Document:

Exhibit 10.8

    

     

    

    SERVICES AGREEMENT

     

    This Services Agreement (this “Agreement”) is entered into as of March 4, 2020, by and between Meat Tech 3D Ltd, a
      public company organized under the laws of the state of Israel, whose registered address is Einstein 18, Ness Ziona (the “Company”), and Silver Road Capital Ltd., a private company organized under the laws of
      the state of Israel, whose registered address is 89 Medinat Hayehudim St., Herzlia, Israel (the “Consultant”). Each of the Company and the Consultant may be referred to individually as a “Party” and collectively as the “Parties”.

     

    	

          	Whereas,	
            the Company wishes to engage the services of the Consultant as an independent consultant, and the Consultant agrees, subject to the terms and conditions set forth herein; and

          

     

    	

          	Whereas,	
            the Consultant represents that he has the knowledge, experience and ability necessary to provide the Services (as defined below), all in accordance with the terms of this Agreement.

          

     

    Now, therefore, the Parties agree and undertake as follows:

     

    	

          	1.	
            INTERPRETATION

          

     

    	

          	1.1.	
            The preamble to this Agreement is an integral part of this Agreement.

          

     

    	

          	1.2.	
            The headings in this Agreement are for convenience and reference only and are not part of this Agreement nor may serve for the interpretation and are not part of the substance of this Agreement nor may serve for the interpretation thereof.

          

     

    	

          	1.3.	
            The effectiveness of this Agreement is subject to the Company’s obtaining all required internal authorizations, as legally required. The date in which such authorizations are obtained shall be referred to herein as the “Effective Date”.

          

     

    	

          	2.	
            THE SERVICES

          

     

    	

          	2.1.	
            The Services. The Consultant shall provide the Company with the following services (the “Services”):

          

     

    	

          	2.1.1.	
            Identify and/or introduce to the Company prospective investors and, to the extent so requested by the Company, assist in the negotiations with such investors.

             

            

          

    	

          	2.1.2.	
            Identify and/or introduce to the Company prospective commercial and business partners and, to the extent so requested by the Company, assist in the negotiations and/or engagement with such business partners; and

          

     

    	

          	2.1.3.	
            Advise the Company with respect to its business and activities, as shall be requested by the Company.

             

            

          

    	

          	2.1.4.	
            In connection with the foregoing, the Consultant and its representatives, including Mr. Danny Ayalon, will make themselves reasonably available and participate in meetings, calls, video conferences and presentations.

          

     

    	

          	2.2.	
            Representations and Warranties of the Consultant. Consultant represents and warrants to the Company as follows:

              

            

          

    	

          	2.2.1.	
            It is entitled to enter into this Agreement and to assume all of the obligations pursuant hereto, and the execution and delivery of this Agreement and the fulfillment of the terms hereof (i) will not constitute a default under or conflict
              with any agreement or other instrument to which he is a party or by which he is bound; (ii) do not require the consent of any person or entity; and (iii) there are no contracts, impediments, hindrances or restrictive covenants preventing the
              full performance of his duties and obligations hereunder.

          

    

    

     

    
      
        

    

    

    

    	

          	2.2.2.	
            It shall not, directly or indirectly, receive or accept any payment, commission, rebate, discount, gratuity or other benefit, in cash or in kind, from any third party in connection with his engagement with the Company.

          

     

    	

          	2.3.	
            Representation and Warranties of the Company. The Company represents and warrants to the Consultant as follows:

             

            

          

    	

          	2.3.1.	
            It is entitled to enter into this Agreement and to assume all of the obligations pursuant hereto, and that the execution and delivery of this Agreement and the fulfillment of the terms hereof (i) will not constitute a default under or
              conflict with any agreement or other instrument to which it is a party or by which it is bound; (ii) does not require the consent of any person or entity; and (iii) there are no contracts, impediments, hindrances or restrictive covenants
              preventing the full performance of its duties and obligations hereunder.

          

     

    	

          	3.	
            COMPENSATION

          

     

    	

          	3.1.	
            SR Options. In consideration for the performance of the Services, the Company shall issue to the Consultant on the Effective Date the SR Options (the “SR Options”), as such term is defined in
              that certain Investment Agreement, dated March 4, 2020, entered into by and among the Company, the Consultant and the other parties thereto (the “Investment Agreement”). The SR Options shall have the
              terms and conditions set forth in the Investment Agreement.

