Document:

INDEMNIFICATION
      AND RELEASE AGREEMENT

    

    

    To
      Mr./Ms.
                                        

    

    It
      is in
      the best interest of Valor Computerized Systems Ltd. (the “Company”)
      to
      retain and attract as directors and/or officers the most capable persons
      available and such persons are becoming increasingly reluctant to serve s
      directors of companies unless they are provided with adequate protection through
      insurance and indemnification in connection with such service.

    

    You
      are
      or have been appointed to be a director and/or officer of the Company, and
      in
      order to enable you to provide your services to the Company in an effective
      manner, the Company desires to provide hereunder for your indemnification to
      the
      fullest extent permitted by law.

    

    In
      consideration of you continuing to serve the Company, the Company hereby agrees
      as follows:

     

    
      	
              1.

            	
              The
                Company hereby undertakes to indemnify you to the maximum extent
                permitted
                by applicable law for any liability or expense imposed on or incurred
                by
                you in respect of any act or omission or alleged act or
                omission (each,
                an “action”)
                taken or made by you in your capacity as an Office Holder (as defined
                in
                the Israeli Companies Law, 1999 (the “Companies
                Law”))
                of the Company, in respect of the
                following:

            

    

     

    
      	 	
              1.1.

            	
              any
                financial obligation imposed on or incurred by you in favor of another
                person by a court judgment, including a settlement or an arbitrator’s
                award approved by court; and

            

    

     

    
      	 	
              1.2.

            	
              reasonable
                litigation expenses, including without limitation attorneys’ fees and, to
                the extent permitted by applicable law, including also the fees and
                expenses of investigators, accountants and other experts, expended
                by you
                or charged to you by a court, (i) in a proceeding instituted against
                you
                by the Company or on its behalf or by another person, or (ii) in
                any
                criminal proceeding in which you are acquitted, or (iii) in any criminal
                proceeding for an offense which does not require proof of criminal
                intent
                of which you are convicted; and

            

    

     

    
      	 	
              1.3.

            	
              reasonable
                litigation expenses, including without limitation attorneys’ fees and, to
                the extent permitted by applicable law, including also the fees and
                expenses of investigators, accountants and other experts, expended
                by you
                as a result of an investigation or proceeding instituted against
                you by an
                authority authorized to conduct such investigation or proceeding,
                which:
                (i) is Concluded Without The Filing Of An Indictment (as defined
                in the
                Companies Law) against you and without the imposition on you of any
                Financial Obligation In Lieu of Criminal Proceedings (as defined
                in the
                Companies Law), or (ii) which is Concluded Without The Filing Of
                An
                Indictment against you, but with the imposition on you of a Financial
                Obligation In Lieu of Criminal Proceedings in respect of an offense
                that
                does not require proof of criminal intent.

            

    

     

    
      	 	
              1.4.

            	
              The
                above indemnification will also apply to any action taken by you
                in your
                capacity as an Office Holder of any other company controlled, directly
                or
                indirectly, by the Company (a “Subsidiary”)
                or in your capacity as an officer, director, or observer at board
                of
                directors’ meetings, of a company not

            

    

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

     

    
      
        	 	
                 

              	
                controlled
                  by the Company but where your appointment as such is at the request
                  of the
                  Company (“Affiliate”).

              

      

       

    

    
      	
              2.

            	
              The
                Company will not indemnify you for any amount you may be obligated
                to pay
                in respect of any of the following:

            

    

     

    
      	
            	2.1.	
              a
                breach of your duty of loyalty, except, to the extent permitted by
                law,
                for a breach of a duty of loyalty to the Company, a Subsidiary or
                an
                Affiliate while acting in good faith and having reasonable cause
                to assume
                that such act would not prejudice the interests of the Company, the
                Subsidiary or the Affiliate, as
                applicable;

            

    

     

    
      	 	
              2.2.

            	
              a
                willful breach of the duty of care, or reckless disregard for the
                circumstances or to the consequences of a breach of the duty of care
                other
                than a breach arising solely out of your negligent conduct;
                

            

    

     

    
      	 	
              2.3.

            	
              an
                action, taken or not taken, with the intent of unlawfully realizing
                personal gain;

            

    

     

    
      	 	
              2.4.

            	
              a
                fine or penalty imposed upon you for an offense;
                

            

    

     

    
      	 	
              2.5.

            	
              a
                counterclaim made by the Company or a Subsidiary or in its name in
                connection with a claim against the Company or such Subsidiary filed
                by
                you, other than for indemnification hereunder; and
                

            

    

     

    
      	 	
              2.6.

            	
              any
                claim arising from your purchase and sale of securities in violation
                of
                Section 16(b) of the Securities Act of 1934, as amended, if applicable.
                

            

    

     

    
      	
              3.

            	
              The
                indemnification undertaking in paragraph 1.1 will be limited to the
                matters mentioned therein insofar as they result from your actions
                in the
                following matters or in connection therewith (which have been determined
                by the Board of Directors of the Company as foreseeable in view of
                the
                Company’s current activity):

            

    

     

    
      	 	
              3.1.

            	
              The
                offering of securities by the Company and/or by a shareholder to
                the
                public and/or to private investors or the offer by the Company to
                purchase
                securities from the public and/or from private investors or other
                holders
                pursuant to a prospectus, agreements, notices, reports, tenders and/or
                other proceedings;

            

    

     

    
      	 	
              3.2.

            	
              Occurrences
                resulting from the Company’s becoming, or its status as, a public company,
                and/or from the fact that the Company’s securities were offered to the
                public and/or are traded on a stock exchange, whether in Israel or
                abroad;

            

    

     

    
      	 	
              3.3.

            	
              Occurrences
                in connection with investments that the Company and/or Subsidiaries
                and/or
                Affiliates make in other corporations whether before and/or after
                the
                investment is made, entering into the transaction, the execution,
                development and monitoring thereof, including actions taken by you
                in the
                name of the Company and/or a Subsidiary and/or an Affiliate as a
                director,
                officer, employee and/or board observer of the corporation the subject
                of
                the transaction and the like;

            

    

     

    
      	 	
              3.4.

            	
              The
                sale, purchase and holding of negotiable securities or other investments
                for or in the name of the Company, a Subsidiary and/or an
                Affiliate;

            

    

     

    
      	 	
              3.5.

