Document:

Exhibit
      10.1

     

    TERMINATION
      AGREEMENT

    

    This
      Termination Agreement (the “Agreement”) is made on this 14th
      day of
      March 2008 by and among Rodney L. Anderson, Joey M. Anderson and Robert A.
      Hasson (collectively, the “Shareholders”) and Sionix Corporation, a Nevada
      corporation (“Sionix”).

    

    RECITALS

    

    A. On
      November 7, 2007 the Shareholders and Sionix executed a Share Exchange Agreement
      pursuant to which the Shareholders were to sell, convey, transfer and assign
      to
      Sionix all of the outstanding shares of capital stock of RJ Metals, Inc. in
      exchange for 3,400,000 shares of Sionix common stock (the
“Transaction”).

    

    B. Despite
      the execution of the Share Exchange Agreement, the Transaction was not
      consummated in that the shares of RJ Metals, Inc. were not exchanged for the
      shares of Sionix common stock.

    

    C. The
      Shareholders and Sionix wish to terminate the Share Exchange Agreement and
      the
      Transaction by signing this Agreement.

    

    Therefore,
      the Shareholders and Sionix agree as follows:

    

    1. Termination
      of Share Exchange Agreement.
      By
      executing this Agreement the Shareholders and Sionix each acknowledge that,
      upon
      reconsideration of the benefits and obligations contemplated by the Share
      Exchange Agreement, it was determined that the Transaction was not in the best
      interests of Sionix or RJ Metals, Inc. or the shareholders of Sionix and RJ
      Metals, Inc. The Shareholders and Sionix also acknowledge that the Transaction
      contemplated by the Share Exchange Agreement was not consummated because Sionix
      did not deliver to the Shareholders a copy of an irrevocable instruction to
      its
      transfer agent to issue the 3,400,000 shares of Sionix common stock to the
      Shareholders in exchange for all of the outstanding shares of capital stock
      of
      RJ Metals, Inc., as contemplated by the Share Exchange Agreement. The
      Shareholders and Sionix further agree that by executing this Agreement, the
      Share Exchange Agreement is terminated.

    

    2. Release.
      The
      Shareholders and Sionix release each other and each of their officers,
      employees, principals and agents from any and all claims or demands of whatever
      nature and kind, whether or not yet asserted, which are related to or are in
      any
      manner incidental to the Share Exchange Agreement and the Transaction
      contemplated thereby. The Shareholders and Sionix acknowledge that they have
      read and are familiar with and understand the provisions of Section 1542 of
      the
      California Civil Code which provides: “A
      general release does not extend to claims which the creditor does not know
      or
      suspect to exist in his favor at the time of executing the release, which if
      known to him must have materially affected his settlement with the debtor.” The
      Shareholders and Sionix expressly waive any right or claim of right each may
      have under section 1542 of the California Civil Code.

    

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    3. Miscellaneous.

    

    (a) Preparation
      of Agreement.
      It is
      acknowledged by each party that such party either had separate and independent
      advice of counsel or the opportunity to avail itself or himself of same. In
      light of these facts it is acknowledged that no party shall be construed to
      be
      solely responsible for the drafting of this Agreement.

    

    (b) Interpretation.

    

    (i) Entire
      Agreement/No Collateral Representations.
      Each
      party expressly acknowledges and agrees that this Agreement is the final,
      complete and exclusive statement of the agreement of the parties with respect
      to
      the subject matter hereof and supersedes any prior or contemporaneous agreements
      of any kind, oral or written. Any agreement hereafter made shall be ineffective
      to modify, supplement or discharge the terms of this Agreement, in whole or
      in
      part, unless such agreement is in writing and signed by the party against whom
      enforcement of the modification or supplement is sought.

    

    (ii) Severability.
      If any
      term or provision of this Agreement shall be determined to be invalid, illegal
      or unenforceable under present or future laws effective during the term of
      this
      Agreement, then and, in that event: (A) the performance of the offending term
      or
      provision shall be excused as if it had never been incorporated into this
      Agreement, and, in lieu of such excused provision, there shall be added a
      provision as similar in terms and amount to such excused provision as may be
      possible and be legal, valid and enforceable, and (B) the remaining part of
      this
      Agreement shall not be affected thereby and shall continue in full force and
      effect to the fullest extent provided by law.

