Document:

Exhibit 10.13

 

AMENDMENT NO. 1 TO 

 

THE AMENDED AND RESTATED PERSONAL EMPLOYMENT
AGREEMENT

 

This
Amendment No. 1 to the Amended and Restated Personal Employment Agreement (the “Amendment”) is
made and entered into as of February 12, 2020 (the “Effective Date”) by and between DarioHealth Corp. (formerly
LabStyle Innovations Corp.), a company incorporated under the laws of the State of Israel (the “Company”), and
Erez Raphael (the “Executive”, and together with the Company, collectively, the “Parties”).

 

WHEREAS,
the Company and the Executive are currently parties to that certain Amended and Restated Personal Employment Agreement, entered
into and effective as of July 25, 2017 (the “Personal Employment Agreement”) pursuant
to which the Executive is serving as the Company’s Chief Executive Officer for a term ending December 31, 2020; and

 

WHEREAS,
the Company and the Executive desire to amend the Personal Employment Agreement to provide for the automatic extension of the term
set forth therein.

 

NOW
THEREFORE, in consideration of the recitals and of the mutual promises, covenants and agreements of the
Parties set forth herein, the Parties agree as follows:

 

		1.	Amendments. The Parties hereby agree that, effective upon the Effective Date, Schedule
A of the Personal Employment Agreement shall be amended by replacing the Agreement Termination date of “December 31,
2020” with “December 31, 2022”, and by replacing the Position in the Company title of “Chairman,
President and Chief Executive Officer of the Company and of the parent Company DarioHealth Corp.” with “Chief
Executive Officer”.

 

		2.	Ratification; Effect of Amendment. Except as specifically set forth herein, the Personal
Employment Agreement and all of its terms and conditions remain in full force and effect, and the Personal Employment Agreement
is hereby ratified and confirmed in all respects, except that on or after the date of this Amendment all references in the Personal
Employment Agreement to “this Agreement,” “hereto,” “hereof,” “hereunder,” or words
of like import shall mean the Personal Employment Agreement as amended by this Amendment.

 

		3.	Further Assurances. Each Party hereto, without additional consideration, shall cooperate,
shall take such further action and shall execute and deliver such further documents as may be reasonably requested by the other
Party hereto in order to carry out the provisions and purposes of this Amendment.

 

		4.	Counterparts. This Amendment may be signed in counterparts with the same effect as if the
signature on each counterpart were upon the same instrument. In the event that any signature is delivered by facsimile transmission
or by e-mail delivery of a “.pdf” format data file, such signature shall create a valid and binding obligation of the
party executing (or on whose behalf such signature is executed) with the same force and effect as if such facsimile or “.pdf”
signature page were an original thereof.

 

     

     

    

 

		5.	Headings. The headings of Articles and Sections in this Amendment are provided for convenience
only and will not affect its construction or interpretation.

 

		6.	Waiver. Neither any failure nor any delay by any party in exercising any right, power or
privilege under this Amendment or any of the documents referred to in this Amendment will operate as a waiver of such right, power
or privilege, and no single or partial exercise of any such right, power or privilege will preclude any other or further exercise
of such right, power or privilege.

 

		7.	Severability. The invalidity or unenforceability of any provisions of this Amendment pursuant
to any applicable law shall not affect the validity of the remaining provisions hereof, but this Amendment shall be construed as
if not containing the provision held invalid or unenforceable in the jurisdiction in which so held, and the remaining provisions
of this Amendment shall remain in full force and effect. If the Amendment may not be effectively construed as if not containing
the provision held invalid or unenforceable, then the provision contained herein that is held invalid or unenforceable shall be
reformed so that it meets such requirements as to make it valid or enforceable.

 

[Signature Page Follows]

 

 [Signature Page to Amendment No. 1 to the Amended and Restated Personal Employment Agreement]

 

     

     

    

 

IN WITNESS WHEREOF, the parties
have caused this Amendment to be executed as of the day and year first written above.

 

 

	 	DarioHealth Corp.
	 	 
