Document:

Exhibit
10.1

 

PERSONAL
EMPLOYMENT AGREEMENT

 

THIS
AGREEMENT is entered into as of the 30 of January 2017, by and between Win Global Markets Inc. (Israel) Ltd. of 6 Koifman St.,
Tel Aviv 68012, Israel (the "Company"), and Mr. Zviel Gedalihou, Israeli I.D. number 043197623, of 2 Menachem
Begin St., Ramat Hasharon Israel (the "Employee"). Each of the Company and the Employee may be referred to herein
as a "Party" and collectively as the "Parties".

 

WHEREAS,
The Company wishes to employ the Employee and the Employee wishes to be employed by the Company, under to the terms and conditions
hereinafter set forth;

 

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

 

	1.
    	Employment

 

	 	1.1	The
    Company agrees to employ the Employee and the Employee agrees to be employed by the Company on the terms and conditions set
    out in this Agreement. The Employee shall serve in the position described in Exhibit A attached hereto. The
    Employee's duties shall include, but shall not be limited to, the actions, responsibilities and authorities set forth in Exhibit
    A attached hereto.
	 	 	 
	 	1.2	The
    Employee shall perform the duties, undertake the responsibilities and exercise the authority customarily performed, undertaken
    and exercised by persons acting in the same position as the Employee. The Employee shall comply with the Company's policies,
    procedures and directives, as may be updated from time to time. The Employee shall be subordinated and shall report to its
    direct superior which shall be designated by the Company.
	 	 	 
	 	1.3	Excluding
    periods of vacation, sick leave and military reserve service to which the Employee is entitled or required, the Employee agrees
    to devote his/her full working time and attention to the business and affairs of the Company and its subsidiaries. During
    the term of this Agreement, the Employee shall not engage, whether as an employee or otherwise, in any business, commercial
    or professional activities, whether or not for compensation, including during after work hours, on weekends, or during vacation
    time, without the prior written consent of the Company.
	 	 	 
	 	1.4	This
    Agreement is a personal agreement governing the employment relationship between the Parties hereto. This Agreement and the
    employment relationships hereunder shall not be subject to any general or special collective employment agreement relating
    to employees in any trade or position that is the same or similar to the Employee's position, unless specifically provided
    herein.

 

	2.	Representations
    and Warranties of the Employee 

 

The
Employee represents and undertakes all of the following:

 

	 	2.1	There
    are no other undertakings or agreements preventing him/her from committing himself/herself in accordance with this Agreement
    and performing his/her obligations under it.
	 	 	 
	 	2.2	To
    the best of the Employee's knowledge, the Employee is not currently, nor will he/she by entering into this Agreement be deemed
    to be, violating any rights of his/her former employer and/or in breach of any of his/her obligations towards his/her former
    employer.
	 	 	 
	 	2.3	The
    Employee shall inform the Company, immediately upon becoming aware of, on every matter in which he/she or his/her immediate
    family has a personal interest and which might create a conflict of interests with his/her duties under the employment hereunder.

 

     

     

    

 

	 	2.4	In
    carrying out the duties under this Agreement, the Employee shall not make any representations or give any guarantees on behalf
    of the Company, except as expressly and in advance authorized to do so.

 

	 	2.5	The
    Employee shall not receive any payment and/or benefit from any third party, directly or indirectly in connection with his/her
    employment. In the event the Employee breaches this undertaking, without derogating from any of the Company's right by law
    or contract, such benefit or payment shall become the sole property of the Company and the Company may set-off the value thereof
    from any sums due to the Employee.
	 	 	 
	 	2.6	The
    Employee undertakes to use the Company's equipment and facilities only for the purpose of his/her employment. The Employee
    acknowledges and agrees that the Company is entitled to conduct inspections within the Company's offices and on the Company's
    computers, including inspections of electronic mail transmissions, Internet usage and inspections of their content, for the
    Company's relevant needs. For the avoidance of any doubt, it is hereby clarified that all examination's finding shall be the
    Company's sole property. It is further agreed that the Employee's e-mail box shall be "professional box" designated
    for use solely for his/her work and not for personal purposes. The Employee acknowledges that the Company may inspect such
    e-mail box and agrees that such inspection shall not be deemed a violation of the Employee's privacy and/or other rights.

 

	3. 	Salary

 

	 	3.1	In
    consideration for the employment of the Employee with the Company, the Company shall pay the Employee a gross monthly salary
    as set forth in Exhibit A (the "Salary"). It is agreed that the Salary is comprised of a base
    compensation and of a global monthly payment payable for overtime working hours (the "Overtime Global Compensation"),
    as set forth in Exhibit A'. The Salary
    shall serve as the basis for deductions and contributions of social benefits to which Employee shall be entitled. The Salary
    shall be payable monthly in arrears, no later than the 9th day of each month. The Company shall deduct from the Salary all
    the deductions as required under the law. The Company shall be entitled to deduct from any and/or all payments to which the
    Employee shall be entitled from the Company, any and/or all amounts to which the Company shall be entitled from the Employee.
	 	 	 
	 	3.2	The
    Parties confirm that the Employee's position may require overtime work and work at irregular hours. It is agreed that the
    Overtime Global Compensation shall be payable to the Employee on account of up to the number of overtime working hours as
    specified in Exhibit A (the "Overtime Quota"), and this regardless of the number of overtime hours
    actually worked. It is hereby agreed that the Overtime Global Compensation is the full and complete compensation to which
    the Employee is entitled and/or will be entitled for overtime work and/or work at irregular hours up to the Overtime Quota.
    The Employee shall not be permitted to work overtime beyond the Overtime Quota unless the direct superior of the Employee
    shall approve it in advance.
	 	 	 