    

    (iii) Headings;
      References; Incorporation; Gender.
      The
      headings used in this Agreement are for convenience and reference purposes
      only,
      and shall not be used in construing or interpreting the scope or intent of
      this
      Agreement or any provision hereof.

    

    (c) Enforcement.

    

    (i) Applicable
      Law.
      This
      Agreement shall be solely governed by, interpreted under, and construed and
      enforced in accordance with the laws of the State of California.

    

    (ii) Consent
      to Jurisdiction; Service of Process.
      Any
      action or proceeding arising out of or relating to this Agreement shall be
      filed
      in and heard and litigated solely before the state courts of California located
      within the County of Orange.

    

    (d) Counterparts.
      This
      Agreement may be executed in counterparts, each of which shall be deemed an
      original, and all of which together shall constitute one and the same
      instrument, binding on all parties hereto.

    

    WHEREFORE,
      the
      Shareholders and Sionix have signed this Agreement as of the date set forth
      above.

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

     

    
      	 	
              SHAREHOLDERS

            
	 	 
	 	 
	 	 
	 	
              /s/
                Rodney L. Anderson

            
	 	
              Rodney
                L. Anderson

            
	 	 
	 	 
	 	 
	 	
              /s/
                Joey M. Anderson

            
	 	
              Joey
                M. Anderson

            
	 	 
	 	 
	 	 
	 	
              /s/
                Robert A. Hasson

            
	 	
              Robert
                A. Hasson

            
	 	 
	 	
              SIONIX
                CORPORATION

            
	 	 
	 	 
	 	 
	 	
              By:
                 /s/ Richard H. Papalian  

            
	 	
              Richard
                H. Papalian

            
	
               

            	
              Chief
                Executive OfficerExhibit
        10.14

      

      

      NESS
        TECHNOLOGIES INC.

      

      OPTION
        AGREEMENT

      

      Made
        as
        of February 4, 2008

       

      
        	
                BETWEEN:    
                  

              	
                Ness
                  Technologies Inc., a Delaware corporation 

              
	 	
                having
                  offices at Kiryat Atidim, Tel Aviv, Israel

              
	 	
                (hereinafter,
                  the “Company”)

              	
                on
                  the one part

              
	 	 	 
	
                AND:

              	
                Issachar
                  S. Gerlitz

              
	 	
                ID
                  051741270

              
	 	
                (hereinafter
                  the “Optionee”)

              	
                on
                  the other part

              

      

      

      WHEREAS,
        the
        Company’s stockholders adopted, at its annual meeting on June 13, 2007, the 2007
        Stock Option Plan (the “2007 Plan”) attached hereto as Exhibit A and forming an
        integral part hereof; and 

      

      WHEREAS,
        the
        Board of Directors of the Company has approved the granting of an option
        to the
        Optionee on the date hereof and subject to all the terms and conditions as
        set
        forth in the 2007 Plan and as provided herein.

      

      NOW,
        THEREFORE,
        it is
        agreed as follows:

       

      
        	1.	
                Preamble
                  and Definitions

              

      

       

      
        	
              	1.1.	
                The
                  preamble to this Option Agreement constitutes an integral part
                  hereof.

              

      

       

      
        	
              	1.2.	
                Unless
                  otherwise defined herein, capitalized terms used herein shall have
                  the
                  meaning ascribed to them in the 2007
                  Plan.

              

      

       

      
        	2.	
                Grant
                  of Options

              

      

       

      
        	
              	2.1.	
                The
                  Company hereby grants the Optionee the number of options set forth
                  in
                  Section 1 of Exhibit B attached hereto and forming an integral
                  part hereof
                  (the “Options”), each Option shall be exercisable for one share of the
                  Company’s common stock, par value $.01 per share (the “Shares”), taken
                  from the total number of shares reserved for purposes of the 2007
                  Plan in
                  the Company’s authorized capital, at a price per Share set forth in
                  Section 2 of such Exhibit B (the “Purchase Price”), on the terms and
                  subject to the conditions hereinafter
                  provided.

