Document:

Exhibit 4.9

 

BRIDGE LOAN AGREEMENT

 

THIS BRIDGE LOAN
AGREEMENT (this “Agreement”) is dated March 19, 2019 (the “Effective Date”) and made
by and between B.O.S. Better Online Solutions Ltd., an Israeli company, registration number 52-004256-5, with its registered
office at 20 Freiman St., Rishon Lezion POB 198, 75101, Israel (the “Lender”); and Imdecol Ltd., a private
Israeli company, registration number 51-268769-0, with its registered office at 11 Amal St. Rosh Ha’ayin 4809239, Israel
(the “Borrower”). Capitalized terms used but not defined herein shall have the meanings assigned to the in the
APA (as defined below).

 

Whereas
the parties are entering into an Asset Purchase Agreement by and between
the Lender and the Borrower dated as of even date hereof (the “APA”)
for the purchase by Lender of certain assets of the Borrower and which contemplates a purchase price to be paid in cash and ordinary
shares of the Lender as more fully provided in the APA;

 

WHEREAS, the
parties agreed that upon execution of the APA the Company shall provide Borrower with a bridge loan intended to be an advance on
account of the consideration payable at the Closing; and 

 

WHEREAS, a condition
for the provision of the loan under the this Agreement is that the shareholders of the Borrower (the “Pledgors”)
and the Lender enter into a Pledge Agreement dated as of even date hereof (the “Pledge Agreement”) and grant
Lender, as security for the Secured Obligations (as defined in the Pledge Agreement), a first degree fixed pledge over the all
of the Pledgors’ shares in the Borrower (the “Pledged Shares”) and to execute and deliver to the Company
the Pledge Documents (as defined below).

 

Now,
therefore the parties hereto agree as follows:

 

1. DEFINITIONS
AND INTERPRETATION

 

1.1. In
this Agreement:

 

“Business
Day” means a day (other than a Friday or Saturday) on which banks are open for general business in the State of Israel.

 

“Unpaid
Sum” means any sum due and payable but unpaid by the Borrower to the Lender under this Agreement.

 

1.2. Construction.
The preamble to this Agreement forms an integral part hereof. Section and Clause headings are for ease of reference only.

 

2. Provision
of the Loan

 

2.1. Upon
execution of the APA and subject to the delivery to the Company of the Pledge Documents as provided below, the Lender shall provide
the Borrower a loan in an aggregate amount of NIS 1,000,000 (the “Loan”)

 

2.2. The
Loan shall bear interest at a rate of 10% per annum, pro-rated for partial periods based on a 365 day year (the “Interest”)
to be paid by Borrower together with Value Added Tax pursuant to applicable law.

 

     

     

    

 

2.3. Prior
to the extension of the Loan each of the Pledgors shall provide to the Company a duly executed Pledge Agreement and notice to the
Registrar of Pledges Registration (Form No. 1) substantially in the form attached as Exhibits A1-2 hereto (the Pledge Documents).
The Pledgors undertake to cooperate with the Lender and take any action necessary or advisable in the Lender’s reasonable
discretion to register and perfect the pledge of the Pledged Shares with the Registrar of Pledges.

 

2.4. The
Loan shall be provided to the Borrower by wire transfer to the Borrower’s account, as notified by Borrower to Lender in writing.

 

3. PURPOSE

 

The Borrower shall apply all amounts borrowed
by it hereunder towards its general corporate purposes and for working capital and not for any payment or distribution to any shareholder
in any capacity, other than salaries in accordance with employment agreements as in effect on the Effective Date.

 

4. CONVERSION;
REPAYMENT

 

4.1. Upon
Closing, the Loan and any accrued Interest shall be deemed paid by the Lender as part of the Purchase Price to be paid at the Closing
and shall no longer be outstanding.

 

4.2. Unless
previously deemed repaid under Section 4.1 above, the Loan, all Interest and all Unpaid Sums shall automatically become due and
payable without need for any notice or action by Lender upon the earlier of (i) August 31, 2019, or (ii) an Event of Default.

