Document:

Exhibit 10.13

 

PROVISION OF SERVICES AGREEMENT

Prepared and signed on the 16th
day of November, 2014.

 

BETWEEN

 

L. & S. LIGHT &
STRONG LIMITED

PRIVATE CO. NO. 514030471

Of Ha’Adom Street, Kanot
Industrial Park, PO Box 7042

Gadera 707000

(Hereinafter: “Company”)

Of the one part;

AND

 

Ofer Amir, ID No. 59297770

By Mr. Ofer Amir or a corporation
under his control

Of Hazorea 44, Kfar Shmaryahu

(Hereinafter: “Services
Provider”)

Of the other part;

 

	WHEREAS	and the Company is a private company, which was incorporate in Israel and which specialises in the manufacture of products from complex materials;
	AND WHEREAS	and the Company wishes to engage the Services Provider as a director in the Company in a manner and under the terms detailed hereunder in this Agreement;
	AND WHEREAS	and the Services Provider wishes to provide the Company with services as an active director, as detailed hereunder in this Agreement;
	AND WHEREAS	and in accordance with the Companies Law, 5759-1999 (hereinafter: Companies Law”), the consideration for the services that will be paid to the Services Provider by the Company is subject to the competent organs of the Company: the Company’s board of directors and the general meeting of the Company’s shareholders, which, as of the date of the signing of this Agreement, have not yet been received; 
	AND WHEREAS	and the parties wish to regulate and set in writing their relationship, all as set forth in this Agreement below;

 

    	 	1	 

     

    

 

NOW,
THEREFORE, the parties agree, condition and stipulate as follows:

 

		1.	PREAMBLE

 

		1.1.	The Preamble to this Agreement and the declarations of the parties constitute an inseparable part
thereof.

 

		1.2.	The section headings are for convenience only and they are not to be used for the interpretation
or clarification of this Agreement.

 

		1.3.	The Annexes to this Agreement constitute an inseparable part of this Agreement and the provisions
thereof. In the event of a contradiction, the provisions of the Annexes shall prevail over the Agreement.

 

		2.	THE ENGAGEMENT

 

		2.1.	The Services Provider shall render to the Company, as part
of the engagement which is the subject of this Agreement, his services as an active director in the Company (hereinafter: “Services”).

 

		2.2.	During the term of the engagement (as defined in Section
4.1 below), the Services Provider shall invest of his time and energy in the performance of his position as an active director
in the Company to a services extent equivalent to the extent of 50% of a [full time] position.

 

		2.3.	The Services Provider undertakes to conscientiously and
faithfully perform his position in the Company, and to invest of his time and energy and experience and knowledge in the performance
of his role and in promoting the Company’s business, subject to the Company’s policies, as they shall be from time
to time, and in accordance with the instructions that shall be given to him by the Company, according to that which has been agreed
as part of this Agreement. In addition, the Services Provider shall not engage in other activities in a manner that will prevent
him from performing his undertakings under this Agreement.

 

		3.	SUPERVISION BY THE COMPANY

 

The Services will be provided
by the Services Provider to the Company, and the Services Provider, in his role, will be directly subject to the Company’s
board of directors.

 

    	 	2	 

     

    

 

		4.	THE TERM OF THE ENGAGEMENT

 

		4.1.	The term of the engagement in accordance with this Agreement shall begin on November 1, 2014
and shall continue for as long as neither of the parties notifies of their intention to terminate the contract (hereinafter: “Engagement
Term”).

 

		4.2.	Notwithstanding the provision of Section 4.1 above, any of the parties to the Agreement is entitled
to terminate the Engagement Term under this Agreement, for any reason whatsoever, provided that they have given written notice
three months in advance to the other party, and this will not be considered as a breach of contract (hereinafter: “Advance
Notice” and “Advance Notice Period”, respectively).

 

		4.3.	In any case where one party announces the termination of the Agreement as provided in Section 4.2
above, the Services Provider will continue to provide services under this Agreement until the end of the Advance Notice Period,
provided that the Services Provider will be paid the full consideration in respect of the Advance Notice Period or the outstanding
Advance Notice Period, as applicable. Upon the termination of the contract between the Company and the Services Provider, the Services
Provider undertakes to do all it can to help the Company perform an orderly transition of the role to whomever is so appointed
by the Company.

 

		4.4.	Notwithstanding the provision of Section 4.2, the parties agree that the Company may terminate
the contract with the Services Provider immediately, without notice, in each of the following events:

 

		4.4.1.	The Services Provider violate s fundamental breach its obligations under this Agreement.
	 	 	 

		4.4.2.	The Services Provider is charged with committing a criminal offense involving moral turpitude.
	 	 	 

		4.4.3.	The Services Provider commences bankruptcy proceedings.
	 	 	 

		4.4.4.	The Services Provider dies and/or loses legal capacity and/or loses the ability to work for a period
exceeding 45 days.

 

		4.5.	Should the work of the Services Provider end or terminate for any reason, including, but not limited
to, in accordance with the matters aforementioned in this Section, the Services Provider undertakes to return to the Company, to
the place where the Company shall instruct him, immediately and without any delay, any written and/or printed and/or recorded and/or
typed material and/or any other information in his possession.

 

		4.6.	The Services Provider also undertakes to return to the Company any equipment and/or property belonging
to the Company and which is in his possession, in good working order as it was given to the Services Provider, except for any natural
depreciation and amortization in respect of reasonable use of the property.

 

    	 	3	 

     

    

 

		5.	COMPENSATION AND BENEFITS

 

		5.1.	In consideration for the performance of all of the Services Provider's obligations under this Agreement,
the Company will pay the Services Provider total consideration of NIS 19,000 (nineteen thousand NIS) plus VAT as per the law, for
each calendar month of work, from the start of the engagement, as stated in Section 4.1 above, and this as against a tax invoice
that shall be issued by the Services Provider to the Company (hereinafter: “Monthly Compensation”).

 

		5.2.	The parties agree that the dates for payment of the consideration will be up to the 10th
day of each calendar month in respect of the previous month, provided that the Services Provider has issued the Company a tax invoice,
as per the law.

 

		5.3.	It is hereby agreed and clarified beyond any doubt that in return for the provision of services
by the Services Provider to the Company, the Services Provider shall not be entitled to any payment, conditions, benefits or rights,
except as explicitly stated in this Agreement.

 

		5.4.	Notwithstanding the provision of Section 5.3 above, in addition to the Monthly Consideration, the
Services Provider shall be entitled to reimbursement of expenses and/or fees, the payment of which were required as part of the
provision of the Services by him to the Company, and this subject to the production of a tax invoice and/or receipt and their approval
by the management of the Company, including and up to the amount of NIS 3,000 and this against submission of invoices.

 

		6.	UNDERTAKINGS OF THE SERVICES PROVIDER

 

		6.1.	Without derogating from the other provisions of this Agreement, the Services Provider undertakes,
confirms and declares as follows:

 

		6.1.1.	That he has the skills necessary for the discharge of his duties as part of the Services Provider's
services.

 

		6.1.2.	That he will be entitled to provide services as a contractor to all whom it may concern throughout
the term of this Agreement, provided that this shall not affect the performance of his obligations under this Agreement.

 

		6.1.3.	That he will refuse to receive and shall not accept any payment and/or other benefit from any third
party with a direct or indirect connection with the services of the Services Provider which he renders for the company, including
from customers and/or suppliers of the Company.

