Document:

810
Seventh Ave., 18th Fl.

New
York, NY 10019

(212)
813-1010

 

FINDER’S
AGREEMENT

 

This
agreement (the “Agreement”) is entered into as of October 14, 2016 between Motus GI Medical Technologies Ltd., an
Israeli company (the “Company”) and Aegis Capital Corp., a New York corporation (“Finder” or “Aegis”).

 

RECITALS

 

WHEREAS,
Finder represents that it will endeavor to introduce the Company to one or more Targets (as defined in Section 2 below) who may
be interested in an investment in newly issued securities of the Company (a “Transaction”).

 

WHEREAS,
the Company desires to engage the non-exclusive services of Finder to provide an introduction to such Targets in accordance with
the terms and conditions set forth in this Agreement.

 

AGREEMENT

 

NOW,
THEREFORE, in consideration of the premises and mutual covenants hereinafter contained, and for other good and valuable consideration
the receipt and sufficiency of which are hereby acknowledged, the parties agree as follows:

 

(1)
The Company engages Finder as the Company’s non-exclusive finder, to find Targets interested in effecting a Transaction.
Finder will endeavor to introduce the Company to such Targets.

 

(2)
For the purposes of this Agreement, “Targets” shall mean individuals or entities introduced to the Company by Finder
during the Term (as defined in Section 4 below).

 

(3)
If a Target enters into any Transaction during the Term, the Company will compensate the Finder, at the closing of each such Transaction,
in the form of (i) a cash fee equal to ten percent (10%) of the amount of such Target’s investment at each closing, and
(ii) a non-accountable expense allowance equal to three percent (3%) of the amount of such Target’s investment at such closing.
In addition, if the Target invests in notes of the Company and such notes are subsequently exchanged for equity units in a private
offering for which Finder acts as Placement Agent, Finder shall be issued Placement Agent Warrants in form and quantity identical
to those it receives for cash investors in such private offering, but shall not receive any cash compensation in such subsequent
exchange. In addition, the Company shall notify Finder at least three business days prior to any closing of any Transaction in
which any Target or Targets participate.

 

    	 	 	 

    	 	 	 

    

 

(4)
This Agreement shall remain in full force and effect until the earlier of January 31, 2017 or such date as the Finder is engaged
as Placement Agent for a private offering of equity securities that contemplates the exchange of Targets’ notes for units
of the private offering upon the first closing of the offering and consummation of a merger whereby the Company becomes a wholly-owned
subsidiary of a recently-formed corporation. termination date of Company’s private placement offering; provided, however,
that Sections 3,4,5 and 9-12 shall survive termination of this Agreement.

 

(5)
(a) Finder shall act as an independent contractor under this Agreement, and this Agreement does not create any partnership, joint
venture or other similar relationship between the Company and Finder and any duties arising out of its engagement shall be owed
solely to the Company. Finder shall have no authority to accept any order or to bind or obligate the Company in any way without
the Company’s prior written consent. As an independent contractor, Finder will be solely responsible for its income and
all other applicable taxes. Finder shall have no restrictions to on its ability to provide services to companies other than the
Company, except as stated herein.

 

(b)
The Company acknowledges that Finder has not done any due diligence with respect to any Target and that Finder makes no representations
whatsoever with respect to any Target (including without limitation its financial condition or its ability to perform any obligations
to which it is or may become bound), and the Company expressly agrees that Finder shall have no liability whatsoever in connection
with any Transaction it may enter into with a Target.

 

(6)
Finder understands and agrees that the Company, in its sole discretion, reserves the right to accept or reject, in whole or in
part, any offer by, or to withdraw any offer to, a Target introduced by Finder to enter into a Transaction.

 

(7)
The Company represents, warrants and covenants to Finder as follows:

 

(a)
The Company is duly organized and validly existing under the laws of the country of its formation and is duly qualified to do
business in each jurisdiction in which its business activities require such qualification, except where the failure to so qualify
or be authorized would not have a material adverse effect on its assets or on its business, operations or condition, financial
or otherwise.

 

(b)
The Company has full authority to execute and to perform this Agreement in accordance with its terms; the execution and delivery
of this Agreement and the consummation of the transactions contemplated hereby does not and will not result in a breach, violation
or default or give rise to an event which, with the giving of notice or after the passage of time, or both, would result in a
breach, violation or default of any of the terms or provisions of its Articles of Incorporation, By-Laws or other formation documents,
or of any indenture, other agreement, judgment, decree or other instrument or restriction to which it is a party or by which any
of its properties or assets may be bound or affected.

