EX-4.11 7 filename7.htm

 

Exhibit 4.11

 

 

[INFORMAL ENGLISH TRANSLATION]

 

Date: March 29, 2017

 

Name of the customer:     Itamar Medical Ltd. (hereinafter: the “Borrower” or the “Company” or the “Customer”)

 

Company No. 512434218

 

Address:       9 Halamish Street, Caesarea Zip code 3088900

 

Account number:     250888 in the Orot Mall Branch (hereinafter: the “Account”)

 

To: Mizrahi Tefahot Bank Ltd. (hereinafter: the “Bank”)

 

To Whom It May Concern:

 

Re: Line of Credit

 

We are setting forth in writing the agreements reached between us in connection with the Credit Limit and the loans made available to the Company, from time to time, in reliance on this Agreement and in reliance of a specific credit agreement and/or specific loan agreement that will be submitted to you in the future, from time to time, in reliance on this Framework Agreement. In addition to the provisions of this Agreement, the terms of the Line of Credit and all of the loans that will be provided to the Company, whether from the framework or long-term (hereinafter: the “Credit”), shall be in accordance with and subject to the “Account Opening Application” and/or “Account Changes” and “Account Management Packet” and “Credit Packet for a Business Customer,” and all of the appendices and amendments in which we have engaged with the Bank, as well as subject to any specific credit / loan agreement or otherwise, between the Company and the Bank (hereinafter: the “Credit Documents”), and all of the provisions of the Credit Documents and all of the terms thereof shall apply and be binding with respect to the credit that will be provided to the Company by you.

 

 

 

 

1.Types of credit:

 

The amount of the credit that will be provided pursuant to this Agreement: up to a sum of USD 10,000,000 (hereinafter: the “Credit Amount”).

 

The Line of Credit and the Credit will be provided and may be utilized by the Company as of the date on which all of the preconditions and general terms as set forth in Section 5 below are satisfied (hereinafter: the “Preconditions”) and subject to the Bank’s signature on this Agreement.

 

All of the Credit Amounts that were provided and/or will be provided to the Company shall be repaid in full pursuant to the agreements set forth in the documents signed and/or that will be signed by the Company in connection with the provision of the same Credit, and subject to the terms of this Agreement.

 

2.The Lender - Mizrahi Tefahot Bank Ltd. (hereinafter: the “Bank”)

 

3.The Borrower - Itamar Medical Ltd., Company No. 512434218 (hereinafter: the “Borrower” or the “Company”)

 

4.Types of credit:

 

4.1.Long-term loan -

 

4.1.1.A loan in the amount of USD 6,000,000 may be taken, in whole or in part, at once or in installments, provided that no withdrawal shall be less than USD 2,000,000, by no later than February 28, 2018. The Borrower’s notice of its intent to withdraw any loan as stated above will be provided to the Bank in writing no later than two (2) business days prior to the date of the execution of the loan and will include the date requested for the provision thereof as well as the amount of the loan. The Bank will prepare the relevant loan agreement for the Borrower’s signatures, including all of the details of the Loan and the relevant interest, as well as the other documents customary at the Bank.

 

It is agreed that in addition to the Preconditions, a precondition for the provision of the long-term loan is that the Borrower will declare in writing, upon the provision of the loan, that no adverse change has occurred thereto (excluding a negligible change) and that no default event has occurred.

 

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Default Event” - Any of the events or causes which, upon their occurrence, the Bank may call for immediate payment the credit or any part thereof extended under any of the Credit Documents. For the avoidance of doubt, the provision of a curing period, if provided regarding a Default Event, does not postpone the date or the occurrence of the Default Event, and the Default Event will be considered to be as such as of the occurrence of the circumstances that form it prior to the passage of the curing period, and regardless of the passage of any other time.

 

4.1.2The annual interest rate for the long-term loan - quarterly Libor + 5.5%.

 

4.1.3.The principal of the loan and the interest for the same will be repaid in 12 consecutive quarterly payments, as of the end of three months from the date on which the long-term loan was provided.

 

4.1.4.The fee for the execution of a payment on the date of the provision of the long-term loan will be in accordance with the Bank’s fee schedule at the time.

 

4.2.Credit limit to finance customer debt -

 

4.2.1The Loans Framework for financing customer debt in the amount of up to USD 4,000,000 (the “Line of Credit for Financing Customer Debt” or the “Loan for Financing Customer Debt”) will be in force and may be utilized subject to the provisions of Section 1 above, by March 25, 2018 (hereinafter: the “Expiration of the Line of Credit”). Any loan from the aforesaid framework will be calculated and provided pursuant to the following aggregate rules and conditions:

 

1)Invoices for payment that are not yet paid, which are issued by the Borrower and/or the US Subsidiary Itamar Medical Inc. (hereinafter: the “US Subsidiary”) and/or I.M.E. 2016 B.V. (hereinafter: the “Dutch Subsidiary”) to their customers, will be financed at a rate of no more than 80% of the amount of the same invoices (for each invoice).

 

2)Invoices will be financed that are payable no later than 90 days from the Reporting Date, as set forth in Section 4.2.3 below, and in any case no later than the Expiration of the Line of Credit. Invoices in arrears shall not be financed, excluding invoices that are in arrears of up to 60 days on the date of the provision of the loan (hereinafter: “Invoices in Arrears”), and provided that the rate of the Invoices in Arrears does not exceed 10% of the total Loans for Financing Customer Debt. It is clarified that in transactions in installments, the payment date is the payment date of each payment. Additionally, deferred income as well as doubtful debts will be offset from the balance of the invoices.

 

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3)The exposure vis-a-vis each individual customer (as calculated pursuant to this section) will not exceed 20% of the total Credit Limit for Financing Customer Debt.

 

The amount of the loan calculated in accordance with the rules above will be hereinafter: the “Derived Amount.”

 

4.2.2Payment date of the Loans for Financing Customer Debt - the payment date of each Loan for Financing Customer Debt will not exceed 3 months from the date on which it is provided, with the final and absolute payment date of the loans provided being the expiration of the framework.

 

4.2.3Reporting - The Borrower will provide the Bank, no later than 12 days from the end of each calendar month, with a report including the details of the invoices as of the last day of the previous calendar month, which is not yet paid by the reporting date, as well as the calculation of the Derived Amount. The reporting will be made in the form customary at the Bank as agreed upon by the parties (hereinafter: the “Monthly Invoices Report”).

 

Additionally, together with the transfer of the unpaid invoices report, the Borrower will also provide a collection report regarding all of the invoices that were financed, which details the amounts collected in the previous month and the invoices that were paid.

 

The reports will be signed by the CEO of the Company or its CFO.

 

It is agreed that the Bank may, at its sole discretion, demand the presentation of the invoices set forth in the Report, in whole or in part.

 

The Bank may examine the calculation of the Derived Amount as well as disqualify any of the customers and/or invoices set forth in the report.

 

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4.2.4The adjustment of the balance amount of the Loans for Financing Customer Debt to the Derived Amount will be made within five days from the date of the provision of the report. The adjustment of the balance of the Loans for Financing Customer Debt will take place by the provision of Loans for Financing Customer Debt or the early repayment thereof. It is clarified that the Bank will not be required to provide Loans for Financing Customer Debt from the Line of Credit unless it has approved the debtor customers and the calculation of the Derived Amount, at its discretion.

 

4.2.5The Borrower shall sign all of the documents required by the Bank for the execution of the provisions of this section.

 

4.2.6The interest rate for the Loans for Financing Customer Debt - for each Loan for Financing Customer Debt, the Borrower will pay the Bank variable annual interest at a rate of monthly Libor + 4.25%. The interest for the Loan for Financing Customer Debt will be repaid on a monthly basis (or based on the term of the Loan for Financing Customer Debt, as the case may be).

 

4.3Fees

 

4.3.1.For the Credit Limit for Financing Customer Debt and the long-term loan, the account will be charged a credit allocation fee at a rate of 0.6% per year, for the entire Credit Amount, as defined above, as of the signing date of this Agreement. The credit allocation fee shall be calculated daily and collected on a quarterly basis, at the beginning of each calendar quarter, for the preceding quarter.

 

For the same part of the framework that was actually utilized by the Borrower, the Borrower will receive a full reduction from the credit allocation fee set forth above. The calculation will take place regarding any credit provided, as of the date on which it is actually provided, for the unused balance.

 

The credit allocation fee as set forth above does not constitute a substitute for the ordinary fees customary at the Bank.

 

4.4All of the additional conditions in connection with the credit that will be provided to the Borrower, insofar as they are not provided in this Agreement, including interest rates, payment dates, fees and other payments, will be as agreed upon and/or will be agreed upon by the Bank and the Borrower.

 

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5.Preliminary and general terms:

 

Any provision of any credit and/or its continued provision will be subject to the fulfillment of all of the following conditions:

 

5.1The Borrower has opened account number 250888 at the Orot Mall branch (438) of the Bank (hereinafter: the “Account”).

 

The Borrower above has executed the customary Credit Documents at the Bank as well as the relevant documents required for the requested activity and/or credit and provided all of the minutes and attorney verifications as customary at the Bank.

 

5.2The Borrower has provided the Bank with all of the following sureties, signed a bond or pledge deed for the same in the form customary in the Bank, and provided all of the documents, minutes, and attorney verifications as customary at the Bank:

 

5.2.1A first-ranked floating charge, unlimited in amount, on all of the property, funds, rights and assets of any type or kind of the Borrower, and a first-ranked fixed charge, unlimited in amount, on the intellectual property of the Borrower, on the goodwill, documents and negotiable papers, on its bank account, and its holdings in the US Subsidiary and the Dutch Subsidiary, all as set forth in the bond, in the form agreed upon by the parties.

 

A first-ranked fixed pledge, unlimited in amount, on all of the rights to receive funds from customers of the Borrower, as set forth in the list that will be attached to the bond.

 

5.2.2A first-ranked pledge for the benefit of the Bank, unlimited in amount, on all of the assets and property of the US Subsidiary (including its customers). The Borrower has provided the Bank with a legal opinion in the form customary at the Bank, based on which a charge on the assets of the US Subsidiary and is shares is valid vis-a-vis any third party, as well as confirmations of recordation of the charges in the United States. The Borrower and the US Subsidiary will make efforts to update the registered charge, such that it will remain in force until the absolute and final clearance of the debts and liabilities of the Borrower to the Bank.

 

5.2.3The Dutch Subsidiary will sign a “negative charge” document in the form agreed upon by the parties.

 

5.2.4The lists of intellectual property and customers of the Borrower and the US Subsidiary as set forth above include the intellectual property of the companies as well as the lists of their customers on the signing date of the charge documents above. The companies undertake to update the lists on a biannual basis, to provide the updated lists to the Bank, and to update the pledge documents accordingly.

 

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5.3The Borrower and the US Subsidiary will sign and provide the Bank with any document required by the competent authorities for the fulfillment of their undertakings in accordance with the provisions of this section.

 

5.4The Borrower will deposit USD 4,000,000 in the Account, as set forth in Section 8 below.

 

5.5The Borrower will sign an options agreement for the Bank in the form agreed upon by the parties (hereinafter: the “Options Agreement”) and provide, for the same purpose, all of the confirmations required, including a legal opinion.

 

The basic principles in the Options Agreement -

 

The Borrower shall grant the Bank 798,088 nonnegotiable options for the acquisition of ordinary shares of the Company, at an exercise price of NIS 1.36 per share. Duration of the option: four years from the date of the granting of the options.

 

It is clarified that the conditions set forth in the Options Agreement are binding vis-a-vis the Borrower for all intents and purposes.

 

6.The Borrower and the US Subsidiary hereby assign to the Bank all of their rights, existing and future, for the receipt of funds from their customers, existing and future. Additionally, the Borrower undertakes to act in order for all of the direct payments of its customers, as well as all of the payments owed thereto from the subsidiaries, will be made solely to the bank account set forth in Section 5.1 above, and the same Account will be listed in all of the accounts for payment provided thereby.

 

7.The subsidiaries undertake to transfer funds to the Borrower’s Account, at the first request of the Bank, to cover the credit provided in the Credit Limit for Financing Customer Debt.

 

8.The Borrower undertakes that as of the date of the withdrawal of the credit, in whole or in part (whether a withdrawal of a loan from the Credit Limit for Financing Customer Debt or a withdrawal of a long-term loan), the balance of the cash in the Bank’s Account will not be less at any time than USD 4,000,000 (hereinafter: the “Deposited Amount”). It is agreed that a temporary reduction in the amount, which will be coordinated with the Bank in advance and in writing, up to a sum of USD 3,600,000, will not constitute grounds to call the credit due for immediate repayment, provided that the Borrower has deposited, within 30 days, in its Account, the amount required such that the Borrower’s cash balance in the Account is at least USD 4,000,000. It shall be clarified that this amount will not exceed the balance of the long-term loans and the Loans for Financing Customer Debt.

 

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9.The Borrower undertakes to ensure that no charges are created on the assets of the subsidiaries (other than as set forth in this Agreement), and the Borrower further undertakes that it will not change the pricing of the transactions between it and the subsidiaries, as it may be, on the signing date of this Agreement without obtaining the Bank’s prior written consent.

 

10.Without derogating from the undertaking of the Borrower to provide information and documents, as agreed upon by the Bank and the Borrower, the Borrower undertakes to provide the Bank, on a quarterly basis, with its consolidated financial statements and those of its subsidiaries, audited (regarding the annual financial statements) and reviewed (regarding the quarterly financial statements) by an accountant, as the case may be, as well as any business and financial information, at the request of the Bank. It is emphasized that the reporting on MAGNA of the annual or quarterly financial statements shall be considered to be the delivery of the information to the Bank.

 

11.It is hereby explicitly clarified that the actual provision of the loans and/or credit, pursuant to this Agreement, is contingent on the fulfillment of all of the conditions set forth in this Agreement above, and that the loans and/or credit will be provided based on the agreements set forth in the terms of the Credit Documents, subject to the provisions of this Agreement. The provision of the credit is also contingent on there being no legal impediment for the same, and that the same does not conflict with the provisions of the law and/or the instructions of the Supervisor of Banks (including the provisions of Proper Banking Procedure No. 311 “Minimum Capital Ratio” and Procedure no. 313 - “Restrictions on Companies of a Borrower and Group of Borrowers” and/or any other provisions that shall replace them) and provided that the granting of the credit does not cause a deviation from the liability restrictions of a borrower / group of borrowers. As of the date of the execution of this Agreement, the Bank is not aware of any such impediment or limitation.

 

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12.A breach of any of the undertakings set forth in this document shall be deemed grounds to call for immediate repayment of the credit in its entirety and will not permit the provision of loans from the Credit Limit for Financing Customer Debt and/or the provision of the long-term loan, as the case may be. For the avoidance of doubt, the above shall be in addition to the grounds for calling the credit for immediate repayment, as set forth in the other documents signed and/or that will be signed by the Borrower.

 

13.The Bank may, at any time and from time to time, in any case in which the Bank may perceive an inability to collect the credit and/or if an adverse change occurs to the Borrower’s solvency and/or a materially adverse change to the financial or business state thereof and/or if there are grounds to call the credit for immediate repayment and/or in the event that any of the other conditions occur as a result of changes under law, which require a reduction and/or cancellation and/or delay of the Line of Credit immediately, while providing notice to the Borrower to reduce and/or cancel the Line of Credit that is not utilized and/or postpone the provision of any loan, in whole or in part, and/or to delay it.

 

14.For the avoidance of doubt, the above was not intended to grant rights to any third party, and the same will not constitute a representation on which any third party may rely.

 

15.All of the appendices to this Agreement constitute integral parts hereof and all of the provisions of the appendices will supplement and be in addition to the provisions of this Agreement. In any case of a conflict between the provisions of this Agreement and the provisions of the Credit Documents or the appendices, the provisions of this Agreement shall prevail, unless expressly agreed otherwise in any of the appendices or Credit Documents. In any other case, the provisions of this Agreement and the provisions of the Credit Documents and the appendices thereto shall be deemed supplementary to each other.

 

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16.The Borrower will pay the Bank, upon the signing of this Agreement, a sum of USD 30,000, for the drafting of the documents. This fee is in addition to the fees customary in the Account.

 

17.In the event that the Preconditions are not fulfilled by May 31, 2017, this Agreement will be void and the Company or the Bank will not have any obligation (excluding an undertaking to pay the payments that the Borrower has undertaken in full). In the event that more time is required for the registration of the charges overseas, the Bank will provide the Company with a 30-day extension for the aforesaid registration.

 

  Respectfully,
   
  /s/ Itamar Medical Ltd.
  Itamar Medical Ltd.

 

We confirm that we have read the foregoing document and we agree to its contents and undertake to act accordingly.

 

/s/ Itamar Medical Inc.

Itamar Medical Inc.

 

/s/ I.M.E. 2016 B.V.

I.M.E. 2016 B.V.

 

 

We confirm the above

 

________________________

Mizrahi Tefahot Bank Ltd.

 

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[INFORMAL ENGLISH TRANSLATION]

 

Name of the customer:     Itamar Medical Ltd., Company No. 512434218

 

Address:      9 Halamish Street, Industrial Area of North Caesarea

 

Date: January 29, 2008

 

To

Mizrahi Tefahot Bank Ltd.

 

To Whom It May Concern:

 

Re: Amendment No. 1 to the Credit Facility Agreement dated March 29, 2017 (hereinafter: the “Credit Facility Agreement”)

 

We set forth in writing the agreements between us in connection with the amendment to the Credit Facility Agreement between Mizrahi Tefahot Bank Ltd. (the “Bank”) and Itamar Medical Ltd. (the “Borrower”), as follows:

 

1.Section 4.1 of the Credit Facility Agreement shall be amended as follows:

 

4.1Facility of the loans

 

4.1.1The Bank shall provide a facility of loans for use as long-term or short-term loans (hereinafter: the “Loans Facility”) in the amount of USD 6,000,000.

 

The Loans Facility shall be in effect and may be utilized until February 28, 2019.

 

It is agreed that the amount of any long-term shall be at least USD 2,000,000.

 

Where a long-term loan is provided - the facility amount shall be decreased by the amount of the long-term loan provided.

 

The Borrower’s notice of its intent to withdraw any loan as stated above will be provided to the Bank in writing no later than two (2) business days prior to the date of the execution of the loan and shall include the date requested for the provision thereof as well as the amount of the loan. The Bank shall prepare, for the Borrower’s signatures, the relevant loan agreement including all of the details of the Loan and the relevant interest, as well as the other documents customary at the Bank.

 

 

 

 

4.1.2The annual interest rate for each loan (long-term or short-term) - quarterly Libor + 5.5%.

 

4.1.3The principal of the long-term loan and the interest for the same shall be repaid in 12 consecutive quarterly payments, as of the end of three months from the date on which the long-term loan was provided.

 

4.1.4The manner of repayment of the principal of the short-term loan and the interest for the same shall be agreed upon by the parties prior to the provision of the short-term loans.

 

4.1.5The fee for the execution of a payment on the date of the provisions of any long-term loan shall be in accordance with the Bank’s rate list at the time.

 

For the avoidance of doubt, it is clarified that all of the loans above are part of the credit, as defined in the Agreement, and all of the provisions of the Credit Facility Agreement in connection with the credit shall apply regarding them as well.

 

2.The validity of the credit limit for financing customer debt shall be extended until January 12, 2019 - Section 4.2.1 will be amended accordingly.

 

3.In Section 4.3.1 - The amount of the credit allocation fee shall be 0.9% instead of 0.6%.

 

4.In Section 7 - At the end of the section, the following shall be added: “The Borrower undertakes to make use of its means of control in the subsidiaries in order to ensure that the funds are transferred to its account as stated.”

 

5.Section 8 shall be amended as follows:

 

“The Borrower undertakes that as of the date of the withdrawal of the credit, in whole or in part (whether the withdrawal of a loan from the credit limit is to finance a customer debt or is a withdrawal from the Loan Facility), the balance of the cash in the Bank’s account shall not be less at any time than 40% of the amount of the credit actually provided (hereinafter: the ‘Amount Required for Deposit).

 

 

 

 

It is agreed that a temporary decrease in an amount up to 10% of the Amount Required for Deposit shall not constitute grounds to call the credit due for immediate repayment, subject to the fulfillment of the following conditions: 1. The temporary decrease shall be coordinated with the Bank in advance and in writing, and 2. the Borrower has deposited within 30 days, in its account, the Amount Required for Deposit such that the balance of the Borrower’s cash in the account will not be less than the Amount Required for Deposit.”

 

Section 5.4 will be amended accordingly (40% of the utilized credit amount).

 

6.The Borrower declares and confirms that there has been no detrimental change to its condition, as of the signing date of the Credit Facility Agreement, and no default event has occurred.

 

Default Event” - Any of the events or causes which, upon their occurrence, the Bank may call for immediate payment the credit or any part thereof extended under any of the Credit Documents. For the avoidance of doubt, the provision of a curing period, if provided regarding a Default Event, does not postpone the date or the occurrence of the Default Event, and the Default Event will be considered to be as such as of the occurrence of the circumstances that form it prior to the passage of the curing period, and regardless of the passage of any other time.

 

7.In addition to the preliminary and general conditions set forth in the Agreement, the Bank’s consent, as set forth above, is contingent on the following conditions:

 

a.The Borrower has provided the Bank with a document confirming the extension of the validity of the Warrant Document signed for the benefit of the Bank, in the form attached as Exhibit A.

 

b.The parties have signed this Amendment.

 

8.For the avoidance of doubt, it is clarified that excluding the above, no change shall be made to our undertakings toward you under the Agreement. The collateral that secures our undertakings under the Agreement will continue to apply for all intents and purposes.

 

9.The Borrower will pay the Bank a fee for the preparation of this document in the amount of USD 6,000, which shall be charged to the Borrower’s account. This fee does not replace the ordinary fees customary at the Bank.

 

 

 

 

10.This amendment shall take effect subject to the signing thereof by the Borrower and Itamar Medical Inc. and its return to the Bank by no later than February 10, 2018, and subject to the Bank’s signature. The Borrower will provide the Bank with I.M.E. 2016 B.V’s signature on this document by no later than March 1, 2018.

 

In witness whereof we have signed below:
 
/s/ Itamar Medical Ltd.

 

To

Mizrahi Tefahot Bank Ltd.

 

We confirm that we have read the document above and agree to its contents.

 

/s/ Itamar Medical Inc.  
   
/s/ I.M.E. 2016 B.V.  

 

 

 

 

Exhibit A

 

To

Mizrahi Tefahot Bank Ltd. (Holder")

 

Dear Holder,

 

January 29,2018

 

RE: Extension of Previous Warrant

 

Itamar Medical Ltd. (hereinafter: the "Company") currently intends to enter into an amendment to the framework agreement with Holder, under which the existing framework agreement shall be extended, and certain additional terms shall be amended.

 

In the framework of the negotiations, and in order to induce Holder to extend the term of the existing framework agreement and to amend it, Company has agreed to extend the warrant period for all outstanding warrants granted to Holder, as set forth below.

 

In light of the above, we hereby confirm that, effective as of the date of this letter:

 

The original Warrant issued to the Holder on May 14, 2017 is hereby extended until May 14, 2022 (clause 3.1 to the Warrant Agreement will be amended accordingly).

 

All other terms and conditions of the abovementioned Warrants shall remain unchanged, in full force and effect.

 

  Sincerely,
   
  /s/ Itamar Medical Ltd.

 

 

 

 

[INFORMAL ENGLISH TRANSLATION]

 

Name of the customer: Itamar Medical Ltd., Company No. 512434218

 

Address:           9 Halamish Street, Caesarea 3098900

 

Date: May 28, 2018

 

To

Mizrahi Tefahot Bank Ltd.

To Whom It May Concern:

 

Re: Amendment No. 2 to the Framework Agreement dated March 29, 2017 (hereinafter: the “Framework Agreement”)

 

We set forth in writing the agreements between us in connection with the amendment to the Framework Agreement between Mizrahi Tefahot Bank Ltd. (the “Bank”) and Itamar Medical Ltd. (the “Borrower”), as follows:

 

1.Section 4.2 of the Framework Agreement shall be amended as follows:

 

In Section 4.2.1 in subsection 2, the following paragraph shall be added:

 

“Notwithstanding the above, it is agreed that the Bank shall provide the Borrower with financing against invoices issued as stated above for transactions paid by credit card, whose repayment dates exceeds 90 days, under the following conditions:

 

a.Transactions shall be financed where the final repayment date does not exceed 12 months from the date of the report.

 

b.The total credit from the credit limit for financing customer debt for credit cards with a repayment date of 90 days and until the repayment date of 12 months from the reporting date, which will be provided against these invoices, will not exceed USD 500,000.”

 

In Section 4.2.1 in subsection 3, the following paragraph shall be added:

 

“Notwithstanding the above, the exposure vis-à-vis the following customers shall not exceed 30% of the credit limit to finance customer debt - Kaiser Foundation Health Plan, Inc. and its affiliates Department of Veterans Affairs and its affiliates Philips Respironics GK Japan”

 

2.For the avoidance of doubt, it is clarified that excluding the above, no change shall be made to our undertakings to you under the Agreement. The collateral that secures our undertakings under the Agreement shall continue to apply for all intents and purposes.

 

 

 

 

The Borrower shall pay the Bank a fee for the preparation of this document in the amount of USD 3,000, which will be charged in the Borrower’s account. This fee does not replace the ordinary fees customary at the Bank.

 

3.This amendment shall take effect subject to the execution hereof by the Borrower and Itamar Medical Inc. and its return to the Bank by no later than May 31, 2018, and subject to the Bank’s signature. The Borrower shall provide the Bank with I.M.E. 2016 B.V’s signature on this document by no later than June 7, 2018.

 

In witness whereof we have signed below:

 

  /s/ Itamar Medical Ltd.  

 

Itamar Medical Ltd.

 

 

 

 

[INFORMAL ENGLISH TRANSLATION]

 

Secured Debenture

 

Signed on the 28th of May, 2017

 

By Itamar Medical Ltd., Company No. 5124343218, of 9 Halamish Street, Caesarea (hereinafter: the “Company”)

 

For the benefit of Mizrahi Tefahot Bank Ltd. (hereinafter: the “Bank”), pursuant to the incorporation documents of the Company and all of the other provisions that provide the Company with power in this regard and pursuant to the resolution of the Company’s board of directors.

 

Whereas The Company and/or _______ Company No.   (hereinafter: the “Debtors”) have received and/or will receive credit from time to time from the Bank, whether in Israeli currency or any foreign currency, in Israel or outside of Israel, including any revolving credit, temporary credit, non-recurring credit, loan, discounting of deeds, purchase of deeds, brokerage of deeds, overdrafts, provision of guarantee and/or letter of indemnity, opening documentary credit, provision of an extension and various bank leniencies, handling bills of lading, actions with securities, various actions with financial instruments and/or derivatives, service or other payment, provided or that will be provided to a customer or for its deposit, as well as any other transaction or action based on which or following which debts or liabilities will be created or may be created by the Company and/or the Debtors vis-a-vis the Bank, whether as a debtor or guarantor or assignor and/or in another manner, alone or together with others, whether owed or that will be owed, whether they have matured before the engagement under this document or will mature thereafter, whether provided in a special or conditional manner, whether provided directly or indirectly, explicitly or implicitly, as well as other various bank services (hereinafter: all jointly and severally: the “Bank Services”), under the terms agreed upon and/or that will be agreed upon from time to time regarding every Bank Service.
   
And Whereas It has been agreed by the Company and the Bank that the Company will secure all of the debts and liabilities of the Company and/or the Debtors to the Bank of any type or kind, whether in Israeli currency or any other currency and of any kind, as set forth below, by way of this Debenture, and in addition to any collateral that is provided and/or will be provided to the Bank.

 

 

 

 

Therefore, this Debenture attests to the following:

 

1. a. This Debenture has been issued to secure the full and precise payment of all of the amounts, whether in Israeli shekels or any foreign currency, owed and that will be owed to the Bank by the Company and/or the Debtors in any way, form, manner and for any reason, whether the amounts are owed by the Company and/or the Debtors in connection with the provision of the Bank Services or are not in connection with the same, whether they are owed from the Company and/or the Debtors alone or together with others, whether the Company and/or the Debtors have already undertaken therewith or will undertake therewith in the future, as a Debtor and/or guarantor and/or assignor or otherwise (including liability of the Company and/or the Debtors under the deeds provided or that will be provided to the Bank, whether by the Company and/or the Debtors or by third parties for discounting or security, and/or under any other debt of the Company and/or the Debtors vis-a-vis the Bank), owed and/or that will be owed in the future, which is payable before the exercise of the collateral provided hereby or subsequently, owed absolutely or conditionally, owed directly or indirectly, owed pursuant to the original undertaking of the Company and/or the Debtors or formed in a judgment of a court or otherwise -

 

b.The total amount that we will be required to pay the Bank under this Debenture is unlimited in amount.

 

All of the expenses and charges in connection with the preparation of this Debenture and its registration with the appropriate registrar, as well as all of the expenses involved in the exercise of this Debenture and its realization, including reminders and warnings of arrears, reimbursements of charges, letters, assessments, insurance, security, maintenance and repair of the Pledged Assets as defined below, notices and various approvals, attorney fees, legal and execution fees, the appointment of a receiver and/or manager and/or liquidators and their wages, expenses involved in locating the address of the Company and/or the Debtors, as the case may be, and any other reasonable expense involved in the exercise of this Debenture and its realization, which the Bank could not prevent using reasonable measures, will apply to the Company and/or the Debtors, as the case may be, and will be paid by them, together with interest as set forth in the “Credit to a Business/Private Customer Packet” or at the rate agreed upon in the Provision of Bank Services Agreement, as of the date of the request and until the full clearance or as determined by the competent judicial authority. This Debenture will also be used to secure all of the aforesaid amounts in this paragraph, which will be added to the amount of the Debenture, as defined above in this Section 2, and all of its subsections until the full payment thereof, even if all of the aforesaid expenses and charges are also secured under this Debenture.

 

 

 

 

(All of the amounts above that are secured under this Debenture will be hereinafter: the “Secured Amounts”).

 

2.The Company hereby undertakes to pay the Bank any amount from the Secured Amounts:

 

a.On the agreed payment date, if agreed by the Bank and the Company and/or the Debtors that the same amount will be payable on a specific date.

 

b.At the end of seven days from the date on which the Bank’s first written request is sent to the Company, if no payment date is agreed upon as stated in paragraph (a) above.

 

3. a. Unless the same is explicitly permitted in a specific credit agreement or the “Credit to a Business Customer” packet, the Bank may choose not to accept prepayment of the Secured Amounts or any part thereof, before they are due to be paid, and the Company or any party whose right may be impaired by the granting or realization of this Debenture, will not have a right under Section 13(b) of the Pledge Law, 1967 or any other law.

 

b.In any case in which the Company and/or the Debtors do not have the right to repay the Secured Amounts early under any agreement, administrative instruction from a competent government authority or the law, the Company and/or the Debtors may do so only subject to the Bank’s prior written consent to the same, and under the conditions set forth in this regard by the Bank. The Bank may condition its consent on payment of a fee and/or fine and/or any other payment, as well as determine the date on which the early payment will take place. In the case of early repayment, the interest and/or linkage differentials and/or exchange rate differentials will be calculated, as the case may be, up to the actual payment date. For the avoidance of doubt, it is hereby clarified and emphasized that the above does not and will not impair or detract from the Bank’s right to call for immediate repayment any Secured Amount under the Debenture pursuant to the agreements between the Bank and the Company.

 

 

 

 

4. a. The Bank may calculate interest on the Secured Amounts at the rate agreed upon or that will be agreed upon from time to time between it and the Company and/or the Debtors, as the case may be. In cases in which the interest rate is not agreed upon, the Bank may determine the interest rate and inform the Company or Debtors of the same, as the case may be. The Company and/or the Debtors will be charged the aforesaid interest rates and the Bank may attach them to the principal at the end of every three months or at the end of any other period, as determined by the Bank.

 

b.In any case of arrears in payment of the Secured Amounts or part thereof, the Secured Amounts will bear arrears interest in the rate set forth in the Business Credit Booklet or at the rate agreed upon in the Provision of Bank Services Agreement.

 

c.In any case that grants the Bank the right to exercise the collateral under this Debenture, the Bank may increase the interest rates of the Secured Amounts until the arrears interest rate, as set forth in the Business Credit Booklet or the rate agreed upon in the Provision of Bank Services Agreement.

 

5.To secure the full and precise repayment of all of the Secured Amounts, the Company hereby pledges to the Bank and its substitutes.

 

a.With a first-ranked floating charge, any enterprise, equipment, assets, funds, property and rights, including their profits, of any type without exception, that the Company has currently and will have in the future, at any time, in any form and manner, including all of the existing and/or future rights of the Company, for the receipt of funds from its customers and/or from any other entity, including its insurance rights for them, for all of the above assets and rights, and all of the rights under the Property Tax and Damages Fund Law, 1961, and any right to damages or indemnification that the Company shall have vis-à-vis a third party for loss, damage or the expropriation of property or any part thereof (hereinafter: the “Pledged Assets”).

 

 

 

 

b.A first-ranked fixed pledge and a lien on its goodwill, as it is currently and as it may be at any time (hereinafter: the “Pledged Goodwill”).

 

c.A first-ranked fixed pledge and lien on the equipment, assets and the income from the assets and their profits, set forth on the list attached to this Debenture, marked “A” and constituting an integral part hereof (hereinafter: the “Fixed and Pledged Property”).

 

d.A first-ranking fixed pledge on all of the rights, including the intellectual property rights, of the Company, as set forth in Appendix A1 of the Debentures and including as set forth in Appendix A2 (hereinafter: the “Pledged Intellectual Property Rights”).

 

e.A first-ranking fixed pledge of all of the Company’s rights to receive funds as set forth in Appendix B of the Debenture. (hereinafter: the “Right to Receive Funds”).

 

f.A first-ranked fixed pledge on the Company’s holdings in Itamar Medical Inc. and I.M.E (2016) B.V. and all of the Company’s rights in connection with the above holdings.

 

g.A fixed pledge and a charge on the bills of lading - marine or by air - ownership certificates of merchandise, storage certificates, merchandise delivery certificates, orders, letters of documentary credit, receipts or other documents customary in international trade and testifying to ownership or goods or merchandise (hereinafter: the “Documents”), which will be provided from time to time to the Bank, for collection, for safekeeping, security or otherwise, including all of the insurance rights of any type or kind vis-à-vis B.S.S.CH. - The Israel Credit Insurance Company Ltd. or any other insurance company, as well as any right to compensation or indemnification that the Company may have vis-à-vis third parties for loss, damage, or expropriation of merchandise or goods - upon their delivery to the Bank as stated, they shall be considered to be pledged and charged for the Bank as a first-ranking pledge and charge under the terms of this Debenture and its provisions.

 

h.A fixed pledge and charge on all of the securities, documents, pledges of others that the Company has provided or will provide from time to time to the Bank for collection, safekeeping, security or otherwise (hereinafter: the “Pledged Documents”) and upon the delivery thereof, they will be considered to be pledged and charged to the Bank as a first-ranking pledge and charge under the terms of this Debenture, and its provisions, mutatis mutandis, will apply to their pledge and charge.

 

 

 

 

The Bank will be exempt from taking any action in connection with the Pledged Documents and will not be liable for any damage that is caused in connection with the same, and the Company undertakes to indemnify the Bank in any case in which the Bank is sued for such damage by others. The Company hereby waives in advance any claims of prescription regarding the Pledged Documents.

 

i.A charge and first-ranking pledge and assignment by way of pledge on all of the rights of the Company in Account No. 250888 at the Orot Mall Branch (438) (hereinafter: the “Pledged Account”), including all of the rights of the Company to the funds and/or deposits and/or assets deposited and/or that will be deposited and/or located in the Account, as well as the income, profits and consideration that the Company may have for and in connection with the Account (hereinafter: the “Pledged Rights”).

 

j.The “Pledged Assets,” the “Pledged Goodwill,” the “Documents,” and the “Pledged Documents,” “Fixed and Pledged Assets,” “Pledged Intellectual Property Rights,” “Rights to Receive Funds,” the “Pledged Account,” the “Pledged Rights,” and any other pledge noted in this section will be hereinafter: the “Pledged Property.”

 

6.The Company hereby declares as follows:

 

a.That the Pledged Property is not pledged, nor is there a lien in favor of others, nor is it subject to an attachment in any manner, other than as set forth in the report of the Registrar of Companies dated ________, attached hereto.

 

b.That the Pledged Property is under its sole ownership and possession or possessed by the Bank.

 

c.That there is no limitation or condition under law or agreement or otherwise, applicable to the transfer of the Pledged Property or it being subjugated to a pledge or lien.

 

d.That it may pledge or charge the Pledged Property in any manner and form.

 

 

 

 

e.That no assignment of a right or other action was performed that derogates from the value of the Pledged Property.

 

f.That it and/or the Pledged Property complies and will comply with the requirements and/or provisions of any law and/or agreement.

 

g.That it is not aware of the existence of environmental hazards as defined in Section 26(d) below in the Pledged Property, and to the best of its knowledge, no demand was received from the relevant authorities and/or any other entity for the same in connection with environmental hazards.

 

7.The Company hereby undertakes vis-à-vis the Bank as follows:

 

a.Not to pledge, not to charge, including at an inferior level than the Bank, not to sell, not to lease, not to lease long-term, not to transfer the Pledged Property, not to provide and/or transfer possession of the Pledged Property, and not to perform any action with the Pledged Property or provide any person or entity with any right to the Pledged Property, which may (by action or right) harm the rights of the Bank under this Debenture and/or under any agreement formed and/or that will be formed between the Bank and the Company, all unless the Bank’s prior written consent to the same is received. The Bank will not unreasonably refuse at the Company’s request to provide its consent as stated.

 

b.The Company declares that the Pledged Property is in working condition. The Company undertakes to protect the Pledged Property as well as to keep the Pledged Property in working condition and to make, from time to time, the necessary repairs for its proper maintenance and to ensure that it is fit for use, and not to make changes or demolish a structure or part of a structure, and not to uproot any underground fittings without the Bank’s prior written consent. The Bank and its representatives will have the right to visit, at any time, the Pledged Property in order to examine its condition. In any case of material damage or material defect to the Pledged Property which may impact the value of the Pledged Property as a security, the Company undertakes to notify the Bank of the same within a reasonable period of time. In the event that the Company does not perform the repairs required in the Pledged Property within a reasonable period of time from the occurrence of the damage or the defect, considering the type and nature of the damage or defect, the Bank may execute the repairs as it sees fit, at the Company’s expense, provided that the damage or defect is material in the Pledged Property, and may impact the value of the Pledged Property as a collateral. The Company undertakes to reimburse the Bank, immediately upon the Bank’s request, for all of the expenses that the Bank has or will have in connection with the aforesaid repairs, in addition to lawful interest and linkage differentials as of the date on which the amounts are incurred by the Bank and until the actual full repayment thereof by the Company. All of the aforesaid expenses and the interest and linkage differentials on the same will be secured under this Debenture and will be subject to the Secured Amounts.

 

 

 

 

c.To immediately notify the Bank of any case of the imposition of an attachment on the Pledged Property and/or the Pledged Assets and/or any part thereof and to immediately notify the attachor of the pledge for the benefit of the Bank and, at the Company’s expense, immediately and without delay, to use all means for the removal of the attachment. In the event that the Company does not take measures as stated, the Bank may (but is not required to) use all of the means to remove the attachment, and the Company will be required to immediately pay the Bank all of the expenses involved in the same (including the fees of the Bank’s attorneys).

 

d.To be responsible for the accuracy and correctness of all of the signatures, assignments and details on deeds, documents and securities that are provided and/or will be provided to the Bank as collateral.

 

e.To pay, on time, all of the taxes, fees, all of the compulsory payments, various types of property tax, the lease fees and all of the other payments applicable from time to time on the Pledged Property or the Company for the Pledged Property, including insurance fees as stated in Sections 10(a) and/or 10(b) below. The Company hereby confirms and declares that it has made the payments as stated that are applicable by the signing date of this Debenture. The Company will provide the Bank, immediately upon its first request, all of the receipts and approvals related to the same payments. Without derogating from any of the Bank’s rights, in the event that the Company has not made any of the payments applicable thereto, the non-payment of which may cause material damage to the Bank, the Bank may but is not required to pay the same in its place and at the Company’s expense, provided that the Company is notified 15 days in advance of its intention to do so, excluding in cases of particular urgency on the date of the execution of the payment, in which the failure to make the payment immediately may cause material damage to the Bank. The Company undertakes to reimburse the Bank for the payment immediately upon the Bank’s first request, together with lawful interest and linkage differentials, as of the date on which it was paid by the Bank and until the full repayment thereof by the Company. All of the aforesaid expenses and payments above, including the interest on the same, will be secured under this Debenture and will be subject to the Secured Amounts.

 

 

 

 

Without derogating from the above, the Company hereby declares and undertakes as follows:

 

f.That it alone will be liable, including vis-à-vis any person, company, entity, government authority, or any third party in connection with the Pledged Property, whether directly or indirectly, including regarding matters related to environmental hazards, and it agrees that the Bank will not bear any liability in connection with the same. The Company will bear all of the expenses, damages, costs, claims and demands in connection with the Pledged Property and will indemnify the Bank for the entire amount that the Bank is required to pay for the same, if charged.

 

g.That it will immediately report to the Bank regarding the existence of environmental hazards, and regarding any demand that will be directed thereto in connection with the same, and that it will handle them in accordance with the provisions of the law and the relevant authorities, without derogating from any other undertaking under any agreement and/or under law.

 

h.Without derogating from the generality of the above, the Company declares that it is aware that all of the demands made and/or that will be made by the Bank in connection with the environmental defects related to the Company and/or the Pledged Property are intended only to secure the credit that the Bank provides and to secure the value of the Pledged Property, and that the Bank will not be liable vis-à-vis it or any other person, company, entity, government authority or third party, with any liability, in connection with the same. The Company further declares that it is aware that the Bank is not responsible for reliance that may be generated for it or any third party as a result of these requirements, and it exempts the Bank from any liability in connection with the same.

 

 

 

 

i.To manage accounting records and to permit the Bank or a representative on its behalf, at any time, to examine the books. The Company undertakes to assist the Bank or its representatives and to provide them, at their first request, with balance sheets, documents, and any information required thereby, including explanations in connection with the financial and operating condition of the Company and/or its business.

 

j.It is agreed that no change in control in the Company, compared to the condition existing on the signing date of this Debenture without the Bank’s prior written consent will constitute grounds for immediate repayment. “Control” - as defined in the Securities Law, 1968, as well as a state in which an entity from the Viola Fund Group ceases to be the sole controlling shareholder of the Company.

 

The Company will report to the Bank upon being made aware of the change of control as stated, and insofar as the change of control is not approved by the Bank, the Bank will have grounds to call for immediate repayment.

 

k.The Company is the owner of all of the intellectual property required by the Company for the purpose of its business (excluding standard shelf products) and there is no agreement based on which the intellectual property will be transferred to a third party.

 

l.To the best of its knowledge, the Company does not currently infringe and there is no proceeding against it in connection with the infringement of intellectual property rights of a third party.

 

m.

A full list of all of the intellectual property is attached as Appendix A2, and the Company will provide the Bank, in writing, with any update and/or change that will be made in the aforesaid list. Additionally, the Company will update the list of active customers every six months (customers with a positive balance or customers with which there were transactions during the past 12 months). Following the Company’s above reports, an update will be made to the pledges in the relevant registrars, and the Company will sign all of the documents accepted in connection with the same.

 

n.Without derogating from the other grounds for calling for immediate repayment in accordance with any document, it is agreed that there is if a license, consent, approval or record of any of the Company’s intellectual property rights is retracted, cancelled, suspended, or impaired and the same has a materially adverse impact on the Company, the Bank may call for immediate repayment the Secured Amounts or any part thereof.

 

 

 

 

8.During the entire term of this Debenture, the Company undertakes as follows:

 

a.Not to demand its share capital that was issued and is not yet repaid, in whole or in part, or accept payments thereon without the Bank’s written consent, and if any amounts are paid on account of the aforesaid share principal of the Company, without or without the Bank’s consent, the same amounts will be transferred immediately to the Bank and used as payment on account of the Company’s debts to the Bank.

 

b.Not to pay its shareholders in any form or manner any loan or funds that the shareholders have lent or will lend to the Company or any funds that the aforesaid have invested and/or will invest in the Company. The above will not apply to a loan that is convertible to shares of the Company, which will be repaid by way of the allocation of shares.

 

c.Not to provide its shareholders with any loan or any credit, not to guarantee for them and/or provide them with collateral without the Bank’s prior written consent.

 

d.To ensure that the shareholders that lent and/or will lend funds to the Company will undertake vis-à-vis the Bank not to demand and not to claim any funds as stated from the Company, and if for any reason, they still receive amounts from the Company - to reimburse the aforesaid amounts to the Bank in order to use them for the repayment of the Secured Amounts.

 

e.Not to purchase its shares and not to pay any dividend without the Bank’s prior written consent.

 

9. a. The Company undertakes to ensure and provide the Bank, no later than the date of the provision of the credit, with a copy of an insurance policy based on which it has insured the Pledged Property with property insurance and against any other risk demanded by the Bank, with the same insurance company, in the same amount and under the same conditions to which the Bank has agreed - all subject to the law and in accordance with the instructions of Bank of Israel. The policy will contain, inter alia, a section of pledges for the benefit of the Bank, as well as a section known as a “30 days advance notice of cancellation clause.” The Company hereby undertakes to continue to insure the Pledged Property as stated above, as long as the Credit is not repaid to the Bank in full, to pay all of the premiums on time and to provide the Bank, at its first request, with insurance certificates and references in writing of the execution of the insurance payments.

 

 

 

 

b.In each of the cases listed below, the Bank may, at its sole discretion, insure the Pledged Property on behalf of the Bank and charge the Account of the Company and/or the Debtors, as the case may be, for the insurance fee expenses. Amounts that are paid as expenses and insurance fees as stated will be secured based on this Debenture.

 

(1)If the Pledged Property is not insured to the satisfaction of the Bank.

 

(2)If the Company does not provide the Bank, by the date of the provision of the credit, with insurance certificates for the Pledged Property, to the satisfaction of the Bank.

 

(3)If 30 days prior to the end of the insurance term of the Pledged Property, the Company does not provide the Bank with insurance certificates of the Pledged Property under the conditions and for the period to its satisfaction. In the case in which the insurance is made by the Bank as stated above, the Bank will not be responsible for a defect or flaw that arises in connection with the insurance. Amounts that will be paid as expenses and insurance fees as stated will be secured under this Debenture.

 

c.All of the rights arising from property insurance as stated above, including rights under the Property Tax and Damages Fund Law, 5721-1961, as it may be in force from time to time or under any other law, whether transferred to the Bank as stated above or otherwise, are hereby pledged for the Bank with a first-ranking fixed pledge and as a lien.

 

d.The Company undertakes to notify the Bank and the insurance company, immediately, of any damage to the Pledged Property that may entitle it to insurance payments, whether the insurance was made by the Company or by the Bank. The Bank may sue from the insurance company for the exercise of the right to insurance payments in accordance with Sections 9, 20 and 22 of the Pledge Law, 1967 and/or any other law that shall replace or amend it.

 

 

 

 

e.The Company undertakes to sign, at the first request of the Bank, all of the requests, documents, and certificates that are required or desirable for the execution of the undertakings of the Company that are included in this section. Additionally, the Company undertakes not to cancel or change in any manner any of the aforesaid insurance terms without the Bank’s prior written consent.

 

10. a. The collateral provided to the Bank under this Debenture shall be of a continuous nature despite the arrangement of accounts or any account of the Company and/or Debtors and will remain in force until the Bank confirms in writing that this Debenture has terminated.

 

b.Where the Bank was or will be provided with collateral or guarantees for payment of the Secured Amounts, all of the collateral and guarantees will be independent of each other.

 

c.Where the Bank will settle or provide an extension or easement to the Company, the Bank will change the undertakings of the Company in connection with the Secured Amounts, will release or waive the other securities or guarantees - these will not change the nature of the collateral utilized under this Debenture, and all of the securities and undertakings of the Company under this Debenture will remain in full force.

 

11.Rights of the Bank

 

a.In this section - “Asset” - Of any type or kind, including funds, in Israel currency or foreign currency, securities and rights, and including funds that the State or any other entity has provided or will provide to the Bank in any manner for the Company, as well as including an asset as stated that is provided and/or will be provided by the Company or for it to the Bank for collection and/or safekeeping and/or as a security and/or in any other manner, including the consideration for the same assets.

 

 

 

 

b.The Bank will have a lien right on any asset owed and/or that will be owed to the Company from the Bank in any manner and from any source, and in any account, whether the account is registered in the name of the Company alone or in the name of the Company together with others, as well as assets that are and/or will be held by the Bank for the Company at any time, and the Bank any, at any time required in the opinion of the Bank to maintain its rights, based on its experience, as reasonable under the circumstances, notify the Company of the same in advance, withhold an asset as stated until the clearance of all of the amounts of money owed or that will be owed to the Bank from the Company and that are not yet cleared from the Secured Amounts. With regard to amounts that are not yet due to be paid, the Bank may operate its right under this section as stated above, only where there is a reasonable concern that the Company and/or the Debtors, as the case may be, will not meet their undertakings vis-à-vis the Bank.

 

c.The Bank will have the right to prevent the Company from withdrawing credit balances that are available thereto in any account, whether the account is registered in the name of the Company alone or in the name of the Company together with others, as well as credit balances that are and/or will be in the possession of the Bank for the Company at any time, while the Company and/or the Debtors owe funds to the Bank and the Bank believes that the withdrawal of the aforesaid credit balances may harm the Bank’s rights.

 

d.Without derogating from the above, the Bank may offset, at any time, any credit balance of the Company (as set forth in Section 11.3 above) against the Secured Amounts whose payment dates have elapsed, including following the calling for immediate repayment, and the credit balance will be used for the clearance of the Secured Amounts. The Bank will make an attempt, insofar as reasonable under the circumstances, to notify the Company of the same in advance. In order to execute the above, the Bank may take all of the legal or other measures as the Bank shall deem fit under the circumstances.