	 	 	The
    Employee undertakes to use the attendance card to be provided to the Employee by the Company each time that the Employee enters
    into and leaves the premises of the Company. The Company shall send the Employee, at the end of each calendar month, an automatic
    hours report referring to the number of hours in which the Employee was present at work during such month. The Employee shall
    be deemed to approve such reports unless he/she shall notify its superior, within 2-days from the date in which each hours
    report was sent to the Employee, of his/her disagreement to the number of hours specified in such hours report.

 

    	 	2	 

     

    

 

	4. 	Employees
    Benefits

 

During
the term of this Agreement, the Employee shall be entitled to the following benefits:

 

	 	4.1	Vacation.
    The Employee shall be entitled to the number of vacation days per year as set forth in Exhibit A (the "Annual
    Vacation Quota"), to be taken at times subject to the approval of the Company. The Employee may not accrue vacation
    days in a number exceeding the number of vacation days included in the Annual Vacation Quota.

 

	 	4.2	Sick
    Leave; Convalescence Pay. The Employee shall be entitled to paid sick leave, pursuant to the Sick Pay Law 5736 —
    1976, in a number per year as set forth in Exhibit A (with unused sick leave days to be accumulated up
    to the limit set pursuant to applicable law). The Employee shall be entitled to Convalescence Pay ("Dmei Havra'a")
    pursuant to applicable law.
	 	 	 
	 	4.3	Social
    Benefits.

 

	 	a.	Manager's
    Insurance. Commencing as of the "Commencement Date" of the "Managers Insurance" set forth in Exhibit
    A. the Company shall insure the Employee under an accepted "Manager's Insurance Scheme" (the "Managers
    Insurance Scheme"), as follows:

 

	 	(i)	The
    Company shall pay towards compensatory payments for the Employee's benefit, an amount equal to 5% of the Salary. The Company
    shall deduct from the Salary an amount equal to 5% of the Salary, and pay such amount, on behalf of the Employee, towards
    compensatory payments for the Employee's benefit (and by signing this Agreement, the Employee gives his/her consent for such
    deduction);
	 	 	 
			

	 	(ii)	the
    Company shall pay an amount equal to 8 1/3% of the Salary, for severance compensation; and

 

	 	(iii)	The
    Company shall pay towards disability insurance an amount equal to the lesser of the following alternatives: (1) 2.5% of the
    Salary, or (2) the sum which shall provide for a disability allowance equal to seventy five percent (75%) of the Salary.

 

	 	b.    	Continuing
Education Fund. Commencing as of the "Commencement Date" of the "Education Fund" set forth in Exhibit
A, the Company shall contribute toward a continuing education fund (the "Education Fund") a sum equal to
7.5% of the Salary or the maximum amount which is exempted from taxes under the provisions of the applicable law in effect from
time to time (the "Education Fund Ceiling"), provided that the Employee contributes to such Continuing Education
Fund an additional sum equal to 2.5% of the Salary or the Education Fund Ceiling. Use of the funds in the Education Fund shall
be in accordance with its by-laws.
	 	 	 
	 	c.     	Without
derogating from the above, it is agreed that the Employee shall bear all the tax imposed under any applicable law with respect
to any payment made toward the Managers Insurance Scheme and/or Education Fund which exceeds the maximum amount exempt from tax
payment under applicable laws.

 

	 	4.4	Other
    Benefits. The Employee shall be entitled to additional benefits as and to the extent set forth in Exhibit A.
	 	 	 
	 	4.5	Expenses
    Reimbursement. Subject to the advanced approval of the Employee's direct superior in writing, the Company will reimburse
    the Employee for reasonable expenses borne by the Employee during the discharge of his/her duties hereunder, against valid
    invoices thereof furnished by the Employee to the Company, all in accordance with the Company's policy as amended from time
    to time.

 

    	 	3	 

     

    

 

	 	4.6	Any
    benefit provided by the Company to the Employee under this section 4 and under Exhibit A, including for the
    removal of doubt the Bonuses (to the extent applicable), shall not be considered as part of the Employee's salary for purposes
    of calculating the Employee's social and other benefits, such as severance payments, redemption of unused vacation days etc.,
    and such social and other benefits shall be calculated only out of the Salary.
	 	 	 
	 	4.7 	The
    Company shall withhold, or charge the Employee with, all taxes and other compulsory payments as required under applicable
    law with respect to all payments, benefits and/or other compensation paid to the Employee in connection with the Employee's
    employment with the Company.
	 	 	 
	 	4.8	The
    Employee acknowledges that apart from the benefits provided for hereunder and in Exhibit A, the Employee shall
    not be entitled to any additional benefits and/or payments unless the Parties shall agree otherwise.

  

	5. 	Term and Termination

 

	 	5.1   	This
    Agreement shall be in effect for an undefined period of time commencing on the date set forth in Exhibit A (the
    "Commencement Date"), and shall continue until it is terminated pursuant to the terms set forth herein (the
    "Term").
	 	 	 