 

    	 	4	 

     

    

 

		6.1.4.	That he will provide the services of the Services Provider to the Company with maximum discretion,
dedication and loyalty, using his full experience and knowledge for the benefit of the Company and for its advancement and through
avoidance of conflicts of interest.

 

		6.1.5.	That he will notify the Company, immediately and without delay, of any interest and/or subject
in which he has a personal interest and/or that may create a conflict of interest vis-à-vis the provision of the Services
to the Company.

 

		6.1.6.	That he will act in accordance with any law and legislation relating to the services mentioned
in this Agreement.

 

		6.1.7.	That, to the best of his knowledge, he has no restriction that prevents him from providing the
Services to the Company under this Agreement.

 

		6.1.8.	That he and/or the Services-Providing Worker have no criminal history and/or criminal record with
the Israel Police and, to the best of his knowledge, there is no reason that any claim and/or case and/or police investigation,
or otherwise, will be submitted/opened/managed against him.

 

		6.2.	The parties agree that the rights and undertakings of the Services Provider under this Agreement
are personal rights and the Services Provider will not be entitled to sell and/or transfer and/or assign and/or convert, etc.,
the rights and undertakings under this Agreement and/or any part thereof, either directly or indirectly, and in any form, to another
and/or others, for or without remuneration and/or in any other form, unless agreed otherwise and in writing in advance by the Company,
subject to the provisions of any law, including the convention of a meeting of the shareholders of the Company, should this be
necessary by law.

 

		6.3.	The matters stated in this section, and all of its sub-sections, is a fundamental term of this
Agreement.

 

		7.	CONFLICTING CLAIM

 

		7.1.	The Services Provider hereby declares that it is clear to him and that he agrees that the consideration
set forth in Section 5 above is based on his declarations herein this Section, the representation he made to the Company and the
basic premise of the Agreement, that there is no employer-employee relationship, and neither is one ongoing, between him and the
Company.

 

		7.2.	The Services Provider hereby declares that, as part of the provision of the Services by him pursuant
to this Agreement, there is no and neither shall there be any employer-employee relationship in existence, in any form and in any
way, between him and the Company.

 

    	 	5	 

     

    

 

		7.3.	It is fundamentally agreed, in a manner which permeates rights down to the root of the agreements
that form the subject matter of this Agreement, that the Monthly Compensation stipulated in Section 5 of this Agreement was determined
in consideration of the fact that the Services Provider is an independent contractor and not an "employee of a Company",
and based on his declarations in Sections 7 and 8 hereunder, the representation he made to the Company and the basic premise of
the Agreement, that there is no employer-employee relationship, and neither is one ongoing, between him and the Company. Therefore,
it is agreed that the Company will not, in respect of the engagement or termination of engagement of the Services Provider, including
termination of the provision of the Services to the Company by the Services Provider in his capacity as a director in the Company,
all other costs, including any social benefits (including annual leave, vacation pay, national insurance, severance pay, education
fund, holiday pay, reservist duty, maternity leave, car expenses, etc.) such that the said Monthly Compensation is the full, inclusive
and only cost to be borne by the Company in all matters concerning the services provided by the Services Provider, that are rendered
by him to the Company under this Agreement as an independent contractor.

 

		7.4.	The Services Provider hereby undertakes to indemnify the Company for any claim of any kind whatsoever,
that shall be filed against the Company, the grounds of which concern the question of the existence of an employer-employee relationship
and between the Services Provider or any employees of the private company, whether the claim is submitted by the Services Provider
and/or by an employee of his and/or by his successor and/or legal heir or by any third party.

 

		7.5.	Therefore, the Services Provider agrees that in any event in which he claims and/or demands, in
any way, rights from the Company that arise out of the existence of an employer-employee relationship and/or if it is determined
by a court of law and/or any other entity that an employer-employee relationship exists between him and the Company, notwithstanding
the provisions of this Agreement, the determinable wage as an employee of the Services Provider shall be calculated on a basis
of an amount equal to 70% of the consideration specified in Section 5 above, and the consideration shall be considered as though
having been agreed in the first place, and the Services Provider shall reimburse the Company the difference, in the rate of 30%
of the consideration plus linkage differentials and interest by law, from the date of payment of any consideration to the actual
payment.

 

The matters stated in this
section shall be applicable, whether a claim is raised regarding the existence of an employer-employee relationship in any way
and/or if a claim is filed against the Company and/or any company to which the Company is affiliated, by the Services Provider,
or whether it will be raised by an employee of the Services Provider and/or his successors and/or his estate and/or his heirs and/or
other third party associated with it, and in this respect the Services Provider and/or his estate will be considered as obligated
to make the abovementioned restitution, prior to the making of any payment to the Services Provider and/or his estate and/or successors.

    	 	6	 

     

    

 

		7.6.	The above does not derogate from any relief and/or other remedy available to the Company under
this Agreement and/or by law.

 

		7.7.	The matters stated in this section, and all of its sub-sections, is a fundamental term of this
Agreement.

 

		8.	THE STATUS OF THE SERVICES PROVIDER

 

		8.1.	Without derogating from the other provisions of this Agreement, it is agreed by the parties that
the Services Provider serves as an independent contractor for all intents and purposes and that there is no and neither shall
there be, in any way, an employer-employee relationship between him and the Company.

 

		8.2.	The parties agree that the Services Provider shall be solely responsible for his relationship with
the tax authorities, including with respect to income tax, national insurance and VAT.

 

		8.3.	The parties agree that the Services Provider shall himself pay all the taxes and/or fees and/or
governmental payments and/or other payments regarding the management of his business and, inter alia, concerning payment of income
tax, value added tax, national insurance fees, employers’ tax, and so on.

 

		8.4.	It is hereby agreed and clarified that the Services Provider is an independent contractor for the
performance of all of his undertakings under this Agreement, and that the contract with him as an independent contractor was made
in accordance with his express request. It is further clarified that the Services Provider shall not be considered as an employee
of the Company for any purpose whatsoever, and that there shall not be an employer-employee relationship between him and the Company.

 

		8.5.	The matters stated in this section, and all of its sub-sections, is a fundamental term of this
Agreement.

 

		9.	CONDITIONS PRECEDENT

 

In accordance with the provisions
of the Companies Law, the entry into force of this Agreement, including the payment of the Monthly Compensation, are conditioned
on the approval of the following organs: (a) approval of the Company’s board of directors, which was given by it on November
16, 2014; and (b) approval of the general meeting of the Company’s shareholders (as of the date of the signing of the Agreement,
the Company has summoned an ordinary and special general meeting, that shall convene on December 1, 2014).

 

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		10.	CONFIDENTIALITY, NON-COMPETITION AND CONFLICT OF INTEREST

 

The Services Provider undertakes
to sign on an undertaking that includes provisions relating to confidentiality and non-competition, attached herewith as Annex
A to this Agreement and, furthermore, shall undertake to the Company that:

 

		10.1.	The Services Provider undertakes to keep strictly confidential any data and/or document and/or
knowledge and/or information related to the provision of services to the Company and/or the Company's business activities. The
Services Provider is aware that all such information, which is not in the public domain, constitutes property belonging to the
Company. The aforementioned does not apply to information in the public domain, provided that it did not come into the public domain
as a result of an act or omission by the Services Provider and/or his representative. The above does not derogate from the authority
of the Services Provider to use the information, including to hand it to third parties, within and for the discharge of his duties
as CEO of the Company and performance of his role in it and to the extent that the matter is required [sic].

