareholder	14
	 	 	 
	17.	RESERVED	14
	 	 	 
	18.	Dividends	14
	 	 	 
	19.	Assignability and Sale of Award	14
	 	 	 
	20.	Term of the Plan	15
	 	 	 
	21.	Amendments or Termination	15
	 	 	 
	22.	Government Regulations	15
	 	 	 
	23.	Governing Law; Jurisdiction	15
	 	 	 
	24.	Tax Consequences	15
	 	 	 
	25.	Non-Exclusivity of the Plan	16
	 	 	 
	26.	Multiple Agreements	16

 

    

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		1.	Name

 

This Plan, as amended from time to time,
shall be known as the HUB Cyber Security (Israel) Ltd. 2021 Share Option Plan (the "Plan").

 

		2.	Interpretation

 

The
following terms as used in the Plan shall have the respective meanings set forth below:2.1.     "Affiliate"
means any affiliate of the Company, which is an "employing company" within the meaning of Section 102(a) of the Ordinance.

 

		2.2.	"Approved 102 Award" means an Award granted pursuant to Section 102(b) of the
Ordinance and held in trust by a Trustee for the benefit of the Participant.

 

		2.3.	“Award” means Options, Restricted Share Unit, Share Purchase Right or other equity-based
awards under the Plan including any Additional Rights thereunder.

 

		2.4.	"Board" means the Board of Directors of the Company.

 

		2.5.	"Capital Gain Award (CGA)" as defined in Section 6.4 below.

 

		2.6.	"Cause" means, (i) conviction of any felony involving moral turpitude or affecting
the Company; (ii) any refusal to carry out a reasonable directive of the chief executive officer, the Board or the Participant's
direct supervisor, which involves the business of the Company or its Affiliates and was capable of being lawfully performed; (iii) embezzlement
of funds of the Company or its Affiliates; (iv) any breach of the Participant's fiduciary duties or duties of care of the Company;
including without limitation disclosure of confidential information of the Company; and (v) any conduct (other than conduct in good
faith) reasonably determined by the Board to be materially detrimental to the Company.

 

		2.7.	"Committee" means any committee of the Board to which the Board has delegated the responsibility
of administering the Plan.

 

		2.8.	"Company" means HUB Cyber Security (Israel) Ltd., an Israeli company.

 

		2.9.	"Companies Law" means the Companies Law 5759-1999, and any regulations, rules, orders
of procedures promulgated thereunder as in effect from time to time.

 

		2.10.	"Controlling Shareholder" shall have the meaning ascribed to it in Section 32(9) of
the Ordinance.

 

		2.11.	"Date of Grant" means the later of: (i) the date of grant of an Award as specified
in the Award Agreement between the Company and the Participant; and (ii) the date on which the grant of the Award has been approved
by the Board or, if applicable, the Shareholders of the Company.

 

		2.12.	"Employee" means a person who is employed by the Company or its Affiliates, including
an individual who is serving as a director or an office holder, but excluding a Controlling Shareholder.

 

		2.13.	"Exercise Price" means the price for each Ordinary Share subject to an Award, as applicable.

 

		2.14.	"Expiration Date" means the date upon which an Award shall expire, as set forth in Section 12.3
of this Plan.

 

     

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		2.15.	"Fair Market Value" means as of any date, the value of an Ordinary Share determined as
follows:

 

(i)            If
the Ordinary Shares are listed on any established stock exchange or a national market system, including without limitation the NASDAQ
National Market system, or the NASDAQ SmallCap Market of the NASDAQ Stock Market, the Fair Market Value shall be the closing sales price
for such Ordinary Shares (or the closing bid, if no sales were reported), as quoted on such exchange or system for the last market trading
day prior to time of determination, as reported in the Wall Street Journal, or such other source as the Board deems reliable.

 

Without derogating from the above, solely
for the purpose of determining the tax liability pursuant to Section I 02(b)(3) of the Ordinance, if at the Date of Grant the
Company's shares are listed on any established stock exchange or a national market system or if the Company's shares will be registered
for trading within ninety (90) days following the Date of Grant, the Fair Market Value of an Ordinary Share at the Date of Grant shall
be determined in accordance with the average value of the Company's shares on the thirty (30) trading days preceding the Date of Grant
or on the thirty (30) trading days following the date of registration for trading, as the case maybe;

 

(ii)            If
the Ordinary Shares are regularly quoted by a recognized securities dealer but selling prices are not reported, the Fair Market Value
shall be the mean between the high bid and low asked prices for the Ordinary Shares on the last market trading day prior to the day of
determination, or;

 

(iii)            In
the absence of an established market for the Ordinary Shares, the Fair Market Value thereof shall be determined in good faith by the Board.

 

		2.16.	"IPO" means the initial public offering of the Company's shares.

 

		2.17.	"ITA" means the Israeli Tax Authorities.

 

		2.18.	"Non-Employee" means a consultant, adviser, service provider, Controlling Shareholder
or any other person, in each case who is a natural person and who is eligible to be issued Shares in an issuance that is registered on
Form S-8 under the United States Securities Act of the 1933 who is not an Employee.

 

		2.19.	"Ordinary Income Award (OIA)" as defined in Section 6.5 below.

 

		2.20.	"Option" means an option to purchase Ordinary Shares out of the Pool granted pursuant
to the terms of this Plan.

 

		2.21.	"102 Award" means any Award granted to Employees pursuant to Section 102 of the
Ordinance.

 

		2.22.	"3(i) Award" means an Award granted pursuant to Section 3(i) of the Ordinance
to any person who is Non-Employee.

 

		2.23.	"Participant" means an individual or entity to whom an Award has been granted, as applicable.

 

		2.24.	"Award Agreement" means the agreement by and between the Company and a Participant that
sets out the terms and conditions of an Award.

 

		2.25.	"Pool" means the aggregate number of Ordinary Shares issuable pursuant to the Plan as
set forth in Section 8.1 below.

 

		2.26.	"Ordinance" means the Israeli Income Tax Ordinance [New Version], 1961 as now in effect
or as hereafter amended and any regulations, rules, orders of procedures promulgated thereunder, as amended from time to time.

 

     

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		2.27.	"Ordinary Shares" means Ordinary Shares par value of NIS 0.01 each of the Company.

 

		2.28.	“Restricted Share Unit” means an Award entitling a Participant to receive Shares under
this Plan that is subject to the terms and conditions of Section 10 herein.

 

		2.29.	"Section 102" means Section 102 of the Ordinance.

 

		2.30.	"Section 3(i)" means Section 3(i) of the Ordinance.

 

		2.31.	"Share Purchase Right" means the Company’s offer to some or all Employees the right
to purchase Ordinary Shares of the Company and to pay for such Ordinary Shares through (i) deductions from their salaries or other
remuneration, (ii) a cash payment to the Company or (iii) by a combination of salary deductions and cash payments.

 

		2.32.	"Successor Company" means any entity which the Company is merged with and into or is
acquired by, in which the Company is not the surviving entity.

 

		2.33.	“Transaction" means (i) a merger, acquisition, reorganization, amalgamation or
consolidation of the Company with one or more other entities in which the Company is not the surviving entity; or (ii) a sale of
all or substantially all of the assets of the Company.

 

		2.34.	"Trustee" means any individual appointed by the Company to serve as a trustee and approved
by the ITA, all in accordance with the provisions of Section 102(a) of the Ordinance.

 

		2.35.	"Unapproved 102 Award" means an Award granted pursuant to Section 102(c) of
the Ordinance and not held in trust by a Trustee.

 

		2.36.	"Vested Award" means any Award, which has already been vested according to the Vesting
Dates.

 

		2.37.	"Vesting Dates" means, as determined by the Board or by the Committee, the date as of
which the Participant shall be entitled to exercise the Options or part of the Options, or the Share Purchase Right, or shall be entitled
to Ordinary Shares under the terms if the Restricted Share Unit, as set forth in section 12.2 of this Plan.

 

		3.	Purpose of the Plan

 

The Plan is intended as an incentive
to retain, in the employ of the Company and its Affiliates, persons of training, experience and ability, to attract new employees, directors,
consultants, service providers and any other entity whose services are considered valuable, to encourage the sense of proprietorship of
such persons, and to stimulate the active interest of such persons in the development and financial success of the Company by providing
them with opportunities to purchase shares in the Company.

 

		4.	Administration of the Plan

 

		4.1.	The Board shall have the power to administer the Plan either directly or upon the recommendation of the
Committee, all as provided by applicable law and in the Company's Articles of Association. Notwithstanding the above, the Board shall
automatically have residual authority if no Committee shall be constituted or if such Committee shall cease to operate for any reason.

 

     

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		4.2.	The Committee shall have full power and authority to recommend to the Board and the Board shall have the
full power and authority to: (i) designate participants; (ii) determine the terms and provisions of respective Award Agreements
(which need not be identical) including, but not limited to the number of Awards to be granted to each Participant, the number of Ordinary
Shares to be covered by each Award, provisions concerning the time or times when, and the extent to which, the Award may be exercised
and the nature and duration of restrictions as to transferability or restrictions constituting substantial risk of forfeiture; (iii) cancel
or suspend awards, as necessary; (iv) determine the Fair Market Value of the Ordinary Shares covered by each Award; (v) make
an election as to the type of the Approved 102 Award; (vi) designate the type of Awards; (vii) alter any restrictions and conditions
of any Awards or Ordinary Shares subject to any Awards; (viii) determine the Exercise Price of the Option or Share Purchase Right;
(ix) prescribe, amend and rescind rules and regulations relating to the Plan; (x) accelerate the right of a Participant
to exercise, in whole or in part, any previously granted Award, if applicable; (xi) interpret the provisions and supervise the administration
of the Plan; and (xii) determine any other matter which is necessary or desirable for, or incidental to administration of the Plan.
The Board and the Committee shall exercise all of their power and authority under all of the provisions of this Plan in good faith;

 

		4.3.	Reserved

 

		4.4.	Subject to the Company's Articles of Association, all decisions and selections made by the Board or the
Committee pursuant to the provisions of the Plan shall be made by a majority of its members pursuant to any restrictions or requirements
set in the Companies Law and any other applicable law. Any decision reduced to writing shall be executed in accordance with the provisions
of the Company's Articles of Association.

 

		4.5.	The interpretation and construction by the Committee of any provision of the Plan or of any Award Agreement
thereunder shall be final and conclusive unless otherwise determined by the Board.

 

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

 

		5.	Designation of Participants

 

	 	5.1.	The persons eligible for participation in the Plan as
Participants shall include any Employees and/or Non-Employees of the Company or of any Affiliate; provided, however, that (i) Employees
may only be granted 102 Awards; (ii) Non-Employees may only be granted 3(i) Awards; and (iii) Controlling Shareholders
may only be granted 3(i) Awards.

 

		5.2.	The grant of an Award hereunder shall neither entitle the Participant to participate nor disqualify the
Participant from participating in, any other grant of Award pursuant to the Plan or any other equity incentive plan of the Company or
any of its Affiliates.

 

		5.3.	Anything in the Plan to the contrary notwithstanding, all grants of Awards to Office Holders, as such
term is defined in the Companies Law, shall be authorized and implemented only in accordance with the provisions of the Company's Articles
of Association and the Companies Law or any successor act or regulation, as in effect from time to time.

 

     

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		6.	Designation of Awards Pursuant to Section 102

 

		6.1.	The Company may designate Awards granted to Employees pursuant to Section 102 as Unapproved 102 Awards
or Approved 102 Awards.

 

		6.2.	The grant of Approved 102 Awards shall be made under this Plan adopted by the Board as described in Section 20
below, and shall be conditioned upon the lapse of 30 days following filing of this Plan with the ITA.

 

		6.3.	Approved 102 Award may either be classified as Capital Gain Award ("CGA") or Ordinary
Income Award ("OIA").

 

		6.4.	Approved 102 Award elected and designated by the Company to qualify under the capital gain tax treatment
in accordance with the provisions of Section 102(b)(2) shall be referred to herein as CGA.

 

		6.5.	Approved 102 Award elected and designated by the Company to qualify under the ordinary income tax treatment
in accordance with the provisions of Section 102(b)(1) shall be referred to herein as OIA.

