Document:

EX-10.6

 Exhibit 10.6 

EXECUTION COPY 
 AGREEMENT

 This Agreement, dated 5:00 p.m, New York City time, on January 28, 2016 (this “Agreement”), is by and among the
persons and entities listed on Schedule A hereto (collectively, the “Icahn Group”, and individually a “member” of the Icahn Group) and Xerox Corporation (the “Company”). 

In consideration of and reliance upon the mutual covenants and agreements contained herein, and for other good and valuable consideration, the
receipt and sufficiency of which is hereby acknowledged, the parties hereto agree as follows: 
  

	1.	SpinCo Matters. 

  

	(a)	Substantially concurrently with the announcement of this Agreement, the Company shall announce its intention to consummate a transaction (the “Separation”, and the effective time of the Separation, the
“Separation Effective Time”) pursuant to which the Company’s business processing outsourcing business (“SpinCo”) shall be separated from the Company’s document technology business into its own publicly
traded company. 

  

	(b)	Unless the Separation Effective Time shall have occurred by December 31, 2016, the Company shall call its 2017 annual meeting of the Company’s shareholders to be held no later than March 31, 2017, at which meeting
any shareholder of the Company that has delivered written notice to the Company on or prior to January 31, 2017 (which notice shall contain the information required by the second paragraph of Article I, Section 6 of the Company’s bylaws, as in
effect as of the date hereof) shall be permitted to nominate directors of the Company and/or propose other business; it being understood and agreed that such meeting shall not be required to be held by such date if the Separation Effective Time
shall have occurred at or prior to 11:59 p.m. New York City time on March 30, 2017. 

  

	(c)	 The initial board of directors of SpinCo (the “SpinCo Board”) shall be comprised of nine (9)
members, who shall be selected as follows: (i) two (2) members selected by the current board of directors of the Company (the “Current Board”), who may, but shall not be required to be, members of the Current Board; (ii) three (3)
members selected by the Icahn Group (the “Icahn Designees”), who may, but shall not be required to be, employees or affiliates of the Icahn Group, that are approved by the Current Board (such approval not to be unreasonably
withheld, conditioned or delayed), provided that, if either such member is employed by Icahn Enterprises L.P. or Icahn Capital LP and listed on Schedule B hereto, the selection of such member shall not be subject to approval by the Current
Board; and (iii) four (4) members 

	 	
selected by the Current Board, one (1) of whom is approved by the Icahn Group (such approval not to be unreasonably withheld, conditioned or delayed) and one (1) other of whom shall be the new
Chief Executive Officer of SpinCo; it being understood and agreed that the SpinCo Board shall have no more than (x) two (2) members who are current or former directors, officers or employees of the Company or any affiliate of the Company and (y)
three (3) members that are employees or affiliates of the Icahn Group. Should any of the Icahn Designees resign from the SpinCo Board or be rendered unable to, or refuse to be appointed to, or for any other reason fail to serve on or is not serving
on, the SpinCo Board (other than due to the termination of the obligations to nominate and/or appoint under this Agreement), the Icahn Group shall be entitled to designate, and the Company or SpinCo, as applicable, shall cause to be appointed as a
member of the SpinCo Board, a replacement (a “Replacement Designee”) that is approved by the Company or SpinCo, as applicable, such approval not to be unreasonably withheld, conditioned or delayed (an “Acceptable Replacement
Designee”) (and if such proposed Replacement Designee is not an Acceptable Replacement Designee, the Icahn Group shall be entitled to continue designating a Replacement Designee until such proposed Replacement Designee is an Acceptable
Replacement Designee). Any such Replacement Designee who becomes a SpinCo Board member in replacement of an Icahn Designee shall be deemed to be an Icahn Designee for all purposes under this Agreement. 

 

	(d)	The Company shall engage a nationally recognized search firm to find a new Chief Executive Officer for SpinCo, who shall: (i) be hired at or prior to the Separation Effective Time; (ii) not be a current or former
director, officer or employee of the Company or any affiliate of the Company; and (iii) be selected by the Current Board. In connection therewith, the Current Board will form a new committee of the Board (the “CEO Search
Committee”), which will be responsible for running the process for the selection of the new Chief Executive Officer of SpinCo. 

Subject to the Icahn Group’s compliance with the Confidentiality Agreement (as defined below), for so long as the Icahn Group has Beneficial Ownership of
at least 4.9% of the outstanding Voting Securities (as defined below) of the Company, a person selected by the Icahn Group (the “Observer”), which such person shall be Jonathan Christodoro, shall receive copies of all documents
distributed to the CEO Search Committee, including notice of all meetings of the CEO Search Committee, all written consents executed by the CEO Search Committee and all materials prepared for consideration at any meeting of the CEO Search Committee,
and shall be permitted to attend, but not vote, at all meetings (whether such meetings are held in person or telephonically or otherwise) of the CEO Search Committee; provided 

  
 2 

 
that if Jonathan Christodoro resigns or withdraws as the Observer or is rendered unable to, or refuses to, serve as the Observer (other than due to the termination of the obligations of the
Company under this Agreement), the Icahn Group shall be entitled to designate, a replacement observer (a “Replacement Observer”) that is approved by the Company, such approval not to be unreasonably withheld, conditioned or delayed
(an “Acceptable Replacement Observer”) (and if such proposed designee is not an Acceptable Replacement Observer, the Icahn Group shall be entitled to continue designating a Replacement Observer until such proposed designee is an
Acceptable Replacement Observer). Any such Replacement Observer who becomes an Acceptable Replacement Observer shall be deemed to be the Observer for all purposes under this Agreement. 