 

The
provisions of this section shall be applicable and shall bind the Services Provider without time limitation (even after the termination
or cancellation of this Agreement for any reason whatsoever), however they shall not apply or stop to apply, as appropriate, with
regard to said knowledge or information that is in the public domain on the date of the entry into force of this Agreement or that
will become part of the public domain thereafter not due to an action or omission of the Services Provider.

 

		10.2.	The Services Provider undertakes not to be in conflict of interest with his various businesses
and the service provided by him to the Company. In any event giving rise to a risk of a conflict of interests, the Services Provider
undertakes to notify the Company in advance and to obtain its approval in writing for the action, as described above.

 

		10.3.	In the course of the Agreement term and for an additional period of 12 months after its date of
termination (for any reason whatsoever that shall cause the termination of the Agreement), the Services Provider shall not engage
in and shall not provide services, whether directly or indirectly, including through a corporation in which he has economic interests,
in activities that compete with the Company’s operations and within the Company’s fields of business.

 

    	 	8	 

     

    

 

		10.4.	For the avoidance of doubt it is clarified that, thereafter the period of 12 months, as stated
in Section 10.3 above, the fact shall not considered as though derogating from the undertaking of confidentiality, as aforementioned
and in Annex A, which shall continue to exist and remain valid throughout the course of the period stated in Section 10.1
above.

 

		10.5.	The matters stated in this section, and all of its sub-sections, is a fundamental term of this
Agreement.

 

		11.	PROPERTY

 

		11.1.	Plans, opinions, ideas, trademarks, patents and intellectual property rights, etc., that will be
developed and/or prepared by the Services Provider for the Company and/or its customers, will, at all times, be the sole and exclusive
property of the Company and the Services Provider will not be entitled to any payment and/or remuneration and/or compensation in
respect of any of these.

 

		11.2.	Without derogating from the other undertakings of the Services Provider, the Services Provider
hereby undertakes to provide to the Company all the documentation in his possession concerning the provision of the services of
the Services Provider by him to the Company, including, but not limited to, the original plans, the original software and all documents,
information, databases, annotations and other information, whether written, whether in digital and/or analog or oral form or in
any other way under the provisions of this Agreement, whenever he shall be so requested and immediately upon being requested.

 

		11.3.	The Company may at any time, at its sole and absolute discretion, use the material and/or any information,
document, software, database, etc., or other information provided by the Services Provider and the Company may publish and/or provide
materials, in whole or in part, to whomever it considers fit, at its sole discretion, in any way, and all this without obtaining
any consent from the Services Provider.

 

		11.4.	Any notice, document, object, information, etc., which, in view of their nature, are not common
property, that are obtained by the Services Provider due to and/or in connection with the provision of the Services Provider’s
services, the Services Provider undertakes not to issue and/or transfer and/or disclose them to any third party and/or the public
domain, including any part thereof and/or any right in accordance therewith and/or any benefit whatsoever.

 

    	 	9	 

     

    

 

		12.	PROFESSIONAL LIABILITY AND CLAIMS

 

		12.1.	The Services Provider undertakes, by way of a fundamental undertaking the permeates to the root
of this Agreement, to notify the Company in writing immediately upon the occurrence of an event which can be considered as an event
that carries the risk that, thereafter, a claim shall be filed against the Services Provider and/or the Company in respect of negligence
and/or an omission and/or an act as part of the provision of the Services to the Company.

 

		12.2.	In addition, the Services Provider undertakes to notify the Company in writing of any claim and/or
demand and/or letter and/or complaint filed against him concerning his engagement as a provider of services, immediately and without
delay. In his said notice, the Services Provider shall specify all the details of the case and will provide the Company with the
relevant documents, all in order that the Company can consider the continued provision of the Services Provider's services by the
Services Provider to the Company, in view of the case.

 

		13.	MISCELLANEOUS

 

		13.1.	This Agreement consolidates all which has been agreed between the Services Provider and the Company.
Upon the signing of this Agreement, all agreements, understandings and letters of commitment exchanged between the parties prior
to the signing thereof, if any do exist, shall be null and void.

 

		13.2.	Each party shall bear its own expenses in respect of preparation of this Agreement.

 

		13.3.	The provisions of the agreements and arrangements that apply to the Company’s employees and
the working conditions of the Company’s employees, as well as the conditions applicable to other contractors working in the
Company (if any), shall not apply to the relationship between the Company and the Services Provider.

 

		13.4.	It is expressly agreed that the books and records of the Company shall constitute prima facie evidence
in respect of any record and any matter or transaction or account listed in them.

 

		13.5.	No conduct by either of the parties shall be deemed a waiver of any rights under this Agreement
and/or under any law, or as a waiver and consent on their part to some violation or failure to comply with the terms of the Agreement
by the other party or granting a postponement, extension or as a modification, cancellation, or the addition of a provision of
any kind, unless expressly made in writing.

 

		13.6.	Any change, cancellation, addition or amendment to this Agreement shall be made in writing and
shall be binding only after it has been signed by both parties.

 

		13.7.	The competent court in Tel Aviv is hereby granted the sole and exclusive authority to hear any
dispute arising between the parties in connection with this Agreement and/or the provision of the Services Provider’s services
in accordance with this Agreement.

 

    	 	10	 

     

    

 

		14.	NOTICES AND ADDRESSES
	 	 	 

		14.1.	The addresses of the parties for the purposes of this Agreement are as set out in the preamble
to this Agreement or any other address of any party that is notified in writing by it to all other parties.

 

		14.2.	Every notice sent from one side to the other shall be sent by fax and also in writing by way of
registered mail to the address listed in the preamble to this Agreement and/or delivered by hand. A notice given by mail shall
be deemed received within 72 hours from the time it was sent by registered mail in Israel. A notice delivered by hand will be deemed
received immediately upon delivery. For the purposes of this Section, Sabbaths and Israeli public holidays shall not be taken into
account.

 

IN WITNESS WHEREOF THE PARTIES SIGNED:

 

	___________________________	  	__________________________
	The Company	 	Services Provider

 

    	 	11	 

     

    

 

ANNEX A

 

To:

 

L. & S. Light & Strong Ltd.

 

Dear Sirs,

 

RE: CONFIDENTIALITY DECLARATION AND
UNDERTAKING

 

The Undersigned confirms, declares and
undertakes to you the following:

 

		1.	I undertake to keep fully confidential and not to disclose to anyone any "Confidential Information",
as defined in Section 2 below, of the Company, including the Company's trade secrets and/or any inside information, professional,
commercial, financial or other knowledge related directly or indirectly to the Company and/or the Company's customers, including
procedures and/or practices, costs, prices, etc., both during the period of my work with the Company and/or the provision of services
by me to the Company, and thereafter, as provided in Section 4 below. Notwithstanding the foregoing, it agreed that my above undertaking
shall not apply with respect to providing information to third parties if this is necessary for the discharge of my functions.

