Document:

Exhibit
10.11

 

Employment
Agreement

 

This
Employment Agreement (this “Agreement”) is dated as of January [___], 2021, by and between I.R Med Ltd., a
company organized under the laws of the State of Israel with registration number 514824952 having its principal place of business
at ZHR Industrial Zone, Rosh Pina, Israel 12000 (the “Company”), and Sharon Levkoviz, ID#027123751 (the “Employee”).

 

	WHEREAS,	the
    Company wishes to employ the Employee, and the Employee wishes to be employed by the Company, as of the Commencement Date
    (as such term is defined hereunder); and

 

	WHEREAS,	the
    parties desire to state the terms and conditions of the Employee’s employment by the Company, as set forth below.

 

NOW,
THEREFORE, in consideration of the mutual premises, covenants and other agreements contained herein, the parties hereby agree
as follows:

 

	 	1.	Position,
    Scope, Representations and Undertakings

 

	 	1.1.	Position.
    The Employee shall serve in the position described in Schedule A. In such position the Employee shall report regularly
    and shall be subject to the direction and control of the person stated in Schedule A (the “Supervisor”).
    The Employee shall perform his duties diligently, conscientiously and in furtherance of the Company’s best interests.
    The Employee agrees and undertakes to inform the Company in writing, immediately after becoming aware of any matter that may
    in any way raise a conflict of interest between the Employee and the Company. During his employment by the Company, the Employee
    shall not receive any payment, compensation or benefit from any third party in connection, directly or indirectly, with his
    position in the Company.

 

	 	1.2.	Scope
    of Employment. The Employee shall be employed on a part-time basis, according to a schedule that will be coordinated with
    the Supervisor. The Employee acknowledges that the Employee’s position is one of management and/or special trust that
    does not enable the Company to supervise the Employee’s hours of work and rest, and accordingly the Employee shall not
    be entitled to and hereby irrevocably waives any claim for any overtime payment under the Law of Work Hours and Rest - 1951,
    which shall not apply to this Agreement. 

 

	 	1.3.	Location.
    The Employee shall perform his duties hereunder at the Company’s facilities in Israel, but understands and agrees that
    the position may involve domestic and international travel.

 

	 	1.4.	Employee’s
    Representations and Warranties. The Employee represents and warrants to the Company as follows: (a) all the information
    supplied on the Employee’s employment application or resume or other documents furnished by the Employee is true and
    complete; and (b) the execution and delivery of this Agreement and the fulfillment of its terms: (i) does not and will not
    constitute a default under or conflict with any agreement or other instrument to which he is a party or by which he is bound;
    and (ii) do not require the consent of any person or entity. Further, with respect to any past engagement of the Employee
    with third parties and with respect to any permitted engagement of the Employee with any third party during the term of his
    engagement with the Company (for purposes hereof, such third parties shall be referred to as “Other Employers”),
    the Employee represents, warrants and undertakes that: (a) his engagement with the Company is not now, and will not in the
    future be, in breach of any of his undertakings toward Other Employers, including, without limitation, any non-competition
    or confidentiality undertakings; and (b) he will not disclose to the Company, nor use, in provision of any services to the
    Company, any proprietary or confidential information belonging to any Other Employer.

 

    	 

    	 

    

 

	 	2.	Compensation
    and other Benefits and Rights

 

Schedule
B specifies the compensation and other benefits and rights due to the Employee, as well as related rights and obligations.

 

	 	3.	Term
    and Termination of Employment

 

	 	3.1.	Term.
    The Employee’s employment by the Company shall commence on the date set forth in Schedule A (the “Commencement
    Date”), and shall then, unless terminated in accordance with the terms of this Agreement, automatically continue
    until it is terminated pursuant to the terms set forth herein.

 

	 	3.2.	Termination
    at Will. Either party may terminate the employment relationship hereunder at any time by giving the other party a prior
    written notice as set forth in Schedule A (the “Notice Period”); provided that, in the event the
    Company ceases to carry on business according to a resolution of the Company’s Board of Directors and terminates all
    or substantially all of its employees or in case of liquidation of the Company, the Notice Period shall only be in accordance
    with applicable law.

 

	 	3.3.	Termination
    for Cause. The Company may immediately terminate the employment relationship for Cause, and such termination shall be
    effective as of the time of notice of the same and the Employee will not be entitled to any payment on account of the Notice
    Period or in lieu of it. “Cause” means (a) a material breach of this Agreement; (b) any willful failure
    to perform or willful failure to perform competently any of the Company’s instructions or any of the Employee’s
    fundamental functions or duties hereunder; (c) engagement in willful misconduct or acting in bad faith with respect to the
    Company; (d) conviction of a felony involving moral turpitude; or (e) any cause justifying termination or dismissal in circumstances
    in which an employer can deny the employee severance payment under applicable law (in whole or in part).
	 	 	 
	 	3.4.	Notice
    Period. During the Notice Period and unless otherwise determined by the Company in a written notice to the Employee, the
    employment relationship hereunder shall remain in full force and effect, the Employee shall be obligated to continue to discharge
    and perform all of his duties and obligations with the Company, and the Employee shall cooperate with the Company and assist
    the Company with the integration into the Company of the person who will assume the Employee’s responsibilities. Notwithstanding
    the aforesaid, the Company is entitled to waive the Notice Period applicable upon termination of this Agreement, or to terminate
    this Agreement and the employment relationship with immediate effect, upon a written notice to the Employee and payment to
    the Employee of a one time amount equal to the salary to which the Employee would have been entitled during the Notice Period
    (without any of the additional benefits granted pursuant to this Agreement) (the “Notice Period Payment”),
    in lieu of such prior notice. Should the Company terminate the Employee’s employment for Cause, the Company shall not
    have to pay the Notice Period Payment.

 

	 	3.5.	Equipment.
    In any event of the termination of this Agreement, or upon the Company’s request, the Employee shall immediately return
    all Company and customers’ property, equipment, materials and documents without keeping any copy of it, and the Employee
    shall cooperate with the Company and use the Employee’s best efforts to assist with the transition of work and integration
    into the Company’s organization of the person or persons who will assume Employee’s responsibilities. At the option
    of the Company, the Employee shall during such period either continue with Employee’s duties or remain absent from the
    premises of the Company. Under no circumstances will the Employee have a lien over any property provided by or belonging to
    the Company or customer of the Company.

 

    	Employee: ______________________________________
Company: ______________________________________

	Page 2 of 14

     

    

 

	 	4.	Additional
    Covenants

 

	 	4.1.	Proprietary
    Information; Assignment of Inventions and Non-Competition. By executing this Agreement the Employee confirms and agrees
    to the provisions of the Company’s Proprietary Information, Assignment of Inventions and Non-Competition Agreement attached
    as Schedule C hereto. The Employee further confirms and agrees that his Salary (as defined in Schedule B hereto) has
    been calculated to include special consideration for his commitments under Schedule C, and he will not be entitled
    to any further consideration for such commitments, expressly including no entitlement to royalties for any Service Inventions
    as defined in Section 132 of the Patent Law, 1967 (the “Patent Law”). This clause constitutes an express
    agreement between the employee and the Company for the purposes of Section 134 of the Patent Law. In the event that the Employee
    leaves the employ of the Company, the Employee hereby consents to the notification of his new employer of his rights and obligations
    under this Agreement and specifically under Schedule C.
	 	 	 
	 	4.2.	Company
    Rules and Policies; Specific Agreements. The Employee shall adhere and comply with the rules and policies of the Company,
    as specified below and as may be further published by the Company from time to time.

 

	 	4.3.	Prevention
    of Sexual Harassment. The Company sees violations of the Law for Prevention of Sexual Harassment (in this Section, the
    “Law”) in a severe light. The Employee acknowledges being informed of the Company’s policy regarding sexual
    harassment, including the existence of Company guidelines for the prevention of sexual harassment that may be received at
    any time from the employee in charge of enforcing the Law in the Company. 

 

	 	4.4.	Data
    and Privacy.

 

	 	4.4.1.	The
    use of the Company’s devices and equipment, including computers, e-mail accounts, phones, and so on, is intended for
    professional use and for executing the Employee’s duties in the Company, only. The Company hereby notifies the Employee
    that it conducts inspections within the Company’s offices and on the Company’s equipment, including computers,
    cellular phones, and other devices, including and without derogating, inspections of electronic mail transmissions, internet
    usage and inspections of their content, inspections of phone usage and cellular company’s bills and reports. For the
    avoidance of any doubt, it is hereby clarified that any such examination’s findings shall be the Company’s sole
    property, and is presented by the Company to third parties. The Employee is deemed to have consented to any reasonable use,
    transfer and disclosure of all messages and data contained or sent via the Company’s computer and communications systems,
    including electronic mail. The Employee shall fully comply with the Company’s policies regarding computer and network,
    as may be in effect from time to time

 

	 	4.4.2.	The
    Employee grants consent to the Company and its affiliates, and its/their employees, wherever they may be located, to utilize
    and process the Employee’s personal information, including data collected by the Company for purposes related to the
    Employee’s employment. This may include transfer of the Employee’s personnel records outside of Israel and further
    transfers thereafter. All personnel records are considered confidential and access will be limited and restricted to individuals
    with need to know or process that information for purposes relating to the Employee only, such as management teams and human
    resource personnel. The Company may share personnel records as needed solely for such purposes with third parties assisting
    human resources administration.

