Document:

Exhibit 10.4

 

INMODE LTD.

 

INDEMNIFICATION AND EXCULPATION AGREEMENT

 

_________________, 2019

 

To: _______________

Holder of Israeli ID Number / [_____] Passport
Number: ____________________

(the “Indemnitee”)

 

This
Indemnification and Exculpation Agreement (“Indemnification Agreement”) is being entered into effective as of ___________
__, 2019, pursuant to the resolutions of the Board of Directors of InMode Ltd., (Israeli
Company No. 514073618) a company organized under the laws of the State of Israel (the “Company” and the “Board”
respectively) dated _____________, 2019 as approved by the Company’s shareholders on _____________, 2019. 

 

It
is in the best interests of the Company to retain and attract as directors and/or officers the most capable persons available and
such persons are becoming increasingly reluctant to serve in companies unless they are provided with adequate protection through
insurance and indemnification in connection with such service.

 

You
are or have been appointed as a director or other Office Holder (as defined below) of the Company, and in order to enhance your
service to the Company in an effective manner, the Company desires to provide hereunder for your indemnification to the fullest
extent permitted by law. In consideration of your continuing to serve the Company, the Company hereby agrees as follows:

 

		1.	The Company hereby undertakes
to indemnify you to the maximum extent permitted by applicable law in respect of the following expenses, payments or liabilities
imposed on, or incurred by, you in consequence of any act performed or omission committed by you in your capacity as an “Office
Holder” (such term shall have herein the meaning assigned to it in the Companies Law – 1999 (the “Companies
Law”)) of the Company (including your service, at the request of the Company, as an officer, director, employee or board
observer of any other company controlled directly or indirectly by the Company (a “Subsidiary”) or in which the Company
holds shares (an “Affiliate”)) (your service in any of the Company, its Subsidiaries and Affiliates is referred to
herein as the “Corporate Capacity”). Notwithstanding the foregoing, in the event that you are a beneficiary of an
indemnification undertaking provided by a Subsidiary or an Affiliate with respect to your Corporate Capacity with such Subsidiary
or Affiliate, then the indemnification obligations of the Company hereunder with respect to such Corporate Capacity shall only
apply to the extent that the indemnification by such Subsidiary or Affiliate does not actually fully cover the indemnifiable liabilities,
payments and expenses relating thereto.

 

		1.1	Any monetary liability
imposed on you pursuant to a court judgment in favor of a third party (which third parties include, without limitation and to
the fullest extent permitted by applicable law, any governmental entity), including pursuant to any settlement confirmed as judgment
or to an arbitration decision approved by a competent court;

 

		1.2	All reasonable litigation expenses, including attorney’s
fees, which were incurred by you as a result of an investigation or proceeding conducted against you by an authority authorized
to conduct such an investigation or proceeding, which was either (i) “concluded without the filing of an indictment”
(as defined in Section 260(a)(1A) of the Companies Law) against you and without the imposition on you of any “monetary
obligation in lieu of a criminal proceeding” (as defined in Section 260(a)(1A) of the Companies Law), or (ii) “concluded
without the filing of an indictment” against you but with the imposition on you of a “monetary obligation in lieu of
a criminal proceeding” for an offense that does not require proof of mens rea, or (iii) is in connection with a monetary
sanction pursuant to the Companies Law or the Israeli Securities Law, 5728-1968, as amended (the “Securities Law”);

 

		1.3	All reasonable litigation expenses, including attorneys' fees,
incurred by you, or which were imposed on you by a court, (i) in a proceeding instituted against you by the Company or a Subsidiary
or Affiliate or on its behalf or by a third party, or (ii) in a criminal indictment of which you were acquitted, or (iii) in a
criminal indictment of which you were convicted of an offense which does not require proof of mens rea;

 

    	 	1	 

     

    

 

		1.4	a payment which you will be obligated to make to an injured party
as set forth in Section 52(54)(a)(1)(a) of the Securities Law;

 

		1.5	expenses incurred by you in connection with a proceeding under
Chapters H’3, H’4, or I’1 of the Securities Law, including reasonable legal expenses, which term includes attorneys’
fees;

 

		1.6	expenses (including reasonable legal expenses) incurred by you
in connection with a proceeding under Chapter G’1 of the Economic Competition Law, 5748-1988; and

 

		1.7	any other event, occurrence or circumstances arising in respect
of which the Company may indemnify an Office Holder of the Company under applicable law.

 

		2.	Notwithstanding the aforesaid,
the Company will not indemnify you for any amount you may be obligated to pay in respect of:

 

		2.1	a breach of your duty of loyalty to the Company or a Subsidiary
or Affiliate, except, to the extent permitted by the Companies Law, for a breach of a duty of loyalty to the Company or a Subsidiary
or Affiliate while acting in good faith and having reasonable basis to assume that such act would not prejudice the interests of
the Company or a Subsidiary or Affiliate;

 

		2.2	a breach of your duty of care to the Company or a Subsidiary
or Affiliate committed intentionally or recklessly, unless committed in negligence only; 

 

		2.3	an action taken or omission by you with the intent of unlawfully
realizing personal gain; and

 

		2.4	a fine, civil fine, monetary sanction or forfeit imposed upon
you; and,

 

		2.5	with respect to proceedings or claims initiated or brought voluntarily
by you against the Company or a Subsidiary or Affiliate, other than by way of defense or by way of third party notice to the Company
or a Subsidiary or an Affiliate or by way of countersuit in connection with claims brought against you or in specific cases in
which the Company’s Board of Directors has approved the initiation or bringing of such suit by yourself.

 

		3.	To the fullest extent
permitted by law, the Company will, following receipt by the Company of your written request therefor, make available all amounts
payable to you in accordance with Section 1 above on the date on which such amounts are first payable by you (“Time of Indebtedness”),
and with respect to items referred to in Sections 1.2 and 1.3 above, even prior to the time on which the applicable court renders
its decision, provided however, that advances given to cover legal expenses in criminal proceedings will be repaid by you
to the Company if you are found guilty of a crime which requires proof of mens rea (criminal intent). Other advances will
be repaid by you to the Company if it is determined by a court of competent jurisdiction that you are not lawfully entitled to
such indemnification as contemplated hereby.

 

As
part of the aforementioned undertaking, the Company will make available to you any security or guarantee that you may be required
to post in accordance with an interim decision given by a court or an arbitrator, including for the purpose of substituting liens
imposed on your assets.