 

4.3. “Event
of Default” shall mean any of the following: (a) any representation or statement made or deemed to be made by the Borrower
in this Agreement is or proves to have been incorrect or misleading in any material respect when made or deemed to be made; (b)
the Borrower: (i) admits its general inability to pay its debts as they fall due; or (ii) is declared by a competent court to be
unable to pay its debts; (c) a legal proceeding or petition is taken in order to obtain an order for: (x) the winding-up, dissolution
or reorganisation (by reason of insolvency) of the Borrower; or (y) the appointment of a liquidator, receiver, administrative receiver,
administrator, compulsory manager or other similar office holder (ba’al tafkid) in respect of the Borrower or any
material part of its assets (this clause (c) shall not apply to any proceeding or petition which is discharged, stayed or dismissed
without any action taken thereunder within fifteen (15) days of commencement); and (d) the Borrower’s board of directors
or shareholders’ meeting has adopted a binding resolution for the voluntary dissolution of the Borrower..

 

4.4. The
Borrower shall notify the Lender of any Event of Default (and the steps, if any, being taken to remedy it) promptly upon becoming
aware of its occurrence.

 

4.5. All
amounts due to be paid by the Borrower under this Agreement shall be paid to the Lender in full without any set offs, deductions
or withholdings by wire transfer of immediately available funds to the Lender’s account designated by the Lender in writing.

 

4.6. In
the event the Lender shall be required to take action to enforce its rights under the Pledge Agreement or the Pledge (as defined
under the Pledge Agreement), Borrower shall, within five (5) Business Days of demand, pay to the Lender the amount of all reasonable
costs and expenses (including but not limited to legal fees) incurred by the Lender in connection with such enforcement.

 

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5. REPRESENTATIONS
AND WARRANTIES

 

The Borrower makes the following representations
and warranties as of the Effective Date:

 

5.1. Status.
Borrower is a corporation, duly incorporated and validly existing under the law of the State of Israel and it has full power, authority,
and legal right to own its assets and carry on its business as it is being conducted and as contemplated to be conducted.

 

5.2. Authority;
No Conflict. Borrower has the power and authority to execute, deliver and perform this Agreement. The entry into and performance
by Borrower of the transactions contemplated by this Agreement do not and will not conflict with any law or regulation applicable
to it; any of its organizational documents; or any agreement or instrument binding upon it or upon any of its assets.

 

5.3. No
Event of Default. No Event of Default is occurring on the Effective Date.

 

5.4. No
Proceedings Pending or Threatened. No litigation, arbitration or administrative proceedings of or before any court, arbitral
body or agency or governmental authority are pending or threatened against it.

 

6. UNDERTAKINGS

 

The undertakings in this Section 6 shall
remain in force from the Effective Date until all amounts on account of the Loan then outstanding (including any Interest) are
repaid in full.

 

6.1. Financial
Statements. The Borrower shall deliver to the Lender a copy of any annual financial statements approved by its board of directors
following such approval.

 

6.2. Information.
The Borrower shall supply to the Lender: (a) promptly, all material documents provided by the Borrower to its shareholders; (b)
promptly, upon becoming aware of them, details of any litigation, arbitration or administrative proceedings which are current,
threatened or pending against the Borrower; and (c) promptly, such further information regarding the financial condition, business
and operations of the Borrower as the Lender may reasonably request.

 

6.3. No
Distributions. The Borrower shall not make any dividend distribution, unless the Loan, Interest and Unpaid Sums owed to the
Lender under this Agreement are paid in full.

 

7. MISCELLANEOUS

 

7.1. Assignment.
Neither party may assign or transfer any of its rights or obligations under this Agreement.

 

7.2. Notices.
Any notice to be provided under this Agreement shall be provided in accordance with Section 14.2 of the APA.

 

7.3. Severability.
If, at any time, any provision of this Agreement is or becomes illegal, invalid or unenforceable in any respect under any law of
any jurisdiction, neither the legality, validity or enforceability of the remaining provisions nor the legality, validity or enforceability
of such provision under the law of any other jurisdiction will in any way be affected or impaired.

 

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7.4. Remedies
and Waivers. No failure to exercise, nor any delay in exercising, on the part of a party, any right or remedy under this Agreement
shall operate as a waiver, nor shall any single or partial exercise of any right or remedy prevent any further or other exercise
or the exercise of any other right or remedy. Other than as expressly provided herein, the rights and remedies provided in this
Agreement are cumulative and not exclusive of any rights or remedies provided by law.

