<SEC-DOCUMENT>0001615774-19-009203.txt : 20190604
<SEC-HEADER>0001615774-19-009203.hdr.sgml : 20190604
<ACCEPTANCE-DATETIME>20190604170040
ACCESSION NUMBER:		0001615774-19-009203
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20190529
ITEM INFORMATION:		Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20190604
DATE AS OF CHANGE:		20190604

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			NanoVibronix, Inc.
		CENTRAL INDEX KEY:			0001326706
		STANDARD INDUSTRIAL CLASSIFICATION:	ORTHOPEDIC, PROSTHETIC & SURGICAL APPLIANCES & SUPPLIES [3842]
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-36445
		FILM NUMBER:		19877425

	BUSINESS ADDRESS:	
		STREET 1:		525 EXECUTIVE BLVD
		CITY:			ELMSFORD
		STATE:			NY
		ZIP:			10523
		BUSINESS PHONE:		(914) 233-3004

	MAIL ADDRESS:	
		STREET 1:		525 EXECUTIVE BLVD
		CITY:			ELMSFORD
		STATE:			NY
		ZIP:			10523

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	Nano Vibronix, Inc.
		DATE OF NAME CHANGE:	20111206

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	Nano Vibronix Inc
		DATE OF NAME CHANGE:	20050510
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>s118829_8k.htm
<DESCRIPTION>8-K
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<P STYLE="font: 9.5pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: center"><B>UNITED STATES</B><BR>
<B>SECURITIES AND EXCHANGE COMMISSION</B><BR>
<B>WASHINGTON, D.C. 20549</B></P>

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<P STYLE="font: 9.5pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: center"><B></B></P>

<P STYLE="font: 9.5pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: center"><B>FORM 8-K</B></P>

<P STYLE="font: 9.5pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>CURRENT REPORT</B></P>

<P STYLE="font: 9.5pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>Pursuant to Section 13 or 15(d) of the </B></P>

<P STYLE="font: 9.5pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>Securities Exchange Act of 1934</B></P>

<P STYLE="font: 9.5pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: center"></P>

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<P STYLE="font: 9.5pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: center"></P>

<P STYLE="font: 9.5pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: center">Date of Report (Date of earliest event
reported): May 29, 2019</P>

<P STYLE="font: 9.5pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B><U>NanoVibronix, Inc.</U></B></P>

<P STYLE="font: 9.5pt Times New Roman, Times, Serif; margin: 0; text-align: center"><BR>
(Exact name of registrant as specified in its charter)</P>

<P STYLE="font: 9.5pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>

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        <P STYLE="font: 9.5pt Times New Roman, Times, Serif; margin: 0; text-align: center; border-bottom: Black 0.5pt solid">Delaware</P></TD>
    <TD STYLE="width: 4%; text-align: center">&nbsp;</TD>
    <TD STYLE="width: 32%">
        <P STYLE="font: 9.5pt Times New Roman, Times, Serif; margin: 0; text-align: center; border-bottom: Black 0.5pt solid">001-36445</P></TD>
    <TD STYLE="width: 4%; text-align: center">&nbsp;</TD>
    <TD STYLE="width: 30%">
        <P STYLE="font: 9.5pt Times New Roman, Times, Serif; margin: 0; text-align: center; border-bottom: Black 0.5pt solid">01-0801232</P></TD></TR>
<TR STYLE="vertical-align: top">
    <TD ROWSPAN="2" STYLE="text-align: center"><FONT STYLE="font-size: 9.5pt">(State or other jurisdiction</FONT><BR>
<FONT STYLE="font-size: 9.5pt">of incorporation)</FONT></TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 9.5pt">(Commission File Number)</FONT></TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD ROWSPAN="2" STYLE="text-align: center"><FONT STYLE="font-size: 9.5pt">(IRS Employer</FONT><BR>
<FONT STYLE="font-size: 9.5pt">Identification No.)</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD></TR>
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<P STYLE="font: 9.5pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

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    <TD STYLE="vertical-align: bottom; width: 64%; border-bottom: Black 1pt solid">


