Document:

Exhibit 10.3

 

REGISTRATION RIGHTS AGREEMENT

 

THIS REGISTRATION
RIGHTS AGREEMENT (this “Agreement”), dated as of October 15, 2019, by and among SEEDO CORP, a Delaware
corporation (the “Company”), and YAII PN, LTD., a Cayman Islands exempt company (the “Investor”).

 

WHEREAS:

 

A. In connection with
the Securities Purchase Agreement by and among the parties hereto of even date herewith (the “Securities Purchase
Agreement”), the Company has agreed, upon the terms and subject to the conditions of the Securities Purchase Agreement,
to issue and sell to the Investor (i) a convertible debenture (the “Convertible Debentures”) which shall be
convertible into shares of the Company’s common stock, par value $0.0001 per share (the “Common Stock,”
as converted, the “Conversion Shares”) in accordance with the terms of the Convertible Debenture and (ii) has
issued to YA Global II SPV, LLC, as a designee of the Investor, a warrant to purchase 440,000 of Common Stock (the “Warrant”,
as exercised the “Warrant Shares”). Capitalized terms not defined herein shall have the meaning ascribed to
them in the Securities Purchase Agreement.

 

B. To induce the Investor
to execute and deliver the Securities Purchase Agreement, the Company has agreed to provide certain registration rights under the
Securities Act of 1933, as amended, and the rules and regulations thereunder, or any similar successor statute (collectively,
the “Securities Act”), and applicable state securities laws and other rights as provided for herein.

 

NOW, THEREFORE,
in consideration of the premises and the mutual covenants contained herein and other good and valuable consideration, the receipt
and sufficiency of which are hereby acknowledged, the Company and the Investor hereby agree as follows:

 

1. DEFINITIONS.

 

As used in this Agreement,
the following terms shall have the following meanings:

 

(a) “Effectiveness
Deadline” means, with respect to a Registration Statement filed hereunder, the 90th calendar day following the date filed,
provided, however, that the Company is in good faith replying any comments received from the U.S. Securities and Exchange Commission
(“SEC”) upon review of the Registration Statement, or in the event the Company is notified by the SEC that one
of the above Registration Statements will not be reviewed or is no longer subject to further review and comments, the Effectiveness
Date as to such Registration Statement shall be the 5th Trading Day following the date on which the Company is so notified if such
date precedes the dates required above.

 

(b) “Filing
Deadline” means, with respect to the initial Registration Statement required hereunder, the 30th calendar day following
the date the Company receives a Filing Notice.

 

     

     

    

 

(c) “Filing
Notice” means a written notice from the Investor to the Company to file a Registration Statement and stating the number
of Registrable Securities to be included on such Registration Statement, provided however the Investor shall not be entitled to
issue such Filing Notice until the Company has filed it’s form 10-K for the fiscal year ended September 2018.

 

(d) “Person”
means a corporation, a limited liability company, an association, a partnership, an organization, a business, an individual, a
governmental or political subdivision thereof or a governmental agency.

 

(e) “Prospectus”
means the prospectus included in a Registration Statement (including, without limitation, a prospectus that includes any information
previously omitted from a prospectus filed as part of an effective registration statement in reliance upon Rule 430A promulgated
under the Securities Act), as amended or supplemented by any prospectus supplement, with respect to the terms of the offering of
any portion of the Registrable Securities covered by a Registration Statement, and all other amendments and supplements to the
Prospectus, including post-effective amendments, and all material incorporated by reference or deemed to be incorporated by reference
in such Prospectus.

 

(f) “Registrable
Securities” means all of (i) the 4,209,183 Conversion Shares issuable upon conversion of the Convertible Debenture, (ii)
(ii) 440,000 Warrant Shares issuable upon exercise of the Warrant (iii) any additional shares issuable in connection with any anti-dilution
provisions in the Convertible Debenture and the Warrant (without giving effect to any limitations on exercise set forth in the
Convertible Debenture and the Warrant) and (v) any shares of Common Stock issued or issuable with respect to the Conversion Shares,
the Convertible Debenture, the Warrant Shares and the Warrant as a result of any stock split, dividend or other distribution, recapitalization
or similar event or otherwise, without regard to any limitations on the conversion of the Convertible Debenture or exercise of
the Warrant.

 

(g) “Registration
Statement” means the registration statements required to be filed hereunder (including any additional registration statements
contemplated by Section 3(c)), including (in each case) the Prospectus, amendments and supplements to such registration statement
or Prospectus, including pre- and post-effective amendments, all exhibits thereto, and all material incorporated by reference or
deemed to be incorporated by reference in such registration statement.

 

(h) “Rule 415”
means Rule 415 promulgated by the SEC pursuant to the Securities Act, as such Rule may be amended from time to time, or any similar
rule or regulation hereafter adopted by the SEC having substantially the same purpose and effect as such Rule.

 

2. REGISTRATION.

 

(a) The Company’s
registration obligations set forth in this Section 2 including its obligations to file Registration Statements upon receipt of
Filing Notices, obtain effectiveness of Registration Statements, and maintain the continuous effectiveness of Registration Statement
that have been declared effective shall begin on the date hereof and continue until all the Registrable Securities have been sold
or may permanently be sold without any restrictions pursuant to Rule 144, as determined by the counsel to the Company or the Investor’s
Counsel pursuant to a written opinion letter to such effect, addressed and acceptable to the Company’s transfer agent and
the affected Holders (the “Registration Period”).

 

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(b) Anytime during the
Registration Period, the Investor shall have the right to deliver to the Company a Filing Notice as provided for herein which shall
trigger the Company’s obligations to file a Registration Statement as set forth below.

 

(c) After receipt of
a Filing Notice, the Company shall, on or prior to the Filing Deadline, prepare and file with the SEC a Registration Statement
on Form S-1 or SB-2 (or, if the Company is then eligible, on Form S-3) covering the resale by the Investor of all of the Registrable
Securities set forth in such Filing Notice. Each Registration Statement shall contain the “Selling Stockholders”
and “Plan of Distribution” sections in substantially the form attached hereto as Exhibit A and contain
all the required disclosures set forth on Exhibit B. The Company shall use its best efforts to have each Registration Statement
declared effective by the SEC as soon as practicable, but in no event later than the Effectiveness Deadline. By 9:30 am on the
date following the date of effectiveness, the Company shall file with the SEC in accordance with Rule 424 under the 1933 Act the
final Prospectus to be used in connection with sales pursuant to such Registration Statement. Prior to the filing of the Registration
Statement with the SEC, the Company shall furnish a draft of the Registration Statement to the Investor for their review and comment.
The Investor shall furnish comments on the Registration Statement to the Company within 24 hours of the receipt thereof from the
Company.

 

(d) During the Registration
Period, the Company shall (i) promptly prepare and file with the SEC such amendments (including post-effective amendments)
and supplements to a Registration Statement and the Prospectus used in connection with a Registration Statement, which Prospectus
is to be filed pursuant to Rule 424 promulgated under the Securities Act, as may be necessary to keep such Registration Statement
effective at all times during the Registration Period, (ii) prepare and file with the SEC additional Registration Statements in
order to register for resale under the Securities Act all of the Registrable Securities; (ii) cause the related Prospectus to be
amended or supplemented by any required Prospectus supplement (subject to the terms of this Agreement), and as so supplemented
or amended to be filed pursuant to Rule 424; (iii) respond as promptly as reasonably possible to any comments received from the
SEC with respect to a Registration Statement or any amendment thereto and as promptly as reasonably possible provide the Investor
true and complete copies of all correspondence from and to the SEC relating to a Registration Statement (provided that the Company
may excise any information contained therein which would constitute material non-public information as to any Investor which has
not executed a confidentiality agreement with the Company); and (iv) comply with the provisions of the Securities Act with respect
to the disposition of all Registrable Securities of the Company covered by such Registration Statement until such time as all of
such Registrable Securities shall have been disposed of in accordance with the intended methods of disposition by the seller or
sellers thereof as set forth in such Registration Statement. In the case of amendments and supplements to a Registration Statement
which are required to be filed pursuant to this Agreement (including pursuant to this Section 2(d)) by reason of the Company’s
filing a report on Form 10-KSB, Form 10-QSB or Form 8-K or any analogous report under the Securities Exchange Act of 1934, as amended
(the “Exchange Act”), the Company shall incorporate such report by reference into the Registration Statement,
if applicable, or shall file such amendments or supplements with the SEC on the same day on which the Exchange Act report is filed
which created the requirement for the Company to amend or supplement the Registration Statement.

