SEC Contract Filing

Filing Date: 2020-05-19

Document Content:
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<TYPE>EX-10.3
<SEQUENCE>4
<FILENAME>ex10-3.htm
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<P STYLE="text-align: center; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right; background-color: transparent"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Exhibit
10.3</FONT></P>

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

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 28.35pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">THIS
VOTING AGREEMENT (this &ldquo;<B>Agreement</B>&rdquo;), is made and entered into as of this 18<SUP>th</SUP> day of May, 2020,
by and among ScoutCam Inc., a Nevada corporation (the &ldquo;<B>Company</B>&rdquo;), M. Arkin (1999) Ltd. (&ldquo;<B>Arkin</B>&rdquo;)
and Medigus Ltd. (&ldquo;<B>Medigus</B>&rdquo;) (together with Arkin, the &ldquo;<B>Stockholders</B>&rdquo;, and each individually
a &ldquo;<B>Stockholder</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: transparent"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; font-weight: normal">RECITALS</FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 28.35pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Concurrently
with the execution of this Agreement, the Company and Arkin are entering into a Securities Purchase Agreement providing for the
sale of shares of common stock of the Company, par value $0.001 per share (&ldquo;<B>Common Stock</B>&rdquo;), and in connection
with such agreement, the Company agreed to provide Arkin with the right to designate a representative to the board of directors
of the Company (the &ldquo;<B>Board</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: 28.35pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">NOW,
THEREFORE, the parties agree as follows:</FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify; text-indent: -28.35pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">1.
<U>Voting Provisions Regarding Board of Directors</U>.</FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 28.35pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">1.1
<U>Designation of Stockholder Board Member</U>. Each Stockholder agrees to vote, or cause to be voted, all Shares owned by such
Stockholder, or over which such Stockholder has voting control, from time to time and at all times, and to take such other actions
required pursuant to the organizational documents of the Company or otherwise, in whatever manner as shall be necessary to ensure
that (A) at each annual or special meeting of stockholders at which an election of directors is held or pursuant to any written
consent of the stockholders, (a) one (1) person designated by Arkin shall be elected to the Board, for so long as Arkin, together
with its Affiliates, continues to own beneficially at least eight (8%) of the issued and outstanding capital stock of the Company
(&ldquo;<B>Arkin Director</B>&rdquo;), which individual shall initially be Irit Yaniv, unless otherwise provided by Arkin, and
(b) (i) three (3) persons designated by Medigus shall be elected to the Board, for so long as Medigus, together with its Affiliates,
continues to own beneficially at least thirty five (35%) of the issued and outstanding capital stock of the Company, or (ii) two
(2) persons designated by Medigus for so long as Medigus, together with its Affiliates, continues to own beneficially less than
thirty five (35%) and more than twenty (20%) of the issued and outstanding capital stock of the Company, or (iii) one (1) person
designated by Medigus for so long as Medigus, together with its Aff