Document:

Exhibit 4.1

 

Privileged & Confidential

 

WARRANT
TO PURCHASE ORDINARY SHARES

 

THE
SECURITIES REPRESENTED BY THIS INSTRUMENT HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED, OR THE SECURITIES
LAWS OF ANY STATE AND MAY NOT BE TRANSFERRED, SOLD OR OTHERWISE DISPOSED OF EXCEPT PURSUANT TO AN EFFECTIVE REGISTRATION STATEMENT
UNDER SUCH ACT AND APPLICABLE STATE SECURITIES LAWS OR PURSUANT TO AN EXEMPTION FROM REGISTRATION UNDER SUCH ACT OR SUCH LAWS.

 

THIS
INSTRUMENT IS ISSUED PURSUANT TO AND SUBJECT TO THE RESTRICTIONS ON TRANSFER AND OTHER PROVISIONS OF A TRANSACTION AGREEMENT,
DATED AS OF SEPTEMBER 14, 2020, BY AND BETWEEN THE ISSUER OF THESE SECURITIES AND AMAZON.COM, INC., A DELAWARE CORPORATION, A
COPY OF WHICH IS ON FILE WITH THE ISSUER. THE SECURITIES REPRESENTED BY THIS INSTRUMENT MAY NOT BE SOLD OR OTHERWISE TRANSFERRED
EXCEPT IN COMPLIANCE WITH SAID AGREEMENT. ANY SALE OR OTHER TRANSFER NOT IN COMPLIANCE WITH SAID AGREEMENT WILL BE VOID.

 

WARRANT

to purchase

3,401,028

Ordinary Shares of

Kornit Digital Ltd.,

an Israeli Limited Company

 

Issue
Date: September 14, 2020

 

1.
Definitions. Unless the context otherwise
requires, when used herein the following terms shall have the meanings indicated.

 

“Acquisition
Transaction” has the meaning ascribed to it in the Transaction Agreement.

 

“Affiliate”
has the meaning ascribed to it in the Transaction Agreement.

 

“Amazon”
means Amazon.com, Inc., a Delaware corporation.

 

“Appraisal
Procedure” means a procedure in accordance with the American Institute of Certified Public Accounts, Inc. (“AICPA”)
“VS Section 100 - Valuation of a Business, Business Ownership Interest, Security or Intangible Asset” and such other
associated AICPA guidance as is reasonable and applicable whereby two independent appraisers, each employed by firms nationally
recognized for valuation expertise and each reasonably experienced in appraising the market value of securities of size in value
and characteristics of the Warrant (each a “Qualified Appraiser”), one chosen by the Company and one by the
Warrantholder, shall mutually agree upon the determinations then the subject of appraisal. Each party shall deliver a notice to
the other appointing its Qualified Appraiser within fifteen (15) days after the date that the Appraisal Procedure is invoked.
If within thirty (30) days after receipt by each party of the notices appointing the two Qualified Appraisers, such appraisers
are unable to agree upon the amount in question, a third Qualified Appraiser shall be chosen within ten (10) days after the end
of such thirty (30)-day period by: (i) the mutual consent of such first two appraisers; or (ii) if such two first appraisers fail
to agree upon the appointment of a third appraiser, such appointment shall be made by the American Arbitration Association, or
any organization successor thereto, from a panel of Qualified Appraisers. If any appraiser initially appointed shall, for any
reason, be unable to serve, a successor Qualified Appraiser shall be appointed in accordance with the procedures pursuant to which
the predecessor appraiser was appointed. In the event a third appraiser is appointed, the decision of such third appraiser shall
be given within thirty (30) days after such appraiser’s selection. If three appraisers are appointed and the determination
of one appraiser is disparate from the middle determination by more than twice the amount by which the other determination is
disparate from the middle determination, then (a) the determination of such appraiser shall be excluded, (b) the remaining two
determinations shall be averaged and (c) such average shall be binding and conclusive upon the Company and the Warrantholder;
otherwise, the average of all three determinations shall be binding and conclusive upon the Company and the Warrantholder. The
costs of conducting any Appraisal Procedure shall be borne fifty percent (50%) by the Company and fifty percent (50%) by the Warrantholder.

 

    1

     

    

 

“Assumed
Payment Amount” has the meaning ascribed to it in Section 12(iii).

 

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

 

“Business
Combination” means a merger, consolidation, statutory share exchange, reorganization, recapitalization or similar extraordinary
transaction (which may include a reclassification) involving the Company.

 

“Business
Day” has the meaning ascribed to it in the Transaction Agreement.

 

“Cash
Exercise” has the meaning set forth in Section 3(ii).

 

“Cashless
Exercise” has the meaning set forth in Section 3(ii).

 

“Cashless
Exercise Ratio” with respect to any exercise of this Warrant means a fraction (i) the numerator of which is the
excess of (x) the VWAP for the Ordinary Shares for the thirty (30) Trading Days immediately preceding such exercise date
over (y) the Exercise Price, and (ii) the denominator of which is the VWAP for the Ordinary Shares for the thirty
(30) Trading Days immediately preceding such exercise date.

 

“Company”
means Kornit Digital Ltd., an Israeli limited company.

 

“Confidentiality
Agreement” has the meaning ascribed to it in the Transaction Agreement.

 

“Designated
Company Office” has the meaning set forth in Section 3(ii).

 

“Distribution”
has the meaning set forth in Section 12(ii).

 

“DTC”
has the meaning ascribed to it in the Transaction Agreement.

 

“DWAC”
has the meaning ascribed to it in the Transaction Agreement.

 

“Equity
Interests” means any and all (a) shares, interests, participations or other equivalents (however designated)
of capital stock or other voting securities of a corporation, any and all equivalent or analogous ownership (or profit) or voting
interests in a Person (other than a corporation), (b) securities convertible into or exchangeable for shares, interests,
participations or other equivalents (however designated) of capital stock or voting securities of (or other ownership or profit
or voting interests in) such Person, and (c) any and all warrants, rights or options to purchase any of the foregoing,
whether voting or nonvoting, and in each case, whether or not such shares, interests, participations, equivalents, securities,
warrants, options, rights or other interests are authorized or otherwise existing on any date of determination.

 

“Exchange
Act” means the Securities Exchange Act of 1934, as amended, or any successor statute, and the rules and regulations
promulgated thereunder.

 

“Exercise
Period” has the meaning set forth in Section 3(ii).

 

“Exercise
Price” means $59.26.

 

“Expiration
Time” has the meaning set forth in Section 3(ii).

 

    2

     

    

 

“Fair
Market Value” means, with respect to any security or other property, the fair market value of such security or other
property as determined by the Board of Directors, acting reasonably, in good faith and evidenced by a written notice delivered
promptly to the Warrantholder (which written notice shall include certified resolutions of the Board of Directors in respect thereof).
If the Warrantholder objects in writing to the Board of Director’s calculation of fair market value within ten (10) Business
Days after receipt of written notice thereof, and the Warrantholder and the Company are unable to agree on the fair market value
during the ten (10)-day period following the delivery of the Warrantholder’s objection, the Appraisal Procedure may be invoked
by either the Company or the Warrantholder to determine Fair Market Value by delivering written notification thereof not later
than the thirtieth (30th) day after delivery of the Warrantholder objection. For the avoidance of doubt, the Fair Market Value
of cash shall be the amount of such cash.

 

“GKH”
has the meaning set forth in Section 7(ii).

 

“Initial
Warrant” means the Warrant to Purchase Ordinary Shares issued by the Company to NV Investment Holdings, dated January
10, 2017, as amended.

 

“Issue
Date” means the issue date of this Warrant.

 

“ITA”
has the meaning set forth in Section 7(ii).

 

“Market
Price” means, with respect to the Ordinary Shares or any other security, on any given day, the last sale price, regular
way or in case no such sale takes place on such day, the average of the closing bid and asked prices, regular way, of the Ordinary
Shares or of such security, as applicable, on The NASDAQ Global Select Market on such day. If the Ordinary Shares or such security,
as applicable, are not listed on The NASDAQ Global Select Market as of any date of determination, the Market Price of the Ordinary
Shares or such security, as applicable, on such date of determination means the closing sale price on such date as reported in
the composite transactions for the principal U.S. national or regional securities exchange on which the Ordinary Shares or such
security, as applicable, are so listed or quoted, or if no closing sale price is reported, the last reported sale price on such
date on the principal U.S. national or regional securities exchange on which the Ordinary Shares or such security, as applicable,
are so listed or quoted, or if the Ordinary Shares or such security, as applicable, are not so listed or quoted on a U.S. national
or regional securities exchange, the last quoted bid price on such date for the Ordinary Shares or such security, as applicable,
in the over-the-counter market as reported by Pink Sheets LLC or a similar organization, or if that bid price is not available,
the Market Price of the Ordinary Shares or such security, as applicable, on that date shall mean the Fair Market Value per share
as of such date of the Ordinary Shares or such security. For the purposes of determining the Market Price of the Ordinary Shares
or any such security, as applicable, on the Trading Day preceding, on or following the occurrence of an event, (a) that
Trading Day shall be deemed to commence immediately after the regular scheduled closing time of trading on the applicable exchange,
market or organization, or if trading is closed at an earlier time, such earlier time and (b) that Trading Day shall end
at the next regular scheduled closing time, or if trading is closed at an earlier time, such earlier time (for the avoidance of
doubt, and as an example, if the Market Price is to be determined as of the last Trading Day preceding a specified event and the
closing time of trading on a particular day is 4:00 p.m. and the specified event occurs at 5:00 p.m. on that day, the Market Price
would be determined by reference to such 4:00 p.m. closing price).

 

“Master
Purchase Agreement” means the Master Purchase Agreement, dated as of May 1, 2016, as amended and as it may be further
amended from time to time, by and between the Company and Amazon Corporate LLC, including all annexes, schedules and exhibits
thereto.

 

    3

     

    

 

“New
Application” means new finished printed matter that was not printed prior to the Issue Date such as, without limitation,
shoes, bags or printing on polyester.

 

“New
Business” means a line of Products that were not purchased by Amazon prior to the Issue Date of this Warrant. For the
avoidance of doubt, any Products from the Avalanche and the Atlas printing system families as of the date hereof, and their related
inks and spare parts, are not considered New Business. Notwithstanding the aforementioned, New Applications printed on an Avalanche
or Atlas printing system families will be considered to be New Business. In addition, other products that are not printing systems
including, without limitation dryers, cutters, folding machines and Work-Flow, will be considered to be New Business.

 

“New
Invoices” means invoices in respect of orders for New Business or Old Business; provided, that “New Invoices”
shall not include any invoices in part or whole, the payment of which such part or whole is deemed a “Vesting Event”
(as defined in the Initial Warrant).

 

“NV
Investment Holdings” means Amazon.com NV Investment Holdings LLC, a Nevada limited liability company.

 

“Old
Business” means any line of Products (including systems, inks, consumables and spare parts) that were purchased by Amazon
prior to the Issue Date of this Warrant.

 

“Ordinary
Shares” means the Company’s ordinary shares, par value NIS 0.01 per share.

 

“Person”
has the meaning given to it in Section 3(a)(9) of the Exchange Act and as used in Sections 13(d)(3) and 14(d)(2) of the Exchange
Act.

 

“Principal
Trading Market” means the trading market on which the Ordinary Shares, or any successor security thereto, are primarily
listed and quoted for trading, and which, as of the Issue Date is The NASDAQ Global Select Market.

 

“Products”
has the meaning ascribed to it in the Master Purchase Agreement.

 

“Repurchases”
means any transaction or series of related transactions to purchase Equity Interests of the Company or any of its subsidiaries
by the Company or any subsidiary thereof for a purchase price greater than the Market Price, whether pursuant to any tender offer
or exchange offer (whether or not subject to Section 13(e) or 14(e) of the Exchange Act or Regulation 14E promulgated thereunder),
open market transactions, private negotiated transactions or otherwise, and in each case, whether for cash, Equity Interests of
the Company, other securities of the Company, evidence of indebtedness of the Company or any other Person or any other property
(including Equity Interests, other securities or evidence of indebtedness of a subsidiary), or any combination thereof, effected
while this Warrant is outstanding; provided that “Repurchases” shall not include any purchases of Equity Interests
of the Company or any subsidiary by the Company or any subsidiary thereof pursuant to and in compliance with the requirements
of Rule 10b-18 under the Exchange Act.

 

“SDNY”
has the meaning set forth in Section 15.

 

“Securities
Act” means the Securities Act of 1933, as amended, or any successor statute, and the rules and regulations promulgated
thereunder.

 

“Share
Delivery Date” has the meaning set forth in Section 4(i).

 

“Subject
Adjustment” has the meaning set forth in Section 12(vi).

 

“Subject
Record Date” has the meaning set forth in Section 12(vi).

 

“subsidiary”
has the meaning ascribed to it in the Transaction Agreement.

 

“Tax
Audit” has the meaning set forth in Section 7(ii).

 

“Trading
Day” means a day on which the Principal Trading Market is open for trading.

 

“Transaction
Agreement” means the Transaction Agreement, dated as of the date hereof, as it may be amended from time to time, by
and between the Company and Amazon, including all annexes, schedules and exhibits thereto.

 

“Transaction
Documents” has the meaning ascribed to it in the Transaction Agreement.

 

    4

     

    

 

“Vesting
Event” means a Vesting Event for New Business or a Vesting Event for Old Business, as applicable. For the avoidance
of doubt, (i) Vesting Events shall stop occurring once the total number of Warrant Shares authorized under Section 2 has
vested pursuant to Vesting Events, (ii) if a given Vesting Event would cause the number of shares vested to increase over this
threshold, then only the number of shares up to and including the total number of Warrant Shares authorized under Section 2
shall vest during the final such Vesting Event, and (iii) the number of Warrant Shares that will vest pursuant to a Vesting
Event is subject to adjustments as provided herein.

 

“Vesting
Event for New Business” means with respect to increments of 48,587 Warrant Shares, each time at which Amazon and/or
any of its Affiliates have collectively made gross payments totaling $5 million to the Company and/or any of its Affiliates in
connection with New Invoices in respect of orders for New Business, until such time as Amazon and/or any of its Affiliates have
collectively paid $150 million to the Company and/or any of its Affiliates in connection with the New Invoices in respect of orders
for New Business.

 

“Vesting
Event for Old Business” means with respect to increments of 38,869 Warrant Shares, each time at which Amazon and/or
any of its Affiliates have collectively made gross payments totaling $5 million to the Company and/or any of its Affiliates in
connection with New Invoices in respect of orders for Old Business, until such time as Amazon and/or any of its Affiliates have
collectively paid $250 million to the Company and/or any of its Affiliates in connection with New Invoices in respect of orders
for Old Business.

 

“VWAP”
means the volume weighted average price per share of the Ordinary Shares on The NASDAQ Global Select Market (as reported by Bloomberg
L.P. (or its successor) or, if not available, Dow Jones & Company Inc., or if neither is available, by another authoritative
source mutually agreed by the Company and Amazon) in respect of the period from the scheduled open of trading until the scheduled
close of trading of the primary trading session on such Trading Day.

 

“Warrant”
means this Warrant, issued pursuant to the Transaction Agreement.

 

“Warrant
Shares” has the meaning set forth in Section 2.

 

“Warrantholder”
has the meaning set forth in Section 2.

 

2.
Number of Warrant Shares; Exercise Price.
This certifies that, for value received, NV Investment Holdings or its permitted assigns (the “Warrantholder”)
is entitled, upon the terms hereinafter set forth, to acquire from the Company, in whole or in part, up to a maximum aggregate
of 3,401,028 fully paid and nonassessable Ordinary Shares (the “Warrant Shares”), at a purchase price per Ordinary
Share equal to the Exercise Price. The Warrant Shares and the Exercise Price are subject to adjustment and/or may be supplemented
by or converted into other Equity Interests as provided herein, and all references to “Ordinary Shares,” “Warrant
Shares” and “Exercise Price” herein shall be deemed to include any such adjustment, supplement and/or conversion
or series of adjustments, supplements or conversions.

 

3.
Exercise of Warrant; Term; Other Agreements;
Cancelation.

 

(i)
Promptly following the occurrence of a Vesting Event, the Company shall deliver to the Warrantholder a Notice of Vesting Event
in the form attached as Annex A hereto; provided that neither the delivery, nor the failure of the Company to deliver,
such Notice of Vesting Event shall affect or impair the Warrantholder’s rights or the Company’s obligations hereunder.

 

(ii)
Subject to Section 2, Section 12(iv), Section 13 and Section 14, the right to purchase Warrant Shares
represented by this Warrant is exercisable, in whole or in part by the Warrantholder, at any time or from time to time, from and
after the applicable Vesting Event, but in no event later than 5:00 p.m., New York City time, on the 5-year anniversary of the
date that is the earlier of (A) January 10, 2022 or (B) the date at which Amazon and/or any of its Affiliates have collectively
made gross payments totaling $150 million to the Company and/or any of its Affiliates in connection with invoices in respect of
orders placed under the Master Purchase Agreement (such time, the “Expiration Time” and such period from
and after the applicable Vesting Event through the Expiration Time, the “Exercise Period”), by (a) the
surrender of this Warrant and the Notice of Exercise attached as Annex B hereto, duly completed and executed on behalf
of the Warrantholder, to the Company in accordance with Section 18 (or such other office or agency of the Company in the
United States as it may designate by notice to the Warrantholder in accordance with Section 18 hereof (the “Designated
Company Office”)), and (b) payment of the Exercise Price for the Warrant Shares thereby purchased by, at the
sole election of the Warrantholder, either: (i) tendering in cash, by certified or cashier’s check payable to the
order of the Company, or by wire transfer of immediately available funds to an account designated by the Company (such manner
of exercise, a “Cash Exercise”) or (ii) without payment of cash, by reducing the number of Warrant Shares
obtainable upon the exercise of this Warrant (either in full or in part, as applicable) and payment of the Exercise Price in cash
so as to yield a number of Warrant Shares obtainable upon the exercise of this Warrant (either in full or in two or more parts,
as applicable) equal to the product of (x) the number of Warrant Shares issuable upon the exercise of this Warrant (either
in full or in two or more parts, as applicable) (if payment of the Exercise Price were being made in cash) and (y) the
Cashless Exercise Ratio (such manner of exercise, a “Cashless Exercise”).

 

    5

     

    

 

(iii)
Notwithstanding the foregoing, if at any time during the Exercise Period the Warrantholder has not exercised this Warrant in full
as a result of there being insufficient Warrant Shares available for issuance or the lack of any required regulatory, corporate
or other approval, the Expiration Time shall be extended until sixty (60) days after such date as the Warrantholder is able to
acquire all of the vested Warrant Shares.

 

(iv)
If the Warrantholder does not exercise this Warrant in its entirety, the Warrantholder shall be entitled to receive from the Company,
upon request, a new warrant of like tenor in substantially identical form for the purchase of that number of Warrant Shares equal
to the difference between the number of Warrant Shares and the number of Warrant Shares as to which this Warrant is so exercised.

 

(v)
Notwithstanding any of the foregoing, the Warrantholder shall not exercise this Warrant or any new warrant as described in Section
3(iv) unless the total Exercise Price for the Warrant Shares thereby purchased is greater than or equal to $500,000 (measured,
in the case of a Cashless Exercise, on the aggregate gross amount of Warrant Shares exercised and cancelled irrespective of the
net number of Warrant Shares acquired by the Warrantholder as a result of such exercise); provided that the foregoing restriction
shall not apply in the event that the total Exercise Price for all Warrant Shares available for purchase by the Warrantholder
under this Warrant or any new warrant as described in Section 3(iv) is less than $500,000.

