Document:

Exhibit 10.18

 

CONSULTING AGREEMENT

 

THIS CONSULTING AGREEMENT (the “Agreement”)
is made on  1 December 2014 between MEDYMATCH TECHNOLOGY LTD., a private limited company incorporated and registered
in Israel, whose address is at 54 Ben Gurion Blvd., Tel Aviv, Israel (the “Company”) and EITAN MACHOVER,
whose address is at 15 Rophe Hamachtarot St. Tel Aviv, Israel (the “Consultant”).

 

		WHEREAS:	the Company wishes the Consultant
                                         to provide the Company with certain services and the Consultant wishes to render such
                                         services to the Company;

 

		WHEREAS:	the Consultant represents
                                         to the Company that he is ready, qualified, willing and able to carry out his obligations
                                         and undertakings towards the Company pursuant hereto; and

 

		WHEREAS:	the Company and Consultant
                                         desire to regulate their relationship in accordance to the terms and conditions of this
                                         Agreement.

 

NOW THEREFORE, the parties hereto
agree as follows:

 

		1.	The Services

 

		1.1.	The Company hereby engages the
                                         Consultant as an independent consultant and the Consultant hereby agrees to serve as
                                         a consultant to the Company and provide the services specified in Schedule A
                                         attached hereto (the “Services”). The engagement hereunder shall commence
                                         as of December 1, 2014 (the “Effective Date”).

 

		1.2.	Subject to any approvals required
                                         by law or the Company’s articles of association, the Consultant shall be appointed
                                         to the board of directors of the Company (the “Board”) with the title
                                         “Executive Director” during the Term (as defined in Section 2.1 below).

 

		1.3.	The Consultant shall cooperate
                                         on an ongoing basis with such employees, consultants and contractors of the Company as
                                         determined by the Company from time to time. On request from the Company, the Consultant
                                         shall provide reports or other types of ongoing information concerning the Services as
                                         determined by the Company from time to time, whether or not set forth herein.

 

		1.4.	The Consultant shall devote all
                                         the necessary time in performing his duties and responsibilities under this Agreement
                                         as shall be reasonably required by the Company.

 

		1.5.	The Consultant agrees to perform
                                         his duties described herein in a faithful, diligent and professional manner.

 

		1.6.	The Consultant shall be responsible
                                         for maintaining, at the Consultant’s own expense, a place of work, any necessary
                                         equipment and supplies, and appropriate communications facilities.

 

		1.7.	Nothing in this Agreement shall
                                         be interpreted as preventing or restricting the Company in obtaining or seeking from
                                         any other person services of the same nature as the Services, or otherwise from performing
                                         or seeking to perform any action or operation.

 

    

     

    

 

		2.	Term and Termination

 

		2.1.	This Agreement shall commence
                                         upon the Effective Date and shall continue until terminated pursuant to Section ‎2.2
                                         below (the “Term”).

 

		2.2.	This Agreement may be terminated
                                         at any time by Consultant or by the Company by giving the other party 90 days’
                                         advance notice in writing, provided that the Company may terminate this Agreement forthwith
                                         for Cause (as defined herein) without advance notice. A termination for “Cause”
                                         is a termination due to: (i) the Consultant’s conviction or indictment of any felony;
                                         (ii) a material breach of any provision of this Agreement or its exhibits or a material
                                         breach of trust by the Consultant; (iii) the Consultant’s continuously disregarding
                                         of instructions of the Company with respect to the Consultant’s performance of
                                         the Services; (iv) embezzlement of funds of the Company or any Affiliate (as defined
                                         in Section ‎7.1 below)
                                         thereof; (v) involvement in sexual harassment of any employee of the Company or other
                                         party in connection with the performance of the Services; or (vi) causing grave injury
                                         to the business, assets, operations or reputation of the Company or any Affiliate thereof.
                                         Nothing herein shall derogate from the Company’s rights with respect to such termination
                                         for Cause, including the right for set off damages from the Consultant’s Consulting
                                         Fees (as defined in Section ‎3.1
                                         below).

 

		2.3.	In the event of termination other
                                         than for Cause, the Consultant shall be entitled to Consulting Fees (as defined in Section
                                         ‎3.1 below) only
                                         in respect of Services rendered up until the date of termination.

 

		3.	Consideration

 

		3.1.	Consulting Fee

 

		3.1.1.	In consideration for the Services
                                         rendered by the Consultant pursuant to this Agreement the Company shall pay the Consultant
                                         a monthly fee in the amount of USD 3,500 (the “Consulting Fee”) which
                                         shall accrue from the Effective Date and be payable in accordance with the provisions
                                         of this Section 3.1. In the event that the Consultant is required to render his Services
                                         in excess of two full working days in each calendar month and such Services cannot reasonably
                                         be provided within two full working days, the Consulting Fee shall be increased by USD
                                         1,500 to USD 5,000, provided that the Consultant shall not issue an invoice for such
                                         increased amount prior to notifying the Company in writing of such increase.

 

		3.1.2.	Subject to Section 3.1.3,
                                         all payments of Consulting Fees hereunder shall be made on a monthly basis, within 15
                                         days from receipt by the Company of a pro-forma invoice duly issued by the Consultant
                                         in respect of such Consulting Fees. Within 10 days of receiving payment of any such invoice,
                                         the Consultant shall deliver a duly issued tax invoice to the Company for the relevant
                                         Consulting Fees. If requested by the Company, such invoice(s) shall contain a summary
                                         of the Services provided by the Consultant and the time incurred by the Consultant in
                                         providing such Services during the month to which such invoice relates.

 

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		3.1.3.	No Consulting Fees shall become
                                         due and payable by the Company until 15 days following the date on which the Company
                                         raises and receives cash proceeds from a round of financing in which the Company issues
                                         equity or equity-linked securities to one or more investors and in one or more closings
                                         in an aggregate amount of at least USD 1,500,000 (the “Investment Round”)
                                         in the.

 

		3.1.4.	No interest shall accrue or
                                         be payable by the Company on any accrued but unpaid Consulting Fees.

 

		3.1.5.	The Consulting Fees are inclusive
                                         of any and all taxes, and the Consultant shall bear full responsibility for all tax obligations
                                         of any kind or nature relating, directly or indirectly, to the Consulting Fees and otherwise
                                         to the Services hereunder. To the extent that any such taxes may be imposed upon the
                                         Company, the Company may deduct such amounts from any payments due to the Consultant.
                                         The Company shall be entitled to withhold and deduct from payments hereunder any and
                                         all amounts as may be required from time to time under any applicable law. VAT shall
                                         be charged on all amounts payable hereunder to the extent required by applicable law.

 

		3.1.6.	To the extent that Consultant
                                         or any of his Affiliates has previously provided any services to the Company or had any
                                         prior relationships with or engagement by the Company, the Consultant confirms, on behalf
                                         of itself and each Affiliate that they have received from the Company all outstanding
                                         entitlements arising out of or in any way connected with such prior services, engagements
                                         or relationships and that they do not have any claims and/or demands of any kind against
                                         the Company or its Affiliates, or anyone on their behalf relating to any such entitlements
                                         or engagement.

 

		3.2.	Stock Options

 

		3.2.1.	Subject to the sole discretion
                                         and determination of, and approval of such grant by, the Board and subject to the terms
                                         of any stock option plan and option agreement which shall be approved and adopted by
                                         the Company, it is intended that the Consultant shall be granted, subject to execution
                                         of an option agreement in a form provided by the Company and all other required documents
                                         and agreements required by the Company, options (the “Options”) to
                                         purchase such number of shares which represent 2.5% of the entire issued share capital
                                         of the Company on a fully diluted, as converted basis immediately following conclusion
                                         of the Investment Round (the “Post Investment Share Capital”) (such
                                         conclusion to be indicated by the Company) provided that, in the event that the value
                                         of the Post Investment Share Capital exceeds USD 8,000,000, the number of shares which
                                         are the subject of the Options shall be nevertheless be calculated as though the valuation
                                         of the Company was USD 8,000,000, such that the Options shall be subject to dilution
                                         by amounts invested above USD 3,000,000. 

 

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		3.2.2.	Subject to Section 3.2.3,
                                         the Options, once they are granted, shall vest monthly subject to an effective vesting
                                         schedule of 36 months starting with the Effective Date.

 

		3.2.3.	In the event that a Change
                                         of Control occurs, the vesting of the Options shall accelerate such that the Options
                                         shall become fully vested effective as of immediately prior to consummation of the Change
                                         of Control, with vesting subject to actual consummation of the Change in Control. For
                                         the purpose of this Section 3.2.3, a “Change of Control” shall mean
                                         any of: (i) a sale of all or substantially all of the assets of the Company to a third
                                         party; (ii) a sale of all of the issued shares of the Company to a third party; (iii)
                                         a merger, consolidation, amalgamation or like transaction of the Company with or into
                                         another corporation; (iv) a scheme of arrangement for the purpose of effecting a sale,
                                         merger, consolidation, amalgamation or other transaction described in (iii) above; and
                                         (iv) the initial public offering of the ordinary shares of the Company on a national
                                         exchange.

