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FRAMEWORK AGREEMENT This Framework Agreement (the " Agreement ") is dated as of

Key Takeaway: This Framework Agreement (the "Agreement") is dated as of October 6, 2025 (the "Effective Date"), by and between AutoMax Motors Ltd. (the "Borrower"), SciSparc Ltd. ("Lender") and SciSparc Merger Sub Ltd. ("Merger Sub") (the Borrower, Lender and Merger Sub collectively, the "P

Full Press Release Details

This Framework Agreement (the
"Agreement") is dated as of October 6, 2025 (the "Effective Date"), by and between AutoMax Motors
Ltd. (the "Borrower"), SciSparc Ltd. ("Lender") and SciSparc Merger Sub Ltd. ("Merger Sub")
(the Borrower, Lender and Merger Sub collectively, the "Parties" and individual a "Party").
WHEREAS, on April 10,
2024, the Parties entered into an Agreement and Plan of Merger, as amended on August 14, 2024, November 26, 2024, March 27, 2025, and
on May 8, 2025 (the "Merger Agreement");
WHEREAS, the Borrower
and the Lender entered into a Loan Agreement, dated January 14, 2024, as amended on June 9, 2024, September 5, 2024, and May 8, 2025 (the
"Bridge Loan Agreement") pursuant to which the Lender extended a loan to the Borrower in the principal amount of a
$4.25 million (the "Bridge Loan Amount");
WHEREAS, the Borrower
and the Lender entered into a Loan Agreement dated February 24, 2025 (the "New Loan Agreement", and together with the
Bridge Loan Agreement, the "Loan Agreements") pursuant to which the Lender extended an additional loan to the Borrower
in the principal amount of a $2.0 million (the "New Loan Amount");
WHEREAS, the Parties
wish to mutually terminate the Merger Agreement on the terms and conditions set forth herein;
WHEREAS, pursuant to
the Bridge Loan Agreement, the Bridge Loan Amount and the interest accrued thereon, shall be due and repaid by the Borrower to the Lender
on the third month anniversary of the date of the termination of the Merger Agreement;
WHEREAS, pursuant to
the New Loan Agreement, the New Loan Amount shall be repaid by the Borrower to the Lender in monthly installments of $50,000, plus the
interest of 8% per annum, compounded annually, accrued on the outstanding New Loan Amount up to each monthly payment date (the "Monthly
WHEREAS, the Borrower
has failed to deliver 4 Monthly Payments;
WHEREAS, pursuant to
the Loan Agreements, the Lender is entitled to accelerate and demand immediate repayment of the entire outstanding amounts of the Bridge
Loan Amount and the New Loan Amount, together with all accrued interest thereon; and
WHEREAS, the Borrower
and the Lender wish to revise the terms of repayment of the Loan Agreements on the terms and conditions set forth herein.
parties agree as follows:
Termination of the Merger Agreement. In accordance with Section 9.1(a) of the Merger Agreement, the Parties
hereby agree to mutually terminate the Merger Agreement in its entirety effective immediately upon the execution of this Agreement by
each of the Parties, such that the Merger Agreement shall be null and void and of no further force or effect.
Repayment Terms of Loan Agreements.
Repayment of Bridge Loan Amount. Notwithstanding anything in the Bridge Loan Agreement to the contrary, the outstanding
Bridge Loan Amount and the interest of 9% per annum, compounded annually, from the effective date of the Bridge Loan Agreement, shall
be repaid by the Borrower to the Lender on January 1, 2028, in one lump-sum payment.
Repayment of New Loan. Notwithstanding anything in the New Loan Agreement to the contrary, the outstanding New Loan Amount
shall be repaid by the Borrower to the Lender on the twentieth day of each month commencing on November 20, 2025 ("First Payment"),
in monthly installments of $60,000 and the interest of 8% per annum, from the effective date of the New Loan Agreement, compounded annually,
accrued on the outstanding New Loan Amount, up to each actual payment date. In addition, together with the First Payment, Borrower shall
pay to the Lender all interest accrued on the New Loan Amount from its effective date until the First Payment, in the sum of $114,523.
Within 7 business days from the date of execution of this Agreement, the Borrower shall provide the Lender with post-dated checks in advance