 

    	 	2	 

    	 	 	 

    

 

(c)
The execution and delivery of this Agreement and the consummation of the transactions contemplated hereby have been duly
authorized, and all requisite action on its part has been taken, and no further authorization or approval, whether of its
shareholders, directors or officers, or any governmental bodies or otherwise, will be necessary in order to enable it to
enter into and perform the same; and this Agreement constitutes a valid and binding obligation enforceable against it in
accordance with their respective terms, subject to applicable bankruptcy, insolvency, fraudulent conveyance, reorganization,
moratorium and similar laws affecting creditors’ rights and remedies generally.

 

(d)
Neither the Company nor, to the best of its knowledge, any of its directors or officers: (i) is subject to any order of the
SEC, the Financial Industry Regulatory Authority (“FINRA”) or any other federal, state, local or foreign
securities agency or self-regulatory organization or (ii) has been convicted within the past 10 years of any felony or
misdemeanor involving the solicitation, offer or sale of securities or the rendering of investment advice.

 

(8)
Finder represents, warrants and covenants to the Company as follows:

 

(a)
Finder has full authority to execute and to perform this Agreement in accordance with its terms, subject to applicable bankruptcy,
insolvency, fraudulent conveyance, reorganization, moratorium and similar laws affecting creditors’ rights and remedies
generally.

 

(b)
Finder is a member of FINRA and is registered as a broker-dealer under the Exchange Act of 1934.

 

(c)
Neither Finder nor its affiliates is subject to any of the disqualifications set forth in Rule 506(d) of Regulation D under
the Securities Act of 1933, as amended.

 

(9)
This Agreement shall be governed by and construed in accordance with the laws of the State of New York, without giving effect
to its conflict of law principles.

 

(10)
This Agreement, inclusive of Appendix A hereto, constitutes the entire agreement between the parties and supersedes any prior
agreements, whether written or oral, between the parties. No modification, extension or change in this Agreement shall be effective
unless it is in writing and signed by both Finder and the Company.

 

(11)
The provisions of this Agreement shall be binding upon and shall inure to the benefit of the parties hereto, their heirs, legal
representatives, successors and assigns. This Agreement may not be assigned except upon the prior written consent of the other
party to this Agreement.

 

(12)
Any notice hereunder shall be in writing and delivery thereof shall be complete if delivered in person, by facsimile or mailed
by overnight mail, or registered or certified mail, postage prepaid to the following addresses (unless changed by written notice):

 

	 	Finder:
    	Aegis
    Capital Corp. 
	 	 	810
    Seventh Ave., 18th Floor
	 	 	New
    York, NY 10019
	 	 	Attention:
    Adam Stern, Head of Private Equity Banking
	 	 	 
	 	Company:	Motus
    GI Medical Technoloties Ltd.
	 	 	 
	 	 	Attention:
    Mark Pomeranz, Chief Executive Officer

 

    	 	3	 

    	 	 	 

    

 

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

 

	MOTUS GI MEDICAL TECHNOLOGIES LTD.	 	AEGIS CAPITAL CORP.
	 	 	 	 	 
	By:	/s/
    Mark Pomeranz	 	By:
    	/s/
    Adam Stern
	 	Mark
    Pomeranz	 	 	Adam
    Stern
	 	Chief
    Executive Officer	 	 	Private
    Equity Banking

 

    	 	4	 

    	 	 	 

    

 

APPENDIX
A

INDEMNIFICATION

 

The
Company agrees to indemnify and hold harmless Finder, its selected dealers and their respective affiliates (as defined in Rule
405 under the Securities Act of 1933, as amended (the “Act”)) and their respective directors, officers, employees,
agents and controlling persons (Finder and each such person being an “Indemnitee”) from and against all losses, claims,
damages and liabilities (or actions, including shareholder actions, in respect thereof), joint or several, to which such Indemnitee
may become subject under any applicable federal or state law, or otherwise, which are related to or result from the performance
by Finder of the services contemplated by, or the engagement of Finder pursuant to, this Agreement and will promptly reimburse
any Indemnitee for all reasonable expenses (including reasonable counsel fees and expenses) as they are incurred in connection
with the investigation of, preparation for or defense arising from any threatened or pending claim, whether of not such Indemnitee
is a party and whether or not such claim, action or proceeding is initiated or brought by the Company. The Company will not be
liable to any Indemnitee under the foregoing indemnification and reimbursement provisions, (i) for any settlement by an Indemnitee
effected without its prior written consent (not to be unreasonably withheld); or (ii) to the extent that any loss, claim, damage
or liability is found in a final, non-appealable judgment by a court of competent jurisdiction to have arisen from an Indemnitee’s
willful misconduct or gross negligence.