 

(vi)
This Warrant, including with respect to its cancelation, is subject to the terms and conditions of the Transaction Agreement.
Without affecting in any manner any prior exercise of this Warrant (or any Warrant Shares previously issued hereunder), if (a)
the Transaction Agreement is terminated in accordance with Section 6.1 thereof or (b) the Warrantholder delivers
to the Company a written, irrevocable commitment not to exercise this Warrant, the Company shall have no obligation to issue,
and the Warrantholder shall have no right to acquire, the unvested portion of any Warrant Shares under this Warrant.

 

4.
Issuance of Warrant Shares; Authorization;
Listing.

 

(i)
Certificates for the Warrant Shares issued upon exercise of this Warrant shall be issued on or before the third (3rd) Business
Day following the date of exercise of this Warrant (the “Share Delivery Date”) in accordance with its terms
in the name of the Warrantholder and shall be delivered to the Warrantholder. If the Warrant Shares issued upon any exercise are
registered under the Securities Act, in lieu of issuing a physical share certificate, the Company’s transfer agent shall
use the DTC Fast Automated Securities Transfer Program to credit such aggregate number of Warrant Shares to which the Warrantholder
is entitled pursuant to such exercise to the Warrantholder’s or its designee’s balance account with DTC through its
DWAC system. The Company shall be responsible for all fees and expenses of its transfer agent and all fees and expenses payable
to DTC with respect to the issuance of Warrant Shares via DTC, if any, including without limitation for same-day processing.

 

(ii)
The Company’s obligations to issue and deliver Warrant Shares in accordance with the terms and subject to the conditions
hereof are absolute and unconditional, irrespective of any action or inaction by the Warrantholder to enforce the same, the recovery
of any judgment against any Person or any action to enforce the same, or any setoff, counterclaim, recoupment, limitation or termination;
provided, however, that the Company shall not be required to deliver Warrant Shares with respect to an exercise prior to the Warrantholder’s
delivery in full of the associated Exercise Price (or notice of Cashless Exercise).

 

    6

     

    

 

(iii)
The Company hereby represents and warrants that any Warrant Shares issued upon the exercise of this Warrant in accordance with
the provisions of Section 3 will be validly issued, fully paid and nonassessable and free of any liens or encumbrances
(other than liens or encumbrances created by the Transaction Documents, transfer restrictions arising as a matter of applicable
law or created by or at the direction of the Warrantholder or any of its Affiliates). The Warrant Shares so issued shall be deemed
for all purposes to have been issued to the Warrantholder as of the close of business on the date on which this Warrant and payment
of the Exercise Price are delivered to the Company in accordance with the terms of this Warrant, notwithstanding that the stock
transfer books of the Company may then be closed or certificates representing such Warrant Shares may not be actually delivered
on such date or credited to the Warrantholder’s DTC account, as the case may be. The Company shall at all times reserve
and keep available, out of its authorized but unissued Warrant Shares, solely for the purpose of providing for the exercise of
this Warrant, the aggregate Warrant Shares then issuable upon exercise of this Warrant in full (disregarding whether or not this
Warrant is exercisable by its terms at any such time).

 

(iv)
The Company shall, at its sole expense, procure, subject to issuance or notice of issuance, the listing of any Warrant Shares
issuable upon exercise of this Warrant on the principal stock exchange on which such same class of Equity Interests are then listed
or traded, promptly after such Warrant Shares are eligible for listing thereon.

 

5.
No Fractional Shares or Scrip. No fractional
Warrant Shares or other Equity Interests or scrip representing fractional Warrant Shares or other Equity Interests shall be issued
upon any exercise of this Warrant. In lieu of any fractional share to which a Warrantholder would otherwise be entitled, the Warrantholder
shall be entitled to receive a cash payment equal to the Market Price of the Ordinary Shares or such other Equity Interests on
the last Trading Day preceding the date of exercise less the Exercise Price for such fractional share.

 

6.
No Rights as Stockholders; Transfer Books.
Without limiting in any respect the provisions of the Transaction Agreement and except as otherwise provided by the terms of this
Warrant, this Warrant does not entitle the Warrantholder to (i) receive dividends or other distributions, (ii) consent
to any action of the stockholders of the Company, (iii) receive notice of or vote at any meeting of the stockholders, (iv)
receive notice of any other proceedings of the Company or (v) exercise any other rights whatsoever, in any such case, as
a stockholder of the Company prior to the date of exercise hereof.

 

7.
Charges, Taxes and Expenses.

 

(i)
Issuance of this Warrant and certificates for Warrant Shares to the Warrantholder upon the exercise of this Warrant shall be made
without charge to the Warrantholder for any issue or transfer tax (other than taxes in respect of any transfer occurring contemporaneously
therewith) or other incidental expense (other than with respect to any income tax or capital gains tax payable by the Warrantholder
or required by law to be withheld by the Company as set forth below) in respect of the issuance of such certificates, all of which
taxes and expenses shall be paid by the Company.

 

(ii)
The Company will withhold all tax payments duly required under Israeli law upon the issuance or vesting of this Warrant or the
issuance of certificates for Warrant Shares to the Warrantholder upon the exercise of this Warrant and pay such tax to the Israeli
Tax Authority (the “ITA”) for the account of the Warrantholder; provided that the Company will not withhold
any tax if, prior to the issuance or vesting of this Warrant or the issuance of certificates for Warrant Shares, the Warrantholder
provides the Company with either (a)(1) a valid and executed declaration, in the form attached hereto as Exhibit
A, regarding its non-Israeli residence; and (2) a confirmation that the tax opinion provided by Gross, Kleinhendler, Hodak,
Halevy, Greenberg, Shenhav & Co. (“GKH”) in connection with this Warrant remains valid and correct as of
the time of the issuance, vesting or exercise of the Warrant; or (b) an exemption certificate from the ITA allowing the
Company to completely avoid such withholding, in a form reasonably satisfactory to the Company’s advisors. If the Warrantholder
provides the document described under clause (a) above, but not the exemption certificate described in clause (b) above,
then the Warrantholder will indemnify and hold harmless the Company, and if applicable, its directors and officers, from and against,
and pay and reimburse the Company for, any liability (including any penalties, the Israeli consumer price index or interest to
be accrued thereon, or any reasonable attorney fees and related expenses) arising as a result of the failure of the Company to
withhold Israeli tax upon the issuance or vesting of this Warrant or the issuance of certificates for Warrant Shares to the Warrantholder
upon the exercise of this Warrant, to the extent such tax is requested by the ITA (the “Tax Audit”). The Company
shall: (I) provide written notice to the Warrantholder as soon as practicable of any actual or threatened Tax Audit; (II)
allow the Warrantholder to assume sole control of the defense of any such Tax Audit, provided, however, that counsel
for the Warrantholder who shall conduct such defense shall be approved by the Company (which approval shall not be unreasonably
withheld, conditioned or delayed); provided further, that if such counsel is GKH, approval of the Company will not be required;
(III) provide the Warrantholder with such information and cooperation as it may reasonably require in connection with such
Tax Audit; and (IV) to the extent that at least five (5) Business Days prior to the payment date pursuant to the Tax Audit
the Warrantholder provides the Company with a certificate confirming filing of an appeal with the ITA or the respective court,
as the case may be, not make any admission of liability or commit the Warrantholder to the payment of any sums in settlement or
otherwise in connection with such Tax Audit. Failure by the Company to comply with clauses (I)–(IV) of the
preceding sentence will not release the Warrantholder from any of its obligations under this Section 7(ii), except to the
extent the Warrantholder is materially prejudiced by such failure.

 

    7

     

    

 

(iii)
In the event that the Warrantholder chooses to assume sole control of the defense of any such Tax Audit pursuant to Section
7(ii)(II) above, then: (a) the Warrantholder shall so notify the Company in writing within 10 days after receipt of
written notice from the Company of the Tax Audit in accordance with Section 7(ii)(I) above that the Warrantholder will
take upon itself the defense against the Tax Audit pursuant to this Section 7(iii), (b) the Warrantholder will conduct
such defense at its own expense and will pay any payments resulting from such defense; (c) the Warrantholder shall duly
file an appeal with the ITA or respective court as the case may be; (d) the Warrantholder will conduct such defense actively
and shall keep the Company reasonably informed of the process and the appeal status; and (e) will not be allowed to affect
any settlements that may have any effect on the Company unless previously consented to in writing by the Company, which consent
shall not be unreasonably withheld.

 

(iv)
For the avoidance of doubt, if the Warrantholder assumes the defense of a Tax Audit, any payment due as a result of a settlement
with the ITA, final assessment issued by the ITA or a final court’s decision, will be timely paid by the Warrantholder under
the Company’s Israeli tax deduction file.

 

(v)
This indemnity shall remain in force for a period of five (5) years from the later of: (a) the last vesting date or exercise
date of this Warrant; (b) or if the Warrantholder assumes defense of a Tax Audit, until the later of: a settlement with
the ITA is reached or a final assessment is issued by the ITA or a final non-appealable decision of a court of competent jurisdiction
is provided and the Warrantholder has paid in full the payments due according to such settlement, final assessment or court decision
and then for an additional 6 months therefrom; and shall thereafter terminate immediately with no further action required. This
indemnity undertaking shall be assignable to any successor of the Company.

 

(vi)
Indemnification under this section shall be paid in cash within seven days of request by the Company in writing, which request
shall set forth the amounts paid by the Company in connection with such indemnification requested.

 

8.
Transfer/Assignment.

 

(i)
This Warrant and the Warrant Shares may be transferred only in accordance with the terms of the Transaction Agreement. Subject
to compliance with the first sentence of this Section 8(i) and the legend as set forth on the cover page of this Warrant
and the terms of the Transaction Agreement, this Warrant and all rights hereunder are transferable, in whole or in part, upon
the books of the Company by the registered holder hereof in person or by a duly authorized attorney, and a new Warrant shall be
made and delivered by the Company, of the same tenor and date as this Warrant but registered in the name of one or more transferees,
upon surrender of this Warrant, duly endorsed, to the Designated Company Office. If the transferring holder does not transfer
the entirety of its rights to purchase all Warrant Shares hereunder, such holder shall be entitled to receive from the Company
a new Warrant in substantially identical form for the purchase of that number of Warrant Shares as to which the right to purchase
was not transferred. All expenses (other than stock transfer taxes) and other charges payable in connection with the preparation,
execution and delivery of the new Warrant pursuant to this Section 8 shall be paid by the Company, other than the costs
and expenses of counsel or any other advisor to the Warrantholder and its transferee.

 

(ii)
If and for so long as required by the Transaction Agreement, this Warrant Certificate shall contain a legend as set forth in Section
4.2 of the Transaction Agreement.

 

    8

     

    

 

9.
Exchange and Registry of Warrant. This
Warrant is exchangeable, subject to applicable securities laws, upon the surrender hereof by the Warrantholder to the Company,
for a new warrant or warrants of like tenor, and representing the right to purchase the same aggregate number of Warrant Shares.
The Company shall maintain a registry showing the name and address of the Warrantholder as the registered holder of this Warrant.
This Warrant may be surrendered for exchange or exercise, in accordance with its terms, at the Designated Company Office, and
the Company shall be entitled to rely in all respects, prior to written notice to the contrary, upon such registry.

 

10.
Loss, Theft, Destruction or Mutilation of
Warrant. (a) In the case of loss, theft or total destruction of this Warrant, upon receipt by the Company of reasonable attestation
from the Warrantholder of such loss, theft or destruction, or (b) in the case of mutilation, upon surrender and cancellation of
the mutilated Warrant, the Company shall make and deliver, in lieu of such lost, stolen, destroyed or mutilated Warrant, a new
Warrant of like tenor and represent the right to purchase the same aggregate number of Warrant Shares as provided for in such
lost, stolen, destroyed or mutilated Warrant.

 

11.
Non-Business Day Extension. If the last
or appointed day for the taking of any action or the expiration of any right required or granted herein shall not be a Business
Day, then such action may be taken or such right may be exercised on the next succeeding day that is a Business Day.

 

12.
Adjustments and Other Rights. The Exercise
Price and Warrant Shares issuable upon exercise of this Warrant shall be subject to adjustment from time to time as follows; provided
that if more than one subsection of this Section 12 is applicable to a single event, the subsection shall be applied
that produces the largest adjustment and no single event shall cause an adjustment under more than one subsection of this Section
12 so as to result in duplication.

 

(i)
Stock Splits, Subdivisions, Reclassifications or Combinations. If the Company shall at any time or from time to time (a)
declare, order, pay or make a dividend or make a distribution on its Ordinary Shares in additional Ordinary Shares, (b)
split, subdivide or reclassify the outstanding Ordinary Shares into a greater number of shares or (c) combine or reclassify
the outstanding Ordinary Shares into a smaller number of shares, the number of Warrant Shares issuable upon exercise of this Warrant
at the time of the record date for such dividend or distribution or the effective date of such split, subdivision, combination
or reclassification shall be proportionately adjusted so that the Warrantholder immediately after such record date or effective
date, as the case may be, shall be entitled to purchase the number of Ordinary Shares that such holder would have owned or been
entitled to receive in respect of the Ordinary Shares subject to this Warrant after such date had this Warrant been exercised
in full immediately prior to such record date or effective date, as the case may be (disregarding whether or not this Warrant
had been exercisable by its terms at such time). In the event of such adjustment, the Exercise Price in effect at the time of
the record date for such dividend or distribution or the effective date of such split, subdivision, combination or reclassification
shall be immediately adjusted to the number obtained by dividing (x) the product of (1) the number of Warrant Shares
issuable upon the exercise of this Warrant in full before the adjustment determined pursuant to the immediately preceding sentence
(disregarding whether or not this Warrant was exercisable by its terms at such time) and (2) the Exercise Price in effect
immediately prior to the record or effective date, as the case may be, for the dividend, distribution, split, subdivision, combination
or reclassification giving rise to such adjustment by (y) the new number of Warrant Shares issuable upon exercise of this
Warrant in full determined pursuant to the immediately preceding sentence (disregarding whether or not this Warrant is exercisable
by its terms at such time).

 

(ii)
Distributions. If the Company, at any time while this Warrant is outstanding, declares or makes any dividend or distributes
to holders of Ordinary Shares (and not to the Warrantholder) evidence of its indebtedness or assets (including cash and cash dividends)
or rights or warrants to subscribe for or purchase any security (including, without limitation, any distribution of cash, stock
or other securities, property or options by way of a dividend, spin-off, reclassification, corporate rearrangement, scheme of
arrangement or other similar transaction) (collectively, a “Distribution”), then the Warrantholder will be
entitled to participate in such Distribution to the same extent that the Warrantholder would have participated therein if the
Warrantholder had held the number of Ordinary Shares acquirable upon exercise of this Warrant solely to the extent exercisable
immediately before the date as of which a record is taken for such Distribution, or if no such record is taken, the date as of
which the record holders of Ordinary Shares are to be determined for the participation in such Distribution.

 

    9

     

    

 

(iii)
Repurchases. If the Company shall at any time or from time to time effect Repurchases, then the Exercise Price shall be
reduced to the price determined by multiplying the Exercise Price in effect immediately prior to the first purchase of Equity
Interests comprising such Repurchases by a fraction of which the numerator shall be (a) the product of (1) the number
of Ordinary Shares outstanding immediately prior to the first purchase of Equity Interests comprising such Repurchases and (2)
the Market Price per Ordinary Share on the Trading Day immediately preceding the first public announcement by the Company of the
intent to effect such Repurchases, minus (b) the Assumed Payment Amount, and of which the denominator shall be the product
of (X) the number of Ordinary Shares outstanding immediately prior to the first purchase of Equity Interests comprising
such Repurchases minus the number of Ordinary Shares so repurchased and (Y) the Market Price per Ordinary Share on the
Trading Day immediately preceding the first public announcement by the Company of the intent to effect such Repurchases. In such
event, the number of Warrant Shares issuable upon the exercise of this Warrant shall be increased to the number obtained by multiplying
such number of Warrant Shares by the quotient of (A) the Exercise Price in effect immediately prior to the first purchase
of Equity Interests comprising such Repurchases divided by (B) the new Exercise Price determined in accordance with the
immediately preceding sentence. For the avoidance of doubt, no increase to the Exercise Price or decrease in the number of Warrant
Shares issuable upon exercise of this Warrant shall be made pursuant to this Section 12(iii). For purposes of the foregoing,
the “Assumed Payment Amount” with respect to any Repurchases shall mean the aggregate Market Price (in the
case of securities) and/or Fair Market Value (in the case of cash and/or any other property), as applicable, as of such Repurchases,
of the aggregate consideration paid to effect such Repurchases.

 

(iv)
Acquisition Transactions. In case of any Acquisition Transaction or reclassification of Ordinary Shares (other than a reclassification
of Ordinary Shares subject to adjustment pursuant to Section 12(i)), notwithstanding anything to the contrary contained
herein, (a) the Company shall notify the Warrantholder in writing of such Acquisition Transaction or reclassification as
promptly as practicable (but in no event later than ten (10) Business Days prior to the effectiveness thereof), (b) the
Warrant Shares shall immediately vest fully and become non-forfeitable, and subject to clause (c) below, become immediately
exercisable upon consummation of such Acquisition Transaction or reclassification and (c) solely in the event of an Acquisition
Transaction that is a Business Combination or a reclassification, the Warrantholder’s right to receive Warrant Shares upon
exercise of this Warrant shall be converted, effective upon the occurrence of such Business Combination or reclassification, into
the right to exercise this Warrant to acquire the number of shares of stock or other securities or property (including cash) that
the Ordinary Shares issuable (at the time of such Business Combination or reclassification) upon exercise of this Warrant immediately
prior to such Business Combination or reclassification would have been entitled to receive upon consummation of such Business
Combination or reclassification. In determining the kind and amount of stock, securities or the property receivable upon exercise
of this Warrant upon and following adjustment pursuant to this paragraph, if the holders of Ordinary Shares have the right to
elect the kind or amount of consideration receivable upon consummation of such Business Combination, then the Warrantholder shall
have the right to make the same election upon exercise of this Warrant with respect to the number of shares of stock or other
securities or property that the Warrantholder shall receive upon exercise of this Warrant. The Company, or the Person or Persons
formed by the applicable Business Combination or reclassification, or that acquire(s) the applicable Ordinary Shares, as the case
may be, shall make lawful provisions to establish such rights and to provide for such adjustments that, for events from and after
such Business Combination or reclassification, shall be as nearly equivalent as possible to the rights and adjustments provided
for herein, and the Company shall not be a party to or permit any such Business Combination or reclassification to occur unless
such provisions are made as a part of the terms thereof.

 

(v)
Rounding of Calculations; Minimum Adjustments. All calculations under this Section 12 shall be made to the nearest
one-tenth (1/10th) of a cent or to the nearest one-hundredth (1/100th) of a share, as the case may be. Any provision of this Section
12 to the contrary notwithstanding, no adjustment in the Exercise Price or the number of Warrant Shares into which this Warrant
is exercisable shall be made if the amount of such adjustment would be less than $0.01 or one-tenth (1/10th) of an Ordinary Share,
but any such amount shall be carried forward and an adjustment with respect thereto shall be made at the time of and together
with any subsequent adjustment which, together with such amount and any other amount or amounts so carried forward, shall aggregate
$0.01 or one-tenth (1/10th) of an Ordinary Share, or more.

