Document:

EXHIBIT 4.10

                              AMENDMENT NUMBER 1 TO

                            ORSUS SOLUTIONS LIMITED.

                _________________________________________________

                           2007 INCENTIVE OPTION PLAN
                _________________________________________________

                       __________________________________

                             AMENDED: JANUARY, 2010
                       __________________________________

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1.   Section 2.7 of the Plan shall be replaced in its entirety with the
     following:

     "EXERCISE PRICE" means (i) with respect to Options - the price that is to
     be paid in order to exercise an Option; (ii) with respect to Restricted
     Shares - the purchase price pursuant to Section 25.2 below; AND (iii) with
     respect to RSUs - the par value of the Shares."

2.   Section 2.11 of the Plan shall be replaced in its entirety with the
     following:

     "OPTION GRANT" means a single grant of Options, Awards and/or RSUs to a
     certain Participant as determined by the Board or the Committee.

3.   Section 2.13 of the Plan shall be replaced in its entirety with the
     following:

     "PARTICIPANT" means a person or entity that has been granted Options,
     Awards and/or RSUs."

4.   A new Section 2.18 will be added to the Plan as follows:

     "2.18 "AWARD" shall mean any Restricted Share or any other Share-based
     award, granted to a Participant under the Plan."

5.   Section 4.1 of the Plan shall be deleted and replaced in its entirety with
     the following:

     "4.1 Subject to adjustments, as set forth in Section 9 below, the initial
          number of Shares reserved for the Option Grant under the Plan shall be
          28,000,000 Ordinary A Shares, of US $0.01 par value each (the
          "RESERVED SHARES").."

6.   A new Section 25 will be added to the Plan as follows:

     "25. RESTRICTED SHARES.

     The Committee may award Restricted Shares to any eligible Participant,
     including under Section 102 of the Income Tax Ordinance (as defined in
     Appendix A to the Plan). Each Award of Restricted Shares under the Plan
     shall be evidenced by a written agreement between the Company and the
     Participant (the "RESTRICTED SHARE AGREEMENT"), in such form as the
     Committee shall from time to time approve. The Restricted Share Agreement
     shall comply with and be subject to the following terms and conditions,
     unless otherwise specifically provided in such Agreement:

     25.1 NUMBER AND CLASS OF SHARES. Each Restricted Share Agreement shall
          state the number of Shares covered by an Award. It is hereby clarified
          that the Restricted Shares shall be the Ordinary A Shares of the
          Company.

     25.2 PURCHASE PRICE. Each Restricted Share Agreement may state an amount of
          purchase price to be paid by the Participant in consideration for the
          issuance of the Restricted Shares and the terms of payment thereof,
          which may include, payment by issuance of promissory notes or other
          evidence of indebtedness on such terms and conditions as determined by
          the Committee.

     25.3 VESTING. Each Restricted Share Agreement shall provide the vesting
          schedule for the Restricted Shares as determined by the Committee,
          provided that (to the extent permitted under applicable Law) the
          Committee shall have the authority to determine the vesting schedule
          and accelerate the vesting of any outstanding Restricted Share at such
          time and under such circumstances as it, in its sole discretion, deems
          appropriate. Unless otherwise resolved by the Committee and stated in
          the Restricted Share Agreement, Restricted Shares shall vest in the
          same vesting schedule as set forth in Section 6 hereof.

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     25.4 RESTRICTIONS. Restricted Shares may not be sold, assigned,
          transferred, pledged, hypothecated or otherwise disposed of, except by
          will or the laws of descent and distribution, for such period as the
          Committee shall determine from the date on which the Award is granted
          (the "RESTRICTED PERIOD"). The Committee may also impose such
          additional or alternative restrictions and conditions on the
          Restricted Shares, as it deems appropriate, including the satisfaction
          of performance criteria. Such performance criteria may include, but
          are not limited to, sales, earnings before interest and taxes, return
          on investment, earnings per share, any combination of the foregoing or
          rate of growth of any of the foregoing, as determined by the
          Committee. Certificates for shares issued pursuant to Restricted Share
          Awards shall bear an appropriate legend referring to such
          restrictions, and any attempt to dispose of any such shares in
          contravention of such restrictions shall be null and void and without
          effect. Such certificates may, if so determined by the Committee, be
          held in escrow by an escrow agent appointed by the Committee, or, if a
          Restricted Share Award is made pursuant to Section 102, by the Trustee
          (as defined in Appendix A to the Plan). In determining the Restricted
          Period of an Award the Committee may provide that the foregoing
          restrictions shall lapse with respect to specified percentages of the
          awarded Restricted Shares on successive anniversaries of the date of
          such Award. To the extent required by the Income Tax Ordinance or the
          Income Tax Authorities (as defined in Appendix A to the Plan), the
          Restricted Shares issued pursuant to Section 102 shall be issued to
          the Trustee in accordance with the provisions of the Income Tax
          Ordinance and the Restricted Shares shall be held for the benefit of
          the Participant for such period as may be required by the Income Tax
          Ordinance.

     25.5 ADJUSTMENT OF PERFORMANCE GOALS. The Committee may adjust performance
          goals to take into account changes in law and accounting and tax rules
          and to make such adjustments as the Committee deems necessary or
          appropriate to reflect the inclusion or the exclusion of the impact of
          extraordinary or unusual items, events or circumstances. The Committee
          also may adjust the performance goals by reducing the amount to be
          received by any Participant pursuant to an Award if and to the extent
          that the Committee deems it appropriate.

     25.6 FORFEITURE. Subject to such exceptions as may be determined by the
          Committee, if the Participant's continuous employment with the Group
          shall terminate for any reason prior to the expiration of the vesting
          date or Restricted Period of an Award or prior to the payment in full
          of the purchase price of any Restricted Shares with respect to which
          the vesting date or the Restricted Period has expired, any shares
          remaining subject to vesting or restrictions or with respect to which
          the purchase price has not been paid in full, shall thereupon be
          forfeited and shall be deemed transferred to, and reacquired by, or
          cancelled by, as the case may be, the Group at no cost to the Group,
          subject to all applicable laws. Upon forfeiture of Restricted Shares,
          the Participant shall have no further rights with respect to such
          Restricted Shares.

     25.7 OWNERSHIP. During the Restricted Period the Participant shall possess
          all incidents of ownership of such Restricted Shares, subject to
          Section 12 and Section 25.4, including the right to receive dividends
          with respect to such shares. All distributions, if any, received by a
          Participant with respect to Restricted Shares as a result of any stock
          split, stock dividend, combination of shares, or other similar
          transaction shall be subject to the restrictions applicable to the
          original Award.

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     25.8 Sections 7 and 8 of the Plan shall apply MUTATIS MUTANDIS to the
          Restricted Shares"

7.   A new Section 26 will be added to the Plan as follows:

     "26. RESTRICTED SHARE UNITS.

          26.1 A Restricted Share Unit (an "RSU") is an Award covering a number
               of Shares that is settled by issuance of those Shares. An RSU may
               be awarded to any eligible Participant, including under Section
               102. Each grant of RSUs under the Plan shall be evidenced by a
               written agreement between the Company and the Participant (the
               "RESTRICTED SHARE UNIT AGREEMENT"), in such form as the Committee
               shall from time to time approve. Such RSUs shall be subject to
               all applicable terms of the Plan and may be subject to any other
               terms that are not inconsistent with the Plan. The provisions of
               the various Restricted Share Unit Agreements entered into under
               the Plan need not be identical. RSUs may be granted in
               consideration of a reduction in the recipient's other
               compensation.

          26.2 Other than the par value of the Ordinary A Shares of the Company,
               no payment of cash shall be required as consideration for RSUs.
               RSUs may or may not be subject to vesting. Vesting shall occur,
               in full or in installments, upon satisfaction of the conditions
               specified in the Restricted Share Unit Agreement.

          26.3 Without limitation of Section 12, no voting or dividend rights as
               a shareholder shall exist prior to the actual issuance of Shares
               in the name of the Participant. Notwithstanding anything else in
               this Plan (as may be amended from time to time) to the contrary,
               unless otherwise specified by the Committee, each RSU shall be
               for a term of seven (7) years. Each Restricted Share Unit
               Agreement shall specify its term and any conditions on the time
               or times for settlement, and provide for expiration prior to the
               end of its term in the event of termination of employment or
               service providing to the Company, and may provide for earlier
               settlement in the event of the Participant's death, Disability or
               other events.

          26.4 Settlement of vested RSUs shall be made in the form of Shares.
               Distribution to a Participant of an amount (or amounts) from
               settlement of vested RSUs can be deferred to a date after
               settlement as determined by the Committee. The amount of a
               deferred distribution may be increased by an interest factor or
               by dividend equivalents. Until the grant of RSUs is settled, the
               number of such RSUs shall be subject to adjustment pursuant
               hereto.

          26.5 Sections 7 and 8 of the Plan shall apply MUTATIS MUTANDIS to
               RSUs."

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                            ORSUS SOLUTIONS LIMITED

                         THE 2007 INCENTIVE OPTION PLAN

1.     PURPOSE OF THE PLAN

       The purpose of this 2007 Incentive Option Plan (the "PLAN") is to advance
       the interests of Orsus Solutions Limited (the "COMPANY") and its
       shareholders by attracting and retaining the best available personnel for
       positions of substantial responsibility, providing additional incentive
       to employees, office holders and service providers and promoting a close
       identity of interests between those individuals and entities and the
       Company, and to enable the Company, under appropriate circumstances, to
       donate share capital for charitable purposes.

2.     DEFINITIONS

       As used herein, the following definitions shall apply:

       2.1    "ADMINISTRATOR" means the Board or the Committee, as shall
              administer the Plan, as set forth herein.

       2.2    "ARTICLES" mean the Company's Articles of Association, as
              amended from time to time.

