Document:

Exhibit
10.1

 

ASSIGNMENT,
ASSUMPPTION AND AMENDMENT TO WARRANT AGREEMENT

 

THIS
ASSIGNMENT, ASSUMPTION AND AMENDMENT TO WARRANT AGREEMENT (this “Amendment”) is made as of [  ], 2022, by and among
Newsight Imaging Ltd., a company organized under the laws of the State of Israel (the “Company”), Vision Sensing Acquisition
Corp., a Delaware corporation (“SPAC”), and Continental Stock Transfer & Trust Company, a New York limited purpose
trust company, as warrant agent (the “Warrant Agent”).

 

RECITALS

 

WHEREAS,
SPAC and the Warrant Agent are parties to that certain Warrant Agreement, dated as of November 1, 2021, and filed with the United States
Securities and Exchange Commission (the “Commission”) on November 3, 2021 (the “Warrant Agreement”)
and capitalized terms used herein but not otherwise defined in this Amendment shall have the meaning ascribed to such terms in the Warrant
Agreement;

 

WHEREAS,
in connection with its initial public offering (the “Offering”), SPAC issued 472,700 Private Placement Units, which
included 354,525 redeemable Warrants (collectively, the “Private Placement Warrants”), to Vision Sensing LLC (the
“Sponsor”) to purchase shares of SPAC’s Class A common stock, par value $0.0001 per share (“Common
Stock”), at a purchase price of $10.00 per Private Placement Warrant, with each Private Placement Warrant being exercisable
for one share of Common Stock and with an exercise price of $11.50 per share during the five-year period beginning upon the later of
the consummation of SPAC’s initial business combination or 12 months from the closing of the Offering, which was on November 3,
2021;

 

WHEREAS,
also in connection with the Offering, SPAC issued 10,120,000 Public Units which included 7,590,000 redeemable Warrants (collectively,
the “Public Warrants” and together with the Private Placement Warrants and the Working Capital Warrants, if issued
upon conversion of the Working Capital Loan, the “Warrants”), to public investors to purchase shares of Common Stock,
with each Public Warrant being exercisable for one share of Common Stock and with an exercise price of $11.50 per share during the period
beginning upon the later of 30 days after consummation of SPAC’s initial business combination or 12 months from the closing of
the Offering, which was on November 3, 2021, and ending on the earlier of five years from the consummation of such business combination
or the Redemption Date;

 

WHEREAS,
the Warrant Agreement contemplates loans to the Company for working capital by the Sponsor or an affiliate of the Sponsor or certain
of the SPAC’s executive officers and directors of which up to $1,500,000 of such loans (the “Working Capital Loan”)
may be convertible into an additional 150,000 Units at a price of $10.00 per Unit which include an aggregate of 112,500 warrants (the
“Working Capital Warrants”) and the Sponsor has made such a convertible loan to the Company;

 

WHEREAS,
all of the Warrants are governed by the Warrant Agreement;

 

WHEREAS,
on August 30, 2022, SPAC entered into a Business Combination Agreement (the “Business Combination Agreement”) with
the Company and Newsight MergerSub, Inc., a Delaware corporation and a wholly-owned subsidiary of the Company (“Merger Sub”);

 

WHEREAS,
pursuant to the Business Combination Agreement, Merger Sub will merge with and into SPAC, with SPAC surviving such merger as a wholly-owned
subsidiary of the Company (the “Merger”) and, in the context of such Merger, all shares of Common Stock outstanding
immediately prior to the Effective Time (as defined in the Business Combination Agreement) shall automatically be canceled and shall
cease to exist by virtue of the Merger, in exchange for the right of the holder thereof to receive an equal number of the Company’s
ordinary shares, par value NIS 0.1 per share (“Company Ordinary Shares”);

 

    	 

     

    

 

WHEREAS,
pursuant to the Business Combination Agreement, among other matters: prior to consummation of the transactions contemplated thereby (the
“Closing”), the Company agreed to effect a recapitalization (the “Recapitalization”), where (I) it will effect
a stock split of the Company Ordinary Shares, on a ratio as provided for in the Business Combination Agreement (the “Split”);
(II) immediately following the Split, each then outstanding Company Ordinary Share shall, as a result of the Recapitalization, become
and be converted into such number of Company Ordinary Shares as is determined pursuant to the terms of the Business Combination;

 