              

      

       

      The
        Purchase Price is stated and will be paid in U.S. dollars.

       

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

         

      

      
        	
              	
                2.2.

              	
                The
                  Optionee acknowledges that the Company intends to issue additional
                  Shares,
                  options and other instruments convertible into shares in the future
                  to
                  various entities and individuals, as the Company in its sole discretion
                  shall determine.

              

      

       

      
        
          	3.	
                  Period
                    of Options and Conditions of
                    Exercise

                

        

      

       

      
        	
              	3.1.	
                The
                  term of this Option Agreement shall commence on the date hereof
                  (the “Date
                  of Grant”) and shall terminate at the Expiration Date (as set forth in
                  Section 3 of Exhibit B), or at any other time at which the Options
                  expire
                  pursuant to the terms of the 2007 Plan or pursuant to this Option
                  Agreement. 

              

      

       

      
        	
              	3.2.	
                Subject
                  to the provisions of the 2007 Plan, Options shall first vest and
                  become
                  exercisable according to the vesting dates set forth in Exhibit
                  B
                  hereto.

              

      

       

      
        	
              	3.3.	
                Once
                  vested, Options may be exercised by the Optionee, at any time or
                  from time
                  to time, in whole or in part, prior to the Expiration Date, provided
                  that,
                  subject to the provisions of Section 8 of the 2007 Plan, the Optionee
                  is
                  an employee or providing services to the Company or any of its
                  Affiliates
                  at all times during the period beginning with the Date of Grant
                  through
                  the relevant vesting date and ending upon the date of
                  exercise.

              

      

       

      
        	
              	3.4.	
                The
                  Options may be exercised only to purchase whole Shares, and in
                  no case may
                  a fraction of a Share be purchased. If any fractional Shares would
                  be
                  deliverable upon exercise, such fraction shall be rounded up to
                  the
                  nearest whole number in the event it equals one-half or more, or
                  otherwise
                  rounded down, to the nearest whole
                  number.

              

      

       

      
        
          	4.	
                  Change
                    of Control 

                

        

      

       

      Upon
        the
        occurrence of a “Change in Control” (as defined in the 2007 Plan), Vesting Dates
        shall be accelerated so that any unvested Option shall be immediately vested
        in
        full as of the date which is ten (10) days prior to the effective date of
        the
        Change in Control, and the Stock Option and Compensation Committee shall
        notify
        the Optionee that the unexercised Options are fully exercisable for a period
        of
        ten (10) days from the date of such notice, and that any unexercised Options
        shall terminate upon the expiration of such period

       

      
        	5.	
                Exercise
                  of Options

              

      

       

      
        	
              	5.1.	
                Options
                  may be exercised in accordance with the provisions of Section 8.4
                  of the
                  2007 Plan.

              

      

       

      
        	
              	5.2.	
                In
                  order for the Company to issue Shares upon the exercise of any
                  of the
                  Options, the Optionee hereby agrees to sign any and all documents
                  required
                  by any applicable law and/or by the Company’s incorporation documents. The
                  Optionee further agrees that in the event that the Company and
                  its counsel
                  deem it necessary or advisable, in their sole discretion, the issuance
                  of
                  Shares may be conditioned upon certain representations,
                  warranties, and acknowledgments by the
                  Optionee. 

              

      

       

      
        
          
          

        

        
          2

          
            

          

        

        
          
          

        

         

      

      
        	
              	
                5.3.

              	
                The
                  Optionee acknowledges that the Company has transferred the day
                  to day
                  administration of its options system, including the Options, to
                  an
                  independent contractor and undertakes to follow the rules and practices
                  of
                  such independent contractor (currently Tamir Fishman Employees
                  Benefits
                  Ltd.) regarding the exercise of the Options. The Optionee acknowledges
                  that the Company may, from time to time and in its sole discretion,
                  transfer the day to day administration of its options system, including
                  the Options, to another independent contractor or decide to administer
                  its
                  option system internally.