 

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(e) Reduction of Registrable
Securities Included in a Registration Statement. Notwithstanding anything contained herein, in the event that the SEC requires
the Company to reduce the number of Registrable Securities to be included in a Registration Statement in order to allow the Company
to rely on Rule 415 with respect to a Registration Statement, then the Company shall be obligated to include in such Registration
Statement (which may be a subsequent Registration Statement if the Company needs to withdraw a Registration Statement and refile
a new Registration Statement in order to rely on Rule 415) only such limited portion of the Registrable Securities as the SEC shall
permit. Any Registrable Securities that are excluded in accordance with the foregoing terms are hereinafter referred to as “Cut
Back Securities.” To the extent Cut Back Securities exist, as soon as may be permitted by the SEC, the Company shall
be required to file a Registration Statement covering the resale of the Cut Back Securities (subject also to the terms of this
Section) and shall use best efforts to cause such Registration Statement to be declared effective as promptly as practicable thereafter.

 

(f) Failure to File
or Obtain Effectiveness of the Registration Statement or Remain Current. If: (i) a Registration Statement is not filed on or
prior to its Filing Date (if the Company files a Registration Statement without affording the Investor the opportunity to review
and comment on the same as required by Section 2(c), the Company shall not be deemed to have satisfied this clause (i)), or (ii)
the Company fails to file with the SEC a request for acceleration in accordance with Rule 461 promulgated under the Securities
Act, within 5 Trading Days of the date that the Company is notified (orally or in writing, whichever is earlier) by the SEC that
a Registration Statement will not be “reviewed,” or not subject to further review, or (iii) a Registration Statement
filed or required to be filed hereunder is not declared effective by the SEC by its Effectiveness Deadline, or (iv) after the effectiveness,
a Registration Statement ceases for any reason to remain continuously effective as to all Registrable Securities for which it is
required to be effective, or the Holders are otherwise not permitted to utilize the Prospectus therein to resell such Registrable
Securities for more than 30 consecutive calendar days or more than an aggregate of 40 calendar days during any 12-month period
(which need not be consecutive calendar days), or (v) if after the six month anniversary of the date hereof, the Company does not
have available adequate current public information as set forth in Rule 144(c) (any such failure or breach being referred to as
an “Event”), then in addition to any other rights the holders of the Convertible Debentures may have hereunder
or under applicable law, on each such Event date and on each monthly anniversary of each such Event date (if the applicable Event
shall not have been cured by such date) until the applicable Event is cured, the Company shall pay to each holder of Convertible
Debenture an amount in cash, as partial liquidated damages (“Liquidated Damages”) and not as a penalty, equal
to 2.0% of the aggregate purchase price paid by such holder pursuant to the Securities Purchase Agreement for any Convertible Debentures
then held by such holder. The parties agree that the maximum aggregate Liquidated Damages payable to a holder of Convertible Debentures
under this Agreement shall be 24% of the aggregate Purchase Price paid by such holder pursuant to the Securities Purchase Agreement.
The partial Liquidated Damages pursuant to the terms hereof shall apply on a daily pro-rata basis for any portion of a month prior
to the cure of an Event.

 

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(g) Liquidated Damages.
The Company and the Investor hereto acknowledge and agree that the sums payable under subsection 2(f) above shall constitute liquidated
damages and not penalties and are in addition to all other rights of the Investor, including the right to call a default. The parties
further acknowledge that (i) the amount of loss or damages likely to be incurred is incapable or is difficult to precisely estimate,
(ii) the amounts specified in such subsections bear a reasonable relationship to, and are not plainly or grossly disproportionate
to, the probable loss likely to be incurred in connection with any failure by the Company to obtain or maintain the effectiveness
of a Registration Statement, (iii) one of the reasons for the Company and the Investor reaching an agreement as to such amounts
was the uncertainty and cost of litigation regarding the question of actual damages, and (iv) the Company and the Investor are
sophisticated business parties and have been represented by sophisticated and able legal counsel and negotiated this Agreement
at arm’s length.

 

3. RELATED OBLIGATIONS.

 

(a) The Company shall,
not less than three 3 Trading Days prior to the filing of each Registration Statement and not less than 1 Trading Day prior to
the filing of any related amendments and supplements to all Registration Statements (except for annual reports on Form 10-K or
Form 10-KSB), furnish to each Investor electronic copies of all such documents proposed to be filed, which documents (other than
those incorporated or deemed to be incorporated by reference) will be subject to the reasonable and prompt review of such Investor,
The Company shall not file a Registration Statement or any such Prospectus or any amendments or supplements thereto to which the
Investors shall reasonably object in good faith; provided that, the Company is notified of such objection in writing no
later than 2 Trading Days after the Investors have been so furnished copies of a Registration Statement.

 

(b) The Company shall
furnish to each Investor whose Registrable Securities are included in any Registration Statement, which obligation may be met by
directing the Investor to www.sec.gov, (i) an electronic copy of such Registration Statement as declared effective by the SEC and
any amendment(s) thereto, including financial statements and schedules, all documents incorporated therein by reference, all exhibits
and each preliminary prospectus, (ii) an electronic copy of the final prospectus included in such Registration Statement and all
amendments and supplements thereto (or such other number of copies as such Investor may reasonably request) and (iii) such other
documents as such Investor may reasonably request from time to time in order to facilitate the disposition of the Registrable Securities
owned by such Investor.

 

(c) The Company shall
use its best efforts to (i) register and qualify the Registrable Securities covered by a Registration Statement under such other
securities or “blue sky” laws of such jurisdictions in the United States as any Investor reasonably requests, (ii) prepare
and file in those jurisdictions, such amendments (including post-effective amendments) and supplements to such registrations and
qualifications as may be necessary to maintain the effectiveness thereof during the Registration Period, (iii) take such other
actions as may be necessary to maintain such registrations and qualifications in effect at all times during the Registration Period,
and (iv) take all other actions reasonably necessary or advisable to qualify the Registrable Securities for sale in such jurisdictions;
provided, however, that the Company shall not be required in connection therewith or as a condition thereto to (w) make any change
to its articles of incorporation or by-laws, (x) qualify to do business in any jurisdiction where it would not otherwise be required
to qualify but for this Section 3(c), (y) subject itself to general taxation in any such jurisdiction, or (z) file a general consent
to service of process in any such jurisdiction. The Company shall promptly notify each Investor who holds Registrable Securities
of the receipt by the Company of any notification with respect to the suspension of the registration or qualification of any of
the Registrable Securities for sale under the securities or “blue sky” laws of any jurisdiction in the United States
or its receipt of actual notice of the initiation or threat of any proceeding for such purpose.

 

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(d) As promptly as practicable
after becoming aware of such event or development, the Company shall notify each Investor in writing of the happening of any event
as a result of which the Prospectus included in a Registration Statement, as then in effect, includes an untrue statement of a
material fact or omission to state a material fact required to be stated therein or necessary to make the statements therein, in
light of the circumstances under which they were made, not misleading (provided that in no event shall such notice contain any
material, nonpublic information), and promptly prepare a supplement or amendment to such Registration Statement to correct such
untrue statement or omission, and deliver an electronic copy of such supplement or amendment to each Investor, which delivery obligation
may be fulfilled by directing the Investor to www.sec.gov. The Company shall also promptly notify each Investor in writing (i)
when a Prospectus or any Prospectus supplement or post-effective amendment has been filed, and when a Registration Statement or
any post-effective amendment has become effective (notification of such effectiveness shall be delivered to each Investor by facsimile
on the same day of such effectiveness), (ii) of any request by the SEC for amendments or supplements to a Registration Statement
or related prospectus or related information, and (iii) of the Company’s reasonable determination that a post-effective
amendment to a Registration Statement would be appropriate.

