Document:

Exhibit
10.20.1

 

IL
Employee and Director RSU

 

REWALK
ROBOTICS LTD.

2014
INCENTIVE COMPENSATION PLAN

 

Notice
of Restricted Stock Unit Grant- Section 102 Capital Gain Route

 

		Participant:	[Name]

 

		Company:	ReWalk
                                         Robotics Ltd.

 

		Notice:	You
                                         have been granted the following Restricted Stock Units (the “RSU/s”)
                                         in accordance with the terms of the Plan, this Notice of Restricted Stock Unit Grant
                                         and the Restricted Stock Unit Award Agreement attached hereto as Schedule A (this
                                         Notice of Restricted Stock Unit Grant, together with the Restricted Stock Unit Award
                                         Agreement, this “Agreement”), contingent upon your payment of NIS
                                         0.01 for each Restricted Stock Unit (Par Value) within 30 days of such Restricted Stock
                                         Unit vesting.

 

		Type
                          of Award:	Restricted
Stock Units under Section 102(b)(2) of the Israeli tax Ordinance (Capital Gains Route).

 

		Plan:	ReWalk
                                         Robotics Ltd. 2014 Incentive Compensation Plan

 

		Grant:	Date
of Grant:
		 	Total
Number of Shares Underlying Restricted Stock Units:

 

		Period
                          of Restriction:	Subject
to the terms and conditions of the Plan and those of this Agreement, the Period of Restriction applicable to the Total Number
of Shares Underlying Restricted Stock Units shall commence on the Date of Grant and shall lapse on the dates listed below as to
the percentages of the Total Number of Shares Underlying Restricted Stock Units set forth opposite each such date.

 

	Date	 	Number	 
	 	 	 	       	 
	 	 	 	 	 
	 	 	 	 	 
	 	 	 	 	 
	Total	 	 	 	 

 

    	 	1	 

     

    

 

Special
Terms:

 

		Acknowledgement
                          and Agreement:	The
undersigned Participant acknowledges receipt of, and understands and agrees to, the terms and conditions of this Agreement, the
Trust Deed and the Plan, and declares that he or she is familiar with the provisions of Section 102 and the Capital Gains Route.
The Participant hereby undertakes not to sell or transfer the RSUs and/or the underlying Shares prior to the lapse of the Trust
Period (as defined below), unless he or she pays all taxes, which may arise in connection with such sale and/or transfer.

 

	PARTICIPANT	 
	 	 	 
	Name:		 
	Date:		 
	 	 	 
	REWALK
    ROBOTICS LTD.	 
	 	 
	Larry
    Jasinski	 
	Chief
    Executive Officer	 

 

	 	 
	Signing
    Manager:		 
	Title:	 	 
	Date
    of signature:		 

 

Attached:

Schedule
A - Capital Gains Route Stock Restricted Stock Unit Award Agreement

Schedule B - Trust Deed

 

    	 	2	 

     

    

 

Capital
Gains Route Restricted Stock Unit Award Agreement -- Schedule A

 

REWALK
ROBOTICS LTD. 2014 INCENTIVE COMPENSATION PLAN

 

Capital
Gains Route Restricted Stock Unit Award Agreement

Under
Section 102(b)(2) of the Israeli Income Tax Ordinance [New Version], 1961

 

This
Restricted Stock Unit Award Agreement, dated as of the Date of Grant set forth in the Notice of Restricted Stock Unit Grant (the
“Grant Notice”) to which this Restricted Stock Unit Award Agreement is attached as Schedule A, is made
between ReWalk Robotics Ltd. and the Participant set forth in the Grant Notice. The Grant Notice is included in and made part
of this Agreement.

 

1. Definitions. Capitalized
terms used but not defined herein have the meanings set forth in the Plan.

 

2. Grant
of the Restricted Stock Units. Subject to the provisions of this Agreement and the provisions of the Plan, the Company
hereby grants to the Participant, pursuant to the Plan, the number of Restricted Stock Units set forth in the Grant
Notice.

 

3. Period
of Restriction. The Period of Restriction with respect to the Restricted Stock Units shall commence and lapse as set forth
in the Grant Notice. All Restricted Stock Units as to which the Period of Restriction has not lapsed prior to the date of the
Participant’s Termination shall be immediately forfeited upon such date.

