Document:

EX-10.22.1

 Exhibit 10.22.1 
  

							
	AMENDMENT TO THE GENERAL SERVICES AGREEMENT	  	    

				
	Supplier Name:	 	YODLEE, INC.	  	Agreement Number:	 	CW529464
				
	Supplier Address:	 	3600 Bridge Parkway, Suite 200, Redwood City, CA 94065	  	Amendment Number:	 	CW533700
				
	Supplier Telephone:	 	650-980-3600	  	Amendment Effective Date:	 	6/30/14

 This Amendment (“Amendment”) is made as of the effective date set forth above to that General Services Agreement, by
and between Yodlee, Inc. (“Supplier” or “Yodlee”) and Bank of America, N. A. (“Bank of America”), dated June 5, 2007, as amended (“GSA”). Each capitalized term used but not defined herein shall have the
meaning assigned in the GSA. 
 WHEREAS, Bank of America and Supplier entered into the GSA in order to set forth the terms and conditions pursuant to which
Supplier provides certain services to Bank of America; 
 WHEREAS, the parties desire to extend such Services; 

NOW THEREFORE, in consideration of the promises and accords made herein, and the exchange of such good and valuable consideration, the receipt and sufficiency
of which is hereby acknowledged, Bank of America and Supplier agree as follows: 
  

	 	1.	Term of the Agreement. The “Expiration Date” on the cover page of the Agreement is hereby amended to December 31, 2017. 

 

	 	2.	Section 6.5 of the Agreement is hereby amended by adding the following as a new final row to the table contained in such Section: 

 

			
	For 2015 – 2017	  	[****]

  

	 	3.	Sections 7.1 through Sections 7.3 are hereby replaced with the following Sections 7.1 through 7.3. 

“7.1 Supplier shall electronically conduct purchase order and invoice transactions in accordance with the then-current requirements
specified by Bank of America, including, but not limited to, use of the Ariba Network. The Supplier shall, at no additional cost to Bank of America, ensure Supplier has the capability to transact utilizing the Ariba Network or other processor
network designated by Bank of America. Supplier shall be responsible for payment of any fees assessed by Ariba or any other processors for registration, participation in or use of the Ariba Network or any other processor network. Under no
circumstance shall Bank of America be liable for any costs, fees or other liabilities arising out of or related to Supplier’s use of Ariba or any other processor designated by Bank of America. 

7.2 Supplier shall submit invoices on a monthly basis, and invoices shall contain such detail as Bank of America may reasonably require from
time to time, including reference to this Agreement. Bank of America requires Supplier to bill for Services and tangible personal property separately. Bank of America also requires Supplier to include, on the face of the invoice, the
“ship to” address for any purchase of tangible personal 
  
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information on this page has been omitted and filed separately with the Securities and Exchange Commission. Confidential treatment has been requested with respect to the omitted portions. 

  
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property and the location where the Services are performed. Amounts shall be invoiced promptly after the Services performed or Work Product delivered. Amounts not invoiced by Supplier
to Bank of America within three (3) months after such amounts could first be invoiced under this Agreement may not thereafter be invoiced, and Bank of America shall not be required to pay such amounts. 

7.3 Payments will be made according to Bank of America’s then-current payment policies. Bank of America requires Supplier to accept
payment through electronic media in one of the following agreed upon methods a credit card using the Bank of America ePayables process, ACH, or electronic check. In the event that the agreed upon method of payment is through the Bank of America
ePayables process using purchase cards, the Supplier shall, at no additional cost to Bank of America, ensure Supplier has the capability to process purchasing cards, prior to submitting invoices to Bank of America.” 

 

	 	4.	Section 9.6 is hereby added to the Agreement. 

 “9.6 Supplier shall, and shall be
responsible for ensuring that Supplier’s Representatives and Subcontractors shall, perform all obligations of Supplier under this Agreement in compliance with all laws, rules, regulations and other legal requirements applicable to Supplier as
well as applicable to Bank of America as and to the extent such laws, rules, regulatory guidance, regulations and legal requirements relate to the Services (all such laws, rules, regulatory guidance, regulations and legal requirements being,
hereinafter, “Applicable Laws.” Additionally, Supplier shall, and shall be responsible for ensuring that Supplier’s Representatives and Subcontractors shall, perform all applicable obligations of Supplier under this Agreement in
compliance with all applicable policies, procedures and other instructions of Bank of America, as may be amended from time to time. Applicable policies, procedures and other instructions will be provided to Supplier by Bank of America. 

Supplier shall implement policies, procedures, training and guidelines to ensure compliance with Applicable Laws for the Services provided, In
addition, Supplier shall ensure that applicable Supplier’s Representatives and Subcontractors successfully complete and implement, on an annual basis, such mandatory training as Bank of America shall from time to time require in connection with
compliance with Applicable Laws as they relate to the Services, which mandatory training may be revised, replaced or terminated at any time and from time to time at Bank of America’s sole discretion. Supplier and its Representatives and
Subcontractors shall follow the applicable and reasonable procedures, processes, and guidelines outlined in the mandatory training. Bank of America shall be responsible for ensuring that Supplier receives all updated mandatory training. Upon Bank of
America’s request and pursuant to Section 13 (Supplier Personnel) of this Agreement, any Supplier Representative or Subcontractor who fails to successfully complete Bank of America’s mandatory training on an annual basis shall be
immediately removed from working on the Bank of America account. The foregoing is not intended to be applicable to process servers in the course of serving process nor upon licensed attorneys during the course of their appearance with a Bank of
America customer before a court of law. 
 Upon prior written notice during normal business hours and at such reasonable time as Bank of
America may determine, Bank of America may, upon delivery of written notice to Supplier, audit, test, or inspect Supplier and its Representatives and Subcontractors with respect to Supplier’s policies, procedures and controls in connection
with, and compliance with, Applicable Laws as they apply to the Services. Bank of America will determine the scope of such assessments and such assessments shall be subject to Applicable Laws and will not include information petertaining to
Supplier’s other customers. The Parties shall agree on the date, time, location and duration of the audit, tests or inspection, provided that it or they shall take place not later than thirty (30) Business Days of the written notice.
Unless otherwise agreed between the Parties and in addition to the Audit rights set forth in Section 20, such audits, tests, or inspections will be performed no more than every twelve months, unless there are operational or compliance risks or
significant regulatory change that warrants additional audits, tests or inspections. Supplier shall promptly remediate any material deficiencies found with respect to compliance with Applicable Laws as a result of such audits, tests or inspections.
Supplier’s failure or refusal to remediate any such material deficiencies within ninety (90) days of written notice to Supplier shall be deemed a “Termination Event” entitling Bank of America to terminate this Agreement pursuant
to Section 5.2 of this Agreement (Termination).” 
  
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on this page has been omitted and filed separately with the Securities and Exchange Commission. Confidential treatment has been requested with respect to the omitted portions. 

  
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	 	5.	Section 15.13 is hereby added to the Agreement. 

 “15.13 To the extent
Supplier will store, process, transmit or otherwise access or possess cardholder data in connection with the Services provided under this Agreement, Supplier understands and acknowledges its obligation to secure cardholder data and to adhere to the
Payment Card Industry Data Security Standard (PCI DSS) for the protection of cardholder data throughout the Term of this Agreement and any Renewal Terms. The PCI DSS may be found at www.pcisecuritystandards.org. Supplier further understands it is
responsible for the security of cardholder data in the possession or control of any Subcontractors it engages to perform under this Agreement. Such Subcontractors must be identified to and approved by Bank of America in writing prior to sharing
cardholder data with the Subcontractor. In support of this obligation, Supplier shall provide appropriate documentation to demonstrate compliance with applicable PCI DSS requirements by Supplier and all identified Subcontractors. Failure to
discharge this obligation may be considered by Bank of America to be a Termination Event under subsection 6.3 (a) of the Section entitled “Term and Termination”.” 

 

	 	6.	Section 16.1, is hereby amended by replacing section (b) in the sentence thereof with the following: 

“(b) any material breach in a representation, covenant or obligation of Supplier contained in this Agreement.” 

 

	 	7.	Section 17.2, is hereby replaced with the following Section 17.2: 

 “Except as
otherwise set forth herein, each party’s total liability under this Agreement shall be [****].” 
  

	 	8.	Section 18.4 is hereby added to the Agreement: 

 “Starting in calendar year 2014, at
no additional charge to Bank of America and consistent with the efficient performance of the Agreement, Supplier shall agree to contribute $5,000 in 2014 and $10,000 annually thereafter to the Bank of America Small and Diverse Business Education
Fund which is managed by a non-profit third party organization independent of Bank of America. All donations are tax deductible contributions on behalf of the donating company and are payable annually by January 31st for the previous calendar
year. Supplier also agrees to report such contribution by the date payable in writing to Bank of America in accordance with Bank of America’s reporting process.” 
  

	 	9.	Section 20.2, Audit, is hereby replaced with the following Section 20.2 

“20.2 Supplier shall provide at its expense on an annual basis a copy of an independent audit firm attestation, assurance
and/or audit report covering Supplier’s operations as a services organization providing Services and Products under this Agreement. Such reports may include, but not be limited to, a current Shared Assessment Report of Agreed Upon
Procedures, an SSAE 16, Type II Audit Report (or any successor or replacement reports hereafter provided for by the American Institute of CPAs (AICPA) or any successor organization) and ISAE 3402 (or any successor or replacement reports hereafter
provided for by the International Auditing and Assurance Standards Board (IAASB) or any successor organization), in each case as may be required by Bank of America. If current reports are not available, Supplier will engage a reputable
U.S. or internationally recognized certified public accounting firm to conduct the audit and prepare the applicable reports. Each report will cover a minimum six (6) calendar month period, prior to date of report, of each calendar year
during the Term. Bank of America reserves the right to expand the scope of controls to be covered in any such attestation, assurance and/or audit report prepared during the Term. Supplier shall provide Bank of America with the scope of the
audit and a complete copy of each report prepared in connection with such audit within thirty (30) calendar days after it receives such report.” 
  

**** Certain information on this page has been omitted and filed separately with the Securities and Exchange Commission. Confidential treatment has been
requested with respect to the omitted portions. 

  
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	 	10.	Section 27.14 is hereby added to the Agreement: 

 “27.14 All Bank of America Content
and all Web Site or mobile pages or components Supplier develops that will be branded with the Bank of America name or logo, have the “look and feel” of the Bank of America Web Sites, or that are designated by Bank of America, and all Web
Site hosting services Supplier provides, shall conform to the “Web Content Accessibility Guidelines,” of the Worldwide Web Consortium available at http://www.w3.org/TR/WCAG20 or the “Mobile Accessibility Guidelines” of the
Worldwide Web Consortium available at http://www.w3.org/WAI/mobile/, as applicable. Supplier shall conform with “Level AA,” which provides for satisfaction of Priority 1 and 2 Checkpoints, as defined in such Guidelines. Supplier
shall revise promptly, at Supplier’s expense, any Bank Content or Web Site pages or components developed, or Web Site hosting services provided, by Supplier to bring them into compliance as reasonably determined by Bank of America.” 

 

	 	11.	Commencing January 1, 2015, Schedules B and B-1 are deleted and replaced with the attached Schedule B-1. 

  

	 	12.	Commencing September 1, 2014, Schedules C-1 and C-2 are hereby deleted in their entirety and replaced with the attached Schedules C-1 and C-2. 

 

	 	13.	Schedule E, Background Checks, is deleted and replaced with the attached Schedule E. 

  

									
	YODLEE, INC.	 		 	BANK OF AMERICA, N.A.
	(“Supplier”)	 		 	(“Bank of America”)
					
	By:	 	 /s/ Brad Beals
	 		 	By:	 	 /s/ Chandra Torrence

	Name:	 	Brad Beals	 		 	Name:	 	Chandra Torrence
	Title:	 	VP, Finance and Treasurer	 		 	Title:	 	SVP; Sourcing Manager
	Date:	 	6/30/14	 		 	Date:	 	6/30/14

  
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and filed separately with the Securities and Exchange Commission. Confidential treatment has been requested with respect to the omitted portions. 

  
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 SCHEDULE B-1 

My Portfolio Fees 
  

1. [****] 
 2. Monthly Active User Fees. Beginning
on January 1, 2015, Bank of America shall pay a monthly fee for each Active User under SCHEDULE A-1 and A-2 (“Monthly Active User Fees”). Supplier shall calculate the Monthly Active User Fees at the end of each calendar month based on
the table below, and Supplier shall invoice Bank of America for such Monthly Active User Fees within thirty (30) days following the end of each calendar month. Bank of America shall pay such Monthly Active User Fees within thirty (30) days
after its receipt of Supplier’s invoice for such Monthly Active User Fees. 
  

					
	 Number of Active Users [****]
	  	Monthly Per Active
User Fee Per Month	 
	 [****]
	  	 	[****]	  
	 [****]
	  	 	[****]	  
	 [****]
	  	 	[****]	  
	 [****]
	  	 	[****]	  
	 [****]
	  	 	[****]	  
	 [****]
	  	 	[****]	  
	 [****]
	  	 	[****]	  
	 [****]
	  	 	[****]	  
	 [****]
	  	 	[****]	  
	 [****]
	  	 	[****]	  
	 [****]
	  	 	[****]	  
	 [****]
	  	 	[****]	  
	 [****]
	  	 	[****]	  
	 [****]
	  	 	[****]	  
	 [****]
	  	 	[****]	  
	 [****]
	  	 	[****]	  
	 [****]
	  	 	[****]	  
	 [****]
	  	 	[****]	  
	 [****]
	  	 	[****]	  

 [****] 
 3.
Committed Active User Fees. Bank of America may elect to switch to Committed Active User Fees, as described in the Committed Active User Fees Schedule below (“Committed Active User Fees”), by providing 

 
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Securities and Exchange Commission. Confidential treatment has been requested with respect to the omitted portions. 

  
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Supplier with ninety (90) days prior written notice. Once Bank of America elects to switch to the Committed Active User Fees, it may switch back to the Monthly Active User Fees described in
Section 2 above by providing Supplier with one hundred eighty (180) days prior written notice. 
  

					
	 COMMITTED ACTIVE USER FEES
	 
	 [****]
	  	 	[****]	  
	 [****]
	  	 	[****]	  
	 [****]
	  	 	[****]	  
	 [****]
	  	 	[****]	  

 By way of example only, in the event of [****] 

4. Accounts and Refreshes. Yodlee will refresh (meaning attempt to acquire data from a Data Source) all valid, available, Active User Accounts
according to its standard refresh schedule. In addition, individual Users may refresh accounts when they manually login to the Bank of America Services. In no event shall Bank of America otherwise initiate or implement any system, process
or method that has the intent or effect of causing additional Account refreshes. Notwithstanding any other provision, the number of refreshes per Account per day shall not exceed an average of one and one-half (1.5). In the event any of
the foregoing four (4) sentences is violated, Supplier reserves the right to collect an additional reasonable refresh fee per each additional refresh in excess of the average. Prior to collecting any additional refresh charges, Supplier will
provide written notice to Bank of America of the amount and method of calculation, of the proposed refresh charges, along with sufficient detail for Bank of America to understand the reasons for the proposed charges, and Bank of America will
thereafter have a thirty (30) day period to make any adjustments necessary to avoid such additional refresh charges. For avoidance of doubt, Supplier shall only be permitted to charge any excess refresh charges if Bank of America is unable to
make the adjustments necessary to avoid such charges. 
 5. Professional Services. 

In the event that Bank of America engages Supplier to perform Professional Services in connection with the Aggregation Service, the rates described below in
Appendix 1 shall apply. 
 6. [****] 
  

**** Certain information on this page has been omitted and filed separately with the Securities and Exchange Commission. Confidential treatment has been
requested with respect to the omitted portions. 

  
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 Appendix 1 to SCHEDULE B-1 

 
 [****] 

 
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Securities and Exchange Commission. Confidential treatment has been requested with respect to the omitted portions. 

