Document:

Exhibit 10.2

 

EZTD, INC.

6 Yehezkel Koifman Street,

Tel-Aviv, Israel 68012

 

June 16, 2016

 

The Directors

KOR Venture Capital Ltd.

Rue du Seyon 2

PO Box 2048

2001 Neuchatel, Switzerland

 

Re: Convertible Loan Extension

Dear Directors,

Reference is made to that
certain Convertible Loan Agreement, dated 29th of January, 2016 (the "Loan Agreement"), as amended,
by and between EZTD, Inc. (formerly known as EZTrader Inc.), a Company incorporated under the laws of the State of Delaware (the
"Company") and KOR Venture Capital Ltd., a company incorporated under the laws of the British Virgin Islands
("KOR") pursuant to which KOR loaned the Company the principal amount of GBP 1,000,000
on certain terms and conditions (the "Loan"). Capitalized terms used herein which are not otherwise specifically
defined shall have the same meaning herein as in the Loan Agreement. The purpose of this letter is to confirm the extension of
the repayment date of the Loan and the amendment to the terms of the Repayment Conversion. 

Accordingly, each of the
Company and KOR hereby covenants and agrees as follows:

		1.	The term of the Loan shall be extended so that the Company shall repay the Loan including any accrued
and unpaid interest, in one lump sum on the 29th of January, 2017 (the “New Repayment Date”).

		2.	The interest rate on the Loan shall remain 12% per annum, payable annually.

		3.	Following the reverse stock split effected by the Company on the 7th of April, 2016
Conversion Shares means 249,967 shares of Common Stock, par value $0.03, of the Company.

		4.	Upon the Conversion Date, the Lender shall have the right (but not the obligation) by written notice
to the Company to convert all or part of the principal amount of the Loan outstanding at such time into the Conversion Shares or
a pro rata portion thereof in case of partial conversion, regardless of any other conversion rights set forth in the Loan Agreement.

    	

    	 

    

 

		5.	This letter and the Loan Agreement, as amended, represent the entire agreement between the parties
with respect to the subject matter hereof and may not be modified or amended except by a writing duly executed by the parties.

		6.	Except as set forth in this letter, all other terms and conditions set forth in the Loan Agreement
shall remain unmodified and in full force and effect. If there is any conflict between this letter and the Loan Agreement, the
terms of this letter shall govern and control.

		7.	This letter may be executed in any number of counterparts and by different parties hereto in separate
counterparts, each of which when so executed and delivered shall be deemed to be an original and when a counterpart has been executed
by each of the parties hereto, all of the counterparts, when taken together, shall constitute one and the same agreement.

 

Please execute this letter
in the space provided below in order to evidence your agreement with the terms hereof.

Sincerely,

 

 

EZTD, Inc.

By:______________________________________

Name: Shimon Citron

Title: Chief Executive Officer

 

 

ACCEPTED AND AGREED:

 

KOR Venture Capital Ltd.

 

By:________________________

Name:

Title:Exhibit 10.3

 

CONSULTING
AND SERVICES AGREEMENT

 

THIS
CONSULTING AND SERVICES AGREEMENT (the “Agreement”) is made and entered into as of this 1st day of March 2016,
by and between EZTD Inc., a Delaware corporation having its principal place of business at 6 Koifman Street, Gaon House 13th Floor,
Tel Aviv, Israel (the “Company”), and Gustavo Perrotta, an individual having an address at 50 Curzon St., London,
United Kingdom (the “Consultant”) (the Company and the Consultant shall additionally be referred to as each, a “Party”
and collectively, the “Parties”).

 

WHEREAS,
the Company wishes to engage the Consultant as an independent contractor to serve as the Executive Chairman of the Board of Directors
of the Company (the “Board”); and

 

WHEREAS,
the Consultant agrees to provide the services and to serve as the Executive Chairman of the Board for the compensation and otherwise
in accordance with the terms and conditions contained in this Agreement;

 

NOW,
THEREFORE, in consideration of the foregoing, and for other good and valuable consideration, the receipt and sufficiency of
which are hereby acknowledged, accepted and agreed to, the Parties, intending to be legally bound, agree to the terms set forth
below.

 

	1.	TERM.

 

The
independent contractual relationship pursuant to this Agreement shall commence on the date of this Agreement (the “Effective
Date”), and shall continue unless terminated earlier pursuant to Section 4 hereof (the “Term”).

 

	2.	ENGAGEMENT
                                         AND SERVICES.

 

2.1.Subject
to the terms and conditions set forth herein, the Company hereby retains the Consultant on a consulting and advisory basis and
as an independent contractor to serve as the Executive Chairman of the Board to promote the Company’s affairs (the “Services”),
and the Consultant hereby accepts such engagement. The Consultant will report directly to the Board.