	 	 
	 	/s/ Zvi Ben-David  
	 	Name:	Zvi Ben-David 
	 	Title:	Chief Financial Officer 
	 	 	 
	 	 	 
	 	Erez Raphael
	 	 
	 	 
	 	/s/ Erez Raphael

 

[Signature Page to Amendment No. 1 to
the Amended and Restated Personal Employment Agreement]Exhibit 10.14

 

STOCK OPTION AGREEMENT

 

THIS STOCK OPTION
AGREEMENT (the “Agreement”) is made and entered into as of January 30, 2020 (the “Grant Date”),
by and between DarioHealth Corp., a Delaware corporation (the “Corporation”) and Richard Anderson (the “Optionee”).

 

WHEREAS, the
Optionee is a valued employee of the Corporation;

 

WHEREAS, the
Corporation considers it desirable and in its best interests that Optionee be given an opportunity to acquire a proprietary option
to purchase shares of Common Stock of the Corporation, par value $0.0001 per share (the “Shares”).

 

NOW, THEREFORE,
for good and valuable consideration, the adequacy of which is hereby acknowledged, and the mutual covenants hereinafter set forth,
the parties agree as follows:

 

1.            Definitions.
The following capitalized terms have the following meanings. Other capitalized terms are defined elsewhere herein.

 

(a)           “Affiliate” means (i) any person or entity that directly or indirectly controls, is controlled by
or is under common control with the Corporation and/or (ii) to the extent provided by the Board, any person or entity in which
the Corporation has a significant interest as determined by the Board in its discretion. The term “control” (including,
with correlative meaning, the terms “controlled by” and “under common control with”), as applied to any
person or entity, means the possession, directly or indirectly, of the power to direct or cause the direction of the management
and policies of such person or entity, whether through the ownership of voting or other securities, by contract or otherwise.

 

(b)           “Board”
means the Board of Directors of the Corporation.

 

(c)           “Business
Day” means any day other than a Saturday, a Sunday or a day on which banking institutions in New York City, New York
are authorized or obligated by federal law or executive order to be closed.

 

(d)           “Cause”
means (i) conviction of, or plea of guilty or no contest to, any felony or any crime involving moral turpitude or dishonesty or
the commission of any other act involving willful malfeasance or material fiduciary breach with respect to the Corporation or
an Affiliate; (ii) participation in a fraud, misappropriation or embezzlement of Corporation and/or its Affiliate funds or property
or act of dishonesty against the Corporation and/or its Affiliate; (iii) material violation of any rule, regulation, policy or
plan for the conduct of (as the case may be) any director, officer, employee, member, manager, consultant or service provider
of or to the Corporation or its Affiliates or its or their business (which, if curable, is not cured within five (5) Business
Days after notice thereof is provided to the Optionee); (iv) conduct that results in or is reasonably likely to result in harm
to the reputation or business of the Corporation or any of its Affiliates; (v) gross negligence or willful misconduct with respect
to the Corporation or an Affiliate; (vi) material violation of U.S. state, federal or other applicable (including non-U.S.) securities
laws; or (vii) material breach of Optionee’s obligations under his employment agreement with the Corporation.

 

    	 		 

     

    

 

(e)           “Change of Control” means: (i) an acquisition (whether directly from the Company or otherwise) of any
voting securities of the Company (the “Voting Securities”) by any “Person” (as the term person is
used for purposes of Section 13(d) or 14(d) of the Securities and Exchange Act of 1934, as amended (the “Exchange Act”)),
immediately after which such Person has “Beneficial Ownership” (within the meaning of Rule 13d-3 promulgated under
the Exchange Act) of more than fifty percent (50%) of the combined voting power of the Company’s then outstanding Voting
Securities; (ii) the individuals who constitute the members of the full Board cease, by reason of a financing, merger, combination,
acquisition, takeover or other non-ordinary course transaction affecting the Company, to constitute at least fifty-one percent
(51%) of the members of the full Board; or (iii) approval by the full Board and, if required, stockholders of the Company of, or
execution by the Company of any definitive agreement with respect to, or the consummation of (it being understood that the mere
execution of a term sheet, memorandum of understanding or other non-binding document shall not constitute a Change of Control):
(A) a merger, consolidation or reorganization involving the Company, where either or both of the events described in clauses (i)
or (ii) above would be the result; (B) a liquidation or dissolution of or appointment of a receiver, rehabilitator, conservator
or similar person for, or the filing by a third party of an involuntary bankruptcy against, the Company;; or (C) an agreement for
the sale or other disposition of all or substantially all of the assets of the Company to any Person (other than a transfer to
a subsidiary of the Company).