       2.3    "BOARD" means the Board of Directors of the Company.

       2.4    "BVI COMPANIES LAW" the BVI Business Companies Act, 2004 of
              the laws of the British Virgin Islands.

       2.5    "COMMITTEE" means the Company's compensation committee, or
              in the case there is no such committee, a committee appointed in
              order to administer the Plan, and until such committee is
              appointed, if at all, the Board.

       2.6    "EMPLOYEE" means: (I) any person, employed by the Company
              or employed by any Related Entity; and (II) any officer or
              director of the Company or a Related Entity.

       2.7    "EXERCISE PRICE" means the price that is to be paid in
              order to exercise an Option.

       2.8    "GROUP" means the Company and the Related Entities taken together.

       2.9    "IPO" means an initial public offering of the Company's Shares.

       2.10   "OPTION" means an option to purchase a Share according to
              the provisions of this Plan.

       2.11   "OPTION GRANT" means a single grant of Options to a certain
              Participant as determined by the Board or the Committee.

       2.12   "OPTION GRANT LETTER AGREEMENT" means the notice letter
              attached to this Plan as Exhibit A.

       2.13   "PARTICIPANT" means a person or entity that has been granted
              Options.

              ORSUS SOLUTIONS LIMITED - 2007 INCENTIVE OPTION PLAN

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       2.14   "RELATED ENTITY" means any parent or subsidiary of the
              Company. In addition, Related Entity shall include any business,
              corporation, partnership, limited liability company or other
              entity in which the Company, or the Company's parent or a
              subsidiary holds a substantial ownership and/or interest, directly
              or indirectly, and is determined by the Board to be a Related
              Entity.

       2.15   "SERVICE PROVIDER" means a person or entity who is engaged
              by the Company or any Related Entity to render services (e.g.,
              consulting services, advisory services, development services,
              marketing and sale services or any other services, including
              suppliers) to the Company or a Related Entity.

       2.16   "SHARE" means the Company's non-voting Ordinary A Shares of
              US$0.01 par value, or shares that were issued following an
              exercise of an Option.

       2.17   "TOTAL OPTION AMOUNT" means the amount of Options granted
              to a Participant in a single Option Grant.

3.     ADMINISTRATION OF THE PLAN

       3.1    Subject to the provisions of the Plan, any applicable law,
              the Articles and any other binding commitments taken by the
              Company, the Board or the Committee shall have the power and
              authority to administer the Plan. Such power and authority shall
              include, but not be limited to: (i) approval of Option Grants and
              the determination of the terms and provisions of respective Option
              Grants, including, the vesting schedules of the Options; the
              Exercise Price thereof; provisions concerning the time or times
              when and the extent to which Options may be exercised; the nature
              and duration of restrictions as to transferability; type and
              series of shares underlying the Options, or any other special
              conditions relating to an Option Grant; (ii) the acceleration of
              any Participant's right to exercise Options, in whole or in part;
              (iii) the interpretation of the provisions of the Plan; (iv)
              altering, amending or rescinding any resolution or act previously
              taken by the Committee; and (v) the determination of any other
              matter which is necessary or desirable for, or incidental to, the
              administration of the Plan, as set forth in the Plan.

       3.2    Notwithstanding the above, the Board shall have the power
              and authority to take any act the Committee is empowered and
              authorized to take and to alter amend or rescind any act or
              resolution taken by the Committee.

       3.3    The Committee shall consist of such number of directors as
              may be appointed by the Board.

       3.4    The Board shall have the exclusive discretion and power to
              grant Options. Such power may be delegated by the Board to the
              Committee subject to the provisions of the BVI Companies Law.

              ORSUS SOLUTIONS LIMITED - 2007 INCENTIVE OPTION PLAN

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       3.5    All Committee resolutions and decisions, including the
              interpretation and construction of any provision of the Plan,
              shall be final and conclusive unless otherwise determined by the
              Board.

       3.6    No member of the Board or of the Committee shall be held
              liable for any act or determination made in good faith with
              respect to the Plan or any Option Grant.

4.     SHARES RESERVED FOR THE PLAN

       4.1    Subject to adjustments, as set forth in Section 9 below, a
              total of 8,075,000 Ordinary A Shares, of US$0.01 par value each,
              from the Company's authorized share capital shall be reserved and
              subject to the Plan (the "RESERVED SHARES").

       4.2    Until termination of the Plan the Company shall at all
              times reserve sufficient number of Ordinary A Shares in its
              authorized share capital to cover for all Reserved Shares that
              were not issued.

       4.3    Without derogating from Section 4.2 above:

              4.3.1  The Company need not reserve Shares with respect to
                     Options that terminated, expired or were canceled for any
                     reason prior to exercise thereof.

              4.3.2  In the case that there are certain Reserved Shares,
                     which remain unissued and which are not subject to
                     outstanding Options, then the Board may resolve that such
                     Reserved Shares shall cease to be reserved.

5.     DESIGNATION OF PARTICIPANTS; OPTION GRANTS

       5.1    The Board may grant Option Grants to the following persons
              and entities pursuant to the Plan:

              5.1.1  Employees.

              5.1.2  Service Providers and their employees.

              5.1.3  Charitable entities or other persons or entities
                     that Option Grants may be donated to in order to promote
                     charitable purposes.

       5.2    Unless determined otherwise by the Board or Committee, a
              Participant shall not be required to pay any consideration for an
              Option Grant.

6.     VESTING; EXERCISE PERIOD

       6.1    Unless determined otherwise by the Committee or Board, upon
              approval of the Option Grant or thereafter, Options underlying an
              Option Grant shall vest over four years, commencing on the vesting
              commencement date (the "VESTING COMMENCEMENT DATE") as determined
              by the Committee.

              ORSUS SOLUTIONS LIMITED - 2007 INCENTIVE OPTION PLAN

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       6.2    The vesting schedule of each Option Grant shall be as
              determined by the Committee. However, unless determined otherwise
              by the Committee or Board, upon approval of the Option Grant or
              thereafter, the following shall apply:

              25% of the Total Option Amount shall vest on the first anniversary
              of the Vesting Commencement Date, and additional 1/48 of the Total
              Option Amount shall vest on the last day of each month period
              immediately after the first anniversary of the Vesting
              Commencement Date.

              In the case that as a consequence of the vesting schedule
              mentioned above a fraction of vested Option is created, then such
              fraction shall be rounded up to the nearest whole.

       6.3    Notwithstanding anything to the contrary in this Plan, all
              Options shall terminate and not bestow any rights on their owner
              after ten years from the date the Options were granted. All
              Options that have not been exercised by such date shall expire
              immediately and the Participants shall not have any claim against
              the Company with respect thereto.

       6.4    The period within which Options are exercisable shall be
              called the "EXERCISE PERIOD".

7.     TERMINATION OF EMPLOYMENT WITH THE GROUP

       In the event that the Participant is an Employee at the time of the
       Option Grant, whose employment with the Group was subsequently
       terminated, for whatever reason but subject to Section 7.6 (including but
       not limited to (i) dismissal of a Participant or (ii) a Participant's
       resignation, or (iii) death of a Participant or (iv) disability of a
       Participant), then the following provisions shall apply:

       7.1    The date on which employment was terminated under
              applicable labor laws, or, in the case an Employee is not an
              employee under applicable labor laws, the date in which such
              Employee ceases to be an Employee as defined in the Plan, shall be
              deemed the date in which such Employee's employment was terminated
              ("EMPLOYMENT TERMINATION DATE").

       7.2    On the Employment Termination Date all Options that are not
              vested shall immediately expire.

       7.3    In the event that the Participant's termination of
              employment is not due to the Participant's death or Disability (as
              defined below), then the Participant will be entitled to exercise
              all, or part of the vested Options that have not expired, for a
              period of sixty (60) days after the Employment Termination Date.
              After such sixty (60) days period, all unexercised Options will
              automatically expire.

       7.4    Notwithstanding the above, in the event of termination of
              employment due to the Participant's death or Disability, the
              Participant (if applicable) or Participant's estate, or other
              person who acquired the right to exercise the Options by way of
              bequest or inheritance, may, but only within six (6) months after
              the date of such death or Disability, exercise all, or part of,
              the vested Options that have not expired. After such six (6)
              months period, all unexercised options shall automatically expire.

              ORSUS SOLUTIONS LIMITED - 2007 INCENTIVE OPTION PLAN

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              For purposes of this Section 7.4, "Disability" shall mean the
              inability, due to illness or injury, to engage in any gainful
              occupation for which the individual is suited by education,
              training or experience, which condition continues for at least six
              (6) months. It is hereby clarified that during the period of
              disability, the Options shall not vest.

       7.5    Notwithstanding Section 7.3 above, all Options granted to a
              certain Employee (whether vested or unvested) will immediately
              expire if the termination of the Participant's employment is due
              to Participant's breach of his/her employment agreement (whether
              written or oral) including without limitation, a breach of non
              compete obligations, or breach of his/her fiduciary duties towards
              the Company or a Related Entity as determined by the Committee or
              the Board, in their sole discretion, or in the case that such
              Employee may not be entitled to severance pay in whole or in part,
              according to applicable law (such event shall be referred hereto
              as "Cause").

       7.6    For the purposes of this Plan, the Committee or Board is
              authorized to determine if and when a Participant terminated
              his/her employment with the Company, and due to what reason,
              subject to the provisions of applicable labor law with respect to
              employees.

       7.7    The Committee or the Board shall be entitled, prospectively
              and retroactively, to extend the periods in which Options (either
              vested or unvested) do not expire and remain exercisable after the
              Employment Termination Date.

       7.8    In no event shall the Company be required to notify a
              Participant regarding the expiration of the applicable exercise
              period prior thereto.

