Document:

ex_132215.htm

Exhibit 10.1

 

GAMES REVENUE SHARE AND STOCK REPURCHASE AGREEMENT

 

This Games Revenue Share and Stock Repurchase Agreement (this “Agreement”) is made as of December 28, 2018 by and among TapGames, a Pakistani Registered Firm as Partnership, of 14 D , L Block Gulberg 3 Lahore, Pakistan (hereinafter “TapGames” which expression shall be deemed to include successors in interest, legal heirs and assigns), Khurram Samad an individual who may receive Notice care of GeniTeam, House #14D, Block L, Main Ferozepur Road, Gulberg III, Lahore, Pakistan, Rizwan Yousuf an individual who may receive Notice care of GeniTeam, House #14D, Block L, Main Ferozepur Road, Gulberg III, Lahore, Pakistan, Tapinator, Inc., an American corporation duly registered and incorporated in the State of Delaware, having its office address at 110 West 40th St., Suite 1902 New York, NY, 10018 USA (hereinafter “Tapinator” which expression shall be deemed to include affiliates, successors in interest and permitted assigns) and Tap2Play, LLC, an American limited liability company duly registered in the State of Colorado and a wholly-owned subsidiary of Tapinator, having its office address at 110 West 40th St., Suite 1902 New York, NY, 10018 USA (hereinafter “Tap2Play” which expression shall be deemed to include affiliates, successors in interest and permitted assigns).

 

(The parties hereto may be referred to as “Party” individually or “Parties” jointly)

 

BACKGROUND

  

WHEREAS TapGames is a business entity representing the interests of Khurram Samad, GenITeam and others, managed by Rizwan Yousuf, with Khurram Samad and Umer Khan being the main investors in TapGames.

  

AND WHEREAS Khurram Samad is also a shareholder in Tapinator and currently owns 15,292,891 common shares.

 

AND WHEREAS Tapinator is in the business of developing and publishing mobile games; and

 

AND WHEREAS Tapinator desires to transfer certain economic benefits with respect to Tapinator’s Rapid Launch Games identified on Annex A hereto (the “Subject Games”) to TapGames in exchange for the repurchase of 7,646,446 common shares (the “Repurchased Shares”) held by Khurram Samad pursuant to the terms and conditions of this Agreement.

 

NOW, THEREFORE, in consideration of the mutual promises and covenants contained herein and other good and valuable consideration, the parties hereto agree as follows:

 

AGREEMENT

 

	 	
			I.

				
			DEFINITIONS

			
	 	
			 

				
			 

			
	 	
			 

				
			In this Agreement, the following expressions have the following meanings (except where the context requires otherwise):

			

 

	 	
			a.

				
			“Confidential Information” shall mean all information relating to the business of TapGames or Tapinator, including without limitation, unreleased information regarding the Subject Games, the Subject Games’ source code and technologies relating thereto or embodied therein, the identity of their arrangements with any person or entity, manufacturing sources, financial information of either Party, including pricing and cost information, the Subject Games or plans for the Subject Games, and marketing plans, materials and other information directly related to or incidental to the Subject Games. Confidential Information shall not include any information which: (i) is or becomes generally known to the public by any means other than a breach of the obligations of the receiving party; (ii) was previously known to the receiving party or rightly received by the receiving party from a third party; (iii) is independently developed by the receiving party; or (iv) is subject to disclosure under court order or other lawful process. For purposes of clarity, Confidential Information does not include press releases or other promotional and/or marketing distributions made by either party relating to the Subject Games, provided that such documents do not contain information that would otherwise be Confidential Information.

			

 

1

 

 

	 	
			b.

				
			“Intellectual Properties” or “ Intellectual Property Rights” shall mean any and all (by whatever name or term known or designated) tangible and intangible and now known or hereafter existing: (a) rights associated with works of authorship anywhere in the world, including, but not limited to, copyrights (including without limitation, the sole and exclusive right to prepare derivative works of the copyrighted work and to copy, manufacture, reproduce, distribute copies of, modify, perform and display the copyrighted work and all derivative works thereof), moral rights (including without limitation any right to identification of authorship and any limitation on any subsequent modification) and mask-works; (b) rights in and relating to the protection of trademarks, service marks, trade names, goodwill, rights of publicity, merchandising rights, advertising rights and similar rights; (c) rights in and relating to the protection of trade secrets and confidential information; (d) source code, patents, designs, algorithms and other industrial property rights and rights associated therewith; (e) other intellectual and industrial property and proprietary rights (of every kind and nature anywhere in the world throughout the universe and however designated) relating to intangible property that are analogous to any of the foregoing rights (including without limitation logos, rental rights and rights to remuneration), whether arising by operation of law, contract, license or otherwise; (f) registrations, applications, renewals, extensions, continuations, divisions or reissues thereof now or hereafter in force throughout the world (including without limitation rights in any of the foregoing); and (g) rights in and relating to the sole and exclusive possession, ownership and use of any of the foregoing throughout the world, including without limitation, the right to license and sublicense, assign, pledge, mortgage, sell, transfer, convey, grant, gift over, divide, partition and use (or not use) in any way any of the foregoing now or hereafter (including without limitation any claims and causes of action of any kind with respect to, and any other rights relating to the enforcement of, any of the foregoing).

			

 

	 	
			II.

				
			TERM

			
	 	
			 

				
			 

			
	 	
			 

				
			The Agreement shall be deemed to be effective as of January 1, 2019 (the “Effective Date”) and shall remain in force unless terminated as provided herein below or otherwise modified or renewed by the Parties hereto.

			
	 	 	
			 

			
	 	
			III.

				
			SUBJECT GAMES, REVENUE SPLIT AND COSTS

			

 

	 	
			a.

				
			Upon the execution of this Agreement, Tapinator shall transfer the Subject Games on Annex A hereto to the Google Play and iOS developer accounts maintained by Tap2Play. The Subject Games identified as “Amazon Games” on Annex A hereto shall remain in the current Tapinator Amazon developer account; provided, however, subsequent to the Effective Date, Tapinator may in its sole discretion elect to transfer the “Amazon Games” to the Amazon developer account maintained by Tap2Play.

			

  

2

 

 

	 	
			b.

				
			During the term of this Agreement, all revenue net of any and all third-party platform fees derived from the Subject Games will be shared as follows:

			

 

	 	
			i.

				
			TapGames: 60 percent

			
	 	
			 

				
			 

			
	 	
			ii.

				
			Tapinator: 40 percent

			

 

	 	
			c.

				
			For the purposes of the revenue calculation set forth in Section III.b. above, revenue shall include all revenue derived from the Subject Games which results from the Subject Games being published on other platforms, including but not limited to, Facebook Instant Games or Google Instant Games. 

			

 

	 	
			d.

				
			The Subject Games shall include any and all updates to the Subject Games made by TapGames subsequent to the Effective Date.

			

 

	 	
			e.

				
			As of the Effective Date, Tapinator shall not be responsible for any updates relating to the Subject Games or any other maintenance expenses whatsoever relating to the Subject Games, including but not limited to any advertising or marketing expenses relating to the Subject Games. In the event Tapinator does incur any expenses of the type set forth in the preceding sentence, Tapinator shall be entitled to reduce all such expenses from any amounts Tapinator owes to TapGames pursuant to the Section III.b. above.

			

 

	 	
			f.

				
			As of the Effective Date, TapGames shall agree to commit up funds as it sees fit for updates and maintenance expenses relating to the Subject Games, including advertising or marketing expenses relating to the Subject Games.

			
	 	 	 
	 	
			g.

				
			The Parties shall provide each other with viewable access to online administrative panels associated with the revenue monetization of the Subject Games.

			
	 	 	 
	 	
			h.

				
			Tapinator shall keep all of its accounting and banking records with respect to its obligations under this Agreement for no less than three years for the date of a specific payment obligation under this Agreement.

			

 

	 	
			IV.

				
			REPURCHASE OF THE REPURCHASED SHARES

			

 

	 	
			a.

				
			As of the Effective Date and in consideration of the transfer of the Subject Games described in Section 3 above, Khurram Samad hereby agrees to sell, assign and transfer to Tapinator, and Tapinator hereby agrees to repurchase from Khurram Samad, all of Khurram Samad’s right, title and interest in and to the Repurchased Shares. Khurram Samad acknowledges and agrees that he individually will receive a material benefit from the terms and conditions of this Agreement as a result of his ownership in TapGames. Tapinator and Khurram Samad agree that, as of the Effective Date, all of the Repurchased Shares will be deemed cancelled in full and of no further force or effect. Khurram Samad agrees to return the original stock certificate representing the Repurchased Shares to Tapinator’s transfer agent upon the execution of this Agreement with written instructions reasonable satisfactory to Tapinator to cancel the original stock certificate in the amount representing the Repurchased Shares as of the Effective Date. Tapinator shall cause its transfer agent to issue a new original stock certificate in the name of Khurram Samad for the amount of 7,646,445 common shares and deliver such original stock certificate to Khurram Samad within ten days of the Effective Date. As of the Effective Date, the Repurchased Shares shall cease to be outstanding for any and all purposes, and Khurram Samad shall no longer have any rights whatsoever as a holder of the Repurchased Shares, including any rights that he may have had under Tapinator’s Certificate of Incorporation (as amended), Bylaws, or otherwise.

			
	 	 	 
	 	
			b.

				
			As of the Effective Date, the Repurchased Shares shall cease to be outstanding for any and all purposes, and Khurram Samad shall no longer have any rights whatsoever as a holder of the Repurchased Shares, including any rights that he may have had under Tapinator’s Certificate of Incorporation (as amended), Bylaws, or otherwise.

			

 

3

 

 

	 	
			c.

				
			Khurram Samad has good and marketable right, title and interest (legal and beneficial) in and to all of the Repurchased Shares, free and clear of all liens, pledges, security interests, charges, claims, equity or encumbrances of any kind. Upon paying for the Repurchased Shares in accordance with this Agreement, Tapinator will acquire good and marketable title to the Repurchased Shares, free and clear of all liens, pledges, security interests, charges, claims, equity or encumbrances of any kind.

			

 

	 	
			d.

				
			Khurram Samad has all necessary power and authority to execute, deliver and perform Khurram Samad’s obligations under this Agreement and all agreements, instruments and documents contemplated hereby and to sell and deliver the Repurchased Shares being sold hereunder, and this Agreement constitutes a valid and binding obligation of Khurram Samad.

			

 

	 	
			e.

				
			The execution and delivery of this Agreement and the consummation of the transactions contemplated hereby will not result in a breach by Khurram Samad of, or constitute a default by Khurram Samad under, any agreement, instrument, decree, judgment or order to which Khurram Samad is a party or by which Khurram Samad may be bound.

			
	 	 	 
	 	
			f.

				
			By reason of Khurram Samad’s business or financial experience or the business or financial experience of Khurram Samad’s professional advisers who are unaffiliated with Tapinator and who are not compensated by Tapinator, Khurram Samad has the capacity to protect Khurram Samad’s own interests in connection with the sale of the Repurchased Shares to Tapinator. Khurram Samad is capable of evaluating the potential risks and benefits of the sale hereunder of the Repurchased Shares.

			

 

	 	
			g.

				
			Khurram Samad has received all of the information that Khurram Samad considers necessary or appropriate for deciding whether to sell the Repurchased Shares hereunder and perform the other transactions contemplated hereby. Khurram Samad further represents that Khurram Samad has had an opportunity to review all publicly available information regarding the business, properties, prospects and financial condition of Tapinator.

			

 

	 	
			h.

				
			Khurram Samad acknowledges that Khurram Samad will have no future participation in any of Tapinator’s gains, losses, profits, dividends or distributions with respect to the Repurchased Shares. If the Repurchased Shares increase in value by any means, Khurram Samad acknowledges that Khurram Samad is voluntarily forfeiting and waiving any opportunity to share in any resulting increase in value from the Repurchased Shares.

			

 

	 	
			i.

				
			Khurram Samad has had an opportunity to review with Khurram Samad’s tax advisers the federal, state, local and foreign tax consequences of the Repurchase and the transactions contemplated by this Agreement. Khurram Samad is relying solely on such advisers and not on any statements or representations of Tapinator or any of its agents. Khurram Samad understands that Khurram Samad (and not Tapinator) shall be responsible for Khurram Samad’s tax liability and any related interest and penalties that may arise as a result of the transactions contemplated by this Agreement.

			

 

4

 

 

	 	
			V.

				
			METHOD OF PAYMENT

			

  

	 	
			a.

				
			Any and all payments under this Agreement by Tapinator shall be made in US Dollars, by wire transfer to the account designated by TapGames or in such other method as may be mutually agreed between the Parties. Each Party shall be solely responsible for any and all foreign or United States taxes, Social Security contributions or payments, disability insurance, unemployment taxes, and other payroll type taxes applicable to such compensation, if any, which are required to be paid under this Agreement.

			

  

	 	
			b.

				
			Any invoice submitted to Tapinator by TapGames and approved by Tapinator has to be cleared within the time period of fifteen (15) days from receipt by Tapinator of the cash corresponding to the revenue underlying such revenue. In the event payment is delayed by Tapinator for more than thirty days (30) days under this Agreement, Tapinator shall pay the delay interest of 1.0 percent per month on such delayed amount for each day of delay until the full payment is made.

			

  

	 	
			VI.

				
			INTELLECTUAL PROPERTY

			

  

	 	
			a.

				
			The Intellectual Property Rights for the Subject Games shall remain vested exclusively with Tapinator, which TapGames will use under exclusive licenses through the Agreement

			

 

	 	
			b.

				
			The Subject Games may be modified by TapGames at its sole expense to incorporate current or future available technologies without the formal written consent of Tapinator.

			

 

	 	
			VII.

				
			DISPUTE RESOLUTION

			

  

	 	
			a.

				
			Any dispute, controversy or claim arising out of or relating in any way to the Agreement or Previous Agreements including without limitation any dispute concerning the construction, validity, interpretation, enforceability or breach of the Agreement, shall be exclusively resolved by binding arbitration upon a Party’s submission of the dispute to arbitration. In the event of a dispute, controversy or claim arising out of or relating in any way to Agreement, the complaining Party shall notify the other Party in writing thereof. Within thirty (30) days of such notice, the representatives of both Parties shall meet at an agreed location to attempt to resolve the dispute in good faith. Should the dispute not be resolved within thirty (30) days after such notice, the complaining Party shall seek remedies exclusively through arbitration.

