Document:

Consulting Agreement

    
      

    

     

    CONSULTING
      AGREEMENT

    

    This
      Consulting Agreement (“Agreement”) is entered into this 22nd day of June, 2006,
      by and between CarMax, Inc., a Virginia corporation (“CarMax”), and Austin Ligon
      (“Ligon”), an individual residing in the Commonwealth of Virginia.

    

    RECITAL

    

    CarMax
      desires to retain Ligon to render certain consulting services to CarMax on
      the
      terms and conditions set forth in this Agreement, and Ligon desires to be
      retained by CarMax on such terms and conditions.

    

    AGREEMENT

    

    1. Engagement
      and Duties.
      During
      the Term (defined below), Ligon shall provide to CarMax the following consulting
      services, in each case at the request of the Board of Directors (“Board”) or the
      Chief Executive Officer of CarMax: (i) assist in the transition to a new Chief
      Executive Officer, (ii) assist CarMax’s Chief Executive Officer in developing
      relationships with key constituencies, including employees, investors and
      strategic partners, (iii) assist in the development of business opportunities
      for CarMax, (iv) assist in the refinement and execution of CarMax’s business
      strategy, and (v) be available for consultation on other matters within Ligon’s
      knowledge and experience relating to the business of CarMax. Ligon shall not
      be
      required to perform services in excess of 20 hours per month under this
      Agreement.

    

    2. Manner
      of Performance.
      Ligon
      shall perform all services and duties that reasonably may be required of him
      pursuant to the terms hereof to the reasonable satisfaction of CarMax acting
      in
      its sole discretion. Ligon shall not take any action that would be adverse
      to
      CarMax’s business interests or that may subject Ligon, CarMax or any of its
      affiliates to civil or criminal liability. Ligon agrees to comply in full with
      all applicable laws, ethical standards, rules and regulations in the course
      of
      performing his obligations hereunder. Ligon agrees that he will comply with
      CarMax’s Code of Conduct and represents that, on the date of this Agreement, he
      does not have any interest in any entity that would conflict in any manner
      with
      the performance of services under this Agreement. Subject to the restrictive
      covenants contained in Ligon’s Employment Agreement dated August 1, 2004 (the
“Employment Agreement”), including the non-disclosure, non-solicitation and
      non-compete covenants, Ligon may engage in activities on his own behalf or
      on
      behalf of entities other than CarMax and its affiliates, and may allocate his
      time between his obligations under this Agreement and such other activities
      in
      any manner Ligon deems appropriate, so long as Ligon’s obligations under this
      Agreement are satisfied.

    

    3. Term.
      This
      term of this Agreement shall commence on August 22, 2006 (the “Effective Date”)
      and shall end on August 21, 2008, unless earlier terminated as provided in
      Section 9 of this Agreement (the “Term”).

    

    4. Compensation.
      As
      compensation for Ligon’s performance of his services under this Agreement,
      CarMax shall pay Ligon $10,000 per month (the “Monthly Fee”) during the Term,
      payable in arrears on the last day of the month, provided, however, that
      payments for the first
      six
      months shall be accumulated and paid no earlier than the first day of the
      seventh month following the Effective Date. CarMax shall pay a prorated portion
      of the Monthly Fee upon termination of this Agreement if such termination occurs
      other than at the end of a month. CarMax shall deliver each payment to Ligon
      within seven calendar days after the end of each month.

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    

    5. Benefits.
      

    

    (a) Health
      Benefits.

     

    (i) Ligon
      has
      indicated that he plans to elect to continue his group health benefits (medical
      and dental) in accordance with the Consolidated Omnibus Budget Reconciliation
      Act of 1986, as amended (such law referred to herein as “COBRA”, and the
      continuation of coverage under COBRA referred to herein as “COBRA Coverage”).
      Assuming that Ligon so elects and subject to Ligon’s timely completion of
      election forms, COBRA Coverage will begin on the first day of the month
      immediately following the month in which Ligon’s employment with CarMax ends
      and, subject to any change in COBRA or other applicable law and the provisions
      of this Agreement, shall remain in effect for a period of up to 18 months
      (“COBRA Coverage Period”). The parties acknowledge that the COBRA Coverage
      Period and the Term may commence on different dates and that the COBRA Coverage
      Period will end prior to the expiration of the Term. If Ligon does not elect
      to
      continue his group health benefits under COBRA, then CarMax shall have no
      obligation to Ligon with respect to health benefits by virtue of this Agreement.
      