8.     TERMINATION OF ENGAGEMENT WITH THE GROUP

       In the event that a Participant is not an Employee, and the engagement of
       such Participant with the Group is terminated, or such engagement
       materially and adversely changes, then, unless otherwise specified in the
       Option Grant Letter Agreement, or otherwise determined by the Committee,
       on the date of such termination or change, all Options that have not
       vested by then shall expire. The Participant who is not an Employee will
       be entitled to exercise all, or part of, the vested Options that have not
       expired, for a period of sixty (60) days after the date of termination of
       engagement. Sections 7.5 - 7.8 above shall apply, MUTATIS MUTANDIS, also
       to Participants who are not Employees.

9.     ADJUSTMENTS

       9.1    Merger, Sale of the Company or Sale of the Company's Assets.

              In the event of a merger of the Company into another corporation,
              in a way that the Company shall no longer continue to exist as a
              legal entity subsequent to such merger, the sale of all or
              substantially all of the Company's issued and outstanding shares
              to a third party or the sale of all, or substantially all of the
              assets of the Company (each of them, a "TRANSACTION"), then the
              following provisions shall apply, as will be determined by the
              Board, at its sole discretion:

              9.1.1  Each outstanding Option shall be assumed by, or an
                     equivalent option shall be substituted by the successor
                     corporation or a parent or subsidiary of the successor
                     corporation.

              ORSUS SOLUTIONS LIMITED - 2007 INCENTIVE OPTION PLAN

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              9.1.2  In the event that the successor corporation does not
                     agree to assume the Options or to substitute them with
                     equivalent options, the Committee may in lieu of such
                     assumption or substitution, provide for the Participant to
                     have the right to exercise the Options as to all, or part
                     of the Shares, including certain Shares as to which it
                     would not otherwise be exercisable.

              9.1.3  In addition to Section 9.1.2 above, and if Section
                     9.1.1 does not apply, the Committee may notify the
                     Participants that all Options that are exercisable shall
                     remain so for a period of no less then seven (7) days from
                     the date of such notice, and that all Options will
                     terminate upon the expiration of such period. In any case,
                     the Committee may condition the termination of all said
                     Options upon consummation of the Transaction.

       9.2    Bonus Shares

              In the event that the Company issues any of its shares as bonus
              shares to all its shareholders, on a pro rata basis, then the
              number of Shares received upon exercise of certain Options shall
              be increased to the number of Shares the Participant would have
              held after the issuance of the bonus shares had such Participant
              exercised such Options immediately before the issuance of the
              bonus shares.

       9.3    Intentionally Deleted

       9.4    Changes in Capitalization

              If the outstanding shares of the Company shall at anytime be
              changed or exchanged by declaration of a share split, reverse
              share split, combination or reclassification of Ordinary A Shares,
              or any other increase or decrease in the number of the Company's
              Ordinary A Shares effected without receipt of consideration by the
              Company from the shareholders, then the number, class and kind of
              Shares subject to this Plan or subject to any Options therefore
              granted, and the Exercise Prices of the Options, shall be
              appropriately and equitably adjusted so as to maintain the
              proportionate number of Shares without changing the aggregate
              Exercise Prices of the Options (except in case the Exercise Price
              is equal to the par value of the shares, in which case the
              Exercise Price will be increased respectively). However no
              adjustment shall be made by reason of the distribution of
              subscription rights on outstanding shares, or conversion of
              securities into shares of the Company.

       9.5    Other terms and conditions

              9.5.1  The allocation of each Option Grant hereunder is
                     subject to the relevant Participant's agreement to sign any
                     document he/she is required to sign pursuant to the
                     provisions of this section 9. If a Participant refuses to
                     sign any such documents, the Committee or Board may
                     determine that the Options held by the Participant or by a
                     trustee for such Participant's benefit shall immediately
                     expire.

              ORSUS SOLUTIONS LIMITED - 2007 INCENTIVE OPTION PLAN

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              9.5.2  Such adjustments as mentioned in this Section 9 shall be
                     made by the Committee, whose determination in such respect
                     shall be final, binding and conclusive.

              9.5.3  Anything herein to the contrary notwithstanding, if
                     prior to an IPO, there is a bona fide offer to purchase all
                     or substantially all of the issued and outstanding shares
                     of the Company, or upon a reorganization separation or the
                     like, all or substantially all of the shares of the Company
                     are to be exchanged for securities of another company
                     (including, for the avoidance of doubt, in a Bring Along
                     circumstances, as specified in Article 18 of the Company's
                     Articles of Association) , then each Participant shall be
                     obliged to sell or exchange (in accordance with the value
                     of such Participant's Options and Shares pursuant to the
                     terms of such transaction) as the case may be, any Shares
                     such Participant purchases hereunder, in accordance with
                     the instructions issued by the Board in connection with
                     such transaction, which will be given according to a policy
                     of the Board concerning all of the Participants under the
                     Plan and the Participant shall have no claim against the
                     Board and its policy.

10.    ASSIGNABILITY AND SALE OF OPTIONS

       No Option shall be assignable, transferable, given as collateral,
       hypothecated pledged or encumbered and no right with respect to the
       Options shall be given to any third party whatsoever, and during the
       lifetime of each Participant, each and all of such Participant's rights
       to purchase Shares hereunder shall be exercisable only by such
       Participant.

11.    TERM AND EXERCISE OF OPTIONS

       11.1   Options shall be exercised by a Participant by giving
              written notice to the Company, in the form substantially attached
              hereto as EXHIBIT B or such other form(s) and method as may be
              determined by the Company from time to time (the "EXERCISE
              NOTICE").

       11.2   The Exercise Price shall be payable upon the exercise of the
              Option in cash or by check, or other form satisfactory to the
              Committee.

       11.3   The Exercise Price will be paid in the same currency that
              the Exercise Price is fixed, or in other currency, if so required
              by the Committee, in accordance with the applicable representative
              rate of exchange of last published by such bank as determined by
              the Committee at the time of actual payment or as provided for by
              the Company.

       11.4   Each Participant will be entitled to exercise, upon signing
              the Exercise Notice and any additional documents as required by
              the Company, and paying the Exercise Price, all, or part of the
              Options that are vested at the Exercise Period, as long as prior
              to IPO he/she exercises at a time at least the lower of: (I) 1,000
              Options; or (II) all vested Options such Participant holds.

              ORSUS SOLUTIONS LIMITED - 2007 INCENTIVE OPTION PLAN

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       11.5   Options shall not be deemed exercised unless: (I) the Company
              receives a duly signed Exercise Notice including all relevant
              details; and (II) the Company receives the Exercise Price.

       11.6   The Options may be exercised only to purchase whole Shares, and in
              no case may a fraction of a Share be purchased. If any fractional
              Shares would be deliverable upon exercise, such fraction shall be
              rounded up or down, to the nearest whole number. Half of a Share
              will be rounded up.

       11.7   Each Option granted under this Plan shall be exercisable during
              the Exercise Period. Subject to adjustments, as set forth in
              Section 9 above, the exercise of one Option shall entitle the
              Participant to hold one Share.

       11.8   Without derogating from any restrictions mentioned hereinabove,
              the exercise of the Options (including the Shares themselves) is
              subject to the following terms, restrictions and conditions as may
              be in effect at the time the exercise of the Options is requested:
              (i) any applicable law or regulation; (ii) any order or limitation
              set by any stock exchange in which the Company's securities may be
              traded (e.g., blackout periods, and lock up after an IPO); and
              (iii) any limitation undertaken by the Company with respect of the
              shares of the Company, including limitations set forth by
              Company's underwriters. Such period of restriction of sale or
              exercise shall not be counted as part of the applicable exercise
              period.

       11.9   Notwithstanding the foregoing, starting as of the Employment
              Termination Date of a certain Participant and during the period
              that the vested Options are exercisable, the Company shall be
              entitled (subject to the provisions of applicable law) to purchase
              the vested Options held by such Participant by sending the
              Participant a purchase notice (the "PURCHASE NOTICE"). The
              purchase price of each Option shall be the Market Value of an
              Ordinary A Share less the Exercise Price of the Option. The Market
              Value of an Ordinary A Share shall be determined as follows: (i)
              in case the Company's shares are listed on a stock exchange, the
              Market Value shall be the average price of the Shares during 5
              days prior to the Purchase Notice; or (ii) in case the Company's
              shares are not traded, the Market Value shall be the value
              determined in good faith unanimously by the Board and in the event
              the Board members are unable to reach an agreement with respect to
              the Market Value within 10 days of the Purchase Notice to the
              Participant, the Board will refer to an external expert. The
              Committee or the Board shall be entitled to establish further
              processes for the purchase of the Options as set forth above,
              provided, however, that if the Company receives the Participant's
              Exercise Notice prior to the receipt of the Purchase Notice from
              the Company, then the Company's right to purchase the said Options
              shall become null and void and the Participant may exercise the
              vested Options pursuant to their terms.

              ORSUS SOLUTIONS LIMITED - 2007 INCENTIVE OPTION PLAN

                                     -8-
<PAGE>

       11.10  Notwithstanding anything to the contrary herein, if on the
              Employment Termination Date the Participant holds Shares issued
              upon exercise of Options granted pursuant to this Plan ("OPTION
              SHARES") and the Company terminates the Participant's employment
              for Cause, then the Company shall have the right to purchase all
              or part of the Option Shares of the Participant during a period of
              60 days following the Employment Termination Date, at a price per
              Option Share equal to the Exercise Price paid for each Option
              Share by the Participant. During the sixty (60) days period, the
              Participant shall not sell, pledge, transfer or otherwise dispose
              of any Option Shares.

12.    RIGHTS AND OBLIGATIONS ATTACHED TO THE SHARES

       12.1   No Participant shall have any of the rights or privileges of a
              shareholder of the Company with respect to any of the Shares,
              unless and until, following exercise, the registration of the
              Participant as holder of such Shares in the Company's register of
              members is duly completed.