			 

			For purposes of clarity and except as specifically modified by the terms of this Agreement, this Article VII in no way governs any dispute, controversy, or claim arising out of or relating in any way (whether existing in the past, currently, or in the future) to Khurram Samad’s equity interest in and/or officer positions held with Tapinator and/or any of its subsidiaries, including but not limited to claims arising out of the Securities Exchange Agreement dated June 16, 2014 between Tapinator LLC, The members of Tapinator LLC including Khurram Samad, and Tapinator, Inc. or Article IV of this Agreement (collectively, the “Excluded Claims”). Any such Excluded Claims shall be governed by the Delaware Rapid Arbitration Act, Title 10, Chapter 58 of the Delaware Code.

			

  

5

 

 

	 	
			b.

				
			Any dispute arising out of or in connection with this contract, including any question regarding its existence, validity or termination, shall be referred to and finally resolved by arbitration under the London Court of International Arbitration (“LCIA”) Rules, which Rules are deemed to be incorporated by reference into this clause.

			

 

	 	
			i.

				
			The number of arbitrators shall be one.

			
	 	
			 

				
			 

			
	 	
			ii.

				
			The seat, or legal place, of arbitration shall be London, United Kingdom.

			
	 	
			 

				
			 

			
	 	
			iii.

				
			The language to be used in the arbitral proceedings shall be English.

			
	 	
			 

				
			 

			
	 	
			iv.

				
			The governing law of the contract shall be the substantive law of England and Wales without regard to its conflict of laws principles.

			

 

	 	
			VIII.

				
			CONFIDENTIALITY

			

   

	
			 

				
			Subject to Section XII.c. below, neither party shall disclose to any third party the business of the other party to this Agreement, details regarding the Subject Games, including, without limitation any information regarding the Subject Games’ source code, the specifications, or any other Confidential Information, (ii) make copies of any Confidential Information or any content based on the concepts contained within the Confidential Information for personal use or for distribution unless requested to do so by the party providing the Confidential Information, or (iii) use Confidential Information other than solely for the legitimate benefit under this Agreement.

			

  

	 	
			IX.

				
			LIMITATION OF LIABILITY

			

   

	 	
			a.

				
			The Subject Games are transferred by Tapinator as is. Tapinator shall not be liable for any general, special, incidental or consequential damages including, but not limited to, loss of production, loss of profits, loss of revenues, loss of data, or any other business or economic disadvantage suffered by TapGames; provided, however, this limitation will not apply in the event there exists any gross negligence or intentional misconduct by Tapinator with respect to any of its actions under this Agreement.

			

 

	 	
			b.

				
			Tapinator makes no warranty expressed or implied regarding the fitness of the Subject Games for a particular purpose or that the Subject Games will be suitable or appropriate for the specific requirements of Tapinator. Tapinator does not warrant that use of the Subject Games will be uninterrupted or error-free. TapGames accepts that games in general are prone to bugs and flaws within an acceptable level as determined in the industry.

			

  

	 	
			 X.

				
			TERMINATION

			

     

	 	
			a.

				
			Either Party may terminate this Agreement in its entirety upon a material breach by the other party of any term, condition, covenant, representation or warranty set forth in this Agreement that remains uncured sixty (60) days after receipt of written notice thereof.

			

 

	 	
			b.

				
			The termination envisaged hereunder shall have no effect on any other agreements between the Parties.

			

  

6

 

 

	 	
			XI.

				
			NO MODIFICATION UNLESS IN WRITING. No modification of this Agreement shall be valid unless in writing and agreed upon by both Parties.

			

 

	 	
			XII.

				
			MISCELLANEOUS

			

     

	 	
			a.

				
			Costs and Lawyers’ Fees. In the event that any party institutes any legal suit, action, or proceeding including arbitration, against the other party to enforce the covenants contained in this Agreement or obtain any other remedy in respect of any breach of this Agreement arising out of or relating to this Agreement, the prevailing party in the suit, action or proceeding shall be entitled to receive, in addition to all other damages to which it may be entitled, the costs incurred by such party in conducting the suit, action, or proceeding, including actual lawyers’ fees and expenses and court costs.

			

 

	 	
			b.

				
			Further Assurances. Each of the parties hereto shall, and shall cause their respective affiliates to, execute and deliver such additional documents, instruments, conveyances, and assurances and take such further actions as may be reasonably required to carry out the provisions hereof and give effect to the transactions contemplated hereby.

			

 

	 	
			c.

				
			Public Announcements. Unless otherwise required by applicable law, governing regulatory body, or stock exchange requirements (based upon the reasonable advice of counsel), no party to this Agreement shall make any public announcements in respect of this Agreement or the transactions contemplated hereby or otherwise communicate with any news media without the prior written consent of the other party (which consent shall not be unreasonably withheld, conditioned, or delayed), and the parties shall cooperate as to the timing and contents of any such announcement; provided, however, (i) the parties shall have the rights to promote the Subject Games as contemplated in the definition of Confidential Information and (ii) Tapinator shall within four trading days immediately following the execution of this Agreement file a Current Report on Form 8-K with the Securities and Exchange Commission and may issue a press release disclosing the material terms of the transactions contemplated under this Agreement.

			

 

	 	
			d.

				
			Notices (Short-Form). All notices, requests, consents, claims, demands, waivers, and other communications hereunder (each, a “Notice”) shall be in writing and addressed to the parties at the addresses set forth on the first page of this Agreement (or to such other address that may be designated by the receiving party from time to time in accordance with this Section). All Notices shall be delivered by personal delivery, nationally recognized overnight courier (with all fees pre-paid), facsimile or email (with confirmation of transmission) or certified or registered mail (in each case, return receipt requested, postage pre-paid). Except as otherwise provided in this Agreement, a Notice is effective only (a) upon receipt by the receiving party, and (b) if the party giving the Notice has complied with the requirements of this Section.

			

 

	 	
			e.

				
			Relationship of Parties. In the performance of this Agreement, each party is acting independently and is not an agent or representative of the other party. Neither party has any authority to transact any business in the name of or on account of the other party or otherwise obligate the other party in any manner. This Agreement does not constitute a partnership, agency, joint marketing effort, co-marketing effort, teaming arrangement or joint venture.

			

 

7

 

 

	 	
			f.

				
			Interpretation: For purposes of this Agreement, (a) the words “include,” “includes,” and “including” are deemed to be followed by the words “without limitation”; (b) the word “or” is not exclusive; and (c) the words “herein,” “hereof,” “hereby,” “hereto,” and “hereunder” refer to this Agreement as a whole. Unless the context otherwise requires, references herein: (d) to sections, schedules, annexes and exhibits mean the sections of, and schedules and exhibits attached to, this Agreement; (e) to an agreement, instrument, or other document means such agreement, instrument, or other document as amended, supplemented, and modified from time to time to the extent permitted by the provisions thereof; and (f) to a statute means such statute as amended from time to time and includes any successor legislation thereto and any regulations promulgated there under. This Agreement shall be construed without regard to any presumption or rule requiring construction or interpretation against the party drafting an instrument or causing any instrument to be drafted. The schedules and exhibits referred to herein shall be construed with, and as an integral part of, this Agreement to the same extent as if they were set forth verbatim herein.

			

 

	 	
			g.

				
			Headings. The headings in this Agreement are for reference only and shall not affect the interpretation of this Agreement

			

 

	 	
			h.

				
			Severability. If any term or provision of this Agreement is invalid, illegal, or unenforceable in any jurisdiction, such invalidity, illegality, or unenforceability shall not affect any other term or provision of this Agreement or invalidate or render unenforceable such term or provision in any other jurisdiction. Upon such determination that any term or other provision is invalid, illegal, or unenforceable, the parties hereto shall negotiate in good faith to modify this Agreement so as to effect the original intent of the parties as closely as possible in a mutually acceptable manner in order that the transactions contemplated hereby be consummated as originally contemplated to the greatest extent possible.

			

  

	 	
			i.

				
			Entire Agreement. This Agreement together with any other documents incorporated herein by reference and all related annexures exhibits and schedules, constitutes the sole and entire agreement of the parties to this Agreement with respect to the subject matter contained herein and therein, and supersedes all prior and contemporaneous understandings, agreements, representations, and warranties, both written and oral, with respect to such subject matter. In the event of any inconsistency between the statements in the body of this Agreement, and the Previous Agreements and the related annexures exhibits and schedules (other than an exception expressly set forth as such in the schedules), the statements in the body of this Agreement shall control (except as other provided in this Agreement).

			

 

	 	
			j.

				
			No Third-Party Beneficiaries. This Agreement is for the sole benefit of the parties hereto and their respective successors and permitted assigns and nothing herein, express or implied, is intended to or shall confer upon any other person or entity any legal or equitable right, benefit, or remedy of any nature whatsoever under or by reason of this Agreement, unless otherwise specified in this Agreement; provided, however, that in the case of a sale of substantially all of Tapinator’s assets, merger, change of control or other corporate reorganization of Tapinator, Tapinator shall have the right to transfer the license to the Subject Games and this Agreement to the acquirer without the consent, written or otherwise, of TapGames.

			

  

	 	
			k.

				
			Cumulative Remedies. The rights and remedies under this Agreement are cumulative and are in addition to and not in substitution for any other rights and remedies available at law or in equity or otherwise, except to the extent expressly provided in this Agreement.

			

 

 

[SIGNATURE PAGE FOLLOWS]

 

8

 

 

IN WITNESS WHEREOF, the parties hereto have caused this Games Revenue Share and Stock Repurchase Agreement to be duly executed as of the day and year first written above.

 

 

 

	
			/s/ Rizwan Yousu__________________ 

			Rizwan Yousuf, on behalf of TapGames 

			 

			 

			 

			 

			/s/ Khurram Samad________________ 

			Khurram Samad, individually               

			 

			 

			 

			 

			/s/ Ilya Nikolayev___________________ 

			Ilya Nikolayev, on behalf of Tap2Play

				
			/s/ Ilya Nikolayev__________________

			Ilya Nikolayev, on behalf of Tapinator 

			 

			 

			 

			 

			/s/ Rizwan Yousuf_________________

			Rizwan Yousuf, individually

			

   

9

 

 

	
			ANNEX A

			
	
			SUBJECT GAMES*

			
	 	 	 	 	 	 	 
	
			TAPM Game #

				
			iOS Title

				 	
			Google Play Title

				 	
			Amazon Title

			
	
			AA

				 	
			Angry Anaconda

				 	
			Angry Anaconda

				 	
			Angry Anaconda

			
	
			AC

				 	
			Angry Cheetah Simulator 3D

				 	
			Angry Cheetah Simulator 3D

				 	
			Angry Cheetah Simulator 3D

			
	
			AD

				 	
			Amazing Mini Driver 3D

				 	
			Amazing Mini Driver 3D

				 	
			Amazing Mini Driver 3D

			
	
			AE

				 	
			Angry Elephant Attack

				 	
			Angry Elephant Attack

				 	
			Angry Elephant Attack

			
	
			AG

				 	
			Angry Tiger Revenge 2016

				 	
			Angry Tiger Revenge 2016

				 	
			Angry Tiger Revenge 2016

			
	
			AL

				 	
			Angry Bull 2016

				 	
			Angry Bull 2016

				 	
			Angry Bull 2016

			
	
			AM

				 	
			Ambulance Rescue

				 	
			Ambulance Rescue

				 	
			Ambulance Doctor

			
	
			AO

				 	
			Airport Police Dog Duty Sim

				 	
			Airport Police Dog Duty Sim

				 	
			Airport Police Dog Duty Sim

			
	
			AK

				 	
			Angry Shark Revenge

				 	
			Angry Shark Revenge

				 	
			Angry Shark Revenge

			
	
			AS

				 	
			Angry Shark

				 	
			Angry Shark

				 	
			Angry Shark

			
	
			AU

				 	
			Angry Buffalo Attack 3D

				 	
			Angry Buffalo Attack 3D

				 	
			Angry Buffalo Attack 3D

			
	
			AW

				 	
			Angry Wolf Simulator

				 	
			Angry Wolf Simulator

				 	
			Angry Wolf Simulator

			
	
			BC

				 	
			Beach Bike Stunts 2016

				 	
			Beach Bike Stunts 2016

				 	
			Beach Bike Stunts 2016

			
	
			BE

				 	
			Angry Bear Attack

				 	
			Angry Bear Attack

				 	
			Angry Bear Attack

			
	
			BG

				 	
			Angry Bull Revenge

				 	
			Angry Bull Revenge

				 	
			Angry Bull Revenge

			
	
			BH

				 	
			Bus Driver 3D : Hill Station

				 	
			Bus Driver 3D : Hill Station

				 	
			Bus Driver 3D : Hill Station

			
	
			BI

				 	
			Beasts of Ice Age

				 	
			Beasts of Ice Age

				 	
			Beasts of Ice Age

			
	
			BK

				 	
			Bike Racing Stunts

				 	
			Bike Racing Stunts

				 	
			Bike Racing Stunts

			
	
			BL

				 	
			Angry Bull

				 	
			Angry Bull

				 	
			Angry Bull Simulator

			
	
			BM

				 	
			City Bus Driving Mania 3D

				 	
			City Bus Driving Mania 3D

				 	
			City Bus Driving Mania 3D

			
	
			BR

				 	
			Bike Ride and Park

				 	
			Bike Ride and Park

				 	
			Bike Ride and Park

			
	
			BV

				 	
			Bear Revenge

				 	
			Bear Revenge

				 	
			Bear Revenge

			
	
			BO

				 	
			Border Police Adventure Sim 3D

				 	
			Border Police Adventure Sim 3D

				 	
			Border Police Adventure Sim 3D

			
	
			HF

				 	
			Hill Farmer Sim 3D

				 	
			Hill Farmer Sim 3D

				 	
			Hill Farmer Sim 3D

			
	
