Document:

Exhibit
10.9

 

CONSULTING
AGREEMENT

 

THIS
AGREEMENT (the “Agreement”) is made on this 10 of December, 2019 between ScoutCam Ltd., a company incorporated
under the laws of Israel (the “Company”) and Shrem Zilberman Group Ltd., whose address is at 20 Raoul Wallenberg
St., Tel Aviv 6971916, Israel (the “Consultant”).

 

	WHEREAS:	subsequent
    to the execution and delivery of this Agreement, and as a condition hereof, the Company intends to consummate a certain Securities
    Purchase Agreement, by and between the Company, Intellisense Solutions Inc., a Nevada corporation (“ISI”),
    and those investors listed therein (the “Purchase Agreement”).
	 	 
	WHEREAS:	the
    Company wishes the Consultant to provide the Company with certain services and the Consultant wishes to render such services
    to the Company; and
	 	 
	WHEREAS:	the
    Consultant represents to the Company that he is ready, qualified, willing and able to carry out his obligations and undertakings
    towards the Company pursuant hereto; and
	 	 
	WHEREAS:	the
    Company and the Consultant desire to regulate their relationship in accordance to the terms and conditions set forth in this
    Agreement.

 

NOW
THEREFORE, the parties hereto agree as follows:

 

	1.	The
                                         Services

 

	 	1.1.	The
    Company hereby engages the Consultant as an independent consultant and the Consultant hereby agrees to serve as a consultant
    to the Company and provide services including, inter alia, financial and related expertise in the US capital market, and investor
    relations and public relations advisory services, as may be requested from time to time by the Company (the “Services”).
    
	 	 	 
	 	1.2.	The
    engagement hereunder shall commence on the day immediately prior to the closing date of the Purchase Agreement (the “Effective
    Date”).
	 	 	 
	 	1.3.	The
    Consultant shall cooperate on an ongoing basis with such employees, consultants and contractors of the Company as determined
    by the Company from time to time. The Company may require the Consultant to provide reports or other types of ongoing information
    concerning the Services as determined from time to time, whether or not set forth herein.
	 	 	 
	 	1.4.	The
    Consultant agrees to perform his duties described herein in a faithful, diligent and professional manner.
	 	 	 
	 	1.5.	The
    Consultant shall be responsible for maintaining, at the Consultant’s own expense, a place of work, any equipment and
    supplies necessary for the performance of the Services.
	 	 	 
	 	1.6.	Nothing
    in this Agreement shall be interpreted as preventing or restricting the Company from obtaining or seeking from any other person
    services of the same nature as the Services, or otherwise from performing or seeking to perform any action or operation. Nothing
    in this Agreement shall be interpreted as preventing or restricting the Consultant from supplying services to any third party,
    as long as such services to third parties (i) do not conflict with any obligation or undertaking of the Consultant hereunder,
    and (ii) do not interfere with the performance of or restrict the ability of the Consultant to perform the Services hereunder.
    

 

    	 	 	 

    	 	- 2 -	 

    

 

	2.	Term
                                         and Termination

 

	 	2.1.	This
                                         Agreement shall commence upon the Effective Date and shall continue until terminated
                                         pursuant to Section ‎2.2 below.

	 	 	 
	 	2.2.	Notwithstanding
    the above, this Agreement may be terminated: (i) at any time by the Consultant, or (ii) following the first anniversary of
    the Effective Date, by the Company, in each case by giving the other party 30 days’ advance notice in writing (the “Notice
    Period”), 

 

	3.	Consideration

 

		3.1.	Consulting
                                         Fee

 

		3.1.1.	In
                                         consideration for the Services rendered by the Consultant pursuant to this Agreement,
                                         the Company shall pay the Consultant an aggregate fee of US$165,000 (the “Consulting
                                         Fee”).
	 	 	 
		3.1.2.	The
                                         payment of the Consulting Fee hereunder shall be made as follows: (i) US$45,000 shall
                                         be made payable to the Consultant immediately upon the Effective Date, and (ii) US$120,000
                                         shall be made payable to the Consultant in 12 (twelve) monthly installments, each in
                                         the amount of US$10,000 (each an “Installment”), and such first Installment
                                         shall be made payable to the Consultant on the first day of the month immediately following
                                         the Effective Date, and each remaining Installment shall be paid on the first day of
                                         each month thereafter. The Consulting Fee is payable whether or not this Agreement is
                                         terminated prior to the payment of the last Installment.
	 	 	 
		3.1.3.	The
                                         Consulting Fee is inclusive of any and all taxes, and the Consultant shall bear full
                                         responsibility for all taxes of any kind or nature relating, directly or indirectly,
                                         to the Consulting Fee and otherwise to the Services rendered hereunder. To the extent
                                         that any such taxes may be imposed upon the Company, the Company may deduct such amounts
                                         from any payments due to the Consultant. The Company shall be entitled to withhold and
                                         deduct from payments due hereunder any and all amounts as may be required from time to
                                         time under any applicable law. VAT shall be charged if and as required by law.

 

		3.2.	Additional
                                         Consideration

 

		3.2.1.	In
                                         addition to the Consulting Fee described herein, the Consultant shall be entitled to
                                         receive the following future payments:

 

		3.2.1.1.	In
                                         connection with that certain Securities Purchase Agreement, by and between the Company,
                                         ISI, and those investors listed therein, the Consultant shall receive in US dollars,
                                         the amount representing 3% of any exercise price of each Warrant A or Warrant B (as defined
                                         therein and collectively the “Warrants”) paid to ISI upon exercise
                                         of any of the Warrants. In the event the total proceeds received by ISI as a result of
                                         exercise of Warrants is less than $2 million at the time of their expiration, the Consultant
                                         shall invest $250,000 in ISI in return for shares of common stock of ISI.

 

    	 	 	 

    	 	- 3 -	 

    

 

		3.2.1.2.	If
                                         on any date following the Effective Date, the Consultant shall introduce to the Company
                                         or ISI equity or debt financing (the “Financing”), the Consultant
                                         shall be entitled to receive an amount equal to 5% of the aggregate amount raised in
                                         such Financing; notwithstanding the foregoing, the Company and ISI are, as applicable,
                                         entitled to decline any such Financing offer from the Consultant.

 

		3.3.	Full
                                         Consideration

 

Other
than the consideration specified in this Section ‎3, which consideration constitutes full consideration for the Services rendered
hereunder, the Consultant will not be entitled to any other consideration for rendering the Services hereunder.

 

	4.	Confidentiality.
                                         Commencing on the Effective Date, each party may have access to certain non-public proprietary,
                                         confidential or trade secret information or data of the other party, whether furnished
                                         before or after the Effective Date, and regardless of the manner in which it is furnished,
                                         which given the totality of the circumstances, a reasonable person or entity should have
                                         reason to believe is proprietary, confidential or competitively sensitive (collectively,
                                         the “Confidential Information”). Confidential Information shall exclude
                                         any information that: (i) is now or subsequently becomes generally available in the public
                                         domain through no fault or breach on the part of receiving party; (ii) the receiving
                                         party can demonstrate in its records to have had rightfully in its possession prior to
                                         disclosure of the Confidential Information by the disclosing party; (iii) receiving party
                                         rightfully obtains from a third party who has the right to transfer or disclose it, without
                                         default or breach of this Agreement; (iv) the receiving party can demonstrate in its
                                         records to have independently developed, without breach of this Agreement and/or any
                                         use of or reference to the Confidential Information. The receiving party agrees: (a)
                                         not to disclose the disclosing party’s Confidential Information to any third parties
                                         other than to its, directors, officers, employees, advisors or consultants (collectively,
                                         the “Representatives”) on a “need to know” basis only
                                         and provided that such Representatives are bound by written agreements to comply with
                                         the confidentiality obligations as protective as those contained herein, and in any event,
                                         the receiving party shall remain responsible for the acts or omissions of its Representatives
                                         to the same extent as if such acts or omissions were performed by the receiving party;
                                         (b) not to use or reproduce any of the disclosing party’s Confidential Information
                                         for any purposes except to carry out its rights and responsibilities under this Agreement;
                                         and (c) to keep the disclosing party’s Confidential Information confidential using
                                         at least the same degree of care it uses to protect its own confidential information,
                                         which shall in any event not be less than a reasonable degree of care. Notwithstanding
                                         the foregoing, if receiving party is required by legal process or any applicable law,
                                         rule or regulation, to disclose any of disclosing party’s Confidential Information,
                                         then prior to such disclosure, receiving party will give prompt written notice to disclosing
                                         party so that it may seek a protective order or other appropriate relief. The parties’
                                         obligations with respect to Confidential Information shall expire 5 years from the date
                                         of termination or expiration of this Agreement, unless a longer period of protection
                                         applies under applicable law, either as trade secret information or otherwise. Without
                                         derogating from any other remedies available under applicable law or agreement, either
                                         party shall be entitled to obtain an injunction restraining any violation, further violation
                                         or threatened violation of the obligations set forth in this Section.

 

    	 	 	 

    	 	- 4 -	 

    

 

	5.	Relationship
                                         of Parties

 

		5.1.	The
                                         parties hereto hereby declare and approve, that this Agreement is a Contractors Agreement
                                         within the meaning of the Israeli Contractors Law – 1974 (the “Contractors
                                         Law”), and that nothing in this Agreement that shall be interpreted or construed
                                         as creating or establishing any partnership, joint venture, employment relationship,
                                         franchise or agency or any other similar relationship between the Company or its Affiliates
                                         and the Consultant or any of his agents and employees, and it is specifically clarified
                                         that with respect to the Services, no employer-employee relationship will be formed between
                                         the Company or its Affiliates and the Consultant or any of his agents and employees,
                                         and the Consultant is not entitled to any social or other benefits resulting from employer-employee
                                         relationship. Notwithstanding the above, the Consultant hereby waives any right to a
                                         lien in accordance with Section 5 of the Contractors Law or any other law. The Consultant
                                         hereby acknowledges that the Company is relying upon the truthfulness and accuracy of
                                         the representations set forth in this Section 5.1 in engaging the Consultant.
	 	 	 
		5.2.	The
                                         Consultant shell bear and/or will defend, indemnify and hold the Company, or any third
                                         party on its behalf, harmless from and against all claims, all damages, losses and expenses,
                                         including reasonable fees and expenses of attorneys and other professionals, upon receipt
                                         of demand (i) relating to any obligation, future or past, imposed upon the Company to
                                         pay any withholding tax payments regarding consulting services, social security, unemployment
                                         or disability insurance or similar terms in connection with compensation received by
                                         Consultant or, or which are based upon a stipulation by a competent judicial authority
                                         that an employer - employee relationship was created between the Company or its Affiliates
                                         and the Consultant and/or his agents and employees; and (ii) resulting from any act,
                                         omission or negligence on Consultant’s or any of his employees’ part in the
                                         performance or failure to perform the scope of work under this Agreement.
	 	 	 
		5.3.	The
                                         Consultant acknowledges that the Consultant has read and fully understood the terms of
                                         this structure of the relationship between the parties as an independent contractor and
                                         that Consultant has consulted and received advice of counsel regarding said structure
                                         of the relationship between the parties hereto and has had sufficient opportunity to
                                         do so.
	 	 	 
		5.4.	It
                                         is hereby clarified that any right granted to the Company to instruct and/or oversee
                                         the Services by the Consultant is granted in order to ensure the performance of the Services
                                         in full and not to imply or justify an employer -employee relationship between the Company
                                         and the Consultant or any of his agents or employees.
	 	 	 
		5.5.	The
                                         Consultant shall be responsible to pay any and all payments, salary, taxes and all other
                                         benefits and any amounts due to any relevant social security or similar authority with
                                         respect to its employees and/or the Services provided by any of them pursuant to this
                                         Agreement. The Consultant undertakes to acquire for himself pension coverage in a customary
                                         amount. The Consultant, hereby releases and forever discharges the Company and its Affiliates,
                                         from any and all claims, which he ever had, now has, or may claim to have against the
                                         Company and/or its Affiliates in connection with the existence of any employer - employee
                                         relationship between Company or its Affiliates and Consultant or any of his agents and
                                         employees.

 

	6.	Warranties

 

Consultant
represents and warrants that:

 

		6.1.	The
                                         Consultant does not have currently and shall not have during the term of the provisions
                                         of the Services, any outstanding agreement or obligation that is or will be in conflict
                                         with any of the provisions of this Agreement, or that would preclude the Consultant from
                                         complying with the provisions hereof or otherwise restrict the Consultant in any way
                                         in performing the Services.

 

    	 	 	 

    	 	- 5 -	 

    

 

		6.2.	The
                                         Consultant represents and warrants that the execution and delivery of this Agreement,
                                         the performance of the Services and the fulfillment of the terms hereof will not: (a)
                                         constitute, in whole or in part, a default, violation or breach under or conflict in
                                         any way with any agreement, obligation, undertaking or commitment to which the Consultant
                                         is a party or by which he is bound, including without limitation, any confidentiality,
                                         invention assignment or non-competition agreement and (b) do not require the consent,
                                         permission or authorization of or notification to any person or entity.
	 	 	 
		6.3.	The
                                         Consultant hereby undertakes to comply with all Company disciplinary regulations, work
                                         rules, policies, procedures and objectives, which are relevant to the performance of
                                         the Services or otherwise to consultants of the Company.
	 	 	 
		6.4.	The
                                         Consultant agrees that the Company may monitor the Consultant’s use of its Systems
                                         (as defined below) and copy, transfer and disclose such electronic communications and
                                         content transmitted by or stored in such Systems, in pursuit of the Company’s legitimate
                                         business interests, all in accordance with the Company’s policies in place from
                                         time to time, and subject to applicable law. For the purposes of this Section, the term
                                         “Systems” includes all of the Company’s owned or leased computers
                                         (including laptops), mobile phones and other mobile devices, keys, PDAs, credit cards,
                                         printers, card access to any company building, files, e-mails, tapes, programs, records
                                         and software, computer access codes or disks, and other similar systems.
	 	 	 
		6.5.	The
                                         Consultant shall not solicit or accept in connection with the performance of the Services
                                         or in connection with the Company, any gift, benefit, favor, loan, or any other thing
                                         of monetary value, from a person who is or is possibly connected, directly or indirectly,
                                         to either the business of the Company, a competitor of the Company or a potential competitor
                                         of the Company.
	 	 	 
		6.6.	The
                                         Consultant shall not make any representations or warranties to anyone with respect to
                                         any contract or otherwise without the Company’s prior written authorization.
	 	 	 
		6.7.	The
                                         Consultant shall take all necessary precautions to prevent the occurrence of any bodily
                                         injury or property damage, to the Company, its employees or any third party, arising
                                         out of or resulting from the performance of the Services and shall be solely responsible,
                                         and liable, for any such bodily injury or property damage.

 

	7.	Miscellaneous

 

		7.1.	In
                                         this Agreement the term “Affiliate” shall mean, any person or entity
                                         that directly or indirectly controls, is controlled by, or is under common control with,
                                         a party to this Agreement. For purposes hereof, the term “control” means
                                         the power to direct the management or affairs of a person or entity through the ownership
                                         of voting securities, by contract, or otherwise.
	 	 	 
		7.2.	The
                                         preamble and the schedules hereto shall form an integral part of this Agreement. All
                                         headings of the Sections and Subsections of this Agreement are intended for convenience
                                         of reference and shall not be used in interpreting this Agreement.
	 	 	 
		7.3.	Assignment.
                                         Neither this Agreement nor any interest herein may be assigned by the Consultant without
                                         the prior written consent of the Company. The Company may assign or transfer this Agreement
                                         or any of its rights and/or obligations under this Agreement without the Consultant’s
                                         consent.

 

    	 	 	 

    	 	- 6 -	 

    

 

		7.4.	Entire
                                         Agreement; Amendments. This Agreement constitutes the entire agreement between the
                                         Consultant and the Company with respect to the subject matter hereof and supersedes any
                                         other arrangement, understanding or agreement, verbal or otherwise. No amendment of or
                                         waiver of, or modification of any obligation under this Agreement will be enforceable
                                         unless set forth in a writing signed by the parties hereto. No delay or failure to require
                                         performance of any provision of this Agreement shall constitute a waiver of that provision
                                         as to that or any other instance.
	 	 	 
		7.5.	Law;
                                         Jurisdiction. This Agreement shall be governed by the laws of the State of Israel
                                         (excluding its conflict of law principles) and the competent courts/tribunals of Tel-Aviv
                                         shall have exclusive jurisdiction over any disputes arising hereunder.
	 	 	 
		7.6.	No
                                         Waiver. No failure or delay on the part of any party hereto in exercising any right,
                                         power or remedy thereunder shall operate as a waiver thereof, nor shall any single or
                                         partial exercise of any such right, power or remedy preclude any other or further exercise
                                         thereof or the exercise of any other right, power or remedy. Any waiver granted thereunder
                                         must be in writing and shall be valid only in the specific instance in which given.
	 	 	 
		7.7.	Severability.
                                         If any provision of this Agreement is held by a court of competent jurisdiction to be
                                         unenforceable under applicable law, then such provision shall be excluded from this Agreement
                                         and the remainder of this Agreement shall be interpreted as if such provision were so
                                         excluded and shall be enforceable in accordance with its terms; provided, however, that
                                         in such event this Agreement shall be interpreted so as to give effect, to the greatest
                                         extent consistent with and permitted by applicable law, to the meaning and intention
                                         of the excluded provision as determined by such court of competent jurisdiction.
	 	 	 