          

     

    	

          	3.2.	
            Reimbursement of Expenses. The Consultant shall be entitled to receive prompt reimbursement of all documented out-of-pocket expenses reasonably incurred by it in connection with the performance of its Services hereunder (such as
              travel, communications, hospitality, etc.); provided that such expenses were approved by the Company in advance in writing.

          

     

    	

          	3.3.	
            Exclusive Compensation. Without derogating from the rights of Mr. Danny Ayalon and Mr. Steven H. Lavin, both holding shares in the Consultant, to receive compensation pursuant to the Investment Agreement and any other agreement in
              consideration for their services as directors of the Company (including Mr. Steve H. Lavin’s service as the chairman of the board of director of the Company), the Consultant shall not be entitled to any additional compensation and/or
              remuneration for the Services other than as explicitly set forth in this Agreement.

          

     

    	

          	3.4.	
            Taxes. The Consultant shall be responsible, solely and exclusively, to comply, at its own expense, with the provisions of all applicable requirements and with all laws applicable to it as a service provider or consultant to the
              Company, including, without limitation, payment of and the sole liability for all taxes applicable to the compensation hereunder, excluding VAT which shall be paid by the Company.

          

     

    	

          	4.	
            CONFIDENTIALITY AND INTELLECTUAL PROPRIETARY

          

     

    	

          	4.1.	
            The Consultant agrees that all confidential, proprietary communications, materials, files, reports, analyses, correspondence, records, lists and other information reasonably deemed to be of nature of confidential information and documents
              and information related to the business of the Company provided by, prepared by, or made available by Company or any affiliate thereof or any person on behalf thereof to Consultant in connection with the Services (the “Company Materials”) shall be and shall remain the exclusive property of the Company, and the Consultant shall not disclose any Company Materials to any third party. Consultant specifically agrees that it
              shall not, at any time following the Effective Date, without the prior written consent of the Company, or as may otherwise be required by law or legal process, use, communicate or divulge any Company Materials to any third party. This Section
              4.1 shall survive any expiration or termination of this Agreement.

          

    

    

     2

    
      
        

    

     

    	

          	4.2.	
            Each of the Company and the Consultant agrees that it shall not make any statements, written or oral, or cause or encourage others to make any such statements that defame, disparage or in any way criticize the business reputations,
              practices or conduct of the other. This Section 4.2 shall survive any expiration or termination of this Agreement.

          

     

    	

          	5.	
            INDEPENDENT CONTRACTOR

          

     

    The Consultant shall be at all times an independent contractor for the Company and shall not be entitled to any employees’ benefits or rights. This
      Agreement shall not be construed to create any relationship of employment, association, agency, partnership or joint venture between the Company and the Consultant nor shall it be construed to create any relationship other than that of principal and
      independent service provider between the Company and the Consultant. The Consultant shall have no power or authority to act for or bind the Company.

     

    	

          	6.	
            TERM AND TERMINATION

          

     

    	

          	6.1.	
            Term. This Agreement shall commence on the Effective Date and shall continue until it is terminated as hereafter provided.

          

     

    	

          	6.2.	
            Termination. The Company, at any time, and the Consultant, commencing on the eighteen (18) months’ anniversary of the Effective Date, may terminate this Agreement at any time and for any reason (or for no reason), by submitting to
              the other Party a 30-day prior written notice of termination. Upon termination of this Agreement, for any reason whatsoever, Consultant shall immediately cease the performance of any of the Services. Notwithstanding the foregoing, either
              Party mat terminate this Agreement at any time without any further prior notice requirement, upon a material breach by the other Party of this Agreement, which is not cured (if curable) within ten (10) days after the breaching Party’s receipt
              of written notice thereof from the non-breaching Party.

          

    

    

    	

          	7.	
            LIMITATION OF LIABILITY.

          

     

    In no event will (a) either Party be liable to the other or to any third party for any loss of use, revenue or profit or loss of data or for any
      consequential, incidental, indirect, exemplary, special or punitive damages or (b) either Party’s liability arising out of, or related to this Agreement, whether arising out of, or related to, breach of contract, tort (including negligence) or
      otherwise, exceed the value of the consideration paid to the Consultant pursuant to this Agreement.

