Document:

Exhibit
10.1

     

    THIS
PROMISSORY NOTE AND THE SECURITIES ISSUABLE UPON EXERCISE OF THIS PROMISSORY
NOTE HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE
“ACT”), OR QUALIFIED
UNDER ANY STATE OR FOREIGN SECURITIES LAWS AND MAY NOT BE OFFERED FOR SALE,
SOLD, PLEDGED, HYPOTHECATED OR OTHERWISE TRANSFERRED OR ASSIGNED UNLESS (I) A
REGISTRATION STATEMENT COVERING SUCH SHARES IS EFFECTIVE UNDER THE ACT AND IS
QUALIFIED UNDER APPLICABLE STATE AND FOREIGN LAW OR (II) THE TRANSACTION IS
EXEMPT FROM THE REGISTRATION AND PROSPECTUS DELIVERY REQUIREMENTS UNDER THE ACT
AND THE QUALIFICATION REQUIREMENTS UNDER APPLICABLE STATE AND FOREIGN LAW AND,
IF THE CORPORATION REQUESTS, AN OPINION SATISFACTORY TO THE CORPORATION TO SUCH
EFFECT HAS BEEN RENDERED BY COUNSEL.

    

    PROMISSORY
NOTE

    

    
      	
              $35,000

            	
              December
      27, 2010

            

    

    

    1.           Promise to
Repay.  Israel Growth Partners Acquisition Corp., a Delaware
corporation (“Borrower”), promises to pay to
Moorland Lane Partners, LLC, a Delaware limited liability company, or its
permitted assigns (“Lender”), the principal sum of
THIRTY-FIVE THOUSAND DOLLARS ($35,000) (the “Principal”) together with
interest thereon at the rate hereinafter specified and any and all other sums
which may be due and owing to the Lender in accordance with the terms contained
herein as repayment of this Promissory Note (the “Note”). As a condition
precedent to any obligation of the Borrower hereunder, Lender shall deliver to
Borrower in cash, certified check payable to Borrower or liquid funds wired to
an account specified by Borrower, the entire amount of the
Principal.

    

    2.           Interest; Penalty
Interest.  Interest on this Note shall accrue from the date
hereof at a rate per annum equal to six percent (6%).  Notwithstanding
any other provision contained in this Note, the maximum rate of interest
hereunder at any time shall not exceed the maximum rate then permitted by
law.  All accrued interest shall be due on the first to occur of: (i)
the Maturity Date (as defined below); or (ii) the repayment in whole or in part
of the principal amount of this Note.  During an Event of Default (as
defined in Section
6), the interest rate applicable to the then outstanding balance shall be
twelve percent (12%).

    

    3.           Calculation of
Interest.  Interest on the unpaid principal amount of this Note
shall be calculated on the basis of a 360-day per year factor applied to the
actual days on which there exists an unpaid principal balance due under this
Note.

    

    4.           Maturity.  The
principal balance of this Note, together with all then unpaid and accrued
interest, shall be due and payable in full on twenty-four (24) months from its
issuance (the “Maturity
Date”).  If payment is not made by the Maturity Date, the
Borrower shall have five (5) business days from the date of such notification to
make full payment (the “Cure
Period”).

    
      
         

      

      
        
        

        
          

        

      

      
         

      

    

    

    5.           Prepayment;
Payment.  The Borrower may prepay this Note, together with all
then unpaid and accrued interest, in whole or in part at any time or from time
to time without penalty or additional interest.  Any prepayment will
be applied pro rata to the outstanding balances due under the
Note.  Payments will be applied first to interest due and payable at
the time of payment and then to principal.  Payments of interest must
be made in such coin or currency of the United States of America as at the time
of payment is legal tender of the payment of public and private debts or by wire
transfer to an account specified by Lender at least 10 days prior to the
Maturity Date or by certified check made payable to the Lender. Payments
received after 5:00 p.m. New York time will be treated as being received on the
next banking day.  If any interest is paid on this Note that is deemed
to exceed the then-legal maximum rate, that portion of the interest payment
representing an amount in excess of the then-legal maximum rate will be deemed a
payment of principal and applied to the principal balance of this
Note.

     

    6.           Default and
Remedies.  If there shall be any Event of Default hereunder (as
defined below), at the option and upon the declaration of the Lender, this Note
shall accelerate and all principal and unpaid accrued interest shall become due
and payable.  The occurrence of any one or more of the following prior
to repayment in full or conversion, whichever comes first, shall constitute an
“Event of
Default”:

     

    (a)           if
the full amount due under the Note, including outstanding principal, accrued and
unpaid interest and all other sums due thereunder, is not received prior to the
date when due;

     

    (b)           the
Borrower fails to discharge a material judgment rendered against the Borrower
within thirty (30) days;

     

     (c)           the
Borrower files any petition or action for relief under any bankruptcy,
reorganization, insolvency or moratorium law or any other law for the relief of,
or relating to, debtors, now or hereafter in effect, or makes any assignment for
the benefit of creditors or takes any corporate action in furtherance of any of
the foregoing; or

     

     (e)           an
involuntary petition is filed against the Borrower by a third party (unless such
petition is dismissed or discharged within sixty (60) days) under any bankruptcy
statute now or hereafter in effect, or a custodian, receiver, trustee, assignee
for the benefit of creditors (or other similar official) is appointed to take
possession, custody or control of any property of the Borrower.

    

    7.           Costs of
Collection.  If at any time the indebtedness evidenced by this
Note is collected through legal proceedings or this Note is placed in the hands
of an attorney or attorneys for collection, Borrower hereby agrees to pay all
costs and expenses of collection (including reasonable attorneys’ fees) incurred
by the Lender in collecting or attempting to collect such
indebtedness.

