Document:

Exhibit 10.9

 

TURN - KEY MANUFACTURING AGREEMENT

 

This Turn - Key Manufacturing Agreement (the
“Agreement”) is effective as of the 1.4.2011 (the “Effective Date”) by and between:

 

INVASIX LTD., with a principal place
of business at Tavor Building, Shaar Yokneam, POB 533, Yokneam 20692, Israel. Hereinafter referred to as “Customer”

 

And

 

FLEXTRONICS ISRAEL LTD. with a principal
place of business at Industrial Zone Migdal Haemek 23108 P.O.B. 867, Israel. Hereinafter referred to as “Contractor.”

 

		Whereas	Customer designs, manufactures and sells the Products as
defined in Exhibit A attached hereto, which includes subassemblies components and know- how, that is confidential
and proprietary property of Customer;

		Whereas	Customer desires to buy manufacturing services;

		Whereas	Contractor is in the business of Turn – Key projects;

		Whereas	Customer acknowledges that Contractor’s expertise is manufacturing and that Contractor’s responsibility
related to the Customer’s Products is limited to this extent;

		Whereas	Contractor declares that it has all the capabilities to
supply manufacturing services for Customer’s Products; and

		Whereas	Contractor desires to sell and deliver its manufacturing
services in accordance with Customer specifications all subject to the terms and conditions contained herein.

 

Now therefore, the parties hereto have agreed
and do hereby agree as follows:

 

		1.	Precedence

		1.1	The terms and conditions and appendices herein shall govern all services performed by Contractor
pertaining to the subject matter.

		1.2	It is the intent of the parties that this Agreement and
its appendices represent the entire agreement and prevail over the terms and conditions of any purchase order, acknowledgment
form or order instruction.

 

		2.	Term

This Agreement shall commence on
the Effective Date and shall continue for an initial term of year as of the Effective Date. This Agreement shall automatically
be renewed for successive one (1) year increments unless either party request in writing, at least ninety (90) days prior to the
anniversary date, that this Agreement not to be renewed.

 

		3.	Scope Of Work

Contractor will, pursuant to the
written specifications given by Customer and pre approved by Contractor (“Specifications”), perform manufacturing services
on behalf of Customer. These manufacturing services shall include, but not be limited to, labor, materials, testing, packaging
and delivery to Customer, all subject to the terms and conditions contained in this Agreement.

 

     

     

    

 

		4.	Contractor’s Obligations

		4.1	Contractor shall provide Customer with the following services:

-   Material
planning

-   Material
procurement

-   Incoming
Inspection

-   Assembly
of printed circuit boards & cables

-   Final
assembly & integration of the Product

-   In
Circuit test

-   Functional
test

-   Packaging
and delivery

		4.2	Customer’s
                                         production facilities

Contractor will be obliged to allocate
to Customer, production and storage space as well as trained production and testing personnel as an integral part of this Agreement.
Contractor shall apply for and receive the ISO13488 standard for the production facility, by no later than                .
During the term of this Agreement, the manufacturing services provided by the Contractor hereto shall confirm in all material respects
with the ISOl3488 standard.

 

		5.	Customer’s obligations

Customer will provide the following:

-   Technical specifications

-   Standard
Operation Procedures

-   Drawings

-   Bill
of Materials

-   Approved
Vendors list

-   Gerber
data, CAD files

-   Quality
requirements

-   Technical
support, as required

-   Any
additional information reasonably requested by Contractor or otherwise required hereunder.

 

		6.	Material Procurement

The material procurement undertaking,
pursuant to this Agreement, will be carried-out by the Contractor.

		6.1	Contractor is authorized
                                         to purchase materials using standard purchasing practices including, but not limited
                                         to acquisition of materials recognizing Economic Order Quantity, ABC buy policy and long
                                         lead time components management, in order to meet the requirements of Customer’s
                                         orders and forecasts.

 

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		6.2	Economic
                                         Order Quantity (“EOQ”) for items
                                         which are un-returnable to vendor or unusable for other clients of the Contractor must
                                         be pre-approved by Customer. For such pre-approved EOQ’s, Customer shall advance
                                         to the Contractor sums on account of future deliveries equal to the cost attributed to
                                         the quantity ordered exceeding the 3 months forecast.

		6.3	Long
                                         Lead Items

In order to manage demand fluctuations
Contractor shall suggest from time to time a list of LLI’s to be approved by the Customer. Contractor shall maintain in inventory
certain quantities of LLI. “LLI” shall mean Long Lead Item materials required in order to complete manufacture and supply
of Products. For the avoidance of doubt Customer shall have no additional liability with respect to the holding of LLI other than
the liability provided herein below.

The usage of LLI by Contractor for
the manufacture of Items shall be by a written order by Customer in accordance with this Agreement, stipulating the quantity Customer
wishes Contractor to use. If Contractor holds LLIs based on any written requirement for more than three (3) months, Customer shall
be required to purchase such LLIs at their direct costs plus a handling fee of 2% of Product price. The purchase terms of such
LLI’s, set forth in Section 8.2 hereof.

		6.4	Contractor is responsible for monitoring supplier’s
quality, according to the Specifications provided by Customer for all purchased materials.

		6.5	In the event of termination of this Agreement or a cancellation
of a Purchase Order, and/or discontinuance of a Product, or excess materials created by an Engineering Change, Customer agrees
to compensate Contractor for unused material inventory which are affected by such termination, cancellation or discontinuance,
as follows:

		(i)	The cost of material inventory, whether in raw form or
work in process, which are not returnable to the vendor without charge (unless the charge was approved by Customer, or usable
for other Contractor’s customers, including EOQ of unique parts.

		(ii)	The cost of materials on order which cannot be cancelled
without charge (unless the charge was approved by Customer.

		(iii)	To the above applicable compensation, the Contractor shall
be entitled to a handling fee of 2% of the compensation due. The compensation under this Sub-section shall be the sole compensation
due to Contractor with respect to handling the Products/materials.

		(v)	Payment shall be made to Contractor against delivery of
the compensated materials to Customer. The compensation for finished Products is as set out in Section 7.3 below.

		6.6	Contractor shall use its commercially reasonable efforts
to cancel all applicable materials purchase orders and reduce materials inventory through return for credit programs or allocate
materials for alternate programs, if applicable.

Without derogating from the aforesaid,
Customer shall pay in advance the same amount it is obligated to pay under this Section 6, on account of such inventory. Such advance
shall be non refundable except to the extent such inventory was consumed by Contractor in order to manufacturing Customer’s Products
under this Agreement.

 

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		7.	Forecasts and Purchase Orders

		7.1	Customer shall issue to Contractor, on a monthly basis,
a six (6) month rolling forecast setting forth projected demand for the Products (the “Forecast”).

Contractor shall use all reasonable
commercial efforts, including expediting materials and allocating capacity, in order to support Customer’s request for increased
production.

		7.2	Contractor will supply all orders that do not exceed the
forecast at the delivery times set forth in each Purchase Order. In the event Contractor anticipates at any time that it will
not deliver Products within the prescribed timetable as set forth in the applicable Purchase Order, Contractor shall promptly
so inform Customer by written notice of such delay. Contractor shall submit proposed revisions to the timetable that reflect Contractor’s
best estimates of what can realistically be achieved and shall use its best commercial efforts to achieve such timeline, unless
otherwise directed by Customer and confirmed by Contractor.

		7.3	Purchase
                                         Orders. Customer will issue written purchase orders, which specify all Products to be
                                         delivered within a minimum three (3) months period commencing on the date of acceptance
                                         of the purchase order by Contractor (“Purchase
                                         Order”). Contractor shall accept or reject
                                         (in writing summarizing the rejection causes) each Purchase Order according to its terms
                                         (including the delivery date) within five (5) working days of receipt of such order,
                                         if an order has not been confirmed within such period it shall be deemed rejected.

