Document:

Exhibit
10.6

 

THIS WARRANT AND
THE SHARES ISSUABLE HEREUNDER HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE “ACT”),
OR THE SECURITIES LAWS OF ANY STATE AND, EXCEPT AS SET FORTH IN SECTIONS 5.3 AND 5.4 BELOW, MAY NOT BE OFFERED, SOLD, PLEDGED OR OTHERWISE
TRANSFERRED UNLESS AND UNTIL REGISTERED UNDER SAID ACT AND LAWS OR IN THE OPINION OF LEGAL COUNSEL IN FORM AND SUBSTANCE SATISFACTORY
TO THE COMPANY, SUCH OFFER, SALE, PLEDGE OR OTHER TRANSFER IS EXEMPT FROM SUCH REGISTRATION.

 

WARRANT TO PURCHASE
SHARES

 

		Company:	BEAMR
                                            IMAGING LTD, a private company incorporated under the Laws of the State of Israel, company
                                            number 51-433155-2 (the “Company”).

 

		Number of Shares:	171
                                            Series C Preferred Shares of the Company, par value NIS0.01 per share (“Series
                                            C Shares”), subject to adjustment thereafter from time to time in accordance
                                            with the provisions of this Warrant; provided, that if Holder elects for the Class
                                            to become Next Round Shares in accordance with the next paragraph, then the number of Shares
                                            for which this Warrant shall be exercisable on and as of the effectiveness of such election
                                            shall equal (a) US$210,000, divided by (b) the Next Round Price, subject to adjustment thereafter
                                            from time to time in accordance with the provisions of this Warrant.

 

		Type/Series of Shares:	At
                                            Holder’s option, either (a) Series C Shares, or (b) Next Round Shares. As used herein,
                                            “Next Round Shares” means the class and series of convertible preferred
                                            shares or other security sold and issued in connection with the Next Round (as defined below);
                                            provided, that if the Company sells and issues units consisting of more than one type of
                                            security to investors in the next bona fide round (such as, by way of example only, a unit
                                            consisting of one or more shares of Company shares together with a warrant to purchase additional
                                            shares of the Company), then “Next Round Shares” shall mean such units.
                                            Holder shall notify the Company within seven (7) Business days following Holder’s actual
                                            receipt of the Next Round Notice if it elects for the Class to become Next Round Shares,
                                            and such election, if made by Holder, shall be effective on the later to occur of (a) the
                                            closing of the Next Round or (b) two (2) Business Days following Holder’s delivery
                                            to the Company of such election notice. As used herein, “Next Round”
                                            means the first sale or issuance by the Company on or after the Issue Date of this Warrant
                                            set forth above, in a single transaction or series of related transactions, of its preferred
                                            shares or other senior equity securities (or units consisting of more than one type of security)
                                            to one or more investors for cash for financing purposes. 

  

		Warrant Price:	Either
                                            (a) if the shares to be issued hereunder are Series C Shares then the lowest price per share
                                            paid by an investor for a share of Series C Shares, which as of the date hereof is US$1,229
                                            per share (any reduction of such price shall automatically and immediately result in appropriate
                                            adjustment to the Number of Shares as provided above), or (b) if the shares to be issued
                                            hereunder are the Next Round Shares – then the Next Round Price, as the case may be;
                                            in each case, subject to adjustment thereafter from time to time in accordance with the provisions
                                            of this Warrant. As used herein, “Next
                                            Round Price” means the lowest price per share
                                            at which the Company sells and issues shares of the Next Round Shares.

Beamr – SVB Warrant

 

     

     

    

 

	 	Issue Date:	February 19, 2017
	 	 	 
	 	Expiration Date:	15th anniversary of the Issue Date subject
    to Section 5.1(b) and Section 1.6(b).
	 	 	 
	 	Credit Facility:	This Warrant
        to Purchase Shares (“Warrant”) is issued in connection with that certain Loan and Security Agreement of even date
        herewith between Silicon Valley Bank, the Company and BEAMR, INC. (as amended, modified or restated from time to time, the
        “Loan Agreement”).

 

THIS
WARRANT CERTIFIES THAT, for good and valuable consideration, SILICON VALLEY BANK (together with any successor or permitted assignee or
transferee of this Warrant or of any shares issued upon exercise hereof, “Holder”) is entitled to purchase
the number of fully paid and non-assessable shares (the “Shares”) of the above-stated Type/Series of Shares
(the “Class”) of the Company at the above-stated Warrant Price, all as set forth above and as adjusted pursuant
to Section 2 of this Warrant, subject to the provisions and upon the terms and conditions set forth in this Warrant. Reference is made
to Section 5.4 of this Warrant whereby Silicon Valley Bank shall transfer this Warrant to its parent company, SVB Financial Group.

 

SECTION 1.EXERCISE.

 

1.1
Method of Exercise. Holder may at any time and from time to time exercise this Warrant, in whole or in part, by delivering to
the Company the original of this Warrant together with a duly executed Notice of Exercise in substantially the form attached hereto as
Appendix 1 and, unless Holder is exercising this Warrant pursuant to a cashless exercise set forth in Section 1.2, a check, wire
transfer of same-day funds (to an account designated by the Company), or other form of payment acceptable to the Company for the aggregate
Warrant Price for the Shares being purchased.

 

1.2
Cashless Exercise. On any exercise of this Warrant, in lieu of payment of the aggregate Warrant Price in the manner as specified
in Section 1.1 above, but otherwise in accordance with the requirements of Section 1.1, Holder may elect to receive Shares equal to the
value of this Warrant, or portion hereof as to which this Warrant is being exercised. Thereupon, the Company shall issue to the Holder
such number of fully paid and non-assessable Shares as are computed using the following formula:

 

		X	=
                                            Y(A-B)/A

 

where:

 

		X =	 the number of Shares to be issued to the Holder;

 

		Y =	the
                                            number of Shares with respect to which this Warrant is being exercised (inclusive of the
                                            Shares surrendered to the Company in payment of the aggregate Warrant Price);

 

		A =	the
                                            Fair Market Value (as determined pursuant to Section 1.3 below) of one Share; and

 

		B =	 the Warrant Price.

 

Beamr – SVB Warrant

 

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1.3
Fair Market Value. If the Company’s ordinary shares are then traded or quoted on a nationally recognized securities exchange,
inter-dealer quotation system or over-the-counter market (a “Trading Market”) and the Class is ordinary shares,
the fair market value of a Share shall be the closing price or last sale price of an ordinary share of the Company reported for the Business
Day immediately before the date on which Holder delivers this Warrant together with its Notice of Exercise to the Company. If the Company’s
ordinary shares are then traded in a Trading Market and the Class is a series of the Company’s convertible preferred shares, the
fair market value of a Share shall be the closing price or last sale price of a share of the Company’s ordinary shares reported
for the Business Day immediately before the date on which Holder delivers this Warrant together with its Notice of Exercise to the Company
multiplied by the number of shares of the Company’s ordinary shares into which a Share is then convertible. If the Company’s
ordinary shares are not traded in a Trading Market, the Board of Directors of the Company and the Holder shall mutually determine the
fair market value of a Share in their reasonable good faith judgment, provided however, that if the Holder and the Company cannot mutually
agree on the fair market value, such value shall be determined by a reputable independent appraiser selected by the Holder with the consent
of the Company (which consent shall not be unreasonably withheld), and whose fees and expenses shall be borne by the Company.

 

1.4
Delivery of Certificate and New Warrant. Within a reasonable time after Holder exercises this Warrant in the manner set forth
in Section 1.1 or 1.2 above, the Company shall deliver to Holder a certificate representing the Shares issued to Holder upon such exercise
and, if this Warrant has not been fully exercised and has not expired, a new warrant of like tenor representing the Shares not so acquired.
As of and from the close of business on the date of receipt by the Company of the notice of exercise and subject to the receipt by the
Company of the Warrant Price, if applicable, the Holder shall be deemed to be the Holder of the shares issuable upon such exercise, notwithstanding
that the share transfer books of the Company shall then be closed and that certificates representing such shares shall not then be actually
delivered to the Holder. The Company shall pay all duties, commission, taxes (subject to the provisions of Section 5.12 below) and other
charges applicable to it, that may be payable in connection with the issuance of the shares and the preparation and delivery of share
certificates pursuant to this Section 1.4 in the name of the Holder.

 

1.5
Replacement of Warrant. On receipt of evidence reasonably satisfactory to the Company of the loss, theft, destruction or mutilation
of this Warrant and, in the case of loss, theft or destruction, on delivery of an indemnity agreement reasonably satisfactory in form,
substance and amount to the Company or, in the case of mutilation, on surrender of this Warrant to the Company for cancellation, the
Company shall, within a reasonable time, execute and deliver to Holder, in lieu of this Warrant, a new warrant of like tenor and amount.