              

      

       

      
        	
              	5.4.	
                The
                  Company shall not be obligated to issue any Shares upon the exercise
                  of an
                  Option if such issuance, in the opinion of the Company, might constitute
                  a
                  violation by the Company of any provision of
                  law.

              

      

       

      
        	
              	5.5.	
                Each
                  Option shall be subject to the further requirement that, if at
                  any time
                  the Board (or the Committee) shall determine in its sole discretion
                  that
                  the consent or approval of any governmental regulatory body, is
                  necessary
                  as a condition of, or in connection with, the granting of such
                  Option or
                  the issuance of Shares thereunder, such Option may not be exercised
                  in
                  whole or in part, unless such consent or approval shall have been
                  effected
                  or obtained free of any conditions not acceptable to the Board
                  or the
                  Committee.

              

      

       

      
        	6.	
                Restrictions
                  on Transfer of Options and
                  Shares

              

      

       

      The
        transfer of Options and the transfer of Shares to be issued upon exercise
        of the
        Options shall be subject to the limitations set forth in the 2007 Plan and
        in
        the Company’s incorporation documents, in any shareholders’ agreement to which
        the holders of shares of common stock of the Company are bound or in or in
        any
        applicable law including securities law of any jurisdiction

       

      
        	
              	6.1.	
                With
                  respect to any Approved 102 Option, subject to the provisions of
                  Section
                  102 of the Israeli Income Tax Ordinance (New Version), 1961, and
                  any rules
                  or regulation or orders or procedures promulgated thereunder, an
                  Optionee
                  shall not sell or release from trust any Share received upon the
                  exercise
                  of an Approved 102 Option and/or any share received subsequently
                  following
                  any realization of rights, including without limitation, bonus
                  shares,
                  until the lapse of the Holding Period required under Section 102
                  of the
                  Ordinance. Notwithstanding the above, if any such sale or release
                  occurs
                  during the Holding Period, the sanctions under Section 102 of the
                  Ordinance and under any rules or regulation or orders or procedures
                  promulgated thereunder shall apply to and shall be borne by such
                  Optionee.
                  

              

      

       

      
        	
              	6.2.	
                With
                  respect to Unapproved 102 Option, if the Optionee ceases to be
                  employed by
                  the Company or any Affiliate, the Optionee shall extend to the
                  Company
                  and/or its Affiliate a security or guarantee for the payment of
                  tax due at
                  the time of sale of Shares, all in accordance with the
                  provisions of Section 102 and the rules, regulation or orders promulgated
                  thereunder.

              

      

       

      
        
          
          

        

        
          3

          
            

          

        

        
          
          

        

         

      

      
        	
              	
                6.3.

              	
                The
                  Optionee acknowledges that in the event additional shares of the
                  Company
                  shall be registered for trading in any public market, the Optionee’s right
                  to sell Shares may be subject to limitations (including a lock-up
                  period),
                  as will be requested by the Company or its underwriters, and the
                  Optionee
                  unconditionally agrees and accepts any such
                  limitations.

              

      

      

      The
        Optionee acknowledges that in order to enforce the above restriction, the
        Company may impose stop-transfer instructions with respect to the exercised
        Shares.

       

      
        	
              	6.4.	
                The
                  Optionee shall not dispose of any Shares in transactions which
                  violate, in
                  the opinion of the Company, any applicable laws, rules and regulations
                  or
                  any lock up imposed by the Company.

              

      

       

      
        	
              	6.5.	
                The
                  Optionee agrees that the Company shall have the authority to imprint
                  upon
                  the certificate or certificates representing the Shares such legends
                  referring to the foregoing restrictions, and any other applicable
                  restrictions as it may deem appropriate (which do not violate the
                  Optionee's rights according to this Option
                  Agreement).