 

		3.2.4.	Any tax liability in connection
                                         with the Options (including with respect to the grant, exercise, sale of the Options
                                         or the shares receivable upon their exercise) shall be borne solely by the Consultant.

 

		3.2.5.	The shares resulting from
                                         the exercise of the Options shall be subject to the provisions of the Company’s
                                         articles of association as shall be in effect from time to time (including with respect
                                         to the limitation on transfer set forth therein).

 

		3.2.6.	The Options and rights therein
                                         are not transferable.

  

		3.3.	Full Consideration

 

Other than the consideration
specified in this Sections ‎3, which consideration constitutes
full consideration for the Services rendered hereunder, the Consultant will not be entitled to any other consideration for rendering
the Services hereunder.

 

		4.	Confidentiality, Non-Competition
                                         and Invention Assignment Undertaking

 

Simultaneously with the execution
of this Agreement, and a as condition hereto, the Consultant hereby signs the Undertaking attached hereto as Schedule B.

 

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		5.	Relationship of Parties

 

		5.1.	Despite the fact that the Company
                                         has offered the Consultant to provide the Services as a salaried employee of the Company,
                                         the Consultant requested to provide the Services in the capacity of an independent contractor
                                         only. Therefore, the Company increased the salary which was initially offered to Consultant
                                         by 50% in order to enable Consultant to cover several payments and expenses which he
                                         has to bear as an independent contractor, including the purchase of pension coverage
                                         and disability insurance. The Consultant is not and shall not represent himself as an
                                         employee, partner or joint venture of the Company or any of its Affiliates.

 

		5.2.	The parties hereto hereby declare
                                         and approve, that this Agreement is a Contractors Agreement within the meaning of the
                                         Israeli Contractors Law – 1974, and that nothing in this Agreement shall be interpreted
                                         or construed as creating or establishing any partnership, joint venture, employment relationship,
                                         franchise or agency or any other similar relationship between the Company or its Affiliates
                                         and Consultant or any of his agents and employees, and it is specifically clarified that
                                         with respect to the Services, no employer-employee relationship will be formed between
                                         the Company or its Affiliates and the Consultant or any of his agents and employees,
                                         and the Consultant is not entitled to any social or other benefits resulting from employer-employee
                                         relationship. The Consultant hereby acknowledges that the Company is relying upon the
                                         truthfulness and accuracy of the representations set forth in this Section 5.2 in engaging
                                         the Consultant.

 

		5.3.	The Consultant will defend, indemnify
                                         and hold the Company, or any third party on its behalf, harmless from and against all
                                         claims, damages, losses and expenses, including reasonable fees and expenses of attorneys
                                         and other professionals (i) relating to any obligation imposed upon the Company to pay
                                         any withholding taxes, social security, unemployment or disability insurance or similar
                                         terms in connection with compensation received by Consultant or, or which are based upon
                                         a stipulation by a competent judicial authority that an employer - employee relationship
                                         was created between the Company or its Affiliates and Consultant and/or his agents and
                                         employees; and (ii) resulting from any act, omission or negligence on Consultant’s
                                         or any of his employees’ part in the performance or failure to perform the scope
                                         of work under this Agreement.

 

		5.4.	The Consultant acknowledges that
                                         the Consultant has read and fully understood the terms of this structure of the relationship
                                         between the parties as an independent contractor and that Consultant has consulted and
                                         received advice of counsel regarding said structure of the relationship between the parties
                                         hereto and has had sufficient opportunity to do so.

 

		5.5.	It is hereby clarified that any
                                         right granted to the Company to instruct and/or oversee the Services by the Consultant
                                         is granted in order to ensure the performance of the Services in full and not to imply
                                         or justify an employer -employee relationship between the Company and the Consultant
                                         or any of his agents or employees.

 

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		5.6.	The Consultant shall be responsible
                                         to pay any and all payments, salary, taxes and all other benefits and any amounts due
                                         to any relevant social security or similar authority with respect to his employees and/or
                                         the Services provided by any of them pursuant to this Agreement. The Consultant undertakes
                                         to acquire for himself pension coverage in a customary amount. The
                                         Consultant hereby releases and forever discharges the Company and its Affiliates,
                                         from any and all claims, which he ever had, now has, or may claim to have against the
                                         Company and/or its Affiliates in connection with the existence of any employer - employee
                                         relationship between Company or its Affiliates and Consultant or any of his agents and
                                         employees.

 

		5.7.	In light of the above, should
                                         it be held by any competent judicial authority that the relationship between the Consultant
                                         or any of his employees or agents, and the Company (or any of its Affiliates) in respect
                                         of the Services rendered by the Consultant pursuant to this Agreement is one of employer
                                         and employee, the parties agree that the “salary” that Consultant would be
                                         entitled to as an “employee” (including for the purpose of social security
                                         and social benefits), for the provision of the Services within the framework of this
                                         Agreement, shall be 60% of the Consulting Fee (the “Agreed Employee Compensation”).

 

		5.8.	The Consultant will be obligated
                                         to return to the Company all surplus payments that the Company paid beyond the Agreed
                                         Employee Compensation (the “Surplus Sum”), on the day that a demand
                                         and/or claim which contradicts this Agreement is filed or on the day that a decision
                                         under Section ‎5.7
                                         is made, pursuant to which it is claimed or decided that Consultant is a salaried employee
                                         of the Company.

 

		5.9.	Any Surplus Sum that the Consultant
                                         is obligated to return will be subject to interest linked to the last known Israeli Consumer
                                         Price Index on the date said Surplus Sum is to be returned to the Company.

 

		5.10.	The Company will be entitled
                                         to deduct from and set off against amounts due to the Consultant pursuant to this Agreement
                                         and/or pursuant to any other agreement, law, or otherwise, any amounts, which the Consultant
                                         is required to pay the Company pursuant to this Agreement (including the Surplus Sum),
                                         any other agreement, any law, or otherwise.

 

		6.	Warranties

 

The Consultant represents and
warrants that:

 

		6.1.	The Consultant does not have
                                         currently and shall not have during the term of the provisions of the Services, any outstanding
                                         agreement or obligation that is or will be in conflict with any of the provisions of
                                         this Agreement, or that would preclude the Consultant from complying with the provisions
                                         hereof or otherwise restrict the Consultant in any way in performing the Services.

 

		6.2.	The Consultant represents and
                                         warrants that the execution and delivery of this Agreement, the performance of the Services
                                         and the fulfillment of the terms hereof will not: (a) constitute, in whole or in part,
                                         a default, violation or breach under or conflict in any way with any agreement, obligation,
                                         undertaking or commitment to which the Consultant is a party or by which he is bound,
                                         including without limitation, any confidentiality, invention assignment or non-competition
                                         agreement and (b) do not require the consent, permission or authorization of or notification
                                         to any person or entity.

 

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		6.3.	The Consultant hereby undertakes
                                         to comply with all Company disciplinary regulations, work rules, policies, procedures
                                         and objectives, which are relevant to the performance of the Services or otherwise to
                                         consultants of the Company.

 

		6.4.	The Consultant agrees that the
                                         Company may monitor the Consultant’s use of its Systems (as defined below) and
                                         copy, transfer and disclose such electronic communications and content transmitted by
                                         or stored in such Systems, in pursuit of the Company’s legitimate business interests,
                                         all in accordance with the Company’s policies in place from time to time, and subject
                                         to applicable law. For the purposes of this Section, the term “Systems”
                                         includes all of the Company’s owned or leased computers (including laptops), mobile
                                         phones and other mobile devices, keys, PDAs, credit cards, printers, card access to any
                                         company building, files, e-mails, tapes, programs, records and software, computer access
                                         codes or disks, and other similar systems.

 

		6.5.	The Consultant shall not use
                                         or exploit, during or in connection with the engagement hereunder any proprietary or
                                         confidential information, including any intellectual property, inventions, trade secrets
                                         or know how, of any other person or entity, including any previous employer, without
                                         due and timely permission to do so.

 

		7.	Miscellaneous

 

		7.1.	In this Agreement the term “Affiliate”
                                         shall mean, any person or entity that directly or indirectly controls, is controlled
                                         by, or is under common control with, a party to this Agreement. For purposes hereof,
                                         the term “control” means the power to direct the management or affairs of
                                         a person or entity through the ownership of voting securities, by contract, or otherwise.

 

		7.2.	All headings of the Sections
                                         and Subsections of this Agreement are intended for convenience of reference and shall
                                         not be used in interpreting this Agreement.

