Document:

Exhibit 10.1

      Execution Copy

      

      

      FOURTH AMENDMENT TO 364-DAY REVOLVING CREDIT AGREEMENT

      

      

      This FOURTH AMENDMENT TO 364-DAY REVOLVING CREDIT AGREEMENT
        (this “Amendment”), dated as of September 6, 2019, is by and among SOUTH JERSEY
          INDUSTRIES, INC., a New Jersey corporation (the “Borrower”), MORGAN STANLEY BANK, N.A. (currently the sole Required Lender) and MORGAN
          STANLEY SENIOR FUNDING, INC., a Delaware corporation, as administrative agent (in such capacity, the “Administrative Agent”). Capitalized terms used herein and
        not otherwise defined herein shall have the meanings ascribed thereto in the Credit Agreement (as defined below) as amended by this Amendment.

      

      

      W I T N E S S E T H

      

      

      WHEREAS, the Borrower, several banks and other financial
        institutions from time to time party thereto and the Administrative Agent are parties to that certain 364-Day Revolving Credit Agreement dated as of September 7, 2016 (as amended by the First Amendment to 364-Day Revolving Credit Agreement, dated
        as of September 6, 2017, as further amended by the Second Amendment to 364-Day Revolving Credit Agreement, dated as of November 3, 2017, as further amended by the Third Amendment to 364-Day Revolving Credit Agreement, dated as of June 13, 2018 and
        as further amended, modified, extended, restated, replaced, or supplemented from time to time, the “Credit Agreement”);

      

      

      WHEREAS, the Borrower has sent written notice to the
        Administrative Agent in accordance with Section 2.18(a) of the Credit Agreement whereby it requested an extension of the Stated Termination Date for one 364-day period to September 7, 2020;

      

      

      WHEREAS, the Lenders are willing to so extend the Stated
        Termination Date;

      

      

      WHEREAS, the Borrower, Administrative Agent and Lenders
        hereby agree and acknowledge that as of July 2, 2018, the Debt Rating of the Borrower changed (the “2018 Debt Rating Change”) and the Applicable Margin under the Agreement
        should have been at Tier IV as of July 3, 2018 due to the 2018 Debt Rating Change (“2018 Applicable Margin Change”);

      

      

      WHEREAS, notwithstanding the 2018 Debt Rating Change, the
        2018 Applicable Margin Change did not occur until January 1, 2019 and the Administrative Agent and Lenders hereby agree to waive any additional interest or fees that would have resulted from such 2018 Applicable Margin Change from the date the 2018
        Applicable Margin Change should have been implemented and when it was actually implemented; and

      

      

      WHEREAS, the Borrower, the Lenders and the Administrative
        Agent have also agreed to make certain amendments to the Credit Agreement as hereinafter set forth.

      

      

      NOW, THEREFORE, in consideration of the agreements
        hereinafter set forth, and for other good and valuable consideration, the receipt and adequacy of which are hereby acknowledged, the parties hereto agree as follows:

       

      
        

        
          

        

      

      

      

      ARTICLE I

      AMENDMENTS TO CREDIT AGREEMENT

      

      

      1.1 Amendments Definition in Article I. The definition of “Stated Termination Date” set forth in Section 1.01 of the Credit Agreement is hereby amended and restated in its entirety to read as follows:

      

      

      “Stated Termination Date” means
        September 6, 2020, or such later date to which the Stated Termination Date may be extended pursuant to Section 2.18.

      

      

      1.2 Additional Definitions added in Article I. The following definitions are added in alphabetical order in Section
        1.01 of the Credit Agreement to read as follows:

      

      

      “Benchmark Replacement” means
        the sum of: (a) the alternate benchmark rate (which may include Term SOFR) that has been selected by the Administrative Agent and the Borrower giving due consideration to (i) any selection or recommendation of a replacement rate or the mechanism
        for determining such a rate by the Relevant Governmental Body or (ii) any evolving or then-prevailing market convention for determining a rate of interest as a replacement to LIBOR for Dollar-denominated syndicated credit facilities and (b) the
        Benchmark Replacement Adjustment; provided that, if the Benchmark Replacement as so determined would be less than zero, the Benchmark Replacement will be deemed to be
        zero for the purposes of this Agreement.