    
      
         

      

      
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    8.           Governing
Law.  This Note shall be governed by and construed under the
laws of Delaware as applied to agreements among Delaware residents made and to
be performed entirely within the state, without giving effect to conflicts of
laws principles. The parties hereby covenant and agree that any action brought
to enforce the terms of this Note shall be located in the state or federal
courts located in the State of Maryland.  The parties hereby consent
to the jurisdiction of such courts and waive any defense of an inconvenient
forum and any right of jurisdiction on account of the place of residence or
domicile.  THE BORROWER HEREBY WAIVES ANY AND ALL RIGHTS TO A TRIAL BY
JURY IN ANY ACTION, SUIT OR PROCEEDING RELATING TO SUCH MATTERS.

    

    9.           No
Waiver.  The delay or failure of Lender to exercise its rights
hereunder shall not be deemed a waiver thereof.  No waiver of any
rights of the Lender shall be effective unless in writing and signed by the
Lender and any waiver of any right shall not apply to any other right or to such
right in any subsequent event or circumstance not specifically included in such
waiver.

    

    10.         Notices.  All
notices required or permitted hereunder shall be in writing and shall be deemed
effectively given: (a) upon personal delivery to the party to be notified, (b)
five (5) days after having been sent by registered or certified mail, return
receipt requested, postage prepaid, or (c) one (1) day after deposit with a
nationally recognized overnight courier, specifying next-day delivery, with
written verification of receipt. All communications to the Company or the Holder
shall be sent to 4808 Moorland Lane, Suite 109, Bethesda, MD 20814, or to such
other address as the Company or Holder may designate by ten (10) days advance
written notice to the other parties hereto.

     

    [SIGNATURE
PAGE FOLLOWS]

    
      
         

      

      
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    IN WITNESS WHEREOF, the
Borrower has caused this Note to be executed on its behalf by its duly
authorized officer as of the day and year first above written.

    

    
      
        	 
      	
                ISRAEL
      GROWTH PARTNERS 

                ACQUISITION
      CORP.

              
	 
      	 
      
	 
      	
                By:

              	
                /s/ Craig Samuels

              
	 
      	
                Name:
      Craig Samuels

              
	 
      	
                Title:
      President and Chief Executive
Officer

              

      

    

    
      
         

      

      
        4Exhibit
10.2

     

    THIS
WARRANT AND THE SECURITIES ISSUABLE UPON EXERCISE OF THIS WARRANT HAVE NOT BEEN
REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE “ACT”), OR QUALIFIED UNDER ANY
STATE OR FOREIGN SECURITIES LAWS AND MAY NOT BE OFFERED FOR SALE, SOLD, PLEDGED,
HYPOTHECATED OR OTHERWISE TRANSFERRED OR ASSIGNED UNLESS (I) A REGISTRATION
STATEMENT COVERING SUCH SHARES IS EFFECTIVE UNDER THE ACT AND IS QUALIFIED UNDER
APPLICABLE STATE AND FOREIGN LAW OR (II) THE TRANSACTION IS EXEMPT FROM THE
REGISTRATION AND PROSPECTUS DELIVERY REQUIREMENTS UNDER THE ACT AND THE
QUALIFICATION REQUIREMENTS UNDER APPLICABLE STATE AND FOREIGN LAW AND, IF THE
CORPORATION REQUESTS, AN OPINION SATISFACTORY TO THE CORPORATION TO SUCH EFFECT
HAS BEEN RENDERED BY COUNSEL.

     

    
      
        

      

    

     

    ISRAEL
GROWTH PARTNERS ACQUISITION CORP.

     

    WARRANT

     

    Warrant
Certificate No.: IG-2010-01

     

    Original
Issue Date: December 27, 2010

     

    FOR VALUE
RECEIVED, Israel Growth Partners Acquisition Corp., a Delaware corporation (the
“Company”), hereby
certifies that Moorland Lane Partners, LLC, a Delaware limited liability
company, or its registered assigns (the “Holder”), is entitled to
purchase from the Company SIXTEEN MILLION (16,000,000) duly authorized, validly
issued, fully paid and nonassessable shares of Common Stock at a purchase price
per share of $0.02 (subject to adjustment as provided herein, the “Exercise Price”), all subject
to the terms, conditions and adjustments set forth below in this Warrant.
Certain capitalized terms used herein are defined in 1 hereof.

     

    1.           Definitions. As used
in this Warrant, the following terms have the respective meanings set forth
below: 

     

    “Aggregate Exercise
Price” means an amount equal to the product of (a) the number of
Warrant Shares in respect of which this Warrant is then being exercised pursuant
to Section 3 hereof, multiplied by (b)
the Exercise Price in effect as of the Exercise Date in accordance with the
terms of this Warrant.

     

    “Board” means the board of
directors of the Company.

    
      
         

      

      
         

        
          

        

      

      
         

      

    

     

    “Business Day” means any
day, except a Saturday, Sunday or legal holiday, on which banking institutions
in the New York City are authorized or obligated by law or executive order to
close.

     

    “Common Stock” means the
common stock, par value $.0001 per share, of the Company, and any capital stock
into which such Common Stock shall have been converted, exchanged or
reclassified following the date hereof.

     

    “Company” has the meaning
set forth in the preamble.

     

    “Convertible Securities” means
any securities (directly or indirectly) convertible into or exchangeable for
Common Stock, but excluding Options.

     

    “Exercise Date” means, for
any given exercise of this Warrant, the date on which the conditions to such
exercise as set forth in Section 3 shall have been satisfied at
or prior to 5:00 p.m., Eastern time, on a Business Day, including, without
limitation, the receipt by the Company of the Exercise Agreement, the Warrant
and the Aggregate Exercise Price.