			RD

				 	
			RoofTop Demolition Derby 3D

				 	
			RoofTop Demolition Derby 3D

				 	
			RoofTop Demolition Derby 3D

			
	
			CA

				 	
			Crocodile Attack 2016 / 2017

				 	
			Crocodile Attack 2016 / 2017

				 	
			Crocodile Attack 2016 / 2017

			
	
			CB

				 	
			Crazy Biker

				 	
			Crazy Biker

				 	
			Crazy Biker

			
	
			CE

				 	
			Angry Cecil: A Lion's Revenge

				 	
			Angry Cecil: A Lion's Revenge

				 	
			Angry Cecil: A Lion's Revenge

			
	
			CF

				 	
			Cat Frenzy

				 	
			Cat Frenzy

				 	
			Cat Frenzy

			
	
			CG

				 	
			Crazy Goat in Town

				 	
			Crazy Goat in Town

				 	
			Crazy Goat in Town

			
	
			CK

				 	
			City Biker 3D

				 	
			City Biker 3D

				 	
			City Biker 3D

			
	
			CD

				 	
			Cop Duty

				 	
			Cop Duty

				 	
			Cop Duty

			
	
			CJ

				 	
			Crazy Car Roof Jumping

				 	
			Crazy Car Roof Jumping

				 	
			Crazy Car Roof Jumping

			
	
			CL

				 	
			City Bike Driving 3D

				 	
			City Bike Driving 3D

				 	
			City Bike Driving 3D

			
	
			CM

				 	
			Crazy Cat vs. Mouse

				 	
			Crazy Cat vs. Mouse

				 	
			Crazy Cat vs. Mouse

			
	
			CN

				 	
			Crazy Rhino Attack 3D

				 	
			Crazy Rhino Attack 3D

				 	
			Crazy Rhino Attack 3D

			
	
			CO

				 	
			Construction Trucker

				 	
			Construction Trucker

				 	
			Construction Trucker

			
	
			CR

				 	
			Crocodile Simulator 3D

				 	
			Crocodile Simulator 3D

				 	
			Crocodile Simulator 3D

			
	
			CS

				 	
			Crazy Shark 3D Simulator

				 	
			Crazy Shark 3D Simulator

				 	
			Crazy Shark 3D Simulator

			
	
			CT

				 	
			Crime Town Police Car Driver

				 	
			Crime Town Police Car Driver

				 	
			Crime Town Police Car Driver

			
	
			CV

				 	
			Car Stunt Race Driver 3D

				 	
			Car Stunt Race Driver 3D

				 	
			Car Stunt Race Driver 3D

			
	
			CW

				 	
			Crocodile Swamp Simulator

				 	
			Crocodile Swamp Simulator

				 	
			Crocodile Swamp Simulator

			
	
			CX

				 	
			Christmas Taxi Duty

				 	
			Christmas Taxi Duty

				 	
			Christmas Taxi Duty

			
	
			CY

				 	
			City Car Stunts 3D

				 	
			City Car Stunts 3D

				 	
			City Car Stunts 3D

			
	
			BY

				 	
			Buggy Stunts 3D: Beach Mania

				 	
			Buggy Stunts 3D: Beach Mania

				 	
			Buggy Stunts 3D: Beach Mania

			
	
			CU

				 	
			Cute Mermaid Simulator 3D

				 	
			Cute Mermaid Simulator 3D

				 	
			Cute Mermaid Simulator 3D

			
	
			DD

				 	
			Demolition Derby: School Bus

				 	
			Demolition Derby: School Bus

				 	
			Demolition Derby: School Bus

			
	
			DF

				 	
			Dragon Flight Simulator

				 	
			Dragon Flight Simulator

				 	
			Dragon Flight Simulator

			
	
			DI

				 	
			Dino City Rampage 3D

				 	
			Dino City Rampage 3D

				 	
			Dino City Rampage 3D

			
	
			DR

				 	
			Dinosaur Revenge

				 	
			Dinosaur Revenge

				 	
			Dinosaur Revenge

			
	
			EB

				 	
			Extreme Bike Stunts

				 	
			Extreme Bike Stunts

				 	
			Extreme Bike Stunts

			
	
			EC

				 	
			Extreme Car Stunts

				 	
			Extreme Car Stunts

				 	
			Extreme Car Stunts

			
	
			EH

				 	
			Extreme Hill Driving 3D

				 	
			Extreme Hill Driving 3D

				 	
			Extreme Hill Driving 3D

			
	
			EQ

				 	
			Extreme Quad Bike Stunts 2015

				 	
			Extreme Quad Bike Stunts 2015

				 	
			Extreme Quad Bike Stunts 2015

			
	
			F6

				 	
			Furious Car Driver 2016

				 	
			Furious Car Driver 2016

				 	
			Furious Car Driver 2016

			
	
			FA

				 	
			Farm Tractor

				 	
			Farm Tractor

				 	
			Farm Tractor

			
	
			FE

				 	
			Fire Truck Emergency Rescue

				 	
			Fire Truck Emergency Rescue

				 	
			Fire Truck Emergency Rescue

			
	
			FC

				 	
			Firefighter 3D: The City Hero

				 	
			Firefighter 3D: The City Hero

				 	
			Firefighter 3D: The City Hero

			
	
			FL

				 	
			Fork Lift Crash Madness

				 	
			Fork Lift Crash Madness

				 	
			Fork Lift Crash Madness

			
	
			FU

				 	
			Furious Car Driver 3D

				 	
			Furious Car Driver 3D

				 	
			Furious Car Driver 3D

			
	
			CZ

				 	
			Crazy Offroad Hill Biker 3D

				 	
			Crazy Offroad Hill Biker 3D

				 	
			Crazy Offroad Hill Biker 3D

			
	
			GA

				 	
			Garbage Truck

				 	
			Garbage Truck

				 	
			Garbage Truck

			
	
			GC

				 	
			Gangster of Crime Town

				 	
			Gangster of Crime Town

				 	
			Gangster of Crime Town

			
	
			GO

				 	
			Golf Cart Simulator

				 	
			Golf Cart Simulator

				 	
			Golf Cart Simulator

			
	
			C2

				 	
			Cop Simulator 3D

				 	
			Cop Simulator 3D

				 	
			Cop Simulator 3D

			
	
			C3

				 	
			Car Wars 3D: Demolition Mania

				 	
			Car Wars 3D: Demolition Mania

				 	
			Car Wars 3D: Demolition Mania

			
	
			C4

				 	
			Cute Cat Adventure 2016

				 	
			Cute Cat Adventure 2016

				 	
			Cute Cat Adventure 2016

			
	
			HB

				 	
			Honey Badger Simulator

				 	
			Honey Badger Simulator

				 	
			Honey Badger Simulator

			
	
			HC

				 	
			4x4 Hill Driver 3D Free

				 	
			4x4 Hill Driver 3D Free

				 	
			4x4 Hill Driver 3D Free

			

 

10

 

 

	
			HD

				 	
			Highway Car Escape Drive

				 	
			Highway Car Escape Drive

				 	
			Highway Car Escape Drive

			
	
			HE

				 	
			Helicopter Landing

				 	
			Helicopter Landing

				 	
			Helicopter Landing

			
	
			HI

				 	
			Highway Bike Escape 2016

				 	
			Highway Bike Escape 2016

				 	
			Highway Bike Escape 2016

			
	
			HO

				 	
			Horse Jump Simulator

				 	
			Horse Jump Simulator

				 	
			Horse Jump Simulator

			
	
			HQ

				 	
			Horse Derby Quest 2016

				 	
			Horse Derby Quest 2016

				 	
			Horse Derby Quest 2016

			
	
			HR

				 	
			Hoverboard Rider 3D:Santa XMas

				 	
			Hoverboard Rider 3D:Santa XMas

				 	
			Hoverboard Rider 3D:Santa XMas

			
	
			HV

				 	
			Hoverboard Stunts Hero 2016

				 	
			Hoverboard Stunts Hero 2016

				 	
			Hoverboard Stunts Hero 2016

			
	
			HS

				 	
			Heroes of SWAT

				 	
			Heroes of SWAT

				 	
			Heroes of SWAT

			
	
			JD

				 	
			Jungle Dino Hunting 3D

				 	
			Jungle Dino Hunting 3D

				 	
			Jungle Dino Hunting 3D

			
	
			JE

				 	
			Extreme 4x4 Jeep Driving

				 	
			Extreme 4x4 Jeep Driving

				 	
			Extreme 4x4 Jeep Driving

			
	
			KW

				 	
			Killer Whale Beach Attack 3D

				 	
			Killer Whale Beach Attack 3D

				 	
			Killer Whale Beach Attack 3D

			
	
			KD

				 	
			Komodo Dragon Rampage 2016

				 	
			Komodo Dragon Rampage 2016

				 	
			Komodo Dragon Rampage 2016

			
	
			LA

				 	
			Angry Lion Attack 3D

				 	
			Angry Lion Attack 3D

				 	
			Angry Lion Attack 3D

			
	
			LC

				 	
			Limo City Driver

				 	
			Limo City Driver

				 	
			Limo City Driver

			
	
			LD

				 	
			Life of Dino

				 	
			Life of Dino

				 	
			Life of Dino

			
	
			LI

				 	
			Lion Hunting Safari

				 	
			Lion Hunting Safari

				 	
			Lion Hunting Safari

			
	
			LO

				 	
			Loader 3D

				 	
			Loader 3D

				 	
			Loader 3D

			
	
			LW

				 	
			Life of Wild Fox

				 	
			Life of Wild Fox

				 	
			Life of Wild Fox

			
	
			LZ

				 	
			Lion vs. Zombies

				 	
			Lion vs. Zombies

				 	
			Lion vs. Zombies

			
	
			MB

				 	
			Modern Bus Driver

				 	
			Modern Bus Driver

				 	
			Modern Bus Driver

			
	
			MA

				 	
			Multi-storey Car Parking 3D

				 	
			Multi-storey Car Parking 3D

				 	
			Multi-storey Car Parking 3D

			
	
			MC

				 	
			Modern Car Driver 3D

				 	
			Modern Car Driver 3D

				 	
			Modern Car Driver 3D

			
	
			MG

				 	
			Adventures of Mountain Goat

				 	
			Adventures of Mountain Goat

				 	
			Adventures of Mountain Goat

			
	
			MI

				 	
			Amazing Mini Driver 3D

				 	
			Amazing Mini Driver 3D

				 	
			Amazing Mini Driver 3D

			
	
			MK

				 	
			Modern Trucker

				 	
			Modern Trucker

				 	
			Modern Trucker

			
	
			ML

				 	
			Mountain Lion Rampage 3D

				 	
			Mountain Lion Rampage 3D

				 	
			Mountain Lion Rampage 3D

			
	
			MS

				 	
			Modern Driving School

				 	
			Modern Driving School

				 	
			Modern Driving School

			
	
			ME

				 	
			Monster Truck Speed Stunts

				 	
			Monster Truck Speed Stunts

				 	
			Monster Truck Speed Stunts

			
	
			MT

				 	
			Monster Truck Stunts 3D

				 	
			Monster Truck Stunts 3D

				 	
			Monster Truck Stunts 3D

			
	
			MV

				 	
			Modern Truck Driving 3D

				 	
			Modern Truck Driving 3D

				 	
			Modern Truck Driving 3D

			
	
			MX

				 	
			Modern Taxi

				 	
			Modern Taxi

				 	
			Modern Taxi

			
	
			NB

				 	
			Navy Battleship

				 	
			Navy Battleship

				 	
			Navy Battleship

			
	
			OD

				 	
			Offroad Driving Adventure 2016

				 	
			Offroad Driving Adventure 2016

				 	
			Offroad Driving Adventure 2016

			
	
			OF

				 	
			Offroad Stunt Bike

				 	
			Offroad Stunt Bike

				 	
			Offroad Stunt Bike

			
	
			OT

				 	
			Oil Transport Truck 2016

				 	
			Oil Transport Truck 2016

				 	
			Oil Transport Truck 2016

			
	
			PA

				 	
			Police Arrest

				 	
			Police Arrest

				 	
			Police Arrest

			
	
			PB

				 	
			Party Bus Driver

				 	
			Party Bus Driver

				 	
			Party Bus Driver

			
	
			PD

				 	
			Pet Dog: World Best Doggy

				 	
			Pet Dog: World Best Doggy

				 	
			Pet Dog: World Best Doggy

			
	
			PE

				 	
			Police Chase Adventure sim 3D

				 	
			Police Chase Adventure sim 3D

				 	
			Police Chase Adventure sim 3D

			
	
			PU

				 	
			Pro Gun Shooter 2016

				 	
			Pro Gun Shooter 2016

				 	
			Pro Gun Shooter 2016

			
	
			GZ

				 	
			Goat-Z in Zombie City

				 	
			Goat-Z in Zombie City

				 	
			Goat-Z in Zombie City

			
	
			PO

				 	
			Drive+Chase: Police Car

				 	
			Drive+Chase: Police Car

				 	
			Drive+Chase: Police Car

			
	
			HA

				 	
			Halloween Party Bus Driver 3D

				 	
			Halloween Party Bus Driver 3D

				 	
			Halloween Party Bus Driver 3D

			
	
			RE

				 	
			City Car Real Drive 3D

				 	
			City Car Real Drive 3D

				 	
			City Car Real Drive 3D

			
	
			RB

				 	
			Robber Escape Police 3D

				 	
			Robber Escape Police 3D

				 	
			Robber Escape Police 3D

			
	
			PG

				 	
			Police Dog Simulator 3D

				 	
			Police Dog Simulator 3D

				 	
			Police Dog Simulator 3D

			
	
			RA

				 	
			Rage of Lion

				 	
			Rage of Lion

				 	
			Rage of Lion

			
	
			RP

				 	
			Revenge Of Black Panther 2016

				 	
			Revenge Of Black Panther 2016

				 	
			Revenge Of Black Panther 2016

			
	
			RV

				 	
			Racing Driver 2016

				 	
			Racing Driver 2016

				 	
			Racing Driver 2016

			
	