 

		2.	To take all the usual precautions to protect the Confidential Information and to prevent its transfer
to and/or receipt by any third party, to the extent that it is dependent on me;

 

"Confidential Information"
means – all information of any kind whatsoever of the Company, including but not limited to – knowledge, or part of
it, information, drawings, sketches, plans, development, discovery, invention, designs, patents, including pending patents, commercial
trademarks, registered trademarks, trading names, specifications, tables, examples, markets, prices, trade and business secrets,
technology, artifacts, software, hardware, source code, as well as any information that does not constitute publicly published
information and/or information provided to a third party that is not part of the Company that concerns and/or relates to the Company’s
field of operations, including products of the Company which it is developing and/or producing and/or that is shall develop and/or
produce in the future;

 

Should I be required by law to
provide the Confidential Information and/or any part of it, I undertake to notify immediately in writing of this, in order that
the Company executives may consider appropriate legal action and/or waiver of the applicability of this Letter of Undertaking in
respect of the information required;

 

		3.	All rights, including the right to file patent applications, the right to patent, copyright and
industrial or intellectual property of any kind, in respect of inventions (patentable or otherwise), advances, developments, improvements,
ideas, applications, etc., that I or another employee of the Company with whom I work, shall invent, develop, conceive of or reach
me otherwise, in connection with my work with the Company and/or the provision of the management services that I provide to the
Company, and/or in connection with the Company’s lines of business as they are and as may be from time to time, shall be
attributable to the Company’s property, and will belong to it for all intents and purposes, in a manner which will entitle
it to act as an owner in respect of them.

 

    	 	12	 

     

    

 

For the avoidance of doubt, the
provisions of this section shall also apply in respect of a service invention, as defined in the Patents Law, 5727-1967, however,
under no circumstances will the service invention become my property unless the Company agrees to this in advance, explicitly and
in writing.

 

I have been made aware that I
will not be entitled to royalties or other payments in respect of or in connection with the rights set forth in this subsection
and/or service invention and/or in connection with commercial or other exploitation of rights and/or the said invention.

 

		4.	My undertakings, as aforementioned in the section above, shall remain valid and bind me forever,
whether I continue in my role as a director in the Company or not.

 

		5.	I hereby undertake not to transfer or disclose, without your permission, the Confidential Information
as defined above to any third party.

 

		6.	I am aware that transfer of the information to any third party, except for the undersigned requires
your permission in advance and in writing, and this according to your sole and absolute discretion with regard to the grant or
refusal to grant permission to a third party, as aforesaid, and this without any obligation on you to provide any reasoning whatsoever,
and that that party is required to sign in advance and in writing on a letter of undertaking, in this form, to you.

 

		7.	I undertake to take all precautions in order to prevent the possibility that secret information
will leave my possession and reach whomever has not been authorized for this in advance and in writing by you.

 

		8.	I further undertake not to make any user of the information, whether directly and/or indirectly,
except for the sole purpose for which the information is given to me, which is the provision of services as a director in the Company.

 

		9.	I am further aware that my said undertakings and declarations
are irrevocable and that a breach thereof shall constitute a fundamental breach of the Provision of Services Agreement signed
between us, and shall justify the lawful and immediate termination of the Agreement and/or termination of the engagement as per
the Agreement, and this without derogating from any other right available to the Company following the aforementioned breach.

 

In addition to the aforesaid,
I, the undersigned, confirm, declare and undertake to you the following:

 

		10.	In order to protect the commercial secrets and legitimate interests of the Company, in the course
of the provision of the Services that I shall render to the Company, I hereby undertake not to engage, as an employee, or as an
independent contractor, consultant or in any other way, and not to be a partner, shareholder, director or manager in a corporation
or business that directly or indirectly engages in the Company’s fields of business.

 

		11.	Moreover, I hereby undertake not to solicit, directly or indirectly, any director, officeholder,
employee, supplier or customer of the Company to terminate their engagement with the Company, and also not to employ whoever is
or was in the course of the preceding 12 (twelve) months, or part of them, an employee, director or officeholder of the Company,
without the prior written consent of the Company’s board of directors.

 

    	 	13	 

     

    

 

		12.	I undertake not to join (as a partner, shareholder, employee, consultant, independent contractor
or in any other way) any entity that competes directly with the Company or an entity that competes for a commercial opportunity
that was considered or is considered by the Company in the course of my work with the Company as a Services Provider.

 

		13.	My undertakings in the above Sections 11-13 shall remain valid in the course of my engagement with
the Company, and for 12 months following the termination of my work in the Company.

 

		14.	This Letter, and the agreements and undertakings contained in it or associated with it, shall be
construed and enforced under the laws of the State of Israel.

 

IN WITNESS WHEREOF, I have signed:

 

	Date: 	 	 
	 	 
	 	 
	 	 
	Services Provider	 

 

    	 	14Exhibit 10.14

 

COMPANIES LAW, 5759-1999

 

ARTICLES FOR MANAGEMENT OF A PRIVATE
COMPANY LIMITED BY SHARES

 

General

 

	1.	Company name in Hebrew:	L&S Light
    and Strong Ltd
	 	Company name in English:	L&S Light and Strong Ltd
	 	Company number:	514030741

 

Interpretation
and definitions

 

	2.	2.1	The rules laid down in the Law (within the meaning of the
    term in these Articles) shall apply to and bind the company, its shareholders and company officers, unless other rules are
    laid down in these Articles which are valid under the law applicable to the matter.  

 

		2.2	The terms mentioned in these Articles
                                         shall have the meaning given to them in the Law (within its meaning below). If a term
                                         has not been given any meaning in the Law it shall have the meaning given to it in the
                                         Ordinance (insofar as it applies at the time of these Articles coming into effect), all
                                         subject to anything expressly stated in these Articles, unless the context necessitates
                                         otherwise.

 

		2.3	In these Articles the following terms
                                         shall have the meaning given to them which appears alongside them on the right side of
                                         the table below:

 

	the Law	-	 the Companies Law, 5759-1999 and the regulations which
    have been and will be enacted thereunder
	the Ordinance	-	the Companies Ordinance [New Version] and the regulations enacted thereunder
    which are in force at the time of these Articles coming into effect
	these Articles	-	these Articles as they shall be in force at the relevant times

 

		2.4	Anything stated in the singular shall
                                         include the plural and vice versa. Anything stated in the masculine shall include the
                                         feminine and vice versa, and any reference to a person shall include a corporation and
                                         vice versa.

 

Limitation
of liability

 

		3.	The liability of a shareholder in the company
                                         for the company's debts shall be limited to payment of the full allocation price of the
                                         shares owned by him. On payment of the aforesaid allocation price the shareholder and
                                         the transferees shall not have any debt to the company, except under a written undertaking
                                         or under the provisions of any law.

 

     

     

    

 

The
company as a private company

 

		4.	The company shall be a private company and
                                         the following provisions shall therefore apply to it and with regard to it:

 

		4.1	The right of transfer of shares shall
                                         be restricted as laid down in these Articles.

 

		4.2	The number of members of the company
                                         shall not exceed fifty, except people who work for the company and/or who worked for
                                         it and during the period of their employment were and also after their employment continued
                                         to be members of the company. For the purpose of this sub-clause two (or more) people
                                         who hold one share jointly shall be deemed to be one shareholder.

 

		4.3	The company may have only one shareholder.

 

		4.4	From time to time the company may donate
                                         reasonable amounts from its profits to worthy causes, even if this donation is not intended
                                         to maximize the company's profits and is not based on business considerations.