 

Additionally, the Bank may redeem deposits of the Company that have not yet matured while offsetting them against the Secured Amounts whose payment dates have elapsed, including following calling for immediate repayment in accordance with the terms of any agreement between the Company and the Bank. The Company is aware that in such a case, adverse changes may occur to the Company regarding its rights for the same deposit, such as for loss of interest and loss of a right to grants and the Company will not have any claim against the Bank in this regard.

 

 

 

 

12.

 

a.Any amount of money that is cleared for the Bank on account of credit and/or an amount that the Bank charges the Account of the Company and/or the Debtors for credit, will be charged for the credit of the Credit Account with the following order of priorities: first for the clearance of the expenses incurred as a result of the exercise of this pledge, and thereafter for the clearance of the other expenses, bank charges, and interest that are owed to the Bank, including additional amounts following linkage of the interest, and subsequently for clearance on account of the principal of the credit for amounts that are due to be paid, including additional amounts for linkage of the principal of the credit.

 

b.Subject to subsection a above, the Bank may, at any time, at its discretion:

 

1.Charge any account of the Company for any amount owed from the Company and/or the Debtors to the Bank.

 

2.If necessary, transfer any amount provided for the benefit of the Company in any account, to any other account.

 

13.Considering that the amounts owed and that will be owed to the Bank from the Company and/or the Debtors on account of the Secured Amounts may be both in Israeli currency or in foreign currency, it is hereby declared and agreed that the Bank and the Receiver - as the case may be - may convert Israeli currency that is provided to them to foreign currency required for the full or partial clearance of the Secured Amount owed to the Bank in foreign currency, and convert foreign currency provided to them to Israeli currency, in accordance with the maximum rate for transfers and assignments existing at the Bank upon the purchaser, which is required for the clearance of any amount, or to sell any foreign currency of the Customer in accordance with the minimum rate for transfers and assignments existing at the Bank upon the sale, and to use the consideration from the sale for the purchase of a different foreign currency at which the credit is provided, which will be required for the clearance of any amount. Any purchase or sale as stated will be made (if any) from the amounts in foreign currency or amounts in Israeli currency that are available at the Bank for the benefit of the Company and/or the Debtors, or that are received from the collateral.

 

 

 

 

14. a. In each of the cases granting the Bank a right to call the Secured Amounts for immediate repayment, based on any document signed and/or that will be signed by the Company and/or the Debtors, the Bank may use any means that it deems fit, subject to any law, in order to collect all of the Secured Amounts, exercise the collateral in any manner permitted by law and exercise all of its rights under this Debenture, including the exercise of the Pledged Property, in whole or in part, and use the redemption thereof to clear the Secured Amounts, without the Bank being required to exercise guarantees or other collateral, if any exists at the Bank. Additionally, the Bank may take, at the Bank’s discretion, any remedy allocated and/or granted to the Bank under any agreement or law, including enforcement or termination, in whole or in part, of any agreement between the Bank and the Company and/or the Debtors and/or the receipt of damages from the Company and/or the Debtors.

 

For the avoidance of doubt, it is clarified that the immediate repayment of the Secured Amounts will be made in accordance with the agreements signed by the Company and the Bank.

 

b.In addition to the provisions of subsection (a) above, the Company will pay the Bank, as liquidated damages assessed in advance, for any loss or damage incurred to the Bank as a result of calling from immediate repayment - an amount equal to the total of all of the amounts that the Bank typically collects as early repayment, as may be customary from time to time at the Bank, or an amount that the Bank is permitted to collect as an early repayment fee under law and/or based on the instructions of Bank of Israel, whichever is higher.

 

c.Any receiver and/or special manager and/or business manager and/or liquidator and/or trustee appointed at the request of the Bank, in cases as stated in Section 14(a) above, may, inter alia, and subject to the approval of the court, Execution Bureau, or any other competent authority:
   
(1)Take possession of the Pledged Property, in whole or in part.
   
(2)Manage the business of the Company or participate in its conduct as it deems fit.

 

(3)Sell or lease and/or agree to sell or lease the Pledged Property in whole or in part or transfer it in any other manner under the conditions as it sees fit.

 

 

 

 

(4)Make any other arrangement regarding the Pledged Property, in whole or in part.

 

15.All of the income received by the Receiver and the manager from the Pledged Property and any consideration received by the Bank and/or by the Receiver and the manager from the sale of the Pledged Property or part thereof will be charged:

 

a.First for the clearance of all of the expenses incurred in connection with the collection of the Secured Amounts, including expenses of the Receiver or the Receiver and manager, and its fees in the rate determined by the Bank.

 

b.Second, for the clearance of the additional amounts owed to the Bank following the terms of linkage, interest, damages, fees and expenses owed or that will be owed to the Bank under this Debenture.

 

c.Third, to clear the principal of the Secured Amounts.

 

16.In the case in which, upon the exercise of the Pledged Property, the payment date of the Secured Amounts has not yet elapsed, or the Secured Amounts will be owed to the Bank conditionally only, the Bank may collect, from the redemption of the exercise, an amount sufficient to cover the Secured Amounts, and the amount that will be collected will be pledged to the Bank to secure them, and will be held by the Bank until the clearance thereof.

 

The provision of the pledge under this deed will not derogate from or detract from the rights of the Bank and/or undertaking of the Company under other documents, of any kind, which were signed and/or will be signed by the Company vis-à-vis the Bank.

 

17.Where either of the parties does not use, in a particular case, any of its rights under this Debenture, the same will not be considered to be a waiver on its part of the same rights, regarding the specific case, or regarding cases that occur subsequently. No waiver or settlement, including regarding the payment dates, will be valid unless provided in writing.

 

No waiver that the Bank provides to any party to a deed held by the Bank under this Debenture will impact the undertakings of the Company in any form or manner.

 

18.Deleted.

 

 

 

 

19.The Bank Records and its Accounts will serve as admissible evidence against the Company for all of the details thereof, and inter alia, with respect to the calculation of the Secured Amounts, the details of the deeds and guarantees and the other securities, and any other matter related to this Debenture.

 

The term “Bank Records” shall mean - including any book, registrar, account statement, microfiche, copy or photocopy of an account statement, contract, letter of undertaking, deed, data card, index, spreadsheet, output, document or extract issued from computerized databases of the Bank or any electronic, electrical, optical or computerized means in which data is registered or stored, as well as any other means customary at the Bank for the registration or storage of data, and any other approved copy of a document or output as stated.

 

The term “Accounts” shall mean - any record or copy of a record, whether registered or copied in writing or by machine or recorded or copied by way of printing, duplication, photocopy, including microfiche or any technical electrical or electronic device, including as means of recorded accepted in the data processing industry or the electronic computers industry or any other means of recording or the presentation of words or literature or marking, as practiced and/or customary at the Bank.

 

20.The Bank may, subject to the provisions of any law, transfer at any time its rights under this Debenture, or any part thereof, including the Secured Amounts, or grant its rights in full or in part to a third party, without the receipt of additional consent of the Company. Additionally, the transferee, subject to the provisions of any law, may also transfer all of the rights that are transferred thereto under this Debenture or any part thereof.

 

21.The Bank may deposit the collateral provided or that will be provided under this Debenture or part thereof, with a guardian at its discretion, on account of the Debtors, and replace the guardian from time to time, such that the Bank may record the aforesaid collateral, in whole or in part, with any competent authority under any law.

 

 

 

 

22. a. The granting of this Debenture will not derogate from the right of the Bank to collect the Secured Amounts in a manner other than through the exercise of this Debenture.

 

b.The exercise of this Debenture will not derogate from the right of the Bank to collect from the Company and/or the Debtors the balance of the Secured Amounts in a manner other than through the exercise of this Debenture.

 

23.In this Debenture:

 

a.Bank” shall mean - Mizrahi Tefahot Bank Ltd. and any of its branches existing on the date of this Debenture and/or that is opened in any place in the future, as any party on behalf of the Bank or in its place.

 

b.Deeds” shall mean - promissory notes, bills of exchange, checks, undertakings, guarantees, securities, checks, bills of lading, bills of deposit and any other marketable documents.

 

c.Law” - as defined in the Interpretation Law, 1981, including any law, regulation, order, instruction, license, permit, standard, demand, or request of a government authority, including provisions, permits and instructions of Bank of Israel, all as applicable and will be in force from time to time.

 

d.environmental hazards” - hazards in the field of environmental protection, in the broadest accepted form of this term, including harm to the public health, related to the Company and/or the Pledged Property and including, without derogating from the generality of the above, air and atmospheric pollution, water pollution, including groundwater, ocean water, land pollution, noise, smell, ionizing and non-ionizing radiation, waste and hazardous materials. Additionally, hazards for which there are instructions and requirements in the framework of business licensing and construction planning, the instructions of local authorities, the Ministry for Environmental Protection, the Ministry of Energy and Water, including the Water Authority, Ministry of Health, Minister of Interior, and Planning and Construction Committees and/or any other relevant authority (hereinafter: the “Relevant Authorities”).

 

e.The preamble to this Debenture constitutes an integral part hereof.

 

f.Where this Debenture is signed by two or more, the signing parties will be jointly and severally liable for the fulfillment of all of the undertakings under the Debenture.

 

 

 

 

g.The “Base Index” - regarding the principal amount: the Consumer Price Index that is most recently published prior to the signing of the Debtors on this Debenture. Regarding any of the charges and expenses: the Consumer Price Index published most recently before the execution of the charge or payment of expenses by the Bank.

 

h.The “New Index” - the Consumer Price Index published most recently before the actual payment date by the Debtors of any amount.

 

i.The “Base Rate” - regarding the principal amount: the exchange rate on the date on which the Company signs this Debenture. Regarding any of the charges and expenses: the exchange rate on the date of the execution of the charge or payment of expenses by the Bank.

 

j.The “New Rate” - the exchange rate on the actual payment date by the Company of any amount.

 

24.Any notice that is sent by the Bank to the Company and/or the Debtors based on any address set forth in this Debenture or any other address of which the Company and/or the Debtors notifies and/or will provide notice, as the case may be, to the Bank in writing - will be considered to have been sent and received thereby on time in accordance with the ordinary mail arrangements, unless proven otherwise. A written declaration from the Bank will serve as admissible evidence regarding the time and delivery of the notice.

 

25.The place of jurisdiction for the purpose of this Debenture is hereby determined to be a competent court of Israel.

 

26.The law that shall apply to this document and its interpretation will be the Israeli law.

 

27.Special conditions:
___________________________________________________________________
___________________________________________________________________
___________________________________________________________________

 

In witness whereof, the Company affixes its signature:

 

 

  /s/ Itamar Medical Ltd.
  The Company

 

 

 

 

Appendix A

to the Secured Debenture

 