 

		7.3.	Assignment. Neither this
                                         Agreement nor any interest herein may be assigned by the Consultant without the prior
                                         written consent of the Company. The Company may assign or transfer this Agreement or
                                         any of its rights and/or obligations under this Agreement without the Consultant’s
                                         consent.

 

		7.4.	Entire Agreement; Amendments.
                                         This Agreement constitutes the entire agreement between the Consultant and the Company
                                         with respect to the subject matter hereof and supersedes any other arrangement, understanding
                                         or agreement, verbal or otherwise. No amendment of or waiver of, or modification of any
                                         obligation under this Agreement will be enforceable unless set forth in a writing signed
                                         by the parties hereto. No delay or failure to require performance of any provision of
                                         this Agreement shall constitute a waiver of that provision as to that or any other instance.

 

		7.5.	Law; Jurisdiction. This
                                         Agreement shall be governed by the laws of the State of Israel (excluding its conflict
                                         of law principles) and the competent courts/tribunals of Tel-Aviv shall have exclusive
                                         jurisdiction over any disputes arising hereunder.

 

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		7.6.	No Waiver. No failure
                                         or delay on the part of any party hereto in exercising any right, power or remedy thereunder
                                         shall operate as a waiver thereof, nor shall any single or partial exercise of any such
                                         right, power or remedy preclude any other or further exercise thereof or the exercise
                                         of any other right, power or remedy. Any waiver granted thereunder must be in writing
                                         and shall be valid only in the specific instance in which given.

 

		7.7.	Severability. If any provision
                                         of this Agreement is held by a court of competent jurisdiction to be unenforceable under
                                         applicable law, then such provision shall be excluded from this Agreement and the remainder
                                         of this Agreement shall be interpreted as if such provision were so excluded and shall
                                         be enforceable in accordance with its terms; provided, however, that in such event this
                                         Agreement shall be interpreted so as to give effect, to the greatest extent consistent
                                         with and permitted by applicable law, to the meaning and intention of the excluded provision
                                         as determined by such court of competent jurisdiction.

 

		7.8.	Notices. All notices hereunder
                                         will be in writing and shall be given by and be deemed received by the receiving party
                                         (i) if sent by a delivery service, on the date confirmed as the actual date of delivery
                                         by such service; (ii) if sent by registered air mail, return receipt requested, within
                                         seven (7) days of mailing; (iii) if sent by facsimile with electronic confirmation of
                                         transmission, on the next business day after transmission, if not transmitted on a business
                                         day, or on the day of transmission, if transmitted on a business day; or (iv) if sent
                                         by e-mail with an automatic electronic written confirmation of delivery from the sender’s
                                         server, on the next business day after transmission, if not transmitted on a business
                                         day, or on the day of transmission, if transmitted on a business day.

 

		7.9.	Survival. The provisions
                                         of Sections ‎4,
                                         ‎5, ‎6
                                         and ‎7 of this Agreement,
                                         including the provisions of Schedule B, shall continue and remain in full force and effect
                                         following the termination or expiration of the relationship between the Company and the
                                         Consultant, for whatever reason.

 

-Signature Page Follows-

 

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IN WITNESS WHEREOF, the parties
have signed this Agreement as of the date hereof.

 

	/s/
    Netanel Peri	 	/s/
    Eitan Machover
	For and
    on behalf of	 	EITAN
    MACHOVER
	MEDYMATCH TECHNOLOGY LTD.	 	 

 

	By:	Netanel
    Peri	 	/s/
    E.M ADVISORY SERVICES LTD 
	Title:	Founder & President	 	 

 

	Company Stamp:	/s/ MediMatch Technology LTD.	 

 

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SCHEDULE A

 

SERVICES

 

The Consultant shall:

 

		1.	be reasonably available to the
                                         Company;

 

		2.	attend meetings of the Board and
                                         any other management meetings in which the Consultant’s participation will be required;

 

		3.	take part in discussions to further
                                         the strategic business objectives of the Company;

 

		4.	assist the Company to identify
                                         suitable candidates with the view of appointing a suitably skilled person as CEO of the
                                         Company;

 

		5.	seek potential investors and assist
                                         the Company to raise capital as and when required or considered desirable by the Company;

 

		6.	introduce the Company to strategic
                                         channel partners and other business partners that may be interested in establishing and/or
                                         developing a commercial relationship with the Company;

  

		7.	advise the Company on different
                                         applications for the proof of concept and ongoing functionality;

 

		8.	provide general corporate guidance
                                         to the Board;

 

		9.	assist with the assembly and appointment
                                         of an advisory board committee;

  

		10.	meet with third parties as reasonably
                                         needed to further the above purposes and to promote the business of the Company; and

  

		11.	perform any other tasks and provide
                                         any other services which may from time to time be reasonably requested by the Company.

 

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SCHEDULE B

 

UNDERTAKING

 

THIS UNDERTAKING ("Undertaking")
is entered into on ____ December 2014 by EITAN MACHOVER, whose address is at 15 Rophe Hamachtarot St. Tel Aviv, Israel
(the "Consultant").

 

		WHEREAS,	the Consultant wishes
                                         to be engaged by Medymatch Technology Ltd., a private limited company incorporated and
                                         registered in Israel, whose address is at 54 Ben Gurion Blvd., Tel Aviv, Israel (the
                                         “Company”); and

 

		WHEREAS,	it is critical for the
                                         Company to preserve and protect its Confidential Information (as defined below), its
                                         rights in Inventions (as defined below) and in all related intellectual property rights,
                                         and Consultant is entering into this Undertaking as a condition to Consultant’s
                                         engagement with the Company.

 

NOW, THEREFORE, Consultant undertakes
and warrants towards the Company as follows:

 

References herein to the term “Company”
shall include any of the Company’s direct or indirect parent, subsidiary and affiliated companies, and their respective
successors and assigns.

 

		1.	Confidentiality.

 

		1.1.	The Consultant acknowledges that
                                         the Consultant has had and is expected to have access to information that relates to
                                         the Company, its business, assets, financial condition, affairs, activities, plans and
                                         projections, customers, suppliers, partners, and other third parties with whom the Company
                                         agreed or agrees, from time to time, to hold information of such party in confidence
                                         (the “Confidential Information”). Confidential Information shall include,
                                         without limitation, information, whether or not marked or designated as confidential,
                                         concerning technology, products, research and development, patents, copyrights, inventions,
                                         trade secrets, test results, formulae, processes, data, know-how, marketing, promotion,
                                         business and financial plans, policies, practices, strategies, surveys, analyses and
                                         forecasts, financial information, customer lists, agreements, transactions, undertakings
                                         and data concerning employees, consultants, officers, directors, and shareholders. Confidential
                                         Information includes information in any form or media, whether documentary, written,
                                         oral, magnetic, electronically transmitted, through presentation or demonstration or
                                         computer generated. Confidential Information shall not include information that has become
                                         part of the public domain not as a result of a breach of any obligation owed by Consultant
                                         to the Company.

 

		1.2.	The Consultant acknowledges and
                                         understands that the engagement by the Company and the access to Confidential Information
                                         creates a relationship of confidence and trust with respect to such Confidential Information.

 

		1.3.	During the term of the Consultant’s
                                         engagement and at any time after termination or expiration thereof, for any reason, the
                                         Consultant shall keep in strict confidence and trust, shall safeguard, and shall not
                                         disclose to any person or entity, nor use for the benefit of any party other than the
                                         Company, any Confidential Information, other than with the prior express consent of the
                                         Company.

 

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		1.4.	All right, title and interest
                                         in and to Confidential Information are and shall remain the sole and exclusive property
                                         of the Company or the third party providing such Confidential Information to the Company,
                                         as the case may be. Without limitation of the foregoing, the Consultant agrees and acknowledges
                                         that all memoranda, books, notes, records, email transmissions, charts, formulae, specifications,
                                         lists and other documents (contained on any media whatsoever) made, reproduced, compiled,
                                         received, held or used by the Consultant in connection with the engagement by the Company
                                         or that otherwise relates to any Confidential Information (the “Confidential
                                         Materials”), shall be the Company’s sole and exclusive property and shall
                                         be deemed to be Confidential Information. All originals, copies, reproductions and summaries
                                         of the Confidential Materials shall be delivered by the Consultant to the Company upon
                                         termination or expiration of Consultant’s engagement for any reason, or at any
                                         earlier time at the request of the Company, without Consultant retaining any copies thereof.