 

(f)            “Continuous
Service” means that the Optionee’s service with the Corporation or an Affiliate, whether as an employee, member
of the Board or consultant, is not interrupted or terminated. The Optionee’s Continuous Service shall not be deemed to have
terminated merely because of a change in the capacity in which the Optionee renders service to the Corporation or an Affiliate
as an employee, consultant or member of the Board or a change in the entity for which the Optionee renders such service, provided
that there is no interruption or termination of the Optionee’s Continuous Service. For example, a change in status from
an employee of the Corporation to a consultant of an Affiliate or a member of the Board will not constitute an interruption of
Continuous Service. The Board or its delegate, in its sole discretion, may determine whether Continuous Service shall be considered
interrupted in the case of any leave of absence approved by that party, including sick leave, military leave. relocation or any
other personal or family leave of absence.

 

(g)           “Disability”
means that the Optionee is unable to engage in any substantial gainful activity by reason of any medically determinable physical
or mental impairment. The determination of whether an individual has a Disability shall be determined under procedures established
by the Board. The Board may rely on any determination that the Optionee is disabled for purposes of benefits under any long-term
disability plan maintained by the Corporation or any Affiliate in which the Optionee participates.

 

(h)           “Fair
Market Value” means, as of any date, the value of the Common Stock determined as follows: (i) if the Common Stock
is listed on any established stock exchange or a national market system, including without limitation, the New York Stock
Exchange or the NASDAQ Stock Market, or quoted on a national exchange or other recognized securities quotation system (such
as the Nasdaq Stock Market/OTC Bulletin Board/OTCQB Market), the Fair Market Value of a share of Common Stock shall be the
closing sales price for such stock as quoted on such exchange, market or quotation system (or the exchange or market with the
greatest volume of trading in the Common Stock) on the last market trading day prior to the day of determination (or the
closing price on the date immediately preceding such date if no sales activity occurred on the day of determination), as
reported by Bloomberg or such other source as the Board deems reliable, and (ii)in the absence of such markets for the
Common Stock, the Fair Market Value shall be determined in good faith and in accordance with applicable law by the Board and
such determination shall be conclusive and binding.

 

    	 	2	 

     

    

 

(i)            “Restricted Stock” has the meaning ascribed to it in Section 11(c) of this Agreement.

 

2.            Grant
of Initial Option. The Corporation hereby grants to the Optionee the right and option to purchase up to an aggregate of Ninety
Thousand (90,000) Shares (subject to adjustment as provided in Paragraph 6 hereof), on the terms and conditions set forth herein
(hereinafter the “Option”). The Optionee acknowledges that the Option will not be an “incentive option”
within the meaning of Section 422 of the Internal Revenue Code of 1986, as amended (the “Code”). This Option
is not being issued pursuant to the Corporation’s 2012 Equity Incentive Plan; provided, however, that this
Option is granted as a material inducement to employment in accordance with Nasdaq Listing Rule 5635(c)(4).

 

3.            Exercise
of Options. The Option Shares shall be exercisable at a price per share of $8.41 (subject to adjustment as provided for herein)
(the “Exercise Price”).

 

4.            Vesting
of Options. One third of the Option shall vest on the first anniversary from the grant date followed by eight (8) equal installment
over the two years following the first anniversary of the Grant Date, subject to acceleration as provided below. For purposes
of calculating the number of shares that shall vest on each vesting date, any resulting fraction of a share shall be rounded up
to the nearest full share. Subject to applicable law, the Board, in its sole discretion, shall have the power to accelerate the
time at which the Option may first be exercised or the time during which the Option or any part thereof will vest.

