Exhibit 10.44


 


102 Award Agreement


 


Award Agreement


 


This Award Agreement (the “Award Agreement”)
is made as of ________, 201_ (the "Date of Grant") by and between:


 


		1.	Nano Vibronix Inc., a Delaware corporation (the "Company"); and



 


		2.	_________________________________________, an Israeli resident holding identity card number
____________ residing at ___________________, Israel (the "Participant").



 


(each of the Company and the Participant
shall be referred to as "Party", and collectively, the "Parties")


 


WHEREAS, the Company has adopted that
certain 2014 Long-Term Incentive plan (the "Plan") and the Israeli Appendix to the Plan (the "Appendix");
and


 


WHEREAS, on __________
the Administrator of the Company has resolved to grant the Participant ________ Stock Options, each to purchase one (1) share of
Common Stock of the Company, par value of USD 0.001 each (the “Stock Options”), at an exercise price
per share of Common Stock of USD ______ (the "Exercise Price"); and


 


WHEREAS, the Participant wishes to accept
the abovementioned grant of the Stock Options in accordance with the terms and conditions specified in the Plan, the Appendix and
this Award Agreement hereunder;


 


NOW, THEREFORE, the Parties agree as follows:


 


		1.	Interpretation. Any capitalized term not specifically defined in this Award Agreement shall
have the meaning ascribed thereto in the Plan, the Appendix, Section 102 as defined herein, the Company’s Articles of constituting
documents in effect from time to time and in any other document to which reference may be made in any of the above.



 


		2.	The Stock Options and shares of Common Stock resulting from their exercise and any additional rights,
which may be distributed to the Participant in connection with the Stock Options (“Additional Rights”), shall
be allocated on its behalf to _______ (the “Trustee”), subject to the Plan, the Appendix, the Trust Agreement
signed between the Company and the Trustee (the “Trust Agreement”), this Award Agreement and Section 102 of
the Israeli Income Tax Ordinance [New Version], 5763-1961 (the "Ordinance"), the Income Tax Regulations (Tax Relieves
in Allocation of Shares to Employees), 5763-2003 and the rules and regulations promulgated thereunder (“Section 102”).
Collectively, the shares of Common Stock and the Additional Rights shall be referred to as the “Shares”.



 


		3.	The Stock Options and Shares are granted to the Participant and allocated to the Trustee according
to the provisions of Section 102, the Plan, the Appendix and the Trust Agreement, all being attached hereto as Exhibit A
and made an integral part of this Award Agreement. The Stock Options and Shares allocated on the Participant's behalf to the Trustee
shall be subject to all the provisions and limitations of Section 102.



 


		4.	Unless otherwise determined by the Administrator, all Stock Options granted to the Participant
hereunder shall, subject to the Participant's continued employment with the Company or its Affiliates, or continued service as
an Office Holder, become vested and exercisable in accordance with the vesting schedule detailed below. The Stock Options shall
vest over a period of   years, commencing on ________ (the "Vesting Commencement Date"), as follows: _______
Stock Options shall vest upon the lapse of the first anniversary of the Vesting Commencement Date (i.e., ________) and thereafter,
the remaining ________ Stock Options shall vest on a three-month basis (until the fourth anniversary of the Vesting Commencement
Date). The following table reflects the aforesaid vesting schedule:



 




    	 



    	 



    

  


102 Award Agreement


 


	Number of Stock Options	 	Vesting Date
	 	 	 
	 	 	 
	 	 	 
	 	 	 


 


		5.	Method of Exercise. The Participant may exercise all or part of any Stock Options (but not
for fractional shares of Common Stock) that have, at the time of such exercise, vested in accordance with the foregoing vesting
schedule, by delivery of a written exercise notice to the Company (the "Exercise Notice"). The Exercise Notice
shall set forth the number of shares of Common Stock with respect to which the Stock Options are to be exercised in the form attached
as Exhibit B to this Award Agreement, and such other representations and agreements as may be reasonably required
by the Company for such purpose. In addition to the foregoing, the Participant hereby agrees and undertakes to sign any and all
documents that may be required by Applicable Law and/or by the Trustee for the purpose of exercising the Stock Options. In order
for the Exercise Notice to become effective, the Exercise Notice must be accompanied by: (1) payment of the consideration with
in an amount equal to the total Exercise Price for the shares of Common Stock to be purchased, which may be provided in any one
or more of the ways specified in Section 8.3(b) of the Plan, and (2) payment of the aggregate withholding taxes due with respect
to the exercised shares of Common Stock, if applicable. Stock Options shall be deemed to be exercised two (2) business days following
receipt by the Company of such fully executed Exercise Notice accompanied by the Exercise Price and withholding taxes due with
respect to the exercised shares of Common Stock, if applicable, all as set forth herein (the "Exercise Date").
For the avoidance of doubt, the Participant may not exercise any Stock Options prior to the full payment of the relevant tax liabilities
arising from those Stock Options.