 

Promptly
after receipt by an indemnified party of notice of any intention or threat to commence an action, suit or proceeding or notice
of the commencement of any action, suit or proceeding, such indemnified party will, if a claim in respect thereof is to be made
against the Company pursuant hereto, promptly notify the indemnifying party in writing of the same. In case any such action is
brought against any indemnified party and such indemnified party notifies the indemnifying party of the commencement thereof,
the indemnifying party may elect to assume the defense thereof, with counsel reasonably satisfactory to such indemnified party,
and an indemnified party may employ counsel to participate in the defense of any such action provided, that the employment of
such counsel shall be at the indemnified party’s own expense, unless (i) the employment of such counsel has been authorized
in writing by the indemnifying party , (ii) the indemnified party has reasonably concluded (based upon advice of counsel to the
indemnified party) that there may be legal defenses available to it or other Indemnified Parties that are different from or in
addition to those available to the Company, or that a conflict or potential conflict exists (based upon advice of counsel to the
indemnified party) between the indemnified party and the indemnifying party that makes it impossible or inadvisable for counsel
to the indemnifying party to conduct the defense of both the indemnifying party and the indemnified party (in which case the indemnifying
party will not have the right to direct the defense of such action on behalf of the indemnified party), or (iii) the indemnifying
party has not in fact employed counsel reasonably satisfactory to the indemnified party to assume the defense of such action within
a reasonable time after receiving notice of the action, suit or proceeding, in each of which cases the reasonable fees, disbursements
and other charges of such counsel will be at the expense of the indemnifying party ; provided, further, that in no event shall
the indemnifying party be required to pay fess and expenses for more than one firm of attorneys representing indemnified parties
unless the defense of one indemnified party is unique or separate from that of another indemnified party subject to the same claim
or action. Any failure or delay by an indemnified party to give the notice referred to in this paragraph shall not affect such
indemnified party’s right to be indemnified hereunder, except to the extent that such failure or delay causes actual harm
to the indemnifying party, or prejudices to its ability to defend such action, suit or proceeding on behalf of such indemnified
party.

 

    	 	 	 

    	 	 	 

    

 

An
indemnifying party agrees that without indemnified party’s prior written consent, which shall not be unreasonably withheld,
it will not settle, compromise or consent to the entry of any judgment in any pending or threatened claim, action or proceeding
in respect of which indemnification could be sought under the indemnification provisions of this Agreement (in which any indemnifying
party is an actual or potential party to such claim, action or proceeding), unless such settlement, compromise or consent includes
an unconditional release of each indemnified party from all liability arising out of such claim, action or proceeding.

 

In
the event that an indemnified party is requested or required to appear as a witness in any action brought by or on behalf of or
against the indemnifying party in which such indemnified party is not named as a defendant, the indemnifying party agrees to promptly
reimburse the indemnified party on a monthly basis for all reasonable expenses incurred by it in connection with such indemnified
party’s appearing and preparing to appear as such a witness, including, without limitation, the reasonable fees and disbursements
of its legal counsel.

 

If
multiple claims are brought with respect to at least one of which indemnification is permitted under applicable law and provided
for under this Agreement, the Company agrees that any judgment of arbitration award shall be conclusively deemed to be based on
claims as to which indemnification is permitted and provided for, except to the extent the judgment or arbitration award expressly
states that it, or any portion thereof, is based solely on a claim as to which indemnification is not available.FINDER’S
AGREEMENT

 

This
agreement (the “Agreement”) is entered into as of December 22, 2016 between Motus GI Holdings, Inc., a Delaware corporation
(the “Company”) and Aegis Capital Corp., a New York corporation (“Finder”).

 

RECITALS

 

WHEREAS,
Finder may have occasion to introduce the Company to one or more Targets (as defined in Section 2 below) who may be interested
in engaging in one or more business combinations with the Company, which may include (i) a merger, purchase of some or all of
the assets of the Company, purchase of a substantial percentage of stock of the Company (i.e., at least 20% of the issued and
outstanding stock) by a Target, (ii) purchase of some or all of the assets of a Target by the Company or purchase of a substantial
percentage of stock of a Target (i.e., at least 20% of the issued and outstanding stock) by the Company or (iii) a joint venture,
license agreement or a related transaction (singularly and/or collectively a “Transaction” and for clarification purposes
a Transaction shall exclude standard corporate finance transactions where the Company or a Target is selling equity securities
to support its operations or business objectives); and

 

WHEREAS,
the Company desires to engage the services of Finder to provide an introduction to such Targets in accordance with the terms and
conditions set forth in this Agreement.