 

7.5. Amendment.
Any term of this Agreement may be amended or waived only with the written consent of the Lender and the Borrower.

 

7.6. Counterparts.
This Agreement may be executed in any number of counterparts, and this has the same effect as if the signatures on the counterparts
were on a single copy of this Agreement. Delivery of signatures via electronic means (include pdf files) shall have the same effect
as the delivery of original signatures.

 

7.7. Jurisdiction.
The courts situated in Tel-Aviv, the State of Israel have exclusive jurisdiction to hear and determine any dispute arising out
of or in connection with this Agreement (including a dispute regarding the existence, validity or termination of this Agreement)
and no other court shall have jurisdiction.

 

Remainder of this page intentionally left blank  

 

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IN WITNESS WHEREOF, the parties have signed this Bridge
Loan Agreement:

 

B.O.S. Better Online Solutions Ltd.

as Lender

 

	By:	/s/ Yuval Viner               /s/ Eyal Cohen	 	 	 
	 	Name: Yuval Viner        Eyal Cohen	 	 	 
	 	Title:   CO-CEO	 	 	 
	 	 	 	 	 
	Imdecol Ltd.	 	 	 
	as Borrower	 	 	 
	 	 	 	 	 
	By:	/s/ Ben Zion Katz	 	By:	/s/ Hayak Ayelet
	 	Name: Ben Zion Katz	 	 	 Name: Hayak Ayelet
	 	Title:   CTO	 	 	Title:   CEO

 

The undersigned hereby undertake to pledge the Pledged Shares
pursuant to the Pledge Agreement attached as an exhibit to this Agreement.

 

	/s/ Ben Zion Katz	 	/s/ Ayelet Aya
	Ben Zion Katz	 	Ayelet Aya
	 	 	 
	/s/ Tirza Sima Katz	 	 
	Tirza Sima Katz	 	 

 

 

5Exhibit
4.10

 

PLEDGE
AGREEMENT

 

THIS
PLEDGE AGREEMENT (the “Pledge Agreement”) is made and executed as of the 19th day of March,
2019, by and among (1) Ben Zion Katz, an Israeli citizen, identification card number 64425671, (2) Tirza Sima Katz, an Israeli
citizen, identification card number 30531263, and (3) Ayelet Aya Hayak, an Israeli citizen, identification card number 27888379,
as pledgors (each, a “Pledgor”) and B.O.S. Better Online Solutions Ltd., an Israeli company, company registration
number 52-004256-5, with its registered office at 20 Freiman St., Rishon Lezion POB 198, 75101, Israel, as pledgee (“BOS”).

 

WHEREAS,
the Pledgors are owners of 130 Ordinary Shares, par value NIS 1.00 each (the “Pledged Shares”), of Imdecol
Ltd., a private Israeli company, company registration number 51-268769-0, with its registered office at 11 Amal St. Rosh Ha’ayin
4809239, Israel (the “Company”) constituting 100% of the issued and outstanding shares of the Company; and

 

WHEREAS,
BOS and the Company have entered into that certain Loan Agreement dated March 14th, 2019 (the “Loan Agreement”);
and

 

WHEREAS,
a condition for the provision of the loan under the Loan Agreement is that the Pledgors grant BOS, as security for the Secured
Obligations (as defined below), a first degree fixed pledge over the Pledged Shares; and

 

WHEREAS,
the Pledgors agree, as security for the Secured Obligations, to create in favor of BOS such first degree fixed pledge over all
of the Pledged Shares in accordance with the terms of this Pledge Agreement.

 

NOW,
THEREFORE, IT IS AGREED AS FOLLOWS:

 

	1.	The
                                         Preamble to this Pledge Agreement constitutes an integral part hereof. All capitalized
                                         terms used and not otherwise defined herein shall have the meaning ascribed to such terms
                                         in the Loan Agreement. In addition, in this Pledge Agreement:

 

“Derivative
Assets” means:

 

		(a)	shares,
                                         options, warrants or other securities of the Company;

 

		(b)	cash;
                                         or

 

		(c)	any
                                         other asset or right,

 

in
each case, distributable, accruing, offered, issued or deriving at any time, by way of dividend, bonus, redemption, exchange,
substitution, conversion, consolidation, subdivision or otherwise attributable to any of the Pledged Shares or the Pledged Rights.

