Document:

Document

EXHIBIT 10.2
JOINDER AGREEMENT
THIS JOINDER AGREEMENT (“Joinder Agreement”) is executed as of April 19, 2021, by HCII-607 S. GREENWOOD SPRINGS DRIVE, LLC, a Delaware limited liability company (the “Joining Party”), and delivered to KeyBank National Association, as Agent, pursuant to §5.5 of that certain Term Loan Agreement dated as of August 7, 2019, as amended by that certain First Amendment to Term Loan Agreement dated as of October 3, 2019, and as amended by that certain Second Amendment to Term Loan Agreement dated as of July 10, 2020 (as amended, the “Loan Agreement”), by and among Sila Realty Trust, Inc., f/k/a Carter Validus Mission Critical REIT II, Inc. (the “Borrower”), KeyBank National Association, for itself and as Agent, and the other Lenders from time to time party thereto.  Terms used but not defined in this Joinder Agreement shall have the meanings defined for those terms in the Loan Agreement.
RECITALS
A.    The Joining Party is required, pursuant to §5.5 of the Loan Agreement, to become an additional Subsidiary Guarantor under the Guaranty and the Contribution Agreement.
B.    The Joining Party expects to realize direct and indirect benefits as a result of the availability to the Borrower of the credit facilities under the Loan Agreement.
NOW, THEREFORE, the Joining Party agrees as follows:
AGREEMENT
1.Joinder.  By this Joinder Agreement, the Joining Party hereby becomes a “Subsidiary Guarantor” and a “Guarantor” under the Loan Agreement, the Guaranty and the other Loan Documents with respect to all the Obligations of the Borrower now or hereafter incurred under the Loan Agreement and the other Loan Documents, and a “Subsidiary Guarantor” under the Contribution Agreement.  The Joining Party agrees that the Joining Party is and shall be bound by, and hereby assumes, all representations, warranties, covenants, terms, conditions, duties and waivers applicable to a “Subsidiary Guarantor” and a “Guarantor” under the Loan Agreement, the Guaranty, the other Loan Documents and the Contribution Agreement.
2.Representations and Warranties of the Joining Party.  The Joining Party represents and warrants to Agent that, as of the Effective Date (as defined below), except as disclosed in writing by such Joining Party to Agent on or prior to the date hereof and approved by the Agent in writing (which disclosures shall be deemed to amend the Schedules and other disclosures delivered as contemplated in the Loan Agreement), the representations and warranties contained in the Loan Agreement and the other Loan Documents applicable to a “Guarantor” or “Subsidiary Guarantor” are true and correct in all material respects as applied to the Joining Party as a Subsidiary Guarantor and a Guarantor on and as of the Effective Date as though made on that date.  As of the Effective Date, all covenants and agreements in the Loan Documents and the Contribution Agreement of the Subsidiary Guarantors apply to the Joining Party and no 
118015787

Default or Event of Default shall exist or might exist upon the Effective Date in the event that the Joining Party becomes a Subsidiary Guarantor.
3.Joint and Several.  The Joining Party hereby agrees that, as of the Effective Date, the Guaranty and the Contribution Agreement heretofore delivered to the Agent and the Lenders shall be a joint and several obligation of the Joining Party to the same extent as if executed and delivered by the Joining Party, and upon request by Agent, will promptly become a party to the Guaranty and the Contribution Agreement to confirm such obligation.
4.Further Assurances.  The Joining Party agrees to execute and deliver such other instruments and documents and take such other action, as the Agent may reasonably request, in connection with the transactions contemplated by this Joinder Agreement.
5.GOVERNING LAW.  THIS AGREEMENT SHALL BE DEEMED TO BE A CONTRACTUAL OBLIGATION UNDER, AND SHALL, PURSUANT TO NEW YORK GENERAL OBLIGATIONS LAW SECTION 5-1401, BE GOVERNED BY AND CONSTRUED AND ENFORCED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK.
6.Counterparts.  This Joinder Agreement may be executed in any number of counterparts which shall together constitute but one and the same agreement.
7.The effective date (the “Effective Date”) of this Joinder Agreement is April 19, 2021.

118015787

IN WITNESS WHEREOF, the Joining Party has executed this Joinder Agreement under seal as of the day and year first above written.
“JOINING PARTY”
HCII-607 S. Greenwood Springs Drive, LLC, a Delaware limited liability company 

By:     Sila Realty Operating Partnership, LP, a Delaware limited partnership, its sole member
By:     Sila Realty Trust, Inc., a Maryland corporation, its General Partner
By:    /s/ Kay C. Neely    
Name:     Kay C. Neely
Title:    Chief Financial Officer and Treasuer
 [SEAL]

ACKNOWLEDGED:
KEYBANK NATIONAL ASSOCIATION, as Agent
By: /s/ Kristin Centrachio
Name: Kristin Centracchio
Title:   Vice President
Signature Page to Joinder Agreement (KeyBank/CV REIT II - Term Loan Agreement)
118015787Exhibit
10.30

 

RECEIVABLES
FINANCING AGREEMENT

 

dated
as of

 

June
19, 2020

 

among

 

Corona
Diagnostics LLC,

Todos
Medical USA

and

Todos
Medical Ltd.,

 

As
Borrower,

 

and

 

Toledo
Advisors L.L.C., 

 

As
Lender

 

    	 

     

    

 

RECEIVABLES
FINANCING AGREEMENT

 

This
Receivables Financing Agreement (as amended, restated, supplemented or otherwise modified, this “Agreement”) is entered
into between Toledo Advisors L.L.C., a Nevada limited liability company with its principal place of business at 641 5th Street,
Lakewood, NJ 08701 (together with its successors, the “Lender”), and Corona Diagnostics LLC, a Nevada limited liability
company (the “Testing Sub”), Todos Medical USA, a Nevada corporation (the “Holding Company”), and
Todos Medical Ltd., an Israeli corporation (the “Parent” and jointly and severally with Testing Sub and the Holding
Company, the “Borrower”), each with a mailing address of 45 Wall Street, Suite 920, New York, NY 10005, as of the
19th day of June, 2020 (the “Effective Date”).

 

Article
1 - DEFINITIONS

 

Section
1.1 Certain Defined Terms

 

The
following terms used in this Agreement shall have the following meanings, applicable both to the singular and the plural forms of the
terms defined. As used in this Agreement:

 

“1933
Act” is defined in Section 6.14 hereof.

 

“1934
Act” is defined in Section 6.13 hereof.

 

“Affiliate”
means, as applied to any Person, any other Person who, directly or indirectly, controls, is controlled by, or is under common control
with, such Person, or is a family member related by birth or marriage. For purposes of this definition only, “control” means
the possession, directly or indirectly, of the power to direct the management and policies of a Person, whether through the ownership
of equity interests, by contract, or otherwise; provided, however, that, in any event: (i) any Person who owns directly
or indirectly fifty percent (50%) or more of the securities having ordinary voting power for the election of directors or other members
of the governing body of a Person or fifty percent (50%) or more of the partnership, member or other ownership interests of a Person
(other than as a limited partner of such Person) shall be deemed to control such Person; (ii) each director (or manager) of a Person
shall be deemed to be an Affiliate of such Person; and (iii) each partnership or joint venture in which a Person is a partner or joint
venturer shall be deemed to be an Affiliate of such Person.

 

“Applicable
Rate” means the greater of (i) 12% per annum, or (ii) 30% of the Anticipated Margin presented to the Lender in connection with
a Draw Request, such calculation to be made by the Lender in good faith and which calculation shall be binding on the parties absent
manifest error.

 

“Anticipated
Margin” means an estimate of the anticipated gross margins for the applicable receivable financed with a Draw.

 

“Bankruptcy
Code” means Title 11 of the United States Code (11 USC, § 101 et seq), as amended from time to time, and any successor
statute thereto, including (unless the context requires otherwise) any rules or regulations promulgated thereunder.

 

“Borrower”
is defined in the preamble of this Agreement.

 

    	-1-

     

    

 

“Business
Day” means any day that is not a Saturday, Sunday, or other day on which national banks are authorized or required to close
in New York, New York.

 

“Capital
Lease” means a lease that is required to be capitalized for financial reporting purposes in accordance with GAAP.

 

“Change
of Control” means in respect of any Person (i) the replacement of a majority of the directors or managers who constituted the
Board of Directors or the managing body on the Effective Date for any reason other than death or disability, and such replacement shall
not have been approved by the Board of Directors or managing body as constituted on the Effective Date; or (ii) a Person or Persons acting
in concert, as a result of a tender or exchange offer, privately negotiated purchase or purchases, exercise of the stock pledge, death
of a shareholder or otherwise, shall have become the “beneficial owner” (within the meaning of Rule 13d-3 and 13d-5 under
the Securities Exchange Act of 1934, as amended from time to time) of securities of Borrower representing more than fifty percent (50%)
of the combined voting power of the outstanding securities of Borrower ordinarily having the right to vote in the election of directors
or managers; provided, however, that (x) any action taken to replace members of the Board of Directors of Borrower by or at the
direction of Lender or any Affiliate, or (y) any acquisition or purchase of equity securities of Borrower by Lender or an Affiliate,
or the acquisition or purchase of equity securities of Borrower as a result of the sale, transfer or other disposition of such securities
by Lender or an Affiliate shall not be deemed to be a Change of Control for purposes of this Agreement.

 

“Closing
Date” means the date of this Agreement.