 

		1.5.	During the term of the Consultant’s
                                         engagement with the Company, the Consultant shall not remove from the Company’s
                                         offices or premises any Confidential Materials unless and to the extent necessary in
                                         connection with the duties and responsibilities of Consultant and permitted pursuant
                                         to the then applicable policies and regulations of the Company. In the event that such
                                         Confidential Material is duly removed from the Company’s offices or premises, the
                                         Consultant shall take all actions necessary in order to secure the safekeeping and confidentiality
                                         of such Confidential Materials and return the Confidential Materials to their proper
                                         files or location as promptly as possible after such use.

 

		1.6.	During the term of the Consultant’s
                                         engagement with the Company, the Consultant will not improperly use or disclose any proprietary
                                         or confidential information or trade secrets, and will not bring onto the premises of
                                         the Company any unpublished documents or any property, in each case belonging to any
                                         former employer or any other person to whom the Consultant has an obligation of confidentiality
                                         and/or non-use (including, without limitation, any academic institution or any entity
                                         related thereto), unless generally available to the public or consented to in writing
                                         by that person.

 

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		2.	Unfair Competition and Solicitation.
                                         The Consultant acknowledges that in light of Consultant’s position with the Company
                                         and in view of Consultant’s exposure to, and involvement in, the Company’s
                                         sensitive and valuable proprietary information, property (including, intellectual property)
                                         and technologies, as well as its goodwill and business plans (the “Company’s
                                         Major Assets”), the provisions of this Section ‎1
                                         are reasonable and necessary to legitimately protect the Company’s Major Assets,
                                         and are being undertaken by the Consultant as a condition to the engagement of the Consultant
                                         by the Company. The Consultant confirms that the Consultant has carefully reviewed the
                                         provisions of Section ‎2,
                                         fully understands the consequences thereof and has assessed the respective advantages
                                         and disadvantages to the Consultant of entering into this Undertaking and, specifically,
                                         Section ‎2 hereof.
                                         In light of the above provisions, the Consultant undertakes that during the term of the
                                         engagement with the Company and for a period of twelve (12) months thereafter:

 

		2.1.	the Consultant shall not engage,
                                         establish, open or in any manner whatsoever become involved, directly or indirectly,
                                         either as an employee, owner, partner, agent, shareholder, director, consultant or otherwise,
                                         in any business, occupation, work or any other activity which is reasonably likely to
                                         involve or require the use of any of the Company’s Major Assets. The Consultant
                                         confirms that the engagement, establishment, opening or involvement, directly or indirectly,
                                         either as an employee, owner, partner, agent, shareholder, director, consultant or otherwise,
                                         in any business, occupation, work or any other activity which competes with the business
                                         of the Company as conducted during the term of engagement or contemplated, during such
                                         term, to be conducted, is likely to require the use of all or a portion of the Company’s
                                         Major Assets.

 

		2.2.	The Consultant shall not, directly
                                         or indirectly, solicit, hire or retain as an employee, consultant or otherwise, any employee
                                         of the Company or induce or attempt to induce any such employee to terminate or reduce
                                         the scope of his or her engagement with the Company.

 

		2.3.	The Consultant shall not, directly
                                         or indirectly, solicit or induce, or attempt to solicit or induce, any consultant, service
                                         provider, agent, distributor, customer or supplier of the Company to terminate, reduce
                                         or modify the scope of such person’s engagement with the Company.

 

		3.	Ownership of Inventions.

 

		3.1.	The Consultant will notify and
                                         disclose in writing to the Company, or any persons designated by the Company from time
                                         to time, all information, improvements, inventions, formulae, processes, techniques,
                                         know-how and data, whether or not patentable or registerable under copyright or any similar
                                         laws, made or conceived or reduced to practice or learned by the Consultant, either alone
                                         or jointly with others, during the Consultant’s engagement with the Company (all
                                         such information, improvements, inventions, formulae, processes, techniques, know-how,
                                         and data are hereinafter referred to as the “Invention(s)”) immediately
                                         upon discovery, receipt or invention as applicable.

 

		3.2.	The Consultant agrees that all
                                         the Inventions are, upon creation, considered Inventions of the Company, shall be the
                                         sole property of the Company and its assignees, and the Company and its assignees shall
                                         be the sole owner of all patents, copyrights, trade secret and all other rights of any
                                         kind or nature, including moral rights, in connection with such Inventions. The Consultant
                                         hereby irrevocably and unconditionally assigns to the Company all the following with
                                         respect to any and all Inventions: (i) patents, patent applications, and patent rights,
                                         including any and all continuations or extensions thereof; (ii) rights associated with
                                         works of authorship, including copyrights and copyright applications, Moral Rights (as
                                         defined below) and mask work rights; (iii) rights relating to the protection of trade
                                         secrets and confidential information; (iv) design rights and industrial property rights;
                                         (v) any other proprietary rights relating to intangible property including trademarks,
                                         service marks and applications therefor, trade names and packaging and all goodwill associated
                                         with the same; and (vi) all rights to sue for any infringement of any of the foregoing
                                         rights and the right to all income, royalties, damages and payments with respect to any
                                         of the foregoing rights. Consultant also hereby forever waives and agrees never to assert
                                         any and all Moral Rights Consultant may have in or with respect to any Inventions, even
                                         after termination of engagement on behalf of the Company. “Moral Rights”
                                         means any right to claim authorship of a work, any right to object to any distortion
                                         or other modification of a work, and any similar right, existing under the law of any
                                         country in the world, or under any treaty.

 

    - 13 -

     

    

 

		3.3.	The Consultant further agrees
                                         to perform, during and after engagement, all acts deemed reasonably necessary or desirable
                                         by the Company to permit and assist it, at the Company’s expense, in obtaining,
                                         maintaining, defending and enforcing the Inventions in any and all countries. Such acts
                                         may include, but are not limited to, execution of documents and assistance or cooperation
                                         in legal proceedings. The Consultant hereby irrevocably designates and appoints the Company
                                         and its duly authorized officers and agents, as the Consultant’s agents and attorneys-in-fact
                                         to act for and on the Consultant’s behalf and instead of Consultant, to execute
                                         and file any documents and to do all other lawfully permitted acts to further the above
                                         purposes with the same legal force and effect as if executed by the Consultant.

 

		3.4.	The Consultant shall not be entitled,
                                         with respect to all of the above, to any monetary consideration or any other consideration
                                         except as explicitly set forth in the consulting agreement between Consultant and the
                                         Company. Without limitation of the foregoing, the Consultant irrevocably confirms that
                                         the consideration explicitly set forth in this agreement is in lieu of any rights for
                                         compensation that may arise in connection with the Inventions under applicable law and
                                         waives any right to claim royalties or other consideration with respect to any Invention,
                                         including, to the extent applicable, under Section 134 of the Israeli Patent Law - 1967.
                                         With respect to all of the above any, oral understanding, communication or agreement
                                         not memorialized in writing and duly signed by the Company shall be void.

 

		4.	General.

 

		4.1.	The Consultant represents that
                                         the performance of all the terms of this Undertaking and Consultant’s duties as
                                         a consultant of the Company does not and will not breach any invention assignment, proprietary
                                         information, non-compete, confidentiality or similar agreements with, or rules, regulations
                                         or policies of, any former employer or other party (including, without limitation, any
                                         academic institution or any entity related thereto). The Consultant acknowledges that
                                         the Company is relying upon the truthfulness and accuracy of such representations in
                                         engaging the Consultant.

 

		4.2.	The Consultant acknowledges that
                                         the provisions of this Undertaking serve as an integral part of the terms of the Consultant’s
                                         engagement and reflect the reasonable requirements of the Company in order to protect
                                         its legitimate interests with respect to the subject matter hereof.

 

		4.3.	The Consultant recognizes and
                                         acknowledges that in the event of a breach or threatened breach of this Undertaking by
                                         the Consultant, the Company may suffer irreparable harm or damage and will, therefore,
                                         be entitled to injunctive relief to enforce this Undertaking (without limitation to any
                                         other remedy at law or in equity).

 

    - 14 -

     

    

 

		4.4.	This Undertaking is governed
                                         by the laws of the State of Israel (excluding its conflict of law principles), and the
                                         competent courts/tribunals of Tel-Aviv shall have exclusive jurisdiction over any disputes
                                         arising hereunder

 

		4.5.	If any provision of this Undertaking
                                         is held by a court of competent jurisdiction to be unenforceable under applicable law,
                                         then such provision shall be excluded from this Undertaking and the remainder of this
                                         Undertaking shall be interpreted as if such provision were so excluded and shall be enforceable
                                         in accordance with its terms; provided, however, that in such event this Undertaking
                                         shall be interpreted so as to give effect, to the greatest extent consistent with and
                                         permitted by applicable law, to the meaning and intention of the excluded provision as
                                         determined by such court of competent jurisdiction. In addition, if any particular provision
                                         contained in this Undertaking shall for any reason be held to be excessively broad as
                                         to duration, geographical scope, activity or subject, it shall be construed by limiting
                                         and reducing the scope of such provision so that the provision is enforceable to the
                                         fullest extent compatible with applicable law.