 

(vi)
Timing of Issuance of Additional Securities upon Certain Adjustments. In any case in which (a) the provisions of
this Section 12 shall require that an adjustment (the “Subject Adjustment”) shall become effective immediately
after a record date (the “Subject Record Date”) for an event and (b) the Warrantholder exercises this
Warrant after the Subject Record Date and before the consummation of such event, the Company may defer until the consummation
of such event (i) issuing to such Warrantholder the incrementally additional Ordinary Shares or other property issuable
upon such exercise by reason of the Subject Adjustment and (ii) paying to such Warrantholder any amount of cash in lieu
of a fractional Ordinary Share; provided, however, that the Company upon request shall promptly deliver to such
Warrantholder a due bill or other appropriate instrument evidencing such Warrantholder’s right to receive such additional
shares (or other property, as applicable), and such cash, upon the consummation of such event.

 

    10

     

    

 

(vii)
Statement regarding Adjustments. Whenever the Exercise Price or the Warrant Shares into which this Warrant is exercisable
shall be adjusted as provided in Section 12, the Company shall promptly prepare a statement showing in reasonable detail
the facts requiring such adjustment and the Exercise Price that shall be in effect and the Warrant Shares into which this Warrant
shall be exercisable after such adjustment, and cause a copy of such statement to be delivered to the Warrantholder as promptly
as practicable after the event giving rise to the adjustment.

 

(viii)
Notice of Adjustment Event. In the event that the Company shall propose to take any action of the type described in this
Section 12 (but only if the action of the type described in this Section 12 would result in an adjustment in the
Exercise Price or the Warrant Shares into which this Warrant is exercisable or a change in the type of securities or property
to be delivered upon exercise of this Warrant), the Company shall provide written notice to the Warrantholder, which notice shall
specify the record date, if any, with respect to any such action and the approximate date on which such action is to take place.
Such notice shall also set forth the facts with respect thereto as shall be reasonably necessary to indicate the effect on the
Exercise Price and the number, kind or class of shares or other securities or property that shall be deliverable upon exercise
of this Warrant. In the case of any action that would require the fixing of a record date, such notice shall be given at least
ten (10) days prior to the date so fixed. In case of all other actions, such notice shall be given at least ten (10) days prior
to the taking of such proposed action unless the Company reasonably determines in good faith that, given the nature of such action,
the provision of such notice at least ten (10) days in advance is not reasonably practicable from a timing perspective, in which
case such notice shall be given as far in advance prior to the taking of such proposed action as is reasonably practicable from
a timing perspective.

 

(ix)
Adjustment Rules. Any adjustments pursuant to this Section 12 shall be made successively whenever an event referred
to herein shall occur. If an adjustment in the Exercise Price made hereunder would reduce the Exercise Price to an amount below
par value of the Ordinary Shares, then such adjustment in the Exercise Price made hereunder shall reduce the Exercise Price to
the par value of the Ordinary Shares.

 

(x)
No Impairment. The Company shall not, by amendment of its certificate of incorporation, bylaws or any other organizational
document, or through any reorganization, transfer of assets, consolidation, merger, dissolution, issue or sale of securities or
any other voluntary action, avoid or seek to avoid the observance or performance of any of the terms to be observed or performed
hereunder by the Company, but shall at all times in good faith assist in the carrying out of all the provisions of this Warrant.
In furtherance and not in limitation of the foregoing, the Company shall not take or permit to be taken any action that would
(a) increase the par value of any Ordinary Shares receivable upon the exercise of this Warrant above the Exercise Price
then in effect or (b) entitle the Warrantholder to an adjustment under this Section 12 if the total number of Ordinary
Shares issuable after such action upon exercise of this Warrant in full (disregarding whether or not this Warrant is exercisable
by its terms at such time), together with all Ordinary Shares then outstanding and all Ordinary Shares then issuable upon the
exercise in full of any and all outstanding Equity Interests (disregarding whether or not any such Equity Interests are exercisable
by their terms at such time) would exceed the total number of Ordinary Shares then authorized by its certificate of incorporation.

 

(xi)
Proceedings Prior to Any Action Requiring Adjustment. As a condition precedent to the taking of any action that would require
an adjustment pursuant to this Section 12, the Company shall promptly take any and all action that may be necessary, including
obtaining regulatory or other governmental, The NASDAQ Global Select Market or other applicable securities exchange, corporate
or shareholder approvals or exemptions, in order that the Company may thereafter validly and legally issue as fully paid and nonassessable
all Ordinary Shares, or all other securities or other property, that the Warrantholder is entitled to receive upon exercise of
this Warrant pursuant to this Section 12.

 

    11

     

    

 

13.
Mandatory Exercise upon Change of Control.
Notwithstanding anything to the contrary contained herein, in the event of the consummation prior to the Expiration Time of a
Business Combination where all outstanding Ordinary Shares are exchanged solely for cash consideration, the Company shall have
the right (a) if the consideration per Ordinary Share to be received by the holders of Ordinary Shares in such Business
Combination is greater than the Exercise Price, to cause the Warrantholder to exercise this Warrant with respect to all Warrant
Shares as of the consummation of such Business Combination and (b) if the consideration per Ordinary Share to be received
by the holders of Ordinary Shares in such Business Combination is less than or equal to the Exercise Price, to cause this Warrant
to be automatically and immediately cancelled and terminated as of the consummation of such Business Combination with respect
to all Warrant Shares; provided that the Company must give written notice to the Warrantholder at least ten (10) Business
Days prior to the date of consummation of such qualifying Business Combination, which notice shall specify the expected date on
which such qualifying Business Combination is to take place and set forth the facts with respect thereto as shall be reasonably
necessary to indicate the amount of cash deliverable upon exercise of this Warrant and to each outstanding Ordinary Share; provided,
further, that the Company may only cause this Warrant to be exercised or cancelled, as applicable, concurrently with the
consummation of such qualifying Business Combination and the Warrantholder shall be entitled to receive the cash consideration
as determined pursuant to Section 12(iv). If the Warrantholder is required to exercise this Warrant pursuant to this Section
13, the Warrantholder shall notify the Company within five (5) Business Days after receiving the Company’s written notice
described above in this Section 13 whether it is electing to exercise this Warrant through a Cash Exercise or a Cashless
Exercise. If the Warrantholder (i) does not provide such notice within five (5) Business Days after receiving the Company’s
written notice described above in this Section 13, or (ii) elects a Cash Exercise but does not pay the applicable
Exercise Price for the Warrant Shares thereby purchased to the Company upon the consummation of such qualifying Business Combination,
then, in either such case, the Company shall effect the exercise of this Warrant through a Cashless Exercise.

 

14.
Beneficial Ownership Limitation. Notwithstanding
anything in this Warrant to the contrary: (i) the Company will not honor any exercise of this Warrant, and the Warrantholder will
not have the right to exercise any portion of this Warrant, to the extent that, after giving effect to an attempted exercise set
forth on the applicable Notice of Exercise, the Warrantholder (or any of its Affiliates and other persons whose beneficial ownership
of the relevant securities would be aggregated with the Warrantholder’s for purposes of Section 13(d) or Section 16 of the
Exchange Act) would beneficially own in excess of 4.999% of any class of voting equity securities subject to the Exchange Act,
calculated in accordance with Section 13(d) of the Exchange Act and the related rules and regulations and after giving effect
to the exercise of this Warrant; (ii) none of the limitations of clause (i) will be taken into account when determining
the amount of securities or other noncash property subject to the assumed Warrant or the amount of cash the Warrantholder is entitled
to receive in the event of an Acquisition Transaction; (iii) the provisions of this sentence should be construed and implemented
in a manner otherwise than in strict conformity with the terms of this sentence to correct this sentence (or any portion hereof),
which may be defective or inconsistent with the intended beneficial ownership limitation of clause (i), or make changes
or supplements necessary or desirable to properly give effect to such limitation; and (iv) the limitations in clause (i)
may be waived or amended by the Warrantholder, in its sole discretion, upon written notice to the Company, which waiver or amendment
will not be effective until the 61st day after such notice is delivered by the Warrantholder to the Company; provided that in
no event shall such waiver or amendment permit Warrantholder (or any of its Affiliates and other persons whose beneficial ownership
of the relevant securities would be aggregated with the Warrantholder’s for purposes of Section 13(d) or Section 16 of the
Exchange Act) to beneficially own in excess of 9.999% of any class of voting equity securities of the Company subject to the Exchange
Act, calculated in accordance with Section 13(d) of the Exchange Act and the related rules and regulations and after giving effect
to the exercise of this Warrant.

 

15.
Governing Law and Jurisdiction. This
Warrant shall be governed by, and construed and enforced in accordance with, the laws of the State of New York, without regard
to any choice or conflict-of-law provision or rule (whether of the State of New York or any other jurisdiction) that would cause
the application of the laws of any jurisdiction other than the State of New York. In addition, each of the parties (a)
expressly submits to the personal jurisdiction and venue of the United States District Court for the Southern District of New
York (“SDNY”) or, if the SDNY is unavailable, state court located in the borough of Manhattan, New York, in
the event any dispute (whether in contract, tort or otherwise) arises out of this Warrant or the transactions contemplated hereby,
(b) expressly waives any claim of lack of personal jurisdiction or improper venue and any claims that such courts are an
inconvenient forum, and (c) agrees that it shall not bring any claim, action or proceeding relating to this Warrant or
the transactions contemplated hereby in any court other than courts referenced in, and in stipulated preference ranking of, the
preceding clause (a). Each party hereby irrevocably consents to the service of process of any of the aforementioned courts in
any such suit, action or proceeding by the mailing of copies thereof by registered or certified mail or by overnight courier service,
postage prepaid, to its address set forth in Section 18, such service to become effective ten (10) days after such mailing.

 

    12

     

    

 

16.
Binding Effect. This Warrant shall be
binding upon any successors or assigns of the Company.

 

17.
Amendments. This Warrant may be amended
and the observance of any term of this Warrant may be waived only with the written consent of the Company and the Warrantholder.

 

18.
Notices. Any notice, request, instruction
or other document to be given hereunder by any party to the other shall be in writing and deemed to have been duly given (a)
if sent by United Parcel Service, FedEx or DHL on an overnight basis, signature receipt required, two Business Days after mailing,
(b) if sent by email, with a copy mailed on the same day (or next Business Day, if such day is not a Business Day) in the
manner provided in clause (a) of this Section 18 when transmitted and receipt is confirmed or (c) if otherwise personally
delivered, when delivered with signature receipt required. All notices hereunder shall be delivered as set forth below, or pursuant
to such other instructions as may be designated in writing by the party to receive such notice.

 

	 	If
    to the Company, to:
	 	 	 
	 	Name:	Kornit
    Digital Ltd.
	 	Address:	2
    Ha`Amal Street, Afek Park, Rosh-Ha`Ayin 4809246, Israel
	 	Fax:	+972
    3 908 0280
	 	Email:	Guy.Avidan@kornit.com
	 	Attn:	Guy
    Avidan
	 	 	 
	 	with
    a copy to (which copy alone shall not constitute notice):
	 	 	 
	 	Name:	Meitar
    | Law Offices
	 	Address:
    	16
    Abba Hillel Silver Road, Ramat Gan 5250608, Israel
	 	 	 
	 	Fax:	+
    972 3 610 3688
	 	Email:
     	Avivav@meitar.com
	 	Attn:	Aviv
    Advidan-Shalit
	 	 	 
	 	and	 
	 	 	 
	 	Name:	White
    & Case LLP
	 	Address:	1221
    Avenue of the Americas, New York, NY 10020-1095
	 	Fax
     	+1
    212 354 8113
	 	Email:	cdiamond@whitecase.com
	 	Attn:	Colin
    Diamond
	 	 	 
	 	If
    to the Warrantholder, to:
	 	 	 
	 	Amazon.com
    NV Investment Holdings LLC
	 	410
    Terry Avenue North
	 	Seattle,
    WA 98109-5210
	 	Attn:
     	General
    Counsel
	 	Fax:	(206)
    266-7010
	 	 	 
	 	with
    a copy to (which copy alone shall not constitute notice):
	 	 	 
	 	Gibson,
    Dunn & Crutcher LLP
	 	1881
    Page Mill Road  
	 	Palo
    Alto, California 94304
	 	Attn:
     	Ed
    Batts, Esq.
	 	Fax:	(650)
    849-5092
	 	Email:	ebatts@gibsondunn.com

 

    13

     

    

 

19.
Entire Agreement. This Warrant and the
forms attached hereto, the Transaction Agreement, the other Transaction Documents and the Confidentiality Agreement constitute
the entire agreement and supersede all other prior agreements, understandings, representations and warranties, both written and
oral, between the parties, with respect to the subject matter hereof.

 

20.
Specific Performance. The parties agree
that failure of any party to perform its agreements and covenants under this Warrant, including a party’s failure to take
all actions as are necessary on such party’s part in accordance with the terms and conditions of this Warrant to consummate
the transactions contemplated by this Warrant, will cause irreparable injury to the other party, for which monetary damages, even
if available, will not be an adequate remedy. It is agreed that the parties shall be entitled to equitable relief, including injunctive
relief and specific performance of the terms hereof, without the requirement of posting a bond or other security, and each party
hereby consents to the issuance of injunctive relief by any court of competent jurisdiction to compel performance of a party’s
obligations and to the granting by any court of the remedy of specific performance of such party’s obligations under this
Warrant, this being in addition to any other remedies to which the parties are entitled at law or equity.

 

21.
Limitation of Liability. No provision
of this Warrant, in the absence of any affirmative action by the Warrantholder to exercise this Warrant to purchase Warrant Shares,
and no enumeration herein of the rights or privileges of Warrantholder, shall give rise to any liability of the Warrantholder
for the purchase price of any Ordinary Shares or as a shareholder of the Company, whether such liability is asserted by the Company
or by creditors of the Company. The sole liability of the Warrantholder under this Warrant shall be the payment of the applicable
aggregate Exercise Price if and when this Warrant is exercised pursuant to a Cash Exercise in part or in whole.

 

22.
Interpretation. When a reference is made
in this Warrant to “Sections” or “Annexes” such reference shall be to a Section of, or Annex to, this
Warrant unless otherwise indicated. The terms defined in the singular have a comparable meaning when used in the plural and vice
versa. References to “herein,” “hereof,” “hereunder” and the like refer to this Warrant as
a whole and not to any particular section or provision, unless the context requires otherwise. References to “parties”
refer to the parties to this Warrant. The headings contained in this Warrant are for reference purposes only and not part of this
Warrant. Whenever the word “include,” “includes” or “including” is used in this Warrant, it
shall be deemed followed by the words “without limitation.” No rule of construction against the draftsperson shall
be applied in connection with the interpretation or enforcement of this Warrant, as this Warrant is the product of negotiation
between sophisticated parties advised by counsel. Any reference to a wholly owned subsidiary of a Person shall mean such subsidiary
is directly or indirectly wholly owned by such Person. All references to “$” or “dollars” mean the lawful
currency of the United States of America, and all references to “NIS” mean the lawful currency of the State of Israel.
Except as expressly stated in this Warrant, all references to any statute, rule or regulation are to the statute, rule or regulation
as amended, modified, supplemented or replaced from time to time (and, in the case of statutes, include any rules and regulations
promulgated under the statute) and to any section of any statute, rule or regulation shall include any successor to the section.

 

23.
Book Entry. The Company shall cause its
transfer agent to maintain its books and records for any Warrant Shares and shall cause its transfer agent or shall itself maintain
its books and records for the Warrants and, in each case, any reissuances thereof, in book-entry form only, unless Warrantholder
and/or an authorized transferee requests the physical issuance of an applicable security.  The Company shall be responsible
for all fees and expenses of its transfer agent with respect to maintaining the Warrant Shares and, if applicable, the Warrant,
in book-entry form.

 

[Remainder
of page intentionally left blank]

 

    14

     

    

 

IN
WITNESS WHEREOF, the Company has caused this Warrant to be duly executed by a duly authorized officer.

 

Dated:
September 14, 2020

 

	 	KORNIT
    DIGITAL LTD.
	 	 	 
	 	By:	/s/
Guy Avidan
	 	 	Name: Guy Avidan
	 	 	Title:   Chief Financial Officer
	 	 	 
	 	Acknowledged
    and Agreed
	 	 	 
	 	AMAZON.COM
    NV INVESTMENT HOLDINGS LLC
	 	 	 
	 	By:	/s/
Torben Severson
	 	 	Name:	Torben Severson
	 	 	Title:	Authorized Signatory

 

     

     

    

 

Annex
A

 

[Form
of Notice of Vesting Event]

Date:

 

TO:
Amazon.com, Inc.

 

RE:
Notice of Vesting Event

 

Reference
is made to that certain Warrant to Purchase Ordinary Shares, dated as of September 14, 2020 (the “Warrant”),
issued to Amazon.com NV Investment Holdings LLC representing a warrant to purchase 3,401,028 Ordinary Shares of Kornit Digital
Ltd. (the “Company”). Capitalized terms used herein without definition are used as defined in the Warrant.

 

The
undersigned hereby delivers notice to you that a Vesting Event has occurred under the terms of the Warrant.

 

	 	A.	Vesting
    Event. The following Vesting Event has occurred on or around __________________, 202__:

 

	 	_____	[***].

 

	 	B.	Vested
    Warrant Shares. After giving effect to the Vesting Event referenced in Paragraph A above, the aggregate number of Warrant
    Shares issuable upon exercise of the Warrant that have vested under the terms of the Warrant is:

____________________________

 

	 	C.	Exercised
    Warrant Shares. The aggregate number of Warrant Shares issuable upon exercise of the Warrant that have been exercised
    as of the date hereof is:

____________________________

 

	 	D.	Purchase
    Price of Exercised Warrant Shares. The aggregate purchase price of the Warrant Shares that have been exercised as of the
    date hereof is:

 

____________________________

 

	 	E.	Unexercised
    Warrant Shares. After giving effect to the Vesting Event referenced in Paragraph A above, the aggregate number of Warrant
    Shares issuable upon exercise of the Warrant that have vested but remain unexercised under the Warrant is:

 

____________________________

 

	 	KORNIT
DIGITAL LTD.
	 	 	 
	 	By:	     
	 	Name:	
	 	Title:	

 

     

     

    

 

Annex
B

 

[Form
of Notice of Exercise]

Date:

 

TO:
Kornit Digital Ltd.

 

RE:
Election to Purchase Ordinary Shares

 

The
undersigned, pursuant to the provisions set forth in the attached Warrant, hereby agrees to subscribe for and purchase the number
of Ordinary Shares set forth below covered by such Warrant. The undersigned, in accordance with Section 3 of the Warrant,
hereby agrees to pay the aggregate Exercise Price for such Ordinary Shares. A new warrant evidencing the remaining Ordinary Shares
covered by such Warrant, but not yet subscribed for and purchased, if any, should be issued in the name of the Warrantholder.
Capitalized terms used herein without their definitions are used as defined in the Warrant.

