Document:

Exhibit 10.7

 

Horn & Co. Draft, January 31, 2018

 

AMENDMENT TO THE SECOND AMENDED AND RESTATED
ENGAGEMENT AGREEMENT

 

This Amendment to the Second Amended and
Restated Engagement Agreement (the “Amendment”) is entered into on January 31, 2018 (the “Signing Date”),
and will be effective as of September 26, 2017 (the “Effective Date”) by and between INX Ltd. (the “Company”)
and A-Labs Finance and Advisory Ltd. (the “Advisor”).

 

	WHEREAS,	the Company and the Advisor entered into an agreement pursuant
to the Engagement Agreement dated as of the Effective Date, as amended on December 14, 2017, December 27, 2017 and December 28,
2017 (the “Agreement”); and

 

	WHEREAS,	The parties agreed to amend the Agreement as set forth
herein;

 

NOW, THEREFORE, in consideration of the respective agreements
of the parties contained herein, the parties agree as follows:

 

		1.	Capitalized terms not otherwise defined herein shall
bear the meanings ascribed to them in the Agreement.

 

		2.	Section 4.1.3.3 shall be deleted in its entirety and
replaced with the following:

 

“A-Labs acknowledges that it holds 1,120,000
Ordinary Shares of the company constituting 12.57% of the share capital of the Company on a fully diluted basis as of the Signing
Date”.

 

		3.	Section 4.1.4 shall be deleted in its entirety and
replaced with the following:

 

“Upon the consummation of the contemplated
initial public offering of Tokens in which the Company shall raise from third parties within the United States of America and/or
from third parties which are deemed US persons not less than US$ 10,000,000 in consideration for Tokens, the Company shall pay
A-Labs a one-time cash payment in the amount of US$ 500,000 (the “US Success Fee’’).” .

 

		4.	Section 4.1.4.A shall be added to the Agreement after
Section 4.1.4 and shall state as follows:

 

“4.1.4.A. A-Labs will be entitled to a percentage
of all ICO Proceeds upon the Closing of a Successful ICO (the ’’NON-US Success Fee’’), as follows:

 

	Amount of ICO Proceeds	 	Success Fee
	ICO Proceeds of up to US$30 million.	 	10% of the ICO Proceeds.
	ICO Proceeds in excess of US$30 million and up to US$100 million.	 	5% of the ICO Proceeds.
	ICO Proceeds in excess of US$ 100 million and up to US$200 million.	 	6% of the ICO Proceeds.
	ICO Proceeds in excess of US$200 million.	 	7.5% of the ICO Proceeds

 

For the purpose of this Section 4, the term
“ICO Proceeds” shall mean the total aggregate amounts paid by purchasers of Tokens other than those accounted for by
Section 4.1.4 above in cash, Bitcoin or Ethereum, actually received by the Company an or prior to the closing of the ]CO (the “ICO
Day”).

 

For
the purpose of this Agreement, the term “Successful ICO” shall mean an initial public offering of Tokens in which
the Company shall raise from third parties other than those accounted for by Section 4.1.4 above, no less than US$ 10,000,000
in consideration for Tokens.

 

    

     

    

 

Horn
& Co. Draft, January 31, 2018

 

The US Success Fee and
the Non-US Success Fee shall be referred hereto together as the “Success Fee”.

 

		5.	Unless amended hereby, all provisions of the Agreement
shall remain in full force and effect.

 

IN WITNESS WHEREOF, the Company
has caused this Amendment to be executed by its duly authorized officer and the Advisor has duly executed this Amendment by its
duly authorized officer as of the day and year first above written.

 

This Amendment will come into effect only upon the signature
of both the Company and the Advisor.

 

	INX LTD.	 	A-LABS FINANCE AND ADVISORY LTD.
	 	 	 
	By:	/s/ James
Crossley	 	By:	/s/ Doron
Cohen
	Name: 	James Crossley	 	Name:	Doron Cohen
	Title: 	Director	 	Title:	CEOExhibit 10.8

 

Amended and Restated Exchange
Software - MVP Version -Agreement

 

This Amended and Restated Software Services Agreement
is made on May 9, 2018, and is effective as of October 1, 2017 (the “Effective Date”) between Y. S Technologies
Ltd. (“Developer”), a an Israeli corporation with its principal place of business at 2nd Ha-Mada
St., Rehovot, Israel, and INX Ltd, a Gibraltar company (“Company”), whose principal place of residence is at
157/63 Line Wall Road, Gibraltar, GX11 1AA, Gibraltar.

