Exhibit
2.10



Flow
of Funds Agreement



THIS
FLOW OF FUNDS AGREEMENT (this “Agreement”) is made and entered into as of April 9, 2017, by and among Goldman
Hirsh Partners Ltd. (the “Seller”), and Kitov Pharmaceuticals Holdings Ltd. an Israeli publicly traded corporation
or its Affiliated party (the "Buyer"), (each of the Seller, and the Buyer shall also be referred to as a “Party”,
and collectively as the “Parties”).



WHEREAS,
the Seller and the Buyer have entered into a Stock Purchase Agreement (the “Purchase Agreement” or the "SPA")
dated January 12, 2017 for the purchase of shares of the Seller in Tyrnovo Ltd (the "Company"); and



WHEREAS,
according to Section 2.2 to the Purchase Agreement, the Buyer was required to deposit the Cash Consideration portion of the Escrow
Amount in an Escrow Fund; and



WHEREAS,the Seller and the Buyer wish to determine the manner in which the Cash Consideration shall be transferred to the Seller ;
and



NOW,
THEREFORE, in consideration of the mutual promises and covenants set forth herein, the Parties hereby agree as follows:



(Unless
otherwise specifically defined hereunder, any capitalized term used herein shall have the definition allocated to it in the Purchase
Agreement)



| | 1. | Buyer
                                         and Seller agree and confirm that the Cash Consideration has been, and shall be, paid
                                         as follows:
| | -- | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | 1.1. | An
                                         amount of US$800,000 was paid at the Closing of the Purchase Agreement according to the
                                         provisions thereof: US$117,000 (VAT Included) were paid to Lior Tamar Investment Ltd.;
                                         and 683,000US$ were paid to the Seller and payment of such respective amounts to each
                                         of Lior Tamar Investments Ltd. and the Seller is hereby confirmed by Seller.
| | ---- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | 1.2. | An
                                         amount of US$76,050 was paid by the Buyer to Taoz– Company for Management and Holdings
                                         of Companies Ltd., on behalf of the Seller, on March 15, 2017.
| | ---- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | 1.3. | An
                                         additional amount of US$906,793 shall be paid according to the provisions and subject
                                         to the conditions of section 2 below.
| | ---- | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | 1.4. | An
                                         additional amount of US$ 217,157 shall be paid according to the provisions and subject
                                         to the conditions of section 3 below.
| | ---- | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | 2. | Within
                                         3 business days from the date of signing this Agreement, Buyer shall transfer to the
                                         Seller, or to third parties as set forth below on his behalf, amounts as follows:
| | -- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | 2.1. | An
                                         amount of US$ 175,500 (VAT included) to Lior Tamar Investments Ltd., the Seller Agent,
                                         on behalf of Seller, by wire transfer, to the bank account detailed in Exhibit
                                         ‎2.1.
| | ---- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | 2.2. | An
                                         amount equal to US$234,000 (VAT included) as the Exit Fee amount as set forth in the
                                         Yissum Exit Fee Letter, to Yissum, on behalf of Seller, by wire transfer, to the bank
                                         account detailed in the Yissum Exit Fee Letter. It is agreed between the Parties that
                                         an additional amount of US$ 46,800 (VAT included) will be released to the Seller within
                                         3 business days after the Seller will deliver to the Buyer a letter from Yissum, duly
                                         executed by Yissum, regarding the Exit Fee, in the form attached hereto as Exhibit
                                         ‎2.2 (“Yissum Exit Fee Letter”).
| | ---- | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------