 

		6.6.	The Company's election of the type of Approved 102 Awards as CGA or OIA granted to Employees (the "Election"),
shall be appropriately filed with the ITA before the Date of Grant of an Approved 102 Award. Such Election shall become effective beginning
the first Date of Grant of an Approved 102 Award under this Plan and shall remain in effect until the end of the year following the year
during which the Company first granted Approved 102 Awards. The Election shall obligate the Company to grant only the type of Approved
102 Award it has elected, and shall apply to all Participants who were granted Approved 102 Awards during the period indicated herein,
all in accordance with the provisions of Section 102(g) of the Ordinance. For the avoidance of doubt, such Election shall not
prevent the Company from granting Unapproved 102 Awards simultaneously.

 

		6.7.	All Approved 102 Awards must be held in trust by a Trustee, as described in Section 7 below.

 

		6.8.	For the avoidance of doubt, the designation of Unapproved 102 Awards and Approved 102 Awards shall be
subject to the terms and conditions set forth in Section 102 of the Ordinance and the regulations promulgated thereunder.

 

		6.9.	With regards to Approved 102 Awards, the provisions of the Plan and/or the Award Agreement shall be subject
to the provisions of Section 102 and the Tax Assessing Officer's permit, and the said provisions and permit shall be deemed an integral
part of the Plan and of the Award Agreement. Any provision of Section 102 and/or the said permit which is necessary in order to receive
and/or to keep any tax benefit pursuant to Section 102, which is not expressly specified in the Plan or the Award Agreement, shall
be considered binding upon the Company and the Participants.

 

		7.	Trustee

 

		7.1.	Approved 102 Awards granted under the Plan and any Ordinary Shares allocated or issued upon exercise of
such Approved 102 Awards and/or other shares received subsequently following any realization of rights under the Plan, including without
limitation bonus shares, shall be issued to the Trustee and held for the benefit of the Participants for a period of time as required
by Section 102 or any regulations, rules or orders or procedures promulgated thereunder (the "Holding Period").
In the case the requirements for Approved 102 Awards are not met, then the Approved 102 Awards may be treated as Unapproved 102 Awards,
all in accordance with the provisions of Section 102 and regulations promulgated thereunder.

 

     

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		7.2.	Anything to the contrary notwithstanding, the Trustee shall not release any Approved 102 Awards or Ordinary
Shares allocated or issued upon exercise of Approved 102 Awards prior to the full payment by the Participant of its tax liabilities arising
from grant of Approved 102 Awards or issuance of any Ordinary Shares allocated or issued upon exercise of such Awards.

 

		7.3.	With respect to any Approved 102 Award, subject to the provisions of Section 102 and any rules or
regulation or orders or procedures promulgated thereunder, a Participant shall not be entitled to sell or release from trust any Share
received upon the exercise of an Approved 102 Award and/or any share received subsequently following any realization of rights, including
without limitation, bonus shares, until the lapse of the Holding Period required under Section 102 of the Ordinance.

 

		7.4.	Upon receipt of Approved 102 Award, the Participant shall sign an undertaking to exempt the Trustee from
any liability in respect of any action or decision taken and executed in good faith in relation with the Plan, or any Approved 102 Award
or Ordinary Share granted to him thereunder.

 

		8.	Ordinary
Shares Reserved for the Plan; Restriction thereon

 

	 	8.1.	Subject to adjustments as set forth in Section 10 below, the Board shall reserve from time to
    time such number of Ordinary Shares required to meet the Company's needs for allocation under this Plan (the " Pool")
    and for the purposes of any other equity incentive plans which may be adopted by the Company in the future. The Pool shall initially
    consist of 15,000,000 Shares and the Pool shall be subject to an annual automatic increase on the first day of each calendar year
    beginning January 1, 2023 and ending on and including January 1, 2032, equal to the lesser of (A) 5% of the aggregate
    number of Shares outstanding on the final day of the immediately preceding calendar year and (B) such smaller number of Shares
    as is determined by the Board. The Pool shall be reserved for such purpose in the authorized share capital of the Company and such
    Ordinary Shares out of the Pool may only be issued upon the terms hereof. Any of such Ordinary Shares out of the Pool which may remain
    unissued and which are not subject to outstanding Awards at the termination of the Plan shall cease to be reserved for the purpose
    of the Plan. Should any Award expire or be canceled for any reason prior to its exercise or relinquishment in full, the Ordinary
    Shares subject to such Award may again be subjected to an Award under the Plan.

 

		8.2.	Each Award granted pursuant to the Plan, shall be evidenced by a written Award Agreement between the Company
and the Participant, in such form as the Board or the Committee shall from time to time approve. Each Award Agreement shall state, among
other matters, the number of Ordinary Shares to which the Award relates, the type of Award granted thereunder (whether a CGA, OIA, Unapproved
102 Award or a 3(i) Award), if applicable, the Vesting Dates, the Exercise Price per share, the Expiration Date and such other terms
and conditions as the Committee or the Board in its discretion may prescribe, provided that they are consistent with this Plan.

 

		9.	Exercise Price

 

		9.1.	The Exercise Price of each Ordinary Share subject to an Option or Share Purchase Right shall be determined
by the Board in its sole and absolute discretion in accordance with applicable law. The Board in its sole discretion may set a different
Exercise Price considering Participant's seniority, position at the Company and/or any other relevant parameters.

 

     

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		9.2.	The Exercise Price shall be payable upon the exercise of the Option or Share Purchase Right, as applicable,
in a form satisfactory to the Board, by cash, check, cash less or Net Exercise (as defined below). The Committee and/or the Board shall
have the authority to postpone the date of payment on such terms as it may determine.

 

		9.3.	The Exercise Price shall be denominated in the currency of the primary economic environment of, either
the Company or the Participant (that is the functional currency of the Company or the currency in which the Participant is paid) as determined
by the Company.

 

		9.4.	Net Exercise. The Board may determine that instead of issuing one Ordinary Share as a result of the exercise
of each one Option or Share Purchase Right, all Options and Share Purchase Rights shall be exercised using the following method (the "Net
Exercise"):

 

		9.4.1.	The Company shall issue to the Participant (or to the Trustee, as applicable) a number of Ordinary Shares
having an aggregate Fair Market Value equal to the Benefit Amount (as defined below) (the "Net Exercise Shares");

 

For the purposes of this Section The
"Benefit Amount" shall mean the difference between:

 

		(A)	the product of (i) the Market Value and (ii) the number of Ordinary Shares subject to the Options
or Share Purchase Rights for which an Exercise Notice has been delivered to the Company; and

 

		(B)	the product of (i) the Exercise Price and (ii) the number of Ordinary Shares subject to the
Options or Share Purchase Rights for which an Exercise Notice has been delivered to the Company.

 

		9.4.2.	The Participant shall not be required to pay to the Company any sum with respect to the exercise of such
Options or Share Purchase Rights, other than a sum equal to the aggregate nominal value of the Net Exercise Shares (the "Nominal
Value Sum"). However, the Company shall have the full authority in its discretion to determine at any time that the Nominal Value
Sum shall not be paid and that the Company shall capitalize applicable profits or take any other action to ensure that it meets any requirement
of applicable law regarding issuance of Ordinary Shares for consideration that is lower than the nominal value of such Shares.

 

		9.4.3.	No fractional shares will be issued to the Participant and the number of shares granted to the Participant
under this Option Plan shall be rounded off (upward or downward) to the nearest whole number.

 

		10.	Restricted Share Units.

 

		10.1.	Eligibility. Restricted Share Units may be granted to all Participants at any time and from time
to time as determined by the Board, either alone or in addition to other Awards granted under the Plan. The Administrator shall determine
the eligible Participants to whom, and the time or times at which, grants of Restricted Share Units will be made, the number of Restricted
Share Units to be awarded, the number of Shares subject to the Restricted Share Units, the vesting schedule and rights to acceleration
thereof, and all other terms and conditions of the Awards as shall be set forth in the Award Agreement. The Administrator may condition
the grant or vesting of Restricted Share Units upon the attainment of specified performance targets or such other factors as the Administrator
may determine, in its sole discretion.

 

     

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		10.2.	Vesting of Restricted Share Units. Shares shall be issued to or for the benefit of Participant
promptly following each vesting date determined by the Board, provided that Participant is still engaged with the Company on the applicable
vesting date. After each such vesting date the Company shall promptly cause to be issued for the benefit of Participant Shares with respect
to Restricted Share Units that became vested on such vesting date. It is clarified that no Shares shall be issued pursuant to the Restricted
Share Units to Participant until the vesting criteria determined by the Board is met.

 

		10.3.	Terms. Prior to the actual issuance of any Shares, each Restricted Share Unit will represent an
unfunded and unsecured obligation of the Company, payable only from the general assets of the Company.

 

		10.4.	Rights as Shareholder. A Participant holding Restricted Share Units shall not be, nor have any
of the rights or privileges of, a shareholder of the Company in respect of any Shares issuable upon the vesting of any part of the Restricted
Share Units unless and until such Shares shall have been issued by the Company to such Participant (as evidenced by the appropriate entry
on the books of the Company or of a duly authorized transfer agent of the Company). No adjustment will be made for a dividend or other
right for which the record date is prior to the date the Shares are issued, unless otherwise provided herein.

 

		11.	Adjustments

 

Upon the occurrence of any of the following
described events, the Participant's rights to purchase Ordinary Shares under the Plan shall be adjusted as hereafter provided:

 

		11.1.	In the event of Transaction while unexercised Options or Share Purchase Right or unvested Restricted Share
Units are outstanding under the Plan, all of the Ordinary Shares subject to the unexercised portions of such outstanding Options, Share
Purchase Rights or Restricted Share Unites shall be replaced or substituted by an appropriate number of shares of each class of shares
or other securities of the Successor Company (or a parent or subsidiary of the Successor Company) as were distributed to the shareholders
of the Company in respect of the Transaction, and appropriate adjustments shall be made in the Exercise Price per share to reflect such
action and all other terms and conditions of the Award Agreements shall remain unchanged, including but not limited to the Vesting Dates,
all as will be determined by the Board, the determination of which shall be final and conclusive.

 

		11.2.	However, subject to any applicable law, in the event that the Successor Company does not agree to assume
or substitute the award as aforesaid, the Board or the Committee shall have full power and authority to determine that in certain Award
Agreements the Vesting Dates shall be accelerated so that any unexercisable or unvested portion of the outstanding Award or any portion
thereof shall be immediately exercisable and vested in full as of the date that is ten (10) days prior to the date of the Transaction.

 

     

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		11.3.	For the purposes of section 11.1 above, an Award shall be considered assumed or substituted if, following
the Transaction, the Award confers the right to purchase or receive, for each Ordinary Share underlying an Award immediately prior to
the Transaction, the consideration (whether shares, options, cash, or other securities or property) received in the Transaction by holders
of shares held on the effective date of the Transaction (and if such holders were offered a choice of consideration, the type of consideration
chosen by the holders of a majority of the outstanding shares); provided, however, that the Committee may determine, in its discretion:
(i) that the consideration to be received upon the exercise or vesting of Award to be solely ordinary shares (or their equivalent)
of the Successor Company or its parent or subsidiary equal in Fair Market Value to the per Ordinary Share consideration received by holders
of a majority of the outstanding shares in the Transaction; or (ii) that in lieu of the replacement or substitution of Award for
similar award or shares of the Successor Company or its parent or subsidiary, such Award will be substituted for any other type of asset
or property including cash which is fair under the circumstances.

 

		11.4.	If the Company is voluntarily liquidated or dissolved while unexercised Options or Share Purchase Rights
remain outstanding under the Plan, then the Company shall immediately notify all unexercised Option or Share Purchase Right holders of
such liquidation, and the Option or Share Purchase Right holders shall then have ten (10) days to exercise any unexercised Vested
Option or Vested Share Purchase Right held by them at that time, in accordance with the exercise procedure set forth herein. Upon the
expiration of such ten-days period, all remaining outstanding Options and Share Purchase Right will terminate immediately.

 

		11.5.	If the outstanding shares of the Company shall at anytime be changed or exchanged by declaration of a
stock dividend, stock split, combination or exchange of shares, recapitalization, or any other like event by or of the Company, and as
often as the same shall occur, then the number, class and kind of Ordinary Shares subject to this Plan or subject to any Award therefore
granted, and the Exercise Prices, shall be appropriately and equitably adjusted so as to maintain the proportionate number of Ordinary
Shares without changing the aggregate Exercise Price; provided, however, that no adjustment shall be made by reason of the distribution
of subscription rights on outstanding stock. Upon happening of any of the foregoing, the class and Pool pursuant to the Plan (as set forth
in section 8 hereof), in respect of which Award have not yet been exercised or vested, shall be appropriately adjusted, all as will be
determined by the Board, the determination of which shall be final and conclusive.