    

    (ii) In
      connection with the COBRA Coverage and for the duration of the COBRA Coverage
      Period, Ligon shall be responsible for an amount equal to what Ligon would
      have
      otherwise paid if he had remained an active employee of CarMax (“Ligon
      Premium”), and CarMax shall be responsible for the remaining costs, including
      the COBRA administration fee, relative to Ligon’s COBRA Coverage (“CarMax
      Premium”). Ligon, however, shall be responsible for remitting full payment in an
      amount that represents the sum of the Ligon Premium and the CarMax Premium
      to
      the COBRA administrator in accordance with COBRA requirements. The parties
      shall
      mutually determine the process by which Ligon receives reimbursement from CarMax
      for the CarMax Premium remitted by Ligon. CarMax shall advise Ligon of the
      Ligon
      Premium amount and the CarMax Premium amount, and shall also advise Ligon of
      any
      changes in these amounts during the COBRA Coverage Period as soon as such
      amounts are determined. Ligon acknowledges that the Ligon Premium is subject
      to
      increase during the COBRA Coverage Period. 

    

    (iii) Ligon
      agrees to complete all COBRA election forms in accordance with COBRA
      requirements. Ligon further agrees that his failure to complete such election
      forms or his failure to remit the Ligon Premium and the CarMax Premium to the
      COBRA administrator in accordance with COBRA requirements will result in
      cancellation of the COBRA Coverage and agrees that, once cancelled, CarMax
      shall
      have no further obligation hereunder with respect to Ligon’s health benefits.

    
 

    
      
        
        

      

      
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    (iv) If
      Ligon
      obtains coverage independently or obtains or becomes eligible for coverage
      under
      another/other group health plan(s) (including, but not limited to, those of
      a
      subsequent employer) that provide(s) for substantially equal or greater benefits
      to Ligon as the COBRA Coverage, Ligon shall notify CarMax immediately and the
      COBRA Coverage, and CarMax’s obligations with respect thereto, shall terminate
      on the last day of the month in which the new coverage commenced. If Ligon
      and/or his beneficiaries become entitled to COBRA for a period beyond the COBRA
      Coverage Period, Ligon and/or his beneficiaries, as applicable, shall be
      responsible for any premium, including any COBRA administration fee, relative
      to
      such COBRA coverage.

    

    (b) Pension
      and BRP Plans. Ligon’s benefits under the CarMax, Inc. Pension Plan and CarMax,
      Inc. Benefit Restoration Plan shall be paid in accordance with the terms
      prescribed by those plans. 

    

    6. Expenses.
      CarMax
      shall reimburse Ligon for all reasonable expenses incurred by him in connection
      with the performance of his services under this Agreement within 30 days
      following his delivery of an accounting of those expenses to CarMax in
      accordance with CarMax’s then-current travel and business expense
      policy.

    

    7. Independent
      Contractor Status.
      CarMax
      is retaining Ligon in the capacity of an independent contractor and not as
      an
      employee or agent of CarMax or any of its affiliates. Ligon shall not be
      authorized at any time to execute any transaction on behalf of CarMax or any
      of
      its affiliates. Nothing in this Agreement shall create, or shall be construed
      as
      creating, any form of partnership, joint venture, employer-employee
      relationship, or other affiliation that would permit Ligon to bind CarMax or
      any
      of its affiliates with respect to any matter or would cause CarMax or any of
      its
      affiliates to be liable for any action of Ligon. Neither CarMax nor Ligon will
      represent to any third party that Ligon’s engagement by CarMax hereunder is in
      any capacity other than as an independent contractor. Except as provided in
      Section 5 of this Agreement, CarMax shall not be obligated to maintain any
      insurance for Ligon, including, but not limited to, medical, dental, vision,
      life, disability, workers compensation or unemployment compensation
      insurance.

    

    8. Taxes.
      Ligon
      hereby acknowledges and agrees that, as an independent contractor, he shall
      bear
      sole responsibility for operating his business, including payments of all taxes
      and all other governmental payments required for anyone to operate a business,
      including without limitation, the payment of all federal, state and local income
      taxes, self-employment FICA (social security) taxes, and unemployment and
      workers compensation insurance payments. 