 

Whereas,

 

The parties entered into an Exchange Software - MVP
Version - Agreement dated as of the Effective Date, as amended on February 18, 2018 (the “First Agreement”);
and

 

Whereas,

 

The parties wish to amend the First Agreement and
replace it in its entirety with this Amended and Restated Agreement (the “Agreement”), such that this Agreement
shall, commencing as of the Effective Date, replace any previous agreement, whether oral or written, between the parties or anyone
on their behalf in connection with the subject matter;

 

Therefore, the parties have agreed as follows:

 

	1.	Exchange Software

 

Developer shall provide Company with certain services
for the design, development, implementation, modification and customization of an MVP Exchange Software (“Software”),
including, without limitation, servers and security measures, in accordance with the specification (“Specification”),
as further described in the Statement of Work which is attached to this agreement as Schedule A (the “SOW”,
and together the “Services”).

 

	lA.	Representations.

 

	lA.I	Developer represents and warrants that it has sufficient
experience, knowledge and ability to render the Services and perform its obligations in accordance herewith. Developer further
represents and warrants that it will not make use of (i) any confidential or proprietary information belonging to any third party,
or (ii) any information which Developer is restricted from disclosing or using due to contractual undertakings (such as non-disclosure
agreements) or by law, in the provision of the Services hereunder.

 

	lA.2	Developer represents and warrants that the execution
and delivery of this Agreement and the fulfillment of the terms hereof will not constitute a default under or breach of any agreement
and/or undertaking and/or other instrument to which it is a party, including without limitation, any confidentiality or non-competition
agreement, and do not require the consent of any person or entity which has not been obtained by Developer.

 

	lA.3	Developer represents and warrants that it shall comply
with all applicable laws, regulations and the terms hereof in the performance of its duties and obligations hereunder. Developer
further represents that there is no legal, commercial, contractual or other restriction, which precludes or might preclude it
from fully performing the obligations pursuant to this Agreement.

 

    1

     

    

 

	2.	Acceptance and Rejection

 

		2.1.	Inspection Period. Company will have 45 Business Days after Developer delivers the Software to inspect and test the
Software to ensure it meets the Acceptance Criteria (as defined below) (the “Inspection Period”).

 

		2.2.	Acceptance. If in Company’s opinion the Software meets the Acceptance Criteria, Company shall accept the Software
and notify Developer that it is accepting the Software.

 

		2.3.	Deemed Acceptance. Company will be deemed to have accepted the Software if Company fails to notify Developer on or before
the expiration of the Inspection Period.

 

		2.4.	Rejection. If in Company’s opinion, the Software fails in a material way to meet the Acceptance Criteria, Company
may reject the Software by delivering to Developer a written list detailing each failure to satisfy the Acceptance Criteria.

 

		2.5.	Opportunity to Cure. If Company rejects the Software, Developer will have 30 days from the date of notice to promptly
cure the failure in the Software and re-deliver the Software to Company to re-inspect and test.

 

		2.6.	Continued Failure to Cure. If in Company’s opinion, Developer’s corrections fail to satisfy the Acceptance
Criteria, Company may immediately terminate this Agreement.

 

		2.7.	Acceptance Criteria. “Acceptance Criteria” means the specifications the Software must meet, as described
in Schedule A, attached to this Agreement.

 

	3.	Development Price. Company shall pay Developer the consideration set forth in
                                       Sections 3.1, 3.2 and 3.3 below.

 

		3.1.	An initial down payment of NIS 158,000 due on the date hereof; and

 

		3.2.	An additional down payment of NIS 119,000 due on May 30, 2018; and

 

		3.3.	The consideration set forth in Schedule A in accordance with the timetable specified therein and subject to completion of the
milestones linked to each payment (and together with the payment stated in Section 3.1 and 3.2 above which will be deducted from
the consideration due under this Section 3.3, the “Purchase Price”), provided however that, in the event that
the Company shall not raise US$ 5 million or more in consideration for equity, debt or other securities or tokens generated and/or
issued by the Company until June 30, 2018, the total amount of Purchase Price due by the Company shall be caped and shall not exceed
the amount of NIS 277,000.

