Document:

Exhibit 4.5

      

      

      

      
        INMODE LTD.

        

        

        2018 INCENTIVE PLAN

        

        

        RESTRICTED SHARE UNIT AWARD GRANT NOTICE AND

          RESTRICTED SHARE UNIT AWARD AGREEMENT

          FOR ALL PARTICIPANTS (OTHER THAN PARTICIPANTS IN ISRAEL)

        

        

        InMode Ltd., a company organized under the laws of the State of Israel (the “Company”), pursuant to its 2018 Incentive Plan and
          including the US Sub-Plan appendix thereto setting forth the additional terms applicable to Participants who are U.S. Taxpayers and any additional applicable appendix thereto, in the form attached hereto as Exhibit
              A (collectively referred to as the “Plan,” except where the context otherwise requires), hereby grants to the individual listed below (the “Participant”), an award (the “Award”) of restricted share units (“Restricted Share Units” or “RSUs”). Each RSU represents the right to receive one unrestricted, fully transferable ordinary share of the Company (each a “Share,” collectively “Shares”) upon vesting. This Award is subject to all of the terms and conditions as set forth herein, in the Restricted Share Unit Award Agreement
          attached hereto as Exhibit B (the “RSU Agreement”), the special provisions for the Participant’s country of residence, if any, attached hereto as Exhibit C (the “Foreign Appendix” and, together with the RSU Agreement, the “Agreement”) and the Plan, each of which are
          incorporated herein by reference. Capitalized terms not otherwise defined in this Grant Notice and the Agreement shall have the meaning ascribed to such terms in the Plan.

        

        

        	
                Participant’s Name:

              	
                [__]

              
	
                Grant Date:

              	
                [__]

              
	
                Type of Award:

              	
                Restricted Share Units

              
	
                Total Number of RSUs:

              	
                [__]

              
	
                Vesting Commencement Date:

              	
                [__]

              
	
                Vesting Schedule:

              	
                [__]

              

        

        

        By his or her acceptance of the Award through the Company's online acceptance procedure (or by his or her signature and the signature of the Company’s representative below),
          the Participant agrees to be bound by the terms and conditions of the Plan, the Agreement and this Grant Notice. The Participant has reviewed the Agreement, the Plan and this Grant Notice in their entirety and fully understands all provisions of
          this Grant Notice, the Agreement and the Plan. The Participant also agrees that the Company, in its sole discretion, may satisfy any applicable tax withholding obligations in accordance with Section 2.6 of the Agreement by (i) withholding Shares
          otherwise issuable to the Participant upon settlement of the RSUs (which is intended to occur immediately following vesting), (ii) instructing a broker on the Participant’s behalf to sell Shares otherwise issuable or issued to the Participant
          upon settlement of the RSUs (which is intended to occur immediately following vesting) and submit the proceeds of such sale to the Company, or (iii) using any other method permitted by Section 2.6 of the Agreement or under the Plan. The
          Participant hereby agrees to accept as binding, conclusive and final all decisions or interpretations of the Company's Board of Directors (the “Board”) and/or the Company's Compensation Committee appointed
          by the Board (the “Committee”), which administrate the Plan (the Board and/or the Committee shall be collectively referred to herein as the “Administrator”) upon any
          questions arising under the Plan or relating to the RSUs.

        

        

        
          
            

        

        
        This Grant Notice may be executed in one or more counterparts, each of which shall be deemed an original and all of which together shall constitute one instrument.

        

        

        	
                INMODE LTD.:

                 

              	 	
                PARTICIPANT:

              
	
                By:

              	
                ____________________

              	 	
                By:

              	
                ____________________

              
	
                Print Name:

              	
                ____________________

              	 	
                Print Name:

              	
                ____________________

              
	
                Title:

              	
                ____________________

              	 	 

        

        

        Attachments:

         

        	
                Exhibit A:

              	
                InMode Ltd. 2018 Incentive Plan

              
	

              	 
	
                Exhibit B:

              	
                Restricted Share Unit Award Agreements for All Participants (other than Participants in Israel)

              
	

              	 
	
                Exhibit C:

              	
                Foreign Appendix – Country Specific Provisions

              

        

        

        
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        EXHIBIT A

         

        TO RESTRICTED SHARE UNIT AWARD GRANT NOTICE

         

        2018 INCENTIVE PLAN

        

        

        
          - 3 -

          
            

        

        

        EXHIBIT B

         

        

        TO RESTRICTED SHARE UNIT AWARD GRANT NOTICE

         

        RESTRICTED SHARE UNIT AWARD AGREEMENT

        FOR ALL PARTICIPANTS (OTHER THAN PARTICIPANTS IN ISRAEL)

        

        

        Pursuant to the Restricted Share Unit Award Grant Notice (the “Grant Notice”) and this Restricted Share Unit Award Agreement (the “RSU Agreement”), including any special provisions for the Participant's country set forth in Exhibit C (the “Foreign Appendix” and, together with the RSU Agreement, the “Agreement”), InMode Ltd., a company organized under the laws of the State of Israel (the “Company”), has granted to Participant an award (the “Award”) of restricted share units (the “Restricted Share Units” or “RSUs”) under the Company’s 2018 Incentive Plan and the US Sub-Plan appendix thereto setting forth the
          additional terms applicable to Participants who are U.S. Taxpayers, and including any applicable appendix or supplement thereto (collectively referred to herein as the “Plan”, unless the context otherwise
          requires).

        

        

        ARTICLE I

         

        

        GENERAL

        

        

        1.1    Defined Terms. Wherever the following terms are used in this Agreement they shall have the meanings specified below, unless the context clearly indicates
          otherwise. Capitalized terms not specifically defined herein shall have the meanings specified in the Plan or the Grant Notice, as applicable.