 

1.6 Treatment of Warrant
Upon Acquisition of Company.

 

(a)
Acquisition. For the purpose of this Warrant, “Acquisition” means any transaction or series of related
transactions involving: (i) the sale, lease, exclusive license, or other disposition of all or substantially all of the assets of the
Company, provided that all or substantially all of the consideration received for such transaction and which are available for
distribution in accordance with applicable law and obligations of the Company is proposed to be distributed, as soon as legally practicable
thereafter and in any event within 120 days from the consummation thereof, to the shareholders of the Company, (ii) any merger or consolidation
of the Company into or with another person or entity (other than a merger or consolidation effected exclusively to change the Company’s
domicile), or any other corporate reorganization, in which the shareholders of the Company in their capacity as such immediately prior
to such merger, consolidation or reorganization, own less than a majority of the Company’s (or the surviving or successor entity’s)
outstanding voting power immediately after such merger, consolidation or reorganization; or (iii) any sale or other transfer by the shareholders
of the Company of shares representing at least a majority of the Company’s then-total outstanding combined voting power.

 

Beamr – SVB Warrant

 

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(b)
Treatment of Warrant at Acquisition. In the event of an Acquisition in which the consideration to be received by the Company’s
shareholders consists solely of cash, solely of Marketable Securities or a combination of cash and Marketable Securities (a “Cash/Public
Acquisition”), and the fair market value of one Share as determined in accordance with Section 1.3 above would be greater
than the Warrant Price in effect on such date immediately prior to such Cash/Public Acquisition, and Holder has not exercised this Warrant
pursuant to Section 1.1 above as to all Shares, then this Warrant shall automatically be deemed to be Cashless Exercised, pursuant to
Section 1.2 above as to all Shares, effective immediately prior to and contingent upon the consummation of a Cash/Public Acquisition.
In connection with such Cashless Exercise, Holder shall be deemed to have restated each of the representations and warranties in Section
4 of the Warrant as the date thereof and the Company shall promptly notify the Holder of the number of Shares (or such other securities)
issued upon exercise. In the event of a Cash/Public Acquisition where the fair market value of one Share as determined in accordance
with Section 1.3 above would be less than the Warrant Price in effect immediately prior to such Cash/Public Acquisition, then this Warrant
will automatically and without the requirement for any action expire immediately prior to the consummation of such Cash/Public Acquisition.

 

(c)
Upon the closing of any Acquisition other than a Cash/Public Acquisition defined above, either (i) the acquiring, surviving or successor
entity shall assume the obligations of this Warrant, and this Warrant shall thereafter be exercisable for the same securities and/or
other property as would have been paid for the Shares issuable upon exercise of the unexercised portion of this Warrant as if such Shares
were outstanding on and as of the closing of such Acquisition, subject to further adjustment from time to time in accordance with the
provisions of this Warrant; or (ii) if the acquiring, successor or surviving entity shall not have assumed this Warrant, then the aggregate
Warrant Price shall be reduced to the greater of (x) One Dollar ($1.00) or (y) the aggregate par value of the Shares, and this Warrant
shall be deemed to have been cashless exercised in full pursuant to Section 1.2 above as of immediately prior to the consummation of
such Acquisition.

 

(d)
As used in this Warrant, “Marketable Securities” means securities meeting all of the following requirements:
(i) the issuer thereof is then subject to the reporting requirements of Section 13 or Section 15(d) of the Securities Exchange Act of
1934, as amended (the “Exchange Act”), or comparable laws of any non-US jurisdiction in which a Trading Market
for shares of the Class is established and is then current in its filing of all required reports and other information under the Act
and the Exchange Act and/or under such law; (ii) the class and series of shares or other security of the issuer that would be received
by Holder in connection with the Acquisition were Holder to exercise this Warrant on or prior to the closing thereof is then traded in
Trading Market, and (iii) following the closing of such Acquisition, Holder would not be restricted from publicly re-selling all of the
issuer’s shares and/or other securities that would be received by Holder in such Acquisition were Holder to exercise or convert
this Warrant in full on or prior to the closing of such Acquisition, except to the extent that any such restriction (x) arises solely
under federal or state securities laws, rules or regulations, and (y) does not extend beyond six (6) months from the closing of such
Acquisition.

 

Beamr – SVB Warrant

 

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SECTION 2. ADJUSTMENTS
TO THE SHARES AND WARRANT PRICE.

 

2.1
Share Dividends, Splits, Etc. If the Company declares or pays a dividend or distribution on the outstanding shares of the Class
payable in ordinary shares or other securities or property (other than cash), then upon exercise of this Warrant, for each Share acquired,
Holder shall receive, without additional cost to Holder, the total number and kind of securities and property which Holder would have
received had Holder owned the Shares of record as of the date the dividend or distribution occurred. If the Company subdivides the outstanding
shares of the Class by reclassification or otherwise into a greater number of shares, the number of Shares purchasable hereunder shall
be proportionately increased and the Warrant Price shall be proportionately decreased. If the outstanding shares of the Class are combined
or consolidated, by reclassification or otherwise, into a lesser number of shares, the Warrant Price shall be proportionately increased
and the number of Shares shall be proportionately decreased.

 

2.2
Reclassification, Exchange, Combinations or Substitution. Upon any event whereby all of the outstanding shares of the Class are
reclassified, exchanged, combined, substituted, or replaced for, into, with or by Company securities of a different class and/or series,
then from and after the consummation of such event, this Warrant will be exercisable for the number, class and series of Company securities
that Holder would have received had the Shares been outstanding on and as of the consummation of such event, and subject to further adjustment
thereafter from time to time in accordance with the provisions of this Warrant. The provisions of this Section 2.2 shall similarly apply
to successive reclassifications, exchanges, combinations substitutions, replacements or other similar events.

 

2.3
Conversion of Preferred Shares. If the Class is a class and series of the Company’s convertible preferred shares, in the
event that all outstanding shares of the Class are converted, automatically or by action of the holders thereof, into ordinary shares
pursuant to the provisions of the Company’s Articles of Association (as may be amended from time to time) (the “Articles
of Association”), including, without limitation, in connection with the Company’s initial, underwritten public offering
and sale of its ordinary shares pursuant to an effective registration statement under the Act (the “IPO”),
then from and after the date on which all outstanding shares of the Class have been so converted, this Warrant shall be exercisable for
such number of ordinary shares into which the Shares would have been converted had the Shares been outstanding on the date of such conversion,
and the Warrant Price shall equal the Warrant Price in effect as of immediately prior to such conversion divided by the number of ordinary
shares into which one Share would have been converted, all subject to further adjustment thereafter from time to time in accordance with
the provisions of this Warrant.

 

2.4
Adjustments for Diluting Issuances. Without duplication of any adjustment otherwise provided for in this Section 2, the number
of ordinary shares issuable upon conversion of the Shares shall be subject to anti-dilution adjustment from time to time in the manner
set forth in the Company’s Articles of Association as if the Shares were issued and outstanding on and as of the date of any such
required adjustment.

 

2.5
Fractional Share. No fractional Share shall be issuable upon exercise of this Warrant and the number of Shares to be issued shall
be rounded up to the nearest whole Share. If a fractional Share interest arises upon any exercise of the Warrant, the Company shall eliminate
such fractional Share interest by paying Holder in cash the amount computed by multiplying the fractional interest by (i)
the fair market value (as determined in accordance with Section 1.3 above) of a full Share, less (ii) the then-effective Warrant Price.

 

Beamr – SVB Warrant

 

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2.6
Notice/Certificate as to Adjustments. Upon each adjustment of the Warrant Price, Class and/or number of Shares, the Company, at
the Company’s expense, shall notify Holder in writing within a reasonable time setting forth the adjustments to the Warrant Price,
Class and/or number of Shares and facts upon which such adjustment is based. The Company shall, upon written request from Holder, furnish
Holder with a certificate of its Chief Financial Officer, including computations of such adjustment and the Warrant Price, Class and
number of Shares in effect upon the date of such adjustment.

 

2.7
Notice of Next Round. The Company shall provide written notice to Holder of the Next Round not less than seven (7) Business Days
prior to the anticipated closing, which notice shall state all material terms and conditions thereof and all material rights, power,
preferences and privileges of the Next Round Shares (the “Next Round Notice”). Following delivery of such Next Round
Notice, the Company shall promptly provide to Holder such copies of the draft and execution versions of the transaction documents in
connection with the Next Round, including, without limitation, the Company’s amended and/or restated Articles of Association, the
securities purchase agreement and pre and post-closing capitalization tables, as Holder shall request from time to time.

 

SECTION 3. REPRESENTATIONS
AND COVENANTS OF THE COMPANY.

 

3.1
Representations and Warranties. The Company represents and warrants to, and agrees with, the Holder as follows:

 

(a)
The initial Warrant Price applicable to Series C Shares referenced on the first page of this Warrant is not greater than the price per
share at which Series C Shares were last sold and issued prior to the Issue Date hereof in an arms-length transaction in which at least
$500,000 of such shares were sold.

