Document:

Exhibit 10.31

 

Amendment
To Debenture (Fixed Charge) - Ocu Wize

 

Amendment
To Debenture - Fixed Charge

 

This
amendment (“The Amendment”) to the Debenture - fixed charge dated October 26, 2016 (“The Debenture”)
was signed on March 28, 2017, by Ocu Wize Ltd., a private Israeli limited liability company number 515241511, organized and operating
pursuant to the laws of the State of Israel, whose address is 2 Hamanofim Street, Herzlia 4672553, Israel (Hereinafter “The
Borrower”), and Rimon Gold Assets Ltd., a private Israeli limited liability company number 514819424, organized and
operating subject to the laws of the State of Israel, whose address is 32 Habarzel Street, Tel Aviv Yafo 6971046, Israel (Hereinafter
“The Lender”), (each one “The Party” and jointly “The Parties”). All
the phrases used and which are not defined to the contrary in the amendment will assume the meaning granted to them in the Debenture.

 

The
Parties Hereby Agree As Follows:

 

		1.	Description
                                         of the amendment terms:

 

		A.	The
                                         Debenture will be amended so that the first three paragraphs will be deleted in full
                                         and will be substituted with the following text:

 

WhereasThe
Wize Pharma Ltd. Company, a public Israeli limited liability company number 520033259, organized and operating pursuant to the
laws of the State of Israel, whose address is 2 Hamanofim Street, Herzlia 4672553, Israel (Hereinafter “Wize Pharma”),
received from the Rimon Gold Assets Ltd. company, a private Israeli limited liability company number 514819424, , organized and
operating subject to the laws of the State of Israel, whose address is 32 Habarzel Street, Tel Aviv Yafo 6971046, Israel (Hereinafter
“The Lender”), a loan convertible to shares of a sum of NIS 2,000,000 (in words, Two Million NIS) accruing
interest of a rate of 4% per year, in connection with, for purposes and conditions stated in the specific convertible loan agreement
signed between the lender and Wize Pharma on 20 of the month of March 2016 (Hereinafter: as amended, revised, modified and substituted
from time to time, in accordance with its terms, “The First Loan Agreement”), and intends on receiving additional
loans from the Lender in connection with, for the purposes and terms stipulated in the specific convertible loan agreement that
was signed between the Lender and Wize Pharma on January 12, 2017 (Hereinafter: as amended, revised, modified and substituted
from time to time, in accordance with its terms, “The Second Loan Agreement”, and together with the first loan
agreement, “The Loan Agreement”);

 

And
WhereasIn accordance with Section 5.3 of the first loan agreement, Wize Pharma assigned its rights to the undersigned
Ocu Wize Ltd Company a private Israeli limited liability company Number 515241511, organized and operating subject to the
laws of the State of Israel, whose address is 2 Hamanofim Street, Herzlia 4672553, Israel (c/o Wize Pharma), and which is a
subsidiary company fully owned and controlled by Wize Pharma (Hereinafter: "The Borrower" or "The
Subsidiary Company") (Hereinafter: "The Assignment");

 

And
WhereasAs a condition precedent to the assignment as stated in Section 5.3 of the first loan agreement, those charges in favor
of the Lender as in effect for Wize Pharma and which were created on March 20, 2016 and recorded with the Companies Registrar
on March 30, 2016 will also be recorded with the subsidiary company;

 

     

     

    

 

		B.	The
                                         Debenture will be amended so that Section 23 will be deleted in full and will be substituted
                                         with the following text:

 

“All
the registration expenses associated with this Debenture pursuant to the details in the loan agreement and in any other document
signed and/or to be signed between the Lender and the Borrower in connection with the loan (as defined under the loan agreement)
and in accordance thereto, including commission charged in connection with stamp duty and registration of documents, and all expenses
associated with realizing the security and extending collection proceedings (including the Lender’s attorneys fees), insurance,
safekeeping, maintenance and repair of the charged property - will be paid to the Lender by the Borrower upon the Lender presenting
the first demand to do so, and all the expenses stated above will be secured by this Debenture until they are fully paid. The
Lender may charge the Lender for all the expenses noted above. It is clarified that the provisions above do not derogate from
the provisions in the loan agreement relating to a payment and/or repayment.”