        

        

        (a)     “Termination of Consultancy” shall mean the time when the engagement of the Participant as a consultant to the Company or any
          affiliate thereof is terminated for any reason, with or without cause, including, but not by way of limitation, by resignation, discharge, death or retirement, but excluding: (i) terminations where there is a simultaneous employment or continuing
          employment of the Participant by the Company or any affiliate thereof, and (ii) terminations where there is a simultaneous re-establishment of a consulting relationship or continuing consulting relationship between the Participant and the Company
          or any affiliate thereof. The Administrator, in its absolute discretion, shall determine the effect of all matters and questions relating to Termination of Consultancy, including, but not by way of limitation, the question of whether a particular
          leave of absence constitutes a Termination of Consultancy. Notwithstanding any other provision of the Plan, the Company or any affiliate thereof has an absolute and unrestricted right to terminate a consultant’s service at any time for any reason
          whatsoever, with or without cause, except to the extent expressly provided otherwise in writing.

        

        

        (b)    “Termination of Directorship” shall mean the time when the Participant, if he or she is or becomes a member of the Board who is
          not an employee of the Company or any of its affiliates (“Non-Employee Director”), ceases to be a member of the Board for any reason, including, but not by way of limitation, a termination by resignation,
          failure of shareholders to approve re-appointment, failure to be re-elected, death or retirement. The Board, in its sole and absolute discretion, shall determine the effect of all matters and questions relating to Termination of Directorship with
          respect to Non-Employee Directors.

        

        

        
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        (c)    “Termination of Employment” shall mean the time when the employee-employer relationship between the Participant and the Company
          or any affiliate thereof is terminated for any reason, with or without cause, including, but not by way of limitation, a termination by resignation, discharge, death, disability or retirement; but excluding: (i) terminations where there is a
          simultaneous reemployment or continuing employment of the Participant by the Company or any affiliate thereof, (ii) terminations where there is a simultaneous establishment of a consulting relationship or continuing consulting
          relationship between the Participant and the Company or any affiliate thereof, and (iii) terminations where the Participant simultaneously becomes or previously is appointed or elected as a Non-Employee Director. The Administrator, in its
          absolute discretion, shall determine the effect of all matters and questions relating to Termination of Employment, including, but not by way of limitation, the question of whether a particular leave of absence constitutes a Termination of
          Employment.

        

        

        (d)    “Termination of Services” shall mean the Participant’s Termination of Consultancy, Termination of Directorship or Termination of
          Employment, as applicable.

        

        

        1.2    General. Each Restricted Share Unit shall constitute a non-voting unit of measurement which is deemed for bookkeeping purposes to be equivalent to one Share
          (subject to adjustment as provided in Section 10.1 of the Plan) solely for purposes of the Plan and this Agreement. The Restricted Share Units shall be used solely as a device for the determination of the payment to eventually be made to the
          Participant if such Restricted Share Units vest pursuant to Section 2.3 hereof. The Restricted Share Units shall not be treated as property or as a trust fund of any kind.

        

        

        1.3    Incorporation of Terms of Plan. The RSUs are subject to the terms and conditions of the Plan, which is incorporated herein by reference. In the event of any
          inconsistency between the Plan and this Agreement, the terms of the Plan shall control.

        

        

        ARTICLE II

         

          

        GRANT OF RESTRICTED SHARE UNITS

        

        

        2.1    Grant of RSUs. Effective as of the grant date set forth in the Grant Notice (the “Grant Date”), the Company grants to the
          Participant the Award as set forth in the Grant Notice.

        

        

        2.2    Company’s Obligation to Pay. Each RSU has a value equal to the fair market value of a Share on the date it becomes vested. Unless and until the RSUs will have
          vested in the manner set forth in Article II hereof, the Participant will have no right to payment of any such RSUs. Prior to actual payment of any vested RSUs, such RSUs will represent an unsecured obligation of the Company, payable (if at all)
          only from the general assets of the Company.

        

        

        2.3    Vesting Schedule. Subject to Section 2.4 hereof and any accelerated vesting provisions in any employment agreement or other agreement between the Participant and
          the Company, the RSUs awarded by the Grant Notice will vest and become non-forfeitable with respect to the applicable portion thereof according to the vesting schedule set forth on the Grant Notice to which this Agreement is attached (the “Vesting Schedule”), subject to the Participant’s continued employment or service through such dates, as a condition to the vesting of the applicable installment of the RSUs and the rights and benefits under
          this Agreement. Unless otherwise determined by the Administrator, partial employment or service, even if substantial, during any vesting period will not entitle the Participant to any proportionate vesting or avoid or mitigate a termination of
          rights and benefits upon or following a Termination of Services as provided in Section 2.4 below or under the Plan.

        

        

        
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        2.4    Forfeiture, Termination and Cancellation upon Termination of Services. Notwithstanding any contrary provision of this Agreement, upon the Participant’s
          Termination of Services for any or no reason, the then-unvested RSUs subject to this Agreement will be automatically forfeited, terminated and cancelled as of such date without payment of any consideration by the Company, and the Participant, or
          the Participant’s beneficiary or personal representative, as the case may be, shall have no further rights hereunder. For the avoidance of doubt, except as otherwise provided by the Administrator, no RSUs shall vest following the Participant’s
          Termination of Services.

        

        

        2.5    Payment after Vesting. As soon as administratively practicable, and, in any event, within sixty (60) days, following the
          vesting of any Restricted Share Units pursuant to Section 2.3 or Section 3.2, the Company shall deliver to the Participant a number of Shares (either by delivering one or more certificates for such shares or by entering such shares in book entry
          form, as determined by the Company in its sole discretion) equal to the number of Restricted Share Units subject to this Award that vest on the applicable vesting date, unless such Restricted Share Units terminate prior to the given vesting date
          pursuant to Section 2.4. Notwithstanding the foregoing, in the event Shares cannot be issued pursuant to Section 2.9(a), (b) or (c) hereof, then the Shares shall be issued pursuant to the preceding sentence as soon as administratively practicable
          after the Administrator determines that Shares can again be issued in accordance with Sections 2.9(a), (b) and (c) hereof; provided, however, that if the Participant is a U.S. federal taxpayer, any such delay shall apply only to the
          extent permissible under Section 409A (as defined below).