 

(e) The Company shall
use its best efforts to prevent the issuance of any stop order or other suspension of effectiveness of a Registration Statement,
or the suspension of the qualification of any of the Registrable Securities for sale in any jurisdiction within the United States
of America and, if such an order or suspension is issued, to obtain the withdrawal of such order or suspension at the earliest
possible moment and to notify each Investor who holds Registrable Securities being sold of the issuance of such order and the resolution
thereof or its receipt of actual notice of the initiation or threat of any proceeding for such purpose.

 

(f) If, after the execution
of this Agreement, a Investor believes, after consultation with its legal counsel, that it could reasonably be deemed to be an
underwriter of Registrable Securities, at the request of any Investor, the Company shall furnish to such Investor, on the date
of the effectiveness of the Registration Statement and thereafter from time to time on such dates as a Investor may reasonably
request (i) a letter, dated such date, from the Company’s independent certified public accountants in form and substance
as is customarily given by independent certified public accountants to underwriters in an underwritten public offering, and (ii)
an opinion, dated as of such date, of counsel representing the Company for purposes of such Registration Statement, in form, scope
and substance as is customarily given in an underwritten public offering, addressed to the Investors.

 

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(g) If, after the execution
of this Agreement, a Investor believes, after consultation with its legal counsel, that it could reasonably be deemed to be an
underwriter of Registrable Securities, at the request of any Investor, the Company shall make available for inspection by (i) any
Investor and (ii) one (1) firm of accountants or other agents retained by the Investors (collectively, the “Inspectors”)
all pertinent financial and other records, and pertinent corporate documents and properties of the Company (collectively, the “Records”),
as shall be reasonably deemed necessary by each Inspector, and cause the Company’s officers, directors and employees to supply
all information which any Inspector may reasonably request; provided, however, that each Inspector shall agree, and each Investor
hereby agrees, to hold in strict confidence and shall not make any disclosure (except to a Investor) or use any Record or other
information which the Company determines in good faith to be confidential, and of which determination the Inspectors are so notified,
unless (a) the disclosure of such Records is necessary to avoid or correct a misstatement or omission in any Registration Statement
or is otherwise required under the Securities Act, (b) the release of such Records is ordered pursuant to a final, non-appealable
subpoena or order from a court or government body of competent jurisdiction, or (c) the information in such Records has been made
generally available to the public other than by disclosure in violation of this or any other agreement of which the Inspector and
the Investor has knowledge. Each Investor agrees that it shall, upon learning that disclosure of such Records is sought in or by
a court or governmental body of competent jurisdiction or through other means, give prompt notice to the Company and allow the
Company, at its expense, to undertake appropriate action to prevent disclosure of, or to obtain a protective order for, the Records
deemed confidential.

 

(h) The Company shall
hold in confidence and not make any disclosure of information concerning a Investor provided to the Company unless (i) disclosure
of such information is necessary to comply with federal or state securities laws, (ii) the disclosure of such information is necessary
to avoid or correct a misstatement or omission in any Registration Statement, (iii) the release of such information is ordered
pursuant to a subpoena or other final, non-appealable order from a court or governmental body of competent jurisdiction, or (iv)
such information has been made generally available to the public other than by disclosure in violation of this Agreement or any
other agreement. The Company agrees that it shall, upon learning that disclosure of such information concerning a Investor is sought
in or by a court or governmental body of competent jurisdiction or through other means, give prompt written notice to such Investor
and allow such Investor, at the Investor’s expense, to undertake appropriate action to prevent disclosure of, or to obtain
a protective order for, such information.

 

(i) The Company shall
use its best efforts either to cause all the Registrable Securities covered by a Registration Statement (i) to be listed on each
securities exchange on which securities of the same class or series issued by the Company are then listed, if any, if the listing
of such Registrable Securities is then permitted under the rules of such exchange or (ii) the inclusion for quotation on the
OTC Bulletin Board for such Registrable Securities. The Company shall pay all fees and expenses in connection with satisfying its
obligation under this Section 3(i).

 

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(j) The Company shall
cooperate with each Investor who holds Registrable Securities being offered and, to the extent applicable, to facilitate the timely
preparation and delivery of certificates (not bearing any restrictive legend) representing the Registrable Securities to be offered
pursuant to a Registration Statement and enable such certificates to be in such denominations or amounts, as the case may be, as
the Investors may reasonably request and registered in such names as the Investors may request.

 

(k) The Company shall
otherwise use its best efforts to comply with all applicable rules and regulations of the SEC in connection with any registration
hereunder.

 

(l) Within 2 business
days after a Registration Statement which covers Registrable Securities is declared effective by the SEC, the Company shall deliver,
and shall cause legal counsel for the Company to deliver, to the transfer agent for such Registrable Securities (with copies to
the Investor whose Registrable Securities are included in such Registration Statement) confirmation in such form customary for
such notices of effectiveness, that such Registration Statement has been declared effective by the SEC.

 

(m) The Company shall
take all other reasonable actions necessary to expedite and facilitate disposition by the Investor of Registrable Securities pursuant
to a Registration Statement.

 

4. OBLIGATIONS OF
THE INVESTORS.

 

(a) The Investor agrees
that, upon receipt of any notice from the Company of the happening of any event of the kind described in Section 3(d) such Investor
will immediately discontinue disposition of Registrable Securities pursuant to any Registration Statement covering such Registrable
Securities until such Investor’s receipt of the copies of the supplemented or amended prospectus contemplated by Section
3(d) or receipt of notice that no supplement or amendment is required. Notwithstanding anything to the contrary, the Company shall
cause its transfer agent to deliver unlegended certificates for shares of Common Stock to a transferee of a Investor in accordance
with the terms of the Securities Purchase Agreement in connection with any sale of Registrable Securities with respect to which
a Investor has entered into a contract for sale prior to the Investor’s receipt of a notice from the Company of the happening
of any event of the kind described in Section 3(d) and for which the Investor has not yet settled.

 

(b) The Investor covenants
and agrees that it will comply with the prospectus delivery requirements of the Securities Act as applicable to it or an exemption
therefrom in connection with sales of Registrable Securities pursuant to the Registration Statement.

 

5. EXPENSES OF REGISTRATION.

 

All expenses incurred
in connection with registrations, filings or qualifications pursuant to Sections 2 and 3, including, without limitation, all registration,
listing and qualifications fees, printers, legal and accounting fees shall be paid by the Company.

 

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6. INDEMNIFICATION.