 

5.            Term
of the Option. The Option shall expire on the six (6) year anniversary of the Grant Date, or upon its earlier termination
as provided in this Agreement.

 

6.            Method
of Exercising Option. The Optionee may exercise the Option in whole or in part (to the extent that it is exercisable in accordance
with its terms) by giving written notice to the Corporation in the form annexed hereto as Exhibit A, together with the
tender of the full purchase price of the Shares covered by the Option. The purchase price may consist of (i) cash, (ii) certified
or bank check payable to the order of the Corporation in the amount of the purchase price, (iii) a cashless exercise procedure,
consisting of authorization from the Optionee to the Corporation to retain from the total number of Shares as to which the Option
is exercised that number of Shares having a Fair Market Value (as defined below) on the date of the exercise equal to purchase
price for the total number of Shares as to which the Option is exercised, (iv) other property or consideration if the Board determines
beneficial to the Corporation or (v) any combination of the methods described in (i) through (iv) above.

 

As soon as
practicable after receipt by the Corporation of such notice and of payment in full of the purchase price of all the Shares
with respect to which the Option has been exercised, a certificate or certificates representing such Shares shall be issued
in the name of the Optionee and shall be delivered to the Optionee. All Shares shall be issued only upon receipt by the
Corporation of the Optionee's representation that the Shares are purchased for investment and not with a view toward
distribution thereof.

 

    	 	3	 

     

    

 

7.           Availability of Shares. The Corporation, during the term of this Agreement, shall keep available at all times the
number of Shares required to satisfy the Option. The Corporation shall utilize its best efforts to comply with the requirements
of each regulatory commission or agency having jurisdiction in order to issue and sell the Shares to satisfy the Option.

 

8.           Adjustments.
If prior to the exercise of any portion of the Option granted hereunder the Corporation shall have effected one or more stock
splits, stock dividends, or other increases or reductions of the number of its Shares outstanding without receiving compensation
therefor in money, services or property, the number of Shares subject to the Option hereby granted shall (a) if a net increase
shall have been effected in the number of outstanding the Corporation’s Shares, be proportionately increased and the purchase
price of the Shares issuable upon exercise of the Option shall be proportionately reduced; and (b) if a net reduction shall have
been effected in the number of outstanding shares of the Corporation's Common Stock, be proportionately reduced and the purchase
price of the Shares issuable upon exercise of the Option shall be proportionately increased. In the event that the Corporation
shall make any distribution of its assets upon or with respect to the Shares, as a liquidating dividend, the Optionee shall be
entitled to receive an amount equal to the value thereof at the time of such distribution, less the aggregate purchase price for
the Option.

 

9.           Dissolution
or Liquidation. In the event of a dissolution or liquidation of the Corporation, the Corporation shall immediately notify
the Optionee of such dissolution or liquidation. The Corporation may provide the Optionee thirty (30) days to exercise all or
a portion of any outstanding vested Options held by him at that time, and upon the expiration of such thirty (30) day period,
all remaining outstanding Options shall terminate immediately. Alternatively, the Corporation may provide that all or any portion
of any vested Option shall convert into the right to receive liquidation proceeds (if applicable, net of the Exercise Price and
any applicable tax withholdings).