    

    9. Termination.
      Ligon’s
      services hereunder will terminate upon the occurrence of any of the following
      events:

    

    (a) Ligon
      dies;

    

    
      
        
        

      

      
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    (b) CarMax,
      by written notice to Ligon, terminates this Agreement due to Ligon’s Disability
      (as defined below);

    

    As
      used
      in this Agreement, the term “Disability” shall mean that, for a period of at
      least 60 days during any six consecutive month period on account of a mental
      or
      physical condition, Ligon is unable to perform the essential functions of his
      services under this Agreement. The determination of Ligon’s Disability shall be
      made (i) by a medical physician selected or agreed to by CarMax or (ii) by
      CarMax in its reasonable discretion. All costs relating to the determination
      of
      whether Ligon has incurred a Disability shall be paid by CarMax. Ligon shall
      submit to any examination that is reasonably required by an examining physician
      for purposes of determining whether a Disability exists.

    

    (c) CarMax
      terminates this Agreement for Cause (as defined below):

    

       As
      used
      in this Agreement, the term “Cause” shall mean:

    

    (i) Ligon’s
      conviction of (or plea of guilty or nolo contendere to) (A) any felony or (B)
      any misdemeanor involving fraud or dishonesty in connection with the performance
      of his services under this Agreement or moral turpitude or Ligon’s entry into a
      consent decree (or similar arrangement) with any governmental agency or office;
      or

    

    (ii) the
      willful failure of Ligon during the Term to substantially perform his services
      under this Agreement (other than any such failure resulting from illness or
      Disability); or

    

    (iii) Ligon
      has
      willfully engaged in misconduct which has, or can reasonably be expected to
      have, a material adverse effect on CarMax or its business.

    

    For
      purposes of this Section 9(c), the Board, in its reasonable discretion, shall
      determine whether any action or failure to act by Ligon is deemed willful;
      provided, however, that no act or failure to act on Ligon’s part shall be
      considered willful unless Ligon acted in bad faith or without a reasonable
      belief that Ligon’s act or omission was in the best interest of
      CarMax.

    

    (d) CarMax
      terminates this Agreement for any reason other than for Cause or Disability,
      which CarMax may do at any time;

    

    (e) Ligon
      voluntarily terminates his services due to a material default by CarMax in
      the
      performance of any of its obligations under this Agreement, which default
      remains unremedied by CarMax for a period of 15 days following its receipt
      of
      written notice thereof from Ligon (“Good Reason”); or

    

    (f) Ligon
      voluntarily terminates his services for any reason other than Good Reason,
      which
      Ligon may do at any time with at least 30 days’ advance notice.

    

    
      
        
        

      

      
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    10. Effects
      of Termination.

    

    (a) Upon
      termination of Ligon’s services hereunder for any reason, CarMax shall promptly
      pay Ligon that portion of the Monthly Fee earned by him under Section 4 of
      this
      Agreement during the then-current month and unpaid through the effective date
      of
      termination.

    

    (b) If
      Ligon’s services are terminated under Section 9(b), 9(d) or 9(e) of this
      Agreement, then CarMax shall perform all of its obligations with respect to
      Ligon's health
      benefits as described in Section 5(a) as and when they would have been performed
      had his services not been terminated; provided, however, CarMax shall not be
      required to so perform unless Ligon has performed all of his obligations
      described in Section 5(a). 

    

    (c) If
      Ligon’s services are terminated under Section 9(a), 9(c) or 9(f) of this
      Agreement, then CarMax shall have no further obligations with respect to Ligon’s
      health benefits as described in Section 5(a) effective as of the date of
      termination, including, but not limited to, obligations with respect to any
      CarMax Premium. If Ligon’s services are terminated under Section 9(c) or 9(f)
      and if CarMax has advanced funds to Ligon as reimbursement for CarMax Premium
      amounts due pursuant to Section 5(a), then Ligon shall return such advanced
      funds to CarMax within 10 days of the date of termination. 