       12.2   The rights and obligations attached to the Shares will be as set
              forth in the Articles. The Shares may be subject to rights of
              first refusal, co-sale rights and other rights specified in the
              Articles.

       12.3   The Participant waives any of the following rights to the
              extent such rights are attached to the Shares: (i) pre-emptive
              rights in relation to issuance of new securities in the Company;
              (ii) rights of first refusal in relation with any sale of shares
              of the Company; (iii) co-sale rights in relation with any sale of
              shares of the Company.

       12.4   It is hereby clarified that the Shares have no voting rights.

       12.5   Without derogating from any restrictions mentioned hereinabove, by
              accepting an Option Grant, each Participant agrees that the sale
              or disposal of Shares is subject to the following terms,
              restrictions and conditions as may be in effect on the time when
              such sale or disposal is requested: (i) any applicable law or
              regulation; (ii) any order or limitation set by any stock exchange
              in which the Company's securities may be traded (e.g., blackout
              periods, and lock up after an IPO); and (iii) any limitation
              undertaken by the Company with respect of the shares of the
              Company, including limitations set forth by Company's
              underwriters.

       12.6   Until an IPO the Company shall have the authority to endorse upon
              the certificate or certificates representing the Shares such
              legends referring to the foregoing restrictions, and any other
              applicable restrictions, as it may deem appropriate (and which do
              not violate the Participant's rights according to this Agreement).

       12.7   By accepting an Option Grant, each Participant agrees that
              in the case of an IPO or after registering the Company's
              securities for trading, to sign any document and approve any
              resolution or restriction upon the Shares, or modify the terms of
              allocation of the Shares, if such Participants signature or
              approval or such restriction or modification were reasonably
              required, in the Committee's discretion, in order to facilitate
              the Company in meeting all the underwriters and stock exchange
              demands and all applicable securities and corporate laws and
              regulations.

              ORSUS SOLUTIONS LIMITED - 2007 INCENTIVE OPTION PLAN

                                     -9-
<PAGE>

       12.8   The Participant shall not sell, pledge, transfer or otherwise
              dispose of any Shares in transactions which violate, according to
              the Company's sole discretion, any applicable laws, rules and
              regulations, or the Articles.

       12.9   No transfer of Shares shall be effective if the Committee
              determines that the transferee is a competitor of the Company
              (either directly or indirectly).

       12.10  Notwithstanding anything to the contrary in this Section 12.10, as
              long as Shares are held by a trustee for the benefit of a
              Participant (if applicable) the Shares shall not be sold, pledged,
              transferred or otherwise disposed of, by the Participant until an
              IPO, or until such time or event as determined by the Committee,
              either individually or with respect to all Participants.

13.    TERM OF THE PLAN

       This Plan shall be effective as of February 15, 2007, which is the day it
       was adopted by the Board and shall terminate when all the Options are
       exercised into Shares or expired in accordance with the provisions of
       this Plan or such other date as shall be determined by the Board, which
       date shall be no later than February 14, 2017.

14.    AMENDMENTS; TERMINATION

       14.1   The Board may, at any time and from time to time, amend,
              alter or terminate the Plan, provided, however, that the rights of
              the Participants shall not be adversely affected, unless such
              Participants agreed to such amendment, alteration or termination.

       14.2   The Plan may be terminated at any time by an action of the
              Board, but any such termination will not terminate any Options
              granted under this Plan, which are then outstanding, without the
              consent of the Participant that is holding such Options.

15.    BINDING EFFECT

       The provisions of the Plan shall be binding upon the heirs, executors,
       administrators, and successors of the Participants.

16.    GOVERNMENT REGULATIONS AND OTHER RESTRICTIONS

       16.1   This Plan, the Option Grant Letter Agreements, the grant and
              exercise of Options hereunder, the obligation of the Company to
              issue the Shares, and any other act or obligation of the Company
              or any related individual or entity acting in connection with this
              Plan are all subject to the Articles, all applicable laws, rules,
              and regulations, whether of the British Virgin Islands or any
              other state having jurisdiction over the Company and any
              Participant.

              ORSUS SOLUTIONS LIMITED - 2007 INCENTIVE OPTION PLAN

                                      -10-
<PAGE>

       16.2   By accepting an Option Grant, each Participant agrees not
              to sell, pledge, transfer or otherwise dispose of any of the
              Shares such Participant may hold except in compliance with: (I)
              the United States Securities Act of 1933, as amended, and the
              rules and regulations thereunder if applicable; and (II) any other
              applicable securities law; and to further agree that certificates
              evidencing any of such Shares shall bear appropriate legend to
              reflect such restrictions. The Company does not obligate itself to
              register any shares under the United States Securities Act of
              1933, as amended or any other applicable securities laws.

17.    TAX CONSEQUENCES, INDEMNIFICATION

       17.1   Any tax consequences, including tax consequences due to
              adjustments, made in accordance with Section 9 above, arising from
              the grant or exercise of any Option, the payment for Shares
              covered thereby, or any other event or act (of the Company or any
              Participant) relating to the Plan, shall be borne solely by each
              Participant.

       17.2   The Company and/or the Board and/or the Committee and/or a
              trustee for the Plan shall not be required to release any Share
              certificates or transfer any Shares to a Participant until all
              required tax payments have been fully made.

       17.3   The Company may withhold taxes according to the requirements under
              the applicable laws, rules, and regulations, including withholding
              taxes at source. In the case that applicable law requires so, the
              Company shall deduct taxes at source. Such deduction may be made
              from any proceeds attributed to the exercise of the Options and
              sale of Shares, or from any proceeds the Participant is entitled
              to receive from the Group or other proceeds such Participant owns
              and are held by the Group, including from Participant's salary or
              other proceeds he/she is entitled to receive from the Company or a
              Related Entity. It is explicitly stated herein that each
              Participant who is an Employee, by accepting an Option Grant
              agrees to the deduction from his/her salary of any amounts that in
              the Company's determination are required to be deducted under
              applicable law in connection with the Plan. In any such case, the
              Company shall be entitled to offset any amounts due to such
              Participant on account of such taxes.

       17.4   In the case that the Company, or any other person on its behalf is
              required to pay taxes, that under applicable law should have been
              paid by the Participant, then such Participant shall immediately
              either pay such tax, or, if such tax was already paid, reimburse
              the Company, or such other person for the total amount paid.

              ORSUS SOLUTIONS LIMITED - 2007 INCENTIVE OPTION PLAN

                                      -11-
<PAGE>

       17.5   Neither the Company, nor any Related Entity nor anyone on
              their behalf, shall give, or be deemed to be giving any
              Participant, or a potential Participant, advice regarding tax
              consequences relating to the Plan and issuance of securities
              thereunder. Each Participant shall rely solely, while considering
              participation in the Plan, on the advice of such Participant's
              consultants.

18.    CONTINUANCE OF EMPLOYMENT OR ENGAGEMENT

       Neither the Plan nor any Option Grant shall be construed to impose any
       obligation on any entity included in the Group to continue any
       Participant's employment with it (in the case that the Participant is an
       Employee) or to maintain any business engagement with such Participant.
       Nothing in the Plan and/or in any Option Grant and/or the price per Share
       at the time of proposed termination shall confer upon any Participant any
       right to continue to be employed by the Group or to maintain any other
       business engagement with it, or restrict the right of any entity included
       in the Group to terminate such employment or business engagement at any
       time.

19.    RULES PARTICULAR TO SPECIFIC COUNTRIES

       19.1   Notwithstanding anything herein to the contrary, the terms
              and conditions of the Plan may be amended with respect to
              particular types of Participants as determined by the Board (for
              example, Israeli employees, employees that are subject to US
              taxation) by an addendum to the Plan (the "APPENDIX").

       19.2   The Company may adopt one or more Appendixes. Each Appendix
              shall be approved by the Board and as required or advisable under
              applicable law.

       19.3   The terms of an Appendix shall govern only with respect to
              the types of Participants specified in such Appendix.

       19.4   In the case that the terms and conditions set forth in an
              Appendix conflict with any provisions of the Plan, the provisions
              of the Appendix shall govern with respect to Participants that are
              subject to such Appendix, provided, however, that such Appendix
              shall not be construed to grant the Participants rights not
              consistent with the terms of the Plan, unless specifically
              provided in such Appendix.

20.    NON-EXCLUSIVITY OF THE PLAN

       20.1   The adoption of the Plan by the Board shall not be construed as
              amending, modifying or rescinding any previously approved
              incentive arrangements or as creating any limitations on the power
              of the Board to adopt such other incentive arrangements as it may
              deem desirable, including, without limitation, the granting of
              Options other than under this Plan, and such arrangements may be
              either applicable generally or only in specific cases.

              ORSUS SOLUTIONS LIMITED - 2007 INCENTIVE OPTION PLAN

                                      -12-
<PAGE>

       20.2   The grant of Options hereunder shall neither entitle the recipient
              thereof to participate, nor disqualify him from participating in,
              any other grant of Options pursuant to this Plan or any other
              option or stock plan of the Company.

21.    MULTIPLE AGREEMENTS; OTHER CORPORATE ACTIONS

       21.1   The terms of each Option Grant may differ from other Options
              Grants granted under the Plan at the same time, or at any other
              time. The Board may also grant more than one Option Grant to a
              certain Participant during the term of this Plan, either in
              addition to, or in substitution for, one or more Option Grants
              previously granted to such Participant.

       21.2   Under no circumstances shall the Plan be construed to grant
              any right to a Participant, or any other third party, to postpone,
              delay or affect any corporate action resolved by the Company.

22.    GOVERNING LAW & JURISDICTION

       Unless otherwise determined in an Appendix, this Plan shall be governed
       by, construed and enforced in accordance with the laws of the state of
       Delaware, USA, without giving effect to the principles of conflict of
       laws. Any dispute or claim shall be put to the Board's resolution.
       Subject to the above, the competent courts of the state of Delaware, USA
       shall have sole jurisdiction in any matter pertaining to this Plan, and
       any other issue related to it.