The Company acknowledges that the Observer desires to have conversations with members of the CEO Search Committee regarding the selection of the new Chief
Executive Officer of SpinCo. The Company and the Current Board shall not take any actions to limit such dialogue or restrict members of the CEO Search Committee from speaking to the Observer (or suggest that members of the CEO Search Committee not
do so). In the event the process for the selection of the new Chief Executive Officer of SpinCo is conducted by the Current Board or any committee thereof instead of the CEO Search Committee, the Observer shall be entitled to the same observer
rights on the Current Board or such committee thereof, solely with respect to matters pertaining to the selection of the new Chief Executive Officer of SpinCo, as the Observer is entitled to under this Section 1(h) with respect to the CEO Search
Committee. 
  

	(e)	If, immediately prior to the Separation Effective Time, the Icahn Group has Beneficial Ownership of at least 4.9% of the outstanding Voting Securities (as defined below) of the Company and the Icahn Group has not
materially breached this Agreement and failed to cure such material breach within five business days of written notice from the Company specifying any such material breach, the Company will take such action (if it has not previously so acted), and
after the Separation Effective Time, SpinCo will take such action (if it has not previously so acted), in each case as necessary to provide that, from and after the Separation Effective Time until otherwise approved by a majority vote of the
stockholders of SpinCo or in the case of clauses (iv) through (x) until the Icahn Group no longer has Beneficial Ownership of at least 4.9% of the outstanding Voting Securities of SpinCo: 

  
 3 

	(i)	the SpinCo Board shall be annually elected (i.e., not a “staggered” board); 

  

	(ii)	SpinCo will not have a Rights Plan (as defined below) at or immediately following the Separation Effective Time; 

  

	(iii)	any Rights Plan adopted by the SpinCo Board after the Separation Effective Time not ratified by stockholders within one hundred thirty-five (135) days of its taking effect, shall automatically expire; 

 

	(iv)	the provisions of SpinCo’s certificate of incorporation (the “SpinCo Charter”) and/or the bylaws of SpinCo (the “SpinCo Bylaws”) (but if only in the SpinCo Bylaws, then the
provision granting stockholders such right to call special meetings may not be amended without a stockholder vote or restricted in the SpinCo Charter) shall require the SpinCo Board to call a special meeting of stockholders at the request of
stockholders who own not less than 20% of the outstanding shares of common stock of SpinCo (the “SpinCo Shares”) and meet reasonable requirements specified therein (including advance notice, required disclosures, permitted matters
and other terms, but excluding any length of ownership or similar holding period requirements); provided that (X) until such time after the Separation Effective Time that a single person or entity (or “group” of persons or
entities who have filed as a “group” as defined under Section 13(d) of the Securities Exchange Act of 1934, as amended (the “Exchange Act”) with respect to their ownership in SpinCo) owns at least a majority of
the outstanding stock of SpinCo, business at stockholder-requested special meetings shall not be authorized to include the removal of directors or the election of directors, which matters shall only be taken by the stockholders at an annual meeting
or at a special meeting called by the SpinCo Board and (Y) following such time after the Separation Effective Time that a single person or entity (or “group” of persons or entities who have filed as a “group” as defined
under Section 13(d) of the Exchange Act with respect to their ownership in SpinCo) owns at least a majority of the outstanding stock of SpinCo, stockholders of SpinCo shall have the power to remove (without cause) and replace directors at
a special meeting and such removal (without cause) and replacement of directors shall not require a vote of more than a majority of shares present and voted at such meeting; 

 

	(v)	neither the SpinCo Charter nor the SpinCo Bylaws shall impose minimum voting requirements for which matters subject to a stockholder vote are 

  
 4 

	 	deemed approved greater than requiring approval from a majority of the outstanding SpinCo Shares, except as required by law; 

  

	(vi)	SpinCo will schedule its first annual meeting of stockholders following the Separation Effective Time no later than the twelve-month anniversary of the Separation Effective Time; 

 

	(vii)	SpinCo shall have elected not to be governed by Section 912 of the New York Business Corporation Law; 

  

	(viii)	SpinCo shall not adopt or approve change-of-control provisions in plans benefiting or agreements with directors, officers or employees (including equity plans and change-of-control severance agreements) with ownership
triggers below 50%; 

  

	(ix)	if SpinCo receives a bona fide, binding premium offer from a third party (the “Initial Party”) to acquire all of the outstanding SpinCo Shares and rejects that offer in favor of an offer from another
party (the “Other Party”) that the SpinCo Board deems superior, and if SpinCo engages in substantive negotiations with such Other Party and provides material non-public information to it and the Initial Party then makes a
“topping” bona fide, binding premium bid that is superior to the Other Party’s offer and requests non-public information from SpinCo, SpinCo will, subject to fiduciary duties and compliance with contractual arrangements, enter into a
confidentiality agreement (on terms no less favorable to the Company than entered into with the Other Party) with the Initial Party that would enable non-competitively sensitive non-public information to be shared with such party; and

  

	(x)	SpinCo shall be a corporation incorporated under the laws of the State of New York. 

 The term “Rights
Plan” shall mean any plan or arrangement of the sort commonly referred to as a “rights plan” or “stockholder rights plan” or “shareholder rights plan” or “poison pill” that is designed to increase the
cost to a potential acquirer of exceeding the applicable ownership thresholds through the issuance of new rights, common stock or preferred shares (or any other security or device that may be issued to stockholders of SpinCo other than ratably to
all stockholders of SpinCo) that carry severe redemption provisions, favorable purchase provisions or otherwise, and any related rights agreement that effectuates the Rights Plan. 

  
 5 

	(f)	So long as an Icahn Designee is a member of the SpinCo Board: (1) the SpinCo Board will not (or if prior to the Separation Effective Time, the Company shall not permit the SpinCo Board to) form an executive committee of
the SpinCo Board or any other committee of the SpinCo Board with functions similar to those customarily granted to an executive committee unless, in each case, one of the Icahn Designees is a member (if the committee has more than 4 members then no
less than two (2) Icahn Designees shall be appointed members thereof); and (2) all SpinCo Board consideration of, and voting with respect to, any tender offer or exchange offer, merger, acquisition, business combination, reorganization,
restructuring, recapitalization, sale or acquisition of material assets, liquidation or dissolution, in each case involving SpinCo or any of its Subsidiaries or its or their securities or a material amount of the assets or businesses of SpinCo or
any of its Subsidiaries, and any material financing transactions and appointment and employment of executive officers, will take place only at the full SpinCo Board level or in committees of which one of the Icahn Designees is a member (if the
applicable committee has more than 4 members then no less than two (2) Icahn Designees shall be appointed members thereof). 