 

		11.6.	Anything herein to the contrary notwithstanding, if prior to the completion of an IPO all or substantially
all of the shares of the Company are to be sold, or upon a Transaction, the shares of the Company, or any class thereof, are to be exchanged
for securities of another company, then each Participant shall be obliged to sell or exchange, as the case may be, the Ordinary Shares
such Participant purchased under the Plan, in accordance with the instructions that shall be determined by the Board, the determination
of which shall be final and conclusive.

 

		11.7.	As promptly as practicable following the Company's IPO, if in the United States, the Company shall use
reasonable commercial efforts to register the Ordinary Shares on a Form S-8 or similar registration statement, to the extent required
to allow the sale of such Ordinary Shares under applicable securities laws.

 

		11.8.	The Participant acknowledges that in the event that the Company's shares shall be registered for trading
in any public market, Participant's rights to sell the Ordinary Shares may be subject to certain limitations (including a lock-up period),
as will be requested by the Company or its underwriters, and the Participant unconditionally agrees and accepts any such limitations.

 

     

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		12.	Term and Exercise of Options

 

		12.1.	Options shall be exercised by the Participant by giving written notice to the Company and/or to any third
party designated by the Company (the "Representative"), in such form and method as may be determined by the Company and
the Trustee and when applicable, conforming to Section 102 (the "Exercise Notice"), which exercise shall be effective
upon receipt of such Exercise Notice by the Company and/or the Representative at its principal office and the full payment by the Participant
of the Exercise Price and the Participant's tax liabilities arising from the number of Options being exercised. The Exercise Notice shall
specify the number of Ordinary Shares with respect to which the Option is being exercised.

 

		12.2.	Exercise of a Share Purchase Right may be subject to the Participant’s execution of one or more
consents to the Company, tax authorities, a public stock exchange or other third parties relating to deductions of salary, market hold-backs
or other issues, as may be prescribed by the Board of Directors from time to time pursuant to the applicable Award Agreement. Payment
for Ordinary Shares purchased under a Share Purchase Right may be affected in (i) cash, or (ii) by check payable to the order
of the Company, (iii) through periodic deductions from the Participant’s salary or other remuneration, (iv) if the Ordinary
Shares are listed for trading on any securities exchange or over-the-counter market, and if the Board of Directors of the Company so determines,
all or part of the payment for exercise of a Share Purchase Right and any withholding taxes upon the exercise thereof may be paid by the
delivery (on a form prescribed by the Company) of an irrevocable direction to a securities broker approved by the Company to sell shares
and to deliver all or part of the sales proceeds to the Company or the Trustee, or (v) if the Ordinary Shares are listed for trading
on any securities exchange or over-the-counter market, and if the Board so determines, all or part of the exercise price of a Share Purchase
Right and any withholding taxes may be paid by the delivery (on a form prescribed by the Company) of an irrevocable direction to pledge
Ordinary Shares to a securities broker or lender approved by the Company, as security for a loan, and to deliver all or part of the loan
proceeds to the Company, (vi) if the exercise is part of or concurrent with the consummation of a Transaction wherein the primary
consideration received from the acquiring party in such transaction is received by the Company in cash or marketable securities, then
with the approval of the Board, in lieu of paying the exercise price for the Share Purchase Price being exercised, the Participant holding
such Share Purchase Price may by written notice to the Board of Directors of the Company exercise the Share Purchase Price on a Net Exercise
basis in accordance with Section 9.4 above, or (vii) such Transaction such other method of payment acceptable to the Company
as determined by the Board of Directors of the Company, and shall be accompanied by a notice stating the number of Shares being paid for
thereby. The Net Exercise process described above may be subject to special permission from the Israel Tax Authority.

 

		12.3.	The Options or Share Purchase Right granted under this Option Plan shall vest in accordance with the Vesting
Dates as determined by the Board at its sole discretion and set forth in the respective Award Agreements pursuant to which the Options
are granted.

 

		12.4.	Options and Share Purchase Rights, to the extent not previously exercised, shall terminate forthwith upon
the earlier of: (i) the date set forth in the Award Agreement; and (ii) the expiration of any extended period in any of the
events set forth in section 13.3 below.

 

     

     - 13 -

    

 

		12.5.	The Options or Share Purchase Right may be exercised by the Participant in whole at any time or in part
from time to time, to the extent that the Options or Share Purchase Right become vested and exercisable, prior to the Expiration Date,
and provided that subject to the provisions of Section 13 below, the Participant is employed by or providing services to the Company
or any of its Affiliates at all times during the period commencing upon the Date of Grant and ending upon the date of exercise.

 

		13.	Termination of Employment or Hired Services

 

		13.1.	Subject to the provisions of section 13.3 below, in the event of termination of Participant's employment
or services, with the Company or any of its Affiliates, all Awards granted to such Participant will immediately expire. A notice of termination
of employment or service shall be deemed to constitute termination of employment or service. For the avoidance of doubt, in case of such
termination of employment or service, the unvested portion of the Participant's Award shall not vest and shall not become exercisable.

 

		13.2.	A Participant whose employment or service was terminated for Cause shall, at the discretion of the Company,
lose any right that such Participant may have had with respect to Awards that were granted to such Participant (including vested Options
which at the date of termination were not yet exercised), and such Awards will immediately expire.

 

		13.3.	Notwithstanding anything to the contrary hereinabove and unless otherwise determined in the Participant's
Award Agreement, an Option or Share Purchase Right may be exercised after the date of termination of Participant's employment or service
with the Company or any Affiliates during an additional period of time beyond the date of such termination, but only with respect to the
number of Vested Options or Share Purchase Right at the time of such termination according to the Vesting Dates, if:

 

(i)     termination
is without Cause, in which event an Option or Share Purchase Right already vested at the time of such termination according to the Vesting
Dates may be exercised by the Participant within ninety (90) days after the date of termination of the Participant's employment or service
with the Company or any Affiliate of the Company (the "Exercise Period");

 

(ii)    termination
is the result of death or disability of the Participant, in which event any Vested Option or Share Purchase Right still in force and unexpired
may be exercised within a period of twelve (12) months after the date of such termination; or -

 

(iii)   prior
to the date of such termination, the Board or the Committee shall authorize an extension of the terms of all or part of the Vested Options
or Share Purchase Right beyond the date of such termination for a period not to exceed the period during which the Options or Share Purchase
Right by their terms would otherwise have been exercisable.

 

A Participant who does not exercise the
Vested Options or Share Purchase Right during the Exercise Period shall lose any right that such Participant may have had to the Options
or Share Purchase Right, and such Options or Share Purchase Right shall immediately expire.

 

     

     - 14 -

    

 

		13.4.	With respect to Unapproved 102 Option, if the Participant ceases to be employed by the Company or any
Affiliate, and wishes to continue and hold the Options or Share Purchase Right granted to him, the Participant shall extend to the Company
and/or its Affiliate a security or guarantee for the payment of tax due at the time of sale of Shares, all in accordance with the provisions
of Section I02 and the rules, regulations or orders promulgated thereunder.

 

		14.	Vesting of Award

 

	 	14.1.	Subject to the provisions of the Plan, each Award shall vest following
the Vesting Dates and for the number of Ordinary Shares as shall be provided in the Award Agreement. However, no Option or Share Purchase
Right shall be exercisable after the Expiration Date.

 

		14.2.	An Option may be subject to such other terms and conditions on the time or times when it may be exercised,
as the Committee and/or the Board may deem appropriate. The vesting provisions of individual Options may vary.

 

		15.	Continuation of Employment or Hired Services

 

Neither the Plan nor the Award Agreement
with the Participant shall impose any obligation on the Company or any Affiliate thereof to have any such Participant continue in the
Company's employ or service, and nothing in the Plan or in any Award granted pursuant thereto shall confer upon any Participant any right
to continue in the employ or service of the Company or an Affiliate thereof or restrict the right of the Company or such Affiliate thereof
to terminate such employment or service at any time.

 

		16.	Rights as Shareholder

 

The Participant shall not have any of
the rights or privileges of shareholders of the Company in respect of any Ordinary Shares purchasable upon the exercise of any part of
an Award unless and until the exercise of such Option or Share Purchase Right or the vesting of Restriction Share Units in accordance
of the provisions of this Plan and the registration of the Participant or the Trustee on the Participant’s behalf as a holder of
such Ordinary Shares in the Company’s register of shareholders, but in case of Award and Ordinary Shares held by the Trustee, subject
to the provisions of Section 7 of the Plan.

 

		17.	RESERVED

 

		18.	Dividends

 

With respect to all Ordinary Shares
(in contrary to unexercised Options or Share Purchase Right or unvested Restricted Share Units) issued upon the exercise of Options or
a Share Purchase Right or vesting of Restricted Share Units, and held by the Participant or by the Trustee, as the case may be, the Participant
shall be entitled to receive dividends in accordance with the quantity of such Ordinary Shares, subject to the provisions of the Company's
Articles of Association (and all amendments thereto) and subject to any applicable taxation on distribution of dividends, and when applicable
subject to the provisions of Section 102 and the rules, regulations or orders promulgated thereunder.

 

		19.	Assignability and Sale of Award

 

		19.1.	No Award, purchasable hereunder, whether fully paid or not, shall be assignable, transferable or given
as collateral or any right with respect to them given to any third party whatsoever, and during the lifetime of the Participant each and
all of such Participant's rights to purchase Ordinary Shares hereunder shall be exercisable only by the Participant.

 

     

     - 15 -

    

 

		19.2.	As long as the Award and/or the Ordinary Shares are held by the Trustee in favor of the Participant, then
all rights the latter possesses over the Ordinary Shares shall be personal, and shall not be transferred, assigned, pledged or mortgaged,
other than by will or laws of descent and distribution.

 

		20.	Term of the Plan

 

The Plan shall be effective as of the
date it was approved by the Board and shall terminate on the tenth anniversary from such day of approval.

 

		21.	Amendments or Termination

 

The Board may, at any time and from
time to time, and when applicable subject to the written consent of the Trustee, amend, alter or discontinue the Plan, except that no
amendment or alteration shall be made which would impair the rights of the Participant therefore granted, without his or her consent.
Termination of the Plan shall not affect the Board's or the Committee's ability to exercise the powers granted to it hereunder with respect
to Award granted under the Plan prior to the date of such termination.

 

		22.	Government Regulations

 

The Plan, and the granting and exercise
of Options, a Share Purchase Right or a Restricted Share Unit hereunder, and the obligation of the Company to sell and deliver the Ordinary
Shares under such Award, shall be subject to all applicable laws, rules, and regulations, whether of the State of Israel or of the United
States or any other State having jurisdiction over the Company and the Participant, including the registration of the Ordinary Shares
under the United States Securities Act of 1933, and the Ordinance and to such approvals by any governmental agencies or national securities
exchanges as may be required. Unless specifically set forth in this Plan nothing herein shall be deemed to require the Company to register
the Ordinary Shares under the securities laws of any jurisdiction.

 

		23.	Governing Law; Jurisdiction

 

This Plan shall be governed by and construed
and enforced in accordance with the laws of the State of Israel applicable to contracts made and to be performed therein, without giving
effect to the principles of conflict of laws. The competent courts of Tel-Aviv, Israel shall have sole jurisdiction in any matters
pertaining to this Plan.

 

		24.	Tax Consequences

 

		24.1.	Any tax consequences arising from the grant, exercise or vesting of any Award, as applicable, from the
payment for Ordinary Shares covered thereby or from any other event or act (of the Company and/or its Affiliates, the Trustee or the Participant),
hereunder, shall be borne solely by the Participant. The Company and/or its Affiliates and/or the Trustee shall withhold taxes as required
in accordance with applicable laws, rules, and regulations, including withholding taxes at source. Furthermore, the Participant shall
agree to indemnify the Company and/or its Affiliates/or and the Trustee and hold them harmless against and from any and all liability
for any such tax or interest or penalty thereon, including without limitation, liabilities relating to the necessity to withhold, or to
have withheld, any such tax from any payment made to the Participant.

 

     

     - 16 -

    

 

		24.2.	The Company and the Trustee shall not be required to release any share certificate to a Participant until
all required payments have been fully made.

 

		25.	Non-Exclusivity of the Plan

 

The adoption of the Plan by the Board
shall not be construed as creating any limitations on the power of the Board to adopt such other incentive arrangements as it may deem
desirable, including, without limitation, the granting of Awards otherwise than under the Plan, and such arrangements may be either applicable
generally or only in specific cases. For the avoidance of doubt, prior grant of Awards to Participants of the Company under their employment
agreements, and not in the framework of any previous equity incentive plan, shall not be deemed an approved incentive arrangement for
the purpose of this section.