 

10.         Change in Control.

 

(a)          In
the event of a Change in Control, then, without the consent or action required of the Optionee:

 

(i)       Any
surviving corporation or acquiring corporation or any parent or affiliate thereof, as determined by the Corporation in its discretion,
shall assume or continue any Options outstanding under this Agreement in all or in part or shall substitute to similar stock awards
in all or in part, in accordance with the requirements of Section 409A of the Code; or

 

(ii)      In
the event any surviving corporation or acquiring corporation does not assume or continue the Option or substitute to similar awards,
then: (A) all unvested Shares covered by the Option shall expire, and (B) vested Shares covered by the Option shall terminate if
not exercised at or prior to such Change in Control; or

 

    	 	4	 

     

    

 

(iii)     The
Corporation may, in its sole discretion, accelerate the vesting, partially or in full, of Shares covered by the Option as the Corporation
may determine to be appropriate prior to such events; or

 

(iv)     In
the event of a Change in Control under the terms of which holders of Shares will receive upon consummation thereof a cash payment
for each share surrendered in the Change in Control (the “Acquisition Price”), the Optionee shall be provided
a cash payment with respect to each vested Option held by the Optionee equal to (A) the number of Shares subject to the vested
Option (after giving effect to any acceleration of vesting that occurs upon or immediately prior to such Change in Control multiplied
by (B) the excess, if any, of (I) the Acquisition Price over (II) the Exercise Price and any applicable tax withholdings, in exchange
for the termination of such Awards.

 

(b)          Upon
the occurrence of a Change in Control, the repurchase and other rights of the Corporation with respect to outstanding Restricted
Stock shall inure to the benefit of the Corporation’s successor and shall, unless the determines otherwise, apply to the
cash, securities or other property that the Shares were converted into or exchanged for pursuant to such Change in Control in
the same manner and to the same extent as they applied to the Restricted Stock; provided, however, that the Corporation may provide
for termination or deemed satisfaction of repurchase or other rights under this Agreement evidencing any Restricted Stock or any
other agreement between the Optionee and the Corporation, either initially or by amendment.

 

(c)          Notwithstanding
the above, in case of Change in Control and in the event all or substantially all of the shares of the Corporation are to be exchanged
for securities of another company, then the Optionee shall be obliged to sell or exchange, as the case may be, any shares the
Optionee holds or purchased under this Agreement, in accordance with the instructions issued by the Corporation, whose determination
shall be final.

 

(d)          Notwithstanding
the above, the Corporation may, in its sole discretion, decide other terms regarding the treatment of the outstanding Option Shares
in case of Change in Control.

 

11.          Restrictions. The Optionee, by acceptance hereof, represents and warrants as follows:

 

(a)          The
Option and the right to purchase Shares hereunder is personal to the Optionee and shall not be transferred to any other person,
other than (i) by will or the laws of descent and distribution, or (ii) pursuant to a qualified domestic relations order as defined
by the Code, or Title I of the Employee Retirement Income Security Act of 1974, as amended (“ERISA”), or by
the rules thereunder. This Option shall not be collaterally assigned, pledged or hypothecated in any way (whether by operation
of law or otherwise) and shall not be subject to execution, attachment or similar process. Any attempted transfer, assignment,
pledge, hypothecation or other disposition of the Option or of any rights granted hereunder contrary to the provisions of this
Section 11, or the levy of any attachment or similar process upon the Option or such right, shall be null and void. Notwithstanding
the foregoing, the Optionee may, by delivering notice to the Corporation, in a form satisfactory to the Corporation, designate
a third party who, in the event of the death of the Optionee, shall thereafter be entitled to exercise the Option.

 

    	 	5	 

     

    

 

(b)           The
Optionee has been advised and understands that the Option has been issued in reliance upon exemptions from registration under
the Securities Act and applicable state statutes; the Shares have not been registered under the Securities Act of 1933, as amended
(the “Securities Act”) or applicable state statutes and must be held and may not be sold, transferred, or otherwise
disposed of for value unless they are subsequently registered under the Securities Act or an exemption from such registration
is available, except as set forth herein; the Corporation is under no obligation to register the Option or the Shares under the
Securities Act or the applicable state statutes; in the absence of such registration, the sale of the Shares may be practicably
impossible; the Shares will bear on its face a legend in substantially the following form restricting the sale of the Shares:

 

THE SECURITIES REPRESENTED
BY THIS CERTIFICATE HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE "SECURITIES ACT") AND
ARE "RESTRICTED SECURITIES" WITHIN THE MEANING OF RULE 144 PROMULGATED UNDER THE SECURITIES ACT. THE SECURITIES HAVE
BEEN ACQUIRED FOR INVESTMENT AND MAY NOT BE SOLD OR TRANSFERRED WITHOUT COMPLYING WITH RULE 144 IN THE ABSENCE OF EFFECTIVE REGISTRA
TION OR OTHER COMPLIANCE UNDER THE SECURITIES ACT.

