EX-10.10



 Exhibit 10.10 

FOURTH AMENDED AND RESTATED SHAREHOLDERS AGREEMENT 

OF JULY 14, 2014 
 This Fourth Amended and
Restated Shareholders Agreement (the “Fourth Amended and Restated Agreement”), is hereby entered into as of the date stated above (the “Effective Date”) by and among Argo Medical Technologies Ltd., (the
“Company”), Dr. Amit Goffer, carrying ID number 051816254 of 1 Hasifan, Tivon 36531, Israel (“Amit”), and all shareholders in the Company as of the Closing listed in Schedule A hereto (the
“Shareholders”). Each of the Company, Amit and the Shareholders shall be a “Party” hereto and collectively the “Parties”. 

WHEREAS, taking into consideration Amit’s establishment of the Company, his original shareholdings as the founder, as well as his perseverance,
leadership, vision and contribution, which have led the Company to its current achievements, and in appreciation of Amit’s founding role, the Company and the Shareholders have agreed to grant Amit certain financial assurances and benefits which
are governed by the terms of this Agreement; 
 WHEREAS, certain Parties entered into a Shareholders Agreement on December 13, 2007, which was
amended and restated on October 28, 2009, on July 26, 2011 and on September 30, 2103 (collectively, the “Shareholders Agreement”); and 

WHEREAS, the Parties wish to cancel and terminate the Shareholders Agreement and replace the Shareholders Agreement in its entirety, in effect as of
the date hereof, with this Fourth Amended and Restated Agreement; 
 NOW THEREFORE IT IS HEREBY RESOLVED AS FOLLOWS 

 

	 	1.	Preamble and Definitions 

 The preamble to this Agreement and the schedules hereto
constitute an integral part hereof. The following terms shall have the following meaning ascribed thereto. In the event that a term is not defined in this Agreement it shall have the meaning ascribed to it in the Articles of Association. 

 

							
	Agreed Percentage	 		 		 	
		 	The percentage which results from 



; where:
				
		 	a	 	=	 	Amit’s total amount of securities in the Company on the day of the Exit Event or IPO (as applicable); and
				
		 	b	 	=	 	the total amount of securities disposed by Amit, without breach of this Fourth Amended and Restated Agreement, from the Effective Date until the Exit Event or IPO (as applicable).
		
		 	For example, if Amit shall hold on the day of the Exit Event only 100 shares of the Company, and had disposed prior thereto only 20 shares of the Company, then the Agreed Percentage shall be (100/120)*6% = (0.833)*6% =
4.99%.
		
	Articles of Association	 	The Articles of Association of the Company as are in effect as of the date hereof (immediately post the closing of the Series E Preferred Share Purchase Agreement – the “Closing”).
		
	Deemed Liquidation	 	As such term is defined in the Articles of Association.
		
	Distributable Proceeds	 	As such term is defined in the Articles of Association.
		
	Exit Event	 	As such term is defined in the Articles of Association.
		
	IPO	 	As such term is defined in the Articles of Association.
		
	Liquidation	 	As such term is defined in the Articles of Association.



  
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	Merger	 		 		 	As such term is defined in the Articles of Association.
				
	Vitalife	 		 		 	As such term is defined in the Articles of Association.
				
	IHCV	 		 		 	As such term is defined in the Articles of Association.
				
	Preference E Amount	 		 		 	As such term is defined in the Articles of Association.
				
	Permitted Transferees	 		 		 	As such term is defined in the Articles of Association.


  

	 	2.	Grant in Case of an Exit Event 

 2.1 Unless Amit had earlier exercised the right set forth in
Section 3.1 hereto, upon the consummation of an Exit Event, and subject to the following provisions, the Company or the Shareholders, as the case may be, shall cause to be paid to Amit the following: 

(a) In addition to any amount of Distributable Proceeds to which Amit is entitled to on account of Amit’s holdings in the Company(“Amit’s
Pro Rata Portion of the Distributable Proceeds”), an amount that equals 1% of the Distributable Proceeds (the “Exit Bonus”); and, 