        <P STYLE="font: 9.5pt Times New Roman, Times, Serif; margin: 0; text-align: center">525 Executive Boulevard</P>
        <P STYLE="font: 9.5pt Times New Roman, Times, Serif; margin: 0; text-align: center">Elmsford, New York</P>
</TD>
    <TD STYLE="vertical-align: top; width: 6%; text-align: center; text-indent: -6pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; width: 30%">
        <P STYLE="font: 9.5pt Times New Roman, Times, Serif; margin: 0 0 0 6pt; text-align: center; text-indent: -6pt; border-bottom: Black 0.5pt solid">10523</P></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; text-align: center"><FONT STYLE="font-size: 9.5pt">(Address of principal executive offices)</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: center">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: center"><FONT STYLE="font-size: 9.5pt">(Zip Code)</FONT></TD></TR>
</TABLE>
<P STYLE="font: 9.5pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 9.5pt Times New Roman, Times, Serif; margin: 0; text-align: center">Registrant&rsquo;s telephone number, including
area code: (914) 233-3004</P>

<P STYLE="font: 9.5pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>

<P STYLE="font: 9.5pt Times New Roman, Times, Serif; margin: 0; text-align: center"></P>

<TABLE ALIGN="CENTER" CELLSPACING="0" CELLPADDING="0" STYLE="width: 50%; border-collapse: collapse">
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    <TD NOWRAP STYLE="width: 50%; border-top: Black 1pt solid; font: 12pt Times New Roman, Times, Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 9.5pt">(Former name or former address, if changed since last report)</FONT></TD></TR>
</TABLE>
<P STYLE="font: 9.5pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>

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<P STYLE="font: 9.5pt Times New Roman, Times, Serif; margin-top: 0; margin-right: 0; margin-left: 0; text-indent: 27pt"></P>

<P STYLE="font: 9.5pt Times New Roman, Times, Serif; margin-top: 0; margin-right: 0; margin-left: 0; text-indent: 27pt">Check
the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant
under any of the following provisions:</P>

<P STYLE="font: 9.5pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.75in; text-indent: -0.75in"> &#9744;&nbsp;Written communications
pursuant to Rule 425 under the Securities Act (17 CFR 230.425)</P>

<P STYLE="font: 9.5pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.75in; text-indent: -0.75in">&#9744; Soliciting material pursuant
to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)</P>

<P STYLE="font: 9.5pt Times New Roman, Times, Serif; margin: 0 0 12pt 13.5pt; text-indent: -13.5pt">&#9744; Pre-commencement communications
pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))</P>

<P STYLE="font: 9.5pt Times New Roman, Times, Serif; margin: 0 0 0 13.5pt; text-indent: -13.5pt">&#9744; Pre-commencement communications
pursuant to Rule 13e-4 (c) under the Exchange Act (17 CFR 240.13e-4(c))</P>

<P STYLE="font: 9.5pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 9.5pt Times New Roman, Times, Serif; margin: 0">Indicate by check mark whether the registrant is an emerging growth
company as defined in Rule 405 of the Securities Act of 1933 (&sect;230.405 of this chapter) or Rule 12b-2 of the Securities Exchange
Act of 1934 (&sect;240.12b-2 of this chapter).</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 9.5pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">Emerging growth company &#9746;</P>

<P STYLE="font: 9.5pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 9.5pt Times New Roman, Times, Serif; margin: 0">If an emerging growth company, indicate by check mark if the registrant
has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided
pursuant to Section 13(a) of the Exchange Act. &#9744;</P>

<P STYLE="font: 9.5pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Securities registered pursuant to Section 12(b) of the Act:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 31%; text-align: center">Title of each class</TD>
    <TD STYLE="width: 33%; text-align: center">Trading Symbol(s)</TD>
    <TD STYLE="width: 36%; text-align: center">Name of each exchange on which registered</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: center">Common Stock, par value $0.001 per share</TD>
    <TD STYLE="text-align: center">NAOV</TD>
    <TD STYLE="text-align: center">Nasdaq Capital Market</TD></TR>
</TABLE>


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 9.5pt Times New Roman, Times, Serif; margin: 0"></P>

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<P STYLE="font: 9.5pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

