Document:

Exhibit 10.1

 

SECURITIES
PURCHASE AGREEMENT

 

This Securities Purchase
Agreement (this “Agreement”) dated March 31, 2016, by and between EZTD Inc., a Delaware corporation having
an address at 6 Yehezkel Koifman St., Tel Aviv, Israel 68012 (the “Company”), and Compagnie Financiere
Saint Exupery Sicav-Sif having an address at 42 rue de la Vallee, L2661 Luxembourg (the “Purchaser”).
The Company and the Purchaser (collectively referred to herein, the "Parties") agree as follows:

 

ARTICLE 1

PURCHASE AND SALE

 

1.1
Closing.

 

(a) Subject
to the terms and conditions of this Agreement, the closing of the transaction contemplated by this Agreement (the "Closing")
shall be held remotely via the exchange of documents and signatures concurrently with the execution of this Agreement or such other
time as shall be agreed upon, orally or in writing, by the Purchaser and the Company.

 

(b) Securities
Purchased. At the Closing the Company will sell and the Purchaser will purchase the following securities of the Company for
an aggregate purchase price of $6,000,000 (Six Million U.S. Dollars) (the “Purchase Price”) to be transferred
as set forth on Schedule 1.1(c) attached hereto, as follows:

 

(i)            30,000,000
(Thirty Million) shares of the Company’s Common Stock $0.001 par value at a price of $0.20 per share corresponding to an
aggregate purchase price of $6,000,000 (Six Million U.S. Dollars); and

 

(ii)           Sixty (60)
months warrant to purchase up to an additional 26,666,667 (Twenty Six Million Six Hundred and Sixty Six Thousand and Six Hundred
and Sixty Seven) shares of the Company’s Common Stock $0.001 par value with an exercise price of $0.225 per share, which
will be issued to the Purchaser at the Closing and will be exercisable only after six months from Closing (the "Warrant").
No separate consideration shall be paid for the issuance of the Warrant. The Warrant shall be in the form appended hereto as Exhibit
"A" (the shares issuable upon the exercise of the Warrant are sometimes referred to hereinafter as the "Warrant
Shares" and the Shares and the Warrant Shares are sometime referred to hereinafter as the "Securities").

 

(c)
Closing Deliveries. Subject to the following provisions of this clause,
at or prior to the Closing, the following transactions will take place,
all of which shall be deemed to have occurred simultaneously and no transaction shall be deemed to have been completed or any document
delivered until all such transactions have been completed and all required documents delivered: (1) the Purchaser shall pay the
purchase price to the Company, by way of a bank transfer to the Company's account, in immediately available funds, to the bank
accounts set forth on Schedule 1.1 (c), (2) the Company shall issue and allot to the Purchaser, no later than forty five (45) days
following the Closing, the Shares and the Warrant., and (3) each Party shall deliver to the other Party copies of resolutions taken
by its board of directors (or other similar governing body) approving the execution and delivery of this Agreement, and
all the transactions contemplated hereunder. 

 

THE PURCHASER UNDERSTANDS THAT AN
INVESTMENT IN THE SECURITIES INVOLVES A HIGH DEGREE OF RISK, AND THAT THE SECURITIES ARE SUBJECT TO RESTRICTIONS ON TRANSFER AND
RESALE. THERE CAN BE NO ASSURANCES THAT THE PURCHASER WILL RECOVER ALL OR ANY PORTION OF THIS INVESTMENT.

 

     

     

    

 

ARTICLE 2

REPRESENTATIONS AND WARRANTIES

 

2.1
Representations and Warranties of the Company.

 

(a) Organization
and Qualification. The Company is a corporation duly incorporated, validly existing and in good standing under the laws of
the State of Delaware, with the requisite power and authority to own and use its properties and assets and to carry on its business
as currently conducted.

 

(b) Authorization;
Enforcement. The Company has the requisite corporate power and authority to enter into and to consummate the transactions contemplated
hereby. The execution and delivery of this Agreement by the Company and the consummation by it of the transactions contemplated
hereby, including the issuance of the Shares and the Warrant hereunder, has been duly authorized by all necessary action on the
part of the Company. This Agreement is the valid and binding obligation of the Company enforceable against the Company in accordance
with its terms.