  

	(g)	From and after the Separation Effective Time, so long as an Icahn Designee is on the SpinCo Board, SpinCo shall notify the Icahn Group in writing no less than 45 calendar days before the advance notice deadline set
forth in the SpinCo Bylaws which Icahn Designees, if any, are to be nominated by SpinCo for election as a director at such meeting. If the Icahn Group is notified by SpinCo that any of the Icahn Designees are to be nominated, SpinCo shall use its
reasonable best efforts to cause the election of such Icahn Designees to the SpinCo Board at such meeting (including listing such Icahn Designees in the proxy statement and proxy card prepared, filed and delivered in connection with such meeting and
recommending that SpinCo’s stockholders vote in favor of the election of each of such Icahn Designees (along with all other SpinCo nominees) and otherwise supporting him or her for election in a manner no less rigorous and favorable than the
manner in which SpinCo supports its other nominees in the aggregate). The Icahn Group agrees to provide, or cause to be provided, to the Company or SpinCo, as applicable, such information as is required to be disclosed in proxy statements under
applicable law or is otherwise necessary for appointment of the Icahn Designees to the SpinCo Board or inclusion of any Icahn Designees on a slate of directors, as applicable. 

 

	(h)	Prior to the Separation Effective Time, the Company shall cause SpinCo to execute and deliver to the Icahn Group a joinder agreement in the form attached hereto as Exhibit A. Effective upon
SpinCo’s execution and delivery of such joinder agreement, SpinCo shall have no liability with respect to the covenants and 

  
 6 

	 	
agreements (or liabilities) of the Company contained herein and the Company shall have no liability with respect to the covenants and agreements (or liabilities) of SpinCo contained herein.

  

	2.	SpinCo Standstill. No member of the Icahn Group shall, directly or indirectly, from the Separation Effective Time to the date that no Icahn Designee serves on the SpinCo Board (such period, the “SpinCo
Standstill Period”), with respect to SpinCo and its controlled Affiliates which are not publicly traded entities (which shall not include, for the avoidance of doubt, the Company), so long as SpinCo has not materially breached this
Agreement and failed to cure such breach within five business days of written notice from the Icahn Group specifying any such breach: 

  

	(a)	solicit proxies or written consents of stockholders or conduct any other type of referendum (binding or non-binding) with respect to, or from the holders of, the Voting Securities of SpinCo, or become a
“participant” (as such term is defined in Instruction 3 to Item 4 of Schedule 14A promulgated under the Exchange Act) in or assist any third party in any “solicitation” of any proxy, consent or other authority (as such terms are
defined under the Exchange Act) to vote or withhold from voting any Voting Securities of SpinCo (other than such encouragement, advice or influence that is consistent with SpinCo management’s recommendation in connection with such matter);

  

	(b)	encourage, advise or influence any other person or assist any third party in so encouraging, assisting or influencing any person with respect to the giving or withholding of any proxy, consent or other authority to vote
or in conducting any type of referendum (other than such encouragement, advice or influence that is consistent with SpinCo management’s recommendation in connection with such matter); 

 

	(c)	form or join in a partnership, limited partnership, syndicate or a “group” as defined under Section 13(d) of the Exchange Act, with respect to the Voting Securities of SpinCo, or otherwise support or
participate in any effort by a third party with respect to the matters set forth in this Section 2; 

  

	(d)	present (or request to present) at any annual meeting or any special meeting of SpinCo’s stockholders, any proposal for consideration for action by stockholders or propose (or request to propose) any nominee for
election to the SpinCo Board or seek representation on the SpinCo Board (in each case except pursuant to Section 1(c)) or the removal of any member of the SpinCo Board; 

  
 7 

	(e)	grant any proxy, consent or other authority to vote with respect to any matters (other than to the named proxies included in SpinCo’s proxy card for any annual meeting or special meeting of stockholders) or deposit
any Voting Securities of SpinCo in a voting trust or subject them to a voting agreement or other arrangement of similar effect (excluding customary brokerage accounts, margin accounts, prime brokerage accounts and the like), in each case, except as
provided in Section 2 below; 

  

	(f)	call or seek to call any special meeting of SpinCo or make any request under Section 220 of the Delaware General Corporation Law (the “DGCL”) or other applicable legal provisions (including
equivalent statutes in any other State in which SpinCo is incorporated) regarding inspection of books and records or other materials (including stocklist materials) of SpinCo or any of its subsidiaries; 

 

	(g)	institute, solicit, assist or join, as a party, any litigation, arbitration or other proceeding against or involving SpinCo or any of its current or former directors or officers (including derivative actions) other than
to enforce the provisions of this Agreement; 

  

	(h)	seek, propose, participate in, facilitate or assist any third party to seek or propose any merger, consolidation, business combination, tender or exchange offer, sale or purchase of assets, sale or purchase of
securities, dissolution, liquidation, restructuring, recapitalization, extraordinary dividend, significant share repurchase or similar transaction involving SpinCo or any of its non-publicly traded controlled Affiliates (other than the Company after
the Separation Effective Time) (collectively, a “SpinCo Extraordinary Transaction”); provided that the members of the Icahn Group shall be permitted to sell or tender their Voting Securities of SpinCo, and otherwise receive
consideration, pursuant to any SpinCo Extraordinary Transaction and provided, further that (without limiting the following clause (i)) SpinCo may waive the restrictions in this clause (h) with the approval of the SpinCo Board and
provided, further, that from the commencement by a third party (not a party to this Agreement or an Affiliate of a party) of any bona fide tender or exchange offer that is not recommended by the SpinCo Board in its Recommendation
Statement on Schedule 14D-9 which, if consummated, would constitute a SpinCo Extraordinary Transaction, then the Icahn Group shall similarly be permitted to commence a tender or exchange offer for all of the Voting Securities of SpinCo at the same
or higher consideration per share; 

  

	(i)	request, directly or indirectly, any amendment or waiver of the foregoing in a manner that would reasonably likely require public disclosure by the Icahn Group or SpinCo. 