 

4. Settlement
of Restricted Stock Units. As soon as reasonably practicable following the lapse of the applicable portion of the Period of
Restriction, but in no event later than 15 days following the date of such lapse, the Company shall cause to be delivered to the
Participant, in full settlement and satisfaction of the Restricted Stock Units as to which such portion of the Period of Restriction
has so lapsed the full number of Shares underlying such Restricted Stock Units.

 

5. Change
of Control. Notwithstanding any other provision of this Agreement, the Restricted Stock Units shall be subject to the Change
of Control provisions set forth in Article XIV of the Plan.

 

6.
Taxes. Upon settlement of the Restricted Stock Units, or as of any other date on which the value of any Restricted Stock
Units otherwise becomes includible in the Participant’s gross income for tax purposes and/or social security purposes, the
Participant shall pay to the Company or its Affiliate in cash, or make other arrangements satisfactory to the Committee for the
satisfaction of, any taxes of any kind and social security payments payable or required by law to be withheld with respect to
such Restricted Stock Units; provided, however, that pursuant to any procedures, and subject to any limitations,
as the Committee may prescribe, and subject to applicable law, the Company may, in its discretion, cause such withholding obligations
to be satisfied in whole or in part by withholding Shares or cash otherwise deliverable or payable to the Participant pursuant
to this Agreement in accordance with Article XVI of the Plan. The Company or an Affiliate may, in the discretion of the Committee,
provide for alternative arrangements to satisfy applicable tax withholding requirements in accordance with Article XVI of the
Plan. Regardless of any action the Company or any Affiliate takes with respect to any or all tax withholding (including any social
security contributions) obligations, the Participant acknowledges that the ultimate liability for all such taxes is and remains
the Participant’s responsibility, and that the Company does not: (i) make any representations or undertakings regarding
the treatment of any tax withholding in connection with any aspect of the Restricted Stock Units, including the grant or vesting
thereof, the subsequent sale of Shares and the receipt of any dividends; or (ii) commit to structure the terms of the Restricted
Stock Units or any aspect of the Restricted Stock Units to reduce or eliminate the Participant’s liability for such tax.

 

    	 	3	 

     

    

 

7.
Section 102 of the Israeli Income Tax Ordinance and its Rules. This Agreement is subject to the provisions of Section 102
of the Israeli Income Tax Ordinance [New version], 1961 (the “Ordinance” and “Section 102”,
respectively), as well as the Income Tax Rules (Tax Relief in Issuance of Shares to Employees), 2003 (the “102 Rules”),
promulgated thereunder.

 

Accordingly,
the Company elected the Capital Gains Tax Route in Section 102(b)(2) of the Ordinance (the “Capital Gains
Route”) for the purpose of the taxation of Participant’s income from the Restrcited Stock Units and
underlying Shares. In general, taxable income that should be attributed to the Participant as a result of the grant of the
Restricted Stock Units and realization of the underlying Shares will be tax-free on the date of grant, but will be taxed on
the sale of Shares issued upon settlement of the Restricted Stock Units (“Exercised Shares”) or transfer
of Exercised Shares from the Trustee (a “Transfer”). In accordance with the Capital Gains Route, if the
Restricted Stock Units or the Exercised Shares are held in trust by the Trustee for the applicable period of time (see
Section 8 below), currently two years from the date this letter is deposited with a trustee (the “Trust
Period”), gains derived from the sale of Exercised Shares shall be classified as capital gains and taxed at a rate
of only 25%; except for the benefit afforded to the Participant on the date of grant, which shall be taxed (on the
date of sale or Transfer of the Exercised Shares) as a ordinary income and shall be subject to tax at marginal tax rates
(up to 50% in 2015, including 2% “High Income Tax”) plus social security and national health insurance
payments (with respect to Shares of public companies only).

 

At
the time of sale of the Exercised Shares or a Transfer, the Participant shall be subject to tax, which will be calculated, in
general, according to the market price (or the actual sale price) of the Exercised Shares at such time. Such tax shall be withheld
at source by the Company, in accordance with the provisions of the 102 Rules, and the Transfer of Exercised Shares to the Participant
is conditioned upon the payment of such tax.