     

    “Exercise Agreement” has
the meaning set forth in Section 3(a)(i).

     

    “Exercise Period” has the
meaning set forth in Section
2.

     

    “Exercise Price” has the
meaning set forth in the preamble.

     

    “Fair Market Value” means,
as of any particular date, the volume-weighted average of the closing bid prices
of the Common Stock quoted on Nasdaq, the OTC Bulletin Board, or similar
quotation system or association  for the five (5) consecutive Business
Days preceding the date on which “Fair Market Value” is being determined (each
such date, a “Quote
Date”); provided, however, that if no
closing bid price for the Company’s Common Stock was quoted on a given Quote
Date, then the closing bid price for such Quote Date shall, solely for the
purpose of determining “Fair Market Value,” be deemed to be the closing bid
price of the Common Stock quoted on Nasdaq, the OTC Bulletin Board, or similar
quotation system or association on the most recent date preceding such Quote
Date during which a closing bid price was quoted.  If at any time the
Common Stock is not listed on any domestic securities exchange or quoted on
Nasdaq, the OTC Bulletin Board, or similar quotation system or association, the
“Fair Market Value” of the Common Stock shall be the fair market value per share
as determined jointly by the Board and the Holder.

     

    “Holder” has the meaning
set forth in the preamble.

     

    “Original Issue
Date” means December 27, 2010.

     

    “Nasdaq” means The Nasdaq
Stock Market, Inc.

    
      
         

      

      
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    “Options” means any warrants or
other rights or options to subscribe for or purchase Common Stock or Convertible
Securities.

     

    “OTC Bulletin Board” means
the National Association of Securities Dealers, Inc. OTC Bulletin
Board.

     

    “Person” means any
individual, sole proprietorship, partnership, limited liability company,
corporation, joint venture, trust, incorporated organization or government or
department or agency thereof.

     

    “Warrant” means this
Warrant and all warrants issued upon division or combination of, or in
substitution for, this Warrant.

     

    “Warrant Shares” means the
shares of Common Stock or other capital stock of the Company then purchasable
upon exercise of this Warrant in accordance with the terms of this
Warrant.

     

    2.           Term of Warrant.
Subject to the terms and conditions hereof, at any time or from time to time
after the date hereof and prior to 5:00 p.m., Eastern time, on the fifth
anniversary of the date hereof or, if such day is not a Business Day, on the
next preceding Business Day (the “Exercise Period”), the Holder
of this Warrant may exercise this Warrant for all or any part of the Warrant
Shares purchasable hereunder (subject to adjustment as provided herein).

     

    3.           Exercise of
Warrant.

     

    (a)           Exercise Procedure. This
Warrant may be exercised from time to time on any Business Day during the
Exercise Period, for all or any part of the unexercised Warrant Shares,
upon:

     

    (i)           surrender
of this Warrant to the Company at its then principal executive offices (or an
indemnification undertaking with respect to this Warrant in the case of its
loss, theft or destruction), together with an Exercise Agreement in the form
attached hereto as Exhibit
A (each, an “Exercise
Agreement”), duly completed (including specifying the number of Warrant
Shares to be purchased) and executed; and

     

    (ii)           payment
to the Company of the Aggregate Exercise Price in accordance with Section 3(b).

     

    (b)           Payment of the Aggregate Exercise
Price. Payment of the Aggregate Exercise Price shall be made, at the
option of the Holder as expressed in the Exercise Agreement, by the following
methods: 

     

    (i)           by
delivery to the Company of a certified or official bank check payable to the
order of the Company or by wire transfer of immediately available funds to an
account designated in writing by the Company, in the amount of such Aggregate
Exercise Price;

    
      
         

      

      
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    (ii)           by
instructing the Company to withhold a number of Warrant Shares then issuable
upon exercise of this Warrant with an aggregate Fair Market Value as of the
Exercise Date equal to such Aggregate Exercise Price;

     

    (iii)           by
surrendering to the Company (x) Warrant Shares previously acquired by the Holder
with an aggregate Fair Market Value as of the Exercise Date equal to such
Aggregate Exercise Price, and/or (y) other securities of the Company, including
but not limited to that certain Promissory Note issued by the Company to the
Holder on the date hereof (the “Note”), having a value as of
the Exercise Date equal to the Aggregate Exercise Price (which value in the case
of debt securities shall be the principal amount thereof plus accrued and unpaid
interest, in the case of preferred stock shall be the liquidation value thereof
plus accumulated and unpaid dividends and in the case of shares of Common Stock
shall be the Fair Market Value thereof); or

     

    (iv)           any
combination of the foregoing.

     

    In the
event of any withholding of Warrant Shares or surrender of other equity
securities pursuant to clause (ii), (iii) or (iv) above where the number of
shares whose value is equal to the Aggregate Exercise Price is not a whole
number, the number of shares withheld by or surrendered to the Company shall be
rounded up to the nearest whole share and the Company shall make a cash payment
to the Holder (by delivery of a certified or official bank check or by wire
transfer of immediately available funds) based on the incremental fraction of a
share being so withheld by or surrendered to the Company in an amount equal to
the product of (x) such incremental fraction of a share being so withheld or
surrendered multiplied by (y) in the case of Common Stock, the Fair Market Value
per Warrant Share as of the Exercise Date, and, in all other cases, the value
thereof as of the Exercise Date determined in accordance with clause (iii)(y)
above.