 

    	Employee: ______________________________________
Company: ______________________________________

	Page 3 of 14

     

    

 

	 	5.	Miscellaneous

 

	 	5.1.	The
    preface and schedules to this Agreement constitute an integral and indivisible part hereof. This Agreement constitutes the
    entire understanding and agreement between the parties hereto, supersedes any and all prior discussions, agreements and correspondence
    with regard to the subject matter hereof, and may not be amended, modified or supplemented in any respect, except by a subsequent
    writing executed by both parties hereto.

 

	 	5.2.	This
    Agreement is a personal and specific employment agreement, which formalizes the relations between the Company and the Employee,
    and which sets forth, in an exclusive and exhaustive manner, the Employee’s terms of employment by the Company. The
    provisions of this Agreement are in lieu of the provisions of any collective bargaining agreement or expansion order and therefore,
    no collective bargaining agreement or expansion order shall apply with respect to the relationship between the parties hereto
    (subject to the applicable provisions of law).

 

	 	5.3.	The
    Employee affirms that in the framework of this Employment Agreement he is awarded preferential rights, and the parties therefore
    affirm that no customs, conventions, norms, agreements or other arrangements, if and when applicable, shall apply to the Employee.
    It is clarified that the Employee shall not be entitled to any payment, right or benefit which were not explicitly detailed
    in this Agreement, including any payments, benefits or rights to which other employees of the Company are entitled to (if
    any) or any benefits the Employee received from any former employer.

 

	 	5.4.	No
    failure, delay of forbearance of either party in exercising any power or right hereunder shall in any way restrict or diminish
    such party’s rights and powers under this Agreement, or operate as a waiver of any breach or nonperformance by either
    party of any terms of conditions hereof.

 

	 	5.5.	The
    laws of the State of Israel shall apply to this Agreement and the sole and exclusive place of jurisdiction in any matter arising
    out of or in connection with this Agreement shall be the Tel Aviv Regional Labor Court.

 

	 	5.6.	In
    the event it shall be determined under any applicable law that a certain provision set forth in this Agreement is invalid
    or unenforceable, such determination shall not affect the remaining provisions of this Agreement unless the business purpose
    of this Agreement is substantially frustrated thereby.

 

	 	5.7.	The
    Employee acknowledges and confirms that all terms of the Employee’s employment are personal and confidential, and undertake
    to keep such terms in confidence and refrain from disclosing such terms to any third party.

 

	 	5.8.	This
    Agreement and its schedules and exhibits constitute notice to the Employee pursuant to the Notice to Employee (Employment
    Terms) Law-2002.

 

    	Employee: ______________________________________
Company: ______________________________________

	Page 4 of 14

     

    

 

IN
WITNESS WHEREOF the parties have signed this Agreement as of the date first hereinabove set forth.

 

	 	 	 
	I.R.
    Med Ltd.	 	Sharon
    Levkoviz
	By:
    	Oded
    Bashan	 	
	Title:
    	Chairman	 	

 

    	Employee: ______________________________________
Company: ______________________________________

	Page 5 of 14

     

    

 

Schedule
A

To
the Employment Agreement by and between I.R Med Ltd. And Sharon Levkoviz

 

Employment
Terms

 

Details:

 

	1.
                                         Name:

        
	Sharon
    Levkoviz
	 	 
	2.
                                         ID No.:

        
	027123751
	 	 
	3.
                                         Address: 
	Meron
    1, Katzrin

 

Position,
Term and Termination:

 

	4.
                                         Position:

        
	CFO
	 	 
	5.
                                         Under the Direction of:

        
	CEO,
    Chairman 
	 	 
	6.
                                         Commencement Date:

        
	February
    25, 2021
	 	 
	7.
                                         Notice Period:
	60
                                         days

        

 

    	Employee: ______________________________________
Company: ______________________________________

	Page 6 of 14

     

    

 

Schedule
B

To
the Employment Agreement by and between I.R Med Ltd. and Sharon Levkoviz

 

Compensation
and other Benefits and Rights

 

The
following terms and provisions apply with respect to the Employee’s engagement with the Company as of the date of the Employment
Agreement to which this Schedule is attached (the “Agreement”). Capitalized terms not defined herein shall
have the meaning ascribed to them in the Agreement.

 

	1.	Salary.

 

	 	1.1.	The
    Company shall pay to the Employee during the term of the Agreement a gross monthly salary of NIS 17,500 (17,500 New Israeli
    Shekels) per month (the “Salary”). 

 

	 	1.2.	The
    Salary will be paid no later than the 9th day of each month, one month in arrears, after deduction of any and all
    taxes and charges applicable to Employee as may be in effect or which may hereafter be enacted or required by law. Employee
    shall notify the Company of any change which may affect Employee’s tax liability.

 

	 	1.3.	Except
    as specifically set forth herein, the Salary includes any and all payments to which the Employee is entitled from the Company
    hereunder and under any applicable law, regulation or agreement.

 

	 	1.4.	To
    the extent that the Employee shall be paid any additional payments, which are conditioned on terms, such as bonuses, commissions,
    grants, etc., the same shall not be deemed part of the Salary for any purpose whatsoever.

 

	2.	Manager’s
    Insurance / Pension Fund.

 

	 	2.1	The
    Company will allocate to a managers’ insurance policy or a pension fund (individually and collectively in this clause
    referred to as the “Policy”), or a combination of both (whereby each will apply partially), the following:

 

	 	2.1.1	An
    amount equal to 8.33% of the Salary which shall be allocated to a fund for severance pay, and an additional amount equal to
    6.5% of the Salary which shall be allocated to a provident fund including disability insurance and life/survivors insurance.

 

	 	2.1.2	In
    addition, the Company will deduct from the Salary an amount equal to 6% of the Salary, which shall constitute Employee’s
    contribution to the provident fund (the “Employee Participation”).

 

	 	2.2	In
    case the Employee chooses a managers’ insurance policy (and not a pension fund), and if, due to Employee’s personal
    reasons, an allocation of 1.5% (from the above 6.5% allocated to the pension savings component) shall not be sufficient for
    purchasing disability insurance to cover 75% of the Salary, the Company shall contribute an additional allocation that shall
    be no more than 1% of the Salary. In such case, the disability cost will not exceed 2.5% of the Salary, so that Company’s
    provident contributions shall be no less than 5%, and together- no more than 7.5%.

 

	 	2.3	It
    is hereby clarified, that the payments made by the Company, pursuant to the allocations set forth above, are intended to comply
    with applicable law, including the obligation to allocate funds for disability and survivors insurance. The Company advises
    the Employee to receive professional advice on the election of a pension plan. In case the Employee elects to be insured under
    a plan which does not include a disability and survivors insurance component, the Employee hereby releases and discharges
    the Company from any responsibility or liability arising of his said election.

 

    	Employee: ______________________________________
Company: ______________________________________

	Page 7 of 14

     

    

 

	 	2.4	The
    Employee will notify the company of his choice of a pension fund or managers insurance policy within 30 days of the Commencement
    Date. The Employee agrees that the Company shall deduct from the Salary the amount specified as Employee Participation as
    set above. In the event the Employee elects to be insured under a combination of the Policy and Pension Plan, the Employee
    may determine the allocation between the two, provided that, in any event the Company’s contributions will not exceed
    the maximum amounts set forth above. 

 

	 	2.5	The
    Company and Employee agree and acknowledge that the Company’s severance ccontribution to the Policy in accordance with
    Section ‎2.1.1 above, shall, provided contribution is made in full, be instead of severance payment to which the Employee
    (or his or her beneficiaries) is entitled with respect to the Salary upon which such contributions were made and for the period
    in which they were made (the “Exempt Salary”), pursuant to Section 14 of the Severance Pay Law 5723-1963
    (the “Severance Pay Law”). The parties hereby adopt the General Approval of the Minister of Labor and Welfare,
    which is attached hereto as Appendix I. The Company hereby forfeits any right it may have in the reimbursement of sums
    paid by the Company into the Policy or Pension Plan, except: (i) in the event that Employee withdraws such sums from the Policy
    or Pension Plan, other than in the event of death, disability or retirement at the age of 60 or more; or (ii) upon the occurrence
    of any of the events provided for in Sections 16 and 17 of the Severance Pay Law. Nothing in this Agreement shall derogate
    from the Employee’s rights to severance payment in accordance with the Severance Pay Law or agreement or expansion order
    in connection with remuneration other than the Salary.

 

	3.	Advanced
    Study Fund (Keren Hishtalmut). The Company will contribute to a recognized educational fund an amount equal to 7.5% of
    the Salary up to the maximum amount exempt from tax payment under applicable laws and will deduct from each monthly payment
    and contribute to such education fund an additional amount equal to 2.5% of the Salary up to the above limit.
	 	 
	4.	Recuperation
    Pay. The Employee shall be entitled to the payment of recuperation pay (“Dmei Havra’a”) to which
    the Employee may be entitled under any applicable law, collective bargaining agreements or orders, to the extent any apply.
	 	 
	5.	Expenses.
    The Employee shall be reimbursed for business expenses borne by the Employee only if and to the extent that such expenses
    were approved in advance and in writing by the Company, and against valid invoices furnished by the Employee to the Company.
	 	 
	6.	Vacation.
    The Employee shall be entitled to the number of paid vacation days during each year as set forth hereinbelow, but in any event
    not less than the minimum number of days required by applicable law, to be taken at times subject to prior coordination with
    the Company, or when required by the Company. Subject to applicable law, the Employee may accrue vacation days for up to the
    Maximum carry-forward as determined below, all according to the Company’s policy as may be amended from time to time.
    Accrued vacation days beyond this limit will be automatically deleted. The Employee shall not receive payment in lieu of any
    unused vacation days, unless so required pursuant to applicable law. If the Employee’s employment commences or terminates
    part way through any year, the Employee’s entitlement to vacation days during that year will be assessed on a pro rata
    basis and deductions from final Salary due to the Employee on termination of employment will be made in respect of vacation
    days taken in excess of entitlement. Subject to the provision of due and reasonable prior notice, the Company may require
    the Employee to take vacation leave in accordance with applicable law.