            	
              Actions
                in connection with any sale or acquisition of assets by the Company,
                a
                Subsidiary and/or an Affiliate or the merger of the Company, a Subsidiary
                and/or an Affiliate with or into another
                entity;

            

    

     

    
      
         

      

      
        2

        
          

        

      

      
         

      

    

     

    
      	 	
              3.6.

            	
              Actions
                in connection with the sale of the operations and/or business, or
                part
                thereof, of the Company, a Subsidiary and/or an
                Affiliate;

            

    

     

    
      	 	
              3.7.

            	
              Without
                derogating from the generality of the above, actions in connection
                with
                the purchase or sale of companies, legal entities or assets, and
                the
                division or consolidation thereof;

            

    

     

    
      	 	
              3.8.

            	
              Actions
                taken in connection with labor relations and/or employment matters
                in, and
                agreements, transactions and trade relations of, the Company, its
                Subsidiaries and/or Affiliates with third parties, including without
                limitation with employees, consultants, independent contractors,
                customers, suppliers and various service
                providers;

            

    

     

    
      	 	
              3.9.

            	
              Actions
                concerning the approval of transactions of the Company, its Subsidiaries
                and/or Affiliates with officers and/or directors and/or holders of
                controlling interests in the Company, its Subsidiaries and/or
                Affiliates;

            

    

     

    
      	 	
              3.10.

            	
              Actions
                taken in connection with the approval and execution of financial
                statements and business reports and the representations made in connection
                therewith; 

            

    

     

    
      	 	
              3.11.

            	
              Actions
                in connection with the testing of products developed by the Company,
                its
                Subsidiaries and/or Affiliates or in connection with the distribution,
                sale, license or use of such
                products;

            

    

     

    
      	 	
              3.12.

            	
              Actions
                taken in connection with the intellectual property of the Company,
                its
                Subsidiaries and/or Affiliates, and its protection, including the
                registration or assertion of rights to intellectual property and
                the
                defense of claims related to intellectual property;
                and

            

    

     

    
      	 	
              3.13.

            	
              Actions
                taken pursuant to or in accordance with the policies and procedures
                of the
                Company, its Subsidiaries and/or Affiliates, whether such policies
                and
                procedures are published or not.

            

    

     

    
      	
              4.

            	
              The
                Company will make available to you all amounts needed in accordance
                with
                paragraph 1 above on the date on which such amounts are first payable
                by
                you (“Time
                of Indebtedness”),
                and with respect to items referred to in paragraphs 1.2 and 1.3 above,
                even prior to a court decision. Advances given to cover legal expenses
                in
                a criminal proceeding or in administrative or investigative proceeding
                that result in a criminal proceeding will be repaid by you to the
                Company
                if you are found guilty of a crime which requires proof of criminal
                intent. Other advances will be repaid by you to the Company if it
                is
                determined that you are not lawfully entitled to such
                indemnification.

            

    

     

    
      	 	 	
              As
                part of the aforementioned undertaking, the Company will make available
                to
                you any security or guarantee that you may be required to post in
                accordance with an interim decision given by a court or an arbitrator,
                including for the purpose of substituting liens imposed on your
                assets.

            

    

     

    
      	 	 	
              All
                amounts paid as indemnification pursuant hereto will be grossed-up
                to
                cover any tax payments you may be required to make if the indemnification
                payments are taxable to you.

            

    

     

    
      	
              5.

            	
              The
                Company will indemnify you even if at the relevant Time of Indebtedness
                you are no longer an Office Holder of the Company or of a Subsidiary
                or an
                officer, director or board observer of an Affiliate, provided that
                the
                obligations are in respect of actions taken by you while you were
                an
                Office Holder, director, officer, and/or board observer, as aforesaid,
                and
                in such capacity, including if taken prior to the date of this
                Indemnification and Release 

            

    

     

    
      
         

      

      
        3

        
          

        

      

      
         

      

    

     

    
      
        	
                 

              	
                Agreement
                  and the indemnity will extend to your heirs, executors, administrators
                  and
                  legal representatives.

              

      

       

    

    
      	
              6.

            	
              The
                Company will not indemnify you for any liability with respect to
                which you
                have received payment by virtue of an insurance policy or another
                indemnification agreement other than for amounts which are in excess
                of
                the amounts actually paid to you pursuant to any such insurance policy
                or
                another indemnity agreement (including deductible amounts not covered
                by
                insurance policies).

            

    

     

    
      
        
          	7.	
                  Subject
                    to the provisions of paragraph 6 above, the indemnification under
                    paragraph 1.1 above with respect to all Office Holders in the
                    aggregate
                    will be limited to an aggregate amount (which has been determined
                    by the
                    Board of Directors of the Company to be reasonable under the
                    circumstances) which shall not exceed the greater of: (i) with
                    respect to
                    indemnification in connection with a public offering of the Company’s
                    securities, the gross proceeds raised by the Company and/or any
                    Selling
                    Shareholder in such public offering, and (ii) with respect to
                    any and all
                    matters mentioned in paragraph 3 above (including a public offering
                    of the
                    Company’s securities), an amount equal to 50% of the Company’s
                    shareholders equity (on a consolidated basis), based on the Company’s most
                    recent financial statements made publicly available before the
                    date on
                    which the indemnity payment is made.
                    If
                    the aforesaid amount is insufficient to cover all amounts to
                    which all
                    Office Holders are entitled, such amount shall be allocated among
                    such
                    persons pro rata to the amounts to which they are so
                    entitled.

                

        

      

    

     

    
      	
              8.

            	
              The
                Company will be entitled to reimbursement of amounts collected from
                a
                third party in connection with liabilities for which you were indemnified
                hereunder, such reimbursement not to exceed the amounts for which
                you were
                indemnified by the Company.

            

    

     

    
      	
              9.

            	
              In
                all indemnifiable circumstances indemnification will be subject to
                the
                following:

            

    

     

    
      	 	
              9.1.

            	
              You
                shall promptly notify the Company of any legal proceedings initiated
                against you and of all possible or threatened legal proceedings and,
                to
                the extent permitted by law, all administrative or investigative
                proceedings initiated against you, without delay following your first
                becoming aware thereof, and you shall deliver to the Company, or
                to such
                person as it shall advise you, without delay all documents you receive
                in
                connection with these proceedings and provide such other information
                and
                cooperation as the Company shall reasonably
                request.

            

    

     

    
      	 	 	
              Similarly,
                you shall advise the Company on an ongoing and current basis concerning
                all events which you suspect may give rise to the initiation of legal
                proceedings against you. 