 

		4.6.	The provisions of this Undertaking
                                         shall continue and remain in full force and effect following the termination or expiration
                                         of the relationship between the Company and the Consultant, for whatever reason. This
                                         Undertaking shall not serve in any manner so as to derogate from any of the Consultant’s
                                         obligations and liabilities under any applicable law.

 

		4.7.	This Undertaking constitutes
                                         the entire agreement between the Consultant and the Company with respect to the subject
                                         matter hereof. No amendment of or waiver of, or modification of any obligation under
                                         this Undertaking will be enforceable unless set forth in a writing signed by the Company.
                                         No delay or failure to require performance of any provision of this Undertaking shall
                                         constitute a waiver of that provision as to that or any other instance. No waiver granted
                                         under this Undertaking as to any one provision herein shall constitute a subsequent waiver
                                         of such provision or of any other provision herein, nor shall it constitute the waiver
                                         of any performance other than the actual performance specifically waived

 

		4.8.	This Undertaking, the rights
                                         of the Company hereunder, and the obligations of Consultant hereunder, will be binding
                                         upon and inure to the benefit of their respective successors, assigns, heirs, executors,
                                         administrators and legal representatives. The Company may assign any of its rights under
                                         this Undertaking. The Consultant may not assign, whether voluntarily or by operation
                                         of law, any of his obligations under this Undertaking, except with the prior written
                                         consent of the Company.

 

IN WITNESS WHEREOF, the undersigned,
has executed this Undertaking as of the date first mentioned above.

 

	Printed Name:	Eitan Machover	 	Signature:	/s/ Eitan Machover

 

 

- 15 -Exhibit 10.20

 

EMPLOYMENT AGREEMENT

 

Executed on this 1st day of April,
2016

 

This Employment Agreement (this “Agreement”)
is entered by and between MedyMatch Technology Ltd., with offices at 76 Yigal Alon, Tel-Aviv, Israel (the “Company”)
and Robert Mehler, I.D. No. 302113808 of Tidhar 7A Zichron Yaakov 30900, email: Robert.mehler@gmail.com (the “Executive”) 

 

EMPLOYMENT

 

		1.	The Company desires to employ the Executive for a non-fixed term and Executive desires to become
a full time employee pursuant to the terms and conditions set forth herein. The Executive’s commencement date, position, supervisor
and other working related terms, including salary, are specified in Appendix A attached hereto.

 

		2.	The Executive undertakes to devote Executive’s full time, attention, skill, and effort exclusively
to the performance of Executive’s duties in the Company and undertakes not to engage, whether as an employee or otherwise, in any
business, commercial or professional activities, whether or not for compensation, during Executive’s employment, without the prior
written consent of the Company. Nothing contained herein shall derogate from the Executive’s undertakings in Appendix
B below.

 

		3.	This Agreement may be terminated by either party at any time by giving the other party hereto prior
written notice of such termination as specified in Appendix A and subject to the law. (the “Notice Period”).

 

		4.	Notwithstanding anything to the contrary in Section ‎‎3
above, the Company may terminate the Executive’s employment for Cause without advance notice, without payment of severance pay
and without derogating from any remedy to which the Company may be entitled under this Agreement or the law. A termination for
“Cause” is a termination due to: (i) breach of trust by the Executive or misappropriation of the Company’s property
or engagement in competing activities or a breach of Executive’s confidentiality and non-disclosure obligations; or (ii) a material
breach by the Executive of this Agreement, provided however, that Executive has not cured such breach (if remediable) within 7
days following a notice sent to Executive by the Company; or (iii) the Executive’s indictment in a criminal offense (other than
an offence for which a fine or non-custodial penalty is imposed) or involvement in sexual harassment of other employee or 3rd party
in connection with Executive’s employment; or (iv) Executive puts himself in a situation of conflict of interests; or (v) any other
circumstances under which prior notice may be denied from Executive upon termination of employment under any applicable law.

 

		5.	The Executive shall have no lien on any of the Company’s assets, equipment or any other material
in Executive’s possession. The Executive shall return to the Company all of the Company’s Equipment no later than the day of termination
of employee-employer relationship and prior to any unpaid leave or within 7 days following the Company’s demand.

 

		6.	Nothing herein shall derogate from any right the Executive may have, if at all, in accordance with
any law, expansion order, collective bargaining agreement, employment agreement or any other agreement with respect to the terms
of the Executive’s employment, if relevant.

 

SPECIAL AGREEMENT

 

		7.	It is agreed that the Executive’s position is a management one and/or which requires a special
degree of personal trust, as defined in the Working Hours and Rest Law, 1951 (the “Working Hours and Rest Law”).
The Executive undertakes not to claim that the Working Hours and Rest Law applies to Executive’s employment with the Company. Executive
acknowledges the legitimacy of the Company’s requirement to work “overtime” or during “weekly rest-hours” without
being entitled to “overtime compensation” or “weekly rest-hour compensation” (as these terms are defined in
the Working Hours and Rest Law), and Executive undertakes to comply with such requirements of the Company, to the extent reasonably
possible. The Executive acknowledges that the compensation to which Executive is entitled pursuant to this Agreement constitutes
adequate compensation for Executive’s work during “overtime” or “weekly rest-hours”.

 

	Company: ___________________	Employee:________________

 

    	 	 	 

     

    

 

NON DISCLOSURE,
COMPETITIVE ACTIVITY AND OWNERSHIP OF INVENTIONS

 

		8.	Simultaneously with the signing of this Agreement the Executive shall sign the Non-Disclosure,
Unfair Competition and Ownership of Inventions Undertaking in favor of the Company, attached hereto as Appendix B.

 

EXECUTIVE’S REPRESENTATIONS
AND UNDERTAKINGS

 

The Executive represents warrants and undertakes
all of the following:

 

		9.	Executive has the ability, knowledge and qualifications needed to perform Executive’s obligations
according to this Agreement. Executive does not suffer from any health disability which may have influence on the performance of
Executive’s obligations under this Agreement.

 

		10.	There are no other undertakings or agreements preventing, restricting or limiting Executive from
committing himself in accordance with this Agreement and performing Executive’s obligations hereunder. Executive is not currently
and shall not by entering into this Agreement and performing Executive’s obligations hereunder be deemed to be (i) violating any
right of Executive’s former employer(s), or (ii) in breach of or in conflict with, any of Executive’s obligations under any agreement
to which Executive is a party or by any obligation to which Executive is bound.

 

		11.	Executive shall inform the Company, immediately upon becoming aware of every matter in which Executive
or Executive’s immediate family has a personal interest and which might give rise to a conflict of interest with Executive’s duties
under the terms of Executive’s employment.

 

		12.	Executive shall not receive any payment or benefit from any third party, directly or indirectly
in connection with Executive’s employment. In the event the Executive breaches this undertaking, without derogating from any of
the Company’s right by law or contract, such benefit or payment shall become the sole property of the Company and the Company may
deduct the cost/value of such payment/benefit from any sums the Executive may be entitled to.

 

		13.	In carrying out Executive’s duties, Executive shall not make any representations or undertake in
any way on behalf of the Company, except as expressly authorized so to do.

 

		14.	Executive acknowledges and agrees that from time to time Executive may be required by the Company
to travel and stay abroad as part of Executive’s obligations under this Agreement.

 

		15.	Executive acknowledges that in extraordinary circumstances the Company may require the Executive
to participate in a Polygraph sensor test. Executive agrees that: (a) the Company may rely on the results of such polygraph; (b)
the results of such test may be presented in any legal proceedings and be considered as valid evidence.

 

		16.	Unless otherwise is provided under this Agreement, Executive will use the Company’s Equipment for
the purpose of Executive’s employment only. Thus, the Executive shall not have any right to use the email box for private purposes
and shall not be entitled to store any private material on Executive’s personal computer/laptop for personal purposes. The Executive
shall be entitled to use Internet-related email services (such as Gmail, YahooMail, etc.) and cloud storage services.

 

		17.	The Executive acknowledges and agrees as follows: (i) The Company shall have the right to allow
other employees and other third parties to use the Executive’s personal computer/laptop; (ii) The Company shall have the right
to conduct inspections on any and all the Company’s computers, including inspections of electronic mail transmissions, internet
usage and inspections of their content; (iii) For the avoidance of any doubt, it is hereby clarified that all examination’s finding
shall be the Company’s sole property and may be used as prima facie evidence in legal proceeding; (iv) In light of Executive’s
undertaking that the sole use of Executive’s personal computer/laptop and email shall be for business purposes, Executive has no
right for privacy in any and all computer and email material.