WHEREAS,
upon consummation of the Merger, as provided in Section 4.4 of the Warrant Agreement, each of the issued and outstanding Warrants will
no longer be exercisable for shares of Common Stock but instead will be exercisable (subject to the terms and conditions of the Warrant
Agreement as amended hereby) for the same number of Company Ordinary Shares at the same exercise price per share;

 

WHEREAS,
the Company has filed with the Commission a registration statement on F-4, File No. 333-[ ] (“Form F-4”) for the registration,
under the Securities Act of 1933, as amended, of, among other securities, the Warrants and the Company Ordinary Shares issuable upon
exercise of the Warrants;

 

WHEREAS,
the board of directors of SPAC has determined that the consummation of the transactions contemplated by the Business Combination Agreement
will constitute a Business Combination (as defined in Section 3.2 of the Warrant Agreement);

 

WHEREAS,
in connection with the Merger, SPAC desires to assign all of its right, title and interest in the Warrant Agreement to the Company, and
the Company wishes to accept such assignment and assume all the liabilities and obligations of SPAC under the Warrant Agreement with
the same force and effect as if the Company were initially a party to the Warrant Agreement; and

 

WHEREAS,
Section 9.8 of the Warrant Agreement provides that SPAC and the Warrant Agent may amend the Warrant Agreement without the consent of
any Registered Holders to provide for adding or changing any provisions with respect to matters or questions arising under the Warrant
Agreement as the parties may deem necessary or desirable and that the parties deem shall not adversely affect the interest of the Registered
Holders.

 

NOW,
THEREFORE, in consideration of the foregoing and of the mutual covenants and agreements contained herein, the receipt and sufficiency
of which are hereby acknowledged, and intending to be legally bound, the parties hereto hereby agree as follows:

 

1.
Assignment and Assumption; Consent.

 

(a)
Assignment and Assumption. SPAC hereby assigns to the Company all of SPAC’s right, title and interest in and to the Warrant
Agreement and the Warrants (each as amended hereby) as of the Effective Time. The Company hereby assumes, and agrees to pay, perform,
satisfy and discharge in full, as the same become due, all of SPAC’s liabilities and obligations under the Warrant Agreement and
the Warrants (each as amended hereby) arising from and after the Effective Time with the same force and effect as if the Company were
initially a party to the Warrant Agreement.

 

(b)
Consent. The Warrant Agent hereby consents to the assignment of the Warrant Agreement and the Warrants by SPAC to the Company
and the assumption by the Company of the SPAC’s obligations under the Warrant Agreement pursuant to Section 1(a) hereof
effective as of the Effective Time, the assumption of the Warrant Agreement and Warrants by the Company from SPAC pursuant to Section
1(a) hereof effective as of the effective time of the Merger (the “Effective Time”), and to the continuation of
the Warrant Agreement and Warrants in full force and effect from and after the Effective Time, subject at all times to the Warrant Agreement
and Warrants (each as amended hereby) and to all of the provisions, covenants, agreements, terms and conditions of the Warrant Agreement
and this Amendment.

 

    	2

     

    

 

2.
Amendments to Warrant Agreement. The parties hereto hereby agree to the following amendments to the Warrant Agreement:

 

(a)
Defined Terms. The defined terms in this Amendment, including in the preamble and recitals hereto, and the definitions incorporated
by reference from the Business Combination Agreement, are hereby added to the Warrant Agreement as if they were set forth therein.

 

(b)
Preamble. The preamble of the Warrant Agreement is hereby amended by deleting “Vision Sensing Acquisition Corp., a Delaware
corporation” and replacing it with “Newsight Imaging Ltd., a company organized under the laws of the State of Israel”.
As a result thereof, all references to the “Company” in the Warrant Agreement shall be amended such that they refer to the
Company rather than SPAC.

 

(c)
Reference to Company Ordinary Shares. (i) All references to ““Common Stock” in the Warrant Agreement (including
all Exhibits thereto) shall mean “Company Ordinary Shares” and (ii) all references to “stockholders” shall mean
“shareholders.”

 

(d)
Notices. Section 9.2 of the Warrant Agreement is hereby amended to delete the address of the Company for notices under the Warrant
Agreement and instead add the following address for notices to Company:

 

	If
                                            to the Company to:

     

    Newsight
    Imaging Ltd.

    

    Golda
    Meir 3

    

    P.O.B
    4114 Ness Ziona

    

    Israel
    7414002.