 

2.2.During
the Term, the Consultant shall attend all Board meetings in person or via conference call, Board and management conference calls
as may be reasonably necessary or appropriate, make himself available to the Company at mutually convenient times and places and
perform such other duties and responsibilities as may be reasonably necessary in connection with serving as Chairman of the Board.

 

2.3.The
Consultant shall perform the Services diligently and faithfully, use his best efforts to promote the interests of the Company
and comply with his fiduciary duty obligations as imposed by Delaware law. The Consultant shall at all times act as a fiduciary
in the service and best interests of the Company.

 

     

     

    

 

2.4.The
Consultant shall devote 80 hours a month for the performance of the Services hereunder.

 

2.5.Without
limiting any other obligation of the Consultant, the Consultant shall perform the Services in compliance with all applicable laws,
rules, or regulations including, without limitation, the laws of the state of Delaware, U.S. federal and state securities laws
and regulations. The Consultant shall obtain all permits, permissions or authorizations required to comply with those laws, rules,
or regulations (to the extent applicable) in connection with the engagement contemplated hereunder and the performance of the
Services.

 

2.6.The
Consultant represents and warrants that in performing the Services contemplated by this Agreement he will not infringe or violate
any third party’s trade secrets, proprietary information, trademark, copyright, patent or other intellectual property or
proprietary rights of any kind or nature. The Consultant will not undertake to perform any services that would violate his obligations
under this Agreement.

 

2.7.The
Consultant represents and warrants that it is not a party to or otherwise subject to or bound by the terms of any contract, agreement,
or understanding which in any manner would limit or otherwise affect its ability to perform the Services or any obligation under
this Agreement.

 

2.8.The
Company shall at all times during the term of this agreement have in force suitable directors and officers liability insurance
for the benefit of the Consultant.

 

	3.	COMPENSATION.

 

3.1.In
consideration for the performance of the Services by the Consultant during the Term, the Company shall pay the Consultant a monthly
consulting fee in the aggregate amount of USD 15,000 (the “Compensation”) plus any out-of-pocket expenses incurred
in connection with the performance of the Services hereunder.

 

3.2.During
the Term, the Compensation shall be paid to the Consultant on the 25th day of each calendar month starting on the Effective Date,
to the following bank account or to an alternative bank account as may be designated from time to time in writing by the Consultant.

 

Account
Name: Gustavo Perrotta

Account
No.: 50975516

Bank
Name:_Barclays

IBAN:
GB72 BARC 2026 8850 9755 16

BIC/SWIFT:
BARCGB22

 

3.3.Any
out-of-pocket expenses reasonably incurred in connection with the Services provided under this Agreement shall be paid to the
Consultant against an invoice validly issued, in accordance with applicable law, at the end of each calendar month under this
Agreement.

 

    	 	2	 

     

    

 

3.4.The
Consultant shall be solely responsible for the payment of, and agrees to pay all income, social security or other taxes of any
kind incurred as a result of the Compensation, and for all obligations, reports and timely notifications relating to those taxes.
The Company shall have no obligation to pay or withhold or pay any sums for those taxes.

 

	4.	TERMINATION.

 

4.1.Each
Party shall be entitled to terminate this Agreement with immediate effect at any time for any reason or without cause by delivering
a ninety (90) days prior written notice to the other Party.

 

4.2.Notwithstanding
anything contained herein to the contrary, it is agreed that the Company may terminate the Services for Cause (as hereinafter
defined) at any time during the Term, effective within seven days after giving the Consultant written notice of such termination.
As used herein, the term “Cause” will mean any of the following events:

 

	 	     (i)      the
Consultant is convicted of any felony;
	 	 	 
	 	     (ii)     the
Consultant is convicted of any misdemeanor involving moral turpitude, if in the reasonable good-faith judgment of the Company
such conviction has or could materially damage the reputation of the Company or is likely to materially interfere with the Consultant’s
performance of his duties hereunder;
	 	 	 
	 	     (iii)    the
Consultant commits a material breach of this Agreement or engages in a willful failure to carry out the Services hereunder; and
	 	 	 
	 	     (iv)    the
Consultant commits a breach of any material fiduciary duty owed to the Company, gross negligence, gross malfeasance, gross nonfeasance
or willful misconduct in the performance of his Services, including, without limitation, criminal dishonesty, fraud, embezzlement
or theft; a material violation of any Company or other external (e.g., professional) code of conduct to which the Consultant may
be subject; and any act or failure to act that the Consultant knows or reasonably should know is or likely to be materially injurious
to the business or reputation of the Company.