		7.8.	Notices.
                                         Any notice or other communication in connection with this Agreement must be in writing
                                         to the address set forth in the preamble to this Agreement (or to such other address
                                         as shall be specified by like notice) and will be deemed given: (i) if sent by a delivery
                                         service, on the date confirmed as the actual date of delivery by such service; (ii) if
                                         sent by registered air mail, return receipt requested, within seven (7) days of mailing;
                                         or (iii) if sent by facsimile or email with electronic confirmation of transmission,
                                         on the next business day after transmission, if not transmitted on a business day, or
                                         on the day of transmission, if transmitted on a business day.
	 	 	 
		7.9.	Survival.
                                         The provisions of Sections ‎4, ‎5, and ‎6 of this Agreement shall continue
                                         and remain in full force and effect following the termination or expiration of this Agreement,
                                         for whatever reason.

 

    	 	 	 

    	 	- 7 -	 

    

 

IN
WITNESS WHEREOF, the parties have signed this Agreement as of the date hereof.

 

	/s/
    Yaron Silberman	 	/s/
    Benad Goldwasser	 	/s/
    Kfir Zilberman
	ScoutCam
    Ltd.  	 	ScoutCam
    Ltd.	 	Shrem
    Zilberman Group Ltd. 
	By:
    Yaron Silberman	 	By:
    Benad Goldwasser	 	By:
    Kfir Zilberman
	Title:
    CEO	 	Title:
    Chairman	 	Title:
    OwnerExhibit
10.10

 

 

 

ScoutCam
Inc.

2020
Share Incentive Plan

 

 

 

Unless
otherwise defined, terms used herein shall have the meaning ascribed to them in Section 2 hereof.

 

1.
PURPOSE; TYPES OF AWARDS; CONSTRUCTION.

 

1.1.
Purpose. The purpose of this 2020 Share Incentive Plan (as amended, this “Plan”) is to afford an incentive
to Service Providers of ScoutCam Inc., a Nevada registered company (together with any successor corporation thereto, the “Corporation”),
or any Affiliate of the Corporation, which now exists or hereafter is organized or acquired by the Corporation or its Affiliates,
to continue as Service Providers, to increase their efforts on behalf of the Corporation or its Affiliates and to promote the
success of the Corporation’s business, by providing such Service Providers with opportunities to acquire a proprietary interest
in the Corporation by the issuance of Shares or restricted Shares (“Restricted Shares”) of the Corporation,
and by the grant of options to purchase Shares (“Options”), Restricted Share Units (“RSUs”)
and other Share-based Awards pursuant to Sections ‎11 through ‎13 of this Plan.

 

1.2.
Types of Awards. This Plan is intended to enable the Corporation to issue Awards under various tax regimes, including:

 

(i)
pursuant and subject to the provisions of Section 102 of the Ordinance (or the corresponding provision of any subsequently enacted
statute, as amended from time to time), and all regulations and interpretations adopted by any competent authority, including
the Israel Tax Authority (the “ITA”), including the Income Tax Rules (Tax Benefits in Stock Issuance to Employees)
5763-2003 or such other rules so adopted from time to time (the “Rules”) (such Awards that are intended to
be (as set forth in the Award Agreement) and which qualify as such under Section 102 of the Ordinance and the Rules, “102
Awards”);

 

(ii)
pursuant to Section 3(i) of the Ordinance or the corresponding provision of any subsequently enacted statute, as amended from
time to time (such Awards, “3(i) Awards”);

 

(iii)
Incentive Stock Options within the meaning of Section 422 of the Code, or the corresponding provision of any subsequently enacted
United States federal tax statute, as amended from time to time, to be granted to Employees who are deemed to be residents of
the United States, for purposes of taxation, or are otherwise subject to U.S. Federal income tax (such Awards that are intended
to be (as set forth in the Award Agreement) and which qualify as an incentive stock option within the meaning of Section 422(b)
of the Code, “Incentive Stock Options”); and

 

(iv)
Options not intended to be (as set forth in the Award Agreement) or which do not qualify as an Incentive Stock Option to be granted
to Service Providers who are deemed to be residents of the United States for purposes of taxation, or are otherwise subject to
U.S. Federal income tax (“Nonqualified Stock Options”).

 

In
addition to the issuance of Awards under the relevant tax regimes in the United States of America and the State of Israel, and
without derogating from the generality of Section ‎25, this Plan contemplates issuances to Grantees in other jurisdictions
or under other tax regimes with respect to which the Committee is empowered, but is not required, to make the requisite adjustments
in this Plan and set forth the relevant conditions in an appendix to this Plan or in the Corporation’s agreement with the
Grantee in order to comply with the requirements of such other tax regimes.

 

1.3.
Corporation Status. This Plan contemplates the issuance of Awards by the Corporation, both as a private and public company.

 

    	 

    	2

    

 

1.4.
Construction. To the extent any provision herein conflicts with the conditions of any relevant tax law, rule or regulation
which are relied upon for tax relief in respect of a particular Award to a Grantee, the Committee is empowered, but is not required,
hereunder to determine that the provisions of such law, rule or regulation shall prevail over those of this Plan and to interpret
and enforce such prevailing provisions. With respect to 102 Awards, if and to the extent any action or the exercise or application
of any provision hereof or authority granted hereby is conditioned or subject to obtaining a ruling or tax determination from
the ITA, to the extent required by applicable law, then the taking of any such action or the exercise or application of such section
or authority with respect to 102 Awards shall be conditioned upon obtaining such ruling or tax determination, and, if obtained,
shall be subject to any condition set forth therein; it being clarified that there is no obligation to apply for any such ruling
or tax determination (which shall be in the sole discretion of the Committee) and no assurance is made that if applied any such
ruling or tax determination will be obtained (or the conditions thereof).

 

2.
DEFINITIONS.

 

2.1.
Terms Generally. Except when otherwise indicated by the context, (i) the singular shall include the plural and the plural
shall include the singular; (ii) any pronoun shall include the corresponding masculine, feminine and neuter forms; (iii) any definition
of or reference to any agreement, instrument or other document herein shall be construed as referring to such agreement, instrument
or other document as from time to time amended, restated, supplemented or otherwise modified (subject to any restrictions on such
amendments, restatements, supplements or modifications set forth therein or herein), (iv) references to any law, constitution,
statute, treaty, regulation, rule or ordinance, including any section or other part thereof shall refer to it as amended from
time to time and shall include any successor thereof, (v) reference to a “company” or “entity” shall include
a, partnership, corporation, limited liability company, association, trust, unincorporated organization, or a government or agency
or political subdivision thereof, and reference to a “person” shall mean any of the foregoing or an individual, (vi)
the words “herein”, “hereof” and “hereunder”, and words of similar import, shall be construed
to refer to this Plan in its entirety, and not to any particular provision hereof, (vii) all references herein to Sections shall
be construed to refer to Sections to this Plan; (viii) the words “include”, “includes” and “including”
shall be deemed to be followed by the phrase “without limitation”; and (ix) use of the term “or” is not
intended to be exclusive.

 

2.2.
Defined Terms. The following terms shall have the meanings ascribed to them in this Section 2:

 

2.3.
“Affiliate” shall mean, with respect to any person, any other person that, directly or indirectly through one
or more intermediaries, controls, is controlled by, or is under common control with, such person (with the term “control”
or “controlled by” within the meaning of Rule 405 of Regulation C under the Securities Act), including, without limitation,
any Parent or Subsidiary, or Employer.

 

2.4.
“Applicable Law” shall mean any applicable law, rule, regulation, statute, pronouncement, policy, interpretation,
judgment, order or decree of any federal, provincial, state or local governmental, regulatory or adjudicative authority or agency,
of any jurisdiction, and the rules and regulations of any stock exchange, over-the-counter market or trading system on which the
Corporation’s shares are then traded or listed.

 

2.5.
“Award” shall mean any Option, Restricted Share, RSUs, Shares or any other Share-based award granted under
this Plan.

 

2.6.
“Board” shall mean the Board of Directors of the Corporation.

 

2.7.
“Bylaws” – shall mean ScoutCam Inc.’s by-laws.

 

    	 

    	3

    

 

2.8.
“Change in Board Event” shall mean any time at which individuals who, as of the Effective Date, constitute
the Board (the “Incumbent Board”) cease for any reason to constitute at least a majority of the Board; provided,
however, that any individual becoming a director subsequent to the Effective Date whose election, or nomination for election
by the Corporation’s shareholders, was approved by a vote of at least a majority of the directors then comprising the Incumbent
Board shall be considered as though such individual were a member of the Incumbent Board, but excluding, for this purpose, any
such individual whose initial assumption of office occurs as a result of an actual or threatened election contest with respect
to the election or removal of directors or other actual or threatened solicitation of proxies or consents by or on behalf of a
Person other than the Board.

 

2.9.
“Charter”- shall mean ScoutCam Inc.’s Certificate of Incorporation.

 

2.10.
“Code” shall mean the United States Internal Revenue Code of 1986, and any applicable regulations promulgated
thereunder, all as amended.

 

2.11.
“Committee” shall mean a committee established or appointed by the Board to administer this Plan, subject to
Section ‎3.1.

 

2.12.
“Controlling Shareholder” shall have the meaning set forth in Section 32(9) of the Ordinance.

 

2.13.
“Disability” shall mean (i) the inability of a Grantee to engage in any substantial gainful activity or to
perform the major duties of the Grantee’s position with the Corporation or its Affiliates by reason of any medically determinable
physical or mental impairment which has lasted or can be expected to last for a continuous period of not less than 12 months (or
such other period as determined by the Committee), as determined by a qualified doctor acceptable to the Corporation, (ii) if
applicable, a “permanent and total disability” as defined in Section 22(e)(3) of the Code or Section 409A(a)(2)(c)(i)
of the Code, as amended from time to time, or (iii) as defined in a policy of the Corporation that the Committee deems applicable
to this Plan, or that makes reference to this Plan, for purposes of this definition. Notwithstanding the foregoing, for Awards
that are subject to Section 409A of the Code, Disability shall mean that a Participant is disabled under Section 409A(a)(2)(C)(i)
or (ii) of the Code.

 

2.14.
“Employee” shall mean any person treated as an employee (including an officer or a director who is also treated
as an employee) in the records of the Corporation or any of its Affiliates (and in the case of 102 Awards, subject to Section
‎9.3 or in the case of Incentive Stock Options, who is an employee for purposes of Section 422 of the Code); provided, however,
that neither service as a director nor payment of a director’s fee shall be sufficient to constitute employment for purposes
of this Plan. The Corporation shall determine in good faith and in the exercise of its discretion whether an individual has become
or has ceased to be an Employee and the effective date of such individual’s employment or termination of employment, as
the case may be. For purposes of a person’s rights, if any, under this Plan as of the time of the Corporation’s determination,
all such determinations by the Corporation shall be final, binding and conclusive, notwithstanding that the Corporation or any
court of law or governmental agency subsequently makes a contrary determination.

 

2.15.
“Employer” means, for purpose of a 102 Trustee Award, the Corporation or an Affiliate, Subsidiary or Parent
thereof, which is an “employing company” within the meaning and subject to the conditions of Section 102(a) of the
Ordinance.

 

2.16.
“employment”, “employed” and words of similar import shall be deemed to refer to the employment
of Employees or to the services of any other Service Provider, as the case may be.

 

2.17.
“exercise” “exercised” and words of similar import, when referring to an Award that does
not require exercise or that is settled upon vesting (such as may be the case with RSUs or Restricted Shares, if so determined
in their terms), shall be deemed to refer to the vesting of such an Award (regardless of whether or not the wording included reference
to vesting of such an Awards explicitly).

 

    	 

    	4

    

 

2.18.
“Exercise Period” shall mean the period, commencing on the date of grant of an Award, during which an Award
shall be exercisable, subject to any vesting provisions thereof (including any acceleration thereof, if any) and subject to the
termination provisions hereof.

 

2.19.
“Exercise Price” shall mean the exercise price for each Share covered by an Option or the purchase price for
each Share covered by any other Award.

 

2.20.
“Fair Market Value” shall mean, as of any date, the value of a Share or other securities, property or rights
as determined by the Board, in its discretion, subject to the following: (i) if, on such date, the Shares are listed on any securities
exchange, the average closing sales price per Share on which the Shares are principally traded over the thirty (30) day calendar
period preceding the subject date (utilizing all trading days during such 30 calendar day period), as reported in The Wall Street
Journal or such other source as the Corporation deems reliable; (ii) if, on such date, the Shares are then quoted in an over-the-counter
market, the average of the closing bid and asked prices for the Shares in that market during the thirty (30) day calendar period
preceding the subject date (utilizing all trading days during such 30 calendar day period), as reported in The Wall Street Journal
or such other source as the Corporation deems reliable; or (iii) if, on such date, the Shares are not then listed on a securities
exchange or quoted in an over-the-counter market, or in case of any other securities, property or rights, such value as the Committee,
in its sole discretion, shall determine, with full authority to determine the method for making such determination and which determination
shall be conclusive and binding on all parties, and shall be made after such consultations with outside legal, accounting and
other experts as the Committee may deem advisable; provided, however, that, if applicable, the Fair Market Value of the Shares
shall be determined in a manner that is intended to satisfy the applicable requirements of and subject to Section 409A of the
Code, and with respect to Incentive Stock Options, in a manner that is intended to satisfy the applicable requirements of and
subject to Section 422 of the Code, subject to Section 422(c)(7) of the Code. The Committee shall maintain a written record of
its method of determining such value. If the Shares are listed or quoted on more than one established stock exchange or over-the-counter
market, the Committee shall determine the principal such exchange or market and utilize the price of the Shares on that exchange
or market (determined as per the method described in clauses (i) or (ii) above, as applicable) for the purpose of determining
Fair Market Value.

 

2.21.
“Grantee” shall mean a person who has been granted an Award(s) under this Plan.

 

2.22.
“Ordinance” shall mean the Israeli Income Tax Ordinance (New Version) 1961, and the regulations and rules (including
the Rules) promulgated thereunder, all as amended from time to time.

 

2.23.
“Parent” shall mean any company (other than the Corporation), which now exists or is hereafter organized, (i)
in an unbroken chain of companies ending with the Corporation if, at the time of granting an Award, each of the companies (other
than the Corporation) owns stock possessing fifty percent (50%) or more of the total combined voting power of all classes of stock
in one of the other companies in such chain, or (ii) if applicable and for purposes of Incentive Stock Options, that is a “parent
corporation” of the Corporation, as defined in Section 424(e) of the Code.

 

2.24.
“Retirement” shall mean a Grantee’s retirement pursuant to Applicable Law or in accordance with the terms
of any tax-qualified retirement plan maintained by the Corporation or any of its Affiliates in which the Grantee participates
or is subject to.

 

2.25.
“Securities Act” shall mean the U.S. Securities Act of 1933, and the rules and regulations promulgated thereunder,
all as amended from time to time.

 

    	 

    	5

    

 

2.26.
“Service Provider” shall mean an Employee, director, officer, consultant, advisor and any other person or entity
who provides services to the Corporation or any Parent, Subsidiary or Affiliate thereof. Service Providers shall include prospective
Service Providers to whom Awards are granted in connection with written offers of an employment or other service relationship
with the Corporation or any Parent, Subsidiary or any Affiliates thereof, provided, however, that such employment or service shall
have actually commenced.

 

“Shares”
shall mean shares of common stock, par value US$0.001 per share, of the Corporation (as adjusted for stock split, reverse stock
split, bonus shares, combination or other recapitalization events), or shares of such other class of shares of the Corporation
as shall be designated by the Board in respect of the relevant Award(s). “Shares” include any securities, property
or rights issued or distributed with respect thereto.

 

2.27.
“Subsidiary” shall mean any company (other than the Corporation), which now exists or is hereafter organized
or acquired by the Corporation, (i) in an unbroken chain of companies beginning with the Corporation if, at the time of granting
an Award, each of the companies other than the last company in the unbroken chain owns stock possessing fifty percent (50%) or
more of the total combined voting power of all classes of stock in one of the other companies in such chain, or (ii) if applicable
and for purposes of Incentive Stock Options, that is a “subsidiary corporation” of the Corporation, as defined in
Section 424(f) of the Code.

 

2.28.
“tax(es)” shall mean (a) all federal, state, local or foreign taxes, charges, fees, imposts, levies or other
assessments, including all income, capital gains, alternative or add-on minimum, transfer, value added tax, real and personal
property, withholding, payroll, employment, escheat, social security, disability, national security, health tax, wealth surtax,
stamp, registration and estimated taxes, customs duties, fees, assessments and charges of any similar kind whatsoever (including
under Section 280G of the Code) or other tax of any kind whatsoever, (b) all interest, indexation differentials, penalties, fines,
additions to tax or additional amounts imposed by any taxing authority in connection with any item described in clause (a), (c)
any transferee or successor liability in respect of any items described in clauses (a) or (b) payable by reason of contract, assumption,
transferee liability, successor liability, operation of Applicable Law, or as a result of any express or implied obligation to
assume Taxes or to indemnify any other person, and (d) any liability for the payment of any amounts of the type described in clause
(a) or (b) payable as a result of being a member of an affiliated, consolidated, combined, unitary or aggregate or other group
for any taxable period, including under U.S. Treasury Regulations Section 1.1502-6(a) (or any predecessor or successor thereof
of any analogous or similar provision under Law) or otherwise.

 

2.29.
“Ten Percent Shareholder” shall mean a Grantee who, at the time an Award is granted to the Grantee, owns shares
possessing more than ten percent (10%) of the total combined voting power of all classes of shares of the Corporation or any Parent
or Subsidiary, within the meaning of Section 422(b)(6) of the Code.