 

THE SECURITIES REPRESENTED
BY THIS CERTIFICATE ARE SUBJECT TO CERTAIN RESTRICTIONS ON TRANSFERABILITY AS SET FORTH IN A STOCK OPTION AGREEMENT, A COPY OF
WHICH IS ON FILE WITH THE RECORDS OF THE CORPORATION.

 

(c)           Regardless
of whether the offering and sale of Shares have been registered under the Securities Act or have been registered or qualified
under the securities laws of any state, the Corporation at its discretion may impose restrictions upon the sale, pledge or other
transfer of such Shares (including the placement of appropriate legends on stock certificates or the imposition of stop-transfer
instructions) (“Restricted Stock”) if, in the judgment of the Corporation, such restrictions are necessary
or desirable in order to achieve compliance with the Securities Act, the securities laws of any state or any other law.

 

12.          Shareholder's
Rights. This Option is non-transferable by the Optionee, except in the event of the Optionee's death as provided in Section
16 hereof and during the Optionee's lifetime is exercisable only by the Optionee except as provided in Section 15 hereof. The
Optionee shall have no rights as a shareholder with respect to any Shares covered by the Option until exercise of the Option pursuant
to this Agreement and delivery to the Optionee of the Shares as provided herein.

 

13.          Right
of First Refusal.

 

(a)           Notwithstanding anything to the contrary in the Certificate of Incorporation and the By-Laws of the Corporation, the Optionee
shall not have a right of first refusal or preemptive right in relation with any sale of shares in the Corporation.

 

    	 	6	 

     

    

 

(b)           Sale
of Shares by the Optionee shall be subject to the right of first refusal of other shareholders as set forth in the Certificate
of Incorporation and/or the By-Laws of the Corporation.

 

(c)           The
Corporation may refuse to approve the transfer of Shares to any competitor of the Corporation or to any other person or entity
the Corporation determines, in its discretion, may be detrimental to the Corporation.

 

14.          Termination
of Continuous Service. In the event an Optionee’s Continuous Service terminates (other than upon the Optionee’s
death or Disability or as a result of termination for Cause), and unless otherwise specified in this Agreement, the Optionee may
exercise the Option (to the extent that the Optionee was entitled to exercise the Option as of the date of termination) but only
within such period of time ending on the earlier of (i) the date three (3) months following the termination of the Optionee’s
Continuous Service, or (ii) the expiration of the term of the Option as set forth in Section 5 of this Agreement. If, after termination
of Continuous Service, the Optionee does not exercise his Option within the time periods specified in this Section 14, the Option
shall terminate.

 

15.          Disability
of Optionee. In the event that the Optionee’s Continuous Service terminates as a result of the Optionee’s Disability,
the Optionee may exercise his Option (to the extent that the Optionee was entitled to exercise such Option as of the date of termination),
but only within such period of time ending on the earlier of (i) the date twelve (12) months following such termination or (ii)
the expiration of the term of the Option as set forth in this Agreement. If, after termination, the Optionee does not exercise
his Option within the time specified herein, the Option shall terminate.

 

16.          Death of Optionee. Unless otherwise provided in this Agreement, in the event (i) the Optionee’s Continuous
Service terminates as a result of the Optionee’s death or (ii) the Optionee dies within three (3) months after the termination
of the Optionee’s Continuous Service, then the Option may be exercised (to the extent the Optionee was entitled to exercise
such Option as of the date of death) by the Optionee’s estate, by a person who acquired the right to exercise the Option
by bequest or inheritance or by a person designated to exercise the Option upon the Optionee’s death pursuant to Section
11(a), but only within the period ending on the earlier of (A) the date twelve (12) months following the date of death or (B) the
expiration of the term of the Option as set forth in this Agreement. If, after death, the Option is not exercised within the time
specified herein, the Option shall terminate.