 

AGREEMENT

 

NOW,
THEREFORE, in consideration of the premises and mutual covenants hereinafter contained, and for other good and valuable consideration
the receipt and sufficiency of which are hereby acknowledged, the parties agree as follows:

 

1. The
Company engages Finder as a non-exclusive finder, to locate proposed Targets interested in effecting a Transaction.

 

2. For
the purposes of this Agreement, “Targets” shall mean companies or entities (including, for these purposes, their related
parties or affiliates) introduced to the Company (or any subsidiaries of the Company) by Finder, which shall consist of those
persons set forth on Exhibit A hereto, as such Exhibit may be updated from time to time for any new introductions that are made
following the date hereof with respect to a possible Transaction (for these purposes, the Finder must demonstrate that the new
introduction has had at least one meeting or call with the Company during the Term for purposes of a possible Transaction, and
the Company must demonstrate that the Company had a pre-existing relationship prior to the date of any new introductions in order
to reject Finder’s potential updates to Exhibit A).

 

    	 	 	 

    	 	 	 

    

 

3. In
the event of a consummated Transaction, the Company shall pay to Finder a cash fee as follows:

 

		(i)	5%
                                         of the first $1,000,000 or portion thereof of the consideration paid in such transaction;
                                         plus

 

		(ii)	4%
                                         of the next $1,000,000 or portion thereof of the consideration paid in such transaction;
                                         plus

 

		(iii)	3%
                                         of the next $5,000,000 or portion thereof of the consideration paid in such transaction;
                                         plus

 

		(iv)	2.5%
                                         of any consideration paid in such transaction in excess of $7,000,000.

 

“Consideration
paid in such transaction” for purposes of this Agreement shall mean the value of all consideration paid to the Company and/or
its stockholders in connection with, and at the time of closing of, a Transaction, including cash, securities, assumption of debt,
or other consideration exchanged or paid at closing and any deferred payments including, without limitation, promissory notes
or other debt issued at closing. Consideration shall not include any earn-outs or other contingent payments, milestone
payments, royalties or other post-closing commercial payments that are not known or paid out at the time of closing. If any of
the Consideration is other than in cash, it shall be valued at fair market value in accordance with generally accepted valuation
principles. The value of indebtedness, including indebtedness assumed, shall be the face amount. Payment of the applicable fee
set forth above will be made in immediately available funds at the closing of the related Transaction or the time of payment of
any deferred payments.

 

In
the event that any fees due to Finder are not paid when due, the Company shall also be liable to Finder for interest on the amount
due at the annual rate of three (3%) percent over the prime rate, accruing on a daily basis from the date of closing.

 

4. This
Agreement shall remain in full force and effect for a period of three (3) years following the date hereof (the “Term”);
provided, however, that Finder shall be entitled to receive the full fee set forth in paragraph 3 hereof in the event discussions
are held with a Target during the Term of this Agreement and a Transaction is consummated with such Target within six months from
the expiration of this Agreement.

 

5. The
Company shall not be liable for any retainers, costs, expenses or other charges incurred by Finder or third parties at the request
of Finder unless the Company has authorized its payment of such costs or expenses in writing.

 

6. (a)
Finder shall act as an independent contractor under this Agreement, and this Agreement does not create any partnership, joint
venture or other similar relationship between the Company and Finder and any duties arising out of its engagement shall be owed
solely to Company. Finder shall have no authority to accept any order or to bind or obligate the Company in any way without the
Company’s prior written consent. As an independent contractor, Finder will be solely responsible for its income and all
other applicable taxes. Finder shall have no restrictions on its ability to provide services to companies other than the Company.

 

(b)
The Company acknowledges that Finder has not, and will not, conduct any due diligence with respect to any Target and that Finder
makes no representations whatsoever with respect to any Target (including without limitation its financial condition or its ability
to perform any obligations to which it is or may become bound), and the Company expressly agrees that Finder shall have no liability
whatsoever in connection with any Transaction that the Company may enter into with a Target.