     

    11. Non-Disclosure
      of Confidential Information.
      Ligon
      will not make any unauthorized use, publication or disclosure, during and after
      the Term, of any information generated or acquired by him during the performance
      of his services under this Agreement, including, but not limited to, information
      of a confidential or trade secret nature (“Confidential Information”).
      Confidential Information includes information not generally known by or
      available to the public about or belonging to CarMax or belonging to other
      persons to whom CarMax may have an obligation to maintain information in
      confidence. Authorization for disclosure of Confidential Information may be
      obtained only through CarMax’s General Counsel or designee. Ligon will not
      disclose to CarMax, or induce CarMax to use, any confidential or trade secret
      information or material belonging to others.

    

    12. Ownership
      of Intellectual Property Rights.

    

    Ligon
      hereby assigns, transfers, and conveys to CarMax all right, title and interest
      in any and all Intellectual Property (as defined herein) that he may create
      in
      direct response to a request made in writing by CarMax to create and that he
      agrees in writing to create, whether as a sole inventor or originator or as
      a
      joint inventor or originator with another or others, during the Term.
“Intellectual Property” is defined to mean information of a technical or a
      business nature, such as ideas, discoveries, inventions, improvements, trade
      secrets, know-how, machines, manufacturing processes, product designs, formulae,
      theses, books, computer programs, drawings, lectures, illustrations,
      photographs, writings and other works of authorship, customer lists, sales,
      profits, financial figures, marketing plans, business methods and the like,
      that
      are related to the business of CarMax or its affiliates. During and after the
      Term, at the request and expense of CarMax, Ligon shall execute, acknowledge,
      make and deliver to CarMax any and all documents which may be necessary or
      desirable to secure for the benefit of CarMax adequate patent and other property
      rights in the United States and all foreign countries with respect to any
      Intellectual Property owned by or assigned to CarMax under this Agreement.
      

    

    
      
        
        

      

      
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    13. Restrictive
      Covenants.
      Ligon
      acknowledges and agrees that he will comply with the non-competition,
      non-solicitation and non-disclosure covenants contained in Articles 8, 9 and
      10
      of his Employment Agreement during the Term, which Articles shall remain in
      full
      force and effect in accordance with their terms.

    

    14. Return
      of Property.
      Before
      the end of the Term, Ligon shall return all equipment and property in his
      possession that belongs to CarMax, including all files and programs stored
      electronically or otherwise that relate or refer to CarMax, and all original
      and
      copies of documents, notes, memoranda or any other written materials that relate
      or refer to CarMax, including material that constitutes Confidential
      Information, other than information or documents relating to Ligon’s CarMax
      compensation or benefit plans or programs in which he participates or
      participated.

    

    15. Dispute
      Resolution.
      Except
      for actions initiated by CarMax to enjoin a breach by, and/or recover damages
      from, Ligon related to any violation of Section 11 of this Agreement or of
      any
      of the restricted covenants referenced in Section 13 of this Agreement, which
      CarMax may bring in an appropriate court of law or equity, the parties agree
      that any dispute, claim or controversy arising out of or relating to this
      Agreement, or the breach, termination or invalidity thereof, shall be resolved
      by arbitration administered by the American Arbitration Association and
      conducted in accordance with its Commercial Arbitration Rules then in effect,
      and judgment on the award rendered by the arbitrator may be entered in any
      court
      having jurisdiction thereof, subject to the following:

    

    (a) The
      place
      of arbitration shall be Richmond, Virginia. The law to be applied shall be
      the
      law of the Commonwealth of Virginia, without regard to its conflict of laws
      rules, or federal law, as applicable. 

    

    (b) The
      arbitrator shall render a reasoned written opinion together with a decision
      and
      may, to the extent deemed proper and consistent with applicable law, award
      costs
      to the prevailing party. The arbitrator may not, however, make an award relative
      to damages specifically excluded by this Agreement.

    

    (c) Except
      as
      provided in paragraph (b) above, each party shall be responsible for its own
      arbitration costs and expenses. Each party shall pay one-half of the fees and
      expenses of the arbitrator.

    

    16. Severability.
      If any
      provision of this Agreement is held by a court of competent jurisdiction to
      be
      invalid, void or unenforceable, the remaining provisions shall nevertheless
      continue in full force and effect.

    

    17. Ambiguities
      in this Agreement.
      The
      parties acknowledge that this Agreement has been drafted, prepared, negotiated
      and agreed to jointly, and to the extent that any ambiguity should appear,
      now
      or at any time in the future, latent or apparent, such ambiguity shall not
      be
      resolved or construed against either party.