23.    NO WAIVER

       The failure of the Company or any other party acting on its behalf or
       assisting it in implementing the Plan to enforce at any time any
       provisions of the Plan shall not be construed to constitute a waiver of
       such provision or of any other provision hereof.

24.    NOTICES

       24.1   Any notice, request, demand or other communication required
              or permitted under the Plan shall be in writing and shall be
              deemed to have been duly given, made and received only by personal
              delivery or if sent by certified mail, postage prepaid, return
              receipt requested, overnight delivery service, facsimile
              transmission (with confirmation of delivery), or confirmed e-mail
              to the address of the Company or the Participant, or to the
              address of the Participant as such was provided by him in the
              Option Grant Letter Agreement, unless such address is changed by
              written notice received by the Company.

              ORSUS SOLUTIONS LIMITED - 2007 INCENTIVE OPTION PLAN

                                      -13-
<PAGE>

       24.2   Except as otherwise set forth herein, any notice sent by mail
              shall be deemed to be given six days after deposit with the
              relevant post service; any notice sent by overnight delivery
              service shall be deemed given the first business day after
              deposited with the delivery service; and any notice sent by
              facsimile transmission or e-mail, shall be deemed given when
              transmitted if sent during normal business hours or if not, on the
              next business day; and any notice given by personal delivery shall
              be deemed given on the date of delivery.

       24.3   In the case a certain Participant changes his or her contact
              details, in a way that the contact details provided to the Company
              by him do not enable the Company to provide notices and other
              communications to such Participant, then such Participant shall be
              deemed to have waived his or her right to receive any notices, and
              the Committee shall have the right, in its sole discretion, to
              take any appropriate action under the circumstances.

              ORSUS SOLUTIONS LIMITED - 2007 INCENTIVE OPTION PLAN

                                      -14-
<PAGE>

Appendixes

Appendix A: Terms of grant of options to Israeli employees

Exhibits:

Exhibit A: Option Grant Letter Agreement

Exhibit B: Form of Exercise Notice

              ORSUS SOLUTIONS LIMITED - 2007 INCENTIVE OPTION PLAN

                                      -15-
<PAGE>

                                   APPENDIX A

                 TERMS OF GRANT OF OPTIONS TO ISRAELI EMPLOYEES

1.     PURPOSE OF THE APPENDIX

       1.1.   This Appendix (the "APPENDIX") is made as part of the Plan
              (as defined herein whereas all terms not otherwise defined herein
              shall have the meaning ascribed to them in the Plan) and pursuant
              to the provisions of Section 102 of the Income Tax Ordinance (as
              defined herein).

       1.2.   This Appendix governs grants of Options to Israeli Employees,
              either by a Trustee, or without a Trustee.

2.     DEFINITIONS

       As used herein, the following definitions shall apply:

       2.1.   "CAPITAL GAIN METHOD" means choosing the alternative of capital
              gain method under Section 102.

       2.2.   "DEPOSIT DATE" means the date in which options were deposited with
              the Trustee for the benefit of a certain Participant.

       2.3.   "ELIGIBLE PARTICIPANT" means any employee as such term is
              defined in Section 102. Without derogating from the foregoing
              Eligible Participant shall include any employee or Office Holder
              (as such term is defined in the Israeli Companies Law defined
              below) of the Company or any Subsidiary except for such persons
              that are deemed to be 'Ba'al Shlita' under Section 32 to the
              Income Tax Ordinance.

       2.4.   "INCOME TAX AUTHORITIES" mean the Israeli income tax authorities
              that are authorized to give approvals in relation with this
              Appendix and Option Grants to Eligible Participants.

       2.5.   "INCOME TAX ORDINANCE" means the Israeli Income Tax Ordinance
              (New Version) 1961, as amended from time to time.

       2.6.   "ISRAELI COMPANIES LAW" means the Israeli Companies Law
              5759 - 1999, as amended from time to time.

       2.7.   "LABOR INCOME METHOD" means choosing the alternative of labor
              income method under Section 102.

       2.8.   "PARTICIPANT" means any Eligible Participant who is granted with
              Options.

       2.9.   "PLAN" means the 2007 Incentive Option Plan this Appendix is
              attached to.

       2.10.  "REALIZATION EVENT" means, with respect to each Option Grant
              granted to a certain Participant, the earlier to occur of: (I)
              transfer of Securities from the Trustee to such Participant; or
              (II) the sale of Shares by the Trustee; or (III) one day before
              such Participant is no longer an Israeli resident (as provided for
              in Section 100A to the Income Tax Ordinance).

              ORSUS SOLUTIONS LIMITED - 2007 INCENTIVE OPTION PLAN

                                      -16-
<PAGE>

       2.11.  "RELEASE TERM" means: (i) in the case of Capital Gains Method, a
              period ending twenty four (24) months after the Deposit Date; (ii)
              In the case of Labor Income Method 'Release Term' shall mean a
              period ending twelve (12) months after the Deposit Date.

       2.12.  "SECTION 102" means Section 102 to the Income Tax Ordinance
              as amended from time to time, and / or as superseded and any rules
              regulations or instructions promulgated or enacted under such
              Section 102.

       2.13.  "SECURITIES" mean Options subject to a certain Option Grant
              and Shares received subsequent exercise of such Options.

       2.14.  "TAX METHOD" means either Capital Gains Method or Labor Income
              Method.

       2.15.  "TRUST" means a trust, maintained under the Trust Agreement
              entered into between the Company and the Trustee for
              administration of grant of Options under Section 102.

       2.16.  "TRUST AGREEMENT" means the agreement between the Company and the
              Trustee as may be in effect from time to time specifying the
              duties and authorities of the Trustee.

       2.17.  "TRUST ASSETS" mean all Securities and other assets held in
              Trust for the benefit of the Participants pursuant to this
              Appendix and the Trust Agreement

       2.18.  "TRUSTEE" means Gidon Duvshani (and any successor Trustee)
              who was, or shall be appointed by the Board of Directors of the
              Company and approved by the Income Tax Authorities to hold the
              Trust Assets.

3.     PROVISIONS OF THE APPENDIX SHALL GOVERN

       The provisions of the Appendix shall supersede and govern in the case of
       any inconsistency or conflict arising between the provisions of the
       Appendix and the provisions of the Plan, provided, however, that this
       Appendix shall not be construed to grant Participant rights not
       consistent with the terms of the Plan, unless specifically provided
       herein.

4.     SELECTION OF TAX METHOD - CAPITAL GAINS METHOD

       The Company chooses the Capital Gain Method ('MASLUL REVACH HON'). This
       choice may be changed in the future, by a Board resolution, provided,
       however, that the change in selection is permissible under the provisions
       of Section 102.

5.     HOLDING OF SECURITIES BY THE TRUSTEE

       5.1.   All Securities shall be issued to the Trustee to be held in
              the Trust for the benefit of the relevant Participants. All
              certificates representing Securities issued to the Trustee under
              this Appendix shall be deposited with the Trustee, and shall be
              held by the Trustee until such time that such Options or Shares
              are released from the Trust as herein provided.

              ORSUS SOLUTIONS LIMITED - 2007 INCENTIVE OPTION PLAN

                                      -17-
<PAGE>

       5.2.   After the Release Term is over, a Participant shall be entitled to
              instruct the Trustee to transfer the Shares held for such
              Participant's benefit to such Participant, provided, however, that
              the Trustee confirms that all applicable tax as set in Section 102
              was actually paid and the Trustee holds a confirmation to that
              effect from Income Tax Authorities.

       5.3.   In the case that the Company distributes dividends, than the
              amount of dividends with respect of Shares held in Trust shall be
              paid to the Participants that are the beneficial holders of such
              Shares, subject to deduction at source of the applicable tax.

6.     PROVISIONS GOVERNING THIS APPENDIX AND PLAN

       Notwithstanding anything to the contrary in the Plan or elsewhere in this
       Appendix:

       6.1.   The Plan shall have one, sole, Trustee.

       6.2.   The Appendix shall be subject to one Tax Method, unless the
              provisions of Section 102 allow otherwise.

       6.3.   Unless the provisions of Section 102 allow otherwise, the
              Participants shall not be entitled to cause a Realization Event to
              occur unless the Release Term is fulfilled.

       6.4.   All rights or benefits that are received subsequent to the grant
              or exercise the Options or the Shares underlying such Options
              (including and not limited to bonus shares) shall be deposited
              with the Trustee until the end of the Release Term, and all such
              rights and benefits shall be subject to the Tax Method selected by
              the Company.

7.     EFFECTIVENESS OF THE APPENDIX.

       This Appendix shall become effective, and Option Grants may be granted
       hereunder only after receipt the required approvals under Section 102
       from the Income Tax Authorities.

8.     ADDITIONAL LIMITATIONS

       8.1.   The Company shall not issue Options to a Participant unless
              such Participant confirmed in writing that he/she is aware of the
              provisions of Section 102 and the applicable Tax Method, and such
              Participant agreed in writing to the terms of the Trust Agreement,
              and that he/she shall not cause a Realization Event to occur
              before the Release Term is over. The form for the above
              confirmation shall be determined by the Committee, and shall be
              attached to the Plan as Exhibit A.

       8.2.   By accepting an Option Grant, each Participant agrees
              irrevocably to discharge the Trustee, the Company and any other
              office holder, employee or agent thereof from any liability with
              respect of any action or decision duly taken and bona fide
              executed in relation with the Plan, or relating to any Option
              Grant or Shares.