 

“Contingent
Obligations” mean any agreement, undertaking or arrangement by which any Person assumes, guaranties, endorses, agrees to provide
funding, or otherwise becomes or is contingently liable upon the obligation or liability of any other Person.

 

“Controlled
Account” means that certain account agreed to by the Borrower and Lender as of the date hereof.

 

“Default
Rate” means an interest rate per annum equal to six hundred basis points (6%) above the Applicable Rate then in effect.

 

“Draws”
means all draws, advances and disbursements under the Receivables Financing Facility.

 

“Draw
Credit Maximum Amount” means $25,000,000.

 

“Draw
Loan Maturity Date” means, with respect to each Draw, the earlier to occur of (a) the day that is ninety days following the
day such Draw was funded by the Lender and (b) the day that the receivable, the financing for which such Draw was requested, is paid.

 

“Draw
Request” is defined in Section 2.4 hereof.

 

“ERISA”
means the Employee Retirement Income Security Act of 1974, as amended from time to time, and any successor statute thereto, including
without limitation (unless the context otherwise requires), any rules or regulations promulgated thereunder.

 

“Event
of Default” means an event described in Article 7 hereof.

 

“FINRA”
is defined in Section 6.12 hereof.

 

    	-2-

     

    

 

“Foreign
Subsidiary” means any Subsidiary that is incorporated or organized outside of the United States of America.

 

“GAAP”
means generally accepted accounting principles set forth in the opinions and pronouncements of the Accounting Principles Board, the American
Institute of Certified Public Accountants and the Financial Accounting Standards Board as in effect from time to time in the United States
consistently applied.

 

“Governmental
Authority” means any nation or government, any federal, state, local or other political subdivision thereof and any entity
exercising executive, legislative, judicial, regulatory or administrative authority or functions of or pertaining to government, including
any authority or other quasi-governmental entity established to perform any of such functions.

 

“Governmental
Rule” means any law, rule, regulation, ordinance or other pronouncement of any Governmental Authority.

 

“Hazardous
Materials” mean (i) substances and wastes of other materials that are defined or listed in, or otherwise classified pursuant
to, any applicable laws or regulations as “hazardous substances,” “hazardous materials,” “hazardous wastes,”
“toxic substances,” or any other formulation intended to define, list, or classify substances by reason of deleterious properties
such as ignitability, corrosivity, reactivity, carcinogenicity, toxicity to humans, animals, wildlife or plants, or “EP toxicity,”
(ii) oil, petroleum, or petroleum derived substances, natural gas, natural gas liquids, synthetic gas, drilling fluids, produced waters,
and other wastes associated with the exploration, development, or production of crude oil, natural gas, or geothermal resources, (iii)
flammable substances, explosives or radioactive materials, and (iv) asbestos in any form or (v) polychlorinated biphenyls, whether or
not contained within electrical equipment, in concentrations in excess of 50 parts per million.

 

“Indebtedness”
means, at any time, (i) all indebtedness, obligations or other liabilities (other than accounts payable arising in the ordinary course
of business payable on terms customary in the trade) which in accordance with GAAP should be classified as liabilities on the balance
sheet of such Person, including without limitation, (A) for borrowed money or evidenced by debt securities, debentures, acceptances,
notes or other similar instruments, and any accrued interest, fees and charges relating thereto, (B) under profit payment agreements
or in respect of obligations to redeem, repurchase or exchange any securities or to pay dividends in respect of any stock, (C) with respect
to letters of credit, bankers acceptances, interest rate swaps or other contracts, currency agreement or other financial products, (D)
to pay the deferred purchase price of property or services, or (E) in respect of Capital Leases; (ii) all indebtedness, obligations or
other liabilities secured by a lien on any property, whether or not such indebtedness, obligations or liabilities are assumed by the
owner of the same; and (iii) all Contingent Obligations.

 

“Insolvency
Proceeding” means any proceeding commenced by or against any Person under any provision of the Bankruptcy Code or under any
other state or federal bankruptcy or insolvency law, receivership, assignment for the benefit of creditors, formal or informal moratorium,
forbearance, composition, extension generally with creditors, or proceedings seeking reorganization, arrangement, or other similar relief.

 

    	-3-

     

    

 

“Intellectual
Property” means all now owned or hereafter acquired right, title and interest in trade names, trademarks, trade secrets, service
marks, data bases, software and software systems, including source and object codes, information systems, discs, tapes, customer lists,
telephone numbers, credit memoranda, goodwill, patents, patent applications, patents pending, copyrights, royalties, literary rights,
licenses and franchises.

 

“IRC”
or “Internal Revenue Code” means the Internal Revenue Code of 1986, as amended from time to time, and any successor
statute thereto, including (unless the context requires otherwise) any rules or regulations promulgated thereunder.

 

“Irrevocable
Transfer Agent Instructions” is defined in Section 6.16 hereof.

 

“Legal
Counsel Opinion” is defined in Section 6.14 hereof.

 

“Legal
Requirements” means, collectively, as to any Person, the articles of incorporation, bylaws or other organizational or governing
documents of such Person, and any law, treaty, rule or regulation, including any Governmental Rule, any requirement under any permit,
and any determination of any Governmental Authority, in each case applicable to or binding upon such Person or any of its properties
or to which such Person or any of its property is subject.

 

“Lender”
is defined in the preamble of this Agreement.

 

“Lien”
means any interest in an asset securing an obligation owed to, or a claim by, any Person other than the owner of the asset, whether such
interest shall be based on the common law, statute, or contract, whether such interest shall be recorded or perfected, and whether such
interest shall be contingent upon the occurrence of some future event or events or the existence of some future circumstance or circumstances,
including the lien or security interest arising from any mortgage, deed of trust, encumbrance, pledge, hypothecation, assignment (collateral
or otherwise), hypothec, deposit arrangement, security agreement, conditional sale, trust receipt, lease, consignment, or bailment for
security purposes, judgment, claim encumbrance or statutory trust and also including reservations, exceptions, encroachments, easements,
rights-of-way, covenants, conditions, restrictions, leases, and other title exceptions and encumbrances affecting real property.

 

“Loan
Documents” mean this Agreement, the Notes, the Pledge Agreement, the Security Agreements and any other agreements, instruments,
and certificates executed in connection herewith or contemplated hereby, as the same may be amended, restated or otherwise modified and
in effect from time to time.

 

“Material
Adverse Effect” means, at any time, any event, development or circumstance that has or could reasonably be expected to have
a material adverse effect in respect of Borrower upon (i) the business, assets, operations, prospects or condition (financial or otherwise)
of any Borrower and/or (ii) the ability of Borrower to perform any of its obligations under the Loan Documents to which it is a party.

 

“Notes”
means all promissory notes evidencing Draws under the Receivables Financing Facility, as such promissory notes may be amended, restated,
supplemented or otherwise modified from time to time.

 

    	-4-

     

    

 

“Obligations”
means all obligations of Borrower to pay principal, interest and fees on all Draws, all fees and charges payable hereunder, and all other
payment obligations of Borrower arising under or in relation to this Agreement or any Loan Document executed in connection herewith,
in each case whether now existing or hereafter arising, due or to become due, direct or indirect, absolute or contingent, and howsoever
evidenced, held or acquired.

 

“Payment
Date” means, in the case of each Draw, the first Business Day of each month, and if not previously paid in full, at maturity
(whether by acceleration or otherwise) of such Draw.

 

“Permitted
Contest” means the right of Borrower to contest or protest any Lien, taxes (other than payroll taxes or taxes that are the
subject of a United States federal tax lien), or rental payment, provided that (i) a reserve with respect to such obligation is established
on Borrower’s books and records in such amount as is required under GAAP, (ii) any such protest is instituted promptly and prosecuted
diligently by Borrower in good faith, and (iii) Lender is satisfied in reasonable discretion, that, while any such protest is pending,
there will be no impairment of the enforceability, validity, or priority of any of Lender’s Liens.

 

“Permitted
Liens” mean (i) any Liens held by Lender or Affiliates of Lender from time to time, (ii) Liens for unpaid taxes that either
are not yet delinquent, or do not constitute an Event of Default hereunder and are the subject of a Permitted Contest, (iii) the interests
of lessors under operating leases, (iv) Liens securing purchase money Indebtedness or the interests of lessors under Capital Leases to
the extent that such Liens or interests secure Permitted Purchase Money Indebtedness, (v) Liens arising by operation of law in favor
of warehousemen, landlords, carriers, mechanics, materialmen, or laborers, incurred in the ordinary course of Borrower’s business
and not in connection with the borrowing of money, and which Liens either (A) are for sums not yet delinquent, or (B) are the subject
of Permitted Contests, (vi) Liens arising from deposits made in connection with obtaining worker’s compensation or other unemployment
insurance, (vii) Liens or deposits to secure performance of bids, tenders, or leases incurred in the ordinary course of Borrower’s
business and not in connection with the borrowing of money, (viii) Liens granted as security for surety or appeal bonds in connection
with obtaining such bonds in the ordinary course of Borrower’s business, and (ix) Liens resulting from any judgment or award that
is not an Event of Default hereunder.

 

“Permitted
Purchase Money Indebtedness” means secured or unsecured purchase money Indebtedness (including obligations under Capital Leases)
incurred to finance the acquisition of fixed assets or equipment, if such Indebtedness (i) has a scheduled maturity and is not due on
demand, (ii) does not exceed the purchase price of the items being purchased, and (iii) is not secured by any property or assets other
than the item or items being purchased.

