Document:

Exhibit 10.10.3

 

Lock-Up Agreement

 

 

[_], 2018

 

ViewTrade Securities, Inc.

7280 W. Palmetto Park Rd., Suite 310

Boca Raton, FL 33433

 

Ladies and Gentlemen:

 

The undersigned understands
that ViewTrade Securities, Inc. (the “Representative”) proposes to enter into an Underwriting Agreement (the
“Agreement”) with MaxQ AI Ltd., a company organized under the laws of the State of Israel (the “Company”),
providing for the public offering (the “Public Offering”) of securities of the Company, including ordinary shares,
par value New Israeli Shekel (NIS) 0.01 per share (the “Shares”).

 

To induce the Representative
to continue its efforts in connection with the Public Offering, the undersigned hereby agrees that, without the prior written consent
of the Representative, the undersigned will not, during the period commencing on the date hereof and ending six (6) months after
the date of the final prospectus (the “Prospectus”) relating to the Public Offering (the “Lock-Up Period”),
(1) offer, pledge, sell, contract to sell, grant, lend, or otherwise transfer or dispose of, directly or indirectly, any Shares,
any securities convertible into or exercisable or exchangeable for Shares, whether now owned or hereafter acquired by the undersigned
or with respect to which the undersigned has or hereafter acquires the power of disposition (collectively, the “Lock-Up
Securities”); (2) enter into any swap or other arrangement that transfers to another, in whole or in part, any of the
economic consequences of ownership of the Lock-Up Securities, whether any such transaction described in clause (1) or (2) above
is to be settled by delivery of Lock-Up Securities, in cash or otherwise; (3) make any demand for or exercise any right with respect
to the registration of any Lock-Up Securities; or (4) publicly disclose the intention to make any offer, sale, pledge or disposition,
or to enter into any transaction, swap, hedge or other arrangement relating to any Lock-Up Securities.

 

Notwithstanding anything
to the contrary contained herein, on the first Trading Day (as defined below) that occurs on or after the 1st day following the
Lock-Up Period and continuing for next one hundred twenty (120) consecutive days (the “Leak-out Period”), the
undersigned may sell the Lock-up Securities, in the amount not to exceed five (5%) of the undersigned’s aggregate beneficial
holdings of the Lock-Up Securities per each calendar month of the Lock-Up Period. The undersigned further understands and agrees
that if and to the extent the closing price per share for the Lock-up Securities, as reported by Bloomberg, is at least $100% premium
to the Public Offering price per share for at least any thirty (30) consecutive Trading Days, then the Leak-out restrictions set
forth herein shall terminate and shall be of no force and effect. A “Trading Day” means any day on which the NASDAQ
Stock Market is open for trading equity securities.

 

    	 	1	 

     

    

 