              ORSUS SOLUTIONS LIMITED - 2007 INCENTIVE OPTION PLAN

                                      -18-
<PAGE>

9.     GRANT OF OPTIONS NOT BY A TRUSTEE

       Notwithstanding the above, the Company shall be entitled to allocate
       Option Grants not according to the Tax Methods, but by direct grant to
       Participants, provided, however, that the requirements of Section 102 are
       met.

10.    GOVERNING LAW

       Notwithstanding anything to the contrary in the Plan, this Appendix and
       the Plan shall, in relation to grants of Options to Israeli Employees be
       governed by, construed and enforced in accordance with the laws of the
       state of Israel, without giving effect to the principles of conflict of
       laws. Any dispute or claim shall be put to the Board's resolution.
       Subject to the above, the competent courts of Israel shall have sole
       jurisdiction in any matter pertaining to this Appendix and Plan, and any
       other issue related thereto.

              ORSUS SOLUTIONS LIMITED - 2007 INCENTIVE OPTION PLAN

                                      -19-
<PAGE>

                                   EXHIBIT A

                         OPTION GRANT LETTER AGREEMENT

This letter agreement (the "AGREEMENT") is made is made as of _______ __, 2007,
by and among Orsus Solutions Limited (the "COMPANY") and _________, an
[Israeli/US citizen], I.D number _______ (the "PARTICIPANT").

WHEREAS   The Company adopted the 2007 Incentive Option Plan (together with
          applicable Appendixes, the "PLAN"), a copy of which was reviewed by
          the Participant; and

WHEREAS   The Company resolved to grant to the Participant an Option Grant,
          subject to the terms and conditions herein; and

NOW, THEREFORE, it is agreed as follows:

1.     All terms not defined herein shall have the meaning ascribed to them in
       the Plan.

2.     The Company resolved to grant certain options (the "OPTION GRANT") to
       purchase the Company's Ordinary A Shares to the Participant.

3.     The terms of the Option Grant are as follows:

       3.1.   Number of Options: _______ (____________________).

       3.2.   Vesting Schedule - as defined in the Plan / ___________________.
              [Choose the relevant alternative]

       3.3.   Vesting Commencement Date: _____ __, 200_.

       3.4.   Exercise Price per options: US$0.5 per share.

       3.5.   Acceleration Terms: ________________________

4.     The grant of the Option Grant is conditioned upon, and shall not become
       effective unless and until the Participant agreeing to the terms of this
       Agreement.

5.     Contact details and personal details of the Participant as supplied by
       it:

       5.1.   Full name: _________.

       5.2.   Identification / registration number: _____________.
              [For Israeli citizens or entities]

       5.3.   Address: ______________.

       5.4.   Telephone (home): _________.

       5.5.   Cellular Phone: ____________.

       5.6.   Facsimile: __________.

       5.7.   E-mail (other than your Company's email account): ______________.

              ORSUS SOLUTIONS LIMITED - 2007 INCENTIVE OPTION PLAN

                                      -20-
<PAGE>

6.     The grant is made in accordance with the terms of the Plan.

7.     Prior to signing this Agreement Participant had the reasonable
       opportunity to review the Plan and consult with his / her advisors (such
       advisors shall not include the Company or anyone on the Company's behalf)
       as Participant deemed fit.

8.     Participant hereby confirms that he /she received reasonable opportunity
       to review the Plan and understand its terms, and that Participant agrees
       to the terms and provisions of the Plan.

9.     The Participant acknowledges and agrees that the Company may be merged,
       or acquired or sold to a third party, and in such case, by signing this
       Agreement, the Participant grants the Board, or anyone on behalf of the
       Board, the right to sign on behalf of such Participant any document or
       agreement reasonably necessary, in the Board's discretion, in order to
       consummate such acquisition, merger or sale.

10.    Participant hereby confirms that he /she is aware of the provisions of
       Section 102 (the updated Section 102 is attached hereto as Schedule A)
       and the applicable Tax Method.

11.    Participant shall not exercise shares (as such term is defined in Section
       102) before the Release Term.

12.    Participant agrees to the terms in the Trust Agreement (attached hereto
       as SCHEDULE B).

       [Sections 10 - 12 are applicable only to grants under Appendix A]

Sincerely yours,

______________________________                    ______________________________
    ORSUS SOLUTIONS LIMITED                               [PARTICIPANT]

By: __________________________                    Name: ________________________
Title: _______________________

              ORSUS SOLUTIONS LIMITED - 2007 INCENTIVE OPTION PLAN

                                      -21-
<PAGE>

                                   EXHIBIT B

                            FORM OF EXERCISE NOTICE

TO:     ORSUS SOLUTIONS LIMITED (the "COMPANY")

Attention: SECRETARY, CFO

       1.       EXERCISE OF OPTION. Effective as of today, _________ ___, 200_,
I the undersigned ("PARTICIPANT") hereby elect to exercise Participant's option
to _________ Shares, each US$0.01 par value of the Company (hereinafter the:
"SHARES"), under and pursuant to the Company's 2007 Incentive Option Plan (the
"PLAN") and the Option Grant Letter Agreement dated ________ __, 200_ (the
"OPTION AGREEMENT").

       2.       DELIVERY OF PAYMENT. Participant herewith delivers to the
Company the full payment for the Shares, as set forth in the Option Agreement.

       3.       REPRESENTATIONS OF PARTICIPANT. Participant acknowledges that
Participant has received, read and understood the Plan and the Option Agreement
and agrees to abide by and be bound by their terms and conditions.

       4.       RIGHTS AS SHAREHOLDER. Until the issuance of the Shares (as
evidenced by the appropriate entry on the books of the Company or of a duly
authorized transfer agent of the Company), no right to receive dividends or any
other rights as a shareholder shall exist with respect to the Optioned Shares,
notwithstanding the exercise of the Option. The Shares shall be issued to
Participant as soon as practicable after the Option is exercised. No adjustment
shall be made for a dividend or other right for which the record date is prior
to the date of issuance of the Shares.

       5.       WAIVER OF RIGHTS. The Participant hereby waives any of the
following rights to the extent such rights are attached to the Shares: (i)
pre-emptive rights in relation to issuance of new securities in the Company;
(ii) rights of first refusal in relation with any sale of shares of the Company;
(iii) co-sale rights in relation with any sale of shares of the Company

       6.       TAX CONSULTATION. Participant understands that Participant may
suffer adverse tax consequences as a result of Participant's purchase or
disposition of the Shares. Participant represents that Participant has consulted
with any tax consultants Participant deems advisable in connection with the
purchase or disposition of the Shares and that Participant is not relying on the
Company or any Related Entity for any tax advice.

Submitted by:
PARTICIPANT

Signature: _______________________

Print Name: ______________________

ADDRESS: _________________________

              ORSUS SOLUTIONS LIMITED - 2007 INCENTIVE OPTION PLAN

                                      -22-exhibit_4-10.htm

EXHIBIT 4.10

 

CONTRACT FOR THE “SUPPLY, INTEGRATION AND MAINTENANCE SERVICES, OF THE NATIONWIDE IT SOLUTION OF [          ] .”

The following parties appear for the signing of this Contract, (Hereinafter indistinctively: the “Contract” or the “Agreement”): [          ], referred to as “THE CONTRACTING PARTY” or “THE CUSTOMER”; and, ON TRACK INNOVATIONS LTD OTI, a company of Israeli nationality [          ] will be referred to as “THE CONTRACTOR” or “THE COMPANY”; and, by the rights they represent, freely and voluntarily agree to enter into this Contract according to the content of the following clauses::

FIRST.- BACKGROUND:

	
1.1.

	
   [          ].

	
1.2.

	
   [          ].

 

	
1.3.

	
   [          ] .

 

	
1.4.

	
   [          ].

 

	
1.5.

	
   [          ].

 

	
1.6.

	
   [          ].

 

	
1.7.

	
   [          ].

 

	
1.8.

	
   [          ].

 

	
1.9.

	
   [          ].

	
1.10.

	
   [          ].

 

	
1.11.

	
   [          ].

	
1.12.

	
   [          ].

 

	
1.13.

	
   [          ].

SECOND .- CONTRACT DOCUMENTS:

2.1. The following documents, which must be recorded, are an integral part of the Contract:

2.1.1. The documents certifying the quality of the parties present and their ability to conclude the contract;.

	
2.1.2 

	
[          ]

	
2.1.3. 

	
[          ].

	
2.1.4.

	
[          ].;

 

  

Unofficial Translation

  

 

2.1.5. The Certification of budget availability; and,

2.1.6. The Award Resolution.

 

2.2. The following documents, which must not be recorded, are part of the contract:

2.2.1. The pre-contractual documents of the project that is contracted; including the bidding specifications of the process, particularly section V called “General and technical specifications”, in which the following subsections are included:

“5.1 General Project Information (in which the technology and the architecture of the system are stated)

5.2 Roles and responsibilities provided for the implementation of the project (scope of the responsibilities assumed by each one of the parties)

5.3 Project management methodology

5.4 Maintenance obligations

5.5 Confidentiality obligations

5.6 Form formats”

 

2.2.2. The technical and financial offer submitted by the Contractor, included in it: the detailed description of the characteristics and technical specifications of the good and services offered; form No. 6 which states the List of Goods, services and prices, as well as the Project Implementation  Plan (Schedule);

2.2.3. The following Guarantees:

2.2.3.1. Of Full Compliance with the Contract

2.2.3.2. For the advance payment

2.2.3.3. Technical Guarantees

 

2.2.4. The following appendices:

APPENDIX A: Payment Terms

APPENDIX B: Import Procedure

APPENDIX C: Scope of Responsibility

APPENDIX D: Project Execution Terms

THIRD.- INTERPRETATION AND DEFINITION OF TERMS:

The terms of the Contract should be interpreted in a literal sense, in the context thereof, and whose purpose clearly discloses the intention of the contracting parties. In any case its interpretation follows the following rules: 1) When the terms are defined in the laws of [          ], it will meet the definition. 2) If they are not defined in the laws of [          ] it will be in accordance to what is provided in the contract, in accordance with the definitions outlined below; and, in its literal and obvious sense, in accordance with the contractual purpose and intention of the contracting parties. 3) In case of its lack or inadequacy the rules contained in [          ] will be applied.