 

2.30.
“Trustee” shall mean the trustee appointed by the Committee to hold the Awards (and, in relation with 102 Trustee
Awards, approved by the ITA), if so appointed.

 

2.31.
Other Defined Terms. The following terms shall have the meanings ascribed to them in the Sections set forth below:

 

	Term	Section
	102
    Awards	‎1.2‎(i)
	102
    Capital Gains Track Awards	‎9.1
	102
    Non-Trustee Awards	‎9.2
	102
    Ordinary Income Track Awards	‎9.1
	102
    Trustee Awards	‎9.1
	3(i)
    Awards	‎1.2‎(ii)
	Award
    Agreement	‎6
	Cause	‎6.6.4.4
	Corporation	‎1.1
	Effective
    Date	‎24.1
	Election	‎9.2
	Eligible
    102 Grantees	‎9.3.1
	Incentive
    Stock Options	‎1.2(iii)
    
	Information	‎16.4
	ITA	‎‎‎1.2‎(i)
	Market
    Stand-Off	‎17
	Market
    Stand-Off Period	‎17
	Merger/Sale	‎14.2
	Nonqualified
    Stock Options	‎1.2‎(iv)
	Plan	‎1.1
	Pool	‎5.1
	Recapitalization	‎14.1
	Required
    Holding Period	‎9.5
	Restricted
    Period	‎11.2
	Restricted
    Share Agreement	‎11
	Restricted
    Share Unit Agreement	‎12
	Restricted
    Shares	‎1.1
	RSUs	‎1.1
	Rules	‎‎1.2‎(i)
	Securities	‎17.1
	Successor
    Corporation	‎14.2.1
	Withholding
    Obligations	‎18.5

 

    	 

    	6

    

 

3.
ADMINISTRATION.

 

3.1.
To the extent permitted under Applicable Law, the Charter, the Bylaws and any other governing document of the Corporation, this
Plan shall be administered by the Committee. In the event that the Board does not appoint or establish a committee to administer
this Plan, this Plan shall be administered by the Board, and, accordingly, any and all references herein to the Committee shall
be construed as references to the Board. In the event that an action necessary for the administration of this Plan is required
under Applicable Law to be taken by the Board without the right of delegation, or if such action or power was explicitly reserved
by the Board in appointing, establishing and empowering the Committee, then such action shall be so taken by the Board. In any
such event, all references herein to the Committee shall be construed as references to the Board. Even if such a Committee was
appointed or established, the Board may take any actions that are stated to be vested in the Committee, and shall not be restricted
or limited from exercising all rights, powers and authorities under this Plan or Applicable Law.

 

3.2.
The Board shall appoint the members of the Committee, may from time to time remove members from, or add members to, the Committee,
and shall fill vacancies in the Committee, however caused, provided that the composition of the Committee shall at all times be
in compliance with any mandatory requirements of Applicable Law, the Charter, the Bylaws and any other governing document of the
Corporation. The Committee may select one of its members as its Chairman and shall hold its meetings at such times and places
as it shall determine. The Committee may appoint a Secretary, who shall keep records of its meetings, and shall make such rules
and regulations for the conduct of its business as it shall deem advisable and subject to mandatory requirements of Applicable
Law.

 

3.3.
Subject to the terms and conditions of this Plan, any mandatory provisions of Applicable Law and any provisions of any Corporation
policy required under mandatory provisions of Applicable Law, and in addition to the Committee’s powers contained elsewhere
in this Plan, the Committee shall have full authority, in its discretion, from time to time and at any time, to determine any
of the following, or to recommend to the Board any of the following if it is not authorized to take such action according to Applicable
Law:

 

(i)
eligible Grantees,

 

(ii)
grants of Awards and setting the terms and provisions of Award Agreements (which need not be identical) and any other agreements
or instruments under which Awards are made, including the number of Shares underlying each Award and the class of Shares underlying
each Award (if more than one class was designated by the Board),

 

(iii)
the time or times at which Awards shall be granted.

 

(iv)
the terms, conditions and restrictions applicable to each Award (which need not be identical) and any Shares acquired upon the
exercise or (if applicable) vesting thereof, including (1) designating Awards under Section ‎1.2; (2) the vesting schedule,
the acceleration thereof and terms and conditions upon which Awards may be exercised or become vested, (3) the Exercise Price,
(4) the method of payment for Shares purchased upon the exercise or (if applicable) vesting of the Awards, (5) the method for
satisfaction of any tax withholding obligation arising in connection with the Awards or such Shares, including by the withholding
or delivery of Shares, (6) the time of the expiration of the Awards, (7) the effect of the Grantee’s termination of employment
with the Corporation or any of its Affiliates, and (8) all other terms, conditions and restrictions applicable to the Award or
the Shares not inconsistent with the terms of this Plan,

 

(v)
to accelerate, continue, extend or defer the exercisability of any Award or the vesting thereof, including with respect to the
period following a Grantee’s termination of employment or other service.

 

(vi)
the interpretation of this Plan and any Award Agreement and the meaning, interpretation and applicability of terms referred to
in Applicable Law,

 

(vii)
policies, guidelines, rules and regulations relating to and for carrying out this Plan, and any amendment, supplement or rescission
thereof, as it may deem appropriate,

 

(viii)
to adopt supplements to, or alternative versions of, this Plan, including, without limitation, as it deems necessary or desirable
to comply with the laws of, or to accommodate the tax regime or custom of, foreign jurisdictions whose citizens or residents may
be granted Awards,

 

(ix)
the Fair Market Value of the Shares or other securities, property or rights,

 

(x)
the tax track (capital gains, ordinary income track or any other track available under the Section 102 of the Ordinance) for the
purpose of 102 Awards,

 

    	 

    	7

    

 

(xi)
the authorization and approval of conversion, substitution, cancellation or suspension under and in accordance with this Plan
of any or all Awards or Shares,

 

(xii)
unless otherwise provided under the terms of this Plan, the amendment, modification, waiver or supplement of the terms of any
outstanding Award (including, without limitation, reducing the Exercise Price of an Award), provided, however, that
if such amendments increases the Exercise Price of an Award or reduces the number of Shares underlying an Award, then such amendments
shall require the consent of the applicable Grantee, unless such amendment is made pursuant to the exercise of rights or authorities
in accordance with Section ‎14.

 

(xiii)
without limiting the generality of the foregoing, and subject to the provisions of Applicable Law, to grant to a Grantee, who
is the holder of an outstanding Award, in exchange for the cancellation of such Award, a new Award having an Exercise Price lower
than that provided in the Award so canceled and containing such other terms and conditions as the Committee may prescribe in accordance
with the provisions of this Plan or to set a new Exercise Price for the same Award lower than that previously provided in the
Award.

 

(xiv)
to correct any defect, supply any omission or reconcile any inconsistency in this Plan or any Award Agreement and all other determinations
and take such other actions with respect to this Plan or any Award as it may deem advisable to the extent not inconsistent with
the provisions of this Plan or Applicable Law, and

 

(xv)
any other matter which is necessary or desirable for, or incidental to, the administration of this Plan and any Award thereunder.

 

3.4.
The authority granted hereunder includes the authority to modify Awards to eligible individuals who are foreign nationals or are
individuals who are employed outside Israel to recognize differences in local law, tax policy or custom, in order to effectuate
the purposes of this Plan but without amending this Plan.

 

3.5.
The Board and the Committee shall be free at all times to make such determinations and take such actions as they deem fit. The
Board and the Committee need not take the same action or determination with respect to all Awards, with respect to certain types
of Awards, with respect to all Service Providers or any certain type of Service Providers and actions and determinations may differ
as among the Grantees, and as between the Grantees and any other holders of securities of the Corporation.

 

3.6.
All decisions, determinations, and interpretations of the Committee, the Board and the Corporation under this Plan shall be final
and binding on all Grantees (whether before or after the issuance of Shares pursuant to Awards), unless otherwise determined by
the Committee, the Board or the Corporation, respectively. The Committee shall have the authority (but not the obligation) to
determine the interpretation and applicability of Applicable Law to any Grantee or any Awards. No member of the Committee or the
Board shall be liable to any Grantee for any action taken or determination made in good faith with respect to this Plan or any
Award granted hereunder.

 

3.7.
Any officer or authorized signatory of the Corporation shall have the authority to act on behalf of the Corporation with respect
to any matter, right, obligation, determination or election which is the responsibility of or which is allocated to the Corporation
herein, provided such person has apparent authority with respect to such matter, right, obligation, determination or election.
Such person or authorized signatory shall not be liable to any Grantee for any action taken or determination made in good faith
with respect to this Plan or any Award granted hereunder.

 

    	 

    	8

    

 

4.
ELIGIBILITY.

 

Awards
may be granted to Service Providers of the Corporation or any Affiliate thereof, taking into account, at the Committee’s
discretion and without an obligation to do so, the qualification under each tax regime pursuant to which such Awards are granted,
subject to the limitation on the granting of Incentive Stock Options set forth in Section ‎8.1. A person who has been granted
an Award hereunder may be granted additional Awards, if the Committee shall so determine, subject to the limitations herein. However,
eligibility in accordance with this Section ‎4 shall not entitle any person to be granted an Award, or, having been granted
an Award, to be granted an additional Award.

 

Awards
may differ in number of Shares covered thereby, the terms and conditions applying to them or on the Grantees or in any other respect
(including, that there should not be any expectation (and it is hereby disclaimed) that a certain treatment, interpretation or
position granted to one shall be applied to the other, regardless of whether or not the facts or circumstances are the same or
similar).

 

5.
SHARES.

 

5.1.
The maximum aggregate number of Shares that may be issued pursuant to Awards under this Plan (the “Pool”) shall
initially be 5,228,007 authorized but unissued Shares (except and as adjusted pursuant to Section ‎14.1 of this Plan), or
such other number as the Board may determine from time to time (without the need to amend the Plan in case of such determination).
However, except as adjusted pursuant to Section ‎14.1, in no event shall more than such number of Shares constituting the
Pool, as adjusted in accordance with Section ‎5.2, be available for issuance pursuant to the exercise of Incentive Stock Options.

 

5.2.
Any Shares under the Pool that are not subject to outstanding or exercised Awards at the termination of this Plan shall cease
to be reserved for the purpose of this Plan.

 

6.
TERMS AND CONDITIONS OF AWARDS.

 

Each
Award granted pursuant to this Plan shall be evidenced by a written or electronic agreement between the Corporation and the Grantee
or a written or electronic notice delivered by the Corporation (the “Award Agreement”), in substantially such
form or forms and containing such terms and conditions, as the Committee shall from time to time approve. The Award Agreement
shall comply with and be subject to the following general terms and conditions and the provisions of this Plan (except for any
provisions applying to Awards under different tax regimes), unless otherwise specifically provided in such Award Agreement, or
the terms referred to in other Sections of this Plan applying to Awards under such applicable tax regimes, or terms prescribed
by Applicable Law. Award Agreements need not be in the same form and may differ in the terms and conditions included therein.

 

6.1.
Number of Shares. Each Award Agreement shall state the number of Shares covered by the Award.

 

6.2.
Type of Award. Each Award Agreement may state the type of Award granted thereunder, provided that the tax treatment of
any Award, whether or not stated in the Award Agreement, shall be as determined in accordance with Applicable Law.

 

6.3.
Exercise Price. Each Award Agreement shall state the Exercise Price, if applicable. Subject to Sections 3, ‎7.2 and
‎8.2 and to the foregoing, the Committee may reduce the Exercise Price of any outstanding Award, on terms and subject to such
conditions as it deems advisable. The Exercise Price shall also be subject to adjustment as provided in Section ‎14 hereof.
The Exercise Price of any outstanding Award granted to a Grantee who is subject to U.S. federal income tax shall be determined
in accordance with Section 409A of the Code.

 

6.4.
Manner of Exercise. An Award may be exercised, as to any or all Shares as to which the Award has become exercisable, by
written notice delivered in person or by mail (or such other methods of delivery prescribed by the Corporation) to the Chief Financial
Officer of the Corporation or to such other person as determined by the Committee, or in any other manner as the Committee shall
prescribe from time to time, specifying the number of Shares with respect to which the Award is being exercised (which may be
equal to or lower than the aggregate number of Shares that have become exercisable at such time, subject to the last sentence
of this Section), accompanied by payment of the aggregate Exercise Price for such Shares in the manner specified in the following
sentence. The Exercise Price shall be paid in full with respect to each Share, at the time of exercise, either in (i) cash, (ii)
if the Corporation’s shares are listed for trading on any securities exchange or over-the-counter market, and if the Committee
so determines, all or part of the Exercise Price and any withholding taxes may be paid by the delivery (on a form prescribed by
the Corporation) of an irrevocable direction to a securities broker approved by the Corporation to sell Shares and to deliver
all or part of the sales proceeds to the Corporation or the Trustee, (iii) if the Corporation’s shares are listed for trading
on any securities exchange or over-the-counter market, and if the Committee so determines, all or part of the Exercise Price and
any withholding taxes may be paid by the delivery (on a form prescribed by the Corporation) of an irrevocable direction to pledge
Shares to a securities broker or lender approved by the Corporation, as security for a loan, and to deliver all or part of the
loan proceeds to the Corporation or the Trustee, or (iv) in such other manner as the Committee shall determine, which may include
procedures for cashless exercise. The application of cashless exercise with respect to any 102 Awards shall be subject to obtaining
a ruling from the ITA, to the extent required by applicable law.

 

    	 

    	9

    

 

6.5.
Term and Vesting of Awards.

 

6.5.1.
Each Award Agreement shall provide the vesting schedule for the Award as determined by the Committee. The Committee shall have
the authority to determine the vesting schedule and accelerate the vesting of any outstanding Award at such time and under such
circumstances as it, in its sole discretion, deems appropriate. Unless otherwise resolved by the Committee and stated in the Award
Agreement, and subject to Sections ‎6.6 and ‎6.7 hereof, Awards shall vest and become exercisable under the following
schedule: twenty-five percent (25%) of the Shares covered by the Award, on the first anniversary of the vesting commencement date
determined by the Committee (and in the absence of such determination, of date on which such Award was granted), and six and one-quarter
percent (6.25%) of the Shares covered by the Award at the end of each subsequent three-month period thereafter over the course
of the following three (3) years; provided that the Grantee remains continuously as a Service Provider of the Corporation or its
Affiliates throughout such vesting dates.

 

6.5.2.
The Award Agreement may contain performance goals and measurements (which, in case of 102 Trustee Awards, may, if then required,
be subject to obtaining a specific tax ruling or determination from the ITA), and the provisions with respect to any Award need
not be the same as the provisions with respect to any other Award. Such performance goals may include, but are not limited to,
sales, earnings before interest and taxes, return on investment, earnings per share, any combination of the foregoing or rate
of growth of any of the foregoing, as determined by the Committee. The Committee may adjust performance goals pursuant to Awards
previously granted to take into account changes in law and accounting and tax rules and to make such adjustments as the Committee
deems necessary or appropriate to reflect the inclusion or the exclusion of the impact of extraordinary or unusual items, events
or circumstances.

 

6.5.3.
The Exercise Period of an Award will be seven years from the date of grant of the Award, unless otherwise determined by the Committee
and stated in the Award Agreement, but subject to the vesting provisions described above and the early termination provisions
set forth in Sections ‎6.6 and ‎6.7 hereof. At the expiration of the Exercise Period, any Award, or any part thereof,
that has not been exercised within the term of the Award and the Shares covered thereby not paid for in accordance with this Plan
and the Award Agreement shall terminate and become null and void, and all interests and rights of the Grantee in and to the same
shall expire.

 

6.6.
Termination.

 

6.6.1.
Unless otherwise determined by the Committee, and subject to Section ‎6.7 hereof, an Award may not be exercised unless the
Grantee is then a Service Provider of the Corporation or an Affiliate thereof or, in the case of an Incentive Stock Option, an
employee of a company or a parent or subsidiary company of such company issuing or assuming the Option in a transaction to which
Section 424(a) of the Code applies, and unless the Grantee has remained continuously so employed since the date of grant of the
Award and throughout the vesting dates.

 

    	 

    	10

    

 

6.6.2.
In the event that the employment or service of a Grantee shall terminate (other than by reason of death, Disability or Retirement),
all Awards of such Grantee that are unvested at the time of such termination shall terminate on the date of such termination,
and all Awards of such Grantee that are vested and exercisable at the time of such termination may be exercised within up to three
(3) months after the date of such termination (or such different period as the Committee shall prescribe), but in any event no
later than the date of expiration of the Award’s term as set forth in the Award Agreement or pursuant to this Plan; provided,
however, that if the Corporation (or the Subsidiary or Affiliate, when applicable) shall terminate the Grantee’s employment
or service for Cause (as defined below) (whether occurring prior to or after termination of employment or service), all Awards
theretofore granted to such Grantee (whether vested or not) shall terminate, unless otherwise determined by the Committee, and
any Shares issued upon exercise or (if applicable) vesting of Awards (including other Shares or securities issued or distributed
with respect thereto), whether held by the Grantee or by the Trustee for the Grantee’s benefit, shall be deemed to be irrevocably
offered for sale to the Corporation, any of its Affiliates or any person designated by the Corporation to purchase, at the Corporation’s
election and subject to Applicable Law, either for no consideration, for the par value of such Shares (if shares bear a par value)
or against payment of the Exercise Price previously received by the Corporation for such Shares upon their issuance, as the Committee
deems fit, upon written notice to the Grantee at any time prior to, at or after the Grantee’s termination of employment
or service. Such Shares or other securities shall be sold and transferred within 30 days from the date of the Corporation’s
notice of its election to exercise its right. If the Grantee fails to transfer such Shares or other securities to the Corporation,
the Corporation, at the decision of the Committee, shall be entitled to forfeit or repurchase such Shares and to authorize any
person to execute on behalf of the Grantee any document necessary to effect such transfer, whether or not the share certificates
are surrendered. The Corporation shall have the right and authority to affect the above either by: (i) repurchasing all of such
Shares or other securities held by the Grantee or by the Trustee for the benefit of the Grantee, or designate the purchaser of
all or any part of such Shares or other securities, for the Exercise Price paid for such Shares, the par value of such Shares
(if shares bear a par value) or for no payment or consideration whatsoever, as the Committee deems fit; (ii) forfeiting all or
any party of such Shares or other securities; (iii) redeeming all or any party of such Shares or other securities, for the Exercise
Price paid for such Shares, the par value of such Shares (if shares bear a par value) or for no payment or consideration whatsoever,
as the Committee deems fit; (iv) taking action in order to have all or any party of such Shares or other securities converted
into deferred shares entitling their holder only to their par value (if shares bear a par value) upon liquidation of the Corporation;
or (v) taking any other action which may be required in order to achieve similar results; all as shall be determined by the Committee,
at its sole and absolute discretion, and the Grantee is deemed to irrevocably empower the Corporation or any person which may
be designated by it to take any action by, in the name of or on behalf of the Grantee to comply with and give effect to such actions
(including, voting such shares, filling in, signing and delivering share transfer deeds, etc.).

