Eligible Company Equityholder shall mean, subject to
Section 3.10(c), a holder of a Company Share or a Company Preferred Share, in each case outstanding immediately prior to the Acquisition Effective Time.
Employee Benefit Plan shall mean each employee benefit plan (within the meaning of Section 3(3) of ERISA)
and each other retirement, supplemental retirement, deferred compensation, bonus, incentive compensation, stock purchase, employee stock ownership, equity-based, phantom-equity, profit-sharing, severance, termination protection, change in control,
retention, employee loan, retiree medical or life insurance, educational, employee assistance, fringe benefit and any other employee benefit plan, policy, agreement, program or arrangement or employment agreement, whether or not subject to ERISA,
whether formal or informal, oral or written, which any Group Company sponsors or maintains for the benefit of its current or former employees, officers, or individuals who provide services and are compensated as individual independent contractors or
directors, or with respect to which any Group Company has or could have any direct or indirect liability (contingent or otherwise).
Encouragement Law shall mean the Israeli Law for the Encouragement of Research, Development and Technological Innovation in
the Industry, 5744-1984.
Environmental Law shall mean any federal, state, local or foreign law, regulation, order,
decree, permit, authorization, opinion, common law or agency requirement relating to: (a) the protection, investigation or restoration of the environment, health and safety (concerning exposure to Hazardous Substances), or natural resources;
(b) the handling, use, presence, disposal, release or threatened release of any Hazardous Substance; or (c) noise, odor, wetlands, pollution, contamination or any injury or threat of injury to persons or property, and shall include,
federal statues known as the Clean Air Act, Clean Water Act, Comprehensive Environmental Response, Compensation and Liability Act, Emergency Planning and Community
Right-to-Know Act, Endangered Species Act, Hazardous Materials Transportation Act, Migratory Bird Treaty Act, National Environmental Policy Act, Occupational Safety and
Health Act, Oil Pollution Act of 1990, Resource Conservation and Recovery Act, Safe Drinking Water Act, Toxic Substances Control Act the Israeli Clean Air Law, 5768-2008, Prevention of the Sea from Land Sources, 5748-1988, and Hazardous
Substances Law, 5753-1993.
Environmental Permits is defined in Section 4.15(b).
ERISA Affiliate shall mean any trade or business (whether or not incorporated) that, together with the Company or any of
its subsidiaries is treated as a single employer under Section 414 of the Code.
Equity Exchange Ratio shall mean
the quotient obtained by dividing (a) the Equity Value Per Share by (b) the Reference Price.
Equity
Financing shall mean purchases of equity securities by one or more investors in accordance with Section 7.24 and which will become equity securities of Holdco following the Closing.
Equity Financing Proceeds shall mean cash proceeds to be funded by investors participating in the Equity Financing
immediately prior to, or concurrently with, the Closing to the Company and/or SPAC, as applicable, pursuant to the Equity Financing Subscription Agreements.
Equity Financing Subscription Agreement shall mean a subscription agreement executed by an investor, on the one hand, and
the Company and/or SPAC, on the other hand, after the date hereof pursuant to which such investor has agreed to participate in the Equity Financing.
Equity Value shall mean an amount equal to $269,000,000; provided, that if the Earnout is satisfied pursuant to
Section 3.10(a) prior to the Acquisition Effective Time, then Equity Value shall mean an amount equal to $299,999,993.
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