 

With respect to Registrable
Securities which are included in a Registration Statement under this Agreement:

 

(a) To the fullest extent
permitted by law, the Company will, and hereby does, indemnify, hold harmless and defend the Investor, the directors, officers,
partners, employees, agents, representatives of, and each Person, if any, who controls any Investor within the meaning of the Securities
Act or the Exchange Act (each, an “Indemnified Person”), against any losses, claims, damages, liabilities, judgments,
fines, penalties, charges, costs, reasonable attorneys’ fees, amounts paid in settlement or expenses, joint or several (collectively,
“Claims”) incurred in investigating, preparing or defending any action, claim, suit, inquiry, proceeding, investigation
or appeal taken from the foregoing by or before any court or governmental, administrative or other regulatory agency, body or the
SEC, whether pending or threatened, whether or not an indemnified party is or may be a party thereto (“Indemnified Damages”),
to which any of them may become subject insofar as such Claims (or actions or proceedings, whether commenced or threatened, in
respect thereof) arise out of or are based upon: (i) any untrue statement or alleged untrue statement of a material fact in a Registration
Statement or any post-effective amendment thereto or in any filing made in connection with the qualification of the offering under
the securities or other “blue sky” laws of any jurisdiction in which Registrable Securities are offered (“Blue
Sky Filing”), or the omission or alleged omission to state a material fact required to be stated therein or necessary
to make the statements therein not misleading; (ii) any untrue statement or alleged untrue statement of a material fact contained
in any final prospectus (as amended or supplemented, if the Company files any amendment thereof or supplement thereto with the
SEC) or the omission or alleged omission to state therein any material fact necessary to make the statements made therein, in light
of the circumstances under which the statements therein were made, not misleading; or (iii) any violation or alleged violation
by the Company of the Securities Act, the Exchange Act, any other law, including, without limitation, any state securities law,
or any rule or regulation there under relating to the offer or sale of the Registrable Securities pursuant to a Registration Statement
(the matters in the foregoing clauses (i) through (iii) being, collectively, “Violations”). The Company shall
reimburse the Investor and each such controlling person promptly as such expenses are incurred and are due and payable, for any
legal fees or disbursements or other reasonable expenses incurred by them in connection with investigating or defending any such
Claim. Notwithstanding anything to the contrary contained herein, the indemnification agreement contained in this Section 6(a):
(x) shall not apply to a Claim by an Indemnified Person arising out of or based upon a Violation which occurs in reliance upon
and in conformity with information furnished in writing to the Company by such Indemnified Person expressly for use in connection
with the preparation of the Registration Statement or any such amendment thereof or supplement thereto; (y) shall not be available
to the extent such Claim is based on a failure of the Investor to deliver or to cause to be delivered the prospectus made available
by the Company, if such prospectus was timely made available by the Company pursuant to Section 3(c); and (z) shall not apply
to amounts paid in settlement of any Claim if such settlement is effected without the prior written consent of the Company, which
consent shall not be unreasonably withheld. Such indemnity shall remain in full force and effect regardless of any investigation
made by or on behalf of the Indemnified Person and shall survive the transfer of the Registrable Securities by the Investors pursuant
to Section 9 hereof.

 

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(b) In connection with
a Registration Statement, the Investor agrees to severally and not jointly indemnify, hold harmless and defend, to the same extent
and in the same manner as is set forth in Section 6(a), the Company, each of its directors, each of its officers, employees, representatives,
or agents and each Person, if any, who controls the Company within the meaning of the Securities Act or the Exchange Act (each
an “Indemnified Party”), against any Claim or Indemnified Damages to which any of them may become subject, under
the Securities Act, the Exchange Act or otherwise, insofar as such Claim or Indemnified Damages arise out of or is based upon any
Violation, in each case to the extent, and only to the extent, that such Violation occurs in reliance upon and in conformity with
written information furnished to the Company by such Investor expressly for use in connection with such Registration Statement;
and, subject to Section 6(d), such Investor will reimburse any legal or other expenses reasonably incurred by them in connection
with investigating or defending any such Claim; provided, however, that the indemnity agreement contained in this Section 6(b)
and the agreement with respect to contribution contained in Section 7 shall not apply to amounts paid in settlement of any Claim
if such settlement is effected without the prior written consent of such Investor, which consent shall not be unreasonably withheld;
provided, further, however, that the Investor shall be liable under this Section 6(b) for only that amount of a Claim or Indemnified
Damages as does not exceed the net proceeds to such Investor as a result of the sale of Registrable Securities pursuant to such
Registration Statement. Such indemnity shall remain in full force and effect regardless of any investigation made by or on behalf
of such Indemnified Party and shall survive the transfer of the Registrable Securities by the Investors pursuant to Section 9.
Notwithstanding anything to the contrary contained herein, the indemnification agreement contained in this Section 6(b) with respect
to any prospectus shall not inure to the benefit of any Indemnified Party if the untrue statement or omission of material fact
contained in the prospectus was corrected and such new prospectus was delivered to each Investor prior to such Investor’s
use of the prospectus to which the Claim relates.

 

(c) Promptly after receipt
by an Indemnified Person or Indemnified Party under this Section 6 of notice of the commencement of any action or proceeding (including
any governmental action or proceeding) involving a Claim, such Indemnified Person or Indemnified Party shall, if a Claim in respect
thereof is to be made against any indemnifying party under this Section 6, deliver to the indemnifying party a written notice of
the commencement thereof, and the indemnifying party shall have the right to participate in, and, to the extent the indemnifying
party so desires, jointly with any other indemnifying party similarly noticed, to assume control of the defense thereof with counsel
mutually satisfactory to the indemnifying party and the Indemnified Person or the Indemnified Party, as the case may be; provided,
however, that an Indemnified Person or Indemnified Party shall have the right to retain its own counsel with the fees and expenses
of not more than one (1) counsel for such Indemnified Person or Indemnified Party to be paid by the indemnifying party, if, in
the reasonable opinion of counsel retained by the indemnifying party, the representation by such counsel of the Indemnified Person
or Indemnified Party and the indemnifying party would be inappropriate due to actual or potential differing interests between such
Indemnified Person or Indemnified Party and any other party represented by such counsel in such proceeding. The Indemnified Party
or Indemnified Person shall cooperate fully with the indemnifying party in connection with any negotiation or defense of any such
action or claim by the indemnifying party and shall furnish to the indemnifying party all information reasonably available to the
Indemnified Party or Indemnified Person which relates to such action or claim. The indemnifying party shall keep the Indemnified
Party or Indemnified Person fully apprised at all times as to the status of the defense or any settlement negotiations with respect
thereto. No indemnifying party shall be liable for any settlement of any action, claim or proceeding effected without its prior
written consent; provided, however, that the indemnifying party shall not unreasonably withhold, delay or condition its consent.
No indemnifying party shall, without the prior written consent of the Indemnified Party or Indemnified Person, consent to entry
of any judgment or enter into any settlement or other compromise which does not include as an unconditional term thereof the giving
by the claimant or plaintiff to such Indemnified Party or Indemnified Person of a release from all liability in respect to such
claim or litigation. Following indemnification as provided for hereunder, the indemnifying party shall be subrogated to all rights
of the Indemnified Party or Indemnified Person with respect to all third parties, firms or corporations relating to the matter
for which indemnification has been made. The failure to deliver written notice to the indemnifying party within a reasonable time
of the commencement of any such action shall not relieve such indemnifying party of any liability to the Indemnified Person or
Indemnified Party under this Section 6, except to the extent that the indemnifying party is prejudiced in its ability to defend
such action.

 

    10

     

    

 

(d) The indemnification
required by this Section 6 shall be made by periodic payments of the amount thereof during the course of the investigation or defense,
as and when bills are received or Indemnified Damages are incurred.

 

(e) The indemnity agreements
contained herein shall be in addition to (i) any cause of action or similar right of the Indemnified Party or Indemnified
Person against the indemnifying party or others, and (ii) any liabilities the indemnifying party may be subject to pursuant to
the law.

 

7. CONTRIBUTION.

 

To the extent any indemnification
by an indemnifying party is prohibited or limited by law, the indemnifying party agrees to make the maximum contribution with respect
to any amounts for which it would otherwise be liable under Section 6 to the fullest extent permitted by law; provided, however,
that: (i) no seller of Registrable Securities guilty of fraudulent misrepresentation (within the meaning of Section 11(f) of the
Securities Act) shall be entitled to contribution from any seller of Registrable Securities who was not guilty of fraudulent misrepresentation;
and (ii) contribution by any seller of Registrable Securities shall be limited in amount to the net amount of proceeds received
by such seller from the sale of such Registrable Securities.