 

Number
of Ordinary Shares with respect to which the Warrant is being exercised (including shares to be withheld as payment of the Exercise
Price pursuant to Section 3(ii)(b)(ii) of the Warrant, if any):

 

Method
of Payment of Exercise Price (note if Cashless Exercise pursuant to Section 3(ii)(b)(ii) of the Warrant or Cash Exercise
pursuant to Section 3(ii)(b)(i) of the Warrant):

 

Aggregate
Exercise Price: _______________________________

 

 

	 	Holder:
	 	 	 
	 	By:	     
	 	 	 
	 	Name:	
	 	 	 
	 	Title:	

 

     

     

    

 

Exhibit
A

Form of Non-Israeli Resident DeclarationExhibit 10.1

 

Confidential & Privileged

 

 

 

 

 

 

 

 

 

 

 

 

TRANSACTION AGREEMENT

Dated as of September 14, 2020

by and between

KORNIT DIGITAL LTD.

and

AMAZON.COM, INC.

 

 

 

 

 

 

 

 

 

 

 

 

     

     

    

 

TABLE OF
CONTENTS

 

	 	 	Page
	 	 	 
	Article I
	WARRANT ISSUANCE; CLOSING
	 	 	 
	1.1	Warrant Issuance	1
	1.2	Closing	1
	1.3	Interpretation	1
	 	 	 
	Article II
	REPRESENTATIONS AND WARRANTIES
	 	 	 
	2.1	Disclosure; Non-Reliance	2
	2.2	Representations and Warranties of the Company	3
	2.3	Representations and Warranties of Amazon	6
	2.4	Survival	8
	 	 	 
	Article III
	COVENANTS
	 	 	 
	3.1	Efforts	8
	3.2	Public Announcements	10
	3.3	Expenses	11
	3.4	Tax Treatment	12
	 	 	 
	Article IV
	ADDITIONAL AGREEMENTS
	 	 	 
	4.1	Acquisition for Investment	12
	4.2	Legend	12
	4.3	Anti-Takeover Provisions	13
	4.4	Transfer Restrictions	13
	4.5	Standstill Provisions	14
	 	 	 
	Article V
	DEFINITIONS
	 	 	 
	5.1	Defined Terms	16
	 	 	 
	Article VI
	MISCELLANEOUS
	 	 	 
	6.1	Termination of This Agreement; Other Triggers	21
	6.2	Amendment	22
	6.3	Waiver of Conditions	22
	6.4	Counterparts and Facsimile	22
	6.5	Governing Law; Submission to Jurisdiction; WAIVER OF JURY TRIAL	22
	6.6	Notices	23
	6.7	Entire Agreement, Etc	23
	6.8	Assignment	24
	6.9	Severability	24
	6.10	No Third-Party Beneficiaries	24
	6.11	Specific Performance	24
	6.12	Prior Rights	24

 

LIST OF ANNEXES

 

	ANNEX A:	Form of Warrant
	ANNEX B:	Form of Undertaking

 

    i

     

    

 

This TRANSACTION
AGREEMENT, dated as of September 14, 2020 (this “Agreement”), is by and between Kornit Digital Ltd., an
Israeli limited company (the “Company”), and Amazon.com, Inc., a Delaware corporation (“Amazon”).

 

RECITALS:

 

WHEREAS, subject
to the terms and conditions hereof, each of the Company and Amazon determined it was advisable and in the best interests of their
respective companies and stockholders to enter into an amendment to that certain Master Purchase Agreement, effective as of May
1, 2016 by and between the Company and Amazon Corporate LLC (as amended and including all annexes, schedules and exhibits thereto,
the “Master Purchase Agreement”);

 

WHEREAS, in
connection with the transactions contemplated hereby, and subject to the terms and conditions hereof, the Company desires to issue
to Amazon.com NV Investment Holdings LLC, a wholly owned subsidiary of Amazon (“NV Investment Holdings”), and
NV Investment Holdings desires to acquire from the Company, at the Closing, a warrant to purchase a specified number of the Company’s
ordinary shares, NIS 0.01 par value per share (the “Ordinary Shares”); and

 

WHEREAS, each
of the parties wishes to set forth in this Agreement certain terms and conditions regarding, among other things, NV Investment
Holdings’s ownership of the Warrant and Warrant Shares (as defined below), as applicable;

 

NOW, THEREFORE,
in consideration of the premises, and of the representations, warranties, covenants and agreements set forth herein, and intending
to be legally bound, the parties agree as set forth herein.

 

Article
I

WARRANT ISSUANCE; CLOSING

 

1.1 Warrant
Issuance. On the terms and subject to the conditions set forth in this Agreement, the Company shall issue to NV Investment
Holdings, and NV Investment Holdings shall acquire from the Company, at the Closing, a warrant to purchase up to an aggregate
of 3,401,028 Warrant Shares, subject to adjustment in accordance with its terms, in the form attached hereto as Annex A
(the “Warrant”). The issuance of the Warrant by the Company and the acquisition of the Warrant by NV Investment
Holdings are referred to herein as the “Warrant Issuance.”

 

1.2 Closing.
The closing of the Warrant Issuance (the “Closing”) shall take place electronically via exchange of executed
documents, immediately following the execution and delivery of this Agreement. At the Closing, the Company shall deliver to Amazon
the Warrant, as evidenced by a duly and validly executed warrant certificate dated as of the date hereof and bearing appropriate
legends as hereinafter provided for.

 

1.3 Interpretation.
When a reference is made in this Agreement to “Recitals,” “Articles,” “Sections,” “Annexes,”
“Schedules” or “Exhibits” such reference shall be to a Recital, Article or Section of, or Annex, Schedule
or Exhibit to, this Agreement unless otherwise indicated. The terms defined in the singular have a comparable meaning when used
in the plural and vice versa. References to “herein,” “hereof,” “hereunder” and the like refer
to this Agreement as a whole and not to any particular section or provision, unless the context requires otherwise. References
to “parties” refer to the parties to this Agreement. The table of contents and headings contained in this Agreement
are for reference purposes only and are not part of this Agreement. Whenever the word “include,” “includes”
or “including” is used in this Agreement, it shall be deemed followed by the words “without limitation.”
No rule of construction against the draftsperson shall be applied in connection with the interpretation or enforcement of this
Agreement, as this Agreement is the product of negotiation between sophisticated parties advised by counsel. Any reference to
a wholly owned subsidiary of a Person shall mean such subsidiary is directly or indirectly wholly owned by such Person. All references
to “$” or “dollars” mean the lawful currency of the United States of America, and all references to “NIS”
mean the lawful currency of the State of Israel. Except as expressly stated in this Agreement, all references to any statute,
rule or regulation are to the statute, rule or regulation as amended, modified, supplemented or replaced from time to time (and,
in the case of statutes, include any rules and regulations promulgated under the statute) and to any section of any statute, rule
or regulation shall include any successor to the section. The term “Business Day” means any day, other than
a Friday, Saturday, Sunday or any other day on which commercial banks in New York, New York or the State of Israel are authorized
or required by Applicable Law to be closed. With respect to the Warrant and Warrant Shares, such term shall include any Ordinary
Shares or other securities of the Company received by NV Investment Holdings as a result of any stock split, stock dividend or
distribution, other subdivision, reorganization, reclassification or similar capital transaction.

 

     

     

    

 

Article
II

REPRESENTATIONS AND WARRANTIES

 

2.1 Disclosure;
Non-Reliance.

 

(a) “Material
Adverse Effect” means any change, effect, event, development, circumstance or occurrence (each, an “Effect”)
that, taken individually or when taken together with all other applicable Effects, has been, is or would reasonably be, expected
to be materially adverse to (i) the business, assets, condition (financial or otherwise), prospects or results of operations
of the Company and its subsidiaries, taken as a whole, or (ii) the ability of the Company to complete the transactions contemplated
by the Transaction Documents or to perform its obligations under the Transaction Documents; provided, however, that
in no event shall any Effect, alone or in combination, be deemed to constitute, or be taken into account in determining whether
there has been, is or would be, a Material Adverse Effect to the extent resulting from: (A) any change in general economic,
market or political conditions; (B) conditions generally affecting the industry in which the Company operates; (C)
any change in generally accepted accounting principles in the United States (“GAAP”) or Applicable Law; (D)
any act of war (whether or not declared), armed hostilities, sabotage or terrorism, or any material escalation or worsening of
any such events, or any national disaster or any national or international calamity; (E) any epidemic, pandemic or disease
outbreak (including COVID-19) or anything reasonably arising therefrom, including, without limitation, changes in Applicable Law,
customer or supplier behavior, the values of share prices traded on any stock market or exchange; (F) any failure, in and
of itself, to meet internal or published projections, forecasts, targets or revenue or earnings predictions for any period, as
well as any change, in and of itself, by the Company in any projections, forecasts, targets or revenue or earnings predictions
for any period (provided that the underlying causes of such failures (to the extent not otherwise falling within one of the other
exceptions in this proviso) may constitute or be taken into account in determining whether there has been, is, or would be, a Material
Adverse Effect); (G) any change in the price or trading volume of the Ordinary Shares (provided that the underlying causes
of such change (to the extent not otherwise falling within one of the other exceptions in this proviso) may constitute or be taken
into account in determining whether there has been, is or would be, a Material Adverse Effect); or (H) the announcement
of this Agreement or the other Transaction Documents, including, to the extent attributable to such announcement, any loss of or
adverse change in the relationship, contractual or otherwise, of the Company and its subsidiaries with their respective employees,
customers, distributors, licensors, licensees, vendors, lenders, investors, partners or suppliers; provided, further,
however, that any Effect referred to in clauses (A) through (E) may be taken into account in determining whether
or not there has been, is, or would be, a Material Adverse Effect to the extent such Effect has a disproportionate adverse effect
on the Company and its subsidiaries, taken as a whole, as compared to other similarly situated participants in the industry in
which the Company and its subsidiaries operate (in which case any adverse effect(s) to the extent disproportionate may be taken
into account in determining whether or not there has been, is or would be a Material Adverse Effect).

 

(b) “Previously
Disclosed” means information set forth or incorporated in the Company’s Annual Report on Form 20-F for the fiscal
year ended December 31, 2019 or its other reports, statements and forms (including exhibits and other information incorporated
therein) filed with or furnished to the Securities and Exchange Commission (the “Commission”) under Section
13(a), 14(a) or 15(d) of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or under the
Securities Act of 1933, as amended (the “Securities Act”), in each case on or after December 31, 2019 (the “SEC
Reports”) (in each case excluding any disclosures set forth in any risk factor section and in any section relating to
forward-looking or safe harbor statements), to the extent such SEC Reports are filed or furnished at least five (5) Business Days
prior to the execution and delivery of this Agreement.

 

    1

     

    

 

(c) Each
party acknowledges that it is not relying upon any representation or warranty of the other party, express or implied, not set forth
in the Transaction Documents. Amazon acknowledges that it has had an opportunity to conduct such review and analysis of the business,
assets, condition, operations and prospects of the Company and its subsidiaries, including an opportunity to ask such questions
of management and review such information maintained by the Company and its subsidiaries, in each case as it considers sufficient
for the purpose of consummating the transactions contemplated by the Transaction Documents. Amazon further acknowledges that it
has had such an opportunity to consult with its own counsel, financial and tax advisers and other professional advisers as it believes
is sufficient for purposes of the transactions contemplated by the other Transaction Documents. For purposes of this Agreement,
the term “Transaction Documents” refers collectively to this Agreement, the Master Purchase Agreement, the Warrant
and any other agreement entered into by and among the parties and/or their Affiliates on the date hereof in connection with the
transactions contemplated hereby or thereby, in each case, as amended, modified or supplemented from time to time in accordance
with their respective terms.

 

2.2 Representations
and Warranties of the Company. Except as Previously Disclosed or as set forth in the correspondingly numbered section of the
Disclosure Schedules, the Company represents and warrants as of the date of this Agreement and, in the case of the representation
in the last sentence of Section 2.2(c), as of the date of each issuance of Warrant Shares, to Amazon that:

 

(a) Organization
and Authority. The Company has been and is a limited company duly organized and validly existing under the laws of the State
of Israel, the annual fees of the Company payable or due to the Israeli Companies Registrar have been duly paid, and the Company
is not an “infringing company” under Section 362A(a) of the Israeli Companies Law, 5759-1999. The Company has the full
corporate power and authority to own its properties and conduct its business in all material respects as currently conducted, and,
except as would not constitute a Material Adverse Effect, has been and is duly qualified as a foreign corporation for the transaction
of business and is in good standing under the laws of each other jurisdiction in which its ownership or leasing of property or
the conduct of its business requires such qualification. The Company has made available to Amazon complete and correct copies of
the Company’s articles of association, as of the date of this Agreement, and such articles of association are in full force
and effect.

 

(b) Capitalization.
The authorized capital stock of the Company consists of 200,000,000 Ordinary Shares of which, as of the close of business on September
9, 2020, 41,197,714 shares were issued and outstanding. As of the close of business on September 9, 2020, the Company had (i)
options to purchase 804,820 Ordinary Shares outstanding under Company Stock Plans without giving effect to all forfeitures or exercises
that may have occurred during the quarter ending September 30, 2020, including an estimated 11,248 Ordinary Shares reasonably estimated
to be underlying options, the precise number of which remains subject to change based on the application of the Binomial Option
Pricing Method to a dollar-based equity compensation award, (ii) 35,313 Ordinary Shares underlying performance share units,
including an estimated 16,871 Ordinary Shares reasonably estimated to be underlying performance share units, the precise number
of which remains subject to change based on the application of the Monte-Carlo Option Pricing Method to a dollar-based equity compensation
award, (iii) 852,362 Ordinary Shares underlying restricted share units outstanding under the Company Stock Plans, (iv)
2,856,860 Ordinary Shares reserved for additional grants under the Company Stock Plans without giving effect to all forfeitures
or exercises that may have occurred during the quarter ending September 30, 2020 or any adjustments based on the application of
the pricing models specified in clauses (i) and (ii), (v) no other restricted shares, restricted share units or other
share-based awards outstanding under the Company Stock Plans, (vi) an aggregate of 2,294,877 Ordinary Shares issuable upon
cashless exercise of the Prior Warrant as of September 10, 2020 (assuming all Ordinary Shares subject to the Prior Warrant fully
vest) and (vii) no other warrants to purchase Ordinary Shares outstanding. Since the close of business on September 9, 20120,
no shares have been issued or subject to any obligation to be issued, other than those issuable upon exercise of the Prior Warrant
or previously outstanding share based awards, including stock options, performance share units or restricted share units. Since
the close of business on September 9, 2020, no restricted shares, restricted share units or other share-based awards have been
granted. The outstanding Ordinary Shares have been duly authorized and are validly issued, fully paid and nonassessable, and subject
to no preemptive rights (and were not issued in violation of any preemptive rights, the Company’s articles of association,
or any Applicable Laws). Except as set forth above or pursuant to the Transaction Documents, there are no (A) shares of
capital stock or other Equity Securities or Voting Securities of the Company authorized, reserved for issuance, issued or outstanding,
(B) options, warrants, calls, preemptive rights, subscription or other rights, instruments, agreements, arrangements or
commitments of any character, obligating the Company or any of its subsidiaries to issue, transfer or sell or cause to be issued,
transferred or sold any shares of capital stock or other Equity Security or Voting Security in the Company or any securities or
instruments convertible into or exchangeable for such shares of capital stock or other Equity Securities or Voting Securities,
or obligating the Company or any of its subsidiaries to grant, extend or enter into any such option, warrant, call, preemptive
right, subscription or other right, instrument, agreement, arrangement or commitment, (C) outstanding contractual obligations
of the Company or any of its subsidiaries to repurchase, redeem or otherwise acquire any capital stock or other Equity Securities
or Voting Securities of the Company, or (D) issued or outstanding performance awards, units, rights to receive any capital
stock or other Equity Securities or Voting Securities of the Company on a deferred basis, or rights to purchase or receive any
capital stock or Equity Securities or Voting Securities issued or granted by the Company to any current or former director, officer,
employee or consultant of the Company. No subsidiary of the Company owns any shares of capital stock or other Equity Securities
or Voting Securities of the Company. There are no voting trusts or other agreements or understandings to which the Company or any
of its subsidiaries is a party with respect to the voting of the capital stock or other Equity Securities or Voting Securities
of the Company. All options granted and shares reserved or issued pursuant to the Company Stock Plans have been granted, reserved
and issued in all material respects in full compliance with their respective Company Stock Plan and Applicable Law. The issuance
of the Warrant and the Warrant Shares will not result in any adjustment to the conversion price or exercise price of any securities
of the Company that are convertible into, or exercisable for, Ordinary Shares.

 

    2

     

    

 

(c) The
Warrant and Warrant Shares. The Warrant has been duly authorized by the Company and constitutes a valid, legal and binding
obligation of the Company in accordance with its terms, except as the same may be limited by the Bankruptcy Exceptions. The Warrant
Shares have been duly authorized and reserved for issuance upon exercise of the Warrant, and when so issued, paid for and delivered
upon due exercise of the Warrant, will be validly issued, fully paid and nonassessable, and free and clear of any liens or encumbrances,
other than liens or encumbrances created by the Transaction Documents, arising as a matter of Applicable Law or created by or at
the direction of Amazon or any of its Affiliates.

 

(d) Authorization,
Enforceability.

 

(i) The
Company has full power and authority to execute and deliver this Agreement and the other Transaction Documents, as applicable,
to consummate the transactions contemplated hereby and thereby, and to carry out its obligations hereunder and thereunder. The
execution, delivery and performance by the Company of this Agreement and the other Transaction Documents to which it is a party
and the consummation of the transactions contemplated hereby and thereby have been duly authorized by all necessary corporate (or
analogous) action on the part of the Company and its stockholders, and no further approval or authorization is required on the
part of the Company or its stockholders. This Agreement and the other Transaction Documents, assuming the due authorization, execution
and delivery by the other parties hereto and thereto, are valid and binding obligations of the Company, enforceable against the
Company and such subsidiary, respectively, in accordance with their respective terms, except as the same may be limited by applicable
bankruptcy, insolvency, reorganization, moratorium or similar laws affecting the enforcement of creditors’ rights generally
and general equitable principles, regardless of whether such enforceability is considered in a proceeding at law or in equity (“Bankruptcy
Exceptions”).

 

(ii) The
execution, delivery and performance by the Company of this Agreement and the other Transaction Documents, as applicable, and the
consummation of the transactions contemplated hereby and thereby and compliance by the Company with any of the provisions hereof
and thereof, will not: (A) violate, conflict with, or result in a breach of any provision of, or constitute a default (or
an event which, with notice or lapse of time or both, would constitute a default) under, or result in the termination of, or accelerate
the performance required by, or result in a right of termination or acceleration of, or result in the creation of, any lien, security
interest, charge or encumbrance upon any of the properties or assets of the Company or any of its subsidiaries under any of the
terms, conditions or provisions of (x) its articles of association (or analogous organizational documents), or (y)
any note, bond, mortgage, indenture, deed of trust, license, lease, agreement or other instrument or obligation to which the Company
or any of its subsidiaries is a party or by which it or any of its subsidiaries may be bound, or to which the Company or any of
its subsidiaries or any of the properties or assets of the Company or any of its subsidiaries is subject; (B) subject to
compliance with the statutes and regulations referred to in the next paragraph, violate any Applicable Law or Order applicable
to the Company or any of its subsidiaries or any of their respective properties or assets except, in the case of clauses (A)(y)
and (B), for those occurrences that would not constitute a Material Adverse Effect; (C) result in any payment (including
severance, unemployment compensation, forgiveness of indebtedness or otherwise) becoming due to any director or any employee of
the Company or any of its subsidiaries under any employment, compensation or benefit plan, program, policy, agreement or arrangement
that is sponsored, maintained or contributed to by the Company or any of its subsidiaries (each, a “Company Benefit Plan”)
or otherwise; (D) increase any benefits otherwise payable under any Company Benefit Plan; (E) result in any acceleration
of the time of payment or vesting of any such benefits; (F) require the funding or acceleration of funding of any trust
or other funding vehicle; or (G) constitute a “change in control,” “change of control” or other
similar term under any Company Benefit Plan; provided, however, that the foregoing shall not be deemed to include
payments or other benefits under a Company Benefit Plan that (a) gives effect to the Company’s performance of the
Transaction Documents insofar as that performance impacts the Company’s overall results of operations, and (b) are
made to any individual whose compensation is based in part on performance related to a specific territory that is impacted by the
Company’s performance of the Transaction Documents.