		7.4	Finished Goods Inventory

		7.4.1	In order to manage demand fluctuations, Contractor shall maintain an amount of additional units
of each Product as FGI, in a minimum level of two (2) weeks of supply and a maximum of four (4) weeks of supply of each Product
set forth in the most recent Customer’s Forecast. “FGI” shall mean rolling finished goods inventory that Contractor shall
be obligated to hold in inventory for Customer in addition to any Purchase Order amounts. The actual quantity of FGI required to
be held by Contractor will be specified on a monthly basis in a formal document provided by Customer to Contractor for this
purpose. For the avoidance of doubt Customer shall have no additional liability with respect to the holding of FGI other than the
liability provided in Section 7.4.3 below.

		7.4.2	When Customer draws from the FGI, Contractor shall replenish the FGI no later than sixty (60) days
from such date that Customer draws from FGI, provided the drawing of FGI shall be by the issuance of a written order by Customer
in accordance with this Agreement, stipulating the quantity Customer wishes to withdraw from the FGI.

		7.4.3	If Contractor holds any FGI based on any forecast for more than three (3) months from the original
delivery date specified in the applicable purchase order, Customer shall be required to purchase any and all such goods from Contractor
for 100% of Contract Price of such goods and Section 8.3 below shall not apply.

 

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		7.5	Customer tooling, etc.

All
Customers’ materials, tooling and equipment furnished to Contractor or paid for by Customer in connection with this
Agreement and all paid for Products shall be clearly marked and remain the Customer’s property. Contractor will
maintain the tooling as provided in Exhibit B.

 

		8.	Customer Liability for Forecasts

		8.1	Customer’s liability with respect to any and all
demand signals provided by Customer, including but not limited to “purchase orders,” “forecasts,” “schedules,”
“pick lists,” with respect to any Products manufactured, produced, procured, stored or delivered by Contractor, including,
but not limited to, any direct or indirect costs related thereto or related to components, work in progress and/or raw materials
shall be limited to the amounts set forth in this Section 8 with respect to finished Products and in Section  6 concerning
components, work in progress and/or raw materials.

		8.2	In the event that Customer has either cancelled or delayed
delivery of a Purchase Order and Customer has not taken delivery of the Products ordered under that Purchase Order within three
(3) months from the original delivery date, then; (i) Contractor shall submit a claim for reimbursement for such cancelled or
delayed Products within thirty (30) days from the end of such three (3) month period; (ii) Customer shall be liable to pay Contractor
100% of the Contract Price of such cancelled or delayed Products and (iii) Contractor shall hold the cancelled or delayed Products
in its inventory and make them available to Customer (upon Customer’s request) for a period of six (6) months from receipt
of payment for such Products free of charge. 30 days before the lapse of the 6  month period, the Contractor shall notify
the Customer of the upcoming lapse of the term. In the event that Customer, at its sole discretion, decides to repurchase any
(or all) of the Products in said Period, and subject to the fulfillment of all Customer’s obligations in this Sections 8.2
(i.e. 100% of the Contract Price has been paid to Contractor), then the price for such repurchase shall be 0% of the Contract
Price. Thereafter, the Customer shall pay Contractor all direct costs in connection therewith. Provided Customer hereby authorizes
Contractor to transfer such Products to a warehouse operated by Contractor or a third party as instructed by Customer.

		8.3	In the event that
                                         for any reason whatsoever, Customer has not ordered any Products for a period of three
                                         (3) months, then: (i) Contractor shall submit a claim for reimbursement for Products
                                         that were forecasted for the upcoming three months in the last Forecast sent three (3)
                                         months ago (the “Last Forecast”); (ii) Customer shall be liable to
                                         pay Contractor: 100% of the Contract Price of the Product s forecasted for days 0-30
                                         in the Last Forecast which were not delivered to Customer; and (iii) Contractor shall
                                         hold the Forecasted Products in its inventory and make them available to Customer (upon
                                         Customer’s request) for a period of six (6) months of receipt of payment for such
                                         Products free of charge. 30 days before the lapse of the 6 month period, the Contractor
                                         shall notify the Customer of the upcoming lapse of the term. In the event that Customer
                                         at its sole discretion decides to repurchase any (or all) of the Forecasted Products
                                         in said Period and subject to the fulfillment of all Customer’s obligations in
                                         this Section 8.3 (i.e. 100% of the Contract Price has been paid to Contractor), then
                                         the price for such repurchase shall be 0% of the Contract Price. Thereafter, the Customer
                                         shall pay Contractor all direct costs in connection therewith. Provided Customer hereby
                                         authorizes Contractor to transfer such Products to a warehouse operated by Contractor
                                         or a third party as instructed by Customer.

 

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		9.	Quality

		9.1	Contractor shall permit Customer to audit its quality procedures,
upon three (3) business day advance written notice to Contractor and shall provide all assistance which is reasonably necessary
for Customer to evaluate the quality of the Products.

		9.2	Contractor shall maintain quality assurance standards in
accordance with ISO 13488, Seller’s Quality Assurance, Control and Inspection shall be in compliance with all material ISO
13488 standards during the Terms of this Agreement.

		9.3	If a Product did not pass Customer’s Automatic Test
Process then Contractor will perform two rounds of repairs on the Product, if after such two rounds the Product still did not
pass the ATP then Contractor will send the Product with a qualified personnel to Customer for repair. If after Customer tried
to repair the Product and failed Customer will be obligated to pay for such defected product (if the reason is other than workmanship).

 

		10.	Express Limited Warranty

For the purpose of this Agreement,
“Warranty Period” shall mean twelve (12) months as of the date of delivery to Customer. Contractor represents and warrants
that, for the Warranty Period, the Products (i) will be free from defects in workmanship, material (only to the same extent as
the original manufacturer of the material warrants the Contractor), and manufacture; (ii) will comply the Specifications IPC610.B
standard (in all material respects and unless otherwise was instructed by Customer). Contractor further represents and warrants
that the Product will consist of new materials. The warranty provided in this Section shall not apply to (1) Customer’s materials,
tooling and equipment (2) Products modified by Customer or any third party without Contractor’s prior written consent, (2) Products
installed or operated by Customer or any third party in a manner inconsistent with the Specifications or the terms and conditions
of this Agreement, or (3) Products damaged, abused, altered or misused by Customer or any third party, or as the result of fire,
casualty, or other external cause (4) defects resulting directly or indirectly, wholly or partially, from Customer’s Specifications
or the design of the Products, (5) First articles, prototypes, pre-production units, test units or other similar Products.

Upon any failure of a Product to
comply with the above warranty, Contractor’s sole obligation, and Customer’s sole remedy, is for Contractor, at its option, to
promptly repair or replace such Product and return it to Customer freight prepaid. Customer shall return Products covered by the
warranty freight prepaid after completing a failure report and obtaining a return material authorization number from Contractor
to be displayed on the shipping container. Customer shall bear all risks, costs and expenses, associated with Products that have
been returned to Contractor for which there is no defect found and/or with Products not covered under the warranty above.

 

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Customer will not pass through to
end users or other third parties the warranties made by Contractor under this Agreement. Furthermore, Customer will not make any
representations to end users or other third parties on behalf of Contractor, and Customer will expressly indicate that the end
users and third parties must look solely to Customer in connection with any problems, warranty claim or other matters concerning
the Product.

EXCEPT AS SPECIFICALLY SET FORTH
HEREIN, CONTRACTOR MAKES NO OTHER WARRANTIES OR CONDITIONS ON THE PRODUCTS, EXPRESS, IMPLIED, STATUTORY, OR IN ANY OTHER PROVISION
OF THIS AGREEMENT OR COMMUNICATION WITH CUSTOMER, AND CONTRACTOR SPECIFICALLY DISCLAIMS ANY IMPLIED WARRANTY OR CONDITION OF MERCHANTABILITY
OR FITNESS FOR A PARTICULAR PURPOSE.