 

8. REPORTS UNDER
THE EXCHANGE ACT.

 

With a view to making
available to the Investor the benefits of Rule 144 promulgated under the Securities Act or any similar rule or regulation of the
SEC that may at any time permit the Investors to sell securities of the Company to the public without registration (“Rule
144”), and as a material inducement to the Investor’s purchase of the Convertible Debentures, the Company represents,
warrants, and covenants to the following:

 

(a) The Company is subject
to the reporting requirements of section 13 or 15(d) of the Exchange Act and has filed all required reports under section 13 or
15(d) of the Exchange Act during the 12 months prior to the date hereof (or for such shorter period that the issuer was required
to file such reports), other than Form 8-K reports

 

(b) During the Registration
Period, the Company shall file with the SEC in a timely manner all required reports under section 13 or 15(d) of the Exchange Act
(it being understood that nothing herein shall limit the Company’s obligations under the Securities Purchase Agreement) and
such reports shall conform to the requirement of the Exchange Act and the SEC for filing thereunder.

 

    11

     

    

 

(c) The Company shall
furnish to the Investor so long as such Investor owns Registrable Securities, promptly upon request, (i) a written statement by
the Company that it has complied with the reporting requirements of Rule 144, (ii) a copy of the most recent annual or quarterly
report of the Company and such other reports and documents so filed by the Company, and (iii) such other information as may be
reasonably requested to permit the Investor to sell such securities pursuant to Rule 144 without registration.

 

9. AMENDMENT OF
REGISTRATION RIGHTS.

 

Provisions of this
Agreement may be amended and the observance thereof may be waived (either generally or in a particular instance and either retroactively
or prospectively), only with the written consent of the Company and the Investor who then hold at least two-thirds (2/3) of the
Registrable Securities. Any amendment or waiver effected in accordance with this Section 9 shall be binding upon each Investor
and the Company. No such amendment shall be effective to the extent that it applies to fewer than all of the holders of the Registrable
Securities. No consideration shall be offered or paid to any Person to amend or consent to a waiver or modification of any provision
of any of this Agreement unless the same consideration also is offered to all of the parties to this Agreement.

 

10. MISCELLANEOUS.

 

(a) A Person is deemed
to be a holder of Registrable Securities whenever such Person owns or is deemed to own of record such Registrable Securities or
owns the right to receive the Registrable Securities. If the Company receives conflicting instructions, notices or elections from
two (2) or more Persons with respect to the same Registrable Securities, the Company shall act upon the basis of instructions,
notice or election received from the registered owner of such Registrable Securities.

 

(b) No Piggyback on
Registrations. Except as set forth on Schedule 10(b) attached hereto, neither the Company nor any of its security holders
(other than the Investor in such capacity pursuant hereto) may include securities of the Company in the initial Registration Statement
other than the Registrable Securities. The Company shall not file any other registration statements until the initial Registration
Statement required hereunder is declared effective by the SEC, provided that this Section 10(b) shall not prohibit the Company
from filing amendments to registration statements already filed.

 

(c) Piggy-Back Registrations.
If at any time there is not an effective Registration Statement covering all of the Registrable Securities and the Company shall
determine to prepare and file with the SEC a registration statement relating to an offering for its own account or the account
of others under the Securities Act of any of its equity securities, other than on Form S-4 or Form S-8 (each as promulgated under
the Securities Act) or their then equivalents relating to equity securities to be issued solely in connection with any acquisition
of any entity or business or equity securities issuable in connection with the stock option or other employee benefit plans, then
the Company shall send to the Investor a written notice of such determination and, if within fifteen (15) days after the date of
such notice, any such Investor shall so request in writing, the Company shall include in such registration statement all or any
part of such Registrable Securities such Investor requests to be registered; provided, however, that, the Company
shall not be required to register any Registrable Securities pursuant to this Section 10(c) that are eligible for resale pursuant
to Rule 144(k) promulgated under the Securities Act or that are the subject of a then effective Registration Statement.

 

    12

     

    

 

(d) Any notices, consents,
waivers or other communications required or permitted to be given under the terms of this Agreement must be in writing and will
be deemed to have been delivered upon: (i) receipt, when delivered personally, (ii) 1 Business Day after deposit with an overnight
courier service with next day delivery specified, in each case, properly addressed to the party to receive the same, or (iii) receipt,
when sent by electronic mail (provided that the electronic mail transmission is not returned in error or the sender is not otherwise
notified of any error in transmission. The addresses and e-mail addresses for such communications shall be:

 

	If to the Company, to:	 	Seedo Corp.
	 	 	HaCarmel 2
	 	 	Yokneam, Israel 20692
	 	 	Attention:	Zohar Levy
	 	 	Telephone:  	+972 526 642 2228
	 	 	Email:	zohar@seedolab.com
	 	 	 
	With Copy to:	 	Law Offices of David E. Price, PC
	 	 	#3 Bethesda Metro Center – Suite 700
	 	 	Bethesda, MD 20814
	 	 	Attention:	David E. Price, Esq.
	 	 	Telephone:	(202) 536-5191
	 	 	Email:	David@TopTier.eu
	 	 	 
	If to the Investor:	 	YAII PN, Ltd.
	 	 	c/o Yorkville Advisors Global, LP
	 	 	1012 Springfield Avenue
	 	 	Mountainside, NJ 07092
	 	 	Attention:	Matthew Beckman
	 	 	Telephone:	(732) 213-1864
	 	 	Email:	mbeckman@yorkvilleadvisors.com
	 	 	 
	With a copy to:	 	David Gonzalez, Esq. 
	 	 	1012 Springfield Avenue
	 	 	Mountainside, NJ 07092
	 	 	Telephone:	(201) 536-5109
	 	 	Email:	dgonzalez@yorkvilleadvisors.com

 

    13

     

    

 

(e) Failure of any party
to exercise any right or remedy under this Agreement or otherwise, or delay by a party in exercising such right or remedy, shall
not operate as a waiver thereof.

 

(f) The laws of the State
of New Jersey shall govern all issues concerning the relative rights of the Company and the Investor as its stockholders. All other
questions concerning the construction, validity, enforcement and interpretation of this Agreement shall be governed by the internal
laws of the State of New Jersey, without giving effect to any choice of law or conflict of law provision or rule (whether of the
State of New Jersey or any other jurisdiction) that would cause the application of the laws of any jurisdiction other than the
State of New Jersey. Each party hereby irrevocably submits to the non-exclusive jurisdiction of the Superior Courts of the State
of New Jersey, sitting in Hudson County, New Jersey and federal courts for the District of New Jersey sitting Newark, New Jersey,
for the adjudication of any dispute hereunder or in connection herewith or with any transaction contemplated hereby or discussed
herein, and hereby irrevocably waives, and agrees not to assert in any suit, action or proceeding, any claim that it is not personally
subject to the jurisdiction of any such court, that such suit, action or proceeding is brought in an inconvenient forum or that
the venue of such suit, action or proceeding is improper. Each party hereby irrevocably waives personal service of process and
consents to process being served in any such suit, action or proceeding by mailing a copy thereof to such party at the address
for such notices to it under this Agreement and agrees that such service shall constitute good and sufficient service of process
and notice thereof. Nothing contained herein shall be deemed to limit in any way any right to serve process in any manner permitted
by law. If any provision of this Agreement shall be invalid or unenforceable in any jurisdiction, such invalidity or unenforceability
shall not affect the validity or enforceability of the remainder of this Agreement in that jurisdiction or the validity or enforceability
of any provision of this Agreement in any other jurisdiction. EACH PARTY HEREBY IRREVOCABLY WAIVES ANY RIGHT IT MAY HAVE, AND AGREES
NOT TO REQUEST, A JURY TRIAL FOR THE ADJUDICATION OF ANY DISPUTE HEREUNDER OR IN CONNECTION HEREWITH OR ARISING OUT OF THIS AGREEMENT
OR ANY TRANSACTION CONTEMPLATED HEREBY.

 

(g) This Agreement shall
inure to the benefit of and be binding upon the permitted successors and assigns of each of the parties hereto.

 

(h) The headings in this
Agreement are for convenience of reference only and shall not limit or otherwise affect the meaning hereof.