      

      

      “Benchmark Replacement
          Adjustment” means, with respect to any replacement of LIBOR with an Unadjusted Benchmark Replacement for each applicable Interest Period, the spread adjustment, or method for calculating or determining such spread adjustment, (which may
        be a positive or negative value or zero) that has been selected by the Administrative Agent and the Borrower giving due consideration to (i) any selection or recommendation of a spread adjustment, or method for calculating or determining such
        spread adjustment, for the replacement of LIBOR with the applicable Unadjusted Benchmark Replacement by the Relevant Governmental Body or (ii) any evolving or then-prevailing market convention for determining a spread adjustment, or method for
        calculating or determining such spread adjustment, for the replacement of LIBOR with the applicable Unadjusted Benchmark Replacement for Dollar-denominated syndicated credit facilities at such time.

      

      

      “Benchmark Replacement
          Conforming Changes” means, with respect to any Benchmark Replacement, any technical, administrative or operational changes (including changes to the definition of “Base Rate,” the definition of “Interest Period,” timing and frequency of
        determining rates and making payments of interest and other administrative matters) that the Administrative Agent decides may be appropriate to reflect the adoption and implementation of such Benchmark Replacement and to permit the administration
        thereof by the Administrative Agent in a manner substantially consistent with market practice (or, if the Administrative Agent decides that adoption of any portion of such market practice is not administratively feasible or if the Administrative
        Agent determines that no market practice for the administration of the Benchmark Replacement exists, in such other manner of administration as the Administrative Agent decides is reasonably necessary in connection with the administration of this
        Agreement).

       

      
        

        
          

        

      

      

      

      “Benchmark
          Replacement Date” means the earlier to occur of the following events with respect to LIBOR:

      

      

      (1) in the case of clause (1) or (2) of the definition of “Benchmark Transition Event,” the later of (a) the date
        of the public statement or publication of information referenced therein and (b) the date on which the administrator of LIBOR permanently or indefinitely ceases to provide LIBOR; or

      

      

      (2) in the case of clause (3) of the definition of “Benchmark Transition Event,” the date of the public statement or publication
        of information referenced therein.

      

      

      “Benchmark
          Transition Event” means the occurrence of one or more of the following events with respect to LIBOR:

      

      

      (1) a public statement or publication of information by or on behalf of the administrator of LIBOR announcing
        that such administrator has ceased or will cease to provide LIBOR, permanently or indefinitely, provided that, at the time of such statement or publication, there is no successor administrator that will continue to provide LIBOR;

      

      

      (2) a public statement or publication of information by the regulatory supervisor for the administrator of LIBOR,
        the U.S. Federal Reserve System, an insolvency official with jurisdiction over the administrator for LIBOR, a resolution authority with jurisdiction over the administrator for LIBOR or a court or an entity with similar insolvency or resolution
        authority over the administrator for LIBOR, which states that the administrator of LIBOR has ceased or will cease to provide LIBOR permanently or indefinitely, provided that, at the time of such statement or publication, there is no successor
        administrator that will continue to provide LIBOR; or

      

      

      (3) a public statement or publication of information by the regulatory supervisor for the administrator of LIBOR announcing that
        LIBOR is no longer representative.

      

      

      “Benchmark Transition Start
          Date” means (a) in the case of a Benchmark Transition Event, the earlier of (i) the applicable Benchmark Replacement Date and (ii) if such Benchmark Transition Event is a public statement or publication of information of a prospective
        event, the 90th day prior to the expected date of such event as of such public statement or publication of information (or if the expected date of such prospective event is fewer than 90 days after such statement or publication, the date of such
        statement or publication) and (b) in the case of an Early Opt-in Election, the date specified by the Administrative Agent or the Required Lenders, as applicable, by notice to the Borrower, the Administrative Agent (in the case of such notice by the
        Required Lenders) and the Lenders.

       

      
        

        
          

        

      

      

      

      “Benchmark Unavailability
          Period” means, if a Benchmark Transition Event and its related Benchmark Replacement Date have occurred with respect to LIBOR and solely to the extent that LIBOR has not been replaced with a Benchmark Replacement, the period (x) beginning
        at the time that such Benchmark Replacement Date has occurred if, at such time, no Benchmark Replacement has replaced LIBOR for all purposes hereunder in accordance with Section 2.12 and (y) ending at the time that a Benchmark Replacement has
        replaced LIBOR for all purposes hereunder pursuant to Section 2.12.

      

      

      “Beneficial Ownership
          Certification” means a certification regarding beneficial ownership required by the Beneficial Ownership Regulation.

      

      

      “Beneficial Ownership
          Regulation” means 31 C.F.R. § 1010.230.