 

		11.	Engineering Changes

		11.1	Customer may, upon advance written notice to Contractor,
submit engineering changes for incorporation into the Products. Contractor will review the engineering change and report to Customer
within two (2) working days of any implications of the proposed changes. The report should include all possible implications on
materials, delivery schedule, manufacturing process, quality and product cost and shall also quote the Contractors costs for implementing
the changes.

Customer and Contractor will agree on all aspects
of implications and shall accordingly make revisions in outstanding Purchase Orders – if requested by Customer and subject to Contractor’s
consent in writing.

		11.2	Contractor shall assure quick implementation of engineering
changes.

 

		12.	Delivery and Inspection, Title and shipping

		12.1	Contractor undertakes to report to Customer once (1) a week, or per Customer request, the quantity
of Products ready for delivery

		12.2	Customer will notify Contractor, from time to time, quantities of Products and destinations to
which to ship the Products.

		12.3	If the delivery destination is within Israel, excluding port/airport (“Limited Delivery
Territory”) than the delivery shall be made by Contractor at no additional cost and to such destination of delivery Contractor
shall incur insurance transport costs. Upon delivery or the placement of an invoice by Contractor, whichever is earlier, Risk of
loss and title will pass to Customer.

		12.4	The price for Deliveries to other destinations outside the Limited Delivery Territory, including
for export will be agreed by the parties. All risk of loss, responsibility and cost shall be borne by the Customer Ex-Factory.

		12.5	To each delivery, Contractor shall include all required documentation (e.g. bill of lading, QA/QC
certificate). Upon delivery to Customer, Customer will sign the bill of lading. Such signature shall only be deemed as acknowledgement
of receipt of the delivery and not confirmation as to the delivered Products’ condition and quality.

 

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		12.6	Subject to the above limitations, the Contractor will ship
and deliver the Products according to Customer’s instructions in the best and safest means of transportation, to the extent
commercially reasonable.

 

		13.	Price and Price Reviews

		13.1	Pricing conditions for manufacturing services supplied under this Agreement are defined in Appendix
C. All prices will be quoted in US Dollars.

		13.2	Price Review. Contractor and Customer will meet every three (3) months, during the
term of this Agreement to review pricing and determine the actions required by both sides in order to achieve cost reduction. The
new prices that will be agreed to and the said new prices will come into effect, will be reflected in the Purchase Orders submitted
after such review.

		13.3	It is agreed that, for the sake of facilitating uninterrupted
manufacturing, Contractor may purchase materials for Customer’s Products at prices higher than those agreed to with the
following limitations:

		13.3.1	For price change which has a cost impact less than US $200,
based on one (1) quarter consumption will not require prior authorization from Customer. Contractor will be obliged to submit
comprehensive written report to Customer, subsequent to such event.

		13.3.2	For price change which has cost impact greater than US $200, based on one (1) quarter consumption
will require prior written authorization from Customer.

		13.3.3	Customer shall answer urgent requests for approvals for price change, within three (3) working
days.

		13.3.4	Maintain Credit Line. Customer agrees to provide all necessary financial information required by
Contractor from time to time and as available to Customer in order to make a proper assessment of the creditworthiness of Customer.
That includes full annually audited financials statements and, subjected the credit limit analysis request, Quarterly financial
statements (P&L, BS and Cash Flow statements). Contractor will, in good faith, review Customer’s creditworthiness periodically
and may provide more favorable terms once it feels it is prudent to do so.

		13.3.5	Upon Contractor’s request at any time during the term of this Agreement, Customer shall obtain
and maintain appropriate securities, such as letter of credit, escrow account, bank guarantees and /or pre-payments in an amount
equal to the total value of all risks associated with the performance of any of the services under this Agreement, on an aggregate
basis.

 

		14.	Terms of Payments

		14.1	Contractor will invoice Customer per each delivery or as
provided in Sections 6 and 8 hereinabove. The invoice shall include all purchase order details. The invoice will be quoted in
US Dollars.

		14.2	Contractor and Customer agree to terms of payments of current
plus thirty (30) days from the date of invoice. Payment shall be affected in US Dollars.

 

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		15.	Termination

		15.1	Termination for cause

If either party fails to meet anyone
or more of the terms and conditions as stated in either this Agreement or the Appendices, Contractor and Customer agree to negotiate
in good faith to resolve such default. If the defaulting party fails to cure such default or submit an acceptable written plan
to resolve such default within thirty (30) days following notice of default, the non-defaulting party shall have the right to terminate
this Agreement by furnishing the defaulting party with sixty (60) days written notice of termination.

		15.2	Termination without cause

Notwithstanding anything to the
contrary stated in this Agreement, either party may terminate this Agreement at any time without cause by giving to the other party,
not less than four (4) months written notice.

		15.3	A Party may immediately terminate this Agreement should
the other party:

		(i)	become insolvent;

		(ii)	enter into or filing a petition, arraignment or proceeding seeking an order for relief under the
bankruptcy/insolvency laws of its respective jurisdiction;

		(iii)	enter into a receivership of any of its assets; or

		(iv)	enter into a dissolution of liquidation of its assets or
an assignment for the benefit of its creditors.

 

		16.	Effect of Termination

		16.1	in the case of termination, unless otherwise stipulated and subject to Customer fulfillments
                                                                               of all its payments obligations under this Agreement, Contractor will deliver all Products, materials to Customer and
                                                                               Customer will pay all amounts due under this Agreement, for all Products, materials mentioned on a Purchase Order or Change
                                                                               Order accepted by Contractor before expiration or termination date.

		16.2	Except where the termination is a result of Contractor’s
material default Customer agrees to compensate Contractor for Products and materials as stipulated in Sections 6 and 8 of this
Agreement.

		16.3	Each party will promptly return to the other party, all.
technical documentation (e.g. drawings, work instructions, data and design sheets) and/or Confidential Documents related to the
present Agreement

		16.4	Subject to Customer fulfillments of all its obligations
under this Agreement, Contractor will return to customer all consigned materials, equipment and tooling stipulated in section
7.5 of this Agreement.

 

		17.	Dispute Resolutions

		17.1	In the spirit of continued cooperation, the parties intend
to and hereby establish the following dispute resolution procedure to be utilized in the unlikely event any controversy should
arise out of or concerning the performance of this Agreement.

		17.2	It is the intent
                                         of the parties that any dispute be resolved informally and promptly through good faith
                                         negotiations between Contractor and Customer. Either party may initiate negotiation proceedings
                                         by written notice to the other party setting forth the particulars of the dispute. The
                                         parties agree to meet in good faith to jointly define the scope and method to remedy
                                         the dispute. If these proceedings are not productive of a
                                         resolution, then senior management of Contractor and Customer are authorized to
                                         and will meet personally to confer in a bona fide attempt to resolve the matter.

  

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		17.3	Should the foregoing procedure not bring a mutually satisfactory
solution within 30 days, each party will be free to proceed according to applicable law.

 

		18.	Limitation of Liability

		18.1	Customer shall
                                         defend, indemnify and hold harmless Contractor from all claims, liabilities, costs, damages,
                                         judgments and attorney’s fees resulting from or arising out of any alleged and/or
                                         actual infringement or other violation of any patents, patent rights, trademarks, trademark
                                         rights, trade names, trade name rights, copyrights, trade secrets, proprietary rights
                                         and processes or other such rights elated to the Product or claims relating to Customer’s
                                         instructions, tooling, specifications and designs (“Claims”) provided
                                         that: (i) Contractor will provide the Customer with prompt written notice of any Claim
                                         no later than three (3) business days following receipt of notice by Contractor; (ii)
                                         Contractor will grant Customer sole control of the defense and settlement of Claims,
                                         taking into account any reasonable request of Contractor; and (iii) Contractor will provide
                                         Customer with reasonable assistance, at Customer’s sole expense. Customer assumes
                                         no liability for any Claims made by any third party to the extent that such Claims result
                                         from the use of specifications other than the Specification, unaltered by Contractor
                                         or anyone on its behalf. If such Claim is brought, or Customer in good faith determines
                                         a Claim is likely to be made, Customer shall notify Contractor and either: (1) procure
                                         for Contractor the right to continue to perform this Agreement; (2) modify the Specification
                                         so that there will no longer be an infringement or misappropriation or (3) terminate
                                         this Agreement and pay Contractor the consideration due under this Agreement for all
                                         services performed until the date of termination, including all payments set forth in
                                         Sections 6 and 8.