(b) If the total of the Exit Bonus and Amit’s Pro Rata Portion of the Distributable Proceeds (collectively “Amit’s Total
Distributions”), is less than the Agreed Percentage of the total Distributable Proceeds (the “Target Amount”, as such amount may be further amended pursuant to Section 2.2B below), then, and only then, in addition to
Amit’s Total Distributions, the Company or the Shareholders, as the case may be, shall cause to be paid to Amit an amount that shall equal the difference between the Target Amount and Amit’s Total Distributions; provided
however that such calculation does not include wages or any other amounts to which Amit is entitled as an employee. For the avoidance of doubt, if Amit’s Total Distributions equal or exceed the Target Amount, no additional
compensation shall be due and payable to Amit hereunder. 
 For example, assuming total Distributable Proceeds are US $1,000,000, and the Agreed Percentage
is 4.99%, then the Target Amount shall be determined as 4.99%*1,000,000 = US $49,999. 
 2.2 Any payments to Amit as per Sections 2.1(a) and, if applicable,
2.1(b), shall be made only at such time that the Preference E Amount is actually paid, and concurrently with such payment. If the Preference E Amount shall be paid in installments, then upon each such installment Amit shall receive only the
respective portion of the payments due to him, and no other amount shall become due and payable to Amit prior to payment of such respective installment of the Preference E Amount. 

2.2A. If, upon the sale of all or substantially all of the Company’s assets, all of the Company’s shareholders voluntarily decide not to withdraw
their respective share in the Distributable Proceeds which, at that time, are available for distribution pursuant to a resolution by the Board of Directors of the Company, free and clear of any limitation or encumbrances, Amit shall have the right
to withdraw Amit’s Pro Rata Portion of the Distributable Proceeds and Amit shall have no further rights pursuant to this Agreement (including as reflected in Article 16 to the Articles of Association; Amit hereby agrees that in the event of
inconsistency between the provision of this Section 2.2A and Article 16 to the Articles of Association, this Section shall prevail). 

  
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 2.2B. If, upon the sale of all or substantially all of the Company’s assets, any but not all of the
Company’s shareholders voluntarily decide not to withdraw their respective share in the Distributable Proceeds which, at that time, are available for distribution pursuant to a resolution by the Board of Directors of the Company, free and clear
of any limitation or encumbrances, Amit shall have the right to withdraw Amit’s Pro Rata Portion of the Distributable Proceeds and thereafter the Target Amount then in effect shall be recalculated as follows: 





; where 
  

			
	TA =	  	the Target Amount then in effect;
		
	x =	  	the actual amount of Distributable Proceeds that Amit withdraws pursuant to this Section 2.2B; and
		
	y =	  	Amit’s Pro Rata Portion of the Distributable Proceeds


 For example, if the Target Amount at such time is US $49,999, Amit’s Pro Rata Portion of the Distributable Proceeds
is US $40,000, and the actual amount of Distributable Proceeds that Amit withdraws pursuant to this Section 2.2B is US $15,000, then the Target Amount shall be reduced to 49,999*(1-(15,000/40,000) = 49,999*(1-0.375) = 49,999*0.625 = US
$31,249.375. 
 2.3 If any payment of the Distributable Proceeds shall be made subject to an escrow, indemnification, earn out, or any other mechanism under
which Distributable Proceeds shall be contingent (“Contingent Payment”), then the respective portion of any amount payable to Amit with respect to the Contingent Payment hereunder shall also be contingent and be made subject to the
same terms and conditions. Should the Shareholders be liable for any representations or covenants as part of the Exit Event then Amit shall be liable to the same (up to Amit’s respective portion of the Distributable Proceeds). For the avoidance
of doubt it is hereby agreed that there is no guaranty that any Contingent Payment will actually be made in which case the Shareholders and the Company shall not be liable to Amit. 

2.4 All tax liabilities in connection with any payments made to Amit shall be the sole responsibility of and be borne solely by Amit. Unless proper exemption
therefrom is provided, Company or Shareholders, as the case may be, may withhold or cause to be withheld any amounts required in connection with such tax liabilities. 
  

	3.	Grant of Cashless Options or Cashless Shares in the Company in case of an IPO 

 3.1 Unless Amit had
earlier exercised the right set forth in Section 2 hereto - if, immediately prior to the consummation of an IPO, the value of Amit’s total holdings in the Company (on a fully diluted basis) (“Amit’s Total Value”) is
less than the Agreed Percentage of the Company’s valuation set for the IPO (the “Target Value Threshold”), then immediately prior to the consummation of the IPO, Amit, at his sole option, shall be issued by the Company either
(i) options exercisable into Ordinary Shares of the Company, via cashless exercise, with immediate vesting or (ii) an amount of Ordinary Shares of the Company, via cashless exercise with immediate vesting, at an amount that shall bring
Amit’s Total Value to the Target Value Threshold (“Additional Options or Shares”). 
 For example: assuming Company valuation is US
$1,000,000, and the Agreed Percentage is 4.99%, then the Target Value Threshold shall be determined as 4.99%*1,000,000 = US $49,999. 
 3.2 All tax
liabilities in connection with the issuance or grant of Additional Options or Shares shall be sole responsibility of and be borne solely by Amit. Unless proper exemption therefrom is provided, Company may withhold or cause to be withheld any amounts
required in connection with such tax liabilities. 
  