  
 8 

 Notwithstanding the foregoing, nothing in this Section 2 shall prevent an Icahn Designee acting in his or
her capacity as a director of the Company from raising any such matters at the SpinCo Board. 
 From the date of this Agreement until the end of the SpinCo
Standstill Period, (1) the Icahn Group shall not directly or indirectly make, or cause to be made, by press release or similar public statement to the press or media (including social media), or in an SEC or other public filing, any statement
or announcement that disparages (as distinct from objective statements reflecting business criticism of SpinCo but not of its individual directors or officers (provided that the Icahn Group shall provide advance notice of, and a copy of, any
written statement before it is made)) SpinCo or any of its officers or directors with respect to matters relating to their service at SpinCo (including any former officers or directors); and (2) neither SpinCo nor any of its officers or
directors shall directly or indirectly make, or cause to be made, by press release or similar public statement to the press or media (including social media), or in an SEC or other public filing, any statement or announcement that disparages (as
distinct from objective statements reflecting business criticism (provided that SpinCo shall provide advance notice of, and a copy of, any written statement before it is made)) any member of the Icahn Group or any of its current or former
officers or directors with respect to matters relating to the Company or SpinCo. For the avoidance of doubt, the foregoing restrictions shall not be deemed to apply to advisors of the Icahn Group or SpinCo who are not acting at the behest of
such party. 
 From the date of this Agreement until the end of the SpinCo Standstill Period, (1) the Icahn Group shall not permit any Icahn Affiliate
to do any of the items in this Section 2 that the Icahn Group is restricted from doing and shall not publicly encourage or support any other person to take any of the actions described in this
Section 2 that the Icahn Group is restricted from doing and (2) SpinCo shall not permit any of its controlled Affiliates to do any of the items in this Section 2 that SpinCo is restricted from
doing and shall not publicly encourage or support any other person to take any of the actions described in this Section 2 that SpinCo is restricted from doing. 

 

	3.	Voting Commitment. Unless the Company has materially breached this Agreement and failed to cure within five business days following receipt of written notice from the Icahn Group specifying such breach, at the
2016 annual meeting of the Company’s shareholders (the “2016 Annual Meeting”), the Icahn Group shall (i) not, directly or indirectly, nominate directors or propose any other business for consideration by shareholders at the
2016 Annual Meeting, (ii) (A) cause, in the case of all Voting Securities of the Company owned of record, and (B) instruct the record owner, in the case of all shares of Voting Securities of the Company Beneficially Owned but not owned of
record, directly or indirectly, by it, or by any controlled Affiliates of the members of the Icahn Group (such controlled Affiliates, collectively and 

  
 9 

 individually, the “Icahn Affiliates”), in each case as of the record date for the 2016 Annual
Meeting, in each case that are entitled to vote at the 2016 Annual Meeting, to be present for quorum purposes and to be voted, at the 2016 Annual Meeting or at any adjournments or postponements thereof (x) for all directors nominated by the
Current Board for election at the 2016 Annual Meeting and (y) against any directors proposed that are not nominated by the Current Board for election at the 2016 Annual Meeting, (iii) not, directly or indirectly, solicit proxies or written
consents of stockholders or conduct any other type of referendum (binding or non-binding) with respect to, or from the holders of, the Voting Securities of the Company, or become a “participant” (as such term is defined in Instruction 3 to
Item 4 of Schedule 14A promulgated under the Exchange Act) in or assist any third party in any “solicitation” of any proxy, consent or other authority (as such terms are defined under the Exchange Act) to vote or withhold from voting any
Voting Securities of the Company (other than such encouragement, advice or influence that is consistent with the Company management’s recommendation in connection with such matter) and (iv) not, directly or indirectly, encourage, advise or
influence any other person or assist any third party in so encouraging, assisting or influencing any person with respect to the giving or withholding of any proxy, consent or other authority to vote or in conducting any type of referendum (other
than such encouragement, advice or influence that is consistent with the Company management’s recommendation in connection with such matter). Except as provided in the foregoing sentence, the Icahn Group shall not be restricted from voting
“For”, “Against” or “Abstaining” from any other proposals at the 2016 Annual Meeting. 
  

	4.	Public Announcement. No earlier than 6:45 a.m., New York City time, on January 29, 2016, the Company and the Icahn Group shall announce this Agreement and the material terms hereof by means of a press release in
the form attached hereto as Exhibit B (the “Press Release”). Neither the Company nor the Icahn Group shall make any public announcement or statement that contradicts or disagrees with the statements made in
the Press Release, except as required by law or the rules of any stock exchange or with the prior written consent of the other party. 

  

	5.	Representations and Warranties of All Parties; Representations and Warranties of the Icahn Group. 

  

	(a)	Each of the parties represents and warrants to the other party that: (a) such party has all requisite company power and authority to execute and deliver this Agreement and to perform its obligations hereunder; (b) this
Agreement has been duly and validly authorized, executed and delivered by it and is a valid and binding obligation of such party, enforceable against such party in accordance with its terms; (c) this Agreement will not result in a violation of any
terms or conditions of any agreements to which such person is a party or by which such party may otherwise be bound or of any law, 

  
 10 

	 	rule, license, regulation, judgment, order or decree governing or affecting such party; and (d) there is currently no pending or outstanding litigation between the Icahn Group and the Company or Affiliates thereof.