 

The
objects

 

		5.	The objects for which the company was founded:

 

			To initiate, organize, conduct and engage
                                         in any business and matter in Israel and abroad, which is permitted by any law.

 

The
company's capital and the shares

 

	6.	6.1	The company's authorized share capital shall have no par
    value and shall be divided into 1,000,000,000 ordinary no par value shares.

 

		6.2	The ordinary shares shall have equal
                                         rights and shall confer the following rights on their holders:

 

		6.2.1	Each ordinary share shall confer on
                                         its holder the right to be invited to meetings of the company of all kinds, to participate
                                         in votes and to vote at them, with each holder of a share who is present at a meeting,
                                         whether personally or by means of a proxy, having one vote per share.

 

		6.2.2	Each ordinary share shall confer on
                                         its holder the right to participate in the distribution of the company's profits, to
                                         receive a dividend and benefits from the company and the right to participate in the
                                         distribution of the company's surplus property on its winding up, and in the case of
                                         winding up to receive its par value together with any premium which was paid for it.

 

     

     

    

 

The
company

 

	7.	7.1	The general meeting

 

		7.1.1	General meetings of the company shall
                                         be convened at least once every 12 (twelve) months, at a date and place to be determined
                                         by the board of directors, but not later than 15 (fifteen) months after the last previous
                                         general meeting. These general meetings shall be called "ordinary meetings".
                                         The other meetings of the company shall be called "special meetings". The ordinary
                                         meeting shall receive the directors' report and shall discuss it, shall receive the financial
                                         statements and the balance sheet, shall appoint an auditor and shall discuss all the
                                         other matters which must be discussed at the annual general meeting of the company according
                                         to these Articles or according to the Law.

 

		7.1.2	The directors may convene a special
                                         meeting whenever they see fit, and they are obliged to convene an extraordinary meeting
                                         at the demand of anyone entitled to demand the holding thereof under Section 63 of the
                                         Law, and if it is not convened by the directors, those demanding it may convene it, on
                                         the conditions laid down in Section 64 of the Law. Any demand to convene a meeting shall
                                         state the purposes for which it is requested that the meeting be called, and shall be
                                         delivered to the office signed by those demanding it.

 

		7.1.3	The notices of the holding of the
                                         general meeting – whether ordinary or special - shall be delivered to everyone
                                         entitled to participate in it, not later than 14 days before the date of holding it,
                                         in the manner determined by the company at the shareholders' meeting, but it shall not
                                         be necessary to give notice of the holding of a general meeting by an announcement in
                                         a newspaper unless the board of directors has expressly stated this.

 

			Notwithstanding the aforesaid, the board
                                         of directors of the company may call a general meeting of the company by notice shorter
                                         than specified above (but in any case of at least 7 days) if an urgent decision is required.
                                         In addition, by agreement of all the members who are entitled to receive notice of a
                                         particular meeting, that meeting can be called by notice shorter than that specified
                                         in this Article, and in a manner which the shareholders consider appropriate. If all
                                         the shareholders who are entitled to receive an invitation to a meeting have passed a
                                         resolution waiving delivery of prior invitation, the aforesaid meeting shall be deemed
                                         to be a meeting which was duly convened.

 

		7.1.4	Notice of a general meeting shall
                                         state the place and date of the meeting and the agenda and reasonable details of the
                                         matters for discussion.

 

     

     

    

 

		7.1.5	The agenda of the general meeting
                                         shall be determined by the board of directors and shall include both matters for which
                                         the convening of a special meeting was demanded under Article 7.1.2 above and a matter
                                         requested by one or more shareholders having at least 10% (ten) percent of the voting
                                         rights at the general meeting, provided that the matter is appropriate for discussion
                                         at a general meeting. The board of directors of the company shall give all the members
                                         of the company written notice, which shall set out the final agenda determined for the
                                         general meeting, not later than 7 days before the intended date of the meeting.

 

			If the agenda of the meeting includes a
                                         proposal for alteration of the Articles, the wording of the proposed alteration shall
                                         be attached to the aforesaid notice.

 

		7.1.6	At the general meeting resolutions
                                         shall only be passed on the matters set out in the agenda.

 

		7.1.7	A quorum at the general meeting (including
                                         a postponed meeting) shall exist when a number of members having more than half the votes
                                         entitled to vote at company meetings are present. If the necessary quorum does not appear,
                                         the meeting shall be postponed to a week after the original date (and if that date is
                                         a Saturday or holiday – to the first business day thereafter), at the same place
                                         and time. A quorum at a postponed meeting shall exist when a number of members having
                                         more than 25% of the votes entitled to vote at company meetings are present.

 

		7.1.8	The person serving as chairman of
                                         the board of directors at the time of holding the meeting shall serve as chairman of
                                         the general meeting (and in his absence another member of the board of directors and/or
                                         any third party elected by the meeting shall serve as chairman of the meeting).

 

		7.1.9	At company meetings the holder of
                                         more than one ordinary share shall be represented by not more than one representative,
                                         and each shareholder in the company shall have the same number of votes as the number
                                         of the ordinary shares owned by him.

 

		7.1.10	Subject to any law, proposals put
                                         to the vote at the general meeting shall be passed by an ordinary majority of the ordinary
                                         shareholders.

 

		7.1.12	The
                                         general meeting may assume powers granted to the board of directors or to another organ,
                                         whether generally or for a particular matter or particular period of time. If the general
                                         meeting assumes powers granted to other organs of the company as stated in this sub-clause,
                                         the provisions of the Law which apply to the matter shall apply with regard to the members.

 

     

     

    

 

		7.2	The board of directors

 

		7.2.1	The board of directors of the company
                                         shall consist of between 2 directors and 11 directors. Directors shall be appointed to
                                         the board of directors of the company by written notice by a shareholder who holds more
                                         than 10% of the issued and paid up share capital of the company.

 

			Such a shareholder shall be entitled to
                                         appoint one director to the board of directors of the company for each 10% of the issued
                                         and paid up share capital of the company held by him (in other words, a shareholder who
                                         holds 20% of the issued and paid up share capital of the company shall be entitled to
                                         appoint 2 directors to the board of directors of the company).

 

		7.2.2	Subject to the provisions of the Articles
                                         of the company, the office of a member of the board of directors of the company shall
                                         become vacant, be terminated or expire on the occurrence of one (or more) of the following:

 

		(a)	On the death (Heaven forbid) of the
                                         director

 

		(b)	The director has been declared incompetent

 

		(c)	The director has become bankrupt

 

		(d)	If the appointment was conditional upon
                                         the occurrence of any event- at the time when the event took place or ceased to exist,
                                         as the case may be

 

		(e)	On the provisions of Section 232 of
                                         the Law being met

 

		(f)	In accordance with a court decision
                                         as stated in Section 233 of the Law

 

		7.2.3	If the position of a director who
                                         was appointed by one of the shareholders of the company (as stated in sub-clause 7.2.1
                                         above) has become vacant, and the percentage of the appointing shareholder's holdings
                                         in the company's shares has not decreased from what it was at the time of the appointment,
                                         that shareholder may appoint another director in the place of the one whose position
                                         has become vacant.

 

     

     

    

 

		7.3	Operation of the board of directors

 

		7.3.1	The chairman of the board of directors
                                         (and in his absence – the chairman of any meeting) shall be appointed by the board
                                         of directors from among its members.

