May 8, 2002 To: Mr. Yossi Ben-Yossef Kadima Hi-Tech Re: Investment in our company
May
8,
2002
To:
Xx.
Xxxxx Xxx-Xxxxxx Xxxxxx Hi-Tech
Re:
Investment in our company
We
are
hereby to put in writing our agreement in respect of investment to be made
by a
group in investors handled by you, and / or other investors handled by
you.
| 1. |
If
an investment is made (hereinafter - “Investment”), then you and / or
whoever on your behalf, shall be entitled to receive from
us:
|
| 1.1. |
Success
fee amounting 5% of the Investment + VAT (hereinafter - “Commission”).
Commission will be fully paid to you in cash at the signing of the
investment agreement with your investors (or any of them), and as will
be
ordered by the company. Commission will be paid in NIS, or where
Investment is made if foreign currency, in NIS according to official
US$ -
NIS exchange rate know on the day of
payment.
|
| 1.2. |
For
12 months as of signing of said Investment agreement, you shall have
an
option to purchase shares of the company at an amount equal to 5% of
the
Investment (as defined supra)
according to same company valuation as in the Investment (a s defined
supra).
It is hereby made clear that for the purpose of this article 1.2, all
options allocated to company employees and / or others, will be considered
as if exercised prior to exercising of this option by
you.
|
| 2. |
Nothing
in the document is to obligate you and / or Kadima and / or members
of the
forum, to execute an investment (and / or any investment) in the
company.
|
Sincerely
yours,