  

	(b)	Each member of the Icahn Group jointly represents and warrants that, as of the date of this Agreement, (i) the Icahn Group collectively Beneficially Own, an aggregate of 92,377,043 shares of Common Stock, par value
$1.00, of the Company (“Common Stock”); and (ii) except for such ownership, no member of the Icahn Group, individually or in the aggregate with all other members of the Icahn Group and Icahn Affiliates, has any other Beneficial
Ownership of, and/or economic exposure to, any Voting Securities of the Company, including through any derivative transaction described in the definition of “Beneficial Ownership” above. As used in this Agreement, the term “Voting
Securities” means common stock or such other equity securities of the Company or SpinCo, as applicable, having the power to vote in the election of members of the board of directors of the Company or SpinCo, as applicable, and shall include
securities convertible into, or exercisable or exchangeable for such common stock or such other equity securities, whether or not subject to the passage of time or other contingencies, “Beneficial Ownership” of “Voting
Securities” means ownership of: (i) Voting Securities, (ii) rights or options to own or acquire any Voting Securities (whether such right or option is exercisable immediately or only after the passage of time or upon the satisfaction of one or
more conditions (whether or not within the control of such person), compliance with regulatory requirements or otherwise) and (iii) any other economic exposure to Voting Securities, including through any derivative transaction that gives any such
person or any of such person’s controlled Affiliates the economic equivalent of ownership of an amount of Voting Securities due to the fact that the value of the derivative is explicitly determined by reference to the price or value of Voting
Securities, or which provides such person or any of such person’s controlled Affiliates an opportunity, directly or indirectly, to profit, or to share in any profit, derived from any increase in the value of Voting Securities, in any case
without regard to whether (x) such derivative conveys any voting rights in Voting Securities to such person or any of such person’s Affiliates, (y) the derivative is required to be, or capable of being, settled through delivery of Voting
Securities, or (z) such person or any of such person’s Affiliates may have entered into other transactions that hedge the economic effect of such Beneficial Ownership of Voting Securities and “Affiliate” shall have the meaning set
forth in Rule 12b-2 promulgated by the SEC under the Exchange Act. “SEC” shall mean the U.S. Securities and Exchange Commission. 

  

	6.	 Confidentiality Agreement. The Icahn Group, the Observer and the Company shall enter into a customary
confidentiality agreement (the “Confidentiality Agreement”) covering any 

  
 11 

	 	
confidential information relating to the selection of directors pursuant to Section 1(c) and the selection of the Chief Executive Officer of SpinCo pursuant to Section 1(d).

  

	7.	Remedies; Forum and Governing Law. The parties hereto recognize and agree that if for any reason any of the provisions of this Agreement are not performed in accordance with their specific terms or are otherwise
breached, immediate and irreparable harm or injury would be caused for which money damages would not be an adequate remedy. Accordingly, each party agrees that in addition to other remedies the other party shall be entitled to at law or equity, the
other party shall be entitled to an injunction or injunctions to prevent breaches of this Agreement and to enforce specifically the terms and provisions of this Agreement exclusively in the Court of Chancery or other federal or state courts of the
State of Delaware. In the event that any action shall be brought in equity to enforce the provisions of this Agreement, no party shall allege, and each party hereby waives the defense, that there is an adequate remedy at law. Furthermore, each of
the parties hereto (a) consents to submit itself to the personal jurisdiction of the Court of Chancery or other federal or state courts of the State of Delaware in the event any dispute arises out of this Agreement or the transactions contemplated
by this Agreement, (b) agrees that it shall not attempt to deny or defeat such personal jurisdiction by motion or other request for leave from any such court, (c) agrees that it shall not bring any action relating to this Agreement or the
transactions contemplated by this Agreement in any court other than the Court of Chancery or other federal or state courts of the State of Delaware, and each of the parties irrevocably waives the right to trial by jury, (d) agrees to waive any
bonding requirement under any applicable law, in the case any other party seeks to enforce the terms by way of equitable relief and (e) irrevocably consents to service of process by a reputable overnight mail delivery service, signature requested,
to the address of such party’s principal place of business or as otherwise provided by applicable law. THIS AGREEMENT SHALL BE GOVERNED IN ALL RESPECTS, INCLUDING VALIDITY, INTERPRETATION AND EFFECT, BY THE LAWS OF THE STATE OF DELAWARE
APPLICABLE TO CONTRACTS EXECUTED AND TO BE PERFORMED WHOLLY WITHIN SUCH STATE WITHOUT GIVING EFFECT TO THE CHOICE OF LAW PRINCIPLES OF SUCH STATE. 

  

	8.	No Waiver. Any waiver by any party of a breach of any provision of this Agreement shall not operate as or be construed to be a waiver of any other breach of such provision or of any breach of any other provision
of this Agreement. The failure of a party to insist upon strict adherence to any term of this Agreement on one or more occasions shall not be considered a waiver or deprive that party of the right thereafter to insist upon strict adherence to that
term or any other term of this Agreement. 

  
 12 

	9.	Entire Agreement. This Agreement contains the entire understanding of the parties with respect to the subject matter hereof and may be amended only by an agreement in writing executed by the parties hereto.