 

“Permitted
Third-Party Financing” is defined in Section 6.5 hereof.

 

“Person”
means any individual, corporation, firm, enterprise, partnership, trust, incorporated or unincorporated association, joint venture, joint
stock company, limited liability company or any other entity of any kind or any government or political subdivision or any agency, department
or instrumentality thereof.

 

    	-5-

     

    

 

“Pledge
Agreement” means the Equity Pledge Agreement delivered by the Holding Company to the Lender on or about the date hereof.

 

“Principal
Market” means the Over the Counter Bulletin Board, the OTCQB Market, any principal market operated by the OTC Markets Group,
Inc. or any successor to such markets.

 

“Receivables
Financing Facility” is defined in Section 2.1 hereof.

 

“Requirements
of Law” means, as to any Person, the charter and by-laws or other organization or governing documents of such Person, and any
law, rule or regulation, or determination of an arbitrator or a court or other Governmental Authority, in each case applicable to or
binding upon such Person or any of its property or to which such Person or any of its property is subject, including without limitation,
the Securities Act of 1933, the Securities Exchange Act of 1934, Regulations T, U and X, ERISA, the Fair Labor Standards Act, the Worker
Adjustment and Retraining Notification Act, Americans With Disabilities Act of 1990, and any certificate of occupancy, zoning ordinance,
building, environmental or land use requirement or permit or environmental, labor, employment, occupational safety or health law, rule
or regulation.

 

“SARS
CoV-2 Testing Business” is defined in Section 2.2(f) hereof.

 

“Security
Agreements” means, collectively, the Security Agreements delivered by each Borrower to the Lender on or about the date hereof.

 

“Solvent”
means, with respect to any Person, that at the time of determination: (i) the fair market value of its assets is in excess of the total
amount of its liabilities (including, without limitation, Contingent Obligations); (ii) the present fair saleable value of its assets
is greater than its probable liability on its existing debts as such debts become absolute and matured; (iii) it is then able and expects
to be able to pay its debts (including, without limitation, contingent debts and other commitments) as they mature; and (iv) it has capital
sufficient to carry on its business as conducted and as proposed to be conducted.

 

“Subsequent
Financing” is defined in Section 6.17 hereof.

 

“Subsidiary”
of a Person means any corporation, partnership, limited liability company or other entity, in each case, whether now existing or hereafter
created, in which such Person directly or indirectly owns or controls the securities or other ownership interests having ordinary voting
power to elect a majority of the board of directors, or appoint managers or other persons performing similar functions.

 

“Term”
is defined in Section 2.1(c) hereof.

 

“UCC”
means the Nevada Uniform Commercial Code, as in effect from time to time.

 

“Voidable
Transfer” is defined in Section 8.12 hereof.

 

Section
1.2 Other Definitional Provisions and Construction

 

	(a)	Any
    terms used in this Agreement or in any Loan Document that are defined in the UCC shall have the meanings given such terms therein,
    unless otherwise defined herein. Any accounting terms used in this Agreement or in any Loan Document and not specifically defined
    herein shall be construed in accordance with the respective meanings given to such terms under GAAP. When used herein, the term “financial
    statements” shall include the notes and schedules thereto.

 

    	-6-

     

    

 

	(b)	Unless
    the context of this Agreement or any other Loan Document clearly requires otherwise, references to the plural include the singular,
    references to the singular include the plural, and the term “including” is not limiting, the words “hereof,”
    “herein,” “hereby,” “hereunder,” and similar terms in this Agreement or any other Loan Document
    refer to this Agreement or such other Loan Document, as the case may be, as a whole and not to any particular provision of this Agreement
    or such other Loan Document, as the case may be. Any reference in this Agreement or in the other Loan Documents to any agreement,
    instrument, or document shall include all alterations, amendments, changes, extensions, modifications, renewals, replacements, substitutions,
    joinders, and supplements, thereto and thereof, as applicable. Any reference herein to any Person shall be construed to include such
    Person’s successors and assigns. 
	 	 
	(c)	All
    of the schedules and exhibits attached to this Agreement shall be deemed incorporated herein by reference.

 

Article
2 - THE RECEIVABLES FINANCING Facility AND TERMS OF REPAYMENT

 

Section
2.1 The Receivables Financing Facility

 

	(a)	Lender,
    subject to the terms and conditions hereof, will make a discretionary revolving receivables financing facility (the “Receivables
    Financing Facility”) available to the Borrower in an aggregate principal amount not to exceed the Draw Credit Maximum Amount.
    The Receivables Financing Facility is revolving, and Draws repaid may be re-borrowed subject to the terms hereof. The Borrower acknowledges
    and agrees that the Receivables Financing Facility is a discretionary facility and nothing herein shall obligate the Lender to fund
    any Draw or otherwise extend credit hereunder.
	 	 
	(b)	Borrower
    unconditionally promises to pay when due the principal amount of each Draw, all unpaid interest accrued thereon and all other Obligations
    incurred by it, in accordance with the terms of this Agreement and the other Loan Documents.
	 	 
	(c)	The
    availability of the Receivables Financing Facility shall begin as of the date hereof and terminate on the earlier of (i) the fifth
    anniversary of the date hereof and (ii) the date on which more than $25,000,000 in aggregate principal amount has been advanced hereunder
    (the “Term”). Except as set forth herein, expiration of the Term shall not affect any of the obligations of the
    Borrower hereunder or under the Note. The Borrower acknowledges and agrees that the Receivables Financing Facility extended hereby
    is an exclusive facility for the Term hereof, and that Borrower may not refinance or replace the same until the Term has expired;
    provided, that the Borrower may seek Permitted Third-Party Financing in accordance with Section 6.5 hereof. 

 

Section
2.2 Draws

 

	(a)	The
    aggregate principal amount of all Draws outstanding at any one time shall not exceed the Draw Credit Maximum Amount. 

 

    	-7-

     

    

 

	(b)	Interest
    shall accrue on the unpaid aggregate principal balance of each Draw at an interest rate per annum, subject to the terms and conditions
    hereof, equal to the Applicable Rate. All interest accruing on each Draw shall be due and payable on the applicable Draw Loan Maturity
    Date.
	 	 
	(c)	The
    principal sum of each Draw shall be due and payable on the applicable Draw Loan Maturity Date. Repayment may, at the Lender’s
    election, be made by the Lender’s application of amounts held in the Controlled Account towards amounts due and owing hereunder.
	 	 
	(d)	The
    Borrower’s obligations under each Draw shall be evidenced by the issuance of a Note, dated the date of such Draw, in substantially
    in the form of Exhibit 2.2 attached hereto, in the principal amount of such Draw.
	 	 
	(e)	If
    the Lender elects to fund the same, the proceeds of a Draw shall be funded by the Lender into the Controlled Account. 
	 	 
	(f)	The
    net proceeds of each Draw shall be used solely to (i) acquire raw materials, testing supplies and related equipment necessary to
    further (A) the Borrower’s SARS-CoV-2/COVID-19 testing business or (B) the resale of SARS-CoV-2/COVID-19 testing supplies and
    (ii) pay fees to Provista Diagnostics in respect of diagnostic services related to such business (the “SARS CoV-2 Testing
    Business”). 

 

Section
2.3 Provisions Applicable to Draws

 

	(a)	Upon
    the occurrence of any Event of Default, Draws shall, to the extent not prohibited under applicable law, bear interest at the Default
    Rate.
	 	 
	(b)	If
    applicable, interest, fees and other charges hereunder each shall be calculated on a 365-day year basis and shall be based on the
    actual number of days which elapse during the interest calculation period, and shall compound monthly.

 

Section
2.4 Draw Requests

 

	(a)	Subject
    to the provisions of this Agreement, with respect to any Draw requested hereunder, Borrower may elect to request a Draw not later
    than 11:00 a.m., New York City time, two (2) Business Days prior to the date any such Draw is to be effective. 
	 	 
	(b)	Draw
    Requests shall (i) be in form and substance substantially similar to Exhibit 2.5 attached hereto (a “Draw Request”),
    (ii) be accompanied by the Borrower’s good faith calculation of the Anticipated Margin, and (iii) include a certification from
    the Borrower that, as of the date of such Draw Request, all representations and warranties of the Borrower contained herein remain
    true and accurate, no Event of Default exists, the Borrower is Solvent, no event has occurred or failed to occur that could reasonably
    be expected to result in a Material Adverse Effect, and the other conditions of Section 4.2 hereof are satisfied. Upon and
    as a condition to the funding of each Draw, the Borrower shall deliver to the Lender (x) a Note in the principal amount of such Draw,
    (y) a prime purchase order or contract evidencing the Borrower’s agreement with its vendor, and (z) a purchase order or contract
    evidencing its customers’ intent to purchase such products. Each Draw shall be sent directly from the Controlled Account to
    the respective vendor corresponding to each prime purchase order or contract.

 

    	-8-

     

    

 

Article
3– PAYMENTS, PREPAYMENTS

 

Section
3.1 Prepayment 

 

Borrower
shall not have the option to prepay any Draw, in whole or in part, except as set forth in the Notes.

 

Section
3.2 Mandatory Prepayment

 

If
at any time the aggregate principal amount of all Draws exceeds the Draw Credit Maximum Amount then in effect, then Borrower shall immediately
pay to Lender such difference, which shall be applied to the Draws, in inverse order of maturity.

