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Related Parties
 12 Months Ended
Dec. 31, 2020
Related Party Transactions [Abstract]  
Related Parties

NOTE 17 – RELATED PARTIES

 

A. Transactions and balances with related parties

 

    Year ended December 31  
    2020     2019  
             
General and administrative expenses:                
Directors compensation     380,756       295,088  
Salaries and fees to officers     336,433       358,370  
Consultants and other fees     52,331       -  
      (*) 769,520       (*) 653,458  
                 
(*) share based compensation     394,756       272,077  
                 
Research and development expenses:                
Salaries and fees to officers     25,301       116,692  

 

B. Balances with related parties and officers:

 

Other accounts payables     424,515       199,983  

 

C. Other information:

 

  A. On November 5, 2020, the board of directors of the Company appointed Mr. David Palach, to serve as co-Chief Executive Officer of the Company, effective as of the same date. In connection with Mr. Palach’s appointment, the parties entered into a Consulting Agreement pursuant to which the Company and Mr. Palach agreed upon, inter alia, the following engagement terms: (a) a monthly retainer of $8,000, and (b) a grant of options to purchase shares of the Company’s common stock, which amount shall be determined by the Board on a future date.

 

  B. On October 10, 2018 the Board of directors of Save Foods Ltd. approved to engage in consulting agreements with Amir Uziel Economic Consultant Ltd (a company controlled by Amir Uziel) and with L.A Pure Capital Ltd (a company controlled by Kfir Zilberman) at a monthly fee of $1,500.

 

  C. On October 10, 2018 the Board of directors of Save Foods Ltd. approved a monthly directors fee of $1,500 to Itzhak Shrem.