	 	5.2	Either
    Party may terminate the employment relationship hereunder at any time, without the obligation to provide any reason, by giving
    the other party a prior written notice as set forth in Exhibit A (the "Notice Period"). Notwithstanding
    the foregoing, the Company is entitled to terminate this Agreement with immediate effect upon a written notice to the Employee
    and to pay the Employee an amount equal to the Salary the Employee is entitled to receive under this Agreement that would
    have been paid to the Employee during the Notice Period, in lieu of such prior notice. In the event that the Employee shall
    terminate this Agreement with immediate effect or upon shorter notice than the Notice Period and/or shall not continue working
    during all the Notice Period, them (i) the Employee shall not be entitled to receive the Salary and/or any other benefit for
    the part of the Notice Period during which the Employee did not work for the Company; and (ii) the Employee shall be obligated
    to pay the Company an amount equal to the Salary that would have been payable to the Employee by the Company for the part
    of the Notice Period during which the Employee did not work for the Company (and the Company may deduct such amount from any
    payment due to the Employee by the Company).
	 	 	 
	 	5.3    	During
    the Notice Period and unless otherwise determined by the Company in a written notice to the Employee, the employment relationship
    hereunder shall remain in full force and effect, the Employee shall continue discharging and performing all of his/her duties
    and obligations with Company, and the Employee shall cooperate with the Company and assist the Company with the integration
    into the Company of the person who will assume the Employee's responsibilities.
	 	 	 
	 	5.4     	Notwithstanding,
    the Company may immediately terminate the employment relationship for Cause, without paying the Employee any payment with
    respect to the term commencing following such termination, and such termination shall be effective as of the time of notice
    of the same. "Cause" means (a) a material breach of this Agreement (including its Exhibits) by the Employee
    and/or a breach of the Employee's undertakings under Exhibit B hereto; (b) any willful failure to perform any of the Company's
    reasonable instructions or any of the Employee's fundamental functions or duties hereunder; (c) the Employee's engagement
    in willful misconduct or acting in bad faith with respect to the Company, (d) the Employee's conviction of a felony involving
    moral turpitude; or (e) any cause justifying termination or dismissal in circumstances in which the Company can deny the Employee
    severance payment under applicable law.

  

		5.5	Following
                                         the termination and/or expiration of the Term, the Employee shall return to the Company all documents, professional literature and equipment belonging to the Company,
                                         which may be in his/her possession at such time.

 

    	 	4	 

     

    

 

	6.	Proprietary Information; Assignment of Inventions and Non-Competition

 

		6.1	On
the date of this Agreement, the Employee executes the Non-Disclosure, Non-Competition and Proprietary Information Undertaking
attached as Exhibit B hereto. Without derogating from the provisions of Exhibit B, the Employee undertakes to keep
all the terms and conditions of this Agreement in strict confidence.

 

		6.2	Due
to the nature of the Company's business in Binary Option Trading, the Employee may be exposed to sensitive and/or confidential
financial materials. The Employee understands and undertakes that he/she will not wrongfully or illegally use, in any manner or
form, any such financial information for personal gain, whether directly or indirectly or through any proxy or family member.

 

		6.3	The
Employee acknowledges that, due to the nature of the Company's business in Binary Option Trading, the Company may require that
the Employee shall undergo a polygraph test and/or security checks, as provided in Exhibit C hereto. The Employee
agrees to undergo such polygraph test and/or security checks and agrees that any refusal to undergo these test/checks shall be
considered as a material breach of the Agreement by the Employee.

 

	7.	Miscellaneous

 

		7.1	Law
and Venue. The validity, construction and performance of this Agreement shall be governed by and interpreted in accordance
with the laws of the State of Israel, without giving effect to the principles of conflict of laws thereof. The competent courts
of the city of Tel Aviv-Jaffa, Israel shall have exclusive jurisdiction to settle all disputes arising in connection with this
Agreement and no other courts shall have any jurisdiction whatsoever in respect of such disputes.

 

		7.2	Counterparts
and Signatures. This Agreement may be executed in any number of counterparts, each of which shall be deemed an original but
all of which together shall constitute one and the same instrument.

 

		7.3	Non-Waiver
The waiver, express or implied, by either Party hereto of any rights hereunder or of any failure to perform or of a breach
hereof by the other Party hereto shall not constitute or be deemed a waiver of any other right hereunder or any other failure
to perform or a breach hereof by the other Party hereto, whether of a similar or dissimilar nature.

 

		7.4	Entire
Agreement. This Agreement and the Exhibits attached hereto constitute the entire agreement between the Parties with respect
to the subject matter hereof and supersedes any prior agreement, written or oral, including the terms of any negotiations in connection
with or relating to this Agreement.

 

		7.5	Modification
of Agreement. No addition or modification of this Agreement shall be effective or binding on either of the Parties hereto
unless reduced to writing and executed by the respective duly authorized representatives of each of the Parties hereto.

 

		7.6	Notice.
Any notices to be given hereunder shall be served on a Party by prepaid registered letter, facsimile or telegram to its address
given herein or such other address as may from time to time be notified for this purpose. Any notice given by letter shall be
deemed to have been served four days after the time at which it was posted and any notice given by facsimile or telegram shall
be deemed to have been served 24 hours after it is dispatched.

 

		7.7	Severability.
                                         The provisions of this Agreement shall be deemed severable and the invalidity or unenforceability of any provision shall not affect the validity or enforceability
                                         of the other provisions hereof.

 

		7.8	Notice
to Employee. For the purpose of delivering a notice with respect to the employment terms pursuant to the Law of Notice to
Employee (Employment Terms), 5762 — 2002, this Agreement shall be considered as complying with the requirements under such
Law.

 

IN
WI SS WHEREOF, the Parties have executed this Agreement as of the day and year first above written.