 

	 	●	22
    days per year. 
	 	●	Maximum
    carry-forward to next year: 15 days.

  

    	Employee: ______________________________________
Company: ______________________________________

	Page 8 of 14

     

    

 

	7.	Sick
                                         Leave. The Employee shall be entitled to days of paid sick leave per year pursuant
                                         to applicable law, with unused days to be accumulated up to the limit set pursuant to
                                         applicable law. It is hereby clarified, that to the extent the Employee is entitled to
                                         payments under the Employee’s Insurance Scheme or Ovdan Kosher Avoda Insurance,
                                         such payments will be in lieu of the payment of sick leave payments the Company will
                                         be entitled to pay under applicable law.

        

 

	8.	Leased
    Car. 

 

	 	8.1.	The
    Company shall provide Employee with a motor vehicle of a make and model determined by the Company, which shall be leased by
    the Company for use by Employee in accordance with Company policy, as established from time to time. 

 

	 	8.2.	The
    vehicle shall be returned by Employee to the Company upon the cessation of Employee’s employment with the Company for
    any reason. The Company will bear all reasonable expenses relating to the use of the motor vehicle, including maintenance,
    fuel and repairs, in accordance with Company policy in effect from time to time. Employee shall be solely responsible for
    all taxes payable in connection with the use of the motor vehicle. Employee shall be responsible for payment of all fines,
    penalties relating to the use of the motor vehicle during the period it had been put at Employee’s disposal, as well
    as, where applicable, any penalties actually incurred as a result of the early return of the motor vehicle to the leasing
    company at the Employee’s initiative, excluding as a result of termination of the Employee’s employment by the
    Employee for any reason whatsoever.

 

	 	8.3.	Employee
    shall not in any circumstances have any lien over the motor vehicle. 

 

	 	8.4.	It
    is further agreed and acknowledged by Employee that the provision of the vehicle shall be in place of any travel expenses
    to which Employee would otherwise be entitled according to law. 

 

	 	8.5.	To
    avoid doubt, Employee shall not be entitled to use the vehicle during unpaid leaves of absences from the Company (unless otherwise
    required by applicable law) and Employee shall return the motor vehicle for the duration of any such period. 

 

	 	8.6.	Any
    expenses, payments or other benefits that are made in connection with the vehicle shall not be regarded as part of the Salary,
    for any purpose or matter. Employee hereby irrevocably authorizes the Company to set off and deduct all amounts that may be
    owed to the Company under this section against any and all amounts due to Employee from the Company under this agreement.
    Employee shall take good care of the vehicle and ensure that the provisions of the insurance policy and the Company’s
    rules relating to the vehicle are strictly, lawfully and carefully observed. 

 

	 	8.7.	Employee
    is aware that in order to provide him with the vehicle the Company shall lease the vehicle from a leasing company, and Employee
    undertakes to strictly comply with the provisions of the leasing agreement. 

 

	9.	Laptop.
    The Company shall provide the Employee with a laptop computer. 

 

	10.	The
    Company shall pay the Employee in an amount of up to NIS 250 per month to cover mobile phone communication expenses. 

 

	11.	Share
    Options Grant. The management of the Company shall recommend to the Board of Directors of the Company’ parent company,
    __________ (the “Parent”) that the Employee be granted options to purchase 160,000 shares of the Parent
    (the “Options”), in such number, at a price per share and under such additional terms and conditions as
    shall be determined by the Board of Directors of the Parent. The Options, if granted, shall vest as follows: (a) 50,200 shall
    vest as of the Commencement Date, and (b) 9,159 shall vest at the end of each calendar quarter following the Commencement
    Date, i.e., (as of March 31, 2021) provided that the Employee is engaged by the Company at each such vesting date. The Options
    shall be subject to the terms of the Parent’s applicable share option plan and an option agreement as shall be adopted
    and executed between the Parent and the Employee. The Employee acknowledges that he or she will be required to execute additional
    documents in compliance with the applicable tax laws and/or other applicable laws.
	 	 
	12.	No
    Lien, Etc. It is specifically agreed and stated that the Employee has no/ right of lien over any equipment or properties
    which may be provided to the Employee (including, without limitation, car and mobile phone, to the extent provided), and under
    no circumstances may the Employee refrain from immediate release and return of any of the same back to the Company.

 

	/S/
    Oded Bashan	 	/S/
    Sharon Levkoviz
	I.R.
    Med Ltd.	 	Sharon
    Levkoviz
	By:	     	 	Oded
    Bashan
	Title:	 	 	Chairman

 

    	Employee: ______________________________________
Company: ______________________________________

	Page 9 of 14

     

    

 

Schedule
C

 

To
the Employment Agreement by and between I.R Med Ltd. and Sharon Levkoviz

 

Proprietary
Information, Assignment of Inventions and Non-Competition Agreement

 

	 	1.	General

 

Capitalized
terms herein shall have the meanings ascribed to them in the Agreement to which this Schedule is attached (the “Agreement”).
For purposes of any undertaking of the Employee toward the Company, the term Company shall include any parent company of the Company
as well as any subsidiaries and affiliates of the Company, to the extent applicable. The Employee’s obligations and representations
and the Company’s rights under this Schedule shall apply as of the Commencement Date, commencement of the Employee’s
services to the Company (including without limitation prior to incorporation of the Company), regardless of the date of execution
of the Agreement.

 

	 	2.	Confidentiality;
    Proprietary Information

 

	 	2.1.	“Proprietary
    Information” means confidential and proprietary information concerning the business and financial activities of
    the Company, including patents, patent applications, trademarks, trademark applications, copyrights and other intellectual
    property, and information relating to the same, technologies and products (actual or planned), know how, inventions, research
    and development activities, inventions, trade secrets and industrial secrets, and also confidential commercial information
    such as investments, investors, employees, customers, suppliers, marketing plans, etc., all the above - whether documentary,
    written, oral or computer generated. Proprietary Information shall also include information of the same nature which the Company
    may obtain or receive from third parties.

 

	 	2.2.	Proprietary
    Information shall be deemed to include any and all proprietary information disclosed by or on behalf of the Company and irrespective
    of form but excluding information that (i) was known to the Employee prior to the Employee’s association with the Company,
    as evidenced by written records; or (ii) is or shall become part of the public knowledge except as a result of the breach
    of the Agreement or this Schedule by the Employee.

 

	 	2.3.	The
    Employee recognizes that the Company received and will receive confidential or proprietary information from third parties,
    subject to a duty on the Company’s part to maintain the confidentiality of such information and to use it only for certain
    limited purposes. In connection with such duties, such information shall be deemed Proprietary Information hereunder, mutatis
    mutandis.

 

	 	2.4.	The
    Employee agrees that all Proprietary Information, and patents, trademarks, copyrights and other intellectual property and
    ownership rights in connection therewith shall be the sole property of the Company and its assigns. At all times, both during
    the employment relationship and after the termination of the engagement between the parties, the Employee will keep in confidence
    and trust all Proprietary Information, and will not use or disclose any Proprietary Information or anything relating to it
    without the written consent of the Company, except as may be necessary in the ordinary course of performing the Employee’s
    duties under the Agreement.

 

	 	2.5.	Upon
    termination of the Employee’s engagement with the Company, the Employee will promptly deliver to the Company all documents
    and materials of any nature pertaining to the Employee’s engagement with the Company, and will not take with him any
    documents or materials or copies thereof containing any Proprietary Information.

 

    	Employee: ______________________________________
Company: ______________________________________

	Page 10 of 14

     

    

 

	 	2.6.	The
    Employee’s undertakings set forth in this Section 2 shall remain in full force and effect after termination of the Agreement
    or any renewal thereof, so long as any portion of the Proprietary Information shall constitute proprietary or confidential
    information of the Company.

 

	 	3.	Disclosure
    and Assignment of Inventions

 

	 	3.1.	“Inventions”
    means any and all inventions, discoveries, improvements, designs, concepts, techniques, methods, systems, content, processes,
    derivative works, domain names, formulae, specifications, know how, computer software programs, databases, mask works, logos
    and trade secrets, whether or not patentable, copyrightable or protectible as trade secrets, as well as business plans, file
    layouts, manufacturing information and distributor lists.

 

“Company
Inventions” means any Inventions that are made or conceived or first reduced to practice or created by the Employee,
whether alone or jointly with others, during the period of the Employee’s engagement with the Company, and which are: (i)
developed using equipment, supplies, facilities or Proprietary Information of the Company, (ii) result from work performed by
the Employee for the Company, or (iii) related to the field of business of the Company, or to current or anticipated research
and development.

 

	 	3.2.	The
    Employee represents and warrants that except as specifically set forth in Appendix 1, as of the day of the Employee’s
    first engagement with the Company, the Employee has not, in any time in the past made, alone or jointly with others, conceived,
    reduced to practice or created any Inventions related in any way, directly or indirectly, to the field of business of the
    Company, or to current or anticipated research and development, and has no rights, as co-inventor or otherwise, in any such
    Inventions. The Employee undertakes and covenants that he will promptly disclose in confidence to the Company all Inventions
    deemed as Company Inventions, including Service Inventions (as defined in Section 132 of the Patent Law). The Employee agrees
    and undertakes not to disclose to the Company any confidential information of any third party and, in the framework of his
    employment by the Company, not to make any use of any intellectual property rights of any third party.