 

    	 	-2-	 

    	 	 	 

    

 

(c)
The Finder covenants that it will not utilize any written material describing the Company that has not been approved by the Company.

 

(d)
The Company shall be under no obligation of any type or kind to pursue, negotiate and/or consummate any potential Transaction.
Any and all determinations with respect to any potential Transaction shall at all times remain within the sole, absolute, exclusive
and non-reviewable discretion of the Company.

 

7. This
Agreement shall be governed by and construed in accordance with the laws of the State of New York, without giving effect to its
conflict of law principles.

 

8. This
Agreement constitutes the entire agreement between the parties and supersedes any prior agreements, whether written or oral, between
the parties. No modification, extension or change in this Agreement shall be effective unless it is in writing and signed by both
Finder and the Company.

 

9. The
provisions of this Agreement shall be binding upon and shall inure to the benefit of the parties hereto, their heirs, legal representatives,
successors and assigns. This Agreement may not be assigned except upon the prior written consent of the other party to this Agreement.

 

10. Any
notice hereunder shall be in writing and delivery thereof shall be complete if delivered in person, by facsimile or mailed by
overnight mail, or registered or certified mail, postage prepaid to the following addresses (unless changed by written notice):

 

	 	Finder:
    	Aegis
    Capital Corp. 
	 	 	810
    Seventh Avenue, 18th Floor
	 	 	New
    York, NY 10019
	 	 	Attention:
    Adam Stern, Head of Private Equity Banking
	 	 	email
    address adam@sternaegis.com
	 	 	 
	 	Company:
    	Motus
    GI Holdings, Inc.
	 	 	150
    Union Square
	 	 	New
    Hope, PA 18938
	 	 	Attention:
    Mark Pomeranz, Chief Executive Officer
	 	 	email
    address: Mark@motusgi.com

 

    	 	-3-	 

    	 	 	 

    

 

11. Finder agrees to, and to cause its affiliates, shareholders, officers, directors and representatives to, keep the matters described
herein confidential until such time, if ever, as a definitive agreement with respect to any potential Transaction is executed
and publicly announced, subject to applicable requirements of law and subject to legal process. Neither Finder nor any of its
affiliates, shareholders, officers, directors or representatives will make any press release or public announcement concerning
the existence of this Agreement or with respect to any potential Transaction contemplated hereby without the prior written approval
of the Company. This Section shall survive termination of this Agreement for any reason.

 

12.
This Agreement may be executed in one or more counterparts, each of which shall be deemed an original but all of which taken
together shall constitute one and the same Agreement. Transmittal and receipt of a scanned or facsimile copy of this
Agreement with the scanned or facsimile signature(s) shall be binding on the parties hereto, with the original executed
Agreement to be delivered subsequently by regular mail. Alternatively, transmittal and receipt of a digital signature of an
Adobe Acrobat PDF copy of this Agreement shall also be binding on the parties hereto. The failure to deliver the original
signature copy and the non-receipt of the original signature copy shall have no effect upon the binding and enforceable
nature of this Agreement.

 

[SIGNATURE
PAGE FOLLOWS]

 

    	 	-4-	 

    	 	 	 

    

 

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

 

	MOTUS GI HOLDINGS, INC.	 
	 	 	 
	By:
    	/s/
    Mark Pomeranz	 
	Name:	 	 
	Title:	 	 
	 	 	 
	AEGIS CAPITAL CORP. 	 
	 	 	 
	By:	/s/
    Adam Stern	 
	Name:
    	Adam
    Stern	 
	Title:	Private
    Equity Banking	 

 

[Signature
Page to Finder’s Agreement]

 

    	 	 	 

    	 	 	 

    

 

Exhibit
A

Target
List

 

All
(i) investors in the Offering (as defined in that certain Placement Agency Agreement, dated December 1, 2016 by and between Finder,
Motus GI Medical Technologies Ltd. and the Company (the “PAA”) and their respective related parties and affiliates
and (ii) persons listed on the Tail Investor List (as defined in the PAA) and their respective related parties and affiliates
shall be deemed Targets for purposes hereof, provided, however that prior shareholders or warrant holders of the Company and their
respective related parties and affiliates shall not be deemed Targets hereunder. In both cases, paragraphs (i) and (ii) will be
exclusive of any party with whom the Company had a pre-existing relationship prior to the date of the specific introduction by
Finder (including situations where the Company had previously been introduced to such party by someone other than the Finder or
a party with whom the Company had already commenced discussions).

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