 

	 	 	/s/
    Zviel Gedalihou
	Win
    Global Markets Inc. (Israel) Ltd.	 	The
    Employee
	 	 	 
	 	By:		 	 	 
	 	Title:		 	 	 

 

    	 	5	 

     

    

 

Exhibit
A

 

To the Personal Employment Agreement by and between

the Company and the Employee

 

	1.	Name:	Zviel
    Gedalihou
	 	 	 
	2.	Position:	CFO
	 	 	 
	3.	Commencement
    Date:	30.1.17
	 	 	 
	4.	Scope
    of Employment:	Full
    Time
	 	 	 
	5.	Base
    Salary:	24,000
        NIS

        After
        3 months of employment the salary will be updated as follows: 28,000 NIS

	 	 	 
	6.	Overtime
    Global Payment:	6,000
NIS

        After
        3 months of employment the salary will be updated as follows: 7,000 NIS

	 	 	 
	7.	Annual
    Vacation:	18
    days.
	 	 	 
	8.	Sick
    Leave:	From
    the first day.
	 	 	 
	 	 	As
required by law

        I
        currently have/do not have (Delete as appropriate) an active Managers Insurance Scheme/pension fund (Delete as appropriate),
        which details are as follows:

	9.	Managers
    Insurance:	                                                                                                                                 
	 	 	                                                                                                       .
	 	 	 
	10.	Education
    Fund:	Commencing
    three (3) months after the Commencement Date, and applying retroactively (as of the Commencement Date).
	 	 	 
	11.	Travel
    Expenses	The
Employee shall be entitled to receive 1,500 NIS for gas expenses reimbursement.

        In
        addition, Parking Place (Befit Gaon parking) — subject to the Company's discretion.

	 	 	 
	12.	Notice
    Period:	45
    days.
	 	 	 
	13.	Options:	The
        parent company of the Company, Win Global Markets, Inc. (the "Parent Company"), shall grant the Employee the
        following options:

                                                                                      

        

        13,333Options
        to purchase shares oftheParentCompany (the "Options") from the commencement date.

 

	 	The
    Options shall be granted under the following terms:
	 	 
	 	(1)
     The Options shall be subject to the terms of the Parent Company's Stock Option Plan and the Stock Option Agreement to
    be entered into between the Parent Company and the Employee;
	 	(2)
    13,333 (Thirteen thousand three hundred thirty three) Options shall be fully vested 6 months after the commencement date,
    provided that the Employee shall remain employee of the Company at the end of such period; the rest of the Options shall vest
    over a period of Thirty (30) months (the "Vesting Period"), commencing 6 months after the grant of the Options (the
    "Effective Date"), in accordance with the following vesting schedule, provided that the Employee shall remain employee
    of the Company at the end of each relevant part of the vesting period: 2,222 (Two Thousand Two Hundred and Twenty Two) Options
    shall vest on a three-months basis as of the Effective Date, in a total of ten (10) installments, each of which shall be equal
    to 1/12 of the total number of the Options. Following the termination of the Employment Agreement, all unvested Options shall
    ipso facto terminate and become null and void.
	 	(4)
    The vested Options shall be exercisable commencing on the date in which they shall become vested and until the earlier of:
    (i) the lapse of 60 (Sixty) months from the date of grant thereof; or (ii) the lapse of 3 (Three) months from the termination
    date of this Agreement.
	 	(5)
    The vested Options shall be exercisable at a purchase price of US$15 (Fifteen Dollars) per share.
	 	(6)
    The Employee shall bear all the taxes (if any) associated with the grant and/or exercise of the Options.

 

    	 	6	 

     

    

 

Exhibit
B

 

NON-DISCLOSURE,
NON-COMPETITION AND

PROPRIETARY INFORMATION UNDERTAKING

 

THIS
NON-DISCLOSURE, NON-COMPETITION AND PROPRIETARY INFORMATION UNDERTAKING (the "Undertaking") is entered into
this 6' of August by Mr. Zviel Gedalihou, Israeli I.D. number 043197623, of 2 Menachem Begin St., Ramat Hasharon Israel (the "Employee")
effective as of the Commencement Date of the Employee's employment (as set forth in his/her Employment Agreement to which
this Undertaking is attached).

 

WHEREAS,
the Employee and Win Global Markets Inc. (Israel) Ltd. are entering an Employment Agreement to which this Undertaking is attached
(the "Employment Agreement");

 

NOW,
THEREFORE, the Employee represents, undertakes and warrants towards Win Global Markets Inc. (Israel) Ltd. and any subsidiary,
affiliate and parent company thereof (referred to herein collectively as the "Company") as follows:

 

	1.	Non - Disclosure

 

	1.1	The
    Employee acknowledges that the Employee has had and is expected to have access to information that relates to the Company,
    its business, assets, financial condition, affairs, activities, plans and projections, customers, suppliers, partners, and
    other third parties with whom the Company agreed or agrees, from time to time, to hold information of such party in confidence
    (the "Confidential Information"). The Confidential Information shall not include information generally available
    to the public not as a result of a breach of this Undertaking by the Employee.