 

The
Participant shall not be entitled to sell the Exercised Shares or to execute a Transfer, prior to the lapse of the Trust
Period. Furthermore, any and all rights issued in respect of the Exercised Shares, including bonus shares but excluding cash
dividends (“Rights”(, shall be deposited with the Trustee and held thereby until the lapse of the Trust
Period, and such Rights shall be subject to the Capital Gains Route. Notwithstanding the aforesaid, the Participant may
sell Exercised Shares or Rights or execute a Transfer prior to the lapse of the Trust Period, provided, however, that tax
is withheld at source by the Company in accordance with the 102 Rules. In such case, the Participant’s gains shall be classified
as ordinary income and he or she, shall be subject to tax on such income at marginal tax rates (up to 50% in 2015, including
2% “High Income Tax”) plus social security and national health insurance payments.

 

	PARTICIPANT IS ADVISED TO CONSULT WITH HIS/HER OWN TAX ADVISOR WITH

 RESPECT TO THE TAX CONSEQUENCES OF RECEIVING AND EXERCISING HIS/HER 

RESTRICTED
STOCK UNITS OR OF DISPOSING OF HIS/HER SHARES.

 

8.
Trust. To secure performance of tax law requirements, the Restricted Stock Units awarded to the Participant according to
this Agreement will be held in trust by the Trustee that was approved for this purpose by the Israeli Tax Authority, who shall
release the underlying Exercised Shares to the Participant only upon full compliance with the legal requirements and the terms
of the Plan. For this purpose, a Trust Deed was signed between the Company and the Trustee, a copy of which is attached hereto
as Schedule B. The conditions of the Trust Deed apply to the Restricted Stock Units; thus, the Participant is required
to carefully read the provisions of the said Trust Deed.

 

9. No
Rights as a Shareholder Prior to Issuance of Shares. Neither the Participant nor any other person shall become the beneficial
owner of the Shares underlying the Restricted Stock Units, nor have any rights to dividends or other rights as a shareholder with
respect to any such Shares, until and after such Shares, if any, have been actually issued to the Participant and transferred
on the books and records of the Company or its agent in accordance with the terms of the Plan and this Agreement.

 

 

		2	The
above tax description is a general summary only and does not refer to expenses involved with the settlement of the Restricted
Stock Units and sale of Exercised Shares or changes in the Israeli Consumer Price Index, which may impact the final tax calculation.

 

    	 	4	 

     

    

 

10. Nontransferability.
The Restricted Stock Units shall not be transferable otherwise than by will or the laws of descent and
distribution.

 

11. No
Right to Continued Employment. Neither the Restricted Stock Units nor any terms contained in this Agreement shall confer upon
the Participant any rights or claims except in accordance with the express provisions of the Plan and this Agreement and shall
not give the Participant any express or implied right to be retained in the employment or service of the Company or any Affiliate
for any period, or in any particular position or at any particular rate of compensation, nor restrict in any way the right of
the Company or any Affiliate, which right is hereby expressly reserved, to modify or terminate the Participant’s employment
or service, in each case, at any time for any reason, subject to any legal and contractual conditions. The Participant acknowledges
and agrees that any right to lapse of the Period of Restriction is earned only by continuing as an employee of the Company or
an Affiliate at the will of the Company or such Affiliate and satisfaction of any other applicable terms and conditions contained
in the Plan and this Agreement, and not through the act of being hired or being granted the Restricted Stock Units hereunder.

 

12. The
Plan. By accepting any benefit under this Agreement, the Participant and any person claiming under or through the Participant
shall be conclusively deemed to have indicated his or her acceptance and ratification of, and consent to, all of the terms and
conditions of the Plan and this Agreement and any action taken under the Plan by the Board, the Committee or the Company, in any
case in accordance with the terms and conditions of the Plan. This Agreement is subject to all the terms, provisions and conditions
of the Plan, which are incorporated herein by reference, and to such rules, policies and regulations as may from time to time
be adopted by the Committee. In the event of any conflict between the provisions of the Plan and this Agreement, the provisions
of the Plan shall control, and this Agreement shall be deemed to be modified accordingly. The Plan and the prospectus describing
the Plan can be found [on the Company’s HR intranet]. A paper copy of the Plan and the prospectus shall be provided to the
Participant upon the Participant’s written request to the Company at the address set forth in Section 13 hereof.