 

	 	3.3.	The
    Employee hereby irrevocably transfers and assigns to the Company all worldwide patents, patent applications, copyrights, mask
    works, trade secrets and other intellectual property rights in any Company Invention, and any and all moral rights that he
    may have in or with respect to any Company Invention.

 

	 	3.4.	The
    Employee acknowledges that all original works of authorship which are made by him/her (solely or jointly with others) within
    the scope of his/her employment and which are protectable by copyright are works for hire and are the sole property of the
    Company pursuant to applicable copyright law.

 

	 	3.5.	Any
    assignment of copyright hereunder (and any ownership of a copyright as a work made for hire) includes all rights of paternity,
    integrity, disclosure and withdrawal and any other rights that may be known as or referred to as “moral rights”
    (collectively, “Moral Rights”). To the extent such Moral Rights cannot be assigned under applicable law
    and to the extent the following is allowed by the laws in the various countries where Moral Rights exist, the Employee hereby
    waives such Moral Rights and consents to any action of the Company that would violate such Moral Rights in the absence of
    such consent.

 

    	Employee: ______________________________________
Company: ______________________________________

	Page 11 of 14

     

    

 

	 	3.6.	The
    Employee agrees to assist the Company, at the Company’s expense, in every proper way to obtain for the Company and enforce
    patents, copyrights, mask work rights, and other legal protections for the Company Inventions in any and all countries. The
    Employee will execute any documents that the Company may reasonably request for use in obtaining or enforcing such patents,
    copyrights, mask work rights, trade secrets and other legal protections. Such obligation shall continue beyond the termination
    of the Employee’s engagement with the Company. The Employee hereby irrevocably designates and appoints the Company and
    its authorized officers and agents as the Employee’s agent and attorney in fact, coupled with an interest to act for
    and on the Employee’s behalf and in the Employee’s stead to execute and file any document needed to apply for
    or prosecute any patent, copyright, trademark, trade secret, any applications regarding same or any other right or protection
    relating to any Proprietary Information (including Company Inventions), and to do all other lawfully permitted acts to further
    the prosecution and issuance of patents, copyrights, trademarks, trade secrets or any other right or protection relating to
    any Proprietary Information (including Company Inventions), with the same legal force and effect as if executed by the Employee
    himself.

 

	 	3.7.	For
    the removal of any doubt, it is hereby clarified that the provisions contained in this Section 3 will apply also to any “Service
    Inventions” as defined in the Israeli Patent Law, 1967 (the “Patent Law”). However, in no event will
    such Service Invention become the property of the Employee and the provisions contained in Section 132(b) of the Patent Law
    shall not apply unless the Company provides in writing otherwise. The Employee will not be entitled to royalties or other
    payment with regard to any Company Inventions, Service Inventions or any of the intellectual property rights set forth above,
    including any commercialization of such Company Inventions, Service Inventions or other intellectual property rights and the
    Employee hereby explicitly, irrevocably and unconditionally waives the right to receive any such additional royalties, consideration
    or other payments. Without derogating from the aforesaid, it is hereby clarified that the level of Employee’s compensation
    and consideration has been established based upon the aforementioned waiver of rights to receive any such additional royalties,
    consideration or other payments, and that the Employee’s compensation as an employee of the Company includes the full
    and final compensation and consideration to which the Employee may be entitled under law with respect to any Company Inventions,
    Service Inventions, or other intellectual property rights. This clause constitutes an express waiver of Employee’s rights
    under Section 132 of the Patent Law.

 

	 	3.8.	Without
    derogating from the provisions of this Section 3, it is clarified that the Employee conclusively and irrevocably agrees that
    under no circumstances shall the Employee be entitled to take any measures whatsoever against the Company, directly or indirectly,
    alone or through a representative, whether legal or otherwise, where the remedy sought, whether as the principal remedy or
    as a secondary remedy, is a restraining order and/or an injunction and/or a specific performance order and/or any other remedy
    which entails placing a limitation on the use by the Company or anyone on its behalf of the Inventions (hereinafter –
    “Operative Orders”). It is clarified that the Employee shall not under any circumstances be entitled to
    obtain Operative Orders, whether all or some, against the Company or anyone on its behalf, in an action or any other proceeding
    initiated by the Employee or someone on his behalf against the Company, the foregoing whether it is alleged (contrary to this
    Proprietary Information, Assignment of Inventions and Non-Competition Agreement and in breach of it) that the Employee supposedly
    has rights in the Inventions, or whether it is alleged that there is an entitlement to remedies based on other grounds.

 

	 	4.	Non-Competition;
    Non-Solicitation

 

	 	4.1.	In
    consideration of the Employee’s terms of employment hereunder, which include special compensation for the Employee’s
    undertakings under this Section 4.1 and the following Section 4.2, and in order to enable the Company to effectively protect
    its Proprietary Information, the Employee agrees and undertakes that he will not, so long as the Agreement is in effect and
    for a period of twelve (12) months following termination or expiration of the Agreement, for any reason whatsoever, directly
    or indirectly, in any capacity whatsoever, engage in, become financially interested in, be employed by, or have any connection
    with any business or venture that is engaged in any activities competing with the activities of the Company.

 

    	Employee: ______________________________________
Company: ______________________________________

	Page 12 of 14

     

    

 

	 	4.2.	The
    Employee agrees and undertakes that during the employment relationship and for a period of twelve (12) months following termination
    or expiration of this engagement for whatever reason, the Employee will not, directly or indirectly, including personally
    or in any business in which the Employee may be an officer, director or shareholder, solicit for employment any person who
    is employed by the Company, or any person retained by the Company as a consultant, supplier, advisor or the like who is subject
    to an undertaking towards the Company to refrain from engagement in activities competing with the activities of the Company
    (for purposes hereof, a “Consultant”), or was retained as an employee or a Consultant during the six months
    preceding termination of the Employee’s employment with the Company.

 

	 	5.	Reasonableness
    of Protective Covenants

 

Insofar
as the protective covenants set forth in this Schedule are concerned, the Employee specifically acknowledges, stipulates and agrees
as follows: (i) the protective covenants are reasonable and necessary to protect the goodwill, property and Proprietary Information
of the Company, and the operations and business of the Company; and (ii) the time duration of the protective covenants is reasonable
and necessary to protect the goodwill and the operations and business of Company, and does not impose a greater restrain than
is necessary to protect the goodwill or other business interests of the Company. Nevertheless, if any of the restrictions set
forth in this Schedule is found by a court having jurisdiction to be unreasonable or overly-broad as to geographic area, scope
or time or to be otherwise unenforceable, the parties hereto intend for the restrictions set forth in this Schedule to be reformed,
modified and redefined by such court so as to be reasonable and enforceable and, as so modified by such court, to be fully enforced.

 

	 	6.	Remedies
    for Breach

 

The
Employee acknowledges that the legal remedies for breach of the provisions of this Schedule may be found inadequate and therefore
agrees that, in addition to all of the remedies available to the Company in the event of a breach or a threatened breach of any
of such provisions, the Company may also, in addition to any other remedies which may be available under applicable law, obtain
temporary, preliminary and permanent injunctions against any and all such actions.

 

	 	7.	Intent
    of Parties

 

The
Employee recognizes and agrees: (i) that this Schedule is necessary and essential to protect the business of the Company and to
realize and derive all the benefits, rights and expectations of conducting Company’s business; (ii) that the area and duration
of the protective covenants contained herein are in all things reasonable; (iii) that good and valuable consideration exists under
the Agreement, for the Employee’s agreement to be bound by the provisions of this Schedule; and (iv) that the terms of this
Schedule are in addition to, and do not derogate from, any obligation to which the Employee may be subject under applicable law
or any other agreement or Company’s policy.

 

	/S/
    Oded Bashan	 	/S/Sharon
    Levkoviz
	I.R.
    Med Ltd.	 	Sharon
    Levkoviz
	By:
    	Oded
    Bashan	 	 
	Title:
    	Chairman	 	 

 

    	Employee: ______________________________________
Company: ______________________________________

	Page 13 of 14

     

    

 

Appendix
1

 

Current/Prior
Inventions

 

I,
the undersigned, represent and warrant that except as specifically set forth herein below, as of the day of my first engagement
with the Company, I have not, in any time in the past made, alone or jointly with others, conceived, reduced to practice or created
any Inventions related in any way, directly or indirectly, to the field of business of the Company, or to current or anticipated
research and development, and have no rights, as co-inventor or otherwise, in any such Inventions:

 

	 	[X]	THERE ARE NONE.
	 	 	 
	 	[_]	THERE ARE THE FOLLOWING (STATE ANY
    AND ALL INVENTIONS):

_______________________________________________________________________

_______________________________________________________________________

_______________________________________________________________________

_______________________________________________________________________

_______________________________________________________________________

 

IF
THE UNDERSIGNED EXECUTES THIS APPENDIX BUT REFRAINS FROM MARKING EITHER OF THE BOXES ABOVE, THE UNDERSIGNED SHALL BE DEEMED TO
HAVE MARKED THE BOX LABELLED “THERE ARE NONE”, THUS ACKNOWLEDGING THAT THE UNDERSIGNED HAS NOT MADE, CONCEIVED, REDUCED
TO PRACTICE OR CREATED ANY INVENTIONS AS DESCRIBED ABOVE.

 

To
the extent that any inventions are listed above, as well as with respect to any future and related developments and improvements
thereto, whether or not patentable or registrable, copyrightable or protectible as trade secrets (collectively, “Employee
Inventions”) -

 

(a)
I shall not use any Employee Inventions in the performance of any tasks as an employee of the Company, and I shall not disclose
any proprietary information related to the Employee Inventions to any Company personnel (managers, employees, consultants, etc.).