 

	1.2	By way of illustration, such Confidential Information
shall include, without limitation, (i) any and all trade secrets concerning the business and affairs of the Company, product specifications,
data, know-how, compositions, processes, formulas, methods, designs, samples, inventions and ideas, past, current and planned
development or experimental work, current and planned distribution methods and processes, customer lists, customers' data, current
and anticipated customer requirements, price lists, market studies, business plans, computer software and programs (including
object code and source code), computer software and database technologies, systems, structures and architectures (and related
processes, algorithms, compositions, improvements, know-how, inventions, discoveries, concepts, ideas, designs, methods and information),
of the Company and any other information, however documented of the Company that is a trade secret; (ii) any and all information
concerning the business and affairs of the Company (which includes historical financial statements, financial projections and
budgets, historical and projected sales, capital spending budgets and plans, the names and backgrounds of key personnel, personnel
training and techniques and materials), however documented; (iii) any and all notes, analysis, compilations, studies, summaries,
and other material prepared by or for the Company containing or based, in whole or in part, on any information included in the
foregoing; (iv) any third parties' information to be received by the Company or by the Employee during his/her employment with
the Company; and (v) the terms and conditions of the Employment Agreement.

 

	1.3	The Employee further recognizes and acknowledges that:
(a) the employment by the Company and the access to Confidential Information creates a relationship of confidence and trust with
respect to such Confidential Information; and (b) such Confidential Information is a valuable and unique asset of the Company's
business and affairs, and (c) its unauthorized use or disclosure would cause the Company substantial loss and damages. Accordingly,
the Employee undertakes and agrees that he/she will keep in strict confidence and trust, shall safeguard, and shall not, in whole
or in part, disclose such Confidential Information to any person or organization under any circumstances, and that he/she will
not make use of any such Confidential Information for his/her own purposes or for the benefit of any other person or organization.
The obligations set forth in this section are perpetual, and shall apply both during and after the termination of the Employment
Agreement, for any reason.

 

	1.4	Upon
    termination of his/her employment with the Company, the Employee will promptly deliver to the Company all documents and materials
    of any nature pertaining to his/her work with the Company.

 

    	 	7	 

     

    

 

	2.	Ownership
    of Property and Rights 

 

	2.1	The
    Employee confirms that all Confidential Information is, will be and shall remain the exclusive property of the Company. All
    business records, papers and documents however documented, kept or made by the Employee relating to the business and affairs
    of the Company (including documents prepared prior to the Company's incorporation) (the "Proprietary Information")
    shall be and remain the property of the Company. Upon termination of his/her employment with the Company, the Employee shall
    promptly deliver to the Company all Proprietary Information and, without limitation, all copies of materials relating to the
    business and affairs of the Company and not previously made available to the public, without retaining any copies thereof.
    The obligations set forth in this subsection shall survive the termination of the Employment Agreement.

 

	2.2	The
    Employee will notify and disclose in writing to the Company, or any persons designated by the Company from time to time, all
    information, improvements, inventions, formulas, processes, techniques, know-how and data, whether or not patentable or registerable
    under copyright or any similar laws, made or conceived or reduced to practice or learned by the Employee, either alone or
    jointly with others, during the Employee's employment with the Company (including after hours, on weekends or during vacation
    time) (all such information, improvements, inventions, formulae, processes, techniques, know-how and data are hereinafter
    referred to as the "Invention(s)") immediately upon discovery, receipt or invention thereof as applicable.

 

	2.3	Without derogating
    from any of the provisions of this Undertaking, the Employee agrees that all the Inventions are, upon creation, considered
    Inventions of the Company, shall be the sole property of the Company and its assignees, and the Company and its assignees
    shall be the sole owner of all patents, copyrights, trade secret and all other rights of any kind or nature, including Moral
    Rights (as defined below), in connection with such Inventions. The Employee hereby irrevocably and unconditionally assigns
    to the Company all the following with respect to any and all Inventions: (i) patents, patent applications, and patent rights,
    including any and all continuations or extensions thereof; (ii) rights associated with works of authorship, including copyrights
    and copyright applications, Moral Rights (as defined below) and mask work rights; (iii) rights relating to the protection
    of trade secrets and confidential information; (iv) design rights and industrial property rights; (v) any other proprietary
    rights relating to intangible property including trademarks, service marks and applications therefore, trade names and packaging
    and all goodwill associated with the same; and (vi) all rights to sue for any infringement of any of the foregoing rights
    and the right to all income, royalties, damages and payments with respect to any of the foregoing rights. The Employee also
    hereby forever waives and agrees never to assert any and all Moral Rights (as defined below) the Employee may have in or with
    respect to any Inventions, even after termination of employment on behalf of the Company. "Moral Rights" means
    any right to claim authorship of a work, any right to object to any distortion or other modification of a work, and any similar
    right, existing under the law of any country in the world, or under any treaty.

 

	2.4	The Employee
    further agrees to perform, during and after his/her employment with the Company, all acts deemed reasonably necessary or desirable
    by the Company to permit and assist it, at the Company's expense, in obtaining, maintaining, defending and enforcing the Inventions
    in any and all countries. Such acts may include, but are not limited to, execution of documents and assistance or cooperation
    in legal proceedings. The Employee hereby irrevocably designates and appoints the Company and its duly authorized officers
    and agents, as the Employee's agents and attorneys-in-fact to act for and on the Employee's behalf and instead of the Employee,
    to execute and file any documents and to do all other lawfully permitted acts to further the above purposes with the same
    legal force and effect as if executed by the Employee.

 

	2.5	The Employee
    shall not be entitled, with respect to all of the above, to any monetary consideration or any other consideration except as
    explicitly set forth in the Employment Agreement. Without limitation of the foregoing, the Employee irrevocably confirms that
    the consideration explicitly set forth in the Employment Agreement is in lieu of any rights for compensation that may arise
    in connection with the Inventions under applicable law and waives any right to claim royalties or other consideration with
    respect to any Invention, including under Section 134 of the Israeli Patent Law — 1967. With respect to all of the above
    any, oral understanding, communication or agreement not memorialized in writing and duly signed by the Company shall be void.