 

(b)
All Shares which may be issued upon the exercise of this Warrant, and all securities, if any, issuable upon conversion of the Shares,
shall, upon issuance, be duly authorized, validly issued, fully paid and non-assessable, and free of any liens and encumbrances except
for restrictions on transfer provided for herein, in the Company’s Articles of Association or under applicable US federal and state,
Israeli or other non-US securities laws. The Company covenants that it shall at all times, cause to be reserved and kept available out
of its authorized and unissued share capital such number of shares of the Class, ordinary shares and other securities as will be sufficient
to permit the exercise in full of this Warrant and the conversion of the Shares into ordinary shares or such other securities.

 

(c) The Company’s
capitalization table attached hereto as Schedule 1 is true and complete, in all material respects, as of the Issue Date.

 

3.2
Notice of Certain Events. If the Company proposes at any time to:

 

(a)
declare any dividend or distribution upon the outstanding shares of the Class, whether in cash, property, shares, or other securities
and whether or not a regular cash dividend;

  

Beamr – SVB Warrant

 

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(b)
offer for subscription or sale pro rata to the holders of the outstanding shares of the Class any additional shares of any class or series
of the Company's shares (other than pursuant to contractual pre-emptive rights);

 

(c) effect any
reclassification, exchange, combination, substitution, reorganization or recapitalization of the outstanding shares of the Class;

 

		(d)	effect
                                            an Acquisition or to liquidate, dissolve or wind up; or

 

		(e)	effect
                                            an IPO;

 

then, in connection with each such event,
the Company shall give Holder:

 

(1)
at least seven (7) Business Days prior written notice of the date on which a record will be taken for such dividend, distribution, or
subscription rights (and specifying the date on which the holders of outstanding shares of the Class will be entitled thereto) or for
determining rights to vote, if any, in respect of the matters referred to in (a) and (b) above;

  

(2)
in the case of the matters referred to in (c) and (d) above at least seven (7) Business Days prior written notice of the date when the
same will take place (and specifying the date on which the holders of outstanding shares of the Class will be entitled to exchange their
shares for the securities or other property deliverable upon the occurrence of such event and such reasonable information as Holder may
reasonably require regarding the treatment of this Warrant in connection with such event giving rise to the notice); and

 

(3)
with respect to the IPO, at least seven (7) Business Days prior written notice of the date on which the Company proposes to file its
registration statement in connection therewith.

 

Company will also
provide information requested by Holder that is reasonably necessary to enable Holder to comply with Holder’s accounting or reporting
requirements.

 

3.3
Registration Rights. Upon the exercise of this Warrant, the Company agrees that the Shares or, if the Shares are convertible into
Ordinary Shares of the Company, such Ordinary Shares, shall have certain incidental, or “Piggyback,” and S-3 registration
rights pursuant to and as set forth in the Company’s Amended and Restated Investors’ Rights Agreement as amended and in effect
from time to time (the “Investors’ Rights Agreement”). The provisions set forth in the Company’s Investors’
Rights Agreement relating to the foregoing registration rights in effect as of the Issue Date may not be amended, modified or waived
without the prior written consent of Holder unless such amendment, modification or waiver affects the rights associated with the Shares
in the same manner as such amendment, modification, or waiver affects the rights associated with all other shares of the Class whose
holders are parties thereto.

  

3.4
No Shareholder Rights. Except as provided in this Warrant, Holder will not have any rights as a shareholder of the Company until
the exercise of this Warrant. Nothing in the foregoing to the contrary, upon exercise of this Warrant, or any portion thereof, the Holder
shall be entitled to all rights of a holder of the class of shares constituting the Shares under the Articles of Association and in addition
all rights on the same terms and conditions afforded, by contract or otherwise, to the investors and/or
purchasers of such shares in connection with the applicable financing round in which such shares were purchased, as applicable and as
of the exercise of the Warrant. The Holder shall join any investors'/shareholders’ rights agreement, shareholders agreement and
any other agreement between the Company and the shareholders of the Company, then in effect, and to be deemed a holder thereunder of
the class of shares constituting the Shares, and be afforded the same rights and obligations attached to the shares thereunder. Without
derogating from the above, the parties hereby agree that upon exercise of this Warrant, the Shares purchased by the Holder in any such
exercise shall be deemed “Registrable Securities”, and shall have piggyback registration rights and S-3 registration rights
provisions pari-passu with the
holders of Shares.

 

Beamr – SVB Warrant

 

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SECTION 4.REPRESENTATIONS,
WARRANTIES OF THE HOLDER.

 

The Holder represents and warrants
to the Company as follows:

 

4.1
Purchase for Own Account. This Warrant and the securities to be acquired upon exercise of this Warrant by Holder are being acquired
for investment for Holder’s account, not as a nominee or agent, and not with a view to the public resale or distribution within
the meaning of the Act. Holder also represents that it has not been formed for the specific purpose of acquiring this Warrant or the
Shares.

 

4.2
Disclosure of Information. Holder is aware of the Company’s business affairs and financial condition and has received or
has had full access to all the information it considers necessary or appropriate to make an informed investment decision with respect
to the acquisition of this Warrant and its underlying securities. Holder further has had an opportunity to ask questions and receive
answers from the Company regarding the terms and conditions of the offering of this Warrant and its underlying securities and to obtain
additional information (to the extent the Company possessed such information or could acquire it without unreasonable effort or expense)
necessary to verify any information furnished to Holder or to which Holder has access.

 

4.3
Investment Experience. Holder understands that the purchase of this Warrant and its underlying securities involves substantial
risk. Holder has experience as an investor in securities of companies in the development stage and acknowledges that Holder can bear
the economic risk of such Holder’s investment in this Warrant and its underlying securities and has such knowledge and experience
in financial or business matters that Holder is capable of evaluating the merits and risks of its investment in this Warrant and its
underlying securities and/or has a preexisting personal or business relationship with the Company and certain of its officers, directors
or controlling persons of a nature and duration that enables Holder to be aware of the character, business acumen and financial circumstances
of such persons.

 

4.4
Accredited Investor Status. Holder is an “accredited investor” within the meaning of Regulation D promulgated under
the Act.

 

4.5
The Act. Holder understands that this Warrant and the Shares issuable upon exercise hereof have not been registered under the
Act in reliance upon a specific exemption therefrom, which exemption depends upon, among other things, the bona fide nature of the Holder’s
investment intent as expressed herein. Holder understands that this Warrant and the Shares issued upon any exercise hereof must be held
indefinitely unless subsequently registered under the Act and qualified under applicable state securities laws, or unless exemption from
such registration and qualification are otherwise available. Holder is aware of the provisions of Rule 144 promulgated under the Act.

 

Beamr – SVB Warrant

 

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4.6
Market Stand-off Agreement. The Holder agrees that the Shares shall be subject to the Market Standoff provisions in Section 1.13
of the Investor Rights Agreement or similar agreement, unless the applicable underwriter shall agree to waive such demand in respect
of Holder.

 

4.7
No Voting Rights. Holder, as a Holder of this Warrant, will not have any voting rights until the exercise of this Warrant.

 

SECTION 5.MISCELLANEOUS.

 

5.1 Term and Automatic Conversion
upon Expiration.

 

(a)
Term. Subject to the provisions of Section 1.6 above, this Warrant is exercisable in whole or in part at any time and from time
to time on or before 6:00 PM, Pacific time, on the Expiration Date, and shall be void thereafter.

 

(b)
Automatic Cashless Exercise upon Expiration. In the event that, upon the Expiration Date, the fair market value of one Share (or
other security issuable upon the exercise hereof) as determined in accordance with Section 1.3 above is greater than the Warrant Price
in effect on such date, then this Warrant shall automatically be deemed on and as of such date to be exercised pursuant to Section 1.2
above as to all Shares (or such other securities) for which it shall not previously have been exercised, and the Company shall, within
a reasonable time, deliver a certificate representing the Shares (or such other securities) issued upon such exercise to Holder.

 

5.2 Legends.
The Shares (and the securities issuable, directly or indirectly, upon conversion of the Shares, if any) shall be imprinted with a legend
in substantially the following form:

 

THE
SHARES EVIDENCED BY THIS CERTIFICATE HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE “ACT”),
OR THE SECURITIES LAWS OF ANY STATE AND, EXCEPT AS SET FORTH IN THAT CERTAIN WARRANT TO PURCHASE SHARES ISSUED BY THE ISSUER TO SILICON
VALLEY BANK DATED FEBRUARY 19, 2017 MAY NOT BE OFFERED, SOLD, PLEDGED OR OTHERWISE TRANSFERRED UNLESS AND UNTIL REGISTERED UNDER SAID
ACT AND LAWS OR IN THE OPINION OF LEGAL COUNSEL IN FORM AND SUBSTANCE SATISFACTORY TO THE ISSUER, SUCH OFFER, SALE, PLEDGE OR OTHER TRANSFER
IS EXEMPT FROM SUCH REGISTRATION.