 

		26.	Multiple Agreements

 

The terms of each Award may differ from
other Award granted under the Plan at the same time, or at any other time. The grant of an Awards hereunder shall neither entitle the
Participant to participate nor disqualify him from participating in, any other grant of Awards pursuant to this Plan or any other equity
incentive plan of the Company or any of its Affiliates, in addition to, or in substitution for, one or more Award previously granted to
that Participant.

 

     

     

    

 

2021
HUB CYBER SECURITY (ISRAEL) LTD. ISRAELI

EMPLOYEE STOCK OPTION.

 

U.S.
Appendix

 

First
Amendment As Of [DATE]

 

		1.	Special Provisions for U.S. Taxpayers

 

1.1.            This
Appendix (the “Appendix”) to the HUB Cyber Security (Israel) Ltf. Israeli Employee Stock Option Plan (the “Plan”)
was approved by the Board and by the Shareholders of HUB Cyber Security (Israel) Ltd., as the successor in interest to A.L.D. Advanced
Logistics Developments Ltd., a company existing under the laws of Israel with Israel ID#511029373 (the “Company”)
on _______.

 

1.2.            This
Appendix applies with respect to Awards granted under the Plan. The purpose of this Appendix is to establish certain rules and limitations
applicable to Awards and Ordinary Shares that may be granted or issued under the Plan from time to time, in compliance with the securities
and other Applicable Laws currently in force in either the United States or in Israel. Except as otherwise provided by this Appendix,
all grants made pursuant to this Appendix shall be governed by the terms of the Plan. This Appendix complies with, and is subject to,
the Code.

 

1.3.            The
Plan and this Appendix shall be read together. In any case of contradiction, whether explicit or implied, between the provisions of this
Appendix and the Plan, the provisions of this Appendix shall govern with respect to grant to U.S. Participants.

 

		2.	Definitions

 

Capitalized terms not otherwise
defined herein shall have the meaning assigned to them in the Plan. The following additional definitions will apply to grants made pursuant
to this Appendix:

 

“Applicable Law”
means any applicable law, rule, regulation, statute, pronouncement, policy, interpretation, judgment, order or decree of any federal,
provincial, state or local governmental, regulatory or adjudicative authority or agency, of any jurisdiction, and the rules and regulations
of any stock exchange, over-the-counter market or trading system on which the Company’s shares are then traded or listed.

 

“Code”
means the Internal Revenue Code of 1986, as amended. Reference to a specific section of the Code or regulation thereunder shall include
such section or regulation, any valid regulation promulgated under such section, and any comparable provision of any future legislation
or regulation amending, supplementing or superseding such section or regulation.

 

     

     - 2 -

    

 

“Disability”
means total and permanent disability of a person within the meaning of Section 22(e)(3) of the Code, provided that in the case
of Awards other than Incentive Stock Options, the Committee in its discretion may determine whether a permanent and total disability exists
in accordance with uniform and non-discriminatory standards adopted by the Administrator from time to time.

 

“Exchange
Act” shall mean the Securities Exchange Act of 1934, as amended.

 

“U.S.
Fair Market Value” means, as of any date, the value of an Ordinary Share, determined as follows:

 

(i)     If
the Ordinary Shares are admitted to trading on any established stock exchange or a national market system, including without limitation
the Tel Aviv Stock Exchange, Nasdaq National Market or the Nasdaq Small Cap Market of the Nasdaq Stock Market, the U.S. Fair Market Value
shall be the closing sale price of an Ordinary Share on the principal exchange on which Ordinary Shares are then trading (or as reported
on any composite index which includes such principal exchange), on the trading day immediately preceding such date, or if Ordinary Shares
were not traded on such date, then on the next preceding date of which a trade occurred, as reported in a source as the Committee deems
reliable;

 

(ii)    If
the Ordinary Shares are not traded on an exchange, but are admitted to quotation on the Nasdaq or other comparable quotation system,
the U.S. Fair Market Value shall be the mean between closing representative bid and asked prices for the Ordinary Shares on the trading
day immediately preceding such date or, if no bid and ask prices were reported on such date, then on the last date preceding such date
on which both bid and ask prices were reported, all as reported by Nasdaq or such other comparable quotation system; or

 

(iii)   If
the Ordinary Shares are not publicly traded on an exchange and not quoted on Nasdaq or a comparable quotation system, the U.S. Fair Market
Value shall be determined in good faith by the Committee in accordance with (among other things) the provisions of Applicable Law.

 

“Incentive Stock
Option” means an Option which is designated in the applicable Option Agreement as an Incentive Stock Option and is intended
to and qualifies as an Incentive Stock Option within the meaning of Section 422 of the Code and the regulations promulgated thereunder.

 

“Insider”
means an officer or a director of the Company or any other person whose transactions in Ordinary Shares are subject to Section 16
of the Exchange Act.

 

“Non-statutory
Stock Option” means, with respect to any Participant under this Appendix, an Option that is not intended to qualify as an
Incentive Stock Option or that does not qualify as an Incentive Stock Option.

 

“Parent”
means any company that is a “parent corporation” of the Company at any time, as defined in Section 424(e) of the
Code.

 

“Participant”
means a recipient of an Award hereunder who executes an Award Agreement.

 

     

     - 3 -

    

 

“Securities Act”
shall mean the Securities Act of 1933, as amended.

 

“Section 409A”
shall mean Section 409A of the Code, as amended, and the regulations and other guidance promulgated thereunder.

 

“Subsidiary”
means any company, which now exists or is hereafter organized or acquired by the Company that is a “subsidiary corporation”
of the Company, as defined in Section 424(f) of the Code.

 

“Ten Percent Shareholder”
shall mean an individual who, at the time an Award is granted, owns stock possessing more than 10% of the total combined voting power
of all classes of stock of the Company, its Parent or its Subsidiaries.

 

“U.S. Employee”
means any Participant who is a U.S. resident or otherwise subject to the provisions of this Appendix, employed by the Company or any Parent
or Subsidiary of the Company as determined under the rules contained in Code Section 3401. Neither service as a director nor
payment of a director’s fee by the Company shall be sufficient by itself to constitute “employment” by the Company.

 

		3.	Eligibility; Reserve of Shares

 

3.1.            Awards
of Options that are intended to qualify as Incentive Stock Options may be granted only to persons who are U.S. Employees and may not be
granted to directors or to consultants or service providers who are not U.S. Employees. In the event of a Participant ceasing to be a
U.S. Employee, an Incentive Stock Option held by the Participant shall cease to be treated as an Incentive Stock Option and shall be treated
for tax purposes as a Nonqualified Stock Option three (3) months and one (1) day following such change of status.

 

3.2.            Subject
to Section 11 of the Plan, the total number of Shares reserved and available for grant and issuance pursuant to this Appendix and
the Plan as Incentive Stock Options will not exceed 8,000,000 Shares.

 

		4.	Grant of Options

 

4.1.            Term
of Options. The term of each Option shall be stated in the Option Agreement; provided, however, that the term shall be no more
than ten (10) years from the date of grant thereof. In the case of an Incentive Stock Option granted to a Ten Percent Holder, such
Incentive Stock Option may not be exercised after the expiration of five (5) years from the date of grant or such shorter term
as may be provided in the Option Agreement.

 

4.2.            Exercise
Price. The per share exercise price for the Shares to be issued upon exercise of an Option (“Exercise Price”)
shall be such price as is determined by the Committee, but shall be subject to the following terms and conditions:

 

(a)            The
Exercise Price of an Incentive Stock Option shall be not less than one hundred percent (100%) of the U.S. Fair Market Value of an Ordinary
Share at the time of grant of such Option; provided, however, that if at the time of grant of such Option, the Participant (together
with persons whose share ownership is attributed to the Participant pursuant to Section 424(d) of the Code) is a Ten Percent
Holder, the Exercise Price shall be not less than one hundred and ten percent (110%) of the U.S. Fair Market Value of an Ordinary Share
at the time of grant of such Option.

 

     

     - 4 -

    

 

(b)            In
the case of a Non-statutory Stock Option, the per Ordinary Share Exercise Price shall be no less than one hundred percent (100%) of the
U.S. Fair Market Value per Ordinary Share on the date of grant, or if granted to a person who at the time of grant is a Ten Percent Holder,
the per Ordinary Share Exercise Price shall be no less than 110% of the U.S. Fair Market Value per Share on the date of grant if required
by the Applicable Laws.

 

(c)            Notwithstanding
the foregoing, Options may be granted with a per Ordinary Share Exercise Price other than as required above in accordance with and pursuant
to a transaction described in Section 424 of the Code.

 

4.3.            Forms
of Consideration. The consideration to be paid for the Ordinary Shares to be issued upon exercise of an Option, including the method
of payment, shall be determined by the Committee and reflected in the applicable Option Agreement.

 

4.4.            Legal
Compliance. Options and Ordinary Shares shall not be issued pursuant to the making or exercise of an Option unless the exercise of
Options and rights and the issuance and delivery of Ordinary Shares shall comply with Applicable Law and shall be further subject to the
approval of counsel for the Company with respect to such compliance. Any Option exercise made in violation hereof shall be null and void.

 

4.5.            Exercisability.
Any Option granted hereunder shall be exercisable at such times and under such conditions as determined by the Committee, consistent
with the terms of the Plan and the Option Agreement, including vesting requirements and/or performance criteria with respect to the Company
and/or the Participant.

 

4.6.            Incentive
Stock Option Limit. Each Option shall be designated in the Option Agreement as either an Incentive Stock Option or a Non-statutory
Stock Option. However, notwithstanding such designation, to the extent that the aggregate U.S. Fair Market Value of the Ordinary Shares
with respect to which Incentive Stock Options are exercisable for the first time by the Participant during any calendar year (under all
plans of the Company and any Parent or subsidiary) exceeds one hundred thousand dollars ($100,000), such Options shall be treated as Non-statutory
Stock Options. For purposes of this Section, Incentive Stock Options shall be taken into account in the order in which they were
granted. The U.S. Fair Market Value of the Ordinary Shares shall be determined as of the time the Option with respect to such Ordinary
Shares is granted.

 

4.7.            Leaves
of Absence. For purposes of Incentive Stock Options, no leave of absence may exceed ninety (90)
days, unless reemployment upon expiration of such leave is guaranteed by statute or contract. If reemployment upon expiration of a leave
of absence approved by the Company is not so guaranteed, then three (3) months following the ninety-first (91st) day of
such leave, any Incentive Stock Option held by the Participant shall cease to be treated as an Incentive Stock Option and shall be treated
for tax purposes as a Non-statutory Stock Option.

 

4.8.            Termination.
Any Incentive Stock Option that is not exercised within ninety (90) days following termination of the Participant’s employment by
the Company or any of its Parents or Subsidiaries, or within twelve (12) months in case of termination of Participant’s employment
by the Company or any of its Parents or Subsidiaries due to a disability (within the meaning of section 22(e)(3) of the Code), shall
be treated for tax purposes as a Non-statutory Stock Option.

 

     

     - 5 -

    

 

4.9.            Transferability
of Incentive Stock Options. Without limiting the provisions of Section 18 of the Plan, in no event may an Incentive Stock Options
be sold, pledged, assigned, hypothecated or transferred other than by will or by the laws of descent and distribution, and may be exercised
during the lifetime of the Participant, only by the Participant.

 

		5.	Compliance with Section 409A

 

Notwithstanding any provision
to the contrary contained in the Plan, the following provisions shall apply to any Award that permits the deferral of compensation other
than the deferral of recognition of income until the exercise of an Option:

 

5.1.            Election.
Except as otherwise permitted or required by Section 409A or any applicable U.S. Treasury Regulations promulgated pursuant to Section 409A
or other applicable guidance, the following rules shall apply to any deferral and/or distribution elections (each, an “Election”)
that may be permitted or required by the Committee pursuant to an Award subject to Section 409A:

 

(a)            All
Elections must be in writing and specify the amount of the distribution in settlement of an Award being deferred, as well as the time
and form of distribution as permitted by this Plan.

 

(b)            All
Elections shall be made by the end of the Participant's taxable year prior to the year in which services commence for which an Award may
be granted to such Participant; provided, however, that if the Award qualifies as "performance-based compensation" for purposes
of Section 409A and is based on services performed over a period of at least twelve (12) months, then the Election may be made
no later than six (6) months prior to the end of such period.