		18.2	Contractor shall defend, indemnify and hold harmless Customer
from all claims, liabilities, costs, damages, judgments and attorney’s fees resulting from or arising out of any alleged
and/or actual infringement or other violation of any patents, patent rights, trademarks, trademark rights, trade names, trade
name rights, copyrights, trade secrets, proprietary rights and processes or other such rights as a result of the manufacturing
methods employed by Contractor but excluding Claims as defined above) (“Manufacturing Claims”) provided that:
(i) Customer will provide Contractor with prompt written notice of any Manufacturing Claim no later than three (3) business days
following receipt of notice by Customer; (ii) Customer will grant Contractor sole control of the defense and settlement of Manufacturing
Claims, taking into account any reasonable request of Customer; and (iii) Customer will provide Contractor with reasonable assistance,
at Contractor sole expense. If a Manufacturing Claim is brought, or Contractor in good faith determines a Manufacturing Claim
is likely to be made, Contractor shall notify Customer and either: (1) procure for Customer the right to continue to perform this
Agreement; (2) modify its manufacturing methods so that there will no longer be an infringement or misappropriation or (3) terminate
this Agreement.

 

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		18.3	THE FOREGOING STATES THE ENTIRE LIABILITY OF THE PARTIES
TO EACH OTHER CONCERNING INFRINGEMENT OF PATENT, COPYRIGHT, TRADE SECRET OR OTHER INTELLECTUAL PROPERTY RIGHTS.

		18.4	No Other Liability. IN NO EVENT SHALL EITHER PARTY
BE LIABLE TO THE OTHER FOR ANY INCIDENTAL, CONSEQUENTIAL, SPECIAL OR PUNITIVE DAMAGES OF ANY KIND OR NATURE ARISING OUT OF THIS
AGREEMENT OR THE SALE OF PRODUCTS, WHETHER SUCH LIABILITY IS ASSERTED ON THE BASIS OF CONTRACT, TORT (INCLUDING THE POSSIBILITY
OF NEGLIGENCE OR STRICT LIABILITY), OR OTHERWISE, EVEN IF THE PARTY HAS BEEN WARNED OF THE POSSIBILITY OF ANY SUCH LOSS OR DAMAGE.
AND EVEN IF ANY OF THE LIMITED REMEDIES IN THIS AGREEMENT FAIL OF THEIR ESSENTIAL PURPOSE. IN ADDITION, NOTWITHSTANDING ANYTHING
TO THE CONTRARY HEREIN OR OTHERWISE, THE PARTIES ACKNOWLEDGE THAT AS AN ELECTRONIC MANUFACTURING SERVICES PROVIDER WORKING ON
A COST PLUS BASIS SUPPLIER MUST LIMIT ITS LIABILITY IN CONNECTION HEREWITH AND THEREFORE, CONTRACTOR’S LIABILITY IS FURTHER
LIMITED IN ANY EVENT, UNDER ANY LAW, RULE OR REGULATION, TO ANY AMOUNT IT ACTUALLY RECEIVED IN CONSIDERATION OF THE MANUFACTURING
SUBJECT MATTER OF THE RESPECTIVE CLAIM OR DEMAND BY CUSTOMER OR ANY THIRD PARTY.

 

		19.	Confidentiality

			Customer’s product and designs contain certain elements
that are proprietary to Customer. Furthermore, in the course of this agreement, technical and commercial information of the Customer
may be revealed or become known to the Contractor. Contractor shall keep in confidence all information relating to the foregoing,
shall not use any part of it for any purpose except the performance of this Agreement or in connection therewith, and shall not
enable any third party to use ft without the prior written consent of Customer or unless such information becomes public domain.
Contractor shall ensure that all employees who directly participate in any of the services performed under this Agreement and
may accordingly receive certain confidential information of the Customer are subject to similar non-disclosure and non-use undertakings
and are made aware of the proprietary and confidential nature of the information.

The provisions of this Section 19
shall survive termination or expiration of the Agreement.

 

		20.	Non-Competition

		20.1	The Contractor and the Customer will not be allowed to
employ employees of the other party, directly or indirectly, for one (1) year from the date the employee has ceased to be employed
by the other party. The above mentioned restriction may be waived by either party provided that it is done by a written and specific
consent.

 

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		20.2	During the Term, of this Agreement and for an additional
period of two (2) years from the date of termination of this Agreement, the Contractor undertakes not to develop on its own account
any Product.

 

		21.	General

		21.1	Force Majeur. Neither party shall be liable for any failure
or delay in its performance under this Agreement due to acts of God, acts of civil or military authority, fires, floods, earthquakes,
riots, wars, sabotage, labor disputes, material unavailability due to unwarranted production stoppage by supplier or any other
cause beyond the reasonable control of the delayed party provided that the delayed party, (i) gives the other party written notice
of such cause, and (ii) uses its reasonable efforts to remedy such delay in its performance.

		22.2	Severability. If any provision of this Agreement is held
by a court of competent jurisdiction to be unenforceable, such provision shall be deemed null and void, and the remainder of the
Agreement shall continue to be in full force and effect, while the parties shall negotiate in good faith to replace the provision
with another enforceable one reflecting as closely as possible the parties initial intention.

		22.3	Relationship of the Parties. Each of the parties shall
at all times during the term of this Agreement act as, and shall represent itself to be, an independent contractor. Neither Party
shall have any right or authority to assume or create any obligations or to make any representations or warranties on behalf of
the other parry whether express or implied, or to bind the other party in a respect whatsoever.

		22.4	Governing Law. The construction, interpretation and performance
of this Agreement and all transactions under it shall be governed by the law of the State of Israel, without giving effect to
choice of law rules, and both Parties consent to jurisdiction by the courts of the City of Haifa.

		22.5	Choice of Language. The original of this Agreement has
been written in English. Any notices provided by any party as required by this Agreement shall be written in the English language.

		22.6	Notifications. Any and all notices and other communications
whatsoever under this Agreement shall be in writing, sent by registered mail or by, email or facsimile to the address set forth
above. Notices sent via registered mail shall be deemed to have been delivered within 3 business days after the date posted. With
regards to the normal course of business, notices sent via email or facsimile shall be deemed to have been received 1 business
day following the date of transmission.

		22.7	Entire Agreement. No amendment of this Agreement will be
valid unless made in writing signed by a duly authorized representative of both parties. No provision of this Agreement will be
deemed waived and breach or default excused unless the waiver or excuse is in writing and signed by the party issuing it. The
terms and conditions contained in this Agreement terminate and supersede all prior oral or written understanding between the parties
and shall constitute the entire agreement between them concerning the subject matter of this Agreement.

		22.8	This Agreement may be executed in one or more counterparts,
each of which will be deemed the original, but all of which will constitute but one and the same document.

 

    	 	12	 

     

    

 

The parties agree that this Agreement and its
appendices may not be modified except in writing, signed by both parties.

		22.9	Set-off. Amounts due hereunder may not be set off except
with mutual prior written consent.

		22.10	Insurance. Customer specifically agrees to maintain insurance
coverage for any finished Products or materials which passes to Customer pursuant to this Agreement and which is stored on the
premises of Contractor.