    

    Attn:
    Eli Assoolin, Chief Executive Officer

    

    Email:
    eli@nstimg.com

    
	with
                                            a copy (which will not constitute notice) to:

     

    [Nelson
    Mullins Riley & Scarborough LLP

    

    2
    W. Washington Street,

    

    Suite
    400

    

    Greenville,
    South Carolina 29601

    

    Attn:
    Eric Graben, Esq.

    

    Email:
    eric.graben@nelsonmullins.com]

 

3.
Effectiveness. Notwithstanding anything to the contrary contained herein, this Amendment shall only become effective upon the
Closing. In the event that the Business Combination Agreement is terminated in accordance with its terms prior to the Closing, this Amendment
and all rights and obligations of the parties hereunder shall automatically terminate and be of no further force or effect.

 

4.
Miscellaneous. Except as expressly provided in this Amendment, all of the terms and provisions in the Warrant Agreement are and
shall remain in full force and effect, on the terms and subject to the conditions set forth therein. This Amendment does not constitute,
directly or by implication, an amendment or waiver of any provision of the Warrant Agreement, or any other right, remedy, power or privilege
of any party thereto, except as expressly set forth herein. Any reference to the Warrant Agreement in the Warrant Agreement or any other
agreement, document, instrument or certificate entered into or issued in connection therewith, shall hereinafter mean the Warrant Agreement
as the case may be, as amended by this Amendment (or as such agreement may be further amended or modified in accordance with the terms
thereof). The terms of this Amendment shall be governed by, enforced and construed and interpreted in a manner consistent with the provisions
of the Warrant Agreement, as it applies to the amendments to the Warrant Agreement herein, including, without limitation, Section 9 of
the Warrant Agreement.

 

[REMAINDER
OF PAGE INTENTIONALLY LEFT BLANK; SIGNATURE PAGES FOLLOW]

 

    	3

     

    

 

IN
WITNESS WHEREOF, each party hereto has caused this Assignment, Assumption and Amendment to Warrant Agreement to be signed and delivered
by its respective duly authorized officer as of the date first above written.

 

	 	SPAC:
	 	 	 
	 	VISION
    SENSING ACQUISITION CORP.
	 	 	                       
	 	By:	 
	 	Name:	 
	 	Title:	 

 

	 	The
                                            Company:
	 	 	 
	 	NEWSIGHT
                                            IMAGING LTD.
	 	 	                  
		By:	

                                            

	 	Name:	 
	 	Title:	 

 

	 	Warrant
                                            Agent:
	 	 	 
	 	CONTINENTAL
                                            STOCK TRANSFER & TRUST COMPANY
	 	 	                          
		By:	

                                            

	 	Name:	 
	 	Title:	 

 

[Signature
Page to Assignment, Assumption and Amendment to Warrant Agreement]

 

    	4Exhibit
10.2

 

FORM
OF LOCK-UP AGREEMENT

 

THIS
LOCK-UP AGREEMENT (this “Agreement”) is made and entered into as of August 30, 2022 by and between Newsight
Imaging Ltd., an Israeli company (the “Company”), Vision Sensing Acquisition Corp., a Delaware corporation
(“VSAC”), and the undersigned (“Holder”). Any capitalized term used but not defined
in this Agreement will have the meaning ascribed to such term in the Business Combination Agreement, as hereinafter defined.

 

WHEREAS,
on or about the date hereof, the Company, Newsight MergerSub, Inc., a Delaware corporation and wholly-owned subsidiary of the Company
(“Merger Sub”), and VSAC entered into that certain Business Combination Agreement (as amended from time to
time in accordance with the terms thereof, the “Business Combination Agreement”), pursuant to which, among
other things, following the consummation of the Recapitalization, Merger Sub shall, at the Effective Time, be merged with and into VSAC,
which shall continue as a wholly owned subsidiary of the Company, and, in connection therewith, each share of VSAC Common Stock (including
shares of VSAC Class B Stock held by Sponsor) issued and outstanding immediately prior to the Effective Time shall no longer be outstanding
and shall automatically be cancelled in exchange for the right of the holder thereof to receive an equal number of Company Ordinary Shares,
all upon the terms and subject to the conditions set forth in the Business Combination Agreement and in accordance with the provisions
of applicable law. Capitalized terms used but not defined herein shall have the meanings ascribed thereto in the Business Combination
Agreement;