 

(i) This Agreement may
be executed in identical counterparts, each of which shall be deemed an original but all of which shall constitute one and the
same agreement. This Agreement, once executed by a party, may be delivered to the other party hereto by facsimile transmission
of a copy of this Agreement bearing the signature of the party so delivering this Agreement.

 

(j) Each party shall
do and perform, or cause to be done and performed, all such further acts and things, and shall execute and deliver all such other
agreements, certificates, instruments and documents, as the other party may reasonably request in order to carry out the intent
and accomplish the purposes of this Agreement and the consummation of the transactions contemplated hereby.

 

    14

     

    

 

(k) The language used
in this Agreement will be deemed to be the language chosen by the parties to express their mutual intent and no rules of strict
construction will be applied against any party.

 

(l) This Agreement is
intended for the benefit of the parties hereto and their respective permitted successors and assigns, and is not for the benefit
of, nor may any provision hereof be enforced by, any other Person.

 

[REMAINDER OF PAGE INTENTIONALLY LEFT
BLANK]

 

    15

     

    

 

IN WITNESS WHEREOF,
the Investor and the Company have caused their signature page to this Registration Rights Agreement to be duly executed as of the
date first above written.

 

	 	
        COMPANY:
        
	 	 
	 	SEEDO CORP.
	 	 
	 	By:	 
	 	Name:	Zohar Levy
	 	Title:	Chief Executive Officer

 

    16

     

    

 

IN WITNESS WHEREOF,
the Investor and the Company have caused their signature page to this Registration Rights Agreement to be duly executed as of the
date first above written.

 

	 	INVESTOR:
	 	 
	 	YAII PN, LTD.
	 	By: Yorkville Advisors Global, LP 
	 	Its: Investment Manager
	 	 
	 	By: Yorkville Advisors Global II, LLC
	 	Its: General Partner
	 	 
	 	By:	/s/ David Gonzalez
	 	Name:	David Gonzalez
	 	Title:	Member & General Council

 

 

    17

     

    

 

EXHIBIT A

 

SELLING STOCKHOLDERS

 

AND PLAN OF DISTRIBUTION

 

Selling Stockholders

 

The shares of Common
Stock being offered by the selling stockholders are issuable upon conversion of the convertible debenture. For additional information
regarding the issuance of the convertible debenture, see “Private Placement of Convertible Debentures above. We are registering
the shares of Common Stock in order to permit the selling stockholders to offer the shares for resale from time to time. Except
as otherwise noted and except for the ownership of the convertible debenture issued pursuant to the Securities Purchase Agreement,
the selling stockholders have not had any material relationship with us within the past three years.

 

The table below lists
the selling stockholders and other information regarding the beneficial ownership of the shares of Common Stock by each of the
selling stockholders. The second column lists the number of shares of Common Stock beneficially owned by each selling stockholder,
based on its ownership of the convertible debentures, as of ________, 200_, assuming conversion of all the convertible debenture
held by the selling stockholders on that date, without regard to any limitations on conversions or exercise.

 

The third column lists
the shares of Common Stock being offered by this prospectus by the selling stockholders.

 

In accordance with
the terms of a registration rights agreement with the selling stockholders, this prospectus generally covers the resale of at least
___________ shares of common stock issued or issuable to the selling stockholders pursuant to the Securities Purchase Agreement.
Because the conversion price of the convertible debenture may be adjusted, the number of shares that will actually be issued
may be more or less than the number of shares being offered by this prospectus. The fourth column assumes the sale of all of the
shares offered by the selling stockholders pursuant to this prospectus.

 

Under the terms of
the convertible debenture, a selling stockholder may not convert the convertible debenture to the extent such conversion or exercise
would cause such selling stockholder, together with its affiliates, to beneficially own a number of shares of Common Stock which
would exceed 4.99% of our then outstanding shares of Common Stock following such conversion or exercise, excluding for purposes
of such determination shares of Common Stock issuable upon conversion of the convertible debentures which have not been converted.
The number of shares in the second column does not reflect this limitation. The selling stockholders may sell all, some or none
of their shares in this offering. See “Plan of Distribution.”

 

	

Name of Selling Stockholder	 	Number of Shares Owned Prior to Offering	 	Maximum Number of Shares to be Sold Pursuant to this Prospectus	 	Number of Shares Owned After Offering
	 	 	 	 	 	 	 
	YAII PN, Ltd. (1)	 	 	 	 	 	 

 

(1)
YAII PN, Ltd. is a Cayman Island exempt company. YAII PN, Ltd. is managed by Yorkville Advisors Global, LP. Investment decisions
for Yorkville Advisors Global, LP are made by Matthew Beckman, its portfolio manager.

 

    18

     

    

 

Plan of Distribution

 

Each Selling Stockholder
(the “Selling Stockholders”) of the common stock and any of their pledgees, assignees and successors-in-interest
may, from time to time, sell any or all of their shares of common stock on the __________ or any other stock exchange, market or
trading facility on which the shares are traded or in private transactions. These sales may be at fixed or negotiated prices. A
Selling Stockholder may use any one or more of the following methods when selling shares:

 

		●	ordinary brokerage transactions and transactions in which the broker-dealer solicits purchasers;

 

		●	block trades in which the broker-dealer will attempt to sell the shares as agent but may position and resell a portion of the
block as principal to facilitate the transaction;

 

		●	purchases by a broker-dealer as principal and resale by the broker-dealer for its account;

 

		●	an exchange distribution in accordance with the rules of the applicable exchange;

 

		●	privately negotiated transactions;

 

		●	broker-dealers may agree with the Selling Stockholders to sell a specified number of such shares at a stipulated price per
share;

 

		●	through the writing or settlement of options or other hedging transactions, whether through an options exchange or otherwise;

 

		●	a combination of any such methods of sale; or

 

		●	any other method permitted pursuant to applicable law.

 

The Selling Stockholders
may also sell shares under Rule 144 under the Securities Act of 1933, as amended (the “Securities Act”), if
available, rather than under this prospectus.

 

Broker-dealers engaged
by the Selling Stockholders may arrange for other brokers-dealers to participate in sales. Broker-dealers may receive commissions
or discounts from the Selling Stockholders (or, if any broker-dealer acts as agent for the purchaser of shares, from the purchaser)
in amounts to be negotiated, but, except as set forth in a supplement to this Prospectus, in the case of an agency transaction
not in excess of a customary brokerage commission in compliance with NASDR Rule 2440; and in the case of a principal transaction
a markup or markdown in compliance with NASDR IM-2440.

 

In connection with
the sale of the common stock or interests therein, the Selling Stockholders may enter into hedging transactions with broker-dealers
or other financial institutions, which may in turn engage in short sales of the Common Stock in the course of hedging the positions
they assume. The Selling Stockholders may also enter into option or other transactions with broker-dealers or other financial institutions
or the creation of one or more derivative securities which require the delivery to such broker-dealer or other financial institution
of shares offered by this prospectus, which shares such broker-dealer or other financial institution may resell pursuant to this
prospectus (as supplemented or amended to reflect such transaction).

 

    19

     

    

 

The Selling Stockholders
and any broker-dealers or agents that are involved in selling the shares may be deemed to be “underwriters” within
the meaning of the Securities Act in connection with such sales. In such event, any commissions received by such broker-dealers
or agents and any profit on the resale of the shares purchased by them may be deemed to be underwriting commissions or discounts
under the Securities Act. Each Selling Stockholder has informed the Company that it does not have any written or oral agreement
or understanding, directly or indirectly, with any person to distribute the Common Stock. In no event shall any broker-dealer receive
fees, commissions and markups which, in the aggregate, would exceed eight percent (8%).

 

The Company is required
to pay certain fees and expenses incurred by the Company incident to the registration of the shares. The Company has agreed to
indemnify the Selling Stockholders against certain losses, claims, damages and liabilities, including liabilities under the Securities
Act.