 

		4.	The Company will indemnify
you even if at the relevant Time of Indebtedness you no longer serve in any Corporate Capacity, provided that the obligations
with respect to which you will be indemnified hereunder are in respect of actions taken or omissions committed by you while you
were an Office Holder of the Company as aforesaid or served in another Corporate Capacity, and in such capacity.

 

    	 	2	 

     

    

 

		5.	The undertaking of the
Company set forth in Section 1.1 shall be limited as follows:

 

		5.1	to matters that result
from or are connected or otherwise related to events or circumstances set forth in Schedule A hereto, which are deemed
by the Board, based on the current activity of the Company, to be foreseeable as of the date hereof; and

 

		5.2	the maximum amount for
which the Company undertakes to indemnify you hereunder for matters and circumstances described in Schedule A (or otherwise pursuant
to this Indemnification Agreement), shall not exceed your pro-rated amount out of the lower of: (i) the cap below, or (ii) your
pro-rated proven indemnifiable amount as detailed below. The total obligation of the Company to all Office Holders, in the aggregate,
including all then pending claims for indemnification made by all Office Holders and other eligible indemnitees of the Company,
whether under law, agreement or the Articles of Association of the Company, will not exceed a cap amount which is the greater
of: (i) US$ 40,000,000; and (ii) an amount equivalent to 25% of the Company’s effective equity. Said cap does not derogate
from the right to receive amounts from insurance providers in accordance with Section 7 below. For this purpose “the Company’s
effective equity” - means the amount of the Company’s equity as reflected in its
most recent publicly available consolidated financial statements as of the payment date of such indemnifiable event. If the total
of all such claims exceed such amount (or the remaining balance of such amount at the relevant time), then the limit amount per
each such indemnitee shall be pro-rated among all such indemnitees proportionately to the proven indemnifiable amount of each
respective indemnitee out of the aggregate indemnifiable amount of all proven claims by all such indemnitees. Such amount
has been determined to be reasonable by the Company’s Board of Directors.

 

All
amounts stated herein in US$, and if paid in NIS, are to be calculated according to the representative rate of exchange, or any
other official rate of exchange that may replace it, published by the Bank of Israel on the date of payment by the Company hereunder.

 

		6.	Subject to the limitations
of Section 5 above and Section 7 below, the indemnification hereunder will, in each case, cover all sums of money (100%) that
you will be obligated to pay, in those circumstances for which indemnification is permitted under the law and under this Indemnification
Agreement.

 

		7.	The Company will not
indemnify you for any liability with respect to which you have received payment from a third party or by virtue of an insurance
policy taken out by the Company other than for amounts which are in excess of the amounts actually paid to you by such third party
or pursuant to any such insurance policy (including deductible amounts not covered by insurance policies), within the limits set
forth in Section 5 above. The Company will be entitled to receive any amount collected by you from a third party or by virtue
of an insurance policy taken out by the Company in connection with liabilities actually indemnified hereunder, up to the amount
actually paid to you by the Company as indemnification hereunder. The amounts to be transferred by you to the Company shall equal
the difference between the total indemnification amounts you have actually received from any source (including the Company) and
your pro-rated proven indemnifiable liability, but no more than the actual amount paid to you by the Company hereunder for such
indemnifiable events. For example: if your pro-rated indemnifiable amount is US $1M and you have actually received from the Company
and the insurer an amount of US $1.2M (US $600K from the Company and additional US $600K from the insurer), then you will be required
to reimburse the Company the balance of US $200K. Said payment shall be transferred by you to the Company within fifteen (15)
days following the receipt of the said amount.

 

		8.	In all indemnifiable
circumstances, indemnification will be subject to the following:

 

		8.1	You shall promptly notify
the Company in writing of any legal proceedings initiated against you and of all possible or threatened legal proceedings for
which you may seek indemnification hereunder, without delay, and in any event within seven (7) days, following your first becoming
aware thereof, provided, however, that your failure to notify the Company as aforesaid shall not derogate from your
right to be indemnified as provided herein except and to the extent that such failure to provide notice adversely prejudices the
Company’s and/or a Subsidiary's and/or Affiliate's ability to defend against such action or to conduct any directly related
legal proceeding. You shall deliver to the Company, or to such person as it shall advise you, without delay all documents you
receive in connection with these proceedings or possible or threatened proceedings. Notice to the Company shall be directed to
the Chief Executive Officer of the Company at the address shown in the signature page of this Indemnification Agreement (or at
such other address as the Company shall advise you).

 

    	 	3	 

     

    

 

Similarly,
you shall advise the Company on an ongoing and current basis concerning all events which you suspect may give rise to the initiation
of legal proceedings against you in connection with your actions or omissions as an Office Holder of the Company or in another
Corporate Capacity for which you may seek indemnification hereunder.

 

		8.2	Other than with respect
to proceedings that have been initiated against you by the Company and/or Subsidiary or Affiliate or in its name, the Company
(including a Subsidiary or Affiliate, as applicable) shall be entitled to undertake the conduct of your defense in respect of
such legal proceedings and/or to hand over the conduct thereof to any attorney which the Company may choose for that purpose,
except to an attorney who is not, upon reasonable grounds, acceptable to you. The Company shall notify you of any such decision
to defend within ten (10) calendar days of receipt of notice of any such proceeding.

 

The
Company (including a Subsidiary or Affiliate) or the attorney as aforesaid shall be entitled, within the context of the conduct
as aforesaid, to conclude such proceedings, all as they shall see fit, including by way of settlement. 

 

Notwithstanding
the foregoing, in the case of criminal proceedings, the Company (including a Subsidiary or Affiliate) or the attorneys as aforesaid
will not have the right to plead guilty in your name or to agree to a plea-bargain in your name without your consent. Furthermore,
in a civil proceeding (whether before a court or as a part of a compromise arrangement), the Company (including a Subsidiary or
Affiliate) and/or its attorneys will not have the right to admit to any occurrences that are not indemnifiable pursuant to this
Indemnification Agreement, without your consent. However, the aforesaid will not prevent the Company (including a Subsidiary or
Affiliate) or its attorneys as aforesaid, with the approval of the Company or the Subsidiary or Affiliate, as applicable, to come
to a financial arrangement with a plaintiff in a civil proceeding or to consent to the entry of any judgment against you or enter
into any settlement, arrangement or compromise, in each case without your consent, so long as such arrangement, judgment, settlement
or compromise: (i) does not include an admission of your fault, (ii) is fully indemnifiable pursuant to this Indemnification Agreement,
and (iii) further provides, as an unconditional term thereof, the full release of you from all liability and limitation in respect
of such proceeding. This paragraph shall not apply to a proceeding brought by you under Section 8.7 below.