        

        

        2.6    Responsibility for Taxes.

        

        

        	

              	(a)	
                The Participant acknowledges that, regardless of any action taken by the Company or, if different, the Participant’s employer (the “Employer”), the ultimate liability for all income tax, social
                  insurance, payroll tax, fringe benefits tax, payment on account or other tax-related items related to the Participant’s participation in the Plan and legally applicable to the Participant (collectively, “Tax-Related
                    Items”) is and remains the Participant’s responsibility and may exceed the amount actually withheld by the Company or the Employer. The Participant further acknowledges that the Company and/or the Employer (i) make no
                  representations or undertakings regarding the treatment of any Tax-Related Items in connection with any aspect of the Award, including, but not limited to, the grant, vesting or payment of the RSUs, the issuance of Shares, the subsequent
                  sale of Shares and the receipt of any dividends; and (ii) do not commit to and are under no obligation to structure the terms of the RSUs or any aspect of the RSUs to reduce or eliminate the Participant’s liability for Tax-Related Items
                  or achieve any particular tax result. Further, if the Participant has become subject to tax in more than one jurisdiction, the Participant acknowledges that the Company and/or the Employer (or former employer, as applicable) may be
                  required to withhold or account for Tax-Related Items in more than one jurisdiction.

              

        

        

        
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              	(b)	
                Prior to any relevant taxable or tax withholding event, as applicable, the Participant will pay or make arrangements satisfactory to the Company and/or the Employer to fulfill all Tax-Related Items. In this regard, the Participant
                  authorizes the Company and/or the Employer, or their respective agents, at their discretion, to satisfy any applicable withholding obligations with regard to all Tax-Related Items by one or a combination of the following:

              

        

        

        	

              	(i)	
                withholding from the Participant’s salaries or other cash compensation paid to the Participant by the Company and/or the Employer;

              

        

        

        	

              	(ii)	
                requiring the Participant to tender payment in cash, check or wire transfer of the Tax-Related Items to the Company or the Employer;

              

        

        

        	

              	(iii)	
                withholding from proceeds of the sale of Shares acquired upon payment of the RSUs either through a voluntary sale or through a mandatory sale arranged by the Company (on the Participant’s behalf pursuant to this authorization without
                  further consent);

              

        

        

        	

              	(iv)	
                withholding Shares to be issued upon payment of the RSUs (“net-share withholding”), provided, however, that if the Company is subject to Section 16 of the Exchange Act and the Participant is a
                  Section 16 officer of the Company under the Exchange Act, then applicable withholding obligations for Tax-Related Items will be settled by withholding Shares in accordance with this subsection (iv) or, alternatively, the Committee (as
                  constituted in accordance with Rule 16b-3 under the Exchange Act) shall establish the method of withholding from alternatives (i)-(iii) herein; and/or

              

        

        

        	

              	(v)	
                any other method of withholding determined by the Company and permitted by applicable law.

              

        

        

        	

              	(c)	
                Depending on the withholding method, the Company may withhold or account for Tax-Related Items by considering applicable minimum statutory withholding amounts or, to the extent permitted under the Plan, other applicable withholding
                  rates, including maximum applicable rates in the Participant’s jurisdiction(s) in which case the Participant will receive a refund of any over-withheld amount in cash and will have no entitlement to the equivalent amount in Shares. If the
                  obligation for Tax-Related Items is satisfied by withholding in Shares, for purposes of calculating the Tax-Related Items and determining the number of Shares that have been delivered in accordance with Section 2.5 above, the Participant
                  will be deemed to have been issued the full number of Shares subject to the vested RSUs, notwithstanding that a number of the Shares are held back solely for the purpose of paying the Tax-Related Items.

              

        

        

        	

              	(d)	
                The Company may refuse to deliver the Shares or the proceeds of the sale of Shares, if the Participant fails to comply with the Participant's obligations in connection with the Tax-Related Items.

              

        

        

        	

              	(e)	
                The Participant agrees to indemnify the Company and/or its affiliates and hold them harmless against and from any and all liability for any such Tax-Related Item or interest or penalty thereon, including without limitation, liabilities
                  relating to the necessity to withhold, or to have withheld, any such Tax-Related Items from any payment made to the Participant for which the Participant is responsible.

              

        

        

        
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        2.7    Section 409A. The RSUs are not intended to constitute “nonqualified deferred compensation” within the meaning of Section 409A of the U.S. Internal Revenue Code of
          1986, as amended (the “Code”, and together with any U.S. Department of Treasury regulations and other interpretive guidance issued thereunder, including without limitation any such regulations or other
          guidance that may be issued after the date hereof, “Section 409A”). However, notwithstanding any other provision of the Plan, the Grant Notice or this Agreement, if at any time the Participant is a U.S.
          federal taxpayer and the Administrator determines that the RSUs (or any portion thereof) may be subject to Section 409A, the Administrator shall have the right in its sole discretion (without any obligation to do so or to indemnify the
          Participant or any other person for failure to do so) to adopt such amendments to the Plan, this Agreement or the Grant Notice or adopt other policies and procedures (including amendments, policies and procedures with retroactive effect), or take
          any other actions, as the Administrator determines are necessary or appropriate either for the RSUs to be exempt from the application of Section 409A or to comply with the requirements of Section 409A. Notwithstanding the foregoing, the Company
          makes no representation that the grant, vesting, or payment of the RSUs provided for under this Agreement will be exempt from or compliant with Section 409A and the Company will have no liability to the Participant or any other party if such
          grant, vesting or payment of RSUs is not so exempt or compliant or for any action taken by the Company with respect thereto.

        

        

        2.8    Rights as Shareholder. The holder of the RSUs shall not be, nor have any of the rights or privileges of, a shareholder of the Company, including, without
          limitation, any dividend rights and voting rights, in respect of the RSUs and any Shares underlying the RSUs and deliverable hereunder unless and until such Shares shall have been actually issued by the Company and held of record by such holder
          (as evidenced by the appropriate entry on the books of the Company or of a duly authorized transfer agent of the Company). No adjustment will be made for a dividend or other right for which the record date is prior to the date the Shares are
          issued, except as provided in Section 10.1 of the Plan.