 

Section
3.3 Method of Payment

 

All
payments of principal, interest, fees and commissions hereunder shall be made, without setoff, deduction or counterclaim, in immediately
available funds to Lender at Lender’s address specified in writing by Lender to Borrower, by 2:00 p.m. (New York City time) on
the date when due. Further, at Lender’s election, repayment may be made by the Lender’s application of amounts set forth
in the Controlled Account towards amounts due and owing hereunder.

 

Article
4 - CONDITIONS PRECEDENT

 

Section
4.1 Conditions Precedent to First Draw

 

This
Agreement shall not become effective, and Lender shall not be obligated to fund the first Draw hereunder, until such time as all of the
following conditions shall have been satisfied:

 

(i)
Lender shall have received from Borrower each of following items in form and substance reasonably satisfactory to Lender: this Agreement,
a closing certificate (which shall contain authorizing resolutions, certified copies of the certificate of incorporation, bylaws, operating
agreement and other organizational documents of each Borrower), the Pledge Agreement, the Security Agreements, each duly executed where
appropriate and each in form and substance reasonably satisfactory to Lender;

 

(ii)
An agent of the Lender shall have been granted signatory authority over the Controlled Account.

 

(iii)
The Lender and the Borrower shall have entered into a Heter Iska in form and substance satisfactory to the Lender.

 

(iv)
No representation or warranty of the Borrower contained herein or in any other Loan Document shall be false or misleading in any material
respect; and

 

(v)
No event shall have occurred or failed to occur that could reasonably be expected to result in a Material Adverse Effect.

 

    	-9-

     

    

 

Section
4.2 Conditions Precedent to Subsequent Draws

 

(a)
In requesting any subsequent Draw hereunder, the Borrower shall be deemed to certify to the Lender as follows:

 

(i)
The representations and warranties of the Borrower set forth herein and in the Loan Documents shall be true and correct in all material
respects on and as of such date with the same effect as though such warranty or representation had been made on and as of such date,
except to the extent that such warranty or representation is stated to expressly relate solely to an earlier date;

 

(ii)
The Borrower shall have materially complied and shall then be in compliance with all the terms, covenants and conditions of this Agreement
and the Loan Documents which are binding upon them, and no Event of Default shall have occurred and be continuing on such date or after
giving effect to the requested Draw;

 

(iii)
No event shall have occurred or failed to occur that could reasonably be expected to result in a Material Adverse Effect;

 

(iv)
No Event of Default or event that, with the giving of notice or passage of time would constitute an Event of Default, shall have occurred;
and

 

(v)
Lender shall have received a Draw Request not less than two (2) Business Days before the requested date of such Draw.

 

Article
5 – REPRESENTATIONS AND WARRANTIES

 

In
order to induce Lender to enter into this Agreement and to make the Receivables Financing Facility available to the Borrower, each Borrower,
jointly and severally, hereby represents and warrants to the Lender that each of the following statements is true and correct:

 

Section
5.1 Organization and Authority

 

Each
Borrower (i) is duly organized, validly existing and in good standing under the laws of its jurisdiction of incorporation, (ii) has all
requisite power and authority and all necessary licenses and permits to own and operate its properties and to carry on its business as
now conducted, and (iii) is not doing business or conducting any activity in any jurisdiction in which it is not duly qualified and authorized
to do business, except where the failure to do so could not reasonably be expected to have a Material Adverse Effect.

 

Section
5.2 Authorization

 

All
necessary corporate action has been taken in order to duly authorize Borrower’s execution and delivery of this Agreement and the
other Loan Documents and the performance by the Borrower of its obligations hereunder; (b) this Agreement and the other Loan Documents
constitute legal, valid and binding obligations of the Borrower enforceable against the Borrower in accordance with their respective
terms; (c) the execution of this Agreement and the other Loan Documents and the performance by the Borrower of its obligations hereunder
and thereunder (i) are within the organizational powers of Borrower, and (ii) do not and will not conflict with, result in any breach
of any of the provisions of, constitute a default under, or result in the creation of any Lien (other than a Permitted Lien) upon any
property of Borrower under the provisions of any, agreement, charter instrument, bylaw, or other instrument to which Borrower is a party
or by which it may be bound; and (d) there are no limitations in any indenture, contract, agreement, mortgage, deed of trust or other
agreement or instrument to which Borrower is now a party or by which Borrower may be bound with respect to the payment of any Indebtedness,
or, to the extent applicable, the ability of Borrower to incur Indebtedness, including any agreements or instruments to be executed in
connection with this Agreement.

 

    	-10-

     

    

 

Section
5.3 Compliance with Law

 

The
Borrower:

 

	(i)	is not in violation of any Requirements of Law which violation
is reasonably likely to have a Material Adverse Effect; and/or

 

	(ii)	has not failed to obtain any licenses, permits, franchises
or other governmental or environmental authorizations necessary to the ownership of the Borrower’s properties or to the conduct
of its or their business, which violation or failure is reasonably likely to have a Material Adverse Effect.

 

Section
5.4 Litigation; Adverse Effects

 

Except
as disclosed in Borrower’s Form 20-F, filed on June 15, 2020 with the Securities and Exchange Commission, there is no action, suit,
audit, proceeding, investigation or arbitration (or series of related actions, suits, proceedings, investigations or arbitrations) pending
before or by any Governmental Authority or private arbitrator or, to the knowledge of Borrower, threatened against Borrower or any property
thereof (i) challenging the validity or the enforceability of any provision of this Agreement, or any other Loan Document or (ii) which
has had, shall have or is reasonably likely to have a Material Adverse Effect. Borrower is not subject to or in default with respect
to any final judgment, writ, injunction, restraining order or order of any nature, decree, rule or regulation of any court or Governmental
Authority, which individually or in the aggregate shall have or is likely to have a Material Adverse Effect.

 

Section
5.5 Solvency

 

After
giving effect to all Indebtedness of the Borrower on the Closing Date (including without limitation all Contingent Obligations) and such
other dates as Draws are requested hereunder, the Borrower is Solvent.

 

Section
5.6 Consent

 

Neither
the nature of Borrower or any of its or their business or properties, nor any relationship between or among Borrower and any other Person,
nor any circumstance in connection with the execution of this Agreement, is such as to require a consent, approval or authorization of,
or filing, registration or qualification with, any Governmental Authority or any other Person on the part of Borrower as a condition
to the execution and delivery of this Agreement and the other Loan Documents, other than those consents, approvals, authorizations or
filings that have been obtained or made.

 

    	-11-

     

    

 

Section
5.7 No Liens

 

The
Borrower (a) has an indefeasible interest in all personal property which it has an interest, free and clear of any Liens, except Permitted
Liens, and (b) has not agreed or consented to cause or permit in the future (upon the happening of a contingency or otherwise) any of
its property whether now owned or hereafter acquired to be subject to a Lien, except Permitted Liens. The Borrower does not own any real
property.

 

Section
5.8 Indebtedness

 

The
Borrower has no material Indebtedness outstanding other than Indebtedness set forth in its Form 20-F for the fiscal year ended December
31, 2019.

 

Section
5.9 Intellectual Property

 

The
Borrower owns or has the legal and valid right to use all Intellectual Property necessary for the present and planned operation of its
business without any known conflict with the rights of others, free from any Lien or encumbrance, other than Permitted Liens and free
of any restrictions material to the operation of its business as presently conducted.

 

Section
5.10 Disclosure

 

None
of this Agreement, the Loan Documents, any disclosure pursuant to the Securities and Exchange Act of 1934, as amended, and/or any certificate
furnished to the Lender by the Borrower in connection with the transactions contemplated herein contains any untrue statement of any
material fact or omits to state any material fact necessary to make the statements herein or therein not misleading under the circumstances
in which such statements were made. As of the Closing Date, there is no fact known to the Borrower which has not been disclosed to the
Lender and which could reasonably be expected to have a Material Adverse Effect.

 

Article
6 - covenants

 

Each
Borrower, jointly and severally, covenants that on and after the date of this Agreement through the Term hereof, or (if later) for so
long as any Indebtedness provided for herein remains unpaid or any Note remains outstanding:

 

Section
6.1 Payment of Taxes and Claims

 

Borrower
shall pay (a) all taxes, estimated payments, assessments and governmental charges or levies imposed upon the Borrower and its property
or assets or in respect of any of its franchises, businesses, income or property when due; and (b) all claims of materialmen, mechanics,
carriers, warehousemen, landlords, bailees and other like persons, (including without limitation, claims for labor, services, materials
and supplies) for sums which have become due and payable and which by law have or may become a Lien upon property or assets of the Borrower,
other than for Permitted Contests.

 

Section
6.2 Place of Business; Books and Records

 

	(a)	The
    Borrower shall, (i) maintain the same principal place of business and chief executive office in existence as of the Effective Date;
    (ii) deliver to Lender at least thirty (30) days prior to the occurrence of any of the following events, written notice of such impending
    events: (A) a change in the principal place of business or chief executive office, and (B) a change in name, identity or structure;
    and (iii) remain organized in the state or jurisdiction of its incorporation or formation as of the Effective Date.

 

    	-12-

     

    

 

	(b)	The
    Borrower shall at all times keep accurate and complete records of its assets and finances in accordance with GAAP, and at all reasonable
    times and from time to time, shall allow Lender promptly following receipt of written notice (not to be delivered more than one time
    each calendar year other than during the continuance of an Event of Default), by or through any of its officers, agents, attorneys
    or accountants, to examine, inspect and make extracts from such books and records.