 

“Pledged
Assets” means the Pledged Shares, the Pledged Rights and the Derivative Assets, and to the extent not included in the
foregoing, all present and future rights to compensation, indemnity, insurance proceeds, warranty or guarantee accruing to any
Pledgor by reason of the loss of, damage to or expropriation of, or any other event or circumstance with respect to, such Pledged
Assets and any and all proceeds, products and benefits deriving from such Pledged Assets, including, without limitation, those
received upon the sale or other disposition of such Pledged Assets and any property into which such Pledged Assets are converted,
whether cash or non-cash.

 

     

     

    

 

“Pledge
Law” means the Israeli Pledges Law, 5727-1967, and the regulations promulgated thereunder, as amended from time to time.

 

“Pledged
Rights” means all present and future claims, title, rights or interests of each Pledgor in relation to any Receivables
and all rights of each Pledgor as shareholder in the Company, whether under law or under the constitutional documents of the Company.

 

“Receivables”
means any and all present and future receivables, claims or monies regardless of the nature thereof (including without limitation,
principal, interest, default interest, fees, commissions, expenses, costs and indemnities) in any currency, whether actual or
contingent, owed jointly or severally, or in any other capacity whatsoever, and whether subordinated or not, owed from time to
time by the Company to any Pledgor in its capacity as a shareholder of the Company (including payments payable by the Company
to any Pledgor under any shareholder loan or capital note, whether subordinated or not).

 

“Secured
Obligations” means all present and future obligations and liabilities (whether actual or contingent or in any capacity
whatsoever) of the Company to BOS under the Loan Agreement, together with all costs, charges and expenses incurred by BOS, in
connection with the protection, preservation or enforcement of its rights under the Loan Agreement and/or under this Pledge Agreement.

 

“Security
Period” means the period beginning on the date of this Pledge Agreement and ending on the date upon which BOS confirms
in writing to the Pledgors its satisfaction that the Company is not under any obligation (whether actual or contingent) to BOS
under the Loan Agreement and the Secured Obligations have been unconditionally and irrevocably paid and discharged in full.

 

	2.	Security

 

		2.1.	Each
                                         of the Pledgors, as a continuing security for the full and punctual discharge and performance
                                         of all the Secured Obligations, hereby pledges (or as the case may be, assigns, by way
                                         of charge) in favor of BOS by way of a first degree fixed pledge and charge, unlimited
                                         in amount, over the Pledged Assets (the “Pledge”).

 

	3.	Perfection
                                         

 

In
order to secure the rights of BOS in respect of the Pledged Assets, the Pledgors hereby jointly and severally undertake:

 

		3.1.	concurrently
                                         with the execution of this Pledge Agreement, provide BOS for registration of the Pledge
                                         with the Israeli Pledges Registrar Registration Forms No. 1 under Regulation 5(a) of
                                         the Pledge Regulations (Registration and Review Procedures), 5754-1994, in such forms,
                                         as required and acceptable for filing with the Israeli Pledges Registrar for the perfection
                                         and the registration of the Pledge, and deliver to BOS an original certificate of registration
                                         of the Pledge upon receipt;

 

		3.2.	promptly
                                         following the first request of BOS, to take all steps as the BOS may reasonably require
                                         so that the Pledge created hereunder shall be valid and binding against other creditors
                                         of the Pledgors and to execute and/or deliver to BOS any amendment of, or supplement
                                         to, this Pledge Agreement and any other documents as BOS shall require for this purpose;

 

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		3.3.	forthwith
                                         upon the execution of this Pledge Agreement, to deliver to BOS: (i) the irrevocable instructions
                                         letter from the Pledgors to the Company notifying the Company of this Pledge Agreement,
                                         and the restriction on transfers of the Pledged Assets in the form attached hereto as
                                         Annex A, duly signed by the Pledgors; and (ii) the acknowledgment and undertaking
                                         of the Company, duly signed by the Company; and