		22.11	Successors, Assignment. This Agreement shall be binding
upon and inure to the benefit of the Parties hereto and their respective permitted successors, permitted assigns and legal representatives.
Neither Party shall have the right to assign or otherwise transfer its rights or obligations under this Agreement except with
the prior written consent of the other Party, not to be unreasonably withheld or delayed. Notwithstanding the foregoing, Contractor
shall be entitled to assign its rights to be paid hereunder to banks or first tier financial institutions.

 

In Witness whereof, the Parties have caused
this Agreement to be duly executed for and on behalf of:

  

		Flextronics (Israel) Ltd.	 	 	INVASIX LTD 514073618
	 	 	
	Contractor	 	Customer
	 	 	 	 	  
	Date: 		 	Date: 	
	 	 	 	 	 
	Name: 	 	 	Name: 	MOSHE MIZRAHY
	 	 	 	 	 
	Title: 		 	Title: 	CEO
	 	 	 	 	 
	Signature:		 	Signature:	/s/ Moshe Mizrahy

   

    	 	13	 

     

    

  

Exhibit A

 

Product's Description

Customer

Flow Meter Assy

PS Shelf Assy 

Pump Assy 

Heat Exchanger Assy 

Pump with Pneomatics Assy 

Controller to Speaker Harness 

DLP Controller Card Assy 

Distribution Card Assy 

Laser Driver Assy 

Folding Wheels Arms Assy 

DLP Controller Card + Compulab 

RF Connector Assy 

Touch Screen Assy 

Touch Panel Adaptor Assy 

EMERSON Kit Assy 

HP Fractora Firm Harness 

Harness for Dermablation 

Univer.HP Termistor PCB Card A

InMode RF HPS Set 

InMode Laser Driver Card Assem

Display Assy 

InMode IPL Card 

Reworked FootSwitch 

Preliminary Pack.Assy. 

Fractora Kit Pack. 

Fractora Plus Applicator 

Fractora Firm-Forma Firm-Forma 

Fractora 5pcs Box  Set 24 Coat 

Fractora 5pcs box set  126 pin 

RF Card Assy 75W 2Temp Sensors 

LCD Adaptor Card 

AC Filter Card Assy 

 

    	 	 	 

     

    

 

Fractora 5 Tips 60 Pin  Pack. 

BodyTite II Controller Card As

Fan Rework Assy 

Fractora 5 Tips 20 Pin Pack.

Fractora Cabinet Front Cover A 

BodyTite II Cabinet  Front Cov 

BodyTite - Shell Sample 

Fractora 5pcs Box Set 24 Pin 

DermAblate Electrode Connectio 

Body Tite Fractora-BodyFX Blue 

BodyTite RFAL Grey Platform 

BodyTite II Controller Card As 

T6  HP LED Card 

BodyTite System Packging Assy 

InMode System 2  Platform Only 

24V PSU Card Assy. 

Gear Pump Assy. 

Heat Exchanger Assy 

Flow Meter Assy 

BodyTite II Top Assy 

InModeRF Color 1 Votiva 

InModeRF Color 2 BodyTite 

InModeRF Color 3 Contura 

BodyTite Color3 FRACTORA 

InMode System 2 Color1 Optimas 

InModeRF Color 5 BodyTite PRO 

InMode System 2 Color 2 Triton 

Fract.InitialTipsKit

 

    	 	 	 

     

    

  

Exhibit B

 

Description

HP HI-POT tester

Blue wave-50(UV)

RF tester

Leakage current  TOS3200

EARTH Continuity tester TOS6210

Tester controler.Programmer memory plag.

Power Suply (For Leptop)

Komputer (LEPTOP-DELL)

Display MAG

tos5052(Hi-POT)

Load RF

Load Burn-in Test

Barcode reader(Argox)

TITE FX Testing Adaptor

Fractora-electrical test(five tips)

Jig for clening FRACTORA TIPS

Thermistor tester(FRACTORA FIRM,FRACTORA PLUS)

Thermistor mounting Tool(FRACTORA FIRM)

Tite FX Programmer

Tite FX  TESTER

Hi-POT CLIP

Thermistor mounting Tool(FRACTORA PLUS)

Fen HL2010E.(Digital display).

Lecroy wave ACE232 LCRY2101c02774(SCOPE)

TEK P5000100(PROB_)

PP016

ADAPTOR Cable Lable Applicatot

J I G -In Mode(water system check)

Jig screen assy

Jig-Laser DUMMY

Heat Exchanger washing Jig

Diolaze-Testor

CASE LAZER

FootSwith Simulator

TORC-GEDORE

In Mode TESTER

Laboratory DC  POWER SUPPLY Model:
LE3303 

Tray For 3 Pcs Laser Printing

BURNING(צורב)

Tool for assembly of Cradle Stem Screw

BODY TITE (AS601206A)

BODY TITE (AS601206A)

BODY TITE (AG600007A)

InMode Main Connector Pin-Checker JIG

InMode2 Pump Burn-in JIG

Screen LOGO Placement Jig

Side Label Placement Jig

Front Label Placement JigExhibit
10.10

 

TUNRKEY
MANUFACTURING AGREEMENT

 

This
agreement is effective as of the November 7, 2013 (the Effective Date) by and between: 

 

INVASIX
Ltd., with a principal place of business at Tavor building, POB 533, Yokneam, Israel, Hereinafter
referred to as “Customer”

 

And

 

STI
Laser Industries Ltd., with a principal place of business at Industrial Zone Or Aqiva 3065001
P.O.B. 34, Israel

 

Hereinafter
referred to as “Contractor”

 

		Whereas	Customer
designs, manufactures and sells a medical device for use in the area of liposuction which includes subassemblies, components and
know-how that is confidential and proprietary property of Customer; and

 

		Whereas	Customer
desires to buy manufacturing services; and

 

		Whereas	Contractor
is in the business of manufacturing and assemblies; and

 

		Whereas	Contractor
declares that it has an approved enterprise status for the manufacturing and assembly of medical devices, and it has no knowledge
of circumstances that should bring to the termination of such status; and

 

		Whereas	Contractor declares
that it has all the capabilities and equipment to supply manufacturing services for Customer’s Products stipulated in Appendix
A attached hereto; and

 

		Whereas	Contractor
desires to supply its manufacturing services to Customer and use in accordance with Customer specifications and standards as well
as other general commercial practices.

 

Now
therefore, the Parties hereto have agreed and do hereby agree as follows: 

 

1.
Precedence

 

		1.1	The
terms and conditions and appendices herein shall govern all services performed by Contractor pertaining to the subject matter.

 

		1.2	It
is the intent of the Parties that this Agreement and its appendices represent the entire agreement and prevail over the terms
and conditions of any purchase order, acknowledgment form or order instruction.

 

    	Turnkey Agreement November 2013
	Page 1

     

    

 

2.
Term

 

This
Agreement shall commence on the Effective Date and shall continue for an initial term until December 2014. This Agreement shall
automatically be renewed for successive one (1) year increments unless either Party requests in writing, at least ninety (90) days
prior to the anniversary date, that this Agreement not to be renewed.

 

3.
Scope of Work

 

Contractor
will pursuant to the specifications given by Customer, perform manufacturing services on behalf of Customer on a turnkey basis.
These manufacturing services shall include, but not be limited to, labor, materials, testing, packaging and delivery to Customer.

 

4. Contractor’s
Obligations

 

		4.1	Except
as otherwise expressly provided for in this Agreement, Contractor shall furnish all of the personnel, equipment (except for dedicated
equipment as listed in Clause 5 below) and any other items that are necessary or appropriate to perform the Work, and will bear
all costs and expenses involved in the maintenance, repair and operation of the Equipment and the performance of the Work. The
Personnel shall be trained and efficient and qualified to perform the Work and the Equipment shall be adequate, serviceable and
maintained in first-class operating condition, to the extent applicable. Contractor shall also, as part of the Work, apply for
and obtain all governmental permits and approvals required for the Work.