 

    	 	8	 

     

    

 

	3.	No
    Competition and Non-Solicitation

 

	3.1	The
    Employee acknowledges that in light of the Employee's position with the Company and in view of the Employee's exposure to,
    and involvement in, the Company's sensitive and valuable proprietary information, property (including, intellectual property)
    and technologies, as well as its goodwill and business plans (the "Company's Major Assets"), the provisions
    of this Section 3 are reasonable and necessary to legitimately protect the Company's Major Assets, and are being undertaken
    by the Employee as a condition to the employment of the Employee by the Company.

 

	3.2	The
    Employee confirms that the Employee has carefully reviewed the provisions of this Section 3, fully understands the consequences
    thereof and has assessed the respective advantages and disadvantages to the Employee of entering into this Undertaking and,
    specifically, Section 3 hereof. In light of the above provisions, the Employee undertakes that during the term of his/her
    employment with the Company and for a period of twelve (12) months thereafter:

 

	 	3.2.1	The Employee shall not engage, establish, open or in
any manner whatsoever become involved, directly or indirectly, either as an employee, owner, partner, agent, shareholder, director,
consultant or otherwise, in any business, occupation, work or any other activity which is reasonably likely to involve or require
the use of any of the Company's Major Assets. The Employee confirms that engagement, establishment, opening or involvement, directly
or indirectly, either as an employee, owner, partner, agent, shareholder, director, consultant or otherwise, in any business,
occupation, work or any other activity which competes directly with the business of the Company as conducted during the term of
his/her employment or contemplated, during such term, to be conducted, is likely to require the use of all or a portion of the
Company's Major Assets.

 

	 	3.2.2	The Employee shall not, directly or indirectly, solicit,
hire or retain as an employee, consultant or otherwise, any employee or consultant of the Company or induce or attempt to induce
any such employee or consultant to terminate or reduce the scope of his/her employment and/or engagement with the Company.

 

	3.3	The Employee further undertakes that, for so long as
the Employee is employed by the Company and continuing for twelve (12) months after the termination or expiration of such employment,
the Employee shall not, directly or indirectly, solicit, endeavor to entice away from the Company or otherwise interfere with
the relationship of the Company with any person or organization who is, or was within the preceding two (2) years, a customer
or a supplier of the Company.

 

	4.	General

 

	4.1	The Employee represents that the performance of all
the terms of this Undertaking and the Employee's duties as an employee of the Company does not and will not breach any invention
assignment, proprietary information, non-compete, confidentiality or similar agreements with, or rules, regulations or policies
of, any former employer or other party (including, without limitation, any academic institution or any entity related thereto).
The Employee acknowledges that the Company is relying upon the truthfulness and accuracy of such representations in employing
the Employee.

 

	4.2	The Employee acknowledges that the provisions of this
Undertaking serve as an integral part of the terms of the Employee's employment and reflect the reasonable requirements of the
Company in order to protect its legitimate interests with respect to the subject matter hereof

 

	4.3	The Employee recognizes and acknowledges that in the
event of a breach or threatened breach of this Undertaking by the Employee, the Company may suffer irreparable harm or damage
and will, therefore, be entitled to injunctive relief to enforce this Undertaking (without limitation to any other remedy at law
or in equity).

 

	4.4	This Undertaking is governed by and construed in accordance
with the laws of the State of Israel, without giving effect to its laws pertaining to conflict of laws. The Employee agrees that
any and all disputes in connection with this Undertaking shall be submitted to the exclusive jurisdiction of the competent
courts located in the city of Tel-Aviv-Jaffa, Israel.

 

	4.5	If any provision of this Undertaking is determined by
any court or arbitrator of competent jurisdiction to be invalid, illegal or unenforceable in any respect, such provision will
be enforced to the maximum extent possible given the intent of the parties hereto. If such clause or provision cannot be so enforced,
such provision shall be stricken from this Undertaking only with respect to such jurisdiction in which such clause or provision
cannot be enforced, and the remainder of this Undertaking shall be enforced as if such invalid, illegal or unenforceable clause
or provision had (to the extent not enforceable) never been contained in this Undertaking. In addition, if any particular provision
contained in this Undertaking shall for any reason be held to be excessively broad as to duration, geographical scope, activity
or subject, it shall be construed by limiting and reducing the scope of such provision so that the provision is enforceable to
the fullest extent compatible with applicable law.

 

    	 	9	 

     

    

 

	4.6	The provisions of this Undertaking shall continue and
remain in full force and effect following the termination or expiration of the employment relationship between the Company and
the Employee, for whatever reason. This Undertaking shall not serve in any manner so as to derogate from any of the Employee's
obligations and liabilities under any applicable law.

 

	4.7	This Undertaking constitutes the entire agreement between
the Employee and the Company with respect to the subject matter hereof. No amendment of or waiver of, or modification of any obligation
under this Undertaking will be enforceable unless set forth in a writing signed by the Company. No delay or failure to require
performance of any provision of this Undertaking shall constitute a waiver of that provision as to that or any other instance.
No waiver granted under this Undertaking as to any one provision herein shall constitute a subsequent waiver of such provision
or of any other provision herein, nor shall it constitute the waiver of any performance other than the actual performance specifically
waived.