     

    (c)           Delivery of Stock
Certificates. Upon receipt by the Company of the Exercise Agreement,
surrender of this Warrant and payment of the Warrant Price (in accordance with
Section 3(a) hereof), the Company
shall, as promptly as practicable, and in any event within fifteen (15) Business
Days thereafter, execute (or cause to be executed) and deliver (or cause to be
delivered) to the Holder a certificate or certificates representing the Warrant
Shares issuable upon such exercise, together with cash in lieu of any fraction
of a share, as provided in Section 3(d) hereof. The stock
certificate or certificates so delivered shall be, to the extent possible, in
such denomination or denominations as the exercising Holder shall reasonably
request in the Exercise Agreement and shall be registered in the name of the
Holder or, subject to compliance with Section 5 below, such
other Person’s name as shall be designated in the Exercise Agreement. This
Warrant shall be deemed to have been exercised and such certificate or
certificates of Warrant Shares shall be deemed to have been issued, and the
Holder or any other Person so designated to be named therein shall be deemed to
have become a holder of record of such Warrant Shares for all purposes, as of
the Exercise Date.

    
      
         

      

      
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    (d)           Fractional Shares. The Company
shall not be required to issue a fractional Warrant Share upon exercise of any
Warrant. As to any fraction of a Warrant Share that the Holder would otherwise
be entitled to purchase upon such exercise, the Company shall pay to such Holder
an amount in cash (by delivery of a certified or official bank check or by wire
transfer of immediately available funds) equal to the product of (i) such
fraction multiplied by (ii) the Fair Market Value of one Warrant Share on the
Exercise Date.

     

    (e)           Delivery of New Warrant.
Unless the purchase rights represented by this Warrant shall have expired or
shall have been fully exercised, the Company shall, at the time of delivery of
the certificate or certificates representing the Warrant Shares being issued in
accordance with Section
3(c) hereof,
deliver to the Holder a new Warrant evidencing the rights of the Holder to
purchase the unexpired and unexercised Warrant Shares called for by this
Warrant. Such new Warrant shall in all other respects be identical to this
Warrant.

     

    (f)           Valid Issuance of Warrant and Warrant
Shares; Payment of Taxes. With respect to the exercise of this warrant,
the Company hereby represents, covenants and agrees:

     

    (i)           This
Warrant is, and any Warrant issued in substitution for or replacement of this
Warrant shall be, upon issuance, duly authorized and validly
issued.

     

    (ii)           All
Warrant Shares issuable upon the exercise of this Warrant pursuant to the terms
hereof shall be, upon issuance, and the Company shall take all such actions as
may be necessary or appropriate in order that such Warrant Shares are, validly
issued, fully paid and non-assessable, issued without violation of any
preemptive or similar rights of any stockholder of the Company and free and
clear of all taxes, liens and charges.

     

    (iii)           The
Company shall take all such actions as may be necessary to ensure that all such
Warrant Shares are issued without violation by the Company of any applicable law
or governmental regulation or any requirements of any domestic securities
exchange upon which shares of Common Stock or other securities constituting
Warrant Shares may be listed at the time of such exercise (except for official
notice of issuance which shall be immediately delivered by the Company upon each
such issuance).

     

    (iv)           The
Company shall use its best efforts to cause the Warrant Shares, immediately upon
such exercise, to be listed on any domestic securities exchange upon which
shares of Common Stock or other securities constituting Warrant Shares are
listed at the time of such exercise.

     

    (v)           The
Company shall pay all expenses in connection with, and all taxes and other
governmental charges that may be imposed with respect to, the issuance or
delivery of Warrant Shares upon exercise of this Warrant; provided, that the
Company shall not be required to pay any tax or governmental charge that may be
imposed with respect to any applicable withholding or the issuance or delivery
of the Warrant Shares to any Person other than the Holder, and no such issuance
or delivery shall be made unless and until the Person requesting such issuance
has paid to the Company the amount of any such tax, or has established to the
satisfaction of the Company that such tax has been paid.

    
      
         

      

      
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    (g)           Conditional Exercise.
Notwithstanding any other provision hereof, if an exercise of any portion of
this Warrant is to be made in connection with a public offering of any
securities of the Company or a sale of the Company or substantially all of the
Company’s assets (pursuant to a merger, sale of stock, or otherwise), such
exercise may at the election of the Holder be conditioned upon the consummation
of such transaction, in which case such exercise shall not be deemed to be
effective until immediately prior to the consummation of such
transaction.

     

    (h)           Reservation of Shares. During
the Exercise Period, the Company shall at all times reserve and keep available
out of its authorized but unissued Common Stock or other securities constituting
Warrant Shares, solely for the purpose of issuance upon the exercise of this
Warrant, the maximum number of Warrant Shares issuable upon the exercise of this
Warrant, and the par value per Warrant Share shall at all times be less than or
equal to the applicable Exercise Price. The Company shall not increase the par
value of any Warrant Shares receivable upon the exercise of this Warrant above
the Exercise Price then in effect, and shall take all such actions as may be
necessary or appropriate in order that the Company may validly and legally issue
fully paid and nonassessable shares of Common Stock upon the exercise of this
Warrant.

     

    4.           Adjustment to Exercise Price
and Number of Warrant Shares. In order to prevent dilution of the
purchase rights granted under this Warrant, the Exercise Price and the number of
Warrant Shares issuable upon exercise of this Warrant shall be subject to
adjustment from time to time as provided in this Section 4.

