Patent License Agreement Termination Letter between Medigus Ltd. and ScoutCam Ltd.

Summary

This letter confirms that the Patent License Agreement dated December 1, 2019, between Medigus Ltd. and ScoutCam Ltd. is officially terminated and considered null and void as of July 27, 2020. The termination is related to the closing of a securities purchase agreement involving ScoutCam Inc. and M. Arkin (1999) Ltd. Both Medigus Ltd. and ScoutCam Ltd. have agreed to and acknowledged the termination in writing.

EX-10.31 5 ex10-31.htm

Exhibit 10.31

To:

ScoutCam Ltd. (the “Company”)

July 27, 2020

Re: Patent License Agreement Termination

For the sake of good order and in connection with the closing of a certain securities purchase agreement (the “Purchase Agreement”) by and between the Company’s parent company, ScoutCam Inc. and M. Arkin (1999) Ltd., this is to confirm that, by virtue of executing this letter, the Patent License Agreement, dated as of December 1, 2019 by and between the Company and Medigus Ltd., attached hereto as Schedule I, is null and void for all intents and purposes as of the date hereof.

Sincerely yours,

MEDIGUS LTD.

	Name:	/s/ Liron Carmel /s/ Tatiana Yosef
	Title:	CEO / CFO

AGREED AND ACKNOWLEDGED:

SCOUTCAM LTD.

	Name:	/s/ Benad Goldwasser /s/ Yaron Silberman
	Title:	Chairman / CEO