 

		3.4.	on
                                         the date of signing of this Pledge Agreement, to enter the following annotation in respect
                                         of the Pledged Shares on the shareholders registry of the Company: “the 130 ordinary
                                         shares of Imdecol Ltd. of nominal value NIS 1.00 each, and registered in the name of
                                         (1) Ben Zion Katz , an Israeli citizen, identification card number _64425671, (2) Tirza
                                         Sima Katz, an Israeli citizen, identification card number 30531263, and (3 Ayelet Aya
                                         Hayak, an Israeli citizen, identification card number 27888379, are pledged in favor
                                         of B.O.S. Better Online Solutions Ltd a by way of first degree fixed pledge, pursuant
                                         to the Pledge Agreement dated March 14th, 2019 as amended from time to time”
                                         and to provide BOS with a certified copy of such annotated shareholders registry.

 

	4.	Release
                                         of Security

 

Upon
the earlier of (1) the “Closing” as such term is defined in that Certain Asset Purchase Agreement by and between BOS
and the Company dated as of even date hereof, or (2) the end of the Security Period; at the request of the Pledgors, BOS shall
promptly execute and provide the Pledgors with all documents necessary in order to release the Pledge created under this Pledge
Agreement.

 

	5.	Continuing
                                         Security

 

The
Pledgors, jointly and severally, declare and agree that:

 

		5.1.	the
                                         security interests created by this Pledge Agreement shall remain in full force and effect
                                         as continuing security for full and punctual discharge and performance of the Secured
                                         Obligations and shall remain in force notwithstanding any settlement of account, any
                                         intermediate payment or discharge in whole or in part or any other act, event or matter
                                         whatsoever and shall be released and discharged only after the end of the Security Period.

 

		5.2.	BOS
                                         will not be bound to enforce any of the other rights under any of the Loan Agreement
                                         before enforcing any of the security interests created by this Pledge Agreement.

 

	6.	Covenants

 

The
Pledgors jointly and severally undertake:

 

		6.1.	not
                                         to: (a) sell, assign, transfer or otherwise dispose of any part of the Pledged Assets
                                         and not to grant any right therein; or (b) create any pledge, charge, lien or other encumbrance
                                         over, or permit the creation of, any such security interest, in any manner, over the
                                         Pledged Assets, without the prior written consent of BOS.

 

		6.2.	to
                                         take all action deemed necessary or appropriate by BOS, in its reasonable commercial
                                         judgment, to maintain all of its security interests and rights over the Pledged Assets
                                         in full force and effect. 

 

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		6.3.	to
                                         furnish to BOS from time to time upon its request statements and schedules further identifying
                                         and describing the Pledged Assets and such other reports in connection with the Pledged
                                         Assets as BOS may reasonably request, in reasonable detail.

 

		6.4.	to
                                         prevent the Company from issuing any additional shares, or any other equity securities
                                         (including but not limited to debt securities which are convertible into or exchangeable
                                         for equity securities) without its prior written consent.

 

		6.5.	to
                                         pass the required resolutions of the Company to amend the constitutional documents of
                                         the Company in order that they do not restrict or limit in any way BOS’s right to enforce
                                         this Pledge Agreement and transfer the Pledged Shares.

 

		6.6.	and
                                         hereby acknowledges that (a) they shall not have any rights under Section 13(b) of the
                                         Pledge Law or any other statutory provisions in substitution therefor, and any prepayment
                                         or prior discharge of the Secured Obligations shall be made strictly in accordance with
                                         the terms of the Loan Agreement; and (b) Section 7(b) of the Pledge Law shall not apply.