  

	10.	Notices. All notices, consents, requests, instructions, approvals and other communications provided for herein and all legal process in regard hereto shall be in writing and shall be deemed validly given, made or
served, if (a) given by telecopy and email, when such telecopy and email is transmitted to the telecopy number set forth below and sent to the email address set forth below and the appropriate confirmation is received or (b) if given by any other
means, when actually received during normal business hours at the address specified in this subsection: 

 If to the Company: 

Xerox Corporation 
 P.O. Box
4505, 45 Glover Avenue 
 Norwalk, CT 06850 

Attention: General Counsel 

Facsimile: (203) 849-5152 

Email: don.liu@xerox.com 
 With a copy to
(which shall not constitute notice): 
 Cravath, Swaine & Moore LLP 

825 Eighth Avenue 
 New York, New
York 10019 
 Attention: Scott A. Barshay     O. Keith Hallam, III 

Facsimile: (212) 474-3700      (212) 474-3700 

Email: sbarshay@cravath.com khallam@cravath.com 

If to the Icahn Group: 
 Icahn
Associates Corp. 
 767 Fifth Avenue, 47th Floor 

New York, New York 10153 

Attention: Carl C. Icahn     Keith Cozza 

Facsimile: (212) 750-5807      (212) 702-4323 

Email: sgordon@sfire.com      kcozza@sfire.com 

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

Icahn Associates Corp. 
 767
Fifth Avenue, 47th Floor 
 New York, New York 10153 

Attention: Jesse Lynn           Louie Pastor 

  
 13 

 Facsimile: (917) 591-3310     (212) 688-1158 

Email: jlynn@sfire.com      lpastor@sfire.com 

 

	11.	Severability. If at any time subsequent to the date hereof, any provision of this Agreement shall be held by any court of competent jurisdiction to be illegal, void or unenforceable, such provision shall be of no
force and effect, but the illegality or unenforceability of such provision shall have no effect upon the legality or enforceability of any other provision of this Agreement. 

 

	12.	Counterparts. This Agreement may be executed in two or more counterparts (including by facsimile or PDF) which together shall constitute a single agreement. 

 

	13.	Successors and Assigns. This Agreement and the rights hereunder shall not be assignable or assigned, directly or indirectly, by operation of law or otherwise, by any of the parties to this Agreement.

  

	14.	No Third Party Beneficiaries. This Agreement is solely for the benefit of the parties hereto and is not enforceable by any other persons; provided that from and after the Separation Effective Time, SpinCo
shall be a beneficiary of this Agreement, both SpinCo and the Company shall be bound to this Agreement as applicable (and for the avoidance of doubt the Icahn Group shall remain bound), and for purposes of enforcement of this Agreement prior to the
Separation Effective Time only, references herein to the “Company” shall also be deemed to refer to SpinCo. 

  

	15.	Fees and Expenses. Neither the Company (nor SpinCo), on the one hand, nor the Icahn Group, on the other hand, will be responsible for any fees or expenses of the other in connection with this Agreement.

  

	16.	 Interpretation and Construction. Each of the parties hereto acknowledges that it has been represented by
counsel of its choice throughout all negotiations that have preceded the execution of this Agreement, and that it has executed the same with the advice of said independent counsel. Each party and its counsel cooperated and participated in the
drafting and preparation of this Agreement and the documents referred to herein, and any and all drafts relating thereto exchanged among the parties shall be deemed the work product of all of the parties and may not be construed against any party by
reason of its drafting or preparation. Accordingly, any rule of law or any legal decision that would require interpretation of any ambiguities in this Agreement against any party that drafted or prepared it is of no application and is hereby
expressly waived by each of the parties hereto, and any controversy over interpretations of this Agreement shall be decided without regards to events of drafting or preparation. The section headings contained in this Agreement are for reference

  
 14 

	 	
purposes only and shall not affect in any way the meaning or interpretation of this Agreement. The term “including” shall be deemed to mean “including without limitation” in
all instances. 

 [Signature Pages Follow] 

  
 15 

 IN WITNESS WHEREOF, each of the parties hereto has executed this Agreement, or caused the same to
be executed by its duly authorized representative as of the date first above written. 
  

			
	Very truly yours,
	
	XEROX CORPORATION
		
	By:	 	 /s/ Ursula M. Burns

	Name:	 	Ursula M. Burns
	Title:	 	Chairman and Chief Executive Officer

 [Signature Page to Agreement between the Icahn Group and Xerox] 

  

 Accepted and agreed as of the date first written above: 

 

			
	MR. CARL C. ICAHN
		
	By:	 	 /s/ Carl. C. Icahn

		 	Carl C. Icahn
	
	HIGH RIVER LIMITED PARTNERSHIP
		
	By:	 	 /s/ Keith Cozza

	Name:	 	Keith Cozza
	Title:	 	Authorized Signatory
	
	HOPPER INVESTMENTS LLC
		
	By:	 	 /s/ Keith Cozza

	Name:	 	Keith Cozza
	Title:	 	Authorized Signatory
	
	BARBERRY CORP.
		
	By:	 	 /s/ Keith Cozza

	Name:	 	Keith Cozza
	Title:	 	Authorized Signatory

 [Signature Page to Agreement between the Icahn Group and Xerox] 

  

			
	ICAHN PARTNERS LP
		
	By:	 	 /s/ Keith Cozza

	Name:	 	Keith Cozza
	Title:	 	Authorized Signatory
	
	ICAHN PARTNERS MASTER FUND LP
		
	By:	 	 /s/ Keith Cozza

	Name:	 	Keith Cozza
	Title:	 	Authorized Signatory
	
	ICAHN ENTERPRISES G.P. INC.
		
	By:	 	 /s/ Keith Cozza

	Name:	 	Keith Cozza
	Title:	 	Authorized Signatory

 [Signature Page to Agreement between the Icahn Group and Xerox] 

  

			
	ICAHN ENTERPRISES HOLDINGS L.P.
		
