0001072613-09-001348 Sample Contracts

SUBSIDIARY GUARANTY
Subsidiary Guaranty • September 21st, 2009 • Medis Technologies LTD • Electromedical & electrotherapeutic apparatus • New York
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SECURITY AGREEMENT
Security Agreement • September 21st, 2009 • Medis Technologies LTD • Electromedical & electrotherapeutic apparatus • New York

This SECURITY AGREEMENT, dated as of September 16, 2009 (the “Agreement”) is by and among Medis Technologies Ltd., a Delaware corporation (“Medis”), Medis El Ltd., a corporation formed under the laws of the State of Israel (“Medis El”), More Energy Ltd., a corporation formed under the laws of the State of Israel (“More”), and Iroquois Master Fund Ltd. (“Purchaser”).

Contract
Subscription Agreement • September 21st, 2009 • Medis Technologies LTD • Electromedical & electrotherapeutic apparatus • New York
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