 

		8.3	You will fully cooperate with the Company and/or any Subsidiary
and/or Affiliate and/or any attorney as aforesaid in every reasonable way as may be required of you within the context of their
conduct of such legal proceedings, including but not limited to the execution of power(s) of attorney and other documents required
to enable the Company and its Subsidiaries and Affiliates or its attorney as aforesaid to conduct your defense in your name, and
to represent you in all matters connected therewith, in accordance with the aforesaid, provided that the Company shall cover all
reasonable costs incidental thereto such that you will not be required to pay the same or to finance the same yourself; and provided,
further, that you shall not be required to take any action that would reasonably prejudice your defense in connection with any
indemnifiable proceeding.

 

		8.4	Notwithstanding the provisions of Sections 8.2 and 8.3 above,
(i) if in a proceeding to which you are a party by reason of your status as an Office Holder of the Company or in another Corporate
Capacity, the named parties to any such proceeding include both you and the Company or any Subsidiary or Affiliate, and joint representation
is inappropriate under applicable standards of professional conduct due to a conflict of interest or potential conflict of interest
(including the availability to the Company and its Subsidiary or Affiliate, on the one hand, and you, on the other hand, of different
or inconsistent defenses or counterclaims) that exists between you and the Company, or (ii) if the Company fails to assume the
defense of such proceeding in a timely manner, or (iii) if the Company refers the conduct of your defense to an attorney who is
not, upon reasonable grounds, acceptable to you, you shall be entitled to be represented by separate legal counsel, which may represent
other persons similarly situated, of the Company’s choice and reasonably acceptable to you and such other persons' choice,
at the expense of the Company. In addition, if the Company fails to comply with any of its material obligations under this Indemnification
Agreement or in the event that the Company or any other person takes any action to declare this Indemnification Agreement void
or unenforceable, or institutes any action, suit or proceeding to deny or to recover from you the benefits intended to be provided
to you hereunder, except with respect to such actions, suits or proceedings brought by the Company that are resolved in favor of
the Company, you shall have the right to retain counsel of your choice, and reasonably acceptable to the Company and at the expense
of the Company, to represent you in connection with any such matter.

 

    	 	4	 

     

    

 

		8.5	If, in accordance with Section 8.2 (but subject to Section 8.4),
the Company (including a Subsidiary or Affiliate, as applicable) has taken upon itself the conduct of your defense, you shall have
the right to employ counsel in any such action, suit or proceeding, who shall fully update, and be fully updated by, the Company
(including a Subsidiary or Affiliate, if applicable) on the defense procedure and shall consult with, and be consulted with by,
the Company (including a Subsidiary or Affiliate, if applicable) and the attorney conducting the legal defense on behalf of the
Company or the Subsidiary or Affiliate if applicable, but the fees and expenses of such counsel, incurred after the assumption
by the Company (or the Subsidiary or Affiliate, if applicable) of the defense thereof, shall be at your expense and the Company
will have no liability or obligation pursuant to this Indemnification Agreement or otherwise to indemnify you for any legal expenses,
including any legal fees, that you may expend in connection with such counsel, unless the Company shall agree to such expenses
in writing; in which event all reasonable fees and expenses of your counsel shall be borne by the Company to the extent so agreed
to by the Company in writing.

 

		8.6	The Company will have no liability or obligation pursuant to
this Indemnification Agreement to indemnify you for any amount expended by you pursuant to any compromise or settlement agreement
reached in any suit, demand or other proceeding as aforesaid without the Company’s written consent to such compromise or
settlement, which consent shall not be unreasonably withheld.

 

		8.7	If required by law, the Company’s authorized organs will
consider the request for indemnification and the amount thereof and will determine if you are entitled to indemnification and the
amount thereof. In the event that you make a request for payment of an amount of indemnification hereunder or a request for an
advancement of indemnification expenses hereunder and the Company fails to determine your right to indemnification hereunder or
fails to make such payment or advancement, you may petition any court which has jurisdiction to enforce the Company’s obligations
hereunder. The Company agrees to reimburse you in full for any reasonable expenses incurred by you in connection with investigating,
preparing for, litigating, defending or settling any action brought by you under the immediately preceding sentence or otherwise
in enforcing this Indemnification Agreement, except where such action or any claim or counterclaim in connection therewith is resolved
in favor of the Company.

 

		8.8	Neither the Company nor any of its agents, employees, directors
or officers shall make any statement to the public or to any other person regarding any settlement of claims made pursuant to this
Indemnification Agreement against you that would in any manner cast any negative light, inference or aspersion against you.

 

		8.9	By signing this Indemnification Agreement you hereby accept that
you shall not make any statement to the public or to any other person regarding any settlement of claims made pursuant to this
Indemnification Agreement against you or the Company (including any Subsidiary or Affiliate thereof) that would in any manner cast
any negative light, inference or aspersion against the Company or any Subsidiary or Affiliate thereof, and that you will keep the
terms of such settlement confidential.

 

    	 	5	 

     

    

 

		9.	The Company hereby exempts
you, to the fullest extent permitted by law, from any liability for damages caused as a result of a breach of your duty of care
to the Company while acting in good faith and having reasonable basis to assume that such act or omission would not prejudice
the interests of the Company and its Subsidiaries and Affiliates, provided that in no event shall you be exempt with respect
to any actions listed in Section 2 above or for a breach of your duty of care in connection with a Distribution (as defined in
the Companies Law) or with respect to any action or omission as to which, under applicable law, the Company is not entitled to
exculpate you.

 

		10.	If for the validation of any of the undertakings in this Indemnification
Agreement, any act, resolution, approval or other procedure is required, the Company undertakes to cause them to be done or adopted
in a manner which will enable the Company to fulfill all its undertakings as aforesaid.

 

		11.	Nothing contained in this Indemnification Agreement shall derogate
from the Company’s right (but in no way obligation) to indemnify you post factum for any amounts which you may be
obligated to pay as set forth in Section 1 above without regard to the limitations set forth in Section 5 above. Your rights of
indemnification hereunder shall not be deemed exclusive of any other rights you may have under the Company’s Articles of
Association or applicable law or otherwise.

 

		12.	If any undertaking included in this Indemnification Agreement
is held invalid or unenforceable, such invalidity or unenforceability will not affect any of the other undertakings which will
remain in full force and effect. Furthermore, if such invalid or unenforceable undertaking may be modified or amended so as to
be valid and enforceable as a matter of law, such undertaking will be deemed to have been modified or amended, and any competent
court or arbitrator is hereby authorized to modify or amend such undertaking, so as to be valid and enforceable to the maximum
extent permitted by law.