    

    
      
        
        

      

      
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    18. Notices.
      All
      notices and other communications hereunder shall be in writing. Any notice
      or
      other communication hereunder shall be deemed duly given if it is sent by
      registered or certified mail, return receipt requested, postage prepaid, and
      addressed to the intended recipient as set forth:

    

    If
      to
      Ligon, to his current residence address maintained in CarMax’s
      records.

    

    If
      to
      CarMax, to:

     

    
      CarMax,
        Inc.

      12800
        Tuckahoe Creek Parkway

      Richmond,
        Virginia 23238-1115

      Attention:
        General Counsel

       

    

    Any
      party
      may send any notice or other communication hereunder to the intended recipient
      at the address set forth using any other means (including personal delivery,
      expedited courier, messenger services, telecopy, ordinary mail or electronic
      mail), but no such notice or other communication shall be deemed to have been
      duly given unless and until it is actually received by the intended recipient.
      Any party may change the address to which notices and other communications
      hereunder are to be delivered by giving the other party notice in the manner
      set
      forth herein.

    

    19. Counterpart
      Agreements.
      This
      Agreement may be executed in multiple counterparts, whether or not all
      signatories appear on these counterparts, and each counterpart shall be deemed
      an original for all purposes.

    

    20. Choice
      of Law.
      This
      Agreement shall be deemed performable by all parties in the Commonwealth of
      Virginia, and the construction and enforcement of this Agreement shall be
      governed by Virginia law without regard to its conflict of laws
      rules.

    

    21. Entire
      Agreement.
      This
      Agreement sets forth the entire agreement between the parties, and, except
      as
      otherwise provided herein, fully supersedes any and all prior agreements,
      understandings, or representations between the parties pertaining to the subject
      matter of this Agreement, except that the parties agree that those provisions
      of
      Ligon’s Employment Agreement that contemplate performance subsequent to the
      cessation of Ligon’s employment thereunder, including but not limited to
      Articles 8, 9 and 10 of the Employment Agreement, shall continue in full force
      and effect. 

    
      
         

        

        
        

      

      
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    22. Binding
      Effect of Agreement.
      This
      Agreement shall be binding upon Ligon, CarMax and their heirs, administrators,
      representatives, executors, successors and permitted assigns.

    

    

    The
      parties have duly executed this Agreement as of the date first written
      above.

    

    

    

    CARMAX,
      INC.

    

    

    

    /s/
      Thomas J. Folliard    

    Thomas
      J.
      Folliard

    President
      and Chief Executive Officer

    

    

    

    /s/
      Austin Ligon    

    AUSTIN
      LIGON

    

    820-F

Exhibit 4.1  

INDEMNIFICATION
AGREEMENT 

This INDEMNIFICATION AGREEMENT (the
“Agreement”) is made as of _____________, by and between B.O.S. Better
Online Solutions Ltd., a company organized under the laws of the State of Israel with
offices at Teradyon, Industrial Zone Misgav (the “Company”), and
_____________ (“Indemnitee”). 

WHEREAS, the Company desires
to attract and retain Indemnitee to serve as an Office Holder in the Company and to
provide Indemnitee with protection against liability and expenses incurred while acting in
that capacity; 

WHEREAS, the Company
understands that Indemnitee has reservations about serving the Company without adequate
protection against personal liability arising from such service, and that it is also of
critical importance to Indemnitee that adequate provision be made for advancing costs and
expenses of legal defense; and 

WHEREAS, the Board of
Directors and the shareholders of the Company have approved this Agreement as being in the
best interests of the Company. 