 

Section
6.3 Maintenance; Certain Covenants

 

The
Borrower shall (i) maintain its property in a condition comparable to that on the date hereof, except for normal wear and tear and routine
maintenance and obsolescence in the ordinary course of business; (ii) do or cause to be done all things reasonably necessary to maintain
its status as duly organized and existing, and in good standing, under the laws of the state of its organization; (iii) conduct continuously
and operate actively its business and take all actions reasonably necessary to enforce and protect the validity of any Intellectual Property
material to the business of the Borrower; and (iv) not be in violation of any Requirements of Law, which violation is reasonably likely
to have a Material Adverse Effect.

 

Section
6.4 Negative Pledge on Accounts Receivable

 

The
Borrower shall not cause or permit or permit to exist or agree or consent to cause or permit in the future (upon the happening of a contingency
or otherwise), any Accounts (as defined in the UCC) of the Testing Sub, whether now owned or hereafter acquired, to become subject to
a Lien, or to otherwise be transferred or sold. The Lender is hereby authorized to file one or more Uniform Commercial Code Financing
Statements noting the restrictions of this Section 6.5.

 

Section
6.5 Indebtedness

 

The
Testing Sub shall not, directly or indirectly, create, incur, assume, guarantee, or otherwise become or remain liable with respect to
any Indebtedness, except for Indebtedness to Lender hereunder; provided, that, in the event that the Lender elects not to provide a Draw
requested by the Borrower hereunder, the Testing Sub may seek financing for such requested amount from third-party sources if such financing
is expressly subordinate to all Obligations hereunder in form and substance reasonably satisfactory to the Lender (“Permitted
Third-Party Financing”).

 

Section
6.6 Financial Information and Reporting

 

Borrower
shall deliver to Lender, immediately upon becoming aware of the existence of any Event of Default or breach of any term or conditions
of this Agreement or any Loan Document, a written notice specifying the nature and period of existence thereof and what action Borrower
is taking or proposes to take with respect thereto.

 

Section
6.7 Fundamental Changes; Asset Transfers

 

	(a)	The
    Borrower shall not merge into or consolidate with any other Person, or permit any other Person to merge into or consolidate with
    it, or liquidate or dissolve. 
	 	 
	(b)	The
    Borrower shall not sell, transfer, lease, license or otherwise dispose of, in one transaction or a series of transactions: (i) assets
    representing all or substantially all the assets of any Borrower (other than to another Borrower); and/or (ii) assets material to
    the conduct of business of any Borrower.

 

    	-13-

     

    

 

Section
6.8 Transactions with Affiliates

 

The
Borrower shall not sell, lease, license or otherwise transfer any assets to, or purchase, lease, license or otherwise acquire any assets
from, or otherwise engage in any other transactions with, any of its Affiliates, except (a) transactions that are at prices and on terms
and conditions not less favorable to the Borrower than those that would prevail in arm’s-length transactions with unrelated third
parties, (b) issuances by the Borrower of equity and receipt by the Borrower of capital contributions, (c) compensation and indemnification
of, and other employment arrangements with, directors, officers and employees of the Borrower, (d) any transaction determined by a majority
of the disinterested directors of the applicable Person’s board of directors to be fair to the applicable Person, and (e) any transaction
with respect to which the fair market value of the related property or assets, nor the consideration therefor, exceeds $50,000.

 

Section
6.9 Exclusivity

 

During
the Term, the Testing Sub shall not finance any purchase of raw materials for the SARS-CoV-2 Testing Business, or finance any purchase
of raw materials to be used for resale, by our through any source other than the Lender or any Permitted Third-Party Financing source
in compliance with the provisions of Section 6.6 hereof. During the Term, all of the Borrower’s and its Affiliates’
SARS-CoV-2 Testing Business shall be conducted exclusively by the Testing Sub.

 

Section
6.10 Controlled Account

 

On
Closing, an agent of the Lender shall be granted joint authority over the Controlled Account for purposes of (i) funding Draws into such
Controlled Account, (ii) remitting payments from such Controlled Account in accordance with the use of proceeds set forth in Section
2.2(f) hereof and (iii) applying amounts set forth in such Controlled Account towards the Obligations hereunder. The Borrower shall
not remove the Lender’s agent as an authorized party with respect to the Controlled Account or otherwise frustrate the Lender’s
disbursements and applications of amounts set forth in such Controlled Account as set forth herein. The Borrower shall cause the Bank
at which such Controlled Account is held to require authorization from each of an agent of the Lender and an agent of the Borrower to
withdraw or disburse funds from the Controlled Account. The Borrower shall not open or maintain any other account for the purpose of
conducting its and its Affiliates’ SARS-CoV-2 Testing Business other than the Controlled Account, and the Borrower shall take any
and all actions necessary to ensure that the proceeds of the SARS-CoV-2 Testing Business are deposited in the Controlled Account.

 

Section
6.11 Compliance with Laws

 

The
Borrower shall comply in all material respects with all applicable Legal Requirements for the operation of its business, except to the
extent that (i) the necessity of compliance therewith is contested in good faith by appropriate proceedings or (ii) the failure to so
comply could not reasonably be expected to result in any Material Adverse Effect.

 

    	-14-

     

    

 

Section
6.12 Listing

 

The
Parent will, so long as the Lender holds any unpaid Note, maintain the listing and trading of its ordinary shares on the Principal Market
or any equivalent replacement exchange or electronic quotation system (including but not limited to the Pink Sheets electronic quotation
system) and will comply in all respects with the Parent’s reporting, filing and other obligations under the bylaws or rules of
the Financial Industry Regulatory Authority (“FINRA”) and such exchanges, as applicable. The Parent shall promptly
provide to the Lender copies of any notices it receives from the Principal Market and any other exchanges or electronic quotation systems
on which the ordinary shares is then traded regarding the continued eligibility of the ordinary shares for listing on such exchanges
and quotation systems.

 

Section
6.13 Compliance with 1934 Act

 

The
Parent will, so long as the Lender holds any unpaid Note, comply with the reporting requirements of the Securities Exchange Act of 1934
(the “1934 Act”); and the Parent shall continue to be subject to the reporting requirements of the 1934 Act.

 

Section
6.14 Legal Counsel Opinions

 

Upon
the request of the Lender from to time to time, the Parent shall be responsible (at its cost) for promptly supplying to the Parent’s
transfer agent and the Lender a customary legal opinion letter of its counsel (the “Legal Counsel Opinion”) to the
effect that the resale of the Conversion Shares (as defined in the Note) by the Lender or its Affiliates, successors and assigns is exempt
from the registration requirements of the Securities Act of 1933 (the “1933 Act”) pursuant to Rule 144 thereunder
(provided the requirements of Rule 144 are satisfied and provided the Conversion Shares are not then registered under the 1933 Act for
resale pursuant to an effective registration statement). Should the Parent’s legal counsel fail for any unjustified reason to issue
the Legal Counsel Opinion, the Lender may (at the Parent’s cost) secure another legal counsel to issue the Legal Counsel Opinion,
and the Parent will instruct its transfer agent to accept such opinion. The Parent hereby agrees that it may never take the position
that it is a “shell company” in connection with its obligations under this Agreement or otherwise.

 

Section
6.15 Piggy Back Rights

 

Until
such time as any ordinary shares of the Parent issuable to the Lender upon conversion of the Note are freely transferable pursuant to
Rule 144 of the Securities Act, the Parent hereby grants to the Lender the piggyback registration rights set forth on Exhibit 6.15
hereto.

 

    	-15-

     

    

 

Section
6.16 Transfer Agent Instructions

 

Within
thirty (30) days of the date hereof, Parent shall issue irrevocable instructions to the Parent’s transfer agent to issue certificates,
registered in the name of the Lender or its nominee, upon conversion of any Note, representing the Conversion Shares, in such amounts
as specified from time to time by the Lender to the Parent in accordance with the terms thereof in form and substance satisfactory to
the Lender (the “Irrevocable Transfer Agent Instructions”). In the event that the Parent proposes to replace its transfer
agent, the Parent shall provide, prior to the effective date of such replacement, a fully executed Irrevocable Transfer Agent Instructions
in a form as initially delivered pursuant to this Agreement (including but not limited to the provision to irrevocably reserved ordinary
shares of Common Stock in the Reserved Amount (as defined in the Note)) signed by the successor transfer agent to the Parent and the
Parent. Prior to registration of the Conversion Shares under the 1933 Act or the date on which the Conversion Shares may be sold pursuant
to Rule 144 without any restriction as to the number of Securities as of a particular date that can then be immediately sold, all such
certificates shall bear a restrictive legend noting that such securities have not been registered and may not be transferred except in
compliance with the 1933 Act. The Parent warrants that: (i) no instruction other than the Irrevocable Transfer Agent Instructions referred
to in this Section 6.16 will be given by the Parent to its transfer agent and that the Conversion Shares shall otherwise be freely transferable
on the books and records of the Parent as and to the extent provided in this Agreement and the Note; (ii) it will not direct its transfer
agent not to transfer or delay, impair, and/or hinder its transfer agent in transferring (or issuing)(electronically or in certificated
form) any certificate for Conversion Shares to be issued to the Lender upon conversion of or otherwise pursuant to the Note as and when
required by the Note and this Agreement; (iii) it will not fail to remove (or directs its transfer agent not to remove or impairs, delays,
and/or hinders its transfer agent from removing) any restrictive legend which under law may be removed (or to withdraw any stop transfer
instructions in respect thereof) on any certificate for any Conversion Shares issued to the Lender upon conversion of or otherwise pursuant
to the Note and (iv) it will provide any required corporate resolutions and issuance approvals to its transfer agent within two (2) Business
Days of each conversion of the Note. Nothing in this Section shall affect in any way the Lender’s obligations to comply with all
applicable prospectus delivery requirements, if any, upon re-sale of the Conversion Shares. If the Lender provides the Parent with (i)
an opinion of counsel in form, substance and scope customary for opinions in comparable transactions, to the effect that a public sale
or transfer of such Conversion Shares may be made without registration under the 1933 Act and such sale or transfer is effected or (ii)
the Lender provides reasonable assurances that the Conversion Shares can be sold pursuant to Rule 144, the Parent shall permit the transfer,
and promptly instruct its transfer agent to issue one or more certificates, free from restrictive legend, in such name and in such denominations
as specified by the Lender. The Parent acknowledges that a breach by it of its obligations hereunder may cause irreparable harm to the
Lender, by vitiating the intent and purpose of the transactions contemplated hereby. Accordingly, the Parent acknowledges that the remedy
at law for a breach of its obligations under this Section 6.16 may be inadequate and agrees, in the event of a breach or threatened
breach by the Parent of the provisions of this Section, that the Lender shall be entitled, in addition to all other available remedies,
to an injunction restraining any breach and requiring immediate transfer, without the necessity of showing economic loss and without
any bond or other security being required.