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<TD STYLE="width: 0"></TD><TD STYLE="width: 1in"><FONT STYLE="font-size: 10pt"><B>Item 5.02.</B></FONT></TD><TD><FONT STYLE="font-size: 10pt"><B>Departure
                                         of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers;
                                         Compensatory Arrangements of Certain Officers.</B></FONT></TD></TR></TABLE>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-size: 10pt"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-size: 10pt"><B><U>Resignation of Chief Financial
Officer</U></B></FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-size: 10pt"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">On May 29, 2019,
Stephen Brown, Chief Financial Officer of NanoVibronix, Inc. (the &ldquo;<U>Company</U>&rdquo;), tendered his resignation to the
Company&rsquo;s Board of Directors (the &ldquo;<U>Board</U>&rdquo;), effective as of the close of business on May 31, 2019. Mr.
Brown did not resign as a result of any disagreement with the Company on any matter relating to the Company&rsquo;s operations,
policies or practices. It is expected that an affiliate of Mr. Brown and the Company will enter into a consulting agreement, pursuant
to which Mr. Brown will serve as a consultant and will work with the Company&rsquo;s executive management, finance and accounting
teams to ensure an orderly transition of the responsibilities of the Chief Financial Officer.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-size: 10pt"><B><U>Appointment of Chief Financial
Officer</U></B></FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">On May 31, 2019,
the Company appointed Mr. James S. Cardwell as Chief Financial Officer. In connection therewith, the Company entered into a one-year
CFO Consulting Agreement (the &ldquo;<U>Consulting Agreement</U>&rdquo;) with Mr. Cardwell, pursuant to which Mr. Cardwell will
receive $15,000 per year, payable in equal monthly amounts.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">James
Cardwell, age 59, has more than 35 years of experience in, among other things, U.S. Securities and Exchange
Commission (&ldquo;<U>SEC</U>&rdquo;) reporting and compliance, financial reporting and tax research and compliance. Since
July 2015, Mr. Cardwell has served as Chief Operating Officer and Senior Associate of The CFO Squad LLC, a company which
provides chief financial officer support services including, but not limited to, pre-audit services, SEC and tax compliance
and financial reporting services to both international and domestic private and public companies. From August 2018 until
December 2018, Mr. Cardwell served as interim Chief Financial Officer of Newgioco Group, Inc. From January 2018 until May
2018, Mr. Cardwell served as interim Chief Financial Officer of VerifyMe, Inc. Mr. Cardwell graduated from Illinois State
University with a bachelor of science degree in accounting. Upon graduation, Mr. Cardwell began his career at Arthur Andersen
&amp; Co and served as Senior Tax Consultant. For over 30 years, Mr. Cardwell served in various capacities for public and
private companies in the entertainment industry including serving as the Chief Financial Officer of S2BN Entertainment, Inc.;
the Deputy Director of the National Jazz Museum in Harlem, New York; the Chief Financial Officer of Sibling Entertainment,
Inc.; the Chief Executive Officer and director of Good Galaxy Entertainment, Inc.; the Associate Producer of Nunsense
Theatrical Company LP and the founder and President of Cardwell Productions. Mr. Cardwell is a certified public accountant in
the State of New York.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">There is no arrangement
or understanding between Mr. Cardwell and any other persons pursuant to which Mr. Cardwell was selected as an officer.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">There are no
family relationships between Mr. Cardwell and any director, executive officer or person nominated or chosen by the Company to
become a director or executive officer of the Company within the meaning of Item 401(d) of Regulation S-K under the U.S. Securities
Act of 1933 (&ldquo;Regulation S-K&rdquo;).</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0"></P>

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<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">Since the beginning
of the Company&rsquo;s last fiscal year, the Company has not engaged in any transaction in which Mr. Cardwell had a direct or
indirect material interest within the meaning of Item 404(a) of Regulation S-K.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-size: 10pt"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">The
description of the Consulting Agreement does not purport to be complete and is subject to, and qualified in  its entirety by
reference to, the Consulting Agreement, a copy of which is attached hereto as Exhibit 10.1 and is incorporated herein by
reference.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-size: 10pt"><B>&nbsp;</B></FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 1in"><FONT STYLE="font-size: 10pt"><B>Item 9.01</B></FONT></TD><TD><FONT STYLE="font-size: 10pt"><B>Financial
                                         Statements and Exhibits.</B></FONT></TD></TR></TABLE>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 12pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0"></TD><TD STYLE="width: 1in; text-align: center"><FONT STYLE="font-size: 10pt">(d)</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">Exhibits:</FONT></TD>
</TR></TABLE>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 12pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-size: 10pt"><A HREF="s118829_ex10-1.htm">10.1</A></FONT></TD><TD><FONT STYLE="font-size: 10pt"><A HREF="s118829_ex10-1.htm">CFO
                                         Consulting Agreement, dated as of June 1, 2019, between NanoVibronix Inc. and James S.
                                         Cardwell.</A></FONT></TD></TR></TABLE>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>SIGNATURES</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">Pursuant to the requirements
of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"></P>

