Summary Translation of Merger Agreement Dated October 11, 2015Translation of Merger Agreement • December 27th, 2016 • Foresight Autonomous Holdings Ltd. • Services-prepackaged software
On October 11, 2015 Foresight Autonomous Holdings Ltd. (under its previous name, Asia Development A.D.B.M. Ltd.), a publicly traded Israeli company (the “Company”), entered into a merger agreement (the “Agreement”) with Foresight Automotive Ltd. (under its previous name, Four Eyes Autonomous Ltd.) (the “Subsidiary”), a private Israeli company and with Magna BSP Ltd. (“Magna”), the sole shareholder of the Subsidiary. The Subsidiary operates in the field of research and development of a radar based on the assets of Magna, relating to the field of vehicle safety.