 

		3.4.	All payments made in immediately available funds against receipt of an invoice by Company.

 

		3.5.	VAT will be added to the payments (if needed).

 

		3.6.	For the work done according to this Agreement, Company shall grant Developer on the date hereof an option (the “Option”)
to purchase 68,173 Ordinary Shares of the Company (which Options are subject to future dilutions). The Option’s exercise
price shall be equal to the nominal value of the shares and the Option’s terms shall be as set forth the warrant form attached
hereto as Schedule Al.

 

		3.7.	Developer shall not be entitled to receive any other compensation or payment from Company other than as expressly stated in
this section 3.

 

    2

     

    

 

	4.	Taxes and Right to Suspend. Notwithstanding anything to the contrary, Developer shall be solely responsible for any
tax and other payments required by law in connection with this Agreement and the payment or remittance of any portion of the consideration
hereunder, provided, however, that Company may withhold any amounts as required by applicable law from any
payments or other forms of compensation hereunder or in connection with this Agreement.

 

If Company fails to make payments
when due and does not cure such default within 15 days following receipt of a written notice from the Developer, Developer may
suspend the development of the Software until Company pays all outstanding fees, without derogating from any other remedy to which
Developer is entitled to.

 

	5.	Support

 

		5.1.	Initial Support. For the 3 month period beginning on the date of delivery and installation of the Software on Company’s
server (the “Initial Support Period”), and at Developer’s own expense, Developer shall provide Company
with maintenance and support services in accordance with the Service Level Agreement attached hereto as Schedule B (“SLA”).
SLA shall include, without limitation: telephone or electronic support in order to help Developer locate and correct problems with
the Software.

 

		5.2.	Renewed Support. After the period of the Initial Support Period, Company may elect to renew Developer’s support
services under Schedule B for additional 3-month periods, at an annual rate equal to 25% of the aggregate Purchase Price.

 

	6.	Changes

 

		6.1.	Notice of Necessary Changes. Company shall promptly notify Developer in writing of any change to the Software that Company
reasonably determines is necessary.

 

		6.2.	Contents of Notice. Company shall include in its notice to Software

 

		6.2.1.	the particular elements of the Software that it seeks to change,

 

		6.2.2.	the reason for the requested change, and

 

Within 5 days from receipt of notice of change,
Developer shall notify Company of the impact, if any, that the requested change will have on:

 

		a)	the time schedule for the performance of the Services, and

 

		b)	any other terms or conditions of this Agreement (including pricing).

 

Company will review the implications and will either
reject or approve the change.

 

		6.2.3.	Changes Made in Writing. Any approved changes to the Software must be in writing, by an updated SOW, and should be signed by
each party.

 

	7.	Limited Warranty

 

		7.1.	Software Warranty. Developer hereby warrants that for a period of twelve (12) months (the “Warranty Period”),
that when operated according to the documentation and other instructions, the Software will perform substantially according to
the functional specifications listed in the documentation.

 

		7.2.	Service Warranty. Developer hereby warrants that its Services will be performed consistent with generally accepted industry
standards.

 

		7.3.	Replace or Replace. During the Warranty Period, promptly following receipt of a notice of a defect from Company, Developer
shall repair or replace the defect in the Software.

 

    3

     

    

 

		7.4.	No Other Obligation. Developer’s obligation to repair or replace defects in the Software under this section will
be Company’s sole remedy for defects, or if Developer is unable to repair or replace the Software, refund to Company the
applicable fees paid upon return, if applicable, of the nonconforming item to Developer.

 

		7.5.	Limitation of Compensation. Developer’s obligation to repair or replace defects under this section shall be limited
to the value of the Purchase Price.

 

	8.	Limitation of Compensation. In any event where the Developer should compensate the Company, the compensation shall be
limited to the value of the Purchase Price

 

	9.	No Infringement. Developer hereby warrants that nothing in the services provided thereby, infringes or will infringe
Intellectual Property rights of a third party.

 

	10.	Exclusions from Warranty. Software’s warranties under this Agreement exclude any claims based on defects in the
Software caused by Company, or by third parties.

 

	11.	Ownership of Work Product

 

		11.1.	Except as otherwise set forth below, all inventions, data, works, designs, technology and improvements related to the Services
and created by Developer during the performance of the Services hereunder, including the Software (together, “Inventions”),
shall be the sole and exclusive property of Company. Developer will assign and convey to Company all right and title to the Inventions,
including all Moral Rights therein, together with the source code, and any and all related patents, copyrights, trademarks, trade
names, and/or other industrial or other intellectual property rights and applications thereof.