     

    In addition, notwithstanding anything set forth herein, the Company acknowledges that the Consultant does not make any representations or warranties, nor
      shall the Consultant be responsible for, the credibility or any actions of the Company or its affiliates or of any person, in any capacity whatsoever, introduced to the Company or its affiliates by the Consultant and shall not be responsible to the
      business, legal or other characteristics, advisability, success or any other results of any transaction contemplated or entered into by the Company or its affiliates in connection with the services provided hereunder, and it shall be at the sole
      discretion of the Company to evaluate any business opportunities and make any decision with respect to any transaction proposed to the Company in connection with the services provided by the Consultant hereunder.

     

    	

          	8.	
            NON-EXCLUSIVITY.

          

     

    The Consultant retains the right to perform the same or similar type of services for other third parties during the Term of this Agreement, so long as such
      third party is not a direct competitor of the Company in the field of 3D printing of lab-grown meat.

    

    

    3

    

    
      
        

    

     

    	

          	9.	
            MISCELLANEOUS

          

     

    	

          	9.1.	
            This Agreement and, to the extent applicable, the Investment Agreement, constitute the entire understanding and agreements between the Parties, and supersedes all prior discussions, agreements and correspondence in each case, with regard
              to the subject matters hereof, and may not be amended, modified or supplemented in any respect, except by a subsequent writing executed by all Parties.

          

     

    	

          	9.2.	
            This Agreement shall be governed and construed according to the laws of the state of Israel, without reference to conflict of laws principles. Any dispute under or in connection with this Agreement shall be submitted to the exclusive
              jurisdiction of the competent courts of Tel Aviv - Jaffa.

          

     

    	

          	9.3.	
            All notices, requests, consents, claims, demands, waivers, and other communications hereunder shall be in writing and shall be deemed to have been given: (a) when delivered by hand (with written confirmation of receipt); (b) when received
              by the addressee if sent by a nationally recognized overnight courier (receipt requested); (c) on the date sent by facsimile, email, or other electronic delivery (with oral or written confirmation of receipt) if sent during normal business
              hours of the recipient, and on the next business day if sent after normal business hours of the recipient; or (d) on the third day after the date mailed, by certified or registered mail, return receipt requested, postage prepaid. Such
              communications must be sent to the respective parties at the addresses set out in this Agreement (or to such other address that may be designated by a party from time to time in accordance with this Section).

          

     

    	

          	9.4.	
            If any term, provision, covenant or restriction of this Agreement is held by a court of competent jurisdiction or by any other entity having competent jurisdiction, to be invalid, void or unenforceable, the remainder of the terms,
              provisions, covenants and restrictions of this Agreement shall remain in full force and effect and shall in no way be affected, impaired or invalidated. It is hereby stipulated and declared to be the intention of the parties that they would
              have executed the remaining terms, provisions, covenants and restrictions without including any of such which may be hereafter declared invalid, void or unenforceable.

          

    

    

    	

          	9.5.	
            No failure, delay or forbearance of any Party in exercising any power or right hereunder shall in any way restrict or diminish such Party’s rights and powers under this Agreement or operate as a waiver of any breach or nonperformance by
              either Party of any terms or conditions hereof.

          

    

    

    	

          	9.6.	
            This Agreement may be signed in counterparts, including in electronic form (including scanned PDF), each of which shall be an original, with the same effect as if the signatures thereto and hereto were upon the same instrument.

          

    
      

      

      4

      

      
        
          

      

       

      IN WITNESS WHEREOF, the Parties have executed this Agreement as of the date first set forth above.

      

      

      
        	
                 /s/ Sharon Fima  

                

                _____________________________  

                          Meat Tech 3D Ltd.    

                 

                

                
                  By: Sharon Fima

                  Title: CEO & Co - Founder

                

              	
                 /s/ Lior Maimon

                _____________________________ 

                
                          Silver Road Capital Ltd.