Notwithstanding
the foregoing, and subject to the conditions below, the undersigned may transfer Lock-Up Securities without the prior written consent
of the Representative in connection with (a) transactions relating to Lock-Up Securities acquired in open market transactions after
the completion of the Public Offering; provided that no filing under Section 16(a) of the Securities Exchange Act of 1934,
as amended (the “Exchange Act”), shall be required or shall be voluntarily made in connection with subsequent
sales of Lock-Up Securities acquired in such open market transactions; (b) transfers of Lock-Up Securities as a bona fide
gift, by will or intestacy, (c) transfers of Lock-Up Securities to any family member or to a trust formed for the benefit of the
undersigned or any of the undersigned’s family members (for purposes of this lock-up agreement, “family member”
means any relationship by blood, marriage or adoption, not more remote than first cousin); (d) transfers of Lock-Up Securities
to a charity or educational institution or other not-for-profit organization; (e) transfers
to any partnership, corporation, limited liability company or other business entity which is controlled by the undersigned and/or
by any family member(s); (f) transfers to any partnership, corporation, limited liability company or other business entity that
is a direct or indirect affiliate (as defined under Rule 12b-2 of the Exchange Act) of the undersigned, including investment funds
or other entities under common control or management with the undersigned and any such entity's shareholders (if a corporation),
partners (if a partnership) or members (if a limited liability company), (g) a distribution or dividend to equity holders (including,
without limitation, shareholders, general or limited partners and members) of the undersigned (including upon the liquidation and
dissolution of the undersigned pursuant to a plan of liquidation approved by the undersigned’s equity holders); provided
that in the case of any transfer pursuant to the foregoing clauses (b), (c), (d) (e) or (f), (i) any such transfer shall not
involve a disposition for value, (ii) each transferee shall sign and deliver to the Representative a lock-up agreement substantially
in the form of this lock-up agreement and (iii) if the undersigned is required to file a report under the Exchange Act, the undersigned
shall include a statement in such report to the effect that the filing relates to the sale, transfer, distribution, bona fide gift
or other disposition of Shares, as applicable, or any security convertible into Shares to one or more affiliates, subsidiaries,
trusts, partners (if a partnership), beneficiaries, members (if a limited liability company) or stockholders of the undersigned
or to any investment fund or other entity controlled by or under common control with the undersigned or to a family member or entity
for the direct or indirect benefit of the undersigned or any family member, as applicable, or by will or testacy, or to a nominee
or custodian; (h) transfers to the Company of Lock-Up Securities in connection with, and to the extent necessary to fund, the payment
of taxes due with respect to the vesting of restricted stock, restricted stock units, performance stock units, equity appreciation
rights or similar rights to purchase Shares or any securities convertible into or exercisable or exchangeable for Shares pursuant
to the Company’s equity incentive plans provided that if the undersigned is required to make a filing under Section 16(a)
of the Exchange Act, related thereto during the Lock-Up Period, such filing shall include a statement to the effect that the filing
relates to the satisfaction of tax withholding obligations in connection with the vesting of such equity awards, (i) transfers
of the Lock-Up Securities by operation of law or pursuant to an order of a court or regulatory agency, and (j) transfers of the
Lock-Up Securities pursuant to a domestic order, divorce settlement, divorce decree, or separation agreement; provided that in
the case of a transfer to (g) and (h) if the undersigned is required to file a report under the Exchange Act related thereto during
the Lock-Up Period, such report shall disclose that such transfer was pursuant to operation of law, an order of a court or regulatory
agency or domestic order. The undersigned also agrees and consents to the entry of stop transfer instructions with the Company’s
transfer agent and registrar against the transfer of the undersigned’s Lock-Up Securities except in compliance with this
lock-up agreement.

 

Any release or waiver
granted by the Representative hereunder to any officer or director shall only be effective two (2) business days after the publication
date of a press release announcing such release or waiver. The provisions of this paragraph will not apply if (a) the release or
waiver is effected solely to permit a transfer of Lock-Up Securities not for consideration and (b) the transferee has agreed in
writing to be bound by the same terms described in this lock-up agreement to the extent and for the duration that such terms remain
in effect at the time of such transfer.

 

    	 	2	 

     

    

 