 

		13.	This Indemnification
Agreement and the agreements herein shall be governed by and construed and enforced in accordance with the laws of the State of
Israel, without regard to the rules of conflict of laws. Any dispute, controversy or claim arising in relation to this Indemnification
Agreement, will be exclusively referred to the competent court in Haifa, Israel.

 

		14.	This Indemnification Agreement cancels and replaces any preceding
letter of indemnification or arrangement for indemnification or exculpation that may have been issued to you by the Company. Notwithstanding
the foregoing, the indemnification obligations set forth in this Indemnification Agreement will also apply, subject to the terms,
conditions and limitations set forth in this Indemnification Agreement, with respect to actions performed or omissions committed,
in your capacity as an Office Holder of the Company or in another Corporate Capacity, during the period prior to the date of this
Indemnification Agreement. Notwithstanding, your rights hereunder shall not be deemed exclusive of any other rights you may have
under the Company’s Articles of Association, applicable law, any agreement, a vote of shareholders or a resolution of directors,
or otherwise. To the extent that during the period of indemnification under this Agreement the indemnification rights of the then-serving
directors and/or officers are more favorable to such directors or officers than the indemnification rights provided under this
Indemnification Agreement to you, you shall be entitled to the full benefits of such more favorable indemnification rights to the
extent permitted by law. No amendment, alteration or repeal of this Indemnification Agreement or of any provision hereof shall
limit or restrict any of your rights under this Indemnification Agreement in respect of any action taken or omitted by you prior
to such amendment, alteration or repeal, subject to applicable law. No right or remedy herein conferred is intended to be exclusive
of any other right or remedy, and every other right and remedy shall be cumulative and in addition to every other right and remedy
given hereunder or now or hereafter existing at law or in equity or otherwise. The assertion or employment of any right or remedy
hereunder, or otherwise, shall not prevent the concurrent assertion or employment of any other right or remedy.

 

		15.	Neither the settlement nor termination of any proceeding nor
the failure of the Company to award indemnification or to determine that indemnification is payable shall create an adverse presumption
that you are not entitled to indemnification hereunder. In addition, the termination of any proceeding by judgment or order (unless
such judgment or order provides so specifically) or settlement, shall not create a presumption that you did not act in good faith
and in a manner which you reasonably believed to be in or not opposed to the best interests of the Company or, with respect to
any criminal action or proceeding, had reasonable cause to believe that your action was unlawful.

 

    	 	6	 

     

    

 

		16.	This Indemnification Agreement shall be (a) binding upon all
successors and assigns of the Company (including any transferee of all or a substantial portion of the business, shares and/or
assets of the Company and any direct or indirect successor by merger or consolidation or otherwise by operation of law), and (b)
binding on and shall inure to the benefit of your heirs, personal representatives, executors and administrators. This Indemnification
Agreement shall continue for your benefit and your heirs', personal representatives', executors' and administrators' benefit after
you cease to be a director or other Office Holder of the Company or serving in another Corporate Capacity.

 

		17.	Except with respect to changes in the governing law which expand
your right to be indemnified by the Company, no supplement, modification or amendment of this Indemnification Agreement shall be
binding unless executed in writing by each of the parties hereto. No waiver of any of the provisions of this Indemnification Agreement
shall be deemed or shall constitute a waiver of any other provisions of this Indemnification Agreement (whether or not similar),
nor shall such waiver constitute a continuing waiver. Any waiver shall be in writing.

 

		18.	All notices and other communications required or permitted under
this Indemnification Agreement shall be in writing, shall be effective (i) if mailed within Israel, seven (7) business days after
mailing (unless mailed abroad, in which case it shall be effective fourteen (14) business days after mailing), (ii) if by air courier,
three (3) business days after delivery to the courier service, (iii) if sent by messenger, upon delivery, (iv) if sent via facsimile,
upon transmission and electronic (or other) confirmation of receipt or (if transmitted and received on a non-business day) on the
first business day following transmission and electronic (or other) confirmation of receipt, and (iv) if sent by email, on the
date of transmission or (if transmitted and received on a non-business day) on the first business day following transmission, except
where a notice is received stating that such mail has not been successfully delivered.

 

The Board
has determined, based on the current activity of the Company, that the amount stated in Section 5 is reasonable and that the events
listed in Schedule A are reasonably anticipated.

 

Kindly
sign and return the enclosed copy of this Indemnification Agreement to acknowledge your agreement to the contents hereof.

 

Sincerely,

 

	 	 
	InMode Ltd.	 

 

	By: 	 	 
	 	 	 
	Title:	 	 

 

	I accept and agree to the above:

 

	 	 
	Signature	 

 

	Full Name:	 	 

 

    	 	7	 

     

    

 

Schedule A

 

All references in this schedule to the
“Company” shall be deemed to refer to a Subsidiary or Affiliate as well, to the extent that your service as
an officer, director, employee or board observer of the Subsidiary or Affiliate is at the request of the Company in the circumstances
described in the preface of Section 1 to the Indemnification Agreement.

 

		1.	The offering of securities by the Company and/or by a shareholder
to the public and/or to private investors or the offer by the Company to purchase securities from the public and/or from private
investors or other holders pursuant to a prospectus, agreement, notice, report, tender and/or other proceeding, whether in Israel
or abroad (including, inter alia, claims based on disclosure or non-disclosure of facts in the offering documents, any
report or failure to report as required by applicable rules, or the compliance or non-compliance with applicable law);

 

		2.	Claims relating to violations of securities laws of any
jurisdiction, including, without limitation, fraudulent disclosure claims, failure to comply with the Securities Exchange Commission
and/or the Israeli Securities Authority rules and other claims relating to relationships with investors and the investment community;

 

		3.	Occurrences in connection with investments the Company
make in other corporations whether before and/or after the investment is made, the entering into the transaction, the execution,
development and monitoring thereof, including actions taken by you in the name of the Company as an Office Holder and/or board
observer of the corporation which is the subject of the transaction and the like;

 

		4.	The sale, purchase and holding of negotiable securities
or other investments for or in the name of the Company;

 

		5.	Actions in connection with the merger of the Company with
or into another entity;

 

		6.	Actions in connection with the sale of the operations and/or
business, or part thereof, of the Company;

 

		7.	Without derogating from the generality of the above, actions
in connection with the purchase or sale of companies, legal entities or assets, and the division or consolidation thereof;

 

		8.	Actions concerning the approval of transactions of the
Company with officers and/or directors and/or holders of controlling interests in the Company, and any other transactions referred
to in Section 270 of the Companies Law;

 