 

17.          Termination
of Continuous Service for Cause. Notwithstanding Sections 14-16 above, in the event of termination of Optionee’s
employment with the Corporation or any of its Affiliates, or if applicable, the termination of services given to the Corporation
or any of its Affiliates by consultants or member of the Board of the Company or any of its Affiliates for Cause, all outstanding
Option awards granted to the Optionee hereunder (whether vested or not) will immediately expire and terminate on the date of such
termination and the Optionee shall not have any right in connection to the outstanding Option, unless otherwise determined by
the Corporation.

 

18.          Compliance
with Laws. Notwithstanding the foregoing, in no event shall the Optionee be permitted to exercise an Option in a manner
that the Corporation determines would violate the Sarbanes-Oxley Act of 2002, if applicable, or any other applicable law or
the applicable rules and regulations of the Securities and Exchange Commission or the applicable rules and regulations of any
securities exchange, inter-dealer quotation system or other recognized securities quotation system on which the securities of
the Corporation are listed, quoted or traded.

 

    	 	7	 

     

    

 

19.          Investment Assurances. The Corporation may require the Optionee, as a condition of exercising or acquiring Shares
under this Agreement: (i) to give assurances satisfactory to the Corporation as to the Optionee’s knowledge and experience
in financial and business matters and/or to employ a purchaser representative reasonably satisfactory to the Corporation who is
knowledgeable and experienced in financial and business matters and that the Optionee is capable of evaluating, alone or together
with the Optionee’s representative, the merits and risks of exercising the Option; and (ii) to give assurances satisfactory
to the Corporation stating that the Optionee is acquiring Shares subject to the Option for the Optionee’s own account and
not with any present intention of selling or otherwise distributing the Shares. The foregoing requirements, and any assurances
given pursuant to such requirements, shall be inoperative if (A) the issuance of the Shares upon the exercise of the Option has
been registered under a then currently effective registration statement under the Securities Act or (B) as to any particular requirement,
a determination is made by counsel for the Corporation that such requirement need not be met in the circumstances under the then
applicable securities laws. The Corporation may, upon advice of counsel to the Corporation, place legends on stock certificates
as such counsel deems necessary or appropriate in order to comply with applicable securities laws, including, but not limited to,
legends restricting the transfer of the Shares.

 

20.          Withholding
Obligations. The Corporation or any Affiliate may take such action as it may deem necessary or appropriate, in its discretion,
for the purpose of or in connection with withholding of any taxes that the Corporation or Affiliate is required by any applicable
law to withhold in connection with the Option (collectively, “Withholding Obligations”). Such actions may include,
without limitation: (i) requiring the Optionee to remit to the Corporation in cash an amount sufficient to satisfy such Withholding
Obligations; (ii) subject to applicable law, allowing the Optionee to provide Shares to the Corporation, in an amount that at
such time, reflects a value that the Corporation determines to be sufficient to satisfy such Withholding Obligations; (iii) withholding
Shares otherwise issuable upon the exercise of the Option at a value that is determined by the Corporation to be sufficient to
satisfy such Withholding Obligations; or (iv) any combination of the foregoing. The Corporation shall not be obligated to allow
the exercise of the Option by or on behalf of the Optionee until all tax consequences arising from the exercise of the Option
are resolved in a manner acceptable to the Corporation.

 

21.          Conditions
on Delivery of Stock. The Corporation will not be obligated to deliver any Shares pursuant to this Agreement or to remove
restrictions from Shares previously issued or delivered under this Agreement until (i) all conditions of this Agreement have been
met or removed to the satisfaction of the Corporation, (ii) in the opinion of the Corporation’s counsel, all other legal
matters in connection with the issuance and delivery of the shares have been satisfied, including any applicable securities laws
and regulations and any applicable rules and regulations of a national exchange or other recognized securities quotation system
(such as the Nasdaq Stock Market/OTC Bulletin Board/OTCQB Market), on which the Shares are listed or admitted to trading and (iii)
the Optionee has executed and delivered to the Corporation such representations or agreements as the Corporation may consider
appropriate to satisfy the requirements of any applicable laws, rules or regulations.