        

        

        2.9    Conditions to Delivery of Shares. The Shares deliverable hereunder, or any portion thereof, may be either previously authorized but unissued Shares or issued
          Shares which have then been reacquired by the Company. Such Shares shall be fully paid and non-assessable. The Company shall not be required to issue or deliver any Shares deliverable hereunder or portion thereof prior to fulfillment of all of
          the following conditions:

        

        

        (a)    The admission of such Shares to listing on all stock exchanges on which such Shares are then listed;

        

        

        (b)    The completion of any registration or other qualification of such Shares under any applicable law, rule or regulation, which the Administrator shall, in its absolute
          discretion, deem necessary or advisable;

        

        

        (c)    The obtaining of any approval or other clearance from any local, state, federal or foreign governmental agency which the Administrator shall, in its absolute discretion,
          determine to be necessary or advisable;

        

        

        (d)    The receipt by the Company or the Employer of any Tax-Related Items required to be withheld by the Company or any affiliate thereof, as further described in Section 2.6
          hereof; and

        

        

        (e)    The lapse of such reasonable period of time following the vesting of any Restricted Share Units as the Administrator may from time to time establish for reasons of
          administrative convenience.

        

        

        
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        ARTICLE III

         

          

        OTHER PROVISIONS

        

        

        3.1    Administration. The Administrator shall have the power to interpret the Plan and this Agreement and to adopt such rules for the administration, interpretation and
          application of the Plan as are consistent therewith and to interpret, amend or revoke any such rules, as further set out in Section 3 to the Plan. All actions taken and all interpretations and determinations made by the Administrator in good
          faith shall be final and binding upon the Participant, the Company and all other interested persons. No member of the Administrator shall be personally liable for any action, determination or interpretation made in good faith with respect to the
          Plan, this Agreement, the RSUs or the Shares.

        

        

        3.2     Adjustments upon Specified Events. The Administrator may accelerate payment and vesting of the Restricted Share Units in such circumstances as it, in its sole
          discretion, may determine; provided, however, such acceleration is only permitted to the extent it does not trigger a violation of Section 409A. In addition, upon the occurrence of certain events relating to the Shares contemplated by Section
          10.1 of the Plan, the Administrator shall make such adjustments the Administrator deems appropriate in the number of Restricted Share Units then outstanding and the number and kind of securities that may be issued in respect of the Restricted
          Share Units. The Participant acknowledges that the RSUs are subject to modification and termination in certain events as provided in this Agreement and the Plan.

        

        

        3.3    Grant is Not Transferable. During the lifetime of the Participant, this grant and the rights and privileges conferred hereby will not be transferred, assigned,
          pledged or hypothecated in any way (whether by operation of law or otherwise) and will not be subject to sale under execution, attachment or similar process. Upon any attempt to transfer, assign, pledge, hypothecate or otherwise dispose of the
          RSUs, or any right or privilege conferred hereby, or upon any attempted sale under any execution, attachment or similar process, the RSUs and the rights and privileges conferred hereby immediately will become null and void. Notwithstanding
          anything herein to the contrary, this Section 3.3 shall not prevent transfers by will or applicable laws of descent and distribution.

        

        

        3.4    Binding Agreement. Subject to the limitation on the transferability of the RSUs contained herein, this Agreement will be binding upon and inure to the benefit of
          the heirs, legatees, legal representatives, successors and assigns of the parties hereto.

        

        

        3.5    Notices. Any notice to be given under the terms of this Agreement to the Company shall be addressed to InMode Ltd., Tavor Building, Sha'ar Yokneam, P.O. Box 533,
          Yokneam 2069206, Israel, Attention: Chief Financial Officer, or such other address as the Company may from time to time specify. All notices to be given to the Participant shall be addressed to the Participant at the Participant's address in the
          Company's records.

        

        

        3.6    Titles. Titles provided herein are for convenience only and are not to serve as a basis for interpretation or construction of this Agreement.

        

        

        3.7    Governing Law; Severability. The laws of the State of Israel shall govern the interpretation, validity, administration, enforcement and performance of the terms
          of this Agreement regardless of the law that might be applied under principles of conflict of laws. The Participant may only exercise his or her rights in respect of the Plan, this Agreement and these RSUs to the extent that it would be lawful to
          do so, and the Company would not, in connection with this Agreement, be in breach of the laws of any jurisdiction to which the Participant may be subject. The Participant shall be solely responsible to seek advice as to the laws of any
          jurisdiction to which he or she may be subject, and participation in the Plan by the Participant shall be on the basis of a warranty by the Participant that the Participant may lawfully so participate without the Participant being in breach of
          the laws of any such jurisdiction. In addition, the provisions of this Agreement are severable and if any one or more provisions are determined to be illegal or otherwise unenforceable, in whole or in part, the remaining provisions shall
          nevertheless be binding and enforceable.

        

        

        
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        3.8    Conformity to Securities Laws. Participant acknowledges that the Plan and this Agreement are intended to conform to the extent necessary with all provisions of
          the U.S. Securities Act of 1933, as amended, and all rules and regulations promulgated thereunder (the “Securities Act”) and the U.S. Securities Exchange Act of 1934, as amended (the “Exchange Act”) and any and all regulations and rules promulgated by the U.S. Securities and Exchange Commission thereunder and state securities laws and regulations. Notwithstanding anything herein to the
          contrary, the Plan shall be administered, and the RSUs are granted, only in such a manner as to conform to such laws, rules and regulations, and the Company is under no obligation to register or qualify the Shares with any state, federal or
          foreign securities commission or to seek approval or clearance from any governmental authority for the issuance or sale of the Shares. To the extent permitted by applicable law, the Plan and this Agreement shall be deemed amended to the extent
          necessary to conform to such laws, rules and regulations.

        

        

        3.9    Amendments, Suspension and Termination. To the extent permitted by the Plan, this Agreement may be wholly or partially amended or otherwise modified, suspended or
          terminated at any time or from time to time by the Administrator, provided, however, that, except as may otherwise be provided by the Plan and this Agreement, no amendment, modification, suspension or
          termination of this Agreement shall adversely effect the RSUs in any material way without the prior written consent of the Participant.

        

        

        3.10    Successors and Assigns. The Company may assign any of its rights under this Agreement to single or multiple assignees, and this Agreement shall inure to the
          benefit of the successors and assigns of the Company. Subject to the restrictions on transfer herein set forth in Sections 3.2 and 3.3 hereof, this Agreement shall be binding upon the Participant and his or her heirs, executors, administrators,
          successors and assigns.