 

		4.2	Contractor
shall provide Customer among other with the following services, based on Customers written supplied procedures:

 

-   Material
planning

 

-   Material
procurement

 

-   Manufacturing
quality records

 

-   Final
assembly and integration of the Product

 

-   In
circuit test

 

-   Functional
test

 

-   Packaging
and delivery.

 

    	Turnkey Agreement November 2013
	Page 2

     

    

  

		4.3	Contractor’s
production facilities

 

Contractor
will be obliged to allocate to Customer, production and storage space as well as trained production and testing personnel as an
integral part of this Agreement.

 

Contractor
shall have the EN IS013485 standard for the production facility. During the term of this agreement, the manufacturing services
provided by the Contractor hereto shall confirm in all respects with the EN ISO13485 standard.

 

5.
Customer’s obligations

 

Customer
will provide the following:

 

-  Dedicated
Equipment according to the Customer’s assembly instructions (Annex I)

 

Whereas
the Contractor shall be responsible for the routine maintenance of Customer’s dedicated equipment (as listed in Annex I), the Customer
shall bear all expenses required for annual calibration on a cost + 20% basis.

 

All
necessary equipment validations (related to Dedicated Equipment) shall be solely under Customer’s responsibility. Contractor will
support such activities as may be requested by Customer but Customer shall bear the responsibility and all related expenses.

 

-  Technical
specifications

 

-  Standard
Operation Procedures

 

-  Drawings

 

-  Bill
of Materials

 

-  Approved
Vendors list

 

-  Gerber
data, CAD files

 

-  Quality
requirements

 

-  All
external laboratory tests related to product/process validation shall be carried out by the Customer at his own responsibility.
In cases where the Contractor shall be requested to manage such external tests, the Customer shall bear all expenses based on cost
+ 20%.

 

-  Technical
support, as required.

 

    	Turnkey Agreement November 2013
	Page 3

     

    

 

6.
Material Procurement 

 

The
material procurement undertaking, pursuant to this Agreement, will be carried-out by the Contractor. The Contractor carries full
responsibility to the material procurement. The Customer will advance 50% of the total value of the manufacturing of the first
2000 units (according to an average price of US$70 per unit) from the Effective Day to finance material procurement.

 

		6.1	Contractor
is authorized to purchase materials using standard purchasing practices including, but not limited to acquisition of materials
recognizing Economic Order Quantity, HSN buy policy and long lead time components management, in order to meet the requirements
of Customer’s orders and forecasts.

 

		6.2	Economic Order Quantity
(“EOQ”) for items which are un-returnable to vendor or unusable for other clients of the Contractor must be pre-approved
by Customer. For such pre-approved EOQ’s, Customer shall advance to the Contractor sums on account of future deliveries equal to
125% of the cost attributed to the quantity ordered’ exceeding the 3 months forecast and FGI’s finish goods inventory.

 

		6.3	Long
Lead Items

 

In
order to manage demand fluctuations Contractor shall suggest from time to time a list of LLI’s to be approved by the Customer,
based on Customer’s forecast submitted in writing. Contractor shall maintain in inventory certain quantities of LLI. “LLI”
shall mean Long Lead Item materials required in order to complete manufacture and supply of Products. For the avoidance of doubt
Customer shall have no additional liability with respect to the holding of LLI other than the liability provided herein below.

 

The
usage of LLI by Contractor for the manufacture of Products shall be by a written order by Customer in accordance with this Agreement,
stipulating the quantity Customer wishes Contractor to use. If Contractor holds LLIs based on any written requirement for more
than six (6) months after the last shipment of any Product to Customer, Customer shall be required to purchase such LLIs at 125%
of part cost (in case no work done). The purchase terms of such LLI’s, are similar to those set forth in Section 8.2 hereof.

 

		6.4	Contractor
is responsible for monitoring suppliers’ quality according to the specifications provided by Customer for all purchased
materials.

 

		6.5	Subject
to section 15 hereto, in the event of termination of this Agreement or a cancellation of a Purchase Order, and/or discontinuance
of a Product, or excess materials created by an Engineering Change, Customer agrees to compensate Contractor for unused material
inventory which are affected by such termination, cancellation or discontinuance, as follows:

 

    	Turnkey Agreement November 2013
	Page 4

     

    

  

(i)
The cost+25% of material inventory, whether in raw form or work in process, which are not returnable to the vendor or usable for
other Contractor’s customers, including economic order quantities of unique parts.

 

(ii)
The cost+25% of materials on order which cannot be cancelled.

 

(iii)
Payment shall be made to Contractor against delivery of the compensated materials to Customer. The above compensation shall be
the sole compensation due to Contractor as a result thereof. The compensation for finished Products is as set out in Section 8.2
below.

 

		6.6	Contractor
shall undertake all possible efforts to cancel all applicable materials purchase orders and reduce materials inventory through
return for credit programs or allocate materials for alternate programs, if applicable.

 

		6.7	Notwithstanding
anything to the contrary herein customer shall be initial whenever it is obligated to pay for inventory to contractor, according
to part 6 to make an advance in the same amount, on account of such inventory with advanced shell be nonrefundable except to extend
to such inventory is consume in manufacturing of products for customer here after.

 

7.
Forecasts

 

		7.1	Customer shall
                                                                                                                                                                 issue to Contractor, on a monthly basis, a five (5) month rolling forecast setting forth projected demand for Product
                                                                                                                                                                 Products. In the event that the forecast will be delivered after the 15th day of the calendar month, then Customer will
                                                                                                                                                                 provide Contractor with a six (6) month rolling forecast (the “Forecast”).

 

Contractor
shall undertake all reasonable efforts, including expediting materials and allocating capacity, in order to support Customer’s
request for increased production.

 

		7.2	Contractor
will supply all orders that do not exceed the forecast at the delivery times set forth in each purchase order. Late deliveries
will carry (without prejudice) a late delivery charge at the rate of 0.25% per week for the first 14 days, 0.5% for per week thereafter
and not more than 2.5%, to be deducted from the consideration due to the Contractor for labor and mark-ups. To dispel any doubt
late deliveries will carry a late delivery charge only if the cause of such late deliveries is due to Contractor negligence.

 

    	Turnkey Agreement November 2013
	Page 5

     

    

  

		7.4	Customer
tooling, etc.

 

All
Customers’ materials, tooling and equipment furnished to Contractor or paid for by Customer in connection with this Agreement and
all paid for Products shall:

 

		(i)	Be
clearly marked and remain the Customer’s property.

 

		(ii)	Be
kept free of liens and encumbrances.

 

		(iii)	Contractor
is responsible for the maintenance of the tooling and equipment.

 

8.
Customer Liability for Forecasts

 

		8.1	Customer’s
liability with respect to any and all demand signals provided by Customer, including but not limited to “purchase orders”
“forecasts” “schedules” “pick lists” with respect to any Products manufactured, produced,
procured, stored or delivered by Contractor, including, but not limited to, any direct or indirect costs related thereto or related
to components, work in progress and/or raw materials shall be limited to the amounts set forth in this Section 8 with respect
to finished Products and in Section 6 concerning components, work in progress and/or raw materials.

 

9.
Quality

 

		9.1	Contractor
shall permit Customer to audit its quality procedures, upon three (3) working days advance notice to Contractor and shall provide
all assistance which is reasonably necessary for Customer to evaluate the quality of the Products.

 

		9.2	Contractor
shall maintain quality assurance standards in accordance with EN ISO 13488. Contractor’s Quality Assurance, Control and
Inspection shall be in full compliance with EN ISO 13485 standards during the Terms of this Agreement.

 

		9.3	If
a product did not pass Customer’s Test Process then Contractor will perform two rounds of repairs on the Product, if after
such two rounds the Product still did not pass the ATP then Contractor will send the Product with a qualified personnel to Customer
for repair.