No provision in this
agreement shall be deemed to restrict or prohibit (1) the transfer of the undersigned’s Lock-Up Securities to the Company
in connection with the termination of the undersigned’s services to the Company, provided that any filing under Section 16
of the Exchange Act made in connection with such transfer shall clearly indicate in the footnotes thereto that the filing relates
to the circumstances described in this clause (1); (2) the transfer of Lock-Up Securities upon the completion of a bona fide third-party
tender offer, merger, consolidation or other similar transaction made to all holders of the Company’s securities involving
a change of control of the Company (including entering into any lock-up, voting or similar agreement pursuant to which the undersigned
may agree to transfer, sell, tender or otherwise dispose of Shares (or any security convertible into, or exercisable or exchangeable
for, Shares), or voting any Shares in favor of any such transaction or taking any other action in connection with any such transaction);
provided, however, that in the event that such tender offer, merger, consolidation or other such transaction is not completed,
such securities held by the undersigned shall remain subject to the restrictions on transfer set forth in this lock-up agreement;
(3) the exercise, exchange or conversion by the undersigned of any securities exercisable, exchangeable or convertible into Shares
(including a net or cashless exercise of an option or warrant), and any related sale, transfer or other disposition of Shares to
the Company for the purpose of paying the exercise price of such options or warrants, or any related sale, transfer or other disposition
of Shares for paying taxes (including estimated taxes) due as a result of the exercise of such options (or the disposition to the
Company of any restricted shares granted pursuant to the terms of any employee benefit plan or restricted share purchase agreement);
provided that, for the avoidance of doubt, the underlying Shares shall continue to be subject to the restrictions on transfer set
forth in this lock-up agreement; (4) the pledge of Shares entered by the undersigned for the purpose of financing the payment of
the exercise price and taxes (including estimated taxes) in connection with the exercise, exchange or conversion by the undersigned
of any securities exercisable, exchangeable or convertible into Shares; provided that the realization of such pledge shall
be restricted during the Lock-Up Period. In addition, no provision herein shall be deemed to restrict or prohibit the entry into
or modification of a so-called “10b5-1” plan at any time (other than the entry into or modification of such a plan
in such a manner as to cause the sale of any Lock-Up Securities within the Lock-Up Period).

 

The undersigned understands
that the Company and the Representative are relying upon this lock-up agreement in proceeding toward consummation of the Public
Offering. The undersigned further understands that this lock-up agreement is irrevocable and shall be binding upon the undersigned’s
heirs, legal representatives, successors and assigns.

 

This lock-up agreement
shall automatically terminate, and the undersigned shall be released from the undersigned’s obligations hereunder, upon the
earliest to occur, if any, of (i) if the Agreement is not executed by [_], 2018, (ii) if the Agreement (other than the provisions
thereof which survive termination) shall terminate or be terminated prior to payment for and delivery of the Shares to be sold
thereunder, (iii) prior to the execution of the Agreement, the Company advises the Representative in writing that it has determined
not to proceed with the Public Offering or the Representative advises the Company in writing that it has determined not
to proceed with the Public Offering, Whether or not the Public Offering actually occurs depends on a number of factors, including
market conditions. Any Public Offering will only be made pursuant to an Agreement, the terms of which are subject to negotiation
between the Company and the Representative.

 

[SIGNATURE PAGE TO FOLLOW]

 

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	 	Very truly yours,
	 	 
	 	 
	 	(Name - Please Print)
	 	 
	 	 
	 	(Signature)
	 	 
	 	 
	 	(Name of Signatory, in the case of entities - Please Print)
	 	 
	 	 
	 	(Title of Signatory, in the case of entities - Please Print)
	 	 
	 	Address:	 
	 	 	 
	 	 	 
	 	 	 
	 	 	 

 

    	 	4Exhibit 10.11

 

 

 

Palladium
Capital Advisors, LLC

10
Rockefeller Plaza, Suite 909

New
York, New York 10020

 

Tel
(646) 485-7297 Fax (646) 390-6328

 

 

November 29, 2017

Michael Rosenberg, Co-Founder and CFO

MedyMatch Technology Ltd.

76 Yigal Alon Street, 5th Floor

Tel Aviv, Israel

		Re:	Placement Agent & Advisory Agreement

 

Dear Mr. Rosenberg:

 

This will confirm the understanding and
agreement (this “Agreement”) between palladium capital advisors, llc,
a Delaware limited liability company (“Palladium”), and MedyMatch
Technology Ltd., an Israeli company (the “Company”), as follows:

 