 

		11.2.	“Moral Rights” shall mean any rights of paternity or integrity, any right to claim authorship of an invention,
to object to any distortion, mutilation or other modification of, or other derogatory action in relation to, any invention, whether
or not such would be prejudicial to her honor or reputation, and any similar right, existing under judicial or statutory law of
any country in the world, or under any treaty, regardless of whether or not such right is denominated or generally referred to
as a “moral right”.

 

	12.	Confidentiality

 

		12.1.	Company acknowledges and agrees that Developer (for the purpose of this section, “Recipient”) will have
access to certain information of a proprietary or confidential nature of the Company (for the purpose of this section, “Discloser”)
during the term of this Agreement, including, without limitation, technical or nontechnical data, formulas, patterns, compilations,
programs, devices, methods, techniques, processes, financial data, financial plans, product plans, names of customers and potential
customers, including pricing and frequency of service, names of suppliers and potential suppliers, employees, employee compensation
plans, and any method, technique, or system concerning pricing or marketing, all of which are actually or potentially valuable
to Discloser, which are not generally known or readily ascertainable by persons not engaged by the Discloser, all of which is proprietary
and confidential to Discloser. For purposes of this Agreement, such information is hereafter considered “Confidential
Information”.

 

		12.2.	The confidentiality obligations hereunder shall not apply to any information that Recipient can document (a) is already or
becomes in the public domain through no fault of Recipient or a breach of Section 12; (b) was, as between the parties to this Agreement,
lawfully in Recipient’s possession prior to receipt from Discloser; (c) is received by Recipient independently from a third
party free to lawfully disclose such information to Recipient, or (d) is independently developed by Recipient without use of or
reference to Confidential Information.

 

    4

     

    

 

		12.3.	Recipient will hold in confidence all such Confidential Information and will not use such Confidential Information except as
permitted herein and will not disclose any Confidential Information to any third-party without the prior written consent of Discloser,
or unless required to do so by court order or subpoena, other than to those employees or service providers of Recipient who have
a need to know such information and who are bound by confidentiality and non-use undertakings no less restrictive than those contained
herein. If Recipient becomes legally compelled by law, court order or subpoena, to make any disclosure contrary to the terms of
this Agreement, Recipient shall provide Discloser with prompt notice of such legal proceedings so that Discloser may seek an appropriate
protective order or other appropriate relief or waive compliance with the provisions of this Agreement. Recipient further agrees
to return all Confidential Information (and any tangible materials incorporating Confidential Information) to Discloser upon the
termination of this Agreement. However, Recipient may retain one copy of the Confidential Information in order to comply with mandatorily
applicable law and to observe its obligations under this Agreement.

 

		12.4.	Recipient further acknowledges and recognizes that Discloser would suffer irreparable harm if Recipient violates this Agreement
concerning Confidential Information and that damages may not be a suitable remedy for such a violation. Accordingly, in addition
to all other remedies to which Discloser may be entitled, Discloser may also be entitled to seek injunctive relief and any other
form of equitable relief

 

		12.5.	Recipient’s obligations hereunder with respect to each item of Confidential Information shall expire 1 year from the
date of receipt by Recipient or such longer period if trade secret protection applies.

 

	13.	Non-compete; Non-Solicitation

 

During the term of this Agreement, and for a period
of 1 year from the date of completion of Services hereunder, Developer and its affiliates, directly or indirectly, shall not: (i)
compete with the Company or its business nor provide services or develop software related to cryptocurrency exchanges; and (ii)
entice or solicit to employ, or employ, directly or indirectly, any individual employed by the Company or any of its affiliates.

 

During the term of this Agreement, and for a period
of 1 year from the date of completion of Services hereunder, Company and its affiliates, directly or indirectly, shall not entice
or solicit to employ, or employ, directly or indirectly, any individual employed by the Developer or any of its affiliates. “Entice”
or “solicit” shall not be deemed to mean any soliciting or hiring any person that his employment with Developer has
been terminated by Developer. In addition, employment in good faith of an employee of Developer who approached the Company via
general advertising not targeted at any such individual shall not be deemed breach of this Section 13, provided that the Company
shall terminate the engagement with such employee upon receipt of a written notice by Developer with respect to its relationship
with such employee within the shortest period determined by the applicable law for such termination.