 

WHEREAS,
as of the date hereof, Holder is a holder of the Company Ordinary Shares and/or Outstanding Company Options in such amounts and classes
or series as set forth underneath Holder’s name on the signature page hereto; and

 

WHEREAS,
pursuant to the Business Combination Agreement, and in view of the valuable consideration or benefits to be received by Holder by virtue
thereof or thereunder, the parties desire to enter into this Agreement, pursuant to which all Company Ordinary Shares and Outstanding
Company Options held by Holder (after giving effect to the Recapitalization), including its right to any Company Ordinary Shares underlying
the Outstanding Company Options (all such securities, together with any securities paid as dividends or distributions with respect to
such securities or into which such securities are exchanged or converted, the “Restricted Securities”), shall
become subject to limitations on disposition as set forth herein.

 

    	 

    	 

    

 

NOW,
THEREFORE, in consideration of the premises set forth above, which are incorporated in this Agreement as if fully set forth below,
and intending to be legally bound hereby, the parties hereby agree as follows:

 

1.
Lock-Up Provisions.

 

(a) Holder
hereby agrees not to, during the period (the “Lock-Up Period”) commencing on the date of the Closing and ending
on the earlier of (x) the date that is 180 days after the date of the Closing, (y) the date on which the closing price of the Company
Ordinary Shares equals or exceeds $14.00 per share (as adjusted for stock splits, stock dividends, reorganizations, recapitalizations
and the like) for any twenty (20) trading days within any thirty (30) trading day period, and (z) the date after the Closing on which
the Company consummates a liquidation, merger, capital stock exchange, reorganization or other similar transaction that results in all
of the Company’s stockholders having the right to exchange their Company Ordinary Shares for cash, securities or other property:
(i) lend, offer, pledge, hypothecate, encumber, donate, assign, sell, contract to sell, sell any option or contract to purchase, purchase
any option or contract to sell, grant any option, right or warrant to purchase, or otherwise transfer or dispose of, directly or indirectly,
any Restricted Securities, (ii) enter into any swap or other arrangement that transfers to another, in whole or in part, any of the economic
consequences of ownership of the Restricted Securities, or (iii) publicly disclose the intention to do any of the foregoing, whether
any such transaction described in clauses (i), (ii) or (iii) above is to be settled by delivery of Restricted Securities or other securities,
in cash or otherwise (any of the foregoing described in clauses (i), (ii) or (iii), a “Prohibited Transfer”).
The foregoing sentence shall not apply to the transfer of any or all of the Restricted Securities owned by Holder (I) by gift, will or
intestate succession upon the death of Holder, (II) to any Permitted Transferee (as defined below), (III) pursuant to a court order or
settlement agreement related to the distribution of assets in connection with the dissolution of marriage or civil union, [(IV) up to
5% of the otherwise Restricted Securities held by Holder]1; provided, however, that in any of cases (I), (II) (other than
clauses (G) or (I) of the definition of “Permitted Transferee”) or (III) it shall be a condition to such transfer that the
transferee executes and delivers to the Company an agreement stating that the transferee is receiving and holding the Restricted Securities
subject to the provisions of this Agreement applicable to Holder, and there shall be no further transfer of such Restricted Securities
except in accordance with this Agreement. [For the avoidance of doubt, any securities described in clause (IV) above shall not be deemed
to be Restricted Securities and shall not be subject to the provisions of this Agreement and the provisions of the immediately preceding
proviso shall not apply to a transfer pursuant to clause (IV) above.]2 As used in this Agreement, the term “Permitted
Transferee” shall mean: (A) the members of Holder’s immediate family (for purposes of this Agreement, “immediate
family” shall mean with respect to any natural person, any of the following: such person’s spouse, the siblings of such person
and his or her spouse, and the direct descendants and ascendants (including adopted and step children and parents) of such person and
his or her spouses and siblings), (B) any trust for the direct or indirect benefit of Holder or the immediate family of Holder, (C) if
Holder is a trust, the trustor or beneficiary of such trust or to the estate of a beneficiary of such trust, (D) if Holder is an entity,
as a distribution to limited partners, shareholders, members of, or owners of similar equity interests in Holder upon the liquidation
and dissolution of Holder, (E) any Affiliate of Holder, (F) pursuant to an order or decree of a governmental entity, (G) from an executive
officer to the Company or its subsidiary or parent entities upon death, disability or termination of employment, in each case, of such
executive officer, (H) transfers pursuant to a bona fide third-party tender offer, merger, consolidation or other similar transaction
made to all holders of the Company’s capital stock involving a change of control of the Company, subject to any requisite approvals
for the change of control needed from the Company’s board of directors or holders and provided that (i) in the event that after
such tender offer, merger, consolidation or other similar transaction, any Restricted Securities are not transferred, sold or tendered,
such Restricted Securities held by the undersigned shall remain subject to the provisions hereof, and (ii) in the event that such tender
offer, merger, consolidation or other such transaction is not completed, the ADSs, Ordinary Shares or other Related Securities held by
the undersigned shall remain subject to the provisions hereof and (I) to the Company (1) pursuant to the exercise, in each case on a
“cashless” or “net exercise” basis, of any option to purchase shares granted by the Company pursuant to any employee
benefit plans or arrangements which are set to expire during the Lock-Up Period, where any shares received by the undersigned upon any
such exercise will be subject to the terms of this Agreement, or (2) for the purpose of satisfying any withholding taxes (including estimated
taxes) due as a result of the exercise of any option to purchase shares or the vesting of any award granted by the Company pursuant to
employee benefit plans or arrangements which are set to expire or automatically vest during the Lock-Up Period, in each case on a “cashless”
or “net exercise” basis. Holder further agrees to execute such agreements as may be reasonably requested by the Company that
are consistent with the foregoing or that are necessary to give further effect thereto.