            

    

     

    
      	 	 	
              Failure
                to notify the Company as aforesaid will not relieve the Company of
                its
                indemnification obligations pursuant hereto except to the extent
                that it
                has been actually prejudiced as a result of such failure.
                

            

    

     

    
      	 	
              9.2.

            	
              Other
                than with respect to proceedings that have been initiated against
                you by
                the Company or in its name, the Company shall be entitled to assume
                the
                conduct of your defense in respect of such proceedings and/or to
                hand over
                the conduct thereof to any attorney which the Company may choose
                for that
                purpose, except to an attorney who is not, upon reasonable grounds,
                acceptable to you.

            

    

     

    Notwithstanding
      the foregoing you will be entitled to appoint separate counsel of your own
      who
      shall accompany you in such proceeding, but the 

     

    
      
         

      

      
        4

        
          

        

      

      
         

      

    

     

    expenses
      associated with the employment of such counsel incurred after notice from the
      Company of its assumption of the defense thereof shall be at your expense unless
      (i) the employment of counsel by you has been authorized by the Company, (ii)
      you shall have reasonably concluded in good faith that there is reasonably
      likely to be a conflict of interest between the Company and you in the conduct
      of the defense of such proceeding or (iii) the Company shall not in fact have
      employed counsel to assume the defense of such proceeding, in each of which
      cases the expenses of your separate counsel shall be at the expense of the
      Company. The Company shall not be entitled to assume the defense of any
      proceeding brought by or on behalf of the Company or as to which you shall
      have
      made the conclusion provided for in (ii) above.

     

    The
      Company and/or its attorney appointed by it as aforesaid shall be entitled,
      within the context of the conduct as aforesaid, to conclude such proceedings,
      all as it shall see fit, including by way of settlement. At the request of
      the
      Company, you shall execute all documents reasonably required to enable the
      Company and/or its attorney as aforesaid to conduct your defense in your name,
      and to represent you in all matters connected therewith, in accordance with
      the
      aforesaid. 

     

    For
      the
      avoidance of doubt, in the case of criminal proceedings the Company and/or
      its
      attorney as aforesaid will not have the right to plead guilty in your name
      or to
      agree to a plea-bargain in your name without your written consent. Furthermore,
      in a civil proceeding (whether before a court or as a part of a compromise
      arrangement), the Company and/or its attorney will not have the right to admit
      to any occurrences that are not fully indemnifiable pursuant to this
      Indemnification and Release Agreement (including together with insurance
      payments actually received or other amounts actually collected or received
      from
      third parties), or to enter into any settlement, or compromise or consent to
      any
      judgment unless such settlement, compromise or consent includes an unconditional
      release of you from all liability arising out of the proceeding, without your
      written consent, which will not be unreasonably withheld. However, the aforesaid
      will not prevent the Company and/or its attorney as aforesaid, with the approval
      of the Company, to come to a financial arrangement with a plaintiff in a civil
      proceeding without your consent so long as such arrangement will not be an
      admittance of an occurrence not fully indemnifiable pursuant to this
      Indemnification and Release Agreement (including together with insurance
      payments actually received or other amounts actually collected or received
      from
      third parties) and so long as it includes an unconditional release as
      aforesaid.

     

    
      	 	
              9.3.

            	
              You
                will fully cooperate with the Company and/or its attorney as aforesaid
                in
                every reasonable way as may be required of you within the context
                of their
                conduct of such legal proceedings, including but not limited to the
                execution of power(s) of attorney and other documents, provided that
                the
                Company shall cover all costs incidental thereto such that you will
                not be
                required to pay the same or to finance the same yourself; and provided,
                further, that you shall not be required to take any action that would
                in
                any way prejudice your defense or waive any defense or position available
                to you in connection with any
                proceeding.

            

    

     

    
      
         

      

      
        5

        
          

        

      

      
         

      

    

     

    
      	 	
              9.4.

            	
              You
                will do all things reasonably requested by the Board of Directors
                of the
                Company to subrogate to the Company any rights of recovery (including
                rights to insurance or indemnification from persons other than the
                Company) which you may have with respect to any proceeding.
                

            

    

     

    
      	 	
              9.5.

            	
              If,
                in accordance with paragraph 9.2 above, the Company has assumed the
                conduct of your defense, the Company will have no liability or obligation
                pursuant to this Indemnification and Release Agreement or the resolutions
                referred to below to indemnify you for any legal expenses, including
                any
                legal fees, that you may expend in connection with your defense following
                such assumption of defense, except in the event that you are entitled
                to
                retain separate counsel pursuant to the terms of such
                paragraph.

            

    

     

    
      	 	
              9.6.

            	
              The
                Company will have no liability or obligation pursuant to this
                Indemnification and Release Agreement or the resolutions referred
                to below
                to indemnify you for any amount expended by you pursuant to any compromise
                or settlement agreement reached in any suit, demand or other proceeding
                as
                aforesaid without the Company’s prior consent to such compromise or
                settlement.

            

    

     

    
      	 	
              9.7.

            	
              That,
                if required by law, the Company’s authorized organs will consider the
                request for indemnification and the amount thereof, and will determine
                if
                you are entitled to indemnification and the amount
                thereof.

            

    

     

    
      	
              10.

            	
              Subject
                to paragraph 2 above, the Company hereby exempts and releases you,
                to the
                fullest extent permitted by law, from any liability for damages caused
                as
                a result of a breach of your duty of care to the Company in your
                capacity
                as an Office Holder of the Company, whether such breach occurred
                or occurs
                prior or subsequent to the resolutions referred to below, provided
                that no
                such exemption shall apply to a breach of your duty of care in connection
                with a Distribution (as defined in the Companies
                Law).

            

    

     

    
      	
              11.

            	
              If
                for the validation of any of the undertakings in this Indemnification
                and
                Release Agreement any act, resolution, approval or other procedure
                is
                required, the Company undertakes to initiate and make its best efforts
                to
                cause them to be done or adopted in a manner which will enable the
                Company
                to fulfill all its undertakings as
                aforesaid.

            

    

     

    
      	
              12.

            	
              For
                the avoidance of doubt, it is hereby clarified that nothing contained
                in
                this Indemnification and Release Agreement or in the above resolutions
                derogates from the Company’s right to indemnify you post factum for any
                amounts which you may be obligated to pay as set forth in paragraph
                1
                above without the limitations set forth in paragraphs 3 and 7
                above.