 

    3

     

    

 

(iii) Other
than (A) such notices, filings, exemptions, reviews, authorizations, consents or approvals as have been made or obtained
as of the date hereof, and (B) notices, filings, exemptions, reviews, authorizations, consents or approvals as may be required
under, and other applicable requirements of (1) the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended (the
“HSR Act”) (if the parties may not rely on the “Investment-Only” exemption to the HSR Act), (2)
any other Antitrust Laws, to the extent applicable, (3) the Exchange Act, (4) the Securities Act, (5) The
NASDAQ Stock Market, LLC and (6) the Israeli Encouragement Of Industrial Research And Development Law, 5744-1984 (as amended,
and all rules and regulations promulgated thereunder), no notice to, filing with, exemption or review by, or authorization, consent
or approval of, any federal, national, state, local, municipal, international or multinational government or political subdivision
thereof, governmental department, commission, board, bureau, agency, taxing or regulatory authority, judicial or administrative
body, official, tribunal or other instrumentality of any government, whether federal, state or local, domestic or foreign, including
the Israel Lands Authority and quasi-governmental authorities such as the BIRD Foundation, or arbitrator or SRO (each, a “Governmental
Entity”) is required to be made or obtained by the Company or any of its subsidiaries in connection with the consummation
by the Company or any of its subsidiaries of the Warrant Issuance and the other transactions contemplated hereby and by the other
Transaction Documents, except for any such notices, filings, exemptions, reviews, authorizations, consents and approvals the failure
of which to make or obtain would not constitute a Material Adverse Effect. For purposes of this Agreement, “Antitrust
Laws” means the HSR Act, the Sherman Act, as amended, the Clayton Act, as amended, the Federal Trade Commission Act,
as amended, and any other federal, state, local, domestic, foreign or supranational laws that are designed to prohibit, restrict
or regulate actions having the purpose or effect of monopolization or restraint of trade or that provide for review of foreign
investment.

 

(e) Company
Financial Statements; Internal Controls.

 

(i) Each
of the consolidated financial statements included in the SEC Reports (A) complied as to form, as of their respective dates of filing
with the Commission, in all material respects with the applicable accounting requirements and with the rules and regulations of
the Commission, (B) was prepared in accordance with GAAP, in all material respects, applied on a consistent basis during the periods
involved (except as may be indicated in such financial statements or in the notes thereto and subject, in the case of unaudited
statements, to normal year-end audit adjustments and the absence of footnote disclosure), and (C) fairly presents, in all material
respects, the consolidated financial position and the consolidated results of operations and cash flows (and changes in financial
position, if any) of the Company and its subsidiaries as of the date and for the periods referred to in such financial statements
except to the extent such financial statements have been modified or superseded by later SEC Reports, and except, in the case of
the unaudited statements, as permitted by Rule 10-01 of Regulation S-X under the Exchange Act and pursuant to Section 13 or 15(d)
of the Exchange Act and for normal year-end audit adjustments that would not be material in amount or effect; provided, however,
that notwithstanding the foregoing, the quarterly financial disclosures furnished by the Company to the Commission under cover
of Form 6-K do not constitute full financial statements prepared in accordance with GAAP insofar as they lack footnotes and certain
other disclosures.

 

    4

     

    

 

(ii) Neither
the Company nor any of the Company’s subsidiaries is a party to, or has any commitment to become a party to, any joint venture,
off-balance sheet partnership or any similar agreement or arrangement, where the result, purpose or effect of such agreement or
arrangement is to avoid disclosure of any material transaction involving, or material liabilities of, the Company or any of its
subsidiaries in the SEC Reports (including the financial statements contained therein).

 

(iii) The
Company has designed and maintains a system of internal control over financial reporting (as defined in Rules 13a-15(f) and 15d-15(f)
of the Exchange Act) sufficient to provide reasonable assurances regarding the reliability of financial reporting. The Company
(A) has designed and maintains disclosure controls and procedures (as defined in Rules 13a-15(e) and 15d-15(e) of the Exchange
Act) to provide reasonable assurance that information required to be disclosed by the Company in the reports that it files or submits
under the Exchange Act is recorded, processed, summarized and reported within the time periods specified in the Commission’s
rules, regulations and forms, and is accumulated and communicated to the Company’s management as appropriate to allow timely
decisions regarding required disclosure, and (B) has disclosed, based on its most recent evaluation of internal control over financial
reporting, to the Company’s outside auditors and the Audit Committee of the Board (x) all significant deficiencies and material
weaknesses in the design or operation of internal control over financial reporting that would reasonably be expected to adversely
affect the Company’s ability to record, process, summarize and report financial information and (y) any fraud, whether or
not material, that involves management or other employees who have a significant role in the Company’s internal control over
financial reporting, all of which information described in clauses (x) and (y) above has been disclosed by the Company to Amazon
prior to the date hereof. Any material change in internal control over financial reporting required to be disclosed in any SEC
Report has been so disclosed.

 

(iv) Since
December 31, 2017, neither the Company nor any of its subsidiaries has received any material complaint, allegation, assertion or
claim regarding the accounting or auditing practices, procedures, methodologies or methods of the Company or any of its subsidiaries
or their respective internal accounting controls.

 

(v) Each
of the principal executive officer of the Company and the principal financial officer of the Company (or each former principal
executive officer of the Company and each former principal financial officer of the Company, as applicable) has made all certifications
required by Rules 13a-14 and 15d-14 under the Exchange Act and Sections 302 and 906 of the Sarbanes-Oxley Act of 2002, as amended
(“SOX”), with respect to the SEC Reports, and the statements contained in such certifications were true and
complete on the date such certifications were made. For purposes of this Agreement, “principal executive officer” and
“principal financial officer” shall have the meanings given to such terms in SOX.

 

(f) No
Material Adverse Effect. Since December 31, 2019, no Material Adverse Effect has occurred.

 

(g) Reports.

 

(i) Since
December 31, 2017, the Company has complied in all material respects with the filing requirements of Sections 13(a), 14(a) and
15(d) of the Exchange Act, and of the Securities Act.

 

(ii) The
SEC Reports, when they became effective or were filed with the Commission, as the case may be, complied in all material respects
with the requirements of the Securities Act, the Exchange Act and SOX as applicable, and none of such documents, when they became
effective or were filed with the Commission, as the case may be, contained an untrue statement of a material fact or omitted to
state a material fact required to be stated therein or necessary to make the statements therein, in light of the circumstances
under which they were made, not misleading.

 

    5

     

    

 

(h) Litigation
and Liabilities. Since December 31, 2017, (a) there have been, and there are, no civil, criminal or administrative actions,
suits, claims, hearings, arbitrations, investigations or other proceedings pending, or, to the knowledge of the Company, threatened
against the Company or any of its subsidiaries that (i) relate to the Warrant or Warrant Shares, (ii) challenge the validity or
enforceability of the Company’s obligations under this Agreement or the Transaction Documents to which the Company is or
will be a party or (iii) would, individually or in the aggregate, reasonably be likely to have a Material Adverse Effect, or (b)
neither the Company nor any of its subsidiaries has incurred any obligations or liabilities that, individually or in the aggregate,
have had or would likely result in a Material Adverse Effect. Neither the Company nor any of its subsidiaries is a party to or
subject to the provisions of any material judgment, order, writ, injunction, decree or award of any Governmental Entity.

 

(i) Anti-Takeover
Provisions. The actions taken by the Board to approve this Agreement, the Transaction Documents and the transactions contemplated
hereby and thereby, assuming the accuracy of the representations and warranties of Amazon set forth in Section 2.3(c), constitute
all action necessary to render inapplicable to this Agreement, the Transaction Documents and the transactions contemplated hereby
and thereby the provisions of any potentially applicable Anti-Takeover Provisions. The Company is not a party to any shareholder
rights plan or “poison pill” agreement.

 

(j) Related
Party Transactions. Except for compensation arrangements with respect to which all required disclosures have been made in the
SEC Reports, no shareholder, officer or director of the Company or immediate family member thereof (a) is presently a party or
has a direct or indirect interest in any Person (other than publicly traded securities) who is a party to any agreement with the
Company, (b) owns any direct or any indirect interest in any assets of the Company or (c) has any cause of action or other claim
against, or owes any amounts to, the Company except for claims of employees in the ordinary course of business, including for accrued
vacation pay or for accrued benefits under a Company Benefit Plan. There are no outstanding notes payable to, accounts receivable
from or advances by the Company to, and the Company is not otherwise a creditor of, any shareholder, director or officer or any
Affiliate of such shareholder, director or officer.

 

(k) Registration
Rights. The Company has not granted to any Person the right to request or require the Company to register any securities issued
by the Company other than the rights granted to Amazon.

 

(l) Compliance
with Laws. To the extent applicable to it and them, the Company and its subsidiaries are and since January 1, 2017 have been
in compliance with and not in violation of (i) the U.S. Foreign Corrupt Practices Act of 1977, as amended (15 U.S.C. § 78dd1,
et seq.), and the provisions of all anti-bribery, anti-corruption and anti-money laundering laws of each jurisdiction in which
the Company and its subsidiaries operate, (ii) the U.S. Export Administration Regulations, the U.S. International Traffic in Arms
Regulations and laws administered by U.S. Treasury Office of Foreign Assets Control, including with respect to sanctioned individuals
or countries, (iii)  with respect to Israel, the Trading with the Enemy Ordinance – 1939; sanctions lists of individuals
and unlawful entities administered by the Ministry of Defense, the Defense Export Control Law – 2007; the Law Governing the
Control of Commodities and Services – 1957; the Order Regarding the Engagement in Encryption Items – 1974; the Declaration
Governing the Control of Commodities and Services (Engagement in Encryption Items) (Amendment) – 1998; and the Import And
Export Order (Control Of Dual-Purpose Goods, Services And Technology Exports) – 2006, and (iv) any other Applicable Laws
with respect to the Company or its subsidiaries that the noncompliance with or violation of, individually or in the aggregate,
has had or would be reasonably likely to result in a Material Adverse Effect.  There is not, (A) to the Company’s knowledge,
any pending action against or investigation of any of the Company or its subsidiaries by or before, or disclosure to, any governmental
entity in connection with an alleged violation of any laws set forth in the first sentence of this Section 2.2(l), or (B) any
written allegation from any governmental entity asserting an alleged violation of any such laws.

 

(m) Brokers;
Fees and Expenses. No broker, investment banker, financial advisor or other Person is entitled to any broker’s, finder’s,
financial advisor’s or other similar fee or commission, or the reimbursement of expenses, in connection with the transactions
contemplated by this Agreement or the other Transaction Documents based upon arrangements made by or on behalf of the Company.

 

2.3 Representations
and Warranties of Amazon. Amazon hereby represents and warrants as of the date of this Agreement to the Company that:

 

(a) Organization.
Amazon has been duly incorporated and is validly existing as a corporation in good standing under the laws of the State of Delaware,
with the corporate power and authority to own its properties and conduct its business in all material respects as currently conducted.

 

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(b) Authorization,
Enforceability.

 

(i) Amazon
and each of its subsidiaries that is a party to any other Transaction Document have the corporate or analogous power and authority
to execute and deliver this Agreement and the other Transaction Documents to which they are a party, to consummate the transactions
contemplated hereby and thereby, and to carry out their obligations hereunder and thereunder. The execution, delivery and performance
by Amazon, and by each of its subsidiaries that is a party to any other Transaction Document, as applicable, of this Agreement
and the other Transaction Documents to which it is a party and the consummation of the transactions contemplated hereby and thereby
have been duly authorized by all necessary corporate or analogous action on its, or such subsidiary’s, part, as applicable,
and no further approval or authorization is required on its, or such subsidiary’s, part, as applicable. This Agreement and
the other Transaction Documents, assuming the due authorization, execution and delivery by the other parties hereto and thereto,
are valid and binding obligations of Amazon, and such subsidiary, as applicable, enforceable against it, and such subsidiary, as
applicable, in accordance with their respective terms, except as the same may be limited by Bankruptcy Exceptions. Notwithstanding
anything to the contrary contained herein, the exercise of the Warrant may require further board of directors’ (or analogous)
approvals or authorizations on the part of Amazon or such subsidiary, as applicable (the “Exercise Approval”).

 

(ii) The
execution, delivery and performance by Amazon, or any such subsidiary, as applicable, of this Agreement and the other Transaction
Documents to which it or any such subsidiary is a party and the consummation of the transactions contemplated hereby and thereby
and compliance by it, and such subsidiary, as applicable, with any of the provisions hereof and thereof, will not (A) violate,
conflict with, or result in a breach of any provision of, or constitute a default (or an event which, with notice or lapse of time
or both, would constitute a default) under, or result in the termination of, or accelerate the performance required by, or result
in a right of termination or acceleration of, or result in the creation of, any lien, security interest, charge or encumbrance
upon any of its properties or assets under any of the terms, conditions or provisions of (x) subject to Exercise Approval,
its, or such subsidiary’s, as applicable, organizational documents or (y) any note, bond, mortgage, indenture, deed
of trust, license, lease, agreement or other instrument or obligation to which it, or such subsidiary, as applicable, is a party
or by which it, or such subsidiary, as applicable, may be bound, or to which it, or such subsidiary, as applicable, or any of its,
or such subsidiary’s, as applicable, properties or assets are subject, or (B) subject to compliance with the statutes
and regulations referred to in the next paragraph, violate any Applicable Law or Order applicable to it, or such subsidiary, as
applicable, or any of its, or such subsidiary’s, as applicable, properties or assets except, in the case of clauses (A)(y)
and (B), for those occurrences that, individually or in the aggregate, have not had and would not reasonably be expected to have
a material adverse effect on the ability of Amazon to complete the transactions contemplated by the Transaction Documents or perform
its obligations under the Transaction Documents.

 

(iii) Other
than (A) such notices, filings, exemptions, reviews, authorizations, consents or approvals as have been made or obtained
as of the date hereof, and (B) notices, filings, exemptions, reviews, authorizations, consents or approvals as may be required
under, and other applicable requirements of (1) the HSR Act (if the parties may not rely on the “Investment-Only”
exemption to the HSR Act), (2) any other Antitrust Laws, to the extent applicable, (3) the Exchange Act and (4)
the Securities Act, no notice to, filing with, exemption or review by, or authorization, consent or approval of, any Governmental
Entity is required to be made or obtained by it or any of its subsidiaries in connection with the consummation by Amazon or any
of its subsidiaries of the Warrant Issuance and the other transactions contemplated hereby and by the other Transaction Documents,
except for any such notices, filings, exemptions, reviews, authorizations, consents and approvals the failure of which to make
or obtain have not had and would not reasonably be expected to have, individually or in the aggregate, a material adverse effect
on the ability of Amazon to complete the transactions contemplated by the Transaction Documents or to perform its obligations under
the Transaction Documents.

 

(c) Ownership.
Other than pursuant to this Agreement, the other Transaction Documents and the Warrant to Purchase Ordinary Shares dated January
10, 2017 (“Prior Warrant”), Amazon is not the Beneficial Owner of (i) any Ordinary Shares or (ii)
any securities or other instruments representing the right to acquire Ordinary Shares.

 

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(d) Brokers;
Fees and Expenses. No broker, investment banker, financial advisor or other Person is entitled to any broker’s, finder’s,
financial advisor’s or other similar fee or commission, or the reimbursement of expenses, in connection with the transactions
contemplated by this Agreement or the other Transaction Documents based upon arrangements made by or on behalf of Amazon.

 

2.4 Survival.
The representations and warranties in this Agreement shall survive until the later of (a) thirty (30) days after the date that
the Company files with the Commission its audited consolidated financial statements for the fiscal year ending December 31, 2020
or (b) the twelve (12)-month anniversary of the Closing; provided that (i) the representations in Section 2.2(a), Section 2.2(b),
Section 2.2(d) and Section 2.2(m) shall survive until the six (6)-month anniversary of the last Share Delivery Date such that
the Warrant has been exercised in full, and (ii) the representations in Section 2.2(c) and Section 2.2(i) shall survive until
the day after the last Share Delivery Date such that the Warrant has been exercised in full.

 

Article
III

COVENANTS

 

3.1 Efforts.

 

(a) Subject
to the terms and conditions hereof (including the remainder of this Section 3.1) and the other Transaction Documents, each
party shall use its commercially reasonable efforts to take, or cause to be taken, all actions and to do, or cause to be done,
all things necessary, proper or desirable under Applicable Law to carry out the provisions hereof and thereof and give effect to
the transactions contemplated hereby and thereby. In furtherance and not in limitation of the foregoing, each of the parties shall,
(i) subject to the provisions of this Section 3.1, including Section 3.1(d), use its commercially reasonable
efforts to obtain as promptly as reasonably practicable and advisable (as determined in good faith by Amazon after consultation
with the Company in accordance with the first sentence of Section 3.1(d)) all exemptions, authorizations, consents or approvals
from, and to make all filings with and to give all notices to, all third parties, including any Governmental Entities, required
in connection with the transactions contemplated by this Agreement and the other Transaction Documents, which, for the avoidance
of doubt, shall include providing, as promptly as reasonably practicable and advisable, such information to any Governmental Entity
as such Governmental Entity may request in connection therewith, and (ii) cooperate fully with the other party in promptly
seeking to obtain all such exemptions, authorizations, consents or approvals and make all such filings and give such notices.