 

13. Compliance
with Laws and Regulations.

 

(a) The
Restricted Stock Units and the obligation of the Company to deliver any Shares hereunder shall be subject in all respects to (i)
all applicable Federal and state laws, rules and regulations; and (ii) any registration, qualification, approvals or other requirements
imposed by any government or regulatory agency or body which the Committee shall, in its discretion, determine to be necessary
or applicable. Moreover, the Company shall not deliver any certificates for Shares to the Participant or any other person pursuant
to this Agreement if doing so would be contrary to applicable law. If at any time the Company determines, in its discretion, that
the listing, registration or qualification of Shares upon any national securities exchange or under any state or federal law,
or the consent or approval of any governmental regulatory body, is necessary or desirable, the Company shall not be required to
deliver any certificates for Shares to the Participant or any other person pursuant to this Agreement unless and until such listing,
registration, qualification, consent or approval has been effected or obtained, or otherwise provided for, free of any conditions
not acceptable to the Company.

 

(b) It
is intended that any Shares issued hereunder shall have been registered under the Securities Act. If the Participant is an “affiliate”
of the Company, as that term is defined in Rule 144 under the Securities Act (“Rule 144”), the Participant
may not sell such Shares received except in compliance with Rule 144. Certificates representing Shares issued to an “affiliate”
of the Company may bear a legend setting forth such restrictions on the disposition or transfer of the Shares as the Company deems
appropriate to comply with federal and state securities laws.

 

(c)
If at any time the Shares are not registered under the Securities Act, and/or there is no current prospectus in effect under
the Securities Act with respect to the Shares, the Participant shall execute, prior to the delivery of any Shares to the
Participant by the Company pursuant to this Agreement, an agreement (in such form as the Company may specify) in which the
Participant represents and warrants that the Participant is acquiring the Shares acquired under this Agreement for the
Participant’s own account, for investment only and not with a view to the resale or distribution thereof, and
represents and agrees that any subsequent offer for sale or distribution of any kind of such Shares shall be made only
pursuant to either (i) a registration statement on an appropriate form under the Securities Act, which registration statement
has become effective and is current with regard to the Shares being offered or sold; or (ii) a specific exemption from the
registration requirements of the Securities Act, but in claiming such exemption the Participant shall, prior to any offer for
sale of such Shares, obtain a prior favorable written opinion, in form and substance satisfactory to the Company, from
counsel for or approved by the Company, as to the applicability of such exemption thereto.

 

    	 	5	 

     

    

 

14. Data
Protection. By participating in the Plan, each Participant consents to the collection, processing, transmission and storage
by the Company or any Affiliate, in any form whatsoever, of any data of a professional or personal nature which is necessary for
the purposes of administering the Plan. The Company may share such information with any Affiliate, any trustee, its registrars,
brokers, other third-party administrator or any person who obtains control of the Company or any Affiliate or any division respectively
thereof.

 

15. Notices. All
notices by the Participant or the Participant’s successors or permitted assigns shall be addressed to ReWalk Robotics
Ltd., Hatnufa 3 st., Floor 6, P.O. Box 161, Yokneam 2069203 Israel, Attention: [Chief Financial Officer], or such other
address as the Company may from time to time specify. All notices to the Participant shall be addressed to the Participant at
the Participant’s address in the Company’s records.

 

16. Other
Plans. The Participant acknowledges that any income derived from the receipt, vesting or settlement of the Restricted Stock
Units, or otherwise related to the Restricted Stock Units, shall not affect the Participant’s participation in, or benefits
under, any other benefit plan or other contract or arrangement maintained by the Company or any Affiliate.

 

17. Section
409A. This Agreement and the Restricted Stock Units are intended to be exempt from Section 409A of the Code and shall be administered
and construed in accordance with such intent.

 

	PARTICIPANT	 
	 	 	 
	Name:		 
	Date:	               	 

 

	REWALK
    ROBOTICS LTD.	 
	 	 	 
	Larry Jasinski	 
	Chief Executive Officer	 
		 
	 	 
	Signing
    Manager:		 
	Title:	 	 
	Date
    of signature:		 

 

Schedule
B - Trust Deed

 

    	 	6Exhibit 10.20.2

 

REWALK ROBOTICS LTD.

2014 INCENTIVE COMPENSATION PLAN

 

Notice
of Restricted Stock Unit Grant– Section 3(i) 

 

		Participant:	Jeff Dykan

 

		Company:	ReWalk Robotics Ltd.