        

        

        3.11    Limitations Applicable to Section 16 Persons. Notwithstanding any other provision of the Plan or this Agreement, if the Participant is subject to Section 16 of
          the Exchange Act, the Plan, the RSUs and this Agreement shall be subject to any additional limitations set forth in any applicable exemptive rule under Section 16 of the Exchange Act (including any amendment to Rule 16b-3 of the Exchange Act)
          that are requirements for the application of such exemptive rule. To the extent permitted by applicable law, the Company shall have unilateral authority to amend this Agreement without the Participant’s consent to the extent necessary to comply
          with Section 16 of the Exchange Act, including any such applicable exemptive rule.

        

        

        3.12    Not a Contract of Employment. Nothing in this Agreement or in the Plan shall confer upon the Participant any right to continue to serve as an employee, director,
          consultant, contractor or other service provider of the Company or any affiliate thereof, or be interpreted as forming or amending an employment or service contract with the Company or any affiliate thereof and shall not interfere with or
          restrict in any way the rights of the Company and its affiliates, which rights are hereby expressly reserved, to discharge or terminate the services of the Participant at any time for any reason whatsoever, with or without cause, except to the
          extent expressly provided otherwise in a written agreement between the Company or an affiliate thereof and the Participant.

        

        

        
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        3.13    Entire Agreement. The Plan, the Grant Notice and this Agreement (including all Exhibits thereto) constitute the entire agreement of the parties and supersede in
          their entirety all prior undertakings and agreements of the Company and the Participant with respect to the subject matter hereof.

        

        

        3.14    Limitation on Participant’s Rights. Participation in the Plan confers no rights or interests other than as herein provided. This Agreement creates only a
          contractual obligation on the part of the Company as to amounts payable and shall not be construed as creating a trust. Neither the Plan nor any underlying program, in and of itself, has any assets. The Participant shall have only the rights of a
          general unsecured creditor of the Company with respect to amounts credited and benefits payable, if any, with respect to the RSUs, and rights no greater than the right to receive the Shares as a general unsecured creditor with respect to RSUs, as
          and when payable hereunder.

        

        

        3.15    Nature of Grant. In accepting the grant of RSUs, the Participant acknowledges, understands and agrees that:

        

        

        	

              	(a)	
                the Plan is established voluntarily by the Company, it is discretionary in nature, and may be amended, suspended or terminated by the Company at any time, to the extent permitted by the Plan;

              

        

        

        	

              	(b)	
                the grant of the RSUs is exceptional, voluntary and occasional and does not create any contractual or other right to receive future grants of restricted share units or other type of Awards, or benefits in lieu of restricted share
                  units, even if RSUs or other type of Awards have been granted in the past;

              

        

        

        	

              	(c)    	
                all decisions with respect to future restricted share units or other grants, if any, will be at the sole discretion of the Company;

              

        

        

        	

              	(d)	
                the Participant is voluntarily participating in the Plan;

              

        

        

        	

              	(e)	
                the RSUs and any Shares underlying the RSUs, and the income from and value of same, are not intended to replace any pension rights;

              

        

        

        	

              	(f)	
                unless otherwise agreed with the Company, the RSUs and the Shares underlying the RSUs, and the income from and value of same, are not granted as consideration for, or in connection with, the service the Participant may provide as a
                  director of an affiliate;

              

        

        

        	

              	(g)	
                the RSUs and any Shares underlying the RSUs, and the income from and value of same, are not part of normal or expected compensation for any purpose, including, without limitation, calculating any severance, resignation, termination,
                  redundancy, dismissal, end-of-service payments, bonuses, long-service awards, holiday pay, pension or retirement or welfare benefits or similar payments;

              

        

        

        
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              	(h)	
                the future value of the Shares underlying the RSUs is unknown, indeterminable, and cannot be predicted with certainty;

              

        

        

        	

              	(i)	
                no claim or entitlement to compensation or damages shall arise from forfeiture of the RSUs resulting from the termination of the Participant’s employment or service relationship (for any reason whatsoever, whether or not later found to
                  be invalid or in breach of employment laws in the jurisdiction where the Participant is employed or the terms of the Participant’s employment agreement, if any);

              

        

        

        	

              	(j)	
                for purposes of the RSUs, the Participant’s right to vest in the RSUs under the Plan, if any, will terminate as of the date of the Participant’s Termination of Services (regardless of the reason for such termination and whether or not
                  later found to be invalid or in breach of employment laws in the jurisdiction where the Participant is employed or providing services or the terms of Participant’s employment or service agreement, if any). The Administrator shall have the
                  exclusive discretion to determine when the Participant has a Termination of Services for purposes of the RSUs (including whether the Participant may still be considered to be providing services while on a leave of absence); and

              

        

        

        	

              	(k)	
                neither the Company, the Employer nor any affiliate thereof shall be liable for any foreign exchange rate fluctuation between the Participant’s local currency and the United States Dollar that may affect the value of the RSUs or of any
                  amounts due to the Participant pursuant to the payment of the RSUs or the subsequent sale of any Shares acquired upon settlement.

              

        

        

        3.16    Data Privacy.

         

        

        	

              	(a)    	
                Data Collection and Usage. The Company and the Employer may collect, process and use certain personal information about the Participant, including, the Participant’s name, home address and telephone number, email address, date
                  of birth, social insurance number, passport or other identification number, salary, bank account details, nationality, job title, any shares of stock or directorships held in the Company, details of all Restricted Share Units or any other
                  entitlement to shares of stock awarded, canceled, exercised, vested, unvested or outstanding in the Participant’s favor (“Data”), for the purposes of implementing, administering and managing the
                  Plan. The legal basis, where required, for the processing of Data is the Participant’s consent.

              

        

        

        	

              	(c)	
                Share Plan Administration Service Providers. The Company transfers Data to Altshuler Shaham Trusts Ltd., and its affiliated companies (“Altshuler”), an independent service provider based
                  in Israel, which is assisting the Company with the implementation, administration and management of the Plan. In the future, the Company may select a different service provider and share Data with such other provider serving in a similar
                  manner. The Participant may be asked to agree on separate terms and data processing practices with the service provider, with such agreement being a condition to the ability to participate in the Plan.