 

(c) Issuance
of the Securities. The Shares are duly authorized and, when issued and paid for in accordance with this Agreement, will be
duly and validly issued, fully paid and no assessable. The Warrant Shares, when issued in accordance with the terms of the Warrant,
will be validly issued, fully paid and non assessable. A summary of the Company's capitalization table is set forth on Schedule
2.1(c) attached hereto.

 

(d) Material
Adverse Changes. Except as listed in Schedule 2.1(d), as of December 31, 2015, onwards there has not been:

 

(i)            any material adverse change in the assets, liabilities, financial condition, business or prospects of the Company;

 

(ii)           any damage, destruction or loss, materially affecting the assets, business, properties, condition (financial or otherwise) of the
Company;

 

(iii)          any waiver or compromise by the Company of a material right or of a material debt owed to it;

 

(iv)          any satisfaction or discharge of any lien, claim or encumbrance or payment of any obligation by the Company, except in the ordinary
course of business;

 

(v)           any material change or amendment to a material contract or arrangement by which the Company or any of their respective assets or
properties is bound or subject;

 

(vi)          any material change in any compensation arrangement or agreement with any employee, officer, director or shareholder of the Company;

 

(vii)         any sale, assignment or transfer of any and all intellectual property of the Company, including but not limited to, whether or
not patentable, including without limitation, all patents, trademarks, service marks, trade names, copyrights, trade secrets, information,
licenses, proprietary rights, processes and concepts;

 

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(viii)        any resignation or termination of employment of any officer or key employee of the Company; and the Company, to the best of its
knowledge, does not know of any impending resignation or termination of employment of any such officer or key employee;

 

(ix)           receipt of written notice that there has been a loss of, or material order cancellation by, any major customer or business associate
of the Company;

 

(x)            any mortgage, pledge, transfer of any interest or equity of any individual or entity (including without limitation any right to
acquire, option, or right of pre-emption, or right of first refusal) or any mortgage, charge, pledge, lien, or assignment, or any
other encumbrance or security interest or arrangement of whatsoever nature over or in the relevant property in, or lien, created
by the Company and/or by its subsidiary, with respect to any of their respective material properties or assets;

 

(xi)           any loans or guarantees made by the Company to or for the benefit of their respective employees, officers or directors, or any
members of their respective immediate families, other than travel advances and other advances made in the ordinary course of its
business;

 

(xii)          any declaration, setting aside or payment or other distribution in respect of the share capital of the Company or any direct or
indirect redemption, purchase or other acquisition of any of such share capital by the Company; or

 

(xiii)         any agreement or commitment by the Company to do any of the things described in this Section 2.1(d).

 

2.2
Representations and Warranties of the Purchaser.  The Purchaser hereby represents and warrants as follows:

 

(a) Organization;
Authority. If the Purchaser is an entity duly organized, validly existing and in good standing under the laws of the jurisdiction
of its organization with full right, corporate or partnership power and authority to enter into and to consummate the transactions
contemplated by this Agreement and otherwise to carry out its obligations hereunder and thereunder. The execution and delivery
of this Agreement and performance by the Purchaser of the transactions contemplated by this Agreement have been duly authorized
by all necessary corporate or similar action on the part of the Purchaser. This Agreement has been duly executed by the Purchaser,
and is the valid and legally binding obligation of the Purchaser, enforceable against it in accordance with its terms. No consent,
approval, order or authorization of, or registration, qualification, designation, declaration or filing with, any governmental
authority, including the U.S. Securities and Exchange Commission, is required on the part of the Purchaser in connection with the
execution and delivery of this Agreement, or the offer, sale, and delivery of the Securities as contemplated by this Agreement.