 

5.3
Compliance with Securities Laws on Transfer. This Warrant and the Shares issuable upon exercise of this Warrant (and the securities
issuable, directly or indirectly, upon conversion of the Shares, if any) may not be transferred or assigned in whole or in part except
in compliance with applicable US federal and state, Israeli or other non-US securities laws by the transferor and the transferee (including,
without limitation, the delivery of investment representation letters and legal opinions reasonably satisfactory to the Company, as reasonably
requested by the Company). The Company shall not require Holder to provide an opinion of counsel if the transfer is to SVB Financial
Group (Silicon Valley Bank’s parent company) or any other affiliate of Holder, provided that any such transferee is an “accredited
investor” as defined in Regulation D promulgated under the Act. Additionally, the Company shall also not require an opinion of
counsel if there is no material question as to the availability of Rule 144 promulgated under the Act.

 

Beamr – SVB Warrant

 

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5.4
Transfer Procedure. After receipt by Silicon Valley Bank of the executed Warrant, Silicon Valley Bank will transfer all of this
Warrant to its parent company, SVB Financial Group. By its acceptance of this Warrant, SVB Financial Group hereby makes to the Company
each of the representations and warranties set forth in Section 4 hereof and agrees to be bound by all of the terms and conditions of
this Warrant as if the original Holder hereof. Subject to the provisions of Section 5.3 5.3and upon providing the Company with written
notice, SVB Financial Group and any subsequent Holder may transfer all or part of this Warrant or the Shares issuable upon exercise of
this Warrant (or the securities issuable directly or indirectly, upon conversion of the Shares, if any) to any transferee, provided,
however, in connection with any such transfer, SVB Financial Group or any subsequent Holder will give the Company notice of the
portion of the Warrant being transferred with the name, address and taxpayer identification number of the transferee and Holder will
surrender this Warrant to the Company for reissuance to the transferee(s) (and Holder if applicable) ; and provided, further,
that any subsequent transferee other than SVB Financial Group shall agree in writing with the Company to be bound by all of the terms
and conditions of this Warrant. Notwithstanding any contrary provision herein, at all times prior to the IPO, Holder may not, without
the Company’s prior written consent, transfer this Warrant or any portion hereof, or any Shares issued upon any exercise hereof,
or any shares or other securities issued upon any conversion of any Shares issued upon any exercise hereof, to any person or entity who
directly competes with the Company, except in connection with an Acquisition of the Company by such a direct competitor.

 

5.5 Notices.
All notices and other communications hereunder from the Company to the Holder, or vice versa, shall be deemed delivered and
effective (i) when given personally, (ii) on the third (3rd) Business Day after being mailed by first-class registered or
certified mail, postage prepaid, (iii) upon actual receipt if given by facsimile or electronic mail and such receipt is confirmed in
writing by the recipient, or (iv) on the first Business Day following delivery to a reliable overnight courier service, courier fee
prepaid, in any case at such address as may have been furnished to the Company or Holder, as the case may be, in writing by the
Company or such Holder from time to time in accordance with the provisions of this Section 5.5. All notices to Holder shall be
addressed as follows until the Company receives notice of a change of address in connection with a transfer or otherwise:

 

SVB Financial Group 

Attn: Treasury Department 

3003 Tasman Drive, HC 215 

Santa Clara, CA 95054 

Telephone: (408) 654-7400 

Facsimile: (408) 988-8317 

Email address: derivatives@svb.com

 

Notice
to the Company shall be addressed as follows until Holder receives notice of a change in address:

 

BEAMR IMAGING LTD. 

Attn.: Sharon Carmel, CEO 

23 Menachem Begin Road 

Tel-Aviv, Israel

 

Beamr – SVB Warrant

 

    10

     

    

 

Telephone: 972 (3) _____________ 

Facsimile: 972 (3) _____________ 

Email: sharon@beamr.com

 

With a copy (which shall not
constitute notice) to:

 

Meitar Liquornik Geva Leshem
Tal 

Attn: Simcha Koevary, Adv. 

16 Abba Hillel Road, Ramat-Gan

Israel, 5250608 

Telephone: +972-3-6103100 

Facsimile: +972-3-6103111 

Email: simchak@meitar.com

 

5.6
Waiver. This Warrant and any term hereof may be changed, waived, discharged or terminated (either generally or in a particular
instance and either retroactively or prospectively) only by an instrument in writing signed by the party against which enforcement of
such change, waiver, discharge or termination is sought.

 

5.7
Attorney’s Fees. In the event of any dispute between the parties concerning the terms and provisions of this Warrant, the
party prevailing in such dispute shall be entitled to collect from the other party all costs incurred in such dispute, including reasonable
attorneys’ fees.

 

5.8
Counterparts; Facsimile/Electronic Signatures. This Warrant may be executed in counterparts, all of which together shall constitute
one and the same agreement. Any signature page delivered electronically or by facsimile shall be binding to the same extent as an original
signature page with regards to any agreement subject to the terms hereof or any amendment thereto.

 

5.9
Governing Law. This Warrant shall be governed by and construed in accordance with the laws of the State of Israel, without giving
effect to its principles regarding conflicts of law, and the parties hereto irrevocably submit to the exclusive jurisdiction of the Courts
of Tel Aviv, Israel, in respect of any dispute or matter arising out of or connected with this Warrant.

 

5.10
Headings. The headings in this Warrant are for purposes of reference only and shall not limit or otherwise affect the meaning
of any provision of this Warrant.

 

5.11
Business Days. “Business Day” is any day that is not a Saturday, Sunday or a day on which Silicon Valley
Bank is closed.

 

5.12 Taxes.

 

(a)
Holder shall bear full responsibility for all tax obligations and consequences relating to the transfer or exercise of this Warrant or
sale of the Shares issuable upon the exercise of this Warrant, which by their nature apply to holders of warrants. In the event that
the Company is required under applicable law to withhold any tax as a result of the exercise of this Warrant and/or the issuance of the
Shares underlying the Warrant, the Company will be entitled to withhold such taxes in accordance with applicable law; provided, however,
that if Holder provides the Company with a valid certificate of exemption from tax withholding or a determination applying a reduced
withholding tax rate or any other instructions regarding the payment of withholding taxes issued by the Israel Tax Authority, then such
withholding (if any) shall be made only in accordance with the provisions of such certificate.

 

Beamr – SVB Warrant

 

    11

     

    

 

(b)
In the event that the Company is required under Israeli law to withhold taxes in connection with the exercise of this Warrant and/or
the issuance of the Shares underlying the Warrant in accordance with the provisions of Section (a) above, the Company shall be entitled
to (i) deduct such amounts actually paid by the Company to the Israeli Tax Authority from any cash consideration payable to the Holder
as a result of such exercise and/or issuance, as the case may be, or (ii) absent of such sufficient cash consideration, the Holder shall
reimburse the Company for such shortfall of cash amount actually withheld by the Company and paid to the applicable Israeli tax authority;
in each case provided that: (i) prior to making any tax withholding payment, the Company shall advise Holder in writing of such
proposed payment in order to allow Holder to present to the Company a valid certificate of exemption from tax withholding or a determination
applying a reduced withholding tax rate or any other instructions regarding the payment of withholding taxes issued by the Israel Tax
Authority, (ii) in connection with the tax withheld by the Company, if any, the Company will furnish Holder with proof reasonably satisfactory
to Holder indicating that the Company has made all such withholding tax payments, and (iii) the Company will cooperate with Holder in
connection with any information and documentation reasonably required by Holder in connection with credits, exemptions, rebates, or other
benefits to be obtained by Holder in connection with such withholding payments made by the Company, which credits, exemptions, rebates,
or other benefits shall be property of the Holder.

 

[Remainder of page
left blank intentionally]

 

[Signature page
follows]

 

Beamr – SVB Warrant

 

    12

     

    

 

IN
WITNESS WHEREOF, the parties have caused this Warrant to Purchase Shares to be executed by their duly authorized representatives effective
as of the Issue Date written above.