 

 

  

Unofficial Translation

  

 

In this Contract, the following terms have the meanings detailed below:

 

	
·

	
“System”.-

	
 The IT solution required for the nationwide expansion of the Pilot Plan implemented in the city of [          ], including the hardware, software, and other required services, as it is described in the technical specifications including the provision of [          ]  electronic identification cards; system which must contain among other features the capacity to verify the real identity of the identification card holders by biometric information.

	  	  	  
	
·

	
 “Electronic Identification Card”.-

	
Electronic person identification document, which includes, among other features, the capability to ensure the true identity of the cardholders by biometric information.

	  	  	  
	
·

	
“Material breach”.-

	
a breach of commitment, obligation, warranty or representation of any provision of the following clauses or appendices in this Contract: Terms of Payment, Guarantees, and Confidentiality.

	  	  	  
	
·

	
“Main System”.- 

	The components that enable people to register and obtain the new electronic identification card and inscriptions of various kinds, based on OTI ́s Magna system.
	  	  	  
	
·

	
“Final Delivery”.-

	
The final delivery of all the goods and services as detailed in the List of Goods and Services provided for in the proposal submitted by OTI.

 

If there are inconsistencies between the Contract and the documents thereof, the Contract provisions will prevail. If there are contradictions between the contractual provisions, the contracting Entity will determine the prevalence of a text, in accordance with the contractual purpose. If the CONTRACTOR ́S bid contained in its offer differs from the content of the bidding specifications or if it specifies its scope, the content of said offer will apply for the contractual implementation.

FOURTH.- OBJECT OF THE CONTRACT:

THE CONTRACTOR is committed and obligated toward THE CONTRACTING PARTY to the SUPPLY, INTEGRATION AND MAINTENANCE SERVICES, OF THE NATIONWIDE IT SOLUTION OF [          ], according to 1. The technical terms and specifications that are stated in the bidding specifications, particularly in section V (General and technical specifications); 2. the technical and financial offer submitted by the CONTRACTOR including: 2.1.  the detailed description of the technical features and specifications of the goods and services offered; 2.2. form No. 6 in which the List of goods and services and prices is stated; 2.3. the Project Implementation Plan (schedule), and 3) in the stipulations of this contract.

The technological project to be implemented entails developing the required IT system [          ] The project includes the implementation of the methodology to develop the required change and includes the development of an IT system or software, using the technology implemented in the [          ] Pilot Plan; the provision and installation of the equipment, the peripherals and the computer servers required on a national scale; and, the necessary training process; all of which must be subject to the detailed requirements, terms and conditions included in the Technical Specifications. Consequently, THE CONTRACTOR is obligated to deliver the required IT system on a national scale in operating conditions, which includes everything necessary for enrolment and personal data capture and to print and manage the electronic identification cards, as well as to provide the technical support to carry out the project, the necessary design, development, and integration so that the IT solution may be implemented nationwide, according to the agreed upon technical conditions.

 

  

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The goods and services to be provided as the object of the present contract, will only use the existing system implemented in the [          ] Pilot Plan.

The importation of [          ] electronic identification cards and/or the equipment or systems required pursuing this contract will be carried out according to the procedure stated in APPENDIX B.

For the implementation of the project, object of this contract the content of the Bidding specifications will be observed, the offer submitted by the CONTRACTOR in which the project implementation mechanisms are specified, as well as the terms pointed out in APPENDIX D.

FIFTH.- PRICE AND PAYMENT METHOD:

THE CONTRACTING PARTY will pay THE CONTRACTOR for the execution of this contract, the total amount of TWENTY SEVEN MILLION NINE HUNDRED AND NINETY THOUSAND SEVEN HUNDRED AND SEVENTY SEVEN DOLLARS OF THE UNITED STATES OF AMERICA (USD. 27,990,777,00), amount which does not include the Value Added Tax VAT.

[          ]

The payment method is stated in APPENDIX A of this contract.

It is expressly provided herein that the CONTRACTOR assumes as its responsibility the payment of tax obligations generated from the signing and execution of this Contract; and that are provided by [          ] law as of the signing of this Contract. Any additional tax charges that eventually will be generated after the signing of this Contract, which are different from the ones presently existent under [          ] law, will be assumed directly by the CONTRACTING PARTY as well as the payment of eventual taxes related to transfers or imports that the contracting entity acquires. The withholdings generated by the signing of this Contract or that come from the payment of invoices related thereto will be deducted and made by the [         ] of "THE CONTRACTING PARTY”, in accordance with current tax legislation.

During the execution of the contract, [          ] must pay the taxes in [          ] related to the nationalization of the corresponding BOM (Bill of Materials) Components (pointed out in form No. 6 of the bid submitted by the Contractor in which the List of goods, services and prices of the Project delivered by the Contractor is stated.

The payments that the [          ] makes to bank accounts overseas, by virtue of the signing of the contract, will not be subject to taxes related to the outflow of capital, given its public nature.

The correct financial implementation of payments, as to the accuracy, legality and ownership thereof, shall be the responsibility of the [          ] of “THE CONTRACTING PARTY”.

“THE CONTRACTING PARTY” must pay all taxes in [          ] related to the nationalization of Project Components delivered by “THE CONTRACTOR”; including the transportation expenses to the destination.

SIXTH.- TERM:

The term of this Contract is 30 calendar months, counting from the Commencement Date, which shall be the date on which the Advance payment is actually received from "THE CONTRACTING PARTY”; meaning that the funds are credited to the bank account designated by “THE CONTRACTOR”.

 

  

Unofficial Translation

  

 

SEVENTH.- GUARANTEES:

	
  

	
7.1

	
Guarantee of Due Fulfillment of the Contract.- THE CONTRACTOR, according to what is provided in [          ], upon signing this contract submits the due fulfillment guarantee/s to THE CONTRACTING PARTY, to guarantee compliance thereof, as well as the obligations that are contracted on behalf of third parties related to the contract.

This/ese guarantee/s, in accordance with [          ], will be issued for five percent (5%) of the contract amount.

	
  

	
7.2

	
Advance Payment Guarantee.- To ensure the proper utilization of the advance payments that THE CONTRACTING PARTY makes, THE CONTRACTOR will deliver on behalf of THE CONTRACTING PARTY, prior to receiving them, the bank guarantee/s for an amount equivalent to the total of the advance payment; that is, 40 % of the contract amount. The guarantee/s will be reduced to the extent that the advance payment is amortized, until its/their total payment.

	
  

	
7.3

	
Balance Guarantee.- In order to guarantee the 60% balance of the amount of the contract, before receiving the corresponding amount, THE CONTRACTOR will deliver to THE CONTRACTING PARTY the bank guarantee/s for an amount equivalent to the total amount that is received and according to APPENDIX in which the payment method is stated. The guarantee/s will be reduced to the extent that the advance payment is amortized, until its/their total payment.

	
  

	
7.4

	
Technical Guarantees.- To ensure quality and proper functioning of the electronic identification cards, to be delivered under the fulfillment of this contract, THE CONTRACTOR, upon signing the contract, and as an integral part thereof, provides a technical guarantee that will be valid for 10 years.

 

In the same manner, in order to guarantee the quality and proper functioning of the electronic identification system to be delivered under the fulfillment of this contract, THE CONTRACTOR, upon signing the contract, and as an integral part thereof, delivers a technical guarantee that will remain valid under the conditions provided in the document issued to that effect by THE CONTRACTOR as part of the offer.

These guarantees are independent and will survive after the principal obligation is fulfilled. These guarantees will enter into force upon the delivery/receipt of the goods.

THE CONTRACTOR is required to maintain the due fulfillment guarantee/s of the contract until receipt thereof, which extinguishes the agreed obligations; the Advance Payment guarantee/s, as well as the Balance Payment guarantee/s, until their payment and as to the unamortized portion of said amounts; and, the technical guarantees until the end of their term.

EIGHTH.- TERM EXTENSIONS:

 

The entire term or partial terms of this Contract will be extended automatically in the following cases:

	
  

	
a)

	
Due to force majeure alleged by THE CONTRACTOR and accepted as such by THE CONTRACTING PARTY;

	
  

	
b)

	
Due to suspensions in the execution of the contract ordered by THE CONTRACTING PARTY, and not due to causes attributable to the CONTRACTOR; for the duration of the suspension;

 

  

Unofficial Translation

  

 

	
  

	
c)

	
Due to delays or breach of the contractual obligations by THE CONTRACTING PARTY, whether related to its payments to be made under this Contract or any other obligation of THE CONTRACTING PARTY. Such breach or delay will cause an automatic extension of such length of time as will be justified by THE CONTRACTOR. To this effect, the parties agree that breaches or delays will generate time extensions for a period equal to, or greater than, the length of time of the delay caused by THE CONTRACTING PARTY; without it being possible to demand THE CONTRACTOR’s fulfillment of its obligations as long as THE CONTRACTING PARTY’s contractual obligations remain unfulfilled.

In cases of extensions, the parties will develop a new time schedule which, after being signed and accepted by them, will replace the original or precedent and will have the same contractual value as the replaced contract

NINTH.- FINES:

For each day of delay in implementing the contractual object described in clause four of this contract, for reasons directly attributable to THE CONTRACTOR, it shall be fined with one per thousand (0.001) of the unpaid contract price until then; and as long as THE CONTRACTING PARTY has fulfilled its contractual obligations, including payments. If the amount of the fines exceeds 5% of the total amount of the Contract, THE CONTRACTING PARTY may terminate it before the termination date and unilaterally. Fines may not be reviewed nor returned under any circumstance.