      

      

      “Early
          Opt-in Election” means the occurrence of:

      

      

      (1) (i) a determination by the Administrative Agent or (ii) a notification by the Required Lenders to the
        Administrative Agent (with a copy to the Borrower) that the Required Lenders have determined that Dollar-denominated syndicated credit facilities being executed at such time, or that include language similar to that contained in Section 2.12 are
        being executed or amended, as applicable, to incorporate or adopt a new benchmark interest rate to replace LIBOR, and

      

      

      (2) (i) the election by the Administrative Agent or (ii) the election by the Required Lenders to declare that an
        Early Opt-in Election has occurred and the provision, as applicable, by the Administrative Agent of written notice of such election to the Borrower and the Lenders or by the Required Lenders of written notice of such election to the Administrative
        Agent.

      

      

      “Federal
          Reserve Bank of New York’s Website” means the website of the Federal Reserve Bank of New York at http://www.newyorkfed.org, or any
          successor source.

      

      

      “Relevant
          Governmental Body” means the Federal Reserve Board and/or the Federal Reserve Bank of New York, or a committee officially endorsed or convened by the Federal Reserve Board and/or the Federal Reserve Bank of New York or any successor
        thereto.

      

      

      “SOFR” with
        respect to any day means the secured overnight financing rate published for such day by the Federal Reserve Bank of New York, as the administrator of the benchmark, (or a successor administrator) on the Federal Reserve Bank of New York’s Website.

       

      
        

        
          

        

      

      

      

      “Term SOFR”
        means the forward-looking term rate based on SOFR that has been selected or recommended by the Relevant Governmental Body.

      

      

      “Unadjusted Benchmark
          Replacement” means the Benchmark Replacement excluding the Benchmark Replacement Adjustment.

      

      

      1.3 Amendment to Section 2.12. Clauses (c) and (d) of Section 2.12 of the
        Credit Agreement are hereby amended and restated in their entirety to read as follows:

      

      

      (c)          [reserved].

      

      

      (d)          [reserved].

      

      

      1.4 Additional Clauses added in Section 2.12. The following clauses are added in proper grammatical order to Section
        2.12 of the Credit Agreement to read as follows:

      

      

      (f)          Benchmark Replacement. Notwithstanding
        anything to the contrary herein or in any other Loan Document, upon the occurrence of a Benchmark Transition Event or an Early Opt-in Election, as applicable, the Administrative Agent and the Borrower may jointly amend this Agreement to replace
        LIBOR with a Benchmark Replacement. Any such amendment with respect to a Benchmark Transition Event will become effective at 5:00 p.m. on the fifth (5th) Business Day after the Administrative Agent has posted such proposed amendment to all Lenders
        and the Borrower so long as the Administrative Agent has not received, by such time, written notice of objection to such amendment from Lenders comprising the Required Lenders. Any such amendment with respect to an Early Opt-in Election will become
        effective on the date that Lenders comprising the Required Lenders have delivered to the Administrative Agent written notice that such Required Lenders accept such amendment. No replacement of LIBOR with a Benchmark Replacement pursuant to this
        Section 2.12 will occur prior to the applicable Benchmark Transition Start Date.

      

      

      (g)         Benchmark Replacement Conforming Changes.
        In connection with the implementation of a Benchmark Replacement, the Administrative Agent will have the right to make Benchmark Replacement Conforming Changes from time to time and, notwithstanding anything to the contrary herein or in any other
        Loan Document, any amendments implementing such Benchmark Replacement Conforming Changes will become effective without any further action or consent of any other party to this Agreement.

      

      

      (h)         Notices; Standards for Decisions and
            Determinations. The Administrative Agent will promptly notify the Borrower and the Lenders of (i) any occurrence of a Benchmark Transition Event or an Early Opt-in Election, as applicable, and its related Benchmark Replacement Date
        and Benchmark Transition Start Date, (ii) the implementation of any Benchmark Replacement, (iii) the effectiveness of any Benchmark Replacement Conforming Changes and (iv) the commencement or conclusion of any Benchmark Unavailability Period. Any
        determination, decision or election that may be made by the Administrative Agent or Lenders pursuant to this Section 2.12, including any determination with respect to a tenor, rate or adjustment or of the occurrence or non-occurrence of an event,
        circumstance or date and any decision to take or refrain from taking any action, will be conclusive and binding absent manifest error and may be made in its or their sole discretion and without consent from any other party hereto, except, in each
        case, as expressly required pursuant to this Section 2.12.

       

      
        

        
          

        

      

      

      

      (i)          Benchmark Unavailability Period. Upon
        the Borrower’s receipt of notice of the commencement of a Benchmark Unavailability Period, the Borrower may revoke any request for a borrowing of, conversion to or continuation of LIBOR Rate Loans to be made, converted or continued during any
        Benchmark Unavailability Period and, failing that, the Borrower will be deemed to have converted any such request into a request for a borrowing of or conversion to Base Rate Loans. During any Benchmark Unavailability Period, the component of the
        Base Rate based upon the LIBOR Rate will not be used in any determination of Base Rate.