 

(c)            Elections
shall continue in effect until a written election to revoke or change such Election is received by the Company, except that a written
election to revoke or change such Election must be made prior to the last day for making an Election determined in accordance with paragraph (b) above
or as permitted by Section ‎5.2.

 

5.2.            Subsequent
Elections. Any Award subject to Section 409A which permits a subsequent Election to delay the distribution or change the form
of distribution in settlement of such Award shall comply with the following requirements:

 

(a)            No
subsequent Election may take effect until at least twelve (12) months after the date on which the subsequent Election is made;

 

(b)            Each
subsequent Election related to a distribution in settlement of an Award not described in Section 5.1(b), 5.1(c), or 5.3(f) must
result in a delay of the distribution for a period of not less than five (5) years from the date such distribution would otherwise
have been made; and

 

     

     - 6 -

    

 

(c)            No
subsequent Election related to a distribution pursuant to Section 5.3(d) shall be made less than twelve (12) months prior
to the date of the first scheduled payment under such distribution.

 

5.3.            Distributions
Pursuant to Deferral Elections. No distribution in settlement of an Award subject to Section 409A may commence earlier than:

 

(a)            Separation
from service (as determined by the Secretary of the United States Treasury);

 

(b)            The
date the Participant becomes Disabled (as defined below);

 

(c)            Death;

 

(d)            A
specified time (or pursuant to a fixed schedule) that is either (i) specified by the Committee upon the grant of an Award and set
forth in the Award Agreement evidencing such Award or (ii) specified by the Participant in an Election complying with the requirements
of Section ‎6.1 and/or ‎6.2, as applicable;

 

(e)            To
the extent provided by the Secretary of the U.S. Treasury, a change in the ownership or effective control or the Company or in the ownership
of a substantial portion of the assets of the Company; or

 

(f)            The
occurrence of an Unforeseeable Emergency (as defined below).

 

5.4.            Specific
Employee. Notwithstanding anything else herein to the contrary, to the extent that a Participant is a "Specified Employee"
(as defined in Section 409A(a)(2)(B)(i) of the Code) of the Company, no distribution pursuant to Section 5.3(a) in
settlement of an Award subject to Section 409A may be made before the date which is six (6) months after such Participant's
date of separation from service, or, if earlier, the date of the Participant's death.

 

5.5.            Unforeseeable
Emergency. The Committee shall have the authority to provide in any Award subject to Section 409A for distribution in settlement
of all or a portion of such Award in the event that a Participant establishes, to the satisfaction of the Committee, the occurrence of
an Unforeseeable Emergency. In such event, the amount(s) distributed with respect to such Unforeseeable Emergency cannot exceed the
amounts necessary to satisfy such Unforeseeable Emergency plus amounts necessary to pay taxes reasonably anticipated as a result of such
distribution(s), after taking into account the extent to which such hardship is or may be relieved through reimbursement or compensation
by insurance or otherwise or by liquidation of the Participant's assets (to the extent the liquidation of such assets would not itself
cause severe financial hardship). All distributions with respect to an Unforeseeable Emergency shall be made in a lump sum as soon as
practicable following the Administrator's determination that an Unforeseeable Emergency has occurred. The occurrence of an Unforeseeable
Emergency shall be judged and determined by the Administrator. The Administrator's decision with respect to whether an Unforeseeable Emergency
has occurred and the manner in which, if at all, the distribution in settlement of an Award shall be altered or modified, shall be final,
conclusive, and not subject to approval or appeal.

 

     

     - 7 -

    

 

5.6.            Disabled.
The Administrator shall have the authority to provide in any Award subject to Section 409A for distribution in settlement of such
Award in the event that the Participant becomes Disabled. A Participant shall be considered "Disabled" if either:

 

(a)            the
Participant is unable to engage in any substantial gainful activity by reason of any medically determinable physical or mental impairment
which can be expected to result in death or can be expected to last for a continuous period of not less than twelve (12) months,
or

 

(b)            the
Participant is, by reason of any medically determinable physical or mental impairment which can be expected to result in death or can
be expected to last for a continuous period of not less than twelve (12) months, receiving income replacement benefits for a period
of not less than three (3) months under an accident and health plan covering employees of the Participant's employer.

 

(c)            All
distributions payable by reason of a Participant becoming Disabled shall be paid in a lump sum or in periodic installments as established
by the Participant’s Election, commencing as soon as practicable following the date the Participant becomes Disabled. If the Participant
has made no Election with respect to distributions upon becoming Disabled, all such distributions shall be paid in a lump sum as soon
as practicable following the date the Participant becomes Disabled.

 

5.7.            Death.
If a Participant dies before complete distribution of amounts payable upon settlement of an Award subject to Section 409A, such undistributed
amounts shall be distributed to his or her beneficiary under the distribution method for death established by the Participant Election
as soon as administratively possible following receipt by the Administrator of satisfactory notice and confirmation of the Participant's
death. If the Participant has made no Election with respect to distributions upon death, all such distributions shall be paid in a lump
sum as soon as practicable following the date of the Participant's death.

 

5.8.            No
Acceleration of Distributions. Notwithstanding anything to the contrary herein, this Appendix does not permit the acceleration of
the time or schedule of any distribution under this Appendix pursuant to any Award subject to Section 409A, except as provided by
Section 409A and/or the Secretary of the U.S. Treasury.

 

		6.	Proxy Requirement

 

The Company, at its sole discretion, may require
that as a condition of grant of an Award or its exercise into Ordinary Shares, that the Participant will be required to grant an irrevocable
proxy and power of attorney (“Proxy”) to any appropriate person designated by the Company, to vote all Ordinary Shares obtained
by the Participant pursuant to an Award at all general meetings of Company, and to sign all written resolutions, waivers, consents etc.
of the shareholders of the Company on behalf of the Participant, including the right to waive on behalf of the Participant all minimum
notice requirements for meetings of shareholders of the Company, and to otherwise exercise every right, power and authority with respect
to the Ordinary Shares as shall be detailed in the Proxy. Such Proxy shall remain in effect until the consummation of an IPO and shall
be irrevocable as the rights of third parties, including investors in the Company, depend upon such Proxy.

 

     

     - 8 -

    

 

		7.	Withholding of Taxes

 

7.1.            Any
tax consequences arising from the grant or settlement of any Award, the exercise of any Award, the issuance, sale or transfer and payment
for the Ordinary Shares covered thereby, or from any other event or act (of the Company and/or its Affiliates and/or the Trustee and/or
the Participant) relating to an Award or Ordinary Shares issued thereupon shall be borne solely by the Participant. The Company and/or
its Affiliates, and/or anyone on their behalf shall withhold taxes according to the requirements under the applicable laws, rules, and
regulations, including withholding taxes at source. Furthermore, the Participant shall agree to indemnify the Company and/or its Affiliates
and hold them harmless against and from any and all liability for any such tax or interest or penalty thereon, including without limitation,
liabilities relating to the necessity to withhold, or to have withheld, any such tax from any payment made to the Participant. The Company
or any of its Affiliates may make such provisions and take such steps as it/they may deem necessary or appropriate for the withholding
of all taxes required by law to be withheld with respect to an Award granted under the Plan and the exercise, sale, transfer or other
disposition thereof, including, but not limited, to (a) deducting the amount so required to be withheld from any other
amount then or thereafter payable to a Participant, including by deducting any such amount from a Participant’s salary or other
amounts payable to the Participant, to the maximum extent permitted under law; (b) requiring a Participant to pay to
the Company or any of its Affiliates the amount so required to be withheld as a condition of the issuance, delivery, distribution or release
of any Ordinary Shares; (c) withholding otherwise deliverable Ordinary Shares having a Fair Market Value equal to the
minimum amount statutorily required to be withheld; and/or (d) selling a sufficient number of such Ordinary Shares
otherwise deliverable to a Participant through such means as the Company may determine in its sole discretion (whether through a broker
or otherwise) equal to the amount required to be withheld either through a voluntary sale or through a mandatory sale arranged by the
Company (on the Participant behalf pursuant to the Participant’s authorization as expressed by acceptance of the Award under the
terms herein), to the extent permitted by Applicable Law. In addition, the Participant will be required to pay any amount (including penalties)
that exceeds the tax to be withheld and transferred to the tax authorities, pursuant to applicable tax laws, regulations and rules.

 

7.2.            For
withholding tax purposes, the Ordinary Shares issued under an Award shall be valued on the date the withholding obligation is incurred.
In the event a Participant makes a timely Code Section 83(b) election in connection with this Plan, the Participant shall immediately
notify the Company of such election. In the case of an Incentive Stock Option, a Participant who disposes of Ordinary Shares acquired
pursuant to such Incentive Stock Option either (a) within two (2) years after the granting date of the Incentive Stock Option
or (b) within one (1) year after the issuance of such Ordinary Shares to the Participant, shall notify the Company of such disposition
and the amount realized upon such disposition.

 

		8.	Securities Laws Compliance

 

8.1.            Securities
Act. All Awards hereunder shall be subject to compliance with the Securities Act as applicable. The Company does not obligate itself
to register the Ordinary Shares under the Securities Act. The Board in its discretion may cause the Options and/or Awards and Ordinary
Shares underlying the Options and/or Awards to be registered under the Securities Act by the filing of a Form S-8 Registration Statement
covering the Awards and Ordinary Shares underlying such Awards. The Participant shall take any action reasonably requested by the Company
in connection with registration or qualification of the Ordinary Shares under Federal and state securities laws.

 

     

     - 9 -

    

 

8.2.            Exchange
Act. With respect to participation by Insiders in the Plan, at any time that any class of equity security of the Company is registered
pursuant to Section 12 of the Exchange Act, the Plan shall be administered in compliance with the requirements, if any, of Rule 16(b)-3
of the Exchange Act, as the same may be amended from time to time, such that any transaction pursuant to this Plan shall be exempt from
Section 16(b) of the Exchange Act.

 

		9.	Shareholders’ Approval

 

This Appendix, together with
the Plan, shall be subject to approval by the shareholders of the Company within twelve (12) months after the date this Appendix is adopted
(unless the Plan has already been duly approved by the shareholders of the Company). Such shareholders’ approval shall be obtained
in the degree and manner required under Applicable Laws. In the event the Company fails to obtain shareholder approval of this Appendix
within twelve (12) months from its adoption date, all Options granted under this Appendix designated as Incentive Stock Options shall
become Nonqualified Stock Options.

 

		10.	Miscellaneous.

 

10.1.            Amendment.
This Appendix shall be deemed to be part of the Plan and the Administrator shall have the authority to amend this Appendix in accordance
with Section 20 of the Plan.

 

10.2.            Compliance;
Adjustments. To the extent that this Appendix is required to contain any specified provisions under any Applicable Law, such provisions
shall be deemed to be stated in this Appendix and to be an integral part hereof. To the extent permissible, this Appendix shall be effective
with respect to Awards granted to U.S. Participants prior to or after its adoption by the Company.

 

10.3.            Governing
Law. This Appendix and all instruments issued hereunder shall be governed by and construed and enforced in accordance with the laws
of the State of Israel provided that to the extent necessary to give meaning to the statutes, regulations or rules relevant hereto
U.S. state corporate laws, U.S. federal and applicable state securities laws, other U.S. federal and state laws, the Code, any Stock Exchange
rules or regulations shall also apply, without giving effect to the principles of conflict of laws.

 

*     *     *Exhibit 10.11

 

INDEMNIFICATION AGREEMENT

 

THIS INDEMNIFICATION AGREEMENT (the “Agreement”),
dated as of __________, 202_, is entered into by and between HUB Cyber Security (Israel) Ltd., an Israeli company whose address is 17
Rothschild Blvd., Tel Aviv, Israel (the “Company”), and the undersigned Director or Officer of the Company whose
name appears on the signature page hereto officer (the “Indemnitee”).

