0001144204-16-106016 Sample Contracts

GALMED PHARMACEUTICALS Ltd. Ordinary Shares (par value NIS 0.01 per share) Controlled Equity OfferingSM Sales Agreement
Sales Agreement • June 1st, 2016 • Galmed Pharmaceuticals Ltd. • Pharmaceutical preparations • New York

Galmed Pharmaceuticals Ltd., a corporation formed under the laws of the State of Israel (the “Company”), confirms its agreement (this “Agreement”) with Cantor Fitzgerald & Co. (the “Agent”), as follows:

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