              

      

       

      
        	
              	6.6.	
                With
                  respect to any person subject to the reporting requirements of
                  Section
                  16(a) of the Securities Exchange Act of 1934, as amended (the “Exchange
                  Act”) (a “Reporting Person”), transactions under the 2007 Plan are
                  intended to comply with all applicable conditions of Rule 16b-3
                  under the
                  Exchange Act. To the extent any provision of the 2007 Plan or any
                  action
                  by an authority under the 2007 Plan fails to so comply, such provision
                  or
                  action shall, without further action by any person, be deemed to
                  be
                  automatically amended to the extent necessary to effect compliance
                  with
                  Rule 16b-3, provided that if such provision or action cannot be
                  amended to
                  effect such compliance, such provision or action shall be deemed
                  null and
                  void, to the extent permitted by law and deemed advisable by the
                  appropriate authority. Each Option to a Reporting Person under
                  the 2007
                  Plan shall be deemed issued subject to the foregoing qualification.
                  

              

      

       

      
        	7.	
                Taxes;
                  Indemnification

              

      

       

      
        	
              	7.1.	
                The
                  receipt of the Options and the acquisition of the Shares to be
                  issued upon
                  the exercise of the Options may result in tax consequences. THE
                  OPTIONEE
                  IS ADVISED TO CONSULT A TAX ADVISER WITH RESPECT TO THE TAX CONSEQUENCES
                  OF RECEIVING OR EXERCISING THIS OPTION OR DISPOSING OF THE
                  SHARES.

              

      

       

      
        	
              	7.2.	
                Any
                  tax consequences arising from the grant or exercise of any Option,
                  from
                  the payment for Shares covered thereby or from any other event
                  or act (of
                  the Company and/or its Affiliates, the Trustee or the Optionee),
                  hereunder, shall be borne solely by the Optionee. The Company
                  and/or its Affiliates and/or the Trustee shall withhold taxes according
                  to
                  the requirements under the applicable laws, rules, and regulations,
                  including withholding taxes at source. Furthermore, the Optionee
                  hereby
                  agrees to indemnify the Company and/or its Affiliates and/or the
                  Trustee
                  and hold them harmless against and from any and all liability for
                  any such
                  tax or interest or penalty thereon, including without limitation,
                  liabilities relating to the necessity to withhold, or to have withheld,
                  any such tax from any payment made to the
                  Optionee.

              

      

       

      
        
          
          

        

        
          4

          
            

          

        

        
          
          

        

      

       

      
        	
              	7.3.	
                The
                  Optionee will not be entitled to receive from the Company and/or
                  the
                  Trustee any Shares allocated or issued upon the exercise of Options
                  prior
                  to the full payments of the Optionee’s tax or other liabilities arising
                  from Options which were granted to him and/or from the Shares issued
                  upon
                  the exercise of Options. 

              

      

       

      
        	
              	7.4.	
                With
                  respect to Approved 102 Options, the Optionee hereby acknowledges
                  that he
                  is familiar with the provisions of Section 102 and the regulations
                  and
                  rules promulgated thereunder, including without limitations the
                  type of
                  Option granted hereunder and the tax implications applicable to
                  such
                  grant. The Optionee accepts the provisions of the trust agreement,
                  attached as Exhibit C hereto, and agrees to be bound by its terms.
                  

              

      

       

      
        	8.	
                Miscellaneous

              

      

       

      
        	
              	8.1.	
                No
                  Obligation to Exercise Options.
                  The grant and acceptance of these Options imposes no obligation
                  on the
                  Optionee to exercise any or all of the
                  Options.

              

      

       

      
        	
              	8.2.	
                Confidentiality.
                  The Optionee shall regard the information in this Option Agreement
                  and its
                  exhibits attached hereto as confidential information and the Optionee
                  shall not reveal its contents to anyone except when required by
                  law or for
                  the purpose of gaining legal or tax
                  advice.

              

      

       

      
        	
              	8.3.	
                Continuation
                  of Employment or Service.
                  Neither the 2007 Plan nor this Option Agreement shall impose any
                  obligation on the Company or an Affiliate to continue the Optionee’s
                  employment or service and nothing in the 2007 Plan or in this Option
                  Agreement shall confer upon the Optionee any right to continue
                  in the
                  employ or service of the Company and/or an Affiliate or restrict
                  the right
                  of the Company or an Affiliate to terminate such employment or
                  service at
                  any time.