 

		Notice:	You have been granted the following Restricted Stock Units (the “RSUs”) in accordance
with the terms of the Plan, this Notice of Restricted Stock Unit Grant and the Restricted Stock Unit Award Agreement attached hereto
as Schedule A (this Notice of Restricted Stock Unit Grant, together with the Restricted Stock Unit Award Agreement, this
“Agreement”), contingent upon your payment of NIS 0.01 for each Restricted Stock Unit (Par Value) within 30
days of such Restricted Stock Unit vesting, and satisfaction of Sections 6 and 7 of the Agreement.

 

		Type of Award:	Restricted Stock Units under Section 3(i) of the Israeli
Tax Ordinance.

 

		Plan:	ReWalk Robotics Ltd. 2014 Incentive Compensation Plan

 

		Grant:	Date of Grant:

			Total Number of Shares Underlying Restricted Stock Units:

 

		Exercise Price:	NIS 0.01 for each Restricted Stock Unit (Par Value)

 

		Period of Restriction:	Subject to the terms and conditions of the Plan and those
of this Agreement, the Period of Restriction applicable to the Total Number of Shares Underlying Restricted Stock Units shall
commence on the Date of Grant and shall lapse on the dates listed below as to the percentages of the Total Number of Shares Underlying
Restricted Stock Units set forth opposite each such date.

 

	 	Date	 	Percentage	 
	 	 	 	 	25	%
	 	 	 	 	25	%
	 	 	 	 	25	%
	 	 	 	 	25	%

 

		Acknowledgement And Agreement:	The undersigned Participant acknowledges receipt of, and
understands and agrees to, the terms and conditions of this Agreement and the Plan.

 

     

     

    

 

		Mandatory Sale to Cover Withholding Taxes:	As a condition to acceptance of the RSUs, to the fullest
extent permitted under the Plan and applicable law, withholding taxes will be satisfied through the sale of a number of the Shares
subject to the RSUs granted hereunder as determined in accordance with Sections 6 and 7 of the Agreement and the remittance of
the cash proceeds to the Company; provided, however, that the number of such shares so withheld will not exceed the amount necessary,
in the Company’s discretion, to satisfy the Company’s required tax withholding obligations (it being clarified that if the
proceeds from such sale is in excess of the applicable required tax withholding obligations, the balance will be transferred to
you). Under the Agreement, the Company is authorized and is irrevocably instructed by you to make payment from the cash proceeds
of such sale directly to the tax authority in an amount equal to the tax required to be withheld. The mandatory sale of Shares
to cover withholding tax is imposed by the Company on you in connection with the receipt of this RSUs, and it is intended to comply
with the requirements of Rule 10b5-1(c)(1)(i)(B) under the Exchange Act and be interpreted to meet the requirements of Rule
10b5-1(c).

 

	REWALK ROBOTICS LTD.	 	PARTICIPANT
	 	 	 
	By:	 	 	 
	 	Name: Ori Gon	 	Jeff Dykan
	 	Title: CFO	 	 
	 	 	 	 
	Date:	               	 	Date:	               

 

Attached:

 

Schedule A –3(i) Stock Restricted Stock
Unit Award Agreement

 

    	 	- 2 -	 

     

    

 

3(i) Restricted Stock Unit Award Agreement -- Schedule A

 

REWALK ROBOTICS LTD. 2014 INCENTIVE COMPENSATION
PLAN

 

3(i) Restricted Stock Unit Award Agreement

 

Under Section3(i) of the Israeli Income
Tax Ordinance [New Version], 1961

 

This Restricted Stock
Unit Award Agreement, dated as of the Date of Grant set forth in the Notice of Restricted Stock Unit Grant (the “Grant
Notice”) to which this Restricted Stock Unit Award Agreement is attached as Schedule A, is made between ReWalk
Robotics Ltd. and the Participant set forth in the Grant Notice. The Grant Notice is included in and made part of this Agreement.

 

1. Definitions.
Capitalized terms used but not defined herein have the meanings set forth in the Plan.

 

2. Grant of the Restricted
Stock Units. Subject to the provisions of this Agreement and the provisions of the Plan, the Company hereby grants to the Participant,
pursuant to the Plan, the number of Restricted Stock Units set forth in the Grant Notice.