 

(b) Without
limiting the generality of the foregoing, and only to the extent required by Applicable Law (including, for the avoidance of doubt,
any Antitrust Law) including, without limitation, in the event that the “Investment-Only” exemption is not available
to Amazon, (i) as promptly as reasonably practicable after written notice from Amazon, and in any event no later than in
accordance with established regulatory time frames, the parties shall file any Notification and Report Forms required under the
HSR Act with the Federal Trade Commission and the United States Department of Justice and (ii) as promptly as practicable
after written notice from Amazon, the parties shall file, make or give, as applicable, all other filings, requests or notices required
under any other Antitrust Laws, in each case with respect to the issuance of the Warrant Shares (the “Initial Filing Transaction”)
(the filings, requests and notices described in the foregoing clauses (i) and (ii), collectively, the “Initial Antitrust
Filings”). In addition, following the receipt of the Initial Antitrust Clearance, to the extent required by Applicable
Law (including, for the avoidance of doubt, any Antitrust Law) in connection with any further issuance of Warrant Shares (in each
case, whether in full or in part), the parties shall file, make or give, as applicable, as promptly as reasonably practicable and
advisable (as determined in good faith by Amazon after consultation with the Company in accordance with the first sentence of Section
3.1(d)), any further required filings, requests or notices required under any Antitrust Laws, including the HSR Act. Without
limiting the generality of the foregoing, each party shall supply as promptly as reasonably practicable to the appropriate Governmental
Entities any information and documentary material that may be required pursuant to the HSR Act or any other Antitrust Laws. For
purposes of this Agreement, the term “Initial Antitrust Clearance” as of any time means (x) prior to
such time, the expiration or termination of the waiting period under the HSR Act and the receipt of all exemptions, authorizations,
consents or approvals, the making of all filings and the giving of all notices, and the expiration of all waiting periods, pursuant
to any other Antitrust Laws, in each case to the extent required with respect to the Initial Filing Transaction, and (y)
the absence at such time of any Applicable Law or Order issued by any court of competent jurisdiction or other legal restraint
or prohibition under any Antitrust Law, in each case that has the effect of preventing the consummation of the Initial Filing Transaction.

 

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(c) Subject
to the terms and conditions hereof (including the remainder of this Section 3.1) and the other Transaction Documents, and
only to the extent required under the Antitrust Laws, each of the parties shall use its commercially reasonable efforts to avoid
or eliminate each and every impediment under any Antitrust Laws that may be asserted by any Governmental Entity, so as to enable
the parties to give effect to the transactions contemplated hereby and by the other Transaction Documents in accordance with the
terms hereof and thereof; provided, that notwithstanding anything to the contrary contained herein or in any of the other
Transaction Documents, nothing in this Section 3.1 shall require, or be construed to require, any party or any of its Affiliates
to agree to (and no party or any of its Affiliates shall agree to, without the prior written consent of the other parties): (i)
sell, hold separate, divest, discontinue or limit (or any conditions relating to, or changes or restrictions in, the operation
of) any assets, businesses or interests of it or its Affiliates (irrespective of whether or not such assets, businesses or interests
are related to, are the subject matter of or could be affected by the transactions contemplated by the Transaction Documents);
(ii) without limiting clause (i) in any respect, any conditions relating to, or changes or restrictions in, the operations
of any such assets, businesses or interests that would reasonably be expected to adversely impact (x) the business of, or
the financial, business or strategic benefits of the transactions contemplated hereby or by any of the other Transaction Documents
to it or its Affiliates, or (y) any other assets, businesses or interests of it or its Affiliates; or (iii) without
limiting clause (i) in any respect, any modification or waiver of the terms and conditions of this Agreement or any of the other
Transaction Documents that would reasonably be expected to adversely impact (x) the business of, or financial, business
or strategic benefits of the transactions contemplated hereby or by any of the other Transaction Documents to it or its Affiliates,
or (y) any other assets, businesses or interests of it or its Affiliates.

 

(d) Amazon
shall have the principal responsibility for devising and implementing the strategy (including with respect to the timing of filings)
for obtaining any exemptions, authorizations, consents or approvals required under the HSR Act or any other Antitrust Laws in connection
with the transactions contemplated hereby and by the other Transaction Documents; provided, however, that Amazon
shall consult in advance with the Company and in good faith take the Company’s views into account regarding the overall antitrust
strategy. Each of the parties shall promptly notify the other party of, and if in writing furnish the other with copies of (or,
in the case of oral communications, advise the other of), any substantive communication that it or any of its Affiliates receives
from any Governmental Entity, whether written or oral, relating to the matters that are the subject of this Agreement or any of
the other Transaction Documents, and to the extent reasonably practicable, permit the other party to review in advance any proposed
substantive written communication by such party to any Governmental Entity and consider in good faith the other party’s reasonable
comments on any such proposed substantive written communications prior to their submission. No party shall, and each party shall
cause its Affiliates not to, participate or agree to participate in any substantive meeting or communication with any Governmental
Entity in respect of the subject matter of the Transaction Documents, including on a “no names” or hypothetical basis,
unless (to the extent practicable) it or they consult with the other party in advance, and to the extent practicable and permitted
by such Governmental Entity, give the other party the opportunity to jointly prepare for, attend and participate in such meeting
or communication. The parties shall (and shall cause their Affiliates to) coordinate and cooperate fully with each other in exchanging
such information and providing such assistance as the other party may reasonably request in connection with the matters described
in this Section 3.1, including (x) furnishing to each other all information reasonably requested to determine the
jurisdictions in which a filing or submission under any Antitrust Law is required or advisable, (y) furnishing to each other
all information required for any filing or submission under any Antitrust Law and (z) keeping each other reasonably informed
with respect to the status of each exemption, authorization, consent, approval, filing and notice under any Antitrust Law, in each
case, in connection with the matters that are the subject of this Agreement or any of the other Transaction Documents. The parties
shall provide each other with copies of all substantive correspondence, filings or communications between them or any of their
Affiliates or Representatives, on the one hand, and any Governmental Entity or members of its staff, on the other hand, relating
to the matters that are the subject of this Agreement or any of the other Transaction Documents; provided that such material
may be redacted as necessary to (1) comply with contractual arrangements, (2) address good faith legal privilege
or confidentiality concerns and (3) comply with Applicable Law.

 

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(e) Subject
to the other provisions of this Agreement, including in this Section 3.1, in the event that any arbitral, administrative,
judicial or analogous action, claim or proceeding is instituted (or threatened to be instituted) by a Governmental Entity or any
other party relating to or in connection with the transactions contemplated hereby or by any of the other Transaction Documents
(“Transaction Litigation”), neither party shall be required to contest and resist any such Transaction Litigation
or to seek to have vacated, lifted, reversed or overturned any judgment, ruling, order, writ, injunction or decree, whether temporary,
preliminary or permanent, that is in effect and that prohibits, prevents or restricts consummation or implementation of the transactions
contemplated hereby or by any of the other Transaction Documents. Each party shall keep the other party reasonably informed with
respect to any Transaction Litigation unless doing so would reasonably be likely to jeopardize any privilege of such party regarding
any such Transaction Litigation (subject to such party using commercially reasonable efforts to develop and implement, and cooperating
in good faith with the other party in developing and implementing, reasonable alternative arrangements to provide such other party
with such information). Subject to the immediately preceding sentence, each party shall promptly advise the other party orally
and in writing in connection with, and shall consult with each other with respect to, any Transaction Litigation and shall in good
faith give consideration to each other’s advice with respect to such Transaction Litigation.

 

(f) As
promptly as practicable following the date hereof, the Company shall adopt such amendments and take such further actions and do
or cause to be done all things necessary, proper or advisable under Applicable Law, to prevent the execution and delivery of the
Transaction Documents and the consummation of the transactions contemplated thereby from constituting a “change in control,”
“change of control” or other similar term under any Company Benefit Plan.

 

(g) As
promptly as practicable after Amazon exercises the Warrants and becomes a shareholder of the Company, the Company shall give notice
to the Israeli Innovation Authority (formerly the Office of the Chief Scientist of the Ministry of Economy), provided such notice
has been previously approved by Amazon and if Amazon has or will become an “Interested Party” (as defined
in the Israeli Securities Law-1968) of the Company, such notice shall be accompanied by a customary undertaking to the Israeli
Innovation Authority in the form attached hereto as Annex B as may be amended by the Israeli Innovation Authority from time
to time that shall be executed by Amazon.

 

(h) Notwithstanding
anything herein to the contrary, from and after the earlier of (i) the exercise of the Warrant in full and (ii) the
expiration, termination or cancellation of the Warrant without the Warrant having been exercised in full, no party shall have any
further obligations under this Section 3.1; provided, that this Section 3.1(i) shall in no way relieve any
party with respect to any breach by such party of this Section 3.1 prior to such time.

 

3.2 Public
Announcements.

 

(a) Except
as required by Applicable Law, the Exchange Act, Williams Act or any other U.S. securities Applicable Laws or other disclosure
required by the Commission or other Governmental Entity to be made by Amazon or the Company in connection with the transactions
contemplated by this Agreement, or by the rules or requirements of any stock exchange on which the securities of a party are listed,
no party shall make, or cause to be made, or permit any of its Affiliates to make, any public disclosure in respect of the Transaction
Documents or the transactions contemplated thereby without prior written consent (not to be unreasonably withheld, conditioned
or delayed) of the other party, to the extent such public disclosure relates to the transactions contemplated hereby or by any
of the other Transaction Documents. The parties agree that neither party shall issue a press releases or a portion thereof with
respect to the entry into this Agreement or the grant of the Warrant. Notwithstanding the foregoing, no party shall be required
to receive the consent of the other party to any release, announcement or communication (including any filing required to be made
under the Exchange Act or the Securities Act) to the extent such release, announcement or communication includes information, (i)
that is in a Form 6-K (which shall not include a press release) filed on the date hereof announcing the execution of this Agreement,
the Warrant, and the fourth amendment of the Master Purchase Agreement, (ii) that is consistent with releases, announcements or
other communications previously consented to by the other party in accordance with this Section 3.2, (iii) that is
required to be disclosed under GAAP; or (iv) that has previously been released by either of the parties hereto in respect
of the transactions contemplated hereby or the Transaction Documents without any violation of the terms of this Agreement. Notwithstanding
the preceding sentence, to the extent any disclosure (including communications with investors and analysts) relates to the Transaction
Documents or any transaction contemplated thereby and contains any information inconsistent with the Initial Press Release or releases,
announcements or other communications previously consented to by the other party in accordance with this Section 3.2 or
that has previously been released by either of the parties hereto in respect of the transactions contemplated hereby or the Transaction
Documents without any violation of the terms of this Agreement, such disclosure shall be subject to the prior consent of the other
party (unless it is required to be in such form under Applicable Law), which shall not be unreasonably withheld, conditioned or
delayed.

 

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(b) Without
limiting the foregoing, in recognition of the importance to the Company and Amazon of taking appropriate steps to maintain the
confidentiality of agreements between the parties from the parties’ customers, competitors and suppliers, in the event that
the Company is requested by the Commission or any other regulatory body or stock exchange (the Commission and each such other regulatory
body or stock exchange, a “Disclosure Agency”), or legally required to file or otherwise submit any agreement
to which Amazon is a party (each a “Disclosable Agreement”) or any excerpt from, summary of or specific information
relating to any Disclosable Agreement with or to a Disclosure Agency the filing or submission of which involves or could result
in public disclosure of such Disclosable Agreement or excerpt therefrom, summary thereof or specific information relating thereto,
the Company will (1) promptly notify Amazon of such request or requirement to file or otherwise submit the Disclosable Agreement
or any excerpt therefrom, summary thereof or specific information relating thereto and any applicable deadline for making such
filing or submission, (2) except with respect to this Agreement, the Warrant and the Master Purchase Agreement and any amendments
to any such agreements, use reasonable efforts, the reasonable and documented out-of-pocket expenses of which shall be split between
the parties, to persuade the Disclosure Agency that the Company is not required to file or otherwise submit the Disclosable Agreement
pursuant to applicable laws, rules, regulations and ordinances and, to the extent such efforts are not successful, (3) provide
Amazon with a reasonable opportunity to request (i) a redaction of any information in the Disclosable Agreement or excerpt
therefrom, summary thereof or specific information relating thereto (in addition to any redactions proposed by the Company) prior
to filing or submitting such Disclosable Agreement, excerpt therefrom, summary thereof or specific information relating thereto,
and (ii) if requested or required by the Disclosure Agency, the submission of one or more confidential treatment requests
in support of such redactions with such arguments as requested by Amazon, including in response to any comments or requests for
information issued by the applicable Disclosure Agency, to which, in each case, the Company shall agree absent a reasonable basis
for objection (and shall provide Amazon prompt notice of any such objection, the basis therefor and a reasonable opportunity to
consider and discuss such objection with the Company), (4) provide Amazon (i) with copies of any comments and all other
communications received from the applicable Disclosure Agency with respect to the Disclosable Agreement or confidential treatment
thereof (including a reasonable summary of any oral communications or other comments received other than in writing) as promptly
as reasonably practicable and (ii) with the Company’s proposed response to such comments at least three (3) Business
Days before such response is submitted to the applicable Disclosure Agency, and (5) provide Amazon with a reasonable opportunity
to propose revisions within such three (3)-Business Day period to such proposed response as requested by Amazon, and which revisions
the Company shall make absent a reasonable basis for objection (and shall provide Amazon prompt notice of any such objection, the
basis therefor and a reasonable opportunity to consider and discuss such objection with the Company), and as applicable, use its
commercially reasonable efforts in responding to any such comments in order to pursue assurance that confidential treatment will
be granted. The Company will not file this Agreement, any Disclosable Agreement, any excerpt therefrom, summary or portion thereof
or specific information relating thereto with any Governmental Entity or regulatory body, including any Disclosure Agency, or disclose
any other confidential and/or commercially sensitive information in any manner, except to the extent (i) permitted above,
or (ii) the Company determines in good faith based on the advice of outside counsel that making such filing or submission
without adhering to the requirements set forth above is necessary to comply with Applicable Law. Notwithstanding anything in Section
6.1 of this Agreement to the contrary, the provisions of this Section 3.2(b) will survive for so long as the Master
Purchase Agreement remains in effect.

 

3.3 Expenses.
Unless otherwise provided in any Transaction Document, each of the parties shall bear and pay all costs and expenses incurred
by it or on its behalf in connection with the transactions contemplated under the Transaction Documents, including fees and expenses
of its own financial or other consultants, investment bankers, accountants and counsel.

 

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3.4 Tax Treatment.
No later than ninety (90) days after the Warrant Issuance, Amazon shall provide the Company with a valuation of the Warrant for
tax purposes, taking into account the vesting schedule and any other relevant economic assumptions or inputs with respect to such
Warrant as determined by Amazon. Such valuation shall be binding on Amazon and the Company for all U.S. tax purposes. Amazon
and the Company shall treat the Warrant Issuance for U.S. federal income tax purposes (i) as a closed, taxable transaction occurring
on the date of the Warrant Issuance, rather than as an open transaction, and (ii) not as a transaction in connection with the
performance of services within the meaning of Section 83 of the Code. Neither Amazon nor the Company shall take any position for
tax purposes that is inconsistent with the foregoing, unless required by Applicable Law.

 

Article
IV

ADDITIONAL AGREEMENTS

 

4.1 Acquisition
for Investment. Amazon acknowledges that the issuance of the Warrant and the Warrant Shares has not been registered under
the Securities Act or under any state securities laws. Amazon (i) acknowledges that it is acquiring the Warrant and the
Warrant Shares pursuant to an exemption from registration under the Securities Act solely for its own account for investment with
no present intention to distribute them to any Person in violation of the Securities Act or any other applicable securities laws,
(ii) agrees that it shall not (and shall not permit its Affiliates to) sell or otherwise dispose of the Warrant or the
Warrant Shares, except in compliance with the registration requirements or exemption provisions of the Securities Act and any
Applicable Laws, (iii) acknowledges that it has such knowledge and experience in financial and business matters and in
investments of this type that it is capable of evaluating the merits and risks of the Warrant Issuance and of making an informed
investment decision, and has conducted a review of the business and affairs of the Company that it considers sufficient and reasonable
for purposes of consummating the Warrant Issuance, (iv) acknowledges that it is able to bear the economic risk of the Warrant
Issuance and able to afford a complete loss of such investment and (v) acknowledges that it is an “accredited investor”
(as that term is defined by Rule 501 under the Securities Act).

 

4.2 Legend.
Amazon agrees that all certificates or other instruments representing the Warrant and the Warrant Shares shall bear a legend substantially
to the following effect:

 

“THE SECURITIES REPRESENTED
BY THIS INSTRUMENT HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED, OR THE SECURITIES LAWS OF ANY STATE AND
MAY NOT BE TRANSFERRED, SOLD OR OTHERWISE DISPOSED OF EXCEPT PURSUANT TO AN EFFECTIVE REGISTRATION STATEMENT UNDER SUCH ACT AND
APPLICABLE STATE SECURITIES LAWS OR PURSUANT TO AN EXEMPTION FROM REGISTRATION UNDER SUCH ACT OR SUCH LAWS. THIS INSTRUMENT IS
ISSUED PURSUANT TO AND SUBJECT TO THE RESTRICTIONS ON TRANSFER AND OTHER PROVISIONS OF A TRANSACTION AGREEMENT, DATED AS OF SEPTEMBER
14, 2020, BY AND BETWEEN THE ISSUER OF THESE SECURITIES AND AMAZON.COM, INC., A DELAWARE CORPORATION, A COPY OF WHICH IS ON FILE
WITH THE ISSUER. THE SECURITIES REPRESENTED BY THIS INSTRUMENT MAY NOT BE SOLD OR OTHERWISE TRANSFERRED EXCEPT IN COMPLIANCE WITH
SAID AGREEMENT. ANY SALE OR OTHER TRANSFER NOT IN COMPLIANCE WITH SAID AGREEMENT WILL BE VOID.”

 

Following (a) at Amazon’s request,
the Company obtaining at its own cost (with Amazon being responsible for any reasonable and documented fees and disbursements above
$25,000) an opinion of counsel from a nationally recognized law firm, or (b) Amazon presenting the Company at Amazon’s own
cost with an opinion of counsel from a nationally recognized law firm reasonably satisfactory, in form and substance, to the Company,
in each case for (a) or (b) that the Warrant Shares are eligible to be Transferred without restriction in accordance with Rule
144 under the Securities Act, the Company shall at Amazon’s option either (i) promptly issue new certificates or other instruments
representing such Warrant Shares that shall not contain such portion of the above legend that is no longer applicable, or (ii)
at the Company’s sole expense in accordance with the terms of the Warrant, including that of its transfer agent and for same
day processing, if applicable, shall promptly instruct its transfer agent to use The Depository Trust Company (“DTC”)
Fast Automated Securities Transfer Program to credit such aggregate number of Warrant Shares to which the holder of the Warrant
Shares is entitled pursuant to such exercise to such holder’s or its designee’s balance account with DTC through its
Deposit / Withdrawal At Custodian (“DWAC”) system; provided that the holder of such Warrant Shares surrenders
to the Company the previously issued certificates or other instruments.

 

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4.3 Anti-Takeover
Provisions. The Company shall not take any action that would prevent Amazon from exercising any of its rights under this Agreement
or any of the other Transaction Documents, or any of the transactions contemplated hereby or thereby (a “Burdensome Action”),
including by causing this Agreement or any of the other Transaction Documents, or any of the transactions contemplated hereby
or thereby, to be subject to any requirements imposed by any potentially applicable anti-takeover, control share, fair price,
moratorium, interested shareholder or similar law and any potentially applicable provision of the Company’s articles of
association or bylaws (collectively, the “Anti-Takeover Provisions”) or subject in any manner to any “poison
pill” or similar shareholder rights plan, in each case the result of which would be to cause a Burdensome Action to occur,
and shall take all reasonable steps within its control to exempt (or ensure the continued exemption of) the transactions contemplated
by the Transaction Documents from any applicable Anti-Takeover Provisions, as now or hereafter in effect. The foregoing provision
is not intended to prevent the Company from exercising any right granted pursuant to Article VI hereof.