      

      

      1.5 Amendment to Section 2.18. Clause (a) of Section 2.18 of the Credit Agreement is hereby amended by amending and
        restating the last sentence thereof to read in its entirety as follows:

      

      

      The Stated Termination Date may be extended pursuant to this Section 2.18 on one occasion; provided that, in no event shall the Stated Termination
        Date extend beyond September 7, 2021.

      

      

      1.6 Amendment to Section 6.01(l). Section 6.01(l) of the Credit Agreement is hereby amended by adding the following
        sentence to the end of such section to read in its entirety as follows:

      

      

      Upon reasonable request of the Administrative Agent or any Lender, the Borrower shall provide to the Administrative Agent or such Lender (i) the
        documentation and other information so requested in connection with applicable “know your customer” and anti-money laundering rules and regulations, including the Patriot Act and (ii) to the extent the Borrower qualifies as a “legal entity
        customer” under the Beneficial Ownership Regulation, the Beneficial Ownership Certification in relation to the Borrower.

      

      

      1.7 Amendment to Section 6.03. Section 6.03 of the Credit Agreement is hereby amended by amending and restated the
        first full paragraph appearing after clause (i) thereof to read in its entirety as follows:

      

      

      Information required to be delivered pursuant to this Section 6.03
        shall be deemed to have been delivered if such information (i) shall have been posted by the Borrower on Intralinks or similar site to which the Administrative Agent has been granted access or (ii) shall be available on the website of the
        Securities and Exchange Commission at http://www.sec.gov and the Borrower shall have (a) notified the Administrative Agent of such availability, including the availability of all Form 10-Q and Form 10-K reports and (b) provided such other
        certificates, notices or other information as required by this Section 6.03, or otherwise under this Agreement (including, without limitation, the certificate required by
        Section 6.03(i) above); provided that, if requested by the Administrative Agent or any Lender, the Borrower shall deliver a paper copy of such information to the
        Administrative Agent or such Lender. Information required to be delivered pursuant to this Section 6.03 may also be delivered by electronic communications pursuant to
        procedures reasonably approved by the Administrative Agent.

       

      
        

        
          

        

      

      

      

      ARTICLE II

      CONDITIONS TO EFFECTIVENESS

      

      

      2.1 Closing Conditions. This Amendment shall become effective on the date hereof upon the Administrative Agent receiving a copy of this Amendment duly executed by the Borrower, the Required Lenders and the
        Administrative Agent.

      

      

      ARTICLE III

      MISCELLANEOUS

      

      

      3.1 Amended Terms. On and after the date hereof, all references to the Credit Agreement in each of the Loan Documents
        shall hereafter mean the Credit Agreement as amended by this Amendment. Except as specifically amended hereby or otherwise agreed, the Credit Agreement is hereby ratified and confirmed and shall remain in full force and effect according to its
        terms.

      

      

      3.2 Representations and Warranties of the Borrower. The Borrower represents
        and warrants as follows:

      

      

      (a)          It has taken all necessary action to authorize the execution, delivery and performance of this Amendment.

      

      

      (b)         This Amendment has been duly executed and delivered by the Borrower and constitutes the Borrower’s legal, valid and binding obligation,
        enforceable in accordance with its terms, except as such enforceability may be subject to (i) bankruptcy, insolvency, reorganization, fraudulent conveyance or transfer, moratorium or similar laws affecting creditors’ rights generally and (ii)
        general principles of equity (regardless of whether such enforceability is considered in a proceeding at law or in equity).

      

      

      (c)          No consent, approval, authorization or order of, or filing, registration or qualification with, any court or governmental authority or
        third party is required in connection with the execution, delivery or performance by the Borrower of this Amendment.

      

      

      (d)          The representations and warranties set forth in Article V of the Credit Agreement and in any other Loan Document are true and correct
        as of the date hereof (with all applicable materiality standards and except for those which expressly relate to an earlier date).

      

      

      (e)          After giving effect to this Amendment, no event has occurred and is continuing which constitutes a Default or an Event of Default.

      

      

      (f)          The Obligations are not reduced or modified by this Amendment and are not subject to any offsets, defenses or counterclaims.

       

      
        

        
          

        

      

      

      

      3.3 Reaffirmation of Obligations. The Credit Agreement and each of the other Loan Documents, as specifically amended by
        this Amendment, are and shall continue to be in full force and effect and the Borrower hereby ratifies the Credit Agreement and each other Loan Document to which the Borrower is a party and acknowledges and reaffirms (a) that it is bound by all
        terms of the Credit Agreement and the other Loan Documents applicable to it and (b) that it is responsible for the observance and full performance of its Obligations.