                   

                    

                  
                    By: Lior Maimon

                    Title: CEO          

                     

                

              

      

              

      

       5Exhibit 10.10

      

      

      PERSONAL EMPLOYMENT AGREEMENT

      

      

      Signed and entered on the 1st day of the month of September 2019

      

      

      By and Between:

      

      

      
        	
                 

              	
                
                  MeaTech Ltd.

                  Company No. 515851152

                  18 Einstein St. Ness Ziona, Israel

                  (the “Employer” and
                    / or the “Company”)

                

              	
                 

              

      

      

      

      of the one part;

      And

      

      

      
        	
                 

              	
                
                  Sharon Fima

                  I.D. No. 031927098

                  234 Hashikma, Kfar Hanagid, Israel

                  (the “Employee”)

                

              	
                 

              

      

      

      

      of the second part;

      

      

      	Whereas	
              the Company is engaged in 3D bioprinting and

            

       

      	Whereas	
              the Company is interested in appointing an employee to function as CEO & CTO
                (the "Position"); and

            

       

      	Whereas	
              the Employee has the qualifications for fulfilling the Position and interested to be employed by the Company
                in the Position; and

            

       

      	Whereas	
              the Position is a management position, which requires a special degree of
                personal trust as provided in clause 30(a)(5) of the Work and Rest Hours Law, 1951 (the "Hours Law”); and

            

       

      Whereas   the Employer and the Employee (the “Parties”) desire to enter in writing the terms and conditions of the Employee's employment, as set forth in this agreement (the "Agreement").

       

      THEREFORE, the parties hereto agree as follows:

      	1.	
              Recitals

            

       

      	1.1.	
              The preamble to this Agreement, including the declarations constitute an
                integral part hereof, and are considered as the conditions of the Agreement.

            

       

      	1.2.	
              The headings in this Agreement are for convenience only and are not to be used
                to interpret or construe its provisions.

            

       

      	1.3.	
              All words used in this Agreement and its appendixes in masculine include
                feminine, unless the specific context of the Agreement requires otherwise.

            

       

      
        
          

      

      
      	2.	
              The Position

            

       

      	2.1.	
              As the CEO of the Company, the Employee shall be responsible, among the rest,
                for developing the company's strategy for using technological resources. Ensuring technologies are used efficiently, profitably and securely. Evaluating and implementing new systems and infrastructure.

            

       

      	3.	
              Employee’s Undertakings and Declarations

            

       

      	3.1.	
              The Employee undertakes that, in order to duly fulfill the duties of the Position, he shall devote his time, and his desire, know-how, efforts, expertise and talents required for the proper performance thereof and he shall
                act with loyalty and dedication in order to maintain the property and rights of the Company.

            

       

      	3.2.	
              The Employee warrants that in performing his duties he will act in accordance
                with the policies of the Company and/or in accordance with specific instructions and approvals of the Company.

            

       

      	3.3.	
              The Employee hereby undertakes to act in accordance with the Employer's safety regulations in effect from time to time, including the Employer's anti sexual-harassment regulations.

            

       

      	3.4.	
              The Employee is aware, and he hereby declares, that his Position is a management position that requires a special degree of personal trust as well as requires him to perform activities at irregular hours
                and that, as provided in clause 30(a)(5) of the Hours Law.

            

       

      	3.5.	
              The Employee acknowledges that the provisions of the Hours Law will not apply to the Employee and the Employee shall not be entitled to compensation for the necessity to work
                on irregular hours, overtime, and on weekly rest days, other than his Salary. The Employee confirms and declares that his Salary and his term of employment were determined based on the aforesaid.

            

       

      	3.6.	
              The Employee hereby undertakes that upon termination of the employment of the Employee by the Employer for any reason whatsoever,
                whether at the initiative of the Employee or of the Employer,
                the Employer shall relinquish the Position in an
                orderly manner according to a procedure to be determined, and will turn over all matters under his care to whomever the Employer shall determine,
                in a manner which shall enable such person to continue with the performance of the Position in an orderly manner.

            

       

      	3.7.	
              The Employee undertakes, that upon the termination of his employment with the Employer, for any reason whatsoever, the Employee will
                return any asset, equipment, Employer’s documents, that may be in the Employee’s possession, and that the Employee will not have any right of lien in respect of any asset or property
                belonging to the Employer.