              

        

        

        
          - 12 -

          
            

        

        	

              	(d)	
                International Data Transfers. The Company and its service providers are based in Israel and the United States. The Participant’s country or jurisdiction may have different data privacy laws and protections than Israel and the
                  United States. The Company's legal basis, where required, for the transfer of Data is Participant’s consent.

              

        

        

        	

              	(e)	
                Data Retention. The Company will hold and use the Data only as long as is necessary to implement, administer and manage the Participant’s participation in the Plan, including any required transfer of such Data to a broker,
                  escrow agent or other third party with whom the Shares may be deposited, or as required to comply with legal or regulatory obligations, including under tax and security laws.

              

        

        

        	

              	(f)	
                Voluntariness and Consequences of Consent Denial or Withdrawal. Participation in the Plan is voluntary and the Participant is providing the consents herein on a purely voluntary basis. If the Participant does not consent, or if
                  the Participant later seeks to revoke the Participant’s consent, the Participant’s salary from or employment and career with the Employer will not be affected; the only consequence of refusing or withdrawing the Participant’s consent is
                  that the Company would not be able to grant this Award or other Awards to the Participant or administer or maintain such Awards.

              

        

        

        By accepting the Award, the Participant is declaring that he or she agrees with the data processing practices described herein and consents to the collection, processing and
          use of Data by the Company and the transfer of Data to the recipients mentioned above, including recipients located in countries which may not have the same level of protection as the Participant’s country, for the purposes described above.

        

        

        Finally, the Participant understands that the Company may rely on a different legal basis for the processing or transfer of Data in the future and/or request that the
          Participant provide another data privacy consent form. If applicable and upon request of the Company, the Participant agrees to provide an executed acknowledgement or data privacy consent form to the Employer or the Company (or any other
          acknowledgements, agreements or consents that may be required by the Employer or the Company) that the Company and/or the Employer may deem necessary to obtain under the data privacy laws in the Participant’s country, either now or in the future.
          The Participant understands that he or she will not be able to participate in the Plan if he or she fails to execute any such acknowledgement, agreement or consent requested by the Company and/or the Employer.

        

        

        3.17    Insider Trading Restrictions / Market Abuse Laws. The Participant may be subject to insider trading restrictions and/or market abuse laws in applicable
          jurisdictions, including, but not limited to, the United States and the Participant’s country, which may affect the Participant’s ability to accept, acquire, sell or otherwise dispose of Shares, rights to Shares (e.g.,
          RSUs) or rights linked to the value of Shares under the Plan during such times as the Participant is considered to have “inside information” regarding the Company (as defined by the laws in the applicable jurisdictions). Any restrictions under
          these laws or regulations are separate from and in addition to any restrictions that may be imposed under any applicable Company insider trading policy. Neither the Company nor any affiliate thereof will be responsible for such restrictions or
          liable for the failure on the Participant’s part to know and abide by such restrictions. The Participant should consult with his or her own personal legal advisers to ensure compliance with applicable laws.

        

        

        
          - 13 -

          
            

        

        3.18    Foreign Asset / Account and Exchange Control Requirements. Depending on the Participant’s country, the Participant may be subject to foreign asset/account and/or
          exchange control reporting or other requirements which may affect the Participant’s ability to acquire or hold RSUs or Shares under the Plan or cash received from participating in the Plan in a brokerage or bank account outside the Participant’s
          country. The Participant may be required to report such RSUs, Shares, accounts, assets or transactions to the tax or other authorities in his or her country and/or repatriate funds received in connection with the Plan to the Participant's country
          within a certain time period or according to certain procedures. The Participant acknowledges that it is his or her responsibility to comply with any applicable requirements, and that the Participant should consult his or her own personal tax and
          legal advisors to ensure compliance with applicable laws.

        

        

        3.19    Electronic Delivery, Acceptance and Participation. The Company may, in its sole discretion, decide to deliver any documents related to current or future
          participation in the Plan by electronic means and the Participant hereby consents to receive such documents by electronic delivery. The Participant agrees that his or her electronic acceptance of the Award through the Company’s online acceptance
          procedure constitutes his or her acceptance of the Award and further agrees to participate in the Plan through an online or electronic system established and maintained by the Company or a third party designated by the Company.

        

        

        3.20    Clawback Policy. To the extent this Award is subject to recovery under any law, government regulation, stock exchange listing requirement or Company agreement or
          policy, this Award will be subject to such deductions and clawback as may be required to be made pursuant to such law, government regulation or stock exchange listing requirement (or any agreement or policy adopted by the Company pursuant to any
          such law, government regulation, stock exchange listing requirement or otherwise).

        

        

        3.22    Imposition of Other Requirements. The Company reserves the right to impose other requirements on the Participant’s participation in the Plan, on the RSUs and on
          any Shares acquired under the Plan, to the extent the Company determines it is necessary or advisable for legal or administrative reasons, and to require the Participant to sign any additional agreements or undertakings that may be necessary to
          accomplish the foregoing.

        

        

        3.23    Waiver. The Participant acknowledges that a waiver by the Company of breach of any provision of this Agreement shall not operate or be construed as a waiver of
          any other provision of this Agreement, or of any subsequent breach by the Participant or any other Participant.

        

        

        
          - 14 -

          
            

        

        ARTICLE IV

            

          

        SPECIAL PROVISIONS FOR RESTRICTED SHARE UNITS GRANTED TO 

        PARTICIPANTS OUTSIDE THE UNITED STATES

        

        

        
          4.1    Country-Specific Provisions. Notwithstanding any provisions in this Agreement, the grant of Restricted Share Units shall be subject to any special terms and
            conditions set forth in the Foreign Appendix. Moreover, if the Participant relocates to one of the countries included in the Foreign Appendix, the special terms and conditions for such country will apply to the Participant, to the extent the
            Company determines that the application of such terms and conditions is necessary or advisable for legal or administrative reasons. The Foreign Appendix constitutes part of this Agreement.

