EX-10.16 2 ea175639ex10-16_gmedical.htm FINANCING COMMITMENT EXTENSION LETTER TO THE BOARD OF DIRECTORS OF THE COMPANY FROM DR. YACOV GEVA, DATED MARCH 24, 2023

Exhibit 10.16

 

G- Medical Innovations Holdings LTD

 

March 24th, 2023

 

Management of the board of Directors

 

Dear Sir,

 

As the CEO and controlling shareholder of G-Medical innovations Holdings LTD, I hereby approve my extension commitment to finance the Company's operations for 12 months from this letter up to April 30th, 2024, provided and as long as, I am a controlling shareholder and / or the company cannot be finance externally from any other sources and/ or until a sum of $10 million be received in the Company for its operations this year, whichever is earlier.

 

Very truly yours,

 

/s/ Dr. Yacov Geva  
Dr. Yacov Geva