 

Because Selling Stockholders
may be deemed to be “underwriters” within the meaning of the Securities Act, they will be subject to the prospectus
delivery requirements of the Securities Act including Rule 172 thereunder. In addition, any securities covered by this prospectus
which qualify for sale pursuant to Rule 144 under the Securities Act may be sold under Rule 144 rather than under this prospectus.
There is no underwriter or coordinating broker acting in connection with the proposed sale of the resale shares by the Selling
Stockholders.

 

We agreed to keep this
prospectus effective until the earlier of (i) the date on which the shares may be resold by the Selling Stockholders without registration
and without regard to any volume limitations by reason of Rule 144(k) under the Securities Act or any other rule of similar effect
or (ii) all of the shares have been sold pursuant to this prospectus or Rule 144 under the Securities Act or any other rule of
similar effect. The resale shares will be sold only through registered or licensed brokers or dealers if required under applicable
state securities laws. In addition, in certain states, the resale shares may not be sold unless they have been registered or qualified
for sale in the applicable state or an exemption from the registration or qualification requirement is available and is complied
with.

 

Under applicable rules
and regulations under the Exchange Act, any person engaged in the distribution of the resale shares may not simultaneously engage
in market making activities with respect to the common stock for the applicable restricted period, as defined in Regulation M,
prior to the commencement of the distribution. In addition, the Selling Stockholders will be subject to applicable provisions of
the Exchange Act and the rules and regulations thereunder, including Regulation M, which may limit the timing of purchases and
sales of shares of the common stock by the Selling Stockholders or any other person. We will make copies of this prospectus available
to the Selling Stockholders and have informed them of the need to deliver a copy of this prospectus to each purchaser at or prior
to the time of the sale (including by compliance with Rule 172 under the Securities Act).

 

    20

     

    

 

EXHIBIT B

 

OTHER DISCLOSURES 

 

See attachment provided separately.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

21Exhibit
10.4

 

IRREVOCABLE
TRANSFER AGENT INSTRUCTIONS

 

THIS
IRREVOCABLE TRANSFER AGENT INSTRUCTIONS (this “Agreement”), dated as of October 15, 2019, by and among
SEEDO CORP., a Delaware corporation (the “Company”), WORLDWIDE STOCK TRANSFER, LLC (the “Transfer
Agent”) and YAII PN, LTD., a Cayman Island exempted Company (“Investor”).

 

WITNESSETH

 

WHEREAS,
contemporaneously with the execution and delivery of this Agreement, the Company and the Investor are executing and delivering
a Securities Purchase Agreement dated the date hereof (the “Securities Purchase Agreement”) pursuant to which
the Company has agreed to sell and the Investor has agreed to purchase a convertible debenture (the “Debenture”)
in the aggregate principal amount of$1,100,000, plus accrued interest, which are convertible into shares of the Company’s common
stock, par value $0.0001 per share (the “Conversion Shares”), at the Investors’ discretion;

 

WHEREAS,
pursuant to the Convertible Debenture the Company shall be entitled to make payment of interest outstanding there under in
shares of the Company’s common stock (the “Interest Shares”).

 

WHEREAS,
pursuant to the Securities Purchase Agreement the Company may issue to the Investor a warrant to purchase 440,000 shares of
the Company’s common stock, par value

$0.0001
per share (the “Warrant” and the “Warrant Shares”), at the Investors’ discretion;

 

NOW,
THEREFORE, in consideration of the mutual covenants and other agreements contained in this Agreement the Company, the Investor
and the Transfer Agent hereby agree as follows:

 

1.
CONVERSION SHARES, INTEREST SHARES AND WARRANT SHARES.

 

(a)
Instructions Applicable to Transfer Agent. The parties here to acknowledge that the Investor, shall irrevocably be entitled
to deliver to the Transfer Agent on behalf of the Company (i) a Conversion Notice (the “Conversion Notice”) in
the form attached as Exhibit A to the Debenture, or in the event that the Warrant is issued (ii) an Exercise Notice (the “Exercise
Notice”) in the form attached as Exhibit A to the Warrant. Upon the Transfer Agent’s receipt of a properly completed
and duly executed Conversion Notice and/or Exercise Notice the Transfer Agent shall without the confirmation or instructions from
the Company and within 3 Trading Days thereafter (i) issue and surrender to a common carrier for overnight delivery to the address
as specified in the Conversion Notice and/or Exercise Notice, a certificate, registered in the name of the Investor or its designees,
for the number of shares of Common Stock to which the Investor shall be entitled as set forth in the Conversion Notice and/or
Exercise Notice or (ii) provided the Transfer Agent is participating in The Depository Trust Company (“DTC”)
Fast Automated Securities Transfer Program, upon the request of the Investor, credit such aggregate number of shares of Common
Stock to which the Investor shall be entitled to the Investor’s or its designees’ balance account with DTC through its Deposit
Withdrawal At Custodian (“DWAC”) system provided the Investor causes its bank or broker to initiate the DWAC
transaction. For purposes hereof “Trading Day” shall mean any day on which the Nasdaq Market is open for customary
trading.

 

     

     

    

 

(b)
No Restrictive Legends. The certificates representing the Conversion Shares, the Interest Shares and/or the Warrant Shares
shall not bear any legend restricting transfer and should not be subject to any stop-transfer restrictions and shall otherwise
be freely transferable on the books and records of the Company; provided that counsel to the Company delivers (i) a notice
of effectiveness provided that the Conversion Shares, the Interest Shares and/or the Warrant Shares are registered pursuant to
an effective registration statement and (ii) an opinion of counsel in the form customary to such opinions of counsel acceptable
to the Transfer Agent.

 

(c) Restrictive
Legends. In the event that the Conversion Shares, the Interest Shares and/or the Warrant Shares are not registered for
sale under the Securities Act of 1933, as amended, and the certificates for the Conversion Shares, the Interest Shares and/or
the Warrant Shares shall bear the following legend, or its equivalent:

 

“THE
SECURITIES REPRESENTED BY THIS CERTIFICATE HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED, OR APPLICABLE
STATE SECURITIES LAWS. THE SECURITIES HAVE BEEN ACQUIRED FOR INVESTMENT AND MAY NOT BE OFFERED FOR SALE, SOLD, TRANSFERRED OR
ASSIGNED IN THE ABSENCE OF AN EFFECTIVE REGISTRATION STATEMENT FOR THE SECURITIES UNDER THE SECURITIES ACT OF 1933, AS AMENDED,
OR APPLICABLE STATE SECURITIES LAWS, OR AN OPINION OF COUNSEL, IN A FORM REASONABLY ACCEPTABLE TO THE COMPANY, THAT REGISTRATION
IS NOT REQUIRED UNDER SAID ACT OR APPLICABLE STATE SECURITIES LAWS OR UNLESS SOLD PURSUANT TO RULE 144 UNDER SAID ACT.”

 

(d) Removal
of Restrictive Legends. In the event that the Investor, submits to the Transfer Agent the Conversion Shares, the Interest
Shares and/or the Warrant Shares for the removal of the restrictive legends whether in connection with a sale of such shares pursuant
to any exemption to the registration requirements the Securities Act of 1933, as amended, or otherwise the Transfer
Agents shall without the confirmation or instructions from the Company and within three 3 Trading Days of receipt of all required
documentation from the Investor, its agent or counsel, (i) issue and surrender to a common carrier for overnight delivery to the
address as specified by the Investor, a certificate, registered in the name of the Investor for the number of shares of Common
Stock to which the Investor shall be entitled as set forth pursuant to their submission or (ii) provided the Transfer Agent is
participating in The Depository Trust Company (“DTC”) Fast Automated Securities Transfer Program, upon the request
of the Investor, credit such aggregate number of shares of Common Stock to which the Investor shall be entitled to the Investor’s
or their designees’ balance account with DTC through its Deposit Withdrawal At Custodian (“DWAC”) system provided
the Investor causes its bank or broker to initiate the DWAC transaction. For purposes hereof “Trading Day” shall
mean any day on which the Nasdaq Market is open for customary trading.