 

(b) If
any Prohibited Transfer is made or attempted contrary to the provisions of this Agreement, such purported Prohibited Transfer shall be
null and void ab initio, and the Company shall refuse to recognize any such purported transferee of the Restricted Securities as one
of its equity holders for any purpose. In order to enforce this Section 1, the Company may impose stop-transfer instructions with
respect to the Restricted Securities of Holder (and Permitted Transferees and assigns thereof) until the end of the Lock-Up Period.

 

 

1
NTD: To be included for certain holders.

2
NTD: To be included for certain holders.

 

    	2

    	 

    

 

(c) During
the Lock-Up Period each certificate evidencing any Restricted Securities shall be stamped or otherwise imprinted with a legend in substantially
the following form, in addition to any other applicable legends:

 

“THE
SECURITIES REPRESENTED BY THIS CERTIFICATE ARE SUBJECT TO RESTRICTIONS ON TRANSFER SET FORTH IN A LOCK-UP AGREEMENT, DATED AS OF [___],
2022, BY AND AMONG NEWSIGHT IMAGING LTD. (THE “ISSUER”), VISION SENSING ACQUISITION CORP., AND THE ISSUER’S SECURITY
HOLDER NAMED THEREIN INCLUDING THE REGISTERED OWNER OF THE SHARES REPRESENTED BY THE CERTIFICATE, AS AMENDED. A COPY OF SUCH LOCK-UP
AGREEMENT WILL BE FURNISHED WITHOUT CHARGE BY THE ISSUER TO THE HOLDER HEREOF UPON WRITTEN REQUEST.”

 

(d)
For the avoidance of any doubt, Holder shall retain all of its rights as a stockholder of the Company during the Lock-Up Period, including
the right to vote any Restricted Securities.

 

2.
Miscellaneous.

 

(a) Termination
of Business Combination Agreement. This Agreement shall be binding upon Holder upon Holder’s execution and delivery
of this Agreement, but this Agreement shall only become effective upon the Closing. Notwithstanding anything to the contrary contained
herein, in the event that the Business Combination Agreement is terminated in accordance with its terms prior to the Closing, this Agreement
and all rights and obligations of the parties hereunder shall automatically terminate and be of no further force or effect.

 

(b) 
Binding Effect; Assignment. This Agreement and all of the provisions hereof shall be binding upon and inure to the benefit of
the parties hereto and their respective permitted successors and assigns. This Agreement and all obligations of Holder are personal to
Holder and may not be transferred or delegated by Holder at any time, except as expressly permitted under Section 1 above. The Company
may freely assign any or all of its rights under this Agreement, in whole or in part, to any successor entity (whether by merger, consolidation,
equity sale, asset sale or otherwise) without obtaining the consent or approval of Holder.