 

4.4 Transfer
Restrictions.

 

(a) Other
than solely in the case of a Permitted Transfer, NV Investment Holdings shall not Transfer:

 

(i) any
Warrant Shares to any Person that, as of the time of entry into the agreement governing the Transfer, has filed a Schedule 13D
filing with the Commission, has informed Amazon that it will be required to file or currently intends to file a Schedule 13D filing
after the Transfer of the Warrant or Warrant Shares, as applicable, or is to the actual knowledge of Amazon’s executive officers
the Beneficial Owner of more than 10% of the Ordinary Shares through either existing Beneficial Ownership or after the Transfer(with
no obligation of inquiry, other than to (i) review the Schedule 13D and Schedule 13G filings made with respect to the Ordinary
Shares and (ii) to obtain a written representation from the purchaser to the effect that such purchaser will not be required to
file and does not currently intend to file a Schedule 13D and is not the Beneficial Owner of more than 10% of the Ordinary Shares
either through existing Beneficial Ownership or after the Transfer); provided that this Section 4.4(a)(i) shall not
apply to any open market sale of Ordinary Shares through a brokerage transaction effected over a United States national securities
exchange or any sale of Ordinary Shares pursuant to a bona fide Underwritten Offering; provided, further, that the
Company may instruct the underwriter(s) of any such Underwritten Offering to exclude any Person that has filed a Schedule 13D with
respect to the Ordinary Shares; or

 

(ii) for
a period of one year following the date of this Agreement, and other than pursuant to Article VI, any Warrant Shares in
an open market transaction if the number of Shares being transferred exceeds the amount that would be permitted to be transferred
pursuant to Rule 144(e) as such provision applies to “affiliates” unless the average daily trading volume reported
during the thirty (30) calendar days immediately prior to the sale exceeds $1 million.

 

(b) “Permitted
Transfers” means, in each case so long as such Transfer is in accordance with Applicable Law and the provisions of the
Company’s articles of association:

 

(i) a
Transfer of the Warrant or Warrant Shares to Amazon or a wholly owned subsidiary of Amazon, so long as such Transferee, to the
extent it has not already done so, executes a customary joinder to this Agreement, in form and substance reasonably acceptable
to the Company, in which such Transferee agrees to be subject to all covenants and agreements of Amazon under this Agreement;

 

(ii) a
Transfer of the Warrant or Warrant Shares in connection with an Acquisition Transaction approved by the board of directors of the
Company (the “Board”) (including if the Board (A) recommends that its stockholders tender in response
to a tender or exchange offer that, if consummated, would constitute an Acquisition Transaction, or (B) does not recommend
that its stockholders reject any such tender or exchange offer within the ten (10)-Business Day period specified in Rule 14e-2(a)
under the Exchange Act);

 

(iii) a
Transfer of the Warrant or Warrant Shares that constitutes a tender into a tender or exchange offer commenced by the Company or
any of its Affiliates;

 

(iv) a
Transfer of the Warrant Shares with the prior written consent of the Company;

 

    13

     

    

 

(v) a
Transfer of the Warrant (A) to an entity listed in Rule 13d-1(b)(1)(ii) under the Exchange Act, or (B) with the prior
written consent of the Company (such consent not to be unreasonably withheld conditioned or delayed), in each case, other than
to a Competitor of the Company or to a Person that is a Beneficial Owner of more than 10% of the Ordinary Shares either through
existing Beneficial Ownership or after the Transfer;

 

(vi) a
Transfer of the Warrant or Warrant Shares if required by, or reasonably necessary in order for, Amazon to obtain Governmental Approval
for any acquisition (whether direct or indirect, including by way of merger, share exchange, share purchase, consolidation or any
similar transaction), provided that such acquisition is not being undertaken by Amazon for the purpose of evading or avoiding the
transfer restrictions imposed by this Section 4.4; or

 

(vii) a
Transfer of the Warrant or Warrant Shares to the extent required under Applicable Law.

 

(c) Any
Transfer or attempted Transfer of the Warrant or Warrant Shares in violation of this Section 4.4 shall, to the fullest extent
permitted by law, be null and void ab initio, and the Company shall not, and shall instruct its transfer agent and other
third parties not to, record or recognize any such purported transaction on the share register or other books and records of the
Company.

 

(d) Notwithstanding
anything in this Agreement, the transfer restrictions pursuant to this Section 4.4 shall automatically terminate upon the
date that the Beneficial Ownership of Amazon, in the aggregate, of the Ordinary Shares is less than two percent (2%) of the issued
and outstanding Ordinary Shares so long as, as of such date, all of the then-remaining Registrable Securities Beneficially Owned
by Amazon may be sold in a single transaction without limitation under Rule 144 under the Securities Act.

 

4.5 Standstill
Provisions.

 

(a) Amazon
agrees that from the date of this Agreement until such time as the number of Warrant Shares held by Amazon or its subsidiaries
or remaining unexercised under the Warrant is less than two percent (2%) of the outstanding shares of the Company (such period,
the “Standstill Period”), without the prior written approval of the Board, Amazon shall not, directly or indirectly,
and shall cause its subsidiaries not to:

 

(i) acquire,
agree to acquire, propose or offer to acquire, by purchase or otherwise, Equity Securities or Derivative Instruments of the Company,
other than:

 

A. Warrant
Shares acquired by Amazon or its subsidiaries in accordance with the Transaction Documents;

 

B. any
Ordinary Shares acquired by Amazon or its subsidiaries in accordance with the Prior Warrant;

 

C. as
a result of any stock split, stock dividend or distribution, other subdivision, reorganization, reclassification or similar capital
transaction involving Equity Securities of the Company in accordance with this Agreement; or

 

D. pursuant
to and in accordance with Section 4.4(b)(i) and Section 4.4(b)(ii);

 

(ii) make,
or in any way participate or engage in, any “solicitation” of “proxies” (as such terms are used in the
proxy rules of the Commission irrespective of whether those rules apply to the Company or not) (whether or not relating to the
election or removal of directors) to vote any Voting Securities, or disclose how Amazon intends to vote its Shares on any contested
election of directors or any contested proposal relating to an Acquisition Proposal unless such disclosure is (A) to a Governmental
Entity and (B) determined by Amazon in good faith, based on the advice of its legal counsel, to be reasonably required by Applicable
Law;

 

(iii) call,
or seek to call, a meeting of the stockholders of the Company or initiate any stockholder proposal for action by stockholders of
the Company;

 

    14

     

    

 

(iv) nominate
or seek to nominate, directly or indirectly, any Person to the Board;

 

(v) deposit
any Voting Securities in a voting trust or similar contract or agreement or subject any Voting Securities to any voting agreement,
pooling arrangement or similar arrangement, or grant any proxy with respect to any Voting Securities (in each case, other than
to the Company or a Person specified by the Company in a proxy card (paper or electronic) provided to stockholders of the Company
by or on behalf of the Company);

 

(vi) make
any public announcement with respect to, enter, agree to enter, propose or offer to enter into any merger, business combination,
recapitalization, restructuring, change-in-control transaction or other similar extraordinary transaction involving the Company
or any of its subsidiaries, or purchase of a material portion of the assets, properties or Equity Securities of the Company, other
than acquisitions of Equity Securities as follows:

 

A. Warrant
Shares acquired by Amazon or its subsidiaries in accordance with the Transaction Documents;

 

B. any
Ordinary Shares acquired by Amazon or its subsidiaries in accordance with the Prior Warrant;

 

C. as
a result of any stock split, stock dividend or distribution, other subdivision, reorganization, reclassification or similar capital
transaction involving Equity Securities of the Company in accordance with the this Agreement;

 

D. pursuant
to and in accordance with Section 4.4(b)(i) and Section 4.4(b)(ii); or

 

E. Equity
Securities of the Company representing less than 5% of the outstanding Ordinary Shares held by a Person acquired by Amazon or its
Affiliates; provided that such Equity Securities of the Company were acquired by such acquired Person prior to it entering
into an agreement with Amazon to be acquired and not in contemplation of, or in connection with, Amazon’s acquisition of
such Person and Amazon agrees to dispose of those Equity Securities and to reasonably cooperate with the Company to establish a
reasonable timetable and other reasonable parameters for so doing so as to minimize the impact of such disposition on the trading
market for the Ordinary Shares; provided that in connection with such disposition, Amazon shall not be required to take
any action that would be likely to adversely affect the value of the Equity Securities;

 

(vii) otherwise
act, alone or in concert with others, to seek to control or influence the management or the policies of the Company (for the avoidance
of doubt, excluding any such act to the extent in its capacity as a commercial counterparty, customer, supplier, industry participant
or the like);

 

(viii) take
any action that would reasonably be expected to require the Company to make a public announcement regarding any of the events described
above;

 

(ix) advise
or knowingly assist or knowingly encourage or enter into any discussions, negotiations, agreements or arrangements with any other
Persons in connection with the foregoing;

 

(x) form,
join or in any way participate in a Group (other than with its subsidiary that is bound by the restrictions of this Section
4.5(a) or a Group that consists solely of Amazon and/or any of its Affiliates), with respect to any Voting Securities or otherwise
in connection with any of the foregoing; or

 

(xi) publicly
disclose any intention, plan or proposal with respect to any of the foregoing.

 

    15

     

    

 

In addition, Amazon
shall not, directly or indirectly, and shall not permit any of its subsidiaries, directly or indirectly, to, contest the validity
of this Section 4.5 or, subject to Section 4.5(b), seek a waiver, amendment or release of any provisions of this
Section 4.5 (including this sentence) (whether by legal action or otherwise).

 

(b) Notwithstanding
anything to the contrary contained herein or in any of the other Transaction Documents, including Section 4.5(a) hereof,
Amazon shall not be prohibited or restricted from:

 

(i) making
and submitting to the Company and/or the Board, any Acquisition Proposal on a non-publicly disclosed or announced basis, or any
confidential request for the Company and/or the Board to waive, amend or provide a release of any provision of this Section
4.5 (whether or not in connection with such Acquisition Proposal), provided that Amazon shall not submit any request, proposal
or offer that would be reasonably likely to obligate the Company to publicly disclose such request, proposal or offer; and

 

(ii) making
and submitting to the Company, the Board, and/or the Company’s stockholders, following any Acquisition Proposal received
(or entered into) by the Company, the Board or the Company’s stockholders by any Person or Group other than Amazon or any
of its subsidiaries that is, was or becomes, publicly disclosed or announced (including as a result of being approved by the Board
or otherwise the subject of any agreement, contract or understanding with the Company) (the “Original Public Acquisition
Proposal”), a Qualifying Public Acquisition Proposal (which such Qualifying Public Acquisition Proposal may, for the
avoidance of doubt, include requests for the Company and/or the Board to waive, amend or provide a release of any provision of
this Section 4.5), or from taking any other action, whether or not otherwise restricted by Section 4.5(a), in connection
with evaluating, making, submitting, negotiating, effectuating or implementing any such Qualifying Public Acquisition Proposal
(or any amendment, supplement or modification thereto).

 

Article
V

DEFINITIONS

 

5.1 Defined
Terms. Capitalized terms when used in this Agreement have the following meanings:

 

“Acquisition
Proposal” means any proposal, offer, inquiry, indication of interest or expression of intent (whether binding or nonbinding,
and whether communicated to the Company, the Board or publicly announced to the Company’s stockholders or otherwise) by any
Person or Group relating to an Acquisition Transaction.

 

“Acquisition
Transaction” means (a) any transaction or series of related transactions as a result of which any Person or Group
(excluding Amazon or any of its Affiliates) becomes the Beneficial Owner, directly or indirectly, of thirty-five percent (35%)
or more of the outstanding Equity Securities (measured by either voting power or economic interests) of the Company, (b)
any transaction or series of related transactions in which the stockholders of the Company immediately prior to such transaction
or series of related transactions (the “Pre-Transaction Stockholders”) cease to beneficially own, directly or
indirectly, at least sixty-five percent (65%) of the outstanding Equity Securities (measured by either voting power or economic
interests) of the Company or in the surviving or resulting entity of such transactions; provided that this clause (b) shall
not apply if (i) such transaction or series of related transactions is an acquisition by the Company effected, in whole
or in part, through the issuance of Equity Securities of the Company, (ii) such acquisition does not result in a Person
or Group beneficially owning, directly or indirectly, a greater percentage of the outstanding Equity Securities (measured by either
voting power or economic interests) of the Company than Amazon, and (iii) the Pre-Transaction Stockholders continue to beneficially
own, directly or indirectly, at least sixty percent (60%) of the outstanding Equity Securities (measured by voting power and economic
interests) of the Company, (c) any merger, consolidation, statutory share exchange, reorganization, recapitalization or
similar extraordinary transaction (which may include a reclassification) involving the Company, as a result of which at least thirty-five
percent (35%) ownership of the Company is Transferred to another Person or Group (excluding Amazon or any of its Affiliates), (d)
individuals who constitute the Continuing Directors, taken together, ceasing for any reason to constitute at least a majority of
the Board, (e) any sale or lease or exchange, Transfer, license or disposition of a business, deposits or assets that constitute
thirty-five percent (35%) or more of the consolidated assets, business, revenues, net income, assets or deposits of the Company,
or (f) any transaction or series of related transactions as a result of which the Ordinary Shares are no longer traded on
The NASDAQ Stock Market, LLC or, unless otherwise agreed in writing between Amazon and the Company, the Public Float of the Company
constitutes less than thirty-five percent (35%) of the outstanding Ordinary Shares of the Company.

 

    16

     

    

 

“Affiliate”
means, with respect to any person, any other person (for all purposes hereunder, including any entities or individuals) that directly
or indirectly, through one or more intermediaries, controls, is controlled by or is under common control with, such first person.
It is expressly agreed that, for purposes of this definition, none of the Company or any of its subsidiaries is an Affiliate of
Amazon or any of its subsidiaries (and vice versa).

 

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

 

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

 

“Anti-Takeover
Provisions” has the meaning set forth in Section 4.3.

 

“Antitrust
Laws” has the meaning set forth in Section 2.2(d)(iii).

 

“Applicable
Law” means, with respect to any Person, any federal, national, state, local, municipal, international, multinational
or SRO statute, law, ordinance, secondary and subordinate legislation, directives, rule (including rules of common law), regulation,
ordinance, treaty, Order, permit, authorization or other requirement applicable to such Person, its assets, properties, operations
or business.

 

“Bankruptcy
Exceptions” has the meaning set forth in Section 2.2(d)(i).

 

“Beneficial
Owner,” “Beneficially Owned” or “Beneficial Ownership” has the meaning assigned
to such term in Rule 13d-3 under the Exchange Act, and a Person’s beneficial ownership of securities shall be calculated
in accordance with the provisions of such Rule (in each case, irrespective of whether or not such Rule is actually applicable in
such circumstance); provided that, except as otherwise specified herein, such calculations shall be made inclusive of all
Warrant Shares subject to issuance pursuant to the Warrant.

 

“Board”
has the meaning set forth in Section 4.4(b)(ii).

 

“Business
Day” has the meaning set forth in Section 1.3.

 

“Claim Notice”
has the meaning set forth in Section 3.1(f).

 

“Closing”
has the meaning set forth in Section 1.2.

 

“Code”
means the U.S. Internal Revenue Code of 1986, as amended (or any successor thereto).

 

“Commission”
has the meaning set forth in Section 2.1(b).

 

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

 

“Company Benefit
Plan” has the meaning set forth in Section 2.2(d)(ii).

 

“Company Stock
Plans” has the meaning set forth in Section 2.2(b).

 

“Competitor”
means any Person that engages, or proposes to engage, in (i) the business of providing digital direct to garment printing solutions
and/or digital roll to roll fabric printing solutions, including but not limited to Brother, Epson, Ricoh, EFI, Dover Corporation,
Aeoon Digital, Durst, SPGPrints, HP, M&R, or MHM, or (ii) any other line of business, or other products or services, that (a)
the Company enters into before the Expiration Time and (b) constitutes at least 10% of the consolidated revenue of the Company;
provided, however, that a Competitor shall not include a Person that holds a direct or indirect equity interest of less than 5%
of the outstanding equity interests of such Person.

 

    17

     

    

 

“Confidentiality
Agreement” means the Mutual Nondisclosure Agreement, dated as of February 12, 2016, by and between Amazon and the Company.

 

“Continuing
Directors” means the directors of the Company on the date hereof and each other director, if, in each case, (i) such
other director’s nomination for election to the Board is recommended by more than fifty percent (50%) of the directors of
the Company as of the date of such other director’s nomination for election to the Board, or (ii) Amazon and its subsidiaries
shall have voted any Ordinary Shares in favor of the election of such other director to the Board.

 

“control”
means the possession, directly or indirectly, of the power to direct or cause the direction of the management and policies of a
Person, whether through the ownership of voting securities, by contract or otherwise. “controlled” and “controlling”
shall be construed accordingly.

 

“conversion”
has the meaning set forth in the definition of Equity Securities.

 

“convertible
securities” has the meaning set forth in the definition of Equity Securities.

 

“Derivative
Instruments” means any and all derivative securities (as defined under Rule 16a-1 under the Exchange Act) that increase
in value as the value of any Equity Securities of the Company increases, including a long convertible security, a long call option
and a short put option position, in each case, regardless of whether (x) such interest conveys any voting rights in such
security, (y) such interest is required to be, or is capable of being, settled through delivery of such security or (z)
other transactions hedge the economic effect of such interest.

 

“Disclosable
Agreement” has the meaning set forth in Section 3.2(b).

 

“Disclosure
Agency” has the meaning set forth in Section 3.2(b).

 

“DTC”
has the meaning set forth in Section 4.2.

 

“DWAC”
has the meaning set forth in Section 4.2.

 

“Effect”
has the meaning set forth in Section 2.1(a).

 

“Equity Securities”
means any and all (i) shares, interests, participations or other equivalents (however designated) of capital stock or other
voting securities of a corporation and any and all equivalent or analogous ownership (or profit) or voting interests in a Person
(other than a corporation), (ii) securities convertible into or exchangeable for shares, interests, participations or other
equivalents (however designated) of capital stock or voting securities of (or other ownership or profit or voting interests in)
such Person and (iii) any and all warrants, rights or options to purchase any of the foregoing, whether voting or nonvoting,
and, in each case, whether or not such shares, interests, participations, equivalents, securities, warrants, options, rights or
other interests are authorized or otherwise existing on any date of determination (clauses (ii) and (iii), collectively “convertible
securities” and any conversion, exchange or exercise of any convertible securities, a “conversion”).

 

“Exchange
Act” has the meaning set forth in Section 2.1(b).

 

“Exercise
Approval” has the meaning set forth in Section 2.3(b)(i).

 

“Expiration
Time” has the meaning ascribed to it in the Warrant.

 

“FCPA”
has the meaning set forth in Section 2.2(l).

 

“fully diluted
basis” means as of any time of determination, the number of Ordinary Shares that would then be outstanding, assuming
the complete exercise, exchange or conversion of all then-outstanding Equity Securities of the Company, including, for the avoidance
of doubt, as of the date of this Agreement, the Warrant Shares.

 

    18

     

    

 

“GAAP”
has the meaning set forth in Section 2.1(a).

 

“Governmental
Approval” means any authorization, consent, approval, waiver, exception, variance, order, exemption, publication, filing,
declaration, concession, grant, franchise, agreement, permission, permit, or license of, from or with any Governmental Entity,
the giving of notice to or registration with any Governmental Entity or any other action in respect of any Governmental Entity.

 

“Governmental
Entity” has the meaning set forth in Section 2.2(d)(iii).