            

        

      

      
         -2 -

        
          

      

      	4.	
              Salary and Employment Benefits

            

       

      	4.1.	
              Working days and hours

            

       

      	

            	4.1.1.	
              The Employee shall work on a part-time basis; the weekly days of rest of the
                Employee shall be Friday and Saturday.

            

       

      	

            	4.1.2.	
              The working hours shall be as may be required in accordance with his Position
                and tasks and the Employee acknowledges that he will be required to work overtime.

            

       

      	

            	4.1.3.	
              As the terms of the Employee's employment do not allow the Company to supervise his work and rest hours, at least a substantial part of the working hours, the Company cannot manage and record his work and rest hours in the attendance recording system. The pay slip of the Employee will contain an appropriate comment on the subject in accordance with the applicable law. Notwithstanding, the Employee
                shall report his attendance whenever possible.

            

       

      	4.2.	
              Salary

            

       

      	

            	4.2.1.	
              The Company shall pay the Employee as compensation for the employment services provided by him, a monthly gross salary in New Israeli Shekels ("NIS") equal to 35,000 (Thirty five thousand) NIS, payable at the end of each month until the tenth day of the following month (the "Salary“).

            

       

      	

            	4.2.2.	
              The Company shall pay the Employee the Salary by the ninth (9th) day of each month for the previous month.

            

       

      	

            	4.2.3.	
              The Employee shall bear all governmental taxes and other payments which every
                employee is required to pay according to law.

            

       

      	4.3.	
              Stock Options

            

       

      	

            	4.3.1.	
              The Employee shall be entitled to Join the Company’s Employees Stock Options Plan. The details of the ESOP would be decided by the Board of Directors.

            

       

      	4.4.	
              Bonuses

            

       

      	

            	4.4.1.	
              Employee shall be entitled to an annual bonus equal to up to 6 (six) Salaries (the “Bonus”), subject to achievement of those certain goals set for a particular calendar year.

            

       

      	

            	4.4.2.	
              No later than 60 days after the beginning of each calendar year, the Board of Directors shall set those certain goals the achievement of which shall entitle Employee to the
                Bonus, in whole or in part. Determination whether those certain goals were achieved, in whole or in part, shall be made by the Board of Directors.

            

       

      	4.5.	
              Annual Leave

            

       

      	

            	4.5.1.	
              The Employee shall be entitled to twenty-four (24) working days as paid annual
                leave.

            

       

      	

            	4.5.2.	
              The timing of the Employee’s leave will be coordinated with the Company.

            

       

      	

            	4.5.3.	
              The Employee can accumulate his annual leave days up to forty-eight (48) days.

            

       

      	4.6.	
              Sick Leave

            

       

      	

            	4.6.1.	
              The Employee shall be entitled to sick leave, according to the provisions of the
                Sick Pay Law, 1976, as long as he provides the Company an appropriate medical confirmation and is not paid for the sick leave money from the
                National Insurance Institute and/or pension insurance and/or from any other party. On an ex-gratia basis, the Employee shall be entitled to his
                full Salary as of the first (1st) day of illness.

            

       

      	

            	4.6.2.	
              The Employee may accrue up to ninety (90) days of sick leave. Accrued sick leave
                days are not redeemable, and the Employee will not be entitled to any kind of payment for unused sick days.

            

       

      
         -3 -

        
          

      

      	4.7.	
              Convalescence

            

       

      The Employee
        shall be entitled to convalescence payment according to the applicable law.

       

      	4.8.	
              Pension Scheme and Severance pay

            

       

      	

            	4.8.1.	
              On the Effective Date, the Employee will continue be insured by the Company, as
                of his choice (“Pension Scheme”).

            

       

      	

            	4.8.2.	
              The payments for the Pension Scheme will continue to be based on the Employee's Salary as set forth in Section 4.2 above and shall not include any other benefits and/or additional compensation, such as incentives of any kind. In the event that the Employee shall choose to insure his Salary in more
                pension programs, in any event, the insured salary in all such programs shall not exceed the Employee's Salary as set forth in Section 4.2 above.