 


		6.	No shares of Common Stock shall be issued pursuant to the exercise of a Stock Option unless such
issuance and such exercise comply with Applicable Law. If any Applicable Law or regulation requires the Company to take any action
with respect to the shares of Common stock specified in such Exercise Notice before the issuance thereof, then the date of their
issuance shall be extended for the period necessary to take such action.



 




    	 



    	 



    

  


102 Award Agreement


 


		7.	Notification to Trustee. The Company will notify the Trustee of any exercise by the Participant
of all or part of its Stock Options as set forth in the Exercise Notice(s). If the exercise and such notification are delivered
during the Restricted Period, the shares of Common Stock issued upon the exercise of the Stock Option shall be issued directly
to the Trustee, and shall be held by the Trustee in trust on the Participant's behalf. In the event that such exercise and notification
are delivered after the Restricted Period, the shares of Common Stock issued upon the exercise of the Stock Option shall be transferred
either to the Trustee or to the Participant directly, at the Participant's election, provided however, that in the event the Participant
elects to receive the shares of Common Stock directly to his possession, the transfer thereof shall be subject to its payment of
the applicable taxes it may be liable to pay according to Applicable Law.



 


		8.	Voting Rights. Pursuant to the terms set forth in the Plan, the Appendix, and, when applicable,
subject to the provisions of Section 102, any Shares granted or issued upon exercise of Stock Options, shall be voted only following
registration of the Participant or the Trustee (as the case may be), as a stockholder in the stock ledger of the Company.



 


		9.	Approval of the Participant. The Participant confirms as follows:



 


		9.1.	It has read the Plan and the Appendix and understands and accepts their terms and conditions. It
is aware of the fact that the Company agrees to grant it the Stock Options and/or Shares based on its confirmations contained herein;
and further represents that it understands and undertakes to comply with all of the provisions of the Plan and Appendix.



 


		9.2.	It understands the provisions of Section 102 and the applicable tax track of this grant of Stock
Options and/or Shares.



 


		9.3.	It agrees to the terms and conditions of the Trust Agreement.



 


		9.4.	Subject to the provisions of Section 102, it confirms that it shall not sell nor transfer the Stock
Options and/or Shares from the Trustee until the end of the Restricted Period.



 


		9.5.	If it shall sell or withdraw the Shares from the Trustee and the trust thereunder before the end
of the Restricted Period (a “Violation”), either: (A) it shall fully reimburse the Company, within three (3)
days of its first demand, for the employer portion of the payment by the Company to the National Insurance Institute plus linkage
and interest in accordance with Applicable Law, as well as any other expense that the Company shall have to bear as a result of
the said Violation, or; (B) the Company may, in its sole discretion, deduct the foregoing amounts directly from any monies to be
paid to the Participant.



 


		9.6.	It understands that this grant of Stock Options is conditioned upon the receipt of all required
approvals from the Israeli Tax Authority.



 


		9.7.	It hereby acknowledges and agrees that this Award Agreement, the transactions contemplated hereunder
and the vesting schedule set forth herein do not constitute an express or implied promise of continued employment with, or service
of, the Company or its Affiliates and shall not interfere in any way with its right or the Company's or its Affiliates’ right
to terminate its employment or service at any time.



 


		9.8.	It hereby acknowledges and agrees that the Company may assign any of its rights under this Award
Agreement to a single or multiple assignees, and this Award Agreement shall inure to the benefit of the successors to, and assigns
of, the Company. Subject to the restrictions on transfer set forth herein and in the Plan and Appendix, this Award Agreement shall
be binding upon Participant and its heirs, executors, successors and assigns.



 


		9.9.	It hereby confirms that it read this Award Agreement thoroughly, received all the clarifications
and explanations it has requested, and understands the contents of this Award Agreement and the obligations it undertakes in signing
it.



 




    	 



    	 



    

  


102 Award Agreement


 


		9.10.	PARTICIPANT ACKNOWLEDGES THAT IT IS FAMILIAR WITH THE ENGLISH
LANGUAGE AND DOES NOT REQUIRE TRANSLATION OF THIS AGREEMENT AND ANY ANNEXED DOCUMENTS TO ANY OTHER LANGUAGE. IT FURTHER ACKNOWLEDGES
THAT IT HAS BEEN ADVISED BY THE COMPANY THAT IT MAY CONSULT AN ATTORNEY BEFORE EXECUTING THIS AGREEMENT AND THAT IT HAS BEEN AFFORDED
AN OPPORTUNITY TO DO SO.



 


			המשתתף, מקבל האופציות
ו/או המניות, מצהיר/ה בזאת
כי השפה האנגלית מוכרת
לו וכי אינו זקוק/ה לתרגום
של הסכם זה והמסמכים המצ"ב
לשפה אחרת. הוא גם מצהיר/ה
ומודיע/ה כי הומלץ בפניו
על ידי החברה לקבל ייעוץ
משפטי בקשר להסכם זה בטרם
החתימה עליו וכי ניתנה
לו הזדמנות נאותה לעשות
כן.