        

        

        

        
          4.2    Language. The Participant acknowledges that he or she is proficient in the English language, or has consulted with an advisor who is sufficiently proficient in
            English, so as to allow the Participant to understand the terms and conditions of this Agreement. If the Participant has received this Agreement, or any other documents related to the RSUs and/or the Plan translated into a language other than
            English and if the meaning of the translated version is different than the English version, the English version will control.

        

        

        

        **************************

        

        

        
          - 15 -

          
            

        

        

        

        EXHIBIT C

         

        

        TO RESTRICTED SHARE UNIT AWARD GRANT NOTICE

         

        FOREIGN APPENDIX – COUNTRY SPECIFIC PROVISIONS

        

        

        

        

      

    

  

  - 16 -Exhibit 4.12

    

     

    

    
      TURN - KEY MANUFACTURING AGREEMENT

      

      

      This Turn - Key Manufacturing Agreement (the "Agreement") is effective as of October 2nd, 2019 (the "Effective
          Date") by and between:

      

      

      INMODE LTD., with a principal place of business at Tavor Building, Shaar Yokneam, POB 330, Yokneam 2069206, Israel. Hereinafter referred to as “Customer”

      

      

      And

      

      

      B.Y MEDIMOR LTD. with a principal place of business at 1 Tzivonit st. Tiberias, Israel. Hereinafter referred to as “Contractor”

      

      

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

            

      	Whereas	
              Customer desires to buy manufacturing services;

            

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

            

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

            

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

            

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

            

      

      

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

      

      

      	1.	
              Precedence

            

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

            

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

            

      

      

      	2	
              Term

            

      This Agreement shall commence on the Effective Date and shall continue for an initial term of (3) three years as of the Effective Date. This Agreement shall
        automatically be renewed for successive one (1) year increments unless either party request in writing, at least ninety (90) days prior to the anniversary date, that this Agreement not to be renewed.

        

      

      	3.	
              Scope Of Work

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

            

      

      

      
        
          

      

      
      	4.	
              Contractor’s Obligations

            

      	4.1	
              Contractor shall provide Customer with the following services:

            

      
        
          	

                	-   

                	Material planning

        

      

      	

            	-	
              Material procurement

            

      	

            	-	
              Incoming Inspection

            

      	

            	-	
              Assembly of printed circuit boards & cables

            

      	

            	-	
              Final assembly & integration of the Product

            

      	

            	-	
              In Circuit test

            

      	

            	-	
              Functional test

            

      	

            	-	
              Packaging and delivery

            

      	4.2	
              Customer’s production facilities

            

      Contractor will be obliged to allocate to Customer, production and storage space as well as trained production and testing personnel as an integral part of
        this Agreement. During the term of this Agreement, the manufacturing services provided by the Contractor hereto shall confirm in all material respects with the ISO13485 standard.

      

      

      	5.	
              Customer’s obligations

            

      Customer will provide the following:

      	

            	-	
              Technical specifications

            

      	

            	-	
              Standard Operation Procedures

            

      	

            	-	
              Drawings

            

      	

            	-	
              Bill of Materials

            

      	

            	-	
              Approved Vendors list

            

      	

            	-	
              Gerber data, CAD files

            

      	

            	-	
              Quality requirements

            

      	

            	-	
              Technical support, as required

            

      	

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

            

      

      

      	6.	
              Material Procurement

            

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

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

            

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

            

       

      

      
        2

        
          

      

      	6.3	
              Long Lead Items

            

      In order to manage demand fluctuations Contractor shall suggest from time to time a list of LLI’s to be approved by the Customer. Contractor shall maintain
        in inventory certain quantities of LLI. “LLI” shall mean Long Lead Item materials required in order to complete manufacture and supply of Products.

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

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

            

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

            

      	

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

            

      	

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

            

      	

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

            

      	

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

            

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

            

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

      

      

      	7.	
              Forecasts and Purchase Orders

            

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

            

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

       

      

      
        3

        
          

      

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

            

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

            

      	7.4	
              Finished Goods Inventory

            

      	

            	7.4.1	
              In order to manage demand fluctuations, subject to customer’s written consent, Contractor shall maintain an amount of additional units of each Product as FGI, in a minimum level of two (2) weeks of supply and a maximum of four (4) weeks
                of supply of each Product set forth in the most recent Customer's Forecast. “FGI” shall mean rolling finished goods inventory that Contractor shall be obligated to hold in inventory for Customer in addition to any Purchase Order amounts.
                The actual quantity of FGI required to be held by Contractor will be specified on a monthly basis in a formal document provided by Customer to Contractor for this purpose. Customer shall prepay the sum of the FGI.

            

      	

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

            

      	

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

            

      	7.5	
              Customer tooling, etc.

            

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

      

      

      
        4

        
          

      

      	8.	
              Customer Liability for Forecasts

            

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

            

      	8.2	
              In the event that Customer has either cancelled or delayed delivery of a Purchase Order and Customer has not taken delivery of the Products ordered under that Purchase Order within two (2) months from the original delivery date, then:
                (i) Contractor shall submit a claim for reimbursement for such cancelled or delayed Products within thirty (30) days from the end of such three (3) month period; (ii) Customer shall be liable to pay Contractor 100% of the Contract Price of
                such cancelled or delayed Products and (iii) Contractor shall hold the cancelled or delayed Products in its inventory and make them available to Customer (upon Customer’s request) for a period of six (6) months from receipt of payment for
                such Products free of charge. 30 days before the lapse of the 6 month period, the Contractor shall notify the Customer of the upcoming lapse of the term. In the event that Customer, at its sole discretion, decides to repurchase any (or all)
                of the Products in said Period, and subject to the fulfillment of all Customer's obligations in this Sections 8.2 (i.e. 100% of the Contract Price has been paid to Contractor), then the price for such repurchase shall be 0% of the Contract
                Price. Thereafter, the Customer shall pay Contractor all direct costs in connection therewith. Provided Customer hereby authorizes Contractor to transfer such Products to a warehouse operated by Contractor or a third party as instructed by
                Customer.

