AMENDMENT NO.2 TO PERSONAL EMPLOYMENT
AGREEMENT


 


This AMENDMENT NO.2 TO EMPLOYMENT AGREEMENT
(this “Amendment”) is made effective as of April 1, 2013 (the “Effective Date”), by
and between LabStyle Innovation Ltd., a company organized under the laws of the State of Israel (the “Company”)
and Motty Hershkowitz (the "Employee").


 


		WHEREAS	Employee and Company have entered into a Personal Employment
Agreement dated March 18, 2012, as amended on August 1, 2012 (the "Employment Agreement");
and



 


		WHEREAS	Employee has requested to amend certain terms and conditions set forth in the Employment Agreement
and the Company agreed as set forth herein.



 


NOW, THEREFORE, in consideration
of the respective agreements of the parties contained herein, the parties agree as follows:


 


		1.	Capitalized Terms. Any capitalized terms not defined in this Amendment shall have the meaning
ascribed to it in the Employment Agreement.



 


		2.	Amendments to the Employment Agreement.



 


The following Amendments to
the Employment Agreement shall be effective as of the Effective Date:


 


		2.1	Section 11 to the Employment Agreement (Social Benefits) shall be deleted and replaced in its entirety
to read as follows:



 


“11.Insurance and
Social Benefits. The Company will insure the Employee under a "Manager's Insurance Scheme" and/or a pension plan,
as per the Employee’s request (the "Insurance Scheme") as follows: (i) the Company will pay an amount equal
to 5% (five percent) of the Salary towards a fund for life insurance and pension; (ii) the Company will pay an amount of up to
2.5% (two percent and one half of a percent) of the Salary for a fund for the event of loss of working ability ("Ovdan Kosher
Avoda"); and (iii) the Company will pay an amount equal to 8 1/3% (eight percent and one third of a percent) of the Salary
towards a fund for severance compensation (the "Company’s Severance Contribution"). Similarly, at the beginning
of each month the Company shall deduct from the Salary an amount equal to 5% of the Salary for the preceding month, and shall pay
such amount as premium payable in respect of the provident compensation component of the Insurance Scheme. Additionally, the Company
together with the Employee will maintain an advanced study fund ("Keren Hishtalmut") and the Employee and the
Company shall contribute to such fund an amount equal to 2.5% (two percent and one half of a percent) and 7.5% (seven percent and
one half of a percent) of an amount of NIS 20,000, respectively. All of the Employee's aforementioned contributions shall be transferred
to the above referred to plans and funds by the Company by deducting such amounts from each monthly Salary payment.”


 


		2.2	Section 8 of Exhibit A to the Employment Agreement shall be amended that, as of the
Effective Date, the Employee’s monthly Salary shall be NIS 35,000.



 


		3.	No Other Amendments. Upon the execution hereof, this Amendment shall have the effect of
amending the Employment Agreement only in so far as required to give effect to the provisions herein. Unless otherwise specifically
provided for herein, all other terms and conditions of the Employment Agreement shall remain in full force and effect.



 






    	 



    	 



    

 


		4.	Entire Agreement. Upon execution, this Amendment shall be deemed an integral part of the
Employment Agreement, and the Agreement shall be read as one amended agreement for all purposes.



 


IN WITNESS WHEREOF, the Company
and the Employee have executed this Amendment effective as of the Effective Date.


 





 


	Employee:	 	The Company:
	 	 	 
	/s/ Motty Hershkowitz	 	/s/ Shilo Ben Zeev
	Motty Hershkowitz	 	Labstyle Innovation Ltd.
	 	 	
	 	 	By: 	Shilo Ben Zeev
	 	 	Title:	President