SEC Contract Filing

Filing Date: 2023-08-14

Document Content:
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<TYPE>EX-10.2
<SEQUENCE>5
<FILENAME>ex10-2.htm
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<P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Exhibit
10.2</B></FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>SUBSCRIPTION
AGREEMENT</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">This
Subscription Agreement (this &ldquo;<B><U>Agreement</U></B>&rdquo;) has been executed by the purchaser set forth on the signature page
hereof (the &ldquo;<B><U>Purchaser</U></B>&rdquo;) in connection with the private placement offering (the &ldquo;<B><U>Offering</U></B>&rdquo;)
by IR-Med, Inc, Inc., a Nevada corporation (the &ldquo;<B><U>Company</U></B>&rdquo;).</FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>R
E C I T A L S</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">A.
The Company is offering to qualified accredited investors units of its securities (the &ldquo;<B><U>Offering</U></B>&rdquo;) where each
unit is comprised of (each, a &ldquo;<B>Unit</B>&rdquo; and, collectively, the &ldquo;<B>Units</B>&rdquo;) (i) one (1) shares of the
Company&rsquo;s common stock, par value $0.001 per share (&ldquo;<B><U>Common Stock</U></B>&rdquo;), and (ii) a warrant to purchase an
additional share of the Company&rsquo;s Common Stock, exercisable for a three year period at a per share exercise price of $1.40, subject
to adjustment, and substantially in the form of warrant attached hereto as <B>Appendix A </B>(the &ldquo;<B><U>Warrant</U></B>&rdquo;),
at a per Unit purchase price of $1.00 (the &ldquo;<B><U>Purchase Price</U></B>&rdquo;).</FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">B.
The proceeds of the Offering will be used by the Company for, among other, the working capital purposes of its wholly-owned subsidiary,
IR-Med Ltd., a company formed under the laws of the State of Israel (&ldquo;<B>IR-Med</B>&rdquo;).</FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">C.
The Securities (as defined below) subscribed for pursuant to this Agreement have not been registered under the Securities Act of 1933,
as amended (the &ldquo;<B><U>Securities Act</U></B>&rdquo;). The Offering is being made on a reasonable best efforts basis to &ldquo;accredited
investors,&rdquo; as defined in Regulation D under the Securities Act in reliance upon the exemption from securities registration afforded
by Section 4(a)(2) of the Securities Act and Rule 506 of Regulation D.</FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>AGREEMENT</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
Company and the Purchaser hereby agree as follows:</FONT></P>

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