            

       

      	

            	4.8.3.	
              The Company's contributions to the managers’ insurance policy will be 14.83% of
                the part of the Salary insured in the managers’ insurance policy: 8.33% for severance payments and 6.5% for both pension component and disability
                insurance to cover 75% of the Salary insured in the managers’ insurance policy, subject to the pension component being no less than 5%.

            

       

      	

            	4.8.4.	
              The Company's contributions to the pension fund will be 14.83% of the part of the Salary
                insured in the pension fund: 8.33% for severance payments and 6.5% for pension component.

            

       

      	

            	4.8.5.	
              In addition, the Company will continue to deduct from the Employee's Salary an amount equal to 6% for the Employee’s part of the Pension Scheme to be forwarded
                to the Pension Scheme, and the Employee hereby
                approve such deduction.

            

       

      	

            	4.8.6.	
              The Company’s contributions to the Pension Scheme for severance component of 8.33% shall be in lieu of 100% of the severance compensation according to clause 14 of the Severance Pay Law, 1963.

            

       

      	

            	4.8.7.	
              The Parties hereby declare that they wish to continue to adopt all the of the
                terms and conditions detailed in the general approval of the Minister of Labor regarding payments by employers to a pension fund and insurance fund in lieu of severance pay (the “General Permit”), in accordance with section 14 of the Severance Pay Law, 1963, attached as Appendix
                    A to this Agreement, as will be updated from time to time. These terms and conditions oblige the Parties to this Agreement. For the avoidance of doubt, it is hereby
                clarified that the above conditions do not derogate from the rights and/or benefits granted to the Employee in accordance with this Agreement.

            

       

      	

            	4.8.8.	
              The Company waives all rights for return of the sums paid by it to the Pension Scheme for severance.

            

       

      	

            	4.8.9.	
              The Employer shall bear all applicable taxes for any of the Employer’s and the Employee’s contributions to the Pension Scheme exceeding the maximum amount exempt from income tax for such payments.

            

       

      	

            	4.8.10.	
              The Employee hereby warrants and represents that he fully approves the aforesaid
                conditions detailed in this Section 4.8.

            

       

      
         -4 -

        
          

      

      	4.9.	
              Education Fund

            

       

      	

            	4.9.1.	
              The Employee will continue to be entitled to an education fund of his choice (the "Education Fund").

            

       

      	

            	4.9.2.	
              The contribution towards the Education Fund will be based on the Salary set forth in Section 4.2 above.

            

       

      	

            	4.9.3.	
              The Employer’s monthly contributions shall be 7.5% and the Employee’s monthly contributions shall be 2.5% (by way of withholding from the Salary).

            

       

      	

            	4.9.4.	
              The Employer shall bear all applicable taxes for any of the Employer’s and the Employee’s contributions to the Education Fund exceeding the maximum amount exempt from income
                tax for such payments.

            

       

      	4.10.	
              Additional Benefits

            

       

      	

            	4.10.1.	
              Employee shall be entitled to the use of a company car.

            

       

      	

            	4.10.2.	
              The imputed value (שווי שימוש) on usage of the company car shall not exceed 6,250 NIS.

            

       

      	

            	4.10.3.	
              The Company shall pay all expenses incurred as a result of the use of such car, including all fixed and variable maintenance costs, including licenses, insurance, gas and
                repairs, but not including any fines, reports or other traffic offenses incurred by the Employee.

            

       

      	

            	4.10.4.	
              Notwithstanding the above, instead of providing Employee with a Company Car, Company may, subject to the consent of Employee, pay Employee a monthly sum of 5,000 NIS (the “Car
                Expenses”).  It is hereby agreed and understood that the Car Expenses shall not be deemed as an integral part of the Salary for any intent and purpose (including without limitation for the purpose of the Employee's entitlement to severance
                pay and payments towards the Manager’s Policy Scheme and Education Fund).

            

       

      	

            	4.10.5.	
              Any applicable tax for the use of the car or the car expenses will be incurred by the Employer.

            

       

      	4.11.	
              Expenses

            

       

      The Employee
        shall be entitled to reimbursement from the Company for all reasonable expenses and disbursements incurred by him in carrying out his duties under this Agreement subject to Company's policy, including any reasonable
        expenses associated with traveling overseas (including flights, accommodation and travel insurance).