 

“Group”
has the meaning assigned to such term in Section 13(d)(3) of the Exchange Act.

 

“HSR Act”
has the meaning set forth in Section 2.2(d)(iii).

 

“Initial Antitrust
Clearance” has the meaning set forth in Section 3.1(b).

 

“Initial Antitrust
Filings” has the meaning set forth in Section 3.1(b).

 

“Initial Filing
Transaction” has the meaning set forth in Section 3.1(b).

 

“Losses”
means all losses, claims, damages, liabilities, costs, expenses (including reasonable expenses of investigation and reasonable
attorneys’ fees and expenses), judgments, fines, penalties, charges and amounts paid in settlement.

 

“Interested
Party” has the meaning set forth in Section 3.1(h).

 

“Master Purchase
Agreement” has the meaning set forth in the recitals.

 

“Material
Adverse Effect” has the meaning set forth in Section 2.1(a).

 

“NIS”
means the Israeli New Shekel, the lawful currency of the State of Israel.

 

“Notice Period”
has the meaning set forth in Section 3.1(f).

 

“NV Investment
Holdings” has the meaning set forth in the recitals.

 

“Order”
means any judgment, decision, decree, order, settlement, injunction, writ, stipulation, determination or award issued by any Governmental
Entity.

 

“Ordinary
Shares” has the meaning set forth in the recitals.

 

“Original
Public Acquisition Proposal” has the meaning set forth in Section 4.5(b)(ii).

 

“Permitted
Transfers” has the meaning set forth in Section 4.4(b).

 

“Person”
means an individual, company, corporation, partnership, limited liability company, trust, body corporate (wherever located) or
other entity, organization or unincorporated association, including any Governmental Entity.

 

“Previously
Disclosed” has the meaning set forth in Section 2.1(b).

 

“Prior Transaction
Agreement” has the meaning set forth in Section 6.12.

 

“Prior Warrant”
has the meaning set forth in Section 2.3(c).

 

    19

     

    

 

“Public Float”
means the outstanding Ordinary Shares Beneficially Owned by shareholders of the Company other than (a) any Person or Group beneficially
owning more than ten percent (10%) of all outstanding Ordinary Shares, (b) directors or executive officers of the Company and any
members of their immediate family and (c) other Affiliates of the Company, with no share of the Ordinary Shares being counted more
than once; provided, however, that the Ordinary Shares beneficially owned by any shareholder in excess of ten percent
(10%) of the outstanding Ordinary Shares as set forth in the beneficial ownership table in the Company’s most recent proxy
statement filed with the SEC and who continues to own in excess of ten percent (10%) of the outstanding Ordinary Shares as of the
date of this Agreement shall be included in the definition of Public Float for so long as such shareholder does not increase such
shareholder’s Beneficial Ownership of Ordinary Shares through the acquisition of Equity Securities from or after the date
of this Agreement in an aggregate amount that exceeds two percent (2%) of all outstanding Ordinary Shares. For the avoidance of
doubt, in the calculation of Public Float, but not for purposes of determining whether or not the shares of a Person beneficially
owning in excess of ten percent (10%) of the outstanding Ordinary Shares are included in the calculation of Public Float, Ordinary
Shares underlying stock options or other equity awards issued to directors or executive officers shall not be treated as Beneficially
Owned by such directors or executive officers unless and until such options or other equity awards are exercised or settled.

 

“Qualifying
Public Acquisition Proposal” means as it relates to any Original Public Acquisition Proposal under Section 4.5(b),
any proposal, offer, inquiry or indication of interest (whether binding or nonbinding, and whether communicated to the Company,
the Board or publicly announced to the Company’s stockholders or otherwise) by Amazon relating to an alternative Acquisition
Proposal that Amazon determines in good faith constitutes greater value than such Original Public Acquisition Proposal.

 

“Registrable
Securities” means any and all (i) Warrant or Warrant Shares, (ii) other stock or securities that Amazon
or its subsidiaries may be entitled to receive, or will have received, pursuant to its ownership of the Warrant or Warrant Shares,
in lieu of or in addition to Ordinary Shares, and (iii) Equity Securities issued or issuable directly or indirectly with
respect to the securities referred to in the foregoing clause (i) or (ii) by way of conversion or exchange thereof
or share dividend or share split or in connection with a combination of shares, recapitalization, reclassification, merger, amalgamation,
arrangement, consolidation or other reorganization. As to any particular securities constituting Registrable Securities, such securities
shall cease to be Registrable Securities when they (x) have been effectively registered or qualified for sale by prospectus
filed under the Securities Act and disposed of in accordance with the registration statement covering such securities, or (y)
have been otherwise sold pursuant to Rule 144. For purposes of this Agreement, a Person shall be deemed to be a holder of Registrable
Securities whenever such Person has the right to acquire directly or indirectly such Registrable Securities (upon conversion or
exercise in connection with a transfer of securities or otherwise, but disregarding any restrictions or limitations upon the exercise
of such right), whether or not such acquisition has actually been effected. For the sake of clarity, the parties agree that the
Warrant and the Warrant Shares will also be considered Registrable Securities (as such term is defined in the Prior Transaction
Agreement).

 

“Representatives”
means with respect to a Person: (i) any of its Affiliates or (ii) its or its Affiliate’s respective directors, managers,
officers, employees and authorized representatives (including attorneys, accountants, consultants, bankers and financial advisors
thereof).

 

“SDNY”
has the meaning set forth in Section 6.5.

 

“SEC Reports”
has the meaning set forth in Section 2.1(b).

 

“Securities
Act” has the meaning set forth in Section 2.1(b).

 

“Share Delivery
Date” has the meaning set forth in the Warrant.

 

“Shares”
has the meaning set forth in the recitals.

 

“SOX”
has the meaning set forth in Section 2.2(e)(v).

 

    20

     

    

 

“SRO”
means any (i) “self-regulatory organization” as defined in Section 3(a)(26) of the Exchange Act, (ii)
other United States or foreign securities exchange, futures exchange, commodities exchange or contract market or (iii) other
securities exchange.

 

“Standstill
Period” has the meaning set forth in Section 4.5(a).

 

“subsidiary”
means, with respect to such Person, any foreign or domestic entity, whether incorporated or unincorporated, of which (i)
such Person or any other subsidiary of such Person is a general partner, (ii) at least a majority of the voting power to
elect a majority of the directors or others performing similar functions with respect to such other entity is directly or indirectly
owned or controlled by such Person or by any one or more of such Person’s subsidiaries, or (iii) at least fifty percent
(50%) of the Equity Securities of which are directly or indirectly owned or controlled by such Person or by any one or more of
such Person’s subsidiaries.

 

“Transaction
Documents” has the meaning set forth in Section 2.1(c).

 

“Transaction
Litigation” has the meaning set forth in Section 3.1(e).

 

“Transfer”
means (i) any direct or indirect offer, sale, lease, assignment, encumbrance, pledge, grant of a security interest, hypothecation,
disposition or other transfer (by operation of law or otherwise), either voluntary or involuntary, or entry into any contract,
option or other arrangement or understanding with respect to any offer, sale, lease, assignment, encumbrance, pledge, hypothecation,
disposition or other transfer (by operation of law or otherwise), of any capital stock or interest in any capital stock or (ii)
in respect of any capital stock or interest in any capital stock, the entry into any swap or any other agreement, transaction or
series of transactions that hedges or transfers, in whole or in part, directly or indirectly, the economic consequence of ownership
of such capital stock or interest in capital stock, whether any such swap, agreement, transaction or series of transaction is to
be settled by delivery of securities, in cash or otherwise. “Transferred” shall be construed accordingly. “Transferee”
means a Person to whom a Transfer is made or is proposed to be made.

 

“Underwritten
Offering” means a sale of securities of the Company to an underwriter or underwriters for reoffering to the public.

 

“Voting Securities”
means Ordinary Shares of the Company and any other securities of the Company entitled to vote generally in the election of directors
of the Company.

 

“Warrant”
has the meaning set forth in Section 1.1.

 

“Warrant Issuance”
has the meaning set forth in Section 1.1.

 

“Warrant Shares”
has the meaning ascribed to it in the Warrant.

 

Article
VI

MISCELLANEOUS

 

6.1 Termination
of This Agreement; Other Triggers.

 

(a) This
Agreement may be terminated at any time:

 

(i) with
the prior written consent of each of Amazon and the Company; or

 

(ii) if
the Initial Antitrust Clearance shall not have been obtained on or prior to the date that is six (6) months after the latest date
of the Initial Antitrust Filings, by Amazon, provided that Amazon may not exercise the termination right pursuant to this
Section 6.1(a)(ii) if a breach by Amazon of any obligation, representation or warranty under this Agreement has been the
cause of, or resulted in, the failure of the Initial Antitrust Clearance to have been obtained on or prior to the date that is
six (6) months after the latest date of the Initial Antitrust Filings.

 

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(b) In
the event of termination of this Agreement as provided in this Section 6.1, this Agreement (other than Section 1.3 (Interpretation),
Article II (Representations and Warranties) (subject to the applicable survival periods and to the extent any Warrant Shares
have vested prior to termination), Section 3.2 (Public Announcements), Section 3.3 (Expenses), Section
4.1 (Acquisition for Investment) (to the extent any Warrant Shares have been issued prior to termination), Section
4.2 (Legend) (to the extent any Warrant Shares have been issued prior to termination), Article V (Definitions)
(to the extent relevant for any other surviving Sections or Articles) and this Article VI (Miscellaneous), each of
which shall survive any termination of this Agreement) shall forthwith become void and there shall be no liability on the part
of any party, except that nothing herein shall relieve any party from liability for any breach of this Agreement prior to such
termination.

 

(c) Without
affecting in any manner any prior exercise of the Warrant, in the event of termination of this Agreement as provided in this Section
6.1, the unvested portion of the Warrant shall be canceled and terminated and shall forthwith become void and the Company shall
have no subsequent obligation to issue, and the Warrantholder (as defined in the Warrant) shall have no subsequent right to acquire,
any Warrant Shares pursuant to such canceled portion of the Warrant. For the avoidance of doubt, the Warrant shall remain in full
force and effect with respect to the vested portion thereof, and nothing in this Section 6.1 shall affect the ability of
the NV Investment Holdings to exercise such vested portion of the Warrant following termination of this Agreement.

 

6.2 Amendment.
No amendment of any provision of this Agreement shall be effective unless made in writing and signed by a duly authorized officer
of each party.

 

6.3 Waiver
of Conditions. The conditions to any party’s obligation to consummate any transaction contemplated herein are for the
sole benefit of such party and may be waived by such party in whole or in part to the extent permitted by Applicable Law. No waiver
shall be effective unless it is in writing signed by a duly authorized officer of the waiving party that makes express reference
to the provision or provisions subject to such waiver.

 

6.4 Counterparts
and Facsimile. This Agreement may be executed in any number of separate counterparts, each such counterpart being deemed to
be an original instrument, and all such counterparts shall together constitute the same agreement. Executed signature pages to
this Agreement may be delivered by facsimile or transmitted electronically by “pdf” file and such facsimiles or pdf
files shall be deemed as sufficient as if actual signature pages had been delivered.

 

6.5 Governing
Law; Submission to Jurisdiction; WAIVER OF JURY TRIAL. This Agreement shall be governed by, and construed and enforced in
accordance with, the laws of the State of New York, without regard to any choice or conflict-of-law provision or rule (whether
of the State of New York or any other jurisdiction) that would cause the application of the laws of any jurisdiction other than
the State of New York. In addition, each of the parties (a) expressly submits to the personal jurisdiction and venue of the United
States District Court for the Southern District of New York (“SDNY”), or if the SDNY is unavailable, state court located
in the borough of Manhattan, New York, in the event any dispute (whether in contract, tort or otherwise) arises out of this Agreement
or the transactions contemplated hereby, (b) expressly waives any claim of lack of personal jurisdiction or improper venue and
any claims that such courts are an inconvenient forum, and (c) agrees that it shall not bring any claim, action or proceeding
relating to this Agreement or the transactions contemplated hereby in any court other than courts referenced in, and in stipulated
preference ranking, of the preceding clause (a). Each party hereby irrevocably consents to the service of process of any of the
aforementioned courts in any such suit, action or proceeding by the mailing of copies thereof by registered or certified mail
or by overnight courier service, postage prepaid, to its address set forth in Section 6.6, such service to become effective
ten (10) days after such mailing. EACH PARTY HEREBY WAIVES TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW ANY RIGHT IT MAY
HAVE TO A TRIAL BY JURY IN RESPECT OF ANY CLAIM, ACTION OR PROCEEDING DIRECTLY OR INDIRECTLY ARISING OUT OF, UNDER OR IN CONNECTION
WITH THIS AGREEMENT OR THE TRANSACTIONS CONTEMPLATED HEREBY. EACH PARTY (i) CERTIFIES THAT NO REPRESENTATIVE, AGENT OR ATTORNEY
OF ANY OTHER PARTY HAS REPRESENTED, EXPRESSLY OR OTHERWISE, THAT SUCH OTHER PARTY WOULD NOT, IN THE EVENT OF LITIGATION, SEEK
TO ENFORCE THE FOREGOING WAIVER AND (ii) ACKNOWLEDGES THAT IT HAS BEEN INDUCED TO ENTER INTO THIS AGREEMENT BY, AMONG OTHER THINGS,
THE MUTUAL WAIVERS AND CERTIFICATIONS IN THIS SECTION 6.5.

 

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6.6 Notices.
Any notice, request, instruction or other document to be given hereunder by any party to the other shall be in writing and shall
be deemed to have been duly given (a) if sent by registered or certified mail in the United States return receipt requested,
upon receipt, (b) if sent by nationally recognized overnight air courier, two (2) Business Days after mailing, (c)
if sent by email or facsimile transmission, with a copy mailed on the same day in the manner provided in clause (a) or (b) of
this Section 6.6 when transmitted and receipt is confirmed, or (d) if otherwise actually personally delivered, when
delivered. All notices hereunder shall be delivered as set forth below or pursuant to such other instructions as may be designated
in writing by the party to receive such notice.

 

If to the Company, to:

	Name:	Kornit Digital Ltd.
	Address:	12 Ha`Amal Street, Afek Park, Rosh-Ha`Ayin 4809246, Israel
	Fax:	+972 3 908 0280
	Email:	Guy.Avidan@kornit.com
	Attn:	Guy Avidan

 

with a copy to (which copy alone shall not constitute
notice):

	Name:	Meitar | Law Offices
	Address:	 16 Abba Hillel Silver Road, Ramat Gan 5250608, Israel
	Fax:	+ 972 3 610 3688
	Email:	Avivav@meitar.com
	Attn:	Aviv Advidan-Shalit

 

and

 

	Name:	White & Case LLP
	Address:	1221 Avenue of the Americas, New York, NY 10020-1095
	Fax:	+1 212 354 8113
	Email:	cdiamond@whitecase.com
	Attn:	Colin Diamond

 

if to Amazon, to:

	Name:	Amazon.com, Inc.
	Address:	 410 Terry Avenue North Seattle, WA 98109-5210
	Fax:	(206) 266-7010
	Email:	AmazonWarrants@amazon.com
	Attn:	General Counsel

 

with a copy to (which copy alone shall not constitute
notice):

 

Gibson, Dunn & Crutcher LLP

1881 Page Mill Road

Palo Alto, California 94304

	Attn:	Ed Batts, Esq.
	Fax:	(650) 849-5092
	Email:	ebatts@gibsondunn.com

 

6.7 Entire
Agreement, Etc. This Agreement (including the Schedules, Exhibits and Annexes hereto) and the other Transaction Documents,
and the Confidentiality Agreement constitute the entire agreement and supersede all other prior agreements, understandings, representations
and warranties, both written and oral, between the parties, with respect to the subject matter hereof. No party shall take, or
cause to be taken, including by entering into agreements or other arrangements with provisions or obligations that conflict, or
purport to conflict, with the terms of the Transaction Documents or any of the transactions contemplated thereby, any action with
either an intent or effect of impairing any such other Person’s rights under any of the Transaction Documents.

 

    23

     

    

 

6.8 Assignment.
Neither this Agreement nor any right, remedy, obligation or liability arising hereunder or by reason hereof shall be assignable
by any party without the prior written consent of the other party, and any attempt to assign any right, remedy, obligation or
liability hereunder without such consent shall be void, except that Amazon may Transfer or assign, in whole or from time to time
in part, to one or more of its direct or indirect wholly owned subsidiaries, its rights and/or obligations under this Agreement,
but any such Transfer or assignment shall not relieve Amazon of its obligations hereunder. Subject to the preceding sentence,
this Agreement shall be binding upon, inure to the benefit of and be enforceable by the parties and their respective successors
and assigns.

 

6.9 Severability.
If any provision of this Agreement or a Transaction Document, or the application thereof to any Person or circumstance, is determined
by a court of competent jurisdiction to be invalid, void or unenforceable, the remaining provisions hereof, or the application
of such provision to Persons or circumstances other than those as to which it has been held invalid or unenforceable, shall remain
in full force and effect and shall in no way be affected, impaired or invalidated thereby, so long as the economic or legal substance
of the transactions contemplated hereby or thereby is not affected in any manner materially adverse to any party. Upon such determination,
the parties shall negotiate in good faith in an effort to agree upon a suitable and equitable substitute provision to effect the
original intent of the parties.

 

6.10 No Third-Party
Beneficiaries. Nothing contained in this Agreement, expressed or implied, is intended to confer upon any Person other than
the parties (and any wholly owned subsidiary of Amazon to which an assignment is made in accordance with this Agreement) any benefits,
rights or remedies.

 

6.11 Specific
Performance. The parties agree that failure of any party to perform its agreements and covenants hereunder, including a party’s
failure to take all actions as are necessary on such party’s part in accordance with the terms and conditions of this Agreement
to consummate the transactions contemplated hereby, will cause irreparable injury to the other party, for which monetary damages,
even if available, will not be an adequate remedy. It is agreed that the parties shall be entitled to equitable relief, including
injunctive relief and specific performance of the terms hereof, without the requirement of posting a bond or other security, and
each party hereby consents to the issuance of injunctive relief by any court of competent jurisdiction to compel performance of
a party’s obligations and to the granting by any court of the remedy of specific performance of such party’s obligations
hereunder, this being in addition to any other remedies to which the parties are entitled at law or equity.

 

6.12 Prior
Rights. The parties hereto hereby acknowledge and agree that Article V and Article VI (including any definitions related
to such Articles) of that certain Transaction Agreement, dated January 10, 2017, by and between the Company and Amazon (the “Prior
Transaction Agreement”) will continue to exist in accordance with their terms.

 

* * *

 

    24

     

    

 

IN WITNESS WHEREOF,
this Agreement has been duly executed and delivered by the duly authorized officers of the parties as of the date first herein
above written.

 

	 	KORNIT DIGITAL LTD.
	 	 	 
	 	By:	/s/ Guy Avidan 
	 	 	Name: Guy Avidan
	 	 	Title:   Chief Financial Officer
	 	 	 
	 	AMAZON.COM, INC.
	 	 	 
	 	By:	/s/
Torben Severson
	 	 	Name: 	Torben Severson
	 	 	Title: 	Authorized Signatory

  

     

     

    

 

ANNEX A

 

Form of Warrant

 

     

     

    

 

ANNEX B

 

Form of Undertaking

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