 

	7.	Representations
                                         and Warranties

 

The
Pledgors hereby jointly and severally represent that:

 

		7.1.	the
                                         Pledged Shares constitute all of the issued and outstanding shares of the Company. Each
                                         Pledged Share was validly issued, is fully paid or credited as fully paid. The Pledged
                                         Shares confer upon their holder the right to receive not less than 100% of all dividends
                                         distributed by the Company to its shareholders, and not less than 100% of the remaining
                                         assets of the Company after all its debts and obligations have been discharged in the
                                         event of winding up and to cast not less than 100% of all votes entitled to be cast by
                                         all shareholders of the Company;

 

		7.2.	subject
                                         only to this Pledge Agreement, and without derogating from the provisions of the Loan
                                         Agreement, the Pledgors have, and at all times during the Security Period will have,
                                         good and marketable title to, and are entitled, and at all times during the Security
                                         Period will be entitled to the entire legal and beneficial ownership of the Pledged Assets
                                         free from any lien, pledge or charge and, subject to the foregoing, no other person has
                                         any legal or beneficial interest (or any right to claim any such interest) in the Pledged
                                         Assets and the Pledgors have not received notice of any such claim;

 

		7.3.	they
                                         waive and shall have no claim on the Company as a result or in connection with the enforcement
                                         of this Pledge Agreement;

 

		7.4.	except
                                         for applicable law, there is no limitation in any agreement which the Pledgors are a
                                         party to, which restricts the creation of a pledge and charge over the Pledged Shares;
                                         and

 

		7.5.	the
                                         Pledgors have the complete power and authority to create the Pledge, in accordance with
                                         the provisions hereof.

 

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	8.	Default
                                         and Enforcement

 

BOS
shall be entitled to (a) take all acts that it shall see fit for the collection of the Secured Obligations and (b) realize the
Pledge (in accordance with the provisions contained herein) upon the occurrence of an Event of Default (as defined under the Loan
Agreement) and in any case of any breach of this Pledge Agreement (each an “Event of Default”), including the
realization and/or sale of the Secured Assets, in whole or in part, whether by the appointment of a receiver and/or by the execution
office and/or by realization of its rights under Section 20 of the Pledge Law and/or by the courts and/or by any other method
as BOS shall see fit, and to apply the proceeds thereof on account of the Secured Obligations, in whole or in part, all without
BOS first being required to realize any other guarantee or collateral or other securities, if such be held by BOS.

 

	9.	Power
                                         of Attorney

 

The
Pledgors hereby irrevocably appoint BOS, at any time after the occurrence of an Event of Default, as its true and lawful attorney,
with full power of substitution, in respect of this Pledge Agreement, to act, in the Pledgors’ names and on their behalf
and at the Pledgors’ expense in order to do any such act, including, without limitation, to sign in the name of the Pledgors
any and all documents, as may in the sole discretion of BOS be necessary in order to secure the rights of BOS against third parties
in respect of the security interests contemplated by this Pledge Agreement pursuant to the terms hereof.

 

	10.	Indemnity

 

The
Pledgors shall forthwith on demand indemnify BOS against any loss or liability incurred as a consequence of the exercise, or attempted
or purported exercise, or the consideration of the exercise, by or on behalf of BOS of any of the rights or powers of BOS or any
other action taken by or on behalf of BOS with a view to or in connection with the recovery by BOS of the Secured Obligations
from the Pledgors or the carrying out of any other act or matter which BOS or any other person or entity acting on its behalf
may consider to be necessary for the preservation of the Pledged Assets.

 

	11.	Miscellaneous

 

		11.1.	Jurisdiction;
                                         Service of Process. Any dispute arising under or with respect to this Pledge Agreement
                                         shall be resolved exclusively in the appropriate court in Tel-Aviv, Israel.. The Pledgor
                                         agrees that the documents which are filed in connection with any proceedings in relation
                                         to this Pledge Agreement, and any other documents required to be served in connection
                                         with those proceedings, may be served on it by being delivered to the Company, or to
                                         such other address in Israel as the Pledgors may specify by notice in writing to BOS.
                                         Nothing in this paragraph shall affect the right of BOS to serve process in any other
                                         manner permitted by applicable law.

 

		11.2.	Successors
                                         and Assigns. Without prejudice to the provisions of Section 11.3, the provisions
                                         hereof shall inure to the benefit of, and be binding upon, the successors and permitted
                                         assigns of the parties hereto.

 

		11.3.	Assignment.
                                         Except as otherwise expressly stated to the contrary herein, the Pledgors may not assign
                                         or transfer any of their rights or obligations hereunder without BOS’s prior written
                                         consent and any such assignment or attempted assignment without BOS’s prior written consent
                                         shall be void and of no force or effect. BOS may transfer or assign any right or obligation
                                         under this Pledge Agreement without the Pledgors’ prior written consent.