     

    (a)           Effect of Certain Events on
Adjustment to Exercise Price. Subject to the provisions of this Section 4(a), if the Company shall, at
any time or from time to time after the Original Issue Date, make or declare, or
fix a record date for the determination of holders of Common Stock entitled to
receive, a dividend or any other distribution payable in securities of the
Company (other than a dividend or distribution of shares of Common Stock or
Convertible Securities in respect of outstanding shares of Common Stock), cash
or other property, then, and in each such event, provision shall be made so that
the Holder shall receive upon exercise of the Warrant, in addition to the number
of Warrant Shares receivable thereupon, the kind and amount of securities of the
Company, cash or other property which the Holder would have been entitled to
receive had the Warrant been exercised in full into Warrant Shares on the date
of such event and had the Holder thereafter, during the period from the date of
such event to and including the Exercise Date, retained such securities, cash or
other property receivable by them as aforesaid during such period, giving
application to all adjustments called for during such period under this Section 4 with respect to the rights
of the Holder; provided, that no
such provision shall be made if the Holder receives, simultaneously with the
distribution to the holders of Common Stock, a dividend or other distribution of
such securities, cash or other property in an amount equal to the amount of such
securities, cash or other property as the Holder would have received if the
Warrant had been exercised in full into Warrant Shares on the date of such
event.

    
      
         

      

      
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    (b)           Adjustment to Exercise Price and
Warrant Shares Upon Dividend, Subdivision or Combination of Common Stock.
If the Company shall, at any time or from time to time after the Original Issue
Date, (i) pay a dividend or make any other distribution upon the Common Stock or
any other capital stock of the Company payable in shares of Common Stock or in
Options or Convertible Securities, or (ii) subdivide (by any stock split,
recapitalization or otherwise) its outstanding shares of Common Stock into a
greater number of shares, the Exercise Price in effect immediately prior to any
such dividend, distribution or subdivision shall be proportionately reduced and
the number of Warrant Shares issuable upon exercise of this Warrant shall be
proportionately increased. If the Company at any time combines (by combination,
reverse stock split or otherwise) its outstanding shares of Common Stock into a
smaller number of shares, the Exercise Price in effect immediately prior to such
combination shall be proportionately increased and the number of Warrant Shares
issuable upon exercise of this Warrant shall be proportionately decreased. Any
adjustment under this Section
4(b) shall
become effective at the close of business on the date the dividend, subdivision
or combination becomes effective. 

     

    (c)           Adjustment to Exercise Price and
Warrant Shares Upon Reorganization, Reclassification, Consolidation or
Merger. In the event of any (i) capital reorganization of the Company,
(ii) reclassification of the stock of the Company (other than a change in par
value or from par value to no par value or from no par value to par value or as
a result of a stock dividend or subdivision, split-up or combination of shares),
(iii) consolidation or merger of the Company with or into another Person, (iv)
sale of all or substantially all of the Company’s assets to another Person or
(v) other similar transaction (other than any such transaction covered by Section 4(b)), in each case which
entitles the holders of Common Stock to receive (either directly or upon
subsequent liquidation) stock, securities or assets with respect to or in
exchange for Common Stock, each Warrant shall, immediately after such
reorganization, reclassification, consolidation, merger, sale or similar
transaction, remain outstanding and shall thereafter, in lieu of or in addition
to (as the case may be) the number of Warrant Shares then exercisable under this
Warrant, be exercisable for the kind and number of shares of stock or other
securities or assets of the Company or of the successor Person resulting from
such transaction to which the Holder would have been entitled upon such
reorganization, reclassification, consolidation, merger, sale or similar
transaction if the Holder had exercised this Warrant in full immediately prior
to the time of such reorganization, reclassification, consolidation, merger,
sale or similar transaction and acquired the applicable number of Warrant Shares
then issuable hereunder as a result of such exercise (without taking into
account any limitations or restrictions on the exercisability of this Warrant);
and, in such case, appropriate adjustment (in form and substance satisfactory to
the Holder) shall be made with respect to the Holder’s rights under this Warrant
to insure that the provisions of this Section 4 hereof shall thereafter be
applicable, as nearly as possible, to this Warrant in relation to any shares of
stock, securities or assets thereafter acquirable upon exercise of this Warrant
(including, in the case of any consolidation, merger, sale or similar
transaction in which the successor or purchasing Person is other than the
Company, an immediate adjustment in the Exercise Price to the value per share
for the Common Stock reflected by the terms of such consolidation, merger, sale
or similar transaction, and a corresponding immediate adjustment to the number
of Warrant Shares acquirable upon exercise of this Warrant without regard to any
limitations or restrictions on exercise, if the value so reflected is less than
the Exercise Price in effect immediately prior to such consolidation, merger,
sale or similar transaction). The provisions of this Section 4(c) shall similarly apply to
successive reorganizations, reclassifications, consolidations, mergers, sales or
similar transactions. The Company shall not effect any such reorganization,
reclassification, consolidation, merger, sale or similar transaction unless,
prior to the consummation thereof, the successor Person (if other than the
Company) resulting from such reorganization, reclassification, consolidation,
merger, sale or similar transaction, shall assume, by written instrument
substantially similar in form and substance to this Warrant and satisfactory to
the Holder, the obligation to deliver to the Holder such shares of stock,
securities or assets which, in accordance with the foregoing provisions, such
Holder shall be entitled to receive upon exercise of this Warrant.
Notwithstanding anything to the contrary contained herein, with respect to any
corporate event or other transaction contemplated by the provisions of this
Section 4(c), the Holder shall have
the right to elect prior to the consummation of such event or transaction, to
give effect to the exercise rights contained in Section 2 instead of giving effect to
the provisions contained in this Section 4(c) with respect to this
Warrant. 

    
      
         

      

      
        7

        
          

        

      

      
         

      

    

     

    (d)           Certificate as to
Adjustment.

     

    (i)           As
promptly as reasonably practicable following any adjustment of the Exercise
Price, but in any event not later than fifteen (15) Business Days thereafter,
the Company shall furnish to the Holder a certificate of an executive officer
setting forth in reasonable detail such adjustment and the facts upon which it
is based and certifying the calculation thereof.