 

		7.3.2	The quorum required for meetings of
                                         the board of directors, unless a special quorum is required for a particular matter,
                                         shall be such number of directors as constitutes a majority of the directors holding
                                         office in the company.

 

			If a meeting of the board of directors
                                         of the company has been duly called and at the appointed date and time an appropriate
                                         quorum is not present, the meeting shall be postponed to the same time and place after
                                         the passage of 7 days (and if a festival or public holiday falls on that date –
                                         to the first business day thereafter), and in such a case at least one-third of the members
                                         of the board of directors shall constitute a proper quorum.

 

		7.3.3	The holding of meetings of the board
                                         of directors requires advance notice of at least 7 days, but all the directors, by unanimous
                                         resolution, may decide on the holding of a meeting of the board of directors even without
                                         fulfillment of this condition. The notice of the meeting shall be in writing and the
                                         chairman of the board of directors, or any of the members of the board of directors,
                                         shall have the power to call a meeting of the board of directors.

 

		7.3.4	Subject to the provisions of sub-clause
                                         7.3.5 below, resolutions shall not be passed at meetings of the board of directors unless
                                         the meeting was duly convened and the quorum as stated above is present. The board of
                                         directors may hold a discussion and pass resolutions even if some of its members participate
                                         in the meeting through means of communication, subject to the provisions of the Law on
                                         the matter.

 

		7.3.5	Any proposed resolution, in writing,
                                         which has been signed by all the members of the board of directors holding office at
                                         that time shall be deemed to have been passed by the board of directors at a duly convened
                                         meeting.

 

		7.4	Voting at meetings of the board of
                                         directors

 

		7.4.1	Proposals put to the vote at meetings
                                         of the board of directors shall be passed by a majority of votes.

 

		7.4.2	In votes which are held by the board
                                         of directors each member of the board of directors shall have one vote.

 

     

     

    

 

		7.4.3	The chairman of the board of directors
                                         of the company (or the chairman of any meeting – in the absence of the chairman
                                         of the board of directors) shall not have a casting vote or additional vote in votes
                                         of the board of directors.

 

		7.4.4	Subject to the provisions of any law
                                         applicable in the matter, a member of the board of directors may give a proxy to another
                                         to participate in and vote in his name and place at meetings of the board of directors
                                         without having to give advance notice of appointment of the proxy and/or to deposit the
                                         proxy document in advance at the company's offices. It is clarified that any director
                                         may act as proxy of another director and vote at any meeting in his name and in the name
                                         of another director who has given him a proxy, provided that at the beginning of the
                                         meeting he has exhibited an appropriate proxy document from the director who gave him
                                         the proxy.

 

		7.4.5	An alternate for a member of the board
                                         of directors shall have the same number of votes as the votes of the member for whom
                                         he is substituting (and if the alternate is himself a member of the board of directors
                                         his vote shall be in addition to the vote of the member for whom he is substituting).

 

		7.5	Company officers

 

A person who serves in the position
of CEO of the company shall be appointed by the board of directors of the company on the basis of his qualifications and suitability
for the position and without regard to any connection which exists (or does not exist) between him and any of the shareholders
of the company. The other officers of the company (except the directors and committees of the board of directors) shall be appointed
by the CEO with the approval of the board of directors.

 

Restriction of transferability and
holding of the shares allocated from the company's capital

 

	8.	8.1	Subject to the restrictions set out in these Articles,
    the company's shares shall be transferable. However, a shareholder in the company who wishes to transfer them (hereinafter
    – 'the offeror') shall not be permitted, subject to the provisions of sub-clauses 8.2 and 8.3 below in particular and
    to these Articles in general, to transfer his shares or any part of them, for consideration and/or without consideration and/or
    in any other manner, unless he has first offered them to all the other shareholders in the company at that time (hereinafter
    – 'the offerees'), and they shall have a preemptive right, on right of first refusal terms, to purchase the offered
    shares.

 

		8.1.1	The offer shall be in writing, it
                                         shall state the number of shares for sale or transfer, the name of the person or corporation
                                         to whom the offeror shareholder wishes to sell or transfer the offered shares, the sum
                                         requested for the shares offered for sale, the payment terms and all other relevant information
                                         (hereinafter in this clause – 'the offer').

 

     

     

    

 

		8.1.2	The offer shall be sent to all the
                                         offerees at their addresses recorded in the company's registers.

 

		8.1.3	A copy of each such offer sent to
                                         the offerees shall also be sent to the company's head office by the offeror.

 

		8.1.4	Within 21 days from the date of receipt
                                         of the offer (hereinafter – 'the right of refusal period') as aforesaid, the offerees
                                         (each of them) shall have the right to purchase all the offered shares. The right of
                                         refusal under this clause shall be exercised by sending or delivering an unqualified
                                         notice in writing by the offerees, which shall be delivered to the offeror and the company
                                         before the end of the period of time designated for this (hereinafter in this clause
                                         – 'acceptance notice').

 

		8.1.5	The shares and/or rights offered,
                                         as stated in the offer, shall be transferred and sold within 5 business days from the
                                         end of the aforesaid 21-day period, to each offeree who gave an acceptance notice, on
                                         the terms of the offer and on payment of the consideration specified in the offer.

 

		8.1.6	If more than one of the offerees gives
                                         notice of his wish to purchase the offered shares, the members who have given such notices
                                         and ordered the offered shares may purchase the offered shares by division among themselves
                                         pro rata to the percentages of their holdings in the shares of the company at that time,
                                         on the terms of the offer and on payment of the consideration specified in the offer.

 

		8.1.7	If all the offerees give notice of
                                         their refusal to purchase the offered shares, or do not respond at all and/or do not
                                         transfer funds on account of the offered shares, on the dates required under this Article
                                         8.1, they shall be deemed to have refused to purchase the offered shares. If only some
                                         of the offerees have given notice of acceptance with regard to only some of the offered
                                         shares, the members exercising their rights shall be entitled to purchase the balance
                                         of the offered shares within 7 further days by division among themselves as agreed among
                                         themselves and in the absence of agreement by division in accordance with the percentages
                                         of their holdings in the shares of the company at that time.

 

		8.1.8	If the members do not exercise their
                                         right to purchase all the offered shares as aforesaid, the offeror shareholder shall
                                         be permitted (subject to the provisions of the Articles below) to transfer all the offered
                                         shares to the party mentioned in his offer, on the terms stated in his offer, during
                                         a further period of 30 days from the end of the right of refusal period which was given
                                         to the members.

 

     

     

    

 

		8.1.9	If the offeror shareholder does not
                                         transfer the shares offered by him as aforesaid, within the abovementioned period, he
                                         shall no longer be permitted to transfer his shares (or any part of them) to another/others
                                         unless he first offers them again, as set out in this clause, and in such a case the
                                         abovementioned offer shall be deemed to be a new offer, and all the provisions of this
                                         clause, with all that they involve, shall apply.

 

		8.2	Notwithstanding all that has been stated
                                         above, transfer of shares in the company requires the approval of the board of directors
                                         of the company. The board of directors may refuse to register a transfer of shares in
                                         the name of a proposed purchaser who is not a shareholder in the company before that
                                         date only if there are reasonable and weighty grounds, which shall be set out by it in
                                         the notice of refusal, and the existence of which may materially harm the company's business,
                                         as illustrated in the last paragraph of this sub-clause 8.2.