      Asset Number Description Purchase Date Activation Date Sale Date Consideration from Sale Sale Code Starting Cost Grants Offset 96 Changes Total
Cost
Depreciation Accrued at Start of Period Depreciation Percentage Depreciation for Period Total Depreciation After Sales Balance for Depreciation
Group: 0                                    
      998   04/21/2009 04/21/2009       - - -   - - - - - -
      1342   02/02/2017 02/02/2017         - - - - - - - - -
      1203   10/14/2014 10/14/2014       - - -   - - - - - -
Total Group: 0               - - - - - -   - - -
Group: 1 - Office Equipment.                                    
      1009 Bezeq International - Switchboard 06/01/2009 06/01/2009       61,349 - -   61,349 61,349 15.00 - 61,349 -
      1274 TotalTech - Table 11/01/2015 11/01/2015       2,950 - -   2,950 241 7.00 52 293 2,657
      987 StatiTech - Furniture 03/09/2009 03/09/2009       30,794 - -   30,794 16,839 7.00 539 17,378 13,416
      988 Tami 4 - 3 units 03/12/2009 03/12/2009       7,766 - -   7,766 7,766 15.00 - 7,766 -
      848 Conference Table 03/20/2007 03/20/2007       1,360 - -   1,360 931 7.00 24 955 405
      1001 OGL - chairs 04/06/2009 04/06/2009       5,538 - -   5,538 2,999 7.00 97 3,096 2,442
      1020 Bezeq International - Switchboard 10/01/2009 10/01/2009       8,620 - -   8,620 8,620 15.00 - 8,620 -
      1008 Switchboard cancellation (932-934) 01/01/2009 01/01/2009       (70,044) - -   (70,044) (70,044) 15.00 - (70,044) -
      986 Lior Shemer - Furniture 02/23/2009 02/23/2009       61,836 - -   61,836 33,984 7.00 1,082 35,066 26,770
      1012 Alon & Sons Curtains 07/26/2009 07/26/2009       6,575 - -   6,575 3,421 7.00 115 3,536 3,039
      1013 Fair Service-Air Conditioner 08/18/2009 08/18/2009       12,835 - -   12,835 12,835 15.00 - 12,835 -
      1019 Fair Service-Air Conditioner 10/01/2009 10/01/2009       1,150 - -   1,150 1,150 15.00 - 1,150 -
      1254 Y. Pepper-Coffee Machine 07/08/2015 07/08/2015       37,800 - -   37,800 8,398 15.00 1,418 9,816 27,984
      1002 Paltechnics - chairs 04/22/2009 04/22/2009       14,280 - -   14,280 7,689 7.00 250 7,938 6,342
      979 Odelia - 2 Minibars 01/11/2009 01/11/2009       1,330 - -   1,330 1,330 15.00 - 1,330 -
      870 Ikea - chair 09/04/2007 09/04/2007       2,048 - -   2,048 1,337 7.00 36 1,372 675
      953 StatiTech - Microwave 10/01/2008 10/01/2008       7,695 - -   7,695 7,695 15.00 - 7,695 -
      863 OfficeDepot - Cabinet 06/18/2007 06/18/2007       1,585 - -   1,585 1,058 7.00 28 1,086 499
      861 Paltechnics - 9 chairs 07/08/2007 07/08/2007       10,818 - -   10,818 7,180 7.00 189 7,369 3,449
      1299 Strauss Tami 4 water bar 05/09/2016 05/09/2016       3,662 - -   3,662 236 10.00 92 328 3,334
      1275 Lior Shemer - Furniture 11/09/2015 11/09/2015       13,132 - -   13,132 902 6.00 197 1,099 12,033
      1291 Entry Sign 02/10/2016 02/10/2016       12,500 - -   12,500 1,114 10.00 313 1,426 11,074
      1276 Ikea-Sofas 11/23/2015 11/23/2015       3,970 - -   3,970 263 6.00 60 323 3,647
      980 Bar Chairs - 10 chairs 01/12/2009 01/12/2009       2,900 - -   2,900 1,618 7.00 51 1,669 1,231
      981 Keter Plastic - chairs 01/31/2009 01/31/2009       4,104 - -   4,104 2,289 7.00 72 2,361 1,743
      983 Pinchas - Dishwasher 01/15/2009 01/15/2009       4,000 - -   4,000 4,000 15.00 - 4,000 -
      984 Sinal 01/21/2009 01/21/2009       4,450 - -   4,450 4,450 15.00 - 4,450 -
      985 Bezeq International - Switchboard 02/11/2009 02/11/2009       13,928 - -   13,928 13,928 15.00 - 13,928 -
      1044 New Office-chairs 08/23/2010 08/23/2010       9,083 - -   9,083 4,042 7.00 159 4,201 4,882
      860 Paltechnics - chair 07/08/2007 07/08/2007       1,202 - -   1,202 798 7.00 21 819 383
      1225 New Office-15 chairs 01/29/2015 01/29/2015       9,916 - -   9,916 1,336 7.00 174 1,510 8,406
      1163 Lior Shemer - Furniture 03/11/2014 03/11/2014       8,005 - -   8,005 1,573 7.00 140 1,713 6,292
      1156 Lior Shemer - Furniture 11/18/2013 11/18/2013       7,255 - -   7,255 1,584 7.00 127 1,711 5,544
      1178 Titanus-projector 07/21/2014 07/21/2014       2,224 - -   2,224 816 15.00 83 899 1,324
      1189 Getter-lab table 08/27/2014 08/27/2014       12,372 - -   12,372 2,032 7.00 217 2,249 10,123
      1121 New Office-chairs 06/13/2012 06/13/2012       7,448 - -   7,448 2,372 7.00 130 2,503 4,946
      1205 ArtCore - production furnace 08/05/2014 10/01/2014       38,000 - -   38,000 12,825 15.00 1,425 14,250 23,750
      1120 Doortech - lockers 06/12/2012 06/12/2012       9,132 - -   9,132 2,910 7.00 160 3,070 6,062
      1119 Keter Plastic - chairs 06/07/2012 06/07/2012       3,360 - -   3,360 1,074 7.00 59 1,133 2,227
      1118 El Av Dehumidifier (for compressor) 06/03/2012 06/03/2012       6,000 - -   6,000 4,120 15.00 225 4,345 1,655
      1117 StatiTech - lab tables 05/16/2012 05/16/2012       20,034 - -   20,034 6,488 7.00 351 6,839 13,196
      1114 Ranim - dishwasher 05/22/2012 05/22/2012       10,250 - -   10,250 5,038 10.00 256 5,294 4,956
      1113 Ikea-dining room chairs 05/16/2012 05/16/2012       3,349 - -   3,349 1,085 7.00 59 1,143 2,206
      1024 Hermonit-air conditioner 01/10/2010 01/10/2010       28,900 - -   28,900 28,900 15.00 - 28,900 -
      1106 StatiTech-2 carts 01/01/2012 01/01/2012       1,990 - -   1,990 1,493 15.00 75 1,567 423
      935 MZG - shredder 09/19/2008 09/19/2008       2,250 - -   2,250 1,864 10.00 56 1,920 330
      1101 OGL - 12 chairs 11/15/2011 11/15/2011       11,880 - -   11,880 4,264 7.00 208 4,472 7,408
      1097 OGL-chairs 10/10/2011 10/10/2011       12,608 - -   12,608 4,612 7.00 221 4,833 7,775
      1 4 Telephone lines 03/23/1997 03/23/1997       2,153 - -   2,153 2,153 10.00 - 2,153 -
      1085 Lior Shemer - Furniture 06/20/2011 06/20/2011       11,260 - -   11,260 4,359 7.00 197 4,556 6,704
      729 Server (Bezeq Intl.) 05/20/2005 05/20/2005       6,925 - -   6,925 6,925 15.00 - 6,925 -
      726 Wireless headset system with boom 06/16/2005 06/16/2005       2,051 - -   2,051 2,051 15.00 - 2,051 -
      725 Call Router 03/31/2005 03/31/2005       6,297 - -   6,297 6,297 15.00 - 6,297 -
      713 Additions to Alarm System 01/01/2005 01/01/2005       1,714 - -   1,714 1,714 15.00 - 1,714 -
      792 22 Keren high backed chairs 07/03/2006 07/03/2006       8,973 - -   8,973 6,592 7.00 157 6,749 2,224
      793 Chair Upholstery 07/26/2006 07/26/2006       14,841 - -   14,841 10,838 7.00 260 11,098 3,743
      809 Paper Shredder 09/12/2006 09/12/2006       4,000 - -   4,000 4,000 10.00 - 4,000 -
      810 2 Chairs 10/23/2006 10/23/2006       1,634 - -   1,634 1,166 7.00 29 1,194 440
      814 Warehouse Carts 12/17/2006 12/17/2006       11,866 - -   11,866 11,866 10.00 - 11,866 -
      1110 StatiTech - lab tables 02/19/2012 02/19/2012       10,550 - -   10,550 3,593 7.00 185 3,777 6,773
Group: 1 - Office Equipment.                                    
      60 Digital Camera 07/09/2000 07/09/2000       1,572 - -   1,572 1,572 15.00 - 1,572 -
      934 Bezeq Intl. - Switchboard 08/31/2008 08/31/2008       5,711 - -   5,711 5,711 15.00 - 5,711 -
      34 Projector 01/14/1999 01/14/1999       17,562 - -   17,562 17,562 15.00 - 17,562 -
      35 Sony Battery 01/27/1999 01/27/1999       1,629 - -   1,629 1,629 15.00 - 1,629 -
      38 Tal Mir Equipment 03/15/1999 03/15/1999       56 - -   56 56 10.00 - 56 -
      39 Differences 04/30/1999 04/30/1999       33 - -   33 33 10.00 - 33 -
      44 Multi-compartment rack 07/29/1999 07/29/1999       2,136 - -   2,136 2,136 7.00 - 2,136 -
      45 Cabinet 08/02/1999 08/02/1999       2,166 - -   2,166 2,166 7.00 - 2,166 -
      89 Compressor 03/18/2003 03/18/2003       2,664 - -   2,664 2,664 10.00 - 2,664 -
      50 Employee Chair 12/01/1999 12/01/1999       5,276 - -   5,276 5,276 7.00 - 5,276 -
      25 Paper Shredder 10/13/1998 10/13/1998       1,950 - -   1,950 1,950 15.00 - 1,950 (0)
      67 Business Card Scanner 10/30/2000 10/30/2000       2,256 - -   2,256 2,256 15.00 - 2,256 -
      84 4000t HP toner 09/16/2001 09/16/2001       1,140 - -   1,140 1,140 10.00 - 1,140 -
      85 Hermon Asher - Storage Equipment 02/10/2002 02/10/2002       1,761 - -   1,761 1,761 10.00 - 1,761 -
      1325 ALM Office Refrigerator 10/06/2016 10/06/2016       2,223 - -   2,223 53 10.00 56 108 2,115
      86 Cabinet 04/14/2002 04/14/2002       2,221 - -   2,221 2,221 7.00 - 2,221 -
      87 2 wooden filing cabinets 10/21/2002 10/21/2002       2,500 - -   2,500 2,484 7.00 16 2,500 -
      1322 Sayag Carpentry - Conference Room Furniture 10/19/2016 10/19/2016       16,000 - -   16,000 323 10.00 400 723 15,277
      88 Pioneer DVD 02/19/2003 02/19/2003       1,686 - -   1,686 1,686 15.00 - 1,686 -
      46 Multi-compartment rack 08/05/1999 08/05/1999       618 - -   618 618 7.00 - 618 -
      14 5 Chairs 08/03/1998 08/03/1998       6,638 - -   6,638 6,638 7.00 - 6,638 -
      2 Spiral Machine 04/05/1997 04/05/1997       679 - -   679 679 10.00 - 679 -
      3 Table and Cabinet 05/14/1997 05/14/1997       2,722 - -   2,722 2,722 7.00 - 2,722 -
      4 Answering Machine 06/03/1997 06/03/1997       184 - -   184 184 15.00 - 184 -
      5 Overhead Projector 07/02/1997 07/02/1997       1,499 - -   1,499 1,499 15.00 - 1,499 -
      6 Voice Memo 10/06/1997 10/06/1997       279 - -   279 279 15.00 - 279 -
      9 Communications Equipment 07/29/1998 07/29/1998       685 - -   685 685 10.00 - 685 -
      10 Locks 07/30/1998 07/30/1998       513 - -   513 513 10.00 - 513 -
      11 2 Tables 08/03/1998 08/03/1998       4,360 - -   4,360 4,360 7.00 - 4,360 -
      29 Idan Furniture 12/08/1998 12/08/1998       3,490 - -   3,490 3,490 7.00 - 3,490 -
      13 2 Drawers 08/03/1998 08/03/1998       2,152 - -   2,152 2,152 7.00 - 2,152 -
      26 Office Furniture 10/14/1998 10/14/1998       20,240 - -   20,240 20,240 7.00 - 20,240 -
      15 3 Drawers 08/03/1998 08/03/1998       5,592 - -   5,592 5,592 7.00 - 5,592 -
      16 3 filing cabinets 08/03/1998 08/03/1998       2,984 - -   2,984 2,984 7.00 - 2,984 -
      17 Communications Equipment 08/31/1998 08/31/1998       650 - -   650 650 10.00 - 650 -
      19 Fax 09/17/1998 09/17/1998       3,580 - -   3,580 3,580 15.00 - 3,580 -
      1346 2 Strauss water devices 02/22/2017 02/22/2017         - - 5,908 5,908 - 10.00 62 62 5,846
      20 Wicker Furniture 09/17/1998 09/17/1998       2,240 - -   2,240 2,240 15.00 - 2,240 -
      21 Aluminum Board 09/27/1998 09/27/1998       400 - -   400 400 10.00 - 400 -
      31 Supplement to wicker furniture account 12/09/1998 12/09/1998       453 - -   453 453 7.00 - 453 -
      12 2 Computer Tables 08/03/1998 08/03/1998       2,163 - -   2,163 2,163 7.00 - 2,163 -
      903 OfficeDepot - All-in-One machine 01/17/2008 01/17/2008       755 - -   755 755 15.00 - 755 -
      916 Crystal - Freezer 06/26/2008 06/26/2008       1,463 - -   1,463 1,463 15.00 - 1,463 -
      931 Guy 2 - Trolley/Cart 07/14/2008 07/14/2008       1,070 - -   1,070 906 10.00 27 933 138
      1313 Office curtains 09/12/2016 09/12/2016       5,295 - -   5,295 96 6.00 79 176 5,119
      1314 10 chairs - New Office 09/27/2016 09/27/2016       6,397 - -   6,397 100 6.00 96 196 6,200
      915 3 - DataSafe IP cameras 04/01/2008 04/01/2008       3,717 - -   3,717 3,717 15.00 - 3,717 -
      99 Air Conditioner 12/13/2004 12/13/2004       6,330 - -   6,330 6,330 15.00 - 6,330 -
      98 Telephone Switchboard Adapter (Pele) 03/23/2004 03/23/2004       1,300 - -   1,300 1,300 10.00 - 1,300 -
      97 2 Chairs 01/01/2004 01/01/2004       1,640 - -   1,640 1,492 7.00 29 1,521 119
      96 Toshiba Projector 01/01/2004 01/01/2004       4,852 - -   4,852 4,852 10.00 - 4,852 -
      28 Brass Plaque 12/07/1998 12/07/1998       6,704 - -   6,704 6,704 7.00 - 6,704 -
      93 Cellphone (for Leon) 09/22/2003 09/22/2003       1,603 - -   1,603 1,603 10.00 - 1,603 -
      932 Bezeq Intl. - Switchboard 08/31/2008 08/31/2008       20,475 - -   20,475 20,475 15.00 - 20,475 -
      90 Timeclock 04/28/2003 04/28/2003       3,208 - -   3,208 3,208 15.00 - 3,208 -
      92 Shelves 08/05/2003 08/05/2003       3,357 - -   3,357 3,150 7.00 59 3,209 148
      933 Bezeq Intl. - Switchboard 08/31/2008 08/31/2008       43,858 - -   43,858 43,858 15.00 - 43,858 -
Total Group: 1 - Office Equipment.               801,142 - - 5,908 807,049 509,168   10,406 519,574 287,476
Group: 2 - R&D equipment                                    
      1134 Wolfson Silicone-containers 02/25/2013 02/25/2013       6,300 - -   6,300 3,634 15.00 236 3,870 2,430
      867 Gelman - TOP PATE SPONGE 08/31/2007 08/31/2007       850 - -   850 850 15.00 - 850 -
      865 RMS Multimeter - RDT 07/22/2007 07/22/2007       3,340 - -   3,340 3,340 15.00 - 3,340 -
      227 Memory+Disc 04/05/2001 04/05/2001       5,915 - -   5,915 5,915 33.00 - 5,915 -
      222 Segem Hub 03/22/2001 03/22/2001       1,150 - -   1,150 1,150 33.00 - 1,150 -
      223 Segem DVD burner 03/26/2001 03/26/2001       2,636 - -   2,636 2,636 33.00 - 2,636 -
      221 DVD Media L 03/05/2001 03/05/2001       7,750 - -   7,750 7,750 33.00 - 7,750 -
      224 Segem Disc 03/28/2001 03/28/2001       863 - -   863 863 33.00 - 863 -
      225 Segem Keyboard 03/29/2001 03/29/2001       213 - -   213 213 33.00 - 213 -
      873 PROTECTRVE 10/01/2007 10/01/2007       1,494 - -   1,494 1,494 15.00 - 1,494 -
      228 Omnitech cellular battery 04/15/2001 04/15/2001       2,207 - -   2,207 2,207 33.00 - 2,207 -
      232 700/80A CDR - NCR Mitwu 06/27/2001 06/27/2001       1,380 - -   1,380 1,380 15.00 - 1,380 -
      230 Storage Box 05/31/2001 05/31/2001       310 - -   310 310 7.00 - 310 -
      868 Gelman - Cutting Device Mechanism 08/31/2007 08/31/2007       1,360 - -   1,360 1,360 15.00 - 1,360 -
      231 Arrow Rapak 06/19/2001 06/19/2001       242 - -   242 242 15.00 - 242 -
      220 Burner 02/26/2001 02/26/2001       2,250 - -   2,250 2,250 33.00 - 2,250 -
      209 19” Screen 08/28/2000 08/28/2000       2,335 - -   2,335 2,335 33.00 - 2,335 -
      233 D-ROM*52 Drive +I9510 Burner 07/08/2001 07/08/2001       623 - -   623 623 15.00 - 623 -
      234 Computer 07/31/2001 07/31/2001       5,909 - -   5,909 5,909 33.00 - 5,909 -
      872 Gelman - Label Machine Parts 07/30/2007 07/30/2007       20,088 - -   20,088 20,088 15.00 - 20,088 -
      229 Omnitech Memory 04/17/2001 04/17/2001       421 - -   421 421 33.00 - 421 -
      203 MATLAB 05/17/2000 05/17/2000       31,050 - -   31,050 31,050 15.00 - 31,050 -
      193 PC/W95 Computer 10/19/1999 10/19/1999       11,432 - -   11,432 11,432 33.00 - 11,432 -
      881 Oil-less filter and heads 11/09/2007 11/09/2007       4,790 - -   4,790 4,790 15.00 - 4,790 -
      194 SGM UITIMATE 12/14/1999 12/14/1999       17,664 - -   17,664 17,664 15.00 - 17,664 -
      1157 Erentel Elect. - ED test device 12/29/2013 12/29/2013       37,392 - -   37,392 16,872 15.00 1,402 18,274 19,118
      879 REWORK PRESSURE 11/04/2007 11/04/2007       1,400 - -   1,400 1,400 15.00 - 1,400 -
      213 4 Aluminum Containers 11/30/2000 11/30/2000       31,569 - -   31,569 31,569 15.00 - 31,569 -
      214 Container 11/30/2000 11/30/2000       12,300 - -   12,300 12,300 15.00 - 12,300 -
      199 Matlab-Omicron 02/13/2000 02/13/2000       9,144 - -   9,144 9,144 15.00 - 9,144 -
      200 Express-Systems 02/29/2000 02/29/2000       87,046 - -   87,046 87,046 15.00 - 87,046 -
      210 UPS 08/31/2000 08/31/2000       4,212 - -   4,212 4,212 33.00 - 4,212 -
      202 3 Computers 04/12/2000 04/12/2000       14,904 - -   14,904 14,904 33.00 - 14,904 -
      219 UPS 02/25/2001 02/25/2001       4,085 - -   4,085 4,085 33.00 - 4,085 -
      204 Mobile Computer 05/24/2000 05/24/2000       9,889 - -   9,889 9,889 33.00 - 9,889 -
      205 Aluminum Containers 05/31/2000 05/31/2000       33,036 - -   33,036 33,036 15.00 - 33,036 -
      207 Aluminum Containers 07/31/2000 07/31/2000       13,464 - -   13,464 13,464 15.00 - 13,464 -
      905 Gelman Industries - Clamp 03/19/2008 03/19/2008       3,700 - -   3,700 3,700 15.00 - 3,700 -
      876 REWORK STATION 10/01/2007 10/01/2007       999 - -   999 999 15.00 - 999 -
      1109 Omnetics - Containers 02/13/2012 02/13/2012       22,278 - -   22,278 16,315 15.00 835 17,150 5,128
      1142 Wolfson Silicone 04/17/2013 04/17/2013       2,500 - -   2,500 1,390 15.00 94 1,483 1,017
      1140 Wolfson Silicone-containers 04/01/2013 04/01/2013       1,900 - -   1,900 1,069 15.00 71 1,140 760
      1139 Wolfson Silicone-containers 04/01/2013 04/01/2013       2,500 - -   2,500 1,406 15.00 94 1,500 1,000
      218 Hub+Memory 02/22/2001 02/22/2001       1,032 - -   1,032 1,032 33.00 - 1,032 -
      201 Mobile Computer 04/12/2000 04/12/2000       14,716 - -   14,716 14,716 33.00 - 14,716 -
      1035 Avdor-Solder 04/25/2010 04/25/2010       1,305 - -   1,305 1,305 15.00 - 1,305 -
      238 Backup tape and cleaning tape 12/12/2001 12/12/2001       3,006 - -   3,006 3,006 33.00 - 3,006 -
      778 3 Presentation Bases 05/22/2006 05/22/2006       5,122 - -   5,122 5,122 15.00 - 5,122 -
      714 Compressor & Air Dehumidifier 02/27/2005 02/27/2005       9,675 - -   9,675 9,675 15.00 - 9,675 -
      970 OBT Global 10/01/2008 10/01/2008       29,414 - -   29,414 29,414 15.00 - 29,414 -
      971 OBT Global 10/01/2008 10/01/2008       3,763 - -   3,763 3,763 15.00 - 3,763 -
      972 IPU - Containers 10/01/2008 10/01/2008       12,818 - -   12,818 12,818 15.00 - 12,818 -
      973 IPU - Containers 10/01/2008 10/01/2008       30,124 - -   30,124 30,124 15.00 - 30,124 -
      1051 Tel Mir-Anchor 09/15/2010 09/15/2010       1,162 - -   1,162 1,097 15.00 44 1,141 21
      974 Bina Industries - Containers 10/31/2008 10/31/2008       9,825 - -   9,825 9,825 15.00 - 9,825 -
      846 Chipsets 03/27/2007 03/27/2007       1,467 - -   1,467 1,467 15.00 - 1,467 -
      1045 Horizon Elec.-Power Supply 07/25/2010 07/25/2010       2,094 - -   2,094 2,094 33.00 - 2,094 -
      769 FUNCTION GENERATOR 03/01/2006 03/01/2006       5,453 - -   5,453 5,453 15.00 - 5,453 -
      829 Printer 02/27/2007 02/27/2007       2,932 - -   2,932 2,932 33.00 - 2,932 -
      904 Bina Industries 01/30/2008 01/30/2008       10,938 - -   10,938 10,938 15.00 - 10,938 -
Group: 2 - R&D equipment                                    
      837 Laboratory Equipment - Thimbles 01/30/2007 01/30/2007       1,272 - -   1,272 1,272 15.00 - 1,272 -
      1006 Classi-Tech Containers 04/01/2009 04/01/2009       23,414 - -   23,414 23,414 15.00 - 23,414 -
      842 Basic R&D Plate 04/11/2007 04/11/2007       1,033 - -   1,033 1,033 15.00 - 1,033 -
      843 Digital Meter 02/01/2007 02/01/2007       5,854 - -   5,854 5,854 15.00 - 5,854 -
      844 Lab Table 03/28/2007 03/28/2007       1,171 - -   1,171 1,171 15.00 - 1,171 -
      192 Pentium 10/17/1999 10/17/1999       17,891 - -   17,891 17,891 33.00 - 17,891 -
      854 Lab Equipment 06/10/2007 06/10/2007       2,753 - -   2,753 2,753 15.00 - 2,753 -
      206 Silicone Containers 06/27/2000 06/27/2000       2,020 - -   2,020 2,020 15.00 - 2,020 -
      811 Oscilloscope 12/14/2006 12/14/2006       9,117 - -   9,117 9,117 15.00 - 9,117 -
      1103 Omnetics-NRE Containers 12/01/2011 12/01/2011       40,206 - -   40,206 40,206 33.00 - 40,206 -
      236 Color Heads & CDR 10/22/2001 10/22/2001       1,705 - -   1,705 1,705 33.00 - 1,705 -
      882 Tools 11/29/2007 11/29/2007       1,163 - -   1,163 1,163 15.00 - 1,163 -
      884 Replacement of Oil-Free Head 11/29/2007 11/29/2007       2,400 - -   2,400 2,400 15.00 - 2,400 -
      237 Rubber Container 11/30/2001 11/30/2001       3,211 - -   3,211 3,211 10.00 - 3,211 -
      923 Polycrystalline - Model 04/01/2008 04/01/2008       11,500 - -   11,500 11,500 15.00 - 11,500 -
      853 Lab Equipment 05/21/2007 05/21/2007       4,603 - -   4,603 4,603 15.00 - 4,603 -
      1108 OBT - Containers 11/23/2011 01/01/2012       11,012 - -   11,012 8,259 15.00 413 8,672 2,340
      240 MSDN 02/12/2002 02/12/2002       10,921 - -   10,921 10,921 15.00 - 10,921 -
      963 Classi-Tech Containers 10/01/2008 10/01/2008       32,939 - -   32,939 32,939 15.00 - 32,939 -
      969 OBT Global 10/01/2008 10/01/2008       39,218 - -   39,218 39,218 15.00 - 39,218 -
      242 Drawers 05/23/2002 05/23/2002       4,626 - -   4,626 4,626 7.00 - 4,626 -
      235 Palm Computer 09/09/2001 09/09/2001       3,019 - -   3,019 3,019 33.00 - 3,019 -
      243 VOLTMETER 07/24/2003 07/24/2003       1,119 - -   1,119 1,119 15.00 - 1,119 -
      964 Classi-Tech 10/01/2008 10/01/2008       1,165 - -   1,165 1,165 15.00 - 1,165 -
      965 Classi-Tech 10/01/2008 10/01/2008       4,239 - -   4,239 4,239 15.00 - 4,239 -
      244 Tooling Panel Equipment 10/30/2003 10/30/2003       3,378 - -   3,378 3,378 15.00 - 3,378 -
      966 Classi-Tech 10/01/2008 10/01/2008       1,042 - -   1,042 1,042 15.00 - 1,042 -
      1096 Thorlabs-spectrometer 09/02/2011 09/02/2011       6,969 - -   6,969 6,969 33.00 - 6,969 -
      1095 Omnetics - Containers 07/21/2011 07/21/2011       16,011 - -   16,011 16,011 33.00 - 16,011 -
      1092 StatiTech-2 carts 08/18/2011 08/18/2011       2,290 - -   2,290 1,845 15.00 86 1,931 359
      967 Classi-Tech 10/01/2008 10/01/2008       12,074 - -   12,074 12,074 15.00 - 12,074 -
      968 OBT Global 10/01/2008 10/01/2008       29,414 - -   29,414 29,414 15.00 - 29,414 -
      241 MATLAB-Lab Equipment 04/14/2002 04/14/2002       5,724 - -   5,724 5,724 15.00 - 5,724 -
      110 Equipment for Ichilov 09/28/1997 09/28/1997       312 - -   312 312 15.00 - 312 -
      104 TelSys 05/01/1997 05/01/1997       17,862 - -   17,862 17,862 15.00 - 17,862 -
      1270 Geva Control-Machine parts 10/01/2015 12/01/2016       4,347 - -   4,347 54 15.00 163 217 4,129
      105 Universal Burner 05/14/1997 05/14/1997       4,999 - -   4,999 4,999 15.00 - 4,999 -
      106 Apex Computer 05/25/1997 05/25/1997       408 - -   408 408 33.00 - 408 -
      157 Lab 02/11/1999 02/11/1999       8,391 - -   8,391 8,391 33.00 - 8,391 -
      156 2 Computers 02/09/1999 02/09/1999       11,148 - -   11,148 11,148 33.00 - 11,148 -
      1233 MMD Machining Ltd. 02/11/2015 12/01/2016       4,162 - -   4,162 52 15.00 156 208 3,954
      109 Apex Computer 09/25/1997 09/25/1997       5,792 - -   5,792 5,792 33.00 - 5,792 -
      158 Computing System 02/18/1999 02/18/1999       11,353 - -   11,353 11,353 33.00 - 11,353 -
      111 Printer 10/27/1997 10/27/1997       2,662 - -   2,662 2,662 33.00 - 2,662 -
      112 ZIP DRIVE + Cable 12/01/1997 12/01/1997       690 - -   690 690 33.00 - 690 -
      127 Dr. Gal Computer 05/15/1998 05/15/1998       11,477 - -   11,477 11,477 33.00 - 11,477 -
      155 Drivers 02/07/1999 02/07/1999       5,308 - -   5,308 5,308 33.00 - 5,308 -
      1244 Weight Scales-2 Counting scales 04/13/2015 04/13/2015       2,200 - -   2,200 567 15.00 83 649 1,551
      1245 Geva Control 04/19/2015 12/01/2016       1,840 - -   1,840 23 15.00 69 92 1,748
      1246 QuickScan-Weight Balance 05/14/2015 05/14/2015       3,662 - -   3,662 1,972 33.00 302 2,274 1,388
      107 Apex Computer 06/22/1997 06/22/1997       4,778 - -   4,778 4,778 33.00 - 4,778 -
      159 Printer 02/23/1999 02/23/1999       1,270 - -   1,270 1,270 33.00 - 1,270 -
      1263 OBT 08/25/2015 08/25/2015       18,382 - -   18,382 3,728 15.00 689 4,418 13,964
      1234 MMD Machining Ltd. 02/11/2015 12/01/2016       2,840 - -   2,840 36 15.00 107 142 2,698
      1282 MMD Machining Ltd.-Machine 12/03/2015 12/03/2015       4,150 - -   4,150 - - - - 4,150
      1281 CPC-Tooling 12/01/2015 12/01/2015       18,473 - -   18,473 6,604 33.00 1,524 8,128 10,345
      128 RealTech 05/20/1998 05/20/1998       2,770 - -   2,770 2,770 15.00 - 2,770 -
      136 Sphygmomanometer 07/21/1998 07/21/1998       101 - -   101 101 10.00 - 101 -
      137 Technological equipment 07/21/1998 07/21/1998       19,014 - -   19,014 19,014 15.00 - 19,014 -
      1271 Silicone Cast 10/01/2015 10/01/2015       4,800 - -   4,800 900 15.00 180 1,080 3,720
Group: 2 - R&D equipment                                    
      160 Computer 02/23/1999 02/23/1999       4,725 - -   4,725 4,725 33.00 - 4,725 -
      140 Computer Peripherals 08/06/1998 08/06/1998       42,298 - -   42,298 42,298 33.00 - 42,298 -
      1238 AllTest - ED test device 03/01/2015 03/01/2015       8,338 - -   8,338 5,044 33.00 688 5,732 2,606
      138 Equipment 07/22/1998 07/22/1998       675 - -   675 675 15.00 - 675 -
      103 Computer (half)+Communication Card 03/31/1997 03/31/1997       5,115 - -   5,115 5,115 33.00 - 5,115 -
      1277 Digital Cut Or-Tools 10/29/2015 10/29/2015       16,650 - -   16,650 3,457 15.00 624 4,082 12,568
      139 Equipment 07/22/1998 07/22/1998       216 - -   216 216 15.00 - 216 -
      132 Modem+Network Card 07/09/1998 07/09/1998       9,532 - -   9,532 9,532 33.00 - 9,532 -
      113 Stress Test Equipment 12/17/1997 12/17/1997       61,985 - -   61,985 61,985 15.00 - 61,985 -
      1235 MMD Machining Ltd. 02/24/2015 12/01/2016       3,500 - -   3,500 44 15.00 131 175 3,325
      144 Thimble Container Surcharge 09/29/1998 09/29/1998       12,497 - -   12,497 12,497 10.00 - 12,497 -
      1247 Classi-Tech 05/17/2015 12/01/2016       20,196 - -   20,196 252 15.00 757 1,010 19,186
      143 Thimble Container Surcharge 08/30/1998 08/30/1998       22,014 - -   22,014 22,014 10.00 - 22,014 -
      120 Computer 03/10/1998 03/10/1998       5,450 - -   5,450 5,450 33.00 - 5,450 -
      1304 M.R.C. 07/01/2016 07/01/2016       2,300 - -   2,300 173 15.00 86 259 2,041
      1266 MMD Machining Ltd. 09/02/2015 09/02/2015       1,600 - -   1,600 319 15.00 60 379 1,221
      121 Cabinets 03/15/1998 03/15/1998       506 - -   506 506 7.00 - 506 -
      1256 Thorlabs 07/10/2015 12/01/2016       15,447 - -   15,447 193 15.00 579 772 14,675
      150 Drive+Disc 01/07/1999 01/07/1999       1,377 - -   1,377 1,377 33.00 - 1,377 -
      147 Account 592 exchange differentials 8/17 11/25/1998 11/25/1998       268 - -   268 268 15.00 - 268 -
      119 Power Supply 03/10/1998 03/10/1998       1,350 - -   1,350 1,350 15.00 - 1,350 -
      1259 Farnell Elect. 07/24/2015 07/24/2015       2,247 - -   2,247 485 15.00 84 569 1,678
      146 Screwdriver kit 11/18/1998 11/18/1998       252 - -   252 252 15.00 - 252 -
      122 Computer 05/01/1998 05/01/1998       4,389 - -   4,389 4,389 33.00 - 4,389 -
      145 5 Part Container 10/30/1998 10/30/1998       15,938 - -   15,938 15,938 15.00 - 15,938 -
      123 Mobile Computer 05/05/1998 05/05/1998       8,509 - -   8,509 8,509 33.00 - 8,509 -
      1264 MMD Machining Ltd. 08/26/2015 12/01/2016       9,007 - -   9,007 113 15.00 338 450 8,557
      1262 OBT 08/09/2015 08/09/2015       12,033 - -   12,033 2,518 15.00 451 2,970 9,064
      1257 Thorlabs 07/13/2015 12/01/2016       2,292 - -   2,292 29 15.00 86 115 2,177
      115 Apex Computer 01/08/1998 01/08/1998       5,685 - -   5,685 5,685 33.00 - 5,685 -
      101 DAS 14002 Equipment 02/01/1997 02/01/1997       3,049 - -   3,049 3,049 15.00 - 3,049 -
      125 Computer 05/13/1998 05/13/1998       8,451 - -   8,451 8,451 33.00 - 8,451 -
      153 Contractor Container 01/17/1999 01/17/1999       64,992 - -   64,992 64,992 15.00 - 64,992 -
      124 Medical device 05/12/1998 05/12/1998       97 - -   97 97 15.00 - 97 -
      114 Apex Computer+Software 12/25/1997 12/25/1997       5,390 - -   5,390 5,390 33.00 - 5,390 -
      141 Omnitech 08/10/1998 08/10/1998       8,139 - -   8,139 8,139 10.00 - 8,139 -
      1297 M.M.D. - Handle 04/01/2016 04/01/2016       1,940 - -   1,940 218 15.00 73 291 1,649
      148 Computer 12/31/1998 12/31/1998       7,204 - -   7,204 7,204 33.00 - 7,204 -
      191 Pentium 10/01/1999 10/01/1999       6,664 - -   6,664 6,664 33.00 - 6,664 -
      1248 Thorlabs 05/22/2015 12/01/2016       4,704 - -   4,704 59 15.00 176 235 4,469
      208 Project 2000 08/09/2000 08/09/2000       5,384 - -   5,384 5,384 15.00 - 5,384 -
      117 P-8A Reality MSDN 02/17/1998 02/17/1998       9,450 - -   9,450 9,450 15.00 - 9,450 -
      142 Labs 08/17/1998 08/17/1998       6,260 - -   6,260 6,260 10.00 - 6,260 -
      118 Multiple Zones 02/19/1998 02/19/1998       1,958 - -   1,958 1,958 15.00 - 1,958 -
      1307 Rogel Engineers 08/07/2016 08/07/2016       8,210 - -   8,210 493 15.00 308 801 7,409
      151 Computer 01/13/1999 01/13/1999       7,692 - -   7,692 7,692 33.00 - 7,692 -
      1252 Constantines-15 Barcode Readers 06/01/2015 06/01/2015       4,950 - -   4,950 2,586 33.00 408 2,995 1,955
      152 System Conversion 01/13/1999 01/13/1999       1,556 - -   1,556 1,556 33.00 - 1,556 -
      1191 Exdron-Containers 07/22/2014 07/22/2014       3,164 - -   3,164 1,160 15.00 119 1,279 1,886
      1182 Classi-Tech Containers 07/01/2014 07/01/2014       23,173 - -   23,173 8,690 15.00 869 9,559 13,614
      179 Computers 07/13/1999 07/13/1999       86,718 - -   86,718 86,718 33.00 - 86,718 -
      178 Computer 07/05/1999 07/05/1999       5,490 - -   5,490 5,490 33.00 - 5,490 -
      1185 Blechman Mannes-Molds 07/31/2014 07/31/2014       2,750 - -   2,750 998 15.00 103 1,101 1,649
      1186 AHM Complex Engineering 07/29/2014 12/01/2016       2,600 - -   2,600 33 15.00 98 130 2,470
      177 Containers 07/01/1999 07/01/1999       32,287 - -   32,287 32,287 15.00 - 32,287 -
      1199 Bearing House 03/09/2014 12/01/2016       172 - -   172 2 15.00 6 9 163
      175 (ZIP) Computer 06/30/1999 07/01/1999       6,309 - -   6,309 6,309 33.00 - 6,309 -
      180 Computer 07/14/1999 07/14/1999       9,665 - -   9,665 9,665 33.00 - 9,665 -
      1192 Erenthal Electronics 07/22/2014 07/22/2014       3,059 - -   3,059 1,121 15.00 115 1,236 1,823
      1193 Yerucham Automation 08/31/2014 12/01/2016       490 - -   490 6 15.00 18 25 466
Group: 2 - R&D equipment                                    
      1194 Classi-Tech 09/24/2014 09/24/2014       24,692 - -   24,692 8,364 15.00 926 9,290 15,401
      1195 MMD Machining Ltd. 09/24/2014 12/01/2016       600 - -   600 8 15.00 23 30 570
      1196 Levenstein Technologies 03/03/2014 12/01/2016       1,577 - -   1,577 20 15.00 59 79 1,498
      1197 Itzik Barcal 02/20/2014 12/01/2016       400 - -   400 5 15.00 15 20 380
      102 Computer+Software 03/01/1997 03/01/1997       12,420 - -   12,420 12,420 33.00 - 12,420 -
      176 Containers 06/30/1999 07/01/1999       4,478 - -   4,478 4,478 15.00 - 4,478 -
      1172 Classi-Tech Containers 04/27/2014 04/27/2014       9,716 - -   9,716 3,903 15.00 364 4,267 5,449
      190 Equipment 09/22/1999 09/22/1999       621 - -   621 621 15.00 - 621 -
      189 Computer equipment 09/08/1999 09/08/1999       7,818 - -   7,818 7,818 33.00 - 7,818 -
      1165 Nortec Ami- Containers 03/03/2014 03/03/2014       5,542 - -   5,542 2,351 15.00 208 2,559 2,983
      1166 OBT GLOBAL 03/05/2014 03/05/2014       2,790 - -   2,790 1,181 15.00 105 1,286 1,504
      1167 Shell Case - Containers 04/25/2014 04/25/2014       25,034 - -   25,034 10,076 15.00 939 11,015 14,019
      188 Equipment 08/31/1999 08/31/1999       16 - -   16 16 15.00 - 16 -
      1169 Nortec - Containers 05/14/2014 05/14/2014       1,745 - -   1,745 689 15.00 65 754 991
      1181 MMD Machining Ltd. 07/28/2014 12/01/2016       9,200 - -   9,200 115 15.00 345 460 8,740
      185 4 Part Container 08/19/1999 08/19/1999       15,842 - -   15,842 15,842 10.00 - 15,842 -
      1180 Lahav & Yaffa 07/27/2014 12/01/2016       2,320 - -   2,320 29 15.00 87 116 2,204
      1173 MMD Machining-Machine Parts 07/01/2014 12/01/2016       1,030 - -   1,030 13 15.00 39 51 979
      184 Computer 08/17/1999 08/17/1999       5,461 - -   5,461 5,461 33.00 - 5,461 -
      183 Differences 07/31/1999 07/31/1999       (95) - -   (95) (95) 33.00 - (95) -
      1318 Containers - Cast Silicone 05/31/2016 09/01/2016       6,400 - -   6,400 320 15.00 240 560 5,840
      182 Computer 07/30/1999 07/30/1999       3,518 - -   3,518 3,518 33.00 - 3,518 -
      181 Computer 07/26/1999 07/26/1999       14,282 - -   14,282 14,282 33.00 - 14,282 -
      1200 MMD Machining Ltd. 05/28/2014 12/01/2016       11,400 - -   11,400 143 15.00 428 570 10,830
      187 Equipment 08/31/1999 08/31/1999       88 - -   88 88 15.00 - 88 -
      134 Equipment 07/12/1998 07/12/1998       2,087 - -   2,087 2,087 10.00 - 2,087 -
      166 Computer 04/28/1999 04/28/1999       7,171 - -   7,171 7,171 33.00 - 7,171 -
      165 TRACKBALL 04/25/1999 04/25/1999       1,620 - -   1,620 1,620 33.00 - 1,620 -
      1226 Ontrak Control 01/16/2015 12/01/2016       1,474 - -   1,474 18 15.00 55 74 1,400
      1227 Logic-STLab 01/18/2015 12/01/2016       331 - -   331 4 15.00 12 17 314
      100 Drive 02/01/1997 02/01/1997       1,698 - -   1,698 1,698 33.00 - 1,698 -
      133 Electronic Equip. 07/10/1998 07/10/1998       140 - -   140 140 15.00 - 140 -
      164 Adiv 04/16/1999 04/16/1999       1,488 - -   1,488 1,488 33.00 - 1,488 -
      1198 Pil Acril 03/23/2014 12/01/2016       700 - -   700 9 15.00 26 35 665
      162 Printers and Screens 03/09/1999 03/09/1999       17,434 - -   17,434 17,434 33.00 - 17,434 -
      1220 Geva Control 12/22/2014 12/01/2016       249 - -   249 3 15.00 9 12 237
      135 Case 07/14/1998 07/14/1998       1,318 - -   1,318 1,318 7.00 - 1,318 -
      161 4 Mobile Computers 03/01/1999 03/01/1999       41,843 - -   41,843 41,843 33.00 - 41,843 -
      1232 Avdor Halat-Soldering Iron 02/01/2015 02/01/2015       4,390 - -   4,390 2,777 33.00 362 3,139 1,251
      1284 Titanus-Dell R&D Computer 12/31/2015 12/31/2015       4,955 - -   4,955 1,639 33.00 409 2,048 2,907
      131 ADDS 07/08/1998 07/08/1998       11,888 - -   11,888 11,888 15.00 - 11,888 -
      130 CD Burner 07/01/1998 07/01/1998       2,017 - -   2,017 2,017 33.00 - 2,017 -
      1283 BM Blechman Mannes-Molds 12/16/2015 12/16/2015       231,538 - -   231,538 36,224 15.00 8,683 44,907 186,631
      163 Difference in Computer Files 03/19/1999 03/19/1999       249 - -   249 249 33.00 - 249 -
      1213 Sari Electronics-Machine 10/05/2014 12/01/2016       1,200 - -   1,200 15 15.00 45 60 1,140
      1201 Galboreg 03/25/2014 12/01/2016       981 - -   981 12 15.00 37 49 932
      1202 Geva Control 04/02/2014 12/01/2016       3,993 - -   3,993 50 15.00 150 200 3,793
      174 Differences 06/30/1999 06/30/1999       22 - -   22 22 33.00 - 22 -
      173 Computer 06/16/1999 06/16/1999       1,156 - -   1,156 1,156 15.00 - 1,156 -
      197 Laser Printer 01/10/2000 01/10/2000       2,079 - -   2,079 2,079 33.00 - 2,079 -
      196 Matlab-Omicron 01/09/2000 01/09/2000       11,977 - -   11,977 11,977 15.00 - 11,977 -
      170 Mobile Computer 06/06/1999 06/06/1999       12,601 - -   12,601 12,601 33.00 - 12,601 -
      167 Assembly 05/25/1999 05/25/1999       467 - -   467 467 33.00 - 467 -
      168 Apex Credit 05/31/1999 05/31/1999       (78) - -   (78) (78) 33.00 - (78) -
      1221 Blechman Mannes-Molds 12/25/2014 12/25/2014       2,400 - -   2,400 727 15.00 90 817 1,583
      1214 Har Zion Electronics 11/02/2014 11/02/2014       1,201 - -   1,201 390 15.00 45 435 766
      1215 Har Zion Electronics 11/13/2014 11/13/2014       1,201 - -   1,201 384 15.00 45 429 772
      1216 Netec-Machine Parts 11/17/2014 12/01/2016       8,030 - -   8,030 100 15.00 301 401 7,628
      1217 AHM Complex Engineering 10/13/2014 02/01/2016       600 - -   600 83 15.00 23 105 495
      1218 ThorLabs Inc 11/19/2014 12/01/2016       20,132 - -   20,132 252 15.00 755 1,007 19,125
Group: 2 - R&D equipment                                    
      1219 Classi-Tech 12/04/2014 12/01/2016       21,088 - -   21,088 264 15.00 791 1,054 20,034
      1239 Farnell-Metcal 03/01/2015 03/01/2015       3,396 - -   3,396 2,055 33.00 280 2,335 1,061
      169 Computer 06/01/1999 06/01/1999       5,410 - -   5,410 5,410 33.00 - 5,410 -
Total Group: 2 - R&D equipment               2,283,094 - - - 2,283,094 1,737,815   28,686 1,766,501 516,593
Group: 3 - Computers and Office Software                                    
      443 2 IBM Computers 05/14/2003 05/14/2003       9,767 - -   9,767 9,767 33.00 - 9,767 -
      415 Mobile Computer 02/05/2002 02/05/2002       3,572 - -   3,572 3,572 33.00 - 3,572 -
      401 2 Computer Discs 08/15/2001 08/15/2001       3,541 - -   3,541 3,541 33.00 - 3,541 -
      402 Computer Disc 08/19/2001 08/19/2001       2,082 - -   2,082 2,082 33.00 - 2,082 -
      404 Computer Memory 11/06/2001 11/06/2001       774 - -   774 774 33.00 - 774 -
      405 IBM Computer 11/27/2001 11/27/2001       9,048 - -   9,048 9,048 33.00 - 9,048 -
      406 3 Computers - Memory 11/28/2001 11/28/2001       1,824 - -   1,824 1,824 33.00 - 1,824 -
      408 SGM Computers 01/01/2002 01/01/2002       3,073 - -   3,073 3,073 33.00 - 3,073 -
      409 Computer Memory 01/01/2002 01/01/2002       679 - -   679 679 33.00 - 679 -
      410 POWERSUPPLY 01/01/2002 01/01/2002       363 - -   363 363 33.00 - 363 -
      412 V-LAN Switch and Software 01/24/2002 01/24/2002       1,667 - -   1,667 1,667 33.00 - 1,667 -
      413 Computer 01/29/2002 01/29/2002       2,804 - -   2,804 2,804 33.00 - 2,804 -
      437 Computer Memory 01/27/2003 01/27/2003       653 - -   653 653 33.00 - 653 -
      438 BOOMERING - Peripherals 01/30/2003 01/30/2003       2,518 - -   2,518 2,518 33.00 - 2,518 -
      415 Laptop Computer Battery 02/08/2002 02/08/2002       269 - -   269 269 33.00 - 269 -
      475 Memory Card 05/04/2004 05/04/2004       1,346 - -   1,346 1,346 33.00 - 1,346 -
      442 IBM Computer 05/12/2003 05/12/2003       4,470 - -   4,470 4,470 33.00 - 4,470 -
      417 MEMORY NOTEBOOK 02/23/2002 02/23/2002       496 - -   496 496 33.00 - 496 -
      422 Computer+Software 04/25/2002 04/25/2002       9,777 - -   9,777 9,777 33.00 - 9,777 -
      423 Computer+Software 05/06/2002 05/06/2002       9,515 - -   9,515 9,515 33.00 - 9,515 -
      424 Computer+Software 05/19/2002 05/19/2002       27,145 - -   27,145 27,145 33.00 - 27,145 -
      426 Computer 06/07/2002 06/07/2002       35,346 - -   35,346 35,346 33.00 - 35,346 -
      427 Computer 06/11/2002 06/11/2002       8,415 - -   8,415 8,415 33.00 - 8,415 -
      428 Computer 06/18/2002 06/18/2002       5,740 - -   5,740 5,740 33.00 - 5,740 -
      429 2 Computers 08/11/2002 08/11/2002       18,814 - -   18,814 18,814 33.00 - 18,814 -
      430 Thermal Transfer Printer 11/28/2002 11/28/2002       3,217 - -   3,217 3,217 33.00 - 3,217 -
      432 Computer / Video Projector 12/16/2002 12/16/2002       20,701 - -   20,701 20,701 33.00 - 20,701 -
      435 HP Printer 01/15/2003 01/15/2003       1,170 - -   1,170 1,170 33.00 - 1,170 -
      440 Computer (Software House) 03/25/2003 03/25/2003       7,500 - -   7,500 7,500 33.00 - 7,500 -
      441 Pentium 4 Computer + Add-ons 05/08/2003 05/08/2003       4,772 - -   4,772 4,772 33.00 - 4,772 -
      414 Computer 01/30/2002 01/30/2002       10,025 - -   10,025 10,025 33.00 - 10,025 -
      732 IBM T-43 Laptop Computer 05/30/2005 05/30/2005       10,000 - -   10,000 10,000 33.00 - 10,000 -
      490 24 Switch 08/02/2004 08/02/2004       6,560 - -   6,560 6,560 33.00 - 6,560 -
      491 Computer 08/05/2004 08/05/2004       3,740 - -   3,740 3,740 33.00 - 3,740 -
      492 2 Computers - CMS 09/07/2004 09/07/2004       14,904 - -   14,904 14,904 33.00 - 14,904 -
      495 Computer - Ezer Electronics 10/27/2004 10/27/2004       2,146 - -   2,146 2,146 33.00 - 2,146 -
      496 91” Computer Screen 10/28/2004 10/28/2004       2,068 - -   2,068 2,068 33.00 - 2,068 -
      497 PC Computer 11/10/2004 11/10/2004       1,366 - -   1,366 1,366 33.00 - 1,366 -
      498 IBM Laptop Computer 12/06/2004 12/06/2004       14,024 - -   14,024 14,024 33.00 - 14,024 -
      708 Pentium 4 Computer 01/09/2005 01/09/2005       9,009 - -   9,009 9,009 33.00 - 9,009 -
      711 All-in-One (Printer-Fax-Scanner) 01/24/2005 01/24/2005       2,880 - -   2,880 2,880 33.00 - 2,880 -
      720 Computer Parts 11/03/2004 11/03/2004       3,703 - -   3,703 3,703 33.00 - 3,703 -
      721 Mobile Computer 03/29/2005 03/29/2005       3,918 - -   3,918 3,918 33.00 - 3,918 -
      722 Computers 02/23/2005 02/23/2005       12,348 - -   12,348 12,348 33.00 - 12,348 -
      724 Server 04/25/2005 04/25/2005       23,156 - -   23,156 23,156 33.00 - 23,156 -
      473 Printer (OfficeDepot) 04/28/2004 04/28/2004       1,197 - -   1,197 1,197 33.00 - 1,197 -
      761 Mobile Computer 01/01/2006 01/01/2006       8,907 - -   8,907 8,907 33.00 - 8,907 -
      262 Optical Disc+Screen 11/03/1998 11/03/1998       2,137 - -   2,137 2,137 33.00 - 2,137 -
      747 Computer 10/27/2005 10/27/2005       2,271 - -   2,271 2,271 33.00 - 2,271 -
      746 17” LCD Monitor 10/31/2005 10/31/2005       1,452 - -   1,452 1,452 33.00 - 1,452 -
      744 Mobile Computer 10/10/2005 10/10/2005       6,652 - -   6,652 6,652 33.00 - 6,652 -
      742 Computers and Monitors 09/04/2005 09/04/2005       65,405 - -   65,405 65,405 33.00 - 65,405 -
      730 91” LCD Monitor 03/21/2005 03/21/2005       6,520 - -   6,520 6,520 33.00 - 6,520 -
      738 NEC Laptop Computer 06/30/2005 06/30/2005       5,385 - -   5,385 5,385 33.00 - 5,385 -
      731 Computer Parts 03/03/2005 03/03/2005       6,457 - -   6,457 6,457 33.00 - 6,457 -
      760 5 Mobile Computers 01/01/2006 01/01/2006       20,420 - -   20,420 20,420 33.00 - 20,420 -
      737 71” LCD Monitor 07/24/2005 07/24/2005       3,979 - -   3,979 3,979 33.00 - 3,979 -
      736 Computer 07/18/2005 07/18/2005       10,199 - -   10,199 10,199 33.00 - 10,199 -
      735 Computer Parts + LG Mobile Computer 09/09/2005 09/09/2005       8,581 - -   8,581 8,581 33.00 - 8,581 -
      733 NEC Laptop Computer 06/21/2005 06/21/2005       5,915 - -   5,915 5,915 33.00 - 5,915 -
Group: 3 - Computers and Office Software                                    
      487 Mobile Computer 07/13/2004 07/13/2004       9,384 - -   9,384 9,384 33.00 - 9,384 -
      739 LAPTOP PC 09/19/2005 09/19/2005       5,682 - -   5,682 5,682 33.00 - 5,682 -
      454 5 IBM Laptop Computers 09/25/2003 09/25/2003       6,500 - -   6,500 6,500 33.00 - 6,500 -
      489 Computer Equipment 08/01/2004 08/01/2004       3,644 - -   3,644 3,644 33.00 - 3,644 -
      463 1 PC 02/24/2004 02/24/2004       3,218 - -   3,218 3,218 33.00 - 3,218 -
      462 1 PC 02/12/2004 02/12/2004       4,018 - -   4,018 4,018 33.00 - 4,018 -
      460 2 PCs 02/12/2004 02/12/2004       3,041 - -   3,041 3,041 33.00 - 3,041 -
      458 PC Computer 01/06/2004 01/06/2004       4,974 - -   4,974 4,974 33.00 - 4,974 -
      465 Computer Monitor 03/11/2004 03/11/2004       2,935 - -   2,935 2,935 33.00 - 2,935 -
      455 PALM PILOT Computer 11/25/2003 11/25/2003       7,700 - -   7,700 7,700 33.00 - 7,700 -
      466 HP Printer 03/18/2004 03/18/2004       1,141 - -   1,141 1,141 33.00 - 1,141 -
      452 Computer Monitor 07/15/2003 07/15/2003       1,380 - -   1,380 1,380 33.00 - 1,380 -
      451 Computer 07/09/2003 07/09/2003       5,667 - -   5,667 5,667 33.00 - 5,667 -
      450 All-in-One Printer 07/08/2003 07/08/2003       1,384 - -   1,384 1,384 33.00 - 1,384 -
      449 Computer 07/01/2003 07/01/2003       8,142 - -   8,142 8,142 33.00 - 8,142 -
      448 Computer Memory 07/01/2003 07/01/2003       1,005 - -   1,005 1,005 33.00 - 1,005 -
      446 Mobile Computer 06/15/2003 06/15/2003       7,700 - -   7,700 7,700 33.00 - 7,700 -
      457 IBM Laptop Computer 01/05/2004 01/05/2004       4,008 - -   4,008 4,008 33.00 - 4,008 -
      474 (Shekem Electric) Palm Computer 05/03/2004 05/03/2004       2,599 - -   2,599 2,599 33.00 - 2,599 -
      444 Printer and Burner 05/20/2003 05/20/2003       2,126 - -   2,126 2,126 33.00 - 2,126 -
      484 Laser Printer 06/26/2004 06/26/2004       5,714 - -   5,714 5,714 33.00 - 5,714 -
      483 Mobile Computer 06/14/2004 06/14/2004       6,800 - -   6,800 6,800 33.00 - 6,800 -
      481 Mobile Computer 06/01/2004 06/01/2004       6,888 - -   6,888 6,888 33.00 - 6,888 -
      479 Mobile Computer 05/24/2004 05/24/2004       6,800 - -   6,800 6,800 33.00 - 6,800 -
      464 Computer Equipment 03/02/2004 03/02/2004       1,515 - -   1,515 1,515 33.00 - 1,515 -
      477 Computer 05/24/2004 05/24/2004       2,262 - -   2,262 2,262 33.00 - 2,262 -
      488 Printer 07/21/2004 07/21/2004       998 - -   998 998 33.00 - 998 -
      472 IVORY - Computer 04/25/2004 04/25/2004       6,282 - -   6,282 6,282 33.00 - 6,282 -
      471 Printer (OfficeDepot) 04/19/2004 04/19/2004       1,145 - -   1,145 1,145 33.00 - 1,145 -
      470 Mobile Computer 04/13/2004 04/13/2004       9,668 - -   9,668 9,668 33.00 - 9,668 -
      469 Computer Parts (Software House) 04/05/2004 04/05/2004       5,540 - -   5,540 5,540 33.00 - 5,540 -
      468 Motherboard, Memory, Processor 03/25/2004 03/25/2004       2,702 - -   2,702 2,702 33.00 - 2,702 -
      467 Computers (YAD 4) 03/21/2004 03/21/2004       17,185 - -   17,185 17,185 33.00 - 17,185 -
      478 17” Monitor and Speakers 05/24/2004 05/24/2004       2,544 - -   2,544 2,544 33.00 - 2,544 -
      289 Monitor 01/27/2000 01/27/2000       1,211 - -   1,211 1,211 33.00 - 1,211 -
      299 Mobile Computer 03/27/2000 03/27/2000       10,691 - -   10,691 10,691 33.00 - 10,691 -
      297 Computer Upgrade 03/19/2000 03/19/2000       5,575 - -   5,575 5,575 33.00 - 5,575 -
      295 Computers 02/29/2000 02/29/2000       117,915 - -   117,915 117,915 33.00 - 117,915 -
      293 Computer 02/20/2000 02/20/2000       5,027 - -   5,027 5,027 33.00 - 5,027 -
      292 Ethernet Card 02/17/2000 02/17/2000       1,222 - -   1,222 1,222 33.00 - 1,222 -
      283 Computer Equipment 10/10/1999 10/10/1999       3,645 - -   3,645 3,645 33.00 - 3,645 -
      290 Registration System Installation 01/31/2000 01/31/2000       3,755 - -   3,755 3,755 33.00 - 3,755 -
      302 IBM Disc 04/05/2000 04/05/2000       3,285 - -   3,285 3,285 33.00 - 3,285 -
      287 Computer Technician 02/20/2000 02/20/2000       6,087 - -   6,087 6,087 33.00 - 6,087 -
      287 Upgrade, Monitor and Memory 02/20/2000 02/20/2000       8,545 - -   8,545 8,545 33.00 - 8,545 -
      312 2 Computers - QComm 08/14/2000 08/14/2000       27,968 - -   27,968 27,968 33.00 - 27,968 -
      311 Computer Memory 08/09/2000 08/09/2000       451 - -   451 451 33.00 - 451 -
      310 Mobile Computer 06/18/2000 06/18/2000       14,836 - -   14,836 14,836 33.00 - 14,836 -
      265 Computer 11/22/1998 11/22/1998       4,735 - -   4,735 4,735 33.00 - 4,735 -
      291 Monitor 02/09/2000 02/09/2000       1,969 - -   1,969 1,969 33.00 - 1,969 -
      308 MIJENIX 06/04/2000 06/04/2000       3,331 - -   3,331 3,331 33.00 - 3,331 -
      320 Disc 09/06/2000 09/06/2000       3,428 - -   3,428 3,428 33.00 - 3,428 -
      319 Laser Printer 09/06/2000 09/06/2000       7,385 - -   7,385 7,385 33.00 - 7,385 -
      318 Laptop Memory 09/05/2000 09/05/2000       889 - -   889 889 33.00 - 889 -
      316 Mice 08/28/2000 08/28/2000       794 - -   794 794 33.00 - 794 -
      315 Switch Box 08/15/2000 08/15/2000       1,063 - -   1,063 1,063 33.00 - 1,063 -
      314 Segem Hub 08/15/2000 08/15/2000       2,413 - -   2,413 2,413 33.00 - 2,413 -
      300 Drive Drive 03/28/2000 03/28/2000       702 - -   702 702 33.00 - 702 -
      309 Omnitech Computer 06/05/2000 06/05/2000       7,281 - -   7,281 7,281 33.00 - 7,281 -
      301 Syntec Computer 03/29/2000 03/29/2000       8,509 - -   8,509 8,509 33.00 - 8,509 -
Group: 3 - Computers and Office Software                                    
      307 HP Printer 05/30/2000 05/30/2000       2,603 - -   2,603 2,603 33.00 - 2,603 -
      306 Type 05/25/2000 05/25/2000       13,624 - -   13,624 13,624 33.00 - 13,624 -
      305 17” Screen 05/01/2000 05/01/2000       4,690 - -   4,690 4,690 33.00 - 4,690 -
      304 HP Printer 04/23/2000 04/23/2000       1,712 - -   1,712 1,712 33.00 - 1,712 -
      303 Printer+Scanner+Camera 04/10/2000 04/10/2000       17,997 - -   17,997 17,997 33.00 - 17,997 -
      280 Computer 08/15999 08/15/1999       6,032 - -   6,032 6,032 33.00 - 6,032 -
      313 2 Segem Computers 08/15/2000 08/15/2000       10,623 - -   10,623 10,623 33.00 - 10,623 -
      252 Keyboard 06/16/1998 06/16/1998       155 - -   155 155 33.00 - 155 -
      260 Mobile Computer 10/22/1998 10/22/1998       15,931 - -   15,931 15,931 33.00 - 15,931 -
      259 Computers 10/08/1998 10/08/1998       10,305 - -   10,305 10,305 33.00 - 10,305 -
      258 Computer 10/06/1998 10/06/1998       14,304 - -   14,304 14,304 33.00 - 14,304 -
      257 Computer 10/06/1998 10/06/1998       4,768 - -   4,768 4,768 33.00 - 4,768 -
      256 HP 720 Printer 09/29/1998 09/29/1998       1,222 - -   1,222 1,222 33.00 - 1,222 -
      285 PORT Hub 01/10/2000 01/10/2000       7,968 - -   7,968 7,968 33.00 - 7,968 -
      254 Monitor + Cards 08/18/1998 08/18/1998       2,227 - -   2,227 2,227 33.00 - 2,227 -
      263 Memory 11/03/1998 11/03/1998       751 - -   751 751 33.00 - 751 -
      251 Laser Printer 06/09/1998 06/09/1998       6,768 - -   6,768 6,768 33.00 - 6,768 -
      249 Minitower Case 06/07/1998 06/07/1998       3,328 - -   3,328 3,328 33.00 - 3,328 -
      248 Case 06/07/1998 06/07/1998       7,932 - -   7,932 7,932 33.00 - 7,932 -
      247 Computer Memory 03/24/1998 03/24/1998       169 - -   169 169 33.00 - 169 -
      246 CD Burner 01/08/1998 01/08/1998       2,105 - -   2,105 2,105 33.00 - 2,105 -
      245 Computer (Half Computer) 03/31/1997 03/31/1997       4,520 - -   4,520 4,520 33.00 - 4,520 -
      255 Printer 08/31/1998 08/31/1998       1,445 - -   1,445 1,445 33.00 - 1,445 -
      270 IBM Computer 01/11/1999 01/11/1999       13,815 - -   13,815 13,815 33.00 - 13,815 -
      279 Printer 07/05/1999 07/05/1999       1,919 - -   1,919 1,919 33.00 - 1,919 -
      278 Computer 06/21/1999 06/21/1999       14,262 - -   14,262 14,262 33.00 - 14,262 -
      277 HP Tray 06/06/1999 06/06/1999       580 - -   580 580 33.00 - 580 -
      276 Astragal 05/19/1999 05/19/1999       450 - -   450 450 33.00 - 450 -
      275 Network 05/06/1999 05/06/1999       274 - -   274 274 33.00 - 274 -
      274 Computer 04/30/1999 04/30/1999       7,691 - -   7,691 7,691 33.00 - 7,691 -
      261 Exchange Differentials Account 807847 10/26/1998 10/26/1998       200 - -   200 200 33.00 - 200 -
      271 Cannon Printer 01/27/1999 01/27/1999       1,559 - -   1,559 1,559 33.00 - 1,559 -
      743 Mobile Computer 09/15/2005 09/15/2005       9,130 - -   9,130 9,130 33.00 - 9,130 -
      269 Computer 12/29/1998 12/29/1998       4,340 - -   4,340 4,340 33.00 - 4,340 -
      268 Computer Equipment 12/28/1998 12/28/1998       1,898 - -   1,898 1,898 33.00 - 1,898 -
      267 Computer (Originally two and asset 1030 stolen) 12/17/1998 12/17/1998       6,018 - -   6,018 6,018 33.00 - 6,018 -
      266 CD extender 12/10/1998 12/10/1998       67 - -   67 67 33.00 - 67 -
      748 Computer + Laptop 12/12/2005 12/12/2005       9,572 - -   9,572 9,572 33.00 - 9,572 -
      323 2 Segem Computers 10/03/2000 10/03/2000       13,498 - -   13,498 13,498 33.00 - 13,498 -
      273 Monitor 03/01/1999 03/01/1999       1,337 - -   1,337 1,337 33.00 - 1,337 -
      373 Segem Computer 02/28/2001 02/28/2001       6,681 - -   6,681 6,681 33.00 - 6,681 -
      380 Sightsys 03/06/2001 03/06/2001       2,210 - -   2,210 2,210 33.00 - 2,210 -
      379 Segem Memory 03/04/2001 03/04/2001       145 - -   145 145 33.00 - 145 -
      378 Segem Computer 03/01/2001 03/01/2001       6,982 - -   6,982 6,982 33.00 - 6,982 -
      377 Segem Computer 02/28/2001 02/28/2001       7,409 - -   7,409 7,409 33.00 - 7,409 -
      376 Segem Computer 02/28/2001 02/28/2001       7,305 - -   7,305 7,305 33.00 - 7,305 -
      321 Segem Computer 09/17/2000 09/17/2000       6,763 - -   6,763 6,763 33.00 - 6,763 -
      374 Segem Computer 02/28/2001 02/28/2001       8,036 - -   8,036 8,036 33.00 - 8,036 -
      383 Computer 03/11/2001 03/11/2001       12,514 - -   12,514 12,514 33.00 - 12,514 -
      372 Segem Computer 02/28/2001 02/28/2001       9,092 - -   9,092 9,092 33.00 - 9,092 -
      371 Segem Computer 02/28/2001 02/28/2001       7,517 - -   7,517 7,517 33.00 - 7,517 -
      370 Segem Computer 02/28/2001 02/28/2001       6,183 - -   6,183 6,183 33.00 - 6,183 -
      369 Segem Burner 02/28/2001 02/28/2001       636 - -   636 636 33.00 - 636 -
      368 Segem Computer 02/28/2001 02/28/2001       5,849 - -   5,849 5,849 33.00 - 5,849 -
      367 Segem Computer 02/28/2001 02/28/2001       6,577 - -   6,577 6,577 33.00 - 6,577 -
      375 Segem Computer 02/28/2001 02/28/2001       5,849 - -   5,849 5,849 33.00 - 5,849 -
      389 Implementation of E121 Systems 04/17/2001 04/17/2001       30,825 - -   30,825 30,825 33.00 - 30,825 -
      399 Fire Extinguisher 08/06/2001 08/06/2001       325 - -   325 325 33.00 - 325 -
      397 Cables 07/22/2001 07/22/2001       813 - -   813 813 33.00 - 813 -
      396 256 MB-133MHZ Memory 07/12/2001 07/12/2001       508 - -   508 508 33.00 - 508 -
Group: 3 - Computers and Office Software                                    
      395 Office automation protection 06/03/2001 06/03/2001       5,209 - -   5,209 5,209 10.00 - 5,209 -
      394 SCSI 18.3 GB Disc 05/29/2001 05/29/2001       2,893 - -   2,893 2,893 33.00 - 2,893 -
      393 ISDN Modem Cable 05/23/2001 05/23/2001       146 - -   146 146 33.00 - 146 -
      381 Computer 03/07/2001 03/07/2001       7,547 - -   7,547 7,547 33.00 - 7,547 -
      391 Segem Computer 05/07/2001 05/07/2001       4,927 - -   4,927 4,927 33.00 - 4,927 -
      382 Computer 03/07/2001 03/07/2001       7,044 - -   7,044 7,044 33.00 - 7,044 -
      388 Printer 04/02/2001 04/02/2001       1,352 - -   1,352 1,352 33.00 - 1,352 -
      387 2 QComm Computers 03/21/2001 03/21/2001       12,602 - -   12,602 12,602 33.00 - 12,602 -
      386 Monitor+Printer 03/18/2001 03/18/2001       2,690 - -   2,690 2,690 33.00 - 2,690 -
      385 QComm Computer 03/15/2001 03/15/2001       6,718 - -   6,718 6,718 33.00 - 6,718 -
      384 Disc 03/13/2001 03/13/2001       1,474 - -   1,474 1,474 33.00 - 1,474 -
      364 Computer 02/28/2001 02/28/2001       7,645 - -   7,645 7,645 33.00 - 7,645 -
      392 Implementation of E121 Systems 05/17/2001 05/17/2001       6,264 - -   6,264 6,264 33.00 - 6,264 -
      329 Segem Computer 10/31/2000 10/31/2000       9,373 - -   9,373 9,373 33.00 - 9,373 -
      366 Segem Computer 02/28/2001 02/28/2001       7,014 - -   7,014 7,014 33.00 - 7,014 -
      337 Disc 11/16/2000 11/16/2000       3,109 - -   3,109 3,109 33.00 - 3,109 -
      335 Segem Computer 11/12/2000 11/12/2000       19,679 - -   19,679 19,679 33.00 - 19,679 -
      334 Hub+Disc Drive 11/07/2000 11/07/2000       2,644 - -   2,644 2,644 33.00 - 2,644 -
      333 Ethernet Card 11/07/2000 11/07/2000       1,231 - -   1,231 1,231 33.00 - 1,231 -
      332 Segem Computer 11/06/2000 11/06/2000       19,660 - -   19,660 19,660 33.00 - 19,660 -
      342 2 Discs+Memory 11/30/2000 11/30/2000       19,464 - -   19,464 19,464 33.00 - 19,464 -
      330 PCI ADAP 11/05/2000 11/05/2000       412 - -   412 412 33.00 - 412 -
      344 QComm Computer 12/28/2000 12/28/2000       10,404 - -   10,404 10,404 33.00 - 10,404 -
      328 2 Segem Computers 10/31/2000 10/31/2000       11,176 - -   11,176 11,176 33.00 - 11,176 -
      327 2 QComm Computers 10/24/2000 10/24/2000       27,607 - -   27,607 27,607 33.00 - 27,607 -
      326 Segem Computer 10/18/2000 10/18/2000       5,915 - -   5,915 5,915 33.00 - 5,915 -
      325 Segem Computer 10/17/2000 10/17/2000       5,927 - -   5,927 5,927 33.00 - 5,927 -
      324 Burner 10/10/2000 10/10/2000       1,143 - -   1,143 1,143 33.00 - 1,143 -
      400 Cables 08/09/2001 08/09/2001       564 - -   564 564 33.00 - 564 -
      331 Hub+Disc Drive 11/06/2000 11/06/2000       1,676 - -   1,676 1,676 33.00 - 1,676 -
      356 Extensions 02/22/2001 02/22/2001       495 - -   495 495 33.00 - 495 -
      322 Segem Computer 09/17/2000 09/17/2000       6,763 - -   6,763 6,763 33.00 - 6,763 -
      363 Computer 02/28/2001 02/28/2001       8,340 - -   8,340 8,340 33.00 - 8,340 -
      362 Computer 02/28/2001 02/28/2001       4,976 - -   4,976 4,976 33.00 - 4,976 -
      361 Monitor 02/28/2001 02/28/2001       1,703 - -   1,703 1,703 33.00 - 1,703 -
      360 Computer 02/28/2001 02/28/2001       6,162 - -   6,162 6,162 33.00 - 6,162 -
      359 Palm 02/28/2001 02/28/2001       16,007 - -   16,007 16,007 33.00 - 16,007 -
      340 Uninterrupted Power Supply 11/29/2000 11/29/2000       2,403 - -   2,403 2,403 15.00 - 2,403 -
      357 Mind 02/26/2001 02/26/2001       826 - -   826 826 33.00 - 826 -
      365 Computer 02/28/2001 02/28/2001       4,797 - -   4,797 4,797 33.00 - 4,797 -
      355 Computer 02/22/2001 02/22/2001       12,868 - -   12,868 12,868 33.00 - 12,868 -
      353 Hub+Memory 02/07/2001 02/07/2001       1,097 - -   1,097 1,097 33.00 - 1,097 -
      349 Laptop Battery & Disc 01/08/2001 01/08/2001       3,182 - -   3,182 3,182 33.00 - 3,182 -
      347 2 Computers 01/01/2001 01/01/2001       11,328 - -   11,328 11,328 33.00 - 11,328 -
      346 Printer 01/01/2001 01/01/2001       4,922 - -   4,922 4,922 33.00 - 4,922 -
      345 Laptop Computer 01/01/2001 01/01/2001       13,087 - -   13,087 13,087 33.00 - 13,087 -
      358 Computer 02/27/2001 02/27/2001       6,667 - -   6,667 6,667 33.00 - 6,667 -
      944 Data Safe 10/29/2008 10/29/2008       2,580 - -   2,580 2,580 33.00 - 2,580 -
      999 Alltrade - Server Processor 04/01/2009 04/01/2009       1,848 - -   1,848 1,848 33.00 - 1,848 -
      976 Data Safe - HP Switch + 3 Monitors 01/08/2009 01/08/2009       14,790 - -   14,790 14,790 33.00 - 14,790 -
      975 Data Safe 12/23/2008 12/23/2008       6,453 - -   6,453 6,453 33.00 - 6,453 -
      952 Data Safe 12/17/2008 12/17/2008       19,084 - -   19,084 19,084 33.00 - 19,084 -
      951 Data Safe 12/07/2008 12/07/2008       19,880 - -   19,880 19,880 33.00 - 19,880 -
      950 Data Safe - Uninterrupted Power Supply 11/18/2008 11/18/2008       17,890 - -   17,890 17,890 33.00 - 17,890 -
      948 Data Safe 11/06/2008 11/06/2008       6,639 - -   6,639 6,639 33.00 - 6,639 -
      762 HP All-in-One 01/01/2006 01/01/2006       1,384 - -   1,384 1,384 33.00 - 1,384 -
      1056 Gam and Gamma - Virtual Server 11/22/2010 11/22/2010       2,464 - -   2,464 2,464 33.00 - 2,464 -
      945 Alltrade Israel 11/01/2008 11/01/2008       3,717 - -   3,717 3,717 33.00 - 3,717 -
      1011 Alltrade 09/14/2009 09/14/2009       5,768 - -   5,768 5,768 33.00 - 5,768 -
      943 Data Safe - Computer 10/01/2008 10/01/2008       12,818 - -   12,818 12,818 33.00 - 12,818 -
Group: 3 - Computers and Office Software                                    
      930 Data Safe - Servers 09/18/2008 09/18/2008       19,597 - -   19,597 19,597 33.00 - 19,597 -
      929 Data Safe - Computers 08/11/2008 08/11/2008       7,828 - -   7,828 7,828 33.00 - 7,828 -
      928 Data Safe 07/29/2008 07/29/2008       3,000 - -   3,000 3,000 33.00 - 3,000 -
      927 Alltrade - Computers 07/03/2008 07/03/2008       8,305 - -   8,305 8,305 33.00 - 8,305 -
      914 DATASAFE SYSTEMS 04/01/2008 04/01/2008       44,338 - -   44,338 44,338 33.00 - 44,338 -
      913 DATASAFE SYSTEMS - HD 04/01/2008 04/01/2008       1,789 - -   1,789 1,789 33.00 - 1,789 -
      912 DATASAFE SYSTEMS 04/01/2008 04/01/2008       18,790 - -   18,790 18,790 33.00 - 18,790 -
      911 Alltrade - IBM 05/15/2008 05/15/2008       3,201 - -   3,201 3,201 33.00 - 3,201 -
      946 Data Safe - Computer 11/06/2008 11/06/2008       4,969 - -   4,969 4,969 33.00 - 4,969 -
      1034 Malam Team - 2 Printers 05/11/2010 05/11/2010       5,000 - -   5,000 5,000 33.00 - 5,000 -
      791 3 Laptops + 3 Displays 08/29/2006 08/29/2006       19,567 - -   19,567 19,567 33.00 - 19,567 -
      1054 Gam and Gamma - Server 10/26/2010 10/26/2010       21,900 - -   21,900 21,900 33.00 - 21,900 -
      1053 Gam and Gamma - Server 10/13/2010 10/13/2010       14,914 - -   14,914 14,914 33.00 - 14,914 -
      1048 Uninterrupted Power Supply (UPS) 09/19/2010 09/19/2010       3,220 - -   3,220 3,220 33.00 - 3,220 -
      1047 5 Lenovo Computers 08/02/2010 08/02/2010       17,438 - -   17,438 17,438 33.00 - 17,438 -
      1041 Gam and Gamma - Desktop Computer 04/18/2010 04/18/2010       4,600 - -   4,600 4,600 33.00 - 4,600 -
      1040 Gam and Gamma - 15 Docking Stations 04/13/2010 04/13/2010       4,718 - -   4,718 4,718 33.00 - 4,718 -
      1039 Data Safe - Credit 04/01/2010 04/01/2010       (13,647) - -   (13,647) (13,647) 33.00 - (13,647) -
      1038 Data Safe - Tera Station 04/01/2010 04/01/2010       19,142 - -   19,142 19,142 33.00 - 19,142 -
      1000 Best Buy - 40” LCD 04/01/2009 04/01/2009       4,063 - -   4,063 4,063 33.00 - 4,063 -
      1036 Data Safe - 5 Network Cameras 04/01/2010 04/01/2010       9,188 - -   9,188 9,188 33.00 - 9,188 -
      1010 Sheikh Technologies - 2 Servers 01/07/2009 01/07/2009       4,148 - -   4,148 4,148 33.00 - 4,148 -
      1033 Omnitech-Hard Disc 05/02/2010 05/02/2010       1,479 - -   1,479 1,479 33.00 - 1,479 -
      1032 Omnitech - Server 05/02/2010 05/02/2010       21,504 - -   21,504 21,504 33.00 - 21,504 -
      1031 Omnitech - Server 05/02/2010 05/02/2010       23,968 - -   23,968 23,968 33.00 - 23,968 -
      1028 Alltrade - 6 Lenovo 02/09/2010 02/09/2010       20,304 - -   20,304 20,304 33.00 - 20,304 -
      1026 Alltrade - 5 Lenovo Computers 01/01/2010 01/01/2010       17,604 - -   17,604 17,604 33.00 - 17,604 -
      1025 Malam - 2 Printers 01/01/2010 01/01/2010       5,000 - -   5,000 5,000 33.00 - 5,000 -
      1018 Alltrade - Computers 11/12/2009 11/12/2009       17,010 - -   17,010 17,010 33.00 - 17,010 -
      1017 Alltrade-Computer 11/12/2009 11/12/2009       3,402 - -   3,402 3,402 33.00 - 3,402 -
      908 Alltrade - 3 IBMs 04/01/2008 04/01/2008       13,698 - -   13,698 13,698 33.00 - 13,698 -
      1037 Data Safe - Juniper 04/01/2010 04/01/2010       2,412 - -   2,412 2,412 33.00 - 2,412 -
      822 Computer 01/22/2007 01/22/2007       8,410 - -   8,410 8,410 33.00 - 8,410 -
      910 Alltrade - 5 IBMs 04/01/2008 04/01/2008       13,991 - -   13,991 13,991 33.00 - 13,991 -
      847 Laptop 04/05/2007 04/05/2007       8,165 - -   8,165 8,165 33.00 - 8,165 -
      840 2 Lase Printers 03/29/2007 03/29/2007       1,853 - -   1,853 1,853 33.00 - 1,853 -
      839 Printers 02/27/2007 02/27/2007       1,255 - -   1,255 1,255 33.00 - 1,255 -
      835 Computers 03/08/2007 03/08/2007       17,459 - -   17,459 17,459 33.00 - 17,459 -
      834 Computers 03/14/2007 03/14/2007       12,328 - -   12,328 12,328 33.00 - 12,328 -
      833 19” Screens, Hard Drives (977) 03/18/2007 03/18/2007       1,486 - -   1,486 1,486 33.00 - 1,486 -
      832 3 Mobile Computers 03/26/2007 03/26/2007       14,348 - -   14,348 14,348 33.00 - 14,348 -
      831 Laptop Computer (Burner, Docking Station) 02/27/2007 02/27/2007       9,720 - -   9,720 9,720 33.00 - 9,720 -
      851  2 Laptops 05/01/2007 05/01/2007       6,902 - -   6,902 6,902 33.00 - 6,902 -
      827 IBM Server 02/19/2007 02/19/2007       2,327 - -   2,327 2,327 33.00 - 2,327 -
      852 3 Laptops 05/30/2007 05/30/2007       10,424 - -   10,424 10,424 33.00 - 10,424 -
      821 Computer Systems 02/06/2007 02/06/2007       9,570 - -   9,570 9,570 33.00 - 9,570 -
      820 Computer Systems 02/06/2007 02/06/2007       31,299 - -   31,299 31,299 33.00 - 31,299 -
      819 ThinkPad Mobile Computers    01/01/2007 01/01/2007       9,918 - -   9,918 9,918 33.00 - 9,918 -
      818 5 LG 19” Computer Monitors 01/16/2007 01/16/2007       5,223 - -   5,223 5,223 33.00 - 5,223 -
      808 5 Mobile Computers 10/30/2006 10/30/2006       16,200 - -   16,200 16,200 33.00 - 16,200 -
      807 Computer - Work Station 10/24/2006 10/24/2006       3,319 - -   3,319 3,319 33.00 - 3,319 -
      806 Laptop Computer 10/25/2006 10/25/2006       7,354 - -   7,354 7,354 33.00 - 7,354 -
      805 Server 10/16/2006 10/16/2006       5,177 - -   5,177 5,177 33.00 - 5,177 -
      803 LCD Monitor 09/18/2006 09/18/2006       1,299 - -   1,299 1,299 33.00 - 1,299 -
      828 IBM Laptop Computer 02/15/2007 02/15/2007       3,556 - -   3,556 3,556 33.00 - 3,556 -
      886 All-in-One Device 10/15/2007 10/15/2007       1,584 - -   1,584 1,584 33.00 - 1,584 -
      1059 Gam and Gamma- UPS 11/30/2010 11/30/2010       7,500 - -   7,500 7,500 33.00 - 7,500 -
      907 10 - Data Safe Monitors 04/06/2008 04/06/2008       11,220 - -   11,220 11,220 33.00 - 11,220 -
      906 DATESAFE EMC 04/13/2008 04/13/2008       35,427 - -   35,427 35,427 33.00 - 35,427 -
      902 DATASAFE 02/27/2008 02/27/2008       8,229 - -   8,229 8,229 33.00 - 8,229 -
Group: 3 - Computers and Office Software                                    
      901 Alltrade 01/31/2008 01/31/2008       26,251 - -   26,251 26,251 33.00 - 26,251 -
      900 DATASAFE 01/08/2008 01/08/2008       17,389 - -   17,389 17,389 33.00 - 17,389 -
      899 DATASAFE 01/01/2008 01/01/2008       4,651 - -   4,651 4,651 33.00 - 4,651 -
      898 Alltrade - Computers 01/01/2008 01/01/2008       2,513 - -   2,513 2,513 33.00 - 2,513 -
      897 Alltrade 01/01/2008 01/01/2008       17,297 - -   17,297 17,297 33.00 - 17,297 -
      850 Monitor + Printer and Adapter 03/25/2007 03/25/2007       2,560 - -   2,560 2,560 33.00 - 2,560 -
      887 All-in-One Device 10/15/2007 10/15/2007       1,727 - -   1,727 1,727 33.00 - 1,727 -
      909 DATASAFE - LCD IBM 04/01/2008 04/01/2008       55,500 - -   55,500 55,500 33.00 - 55,500 -
      883 CASE BLACK 10/30/2007 10/30/2007       5,433 - -   5,433 5,433 33.00 - 5,433 -
      878 PROMISE 10/25/2007 10/25/2007       13,647 - -   13,647 13,647 33.00 - 13,647 -
      877 22” Screens, Monitor and Arm (978) 10/22/2007 10/22/2007       7,840 - -   7,840 7,840 33.00 - 7,840 -
      875 IBM SERVER 10/01/2007 10/01/2007       9,432 - -   9,432 9,432 33.00 - 9,432 -
      874 Laptop Computers 10/01/2007 10/01/2007       25,109 - -   25,109 25,109 33.00 - 25,109 -
      869 Server - Bezeq Intl. 08/31/2007 08/31/2007       14,215 - -   14,215 14,215 33.00 - 14,215 -
      862 Alltrade Israel - 3 Laptops 07/17/2007 07/17/2007       10,914 - -   10,914 10,914 33.00 - 10,914 -
      858 Computer Components 01/01/2007 01/01/2007       13,100 - -   13,100 13,100 33.00 - 13,100 -
      856 2 Laptops Computers 05/14/2007 05/14/2007       10,610 - -   10,610 10,610 33.00 - 10,610 -
      888 IBM THINKPAD 10/31/2007 10/31/2007       31,000 - -   31,000 31,000 33.00 - 31,000 -
      1224 Titanus - Dell Server 01/29/2015 01/29/2015       24,200 - -   24,200 15,371 33.00 1,997 17,367 6,833
      1268 Alltrade Israel 10/01/2015 10/01/2015       3,757 - -   3,757 1,550 33.00 310 1,860 1,897
      1267 Alltrade Israel 10/01/2015 10/01/2015       1,565 - -   1,565 646 33.00 129 775 790
      1265 World of Cinema - 50” LED Monitor 09/09/2015 09/09/2015       1,525 - -   1,525 660 33.00 126 785 739
      1261 Alltrade-3 PCs 08/11/2015 08/11/2015       5,546 - -   5,546 2,543 33.00 458 3,001 2,545
      1260 Team Netcom - Lenovo 07/02/2015 07/02/2015       3,324 - -   3,324 1,642 33.00 274 1,917 1,407
      1251 Alltrade - 3 HP Computers 06/25/2015 06/25/2015       5,470 - -   5,470 2,738 33.00 451 3,189 2,281
      1231 Alltrade - 5 Lenovos 02/12/2015 02/12/2015       9,171 - -   9,171 5,702 33.00 757 6,458 2,713
      1230 Titanus - Dell Server 02/10/2015 02/10/2015       2,800 - -   2,800 1,746 33.00 231 1,977 823
      1055 Gam and Gamma - Hard Disc 11/21/2010 11/21/2010       2,300 - -   2,300 2,300 33.00 - 2,300 -
      1228 Alltrade - 14 Lenovo Computers 02/04/2015 02/04/2015       25,783 - -   25,783 16,231 33.00 2,127 18,359 7,424
      1279 Alltrade - IBM Servers 12/03/2015 12/03/2015       5,877 - -   5,877 2,091 33.00 485 2,575 3,302
      1223 Titanus - 10 Samsung Computer Monitors 01/01/2015 01/01/2015       6,350 - -   6,350 4,191 33.00 524 4,715 1,635
      1212 Alltrade - 2 Lenovos 11/18/2014 11/18/2014       3,631 - -   3,631 2,539 33.00 300 2,839 792
      1211 Advice Electronics 11/13/2014 11/13/2014       16,000 - -   16,000 11,264 33.00 1,320 12,584 3,416
      1210 Alltrade - 4 Lenovos 11/05/2014 11/05/2014       7,208 - -   7,208 5,127 33.00 595 5,722 1,486
      1206 Titanus - LCD Monitor 10/30/2014 10/30/2014       1,080 - -   1,080 774 33.00 89 863 217
      1188 Alltrade - 4 Lenovos 09/15/2014 09/15/2014       8,374 - -   8,374 6,340 33.00 691 7,031 1,343
      1187 Recomp Computers - 3 Lenovos 08/26/2014 08/26/2014       4,350 - -   4,350 3,373 33.00 359 3,732 618
      1183 Recomp - 11 Lenovo 04/28/2014 04/28/2014       15,950 - -   15,950 14,080 33.00 1,316 15,396 554
      1170 Recomp Computers - IBM Server 04/28/2014 04/28/2014       12,284 - -   12,284 10,844 33.00 1,013 11,857 427
      1229 Titanus- 1 IBM 02/04/2015 02/04/2015       7,000 - -   7,000 4,407 33.00 578 4,984 2,016
      1324 Titanus - Server With No Memory 12/25/2016 12/25/2016       2,050 - -   2,050 13 33.00 169 182 1,868
      1356 Vcode - 2 Ethernet Cards 01/09/2017 01/09/2017         - - 1,142 1,142 - 33.00 86 86 1,056
      1353 Titanus 12 Drives 01/01/2017 01/01/2017         - - 4,615 4,615 - 33.00 381 381 4,235
      1352 Titanus - 10 Computers + Hard Drive 02/08/2017 02/08/2017         - - 9,150 9,150 - 33.00 440 440 8,710
      1351 Team Netcom - Lexmark Printer 02/23/2017 02/23/2017         - - 1,500 1,500 - 33.00 50 50 1,450
      1350 Team Netcom - HP Printer 01/08/2017 01/08/2017         - - 2,452 2,452 - 33.00 187 187 2,265
      1349 Vcode - Ethernet Card 01/09/2017 01/09/2017         - - 6,160 6,160 - 33.00 464 464 5,695
      1345 Titanus 3 Lenovo Computers 02/14/2017 02/14/2017         - - 18,540 18,540 - 33.00 783 783 17,757
      1344 Office Depot 6 Computers 01/25/2017 01/25/2017         - - 7,225 7,225 - 33.00 442 442 6,783
      1333 Titanus - Server + 2 Processors 12/21/2016 12/21/2016       14,742 - -   14,742 144 33.00 1,216 1,360 13,382
      1273 Alltrade Israel - 5 Lenovos 11/17/2015 11/17/2015       8,845 - -   8,845 3,276 33.00 730 4,005 4,840
      1331 Titanus Hard Drive - 10 + Batteries 11/22/2016 11/22/2016       8,450 - -   8,450 302 33.00 697 999 7,451
      1278 Alltrade Israel - 2 HPs 12/02/2015 12/02/2015       3,761 - -   3,761 1,341 33.00 310 1,651 2,109
      1323  Titanus  3 Lenovo Computers 11/16/2016 11/16/2016       21,384 - -   21,384 882 33.00 1,764 2,646 18,738
      1320 Software Development - Kitaron 09/18/2016 09/18/2016       18,810 - -   18,810 1,776 33.00 1,552 3,328 15,482
      1317 Hard Drive - Titanus 04/13/2016 09/01/2016       2,880 - -   2,880 317 33.00 238 554 2,326
      1303 BM Blechman Mannes-Containers 06/30/2016 06/30/2016       45,668 - -   45,668 7,577 33.00 3,768 11,345 34,324
      1302 Dakar Medical 06/23/2016 06/23/2016       4,500 - -   4,500 776 33.00 371 1,147 3,353
      1298 All In Trade - Server 01/25/2016 05/01/2016       6,779 - -   6,779 1,491 33.00 559 2,051 4,728
      1287 10 LENOVO Computers 01/17/2016 01/17/2016       19,114 - -   19,114 6,036 33.00 1,577 7,613 11,501
Group: 3 - Computers and Office Software                                    
      1280 Team Netcom 5 LCD monitors 12/13/2015 12/13/2015       2,991 - -   2,991 1,038 33.00 247 1,284 1,707
      1160 All Trade -- Hitachi 01/19/2014 01/19/2014       2,291 - -   2,291 2,231 33.00 59 2,291 -
      1332 Titanus - 20 Docking stations 12/08/2016 12/08/2016       9,000 - -   9,000 192 33.00 743 934 8,066
      1071 Gam and Gamma - LCD 01/23/2011 01/23/2011       950 - -   950 950 33.00 - 950 -
      1168 Argo Computers - Server 01/11/2014 01/11/2014       4,212 - -   4,212 3,669 33.00 347 4,017 195
      1089 Argo Computers 07/05/2011 07/05/2011       8,956 - -   8,956 8,956 33.00 - 8,956 -
      1084 Argo - Disk for server 06/01/2011 06/01/2011       2,639 - -   2,639 2,639 33.00 - 2,639 -
      1080 MALAM - Lexmark Printer 05/12/2011 05/12/2011       3,188 - -   3,188 3,188 33.00 - 3,188 -
      1079 Gam and Gamma - 5 T400 laptops 05/05/2011 05/05/2011       18,315 - -   18,315 18,315 33.00 - 18,315 -
      1078 Gam and Gamma - Docking Station 04/01/2011 04/01/2011       720 - -   720 720 33.00 - 720 -
      1077 Gam and Gamma - 2 T410 laptops 04/01/2011 04/01/2011       10,000 - -   10,000 10,000 33.00 - 10,000 -
      1076 Manageware - Server 04/01/2011 04/01/2011       4,727 - -   4,727 4,727 33.00 - 4,727 -
      1075 Gam and Gamma - 5 T400 laptops 04/01/2011 04/01/2011       19,000 - -   19,000 19,000 33.00 - 19,000 -
      1091 Argo Computers - WiFi (Routers) 08/21/2011 08/21/2011       6,257 - -   6,257 6,257 33.00 - 6,257 -
      1072 Argo - 4 Hard disks 01/31/2011 01/31/2011       1,111 - -   1,111 1,111 33.00 - 1,111 -
      1094 Argo Computers - 2 IBM computers 09/21/2011 09/21/2011       2,606 - -   2,606 2,606 33.00 - 2,606 -
      1070 Gam and Gamma - 2 LCD 01/19/2011 01/19/2011       1,300 - -   1,300 1,300 33.00 - 1,300 -
      1069 Argo Computers - UPS 02/13/2011 02/13/2011       4,837 - -   4,837 4,837 33.00 - 4,837 -
      1068 Gam and Gamma - 10 Docking stations 02/10/2011 02/10/2011       3,300 - -   3,300 3,300 33.00 - 3,300 -
      1067 Argo Computers - 5 PED monitors 01/23/2011 01/23/2011       4,095 - -   4,095 4,095 33.00 - 4,095 -
      1066 MALAM Team - Lexmark Printer 01/11/2011 01/11/2011       1,350 - -   1,350 1,350 33.00 - 1,350 -
      1065 Gam and Gamma - LENOVO Laptop computer 01/03/2011 01/03/2011       3,863 - -   3,863 3,863 33.00 - 3,863 -
      1062 Gam and Gamma 3 LENOVO computers 12/26/2010 12/26/2010       11,700 - -   11,700 11,700 33.00 - 11,700 -
      1061 Gam and Gamma - 5 LCD monitors 12/13/2010 12/13/2010       3,750 - -   3,750 3,750 33.00 - 3,750 -
      1060 MALAM Team 2 LEXMARK Printers 08/01/2010 10/01/2010       4,300 - -   4,300 4,300 33.00 - 4,300 -
      1073 Gam and Gamma - Docking stations 03/29/2011 03/29/2011       780 - -   780 780 33.00 - 780 -
      1128 Lenovo Laptops - Purchased in the US 08/13/2012 08/13/2012       20,358 - -   20,358 20,358 33.00 - 20,358 -
      947 Data Safe 11/06/2008 11/06/2008       1,630 - -   1,630 1,630 33.00 - 1,630 -
      1152 All Trade - Server 08/14/2013 08/14/2013       4,841 - -   4,841 4,841 33.00 - 4,841 -
      1150   07/24/2013 07/24/2013       3,251 - -   3,251 3,251 33.00 - 3,251 -
      1149 Argo Computers - LapAccUps 07/16/2013 07/16/2013       4,286 - -   4,286 4,286 33.00 - 4,286 -
      1146 All Trade - Projector 06/26/2013 06/26/2013       2,367 - -   2,367 2,367 33.00 - 2,367 -
      1145 All Trade - Lenovo 06/01/2013 06/01/2013       5,186 - -   5,186 5,186 33.00 - 5,186 -
      1138 All Trade - 2 Lenovo Computers 04/25/2013 04/25/2013       7,603 - -   7,603 7,603 33.00 - 7,603 -
      1137 All Trade - IBM Server 04/24/2013 04/24/2013       2,563 - -   2,563 2,563 33.00 - 2,563 -
      1136 All Trade -  2 IBM Servers 04/22/2013 04/22/2013       9,897 - -   9,897 9,897 33.00 - 9,897 -
      1090 Gam and Gamma - Laptop 07/21/2011 07/21/2011       4,040 - -   4,040 4,040 33.00 - 4,040 -
      1131 Argo - 6 Lenovo computers + monitors 08/05/2012 08/05/2012       18,684 - -   18,684 18,684 33.00 - 18,684 -
      1162 Recomp Computers - 4 Lenovos 03/13/2014 03/13/2014       5,800 - -   5,800 5,361 33.00 439 5,800 -
      1123 Malam - Lexmark Printer 07/18/2012 07/18/2012       2,500 - -   2,500 2,500 33.00 - 2,500 -
      1122 Argo Computers - Net and flash disc 07/09/2012 07/09/2012       21,137 - -   21,137 21,137 33.00 - 21,137 -
      1116 Argo Computers - LED 22” Monitor 06/18/2012 06/18/2012       3,797 - -   3,797 3,797 33.00 - 3,797 -
      1112 Argo Computers - Server 05/22/2012 05/22/2012       3,235 - -   3,235 3,235 33.00 - 3,235 -
      1111 BUG - Archos Tablet 04/04/2012 04/04/2012       1,422 - -   1,422 1,422 33.00 - 1,422 -
      1107 Bo-Dimex Printer 10/06/2011 02/01/2012       2,502 - -   2,502 2,502 33.00 - 2,502 -
      1100 Argo Computers - 2 Lenovo computers 11/29/2011 11/29/2011       5,176 - -   5,176 5,176 33.00 - 5,176 -
      1099 Argo Computers - 1 Dell computer 10/01/2011 10/01/2011       3,196 - -   3,196 3,196 33.00 - 3,196 -
      1098 Argo Computers - 4 Dell computers 10/01/2011 10/01/2011       12,898 - -   12,898 12,898 33.00 - 12,898 -
      1135 All Trade - Lenovo laptop 04/18/2013 04/18/2013       3,806 - -   3,806 3,806 33.00 - 3,806 -
      766 LCD Monitor 19” 02/27/2006 02/27/2006       1,898 - -   1,898 1,898 33.00 - 1,898 -
      787 Laptop Computer 06/12/2006 06/12/2006       16,990 - -   16,990 16,990 33.00 - 16,990 -
      786 Palm Computer 03/07/2006 03/07/2006       2,145 - -   2,145 2,145 33.00 - 2,145 -
      949 Data Safe 11/06/2008 11/06/2008       25,550 - -   25,550 25,550 33.00 - 25,550 -
      790 InkJet Printer 06/20/2006 06/20/2006       1,680 - -   1,680 1,680 33.00 - 1,680 -
      781 Palm Computers 05/28/2006 05/28/2006       3,149 - -   3,149 3,149 33.00 - 3,149 -
      768 2 Palm Computers and three navigational programs 02/16/2006 02/16/2006       6,673 - -   6,673 6,673 33.00 - 6,673 -
      767 LCD Monitor 19” 02/27/2006 02/27/2006       1,898 - -   1,898 1,898 33.00 - 1,898 -
      765 Computer 01/22/2006 01/22/2006       12,843 - -   12,843 12,843 33.00 - 12,843 -
      764 LCD Monitor 17” 01/01/2006 01/01/2006       1,300 - -   1,300 1,300 33.00 - 1,300 -
Total Group: 3 - Computers and Office Software               3,264,081 - - 50,785 3,314,866 3,061,840   31,748 3,093,588 221,278
Group: 3 - Computers and Office Software                                    
                                       