 

(b) Own Account;
Investment Intent. The Purchaser is acquiring the Securities as principal for its own account for investment purposes only
and not and will not acquire the Shares, the Warrant or the Warrant Shares with a view to or for distributing or reselling them
in violation of the Securities Act of 1933, as amended (the “Securities Act”) or any applicable state
securities law, has no present intention of distributing any of them in violation of the Securities Act or any applicable state
securities law and has no direct or indirect arrangement or understandings with any other persons to distribute or regarding their
distribution of such Securities. The Purchaser understands that the Securities included therein are “restricted securities”
and have not been registered under the Securities Act or any applicable state securities laws. The Purchaser is acquiring the Securities
and each part thereof hereunder in the ordinary course of its business.

 

    	 	3	 

     

    

 

(c) Regulation
S. The Purchaser makes the following representations related to Regulation S under the Securities Act: (i) it is not a “U.S.
Person” as that term is defined in Rule 902 of Regulation S under the Securities Act; and received all communications
relating to the issuance of the Shares, and executed all documents relating thereto, outside the United States; and (ii) it agrees
to resell the Shares, the Warrant and the Warrant Shares only in accordance with the provisions of Regulation S, or pursuant to
another available exemption from the registration requirements of the Securities Act, and further agrees not to engage in hedging
transactions with regard to such securities unless in compliance with the Securities Act.

 

(d) Experience
of Such Purchaser. The Purchaser, either alone or together with its representatives, has such knowledge, sophistication and
experience in business and financial matters so as to be capable of evaluating the merits and risks of the prospective investment
in the Securities, and has so evaluated the merits and risks of such investment. The Purchaser is able to bear the economic risk
of an investment in the Securities (and each part thereof) and, at the present time, is able to afford a complete loss of such
investment.

 

(e) Opportunity
to Conduct Due Diligence. The Purchaser was granted the opportunity to conduct due diligence prior to entering into the transactions
contemplated by this Agreement. The Purchaser has read this Agreement and is familiar with the terms of the Securities. In making
the decision to purchase the Securities, the Purchaser and the Purchaser’s advisors have, prior to any sale to the Purchaser,
been given access and the opportunity to examine all books and records of the Company, all contracts and documents relating to
the Company, and an opportunity to ask questions of, and to receive answers from, the Company and to obtain any additional information
necessary to verify the accuracy of the information provided to the Purchaser. The Purchaser and the Purchaser’s advisors
have been furnished with all materials relating to the business, finances and operations of the Company and materials relating
to the offer and sale of the Securities that have been requested. The Purchaser is aware of, and has been advised by the Company
that: (i) on February 11, 2016, the Board of Directors of the Company approved (a) an amendment to the Company's Certificate of
Incorporation to reduce the Company’s authorized Common Stock from 300,000,000 shares, with a par value of $0.001 per share,
to 10,000,000 shares with a par value of $0.03 per share (the “Amendment”), and (b) a 1-for-30 reverse stock split
of the Company’s issued and outstanding shares of Common Stock, such that each 30 shares of Common Stock held by stockholders
of record on or about April 4, 2016 be combined into one share of Common Stock (the “Reverse Split”); (ii) on February
15, 2016, the stockholders holding a majority of the Company’s voting power approved the Amendment and Reverse Stock Split
by written consent in lieu of a meeting, in accordance with the Delaware General Corporation Law; and (iii) on March 14, 2016 the
Company filed with the Securities and Exchange Commission an Information Statement on Schedule 14C relating to the contemplated
Amendment and the Reverse Split. Copies of the (i) Written Consent of the Board of Directors dated February 11, 2016, approving
the Reverse Split; and (ii) Written Consent of the Stockholders approving the Reverse Split, are attached hereto as Schedule 2.3(e).
The only representations and warranties being given to the Purchaser by the Company, express or implied, at law or in equity, with
respect to the Company, the Securities and\or the Company's business, are as explicitly contained in this Agreement.

 

Notwithstanding the foregoing, it
is further agreed and understood that the Purchaser shall have the right to perform additional due diligence with respect to the
Company's financial statements for the year ended December 31, 2015 and shall have the right to request full access to the relevant
books and financial records in connection with the diligence of such financial statements.

  

(f) Advice.
The Company and its counsel have not provided to the Purchaser any legal, accounting, regulatory or tax advice with respect to
the offering contemplated hereby, and the Purchaser has consulted its own legal, accounting, regulatory and tax advisors to the
extent it deemed appropriate.

