This contract is made between the two parties whose complete data is specified in the attached contracting form, referred to as “the First Party” (the company / grantor) and “the Second Party” (the beneficiary / employee or manager or consultant), collectively referred to as “the Parties”. Under this agreement and after the approval of the company's Board of Directors (and the General Assembly according to the type of company and its bylaws) on the employee and management stock option plan, the First Party (the company / grantor) undertakes to grant the Second Party (the beneficiary / employee or manager or consultant) a right (option) to purchase a specified number of the company's shares in the future at a specified price known as the exercise price, in accordance with the terms and conditions set forth in this agreement and its annexes and according to the approved stock option plan; this agreement aims to regulate the granting of stock options with the highest degree of transparency and legal accuracy while defining the vesting conditions, exercise period, exercise price, mechanism of exercise, cases of cancellation or lapsing, and the rights and obligations of the beneficiary during the option period, as well as the dispute resolution mechanism, in a manner that serves the company's interests in retaining competencies, motivating performance, and protecting the rights of the beneficiary to obtain their share of the benefits of the company's success. The parties have agreed to the following:

1- The words and phrases defined below - wherever they appear in this Agreement - shall have the meanings assigned to each of them, unless the context requires a different meaning:

2- The Agreement: This Stock Option Agreement in its entirety along with its annexes, and its preamble shall be considered an integral part thereof, and it shall be the primary reference in case of any conflicts between its texts and the texts of the annexes or the Articles of Association or the Stock Option Plan, to the extent that they do not conflict with the law.

3- The Company (Grantor): The first party, which is the company granting stock options to the Beneficiary, as detailed in Annex (1).

4- The Beneficiary (Employee / Director / Consultant): The second party, who is the individual granted stock options under this Agreement, as specified in Annex (2), who is usually an employee, director, or consultant of the Company or one of its subsidiaries.

5- The Option: The non-binding right granted by the Company to the Beneficiary to purchase a specified number of shares in the Company in the future at the exercise price during the exercise period and after the fulfillment of the vesting conditions.

6- Number of Options Granted: The number of options (the shares which the Beneficiary is entitled to purchase) granted by the Company to the Beneficiary, as specified in Article (2).

7- The Exercise Price: The fixed price at which the Beneficiary is entitled to purchase the shares upon exercising the option, as specified in Article (4), and is usually equal to the fair market value of the share on the grant date or at a discounted price.