 

Section
6.17 MFN

 

If
the Parent enters into any subsequent equity or equity linked financing (a “Subsequent Financing”) on terms more favorable,
as determined by the Lender in its discretion, than the terms governing the Notes, then the Lender in its sole discretion may exchange
any Note then held by it, valued at its principal amount, together with accrued but unpaid interest (which interest payments shall be
payable, at the sole option of the Purchaser, in cash or in the form of the new securities to be issued in the Subsequent Financing),
for the securities issued or to be issued in the Subsequent Financing. The Parent covenants and agrees to notify the Lender in writing
of the terms and conditions of any such proposed Subsequent Financing as promptly as practicable, but in no event less than 10 days prior
to such Subsequent Financing.

 

    	-16-

     

    

 

Article
7– Events of Default

 

Section
7.1 Events of Default

 

Each
of the following shall constitute an “Event of Default” hereunder:

 

(i)
Any Event of Default under and as defined in any Loan Document;

 

(ii)
Borrower fails to make any payment of principal, interest or any other sum due and payable under any Loan Document within five (5) Business
Days after the date such payment is due;

 

(iii)
Borrower fails to perform or observe any covenant, agreement or duty contained in this Agreement or any other Loan Document, and such
failure remains un-remedied for 10 Business Days after the Borrower first becomes aware, or should have, with reasonable diligence, been
aware, of such default;

 

(iv)
Any warranty, representation or other statement made or deemed to be made in this Agreement or in any Loan Document is false or misleading
in any material respect;

 

(v)
Any Borrower becomes insolvent or commences any Insolvency Proceeding;

 

(vi)
Any Insolvency Proceeding is instituted against any Borrower and continues for sixty (60) days undismissed or undischarged;

 

(vii)
One or more final orders, judgments or arbitration awards for (i) the payment of money aggregating in excess of $100,000 is or are outstanding
against the Borrower, or (ii) nonmonetary relief or remedy which is reasonably likely to have a Material Adverse Effect, is entered,
and any such order, judgment or award has not been discharged, bonded in full or stayed in all material respects;

 

(viii)
The occurrence of any event which allows the acceleration of the maturity of any Indebtedness in excess of the amount of $100,000 of
the Borrower on an aggregate basis; and

 

(ix)
A Change of Control of any Borrower shall have occurred.

 

Section
7.2 Default Remedies

 

Upon
the occurrence and during the continuance of an Event of Default (other than an event described in Section 7.1(v) or Section
7.1(vi) above), Lender may (i) terminate all rights, if any, of Borrower to obtain Draws hereunder, and thereupon, any such right
shall terminate immediately, (ii) declare any or all the Draws to be due and payable, and thereupon, the principal of the Draws, together
with accrued interest thereon and all fees and other Obligations shall become due and payable immediately, and (iii) immediately exercise
any right, power or remedy permitted to Lender by law or any provision of this Agreement or any other Loan Document, in each case, without
any presentment, demand, protest or other notice of any kind, all of which are hereby expressly waived by Borrower, including application
of amounts set forth in the Controlled Account to the Obligations. Upon the occurrence of an Event of Default described in Section
7.1(v) or Section 7.1(vi) above, Borrower’s rights, if any, to obtain Draws hereunder shall automatically terminate
and the principal of the Draws, together with accrued interest thereon and all fees and other Obligations shall automatically become
due and payable without any presentment, demand, protest or other notice of any kind, all of which are hereby expressly waived by Borrower.

 

    	-17-

     

    

 

Article
8 - General Provisions

 

Section
8.1 Notices

 

	(a)	All
    communications under this Agreement or under the notes executed pursuant hereto shall be in writing and shall be sent by facsimile
    or by a nationally recognized overnight delivery service (i) if to Lender, at the address set forth below Lender’s signature
    to this Agreement, or at such other address as may have been furnished in writing to Borrower, by Lender; and (ii) if to Borrower,
    at the address set forth below Borrower’s signature to this Agreement, or at such other address as may have been furnished
    in writing to Lender by Borrower.
	 	 
	(b)	Any
    notice so addressed and sent by fax shall be deemed to be given when confirmed, and any notice sent by nationally recognized overnight
    delivery service shall be deemed to be given the next day after the same is delivered to such carrier.

 

Section
8.2 Costs and Expenses

 

Borrower
agrees to pay all reasonable and documented costs and expenses incidental to or in connection with this Agreement or Loan Document, the
enforcement of Lender’s rights in connection with any of the foregoing, any amendment, supplement or modification of this Agreement
or any other Loan Document, whether any of the foregoing are incurred prior to or after maturity, the occurrence of an Event of Default,
or the rendering of a judgment. Such costs shall include, but not be limited to, reasonable and documented fees of Lender’s counsel.
The provisions of this Section shall survive the termination of this Agreement and the Loan Documents. Notwithstanding anything herein
to the contrary, Borrower’s obligation to pay or reimburse Lender hereunder shall not exceed $7,500 with respect to any and all
costs, services and expenses incidental to or arising in connection with the preparation, negotiation, arrangement, execution and/or
delivery of this Agreement and the other Loan Documents.

 

Section
8.3 Survival, Successors and Assigns

 

All
warranties, representations, and covenants made by Borrower herein or on any certificate or other instrument delivered by it or on its
behalf under this Agreement shall be considered to have been relied upon by Lender and shall survive the funding of Draws regardless
of any investigation made by Lender on its behalf. This Agreement shall inure to the benefit of and be binding upon the heirs, successors
and assigns of each of the parties.

 

    	-18-

     

    

 

Section
8.4 Amendment and Waiver

 

All
references to this Agreement shall also include all amendments, extensions, renewals, modifications, and substitutions thereto and thereof
made in writing and executed by both Borrower and Lender. This Agreement may be amended, and the observance of any term of this Agreement
may be waived, with (and only with) the written consent of Borrower and Lender. No delay or failure or other course of conduct by Lender
in the exercise of any power or right shall operate as a waiver nor shall any single or partial exercise of the same preclude any other
or further exercise thereof, or the exercise of any other power or right.

 

Section
8.5 Enforceability and Governing Law

 

Any
provision of this Agreement which is prohibited or unenforceable in any jurisdiction, as to such jurisdiction, shall be inapplicable
or ineffective to the extent of such prohibition or unenforceability without invalidating the remaining provisions hereof, and any such
prohibition or unenforceability in any jurisdiction shall not invalidate or render unenforceable such provision in any other jurisdiction.
No delay or omission on the part of Lender in exercising any right shall operate as a waiver of such right or any other right. All of
Lender’s rights and remedies, whether evidenced hereby or by any other Loan Document, shall be cumulative and may be exercised
singularly or concurrently. This Agreement shall be governed by and construed in accordance with the laws of the State of Nevada (without
giving effect to the conflict of laws rules thereof). Borrower agrees that any legal suit, action or proceeding arising out of or relating
to this Agreement may be instituted exclusively in a state or federal court of appropriate subject matter jurisdiction in the State of
Nevada, waives any objection which it may have now or hereafter to the venue of any suit, action or proceeding, and irrevocably submits
to the jurisdiction of any such court in any such suit, action or proceeding.

 

Section
8.6 Confidentiality

 

The
Borrower covenants and agrees that neither it nor any other person acting on its behalf has provided or will provide the Lender or any
agents or counsel of the Lender with any information that the Borrower believes constitutes material non-public information. The Borrower
understands and confirms that the Lender shall be relying on the foregoing representations in effecting transactions in securities of
the Borrower. In the event of a breach of the foregoing covenant by the Borrower, or any of the Borrower’s Subsidiaries, or any
of its or their respective officers, directors, employees and agents, in addition to any other remedy provided herein or in the Loan
Documents, the Borrower shall publicly disclose any material, non-public information in a Form 6-K within five (5) Business Days of the
date that it discloses such information to the Lender. In the event that the Borrower discloses any material, non-public information
to the Lender and fails to publicly file a Form 6-K in accordance with the above, the Lender shall have the right to make a public disclosure,
in the form of a press release, public advertisement or otherwise, of such material, nonpublic information without the prior approval
by the Borrower, the Borrower’s Subsidiaries, or any of its or their respective officers, directors, employees or agents. Without
limiting the generality of the foregoing, within two (2) Business Days of the date hereof, the Borrower shall publicly file a Form 6-K
disclosing any and all material non-public information concerning the Loan Documents and the transactions contemplated hereby. The Lender
shall not have any liability to the Borrower, the Borrower’s Subsidiaries, or any of its or their respective officers, directors,
employees, stockholders or agents, for any such disclosure.