 

		2.	Unless
                                         as expressly stated above, the Debenture terms will not be modified in any manner pursuant
                                         to this amendment and all the aforementioned terms will continue to be in full effect.

 

		3.	This
                                         amendment was made in accordance with Section 27 of the Debenture and constitutes (together
                                         with the appendix attached to it) an integral part of the Debenture.

 

 

 

 

 

 

 

[Signatures
page on the following page]

 

    	 	-2-	 

     

    

 

In witness whereof, the parties signed this amendment on the date appearing at the top of this amendment.

  

	 	/s/
    Or Eisenberg	 	 	/s/
    Abir Raveh
	 	 	 	 	 
	By:	Or Eisenberg	 	By:	Abir
    Raveh
	 	 	 	 	 
	Position:	Director	 	Position:	Director

 

 

-3-Exhibit 10.32

 

IRREVOCABLE
GUARANTY AND UNDERTAKING

 

The
undersigned, __________ (“Guarantor”), is entering into this Irrevocable Guaranty and Undertaking (this “Guaranty”),
effective as of ________ [insert date of closing of Merger Agreement] (the “Effective Date”), for good
and valuable consideration, the sufficiency and receipt of which are hereby acknowledged, and agrees with, and irrevocably undertakes
to, Rimon Gold Assets Ltd. (“Lender”), as follows:

 

WHEREAS,
Guarantor is the sole shareholder of Wize Pharma Ltd. (“Borrower”);

 

WHEREAS,
Borrower and Lender are parties to that certain (i) Convertible Loan Agreement dated as of March 20, 2016 (as amended on March
30, 2016, the “First Loan Agreement”), and (ii) Convertible Loan Agreement dated as of January 12, 2017 (as assigned
to the Lender, the “Second Loan Agreement” and together with the First Loan Agreement, the “Loan Agreement”;
and the loans granted to Borrower thereunder, together with the interest accrued thereon, being referred to herein collectively
as the “Loan Amount”);

 

WHEREAS,
on May __, 2017, Lender provided its consent letter to Borrower (the “Consent Letter”) in connection with the
Loan Agreement and the Merger Agreement (as defined therein) that contemplated the execution of this Guarantee;

 

NOW,
THEREFORE, with reference to the above recitals and in reliance thereon, and intending to be legally bound hereby, Guarantor agrees
as follows:

 

Section
1. Term. This Guarantee, and the Guarantor’s obligations hereunder, is effective as of the Effective Date and shall terminate
and expire only upon the time that all Obligations (as defined below) are discharged in full, including without limitation, the
full and timely repayment of the Loan Amount to Lender in accordance with the Loan Agreement (including by way of conversion thereof
into shares of Guarantor as contemplated by the Consent Letter). Notwithstanding the foregoing and any provision of the Loan Agreement
to the contrary, the liability of Guarantor hereunder shall be reinstated and revived and the rights of Lender shall continue
if and to the extent that for any reason any payment by or on behalf of Guarantor or Borrower is rescinded or must be otherwise
restored by Lender, whether as a result of any proceedings in bankruptcy or reorganization or otherwise, all as though such amount
had not been paid.

 

Section
2. Representations and Warranties. Guarantor hereby represents and warrants to Lender as follows: (a) it is a company duly
incorporated and validly existing and in good standing under the laws of its jurisdiction; (b) it has all necessary power and
authority to enter into and to perform its obligations under this Guarantee, and the execution, delivery and performance by Guarantor
of this Guarantee has been duly authorized by all necessary corporate action on the part of Guarantor; (c) this Guarantee constitutes
the legal, valid and binding obligation of Guarantor, enforceable against it in accordance with its terms, and (d) there is no
action, suit or proceeding affecting Guarantor pending or, to Guarantor’s knowledge, threatened before any court, arbitrator,
or governmental authority which is or is reasonably likely to have a material adverse effect on the ability of Guarantor to perform
its obligations under this Guaranty. Guarantor undertakes to Lender that all representations and warranties contained in this
Guaranty shall be true at the time of Guarantor’s execution of this Guaranty, and shall continue to be true so long as this
Guaranty remains in effect.