 

			After delivery of the offeror shareholder's
                                         offer to the board of directors and to the company, the board of directors shall be obliged
                                         to give notice of its refusal to register the transfer of shares to the proposed transferee,
                                         within 21 days from the date of receipt of the offeror shareholder's offer. If a notice
                                         of refusal is not given within the aforesaid period of time, the board of directors shall
                                         no longer be permitted to refuse to register the aforesaid transfer of shares.

 

			Without derogating from the powers granted
                                         to the board of directors in these Articles and without the following constituting a
                                         closed list of cases, the board of directors may refuse to register transfer of shares
                                         on account of the transferee or the controlling shareholder therein having a conflict
                                         of interest with the company, on account of the transferee or its directors having been
                                         convicted of offences of moral turpitude.

 

		8.3	Notwithstanding all the aforesaid, a
                                         shareholder may transfer and/or bequeath his shares, without having to offer them to
                                         the other shareholders, to his first-degree relatives (father, mother, son, daughter,
                                         grandson, granddaughter, brother, sister, husband, wife) (if he is an individual) and
                                         to corporations under its full control or to another corporation under the control of
                                         the shareholders therein or to the shareholders therein (if it is a corporation) (hereinafter:
                                         "authorized transferee").

 

		8.4	Each shareholder who transfers shares
                                         in the company to another and/or others undertakes to ensure that the purchaser or transferee
                                         accepts the rights (which are linked to the transferred shares) and obligations of the
                                         transferring shareholder vis-à-vis the company and vis-à-vis the other
                                         shareholders in the company as they are at that time, including his obligations under
                                         these Articles and including, but not limited to, his obligations under this section.

 

     

     

    

			

 

Participation in sale of shares in
the company (Tag Along)

 

	9.	9.1	If a shareholder (hereinafter: "the seller")
    wishes to sell more than 20% of the total issued and paid up share capital of the company to someone who is not his authorized
    transferee (hereinafter: "the purchaser" or "the sale transaction", as the case may be), the other shareholders
    shall have the right to participate in the sale transaction on the same terms as agreed between the purchaser and the seller,
    pro rata to the number of shares in the company held by the seller at that time compared with the number of shares in the
    company held at that time by the other shareholders who wish to participate in the sale transaction.

 

		9.2	The manner of exercising the tag-along
                                         right shall be as follows:

 

		9.2.1	Within 21 (twenty-one) days from the
                                         date of receipt of written notice from the seller of the offer for the sale of his shares,
                                         the other shareholders shall give notice as to whether they intend to participate in
                                         the sale transaction (hereinafter: "the tag-along notice"). The tag-along notice
                                         shall be irrevocable and unconditional, but the other shareholders may participate in
                                         the sale transaction in a number of shares in the company which is less than the pro
                                         rata number to which they are entitled as stated in Article 9.1.

 

		9.2.2	If the tag-along notice is given on
                                         the date fixed for this, the shares in the company held by the other shareholders shall
                                         be included in the sale transaction as stated in Article 9.1.

 

		9.3	Approval of transfer of the shares to
                                         the purchaser shall be conditional upon the seller and the purchaser delivering an affidavit
                                         signed by each of them separately to the other shareholders, which confirms that the
                                         sale transaction will be carried out in accordance with the terms set out in the offer,
                                         that the consideration for the shares has been paid in full and that there are no additional
                                         agreements or arrangements between the seller and the purchaser which are directly or
                                         indirectly related to the shares being transferred, to the price and to the terms of
                                         purchase thereof as set out in the offer.

 

		9.5	If
                                         the shares are not sold within 30 days from the end of the 21-day period mentioned in
                                         sub-clause 9.2.1 above, the shareholder's rights as stated in clause 8 and in sub-clause
                                         9.1 above shall apply again.

 

		9.6	In the case of a clash between the rights
                                         granted under clause 8 and the rights granted under this clause 9, the provisions of
                                         clause 8 shall prevail.

 

     

     

    

 

The right to participate in allocation
of shares (Preemptive Right)

 

	10.	10.1	Without derogating from the provisions of these Articles,
    in a case where the company wishes to raise capital by means of allocation of shares or any other securities exercisable as
    or convertible into shares, other than by a public issue, the shareholders in the company at that time shall be given the
    right to participate in the capital raising on the terms set out in the company's notice and to purchase the issued shares
    in a distribution which implements the aforesaid right, pro rata to their holdings in the company's shares at that time, provided
    that they undertake to do so within 30 days from the date of the offer by the company.

 

		10.2	To remove doubt it is clarified that
                                         each of the shareholders in the company who wishes to exercise the right as stated in
                                         sub-clause 10.1 above shall be entitled to exercise his right with regard to all or part
                                         of the quota of shares in his portion of the allocation as stated above. If a shareholder
                                         refrains from or refuses to exercise the aforesaid right in respect of his portion, in
                                         whole or in part, the balance shall be offered to the other shareholders who have exercised
                                         their right, pro rata, and they shall be given the right to acquire the balance of the
                                         shares within 7 further days by distribution among them pro rata to their holdings in
                                         the ordinary shares of the company at that time.

 

		10.3	If the capital is not raised by the
                                         company as stated in sub-clause 10.1 above within 45 days from the date of delivery of
                                         the notice to the shareholders in the company, the shareholders' right shall apply again.

 

		10.4	The provisions of this clause 10 shall
                                         not apply to allocation of shares in the company to its employees or in the case of exercise
                                         of options which have been or will be given to employees and other key people in accordance
                                         with valid resolutions of the board of directors of the company.

 

Forced
sale of shares of a shareholder in the company (Bring Along)

 

		11.	If any third party who is not a shareholder
                                         in the company has offered to purchase all the ordinary shares in the company and the
                                         shareholders who hold 60% or more of the ordinary shares of the company have agreed to
                                         the offer within 14 days from the date of receipt thereof, the offeror, within 14 further
                                         days, may give notice in writing to all the other shareholders who have not agreed to
                                         the offer, through the board of directors of the company, that he wishes to purchase
                                         the ordinary shares in the company owned by all those shareholders, and those shareholders
                                         shall be obliged to sell their shares to the offeror within 14 days from the date of
                                         receipt of the notice, at the same price and on the same terms as the rest of the ordinary
                                         shares will be sold. As soon as the determining percentage of shareholders who wish to
                                         sell as stated above is obtained, any transfer of shares in the company is prohibited,
                                         and it is prohibited to carry out any transaction in shares and/or to grant any proprietary
                                         right in them, including not imposing attachments or liens on them. It is hereby clarified
                                         that the aforesaid does not derogate from the right set out in Article 8 above.

 

     

     

    

 

Financing the company's operations

 

	12.	12.1	If the company requires capital to finance its operations,
    in accordance with a resolution of the board of directors of the company the company shall approach its shareholders with
    an offer to them to participate in the anticipated capital raising as set out in clause 10 above (hereinafter – 'the
    capital raising').

 

		12.2	If any of the holders of the issued
                                         shares in the capital of the company refuses to or refrains from participating in the
                                         aforesaid capital raising, subject to an appropriate resolution being passed the percentage
                                         of his shareholding in the company shall be diluted as necessitated by the participation
                                         of the other shareholders in the capital raising.