 

6.6.3.
Notwithstanding anything to the contrary, the Committee, in its absolute discretion, may, on such terms and conditions as it may
determine appropriate, extend the periods for which Awards held by any Grantee may continue to vest and be exercisable; it being
clarified that such Awards may lose their entitlement to certain tax benefits under Applicable Law (including, without limitation,
qualification of an Award as an Incentive Stock Option) as a result of the modification of such Awards and/or in the event that
the Award is exercised beyond the later of: (i) three (3) months after the date of termination of the employment or service relationship;
or (ii) the applicable period under Section ‎6.7 below with respect to a termination of the employment or service relationship
because of the death, Disability or Retirement of Grantee.

 

    	 

    	11

    

 

6.6.4.
For purposes of this Plan:

 

6.6.4.1.
A termination of employment or service of a Grantee shall not be deemed to occur (except to the extent required by the Code with
respect to the Incentive Stock Option status of an Option) in case of (i) a transition or transfer of a Grantee among the Corporation
and its Affiliates, (ii) a change in the capacity in which the Grantee is employed or renders service to the Corporation or any
of its Affiliates or a change in the identity of the employing or engagement entity among the Corporation and its Affiliates,
provided, in case of the foregoing clauses (i) and (ii) above, that the Grantee has remained continuously employed by and/or in
the service of the Corporation and its Affiliates since the date of grant of the Award and throughout the vesting period; or (iii)
if the Grantee takes any unpaid leave as set forth in Section ‎6.8.

 

6.6.4.2.
An entity or an Affiliate thereof assuming an Award or issuing in substitution thereof in a transaction to which Section 424(a)
of the Code applies or in a Merger/Sale in accordance with Section ‎14 shall be deemed as an Affiliate of the Corporation
for purposes of this Section ‎6.6, unless the Committee determines otherwise.

 

6.6.4.3.
In the case of a Grantee whose principal employer or service recipient is a Subsidiary or Affiliate, the Grantee’s employment
shall also be deemed terminated for purposes of this Section 6.6 as of the date on which such principal employer or service recipient
ceases to be a Subsidiary or Affiliate.

 

6.6.4.4.
The term “Cause” shall mean (irrespective of, and in addition to, any definition included in any other agreement
or instrument applicable to the Grantee, and unless otherwise determined by the Committee) any of the following: (i) any theft,
fraud, embezzlement, dishonesty, willful misconduct, breach of fiduciary duty for personal profit, falsification of any documents
or records of the Corporation or any of its Affiliates, felony or similar act by the Grantee (whether or not related to the Grantee’s
relationship with the Corporation); (ii) an act of moral turpitude by the Grantee, or any act that causes significant injury to,
or is otherwise adversely affecting, the reputation, business, assets, operations or business relationship of the Corporation
(or a Subsidiary or Affiliate, when applicable); (iii) any breach by the Grantee of any material agreement with or of any material
duty of the Grantee to the Corporation or any Subsidiary or Affiliate thereof (including breach of confidentiality, non-disclosure,
non-use, non-competition or non-solicitation covenants towards the Corporation or any of its Affiliates) or failure to abide by
code of conduct or other policies (including, without limitation, policies relating to confidentiality and reasonable workplace
conduct); (iv) any act which constitutes a breach of a Grantee’s fiduciary duty towards the Corporation or an Affiliate
or Subsidiary, including disclosure of confidential or proprietary information thereof or acceptance or solicitation to receive
unauthorized or undisclosed benefits, irrespective of their nature, or funds, or promises to receive either, from individuals,
consultants or corporate entities that the Corporation or a Subsidiary does business with; (v) the Grantee’s unauthorized
use, misappropriation, destruction, or diversion of any tangible or intangible asset or corporate opportunity of the Corporation
or any of its Affiliates (including, without limitation, the improper use or disclosure of confidential or proprietary information);
or (vi) any circumstances that constitute grounds for termination for cause under the Grantee’s employment or service agreement
with the Corporation or Affiliate, to the extent applicable. For the avoidance of doubt, the determination as to whether a termination
is for Cause for purposes of this Plan, shall be made in good faith by the Committee and shall be final and binding on the Grantee.

 

    	 

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6.7.
Death, Disability or Retirement of Grantee.

 

6.7.1.
If a Grantee shall die while employed by, or performing service for, the Corporation or its Affiliates, or within the three (3)
month period (or such longer period of time as determined by the Board, in its discretion) after the date of termination of such
Grantee’s employment or service (or within such different period as the Committee may have provided pursuant to Section
‎6.6 hereof), or if the Grantee’s employment or service shall terminate by reason of Disability, all Awards theretofore
granted to such Grantee may (to the extent otherwise vested and exercisable and unless earlier terminated in accordance with their
terms) be exercised by the Grantee or by the Grantee’s estate or by a person who acquired the legal right to exercise such
Awards by bequest or inheritance, or by a person who acquired the legal right to exercise such Awards in accordance with applicable
law in the case of Disability of the Grantee, as the case may be, at any time within one (1) year (or such longer period of time
as determined by the Committee, in its discretion) after the death or Disability of the Grantee (or such different period as the
Committee shall prescribe), but in any event no later than the date of expiration of the Award’s term as set forth in the
Award Agreement or pursuant to this Plan. In the event that an Award granted hereunder shall be exercised as set forth above by
any person other than the Grantee, written notice of such exercise shall be accompanied by a certified copy of letters testamentary
or proof satisfactory to the Committee of the right of such person to exercise such Award.

 

6.7.2.
In the event that the employment or service of a Grantee shall terminate on account of such Grantee’s Retirement, all Awards
of such Grantee that are exercisable at the time of such Retirement may, unless earlier terminated in accordance with their terms,
be exercised at any time within the three (3) month period after the date of such Retirement (or such different period as the
Committee shall prescribe).

 

6.8.
Suspension of Vesting. Unless the Committee provides otherwise, vesting of Awards granted hereunder shall be suspended
during any unpaid leave of absence, other than in the case of any (i) leave of absence which was pre-approved by the Corporation
explicitly for purposes of continuing the vesting of Awards, or (ii) transfers between locations of the Corporation or any of
its Affiliates, or between the Corporation and any of its Affiliates, or any respective successor thereof. For clarity, for purposes
of this Plan, military leave, statutory maternity or paternity leave or sick leave are not deemed unpaid leave of absence, unless
otherwise determined by the Committee.

 

6.9.
Securities Law Restrictions. Except as otherwise provided in the applicable Award Agreement or other agreement between
the Service Provider and the Corporation, if the exercise of an Award following the termination of the Service Provider’s
employment or service (other than for Cause) would be prohibited at any time solely because the issuance of Shares would violate
the registration requirements under the Securities Act or equivalent requirements under equivalent laws of other applicable jurisdictions,
then the Award shall remain exercisable and terminate on the earlier of (i) the expiration of a period of three (3) months (or
such longer period of time as determined by the Board, in its discretion) after the termination of the Service Provider’s
employment or service during which the exercise of the Award would not be in such violation, or (ii) the expiration of the term
of the Award as set forth in the Award Agreement or pursuant to this Plan. In addition, unless otherwise provided in a Grantee’s
Award Agreement, if the sale of any Shares received upon exercise or (if applicable) vesting of an Award following the termination
of the Grantee’s employment or service (other than for Cause) would violate the Corporation’s insider trading policy,
then the Award shall terminate on the earlier of (i) the expiration of a period equal to the applicable post-termination exercise
period after the termination of the Grantee’s employment or service during which the exercise of the Award would not be
in violation of the Corporation’s insider trading policy, or (ii) the expiration of the term of the Award as set forth in
the applicable Award Agreement or pursuant to this Plan.

 

6.10.
Other Provisions. The Award Agreement evidencing Awards under this Plan shall contain such other terms and conditions not
inconsistent with this Plan as the Committee may determine, at or after the date of grant, including provisions in connection
with the restrictions on transferring the Awards or Shares covered by such Awards, which shall be binding upon the Grantees and
any purchaser, assignee or transferee of any Awards, and other terms and conditions as the Committee shall deem appropriate.

 

    	 

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7.
NONQUALIFIED STOCK OPTIONS.

 

Awards
granted pursuant to this Section ‎7 are intended to constitute Nonqualified Stock Options and shall be subject to the general
terms and conditions specified in Section ‎6 hereof and other provisions of this Plan, except for any provisions of this Plan
applying to Awards under different tax laws or regulations. In the event of any inconsistency or contradictions between the provisions
of this Section ‎7 and the other terms of this Plan, this Section ‎7 shall prevail. However, if for any reason the Awards
granted pursuant to this Section ‎7 (or portion thereof) does not qualify as an Incentive Stock Option, then, to the extent
of such non-qualification, such Option (or portion thereof) shall be regarded as a Nonqualified Stock Option granted under this
Plan. In no event will the Board, the Corporation or any Parent or Subsidiary or any of their respective employees or directors
have any liability to Participant (or any other person) due to the failure of the Option to qualify for any reason as an Incentive
Stock Option.

 

7.1.
Certain Limitations on Eligibility for Nonqualified Stock Options. Nonqualified Stock Options may not be granted to a Service
Provider who is deemed to be a resident of the United States for purposes of taxation or who is otherwise subject to United States
federal income tax unless the Shares underlying such Options constitute “service recipient stock” under Section 409A
of the Code or unless such Options comply with the payment requirements of Section 409A of the Code.

 

7.2.
Exercise Price. The Exercise Price of a Nonqualified Stock Option shall not be less than 100% of the Fair Market Value
of a Share on the date of grant of such Option unless the Committee specifically indicates that the Awards will have a lower Exercise
Price and the Award complies with Section 409A of the Code. Notwithstanding the foregoing, a Nonqualified Stock Option may be
granted with an exercise price lower than the minimum exercise price set forth above if such Award is granted pursuant to an assumption
or substitution for another option in a manner qualifying under the provisions of that complies with Section 424(a) of the Code
or 1.409A-1(b)(5)(v)(D) of the U.S. Treasury Regulations or any successor guidance.

 

8.
INCENTIVE STOCK OPTIONS.

 

Awards
granted pursuant to this Section ‎8 are intended to constitute Incentive Stock Options and shall be granted subject to the
following special terms and conditions, the general terms and conditions specified in Section ‎6 hereof and other provisions
of this Plan, except for any provisions of this Plan applying to Awards under different tax laws or regulations. In the event
of any inconsistency or contradictions between the provisions of this Section ‎8 and the other terms of this Plan, this Section
‎8 shall prevail.

 

8.1.
Eligibility for Incentive Stock Options. Incentive Stock Options may be granted only to Employees of the Corporation, or
to Employees of a Parent or Subsidiary, determined as of the date of grant of such Options. An Incentive Stock Option granted
to a prospective Employee upon the condition that such person become an Employee shall be deemed granted effective on the date
such person commences employment, with an exercise price determined as of such date in accordance with Section ‎8.2.

 

8.2.
Exercise Price. The Exercise Price of an Incentive Stock Option shall not be less than one hundred percent (100%) of the
Fair Market Value of the Shares covered by the Awards on the date of grant of such Option or such other price as may be determined
pursuant to the Code. Notwithstanding the foregoing, an Incentive Stock Option may be granted with an exercise price lower than
the minimum exercise price set forth above if such Award is granted pursuant to an assumption or substitution for another option
in a manner that complies with the provisions of Section 424(a) of the Code.

 

8.3.
Date of Grant. Notwithstanding any other provision of this Plan to the contrary, no Incentive Stock Option may be granted
under this Plan after 10 years from the date this Plan is adopted, or the date this Plan is approved by the shareholders, whichever
is earlier.

 

    	 

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8.4.
Exercise Period. No Incentive Stock Option shall be exercisable after the expiration of ten (10) years after the effective
date of grant of such Award, subject to Section ‎8.6. No Incentive Stock Option granted to a prospective Employee may become
exercisable prior to the date on which such person commences employment.

 

8.5.
$100,000 Per Year Limitation. The aggregate Fair Market Value (determined as of the date the Incentive Stock Option is
granted) of the Shares with respect to which all Incentive Stock Options granted under this Plan and all other “incentive
stock option” plans of the Corporation, or of any Parent or Subsidiary, become exercisable for the first time by each Grantee
during any calendar year shall not exceed one hundred thousand United States dollars ($100,000) with respect to such Grantee.
To the extent that the aggregate Fair Market Value of Shares with respect to which such Incentive Stock Options and any other
such incentive stock options are exercisable for the first time by any Grantee during any calendar year exceeds one hundred thousand
United States dollars ($100,000), such options shall be treated as Nonqualified Stock Options. The foregoing shall be applied
by taking options into account in the order in which they were granted. If the Code is amended to provide for a different limitation
from that set forth in this Section ‎8.5, such different limitation shall be deemed incorporated herein effective as of the
date and with respect to such Awards as required or permitted by such amendment to the Code. If an Option is treated as an Incentive
Stock Option in part and as a Nonqualified Stock Option in part by reason of the limitation set forth in this Section ‎8.5,
the Grantee may designate which portion of such Option the Grantee is exercising. In the absence of such designation, the Grantee
shall be deemed to have exercised the Incentive Stock Option portion of the Option first. Separate certificates representing each
such portion may be issued upon the exercise of the Option.

 

8.6.
Ten Percent Shareholder. In the case of an Incentive Stock Option granted to a Ten Percent Shareholder, notwithstanding
the foregoing provisions of this Section ‎8.6, (i) the Exercise Price shall not be less than one hundred and ten percent (110%)
of the Fair Market Value of a Share on the date of grant of such Incentive Stock Option, and (ii) the Exercise Period shall not
exceed five (5) years from the effective date of grant of such Incentive Stock Option.

 

8.7.
Payment of Exercise Price. Each Award Agreement evidencing an Incentive Stock Option shall state each alternative method
by which the Exercise Price thereof may be paid.

 

8.8.
Leave of Absence. Notwithstanding Section ‎6.8, a Grantee’s employment shall not be deemed to have terminated
if the Grantee takes any leave as set forth in Section ‎6.8(i); provided, however, that if any such leave exceeds three (3)
months, on the day that is three (3) months following the commencement of such leave any Incentive Stock Option held by the Grantee
shall cease to be treated as an Incentive Stock Option and instead shall be treated thereafter as a Nonqualified Stock Option,
unless the Grantee’s right to return to employment is guaranteed by statute or contract.

 

8.9.
Exercise Following Termination for Disability. Notwithstanding anything else in this Plan to the contrary, Incentive Stock
Options that are not exercised within three (3) months following termination of the Grantee’s employment with the Corporation
or its Parent or Subsidiary or a corporation or a Parent or Subsidiary of such corporation issuing or assuming an Option in a
transaction to which Section 424(a) of the Code applies, or within one year in case of termination of the Grantee’s employment
with the Corporation or its Parent or Subsidiary due to a Disability (within the meaning of Section 22(e)(3) of the Code), shall
be deemed to be Nonqualified Stock Options.

 

8.10.
Adjustments to Incentive Stock Options. Any Awards Agreement providing for the grant of Incentive Stock Options shall indicate
that adjustments made pursuant to this Plan with respect to Incentive Stock Options could constitute a “modification”
of such Incentive Stock Options (as that term is defined in Section 424(h) of the Code) or could cause adverse tax consequences
for the holder of such Incentive Stock Options and that the holder should consult with his or her tax advisor regarding the consequences
of such “modification” on his or her income tax treatment with respect to the Incentive Stock Option.

 

    	 

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8.11.
Notice to Corporation of Disqualifying Disposition. Each Grantee who receives an Incentive Stock Option must agree to notify
the Corporation in writing immediately after the Grantee makes a Disqualifying Disposition of any Shares received pursuant to
the exercise of Incentive Stock Options. A “Disqualifying Disposition” is any disposition (including any sale) of
such Shares before the later of (i) two years after the date the Grantee was granted the Incentive Stock Option, or (ii) one year
after the date the Grantee acquired Shares by exercising the Incentive Stock Option. If the Grantee dies before such Shares are
sold, these holding period requirements do not apply and no disposition of the Shares will be deemed a Disqualifying Disposition.

 

9.
102 AWARDS.