              

      

       

      
        	
              	8.4.	
                Entire
                  Agreement.
                  Subject to the provisions of the 2007 Plan, which have been incorporated
                  herein by reference this Option Agreement, together with the exhibits
                  hereto, constitute the entire agreement between the Optionee and
                  the
                  Company with respect to Options granted hereunder, and supersedes
                  all
                  prior agreements, understandings and arrangements, oral or written,
                  between the Optionee and the Company with respect to the subject
                  matter
                  hereof.

              

      

       

      
        	
              	8.5.	
                Failure
                  to Enforce - Not a Waiver.
                  The failure of any party to enforce at any time any provisions
                  of this
                  Option Agreement or the 2007 Plan shall in no way be construed
                  to be a
                  waiver of such provision or of any other provision
                  hereof.

              

      

       

      
        
          
          

        

        
          5

          
            

          

        

        
          
          

        

         

      

      
        	
              	
                8.6.

              	
                Provisions
                  of the 2007 Plan.
                  The Options provided for herein are granted pursuant to the 2007
                  Plan and
                  said Options and this Option Agreement are in all respects governed
                  by the
                  2007 Plan and subject to all of the terms and provisions of the
                  2007
                  Plan.

              

      

       

      Any
        interpretation of this Option Agreement will be made in accordance with the
        2007
        Plan but in the event there is any contradiction between the provisions of
        this
        Option Agreement and the 2007 Plan, the provisions of the Option Agreement
        will
        prevail.

       

      
        	
              	8.7.	
                Arbitration.
                  Notwithstanding anything to the contrary contained in the 2007
                  Plan, any
                  dispute in relation with the 2007 Plan and this Option Agreement
                  and the
                  exercise or rights thereunder, shall be decided by arbitration
                  by the
                  legal counsel to the Company or any person nominated by such legal
                  counsel
                  (the “Arbitrator”), who shall decide such dispute in accordance with the
                  provisions of the Arbitration Law, 1968 and its supplement. The
                  decision
                  of the Arbitrator shall be final and shall bind the Company and
                  the
                  Optionee. The Optionee will exempt the Arbitrator from any liability
                  in
                  respect of any action or decision made in connection with the
                  arbitration.

              

      

       

      
        	
              	8.8.	
                Binding
                  Effect.
                  The 2007 Plan and this Option Agreement shall be binding upon the
                  heirs,
                  executors, administrators and successors of the parties
                  hereof.

              

      

       

      
        	
              	8.9.	
                Notices.
                  All notices or other communications given or made hereunder shall
                  be in
                  writing and shall be delivered or mailed by registered mail or
                  delivered
                  by email or facsimile with written confirmation of receipt to the
                  Optionee
                  and/or to the Company at the addresses shown on the letterhead
                  above, or
                  at such other place as the Company may designate by written notice
                  to the
                  Optionee. The Optionee is responsible for notifying the Company
                  in writing
                  of any change in the Optionee’s address, and the Company shall be deemed
                  to have complied with any obligation to provide the Optionee with
                  notice
                  by sending such notice to the address indicated
                  below.

              

      

      

      Company’s
        Signature:

       

      
        	
                By:

              	
                /s/
                  Ilan Rotem

              	 	
                By:

              	
                /s/
                  Hadas Halbreich

              
	
                Name:

              	
                Ilan
                  Rotem

              	 	
                Name:

              	
                Hadas
                  Halbreich

              
	
                Title:

              	
                Secretary
                  & General Counsel

              	 	
                Title:

              	
                Compensation
                  and Benefits Manager

              

      

      
        
          
          

        

        
          6

          
            

          

        

        
          
          

        

      

       

      Optionee’s
        Acknowledgement and Acceptance

      

      I,
        the
        undersigned, hereby acknowledge receipt of a copy of the 2007 Plan and accept
        the Options subject to all of the terms and provisions thereof. I have reviewed
        the 2007 Plan and this Option Agreement in its entirety, and fully understand
        all provisions of this Option Agreement. I agree to notify the Company upon
        any
        change in the residence address indicated above.