			RT

				 	
			Road Truck Parking Madness

				 	
			Road Truck Parking Madness

				 	
			Road Truck Parking Madness

			
	
			SA

				 	
			Adventures of Sabertooth Tiger

				 	
			Adventures of Sabertooth Tiger

				 	
			Adventures of Sabertooth Tiger

			
	
			SD

				 	
			Santa Christmas Gift Delivery

				 	
			Santa Christmas Gift Delivery

				 	
			Santa Christmas Gift Delivery

			
	
			SE

				 	
			Speed Car Escape

				 	
			Speed Car Escape

				 	
			Speed Car Escape

			
	
			SH

				 	
			Police Force Smash

				 	
			Police Force Smash

				 	
			Police Force Smash

			
	
			SN

				 	
			Snow Cargo Jet Landing

				 	
			Snow Cargo Jet Landing

				 	
			Snow Cargo Jet Landing

			
	
			SP

				 	
			Space Moon Rover

				 	
			Space Moon Rover

				 	
			Space Moon Rover

			
	
			SR

				 	
			School Bus Driver 3D Simulator

				 	
			School Bus Driver 3D Simulator

				 	
			School Bus Driver 3D Simulator

			
	
			ST

				 	
			Speed Car Stunts

				 	
			Speed Car Stunts

				 	
			Speed Car Stunts

			
	
			SO

				 	
			Snow Rescue Operations 2016

				 	
			Snow Rescue Operations 2016

				 	
			Snow Rescue Operations 2016

			
	
			SW

				 	
			Snow Blower Truck Simulator

				 	
			Snow Blower Truck Simulator

				 	
			Snow Blower Truck Simulator

			
	
			TA

				 	
			Transport Car Trailer

				 	
			Transport Car Trailer

				 	
			Transport Car Trailer

			
	
			TK

				 	
			T-Rex : The King Of Dinosaurs

				 	
			T-Rex : The King Of Dinosaurs

				 	
			T-Rex : The King Of Dinosaurs

			
	
			RH

				 	
			Revenge of Angry Rhino 3D

				 	
			Revenge of Angry Rhino 3D

				 	
			Revenge of Angry Rhino 3D

			
	
			UO

				 	
			Ultimate Ocean Predator 2016

				 	
			Ultimate Ocean Predator 2016

				 	
			Ultimate Ocean Predator 2016

			
	
			UR

				 	
			Urban Road Builders 3D

				 	
			Urban Road Builders 3D

				 	
			Urban Road Builders 3D

			
	
			VF

				 	
			Village Farmer

				 	
			Village Farmer

				 	
			Village Farmer

			
	
			VR

				 	
			Valentine Ride 2016

				 	
			Valentine Ride 2016

				 	
			Valentine Ride 2016

			

 

11

 

 

	
			WA

				 	
			Wolf Attack

				 	
			Wolf Attack

				 	
			Wolf Attack

			
	
			WD

				 	
			Wild Dog Simulator

				 	
			Wild Dog Simulator

				 	
			Wild Dog Simulator

			
	
			WJ

				 	
			Wild Hunter Jungle Shooting 3D

				 	
			Wild Hunter Jungle Shooting 3D

				 	
			Wild Hunter Jungle Shooting 3D

			
	
			WI

				 	
			Adventures of Wild Tiger

				 	
			Adventures of Wild Tiger

				 	
			Adventures of Wild Tiger

			
	
			WP

				 	
			Wolf Pack Attack 2016

				 	
			Wolf Pack Attack 2016

				 	
			Wolf Pack Attack 2016

			
	
			WR

				 	
			Warrior Dragon 2016

				 	
			Warrior Dragon 2016

				 	
			Warrior Dragon 2016

			
	
			WS

				 	
			Winter Snow Drive

				 	
			Winter Snow Drive

				 	
			Winter Snow Drive

			
	
			ZB

				 	
			Crazy Bike Stunts 3D

				 	
			Crazy Bike Stunts 3D

				 	
			Crazy Bike Stunts 3D

			
	
			ZE

				 	
			Zombie Escape Driving 3D

				 	
			Zombie Escape Driving 3D

				 	
			Zombie Escape Driving 3D

			
	
			ZI

				 	
			Zombie Death Drive

				 	
			Zombie Death Drive

				 	
			Infected City Drive

			
	
			R0050

				 	
			City Car Stunts

				 	
			City Car Stunts

				 	
			City Car Stunts

			
	
			R0051

				 	
			Angry Anaconda

				 	
			Angry Anaconda

				 	
			Angry Anaconda

			
	
			R0052

				 	
			Angry Shark

				 	
			Angry Shark

				 	
			Angry Shark

			
	
			R0053

				 	
			Ambulance Rescue Driving

				 	
			Ambulance Rescue Driving

				 	
			Ambulance Rescue Driving

			
	
			R0100

				 	
			Ultimate Elephant Rampage 3D

				 	
			Ultimate Elephant Rampage 3D

				 	
			Ultimate Elephant Rampage 3D

			
	
			R0101

				 	
			Top Car Stunts

				 	
			Top Car Stunts

				 	
			Top Car Stunts

			
	
			R0102

				 	
			Texas Wild Horse Race 3D

				 	
			Texas Wild Horse Race 3D

				 	
			Texas Wild Horse Race 3D

			
	
			R0103

				 	
			Racing In City 3D            

				 	
			Racing In City 3D            

				 	
			Racing In City 3D            

			
	
			R0104

				 	
			Infected House:Zombie Shooting

				 	
			Infected House:Zombie Shooting

				 	
			Infected House:Zombie Shooting

			
	
			R0105

				 	
			Police Dog 3D : Crime Chase

				 	
			Police Dog 3D : Crime Chase

				 	
			Police Dog 3D : Crime Chase

			
	
			R0106

				 	
			Offroad Bike Adventure 2016

				 	
			Offroad Bike Adventure 2016

				 	
			Offroad Bike Adventure 2016

			
	
			R0107

				 	
			War Of Dragons 2016

				 	
			War Of Dragons 2016

				 	
			War Of Dragons 2016

			
	
			R0108

				 	
			Trucker Parking Reloaded 2016

				 	
			Trucker Parking Reloaded 2016

				 	
			Trucker Parking Reloaded 2016

			
	
			R0109

				 	
			Offroad Hill Limo Driving 3D

				 	
			Offroad Hill Limo Driving 3D

				 	
			Offroad Hill Limo Driving 3D

			
	
			R0110

				 	
			Ultimate Sea Monster 2016

				 	
			Ultimate Sea Monster 2016

				 	
			Ultimate Sea Monster 2016

			
	
			R0111

				 	
			Grand Truck Stunts 2016

				 	
			Grand Truck Stunts 2016

				 	
			Grand Truck Stunts 2016

			
	
			R0112

				 	
			Ultimate Gorilla Rampage 3D

				 	
			Ultimate Gorilla Rampage 3D

				 	
			Ultimate Gorilla Rampage 3D

			
	
			R0113

				 	
			Offroad Parking Challenge 3D

				 	
			Offroad Parking Challenge 3D

				 	
			Offroad Parking Challenge 3D

			
	
			R0114

				 	
			Angry Cat Vs. Mouse 2016

				 	
			Angry Cat Vs. Mouse 2016

				 	
			Angry Cat Vs. Mouse 2016

			
	
			R0115

				 	
			Ultimate Bike Rider 2016

				 	
			Ultimate Bike Rider 2016

				 	
			Ultimate Bike Rider 2016

			
	
			R0116

				 	
			Ultimate Lion Adventure 3D

				 	
			Ultimate Lion Adventure 3D

				 	
			Ultimate Lion Adventure 3D

			
	
			R0117

				 	
			Dino Cave

				 	
			Dino Cave

				 	
			Dino Cave

			
	
			R0118

				 	
			Angry Phoenix Revenge 3D

				 	
			Angry Phoenix Revenge 3D

				 	
			Angry Phoenix Revenge 3D

			
	
			R0119

				 	
			Car Dash 2016

				 	
			Car Dash 2016

				 	
			Car Dash 2016

			
	
			R0120

				 	
			Real Lion Adventure 3D

				 	
			Ultimate Trucking 2016

				 	
			Ultimate Trucking 2016

			
	
			R0121

				 	
			Real Wolf Adventure 3D

				 	
			Ultimate Wolf Adventure 3D

				 	
			Ultimate Wolf Adventure 3D

			
	
			R0122

				 	
			Ultimate Car Driver 2016

				 	
			Ultimate Car Driver 2016

				 	
			Ultimate Car Driver 2016

			
	
			R0123

				 	
			Shepherd Dog Simulator 3D

				 	
			Shepherd Dog Simulator 3D

				 	
			Shepherd Dog Simulator 3D

			
	
			R0124

				 	
			Crazy Goat Reloaded 2016

				 	
			Crazy Goat Reloaded 2016

				 	
			Crazy Goat Reloaded 2016

			
	
			R0125

				 	
			Zombies Rivalry 2016

				 	
			Zombies Rivalry 2016

				 	
			Zombies Rivalry 2016

			
	
			R0126

				 	
			Multi-storey Parking Mania 3D

				 	
			Multi-storey Parking Mania 3D

				 	
			Multi-storey Parking Mania 3D

			
	
			R0127

				 	
			Ultimate Car Parking 3D

				 	
			Ultimate Car Parking 3D

				 	
			Ultimate Car Parking 3D

			
	
			R0128

				 	
			Ultimate Monster 2016

				 	
			Ultimate Monster 2016

				 	
			Ultimate Monster 2016

			
	
			R0129

				 	
			Car Vs. Robots Demolition 2016

				 	
			Car Vs. Robots Demolition 2016

				 	
			Car Vs. Robots Demolition 2016

			
	
			R0130

				 	
			Shark.io

				 	
			Shark.io

				 	
			Shark.io

			
	
			R0131

				 	
			Coach to School 2016

				 	
			Coach to School 2016

				 	
			Coach to School 2016

			
	
			R0132

				 	
			Dinosaur Race 3D

				 	
			Dinosaur Race 3D

				 	
			Dinosaur Race 3D

			
	
			R0133

				 	
			Whirlpool Car Derby 3D

				 	
			Whirlpool Car Derby 3D

				 	
			Whirlpool Car Derby 3D

			
	
			R0134

				 	
			Flying Car Stunts 2016

				 	
			Flying Car Stunts 2016

				 	
			Flying Car Stunts 2016

			
	
			R0135

				 	
			Shoot that Alligator

				 	
			Shoot that Alligator

				 	
			Shoot that Alligator

			
	
			R0136

				 	
			Ultimate T-Rex Simulator 3D

				 	
			Ultimate T-Rex Simulator 3D

				 	
			Ultimate T-Rex Simulator 3D

			
	
			R0137

				 	
			Driving Academy Reloaded

				 	
			Driving Academy Reloaded

				 	
			Driving Academy Reloaded

			
	
			R0138

				 	
			Street Dog Simulator 3D

				 	
			Street Dog Simulator 3D

				 	
			Street Dog Simulator 3D

			
	
			R0139

				 	
			City RoofTop Stunts 2016

				 	
			City RoofTop Stunts 2016

				 	
			City RoofTop Stunts 2016

			
	
			R0140

				 	
			City Heroes 3D: Aliens War

				 	
			City Heroes 3D: Aliens War

				 	
			City Heroes 3D: Aliens War

			
	
			R0141

				 	
			City Drift Racer 2016

				 	
			City Drift Racer 2016

				 	
			City Drift Racer 2016

			
	
			R0142

				 	
			Dolphin Racing 3D

				 	
			Dolphin Racing 3D

				 	
			Dolphin Racing 3D

			
	
			R0143

				 	
			Hoverboard Stunts 2016

				 	
			Hoverboard Stunts 2016

				 	
			Hoverboard Stunts 2016

			
	
			R0144

				 	
			Wild Fox Adventures 2016

				 	
			Wild Fox Adventures 2016

				 	
			Wild Fox Adventures 2016

			
	
			R0145

				 	
			Modern Flying Truck Sim 3D

				 	
			Modern Flying Truck Sim 3D

				 	
			Modern Flying Truck Sim 3D

			
	
			R0146

				 	
			Shark Sniping 2016 / 2017

				 	
			Shark Sniping 2016 / 2017

				 	
			Shark Sniping 2016 / 2017

			
	
			R0147

				 	
			Dog Race & Stunts 2016

				 	
			Dog Race & Stunts 2016

				 	
			Dog Race & Stunts 2016

			
	
			R0148

				 	
			Monster Truck Derby 2016

				 	
			Monster Truck Derby 2016

				 	
			Monster Truck Derby 2016

			
	
			R0149

				 	
			Modern Car Parking 2016

				 	
			Modern Car Parking 2016

				 	
			Modern Car Parking 2016

			
	
			R0150

				 	
			Street Cat Sim 2016

				 	
			Street Cat Sim 2016

				 	
			Street Cat Sim 2016

			

 

12

 

 

	
			R0151

				 	
			Extreme Bike Trial 2016

				 	
			Extreme Bike Trial 2016

				 	
			Extreme Bike Trial 2016

			
	
			R0152

				 	
			Real Dragon Simulator 3D

				 	
			Real Dragon Simulator 3D

				 	
			Real Dragon Simulator 3D

			
	
			R0153

				 	
			Extreme Car Stunt Parking 2016

				 	
			Extreme Car Stunt Parking 2016

				 	
			Extreme Car Stunt Parking 2016

			
	
			R0154

				 	
			Go-Man Epic Revenge 2016

				 	
			Go-Man Epic Revenge 2016

				 	
			Go-Man Epic Revenge 2016

			
	
			R0155

				 	
			Flying Bike Real Rider 2016

				 	
			Flying Bike Real Rider 2016

				 	
			Flying Bike Real Rider 2016

			
	
			R0156

				 	
			Stunt Dog Simulator 3D

				 	
			Stunt Dog Simulator 3D

				 	
			Stunt Dog Simulator 3D

			
	
			R0157

				 	
			Parking Championship 2016

				 	
			Parking Championship 2016

				 	
			Parking Championship 2016

			
	
			R0158

				 	
			Angry Shark Adventures 3D

				 	
			Angry Shark Adventures 3D

				 	
			Angry Shark Adventures 3D

			
	