 

	14.	Termination

 

		14.1.	Term. This Agreement shall become effective as of the Effective Date and, unless otherwise terminated in accordance
with the provisions of this Section 14, will continue until the Services have been fully delivered and completed to the full satisfaction
of the Company.

 

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		14.2.	Termination for Convenience. Notwithstanding anything to the contrary herein, the Company may terminate this Agreement
upon 30 days advance written notice to the Developer.

 

		14.3.	Termination for Material Breach. Each party may terminate this Agreement with immediate effect by delivering notice
of the termination to the other party, if

 

		a)	the other party fails to perform, has made or makes any inaccuracy in, or otherwise materially breaches, any of its obligations,
covenants, or representations, and

 

		b)	the failure, inaccuracy, or breach continues for a period of 15 days after the injured party delivers notice to the breaching
party reasonably detailing the breach

 

		14.4.	Termination for Insolvency. If either party becomes insolvent, bankrupt, or enters receivership, dissolution, or liquidation,
the other party may terminate this agreement with immediate effect.

 

		14.5.	Termination for not Raising Sufficient Funds. If the Company does not raise US$ 5 million or more in consideration for
equity, debt or other securities or tokens generated and/or issued by the Company until June 30, 2018, this Agreement shall terminate
on June 30, 2018 and the Company shall pay Service Provider amounts due until such date provided that such amounts shall not exceed
the cap amount set forth is Section 3.3 above.

 

	15.	Effect of Termination

 

		15.1.	Termination of Obligations. Unless otherwise set forth herein, on termination or expiration of this Agreement, each
party’s rights and obligations under this agreement will cease immediately

 

		15.2.	Payment Obligations. Even after termination or expiration of this Agreement and subject to the provisions of Section
3 above, each party shall:

 

		a)	pay any amounts it owes to the other party, including payment obligations for services already rendered, work already performed,
goods already delivered, or expenses already incurred, and

 

		b)	refund any payments received but not yet earned, including payments for services not rendered, work not performed, or goods
not delivered, expenses forwarded

 

		15.3.	No Further Liability. On termination or expiration of this Agreement, neither party will be liable to the other party,
except for liability

 

		a)	that arose before the termination or expiration of this Agreement, or

 

		b)	arising after the termination or expiration of this Agreement and in connection with sections 12 and 13.

 

	16.	Mutual Limitation on Liability. Neither party will be liable for breach-of-contract damages that are remote or speculative,
or that the breaching party could not reasonably have foreseen on entry into this Agreement.

 

	17.	Definitions

 

“Business Day” means a day other than a
Saturday, a Friday, or any other day on which the principal banks located in Tel-Aviv, Israel are not open for business.

 

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“Effective Date” is defined in the introduction
to this agreement.

 

“Taxes” includes all taxes, assessments,
charges, duties, fees, levies, and other charges of a governmental authority, including income, franchise, capital stock, real
property, personal property, tangible, withholding, employment, payroll, social security, social contribution, unemployment compensation,
disability, transfer, sales, use, excise, gross receipts, value added and all other taxes of any kind for which a party may have
any liability imposed by any governmental authority, whether disputed or not, any related charges, interest or penalties imposed
by any governmental authority, and any liability for any other person as a transferee or successor by Law, contract or otherwise.

 

“Law” means

 

		a)	any law (including the common law), statute, bylaw, rule, regulation, order, ordinance, treaty, decree, judgment, and

 

		b)	any official directive, protocol, code, guideline, notice, approval, order, policy, or other requirement of any governmental
authority having the force of law.

 

“Person” includes

 

		a)	any corporation, company, limited liability company, partnership, governmental authority, joint venture, fund, trust, association,
syndicate, organization, or other entity or group of persons, whether incorporated or not, and

 

		(b)	any individual.

 

	18.	General Provisions

 

		18.1.	Entire Agreement. The parties intend that this Agreement, together with all attachments, schedules, exhibits, and other
documents that both are referenced in this agreement and refer to this Agreement

 

		a)	represent the final expression of the parties’ intent and agreement between the parties relating to the subject matter
of this Agreement.