 

    	-19-

     

    

 

Section
8.7 Joint and Several Obligations

 

The
Obligations of each Borrower hereunder is joint and several with each other Borrower, and the Lender may enforce the Loan Documents and
collect the Obligations from any Borrower at any time in its discretion.

 

Section
8.8 Headings

 

Article
and Section headings and numbers have been set forth herein for convenience only. Unless the contrary is compelled by the context, everything
contained in each Article and Section applies equally to this entire Agreement.

 

Section
8.9 Interpretation

 

Neither
this Agreement nor any uncertainty or ambiguity herein shall be construed or resolved against Lender or Borrower, whether under any rule
of construction or otherwise. On the contrary, this Agreement has been reviewed by all parties and shall be construed and interpreted
according to the ordinary meaning of the words used so as to accomplish fairly the purposes and intentions of all parties hereto.

 

Section
8.10 Severability of Provisions

 

Each
provision of this Agreement shall be severable from every other provision of this Agreement for the purpose of determining the legal
enforceability of any specific provision.

 

Section
8.11 Counterparts; Electronic Execution

 

This
Agreement may be executed in any number of counterparts and by different parties on separate counterparts, each of which, when executed
and delivered, shall be deemed to be an original, and all of which, when taken together, shall constitute but one and the same Agreement.
Delivery of an executed counterpart of this Agreement by facsimile shall be equally as effective as delivery of an original executed
counterpart of this Agreement. Any party delivering an executed counterpart of this Agreement by facsimile or email also shall deliver
an original executed counterpart of this Agreement, but the failure to deliver an original executed counterpart shall not affect the
validity, enforceability, and binding effect of this Agreement. The foregoing shall apply to each other Loan Document mutatis mutandis.

 

Section
8.12 Revival and Reinstatement of Obligations

 

If
the incurrence or payment of the Obligations by Borrower or the transfer to Lender of any property should for any reason subsequently
be declared to be void or voidable under any state or federal law relating to creditors’ rights, including provisions of the Bankruptcy
Code relating to fraudulent conveyances, preferences, or other voidable or recoverable payments of money or transfers of property (collectively,
a “Voidable Transfer”), and if Lender is required to repay or restore, in whole or in part, any such Voidable Transfer,
or elects to do so upon the reasonable advice of its counsel, then, as to any such Voidable Transfer, or the amount thereof that Lender
is required or elects to repay or restore, and as to all reasonable costs, expenses, and attorneys’ fees of Lender related thereto,
the liability of Borrower automatically shall be revived, reinstated, and restored and shall exist as though such Voidable Transfer had
never been made.

 

    	-20-

     

    

 

Section
8.13 Integration

 

This
Agreement, together with the other Loan Documents, reflects the entire understanding of the parties with respect to the transactions
contemplated hereby and shall not be contradicted or qualified by any other agreement, oral or written, before the date hereof.

 

Section
8.14 Waiver of Right to Trial by Jury

 

EACH
PARTY TO THIS AGREEMENT HEREBY EXPRESSLY WAIVES ANY RIGHT TO TRIAL BY JURY OF ANY CLAIM, DEMAND, ACTION OR CAUSE OF ACTION (1) ARISING
UNDER THIS AGREEMENT OR ANY OTHER INSTRUMENT, DOCUMENT OR AGREEMENT EXECUTED OR DELIVERED IN CONNECTION HEREWITH, OR (2) IN ANY WAY CONNECTED
WITH OR RELATED OR INCIDENTAL TO THE DEALINGS OF THE PARTIES HERETO OR ANY OF THEM WITH RESPECT TO THIS AGREEMENT OR ANY OTHER INSTRUMENT,
DOCUMENT OR AGREEMENT EXECUTED OR DELIVERED IN CONNECTION HEREWITH, OR THE TRANSACTIONS RELATED HERETO OR THERETO, IN EACH CASE WHETHER
NOW EXISTING OR HEREAFTER ARISING, AND WHETHER SOUNDING IN CONTRACT OR TORT OR OTHERWISE; AND EACH PARTY HEREBY AGREES AND CONSENTS THAT
ANY SUCH CLAIM, DEMAND, ACTION OR CAUSE OF ACTION SHALL BE DECIDED BY COURT TRIAL WITHOUT A JURY, AND THAT ANY PARTY TO THIS AGREEMENT
MAY FILE AN ORIGINAL COUNTERPART OR A COPY OF THIS SECTION WITH ANY COURT AS WRITTEN EVIDENCE OF THE CONSENT OF THE PARTIES HERETO TO
THE WAIVER OF THEIR RIGHT TO TRIAL BY JURY.

 

Section
8.15 Indemnity

 

Borrower
shall indemnify Lender, Lender’s directors, officers, employees, agents, financial advisors, and consultants from and against any
and all liabilities, obligations, losses, damages, penalties, actions, judgments, suits, costs, expenses and disbursements of any kind
or nature whatsoever (including without limitation fees and disbursements of counsel) which may be imposed on, incurred by, or asserted
against Lender in any litigation, proceeding or investigation instituted or conducted by any governmental agency or instrumentality or
any other person or entity with respect to any aspect of, or any transaction contemplated by, or referred to in, or any matter related
to, this Agreement or any Loan Document, except to the extent that any of the foregoing arises out of the gross negligence or willful
misconduct of Lender or such Person, as determined in a final, non-appealable judgment by a court of competent jurisdiction. The indemnities
provided for in this Section shall survive the termination of this Agreement and the indefeasible payment of the Draws in full.

 

(Signature
Pages Follow)

 

    	-21-

     

    

 

Each
of the parties has signed this Agreement as of the date set forth in the preamble above.

 

	 	BORROWER:
	 	 
	 	CORONA
    DIAGNOSTICS LLC
	 	 
	 	By:	               
	 	Name:	 
	 	Title:	 

 

	 	TODOS
    MEDICAL USA
	 	 
	 	By:	            
	 	Name:	 
	 	Title:	 

 

	 	TODOS
    MEDICAL LTD.
	 	 
	 	By:	            
	 	Name:	 
	 	Title:	 

 

[Receivables
Financing Agreement]

 

    	 

     

    

 

	 	LENDER:
	 	 
	 	TOLEDO
    ADVISORS L.L.C.
	 	 
	 	By:	           
	 	Name:	 
	 	Title:	 

 

    	 

     

    

 

Exhibit
2.2

 

Form
of Note

 

Exhibit
2.2 to Receivables Financing Agreement

 

    	 

     

    

 

Exhibit
2.5

Form
of Draw Request

 

[Date]

 

TOLEDO
ADVISORS L.L.C.

641
5th Street

Lakewood,
NJ 08701

Attention:
Moshe Mueller

 

	 	Re:	Draw
Request

 

Ladies
and Gentlemen:

 

This
notice is being submitted pursuant to that certain Receivables Financing Agreement, dated as of June ___, 2020 (as such agreement may
be supplemented, amended, extended or renewed, the “Financing Agreement”), by and Toledo Advisors L.L.C., a Nevada
limited liability company (together with its successors, the “Lender”), and Corona Diagnostics LLC, a Nevada limited
liability company (the “Testing Sub”), Todos Medical USA, a Nevada corporation (the “Holding Company”),
and Todos Medical Ltd., an Israeli corporation (the “Parent” and jointly and severally with Testing Sub and the Holding
Company, the “Borrower”). Capitalized terms used herein and not defined herein shall have the meanings assigned to
such terms in the Financing Agreement.

 

	 	1.	The
    Borrower hereby requests a Draw in the amount of ________ dollars and ____ cents ($_____.___);
	 	 	 
	 	2.	The
    Anticipated Margins to be earned from such Draw is $_________.___;
	 	 	 
	 	3.	The
    Borrower hereby certifies that the representations and warranties made by the Borrower as contained in the Financing Agreement are
    true and correct as of the date hereof; 
	 	 	 
	 	4.	The
    Borrower hereby certifies that no Event of Default or event that, with the giving of notice or passage of time would constitute an
    Event of Default, has occurred;
	 	 	 
	 	5.	Both
    before and after giving effect to the Draw requested hereunder, the Borrower is and will be Solvent;
	 	 	 
	 	6.	No
    event has occurred or failed to occur that could reasonably be expected to result in a Material Adverse Effect; 
	 	 	 
	 	7.	The
    Borrower has materially complied and are in compliance with all the terms, covenants and conditions of the Loan Documents which are
    binding upon them.

 

[signature
page follows]

 

Exhibit 2.5 to Receivables Financing Agreement

 

    	 

     

    

 

This
notice was completed by the undersigned as of the date first written above.

 

	 	CORONA
    DIAGNOSTICS LLC
	 	 
	 	By:	                 
	 	Name:	 
	 	Title:	 

 

	 	TODOS
    MEDICAL USA
	 	 
	 	By:	          
	 	Name:	 
	 	Title:	 

 

	 	TODOS
    MEDICAL LTD.
	 	 