			R0159

				 	
			Monster Truck Rider 3D

				 	
			Monster Truck Rider 3D

				 	
			Monster Truck Rider 3D

			
	
			R0160

				 	
			Ultimate Knight 2016

				 	
			Ultimate Knight 2016

				 	
			Ultimate Knight 2016

			
	
			R0161

				 	
			City Cab Driver 2016

				 	
			City Cab Driver 2016

				 	
			City Cab Driver 2016

			
	
			R0162

				 	
			Creepy Clown Attack

				 	
			Creepy Clown Attack

				 	
			Creepy Clown Attack

			
	
			R0163

				 	
			Car Crash Derby 2016

				 	
			Car Crash Derby 2016

				 	
			Car Crash Derby 2016

			
	
			R0164

				 	
			Mermaid Dash 2016

				 	
			Mermaid Dash 2016

				 	
			Mermaid Dash 2016

			
	
			R0165

				 	
			Adventure Stunt Simulator

				 	
			Adventure Stunt Simulator

				 	
			Adventure Stunt Simulator

			
	
			R0166

				 	
			Cyborg City Rampage 2017

				 	
			Cyborg City Rampage 2017

				 	
			Cyborg City Rampage 2017

			
	
			R0167

				 	
			Commando Simulator 3D

				 	
			Commando Simulator 3D

				 	
			Commando Simulator 3D

			
	
			R0168

				 	
			Wolf Life Simulation 2017

				 	
			Wolf Life Simulation 2017

				 	
			Wolf Life Simulation 2017

			
	
			R0169

				 	
			American FireFighter 2017

				 	
			American FireFighter 2017

				 	
			American FireFighter 2017

			
	
			R0170

				 	
			Angry Fighter Attack

				 	
			Angry Fighter Attack

				 	
			Angry Fighter Attack

			
	
			R0171

				 	
			Park Like a Boss

				 	
			Park Like a Boss

				 	
			Park Like a Boss

			
	
			R0172

				 	
			Sled Dog Racing 2017

				 	
			Sled Dog Racing 2017

				 	
			Sled Dog Racing 2017

			
	
			R0173

				 	
			Snowmobile Crash Derby 3D

				 	
			Snowmobile Crash Derby 3D

				 	
			Snowmobile Crash Derby 3D

			
	
			R0174

				 	
			Robot Car Hero Sim 3D

				 	
			Robot Car Hero Sim 3D

				 	
			Robot Car Hero Sim 3D

			
	
			R0175

				 	
			Killer Clown Simulator 2017

				 	
			Killer Clown Simulator 2017

				 	
			Killer Clown Simulator 2017

			
	
			R0176

				 	
			Downhill Extreme Driving 2017

				 	
			Downhill Extreme Driving 2017

				 	
			Downhill Extreme Driving 2017

			
	
			R0177

				 	
			Super SnowCat Parking 2017

				 	
			Super SnowCat Parking 2017

				 	
			Super SnowCat Parking 2017

			
	
			R0178

				 	
			Forest Snow Leopard Sim

				 	
			Forest Snow Leopard Sim

				 	
			Forest Snow Leopard Sim

			
	
			R0179

				 	
			Gangster Revenge: Final Battle

				 	
			Gangster Revenge: Final Battle

				 	
			Gangster Revenge: Final Battle

			
	
			R0180

				 	
			Police Car Smash 2017

				 	
			Police Car Smash 2017

				 	
			Police Car Smash 2017

			
	
			R0181

				 	
			Legendary Stuntman Run

				 	
			Legendary Stuntman Run

				 	
			Legendary Stuntman Run

			
	
			R0182

				 	
			Angry Stick Fighter 2017

				 	
			Angry Stick Fighter 2017

				 	
			Angry Stick Fighter 2017

			
	
			R0183

				 	
			Car Destruction League

				 	
			Car Destruction League

				 	
			Car Destruction League

			
	
			R0184

				 	
			Angry Bull 2017

				 	
			Angry Bull 2017

				 	
			Angry Bull 2017

			
	
			R0185

				 	
			HERO Vs Mafia: Ultimate Battle

				 	
			HERO Vs Mafia: Ultimate Battle

				 	
			HERO Vs Mafia: Ultimate Battle

			
	
			R0186

				 	
			Extreme Drone Racing Stunts 3D

				 	
			Extreme Drone Racing Stunts 3D

				 	
			Extreme Drone Racing Stunts 3D

			
	
			R0187

				 	
			Tricky Wheels 2017

				 	
			Tricky Wheels 2017

				 	
			Tricky Wheels 2017

			
	
			R0188

				 	
			Horse Racing League 2017

				 	
			Horse Racing League 2017

				 	
			Horse Racing League 2017

			
	
			R0189

				 	
			Car Destruction 2017

				 	
			Car Destruction 2017

				 	
			Car Destruction 2017

			
	
			R0190

				 	
			Super Tiger Sim 2017

				 	
			Super Tiger Sim 2017

				 	
			Super Tiger Sim 2017

			
	
			R0191

				 	
			Amazing Car Parking Game

				 	
			Amazing Car Parking Game

				 	
			Amazing Car Parking Game

			
	
			R0192

				 	
			Futuristic Car Robot Rampage

				 	
			Futuristic Car Robot Rampage

				 	
			Futuristic Car Robot Rampage

			
	
			R0501

				 	
			Furious Mom

				 	
			Furious Mom

				 	
			Furious Mom

			

 

	
			*

				
			In some cases for specific games: (a) titles may be slightly different across platforms and/or (b) titles may not exist exist for specific platforms.

			

 

13Exhibit 4.8

 

PORTIONS OF THIS AGREEMENT WERE OMITTED
AND HAVE BEEN FILED

SEPARATELY WITH
THE SECRETARY OF THE COMMISSION PURSUANT TO AN

APPLICATION
FOR CONFIDENTIAL TREATMENT UNDER RULE 24b-2 OF THE

SECURITIES EXCHANGE ACT OF 1934; [***]
DENOTES OMISSIONS

 

DISTRIBUTION AGREEMENT

DATA EXHIBIT

 

THIS DATA EXHIBIT IS AN INTEGRAL PART OF THE FOLLOWING DISTRIBUTION
AGREEMENT

 

The DISTRIBUTION Agreement by and between
Itamar Medical Ltd., an Israeli company, having a place of business at 9 Halamish Street, P.O. Box 3579, Caesarea 38900, Israel,
(“Itamar”), and Distributor (as defined below) consists of (a) the Distribution Agreement attached hereto (the “Distribution
Agreement” or the “Agreement”) and (b) this Data Exhibit, which is an integral part of the Distribution Agreement.
In any case of contradiction between the provisions of this Data Exhibit and the Distribution Agreement, the provisions of the
Distribution Agreement shall prevail.

 

Subject to the terms and conditions set
forth in the Distribution Agreement, Itamar hereby appoints Distributor as its exclusive distributor solely with regard to selling
the Products (as defined in this Data Exhibit) and solely in the Territory (as defined in this Data Exhibit).

 

	1.	a.	Date of this Agreement: FEB, 24 2014 (the “Effective Date”)

 

b.             Initial
Term: The initial term of this agreement shall start on the Effective Date and end after three (3) years from the date of granting
of AHI Above 20 Criteria sleep test using WatchPAT by the Ministry of Health Labour and Welfare of Japan (“MHLW”) or
on December 31, 2018, whichever is earlier.

 

For purposes hereof, “AHI Above 20
Criteria” shall mean the decision of the MHLW to reimburse treatment based on Home Sleep Testing result above or around the
threshold of 20 AHI, but significantly lower than the current AHI 40.

 

		2.	Distributor: Philips
Respironics GK (“Distributor”)

Address: 13-37 Kohnan 2-chome Minato-ku Tokyo 108-8507
Japan

 

		3.	Territory: Japan

 

	4	a.	Products: Itamar shall sell the following Watch-PAT products (the “Products”) to Distributor.

 

		(1)	Device: WatchPAT 200 KIT
(product # : TC2110403)

This includes WatchPAT200 device,
Body Positioning and Snoring sensor, Oximetry module, Oximetry sensor, Wrist strap, Pat cable, AC power adapter, USB cable, Oximeter
adhesive bands (x25), Body positioning and snoring sensor adhesive(xl2), Carrying case, zzzPAT S/W Kit analysis SW, User manual
(EN).

 

	 	(2)	PAT: [12 Pneu-Optic Sleep Probes (xl2) (product # : TC2108210)]

 

	 	(3)	Accessories:

 

	 	i.	PAT Cable Assy WP200 (product # : TS0060600)
	 	ii.	Integrated Sensor WatchPAT Kit (product # : TC2000400)
	 	iii.	Nonin Adapter Box Assy WatchPAT200 (product # : TS2258306)
	 	iv.	Oxi Sensor, WatchPAT200 (product # : TS0060620)
	 	v.	Strap Assy, WatchPAT200 (product # : TS2158301)
	 	vi.	P.S 100-240VAC W.M. 5VDC 1.0A 5W+Mini USB-B (USA) (product # : PS0000013)
	 	vii.	Cord USB A/Mini-B 5Cont Computer Accy.Gray Mold. (product # : CB1000012)
	 	viii.	C.I. Oximeter adh Bands X25 (product # CP7200010)
	 	ix.	12 Stickers for SBP Sensor (product # TC2000110)
	 	x.	zzzPAT S/W Kit (product # : TC2100632)
	 	xi.	Li-Ion Batt.Pack+Cable 3.7V + Connector (product # : TS0037051)
	 	xii.	Carrying Case WatchPAT200 (product # : TP2173302)
	 	xiii.	Operation Manual WatchPAT200 (product # : TM2196330)
	 	xiv.	Watch-PAT200 Training Presentation On CD (product # TS 2165201)
	 	xv.	Quick Reference Cards WatchPAT200 (product # TM2193360)

 

    	 	Page 1

     

    

  

	 	xvi.	Step by Step Guide WatchPAT200 (product # : TM2193308
	 	xvii.	Patient Video WatchPAT200 (product # : TS2165200)
	 	xviii.	24 Tamper Proof Bracelet WatchPAT200 (product # : TC2008300)
	 	xix.	Cable Bracelet to WP200 adapter (product # : TS0065511)

 

		b.	Pricing: The Products shall be sold at the “Transfer
Price” as set forth in this clause.

 

	 	(1)	The Transfer Price for the Device and PAT shall be derived by application of the formula below:

 

	 	-	Transfer Price of Device = [***]
	 	-	Transfer Price of PAT = [***]

 

	 	(2)	The Transfer Price for the Device and PAT shall [***].

 

	 	(3)	The Transfer Price for Accessories shall be [***] as specified below:

 

	 	i.	PAT Cable Assy WP200 (product # : TS0060600) Price:[***]
	 	ii.	Integrated Sensor WatchPAT Kit (product # : TC2000400) Price:[***]
	 	iii.	Nonin Adapter Box Assy WatchPAT200 (product # : TS2258306) Price:[***]
	 	iv.	Oxi Sensor, WatchPAT200 (product # : TS0060620) Price:[***]
	 	v.	Strap Assy, WatchPAT200 (product # : TS2158301) Price:[***]
	 	vi.	P.S 100-240VAC W.M. 5VDC 1.0A 5W+Mini USB-B (USA) (product # : PS0000013) Price:[***]
	 	vii.	Cord USB A/Mini -B 5Cont Computer Accy.Gray Mold, (product # : CB1000012) Price:[***]
	 	viii.	C.I. Oximeter Adh. Bands (x25) (product # : CP7200010) Price: [***]
	 	ix.	12 Stickers for SBP Sensor (xl2) (product # : TC2000110) Price:\[***]
	 	x.	zzzPAT S/W Kit (product # : TC2100632) Price:\[***]
	 	xi.	Li-Ion Batt.Pack+Cable 3,7V + Connector (product # : TS0037051) Price:\[***]
	 	xii.	Carrying Case WatchPAT200 (product # : TP2173302) Price:[***]
	 	xiii.	24 Tamper Proof Bracelet WatchPAT200 (x24) (product # : TC2008300) Price:[***]
	 	xiv.	Cable Bracelet to WP200 adapter (product # : TS0065511) Price:[***]
	 	xv.	Operation Manual WatchPAT200 (product # : TM2196330) Price:[***]
	 	xvi.	Watch-PAT200 Training Presentation On CD (product # : TS2165201) Price:[***]
	 	xvii.	Quick Reference Cards WatchPAT200 (product # : TM2193360) Price:[***]
	 	xviii.	Step by Step Guide WatchPAT200 (product # : TM2193308) Price:[***]
	 	xix.	Patient Video WatchPAT200 (product # : TS2165200) Price:[***]

 

The Transfer Price will be set upon initial
publication of the reimbursement price and criteria for sleep test using WatchPAT by MHLW on its website, and revised upon release
of any changes to such reimbursement price and criteria by MHLW thereafter. The Transfer Prices may otherwise be changed by agreement
of both parties in writing.

 

c.             Minimum
Purchase Requirement Commitments of the Distributor: The Distributor shall meet the minimum purchase requirement commitments.
The minimum purchase requirement commitments are as set forth in the table below (the “Minimum Purchase Requirements”).