1. The Company hereby engages Palladium
on a best efforts basis as its exclusive agent to arrange bridge financing of $4,000,000 of loans under a Securities Purchase Agreement
(the “Agent Services”), which amount shall be net proceeds to the Company, less up to $40,000 in legal fees
related to closing of such loans, prior to the Qualified Offering (as defined in that certain form of Securities Purchase Agreement,
to be entered into on or around the date hereof between the Company, the financial institutions and individuals listed on Annex
A thereto) in the form of a private placement or similar unregistered transaction of equity-linked securities of the Company (the
“Securities”) to a limited number of institutional, accredited individual, or strategic investors (each an “Investor”)
at a price and upon terms satisfactory to the Company (the “Bridge”). The closing of the Bridge (the “Bridge
Closing”) shall occur no later than 21 days after the date hereof. The identity of each potential Investor, as well as
the beneficial owners of Investors which are entities shall be submitted by Palladium to the Company for approval prior to the
potential Investor funding any portion of the Bridge, with such approval not to be unreasonably withheld by the Company. The Company
shall use its best efforts to approve potential Investors within two business days of submission thereof by Palladium. The Company
shall retain all potential and actual Investor names in confidence. For purposes hereof, the term “Securities” also
includes a convertible loan or other type of investment convertible into or exchangeable for or otherwise linked to the equity
of the Company.

 

The Company also hereby engages Palladium
as its non-exclusive advisor to advise and assist the Company in connection with the Bridge and related transactions, including,
without limitation, assistance with moving papers, side agreements and private sales between existing shareholders of the Company,
as necessary (the “Advisory Services”).

 

    

     

    

 

2. The appointment and authorization of
Palladium under Section 1 of this Agreement shall commence on the date hereof and shall expire upon the earlier of (i) the six
(6) month anniversary of the Bridge Closing (the “End Date”), (ii) the termination or completion of the Bridge
and Qualified Offering or (iii) the abandonment of the Bridge or the Qualified Offering (the “Term”).

 

3. The Company acknowledges and agrees
that Palladium will be using, and relying upon, the Company to furnish Palladium with written materials and information, including
but not limited to financial statements, emails and materials provided electronically, to be provided to potential Investors (the
“Materials”) describing the Company, the Bridge, and the Qualified Offering, and Palladium will be using, and
relying upon, such Materials supplied by the Company and any other publicly available information without any independent investigation
or verification thereof or independent appraisal by Palladium of the Company or its business or assets. Palladium does not assume
responsibility for the accuracy or completeness of the Materials, including but not limited to any disclosure materials related
to the Bridge and or the Qualified Offering, except for such information that is provided in writing by Palladium to the Company
that is independently produced by Palladium and not based on Materials provided by the Company or information available from generally
recognized public sources. The Company shall provide Palladium with reasonable access to the Company’s officers, and shall
notify Palladium of the occurrence of any events that might have a material effect on the financial condition of the Company. The
Company represents and warrants to Palladium that, to the best of the Company’s knowledge, all information contained in the
Materials (as all such information may be supplemented or amended from time to time), will not contain any untrue statement of
a material fact or omit to state a material fact necessary in order to make the statements therein not misleading in light of the
circumstances under which such statements are made. If at any time during the Term an event occurs which would cause the Materials
(as supplemented or amended) to contain an untrue statement of a material fact or to omit to state a material fact necessary in
order to make the statements therein, in light of the circumstances under which they were made, not misleading, the Company will
promptly notify Palladium of such event.

 

4. Palladium represents, warrants and agrees
that neither it, nor any of its directors, executive officers, other officers participating in the offering of Securities, general
partners or managing members, or any of the directors, executive officers or other officers participating in the offering of Securities
of any such general partner or managing member (each, a “Palladium Covered Person” and, together, “Palladium
Covered Persons”), is subject to any of the “Bad Actor” disqualifications described in Rule 506(d)(1)(i)
to (viii) under the Securities Act (a “Disqualification Event”). Palladium shall provide prompt written notice
to the Company of any Disqualification Event relating to any Palladium Covered Person, or any event that would, with the passage
of time, become such a Disqualification Event, prior to the Bridge Closing. Palladium represents and warrants that it is not aware
of any person other than any Palladium Covered Person that has been or will be paid (directly or indirectly) remuneration for solicitation
of purchasers in connection with the sale of Securities as part of the Bridge, and Palladium will notify the Company of such prior
to the Bridge Closing.