 

	Company: ___________________	Employee:________________

 

    	 	- 2 -	 

     

    

 

		18.	It is known to the Executive and he agrees that the information about him and the terms of his
employment as accumulated and recorded by the Company (the “Information”) will be transferred to third parties, including
outside Israel, provided that: (i) The transfer shall be done in order to affirm relevant law or for business conduction (including
whatsoever transactions related to company); (ii) No information shall be transferred beyond the
requisite and reasonable; (iii) The party to whom the information is transferred will undertake to the Company, to the extent
possible and relevant, that it will preserve the privacy of the information at the level of retention that is at least the same
as that used by the Company with respect to the information.

 

		19.	In any event of the termination of this Agreement, the Executive shall cooperate with the Company
and use Executive’s best efforts to assist with the integration into the Company’s organization of the person or persons who will
assume the Executive’s responsibilities.

 

GENERAL PROVISIONS

 

		20.	This Agreement and all Appendices attached hereto constitute the entire agreement between the parties
and supersede all prior agreements, proposals, understandings and arrangements, if any, whether oral or written, between the parties
hereto with respect to the subject matter hereof. This Agreement may be amended, supplemented or modified only by a written instrument
duly executed by or on behalf of each party hereto.

 

		21.	This Agreement shall be governed by and construed in accordance with the laws of the State of Israel,
without giving effect to its laws pertaining to conflict of laws. Any and all disputes in connection with this Agreement shall
be submitted to the exclusive jurisdiction of the competent courts or tribunals, as relevant, located in the city of Tel-Aviv-Jaffa,
Israel.

 

		22.	Any notice or other communications in connection with this Agreement must be in writing to the
address set forth in the preamble to this Agreement (or to such other address as shall be specified by like notice), sent via registered
mail, messenger or email. Such notice shall be deemed given after four (4) business days, if sent via registered mail; after one
(1) day if sent by messenger, provided a proof of delivery has been received; after one (1) day if sent by email, provided however,
that a computerized automatic “received” approval (delivery receipt) was sent by the email server.

 

	Executive acknowledges that he: (1) read and fully understood all the provisions of this Agreement and its Appendices; (2) given the opportunity to consult with third parties, including his attorneys; (3) the signature of this Agreement was made at Executive’s own free will.

 

	Company: ___________________	Employee:________________

 

    	 	- 3 -	 

     

    

 

APPENDIX A

 

TERMS OF EMPLOYMENT AND COMPENSATION

 

		1.	Commencement Date, Position and reporting - the Executive’s employment shall commence on April 1, 2016, in the position of Chief
Operating Officer, or any other substantially similar position (whichever title such position shall have), as shall be determined
by the Company. The Executive shall report directly to CEO.

 

		2.	Notice Period - the Notice Period shall be 90 days in advanced. Notwithstanding the
foregoing, in the period of the first three months of employment, the advance notice shall be by law. The notice shall be given
in writing, however, even if such written notice has not been given, the Executive shall be deemed to have resigned if he gave
a clear notice in this matter.

 

		3.	Salary - A gross monthly salary of NIS 62,000 (the “Salary”). Any
payment or benefit under this Appendix A, other than the Salary, shall not be considered as a salary for any purpose whatsoever,
and the Executive shall not maintain or claim otherwise. The salary will be duly paid.

 

		4.	Pension Arrangements – The Company shall insure the Executive under an accepted
‘Executive’s Insurance Scheme’ (the “Executives Insurance Policy”) or Pension Fund (the “Pension Fund”),
as follows:

 

Executive Insurance Policy:
(i) Disability - the Company will contribute an amount of up to 21⁄2% of the Salary towards disability insurance, under normal
and acceptable conditions, which would insure 75% of the Salary. (ii) Severance - an amount equal to 81⁄3% of the Salary; (ii)
Pension - Insofar as the actual cost of the disability insurance will be up to 1% of the salary, then the Company will set aside
for benefits an amount that constitutes the difference between 6% of the salary and the actual cost of the disability insurance;
Insofar as the actual cost of the disability insurance is more than 1% of the salary, then the Company’s contributions to the benefits
will be 5% of the salary. In addition the Company will deduct a sum equal to 5% of the Salary as Executive’s contribution;

 

Pension Fund: Severance
- an amount equal to 81⁄3% of the Salary; Pension - an amount equal to 6% of the Executive’s Salary. In addition the Company
will deduct a sum equal to 51⁄2% of the Executive’s Salary as Executive’s contribution.

 

		5.	Pension Funds Release - The Company and the Executive agree to adopt the provisions
of the “General Acknowledgement Regarding the Payments by Employers to Pension Funds and to Insurance Funds in Lieu of Payment
of Severance Compensation”, which was issued in accordance with the Severance Compensation Law, 1963 (“General Acknowledgement”).
The General Acknowledgment is attached to this Agreement as Appendix C and forms an integral part thereto.
The Company waives any right that it may have for the repayment of any monies paid by it to the Executives Insurance and/or the
Pension Fund, unless the right of the Executive to severance compensation has been revoked in a judicial decision, under Sections
16, 17 to the Severance Compensation Law, 1963 (to the extent of such revocation) or where the Executive withdrew monies from the
pension fund or the insurance fund for any reason other than death, disability or retirement at the age of sixty or thereafter.

 

The Executive hereby acknowledge
and confirm that the Company’s contributions towards the Executives Insurance and/or the Pension Fund shall come in lieu of payment
of severance compensation, if the Executive shall be entitled to such, according to Section 14 of the Severance Compensation Law,
1963 and in accordance with the General Acknowledgement.

 

		6.	Study Fund (“Keren Hishtalmut”) -

 

The Company and the Executive
shall maintain a ‘Keren Hishtalmut’ Fund (the “Keren Hishtalmut Fund”). The Company shall contribute to such Keren
Hishtalmut Fund an amount equals to 71/2% of the Salary, and the Executive shall contribute to the Keren
Hishtalmut Fund an amount equals to 21/2% of the Salary. The Executive hereby instructs the Company to transfer
to such Keren Hishtalmut Fund the amount of the Executive’s contribution from each Salary.

 

In the event of payments to
the Keren Hishtalmut Fund that exceed the amounts equal to the aforesaid percentages of the Effective Salary as defined in Section
3(e) of the Income Tax Ordinance, such additional amount shall be recognized as ordinary income for Tax purposes on the date of
contribution to such Keren Hishtalmut Fund.

 

	Company: ___________________	Employee:________________

 

    	 	- 4 -	 

     

    

 

		7.	Vacation - Subject to the provisions of the Annual Vacation Law, 1951 (the “Vacation
Law”), the Executive shall be entitled to 22 working days as vacation days (the “Vacation Days”), with
respect to each twelve (12) months’ period of continuous employment with the Company. The Executive shall be entitled to carry
forward the unused Vacation Days in accordance with the terms set out in the Vacation Law only. For the avoidance of doubt, the
dates of the Executive’s vacation shall be determined by the Company, at its sole and unfettered discretion, in accordance with
the Company’s needs, and to the extent possible, taking into consideration the Executive’s request. The Company shall be entitled
to set uniform dates for vacation for all or part of its employees, with respect to all or any part of the vacation days, as it
shall consider fit.

 

		8.	Sick Leave - The Executive shall be entitled to sick leave in accordance with the
provisions of the Sick Pay Law-1976. In the event the Executive is absent from work due to illness, the Executive shall give notice
thereof to the Company (whether himself or by his representative) and shall provide the Company with appropriate medical approval
as soon as possible according to the circumstances. Such notice shall include, inter alia, the estimated period in which the Executive
will absent from work.

 

		9.	Recuperation - The Executive shall be entitled to Recuperation Payments
(“Dmey Havra’a”) in accordance with the applicable expansion order.

 

		10.	Travel Expenses - The Employee shall be entitled to
reimbursement of travel expenses, as required by the law.

 

		11.	Cellular Phone - The Company shall provide Executive with a cellular phone to be
placed at Executive’s disposal for Executive’s use in the course of performing Executive’s obligations under
this Agreement as well as for reasonable personal usage. Company shall bear costs relating to the use of the Cellular Phone according
to the Company’s policy. Executive shall return the Cellular Phone (together with any other equipment supplied) upon the
Company’s request or at the date of termination of Executive’s employment.

 

		12.	Business Expenses - The Company shall reimburse the Executive for necessary and customary
business expenses incurred by the Executive, in accordance with Company policy as determined by the Company from time to time.

 

		13.	Taxes and Compulsory Payments - All payments and benefits under this Agreement are
gross payments. The Company shall deduct the taxes and other compulsory payments as required by law.

 

	Company: ___________________	Employee:________________

 

    	 	- 5 -	 

     

    

 

APPENDIX B

 

THIS UNDERTAKING (“Undertaking”)
is entered into as of the 1 day of April, 2016, by Robert Mehler, I.D. No. 302113808, an individual residing at Tidhar
7A Zichron Yaakov 30900 (the “Executive”).