            

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

            

      

      

      
        5

        
          

      

      	9.	
              Quality

            

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

            

      	9.2	
              Contractor shall maintain quality assurance standards in accordance with ISO 13485,

                 Seller’s Quality Assurance, Control and Inspection shall be in compliance with all material ISO 13485 standards during the Terms of this Agreement.

            

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

            

      

      

      	10.	
              Express Limited Warranty

            

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

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

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

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

      

      

      
        6

        
          

      

      	11.	
              Engineering Changes

            

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

            

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

      	11.2	
              Contractor shall assure quick implementation of engineering changes.

            

      

      

      	12.	
              Delivery and Inspection, Title and shipping

            

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

            

      	12.2	
              Customer will notify Contractor, from time to time, quantities of Products and

                destinations to which to ship the Products.

            

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

            

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

            

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

            

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

            

      

      

      	13.	
              Price and Price Reviews

            

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

            

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

            

       

      

      
        7

        
          

      

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

            

      	

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

            

      	

            	13.3.2	
              For price change which has cost impact greater than US $200, based on one (1)

                quarter consumption will require prior written authorization from Customer.

            

      	

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

            

      	

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

            

      	

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

            

      	13.4	
              The overhead, as indicated in Exhibit C, will not be increased during the term of this Agreement without the prior mutual consent of both Parties.

            

      

      

      	14.	
              Terms of Payments

            

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

            

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

            

      

      

      	15.	
              Termination

            

      	15.1	
              Termination for cause

            

      If either party fails to meet anyone or more of the terms and conditions as stated in either this Agreement or the Appendices, Contractor and Customer agree
        to negotiate in good faith to resolve such default. If the defaulting party fails to cure such default or submit an acceptable written plan to resolve such default within thirty (30) days following notice of default, the non-defaulting party shall
        have the right to terminate this Agreement by furnishing the defaulting party with ninety (90) days written notice of termination.

      

      

      
        8

        
          

      

      	15.2	
              Termination without cause

            

      Notwithstanding anything to the contrary stated in this Agreement, either party may terminate this Agreement at any time without cause by giving to the other
        party, not less than six (6) months written notice.

      

      

      
        	
                15.3

              	
                Termination for certain Cause

              

      

      Should either party enter into a transaction involving a Change of Ownership which end in a change of control, the other party will have the right to
        terminate this Agreement, at its sole discretion, any time by giving to the other party not less than twelves  (12) months written notice. A change in control is defined as change in ownership of at least 51 % of the company’s shares.

      

      

      	15.4	
              A Party may immediately terminate this Agreement should the other party:

            

      	

            	(i)	
              become insolvent;

            

      	

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

            

      	

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

            

      	

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

            

      

      

      	16.	
              Effect of Termination

            

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

            

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

            

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

            

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

            

      

      

      	17.	
              Dispute Resolutions

            

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

            

       

      

      
        9

        
          

      

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

            

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

            

      

      

      	18.	
              Limitation of Liability

            

      	18.1	
              Customer shall defend, indemnify and hold harmless Contractor from all claims, liabilities, costs, damages, judgments and attorney's fees resulting from or arising out of any alleged and/or actual infringement or other violation of any
                patents, patent rights, trademarks, trademark rights, trade names, trade name rights, copyrights, trade secrets, proprietary rights and processes or other such rights elated to the Product or claims relating to Customer’s instructions,
                tooling, specifications and designs (“Claims”) provided that: (i) Contractor will provide the Customer with prompt written notice of any Claim no later than ten (10) business days following receipt of
                notice by Contractor; (ii) Contractor will grant Customer sole control of the defense and settlement of Claims, taking into account any reasonable request of Contractor; and (iii) Contractor will provide Customer with reasonable assistance,
                at Customer’s sole expense. Customer assumes no liability for any Claims made by any third party to the extent that such Claims result from the use of specifications other than the Specification, unaltered by Contractor or anyone on its
                behalf. If such Claim is brought, or Customer in good faith determines a Claim is likely to be made, Customer shall notify Contractor and either: (1) procure for Contractor the right to continue to perform this Agreement; (2) modify the
                Specification so that there will no longer be an infringement or misappropriation or (3) terminate this Agreement and pay Contractor the consideration due under this Agreement for all services performed until the date of termination,
                including all payments set forth in Sections 6 and 8.

            

      	18.2	
              Contractor shall defend, indemnify and hold harmless Customer from all claims, liabilities, costs, damages, judgments and attorney's fees resulting from or arising out of any alleged and/or actual infringement or other violation of any
                patents, patent rights, trademarks, trademark rights, trade names, trade name rights, copyrights, trade secrets, proprietary rights and processes or other such rights as a result of the manufacturing methods employed by Contractor but
                excluding Claims as defined above) (“Manufacturing Claims”) provided that: (i) Customer will provide Contractor with prompt written notice of any Manufacturing Claim no later than ten (10) business
                days following receipt of notice by Customer; (ii) Customer will grant Contractor sole control of the defense and settlement of Manufacturing Claims, taking into account any reasonable request of Customer; and (iii) Customer will provide
                Contractor with reasonable assistance, at Contractor sole expense. If a Manufacturing Claim is brought, or Contractor in good faith determines a Manufacturing Claim is likely to be made, Contractor shall notify Customer and either: (1)
                procure for Customer the right to continue to perform this Agreement; (2) modify its manufacturing methods so that there will no longer be an infringement or misappropriation or (3) terminate this Agreement.

            

       

      

      
        10

        
          

      

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

            

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

            

      

      

      	19.	
              Confidentiality

            

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

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

      

      

      	20.	
              Non – Competition

            

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

            

       

      

      
        11

        
          

      

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

            

      

      

      	21.	
              General

            

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

            

      
        	
                22.2

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

              

      

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

            

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

            

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

            

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

            

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

            

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

            

       

      

      
        12

        
          

      

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

            

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

            

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

            

      

      

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

      

      

      	
              Contractor B.Y Medimor Ltd

            	
              Customer – INMODE Ltd

            
	
              Date:

            	
              Date:

            
	
              Name:

            	
              Name:

            
	
              Title:

            	
              Title:

            
	
              Signature:

            	
              Signature:

            

       

      

       

      

    

  

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