<TABLE BORDER="0" CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif">
<TR>
    <TD STYLE="vertical-align: top">&nbsp;</TD>
    <TD COLSPAN="3"><B>NanoVibronix, Inc.</B></TD>
</TR>
<TR>
    <TD STYLE="vertical-align: top">&nbsp;</TD>
    <TD COLSPAN="3">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: top; width: 50%">Date: June 4, 2019</TD>
    <TD NOWRAP STYLE="width: 3%">By:&nbsp;</TD>
    <TD STYLE="vertical-align: top; width: 39%; border-bottom: Black 1pt solid">/s/ Brian Murphy</TD>
    <TD STYLE="vertical-align: top; width: 8%"><B>&nbsp;</B></TD>
</TR>
<TR>
    <TD STYLE="vertical-align: top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD COLSPAN="2" STYLE="vertical-align: top">Name: Brian Murphy<BR>Title: Chief Executive
Officer</TD>
</TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;&nbsp;</P>

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<DOCUMENT>
<TYPE>EX-10.1
<SEQUENCE>2
<FILENAME>s118829_ex10-1.htm
<DESCRIPTION>EXHIBIT 10.1
<TEXT>
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<P STYLE="margin: 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="margin: 0"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 1.8pt 0 0; text-align: right"><FONT STYLE="font-size: 10pt"><B>Exhibit
10.1</B></FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 1.8pt 0 0; text-align: center"><FONT STYLE="font-size: 10pt"><B>CFO
CONSULTING AGREEMENT</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 1.8pt 0 0; text-align: justify"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 1.8pt 0 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">CFO
CONSULTING AGREEMENT dated as of June 1, 2019 (this &ldquo;Agreement&rdquo;), between <B>NanoVibronix Inc,</B> a Delaware Corporation,
(the &ldquo;<U>Company</U>&rdquo;), and <B>James S. Cardwell</B> (the &ldquo;<U>Consultant</U>&rdquo;).</FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 1.8pt 0 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">WHEREAS,
the Board of Directors of the Company desires to engage Consultant to provide consulting services, upon the terms and subject
to the conditions hereinafter set forth; and</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 1.8pt 0 0; text-align: justify"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 1.8pt 0 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">WHEREAS,
the Consultant has agreed to provide such consulting services, upon the terms and subject to the conditions hereinafter set forth;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 1.8pt 0 0; text-align: justify"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 1.8pt 0 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">WHEREAS,
the Company has agreed to and entered into a separate consulting service agreement for pre-audit services and SEC compliance services
with <B><U>The CFO Squad LLC dated April 29, 2019</U></B> (the &ldquo;CFO Squad Agreement&rdquo;);</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 1.8pt 0 0; text-align: justify"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 1.8pt 0 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">NOW,
THEREFORE, in consideration of the above premises and for other good and valuable consideration, the receipt and sufficiency of
which hereby are acknowledged, the parties hereto agree as follows:</FONT></P>

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<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-size: 10pt">1.</FONT></TD><TD STYLE="text-align: justify; padding-right: 0.1in"><FONT STYLE="font-size: 10pt"><U>Independent
                                         Consultant.</U> The Company, through the action of its Board of Directors (the &ldquo;<U>Board</U>&rdquo;),
                                         hereby engages the Consultant, and the Consultant will serve the Company, as a consultant.
                                         During the term of this Agreement, the Consultant will serve as the non-employee chief
                                         financial officer (&ldquo;CFO&rdquo;) of the Company on a part-time basis. The Company
                                         confirms that the Consultant has been duly appointed as the CFO of the Company and will
                                         remain as an executive officer of the Company during the term of this Agreement.</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0.1in 0 0; text-align: justify"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-size: 10pt">2.</FONT></TD><TD STYLE="text-align: justify; padding-right: 0.1in"><FONT STYLE="font-size: 10pt"><U>Duties,
                                         Term, and Compensation.</U> The Consultant&rsquo;s duties, term of engagement, compensation
                                         and provisions for payment thereof are detailed in the attached Exhibit A, which may
                                         be amended in writing from time to time by the Consultant and agreed to by the Company,
                                         and which collectively are hereby incorporated by reference.</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 1.8pt 0 0; text-align: justify"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