 

(c) 
Third Parties. Nothing contained in this Agreement or in any instrument or document executed by any party in connection with the
transactions contemplated hereby shall create any rights in, or be deemed to have been executed for the benefit of, any person or entity
that is not a party hereto or thereto or a successor or permitted assign of such a party.

 

(d) 
Governing Law; Jurisdiction. This Agreement and any dispute or controversy arising out of or relating to this Agreement
shall be governed by and construed in accordance with the laws of the State of New York, without regard to the conflict of law principles
thereof. All Actions arising out of or relating to this Agreement shall be heard and determined exclusively in any state or federal court
located in the Southern District of New York, New York (or in any appellate courts thereof) (the “Specified Courts”).
Each party hereto hereby (i) submits to the exclusive jurisdiction of any Specified Court for the purpose of any Action arising out of
or relating to this Agreement brought by any party hereto and (ii) irrevocably waives, and agrees not to assert by way of motion, defense
or otherwise, in any such Action, any claim that it is not subject personally to the jurisdiction of the above-named courts, that its
property is exempt or immune from attachment or execution, that the Action is brought in an inconvenient forum, that the venue of the
Action is improper, or that this Agreement or the transactions contemplated hereby may not be enforced in or by any Specified Court.
Each party agrees that a final judgment in any Action shall be conclusive and may be enforced in other jurisdictions by suit on the judgment
or in any other manner provided by Law. Each party irrevocably consents to the service of the summons and complaint and any other process
in any other action or proceeding relating to the transactions contemplated by this Agreement, on behalf of itself, or its property,
by personal delivery of copies of such process to such party at the applicable address set forth in Section 2(g). Nothing in this
Section 2(d) shall affect the right of any party to serve legal process in any other manner permitted by applicable law.

 

    	3

    	 

    

 

(e) 
WAIVER OF JURY TRIAL. EACH OF THE PARTIES HERETO HEREBY WAIVES TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW ANY RIGHT IT
MAY HAVE TO A TRIAL BY JURY WITH RESPECT TO ANY ACTION DIRECTLY OR INDIRECTLY ARISING OUT OF, UNDER OR IN CONNECTION WITH THIS AGREEMENT
OR THE TRANSACTIONS CONTEMPLATED HEREBY. EACH PARTY HERETO (i) CERTIFIES THAT NO REPRESENTATIVE OF ANY OTHER PARTY HAS REPRESENTED, EXPRESSLY
OR OTHERWISE, THAT SUCH OTHER PARTY WOULD NOT, IN THE EVENT OF ANY ACTION, SEEK TO ENFORCE THAT FOREGOING WAIVER AND (ii) ACKNOWLEDGES
THAT IT AND THE OTHER PARTIES HERETO HAVE BEEN INDUCED TO ENTER INTO THIS AGREEMENT BY, AMONG OTHER THINGS, THE MUTUAL WAIVERS AND CERTIFICATIONS
IN THIS SECTION 2(e).

 

(f) 
Interpretation. The titles and subtitles used in this Agreement are for convenience only and are not to be considered in construing
or interpreting this Agreement. In this Agreement, unless the context otherwise requires: (i) any pronoun used in this Agreement shall
include the corresponding masculine, feminine or neuter forms, and the singular form of nouns, pronouns and verbs shall include the plural
and vice versa; (ii) “including” (and with correlative meaning “include”) means including without limiting the
generality of any description preceding or succeeding such term and shall be deemed in each case to be followed by the words “without
limitation”; (iii) the words “herein,” “hereto,” and “hereby” and other words of similar import
shall be deemed in each case to refer to this Agreement as a whole and not to any particular section or other subdivision of this Agreement;
and (iv) the term “or” means “and/or”. The parties have participated jointly in the negotiation and drafting
of this Agreement. Consequently, in the event an ambiguity or question of intent or interpretation arises, this Agreement shall be construed
as if drafted jointly by the parties hereto, and no presumption or burden of proof shall arise favoring or disfavoring any party by virtue
of the authorship of any provision of this Agreement.

 

(g) 
Notices. All notices, consents, waivers and other communications hereunder shall be in writing and shall be deemed to have been
duly given when delivered (i) in person, (ii) by facsimile (if a facsimile number is given) email or other electronic means, with affirmative
confirmation of receipt, (iii) two (2) Business Days after being sent, if sent by reputable, internationally recognized overnight courier
service that provides evidence of delivery or attempted delivery or (iv) four (4) Business Days after being mailed, if sent by registered
or certified mail, pre-paid and return receipt requested, in each case to the applicable party at the following addresses (or at such
other address for a party as shall be specified by like notice):

 

	 

                                                                                                                                                                                 If
    to the Company:

     

    Newsight
    Imaging Ltd.