 

		9.4	In
case of vigilance and recall STI will allow audits of Notified Body when deemed necessary.

 

		9.5	Contractor
shall establish internal instruction / procedures that conform to Customer Quality System.

 

    	Turnkey Agreement November 2013
	Page 6

     

    

 

10.
Warranty

 

For
the purpose of this Agreement, “Warranty Period” shall mean twelve (12) months as of the date of delivery to Customer.
Contractor represents and warrants that, for the Warranty Period, the Products (i) will be free from defects in workmanship, material
(to the same extent as the original manufacturer of the material warrants the Contractor), and manufacture; (ii) will comply with
the requirements of this Agreement, including all Specifications; and (iii) all services performed in connection with this Agreement
will be performed in a competent, professional and workmanlike manner, free from defects. Contractor further represents and warrants
that the Products will consist of new (not used or recycled) material, and the warranty provided in this Section shall not
apply to any Products that are (1) modified by Customer or any third party without Contractor’s written consent, (2) installed
or operated by Customer or any third party in a manner inconsistent with the Specifications or the terms and conditions of this
Agreement, or (3) damaged as the result of any negligence or misuse by Customer or any third party, or as the result of fire, casualty,
or other external cause.

 

11.
Engineering Changes

 

		11.1	Customer
may, upon advance written notice to Contractor, submit engineering changes for incorporation into the Products. Contractor will
make all efforts to review the engineering change and report to Customer within seven (7) working days of any implications of
the proposed changes. The report should include all possible implications on materials, delivery schedule, manufacturing process,
quality and product cost and shall also quote the Contractors costs for implementing the changes.

 

Customer
and Contractor will agree on all aspects of implications and shall accordingly make revisions in outstanding Purchase Orders -
if requested by Customer.

 

		11.2	Contractor
shall undertake all efforts to assure quick implementation of engineering changes.

 

12.
Delivery and Inspection. Title and Shipping

 

		12.1	Contractor
undertakes to report to Customer once (1) a week, or per Customer request, the quantity of Products ready for delivery.

 

13.
Price and Price Reviews

 

		13.1	Pricing
conditions for manufacturing services supplied under this Agreement are defined in Appendix B. All prices will be quoted in US
Dollars.

 

		13.2	Price
Review: Contractor and Customer will meet every three (3) months, during the term of this Agreement to review pricing and
determine the actions required by both sides in order to achieve cost reduction. The new prices that will be agreed to and the
said new prices that will come into effect will be reflected in the Purchase Orders submitted after such review.

 

    	Turnkey Agreement November 2013
	Page 7

     

    

 

		13.3	It
is agreed that, for the sake of facilitating uninterrupted manufacturing, Contractor may purchase materials for Customer’s
products at prices higher than those agreed to with the following limitations:

 

		13.3.1.	For
price change which has a cost impact less than US$200, based on one (1) quarter consumption will not require prior authorization
from Customer. Contractor will be obliged to submit comprehensive written report to Customer, subsequent to such event.

 

		13.3.2	For price change which
has cost impact greater than US$200, based on one (1) quarter consumption will require prior written authorization from Customer.

 

		13.3.3	Customer shall answer
urgent requests for approvals for price change, within three (3) working days.

 

14.
Terms of Payments

 

		14.1	Contractor
will invoice Customer per each delivery. The invoice shall include all purchase order details. The invoice will be quoted in US
Dollars. Total invoice amount will be converted to NIS according to official exchange rate published by official authority in
Israel pursuant to clause 14.3.

 

Each
invoice will be added by official VAT rate according to tax laws of state of Israel.

 

		14.2	Contractor and Customer
agree to terms of payments of current plus thirty (30) days from the date of invoice.

 

		14.3	Prices will be in US$,
in any event, the exchange rate would be not less than 3.8 shekels to one US$ for 50% of the total Invoice, whereas the remaining
50% will be based on published official representative exchange rate.

 

		14.4	The Customer shall
forward to the Contractor a lump sum as an advanced payment equivalent to 50% of the payment due for the first 2000 units for financing
initial raw material purchasing. In case of increasing purchase orders the customer will pay advance payment of 50% from total
price of increased items for three (3) months.

 

		14.5	Delay of payment to
Contractor will bear interest according Bank Hapoalim published rate of annual exceptional interest.

 

    	Turnkey Agreement November 2013
	Page 8

     

    

 

		14.6	Delay
of payment for more than thirty (30) days will be considered breach of Agreement and cause for Termination.

 

15.
Termination

 

		15.1	Termination
for cause

 

If
either Party fails to meet any one or more of the terms and conditions as stated in either this Agreement or the Appendices, Contractor
and Customer agree to negotiate in good faith to resolve such default. If the defaulting Party fails to cure such default or submit
an acceptable written plan to resolve such default within thirty (30) days following notice of default, the non-defaulting Party
shall have the right to terminate this Agreement by furnishing the defaulting Party with sixty (60) days written notice of termination.

 

		15.2	Termination
without cause

 

Notwithstanding
anything to the contrary stated in this Agreement, either Party may terminate this Agreement at any time without cause by giving
to the other party, not less than four (4) months written notice.

 

		15.3	A
Party may immediately terminate this Agreement should the other party:

 

		(i)	become
insolvent;

 

		(ii)	enter into or
                                                                                                                                                     filing a petition, arraignment or proceeding seeking an order for relief under the bankruptcy/insolvency laws of its
                                                                                                                                                     respective jurisdiction; (iii) enter into a receivership of any of its assets; or, (iv) enter into a dissolution of
                                                                                                                                                     liquidation of its assets or an assignment for the benefit of its creditors.

 

16.
Effect of Termination

 

		16.1	In
the case of termination and unless otherwise stipulated, Contractor will deliver all services and/or deliverables and Customer
will pay in advance and prior to delivery for all items mentioned on a Purchase Order or Change Order accepted by Contractor before
expiration or Termination date.

 

		16.2	Except
where the termination is a result of Contractor’s default, Customer agrees to compensate Contractor for Products and materials
as stipulated in Sections 6 and 8 of this Agreement.

 

		16.3	Each
Party will promptly return to the other Party, all technical documentation (e.g. drawings, work instructions, data and design
sheets) and/or Confidential Documents related to the present Agreement.

 

    	Turnkey Agreement November 2013
	Page 9

     

    

 

		16.4	Contractor
will return to customer all consigned materials, equipment and tooling stipulated in section 7.4 of this Agreement.

 

17.
Dispute Resolutions

 

		17.1	In the spirit of continued
cooperation, the Parties intend to and hereby establish the following dispute resolution procedure to be utilized in the unlikely
event any controversy should arise out of or concerning the performance of this Agreement.

 

		17.2	It is the intent of
the Parties that any dispute be resolved informally and promptly through good faith negotiations between Contractor and Customer.
Either Party may initiate negotiation proceedings by written notice to the other Party setting forth the particulars of the dispute.
The parties agree to meet in good faith to jointly define the scope and method to remedy the dispute, If these proceedings are
not productive of a resolution, then senior management of Contractor and Customer are authorized to and will meet personally to
confer in a bona fide attempt to resolve the matter.

 

		17.3	Should the foregoing
procedure not bring a mutually satisfactory solution within thirty (30) days, each Party will be free to proceed according to applicable
law.

 

18.
Limitation of Liability

 

		18.1	Neither Party shall
be liable to the other for any indirect, incidental, special or consequential damages resulting from this Agreement, including
but not limited to loss of profit, loss of production loss of contracts, even if either party or an authorized representative has
been advised of the possibility of such damages.