 

	4.8	This Undertaking, the rights of the Company hereunder,
and the obligations of the Employee hereunder, will be binding upon and inure to the benefit of their respective successors, assigns,
heirs, executors, administrators and legal representatives. The Company may assign any of its rights under this Undertaking. The
Employee may not assign, whether voluntarily or by operation of law, any of its obligations under this Undertaking, except with
the prior written consent of the Company.

 

IN
WITNESS WHEREOF, the undersigned, has executed this Undertaking as of the date first mentioned above.

 

	 	Printed
    Name:	Zviel
    Gedalihou	 	Signature:	 

 

    	 	10	 

     

    

 

Exhibit
C

 

Employee
Consent to Polygraph - Test and Security Checks

 

Date:
30/1/2017

 

WHEREAS,
Win Global Markets Inc. (Israel) Ltd. (the "Company") is in the industry of Binary Option Trading; and

 

WHEREAS,
as a matter of a routine, the employees of the Company work with or come across sensitive information regarding clients' financials;
and

 

WHEREAS,
the Company works in a highly regulated environment that requires it to protect its clients; and

 

WHEREAS,
the Company needs, from time to time, to administer polygraph tests and/or other security checks to its employees, on a need-to-know
basis.

 

Now,
Therefore, I Zviel Gedalihou, ID Number 043197623, understand the preambles section above-written and the Company's need to administer
polygraph tests and/or other security checks from time to time. Accordingly, I hereby voluntarily give my consent to a polygraph
(lie detector) test and/or other security checks to be administered if and when the Company decides to do so, in the Company's
sole discretion.

 

I
declare that I have not been coerced in any manner whatsoever to submit to this test/check or to sign this consent form and I
understand that I have a legal right to refuse to submit to this test/check as a condition of new or continued employment.

 

 

 

 

 

11Exhibit 10.1

 

 

SETTLEMENT AGREEMENT

This SETTLEMENT
AGREEMENT (this “Agreement”) is made and entered into as of January 31st, 2017, by and among magicJack
VocalTec Ltd., a company organized under the laws of the State of Israel (the “Company”), on the one
hand, and David L. Kanen and Kanen Wealth Management LLC (together and including their respective Associates and Affiliates, the
“Kanen Group”), on the other hand. The Company and the Kanen Group are each referred to herein as
a “Party” and, collectively, as the “Parties.”

RECITALS

WHEREAS, as of the
date hereof, the Kanen Group beneficially owns 998,452 ordinary shares of the Company, no par value (the “Kanen Shares”),
as disclosed in the Schedule 13D filed on August 19, 2016 (as amended by the Schedule 13D/A filed August 26, 2016, as
further amended by the Schedule 13D/A filed August 31, 2016, the “Schedule 13D”); and

WHEREAS, on August
29, 2016, the Kanen Group submitted a proposal (the “Director Proposal”) to elect Alan Bradley Howe,
Anthony Ambrose, Jonathan M. Charak, William Austin Lewis, David Clark, Anthony Pompliano and Louis Antoniou for election to the
Board of Directors of the Company (the “Board”) at the Company’s 2016 annual meeting of shareholders
(including any adjournment, postponement or thereof, the “2016 Annual Meeting”).

NOW, THEREFORE,
in consideration of the foregoing premises and the mutual covenants and agreements contained herein, and for other good and valuable
consideration, the receipt and sufficiency of which are hereby acknowledged, the Parties hereto, intending to be legally bound
hereby, agree as follows:

1.              
Annual Meeting Matters.

(a)               
The Company shall (i) include Don C. Bell III and Alan Bradley Howe (the “Kanen Designees”)
as director candidates of the Board in the Company’s proxy statement for the 2016 Annual Meeting, (ii) recommend that the
Company’s shareholders vote in favor of the Kanen Designees, and (iii) use reasonable best efforts to cause the election
of the Kanen Designees.

(b)              
The Kanen Group hereby withdraws its Director Proposal with immediate effect. The Kanen Group shall, and shall cause
its Affiliates and Associates to, appear in person or by proxy at the 2016 Annual Meeting and to vote all Kanen Shares at the 2016
Annual Meeting in accordance with the Board’s recommendations with respect to each election of directors and each other proposal
as set forth in the Board’s definitive proxy statement filed for the 2016 Annual Meeting. No member of the Kanen Group shall
execute any proxy card or voting instruction form in respect of the 2016 Annual Meeting other than the proxy card and related voting
instruction form being solicited by or on behalf of the Board. Each member of the Kanen Group agrees that it shall not, and that
it shall not permit any of its Representatives to, directly or indirectly, take any action inconsistent with this Section 1(c).

    

     

    

2.              
Expenses. Within five Business Days following the date of this Agreement, the Company shall reimburse the
Kanen Group, in an amount not to exceed $100,000.00, for expenses incurred by the Kanen Group in connection with the execution
and effectuation of this Agreement and the transactions contemplated hereby, including, but not limited to, legal and other advisory
costs.

3.              
SEC Filings.

(a)               
No later than two Business Days following the execution of this Agreement, the Kanen Group shall file with the SEC
an amendment to its Schedule 13D in compliance with Section 13 of the Exchange Act, reporting its entry into this Agreement, disclosing
applicable items to conform to its obligations hereunder and appending this Agreement as an exhibit thereto (the “Schedule 13D
Amendment”). The Schedule 13D Amendment shall be consistent with the terms of this Agreement. The Kanen Group shall
provide the Company and its Representatives with a reasonable opportunity to review the Schedule 13D Amendment prior to it being
filed with the SEC and consider in good faith any comments of the Company and its Representatives.