 

		b)	contain all the terms the parties agreed to relating to the subject matter, and

 

		c)	replace all the parties’ previous discussions, understandings, and agreements relating to the subject matter hereof.

 

		18.2.	Counterparts. This Agreement may be signed in any number of counterparts, each of which shall be deemed as an original
and together all counterparts shall form one single document.

 

		18.3.	Amendment. This Agreement can be amended only by a writing signed by both parties.

 

		18.4.	Assignment. Neither party may assign this agreement or any of their rights or obligations under this Agreement without
the other party’s written consent; provided that Company may, without such consent, freely assign its rights and obligations
under this Agreement in connection with a merger, consolidation or sale of substantially all of the business to which this Agreement
relates.

 

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		18.5.	Binding Effect. This Agreement will benefit and bind the parties and their respective heirs, successors, and permitted
assignees.

 

		18.6.	Governing Law and Consent to Jurisdiction and Venue

 

		(a)	Governing Law. This agreement, and any dispute arising out of this Agreement shall be governed by laws of the State
of Israel.

 

		(b)	Consent to Jurisdiction. Each party hereby irrevocably consents to the jurisdiction and venue of any court located within
Tel-Aviv, Israel in connection with any matter arising out of this Agreement.

 

		(c)	Consent to Service. Each party hereby irrevocably

 

		(i)	agrees that process may be served on it in any manner authorized by the Laws of the State of Israel for such Persons, and

 

		(ii)	waives any objection which it might otherwise have to service of process under the Laws of the State of Israel.

 

		18.7.	Force Majeure. A party shall not be liable for any failure of or delay in the performance of this Agreement for the
period that such failure or delay is

 

		(a)	beyond the reasonable control of a party,

 

		(b)	materially affects the performance of any of its obligations under this Agreement, and

 

		(c)	could not reasonably have been foreseen or provided against, but will not be excused for failure or delay resulting from only
general economic conditions or other general market effects.

 

This Agreement has been signed by the parties in Israel.

 

	Y S Technologies Ltd.	 	INX Ltd.
	 	 	 	 	 
	Name:	Israel Weisman	 	Name:	James Crossley, Director
	 	 	 	 	 
	Date:	9/5/2018	 	Date	10/05/2018
	 	 	 	 	 
	Signature	/s/ Israel Weisman	 	Signature	/s/
    James Crossley

 