 

Section
3. Guaranty. Guarantor hereby unconditionally, absolutely, continuously and irrevocably guarantees to Lender, the full
performance when due of, and compliance with, all covenants, obligations, agreements and undertakings, whether now in existence
or hereafter arising, of Borrower to Lender pursuant to the Loan Agreement, including, without limitation, the repayment of the
Loan Amount to Borrower in accordance with the Loan Agreement and any and all expenses of Lender involved in the realization of
the collateral security and institution of proceedings for collection (the “Obligations”).

 

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Section
4. Nature of Guaranty. The obligation of Guarantor to Lender hereunder is irrevocable, absolute, continuing and unconditional.
This Guaranty is a guaranty of performance and payment and not just collection. The obligations of Guarantor provided herein are
independent of Borrower’s obligations and separate actions may be brought against Guarantor. The obligations of Guarantor
hereunder shall not be in any way discharged, released, or impaired or otherwise affected, and the rights of Lender hereunder
shall not be in any way diminished or otherwise affected, by (i) any insolvency or bankruptcy of Borrower; (ii) any failure or
delay on the part of Lender, whether with or without fault on its part, in enforcing the Obligations; (iii) the existence of any
claims, set-off or other rights which Guarantor may have at any time against Borrower, whether in connection herewith or any unrelated
transactions; (iv) each and every other defense to which Guarantor might be entitled or any other circumstances which might be
deemed to constitute a legal or equitable defense of Guarantor; it being understood, however, that the liability of Guarantor
to cause the performance of the Obligations shall be subject to the express provisions, including any limitations, exculpations
or adjustments, contained in the Loan Agreement and that all defenses, claims, counterclaims, rights, benefits and privileges
of the Borrower shall be unconditionally available also to the Guarantor as if they were originally granted to the Guarantor.
This Guaranty is also subject to the following limitations: (a) Lender may only make a demand under this Guaranty upon or after
the occurrence of a breach of the Loan Agreement and provided that such demand is simultaneously made to Borrower; and (b) Guarantor
shall be entitled to raise any defenses available to the Borrower.

 

Section
5. General Waivers. The Guarantor hereby acknowledges and/or waives: (a) any right it may have under Section 12 of the
Israeli Guarantee Law to receive title and interest to any lien granted by Borrower to Lender, and the provisions of Section 12
of the Israeli Guarantee Law shall not apply to the Guarantor or to this Guaranty; and (b) any right it may have under Section
15 of the Israeli Guarantee Law to revoke this Guaranty, whether or not any obligation of Borrower has been created or matured,
and the provisions of Section 15 of the Israeli Guarantee Law shall not apply to the Guarantor or to this Guaranty. Without derogating
from the last sentence of Section 4, Guarantor hereby consents and agrees that, without notice to or by Guarantor and without
affecting or impairing in any way the obligations or liability of Guarantor hereunder, Lender may, from time to time before or
after revocation of this Guaranty, do any one or more of the following in Lender’s sole and absolute discretion: (a) accelerate,
accept partial payments of, compromise or settle, renew, extend the time for the payment, discharge, or performance of, refuse
to enforce, and release all or any parties to, any or all of the Obligations; (b) grant any other indulgence to Borrower
or any other person in respect of any or all of the Obligations or any other matter; (c) accept, release, waive, surrender,
enforce, exchange, modify, impair, or extend the time for the performance, discharge, or payment of, any and all property of any
kind securing any or all of the Obligations or any guaranty of any or all of the Obligations, or on which Lender at any time may
have a lien, or refuse to enforce its rights or make any compromise or settlement or agreement therefor in respect of any or all
of such property; (d) substitute or add, or take any action or omit to take any action which results in the release of, any
one or more endorsers or guarantors of all or any part of the Obligations, regardless of any destruction or impairment of any
right of contribution or other right of Guarantor; and (e) amend, alter or change in any respect whatsoever any term or provision
relating to any or all of the Obligations, including the rate of interest thereon.