		9.	Actions taken in connection with labor relations and/or
employment matters in the Company (including, inter alia, the handling of pension funds, provident funds, insurance and
savings funds, options, bonuses, etc.) and trade relations of the Company, including with employees, independent contractors,
customers, suppliers and various service providers;

 

		10.	Claims arising out of any incentive plan in favor of employees,
office holders, contractors, consultants and service providers;

 

		11.	Claims made by business associates, including joint venture
partners;

 

		12.	Actions in connection with the development or testing of
products developed by the Company, including the performance of pre-clinical and clinical trials on such products, whether performed
by the Company or by third parties on behalf of the Company, and/or in connection with the distribution, sale, license or use
of such products, including without limitation in connection with professional liability and product liability claims and/or in
connection with the procedure of obtaining regulatory approvals regarding such products, whether in Israel or abroad;

 

		13.	Any claim or demand based upon actual or alleged infringement,
misuse or misappropriation of any third party's intellectual property rights, including but not limited to confidential information,
patents, copyrights, design rights, trade and service marks, trade secrets, misappropriation of ideas; and any actions taken in
connection with the intellectual property of the Company, and its protection, including the registration or assertion of rights
to intellectual property and the defense of claims related to intellectual property, including any assertion that the Company’s
products infringe on the intellectual property rights or constitute a misappropriation of any third party’s trade secrets;

 

		14.	Actions taken pursuant to or in accordance with the policies
and procedures of the Company (including tax policies and procedures), whether such policies and procedures are published or not;

 

    	 	8	 

     

    

 

		15.	Approval of corporate actions, in good faith, including
the approval of the acts of the Company’s management, their guidance and their supervision;

 

		16.	Claims of negligent failure to exercise business judgment
and a reasonable level of proficiency, expertise and care in regard of the Company’s business;

 

		17.	Violations of laws requiring the Company to obtain regulatory
and governmental licenses, permits and authorizations in any jurisdiction;

 

		18.	Claims in connection with publishing or providing any information,
including any filings with governmental authorities (including, without limitation, the Israeli income tax authorities and the
National Insurance Institute of Israel), on behalf of the Company, in the circumstances required under applicable laws;

 

		19.	Any claim or demand made under any securities laws or by
reference thereto, or related to the failure to disclose any information in the manner or time such information is required to
be disclosed pursuant to such laws, or related to inadequate or improper disclosure of information to shareholders, or prospective
shareholders, or related to the purchase, holding or disposition of securities of the Company or any other investment activity
involving or effected by such securities, including, for the removal of doubt, any offering of the Company’s securities
to private investors or to the public, and listing of such securities, or the offer by the Company to purchase securities from
the public or from private investors or other holders, and any undertakings, representations, warranties and other obligations
related to any such offering, listing or offer or to the Company’s status as a public company or as an issuer of securities;

 

		20.	Occurrences resulting from the Company's becoming, or its
status as, a public company, and/or from the fact that the Company's securities were offered to the public and/or traded on any
stock exchange;

 

		21.	Any claim or demand made by any lenders or other creditors
or for monies borrowed by, or other indebtedness of, the Company, including without limitation, claims in dissolution, winding-up,
settlement with creditors and other similar proceedings;

 

		22.	Any claim or demand made directly or indirectly in connection
with complete or partial failure, by the Company, or its Subsidiaries or Affiliates, or their respective directors, officers and
employees, to pay, report, keep applicable records or otherwise, any state, municipal or foreign taxes or other mandatory payments
of any nature whatsoever, including, without limitation, income, sales, use, transfer, excise, value added, registration, severance,
stamp, occupation, customs, duties, real property, personal property, capital stock, social security, unemployment, disability,
payroll or employee withholding or other withholding, including any interest, penalty or addition thereto, whether disputed or
not;

 

		23.	Any claim or demand made by purchasers, holders, lessors
or other users of products of the Company, or individuals treated with or exposed to such products, for damages or losses related
to such use or treatment;

 

		24.	Actions taken in connection with the financial and tax
reports of the Company;

 

		25.	Claims in connection with safety laws, tax laws, anti-trust
laws, regulation of commercial wrongdoing, rules promulgated by any competent government agency, accounting rules, and such other
similar rules of any applicable jurisdiction;

 

		26.	Claims in connection with laws and regulations regarding
invasion of privacy and breach of other civil rights, including with respect to databases, and laws and regulations in regard
of libel and slander, misleading or wrongful distribution of information;

 

		27.	Claims by any third party suffering any personal injury
and/or bodily injury and/or property damage to business or personal property through any act or omission attributed to the Company,
its Subsidiaries or Affiliates, or their respective employees, agents or other persons acting or allegedly acting on their behalf;

 

		28.	Claims based upon failure to maintain appropriate insurance,
and claims based upon inadequate safety measures and/or malpractice of risk management;

 

		29.	Actions relating to the operations and management of the
Company and/or its Subsidiaries and/or Affiliates;

 

		30.	Claims in connection with the preparation or providing
of any annual or quarterly financial statements, profit and loss statements, balance sheets and similar financial information.

 

    	 	9Exhibit 10.5

 

CONSULTANCY
AGREEMENT

 

This Consultancy Agreement (“Agreement”),
is made effective as of August 1, 2018 (“Effective Date”) by and between:

 

InMode Ltd., duly incorporated under
the laws of the State of Israel, located at Tavor Building, Sha’ar Yokneam, P.O. Box 533, Yokneam 20692, Israel (the “Company”);
and

 

M.N. Business Strategy Ltd. Israeli
incorporation number 512297508, of 2 Yatziz St., Tel-Aviv, Israel, via its sole principal Mr. Moshe Mizrahy (respectively
the "Consultant" and the "Principal").

 

(Each a "Party" and together
the "Parties")

 

		Whereas	the Principal is the sole principal and shareholder of the Consultant;

 

		Whereas	the Parties are parties to that certain consultancy agreement dated July 1, 2017 (the "Previous
Agreement"); and

 

		Whereas	The Parties agree to amend the terms of the Previous Agreement and replace it with this Agreement,
effective as of the Effective Date, and to establish the terms and basis of continuous engagement of the Principal as the CEO of
the Company and the Group (as defined below), and to provide his management services to the Company via the Consultant;

 

Now,
therefore, the parties have agreed as follows:

 

		1.	Consultancy Agreement

 

		1.1.	The preamble hereto and the appendices attached hereto form integral and binding parts of this
Agreement.

 

		1.2.	The term "Group" as used in this Agreement shall mean the Company and any of the
Company's present or future subsidiaries in which the Company is a shareholder, directly or indirectly, as currently exist and
as may exist in the future.

