What changed in this filing

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Item 1. Legal Proceedings

2022-08-15 compared with 2022-05-12 · 30 added, 58 removed, 4 unchanged (96% of the section changed)

3 unchanged sentences

harm our business.

North Empire LLC

On August 7, 2018,

we commenced an action against North Empire LLC (“North Empire”) in the Supreme Court of the State of New York, County

of New York for breach of a Securities Purchase Agreement (the “Agreement”) in which we are seeking damages in an

amount to be determined at trial, but in no event less than $616,000.

On August 2, 2018, North Empire filed a Summons with Notice against

the Company, also in the same Court, in which they allege damages in an amount of $11.4 million arising from an alleged breach of the

On September 6, 2018 North Empire filed a Notice of Discontinuance of the action it had filed on August 2, 2018.

27, 2018, North Empire filed an answer and asserted counterclaims in the action commenced by us against them, alleging that we

failed to deliver stock certificates to North Empire causing damage to North Empire in the amount of $10,958,589.

North Empire also

filed a third-party complaint against our CEO and now former Chairman of the Board asserting similar claims against them in their

individual capacities.

On October 17, 2018, we filed a reply to North Empire’s counterclaims.

On November 15, 2018, our

CEO and now former Chairman of the Board filed a motion to dismiss North Empire’s third-party complaint.

On January 6, 2020,

the Court granted the motion and dismissed the third-party complaint.

Discovery has been completed and both parties have filed motions

for summary judgment in connection with the claims and counterclaims.

On December 30, 2021, the Court denied both My Size and North Empire’s

motions for summary judgment, arguing there were factual issues to be determined at trial.

On January 26, 2022, we filed a notice

of appeal of the summary judgment decision.

The appeal must be fully perfected and filed by July 26, 2022.

On February 3, 2022, we

filed a motion to reargue the Court’s decision denying our motion for summary judgment.

On or about March 31, 2022,

North Empire filed its opposition papers to our motion to reargue.

The return date on the motion to reargue has been adjourned

to May 23, 2022.

Venture Capital Ltd.

July 5, 2021, we were served with a legal complaint filed by Fidelity Venture Capital Ltd.

and Dror Atzmon in the Magistrate’s

Court in Tel Aviv for a monetary award in an amount of NIS 1,436,679 and declaratory relief.

The plaintiffs allege that we breached

our contractual obligations to pay them for services allegedly rendered to us by the plaintiffs under a certain consulting agreement

in an amount of NIS 819,000.

Additionally, the plaintiffs allege that we should compensate them for losses allegedly incurred by

them following their investment in our shares issued under a certain private offering.

In the alternative, the plaintiffs move that

the court will declare the investment agreement void with full restitution of plaintiffs’ original investment in an amount of

NIS 1,329,650.

We filed our statement of defense on October 25, 2021.

The first court preliminary hearing was held on March 1,

Following the first preliminary hearing and the Court’s comments and recommendation, the plaintiffs filed a motion to

strike out the claim without prejudice.

On March 8, 2022 the Court ordered dismissal without prejudice of the claim.

The Court also

ruled that to the extent the plaintiffs will not move within 7 days to revise their motion do dismiss their claim “with

prejudice”, the we will be entitled to request an order for costs.

On April 11, 2022 the Court ordered the plaintiffs to pay

our costs in the amount of NIS 15,000, within 30 days.

Risk Factors.

required for a smaller reporting company.

Unregistered Sales of Equity Securities and Use of Proceeds.

Defaults Upon Senior Securities.

Mine Safety Disclosures.

On August 7, 2018, we commenced

an action against North Empire LLC (“North Empire”) in the Supreme Court of the State of New York, County of New York for

breach of a Securities Purchase Agreement (the “Agreement”) in which we are seeking damages in an amount to be determined

at trial, but in no event less than $616,000.

On August 2, 2018, North Empire filed a Summons with Notice against the Company, also in

the same Court, in which they allege damages in an amount of $11.4 million arising from an alleged breach of the Agreement.

6, 2018 North Empire filed a Notice of Discontinuance of the action it had filed on August 2, 2018.

On September 27, 2018, North Empire

filed an answer and asserted counterclaims in the action commenced by us against them, alleging that we failed to deliver stock certificates

to North Empire causing damage to North Empire in the amount of $10,958,589.

North Empire also filed a third-party complaint against our

CEO and now former Chairman of the Board asserting similar claims against them in their individual capacities.

On October 17, 2018, we

filed a reply to North Empire’s counterclaims.

On November 15, 2018, our CEO and now former Chairman of the Board filed a motion

to dismiss North Empire’s third-party complaint.

On January 6, 2020, the Court granted the motion and dismissed the third-party

Discovery has been completed and both parties have filed motions for summary judgment in connection with the claims and counterclaims.

On December 30, 2021, the Court denied both My Size and North Empire’s motions for summary judgment, arguing there were factual

issues to be determined at trial.

On January 26, 2022, we filed a notice of appeal of the summary judgment decision.

The appeal must be

fully perfected and filed by July 26, 2022.

On February 3, 2022, we filed a motion to reargue the Court’s decision denying our motion

for summary judgment.

On or about March 31, 2022, North Empire filed its opposition papers to our motion to reargue.

On or about May 20,

2022, we filed our reply papers, in further support of its motion to reargue.

That motion is now fully briefed and we are waiting on a

decision from the Court.

Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.

What changed 10-Q

Item 1. Legal Proceedings