       

      	5.	
              Term and Termination

            

       

      	5.1.	
              The terms and conditions of this Agreement shall be in effect as of September 1st,
                2019 (the “Effective Date”).

            

       

      	5.2.	
              The employment is for an unlimited period and shall continue until the termination of the Agreement as described below.

            

       

      	5.3.	
              The Company shall have the right to terminate this Agreement and the employment relationship hereunder at any time by giving the Employee four (4) months prior written notice
                of termination (the “Notice Period”). During the second year of employment, the Notice period shell be extended to eight (8) months. After two
                years of employment the Notice period shell be extended to twelve (12) months.  In such event, this Agreement and the employment relationship shall be deemed effectively terminated as of the date such notice shall come into effect
                hereunder.

            

       

      
         -5 -

        
          

      

      	5.4.	
              The Employee may terminate this Agreement and the employment relationship hereunder without any reason or explanation at any time by giving the Company Thirty (30) days prior
                written notice.

            

       

      	5.5.	
              The Company has the right to determine whether, during the prior Notice Period, the Employee shall continue to actually
                work for the Company or whether the Company shall
                waive the actual work of the Employee during such period, all without derogating from the Employee's right to receive a payment in lieu of notice period, according to law.

            

       

      	5.6.	
              In the event that the Employee terminates his employment without providing prior
                notice, the Company may deduct the amount equal to the Salary
                to which the Employee would have been entitled had he continued to work during the Notice Period from his Salary or from any other sum due to the Employee.

            

       

      	5.7.	
              Notwithstanding the aforesaid, the Company shall be entitled to terminate this Agreement with immediate effect, without prior notice, in case of termination for Cause (as
                defined below), including without limitation due to a material breach of this Agreement by Employee.

            

       

      For purposes of this Agreement, termination for “Cause” shall mean and include: (i) conviction of any
        felony involving moral turpitude or affecting the Company and/or any of its affiliates; (ii) a serious breach of trust including, without limitation, theft, self-dealing, embezzlement of funds of the Company and/or any of its affiliates; (iii)
        under circumstances in which upon termination by the Company the Employee’s right to receive severance pay under applicable Israeli law is invalidated.

       

      	6.	
              Loyalty, Confidentiality, Proprietary Information and Non-Competition

            

       

      Concurrently with the execution of this Agreement, the Employee shall sign the Loyalty, Confidentiality, Intellectual Property and Non-Compete undertaking attached
        hereto as Appendix B to this Agreement, such letter
        of undertaking shall form an integral part of this Agreement.

       

      	7.	
              Miscellaneous

            

       

      	7.1.	
              This Agreement constitutes the entire understanding between the Parties, both oral and written, in relation to the employment of the Employee by the Company and this Agreement
                supersedes any previous agreements and understandings, whether explicit or implied, existing between the parties prior to their signature hereof. As of signature hereunder, Parties shall only be subject to this Agreement. Any change and/or addition to this Agreement, in writing or in conduct, will not be valid unless drafted in writing and signed by the Parties.

            

       

      	7.2.	
              Sections 3.6, 3.7, 4.2, 4.4.3, 6, and Appendix A and B will survive and continue in full force in accordance with their terms notwithstanding any termination of the Employment
                Period.

            

       

      	7.3.	
              This Agreement and the Employee's employment shall be governed solely by the laws of State of Israel and the competent Israeli labor courts shall have the exclusive jurisdiction on all matters regarding the Employee's employment.

            

       

      
         -6 -

        
          

      

      	7.4.	
              The addresses of the Parties for the purposes of this Agreement shall be as first written above. Any notice shall be delivered via certified mail and shall be considered delivered to the other party at the earlier of receipt
                or seventy-two (72) hours following the date of the post office authorization regarding receipt.

            

       

      	7.5.	
              The Employee confirms and declares that he had thoroughly read and understood
                this Agreement and he had thus signed this Agreement
                with full understanding of its content and significance.

            

       

      In Witness Thereof the Parties Have Signed:

       

      	/s/ Amir Hasidim	 	/s/ Sharon
                  Fima
	
              Employer

            	 	
              Employee

            

      

      

    

  

   -7 -

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