Group: 4 - Leasehold Improvements.                                    
      958 Optum 10/30/2008 01/20/2009       5,714 - -   5,714 4,542 10.00 143 4,685 1,029
      895 Optum - Ofek 4 01/30/2008 01/20/2009       5,714 - -   5,714 4,542 10.00 143 4,685 1,029
      1022 Shemer Electrical - Work 12/29/2009 12/29/2009       3,400 - -   3,400 2,383 10.00 85 2,468 932
      894 Architect Rami Ron - Ofek 4 01/03/2008 01/20/2009       28,500 - -   28,500 22,654 10.00 713 23,367 5,133
      893 Optum - Ofek 4 01/01/2008 01/20/2009       5,714 - -   5,714 4,542 10.00 143 4,685 1,029
      892 Optum - Ofek 4 11/30/2007 11/30/2007       5,714 - -   5,714 - - - - 5,714
      891 Optum - Ofek 4 10/30/2007 08/01/2008       5,714 - -   5,714 - - - - 5,714
      890 Optum - Ofek 4 10/01/2007 08/01/2008       5,714 - -   5,714 - - - - 5,714
      889 Architect Rami Ron - Ofek 4 11/15/2007 08/01/2008       19,000 - -   19,000 - - - - 19,000
      955 Shemer Electrical 10/01/2008 01/20/2009       54,546 - -   54,546 43,358 10.00 1,364 44,721 9,824
      1164 Shemer Electronics 03/12/2014 03/12/2014       5,000 - -   5,000 1,402 10.00 125 1,527 3,473
      957 Architect Rami Ron 10/23/2008 01/20/2009       9,500 - -   9,500 7,551 10.00 238 7,789 1,711
      1184 Alpine Systems - Fire Extinguishing Systems 06/30/2014 06/30/2014       6,150 - -   6,150 1,539 10.00 154 1,693 4,457
      959 Moked Amon - Security 10/31/2008 01/20/2009       4,511 - -   4,511 3,586 10.00 113 3,699 812
      960 Shemer Electrical 12/15/2008 01/20/2009       29,170 - -   29,170 23,187 10.00 729 23,916 5,254
      961 Optum 12/30/2008 01/20/2009       11,428 - -   11,428 9,084 10.00 286 9,370 2,058
      1242 Shemer Electronics 04/01/2015 04/01/2015       3,430 - -   3,430 600 10.00 86 686 2,744
      1269 Shemer Electronics 10/15/2015 10/15/2015       25,214 - -   25,214 3,057 10.00 630 3,687 21,527
      1243 Shemer Electronics 04/01/2015 04/01/2015       10,851 - -   10,851 1,899 10.00 271 2,170 8,681
      1064 Kochav Zoheir - Concrete Wall Construction 12/31/2010 12/31/2010       13,500 - -   13,500 8,104 10.00 338 8,441 5,059
      499 Alarm System 07/22/1998 07/22/1998       7,413 - -   7,413 7,413 14.00 - 7,413 -
      939 Optum - Ofek 4 07/30/2008 01/20/2009       5,714 - -   5,714 4,542 10.00 143 4,685 1,029
      500 Blinds 07/28/1998 07/28/1998       8,200 - -   8,200 8,200 14.00 - 8,200 -
      956 Optum 10/01/2008 01/20/2009       5,714 - -   5,714 4,542 10.00 143 4,685 1,029
      1115 Zoher A. Zoher - Construction of Ramp 05/16/2012 05/16/2012       3,000 - -   3,000 1,388 10.00 75 1,463 1,537
      938 Architect Rami Ron 07/08/2008 01/20/2009       22,000 - -   22,000 17,488 10.00 550 18,038 3,962
      936 Status 4 You - Furniture 09/22/2008 01/21/2009       47,960 - -   47,960 38,110 10.00 1,199 39,309 8,651
      940 Architect Rami Ron 08/10/2008 01/20/2009       14,250 - -   14,250 11,327 10.00 356 11,683 2,567
      941 Optum - Ofek 4 08/30/2008 01/20/2009       5,714 - -   5,714 4,542 10.00 143 4,685 1,029
      1086 Art Kor Air Conditioning 06/19/2011 06/19/2011       10,730 - -   10,730 5,937 10.00 268 6,206 4,524
      1074 Shemer Electronics 02/21/2011 02/21/2011       2,200 - -   2,200 1,289 10.00 55 1,344 856
      921 Optum - Ofek 4 06/30/2008 01/20/2009       5,714 - -   5,714 4,542 10.00 143 4,685 1,029
      920 Optum - Ofek 4 05/30/2008 01/20/2009       5,714 - -   5,714 4,542 10.00 143 4,685 1,029
      919 Optum - Ofek 4 04/30/2008 01/20/2009       5,714 - -   5,714 4,542 10.00 143 4,685 1,029
      918 Optum - Ofek 4 04/01/2008 01/20/2009       5,714 - -   5,714 4,542 10.00 143 4,685 1,029
      896 Architect Rami Ron - Ofek 4 02/04/2008 01/20/2009       14,250 - -   14,250 11,327 10.00 356 11,683 2,567
      1102 Futon Radiation Protection 11/30/2011 11/30/2011       11,200 - -   11,200 5,696 10.00 280 5,976 5,224
      1190 Hamami Yinon - Electricity 08/31/2014 08/31/2014       3,100 - -   3,100 724 10.00 77 802 2,298
      1124 Hamami Yinon - Electrical Work 07/01/2012 07/01/2012       5,670 - -   5,670 2,552 10.00 142 2,693 2,977
      1125 Shemer Electrical 07/11/2012 07/11/2012       4,464 - -   4,464 1,997 10.00 112 2,108 2,356
      1126 Hamami Yinon - Electrical Work 07/25/2012 07/25/2012       3,345 - -   3,345 1,484 10.00 84 1,567 1,778
      1132 Shemer Electrical 11/12/2012 11/12/2012       2,655 - -   2,655 1,328 10.00 66 1,394 1,261
      1027 Hamami Yinon - Electrical Work 01/31/2010 01/31/2010       17,025 - -   17,025 11,780 10.00 426 12,206 4,819
      1155 Hamami Yinon 11/19/2013 11/19/2013       5,090 - -   5,090 1,586 10.00 127 1,714 3,376
      1161 Shemer Electrical 01/06/2014 01/06/2014       7,005 - -   7,005 2,092 10.00 175 2,267 4,738
      1171 Ron Har Architect 06/18/2014 06/18/2014       4,750 - -   4,750 1,205 10.00 119 1,323 3,427
      1179 Ron Har Architect 07/13/2014 07/13/2014       9,500 - -   9,500 2,344 10.00 238 2,582 6,918
      1255 Shemer Electronics 07/30/2015 07/30/2015       41,513 - -   41,513 5,903 10.00 1,038 6,941 34,572
      917 Optum - Ofek 4 04/01/2008 01/20/2009       5,714 - -   5,714 4,542 10.00 143 4,685 1,029
      1014 Shemer Electronics - Electrical and Communications Works 07/06/2009 07/06/2009       43,299 - -   43,299 32,416 10.00 1,082 33,499 9,800
      993 El-Av 01/15/2009 01/15/2009       13,315 - -   13,315 10,602 10.00 333 10,935 2,380
      1330 S.M.R. Electrical Works and Conference Rooms Construction 11/23/2016 11/23/2016       76,194 - -   76,194 804 10.00 1,905 2,709 73,485
      1315 Shlomi Design Plasterboard Conference Rooms 08/21/2016 09/01/2016       15,200 - -   15,200 507 10.00 380 887 14,313
      1316 Shiltomat - Office Signage Engraving 09/13/2016 09/13/2016       2,700 - -   2,700 81 10.00 68 149 2,552
      995 Livni-Plast Neon Signs 01/28/2009 01/28/2009       7,800 - -   7,800 6,183 10.00 195 6,378 1,422
      996 Optum 01/30/2009 01/30/2009       9,572 - -   9,572 7,583 10.00 239 7,822 1,750
      997 Shemer Electronics 02/12/2009 02/12/2009       65,782 - -   65,782 51,862 10.00 1,645 53,507 12,275
      992 Lahav 01/15/2009 01/15/2009       14,800 - -   14,800 11,784 10.00 370 12,154 2,646
      501 Structural Improvements 08/01/1998 08/01/1998       14,600 - -   14,600 14,600 14.00 - 14,600 -
      561 Parquet 12/03/2004 12/03/2004       6,600 - -   6,600 6,600 100.00 - 6,600 -
Group: 4 - Leasehold Improvements.                                    
      1003 Amnor Caesarea 04/01/2009 04/01/2009       32,505 - -   32,505 25,191 10.00 813 26,004 6,501
      1004 Hamami Yinon 05/01/2009 05/01/2009       5,400 - -   5,400 4,140 10.00 135 4,275 1,125
      1005 Hamami Yinon 05/20/2009 05/20/2009       5,900 - -   5,900 4,493 10.00 148 4,641 1,259
      1042 Hermonit - Evaporator Installation 04/01/2010 04/01/2010       5,500 - -   5,500 3,713 10.00 137 3,850 1,650
      1326 Shemer Electrical Works 07/30/2016 07/30/2016       1,545 - -   1,545 65 10.00 39 104 1,441
      1327 Parquet - Praktico 11/01/2016 11/01/2016       1,643 - -   1,643 27 10.00 41 68 1,574
      1328 Shemer Monitoring Works 11/23/2016 11/23/2016       3,690 - -   3,690 39 10.00 92 131 3,559
      1329 Shemer Electrical Works 11/23/2016 11/23/2016       1,825 - -   1,825 19 10.00 46 65 1,760
      1015 Shemer Electronics - Electrical and Communications Works 08/30/2009 08/30/2009       6,793 - -   6,793 4,985 10.00 170 5,155 1,638
      1296 Parquet First Floor 04/17/2016 04/17/2016       3,090 - -   3,090 218 10.00 77 295 2,794
      1348 Shemer - Network Points in Production 01/15/2017 01/15/2017         - - 1,360 1,360 - 10.00 29 29 1,331
      994 Leanne Marble 01/20/2009 01/20/2009       8,855 - -   8,855 7,039 10.00 221 7,260 1,595
      962 Architect Rami Ron 12/31/2008 01/20/2009       9,500 - -   9,500 7,551 10.00 238 7,789 1,711
      1306 Ofer Storliro - Conference Room 08/21/2016 08/21/2016       1,000 - -   1,000 36 10.00 25 61 939
      989 Shemer Electronics 01/08/2009 01/08/2009       20,000 - -   20,000 15,962 10.00 500 16,462 3,538
      1347 Moked Amon - Alarm System 11/30/2016 01/01/2017       4,171 - -   4,171 - 10.00 104 104 4,067
      990 Lior Shemer - Furniture 01/12/2009 01/12/2009       70,000 - -   70,000 55,793 10.00 1,750 57,543 12,457
      1016 Shemer Electronics - Electrical and Communications Works 08/30/2009 08/30/2009       1,710 - -   1,710 1,255 10.00 43 1,298 412
      991 Shemer Electronics 01/14/2009 01/14/2009       20,000 - -   20,000 15,930 10.00 500 16,430 3,570
      1063 Shemer Electrical Works 12/29/2010 12/29/2010       7,195 - -   7,195 4,323 10.00 180 4,503 2,692
      552 Carpet 09/21/2000 09/21/2000       2,260 - -   2,260 2,260 100.00 - 2,260 -
      1021 Shemer Electrical - Work 10/04/2009 10/04/2009       3,400 - -   3,400 2,462 10.00 85 2,547 853
      982 Pinchas - Kitchen Sink 01/15/2009 01/15/2009       3,000 - -   3,000 2,389 10.00 75 2,464 536
Total Group: 4 - Leasehold Improvements.               1,038,359 - - 1,360 1,039,719 620,451   24,108 644,558 395,161
Group: 5 - Tools.                                    
      659 QCC Credit 08/10/2001 08/10/2001       (149) - -   (149) (149) 15.00 - (149) -
      660 Function Generator, Oscilloscope, Gauge 08/14/2001 08/14/2001       991 - -   991 991 15.00 - 991 -
      680 Tools 07/15/2002 07/15/2002       615 - -   615 615 15.00 - 615 -
      661 Gallon of antistatic wax 08/21/2001 08/21/2001       336 - -   336 336 15.00 - 336 -
      681 Tools 07/25/2002 07/25/2002       9,388 - -   9,388 9,388 15.00 - 9,388 -
      684 U.BAR RING Molds 09/30/2002 09/30/2002       1,944 - -   1,944 1,944 15.00 - 1,944 -
      683 Frames - Lab Equipment 08/14/2002 08/14/2002       2,600 - -   2,600 2,600 15.00 - 2,600 -
      682 Molds 07/31/2002 07/31/2002       2,350 - -   2,350 2,350 15.00 - 2,350 -
      664 Set of Molds 10/30/2001 10/30/2001       16,990 - -   16,990 16,990 15.00 - 16,990 -
      662 Superglue 09/05/2001 09/05/2001       20 - -   20 20 15.00 - 20 -
      666 Container 01/01/2002 01/01/2002       2,640 - -   2,640 2,640 15.00 - 2,640 -
      658 Electric Digital Pressure Gauge 08/10/2001 08/10/2001       122 - -   122 122 15.00 - 122 -
      672 Tools-Microchip 03/17/2002 03/17/2002       874 - -   874 874 15.00 - 874 -
      671 Triplex-RSC DW 02/28/2002 02/28/2002       1,053 - -   1,053 1,053 15.00 - 1,053 -
      670 Tools - Microchip HaGolan 02/27/2002 02/27/2002       1,748 - -   1,748 1,748 15.00 - 1,748 -
      674 Molds - Castings 04/25/2002 04/25/2002       20,496 - -   20,496 20,496 15.00 - 20,496 -
      669 Molds - Castings 01/31/2002 01/31/2002       3,696 - -   3,696 3,696 15.00 - 3,696 -
      677 Lab Equipment 05/13/2002 05/13/2002       1,750 - -   1,750 1,750 15.00 - 1,750 -
      667 Lamination press thimble 01/01/2002 01/01/2002       1,720 - -   1,720 1,720 15.00 - 1,720 -
      655 SAFETY SET-UP 07/22/2001 07/22/2001       1,577 - -   1,577 1,577 15.00 - 1,577 -
      675 Palettes Dolly 04/30/2002 04/30/2002       3,150 - -   3,150 3,150 7.00 - 3,150 -
      665 Molds 01/01/2002 01/01/2002       2,083 - -   2,083 2,083 15.00 - 2,083 -
      657 Amtek 08/07/2001 08/07/2001       491 - -   491 491 15.00 - 491 -
      663 Changes in Molds 09/30/2001 09/30/2001       2,175 - -   2,175 2,175 15.00 - 2,175 -
      673 Tools - Microchip HaGolan 04/01/2002 04/01/2002       2,640 - -   2,640 2,640 15.00 - 2,640 -
      656 Tools - MBA Hazorea 07/31/2001 07/31/2001       2,988 - -   2,988 2,988 15.00 - 2,988 -
      679 Molds 06/30/2002 06/30/2002       4,293 - -   4,293 4,293 15.00 - 4,293 -
      668 Molds 01/31/2002 01/31/2002       64,680 - -   64,680 64,680 15.00 - 64,680 -
      1308 Koby Greenberg Molds Supervision 03/01/2017 03/01/2017         - - 2,400 2,400 - - - - 2,400
      1308 Blechman 163133 Molds 11/30/2016 11/30/2016       19,495 - -   19,495 - - - - 19,495
      1319 ThorLab Spectometer 4 01/01/2017 02/19/2017         - - 34,688 34,688 - 15.00 588 588 34,099
      1319 FESTO 06/01/2016 02/19/2017       408 - -   408 - 15.00 7 7 401
      1319 FESTO 12/01/2016 02/19/2017       5,475 - -   5,475 - 15.00 93 93 5,382
      1319 M.M.D. 455  P- 1007 08/09/2016 02/19/2017       1,200 - -   1,200 - 15.00 20 20 1,180
      796 Molds 06/29/2006 06/29/2006       6,258 - -   6,258 6,258 15.00 - 6,258 -
      1319 LED Checking Device P-1007 MMD 517 09/05/2016 09/05/2016       7,050 - -   7,050 - - - - 7,050
      795 Mold - Pressure Installation 07/31/2006 07/31/2006       2,376 - -   2,376 2,376 15.00 - 2,376 -
      1308 Kobi Greenberg - Mold Manufacturing Supervision 01/01/2017 01/01/2017         - - 5,400 5,400 - - - - 5,400
      1308 MMD Microchip Machining 468 Molds 06/02/2016 06/02/2016       600 - -   600 - - - - 600
      1308 Kobi Greenberg 558 Molds 10/01/2016 10/01/2016       6,000 - -   6,000 - - - - 6,000
      1308 Kobi Greenberg 572 Molds 12/01/2016 12/01/2016       4,800 - -   4,800 - - - - 4,800
      1308 Kobi Greenberg 565 Molds 11/01/2016 11/01/2016       3,600 - -   3,600 - - - - 3,600
      715 CADCAM Industries 02/28/2005 02/28/2005       9,880 - -   9,880 9,880 15.00 - 9,880 -
      1319 M.M.D. 472  P- 1007 06/16/2016 02/19/2017       3,150 - -   3,150 - 15.00 53 53 3,097
      754 Silicone Seal Mold 09/30/2005 09/30/2005       5,728 - -   5,728 5,728 15.00 - 5,728 -
      1360 Koby Greenberg Molds Supervision 02/01/2017 02/01/2017         - - 4,800 4,800 - 15.00 120 120 4,680
      1358 Yerucham Automation 03/14/2017 03/14/2017         - - 310 310 - 15.00 2 2 308
      1357 MMD Machining HS 593 02/27/2017 02/27/2017         - - 5,000 5,000 - 15.00 67 67 4,933
      758 INTERNAL RING Mold 11/30/2005 11/30/2005       6,934 - -   6,934 6,934 15.00 - 6,934 -
      757 INTERNAL RING Mold 11/13/2005 11/13/2005       7,021 - -   7,021 7,021 15.00 - 7,021 -
      797 Molds 06/29/2006 06/29/2006       36,366 - -   36,366 36,366 15.00 - 36,366 -
      755 Molds - CADCAM 12/25/2005 12/25/2005       19,236 - -   19,236 19,236 15.00 - 19,236 -
      1308 Blechman 163135 Molds 11/30/2016 11/30/2016       9,090 - -   9,090 - - - - 9,090
      753 Silicone Seal Mold 08/10/2005 08/10/2005       5,646 - -   5,646 5,646 15.00 - 5,646 -
      752 Template 12/12/2005 12/12/2005       950 - -   950 950 15.00 - 950 -
      750 Oil-Free Compressor 09/22/2005 09/22/2005       5,500 - -   5,500 5,500 15.00 - 5,500 -
      1343 Gig's upgrade 12/12/2016 12/12/2016       219 - -   219 2 15.00 8 10 209
      1338  Farnell - Smoke Extractor 11/30/2016 11/30/2016       2,952 - -   2,952 38 15.00 111 149 2,803
      794 Mold Manufacturing 07/31/2006 07/31/2006       2,218 - -   2,218 2,218 15.00 - 2,218 -
      756 Molds - Blechman Mannes 09/29/2005 09/29/2005       29,685 - -   29,685 29,685 15.00 - 29,685 -
Group: 5 - Tools.                                    
      692 Molds - Blechman Mannes 12/30/2004 12/30/2004       37,731 - -   37,731 37,731 15.00 - 37,731 -
      1308 GTI Tiran 01/000951 11/21/2016 11/21/2016       900 - -   900 - - - - 900
      779 SEAL SILICON MOLD 03/26/2006 03/26/2006       4,915 - -   4,915 4,915 15.00 - 4,915 -
      780 TAB BOTTOM MOLD 05/01/2006 05/01/2006       12,383 - -   12,383 12,383 15.00 - 12,383 -
      717 INTERNAL RING MOLDS 01/20/2005 01/20/2005       15,568 - -   15,568 15,568 15.00 - 15,568 -
      676 Molds - Castings 05/07/2002 05/07/2002       2,922 - -   2,922 2,922 15.00 - 2,922 -
      776 Molds 02/23/2006 02/23/2006       4,948 - -   4,948 4,948 15.00 - 4,948 -
      654 Silica 1/2 Unit 07/16/2001 07/16/2001       383 - -   383 383 15.00 - 383 -
      728 Air Compressor 03/15/2005 03/15/2005       2,327 - -   2,327 2,327 15.00 - 2,327 -
      691 Molds - Blechman Mannes 11/24/2004 11/24/2004       39,330 - -   39,330 39,330 15.00 - 39,330 -
      690 Molds - Microchip HaGolan 04/28/2004 04/28/2004       3,618 - -   3,618 3,618 15.00 - 3,618 -
      689 Molds - Blechman Mannes 07/31/2003 07/31/2003       5,049 - -   5,049 5,049 15.00 - 5,049 -
      688 Molds - Blechman Mannes 02/07/2003 02/07/2003       4,925 - -   4,925 4,925 15.00 - 4,925 -
      687 U-BAR RING Mold 03/19/2003 03/19/2003       7,319 - -   7,319 7,319 15.00 - 7,319 -
      686 Molds 02/28/2003 02/28/2003       3,250 - -   3,250 3,250 15.00 - 3,250 -
      716 THIMBLE Molds 01/12/2005 01/12/2005       13,915 - -   13,915 13,915 15.00 - 13,915 -
      800 Molds 06/15/2006 06/15/2006       13,038 - -   13,038 13,038 15.00 - 13,038 -
      1308 Blechman 163134 Molds 11/30/2016 11/30/2016       22,086 - -   22,086 - - - - 22,086
      1308 Kobi Greenberg 546 Molds 08/01/2016 08/01/2016       5,400 - -   5,400 338 15.00 203 540 4,860
      1308 Blechman - Molds 163114 10/10/2016 10/10/2016       43,659 - -   43,659 - - - - 43,659
      1308 Molds - Project 2052-7 Blechman 08/29/2016 08/29/2016       130,414 - -   130,414 - - - - 130,414
      798 Molds 07/24/2006 07/24/2006       26,748 - -   26,748 26,748 15.00 - 26,748 -
      777 Pressure Gauge 02/28/2006 02/28/2006       13,160 - -   13,160 13,160 15.00 - 13,160 -
      740 Molds 06/30/2005 06/30/2005       20,536 - -   20,536 20,536 15.00 - 20,536 -
      685 Molds - R.A. CADCAM 10/14/2002 10/14/2002       18,278 - -   18,278 18,278 15.00 - 18,278 -
      771 TAB TOP 01/01/2006 01/01/2006       19,188 - -   19,188 19,188 15.00 - 19,188 -
      772 JIG DUPLICATION 01/23/2006 01/23/2006       2,727 - -   2,727 2,727 15.00 - 2,727 -
      1240 Epsilon Tools Industries 03/26/2015 03/26/2015       5,725 - -   5,725 3,337 33.00 472 3,809 1,916
      773 Molds 01/09/2006 01/09/2006       6,452 - -   6,452 6,452 15.00 - 6,452 -
      774 Molds 01/01/2006 01/01/2006       38,640 - -   38,640 38,640 15.00 - 38,640 -
      775 Molds 02/23/2006 02/23/2006       39,581 - -   39,581 39,581 15.00 - 39,581 -
      799 Molds 07/28/2006 07/28/2006       43,394 - -   43,394 43,394 15.00 - 43,394 -
      653 Graphic Design for Adhesive Tape 07/09/2001 07/09/2001       1,049 - -   1,049 1,049 15.00 - 1,049 -
      628 Knife 01/10/2001 01/10/2001       51 - -   51 51 15.00 - 51 -
      607 Belt Checking Machine 08/07/2000 08/07/2000       1,975 - -   1,975 1,975 15.00 - 1,975 -
      608 Crate and lid 08/15/2000 08/15/2000       697 - -   697 697 15.00 - 697 -
      609 Oklit Tools 08/29/2000 08/29/2000       3,814 - -   3,814 3,814 15.00 - 3,814 -
      880 NETA LAZAROVIZ 10/01/2007 10/01/2007       1,263 - -   1,263 1,263 15.00 - 1,263 -
      610 Hook 08/31/2000 08/31/2000       1,315 - -   1,315 1,315 15.00 - 1,315 -
      611 Rolls Box 09/18/2000 09/18/2000       590 - -   590 590 15.00 - 590 -
      612 D.C. Pack Tools 09/18/2000 09/18/2000       1,142 - -   1,142 1,142 15.00 - 1,142 -
      613 Hook 09/19/2000 09/19/2000       185 - -   185 185 15.00 - 185 -
      614 Argaz [Crate] 09/20/2000 09/20/2000       1,606 - -   1,606 1,606 15.00 - 1,606 -
      605 Silicone Containers 06/27/2000 06/27/2000       840 - -   840 840 15.00 - 840 -
      615 Overall 09/30/2000 09/30/2000       412 - -   412 412 15.00 - 412 -
      866 Molds Blechman Mannes 08/30/2007 08/30/2007       3,085 - -   3,085 3,085 15.00 - 3,085 -
      617 FARNELL 10/19/2000 10/19/2000       1,806 - -   1,806 1,806 15.00 - 1,806 -
      618 Rolls Box 10/26/2000 10/26/2000       166 - -   166 166 15.00 - 166 -
      619 Arrow/Rapak Tools 11/01/2000 11/01/2000       172 - -   172 172 15.00 - 172 -
      620 Tal-Mir Tools 11/01/2000 11/01/2000       582 - -   582 582 15.00 - 582 -
      621 Motinit - Tools 11/05/2000 11/05/2000       1,004 - -   1,004 1,004 15.00 - 1,004 -
      622 Knife 11/05/2000 11/05/2000       12 - -   12 12 15.00 - 12 -
      623 Transportation Mold 11/06/2000 11/06/2000       3,500 - -   3,500 3,500 15.00 - 3,500 -
      624 Stati Tech Tools 11/12/2000 11/12/2000       412 - -   412 412 15.00 - 412 -
      625 Multimeter 11/14/2000 11/14/2000       765 - -   765 765 15.00 - 765 -
      626 FARNELL Clock 12/06/2000 12/06/2000       3,325 - -   3,325 3,325 15.00 - 3,325 -
      627 Digital Caliber 12/07/2000 12/07/2000       1,319 - -   1,319 1,319 15.00 - 1,319 -
      678 Tools 06/16/2002 06/16/2002       692 - -   692 692 15.00 - 692 -
      596 Talmir Timer 01/31/2000 01/31/2000       829 - -   829 829 15.00 - 829 -
      586 EAGLE TECH 05/31/1999 05/31/1999       5,028 - -   5,028 5,028 15.00 - 5,028 -
Group: 5 - Tools.                                    
      587 SKYNET 06/08/1999 06/08/1999       388 - -   388 388 15.00 - 388 -
      588 LCD Monitor 06/29/1999 06/29/1999       489 - -   489 489 15.00 - 489 -
      825 Molds 01/01/2007 01/01/2007       17,230 - -   17,230 17,230 15.00 - 17,230 -
      826 Injection Molding 02/28/2007 02/28/2007       7,610 - -   7,610 7,610 15.00 - 7,610 -
      589 Differences 06/30/1999 06/30/1999       223 - -   223 223 15.00 - 223 -
      590 Equipment 07/06/1999 07/06/1999       36,553 - -   36,553 36,553 10.00 - 36,553 -
      591 Digital Equipment 09/22/1999 09/22/1999       7,553 - -   7,553 7,553 15.00 - 7,553 -
      592 Equipment 09/22/1999 09/22/1999       985 - -   985 985 10.00 - 985 -
      593 Scales 10/17/1999 10/17/1999       1,665 - -   1,665 1,665 15.00 - 1,665 -
      606 Metalwork and Shelving 07/31/2000 07/31/2000       8,983 - -   8,983 8,983 15.00 - 8,983 -
      595 Oscilloscope - Network 01/01/2000 01/01/2000       13,426 - -   13,426 13,426 15.00 - 13,426 -
      616 Arosper Tools 09/30/2000 09/30/2000       135 - -   135 135 15.00 - 135 -
      597 Lilitech Tools 04/04/2000 04/04/2000       1,132 - -   1,132 1,132 15.00 - 1,132 -
      845 Molds 03/28/2007 03/28/2007       2,295 - -   2,295 2,295 15.00 - 2,295 -
      598 Soldering Station 04/04/2000 04/04/2000       2,433 - -   2,433 2,433 15.00 - 2,433 -
      599 Rubber Mat 04/04/2000 04/04/2000       529 - -   529 529 15.00 - 529 -
      600 Magnifying Glass 04/05/2000 04/05/2000       283 - -   283 283 15.00 - 283 -
      601 Multimeter 04/09/2000 04/09/2000       1,264 - -   1,264 1,264 15.00 - 1,264 -
      855 USB Adapter 06/07/2007 06/07/2007       8,607 - -   8,607 8,607 15.00 - 8,607 -
      602 Tal-Mir Tools 05/29/2000 05/29/2000       300 - -   300 300 15.00 - 300 -
      857 Aluminum Sheet 06/30/2007 06/30/2007       1,000 - -   1,000 1,000 15.00 - 1,000 -
      603 Dan-El Tools 06/18/2000 06/18/2000       16,183 - -   16,183 16,183 15.00 - 16,183 -
      604 HMWAF 06/27/2000 06/27/2000       143 - -   143 143 15.00 - 143 -
      594 Communications Cable 12/15/1999 12/15/1999       501 - -   501 501 10.00 - 501 -
      635 Bridge Connector 02/28/2001 02/28/2001       400 - -   400 400 15.00 - 400 -
      631 Chest of Drawers 01/26/2001 01/26/2001       5,328 - -   5,328 5,328 7.00 - 5,328 -
      651 D.C. Pack - Bags 06/28/2001 06/28/2001       446 - -   446 446 15.00 - 446 -
      650 D.C. Pack 06/28/2001 06/28/2001       1,976 - -   1,976 1,976 15.00 - 1,976 -
      632 Keter 02/13/2001 02/13/2001       261 - -   261 261 15.00 - 261 -
      649 Knife Blade 06/11/2001 06/11/2001       262 - -   262 262 15.00 - 262 -
      648 Silicone Books 05/31/2001 05/31/2001       16 - -   16 16 15.00 - 16 -
      647 Scales Calibration 05/31/2001 05/31/2001       200 - -   200 200 15.00 - 200 -
      646 Syringe 05/29/2001 05/29/2001       190 - -   190 190 15.00 - 190 -
      644 Tal-Mir Tools 05/01/2001 05/01/2001       76 - -   76 76 15.00 - 76 -
      630 D.C.Pack Botanical Distribution Installation 01/24/2001 01/24/2001       (644) - -   (644) (644) 15.00 - (644) -
      634 Keter 02/27/2001 02/27/2001       321 - -   321 321 15.00 - 321 -
      645 Arkalit 05/29/2001 05/29/2001       948 - -   948 948 7.00 - 948 -
      636 Keter 03/07/2001 03/07/2001       184 - -   184 184 15.00 - 184 -
      637 Tools 03/14/2001 03/14/2001       588 - -   588 588 15.00 - 588 -
      638 D.C. Packaging 03/28/2001 03/28/2001       337 - -   337 337 7.00 - 337 -
      643 Eran Design 03/31/2001 03/31/2001       2,306 - -   2,306 2,306 15.00 - 2,306 -
      741 EXTERNAL RING Molds 08/23/2005 08/23/2005       16,953 - -   16,953 16,953 15.00 - 16,953 -
      642 Module 03/31/2001 03/31/2001       64,124 - -   64,124 64,124 15.00 - 64,124 -
      639 D.C.Pack - Credit 03/28/2001 03/28/2001       (50) - -   (50) (50) 15.00 - (50) -
      640 Motinit Connectors 03/29/2001 03/29/2001       64 - -   64 64 7.00 - 64 -
      641 Module 03/31/2001 03/31/2001       1,431 - -   1,431 1,431 15.00 - 1,431 -
      629 Rubber Mat 01/22/2001 01/22/2001       326 - -   326 326 15.00 - 326 -
      633 Overall 02/19/2001 02/19/2001       1,806 - -   1,806 1,806 15.00 - 1,806 -
      652 Kal Pack Shell 07/03/2001 07/03/2001       166 - -   166 166 15.00 - 166 -
Total Group: 5 - Tools.               1,229,161 - - 52,598 1,281,758 960,652   1,745 962,397 319,361
Group: 7 - Computers USA                                    
      694 Computer 10/17/1998 10/17/1998       11,336 - -   11,336 11,336 33.00 - 11,336 -
      693 Computer + printer 10/11/1998 10/11/1998       7,418 - -   7,418 7,418 33.00 - 7,418 -
Total Group: 7 - Computers USA               18,754 - - - 18,754 18,754   - 18,754 -
Group: 8 - Marketing - Computers                                    
      696 4 Intel Computers 05/09/2000 05/09/2000       25,256 - -   25,256 25,256 33.00 - 25,256 -
      695 Project 8 06/01/1999 06/01/1999       2,750 - -   2,750 2,750 33.00 - 2,750 -
      782 IBM X60S Laptop Computer 04/23/2006 04/23/2006       11,174 - -   11,174 11,174 33.00 - 11,174 -
      817 IBM Laptop Computer 01/01/2007 01/01/2007       6,345 - -   6,345 6,345 33.00 - 6,345 -
      699 NCR CD 03/28/2001 03/28/2001       2,150 - -   2,150 2,150 33.00 - 2,150 -
      697 Computer 05/17/2000 05/17/2000       5,568 - -   5,568 5,568 33.00 - 5,568 -
      701 Laptop (Gary Sagiv) 05/20/2004 05/20/2004       6,282 - -   6,282 6,282 33.00 - 6,282 -
Total Group: 8 - Marketing - Computers               59,524 - - - 59,524 59,524   - 59,524 -
Group: 9 - Computers - Scientist                                    
      709 2 Laptops Computers 01/01/2005 01/01/2005       8,988 - -   8,988 8,988 33.00 - 8,988 -
      719 Computer + Monitor 02/09/2005 02/09/2005       3,142 - -   3,142 3,142 33.00 - 3,142 -
      704 2 IBM Laptop Computers 02/11/2004 02/11/2004       20,054 - -   20,054 20,054 33.00 - 20,054 -
      718 Repair to Asset 456 - Laptop Computer 01/01/2005 01/01/2005       (493) - -   (493) (493) 33.00 - (493) -
      456 IBM Laptop Computer 12/02/2003 12/02/2003       9,938 - -   9,938 9,938 33.00 - 9,938 -
      702 3 PCs 01/28/2004 01/28/2004       9,220 - -   9,220 9,220 33.00 - 9,220 -
      703 2 PCs 01/28/2004 01/28/2004       8,550 - -   8,550 8,550 33.00 - 8,550 -
      453 IBM Laptop Computer 09/23/2003 09/23/2003       7,773 - -   7,773 7,773 33.00 - 7,773 -
Total Group: 9 - Computers - Scientist               67,173 - - - 67,173 67,173   - 67,173 -
Group: 10 - Software.                                    
      1295 Bizdoc 03/01/2016 03/01/2016       36,000 - -   36,000 9,900 33.00 2,970 12,870 23,130
      436 Software 01/18/2003 01/18/2003       2,997 - -   2,997 2,997 33.00 - 2,997 -
      864 Balance - Michael Bitter 07/26/2007 07/26/2007       1,470 - -   1,470 1,470 33.00 - 1,470 -
      802 Software 09/12/2006 09/12/2006       5,189 - -   5,189 5,189 33.00 - 5,189 -
      859 Salesforce Software 06/30/2007 06/30/2007       (126,523) - -   (126,523) (126,523) 100.00 - (126,523) -
      1305 Geosoft Systems 07/04/2016 07/04/2016       31,348 - -   31,348 5,089 33.00 2,586 7,675 23,673
      286 Software Office 2000 01/18/2000 01/18/2000       31,591 - -   31,591 31,591 33.00 - 31,591 -
      493 Software licenses - SIT 09/20/2004 09/20/2004       18,274 - -   18,274 18,274 33.00 - 18,274 -
      1292 License PDF Sky 01/22/2016 01/22/2016       2,307 - -   2,307 652 33.00 190 842 1,465
      788 Software 06/29/2006 06/29/2006       1,343 - -   1,343 1,343 33.00 - 1,343 -
      789 Software. 06/26/2006 06/26/2006       4,466 - -   4,466 4,466 33.00 - 4,466 -
      485 Office software 06/29/2004 06/29/2004       1,543 - -   1,543 1,543 33.00 - 1,543 -
      434 “ACROBAT” Software 01/02/2003 01/02/2003       4,723 - -   4,723 4,723 33.00 - 4,723 -
      734 FIRE-I400 Software 08/09/2005 08/09/2005       2,623 - -   2,623 2,623 33.00 - 2,623 -
      770 Software licenses 02/07/2006 02/07/2006       23,327 - -   23,327 23,327 100.00 - 23,327 -
      282 Calanit 09/13/1999 09/13/1999       4,535 - -   4,535 4,535 33.00 - 4,535 -
      871 PROFESSIONAL software 08/22/2007 08/22/2007       10,497 - -   10,497 10,497 33.00 - 10,497 -
      431 Michpal Salary Software 12/02/2002 12/02/2002       1,648 - -   1,648 1,648 33.00 - 1,648 -
      1272 Direct Training 10/21/2015 10/21/2015       4,399 - -   4,399 1,737 33.00 363 2,100 2,300
      759 Software licenses 01/01/2006 01/01/2006       23,399 - -   23,399 23,399 33.00 - 23,399 -
      348 Software 01/01/2001 01/01/2001       28,319 - -   28,319 28,319 33.00 - 28,319 -
      1294 Bizdoc 03/31/2016 03/31/2016       (7,510) - -   (7,510) (1,865) 33.00 (620) (2,485) (5,025)
      433 SOMNOLOGICA Software 01/01/2003 01/01/2003       15,725 - -   15,725 15,725 33.00 - 15,725 -
      126 ADDS Software 05/14/1998 05/14/1998       4,171 - -   4,171 4,171 33.00 - 4,171 -
      1286 Bizdoc - Allowance 12/31/2015 12/31/2015       19,510 - -   19,510 6,438 33.00 1,610 8,048 11,462
      284 Calanit WIN 10/20/1999 10/20/1999       785 - -   785 785 33.00 - 785 -
      494 Robot Checking Software - IBM 10/06/2004 10/06/2004       30,616 - -   30,616 30,616 33.00 - 30,616 -
      1290 Liram - Amortization Software 01/28/2016 01/28/2016       2,290 - -   2,290 701 33.00 189 890 1,400
      1312 CombTas 08/01/2016 08/01/2016       9,570 - -   9,570 1,316 33.00 790 2,105 7,465
      129 Calanit Software 06/01/1998 06/01/1998       1,453 - -   1,453 1,453 33.00 - 1,453 -
      812 4 Licenses 11/15/2006 11/15/2006       5,150 - -   5,150 5,150 100.00 - 5,150 -
      1359 Kitron Software Upgrade 02/22/2017 02/22/2017         - - 32,560 32,560 - 33.00 1,119 1,119 31,441
      1361 EDA Software Upgrade 01/04/2017 01/04/2017         - - 6,700 6,700 - 33.00 535 535 6,165
      830 Software licenses 02/15/2007 02/15/2007       73,850 - -   73,850 73,850 33.00 - 73,850 -
      813 Licenses 10/01/2006 10/01/2006       25,986 - -   25,986 25,986 100.00 - 25,986 -
      294 Calanit Software 02/25/2000 02/25/2000       3,943 - -   3,943 3,943 33.00 - 3,943 -
      1007 Direct Training 04/01/2009 04/01/2009       60,739 - -   60,739 60,739 33.00 - 60,739 -
      296 Calanit Software 03/18/2000 03/18/2000       4,583 - -   4,583 4,583 33.00 - 4,583 -
      816 IBM Licenses 01/01/2007 01/01/2007       38,026 - -   38,026 38,026 33.00 - 38,026 -
      1321 Quarterly Licensing - Orna Ben-Ari 09/08/2016 09/08/2016       3,300 - -   3,300 342 33.00 272 614 2,686
      838 Adobe Acrobat software   03/01/2007 03/01/2007       2,221 - -   2,221 2,221 33.00 - 2,221 -
      298 Calanit Software 03/20/2000 03/20/2000       13,686 - -   13,686 13,686 33.00 - 13,686 -
      459 TIME LOG PRO software 01/27/2004 01/27/2004       2,229 - -   2,229 2,229 33.00 - 2,229 -
      480 Software and licenses 05/31/2004 05/31/2004       5,623 - -   5,623 5,623 33.00 - 5,623 -
      317 Calanit Software 08/29/2000 08/29/2000       1,691 - -   1,691 1,691 33.00 - 1,691 -
      824 Licenses for Enterprise 01/01/2007 01/01/2007       30,420 - -   30,420 30,420 100.00 - 30,420 -
      476 And MATLAB Software Licenses 05/11/2004 05/11/2004       9,351 - -   9,351 9,351 33.00 - 9,351 -
      749 Software +  Licenses 11/01/2005 11/01/2005       19,697 - -   19,697 19,697 100.00 - 19,697 -
      1341 Systematics - SUBS SW 12/01/2016 12/01/2016       17,725 - -   17,725 487 33.00 1,462 1,950 15,775
      1339 Direct Training - ESET Secure 10/26/2016 10/26/2016       12,261 - -   12,261 740 33.00 1,011 1,751 10,509
      745 Software licenses 09/19/2005 09/19/2005       13,865 - -   13,865 13,865 33.00 - 13,865 -
      336 Calanit Software 11/13/2000 11/13/2000       47,479 - -   47,479 47,479 33.00 - 47,479 -
      116 P-8 Software 02/17/1998 02/17/1998       4,677 - -   4,677 4,677 33.00 - 4,677 -
      343 SIT-LICENSES 12/27/2000 12/27/2000       36,558 - -   36,558 36,558 33.00 - 36,558 -
      447 MATLB Software 06/22/2003 06/22/2003       23,723 - -   23,723 23,723 33.00 - 23,723 -
      341 Calanit Software 11/30/2000 11/30/2000       21,423 - -   21,423 21,423 33.00 - 21,423 -
      1057 SIT -  Licenses 11/01/2010 11/01/2010       69,811 - -   69,811 69,811 33.00 - 69,811 -
      1340 Direct Training - WIN SVRSTD 10/27/2016 10/27/2016       15,236 - -   15,236 906 33.00 1,257 2,163 13,073
      461 Software. 02/12/2004 02/12/2004       24,486 - -   24,486 24,486 33.00 - 24,486 -
      338 Calanit Software 11/19/2000 11/19/2000       2,461 - -   2,461 2,461 33.00 - 2,461 -
Group: 10 - Software.                                    
      445 Software. 06/02/2003 06/02/2003       8,992 - -   8,992 8,992 33.00 - 8,992 -
      108 Software 07/31/1997 07/31/1997       1,188 - -   1,188 1,188 33.00 - 1,188 -
      1052 Clear Quest Software 09/30/2010 09/30/2010       41,953 - -   41,953 41,953 33.00 - 41,953 -
      841 Software 03/27/2007 03/27/2007       67,101 - -   67,101 67,101 33.00 - 67,101 -
      281 OFFICE 2000 08/23/1999 08/23/1999       16,181 - -   16,181 16,181 33.00 - 16,181 -
      482 MATLAB Software & Licenses 06/14/2004 06/14/2004       21,406 - -   21,406 21,406 33.00 - 21,406 -
      352 E-121 Software 01/31/2001 01/31/2001       30,975 - -   30,975 30,975 33.00 - 30,975 -
      1362 Teldor - PDF Conversion Component 01/30/2017 01/30/2017         - - 2,055 2,055 - 33.00 117 117 1,938
      339 Calanit Software 11/22/2000 11/22/2000       17,619 - -   17,619 17,619 33.00 - 17,619 -
      1148 Klinetika Software 06/27/2013 06/27/2013       12,715 - -   12,715 12,715 33.00 - 12,715 -
      1130 Tulip Systems - FSR Report 09/30/2012 09/30/2012       9,240 - -   9,240 9,240 33.00 - 9,240 -
      1133 Direct Training 01/06/2013 01/06/2013       13,227 - -   13,227 13,227 33.00 - 13,227 -
      705 Multimedia software 04/28/2004 04/28/2004       1,459 - -   1,459 1,459 33.00 - 1,459 -
      706 Software 04/28/2004 04/28/2004       4,541 - -   4,541 4,541 33.00 - 4,541 -
      707 Software licenses 01/01/2005 01/01/2005       13,384 - -   13,384 13,384 33.00 - 13,384 -
      1141 Direct Training - Software License 04/18/2013 04/18/2013       59,815 - -   59,815 59,815 33.00 - 59,815 -
      1143 Direct Training 05/13/2013 05/13/2013       89,821 - -   89,821 89,821 33.00 - 89,821 -
      212 Calanit Software 11/19/2000 11/19/2000       2,048 - -   2,048 2,048 33.00 - 2,048 -
      264 Calanit Software 11/08/1998 11/08/1998       817 - -   817 817 33.00 - 817 -
      1127 Direct Training - Software 07/17/2012 07/17/2012       12,291 - -   12,291 12,291 33.00 - 12,291 -
      710 2 x Office 2000 Software   01/30/2005 01/30/2005       2,506 - -   2,506 2,506 33.00 - 2,506 -
      398 Babylon Software 07/23/2001 07/23/2001       272 - -   272 272 33.00 - 272 -
      1151 Direct Training 07/14/2013 07/14/2013       7,099 - -   7,099 7,099 33.00 - 7,099 -
      712 MSDN Software. 03/15/2005 03/15/2005       19,022 - -   19,022 19,022 33.00 - 19,022 -
      217 Software 02/18/2001 02/18/2001       890 - -   890 890 15.00 - 890 -
      154 Calanit Software 01/25/1999 01/25/1999       3,262 - -   3,262 3,262 33.00 - 3,262 -
      215 Statistics Software 12/31/2000 12/31/2000       3,767 - -   3,767 3,767 33.00 - 3,767 -
      942 Direct Training - ISA Software 07/01/2008 07/01/2008       8,094 - -   8,094 8,094 33.00 - 8,094 -
      1144 Teldor - PDF Licenses 05/14/2013 05/14/2013       4,000 - -   4,000 4,000 33.00 - 4,000 -
      1083 4 SIT Licenses 05/17/2011 05/17/2011       45,286 - -   45,286 45,286 33.00 - 45,286 -
      926 AUTOFONT CHECKS 04/01/2008 04/01/2008       5,290 - -   5,290 5,290 33.00 - 5,290 -
      1087 EDAis Or CAD Software 06/30/2011 06/30/2011       4,573 - -   4,573 4,573 33.00 - 4,573 -
      1088 SIT system upgrade 06/30/2011 06/30/2011       12,500 - -   12,500 12,500 33.00 - 12,500 -
      253 Office software 07/14/1998 07/14/1998       7,112 - -   7,112 7,112 33.00 - 7,112 -
      925 EXC 07 software 04/01/2008 04/01/2008       10,028 - -   10,028 10,028 33.00 - 10,028 -
      924 WIN 08 software 04/01/2008 04/01/2008       4,875 - -   4,875 4,875 33.00 - 4,875 -
      250 Software 06/08/1998 06/08/1998       1,328 - -   1,328 1,328 33.00 - 1,328 -
      922 MATLAB Systematics 04/01/2008 04/01/2008       38,356 - -   38,356 38,356 33.00 - 38,356 -
      226 Calanit Software 04/02/2001 04/02/2001       4,402 - -   4,402 4,402 33.00 - 4,402 -
      390 Chashavshevet Software 05/06/2001 05/06/2001       6,300 - -   6,300 6,300 33.00 - 6,300 -
      1129 Tulip Systems - FSR Report 08/31/2012 08/31/2012       58,406 - -   58,406 58,406 33.00 - 58,406 -
      1104 Direct Training - Babylon Licenses 11/24/2011 11/24/2011       12,806 - -   12,806 12,806 33.00 - 12,806 -
      1105 Direct Training - Office 12/13/2011 12/13/2011       14,480 - -   14,480 14,480 33.00 - 14,480 -
      239 Acrobat - Software 01/22/2002 01/22/2002       1,543 - -   1,543 1,543 15.00 - 1,543 -
      698 Software 03/11/2001 03/11/2001       3,296 - -   3,296 3,296 33.00 - 3,296 -
      1082 Systematics - Software 04/01/2011 04/01/2011       32,723 - -   32,723 32,723 33.00 - 32,723 -
      700 For marketing of Windows 98 Software 06/04/2003 06/04/2003       3,716 - -   3,716 3,716 33.00 - 3,716 -
      1081 Direct Training - Licenses 04/01/2011 04/01/2011       344,271 - -   344,271 344,271 33.00 - 344,271 -
      1154 Direct Training - Antivirus 09/30/2013 09/30/2013       16,248 - -   16,248 16,248 33.00 - 16,248 -
      1093 EDAis License for OrCAD 07/17/2011 07/17/2011       860 - -   860 860 33.00 - 860 -
      407 Software +  Licenses 11/29/2001 11/29/2001       1,844 - -   1,844 1,844 33.00 - 1,844 -
      419 Software. 04/07/2002 04/07/2002       1,387 - -   1,387 1,387 33.00 - 1,387 -
      420 Software. 04/07/2002 04/07/2002       1,483 - -   1,483 1,483 33.00 - 1,483 -
      216 Realtek Software 12/31/2000 12/31/2000       2,043 - -   2,043 2,043 33.00 - 2,043 -
      421 Software. 04/22/2002 04/22/2002       3,237 - -   3,237 3,237 33.00 - 3,237 -
      211 Software 10/25/2000 10/25/2000       7,057 - -   7,057 7,057 33.00 - 7,057 -
      439 MSDN, Win XP Software 03/19/2003 03/19/2003       4,925 - -   4,925 4,925 33.00 - 4,925 -
      411 Software. 01/08/2002 01/08/2002       2,870 - -   2,870 2,870 33.00 - 2,870 -
      171 Calanit Software 06/06/1999 06/06/1999       3,350 - -   3,350 3,350 33.00 - 3,350 -
      1237 Systematics 02/01/2015 02/01/2015       46,309 - -   46,309 29,291 33.00 3,821 33,111 13,198
Group: 10 - Software.                                    
      172 Calanit Software 06/06/1999 06/06/1999       16,679 - -   16,679 16,679 33.00 - 16,679 -
      272 Software 01/27/1999 01/27/1999       16,673 - -   16,673 16,673 33.00 - 16,673 -
      418 Software. 03/06/2002 03/06/2002       2,385 - -   2,385 2,385 33.00 - 2,385 -
      425 Software. 05/21/2002 05/21/2002       13,684 - -   13,684 13,684 33.00 - 13,684 -
      784 LOGMEIN software 06/14/2006 06/14/2006       2,716 - -   2,716 2,716 33.00 - 2,716 -
      198 Software 02/02/2000 02/02/2000       6,254 - -   6,254 6,254 33.00 - 6,254 -
      350 Software 01/17/2001 01/17/2001       9,044 - -   9,044 9,044 33.00 - 9,044 -
      186 Calanit 08/31/1999 08/31/1999       11,613 - -   11,613 11,613 33.00 - 11,613 -
      195 Software for Windows 01/05/2000 01/05/2000       5,185 - -   5,185 5,185 33.00 - 5,185 -
      403 Software 10/31/2001 10/31/2001       434 - -   434 434 33.00 - 434 -
      783 Software licenses 05/11/2006 05/11/2006       21,943 - -   21,943 21,943 100.00 - 21,943 -
      149 Software 01/07/1999 01/07/1999       111 - -   111 111 33.00 - 111 -
      351 LICENSES 01/24/2001 01/24/2001       37,268 - -   37,268 37,268 33.00 - 37,268 -
      354 Omnitech Software 02/11/2001 02/11/2001       1,152 - -   1,152 1,152 33.00 - 1,152 -
      1159 MATLAB Systematics 12/31/2013 12/31/2013       47,819 - -   47,819 47,384 33.00 436 47,819 -
Total Group: 10 - Software.               2,149,832 - - 41,315 2,191,147 2,012,383   18,108 2,030,491 160,655
Group: 11 - Cellulars                                    
      1288 2 Galaxy devices 02/10/2016 02/10/2016       4,100 - -   4,100 548 15.00 154 702 3,398
      1334 Galaxy Titanus S7 11/06/2016 11/06/2016       2,479 - -   2,479 57 15.00 93 150 2,329
      1285 I-Cell-Galaxy S5 Efrat 12/17/2015 12/17/2015       1,786 - -   1,786 279 15.00 67 346 1,441
      1355 Galaxy 7 Titanus Cellphone - Lior 03/07/2017 03/07/2017         - - 2,348 2,348 - 15.00 24 24 2,324
      1354 Titanus Celular LG G5 - Shai Levy 01/30/2017 01/30/2017         - - 2,209 2,209 - 15.00 57 57 2,152
      1249 Orange-Galaxy S6 - Liane 05/03/2015 05/03/2015       3,558 - -   3,558 887 15.00 133 1,020 2,538
      1176 Samsung I-Cell 06/29/2014 06/29/2014       3,054 - -   3,054 916 15.00 115 1,031 2,023
      1309 Cellular device - Shlomo 08/11/2016 08/11/2016       3,080 - -   3,080 180 15.00 116 296 2,784
      1158 Giltoran Co. - Galaxy - Assaf Levy 12/5/2013 12/5/2013       2,577 - -   2,577 1,188 15.00 97 1,284 1,293
      1153 iPhone 5 - Yehudit 09/30/2013 09/30/2013       2,221 - -   2,221 1,084 15.00 83 1,167 1,054
      1174 Semicom Leksom Telephones 06/11/2014 06/11/2014       2,097 - -   2,097 804 15.00 79 882 1,215
      1175 Samsung I-Cell - 2 devices 06/24/2014 06/24/2014       6,108 - -   6,108 2,308 15.00 229 2,537 3,571
      1336 Apple IPON 7 - Kobi Shefi + protector 11/17/2016 11/17/2016       2,577 - -   2,577 47 15.00 97 144 2,433
      1147 Orange Cellulars 05/30/2013 05/30/2013       33,672 - -   33,672 18,126 15.00 1,263 19,388 14,283
      1177 Phone Card Ayelet Lebel, Cellular - Shai Levy 22/05/2014 22/05/2014       2,222 - -   2,222 870 15.00 83 953 1,269
      1207 Galaxy S5 I Cell 10/30/2014 10/30/2014       2,585 - -   2,585 842 15.00 97 939 1,646
      1208 Galaxy S5 I Cell 10/30/2014 10/30/2014       1,695 - -   1,695 552 15.00 64 616 1,079
      1209 Cellular - Employee participation (related to Asset 1147) 10/01/2014 05/30/2013       (3,760) - -   (3,760) (1,692) 15.00 (141) (1,833) (1,927)
      1335 Apple Laptop Battery - Kobi Shefi 11/17/2016 11/17/2016       160 - -   160 3 15.00 6 9 151
      1337 Titanus - Galaxy 7 12/29/2016 12/29/2016       2,393 - -   2,393 3 15.00 90 93 2,301
      1222 I-Cell-LG G3 Itai Kariv 12/30/2014 12/30/2014       2,458 - -   2,458 739 15.00 92 831 1,626
Total Group: 11 - Cellulars               75,061 - - 4,557 79,619 27,740   2,895 30,636 48,983
Group: 12 - Manufacturing Software                                      
      1293 Geosoft Systems Ltd 02/02/2016 02/02/2016       49,438 - -   49,438 14,908 33.00 4,079 18,987 30,451
      1236 Geosoft Systems - Kitron System 02/02/2015 02/02/2015       78,480 - -   78,480 49,562 33.00 6,475 56,036 22,444
      1250 Geosoft Systems 05/17/2015 05/17/2015       146,306 - -   146,306 78,392 33.00 12,070 90,462 55,844
      1253 SafeNet 06/04/2015 06/04/2015       26,020 - -   26,020 13,524 33.00 2,147 15,671 10,350
      1258 Geosoft Systems 07/16/2015 07/16/2015       6,401 - -   6,401 3,083 33.00 528 3,611 2,789
      1241 Direct Training 03/24/2015 03/24/2015       135,206 - -   135,206 79,041 33.00 11,154 90,195 45,011
Total Group: 12 - Manufacturing Software                 441,850 - - - 441,850 238,509   36,453 274,962 166,888
Total                   11,428,031 - - 156,523 11,584,554 9,314,010   154,149 9,468,158 2,116,395