 

	WHEREAS, 	Indemnitee is an Office Holder (“Nosse Misra”), as such term is defined in the Companies Law, 5759–1999, as amended (the “Office Holder” and the “Companies Law” respectively), of the Company; 

 

	WHEREAS, 	both the Company and Indemnitee recognize the increased risk of litigation and other claims being asserted against Office Holders of companies and that highly competent persons have become more reluctant to serve corporations as directors and officers or in other capacities unless they are provided with adequate protection through insurance or adequate indemnification against inordinate risks of claims and actions against them arising out of their service to, and activities on behalf of, companies; 

 

	WHEREAS, 	the Amended and Restated Articles of Association of the Company (the “Articles of Association”) authorize the Company to indemnify and advance expenses to its Office Holders and provide for insurance and exculpation to its Office Holders, in each case, to the fullest extent permitted by applicable law; 

 

	WHEREAS, 	the Company has determined that (i) the increased difficulty in attracting and retaining competent persons is detrimental to the best interests of the Company’s shareholders and that the Company should act to assure such persons that there will be increased certainty of such protection in the future, and (ii) it is reasonable, prudent and necessary for the Company contractually to obligate itself to indemnify, and to advance expenses on behalf of, such persons to the fullest extent permitted by applicable law, so that they will serve or continue to serve the Company free from undue concern that they will not be so indemnified; and 

 

	WHEREAS, 	in recognition of Indemnitee’s need for substantial protection against personal liability in order to assure Indemnitee’s continued service to the Company in an effective manner and, in part, in order to provide Indemnitee with specific contractual assurance that the indemnification, insurance and exculpation afforded by the Articles of Association will be available to Indemnitee, the Company wishes to undertake in this Agreement for the indemnification of, and the advancing of expenses to, Indemnitee to the fullest extent permitted by applicable law and as set forth in this Agreement and provide for insurance and exculpation of Indemnitee as set forth in this Agreement.

 

	NOW,	THEREFORE, the parties hereto agree as follows: 

 

	1.	INDEMNIFICATION AND INSURANCE.

 

	 	1.1.	The Company hereby undertakes to indemnify Indemnitee to the fullest extent permitted by applicable law for any liability and expense specified in Sections 1.1.1 through 1.1.4 below, imposed on Indemnitee due to or in connection with an act performed by such Indemnitee, either prior to or after the date hereof, in Indemnitee’s capacity as an Office Holder, including, without limitation, as a director, officer, employee, agent or fiduciary of the Company, any subsidiary thereof or any other corporation, collaboration, partnership, joint venture, trust or other enterprise, in which Indemnitee serves at any time at the request of the Company (the “Corporate Capacity”). The term “act performed in Indemnitee’s capacity as an Office Holder” shall include, without limitation, any act, omission or failure to act and any other circumstances relating to or arising from Indemnitee’s service in a Corporate Capacity. Notwithstanding the foregoing, in the event that the Office Holder is the beneficiary of an indemnification undertaking provided by a subsidiary of the Company or any other entity with respect to his or her Corporate Capacity with such subsidiary or entity, then the indemnification obligations of the Company hereunder with respect to such Corporate Capacity shall only apply to the extent that the indemnification by such subsidiary or other entity does not actually fully cover the indemnifiable liabilities and expenses relating thereto. The following shall be hereinafter referred to as “Indemnifiable Events”: 

 

	 	1.1.1.	Financial liability imposed on Indemnitee in favor of any person pursuant to a judgment, including a judgment rendered in the context of a settlement or an arbitrator’s award approved by a court. For purposes of Section 1 of this Agreement, the term “person” shall include, without limitation, a natural person, firm, partnership, joint venture, trust, company, corporation, limited liability entity, unincorporated organization, estate, government, municipality, or any political, governmental, regulatory or similar agency or body; 

 

     

     

    

 

	 	1.1.2.	Reasonable Expenses (as defined below) expended by Indemnitee as a result of an investigation or any proceeding instituted against the Indemnitee by an authority that is authorized to conduct such investigation or proceeding, and that was concluded without filing an indictment against the Indemnitee and without imposing on the Indemnitee a financial liability in lieu of a criminal proceeding, or that was concluded without filing an indictment against the Indemnitee but imposing a financial liability in lieu of a criminal proceeding in an offence that does not require proof of mens rea, or in connection with a financial sanction. In this section “conclusion of a proceeding without filing an indictment in a matter in which a criminal investigation has been instigated” and “financial liability in lieu of a criminal proceeding” shall have the meaning assigned to such terms under the Companies Law, and the term “financial sanction” shall mean such term as referred to in Section 260(a)(1a) of the Companies Law; 

 

	 	1.1.3.	Reasonable Expenses expended by or imposed on Indemnitee by a court, in a proceeding instituted against Indemnitee by the Company or on its behalf or by another person, or in a criminal charge from which Indemnitee was acquitted or in which Indemnitee convicted of an offence that does not require proof of mens rea; and 

 

	 	1.1.4.	Any other event, occurrence, matter or circumstances under any law with respect to which the Company may, or will be able to, indemnify an Office Holder (including, without limitation, in accordance with Section 56h(b)(1) of the Israeli Securities Law 5728-1968 (the “Israeli Securities Law”), if applicable, and Section 50P(b)(2) of the Israeli Economic Competition Law, 5758-1988 (the “Economic Competition Law”)). 

 

For the purpose of this Agreement, “Expenses” shall
include, without limitation, reasonable legal fees and all other costs, expenses and obligations paid or incurred by Indemnitee in connection
with investigating, defending, being a witness in or participating in (including on appeal), or preparing to defend, be a witness in or
participate in any claim, action, suit, proceeding, alternative dispute resolution mechanism, hearing, inquiry or investigation relating
to any matter for which indemnification hereunder may be provided. Expenses shall be considered paid or incurred by Indemnitee at such
time as Indemnitee is required to pay or incur such cost or expenses, including upon receipt of an invoice or payment demand. The Company
shall pay the Expenses in accordance with the provisions of Section 1.3.

 

     

     

    

 

	 	1.2.	Notwithstanding anything herein to the contrary, the Company’s undertaking to indemnify the Indemnitee under Section 1.1.1 shall only be with respect to events described in Exhibit A hereto. The Board of Directors of the Company (the “Board”) has determined that the categories of events listed in Exhibit A are foreseeable in light of the operations of the Company. The maximum amount of indemnification payable by the Company under Section 1.1.1 with respect to the specific events described in Exhibit A during any period of five years, shall be as set forth in Exhibit A hereto (the “Limit Amount”). If the Company undertook to indemnify multiple persons under agreements concurrently in effect similar to this Agreement (the “Indemnifiable Persons”) the Limit Amount for the five year period commencing on the closing of the first issuance and sale of the Company’s ordinary shares to the public, pursuant to an effective registration statement under the United States Securities Act 1933, as amended, or the securities law of any other jurisdiction, and for every subsequent five year period, shall apply to all Indemnifiable Persons, in the aggregate, and if the Limit Amount is insufficient to cover all the indemnity amounts payable with respect to all Indemnifiable Persons during the relevant five year period, then such amount shall be allocated to such Indemnifiable Persons pro rata according to the percentage of their culpability, as finally determined by a court in the relevant claim, or, absent such determination or in the event such persons are parties to different claims, based on an equal pro rata allocation among such Indemnifiable Persons. The Limit Amount payable by the Company as described in Exhibit A is deemed by the Company to be reasonable in light of the circumstances. The indemnification provided under Section 1.1.1 herein shall not be subject to the limitations imposed by this Section 1.2 and Exhibit A if, and to the extent that, such limits do not or are no longer required by the Companies Law.  

 

	 	1.3.	If so requested by Indemnitee in writing, and subject to the Company’s repayment and reimbursements rights set forth in Sections 3 and 5 below, the Company shall pay amounts to cover Indemnitee’s Expenses with respect to which Indemnitee is entitled to be indemnified under Section 1.1 above, as and when incurred. The payments of such amounts shall be made by the Company directly to the Indemnitee’s legal and other advisors, as soon as practicable, but in any event no later than fifteen (15) days after written demand by such Indemnitee therefor to the Company, and any such payment shall be deemed to constitute indemnification hereunder. As part of the aforementioned undertaking, the Company will make available to Indemnitee any security or guarantee that Indemnitee may be required to post in accordance with an interim decision given by a court, governmental or administrative body, or an arbitrator, including for the purpose of substituting liens imposed on Indemnitee’s assets. 

 

	 	1.4.	The Company’s obligation to indemnify Indemnitee and advance Expenses in accordance with this Agreement shall be for such period (the “Indemnification Period”) as Indemnitee shall be subject to any actual, possible or threatened claim, action, suit, demand or proceeding or any inquiry or investigation, whether civil, criminal or investigative, arising out of the Indemnitee’s service in the Corporate Capacity as described in Section 1.1 above, whether or not Indemnitee is still serving in such position. 

 

	 	1.5.	The Company undertakes that, subject to the mandatory limitations under applicable law, as long as it may be obligated to provide indemnification and advance Expenses under this Agreement, the Company will purchase and maintain in effect directors and officers liability insurance, which will include coverage for the benefit of the Indemnitee, providing coverage in amounts as reasonably determined by the Board; provided that, the Company shall have no obligation to obtain or maintain directors and officers insurance policy if the Company determines in good faith that such insurance is not reasonably available, the premium costs for such insurance are disproportionate to the amount of coverage provided, or the coverage provided by such insurance is so limited by exclusions that it provides an insufficient benefit. The Company hereby undertakes to notify the Indemnitee 30 days prior to the expiration or termination of the directors and officers liability insurance, to the extent it is reasonably practicable to do so.

 

     

     

    

 

	 	1.6.	The Company undertakes to give prompt written notice of the commencement of any claim hereunder to the insurers in accordance with the procedures set forth in each of the policies. The Company shall thereafter diligently take all actions reasonably necessary under the circumstances to cause such insurers to pay, on behalf of Indemnitee, all amounts payable as a result of such action, suit, proceeding, inquiry or investigation in accordance with the terms of such policies. The above shall not derogate from Company’s authority to freely negotiate or reach any compromise with the insurer which is reasonable at the Company’s sole discretion provided that the Company shall act in good faith and in a diligent manner.

 

	2.	SPECIFIC LIMITATIONS ON INDEMNIFICATION. 

 

Notwithstanding anything to the contrary in this Agreement, the Company
shall not indemnify or advance Expenses to Indemnitee with respect to (i) any act, event or circumstance with respect to which it
is prohibited to do so under applicable law, or (ii) a counter claim made by the Company or in its name in connection with a claim
against the Company filed by the Indemnitee.

 

	3.	REPAYMENT OF EXPENSES. 

 

	 	3.1.	In the event that the Company provides or is required to provide indemnification with respect to Expenses hereunder and at any time thereafter the Company determines, based on advice from its legal counsel, that the Indemnitee was not entitled to such payments, the amounts so indemnified by the Company will be promptly repaid by Indemnitee, unless the Indemnitee disputes the Company’s determination, in which case the Indemnitee’s obligation to repay to the Company shall be postponed until such dispute is resolved. 

 

	 	3.2.	Indemnitee’s obligation to repay to the Company for any Expenses or other sums paid hereunder shall be deemed as a loan given to Indemnitee by the Company subject to the minimum interest rate prescribed by Section 3(9) of the Income Tax Ordinance [New Version], 1961, or any other legislation replacing it, which is not considered a taxable benefit.

 

	4.	SUBROGATION. 

 

In the event of payment under this Agreement, the Company shall be
subrogated to the extent of such payment to all of the rights of recovery of Indemnitee, who shall execute all documents required and
shall do everything that may be necessary to secure such rights, including the execution of such documents necessary to enable the Company
effectively to bring suit to enforce such rights.

 

	5.	REIMBURSEMENT. 

 

The Company shall not be liable under this Agreement to make any payment
in connection with any Indemnifiable Event to the extent Indemnitee has otherwise actually received payment under any insurance policy
or otherwise (without any obligation of Indemnitee to repay any such amount) of the amounts otherwise indemnifiable hereunder. Any amounts
paid to Indemnitee under such insurance policy or otherwise after the Company has indemnified Indemnitee for such liability or Expense
shall be repaid to the Company promptly upon receipt by Indemnitee, in accordance with the terms set forth in Section 3.2.

 

The Company hereby acknowledges that the Indemnitee has now, or
may have in the future, certain rights to indemnification, advancement of expenses and/or insurance provided by third parties (the
 “Secondary Indemnitor”), and the Company hereby agrees (i) that the Company is the indemnitor of first
resort (i.e., its obligations to the Indemnitee are primary and any obligation of any Secondary Indemnitor to advance expenses or to
provide indemnification for the same expenses or liabilities incurred by the Indemnitee are secondary), (ii) it shall be
required to advance the full amount of expenses incurred by the Indemnitee and shall be liable for the full amount of all expenses,
judgments, penalties, fines and amounts paid in settlement to the fullest extent legally permitted and as required by the terms of
this Agreement and/or the Articles of Association (or any other agreement between the Company and the Indemnitee), without regard to
any rights the Indemnitee may have against the Secondary Indemnitors, and (iii) that it irrevocably waives, relinquishes and
releases any Secondary Indemnitor from any and all claims against any Secondary Indemnitor for contribution, subrogation or any
other recovery of any kind of respect of the subject matters of this Agreement. Without altering or expanding any of the
Company’s indemnification obligations hereunder, the Company further agrees that no advancement or payment by any Secondary
Indemnitor on the Indemnitee’s behalf with respect to any claim for which Indemnitee has sought indemnification from the
Company shall affect the foregoing and any Secondary Indemnitor shall have a right of contribution and/or be subrogated to the
extent of such advancement or payment to all of the rights of recovery of the Indemnitee against the Company. The Company and the
Indemnitee agree that the Secondary Indemnitors are express third party beneficiaries of the terms of this Section 5.