            

    

     

    
      	
              13.

            	
              If
                any undertaking included in this Indemnification and Release Agreement
                is
                held invalid or unenforceable, such invalidity or unenforceability
                will
                not affect any of the other undertakings, exemptions or releases,
                which
                will remain in full force and effect. Furthermore, if such invalid
                or
                unenforceable undertaking exemption or release may be modified or
                amended
                so as to be valid and enforceable as a matter of law, such undertakings
                exemptions or releases will be deemed to have been modified or amended,
                and any competent court or arbitrator are hereby authorized to modify
                or
                amend such undertaking exemption or release, so as to be valid and
                enforceable to the maximum extent permitted by
                law.

            

    

     

    
      	
              14.

            	
              This
                Indemnification and Release Agreement and the agreement herein shall
                be
                governed by and construed and enforced in accordance with the laws
                of the
                State of Israel, as such laws are applied to contracts entered into
                and to
                be performed entirely within the State of Israel,
                

            

    

     

    
      
         

      

      
        6

        
          

        

      

      
         

      

    

     

    
      
        	
                 

              	
                without
                  regard to its conflict of laws
                  rules.

              

      

       

    

    
      	
              15.

            	
              This
                Indemnification and Release Agreement contains the entire agreement
                and
                understanding between the Company and yourself in respect of the
                subject
                matter hereof and terminates and replaces any previous agreement
                in such
                respect any previous indemnification agreement with
                you.

            

    

     

    
      	
              16.

            	
              Subject
                to all indemnification limitations set herein, the Company shall
                reimburse
                you for all of your reasonable out-of-pocket expenses, including
                legal
                expenses, in enforcing this Indemnification and Release Agreement
                against
                the Company in the event that you prevail in such enforcement.
                

            

    

    

    This
      letter is being issued to you pursuant to the resolutions adopted by the board
      of directors of the Company on _________ __, 2007, and by the shareholders
      of
      the Company on _________ __, 2007. 

    

    Please
      sign and return the enclosed copy of this letter to acknowledge your agreement
      to the contents hereof.

     

     

    
      	 	 	 
	 	Sincerely,
	 	 
	 	VALOR COMPUTERIZED SYSTEMS
              LTD.
	 
 	 
 	 
 
	 	By:  	 
	 	
              
                

              

              Name:

              Title:

            
	 	 
	 	Date:

    

     

     

    
      	Acknowledged and agreed:	 
	 	 
	 	 
	Name:	 
	Title:	 
	 	 
	Date: 	 

    

     

    
      
         

      

      
        7Final

     
      

    EXHIBIT
      A

    

    

    VALOR
      COMPUTERIZED SYSTEMS LTD.

     

     

     

    THE
      1999 

    SECTION
      102 SHARE OPTION PLAN

    

     

    
      
        
        

      

      
        11

        
          

        

      

      
        
        

      

    

    

     

    Final

    

    VALOR
      COMPUTERIZED SYSTEMS LTD.

     

    THE
      1999 SECTION 102 SHARE OPTION PLAN

     

    
      	
              1.

            	
              NAME

            

    

     

    This
      Plan, as amended from time to time, shall be known as the VALOR COMPUTERIZED
      SYSTEMS Ltd. 1999 Section 102 Share Option Plan (“the
      Option Plan”
      or
      “the
      Plan”)

     

    
      	
              2.

            	
              PURPOSE
                OF THE OPTION PLAN

            

    

     
      

    The
      Option Plan is intended as an incentive to retain, in the employ of VALOR
      COMPUTERIZED SYSTEMS Ltd. (“the
      Company”)
      or a
      Subsidiary y of the Company which now exists or hereafter is organized or
      acquired by the Company, persons of training, experience, and ability, to
      attract new employees, whose services are considered valuable, to encourage
      the
      sense of proprietorship of such persons, and to stimulate the active interest
      of
      such persons in the development and financial success of the Company by
      providing them with opportunities to purchase shares in the Company, pursuant
      to
      the Option Plan approved by the board of directors of the company (“the
      Board”),
      which
      is designed to benefit from, and is made pursuant to, the provisions of Section
      102 of the Israeli Income Tax Ordinance (New Version) 1961 and any regulations,
      rules, orders of procedures promulgated thereunder (“Section
      102”)
      with
      respect to Options granted to employees of the Company, each Option exercisable
      for one share, pursuant to the Option Plan (“the
      Options”).

     

    The
      term
“Subsidiary”
      shall
      mean for the purposes of the Plan: any company (other than the Company) in
      an
      unbroken chain of companies beginning with the Company if, at the time of
      granting an option, 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 chains.

     
      

    
      	
               3.

            	
              ADMINISTRATION
                OF THE OPTION PLAN

            

    

     

    The
      Board
      or a share option committee appointed and maintained by the Board for such
      purpose (“the
      Committee”) shall
      have the power to administer the Option Plan. Notwithstanding the above, the
      Board shall automatically have a residual authority if no Committee shall be
      constituted or if such Committee shall cease to operate for any reason
      whatsoever.

     

    The
      Committee shall consist of such number of members (not less than two (2) in
      number) as may be fixed by the Board. The Committee shall select one of its
      members as its chairman (“the
      Chairman”) and
      shall
      hold its meetings at such times and places as the Chairman shall determine.
      The
      Committee shall keep records of its meetings and shall make such rules and
      regulations for the conduct of its business as it shall deem
      advisable.

     

    Any
      member of such Committee shall be eligible to receive Options under the Option
      Plan while serving on the Committee, unless otherwise specified
      herein.

     

    
      
        
        

      

      
        12

        
          

        

      

      
        
        

      

    

     

    Final

    

    The
      Committee shall have full power and authority to:

     

    
      	
               

            	
              3.1

            	
              Designate
                participants.

            

    

     

    
      	
               

            	
              3.2

            	
              Determine
                the terms and provisions of respective Option agreements (which need
                not
                be identical) including, but not limited to, the number of shares
                in the
                Company to be covered by each Option, provisions concerning the time
                or
                times when and the extent to which the Options may be exercised and
                the
                nature and duration of restrictions as to transferability or restrictions
                constituting substantial risk of
                forfeiture.

            

    

     

    
      	
               

            	
              3.3

            	
              Accelerate
                the right of an Optionee to exercise, in whole or in part, any previously
                granted Option.