 

    	 	Page 2

     

    

  

	 	 	2014	 
	 	 	Q1	 	 	Q2	 	 	Q3	 	 	Q4	 
	Quarterly Purchase Amount (Thousand USD)	 	 	[***]	 	 	 	[***]	 	 	 	[***]	 	 	 	[***]	 
	 	 	 	[***]	 	 	 	[***]	 	 	 	[***]	 	 	 	[***]	 
	Annual Purchase Amount (Thousand USD)	 	 	[***]  	 

 

	 	 	2015	 
	 	 	Q1	 	 	Q2	 	 	Q3	 	 	Q4	 
	Quarterly Purchase Amount (Thousand USD)	 	 	[***]	 	 	 	[***]	 	 	 	[***]	 	 	 	[***]	 
	 	 	 	[***]	 	 	 	[***]	 	 	 	[***]	 	 	 	[***]	 
	Annual Purchase Amount (Thousand USD)	 	 	[***]  	 

 

	 	 	2016	 
	 	 	Q1	 	 	Q2	 	 	Q3	 	 	Q4	 
	Quarterly Purchase Amount (Thousand USD)	 	 	[***]	 	 	 	[***]	 	 	 	[***]	 	 	 	[***]	 
	 	 	 	[***]	 	 	 	[***]	 	 	 	[***]	 	 	 	[***]	 
	Annual Purchase Amount (Thousand USD)	 	 	[***]  	 

 

	 	 	2017	 
	 	 	Q1	 	 	Q2	 	 	Q3	 	 	Q4	 
	Quarterly Purchase Amount (Thousand USD)	 	 	[***]	 	 	 	[***]	 	 	 	[***]	 	 	 	[***]	 
	 	 	 	[***]	 	 	 	[***]	 	 	 	[***]	 	 	 	[***]	 
	Annual Purchase Amount (Thousand USD)	 	 	 [***]  	 

 

	 	 	2018	 
	 	 	Q1	 	 	Q2	 	 	Q3	 	 	Q4	 
	Quarterly Purchase Amount (Thousand USD)	 	 	[***]	 	 	 	[***]	 	 	 	[***]	 	 	 	[***]	 
	 	 	 	[***]	 	 	 	[***]	 	 	 	[***]	 	 	 	[***]	 
	Annual Purchase Amount (Thousand USD)	 	 	[***]  	 

 

If the Distributor does not meet any of
the Minimum Purchase Requirements in the table above, the provisions of Section 11.2 of the Agreement shall apply.

 

5.          Distributor
Confirmation: Itamar and Distributor acknowledge that each has read each and every paragraph of the Distribution Agreement
and the Data Exhibit, received all necessary explanations and clarifications and fully understands respective rights and obligations
under the Distribution Agreement and the Data Exhibit and the contents, meanings and implications of the Distribution Agreement
and the Data Exhibit.

 

	ITAMAR MEDICAL LTD.	 	“Distributor”
	 	 	 	 	 
	By:	/s/ Eldad Singer	 	By:	/s/ Danny Risberg
	Name:	Eldad Singer	 	Name:	Danny Risberg
	Title:	President, Itamar	 	Title: 	Executive Manager
	 	Medical Japan 	 	 	 
	 	VP Sales, Itamar Medical	 	 	 
	 	Feb 24, 2014	 	 	 

 

    	 	Page 3

     

    

 

PORTIONS
OF THIS AGREEMENT WERE OMITTED AND HAVE BEEN FILED

SEPARATELY WITH
THE SECRETARY OF THE COMISSION PURSUANT TO AN

APPLICATION
FOR CONFIDENTIAL TREATMENT UNDER RULE 24b-2 OF THE

SECURITIES EXCHANGE ACT OF 1934; [***]
DENOTES OMISSIONS

 

DISTRIBUTION AGREEMENT

 

This DISTRIBUTION Agreement
(the “Agreement”) is entered into by and between Itamar Medical Ltd., an Israeli company, having a place of business
at 9 Halamish Street, P.O. Box 3579, Caesarea 38900, Israel, or its affiliates, (“Itamar” or the “Company”),
and the Distributor listed on the attached Data Exhibit. The attached Data Exhibit constitutes an integral part of this Agreement.

 

WITNESSETH:

 

WHEREAS, Itamar is engaged, among
other things, in the business of designing, engineering, manufacturing, marketing and selling of medical diagnostic Products (as
defined in the Data Exhibit); and

 

WHEREAS, Distributor is engaged,
among other things in the business of distributing medical and diagnostic devices and is experienced in and familiar with the considerations
involved in the marketing and selling of medical and diagnostic devices in the Territory, subject to regulations, special considerations
and local authority requirements necessary to sell the Products in the Territory; and

 

WHEREAS, subject to the Data Exhibit,
Itamar wishes to appoint Distributor as its exclusive distributor of the Products in the Territory (as defined in the Data Exhibit)
and grant to Distributor the exclusive right and license to distribute and sell Itamar’s Products solely for their intended
use and solely in the Territory; and

 

WHEREAS, Distributor wishes to accept
such appointment and receive such right and license and to provide certain services with respect thereto subject to the terms and
conditions of this Agreement.

 

NOW, THEREFORE, in consideration
of the foregoing premises and for valuable consideration, the sufficiency and receipt of which are hereby acknowledged, the parties
hereto, each intending to be legally bound hereby, agree as follows:

 

DEFINITIONS

 

1.1           “Confidential
Information” shall mean any and all Documentation, confidential and proprietary information belonging to or in the possession
of Itamar, including but not limited to any and all concepts, specifications, formulae, prototypes, software and hardware, and
any and all records, data, methods, techniques, processes, projections, plans, marketing and/or pricing information, materials,
financial statements, memoranda, analyses, notes and any other data or information (in whatever form), as well as improvements
and know-how related thereto, relating to Itamar, Itamar’s suppliers, clients, research and development activities, Products
(including related software), manufacturing, marketing and sales. Confidential Information shall be deemed to include any and all
of Itamar’s information, irrespective of form, which has been or may be: (i) disclosed to Distributor by or on behalf of
Itamar; or to which Distributor has access; or (ii) provided to Itamar from a third party. Confidential Information shall not include
information that: (a) was already known to or independently developed by Distributor prior to its disclosure as demonstrated by
tangible dated evidence satisfactory to Itamar; (b) shall have appeared in any printed publication or patent or shall have become
a part of the public knowledge except as a result of breach of this Agreement by Distributor; (c) shall have been received by the
Recipient from another person or entity having no obligation to Itamar.

 

    	 	Page 4

     

    

 

1.2           “Documentation”
shall mean Itamar’s confidential ideas, know-how, concepts, methods, processes, formulae, reports, data, business plans,
and any other proprietary information of Itamar that may provide Itamar with a competitive advantage, as well as any of Itamar’s
manuals and other written materials that relate to the Products, including any flow charts, logic manuals, functional specifications,
medical research, clinical trials or their summaries, any machine text or graphic files and or any material relating to any enhancements
or modifications of the Product, as may be from time to time.

 

1.3           “Intellectual
Property Rights” shall mean copyrights, patent rights, trademarks, inventions (whether or not patentable), trade secrets,
and any other proprietary rights relating to intangible property, whether patentable or otherwise, all rights to sue for any past,
present or future infringement of any of the foregoing rights, and the right to all income, royalties, damages and payments now
or hereafter due or payable with respect to any of the foregoing rights, including, without limitation, damages for past, present
or future infringement thereof. Itamar- Medical’s Intellectual Property’s Rights shall be deemed to include all Intellectual
Property Rights related to the measurement of the peripheral arterial tone and/or changes in the peripheral arterial tone and arterial
vaso-activity of a patient, and coronary artery disease diagnosis and other medical conditions.

 

1.4           “Product(s)”
shall mean the products together with all related software and PAT Probes (as hereafter defined) all as listed in Data Exhibit,
which may be amended by Itamar from time to time, at its sole discretion, on ninety (90) days prior written notice to Distributor.

 

1.5           “Affiliate(s)”
shall mean (i) in the case of Distributor, Koninklijke Philips N.V. and (ii) in the case of Distributor and Itamar: any and all
other companies, firms and legal entities with respect to which now or hereafter Koninklijke Philips N.V. or Itamar respectively,
directly or indirectly holds 50% or more of the nominal value of the issued share capital or 50% or more of the voting power at
general meetings or has the power to appoint a majority of directors or otherwise to direct the activities of such company, firm
or legal entity; in the case of Distributor, the Affiliates of Distributor may be listed for convenience purposes in the Eligible
Buying Locations list http://www.philips.com/about/company/businesses/suppliers/ebl.page)

 

SCOPE OF AGREEMENT

 

2.1           Further
to Itamar's appointment of Distributor as detailed in the Data Exhibit, Itamar hereby grants Distributor with an exclusive, royalty
free, limited, non-assignable, non-transferable license to distribute the Products, which license shall be applicable solely in
the Territory (the “License”). The Distributor hereby accepts such appointment. Distributor will purchase the Products
from Itamar pursuant to Sections 7 and 8 herein, and will distribute and resell them solely in the Territory.

 

2.2           Distributor
is hereby granted a non-exclusive, limited, non-assignable, non-transferable license, to use Itamar’s trade names, and trademarks
now owned or hereafter acquired by Itamar (“Proprietary Marks”) solely for the purposes of promoting the Products in
the Territory under the terms of this Agreement and for the Term hereof.

 

2.3           During
the term of this Agreement, Itamar may identify Distributor as a distributor of Itamar’s Products in advertisements and other
promotional literature, and Distributor may present itself as a distributor of Itamar’s Products to its customers.

 

2.4           Other
than the rights set forth in Sections 2.1, 2.2, and 2.3 above or in the Data Exhibit, no other licenses or rights are granted to
Distributor under this Agreement or otherwise. Distributor shall not actively or otherwise promote, pursue or solicit sales of,
advertise, hold, sell, lease, distribute or otherwise market, transfer or commercialize directly the Products outside of the Territory.

 

    	 	Page 5

     

    

 

2.5           The
parties agree that after the granting of the AHI Above 20 Criteria, and during the Initial Term, Distributor shall not promote,
manufacture, advertise, distribute, lease, sell or otherwise market or transfer, either directly or indirectly, through any person
or entity, any product of Distributor or any third party that competes directly or indirectly, with the Products (i.e., any product
with same or similar specification not included in the EEG and EMG feature for which sleep test using it has been granted AHI criteria
20 by MHLW).

 

2.6           Company
may sell a uniquely branded Original Equipment Manufacturer (“OEM”) device for sale within the Territory directly
or via another 3rd party with agreement of the Distributor.

 

2.7           Subject
to the terms and conditions set forth in APPENDIX C to this Agreement, Itamar is hereby granted the right to use the wordmark PHILIPS
in Israel solely for the purpose of advertising of the Products.

 

TERM OF THE AGREEMENT

 

3.             This
Agreement shall become effective as of the Effective Date and shall continue and remain in force until the date specified in Section
l.b. of the Data Exhibit (the “Initial Term”), unless terminated earlier under the provisions of Section 11
herein. This Agreement may be renewed by mutual agreement in writing for additional periods beyond the Initial Term (“Additional
Term”). The Initial Term and any Additional Term(s) or Additional Period as defined in Section 11.1 shall be referred
to together as the “Term”.

 

UNDERTAKINGS OF DISTRIBUTOR AND ITAMAR

 

4.1           In
addition to all other rights and obligations under this Agreement, Distributor shall:

 

(a)          Use
commercially reasonable best effort to promote, advertise, sell, and distribute the Products in the Territory (“Distributor's
Services”).

 

(b)          Provide
such support and other services as detailed in Appendix A.

 

(c)          Reports
to Itamar: Distributor shall provide quarterly reports no later than the fifteenth (15th) day of the month following
the end of each quarter (via email or in writing), in the form provided for in Appendix B, containing the following: (i) account-by-account
description, by direct customer or sub-distributor name, affiliation, address, telephone number and summary of device units and
probes sold and (ii) serial number of sold Products.

 

(d)          Bear
all costs and expenses of conducting its activities hereunder, including but not limited to any taxes or levies, and any travel,
lodging, entertainment, office, clerical, accounting, advertising and general selling expenses.

 

    	 	Page 6

     

    

 

(e)          Except
as set forth herein, not resell, sublicense, rent, or lease the Product, either in whole or in part to anyone but the intended
first end user and purchaser. Any attempt by either Distributor or first end user to do so shall be considered a material breach
of these terms and conditions and Itamar shall have the right to fully prosecute such breach to the fullest extent permitted by
law, without derogating from any of Itamar's other rights under these terms and conditions. Distributor shall be permitted to sell
to sub-distributors with whom Distributor has a written agreement subject to: (i) all agreements with sub-distributor shall be
subject to the terms of this Agreement; (ii) the Distributor shall remain liable to Itamar for all acts or omissions of the sub-distributor;
(iii) any act or omission of the sub-distributor which would be considered a breach of this Agreement if committed or omitted by
Distributor shall be considered a breach by Distributor.

 

(f)          Make
best efforts to achieve the Minimum Purchase Requirements Commitments for each calendar year and quarter, as specified in the Data
Exhibit, during the Term.

 

(g)          To
the extent necessary under applicable law, the Distributor shall apply for, obtain, facilitate and maintain any and all permits,
registrations, notifications, approvals, authorizations and/or clearances (including but not limited to approvals and/or licenses
from local, state, governmental, quasi-govemmental or other authorities) required, necessary or desirable for the importation,
sale, marketing, use, labeling, promoting, or distribution of and/or for making claims regarding the Products or their uses in
the Territory, including without limitation, regulatory approvals for medical and diagnostic devices and trademarks and other intangible
property rights (collectively, the “Required Approvals”. Distributor shall comply with all applicable laws and
regulations in connection with the performance of its obligations hereunder.

 

(h)          The
Products shall be sold pursuant to the “Shrink Wrap Licenses” provided to the end user by Itamar.

 

4.2           In
addition to all other rights and obligations under this Agreement and subject to Itamar's right to accept or reject each Order,
as that term is defined herein, Itamar shall:

 

(a)          Make
spare parts available at prices (according to the price list set forth in the Data Exhibit, which may be amended from time to time)
for so long as this Agreement remains in effect. Notwithstanding the aforesaid, Itamar shall be entitled to substitute a spare
part or component with a part/component that is form-fit and maintains the same functionality as the original part/component.

 

(b)          Provide
guidelines and instructions for a training program, to be conducted in the English language, on the installation, operation and
maintenance of the Products. The scope, timing and the terms of such training shall be mutually agreed upon between the Parties
on a case by case basis. Itamar shall provide Distributor all available documentation relevant for such programs.

 

(c)          Provide
Distributor with copies of Itamar's existing English-language user manuals, installation manuals, brochures and catalogues relating
to the Products. Itamar shall not be obligated to translate the aforesaid literature into any language other than English.

 

(d)          Itamar
shall use its commercially reasonable efforts to fulfill all Orders, as that term is defined below, placed by Distributor and approved
by Itamar.