 

    	 	4	 

     

    

  

ARTICLE 3

OTHER AGREEMENTS OF THE PARTIES

 

3.1
Transfer Restrictions.

 

(a) The Purchaser
hereby acknowledges that the Securities and any part thereof may only be disposed of in compliance with state and federal securities
laws. In connection with any transfer of Shares, Warrant or Warrant Shares other than pursuant to an effective registration statement
or Rule 144, to the Company or to an affiliate of a Purchaser or in connection with a pledge, the Company may require the transferor
thereof to provide to the Company an opinion of counsel selected by the transferor and reasonably acceptable to the Company, the
form and substance of such opinion shall be reasonably satisfactory to the Company, to the effect that such transfer does not require
registration of such transferred Shares, Warrant or the Warrant Shares under the Securities Act. Unless the transfer of the Warrant
has been registered, no Warrant may be transferred to any person that is not an “accredited investor.”

 

(b) The Purchaser
agrees to the imprinting, so long as is required, of a legend on any of the Shares, Warrant and Warrant Shares in the following
form:

 

[THESE SHARES] [THIS WARRANT AND THE SHARES
ISSUABLE UPON EXERCISE OF THIS WARRANT] HAVE NOT BEEN REGISTERED WITH THE SECURITIES AND EXCHANGE COMMISSION OR THE SECURITIES
COMMISSION OF ANY STATE IN RELIANCE UPON AN EXEMPTION FROM REGISTRATION UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES
ACT”), AND, ACCORDINGLY, MAY NOT BE OFFERED OR SOLD EXCEPT PURSUANT TO AN EFFECTIVE REGISTRATION STATEMENT UNDER THE SECURITIES
ACT OR PURSUANT TO AN AVAILABLE EXEMPTION FROM, OR IN A TRANSACTION NOT SUBJECT TO, THE REGISTRATION REQUIREMENTS OF THE SECURITIES
ACT AND IN ACCORDANCE WITH APPLICABLE STATE SECURITIES LAWS AS EVIDENCED BY A LEGAL OPINION OF COUNSEL SATISFACTORY TO THE COMPANY
TO SUCH EFFECT, THE SUBSTANCE OF WHICH SHALL BE REASONABLY ACCEPTABLE TO THE COMPANY.

 

3.2
Non Compete. Purchaser undertakes that for so long as it is a shareholder of the Company and for a period of twelve (12)
months thereafter, it shall : (i) not engage in any activity that directly and\or indirectly competes with the business of the
Company, (ii) not hold ownership interest in any firm or corporation that directly and\or indirectly competes with the Company,
other than passive holdings representing less than five percent (5%) of any such firm or corporation, and (iii) refrain from any
potential conflict of interests with the Company.

 

3.3
Confidentiality. Subject to applicable law, each Party agrees to keep this Agreement in strict confidence and that it shall
not, without the prior written consent of the other Party, disclose any information relating to the other Party other than disclosure
to the representatives and\or advisors of such Party, on a "need to know" basis or as required under applicable law.
For the avoidance of doubt, the aforesaid shall not include any information which: (a) is or becomes generally available to the
general public other than as a result of a breach of an undertaking hereunder, or (b) is or becomes available to a Party through
a disclosure by a third party.

 

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ARTICLE 4

MISCELLANEOUS

 

4.1
Fees and Expenses. Each Party shall pay the fees and expenses of its advisers, counsel, accountants and other experts,
if any, and all other expenses incurred by such Party in connection with this Agreement. Purchaser acknowledges that the Company
may pay a transaction fee to finders.

 

4.2
Notices. Any and all notices or other communications or deliveries required or permitted to be provided hereunder shall
be in writing and shall be deemed given and effective on the earliest of: (a) the date of transmission, if such notice or communication
is delivered via facsimile at the facsimile number or by email to the email address set forth on the signature page or (b) upon
actual receipt by the Party to whom such notice is required to be given.

 

4.3
Successors and Assigns. This Agreement shall be binding upon and inure to the benefit of the Parties and their successors.
This Agreement is not assignable by either Party.