  
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 SCHEDULE C-1 

 
 YODLEE PLATFORM SUPPORT
LEVELS AND PROCEDURES (SLA) 
 Yodlee shall provide Bank of America (“Bank of America” or “Company”) access to Yodlee technical
support personnel to assist Bank of America with the resolution of problems with the Yodlee Services described on the Product Schedule(s). A sufficient number of trained, qualified personnel shall be designated by Yodlee to respond to telephone and
web inquiries by Bank of America in accordance with the provisions and response times as set forth in this SLA. Bank of America will escalate problems to Yodlee after having provided the first level of support (Tier 1 support) to Bank of
America’s Registered Users. Additional product-specific SLA terms (if applicable) are attached to the relevant Product Schedule(s) and are incorporated herein by reference. 

In addition to the Audit rights in Section 20 of the Agreement, Yodlee agrees to participate in technology summits or other similar meetings to review
the stability and performance of the Services herein. Yodlee will make continuous efforts to improve upon the performance and stability of the Services and will reasonably consider all suggestions related to such performance made by Bank of America.

  

	 	A.	DEFINITIONS 

  

	 	1.	“Action Plan” means the plan of the Support Engineer on how to resolve a Service Request once it is accepted into the engineer’s work log. An action plan will consist of a Problem Statement, steps
to resolve, and estimated time to resolution. 

  

	 	2.	“Agent” or “Data Agent” means the site-specific code that traverses a Data Source’s web pages or makes a direct, electronic connection to a Data Source to obtain data. 

 

	 	3.	“Agent Errors” [****]. 

  

	 	4.	“Business Day” means 7am Pacific Time (“PT”) to 7 pm PT Monday through Friday, excluding Yodlee Holidays. 

 

	 	5.	“Data” means Customer Data retrieved by Yodlee from a Data Source. 

  

	 	6.	“Data Quality Event” means an event where the Data is not complete or correct, as specified in Section C herein, provided that Data Quality Events shall not include Data issues due to reasons beyond
Yodlee’s control, such as UAR Errors and Site Errors. 

  

	 	7.	“Defect” means a software defect, acknowledged by Yodlee with a bug tracking number and associated with a Service Request, that prevents the Service from operating as described in the documentation or
causes the Service to operate in a manner materially different than described in the documentation. 

  

	 	8.	“Emergency Maintenance” means critical system changes that cannot wait for Scheduled Maintenance. These changes could destabilize the system if not addressed expeditiously. 

 

	 	9.	“Failed Customer Interactions” means the sum of (i) the number of Active Users that attempt, but fail, to access the Services when the Service is inaccessible due to a failure by Supplier or its
Subcontractors or other cause within Supplier’s reasonable control plus (ii) the number of Active Users that attempt, but fail, to access any significant feature or service within the Hosted Application including, but not limited to, the
Finapp and java server pages failure to render results resulting in unavailable content and/or account information displayed to the end user. FCI and six sigma calculation will be based on current BAC monitoring methodology as of the amendment
effective date of the initial (single) page load at time of user login. 

  

	 	10.	“Held Away Account” means an account at an institution other than Bank of America. 

  

	 	11.	“Hotfix” means one specific Defect fix for a given case (usually relates to a P1 Service Request). 

  

**** Certain information on this page has been omitted and filed separately with the Securities and Exchange Commission. Confidential treatment has been
requested with respect to the omitted portions. 

  
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	 	12.	“Major Release” means a major upgrade to the product containing new features along with product defect fixes. 

(Version number X.x.x) 
  

	 	13.	“Minor Release” means a scheduled update to a Major Release that includes some new features. 

(Version number x.X.x) 
  

	 	14.	“Maintenance Release” means a scheduled update to a Minor Release to correct and consolidate defects. 

(Version number x.x.X) 
  

	 	15.	“Priority” means the Table C priority level assigned to each individual Service Request. 

  

	 	16.	“Problem Definition” means the phase where the problem is identified and a problem statement is prepared and presented to Bank of America. 

 

	 	17.	“Problem Statement” means a concise statement defining the problem. 

  

	 	18.	“Scheduled Maintenance” means system/software/Service maintenance that are scheduled to fix non critical errors and implement system/software/Service changes. 

 

	 	19.	“Site Errors” means the types of failures that relate to Data Source errors, due to a maintenance window, network, datafeed or system outage, or other internal failure at the Data Source. These are not
regarded as product or service “defects”, and are therefore not subject to the SLA commitments defined herein. Site-related failures are measured daily and are measured reported as an aggregate percentage. A current list of Site Error
codes (which Yodlee may update periodically) will be provided. 

  

	 	20.	“Service Request” means a problem that is reported by Bank of America. A unique ID number identifies each Service Request. 

 

	 	21.	“Technical Support Initial Response Time” means the period that starts when Bank of America or member of Technical Support Staff opens a Service Request (as defined by the assignment of a unique Service
Request ID number). 

  

	 	22.	Total Customer Interactions” means the number of unique Active Users that access the Service or access any significant feature or function within the Hosted Application 

 

	 	23.	“UAR Error” or User Action Required Error” means the types of failures that result from a dependency on a Registered User. This may be the result of inaccurate information provided by the
Registered User or the need for a Registered User to perform some action on the Data Source before the Data Agent can be successfully executed. These are not regarded as product or service “defects”, and are therefore not subject to the
SLA commitments defined herein. A current list of UAR Error codes (which Yodlee may update periodically) will be provided. 

  

	 	24.	“Update” means the periodic update given to Bank of America on the status of the Service Request that will include: a statement of the problem, what has been done to this point to resolve the problem,
what the next steps are toward reaching resolution and estimated time to resolution. 

  

	 	25.	“Yodlee CustomerCare” means Yodlee’s online system for reporting, escalating, and resolving customer issues, Bank of America’s usage of which is limited solely to the following modules and
features absent a separate Yodlee CustomerCare Product Schedule and Bank of America’s payment of additional Yodlee CustomerCare fees: Administration Module, Customer Management Module (including Customer Profile Data), and Group Policy Manager.

  

	 	B.	OPERATIONS METRICS 

  

	 	1.	Service Availability 

 Supplier shall maintain and operate all Services seven days per week,
24 hours per day, subject to Scheduled Maintenance described below. Bank of America will 
  

**** Certain information on this page has been omitted and filed separately with the Securities and Exchange Commission. Confidential treatment has been
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provide the applicable number of Failed Customer Interactions caused by lack of Service Availability to Supplier, (i) using actual data, or in the case that actual data is unavailable,
(ii) a corresponding period of time on a similar day from the past year during which the applicable feature or service was operational (i.e. if a feature was unavailable on a Sunday from 4-6PM, then Bank of America will use total number of
customer interactions during the 4-6PM Sunday slot from a similar Sunday during the past year) and determining the percentage of Active Users who were impacted based on a technical assessment and applying such percentage to the incident timeframe.
Upon Supplier’s request, Bank of America will provide the information that it uses to prepare the Failed Customer Interaction calculation with Supplier, so Supplier can verify the calculation. 

In the event that Yodlee’s own assessment of the service availability (FCI’s) differs significantly from that provided by Bank of
America, Parties agree to work in good faith to resolve the discrepancy by reviewing applicable monitoring data and usage information from available data sources. 

Service Level Standards: 

General Availability - Failed Customer Interaction: Sigma score of [****] 

and 
 Recurring FCI Incidents:
[****] or more Incidents that generate greater than [****] in any calendar month 
 Liquidated Damages: 

 

	 	a)	General Availability: The liquidated damages set forth immediately below for each calendar month with a Sigma score [****] will result in liquidated damages credits as follows for all FCIs in such calendar
month. If the number of Active Users changes materially, the Parties will mutually agree on updates to the FCI Range chart accordingly: 

  

					
	 Monthly Sigma score
	  	Liquidated damages
credits per FCI in
such calendar month	 
	 [****]
	  	 	[****]	  
	 [****]
	  	 	[****]	  
	 [****]
	  	 	[****]	  
	 [****]
	  	 	[****]	  
	 [****]
	  	 	[****]	  

 [****]By way of example and not by way of limitation, if the TCI’s for a calendar month are [****]
and the FCIs are [****], and the sigma score is 4.4 and the [****], Supplier would issue a credit of [****]. 
 The current or most recent
MSA or amendment that includes a Monthly Active User Fees table will be used for FCI credit calculations. 
  

**** Certain information on this page has been omitted and filed separately with the Securities and Exchange Commission. Confidential treatment has been
requested with respect to the omitted portions. 

  
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 Monthly FCI Credit Limits 

 

	 	•	 	[****] credit (liquidated damages) for any single month that service falls below [****] sigma score 

  

	 	•	 	[****] credit (liquidated damages) for any month where a [****] month or in a period of [****] months that service falls below [****] sigma score 

[****] 
  

	 	2.	Scheduled Maintenance/Downtime 

  

	 	a.	Yodlee shall provide Bank of America with at least [****]calendar days notice of any Scheduled Maintenance. 

  

	 	b.	Scheduled Maintenance shall not exceed [****] hours downtime in a particular instance and [****] in aggregate in any given month unless pre-approved by BAC. 

 

	 	c.	Standard Scheduled maintenance windows are Saturdays from 10:00 pm to 2:00 am PT (1:00 am-5:00 am ET) 

  

	 	d.	On occasion, Emergency Maintenance may be required. Emergency Maintenance may include, but is not limited to security related issues and/or technical problems that could impact the availability of the Service. In such
cases, Yodlee will notify Bank of America prior to downtime as time permits. 

  

	 	3.	Outage Reports 

  

	 	a.	Yodlee will provide a preliminary Root Cause Analysis (RCA) report (SLA Exhibit II) within [****] of restoral of [****]incidents and will provide a detailed RCA within five business days thereafter unless
otherwise agreed to by the Parties in writing. 

  

	 	b.	Yodlee will provide a detailed RCA within 5 business days for all incidents from the time of restoral. In the case of[****], an RCA is only required if more than [****]Users are impacted.

  

	 	C.	DATA QUALITY METRICS 

 Yodlee will meet the following coverage, reliability, and population data quality
service levels when collecting and storing data. 
  

	 	1.	Data Source Coverage 

  

	 	a.	Yodlee will support the Data Sources that (a) are part of Yodlee’s master list of Data Sources or (b) are made available to Bank of America pursuant to sub-section 1.b below. 

 

	 	b.	Yodlee’s obligation to meet the aforementioned requirements is subject to the following: 

  

	 	•	 	Yodlee will expend all commercially reasonable efforts to add and adequately test Data Sources. 

  

	 	•	 	Unavailability of a Data Source to Yodlee’s Data Agent due to any of the following reasons shall not be construed as a violation of the Data Quality Metric described in this Section. 

 

	 	•	 	The non-existence of an electronic interface containing Data. 

  

	 	•	 	A Data Source electronically blocking access that prevents a Data Agent from gaining access to Data. However, if such Data Source had previously provided access, then Yodlee shall use commercially reasonable efforts to
restore access to such Data Source. 

  

	 	•	 	Legal action by or agreement with the Data Source that prevents Yodlee from legally gaining access to Data via supported methods. 

  

	 	•	 	User authentication methods employed by the Data Source that result in incompatibility with the Data Agent and Yodlee’s Data collection infrastructure. 

 
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	 	c.	New Data Sources; Dedicated Data Team. 

 Subject to Bank of America’s payment of a
separately contracted Dedicated Data Team resource fee, the Dedicated Data Team members will make New Data Sources available to Bank of America based on prioritization established by Bank of America, provided that such New Data Sources are not to be
accessed via direct datafeed. New Data Sources to be accessed via direct datafeeds will require Professional Services SOWs and a datafeed agreement with each such New Data Source. 

The Dedicated Data Team will be responsible for adding and maintaining new Data Sources that Bank of America has requested, or any other
Data-related tasks as communicated in writing by Bank of America. The priority of those new Data Sources will be assigned by the Bank of America. 

On a monthly basis, the Dedicated Data Team will report to the Bank of America the status of their Data Source additions or other requested
Data-related services provided by the Dedicated Data Team, including, but not limited to Data Sources that they added, Data Sources that are waiting to be added, technical or administrative problems with their addition of a Data Source or other
requested task, and the resolution of any such previously report past problems. 
  

	 	d.	Data Quality Population Rates 

 Yodlee will collect Data corresponding to the following data
fields when the indicated fields are available from the Data Source for a given account. The following assumptions related to “Population Rates” apply: 
  

	 	•	 	“Population Rates” are averages for which the indicated field contains an accurate value (value is NOT NULL and is equal to the Data provided by the Data Source) for a calendar month and are measured across
the aggregate of all accounts registered by Active Users of the Service provided to Company.

  

	 	•	 	“Population Rates” will be calculated for: 

  

	 	•	 	The Data Sources that contribute to the top [****] of the volume across the Yodlee Ecosystem. 

  

	 	•	 	Active Users 

  

	 	•	 	“Population Rates” will be calculated across both Held and Held Away Data Sources. Therefore, Data Feeds provided directly by Bank of America for all accounts held within that Institution will contribute to
the population rate committed below. 

  

	 	•	 	“Population Rates” shall be measured over a monthly average, and will be available on the 5th day of the Month for the monthly period ending on the last Business Day of the previous month. 

 

	 	•	 	Yodlee will provide monthly reports that can be used to assess compliance to the minimum Population Rate requirements. 

  

	 	•	 	Yodlee will commit to the following Population Rates per each of the Primary Yodlee Data Containers outlined in the below table. In this example, the “Population Rate” will be derived as an aggregated
population rate over a prescribed number of monitored fields within the container ([****]). 

 Primary Yodlee Data Containers 

 

					
	 Container Name
	  	 Description
	  	 Population Rate

			
	Bank Account	  	Bank account data provides information about any type of deposit or current account and denotes the top level consumer accounts at any institution. The information includes the most recent details about a consumer’s account
such as available balance, current balance, etc.	  	[****]
			
	Credit Card	  	Card account data provides information about the credit card accounts and denotes top level account information at any institution. It	  	[****]

  

**** Certain information on this page has been omitted and filed separately with the Securities and Exchange Commission. Confidential treatment has been
requested with respect to the omitted portions. 

  
 Page 12 of 36 

					
	 Container Name
	  	 Description
	  	 Population Rate

			
		  	includes the latest details of consumers accounts such as running balance, credit (current) available, transactions since last statement, and a list of zero or more statements.	  	
			
	Investment	  	Investment account data provides information about the investment accounts and denotes top level consumers accounts at any institution.	  	[****]
			
	Insurance	  	Insurance account data provides information about different types of insurance and related fields that Yodlee supports. It includes insurance provider, insured amount, premium due, etc.	  	[****]
			
	Loan/Mortgage	  	Loan account data provides information about the loans and/or mortgages and denotes top level account information at any institution.	  	[****]

 Yodlee agrees to use commercially reasonable efforts to improve Data Agent quality using the results of such
Data Population assessments and to reduce the incidence of Data Quality Events for the Data Sources pursuant to this SLA. 
  

	 	e.	Data Quality Events 

  

	 	A.	“Data Quality Event” shall be deemed to have occurred where the above mentioned Data Population SLAs are not met. 

  

	 	B.	Measuring Impact Of A “Data Quality Event” 

  

	 	1.	When a Data Quality Event is reported Yodlee will identify a) the time period over which the Data Quality Event occurred based on review of Yodlee internal records, b) assess if the event affected some or all Active
Users who accessed the site during the period the Data Quality Event occurred, c) tabulate the overall impact of the Data Quality Event by identifying the total number of Active Users who accessed the site during the period the Data Quality Event
occurred. 

  

	 	2.	Monthly, Yodlee will report [****] metrics for Data Quality Events during a particular month: a) percent of Active Users affected, b) number of Active Users affected by the Data Quality Events, and c) percent of
total Active Users affected by the event. Reference sample report in SLA Exhibit I. 

  

	 	C.	Data Quality Performance 

 If the Population Rate is less than [****] in a calendar
month, 
 Yodlee shall: 
  

	 	•	 	Provide Bank of America with a root cause analysis including corrective action plan; and 

  

	 	•	 	Apply a credit of [****] against the monthly invoice for Active User Fees 

  

	 	D.	AGENT ERRORS 

 Reference sample report Agent Errors Report in SLA Exhibit I. 