 

    2

     

    

 

(e) Opinions
of Counsel. In the event that the Investor submits to the Transfer Agent the Conversion Shares, the Interest Shares and/or
the Warrant Shares for the removal of the restrictive legends whether in connection with a sale of such shares pursuant to any exemption to the registration requirements the Securities Act of 1933, as amended, or otherwise and the Company and or
its counsels refuses or fails for any reason to render an opinion of counsel required for the removal of the restrictive legends
the Company hereby represents and warrants that the Investor is hereby irrevocably and expressly authorized to have counsel to
the Investor to render any and all opinions which may be required and relied upon by the Transfer Agent.

 

In
the event the Investor submits an opinion of counsel as contemplated in the preceding paragraph the Transfer Agent hereby acknowledges
it will rely on and accept such opinion of counsel and all documentation submitted in connection therewith, without the confirmation
or instructions from the Company, and issue such Conversion Shares and/or Interest Shares without restrictive legends as instructed
by the Investor as per Section 1(d) herein.

 

 2. RESERVATION OF SHARES OF THE COMPANY.

 

(a) The
Transfer Agent shall initially reserve for issuance to the Investor a minimum of 4,209,183 Conversion Shares and Interest Shares
for the Issuance to the Investor and 440,000 Warrant Shares for issuance to the Investor (the “Initial Share Reserve”).
Under no circumstances shall such number of shares reserved herein be deemed to be a cap on the number of Conversion Shares and
Interest Shares to be issued to the Investor under the Convertible Debentures and the Warrant Shares to be issued under the Warrant.

 

(b) During
the time period the Convertible Debenture is outstanding if the Initial Share Reserve or any subsequent share reserve thereafter
is less than 3 times the amount outstanding under the Convertible Debenture based on the volume weighted average price of the
Company’s Common Stock as quoted by Bloomberg, LP, the Investor shall be entitled to request the Transfer Agent increase the Initial
Share Reserve or any subsequent share reserve (the “Subsequent Share Reserve”).

 

All
such shares shall remain in reserve with the Transfer Agent until the Investor provides the Transfer Agent instructions that the
shares or any part of them shall be taken out of reserve and shall no longer be subject to the terms of these instructions.

 

(c) The
Company and the Transfer Agent acknowledge that as of the date hereof no share reserve exists or will exist so long as the Convertible
Debentures are outstanding

 

 3. AUTHORIZED AGENT OF THE COMPANY.

 

(a) The
Company hereby irrevocably appoints the Investor as a duly authorized agent of the Company for the purposes of authorizing the
Transfer Agent to process issuances and transfers specifically contemplated herein.

 

    3

     

    

 

(b) The
Transfer Agent shall accept and rely exclusively on the Conversion Notice or Exercise Notice submitted by the Investor and shall
not seek confirmation and/or instructions from the Company to process the Conversion Notice, the Exercise Notice or the issuance
thereto without restrictive legends.

 

(c) The
Transfer Agent shall accept and rely exclusively on the opinions of counsel and other documentation submitted by the Investor
for the removal of the restrictive legends as contemplated hereunder and shall not seek confirmation and/or instructions from
the Company to process such submission by the Investor.

 

(d) The
Transfer Agent shall have no liability for relying on such instructions. Any Conversion Notice, Exercise Notice or request for
removal of restrictive legends and such supporting documentation delivered hereunder shall constitute an irrevocable instruction
to the Transfer Agent to process such notice or notices in accordance with the terms thereof. Such notice or notices may be transmitted
to the Transfer Agent by facsimile or any commercially reasonable method.

 

(e) The
Company hereby confirms to the Transfer Agent and the Investor that it can NOT and will NOT give instructions, other than
as contemplated herein to Transfer Agent with regard to the issuances contemplated herein.

 

(f) In
the event that the Company provides instructions contrary to this Agreement to the Transfer Agent, including but not limited to
stop orders, the Transfer Agent will disregard any contrary instructions, including but not limited to stop orders, submitted
by or on behalf of the Company and act according to such instructions provided by the Investor and according the time requirements
set forth herein.

 

(g) The
Company and the Transfer Agent hereby acknowledge and confirm that complying with the terms of this Agreement does not and shall
not prohibit the Transfer Agent from satisfying any and all fiduciary responsibilities and duties it may owe to the Company.

 

(h) The
Transfer Agent, upon request of the Investor and without instruction or confirmation by the Company, will provide to the Investor
the total number of authorized shares of the Company’s Common Stock as well as the current outstanding shares of the Company’s
Common Stock as of the date of the request.

 

4. REPLACEMENT
OF TRANSFER AGENT. The Company hereby agrees that it shall not replace the Transfer Agent as the Company’s transfer agent
without prior written notice to the Investor.

 

5.
CONTINUATION OF SERVICES. Notwithstanding the fee’s incurred by the Investor for issuances hereunder, in the event
that the Transfer Agent is unable to provide services hereunder due to either outstanding balances owed by the Company and/or
the Transfer Agent is unable to locate the Company or Company Counsel the Transfer Agent shall be authorized to continue its duties
under this Irrevocable Transfer Agent Instructions provided that it is given (i) payment by the Investor for each conversion or
issuance effectuated hereunder, and (ii) a new opinion from Investor’ counsel as to the issuance of shares as contemplated
hereunder.

 

    4

     

    

 

6. MISCELEANEOUS.

 

(a) The
Company and the Transfer Agent acknowledge that the Investor is relying on the representations and covenants made by the Company
and the Transfer Agent hereunder and are a material inducement to the Investor purchasing convertible debentures under the Securities
Purchase Agreement. The Company and the Transfer Agent further acknowledge that without such representations and covenants of
the Company and the Transfer Agent made hereunder, the Investor would not purchase the Convertible Debenture.

 

(b) Each
party hereto specifically acknowledges and agrees that in the event of a breach or threatened breach by a party hereto of any
provision hereof, the Investor will be irreparably damaged and that damages at law would be an inadequate remedy if these Irrevocable
Transfer Agent Instructions were not specifically enforced. Therefore, in the event of a breach or threatened breach by a party
hereto, including, without limitation, the attempted termination of the agency relationship created by this instrument, the Investor
shall be entitled, in addition to all other rights or remedies, to an injunction restraining such breach, without being required
to show any actual damage or to post any bond or other security, and/or to a decree for specific performance of the provisions
of these Irrevocable Transfer Agent Instructions.

 

(c)
Each party hereto specifically acknowledges and agrees that in any action to enforce this Agreement or any right hereunder the
prevailing party will be entitled to recover its reasonable attorney’s fees and expenses from the other party or parties.

 

[REMAINDER
OF PAGE INTENTIONALLY LEFT BLANK]

 

    5

     

    

 

IN
WITNESS WHEREOF, the parties have caused this letter agreement regarding Irrevocable Transfer Agent Instructions to be duly
executed and delivered as of the date first written above.

 

	 	COMPANY:
	 	 
	 	SEEDO
    CORP.
	 	 
	 	By:	 
	 	Name:	Zohar
    Levy
	 	Title:	Chief
    Executive Officer

 

	 	INVESTOR:
	 	 
	 	YAII
    PN, LTD.
	 	 	 
	 	By:	Yorkville
    Advisors Global, LP
	 	Its:	Investment
    Manager
	 	 	 
	 	By:	Yorkville
    Advisors Global II, LLC
	 	Its:	General
    Partner

 

	 	By:	/s/
    David Gonzalez
	 	Name:	David
    Gonzalez
	 	Title:	Member & General Council

 

	 	TRANSFER
    AGENT:
	 	 
	 	WORLDWIDE
    STOCK TRANSFER, LLC
	 	 	 
	 	By:	                               
	 	Name:	 
	 	Title:	 

 

 

 

6

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