 

 

 

 

Appendix A1

to the Secured Debenture

 

The pledge will apply to all of the rights, including Intellectual Property Rights, of the Company that are currently existing and will exist in the future, whether registered in the name of the Company or otherwise, including if registration requests are submitted for the same on:

 

(a)All of the know-how, inventions, patents, trademarks, designs, models, tradenames, copyrights and processes and technological applications.

 

(b)Domain names, licenses, availability agreements, usage right agreements, illustrations, computer software, trade secrets and customer lists.

 

All whether the Company’s rights are registered in its name or otherwise, or the aforesaid rights are currently existing or will exist in the future.

 

Regarding the aforesaid intellectual property rights or any part thereof, the Company undertakes to ensure that it and any subsidiary:

 

(a)Will make all of the appropriate records and pay all of the expenses and fees required in order to keep and protect the intellectual property rights of the Company and/or its subsidiaries and/or registered for them.

 

(b)Will take all of the necessary measures, including legal proceedings, in order to prevent a third party from infringing the same intellectual property rights.

 

(c)Not to sell, transfer, lease or provide a license to use, other than the license arrangements with a third party that is not an affiliated party, made during the ordinary course of business and for ordinary consideration.

 

 

 

 

Appendix A2

to the Secured Debenture

 

Current Itamar Medical Patent Status APRIL 2017

 

Contents:

 

A) Tabular Overview of Patents and Geographical Distribution 2-3
     
B) More Detailed Description of Patents 4-8
     
C) Current Status of Trade Mark Coverage 9

 

  1

 

 

 

Current Itamar Medical Patent Status APRIL 2017 * = 2 patents (base +1 divisional); GRN = granted (n=98); PND = pending (n=12); PATENT Topic Ending in USA Ending Date Rest of World EP AU BR CA CN HK IL IND JP KR NZ RU US DE FR GB ES IR IT NL SE SWZ/LIC endo n=GNT n=PND sleep Endo OR Sleep Precursor PAT patents N/A 30/1/ & 21/5/2017 GRN *2 2 Parent PAT patent 23/07/2017 23/07/2017 GRN GRN GRN* GRN GRN GRN GRN GRN GRN GRN GRN 12 C.I.P. of parent appl 20/1/2018 20/1/2018 GRN GRN GRN GRN GRN GRN 6 Self contained probe 02/06/2019 02/06/2019 GRN GRN GRN* GRN GRN GRN GRN GRN GRN* GRN GRN GRN GRN GRN GRN GRN 18 Low noise probe 02/02/2019 02/02/2019 GRN 1 PAT : sleep conditions 18/02/2028 01/03/2021 GRN GRN GRN GRN GRN GRN GRN GRN GRN GRN GRN GRN GRN 13 PAT : Endothelial function 08/02/2022 22/10/2021 GRN GRN GRN GRN GRN GRN GRN GRN GRN GRN GRN 11 Further self contained probe 08/08/2024 26/03/2022 GRN GRN GRN GRN GRN GRN GRN GRN GRN GRN GRN 11 Body surface probe 16/08/2023 15/07/2023 PND GRN GRN GRN GRN GRN 5 1 Signal calib & Tissue vol 02/10/2026 06/11/2023 GRN GRN GRN GRN GRN 5 Novel blood flow measurement N/A 15/09/2025 ALWD GRN GRN GRN 31 Sleep Stages N/A 15/04/2029 GRN GRN PND GRN PND GRN GRN GRN GRN GRN 8/2 Position & Acoustic Info N/A 25/05/2029 PND PND ALWD GRN PND GRN GRN PND 375 ID Enabling Bracelet 08/02/2030 08/02/2030 GRN 1 New Endo Features N/A 20/11/2032 ALWD PND 2 GRANTED 0 6 0 10 7 1 5 0 8 3 4 4 12 7 7 7 2 1 3 5 5 2 - (99) PENDING 3 0 1 1(allowed) 0 0 0 2 1 0 0 0 3 0 0 0 0 0 0 0 0 0 - (11) TOTAL 3 6 11 7 1 5 2 9 3 4 4 15 7 7 7 2 1 3 5 5 2 - (110) 20 54 25 Total (3) (7) (1)

 

  2

 

 

POINTS TO NOTE.

 

End of patent life shown in 2nd column from left. Patent Term Adjustments in USA only

 

Basic Sleep, Endo or Sleep & Endo classification shown in right hand columns, plus sum of granted and pending applications.

 

New Endo features application (2nd last in list) - a recent application for broader geographic coverage and extending life for Endo.

 

KEY TO ABBREVIATIONS / COUNTRIES

 

GRN Granted patent   AU - Australia   GB – Great Britain   US - USA
PND Pending patent   BR - Brazil   HK – Hong Kong   IR - Ireland
PCT -   CA - Canada   IL - Israel   IT - Italy
Patent Cooperation Treaty   CN - China   IND - India   NL - Netherland
PROV -   DE - Germany   JP- Japan   SE - Sweeden
Provisional application   EP - Eurpe   KR - Korea   SWZ/LIC – Switzerland &
    ES - Spain   NZ – New Zealand   Lichtenstei
    FR - France   RU  – Russian Fed    

 

  3

 

 

ITAMAR PATENT STATUS - APRIL 2017.

 

  KEY KEY
  SLEEP   ENDO

 

Countries

applied in

 

Countries

Granted

 

Application date

(EXPIRES)

(EXPIRES in US)

  Priority Date   Patent Owner  

Brief Description (Main Importance)

  Patent Title
                         
IL   IL  

30/01/1997

30/01/2017

  30/01/1997   Itamar Medical (CM) 1997 LTD   Precursor of parent PAT patent application.   Apparatus and method for monitoring a hemodynamic condition of a subject.
                         
IL   IL  

21/05/1997

21/05/2017

  21/05/1997   Itamar Medical (CM) 1997 LTD   Precursor of parent PAT patent application.   Continuous monitoring of arterial pulse waves.
                         

AU

CA

CN

DE

FR

GB

JP

KR

NZ

RU

US

 

AU

CA

CN +1div

DE

FR

GB

JP

KR

NZ

RU

US

 

23/07/1997

23/07/2017

23/07/2017

  30/07/1996   Itamar Medical (CM) 1997 LTD  

Parent application. Describes physiological PAT signal, proprietary apparatus for its measurement, and major medical applications. (Key applications; myocardial ischemia detection, sleep apnea detection, non-invasive continuous blood pressure measurement).

 

(Covers the basic PAT probe technology features of distal blood pooling prevention, proximal pressure field extension and signal buffering, plus applications in myocardial ischemia and sleep apnea & REM.)

  Method and apparatus for the non-invasive detection of medical conditions by monitoring peripheral arterial tone.
                         

AU

CA

CN

DE

 

AU

CA

CN+ 1div

DE

 

2/06/1999
2/06/2019
2/06/2019

  7/06/1998   Itamar Medical (CM) 1997 LTD  

Describes self pressurizing, constant pressure, self contained probe devices, & patient worn support system.

 

(Covers sleep probe self pressurizing feature, with basic PAT probe technology features )

  Pressure applicator devices particularly useful for non- invasive detection of medical condition.
ES   ES                    
FR   FR                    
GB   GB                    
HK   HK                    
IL   IL                    
IT   IT                    
JP   JP                    
KR   KR                    
NL   NL                    
NZ   NZ                    
SE   SE                    
US   US +1div                    

 

  4

 

 

US   US  

8/02/2000

8/02/2020

8/02/2020

  14/07/1999   Itamar Medical (CM) 1997 LTD   A variation of the basic PAT probe for improved signal to noise performance.(Uses a 3 compartment design, where middle compartment has inherent noise cancelling characteristics) (Alternative design, better signal to noise)   Probe devices particularly useful for non-invasive detection of medical condition.

AU

CA

CN

KR

NZ

US

 

AU

CA

CN

KR

NZ

US

 

29/05/2000

29/05/2020

29/05/2020

  2/06/1999   Itamar Medical (CM) 1997 LTD  

Continuation of parent PAT patent. Includes further medical/physiological applications. (includes mental stress, pharmacological testing, inclusive of pulse oximeter, sleep/wake detector).

 

(Covers many added applications to parent patent)

 

Diagnosing medical conditions by monitoring peripheral arterial tone.

(In USA only - Method and apparatus for the non-invasive detection of medical conditions by monitoring peripheral arterial tone)

                         

AU

CA

DE

ES

FR

GB

IL

IT

NL

NZ

SE

JP

US

 

AU

CA

DE

ES

FR

GB

IL

IT

NL

NZ

SE

JP

US

 

1/03/2001

01/03/2021

18/02/2028

  3/03/2000   Itamar Medical LTD  

In-depth description of PAT signal and apparatus for application to sleep conditions.(Includes conditions of hypopnea, upper airway resistance, periodic limb movement, methodological aspects; heart rate frequency domain analysis…)

 

(Covers important clinical areas and adds analytical features)

  Method and apparatus for the non-invasive detection of particular sleep-state conditions by monitoring the peripheral vascular system.
                         

AU

CA

IL

JP

US

CH/LI

DE

FR

GB

NL

SW

HK

 

AU

CA

IL

JP

US

CH/LI

DE

FR

GB

NL

SW

 

 

 

22/10/2001

22/10/2021

08/02/2022

  23/10/2000   Itamar Medical LTD  

In-depth description of PAT signal and apparatus for application to endothelial function measurement. (Key features include; induced ischemia, differential (control) measurements, local finger occlusion…)

 

(Essential features of EndoPAT; control signal, local finger measurement & local finger occlusion)

  Method and apparatus for non- invasively evaluation endothelial activity in a patient.

 

  5

 

 

CH/LI

DE

FR

GB

IE

IT

JP

NL

SE

US

CA

 

CH/LI

DE

FR

GB

IE

IT

JP

NL

SE

US

CA

 

26/03/2002

26/03/2022

08/08/2024

  5/04/2001   Itamar Medical LTD  

Further PAT probe variations. (Current sleep probes, Tabs, outer Shell, Integrated oxi, …)

 

(Important features essential to current probe technology; outer shell, tabs method, integrated oximetry)

  Non- invasive probe for detecting medical conditions.
                         

AU

JP

RU

US

CA

EP

 

AU

JP

RU

US

CA

 

15/07/2003

15/07/2023

16/08/2023

  15/07/2002   Itamar Medical LTD  

Extends the applicability of the PAT measurement method beyond body extremity regions only. (Body surface probes).

 

(Covers alternative valid method of PAT technology; features of distal blood pooling prevention, proximal pressure field extension and signal buffering, self contained pressure field and greater measurement possibilities, also pediatric applications).

  Body surface probe, apparatus and method for non-invasively detecting medical conditions.
                         

US

CA

DE

FR

GB

 

US

CA

DE

FR

GB

 

6/11/2003

6/11/2023

2/10/2026

  6/11/2003   Itamar Medical LTD  

Signal calibration & Tissue volume measurement. (May be iportant for accurate baseline signal amplitude measurement, and correction).

 

(Additional valuable features which require basic PAT technology. Can be effective to extend PAT protection if added features are perceived to be sufficiently necessary

  Detecting medical conditions with non-invasive body probes.
                         

JP

CA

EP

US

 

JP

CA

ALWD

US

 

15/09/2005

15/09/2025

25/5/2030

  15/09/2004   Itamar Medical LTD   Novel blood flow measurement for quantitative blood flow e.g. in reactive hyperemia. (a stand-alone application, also useful for more accurate endothelial function assessment - by quantifying ischemic response   Non-invasively measuring physiological parameters, particularly blood flow and venous capacitance.
                         

CA

CN

DE

FR

GB

IN

NL

RU

SE

US

 

CA

CN

DE

FR

GB

 

NL

RU

SE

 

 

 

13/04/2009

13/04/2029

  14/4/2008   Itamar Medical LTD   Facilitates differentiation between deep and light sleep (Adds feature enabling comprehensive scoring of non-REM sleep stages, based on peripheral pulse signals. PAT is preferable but not obligatory)   Non-Invasive Apparatus And Method For Determining Sleep Stages.
  6

 

 

BR

CA

CN

EP

IN

JP

RU

US

 

 

ALLOWED

CN

 

 

JP

RU

 

26/05/2009

26/05/2029

  29/05/2008   Itamar Medical LTD   Stand alone Snoring & Body Position Detection (Added channels to improve diagnostic performance – supplements PAT but not essentially dependent on PAT)   Method And Apparatus For Measuring Physiological Parameters, In Particular Body Position, Body Movement, Body Acoustic Information.
                         
US   US  

4/02/2010

4/02/2030

  8/02/2009   Itamar Medical LTD  

Bracelet based tamper inactivation means medical testing. 

(For Truck drivers… Only done in USA)

  Identification And Tamper Inactivated Enabling Bracelet, And Data Gathering Apparatus Including Such Bracelet.
                         

JP

US

  ALLOWED  

20/11/2012

20/11/2032

  24/11/2011   Itamar Medical LTD   Further improvements of PAT apparatus and method (structural features for signal stability, plus analysis tools for endothelial function testing)   Apparatus For Monitoring Arterial Pulse Waves In Diagnosing Various Medical Conditions
                         
US (prov)       08/06/2017   08/06/2016   Itamar Medical LTD   Method And Apparatus For Non-Invasive Detection Of Physiological And Patho-Physiological Sleep Conditions.   (A provisional application, awaiting conversion to a full application)
                         
US (prov)       12/05/2017   12/05/2016   Itamar Medical LTD   Physiological Evaluation of Arterial Function Testing Based on Selected Body Region Measurements   (A provisional application, awaiting conversion to a full application)
                         
US (prov)       12/05/2017   12/05/2016   Itamar Medical LTD   Method and Apparatus fo Improving the Performance of Trans-Vascular Nerve Ablation Therapy using Peripheral Arterial Tone and Periphera Vascular Response Sensors   (A provisional application, awaiting conversion to a full application)
                         
US (prov)       13/06/2017   13/06/2016   Itamar Medical LTD   Detection and Measurement of Anesthesia and Depth of Sedation.   (A provisional application, awaiting conversion to a full application)

 

  7

 

 

US (prov)       08/01/2018   08/01/2017   Itamar Medical LTD   Improved Apparatus And Methods For Applying Pressure To A Face Of A Subject Via A Therapeutic Respiratory Mask.   (A provisional application, awaiting conversion to a full application)
                         
US (prov)       08/01/2018   08/01/2017   Itamar Medical LTD   Improved Apparatus And Methods For Non- Invasive Detection And Monitoring Of Medical Conditions Via A Therapeutic Respiratory Mask.   (A provisional application, awaiting conversion to a full application)
                         
US (prov)       28/03/2018   28/03/2017   Itamar Medical LTD   Improved Therapeutic Respiratory Mask Devices   (A provisional application, awaiting conversion to a full application)

 

  8

 

 

Itamar Medical Trademark Status APRIL 2017

 

TRADEMARK STATUS AND TERM

 

COUNTRY / NAME   WatchPAT   Endo PAT   PAT   EndoScore™   ITAMAR   CloudPAT
USA   REG (2024)   REG (2021)   REG (2020)   REG (2027)   REG (2025)   REG(2026)
                         
CANADA       REG (2025)   REG (2026)           IN PROCESS
                         
EUROPE   REG (2023)   REG (2017)   REG (2017)   REG (2024)        
                         
JAPAN   REG (2023)   REG (2018)   REG (2018)   REG (2024)   IN PROCESS    
                         
CHINA   REG (2023)       REG (2023)       IN PROCESS    
                         
INDIA   APPLICATION RECORDED   IN PROCESS                
                         
USSR   REG (2023)       REG (2023)            
                         
MEXICO   REG (2023)                    
                         
KOREA   REG (2024)   REG (2023)                
                         
SINGAPORE   REG (2024)   REG (2024)   REG (2024)            

 

  9

 

 

Appendix B

to the Secured Debenture

 

1.The parties declare and agree that the terms defined in the Debenture to which this Appendix constitutes an integral part will also be used for the purpose of this Appendix B.

 

2.This Appendix B constitutes an integral part of the Debenture and will be read as part of its sections.

 

3.Below shall detail the rights that are pledged for the benefit of the Bank as set forth in the Debenture:

 

4.All of the rights of the Company, existing and future, for the receipt of funds from customers of the Company, as stated in Section 7(m) above, as set forth in the attached list, under any framework agreement and any contract, undertaking and/or order that shall be provided from time to time, as set forth below:

 

 

 

 

Itamar Medical LTD- customers List

 

Account Number   Account Name   Billing Address Line 1   Billing City   Billing State/
Province
  Billing Country   Postal
Code
  Telephone
                             
10794   2G International   Strada Delle Gerre 15   Brembate (BG)       Italy   24041    
9527   Aarhus University Hospital   Esben Laugesen   Aarhus       Denmark   8000    
12043   Adam Folman   Via San Petronio Vecchio 18 Campanello   Bologna       Italy   40125    
9218   Advance Concept Solutions Pvt Ltd   3rd Floor, C-100, Sector 63           India        
4065   Aimil Ltd   Naimex House A-8   New Delhi       India   110044    
3051/3   Aleris FysiologLab, Sleep division   Aleris FysiologLab   Stockholm       Sweden   114 35    
3913   Al Taide   Krasnopresninskaya emb, 12 ,   Moscow       Russian Federation   123610    
11288   Amsterdam Medical Center       Amsterdam       Netherlands        
13412   Analyze & Realize GmbH   Waldseeweg 6   Berlin       Germany   13467    
3976   Angiomedic d.o.o   Tabor 4   Ljubljana       Slovenia   SI-1000    
4079   AP-HM, Hôpital Nord   Pr franck PAGANELLI   Marseille       France   13015    
9971   Association AMIS 93   Association AMIS93, service de médecine interne, Hopital Avicenne. 125 rue de Stalingrad   93000       France   Bobigny    
10698   Association Columbus   VIA G. MOSCATI N° 31   ROMA       Italy   00167    
3865/5   Assuta Jerusalem   Mesilat Yesharim 14   Jerusalem       Israel        
3865   Assuta- Tel Aviv   Assuta Hosp96 Ygal AlonBuild   Tel Aviv       Israel        
11876   Atlantis Careful   Kasteellaan 2   Waalwijk       Netherlands   5141BM    
3648/1   August Krogh Institutet   ATT.: Peter Krustrup   Copenhagen       Denmark   DK-2100    
11779   AVRAM MILLER               Israel        
3253   Azienda Ospedalaliera - Parodi   Azienda Ospedaliera "Ospedale Niguarda Cà Granda"   Milano       Italy   20162    
11252   Azienda Osped Univ. Di Cagliari   Sede Legale ed Amm.va Via Ospedale, 54   Cagliari (CA)       Italy   CAP: 09124    
4078   Beijing AUDEN Technologies Co., LTD   Room 1311, MOMA Tower ,   Beijing,       China   100026    
        Ya Yun Cun Hui Yuan Mansion Building H1518;                    
10195   Beijing Guoyu Huatai Medical Equipment Ltd.   Chao Yang District   Beijing       China   PC:100101    
12993   Beijing Jaktone Medical Technology Corp.   Room 702 Weidi Technology Builduing A8   Beijing       China   100081    
        Room 702, Unit 6, 6th Floor, 1st Building No.3                    
13679   Beijing Leikas Technology Trading Co., Ltd   Yumin Street, Houshayu Town, Shunyi DIstrict   Beijing       China        
13255   Beijing Manron Jiebo Medical Technology Co. Ltd.   Room 1508,No.3 Building, United Unicorn, Fu Tong West St., Chao Yang District   Beijing       China   100102    
3054   Belinson Hospital   Cardiology, first floor   Petach Tiqua       Israel        
3845/1   Ben Gurion University   Purchasing and Supply Dep   Beer Sheva       Israel   84105    
3845   Ben Gurion University   Mahsan   Beer Sheva       Israel   84105    
13819   Biomedics Medical Products   5, Stratou Ave.   Thessaloniki       Greece   546 45    
4041   BioTeSys GmbH   Schelztorstrasse 54-56   Esslingen       Germany   D-73728    
11258   BIOTRIAL RENNES SAS   7-9 Rue Jean-Louis Bertrand   Rennes       France   35000    
12085   BMI Healthcare - Syon   BMI Healthcare House   London       United Kingdom   SE1 8ND    
3503   Bodo Hospital   Attn. Dr. Knut Tore Lappegar   BODO       Norway   8092    
12058   Boerhaave Medisch Centrum   Dintelstraat 60   Amsterdam       Netherlands   1078 VV    
13493   Cardiologie Centra NL   Burgemeester Verderlaan 15   Utrecht       Netherlands   3544 AD    
4056   Carmel Medical Center   Mahsan Tsioud Refoui   HAIFA       Israel   3436212    
4112   Carmel Sleep Service   7 Michal st.   Haifa       Israel   34362    
9649   CEDRAMED   Rue Emile Vandervelde 29   LESSINES       Belgium   7866    

 

 1 

 

 

Itamar Medical LTD- customers List

 

Account Number   Account Name   Billing Address Line 1   Billing City   Billing State/
Province
  Billing Country   Postal
Code
  Telephone
                             
3729   Celki International Ltd.   21/f Tins Enterprises Centre           Hong Kong        
10581   Center for Sleep and Chronobiology   951 Wilson Ave., unit 15   Toronto   Ontario   Canada   M3K 2A7    
9970   Centre de Recherche PARCC U970   Team4 Dr Mirabel   Paris       France   75015    
4028   Centros Contra Salud S.L.   c/ Beatriz Tortosa 35 2   Valencia       Spain   46021    
3791   Charite Campus Mitte   Luisenstr 13   Berlin       Germany   'D10117    
14103   Children’s Hospital of Los Angeles   Hesham Mahmoud. 4650 Sunset Blvd. Ms #142.   Los Angeles   California   United States   90027    
    China National Instruments Import & Export   Rm. 710, Instrimpex Building, No.6, XiZhiMen                    
10054   (GROUP) Corporation   Wai Street   Beijing       China   100044    
13446   CHU Clermont-Ferrand   Centre approvisionnement logistique   Clermont Ferrand       France   63000    
11059   CHU de Nantes   Pharmacie Centrale-Service A   NANTES       France   44093    
13059   CHU G. Montpied   Atelier Biomedical a lattent   Clermont-Ferrand       France   63003    
13900   Chula Vista   Profil Institute for Clinical Research (PICR)   Chula Vista,   California   United States   91911    
9163   CHU-Liège   Flechage Hopital Fournisseur   Liège       Belgium   4000    
3886/1   Clalit Akko   68 Ha'atzmaut st.   Akko       Israel        
3886/6   Clalit Hadera   Sderot Haherut 7   Hadera       Israel        
3886/3   Clalit Jerusalem   Bnei Brit 22   Jerusalem       Israel   9514622    
3886/2   Clalit Kiryat Ata   Ha-Atsma'ut St 107   Kiryat Ata       Israel   28219    
3886/7   Clalit Lin- Haifa               Israel        
12161   Clinical Research Associate – CRA   L.N.Age S.r.l   Roma       Italy   00136    
13411   Corby CCG   NHS Corby Clinical Commissioning Group   Corby       United Kingdom   NN17 5EU    
11791   CRNH Rhone-Alpes   Centre Hospitalier Lyon Sud   Pierre Benite       France   69310    
11981   Dana Hoffman               Israel        
14069   deCODE Genetics ehf   deCode genetics ehf   Reykjavík       Iceland   101    
9890   Defregger Heil- und Thermalwasser GmbH   Unterrotte 75   Osttirol       Austria   9963    
    Dequan InternationalTrading (Hong Kong)                        
14269   Limited   Unit 2508A Bank of America   Hong Kong       Hong Kong        
4054   Dr. Boris Leithauser   Preventive Care Center   Hamburg       Germany   20251    
13410   Dr. Yorye Shenkar               Israel        
13745   Dr Rivi Tauman   Weizmann 14, Top Ehilov   Tel Aviv       Israel        
14088   Duke University Hospital   315 Trent Dr. Hanes House, Room 375. DUMC   Durham   New York   United States   27710    
3727   Easmed Asia Pte Ltd   159, Sin Ming Road           Singapore   575625    
10739   Eastbourne DGH   Dr Kings   East Sussex       United Kingdom   BN21 2UD    
13887   Eastgate Technical Supplies Limited   1-2 Ensign House, Admiral’s Way   London       United Kingdom   E14 9 XQ    
3819   Endolap Export Import Agency Co.Ltd   2119 Sokak No:6/6 Cankaya V   Ankara       Turkey   06520    
3813   EndoTech   Via Attilio Lenticchia n.9   Camerlata (CO)       Italy   22100    
10672   Erasmus MC   Accounts Payables Office   Rotterdam       Netherlands   3001 AL    
4099   ExcellCare   2 The Mews   Victoria       Australia   3195    
11746   ezekiel               Israel        
14232   Federico II Naples University   Department of Pediatrics   Napoli       Italy   80100    
9289   FIBAO   Fundacion Publica Andaluza p   Granada       Spain   18012    
3992   G.D.S MedTech Ltd.   GDS MedTech Ltd   Evesham, Worcestershire       United Kingdom   WR11 4EU    
9887   Galmed research and Development   16 Zeev Tiomkin St. (4th Flo   Tel Aviv       Israel   6578317    
11495   GE Sleeping Technologies Ltd.   22 Ha Ashlag St,   Haifa       Israel   3125401    

 

 2 

 

 

Itamar Medical LTD- customers List

 

Account Number   Account Name   Billing Address Line 1   Billing City   Billing State/
Province
  Billing Country   Postal
Code
  Telephone
                             
3500/2   Glasgow Cardiovascular Research Centre   University of Glasgow   Glasgow       United Kingdom   G12 8TA    
13764   GOODS INWARD   CARDIAC & SURGICAL BUILDING   COTTINGHAM       United Kingdom   HU16 5JQ    
12986   Grand Union International Logistics Ltd   FLAT A, 7/F., GATEWAY TS,   Hong Kong       Hong Kong        
4120   Haemek Hospital       Afoula       Israel        
14262   HALERIN TRADE & CONSULTING CO., LIMITED   Room 1502-15, Easey Commercial Building   Hong Kong       China        
10560   Hamburg University-Hamburg city Health study   Universitaetsklinikum Hamburg-Eppendorf   Hamburg       Germany   20246    
13418   Hans Carl Hasselbalch   Sjællands Universitetshospital   Roskilde       Denmark   4000    
14035   Hattie Zhang               China        
14550   Healthcare Manufaktur GmbH   Merowingerstrasse 2   Walldorf       Germany   69190    
11513   Health corporation of the Tel Aviv Medical center   6 Weizman St.   Tel Aviv       Israel   64239    
11109   Heart of England NHS Foundation Trust       Birmingham       United Kingdom   B25 8SB    
4136   Helisnki University Central Hospital Biomedicom   Devision of Nephrology.Helsi   Helsinki       Finland   Fin-00290    
12055   Helsinki University Central Hospital   Joint Authority of the hospital district of Helsinki and Uusimaa   Helsinki       Finland   FI-00029    
9620   Hoam Medical Co., Ltd.   Office #1812   Seoul       Korea, Republic of   152-842    
10723   Hospital Clinic   Cardiologia - Hemodinamica   Barcelona       Spain   08036    
3821   Ichilov - Medical Equipment Warehouse   Warehouse - medical equipment   Tel Aviv       Israel   64239    
3821/2   Ichilov Sleep Service   Weizmann 6Dana hospital4 flo   Tel Aviv       Israel        
13267   Icon Early Phase   ICON Early Phase Services/ CRU   San Antonio   Texas   United States   78209    
4135   IGIASI S.A.   19 PIGIS AVENUE   MELISSIA       Greece   15127    
12953   Indiana Univ -Galmed   Indiana University   Indianapolis   Indiana   United States   46202    
9227   Inserm U1061   Inserm U1061   Montpellier Cedex 05       France   34093    
11745   INSERM U970   INSERM DR PA05   Paris       France   75014    
3726/2   Instituto di Fisiologia Clinica- sede Pisa   Via Giuseppe Moruzzi,1   Pisa       Italy   56124    
9371   Interlux   Ateities str. 21   Vilnius       Lithuania   LT-08418    
3835   Intervencao, Inst. Medico Cirurgicos, Unip. lda   Rua Rodrigues Cabrilho, 5c   Lisboa       Portugal   1400-321    
10722   IRCCS Policlinico San Matteo   CARDIOLOGIA – Reparti Speciali   Pavia (PV)       Italy   27100    
13233   Ironwood Pharmaceuticals   301 Binney St   Cambridge   Massachusetts   United States   02142    
10011   Isala Academie   Innovatie en Wetenschap   Zwolle       Netherlands   8025 BP    
3692   Isso S.A   Sor Angela de la cruz, 26 B   Madrid       Spain   28020    
3898   James Cook University   Bld 39, Ground Floor   Douglas, Townsville QLD.       Australia   4811    
3908   JC Medical Inc   Room 1518, Blg. H Hui Yuan A   Beijing       China   100101    
14098   Jiwon Medical Corporation   4F Duksan BD Wonmi-gu Sang-d   Bucheon       Korea, Republic of   420816    
14087   John Radcliffe Hospital   RDM Cardiovascular Medicine   Oxford       United Kingdom   OX3 9DU    
9397   JSC LANCET   Vorontsovskaya str.35b   Moscow       Russian Federation   109147    
10081   JT Technology Co Ltd   C/O Joinus Freight Systems (HK)           Hong Kong        
10778   Kaiser Los Angeles-Research   Neurology - Sleep Medicine & EEG LAB   Los Angeles   California   United States   90027    
10680   Kaiser San Jose-Research   Kaiser Permanente   San Jose   California   United States   95119    
3137   Kamami   72 Bd de Courcelles   Paris       France   75017    
3452   Karolinska Hospital - billing   Karolinska Institutet   Stockholm       Sweden   S-10435    
4023   Kerckhoff Klinik GmbH   Benekestrasse 2-8   Bad Nauheim       Germany   61231    
9329   Klinisk forskningsavdelning   Att:Ahmad Shebel   Malmo       Sweden   S-205 02    

 

 3 

 

 

Itamar Medical LTD- customers List

 

Account Number   Account Name   Billing Address Line 1   Billing City   Billing State/
Province
  Billing Country   Postal
Code
  Telephone
                             
9382   KnowHowMed   Attention: Sergei Sencha   Odessa       Ukraine        
10205   Koge Hospital   Sarah Ekeløf Busch,   Køge       Denmark   4600    
3991   KorMedics Life Systems Co. Ltd   B-409 Woolim Lion's Vally #1   Seoul       Korea, Republic of   150-105    
3704   Kwangwoo MeDix Inc.   3F Deokmyeong Bldg., 625   Seoul       Korea, Republic of   06173    
3204   Landspitali University Hospital - Gisalson   Dept. of Medicine, division   Reykjavik       Iceland   IS-101    
11633   Leiden University Medical Center   Stafcentrum Hartziekten C5-P   Leiden       Netherlands   2300 RC    
3838   LENTE clinic   Boettingerova 26   Plzen, 30101       Czech Republic        
9702   Leumit Kiryat Byalik   22 Derech Acco   Kiryat Byalik       Israel   2709325    
12964   Life Science   8th floor Accra Law Tower   Taguig City       Philippines   1634    
13612   Linköping University   Linköpings Universitet   Linköping       Sweden   SE-581 83    
14219   Lior Solomon   Halamish 9   Caeserea       Israel        
4029   LKH-Univ. Klinikum Graz   Stmk Krankenanstaltenges.m.b   Graz       Austria   8036    
13797   Lunds universitet   Medicin   Lund       Sweden   221 00    
12114   M. Gilles BOETSCH   CNRS - Delegation Paris Michel-Ange   PARIS CEDEX 16       France   75794    
    Maastricht University and University Hospital                        
3965   Maastricht   Centraal Magazijn UM   Maastricht       Netherlands   6229 HX    
3024   MARASH   Sleep Lab 6 Ha'aliyaP.O.Box   Haifa       Israel   3109601    
13099   Mario Grittani (F2 University)   Via San Gennaro Agnano 30   Pozzuoli       Italy   80078    
14484   Maxima Medische Centrum   Ds. Th. Fliednerstraat 1   Eindhoven       Netherlands   5631 BM    
10603   Medgenics   Teradion Business Park POB 14   Misgav       Israel   20179    
3875   Medial SPOL S.R.O   Na dolinach 36/128 PO Box 37   Prague       Czech Republic   147 00    
9550   Medical University Sofia- Medical faculty   Sofia 1431   Sofia       Bulgaria   1431    
12132   Medifor srl   Via S. Leonardo (trav. Migliaro)   Salerno       Italy   84133    
3900   Medisleep International LTD   Igal Alon 96 Entrance C2nd f   Tel Aviv       Israel   69710    
3847   MEDISOFT Poland   ul. Dominikańska 9 bud. 2 lok. 138.   Warsaw,       Poland   02-738    
9732   Mediton Hilton Tel Aviv   205 HaYarkon St. Independence Park   Tel Aviv       Israel   6340506    
6700   Mediz. Hochschule Hannover   Warenannahme K02/SO/Rampe   Hannover       Germany   30625    
4008   Med-M   Med-M   Moscow       Russian Federation   121596    
3157   Menzies School of Health Research - Nick Anstey   Royal Darwin Hospital Campus   Casuarina       Australia   NT 0811    
4051   Mercé V. Valencia   C/Ruzafa, 23 - 1 y 2   Valencia       Spain   46004    
14392   Mezzion International LLC   400 Kelby Street, 12th Floor   Fort Lee   New Jersey   United States   07024    
9567   Mezzion Pharma Co. Ltd.   C&H Building, 3rd Floor   Seoul       Korea, Republic of   135-879    
13495   Michael Pasternak               Israel        
3880   Millenium-Asher-TAL   1 Habursekai st.   Beer Sheva       Israel   94040    
4116   Mor   7 Jabotinsky St. Bnei Brak           Israel   5126413    
10027   Mor Ashdod   Ha Banim 1   Ashdod       Israel        
12115   Mor Netanya   Raziel 7   Netanya       Israel        
10198   Mor Research Applications Ltd   Attn. Prof. David Margel   Tel Aviv       Israel   69710    
9420   Mor Rishon   Shderot Nim 2   Rishon-le-Zion       Israel   7546302    
13770   Multimedica Spa   Via Fantoli, 16/15   Milano       Italy   20138    
14106   Nationwide Children’s Hospital - Ohio   Joanne Chisolm   Columbus   Ohio   United States   43215    
14312   Nederlands Slaap Instituut   Antonie van Leeuwenhoekweg 38-C12   Alphen aan den Rijn       Netherlands   2408 AN    
14226   Neucomed GmbH   Stadlweg 83/85   Wien       Austria   A-1210    
4020   Newcastle University   Clinical Research Facility   Newcastle Upon Tyne       United Kingdom   NE1 4LP    