 

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		11.4.	Notices.
                                         All notices and other communications required or permitted hereunder to be given to a
                                         party to this Pledge Agreement shall be in writing and shall be sent by facsimile or
                                         mailed by registered or certified mail, postage prepaid, or by electronic mail, or otherwise
                                         delivered personally or by courier, to the following addresses:

 

		(a)	if
                                         to the Pledgors - c/o Imdecol Ltd., 11 Amal St. Rosh Ha’ayin 4809239, Israel –
                                         to the attention of the CEO and the Major Shareholder, or by fax to: ___________, or
                                         by email to: ___________;

 

		(b)	if
                                         to BOS - to 20 Freiman St., Rishon Lezion POB 198, 75101, Israel – to the attention
                                         of the CEO and the CFO or by fax to: ___________or by email to: ___________,

 

or
to such other address, or to the attention of such other person, as any party shall notify the other party in writing as above
provided. Any notice sent in accordance with this clause shall be deemed delivered (i) if mailed, two (2) business days after
mailing, (ii) if sent by courier, upon delivery, and (iii) if sent via facsimile or electronic mail, upon transmission and electronic
confirmation of receipt, or - if transmitted and received on a day which is not a business day - on the first business day following
transmission and electronic confirmation of receipt.

 

		11.5.	Amendment;
                                         Waiver. Any term of this Pledge Agreement may be amended and the observance of any
                                         term hereof may be waived (either prospectively or retroactively and either generally
                                         or in a particular instance) only with the written consent of the parties hereto. No
                                         delay or omission to exercise any right, power, or remedy accruing to any party upon
                                         any breach or default under this Pledge Agreement, shall be deemed a waiver of any other
                                         breach or default theretofore or thereafter occurring. All remedies, either under this
                                         Pledge Agreement or by law or otherwise afforded to any of the parties, shall be cumulative
                                         and not alternative.

 

		11.6.	Entire
                                         Agreement. This Pledge Agreement constitutes the full and entire understanding and
                                         agreement among the parties with regard to the subject matters hereof and thereof. The
                                         preamble, exhibits and schedules hereto shall be deemed part of this Pledge Agreement.

 

		11.7.	Counterparts.
                                         This Pledge Agreement may be executed in any number of counterparts, each of which when
                                         so executed and delivered shall be deemed an original but all such counterparts together
                                         shall constitute one and the same instrument. Delivery of signatures via electronic means
                                         (include pdf files) shall have the same effect as the delivery of original signatures.

 

		11.8.	Headings.
                                         Section headings herein are included for convenience of reference only and shall
                                         not constitute a part hereof for any other purpose or be given any substantive effect.

 

		11.9.	Severability.
                                         In case any provision in or obligation hereunder shall be invalid, illegal or unenforceable
                                         in any jurisdiction, the validity, legality and enforceability of the remaining provisions
                                         or obligations, or of such provision or obligation in any other jurisdiction, shall not
                                         in any way be affected or impaired thereby.

 

		11.10.	Survival
                                         of Representations and Warranties. All representations and warranties made herein
                                         shall survive the execution and delivery hereof.

 

		11.11.	Expenses.
                                         Without derogating from the provisions contained herein, the Pledgors shall pay for
                                         the expenses incurred in connection with the preparation, filing, perfection and removal
                                         of the Fixed Charge pursuant to this Pledge Agreement.

 

[Signature
Page to Follow]

 

    6

     

    

 

IN
WITNESS WHEREOF, this Pledge Agreement has been executed by the parties hereto as of the date first above written.

 

B.O.S.
BETTER ONLINE SOLUTIONS LTD

 

	By:	/s/ Yuval Viner               /s/ Eyal Cohen	 
	Title:	CO-CEO	 
	Name:	Yuval
Viner                    Eyal Cohen	 

 

/s/
Ben Zion Katz 

 

Ben
Zion Katz 

 

/s/
Ayelet Aya Hayak 

 

Ayelet
Aya Hayak 

 

/s/ Tirza
Sima Katz 

 

Tirza
Sima Katz 

 

    7

     

    

 

Annex
A

 

Irrevocable
Instructions to Imdecol Ltd.