            

    

     

    
      	
               

            	
              3.4

            	
              Interpret
                the provisions and supervise the administration of the Option
                Plan;

            

    

     

    
      	
               

            	
              3.5

            	
              Determine
                the Fair Market value( as defined below) of the shares (as defined
                below).

            

    

     

    
      	
               

            	
              3.6

            	
              Determine
                any other matter which is necessary or desirable for, or incidental
                to
                administration of the Option Plan.

            

    

     

    The
      Committee shall have the authority to grant, in its discretion, to the holder
      of
      an outstanding Option, in exchange for the surrender and cancellation of such
      Option, a new Option having a purchase price equal to, lower than or higher
      than
      the purchase price provided in the Option so surrendered and canceled, and
      containing such other terms and conditions as the Committee may prescribe in
      accordance with the provisions of the Option Plan.

     

    All
      decisions and selections made by the Board or the Committee pursuant to the
      provisions of the Option Plan shall be made by a majority of its members except
      that no member of the Board or the Committee shall vote on, or be counted for
      quorum purposes, with respect to any proposed action of the Board or the
      Committee relating to any Option to be granted to that member. Any decision
      reduced to writing and signed by a majority of the members who are authorized
      to
      make such decision shall be fully effective as if it had been made by a majority
      at a meeting duly held.

     

    The
      interpretation and construction by the Committee of any provision of the Option
      Plan or of any Option thereunder shall be final and conclusive unless otherwise
      determined by the Board.

     

    Subject
      to the Company decision, each member of the Board or the Committee shall be
      indemnified and held harmless by the Company against any cost or expense
      (including counsel fees) reasonably incurred by him, or any liability (including
      any sum paid in settlement of a claim with the approval of the Company) arising
      out of any act or omission to act in connection with the Option Plan unless
      arising out of such member’s own fraud or bad faith, to the extent permitted by
      applicable law. Such indemnification shall be in addition to any rights of
      indemnification the member may have as a director or otherwise under the
      Company’s Articles of Association, any agreement, any vote of shareholders or
      disinterested directors, insurance policy or otherwise.

     

    
      
        
        

      

      
        13

        
          

        

      

      
        
        

      

    

     

    Final

    

    “Fair
      Market value” shall
      mean in the Plan, as of any date, the value of a Share determined as
      follows:

     

    
      	
               

            	
              (i)

            	
              If
                the Shares are listed on any established stock exchange or a national
                market system, including without limitation the Nasdaq National Market
                system, or The Nasdaq SmallCap Market of the Nasdaq Stock Market,
                the Fair
                Market value shall be the closing sales price for such Shares ( or
                the
                closing bid, if no sales were reported), as quoted on such exchange
                or
                system for the last market trading day prior to time of determination,
                as
                reported in the Wall
                Street Journal, or
                such other source as the Administrator deems
                reliable.

            

    

     

    
      	
               

            	
              (ii)

            	
              If
                the Shares are regularly quoted by a recognized securities dealer
                but
                selling prices are not reported , the Fair Market Value shall be
                the mean
                between the high bid and low asked prices for the Shares on the last
                market trading day prior to the day of determination,
                or;

            

    

     

    
      	
               

            	
              (iii)

            	
              In
                the absence of an established market for the Shares, the Fair Market
                Value
                thereof shall be determined in good faith by the
                committee.

            

    

     

    
      	
              4.

            	
              DESIGNATION
                OF PARTICIPANTS

            

    

     

    The
      persons eligible for participation in the Option Plan as recipients of Options
      shall include any employees of the Company or of any Subsidiary of the Company
      now exists or hereafter is organized or acquired by the Company. The grant
      of an
      Option hereunder shall neither entitle the recipient thereof to participate
      nor
      disqualify him from participating in, any other grant of Options pursuant to
      this Option Plan or any other option or stock plan of the Company or any of
      its
      affiliates.

     

    Notwithstanding
      anything in the Option Plan to the contrary, all grants of Options to directors
      and office holders (“Nosei Misra” - as such term is defined in the Companies
      Ordinance (New Version), 1983 - “the
      Companies Ordinance”) shall
      be
      authorized and implemented only in accordance with the provisions of the
      Companies Ordinance, as in effect from time to time.

     

    
      	
              5.

            	
              TRUSTEE

            

    

     

    The
      Options which shall be granted to employees of the Company and/or any Shares
      (as
      defined below) issued upon exercise of such Options and/or other shares received
      subsequently following any realization of rights, shall be issued to a Trustee
      nominated by the Committee, and approved in accordance with the provisions
      of
      Section 102 (“the
      Trustee”) and
      held
      for the benefit of the Optionees for a period of not less than two years (24
      months) from the date of grant.

     

    Notwithstanding
      anything to the contrary, the Trustee shall not release any Options which were
      not already exercised into Shares by the Optionee or release any Shares issued
      upon exercise of Options prior to the full payment of the Optionee’s tax
      liabilities arising from Options which were granted to him and/or any Shares
      issued upon exercise of such Options.

     

    
      
        
        

      

      
        14

        
          

        

      

      
        
        

      

    

     

    Final

    

    Upon
      receipt of the Option, the Optionee will sign an undertaking to irrevocably
      exempt the Trustee from any liability in respect of any action or decision
      duly
      taken and bona
      fide executed
      in relation with the Option Plan, or any Option or Share granted to him
      thereunder.

     

    
      	
              6.

            	
              SHARES
                RESERVED FOR THE OPTION PLAN; RESTRICTION
                THEREON

            

    

     

    
      	
               

            	
              6.1

            	
              The
                Company has reserved 20,000 authorized but unissued Ordinary Shares
                nominal value NIS 1.00 per share, of the Company (“the Shares”), for
                purposes of the Plan, subject to adjustment as set forth in paragraph
                8
                below. Any of such Shares which may remain unissued and which are
                not
                subject to outstanding Options at the termination of the Option Plan
                shall
                cease to be reserved for the purpose of the Option Plan, but until
                termination of the Option Plan the Company shall at all times reserve
                sufficient number of Shares to meet the requirements of the Option
                Plan.
                Should any Option for any reason expire or be canceled prior to its
                exercise or relinquishment in full, the Shares therefore subject
                to such
                Option may again be subjected to an Option under the Option
                Plan.