	By:	 	 /s/ Keith Cozza

	Name:	 	Keith Cozza
	Title:	 	Authorized Signatory
	
	IPH GP LLC
		
	By:	 	 /s/ Keith Cozza

	Name:	 	Keith Cozza
	Title:	 	Authorized Signatory
	
	ICAHN CAPITAL LP
		
	By:	 	 /s/ Keith Cozza

	Name:	 	Keith Cozza
	Title:	 	Authorized Signatory
	
	ICAHN ONSHORE LP
		
	By:	 	 /s/ Keith Cozza

	Name:	 	Keith Cozza
	Title:	 	Authorized Signatory
	
	ICAHN OFFSHORE LP
		
	By:	 	 /s/ Keith Cozza

	Name:	 	Keith Cozza
	Title:	 	Authorized Signatory

 [Signature Page to Agreement between the Icahn Group and Xerox] 

  

			
	BECKTON CORP
		
	By:	 	 /s/ Keith Cozza

	Name:	 	Keith Cozza
	Title:	 	Authorized Signatory
	
	MR. JONATHAN CHRISTODORO
	
	 /s/ Jonathan Christodoro

	Jonathan Christodoro

 [Signature Page to Agreement between the Icahn Group and Xerox] 

  

 [Signature Page to Agreement between the Icahn Group and Xerox] 

 SCHEDULE A 
  

                          
                   
 MR. CARL C. ICAHN 

HIGH RIVER LIMITED PARTNERSHIP 
 HOPPER INVESTMENTS LLC 

BARBERRY CORP. 
 ICAHN PARTNERS LP 

ICAHN PARTNERS MASTER FUND LP 
 ICAHN ENTERPRISES G.P. INC. 

ICAHN ENTERPRISES HOLDINGS L.P. 
 IPH GP LLC 

ICAHN CAPITAL LP 
 ICAHN ONSHORE LP 

ICAHN OFFSHORE LP 
 BECKTON CORP. 

MR. JONATHAN CHRISTODORO 
 Schedule B 

 SCHEDULE B 
  

                          
                   
 SungHwan Cho 

Jonathan Christodoro 
 Keith Cozza 

Hunter C. Gary 
 Vincent J. Intrieri 

Andrew Langham 
 Jesse A. Lynn 

Courtney Mather 
 Samuel Merksamer 

Louis J. Pastor 
 Schedule B 

 EXHIBIT A 

WHEREAS, Xerox Corporation (the “Company”) has entered into that certain Agreement by and among the parties listed on
Schedule A thereto (the “Icahn Group”) and the Company (the “Agreement”), dated January 24, 2016, a copy of which is attached hereto; and 

WHEREAS, the Company is pursuing a Separation (as defined in the Agreement); and 

WHEREAS, the Agreement requires that SpinCo execute and deliver to the Icahn Group this Joinder Agreement. 

NOW, THEREFORE, the undersigned hereby joins in the Agreement and agrees that, immediately upon the Separation Effective Time (as defined in
the Agreement), it shall be deemed to be “SpinCo” within the meaning of the Agreement and shall be bound by all of the terms and conditions of the Agreement applicable to SpinCo thereunder. 

[Signature page follows] 

  
 A-1 

 IN WITNESS WHEREOF, the undersigned has executed this Joinder Agreement as of
            , 2016. 
  

			
	SPINCO:
	
	
[                   
 ], a [●] corporation

		
	 By: 
	 	  

	 Name:
	 	
	 Title:
	 	

 ACCEPTED: 
 MR. CARL C.
ICAHN 
 Carl C. Icahn 
 HIGH RIVER LIMITED PARTNERSHIP 

 

			
	 By:
	 	  

	 Name:
	 	 Keith Cozza

	Title:	 	Authorized Signatory

 HOPPER INVESTMENTS LLC 
  

			
	 By:
	 	  

	 Name:
	 	 Keith Cozza

	 Title:
	 	Authorized Signatory

  
 A-2 

 BARBERRY CORP. 
  

			
	By:	 	  

	Name:	 	Keith Cozza
	Title:	 	Authorized Signatory

 ICAHN PARTNERS LP 
  

			
	By:	 	  

	Name:	 	Keith Cozza
	Title:	 	Authorized Signatory

 [Signature Page to Joinder to Xerox/Icahn Agreement] 

ICAHN PARTNERS MASTER FUND LP 
  

			
	By:	 	  

	Name:	 	Keith Cozza
	Title:	 	Authorized Signatory

 ICAHN ENTERPRISES G.P. INC. 
  

			
	By:	 	  

	Name:	 	Keith Cozza
	Title:	 	Authorized Signatory

 ICAHN ENTERPRISES HOLDINGS L.P. 
  

			
	By:	 	  

	Name:	 	Keith Cozza
	Title:	 	Authorized Signatory

 IPH GP LLC 
  

			
	By:	 	  

	Name:	 	Keith Cozza
	Title:	 	Authorized Signatory

 ICAHN CAPITAL LP 

  
 A-3 

			
	By:	 	  

	Name:	 	Keith Cozza
	Title:	 	Authorized Signatory

 ICAHN ONSHORE LP 
  

			
	By:	 	  

	Name:	 	Keith Cozza
	Title:	 	Authorized Signatory

 ICAHN OFFSHORE LP 
  

			
	By:	 	  

	Name:	 	Keith Cozza
	Title:	 	Authorized Signatory

 [Signature Page to Joinder to Xerox/Icahn Agreement] 

BECKTON CORP 
  

			
	By:	 	  

	Name:	 	Keith Cozza
	Title:	 	Authorized Signatory

 [Signature Page to Joinder to Xerox/Icahn Agreement] 

  
 A-4 

 EXHIBIT B 

Xerox and Carl Icahn Announce Agreement 
 NORWALK, Conn., Jan.
29, 2016 – Xerox (NYSE:XRX) and Carl C. Icahn announced today that they have entered into an agreement related to the governance of the Business Process Outsourcing (“BPO”) company that will be created as a result of the planned
separation of Xerox into two independent, publicly-traded companies, which was announced earlier today. 
 Under the agreement, when the separation is
complete, the BPO company will have certain best-in-class corporate governance provisions and a Board of Directors composed of nine members: six directors selected by Xerox (two of whom may come from the current Xerox Board of Directors) and three
directors selected by Icahn. In addition, in connection with the planned separation, Xerox agreed that a committee of its Board of Directors will begin searching for an external candidate to be Chief Executive Officer of the BPO company and to allow
a person selected by Icahn to observe and advise the committee in that search process. Additional details regarding the agreement will be included in a Form 8-K to be filed by Xerox later today. 