 
 **** Certain information on this page has been omitted and filed separately with the
Securities and Exchange Commission. Confidential treatment has been requested with respect to the omitted portions. 

  
 Page 13 of 36 

 Yodlee Data Agents will meet the following performance levels: 

 

	 	1.	Agent Errors on Bank of America accounts 

 If more than [****] of accounts held by Active Users
are impacted by an Agent Error in a month Yodlee shall: 
  

	 	•	 	Provide Bank of America with a root cause analysis. 

 If more than [****] of accounts held by
Active Users are impacted by an Agent Error in a [****], Yodlee shall: 
  

	 	•	 	Provide Bank of America with a root cause analysis; and 

  

	 	•	 	Provide Bank of America with a written corrective action plan; and 

  

	 	•	 	Apply a credit of [****] against the monthly Active User Fees. 

 If more than [****] of
accounts held by [****] Active Users are impacted by an Agent Error in any [****] within a rolling [****] month period, Yodlee shall: 
  

	 	•	 	Provide Bank of America with a root cause analysis; 

  

	 	•	 	Provide Bank of America with a written corrective action plan; and 

  

	 	•	 	Apply a credit of [****] against the monthly Active User Fees. 

  

	 	2.	Agent Errors on Held-Away Accounts 

 Agent Errors on Held-Away Accounts will be calculated for
Active Users across the Data Sources that make up the top [****] of volume. If more than [****] of such accounts [****] Active Users are impacted by an Agent Error in a month Yodlee shall: 

 

	 	•	 	Provide Bank of America with a root cause analysis. 

 If more than [****] of accounts held by
[****] Active Users are impacted by a an Agent Error in any [****] within a rolling [****] month period, Yodlee shall: 
  

	 	•	 	Provide Bank of America with a root cause analysis; 

  

	 	•	 	Provide Bank of America with a written corrective action plan; and 

  

	 	•	 	Apply a credit of [****] against the monthly invoice usage fees. for [****] Active Users with Held-Away Accounts. 

  

	 	E.	USER ACTION REQUIRED CONDITIONS 

 User Action required applies to accounts where the Registered User has
been notified that their credentials in the Yodlee Service need updating in order for the Agent to continue successfully accessing their site information, or where some other condition requires the Registered User to take action to re-enable Date
retrieval. Credential updates include user login ID, passwords, challenge questions and other multi-factor authentication information required by the target site. Other conditions can include acknowledging additional or supplemental user terms and
conditions at the Data Source. In those instances where the Registered User has received such notice and fails to take the required action within 90 days of the notification the condition will no longer be counted against the following metrics. 

 

	 	1.	User Action Required on Bank of America accounts (feed or scraped): If more than [****] of accounts held by [****] Active Users are impacted by a User Action Required condition in a month Yodlee shall provide Bank of
America with a root cause analysis. 

  

	 	2.	User Action Required on Held-Away accounts: If more than [****] of accounts held by [****] Active Users are impacted by User Action Required condition in a month Yodlee shall Provide Bank of America with a root cause
analysis. 

  
 **** Certain information on this page has been omitted and
filed separately with the Securities and Exchange Commission. Confidential treatment has been requested with respect to the omitted portions. 

  
 Page 14 of 36 

 Reference sample report in SLA Exhibit II. 

PRIORITY DEFINITION TABLE 
 BANK OF AMERICA SHALL ASSIGN
PRIORITY BASED UPON THE FOLLOWING DEFINITIONS: 
  

			
	 Priority
	  	 Priority Definition

		
	P1	  	 A catastrophic error resulting in loss of Service that includes but not limited to:

 
 •      The
Service is not available.
  

•      A critical Service function is unavailable or unable to be performed,
causing an immediate and very high level of impact on, economics, operations, or brand.
  

•      An incident that impacts multiple customers or business units and has the
potential to have a high level of impact on Registered Users, economics or operations, or that causes a regulatory or compliance breach.
  

•      An incident that, if not resolved within the Availability commitments will
impact multiple customers or business units and have the potential to have a high level of impact on customers, economics or operations or an incident resulting from degraded performance to an enterprise implementation of the Service.

 

•      Security breach.

 
 •      A
software error rendering the application/service unusable

		
	P2	  	 A partial failure resulting in loss of capacity, features or functionality of the Service that includes but is not limited to:

 
 •      An
incident has an immediate and moderate level of impact on business operations with no work around available
  

•      Service or system failure that impacts Registered Users.

 

•      Significant degradation in response time or functional performance [Example:
page load times go from 5 seconds to 10 seconds over a period of hours]
  

•      Software error that impacts standard features and functionality resulting in
the Service being critically restricted in use
  

•      All Data issues due to controllable reasons.

		
	P3	  	 A partial failure resulting in loss of capacity, features or functionality of the service impacting Registered Users that includes but is not
limited to:
  

•      An incident that has a low level of impact on business operations and
typically affects a single or low number of Registered Users.
  

•      A software error that impacts a minor feature and/or function of the Service
impacting Registered Users.
  

•      Any problem that is not a P1 or P2

  
 **** Certain information on this page has been omitted
and filed separately with the Securities and Exchange Commission. Confidential treatment has been requested with respect to the omitted portions. 

  
 Page 15 of 36 

	 	F.	TECHNICAL SUPPORT RESPONSE TIME TABLE 

  

											
	 	  	 Issue Type
	  	 Initial Response
	  	 Problem Definition and Action Plan
	  	 Updates
	  	 Time To Resolution

						
	[****]	  	[****]	  	[****]	  	[****]	  	[****]	  	[****]
	  	[****]	  	[****]	  	[****]	  	[****]	  	[****]
						
	[****]	  	[****]	  	[****]	  	[****]	  	[****]	  	[****]
	  	[****]	  	[****]	  	[****]	  	[****]	  	[****]
	  	[****]	  	[****]	  	[****]	  	[****]	  	[****]
						
	[****]	  	[****]	  	[****]	  	[****]	  	[****]	  	[****]
	  	[****]	  	[****]	  	[****]	  	[****]	  	[****]

 [****] 
  

	 	•	 	[****]Software defect or error is defined as specific to Yodlee code and that of its Subcontractors and not any other 3rd party software or that of Bank of America.

  

	 	•	 	If Bank of America and Yodlee agree on a resolution period for a specific problem, this will be noted in Customer Care ticket. 

  

	 	•	 	When an incident is reported, an incident ticket will be opened and will remain open until Supplier provides and confirms restoral of the incident. Once the incident is restored, a new, separate incident ticket
will be opened and tracked if the incident occurs again (regardless of when it occurs).

  

	
	  

	Primary:
	Sr.Manager, Client Services
	Name:
	Email:
	Office:
	
	Alternate:
	VP, Client Services
	Name:
	Email:
	Office:
	
	VP, Saas Infrastructure & Delivery
	Name:
	Email:
	Office:
	
	SVP, Operations and Information Security
	Name:
	Email:
	Office:

 Liquidated Damages for Failure to meet Technical Response Time to Resolution: 

If Supplier experiences a P1 Application or Systems incident and no fix has been provided in [****] hours, Supplier will pay an amount equal to [****] of that
month’s Monthly Active User fees. 
 If Supplier experiences a P1 Application or Systems incident and no fix has been provided in [****] hours,
Supplier will pay an amount equal to [****] of that month’s Monthly Active User fees 
  

**** Certain information on this page has been omitted and filed separately with the Securities and Exchange Commission. Confidential treatment has been
requested with respect to the omitted portions. 

  
 Page 16 of 36 

 If Supplier experiences a P2 Application or Systems incident and no fix has been provided in [****], Supplier
will pay an amount equal to [****] of that month’s Monthly Active User fees 
 If Supplier experiences a P2 Application or Systems incident and no fix
has been provided in [****], Supplier will pay an amount equal to [****] of that month’s Monthly Active User fees 
 Excluding then unsupported new
site requests and any items that Bank of America has agreed to hold a subsequent Supplier release, for each month that Supplier has more than [****] P3 Application or Systems incidents that have been open longer than [****] days, Supplier will pay
an amount equal to [****] of Monthly Active User fees. Note that this will apply to all relevant incidents still open in any month even if they were counted in the previous month. Elapsed time due to dependencies on Bank of America inputs or
direction will not be considered as part of any Yodlee time to resolution. 
 General Procedures For All Credits Under this Schedule C-1 

 

	 	•	 	All credits under this Schedule C-1 shall be applied against the monthly usage or transaction fees for specific Service or product 

  

	 	•	 	For any one occurrence or series of events (“Event”) which give rise to credits or liquidated damages, Bank of America will only be entitled to the highest applicable percentage of credits or liquidated
damages associated with that Event. For example, if in a given month an Event occurs or is continuing from a previous month, which gives rise to a Service Availability credit of X% and also causes certain resolution commitments for Application
issues to be missed resulting in liquidated damages of Y%, then Bank of America would be entitled to the greater of X or Y but not both. In no event can the total of monthly credits and liquidated damages exceed the monthly usage or transaction fees
for that specific Service or product paid to Yodlee. 

  

	 	•	 	Supplier will automatically deduct any applicable credits and liquidated damages from a monthly invoice. To receive any applicable additional credits or liquidated damages not so applied, Bank of America must request
such from Supplier within ninety (90) days of the occurrence of the event giving rise to the right of that credit or those liquidated damages. 

  

	 	G.	PROBLEM NOTIFICATION 

  

	 	1.	If internal monitoring and/or support resources detect a P1 incident, Yodlee will notify Bank of America and resolution of the incident will follow the P1 process. 

 

	 	a.	If Bank of America detects a P1 incident; Bank of America will notify Yodlee support via phone (1-650-980-3700). 

  

	 	b.	For P2 and P3 incidents, Bank of America will notify Yodlee support by opening a Service Request in the Yodlee CustomerCare tool. 

  

	 	c.	Upon receipt of notification, Yodlee shall assign a Service Request to the incident reported by Bank of America and provide a tracking number to Bank of America. 

 

	 	d.	Regardless of the mechanism used to report the incident, if Bank of America does not receive a response from Yodlee within the guidelines set forth in Section B of this SLA, Bank of America should contact Yodlee per SLA
Exhibit III below. 

  

	 	e.	Support hours of operation are 7x24. 

  

**** Certain information on this page has been omitted and filed separately with the Securities and Exchange Commission. Confidential treatment has been
requested with respect to the omitted portions. 

  
 Page 17 of 36 

	 	f.	Yodlee expects Bank of America to identify, investigate and attempt to resolve Registered User issues prior to contacting Yodlee. In the event Bank of America is not able to resolve the problem, it should be escalated
to Yodlee Support using the above process. Registered User email threads should not be forwarded to Yodlee Support without summarized detail. Bank of America should have the following information available when opening a Service Request in the
Yodlee CustomerCare tool: 

  

	 	1.	Date Observed: 

  

	 	2.	Feature:  

  

	 	3.	Registered User’s User Name/s: 

  

	 	4.	Registered User’s Email Address: 

  

	 	5.	Client OS: 

  

	 	6.	Client Browser type and Version:  

  

	 	7.	Site Display Name:  

  

	 	8.	Member Item ID: 

  

	 	9.	Specific to a Site:  

  

	 	a.	If No, list additional Sites:  

  

	 	10.	Expected Result:  

  

	 	11.	Actual Result: 

  

	 	a.	Error Code:  

  

	 	b.	Actual Result Frequency: 

  

	 	c.	Repeatable by Others: Yes/No 

  

	 	12.	Steps to Reproduce: 

  

	 	a.	     

  

	 	13.	Additional Info/Attachments:  

  

	 	H.	PRODUCT LIFECYCLE 

 Yodlee will support the then-current Major Release of each Service plus two Major
Releases back (e.g., if the then current Major Release is 9.x, support per this SLA would be provided for 9.x, 8.x, and 7.x). If a Defect is discovered during this phase, Yodlee will respond and address the Defect in accordance with the provisions
of this SLA. Yodlee will make new Major Releases generally available to its clients no more frequently than once per year on average. 
 Once a Major
Release is more than two versions older than the then-current Major Release, that version will be deemed “EOL” and Defect support per this SLA will no longer be available (e.g. when the current Major Release is 9.x, version 6.x will no
longer be supported per this SLA). Yodlee Support will attempt to answer questions concerning the EOL version of the product, but support will not be provided per the requirements of this SLA. 

 

	 	I.	MINOR AND MAINTENANCE RELEASES 

 In conjunction with the above Product Lifecycle, Yodlee will provide
BANA with Minor Releases and Maintenance Releases on a periodic basis for no additional fee. The frequency of Maintenance Releases will depend upon the number of field reported escalations from BANA and/or Defects reported from Yodlee Support,
Operations, Engineering and QA groups. For P1 issues Yodlee will promptly provide a Hotfix once that fix becomes available (coded and tested). Yodlee will obtain Bank of America advance approval for all releases that impact Bank of America code.

  

	 	J.	REPORTS 

 Yodlee will provide the following to BANA on a daily basis by at 10 p.m. eastern of the
following day: 
 Daily Refresh Health Summary Report 
  

**** Certain information on this page has been omitted and filed separately with the Securities and Exchange Commission. Confidential treatment has been
requested with respect to the omitted portions. 

  
 Page 18 of 36 

 Yodlee will provide the following to BANA on a weekly basis by the second day at 5 p.m. eastern the following
week: 
 User Report 
 Yodlee will provide the
following to BANA on a monthly basis by the 10th day at 5 p.m. eastern of the following month: 
  

	 	1.	Scorecard Metrics: SR volume, Average Response Time, Average Resolution Time, SLA achievement. 

  

	 	2.	Save for a Goal usage summary report 

  

	 	3.	Category based usage summary report 

  

	 	4.	Population Report 

  

	 	5.	List of added, deleted and re-branded Site report 

  

	 	K.	FILE FEEDS 

 Yodlee to provide BANA a custom BAC My Portfolio data extract file for previous day activity
by 10:00 am ET every day. Monday morning files will contain all data. All other days will have a delta from the previous day. 
 Late or missed
files will be escalated to Yodlee through the standard escalation process. 
  

	 	L.	SLA’S FOR SOW’S WITH CODE DELIVERY 

 Unless otherwise outlined in the Statement of Work, the
following SLA’s for code delivery will apply to all Statements of Work under this Agreement 
  

	•	 	Following the delivery of QA Certified code, Yodlee will make commercially reasonable efforts to adhere to the following Defect resolution SLA’s throughout CIT and SIT. Failure to meet the SLA target resolution
will not constitute breach of the Agreement. Elapsed time due to dependencies on Bank of America inputs or direction will not be considered in the Yodlee resolution time. 

 

	•	 	Supplier will deliver code as needed and agreed between project teams during testing phases to correct all material defects in timely manner and as necessary to meet the project timeline. 

 

	•	 	The priority/Severity levels will be mutually agreed upon by the parties in accordance with the description in the Agreement 

  

**** Certain information on this page has been omitted and filed separately with the Securities and Exchange Commission. Confidential treatment has been
requested with respect to the omitted portions. 

  
 Page 19 of 36 

							
	 Severity
/ Priority
Code
	  	 Severity
Value
	  	 Description
	  	 SLA Target Resolution

	1	  	Urgent	  	As outlined in Schedule C-1, Section F to the Agreement	  	Emergency build if blocking issue, otherwise fixed by next scheduled QA build, typically within 48 hours.
	2	  	High	  	As outlined in Schedule C-1, Section F to the Agreement	  	 Test environment:
  

Root Cause identification within 48 hours and documentation of anticipated fix date within 96 hours. All Urgent and High issues must be fixed prior to
launch.

	3	  	Medium	  	As outlined in Schedule C-1, Section F to the Agreement	  	Defect will be triaged and a fix date will be established prior to test cycle completion. Medium defects are rectified on a prioritized basis with Bank of America with the expectation that a resolution will be determined prior to
launch.
	4	  	Low	  	As outlined in Schedule C-1, Section F to the Agreement	  	Low defects are scheduled for resolution based on a prioritized basis with Bank of America and generally come after all Medium defects are resolved. Expectation is that a small number of Low defects may carry forward to post
Launch.