 

(b)
Notwithstanding the aforesaid, to the extent that any Employee Inventions are found to have been incorporated into, included in
or otherwise used in conjunction or in connection with any Company intellectual property, and specifically any Company Inventions,
or to the extent that any Company intellectual property, and specifically any Company Inventions, are found to be based or relying
on any Employee Inventions or making use thereof in any manner, I hereby irrevocably grant the Company and its assignees a worldwide,
irrevocable, transferable, free of any charge or royalties, license and right to use the Employee Inventions to such extent, and
I hereby agree and undertake not to raise any claims against the Company or its assignees with respect to any such use of Employee
Inventions, entitlement to any compensation or consideration, or any “Moral Rights” in such Employee Inventions (“Moral
Rights” mean any rights of paternity or integrity, any right to claim authorship of an invention, to object to any distortion,
mutilation or other modification of, or other derogatory action in relation to, any invention, whether or not such would be prejudicial
to my honor or reputation, and any similar right, existing under judicial or statutory law of any country in the world, or under
any treaty, regardless of whether or not such right is denominated or generally referred to as a “moral right”).

 

	 	Signature:	/s/
    Sharon Levkoviz

	 	Name:
    	Sharon
    Levkoviz

 

    	Employee: ______________________________________
Company: ______________________________________

	Page 14 of 14Exhibit
10.12

 

EMPLOYMENT
AGREEMENT

 

THIS
AGREEMENT is entered into effect on December__ 2020 (the “Effective Date”), by and between IR-Medical LTD,
R.N. 51-4824952 a private company incorporated under the laws of the State of Israel and maintaining its principal place of business
at Rosh Pina Industrial zone , Israel (the “Company”), and Limor Davidson Mund I.D. number 029626827, residing at
Hod Hasharon, Israel (the “Executive”).

 

	WHEREAS:	The
    Company is engaged, inter alia, in the development of non-invasive Infra-Red spectrographic analysis products (the “Technology”);
    and
	 	 
	WHEREAS:	The
    Company desires to employ the Executive as Chief Executive Officer (the “CEO”) of the Company and its parent company
    International Display and Advertising Inc. (which is intended to be renamed IR-Med, Inc.) (the “Parent”); and
	 	 
	WHEREAS	the
    Executive represents that she has the required skill and knowledge to serve as CEO of the Company and Parent and she desires
    to engage in such employment, according to the terms and conditions hereinafter set forth.

 

NOW,
THEREFORE, in consideration of the respective agreements of the parties contained herein, the parties agree as follows:

 

	1.	Employment

 

	 	A.	The
    Company agrees to employ the Executive and the Executive agrees to be employed by the Company on the terms and conditions set out
    in this Agreement.
	 	 	 
	 	B.	The
    Executive shall be employed by the Company as the CEO of the Company and Parent.
	 	 	 
	 	C.	The
    Executive shall perform the duties, and responsibilities as specified and approved, by the board of directors, according to the company
    strategy plan and related goals, in a loyal, diligent and dedicated manner and to the best of her skills and expertise.
	 	 	 
	 	D.	The
    Company agrees that the Executive may provide consulting services and may own equity in other business entities, provided that such
    activities do not conflict with the business and affairs of the Company. Executive shall work at the Company/Parent at least twenty-two
    (22) days per month.
	 	 	 
	 	E.	The
    Executive’s position, duties and responsibilities hereunder shall be in the nature of management duties that demand a special
    degree of personal care and loyalty and therefore the directives of the Work Hours and Rest Law, 5711 – 1951 (the “Work
    Hours and Rest Law”), or any law to be enacted in its place, shall not be applicable regarding to the Executive or to the
    activities the Executive will perform for the Company/Parent. Accordingly, the statutory limitations of this law or any employment
    law or regulation shall not apply to this Agreement. The Executive further acknowledge and agree that the Salary and benefits provided
    for in this Agreement include a proper and just reward for the requirements of her position and status and her obligation to work
    additional and irregular hours. Accordingly, The Executive acknowledge that she will not be entitled to any further remuneration
    or payment whatsoever other than the Compensation and benefits set out in this Agreement. As per the requirements under applicable
    law, executive shall cooperate with the Company/Parent in maintaining a record of the number of hours of work performed, in accordance
    with the Company’s policy and instructions.

 

    	 

     

    

 

	2.	Compensation

 

	 	A.	The
    Executive will be entitled to compensation as defined in Exhibit A to this Agreement (the “Compensation”),
    as may be amended from time to time.
	 	 	 
	 	B.	It
    is explicitly declared and agreed that the Compensation is the sole and complete compensation the Executive is entitled to in exchange
    for the services she will execute according to this Agreement.

 

	3.	Directors
    and Officers’ (D&O) Liability Insurance.

 

	 	A.	Upon
    signature of this agreement, the Company shall purchase and obtain on behalf of the Executive directors & officers liability
    insurance (“D&O Insurance”) with coverage that is sufficient to cover Executive’s activities hereunder
    and shall provide the Executive with a written undertaking of the Parent to indemnify and release the Executive to the full extent
    possible in accordance with the Israeli Companies Law 5759-1999 and, if relevant, the applicable law of the relevant state in USA
	 	 	 
	 	B.	The
    Company undertakes to ensure that the Parent will maintain the D&O Insurance and pay all premiums thereof during the term of
    this Agreement and for a period of seven (7) years following expiration and/or termination of the Agreement for any reason whatsoever.

 

	4.	Termination

 

	 	A.	This
    Agreement shall be effective as of the Effective Date, for a period of three (3) years and will be automatically renewed for consecutive
    periods of one (1) year, unless terminated according to the law and the terms hereunder.
	 	 	 
	 	B.	It
    is generally agreed that all the rules and regulations regarding hiring, a hearing before termination, a prior notice period, etc.,
    will apply on the relationship between the parties.
	 	 	 
	 	C.	Notwithstanding
    the above, the Company may terminate this Agreement at any time, subject to reasons being provided, to the duty of hearing and any
    other legal duty applicable to it. The Executive may terminate this Agreement for any reason. It is hereby agreed that the mutual
    prior notice period before termination will be as set forth in Exhibit A (the “Notice Period”), but in
    no event less than the minimum required by law.

 

    	-2-

     

    

 

	 	D.	The
    Company may terminate Executive’s employment for a proven Cause (as defined herein below), in which event there shall be no
    Notice Period; provided however, that the Company has specified the basis for the termination in the written notice delivered to
    the Executive, and allowed her to defend herself against it, subject to any law, including the rules of the hearing. For the purposes
    hereof, “Cause” shall mean: (i) conviction of Executive of any felony; (ii) fraud, embezzlement of funds of the
    Company/Parent by the Executive; or (iii) activity by Executive constituting direct competition with the Company. (c) falsification
    of records or reports; (d) any breach of her fiduciary duties or duties of care, trust or loyalty to the Company or any affiliate
    of the Company, including the Parent (except for conduct taken in good faith) or breach of this Agreement, which, to the extent such
    breach is curable, has not been cured by her within 15 days after its receipt of notice thereof from Company containing a description
    of the breach or breaches alleged to have occurred; (e) any breach of confidentiality or non-competition obligations towards the
    Company/Parent; and (f) any other act or omission that constitutes “cause” under Sections 16 and 17 of the Severance
    Pay Law, 5713 – 1953 (the “Severance Law”).]
	 	 	 
	 	E.	Immediately
    upon termination, the Executive shall transfer her position to her replacement in an orderly and complete manner and shall return
    to the Company all documents, professional literature and equipment belonging to the Company/Parent, which may be in her possession
    at such time. Notwithstanding the foregoing, the Company may elect to immediately cease Executive’s employment under this Agreement,
    provided that the Company continues to pay the Compensation for the duration of the Notice Period.
	 	 	 
	 	F.	In
    the event of any termination of employment, whether or not for Cause, and at any time upon the Company’s request, Executive
    will promptly deliver to the Company, or destroy, in accordance with the Company’s request, all (i) documents, data, records
    and other information pertaining to her employment, the Confidential Information and/or the Company’s Technology), and (ii)
    any other equipment belonging to the Company in her possession, and Executive hereby waive any right for a possessory lien with respect
    to, any documents or data, or any copy or reproduction or excerpt of any documents or data, containing or pertaining any Confidential
    Information (as defined in Exhibit B) and/or the Company Technology. Upon the Company’s request, Executive agree to promptly
    provide written certification of the return or destruction of the above, as applicable.

    	-3-

     

    

 

	 	G.	At
    the end of the Notice Period, pursuant to Section 14 of the Severance Pay Law 5727-1963 (the “Severance Law”),
    the Company shall automatically transfer to the Executive ownership over her Manager’s Insurance Policy, including severance
    payments and Advanced Education Fund. The Company and Executive agree and acknowledge that in the event the Company transfers ownership
    of the Executive’s Manager’s Insurance Policy to the Executive, the severance portion thereof shall constitute the full
    payment towards any severance pay the Company may be required to pay to the Executive pursuant to the Severance Law, and the general
    permit pursuant to Section 14 of the Severance Law, as long as the Manager’s Insurance Policy contains all payments due by
    law.