 

		1.3.	The Company wishes to retain the Consultant’s services described in the attached Appendix
A (the “Services”) pursuant to the terms set out herein, and the Consultant agrees to provide these
Services. The scope of the Services will be as set forth in Appendix A.

 

		1.4.	The Principal shall be entitled to enter into indemnification and exemption agreement with the
Company and to be included in the Company's D&O Insurance, once consummated by the Company.

 

		1.5.	The Consultant will provide the Services solely via the Principal and neither the Consultant nor
the Principal may employ/retain other persons for the performance of the Services, or assign or sub-contract the performance hereunder
to any third party, without the prior written consent of the Company. The Consultant agrees to cause the Principal to dedicate
his time (to the extent agreed upon), experience, talent, expertise and knowledge for the provision of the Services, and to perform
the Services in a loyal and dedicated manner and in accordance with the Company’s policies and instructions.

 

     

     

    

 

		1.6.	The Consultant hereby declares that neither it nor the Principal are under any restrictions regarding
the rendering of the Services to the Company and the execution of this Agreement.

 

		1.7.	The Consultant is an independent contractor. The Parties do not intend, and this Agreement and
the performance hereunder shall not be construed to give effect to employment, partnership, joint venture or agency relations between
the Parties and/or between the Company and the Principal. The Consultant and the Principal undertake not to present any claims
against the Company in that regard.

 

		1.8.	Should the Consultant, the Principal or any other party on their behalf present any claim against
the Company for compensation, based upon allegation of employee-employer relations or otherwise, the Consultant will indemnify
and hold the Company harmless for and against such claims, and the Company may offset any sum it may owe the Consultant against
the due indemnification sums. Furthermore, the Consultant agrees that if a claim is filed by the Principal or any other party on
its behalf against the Company based on alleged employee-employer relations, and a competent court of law accept such claims, then:
(i) the monthly gross salary due will be calculated as 60% of the Consulting Fee (as per Section 2.1 below), (ii) the Consultant
shall refund to the Company all sums previously paid by the Company in excess of such gross salary, and (iii) the Company shall
use the refund amounts towards satisfaction of employer's obligations arising from the aforesaid court-recognized employee-employer
relations.

 

		1.9.	All reasonable procedures, policies and directives of the Company (present and future) applicable
to subjects of work behavior, discipline etc., will have a binding effect on the Consultant and the Principal as if they were included
in this Agreement, provided however, that such policies have been brought to the Consultant's or Principal’s attention in
advance.

 

		1.10.	The Services performed hereunder are "work for hire", and the Consultant and the Principal
shall have no rights or title in such Services, or any part thereof or any of its products or results, and the Company shall own
all rights to such work in its name or otherwise, including copyrights, patents, trademarks and other rights.

 

		1.11.	The Consultant shall (and shall cause the Principal to) perform the Services according to all laws,
rules and regulations applicable to it.

 

		2.	Remuneration & Scope

 

		2.1.	In consideration of the provision of the Services by the Consultant via the Principal, and all
other obligations of the Consultant and Principal hereunder, the Company will pay to the Consultant a gross monthly consulting
fee in the amount set out in the attached Appendix A (the "Consulting Fee").

 

		2.2.	Expenses: in addition to the Consulting Fee, the Consultant shall be reimbursed for all
Service-related out of pocket expenditures incurred by it in connection with the performance of the Services, including travel
abroad and other business expenses, subject to prior written approval of the Company and in accordance with the Company’s
reasonable expense return policy.

 

    		-2-	 

     

    

 

		2.3.	At the end of each calendar month, the Consultant will submit an Invoice for the Consulting Fee
due for the applicable month. If applicable, VAT will be added at the rate applicable at the time of each payment. The Company
will pay the monthly Invoice within 10 business days after receipt thereof. Withholding taxes will be deducted according to applicable
laws to the extent applicable.

 

		2.4.	The Consultant shall bear, be responsible for, and shall indemnify and hold the Company harmless
from, all payments required to be made to the tax authorities, National Insurance Institute, health and life insurance and any
other obligatory payments related to the provision of the Services hereunder or to the remuneration provided in connection therewith.

 

		2.5.	The Parties confirm that the remuneration detailed in this Section 2 above is the full and exclusive
remuneration due to the Consultant for the Services hereunder, and constitute the total cost to the Company.

 

		3.	Secrecy, Non-Compete and other Intellectual Property Issues

 

		3.1.	The Consultant undertakes to (and shall cause the Principal to) execute, perform and abide by the
Secrecy, Non-Compete and Intellectual Property Undertakings as attached hereto as Appendix B.

 

		4.	Period of the Agreement 

 

		4.1.	This Agreement is made for an un-defined period, subject to the right of each party, at any time,
to terminate it by giving prior notice: (i) 90 days prior notice if termination is provided by either party at will; or (ii) immediately
- if termination is made for cause.

 

The term “cause”
in this agreement shall be defined as any of the following events or acts of the Consultant and/or Principal: (a) self-dealing,
embezzlement or misappropriation of the Company’s property or serious damage to the Company’s property which is intentionally
caused, (b) gross negligence or gross misconduct which represents also a breach of duty of loyalty as defined in the Companies
Law, (c) criminal behavior as determined by a court of law, except as for traffic violations.

 

		4.2.	The Company shall have the right to terminate the Agreement immediately without cause, provided
however that it pays to the Consultant the Consulting Fee due for the entire notice period, on the termination date.

 

		4.3.	Except as provided by law, termination of this Agreement is without liability of the Company for
any claims or payments beyond those earned or accrued in the course of the engagement hereunder; and the Consultant hereby waives
any and all such claims towards the Company, its affiliates and any other third party.

 

		4.4.	The termination of this Agreement will not entitle either party to any compensation.

 

		4.5.	The provisions of Sections 1.7, 1.8, 1.10, 2.4, 4.3, 4.4 and 5.1 through 5.5 of this Agreement
shall remain valid and binding regardless the termination of this Agreement, and will survive such termination.

 

    		-3-	 

     

    

 

		5.	General Provisions

 

		5.1.	This Agreement forms the complete and exclusive agreement between the Parties as to its subject
matter; and cancels any prior verbal or written agreement related thereto. Any change to this Agreement requires a duly signed
document.

 

		5.2.	The failure or delay of either Party to require the performance of any term under this Agreement,
or the waiver by either Party of any breach under this Agreement, shall not prevent subsequent enforcement of such terms, nor be
deemed a waiver of any subsequent or prolonged breach.