 

 4 

 

 

Itamar Medical LTD- customers List

 

Account Number   Account Name   Billing Address Line 1   Billing City   Billing State/
Province
  Billing Country   Postal
Code
  Telephone
                             
14225   Newcastle University   Cardiovascular Research Centre   Newcastle Upon Tyne       United Kingdom   NE1 3BZ    
4104   NIKO-MED Sp. z o.o.   NIKO-MED Sp. z o.o.ul. K.Cio   15-245 Biaystok,       Poland        
3901   NMP Neuwirth Medical Products GmbH   Bachstrasse 10   Obernburg       Germany   D - 63785    
11308   Oded Edri   Haharava 13   nesher       Israel        
4009   Optimal Life   Attn. Yoram Levin(052) 464-1           Israel        
3839   OPTOMIC   OPTOMIC ESPANA, S.A.   Colmenar Viejo - Madrid       Spain   E-28770    
13442   Orit Mor               Israel        
3029   Oslo Universitetssykehus HF   Ulleval sykehus   Oslo       Norway   0450    
    ospedale Niguarda       Milano       Italy   #N/A    
11987   PAREXEL International GmbH   Klinikum Westend, Haus 18 Spandauer Damm 130   Berlin       Germany   14050    
11988   PAREXEL International GmbH/shipping   Jens Janiszewski   Berlin,       Germany   14050    
9272   Philips Respironics GK   Philips Respironics GK, Miyahara Operations   Saitama       Japan   331-0812    
9549   Philips Respironics GK   Miyahara warehouse   Kita-ku, Saitama       Japan   331-0812    
10232   Private clinic -Prof. Itamar Raz   Brodezki 43 knisa Bet , floor 4 Ramat Aviv   Tel Aviv       Israel        
3406/1   Prof. J.J. Gilmartin   5 Averard West   Galway       Ireland        
9551   Prof Anthony Papavassiliou   9 Vyzantiou Street   Pallene Attiki       Greece   15351,    
3962   Project BIG 3 - Skånes Universitetssjukhus   Attn. Johanna Mercke Odeberg   Lund       Sweden   SE-221 85    
11259   Prospect II   UCR | Uppsala Clinical Research Center   Uppsala       Sweden   SE-752 37    
13091   Rambam Hospital- Ruth Children's Hospital   Pediatric A   Haifa       Israel        
13057   Regen Med Inc.   8th floor Accra Law Tower   Taguig City       Philippines   1634    
11493   Research Found - Tel Hashomer Hospital   Non profit organization: 580301992   Tel Hashomer       Israel   5265601    
6606   Rostock University Hospital   Department of Pediatrics   Rostock       Germany   D-18057    
3220/2   Royal Brompton Hospital   12 Haldane Road,   London       United Kingdom   SW6 7EU    
13100   Royal Free NHS Foundation Trust               United Kingdom        
        St. Josef Hospital Ruhr - University                    
    Ruhr-Universität in den BG / St. Josef Hospital   Gudrunstrasse 56   Bochum       Germany   #N/A    
3667   Sahlgrenska Univ. Hospital   Njurmottagningen Vita strake   GOTEBORG       Sweden   SU/S-413 4    
    Sarel Logistic Solutions &Products for Advanced                        
14101   Medicine   SAREL Supplies&Services for Medicine LTD   Netanya       Israel   42504    
14529   Satina Medical   Am Waldesrand 26   Wandlitz       Germany   16348    
11280   SC DISTRIBUTION MEDICAL   746 route de la jars   Quaix en chartreuse       France   38950    
13022   SinusTec S.P.R.L.   VAT BE 0645982386   Auderghem       Belgium   B-1160    
3015   Sleep Medicine laboratory   Merkaz le Rafuat Sheina   Holon       Israel        
3046   Slotervaartziekenhuis B.V.   Afd. Crediteuren   Amsterdam       Netherlands   1066 EC    
        Soroka Medical Center - Cardiology department                    
11327   Soroka-Cardiology   Rager Boulevard   Beer Sheva       Israel        
12087   St. Reiss Shanghai Medical Center   Block D, Zhong Lian Villa,   Shanghai       China        
13350   Stablemed BV   1e Brandenburgerweg 13   Bilthoven       Netherlands   3721-MB    
9841   Stendo   17 Rue du Port – BP 119   LOUVIERS Cedex       France   F-27401    
3680   Steno Diabetes Center   Steno Diabetes Centre   Gentofte       Denmark   2820    
11562   Technische Universität München   Lehrstuhl für Präventive Pädiatrie   München       Germany   80992    
4092   Tel Aviv Sourasky Medical Center   Department of Internal Medic   Tel-Aviv       Israel   64239    
4134   Tel Hashomer- EndoPAT   Sheba road 2   Ramat-Gan       Israel        
11716   The Hong Kong Polytechnic University   Room Y934           Hong Kong        

 

 5 

 

 

Itamar Medical LTD- customers List

 

Account Number   Account Name   Billing Address Line 1   Billing City   Billing State/
Province
  Billing Country   Postal
Code
  Telephone
                             
4043   The Lister Hospital   Chelsea Bridge road           United Kingdom   SW1W 8RH    
10212   Timik AB   Att: Thomas Langberg   Sollentuna       Sweden   19140    
4119   TUM- Technische Universität München   Lehrstuhl fur Praventive   Munchen       Germany   D-80992    
12093   U.Klinik Schleswig-Holstein   MK II, Kardiologie, 040.320 10 01 5.00   Lubeck       Germany   D-23538    
12956   UAntwerpen - CDE - T3.30 LEMP   Campus Drie Eiken CDE   Wilrijk       Belgium   2610    
14532   UCL Partners   UCLPartners   London       United Kingdom   W1T 7HA    
        Experimental Cardiology Laboratory, Divison of                    
        Heart & Lungs, UMC Utrecht, Room Room                    
13839   UMC Utrecht   number G02.524, P.O. Box 85500,   Utrecht       Netherlands   3508 GA    
13884   Università degli Studi di Brescia   Dipartimento di Specialità Medico-Chirurgiche   Brescia       Italy   25121    
9471   Universitat Bern   Universitatsklinik fur Neuro   Bern       Switzerland   3010    
4024   Universitätsklinikum Würzburg   DZHI   Würzburg       Germany   D- 97078    
        Laboratoire de Physiologie et dExplorations                    
        Fonctionnelles de la Faculte de Medecine                    
13060   Universite Cheikh Anta DIOP-UCAD   Pharmacie et Odontologie   Dakar - Fann       Senegal   BP5005    
13721   Universitetet i Oslo   Kvinneklinikken vMichael P. Hjornholm   Oslo       Norway   NO-0450    
11450   University Hospital Antwerp   Wilrijkstraat 10, Route 120   Edegem       Belgium   2650    
3763   University Hospital Antwerp   UNIVERSITEIT ANTWERPEN   Antwerpen       Belgium   2020    
4114   University Hospital Örebro Sweden   Attn. Olof Hellberg   Örebro       Sweden   70185    
14165   University Hospitals of Leicester - sleep   Sleep Laboratory   Leicester       United Kingdom   LE5 4DG    
    University of Alberta/Stollery Children’s Hospital                        
14107   Edmonton   Dr. Andrew Mackie Unit 4C2,   Edmonton   Alberta   Canada   T6G-2B7    
10634   University of Cagliari, Italy   Dipartimento di Scienze mediche "M. Aresu",   Monserrato (CA)       Italy   09042    
6603   University of Cape Town   Purchasing Department F   Mowbray       South Africa   7700    
11134   University of Leicester   Tracy T Kumar   Leicester       United Kingdom   LE3 9QP    
3970   University of Louvain Medical School   Unit of Pharmacology and The   Brussels       Belgium   B-1200    
10270   University of Milan   DIP.ScienzeBiomediche e Cliniche "Luigi Sacco"   Milano       Italy   20157    
12160   University of Porto   A/C Eva Azeredo   Porto       Portugal   4099-002    
11043   University of Utah School of Medicine PHARMA   Eccles Primary Children's   Salt Lake City   Utah   United States   84113    
4081   UPRES EA 220 / DRCI   Institut de Formation en Soi   Suresnes       France   92150    
13957   UZ Brussel - Kinderziekenhuis   Kinderendocrinologie   Jette       Belgium   1090    
14104   Vanderbilt University   Sheri Dixon Vanderbilt Clinical Trials Center   Nashville   Tennessee   United States   37212-821    
10161   VE.DI.SE. HOSPITAL S.p.A.   Via Portuense, 959   Rome       Italy   00148    
9954   VU Medical Centre_1   Dept.of Logistics   Amsterdam       Netherlands   1081 BT    
12998   West Glasgow Ambulatory Care Hospital   Miss Lisa Jolly   Glasgow       United Kingdom   G3 8SJ    
6602   Wilhelmina Children Hospital   Attn. Gerbrand Zoet   Raleign       Netherlands   27675    
11332   Yasmin Zeidan               Israel        
13893   Yitzhack Schwartz, MD               Russian Federation        
11183   Zurich Heart institute   Attention of Silviya Cantatore   Zurich       Switzerland   8091    

 

 6 

 

 

Report of the Registrar of Companies attached to the Secured Debenture pursuant to Section 6a of the Secured Debenture

 

[INFORMAL ENGLISH TRANSLATION] 

 

COMPLETE REGISTRAR REPORT

 

Company Details
Corporation Number 51-243421-8
Company Name Itamar Medical Ltd.
English Name ITAMAR MEDICAL LTD.
Company Type Public Company
Type of Liability Limited
Legal Status Active
Company Address Caesarea, Halamish St. 9, Israel, Zip: 3088900
P.O Box 3579, Caesarea
Registration Date 15/01/1997
Company Purposes To engage in any business specified in the Articles of Association
Comments This company is a reporting corporation under Section 1 of the Israeli Companies Law 5759-1999, which is not obligated to report to the Registrar of Companies, apart from the matters detailed in Section 145 of the law. For updated information regarding shareholders, directors, annual reports and share capital, please contact the Israeli Securities Authority.
Occupation Development, production and marketing of medical equipment
Date of Last Annual Report Updated as of 26/12/2001
Total Authorized Capital NIS 1042680.00

 

Prior Names
Prior Name English Name Date of Change
ITAMAR MEDICAL (C.M.) 1997 LTD. ITAMAR MEDICAL (C.M.) 1997 LTD. 28/06/2000

 

Share Capital Allocation
Number of Shares Share Type Par Value Amount Issued to Shareholders
2,000,000 Preferred A NIS 0.01 2,000,000
6,438,000 Preferred B NIS 0.01 3,433,619
12,830,000 Preferred C NIS 0.01 0
83,000,000 Ordinary NIS 0.01 10,191,500

 

Shareholders
ID Name Address Holdings
00-840971-6 Shani Prof Mordechai Ramat Efal, Hashita St. 7, Israel 10,000 Ordinary Shares Par Value NIS 0.01 – Standard Holding

 

ID Name Address Holdings
00-0000050-6 Sheps David Not Registered 1,000 Ordinary Shares Par Value NIS 0.01 – Standard Holding

 

ID Name Address Holdings
05-184143-5 Gene Kleinhendler as Trustee Tel Aviv, Kalisher St. 30, Israel 128,000 Ordinary Shares Par Value NIS 0.01 – Standard Holding

 

ID Name Address Holdings
11-333692-8 Shomar Corporation New York

(a) 459,326 Preferred B Shares Par Value NIS 0.01 – Standard Holding;

(b) 2,500,000 Ordinary Shares Par Value NIS 0.01 – Standard Holding

 

 

 

 

ID Name Address Holdings
12-457777-7 Trust Stack Family United States

65,000 Preferred B Shares Par Value NIS 0.01 – Standard Holding;

 

 

ID Name Address Holdings
01-526401-3 Chanel Bob Kiryat Bialik, Hadafna St. 5, Israel 150,000 Ordinary Shares Par Value NIS 0.01 – Standard Holding

 

ID Name Address Holdings
00-169983-4 Mor Refael Ramat Gan, Kiryat Krinitzi St. 10, Israel 100,000 Ordinary Shares Par Value NIS 0.01 – Standard Holding

 

ID Name Address Holdings
00-170781-9 Yaron Giora Caesarea, Snapir St. 7, Israel

(a) 109,956 Preferred B Shares Par Value NIS 0.01 – Standard Holding;

(b) 4,000,000 Ordinary Shares Par Value NIS 0.01 – Standard Holding

 

ID Name Address Holdings
21-544447-7 Edward Sarah A United States 10,730 Preferred B Shares Par Value NIS 0.01 – Standard Holding

 

ID Name Address Holdings
00-225649-8 Trust for Barbara Walkerson Irrevocable United States 3,674 Preferred B Shares Par Value NIS 0.01 – Standard Holding

 

ID Name Address Holdings
25-111444-9 Bay City Capital Investment United States 17,987 Preferred B Shares Par Value NIS 0.01 – Standard Holding

 

ID Name Address Holdings
25-216666-8 G.R.G Leonardo Backer United States 42,918 Preferred B Shares Par Value NIS 0.01 – Standard Holding

 

ID Name Address Holdings
25-369999-9 Frank Fredrick United States

(a) 26,666 Preferred A Shares Par Value NIS 0.01 – Standard Holding;

(b) 42,918 Preferred B Shares Par Value NIS 0.01 – Standard Holding

 

ID Name Address Holdings
36-232666-6 Bay City Capital Fund III United States 411,197 Preferred B Shares Par Value NIS 0.01 – Standard Holding

 

 

 

 

ID Name Address Holdings
36-251444-7 Generator Trust Kenneth S Abramowitz United States 20,000 Preferred B Shares Par Value NIS 0.01 – Standard Holding

 

ID Name Address Holdings
36-259777-7 Trust Spivak Family P Spivak United States 6,5000 Preferred B Shares Par Value NIS 0.01 – Standard Holding

 

ID Name Address Holdings
36-259888-8 Harry G Sal Trust Harry G & Krol D Sal United States 21,500 Preferred B Shares Par Value NIS 0.01 – Standard Holding

 

ID Name Address Holdings
36-367777-7 Zifroni Revocable Trust 1/24/86 United States 439,992 Preferred B Shares Par Value NIS 0.01 – Standard Holding

 

ID Name Address Holdings
00-038631-8 Shimoni Yossef Kiryat Ono, Zaidman St. 6, Israel

(a) 2,618 Preferred B Shares Par Value NIS 0.01 – Standard Holding;

(b) 7,500 Ordinary Shares Par Value NIS 0.01 – Standard Holding

 

ID Name Address Holdings
00-392318-2 Primas Yesha Haifa, Dereh Hayam St. 16, Israel

(a) 1,000 Preferred B Shares Par Value NIS 0.01 – Standard Holding;

(b) 2,500 Ordinary Shares Par Value NIS 0.01 – Standard Holding

 

ID Name Address Holdings
04-264223-1 Shmuel Ret Tel Aviv, Levi Eshkol St. 44, Israel 50,000 Ordinary Shares Par Value NIS 0.01 – Standard Holding

 

ID Name Address Holdings
50-369363-6 Moran Ray United States

(a) 10,000 Preferred A Shares Par Value NIS 0.01 – Standard Holding;

(b) 3,674 Preferred B Shares Par Value NIS 0.01 – Standard Holding

 

ID Name Address Holdings
05-075185-8 Eitan Wertheimer Caesarea, Harimon St. 5, Israel 26,666 Preferred A Shares Par Value NIS 0.01 – Standard Holding

 

ID Name Address Holdings
05-417803-3 Zamir Yehuda Raanana, Hanesher St. 82, Israel

(a) 2,618 Preferred B Shares Par Value NIS 0.01 – Standard Holding;

(b) 7,500 Ordinary Shares Par Value NIS 0.01 – Standard Holding

 

 

 

 

ID Name Address Holdings
63-666699-6 Pacific East Partners United States 214,593 Preferred B Shares Par Value NIS 0.01 – Standard Holding

 

ID Name Address Holdings
06-936666-6 International ENC Sandyline United States 214,600 Preferred B Shares Par Value NIS 0.01 – Standard Holding

 

ID Name Address Holdings
70-124544-4 Darley Maxi United States, California 2,500 Ordinary Shares Par Value NIS 0.01 – Standard Holding

 

ID Name Address Holdings
70-252525-2 Karmi Partners United States

(a) 26,667 Preferred A Shares Par Value NIS 0.01 – Standard Holding;

(b) 643,677 Preferred B Shares Par Value NIS 0.01 – Standard Holding

 

ID Name Address Holdings
70-289999-9 Genome Partners United States 26,667 Preferred A Shares Par Value NIS 0.01 – Standard Holding

 

ID Name Address Holdings
70-454555-5 Medved Johnathan Jerusalem, Emek Refaim St. 64, Israel 10,000 Preferred A Shares Par Value NIS 0.01 – Standard Holding

 

ID Name Address Holdings
70-548977-7 Spoke Family United States, Maryland 2,500 Ordinary Shares Par Value NIS 0.01 – Standard Holding

 

ID Name Address Holdings
70-549999-9 Mendel Edward United States, California 2,500 Ordinary Shares Par Value NIS 0.01 – Standard Holding

 

ID Name Address Holdings
70-585858-5 Asher Robert United States 14,167 Preferred A Shares Par Value NIS 0.01 – Standard Holding

 

ID Name Address Holdings
70-877878-7 Roselyne Swig United States, New York 10,000 Preferred A Shares Par Value NIS 0.01 – Standard Holding

 

ID Name Address Holdings
70-888888-8 Barbara Walkerson United States 10,000 Preferred A Shares Par Value NIS 0.01 – Standard Holding

 

ID Name Address Holdings
70-898989-8 SG Cohen David B United States 5,000 Preferred A Shares Par Value NIS 0.01 – Standard Holding

 

 

 

 

ID Name Address Holdings
70-989899-9 Paul D Larson United States

(a) 1,716 Preferred B Shares Par Value NIS 0.01 – Standard Holding;

(b) 2,500 Ordinary Shares Par Value NIS 0.01 – Standard Holding

 

ID Name Address Holdings
70-989989-9 Albert Paul United States, Illinois 10,000 Ordinary Shares Par Value NIS 0.01 – Standard Holding

 

ID Name Address Holdings
70-989999-9 Medtronic International United States

(a) 1,800,000 Preferred A Shares Par Value NIS 0.01 – Standard Holding;

(b) 643,777 Preferred B Shares Par Value NIS 0.01 – Standard Holding

 

ID Name Address Holdings
70-999999-9 Stein 1995 Revocable United States 10,000 Preferred A Shares Par Value NIS 0.01 – Standard Holding

 

ID Name Address Holdings
72-878787-8 Uzi Zucker United States

(a) 14,167 Preferred A Shares Par Value NIS 0.01 – Standard Holding;

(b) 53,648 Preferred B Shares Par Value NIS 0.01 – Standard Holding

 

Corporation Registration Number Name Address Holdings
51-118332-9 M.R.S Sleep Laboratory Center Ltd. Haifa, Haaliah Hashnia St. 6, Israel, Zip: 3525406, Post Box: 9602, Rambam Hospital 1,600,000 Ordinary Shares Par Value NIS 0.01 – Standard Holding

 

Corporation Registration Number Name Address Holdings
51-178623-8 SLP Scientific Laboratory Products Ltd. Tel-Aviv, Mordechai Anilevich St. 62, Israel, Zip: 6706016 10,000 Ordinary Shares Par Value NIS 0.01 – Standard Holding

 

Corporation Registration Number Name Address Holdings
51-179836-5 Gour Medical Ltd. Tel-Aviv, David Hamelech St. 47, Israel, Zip: 6423715 at accountant Yehuda Gordon

1,570,000 Ordinary Shares Par Value NIS 0.01 – Standard Holding;

this corporation is willingly liquidated

 

Corporation Registration Number Name Address Holdings
51-204673-1 RB – NA Ltd. Tel-Aviv, Pinkas St. 62, Israel, Zip: 6215715 10,000 Ordinary Shares Par Value NIS 0.01 – Standard Holding

 

 

 

 

Corporation Registration Number Name Address Holdings
51-214828-9 Sian Carmel Ltd. Haifa, Alexander Yanai St. 14, Israel at Pereg

10,000 Preferred A Shares Par Value NIS 0.01 – Standard Holding;

this corporation is willingly liquidated

 

Corporation Registration Number Name Address Holdings
51-245877-9 P.L.E. (Pearl-Latzer-Eitan) 1997 Ltd. Not Registered

25,000 Ordinary Shares Par Value NIS 0.01 – Standard Holding;

this corporation is willingly liquidated

 

 

Changes of Articles of Association
Date of Decision Date of Registration A summary of decision
28/09/2016 28/09/2016 Correction of typo – change in Composition of Share Capital
28/09/2016 28/09/2016 Correction of typo – change in Composition of Share Capital
28/09/2016 28/09/2016 Correction of typo – change in Composition of Share Capital
28/09/2016 28/09/2016 Correction of typo – change in Composition of Share Capital
27/02/2007 12/06/2007

Turning the company into a public company

 

Turning the company into a public company

 

Turning the company into a public company

 

Turning the company into a public company

 

Turning the company into a public company and change of Articles of Association

29/12/2005 27/12/2005 Capital increase of NIS 128300
26/12/2005 27/12/2005 Capital increase of NIS 211380
21/08/2005 22/01/2006 Change of Articles of Association
06/06/2005 04/09/2005 Capital increase of NIS 403000
29/12/2003 06/04/2005 Replacement of Articles of Association
12/12/2001 12/02/2002 Replacement of Articles of Association
12/12/2001 12/02/2002 Change in Composition of Share Capital
12/12/2001 12/02/2002 Change in Composition of Share Capital
12/12/2001 12/02/2002 Change in Composition of Share Capital
12/12/2001 07/02/2002 Capital increase of NIS 50000
28/06/2000 24/07/2000 Change of Company's name
28/06/2000 05/10/2000 Changes in the Articles of Association
09/02/1998 08/03/1998 Replacement of Articles of Association
09/02/1998 08/03/1998 Change in Composition of Share Capital
14/07/1997 22/07/1997 Capital increase of NIS 220,000.00
09/04/1997 20/05/1997 Replacement of Sections 30, 68, 91 and adding Sections 91(c) and (d) to Articles of Association

 

 

 

 

Change of Status
No Change of Status

 

Outstanding Fee Debt
The Company does not hold any debt of annual fee to the Registrar of Companies

 

Pledge Details
Pledge Number Date of Creation Date of Registration Secured Amount Date of Removal Instrument Description
1 23/02/2006 20/03/2006   25/02/2014  

 

Pledge Number Date of Creation Date of Registration Secured Amount Date of Removal Instrument Description
2 04/12/2007 14/01/2008   18/06/2009  

 

Pledge Number Date of Creation Date of Registration Secured Amount Removed on Instrument Description
3 05/05/2008 29/05/2008 NIS 30,000.00    
Asset Description First degree Fixed Charge on a monetary variable interest deposit; transaction number 1113007, account number 42310
Special Terms No pledge or transfer may be made without the consent of the pledgee
Name of Creditor Bank Hapoalim Ltd.
Corporation Registration Number 52-000011-8 Amount of Loan  

 

 

 

 

Pledge Number Date of Creation Date of Registration Secured Amount Date of Removal Instrument Description
4 24/06/2008 02/07/2008 NIS 400,000.00    
Asset Description First degree Fixed Charge on a monetary variable interest deposit; transaction number 1176027, account number 42310
Special Terms No pledge or transfer may be made without the consent of the pledgee
Name of Creditor Bank Hapoalim Ltd.
Corporation Registration Number 52-000011-8 Amount of Loan  

 

Pledge Number Date of Creation Date of Registration Secured Amount Date of Removal Instrument Description
5 07/01/2009 25/01/2009   25/02/2014  

 

Pledge Number Date of Creation Date of Registration Secured Amount Date of Removal Instrument Description
6 01/01/2012 10/01/2012   20/03/2013  

 

Pledge Number Date of Creation Date of Registration Secured Amount Date of Removal Instrument Description
7 04/01/2012 22/01/2012   23/12/2013  

 

Pledge Number Date of Creation Date of Registration Secured Amount Date of Removal Instrument Description
8 28/06/2012 23/09/2012   25/02/2014  

 

 

 

 

Pledge Number Date of Creation Date of Registration Secured Amount Date of Removal Instrument Description
9 19/01/2014 09/03/2014   05/03/2017  

 

Pledge Number Date of Creation Date of Registration Secured Amount Date of Removal Instrument Description
10 22/03/2015 17/05/2015   23/03/2017  

 

Pledge Number Date of Creation Date of Registration Secured Amount Date of Removal Instrument Description
11 22/03/2015 17/05/2015   21/03/2017  

 

Pledge Number Date of Creation Date of Registration Secured Amount Date of Removal Instrument Description
12 08/06/2016 29/06/2016 NIS 20,000.00    
Asset Description First degree Fixed Charge and Pledge on certain monetary deposits existing in account no. 42311, which is managed at the Hadera business branch of the Bank (072) under the name of the Pledgor (hereinafter: "the Pledgor's Account"), including such monetary deposits earnings, as specified below. The deposit amount is NIS 20,000. The transaction number in accordance with which the deposit was deposited is 1600001.
Special Terms No pledge or transfer may be made without the consent of the pledgee
Name of Creditor Bank Hapoalim Ltd.
Corporation Registration Number 52-000011-8 Amount of Loan  

 

 

 

 

Summary of Pledge Details
Number of Removed Pledges 9
Number of Unlimited Pledges 0
Amount of Limited Pledges NIS 450,000.00

 

Annual Reports
Year Date of Report Date of Receipt
1999 01/11/1999 17/11/1999
2001 26/12/2001 26/12/2001

 

(*) - processed following an annual report

 

The Company's or partnership's Extract constitutes a summary of information from the computerized data base of the Israeli Corporations Authority, which is provided as a service to the public, according to information received by the Authority. The information in the Extract may be incomplete, inaccurate or out of date. The data in the Extract should not be relied upon, since the Extract is not one of the documents run by the Israeli Corporations Authority according to law.

 

In order to ascertain the information and reports submitted to the Registrar of Companies or to the Registrar of Partnerships as required by law, please refer to the corporation's file (for information: taagidim.justice.gov.il). It is hereby noted that the information contained in the Company's file with respect to the Company's shareholders and directors, as well as additional information, is declarative in nature, and does not constitute a substitute for review of the register of shareholders and of the Company's directors, which are run by the Company. Such registers are available to public review at the registered office of the Company.

 

The Extract may also include a summary of information received from state authorities, such as the enforcement and collection authority, the official receiver and the court system, which is also provided as a service to the public. The information may be partial or out of date, and therefore should not be relied upon. The information can be reviewed at the authorized state authority.

 

Produced by BDI on 28/05/17;  Last Update on Registrar of Companies database on 20/04/17

  

 

 

 

Date: 29th May 2017

Mizrahi Tefahot Bank Ltd

(hereinafter: the “Bank”)

 

Re: Negative Charge

Irrevocable Undertaking

 

WHEREAS Itamar Medical Ltd. (hereinafter: the “Client”) has received and/or is about to receive Credit from the Bank, as defined in the Bank’s “Agreement and General Business Terms” and/or “Framework agreement” and/or “Application to Open an Account” and/or “Application to Effect Changes in an Account” and/or “Account Management General Terms and Conditions” and/or “General Conditions for Credit Activities” and all the appendices and amendments thereto and/or various banking services, (hereinafter: “the Credit”);
   
AND WHEREAS we, the undersigned, I.M.E 2016 B.V. (hereinafter: the “Company”) are subsidiary of the Client;
   
AND WHEREAS the Credit is and/or shall be given by the Bank inter alia in reliance upon this undertaking;

 

WE ACCORDINGLY WARRANT, CONFIRM AND UNDERTAKE TO THE BANK AS FOLLOWS:

 

1. As at the date of giving this undertaking, there is no floating charge over the Company’s assets in favour of any third party, nor has the Company given any undertaking to create a floating charge in favour of any third party.
   
2.

As at the date of giving this undertaking, there is no fixed charge over the Company’s assets in favour of a third party, nor has the Company given any undertaking to create a fixed charge in favour of any third party.

 

The provisions of this clause and clause 1 above are save for the charges specified below:

 

2.1     2.4  
2.2     2.5  
2.3     2.6  

 

3. The Company shall not in any matter charge its existing assets or its assets as shall exist from time to time in a floating charge and of any type or ranking without obtaining the Bank’s prior written consent.
   
4. The Company shall not charge any asset that exists and/or is registered in its name without obtaining the Bank’s prior written consent. Notwithstanding the foregoing provisions in this clause, the Company shall be entitled to create a fixed charge over new fixed assets in favour of another bank the purchase whereof shall be financed by such bank and such being up to the amount that it has borrowed from it for such purpose.
   
5. If for any reason whatsoever the Company shall breach its commitment herein, the Bank shall be entitled to immediate repayment of the credit amounts given to the Company and/or to the Client, in addition to any relief and/or remedy to which the Bank is entitled against the Company and/or the Client pursuant to any agreement or law.
   
6. The Company’s irrevocable undertakings herein are given to secure the rights of Mizrahi Tefahot Bank Ltd., and shall continue to be in effect until its termination is approved by the Bank.
   
7. This undertaking shall be governed by and interpreted in accordance with the laws of the State  of Israel, without giving effect to the rules respecting conflict of law. The competent courts in Tel Aviv shall have sole and exclusive jurisdiction over any dispute between the parties, as set forth herein.

 

Your faithfully.

 

/s/ Dorsha B.V.  
I.M.E 2016 B.V  
By: Dorsha B.V.  
Its: Director  

 

 

 

  

Name of Customer:       Itamar Medical, Inc.                                                                                                                                      

Address: _______________________________________ I.D./Company No:__________________________

 

MIZRAHI TEFAHOT BANK LTD

 

Kenyon Orot Branch

 

CONTINUING GUARANTEE IN AN UNLIMITED AMOUNT TO SECURE ALL DEBTS

 

PREAMBLE WHEREAS Mizrahi Tefahot Bank Ltd (hereinafter referred to as the “Bank”) has granted or from time to time shall grant to Itamar Medical Ltd. (hereinafter referred to as the “Customer”) credit under such terms as from time to time were and/or shall be agreed upon between the Bank and the Customer in respect of each credit;
   
  AND WHEREAS we, the undersigned, are willing to guarantee to the Bank the repayment of debts of any kind owing now and / or hereafter from the Customer to the Bank;
   
  NOW THEREFORE WE CONFIRM, GUARANTEE AND UNDERTAKE AS FOLLOWS:-

 

DEFINITIONS 1. In this Guarantee:-

  (a) “Credit”, whether in Israeli currency or in any foreign currency, includes every revolving credit, single credit, loan, discount, purchase and or brokerage of bills, overdraft, granting of guarantee and/or letter of indemnity, opening of documentary credit, grant of extension of time, and of various banking facilities, handling of bills of lading transactions in securities services, or any other payments granted or to be granted now or hereafter by the Bank to the Customer or to his order, whether in Israel or abroad, as well as every and any other transaction or other action whereby or as a result of which debts or obligations are or may be incurred or undertaken by the Customer towards the Bank, whether as debtor, guarantor or endorser and/or in any other manner whether the said debts be owing from the Customer jointly or severally, whether owing presently or hereafter, whether maturing prior to the execution hereof or hereafter, whether certain or contingent, whether owing directly or indirectly, whether express or implied.
  (b) Words importing the singular shall include the plural and vice versa.
  (c) Words importing the masculine gender shall include the feminine gender and vice versa.
  (d) “Bank” means Mizrahi Tefahot Bank Ltd and includes all branches and/or offices and/or subsidiaries and/or affiliates of the Bank existing on the date of this Guarantee, whether in Israel or abroad, and/or any such branch and/or office and/or subsidiary and/or affiliate of the Bank that shall at any future date be established in any place whether in Israel or abroad, its assigns and any person or legal entity duly authorized to act on behalf of the Bank and its duly appointed representatives.
  (e) The “Customer” includes the heirs, estates, successors, executors and administrators of their wills and estates and their appointees and substitutes, guardians, liquidators, directors, partners, shareholders, trustees and assigns of the Customer or power of attorney acting in the Customer’s stead.
  (f) “Bills” include promissory notes, cheques, bills of exchange, commitments, guarantees, bills of securities, drafts, bills of lading and any other negotiable and any other negotiable instruments.
  (9) “Consumer Price Index” means the price index known as “the Consumer Price index” (cost of living index) including fruits and vegetables, published by the Central Bureau of Statistics of the State of Israel, and including such index if published by another official body or institute, and also any official index replacing it, irrespective of whether based on the same data.
  (h) The expression “Representative Rate of the US Dollar” or “Representative Rate” means the representative of the US dollar determined by the Bank of Israel. In the event that the Bank of Israel ceases to determine the Representative Rate either temporarily or permanently, the Representative Rate shall be determined by the Bank.
  (i) The expression “Dollar” means the US dollar.
  (j) “Exchange Rate” means the selling price for cheques and transfers and/or bank notes of any denomination whatsoever in foreign currency, all as shall be determined by the Bank. In the event that at any such time two or more exchange rates as aforesaid are prevailing at the Bank, the Exchange Rate shall be the highest such rate then prevailing. In the event that at the time of such conversion of foreign currency additional payments, including commissions, levies, taxes, fees and other costs, etc. shall apply, the Exchange Rate shall be deemed to include any such additional payments.
  (k) The preamble to this Guarantee shall constitute an integral part hereof.

 

 1 

 

 

GUARANTEE 2. We hereby irrevocably guarantee to the Bank and its assigns absolutely, unequivocally and unconditionally the full and prompt repayment of any sums owing now and/or hereafter from the Customer to the Bank, inter alia, in connection with the granting of the Credit by the Bank to the Customer, whether the said debts be owing from the Customer singly or jointly with another or others, whether incurred by the Customer in the past or are to be incurred by the Customer in the future, whether owing from the Customer as debtor, guarantor or endorser, whether owing now or hereafter, whether certain or contingent, whether owing directly or indirectly, with the addition of interest, commissions, damages, linkage differentials, exchange rate differentials and any other reasonable and actual charges and costs (all the aforesaid sums hereby guaranteed by us shall hereinafter be referred to as the “Said Sums”). For the avoidance of any doubt, it is hereby agreed and confirmed that we hereby guarantee all linkage differentials and/or exchange rate differentials of any kind whatsoever owing now and/or hereafter by the Customer to the Bank in respect of linked principal and/or linked interest constituting part of the Said Sums. Accordingly, the expression the “Said Sums” shall also be deemed to include the aforesaid linkage differentials and exchange rate differentials.
     
OBLIGATION AMOUNT. 3. The aggregate amount which we shall be obliged to pay the Bank under the present Guarantee (hereinafter referred to as the “Guaranteed Amount”) shall be an unlimited amount.
     
PAYMENTS DATES 4. We undertake to pay the Bank any amount it may demand from us from time to time, within 7 (seven) days of the date of the dispatch of its first demand notice on account of the Guaranteed Amount as the Customer shall owe the Bank, up to the full actual repayment thereof.
     
WAIVER OF PRIOR DEMAND NOTICE FOR REPAYMENT TO CUSTOMER 5. Except for the notices required pursuant to this Guarantee and as required by applicable law, the undersigned waives notice of acceptance of this Guaranty and notice of any liability to which it may apply, and waives presentment, demand of payment, protest, notice of dishonor or nonpayment of any such liabilities, suit or taking other action by the Bank against, and any other notice to, any party liable thereon (including the undersigned). Notwithstanding the foregoing, the Bank shall provide notice of default to the Customer concurrently with providing a demand for payment to us, We shall pay the Bank all such sums as the Bank may demand from us as aforesaid, without imposing upon the Bank any duty to provide us with any accounts or proof whatsoever of the non-performance by the Customer of his obligations, and we hereby waive any requirement that the Bank make prior demand for payment of any such sums from the Customer. The Bank shall be entitled to demand from us the performance of this Guarantee, without the Bank being obliged to institute any proceedings for the collection of any such sums from the Customer, or from any liquidator or trustee thereof or from other guarantors or to realize other collateral. The institution of any proceedings by the Bank in order to collect any such sums shall not derogate from our obligations to pay any such sums immediately and we shall not be entitled to delay the payment of any such sums until the finalization of any other proceedings instituted by the Bank.
     
FOREIGN CURRENCY TRANSACTION 6.

In every instance that Credit is granted or is to be granted to the Customer in any foreign currency (hereinafter referred to as a “Foreign Currency Transaction”), we hereby undertake to pay to the Bank or to its order in that same foreign currency all the Said Sums which are due and which shall become due from the Customer with respect to that Foreign Currency Transaction, including principal, interest and linkage differentials, if they occur, as well as commissions and reasonable and actual expenses resulting from the linkage of the principal and the interest or any one of them, to the Exchange Rate.

 

In the event that the Bank shall be compelled to take legal action against us (on the basis of this Guarantee) in order to recover Said Sums in respect of a Foreign Currency Transaction and the court and/or the execution office shall order us to pay any sums in respect of the Foreign Exchange Transaction, in Israeli currency or in consideration of Israeli currency, we hereby undertake to pay the Bank the amount, in New Israeli Shekel, or the proceeds thereof, which shall be sufficient for the conversion into foreign currency of the said amount in accordance with the Exchange Rate prevailing on the date of actual payment.

     
LIABILITY IN EVENT OF ARRANGMENT, LIQUIDATION OR BANKRUPTCY 7. In the event of any arrangement made with respect to the debts of the Customer, (including an arrangement by the court) or the liquidation or bankruptcy thereof, such arrangement shall not derogate from our obligations pursuant to this Guarantee and the Bank shall be entitled to demand from us the Guaranteed Amount in full in accordance with the amount of the Said Sums as would have been due from the Customer to the Bank if it were not for such arrangement, liquidation or bankruptcy. The Bank shall be entitled to consent to any compromise settlement, and such compromise shall not to derogate from our guarantee for the entire Guaranteed Amount. We undertake not to submit evidence of a debt to a receiver, trustee, etc., without the prior written approval of the Bank which shall not be unreasonably withheld. Notwithstanding the foregoing, we may submit to the receiver, trustee, etc., proof of a debt or claims of a debt or claims of a similar nature), only if it is emphasized that such claims are subordinate and junior to the rights of the Bank at the time of the receivership or dissolution.

 

 2 

 

 

UNCONDITIONAL GUARANTEE 8. The Bank is not bound to accept any additional collateral or guarantee from Customer in respect of the payment of the Said Sums. If it was known to us at the time of or prior to our signing this Guarantee that the Bank was about to obtain other collateral from the Customer or further guarantees, including any instance in which names of additional guarantors were to be supplemented to this Guarantee and the Bank shall not have received such additional collateral and/or the additional guarantors shall not have signed any other guarantee, the validity of this Guarantee shall not thereby be derogated from and we shall perform all our obligations hereunder.
     
PRESERVATION OF GUARANTEE 9. The Bank may from time to time, whether with or without our consent and with or without any notice to us:

  (a) Discontinue, vary, decrease, increase, or renew any Credit to the Customer;
  (b) extend the time for payment or grant other similar accommodations to the Customer and/or to any other person and/or to the Guarantor or to any one of us;
  (c) exchange, renew, modify, release, terminate, enforce or refrain from enforcing any collaterals or guarantees held or which shall be held by the Bank, whether obtained from the Customer and/or from other persons and/or from the Guarantors and/or from any one or more of us;
  (d) compromise, waive, release or make any other arrangement with the Customer and/or with any other person and/or with the Guarantors and/or with any one of us, of his obligations;
  (e) procure the non-discharge of any indebtedness incurred by the Customer in respect of the granting of the Credit, or procure the release of any collateral given in connection with the granting of the Credit;
  (f) refrain from notifying us of the non-performance of any obligations whatsoever by the Customer and/or postpone or suspend the submission of demands against us hereunder, without the same being deemed to constitute a precedent, waiver, limitation of action or negligence on the part of the Bank.

 

  Upon the occurrence of any of the aforesaid events, even if as a consequence thereof a loss shall be incurred by the Bank, this Guarantee shall remain fully valid and effective and shall not be affected or altered or reduced as to the amount thereof and all our obligations shall remain unaffected and shall not be reduced. In order to avoid all doubt, it is hereby stipulated that if the Bank perform any of the aforesaid acts, we shall not be entitled to any right of option, right of cancellation or any other right stipulated in the Guarantee Law, 5727-1967, in respect of the said acts and we hereby expressly waive all our said rights thereunder.

 

WAIVER OF DEFENCE CLAIMS

10.

This Guarantee shall not be derogated from, reduced or altered and shall remain valid and effective:

  (a) in the event that the Customer’s indebtedness to the Bank is impaired or invalid for any reason whatsoever including, inter alia, by reason of the capacity or representation of the Customer;
  (b) in the event that the Bank’s right to claim the payment of the Guaranteed Amount from the Customer has terminated due to prescription;
  (c) in the event that the Customer denies his liability towards the Bank or in the event that the Customer has or raises any claims against the Bank.
  (d) In the event that the Customer is a corporation that has passed a resolution to merge with another corporation, whether as an absorbing company or as a target company, as defined in the Companies Law, 5759-1999.

 

    In each of the aforesaid instances, the abovementioned indebtedness shall, for the purposes of this Guarantee, be deemed to be valid, unimpaired, fully effective, non-appealable and unable to be responded to for the purposes of this Guarantee and we hereby declare that we shall not raise any claim against the Bank and that all our obligations pursuant to this Guarantee shall remain fully effective and we hereby waive, in advance, any rights or claims that the Guarantee Law, 5727-1967, confers or allows in such circumstances.
     
PRESERVATION OF OBLIGATIONS 11. In the event that we or any one of us or the Customer is a legal entity, whether incorporated or unincorporated, or a trustee, executor or administrator, or joint account holder at the Bank, or any type of organization or entity constituting an affiliation of entities, our obligations hereunder shall not be derogated from by reason of any change in our name, constitution or composition or in that of the Customer.
     
CONSIDERATION 12. Without deeming consideration to be a precondition to the validity of this Guarantee in whole or in part, we hereby confirm that the Bank’s consent to advance Credit from time to time to the Customer or any party constituting the Customer shall be deemed to be full consideration for our obligations hereunder, in whole or in part.

 

 3 

 

 

COLLATERAL 13. All present and future collateral and guarantees for our obligations held or to be held by the Bank including those stipulated hereunder, shall constitute collateral for the performance of all our obligations hereunder: The bills of our customers or other parties, or securities or other negotiable instruments as shall be held by the Bank from time to time. Such bills, securities or other negotiable instruments shall be deemed to be pledged and charged to the Bank from the moment of their delivery to the Bank as collateral. We hereby exempt the Bank from all obligations as holder of a bill, such as, presentation for acceptance or for payment, protest and notice of dishonor and the signatures, endorsements and guarantees on bills and any other negotiable instruments shall remain valid until their discharge, without any formal requirements whatsoever having to be met and we hereby waive the right to raise the defense of prescription.
     
BANKER’S LIEN PLEDGE AND SET-OFF 14.

Without prejudice to any other right of the Bank, the Bank shall have a right of pledge, charge, possession, bankers’ lien and set-off on all amounts that are or shall be held by the Bank at any time to our credit in a current or any other account whatsoever, whether held jointly or severally, whether with another or others and/or with respect to any and all assets (including, without derogation from the generality thereof, diamonds, gold, securities, bills, coins, banknote, goods, documents relating to goods, insurance policies, assignments of debts, any negotiable instruments, deposits, collateral, mortgages and other rights) that are and/or shall be held and/or credited to or on our behalf at the Bank, in any form or manner whatsoever, including those that have been or shall be delivered to the Bank for collection and/or as security and/or for custody and/or in any other manner whatsoever and on the proceeds thereof. The Bank shall be entitled at any time and from time to time to utilize any asset to which the said lien, pledge, charge or set-off shall apply, in any way or manner, including by realization, collection and sale, at any price and in accordance with any terms as the Bank shall deem proper, and from time to time, to utilize the proceeds (in part or fully) that shall be received as a result of or in relation to such realization and/or collection or sale for the partial and/or full repayment of the Said Sums. At any time that we shall owe, or might owe, or only conditionally owe the Bank any monies pursuant to this Guarantee, the Bank shall be entitled to utilize its rights to fully realize the said pledge, charge, possession, lien and set-off or any of them, in order to discharge the amounts that are or shall be owed by us to the Bank or as security for their repayment. We do not have and shall not have any claim or plea of any type whatsoever against the Bank for taking any action stipulated in this Clause. In order to effect any of the said actions, the Bank shall be entitled to take all legal and other proceedings as it shall deem necessary.

 

All costs related to the realization and/or sale and/or taking any legal proceedings both against Customer and us, shall be borne by us, and the Bank shall be entitled to debit our account accordingly. In every instance of the collection of bills, the Bank shall be entitled to negotiate and discount the bills to other persons in a reasonable amount, take all legal and other proceedings for the collection of the bills, debit our account with the collection charges, compromise with the makers, endorsers or guarantors thereof or grant any reasonable concessions whatsoever, accept partial payment and from time to time, apply the proceeds of the bills in full or partial payment of the Said Sums.

     
DEBITING AND CREDITING OF PAYMENTS 15.

The Bank may at any time at its reasonable discretion:

 

(a)          Debit any account in our name with any amount owing now or hereafter to the Bank pursuant to this Guarantee.

(b)          Credit any amount paid by us or on our account in any manner and form to such account as the Bank shall deem proper.

(c)          Transfer any amount standing to our credit in any account in our name to any other account maintained in our name.

(d)          Credit any amount received from the Customer or on his behalf or on account thereof or upon the realization of any collateral held by the Bank to such account as the Bank shall deem proper.

     
CONTINUING GUARANTEE 16. This Guarantee shall be continuing and revolving security and shall continue to be effective notwithstanding any settlement of accounts with the Customer and shall bind us and our assigns (which expression shall be interpreted as including guardians, custodians, heirs, administrators and executors of wills, trustees, receivers, liquidators and successors and any party acting in their stead) until the expiration of thirty (30) days from the day on which the Bank, through the branch at which we executed the present Guarantee, receives written notice from us of the termination of the Guarantee. The said notice shall not derogate from our Guarantee and our liability for the debts, transactions and obligations that the Customer has effected or undertook to effect prior to the termination of the said period of 30 (Thirty) days, even though their maturity dates may occur after the expiration of the said period.
     
SUBORDINATIOM OF INDEBTEDNESS OF CUSTOMER 17. We hereby agree that any indebtedness of the Customer, now or in the future owed to us and outstanding at the time of enforcement of, or collection under, this Guarantee, is hereby subordinated to the Said Sums. If the Bank so request, any such indebtedness shall be collected, enforced and received by the Guarantor as trustee for the Bank, and shall be paid over to the Bank in kind on account of the Said Sums, provided that the Bank is then entitled to collect an amount equal to, or greater than, such indebtedness from the Customer pursuant to any agreement and/or Credit provided by Bank to Customer.

 

 4 

 

 

SUBROGATION 18. We hereby agree that, until the payment and satisfaction in full of all of the Said Sums, we shall not exercise any right, remedy, power or privilege, such as any right of subrogation, contribution or indemnity or related remedy, power or privilege, arising to us (whether by contract or operation of law) against the Customer in respect of all or any part of the Said Sums or any collateral for all or any part of the Said Sums by reason of any payment or other performance pursuant to the provisions of this Guarantee and, if any amount shall be paid to us on account of such rights, remedies, powers or privileges, we shall hold such amount in trust for the benefit of, and pay the same over to, the Bank, on account of the Said Sums. We understand that the exercise by the Bank of any right, remedy, power or privilege that it may have under any agreement with Customer and/or with us relative to all or any part of the Said Sums may affect or eliminate our right of subrogation or similar recovery against the Customer, any other guarantors or any collateral, and that we may therefore incur partially or totally non-reimbursable liability under this Guarantee. Nevertheless, we hereby authorize and empower the Bank to exercise, in its sole discretion, any combination of such rights, remedies, powers and privileges, provided however, that such exercise of rights is in accordance with the terms of its agreements with Customer or with us.
     