 

5. For the Agent Services, the Company
shall pay Palladium upon the Bridge Closing eight percent (8%) of the gross proceeds of the Bridge from such Investors introduced
by Palladium, payable in Securities which shall carry identical terms and rights to the Securities issued to the Investors under
the Bridge (the “Palladium Bridge Securities”). Palladium, in connection with the issuance of the Palladium
Bridge Securities, shall execute and deliver the same transaction documents as the Investors in connection with the Bridge.

 

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For the Advisory Services,
the Company shall issue to Palladium, upon the closing of the Qualified Offering (the “Issuance Event”), the
number of ordinary shares of the Company (“Ordinary Shares”) equal to two percent (2%) of the then issued and
outstanding Ordinary Shares on a fully diluted basis1 upon the Company’s becoming a mandatory full reporting
company under the Securities Exchange Act of 1934 (the “Palladium Ordinary Shares”). The Palladium Bridge Shares
and the Palladium Ordinary Shares being referred to as the “Palladium Securities”.

 

The Palladium Securities
shall carry an original issue date of the date of the Bridge Closing and shall be delivered to Palladium upon the Issuance Event;
provided that the Palladium Securities shall be issued in book-entry form only and be subject to Palladium’s execution of
(A) a stock agreement providing for the forfeiture and cancellation of such Palladium Securities if the Issuance Event does not
occur on or before the End Date, and (B) a 90-day lock-up agreement, the terms of which shall be identical to the lock-up agreements
executed by the directors and officers of the Company pursuant to the Qualified Offering.

 

The foregoing fees
are payable for any sale of Securities that occurs during the Term or within 12 months thereafter with respect to Investors introduced
by Palladium, such that in the event that any such Securities are sold by the Company to current investors in the Company or to
Investors introduced by the Company or a current investor therein, Palladium shall not be entitled to fees with respect to such
sales of Securities.

 

In addition, the Company
shall pay Palladium a cash fee equal to four percent (4%) of any non-convertible debt financing actually received by the Company
before, concurrent with or within 12 months after the Bridge Closing or the Issuance Event from any debt provider introduced to
the Company by Palladium, provided that the decision to accept any such debt financing shall be at the sole discretion of the Company
and that nothing in this paragraph shall grant any exclusivity to Palladium with respect to arranging any debt financing for the
Company.

 

6. The Company agrees to provide indemnification
as set forth in Annex B attached hereto and made a part hereof.

 

7. The provisions of Sections 5 and 6 (including,
without limitation, the provisions of indemnification referred to in Section 6) shall survive the expiration or termination of
this Agreement.

 

8. Upon the Bridge Closing and/or the Issuance
Event, the Company agrees that subject to any third party’s consent which may be required, Palladium has the right to place
notices and/or advertisements in financial and other newspapers and journals (whether in print or on the internet), and to publicize
on its own website and/or marketing materials, at its own expense, describing its services to the Company hereunder provided, however,
that Palladium shall not use in any such description any terms of the Bridge Closing and/or the Qualified Offering which have not
been publicly disclosed by or on behalf of the Company or its affiliates, without the Company’s prior approval for the first
such use, which approval shall not be unreasonably withheld or delayed.

 

9. Nothing contained in this Agreement
shall limit or restrict the right of Palladium or of any member, employee, agent or representative of Palladium, to be a shareholder,
member, partner, director, officer, employee, agent or representative of, or to engage in, any other business, whether of a similar
nature or not, nor to limit or restrict the right of Palladium to render services of any kind to any other corporation, company,
firm, individual or association.

 

 

1 Excluding from such calculation
shares underlying restricted share units to be granted to members of senior management of the Company in amounts no greater than
those shown on the capitalization table of the Company to be attached to the Securities Purchase Agreement.