     

    (ii)           As
promptly as reasonably practicable following the receipt by the Company of a
written request by the Holder, but in any event not later than ten (10) Business
Days thereafter, the Company shall furnish to the Holder a certificate of an
executive officer certifying the Exercise Price then in effect and the number of
Warrant Shares or the amount, if any, of other shares of stock, securities or
assets then issuable upon exercise of the Warrant.

     

    (e)           Notices. In the
event:

     

    (i)           that
the Company shall take a record of the holders of its Common Stock (or other
capital stock or securities at the time issuable upon exercise of the Warrant)
for the purpose of entitling or enabling them to receive any dividend or other
distribution, to vote at a meeting (or by written consent), to receive any right
to subscribe for or purchase any shares of capital stock of any class or any
other securities, or to receive any other security; or

    
      
         

      

      
        8

        
          

        

      

      
         

      

    

     

    (ii)           of
any capital reorganization of the Company, any reclassification of the Common
Stock of the Company, any consolidation or merger of the Company with or into
another Person, or sale of all or substantially all of the Company’s assets to
another Person; or

     

    (iii)           of
the voluntary or involuntary dissolution, liquidation or winding-up of the
Company;

     

     then,
and in each such case, the Company shall send or cause to be sent to the Holder
at least ten (10) days prior to the applicable record date or the applicable
expected effective date, as the case may be, for the event, a written notice
specifying, as the case may be, (A) the record date for such dividend,
distribution, meeting or consent or other right or action, and a description of
such dividend, distribution or other right or action to be taken at such meeting
or by written consent, or (B) the effective date on which such reorganization,
reclassification, consolidation, merger, sale, dissolution, liquidation or
winding-up is proposed to take place, and the date, if any is to be fixed, as of
which the books of the Company shall close or a record shall be taken with
respect to which the holders of record of Common Stock (or such other capital
stock or securities at the time issuable upon exercise of the Warrant) shall be
entitled to exchange their shares of Common Stock (or such other capital stock
or securities) for securities or other property deliverable upon such
reorganization, reclassification, consolidation, merger, sale, dissolution,
liquidation or winding-up, and the amount per share and character of such
exchange applicable to the Warrant and the Warrant Shares.

     

    5.           Transfer of Warrant.
Subject to the transfer conditions referred to in the legend endorsed hereon and
the other terms and conditions set forth herein, this Warrant and all rights
hereunder are transferable, in whole or in part, by the Holder without charge to
the Holder, upon surrender of this Warrant to the Company at its then principal
executive offices with a properly completed and duly executed Assignment in the
form attached hereto as Exhibit
B, together with funds sufficient to pay any transfer taxes described in
Section 3(f)(v) in
connection with the making of such transfer. Upon such compliance, surrender and
delivery and, if required, such payment, the Company shall execute and deliver a
new Warrant or Warrants in the name of the assignee or assignees and in the
denominations specified in such instrument of assignment, and shall issue to the
assignor a new Warrant evidencing the portion of this Warrant, if any, not so
assigned and this Warrant shall promptly be cancelled. 

     

    6.           Holder Not Deemed a
Stockholder; Limitations on Liability. Except as otherwise specifically
provided herein, prior to the issuance to the Holder of the Warrant Shares to
which the Holder is then entitled to receive upon the due exercise of this
Warrant, the Holder shall not, by virtue of this Warrant, be entitled to vote
or  receive dividends or be deemed the holder of shares of capital
stock of the Company for any purpose, nor shall anything contained in this
Warrant be construed to confer upon the Holder, as such, any of the rights of a
stockholder of the Company or any right to vote, give or withhold consent to any
corporate action (whether any reorganization, issue of stock, reclassification
of stock, consolidation, merger, conveyance or otherwise), receive notice of
meetings, receive dividends or subscription rights, or otherwise. In addition,
nothing contained in this Warrant shall be construed as imposing any liabilities
on the Holder to purchase any securities (upon exercise of this Warrant or
otherwise) or as a stockholder of the Company, whether such liabilities are
asserted by the Company or by creditors of the Company.

    
      
         

      

      
        9

        
          

        

      

      
         

      

    

     

    7.           Replacement on Loss;
Division and Combination.

     

    (a)           Replacement of Warrant on
Loss. Upon receipt of evidence reasonably satisfactory to the Company of
the loss, theft, destruction or mutilation of this Warrant and upon delivery of
an indemnity reasonably satisfactory to it (it being understood that a written
indemnification agreement or affidavit of loss of the Holder shall be a
sufficient indemnity) and, in case of mutilation, upon surrender of such Warrant
for cancellation to the Company, the Company at its own expense shall execute
and deliver to the Holder, in lieu hereof, a new Warrant of like tenor and
exercisable for an equivalent number of Warrant Shares as the Warrant so lost,
stolen, mutilated or destroyed; provided, that, in
the case of mutilation, no indemnity shall be required if this Warrant in
identifiable form is surrendered to the Company for cancellation.

     

    (b)           Division and Combination of
Warrant. Subject to compliance with the applicable provisions of this
Warrant as to any transfer or other assignment which may be involved in such
division or combination, this Warrant may be divided or, following any such
division of this Warrant, subsequently combined with other Warrants, upon the
surrender of this Warrant or Warrants to the Company at its then principal
executive offices, together with a written notice specifying the names and
denominations in which new Warrants are to be issued, signed by the respective
Holders or their agents or attorneys. Subject to compliance with the applicable
provisions of this Warrant as to any transfer or assignment which may be
involved in such division or combination, the Company shall at its own expense
execute and deliver a new Warrant or Warrants in exchange for the Warrant or
Warrants so surrendered in accordance with such notice. Such new Warrant or
Warrants shall be of like tenor to the surrendered Warrant or Warrants and shall
be exercisable in the aggregate for an equivalent number of Warrant Shares as
the Warrant or Warrants so surrendered in accordance with such
notice.