 

Section
6. Guarantor Additional Undertakings. Guarantor hereby further undertakes that it shall not, without the prior written
consent of Lender, take any of the following actions:

 

		(a)	declare
                                         or pay any dividends (other than a stock dividend or stock split or reverse split) or
                                         make any distributions to its shareholders, including by way of repurchasing any shares
                                         of Guarantor;
	 	 	 
		(b)	incur
                                         or assume any indebtedness for borrowed money, other than (i) trade payables incurred
                                         in the ordinary course of business, and (ii) indebtedness that is effectively subordinated
                                         to the Obligations guaranteed hereunder under a subordination agreement reasonably acceptable
                                         to Lender;
	 	 	 
		(c)	issue
                                         or create any lien or encumbrance in connection with any indebtedness for borrowed money,
                                         except for liens and encumbrances that are (i) purchase
                                         money security interests for equipment leases, (ii) effectively subordinated to
                                         the Obligations guaranteed hereunder under a subordination agreement reasonably acceptable
                                         to Lender, or (iii) in the ordinary course of business;
	 	 	 
		(d)	make
                                         any loan or other extension of credit to any person that is not wholly owned by Guarantor,
                                         except for loans and other extensions of credit granted in the ordinary course of business;

 

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		(e)	materially
                                         change the general nature of its business;
	 	 	 
		(f)	consummate,
                                         by way of merger, consolidation or otherwise, any change of control of Borrower;
                                         or
	 	 	 
		(g)	sell
                                         or otherwise dispose of any of its material assets or rights, other than in the ordinary
                                         course of business.

 

Section
7. Taxes. The applicable provisions of the Loan Agreement concerning taxes shall apply hereunder, mutatis mutandis.

 

Section
8. Subordination. Any indebtedness or other monetary obligation of Borrower now or hereafter held by or owing to Guarantor
is hereby subordinated in time and right of payment to all obligations of Borrower to Lender.

 

Section
9. Payment of Expenses. Guarantor shall pay, promptly on demand, all expenses incurred by Lender in enforcing this Guaranty.

 

Section
10. General. This Guaranty shall inure to the benefit of and shall be enforceable by Lender and its permitted successors
and assigns. This Guaranty shall not be assigned by Guarantor without the prior written approval of Lender. If any term or provision
hereof is declared to be illegal or invalid for any reason whatsoever, such illegality or invalidity shall not affect the balance
of the terms and provisions hereof, which terms and provisions shall remain binding and enforceable. This Guaranty constitutes
the full and entire understanding and agreement between the Guarantor and the Lender with regard to the subject matters hereof,
and supersedes any prior understandings or agreements by or among such parties, written or oral, to the extent they relate in
any way to the subject matter hereof. Any term of this Guaranty may be amended and the observance of any term of this Guaranty
may be waived only with the written consent of the Guarantor and the Lender. No failure on the part of Lender to exercise, no
delay in exercising and no course of dealing with respect to, any right hereunder shall operate as a waiver thereof; nor shall
any single or partial exercise of any right hereunder preclude any other or further exercise thereof or the exercise of any other
right. The remedies herein provided are cumulative and not exclusive of any remedies provided by law. This Guaranty may be executed
in one or more counterparts, each of which shall be deemed an original.

 

[SIGNATURE
PAGE FOLLOWS]

 

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IN
WITNESS WHEREOF, this Guaranty has been executed effective as of the Effective Date set forth above.

 

	Guarantor:	 
	 	 
	Wize Pharma Inc.	 
	 	 	 
	By:	 	 
	Name:	        	 
	Title:	 	 
	 	 	 
	Lender:	 	 
	 	 	 
	Rimon Gold Assets Ltd.	 
	 	 
	By:	 	 
	Name:	 	 
	Title:	 	 

 

 

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