  
 **** Certain information on this page has been omitted
and filed separately with the Securities and Exchange Commission. Confidential treatment has been requested with respect to the omitted portions. 

  
 Page 20 of 36 

	 	M.	PAGE LOAD TIMES 

 Web Page 

 

			
	 SLA
	  	 Web Page Performance

	Defined As:	  	The time taken for the server to render a web page, including but not limited to all Java Server pages and Finapp content and account information displayed to the end user for the Yodlee hosted services.
	Goals:	  	Web Page Performance: Each page type will have a time bound service level as defined in Table A
	Methodology	  	 Yodlee will use its application performance monitoring (APM) system which represents real user experience for all Bank of America users to
measure the web page load times as defined below in Table A.
  
 All web pages called out
in Table A will be measured in real time from the user browser to the Yodlee services and back.
  

Scheduled downtime and scheduled maintenance periods will be excluded from web page SLA measurements. In addition, all internet events that not within Yodlee
control will be excluded from the calculation.
  
 Average Page Load Time - Total time for
each specific page to load divided by the total number of all specific pages rendered in a month. For each web page, a minimum of one thousand pages must be available in order for this calculation to be included in the liquidated damages (credit)
determination.
  
 Page Load Reporting: Supplier shall provide monthly reporting by the 15th day of the following month indicating the performance of pages outlined below If Bank of America or Supplier has concerns with the reporting, Supplier and Bank of America shall jointly work to
satisfy such concerns. If not satisfied, Bank of America, at its option, may take over the reporting of this metric and will reasonably satisfy any questions by Supplier related to the method of calculations. If any SLA changes are needed to
accommodate the change in reporting responsibility, the Parties will agree to such changes in writing.
  

If in the future changes are made to any of the pages that are part of Table A or Bank of America has concerns with the page load performance, both Yodlee and
Bank of America will agree to review the page load time and reasonably negotiate any necessary adjustment to the metrics.

  
 **** Certain information on this page has been omitted
and filed separately with the Securities and Exchange Commission. Confidential treatment has been requested with respect to the omitted portions. 

  
 Page 21 of 36 

			
	Expectations:	  	 Yodlee will achieve or surpass the Web Page Performance levels stated below in Table A.

 
 Failure to meet page load times: If Supplier fails to meet the Average Page Load Time for
any given page by [****] or more seconds or fails to meet the maximum load percentage, Supplier will provide an Incident Report to Bank of America within five (5) business days. The incident report will outline the cause of the issue and the action
plan for avoiding delays in the future.
  
 Liquidated Damages: If Supplier fails to meet
the Average Page Load Time for any given page by [****] or more seconds or fails to meet the maximum load percentage, Supplier will pay an amount equal to [****] of that month’s Monthly Active User fees.

 
 Example: If in one month, Supplier experiences an Average Page Load Time of [****] seconds
of the My Portfolio Account Groups pages with Monthly Active User fees of [****], the liquidated damages for that month shall be:
  

My Portfolio: [****]

 TABLE A: Performance Render Time Standards by Page Type for the My Portfolio Service 

 

			
	 Web Page
	  	 Render Time

	Dashboard	  	 Range: [****] seconds
 Average Page Load Time:
[****] seconds
 Maximum load percentage: [****] of pages loaded over [****] seconds.

	Account Summary	  	 Range: [****] seconds
 Average Page Load Time::
[****] seconds
 Maximum load percentage: [****] of pages loaded over [****] seconds.

	Transactions	  	 Range: [****] seconds
 Average Page Load Time::
[****] seconds
 Maximum load percentage: [****] of pages loaded over [****] seconds.

	Networth	  	 Range: [****] seconds
 Average Page Load Time::
[****] seconds
 Maximum load percentage: [****] of pages loaded over [****] seconds.

	Investments	  	 Range: [****] seconds
 Average Page Load Time:
Avg: [****] seconds
 Maximum load percentage: [****] of pages loaded over [****] seconds.

	Real Estate	  	 Range: [****] seconds
 Average Page Load Time:
Avg: [****] seconds
 Maximum load percentage: [****] of pages loaded over [****] seconds.

	Rewards	  	 Range: [****] seconds
 Average Page Load
Time::[****] seconds
 Maximum load percentage: [****] of pages loaded over [****] seconds.

	Budgets	  	 Range: [****] seconds
 Average Page Load Time:
[****] seconds
 Maximum load percentage: [****] of pages loaded over [****] seconds.

 
 **** Certain information on this page has been omitted and filed separately with the
Securities and Exchange Commission. Confidential treatment has been requested with respect to the omitted portions. 

  
 Page 22 of 36 

			
	Save for a Goal	  	 Range[****] seconds
 Average Page Load
Time:[****] seconds
 Maximum load percentage: [****] of pages loaded over[****] seconds.

	Track Spending	  	 Range: [****] seconds
 Average Page Load Time:
[****] seconds
 Maximum load percentage: [****] of pages loaded over [****] seconds.

	Categories	  	 Range: [****] seconds
 Average Page Load Time:
[****] seconds
 Maximum load percentage: [****] of pages loaded over [****] seconds.

	Account Groups	  	 Range: [****] seconds
 Average Page Load Time:
[****] seconds
 Maximum load percentage: [****] of pages loaded over [****] seconds

		
	Bill Reminder	  	 Range: [****] seconds
 Average Page Load Time:
Avg: [****] seconds
 Maximum load percentage: [****] of pages loaded over [****] seconds.

  
 **** Certain information on this page has been omitted
and filed separately with the Securities and Exchange Commission. Confidential treatment has been requested with respect to the omitted portions. 

  
 Page 23 of 36 

 SLA EXHIBIT I – OPERATIONS, AGENT ERROR, AND USER ACTION ERROR 

SAMPLE OPERATIONS MONTHLY REPORT 

[****] 
 Production Full Outage Issues 

 

	 	•	 	05/05/2014 between 01:50 PM PST to 02:05 PM PST Network switches that support connection from the database servers to the disk storage arrays (EMC disk storage) went down and caused a database server failover.
During the failover the web/app servers lost connection to the database servers. Once the data base server was up and running (after failover -few minutes), the web/app servers reconnected to the database and at that point service was fully
restored. 

 Production Partial Outage Issues 
  

	 	•	 	None 

 Scheduled Maintenance 
  

	 	•	 	05/01/2014 10:00 PM to 05/02/2014 02:00 AM PST. Database maintenance for the patch upgrade. Also added a new node to the cluster group Completed: 240 Maintenance minutes used 

 

	 	•	 	05/22/2014 10:00 PM to 11:45 PM PST. Database maintenance Completed: 105 Maintenance minutes used 

SAMPLE AGENT AND ACTION REQUIRED ERRORS MONTHLY REPORT 
  

 
  
 **** Certain information on this page has been
omitted and filed separately with the Securities and Exchange Commission. Confidential treatment has been requested with respect to the omitted portions. 

  
 Page 24 of 36 

  
 

 
 SAMPLE DATA QUALITY EVENTS MONTHLY REPORT 

 

																	
	Category	  	# Agent Errors Reported
To Active Users	 	  	# Successful Updates
Reported To Active
Users	 	  	% Agent
Errors	 	 	% Users
Impacted	 
	 BAC Scrape or Feed Site
	  	 	5,000	  	  	 	200,000	  	  	 	2.5	% 	 	 	.04	% 
	 Held-Away Accounts
	  	 	1,000	  	  	 	50,000	  	  	 	2.0	% 	 	 	1.2	% 

  
 **** Certain information on this page has been omitted
and filed separately with the Securities and Exchange Commission. Confidential treatment has been requested with respect to the omitted portions. 

  
 Page 25 of 36 

 SLA EXHIBIT II 

SAMPLE ROOT CAUSE ANALYSIS REPORT 
  

			
	Date:	  	
	Customer(s) affected:	  	
	Start Time:	  	
	Stop Time:	  	
	SR #	  	
	YCM #	  	
	SLA ticket #	  	
	Prepared by:	  	

  

	
	How was the Problem detected or reported:
	
	
	Impact analysis:
	
	
	Problem Summary:
	
	
	Resolution:
	

  

	
	Yodlee Escalation & Resources Involved:
	Ops-Monitoring:
	Customer-Care:
	Ops-Support
	Ops-Engg:
	Ops-Mgmt:
	DBA:
	Sustaining:

  
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and filed separately with the Securities and Exchange Commission. Confidential treatment has been requested with respect to the omitted portions. 

  
 Page 26 of 36 

 SLA EXHIBIT III 

YODLEE ESCALATION CONTACT LIST 
 In
the event that Yodlee has not met its SLA obligations within the time frame specified or Support received does not meet the spirit of this SLA, Bank of America may escalate a given issue according to this contact list. 

Primary: 
 Sr. Manager, Client Services 

Name: 
 Email: 

Office: 
 Alternate: 

VP, Client Services 
 Name: 

Email: 
 Office: 

VP, Saas Infrastructure & Delivery 
 Name: 

Email: 
 Office: 

SVP, Operations and Information Security 
 Name: 

Email: 

  
 Bank of America Confidential 

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 Page 27 of 36 

 SCHEDULE C-2 

MFP Support Levels and Procedures 

 
 YODLEE PLATFORM SUPPORT
LEVELS AND PROCEDURES (SLA) 
 Yodlee shall provide Bank of America access to Yodlee technical support personnel to assist Bank of America with the
resolution of problems with the Yodlee Services described on the Product Schedule(s). A sufficient number of trained, qualified personnel shall be designated by Yodlee to respond to telephone and web inquiries by Bank of America in accordance with
the provisions and response times as set forth in this SLA. Bank of America will escalate problems to Yodlee after having provided the first level of support (Tier 1 support) to Bank of America’s Registered Users. Additional product-specific
SLA terms (if applicable) are attached to the relevant Product Schedule(s) and are incorporated herein by reference. 
  

	A.	DEFINITIONS 

  

	 	1.	“Action Plan” means the plan of the Support Engineer on how to resolve a Service Request once it is accepted into the engineer’s work log. An action plan will consist of a Problem Statement, steps
to resolve, and estimated time to resolution. 

  

	 	2.	“Agent” or “Data Agent” means the site-specific code that traverses a Data Source’s web pages or makes a direct, electronic connection to a Data Source to obtain data. 

 

	 	3.	“Agent Errors” [****]. 

  

	 	4.	“Business Day” means 7am Pacific Time (“PT”) to 7 pm PT Monday through Friday, excluding Yodlee Holidays. 

 

	 	5.	“Data” means Customer Data retrieved by Yodlee from a Data Source. 

  

	 	6.	“Data Quality Event” means an event where the Data is not complete or correct, as specified in Section C herein, provided that Data Quality Events shall not include Data issues due to reasons beyond
Yodlee’s control, such as UAR Errors and Site Errors. 

  

	 	7.	“Defect” means a software defect, acknowledged by Yodlee with a bug tracking number and associated with a Service Request, that prevents the Service from operating as described in the documentation or
causes the Service to operate in a manner materially different than described in the documentation. 

  

	 	8.	“Emergency Maintenance” means critical system changes that cannot wait for Scheduled Maintenance. These changes could destabilize the system if not addressed expeditiously. 

 

	 	9.	“Held Away Account” means an account at an institution other than Bank of America. 

  

	 	10.	“Hotfix” means one specific Defect fix for a given case (usually relates to a P1 Service Request). 

  

	 	11.	“Major Release” means a major upgrade to the product containing new features along with product defect fixes. (Version number X.x.x) 

 

	 	12.	“Minor Release” means a scheduled update to a Major Release that includes some new features. (Version number x.X.x) 

 

	 	13.	“Maintenance Release” means a scheduled update to a Minor Release to correct and consolidate defects. (Version number x.x.X) 

 

	 	14.	“Priority” means the Table C priority level assigned to each individual Service Request. 

  

	 	15.	“Problem Definition” means the phase where the problem is identified and a problem statement is prepared and presented to Bank of America. 

 

	 	16.	“Problem Statement” means a concise statement defining the problem. 

  

	 	17.	“Scheduled Maintenance” means system/software/Service maintenance that are scheduled to fix non critical errors and implement system/software/Service changes. These are primarily scheduled during
weekend off hours. 

  

	 	18.	“Site Errors” means the types of failures that relate to Data Source errors, due to a maintenance window, network, datafeed or system outage, or other internal failure at the Data Source. These are not
regarded as product or service “defects”, and are therefore not subject to the SLA commitments defined herein. Site-related failures are measured daily and are measured reported as an aggregate percentage. A current list of Site Error
codes (which Yodlee may update periodically) will be provided. 

  
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requested with respect to the omitted portions. 
 Page 28 of 36 

	 	19.	“Service Request” means a problem that is reported by Bank of America. A unique ID number identifies each Service Request. 

 

	 	20.	“Technical Support Initial Response Time” means the period that starts when Bank of America or member of Technical Support Staff opens a Service Request (as defined by the assignment of a unique Service
Request ID number). 

  

	 	21.	“UAR Error” or User Action Required Error” means the types of failures that result from a dependency on a Registered User. This may be the result of inaccurate information provided by the
Registered User or the need for an Registered User to perform some action on the Data Source before the Data Agent can be successfully executed. These are not regarded as product or service “defects”, and are therefore not subject to the
SLA commitments defined herein. A current list of UAR Error codes (which Yodlee may update periodically) will be provided. 

  

	 	22.	“Update” means the periodic update given to Bank of America on the status of the Service Request that will include: a statement of the problem, what has been done to this point to resolve the problem,
what the next steps are toward reaching resolution and estimated time to resolution. 

  

	 	23.	“Uptime” means the total time the Service is available during a particular period. The total time reflects time taken to resolve all P1 problems. 

 

	 	24.	“Yodlee CustomerCare” means Yodlee’s online system for reporting, escalating, and resolving customer issues, Bank of America’s usage of which is limited solely to the following modules and
features absent a separate Yodlee CustomerCare Product Schedule and Bank of America’s payment of additional Yodlee CustomerCare fees: Administration Module, Customer Management Module (including Customer Profile Data), and GroupPolicyManager.

  

	B.	AVAILABILITY 

 Yodlee will expend commercially reasonable efforts to meet and/or exceed the following
operational performance metrics: 
  

	 	1.	[****]% system uptime per month if test accounts (Yodlee credentials utilized to monitor the service) are provided by Bank of America (Scheduled or Emergency Maintenance excluded). 

 

	 	2.	[****]% system uptime per month if no test accounts (for the Service) provided by Bank of America (Scheduled of Emergency Maintenance excluded). 

 

	 	3.	Scheduled Maintenance/Downtime 

  

	 	a.	Yodlee shall provide Bank of America with at least [****] calendar days notice of any Scheduled Maintenance. 

  

	 	b.	Scheduled Maintenance shall not exceed [****] hours downtime in a particular instance and [****] in aggregate in any given month unless pre-approved by BAC. 

 

	 	c.	Standard Scheduled maintenance windows are Saturdays from 10:00 pm to 2:00 am PT (1:00 am-5:00 am ET) 

  

	 	d.	On occasion, Emergency Maintenance may be required. Emergency Maintenance may include, but is not limited to security related issues and/or technical problems that could impact the availability of the Service. In such
cases, Yodlee will notify Bank of America prior to downtime as time permits. 

  

	 	4.	Outage Reports 

  

	 	a.	Yodlee will provide a Root Cause Analysis (RCA) report (SLA Exhibit II) within [****] of closure of P1 incidents. 