NOW, THEREFORE, in order to
induce Indemnitee to serve or to continue to serve as an Office Holder of the Company the
parties agree as follows: 

	1.  	Contractual
Indemnity.  

	 	
The
Company hereby agrees, subject to the limitations of Sections 2, 3, and 6 hereof, and the
limitations mentioned in the Company’s Articles of Association, to indemnify
Indemnitee, to the greatest extent possible under applicable law, against any liability
or expense in respect of any act or omission of Indemnitee in his capacity as an Office
Holder of the Company or of a company controlled, directly or indirectly, by the Company
(a “Subsidiary”), or as a director or observer at Board meetings of a company
not controlled by the Company but in which the appointment as a director or observer
results from the Company’s holdings in such company or is made at the Company’s
request (“Affiliate”), including: (i) a monetary obligation imposed on
Indemnitee in favor of another person by a court judgment, including a judgment given in
settlement or an arbitrator’s award approved by court; (ii) reasonable litigation
expenses, including advocates’ professional fees, incurred by the Office Holder
pursuant to an investigation or a proceeding commenced against him by a competent
authority and that was terminated without an indictment and without having a monetary
charge imposed on him in exchange for a criminal procedure (as such terms are defined in
the Companies Law), or that was terminated without an indictment but with a monetary
charge imposed on him in exchange for a criminal procedure in a crime that does not
require proof of criminal intent; (iii) reasonable litigation expenses, including
attorneys’ fees, expended by Indemnitee or charged to Indemnitee by a court, in a
proceeding instituted against Indemnitee by the Company or on its behalf or by another
person, or in a criminal charge from which Indemnitee was acquitted, or in a criminal
proceeding in which Indemnitee was convicted of an offense that does not require proof of
criminal intent (collectively referred to hereinafter as “Claim”).  

	 	
The
Company shall indemnify the Indemnitee with respect to actions or ommissions occurring
during his position as an Office Holder, even if (i) occurred prior to the signing of
this document or (ii) at the time of Claim Indemnitee is no longer an Office Holder.  

	 	
The
termination of any action or proceeding by judgment, order, settlement, conviction, or
upon a plea of nolo contendere or its equivalent, shall not, of itself, create a
presumption that (i) Indemnitee did not act in good faith and in a manner which
Indemnitee reasonably believed to be in the best interests of the Company, or (ii) with
respect to any criminal action or proceeding, Indemnitee had reasonable cause to believe
that Indemnitee’s conduct was unlawful.  

	2.  	Limitations
on Contractual Indemnity. 

	 	2.1 	Indemnitee
shall not be entitled to indemnification under Section 1, for financial obligation
imposed consequent to any of the following: (i) a breach of the duty of fidelity by
Indemnitee, unless the Indemnitee acted in good faith and had reasonable basis to assume
that the act would not harm the Company; or (ii) a violation of the Indemnitee’s
duty of care towards the Company, which was committed intentionally or recklessly (but
not where the breach was negligent only); or (iii) an act committed with the intention to
realize a personal unlawful profit; or (iv) a fine or monetary penalty imposed on
Indemnitee; or (v) a counterclaim made by the Company or in its name in connection with a
claim against the Company filed by Indemnitee. 

	 	2.2 	The
Company undertakes to indemnify all Office Holders it has resolved to indemnify for the
matters and in the circumstances described herein, jointly and in the aggregate, in
excess of the insurance proceeds received pursuant to Section 9, a total amount over the
years, that shall not exceed an amount equal to US$2,500,000 (two million five hundred
thousand US dollars), or such greater sum as shall, from time to time, be approved by the
shareholders of the Company. 

	3.  	Limitation
of Categories of Claims. The indemnification pursuant to
                    sub-section (i) of the first paragraph of Section 1 above, shall only
relate to                     liabilities arising in connection with acts or omissions of
Indemnitee in                     respect of the following events and circumstances which
are deemed by the Board                     of Directors of the Company to be foreseeable
at the date hereof: 

	 	3.1 	The
offering of securities by the Company, a Subsidiary, or an Affiliate and/or by a
shareholder thereof to the public and/or to private investors or the offer by the
Company, a Subsidiary, and/or an Affiliate to purchase securities from the public and/or
from private investors or other holders pursuant to a prospectus, agreements, notices,
reports, tenders and/or other proceedings; 

	 	3.2 	Occurrences
including reporting obligations resulting from the status of the Company and/or a
Subsidiary and/or an Affiliate as a public company, and/or from the fact that the
securities thereof were offered to the public and/or are traded on a stock exchange,
whether in Israel or abroad; 

	 	3.3 	Occurrences
in connection with investments the Company and/or Subsidiaries and/or Affiliates make in
other corporations whether before and/or after the investment is made, entering into the
transaction, the execution, development and monitoring thereof, including actions taken
by an Office Holder in the name of the Company and/or a Subsidiary and/or an Affiliate as
a director, officer, employee and/or board observer of the corporation the subject of the
transaction and the like; 