 

(e)          Itamar
shall designate one coordinating representative who oversees all Distributor issues and coordinates Itamar activity. Itamar personnel
will only take direction from the Itamar coordinating representative.

 

    	 	Page 7

     

    

 

PROPRIETARY RIGHTS AND MARKS

 

5.1           It
is acknowledged and agreed that (i) Itamar’s Products, Intellectual Property and the Documentation, have been, are, and will
be developed solely by Itamar, at the risk and expense of Itamar; and (ii) Itamar’s Intellectual Property Rights, Documentation
and other information embodied in the Products constitute valuable trade secrets and is proprietary to Itamar; and (iii) all Intellectual
Property Rights, in or related to Itamar’s Products, Documentation and/or to any related design and manufacturing, as well
as any modification, adaptation or derivation thereof, are and will remain the exclusive property of Itamar. Distributor, by taking
delivery of, making payment for, distributing and selling or transferring any of the Products to third parties, shall not become
entitled to any proprietary or non proprietary rights in any such Products, Intellectual Property or Documentation.

 

5.2           Distributor,
and anyone acting on Distributor's behalf, shall take all reasonable and acceptable measures to ensure that all Intellectual Property
Rights of Itamar in the Products and the Documentation remain exclusively with Itamar.

 

5.3           Distributor
shall not reverse engineer, decompile, misuse, incorporate into another product, modify, alter, enhance, change, copy or attempt
to copy, or perform any similar type of operation on Itamar’s Products, in any fashion or for any purpose whatsoever or otherwise,
either directly or indirectly, violate such Itamar’s rights with regard to the Products or Intellectual Property.

 

5.4           Itamar
may affix its Proprietary Marks to any of the Products. Except as provided for in Section 2.2, Distributor shall not have or acquire
any right, title or interest in the Proprietary Marks, either used alone or in conjunction with other words or names, or in the
good will thereof and shall not use any such Proprietary Marks without the express prior written consent of Itamar, and Distributor
acknowledges and agrees that Itamar's consent and approval may be withheld by Itamar in its sole discretion.

 

5.5           With
Company approval, Distributor can independently develop, at its own expense, marketing and teaching materials for the Products
and such materials including translation of the literature relating to the Products mentioned in Section 4.2(c) of the Data Exhibit,
which prior to usage in the field, will be reviewed and approved in writing by the Company. Such materials will be the property
of both the Company and the Distributor and may be used freely by both sides.

 

Intellectual Property Indemnification

 

5A.1       Itamar
shall indemnify and hold harmless Distributor, its Affiliates, their agents and employees in respect of any and all damages, costs
and expenses (including but not limited to reasonable attorneys’ fees) in connection with any third party claim that any
of the Products infringe any third party patent, trademark, copyright (including portrait rights and moral rights), trade name,
trade secret, license or other proprietary or other intellectual property rights, and shall defend any such claim at Itamar’s
own expense.

 

5A.2.      Distributor
shall provide Itamar with immediate notice of any such claim. Any delay in notice of any such claim shall not relieve Itamar of
its obligations hereunder except to the extent it is prejudiced by such delay. Each party shall provide all necessary assistance
in connection with any such claim as the other party may reasonably require. Distributor may not settle any such claim without
the prior approval of Itamar.

 

    	 	Page 8

     

    

 

5A.3.       If
Itamar believes that any Product may infringe any third party intellectual property rights in the Territory; or if (i) any Product,
alone or in any combination, supplied under this Agreement is held to infringe any third party rights in the Territory or (ii)
if their use is enjoined in the Territory, Itamar shall, in its sole discretion, and at its own expense: either

 

(a)    Procure for
Distributor or Distributor's customers the right to continue using the Product alone or in any combination; or

 

(b)    Replace or modify
the Product alone or in any combination with a functional, non-infringing equivalent.

 

5A.4.       If
Itamar is unable either to procure for Distributor the right to continue to use the Product alone or in any combination or to replace
or modify the Product alone or in any combination in accordance with the provisions of Section 5A.3 above, Distributor may terminate
this Agreement and upon such termination, Itamar shall reimburse to Distributor the price paid in five years before the termination,
without prejudice to Itamar's obligation to indemnify Distributor as set forth herein.

 

CONFIDENTIALITY

 

6.             From
time to time, Itamar or Distributor may make available to the other party Confidential Information. The Distributor or Itamar shall
not disclose such information to any person or entity, or use such Confidential Information without the prior written consent of
the other party. Distributor or Itamar shall take all measures to protect the other party’s Confidential Information which
shall be treated by Distributor or Itamar with at least the same care as it would exercise in the handling of its own confidential
or proprietary information, and shall not be disclosed to any person or entity except as required by law or by a court of competent
jurisdiction. Itamar may disclose the existence of this Agreement, including the identity of the Distributor and financial information
relating to this Agreement by order of a government authority or the court as required under applicable laws and regulations. The
provisions of this Section 6 shall remain in force after the termination of this Agreement.

 

PRICES

 

7.1           Product
Transfer Prices are as set forth in the Data Exhibit and are based on delivery ex works, Itamar's Caesarea, Israel facilities,
as that term is defined in Incoterms 2010, ICC Rules for the Use of Domestic and International Trade Terms, ICC Publication No.
715EF (the “Delivery Point”).

 

7.2           Transfer
Prices are exclusive of all sales, use, value added, or other similar taxes, fees, levies, duties and other governmental charges
(with the exception of taxes imposed on the income of Itamar), all of which will be borne exclusively by Distributor. Any change
of Transfer Prices as aforesaid will not affect orders accepted prior to the effective date of such change of Transfer Prices.

 

    	 	Page 9

     

    

 

PURCHASE OF PRODUCTS

 

8.1           Distributor
shall purchase the Products from Itamar, for the purpose of reselling them to end-users subject to the terms and conditions of
this Agreement, and including but not limited to Sections 7 and 8 herein, through purchase orders (“Orders”).
The Orders shall be issued in writing and transmitted via fax or by electronic means (including without limitation to electronic
mail), by Distributor to Itamar and shall be subject to (i) acceptance by Itamar; and (ii) to Section 8.3 below.

 

(a)          Order
acceptance by Itamar shall be made by fax or by electronic means (including without limitation to electronic mail) no later than
five (5) Itamar working days from receipt of the Order from Distributor.

 

(b)          The
placing by Distributor of an Order and Itamar's acceptance thereof under and in accordance with the terms of this Agreement shall
form a contract of sale between Itamar and Distributor on the terms of such Order and of this Distribution Agreement, provided,
however, that unless otherwise agreed to by Itamar in writing, the terms and conditions of any Order issued by Distributor or any
order acceptance issued by Itamar shall not alter the terms and conditions of this Distribution Agreement. In the event of a conflict
between such terms of any such Order or order acceptance and this Distribution Agreement, the terms of this Agreement shall prevail.

 

(c)          All
Orders shall be compatible with Itamar's Minimum Lead Time, as set forth in 8.2 below.

 

8.2           All
purchased Products shall be delivered to the Delivery Point. Except as otherwise agreed upon, the minimum lead time for delivery
of Products under an Order shall be [***] from the acceptance of the Order by Itamar and provided, however, that
for any Order that is 50% larger than the immediately previous Order, the minimum lead time for delivery of Products under such
Order shall be [***] from the acceptance of the Order by Itamar (“Minimum Lead Time”). Following the acceptance
of an Order, Itamar shall issue to Distributor a notice specifying the period within which the Products will be delivered. The
Minimum Lead Time will commence upon the approval of the Order by Itamar. Any revisions to accepted Orders would be subject to
acceptance by Itamar.

 

8.3           Terms
of payment shall be

 

(a)         
All of the aggregate price of the Order shall be payable within sixty (60) days following delivery.

 

All payments shall be via wire transfer to Itamar’s bank
account set forth below:

 

Name of Bank: [***]Address of Bank: [***] 

Name of Account: [***]Bank Account Number: [***]Swift/Routing/Sort:
[***]IBAN: [***] 

(b)          Alternatively,
Distributor may pay via an irrevocable and confirmed fully executed letter of credit with a bank of international repute acceptable
to Itamar and in form and substance satisfactory to Itamar (the “Letter of Credit”).

    	 	Page 10

     

    

 

 

(c)          Any
invoiced amount, which is not fully paid when due, will bear interest at the rate of one and one half percent (1.5%) per month
or portion thereof.

 

(d)         All
payments referred to herein shall be in net freely transferable, free of withholding income or other taxes or deductions.

 

8.4           Risk
of loss and damage for all Products ordered by Distributor shall pass to Distributor upon delivery. Title to all Products ordered
by Distributor shall pass to Distributor upon receipt by Itamar of payment pertaining to the Products and until such time Itamar
shall retain full ownership rights in such Products.

 

8.5           Distributor’s
sole compensation for its Services and for the sale of the Products in the Territory shall consist of profits on its sales to customers.
No compensation, commission, fee, bonus, reimbursement or any other form of payment shall be payable to Distributor.

 

8.6           Subject
to any applicable regulatory requirements, Itamar reserves the right to discontinue the manufacture or sale of any or all of the
Products upon sixty (60) days prior written notice to Distributor, and Itamar shall not be liable to Distributor for any liability
imposed upon or damage suffered by Distributor as a result of any such discontinuation. Notwithstanding anything to the contrary,
Itamar shall fulfill existing accepted Orders if it elects to discontinue manufacture or sale of any of the Products.

 

LIMITED WARRANTY

 

9.1           Warranties
hereunder are solely for the benefit of Distributor’s direct customers, and the ultimate end users of the Products. Distributor
shall be responsible to its customers for any and all warranties, which it makes relating to Products apart from Itamar’s
warranties set forth in this Section 9.

 

9.2           Itamar
warrants that each Product to be delivered hereunder will be free of defects in material and workmanship under normal use and service
for the Warranty Period (as defined hereunder). For the purpose of this Section 9 the “Warranty Period” shall mean
eighteen (18) months from the date of delivery to Distributor of the Product(s).

 

9.3           If,
during the Warranty Period, a Product or any component of the Products becomes defective by reason of material or workmanship,
and provided the Distributor immediately notifies Itamar of such defect, Itamar may, at its option, supply a replacement, or request
the return of equipment to Itamar’s premises for repair. Distributor/customer must return all Products to Itamar and pay
shipping and handling costs of the return to Itamar’s premises. Prior to returning any Product, whether for replacement or
repair Distributor must obtain a return material authorization (“RMA”) number from Itamar, and display such RMA number
prominently on the packaging for any such returned Products. Distributor must return all Products to Company. Itamar shall pay
all shipping charges for the return of the repaired or replacement Product to Distributor/customer. Any Products returned to Company
other than in accordance with the terms of this Agreement may be refused by Company, at its sole discretion.

 

    	 	Page 11

     

    

 

Return of the repaired or replacement Products
to the customer's original destination shall be at the expense of Itamar unless Itamar determines, at its sole discretion, that
the Product is not defective within the terms of the warranty, in which event Distributor shall pay Itamar all costs of handling,
transportation and labor at Itamar's then prevailing rates. Repaired or replacement Products shall be shipped to the destination
designated by Distributor. Risk of loss or damage to returned Products shall be borne by Distributor until delivery to Itamar’s
premises.Risk of loss of or damage to repaired or replacement Products shall be borne by Itamar until delivery to the destination
designated by Distributor, unless Itamar determines that the Product is not defective within the terms of the warranty. This defective
product determination will not be unduly withheld.

 

9.4           All
Products or parts that have been replaced shall be the property of Itamar. Itamar shall be released from all obligations under
its warranty and this warranty shall not apply to any Products or component parts, that (a) have been damaged by improper operation,
tampering with, improper maintenance, misuse, accident, or neglect, or were subject to any of the prohibited activities described
in Section 5.3 above; (b) have been used in a manner not in accordance with the instructions supplied by Itamar; (c) have had changes
or repairs made without written authorization of Itamar to do so or by inadequate and/or unqualified personnel; (d) were incorporated
into another product without the prior written approval of Itamar; or (e) were stored in conditions and/or for such long period
of time contrary to the guidelines of Itamar which proves to be inadequate or unreasonable.

 

9.5           Repaired
or replaced parts shall be covered by this warranty for a period of the greater of (i) the remainder of the Warranty Period hereunder,
(ii) one hundred eighty (180) days from the date of delivery of the repaired or replaced parts or Products by Itamar, or (iii)
the minimum legal or regulatory requirement that is in effect in the Territory.

 

9.6           THE
ABOVE WARRANTIES GIVEN BY ITAMAR ARE IN LIEU OF ALL OTHER WARRANTIES, EXPRESS OR IMPLIED, INCLUDING, BUT NOT LIMITED TO, WARRANTIES
OF MERCHANTABILITY AND FITNESS FOR A PARTICULAR PURPOSE. THE ABOVE WARRANTIES CONSTITUTE ITAMAR’S SOLE AND EXCLUSIVE LIABILITY
FOR DEFECTIVE OR NONCONFORMING PRODUCTS. NO OTHER WARRANTIES OF ANY KIND, WHETHER STATUTORY, WRITTEN, ORAL OR IMPLIED SHALL APPLY.

 

Notwithstanding anything herein
contained to the contrary, this warranty of repair and replacement shall be the sole and exclusive remedy available to Distributor's
customers for any Products delivered hereunder which are found to be defective. However, this shall not limit any claims to be
made by Distributor or Distributor’s customers under applicable Japanese laws.

 

Distributor and Distributor’s
direct customers shall be entitled to purchase from Itamar annual maintenance support services as well as an extended warranty
following the end of the Warranty Period, set forth in Appendix A.

 

INDEMNITY/LIMITATION OF LIABILITY

 

10.1         Distributor
hereby releases and discharges Itamar, its officers, directors, employees and agents in advance and agrees that it shall indemnify,
defend and hold them harmless from any and all loss, damage, cost and/or expense (including attorney fees) arising out of or in
connection with (i) Distributor's acts or omissions; or (ii) any breach of this Agreement by Distributor, or (iii) Distributor’s
failure to obtain permits, approvals, authorizations and/or clearances, provided, however, that Distributor shall have no such
liability (a) to the extent that any claims result from Itamar's gross negligence or willful misconduct, or (b) if Itamar does
not provide Distributor prompt notice of any such claims. Itamar shall cooperate with Distributor in the defense or settlement
of any claims, and shall neither admit liability for, nor settle any claims without Distributor's prior written consent.