 

Awards
granted pursuant to this Section ‎9 are intended to constitute 102 Awards and shall be granted subject to the following special
terms and conditions, the general terms and conditions specified in Section 6 hereof and other provisions of this Plan, except
for any provisions of this Plan applying to Awards under different tax laws or regulations. In the event of any inconsistency
or contradictions between the provisions of this Section ‎9 and the other terms of this Plan, this Section ‎9 shall prevail.

 

9.1.
Tracks. Awards granted pursuant to this Section ‎9 are intended to be granted pursuant to Section 102 of the Ordinance
pursuant to either (i) Section 102(b)(2) or (3) thereof (as applicable), under the capital gain track (“102 Capital Gain
Track Awards”), or (ii) Section 102(b)(1) thereof under the ordinary income track (“102 Ordinary Income Track
Awards”, and together with 102 Capital Gain Track Awards, “102 Trustee Awards”). 102 Trustee Awards
shall be granted subject to the special terms and conditions contained in this Section ‎9, the general terms and conditions
specified in Section ‎6 hereof and other provisions of this Plan, except for any provisions of this Plan applying to Options
under different tax laws or regulations.

 

9.2.
Election of Track. Subject to Applicable Law, the Corporation may grant only one type of 102 Trustee Awards at any given
time to all Grantees who are to be granted 102 Trustee Awards pursuant to this Plan, and shall file an election with the ITA regarding
the type of 102 Trustee Awards it elects to grant before the date of grant of any 102 Trustee Awards (the “Election”).
Such Election shall also apply to any other securities, including bonus shares, received by any Grantee as a result of holding
the 102 Trustee Awards. The Corporation may change the type of 102 Trustee Awards that it elects to grant only after the expiration
of at least 12 months from the end of the year in which the first grant was made in accordance with the previous Election, or
as otherwise provided by Applicable Law. Any Election shall not prevent the Corporation from granting Awards, pursuant to Section
102(c) of the Ordinance without a Trustee (“102 Non-Trustee Awards”).

 

9.3.
Eligibility for Awards.

 

9.3.1.
Subject to Applicable Law, 102 Awards may only be granted to an “employee” within the meaning of Section 102(a) of the
Ordinance (which as of the date of the adoption of this Plan means (i) individuals employed by an Israeli company being the Corporation
or any of its Affiliates, and (ii) individuals who are serving and are engaged personally (and not through an entity) as “office
holders” by such an Israeli company), but may not be granted to a Controlling Shareholder (“Eligible 102 Grantees”).
Eligible 102 Grantees may receive only 102 Awards, which may either be granted to a Trustee or granted under Section 102 of the
Ordinance without a Trustee.

 

9.4.
102 Award Grant Date.

 

9.4.1.
Each 102 Award will be deemed granted on the date determined by the Committee, subject to Section ‎9.4.2, provided that (i)
the Grantee has signed all documents required by the Corporation or pursuant to Applicable Law, and (ii) with respect to 102 Trustee
Award, the Corporation has provided all applicable documents to the Trustee in accordance with the guidelines published by the
ITA, and if an agreement is not signed and delivered by the Grantee within 90 days from the date determined by the Committee (subject
to Section ‎9.4.2), then such 102 Trustee Award shall be deemed granted on such later date as such agreement is signed and
delivered and on which the Corporation has provided all applicable documents to the Trustee in accordance with the guidelines
published by the ITA. In the case of any contradiction, this provision and the date of grant determined pursuant hereto shall
supersede and be deemed to amend any date of grant indicated in any corporate resolution or Award Agreement.

 

    	 

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9.4.2.
Unless otherwise permitted by the Ordinance, any grants of 102 Trustee Awards that are made on or after the date of the adoption
of this Plan or an amendment to this Plan, as the case may be, that may become effective only at the expiration of thirty (30)
days after the filing of this Plan or any amendment thereof (as the case may be) with the ITA in accordance with the Ordinance
shall be conditional upon the expiration of such 30-day period, such condition shall be read and is incorporated by reference
into any corporate resolutions approving such grants and into any Award Agreement evidencing such grants (whether or not explicitly
referring to such condition), and the date of grant shall be at the expiration of such 30-day period, whether or not the date
of grant indicated therein corresponds with this Section. In the case of any contradiction, this provision and the date of grant
determined pursuant hereto shall supersede and be deemed to amend any date of grant indicated in any corporate resolution or Award
Agreement.

 

9.5.
102 Trustee Awards.

 

9.5.1.
Each 102 Trustee Award, each Share issued pursuant to the exercise of any 102 Trustee Award, and any rights granted thereunder,
including bonus shares, shall be issued to and registered in the name of the Trustee and shall be held in trust for the benefit
of the Grantee for the requisite period prescribed by the Ordinance (the “Required Holding Period”). In the
event that the requirements under Section 102 of the Ordinance to qualify an Award as a 102 Trustee Award are not met, then the
Award may be treated as a 102 Non-Trustee Award or 3(i) Award, all in accordance with the provisions of the Ordinance. After expiration
of the Required Holding Period, the Trustee may release such 102 Trustee Awards and any such Shares, provided that (i) the Trustee
has received an acknowledgment from the ITA that the Grantee has paid any applicable taxes due pursuant to the Ordinance, or (ii)
the Trustee and/or the Corporation and/or the Employer withholds all applicable taxes and compulsory payments due pursuant to
the Ordinance arising from the 102 Trustee Awards and/or any Shares issued upon exercise or (if applicable) vesting of such 102
Trustee Awards. The Trustee shall not release any 102 Trustee Awards or Shares issued upon exercise or (if applicable) vesting
thereof prior to the payment in full of the Grantee’s tax and compulsory payments arising from such 102 Trustee Awards and/or
Shares or the withholding referred to in (ii) above.

 

9.5.2.
Each 102 Trustee Award shall be subject to the relevant terms of the Ordinance, the Rules and any determinations, rulings or approvals
issued by the ITA, which shall be deemed an integral part of the 102 Trustee Awards and shall prevail over any term contained
in this Plan or Award Agreement that is not consistent therewith. Any provision of the Ordinance, the Rules and any determinations,
rulings or approvals by the ITA not expressly specified in this Plan or Award Agreement that are necessary to receive or maintain
any tax benefit pursuant to Section 102 of the Ordinance shall be binding on the Grantee. Any Grantee granted a 102 Trustee Awards
shall comply with the Ordinance and the terms and conditions of the trust agreement entered into between the Corporation and the
Trustee. The Grantee shall execute any and all documents that the Corporation and/or its Affiliates and/or the Trustee determine
from time to time to be necessary in order to comply with the Ordinance and the Rules.

 

    	 

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9.5.3.
During the Required Holding Period, the Grantee shall not release from trust or sell, assign, transfer or give as collateral,
the Shares issuable upon the exercise or (if applicable) vesting of a 102 Trustee Awards and/or any securities issued or distributed
with respect thereto, until the expiration of the Required Holding Period. Notwithstanding the above, if any such sale, release
or other action occurs during the Required Holding Period it may result in adverse tax consequences to the Grantee under Section
102 of the Ordinance and the Rules, which shall apply to and shall be borne solely by such Grantee. Subject to the foregoing,
the Trustee may, pursuant to a written request from the Grantee, but subject to the terms of this Plan, release and transfer such
Shares to a designated third party, provided that both of the following conditions have been fulfilled prior to such release or
transfer: (i) payment has been made to the ITA of all taxes and compulsory payments required to be paid upon the release and transfer
of the Shares, and confirmation of such payment has been received by the Trustee and the Corporation, and (ii) the Trustee has
received written confirmation from the Corporation that all requirements for such release and transfer have been fulfilled according
to the terms of the Corporation’s corporate documents, any agreement governing the Shares, this Plan, the Award Agreement
and any Applicable Law.

 

9.5.4.
If a 102 Trustee Award is exercised or (if applicable) vested, the Shares issued upon such exercise or (if applicable) vesting
shall be issued in the name of the Trustee for the benefit of the Grantee.

 

9.5.5.
Upon or after receipt of a 102 Trustee Award, if required, the Grantee may be required to sign an undertaking to release the Trustee
from any liability with respect to any action or decision duly taken and executed in good faith by the Trustee in relation to
this Plan, or any 102 Trustee Awards or Share granted to such Grantee thereunder.

 

9.6.
102 Non-Trustee Awards. The foregoing provisions of this Section ‎9 relating to 102 Trustee Awards shall not apply
with respect to 102 Non-Trustee Awards, which shall, however, be subject to the relevant provisions of Section 102 of the Ordinance
and the applicable Rules. The Committee may determine that 102 Non-Trustee Awards, the Shares issuable upon the exercise or (if
applicable) vesting of a 102 Non-Trustee Awards and/or any securities issued or distributed with respect thereto, shall be allocated
or issued to the Trustee, who shall hold such 102 Non-Trustee Awards and all accrued rights thereon (if any), in trust for the
benefit of the Grantee and/or the Corporation, as the case may be, until the full payment of tax arising from the 102 Non-Trustee
Awards, the Shares issuable upon the exercise or (if applicable) vesting of a 102 Non-Trustee Awards and/or any securities issued
or distributed with respect thereto. The Corporation may choose, alternatively, to force the Grantee to provide it with a guarantee
or other security, to the satisfaction of each of the Trustee and the Corporation, until the full payment of the applicable taxes.

 

9.7.
Written Grantee Undertaking. To the extent and with respect to any 102 Trustee Award, and as required by Section 102 of
the Ordinance and the Rules, by virtue of the receipt of such Award, the Grantee is deemed to have provided, undertaken and confirm
the following written undertaking (and such undertaking is deemed incorporated into any documents signed by the Grantee in connection
with the employment or service of the Grantee and/or the grant of such Award), and which undertaking shall be deemed to apply
and relate to all 102 Trustee Awards granted to the Grantee, whether under this Plan or other plans maintained by the Corporation,
and whether prior to or after the date hereof.

 

9.7.1.
The Grantee shall comply with all terms and conditions set forth in Section 102 of the Ordinance with regard to the “Capital
Gain Track” or the “Ordinary Income Track”, as applicable, and the applicable rules and regulations promulgated
thereunder, as amended from time to time;

 

9.7.2.
The Grantee is familiar with, and understands the provisions of, Section 102 of the Ordinance in general, and the tax arrangement
under the “Capital Gain Track” or the “Ordinary Income Track” in particular, and its tax consequences;
the Grantee agrees that the 102 Trustee Awards and Shares that may be issued upon exercise or (if applicable) vesting of the 102
Trustee Awards (or otherwise in relation to the 102 Trustee Awards), will be held by the Trustee appointed pursuant to Section
102 of the Ordinance for at least the duration of the “Holding Period” (as such term is defined in Section 102) under
the “Capital Gain Track” or the “Ordinary Income Track”, as applicable. The Grantee understands that any
release of such 102 Trustee Awards or Shares from trust, or any sale of the Share prior to the termination of the Holding Period,
as defined above, will result in taxation at marginal tax rate, in addition to deductions of appropriate social security, health
tax contributions or other compulsory payments; and

 

    	 

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9.7.3.
The Grantee agrees to the trust agreement signed between the Corporation, the Employer and the Trustee appointed pursuant to Section
102 of the Ordinance.

 

10.
3(i) AWARDS.

 

Awards
granted pursuant to this Section ‎10 are intended to constitute 3(i) Awards and shall be granted subject to the general terms
and conditions specified in Section ‎6 hereof and other provisions of this Plan, except for any provisions of this Plan applying
to Awards under different tax laws or regulations. In the event of any inconsistency or contradictions between the provisions
of this Section ‎10 and the other terms of this Plan, this Section ‎10 shall prevail.

 

10.1.
To the extent required by the Ordinance or the ITA or otherwise deemed by the Committee to be advisable, the 3(i) Awards and/or
any shares or other securities issued or distributed with respect thereto granted pursuant to this Plan shall be issued to a Trustee
nominated by the Committee in accordance with the provisions of the Ordinance or the terms of a trust agreement, as applicable.
In such event, the Trustee shall hold such Awards and/or other securities issued or distributed with respect thereto in trust,
until exercised or (if applicable) vested by the Grantee and the full payment of tax arising therefrom, pursuant to the Corporation’s
instructions from time to time as set forth in a trust agreement, which will have been entered into between the Corporation and
the Trustee. If determined by the Board or the Committee, and subject to such trust agreement, the Trustee will also hold the
shares issuable upon exercise or (if applicable) vesting of the 3(i) Awards, as long as they are held by the Grantee. If determined
by the Board or the Committee, and subject to such trust agreement, the Trustee shall be responsible for withholding any taxes
to which a Grantee may become liable upon issuance of Shares, whether due to the exercise or (if applicable) vesting of Awards.

 

10.2.
Shares pursuant to a 3(i) Award shall not be issued, unless the Grantee delivers to the Corporation payment in cash or by bank
check or such other form acceptable to the Committee of all withholding taxes due, if any, on account of the Grantee acquired
Shares under the Award or gives other assurance satisfactory to the Committee of the payment of those withholding taxes.

 

11.
RESTRICTED SHARES.

 

The
Committee may award Restricted Shares to any eligible Grantee, including under Section 102 of the Ordinance. Each Award of Restricted
Shares under this Plan shall be evidenced by a written agreement between the Corporation and the Grantee (the “Restricted
Share Agreement”), in such form as the Committee shall from time to time approve. The Restricted Shares shall be subject
to all applicable terms of this Plan, which in the case of Restricted Shares granted under Section 102 of the Ordinance shall
include Section ‎9 hereof, and may be subject to any other terms that are not inconsistent with this Plan. The provisions
of the various Restricted Shares Agreements entered into under this Plan need not be identical. The Restricted Share Agreement
shall comply with and be subject to Section ‎6 and the following terms and conditions, unless otherwise specifically provided
in such Agreement and not inconsistent with this Plan, or Applicable Law:

 

11.1.
Purchase Price. Section ‎6.4 shall not apply. Each Restricted Share Agreement shall state an amount of Exercise Price
to be paid by the Grantee, if any, in consideration for the issuance of the Restricted Shares and the terms of payment thereof,
which may include payment in cash or, subject to the Committee’s approval, by issuance of promissory notes or other evidence
of indebtedness on such terms and conditions as determined by the Committee.

 

    	 

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11.2.
Restrictions. Restricted Shares may not be sold, assigned, transferred, pledged, hypothecated or otherwise disposed of,
except by will or the laws of descent and distribution (in which case they shall be transferred subject to all restrictions then
or thereafter applicable thereto), until such Restricted Shares shall have vested (the period from the date on which the Award
is granted until the date of vesting of the Restricted Share thereunder being referred to herein as the “Restricted Period”).
The Committee may also impose such additional or alternative restrictions and conditions on the Restricted Shares, as it deems
appropriate, including the satisfaction of performance criteria (which, in case of 102 Trustee Awards, may be subject to obtaining
a specific tax ruling or determination from the ITA). Such performance criteria may include, but are not limited to, sales, earnings
before interest and taxes, return on investment, earnings per share, any combination of the foregoing or rate of growth of any
of the foregoing, as determined by the Committee or pursuant to the provisions of any Corporation policy required under mandatory
provisions of Applicable Law. Certificates for shares issued pursuant to Restricted Share Awards, if issued, shall bear an appropriate
legend referring to such restrictions, and any attempt to dispose of any such shares in contravention of such restrictions shall
be null and void and without effect. Such certificates may, if so determined by the Committee, be held in escrow by an escrow
agent appointed by the Committee, or, if a Restricted Share Award is made pursuant to Section 102 of the Ordinance, by the Trustee.
In determining the Restricted Period of an Award the Committee may provide that the foregoing restrictions shall lapse with respect
to specified percentages of the awarded Restricted Shares on successive anniversaries of the date of such Award. To the extent
required by the Ordinance or the ITA, the Restricted Shares issued pursuant to Section 102 of the Ordinance shall be issued to
the Trustee in accordance with the provisions of the Ordinance and the Restricted Shares shall be held for the benefit of the
Grantee for at least the Required Holding Period.

 

11.3.
Forfeiture; Repurchase. Subject to such exceptions as may be determined by the Committee, if the Grantee’s continuous
employment with or service to the Corporation or any Affiliate thereof shall terminate for any reason prior to the expiration
of the Restricted Period of an Award or prior to the timely payment in full of the Exercise Price of any Restricted Shares, any
Shares remaining subject to vesting or with respect to which the purchase price has not been paid in full, shall thereupon be
forfeited, transferred to, and redeemed, repurchased or cancelled by, as the case may be, in any manner as set forth in Section
‎6.6.2(i) through (v), subject to Applicable Law and the Grantee shall have no further rights with respect to such Restricted
Shares.

 

11.4.
Ownership. During the Restricted Period the Grantee shall possess all incidents of ownership of such Restricted Shares,
subject to Section ‎6.10 and Section ‎11.2, including the right to vote and receive dividends with respect to such Shares.
All securities, if any, received by a Grantee with respect to Restricted Shares as a result of any stock split, stock dividend,
combination of shares, or other similar transaction shall be subject to the restrictions applicable to the original Award.

 

12.
RESTRICTED SHARE UNITS.

 

An
RSU is an Award covering a number of Shares that is settled, if vested and (if applicable) exercised, by issuance of those Shares.
An RSU may be awarded to any eligible Grantee, including under Section 102 of the Ordinance. The Award Agreement relating to the
grant of RSUs under this Plan (the “Restricted Share Unit Agreement”), shall be in such form as the Committee
shall from time to time approve. The RSUs shall be subject to all applicable terms of this Plan, which in the case of RSUs granted
under Section 102 of the Ordinance shall include Section ‎9 hereof, and may be subject to any other terms that are not inconsistent
with this Plan. The provisions of the various Restricted Share Unit Agreements entered into under this Plan need not be identical.
RSUs may be granted in consideration of a reduction in the recipient’s other compensation.