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<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-size: 10pt">3.</FONT></TD><TD STYLE="text-align: justify; padding-right: 1.8pt"><FONT STYLE="font-size: 10pt"><U>Expenses.
                                         </U>During the term of this Agreement, the Consultant shall bill and the Company shall
                                         reimburse the Consultant for all reasonable and approved out-of-pocket expenses which
                                         are incurred in connection with the performance of the duties hereunder.</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 1.8pt 0 0; text-align: justify"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

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<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-size: 10pt">4.</FONT></TD><TD STYLE="text-align: justify; padding-right: 1.8pt"><FONT STYLE="font-size: 10pt"><U>Confidentiality.
                                         </U>The Consultant acknowledges that during the engagement he will have access to and
                                         become acquainted with various trade secrets, inventions, innovations, processes, information,
                                         records and specifications owned or licensed by the Company and/or used by the Company
                                         in connection with the operation of its business including, without limitation, the Company&rsquo;s
                                         business and product processes, methods, customer lists, accounts and procedures. The
                                         Consultant agrees that he will not disclose any of the aforesaid, directly or indirectly,
                                         or use any of them in any manner, either during the term of this Agreement or at any
                                         time thereafter, except as required in the course of this engagement with the Company.
                                         All files, records, documents, blueprints, specifications, information, letters, notes,
                                         media lists, original artwork/creative, notebooks, and similar items relating to the
                                         business of the Company, whether prepared by the Consultant or otherwise coming into
                                         his possession, shall remain the exclusive property of the Company. The Consultant shall
                                         not retain any copies of the foregoing without the Company&rsquo;s prior written permission.
                                         Upon the expiration or earlier termination of this Agreement, or whenever requested by
                                         the Company, the Consultant shall immediately deliver to the Company all such files,
                                         records, documents, specifications, information, and other items in his possession or
                                         under his control.</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 1.8pt 0 0.25in; text-align: justify"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

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<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-size: 10pt">5.</FONT></TD><TD STYLE="text-align: justify; padding-right: 1.8pt"><FONT STYLE="font-size: 10pt"><U>Conflicts
                                         of Interest; Non-hire Provision.</U> The Consultant represents that he is free to enter
                                         into this Agreement, and that this engagement does not violate the terms of any agreement
                                         between the Consultant and any third party. Further, the Consultant, in rendering his
                                         duties shall not utilize any invention, discovery, development, improvement, innovation,
                                         or trade secret in which he does not have a proprietary interest. During the term of
                                         this agreement, the Consultant shall devote as much of his productive time, energy and
                                         abilities to the performance of his duties hereunder as is necessary to perform the required
                                         duties in a timely and productive manner. The Company acknowledges that this Agreement
                                         only obligates the Consultant to serve a limited percent of his working time with the
                                         Company, that the Consultant has numerous other commitments. <U>The Consultant is expressly
                                         free to perform services for other parties while performing services for the Company
                                         and is permitted to be employed by The CFO Squad LLC.</U></FONT></TD></TR></TABLE>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif"><U>NanoVibronix
Inc and James S. Cardwell Consulting Agreement &ndash; June 1, 2019</U></FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 1.8pt 0 0; text-align: right"></P>

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<TD STYLE="width: 0in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-size: 10pt">6.</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt"><U>Indemnification
                                         and D&amp;O Insurance:</U> The Company agrees to defend, indemnify (including, without
                                         limitation, by providing for the advancement of expenses and reasonable attorneys&rsquo;
                                         fees) and hold harmless the Consultant for any and all acts taken or omitted to be taken
                                         by the Consultant hereunder (except for bad faith, gross negligence or willful misconduct)
                                         as if the Consultant was an officer of the Company as provided in the charter and bylaws
                                         of the Company in accordance with the same terms, conditions, limitations, standards,
                                         duties, rights and obligations as an officer. The provisions of this Section shall survive
                                         any termination of this Agreement. In addition, until the five (5) year anniversary of
                                         the termination or expiration of this Agreement, the Company shall maintain in effect
                                         D&amp;O liability insurance coverage for the Consultant (as an insured person) with respect
                                         to his service under this Agreement, on the same or more favorable terms and conditions
                                         (from the perspective of the Consultant) as under the liability insurance policies of
                                         the Company in effect as of the date of this Agreement.</FONT></TD></TR></TABLE>