 

4.4
Governing Law. All questions concerning the construction, validity, enforcement and interpretation of this Agreement shall
be governed by and construed and enforced in accordance with the internal laws of the State of New York without regard to conflict
of laws principles. Each Party agrees that all legal proceedings concerning the interpretations, enforcement and defense of the
transactions contemplated by this Agreement (whether brought against a Party hereto or its respective affiliates, directors, officers,
shareholders, employees or agents) shall be commenced exclusively in the state and federal courts sitting in the City of New York.
Each Party hereby irrevocably submits to the exclusive jurisdiction of the state and federal courts sitting in the City of New
York, borough of Manhattan for the adjudication of any dispute hereunder or in connection herewith or with any transaction contemplated
hereby or discussed herein (including with respect to the enforcement of this Agreement).

 

4.5
Entire Agreement; Amendments; Execution. This Agreement represents the entire agreement between the Parties with
respect to the subject matter hereof. This Agreement may be executed in any number of counterparts and by different Parties hereto
in separate counterparts, each of which when so executed and delivered shall be deemed to be an original and when a counterpart
has been executed by each of the Parties hereto, all of the counterparts, when taken together, shall constitute one and the same
agreement. This Agreement may not be modified or amended, and no breach shall be deemed to be waived, unless agreed to in writing
by the Parties.

 

4.6
Survival of Representations. The Purchaser agrees that all of the warranties, representations acknowledgments, confirmations,
covenants and promises made in this Agreement shall survive its execution and delivery.

 

4.7
Changes in Representations. The Purchaser agrees to notify the Company immediately of any change in the representations,
warranties or information pertaining to the Purchaser contained herein.

 

[Signature page immediately
follows]

 

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IN WITNESS WHEREOF, the
Parties hereto have caused this Securities Purchase Agreement to be duly executed by their respective authorized signatories as
of the date first indicated above.

 

	EZTD, INC.	 	 	 
	 	 	 	 	 
	By:	EZTD	 	 	 
	 	 	 	 	 
	Name:	Shimon Citron	 	 	 
	 	 	 	 	 
	Title:	CEO	 	 	 
	 	 	 	 	 
	Compagnie Financiere Saint Exupery Sicav-Sif
	 	 	 	 	 
	By:	/s/ Vincent Cornean	 	By:	/s/ Karl Heinz Dick
	 	 	 	 	 
	Name:	Vincent Cornean	 	Name:	Karl Heinz Dick
	 	 	 	 	 
	Title:	Director	 	Title:	Director

 

    	 	7	 

     

    

 

Exhibit A

  

Warrant Certificate

 

 

 

 

 

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Schedule 1.1(c)

 

Purchase Price Breakdown and Bank Account
Information

 

The
Purchase Price shall be wired as follows:

  

The
amount of $1,000,000 to the Company's bank account in MEINL Austria as follows:

 

Account
no. 

IBAN:

BIC(SWIFT-Code):

Account
name: 

Bank
Name: 

Bank
Address: 

 

The
amount of $1,000,000 to the Company's bank account in Israel as follows:

 

Account
no. 

IBAN:

BIC(SWIFT-Code):

Account
name: 

Bank
Name: 

Bank
Address: 

 

The
amount of $4,000,000 to the Company's bank account in London as follows:

 

BANK:

BIC:

ACCOUNT
WITH:

ACCOUNT
NUMBER:

IN
FAVOUR OF:

BIC:

  

FOR
FURTHER CREDIT

 

ACCOUNT
NAME:

BANK:

IBAN:

SWIFT:

 

    	 	9	 

     

    

 

Schedule
2.1(c)

 

Capitalization
Table Summary

 

	
        No. of shares Authorized

         
	300,000,000	 
	
        No. of Shares issued and Outstanding

         
	115,896,000	 
	
        No. of Warrants and Options issued and Outstanding

         
	66,501,000	 
	No. of Warrants and Options available for issuance (*)	32,807,000	 
	
         

        Total Shares and Warrants

         
	
         

        215,204,000
	 
	 	 	 

 

(*)
Consists of 26,572,000 shares issuable upon conversion of outstanding loans; 1,761,000 additional warrants issuable to certain
lenders upon conversion of outstanding loans; and 4,474,000 options available for grant under the 2004 Global Option Program.