	4.	Other Provisions 

 4.1 Amit’s rights pursuant to Section 2 and Section 3
herein are alternative and not cumulative. 
 4.2 Except to relatives of the first degree and his legal heirs (the
“Assignees”), the rights of Amit hereunder shall not be transferable or assignable. 

  
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 4.3 If, prior to an Exit Event or the consummation of an IPO, Amit shall dispose any of his
holdings in the Company absent the approval of Vitalife and IHCV, as long as they hold shares of the Company (such approval not to be unreasonably withheld), or in contradiction with the provisions of the Articles of Association then in effect, then
as of such time, Amit or his Assignees shall lose their right to receive any payments under sub-section 2.1(b) above, or rights to receive Additional Options or Shares under Section 3.1 above, as applicable. 

4.4 This Fourth Amended and Restated Agreement constitutes the full and entire agreement and understanding of the Parties with respect to the
subject matter hereof, terminates and replaces in its entirety, as of the date hereof, the Shareholders Agreement, and any other understandings in connection with the subject matter hereof. Each of the Parties hereby waives and relinquishes any and
all rights or claims under the Shareholders Agreement. The Company agrees that prior to any future amendment in or to the Articles of Association, Amit shall have the right to consult with his legal advisors. Any such amendment, to which Amit had
consented, shall be binding upon and amend the terms of this Fourth Amended and Restated Agreement. 
 4.5 The terms of this Fourth Amended
and Restated Agreement may be amended or terminated only by the mutual consent/agreement of Amit, the Company and the Parties then holding the majority of the outstanding share capital of the Company as required and entitled to amend the Articles of
Association of the Company. 
 4.6 This Fourth Amended and Restated Agreement may be executed in any number of counterparts, each of which
shall be deemed an original and enforceable against the parties actually executing such counterpart, and all of which together shall constitute one and the same instrument. 

4.7 This Fourth Amended and Restated Agreement shall be governed by and construed according to the laws of the State of Israel without regard
to the conflict of laws provisions thereof. Any dispute arising under or in relation to this Agreement shall be resolved in the competent courts of Haifa only, and each of the parties hereby submits irrevocably to the exclusive jurisdiction of such
courts. 
 [left blank - Signature pages to follow] 

  
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 [Signature Page #1 to the Fourth Amended and Restated Shareholders Agreement] 

IN WITNESS WHEREOF the Parties have duly signed this Fourth Amended and Restated Shareholders Agreement as of the date first hereinabove set forth.

  

															
	  
	 		 	  
	 		 	  

	ReWalk Robotics Ltd.	 		 	Amit Goffer	 		 	Yehiel Tal
								
	By:	 	  
	 		 		 		 		 		 	
	Title:	 	  
	 		 		 		 		 		 	
						
	  
	 		 	  
	 		 		 	
	The Technion Incubator (TIFT)	 		 	Ami Kraft	 		 		 	
								
	By:	 	  
	 		 		 		 		 		 	
	Title:	 	  
	 		 		 		 		 		 	
					
	  
	 		 	  
	 		 	  

	Israel Healthcare Ventures 2 LP Incorporated	 		 	SCP Vitalife Partners II LP	 		 	SCP Vitalife Partners (Israel) II LP
								
	By:	 	  
	 		 	By: 	 	 SCP Vitalife II Associates, L.P.
	 		 	By:	 	 SCP Vitalife II Associates, L.P.

	Title:	 	  
	 		 	By: 	 	 SCP Vitalife II GP, LTD
	 		 	By:	 	 SCP Vitalife II GP, LTD

		 		 		 	Name:	 	  
	 		 	Name:	 	  

		 		 		 	Title:	 	Director	 		 	Title:	 	Director
					
	  
	 		 	  
	 		 	  

	Vitalife Partners (Israel) LP	 		 	Vitalife Partners (Overseas) LP	 		 	Vitalife Partners (DCM) LP
								
	By:	 	  
	 		 	By:	 	  
	 		 	By:	 	  

	Title:	 	  
	 		 	Title:	 	  
	 		 	Title:	 	  

					
	  
	 		 	  
	 		 	  

	Pontifax (Israel) II L.P.	 		 	Pontifax (Israel) II - Individual Investors L.P.	 		 	Pontifax (Cayman) II L.P.
								