 

		5.3.	Any notice sent by one Party to the other by registered mail will be deemed to have been received
on the 7th business day after the day of mailing. Fax and electronic messages will be deemed to have been received on
the first business day following the day of transmission.

 

		5.4.	This Agreement may be executed in counterparts, each of which shall be deemed an original, and
all of which taken together shall constitute one and the same instrument, with the same effect as if the signatures thereto were
upon the same instrument. The exchange of signature pages (in counterparts or otherwise) by electronic transmission in electronic
files or by facsimile copies shall have the same legal effect as the exchange of signed originals and shall be sufficient to bind
the Parties to the terms and conditions of this Agreement.

 

		5.5.	The exclusive law of this Agreement is the law of Israel, as it applies to agreements made and
to be performed in Israel, without regard to “choice of law” provisions. The courts of Israel (in the city of Haifa)
will have exclusive jurisdiction over all claims arising out of or relating to this Agreement, and each Party hereby consents and
submits to such exclusive jurisdiction. However, in matters involving a breach or infringement of intellectual property rights,
the Company shall be entitled to bring action against the Consultant in any other competent court. Judgements, verdicts and decrees
of any of the aforesaid courts shall be enforceable against either Party in any country.

 

In Witness Hereof,
the parties execute this Agreement effective as of August 1, 2018

 

	/s/ Rafael
    Lickerman          /s/ Nir Malkah	 	/s/ Mr. Moshe Mizrahy
	InMode Ltd.

The Company	 	M.N. Business Strategy Ltd.

The Consultant
	By: Rafael Lickerman and Nir Malkah	 	By: Mr. Moshe Mizrahy

 

 Confirmation:

 

I, the undersigned, being the above referenced
Principal pursuant to the above Agreement, hereby confirm and undertake towards the Company with respect to all of the undertakings
and representations of the Consultant and the Principal as detailed above.

 

	/s/
    Mr. Moshe Mizrahy	 
	Mr. Moshe Mizrahy	 
	Date of signature as of the Effective Date	 

 

    		-4-	 

     

    

 

APPENDIX
A

 

		1.	The Services

 

		1.1.	Pursuant to Section 1.3 to the Agreement, the Services provided by the Consultant via the Principal
shall be the Chief Executive Officer of the Group (as defined in the Agreement) or another such executive position as may be determined
by the Board of Directors of the Company.

 

		1.2.	The Principal shall report to the Board of Directors.

 

		2.	The Scope of the Services

 

		2.1.	The Parties confirm that the Consultant’s Services to the Company will be in a scope required
for the performance of the Services which may be less than of a full time position, requiring work at long and irregular hours
including extensive travel abroad.

 

		3.	Consulting Fee

 

		3.1.	As per Section 2.1 to the Agreement, the Consultant shall be entitled to a gross monthly Consulting
Fee equal to US $18,000 plus VAT, if applicable.

 

    		-5-	 

     

    

 

APPENDIX
B

SECRECY;
INTELLECTUAL PROPERTY AND NON-COMPETE UNDERTAKINGS

 

In consideration of the disclosure by the
Company to the Consultant and Principal of information relating to the Services and the remuneration as set out in the Agreement,
the Consultant and the Principal agree as follows:

 

		1.	In this Appendix B, the term “Group” shall mean the Company and any of the Company’s
present or future subsidiaries in which the Company is a shareholder, directly or indirectly, and the Company’s affiliates,
as currently exist and as may exist in the future.

 

		2.	The term “Proprietary Information” means any and all confidential and/or proprietary
knowledge, data or information of the Group or of any third party which is disclosed to Consultant and/or Principal or which it/he
otherwise obtains or generates as a result of the Services (including the implications, results and applications of the Services
and any knowhow, intellectual property and other rights relating to the results of the Services), including without limitation
technical, business, marketing, financial, administrative, management and commercial information related to the Group, its products,
current or prospective, knowhow, technology, trade secrets, software, copyright, process, commercial relations, actual and potential
clients and suppliers, business or other plans, and any other information of a proprietary or confidential nature. Without derogating
from the generality of the above said, information which by nature is deemed to be proprietary and non-public information and any
information discussed and presented at any meeting of the Group in which the Principal attended shall also be recognized as Proprietary
Information.

 

		3.	The term “Proprietary Information” does not include information (i) which is, at the
date of signature hereof or thereafter, enters the public domain, through no act or omission by the Consultant and/or Principal,
(ii) information which was known to Consultant and/or Principal prior to its disclosure (in the case of information disclosed by
Group) or prior to its generation (in the case of Proprietary Information generated by Consultant and/or Principal), as evidenced
by its/his written records at the time of disclosure or generation (as applicable), (iii) which reflects information generally
known in the industries or trades in which the Company operates, (iv) received by Consultant and/or Principal at any time from
other sources that were legally entitled to receive and transfer such information without any obligation of confidentiality to
the Group.

 

		4.	Proprietary Information and any part thereof are recognized by Consultant and Principal as being
confidential and the exclusive and sole property of the Group.

 

		5.	The Consultant and the Principal undertake to maintain the confidentiality of the Proprietary Information,
not to disclose or make available to any third party any of the Proprietary Information nor to make any use or enable others to
make any use thereof other than for purposes of the Services, without the express prior written approval of the Company.

 

If required by law or pursuant
to discovery requirements of a stock exchange or pursuant to securities laws and regulations, if applicable to the Company, Consultant
and/or Principal may disclose Proprietary Information to a governmental authority and/or stock exchange or by order of a court
of competent jurisdiction, provided that: (a) unless restricted by such authority, Consultant and/or Principal, as applicable,
shall immediately notify Company and take reasonable steps to assist Company in contesting such request, requirement or order or
otherwise protecting Company’s rights; and (b) Consultant and/or Principal, as applicable, shall limit the scope of such
disclosure only to such portion of the Proprietary Information that it/he is legally required to disclose.

 

    		-6-	 

     

    

 

The confidentiality and non-use
obligations contained herein will remain valid and binding regardless of the termination of the Agreement and shall survive for
a period of seven (7) years from the date of termination of this Agreement, and with respect to technological and technical information
of the Group including trade secrets, the post termination period of compliance shall remain until said information comes into
the public domain through no fault of the Consultant and/or Principal.

 

		6.	The term “Proprietary Rights” shall mean all inventions, discoveries, ideas,
know-how, works of authorship and confidential information, including copyrights, patents and patent applications, trade secrets,
trademarks, service marks, design marks, any registrations or applications relating to any of the foregoing, which are in the in
the field of medical aesthetic products for the medical/professional markets and explicitly excluding any business Home Skinovations
Ltd. does, directly or indirectly with respect to medical/aesthetic products for home-use and the non-professional markets (the
foregoing shall be referred to as the "Field").