  

	 	5.	Credits - If for any reason Yodlee does not meet [****]% Service uptime, the following applies: 

  

	 	a.	For the first month that Service uptime is below [****]%, Yodlee shall: 

  

	 	•	 	Provide Bank of America with a root cause analysis of downtime events 

  

	 	•	 	Provide Bank of America with a written corrective action plan 

  

	 	b.	If Service uptime falls below [****]% for a [****], Yodlee shall: 

  

	 	•	 	Provide Bank of America with a root cause analysis of downtime events 

  

	 	•	 	Provide Bank of America with a written corrective action plan 

  

	 	•	 	Apply a credit of [****]% against monthly invoice for usage fees for the second month that Service uptime is below [****]% 

  
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requested with respect to the omitted portions. 
 Page 29 of 36 

	 	c.	If Service uptime falls below [****]% for any [****], Yodlee shall: 

  

	 	•	 	Provide Bank of America with a root cause analysis of downtime events 

  

	 	•	 	Provide Bank of America with a written corrective action plan 

  

	 	•	 	Apply a credit of [****]% against monthly invoice for usage fees for the [****] month that Service uptime is below [****]% 

  

	 	d.	If Service uptime for any [****] month falls below [****]%, Yodlee shall: 

  

	 	•	 	Provide Bank of America with a root cause analysis of downtime events 

  

	 	•	 	Provide Bank of America with a written corrective action plan 

  

	 	•	 	Apply a credit of [****]% against monthly invoice for usage fees for the failed month 

  

	 	e.	If Service uptime falls below [****]% for any [****][****], Yodlee shall: 

  

	 	•	 	Apply a credit of [****]% against monthly invoice for usage fees for the [****] failed month, or 

  

	 	•	 	Bank of America shall have the right to terminate the Agreement. 

 SCHEDULE C-1, SECTIONS C
THROUGH J AND SECTION L SHALL APPLY TO THE SERVICES IN SCHEDULE A-2 
  

	 	K.	PAGE LOAD TIMES 

 Web Page 

 

			
	 SLA
	  	 Web Page Performance

	Defined As:	  	The time taken for the server to render a web page, including all content and account information displayed to the end user for the Yodlee hosted services.
	Goals:	  	Web Page Performance: Each page type will have a time bound service level as defined in Table A.
	Methodology	  	 Yodlee will use its application performance monitoring (APM) system which represents the real user experience for all Bank of America users
to measure the web page load times as defined below in Table A.
  
 All Web pages called
out in Table A will be measured in real time from the user browser to the Yodlee services and back.
  

Scheduled downtime and scheduled maintenance periods will be excluded from web page SLA measurements. In addition, all internet events that are not within
Yodlee control will be excluded from the calculation.
  
 Average Page Load Time - Total
time for each specific page to load divided by the total number of all specific pages rendered in a month. For each web page, a minimum of one thousand pages must be available in order for this calculation to be included in the liquidated damages
(credit) determination.
  
 Page Load Reporting:

 
 Supplier shall provide monthly reporting by the 15th day of the following month indicating the performance of pages outlined below. If Bank of America or Supplier has concerns with the reporting, Supplier and Bank of America
shall

  
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 Page 30 of 36 

			
		  	 jointly work to satisfy such concerns. If not satisfied, Bank of America, at its option, may take over the reporting of
this metric and will reasonably satisfy any questions by Supplier related to the method of calculations. If any SLA changes are needed to accommodate the change in reporting responsibility, the Parties will agree to such changes in writing.

 
 If in the future changes are made to any of the pages that are part of Table A both
Supplier and Bank of America will agree to review the page load time and make any necessary adjustments to the average performance numbers.

		
	Expectations:	  	 Yodlee will achieve or surpass the Web Page Performance levels stated below in Table A

 
 Failure to meet page load times: If Supplier fails to meet the Average Page Load Time for
any given page by one (1) or more seconds or fails to meet the maximum load percentage, Supplier will provide an Incident Report to Bank of America within five (5) business days. The incident report will outline the cause of the issue and the action
plan for avoiding delays in the future.
  
 Liquidated Damages: If Supplier fails to meet
the Average Page Load Time for any given page by [****] or more seconds or fails to meet the maximum load percentage, Supplier will pay an amount equal to [****]% of that month’s Monthly Active User fees.

 
 Example: If in one month, Supplier experiences an average page load time of [****] seconds
for the My Financial Picture Account Groups pages with Monthly Active User fees of $[****] the liquidated damages for that month shall be:
  

My Financial Picture: [****]

 TABLE A: Performance Render Time Standards by Page Type for the MFP Service 

 

			
	 WEB PAGE
	  	Monthly RENDER TIME
	Networth Page	  	 Range: [****] seconds
 Target Avg: [****]
seconds.
 Maximum load percentage: [****]% of pages loaded over [****] seconds.

	Log Out User’s Session from Yodlee	  	 Range: [****] seconds
 Target Avg: [****]
seconds
 Maximum load percentage: [****]% of pages loaded over [****] seconds.

	Navigating within Yodlee Hosted solution- Account, Budget, Manage	  	 Range: [****] seconds
 Target Avg: [****]
seconds
 Maximum load percentage: [****]% of pages loaded over 9 seconds.

	MY Rewards	  	 Range: [****] seconds
 Target Avg: [****]
seconds
 Maximum load percentage: [****]% of pages loaded over [****] seconds.

	Budget	  	 Range :[****]seconds
 Target Avg: [****]
seconds
 Maximum load percentage: [****]% of pages loaded over [****] seconds.

  
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	 WEB PAGE
	  	Monthly RENDER TIME
	Manage account	  	 Range: [****]seconds
 Target Avg: [****]
seconds
 Maximum load percentage: [****]% of pages loaded over [****] seconds.

	Dashboard	  	 Range: [****]seconds
 Target Avg: [****]
seconds
 Maximum load percentage: [****]% of pages loaded over [****] seconds.

  
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 Page 32 of 36 

 SLA EXHIBIT II 

SAMPLE ROOT CAUSE ANALYSIS REPORT 
  

			
	Date:	  	
	 Customer(s) affected:
	  	
	 Start Time:
	  	
	 Stop Time:
	  	
	 SR #
	  	
	 YCM #
	  	
	 SLA ticket #
	  	
	 Prepared by:
	  	

  

			
	How was the Problem detected or reported:
	

  

			
	Impact analysis:
	

  

			
	Problem Summary:
	

  

			
	Resolution:
	

  

					
	Yodlee Escalation & Resources Involved:
	 Ops-Monitoring:
	 		 	
	 Customer-Care:
	 		 	
	 Ops-Support
	 		 	
	 Ops-Engg:
	 		 	
	 Ops-Mgmt:
	 		 	
	 DBA:
	 		 	
	 Sustaining:
	 		 	

  
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 Page 33 of 36 

 SCHEDULE E 

Background Checks 
  

BACKGROUND SCREENING GUIDELINES 
  

	•	 	In accordance with and subject to the terms and conditions of this Agreement, prior to any person being trained, assigned and beginning work for Bank of America (“Contract Person”) under this Agreement, Vendor
shall administer the background screening guidelines and shall comply with the additional requirements all as set forth in this Schedule E. 

Vendor shall keep copies of background screening documentation and provide certification of their completion to Bank of America when requested
during the time that the Contract Person provides Services under this Agreement. Additionally, Vendor shall allow Bank of America to audit a Bank of America-determined random sample of redacted (personally identifiable information removed) screening
documentation and compliance when requested. 
  

	•	 	Screening requirements: 

  

	 	1.	Validate United States citizenship or certification to work in the United States. 

  

	 	2.	If the Contract Person was previously employed by Bank of America or any of its Affiliates, confirm that the Contract Person is eligible for rehire. If not, that person may not be assigned to work at Bank of America.

  

	 	3.	Search of Contract Person’s social security number to verify the accuracy of the individual’s identity and current and previous addresses. 

 

	 	4.	A comprehensive criminal background check of all criminal court records (misdemeanor, felony and federal courts) in each venue of the Contract Person’s current and previous home addresses for the past ten
(10) years or as such time period permissible in accordance with law to the date of being assigned to work on Bank of America’s services. 

  

	 	5.	Vendor should obtain from Contract Person, a minimum of at least two (2) confirmed work references prior to assignment at Bank of America if required by the applicable Bank of America business unit and evidenced by
a writing in their requirements document as may be updated from time to time. 

  

	 	6.	At Bank of America’s request and at Bank of America’s expense, Vendor will ensure completion of the verification of any post high school education or degrees (i.e., B.A., B.S., Associate, or professional
certifications). 

  

	•	 	Vendor will comply with the following actions. 

  

	 	1.	Background checks will be conducted for every new assignment regardless of Contract Person’s previous assignment history except this shall not apply to lapses between assignments at Bank of America that are less
than three (3) months. 

  

	 	2.	Vendor will work collaboratively with Bank of America and will not place any resources deemed ineligible for reassignment as designated by Bank of America’s approved vendor management system (which may include
establishing a unique identifier for each Contract Person). 

  

	 	3.	Vendor will not assign or permit any Contract Person to provide Services under this Agreement who have not been placed on assignment in compliance with the procedures listed in this Schedule. 

 

	 	4.	Vendor will not assign any Contract Person who has been convicted of a criminal offense involving dishonesty or a breach of trust or money laundering, or has agreed to enter into a pretrial diversion program or similar
program in connection with the prosecution for such offense as described in Section 19 of the Federal Deposit Insurance Act, 12 U.S.C. 1829(a). 

  
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	 	5.	To the extent permitted by law, Vendor will not assign or permit any Contract Person to provide Services under this Agreement who, in the previous ten (10) year period, pled guilty to, no contest, or has been
convicted of or entered a pretrial diversion program in connection with the prosecution of any criminal offense regardless of whether described as a felony or as a midemeanor involving dishonesty, a breach of trust, or money laundering
(excluding traffic violations not involving personal or property damage); including but not limited to: 

  

									
	 •       
	 	Purchase or Sale of a Security	  	 •       Manslaughter
	 	 •       
	  	Petit (Petty) Larceny
	 •       
	 	Burglary	  	 •       Rape
	 	 •       
	  	Use or Possession of Stolen Property
	 •       
	 	Counterfeiting	  	 •       Criminal Sexual Conduct
	 	 •       
	  	Arson
	 •       
	 	Forgery	  	 •       Crimes Against Children
	 	 •       
	  	Serious Assault
	 •       
	 	Extortion	  	 •       Embezzlement; Theft
	 	 •       
	  	Serious Battery
	 •       
	 	Murder	  	 •       Conspiracy
	 	 •       
	  	Domestic Violence
	 •       
	 	Making a False Statement to a Government Official, Law Enforcement Officer, or Under Oath	  	 •       Robbery
	 	 •       
	  	Terrorist Threats

  

	 	6.	A Contract Person on assignment at Bank of America who has been assigned a unique Bank of America identifier (“NBK ID” or any similar or replacement identifier system) must complete mandated compliance
training courses issued by Bank of America on a periodic basis as required by regulation and other requirements. Refusal to complete such mandated training courses will result in immediate termination of Contract Person’s assignment.

  

	•	 	During the term of the Agreement, Vendor shall: 

  

	 	1.	Inform Bank of America immediately if it suspects or has determined that any Contract Person providing services under this Agreement is engaged in (1) unlawful activity involving or related to the services provided
under this Agreement or (2) activity that would be a violation of the terms and conditions of this Agreement, including, but not limited to: 

  

							
	 •       
	  	Insider Trading	  	 •       
	  	Breach of confidentiality
	 •       
	  	Improper or illegal use of information obtained as a result of Contract Person’s performance of the Services under this Agreement	  	 •       
	  	Abusive or inappropriate action or communication directed to a Bank of America employee
	 •       
	  	Making a false statement to a Bank of America employee	  	 •       
	  	Sexual harassment of a Bank of America employee
	 •       
	  	Theft	  		  	

  

	 	2.	Provide reasonable cooperation to Bank of America in any Bank of America investigation of alleged breach of the terms of this Schedule by Contract Person. 

 

	•	 	Those Contract Persons placed within the Consumer Real Estate / Mortgage business and any other lines of business that may have similar requirements will have the following databases checked as part of the Financial
Sanctions Search, such check to be administered by a Bank of America’s preferred service provider: 

  

	 	1.	General Services Administration List of Parties Excluded (GSA) 

 Any additional checks that are
identified as a requirement will be documented in writing and submitted to Vendor for review, and Vendor will be allowed a reasonable and mutually agreed upon timeframe to implement such additional checks. In the event additional checks need to be
conducted on currently engaged Contract Persons, such checks shall be at Bank of America’s expense based upon a mutually agreed process and timeline as evidenced in writing. 

 

	•	 	Pre-hire authorization and FINRA (Financial Industry Regulatory Authority) fingerprint screening and/or FBI fingerprint screening may be required for some Contract Person within certain lines of business at Bank of
America locations. The process will be determined, managed and paid for by Bank of America and communicated to the Vendor. 

  
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 Page 35 of 36 

			
	

	  	Vendor Personnel
	  	 Background Check/Fingerprinting

 
 Authorization Form

	  

  

			
	PLEASE PRINT LEGIBLY	  	TRY NOT TO TOUCH THE SIDES OF THE BOXES

  

							
	Name (First, MI, Last)	  	Social Security Number	 	Date of Birth	 	Today’s Date
	 	  	 ̈ ̈ ̈ –  ̈ ̈ –  ̈ ̈ ̈ ̈	 		 	 

			
	Current Address – Street City State Zip Code	 	Telephone
	 	 	 

 Please read the following statements carefully before signing and completing this document. If you have any questions
regarding the content of this document, please ask them of your Vendor representative before signing and completing. 
  

	 	•	 	I acknowledge and agree that I am an employee or subcontractor of
                                        
(“Vendor”). 

			
	Print Name of Vendor / Employer	 	

  

	 	•	 	I further acknowledge that I am not an employee of Bank of America Corporation, or one of its predecessors, subsidiaries or affiliates, including but not limited to among others, Countrywide Home Loans, Inc.,
Countrywide Bank FSB, CWB Mortgage Ventures LLC, Countrywide KB Home Loans LLC, Fleet National Bank, LaSalle Bank, N.A. (collectively, the “Company”). 

  

	 	•	 	I further acknowledge that the Vendor employs me to, among other things, perform certain work and has placed me on assignment at the Company (the “Services”). 

 

	 	•	 	I understand that in addition to the specific requirements for employment eligibility required by the Vendor, federal and state laws may require the Company to perform additional fingerprinting and / or background
checks from time to time. 

  

	 	•	 	I hereby give Bank of America permission to conduct additional fingerprinting and / or additional background checks as required by federal and state laws. 

 

	 	•	 	I hereby release Bank of America, its officers, directors, employees or agents and any such individuals, corporations, or organizations who provide such information or who conduct such inquiries from any liability for
claims for damages in relation to such contacts or inquiries. 

  

	 	•	 	I understand that nothing contained in this document is intended to imply that I am an employee of the Company. I authorize the Company and / or its agents to conduct a thorough inquiry into all areas deemed necessary
to validate my eligibility for continued placement on assignment to provide Services. I certify that all information provided on this Vendor Personnel Background Check Authorization Form is true and complete. I understand that any omission or
misinformation on this form may prohibit my continued or future assignment to the Company or be grounds for an immediate removal from any ongoing assignment / placement with the Company whenever such omission or misinformation is discovered.

  

	 	•	 	I understand that refusal to permit the described background investigation will result in the Company requesting that Vendor immediately remove me from any ongoing assignment / placement with the Company.

  

					
	  
	 		 	  

	Signature	 		 	Date

  
 Bank of America Confidential 

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requested with respect to the omitted portions. 
 Page 36 of 36Exhibit 10.1

 

EMPLOYMENT AGREEMENT

 

This Employment Agreement
(the “Agreement”), entered into and effective as of July 14, 2014 (the “Effective Date”),
is by and between InspireMD, Inc., a Delaware corporation (the “Company”), and James J. Barry PhD, an individual
(the “Executive”).

 

PRELIMINARY STATEMENTS

 

A.            The
Company desires to employ the Executive as its Executive Vice President and Chief Operating Officer, and the Executive desires
to be employed by the Company as its Executive Vice President and Chief Operating Officer.

 

B.            The
Company and the Executive desire to set forth in writing the terms and conditions of their agreement and understanding with respect
to the employment of the Executive as its Executive Vice President and Chief Operating Officer.

 

C.            Capitalized
terms used herein and not otherwise defined have the meaning for them set forth on Exhibit A attached hereto and incorporated
herein by reference.