 

“COMPANY”

 

BEAMR IMAGING LTD

 

	By:	/s/ Sharon
    Carmel	 
	 	 	 
	Name:  	Sharon
        Carmel

    (Print)
	 
	 	 	 
	Title:	CEO	 

 

“HOLDER”

 

SILICON VALLEY BANK

 

	By:	/s/ Sam Subilia	 
	 	 	 
	Name: 	Sam Subilia	 
	 	(Print)	 
	 	 	 
	Title:	 VP	 

 

Beamr – SVB Warrant
(signature Page)

 

    13

     

    

 

APPENDIX 1

 

NOTICE OF EXERCISE 

 

1.
The undersigned Holder hereby exercises its right purchase ___________ [Ordinary shares/Series ______ Preferred [circle one] Shares of
BEAMR IMAGING LTD (the “Company”) in accordance with the attached Warrant To Purchase Shares, and tenders payment
of the aggregate Warrant Price for such shares as follows:

 

		☐	check in the amount of $________
payable to order of the Company enclosed herewith
	 	 	 
		☐	Wire transfer of immediately available funds to the
    Company’s account
	 	 	 
		☐	Cashless Exercise pursuant to Section 1.2 of the Warrant
	 	 	 
		☐	Other [Describe] __________________________________________

 

2. Please issue
a certificate or certificates representing the Shares in the name specified below:

 

___________________________________________

Holder’s Name 

___________________________________________

 

___________________________________________

(Address)

 

3.
By its execution below and for the benefit of the Company, Holder hereby restates each of the representations and warranties in Section
4 of the Warrant to Purchase Stock as of the date hereof.

 

	 	HOLDER:
	 	 
	 	 	 
	 	By:	     
	 	 	 
	 	Name:	 
	 	 	 
	 	Title:	 
	 	 	 
	 	(Date):	 

 

Beamr
– SVB Warrant

 

    Appendix 1Exhibit
10.7

 

ADVANCE
INVESTMENT AGREEMENT

 

THIS
ADVANCE INVESTMENT AGREEMENT (this “Agreement”) is entered into as of August 6th, 2019, by and between Beamr
Imaging Ltd., a company organized under the laws of the State of Israel (the “Company”) and the Investor listed in Schedule
1 attached hereto (the “Investor”).

 

WHEREAS,
the Investor has agreed to provide the Company with a bridge investment in the aggregate amount of US$_________ (the “Investment
Amount”); and

 

WHEREAS,
the Company desires to receive from the Investor the Investment Amount, and the Investor is willing, to provide the Investment Amount
to the Company, subject to the terms and conditions of this Agreement.

 

NOW,
THEREFORE, THE PARTIES HEREBY AGREE AS FOLLOWS:

 

1. THE
INVESTMENT AMOUNT. At and subject to the Closing (as defined below), the Investor shall provide to the Company and the Company shall
receive from the Investor the Investment Amount.

 

2.
CLOSING.

 

2.1
Closing Date. Subject to the fulfillment of the conditions set forth in Section 7 below, the closing of the payment and receipt
of the Investment Amount (the “Closing”) shall take place remotely, via the exchange of documents and signatures, on
the date hereof, or by such other means or at such other date or place as may be agreed by the Investor and the Company (the date on
which the Closing actually occurs, the “Closing Date”).

 

2.2
Transactions at the Closing. At the Closing, the following transactions shall occur, which transactions shall be deemed to take
place simultaneously and no transaction shall be deemed to have been completed or any document delivered until all such transactions
have been completed and all required documents delivered:

 

		(a)	The
                                            Company shall deliver to the Investor the following documents:

 

(i) True
and correct copies of the resolutions of the Company’s Board of Directors approving, inter alia, this Agreement and the transactions
contemplated hereby, in the form attached hereto as Schedule 2.2(a)(i);

 

(ii) Waivers
of rights of preemption or other participation rights (including with respect to the conversion of the Investment Amount pursuant to
the terms and conditions hereunder), executed by all shareholders entitled to such rights under the Company’s Articles of Association
as in effect as of the date hereof (the “Existing Articles”) or otherwise evidence that such rights have expired; and

 

(b) The
Investor shall cause the transfer to the Company of the Investment Amount, by wire transfer, or such other form of payment as is mutually
agreed by the Company and the Investor, to such bank account as the Company shall instruct the Investor in writing.

 

3.
ISSUANCE OF SHARES.

 

3.1
Issuance upon Qualified Financing.

 

(a) In
the event of the consummation by the Company of a transaction or series of related transactions in which the Company issues securities
of a preferred class or series, in consideration for an aggregate investment of at least US$10,000,000 (Ten Million United States Dollars)
(including the Investment Amount and any additional amount provided to the Company under any additional Advanced Investment Agreement(s))
(a “Qualified Financing”), the Investment Amount shall automatically convert immediately prior to the consummation of
such Qualified Financing into such number of preferred shares (or a sub-class thereof) issued in such Qualified Financing (the “Next
Round Shares”), as is obtained by dividing the Investment Amount by a price per share which shall reflect a 20% discount off
the lowest price per share paid in the Qualified Financing.

 

     

     

    

 

(b) The
shares issued upon conversion of the Investment Amount (the applicable shares issued upon conversion under each of the conversion provisions
of this Agreement are referred to herein as the “Conversion Shares”) shall have the same rights and preferences as attached
to the shares issued to the investors in such Qualified Financing (but not, for the avoidance of doubt, the right to nominate a director
to the extent such right had not existed previously)), including without limitation, liquidation preference, anti-dilution protection,
registration rights, preemptive rights, right of first refusal, voting and veto rights, or other rights, pro-rata to the respective amounts
of investment, and the Investor shall otherwise be deemed one of the investors in such Qualified Financing for all purposes (including
with respect to any other securities, warrants or other rights issued or provided to all such investors as part of the Qualified Financing).

 

(c) In
the event that the Qualified Financing is achieved through a series of related closings, then: (i) the Investment Amount shall be
converted as aforesaid, at the first closing to occur, at which all conditions required to qualify such financing as a Qualified
Financing have been satisfied; and (ii) in the event that the transactions consummated in such closings are not on the same
terms and conditions and/or involve the issuance of more than one type of Company’s securities, then, the Investment Amount
shall be converted as aforesaid into an equity investment on the most favorable terms to the Investor, at the conversion price
detailed in Section 3.1(a) above, as applicable, with the securities issued therefor being of the type that confers upon its holders
the most favorable and preferential rights, preferences and privileges.

 

3.2
Issuance upon a Non-Qualified Financing. In the event of a consummation by the Company of a transaction or series of related transactions
in which the Company issues preferred shares in consideration for an aggregate investment of less than US$10,000,000 (Ten Million United
States Dollars) (including the Investment Amount and any additional amount provided to the Company under any additional Advanced Investment
Agreement(s)), or which for any other reason would not be deemed as a Qualified Financing (a “Non-Qualified Financing”),
then upon each time when the Company consummates such Non-Qualified Financing, the Investor shall have the right (but not the obligation)
to elect, by delivery of written notice to the Company no later than thirty (30) days from the receipt of a written notice from the Company
setting forth the terms and conditions of such Non-Qualified Financing, to convert immediately prior to the consummation of such Non-Qualified
Financing the Investment Amount into the shares and/or securities issued and sold at the closing of such Non-Qualified Financing, all
in accordance with the provisions of Section 3.1 above, which shall apply mutatis mutandis.

 

3.3
Issuance upon a Trigger Date. In the event that the Company has not consummated by August 5th, 2020 (the “Trigger
Date”) a Qualified Financing or an Exit Event (as defined below) and the Investment Amount or any portion thereof has not been
converted in accordance with the terms of this Agreement, then, the Investor shall have the right (but not the obligation) to elect,
by delivery of written notice to the Company no later than thirty (30) days from the receipt of a written notice from the Company, to
convert the Investment Amount into such number of shares of the Company of the most senior class then outstanding (the “Most
Senior Shares”), equals to the quotient received by dividing the Investment Amount by a price per share reflecting a pre-money
valuation of the Company (determined on a fully diluted basis as of the date of the conversion) of US$62,500,000 (“Target Valuation”).

 

    2

     

    

 

3.4 Issuance/Payment
upon an Acquisition or Asset Transfer. Unless previously converted, in the event of the consummation of an Acquisition or an
Asset Transfer (as such terms are defined in the Company’s Articles of Association, as may be amended from time to time (the
“Articles”)) (together with an IPO (as such term is defined in the Articles), each, an “Exit
Event”), then immediately prior to the closing of such Acquisition or Asset Transfer, the Investor shall either elect, at
its discretion, to (I) convert the Investment Amount into such number of Most Senior Shares, as is obtained by dividing the
Investment Amount by the quotient obtained by dividing (A) the Target Valuation by (B) the issued and outstanding share capital of
the Company, on a fully diluted basis, as of immediately prior to the closing of the Acquisition or Asset Transfer, as applicable,
excluding any shares to be issued under this Agreement); or (II) receive, prior and in preference to payment in respect of
other Company securities, a redemption payment equal to 200% of the Investment Amount.

 

3.5
Issuance upon an IPO. Unless previously converted, in the event of the consummation of an IPO, then immediately prior to the closing
or effectiveness of the IPO, the Investment Amount shall be automatically converted into Ordinary Shares (as defined below) at a price
per share equal to the quotient of (i) the price to the public per Ordinary Share of the Company in such IPO multiplied by (ii) 0.8.