    Golda
    Meir 3

    P.O.B
    4114 Ness Ziona

    Israel
    7414002.

    Attn:
    Eli Assoolin, Chief Executive Officer

    Email:
    eli@nstimg.com
	 

                                                                                                                                                                                 with
    a copy (which will not constitute notice) to:

     

    Attn:
    Barry I. Grossman, Esq.

    Jonathan
    Cramer, Esq.

    Facsimile
    No.: (212) 370-7889

    Telephone
    No.: (212) 370-1300

    Email:
    bigrossman@egsllp.com

    jcramer@egsllp.com

     

    Gross
    & Co.

    One
    Azrieli Center

    Tel
    Aviv 67021, Israel

    Attn.:
    Shlomo Farkas

    Email:
    shlomo@gkh-law.com

     

 

    	4

    	 

    

 

	 

                                                                                                                                                                             If
    to VSAC:

     

    Vision
    Sensing Acquisition Corp.

    Suite
    500, 78 SW 7th Street

    Miami,
    Florida 33130.

    Attn:
    George Peter Sobek, Chairman and Chief

    Executive
    Officer

    Telephone
    No.: (786) 633-2520

    Email:
    georgesobek@hotmail.co.uk
	 

                                                                                                                                                                             with
    a copy (which shall not constitute notice) to:

     

    Nelson
    Mullins Riley & Scarborough LLP

    101
    Constitution Avenue, NW. Suite 900

    Washington,
    D.C. 20001

    Attn:
    Andrew M. Tucker

    Telephone
    No.: (202) 689-2800

    Email:
    andy.tucker@nelsonmullins.com

     

    Goldfarb
    Seligman & Co., Law Offices

    Ampa
    Tower

    98
    Yigal Alon Street

    Tel
    Aviv 67891, Israel

    Attn.:
    Ido Zemach

    Email:
    ido.zemach@goldfarb.com

     

 

If
to Holder, to: the address set forth below Holder’s name on the signature page to this Agreement.

 

(d) Amendments
and Waivers. Any term of this Agreement may be amended and the observance of any term of this Agreement may be waived (either generally
or in a particular instance, and either retroactively or prospectively) only with the written consent of (i) the Company’s board
of directors, (ii) a majority of the Disinterested Independent Directors (as defined below), (iii) VSAC and (iv) Holder. For purposes
of this Agreement, a “Disinterested Independent Director” means an independent director (as defined under Nasdaq
rules) serving on the Company’s board of directors at the applicable time of determination and that is otherwise disinterested
in this Agreement (i.e., such independent director is not a pre-Closing Company shareholder, an Affiliate of a pre-Closing Company shareholder,
or an officer, director, manager, employee, trustee or beneficiary of a pre-Closing Company shareholder or its Affiliate, nor an immediate
family member of any of the foregoing). Without limiting the foregoing, in the event that a pre-Closing Company shareholder or its Affiliate
serves as a director, officer, employee or other authorized agent of the Company, the pre-Closing Company shareholder or its Affiliate
shall have no authority, express or implied, to act or make any determination on behalf of the Company in connection with this Agreement
or any dispute, action or legal proceeding respect hereto. No failure or delay by a party in exercising any right hereunder shall operate
as a waiver thereof. No waivers of or exceptions to any term, condition, or provision of this Agreement, in any one or more instances,
shall be deemed to be or construed as a further or continuing waiver of any such term, condition, or provision.

 

(e) Severability.
In case any provision in this Agreement shall be held invalid, illegal or unenforceable in a jurisdiction, such provision shall be modified
or deleted, as to the jurisdiction involved, only to the extent necessary to render the same valid, legal and enforceable, and the validity,
legality and enforceability of the remaining provisions hereof shall not in any way be affected or impaired thereby nor shall the validity,
legality or enforceability of such provision be affected thereby in any other jurisdiction. Upon such determination that any term or
other provision is invalid, illegal or incapable of being enforced, the parties will substitute for any invalid, illegal or unenforceable
provision a suitable and equitable provision that carries out, so far as may be valid, legal and enforceable, the intent and purpose
of such invalid, illegal or unenforceable provision.