 

The parties, intending
to be legally bound, hereby agree as follows:

 

I.           EMPLOYMENT
AND DUTIES

 

1.1           Duties.
The Company hereby employs the Executive as an employee, and the Executive agrees to be employed by the Company, upon the terms
and conditions set forth herein. While serving as an employee of the Company, the Executive shall serve as Executive Vice President
and Chief Operating Officer of the Company. The Executive shall report to the President and Chief Executive Officer of the Company
and shall have such power and authority and perform such duties, functions and responsibilities as are associated with and incident
to such positions, and as the President and Chief Executive Officer may from time to time require of him; provided, however, that
such authority, duties, functions and responsibilities are commensurate with the power, authority, duties, functions and responsibilities
generally performed by the Executive Vice President and Chief Operating Officer of public companies which are similar in size and
nature to, and the financial position of, the Company, including, but not limited to, management responsibility for the operations
and administration of the Company. The Executive also agrees to serve, if elected, as an officer of any other direct or indirect
subsidiary of the Company or InspireMD Ltd., the wholly-owned subsidiary of the Company (“Subsidiary”), in each
such case at no compensation in addition to that provided for in this Agreement, but the Executive serves in such positions solely
as an accommodation to the Company and such positions shall grant him no rights hereunder. The Company will use reasonable efforts
to cause the Executive to be nominated for election as a member of the Board as long as the Executive continues to serve as its
Executive Vice President and Chief Operating Officer.

 

    	 

    	 

    

 

 

1.2           Services.
During the Term (as defined in Section 1.3), and excluding any periods of vacation, sick leave or Disability, the Executive agrees
to devote his full business time, attention and efforts to the business and affairs of the Company. During the Term, it shall not
be a violation of this Section 1.2 for the Executive to (a) serve on civic or charitable boards or committees, (b) serve on three
(3) for-profit corporate boards (in addition to the Company’s Board of Directors) at any one time (provided that such
activities do not create a conflict with Executive’s employment hereunder as determined by the President and Chief Executive
Officer in his reasonable discretion), (c) deliver lectures or fulfill speaking engagements, or (d) manage personal investments,
so long as such activities do not interfere with the performance of the Executive’s responsibilities in accordance with this
Agreement. The Executive must request the President and Chief Executive Officer’s prior written consent to serve on a corporate
board, which consent shall be at the Chief Executive Officer’s reasonable discretion and only so long as such service does
not interfere with the performance of his responsibilities hereunder.

 

1.3           Term
of Employment. The term of this Agreement shall commence on the Effective Date and shall continue until 11:59 p.m. Eastern
Time on July 14, 2017 (the “Initial Term”) unless sooner terminated or extended as provided hereunder. This
Agreement shall automatically renew for additional one-year periods on July 14, 2017 and on each and every July 14th thereafter
(each such extension, the “Renewal Term”) unless either party gives the other party written notice of its or
his election not to extend such employment at least six months prior to the next July 14th renewal date. Further, if
a Change in Control occurs when less than two full years remain in the Initial Term or during any Renewal Term, this Agreement
shall automatically be extended for two years only from the Change in Control Date and thereafter shall terminate on the second
anniversary of the Change in Control Date in accordance with its terms. The Initial Term, together with any Renewal Term or extension
as a result of a Change in Control, are collectively referred to herein as the “Term.” In the event that the
Executive continues to be employed by the Company after the Term, unless otherwise agreed by the parties in writing, such continued
employment shall be on an at-will, month-to-month basis upon terms agreed upon at such time without regard to the terms and conditions
of this Agreement (except as expressly provided herein) and this Agreement shall be deemed terminated at the end of the Term, regardless
of whether such employment continues at-will, other than Articles VI and VII, plus specified provisions of Articles IV and V to
the extent they relate to termination of employment after expiration of the Term, which shall survive the termination or expiration
of this Agreement for any reason.

 

II.          COMPENSATION

 

2.1           General.
The base salary (as set forth in Section 2.2) and Incentive Compensation (as defined in Section 2.3) payable to the Executive hereunder,
as well as any stock-based compensation, including stock options, stock appreciation rights and restricted stock grants, shall
be determined from time to time by the Board and paid pursuant to the Company’s customary payroll practices or in accordance
with the terms of the applicable stock-based Plans (as defined in Section 2.4). The Company shall pay the Executive in cash, in
accordance with the normal payroll practices of the Company, the base salary and Incentive Compensation set forth below. For the
avoidance of doubt, in providing any compensation payable in stock, the Company may withhold, deduct or collect from the compensation
otherwise payable or issuable to the Executive a portion of such compensation to the extent required to comply with applicable
tax laws to the extent such withholding is not made or otherwise provided for pursuant to the agreement governing such stock-based
compensation.

 

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2.2           Base
Salary. The Executive shall be paid a base salary of no less than $30,416.67 per month ($365,000 on an annualized basis)
while he is employed by the Company during the Term; provided, however, that nothing shall prohibit the Company from
reducing the base salary as part of an overall cost reduction program that affects all senior executives of the Company
Group and does not disproportionately affect the Executive, so long as such reductions do not reduce the base salary to a rate
that is less than 90% of the minimum base salary amount set forth above (or, if the minimum base salary amount has been increased
during the Term, 90% of such increased amount). The base salary shall be reviewed annually by the Chief Executive Officer for increase
(but not decrease, except as permitted above) as part of the Company’s annual compensation review, and any increased amount
shall become the base salary under this Agreement.

 

2.3           Bonus
or other Incentive Compensation. During the Term, the Executive shall be eligible to receive annual bonus compensation in an
amount equal to $225,000 (the “Annual Bonus”) upon the achievement of reasonable target objectives and performance
goals as may be determined by the Board in consultation with the Executive (the “Goals”) (provided that with
respect to the Goals for the fiscal year ending December 31, 2014 (the “2014 Fiscal Year”), the Goals shall
be determined prior to the Effective Date). In the event the Executive’s actual performance exceeds the Goals, the Board
may, in its sole discretion, pay the Executive bonus compensation of more than 100% of the Annual Bonus. In each case, the Annual
Bonus shall be payable in accordance with the Company’s annual bonus plan (the “Bonus Plan”); provided,
however, that any bonus amounts payable with respect to the 2014 Fiscal Year shall be prorated based on the actual days Executive
is employed by the Company during the 2014 Fiscal Year. Amounts payable under the Bonus Plan shall be determined by the Board and
shall be payable following such fiscal year and no later than two and one-half months after the end of such fiscal year. Amounts
paid will be less than the Annual Bonus or nothing if the Goals are not met as set forth under the terms of the Bonus Plan. Any
bonus or incentive compensation under this Section 2.3, the Bonus Plan or otherwise is referred to herein as “Incentive
Compensation.” Stock-based compensation shall not be considered Incentive Compensation under the terms of this Agreement
unless the parties expressly agree otherwise in writing. The payment of any Incentive Compensation shall be subject to all federal,
state and withholding taxes, social security deductions and other general withholding obligations.

 

2.4           Stock Compensation.
On the Effective Date, the Company shall grant the Executive an option to purchase 450,000 shares of the Company’s Common
Stock (the “Option”) and 150,000 shares of Restricted Stock (the “RS Grant”). The Option
will have an exercise price equal to the fair market value of the Company’s Common Stock as determined by the Board as of
the date of grant under the Company’s 2013 Long Term Incentive Plan or other stock-based compensation plans as the Company
may establish from time to time (collectively, the “Plans”). Both the Option and the RS Grant will be subject
to a three-year vesting period subject to the Executive’s continued service with the Company (as defined in the Plans), with
one-third (1/3rd) of the Option and RS Grant vesting equally on the first, second, and third anniversary of the Executive’s
continued service. The Option and RS Grant will be governed in full by the terms and conditions of the Plans and the Executive’s
individual Option and RS Grant agreements to be entered into between the Company and the Executive as of the Effective Date. The
Executive will also be eligible to receive additional stock based compensation whether stock options, stock appreciation rights,
restricted stock grants, or otherwise under the Plans. The Executive shall be considered for such grants no less often than annually
as part of the Board’s annual compensation review, but any such grants will be at the sole discretion of the Board.

 

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III.         EMPLOYEE
BENEFITS

 

3.1           General.
Subject only to any post-employment rights under Article V, so long as the Executive is employed by the Company pursuant to
this Agreement, he shall be eligible for the following benefits to the extent generally available to senior executives of the Company
or by virtue of his position, tenure, salary and other qualifications. Any eligibility shall be subject to and in accordance with
the terms and conditions of the Company’s benefits policies and applicable plans (including as to deductibles, premium sharing,
co-payments or other cost-splitting arrangements).

 

3.2           Employee
Benefits.

 

(a)          During
the Term and subject to any contribution therefor generally required of senior executives of the Company, the Executive shall be
entitled to participate in such employee benefit plans and benefit programs as are made available
by the Company to the Company’s senior executives. Such participation shall be subject to the terms of the applicable plan
documents and generally applicable Company policies. The Company may alter, modify, add to or delete its employee benefit plans
at any time, as it, in its sole judgment, determines to be appropriate, without recourse by the Executive.

 

(b)          Notwithstanding
anything to the contrary contained herein, during the Term, in the event that the Company does not have a group health plan on
the Effective Date and the Executive (and his eligible dependents) elect to continue group health plan coverage under the Executive’s
prior employer’s group health plan in accordance with the Consolidated Omnibus Budget Reconciliation Act of 1985, as amended
(“COBRA”), the Company agrees to pay or reimburse the Executive for 100% of the premiums due with respect to
such COBRA coverage from the Effective Date until the earlier of (i) the date the Executive and his eligible dependents are eligible
for coverage under a group health plan of the Company that is offered to all other senior executives of the Company; or (ii) the
date the Executive’s COBRA coverage terminates for any reason (other than non-payment of premiums).

 

(c)          In
the event that the Executive’s COBRA coverage terminates for any reason (including the Executive’s voluntary election
not to continue with such COBRA coverage) on or after January 1, 2015 and the Company does not have a group health plan at the
time his COBRA coverage terminates, then the Company agrees pay or to reimburse the Executive for 100% of the premiums for the
purchase of an individual health insurance policy to provide coverage to the Executive and his eligible dependents during the Term
until the earlier of (i) the date the Executive and his eligible dependents are eligible for coverage under a group health plan
of the Company that is offered to all other senior executives of the Company or (ii) the date the Executive is no longer covered
under an individual insurance policy.

 

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(d)          In
addition, to the extent any amounts reimbursed or paid under Sections 3.2(b) or 3.2(c) are includable in the Executive’s
taxable income, the Company shall pay the Executive an amount to cover any and all tax liability relating to the amounts reimbursed
or paid, as well as the tax liability on such additional amount paid to the Executive. The intent of the foregoing provision is
to treat the Executive as if there were no United States federal, state, or local income or employment tax liability for such reimbursements,
payments or additional amounts.

 

(e)          Any
obligation of the Company to pay or reimburse the Executive for premiums pursuant to Section 3.2(b) or Section 3.2(c) shall be
subject to and conditioned on the Executive providing the Company with written documentation of the premium amounts due, and in
the case of payment of the premiums, providing the Company with the information necessary to timely pay the premiums.

 

3.3           Vacation.
The Executive shall be entitled to 4 weeks paid vacation per 12-month period.

 

3.4           Expenses.
The Executive shall be entitled to receive prompt reimbursement for all reasonable business-related expenses incurred by the Executive
in performing his duties under this Agreement. Reimbursement of the Executive for such expenses will be made upon presentation
to the Company of expense vouchers that are in sufficient detail to identify the nature of the expense, the amount of the expense,
the date the expense was incurred and to whom payment was made to incur the expense, all in accordance with the expense reimbursement
practices, policies and procedures of the Company.

 

IV.          TERMINATION
OF EMPLOYMENT

 

4.1           Termination
by Mutual Agreement. The Executive’s employment may be terminated at any time during the Term by mutual written agreement
of the Company and the Executive.

 

4.2           Death.
The Executive’s employment hereunder shall terminate upon his death.

 

4.3           Disability.
In the event the Executive incurs a Disability for a continuous period exceeding 90 days or for a total of 180 days during any
period of 12 consecutive months, the Company may, at its election, terminate the Executive’s employment during or after the
Term by delivering a Notice of Termination (as defined in Section 4.8) to the Executive 30 days in advance of the date of termination.

 

4.4           Good
Reason. The Executive may terminate his employment at any time during or after the Term for Good Reason by delivering a Notice
of Termination to the Company 30 days in advance of the date of termination; provided, however, that the Executive
agrees not to terminate his employment for Good Reason until the Executive has given the Company at least 30 days’ in which
to cure the circumstances set forth in the Notice of Termination constituting Good Reason and if such circumstances are not cured
by the 30th day, the Executive’s employment shall terminate on such date. If the circumstances constituting Good Reason are
remedied within the cure period to the reasonable satisfaction of the Executive, such event shall no longer constitute Good Reason
for purposes of this Agreement and the Executive shall thereafter have no further right hereunder to terminate his employment for
Good Reason as a result of such event. Unless the Executive provides written notification of an event described in the definition
of Good Reason within 90 days after the Executive has actual knowledge of the occurrence of any such event, the Executive shall
be deemed to have consented thereto and such event shall no longer constitute Good Reason for purposes of this Agreement.

 

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4.5           Termination
without Cause. The Company may terminate the Executive’s employment at any time during or after the Term without Cause
by delivering to the Executive a Notice of Termination 30 days in advance of the date of termination; provided that as part of
such notice the Company may request that the Executive immediately tender the resignations contemplated by Section 4.9 and otherwise
cease performing his duties hereunder. The Notice of Termination need not state any reason for termination and such termination
can be for any reason or no reason. The date of termination shall be the date set forth in the Notice of Termination.

 

4.6           Cause.
The Company may terminate the Executive’s employment at any time during or after the Term for Cause by delivering a Notice
of Termination to the Executive. The Notice of Termination shall include a copy of a resolution duly adopted by the affirmative
vote of not less than a majority of the entire membership of the Board, at a meeting of the Board called and held for such purpose,
finding that in the good faith opinion of the Board an event constituting Cause has occurred and specifying the particulars thereof.
A Notice of Termination for Cause may not be delivered unless in conjunction with such Board meeting the Executive was given reasonable
notice and the opportunity for the Executive, together with the Executive’s counsel, to be heard before the Board prior to
such vote. If the event constituting Cause for termination is other than as a result of a breach or violation by the Executive
of any provision of Article VI and only if the event constituting Cause is curable, then the Executive shall have 30 days from
the date of the Notice of Termination to cure such event described therein to the reasonable satisfaction of the Board in its sole
discretion and, if such event is cured by the Executive within the cure period, such event shall no longer constitute Cause for
purposes of this Agreement and the Company shall thereafter have no further right to terminate the Executive’s employment
for Cause as a result of such event. The Executive shall have no other rights under this Agreement to cure an event that constitutes
Cause. Unless the Company provides written notification of an event described in the definition of Cause within 90 days after the
Company knows or has reason to know of the occurrence of any such event, the Company may not terminate the Executive for Cause
unless such event is recurring or uncurable. Knowledge shall mean actual knowledge of any
member of the Board or any of the Company’s senior executives.

 

4.7           Voluntary
Termination by the Executive. The Executive may voluntarily terminate his employment at any time during or after the Term by
delivering to the Company a Notice of Termination 30 days in advance of the date of termination (a “Voluntary Termination”).
For purposes of this Agreement, a Voluntary Termination shall not include a termination of the Executive’s employment by
reason of death or for Good Reason. A Voluntary Termination shall not be considered a breach or other violation of this Agreement.

 

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4.8           Notice
of Termination. Any termination of employment under this Agreement by the Company or the Executive requiring a notice of termination
shall require delivery of a written notice by one party to the other party (a “Notice of Termination”). A Notice
of Termination must indicate the specific termination provision of this Agreement relied upon and the date of termination. It must
also set forth in reasonable detail the facts and circumstances claimed to provide a basis for such termination, other than in
the event of a Voluntary Termination or termination without Cause. The date of termination specified in the Notice of Termination
shall comply with the time periods required under this Article IV, and may in no event be earlier than the date such Notice of
Termination is delivered to or received by the party getting the notice. If the Executive fails to include a date of termination
in any Notice of Termination he delivers, the Company may establish such date in its sole discretion. No Notice of Termination
under Section 4.4 or 4.6 shall be effective until the applicable cure period, if any, shall have expired without the Company or
the Executive, respectively, having corrected the event or events subject to cure to the reasonable satisfaction of the other party.
The terms “termination” and “termination of employment,” as used herein are intended to mean a termination
of employment which constitutes a “separation from service” under Section 409A.