            

    

     

    
      	
               

            	
              6.2

            	
              An
                employee who purchased Shares hereunder upon exercise of Options
                shall
                have no voting rights as a shareholder (in any and all matters whatsoever)
                until the consummation of a public offering of the Company’s shares (the
                “IPO”). Until an IPO, such Shares shall be voted by an irrevocable proxy
                pursuant to the directions of the Board, such proxy irrevocably to
                be to
                the person or persons designated by the Board. All Shares issued
                upon
                exercise of the Options shall entitle the holder thereof to receive
                dividends and other distributions
                thereon.

            

    

     

    
      	
              7.

            	
              OPTION
                PRICE

            

    

     

    
      	
               

            	
              7.1

            	
              The
                purchase price of each Share subject to an Option or any portion
                thereof
                shall be determined by the Committee in its sole and absolute discretion
                in accordance with applicable law, subject to any guidelines as may
                be
                determined by the Board from time to
                time.

            

    

     

    To
      the
      extent required by Section 102 of the Ordinance, the Optionee shall waive 1.00
      NIS of his salary payment.

     

    
      	
               

            	
              7.2

            	
              The
                Option price shall be payable upon the exercise of the Option in
                a form
                satisfactory to the Committee and conforming to the requirements
                of
                Section 102, including without limitation, by cash or check. The
                Committee
                shall have the authority to postpone the date of payment on such
                terms as
                it may determine.

            

    

     

    
      
        
        

      

      
        15

        
          

        

      

      
        
        

      

    

     

    Final

     

    
      	
              8.

            	
              ADJUSTMENTS

            

    

     

    Upon
      the
      occurrence of any of the following described events, Optionee’s rights to
      purchase Shares under the Option Plan shall be adjusted as hereafter
      provided:

     

    
      	
               

            	
              8.1

            	
              In
                the event of a merger of the Company with or into another corporation,
                or
                the sale of substantially all of the assets of the Company, while
                unexercised Options remain outstanding under the Option Plan, there
                shall
                be substituted for the Shares subject to the unexercised portions
                of such
                outstanding Options an appropriate number of shares of each class
                of
                shares or other securities of the successor company (or a parent
                or
                Subsidiary of the successor company) which were distributed to the
                shareholders of the Company in respect of such shares, and appropriate
                adjustments shall be made in the purchase price per share to reflect
                such
                action, all as will be determined by the Committee whose determination
                shall be final.

            

    

     

    
      	
               

            	
              8.2

            	
              Notwithstanding
                the above and subject to any applicable law, the Board or the Committee
                shall have full power and authority to determine that in certain
                Option
                Agreements there shall be a clause instructing that if in any such
                transaction as described in section 8.1 above, the successor corporation
                does not agree to assume the Options, the Vesting Dates shall be
                accelerated .

            

    

     

    
      	
               

            	
              8.3

            	
              If
                the Company is liquidated or dissolved while unexercised Options
                remain
                outstanding under the Option Plan, then all such outstanding Options
                may
                be exercised in full by the Optionees as of the effective date of
                any such
                liquidation or dissolution of the Company without regard to the
                installment exercise provisions of Paragraph 9(2), by the Optionees
                giving
                notice in writing to the Company of their intention to so
                exercise.

            

    

     

    
      	
               

            	
              8.4

            	
              If
                the outstanding shares of the Company shall at anytime be changed
                or
                exchanged by declaration of a stock dividend (bonus shares), stock
                split,
                combination or exchange of shares, recapitalization, or any other
                like
                event by or of the Company, and as often as the same shall occur,
                then the
                number, class and kind of Shares subject to this Option Plan or subject
                to
                any Options therefore granted, and the Option prices, shall be
                appropriately and equitably adjusted so as to maintain the proportionate
                number of Shares without changing the aggregate Option price, provided,
                however, that no adjustment shall be made by reason of the distribution
                of
                subscription rights (rights offering) on outstanding stock. Upon
                happening
                of any of the foregoing, the class and aggregate number of Shares
                issuable
                pursuant to the Option Plan (as set forth in paragraph 6 hereof),
                in
                respect of which Options have not yet been exercised, shall be
                appropriately adjusted, all as will be determined by the Board whose
                determination shall be final.

            

    

     

    
      
        
        

      

      
        16

        
          

        

      

      
        
        

      

    

     

    Final

    

    
      	
               

            	
              8.5

            	
              Anything
                herein to the contrary notwithstanding, if prior to the completion
                of an
                initial public offering of the Company’s securities (“IPO”),
                all or substantially all of the shares of the Company are to be sold,
                or
                upon a merger or reorganization or the like, the shares of the Company,
                or
                any class thereof, are to be exchanged for securities of another
                Company,
                then in such event, each Optionee shall be obliged to sell or exchange,
                as
                the case may be, the Shares such Optionee purchased under the Option
                Plan,
                in accordance with the instructions then issued by the Board whose
                determination shall be final.

            

    

     

    
      	
              9.

            	
              TERM
                AND EXERCISE OF OPTIONS

            

    

     

    
      	
               

            	
              9.1

            	
              Options
                shall be exercised by the Optionee by giving written notice to the
                Company, in such form and method as may be determined by the Company
                and
                the Trustee in accordance with the requirements of Section 102, which
                exercise shall be effective upon receipt of such notice by the Company
                at
                its principal office. The notice shall specify the number of Shares
                with
                respect to which the Option is being
                exercised.

            

    

     

    
      	
               

            	
              9.2

            	
              Each
                Option granted under this Option Plan shall be exercisable following
                the
                exercise dates and for the number of Shares as shall be provided
                in
                Exhibit B to the Option agreement. However no Option shall be exercisable
                after the Expiration Date, as defined for each Optionee in the Optionee’s
                Option agreement.

            

    

     

    
      	
               

            	
              9.3

            	
              Options
                granted under the Option Plan shall not be transferable by Optionees
                other
                than by will or laws of descent and distribution, and during an Optionee’s
                lifetime shall be exercisable only by that
                Optionee.

            

    

     

    
      	
               

            	
              9.4

            	
              The
                Options may be exercised by the Optionee in whole at any time or
                in part
                from time to time, to the extent that the Options become prior to
                the
                Expiration Date, and provided that, subject to the provisions of
                Section
                9.6 below, the Optionee is an employee of the Company or a Subsidiary
                of
                the Company or a company or a Parent or a subsidiary company of such
                company issuing or assuming the Options in a transaction described
                in
                section 7.1 of the Agreement, at all times during the period beginning
                with the granting of the Option and ending upon the date of
                exercise.