| | 2.3. | An
                                         amount equal to US$ 97,058 (before VAT, if any) to the Seller, by wire transfer, to the
                                         bank account detailed in Exhibit ‎2.4 will be released to the Seller
                                         within 1 business day after the Seller will deliver to the Buyer a letter from Yissum
                                         (“Yissum”), duly executed by Yissum, regarding the postponement of
                                         payment of historical patent costs in the form attached hereto as Exhibit 2.3
                                         (“Postponement Letter”).
| | ---- | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | 2.4. | An
                                         amount equal to US$ 101,157 (the "Refunded Loan Repayment Amount")
                                         to the Company, on behalf of Seller, as refund to the Company of amounts paid to the
                                         Seller on February 2017 as repayment of a loan from the Seller to the Company. Subject
                                         to such refund of the Refunded Loan Repayment Amount, such right of the Seller for repayment
                                         by the Company of the Refunded Loan Repayment Amount, is hereby irrevocably Assigned
                                         to the Buyer.
| | ---- | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | 2.5. | An
                                         amount equal to US- $252,278 to the Seller, by wire transfer, to the bank account detailed
                                         in Exhibit ‎2.4
| | ---- | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | 3. | With
                                         respect to each payment set forth below, if relevant, subject to the condition set forth
                                         with respect to such payment below, then, an amount of up to US$ 217,157 (the
                                         “Aggregate Remaining Cash Consideration”) shall be paid by the Buyer
                                         (and which for avoidance of doubt, and notwithstanding that which is stated otherwise
                                         in the Purchase Agreement, such Aggregate Remaining Cash Consideration shall not be deposited
                                         in an Escrow Fund) at the earlier of (i) the lapse of 24 months from the date
                                         hereof or (ii) with respect to each payment set forth below, such time set forth below
                                         with respect to such payment, if applicable:
| | -- | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | 3.1. | Within
                                         3 business days from delivery by the Seller to the Buyer of a written confirmation from
                                         the Tax Authorities (Pre ruling), that there is no tax due with respect to shares issued
                                         to Dr. Hadas Reuveni, the Buyer shall pay an amount of US$ 100,000 to the Seller. In
                                         the event that during a period of 24 months, from the date hereof, a written requirement
                                         or a written claim by the Tax Authorities (“Tax Claim”) was received
                                         by TyrNovo and/or either of the Parties and/or Dr. Hadas Reuveni (“Receiving
                                         Party”), then the Receiving Party shall provide prompt notice of such Tax Claim
                                         to the Seller and shall make best efforts to enable the Seller to appeal the Tax Claim.
                                         Any peremptory Tax Claim shall be paid by the Buyer after giving the Seller an advanced
                                         written notice of such payment, and deducted from the amount of US$ 100,000 mentioned
                                         hereabove. Any payment under dispute with the Tax Authorities shall remain with the Buyer
                                         and not paid to the Seller until the appeal of the Tax Claim becomes peremptory. For
                                         avoidance of doubt it is clarified that the Seller is not obligated to apply to the Tax
                                         Authorities for the Ruling. It is agreed that the Buyer is entitled, at its sole and
                                         absolute discretion, to apply to the Tax Authorities at Buyer's expense. In such case,
                                         the Buyer shall notify the Seller with a written advanced notice before turning to the
                                         Tax Authorities, without such prior notice constituting a right of the Seller to prevent
                                         such application by the Buyer.
| | ---- | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | 3.2. | Within
                                         3 business days from delivery by the Seller to the Buyer of a written confirmation from
                                         a CPA that all payments and/or withholding amounts due to the Israel National Insurance
                                         Institute or Israeli Income Tax Authority, and any employee pension, manager’s
                                         insurance with regard to the employment of Dr. Hadas Reuveni and Dr. Lena Kupershmidt
                                         for any periods of employment ended on December 31, 2016, the Buyer shall pay an amount
                                         of US$ 50,000 to the Seller.
| | ---- | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | 3.3. | An amount
    of US$ 67,157 which shall be paid by the Buyer to the Seller at the lapse of 12 months from the date hereof Provided that no
    Additional Liabilities will be revealed. For the purpose of this Agreement, “Additional Labilities” shall
    mean any amount that any Buyer Indemnified Parties are entitled to as indemnification pursuant to the provisions of the
    Purchase Agreement.
| | ---- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