      

      

      3.4 Loan Document. This Amendment shall constitute a Loan Document under the terms of the Credit Agreement.

      

      

      3.5 Expenses. The Borrower agrees to pay all reasonable costs and expenses of the Administrative Agent in connection
        with the preparation, execution and delivery of this Amendment, including without limitation the reasonable fees and expenses of the Administrative Agent’s legal counsel.

      

      

      3.6 Further Assurances. The Borrower agrees to promptly take such action, upon the request of the Administrative Agent,
        as is reasonably necessary to carry out the intent of this Amendment.

      

      

      3.7 Entirety. This Amendment, together with the other Loan Documents, embody the entire agreement among the parties
        hereto and supersede all prior agreements and understandings, oral or written, if any, relating to the subject matter hereof.

      

      

      3.8 Counterparts; Telecopy. This Amendment may be executed in any number of counterparts, each of which when so
        executed and delivered shall be an original, but all of which shall constitute one and the same instrument. Delivery of an executed counterpart of a signature page of this Amendment or any other document required to be delivered hereunder, by fax
        transmission or e-mail transmission (e.g. “pdf” or “tif”) shall be effective as delivery of a manually executed counterpart of this Agreement. Without limiting the foregoing, upon the request of any party, such fax transmission or e-mail
        transmission shall be promptly followed by such manually executed counterpart.

      

      

      3.9 No Actions, Claims, Etc. As of the date hereof, the Borrower hereby acknowledges and confirms that it has no
        knowledge of any actions, causes of action, claims, demands, damages and liabilities of whatever kind or nature, in law or in equity, against the Administrative Agent, the Lenders, or the Administrative Agent’s or the Lenders’ respective officers,
        employees, representatives, agents, counsel or directors arising from any action by such Persons, or failure of such Persons to act under the Credit Agreement on or prior to the date hereof.

      

      

      3.10 GOVERNING LAW. THIS AMENDMENT
          SHALL BE GOVERNED BY, AND SHALL BE CONSTRUED AND ENFORCED IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK.

      

      

      3.11 Successors and Assigns. This Amendment shall be binding upon and inure to the benefit of the parties hereto and
        their respective successors and assigns.

       

      
        

        
          

        

      

      

      

      3.12 Submission to Jurisdiction; Waivers; Waiver of Jury Trial. The jurisdiction, service of process and waiver of jury
        trial provisions set forth in Sections 10.13 and 10.15 of the Credit Agreement are hereby incorporated by reference, mutatis mutandis.

      

      

      3.13 No Waivers. The execution, delivery and effectiveness of this Amendment shall not, except as expressly provided
        herein, operate as a waiver of any right, power or remedy of any Lender or the Administrative Agent under any of the Loan Documents, nor constitute a waiver of any provision of any of the Loan Documents.

      

      

      [REMAINDER OF PAGE INTENTIONALLY LEFT BLANK]

       

      
        

        
          

        

      

      

      

      IN WITNESS WHEREOF the parties hereto have caused this Fourth Amendment to 364-Day Revolving Credit Agreement to be duly executed on the date first
        above written.

      

      

      	 	
              SOUTH JERSEY INDUSTRIES, INC.

            	 
	 	 	 	 
	 	
              By:

            	
              /s/ Ann T. Anthony

            	 
	 	 	
              Name: Ann. T. Anthony

            	 
	 	 	
              Title: Vice President & Treasurer

            	 

      

      

      [Signature Page to Fourth Amendment to 364-Day Revolving Credit Agreement]

       

      
        

        
          

        

      

      

      

      	 	
              MORGAN STANLEY SENIOR FUNDING, INC., as Administrative Agent

            	 
	 	 	 	 
	 	
              By:

            	
              /s/ Michael King

            	 
	 	 	
              Name: Michael King

            	 
	 	 	
              Title: Vice President

            	 

      

      

      [Signature Page to Fourth Amendment to 364-Day Revolving Credit Agreement]

       

      
        

        
          

        

      

      

      

      	 	
              MORGAN STANLEY BANK, N.A., as a Lender

            	 
	 	 	 	 
	 	
              By:

            	
              /s/ Michael King

            	 
	 	 	
              Name: Michael King

            	 
	 	 	
              Title: Authorized Signatory

            	 

      

      

      [Signature Page to Fourth Amendment to 364-Day Revolving Credit Agreement]Exhibit 10.01

 

 

Agreement
to render independent board member services between

 

Mr. Boaz Wachtel, with a registered
address (P.o.B 3577) herein after referred to as (BW) #11 Alon St, Kfar Netter 40593 Israel

 

and

 

(Natur International Corp., a
public company incorporated under the laws of the State of Wyoming, USA and with a registered address at (Jachthavenweg 124, 1081
JK Amsterdam, the Netherlands, herein after referred to as NIC.