CONDITIONAL RELEASE 19. In the event that our obligation to the Bank pursuant to this Guarantee is for any reason whatsoever revoked or terminated or the Bank shall confirm that our obligation as herein stipulated has terminated, we hereby agree that in any event of the Bank being ordered by any court to repay to any person or body whatsoever any amount whatsoever paid to the Bank in discharge of the Said Sums or on account thereof (whether such amount was paid to the Bank by mistake or in fraudulent preference or for any other reason whatsoever) we hereby undertake to compensate and indemnify the Bank in respect of any sum which the Bank is ordered to pay and/or incurs in relation thereto, with the addition of all the expenses and payments incurred with respect thereto and with the addition of interest accrued on such sums, charged at the highest rate of interest then prevailing, until we fully repay all the amounts stipulated in this paragraph to the Bank.
     
AUTONOMOUS NATURE OF COLLATERAL 20.

This Guarantee shall be deemed to be autonomous of any other collateral or guarantees and shall not be prejudiced or affected by any such other collateral or by reason of the Bank receiving impaired or invalid collateral or guarantees.

We hereby waive any right to receive by way of transfer to us or to participate in any other collateral which the Bank holds in respect of the repayment of the Said Sums and we shall not perform any act with the purpose of obtaining any rights in the said collateral, notwithstanding payment by us of the full Guaranteed Amount.

     
INDEMNITY 21. In addition to our guarantee provided herein, the present document shall constitute an undertaking of indemnity and we hereby undertake to indemnify the Bank, within the limits of the Guaranteed Amount, for any damages, costs and losses caused to the Bank in any action or legal proceeding brought by third parties, with the exclusion of lost-profit damages only, as result of granting credit to the Customer, subject to the relevant conditions stipulated herein.
     
BANK ENTRIES 22.

All entries recorded in the books of the Bank shall be deemed to be accurate and shall serve as sufficient evidence against us with respect to all their details, regarding all the accounts of the Customer unless disputed by Customer within thirty (30) days of entry being provided to Customer. Copies of such entries and/or, at the discretion of the Bank, every item in such entry or such page or in separate document or any part of such entry or the last page of the said entry or any part thereof that shall be approved by an officer of the Bank, shall serve as sufficient evidence as to the existence of such entry and as to the accuracy of the details appearing thereon.

 

The term “the books of the Bank” shall be deemed to also include any book, ledger, statement, copy of statement, loan agreement, deed of undertaking, bill signed by the Customer, index card, page, roll or any other means or by electronic data storage and computerization and other means of data storage.

 

The term “entry” shall be deemed to also include any entry or copy of an entry whether written or copied by hand or typewriter or whether recorded by printing, stenciling, duplicating, photostating (including microfilming) or any other mechanical, electrical or electronic means or by electronic computer recording means or any other means of recording or presenting words or presenting words or number or any other symbols whatsoever which exist and/or are utilized at the Bank.

 

For avoidance of doubt, in no event shall the Bank provide us with any books and records with respect to Customer if doing so is prohibited by any applicable law or regulation.

     
TAX GROSS UP AND SETOFF 23. We shall make all payments to be made by us under this Guarantee without any deduction or withholding for or on account of any tax (together, a “Tax Withholding”) unless a Tax Withholding is required by law. We shall promptly upon becoming aware that we must make a Tax Withholding (or that there is any change in the rate or the basis of a Tax Withholding) notify the Bank accordingly. If a Tax Withholding is required by law to be made by us, the amount of the payment due from us shall be increased to an amount which (after making any Tax Withholding) leaves an amount equal to the payment which would have been due if no Tax Withholding had been required. If we are required to make a Tax Withholding, we shall make that Tax Withholding and any payment required in connection with that Tax Withholding within the time allowed and in the minimum amount required by law. Within 30 days of making either a Tax Withholding or any payment required in connection with that Tax Withholding, we shall deliver to the Bank evidence satisfactory to the Bank that the Tax Withholding has been made or (as applicable) any appropriate payment has been paid to the relevant taxing authority. All payments made by us to the Bank under this Guarantee shall (save insofar as required by law to the contrary) be paid in full without set-off or counterclaim.

 

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TECHNICAL CHANGES 24. For the avoidance of any doubt and for the purposes of clarification, it is hereby stated that: in the event that for any bureaucratic, administrative or technical reasons, a change shall occur in the number of any account (as such account is included in the definition of “Credit” in this document) or the account is transferred to another branch of the Bank, all the provisions of this Guarantee shall be deemed to relate to the said account pursuant to the new number so given or at the other branch to which the account has been transferred, even in the event that it shall be stated in this document that our Guarantee relates to Credit which the Customer has received in a particular account or at a particular branch.
     
ASSIGNMENT OF RIGHTS 25. This Guarantee may be assigned by the Bank without the need to obtain our prior consent.
     
MUTUALLY DEPENDENT, JOINT AND SEVERAL LIABILITY 26. In the event that the Customer shall have a number of Guarantors, the liability hereunder shall be mutually dependent, jointly and severally, and the Bank shall at its sole discretion, be entitled to collect from any one or more of the Guarantors, the full Guaranteed Amount or any part thereof. The liability of each one of the Guarantors shall not be affected by reason of any of the other Guarantors not having the capacity to be bound as Guarantors, or as a consequence of the Bank releasing them from their liability or returning to them the collateral that they delivered to the Bank.
     
STATUTE OF LIMITATIONS 27. We hereby waive all our rights to plead prescription under any law in force at such time in all matters relating to this Guarantee and we hereby agree that the fact that the Bank does not immediately exercise its rights hereunder or in connection herewith in any given event shall not be deemed a waiver of such rights, nor a consent or acknowledgment by the Bank, nor shall it be deemed to create any precedent and the Bank shall be entitled to exercise the rights deriving from this document and/or in connection herewith and/or the law at such time as it may deem fit.
     
RATIFICATION 28. We hereby undertake to sign all such documents and forms as the Bank may require, if and insofar as under any or some of the laws of the State of Israel, our signing of any such document or form is or shall be deemed to be required, at the Bank’s sole discretion, in order to make the present document fully valid and effective. In compliance with the provisions of this Clause, we hereby appoint the Bank as our principal attorney, either itself or through such person to whom the Bank may delegate its powers, to sign all such documents and forms as may be requested by the Bank, and the Bank or any party acting on its behalf shall in no way be liable to us in respect of any act or omission whatsoever made thereby under or by virtue of this Clause. The said appointment shall be irrevocable as the rights of the Bank are dependent thereon and full consideration has been given by the Bank therefor by the Bank advancing the Credit to the Customer.
     
NOTICES 29. Any notice, demand, request, consent, approval, declaration, or other communication hereunder shall be deemed to have, been duly given or served on the date on which personally delivered, or - if mailed to us by the Bank through the post by registered or ordinary mail to the addresses set out below or to such other address in Israel of which we shall notify the Bank in writing shall be deemed to have been duly received by the addressee five (5) business days after the date of delivery of the letter for dispatch. A written statement by the Bank shall constitute sufficient proof of the time and posting of the notice.
     
STAMPING AND EXPENSES 30. Stamp duty payable in respect of this Guarantee and all such other expenses as relate to the enforcement hereof or the realization of any collateral delivered in connection herewith, including the Bank’s advocate’s fees, shall be borne by us and secured by this Guarantee.
     
WAIVER OF PRIOR NOTICE 31. We hereby waive the need for dispatching any notarial or other warnings in all matters in connection with this Guarantee.
     
GOVERNING LAW AND JURISDICTION 32. The laws of the State of Israel shall govern this Guarantee and we hereby agree that the city of Tel Aviv-Jaffa, State of Israel, shall be the place of jurisdiction for the purposes of this Guarantee, provided that the Bank shall be entitled to institute proceedings against us in any such other competent court as it may deem fit.
     
MARGINAL NOTES 33. The marginal notes in this Guarantee have been inserted for ease of reference only and shall not be utilized as a means of interpreting the intentions of the parties or the interpretation of this Guarantee.

 

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ADDENDA 34. SPECIAL CONDITIONS:  
     
     
     

 

IN WITNESS WHEREOF THE PARTIES HERETO HAVE HEREUNTO EXECUTED THIS GUARANTEE ON THIS

19th DAY OF July 2017

 

NAME OF GUARANTORS

 

Date   Name of Guarantor   Address (in Israel
only)
  Company/Id. No.   Signature
               
19.7.17   Itamar Medical Inc.           /s/ Itamar Medical Inc.
               

 

VERIFICATION OF GUARANTORS SIGNATURES

 

I, the undersigned, hereby verify that the Guarantor/s whose names appear hereunder, have signed before me on the dates stipulated above next to their names/signatures on this Guarantee and have been identified by me in accordance with an identification document and I have explained to them the contents and significance of this Guarantee after they have confirmed to me that they have read it.

 

Name of Guarantor*   Bank Officer’s
Full Name
  Position   Bank Officer’s Signature   Date of Bank
Officer of
Signature
                 
Itamar Medical Inc.   Moran Aviv       /s/ Moran Aviv   19.7.17
                 

 

*First and Surname/Corporate Name (In case of corporate Guarantor - in addition, the name of the authorized signatory signing on behalf of the Corporation must be completed

 

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Execution Copy

 

UNLIMITED SECURITY AGREEMENT

 

THIS SECURITY AGREEMENT (“Security Agreement”) is made and entered into as of the 19th day of July, 2017 (the “Execution Date”) by and between Itamar Medical Inc., a Delaware Corporation, from _________________________________ USA (“Guarantor”), and Mizrahi Tefahot Bank Ltd., Israel (the “Bank”).

 

WHEREAS Itamar Medical Ltd., the parent company of Guarantor (“Affiliated Company”) has, or may have, obtained in the past, pursuant to previous agreements and transactions with the Bank, and intends to obtain - in the future - additional credit lines, loans, banking facilities, credit and other miscellaneous banking services from the Bank (hereinafter jointly and severally referred to as the “Banking Service(s)”) on such terms as have been and/or are in future from time to time agreed in respect of each Banking Service; and

 

WHEREAS in order to induce the Bank to provide the Banking Services to the Affiliated Company, and in consideration of the Bank’s agreement to extend such Banking Services to the Affiliated Company, it has been agreed between the Guarantor and the Bank that the Guarantor will guarantee all of the Affiliated Company’s debts and liabilities to the Bank of any kind whatsoever related to the Banking Services, whether in Israeli currency, in United States Dollars, or in any other currency whatsoever, all as set forth in the Guarantee Agreement entered into between the parties hereto, dated July 19th, 2017 (the “Guarantee Agreement”), and will secure all of its undertakings and obligations, all as set out in this Security Agreement below;

 

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

 

1. Defined Terms. The following terms shall have the following meanings (such meanings being equally applicable to both the singular and plural forms of the terms defined):

 

Accounts” shall mean any “account,” as such term is defined in section 9-102(a)(2) of the UCC, now owned or hereafter acquired by the Guarantor and, in any event, shall include, without limitation, all accounts receivable, book debts, and other forms of obligations now owned or hereafter received or acquired by or belonging or owing to the Guarantor (including, without limitation, under any trade names, styles, or divisions thereof) whether arising out of goods sold or services rendered by the Guarantor or from any other transaction, whether or not the same involves the sale of goods or services by the Guarantor (including, without limitation, any such obligation that might be characterized as an account or contract right under the UCC) and all of the Guarantor’s rights in, to, and under all purchase orders or receipts now owned or hereafter acquired by it for goods or services, and all of the Guarantor’s rights to any goods represented by any of the foregoing (including, without limitation, unpaid seller’s rights of rescission, replevin, reclamation, and stoppage in transit, and rights to returned, reclaimed, or repossessed goods), and all moneys due or to become due to the Guarantor under all contracts for the sale of goods or the performance of services or both by the Guarantor (whether or not yet earned by performance on the part of the Guarantor or in connection with any other transaction), now in existence or hereafter occurring, including, without limitation, the right to receive the proceeds of such purchase orders and contracts, and all collateral security and guaranties of any kind given by any person or entity with respect to any of the foregoing.

 

 

 

 

Chattel Paper” shall mean any “chattel paper,” as such term is defined in section 9-102(a)(11) of the UCC, now owned or hereafter acquired by the Guarantor.

 

Collateral” shall have the meaning assigned to such term in Section 5 of this Security Agreement.

 

Contracts” shall mean all contracts, undertakings, or other agreements (other than rights evidenced by Chattel Paper, Documents, or Instruments) under which the Guarantor may now or hereafter have any right, title or interest, including, without limitation, with respect to an Account, any agreement relating to the terms of payment or the terms of performance thereof.

 

Copyrights” shall mean all of the following now or hereafter acquired by the Guarantor: (i) all copyrights, registrations, and applications therefor; (ii) all renewals and extensions thereof; (iii) all income, royalties, damages, and payments now and hereafter due or payable or both with respect thereto, including, without limitation, damages and payments for past or future infringements or misappropriations thereof; (iv) all rights to sue for past, present, and future infringements or misappropriations thereof; and (v) all other rights corresponding thereto throughout the world.

 

Deposit Accounts” shall mean any “deposit account” as such term is defined in section 9-102(a)(29) of the UCC, now owned or hereafter acquired by the Guarantor.

 

Documents” shall mean any “documents,” as such term is defined in section 9-102(a)(30) of the UCC, now owned or hereafter acquired by the Guarantor.

 

Equipment” shall mean any “equipment,” as such term is defined in section 9-102(a)(33) of the UCC, now owned or hereafter acquired by the Guarantor and, in any event, shall include, without limitation, all machinery, equipment, furnishings, fixtures, vehicles, computers, and other electronic data-processing and other office equipment now owned or hereafter acquired by the Guarantor and any and all additions, substitutions, and replacements of any of the foregoing, wherever located, together with all attachments, components, parts, equipment, and accessories installed thereon or affixed thereto.

 

Event of Default” shall mean any Event of Default as defined in Section 10 herein.

 

General Intangibles” shall mean any “general intangibles,” as such term is defined in section 9-102(a)(42) of the UCC, now owned or hereafter acquired by the Guarantor and, in any event, shall include, without limitation, all right, title, and interest that the Guarantor may now or hereafter have in or under any Contract, all customer lists, Copyrights, Trademarks, Patents, rights in intellectual property, Licenses, permits, Trade Secrets, proprietary or confidential information, inventions (whether patented or patentable or not), technical information, procedures, designs, knowledge, know-how, software, data bases, data, skill, expertise, experience, processes, models, drawings, materials, and records now owned or hereafter acquired by the Guarantor, goodwill, and rights of indemnification.

 

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Hereby,” “herein,” “hereof,” “hereunder” and words of similar import refer to this Security Agreement as a whole (including, without limitation, any schedules hereto) and not merely to the specific section, paragraph, or clause in which the respective word appears.

 

Instruments” shall mean any “instrument,” as such term is defined in section 9-102(a)(47) of the UCC, now owned or hereafter acquired by the Guarantor, other than instruments that constitute, or are a part of a group of writings that constitute, Chattel Paper.

 

Intellectual Property” shall mean all of the Copyrights, Licenses, Patents, Trademarks, and Trade Secrets of Guarantor.

 

Inventory” shall mean all “inventory,” as such term is defined in section 9-102(a)(48) of the UCC, now owned or hereafter acquired by the Guarantor and, in any event, shall include, without limitation, all inventory, merchandise, goods, and other personal property now owned or hereafter acquired by the Guarantor which are held for sale or lease or are furnished or are to be furnished under a contract of service or which constitute raw materials, work in process, or materials used or consumed or to be used or consumed in the Guarantor’s business, or the processing, packaging, delivery, or shipping of the same, and all finished goods.

 

Investment Property” means (i) a security, whether certificated or uncertificated, (ii) a security entitlement, (iii) a securities account, (iv) a commodities contract, or (v) a commodities account, all as defined in Article 9 of the UCC.

 

License” shall mean any Patent License, Trademark License, or other license as to which the Bank has been granted a security interest hereunder.

 

Liens” shall mean, with respect to any asset, (a) any mortgage, deed of trust, lien, pledge, hypothecation, encumbrance, charge or security interest in, on or of such asset, (b) the interest of a vendor or a lessor under any conditional sale agreement, capital lease or title retention agreement (or any financing lease having substantially the same economic effect as any of the foregoing) relating to such asset and (c) in the case of securities, any purchase option, call or similar right of a third party with respect to such securities.

 

Patent License” shall mean any written agreement granting any right to practice any invention on which a Patent is in existence, now owned or hereafter acquired by the Guarantor.

 

Patents” shall mean all of the following now or hereafter acquired by the Guarantor: (i) all patents and patent applications throughout the world, whether arising under U.S. federal law, state law, common law or the law of any other jurisdiction; (ii) all inventions and improvements described and claimed therein; (iii) all reissues, divisions, continuations, renewals, extensions, and continuations-in-part thereof; (iv) all income, royalties, damages and payments now and hereafter due and/or payable to the Guarantor with respect thereto, including, without limitation, damages and payments for past, present or future infringements or misappropriations thereof; (v) all rights to sue for past, present, and future infringements or misappropriations thereof; and (vi) all other rights corresponding thereto throughout the world.

 

 3 

 

 

Proceeds” shall mean “proceeds,” as such term is defined in section 9-102(a)(64) of the UCC and, in any event, shall include, without limitation, (i) any and all proceeds of any insurance, indemnity, warranty or guaranty payable to the Guarantor from time to time with respect to any of the Collateral; (ii) any and all payments (in any form whatsoever) made or due and payable to the Guarantor from time to time in connection with any requisition, confiscation, condemnation, seizure, or forfeiture of all or any part of the Collateral by any governmental body, authority, bureau, or agency (or any person acting under color of governmental authority); and (iii) any and all other amounts from time to time paid or payable under or in connection with any of the Collateral.

 

Secured Sums” shall have the meaning defined in Section 2 herein.

 

Security Agreement” shall mean this Security Agreement, as the same may from time to time be amended, modified, or supplemented pursuant to Section 19 of this Security Agreement, and shall refer to this Security Agreement as in effect on the date such reference becomes operative.

 

Trade Secrets” shall mean trade secrets, along with any and all (i) income, royalties, damages, and payments now and hereafter due and/or payable to the Guarantor with respect thereto, including, without limitation, damages and payments for past or future infringements or misappropriations thereof; (ii) rights to sue for past, present, and future infringements or misappropriations thereof; and (iii) all other rights corresponding thereto throughout the world.

 

Trademark License” shall mean any written agreement granting any right to use any Trademark or Trademark registration, now owned or hereafter acquired by the Guarantor.

 

Trademarks” shall mean all of the following now owned or hereafter acquired by the Guarantor: (i) all trademarks (including service marks and trade names, whether registered or at common law), registrations and applications therefor, and the entire product lines and goodwill of the Guarantor’s business connected therewith and symbolized thereby; (ii) all renewals thereof; (iii) all income, royalties, damages, and payments now and hereafter due or payable or both with respect thereto, including, without limitation, damages and payments for past, present, or future infringements or misappropriations thereof; (iv) all rights to sue for past, present, and future infringements or misappropriations thereof; and (v) all other rights corresponding thereto throughout the world.

 

UCC” shall mean the Uniform Commercial Code as the same may, from time to time, be in effect in the State of Delaware; provided, however, in the event that, by reason of mandatory provisions of law, any or all of the attachment, perfection or priority of security interest in any Collateral is governed by the Uniform Commercial Code as in effect in a jurisdiction other than the State of Delaware the term “UCC” shall mean the Uniform Commercial Code as in effect in such other jurisdiction for purposes of the provisions hereof relating to such attachment, perfection, or priority and for purposes of definitions related to such provisions.

 

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2. Secured Obligations. This Unlimited Security Agreement has been executed to secure the full and punctual payment of all the amounts, whether in New Israeli Shekels, in United States Dollars or in any foreign currency, now and in future due to the Bank from the Guarantor and/or from the Affiliated Company, in any manner or way and for any reason, whether or not the amounts are due from the Affiliated Company in connection with the provision of the Banking Services, whether due from the Affiliated Company alone or together with others, whether the Affiliated Company has already become liable for them or becomes liable for them in the future, as debtor and/or guarantor and/or otherwise (including the Affiliated Company’s liability in accordance with bills that have been or are in the future delivered to the Bank either by the Affiliated Company or by third parties for discounting or as security and/or pursuant to any other liability of the Affiliated Company to the Bank), that are now and/or in future due, payable prior to or after realization of the collateral hereby given, absolutely or contingently due, pursuant to the Affiliated Company’s original obligation or formulated in a court judgment or otherwise, in an unlimited amount, plus any and all accrued interest, commissions and all expenses whatsoever, including the costs of realization, advocates’ professional fees, insurance fees and other payments pursuant to this Security Agreement, with the addition of any sums of any type now or in the future due from the Affiliated Company to the Bank in any way in respect or as a result of linkage to any index or rate of exchange, including, without limitation, any such linked principal and linked interest (all the foregoing amounts being hereinafter referred to as the “Secured Sums”).

 

3. Realization of Collateral. Upon the following, the Bank shall be entitled to exercise all rights and remedies of a secured party under the UCC, and may collect, receive, appropriate, and realize upon the Collateral, or any part thereof, and/or may forthwith sell, lease, assign, give an option or options to purchase, or sell or otherwise dispose of and deliver such Collateral (or contract to do so), or any part thereof, and all such proceeds shall be used to pay the Bank all of the Secured Sums:

 

(a) on the due date of the Secured Sums (or any part thereof), if it has been agreed between the Bank and the Affiliated Company that the particular amount is payable on a particular date (giving effect to any grace periods as agreed between the Bank and the Affiliated Company or the Guarantor in writing), and the Affiliated Company has not paid such Secured Sums;

 

(b) at the end of ten (10) days from the date of receipt by Guarantor of the Bank’s first written demand to the Guarantor, if a due date has not been agreed as provided in paragraph (a) above, if such Secured Sums have not been paid by Affiliated Company;

 

(c) the occurrence of an Event of Default.

 

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4. Interest.

 

(a) The Bank shall compute interest on the Secured Sums at such rate as has been or is in future from time to time agreed between it and the Affiliated Company. In cases in which the interest rate has not been agreed, the Bank may fix the interest rate for any part of the Secured Sums for which the Affiliated Company and Bank have not agreed on an interest rate, and give notice thereof to the Affiliated Company in accordance with interest rates customary at the Bank at such time. The Affiliated Company and/or Guarantor shall be charged such interest rates as aforesaid and the Bank may add them to principal at the end of each quarter or at the end of any other period, as determined by it.

 

(b) In an event of default in payment of all or any of the Secured Sums, they shall bear default interest at the rate agreed upon in the agreement for the provision of the Banking Services. In the absence of a provision with regard to default interest in those agreements, the Secured Sums shall bear interest at the maximum rate prevailing at the Bank in respect of unauthorized withdrawals and defaults on an approved overdraft account, but not less than 2% (two percent) more than the interest rate fixed in the agreement for the provision of any Banking Service.

 

(c) In the event that the Bank becomes entitled to realize the Collateral under this Security Agreement it may increase the interest rates of the Secured Sums, commencing at such time when the Bank becomes entitled to realize the Collateral to the maximum rate prevailing at the Bank in respect of unauthorized withdrawals and defaults on an approved overdraft account.

 

5. Grant of Security Interest.

 

(a)As collateral security for the punctual and full payment and performance when due (whether at stated maturity, by acceleration, or otherwise) of all the Secured Sums, and to induce the Bank to provide the Banking Services to the Affiliated Company, the Guarantor hereby grants to the Bank, a first priority lien on, and security interest in, to, and under the following property, now owned or hereafter acquired by the Guarantor (all of which being hereinafter collectively called the “Collateral”):

 

(i)all Accounts, including, without limitation, all accounts receivable set forth in Schedule A attached hereto;

 

(ii)all Chattel Paper;

 

(iii)all Contracts;

 

(iv)all Copyrights;

 

(v)all Deposit Accounts other than the Deposit Accounts identified on Schedule I attached hereto;

 

(vi)all Documents;

 

(vii)all Equipment;

 

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(viii)all General Intangibles;

 

(ix)all Instruments;

 

(x)all Inventory;

 

(xi)all Investment Property;

 

(xii)all Patents;

 

(xiii)all Patent Licenses;

 

(xiv)all Trademarks;

 

(xv)all Trade Secrets;

 

(xvi)all Trademark Licenses;

 

(xvii)the Company’s goodwill, as currently and at any time in future existing;

 

(xviii)all other goods and personal property of the Guarantor whether tangible or intangible or whether now owned or hereafter acquired by the Guarantor and wherever located; and

 

(xix)to the extent not otherwise included, all Proceeds of each of the foregoing and all accessions to, substitutions, and replacements for, and rents, profits and linkage thereon, and products of each of the foregoing.

 

(xx)any and all Intellectual Property owned or that shall be owned by the Guarantor, or to which it is or shall be entitled or that it possesses or shall possess any proprietary or other rights thereto, by virtue of any law, agreement or any other source whatsoever, including without limitation all Intellectual Property listed in Schedule B, including but not limited to all information or materials in any shape or form, relating to research, development, specifications, formulas, algorithms, prototypes, computer programs, records, data, designs, concepts, ideas, methods, techniques, processes, samples, trade secrets, analyses, materials, patents, pending patent applications, registered trademarks, pending trademark applications, and applications for registration, other data and information, as well as any improvements and derivatives thereof; and any and all Proceeds of the foregoing and all accessions to, substitutions, and replacements for, and rents, profits, and products of the foregoing.

 

The Guarantor hereby confirms that the list attached hereto as Schedule B, constitutes all of the Guarantor’s Intellectual Property, including all patents, pending patent applications, registered trademarks, pending trademark applications, and applications for registration, to this date.

 

 7 

 

 

(b)The Guarantor agrees to deliver promptly or cause to be delivered to the Bank all Pledged Shares, and any and all certificates or other instruments or documents representing any of the Collateral (together with any necessary endorsement). All Pledged Shares delivered to the Bank shall be accompanied by undated stock powers duly executed in blank (in form as attached in Schedule C) or other instruments of transfer satisfactory to the Bank and by such other instruments and documents as the Bank may reasonably request. Such stock powers and other documents and instruments shall be held by the Bank in escrow and may be executed by the Bank - at its sole and absolute discretion - only upon the occurrence of an Event of Default.

 

(c)Upon signing this Agreement, and each time Schedule A is updated, Guarantor shall execute and deliver to bank, in a form as attached hereto in Schedule D, a specific assignment of such accounts of borrower listed in Schedule A.

 

(d)The security interest that has been given to the Bank pursuant to this Security Agreement is of perpetual character notwithstanding settlement of all or any of the Affiliated Company’s accounts and it shall remain in force until this Security Agreement is terminated pursuant to the provisions of Section 14 below.

 

(e)Should the Bank have or in future be given collateral or guarantees for payment of the Secured Sums, all the collateral and guarantees shall be independent of each other.

 

(f)Should the Bank compromise with or grant forbearance or a concession to the Affiliated Company, or should the Bank alter the Affiliated Company’s obligations in connection with the Secured Sums or release or waive other collateral or guarantees, the same shall not alter the nature of the collateral created pursuant to this Security Agreement and all the collateral and obligations of the Guarantor pursuant to this Security Agreement shall remain in full force and effect in accordance with the terms of the Security Agreement.

 

(g)The Bank shall have rights of possession, lien and set-off over all the amounts, assets and rights, including securities, currency, gold, bank notes and documents for goods, insurance policies, bills, checks, obligations, deposits, collateral and the proceeds thereof, that are at the Bank at any time to or for the credit of the Guarantor, including those given for collection, security, safe keeping or otherwise. The Bank may withhold the said assets until full discharge of the Secured Sums or sell them and apply all of the proceeds of sale to the discharge of the Secured Sums, in accordance with the terms of this Security Agreement.

 

(h)The Bank may at any time charge any of Guarantor’s accounts held with it with any outstanding amount now or in future due to it from the Guarantor and apply the entire amount that it receives from or for the Guarantor to the credit of such amount as it deems fit, and transfer any amount standing to the Guarantor’s credit in any account with it to any other account with it as the Bank deems fit.

 

6. Rights of the Bank; Limitations on the Bank’s Obligations.

 

(a) The Bank shall have no obligation or liability under any contract by reason of or arising out of this Security Agreement or the granting to the Bank of a security interest therein or the receipt by the Bank of any payment relating to any contract pursuant hereto, nor shall the Bank be required or obligated in any manner to perform or fulfill any of the obligations of the Guarantor under or pursuant to any contract, or to make any payment, or to make any inquiry as to the nature or the sufficiency of any payment received by it or the sufficiency of any performance by any party under any contract, or to present or file any claim, or to take any action to collect or enforce any performance or the payment of any amounts which may have been assigned to it or to which it may be entitled at any time or times.

 

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(b) So long as no Event of Default shall have occurred, the Guarantor shall be entitled to exercise all voting rights pertaining to the Pledged Shares and to give consents, waivers and ratifications in respect thereof, provided however that the Guarantor shall not vote or give any consent, waiver, or ratification if the effect thereof would in the reasonable judgment of the Bank impair the stock secured or pledged hereby or be inconsistent with or result in any violation of the provisions of this Security Agreement, and Guarantor shall notify the Bank regarding any shareholder action that may impair the Bank’s rights under this Security Agreement and the Bank shall have the exclusive right to vote any and all of the Pledged Shares and to give consents, waivers and ratifications in respect thereof, and the Guarantor shall deliver to the Bank such proxies or other documents and instruments as the Bank may request to further effectuate the foregoing. After the occurrence and during the continuance of an Event of Default, the Bank shall have the exclusive right to vote any and all of the Pledged Shares and to give consents, waivers and ratifications in respect thereof, and the Guarantor shall deliver to the Bank such proxies or other documents and instruments as the Bank may request to further effectuate the foregoing. For these purposes, the Guarantor designates and appoints the Bank as the Guarantor’s agent and attorney-in-fact for purposes of executing such documents and instruments as the Bank may consider necessary or appropriate for purposes of implementing this Agreement. The foregoing designation and appointment is irrevocable and coupled with an interest.

 

(c) The Bank shall not be liable for failure to collect or realize upon the Collateral, or for any delay in so doing, nor shall it be under any obligation to take any action whatsoever with regard thereto. If an Event of Default has occurred and had not been cured during the applicable cure period, the Bank may thereafter, without notice, exercise all rights, privileges or options pertaining to any Pledged Shares and/ or to the Collateral as if it were the absolute owner thereof, upon such terms and conditions as it may determine, all without liability except to account for property actually received by it, but the Bank shall have no duty to exercise any of the aforesaid rights, privileges or options and shall not be responsible for any failure to do so or delay in so doing.

 

7. Representations and Warranties. The Guarantor hereby represents and warrants that:

 

(a) Except for the security interest granted to the Bank pursuant to this Security Agreement, the Guarantor is the sole owner of each item of the Collateral in which it purports to grant any interest hereunder, having good and marketable title and unlimited rights thereto, free and clear of any and all Liens, assignments, restrictions, and any current or future rights whatsoever.

 

(b) No effective security agreement, financing statement, equivalent security or lien instrument, or continuation statement covering all or any part of the Collateral is on file or of record in any public office, except such as may have been filed by the Guarantor in favor of the Bank pursuant to this Security Agreement.

 

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(c) The Affiliated Company is an Israeli Company. The Affiliated Company’s registered office is at 9 Halamish Street, P.O. Box 3579, Caesarea 3088900, Israel. Guarantor is a fully- held subsidiary of the Affiliated Company, on a fully diluted and as-converted basis.

 

(d) Guarantor’s exact legal name is as set forth in the preamble to this Agreement and Guarantor is not generally known by or using any fictitious or other name or trade name or style. Guarantor’s address is at 3290 Cumberland Club Drive, Suite 100, Atlanta, GA 30339, USA. Guarantor’s address in Israel, to which any and all documents could legally be delivered, is at _________________, Israel.

 

(e) There is no legal, contractual or other restraint or condition prohibiting the transfer, charge or pledge of the Collateral, or of any part thereof

 

(f) Guarantor is entitled to pledge or charge the Collateral pursuant to this Security Agreement.

 

(g) No assignment of right or other transaction has been made that derogates from the value of the Collateral as in effect on the date of this Security Agreement.

 

(h) Guarantor has received the necessary consents and/or waivers (if any) from its directors and stockholders pursuant to the certificate of incorporation and by-laws of Guarantor or the various investment agreements. A copy of the resolutions of the Guarantor’s board of directors and shareholders’ meetings approving the execution of this agreement and the grant of a security interest under the terms and conditions herein are attached hereto as Schedule E. No additional consents or waivers are necessary.

 

(i) Upon the appropriate UCC Financing Statements having been filed in the State of Delaware, this Security Agreement is effective to create and perfect a valid and continuing first priority charge on, and first priority perfected security interest in, the Collateral, with respect to which a security interest may be perfected by filing pursuant to the UCC, in favor of the Bank, prior to all other Liens, and is enforceable as such against creditors.

 

(j) Upon the appropriate filings and/or statements having been filed with the United States Patent and Trademark Office (“USPTO”) if and to the extent applicable, and upon the filings of the UCC Financing Statement in the state of [Delaware], this Security Agreement is effective to create and perfect a valid and continuing first priority security interest in, and/or floating charge on, the respective Intellectual Property that is pledged in favor of the Bank, if any, prior to all other Liens, and is enforceable as such against creditors. As of the date of Execution of this Agreement, the Guarantor hereby represents and warrants that it is not the owner of any Patents or Trademarks.

 

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(k) Upon entering into the Account Control Agreement, attached hereto as Schedule F, and upon the filings of the UCC Financing Statement in the state of Delaware, this Security Agreement is effective to create and perfect a valid and continuing , first priority security interest in, and/or floating charge on the Deposit Accounts in favor of the Bank, prior to all other Liens, and is enforceable as such against creditors, all subject to applicable bankruptcy, insolvency, reorganization or other similar laws generally affecting the enforcement of the rights of creditors and equitable principles (regardless of whether enforcement is sought in equity or at law).

 

(l) Except for the filing of Financing Statements under the UCC and the filing of this Agreement with the USPTO, if and to the extent applicable, and entering into the attached Account Control Agreement no authorization, approval or other action by, and no notice to or filing with, any governmental or regulatory authority, agency or office is required for the grant by the Guarantor or the effectiveness of the first priority security interest granted hereby or for the execution, delivery and performance of this Agreement by the Guarantor.

 

(m) The Guarantor is the owner and/or holds the rights of use under license or agreement, of all the intellectual property currently used for the purpose of its business; and

 

(n) The Guarantor is not currently in breach and there are no proceedings against it in connection with any breach of any intellectual property rights of any third party

 

8. Covenants. The Guarantor covenants and agrees with the Bank that from and after the date of this Security Agreement and until this Security Agreement is terminated pursuant to Section 14 below, unless compliance is waived by the Bank in writing:

 

(a) Guarantor shall properly preserve the Collateral. On the date hereof and as of the date of any future delivery of Collateral to the Bank and at all times until the security interests granted by this Agreement are terminated pursuant to Section 14 hereof: (A) the Guarantor shall maintain ownership of such Collateral, unless conveyed during the ordinary course of business, subject to no adverse claim (including any lien, encumbrance or claim of legal or beneficial ownership), except the lien and security interest in favor of the Bank; (B) the Guarantor shall provide that at all times it will have full power, authority and legal right to pledge the Collateral to the Bank hereunder, and no consent, approval or other authorization of any person or governmental authority is required (except those which have been obtained) in connection therewith; and (C) the lien of this Agreement constitutes and will constitute a first priority perfected security interest in the Collateral in favor of the Bank.

 

(b) Guarantor shall notify the Bank forthwith of the imposition of an attachment over the Collateral and/or any of it, and forthwith notify the attacher of the charge in favor of the Bank and at the Guarantor’s expense forthwith and without delay take all steps in order to remove the attachment. If the Guarantor does not take such steps as aforesaid the Bank may (but need not) take all steps to remove the attachment, and the Guarantor shall be liable immediately to pay the Bank all actual and reasonable expenses involved therein (including the professional fees of the Bank’s advocates);

 

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(c) Guarantor shall not create any other lien or charge over the Collateral or any of it, and shall not assign and/or license (other than a limited license or similar type of commercial agreement entered into in the ordinary course of business) any right that the Guarantor has in the Collateral without obtaining the Bank’s prior written consent which shall not be unreasonably withheld;

 

(d) The Guarantor shall not issue shares in aggregate constituting more than 10% of the issued share capital to any other shareholder, without the Bank’s prior written consent; provided, however, that any shares issued under such threshold shall not be superior to the Shares issued to the Affiliated Company, and shall only be of the classes of stock currently existing at the time of this Agreement.

 

(e) None of the tangible components of the Collateral shall be maintained at locations other than in the address as stated above or otherwise leased by Guarantor and/or by Affiliated Company. In the event that Guarantor, after the date hereof, intends to store or otherwise deliver any portion of the Collateral to a bailee, then Guarantor will first receive the written consent of the Bank, and such bailee must acknowledge in writing that the bailee is holding such Collateral for the benefit of the Bank, all inventory is in all material respects of good and marketable quality, free from material defects.

 

(f) Guarantor shall be responsible for the genuineness and accuracy of all signatures, endorsements and particulars on bills, documents and securities that have been and/or are in future given to the Bank by Guarantor as collateral;

 

(g) Guarantor shall pay on due date all the taxes, municipal rates, levies and other mandatory payments legally imposed over the Collateral and shall furnish the Bank, on demand, with all the receipts for such payments, and if the Guarantor does not duly make such payments, the Bank may make them at the Guarantor’s expense and charge it the payments, plus expenses and interest at the then maximum rate-prevailing at the Bank in respect of unauthorized withdrawals and defaults on an approved overdraft account. Those payments are secured by this Security Agreement;

 

(h) Guarantor shall keep books of account and permit the Bank or its representative at any time, upon a reasonable prior notification to Guarantor, during normal business hours and subject to customary non-disclosure restrictions, to examine the Guarantor’s books.

 

(i) Guarantor undertakes to assist the Bank or its representatives and to give them on demand balance sheets, documents and any information reasonably required by the Bank, including explanations in connection with the financial and operational state of the Guarantor, its subsidiaries, and/or its business;

 

(j) There shall be no material change to the business of the Guarantor or its subsidiaries (if any) without the Bank’s prior written consent.

 

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(k) At the sole expense of the Guarantor, the Guarantor will promptly, but no later than 15 days after the Execution Date to file a UCC-1 Financing Statement in substantially the form of Schedule G (the “UCC Financing Statement”) and any additional necessary and required financing statements under the UCC with respect to the Liens and security interests granted hereby. Guarantor will also promptly, following the request of the Bank, duly execute and deliver any and all such further instruments and documents and take such further action as the Bank may reasonably deem desirable to obtain the full benefits of this Security Agreement and of the rights and powers herein granted. The Guarantor shall file all necessary continuation statements from time to time under the applicable provisions of Article 9 of the UCC in order to maintain the perfection of the Collateral. The Guarantor also hereby authorizes the Bank to file any such financing statement or continuation statement (including a notice that any disposition of the Collateral, by either the Debtor or any other Person, shall be deemed to violate the rights of Lenders under the Code) without the signature of the Guarantor to the extent permitted by applicable law.

 

(l) At the sole expense of the Guarantor, the Guarantor will promptly, but no later than 30 days after the Execution Date, record a security interest with the USPTO, if and to the extent applicable, including, inter alia, file this Agreement and any additional necessary and required filings and/or statements with respect to the Liens and security interests granted hereby, with the USPTO. Guarantor will also promptly, following the request of the Bank, duly execute and deliver any and all such further instruments and documents and take such further action as the Bank may reasonably deem desirable to obtain the full benefits of this Security Agreement and of the rights and powers herein granted. The Guarantor also hereby authorizes the Bank to file any such documents without the signature of the Guarantor to the extent permitted by applicable law;

 

(m) The Guarantor will promptly, but no later than 3 business days from the Execution Date, enter into the attached Account Control Agreement;

 

(n) Guarantor undertakes not to enter into any account control agreement with respect to any of its existing or future Deposit Accounts, without the Bank’s prior written consent.

 

(o) In any suit, proceeding, or action brought against the Bank by a third party, relating to any part of the Collateral, the Guarantor will save, indemnify, and keep the Bank harmless from and against all expense, loss, or damage suffered by reason of any defense, setoff, counterclaim, recoupment, or reduction of liability whatsoever of the obligor thereunder, arising out of a breach by the Guarantor of any obligation thereunder or arising out of any other agreement, indebtedness, or liability at any time owing to, or in favor of, such obligor or its successors from the Guarantor, and all such obligations of the Guarantor shall be and remain enforceable against and only against the Guarantor and shall not be enforceable against the Bank;

 

(p) Guarantor will not create, permit, or suffer to exist, any Lien on the Collateral, will defend the Collateral against, and take such other action as is necessary to remove any unauthorized Lien on the Collateral, and will defend the right, title, and interest of the Bank in and to any of the Guarantor’s rights under the Collateral;

 

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(q) Guarantor hereby agrees that if the Guarantor changes its name, its type of organization or its state of organization, the Guarantor will promptly thereafter notify the Bank in writing of the additions or changes. Guarantor will not change its state of incorporation or its name, identity, or corporate structure in any manner that might make any financing or continuation statement filed in connection herewith seriously misleading within the meaning of section 9-503 of the UCC (or any other then applicable provision of the UCC) unless the Guarantor shall have given the Bank at least thirty (30) days’ prior written notice thereof and shall have taken all action (or made arrangements to take such action substantially simultaneously with such change if it is impossible to take such action in advance) necessary or reasonably requested by the Bank to amend such financing statement or continuation statement so that it is not seriously misleading;

 

(r) Throughout the subsistence of this Security Agreement, Guarantor undertakes: (i) not to pay its stockholders any loan or funds that the stockholders have lent or do in future lend to the Guarantor or any funds that they have invested and/or do in future invest in the Guarantor without the Bank’s prior written consent; (ii) not to declare, pay or set aside dividends on shares of capital stock of itself without the Bank’s prior written consent; (iii) not to enter into any related party transactions with Affiliated Company; and (iv) not to enter into any related party transactions with any of Guarantor’s and/or Affiliated Company’s office holders and/or directors (other than standard and arm’s-length employment agreements and service agreements with Guarantor’s office holders); provided, however, that limitations (i), (ii) and (iii) shall not apply in the event that (and as long as) Affiliated Company remains the sole shareholder of Guarantor.

 

(s) Upon the execution of this Security Agreement by all parties hereto, the Guarantor shall provide the Bank with a written legal opinion of Guarantor’s Counsel in the form attached hereto as Schedule H.

 

(t) No later than 45 days after the Execution Date, Guarantor shall provide the Bank with copies of the UCC Financing Statement certifying the filing of the first priority security interest granted herein;

 

(u) No later than 45 days after the registration of any Patents or Trademarks with the USPTO, Guarantor shall provide the Bank with an official document evidencing the filing of a copy of this Agreement with the USPTO, if and to the extent applicable, and certifying the filing of the first priority security interest in the Intellectual Property, granted herein;

 

(v) Guarantor shall file annual franchise tax report and pay annual franchise tax which it is required to file under the laws of the State of Delaware on a timely basis;

 

(w) Guarantor shall update the Bank of its accounts receivable every six months. Upon such notification, Guarantor shall update Schedule A accordingly, and have the updated schedule re- submitted and re-filed; and

 

(y) In each instance from time to time on a recurring basis in which the collective account balances of the bank accounts denoted with an asterisk on Schedule I attached hereto exceed $200,000 in the aggregate, the Guarantor shall no later than seven (7) days thereafter either reduce such collective balances below $50,000 or proceed to enter into a deposit account control agreement with such depository institution and the Bank on substantially similar terms to this Agreement.

 

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(z) The account balance of the “Payroll Account” set forth on Schedule I attached hereto shall not exceed $500,000 in the aggregate, for a period of more than seven (7) consecutive days, and shall only be used for payroll purposes.

 

(aa) The account balance in the Certificate of Deposit account set forth on Schedule I attached hereto shall not exceed $110,000 + accruing interest, in the aggregate, and shall only be used to secure payments to the Atlanta offices landlord.

 

9. Exchange Rate. Having regard to the fact that the amounts that are now and in future due to the Bank from the Guarantor on account of the Secured Sums can be both in Israeli currency and in foreign currency, it is hereby agreed and declared that the Bank, may convert Israeli currency in their possession to foreign currency as necessary for the full or partial discharge of the Secured Sums that are due to the Bank in foreign currency and convert foreign currency in their possession to Israeli currency, at the rates of exchange existing at the time when any such conversions are actually made by either of them.

 

The expression “rate of exchange” means:

 

(a) in respect of the time when there is a restraint by Israeli law in respect of the free use of foreign currency in Israel - the highest amount of Israeli currency that an Israeli resident is required to pay for a unit of the currency of such debt to an entity duly licensed to trade in Israel in foreign currency, together with the bank commission for such transaction;

 

(b) in respect of the time when there is no such restraint - the highest price for the purchase of a unit of the currency of such debt existing at the Bank of Israel in respect of bank telegraphic withdrawals on a city for the time being known as one of the financial centers of the state in which the currency of the debt is legal tender or in New York, at the option of the Bank, together with the bank commission for such transaction.

 

10. Events of Default. Without prejudice to the generality of the provisions of this Security Agreement or any other written agreement between the parties with respect to the Bank’s right to call for immediate payment of all or any of the Secured Sums, the Bank may in any of the undermentioned cases (“Events of Default”) call for the immediate payment by the Guarantor of all or any of the Secured Sums, without prior notice to the Guarantor and/or the Affiliated Company, unless otherwise stated below:

 

(a) if Affiliated Company and/or Guarantor fails to pay any payment pursuant to any agreement (including the principal amount, interest, linkage, expenses and/or related fees) to the Bank, when due.

 

(b) if a voluntary winding-up resolution is passed by the Guarantor and/or the Affiliated Company or if a winding-up order or a suspension of proceedings order is issued against either of the Guarantor and/or the Affiliated Company by the court or if the court calls a creditors meeting for the purpose of finding an arrangement with them or if the Guarantor’s and/or the Affiliated Company’s name has been removed or is about to be removed from any register operated by law;

 

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(c) if a provisional or permanent receiver, receiver and manager or liquidator is appointed over Guarantor’s and/or over any of its subsidiaries’ and/or over Affiliated Company’s material assets or any of them; or if a petition for the appointment of any of the above has been filed by any party against any asset of either of Guarantor and/or Affiliated Company.

 

(d) if an attachment (temporary or permanent) covering any obligation is imposed over all or any of the Guarantor’s and/or Affiliated Company’s assets or over any of the Collateral given by the Guarantor to the Bank or if any act of execution in respect of any obligation is taken against either of them; provided however that in the case of an attachment that was only registered (and which did not remove any assets), then only to the extent that the registered attachment has not been revoked or reversed within 60 days thereafter; Such 60 day period may be shortened by the Bank, if Bank is convinced, upon exercising reasonable judgment, that such delay may impair the Bank’s rights, or its ability to collect any amounts owed thereto.

 

(e) if Guarantor and/or the Affiliated Company stops paying its debts to third parties for a period longer than two months;

 

(f) if the Affiliated Company’s business or a substantial part of it is stopped for three or more weeks, or if Affiliated Company’s business or a substantial part of it is shut down; Such time period may be shortened by the Bank, if Bank is convinced, upon exercising reasonable judgment, that such delay may impair the Bank’s rights, or its ability to collect any amounts owed thereto.

 

(g) if Affiliated Company has been declared as a “Limited Customer” or as a “Severe Limited Customer”, as such terms are defined in the Israeli Checks Without Cover (bad checks) Law, 1981.

 

(h) if all or a significant portion of the Affiliated Company’s current assets (inventory) are burned, lost or otherwise damaged, and not replaced with insurance proceeds; or if all or a significant portion of the Affiliated Company’s fixed assets (including, for avoidance of doubt, manufacturing lines) are burned, lost or otherwise damaged, and the Affiliated Company does not have sufficient inventory to enable continuous sales (at least at the same volume as existing prior to such event);

 

(i) if more than $50,000 of the Collateral value is burned, lost or otherwise damaged and not replaced with insurance proceeds;

 

(j) if there has been a change in the identity of the security holders and/or of the security - holdings of the Guarantor (except in the event of an initial public offering of the Guarantor) without the Bank’s prior written approval, or if there has been a change of control in the Affiliated Company (“control” shall have the meaning ascribed to it in the Israeli Securities Law, 1968);

 

(k) if the Bank, at its reasonable discretion, takes the view that a material change in the Guarantor’s financial situation has occurred, that may materially impair Guarantor’s ability to dispose of its payment obligation relating to the Secured Sums;

 

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(l) if, at the Bank’s reasonable commercial opinion, there is a material deterioration in the value of the Collateral (excluding deterioration due to foreign currency exchange rates);

 

(m) if Guarantor and/or the Affiliated Company is required to accelerate the discharge of debts that it owes to other creditors;

 

(n) if Guarantor materially breaches or does not perform any of the covenants set forth in this Security Agreement and/or any of the material obligations that are contained in this Security Agreement and/or any agreement and/or instrument and/or contract made in the past and/or future between the Guarantor and the Bank and which breach or non-performance is not cured within thirty (30) days of receiving notice, except that Guarantor shall have an additional sixty (60) days if Guarantor has commenced performance and such performance will require more than thirty (30) days for compliance; provided, however, that such period may be shortened by the Bank, if Bank is convinced, upon exercising reasonable judgment, that such delay may impair the Bank’s rights, or its ability to collect any amounts owed thereto.

 

(o) if it transpires that any warranty of the Guarantor in this Security Agreement and/or any contract made in the past and/or future between Guarantor and the Bank is incorrect in a material respect and/or inaccurate or incomplete in any material respect;

 

(p) if Guarantor and/or the Affiliated Company alter any of their charter documents in such manner as to have a material adverse effect on the ability of Affiliated Company to comply with any of its obligations under the loan agreements, and /or on the ability of Guarantor to comply with any of its obligations under this Security Agreement;

 

(q) if Guarantor and/or the Affiliated Company pass a resolution to merge with another company, whether as absorbing or target company (including, for avoidance of doubt, any action as a result of which Guarantor and/or Affiliated Company purchase assets and/or obligation of another party, or transfers assets in consideration for securities of another party), without the Bank’s prior consent which shall not be unreasonably withheld;

 

(r) if any license, consent, approval or registration of any of the Intellectual Property or the intellectual property rights of the Guarantor and/or the Affiliated Company is denied, becomes void, suspended or is materially prejudiced, and has a material effect on such company.