     

    8.           No Impairment. The
Company shall not, by amendment of its Certificate of Incorporation or Bylaws,
or through any reorganization, transfer of assets, consolidation, merger,
dissolution, issue or sale of securities, or any other voluntary action, avoid
or seek to avoid the observance or performance of any of the terms to be
observed or performed by it hereunder, but shall at all times in good faith
assist in the carrying out of all the provisions of this Warrant and in the
taking of all such action as may reasonably be requested by the Holder in order
to protect the exercise rights of the Holder against dilution or other
impairment, consistent with the tenor and purpose of this
Warrant.

    
      
         

      

      
        10

        
          

        

      

      
         

      

    

     

    9.           Compliance with the
Securities Act.

     

    (a)           Agreement to Comply with the
Securities Act; Legend. The Holder, by acceptance of this Warrant, agrees
to comply in all respects with the provisions of this Section 9 and the restrictive legend
requirements set forth on the face of this Warrant and further agrees that such
Holder shall not offer, sell or otherwise dispose of this Warrant or any Warrant
Shares to be issued upon exercise hereof except under circumstances that will
not result in a violation of the Securities Act of 1933, as amended (the “Securities Act”). This Warrant
and all Warrant Shares issued upon exercise of this Warrant (unless registered
under the Securities Act) shall be stamped or imprinted with a legend in
substantially the following form:

     

    “THIS
WARRANT AND THE SECURITIES ISSUABLE UPON EXERCISE OF THIS WARRANT HAVE NOT BEEN
REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE “ACT”), OR
QUALIFIED UNDER ANY STATE OR FOREIGN SECURITIES LAWS AND MAY NOT BE OFFERED FOR
SALE, SOLD, PLEDGED, HYPOTHECATED OR OTHERWISE TRANSFERRED OR ASSIGNED UNLESS
(I) A REGISTRATION STATEMENT COVERING SUCH SHARES IS EFFECTIVE UNDER THE ACT AND
IS QUALIFIED UNDER APPLICABLE STATE AND FOREIGN LAW OR (II) THE TRANSACTION IS
EXEMPT FROM THE REGISTRATION AND PROSPECTUS DELIVERY REQUIREMENTS UNDER THE ACT
AND THE QUALIFICATION REQUIREMENTS UNDER APPLICABLE STATE AND FOREIGN LAW AND,
IF THE CORPORATION REQUESTS, AN OPINION SATISFACTORY TO THE CORPORATION TO SUCH
EFFECT HAS BEEN RENDERED BY COUNSEL.”

     

    (b)           Representations of the Holder.
In connection with the issuance of this Warrant, the Holder specifically
represents, as of the date hereof, to the Company by acceptance of this Warrant
as follows:

     

    (i)           The
Holder is an “accredited investor” as defined in Rule 501 of Regulation D
promulgated under the Securities Act. The Holder is acquiring this Warrant and
the Warrant Shares to be issued upon exercise hereof for investment for its own
account and not with a view towards, or for resale in connection with, the
public sale or distribution of this Warrant or the Warrant Shares, except
pursuant to sales registered or exempted under the Securities Act.

     

    (ii)           The
Holder understands and acknowledges that this Warrant and the Warrant Shares to
be issued upon exercise hereof are “restricted securities” under the federal
securities laws inasmuch as they are being acquired from the Company in a
transaction not involving a public offering and that, under such laws and
applicable regulations, such securities may be resold without registration under
the Securities Act only in certain limited circumstances. In addition, the
Holder represents that it is familiar with Rule 144 under the Securities Act, as
presently in effect, and understands the resale limitations imposed thereby and
by the Securities Act.

    
      
         

      

      
        11

        
          

        

      

      
         

      

    

     

    (iii)           The
Holder acknowledges that it can bear the economic and financial risk of its
investment for an indefinite period, and has such knowledge and experience in
financial or business matters that it is capable of evaluating the merits and
risks of the investment in the Warrant and the Warrant Shares. The Holder has
had an opportunity to ask questions and receive answers from the Company
regarding the terms and conditions of the offering of the Warrant and the
business, properties, prospects and financial condition of the
Company.

     

    10.           Warrant Register. The
Company shall keep and properly maintain at its principal executive offices
books for the registration of the Warrant and any transfers thereof. The Company
may deem and treat the Person in whose name the Warrant is registered on such
register as the Holder thereof for all purposes, and the Company shall not be
affected by any notice to the contrary, except any assignment, division,
combination or other transfer of the Warrant effected in accordance with the
provisions of this Warrant.

     

    11.           Notices. All notices
required or permitted hereunder shall be in writing and shall be deemed
effectively given: (a) upon personal delivery to the party to be notified, (b)
five (5) days after having been sent by registered or certified mail, return
receipt requested, postage prepaid, or (c) one (1) day after deposit with a
nationally recognized overnight courier, specifying next-day delivery, with
written verification of receipt. All communications to the Company or the Holder
shall be sent to 4808 Moorland Lane, Suite 109, Bethesda, MD 20814, or to such
other address as the Company or Holder may designate by ten (10) days advance
written notice to the other parties hereto.

     

    12.           Cumulative Remedies.
Except to the extent expressly provided in Section 6 to the contrary, the rights
and remedies provided in this Warrant are cumulative and are not exclusive of,
and are in addition to and not in substitution for, any other rights or remedies
available at law, in equity or otherwise. 