 

3.6
Notice. For as long as the Investment Amount has not been converted, the Company shall deliver prior written notice to the Investor
of any contemplated Qualified Financing, Non-Qualified Financing or Exit Event, as promptly as possible, but in any event at least fourteen
(14) days prior to the closing of such transaction, provided, however, that if such notice may not be given without the Company’s breach
of a confidentiality obligation entered into in connection with such contemplated transaction, or notice to the Company’s shareholders
is to be given at a later stage, then such notice shall be given at such times and on such terms as provided to the Company’s shareholders.

 

4.
MECHANICS OF ISSUANCE OF SHARES.

 

4.1
No Fractional Shares. The issuance of shares hereunder shall be calculated based on the aggregate Investment Amount to be converted
by the Investor and upon conversion, no fractional shares shall be issued to the Investor. The number of Conversion Shares to be issued
to the Investor shall be rounded down to the nearest whole number.

 

4.2
Issuance. The Company shall, immediately upon any conversion of the Investment Amount, issue and deliver to the Investor a certificate
representing the number of the Conversion Shares to which the Investor is entitled upon conversion of the Investment Amount, grant to
the Investor the rights, preferences, powers and privileges required to be granted in connection with such Conversion Shares, and register
the issuance of such Conversion Shares in the Investor’s name in the Company’s register of shareholders. The Investor, by entering into
this Agreement, consents to the placement of legend(s) on all securities issued hereunder with respect to restrictions on transferability
thereof in order to ensure compliance with applicable securities laws.

 

4.3
Rights as Shareholder. From the date of occurrence of a conversion as set forth in Section 3 and thereafter, whether or not the
Conversion Shares required to be issued to the Investor have actually been issued, the Investor shall be deemed to be the holder of such
Conversion Shares, and shall be deemed to have all rights, preferences, powers, privileges, restrictions, qualifications and limitations
required to be granted in connection with such Conversion Shares.

 

4.4
Original Issue Price. For purposes of liquidation and dividend preference rights, anti dilution rights and any other rights to
which the Investor may be entitled upon conversion of the Investment Amount, whether pursuant to the Articles or otherwise, the price
per share of the Conversion Shares shall be the price per share according to which the Investment Amount was actually converted (i.e.,
after taking into account any discount provided to the Investor pursuant to this Agreement).

 

    3

     

    

 

4.5
Further Assurance. The Investor agrees and covenants that at any time and from time to time it will promptly execute and deliver
to the Company such further instruments and documents and shall perform such further acts as may reasonably be necessary to carry out
and give full effect to the provisions of this Agreement and the intentions of the parties as reflected hereby, including, without limitation,
to vote (and execute written resolutions) at any time in favor of an amendment to the Articles as then in effect in order to provide
for the creation, authorization and issuance of the Conversion Shares, and the reservation of sufficient Ordinary Shares nominal value
NIS 0.01 per share of the Company (“Ordinary Shares”) for conversion thereof. The Company hereby undertakes to take
all necessary actions in its power and obtain all required approvals and consents so as to approve and adopt such amendment to its Articles.

 

4.6
Effect of Conversion. Upon conversion or repayment, as applicable, in full of the Investment Amount pursuant to the terms of this
Agreement and, if applicable, the grant to the Investor of the rights, preferences, powers and privileges required to be granted in connection
with the Conversion Shares, any obligations of the Company (other than the representations of the Company listed herein) towards the
Investor hereunder shall be deemed satisfied in full.

 

4.7
Financing Agreements. The Investor acknowledges and agrees that the conversion of the Investment Amount into Conversion Shares
may require such Investor’s execution of certain agreements relating to the purchase and sale of such securities as well as registration,
co-sale, rights of first refusal, rights of first offer and voting rights, if any, relating to such shares. The Investor agrees to execute
all such agreements as the “Investor” in connection with the conversion so long as the issuance of Conversion Shares issued
pursuant to the conversion of the Investment Amount are subject to the same terms and conditions applicable to the shares sold in the
Qualified Financing, Non-Qualified Financing or financing relating to the Most Senior Shares, as the case may be and the terms and conditions
in such agreements or otherwise are no less favorable to the Investor than as set forth in the documents executed by the Investor in
connection with the prior equity financing for the Company prior to the date of this Agreement. Without derogating from the foregoing,
the Investor shall be deemed the “Investor” in connection with the conversion hereunder and be deemed a party to all such financing
agreements whether or not the Investor actually executes such agreements provided that notwithstanding anything to the contrary in the
financing agreements, the terms and conditions in such agreements are no less favorable to the Investor than as set forth in documents
previously executed by the Investor in connection with a prior equity financing for the Company prior to the date of this Agreement.

 

5.
REPRESENTATIONS AND WARRANTIES OF THE COMPANY.

 

The
Company hereby represents and warrants to the Investor that the following representations are true, correct and complete as of the date
hereof and as of the Closing (as if made on the Closing Date); except, in each case, as to such representations and warranties that address
matters as of a particular date, which are given only as of such date:

 

5.1
Organization. The Company is a company duly organized and validly existing under the laws of the State of Israel, is not a “breaching
company” (within the meaning of Section 362.A of the Israeli Companies Law, 1999, as amended) and has all requisite corporate power
and authority to carry on its business as currently conducted.

 

5.2
Authorization. The Company has the full power and authority to execute and deliver this Agreement and the other agreements contemplated
hereby or which are ancillary hereto, and to consummate the transactions contemplated hereby, and each of this Agreement and the other
agreements contemplated hereby or which are ancillary hereto, when executed and delivered by the Company, and assuming the due authorization,
execution and delivery by the other parties hereto and thereto, constitutes valid and binding obligations of the Company, enforceable
against the Company in accordance with their respective terms except (i) as limited by applicable bankruptcy, insolvency, reorganization,
moratorium, fraudulent conveyance, or other laws of general application relating to or affecting the enforcement of creditors’ rights
generally, and (ii) as limited by laws relating to the availability of specific performance, injunctive relief, or other equitable remedies.

 

    4

     

    

 

5.3 No
Conflict; Consents. The execution, delivery and performance of this Agreement and the consummation of the transactions
contemplated hereby will not (a) result in any conflict with, or a breach or violation, with or without the passage of time and
giving of notice, of any of the terms, conditions or provisions of, or give rise to rights to others (including rights of
termination, cancellation or acceleration) under: (i) the Existing Articles; (ii) any judgment, injunction, order, writ, decree or
ruling of any court or governmental authority, domestic or foreign, to which the Company is subject; (iii) any material contract or
agreement, lease, license or commitment to which the Company is a party or by which it is bound; or (iv) any applicable law;
(b) result in the creation of any lien, charge or encumbrance upon any assets of the Company or the suspension, revocation,
forfeiture, or nonrenewal of any material permit or license applicable to the Company; or (c) except as may be required under that
certain Loan and Security Agreement dated as of February 19, 2017, by and between Silicon Valley Bank, the Company and Beamr, Inc.,
require the consent, approval or authorization of, registration, qualification or filing with, or notice to any person or any
federal, state, local or foreign governmental authority or regulatory authority or agency, on the part of the Company, which has not
heretofore been obtained or will be obtained prior to Closing.

 

5.4
Share Capital. The authorized share capital of the Company as of the date hereof and as of the Closing is as set forth in the
Existing Articles, and the issued and outstanding share capital of the Company, on a fully diluted as converted basis as of the date
hereof and as of the Closing, is set forth in Schedule 5.4. The issued and outstanding shares of the Company were duly and validly
authorized and issued, fully paid and non-assessable, and offered and issued in compliance with the provisions of the Company’s Articles
of Association as in effect at the time of each such issuance and in compliance with all applicable corporate and securities laws. Other
than as set forth in this Agreement or in Schedule 5.4, and except for (i) the conversion privileges of the Conversion Shares
pursuant to the Articles; (ii) the preemptive rights and bring-along provisions under applicable law or in the Articles; (iii) Ordinary
Shares reserved for issuance upon conversion of the Conversion Shares pursuant to the Articles, there are no outstanding share capital,
options, warrants, rights (including conversion, preemptive rights, rights of first refusal or similar rights) or agreements for the
purchase from the Company of any of its share capital, or any securities convertible into or exchangeable for shares of the Company (whether
now or hereinafter authorized or issued), or that could require the Company or a shareholder of the Company to issue, sell, transfer
or otherwise cause to be outstanding any of the Company’s share capital or securities convertible or exercisable into shares thereof.

 

5.5
Valid Issuance. Upon any conversion of the Investment Amount as set forth herein, the Conversion Shares shall be duly and validly
issued, fully paid, and non-assessable, issued in compliance with all applicable state securities laws, and free and clear of liens,
pledges, charges, encumbrances or other restrictions on transfer of any kind (including, without limitation, preemptive rights), other
than as may be specified in the definitive agreements governing the transaction upon which such conversion shall occur pursuant to Section
3 above and under applicable securities laws and other than liens or encumbrances created by or imposed on the Investor as to itself.