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<TD STYLE="width: 0in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-size: 10pt">7.</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt"><U>Merger.
                                         </U>This Agreement shall automatically terminate upon the merger or consolidation of
                                         the Company into or with any other entity.</FONT></TD></TR></TABLE>

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<TD STYLE="width: 0in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-size: 10pt">8.</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt"><U>Termination.
                                         </U>Either party may terminate this Agreement at any time by thirty (30) days written
                                         notice by either party, but shall automatically terminate after thirty (30) days if for
                                         any reason the Company has terminated its CFO Squad Agreement for Pre-Audit Services
                                         and SEC Compliance Services.</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.05in; text-align: justify"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

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<TD STYLE="width: 0in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-size: 10pt">9.</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt"><U>Independent
                                         Consultant.</U> This Agreement shall not render the Consultant an employee, partner,
                                         agent of, or joint venturer with the Company for any purpose. The Consultant is and will
                                         remain an independent Consultant in his relationship to the Company. The Company shall
                                         not be responsible for withholding taxes with respect to the Consultant&rsquo;s compensation
                                         hereunder. The Consultant shall have no claim against the Company hereunder or otherwise
                                         for vacation pay, sick leave, retirement benefits, social security, worker&rsquo;s compensation,
                                         health or disability benefits, unemployment insurance benefits, or employee benefits
                                         of any kind.</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.05in; text-align: justify"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-size: 10pt">10.</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt"><U>Successors
                                         and Assigns.</U> All of the provisions of this Agreement shall be binding upon and inure
                                         to the benefit of the parties hereto and their respective heirs, if any, successors,
                                         and assigns.</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-size: 10pt">11.</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt"><U>Choice
                                         of Law.</U> The laws of the state of New York shall govern the validity of this Agreement,
                                         the construction of its terms and the interpretation of the rights and duties of the
                                         parties hereto.</FONT></TD></TR></TABLE>

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<TD STYLE="width: 0in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-size: 10pt">12.</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt"><U>Arbitration.
                                         </U>Any controversies arising out of the terms of this Agreement or its interpretation
                                         shall be settled in New York, New York in accordance with the rules of the American Arbitration
                                         Association, and the judgment upon award may be entered in any court having jurisdiction
                                         thereof.</FONT></TD></TR></TABLE>

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<TD STYLE="width: 0in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-size: 10pt">13.</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt"><U>Headings.
                                         </U>Section headings are not to be considered a part of this Agreement and are not intended
                                         to be a full and accurate description of the contents hereof.</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

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<TD STYLE="width: 0in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-size: 10pt">14.</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt"><U>Waiver.
                                         </U>Waiver by one party hereto of breach of any provision of this Agreement by the other
                                         shall not operate or be construed as a continuing waiver.</FONT></TD></TR></TABLE>

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<TD STYLE="width: 0in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-size: 10pt">15.</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt"><U>Assignment.
                                         </U>The Consultant shall not assign any of his rights under this Agreement, or delegate
                                         the performance of any of his duties hereunder, without the prior written consent of
                                         the Company.</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

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<TD STYLE="width: 0in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-size: 10pt">16.</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt"><U>Notices.
                                         </U>Any and all notices, demands, or other communications required or desired to be given
                                         hereunder by any party shall be in writing and shall be validly given or made to another
                                         party if personally served, or if deposited in the United States mail, certified or registered,
                                         postage prepaid, return receipt requested. If such notice or demand is served personally,
                                         notice shall be deemed constructively made at the time of such personal service. If such
                                         notice, demand or other communication is given by mail, such notice shall be conclusively
                                         deemed given five days after deposit thereof in the United States mail addressed to the
                                         party to whom such notice, demand or other communication is to be given as follows:</FONT></TD></TR></TABLE>