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	Budget
    - INX	 	 	 	 
	#	 	Module/View	 	Resource
    Type	 	Duration
    (weeks)	 	People	 	Price
    per Person	 	Total	 	Notes	 	MVP	 	 	 	 
	1	 	Users Management	 	backend	 	6	 	0.75	 	33,000	 	24,750	 	 	 	*	 	 	 	 
	2	 	 	 	frontend	 	6	 	1	 	33,000	 	33,000	 	 	 	 	 	 	 	 
	3	 	 	 	project management	 	4	 	0.5	 	33,000	 	16,500	 	 	 	 	 	 	 	 
	4	 	KYC + 3rd party integration	 	backend	 	2	 	1	 	33,000	 	33,000	 	 	 	*	 	 	 	 
	5	 	 	 	frontend	 	3	 	1	 	33,000	 	33,000	 	 	 	 	 	 	 	 
	6	 	 	 	project management	 	2	 	0.5	 	33,000	 	16,500	 	 	 	 	 	 	 	 
	7	 	User balance management (deposit, withdrawal	 	backend	 	8	 	2	 	33,000	 	66,000	 	 	 	*	 	 	 	 
	8	 	 	 	frontend	 	6	 	1	 	33,000	 	33,000	 	 	 	 	 	 	 	 
	9	 	 	 	project management	 	6	 	0.75	 	33,000	 	24,750	 	 	 	 	 	 	 	 
	10	 	 	 	blockchain expert	 	4	 	1	 	33,000	 	33,000	 	 	 	 	 	 	 	 
	11	 	Trading - genera	 	backend	 	12	 	 	 	33,000	 	33,000	 	 	 	*	 	 	 	 
	12	 	 	 	frontend	 	12	 	2	 	33,000	 	66,000	 	 	 	 	 	 	 	 
	13	 	Trading - limit	 	backend	 	1	 	1	 	33,000	 	33,000	 	 	 	*	 	 	 	 
	14	 	 	 	frontend	 	3	 	1	 	33,000	 	33,000	 	 	 	?	 	 	 	 
	15	 	Trading - market	 	backend	 	2	 	1	 	33,000	 	33,000	 	 	 	 	 	 	 	 
	16	 	 	 	frontend	 	2	 	0.5	 	33,000	 	16,500	 	 	 	 	 	 	 	 
	17	 	Trading - scope	 	backend	 	4	 	1	 	33,000	 	33,000	 	 	 	 	 	 	 	 
	18	 	 	 	frontend	 	2	 	1	 	33,000	 	33,000	 	 	 	 	 	 	 	 
	19	 	Trading - Fill or kill	 	backend	 	4	 	1	 	33,000	 	33,000	 	 	 	 	 	 	 	 
	20	 	 	 	frontend	 	4	 	1	 	33,000	 	33,000	 	 	 	 	 	 	 	 
	21	 	 	 	project management	 	4	 	0.5	 	33,000	 	16,500	 	 	 	 	 	 	 	 
	22	 	Trading - All or nothing	 	backend	 	4	 	1	 	33,000	 	33,000	 	 	 	 	 	 	 	 
	23	 	 	 	frontend	 	4	 	1	 	33,000	 	33,000	 	 	 	 	 	 	 	 
	24	 	 	 	project management	 	4	 	0.5	 	33,000	 	16,500	 	 	 	 	 	 	 	 
	25	 	Trading - One Cancel the Other	 	backend	 	4	 	 	 	33,000	 	33,000	 	 	 	 	 	 	 	 
	26	 	 	 	frontend	 	4	 	1	 	33,000	 	33,000	 	 	 	 	 	 	 	 
	27	 	 	 	project management	 	4	 	0.5	 	33,000	 	16,500	 	 	 	 	 	 	 	 
	28	 	Trading - Dark pool order	 	backend	 	4	 	1	 	33,000	 	33,000	 	 	 	 	 	 	 	 
	29	 	 	 	frontend	 	4	 	1	 	33,000	 	33,000	 	 	 	 	 	 	 	 
	30	 	 	 	project management	 	4	 	0.5	 	33,000	 	16,500	 	 	 	 	 	 	 	 
	31	 	Long/Short	 	backend	 	8	 	2	 	33,000	 	66,000	 	 	 	 	 	 	 	 
	32	 	 	 	frontend	 	8	 	2	 	33,000	 	66,000	 	 	 	 	 	 	 	 
	33	 	 	 	project management	 	8	 	0.5	 	33,000	 	16,500	 	 	 	 	 	 	 	 
	34	 	 	 	blockchain expert	 	4	 	1	 	33,000	 	33,000	 	 	 	 	 	 	 	 
	35	 	Notification & Messaging	 	backend	 	4	 	1	 	33,000	 	33,000	 	 	 	 	 	 	 	 
	36	 	 	 	frontend	 	2	 	1	 	33,000	 	33,000	 	 	 	 	 	 	 	 
	37	 	 	 	project management	 	4	 	0.3	 	33,000	 	9,900	 	 	 	 	 	 	 	 
	38	 	Clearing	 	backend	 	4	 	1	 	33,000	 	33,000	 	 	 	*	 	 	 	 
	39	 	 	 	frontend	 	4	 	1	 	33,000	 	33,000	 	 	 	 	 	 	 	 
	40	 	 	 	project management	 	4	 	0.3	 	33,000	 	9,900	 	 	 	 	 	 	 	 
	41	 	Risk management	 	backend	 	8	 	0.5	 	33,000	 	16,500	 	 	 	 	 	 	 	 
	42	 	 	 	frontend	 	8	 	0.5	 	33,000	 	16,500	 	 	 	 	 	 	 	 
	43	 	 	 	project management	 	8	 	0.3	 	33,000	 	9,900	 	 	 	 	 	 	 	 
	44	 	Fees	 	backend	 	2	 	1	 	33,000	 	33,000	 	 	 	*	 	 	 	 
	45	 	 	 	frontend	 	2	 	1	 	33,000	 	33,000	 	 	 	 	 	 	 	 
	46	 	 	 	project management	 	2	 	0.5	 	33,000	 	16,500	 	 	 	 	 	 	 	 
	47	 	 	 	blockchain expert	 	2	 	0.5	 	33,000	 	16,500	 	 	 	 	 	 	 	 
	48	 	API	 	backend	 	2	 	2	 	33,000	 	66,000	 	 	 	*	 	 	 	 
	49	 	 	 	frontend	 	2	 	1	 	33,000	 	33,000	 	 	 	 	 	 	 	 
	50	 	 	 	project management	 	2	 	0.75	 	33,000	 	24,750	 	 	 	 	 	 	 	 
	51	 	Admire	 	backend	 	4	 	1	 	33,000	 	33,000	 	 	 	*	 	 	 	 
	52	 	 	 	frontend	 	4	 	1	 	33,000	 	33,000	 	3	 	3	 	9	 	297000
	53	 	 	 	project management	 	4	 	0.5	 	33,000	 	16,500	 	 	 	 	 	 	 	 
	54	 	Tracking & analysis	 	backend	 	1	 	1	 	33,000	 	33,000	 	 	 	 	 	 	 	 
	55	 	 	 	frontend	 	2	 	1	 	33,000	 	33,000	 	 	 	 	 	 	 	 
	56	 	 	 	project management	 	2	 	0.5	 	33,000	 	16,500	 	 	 	 	 	 	 	 
	57	 	 	 	blockchain expert	 	1	 	1	 	33,000	 	33,000	 	 	 	 	 	 	 	 
	58	 	Configuration	 	backend	 	2	 	1	 	33,000	 	33,000	 	 	 	 	 	 	 	 
	59	 	 	 	frontend	 	2	 	1	 	33,000	 	33,000	 	 	 	 	 	 	 	 
	60	 	 	 	project management	 	2	 	0.5	 	33,000	 	16,500	 	 	 	 	 	 	 	 
	61	 	 	 	blockchain expert	 	2	 	0.5	 	33,000	 	16,500	 	 	 	 	 	 	 	 
	62	 	Mobile App	 	backend	 	4	 	1	 	33,000	 	33,000	 	 	 	 	 	 	 	 
	63	 	 	 	frontend	 	12	 	2	 	33,000	 	66,000	 	 	 	 	 	 	 	 
	64	 	 	 	project management	 	12	 	0.5	 	33,000	 	16,500	 	 	 	 	 	 	 	 
	Total	 	 	 	 	 	275	 	 	 	Total	 	1,935,450	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	69	 	 	 	 	 	537,625	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	Discount	 	37,625	 	 	 	 	 	 	 	 
	 	 	 	 	 	Total after Discount	 	500,000	 	1,800,000	 	 	 	 	 	 