	 	         3.4 	The
sale,  purchase and holding of negotiable  securities or other  investments for or in the
name of                   the Company, a Subsidiary and/or an Affiliate;

	 	         3.5 	Actions
in connection with the merger of the Company,  a Subsidiary  and/or an Affiliate with or
into                   another entity;

	 	         3.6 	Actions
in connection  with the sale of the  operations  and/or  business,  or part  thereof,  of
the                   Company, a Subsidiary and/or an Affiliate;

	 	3.7 	Without
derogating from the generality of the above, actions in connection with the purchase or
sale of companies, legal entities or assets, and the division or consolidation thereof; 

	 	3.8 	Actions
taken in connection with labor relations and/or employment matters in the Company,
Subsidiaries and/or Affiliates and trade relations of the Company, Subsidiaries and/or
Affiliates, including with employees, independent contractors, customers, suppliers and
various service providers; 

	 	3.9 	Actions
in connection with the developing, testing and manufacturing of products by the Company,
Subsidiaries and/or Affiliates or in connection with the distribution, sale, license or
use of such products; 

	 	3.10 	Actions
taken in connection with the intellectual property of the Company, Subsidiaries and/or
Affiliates, and its protection, including the registration or assertion of rights to
intellectual property and the defense of claims related to intellectual property; 

	 	3.11 	Actions
taken pursuant to or in accordance with the policies and procedures of the Company,
Subsidiaries and/or Affiliates, that have been decided upon, whether such policies and
procedures are published or not. 

	4.  	Expenses;
Indemnification Procedure. The Company shall advance Indemnitee                all
expenses incurred by Indemnitee in connection with a Claim on the date on
               which such amounts are first payable, but has no duty to advance payments
in                less than twenty (20) days following delivery of a written request
therefor                by Indemnitee to the Company. Advances given to cover legal
expenses in criminal                proceedings will be repaid by Indemnitee to the
Company if Indemnitee is found                guilty of a crime that requires criminal
intent. Other advances will be repaid                by Indemnitee to the Company if it
is determined by the Company’s legal                counsel that Indemnitee is not
lawfully entitled to such indemnification. 

	5.  	Notification
and Defense of Claim. If any action, suit, proceeding or                other Claim
is brought against Indemnitee in respect of which indemnity may be                sought
under this Agreement: 

	 	5.1 	Indemnitee
will promptly notify the Company in writing of the commencement thereof, and the Company
will be entitled to participate therein at its own expense or to assume the defense
thereof and to employ counsel reasonably satisfactory to Indemnitee. Indemnitee shall
have the right to employ his own counsel in connection with any such Claim and to
participate in the defense thereof, but the fees and expenses of such counsel shall be at
the expense of Indemnitee unless (i) the Company shall not have assumed the defense
of the Claim and employed counsel for such defense, or (ii) the named parties to any
such action include both Indemnitee and the Company, and Indemnitee shall have reasonably
concluded that joint representation is inappropriate under applicable standards of
professional conduct due to a material conflict of interest between Indemnitee and the
Company. 

	 	5.2 	The
Company shall not be liable to indemnify Indemnitee for any amounts paid in settlement of
any Claim effected without the Company’s written consent, and the Company shall not
settle any Claim in a manner which would impose any penalty or limitation on Indemnitee
without Indemnitee’s written consent; provided, however, that neither the Company
nor Indemnitee will unreasonably withhold its consent to any proposed settlement and,
provided further, that if a Claim is settled by the Indemnitee with the Company’s
written consent, or if there be a final judgment or decree for the plaintiff in
connection with the Claim by a court of competent jurisdiction, the Company shall
indemnify and hold harmless Indemnitee from and against any and all losses, costs,
expenses and liabilities incurred by reason of such settlement or judgment. 

	 	5.3 	Indemnitee
shall give the Company such information and cooperation as it may reasonably require and
as shall be within Indemnitee’s power. 

	6.  	Partial
Indemnification. If Indemnitee is entitled to indemnification by                the
Company for some or a portion of the expenses, judgments, fines or penalties
               incurred by him in the investigation, defense, appeal or settlement of any
civil                or criminal action or proceeding, but not, however, for the total
amount                thereof, the Company shall nevertheless indemnify Indemnitee for
the portion of                such expenses, judgments, fines or penalties to which
Indemnitee is entitled. 