for all future payments due under this Section, each check corresponding to the amount and due date of each installment. The amount in
NIS will be calculated according to the to know official rate of the US$ to the NIS at the date of furnishing the checks.
Events of Default. Notwithstanding anything to the contrary in the Loan Agreements, each of the events set forth below shall
be considered an event of default under the Loan Agreements (each, an "Event of Default" and collectively, "Events
Upon the termination of the Merger Agreement, Borrower, on its own behalf and on behalf of its principals, affiliates, subsidiaries,
directors, officers, shareholders, employees, agents, representatives, and successors and assigns of each of them, hereby
irrevocably, fully and unconditionally releases and forever discharges Lender and Merger Sub and each of its past or present
principals, affiliates, directors, officers, shareholders, employees, agents, representatives, and successors and assigns of each of
them, from and against any and all present and future claims, counterclaims, demands, actions, suits, causes of action, damages,
controversies and liabilities, including, without limitation, any costs, expenses, bills, penalties or attorneys' fees,
whether know or unknown, contingent or absolute, foreseen or unforeseen, and whether in law, equity or otherwise, that could have
been asserted in any court or forum and relating in any way to any conduct, occurrence, activity, expenditure, promise or
negotiation arising from or relating to the Merger Agreement.
Rights. For the avoidance of doubt, nothing in this Agreement shall be construed as or deemed to constitute a waiver of any
of the Lender's rights or remedies under the Loan Agreements and/or any applicable law. The Lender expressly reserves all of
its rights and claims in connection with the subject matter hereof.
Following the Effective Date, immediately upon the Lender's request (and in any event, no later than 7 business days from
receipt of Lender's request), Borrower shall deliver to the Lender all information requested by the Lender, including, without
limitation: (i) financial information, accountant and auditor reports, and any other information requested by the Lender in
connection with the filing, reviewing and auditing of the Lender's financial statements provided the Borrower is not
prohibited to furnish such information to the Lender under any law or regulation or any order issued by the ISA or the court; and
(ii) contracts, agreements, debentures, pledges, or other documents relating to the Borrower's current indebtedness, and
provide a list of its current debtholders and their crediting order. The Borrower may require, as a condition to providing the
information, that the Lender signs an obligation not to use the information for any purpose other than in connection with the
filing, reviewing and auditing of the Lender's financial statements.
This Agreement constitutes the entire agreement between the parties with respect to the subject matter hereof and supersedes all
prior agreements or understandings, whether written or oral, relating to such subject matter.
This Agreement shall be governed by and construed in accordance with the laws of the State of Israel, and the competent courts
in Jerusalem, Israel shall have exclusive jurisdiction over any dispute arising from this Agreement.
This Agreement may be executed in counterparts, each of which shall be deemed an original, and all of which together shall constitute
one and the same instrument. Signatures delivered by electronic means shall be deemed valid and binding.
[Signature page to follow]
IN WITNESS WHEREOF, the Parties have executed
and delivered this Agreement, or caused it to be executed and delivered by their duly authorized officers, as of the date first above
SciSparc Ltd.
By: /s/ Oz Adler
Name: Oz Adler
Title: Chief Executive Officer and Chief Financial Officer
SciSparc Merger Sub Ltd.
By: /s/ Oz Adler
Name: Oz Adler
Title: Director
AutoMax Motors Ltd.
By: /s/ Tomer Levy
Name: Tomer Levy
Title:
By: /s/ Udi Kalifi
Name: Udi Kalifi
Title:
[Signature page Framework Agreement]
Last updated: Oct 6, 2025