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<TD STYLE="width: 0.75in"></TD><TD STYLE="width: 2in; text-align: left"><FONT STYLE="font-size: 10pt">If to the Consultant:</FONT></TD><TD><P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-right: 0; margin-bottom: 0"><FONT STYLE="font-size: 10pt">James
                                         S. Cardwell<BR>
                                         3105 Peconic Lane, POB 312</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-right: 0; margin-bottom: 0"><FONT STYLE="font-size: 10pt">Peconic,
NY 11958</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-right: 0; margin-bottom: 0"><FONT STYLE="font-size: 10pt"><U>JCardwell@CFOSquad.com</U></FONT></P>
</TD>
</TR></TABLE>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif"><U>NanoVibronix
Inc and James S. Cardwell Consulting Agreement &ndash; June 1, 2019</U></FONT></P>

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<TD STYLE="width: 0.75in"></TD><TD STYLE="width: 2in; text-align: left"><FONT STYLE="font-size: 10pt">With a courtesy copy to: </FONT></TD><TD><P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-right: 0; margin-bottom: 0"><FONT STYLE="font-size: 10pt">The
                                         CFO Squad LLP<BR>
                                         c/o Joseph Himy, Managing Member</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-right: 0; margin-bottom: 0"><FONT STYLE="font-size: 10pt">46
Main Street, Suite 119</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-right: 0; margin-bottom: 0"><FONT STYLE="font-size: 10pt">Monsey,
NY 10952</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-right: 0; margin-bottom: 0"><FONT STYLE="font-size: 10pt"><U>jhimy@cfosquad.com</U></FONT></P>

</TD>
</TR></TABLE>

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<TD STYLE="width: 0.75in"></TD><TD STYLE="width: 2in; text-align: left"><FONT STYLE="font-size: 10pt"> NanoVibronix Inc</FONT></TD><TD><P STYLE="margin-top: 0; margin-bottom: 0"><FONT STYLE="font-size: 10pt">If to the Company:</FONT></P>
                                                                                <P STYLE="margin-top: 0; margin-bottom: 0">c/o Brian Murphy, CEO</P>
                                                                                <P STYLE="margin-top: 0; margin-bottom: 0">525 Executive Boulevard, Elmsford, N.Y. 10523 </P>
                                                                                <P STYLE="margin-top: 0; margin-bottom: 0"><FONT STYLE="font-size: 10pt"><U>bmurphy@nanovibronix.com</U></FONT></P></TD>
</TR>     <TR STYLE="vertical-align: top">
<TD>&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
<TD>&nbsp;</TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">With a courtesy copy to: </FONT></TD><TD>&nbsp;</TD></TR>
</TABLE>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-size: 10pt">Any party hereto may change its address
for purposes of this paragraph by written notice given in the manner provided above.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

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<TD STYLE="width: 0"></TD><TD STYLE="width: 0.3in"><FONT STYLE="font-size: 10pt">17.</FONT></TD><TD><FONT STYLE="font-size: 10pt"><U>Modification
                                         or Amendment.</U> No amendment, change or modification of this Agreement shall be valid
                                         unless in writing signed by the parties hereto.</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.3in"><FONT STYLE="font-size: 10pt">18.</FONT></TD><TD><FONT STYLE="font-size: 10pt"><U>Entire
                                         Understanding.</U> This document and any exhibit attached constitute the entire understanding
                                         and agreement of the parties, and any and all prior agreements, understandings, and representations
                                         are hereby terminated and canceled in their entirety and are of no further force and
                                         effect.</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.3in"><FONT STYLE="font-size: 10pt">19.</FONT></TD><TD><FONT STYLE="font-size: 10pt"><U>Unenforceability
                                         of Provisions. </U>If any provision of this Agreement, or any portion thereof, is held
                                         to be invalid and unenforceable, then the remainder of this Agreement shall nevertheless
                                         remain in full force and effect.</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-size: 10pt">IN WITNESS WHEREOF the undersigned
have executed this Agreement as of the day and year first written above. The parties hereto agree that facsimile signatures shall
be as effective as if originals.<B>&nbsp;</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-size: 10pt"><B></B></FONT></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 3%">&nbsp;</TD>
    <TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 40%">&nbsp;</TD>
    <TD STYLE="width: 10%">&nbsp;</TD>
    <TD STYLE="width: 3%">&nbsp;</TD>
    <TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 39%">&nbsp;</TD>
    <TD STYLE="width: 1%">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD COLSPAN="3"><B>NanoVibronix Inc</B></TD>
    <TD>&nbsp;</TD>
    <TD COLSPAN="3"><B>James S. Cardwell</B></TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>By:</TD>
    <TD STYLE="border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid">/s/ Brian Murphy</TD>
    <TD>&nbsp;</TD>
    <TD>By:</TD>
    <TD STYLE="border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid">/s/ James S. Cardwell</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD COLSPAN="2">Brian Murphy, CEO</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD COLSPAN="2" NOWRAP>Date:&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid">June 1, 2019</TD>
    <TD>&nbsp;</TD>
    <TD COLSPAN="2" NOWRAP>Date:&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid">JUNE 1, 2019&nbsp;&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
</TABLE>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-size: 10pt"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif"><U>NanoVibronix
Inc and James S. Cardwell Consulting Agreement &ndash; June 1, 2019</U></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-size: 10pt"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><FONT STYLE="font-size: 10pt"><B>SCHEDULE A</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><FONT STYLE="font-size: 10pt"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><FONT STYLE="font-size: 10pt"><B>DUTIES, TERM,
AND COMPENSATION</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1in; text-align: justify; text-indent: -1in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