       

      
        	
                /s/
                  Issachar
                  Gerlitz

              	 	
                Date:

              	
                March
                  11, 2008

              
	
                Optionee’s
                  Signature

              	 	 	 

      

      
        
          
          

        

        
          7

          
            

          

        

        
          
          

        

      

      Exhibit
        A

      

      Ness
        Technologies Inc.2007 Stock Option Plan

      
        
          
          

        

        
          8

          
            

          

        

        
          
          

        

      

      Exhibit
        B

      

      Terms
        and Conditions of the Options

       

      

        
          	
                  1.

                	
                  Number
                    of Options granted:

                	
                  300,000

                
	 	 	 
	
                  2.

                	
                  Price
                    per Share:

                	
                  12$USD

                
	 	 	 
	
                  3.

                	
                  Date
                    of Grant: 

                	
                  February
                    4, 2008

                
	 	 	 
	
                  4.

                	
                  Expiration
                    Date:

                	
                  February
                    3, 2013

                
	 	 	 
	
                  5.

                	
                  Vesting
                    and Exercise dates as follows:

                	 

        

      

      
 

      
        	
                Number
                  of Options

              	
                Vesting
                  Date

              
	
                100,000

              	
                March
                  16, 2008

              
	
                100,000

              	
                March
                  16, 2009

              
	
                100,000

              	
                March
                  16, 2010

              

      

      

      Signatures:

      

      The
        Optionee

       

      
        	
                
                  /s/
                    Issachar
                    Gerlitz

                

              

      

      
The
        Company

      

      
        	
                /s/
                  Ilan Rotem

              	 	
                By:

              	
                /s/
                  Hadas Halbreich

              
	
                Ilan
                  Rotem

              	 	
                Name:

              	
                Hadas
                  Halbreich

              
	
                Secretary
                  & General Counsel

              	 	
                Title:

              	
                Compensation
                  and Benefits Manager

              

      

      
        
          
          

        

        
          9

          
            

          

        

        
          
          

        

      

      Exhibit
        B-1

      

      This
        Exhibit B-1 replaces and supersedes Exhibit B to the option agreement that
        was
        executed between the parties on March 12, 2007 

      

      Terms
        and Conditions of the Options

       

      

        
          	
                  1.

                	
                  Number
                    of Options granted: 

                	
                  250,000

                
	 	 	 
	
                  2.

                	
                  Price
                    per Share:

                	
                  13$USD

                
	 	 	 
	
                  3.

                	
                  Date
                    of Grant: 

                	
                  July
                    15, 2007

                
	 	 	 
	
                  4.

                	
                  Expiration
                    Date:

                	
                  31.12.2011

                
	 	 	 
	
                  5.

                	
                  Vesting
                    and Exercise dates as follows:

                	 

        

      

       

      
        	
                Number
                  of Options

              	
                Vesting
                  Date

              
	
                83,334

              	
                March
                  16, 2008

              
	
                83,333

              	
                March
                  16, 2009

              
	
                83,333

              	
                March
                  16, 2010

              

      

      

      Signatures:

      

      The
        Optionee

       

      
        
          	
                  
                    /s/
                      Issachar
                      Gerlitz

                  

                

        

The
        Company

      

      
        	
                /s/
                  Ilan Rotem

              	 	
                By:

              	
                /s/
                  Hadas Halbreich

              
	
                Ilan
                  Rotem

              	 	
                Name:

              	
                Hadas
                  Halbreich

              
	
                Secretary
                  & General Counsel

              	 	
                Title:

              	
                Compensation
                  and Benefits Manager

              

      

      
        
          
          

        

        
          10

          
            

          

        

        
          
          

        

      

       

      Exhibit
        C

      

      Trust
        Agreement

       

      
        
          
          

        

        
          11

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00139-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00139-of-00352.parquet"}]]