(b)              
No later than four Business Days following the execution of this Agreement, the Company shall file with the SEC a
Current Report on Form 8-K, reporting its entry into this Agreement and appending this Agreement as an exhibit thereto (the “Form
8-K”). The Form 8-K shall be consistent with the terms of this Agreement. The Company shall provide the Kanen Group
and its Representatives with a reasonable opportunity to review and comment on the Form 8-K prior to the filing with the SEC and
consider in good faith any comments of the Kanen Group and its Representatives.

4.              
Certain Definitions and Interpretations. As used in this Agreement: (a) the terms “Affiliate”
and “Associate” (and any plurals thereof) have the meanings ascribed to such terms under Rule 12b-2 promulgated
by the SEC under the Exchange Act and shall include all persons or entities that at any time prior to the Termination Date become
Affiliates or Associates of any person or entity referred to in this Agreement; (b) the term “Exchange Act”
means the Securities Exchange Act of 1934, as amended, and the rules and regulations promulgated thereunder; (c) the terms
“beneficial ownership,” “group,” “person,” “proxy”
and “solicitation” (and any plurals thereof) have the meanings ascribed to such terms under the Exchange
Act; (d) the term “Business Day” means any day that is not a Saturday, Sunday or other day on which commercial
banks in the State of Delaware are authorized or obligated to be closed by applicable law; (e) the term “Representatives”
means a person’s Affiliates and Associates and its and their respective directors, officers, employees, partners, members,
managers, consultants, legal or other advisors, agents and other representatives; (f) the term “SEC”
means the U.S. Securities and Exchange Commission.

5.              
Governing Law; Jurisdiction; Jury Waiver. This Agreement, and any disputes arising out of or related to this
Agreement (whether for breach of contract, tortious conduct or otherwise), shall be governed by, and construed in accordance with,
the laws of the State of Delaware, without giving effect to its conflict of laws principles. The Parties agree that exclusive jurisdiction
and venue for any Legal Proceeding arising out of or related to this Agreement shall exclusively lie in the Court of Chancery of
the State of Delaware or, if such Court does not have subject matter jurisdiction, to the Superior Court of the State of Delaware
or, if jurisdiction is vested exclusively in the Federal courts of the United States, the Federal courts of the United States sitting
in the State of Delaware, and any appellate court from any such state or Federal court. Each Party waives any objection it may
now or hereafter have to the laying of venue of any such Legal Proceeding, and irrevocably submits to personal jurisdiction in
any such court in any such Legal Proceeding and hereby further irrevocably and unconditionally waives and agrees not to plead or
claim in any court that any such Legal Proceeding brought in any such court has been brought in any inconvenient forum. Nothing
contained herein shall be deemed to affect the right of any Party to serve process in any manner permitted by law. EACH PARTY HERETO
HEREBY IRREVOCABLY WAIVES ANY AND ALL RIGHT TO TRIAL BY JURY IN ANY LEGAL PROCEEDING ARISING OUT OF OR RELATED TO THIS AGREEMENT.

    2 

     

    

6.              
Specific Performance. Each member of the Kanen Group, on the one hand, and the Company, on the other hand,
acknowledges and agrees that irreparable injury to the other Party would occur in the event any provision of this Agreement were
not performed in accordance with such provision’s specific terms or were otherwise breached or threatened to be breached
and that such injury would not be adequately compensable by the remedies available at law (including the payment of money damages).
It is accordingly agreed that each member of the Kanen Group, on the one hand, and the Company, on the other hand (the “Moving
Party”), shall each be entitled to specific enforcement of, and injunctive relief to prevent any violation of, the terms
hereof, and the other Party hereto shall not take action, directly or indirectly, in opposition to the Moving Party seeking such
relief on the grounds that any other remedy or relief is available at law or in equity. This Section 6 shall not be the exclusive
remedy for any violation of this Agreement.

7.              
Miscellaneous. This Agreement contains the entire agreement and supersedes all prior agreements and understandings,
both written and oral, between the Parties with respect to the subject matter hereof and thereof. This Agreement is solely for
the benefit of the Parties and is not enforceable by any other persons. This Agreement shall not be assignable by operation of
law or otherwise by a Party without the consent of the other Party.  Subject to the foregoing sentence, this Agreement
shall be binding upon, inure to the benefit of, and be enforceable by and against the permitted successors and assigns of each
Party. This Agreement may be executed in counterparts, each of which shall be deemed an original, but all of which together shall
constitute one and the same agreement. Signatures to this Agreement transmitted by facsimile transmission, by electronic mail in
“portable document format” (“.pdf”) form, or by any other electronic means intended to preserve the original
graphic and pictorial appearance of a document, shall have the same effect as physical delivery of the paper document bearing the
original signature.

[Signature Pages
Follow]

    3 

     

    

 

IN WITNESS WHEREOF,
each of the Parties has executed this Agreement, or caused the same to be executed by its duly authorized representative, as of
the date first above written.

	 	MAGICJACK VOCALTEC LTD
	 	 
	 	By: 	/s/ Gerald Vento
	 	Name:

Title:	Gerald Vento
Chief Executive Officer and President

 

 

    
Signature
Page to the Settlement Agreement

     

    

	 	KANEN WEALTH MANAGEMENT LLC
	 	 
	 	By: 	/s/ David L. Kanen
	 	Name:

Title:	David L. Kanen
Managing Member
	 	 	 
	 	DAVID L. KANEN
	 	 	 
	 	/s/ David L. Kanen
	 	 	 

 

Signature
Page to the Settlement Agreement

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