 

WHEREAS,the Executive wishes
to be employed by MedyMatch Technology Ltd. (the “Company”); and

 

WHEREAS,it is critical for the
Company to preserve and protect its Confidential Information (as defined below), its rights in Inventions (as defined below) and
in all related intellectual property rights, and Executive is entering into this Undertaking as a condition to Executive’s employment
with the Company.

 

NOW, THEREFORE, the Executive undertakes
and warrants towards the Company as follows:

 

References herein to the term “Company”
shall include any of the Company’s direct or indirect parent, subsidiary and affiliated companies, and their respective successors
and assigns.

 

		1.	Confidentiality.

 

The Executive
acknowledges that Executive may have access to information that relates to the Company, its business, assets, financial condition,
affairs, activities, plans and projections, customers, suppliers, partners, and other third parties with whom the Company agreed
or agrees, from time to time, to hold information of such party in confidence (the “Confidential Information”).
Confidential Information shall include, without limitation, information, whether or not marked or designated as confidential, concerning
technology, products, research and development, patents, copyrights, inventions, trade secrets, test results, formulae, processes,
data, know-how, marketing, promotion, business and financial plans, policies, practices, strategies, surveys, analyses and forecasts,
financial information, customer lists, agreements, transactions, undertakings and data concerning employees, consultants, officers,
directors, and shareholders. Confidential Information includes information in any form or media, whether documentary, written,
oral, magnetic, electronically transmitted, through presentation or demonstration or computer generated. Confidential Information
shall not include information that has become part of the public domain not as a result of a breach of any obligation owed by the
Executive to the Company; or is required to be disclosed by law or the binding rules of any governmental organization, provided,
however, that Executive gives the Company prompt notice thereof so that the Company may seek a protective order or other appropriate
remedy, and further provided, that in the event that such protective order or other remedy is not obtained, Executive shall furnish
only that portion of the Confidential Information which is legally required, and shall exercise all reasonable efforts required
to obtain confidential treatment for such information.

 

		2.	During the term of Executive’s employment and at any time after termination or expiration thereof,
for any reason, the Executive shall keep in strict confidence and trust, shall safeguard, and shall not disclose to any person
or entity, nor use for the benefit of any party other than the Company, any Confidential Information. The Executive acknowledges
and understands that the employment by the Company and the access to Confidential Information creates a relationship of confidence
and trust with respect to such Confidential Information.

 

		3.	All right, title and interest in and to Confidential Information are and shall remain the sole
and exclusive property of the Company or the third party providing such Confidential Information to the Company, as the case may
be. Without limitation of the foregoing, the Executive agrees and acknowledges that all memoranda, books, notes, records, email
transmissions, charts, formulae, specifications, lists and other documents (contained on any media whatsoever) made, reproduced,
compiled, received, held or used by the Executive in connection with the employment by the Company or that otherwise relates to
any Confidential Information (the “Confidential Materials”), shall be the Company’s sole and exclusive property
and shall be deemed to be Confidential Information. All originals, copies, reproductions and summaries of the Confidential Materials
shall be delivered by the Executive to the Company upon termination or expiration of the Executive’s employment for any reason,
or at any earlier time at the request of the Company, without the Executive retaining any copies thereof.

 

	Company: ___________________	Employee:________________

 

    	 	- 6 -	 

     

    

 

During the
term of the Executive’s employment with the Company, Executive shall not remove from the Company’s offices or premises any Confidential
Materials unless and to the extent necessary in connection with the duties and responsibilities of Executive and permitted pursuant
to the then applicable policies and regulations of the Company. In the event that such Confidential Material is duly removed from
the Company’s offices or premises, Executive shall take all actions necessary in order to secure the safekeeping and confidentiality
of such Confidential Materials and return the Confidential Materials to their proper files or location as promptly as possible
after such use.

 

		4.	During the term of the Executive’s employment with the Company, Executive will not improperly use
or disclose any proprietary or confidential information or trade secrets, and will not bring onto the premises of the Company any
unpublished documents or any property, in each case belonging to any former employer or any other person to whom the Executive
has an obligation of confidentiality and/or non-use (including, without limitation, any academic institution or any entity related
thereto).

 

Unfair
Competition and Solicitation.

 

		5.	Executive undertakes that during the term of employment with the Company Executive shall not engage,
establish, open or in any manner whatsoever become involved, directly or indirectly, either as an employee, owner, partner, agent,
shareholder, director, consultant or otherwise, in any business, occupation, work or any other activity which competes with the
business of the Company.

 

Executive
undertakes that for a period of twelve (12) months following termination of Executive’s employment for whatever reason Executive
shall not engage, establish, open or in any manner whatsoever become involved, directly or indirectly, either as an employee, owner,
partner, agent, shareholder, director, consultant or otherwise, in any business, occupation, work or any other activity which directly
involves or requires the use of any of the Company’s Major Assets, as defined below. Executive confirms that engagement,
establishment, opening or involvement, directly or indirectly, either as an employee, owner, partner, agent, shareholder, director,
consultant or otherwise, in any business, occupation, work or any other activity which competes with the business of the Company
as conducted during the term of employment or contemplated, during such term, to be conducted, is likely to require the use of
all or a portion of the Company’s Major Assets.

 

The Executive acknowledges
that in light of Executive’s position with the Company and in view of the Executive’s exposure to, and involvement in, the Company’s
sensitive and valuable proprietary information, property (including, intellectual property) and technologies, as well as its goodwill
and business plans (the “Company’s Major Assets”), the provisions of this Section ‎5
above are reasonable and necessary to legitimately protect the Company’s Major Assets, and are being undertaken by the Executive
as a condition to the employment of Executive by the Company.

 

The Executive confirms that
Executive has carefully reviewed the provisions of this Section 5, fully understands the consequences thereof and has assessed
the respective advantages and disadvantages to the Executive of entering into this Undertaking and, specifically, Section 5 hereof.

 

Executive hereby declares that
he is aware that a portion of the Salary contains additional consideration in exchange for the Executive fully undertaking the
non-compete provisions in Sections ‎5 above. Notwithstanding
anything in this provision, the Executive declares that he is financially capable of undertaking these non-compete provisions.

 

		6.	Executive undertakes that during the term of employment with the Company and for a period of twelve
(12) months thereafter: (i) Executive shall not, directly or indirectly, solicit, hire or retain as an employee, consultant or
otherwise, any employee of the Company or induce or attempt to induce any such employee to terminate or reduce the scope of such
employee’s employment with the Company; and (ii) Executive shall not, directly or indirectly, solicit or induce, or attempt
to solicit or induce, any consultant, service provider, agent, distributor, customer or supplier of the Company to terminate, reduce
or modify the scope of such person’s engagement with the Company

 

	Company: ___________________	Employee:________________

 

    	 	- 7 -	 

     

    

 

Ownership
of Inventions.

 

		7.	The Executive will notify and disclose in writing to the Company, or any persons designated by
the Company from time to time, all information, improvements, inventions, formulae, processes, techniques, know-how and data, whether
or not patentable or registerable under copyright or any similar laws, made or conceived or reduced to practice or learned by the
Executive, either alone or jointly with others, during the Executive’s employment with the Company (including after hours, on weekends
or during vacation time) (all such information, improvements, inventions, formulae, processes, techniques, know-how, and data are
hereinafter referred to as the “Invention(s)”) immediately upon discovery, receipt or invention as applicable.

 

		8.	The Executive agrees that all the Inventions are, upon creation, considered Inventions of the Company,
shall be the sole property of the Company and its assignees, and the Company and its assignees shall be the sole owner of all patents,
copyrights, trade secret and all other rights of any kind or nature, including moral rights, in connection with such Inventions.
The Executive hereby irrevocably and unconditionally assigns to the Company all the following with respect to any and all Inventions:
(i) patents, patent applications, and patent rights, including any and all continuations or extensions thereof; (ii) rights associated
with works of authorship, including copyrights and copyright applications, Moral Rights (as defined below) and mask work rights;
(iii) rights relating to the protection of trade secrets and confidential information; (iv) design rights and industrial property
rights; (v) any other proprietary rights relating to intangible property; and (vi) all rights to sue for any infringement of any
of the foregoing rights and the right to all income, royalties, damages and payments with respect to any of the foregoing rights.
Executive also hereby forever waives and agrees never to assert any and all Moral Rights Executive may have in or with respect
to any Inventions, even after termination of employment on behalf of the Company. “Moral Rights” means any right
to claim authorship of a work, any right to object to any distortion or other modification of a work, and any similar right, existing
under the law of any country in the world, or under any treaty.