	By:	 	  
	 		 	By:	 	  
	 		 	By:	 	  

	Title:	 	  
	 		 	Title:	 	  
	 		 	Title:	 	  

					
	  
	 		 	  
	 		 	  

	Yaskawa Electric Corporation	 		 	Pro Seed Venture Capital Fund Ltd	 		 	Previz Ventures LP
								
	By:	 	  
	 		 	By:	 	  
	 		 	By:	 	  

	Title:	 	  
	 		 	Title:	 	  
	 		 	Title:	 	  

					
	  
	 		 	  
	 		 	  

	Joaquin Gari De Sentmenat	 		 	Technion Research & Development Foundation Ltd	 		 	Gabriel Capital Management (GP) Ltd
								
		 		 		 	By:	 	  
	 		 	By:	 	  

		 		 		 	Title:	 	  
	 		 	Title:	 	  

					
	  
	 		 	  
	 		 	  

	OurCrowd (Investment in Argo) L.P.	 		 	OurCrowd (Investment in Argo)- II) L.P.	 		 	Gabriel Capital Fund (US), L.P.
								
	By:	 	  
	 		 	By:	 	  
	 		 	By:	 	  

	Title:	 	  
	 		 	Title:	 	  
	 		 	Title:	 	  



  
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 [Signature Page #2 to the Fourth Amended and Restated Shareholders Agreement] 

IN WITNESS WHEREOF the Parties have duly signed this Fourth Amended and Restated Shareholders Agreement as of the date first hereinabove set forth.

  

															
	  
	 		  	  
	  		  	  

	Gabriel Capital Management Ltd.	 		  	Gabriel Capital Fund (Israel), L.P.	  		  	Gabriel (Gabe) Menaged
								
	By:	 	  
	 		  	By:	  	  
	  		  		  	
	Title:	 	  
	 		  	Title:	  	  
	  		  		  	
					
	  
	 		  	  
	  		  	  

	G-TEN Partners LLC	 		  	Mount Hermon Ltd	  		  	Collace Services Ltd
								
	By:	 	  
	 		  	By:	  	  
	  		  	By:	  	  

	Title:	 	  
	 		  	Title:	  	  
	  		  	Title:	  	  

					
	  
	 		  	  
	  		  	
	Core Gabriel Ltd	 		  	East Bayview Holdings LLC	  		  	 OurCrowd Israel General Partner L.P.,


on behalf of all investing OurCrowd entities

								
	By:	 	  
	 		  	By:	  	  
	  		  	By:	  	  

	Title:	 	  
	 		  	Title:	  	  
	  		  	Title:	  	  

							
	  
	 		  		  		  		  		  	
	Bearing Capital Ltd	 		  		  		  		  		  	
								
	By:	 	  
	 		  		  		  		  		  	
	Title:	 	  
	 		  		  		  		  		  	


  
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 Schedule A 

Gabriel Capital Fund (US), L.P. 
 Gabriel Capital Fund (Israel),
L.P. 
 Gabriel Capital Management Ltd. 
 Gabriel Capital
Management (GP) Ltd 
 Gabriel (Gabe) Menaged 
 G-TEN Partners
LLC 
 Mount Hermon Ltd 
 Collace Services Ltd 

Core Gabriel Ltd 
 East Bayview Holdings LLC 

Technological Incubator Founded by the Technion R&D Foundation Ltd. 

Yaskawa Electric Corporation 
 Vitalife Partners (Israel) L.P.

 Vitalife Partners (D.C.M.) L.P. 
 Vitalife Partners
(Overseas) L.P. 
 Pro-Seed Venture Capital Fund Ltd. 

Technion Research and Development Foundation Ltd. 
 SCP Vitalife
Partners II LP 
 SCP Vitalife Partners (Israel) II 
 Previz
Ventures L.P. 
 Israel Healthcare Ventures 2 LP Incorporated 

Pontifax (Cayman) L.P. 
 Pontifax (Israel) II L.P. 

Pontifax (Israel) II - Individual Investors L.P. 
 Joaquin Gari
de Sentmenat 
 OurCrowd (Investment in Argo) L.P. 
 OurCrowd
(Investment in Argo) – II) L.P. 
 OurCrowd Israel General Partner L.P., (on behalf of all investing OurCrowd entities) 

Ami Kraft 
 Yehiel Tal 

Amit Goffer 
 Bearing Capital Ltd 

  
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