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| | 4. | Seller
                                         confirms that the Company has paid the Seller and entities related to the Seller all
                                         amounts due to them from the Company as detailed in the schedule of Company Closing Liabilities
                                         (as defined in Section 4.8 to the Purchase Agreement) and the Seller and related entities
                                         have no further claim against the Company for payments arising on account of loans and
                                         or services provided by the Seller to the Company.
| | -- | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | 5. | The
                                         Buyer shall not be required to deposit the Cash Consideration portion of the Escrow Amount
                                         or any part thereof in an Escrow Fund.
| | -- | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | 6. | This
                                         Agreement will not be amended, modified or waived in any manner without the consent in
                                         writing duly executed and delivered by each Party hereto, or any third party beneficiary
                                         hereof. No failure or delay of any Party hereto, or any third party beneficiary hereof
                                         to exercise any right or remedy given to such party under this Agreement and no custom
                                         or practice of such parties in variance with the terms hereof, will constitute a waiver
                                         of any party’s right to demand exact compliance with the terms hereof. Any written
                                         waiver will be limited to those items specifically waived therein and will not be deemed
                                         to waive any future breaches or violations or other non-specified breaches or violations
                                         unless, and to the extent, expressly set forth therein.
| | -- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | 7. | The
                                         provisions of this Agreement will be deemed severable and the invalidity, unlawfulness
                                         or unenforceability of any provision will not affect the validity or enforceability of
                                         the other provisions hereof, and the remainder of this Agreement, and the application
                                         of such provision to persons or circumstances other than those as to which it is determined
                                         to be invalid, unlawful, or unenforceable, shall not be impaired or otherwise affected
                                         and shall continue to be valid and enforceable to the fullest extent permitted by law
                                         so long as the economic or legal substance of the transactions contemplated hereby is
                                         not affected in any manner materially adverse to any Party or other person. If the final
                                         judgment of a court of competent jurisdiction or other Governmental Authority declares
                                         that any term or provision hereof is invalid, illegal or unenforceable, the Parties agree
                                         that the court making such determination will have the power to reduce the scope, duration,
                                         area or applicability of the term or provision, to delete specific words or phrases,
                                         or to replace any invalid, illegal or unenforceable term or provision with a term or
                                         provision that is valid, legal and enforceable and that comes closest to expressing the
                                         intention of the invalid, illegal or unenforceable term or provision.
| | -- | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | 8. | This
                                         Agreement will be construed and enforced in accordance with, and will be governed exclusively
                                         by, the internal laws of the State of Israel, without giving effect to any Law or rule
                                         that would cause the Laws of any jurisdiction other than the State of Israel to be applied.
                                         The competent courts of Tel-Aviv, Israel shall have exclusive jurisdiction in all matters
                                         relating to any dispute arising out of or relating to this Agreement, or the breach thereof,
                                         to the exclusion of any other jurisdiction.
| | -- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | 9. | The
                                         Parties have participated jointly in the negotiation and drafting of this Agreement;
                                         in the event an ambiguity or question of intent or interpretation arises, this Agreement
                                         will be construed as if drafted jointly by the Parties, and no presumption or burden
                                         of proof will arise favoring or disfavoring any Party by virtue of the authorship of
                                         any of the provisions hereof and the language used will be deemed to be the language
                                         chosen by the Parties to express their mutual intent.
| | -- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | 10. | This
                                         Agreement may be executed simultaneously in counterparts, each of which will be deemed
                                         an original but all of which together will constitute one and the same instrument. This
                                         Agreement and any amendments hereto or thereto, to the extent signed and delivered by
                                         means of electronic transmission of .pdf files or other image files via e-mail, cloud-based
                                         transfer or file transfer protocol, or use of a facsimile machine, will be treated in
                                         all manners and respects and for all purposes as an original agreement or instrument
                                         and will be considered to have the same binding legal effect as if it were the original
                                         signed version thereof delivered in person. No party to any such agreement or instrument
                                         will raise the use of electronic transmission or a facsimile machine to deliver a signature
                                         or the fact that any signature or agreement or instrument was transmitted or communicated
                                         through the use of electronic transmission or a facsimile machine as a defense to the
                                         formation or enforceability of a contract, and each such party forever waives any such
                                         defense.
| | --- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



3







IN
WITNESS WHEREOF the parties have signed this Agreement as of the date first hereinabove set forth.



|KITOV
    PHARMACEUTICALS HOLDINGS LTD. |                                                                                                                                                                                                                                                                                           
|--------------------------------------- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|                                        |                                                                                                                                                                                                                                                                                           
|By:                                     | /s/
                                         Isaac Israel and
        
        /s/
        Simcha Rock                                                                                                                                                                                    
|Title:                                  | CEO
        
        CFO                                                                                                                                                                                                                                                                  
|                                        |                                                                                                                                                                                                                                                                                           
|Address                                 | One
Azrieli Center, Round Tower, 
23rd Floor
        132
        Menachem Begin Road
        
        Tel
        Aviv 6701101, Israel
        
        Telephone:
        +972-3-9333121
        
        Mobile:
        +972-54-8679966
        
        Fax:
        +972-153-39311321
|                                        |                                                                                                                                                                                                                                                                                           
|GOLDMAN
        HIRSH PARTNERS LTD.     |                                                                                                                                                                                                                                                                                           
|                                        |                                                                                                                                                                                                                                                                                           
|By:                                     | /s/                                                                                                                                                                                                                                                                                       
|Title:                                  |                                                                                                                                                                                                                                                                                           
|Address                                 | Abba
                                         Even 1, Herzliya Pituach, Israel
        
        Attention:
        Gil Pogozelich
        
        Fax:
        972-9-7711805
        
        email:gil@goldman-hirsh.com                                                                





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