 

    	 	10	 

     

    

 

Schedule
2.1(d)

 

	 	●	The
    Company's 2016 Operating Budget a copy of which is attached hereto.

 

	 	●	The
    Company's Annual Report on Form 10-K for the year ended December 31, 2015, a copy of which is attached hereto.

 

    	 	11	 

     

    

 

Schedule
2.3 (e)

 

	 	●	Written
    Consent of the Board of Directors dated February 11, 2016 is attached hereto.

 

	 	●	Written
    Consent of the Stockholders dated February 15, 2016 is attached hereto.

 

12Exhibit 10.2

 

CONSULTING AND SERVICES AGREEMENT

 

THIS
CONSULTING AND SERVICES AGREEMENT (the “Agreement”)
is made and entered into as of this 11 day of April, 2016,
by and between EZTD Inc., a Delaware corporation having its principal place of business at 6 Koifman Street, Gaon House 13th
Floor, Tel Aviv, Israel (the “Company”)
and JKM Management Ltd., a Company incorporated under the laws of the state of Israel having an address at 1 HABROSH STREET RA'ANANA
Israel (the “Consultant”)
(the Company and the Consultant shall additionally be referred to as each, a “Party”
and collectively, the “Parties”).

 

WHEREAS, the
Company wishes to engage the Consultant as an independent contractor to provide the consulting and management services described
herein and to serve as an Executive Director and Vice Chairman of the Board of Directors of the Company (the “Board”);
and

 

WHEREAS, the Consultant agrees to
provide the services and to serve as an Executive Director and Vice Chairman of the Board for the compensation and otherwise in
accordance with the terms and conditions contained in this Agreement. 

 

NOW, THEREFORE, in
consideration of the foregoing, and for other good and valuable consideration, the receipt and sufficiency of which are hereby
acknowledged, accepted and agreed to, the Parties, intending to be legally bound, agree to the terms set forth below.

	1.	TERM.

 

The independent contractual
relationship pursuant to this Agreement shall commence on the date of this Agreement (the “Effective Date”)
and shall continue, unless terminated earlier pursuant to Section 4 hereof (the “Term”).

	2.	ENGAGEMENT AND SERVICES.

 

2.1.          Subject to the terms and conditions set forth herein, the Company hereby retains the Consultant on a consulting and
advisory basis and as an independent contractor to serve as the Executive Director and Vice Chairman of the Board, to promote the
Company's affairs, assist with matters relating to the Company's technology and provide such other services as set forth in Exhibit
A, attached hereto (collectively, the “Services”). The Consultant hereby accepts such engagement and shall
report directly to the Board.

 

2.2.          During the Term, the Consultant shall attend all Board meetings in person or via conference call, Board and management
conference calls as may be reasonably necessary or appropriate, make himself available to the Company at mutually convenient times
and places and perform such other duties and responsibilities as may be reasonably necessary in connection with serving as an Executive
Director and Vice Chairman of the Board.

 

2.3.          The Consultant shall perform the Services diligently and faithfully, use his best efforts to promote the interests
of the Company and comply with his fiduciary duty obligations as imposed by Delaware law. The Consultant shall at all times act
as a fiduciary in the service and best interests of the Company.

 

2.4.          In connection with the performance of the Services hereunder, the Consultant through its principal, Mr. Ron Lubash
shall devote and spend a substantial amount of time, as may be necessary and required by the Company, per month in the offices
of the Company, including without limitation, in instances when the Company's Chief Executive Officer travels abroad.

 

     

     

    

 

2.5.          Without limiting any other obligation of the Consultant, the Consultant shall perform the Services in compliance
with all applicable laws, rules, or regulations including, without limitation, the laws of the state of Delaware, U.S. federal
and state securities laws and regulations. The Consultant shall obtain all permits, permissions or authorizations required to comply
with those laws, rules, or regulations (to the extent applicable) in connection with the engagement contemplated hereunder and
the performance of the Services.

