Summary Translation of Services Agreement Dated January 5, 2016Summary Translation of Services Agreement • December 27th, 2016 • Foresight Autonomous Holdings Ltd. • Services-prepackaged software
On January 5, 2016, Magna BSP Ltd. (the “Parent”) entered into a services agreement (the “Agreement”) with Foresight Automotive Ltd. (under its previous name, Four Eyes Autonomous Ltd.) (the “Subsidiary”). The parties entered into the Agreement in connection with the merger agreement (the “Merger Agreement”) dated October 11, 2015 by and among the Parent, the Subsidiary and Foresight Autonomous Holdings Ltd. (under its previous name, Asia Development A.D.B.M. Ltd.).