 

3. Period of Restriction.
The Period of Restriction with respect to the Restricted Stock Units shall commence and lapse as set forth in the Grant Notice.
All Restricted Stock Units as to which the Period of Restriction has not lapsed prior to the date of the Participant’s Termination
shall be immediately forfeited upon such date.

 

4. Settlement of
Restricted Stock Units. Subject to the provisions of Sections 6 and 7 below, as soon as reasonably practicable following the
lapse of the applicable portion of the Period of Restriction, but in no event later than 15 days following the date of such lapse,
the Company shall cause to be delivered to the Participant, in full settlement and satisfaction of the Restricted Stock Units as
to which such portion of the Period of Restriction has so lapsed the full number of Shares underlying such Restricted Stock Units.

 

5. Change of Control.
Notwithstanding any other provision of this Agreement, the Restricted Stock Units shall be subject to the Change of Control provisions
set forth in Article XIV of the Plan.

 

6. Taxes. Upon
settlement of the Restricted Stock Units, or as of any other date on which the value of any Restricted Stock Units otherwise becomes
includible in the Participant’s gross income for tax purposes and/or social security purposes, the Participant shall pay
to the Company or its Affiliate in cash, or make other arrangements satisfactory to the Committee for the satisfaction of, any
taxes of any kind and social security payments payable or required by law to be withheld with respect to such Restricted Stock
Units; provided, however, that if such tax cash payment is not paid by the Participant to the Company until the vesting
date of the RSUs, the Company shall cause such withholding obligations to be satisfied in whole or in part by withholding Shares
or cash otherwise deliverable or payable to the Participant pursuant to this Agreement in accordance with Article XVI of the Plan.
The Company or an Affiliate may, in the discretion of the Committee, provide for alternative arrangements to satisfy applicable
tax withholding requirements in accordance with Article XVI of the Plan. Regardless of any action the Company or any Affiliate
takes with respect to any or all tax withholding (including any social security contributions) obligations, the Participant acknowledges
that the ultimate liability for all such taxes is and remains the Participant’s responsibility, and that the Company does
not: (i) make any representations or undertakings regarding the treatment of any tax withholding in connection with any aspect
of the Restricted Stock Units, including the grant or vesting thereof, the subsequent sale of Shares and the receipt of any dividends;
or (ii) commit to structure the terms of the Restricted Stock Units or any aspect of the Restricted Stock Units to reduce or eliminate
the Participant’s liability for such tax. The payment of the tax is a precondition for the settlement of the RSUs in Shares.
According to applicable law, the Company shall withhold at the source the tax that is levied upon the exercise of the Restricted
Stock Units, as set forth below.

 

    	 	- 3 -	 

     

    

 

7. Withholding Taxes.
The Participant hereby acknowledges that, to the greatest extent permitted under the Plan and applicable law, applicable withholding
amount will be satisfied through the sale of a number of the Shares. Specifically, Participant hereby agrees to a “same day
sale” commitment with a broker-dealer or other agent designated by the Company (an “Agent”) whereby Participant
irrevocably agrees to sell a portion of the Shares to be delivered in connection with his/her RSUs to satisfy the withholding taxes
and whereby the Agent will forward the proceeds necessary to satisfy the withholding taxes directly to the Company and/or its Affiliates
or the applicable tax authorities. If, for any reason, such “same day sale” commitment does not result in sufficient
proceeds to satisfy the withholding taxes, the Company or an Affiliate may, in its sole discretion, satisfy all or any portion
of the withholding taxes relating to the RSUs by any of the following means or by a combination of such means: (i) withholding
from any compensation otherwise payable to the Participant by the Company or an Affiliate; (ii) causing the Participant to tender
a cash payment (which may be in the form of a check, electronic wire transfer or other method permitted by the Company); or (iii)
withholding Shares from the shares issued or otherwise issuable to the Participant in connection with Participant’s RSUs with a
Fair Market Value equal to the amount of such withholding taxes; provided, however, that the number of such shares so withheld
will not exceed the amount necessary, in the Company’s discretion, to satisfy the Company’s required tax withholding obligations.
Without derogating from the generality of the foregoing, the Participant hereby acknowledges and agrees to the following: (i) the
Agent is authorized to sell on the open market at the then prevailing market price(s), on Participant’s behalf, as soon as practicable
on or after each date on which RSUs vest, the number (rounded up to the next whole number) of the Shares to be delivered in connection
with the vesting of those RSUs sufficient to generate proceeds to cover (1) the withholding taxes that Participant is required
to pay pursuant to the Plan and this Agreement as a result of the RSUs vesting (or being issued, as applicable) as shall be determined
by the Company and (2) all applicable fees and commissions due to, or required to be collected by, the Agent with respect thereto;
(ii) the Company and the Agent may cooperate and communicate with one another to determine the number of Shares that must be sold
pursuant to this Section; (iii) the Agent may effect sales as provided in this Section in one or more sales; (iv) it may not be
possible to sell Shares as provided by in this Section due to a legal or contractual restriction, a market disruption, or rules
governing order execution priority on the applicable exchange where the Shares may be traded and, in the event of the Agent’s
inability to sell Shares, Participant will continue to be responsible for the timely payment to the Company of all federal, state,
local and foreign taxes that are required by applicable laws and regulations to be withheld, including but not limited to those
amounts specified in this Section; (v) regardless of any other term or condition of this Section, the Company and/or its Affiliates
will not be liable to Participant for (a) special, indirect, punitive, exemplary, or consequential damages, or incidental losses
or damages of any kind, or (b) any losses, including loss of profits, that results from the sale of the Shares, including delays
in execution of sales or the prices of such trades; and (vi) the Agent is an intended third party beneficiary of this Section.