	7.  	Other
Indemnification. The Company will not indemnify Indemnitee for any
               liability with respect to which Indemnitee has received payment by virtue
of an                insurance policy or other indemnification agreement, other than for
amounts                which are in excess of the amount actually paid to Indemnitee
pursuant to such                agreements. 

	8.  	Collection
from a Third Party. The Company will be entitled to any amount
               collected from a third party in connection with liabilities indemnified
               hereunder.

	9.  	Insurance.
The Company shall maintain an insurance with a reputable                insurer (the
“Insurer”) to insure the liability of the                Indemnitee for
an obligation imposed on him in consequence of an act done in his                capacity
as an Office Holder of the Company, in any of the following cases: 

	 	         9.1 	a
breach of the duty of care vis-a-vis the Company or vis-a-vis another person.

	 	9.2 	a
breach of the duty of fidelity vis-à-vis the company, provided that the director
acted in good faith and had reasonable basis to assume that the act would not harm the
Company. 

	 	         9.3 	a
monetary obligation imposed on him in favor of another person.

	 	
The
abovementioned insurance for all of the Office Holders of the Company shall be in the
total amount of not less than US$5,000,000 (five million US Dollars) (the “Insurance
Policy”). The Company undertakes to maintain such insurance during the period the
Indemnitee serves as a director of the Company and for a period of 7 (seven) years
commencing on the day Indemnitee has ceased from serving as a director of the Company.  

	 	
The
Company shall give prompt written notice of any Claim to the Insurer in accordance with
the procedures set forth in the Insurance Policy. The Company shall thereafter take all
necessary or desirable action to cause the Insurer to pay, on behalf of the Indemnitee,
all amounts payable as a result of such proceeding in accordance with the terms of the
Insurance Policy.  

	10.  	No
Restrictions. For the avoidance of doubt, it is hereby clarified that
               nothing contained in this Letter of Indemnification or in the above
resolutions                derogate from the Company’s right to indemnify the
Indemnitee post factum                for any amounts which the Indemnitee may be
obligated to pay as set forth in                Section 1 above without the limitations
set forth in Sections 2 and 3 above.

	11.  	Severability.
Each of the provisions of this Agreement is a separate and                distinct
agreement and independent of the others, so that if any provision                hereof
shall be held to be invalid or unenforceable for any reason, such
               invalidity or unenforceability shall not affect the validity or
enforceability                of the other provisions hereof. In any event, the
undertakings of the Company                and the categories of claims in Section 3,
shall be construed as widely as                permitted by law. 

	12.  	Attorneys’ Fees.
In the event of any litigation or other action or                proceeding to enforce or
interpret this Agreement, the prevailing party as                determined by the court
shall be entitled to an award of its reasonable                attorneys’ fees and
other costs, in addition to such relief as may be                awarded by a court or
other tribunal. 

	13.  	Notice. All
notices, requests, demands and other communications under                this Agreement
shall be in writing and shall be deemed duly given (i) if                delivered
by hand or by fax or other means of electronic communication and                receipted
for by the party addressee, on the date of such receipt, or                (ii) if
mailed by certified or registered mail with postage prepaid, on the                third
business day after the date postmarked. 

	14.  	Governing
Law; Binding Effect; Amendment. This Agreement shall be                governed by
and construed under the laws of the State of Israel. The parties                agree to
submit themselves to the exclusive jurisdiction of the courts in                Tel-Aviv
or Jerusalem. This Agreement shall be binding upon Indemnitee and the
               Company, their successors and assigns, and shall inure to the benefit of
               Indemnitee, his heirs, personal representatives and assigns and to the
benefit                of the Company, its successors and assigns. No amendment,
modification,                termination or cancellation of this Agreement shall be
effective unless in                writing signed by both parties hereto. 

        IN
WITNESS WHEREOF, the parties hereto have executed this Agreement as of the day and year
first above written. 

		
		
		
		
		
	B.O.S. Better Online Solutions Ltd. 	Indemnitee 
	 
	By:___________________
	 
	Name: Adiv Baruch	Name:_________________
	 
	Title: CEO and President	Address:_______________

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