0001144204-13-014286 Sample Contracts

REGISTRATION RIGHTS AGREEMENT
Registration Rights Agreement • March 11th, 2013 • Sapiens International Corp N V • Services-prepackaged software

THIS REGISTRATION RIGHTS AGREEMENT (this "Agreement") is entered into as of the 21 day of August, 2011 (the "Effective Date"), by and among Sapiens International Corporation N.V., a company incorporated under the laws of Curaçao, with an address at Rabin Science Park, P.O. Box 4011, Nes Ziona 74140, Israel (the "Company"), and each of the shareholders of the Company whose name and address is listed on Schedule 1 attached hereto (each, a "Holder" (as further defined below) and collectively, the "Holders").

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