 

(s) if Guarantor does not file the appropriate UCC Financing Statements in the State of Delaware; or if Guarantor does not file the necessary continuation statements from time to time under the applicable provisions of Article 9 of the UCC in order to maintain the perfection of the Collateral, or if any other security interest is perfected in the Collateral, having a higher priority over the Bank.

 

(t) if Guarantor does not file the appropriate filings with the USPTO in order to perfect the Guarantor’s security interest in the Guarantor’s future Intellectual Property; or if Guarantor does not file the necessary continuation filings, if such are required in order to maintain the perfection of the Intellectual Property Collateral, or if any other security interest is perfected relating to the Intellectual Property having a higher priority over the Bank. For avoidance of doubt, it is hereby explicitly stipulated, that as of the date hereof, Guarantor has no registered Patents, and thus no such filings are currently required.

 

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(u) If the Guarantor shall issue any shares to any other shareholder, without the Bank’s prior written consent.

 

(v) If the Guarantor shall not file annual franchise tax report and pay annual franchise tax which it is required to file under the laws of the State of Delaware on a timely basis.

 

(w) If an event of default shall be declared by the Bank pursuant to any agreement with either the Affiliated Company or the Guarantor.

 

11. The Bank’s Appointment as Attorney-in-Fact.

 

(a) Upon any of the events set forth in section 3 above, the Bank may take all the steps it deems fit in order to collect all the Secured Sums, realize the Collateral in any way that the law permits and exercise all its rights pursuant to this Security Agreement, in whole or in part, and apply the proceeds thereof in discharge of the Secured Sums, without the Bank having to enforce or realize any other guarantees or collateral that it might have (whether against Guarantor or against any third party). Upon the giving of such notice (if any) as may be required by law, the Bank may, at its discretion, as the Guarantor’s attorney, for which purpose the Guarantor irrevocably appoints the Bank as its attorney, sell the Collateral or any part of it by auction, public sale, private sale or otherwise, itself or through others and on conditions at the Bank’s absolute discretion, and the Bank may itself or by the court or execution office realize the Collateral granted to it pursuant to this Security Agreement or otherwise by the appointment of a receiver or receiver and manager on behalf of the Bank (and the Guarantor agrees in advance to any person or legal entity that the Bank appoints or proposes as receiver and manager as aforesaid) at Guarantor’s expense and amongst his other powers, he may:

 

(i) ask, demand, collect, receive, and give acquittances and receipts for any and all moneys due and to become due under any Collateral and, in the name of the Guarantor or its own name or otherwise, to take possession of and endorse and collect any checks, drafts, notes, acceptances, or other instruments for the payment of moneys due under any Collateral and to file any claim or to take any other action or proceeding in any court of law or equity or otherwise deemed appropriate by the Bank for the purpose of collecting any and all such moneys due under any Collateral whenever payable and to file any claim or to take any other action or proceeding in any court of law or equity or otherwise deemed reasonably appropriate by the Bank for the purpose of collecting any and all such moneys due under any Collateral whenever payable;

 

(ii) pay or discharge taxes, Liens, security interests, or other encumbrances levied or placed on or threatened against the Collateral, to effect any repairs or any insurance called for by the terms of this Security Agreement and to pay all or any part of the premiums therefor and the costs thereof; and

 

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(iii) (A) direct any party liable for any payment under any of the Collateral to make payment of any and all moneys due, and to become due thereunder, directly to the Bank or as the Bank shall direct; (B) receive payment of and receipt for any and all moneys, claims and other amounts due, and to become due at any time, in respect of or arising out of any Collateral; (C) sign and endorse any invoices, freight or express bills, bills of lading, storage or warehouse receipts, drafts against debtors, assignments, verifications, and notices in connection with accounts and other documents constituting or relating to the Collateral; (D) commence and prosecute any suits, actions, or proceedings at law or in equity in any court of competent jurisdiction to collect the Collateral or any part thereof and to enforce any other right in respect of any Collateral; (E) defend any suit, action, or proceeding brought against the Guarantor with respect to any Collateral; and (F) settle, compromise, or adjust any suit, action, or proceeding described above and, in connection therewith, to give such discharges or releases as the Bank may deem appropriate.

 

(iv) (i) place a “hold” on any account maintained with Guarantor and/or (ii) deliver a notice of exclusive control, any entitlement order, or other directions or instructions pursuant to any Control Agreement or similar agreements providing control of any Collateral (including, without limitation, an Account Control Agreement);

 

(b) The Bank agrees that, except upon the occurrence and during the continuation of an Event of Default, it will forbear from exercising the power of attorney or any rights granted to the Bank pursuant to this Section 11. The Guarantor hereby ratifies, to the extent permitted by law, all that said attorneys shall lawfully do or cause to be done by virtue hereof. The power of attorney granted pursuant to this Section 11 is a power coupled with an interest and shall be irrevocable until this Security Agreement is terminated pursuant to Section 14 below.

 

(c) The powers conferred on the Bank hereunder are solely to protect the Bank’s interests in the Collateral and shall not impose any duty upon it to exercise any such powers. The Bank shall be accountable only for amounts that it actually receives as a result of the exercise of such powers and neither it nor any of its representatives or agents shall be responsible to the Guarantor for any act or failure to act, except for its own gross negligence, bad faith, misrepresentation, fraud or willful misconduct.

 

(d) The Guarantor also authorizes the Bank, at any time and from time to time upon the occurrence and during the continuation of any Event of Default, to execute, in connection with the sale provided for in Section 13 hereof, any endorsements, assignments, or other instruments of conveyance or transfer with respect to the Collateral.

 

12. Performance by the Bank of Guarantor’s Obligations. If the Guarantor materially fails to perform or comply with any of its material agreements contained herein and the Bank, as provided for by the terms of this Security Agreement, shall itself perform or comply, or otherwise cause performance or compliance, with such agreement, the reasonable expenses of the Bank incurred in connection with such performance or compliance, together with interest thereon, shall be payable by the Guarantor to the Bank on demand and shall constitute Secured Sums secured hereby.

 

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13. Remedies, Rights Upon Default.

 

(a) Upon the occurrence of any of the events set forth in Section 3 above, and provided that the Secured Sums had not been fully paid, the Bank will be entitled to exercise in addition to all other rights and remedies granted to it in this Security Agreement and in any other instrument or agreement securing, evidencing, or relating to the Secured Sums, all rights and remedies of a secured party under the UCC. Without limiting the generality of the foregoing, the Guarantor expressly agrees that upon the occurrence of any such Event of Default (and provided that such Event of Default had not been cured during the applicable cure period), the Bank, without demand of performance or other demand, advertisement, or notice of any kind (except the notice specified below of time and place of public or private sale) or upon the Guarantor or any other person (all and each of which demands, advertisements, and/or notices are hereby expressly waived to the maximum extent permitted by the UCC and other applicable law), may forthwith collect, receive, appropriate, and realize upon the Collateral, or any part thereof, and/or may forthwith sell, lease, assign, give an option or options to purchase, or sell or otherwise dispose of and deliver such Collateral (or contract to do so), or any part thereof, in one or more parcels at public or private sale or sales, at any exchange or broker’s board or at any of the Bank’s offices or elsewhere at such prices on such terms as the Bank may deem commercially best, for cash or on credit or for future delivery without assumption of any credit risk. The Bank shall have the right upon any such public sale or sales, and, to the extent permitted by law, upon any such private sale or sales, to purchase the whole or any part of such Collateral so sold. The Guarantor further agrees, at the Bank’s request, to assemble the Collateral and make it available to the Bank at places that the Bank shall reasonably select, whether at the Guarantor’s premises or elsewhere. The Bank shall apply the net proceeds of any such collection, recovery, receipt, appropriation, realization, or sale, as provided in Section 13(d) hereof, the Guarantor remaining liable for any deficiency remaining unpaid after such application, and only after so paying over such net proceeds and after the payment by the Bank of any other amount required by any provision of law, including section 9-610 of the UCC, need the Bank account for the surplus, if any, to the Guarantor. To the maximum extent permitted by applicable law, the Guarantor waives all claims, damages, and demands against the Bank arising out of the repossession, retention, or sale of the Collateral except such as arise out of the gross negligence, fraud, misrepresentation, bad faith or willful misconduct of the Bank. The Guarantor agrees that the Bank need not give more than sixty (60) days’ prior notice (which notification shall be deemed given when mailed or delivered on an overnight basis, postage prepaid, addressed to the Guarantor at its address referred to in Section 17 hereof with confirmation of receipt) of the time and place of any public sale or of the time after which a private sale may take place and that such notice is reasonable notification of such matters. The Guarantor shall remain liable for any deficiency if the proceeds of any sale or disposition of the Collateral are insufficient to pay all of the Secured Sums.

 

(b) The Guarantor also agrees to pay all costs of the Bank, including, without limitation, reasonable attorneys’ fees, incurred in connection with the enforcement of any of its rights and remedies hereunder.

 

(c) Except as otherwise set forth in this Security Agreement, the Guarantor hereby waives presentment, demand, protest, or any notice (to the maximum extent permitted by applicable law) of any kind in connection with this Security Agreement or any Collateral.

 

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(d) The Proceeds of any sale, disposition, or other realization upon all or any part of the Collateral shall be distributed by the Bank in the following order:

 

(a)first, in discharge of all expenses incurred in connection with collecting the Secured Sums, including the expenses and remuneration of any receiver and/or manager at such rate as reasonably fixed by the Bank;

 

(b)second, in discharge of the further amounts that are due to the Bank in consequence of the linkage conditions, the interest, damages, commission and expenses now and in future due to the Bank pursuant to this Security Agreement;

 

(c)third, in discharge of the principal of the Secured Sums; and

 

(d)fourth, to pay to the Guarantor, or its representatives or as a court of competent jurisdiction may direct, any surplus then remaining from such Proceeds.

 

(e) The Bank shall not be required to resort to or pursue any of its rights or remedies under or with respect to any other agreement or any other collateral or charge before pursuing any of its rights or remedies under this Security Agreement. The Bank may pursue its rights and remedies in such order as it determines, and the exercise by the Bank of any right or remedy will not preclude the Bank from exercising any other right or remedy.

 

(f) Until such time as any of the events set forth in Section 3 above have occurred, the Bank shall not exercise the rights set forth in subsection (a) above, including without limitation giving a Notice of Exclusive Control under the Deposit Account Control Agreement by and among the Bank, the Guarantor and Bank Leumi USA dated as of July 19th, 2017 (as such term is defined therein) or the giving of any similar notice under any other deposit account control agreement granting a security interest in any deposit account entered into pursuant to this Agreement or as a result of the Banking Services.

 

14. Termination. The Bank shall terminate this Security Agreement upon the Guarantor’s request provided that there has been the full repayment of all outstanding Secured Sums, all credit lines of the Affiliated Company are cancelled, and there remain no obligations towards the Bank or any outstanding credit facilities either of Guarantor or of Affiliated Company. Upon termination of this Security Agreement the Bank will release the security interest hereunder and will provide the Guarantor with any required approval or executed documents to the Secretary of State of the State of Delaware to remove the security interest in favor of the Bank under this Security Agreement.

 

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15. Appointment of the Bank; Limitation on the Bank’s Duty in Respect of Collateral. The Bank shall be obligated and shall have the right hereunder to make demands, to give notices, to exercise or refrain from exercising any rights, and to take or refrain from taking action (including, without limitation, the release or substitution of Collateral) solely in accordance with this Security Agreement, and the Bank shall be bound thereby. So long as the Bank complies with reasonable banking practices, the Bank shall not have any duty as to any Collateral in its possession or control or in the possession or control of any agent or nominee of it or any income thereon or as to the preservation of rights against prior parties or any other rights pertaining thereto, except that the Bank shall use reasonable care with respect to the Collateral in its possession or under its control. Furthermore, neither the Bank nor any of its officers, directors, agents, or employees shall be liable for any action taken or omitted by any of them hereunder or in connection herewith or therewith, unless caused by it or their gross negligence, fraud, misrepresentation, bad faith or willful misconduct. Upon request of the Guarantor, the Bank shall account for any monies received by it in respect of any foreclosure oil or disposition of the Collateral.

 

16. Reinstatement. Subject to the provisions of Section 14 above, this Security Agreement shall remain in full force and effect and continue to be effective should any petition be filed by or against the Guarantor for liquidation or reorganization, should the Guarantor become insolvent or make an assignment for the benefit of creditors, or should a receiver or trustee be appointed for all or any significant part of the Guarantor’s assets, and shall continue to be effective or be reinstated, as the case may be, if at any time payment and performance of the Secured Sums, or any part thereof, is, pursuant to applicable law, rescinded or reduced in amount, or must otherwise be restored or returned by any obligee of the Secured Sums, whether as a “voidable preference”, “fraudulent conveyance”, or otherwise, all as though such payment or performance had not been made. In the event that any payment, or any part thereof, is rescinded, reduced, restored, or returned, the Secured Sums shall be reinstated and deemed reduced only by such amount paid and not so rescinded, reduced, restored, or returned.

 

17. Notices. Except as otherwise provided herein, whenever it is provided herein that any notice, demand, request, consent, approval, declaration, or other communication shall or may be given to or served upon any of the parties by any other party, or whenever any of the parties desires to give or serve upon any other communication with respect to this Security Agreement, each such notice, demand, request, consent, approval, declaration, or other communication shall be in writing and either shall be delivered in person with receipt acknowledged or sent by registered or certified mail, return receipt requested, postage prepaid, or by facsimile, and confirmed by answerback addressed as follows:

 

  (a) If to the Bank:
     
    Mizrahi Tefahot Bank Ltd.
    7 Jabotinsky Street Ramat Gan, Israel
    Email: Dani_maor@umtb.co.il
    Attention: Dani Maor

 

with a copy to:   E. Landau Law Offices
    7 Jabotinsky Street.
    Ramat Gan, Israel
    Facsimile: 972-2-561-8212
    Attention: Shlomo Farkas, Adv.

 

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(b) If to the Guarantor:
    Itamar Medical Inc.
    c/o Itamar Medical Ltd.
    9 Halamish Street, P.O. Box 3579
    Caesarea 3088900, Israel
    Attn: Shy Basson, CFO
     
    Itamar Medical Inc.
    3290 Cumberland Club Drive
    Suite 100, Atlanta, GA 30339
    Attn: Shy Basson, CFO
     
with a copy to:   Itamar Medical Ltd.
    9 Halamish Street, P.O. Box 3579
    Caesarea 3088900, Israel
    Attn: Gil Ashkenazi, Legal Counsel

 

or at such other address in Israel, as may be substituted by notice given as herein provided. The giving of any notice required hereunder may be waived in writing by the party entitled to receive such notice. Every notice, demand, request, consent, approval, declaration, or other communication hereunder shall be deemed to have been duly given or served on the date on which personally delivered, with receipt acknowledged, telecopied, and confirmed by telecopy answerback, or five (5) Business Days after the same shall have been deposited in the local postal service in Israel or in the U.S. To the extent permitted under applicable law, failure or delay in delivering copies of any notice, demand, request, consent, approval, declaration, or other communication to the persons designated above to receive copies shall in no way adversely affect the effectiveness of such notice, demand, request, consent, approval, declaration, or other communication, unless the recipient thereof has been materially prejudiced by such failure or delay.

 

Guarantor hereby irrevocably designates, appoints and empowers Mr. Shy Basson, 9 Halamish Street, P.O. Box 3579, Caesarea 3088900, Israel to receive for and on behalf of the Guarantor, any and all notices and/or correspondence relating to this Agreement and/or to Guarantor’s relations with the Bank, including without limitation, service of process issued out of the courts of the State of Israel or by or on behalf of the Bank or in any other manner in any legal action or proceedings arising out of or in connection with this Agreement. Any service of process to the above mentioned agent shall be deemed as service of process to the Guarantor itself. Guarantor hereby irrevocably agrees that if its agent ceases to have an address in Israel or ceases to act as its agent it shall appoint a new agent in Israel and will deliver to the Bank within 7 days a copy of a written acceptance of appointment by its agent. If at any time Guarantor appoints a new agent it shall give notice to the Bank of such appointment and until such time service on the agent last known to the other party shall be deemed to be effective service.

 

18. Severability. Any provision of this Security Agreement which is prohibited or unenforceable in any jurisdiction shall, as to such jurisdiction, be 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.

 

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19. No Waiver; Cumulative Remedies. Neither party shall, by any act, delay, omission, or otherwise, be deemed to have waived any of its rights or remedies hereunder, and no waiver shall be valid unless in writing, signed by the waiving party, and then only to the extent therein set forth. A waiver by either party of any right or remedy hereunder on any one occasion shall not be construed as a bar to any right or remedy which such party would otherwise have had on any future occasion. No failure to exercise, nor any delay in exercising on the part of a party hereunder, any right, power, or privilege hereunder, shall operate as a waiver thereof, nor shall any single or partial exercise of any right, power or privilege hereunder preclude any other or future exercise thereof or the exercise of any other right, power, or privilege. The rights and remedies hereunder provided are cumulative and may be exercised singly or concurrently, and are not exclusive of any rights and remedies provided by law. None of the terms or provisions of this Security Agreement may be waived, altered, modified, or amended except by an instrument in writing, duly executed by the Bank and the Guarantor.

 

20. Successors and Assigns; Governing Law.

 

(a) This Security Agreement and all obligations of the Guarantor hereunder shall be binding upon the successors and assigns of the Guarantor, and shall, together with the rights and remedies of the Bank hereunder, inure to the benefit of the Bank and its successors and assigns. No sales of participations, other sales, assignments, transfers, or other dispositions of any agreement governing or instrument evidencing the Secured Sums or any portion thereof or interest therein shall in any manner affect the security interest granted to the Bank, hereunder.

 

(b) This Security Agreement shall be governed by, and be construed and interpreted in accordance with, the laws of the State of Delaware.

 

(c) All parties to this Security Agreement hereby irrevocably consent to the jurisdiction of the courts in Tel Aviv, Israel, with respect to all matters related to and /or arising of this Agreement. The competent court in Tel Aviv is hereby vested with jurisdiction for the purpose of this Security Agreement, but the Bank may also take legal proceedings in any other competent court and/or jurisdiction. Subject to the provisions set forth in this section, all parties waive any objection to venue and any objection based on a more convenient forum in any action instituted under this Security Agreement.

 

21. Further Indemnification. The Guarantor agrees to pay, and to save the Bank harmless from, any and all liabilities with respect to, or resulting from any delay in paying, any and all excise, sales, or other similar taxes that may be payable or determined to be payable with respect to any of the Collateral or in connection with any of the transactions contemplated by this Security Agreement, except for losses caused by the Bank’s gross negligence, fraud, misrepresentation, bad faith or willful misconduct.

 

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22. Books of Account, Guarantor confirms that the Bank’s books and accounts are acceptable to it, shall be deemed correct and shall serve as prima facie evidence against it of all their particulars, including as regards the computation of the Secured Sums, the details of the bills and guarantees and the other collateral and every other matter relating to this Security Agreement.

 

23. Waiver of Jury Trial. Each of the parties to this Security Agreement waives all right to trial by jury in any action or proceeding to enforce or defend any rights or remedies hereunder. The parties acknowledge that the foregoing waiver is knowing and voluntary.

 

24. Section Titles. The section titles contained in this Security Agreement are and shall be without substantive meaning or content of any kind whatsoever and are not a part of the agreement between the parties hereto.

 

25. Counterparts. This Security Agreement may be executed in any number of counterparts, which shall, collectively and separately, constitute one agreement.

 

26. Transfer of Rights. The Bank may at any time, at its discretion, without needing the Guarantor’s consent, transfer to a corporation under its control or to another banking institution or to any venture capital or secondary fund with whom the Bank has transferred warrants or security agreements relating to at least two (2) operating high-technology companies, this Security Agreement and the rights pursuant hereto, including the Collateral, in whole or parts, and any such transferee may transfer the said rights without requiring further consent from Guarantor to a corporation under its control or to another banking institution or to any venture capital or secondary fund. The transfer may be made by endorsement of the Security Agreement or in such other manner as the Bank deems fit.

 

Notwithstanding the above, in the event that the Bank declares an Event of Default under section 10 above, the Bank may freely transfer this Security Agreement and the rights pursuant hereto, including the Collateral, in whole or parts, to any third party it deems fit, and any such transferee may transfer the said rights without requiring any further consent.

 

[Signature page Follows]

 

 25 

 

 

Execution Copy

 

[Security Agreement dated July 19th, 2017 - Signature Page]

 

IN WITNESS WHEREOF, each of the parties hereto has caused this Security Agreement to be executed and delivered by its duly authorized officer on the date first set forth above.

 

 
Mizrahi Tefahot Bank Ltd.   Guarantor

By: /s/ Guy Ofer Hirshler   By:
  /s/ Dani Maor      

 

 

 

 

Schedule A:

List of Accounts

To be provided.

 

 

 

 

Schedule B:

List of IP.

None.

 

 

 

 

Schedule C:

Pledged Shares’ Certificates + Undated stock powers duly executed in blank or other instruments of transfer satisfactory to the Bank and by such other instruments and documents as the Bank may reasonably request.

None.

 

 

 

 

Schedule D:

ASSIGNMENT OF FUNDS

 

In consideration of One Dollar cash in hand, the receipt and sufficiency of which are hereby acknowledged, Itamar Medical, Inc., a Delaware corporation (“Guarantor”), hereby irrevocably assigns to Mizrahi Tefahot Bank (“Bank”) all accounts receivable due to it from all customers listed in Schedule A, and does hereby authorize and instruct them to pay to the Bank all amounts now due or which later become due to Guarantor, and authorizes the Bank to endorse any checks received in the name of Guarantor.

 

     
Itamar Medical, Inc.   Guarantor
     
By:     By:  

 

 

 

 

Schedule E:

A copy of the resolutions of the Guarantor’s board of directors or to be done by unanimous consent of shareholders approving the execution of this agreement and the grant of a security interest under the terms and conditions herein.

 

 

 

 

ITAMAR MEDICAL, INC

ACTION BY UNANIMOUS CONSENT IN WRITING

OF THE BOARD OF DIRECTORS

 

The undersigned, constituting all of the members of the Board of Directors of Itamar Medical, Inc., a Delaware stock corporation (the “Corporation”), by unanimous consent in writing pursuant to the authority contained in Section 141 of the Delaware General Corporation Law, without the formality of convening a meeting, do hereby consent to the following actions of the Corporation and direct that this consent be filed with the minutes of the Board of Directors of the Corporation.

 

RESOLVED, that the Company is hereby authorized and empowered to guarantee (the “Guaranty”) the indebtedness of Itamar Medical Ltd. (the “Borrower”) pursuant to the terms of that certain credit facility dated March 29, 2017 (the “Financing”) with Mizrahi Tefahot Bank Ltd. (the “Lender”) and to execute a Continuing Guarantee in an Unlimited Amount to Secure All Debts in substantially the form and on the terms set forth in Exhibit I attached hereto (the “Guaranty”); and

 

RESOLVED FURTHER, that the Company is hereby authorized and empowered to grant to the Lender collateral security for the Guaranty on substantially the terms set forth in the Unlimited Security Agreement attached hereto as Exhibit II (the “Security Agreement”); and

 

RESOLVED FURTHER, that the Company is hereby authorized from time to time to modify, supplement or amend the Guaranty and the Security Agreement; from time to time pledge, assign, guarantee, mortgage, consign, grant security interests in and otherwise transfer to the Lender as collateral security for the Guaranty collateral on such terms as are set forth in the Security Agreement; and to execute such instruments and documents and to do and perform all other acts and things necessary, convenient or proper to cany out any of the foregoing; and

 

RESOLVED FURTHER, that Gilad Glick as President and CEO of the Company is hereby authorized and empowered on behalf of the Company to execute any and all documents required or necessary to effectuate the Financing and to certify to the Lender that these resolutions have been duly adopted and that they are in conformity with the charter and by-laws of this Company.

 

Dated as of the 4th day of July, 2017.

 

  DIRECTOR
   
  /s/ Dr. Giora Yaron
  Dr. Giora Yaron
   
  /s/ Gilad Glick
  Gilad Glick
   
  /s/ Shy Basson
  Shy Basson

 

 

 

 

Exhibit I

 

Guaranty

 

See Continuing Guarantee in an Unlimited Amount to Secure All Debts attached to Exhibit 4.11

 

 

  

 

 

Exhibit II

 

Security Agreement

 

See Unlimited Security Agreement attached to Exhibit 4.11

 

  

 

 

Schedule F:

Deposit Account Control Agreement

 

 

 

 

Execution Copy

 

DEPOSIT ACCOUNT CONTROL AGREEMENT

(SPRINGING CONTROL)

 

THIS DEPOSIT ACCOUNT CONTROL AGREEMENT (SPRINGING CONTROL) (this “Agreement” is entered into as of July 19, 2017, by and among the following parties:

 

(“Creditor”): Mizrahi Tefahot Bank Ltd., Israel

 

(“Debtor”): Itamar Medical, Inc., a Delaware corporation

 

(“Bank”): Bank Leumi USA, a bank organized under the laws of the State of New York

 

WHEREAS, Creditor and Debtor have entered into that certain Unlimited Security Agreement (the “Security Agreement) dated on or about July 19, 2017, pursuant to which Debtor has granted Creditor a security interest in a deposit account maintained by Bank for Debtor and in all funds heretofore or hereafter deposited into that account, including any interest earned thereon.

 

WHEREAS, the Parties are entering into this Agreement to perfect Creditor’s security interest in that account.

 

NOW, THEREFORE, in consideration of their mutual covenants and promises, the parties agree as follows:

 

1.The Pledged Account.

 

1.1         Bank represents and warrants to Creditor that deposit account number(s)                       (such account(s), individually and collectively, the “Pledged Account”) has/have been established for Debtor at Bank and that, as of the date hereof. Bank does not know of any claim to or interest in the Pledged Account, except for claims and interests of the parties referred to in this Agreement. Notwithstanding the above, any accounts at the Bank on Schedule I attached hereto and made a part hereof are excluded from this Agreement, and do not constitute part of the Pledged Account and Account Collateral.

 

1.2         Pursuant to the Security Agreement, Debtor has granted Creditor a security interest in the Pledged Account and all funds, checks, cash, items, instruments and other things of value at any time paid, deposited, payable or credited to the Pledged Account and all proceeds of the foregoing (the “Account Collateral).

 

1.3         Debtor represents and warrants to Creditor and Bank that (i) Debtor has not assigned nor granted a security interest in the Pledged Account or the Account Collateral, except to Creditor and (ii) Debtor will not permit the Pledged Account or the Account Collateral to become subject to any other pledge, assignment, lien, charge or encumbrance of any kind, other than Creditor’s security interests referred to herein.

 

1.4         The parties agree the Pledged Account is a deposit account as defined in Article 9 of the Uniform Commercial Code of the State of New York (the UCC). For purposes of the UCC, New York shall be deemed to be the Bank’s jurisdiction and the Pledged Account shall be governed by the laws of the State of New York.

 

 

 

 

1.5         Except as otherwise required by law, Bank will not agree with any third party to comply with any request to execute transactions in the Pledged Account (an Order) originated by such third party.

 

1.6         Bank acknowledges that Debtor has granted to Creditor a security interest in the Pledged Account and the Account Collateral. This Agreement is intended to perfect Creditor’s security interest in and evidence control (as defined in Section 9-104 of the UCC) over the Pledged Account and the Account Collateral.

 

2.Control of Pledged Account.

 

2.1         Bank shall comply with any Order originated by Creditor, without Debtor’s further consent and without regard to any conflicting instructions given by Debtor; provided, however, that Bank may execute transactions in the Pledged Account, at the direction of Debtor unless and until Bank receives from Creditor a written Notice of Exclusive Control in substantially the form of Exhibit A hereto (a “Notice of Exclusive Control). Creditor shall promptly furnish Debtor with a copy of any Order and Notice of Exclusive Control presented by Creditor to the Bank.

 

2.2         Upon Bank’s receipt of a Notice of Exclusive Control, (i) Debtor shall have no further rights to instruct Bank with respect to the Pledged Account or the Account Collateral or to obtain funds from the Account Collateral, (ii) Bank will immediately cease complying with instructions or other directions concerning the Pledged Account originated by Debtor, (iii) Bank shall neither accept nor comply with any instructions from Debtor withdrawing or transferring any funds or other property from the Pledged Account, (iv) subject to the next succeeding sentence, Bank shall not deliver any property in the Pledged Account to Debtor nor pay any free credit balance or other amount owing from Bank to Debtor with respect to the Pledged Account. Notwithstanding the foregoing, the Creditor hereby irrevocably instructs the Bank to allow the Debtor to make up to 2 transfers to the payroll account at the Bank designated on Schedule I hereto, at any time within a one month period following receipt of a Notice of Exclusive Control, in an aggregate amount not to exceed $500,000, to be effectuated by notification from Creditor to such effect in the Notice of Exclusive Control.

 

2.3         Bank may rely on a Notice of Exclusive Control purportedly signed by Creditor and shall have no duty to investigate or make any determination as to the validity, genuineness or propriety thereof, or the facts giving rise thereto. This Agreement does not create or impose any obligation or duty upon Bank other than those expressly set forth herein.

 

2.4         Unless otherwise agreed in writing between Bank and Creditor, Bank will transfer funds from the Pledged Account to Creditor in response to an Order from Creditor in accordance with this Agreement on any day other than a Saturday, Sunday or public holiday on which Bank is open to conduct its regular banking business (each such day a “Bank Day”), if Bank receives an Order on such Bank Day before the deadline established by Bank from time to time for such transfer requests, and the amount requested to be transferred does not exceed the collected and available balance in the Pledged Account at the beginning of such Bank Day as determined by Bank after deducting the amount of all Returned Items (as defined in Section 3 below).

 

 

 

  

2.5         Unless otherwise agreed in writing between Bank and Creditor, transfers of funds from the Pledged Account to Creditor shall be made using the Fedwire system unless for any reason the Fedwire system is unavailable, in which case Bank will determine the funds transfer system to be used in making such transfer and the means by which such transfer will be made. Instructions for such transfers to Creditor are set forth on Exhibit B hereto, subject to change as designated in writing by Creditor delivered to Bank from time to time. Debtor and Creditor understand that a funds transfer by Bank may be delayed or not made if the transfer would cause Bank to violate any applicable law or regulation.

 

3.Priority of Creditor’s Security Interest; Rights Reserved by Bank.

 

Bank agrees that all of its present and future rights against the Pledged Account are subordinate to Creditor’s security interest therein; provided, however, that Creditor agrees that nothing herein subordinates or waives, and that Bank expressly reserves, all of its present and future rights (whether described as rights of setoff, banker’s lien, chargeback or otherwise, and whether available to Bank under the law or under any other agreement between Bank and Debtor concerning the Pledged Account, or otherwise) with respect to: (a) items deposited to the Pledged Account and returned unpaid, whether for insufficient funds or for any other reason, and without regard to the timeliness of return of any such items; (b) checks paid, or other payment orders executed in good faith against uncollected funds in the Pledged Account provided Bank does not have reasonable cause to doubt the collectability of such uncollected funds; (c) claims of breach of the transfer or presentment warranties arising under the UCC made against Bank in connection with items deposited to the Pledged Account; (d) any substitute check or purported subject check deposited to the Pledged Account that is the subject of an indemnity claim, including, but not limited to, breach of warranty; (e) any credit to the Pledged Account made in error; and (f) Bank’s usual and customary charges for services rendered in connection with the Pledged Account. Items, entries and transactions described in clauses (a) through (f) of this paragraph are hereinafter collectively referred to as Returned Items).

 

4.Returned Item Amounts.

 

Debtor and Creditor understand and agree that Bank will collect the amount (Returned Item Amount”) of any and each Returned Item by debiting the Pledged Account. Debtor and Creditor further understand and agree that in the event the Returned Item is a substitute check or a purported substitute check, in addition to the Returned Item Amount, Bank may debit the Pledged Account for any further amount to satisfy any indemnity claim. Debtor shall pay the amount of each Returned Item immediately upon demand to the extent there are not sufficient funds in the Pledged Account to cover such amount on the day of the debit. Creditor shall pay to Bank, within twenty (20) days after demand on Creditor by Bank, any such amount that has not been paid in full by Debtor within ten (10) days after demand on Debtor by Bank to the extent that Creditor received proceeds from the corresponding Returned Item, and only up to such amount actually received by such Creditor from the corresponding Returned Item; provided, however, that if Bank is stayed from making such demand upon Debtor as a result of a bankruptcy or similar proceeding, then Bank shall be deemed to have made such demand upon Debtor at the commencement of such proceeding.

 

 

 

 

5.Statements; Notices of Adverse Claim.

 

Bank shall disclose to Creditor such information concerning the Pledged Account as Creditor may from time to time reasonably request; provided, however, that Bank shall have no obligation to disclose to Creditor any information which Bank does not ordinarily make available to its depositors. Bank will promptly notify Creditor and Debtor if any other person claims that it has a lien, property interest in or adverse claim against the Pledged Account.

 

6.Right to Place Hold: Bankruptcy; Interpleader.

 

If at any time: (a) Bank, in good faith, is in doubt as to the action it should take under this Agreement, or (b) Bank learns or is served with notice that Debtor is subject to a voluntary or involuntary bankruptcy, reorganization, receivership or similar proceeding, or (c) Bank is served with legal process which it in good faith believes prohibits the disbursement of the funds deposited in the Pledged Account, then Bank shall have the right to (i) place a hold on the funds in the Pledged Account until such time as it receives an appropriate court order or other assurance satisfactory to it as to the disposition of the funds in the Pledged Account, or (ii) commence, at Debtor’s expense, an interpleader action in any competent federal or state court located in the State of New York, and otherwise to take no further action except in accordance with joint written instructions from Debtor and Creditor or in accordance with the final order of a competent court, served on Bank.

 

7.Bank’s Responsibility.

 

7.1         Except for permitting a withdrawal in violation of Section 2 above, Bank will not be liable to Creditor for complying with Orders from Debtor that are received by Bank before Bank receives and has had a reasonable opportunity to act on a contrary Order from Creditor

 

7.2         Bank will not be liable to Debtor for complying with Orders originated by Creditor, even if Debtor notifies Bank that Creditor is not legally entitled to issue Orders, unless Bank takes the action after it is served with an injunction, restraining order or other legal process enjoining it from doing so, issued by a court of competent jurisdiction, and has had a reasonable opportunity to act on the injunction, restraining order or other legal process.

 

7.3         This Agreement does not create any obligation of Bank except for those expressly set forth in this Agreement. In particular, Bank need not investigate whether Creditor is entitled under Creditor’s agreements with Debtor to give Orders. Bank may rely on notices and communications it believes are given by the appropriate party.

 

 

 

 

7.4         Bank will not have any liability to Debtor for claims, losses, liabilities or damages suffered or incurred by Debtor as a result of or in connection with this Agreement except to the extent such losses, liabilities, and damages directly result from Bank’s negligence or willful misconduct.

 

7.5         In no event will any party hereto have any liability to another party in connection herewith for any consequential, special, punitive or indirect loss or damage whether or not any claim for such damages is based on tort or contract or a party knew or should have known the likelihood of such damages in any circumstances or a party was informed of the possibility of such damages.

 

8.Compensation.

 

Debtor hereby agrees to pay to Bank the Bank’s usual and customary service charges and fees with respect to the Pledged Account and all services performed for Debtor or Creditor under this Agreement (as such charges and fees may change from time to time by notice from Bank to Debtor). It is understood and agreed that Debtor shall be responsible for payment of these and all reasonable expenses of Bank related to the provision of services under this Agreement. If - after a “Notice of Exclusive Control” has been delivered by the Creditor to the Bank - there are no sufficient funds in the Pledged Account to pay these charges and expenses for any period after the Notice of Exclusive Control, and the charges are not paid by Debtor upon demand of Bank, Creditor agrees to pay them within thirty (30) days of receipt of Bank’s written notice of Creditor.

 

9.Indemnity.

 

9.1         Debtor and Creditor (only to the extent a “Notice of Exclusive Control” has been delivered by the Creditor to the Bank) hereby agree to indemnify Bank, each legal entity, if any, who controls, is controlled by or is under common control with Bank, and each of their respective directors, officers, and employees (each an “Indemnified Party”), and to defend and hold each Indemnified Party harmless from and against any and all claims, damages, losses, liabilities, and expenses (including all fees and charges of internal or external counsel with whom Indemnified Party may consult and all expenses of litigation and preparation therefor) which any Indemnified Party may incur or which may be asserted against any Indemnified Party by any person, entity, or governmental authority (including any person or entity claiming derivatively on behalf of Debtor or Creditor), in connection with or arising out of or relating to the matters referred to in this Agreement; provided, however that this Section 9 shall not apply to any claims, damages, losses, liabilities, and expenses solely attributable to an Indemnified Party’s gross negligence or willful misconduct.

 

9.2         Whenever any claim, regardless of amount, shall arise for indemnification hereunder, the Bank shall notify the Debtor and the Creditor as soon as practicable in writing but in any event within ten (10) business days after the Bank has actual knowledge of the facts constituting the basis of such claim. Such notice shall specify all facts known to the Bank giving rise to such indemnification right and the amount or an estimate of the amount of the liability arising therefrom.

 

 

 

 

9.3          The Bank shall cooperate with Debtor and Creditor in the defense or prosecution of such claim, shall periodically advise Debtor and Creditor of the status of such claim, and shall consult with Debtor and Creditor on major decisions that could have a material impact on the proceedings. The Bank shall not settle any claim without Creditor’s and Debtor’s prior written consent.

 

9.4          Debtor and Creditor may participate at their expense in the defense of any such action or claim.

 

9.5          The provisions contained in this Section 9 shall survive the termination of this Agreement, payment of any advance hereunder and the assignment of any rights hereunder, or entry of judgment hereon.

 

10.Termination: Survival.

 

Creditor may terminate this Agreement by notice to Bank and Debtor. Upon a breach by Debtor of its deposit account agreement with the Bank or violation by the Debtor of the Bank’s rules and regulations pertaining to deposit accounts, Bank may terminate this Agreement on thirty (30) days’ written notice to Creditor and Debtor. For any other reason, Bank may terminate this Agreement on forty-five (45) days written notice. If Creditor notifies Bank that Creditor’s security interest in the Pledged Account has terminated, this Agreement will immediately terminate. This Agreement shall terminate upon Bank’s receipt of written notice from Creditor expressly stating that Creditor no longer claims any security interest in the Pledged Account; provided, however, that Section 4 (Returned Item Amounts), Section 7 (Bank’s Responsibility) and Section 9 (Indemnity) will survive termination of this Agreement. Debtor may not unilaterally terminate this Agreement or close the Pledged Account. Bank shall not cause or permit the Pledged Account to be closed during the term hereof unless Bank has received the prior written consent of Creditor.

 

11.Entire Agreement.

 

This Agreement, the exhibits hereto and the agreements and instruments required to be executed and delivered thereunder set forth the entire agreement of the parties with respect to the subject matter hereof and supersede and discharge all other contemporaneous or prior agreements (written or oral) and negotiations and all contemporaneous oral agreements concerning such subject matter and negotiations. There are no oral conditions precedent to the effectiveness of this Agreement.

 

12.Amendments.

 

No amendment of, modification of, or waiver of a right under, this Agreement nor consent to any departure by Debtor or Creditor shall be effective unless the same is in writing and signed by the party to be charged and then such waiver or consent shall be effective only in the specific instance and for the specific purpose for which given.

 

 

 

 

13.Severability.

 

The provisions of this Agreement are severable, and if any provision shall be held invalid or unenforceable in whole or in part in any jurisdiction, then such invalidity or unenforceability shall not in any manner affect such provision in any other jurisdiction or any other provision of this Agreement in any jurisdiction.

 

14.Representations.

 

Each party represents and warrants to other parties that (a) this Agreement constitutes its duly authorized, legal, valid, binding and enforceable obligation; (b) the performance of its obligations under this Agreement and the consummation of the transactions contemplated hereunder will not (i) constitute or result in a breach of its organizational documents or the provisions of any material contract to which it is a party or by which it is bound or (ii) result in the violation of any law, regulation, judgment, decree or governmental order applicable to it; and (c) all approvals and authorizations required to permit the execution, delivery, performance and consummation of this Agreement and the transactions contemplated hereunder have been obtained.

 

15.Other Agreements.

 

For so long as this Agreement remains in effect, transactions involving the Pledged Account shall be subject, except to the extent inconsistent herewith, to the provisions of such deposit account agreements, disclosures, and fee schedules as are in effect from time to time for accounts like the Pledged Account.

 

16.Successors and Assigns.

 

The provisions of this Agreement shall be binding upon and inure to the benefit of Bank, Creditor and Debtor and their respective successors and assigns, provided, however that Debtor may not assign or transfer its interests or rights hereunder (whether by operation of law or otherwise) without prior written consent of Creditor and Bank, and Creditor may not assign or delegate any of its rights hereunder without giving written notice thereof to Bank. Creditor reserves the right to sell, assign, transfer, negotiate or grant participations in all or any part of, or any interest in, Creditor’s rights and benefits hereunder and under each of the other Loan Documents as defined therein. In connection therewith, Creditor may disclose all documents and information which Creditor now has or hereafter may acquire relating to any credit accommodation subject hereto, Debtor or its business, or any collateral pledged to secure the obligations evidenced hereby.

 

 

 

 

17.Interpretation.

 

In this Agreement, unless the parties hereto otherwise agree in writing, (a) the singular includes the plural and the plural the singular; (b) references to statutes are to be construed as including all statutory provisions consolidating, amending or replacing the statute referred to; (c) the word “or” shall be deemed to include “and/or”, the words “including”, “includes” and “include” shall be deemed to be followed by the words “without limitation”; (d) references to sections or exhibits are to those of this Agreement; (e) terms defined in Article 9 of the UCC and not otherwise defined in this Agreement are used as defined in such Article; (f) references to any amount as on deposit or outstanding on any particular date means such amount at the close of business on such day; (g) the words “hereof,” “herein” and “hereunder” and words of similar import refer to this Agreement (or the certificate or other document in which they are used) as a whole and not to any particular provision of this Agreement (or such certificate or document); (h) references to any Section, Schedule or Exhibit are references to Sections, Schedules and Exhibits in or to this Agreement (or the certificate or other document in which the reference is made), and references to any paragraph, subsection, clause or other subdivision within any Section or definition refer to such paragraph, subsection, clause or other subdivision of such Section or definition; (i) references to any agreement refer to that agreement as from time to time amended or supplemented or as the terms of such agreement are waived or modified in accordance with its terms; (j) references to any person include that person’s successors and assigns; and (k) terms in one gender include the parallel terms in the neuter and opposite gender. Section headings in this Agreement are included for convenience of reference only and shall not constitute a part of this Agreement for any other purpose.

 

18.Notices.

 

All notices, requests and demands which any party is required or may desire to give to any other party under any provision of this Agreement must be in writing delivered to each party at its address as shown on the signature pages hereto, or to such other address as any party may designate by written notice to all other parties. Each such notice, request and demand shall be deemed given or made as follows: (a) if sent by hand delivery, upon delivery; (b) if sent by mail, upon the earlier of the date of receipt or three (3) days after deposit in the U.S. mail, first class and postage prepaid; and (c) if sent by any other means, upon receipt. Without limiting the foregoing, first-class mail, facsimile transmission and commercial courier service are hereby agreed to as acceptable methods for giving notices hereunder.

 

19.Venue: Jurisdiction.

 

EACH OF DEBTOR AND CREDITOR HEREBY IRREVOCABLY CONSENTS AND AGREES THAT ANY LEGAL SUIT, ACTION OR PROCEEDING ARISING OUT OF OR RELATING TO THIS AGREEMENT SHALL BE INSTITUTED IN ANY STATE OR FEDERAL COURT IN THE STATE OF NEW YORK, WHICH SHALL HAVE EXCLUSIVE JURISDICTION IN ANY SUIT, ACTION OR PROCEEDING, AND DEBTOR AND CREDITOR WAIVE ANY OBJECTIONS WHICH EACH MAY NOW OR HEREAFTER HAVE BASED ON VENUE AND/OR FORUM NON CONVENIENS OF ANY SUCH SUIT, ACTION OR PROCEEDING, AND DEBTOR AND BANK HEREBY IRREVOCABLY SUBMITS TO THE JURISDICTION OF ANY SUCH COURT IN ANY SUIT, ACTION OR PROCEEDING.

 

20.Governing Law.

 

THIS AGREEMENT SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE LAWS STATE OF NEW YORK (WITHOUT GIVING EFFECT TO ITS CONFLICT OF LAW RULES).

 

 

 

 

21.Waiver of Jury Trial.

 

EACH OF THE PARTIES KNOWINGLY, VOLUNTARILY, INTENTIONALLY AND IRREVOCABLY WAIVES EACH RIGHT IT MAY HAVE TO A TRIAL BY JURY WITH RESPECT TO, AND IN, ANY ACTION OR OTHER LEGAL PROCEEDING OF ANY NATURE, RELATING TO (A) THIS AGREEMENT (B) ANY TRANSACTION CONTEMPLATED IN THIS AGREEMENT, OR (C) ANY NEGOTIATION, ADMINISTRATION, PERFORMANCE OR ENFORCEMENT OF THIS AGREEMENT, ANY OF THE OBLIGATIONS EVIDENCED HEREBY, ANY COLLATERAL THEREFOR.

 

22.Counterparts: Electronic Transmission.

 

This Agreement may be executed in any number of counterparts, each of which, when so executed, shall be deemed to be an original and all of which, taken together, shall constitute one and the same Agreement. Delivery of any executed counterpart of this Agreement by electronic transmission shall be effective as delivery of a manually executed counterpart hereof. The Parties acknowledge that information and documents relating to this Agreement.

 

[REMAINDER OF PAGE INTENTIONALLY LEFT BLANK;

 

SIGNATURES FOLLOW] 

 

 

 

 

Execution Copy

 

IN WITNESS WHEREOF, intending to be legally bound hereby, the parties hereto have executed this Deposit Account Control Agreement (Exclusive Control) as of the date set forth above.

 

DEBTOR:    
ltamar Medical, Inc.    
    Address for notice:
     
Signature   3290 Cumberland Club Drive
     
    Suite 100
Name    
    Atlanta, GA 30339
   
Title    
    Attention: Shy Basson, CFO
       
Signature   Email:  
       
    Telephone:  
Name    
     
     
Title    
     
     
Signature   c/o ltamar Medical Ltd.
     
    9 Halamish Street, P.O. Box 3579
Name    
    Caesarea 3088900, Israel
     
Title      
    Attention: Shy Basson, CFO
       
Signature   Email:  
       
    Telephone:  
Name      
       
       
Title      

 

  

 

 

CREDITOR:    
Mizrahi Tefahot Bank Ltd.    
    Address for notice:
     
/s/ Guy Ofer Hirshler    
Signature   7 Jabotinsky Street
     
Guy Ofer Hirshler   Ramat Gan, Israel
Name    
     
     
Title      
    Attention: Dani Maor
/s/ Dani Maor      
Signature   Email: Dani maor@umtb.co.il
       
Dani Maor   Telephone:  
Name      
       
Hi-Tech Dpt. Manager      
Title    
     
BANK:    
     
BANK LEUMI USA    
    Address for notice:
     
Signature    
    579 Fifth Avenue
    New York, NY 10017
    Attention:  
Name      
    Facsimile:  
     
Title   Telephone:  
       
       
Signature      
      With a copy to:
      Bank Leumi USA
      350 Madison Avenue
Name     New York, NY 10017
      Attention: Associate
      General Counsel (Lending)
Title     sol.bernstein@leumiusa.com

 

  

 

 

SCHEDULE I

EXCLUDED BANK ACCOUNTS AT BANK

 

Account Type   Account Number
     
1. Certificate of Deposit  
     
2. Payroll Account  

 

  

 

 

EXHIBIT A

NOTICE OF EXCLUSIVE CONTROL

 

Dear Bank Leumi USA:

 

Reference is made to the Deposit Account Control Agreement (Springing) dated as of June__, 2017 (the “Control Agreement”) by and among you, the undersigned, and ltamar Medical, Inc. (the “Debtor”). Terms defined in the Control Agreement and used without other definition herein shall have the respective meanings herein assigned to such terms in the Control Agreement.

 

Pursuant to Section 2.1 of the Control Agreement, you are hereby directed, from and after the date hereof, to execute only instructions originated by Creditor, and not to accept for execution any further entitlement orders originated by Debtor. The Creditor hereby instructs the Bank to comply with no more than two of the Debtor’s written requests within thirty (30) days after the date of this Notice to transfer in each instance an amount not to exceed $250,000 to the Debtor’s payroll account number                       at the Bank.

 

We hereby certify that we have sent or are simultaneously sending a copy of this Notice of Exclusive Control to the Debtor.

 

Very truly yours,    
     
Mizrahi Tefahot Bank Ltd.    
       
By:      
  Signature    
       
       
  Name    
       
       
  Title    

 

Cc: ltamar Medical, Inc.(via email)

  

 

 

Execution Copy

 

EXHIBIT B

CREDITOR ACCOUNT BANK AND CREDITOR ACCOUNT

 

Creditor Bank Name: Mizrahi Tefahot Bank
   
Creditor Bank ABA Number:  
   
Creditor Bank Address: 7 Jabotinsky St. Ramat Gan, Israel
   
Creditor Account Title: HEAD OFFICE EXPENSES
   
Creditor Account Number:
   
Creditor Account Address:  

 

Special instructions/Further Credit Instructions:
 
Please write that it relates to
 
ITAMAR MEDICAL deal.

 

(This may contain reference information to further enable Recipient to apply funds)

 

  

 

 

Schedule G:

UCC Financing Statement

To be provided.

 

  

 

 

Schedule H:

Legal opinion of Guarantor’s Counsel

To be provided.

 

  

 

Schedule I

 

EXCLUDED DEPOSIT ACCOUNTS

 

Bank   Account Type   Account Number
         
1.    Bank Leumi USA   Certificate of Deposit  
         
2.    Bank Leumi USA   Payroll Account  
         
3.    Bank of America*   Economy Checking  
         
4.    Bank of America*   Business Checking  
         
5.    Citizen Bank*   Analysis Business Checking