            

    

     

    
      	
               

            	
              9.5

            	
              Subject
                to the provisions of Section 9.6 below, in the event of termination
                of
                Optionee’s employment with the Company or a Subsidiary of the Company or a
                company or a Parent or a subsidiary company of such company issuing
                or
                assuming the Options in a transaction described in section 7.1 of
                the
                Agreement , all Options granted to him will immediately be expired.
                A
                notice of termination of employment shall be deemed to constitute
                termination of employment.

            

    

     

    
      	
               

            	
              9.6

            	
              Notwithstanding
                anything to the contrary hereinabove, an Option may be exercised
                after the
                date of termination of Optionee’s employment with the Company or any
                Subsidiary of the Company thereof or a company or a Parent or a subsidiary
                company of such company issuing or assuming the Options in a transaction
                described in section 7.1 of the Agreement during an additional period
                of
                time beyond the date of such termination, but only with respect to
                the
                number of Options already vested at the time of such termination
                according
                to the Vesting Dates if:

            

    

     

    
      
        
        

      

      
        17

        
          

        

      

      
        
        

      

    

     

    Final

     

    
      
        	
              	9.6.1	
                Termination
                  is without Cause (as defined below), in which event any Options
                  still in
                  force and unexpired may be exercised within a period of ninety
                  (90) days
                  from the date of such
                  termination.

              

      

    

     

    
      
        	
              	9.6.2	
                Termination
                  is the result of death or disability of the Optionee, in which
                  event any
                  Options still in force and unexpired may be exercised within a
                  period of
                  twelve (12) months from the date of
                  termination.

              

      

    

     

    
      
        	
              	9.6.3	
                Prior
                  to the date of such termination, the Committee shall authorize
                  an
                  extension of the terms of all or part of the Options beyond the
                  date of
                  such termination for a period not to exceed the period during which
                  the
                  Options by their terms would otherwise have been
                  exercisable.

              

      

    

     

    The
      term
“Cause”
      shall
      mean for the purposes of the Plan: (i) conviction of any felony involving moral
      turpitude or affecting the Company; (ii) any refusal to carry out a reasonable
      directive of the CEO which involves the business of the Company or its
      affiliates and was capable of being lawfully performed; (iii) embezzlement
      of
      funds of the Company or its affiliates; (iv) any breach of the Optionee’s
      fiduciary duties or duties of care of the Company; including without limitation
      disclosure of confidential information of the Company; and (v) any conduct
      (other than conduct in good faith) reasonably determined by the Board of
      Directors to be materially detrimental to the Company.

     

    The
      term
“parent”
      shall
      mean for the purposes of the Plan: any company (other than the Company) in
      an
      unbroken chain of companies ending with the Company if, at the time of granting
      an Option, each of the companies (other than the Company), owns stock possessing
      fifty percent (50%) or more of total combined voting power of all classes of
      stock in one of the other companies in such chain.

     

    
      	
               

            	
              9.7

            	
              To
                avoid doubt, the holders of Options shall not have any of the rights
                or
                privileges of shareholders of the Company in respect of any Shares
                purchasable upon the exercise of any part of an Option, nor shall
                they be
                deemed to be a class of shareholders or creditors of the Company
                for
                purpose of the operation of section 233 of the Companies Ordinance
                or any
                successor to such section, until registration of the Optionee as
                holder of
                such Shares in the Company’s register of members upon exercise of the
                Option in accordance with the provisions of this
                Plan.

            

    

     

    
      	
               

            	
              9.8

            	
              Any
                form of Option agreement authorized by the Option Plan may contain
                such
                other provisions as the Committee may, from time to time, deem advisable.
                Without limiting the foregoing, the Committee may, with the consent
                of the
                Optionee, from time to time cancel all or any portion of any Option
                then
                subject to exercise, and the Company’s obligation in respect of such
                Option may be discharged by (i) payment to the Optionee of an amount
                in
                cash equal to the excess, if any, of the Fair Market Value of the
                Shares
                at the date of such cancellation subject to the portion of the Option
                so
                canceled over the aggregate purchase price of such Shares, (ii) the
                issuance or transfer to the Optionee of Shares of the Company with
                a Fair
                Market Value at the date of such transfer equal to any such excess,
                or
                (iii) a combination of cash and shares with a combined value equal
                to any
                such excess, all as determined by the Committee in its sole
                discretion.

            

    

     

    
      
        
        

      

      
        18

        
          

        

      

      
        
        

      

    

     

    Final

     

    
      	
              10.

            	
              SHARES
                SUBJECT TO RIGHT OF FIRST
                REFUSAL

            

    

     

    
      
        	
              	10.1	
                Notwithstanding
                  anything to the contrary in the Articles of Association of the
                  Company,
                  none of the Optionees shall have a right of first refusal in relation
                  with
                  any sale of shares in the
                  Company.

              

      

    

     

    
      
        	
              	10.2	
                Sale
                  of shares by the Optionees shall be subject to the right of first
                  refusal
                  of other shareholders as set forth in the Articles of Association
                  of the
                  Company. In the event that the Articles of Association of the Company
                  shall not contain any provision regarding rights of first refusal,
                  then,
                  unless otherwise provided by the Board, until such time as the
                  Company
                  shall effectuate an IPO, the sale of Shares issuable upon exercise
                  of an
                  Option, shall be subject to a right of first refusal on the part
                  of the
                  Repurchaser(s). Repurchaser(s) means (i) the company, if permitted
                  by
                  applicable laws; (ii) if the company is not permitted by applicable
                  laws ,
                  then any affiliate or Subsidiary of the company designated by a
                  unanimous
                  decision is reached by the Board of Directors ; or ( iii) if no
                  unanimous
                  decision is reached by the Board of Directors , then the company
                  existing
                  shareholders (save, for avoidance of doubt , for other optionee
                  who
                  already exercised their options), pro rate in accordance with their
                  shareholding. The optionee shall give a notice of sale (the “Notice) to
                  the Company in order to offer the Shares to the
                  Repurchaser(s).