 

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10. The failure or neglect of the parties
hereto to insist, in any one or more instances, upon the strict performance of any of the terms or conditions of this Agreement,
or their waiver of strict performance of any of the terms or conditions of this Agreement, shall not be construed as a waiver or
relinquishment in the future of such term or condition, but the same shall continue in full force and effect.

 

11. Any notices hereunder shall be in writing,
and shall be sent to the Company and to Palladium at their respective addresses set forth above. Any notice shall be given by e-mail,
registered or certified mail, postage prepaid, or by reputable overnight courier such as FedEx, and shall be deemed to have been
given when deposited in the United States mail or delivered by overnight courier or upon confirmed receipt if delivered by e-mail.
Either party may designate any other address to which notice shall be given by giving written notice to the other party of such
change of address in the manner herein provided. This Agreement may be executed in two or more counterparts, all of which when
taken together shall be considered one and the same agreement and shall become effective when counterparts have been signed by
each party and delivered to each other party, it being understood that the parties need not sign the same counterpart. In the event
that any signature is delivered by facsimile transmission or by e-mail delivery of a “.pdf” format data file, such
signature shall create a valid and binding obligation of the party executing (or on whose behalf such signature is executed) with
the same force and effect as if such facsimile or “.pdf” signature page were an original thereof.

 

12. This Agreement shall inure to the benefit
of and be binding upon the respective, Affiliates, successors and assigns of the parties hereto. The term “Affiliates”
shall mean, with respect to any person or entity, any other person or entity who, directly or indirectly, through one or more intermediaries
controls, is controlled by, or is under common control with such person or entity and any spouse, parent or issue of any such person;
“control” means the power, directly or indirectly, to direct or cause the direction of the management and policies
of a person or entity whether through ownership of voting securities, by contract or otherwise.

 

13. Any dispute arising under or relating
to this Agreement or the parties' respective rights and duties hereunder shall be resolved by binding arbitration to be held in
New York, New York under the Simplified Rules of the Judicial Arbitration and Mediation Service (JAMS). Judgment upon the award
rendered by the arbitrators may be entered in any court having jurisdiction thereof. Any party may commence arbitration under this
provision by the delivery to the other party of a written dispute notice setting forth a brief description of the matter to be
resolved (the “Dispute Notice”).

 

Subject to the foregoing, this Agreement
has been made in the State of New York and shall be construed and governed in accordance with the laws thereof without giving effect
to principles governing conflicts of law. The parties irrevocably agree that any legal action or proceeding under, arising out
of or in any manner relating to this Agreement shall be brought exclusively in any court of competent jurisdiction in the County
of New York, State of New York. Each of the parties, by its execution and delivery of this Agreement, expressly and irrevocably
assents and submits to the jurisdiction of any of such courts in any such action or proceeding. The parties further irrevocably
consent to the service of any complaint, summons, notice or other process relating to any such action or proceeding by delivery
thereof to such party by hand or by registered or certified mail or overnight courier in the manner prescribed in Section 11 hereof.
The parties further irrevocably consent that any judgment rendered by such court in the State of New York may be entered in other
court having competent jurisdiction thereof.

 

14. This Agreement contains the entire
agreement between the parties, may not be altered or modified, except in writing and signed by the party to be charged thereby,
and supersedes any and all previous agreements between the parties relating to the subject matter hereof. Notwithstanding the foregoing,
the parties hereby incorporate by reference their obligations under that certain Confidentiality Agreement dated October 25, 2017
(the “Confidentiality Agreement”), and agree that such obligations shall (a) extend to any confidential information
provided by either party pursuant to this Agreement and (b) survive until the survival period contemplated in the Confidentiality
Agreement.

 

    - 4 -

     

    

 

15. Palladium will not have any rights
or obligations in connection with the sale and purchase of the Securities contemplated by this Agreement except as expressly provided
in this Agreement. In no event will Palladium be obligated to purchase the Securities for its own account or for the accounts of
its customers. Palladium will have the right, but not the obligation, however, to determine the allocation of the Securities among
potential purchasers introduced by Palladium, provided that such allocation is reasonably acceptable to the Company.