“We are pleased to have reached an agreement with Mr. Icahn that ensures that we will have strong leadership and best-in-class governance for the new
Business Process Outsourcing company that will be created by our separation plan,” said Ursula Burns, chairman and chief executive officer of Xerox. 

Mr. Icahn said: “We applaud Ursula Burns and Xerox’s Board of Directors for recognizing the importance of separating Xerox into two publicly-traded
companies. We strongly believe that an independent BPO company with fresh, focused leadership and best-in-class corporate governance will greatly enhance shareholder value, and we are proud to be a part of that process.” 

About Xerox 
 Xerox is helping change the way the world
works. By applying our expertise in imaging, business process, analytics, automation and user-centric insights, we engineer the flow of work to provide greater productivity, efficiency and personalization. We conduct business in 180 countries, and
our more than 140,000 employees create meaningful innovations and provide business process services, printing equipment, software and solutions that make a real difference for our clients - and their customers. Learn more at www.xerox.com. 

Forward-looking Statements 
 This release contains
“forward-looking statements” as defined in the Private Securities Litigation Reform Act of 1995. The words “anticipate,” “believe,” “estimate,” “expect,” “intend,” “will,”
“should” and similar expressions, as they relate to us, are intended to identify forward-looking statements. These statements reflect management’s current beliefs, assumptions and expectations, including with respect to the proposed
separation of the Business Process Outsourcing (“BPO”) 

  
 B-1 

 
business from the Document Technology and Document Outsourcing business, the expected timetable for completing the separation, the future financial and operating performance of each business, the
strategic and competitive advantages of each business, future opportunities for each business and the expected amount of cost reductions that may be realized in the cost transformation program, and are subject to a number of factors that may cause
actual results to differ materially. Such factors include but are not limited to: changes in economic conditions, political conditions, trade protection measures, licensing requirements and tax matters in the United States and in the foreign
countries in which we do business; changes in foreign currency exchange rates; our ability to successfully develop new products, technologies and service offerings and to protect our intellectual property rights; the risk that multi-year contracts
with governmental entities could be terminated prior to the end of the contract term and that civil or criminal penalties and administrative sanctions could be imposed on us if we fail to comply with the terms of such contracts and applicable law;
the risk that our bids do not accurately estimate the resources and costs required to implement and service very complex, multi-year governmental and commercial contracts, often in advance of the final determination of the full scope and design of
such contracts or as a result of the scope of such contracts being changed during the life of such contracts; the risk that subcontractors, software vendors and utility and network providers will not perform in a timely, quality manner; service
interruptions; actions of competitors and our ability to promptly and effectively react to changing technologies and customer expectations; our ability to obtain adequate pricing for our products and services and to maintain and improve cost
efficiency of operations, including savings from restructuring actions and the relocation of our service delivery centers; the risk that individually identifiable information of customers, clients and employees could be inadvertently disclosed or
disclosed as a result of a breach of our security systems; the risk in the hiring and retention of qualified personnel; the risk that unexpected costs will be incurred; our ability to recover capital investments; the risk that our Services business
could be adversely affected if we are unsuccessful in managing the start-up of new contracts; the collectability of our receivables for unbilled services associated with very large, multi-year contracts; reliance on third parties, including
subcontractors, for manufacturing of products and provision of services; our ability to expand equipment placements; interest rates, cost of borrowing and access to credit markets; the risk that our products may not comply with applicable worldwide
regulatory requirements, particularly environmental regulations and directives; the outcome of litigation and regulatory proceedings to which we may be a party; the possibility that the proposed separation of the BPO business from the Document
Technology and Document Outsourcing business will not be consummated within the anticipated time period or at all, including as the result of regulatory, market or other factors; the potential for disruption to our business in connection with the
proposed separation; the potential that BPO and Document Technology and Document Outsourcing do not realize all of the expected benefits of the separation; and other factors that are set forth in the “Risk Factors” section, the “Legal
Proceedings” section, the “Management’s Discussion and Analysis of Financial Condition and Results of Operations” section and other sections of our Quarterly Reports on Form 10-Q for the quarters ended, March 31, 2015, June 30,
2015 and September 30, 2015 and our 2014 Annual Report on Form 10-K filed with the Securities and Exchange Commission. Xerox assumes no obligation to update any forward-looking statements as a result of new information or future events or
developments, except as required by law. 
 -XXX- 
 Media
Contacts: 

  
 B-2 

 Sean Collins, Xerox, +1-310-497-9205, sean.collins2@xerox.com 

Carl Langsenkamp, Xerox, +1-585-423-5782, carl.langsenkamp@xerox.com 

Investor Contacts: 
 Jennifer Horsley, Xerox,
+1-203-849-2656, jennifer.horsley@xerox.com 
 Sean Cornett, Xerox, +1-203-849-2672, sean.cornett@xerox.com 

Note: To receive RSS news feeds, visit http://news.xerox.com. For open commentary, industry perspectives and views visit http://twitter.com/xerox,
http://www.linkedin.com/company/xerox, http://simplifywork.blogs.xerox.com, http://www.facebook.com/XeroxCorp or http://www.youtube.com/XeroxCorp. 

Xerox® and Xerox and Design®
are trademarks of Xerox in the United States and/or other countries. 

  
 B-3Exhibit 10.1

 

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. 

    	1

    	 

    

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.

 

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.

    	3

    	 

    

 

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.

 

9.1This
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: ____________________________

Name: Shimon Citron

Title: Chief Executive Officer

 

 

 

The Consultant:

 

JKM Management Ltd

 

 

By:________________________

Name:Ron Lubash

Title:

 

    	6

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00261-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00261-of-00352.parquet"}]]