 

		1.	CONSIDERATION.

 

The board
of NIC has approved a resolution appointing Mr. Boaz Wachtel (hereinafter referred to as BW) as independent director and board
member of NIC. This decision is reflected in the board resolution dated July 8, 2019.

 

BW is willing to offer his services
as independent board member. These services are described in article 2 of this Agreement. The Parties explicitly do not intend
to conclude an employment agreement between NIC and BW. BW is free to independently decide in what way he wishes to carry out
the responsibilities connected to his independent board-membership.

 

This Agreement is entered into
for a period of 4 years with the option for a re-assignment as independent board member for another 4 years and shall be effective
as of September 1, 2019. The terms and conditions shall remain in full force and effect until terminated earlier in accordance
with the provisions of this Agreement (hereinafter the “Term”).

 

This agreement will stipulate
the terms, arrangements and conditions for NIC as well as for BW to which both parties have agreed to adhere to.

 

		2.	RESPONSIBILITIES

 

		a)	BW
                                         shall provide advice in his role as independent board member (hereinafter the “Services”)
                                         to NIC regarding the Business;

 

		b)	Independent
                                         board member’s primary role is to make the decisions according to the mandate given
                                         by the Bylaws of the company and to act as a check and balance on the acts of management.
                                         An independent board member is familiar with the fundamentals of the company’s
                                         business and be informed about the company’s activities, all with a view to safeguarding
                                         the assets of the company and protecting the interests of all shareholders as a whole
                                         and discharging their duties with reasonable diligence. Independent directors play an
                                         active role in various committees as set up by the company to ensure good governance;

 

		c)	As
                                         a member of the Board, BW is co-responsible for the appointment and dismissal of the
                                         CEO and CFO of NIC.

 

		d)	BW
                                         accepts the afore-mentioned assignment and therewith accepts full responsibility for
                                         correctly carrying out the agreed assignment as independent board member.

 

		e)	BW
                                         will organize his activities independently.

 

    1

     

    

 

 

		3.	THIRD PARTIES

 

BW can provide services to third
parties as long as this is not contrary to the provisions of this Agreement, including the non-competition clause, IP clause and
confidentiality clause.

 

		4.	COMPENSATION

 

		a)	During the Term of this Agreement, NIC will pay BW as compensation for the independent
                                                                                                                 board membership a fee, excluding VAT (the “Fee”):

 

		a)	A base fee of EUR 2.000 per
month.

 

		b)	For every day worked during
a month, including the preparation for and physical attendance - or by means of approved telecommunications - of official board
and any board committees meetings and other tasks and activities asked for by the company, NIC will pay a fee of €1.000 per
day up to a maximum of €15.000 in any single month, including the base fee compensation for the board membership. It is explicitly
agreed that services as committee member or other additional projects or services are included in this fee arrangement.

 

		c)	The Fee payable and (if applicable)
the expenses incurred by BW in relation to the assignment performed, will be paid to BW in arrears on the 10th day after the month
ended (the “Payment Date”), unless such date is not a business date (in which case the Payment Date will be the next
business day).

 

		d)	NIC shall reimburse BW for
reasonable costs incurred by BW in connection with the provision of the assignment (such costs are referred to as the “Expenses”).
All Expenses have to be pre-approved by a representative of the executive board.

 

		e)	No later than 1 week prior
to each Payment Date, BW will provide NIC with an invoice setting forth the Fee payable and (if applicable) expenses incurred
by BW in relation to the assignment performed during the respective month (the “Invoice”). If expenses are incurred,
BW has to specify the nature and amount of the expenses incurred and provide supporting documents per expense together with the
Invoice.

 

		f)	(NIC will grant BW the right,
which right BW may accept at its sole discretion, to acquire a number of shares equal to approximately 1 percent in the issued
and outstanding capital of NIC, each with a nominal value of $.038 (together the Shares), subject to (i) the terms and conditions
of a separate Agreement to be entered into between NIC and BW and (ii) the requirements resulting from the Articles of Association
of NIC and the shareholders agreement in relation to NIC. (a copy of both documents has been provided to BW (the Shares Right).

 

All Shares shall be granted under
the Israeli Incentive Awards Plan (the “Plan”) and Shares shall be subject to the terms and conditions of the Plan
and an Award Agreement to be executed between BW and (NIC).