 

Inventions, if any, patented
or unpatented, made by Consultant and/or Principal prior to his first date of engagement with the Company are excluded from the
scope of this Agreement.

 

Consultant and Principal hereby
assign and agree to assign in the future (when any such inventions in the Field or Proprietary Rights are first reduced to practice
or first fixed in a tangible medium, as applicable) to the Group all their right, title and interest in and to any and all Proprietary
Rights whether or not patentable or registrable under copyright or similar statutes, made or conceived or reduced to practice or
generated by Consultant and/or Principal, either alone or jointly with others, in the performance of the Services for the Company
during the period of the Agreement. Inventions in the Field assigned to the Company, or to a third party as directed by the Company
pursuant to this Section 6, are hereinafter referred to as “Company Inventions.”

 

Consultant and Principal hereby
irrevocably waive any right to any additional compensation to which it/he may be entitled with respect to any such assigned Company
Inventions pursuant to any applicable law, in any jurisdiction, including (but not limited to) pursuant to the Israeli Patents
Law-1967, or any provision that may supersede it.

 

The Consultant and the Principal
acknowledge that all original works of authorship which are made by Consultant and/or Principal (solely or jointly with others)
in the performance of the Services for the Company and which are protectable by copyright are “works made for hire”
and are the property of the Company pursuant to applicable copyright law. 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 Consultant and the Principal hereby waive such Moral Rights and consent to any action of
the Group that would violate such Moral Rights in the absence of such consent including the right to prevent changes in such works
and/or to be named in its/his name.

 

    		-7-	 

     

    

 

Consultant and Principal will
assist the Group in every proper way to obtain, and from time to time enforce, any patent rights relating to Company Inventions
in any and all countries, at Company’s expense. To that end Consultant and Principal 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 patent rights and the assignment thereof. In addition, Consultant
and Principal will execute, verify and deliver such assignments of such patent rights to the Company or its designee as the Company
may reasonably request. The Company shall compensate Consultant and/or Principal, as applicable, at a reasonable rate for the time
actually spent by Consultant and/or Principal at the Company’s request on such assistance. Consultant's and Principal's obligation
to assist the Group with respect to patent rights relating to such Company Inventions in any and all countries shall continue beyond
the termination of this Agreement.

 

The Consultant and the Principal
hereby agree that it/he shall not be entitled to any additional compensation for the assignments described in this Section 6 above
and beyond the consideration set forth in the Agreement. The Consultant and the Principal acknowledge and agree that it/he will
not be entitled to additional royalties, consideration or other payments with regard to any of the Proprietary Rights assigned
to Company as set forth above, and do hereby explicitly, irrevocably and unconditionally waive the right to receive any such additional
royalties, consideration or other payments.

 

		7.	Neither the Consultant nor the Principal shall use any third party's intellectual property, materials,
documents, other resources or confidential information in the performance of the Services.

 

		8.	The Company hereby irrevocably waives any claim against the Consultant and/or Principal concerning
conflict of interests between Consultant's and/or Principal's other business interests and activities and their position as consultant
to the Company. Nevertheless, the Parties confirm that Consultant and Principal are active in various other entities in the cosmetic,
dermatologic and medical fields and they may continue to be involved therewith, provided that, during the period of this Agreement,
they do not hold an executive position in an entity directly competing with the Group's business in the professional medical aesthetic
market, without receiving the prior written consent of the Company's Board of Directors

 

The Consultant and/or the Principal,
as applicable, shall report to the Company’s Chairman of the Board during the period of the Agreement of their intention
to provide services which creates conflict of interest between Consultant's and/or Principal's other business interests and their
position as a consultant to the Company. Within ten (10) business days from such notification, the Company shall inform the Consultant
and/or Principal, as applicable, whether it agrees or objects to such new engagement by Consultant and/or Principal. In the event
that the Company notifies the Consultant and/or Principal that it objects such new engagement, either Party may terminate the Agreement
for convenience by giving the other Party a 90 days prior written notice.

 

    		-8-	 

     

    

 

		9.	Without prejudice to the generality of the foregoing, each of the Consultant and the Principal
agrees that during the period of this Agreement and for an additional period of 6 months following termination, the Consultant
and the Principal will not, directly or indirectly, for their own account or for the account of others, including without limitation
as a stockholder (other than as the holder of not more than 5% of the total outstanding stock of a publicly held company), director,
officer, employee/employer, investor, partner, consultant, sole proprietor or independent contractor, do or participate or assist
or allow to do any of the following:

 

		(a)	Directly compete or assist others to compete with the business of the Company in the Field;

 

		(b)	Request or advise any past, present or future business associate of the Company to decrease or
cancel their business with the Company;

 

		(c)	Cause any employee or consultant of the Company to terminate his relations with the Company or
to work for the Consultant and/or Principal or for any party associated with them.

 

The term “business of
the Company in the Field” in this Section 9 shall mean developing, producing, marketing or selling products or services
of the kind or type developed or currently contemplated to be developed, produced, marketed or sold or contemplated to be developed,
produced, marketed or sold, by the Group in the Field.

 

The Parties confirm that during the provision of the Services hereunder,
the Consultant and the Principal will be exposed to confidential Proprietary Information of the Company; and that any activity
as forbidden under subsections (a), (b) and (c) above is bound to breach the right of the Company to the exclusive use of such
Proprietary Information; and therefore the Parties agree that the above post-termination period is intended to ensure such rights
of the Company.

 

		10.	Upon termination of the Agreement, the Consultant and the Principal shall immediately return to
the Company or delete from their network all materials of any kind (whether in written or electronic form, computer files or otherwise)
concerning the Proprietary Information, including all copies thereof, and they shall not retain any copies of such materials and
shall erase such from all of their files and records in any format.

 

		11.	The provisions of this Appendix B shall apply to the Parties, effective as of their first date
of engagement on January 9, 2008.

 

And in
Witness hereof the Parties sign this Appendix B effective as of August 1, 2018

 

	/s/ Rafael Lickerman          /s/ Nir Malkah	 	/s/ Mr. Moshe Mizrahy
	InMode Ltd.	 	M.N. Business Strategy Ltd.
	By:	Rafael Lickerman and Nir Malkah	 	By: Mr. Moshe Mizrahy
	 	 	 	 
	/s/ Mr. Moshe Mizrahy	 	 
	Mr. Moshe Mizrahy	 	 
	 	 	 

 

 

    		-9-

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00297-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00297-of-00352.parquet"}]]