 

     

     

    

 

	6.	EFFECTIVENESS. 

 

The Company represents and warrants that this Agreement is valid, binding
and enforceable in accordance with its terms and was duly adopted and approved by the Company, and shall be in full force and effect immediately
upon its execution.

 

	7.	NOTIFICATION AND DEFENSE OF CLAIM. 

 

Indemnitee shall notify the Company in writing of the commencement
of any action, suit or proceeding, and of the receipt of any notice or threat that any such legal proceeding has been or shall or may
be initiated against Indemnitee (including any proceedings by or against the Company and any subsidiary thereof), promptly upon Indemnitee
first becoming so aware; but the omission so to notify the Company will not relieve the Company from any liability which it may have to
Indemnitee under this Agreement unless and to the extent that such failure to provide notice prejudices the Company’s ability to
defend such action. Notice to the Company shall be directed to the Chief Executive Officer or Chief Financial Officer of the Company at
the address shown in the preamble to this Agreement (or such other address as the Company shall designate in writing to Indemnitee). With
respect to any such action, suit or proceeding as to which Indemnitee notifies the Company of the commencement thereof and without derogating
from Sections 1.1 and 2:

 

	 	7.1.	The Company will be entitled to participate therein at its own expense. 

 

	 	7.2.	Except as otherwise provided below, the Company, alone or jointly with any other indemnifying party similarly notified, will be entitled to assume the defense thereof, with counsel selected by the Company. Indemnitee shall have the right to employ his or her own counsel in such action, suit or proceeding, but the fees and expenses of such counsel incurred after notice from the Company of its assumption of the defense thereof shall be at the expense of Indemnitee, unless: (i) the employment of counsel by Indemnitee has been authorized in writing by the Company; (ii) the Company, in good faith, reasonably concluded that there may be a conflict of interest between the Company and Indemnitee in the conduct of the defense of such action; or (iii) the Company has not in fact employed counsel to assume the defense of such action within reasonable time, in which cases the reasonable fees and expenses of Indemnitee’s counsel shall be at the expense of the Company. The Company shall not be entitled to assume the defense of any action, suit or proceeding brought by or on behalf of the Company or as to which Indemnitee and the Company shall have reached the conclusion specified in (ii) above. 

 

	 	7.3.	The Company shall not be liable to indemnify Indemnitee under this Agreement for any amounts or expenses paid in connection with a settlement of any action, claim or otherwise, effected without the Company’s prior written consent. 

 

     

     

    

 

	 	7.4.	The Company shall have the right to conduct the defense as it sees fit in its sole discretion (provided that the Company shall conduct the defense in good faith and in a diligent manner), including the right to settle or compromise any claim or to consent to the entry of any judgment against Indemnitee without the consent of the Indemnitee, provided that, the amount of such settlement, compromise or judgment does not exceed the Limit Amount (if applicable) and is fully indemnifiable pursuant to this Agreement (subject to Section 1.2 of this Agreement) and/or applicable law, and any such settlement, compromise or judgment does not impose any penalty or limitation on Indemnitee without the Indemnitee’s prior written consent. The Indemnitee’s consent shall not be required if the settlement includes a complete release of Indemnitee, does not contain any admission of wrong-doing by Indemnitee, and includes monetary sanctions only as provided above. In the case of criminal proceedings, the Company and/or its legal counsel will not have the right to plead guilty or agree to a plea-bargain in the Indemnitee’s name without the Indemnitee’s prior written consent. Neither the Company nor Indemnitee will unreasonably withhold or delay their consent to any proposed settlement.

 

	 	7.5.	Indemnitee shall fully cooperate with the Company and shall give the Company all information and access to documents, files and to his or her advisors and representatives as shall be within Indemnitee’s power, in every reasonable way as may be useful to the Company with respect to any claim which is the subject matter of this Agreement and in the defense of other claims asserted against the Company (other than claims asserted by Indemnitee), provided that the Company shall cover all expenses, costs and fees incidental thereto such that the Indemnitee will not be required to pay or bear such expenses, costs and fees. 

 

	8.	EXCULPATION. 

 

Subject to the provisions of the Companies Law, the Company hereby
releases, in advance, the Indemnitee from liability to the Company for any damage that arises from the breach of the Office Holder’s
duty of care (within the meaning of such terms under Sections 252 and 253 of the Companies Law), other than breach of the duty of care
towards the Company in a distribution (as such term is defined in the Companies Law).

 

	9.	NON-EXCLUSIVITY. 

 

The rights of the Indemnitee hereunder shall not be deemed exclusive
of any other rights Indemnitee may have under the Articles of Association, applicable law or otherwise, and to the extent
that during the Indemnification Period the indemnification rights of the then serving directors and officers are more favorable to such
directors or officers than the indemnification rights provided under this Agreement to Indemnitee, Indemnitee shall be entitled to
the full benefits of such more favorable indemnification rights to the extent permitted by law.

 

	10.	PARTIAL INDEMNIFICATION. 

 

If Indemnitee is entitled under any provision of this Agreement to
indemnification by the Company for some or a portion of the expenses, judgments, fines or penalties actually or reasonably incurred by
Indemnitee in connection with any proceedings, but not, however, for the total amount thereof, the Company shall nevertheless indemnify
Indemnitee for the portion of such expenses, judgments, fines or penalties to which Indemnitee is entitled under any provision of this
Agreement. Subject to the provisions of Section 5 above, any amount received by Indemnitee (under any insurance policy or otherwise)
shall not reduce the Limit Amount hereunder and shall not derogate from the Company’s obligation to indemnify the Indemnitee in
accordance with the provisions of this Agreement up to the Limit Amount, as set forth in Section 1.2.

 

     

     

    

 

	11.	BINDING EFFECT. 

 

This Agreement shall be binding upon and inure to the benefit of and
be enforceable by the parties hereto and their respective successors and permitted assigns. In the event of a merger or consolidation
of the Company or a transfer or disposition of all or substantially all of the business or assets of the Company, the Indemnitee shall
be entitled to the same indemnification and insurance provisions as the most favorable indemnification and insurance provisions afforded
to the then-serving Office Holders of the Company. In the event that in connection with such transaction the Company purchases a directors
and officers’ “tail” or “run-off” policy for the benefit of its then serving Office Holders, then such policy
shall cover Indemnitee and such coverage shall be deemed to be in satisfaction of the insurance requirements under this Agreement. This
Agreement shall continue in effect during the Indemnification Period regardless of whether Indemnitee continues to serve in a Corporate
Capacity.

 

Any amendment to the Companies Law, the Israeli Securities Law, the
Economic Competition Law or other applicable law adversely affecting the right of the Indemnitee to be indemnified, insured or released
pursuant hereto shall be prospective in effect, and shall not affect the Company’s obligation or ability to indemnify or insure
the Indemnitee for any act or omission occurring prior to such amendment, unless otherwise provided by applicable law.

 

	12.	SEVERABILITY. 

 

The provisions of this Agreement shall be deemed severable and the
invalidity or unenforceability of any provision shall not affect the validity or enforceability of the other provisions hereof. If any
provision of this Agreement, or the application thereof or any circumstance, is invalid or unenforceable, (a) a suitable and equitable
provision shall be substituted therefor in order to carry out, so far as may be valid and enforceable, the intent and purpose of such
invalid or unenforceable provision and (b) the remainder of this Agreement and the application of such provision or circumstances
shall not be affected by such invalidity or unenforceability, nor shall such invalidity or unenforceability affect the validity or enforceability
of such provision, or the application thereof, in any other jurisdiction.

 

	13.	NOTICE. 

 

All notices and other communications pursuant to this Agreement shall
be in writing and shall be deemed provided if delivered personally, telecopied, sent by electronic facsimile, email, reputable overnight
courier or mailed by registered or certified mail (return receipt requested), postage prepaid, to the parties at the addresses shown in
the preamble to this Agreement, or to such other address as the party to whom notice is to be given may have furnished to the other party
hereto in writing in accordance herewith. Any such notice or communication shall be deemed to have been delivered and received (i) in
the case of personal delivery, on the date of such delivery, (ii) in the case of telecopier or an electronic facsimile or email,
one business day after the date of transmission if confirmation of receipt is received, (iii) in the case of a reputable overnight
courier, three business days after deposit with such reputable overnight courier service, and (iv) in the case of mailing, on the
seventh business day following that on which the mail containing such communication is posted.

 

	14.	GOVERNING LAW; JURISDICTION. 

 

This Agreement shall be governed by and construed and enforced in accordance
with the laws of the State of Israel, without giving effect to the conflicts of law provisions of those laws. The Company and Indemnitee
each hereby irrevocably consent to the exclusive jurisdiction and venue of the courts of Tel Aviv, Israel for all purposes in connection
with any action or proceeding which arises out of or relates to this Agreement.

 

	15.	ENTIRE AGREEMENT. 

 

This Agreement represents the entire agreement between the parties
and supersedes any other agreements, contracts or understandings between the parties, whether written or oral, with respect to the subject
matter of this Agreement, including, for the avoidance of doubt, any previous indemnification executed between the parties.

 

     

     

    

 

	16.	NO MODIFICATION AND NO WAIVER. 

 

No supplement, modification or amendment, termination or cancellation
of this Agreement shall be binding unless executed in writing by both of the parties hereto. No waiver of any of the provisions of this
Agreement shall be deemed or shall constitute a waiver of any other provisions hereof (whether or not similar) nor shall such waiver constitute
a continuing waiver. Any waiver shall be in writing. The Company hereby undertakes not to amend its Articles of Association in a manner
which will adversely affect the provisions of this Agreement.

 

	17.	ASSIGNMENTS; NO THIRDPARTY RIGHTS

 

Neither party hereto may assign any of its rights or obligations hereunder
except with the express prior written consent of the other party. Nothing herein shall be deemed to create or imply an obligation for
the benefit of a third party, except as expressly provided herein. Without limitation of the foregoing, nothing herein shall be deemed
to create any right of any insurer that provides directors’ and officers’ liability insurance, to claim, on behalf of Indemnitee,
any rights hereunder.

 

	18.	INTERPRETATION; DEFINITIONS. 

 

Unless the context shall otherwise require: words in the singular shall
also include the plural, and vice versa; any pronoun shall include the corresponding masculine, feminine and neuter forms; the words “include”,
 “includes” and “including” shall be deemed to be followed by the phrase “without limitation”; the
words “herein”, “hereof” and “hereunder” and words of similar import refer to this Agreement in its
entirety and not to any part hereof; all references herein to Sections or clauses shall be deemed references to Sections or clauses of
this Agreement; any references to any agreement or other instrument or law, statute or regulation are to it as amended, supplemented or
restated, from time to time (and, in the case of any law, to any successor provisions or re-enactment or modification thereof being in
force at the time); any reference to “law” shall include any supranational, national, federal, state, local, or foreign statute
or law and all rules and regulations promulgated thereunder; any reference to a “day” or a number of “days”
(without any explicit reference otherwise, such as to business days) shall be interpreted as a reference to a calendar day or number of
calendar days; reference to month or year means according to the Gregorian calendar; reference to a “company”, “corporate
body” or “entity” shall include a, partnership, firm, company, corporation, limited liability company, association,
joint venture, trust, unincorporated organization, estate, or a government municipality or any political, governmental, regulatory or
similar agency or body, and reference to a “person” shall mean any of the foregoing or a natural person.

 

	19.	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; it being understood that parties need not sign the same counterpart. The exchange of an
executed Agreement (in counterparts or otherwise) by facsimile or by electronic delivery in pdf format shall be sufficient to bind the
parties to the terms and conditions of this Agreement, as an original.

 

[SIGNATURE PAGE TO FOLLOW]

 

IN
WITNESS WHEREOF, the parties, each acting under due and proper authority, have executed this Indemnification Agreement as of
the date first mentioned above, in one or more counterparts.