 

Date:
March 19, 2019

 

To:
Imdecol Ltd. (the: “Company”)

 

Dear
Sirs,

 

Further
to the Pledge Agreement dated March 14th, 2019 (the “Pledge Agreement”) and made among (1) Ben Zion
Katz, an Israeli citizen, identification card number 64425671, (2) Tirza Sima Katz, an Israeli citizen, identification card number
30531263, and (3) Ayelet Aya Hayak, an Israeli citizen, identification card number 27888379, as pledgers (the “Pledgor”),
and B.O.S. Better Online Solutions Ltd, an Israeli company, company registration number 52-004256-5, as pledgee (“BOS”),
pursuant to which we have created in favor of BOS a first degree fixed pledge and assignment over the Pledged Assets (as defined
in the Pledge Agreement) (the “Pledge Agreement”), we hereby irrevocably instruct you and notify you as follows,
to the extent permitted under applicable law:

 

		1.	not
                                         to register any transaction which in any way conflicts with the Pledge Agreement;

 

		2.	to
                                         promptly notify BOS of any resolution passed or any application filed for the winding-up,
                                         dissolution, administration or court supervised management of the Company’s affairs,
                                         or written notice from a third party of any intention to do so, or any creditors’
                                         or shareholders’ arrangement or for the appointment of a receiver, manager or administrator
                                         over Company’s assets (including any act, proceedings or applications for the appointment
                                         of a receiver, liquidator or similar officer with respect to the Pledged Assets or any
                                         part thereof);

 

		3.	to
                                         notify BOS of any enforcement of security by the levying of any attachment on the Pledged
                                         Assets, in which case you shall forthwith notify the attaching party of the Pledge Agreement
                                         in favor of BOS and take at your expense, immediately and without delay all such measures
                                         as are required for discharging such attachment;

 

		4.	not
                                         to issue any shares, securities, or rights in connection with the share capital (including
                                         but not limited to debt securities which are convertible into equity securities) without
                                         BOS’s prior written consent; and

 

		5.	to
                                         register the following annotation in respect of the Pledged Shares in the shareholders
                                         registry of the Company: “the 130 ordinary shares of Imdecol Ltd. of nominal value
                                         NIS 1.00 each, and registered in the name of (1) Ben Zion Katz, an Israeli citizen, identification
                                         card number 64425671, (2) Tirza Sima Katz, an Israeli citizen, identification card number
                                         30531263, and (3) Ayelet Aya Hayak, an Israeli citizen, identification card number 27888379,
                                         are pledged in favor of B.O.S. Better Online Solutions Ltd a by way of first degree fixed
                                         pledge, pursuant to the Pledge Agreement dated March 14th, 2019 as amended
                                         from time to time”.

 

		6.	These
                                         instructions are irrevocable and shall not be amended, revoked or cancelled without the
                                         written consent of BOS.

 

		7.	These
                                         instructions shall automatically terminate upon the expiration of the Security Period.

 

    8

     

    

 

Capitalized
terms utilized herein but not otherwise defined shall have the meaning ascribed to them in the Pledge Agreement.

 

Please
acknowledge receipt of these instructions by signing the acknowledgement on the enclosed copy letter and returning the same to
us at ________________ marked for the attention of ____________.

 

Yours
faithfully,

 

	/s/
    Ben     Zion Katz 	 	/s/
    Ayelet     Aya Hayak 
	Ben
    Zion Katz 	 	Ayelet
    Aya Hayak 
	 	 	 
	/s/
    Tirza     Sima Katz	 	 
	Tirza
    Sima Katz	 	 

 

cc:
B.O.S. Better Online Solutions Ltd.

 

Imdecol
Ltd. hereby acknowledges receipt of these Irrevocable Instructions to Imdecol Ltd. and agrees with the Pledgors and BOS to abide
by them unless and until instructed otherwise by BOS.

 

IMDECOL
LTD.

 

	By:	/s/
Ben Zion Katz	 	By:	/s/ Hayak Ayelet
	Title:	CTO	 	Title:	CEO
	Name: 	Ben
    Zion Katz 	 	Name: 	Hayak Ayelet

 

 

9

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