 

		9.	The Executive has attached, as Appendix B-1, a list of all inventions, enhancements,
formulas, processes, techniques, professional knowledge and technological information, whether patentable, copyright or similar
law or not (Whether they were created by the Executive only or together with others), which: (1) were developed by the Executive
prior to his engagement with the Company (hereinafter jointly, “The previous inventions”), (2) are related to
the Company’s existing or planned business or products or research and development, and (3) not being assigned in favor of the
Company under this Agreement; Or, insofar as Appendix B-1 is missing or not attached at all, the Executive hereby
declares that there are no such prior inventions.

 

		10.	The Executive further agrees to perform, during and after employment, all acts deemed reasonably
necessary or desirable by the Company to permit and assist it, at the Company’s expense, in obtaining, maintaining, defending and
enforcing the Inventions in any and all countries. Such acts may include, but are not limited to, execution of documents and assistance
or cooperation in legal proceedings. The Executive hereby irrevocably designates and appoints the Company and its duly authorized
officers and agents, as Executive’s agents and attorneys-in-fact to act for and on Executive’s behalf and instead of Executive,
to execute and file any documents and to do all other lawfully permitted acts to further the above purposes with the same legal
force and effect as if executed by the Executive.

 

		11.	The Executive shall not be entitled, with respect to all of the above, to any monetary consideration
or any other consideration except as explicitly set forth in the employment agreement between Executive and the Company or beyond
any other special agreement or arrangements in this matter that has been made in writing and signed by the Company. Without limitation
of the foregoing, Executive irrevocably confirms that the consideration explicitly set forth in the employment agreement is in
lieu of any rights for compensation that may arise in connection with the Inventions under applicable law and waives any right
to claim royalties or other consideration with respect to any Invention, including under Section 134 of the Israeli Patent Law
- 1967. With respect to all of the above any, oral understanding, communication or agreement not memorialized in writing and duly
signed by the Company shall be void.

 

	Company: ___________________	Employee:________________

 

    	 	- 8 -	 

     

    

 

General.

 

		12.	Executive represents that the performance of all the terms of this Undertaking and Executive’s
duties as an employee of the Company does not and will not breach any invention assignment, proprietary information, non-compete,
confidentiality or similar agreements with, or rules, regulations or policies of, any former employer or other party (including,
without limitation, any academic institution or any entity related thereto). Executive acknowledges that the Company is relying
upon the truthfulness and accuracy of such representations in employing the Executive.

 

		13.	The Executive acknowledges that the provisions of this Undertaking serve as an integral part of
the terms of Executive’s employment and reflect the reasonable requirements of the Company in order to protect its legitimate interests
with respect to the subject matter hereof.

 

		14.	Executive recognizes and acknowledges that in the event of a breach or threatened breach of this
Undertaking by the Executive, the Company may suffer irreparable harm or damage and will, therefore, be entitled to injunctive
relief to enforce this Undertaking (without limitation to any other remedy at law or in equity).

 

		15.	If any provision of this Undertaking is determined by any court of competent jurisdiction to be
invalid, illegal or unenforceable in any respect, such provision will be enforced to the maximum extent possible given the intent
of the parties hereto. If such clause or provision cannot be so enforced, such provision shall be stricken from this Undertaking
only with respect to such jurisdiction in which such clause or provision cannot be enforced, and the remainder of this Undertaking
shall be enforced as if such invalid, illegal or unenforceable clause or provision had (to the extent not enforceable) never been
contained in this Undertaking. In addition, if any particular provision contained in this Undertaking shall for any reason be held
to be excessively broad as to duration, geographical scope, activity or subject, it shall be construed by limiting and reducing
the scope of such provision so that the provision is enforceable to the fullest extent compatible with applicable law.

 

		16.	The provisions of this Undertaking shall continue and remain in full force and effect following
the termination or expiration of the employment relationship between the Company and the Executive, for whatever reason. This Undertaking
shall not serve in any manner so as to derogate from any of the Executive’s obligations and liabilities under any applicable law.

 

		17.	Executive hereby consents that, following the termination or expiration of the employment relationship
hereunder, the Company may notify the Executive’s new employer about the Executive’s rights and obligations under this
Undertaking.

 

		18.	This Undertaking constitutes the entire agreement between the Executive and the Company with respect
to the subject matter hereof. No amendment of or waiver of, or modification of any obligation under this Undertaking will be enforceable
unless set forth in a writing signed by the Company. No waiver granted under this Undertaking as to any one provision herein shall
constitute a subsequent waiver of such provision or of any other provision herein, nor shall it constitute the waiver of any performance
other than the actual performance specifically waived.

 

		19.	This Undertaking, the rights of the Company hereunder, and the obligations of Executive hereunder,
will be binding upon and inure to the benefit of their respective successors, assigns, heirs, executors, administrators and legal
representatives. The Company may assign any of its rights under this Undertaking. Executive may not assign, whether voluntarily
or by operation of law, any of its obligations under this Undertaking, except with the prior written consent of the Company.

  

IN WITNESS WHEREOF, the undersigned,
has executed this Undertaking as of the date first mentioned above.

 

__________: ________________

 

 

 

	Company: ___________________	Employee:________________

 

    	 	- 9 -	 

     

    

APPENDIX C

 

General Approval Regarding Payments by
Employers to a Pension Fund and Insurance Fund in Lieu of Severance Pay

 

In Accordance with the Severance Pay Law
5723-1963

 

By virtue of my authority under Section
14 of the Severance Pay Law 5723-1963 (hereinafter, the “Law”), I hereby confirm that payments made by an employer
beginning on the date this authorization is publicized, for its employee, towards a comprehensive pension in a provident fund for
benefit payments, which is not an insurance fund as implied in the Income Tax Regulations (Rules for Approving and Managing Provident
Funds) 5724-1964 (hereinafter, a “Pension Fund”), or towards Managers’ Insurance that includes an option for benefit
payments (hereinafter, an “Insurance Fund”) or a combination of payments towards a Pension Fund and an Insurance Fund
(hereinafter, “Employer Payments”), shall be in lieu of the severance pay to which the said employee is entitled for
the wages of which the said payments were paid and the period for which they were paid (hereinafter, the “Exempted Salary”),
provided the following conditions shall be met:

 

		1.	Employer Payments-

 

1.           To
a Pension Fund are not less than 14 1/3 % of the Exempted Salary or 12% of the Exempted Salary if the employer pays for its employee,
in addition to this, supplementary severance payments, towards a Severance Pay Fund or an Insurance Fund in the name of the employee,
at a rate of 2 1/3% of the Exempted Salary. If the employer does not pay the said 2 1/3% in addition to the 12%, its payments shall
be only in lieu of 72% of the employee’s severance pay.

 

		2.	To an Insurance Fund are not less than one of the following:

 

1.2.1.       13
1/3% of the Exempted Salary, if the employer pays for its employee payments for additional monthly income support in case of employee’s
inability to work, through a plan approved by the Supervisor for Capital Markets, Insurance and Savings in the Ministry of Finance,
at a rate necessary to guarantee at least 75% of the Exempted Salary, or at a rate of 2 1/2% of the Exempted Salary, whichever
is lower (hereinafter, “Loss of Work Capacity Insurance”).

 

1.2.2.       11%
of the Exempted Salary, if the employer paid an additional Payment for the Loss of Work Capacity Insurance, and in such case the
employer’s payments shall be only in lieu of 72% of the employee’s severance pay. If, in addition to such payments, the employer
has also paid payments for the supplement of severance pay to a Severance Pay Fund or an Insurance Fund under the name of the employee
at a rate of 2 1/3% of the Exempted Salary, the employer’s payments shall be in lieu of 100% of the employee’s severance pay.

 

		2.	Not later than three months from the commencement of the employer’s payments a written agreement
shall be prepared between the employer and the employee, which shall include:

 

1.            The
employee’s agreement to an arrangement in accordance with this authorization, in wording that specifies the employer’s payments
and the Pension Fund and the Insurance Fund, as relevant. The said agreement shall also include the wording of this authorization.

 

2.            The
employer’s prior waiver of any right it may have to a financial reimbursement from its payments, unless the employee’s right to
severance pay is rescinded by a judicial decree or by virtue of Sections 16 or 17 of the Law, or that the employee withdrew funds
from the Pension Fund or from the Insurance Fund not for a qualifying incident. In this regard a “qualifying incident”-
death, disability or retirement at the age of 60 or older.

 

		3.	This authorization shall not derogate from the employee’s right to severance pay under the Law,
collective agreement, Expansion order or employment contract, for wages exceeding The Exempted Salary.

 

	 	(-)
	 	 
	 	Eliyahu Yishai
	 	 
	 	Minister of Labor and Social Affairs

 

	Company: ___________________	Employee:________________

 

    	 	- 10 -

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