 

Furthermore, all Shares shall
be granted to BW as a director of NIC, under Section 102 of the Income Tax Ordinance [New Version], 1961 (the “Ordinance”),
in accordance with the taxation route (capital gains) that shall apply to NIC at the date of grant (the “Taxation Route”).

 

Notwithstanding anything to the
contrary, the Shares shall only be granted after fulfillment of any procedure required by Section 102 of the Ordinance with regard
to grants made under the Plan and in accordance with the Taxation Route.

 

    2

     

    

 

 

		g)	In the event BW is structurally
not available to NIC for a period longer than 2 months, irrespective of the reasons thereof, parties will mutually decide to suspend
payment of the base fee and the executive board has the right to terminate the agreement.

 

		h)	NIC will provide BW with
a proper and market conforming D&O Insurance with a minimum coverage of $1 million per event. This amount will be adjusted
from time to time to follow the growth and increasing complexity of the company and is intended to increase to $5 million per
event by January 1, 2020. NIC will safeguard and fully indemnify BW against any claim form third parties coming forth from actions
by the company or decisions taken by the Board, except for gross negligence at the side of BW.

 

		5.	SEPARATE AGREEMENT

 

		a)	A separate agreement will
be composed to further detail the Shares Right upon the discussion with the corporate tax advisors of NIC. This agreement will
include the above (paragraph 4.2.1) and the following principles:

 

		i)	The share price is based
on the last funding that took place prior to signing this agreement which is $0.038.

 

		ii)	The total allocation is 1
percent of the outstanding shares.

 

		iii)	The Shares Right will be
vested over a period of three years, unless a change of control (sale of 90% of the entire issued and outstanding shares
in the capital of NIC to any third party appears prior to this date. In that case the Shares Right will be vested immediately
for BW to participate in this sale;

 

		iv)	The Shares Right shall vest
in quarterly installments on the first calendar day of each quarter following the start date of this agreement, but to a maximum
of 1/3 per calendar year until such Shares have become vested in full;

 

		v)	In all instances of termination
of the Agreement, the already vested shares will be transferred to BW) with a lock-up until the end of the three years period.

 

		b)	The Shares Right is subject to the adherence by BW to the Shareholders Agreement of NIC and
                                                                                                                 the terms and conditions thereof (as amended and restated from time to time), including the transfer restrictions, automatic
                                                                                                                 dilution, the Tag-Along Right and Drag-Along Right and USA SEC listing requirements.

 

		c)	BW agreeS that it will not
directly or indirectly, sell, hypothecate, pledge or otherwise encumber or dispose of, by operation of law or otherwise (collectively
Transfer) any Shares Right or Shares to be acquired as a result of the exercise of the Shares Right to any (third) party other
than with the approval of the Board.

 

		6.	INTELLECTUAL PROPERTY

 

		a)	The Parties acknowledge and
agree that all intellectual property rights and know- how of the Company rests solely and exclusively with the Company and all
of BW Intellectual property and know-how rests solely and exclusively with BW, unless assigned in writing by BW to the Company
under a separate IP assignment agreement entered between NIC and BW with respect to certain IP.

 

		b)	Reserved.

 

    3

     

    

 

 

		7.	NON-COMPETITION

 

		a)	For a period of one year
after termination of this Agreement, BW is not allowed, without the prior written approval of NIC to set up, carry on, alone or
with others, or cause to carry on, either directly or indirectly, a business that is in the field of infused cannabinoids (the
“Business”) or any affiliated company in the Netherlands, the UK, or any other country in which NIC operates, or to
have a beneficial interest (> 5%) in such a business or to work for such a business in any way, whether or not for payment.

 

		b)	Furthermore, for one year
after termination of this Agreement, BW is not allowed, without the written approval of NIC, to work in any way for, approach or
maintain business relationships with business relations of NIC and/or any affiliated company, including but not limited to any
service provider, agent, distributor, customer or supplier of NIC in the Business, unless the business relation was a contact
of BW prior to this Assignment with NIC. The above is irrespective of who first contacted whom.

 

		8.	TERMINATION

 

		a)	Both parties can terminate
the offering of the assignment as independent board member by written notice, considering a notice period of three (3) months.
The resignation of BW as independent director also leads to the termination of this agreement.

 

		b)	The termination of this Agreement
shall take effect three (3) months after the date on which the Board of NIC has adapted the resolution following the decision in
writing to terminate the contract.

