EXHIBIT 10.7
Agreement
Conducted and Signed on the 26th of October, 2014
Between:
T.A.B. Anti-Bacterial Textiles Ltd.
PC 514997741
Of 19 Hagaaton st. , Naharia
(Hereinafter: "The Company")
The one party;
And:
Mr. Joshua Hershcovich
i.d. 052607298
of 7 Haoren st., Naharia
(Hereinafter: "The Director")
(Hereinafter: "the shareholder"
The other party;
| Given | that the company is interested in raising capital from the public; |
| And given | that in order to do so the company intends to submit a prospectus for raising the capital as stated; |
| And given | that the parties are interested to put to order their rights and duties in this agreement; |
Therefore it has been hereby agreed as follows:
The shareholder will not offer his shares in the company for resale to the public, until a time when the company has completed to raise a sum equal to 1.35m $US, that are 45% of the sum that the company seeks to raise according to the prospectus which the company intends to submit (3m $US).
And as proof the parties have signed:
| /s/ Meir Elishkov | /s/ Joshua Hershcovich | |||
| The Company (by Mr Meir Elishkov.) | Joshua Hershcovich | |||