Notwithstanding the foregoing, no penalty for delay will apply to THE CONTRACTOR, in each of the following cases:

	
  

	
a)

	
Due to delay that does not exceed 14 days,.

	
  

	
b)

	
If such delay is caused by the action of THE CONTRACTING PARTY (even in the event of delay in response to requests or requirements on the part of THE CONTRACTOR);

	
  

	
c)

	
If the delay will not result in a change in the Final Delivery Date of the Project.

TENTH.- OTHER OBLIGATIONS OF THE CONTRACTOR:

In addition to the obligations provided in this contract and its Appendices, THE CONTRACTOR is obliged to comply with any other obligation arising naturally and legally from the subject matter hereof and may be binding by being stated in any document thereof or in a statutory rule specifically applicable to it, which is accepted by THE CONTRACTOR.

ELEVENTH.- OBLIGATIONS OF THE CONTRACTING PARTY:

The obligations of THE CONTRACTING PARTY, apart from those provided in other clauses of the contract and its appendices, are the following:

	
  

	
a)

	
To comply with the obligations under the contract, and in the documents thereof, in an agile and timely manner.

	
  

	
b)

	
To provide timely solutions to problems arising in the execution of the contract and that are not attributable to THE CONTRACTOR.

	
  

	
c)

	
To facilitate the provision of work permits for foreign nationals working for THE CONTRACTOR, as may be required during the execution of this Contract.

TWELFTH.- CONTRACT ADMINISTRATOR:

The Contract Administrator will be [          ].

 

  

Unofficial Translation

  

 

THIRTEENTH.- INTELLECTUAL PROPERTY, SOURCE CODES, PERMITS, LICENSES, AND CONFIDENTIALITY:

The aspects related to intellectual property and the delivery of the Source Codes will be submitted to the terms provided in APPENDIX  D of this Contract.

 

THE CONTRACTING PARTY shall provide THE CONTRACTOR with all permits, licenses, authorizations, consents and approvals (including, but not limited to) environmental licenses and permits for implementation) as may be required, and carry out all relevant formalities for the Execution of this Project, including and without restriction: a) To allow the timely implementation of the project; b) To acquire at any moment and without any restriction whatsoever the necessary permits for the transfer of the CONTRACTOR ́S funds exempt of al tariffs or taxes, in the form provided in the current law; c) in order to additionally offer support so that the foreign-national staff necessary for the implementation of the Project may have the necessary permanence permits.

The parties agree to respect and abide by the Confidentiality document, which is stated in subsection 5.5 of Section V of the Bidding Specifications of the Process

FOURTEENTH.- SEVERABILITY:

If any of the terms, clauses, provisions or part of this contract is declared unenforceable for any reason, the remaining terms, clauses, provisions and parts of it remain in full force, as though this contract were entered into without the location of the unenforceable provision that appears herein. In that event, the parties shall ensure that the contract be interpreted to give effect to the greatest extent possible and permitted by law, the meaning and intent of the unenforceable provision. If necessary, the parties will implement a provision that is legally valid and current and reflects to the greatest extent possible the intent of the parties, as included in the unenforceable provision.

FIFTEENTH.- DISPUTES:

 

15.01.- If divergences or controversies in the interpretation or implementation of this contract were to arise, when the parties should not arrive at a direct amicable agreement, they may use the alternative methods [          ].

 

In order for the arbitration to proceed, [          ], according to [          ].

 

15.02.- In case the parties opt for voluntary jurisdiction, the parties agree to submit the controversies related to this contract, its implementation, settlement and interpretation to arbitration and mediation and the following is agreed:

 

15.02.01.- Mediation.- All controversies or differences related to this contract, its implementation, settlement and interpretation, will be resolved with the assistance of a mediator from [          ]. In the event that the conflict were not resolved through this mechanism for the solution of controversies, the parties submit to Arbitration according to the following rules:

 

 15.02.02.- Arbitration.-

 

	
  

	
a)

	
The arbitration will be in Law.

	
  

	
b)

	
The parties submit to [          ].

	
  

	
c)

	
The provisions of the [          ] will be applicable, as well as those in the regulations of [          ].

	
  

	
d)

	
The Arbitration Tribunal will be made up of three arbitrators. The selection and constitution procedure of the Tribunal will be provided in the Law and in the Regulation of [          ].

 

  

Unofficial Translation

  

 

	
  

	
e)

	
The arbitrators will be attorneys preferably with experience in the subject matter that motivates the controversy. The designated arbitrators may or may not belong to the list of arbitrators of the [          ].

	
  

	
f)

	
Matters resolved through arbitral award will have the same validity as the final judgments passed by ordinary justice.

	
  

	
g)

	
[          ] legislation is applicable to this Contract and its interpretation, execution and settlement.

	
  

	
h)

	
The venue for the arbitration is the city of [          ].

	
  

	
i)

	
The language for the arbitration will be [          ].

	
  

	
j)

	
The term to issue the arbitral award will be a maximum of 90 days, counting from the moment of swearing in the arbitrator(s).

 

15.03.- If there should not be an agreement regarding the provoked divergence or divergences, and the parties decide to submit them to the procedure established in [          ],  [          ] that exercises jurisdiction in [          ] will be competent to address the controversy.

 

15.04.- [          ] legislation is the one applicable to this Contract. Consequently, the CONTRACTOR waives the right to use diplomatic recourse for all claims related to this Contract. If the CONTRACTOR should not comply with this commitment, the CONTRACTING PARTY may unilaterally terminate the contract and execute the guarantees.

If differences or disputes may arise in the interpretation or performance of this contract, the parties shall seek to reach an agreement that resolves the problem. In the absence of an agreement, the parties shall submit the matter at issue to mediation in [          ], in accordance with the provisions of [          ]. If there is no agreement in mediation, the dispute as prescribed in [          ] will be subject to the decision of [          ], in observance of [          ] law and the terms of this contract; for which purpose the parties waive jurisdiction and domicile. [          ].

SIXTEENTH.- TERMINATION OF THE CONTRACT:

As provided in [          ], this contract will end by:

	
  

	
16.1.

	
Full compliance with contractual obligations;

	
  

	
16.2.

	
Mutual agreement of the parties;

	
  

	
16.3.

	
Executed sentence declaring the nullity of the contract; or the termination of the contract at the request of THE CONTRACTOR;

	
  

	
16.4.

	
Unilateral declaration of THE CONTRACTING PARTY, in the event of breach by THE CONTRACTOR;

	
  

	
16.5.

	
Due to dissolution of THE CONTRACTOR ́S legal person that does not originate from internal voluntary decision of the competent bodies of said legal person.

Ultimately the Contract ends with the fulfillment of contractual obligations or in advance for reasons attributable to the parties or by mutual agreement. The procedure for termination of the Contract, for the reasons outlined above, will be governed in accordance with [          ] and its Application regulation.

a. Termination by mutual consent.- Pursuant to the grounds established in [          ]; the parties can terminate the contract before the agreed upon date, in the event of the situations provided in such legal provision occur.

b. Unilateral termination of the Contract.- In accordance with the provisions of [          ] and following the procedure indicated in [          ] therein, THE CONTRACTING PARTY may decide to terminate this Contract, early and unilaterally, in the following cases:

1. Due to breach by THE CONTRACTOR;

 

  

Unofficial Translation

  

 

2. Due to bankruptcy of THE CONTRACTOR;

3. If the value of the fines exceeds the amount of the guarantee of due fulfillment of the contract;

4. Due to suspension of work at the discretion of THE CONTRACTOR, for more than sixty (60) days not due to force majeure or fortuitous events;

5. Due to the fact that contracts have been signed against the express prohibition of [          ] ;

6. In the other cases stipulated in this contract, according to their nature;

7. THE CONTRACTING PARTY may also decide to terminate the contract early and unilaterally when, faced with unexpected technical or financial circumstances or a fortuitous event or force majeure, duly verified, THE CONTRACTOR has not agreed to mutually terminate the contract. In this case, the guarantee of faithful performance of the contract will not be executed nor shall THE CONTRACTOR be recorded as breaching.

c. Termination for reasons attributable to the CONTRACTING PARTY.- The CONTRACTOR may demand termination of the contract for the following reasons attributable to the CONTRACTING PARTY:

1. Due to the breach of contractual obligations by more than sixty (60) days;

2. Due to the suspension of work for more than sixty (60) days, arranged by the entity without reasons of force majeure or fortuitous event;

3. Where due to unforeseen technical or financial circumstances or force majeure or fortuitous event, duly verified, THE CONTRACTING PARTY has not agreed to mutually terminate the contract.

In all cases of termination of this Contract, there will be receptions and settlements in accordance with the [          ]  General Application Regulation.

SEVENTEENTH.- ADDRESS, JURISDICTION, AND PROCEDURE:

For all purposes of this contract, the parties agree in designating their domicile in the city of [          ], THE CONTRACTOR waives any jurisdiction privileges that it may have due to domicile.

Disputes should be handled in accordance with the provisions in clause Fifteen of this contract.

For the effect of notifications or rectifications, the parties designate the following addresses:

The Contracting Party: [          ] .

The Contractor: [          ] .

 

EIGHTEENTH.- ACCEPTANCE AND SUBSCRIPTION:

Freely and voluntarily, after complying with all the requirements of the laws of matter, the parties expressly state their acceptance of everything agreed in this contract and its appendices, and submit to its stipulations, for which this contract is signed in three copies of equal value and content in the city of [          ]  on the 9th day of the month of December, 2009.

 

	
[          ]

	
ON TRACK INNOVATIONS LTD. OTI

	  	  
	
[          ]

	
[          ]

 

	
CONTRACTING PARTY

	
CONTRACTOR

 

 

Unofficial Translation

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