 

2.6.          The Consultant represents and warrants that in performing the Services contemplated by this Agreement he will not
infringe or violate any third-party’s trade secrets, proprietary information, trademark, copyright, patent or other intellectual
property or proprietary rights of any kind or nature. The Consultant will not undertake to perform any services that would violate
his obligations under this Agreement.

 

2.7.          The Consultant represents and warrants that it is not a party to or otherwise subject to or bound by the terms of
any contract, agreement, or understanding which in any manner would limit or otherwise affect its ability to perform the Services
or any obligation under this Agreement.

 

2.8.          The Company shall at all times during the Term maintain in full force and effect directors' and officers' liability
insurance covering, among others, the Consultant.

	3.	COMPENSATION.

 

3.1.          In consideration for the performance of the Services by the Consultant during the Term, the Company shall pay the
Consultant a monthly consulting fee in the aggregate amount of $10,000 plus VAT (the “Compensation”) plus any
out-of-pocket expenses incurred in connection with the performance of the Services hereunder.

 

3.2.          During the Term, the Compensation shall be paid to the Consultant on the 15 day of each calendar month starting on
the Effective Date, to the following bank account or to an alternative bank account as may be designated from time to time in writing
by the Consultant.

 

Account Name: JKM Management Ltd

Account No.:633225

Bank Name: Hapoalim bank

Branch number: 754

 

3.3.          Any out-of-pocket expenses reasonably incurred in connection with the Services provided under this Agreement shall
be paid to the Consultant against an invoice validly issued and approved by the Company and in accordance with applicable law,
at the end of each calendar month under this Agreement.

 

3.4.          The Consultant shall be solely responsible for the payment of, and agrees to pay all income, social security or other
taxes of any kind incurred as a result of the Compensation under this Agreement, and for all obligations, reports and timely notifications
relating to those taxes. The Company shall have no obligation to pay or withhold or pay any sums for those taxes.

 

    	 	2	 

     

    

	4.	TERMINATION.

 

4.1.          Each Party shall be entitled to terminate this Agreement with immediate effect at any time for any reason or without
cause by delivering a sixty (60) days prior written notice to the other Party.

 

4.2.          Notwithstanding anything contained herein to the contrary, it is agreed that the Company may terminate this Agreement
for Cause (as hereinafter defined) at any time during the Term, effective within 7 days after giving the Consultant written notice
of such termination. As used herein, the term “Cause” will mean any of the following events:

 

(i)            the Consultant is convicted of any felony;

 

(ii)           the Consultant is convicted of any misdemeanor involving moral turpitude, if in the reasonable good-faith judgment of the
Company such conviction has or could materially damage the reputation of the Company or is likely to materially interfere with
the Consultant’s performance of his duties hereunder;

 

(iii)          the Consultant commits a material breach of this Agreement or engages in a willful failure to carry out the Services hereunder;
and

 

(iv)          the Consultant commits a breach of any material fiduciary duty owed to the Company, gross negligence, gross malfeasance,
gross nonfeasance or willful misconduct in the performance of his Services, including, without limitation, criminal dishonesty,
fraud, embezzlement or theft; a material violation of any Company or other external (e.g., professional) code of conduct to which
the Consultant may be subject; and any act or failure to act that the Consultant knows or reasonably should know is or likely to
be materially injurious to the business or reputation of the Company.

 

Notwithstanding anything
contained herein to the contrary, it is agreed that the Consultant may terminate the Services immediately if the Company commits
a material breach of this Agreement.

	5.	CONFIDENTIALITY.

 

5.1.          Nondisclosure of Confidential Information. During the Consultant’s engagement hereunder and after such
engagement ends for any reason, the Consultant will hold in strict confidence and will not disclose, use or publish in any manner
(including, without limitation, in print, audio or video or in any manner, on-line or through internet, mobile or cloud based transmission)
any Confidential Information (as defined below) of the Company, except as may be required in the performance of the Services hereunder
or with the prior written authorization of the Company. The Consultant agrees and recognizes that all Confidential Information
shall at all times be the sole and exclusive property of the Company and its assigns or successors in interest.

