SEC Contract Filing

Filing Date: 2022-03-23

Document Content:
<DOCUMENT>
<TYPE>EX-10.3
<SEQUENCE>6
<FILENAME>tm2210221d1_ex10-3.htm
<DESCRIPTION>EXHIBIT 10.3
<TEXT>
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<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="text-align: right; margin: 0"><B>Exhibit 10.3</B></P>

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<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; text-indent: 0.5in">MANAGEMENT INCENTIVE AGREEMENT</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">This Management Incentive Agreement (this &ldquo;<B>Agreement</B>&rdquo;)
is made and entered into as of March 23, 2022, among Hub Cyber Security (Israel) Ltd., a company organized under the laws of the State
of Israel (the &ldquo;<B>Company</B>&rdquo;), Mount Rainier Acquisition Corp. (&ldquo;<B>SPAC</B>&rdquo;), and the member of management
of the Company listed on <U>Schedule A</U> hereto (the &ldquo;<B>Recipient</B>&rdquo;, and together with the Company, the &ldquo;<B>Parties</B>&rdquo;).</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">WHEREAS, the Company, Rover Merger Sub, Inc.,
a Delaware corporation and wholly owned subsidiary of the Company (&ldquo;<B>Merger Sub</B>&rdquo;), and Mount Rainier Acquisition Corp.,
a Delaware corporation (&ldquo;SPAC&rdquo;), have entered into that certain Business Combination Agreement, dated March ___, 2022 (the
&ldquo;<B>Business Combination Agreement</B>&rdquo;), pursuant to which Merger Sub will merge with and into SPAC, with SPAC surviving
such merger as a wholly owned subsidiary of the Company (the &ldquo;<B>Business Combination</B>&rdquo;);</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">WHEREAS, upon the consummation the transactions
contemplated by the Business Combination Agreement (the &ldquo;<B>Closing</B>&rdquo;), the Ordinary Shares, no par value, of the Company
(&ldquo;<B>Company Shares</B>&rdquo;) will be listed for trading on Nasdaq; and</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">WHEREAS, the Company intends to promote the interests
of the Company and retain certain individuals who are integral to the success of the Company to contribute to the progress, growth and
profitability of the Company by providing certain members of the management of the Company, including the Recipient with an opportunity
to participate in the Company&rsquo;s future by granting them certain incentives as specified herein.</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">NOW, THEREFORE, in consideration of the foregoing
and the mutual and dependent covenants hereinafter set forth, the Parties agree as follows:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-weight: normal; vertical-align: baseline">1.<FONT STYLE="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><U>Definitions.</U></FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0in"><FONT STYLE="font-weight: normal; vertical-align: baseline">Capitalized
terms used herein without definition shall have the meanings assigned thereto in the Business Combination Agreement.</FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0in"><FONT STYLE="font-weight: normal; vertical-align: baseline">&ldquo;</FONT><FONT STYLE="vertical-align: baseline"><B>Change
of Control Consideration</B><FONT STYLE="font-weight: normal">&rdquo; means the amount per Company Share to be received by the holders
thereof in connection with a Change of Control Transaction, with any non-cash consideration valued as determined by the value ascribed
to such consideration by the parties to such transaction.</FONT></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0in"><FONT STYLE="font-weight: normal; vertical-align: baseline">&ldquo;</FONT><FONT STYLE="vertical-align: baseline"><B>Change
of Control Transaction</B><FONT STYLE="font-weight: normal">&rdquo; means any transaction or series of related transactions (a) under
which any Person(s), directly or indirectly, acquires or otherwise purchases (i) another Person or any of its Affiliates or (ii) all or
substantially all of the assets, businesses or Equity Securities of another Person, whether by merger, consolidation, tender offer, recapitalization,
purchase or issuance of Equity Securities, tender offer or otherwise),.</FONT></FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0in"><FONT STYLE="font-weight: normal; vertical-align: bas