     

    13.           Equitable Relief.
Each of the Company and the Holder acknowledges that a breach or threatened
breach by such party of any of its obligations under this Warrant would give
rise to irreparable harm to the other party hereto for which monetary damages
would not be an adequate remedy and hereby agrees that in the event of a breach
or a threatened breach by such party of any such obligations, the other party
hereto shall, in addition to any and all other rights and remedies that may be
available to it in respect of such breach, be entitled to equitable relief,
including a restraining order, an injunction, specific performance and any other
relief that may be available from a court of competent
jurisdiction.

     

    14.           Entire Agreement.
This Warrant, together with the Note, constitutes the sole and entire agreement
of the parties to this Warrant with respect to the subject matter contained
herein, and supersedes all prior and contemporaneous understandings and
agreements, both written and oral, with respect to such subject matter. In the
event of any inconsistency between the statements in the body of this Warrant or
the Note, the statements in the body of this Warrant shall
control.

    
      
         

      

      
        12

        
          

        

      

      
         

      

    

     

    15.           Successor and
Assigns. This Warrant and the rights evidenced hereby shall be binding
upon and shall inure to the benefit of the parties hereto and the successors of
the Company and the successors and permitted assigns of the Holder. Such
successors and/or permitted assigns of the Holder shall be deemed to be a Holder
for all purposes hereunder. 

     

    16.           No Third-Party
Beneficiaries. This Warrant is for the sole benefit of the Company and
the Holder and their respective successors and, in the case of the Holder,
permitted assigns and nothing herein, express or implied, is intended to or
shall confer upon any other Person any legal or equitable right, benefit or
remedy of any nature whatsoever, under or by reason of this
Warrant.

     

    17.           Headings. The
headings in this Warrant are for reference only and shall not affect the
interpretation of this Warrant.

     

    18.           Amendment and Modification;
Waiver. Except as otherwise provided herein, this Warrant may only be
amended, modified or supplemented by an agreement in writing signed by each
party hereto. No waiver by the Company or the Holder of any of the provisions
hereof shall be effective unless explicitly set forth in writing and signed by
the party so waiving. No waiver by any party shall operate or be construed as a
waiver in respect of any failure, breach or default not expressly identified by
such written waiver, whether of a similar or different character, and whether
occurring before or after that waiver. No failure to exercise, or delay in
exercising, any rights, remedy, power or privilege arising from this Warrant
shall operate or be construed as a waiver thereof; nor shall any single or
partial exercise of any right, remedy, power or privilege hereunder preclude any
other or further exercise thereof or the exercise of any other right, remedy,
power or privilege. 

     

    19.           Severability. If any
term or provision of this Warrant is invalid, illegal or unenforceable in any
jurisdiction, such invalidity, illegality or unenforceability shall not affect
any other term or provision of this Warrant or invalidate or render
unenforceable such term or provision in any other jurisdiction.

     

    20.           Governing Law. This
Warrant shall be governed by and construed in accordance with the internal laws
of the State of Delaware without giving effect to any choice or conflict of law
provision or rule (whether of the State of Delaware or any other jurisdiction)
that would cause the application of laws of any jurisdiction other than those of
the State of Delaware. 

     

    21.           Submission to
Jurisdiction. Any legal suit, action or proceeding arising out of or
based upon this Warrant or the transactions contemplated hereby may be
instituted in the federal courts of the United States of America or the courts
of the State of Maryland, and each party irrevocably submits to the exclusive
jurisdiction of such courts in any such suit, action or proceeding. Service of
process, summons, notice or other document by certified or registered mail to
such party’s address set forth herein shall be effective service of process for
any suit, action or other proceeding brought in any such court. The parties
irrevocably and unconditionally waive any objection to the laying of venue of
any suit, action or any proceeding in such courts and irrevocably waive and
agree not to plead or claim in any such court that any such suit, action or
proceeding brought in any such court has been brought in an inconvenient
forum.

    
      
         

      

      
        13

        
          

        

      

      
         

      

    

     

    22.           Waiver of Jury Trial.
Each party acknowledges and agrees that any controversy which may arise under
this Warrant is likely to involve complicated and difficult issues and,
therefore, each such party irrevocably and unconditionally waives any right it
may have to a trial by jury in respect of any legal action arising out of or
relating to this Warrant or the transactions contemplated
hereby.

     

    23.           Counterparts. This
Warrant may be executed in counterparts, each of which shall be deemed an
original, but all of which together shall be deemed to be one and the same
agreement. A signed copy of this Warrant delivered by facsimile, e-mail or other
means of electronic transmission shall be deemed to have the same legal effect
as delivery of an original signed copy of this Warrant.

    

    [SIGNATURE
PAGE FOLLOWS]

    
      
         

      

      
        14

        
          

        

      

      
         

      

    

    IN
WITNESS WHEREOF, the Company has duly executed this Warrant on the Original
Issue Date.

     

    
      
        	 
      	
                ISRAEL
      GROWTH PARTNERS

                ACQUISITION
      CORP.

              
	 
      	 
      
	 
      	
                By:

              	
                /s/ Craig Samuels

              
	 
      	
                Name:
      Craig Samuels

              
	 
      	
                Title:
      President and Chief Executive
Officer

              

      

    

    

    
      
        	
                Accepted
      and agreed,

              
	 
      
	
                MOORLAND
      LANE PARTNERS, LLC

              	 
      
	 
      	 
      
	
                By:

              	
                /s/ Mitchell Metzman

              	 
      
	
                Name:
      Mitchell Metzman

              	 
      
	
                Title:
      Partner

              	 
      

      

    

     

    
      
         

      

      
        15

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