THIS AGREEMENT is entered into as of the 1st day of July 2007, by and between IDO Security
Ltd., an Israeli company, (the “ Company ”), and Henry Shabat Ltd. , a company incorporated under the laws
of Israel with offices at Kfar Truman, Israel (the "Manager")
WHEREAS The Company designs, develops, manufactures and sells products, know-how and
technologies used in security applications.
WHEREAS Manager wishes to be hired by the Company and Company wishes to hire Manager upon
the terms and conditions as set out herein.
Appointment, Term, Service
Appointment. The Company agrees to hire the Manager to provide a chief operating officer to
the Company upon the terms and conditions contained herein and the Manager accepts such appointment. All
services to be provided hereunder by the Manager shall be provided solely by Henri Shabat (the “COO”).
Term . This Agreement shall continue for an initial term of one year (the “Initial Term”) unless
terminated in accordance with the provisions of this Agreement. This Agreement shall be renewed for successive
one year terms (each a “Renewal Term”) unless the Company or Manager indicates in writing, more than 90 days
prior to the termination of this Initial term or any Renewal term, that it does not intend to renew this Agreement.
Duties and Reporting. The COO will report directly to the Chairman of the Board or to whom
the Chairman shall instruct and shall carry out all duties and responsibilities generally associated with COO's
position, which are from time to time assigned to him by the Chairman of the board, in writing. Until further notice
the Manager shall report to Jorge Wolf.
Scope of Service . The COO shall devote 75% of his time , attention and ability during regular
business days, Sunday through Thursday, to the business of the Company and shall well and faithfully serve the
Company and shall use his best efforts to pro