 

    	 	3	 

     

    

 

5.2.          Definition of Confidential Information. The term “Confidential Information” shall include
but not be limited to (i) trade secrets, documentation, designs, schematics, catalysts, settings, hardware designs, programming,
processes, specifications required to produce material, research and development techniques, ideas, processes, products, handbooks,
manuals, machines, compositions, methods, formulas, source and object codes, data, programs, patents, patent applications, know-how,
improvements, research projects, formats, discoveries, developments, designs, drawings, techniques, system documentation, special
hardware, related software development, computer software and programs, electronic codes; (ii) plans for research, development,
new products, marketing and selling, business and strategic plans, budgets and financial statements, licenses, prices and costs,
suppliers and customers; (iii) information concerning sales, sales volume, sales and marketing methods, financial performance,
sales proposals, identity of clients, kind of client purchases, sources of supply; (iv) any other confidential or proprietary information
belonging to or relating to the business affairs of the Company. The term Confidential Information is to be broadly defined and
construed to and for the benefit of the Company, and includes any and all information that has or could have commercial value or
other utility in the business in which the Company is engaged or contemplates engaging in, and all information of which the unauthorized
disclosure could be detrimental or adverse to the their interests.

 

5.3.          Exceptions. The term “Confidential Information” shall not include information that (i)
is or becomes known to the general public through no breach of an obligation of secrecy by the Consultant, (ii) is disclosed in
written form, under no obligation of secrecy, to the Consultant by another party having a legal right to disclose it; or (iii)
the Consultant is required to disclose, pursuant to the terms of a subpoena or other lawful process issued by a court or governmental
regulatory agency with jurisdiction over the Company, provided however, that the Consultant shall, to the extent practicable, give
timely notice to the Company of such required disclosure and shall disclose such information only to the extent required.

 

	6.	THE NATURE OF THE CONTRACTUAL RELATIONSHIP.

 

6.1.          The Consultant shall be an independent contractor in the performance of the Services hereunder. This Agreement shall
not be interpreted as creating an association, joint venture, or partnership relationship between the Parties or as imposing any
employment, or partnership obligation, or liability on any Party.

	7.	APPLICABLE LAW.

 

7.1.          This Agreement and the rights and obligations of the Parties hereunder shall be construed, enforced, governed in
accordance with the laws of the State of New York, without giving effect to conflict of law principles.

 

	8.	SUBMISSION TO JURISDICTION.

 

8.1.          Each
Party agrees that all legal proceedings concerning the interpretations and enforcement of this Agreement and the engagement contemplated
hereunder shall be commenced exclusively in the state and federal courts sitting in New York County. Each Party hereby irrevocably
submits to the exclusive jurisdiction of the courts of the State of New York located in New York County and the United States
District Court for the Southern District of New York for the adjudication of any dispute hereunder or in connection herewith.

 

    	 	4	 

     

    

 

	9.	MISCELLANEOUS.

 

9.1           This Agreement represents
the entire agreement between the Parties with respect to the subject matter hereof. This Agreement may be executed in any number
of counterparts and by different Parties hereto in separate counterparts, each of which when so executed and delivered shall be
deemed to be an original and when a counterpart has been executed by each of the Parties hereto, all of the counterparts, when
taken together, shall constitute one and the same agreement. This Agreement may not be modified or amended, and no breach shall
be deemed to be waived, unless agreed to in writing by the Parties.

  

SIGNATURE PAGE IMMEDIATELY
FOLLOWS

 

    	 	5	 

     

    

 

IN WITNESS WHEREOF, the Parties hereto
have caused this Agreement to be duly executed and delivered on and as of the Effective Date.

 

	On behalf of the Company:	 
	 	 	 
	EZTD, Inc.	 
	 	 	 
	By:	/s/ Shimon Citron	 
	Name: 	Shimon Citron	 
	Title: 	Chief Executive Officer	 
	 	 	 
	The Consultant:	 
	 	 	 
	JKM Management Ltd	 
	 	 	 
	By:	/s/ Ron Lubash	 
	Name:	Ron Lubash	 
	Title: 	 	 

 

 

6

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