 

12.1.
Exercise Price. No payment of Exercise Price shall be required as consideration for RSUs, unless included in the Award
Agreement or as required by Applicable Law, and Section ‎6.4 shall apply, if applicable.

 

    	 

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12.2.
Shareholders’ Rights. The Grantee shall not possess or own any ownership rights in the Shares underlying the RSUs
and no rights as a shareholder shall exist prior to the actual issuance of Shares in the name of the Grantee.

 

12.3.
Settlements of Awards. Settlement of vested RSUs shall be made in the form of Shares or cash (in case of 102 Trustee Awards,
the settlement shall be made in the form of shares only). Distribution to a Grantee of an amount (or amounts) from settlement
of vested RSUs can be deferred to a date after settlement as determined by the Committee. The amount of a deferred distribution
may be increased by an interest factor or by dividend equivalents. Until the grant of RSUs is settled, the number of Shares underlying
such RSUs shall be subject to adjustment pursuant hereto.

 

12.4.
Section 409A Restrictions. Notwithstanding anything to the contrary set forth herein, any RSUs granted under this Plan
that are not exempt from the requirements of Section 409A of the Code shall contain such restrictions or other provisions so that
such RSUs will comply with the requirements of Section 409A of the Code, if applicable to the Corporation. Such restrictions,
if any, shall be determined by the Committee and contained in the Restricted Share Unit Agreement evidencing such RSU. For example,
such restrictions may include a requirement that any Shares that are to be issued in a year following the year in which the RSU
vests must be issued in accordance with a fixed, pre-determined schedule.

 

13.
OTHER SHARE OR SHARE-BASED AWARDS.

 

13.1.
The Committee may grant other Awards under this Plan pursuant to which Shares (which may, but need not, be Restricted Shares pursuant
to Section 11 hereof), cash (in settlement of Share-based Awards) or a combination thereof, are or may in the future be acquired
or received, or Awards denominated in stock units, including units valued on the basis of measures other than market value.

 

13.2.
The Committee may also grant stock appreciation rights without the grant of an accompanying option, which rights shall permit
the Grantees to receive, at the time of any exercise of such rights, cash equal to the amount by which the Fair Market Value of
the Shares in respect to which the right was granted is so exercised exceeds the exercise price thereof. The exercise price of
any such stock appreciation right granted to a Grantee who is subject to U.S. federal income tax shall be determined in compliance
with Section ‎7.2.

 

13.3.
Such other Share-based Awards as set forth above may be granted alone, in addition to, or in tandem with any Award of any type
granted under this Plan (without any obligation or assurance that that such Share-based Awards will be entitled to tax benefits
under Applicable Law or to the same tax treatment as other Awards under this Plan).

 

14.
EFFECT OF CERTAIN CHANGES.

 

14.1.
General.

 

14.1.1.
In the event of a division or subdivision of the outstanding share capital of the Corporation, any distribution of bonus shares
(stock split), consolidation or combination of share capital of the Corporation (reverse stock split), reclassification with respect
to the Shares or any similar recapitalization events (each, a “Recapitalization”), a merger (including, a reverse
merger and a reverse triangular merger), consolidation, amalgamation or like transaction of the Corporation with or into another
corporation, a reorganization (which may include a combination or exchange of shares, spin-off or other corporate divestiture
or division, or other similar occurrences, the Committee shall have the authority to make, without the need for a consent of any
holder of an Award, such adjustments as determined by the Committee to be appropriate, in its discretion, in order to adjust (i)
the number and class of shares reserved and available for grants of Awards, (ii) the number and class of shares covered by outstanding
Awards, (iii) the Exercise Price per share covered by any Award, (iv) the terms and conditions concerning vesting and exercisability
and the term and duration of the outstanding Awards, (v) the type or class of security, asset or right underlying the Award (which
need not be only that of the Corporation, and may be that of the surviving corporation or any affiliate thereof or such other
entity party to any of the above transactions), and (vi) any other terms of the Award that in the opinion of the Committee should
be adjusted. Any fractional shares resulting from such adjustment shall be treated as determined by the Committee, and in the
absence of such determination shall be rounded to the nearest whole share, and the Corporation shall have no obligation to make
any cash or other payment with respect to such fractional shares. No adjustment shall be made by reason of the distribution of
subscription rights or rights offering to outstanding shares or other issuance of shares by the Corporation, unless the Committee
determines otherwise. The adjustments determined pursuant to this Section ‎14.1 (including a determination that no adjustment
is to be made) shall be final, binding and conclusive.

 

    	 

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14.1.2.
Notwithstanding anything to the contrary included herein, in the event of a distribution of cash dividend by the Corporation to
all holders of Shares, the Committee shall have the authority to determine, without the need for a consent of any holder of an
Award, that the Exercise Price of any Award, which is outstanding and unexercised on the record date of such distribution, shall
be reduced by an amount equal to the per Share gross dividend amount distributed by the Corporation, and the Committee may determine
that the Exercise Price following such reduction shall be not less than the par value of a Share. The application of this Section
with respect to any 102 Awards shall be subject to obtaining a ruling from the ITA, to the extent required by applicable law and
subject to the terms and conditions of any such ruling.

 

14.2.
Merger/Sale of Corporation. In the event of (i) a sale of all or substantially all of the assets of the Corporation, or
a sale (including an exchange) of all or substantially all of the shares of the Corporation, to any person, or a purchase by a
shareholder of the Corporation or by an Affiliate of such shareholder, of all the shares of the Corporation held by all or substantially
all other shareholders or by other shareholders who are not Affiliated with such acquiring party; (ii) a merger (including, a
reverse merger and a reverse triangular merger), consolidation, amalgamation or like transaction of the Corporation with or into
another corporation; (iii) a scheme of arrangement for the purpose of effecting such sale, merger, consolidation, amalgamation
or other transaction; (iv) approval by the shareholders of the Corporation of a complete liquidation or dissolution of the Corporation,
(v) Change in Board Event, or (vi) such other transaction or set of circumstances that is determined by the Board, in its discretion,
to be a transaction subject to the provisions of this Section ‎14.2 excluding any of the foregoing transactions in clauses
(i) through (iv) if the Board determines that such transaction should be excluded from the definition hereof and the applicability
of this Section ‎14.2 (such transaction, a “Merger/Sale”), then, without derogating from the general authority
and power of the Board or the Committee under this Plan, without the Grantee’s consent and action and without any prior
notice requirement, the Committee may make any determination as to the treatment of Awards, in its sole and absolute discretion,
as provided herein:

 

14.2.1.
Unless otherwise determined by the Committee, any Award then outstanding shall be assumed or be substituted by the Corporation,
or by the successor corporation in such Merger/Sale or by any parent or Affiliate thereof, as determined by the Committee in its
discretion (the “Successor Corporation”), under terms as determined by the Committee or the terms of this Plan
applied by the Successor Corporation to such assumed or substituted Awards.

 

For
the purposes of this Section ‎14.2.1, the Award shall be considered assumed or substituted if, following a Merger/Sale, the
Award confers on the holder thereof the right to purchase or receive, for each Share underlying an Award immediately prior to
the Merger/Sale, either (i) the consideration (whether shares or other securities, cash or other property, or rights, or any combination
thereof) distributed to or received by holders of Shares in the Merger/Sale for each Share held on the effective date of the Merger/Sale
(and if holders were offered a choice or several types of consideration, the type of consideration as determined by the Committee,
which need not be the same type for all Grantees), or (ii) regardless of the consideration received by the holders of Shares in
the Merger/Sale, solely shares or any type of Awards (or their equivalent) of the Successor Corporation at a value to be determined
by the Committee in its discretion, or a certain type of consideration (whether shares or other securities, cash or other property,
or rights, or any combination thereof) as determined by the Committee. Any of the consideration referred to in the foregoing clauses
(i) and (ii) shall be subject to the same vesting and expiration terms of the Awards applying immediately prior to the Merger/Sale,
unless determined by the Committee, in its discretion, that the consideration shall be subject to different vesting and expiration
terms, or other terms, and the Committee may determine that it be subject to other or additional terms. The foregoing shall not
limit the Committee’s authority to determine that in lieu of such assumption or substitution of Awards for Awards of the
Successor Corporation, such Award will be substituted for shares or other securities, cash or other property, or rights, or any
combination thereof, including as set forth in Section 14.2.2 hereunder.

 

    	 

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14.2.2.
Regardless of whether or not Awards are assumed or substituted, the Committee may (but shall not be obligated to):

 

14.2.2.1.
provide for the Grantee to have the right to exercise the Award in respect of Shares covered by the Award which would otherwise
be exercisable or vested, under such terms and conditions as the Committee shall determine, and the cancellation of all unexercised
Awards (whether vested or unvested) upon or immediately prior to the closing of the Merger/Sale, unless the Committee provides
for the Grantee to have the right to exercise the Award, or otherwise for the acceleration of vesting of such Award, as to all
or part of the Shares covered by the Award which would not otherwise be exercisable or vested, under such terms and conditions
as the Committee shall determine;

 

14.2.2.2.
provide for the cancellation of each outstanding Award at or immediately prior to the closing of such Merger/Sale, and if and
to the extent payment shall be made to the Grantee of an amount in shares or other securities of the Corporation, the acquiror
or of a corporation or other business entity which is a party to the Merger/Sale, cash or other property, or rights, or any combination
thereof, as determined by the Committee to be fair in the circumstances, and subject to such terms and conditions as determined
by the Committee. The Committee shall have full authority to select the method for determining the payment (being the intrinsic
(“spread”) value of the option, Black-Scholes model or any other method). Inter alia, and without limitation
of the following determination being made in other circumstances, the Committee’s determination may provide that payment
shall be set to zero if the value of the Shares is determined to be less than the Exercise Price, or in respect of Shares covered
by the Award which would not otherwise be exercisable or vested, or that payment may be made only in excess of the Exercise Price;
and/or

 

14.2.2.3.
provide that the terms of any Award shall be otherwise amended, modified or terminated, as determined by the Committee to be fair
in the circumstances.

 

14.2.3.
The Committee may determine: (i) that any payments made in respect of Awards shall be made or delayed to the same extent that
payment of consideration to the holders of the Shares in connection with the Merger/Sale is made or delayed as a result of escrows,
indemnification, earn outs, holdbacks or any other contingencies or conditions; (ii) the terms and conditions applying to the
payment made or payable to the Grantees, including participation in escrow, indemnification, releases, earn-outs, holdbacks or
any other contingencies; and (iii) that any terms and conditions applying under the applicable definitive transaction agreements
shall apply to the Grantees (including, appointment and engagement of a shareholders or sellers representative, payment of fees
or other costs and expenses associated with such services, indemnifying such representative, and authorization to such representative
within the scope of such representative’s authority in the applicable definitive transaction agreements).

 

14.2.4.
The Committee may determine to suspend the Grantee’s rights to exercise any vested portion of an Award for a period of time
prior to the signing or consummation of a Merger/Sale transaction.

 

    	 

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14.2.5.
Without limiting the generality of this Section ‎14, if the consideration in exchange for Awards in a Merger/Sale includes
any securities and due receipt thereof by any Grantee (or by the Trustee for the benefit of such Grantee) may require under applicable
law (i) the registration or qualification of such securities or of any person as a broker or dealer or agent with respect to such
securities; or (ii) the provision to any Grantee of any information under the Securities Act or any other securities laws, then
the Committee may determine that the Grantee shall be paid in lieu thereof, against surrender of the Shares or cancellation of
any other Awards, an amount in cash or other property, or rights, or any combination thereof, as determined by the Committee to
be fair in the circumstances, and subject to such terms and conditions as determined by the Committee. Nothing herein shall entitle
any Grantee to receive any form of consideration that such Grantee would be ineligible to receive as a result of such Grantee’s
failure to satisfy (in the Committee’s sole determination) any condition, requirement or limitation that is generally applicable
to the Corporation’s shareholders, or that is otherwise applicable under the terms of the Merger/Sale, and in such case,
the Committee shall determine the type of consideration and the terms applying to such Grantees.

 

14.2.6.
Neither the authorities and powers of the Committee under this Section 14.2, nor the exercise or implementation thereof, shall
(i) be restricted or limited in any way by any adverse consequences (tax or otherwise) that may result to any holder of an Award,
and (ii) as, inter alia, being a feature of the Award upon its grant, be deemed to constitute a change or an amendment
of the rights of such holder under this Plan, nor shall any such adverse consequences (as well as any adverse tax consequences
that may result from any tax ruling or other approval or determination of any relevant tax authority) be deemed to constitute
a change or an amendment of the rights of such holder under this Plan, and may be effected without consent of any Grantee and
without any liability to the Corporation or its Affiliates, or to their respective officers, directors, employees and representatives,
and the respective successors and assigns of any of the foregoing. The Committee need not take the same action with respect to
all Awards or with respect to all Service Providers. The Committee may take different actions with respect to the vested and unvested
portions of an Award. The Committee may determine an amount or type of consideration to be received or distributed in a Merger/Sale
which may differ as among the Grantees, and as between the Grantees and any other holders of shares of the Corporation.

 

14.2.7.
The Committee may determine that upon a Merger/Sale any Shares held by Grantees (or for Grantee’s benefit) are sold in accordance
with instructions issued by the Committee in connection with such Merger/Sale, which shall be final, conclusive and binding on
all Grantees.

 

14.2.8.
All of the Committee’s determinations pursuant to this Section ‎14 shall be at its sole and absolute discretion, and
shall be final, conclusive and binding on all Grantees (including, for clarity, as it relates to Shares issued upon exercise or
vesting of any Awards or that are Awards, unless otherwise determined by the Committee) and without any liability to the Corporation
or its Affiliates, or to their respective officers, directors, employees, shareholders and representatives, and the respective
successors and assigns of any of the foregoing, in connection with the method of treatment, chosen course of action or determinations
made hereunder.

 

14.2.9.
If determined by the Committee, the Grantees shall be subject to the definitive agreement(s) in connection with the Merger/Sale
as applying to holders of Shares including, such terms, conditions, representations, undertakings, liabilities, limitations, releases,
indemnities, appointing and indemnifying shareholders/sellers representative, participating in transaction expenses, shareholders/sellers
representative expense fund and escrow arrangement, in each case as determined by the Committee. Each Grantee shall execute (and
authorizes any person designated by the Corporation to so execute, as well as (if applicable) the Trustee holding any Shares for
the Grantee’s behalf) such separate agreement(s) or instruments as may be requested by the Corporation, the Successor Corporation
or the acquiror in connection with such in such Merger/Sale or otherwise under or for the purpose of implementing this Section
‎14.2, and in the form required by them. The execution of such separate agreement(s) may be a condition to the receipt of
assumed or substituted Awards, payment in lieu of the Award, the exercise of any Award or otherwise to be entitled to benefit
from shares or other securities, cash or other property, or rights, or any combination thereof, pursuant to this Section ‎14.2
(and the Corporation (and, if applicable, the Trustee) may exercise its authorization above and sign such agreement on behalf
of the Grantee or subject the Grantee to the provisions of such agreements).

 

    	 

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14.3.
Reservation of Rights. Except as expressly provided in this Section ‎14 (if any), the Grantee of an Award hereunder
shall have no rights by reason of any Recapitalization of shares of any class, any increase or decrease in the number of shares
of any class, or any dissolution, liquidation, reorganization (which may include a combination or exchange of shares, spin-off
or other corporate divestiture or division, or other similar occurrences), or Merger/Sale. Any issue by the Corporation of shares
of any class, or securities convertible into shares of stock of any class, shall not affect, and no adjustment by reason thereof
shall be made with respect to, the number, type or price of shares subject to an Award. The grant of an Award pursuant to this
Plan shall not affect in any way the right or power of the Corporation to make adjustments, reclassifications, reorganizations
or changes of its capital or business structures or to merge or to consolidate or to dissolve, liquidate or sell, or transfer
all or part of its business or assets or engage in any similar transactions.

 

15.
NON-TRANSFERABILITY OF AWARDS; SURVIVING BENEFICIARY.

 

15.1.
All Awards granted under this Plan by their terms shall not be transferable, other than by will or by the laws of descent and
distribution, unless otherwise determined by the Committee or under this Plan, provided that with respect to Shares issued upon
exercise, Shares issued upon the vesting of Awards or Awards that are Shares, the restrictions on transfer shall be the restrictions
referred to in Section ‎16 (Conditions upon Issuance of Shares) hereof. Subject to the above provisions, the terms of such
Award, this Plan and any applicable Award Agreement shall be binding upon the beneficiaries, executors, administrators, heirs
and successors of such Grantee. Awards may be exercised or otherwise realized, during the lifetime of the Grantee, only by the
Grantee or by his guardian or legal representative, to the extent provided for herein. Any transfer of an Award not permitted
hereunder (including transfers pursuant to any decree of divorce, dissolution or separate maintenance, any property settlement,
any separation agreement or any other agreement with a spouse) and any grant of any interest in any Award to, or creation in any
way of any direct or indirect interest in any Award by, any party other than the Grantee shall be null and void and shall not
confer upon any party or person, other than the Grantee, any rights. A Grantee may file with the Committee a written designation
of a beneficiary, who shall be permitted to exercise such Grantee’s Award or to whom any benefit under this Plan is to be
paid, in each case, in the event of the Grantee’s death before he or she fully exercises his or her Award or receives any
or all of such benefit, on such form as may be prescribed by the Committee and may, from time to time, amend or revoke such designation.
If no designated beneficiary survives the Grantee, the executor or administrator of the Grantee’s estate shall be deemed
to be the Grantee’s beneficiary. Notwithstanding the foregoing, upon the request of the Grantee and subject to Applicable
Law the Committee, at its sole discretion, may permit the Grantee to transfer the Award to a trust whose beneficiaries are the
Grantee and/or the Grantee’s immediate family members (all or several of them).