 

    	 	8	 

     

    

 

22.          Tax
Consequences.

 

(a)           Any
tax consequences arising from the grant, exercise or settlement of the Option, from the payment for Shares covered thereby or
from any other event or act (of the Corporation and/or its Affiliates, or the Optionee) hereunder shall be borne solely by the
Optionee. The Corporation and/or its Affiliates shall withhold taxes according to the requirements under the applicable laws,
rules and regulations, including withholding taxes at the source. Furthermore, the Optionee shall agree to indemnify the Corporation
and/or its Affiliates and hold them harmless against and from any and all liability for any such tax or interest or penalty thereon,
including without limitation, liabilities relating to the necessity to withhold, or to have withheld, any such tax from any payment
made to the Participant.

 

(b)           The
Corporation shall not be required to release any share certificate to the Optionee until all required payments have been fully
made.

 

23.          Notices. Any notice to be given to the Corporation shall be addressed to the Corporation in care of its Secretary
at its principal office, and any notice to be given to the Optionee shall be addressed to him at the address given beneath his
signature hereto or at such other address as the Optionee may hereafter designate in writing to the Corporation. Notice may be
given by e-mail.

 

24.          Choice
of Law. This Agreement and all documents evidencing awards and all other related documents will be governed by, and construed
in accordance with, the laws of the State of Delaware; provided that the tax treatment and the tax rules and regulations
applying to a grant in any specific jurisdiction shall be the local tax laws of such jurisdiction in addition to the Federal income
tax laws of the United States

 

25.          No
Guaranty. It is understood and agreed that nothing contained in this Agreement, nor any action taken by the Board, shall confer
upon you any right with respect to the continuation of your services to the Corporation or any subsidiary, nor interfere in any
way with the right of the Corporation or a subsidiary to terminate your services at any time.

 

26.          Headings.
The headings in this Agreement are for the purpose of reference only and shall not limit or otherwise affect the meaning of any
provision of this Agreement.

 

27.          Severability.
If it is determined that any provision of this Agreement is invalid and unenforceable, the remaining provisions of this Agreement,
as applicable, will continue in effect.

 

28.          Counterparts.
This Agreement may be executed in any number of counterparts, and each such counterpart shall, for all purposes, be deemed to
be an original and all of which together shall constitute one agreement. Facsimile signatures and those transmitted bye-mail or
other electronic means shall have the same effect as originals.

 

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BLANK]

 

    	 	9	 

     

    

 

IN WITNESS WHEREOF,
the parties have executed this Agreement as of the date first above written.

 

	 	DARIOHEALTH CORP.
	 
	 
	 	By:	/s/ Zvi Ben-David
	 	Name: Zvi Ben-David
	 	Title: Chief Financial Officer
	 
	 
	 	OPTIONEE
	 
	 
	 	By:	/s/ Richard Anderson
	 	Name: Richard Anderson

 

    	 	10	 

     

    

 

EXHIBIT A

Exercise Form

 

	To: DarioHealth Corp.	Dated:	 

 

The undersigned, pursuant
to the provisions set forth in the Stock Option Agreement, dated as of February ___, 2020, a copy of which is attached hereto,
hereby irrevocably elects to purchase ________ shares of Common Stock covered by the Option. The undersigned herewith makes payment
of $__________ representing the full purchase price for such shares at the price per share provided for in such Stock Option Agreement.
Such payment takes the form of $_________ in lawful money of the United States or delivery of shares of the Corporation's Common
Stock in accordance with the terms of the attached Stock Option Agreement.

 

	 	 
	 	Signature
	 
	 	 
	 	Print Name
	 
	 	 
	 	 
	 	 
	 	 
	 	Address

 

    A-I

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