 

	5.	Competitive
    Activity

 

During
the term of this Agreement and for a period of twelve (12) months from the termination date of this Agreement, the Executive will not
directly or indirectly:

 

	 	A.	Carry
    on or hold an interest in any company, venture, entity or other business (other than an interest of less than 5% in a publicly traded
    company) which directly competes with the Technology;
	 	 	 
	 	B.	Act
    as a consultant or executive or officer or in any managerial capacity in a business directly competing with the Technology;
	 	 	 
	 	C.	Solicit,
    canvass or approach or endeavor to solicit, canvass or approach any person who, to her knowledge, was provided with services by the
    Company, Parent or subsidiaries at any time during the twelve (12) months immediately prior to the termination date, for the purpose
    of offering services or products which directly compete with the Technology; or
	 	 	 
	 	D.	Employ,
    solicit or entice away or endeavor to solicit or entice away from the Company, Parent or subsidiaries any person employed by the
    Company or its subsidiaries any time during the twelve (12) months immediately prior to the termination date with a view to inducing
    that person to leave such employment and to act for another employer in the same or a similar capacity.

 

	6.	Ownership
    and Protection of Intellectual Property and Confidential Information: 

 

The
Executive shall execute the Employee Proprietary Information, Non-Competition and Inventions Agreement in the form attached hereto as
Exhibit B.

 

	7.	Company
    Policies

 

	 	A.	Executive
    agrees to adhere and comply with the rules and policies of the Company as may be published by the Company from time to time.
	 	 	 
	 	B.	Sexual
    Harassment. The Company sees violations of the Law for Prevention of Sexual Harassment (the “Sexual Harassment Law”)
    in a severe light. Executive hereby acknowledges that she has been informed of the Company’s policy regarding sexual harassment,
    including the existence of Company guidelines for the prevention of sexual harassment that may be received at any time from the employee
    in charge of enforcing the Sexual Harassment Law in the Company, and that violating the Sexual Harassment Law Sexual, or said Company
    guidelines constitutes, among other things, a severe disciplinary offence and a Cause.

 

    	-4-

     

    

 

	 	C.	The
    use of the Company/Parent’s devices and equipment, including computers, e-mail accounts, phones, and so on, is intended for
    professional use and for executing your duties in the Company, only.
	 	 	 
	 	D.	Executive
    hereby grant consent to the Company and its affiliates, and its/their employees, wherever they may be located, to utilize and process
    her personal information, including data collected by the Company/Parent for purposes related to her employment. This may include
    transfer of Executive’s personnel records outside of Israel and further transfers thereafter. All personnel records are considered
    confidential and access will be limited and restricted to individuals with need to know or process that information for purposes
    relating to Executive’s employment only, such as management teams and human resource personnel. The Company/Parent may share
    personnel records as needed solely for such purposes with third parties assisting human resources administration

 

	8.	Notice

 

	 	A.	For
    this Agreement, notices and all other communications provided for in the Agreement shall be in writing and shall be deemed to have
    been duly given when personally delivered or sent by registered mail, postage prepaid, addressed to the respective addresses set
    forth below or last given by each party to the other, except that notice of change of address shall be effective only upon receipt.
	 	 	 
	 	B.	The
    initial addresses of the parties for purposes of this Agreement shall be as set forth in the preamble hereto.

 

	9.	Miscellaneous

 

	 	A.	No
    provision of this Agreement may be modified, waived or discharged unless such waiver, modification or discharge is agreed to in writing
    and signed by the Executive and the Company. No waiver by either party hereto at any time of any breach by the other party hereto
    of, or compliance with, any condition or provision of this Agreement to be performed by such other party shall be deemed a waiver
    of similar or dissimilar provisions or conditions at the same or at any prior or subsequent time.
	 	 	 
	 	B.	This
    Agreement shall be governed by and construed and enforced in accordance with the laws of the State of Israel and sole jurisdiction
    shall be granted to the competent courts in the Tel-Aviv district.
	 	 	 
	 	C.	The
    provisions of this Agreement shall be deemed severable and the invalidity or unenforceability of any provision shall not affect the
    validity or enforceability of the other provisions hereof.
	 	 	 
	 	D.	This
    Agreement constitutes the entire agreement between the parties hereto and supersedes all prior agreements, understandings and arrangements,
    oral or written, between the parties hereto with respect to the subject matter hereof. No agreement or representations, oral or otherwise,
    express or implied, with respect to the subject matter hereof have been made either party which is not expressly set forth in this
    Agreement.

 

    	-5-

     

    

 

	 	E.	This
    Agreement shall be binding upon and shall inure to the benefit of the Company/Parent, its Successors and Assigns, and the Company
    shall require such successor or assign to expressly assume and agree to perform this Agreement in the same manner and to the same
    extent that the Company would be required to perform it if no such succession or assignment had taken place. The term “Successors
    and Assigns” as used herein shall mean a corporation or other entity acquiring all or substantially all the assets and
    business of the Company (including this Agreement), whether by operation of law or otherwise.
	 	 	 
	 	F.	Neither
    this Agreement nor any right or interest hereunder shall be assignable or transferable by the Executive, her beneficiaries or legal
    representatives, except by will or by the laws of descent and distribution. This Agreement shall inure to the benefit of and be enforceable
    by the Executive’s legal personal representative.
	 	 	 
	 	G.	The
    provisions of Sections 5 and 6 of this Agreement shall survive the rescission or termination, for any reason, of this Agreement,
    and shall survive the termination of the Executive’s employment with the Company.
	 	 	 
	 	H.	The
    section headings contained herein are for reference purposes only and shall not in any way affect the meaning or interpretation of
    this Agreement.

 

    	-6-

     

    

 

IN
WITNESS WHEREOF, the parties have executed this Agreement as of the day and year first above written.

 

	IR-Medical
    Ltd.	 
	 	 	 
	By:	Aharon
    Klein	 
	Title:	 	 
	Signature:	/S/
    Aharon Klein	 

 

	Executive	 	 
	 	 	 
	Limor
    Davidson Mund (ID:__029626827____________)	 
	 	 
	Signature:	/S/
                                            Limor Davidson Mund

    
	 

 

    	-7-

     

    

 

Exhibit
A

 

Compensation

 

	1.	Salary
    

 

	 	a.	In
    consideration for the Executive’s services, the Company will pay the Executive a monthly gross salary of NIS 35,000 (the “Salary”),
    which shall be paid to Executive no later than the 9th day of each month with respect to the preceding month, in accordance
    with the Company’s payroll practices.
	 	 	 
	 	b.	Executive
    acknowledges that she shall not be entitled to any further remuneration or payment whatsoever other than the Salary and benefits
    set forth in this Exhibit A, unless expressly specified in the Agreement.
	 	 	 
	 	c.	In
    addition, the Company shall deduct from the Salary, and Executive hereby consents to such deductions, all national insurance fees,
    health insurance fees, income tax and any other amounts required by law, and shall provide Executive with requisite documentation
    regarding such deductions.
	 	 	 
	 	d.	Executive
    agrees that the Company shall be entitled to set off from any payment due to her, any sums which she may from time to time owe the
    Company with respect to the Agreement.

 

	2.	Options

 

	 	2.1.	The
    Company hereby undertakes to cause the Parent to grant the Executive options to purchase 1,000,000 shares of Common Stock of the
    Company (the “Option Shares”). The Options shall vest in four (4) equal quarterly installments, starting on the
    first anniversary of the Effective Date. The Options shall be subject to the adoption of the Parent’s global share incentive
    plan (the “Plan”), by the Parent and its approval by the Israel Tax Authority, and any vested Options shall be
    exercisable by the Executive at any time during a period of five (5) years from the vesting commencement date (the “Option
    Expiration Date”).
	 	 	 
	 	2.2.	Subject
    to the approval of the Plan, the options shall be granted to Executive pursuant to the Plan. The Plan shall be made and approved
    in accordance with Section 102 of the Israeli Tax Ordinance, as amended (“Section 102”), and the options shall
    be classified as Section 102 Capital Gains Options.
	 	 	 
	 	2.3.	The
    exercise price per each share underlying the Option Shares in accordance with Section 1 to this Exhibit shall be equal to of the
    price per share in the last financing round made prior to the Effective Date, which is equal to US$ 0.32. The exercise of all or
    part of the Vested Options shall be at the Executive’s sole discretion. The Company shall ensure that the Parent make its all
    commercially reasonable efforts to register the Option Shares and to include them in the first public registration statement to be
    filed.

 

    	-8-

     

    

 

	3.	Bonuses.
    In addition to the above, the Executive may be entitled to receive bonuses as follows: 

 

	 	3.1.	Upon
    the Company/Parent’s first product receiving regulatory approval to be sold in the U.S. and/or the E.U. - a cash bonus of $25,000
    and 150,000 options
	 	 	 
	 	3.2.
    	In
    the event that the Company/Parent reaches annual revenue of at least $3,000,000 within three (3) years from the Effective Date -
    a cash bonus of $25,000 and 150,000 options
	 	 	 
	 	3.3.	In
    the event that the Parent raises at least $5,000,000 in a public offering, PIPE or any other equity transaction, within two (2) years
    following the closing of the merger transaction between IR-Med Ltd., and International Display Advertising, Inc. - a cash bonus of
    $25,000 and 250,000 options
	 	 	 
	 	3.4.	The
    exercise price of all options pursuant to this Section 2, shall be $0.32. The options will start vesting immediately upon the bonus
    event in two equal half-yearly installments, and vested options will be exercisable for five (5) years following such bonus event.