 

15.2.
Notwithstanding any other provisions of the Plan to the contrary, no Incentive Stock Option may be sold, transferred, pledged,
assigned or otherwise alienated or hypothecated, other than by will or by the laws of descent and distribution or in accordance
with a beneficiary designation pursuant to Section ‎15.1. Further, all Incentive Stock Options granted to a Grantee shall
be exercisable during his or her lifetime only by such Grantee.

 

15.3.
As long as the Shares are held by the Trustee in favor of the Grantee, all rights possessed by the Grantee over the Shares are
personal, and may not be transferred, assigned, pledged or mortgaged, other than by will or laws of descent and distribution.

 

    	 

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15.4.
If and to the extent a Grantee is entitled to transfer an Award and/or Shares underlying an Award in accordance with the terms
of the Plan and any other applicable agreements, such transfer shall be subject (in addition, to any other conditions or terms
applying thereto) to receipt by the Corporation from such proposed transferee of a written instrument, on a form reasonably acceptable
to the Corporation, pursuant to which such proposed transferee agrees to be bound by all provisions of the Plan and any other
applicable agreements, including without limitation, any restrictions on transfer of the Award and/or Shares set forth herein
(however, failure to so deliver such instrument to the Corporation as set forth above shall not derogate from all such provisions
applying on any transferee).

 

15.5.
The provisions of this Section ‎‎15 shall apply to the Grantee and to any purchaser, assignee or transferee of any Shares.

 

16.
CONDITIONS UPON ISSUANCE OF SHARES; GOVERNING PROVISIONS.

 

16.1.
Legal Compliance. The grant of Awards and the issuance of Shares upon exercise or settlement of Awards shall be subject
to compliance with all Applicable Law as determined by the Corporation, including, applicable requirements of federal, state and
foreign law with respect to such securities. The Corporation shall have no obligations to issue Shares pursuant to the exercise
or settlement of an Award and Awards may not be exercised or settled, if the issuance of Shares upon exercise or settlement would
constitute a violation of any Applicable Law as determined by the Corporation, including, applicable federal, state or foreign
securities laws or other law or regulations or the requirements of any stock exchange or market system upon which the Shares may
then be listed. In addition, no Award may be exercised unless (i) a registration statement under the Securities Act or equivalent
law in another jurisdiction shall at the time of exercise or settlement of the Award be in effect with respect to the shares issuable
upon exercise of the Award, or (ii) in the opinion of legal counsel to the Corporation, the shares issuable upon exercise of the
Award may be issued in accordance with the terms of an applicable exemption from the registration requirements of the Securities
Act or equivalent law in another jurisdiction. The inability of the Corporation to obtain authority from any regulatory body having
jurisdiction, if any, deemed by the Corporation to be necessary to the lawful issuance and sale of any Shares hereunder, and the
inability to issue Shares hereunder due to non-compliance with any Corporation policies with respect to the sale of Shares, shall
relieve the Corporation of any liability in respect of the failure to issue or sell such Shares as to which such requisite authority
or compliance shall not have been obtained or achieved. As a condition to the exercise of an Award, the Corporation may require
the person exercising such Award to satisfy any qualifications that may be necessary or appropriate, to evidence compliance with
any Applicable Law or regulation and to make any representation or warranty with respect thereto as may be requested by the Corporation,
including to represent and warrant at the time of any such exercise that the Shares are being purchased only for investment and
without any present intention to sell or distribute such Shares, all in form and content specified by the Corporation.

 

16.2.
Provisions Governing Shares. Shares issued pursuant to an Award shall be subject to this Plan (unless otherwise determined
by the Committee), and shall be subject to the Charter and Bylaws of the Corporation, any limitation, restriction or obligation
included in any shareholders agreement applicable to all or substantially all of the holders of shares (regardless of whether
or not the Grantee is a formal party to such shareholders agreement), any other governing documents of the Corporation, all policies,
manuals and internal regulations adopted by the Corporation from time to time, in each case, as may be amended from time to time,
including any provisions included therein concerning restrictions or limitations on disposition of Shares (such as, but not limited
to, right of first refusal and lock up/market stand-off) or grant of any rights with respect thereto, forced sale and bring along/drag
along provisions, any provisions concerning restrictions on the use of inside information and other provisions deemed by the Corporation
to be appropriate in order to ensure compliance with Applicable Law. Each Grantee shall execute (and authorizes any person designated
by the Corporation to so execute, as well as (if applicable) the Trustee holding any Shears for the Grantee’s behalf) such
separate agreement(s) as may be requested by the Corporation relating to matters set forth in or otherwise for the purpose of
implementing this Section ‎16.2. The execution of such separate agreement(s) may be a condition by the Corporation to the
exercise of any Award and the Corporation (and, if applicable, the Trustee) may exercise its authorization above and sign such
agreement on behalf of the Grantee or subject the Grantee to the provisions of such agreements.

 

    	 

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16.3.
Share Purchase Transactions; Forced Sale. In the event that the Board approves a Merger/Sale effected by way of a forced
or compulsory sale or in the event of a transaction for the sale of all shares of the Corporation, then, without derogating from
such provisions and in addition thereto, the Grantee shall be obligated, and shall be deemed to have agreed to the offer to effect
the Merger/Sale (and the Shares held by or for the benefit of the Grantee shall be included in the shares of the Corporation approving
the terms of such Merger/Sale for the purpose of satisfying the required majority), and shall sell all of the Shares held by or
for the benefit of the Grantee on the terms and conditions applying to the holders of Shares, in accordance with the instructions
then issued by the Board, whose determination shall be final. No Grantee shall contest, bring any claims or demands, or exercise
any appraisal rights related to any of the foregoing. Each Grantee shall execute (and authorizes any person designated by the
Corporation to so execute, as well as (if applicable) the Trustee holding any Shares for the Grantee’s behalf) such documents
and agreements, as may be requested by the Corporation relating to matters set forth in or otherwise for the purpose of implementing
this Section ‎16.3. The execution of such separate agreement(s) may be a condition by the Corporation to the exercise of any
Award and the Corporation (and, if applicable, the Trustee) may exercise its authorization above and sign such agreement on behalf
of the Grantee or subject the Grantee to the provisions of such agreements.

 

16.4.
Data Privacy; Data Transfer. Information related to Grantees and Awards hereunder, as shall be received from Grantee or
others, and/or held by, the Corporation or its Affiliates from time to time, and which information may include sensitive and personal
information related to Grantees (“Information”), will be used by the Corporation or its Affiliates (or third
parties appointed by any of them, including the Trustee) to comply with any applicable legal requirement, or for administration
of the Plan as they deems necessary or advisable, or for the respective business purposes of the Corporation or its Affiliates
(including in connection with transactions related to any of them). The Corporation and its Affiliates shall be entitled to transfer
the Information among the Corporation or its Affiliates, and to third parties for the purposes set forth above, which may include
persons located abroad (including, any person administering the Plan or providing services in respect of the Plan or in order
to comply with legal requirements, or the Trustee, their respective officers, directors, employees and representatives, and the
respective successors and assigns of any of the foregoing), and any person so receiving Information shall be entitled to transfer
it for the purposes set forth above. The Corporation shall use commercially reasonable efforts to ensure that the transfer of
such Information shall be limited to the reasonable and necessary scope. By receiving an Award hereunder, Grantee acknowledges
and agrees that the Information is provided at Grantee’s free will and Grantee consents to the storage and transfer of the
Information as set forth above.

 

17.
MARKET STAND-OFF

 

17.1.
In connection with any underwritten public offering of equity securities of the Corporation pursuant to an effective registration
statement filed under the Securities Act or equivalent law in another jurisdiction, the Grantee shall not directly or indirectly,
without the prior written consent of the Corporation or its underwriters, (i) lend, offer, pledge, sell, contract to sell, sell
any option or contract to purchase, purchase any option or contract to sell, grant any option, right or warrant to purchase, or
otherwise transfer or dispose of, directly or indirectly, any Shares or other Awards, any securities of the Corporation (whether
or not such Shares were acquired under this Plan), or any securities convertible into or exercisable or exchangeable (directly
or indirectly) for Shares or securities of the Corporation and any other shares or securities issued or distributed in respect
thereto or in substitution thereof (collectively, “Securities”), or (ii) enter into any swap or other arrangement
that transfers to another, in whole or in part, any of the economic consequences of ownership of the Securities, whether any such
transaction described in the foregoing clauses (i) or (ii) is to be settled by delivery of Securities, in cash or otherwise. The
foregoing provisions of this Section ‎17.1 shall not apply to the sale of any shares to an underwriter pursuant to an underwriting
agreement. Such restrictions (the “Market Stand-Off”) shall be in effect for such period of time (the “Market
Stand-Off Period”): (A) following the first public filing of the registration statement relating to the underwritten
public offering until the expiration of up to 180 days following the effective date of such registration statement relating to
the Corporation’s public offering; or (B) such other period as shall be requested by the Corporation or the underwriters.
Notwithstanding anything herein to the contrary, if the underwriter(s) and the Corporation agree on a termination date of the
Market Stand-Off Period in the event of failure to consummate a certain public offering, then such termination shall apply also
to the Market Stand-Off Period hereunder with respect to that particular public offering. 

 

    	 

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17.2.
In the event of a subdivision of the outstanding share capital of the Corporation, the distribution of any securities (whether
or not of the Corporation), whether as bonus shares or otherwise, and whether as dividend or otherwise, a recapitalization, a
reorganization (which may include a combination or exchange of shares or a similar transaction affecting the Corporation’s
outstanding securities without receipt of consideration), a consolidation, a spin-off or other corporate divestiture or division,
a reclassification or other similar occurrence, any new, substituted or additional securities which are by reason of such transaction
distributed with respect to any Shares subject to the Market Stand-Off, or into which such Shares thereby become convertible,
shall immediately be subject to the Market Stand-Off.

 

17.3.
In order to enforce the Market Stand-Off, the Corporation may impose stop-transfer instructions with respect to the Shares acquired
under this Plan until the end of the applicable Market Stand-Off period.

 

17.4.
The underwriters in connection with a registration statement so filed are intended third party beneficiaries of this Section ‎17
and shall have the right, power and authority to enforce the provisions hereof as though they were a party hereto. Each Grantee
shall execute such separate agreement(s) as may be requested by the Corporation or the underwriters in connection with such registration
statement and in the form required by them, relating to Market Stand-Off (which need not be identical to the provisions of this
Section ‎17, and may include such additional provisions and restrictions as the underwriters deem advisable) or that are necessary
to give further effect thereto. The execution of such separate agreement(s) may be a condition by the Corporation to the exercise
of any Award.

 

17.5.
Without derogating from the above provisions of this Section ‎17 or elsewhere in this Plan, the provisions of this Section
17 shall apply to the Grantee and the Grantee’s heirs, legal representatives, successors, assigns, and to any purchaser,
assignee or transferee of any Awards or Shares.

 

18.
AGREEMENT REGARDING TAXES; DISCLAIMER.

 

18.1.
If the Corporation shall so require, as a condition of exercise or (if applicable) vesting of an Award, the release of Shares
by the Trustee or the expiration of the Restricted Period, a Grantee shall agree that, no later than the date of such occurrence,
the Grantee will pay to the Corporation (or the Trustee, as applicable) or make arrangements satisfactory to the Corporation and
the Trustee (if applicable) regarding payment of any applicable taxes and compulsory payments of any kind required by Applicable
Law to be withheld or paid.

 

18.2.
TAX LIABILITY. ALL TAX CONSEQUENCES UNDER ANY APPLICABLE LAW WHICH MAY ARISE FROM THE GRANT OF ANY AWARDS OR THE EXERCISE
OR (IF APPLICABLE) VESTING THEREOF, THE SALE OR DISPOSITION OF ANY SHARES GRANTED HEREUNDER OR ISSUED UPON EXERCISE OR (IF APPLICABLE)
THE VESTING OF ANY AWARD, THE ASSUMPTION, SUBSTITUTION, CANCELLATION OR PAYMENT IN LIEU OF AWARDS OR FROM ANY OTHER ACTION IN
CONNECTION WITH THE FOREGOING (INCLUDING WITHOUT LIMITATION ANY TAXES AND COMPULSORY PAYMENTS, SUCH AS SOCIAL SECURITY OR HEALTH
TAX PAYABLE BY THE GRANTEE OR THE COMPANY IN CONNECTION THEREWITH) SHALL BE BORNE AND PAID SOLELY BY THE GRANTEE, AND THE GRANTEE
SHALL INDEMNIFY THE COMPANY, ITS SUBSIDIARIES AND AFFILIATES AND THE TRUSTEE, AND SHALL HOLD THEM HARMLESS AGAINST AND FROM ANY
LIABILITY FOR ANY SUCH TAX OR PAYMENT OR ANY PENALTY, INTEREST OR INDEXATION THEREON. EACH GRANTEE AGREES TO, AND UNDERTAKES TO
COMPLY WITH, ANY RULING, SETTLEMENT, CLOSING AGREEMENT OR OTHER SIMILAR AGREEMENT OR ARRANGEMENT WITH ANY TAX AUTHORITY IN CONNECTION
WITH THE FOREGOING WHICH IS APPROVED BY THE COMPANY.

 

    	 

    	28

    

 

18.3.
NO TAX ADVICE. THE GRANTEE IS ADVISED TO CONSULT WITH A TAX ADVISOR WITH RESPECT TO THE TAX CONSEQUENCES OF RECEIVING,
EXERCISING OR DISPOSING OF AWARDS HEREUNDER. THE COMPANY DOES NOT ASSUME ANY RESPONSIBILITY TO ADVISE THE GRANTEE ON SUCH MATTERS,
WHICH SHALL REMAIN SOLELY THE RESPONSIBILITY OF THE GRANTEE.

 

18.4.
TAX TREATMENT. THE COMPANY AND ITS AFFILIATES (INCLUDING THE EMPLOYER) DO NOT UNDERTAKE OR ASSUME ANY LIABILITY OR RESPONSIBILITY
TO THE EFFECT THAT ANY AWARD SHALL QUALIFY WITH ANY PARTICULAR TAX REGIME OR RULES APPLYING TO PARTICULAR TAX TREATMENT, OR BENEFIT
FROM ANY PARTICULAR TAX TREATMENT OR TAX ADVANTAGE OF ANY TYPE AND THE COMPANY AND ITS AFFILIATES (INCLUDING THE EMPLOYER) SHALL
BEAR NO LIABILITY IN CONNECTION WITH THE MANNER IN WHICH ANY AWARD IS TREATED FOR TAX PURPOSES, REGARDLESS OF WHETHER THE AWARD
WAS GRANTED OR WAS INTENDED TO QUALIFY UNDER ANY PARTICULAR TAX REGIME OR TREATMENT. THIS PROVISION SHALL SUPERSEDE ANY TYPE OF
AWARDS OR TAX QUALIFICATION INDICATED IN ANY CORPORATE RESOLUTION OR AWARD AGREEMENT, WHICH SHALL AT ALL TIMES BE SUBJECT TO THE
REQUIREMENTS OF APPLICABLE LAW. THE COMPANY AND ITS AFFILIATES (INCLUDING THE EMPLOYER) DO NOT UNDERTAKE AND SHALL NOT BE REQUIRED
TO TAKE ANY ACTION IN ORDER TO QUALIFY ANY AWARD WITH THE REQUIREMENT OF ANY PARTICULAR TAX TREATMENT AND NO INDICATION IN ANY
DOCUMENT TO THE EFFECT THAT ANY AWARD IS INTENDED TO QUALIFY FOR ANY TAX TREATMENT SHALL IMPLY SUCH AN UNDERTAKING. THE COMPANY
AND ITS AFFILIATES (INCLUDING THE EMPLOYER) DO NOT UNDERTAKE TO REPORT FOR TAX PURPOSES ANY AWARD IN ANY PARTICULAR MANNER, INCLUDING
IN ANY MANNER CONSISTENT WITH ANY PARTICULAR TAX TREATMENT. NO ASSURANCE IS MADE BY THE COMPANY OR ANY OF ITS AFFILIATES (INCLUDING
THE EMPLOYER) THAT ANY PARTICULAR TAX TREATMENT ON THE DATE OF GRANT WILL CONTINUE TO EXIST OR THAT THE AWARD WOULD QUALIFY AT
THE TIME OF EXERCISE, VESTING OR DISPOSITION THEREOF WITH ANY PARTICULAR TAX TREATMENT. THE COMPANY AND ITS AFFILIATES (INCLUDING
THE EMPLOYER) SHALL NOT HAVE ANY LIABILITY OR OBLIGATION OF ANY NATURE IN THE EVENT THAT AN AWARD DOES NOT QUALIFY FOR ANY PARTICULAR
TAX TREATMENT, REGARDLESS WHETHER THE COMPANY COULD HAVE OR SHOULD HAVE TAKEN ANY ACTION TO CAUSE SUCH QUALIFICATION TO BE MET
AND SUCH QUALIFICATION REMAINS AT ALL TIMES AND UNDER ALL CIRCUMSTANCES AT THE RISK OF THE GRANTEE. THE COMPANY DOES NOT UNDERTAKE
OR ASSUME ANY LIABILITY TO CONTEST A DETERMINATION OR INTERPRETATION (WHETHER WRITTEN OR UNWRITTEN) OF ANY TAX AUTHORITIES, INCLUDING
IN RESPECT OF THE QUALIFICATION UNDER ANY PARTICULAR TAX REGIME OR RULES APPLYING TO PARTICULAR TAX TREATMENT. IF THE AWARDS DO
NOT QUALIFY UNDER ANY PARTICULAR TAX TREATMENT IT COULD RESULT IN ADVERSE TAX CONSEQUENCES TO THE GRANTEE.