 

16. Palladium is not an expert on, and
cannot render opinions regarding, legal, accounting, regulatory, or tax matters. The Company should consult with its other professional
advisors concerning these matters before undertaking any Bridge or the Qualified Offering. All services, advice and information
and reports provided by Palladium to the Company in connection with this assignment shall be for the sole benefit of the Company
and shall not be relied upon by any other person. Palladium represents and warrants as of the date hereof that Palladium is a "Resident
of the United States" for purposes of the Convention between the Government of the State of Israel and the Government of the
United States of America with respect to Taxes on Income and that Palladium does not have a permanent establishment in Israel.

 

Palladium is delighted to accept this engagement
and looks forward to working with you on this assignment. Please confirm that the foregoing correctly sets forth our understanding
by signing the enclosed duplicate of this letter in the space provided and returning it, whereupon this letter shall constitute
a binding agreement as of the date first above written.

 

	 	Very truly yours,
	 	 
	 	PALLADIUM CAPITAL ADVISORS, LLC
	 	 	 
	 	By:	/s/ Joel Padowitz
	 	 	Joel Padowitz, Chief Executive Officer

 

ACCEPTED AND AGREED

AS OF THE DATE FIRST

ABOVE WRITTEN:

 

MEDYMATCH TECHNOLOGY LTD.

 

	By:	/s/ Michael Rosenberg	 
	 	Michael Rosenberg, Chief Financial Officer	 

  

[Annexes
follow]

 

    - 5 -

     

    

 

Annex A

 

Agent Services Ordinary Shares

  

    - 6 -

     

    

 

Annex B

 

Indemnification Provisions

 

In connection with the engagement of Palladium
by the Company pursuant to the Agreement, the Company hereby agrees as follows:

 

	1.	As further consideration under the Agreement, the Company agrees to indemnify and hold harmless
Palladium, its affiliates and their respective members, officers, employees, agents and controlling persons (each an “Indemnified
Party”), from and against any claims, liabilities, losses, damages, costs and expenses (or any action, claim, suit or
proceeding (collectively, a “Claim”) in respect thereof), as incurred, including any amount paid in settlement
of any litigation or other action (commenced or threatened) to which the Company shall have consented in writing (such consent
not to be unreasonably withheld), whether or not any Indemnified Party is a party and whether or not liability resulted, in each
case in connection with or arising out of or relating to the engagement of Palladium under the Agreement, or any actions taken
or omitted, services performed or matters contemplated by or in connection with the Agreement, the Company agrees to reimburse
Palladium, its affiliates and their respective members, officers, employees, agents and controlling persons (each an “Indemnified
Party”) ; provided, however, that the Company shall not be liable pursuant to this paragraph in respect of any loss,
claim, damage or liability to the extent that a court or other agency having competent jurisdiction shall have determined by final
judgment (not subject to further appeal) that such loss, claim, damage or liability was incurred solely as a direct result of fraud,
willful misconduct or gross negligence of such Indemnified Party. The Company also agrees that no Indemnified Party shall have
any liability (whether direct or indirect, in contract or tort or otherwise) to the Company or its partners, security holders or
creditors related to or arising out of the engagement of Palladium pursuant to, or the performance by Palladium of the services
contemplated by, this Agreement except to the extent that any loss, claim, damage or liability is determined in a final judgment
(not subject to further appeal) by a court to have resulted solely from fraud, willful misconduct or gross negligence of Palladium.
The Company agrees to reimburse any Indemnified Party for actual, out-of-pocket expenses (including reasonable fees and expenses
for legal counsel) for which indemnification or contribution hereunder has or is reasonably likely to be sought by and is payable
to the Indemnified Party, in connection with the investigation of, preparation for or defense of any pending or threatened Claim;
provided that, if any such reimbursement is for expenses relating to a Claim that is determined, by a final, non-appealable
judgment by a court, to have resulted from any Indemnified Party's gross negligence or willful misconduct, such Indemnified Party
shall promptly repay such amount to the Company.
	 	 