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<TD STYLE="width: 0"></TD><TD STYLE="width: 1in"><FONT STYLE="font-size: 10pt">DUTIES:</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">The
                                         Consultant will perform all duties typically required of a Chief Financial Officer, including,
                                         but not limited to accounting oversight for the preparation of quarterly and annual financial
                                         statements to be filed with the SEC, filings required on Forms 8-K, 10-Q and 10-K and
                                         such other filings as may be required that are prepared by The CFO Squad LLC pursuant
                                         to CFO Squad Agreement with NanoVibronix Inc&rsquo;s independent public accountants with
                                         respect to quarterly reviews and annual audits.</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1in; text-align: justify"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1in; text-align: justify"><FONT STYLE="font-size: 10pt">He will
report directly to Brian Murphy, CEO and to any other party designated by Brian Murphy in connection with the performance of the
duties under this Agreement and shall fulfill any other duties reasonably requested by the Company and agreed to by the Consultant.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1in; text-align: justify"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1in; text-align: justify"><FONT STYLE="font-size: 10pt">The
Company will accept and maintain all responsibility for its day-to-day accounting and bookkeeping functions and the Company and
its subsidiaries and further warrants that it is in full compliance with any and all its corporate income taxes and/or payroll
tax requirement and/or filings and will continue to provide for and will timely make any and all future tax payments required
by the Company and/or its subsidiaries.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1in; text-align: justify; text-indent: -1in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

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<TD STYLE="width: 0"></TD><TD STYLE="width: 1in"><FONT STYLE="font-size: 10pt">TERM:</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">This
                                         engagement shall commence upon execution of this Agreement and shall continue in full
                                         force and effect for a period of one (1) year. The agreement may only be extended thereafter
                                         by mutual agreement, unless terminated earlier by operation of and in accordance with
                                         this Agreement. This Agreement will automatically terminate if for any reason the CFO
                                         Squad Agreement is terminated, or expires without renewal and/or upon termination, lapse
                                         or failure to obtain and/or maintain the Company&rsquo;s D&amp;O insurance policy.</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-size: 10pt">&nbsp;&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-size: 10pt">COMPENSATION:</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1in; text-align: justify"><FONT STYLE="font-size: 10pt">As compensation
for the services rendered pursuant to this Agreement, Company shall pay Consultant a minimum of <B>Twelve Hundred Fifty ($1,250)
dollars</B> upon signing and for each every per month for up to <B><U>five (5)</U></B> hours thereafter payable on the first business
day of each month provided the Company has engaged and continues to engage The CFO Squad LLC under the CFO Squad Agreement to
provide Pre-Audit Services and SEC Compliance services. Any additional hours in excess of five (5) hours during any single month,
if any, shall be included, billed separately either 1) billed and paid pursuant to the CFO Squad Agreement if incurred on a weekday
during normal working business hours, or 2) billed separately by the Consultant if incurred during any other time of day or week.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1in; text-align: justify"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>



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