 

    	 

    	29

    

 

18.5.
The Corporation or any Subsidiary or Affiliate (including the Employer) may take such action as it may deem necessary or appropriate,
in its discretion, for the purpose of or in connection with withholding of any taxes and compulsory payments which the Trustee,
the Corporation or any Subsidiary or Affiliate (including the Employer) (or any applicable agent thereof) is required by any Applicable
Law to withhold in connection with any Awards, including, without limitations, any income tax, social benefits, social insurance,
health tax, pension, payroll tax, fringe benefits, excise tax, payment on account or other tax-related items related to the Participant’s
participation in the Plan and applicable by law to the Participant (collectively, “Withholding Obligations”).
Such actions may include (i) requiring a Grantees to remit to the Corporation or the Employer in cash an amount sufficient to
satisfy such Withholding Obligations and any other taxes and compulsory payments, payable by the Corporation or the Employer in
connection with the Award or the exercise or (if applicable) the vesting thereof; (ii) subject to Applicable Law, allowing the
Grantees to surrender Shares to the Corporation, in an amount that at such time, reflects a value that the Committee determines
to be sufficient to satisfy such Withholding Obligations; (iii) withholding Shares otherwise issuable upon the exercise of an
Award at a value which is determined by the Corporation to be sufficient to satisfy such Withholding Obligations; or (iv) any
combination of the foregoing. The Corporation shall not be obligated to allow the exercise or vesting of any Award by or on behalf
of a Grantee until all tax consequences arising therefrom are resolved in a manner acceptable to the Corporation.

 

18.6.
Each Grantee shall notify the Corporation in writing promptly and in any event within ten (10) days after the date on which such
Grantee first obtains knowledge of any tax authority inquiry, audit, assertion, determination, investigation, or question relating
in any manner to the Awards granted or received hereunder or Shares issued thereunder and shall continuously inform the Corporation
of any developments, proceedings, discussions and negotiations relating to such matter, and shall allow the Corporation and its
representatives to participate in any proceedings and discussions concerning such matters. Upon request, a Grantee shall provide
to the Corporation any information or document relating to any matter described in the preceding sentence, which the Corporation,
in its discretion, requires.

 

18.7.
With respect to 102 Non-Trustee Options, if the Grantee ceases to be employed by the Corporation, Parent, Subsidiary or any Affiliate
(including the Employer), the Grantee shall extend to the Corporation and/or the Employer a security or guarantee for the payment
of taxes due at the time of sale of Shares, all in accordance with the provisions of Section 102 of the Ordinance and the Rules.

 

18.8.
If a Grantee makes an election under Section 83(b) of the Code to be taxed with respect to an Award as of the date of transfer
of Shares rather than as of the date or dates upon which the Grantee would otherwise be taxable under Section 83(a) of the Code,
such Grantee shall deliver a copy of such election to the Corporation upon or prior to the filing such election with the U.S.
Internal Revenue Service. Neither the Corporation nor any Affiliate (including the Employer) shall have any liability or responsibility
relating to or arising out of the filing or not filing of any such election or any defects in its construction.

 

19.
RIGHTS AS A SHAREHOLDER; VOTING AND DIVIDENDS.

 

19.1.
Subject to Section ‎11.4, a Grantee shall have no rights as a shareholder of the Corporation with respect to any Shares covered
by an Award until the Grantee shall have exercised or (as applicable) vests in the Award, paid any Exercise Price therefor and
becomes the record holder of the subject Shares. In the case of 102 Awards, the Trustee shall have no rights as a shareholder
of the Corporation with respect to the Shares covered by such Award until the Trustee becomes the record holder for such Shares
for the Grantee’s benefit, and the Grantee shall not be deemed to be a shareholder and shall have no rights as a shareholder
of the Corporation with respect to the Shares covered by the Award until the date of the release of such Shares from the Trustee
to the Grantee and the transfer of record ownership of such Shares to the Grantee (provided, however, that the Grantee shall be
entitled to receive from the Trustee any cash dividend or distribution made on account of the Shares held by the Trustee for such
Grantee’s benefit, subject to any tax withholding and compulsory payment). No adjustment shall be made for dividends (ordinary
or extraordinary, whether in shares or other securities, cash or other property, or rights, or any combination thereof) or distribution
of other rights for which the record date is prior to the date on which the Grantee or Trustee (as applicable) becomes the record
holder of the Shares covered by an Award, except as provided in Section ‎14 hereof.

 

    	 

    	30

    

 

19.2.
With respect to all Awards issued in the form of Shares hereunder or upon the exercise or (if applicable) the vesting of Awards
hereunder, any and all voting rights attached to such Shares shall be subject to Section ‎6.10, and the Grantee shall be entitled
to receive dividends distributed with respect to such Shares, subject to the provisions of the Corporation’s Charter and
Bylaws, as amended from time to time, and subject to any Applicable Law.

 

19.3.
The Corporation may, but shall not be obligated to, register or qualify the sale of Shares under any applicable securities law
or any other Applicable Law.

 

20.
NO REPRESENTATION BY COMPANY.

 

By
granting the Awards, the Corporation is not, and shall not be deemed as, making any representation or warranties to the Grantee
regarding the Corporation, its business affairs, its prospects or the future value of its Shares and such representations and
warranties are hereby disclaimed. The Corporation shall not be required to provide to any Grantee any information, documents or
material in connection with the Grantee’s considering an exercise of an Award. To the extent that any information, documents
or materials are provided, the Corporation shall have no liability with respect thereto. Any decision by a Grantee to exercise
an Award shall solely be at the risk of the Grantee.

 

21.
NO RETENTION RIGHTS.

 

Nothing
in this Plan, any Award Agreement or in any Award granted or agreement entered into pursuant hereto shall confer upon any Grantee
the right to continue in the employ of, or be in the service of the Corporation or any Subsidiary or Affiliate thereof as a Service
Provider or to be entitled to any remuneration or benefits not set forth in this Plan or such agreement, or to interfere with
or limit in any way the right of the Corporation or any such Subsidiary or Affiliate to terminate such Grantee’s employment
or service (including, any right of the Corporation or any of its Affiliates to immediately cease the Grantee’s employment
or service or to shorten all or part of the notice period, regardless of whether notice of termination was given by the Corporation
or its Affiliates or by the Grantee). Awards granted under this Plan shall not be affected by any change in duties or position
of a Grantee, subject to Sections ‎6.6 through ‎6.8. No Grantee shall be entitled to claim and the Grantee hereby waives
any claim against the Corporation or any Subsidiary or Affiliate that he or she was prevented from continuing to vest Awards as
of the date of termination of his or her employment with, or services to, the Corporation or any Subsidiary or Affiliate. No Grantee
shall be entitled to any compensation in respect of the Awards which would have vested had such Grantee’s employment or
engagement with the Corporation (or any Subsidiary or Affiliate) not been terminated.

 

22.
PERIOD DURING WHICH AWARDS MAY BE GRANTED.

 

Awards
may be granted pursuant to this Plan from time to time within a period of ten (10) years from the Effective Date, which period
may be extended from time to time by the Board. From and after such date (as extended) no grants of Awards may be made and this
Plan shall continue to be in full force and effect with respect to Awards or Shares issued thereunder that remain outstanding.

 

23.
AMENDMENT OF THIS PLAN AND AWARDS.

 

23.1.
The Board at any time and from time to time may suspend, terminate, modify or amend this Plan, whether retroactively or prospectively.
Any amendment effected in accordance with this Section shall be binding upon all Grantees and all Awards, whether granted prior
to or after the date of such amendment, and without the need to obtain the consent of any Grantee. No termination or amendment
of this Plan shall affect any then outstanding Award unless expressly provided by the Board.

 

    	 

    	31

    

 

23.2.
Subject to changes in Applicable Law that would permit otherwise, without the approval of the Corporation’s shareholders,
there shall be (i) no increase in the maximum aggregate number of Shares that may be issued under this Plan as Incentive Stock
Options (except by operation of the provisions of Section ‎14.1), (ii) no change in the class of persons eligible to receive
Incentive Stock Options, and (iii) no other amendment of this Plan that would require approval of the Corporation’s shareholders
under any Applicable Law. Unless not permitted by Applicable Law, if the grant of an Award is subject to approval by shareholders,
the date of grant of the Award shall be determined as if the Award had not been subject to such approval. Failure to obtain approval
by the shareholders shall not in any way derogate from the valid and binding effect of any grant of an Award that is not an Incentive
Stock Option.

 

23.3.
The Board or the Committee at any time and from time to time may modify or amend any Award theretofore granted, including any
Award Agreement, whether retroactively or prospectively.

 

24.
APPROVAL.

 

24.1.
This Plan shall take effect upon its adoption by the Board (the “Effective Date”).

 

24.2.
Solely with respect to grants of Incentive Stock Options, this Plan shall also be subject to shareholders’ approval, within
one year of the Effective Date, by a majority of the votes cast on the proposal at a meeting or a written consent of shareholders
(however, if the grant of an Award is subject to approval by shareholders, the date of grant of the Award shall be determined
as if the Award had not been subject to such approval). Failure to obtain such approval by the shareholders within such period
shall not in any way derogate from the valid and binding effect of any grant of an Award, except that any Options previously granted
under this Plan may not qualify as Incentive Stock Options but, rather, shall constitute Nonqualified Stock Options. Upon approval
of this Plan by the shareholders of the Corporation as set forth above, all Incentive Stock Options granted under this Plan on
or after the Effective Date shall be fully effective as if the shareholders of the Corporation had approved this Plan on the Effective
Date.

 

24.3.
102 Awards are conditional upon the filing with or approval by the ITA, if required, as set forth in Section ‎‎9. Failure
to so file or obtain such approval shall not in any way derogate from the valid and binding effect of any grant of an Award, which
is not a 102 Award.

 

25.
RULES PARTICULAR TO SPECIFIC COUNTRIES; SECTION 409A.

 

25.1.
Notwithstanding anything herein to the contrary, the terms and conditions of this Plan may be supplemented or amended with respect
to a particular country or tax regime by means of an appendix to this Plan, and to the extent that the terms and conditions set
forth in any appendix conflict with any provisions of this Plan, the provisions of such appendix shall govern. Terms and conditions
set forth in such appendix shall apply only to Awards granted to Grantees under the jurisdiction of the specific country or such
other tax regime that is the subject of such appendix and shall not apply to Awards issued to a Grantee not under the jurisdiction
of such country or such other tax regime. The adoption of any such appendix shall be subject to the approval of the Board or the
Committee, and if determined by the Committee to be required in connection with the application of certain tax treatment, pursuant
to applicable stock exchange rules or regulations or otherwise, then also the approval of the shareholders of the Corporation
at the required majority.

 

25.2.
This Section ‎25.2 shall only apply to Awards granted to Grantees who are subject to United States Federal income tax.

 

    	 

    	32

    

 

25.2.1
It is the intention of the Corporation that no Award shall be deferred compensation subject to Section 409A of the Code unless
and to the extent that the Committee specifically determines otherwise as provided in Section ‎25.2.2, and the Plan and the
terms and conditions of all Awards shall be interpreted and administered accordingly.

 

25.2.2
The terms and conditions governing any Awards that the Committee determines will be subject to Section 409A of the Code, including
any rules for payment or elective or mandatory deferral of the payment or delivery of Shares or cash pursuant thereto, and any
rules regarding treatment of such Awards in the event of a Change in Control, shall be set forth in the applicable Award Agreement
and shall be intended to comply in all respects with Section 409A of the Code, and the Plan and the terms and conditions of such
Awards shall be interpreted and administered accordingly.

 

25.2.3
The Corporation shall have complete discretion to interpret and construe the Plan and any Award Agreement in any manner that establishes
an exemption from (or compliance with) the requirements of Section 409A of the Code. If for any reason, such as imprecision in
drafting, any provision of the Plan and/or any Award Agreement does not accurately reflect its intended establishment of an exemption
from (or compliance with) Code Section 409A, as demonstrated by consistent interpretations or other evidence of intent, such provision
shall be considered ambiguous as to its exemption from (or compliance with) Section 409A of the Code and shall be interpreted
by the Corporation in a manner consistent with such intent, as determined in the discretion of the Corporation. If, notwithstanding
the foregoing provisions of this Section ‎25.2.3, any provision of the Plan or any such agreement would cause a Grantee to
incur any additional tax or interest under Section 409A of the Code, the Corporation may reform such provision in a manner intended
to avoid the incurrence by such Grantee of any such additional tax or interest; provided that the Corporation shall maintain,
to the extent reasonably practicable, the original intent and economic benefit to the Grantee of the applicable provision without
violating the provisions of Section 409A of the Code. For the avoidance of doubt, no provision of this Plan shall be interpreted
or construed to transfer any liability for failure to comply with the requirements of Section 409A from any Grantee or any other
individual to the Corporation or any of its affiliates, employees or agents.

 

25.2.4
Notwithstanding any other provision in the Plan, any Award Agreement, or any other written document establishing the terms and
conditions of an Award, if any Grantee is a “specified employee,” within the meaning of Section 409A of the Code,
as of the date of his or her “separation from service” (as defined under Section 409A of the Code), then, to the extent
required by Treasury Regulation Section 1.409A-3(i)(2) (or any successor provision), any payment made to such Grantee on account
of his or her separation from service shall not be made before a date that is six months after the date of his or her separation
from service. The Committee may elect any of the methods of applying this rule that are permitted under Treasury Regulation Section
1.409A-3(i)(2)(ii) (or any successor provision).

 

25.2.5
Notwithstanding any other provision of this Section ‎25.2 to the contrary, although the Corporation intends to administer
the Plan so that Awards will be exempt from, or will comply with, the requirements of Section 409A of the Code, the Corporation
does not warrant that any Award under the Plan will qualify for favorable tax treatment under Section 409A of the Code or any
other provision of federal, state, local, or non-United States law. The Corporation shall not be liable to any Grantee for any
tax, interest, or penalties the Grantee might owe as a result of the grant, holding, vesting, exercise, or payment of any Award
under the Plan.

 

    	 

    	33

    

 

26.
GOVERNING LAW; JURISDICTION.

 

This
Plan and all determinations made and actions taken pursuant hereto shall be governed by the laws of the State of Israel, except
with respect to matters that are subject to tax laws, regulations and rules of any specific jurisdiction, which shall be governed
by the respective laws, regulations and rules of such jurisdiction. Certain definitions, which refer to laws other than the laws
of such jurisdiction, shall be construed in accordance with such other laws. The competent courts located in Tel-Aviv-Jaffa, Israel
shall have exclusive jurisdiction over any dispute arising out of or in connection with this Plan and any Award granted hereunder.
By signing any Award Agreement or any other agreement relating to an Award, each Grantee irrevocably submits to such exclusive
jurisdiction.

 

27.
NON-EXCLUSIVITY OF THIS PLAN.

 

The
adoption of this Plan shall not be construed as creating any limitations on the power or authority of the Corporation to adopt
such other or additional incentive or other compensation arrangements of whatever nature as the Corporation may deem necessary
or desirable or preclude or limit the continuation of any other plan, practice or arrangement for the payment of compensation
or fringe benefits to employees generally, or to any class or group of employees, which the Corporation or any Affiliate now has
lawfully put into effect, including any retirement, pension, savings and stock purchase plan, insurance, death and disability
benefits and executive short-term or long-term incentive plans.

 

28.
MISCELLANEOUS.

 

28.1.
Survival. The Grantee shall be bound by and the Shares issued upon exercise or (if applicable) the vesting of any Awards
granted hereunder shall remain subject to this Plan after the exercise or (if applicable) the vesting of Awards, in accordance
with the terms of this Plan, whether or not the Grantee is then or at any time thereafter employed or engaged by the Corporation
or any of its Affiliates.

 

28.2.
Additional Terms. Each Award awarded under this Plan may contain such other terms and conditions not inconsistent with
this Plan as may be determined by the Committee, in its sole discretion.

 

28.3.
Fractional Shares. No fractional Share shall be issuable upon exercise or vesting of any Award and the number of Shares
to be issued shall be rounded down to the nearest whole Share, with any Share remaining at the last vesting date due to such rounding
to be issued upon exercise at such last vesting date.

 

28.4.
Severability. If any provision of this Plan, any Award Agreement or any other agreement entered into in connection with
an Award shall be determined to be illegal or unenforceable by any court of law in any jurisdiction, the remaining provisions
hereof and thereof shall be severable and enforceable in accordance with their terms, and all provisions shall remain enforceable
in any other jurisdiction. In addition, if any particular provision contained in this Plan, any Award Agreement or any other agreement
entered into in connection with an Award shall for any reason be held to be excessively broad as to duration, geographic scope,
activity or subject, it shall be construed by limiting and reducing such provision as to such characteristic so that the provision
is enforceable to fullest extent compatible with Applicable Law as it shall then appear.

 

28.5.
Captions and Titles. The use of captions and titles in this Plan or any Award Agreement or any other agreement entered
into in connection with an Award is for the convenience of reference only and shall not affect the meaning or interpretation of
any provision of this Plan or such agreement.

 

*
* *

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