 

		c)	Notwithstanding the provisions
of clause 8.a and 8.b, a Party may terminate this Agreement with immediate effect by giving a written notice to the other Party
upon the occurrence of any of the following events:

 

		i	bankruptcy, suspension of
payments, dissolution, settlement with creditors, legal merger or demerger of the other Party; or

 

		ii	a serious infringement or
breach by the other Party of any of its obligations under this Agreement, which has not been remedied within 14 (fourteen) days
as of the date on which the terminating Party has given to the other Party a written notice of such infringement or breach.

 

		9.	CONFIDENTIALITY

 

		a.	Confidential Information;

 

For the purpose of this Agreement
“Confidential Information” means all information relating to NIC or any of its affiliates (including, but not limited to,
any part of its business, operations, administration, processes, product information, financial affairs, trade secrets, and know
how), existing clients and prospective clients and investors.

 

    4

     

    

 

 

For the avoidance
of doubt, it is noted that Confidential Information includes all matters concerning the Storms- Vleeschdrager family and their
Family Office (STB Family Office Services B.V.).

 

		b)	Confidentiality undertaking;

 

BW will undertake:

 

		i.	the
utmost care to keep all Confidential Information securely and in confidence and not to disclose
such information to anyone, save to the extent permitted pursuant to the provisions of this Agreement;

 

		ii.	to ensure that all Confidential
Information is protected with security measures and a degree of care that would apply to its own confidential information (which
shall be no less than reasonable care and discretion); and

 

		iii.	not to use the Confidential
Information otherwise than for the purposes of or as envisaged by this Agreement and shall not disclose it to any Person, other
than as permitted under this Article.

 

		c)	Exceptions;

 

These confidentiality terms shall
not apply to the disclosure of Confidential Information if and to the extent:

 

		i.	the disclosure is required
by applicable law;

 

		ii.	the disclosure is required
by the rules of any securities exchange on which securities of the Receiving party or any related party thereof are, or are to
be, listed;

 

		iii.	the disclosure is required
by any court of competent jurisdiction or any competent judicial, governmental, supervisory or regulatory body; or

 

		iv.	that such information is
in the public domain other than through breach of this Agreement;

 

		d)	Disclose confidential information;

 

BW may disclose certain Confidential
Information on a confidential basis to a third party in connection with the Services it is performing on behalf of NIC after written
approval of NIC, provided that BW makes each such recipient aware of the obligations of confidentiality assumed by it under this
Agreement and provided that it uses all reasonable endeavors to ensure that such recipient complies with those obligations as
if it were a party to this Agreement.

 

		e)	Return information and documents

 

Upon
termination of this Agreement, BW shall immediately return to NIC any documents, correspondence or other information carriers
or copies of any such items belonging to NIC or any other member of the group, which are
in the possession of BW at the time of termination.

 

		f)	Survive termination;

 

Notwithstanding the other provisions
of this Agreement, the Parties agree that the provisions of this clause shall survive the termination of this Agreement.

 

    5

     

    

 

 

		10.	Reserved.

 

		11.	MISCELLANEOUS

 

		a)	Assignment

 

Neither Party may assign its
rights and/or obligations under this Agreement without the prior written consent of the other Party.

 

		b)	Previous arrangements

 

NIC and BW agree that the terms
and conditions of this Agreement shall replace all previous arrangements, promises and agreements, whether oral or in writing,
between NIC and BW in respect to his independent board member position.

 

		c)	Amendment

 

This Agreement shall not be amended
unless in writing signed by both Parties.

 

		d)	Partial invalidity

 

Should any of the provisions
of this Agreement be held to be invalid, void or unenforceable, the remaining provisions shall nevertheless remain in full force
and effect.

 

		e)	Counterparts

 

This Agreement may be executed
in two or more counterparts, all of which when so executed shall be deemed to be an original and all of which taken together shall
constitute to be one and the same Agreement binding on both Parties.

 

		f)	Electronic signatures

 

Electronic signatures shall have
the same legal effect as original signatures.

 

		g)	Governing Law and Jurisdiction

 

This Agreement shall be governed
by the laws of the state of New York, USA.

 

		h)	Any dispute arising under
this Agreement or from further Agreements, arrangements or undertakings resulting from this Agreement shall be submitted to the
competent court in New York, USA, to the exclusion of any other court.

 

SIGNATURE PAGE TO FOLLOW.

 

    6

     

    

 

 

IN WITNESS WHEREOF the parties
hereto have executed this Agreement in duplicate. 

 

	Natur International Corp.	 
	 	 
	R.D. Huisman, CFO	 
	 	 
	/s/ R.D. Huisman	 
	 	 
	Date: September 5, 2019	 
	 	 
	Mr. Boaz Wachtel	 
	 	 
	/s/ Boaz Wachtel	 
	 	 
	Date: September 5, 2019	 

 

 

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