 

	HUB Cyber Security (Israel)  Ltd.
	 	 
	By:	 	 
	 	 	 
	Name and title:	 	 

 

     

     

    

 

	Indemnitee:
	 	 
	Name:	 	 
	 	 	 
	Signature:	 	 
	 	 	 
	Address:	 	 

 

     

     

    

 

EXHIBIT A*

 

CATEGORY OF INDEMNIFIABLE EVENT

 

	1.	Matters, events, occurrences or circumstances in connection or associated with relationships with Company employees or consultants or any employee union or similar or comparable organization. 

 

	2.	Matters, events, occurrences or circumstances in connection or associated with business relations of any kind between the Company and its employees, independent contractors, customers, suppliers, partners, distributors, agents, resellers, representatives, licensors, licensees, service providers and other business associates. 

 

	3.	Negotiations, execution, delivery and performance of agreements of any kind or nature and any decisions or deliberations relating to actions or omissions relating to the foregoing; any acts, omissions or circumstances that do or may constitute or are alleged to constitute anti-competitive acts, acts of commercial wrongdoing, or failure to meet any standard of conduct which is or may be applicable to such acts, omissions or circumstances. 

 

	4.	Approval of and recommendation or information provided to shareholders with respect to any and all corporate actions, including the approval of the acts of the Company’s management, their guidance and their supervision, matters relating to the approval of transactions with Office Holders (including, without limitation, all compensation related matters) or shareholders, including controlling persons and claims and allegations of failure to exercise business judgment, reasonable level of proficiency, expertise, care or any other applicable standard, with respect to the foregoing or otherwise with respect to the Company’s business, strategy, operations and prospective outlook, and any discussions, deliberations, reviews or other preparatory or preliminary phases relating to any of the foregoing. 

 

	5.	Actions in connection with the development or testing of products developed by the Company, including without limitation, the performance of pre-clinical and clinical trials on such, whether performed by the Company or by third parties on behalf of the Company, and/or in connection with the distribution, commercialization, sale, license or use of such products, including without limitation in connection with professional liability and product liability claims and/or in connection with the procedure of obtaining regulatory approvals regarding such products, whether in Israel or abroad. 

 

	6.	Violation, infringement, misappropriation, dilution and other misuse of copyrights, patents, designs, trade secrets, confidential information, proprietary information and any intellectual property rights, acts in connection with the registration, assertion or protection of rights to intellectual property and the defense of claims related to intellectual property, breach of confidentiality obligations, acts in regard of invasion of privacy or any violation of privacy or privacy related right or regulation, including with respect to databases or handling, collection or use of private information, acts in connection with slander and defamation, and claims in connection with publishing or providing any information, including any filings with any governmental authorities, whether or not required under any applicable laws. 

 

     

     

    

 

	7.	Violations of or failure to comply with securities laws, and any regulations or other rules promulgated thereunder, of any jurisdiction, including without limitation, claims under the U.S. Securities Act of 1933 or the U.S. Exchange Act of 1934 or under the Israeli Securities Law, fraudulent disclosure claims, failure to comply with any securities authority or any stock exchange disclosure or other rules and any other claims relating to relationships with investors, debt holders, shareholders, optionholders, holders of any other equity or debt instrument of the Company, and otherwise with the investment community (including without limitation any such claims relating to a merger, acquisition, change in control transaction, issuance of securities, restructuring, spin out, spin off, divestiture, recapitalization or any other transaction relating to the corporate structure or organization of the Company); claims relating to or arising out of financing arrangements, any breach of financial covenants or other obligations towards investors, lenders or debt holders, class actions, violations of laws requiring the Company to obtain regulatory and governmental licenses, permits and authorizations in any jurisdiction, including in connection with disclosure, offering or other transaction related documents; actions taken in connection with the issuance, purchase, holding or disposition of any type of securities of Company, including, without limitation, the grant of options, warrants or other rights to purchase any of the same or any offering of the Company’s securities (whether on behalf of the Company or on behalf of any holders of securities of the Company) to private investors, underwriters, resellers or to the public, and listing of such securities, or the offer by the Company to purchase securities from the public or from private investors or other holders, and any undertakings, representations, warranties and other obligations related to any of the foregoing or to the Company’s status as a public company or as an issuer of securities. 

 

	8.	Liabilities arising in connection with any products or services developed, distributed, rendered, sold, provided, licensed or marketed by the Company or any affiliate thereof, and any actions or omissions in connection with the distribution, provision, sale, marketing, license or use of such products or services, including without limitation in connection with professional liability and product liability claims or regulatory or reputational matters. 

 

	9.	The offering of securities by the Company (whether on behalf of itself or on behalf of any holder of securities and any other person) to the public and/or to offerees or the offer by the Company to purchase securities from the public and/or from private investors or other holders pursuant to a prospectus, offering documents, agreements, notices, reports, tenders and/or other processes. 

 

	10.	Events, facts or circumstances in connection with change in ownership or in the structure of the Company, its reorganization, dissolution, winding up, any other arrangements concerning creditors rights, merger, change in control, issuances of securities, restructuring, spin out, spin off, divestiture, recapitalization or any other transaction relating to the corporate structure or organization of the Company, and the approval of failure to approve of any corporate actions and any matters relating to corporate governance, capital structure, articles of association or other charter or governance documents, appointment or dismissal of office holders or compensation thereof and appointment or dismissal of auditors, internal auditor or any other person performing any services for the Company. 

 

	11.	Any claim or demand made in connection with any transaction not in the ordinary course of business of the Company, as well as the sale, lease, purchase or acquisition of, or the receipt or grant of any rights with respect to, any assets or business. 

 

	12.	Any claim or demand made by any third party suffering any personal injury and/or bodily injury or damage to business or personal property or any other type of damage through any act or omission attributed to the Company, or its employees, agents or other persons acting or allegedly acting on its behalf, including, without limitation, failure to make proper safety arrangements for the Company or its employees and liabilities arising from any accidental or continuous damage or harm to the Company’s employees, its contractors, its guests and visitors as a result of an accidental or continuous event, or employment conditions, permanent or temporary, in the Company’s offices. 

 

	13.	Any claim or demand made directly or indirectly in connection with complete or partial failure, by the Company or its directors, officers and employees, to pay, report, keep applicable records or otherwise, of any local or foreign federal, state, county, municipal or city taxes or other taxes or compulsory payments of any nature whatsoever, including, without limitation, income, sales, use, transfer, excise, value added, registration, severance, stamp, occupation, customs, duties, real property, personal property, capital stock, social security, unemployment, disability, payroll or employee withholding or other withholding, including any interest, penalty or addition thereto, whether disputed or not. 

 

     

     

    

 

	14.	Any administrative, regulatory, judicial or civil actions orders, decrees, suits, demands, demand letters, directives, claims, liens, investigations, proceedings or notices of noncompliance or violation by any governmental entity or other person alleging potential responsibility or liability (including potential responsibility or liability for costs of enforcement investigation, cleanup, governmental response, removal or remediation, for natural resources damages, property damage, personal injuries or penalties or for contribution, indemnification, cost recovery, compensation or injunctive relief) arising out of, based on or related to (a) the presence of, improper handling or safety precautions, release, spill, emission, leaning, dumping, pouring, deposit, disposal, discharge, leaching or migration into the environment (each a “Release”) or threatened Release of, or exposure to, any hazardous, toxic, explosive or radioactive substances, wastes or other pollutants, including petroleum or petroleum distillates, asbestos or asbestos-containing material, polychlorinated biphenyls (“PCBs”) or PCB-containing materials or equipment, radon gas, infectious or medical wastes and all other substances or wastes of any nature regulated pursuant to any environmental law, including but not limited to radioactivity or radioactive material, at any location, whether or not owned, operated, leased or managed by the Company or any of its subsidiaries, or (b) circumstances forming the basis of any violation of any environmental law or environmental permit, license, registration or other authorization required under applicable environmental law. 

 

	15.	Any administrative, regulatory or judicial actions, orders, decrees, suits, demands, demand letters, directives, claims, liens, investigations, proceedings or notices of noncompliance or violation by any governmental or regulatory entity or authority or any other person alleging the failure to comply with any statute, law, ordinance, rule, regulation, order or decree of any governmental entity applicable to the Company or any of its businesses, assets or operations, or the terms and conditions of any operating certificate or licensing agreement. 

 

	16.	Participation and/or non-participation at Company Board meetings, expression of opinion or view and/or voting and/or abstention from voting at Company Board meetings, including, in each case, any committee thereof, as well as expression of opinion publicly in connection with the service as an Office Holder. 

 

	17.	Review and approval of the Company’s financial statements and any specific items or matters within, including any action, consent or approval related to or arising from the foregoing, including, without limitations, engagement of or execution of certificates for the benefit of third parties related to the financial statements. 

 

	18.	Violation of laws, rules or regulations requiring the Company to obtain regulatory and governmental licenses, permits and authorizations (including without limitation relating to export, import, encryption, antitrust or competition authorities) or laws related to any governmental grants in any jurisdiction. 

 

	19.	Resolutions and/or actions relating to investments in the Company and/or its subsidiaries and/or affiliated companies and/or investment in corporate or other entities and/or investments in other traded or non-traded securities and/or any other form of investment. 

 

	20.	Liabilities arising out of advertising, including misrepresentations regarding the Company’s products or services and unlawful distribution of emails. 

 

	21.	Management of the Company’s bank accounts, including money management, foreign currency deposits, securities, loans and credit facilities, credit cards, bank guarantees, letters of credit, consultation agreements concerning investments including with portfolio managers, hedging transactions, options, futures, and the like. 

 

	22.	All actions, consents and approvals, including any prior discussions, reviews and deliberations, relating to a distribution of dividends, in cash or otherwise, or to any other “distribution” as such term is defined under the Companies Law. 

 

     

     

    

 

	23.	Any administrative, regulatory, judicial, civil or criminal, actions orders, decrees, suits, demands, demand letters, directives, claims, liens, investigations, proceedings or notices of noncompliance, violation or breaches alleging potential responsibility, liability, loss or damage (including potential responsibility or liability for costs of enforcement, investigation, cleanup, governmental response, removal or remediation, property damage or penalties, or for contribution, indemnification, cost recovery, compensation or injunctive relief), whether alleged or claimed by customers, consumers, regulators, shareholders or others, arising out of, based on or related to: (a) cyber security, cyber attacks, data loss or breaches, unauthorized access to information, data, or databases (including but not limited to any personally identifiable information or private health information) and use or disclosure of information contained therein, not preventing or detecting the breach or failing to otherwise disclose or respond to the breach; (b) circumstances forming the basis of any violation of any law, permit, license, registration or other authorization required under applicable law governing data security, data protection, network security, information systems, privacy or any cyber environment (including, users, networks, devices, software, processes, information systems, databases, information in storage or transit, applications, services, and systems that can be connected directly or indirectly to networks); (c) failure to implement a reporting system or control, or failure to monitor or oversee the operation of such a system; (d) data destruction, extortion, theft, hacking, and denial of service attacks; losses or liabilities to others caused by errors and omissions, failure to safeguard data or defamation; or (e) security-audit, post-incident public relations and investigative expenses, criminal reward funds, data breach/privacy crisis management (including, management of an incident, investigation, remediation, data subject notification, call management, credit checking for data subjects, legal costs, court attendance and regulatory fines), extortion liability (including, losses due to a threat of extortion, professional fees related to dealing with the extortion), or network security liability (including, losses as a result of denial of access, costs related to data on third-parties and costs related to the theft of data on third-party systems). 

 

The Limit Amount for all Indemnifiable Persons during each relevant
period referred to in Section 1.2 of the Indemnification Agreement for all events described in this Exhibit A (in Sections 1-22
(inclusive) above), shall be the greater of:

 

(a) twenty-five percent (25%) of the Company’s total shareholders’
equity according to the Company’s most recent financial statements as of the time of the actual payment of indemnification;

 

(b) $100,000,000;

 

(c) ten percent (10%) of the Company Total Market Cap (which shall
mean the average closing price of the Company’s ordinary shares over the 30 trading days prior to the actual payment of indemnification,
multiplied by the total number of issued and outstanding shares of the Company as of the date of actual payment); and

 

(d) in connection with or arising out of a public offering of
the Company’s securities, the aggregate amount of proceeds from the sale by the Company and/or any shareholder of Company’s
securities in such offering.

 

	*	Any reference in this Exhibit A to the Company shall include the Company and any entity in which the Indemnitee serves in a Corporate Capacity.

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