 

		18.2	Each Party (“Defaulting
Party”) agrees to protect, defend, indemnify and hold harmless the other Party (“Innocent Party”) from all sums,
costs, expenses and reasonable attorney’s fees which the Innocent Party may incur or actually be obligated to pay as a result of
any or all claims, demands, causes of action or final judgments in favor of any third person that relate to or arise from (i) a
breach of the obligations of the Defaulting Party as set forth herein, or (ii) a tort by the Defaulting Party.

 

The
Innocent Party undertakes to: (i) give the Defaulting Party prompt notice of any such claims, (ii) render reasonable assistance
to the Defaulting Party thereon, and (iii) permit the Defaulting Party to direct the defense of the settlement of such claims,
provided, that the Defaulting Party will enable the Innocent Party to be present in meetings with legal counsel to the defense
and court hearings, Settlement of claims outside of court will require the approval of the Innocent Party unless as part of the
settlement, a full waver is made in favor of such Innocent Party.

 

    	Turnkey Agreement November 2013
	Page 10

     

    

 

19.
Patents Copyrights and Trademarks Indemnity

 

		19.1	As part of the general
indemnification set forth in Section 18.2 above, each Defaulting Party shall defend, indemnify and hold harmless the Innocent Party
from any claims by a third party of infringement of intellectual properties resulting from the acts of the indemnifying party pursuant
to this Agreement.

 

		19.2	Customer’s product
and designs contain certain elements that are proprietary to Customer. Furthermore, in the course of this agreement, technical
and commercial information of the Customer may be revealed or become known to the Contractor. Contractor shall keep in confidence
all information relating to the foregoing, shall not use any part of it for any purpose except the performance of this Agreement
and shall not enable any third party to use it, unless such information becomes public domain through no fault of the Contractor.
Contractor shall ensure that all employees privy to such proprietary and confidential information of the Customer are subject to
similar non-disclosure and non-use undertakings and are made aware of the proprietary and confidential nature of the information.

 

The
provisions of this clause 19.2 shall survive termination or expiration of the Agreement.

 

20.
Non-competition

 

		20.1	The Contractor and
the Customer will not be allowed to employ employees of the other Party, directly or indirectly, for one (1) year from the date
the employee has ceased to be employed by the other Party. The above mentioned restriction may be waived by either Parties provided
that it is done by a written and specific consent.

 

		20.2	During the Term of
this Agreement and for an additional period of two (2) years from the date of termination of this Agreement, the Contractor undertakes
not to produce on its own account and/or render manufacturing services to another customer who’s equipment is in the field of non-invasive
devises using light or radio frequency energy for the medical-aesthetic market.

 

    	Turnkey Agreement November 2013
	Page 11

     

    

 

21.
General

 

		21.1	Force
Majeure. Neither Party shall be liable for any failure or delay in its performance under this Agreement due to acts of God,
acts of civil or military authority, fires, floods, earthquakes, riots, wars, sabotage, labor disputes, material unavailability
due to unwarranted production stoppage by supplier or any other cause beyond the reasonable control of the delayed party provided
that the delayed Party, (i) gives the other Party written notice of such cause, and (ii) uses its reasonable efforts to remedy
such delay in its performance.

 

		22.2	Severability.
If any provision of this Agreement is held by a court of competent jurisdiction to be unenforceable, such provision shall be deemed
null and void, and the remainder of the Agreement shall continue to be in full force and effect, while the Parties shall negotiate
in good faith to replace the provision with another enforceable one reflecting as closely as possible the Parties initial intention.

 

		22.3	Relationship of
the Parties. Each of the Parties shall at all times during the term of this Agreement act as, and shall represent itself to
be, an independent contractor. Neither Party shall have any right or authority to assume or create any obligations or to make any
representations or warranties on behalf of the other Party whether express or implied, or to bind the other party in any respect
whatsoever.

 

		22.4	Governing Law.
The construction, interpretation and performance of this Agreement and all transactions under it shall be governed by the law of
the State of Israel, and both Parties consent to jurisdiction by the courts of the City of Haifa.

 

		22.5	Choice of Language.
The original of this Agreement has been written in English. Any notices provided by any Party as required by this Agreement shall
be written in the English language.

 

		22.6	Notifications.
Any and all notices and other communications whatsoever under this Agreement shall be in writing, sent by registered mail or by
email or facsimile to the address set forth above. Notices sent via registered mail shall be deemed to have been delivered within
three (3) business days after the date posted. With regards to the normal course of business, notices sent via email or facsimile
shall be deemed to have been received one (1) business day following the date of transmission.

 

		22.7	Entire Agreement.
No amendment of this Agreement will be valid unless made in writing signed by a duly authorized representative of both Parties.
No provision of this Agreement will be deemed waived and breach or default excused unless the waiver or excuse is in writing and
signed by the Party issuing it. The terms and conditions contained in this Agreement terminate and supersede all prior oral or
written understanding between the Parties and shall constitute the entire agreement between them concerning the subject matter
of this Agreement.

 

    	Turnkey Agreement November 2013
	Page 12

     

    

 

		22.8	This
Agreement may be executed in one or more counterparts each of which will be deemed the original, but all of which will constitute
but one and the same document. The Parties agree that this Agreement and its appendices may not be modified except in writing,
signed by both Parties.

 

In
Witness whereof, the Parties have caused this Agreement to be duly executed for and on behalf of:

 

	Contractor:	 	Customer:
	 	 	 	 	  
	Date: 	7/11/13	 	Date: 	7/3/13
	 	 	 	 	 
	Name: 	TOVY SIVAN	 	Name: 	MOSHE MIZRAHY
	 	 	 	 	 
	Title: 	CEO	 	Title: 	CEO
	 	 	 	 	 
	Signature:	/s/ Tovy Sivan	 	Signature:	/s/ Moshe Mizrahy

 

    	Turnkey Agreement November 2013
	Page 13

     

    

  

Appendix A

 

Description

Tooling for assembly oring to small electrode base (3 PARTS)

Teflon edge cuting tool

External electrode into ARM insertion tool

Electrode to barb fixation tool assy

Thermistor PCB spring monting tool assy

Cutting tyvek jig base

Electrode shrinked coated edges cuting tool assy

Teflon shrinkage jig D30 or D25

Teflon shrinkage jig D39or D50

Vacuum tester

HP thermistor tester

Electrode shrinking tool

HP HI-POT tester

Gandus saldatrici.Wall roll dispenser with cutting device

Gandus saldatrici.RL 80-Slip roll

HI-POT TOS5052. Withstanding voltage tester

Fen HL2010E.(Digital display).

Ultrasonic MRC DC-400H

External electrode into ARM insertion tool

HP conductivity tester

Plier with costum lip for HP ARM cover closing

Label printer ML-412-300

Oven-Nabertherm  N120/45HA

Bodytite machine AS600000A

Teflon shrinkage jig(NECK)

CuttingTyvek jig(200mm)

TIP GRUED TO ELECTRODE DRYNG JIG ASSY

3M EPX Plus II  Manual Applikator(DMA 50)

Jig for FASETITE isolation coating shrinkage of elektrode in
oven

FACETITE electrode shrinked tube edge cuting tool assy.

TIP BULLET FOR CANULA OD45,OD33,OD25 PULLOUT LINK

TIP BULLET FOR CANULA OD18 PULLOUT LINK

Electrode shrinked tube edge cuting tool assy(17/39,25/39,25/50)

GANDUS SALDATRICI miniro H-net Evo

BodyFX tester

Gig For Bending Polyimid Tube with Temp. Sensor

Jig for Open Canula Leds

Jig for Close Canula Leds

HP TEMP.MEASUREMENT VERIFICATION GIG

RF HP TEMP. Tool

Salt Water Bath Jig For HP2217 ATP

PLUS 90, HP,Resistance JIG

JIG For Spring(HP1722xx)

JIG For ASSY Termistor(HP1722xx)

Thermistor PCB spring monting tool assy

External electrode into ARM insertion tool

HI-POT TOS5300. Withstanding voltage tester

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