 

4.9           Resignations.
Upon ceasing to be an employee of the Company for any reason, or earlier upon request by the Company pursuant to Sections 4.5 or
4.6, the Executive agrees to immediately tender written resignations to the Company with respect to all officer and director positions
he may hold at that time with any member of the Company or Subsidiary.

 

V.          PAYMENTS ON TERMINATION

 

5.1           Death;
Disability; Resignation for Good Reason; Termination without Cause. If at any time during the Term the Executive’s employment
with the Company is terminated pursuant to Section 4.2, 4.3, 4.4 or 4.5, the Executive shall be entitled to the payment and benefits
set forth below only. If at any time after the Term the Executive’s employment with the Company is terminated pursuant to
Section 4.2, 4.3, 4.4 or 4.5, the Executive shall be entitled to the payment and benefits set forth in (a), (b) and the specified
provisions of (c) only.

 

(a)          any
unpaid base salary and accrued unpaid vacation then owing through the date of termination or Incentive Compensation that is as
of such date actually earned or owing under Article II, but not yet paid to the Executive, which amounts shall be paid to the Executive
on the next regularly scheduled Company payroll date following the date of termination or earlier if required by applicable law;
provided, however, that the Executive shall be entitled to receive the pro rata amount of any Bonus Plan Incentive Compensation
for the fiscal year of his termination of employment (based on the number of business days he was actually employed by the Company
during the fiscal year in which the termination of employment occurs and assuming full achievement of all applicable goals under
the Bonus Plan) that he would have received had his employment not been terminated during such year. Nothing in the foregoing sentence
is intended to give the Executive greater rights to such Incentive Compensation than a pro rata portion of what he would ordinarily
be entitled to under the Bonus Plan Incentive Compensation that would have been applicable to him had his employment not been terminated
(assuming full achievement of all applicable goals under the Bonus Plan), it being understood that the Executive’s termination
of employment shall not be used to disqualify the Executive from or make him ineligible for a pro rata portion of the Bonus Plan
Incentive Compensation to which he would otherwise have been entitled (assuming full achievement of all applicable goals under
the Bonus Plan). The pro rata portion of Bonus Plan Incentive Compensation shall, subject to Section 7.16, be paid at the time
such Incentive Compensation is paid to senior executives of the Company (“Severance Bonus Payment Date”) but
in no event later than two and one-half months after the end of such fiscal year.

 

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(b)          a
one-time lump sum severance payment in an amount equal to one hundred fifty (150%) of the Executive’s Base Amount. The lump
sum severance payment shall be paid on the Company’s first payroll date after the Executive’s signing the release described
in Section 5.4 and the expiration of any applicable revocation period, subject, in the case of termination other than as a result
of the Executive’s death, to Section 7.16; provided, however, that in the event that the time period for return of the release
and expiration of the applicable revocation period begins in one taxable year and ends in a second taxable year, such payment shall
not be made until the second taxable year if necessary to comply with Section 409A of the
Code.

 

(c)          fifty
percent (50%) of all unvested stock options, restricted stock shares, restricted stock units, stock appreciation rights or similar
stock based rights granted to the Executive shall vest and, if applicable, be immediately exercisable and any risk of forfeiture
included in such restricted or other stock grants previously made to the Executive shall immediately lapse. In addition, if the
Executive’s employment is terminated pursuant to Section 4.2, 4.3, 4.4 or 4.5 during or after the Term, the Executive shall
have until the earlier of (i) eighteen (18) months from the date of termination, or (ii) the latest date that each stock option
or stock appreciation right would otherwise expire by its original terms had the Executive’s employment not terminated to
exercise any outstanding stock options or stock appreciation rights. The extension of the exercise period set forth in this Section
5.1(c) shall occur notwithstanding any provision in any Plans or related grant documents which provides for a lesser vesting or
shorter period for exercise upon termination by the Company without Cause (which for this purpose will include a termination for
Good Reason), notwithstanding anything to the contrary in any Plans or grant documents; provided, however, and for the avoidance
of doubt, nothing in this Agreement shall be construed as or imply that this Agreement does or can grant greater rights than are
allowed under the terms and conditions of the Plans.

 

(d)          to
the fullest extent permitted by the Company’s then-current benefit plans, continuation of health, dental, vision and life
insurance coverage, (but not pension, retirement, profit-sharing, severance or similar compensatory benefits), for the Executive
and the Executive’s eligible dependents substantially similar to coverage they were receiving or which they were entitled
to immediately prior to the termination of the Executive’s employment for the lesser of 18 months after termination or until
the Executive secures coverage from new employment and the period of COBRA health care continuation coverage provided under Section
4980B of the Code shall run concurrently with the foregoing 18 month period. In order to receive such benefits, the Executive or
his eligible dependents must continue to make any required co-payments, deductibles, premium sharing or other cost-splitting arrangements
the Executive was otherwise paying immediately prior to the date of termination and nothing herein shall require the Company to
be responsible for such items. If the Executive is a “specified employee” under Section 409A, the full cost of the
continuation or provision of employee group welfare benefits (other than medical or dental benefits) shall be paid by the Executive
until the earliest to occur of (i) the Executive’s death or (ii) the first day of the seventh month following the Executive’s
termination of employment, and such cost shall be reimbursed by the Company to, or on behalf of, the Executive in a lump sum cash
payment on the earlier to occur of the Executive’s death or the first day of the seventh month following the Executive’s
termination of employment, except that, as provided above, the Executive shall not receive reimbursement for any required co-payments,
deductibles, premium sharing or other cost-splitting arrangements the Executive was otherwise paying immediately prior to the date
of termination.

 

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(e)          a
cash payment to the Executive in the amount of $25,000 which Executive may use towards the costs and expenses of executive outplacement
services or an education program selected by the Executive. The payment shall be paid on the Company’s first regularly scheduled
payroll date after the Executive’s signing the release described in Section 5.4 and the expiration of any applicable revocation
period, subject, in the case of termination other than as a result of the Executive’s death, to Section 7.16, provided, however,
that in the event that the time period for return of the release and expiration of the applicable revocation period begins in one
taxable year and ends in a second taxable year, such payment shall not be made until the second taxable year if necessary to comply
with Section 409A of the Code.

 

(f)          Any
payments by the Company under Section 5.1(b) above pursuant to a termination under Section 4.2 or 4.3 shall be reduced by any payments
received by the Executive pursuant to any of the Company’s employee welfare benefit plans providing for payments in the event
of death or Disability to the extent such reduction is permitted by, and does not trigger an impermissible change in time or form
of payment under, Section 409A of the Code.

 

5.2           Termination
for Cause; Voluntary Termination. If at any time during or after the Term the Executive’s employment with the Company
is terminated for Cause under Section 4.6 or upon a Voluntary Termination under Section 4.7, the Executive shall be entitled to
only the following:

 

(a)          any
unpaid base salary and accrued unpaid vacation then owing through the date of termination or Incentive Compensation that is as
of such date actually earned or owing under Article II, but not yet paid to the Executive, which amounts shall be paid to the Executive
within 30 days of the date of termination. Nothing in this provision is intended to imply that the Executive is entitled to any
partial or pro rata payment of Incentive Compensation on termination unless the Bonus Plan expressly provides as much under its
specific terms.

 

(b)          whatever
rights, if any, that are available to the Executive upon such a termination pursuant to the Plans or any award documents related
to any stock-based compensation such as stock options, stock appreciation rights or restricted stock grants. This Agreement does
not grant any greater rights with respect to such items than provided for in the Plans or the award documents in the event of any
termination for Cause or a Voluntary Termination.

 

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5.3           Termination
following a Change in Control. The Executive shall have no specific right to terminate this Agreement or right to any severance
payments or other benefits solely as a result of a Change in Control. However, if during a Change in Control Period during or after
the Term, (a) the Executive terminates his employment with the Company due to a termination for Good Reason pursuant to Section
4.4, or (b) the Company terminates the Executive’s employment pursuant to Section 4.5, the lump sum severance payment under
Section 5.1 shall be increased from one hundred fifty percent (150%) of the Base Amount to two hundred fifty percent (250%) of
the Base Amount, and for a termination of employment described in (a) and (b) all stock options, restricted stock shares, restricted
stock units, stock appreciation rights or similar stock-based rights granted to the Executive shall vest in full and be immediately
exercisable and any risk of forfeiture included in restricted or other stock grants previously made to the Executive shall immediately
lapse. The terms and rights with respect to such payments shall otherwise be governed by Section 5.1. No other rights result from
termination during a Change in Control Period; provided, however, that nothing in this Section 5.3 is intended to
limit or impair the rights of the Executive under the Plans or any documents evidencing any stock-based compensation awards in
the event of a Change in Control if such Plans or award documents grant greater rights than are set forth herein.

 

5.4           Release.
The Company’s obligation to pay or provide any benefits to the Executive following termination (other than in the event of
death pursuant to Section 4.2) is expressly subject to the requirement that he execute and not breach or rescind a release relating
to employment matters and the circumstances surrounding his termination in favor of the members of the Company Group and their
officers, directors and related parties and agents, in a form reasonably acceptable to the Company at the time of Executive’s
termination of employment. The Company shall deliver such release to the Executive within three business days following his termination
of employment and the Executive shall be obligated to sign and return the release to the Company within 45 days of receipt of such
release to receive any benefits or payments following termination.

 

5.5           Other
Benefits. Except as expressly provided otherwise in this Article V, the provisions of this Agreement shall not affect
the Executive’s participation in, or terminating distributions and vested rights under, any pension, profit-sharing, insurance
or other employee benefit plan of the Company Group to which the Executive is entitled pursuant to the terms of such plans, or
expense reimbursements he is otherwise entitled to under Section 3.4.

 

5.6           No
Mitigation. It will be difficult, and may be impossible, for the Executive to find reasonably comparable employment following
the termination of the Executive’s employment, and the protective provisions under Article VI contained herein will further
limit the employment opportunities for the Executive. In addition, the Company’s severance pay policy applicable in general
to its salaried employees does not provide for mitigation, offset or reduction of any severance payment received thereunder. Accordingly,
the parties hereto expressly agree that the payment of severance compensation in accordance with the terms of this Agreement will
be liquidated damages, and that the Executive shall not be required to seek other employment, or otherwise, to mitigate any payment
provided for hereunder.

 

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5.7           Limitation;
No Other Rights. Any amounts due or payable under this Article V are in the nature of severance payments or liquidated
damages, or both, and the Executive agrees that such amounts shall fully compensate the Executive, his dependents, heirs and beneficiaries
and the estate of the Executive for any and all direct damages and consequential damages that they do or may suffer as a result
of the termination of the Executive’s employment, or both, and are not in the nature of a penalty. Notwithstanding the above,
no member of the Company Group shall be liable to the Executive under any circumstances for any consequential, incidental, punitive
or similar damages. The Executive expressly acknowledges that the payments and other rights under this Article V shall be
the sole monies or other rights to which the Executive shall be entitled to and such payments and rights will be in lieu of any
other rights or remedies he might have or otherwise be entitled to. In the event of any termination under this Article V,
the Executive hereby expressly waives any rights to any other amounts, benefits or other rights, including without limitation whether
arising under current or future compensation or severance or similar plans, agreements or arrangements of any member of the Company
Group (including as a result of changes in (or of) control or similar Change in Control events), unless the Executive’s entitlement
to participate or receive benefits thereunder has been expressly approved by the Board. Similarly, no one in the Company Group
shall have any further liability or obligation to the Executive following the date of termination, except as expressly provided
in this Agreement.

 

5.8           No
Right to Set Off. The Company shall not be entitled to set off against amounts payable to the Executive hereunder any amounts
earned by the Executive in other employment, or otherwise, after termination of his employment with the Company, or any amounts
which might have been earned by the Executive in other employment had he sought such other employment.

 

5.9           Adjustments
Due to Excise Tax.

 

(a)          If
it is determined that any amount or benefit to be paid or payable to the Executive under this Agreement or otherwise in conjunction
with his employment (whether paid or payable or distributed or distributable pursuant to the terms of this Agreement or otherwise
in conjunction with his employment) would give rise to liability of the Executive for the excise tax imposed by Section 4999 of
the Code, as amended from time to time, or any successor provision (the “Excise Tax”), then the amount or benefits
payable to the Executive (the total value of such amounts or benefits, the “Payments”) shall be reduced by the
Company to the extent necessary so that no portion of the Payments to the Executive is subject to the Excise Tax. Such reduction
shall only be made if the net amount of the Payments, as so reduced (and after deduction of applicable federal, state, and local
income and payroll taxes on such reduced Payments other than the Excise Tax (collectively, the “Deductions”))
is greater than the excess of (1) the net amount of the Payments, without reduction (but after making the Deductions) over (2)
the amount of Excise Tax to which the Executive would be subject in respect of such Payments.

 

(b)          In
the event it is determined that the Excise Tax may be imposed on the Executive prior to the possibility of any reductions being
made pursuant to Section 5.9(a), the Company and the Executive agree to take such actions as they may mutually agree in writing
to take to avoid any such reductions being made or, if such reduction is not otherwise required by Section 5.9(a), to reduce the
amount of Excise Tax imposed.

 

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(c)          The
independent public accounting firm serving as the Company’s auditing firm, or such other accounting firm, law firm or professional
consulting services provider of national reputation and experience reasonably acceptable to the Company and Executive (the “Accountants”)
shall make in writing in good faith all calculations and determinations under this Section 5.9, including the assumptions to be
used in arriving at any calculations. For purposes of making the calculations and determinations under this Section 5.9, the Accountants
and each other party may make reasonable assumptions and approximations concerning the application of Section 280G and Section
4999. The Company and Executive shall furnish to the Accountants and each other such information and documents as the Accountants
and each other may reasonably request to make the calculations and determinations under this Section 5.9. The Company shall bear
all costs the Accountants incur in connection with any calculations contemplated hereby.

 

VI.          PROTECTIVE
PROVISIONS

 

Since the Executive
will be serving as Executive Vice President and Chief Operating Officer and will have access to Confidential Information of the
Company Group, the Executive agrees to the following restrictive covenants.

 

6.1           Noncompetition.
Without the prior written consent of the Board (which may be withheld in the Board’s sole discretion), so long as the Executive
is an employee of the Company or any other member of the Company Group and for a one-year period thereafter (the “Restricted
Period”), the Executive agrees that he shall not anywhere in the Prohibited Area, for his own account or the benefit
of any other, engage or participate in or assist or otherwise be connected with a Competing Business. For the avoidance of doubt,
the Executive understands that this Section 6.1 prohibits the Executive from acting for himself or as an officer, employee, manager,
operator, principal, owner, partner, shareholder, advisor, consultant of, or lender to, any individual or other Person that is
engaged or participates in or carries out a Competing Business or is actively planning or preparing to enter into a Competing Business.
The parties agree that such prohibition shall not apply to the Executive’s passive ownership of not more than 5% of a publicly-traded
company.