 

    	 	Page 12

     

    

 

10.2         Itamar
hereby releases and discharges Distributor and agrees that it shall indemnify, defend and hold Distributor harmless from any and
all loss, damage, cost and/or expense (including attorney fees) arising out of or in connection with (1) Itamar's acts or omissions;
or (2) any material breach of this Agreement; provided, however, that Itamar shall have no such liability if Distributor does not
provide Itamar prompt notice of any such claims, and allow it to assume sole defense of any such claim. Distributor shall fully
cooperate with Itamar in the defense or settlement of any claims, and shall neither admit liability for nor settle any claims without
Itamar's prior written consent.

 

10.3         ITAMAR
SHALL NOT BE LIABLE TO ANY PERSON OR ENTITY FOR ANY SPECIAL, CONSEQUENTIAL OR INDIRECT DAMAGES, INCLUDING, BUT NOT LIMITED TO,
DAMAGES TO OR LOSS OF PROPERTY OR EQUIPMENT, LOSS OF PROFIT, LOSS OF USE OF DATA, LOSS OF REVENUES OR DAMAGES TO BUSINESS OR REPUTATION
ARISING FROM THE PERFORMANCE OR NON- PERFORMANCE OF ANY ASPECT OF THIS AGREEMENT OR ANY ORDER HEREUNDER OR FROM ANY CAUSE WHATSOEVER
ARISING FROM OR IN ANY WAY CONNECTED WITH THE MANUFACTURE, SALE, HANDLING, REPAIRS MAINTENANCE OR USE OF THE PRODUCTS, WHETHER
OR NOT ITAMAR SHALL HAVE BEEN MADE AWARE OF THE POSSIBILITY OF SUCH LOSS. NOTWITHSTANDING ANY OF THE FOREGOING, ITAMAR’S
LIABILITY FOR ANY CLAIMS ARISING OUT OF OR IN CONNECTION WITH THIS AGREEMENT OR ANY PARTICULAR ORDER, SHALL IN THE AGGREGATE, BE
LIMITED TO THE TOTAL PRICE PAID UNDER SUCH PARTICULAR ORDER.

 

TERMINATION

 

11.1         Either
party may terminate this Agreement upon the occurrence of one of the following:

 

(a)          By
providing sixty (60) days written notice if the other party (i) becomes or is declared insolvent or bankrupt, is the subject of
any proceedings related to its liquidation, insolvency or for the appointment of a receiver or similar officer, and is unable to
terminate such proceedings within sixty (60) days, or if Itamar (1) makes an assignment of assets for the benefit of, or sells
all or substantially all of its capital stock or all of its assets to a third party not in accordance with Section 13.3 herein
(an “M&A Event”), or (2) Itamar enters into an agreement for the composition, extension, or readjustment of all
or substantially all of its obligations; or

 

(b)          the
other party breaches any of its obligations hereunder and fails to remedy such breach within sixty (60) days of notice of the breach.

 

11.2         Itamar
may, in its sole discretion, terminate this Agreement upon the occurrence of one of the following:

 

(a)            immediately
upon the provison of written notice if:

 

	 	(1)	Distributor does not achieve the Minimum Purchase Requirement in either 2014 or 2015;

 

	 	(2)	Distributor does not achieve at least [***] of the Minimum Purchase Requirement in either 2016, 2017 or 2018; or

 

    	 	Page 13

     

    

 

 

	 	(3)	Distributor does not achieve at least [***] of the Minimum Purchase Requirement in any quarter during any calendar year.

 

(b)          upon
thirty (30) days written notice to the Distributor to the extent applicable, Distributor fails to receive all Required Approvals
within one (1) month from the Effective Date of this Agreement; or

 

(c)          immediately
upon the provision of written notice if Distributor violated or breached the provisions of Section 2.5 herein.

 

11.3         Remedies
available to Itamar or Distributor under this Section 11, shall in no event constitute a waiver, affect or diminish either party’s
rights to other remedies either under any applicable law or by equity.

 

EFFECTS OF TERMINATION

 

12. 1       Upon
termination or expiration of this Agreement for any reason, the performance of obligations of both parties under this Agreement
shall cease; however, the following provisions of this Agreement shall survive: Section 5 (Proprietary Rights and Marks), Section
6 (Confidentiality), Section 9 (Limited Warranty), Section 10 (Indemnity/Limitation of Liability), Section 11 (Termination), Section
12 (Effects of Termination), Section 13.10 (Governing Law/Disputes), and Section 13.5 (Relationship of Parties

 

12.2        Upon termination,
cancellation or expiration of this Agreement for any reason:

 

(a)          Distributor
shall be obligated to pay, and shall pay Itamar the balance of any and all payments due to Itamar for units of the Products ordered
up to and including the date of termination in accordance with the set payment schedule for such payments. Any unpaid amount shall
accrue interest as set forth in Section 8.3(b) above; upon such payment, Itamar shall deliver said units;

 

(b)          Distributor
may sell further any unsold inventory of its Products. To the extent permitted by applicable law, such sales shall be at prices
no less than those listed as the End User List Price on the Data Exhibit. As soon as Distributor no longer has any unsold inventory,
Distributor shall remove all reference to Itamar, if any, from its letterhead, business forms, advertising literature, and place
of business, shall cease to use any name or Proprietary Mark of Itamar and shall refrain from representing itself as a sales representative
or distributor of Itamar or from doing any act or making any representation in connection with Itamar’s Products;

 

(c)          Distributor
and Itamar shall promptly return to the other party any Confidential Information, Documentation as well as all sales data, price
lists, catalogues, advertising literature and display material in respective possession;

 

(d)          All
licenses granted pursuant to Section 2 shall be terminated;

 

(e)          Distributor
shall transfer to Itamar, or its designees, all Required Approvals and Itamar shall pay all governmental fees Distributor has incurred
to obtain and maintain such Required Approvals up to the date of termination (including [***]). All governmental fees and other
costs related to such transfers shall be borne by Itamar. Distributor shall cooperate and provide information as necessary in order
for Itamar to make the necessary applications.

 

    	 	Page 14

     

    

 

(f)          Itamar
shall fulfill its Product delivery obligations for any Orders fully paid for in advance except in the event this Agreement was
terminated or cancelled in accordance with any of the provisions of Section 11.2 above, notwithstanding anything to the contrary.

 

MISCELLANEOUS PROVISIONS

 

13.1         Notices
and other communications under this Agreement shall be in writing and sent to each Party at its address, electronic mail or fax
number set forth herein or, in the event of a change in any address, electronic mail, or fax number, then to such other address,
electronic mail, or fax number as to which notice of the change is given. Notice will be deemed given twenty-four (24) hours after
it was sent by electronic mail or fax or five (5) days after it was sent by registered mail.

 

13.2         This
Distribution Agreement, together with the Data Exhibit and appendices referred to herein which are an integral part hereof, sets
forth the entire agreement between the parties on the subject hereof and supersedes any previous agreement, understanding, memorandum,
letter of intent or representation on the subject matter hereof. This Distribution Agreement may be amended only by written agreement
signed by the duly empowered representatives of both parties.

 

13.3         This
Distribution Agreement may not be assigned by either Party without the prior written consent of the other party, except that Itamar
and Distributor may assign this Distribution Agreement to any entity which is the successor to any part of its business related
to this Distribution Agreement by merger or change of control transaction, or to any party which acquires all or substantially
all of its assets related to this Distribution Agreement, provided that such entity agrees to assume all obligations of the assigning
party under this Distribution Agreement from and after the date of such assignment.

 

13.4.       
Any failure by either party to enforce any provision of this Distribution Agreement on one occasion shall in no way constitute
a waiver or affect its right to require the performance thereof by the other party nor affect the validity of such provision or
any other provision of this Distribution Agreement, except when this Agreement expressly provides otherwise.

 

13.5         This
Distribution Agreement is not intended by the parties to constitute or create a joint venture, pooling arrangement, partnership,
agency, employer-employee relationship or a formal business organization of any kind. Itamar and Distributor shall be independent
contractors with each other for all purposes at all times and no party shall act, as or hold itself out as, agent for the other,
unless so designated in a separate agreement signed by the principal. None of the parties shall bind or attempt to bind any other
party to any agreement or to the performance of any obligation, nor shall any party represent that it has the right to enter into
any undertaking on behalf of the other.

 

13.6         Non-performance
of a Party (other than for the payment of money) shall be excused to the extent that performance is rendered impossible by strike,
fire, earthquake, flood, governmental acts or orders or restrictions, terrorist acts, failure of suppliers, or any other reason
where failure to perform is beyond the reasonable control and not caused by the negligence, intentional conduct or misconduct of
the non-performing Party.

 

    	 	Page 15

     

    

 

13.7         If
any provision of this Agreement or the application thereof to any person or entity or circumstance is invalid or unenforceable
to any extent, the remainder of this Agreement and the application of such provisions to other persons or entities or circumstances
shall not be affected thereby and shall be enforced to the greatest extent permitted by law.

 

13.8         Each
party agrees that a breach of the obligations of Sections 5 PROPRIETARY RIGHTS AND MARKS or 6 CONFIDENTIALITY will result in the
substantial likelihood of irreparable harm and injury to the other party, for which monetary damages alone would be an inadequate
remedy, and which damages are difficult to accurately measure. Accordingly, each party agrees that the other party shall have the
right to obtain immediate injunctive relief, in addition to any other rights and remedies available at law or in equity, including
without limitation, the right to terminate this Agreement and seek damages or other legal or equitable relief allowed by the federal
and state courts.

 

13.9         Neither
Party shall disclose, publicize or advertise in any manner the discussions or negotiations contemplated by the Agreement without
the prior written consent of the other Party, except as may be required by law.

 

13.10       Governing
Law; Disputes. This Agreement and all Orders issued shall be governed by and construed in accordance with the laws of New York,
New York, United States of America. The competent courts and tribunals situated in Manhattan, New York, United States of America
shall have sole and exclusive jurisdiction in any dispute or controversy arising out of or relating to this Distribution Agreement.

 

	ITAMAR MEDICAL LTD	 	Philips Respironics GK (“Distributor”)
	 	 	 
	By:	/s/ Eldad Singer	 	By:	/s/ Danny Risberg
	Name:	Eldad Singer	 	Name:	Danny Risberg
	Title:	President, Itamar	 	Title:	Executive Manager
	 	Medical Japan	 	 	 
	 	VP Sales, Itamar Medical	 	 	 
	 	Feb 24, 2014	 	 	 

 

    	 	Page 16

     

    

 

APPENDIX A

Support and other optional services to be provided by Distributor

 

Itamar-Medical Ltd. offers following
optional software and hardware Extended Service Plan for Itamar products including, but not limited to:

 

	 	·	Free software updates when released

 

	 	·	Hardware troubleshooting and support

 

	 	·	Software troubleshooting and support

 

	 	·	Free Remote training for product operation (up to 4 hours per year)

 

	 	·	Preventive Maintenance includes pro-active part replacements

 

	 	·	Device diagnosis and software support through phone callor email (support available 9 AM to 5 PM)

 

    	 	Page 17

     

    

 

APPENDIX B

Format of Quarterly Report to be sent to Company

 

	No	 	Date of sold	 	Product/Item	 	S/N	 	Name of account	 	Name of End user	 	Address	 	Phone #	 	Note
	1	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	2	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	3	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	4	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	5	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	6	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	7	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	8	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 

 

    	 	Page 18

     

    

 

APPENDIX C

 

For the duration of the Agreement and subject
to Itamar’s full compliance with its obligations hereunder, Itamar is granted the right to use the wordmark PHILIPS
as specified on www.ourbrand.philips.com at which the ID and password for the site will be informed from Distributor, in printed
advertising matter as well as on-line advertising communications, in its showrooms and exhibition stands, for the sole purpose
of advertising the Distributor Products in Israel, and in accordance with the following:

 

-           Insofar
as advertisements, showrooms and exhibition stands or other promotional content include the promotion of non-Distributor branded
products, Itamar shall follow Itamar’s trading style and identity.

 

-           Itamar
is not allowed to use the Philips Shield or the tag line “Innovation and you”.

 

-           Itamar
is not entitled to register or use any domain name or URL containing the name Philips or any other trademark of Distributor or
any of Distributor’s affiliates.

 

-           Unless
previously approved by Distributor in writing, Itamar is not authorised to use the wordmark PHILIPS or any other trademark
of Distributor or any of Distributor’s affiliates in search engines advertising, including but not limited to the Adwords
program of Google.

 

-           The
application and use of the wordmark PHILIPS may only occur in a form previously approved by Distributor in writing. Itamar
shall provide Distributor with drafts of the proposed use of the wordmark PHILIPS and await approval from Distributor in
writing, before commencing use of the wordmark PHILIPS. If Distributor rejects the proposed use of the wordmark PHILIPS,
Itamar will modify the use in accordance with Distributor’s directions. Artwork will be provided by Distributor upon Itamar’s
request.

 

If, in Distributor's opinion, Itamar does
not adhere to the requirements and directions provided by Distributor and Itamar fails to remedy this deficiency within one month
following receipt of a written notification from Distributor, Distributor may withdraw the permission forthwith.

 

Itamar will not be entitled to use for
its own activities any statutory name, trade name, or other name, indication or description, of which the name Philips, any name
similar thereto or any other trademark of Distributor or the Philips group of companies forms part.

 

Itamar hereby acknowledges all right, title
and interest of the registered proprietor Koninklijke Philips N.V. in and to the name Philips and the wordmark PHILIPS.
Itamar shall not obtain any rights to said name or trademark by virtue of the use and/or marketing of the Distributor Products
marked or branded with said name and/or trademark and the applications therefor as permitted hereunder shall not be construed as
use for Itamar's benefit.

 

Upon termination of the Agreement for any
cause, Itamar shall cease all uses of the name Distributor and the wordmark PHILIPS.

 

    	 	Page 19

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