 

	MS	 	Definitions	 	Costs	 	Due	 	Notes	 	 	 	 
	1	 	Complete the trading engine	 	580,635	 	Jun-18	 	250000	 	83333.33333	 	27777.77778
	2	 	Complete SPOT ready exchange	 	774,180	 	Sep-18	 	*given UI design is ready by april 2018	 	 	 	 
	3	 	Complete Shorts ready exchange	 	580,635	 	Dec-18	 	 	 	 	 	 
	 	 	 	 	1,935,450	 	 	 	 	 	 	 	 
	 	 	 	 	30%	 	 	 	 	 	 	 	 
	*	 	Important - 7 years..2 the most important - limited liability	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 
	Payments Schedule	 	March 2018*	 	277,000	 	 	 	 	 	 	 	 
	 	 	May-18	 	400,000	 	 	 	 	 	 	 	 
	 	 	Jul-18	 	280,750	 	 	 	 	 	 	 	 
	 	 	Sep-18	 	280,750	 	 	 	 	 	 	 	 
	 	 	Nov-18	 	280,750	 	 	 	 	 	 	 	 
	 	 	Dec-18	 	280,750	 	 	 	 	 	 	 	 
	 	 	Total	 	1.800,000	 	 	 	 	 	 	 	 

 

* According to agreed terms

 

    9

     

    

 

Schedule B

Service Level Agreement
(SLA)

 

Fixing a problem that does not allow to use the Software entirely
(“Material Non Performing Problem”) - immediately.

 

Fixing a major problem which is not a Material Non Performing
Problem (“Major Problem”) - within 24 hours.

 

Fixing a routine problem that is not a Material Non Performing Problem
or a Major Problem - 48 hours.

 

Routinely telephone and electronic support shall be provided
between 09:00 - 17:00 every business day. Telephone and electronic support in connection with Major Problems shall be provided
24/7.

 

 

10

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00299-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00299-of-00352.parquet"}]]