 

	4.	Benefits

 

	 	4.1.	Manager’s
    Insurance. The Company shall contribute an amount equal to 8.33% of the monthly Salary payment that
    are designated for severance payments. In addition, the Company shall contribute an amount equal to 6.5%of the monthly salary payment
    that are designated for premium payments to pension fund, or up to 7.5% (including disability insurance) designated for premium payment
    to managers insurance, subject to employee decision, – the “Company Contribution”) and the Executive shall
    contribute six percent (6%) of the monthly Salary payment (the “Executive’s Contribution”) toward the premiums
    payable in respect of such insurance (the “Manager’s Insurance Policy”). The Executive hereby instructs
    the Company to transfer to the Manager’s Insurance the amounts of the Executive’s and the Company’s Contributions
    from each monthly Salary payment, on account of the Manager’s Insurance Policy
	 	 	 
	 	4.2.	The
    Company and Executive agree and acknowledge that the Company Contribution to the Manager’s Insurance Policy in accordance with
    the above paragraph, shall, provided contribution is made in full, be instead of severance payment to which Executive (or Executive
    beneficiaries) are entitled with respect to the Salary upon which such contributions were made and for the period in which they were
    made (the “Exempt Salary”), pursuant to Section 14 of the Severance Pay Law 5723-1963 (the “Severance
    Law”). The parties hereby adopt the General Approval of the Minister of Labor and Welfare, published in the Official Publications
    Gazette No. 4659 on June 30, 1998, which is attached hereto as Exhibit C (the “General Approval”).
    In accordance with the General Approval, the Company hereby forfeits any right it may have in the reimbursement of sums paid by the
    Company into the Manager’s Insurance Policy, except: (i) in the event that Executive withdraw such sums from the Manager’s
    Insurance Policy, other than in the event of death, disability or retirement at the age of 60 or more; or (ii) upon the occurrence
    of any of the events provided for in Sections 16 and 17 of the Severance Law. Nothing in this Agreement shall derogate from the Executive’s
    entitlement to severance payment in accordance with the Severance Law, a collective agreement (if applicable) or extension permit
    (if applicable) in respect of salary beyond the Exempt Salary. In the event of a conflict between this Agreement and the General
    Approval, the provisions of the General Approval shall prevail.

 

    	-9-

     

    

 

Sick
Leave. Executive shall be entitled to sick leave in accordance with the Sick Pay Law - 1976. Notwithstanding
the aforesaid, Executive will be entitled to full Salary from the first day of sick leave. Executive
shall not be entitled to any compensation with respect to unused sick leave.

 

	 	4.3.	Annual
    Recreation Allowance (Dme’i Havra’a). The Executive will receive annual recreation allowance, in accordance with
    applicable law.

 

Educational
Fund. The Company shall transfer the following sums, each month, to a study fund chosen by the Executive (the “Advanced
Education Fund”): (a) 2.5% of the Salary, to be deducted from the Salary; and (b) a sum equal to 7.5% of the Salary, to be
contributed by the Company. It is clarified that unless the Executive instructs the Company, in writing, to transfer the Company’s
contributions exceeding that recognized for such purpose by the Tax Authorities directly to the Executive as part of the Salary, such
contributions shall be transferred to the Advanced Education Fund. For the avoidance of doubt, any and all tax charges in connection
with the Company’s contributions shall be borne solely by the Executive. Upon termination of employment, the Company will remit
to the Executive all sums accumulated for Executive’s benefit in the Advanced Education Fund.

 

	 	4.4.	Vacation days. Executive
    shall be entitled to eighteen (18) vacation days per year (excluding holidays and official non-working
    days). Executive shall have the right for compensation with respect to unused vacation days of
    up to five (5) days a year. Executive shall have the right to accumulate up to five (5)
    days per year.
	 	 	 
	 	4.5.	Out of Pocket Expenses.
    The Company shall pay or reimburse the Executive for expenses incurred on behalf of the Company in Israel and during business trips
    outside of Israel, in accordance with the Company’s applicable policy. Reimbursement of such expenses shall be made upon the
    presentation by the Executive to the Company of itemized accounts or receipts, satisfactory to the Company.
	 	 	 
	 	4.6.	Transportation.
    In addition to the Salary, Executive shall be paid reimbursement for her travel expenses to and from the wrok place, in an amount
    equal to NIS 1,500 per month.
	 	 	 
	 	4.7.	Mobile Phone. During
    the term of this Agreement, the Company may provide Executive with a Company’s mobile phone for use in connection with her
    services, in accordance with the Company’s applicable policies in effect from time to time.

 

	5.	Notice
    Period: The Notice Period shall be 90 days.

 

    	-10-

     

    

 

	IR-Med
    Ltd.	 
	 	 	 
	By:	Aharon
    Klein	 
	Title:	 	 
	Signature:	/S/
    Aharon Klein	 

 

	Executive	 
	 	 
	Limor
    Davidson Mund (ID:____________)	 
	 	 
	Signature:	/S/
    Limor Davidson Mund	 

 

Exhibit
B

 

EMPLOYEE
PROPRIETARY INFORMATION, NON-COMPETITION

AND
INVENTIONS AGREEMENT

 

I,
the undersigned, Limor Davidson Mund (the “Employee”) acknowledge that as a result of my employment, I have in the
past and/or may continue to develop, receive, or otherwise have access to confidential or proprietary information, which is of value
to IR Med Ltd. (together with any affiliate, parent company or subsidiary, the “Company”). I therefore agree, as of
the commencement of engagement between me and the Company, regardless of the date of execution of the Agreement, as a condition of my
employment, as follows:

 

1.
Definitions.

 

1.1
The term “Proprietary Information” means any and all knowledge, data or information of the Company and relating thereto
that has come to my knowledge as a result of my work for the Company during my engagement. By way of illustration but not limitation,
“Proprietary Information” includes (a) trade secrets, inventions, mask works, ideas, processes, formulas, source and
object codes, data, programs, other works of authorship, know-how, improvements, discoveries, developments, designs and techniques (collectively
referred to as “Inventions”); and (b) information regarding plans for research, development, new products, marketing
and selling, business plans, budgets and unpublished financial statements, licenses, prices and costs, suppliers and customers; and (c)
information regarding the skills and compensation of other employees of the Company. It is clarified that the term will not include information
that is or has become public domain not by breach of my obligations.

 

1.2
The term “Proprietary Rights” shall mean all trade secrets, patents, copyrights, mask work and any other intellectual
property rights throughout the world.

 

1.3
The term “Company Inventions” means any Inventions that are made or conceived or first reduced to practice or created
by me, whether alone or jointly with others, during the period of my engagement with the Company, and which are: (i) developed using
equipment, supplies, facilities or Proprietary Information of the Company, (ii) result from work performed by me for the Company, or
(iii) related to the field of business of the Company, or to current or anticipated research and development.

 

    	-11-

     

    

 

1.4
The term “Company Proprietary Rights” means any Proprietary Rights in the Company Inventions.

 

2.
Nondisclosure.

 

2.1
Recognition of Company’s Rights; Nondisclosure. At all times during my employment and thereafter, I will hold in strictest
confidence and will not disclose, use, lecture upon or publish any of the Company’s Proprietary Rights, except as such disclosure,
use or publication may be required in connection with my work for the Company and in the best interest of the Company, or unless the
Company expressly authorizes such in writing. I hereby assign to the Company, without any further royalty or payment, any rights I may
have or acquire in such Proprietary Information and recognize that all Proprietary Information shall be the sole property of the Company
and its assigns. Notwithstanding the foregoing, it is understood that, at all such times, I am free to use information which is generally
known in the trade or industry, which is not gained as result of a breach of this Agreement or other conditions of my engagement with
the Company, to whatever extent and in whichever way I wish.

 

2.2
Third Party Information. I understand, in addition, that the Company has received and in the future will receive from third parties
confidential or proprietary information (“Third Party Information”) subject to a duty on the Company’s part
to maintain the confidentiality of such information and to use it only for certain limited purposes. During the term of my employment
and thereafter, I will hold Third Party Information that has come to my knowledge from the Company during my employment period in the
strictest confidence and will not disclose to anyone (other than Company personnel who need to know such information in connection with
their work for the Company),and I will not use, except in connection with my work for the Company and in the best interest of the Company,
Third Party Information unless previously expressly authorized by the Company in writing.

 

2.3
No Improper Use of Information of Prior Employers and Others. During my employment by the Company, I will not improperly use or
disclose any confidential information or trade secrets, if any, of any former employer or any other person to whom I have an obligation
of confidentiality, and I will not bring onto the premises of the Company any unpublished documents or any property belonging to any
former employer or any other person to whom I have an obligation of confidentiality unless consented to in writing by that former employer
or person.

 

3.
Acknowledgement of Ownership; Assignment.

 

3.1
Prior Inventions. Section ‎3.3 below will not apply with respect to Inventions, if any, patented or unpatented, which
I made prior to the commencement of my engagement with the Company. I have attached hereto, as Annex 1, a complete list of: (i) all Inventions
to which I claim ownership and desire to remove from the scope of this Agreement, and acknowledge that such list is complete (the “Prior
Inventions”), and (ii) any invention, improvement, development, concept, discovery or other proprietary information owned by
me or in which I have an interest (“Employee Proprietary Information”). If no such list is attached to this Agreement,
I hereby represent that I have no such Prior Inventions or Employee Proprietary Information at the time of this Agreement. I agree that
I will not incorporate, or permit to be incorporated, any Prior Invention or Employee Proprietary Information in any Company product,
process, machine or service without the Company’s prior written consent. If, in the course of my employment with the Company, I
incorporate any Prior Invention or Employee Proprietary Information into any Company product, process, machine or service, then the Company
is hereby granted and shall have a nonexclusive, royalty-free, irrevocable, perpetual, worldwide license (with rights to sublicense through
multiple tiers of sublicensees) to make, have made, import, export, modify, reproduce, display, publish, distribute, make available,
use and sell such Prior Invention or Service Provider Proprietary Information (including through third parties on behalf of the Company),
in any manner and in any media, unless otherwise agreed in writing between me and the Company.. I hereby represent and undertake that
none of my previous employers or any entity with whom I was engaged, has any rights in any such Prior Inventions or Employee Proprietary
Information and I am not subject to any limitations with respect to being engaged in the proposed business of the Company and/or my employment
with the Company and such employment with the Company will not cause a breach of any of my agreements with the prior employers or entities
or grant any of them any right in the results of my work.