 

Indemnity. The Participant
hereby agrees to indemnify the Company and/or its Affiliates and hold them harmless against and from any and all liability for
any such tax and other applicable compulsory payments (to the extent such tax or compulsory payment is levied on the Company under
applicable law) or interest or penalty thereon, including without limitation, liabilities relating to the necessity to withhold,
or to have withheld, any such tax or other compulsory payments from any payment made to the Participant.

 

	PARTICIPANT
IS ADVISED TO CONSULT WITH HIS/HER OWN TAX ADVISOR WITH RESPECT TO

 THE TAX CONSEQUENCES OF RECEIVING AND EXERCISING HIS/HER RESTRICTED
STOCK UNITS OR 

OF DISPOSING OF HIS/HER SHARES.

 

8. No
Rights as a Shareholder Prior to Issuance of Shares. Neither the Participant nor any other person shall become the beneficial
owner of the Shares underlying the Restricted Stock Units, nor have any rights to dividends or other rights as a shareholder with
respect to any such Shares, until and after such Shares, if any, have been actually issued to the Participant and transferred on
the books and records of the Company or its agent in accordance with the terms of the Plan and this Agreement.

 

    	 	- 4 -	 

     

    

 

9. Nontransferability.
The Restricted Stock Units shall not be transferable otherwise than by will or the laws of descent and distribution.

 

10. No Right to Continued
Service. Neither the Restricted Stock Units nor any terms contained in this Agreement shall confer upon the Participant any
rights or claims except in accordance with the express provisions of the Plan and this Agreement and shall not give the Participant
any express or implied right to be retained in the employment or service of the Company or any Affiliate for any period, or in
any particular position or at any particular rate of compensation, nor restrict in any way the right of the Company or any Affiliate,
which right is hereby expressly reserved, to modify or terminate the Participant’s employment or service, in each case, at
any time for any reason, subject to any legal and contractual conditions. The Participant acknowledges and agrees that any right
to lapse of the Period of Restriction is earned only by continuing as a service provider of the Company or an Affiliate and satisfaction
of any other applicable terms and conditions contained in the Plan and this Agreement, and not through the act of being granted
the Restricted Stock Units hereunder.

 

10. The Plan.
By accepting any benefit under this Agreement, the Participant and any person claiming under or through the Participant shall be
conclusively deemed to have indicated his or her acceptance and ratification of, and consent to, all of the terms and conditions
of the Plan and this Agreement and any action taken under the Plan by the Board, the Committee or the Company, in any case in accordance
with the terms and conditions of the Plan. This Agreement is subject to all the terms, provisions and conditions of the Plan, which
are incorporated herein by reference, and to such rules, policies and regulations as may from time to time be adopted by the Committee.
In the event of any conflict between the provisions of the Plan and this Agreement, the provisions of the Plan shall control, and
this Agreement shall be deemed to be modified accordingly. The Plan and the prospectus describing the Plan can be found on the
Company’s HR intranet. A paper copy of the Plan and the prospectus shall be provided to the Participant upon the Participant’s
written request to the Company at the address set forth in Section 13 hereof.