 

(f) Specific
Performance. Holder acknowledges that its obligations under this Agreement are unique, recognizes and affirms that in the event of
a breach of this Agreement by Holder, money damages will be inadequate and the Company and VSAC will have no adequate remedy at law,
and agrees that irreparable damage would occur in the event that any of the provisions of this Agreement were not performed by Holder
in accordance with their specific terms or were otherwise breached. Accordingly, each of the Company and VSAC shall be entitled to an
injunction or restraining order to prevent breaches of this Agreement by Holder and to enforce specifically the terms and provisions
hereof, without the requirement to post any bond or other security or to prove that money damages would be inadequate, this being in
addition to any other right or remedy to which such party may be entitled under this Agreement, at law or in equity.

 

    	5

    	 

    

 

(g) Entire
Agreement. This Agreement constitutes the full and entire understanding and agreement among the parties with respect to the
subject matter hereof, and any other written or oral agreement relating to the subject matter hereof existing between the parties is
expressly canceled; provided, that, for the avoidance of doubt, the foregoing shall not affect the rights and obligations of the
parties under the Business Combination Agreement or any Ancillary Document. Notwithstanding the foregoing, nothing in this Agreement
shall limit any of the rights or remedies of the Company or VSAC or any of the obligations of Holder under any other agreement between
Holder and the Company or VSAC or any certificate or instrument executed by Holder in favor of the Company or VSAC, and nothing in any
other agreement, certificate or instrument shall limit any of the rights or remedies of the Company or VSAC or any of the obligations
of Holder under this Agreement.

 

(h) Further
Assurances. From time to time, at another party’s request and without further consideration (but at the requesting party’s
reasonable cost and expense), each party shall execute and deliver such additional documents and take all such further action as may
be reasonably necessary to consummate the transactions contemplated by this Agreement.

 

(i) Counterparts.
This Agreement may also be executed and delivered by electronic means, including docusign, email or scanned pages or in portable
document format, in one or more counterparts, each of which shall be deemed an original, but all of which together shall constitute one
and the same instrument.

 

{Remainder
of Page Intentionally Left Blank; Signature Pages Follow}

 

    	6

    	 

    

 

IN
WITNESS WHEREOF, the parties have executed this Lock-Up Agreement as of the date first written above.

 

	 	Company:
	 	 
	 	NEWSIGHT IMAGING LTD.
	 	 
	 	By:	/s/ Eli Assoolin
	 	Name:	Eli Assoolin
	 	Title:	Chief Executive Officer
	 	 
	 	VSAC:
	 	 
	 	VISION SENSING ACQUISITION CORP.
	 	 
	 	By:	/s/ George Sobek
	 	Name:	George Sobek
	 	Title:	Chief Executive Officer

 

{Additional
Signature on the Following Page} 

 

{Signature
Page to Lock-Up Agreement}

 

    	 

    	 

    

 

IN
WITNESS WHEREOF, the parties have executed this Lock-Up Agreement as of the date first written above.

 

Holder:

 

Name
of Holder: [ /s/ Shareholder                        
] [See Schedule A] 

 

By:

Name:

Title:

 

Number
of Company Ordinary Shares: ________________________

 

Number
of Company Ordinary Shares Underlying Outstanding Company Options: _________________________

 

Address
for Notice:

 

Address:

 

____________________________________________

 

____________________________________________

 

Facsimile
No.:_________________________________

 

Telephone
No.:________________________________

 

Email:________________________________________:

 

{Signature
Page to Lock-Up Agreement}

 

 Schedule
A: This is the Form of Lock-Up Agreement executed by Vision Sensing Acquisition Corp., Newsight Imaging Ltd. and each of the following
shareholders of Newsight Imaging Ltd.: Eli Assoolin (its Chief Executive Officer and one of its directors), Eyal Yatskan (its Chief Technology
Officer and one of its directors), Dr. Li Likai (one of its directors), Zhao Xuemin (one of its directors), Dr. Bai Song (one of its
directors), Dr. George So (one of its directors), Beny Bar (its Chief Operating Officer), Yaron Cohen (its Chief Financial Officer),
Ningbo Infore Science and Technology Industry Investment Partnership, Zhuhai Zhongyi Yingfei New Industry Investment Fund (Limited Partnership)
and Innovative Thinker HK Ltd. Each of the foregoing shareholders executed substantially identical forms of this document on the
date thereof.

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