 

    	-12-

     

    

 

3.2
Disclosure of Inventions. I will promptly disclose in writing in confidence to the Company all Inventions deemed as Company Inventions.
I will also disclose to the Company all such Inventions made, discovered, conceived, reduced to practice, or developed
by me within six (6) months after the termination of my employment with the Company. Such disclosures shall be received by the Company
in strict confidence (to the extent such Inventions are not assigned to the Company pursuant to this Agreement).

 

3.3
Assignment of Inventions. I hereby assign and agree to assign in the future to the Company all my right, title and interest in
and to any and all Company Inventions and all Company Proprietary Rights whether or not patentable or registrable under copyright or
similar statutes that do not otherwise automatically vest in the Company.

 

3.4
Non-assignable Inventions or Proprietary Rights. This Agreement will not be deemed to require assignment of any Prior Inventions
or Employee Proprietary Information.

 

3.5
Government or Third Party. I also agree to assign all such rights, title and interests in and to any particular Company Invention
to any third party, including without limitation government agency, as directed by the Company.

 

3.6
Works Made for Hire. I acknowledge that all original works of which are made by me (solely or jointly with others) within the
scope of my employment the Company are and shall remain at all times the sole property of the Company pursuant to applicable copyright
law.

 

3.7
Assignment or Waiver of Moral Rights. Any assignment of copyright hereunder (and any ownership of a copyright as a work made for
hire) includes all rights of paternity, integrity, disclosure and withdrawal and any other rights that may be known as or referred to
as “moral rights” and including (but not limited to) any rights to file claims or obtain any remedy in connection therewith
(collectively “Moral Rights”). To the extent such Moral Rights cannot be assigned under applicable law and to the
extent the following is allowed by the laws in the various countries where Moral Rights exist, I hereby irrevocably waive such Moral
Rights and consent to any action of the Company that would violate such Moral Rights in the absence of such consent.

 

    	-13-

     

    

 

3.8
Enforcement of Proprietary Rights. I will assist the Company in every proper way to obtain, and from time to time enforce, any
Company Proprietary Rights and Company Inventions in any and all countries. To that end I will execute, verify and deliver such documents
and perform such other acts (including appearances as a witness) as the Company may reasonably request for use in applying for, obtaining,
perfecting, evidencing, sustaining and enforcing such rights and the assignment thereof. In addition, I will execute, verify and deliver
assignments of such rights to the Company or its designee. My obligation to assist the Company with respect to Company Proprietary Rights
and Company Inventions in any and all countries shall continue beyond the termination of my employment, but the Company shall bear all
related expenses and compensate me at a reasonable rate after my termination for the time actually spent by me at the Company’s
request on such assistance.

 

Service
Inventions. For the removal of any doubt, it is hereby clarified that the provisions contained in this Sections ‎3 will apply
also to any “Service Inventions” as defined in the Israeli Patent Law, 57-27-1967 (the “Patent Law”).
In no event will such Service Invention become my property and the provisions contained in Section 132(b) of the Patent Law shall not
apply unless the Company provides in writing otherwise.

 

I
acknowledge and agree that the salary and other benefits which I am entitled to receive from the Company by virtue of my employment or
engagement with the Company constitute the sole and exclusive consideration to which I am entitled, by virtue of any contract or law
(including, but not limited to, the Patent Law), in respect of any and all Company Inventions and Company Proprietary Rights (and the
assignment of the foregoing to the Company hereunder), and I hereby waive all past, present and future demands, contentions, allegations
or other claims, of any kind, in respect thereof, including the right to receive any additional royalties, consideration or other payments.
Without derogating from the aforesaid, it is hereby clarified that the level of my compensation and consideration has been established
based upon the aforementioned waiver of rights to receive any such additional royalties, consideration or other payment. This agreement
is expressly intended to be an agreement with regard to the terms and conditions of consideration for Service Inventions in accordance
with Section 134 of the Patent Law.

 

4.
Records. I agree to keep and maintain adequate and current records (in the form of notes, sketches, drawings and in any other
form that may be required by the Company) of all Proprietary Information developed by me and all Inventions made by me, which records
shall be available to and remain the sole property of the Company at all times.

 

5.
Competitive Activities. In consideration for my terms of employment hereunder, which
include special compensation for my undertakings under this Section ‎5, and in order to enable the Company to effectively
protect its Proprietary Information, and without derogating from any of the provisions of my employment agreement with the Company, I
agree and undertake that I will not, so long as the Agreement is in effect and for a period of twelve (12) months following termination
of the Agreement, for any reason whatsoever, directly or indirectly, in any capacity whatsoever, engage in, become financially interested
in, be employed by, or have any connection with any business or venture that is engaged in any activities competing with the activities
of the Company at such time or, to my knowledge as planned at the time of termination. I agree and undertake that during the employment
relationship and for a period of twelve (12) months following termination of this engagement for whatever reason, I will not, directly
or indirectly, including personally or in any business in which I may be an officer, director or shareholder, solicit for employment
any person who is employed by the Company, or any person retained by the Company as a consultant, advisor or the like (for purposes hereof,
a “Consultant”), or was retained as an employee or a Consultant during the twelve (12) months preceding termination
of my employment with the Company.

 

    	-14-

     

    

 

6.
No Conflicting Obligation. I represent that my performance of all the terms of this
Agreement and as an employee of the Company does not and will not breach any agreement to keep in confidence information acquired by
me in confidence or in trust prior to my employment by the Company. I have not entered into, and I agree I will not enter into, any agreement
either written or oral in conflict herewith.

 

7.
Return of Company Documents. When I leave the employ of the Company, I will promptly
deliver to the Company any and all drawings, notes, memoranda, specifications, devices, formulas, and documents, together with all copies
thereof, and any other material containing or disclosing any Company Inventions, Third Party Information or Proprietary Information of
the Company.

 

8.
Notification of New Employer. In the event that I leave the employ of the Company,
I hereby consent to the notification of my new employer of my rights and obligations under this Agreement.

 

9.
General Provisions.

 

9.1
Severability. In case any one or more of the provisions contained in this Agreement shall, for any reason, be held to be invalid,
illegal or unenforceable in any respect, such invalidity, illegality or unenforceability shall not affect the other provisions of this
Agreement, and this Agreement shall be construed as if such invalid, illegal or unenforceable provision had never been contained herein.
If moreover, any one or more of the provisions contained in this Agreement shall for any reason be held to be excessively broad as to
sums, duration, geographical scope, activity or subject, it shall be construed by limiting and reducing it, so as to be enforceable to
the extent compatible with the applicable law as it shall then appear.

 

9.2
Successors and Assigns. This Agreement will be binding upon my heirs, executors, administrators and other legal representatives
and will be for the benefit of the Company, its successors, and its assigns.

 

9.3
Survival. The provisions of this Agreement shall survive the termination of my employment and the assignment of this Agreement
by the Company to any successor in interest or other assignee.

 

9.4
Waiver. No waiver by a party of any breach of this Agreement shall be a waiver of any preceding or succeeding breach. No waiver
by a party of any right under this Agreement shall be construed as a waiver of any other right. No party shall be required to give notice
to enforce strict adherence to all terms of this Agreement.

 

    	-15-

     

    

 

9.5
Entire Agreement. The obligations pursuant to this Agreement shall apply to any time during which I was previously employed, or
am in the future employed, by the Company as a consultant if no other agreement governs nondisclosure and assignment of inventions during
such period. This Agreement is the final, complete and exclusive agreement of the parties with respect to the subject matter hereof and
supersedes and merges all prior discussions or agreements between us with respect to the subject matter hereof. No modification of or
amendment to this Agreement, nor any waiver of any rights under this Agreement, will be effective unless in writing and signed by both
parties hereto. Any subsequent change or changes in my duties, salary or compensation will not affect the validity or scope of this Agreement.

 

9.6
Governing Law. This Agreement shall be governed by, and construed in accordance with the laws of the State of Israel, without
giving effect to the rules respecting conflict-of-law, and the competent courts of Tel-Aviv-Jaffa shall have exclusive jurisdiction over
all matters or disputes between arising out of or in connection with this Agreement.

 

9.7
Injunction. Any breach of this Agreement will cause irreparable harm to the Company, for which damages would not be a sufficient
and adequate remedy, and therefore, the Company will be entitled as a matter of right to injunctive relief (on an ex-parte basis or otherwise)
issued by any court of competent jurisdiction, restraining any violation, threatened violation or further violation of this Agreement
by me or others acting on my behalf. The Company’s right to injunctive relief shall be cumulative and in addition to any other
remedies provided by law or equity and without any requirement to post bond.

 

I
HAVE READ THIS AGREEMENT CAREFULLY AND UNDERSTAND ITS TERMS.

 

ACCEPTED
AND AGREED TO:

 

	Company:	 	 	Employee:	 
	 	 	 	 	 
	IR
    Medical Ltd.	 	Limor Davidson Mund
	 	 	 
	By:	Aharon
    Klein	 	 	 
	Title:	 	 	 	 
	 	 	 	 	 
	/S/
    Aharon Klein	 	/S/
    Limor Davidson Mund
	Signature	 	 	Signature	 
	Date	 ____________	 	Date	____________

 

    	-16-

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