 

11. Compliance
with Laws and Regulations.

 

(a) The Restricted
Stock Units and the obligation of the Company to deliver any Shares hereunder shall be subject in all respects to (i) all applicable
Federal and state laws, rules and regulations; and (ii) any registration, qualification, approvals or other requirements imposed
by any government or regulatory agency or body which the Committee shall, in its discretion, determine to be necessary or applicable.
Moreover, the Company shall not deliver any certificates for Shares to the Participant or any other person pursuant to this Agreement
if doing so would be contrary to applicable law. If at any time the Company determines, in its discretion, that the listing, registration
or qualification of Shares upon any national securities exchange or under any state or federal law, or the consent or approval
of any governmental regulatory body, is necessary or desirable, the Company shall not be required to deliver any certificates for
Shares to the Participant or any other person pursuant to this Agreement unless and until such listing, registration, qualification,
consent or approval has been effected or obtained, or otherwise provided for, free of any conditions not acceptable to the Company.

 

(b) It is intended
that any Shares issued hereunder shall have been registered under the Securities Act. If the Participant is an “affiliate”
of the Company, as that term is defined in Rule 144 under the Securities Act (“Rule 144”), the Participant may
not sell such Shares received except in compliance with Rule 144. Certificates representing Shares issued to an “affiliate”
of the Company may bear a legend setting forth such restrictions on the disposition or transfer of the Shares as the Company deems
appropriate to comply with federal and state securities laws.

 

(c) If at any time
the Shares are not registered under the Securities Act, and/or there is no current prospectus in effect under the Securities Act
with respect to the Shares, the Participant shall execute, prior to the delivery of any Shares to the Participant by the Company
pursuant to this Agreement, an agreement (in such form as the Company may specify) in which the Participant represents and warrants
that the Participant is acquiring the Shares acquired under this Agreement for the Participant’s own account, for investment only
and not with a view to the resale or distribution thereof, and represents and agrees that any subsequent offer for sale or distribution
of any kind of such Shares shall be made only pursuant to either (i) a registration statement on an appropriate form under the
Securities Act, which registration statement has become effective and is current with regard to the Shares being offered or sold;
or (ii) a specific exemption from the registration requirements of the Securities Act, but in claiming such exemption the Participant
shall, prior to any offer for sale of such Shares, obtain a prior favorable written opinion, in form and substance satisfactory
to the Company, from counsel for or approved by the Company, as to the applicability of such exemption thereto.

 

    	 	- 5 -	 

     

    

 

12. Data Protection.
By participating in the Plan, each Participant consents to the collection, processing, transmission and storage by the Company
or any Affiliate, in any form whatsoever, of any data of a professional or personal nature which is necessary for the purposes
of administering the Plan. The Company may share such information with any Affiliate, any trustee, its registrars, brokers, other
third-party administrator or any person who obtains control of the Company or any Affiliate or any division respectively thereof.

 

13. Notices.
All notices by the Participant or the Participant’s successors or permitted assigns shall be addressed to ReWalk Robotics
Ltd., 3 Hatnufa Street, P.O. Box 161, Yokneam Ilit 2069203 Israel, Attention: Chief Financial Officer, or such other address as
the Company may from time to time specify. All notices to the Participant shall be addressed to the Participant at the Participant’s
address in the Company’s records.

 

14. Other Plans.
The Participant acknowledges that any income derived from the receipt, vesting or settlement of the Restricted Stock Units, or
otherwise related to the Restricted Stock Units, shall not affect the Participant’s participation in, or benefits under,
any other benefit plan or other contract or arrangement maintained by the Company or any Affiliate.

 

15. Section 409A.
This Agreement and the Restricted Stock Units are intended to be exempt from Section 409A of the Code and shall be administered
and construed in accordance with such intent.

 

 

	REWALK ROBOTICS LTD.	 	PARTICIPANT
	 	 	 
	By:	     	 	 
	 	Name: Ori Gon	 	Name: Jeff Dykan
	 	Title: CFO	 	 
	 	 	 	 
	Date:	 	 	Date:	         

 

    	 	- 6 -

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