 

    5

     

    

 

5.6
Litigation. There is no claim, action, suit, proceeding, arbitration, complaint, charge or, to the Company’s knowledge, investigation
pending, or, to the Company’s knowledge, currently threatened in writing against the Company, any of its properties or any officer, director
or employee of the Company, or that questions the validity of the Agreement or the right of the Company to enter into it, or to consummate
the transactions contemplated by the Agreement. Neither the Company nor, to the Company’s knowledge, any of its officers, directors,
consultants or employees is a party to or is named as subject to the provisions of any order, writ, injunction, judgment or decree of
any court or government agency or instrumentality (in the case of officers, directors or employees, such as would affect the Company).
There is no action, suit, proceeding or investigation by the Company pending or which the Company intends to initiate. The foregoing
includes, without limitation, actions, suits, proceedings or investigations pending or, to the Company’s knowledge, threatened in writing
(or any basis therefor known to the Company) involving the prior engagement of any of the Company’s employees their services provided
in connection with the Company’s business, any information or technologies allegedly proprietary to any of their former employers or
their obligations under any agreements with former employers.

 

5.7
Compliance with Laws and Other Instruments. The Company is, and has been, in compliance, in all material respects, with all applicable
laws. The Company has not received any written notice of or been charged with the violation of any law and, to Company’s knowledge, there
is no threatened action or proceeding against the Company under any of such laws. The Company is not in violation of or default under
(i) any provisions of the Existing Articles, (ii) any order, writ, injunction, decree, or judgment of any court or any governmental department,
commission or agency, domestic or foreign, to which it is subject or by which it is bound. The Company has obtained all franchises, permits,
licenses, consents and any similar authorizations that are material to its business as currently conducted under applicable law, and
is in compliance, in all material respects, with such franchises, permits, licenses, consents and similar authorizations. None of the
Company’s products, intellectual property or operations is subject to any restriction or limitation or requires a license or registration
under applicable laws relating to marketing, export or import controls. Without limiting the generality of the foregoing, the Company
has not and is not using or developing, or is engaged in, encryption technology, or other technology whose development, commercialization
or export is restricted, and the conduct of the business as currently conducted does not require obtaining a license from the Israeli
Ministry of Defense or an authorized body thereof pursuant to Section 2(a) of the Control of Products and Services Declaration (Engagement
in Encryption), 1974, or from the Israeli Ministry of Economy pursuant to the Law of Regulation of Security Exports, 2007.

 

6.
REPRESENTATIONS AND WARRANTIES OF THE INVESTOR.

 

The
Investor hereby represents and warrants that the following representations are true, correct and complete as of the date hereof and as
of the Closing (as if made on the Closing Date) and as of the date of the issuance of the Conversion Shares; except, in each case, as
to such representations and warranties that address matters as of a particular date, which are given only as of such date:

 

6.1
Authorization; Organization. The Investor is duly organized, validly existing and, if applicable, in good standing under the laws
of the jurisdiction in which it has been incorporated and has full power and authority to enter into this Agreement. This Agreement when
executed and delivered by the Investor, and assuming the due authorization, execution and delivery by the other parties hereto, constitute
valid and binding obligations of the Investor, enforceable against the Investor in accordance with its terms, except (i) as limited by
applicable bankruptcy, insolvency, reorganization, moratorium, fraudulent conveyance, or other laws of general application relating to
or affecting the enforcement of creditors’ rights generally, and (ii) as limited by laws relating to the availability of specific performance,
injunctive relief, or other equitable remedies.

 

    6

     

    

 

6.2
Purchase Entirely for Own Account. The Conversion Shares to be issued upon conversion hereunder and the Ordinary Shares issued
upon conversion thereof (the “Conversion Securities”) will be acquired for investment for the Investor’s own account,
not as a nominee or agent, and not with a view to the resale or distribution of any part thereof, and the Investor has no present intention
of selling, granting any participation in, or otherwise distributing the same. The Investor does not presently have any contract, undertaking,
agreement or arrangement to sell, transfer or grant participation rights to any person with respect to any of the Conversion Securities.
The Investor has not been formed for the specific purpose of acquiring the Conversion Securities.

 

6.3
Disclosure of Information. The Investor has had an opportunity to discuss the Company’s business, operations, properties, prospects,
technology, plans, management, financial affairs and the terms and conditions of the offering of the Conversion Shares with the Company’s
management and has had an opportunity to review the Company’s facilities. The foregoing, however, does not limit, modify or qualify the
representations and warranties of the Company in Section 4.6 of this Agreement or the right of the Investor to rely thereon. The Investor
acknowledges that any projections provided (if any) by the Company are uncertain in nature, and that some or all of the assumptions underlying
such projections may not materialize or will vary significantly from actual results.

 

6.4
Investment Experience; Accredited Investor; Non-U.S. Person. The Investor is an investor in securities of companies in the development
stage and acknowledges that it is able to fend for itself, can bear the economic risk of its investment, and has such knowledge and experience
in financial or business matters that it is capable of evaluating and understanding the merits and risks of the investment in the Conversion
Shares. The Investor is either (i) an accredited investor as defined in Rule 501(a) of Regulation D promulgated under the Securities
Act of 1933 (together with the rules and regulations promulgated thereunder, all as amended, the “Securities Act”),
or (ii) a Non U.S. Person as defined under Regulation S promulgated under the Securities Act. To the extent that the Investor is a non
U.S. Person, the Investor (x) is not acquiring Conversion Securities for the account or benefit of any U.S. Person, (y) is not, at the
time of execution of this Agreement, and will not be, at the time of the issuance of the Conversion Securities, in the United States
and (z) is not a “distributor” (as defined in Regulation S promulgated under the Securities Act).

 

6.5
Restricted Securities. The Conversion Securities will not be registered under the Securities Act or any state securities laws
and, therefore, cannot be resold unless they are registered under the Securities Act and applicable state securities laws or unless an
exemption from such registration requirements is available. Investor is aware that the Company is under no obligation to effect any such
registration or to file for or comply with any exemption from registration. The sale and issuance of the Conversion Securities have not
and will not be registered under the Securities Act by reason of a specific exemption from registration which depends upon, among other
things, the accuracy of the Investor’s representations as expressed herein.

 

6.6
Legends. The Conversion Securities, and (if applicable) any securities issued in respect of or exchange for the foregoing may
be notated with the following or a similar legend as well as other legends as may be required by applicable securities laws: “THE
SHARES REPRESENTED HEREBY HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AND HAVE BEEN ACQUIRED FOR INVESTMENT AND NOT WITH
A VIEW TO, OR IN CONNECTION WITH, THE SALE OR DISTRIBUTION THEREOF. NO TRANSFER OF SUCH SHARES MAY BE EFFECTED WITHOUT AN EFFECTIVE REGISTRATION
STATEMENT RELATED THERETO OR AN OPINION OF COUNSEL IN A FORM SATISFACTORY TO THE COMPANY THAT SUCH REGISTRATION IS NOT REQUIRED UNDER
THE SECURITIES ACT OF 1933.”

 

    7

     

    

 

7.
CONDITIONS TO CLOSING.

 

The
obligation of the Investor to disburse the Investment Amount to the Company on the Closing Date is subject to the fulfillment on or before
the Closing of each of the following conditions, unless otherwise waived in writing by the Investor:

 

(a) Performance.
The Company shall have performed and complied with all agreements, obligations and conditions contained in this Agreement that are required
to be performed or complied with by it on or before the Closing.

 

(b) Consents,
etc. The Company shall have secured at or prior to the Closing, all permits, consents and authorizations that shall be necessary
or required lawfully to consummate this Agreement and the transactions contemplated by this Agreement.

 

(c) Delivery
of Documents. All of the documents to be delivered by the Company pursuant to Section 2.2(a) shall be in a form as attached to this
Agreement, or in a form and substance satisfactory to the Investor and shall have been delivered to the Investor.

 

8.
CERTAIN EVENTS.

 

Notwithstanding
anything herein to the contrary, unless earlier converted/repaid pursuant to Section 3 above, subject to the Company’s obligations towards
Silicon Valley Bank, the Investment Amount shall immediately become due and payable in cash by the Company upon an occurrence of a Certain
Event (as defined below). Each of the following shall constitute a “Certain Event”:

 

8.1
The Company files any petition or action for relief under any bankruptcy, reorganization, insolvency or moratorium law or any other law
for the relief of, or relating to, debtors, now or hereafter in effect (collectively “Bankruptcy Laws”), or makes any
assignment for the benefit of creditors or takes any corporate action in furtherance of any of the foregoing and such actions are not
stayed, enjoined, or discharged within forty five (45) days from their commencement;

 

8.2
The appointment of a receiver or trustee over the whole or any part of the Company’s assets and such appointment is not stayed, enjoined
or discharged within forty five (45) days from its commencement;

 

8.3
The calling by Company of a meeting of creditors for the purpose of entering into a scheme or arrangement with them;

 

8.4
Any involuntary petition or proceeding under any Bankruptcy Laws is instituted against the Company, which has not been terminated within
forty five (45) days thereafter;

 

8.5
The transaction of the business of the Company is suspended, substantially curtailed or ceased for a period longer than forty five (45)
days; or

 

8.6
The Company adopts one or more resolutions for dissolution, liquidation, bankruptcy or winding-up of the Company.

 

The
Company shall notify the Investor in writing immediately upon the occurrence of any such Certain Event (without regard to any grace or
cure period specified therein).