 

Signing
rights and funds

 

	13.	13.1	The signing rights in the company shall be determined from
    time to time by the board of directors of the company.

 

		13.2	Subject to valid resolutions of the
                                         board of directors of the company, all the company's funds shall be deposited, immediately
                                         upon receipt thereof, in the company’s bank account(s), and all the company’s
                                         expenses – except those paid from the petty cash fund which shall be maintained
                                         by the company, as is customary and in accordance with the directives of the tax authorities
                                         – shall be paid by drawing cheques on the company's bank account(s) and/or by bank
                                         transfers.

 

Insurance
and indemnity

 

	14.	14.1	Subject to the provisions of Section 261 of the Companies
    Law, the company shall be permitted (but not obliged) to enter into a contract for  insurance of the liability of
    a company officer, wholly or partly, on account of any of the following:

 

		14.1.1	Breach of the duty of care to the
                                         company or to another person

 

		14.1.2	Breach of fiduciary duty to the company,
                                         provided that the company officer acted in good faith and had reasonable grounds to assume
                                         that the action would not harm the company's interests.

 

		14.1.3	Financial liability imposed on him
                                         in favour of another person, on account of action which he took in his capacity as a
                                         company officer.

 

		14.2	Subject to Section 260 of the Companies
                                         Law, the company shall be permitted (but not obliged) to exempt a company officer (even
                                         in advance) from liability for damage as a result of breach of the duty of care to it,
                                         but the company may not exempt a director in advance from his liability to it as a result
                                         of breach of the duty of care in distribution. In addition, the company may indemnify
                                         a company officer on account of any of the following:

 

     

     

    

 

		14.2.1	Financial liability imposed on him
                                         in favour of another person in a judgment (including a judgment given by compromise or
                                         an arbitrator's award which has been confirmed by the court) on account of action which
                                         he took in his capacity as a company officer.

 

		14.2.2	Reasonable legal expenses (including
                                         advocates' fees) which a company officer incurred or which he was ordered to pay by a
                                         court in a proceeding instituted against him by or on behalf of the company or by another
                                         person or in a criminal prosecution in which he was acquitted, all on account of action
                                         which he took in his capacity as a company officer.

 

		14.3	Notwithstanding the provisions of sub-clause
                                         14.1 and sub-clause 14.2 above, the company may not enter into a contract for insurance
                                         of the liability of a company officer and/or release him from liability or indemnify
                                         him in respect of financial liability which is imposed on him on account of any of the
                                         following:

 

		14.3.1	Breach of fiduciary duty, except
                                         with regard to indemnity and insurance in respect of breach of fiduciary duty as stated
                                         in sub-clause 14.1.2 above.

 

		14.3.2	Breach of the duty of care, which
                                         was committed intentionally or recklessly, unless committed negligently only.

 

		14.3.3	Action with the intention of deriving
                                         unlawful personal profit.

 

		14.3.4	A fine or forfeit imposed on him

 

		14.4	Without derogating from the generality
                                         of the aforesaid, the company may give an undertaking in advance or retrospectively to
                                         indemnify a company officer for liability or expenses as set out in this clause 14, in
                                         each of the cases mentioned in the Companies Law.

 

Accounts
and financial statements

 

	15.	15.1	The company shall keep appropriate books of account and
    registers as is usual in businesses similar to the company's business, and in accordance with the requirements of the law
    as they shall be from time to time.

 

		15.2	The company shall draw up financial
                                         statements for each year, which shall include a balance sheet at 31 December and a profit
                                         and loss statement for a period of a year ending on that date, and additional financial
                                         statements, as required by accepted accounting rules (hereinafter – "the statements").

 

     

     

    

 

		15.3	The statements shall be signed by at
                                         least two directors and shall include all the details which must be included by law.

 

		15.4	The board of directors shall submit
                                         the statements, which have been approved by it, at the annual meeting, and shall submit
                                         a report to the annual meeting which shall contain its explanations about the events
                                         and changes which have occurred in the company's state of affairs and have influenced
                                         the statements, in such detail as it sees fit.

 

			The statements shall be kept at the company's
                                         registered office for at least seven years from the date of compiling them, for the perusal
                                         of the directors of the company and the ordinary shareholders.

 

		15.5	An ordinary shareholder is entitled
                                         to receive a copy of the financial statements and of the auditor's opinion in respect
                                         of them.

 

			Copies of the statements shall be sent
                                         to all those entitled to receive notice of general meetings under these Articles, not
                                         later than 7 days before the date of the annual meeting.

 

		15.6	The company’s books of account
                                         and all the paperwork and documents belonging to it and concerning its affairs shall
                                         be kept at the company's principal place of business or at another place which shall
                                         be determined by the board of directors of the company and every shareholder in the company
                                         shall be permitted, at any time, during usual work hours, to peruse the books, accounts
                                         and registers (including records by electronic or digital means or in any other manner),
                                         to check them and to copy them at his expense.

 

Audit

 

	16.	16.1	At least once a year, the company’s accounts, balance
    sheets and profit and loss statements shall be audited by an auditor.

 

		16.2	At each ordinary general meeting the
                                         company shall appoint an auditor, who shall act in his position until the next ordinary
                                         general meeting, and shall determine his fee. The powers, rights, liability and duties
                                         of the auditor shall be in accordance with the provisions of the Law.

 

Minutes

 

	17.	17.1	The company shall keep minutes, in registers designated
    for the purpose, of the proceedings of general meetings and of the meetings of its  board of directors and committees
    of its board of directors, and shall retain them in accordance with the provisions of the Law.

 

		17.2	Minutes which appear to have been signed
                                         by the chairman of the general meeting or the meeting at which the aforesaid proceedings
                                         took place shall serve as prima facie evidence of the course of that general meeting
                                         and/or meeting.

 

     

     

    

 

Notices

 

	18.	18.1	A notice or any other document may be delivered by the
    company to any person, whether personally or by dispatch by registered post in Israel, by letter addressed according to the
    registered address of that shareholder which the shareholder indicated in writing to the company as the address for delivery
    of notices or other documents.

 

			A member, who is not registered in the shareholders'
                                         register as stated in the Law, shall not be entitled to receive any notice from the company.

 

		18.2	Any notice or document which was sent
                                         by the company by registered post in Israel to an address in Israel shall be deemed to
                                         have reached its destination 4 business days from the date of handing it over for dispatch
                                         by post, addressed to the correct address. If the address was abroad or the notice or
                                         document was sent by registered airmail from abroad to an address in Israel, it shall
                                         be deemed to have been delivered at its destination 10 business days from the date of
                                         handing it over for dispatch. Non-delivery of notice of a meeting or other notice to
                                         any shareholder shall not lead to cancellation of a resolution which was passed at that
                                         meeting or to cancellation of proceedings based on that notice. Any record which is made
                                         in the ordinary manner in the company’s books shall be deemed to be prima facie
                                         evidence of the dispatch, as recorded in those books.

 

Distribution
of dividend

 

		20.	In
                                         any case of receipt of consideration by the company as a result of an event in a company
                                         in which the company is invested, the consideration shall be distributed as a dividend
                                         to the shareholders in the company, not later than a month after the end of the quarter
                                         in which the profit was received at the company, subject to the provisions of any law
                                         in connection with distribution of dividend.

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