	 	By:	           
	 	Name:	 
	 	Title:	 

 

Exhibit
2.5 to Receivables Financing Agreement

 

    	 

     

    

 

Exhibit
6.15

Piggy
Back Rights

 

Until
such time as the ordinary shares of the Parent issuable to the Lender either the conversion of any Note are freely transferable pursuant
to Rule 144 of the Securities Act, the Parent shall grant the Lender piggyback registration rights with respect to the these shares.
All of the Conversion Shares will be deemed “Registrable Securities” subject to the provisions of this Exhibit 6.15. All
capitalized terms used but not defined in this Exhibit 6.15 shall have the meanings ascribed to such terms in the Receivables Financing
Agreement to which this Exhibit is attached.

 

1.
Piggy-Back Registration.

 

1.1
If at any time on or after the date of the Closing the Parent proposes to file any Registration Statement under the 1933 Act (a “Registration
Statement”) with respect to any offering of equity securities, or securities or other obligations exercisable or exchangeable
for, or convertible into, equity securities, by the Parent for its own account or for shareholders of the Parent for their account (or
by the Parent and by shareholders of the Parent), other than a Registration Statement (i) filed in connection with any employee stock
option or other benefit plan on Form S-8, (ii) for a dividend reinvestment plan or (iii) in connection with a merger or acquisition,
then the Parent shall (x) give written notice of such proposed filing to the holders of Registrable Securities appearing on the books
and records of the Parent as such a holder as soon as practicable but in no event less than ten (10) days before the anticipated filing
date of the Registration Statement, which notice shall describe the amount and type of securities to be included in such Registration
Statement, the intended method(s) of distribution, and the name of the proposed managing underwriter or underwriters, if any, of the
offering, and (y) offer to the holders of Registrable Securities in such notice the opportunity to register the sale of such number of
Registrable Securities as such holders may request in writing within three (3) days following receipt of such notice (a “Piggy-Back
Registration”). The Parent shall cause such Registrable Securities to be included in such registration and shall cause the managing
underwriter or underwriters of a proposed underwritten offering to permit the Registrable Securities requested to be included in a Piggy-Back
Registration on the same terms and conditions as any similar securities of the Parent and to permit the sale or other disposition of
such Registrable Securities in accordance with the intended method(s) of distribution thereof. All holders of Registrable Securities
proposing to distribute their securities through a Piggy-Back Registration that involves an underwriter or underwriters shall enter into
an underwriting agreement in customary form with the underwriter or underwriters selected for such Piggy-Back Registration.

 

1.2
Any holder of Registrable Securities may elect to withdraw such holder’s request for inclusion of Registrable Securities in any
Piggy-Back Registration by giving written notice to the Parent of such request to withdraw prior to the effectiveness of the Registration
Statement. The Parent (whether on its own determination or as the result of a withdrawal by persons making a demand pursuant to written
contractual obligations) may withdraw a Registration Statement at any time prior to the effectiveness of such Registration Statement.
Notwithstanding any such withdrawal, the Parent shall pay all expenses incurred by the holders of Registrable Securities in connection
with such Piggy-Back Registration as provided in Section 1.5 below.

 

    	 

     

    

 

1.3
The Parent shall notify the holders of Registrable Securities at any time when a prospectus relating to such holder’s Registrable
Securities is required to be delivered under the 1933 Act, upon discovery that, or upon the happening of any event as a result of which,
the prospectus included in such Registration Statement, as then in effect, includes an untrue statement of a material fact or omits to
state any material fact required to be stated therein or necessary to make the statements therein not misleading in light of the circumstances
then existing. At the request of such holder, the Parent shall also prepare, file and furnish to such holder a reasonable number of copies
of a supplement to or an amendment of such prospectus as may be necessary so that, as thereafter delivered to the purchasers of the Registrable
Securities, such prospectus shall not include an untrue statement of a material fact or omit to state a material fact required to be
stated therein or necessary to make the statements therein not misleading in light of the circumstances then existing. The holders of
Registrable Securities shall not to offer or sell any Registrable Securities covered by the Registration Statement after receipt of such
notification until the receipt of such supplement or amendment.

 

1.4
The Parent may request a holder of Registrable Securities to furnish the Parent such information with respect to such holder and such
holder’s proposed distribution of the Registrable Securities pursuant to the Registration Statement as the Parent may from time
to time reasonably request in writing or as shall be required by law or by the SEC in connection therewith, and such holders shall furnish
the Parent with such information.

 

1.5
All fees and expenses incident to the performance of or compliance with this Exhibit 6.15 by the Parent shall be borne by the Parent
whether or not any Registrable Securities are sold pursuant to a Registration Statement. The fees and expenses referred to in the foregoing
sentence shall include, without limitation, (i) all registration and filing fees (including, without limitation, fees and expenses of
the Parent’s counsel and independent registered public accountants) (A) with respect to filings made with the SEC, (B) with respect
to filings required to be made with any trading market on which the Common Stock is then listed for trading, (C) in compliance with applicable
state securities or Blue Sky laws reasonably agreed to by the Parent in writing (including, without limitation, fees and disbursements
of counsel for the Parent in connection with Blue Sky qualifications or exemptions of the Registrable Securities) and (D) with respect
to any filing that may be required to be made by any broker through which a holder of Registrable Securities intends to make sales of
Registrable Securities with the FINRA, (ii) printing expenses, (iii) messenger, telephone and delivery expenses, (iv) fees and disbursements
of counsel for the Parent, (v) 1933 Act liability insurance, if the Parent so desires such insurance, and (vi) fees and expenses of all
other persons or entities retained by the Parent in connection with the consummation of the transactions contemplated by this Exhibit
6.15. In addition, the Parent shall be responsible for all of its internal expenses incurred in connection with the consummation of the
transactions contemplated by this Agreement (including, without limitation, all salaries and expenses of its officers and employees performing
legal or accounting duties), the expense of any annual audit and the fees and expenses incurred in connection with the listing of the
Registrable Securities on any securities exchange as required hereunder. In no event shall the Parent be responsible for any broker or
similar commissions of any holder of Registrable Securities.

 

    	 

     

    

 

1.6
The Parent and its successors and assigns shall indemnify and hold harmless the Lender, each holder of Registrable Securities, the officers,
directors, members, partners, agents and employees (and any other individuals or entities with a functionally equivalent role of a person
holding such titles, notwithstanding a lack of such title or any other title) of each of them, each individual or entity who controls
the Lender or any such holder of Registrable Securities (within the meaning of Section 15 of the 1933 Act or Section 20 of the 1934 Act)
and the officers, directors, members, stockholders, partners, agents and employees (and any other individuals or entities with a functionally
equivalent role of a person holding such titles, notwithstanding a lack of such title or any other title) of each such controlling individual
or entity (each, an “Indemnified Party”), to the fullest extent permitted by applicable law, from and against any
and all losses, claims, damages, liabilities, costs (including, without limitation, reasonable attorneys’ fees) and expenses (collectively,
“Losses”), as incurred, arising out of or relating to (1) any untrue or alleged untrue statement of a material fact
contained in a Registration Statement, any related prospectus or any form of prospectus or in any amendment or supplement thereto or
in any preliminary prospectus, or arising out of or relating to any omission or alleged omission of a material fact required to be stated
therein or necessary to make the statements therein (in the case of any such prospectus or supplement thereto, in light of the circumstances
under which they were made) not misleading or (2) any violation or alleged violation by the Parent of the 1933 Act, the 1934 Act or any
state securities law, or any rule or regulation thereunder, in connection with the performance of its obligations under this Exhibit
6.15, except to the extent, but only to the extent, that (i) such untrue statements or omissions are based upon information regarding
the Lender or such holder of Registrable Securities furnished to the Parent by such party for use therein. The Parent shall notify the
Lender and each holder of Registrable Securities promptly of the institution, threat or assertion of any proceeding arising from or in
connection with the transactions contemplated by this Exhibit 6.15 of which the Parent is aware.

 

1.7
If the indemnification under Section 1.6 is unavailable to an Indemnified Party or insufficient to hold an Indemnified Party harmless
for any Losses, then the Parent shall contribute to the amount paid or payable by such Indemnified Party, in such proportion as is appropriate
to reflect the relative fault of the Parent and Indemnified Party in connection with the actions, statements or omissions that resulted
in such Losses as well as any other relevant equitable considerations. The relative fault of the Parent and Indemnified Party shall be
determined by reference to, among other things, whether any action in question, including any untrue or alleged untrue statement of a
material fact or omission or alleged omission of a material fact, has been taken or made by, or relates to information supplied by, the
Parent or the Indemnified Party, and the parties’ relative intent, knowledge, access to information and opportunity to correct
or prevent such action, statement or omission. The amount paid or payable by a party as a result of any Losses shall be deemed to include
any reasonable attorneys’ or other fees or expenses incurred by such party in connection with any proceeding to the extent such
party would have been indemnified for such fees or expenses if the indemnification provided for in Section 1.6 was available to such
party in accordance with its terms. It is agreed that it would not be just and equitable if contribution pursuant to this Section 1.7
were determined by pro rata allocation or by any other method of allocation that does not take into account the equitable considerations
referred to in the immediately preceding sentence. Notwithstanding the provisions of this Section 1.7, neither the Lender nor any holder
of Registrable Securities shall be required to contribute, in the aggregate, any amount in excess of the amount by which the net proceeds
actually received by such party from the sale of all of their Registrable Securities pursuant to such Registration Statement or related
prospectus exceeds the amount of any damages that such party has otherwise been required to pay by reason of such untrue or alleged untrue
statement or omission or alleged omission.

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