 


		10.	In the event of a conflict between the terms and conditions of the Plan and this Award Agreement,
other than with respect to the vesting schedule and Exercise Price, the terms and conditions of the Plan shall prevail. In the
event of a conflict between the terms and conditions of the Plan and this Award Agreement vis-à-vis the Trust Agreement,
then the provisions of this Trust Agreement shall prevail and take precedence. If there is a conflict between the terms of the
Plan and any provision of the Ordinance, then the provisions of the Ordinance shall govern and prevail. A copy of the Trust Agreement
is attached hereto as Exhibit C.



 


IN WITNESS WHEREOF, the Parties hereto have
executed this Award Agreement as of the Date of Grant.


 


	 	 	 
	Nano Vibronix Inc.	 	Printed Name of Participant
	 	 	 
	
        Name:__________________

        Title:___________________

        Date:___________________ 
	 	 


 


Attachments: 


		§	Exhibit A: Nano Vibronix Inc. 2014 Long-Term Incentive Plan and 2014 Israeli Appendix



		§	Exhibit B: Notice of Exercise



		§	Exhibit C: Trust Agreement



 




    	 



    	 



    

 


102 Award Agreement


 


Exhibit
A


 


Nano
Vibronix Inc.


2014
Long-Term Incentive Plan


Israeli
Appendix







    	 



    	 



    




 


102 Award Agreement


 


Exhibit
B


 


Notice
Of Exercise 


 


Nano Vibronix Inc.


105 Maxess Road, Suite S124


Melville, NY 11747


USA


Attention: Chief Executive Officer


 


		1.	Exercise of Stock Option. Effective as of today, I, __________________, the undersigned hereby elect to exercise my
option to purchase_______ shares of Common Stock under and pursuant to the 2014 Long-Term Incentive Plan and the Israeli Appendix
attached thereto (the "Plan" and "Appendix", respectively) and the Award Agreement dated _______________.



 


		2.	Delivery of Payment. I herewith deliver to the Company the amount of USD _____, constituting
the full Exercise Price of the Stock Options and/or Shares being exercised under this Notice of Exercise, as set forth in the Award
Agreement. Furthermore, to the extent not already settled, I am attaching full payment of my relevant tax liabilities arising from
those Stock Options and/or shares of Common Stock which were granted to me and any shares of Common Stock issued upon the exercise
of all or part of any Stock Options.



 


		3	Rights as Stockholder. Until the issuance of the shares of Common Stock (as evidenced by
the appropriate entry on the books of the Company or of a duly authorized transfer agent of the Company), no right to receive dividends
or any other rights as a stockholder shall exist with respect to the shares of Common Stock. The shares of Common Stock shall be
issued to me as soon as practicable after the Stock Option is exercised. No adjustment shall be made for a dividend or other right
for which the record date is prior to the date of issuance except as provided in the Plan and Appendix.



 


		4	Tax Consultation. I understand that I may suffer adverse tax consequences as a result of
the purchase or disposition of the shares of Common Stock. I hereby represent that I had ample opportunity to consult with a tax
consultant of my choice in connection with the purchase or disposition of the shares of Common Stock being exercised hereunder
and that I am not relying on the Company or any Affiliate of the Company for any tax advice.



 


		5	Additional Representations. I hereby acknowledge that I have been informed as follows:



 


		5.1	Nothing herein shall obligate the Company to register its shares of Common stock or any portion
of its shares of Common Stock on any stock exchange.



 


		5.2	The terms of Section 102 of the Israeli Income Tax Ordinance [New Version], 5721-1961 including
all rules and regulations promulgated thereunder ("Section 102") shall apply to the purchased shares of Common
Stock.



 




    	 



    	 



    

 


102 Award Agreement


 


		5.3	I am prohibited from selling, assigning, pledging or otherwise disposing the Stock Options and
shares of Common Stock as further set forth in the Plan and Appendix. Without derogating from the foregoing, I am prohibited from
selling or removing from the Trustee the shares of Common Stock granted to me prior to the end of Restricted Period as defined
in the Appendix.



 


		5.4	I am aware of the directives set forth in Section 102, and of the tax track that was chosen under
Section 102 and the implications of such tax track on me.



 


[signature
page follows]


 




    	 



    	 



    

 


102 Award Agreement


  


Signature Page of Notice of Exercise of
Stock Options


 


	Participant	 	Company
	 	 	 
	Acknowledged, understood and agreed:	 	 Nano Vibronix Inc.
	 	 	 
	 	 	 
	[Signature of Participant]	 	[Signature]
	 	 	 
	 	 	 
	[Printed Name of Participant]	 	[Printed Name of Signatory]
	 	 	 
	 	 	 
	[Address of Participant]	 	[Title of Signatory]
	 	 	 
	 	 	 
	[Date Received by Participant]	 	[Date signed by Company]


 




    	 



    	 



    

  


102 Award Agreement


 


Exhibit
C


 


Trust
Agreement