	2.	If any Claim is commenced as to which an Indemnified Party proposes to demand indemnification,
it shall notify the Company with reasonable promptness; provided, however, that any failure by an Indemnified Party to notify the
Company shall not relieve the Company from its obligations hereunder except to the extent it has been prejudiced by such failure.
If the Company so elects or is requested by Palladium, the Company will assume the defense of such Claim and will employ counsel
reasonably satisfactory to Palladium. Notwithstanding the preceding sentence, an Indemnified Party shall have the right to retain
separate legal counsel of its own choice reasonably satisfactory to the Company to conduct the defense and all related matters
in connection with any Claim, if counsel for Palladium reasonably determines that it would be inappropriate under applicable rules
of professional responsibility for the same counsel to represent both the Company and an Indemnified Party. In such event, the
Company shall pay the reasonable fees and expenses of one such legal counsel, and such counsel shall to the fullest extent, consistent
with its professional responsibilities, cooperate with the Company and any legal counsel designated by the Company.

 

    - 7 -

     

    

 

	3.	The Company will not, without the prior written consent of each Indemnified Party, settle, compromise
or consent to the entry of any judgment in any pending or threatened Claim in respect of which indemnification may be reasonably
sought hereunder (whether or not any Indemnified Person is an actual or potential party to such Claim), unless such settlement,
compromise or consent includes an unconditional, irrevocable release of each Indemnified Person against whom such Claim may be
brought hereunder from any and all liability arising out of such Claim.
	 	 
	4.	In the event the indemnity provided for in paragraphs 1 and 2 of this Annex B is unavailable or
insufficient to hold any Indemnified Party harmless, then the Company shall contribute to amounts paid or payable by an Indemnified
Party in respect of such Indemnified Party’s losses, claims, damages and liabilities as to which the indemnity provided for
in paragraphs 1 and 2 of this Annex B is unavailable or insufficient (i) in such portion as appropriately reflects the relative
benefits received by the Company, on the one hand, and the Indemnified Party, on the other hand, in connection with the matters
as to which losses, claims, damages or liabilities relate, or (ii) if the allocation provided by (i) above is not permitted by
applicable law, in such proportion as appropriately reflects not only the relative benefits referred to in clause (i) but also
the relative fault of the Company, on the one hand, and the Indemnified Parties, on the other hand, as well as any other equitable
considerations. The amounts paid or payable by a party in respect of losses, claims, damages and liabilities referred to above
shall be deemed to include any reasonable legal or other out-of-pocket fees and expenses incurred in defending any litigation,
proceeding or other action or claim. Notwithstanding the provisions hereof, Palladium’s share of the liability hereunder
shall not be in excess of the amount of fees (with any in-kind fees being expressed in cash) actually received by Palladium under
the Agreement (excluding any amounts received as reimbursement of expenses by Palladium). No person guilty of fraud, willful misconduct
or gross negligence shall be entitled to contribution from any person who was not guilty of such fraud, willful misconduct or gross
negligence.
	 	 
	5.	These Indemnification Provisions shall remain in full force and effect in connection with the transactions
contemplated by the Agreement whether or not consummated, and shall survive the expiration or termination of the Agreement, and
shall be in addition to any liability that the Company might otherwise have to any Indemnified Party under the Agreement or otherwise.
	 	 
	6.	Each party hereto consents to personal jurisdiction and service of process and venue in any court
in the State of New York in which any claim for indemnity is brought by any Indemnified Person.

 

palladium capital ADVISORS,
LLC 

 

	By:	/s/ Joel Padowitz	 
	 	Joel Padowitz	 
	 	Chief Executive Officer	 

 

MEDYMATCH TECHNOLOGY LTD.

 

	By:	/s/ Michael Rosenberg	 
	 	Michael Rosenberg	 
	 	Chief Financial Officer	 

 

 

- 8 -

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