              

      

    

     

    The
      notice shall specify the name of each proposed purchaser or other Transferee
      (
“Proposed
      Transferee”), the
      Number of Shares offered for sale, the price per Share and the payment terms.
      The Repurchaser(s) will be entitled for 30 days from the day of receipt of
      the
      Notice (“the
      30 Days Period”), to
      purchase all or part of the offered Shares. If by the end of the 30 Days Period
      not all of the offered Shares have been purchased by the Repurchaser(s), the
      Optionee will be entitled to sell such Shares at any time during the 90 days
      following the end of the 30 Days Period on terms not more favorable than those
      set out in the Notice, provided that the proposed Transferee agrees in writing
      that the provisions of this section shall continue to apply to the affered
      shares by giving a written notice with repard to the above.

     

    
      	
              11.

            	
              DIVIDENDS

            

    

     

    With
      respect to all Shares (in contrary to unexercised Options) issued upon the
      exercise of Options purchased by the Optionee and held by the Trustee, the
      Optionee shall be entitled to receive dividends in accordance with the quantity
      of such Shares, and subject to taxation according to the applicable law . During
      the period in which Shares issued to the Trustee on behalf of an Optionee are
      held by the Trustee, the cash dividends paid with respect thereto shall be
      paid
      directly to the Optionee - subject to the payment/withholding of the relevant
      tax.

     

    
      	
              12.

            	
              ASSIGNABILITY
                AND SALE OF OPTIONS

            

    

     

    No
      Option, purchasable hereunder, whether fully paid or not, shall be assignable,
      transferable or given as collateral or any right with respect to them given
      to
      any third

     

    
      
        
        

      

      
        19

        
          

        

      

      
        
        

      

    

    

      Final

       

      party
        whatsoever, and during the lifetime of the Optionee each and all of such
        Optionee's rights
        to
        purchase Shares hereunder shall be exercisable only by the
        Optionee.

       

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

       

      
        	
                13.

              	
                TERM
                  OF THE OPTION PLAN

              

      

       

      The
        Option Plan shall be effective as of the day it was adopted by the Board
        and
        shall terminate at the end of ten years from such day of adoption.

       

      
        	
                14.

              	
                AMENDMENTS
                  OR TERMINATION

              

      

       

      The
        Board
        may at any time , but after consultation with the Trustee, amend, altersuspend
        or terminate the Plan. No amendment , alteration , suspension or termination
        of
        the Plan shall impair the rights of any optionee, unless mutually agreed
        otherwise between the Optionee and the Committee, which agreement must be
        in
        writing and signed by the Optionee and the Company. Termination of the Plan
        shall not affect the Committee's ability to exercise the powers granted to
        it
        hereunder with respect to Options granted under the Plan prior to the date
        of
        such termination.

       

      
        	
                15.

              	
                GOVERNMENT
                  REGULATIONS

              

      

       

      The
        Option Plan, and the granting and exercise of Options hereunder, and the
        obligation of the Company to sell and deliver Shares under such Options,
        shall
        be subject to all applicable laws, rules, and regulations, whether of the
        State
        of Israel or of the United States or any other State having jurisdiction
        over
        the Company and the Optionee, including the registration of the Shares under
        the
        United States Securities Act of 1933, and to such approvals by any governmental
        agencies or national securities exchanges as may be required.

       

      
        	
                16.

              	
                CONTINUANCE
                  OF EMPLOYMENT

              

      

       

      Neither
        the Option Plan nor the Option agreement with the Optionee shall impose any
        obligation on the Company or a Subsidiary thereof, to continue any Optionee
        in
        its employ, and nothing in the Option Plan or in any Option granted pursuant
        thereto shall confer upon any Optionee any right to continue in the employ
        of
        the Company or a Subsidiary thereof or restrict the right of the Company
        or a
        Subsidiary thereof to terminate such employment at any time.

       

      
        	
                17.

              	
                GOVERNING
                  LAW & JURISDICTION

              

      

       

      This
        Option Plan shall be governed by and construed and enforced in accordance
        with
        the laws
        of
        the State of Israel applicable to contracts made and to be performed therein,
        without giving effect to the principles of conflict of laws. The competent
        courts of Tel-Aviv,
        Israel shall have sole jurisdiction in any matters pertaining to this Option
        Plan.

      
        
          
          

        

        
          20

          
            

          

        

        
          
          

        

      

    

    Final

     

    
      	
              18.

            	
              TAX
                CONSEQUENCES

            

    

     

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

     

    The
      Committee and/or the Trustee shall not be required to release any Share
      certificate to an Optionee until all required payments have been fully
      made.

     

    
      	
              19.

            	
              NON-EXCLUSIVITY
                OF THE OPTION PLAN

            

    

    

    The
      adoption of the Option Plan by the Board shall not be construed as amending,
      modifying or rescinding any previously approved incentive arrangements or as
      creating any limitations on the power of the Board to adopt such other incentive
      arrangements as it may deem desirable, including, without limitation, the
      granting of stock Options otherwise then under the Option Plan, and such
      arrangements may be either applicable generally or only in specific cases.
      For
      the avoidance of doubt, prior grant of options to employees of the Company
      under
      their employment agreements, and not in the framework of any previous option
      plan, shall not be deemed an approved incentive arrangement for the purpose
      of
      this Section.

     

    
      	
              20.

            	
              MULTIPLE
                AGREEMENTS

            

    

     

    The
      terms
      of each Option may differ from other Options granted under the Option Plan
      at
      the same time, or at any other time. The Committee may also grant more than
      one
      Option to a given Optionee during the term of the Option Plan, either in
      addition to, or in substitution for, one or more Options previously granted
      to
      that Optionee.

     

    
      
        
        

      

      
        21

        
          

        

      

      
        
        

      

    

     

    Final

    

    EXHIBIT
      B

    

    Terms
      of the Options

    

    
      	
              Name
                of the Optionee:

            	
               

            
	
               

            	
               

            
	
              Date
                of Grant:

            	
               

            
	
               

            	
               

            
	
              1. Number
                of Options granted:

            	
               

            
	
               

            	
               

            
	
              2. Price
                per Share:

            	
               

            
	
               

            	
               

            
	
              3.
                Vesting schedule:

            	
               

            
	
               

            	
               

            
	
              %
                of Options

            	
              Vesting
                Date

            
	
              50%

            	
               

            
	
              25%

            	
               

            
	
              25%

            	
               

            
	
               

            	
               

            
	
              4.
                Expiration Date:

            	
               

            
	
               

            	
               

            
	
               

            	
               

            
	
               

            	
               

            
	
               

            	
              Employee

            

    

     

    
      
        
        

      

      
        22

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00135-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00135-of-00352.parquet"}]]