 

    8

     

    

 

9.
MISCELLANEOUS.

 

9.1
Taxes. The Investor shall bear and be responsible to pay in cash (to the Company or the relevant tax authorities, as applicable)
all taxes attributable to it, if any, in connection with or as a result of the transactions contemplated under this Agreement.

 

9.2
Survival. The warranties, representations and covenants of the Company and of the Investor contained in or made pursuant to this
Agreement shall survive the Closing

 

9.3
Entire Agreement. This Agreement and the Schedules hereto constitute the full and entire understanding and agreement between the
parties with regard to the subject matters hereof, and supersede all prior agreements and understandings, both written and oral, among
any of the parties hereto, with respect to the subject matter hereof (with no concession being made as to the existence of any such prior
agreements or understandings).

 

9.4
Amendment; Waiver. Any term of this Agreement may be amended and the observance of any term hereof may be waived only with the
written consent of the Company and the Investor. The observance of any term hereof may be waived (either prospectively or retroactively
and either generally or in a particular instance) only by the prior written consent of the party against which enforcement of such waiver
shall be sought. Any amendment or waiver effected in accordance with this Section 9.4 shall be binding upon the Investor and each transferee
of the Conversion Shares (or the Ordinary Shares issuable upon conversion thereof), each future holder of all such securities, and the
Company.

 

9.5
Assignment. This Agreement may not be assigned by the Investor or the Company, without the prior written consent of the Investor
or the Company, as the case may be; however, the Investor may assign or transfer its rights, privileges, or obligations set forth in,
arising under, or created by this Agreement to its “Permitted Transferees” as defined in the Articles, provided, however,
that any such Permitted Transferee agrees in writing, prior to or at such assignment or transfer, to be bound by all agreements, warranties
and representations binding upon the Investor under this Agreement. Subject to the foregoing restriction, this Agreement shall inure
to the benefit of the Company and the Investor, and their respective successors, assigns and representatives.

 

9.6
Governing Law; Jurisdiction. This Agreement shall be governed by and construed in accordance with to the laws of the State of
Israel, disregarding its conflict of laws rules. Any dispute arising under or in relation to this Agreement shall be resolved exclusively
in the competent court located in Tel Aviv-Jaffa, Israel and each of the parties hereby irrevocably submits to the exclusive jurisdiction
of such court. Each of the parties hereto (i) consents to submit itself to the exclusive jurisdiction of the abovementioned courts in
the event any dispute arises out of this Agreement or the transactions contemplated by this Agreement, (ii) agrees that it shall not
attempt to deny or defeat such jurisdiction by motion or other request for leave from the abovementioned court, (iii) agrees that it
shall not bring any action relating to this Agreement or the transactions contemplated by this Agreement in any court other than the
abovementioned court, and (iv) irrevocably consents to service of process in the manner provided by Section 9.10 or as otherwise provided
by applicable law.

 

9.7
Delays or Omissions. Except as expressly provided herein, no delay or omission to exercise any right, power or remedy accruing
to any party to this Agreement upon any breach or default of any other party under this Agreement, shall impair any such right, power
or remedy of such non-defaulting party nor shall it be construed to be a waiver of any such breach or default, or an acquiescence therein,
or of any similar breach or default thereafter occurring; nor shall any waiver of any single breach or default be deemed a waiver of
any other breach or default therefore or thereafter occurring. Any waiver, permit, consent or approval of any kind or character on the
part of any party of any breach or default under this Agreement, or any waiver on the part of any party of any provisions or conditions
of this Agreement, must be in writing and shall be effective only to the extent specifically set forth in such writing. All remedies,
either under this Agreement or by law or otherwise afforded to any party to this Agreement, shall be cumulative and not alternative.

 

    9

     

    

 

9.8
Interpretation. The titles and subtitles used in this Agreement are used for convenience only and are not to be considered in
construing or interpreting this Agreement. The words “include”, “includes” and “including” shall be deemed
to be followed by the phrase “without limitation”. Unless the context requires otherwise, the words “herein”, “hereof”
and “hereunder”, and words of similar import, shall be construed to refer to this Agreement in its entirety, and not to any
particular provision hereof, and all references herein to Sections shall be construed to refer to Sections to this Agreement. Reference
to “governmental authorities” (or similar terms) shall include any: (a) nation, principality, state, commonwealth, territory,
county, municipality, district or other jurisdiction of any nature, (b) federal, state, local, municipal, foreign or other government,
(c) governmental, quasi governmental or regulatory body of any nature, including any governmental division, subdivision, department,
agency, bureau, branch, office, commission, council, board, instrumentality, organization, unit, or body, or (d) court, public or private
arbitrator or other public tribunal. Reference to a “person” shall mean any individual, corporation, partnership, limited liability
company, firm, joint venture, association, joint-stock company, trust, estate, unincorporated organization, governmental authority or
other entity, including, any party to this Agreement. Any reference to a “day” or a number of days (without explicit reference
to “business days”) shall be interpreted as a reference to a calendar day or number of calendar days, and if any action is
to be taken or given on or by a particular calendar day, and such calendar day is not a business day, then such action may be deferred
until the first business day thereafter (where “business day” shall mean any day on which banking institutions in Tel-Aviv-Jaffa,
Israel are generally open to the public for conducting business and are not required by law to close).

 

9.9
Severability. If one or more provisions of this Agreement are held to be unenforceable under applicable law, such provision shall
be excluded from this Agreement and the balance of the Agreement shall be enforceable in accordance with its terms and interpreted so
as to give effect, to the fullest extent consistent with and permitted by applicable law, to the meaning and intention of the excluded
provision.

 

9.10 Notices.
All notices and other communications given or made pursuant to this Agreement shall be in writing and shall be deemed effectively
given upon the earlier of actual receipt, or (i) when delivered, if sent by personal delivery to the party to be notified, (ii) when
sent, if sent by electronic mail or facsimile (with electronic conformation of delivery) on a business day and during normal
business hours of the recipient, and otherwise on the first business day in the place of recipient, (iii) five (5) business days
after having been sent, if sent by registered or certified mail, return receipt requested, postage prepaid, or (iv) one (1)
business day after deposit with an internationally recognized overnight courier, freight prepaid, specifying next business day
delivery, with written confirmation of receipt. All communications shall be sent to the respective parties at their address or
contact details as set forth below, or to such address or contact details as subsequently modified by written notice given in
accordance with this Section 9.10, or, in the case of the Investor, as used for purposes of sending shareholders’ notices by
the Company.

 

If
to the Company:

 

Beamr
Imaging Ltd.

Menachem
Begin 23

Attention:
Sharon Carmel

Telephone:
03-560-7333

Facsimile:
03-560-7334

E-mail:
Sharon@beamr.com

 

If
to Investor: as set forth on Schedule 1 hereto.

 

9.11
Counterparts. This Agreement may be executed in one or more counterparts, all of which together shall constitute one and the same
instrument, binding and enforceable against the parties so executing the same; it being understood that all parties need not sign the
same counterpart. Counterparts may also be delivered by facsimile or email transmission (in pdf format or the like, or signed with docusign,
e-sign or any similar form of signature by electronic means) and any counterpart so delivered shall be sufficient to bind the parties
to this Agreement, as an original.

 

[Signature
Pages Follow]

 

    10

     

    

 

IN
WITNESS WHEREOF, the undersigned have caused this Advance Investment Agreement to be executed by their respective duly authorized officers
as of the date first above written.

 

	COMPANY:	 
	Beamr Imaging Ltd.	 
	 	 
	By:	/s/ Sharon Carmel	 
	Name: 	Sharon Carmel	 
	Title: 	CEO	 

 

[Signature
Page to Advance Investment Agreement/Beamr Imaging Ltd.]

 

     

     

    

 

IN
WITNESS WHEREOF, the undersigned have caused this Advance Investment Agreement to be executed by their respective duly authorized officers
as of the date first above written.

 

	INVESTOR:	 
	 	 
	 	 	 
	By:	      	 

 

[Signature
Page to Advance Investment Agreement/Beamr Imaging Ltd.]

 

     

     

    

 

Schedule
1

 

The
Investor

 

	Investor	 	Address	 	Investment
Amount (US$)

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