 

Notwithstanding
anything contained herein to the contrary, it is agreed that the Consultant may terminate the Services immediately if the Company
commits a material breach of this Agreement.

 

	5.	CONFIDENTIALITY.                                        

 

5.1.Nondisclosure
of Confidential Information. During the Consultant’s engagement hereunder and after such engagement ends for any reason,
the Consultant will hold in strict confidence and will not disclose, use or publish in any manner (including, without limitation,
in print, audio or video or in any manner, on-line or through internet, mobile or cloud based transmission) any Confidential Information
(as defined below) of the Company, except as may be required in the performance of the Services hereunder or with the prior written
authorization of the Company. The Consultant agrees and recognizes that all Confidential Information shall at all times be the
sole and exclusive property of the Company and its assigns or successors in interest.

 

    	 	3	 

     

    

 

5.2.Definition
of Confidential Information. The term “Confidential Information” shall include but not be limited to (i) trade secrets,
documentation, designs, schematics, catalysts, settings, hardware designs, programming, processes, specifications required to
produce material, research and development techniques, ideas, processes, products, handbooks, manuals, machines, compositions,
methods, formulas, source and object codes, data, programs, patents, patent applications, know-how, improvements, research projects,
formats, discoveries, developments, designs, drawings, techniques, system documentation, special hardware, related software development,
computer software and programs, electronic codes; (ii) plans for research, development, new products, marketing and selling, business
and strategic plans, budgets and financial statements, licenses, prices and costs, suppliers and customers; (iii) information
concerning sales, sales volume, sales and marketing methods, financial performance, sales proposals, identity of clients, kind
of client purchases, sources of supply; (iv) any other confidential or proprietary information belonging to or relating to the
business affairs of the Company. The term Confidential Information is to be broadly defined and construed to and for the benefit
of the Company, and includes any and all information that has or could have commercial value or other utility in the business
in which the Company is engaged or contemplates engaging in, and all information of which the unauthorized disclosure could be
detrimental or adverse to the their interests.

 

5.3.Exceptions.
The term “Confidential Information” shall not include information that (i) is or becomes known to the general public
through no breach of an obligation of secrecy by the Consultant, (ii) is disclosed in written form, under no obligation of secrecy,
to the Consultant by another party having a legal right to disclose it; or (iii) the Consultant is required to disclose, pursuant
to the terms of a subpoena or other lawful process issued by a court or governmental regulatory agency with jurisdiction over
the Company, provided however, that the Consultant shall to the extent practicable give timely notice to the Company of such required
disclosure and shall disclose such information only to the extent required.

 

	6.	THE
                                         NATURE OF THE CONTRACTUAL RELATIONSHIP.

 

6.1.The
Consultant shall be an independent contractor in the performance of the Services hereunder. This Agreement shall not be interpreted
as creating an association, joint venture, or partnership relationship between the Parties or as imposing any employment, or partnership
obligation, or liability on any Party.

 

	7.	APPLICABLE
                                         LAW.

 

7.1.This
Agreement and the rights and obligations of the Parties hereunder shall be construed, enforced, governed in accordance with the
laws of the State of New York, without giving effect to conflict of law principles.

 

    	 	4	 

     

    

 

	8.	SUBMISSION
                                         TO JURISDICTION.

 

8.1.Each
Party agrees that all legal proceedings concerning the interpretations and enforcement of this Agreement and the engagement contemplated
hereunder shall be commenced exclusively in the state and federal courts sitting in New York County. Each Party hereby irrevocably
submits to the exclusive jurisdiction of the courts of the State of New York located in New York County and the United States
District Court for the Southern District of New York for the adjudication of any dispute hereunder or in connection herewith.

 

	9.	MISCELLANEOUS.

 

9.1This
Agreement represents the entire agreement between the Parties with respect to the subject matter hereof. This Agreement may be
executed in any number of counterparts and by different Parties hereto in separate counterparts, each of which when so executed
and delivered shall be deemed to be an original and when a counterpart has been executed by each of the Parties hereto, all of
the counterparts, when taken together, shall constitute one and the same agreement. This Agreement may not be modified or amended,
and no breach shall be deemed to be waived, unless agreed to in writing by the Parties.

 

 

 

 

 

SIGNATURE
PAGE IMMEDIATELY FOLLOWS

 

    	 	5	 

     

    

 

IN
WITNESS WHEREOF, the Parties hereto have caused this Agreement to be duly executed and delivered on and as of the Effective
Date. 

 

On
behalf of the Company:

 

EZTD,
Inc

 

	By:	 	 
	Name:	Shimon
    Citron	 
	Title:	Chief
    Executive Officer	 

 

 

	The
    Consultant:	 
	 	 
		 
	Gustavo
    Perrotta	 

 

 

6

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