 

6.2           No
Solicitation or Interference. During the Restricted Period (other than while an employee acting solely for the express benefit
of the Company Group), the Executive shall not, whether for his own account or for the account or benefit of any other Person,
throughout the Prohibited Area:

 

(a)          request,
induce or attempt to influence (i) any customer of any member of the Company Group who was a customer of any member of the Company
Group at any time during the two-year period prior to the Executive’s date of termination, to limit, curtail, cancel or terminate
any business it transacts with, or products or services it receives from or sells to, or (ii) any Person employed by (or otherwise
engaged in providing services for or on behalf of) any member of the Company Group to limit, curtail, cancel or terminate any employment,
consulting or other service arrangement, with any member of the Company Group. Such prohibition shall expressly extend to any hiring
or enticing away (or any attempt to hire or entice away) any employee of the Company Group;

 

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(b)          solicit
from or sell to any customer any products or services that any member of the Company Group provides or is planning to provide to
such customer and that are the same as or substantially similar to the products or services that any member of the Company Group,
sold or provided while the Executive was employed with, or providing services to, any member of the Company Group;

 

(c)          contact
or solicit any customer for the purpose of discussing (i) services or products that are competitive with and the same or closely
similar to those offered by any member of the Company Group during the two-year period prior
to the Executive’s date of termination, or (ii) any past or present business of any member of the Company Group;

 

(d)          request,
induce or attempt to influence any supplier, distributor or other Person with which any member of the Company Group has a business
relationship or to limit, curtail, cancel or terminate any business it transacts with any member of the Company Group; or

 

(e)          otherwise
interfere with the relationship of any member of the Company Group with any Person which is, or within one-year prior to the Executive’s
date of termination was, doing business with, employed by or otherwise engaged in performing services for, any member of the Company
Group.

 

6.3           Confidential
Information. During the period of the Executive’s employment with the Company or any member of the Company Group and
at all times thereafter, the Executive shall hold in secrecy for the Company all Confidential Information that may come to his
knowledge, may have come to his attention or may have come into his possession or control while employed by the Company (or otherwise
performing services for any member of the Company Group). Notwithstanding the preceding sentence, the Executive shall not be required
to maintain the confidentiality of any Confidential Information which (a) is or becomes available to the public or others in the
industry generally (other than as a result of inappropriate disclosure or use by the Executive in violation of this Section 6.3)
or (b) the Executive is compelled to disclose under any applicable laws, regulations or directives of any government agency, tribunal
or authority having jurisdiction in the matter or under subpoena. Except as expressly required in the performance of his duties
to the Company under this Agreement, the Executive shall not use for his own benefit or disclose (or permit or cause the disclosure
of) to any Person, directly or indirectly, any Confidential Information unless such use or disclosure has been specifically authorized
in writing by the Company in advance. During the Executive’s employment and as necessary to perform his duties under Section
1.1, the Company will provide and grant the Executive access to the Confidential Information. The Executive recognizes that any
Confidential Information is of a highly competitive value, will include Confidential Information not previously provided the Executive
and that the Confidential Information could be used to the competitive and financial detriment of any member of the Company Group
if misused or disclosed by the Executive. The Company promises to provide access to the Confidential Information only in exchange
for the Executive’s promises contained herein, expressly including the covenants in Sections 6.1, 6.2 and 6.4.

 

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6.4         Inventions.

 

(a)          The
Executive shall promptly and fully disclose to the Company any and all ideas, improvements, discoveries and inventions, whether
or not they are believed to be patentable (“Inventions”), that the Executive conceives of or first actually
reduces to practice, either solely or jointly with others, during the Executive’s employment with the Company or any other
member of the Company Group, and that relate to the business now or thereafter carried on or contemplated by any member of the
Company Group or that result from any work performed by the Executive for any member of the Company Group.

 

(b)          The
Executive acknowledges and agrees that all Inventions shall be the sole and exclusive property of the Company (or member of the
Company Group) and are hereby assigned to the Company (or applicable member of the Company Group). During the term of the Executive’s
employment with the Company (or any other member of the Company Group) and thereafter, whenever requested to do so by the Company,
the Executive shall take such action as may be requested to execute and assign any and all applications, assignments and other
instruments that the Company shall deem necessary or appropriate in order to apply for and obtain Letters Patent of the United
States and/or of any foreign countries for such Inventions and in order to assign and convey to the Company (or any other member
of the Company Group) or their nominees the sole and exclusive right, title and interest in and to such Inventions.

 

(c)          The
Company acknowledges and agrees that the provisions of this Section 6.4 do not apply to an Invention: (i) for which no equipment,
supplies, or facility of any member of the Company Group or Confidential Information was used; (ii) that was developed entirely
on the Executive’s own time and does not involve the use of Confidential Information; (iii) that does not relate directly
to the business of any member of the Company Group or to the actual or demonstrably anticipated research or development of any
member of the Company Group; and (iv) that does not result from any work performed by the Executive for any member of the Company
Group.

 

6.5         Return
of Documents and Property. Upon termination of the Executive’s employment for any reason, the Executive (or his heirs
or personal representatives) shall immediately deliver to the Company (a) all documents and materials containing Confidential Information
(including without limitation any “soft” copies or computerized or electronic versions thereof) or otherwise containing
information relating to the business and affairs of any member of the Company Group (whether or not confidential), and (b) all
other documents, materials and other property belonging to any member of the Company Group that are in the possession or under
the control of the Executive.

 

6.6         Reasonableness;
Remedies. The Executive acknowledges that each of the restrictions set forth in this Article VI are reasonable and necessary
for the protection of the Company’s business and opportunities (and those of the Company Group) and that a breach of any
of the covenants contained in this Article VI would result in material irreparable injury to the Company and the other members
of the Company Group for which there is no adequate remedy at law and that it will not be possible to measure damages for such
injuries precisely. Accordingly, the Company and any member of the Company Group shall be entitled to the remedies of injunction
and specific performance, or either of such remedies, as well as all other remedies to which any member of the Company Group may
be entitled, at law, in equity or otherwise, without the need for the posting of a bond or by the posting of the minimum bond that
may otherwise be required by law or court order.

 

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6.7         Extension;
Survival. The Executive and the Company agree that the time periods identified in this Article VI, including, without limitation,
the Restricted Period, will be stayed, and the Company’s obligation to make any payments or provide any benefits under Article V
shall be suspended, during the period of any breach or violation by the Executive of the covenants contained herein. The parties
further agree that this Article VI shall survive the termination or expiration of this Agreement for any reason. The Executive
acknowledges that his agreement to each of the provisions of this Article VI is fundamental to the Company’s willingness
to enter into this Agreement and for it to provide for the severance and other benefits described in Article V, none of which
the Company was required to do prior to the date hereof. Further, it is the express intent and desire of the parties for each provision
of this Article VI to be enforced to the fullest extent permitted by law. If any part of this Article VI, or any provision hereof,
is deemed illegal, void, unenforceable or overly broad (including as to time, scope and geography), the parties express desire
is that such provision be reformed to the fullest extent possible to ensure its enforceability or if such reformation is deemed
impossible then such provision shall be severed from this Agreement, but the remainder of this Agreement (expressly including the
other provisions of this Article VI) shall remain in full force and effect.

 

VII.         MISCELLANEOUS

 

7.1         Notices.
Any notice required or permitted under this Agreement shall be given in writing and shall be deemed to have been effectively made
or given if personally delivered, or if sent via U.S. mail or recognized overnight delivery service or sent via confirmed e-mail
or facsimile to the other party at its address set forth below in this Section 7.1, or at such other address as such party may
designate by written notice to the other party hereto. Any effective notice hereunder shall be deemed given on the date personally
delivered, three business days after mailed via U.S. mail or one business day after it is sent via overnight delivery service or
via confirmed e-mail or facsimile, as the case may be, to the following address:

 

If to the Company:

 

InspireMD, Inc.

800 Boylston Street, Suite 16041

Boston, MA 02199

Attn: President and Chief Executive
Officer

Telephone:

Facsimile:

 

With a copy which shall not constitute
notice to:

 

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Haynes and Boone, LLP

30 Rockefeller Plaza, 26th
Floor

New York, NY 10112-0015

Attn: Rick A. Werner, Esq.

Telephone No.: (212) 659-4974

Facsimile No.: (212) 884-8234

Email: rick.werner@haynesboone.com

 

If to the Executive, at the most
recent address on file with the Company.

 

7.2         Legal
Fees. (a)          The Company shall pay all reasonable legal fees and expenses
of the Executive’s counsel in connection with the preparation and negotiation of this Agreement, up to $10,000.

 

(b)         It
is the intent of the Company that the Executive not be required to bear the legal fees and related expenses associated with the
enforcement or defense of the Executive’s rights under this Agreement by litigation, arbitration or other legal action because
having to do so would substantially detract from the benefits intended to be extended to the Executive hereunder. Accordingly,
the parties hereto agree that any dispute or controversy arising under or in connection with this Agreement shall be resolved exclusively
and finally by binding arbitration in Boston, Massachusetts, in accordance with the rules of the American Arbitration Association
then in effect. Judgment may be entered on the arbitrator’s award in any court having jurisdiction. The Company shall be
responsible for its own fees, costs and expenses and shall pay to the Executive an amount equal to all reasonable attorneys’
and related fees, costs and expenses incurred by the Executive in connection with such arbitration unless the arbitrator determines
that the Executive (a) did not commence or engage in the arbitration with a reasonable, good faith belief that his claims were
meritorious or (b) the Executive’s claims had no merit and a reasonable person under similar circumstances would not have
brought such claims. If there is any dispute between the Company and the Executive as to the payment of such fees and expenses,
the arbitrator shall resolve such dispute, which resolution shall also be final and binding on the parties, and as to such dispute
only the burden of proof shall be on the Company.

 

7.3         Severability.
If an arbitrator or a court of competent jurisdiction determines that any term or provision hereof is void, invalid or otherwise
unenforceable, (a) the remaining terms and provisions hereof shall be unimpaired and (b) such arbitrator or court shall replace
such void, invalid or unenforceable term or provision with a term or provision that is valid and enforceable and that comes closest
to expressing the intention of the void, invalid or unenforceable term or provision. For the avoidance of doubt, the parties expressly
intend that this provision extend to Article VI of this Agreement.

 

7.4         Entire
Agreement. This Agreement represents the entire agreement of the parties with respect to the subject matter hereof and shall
supersede any and all previous contracts, arrangements or understandings between the Company, the Subsidiary and the Executive
relating to the Executive’s employment by the Company. Nothing in this Agreement shall modify or alter the Indemnity Agreement
or alter or impair any of the Executive’s rights under the Plans or related award agreements. In the event of any conflict
between this Agreement and any other agreement between the Executive and the Company (or any other member of the Company Group),
this Agreement shall control.

 

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7.5         Amendment;
Modification. Except for increases in base salary, and adjustments with respect to Incentive Compensation, made as provided
in Article II, or changes that are expressly required by applicable law, this Agreement may be amended at any time only by mutual
written agreement of the Executive and the Company; provided, however, that, notwithstanding any other provision
of this Agreement or the Plans (or any award documents under the Plans), or Indemnity Agreement, the Company may reform this Agreement,
the Plans (or any award documents under the Plans), or any provision thereof (including, without limitation, an amendment instituting
a six-month waiting period before a distribution) or otherwise as contemplated by Section 7.16 below.

 

7.6         Withholding.
The Company shall be entitled to withhold, deduct or collect or cause to be withheld, deducted or collected from payment any amount
of withholding taxes required by law, statutory deductions or collections with respect to payments made to the Executive in connection
with his employment, termination (including Article V) or his rights hereunder, including as it relates to stock-based compensation.

 

7.7         Representations.

 

(a)          The
Executive hereby represents and warrants to the Company that (i) the execution, delivery and performance of this Agreement by the
Executive do not and shall not conflict with, breach, violate or cause a default under any contract, agreement, instrument, order,
judgment or decree to which the Executive is a party or by which he is bound, and (ii) upon the execution and delivery of this
Agreement by the Company, this Agreement shall be the valid and binding obligation of the Executive, enforceable in accordance
with its terms. The Executive hereby acknowledges and represents that he has consulted with legal counsel regarding his rights
and obligations under this Agreement and that he fully understands the terms and conditions contained herein.

 

(b)          The
Company hereby represents and warrants to the Executive that (i) the execution, delivery and performance of this Agreement by the
Company do not and shall not conflict with, breach, violate or cause a default under any material contract, agreement, instrument,
order, judgment or decree to which the Company is a party or by which it is bound and (ii) upon the execution and delivery of this
Agreement by the Executive, this Agreement shall be the valid and binding obligation of the Company, enforceable in accordance
with its terms.

 

7.8          Governing
Law; Jurisdiction. This Agreement shall be construed, interpreted, and governed in accordance with the laws of the Commonwealth
of Massachusetts without regard to any provision of that State’s rules on the conflicts of law that might make applicable
the law of a jurisdiction other than that of the Commonwealth of Massachusetts. Except as otherwise provided in Section 7.2, all
actions or proceedings arising out of this Agreement shall exclusively be heard and determined in state or federal courts in the
Commonwealth of Massachusetts having appropriate jurisdiction. The parties expressly consent to the exclusive jurisdiction of such
courts in any such action or proceeding and waive any objection to venue laid therein or any claim for forum nonconveniens.

 

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7.9           Successors.
This Agreement shall be binding upon and inure to the benefit of, and shall be enforceable by the Executive, the Company, and their
respective heirs, executors, administrators, legal representatives, successors, and assigns. In the event of a Change in Control,
the provisions of this Agreement shall be binding upon and inure to the benefit of the Company or entity resulting from such Change
in Control or to which the assets shall be sold or transferred, which entity from and after the date of such Change in Control
shall be deemed to be the Company for purposes of this Agreement. In the event of any other assignment of this Agreement by the
Company, the Company shall remain primarily liable for its obligations hereunder. ; provided, however, that if the
Company is financially unable to meet its obligations hereunder, the Subsidiary shall assume responsibility for the Company’s
obligations hereunder pursuant to the guaranty provision following the signature page hereof. The Executive expressly acknowledges
that the Subsidiary and other members of the Company Group (and their successors and assigns) are third party beneficiaries of
this Agreement and may enforce this Agreement on behalf of themselves or the Company. Both parties agree that there are no third
party beneficiaries to this Agreement other than as expressly set forth in this Section 7.9.

 

7.10         Nonassignability.
Neither this Agreement nor any right or interest hereunder shall be assignable by the Executive, his beneficiaries, dependents
or legal representatives without the Company’s prior written consent; provided, however, that nothing in this
Section 7.10 shall preclude (a) the Executive from designating a beneficiary to receive any benefit payable hereunder upon his
death or (b) the executors, administrators or other legal representatives of the Executive or his estate from assigning any rights
hereunder to the Person(s) entitled thereto.

 

7.11         No
Attachment. Except as required by law, no right to receive payments under this Agreement shall be subject to anticipation,
commutation, alienation, sale, assignment, encumbrance, charge, pledge or hypothecation in favor of any third party, or to execution,
attachment, levy or similar process or assignment by operation of law in favor of any third party, and any attempt, voluntary or
involuntary, to effect any such action shall be null, void and of no effect.

 

7.12         Waiver.
No term or condition of this Agreement shall be deemed to have been waived, nor there be any estoppel against the enforcement of
any provision of this Agreement, except by written instrument of the party charged with such waiver or estoppel. No such written
waiver shall be deemed a continuing waiver unless specifically stated therein, and each such waiver shall operate only as to the
specific term or condition waived and shall not constitute a waiver of such term or condition for the future or as to any act other
than that specifically waived.

 

7.13         Construction.
The headings of articles or sections herein are included solely for convenience of reference and shall not control the meaning
or interpretation of any of the provisions of this Agreement. References to days found herein shall be actual calendar days and
not business days unless expressly provided otherwise.

 

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7.14        Counterparts.
This Agreement may be executed by any of the parties hereto in counterparts, each of which shall be deemed to be an original, but
all such counterparts shall together constitute one and the same instrument.

 

7.15        Effectiveness.
This Agreement shall be effective as of the Effective Date when signed by the Executive and the Company.

 

7.16        Section
409A of the Code.

 

(a)          It
is the intent of the parties that payments and benefits under this Agreement are exempt from the provisions of Section 409A of
the Code and, to the extent not so exempt, comply with Section 409A of the Code and, accordingly, to interpret, to the maximum
extent permitted, this Agreement to be in compliance therewith. If the Executive notifies the Company in writing (with specificity
as to the reason therefore) that the Executive believes that any provision of this Agreement (or of any award of compensation,
including equity compensation or benefits) would cause the Executive to incur any additional tax or interest under Section 409A
of the Code and the Company concurs with such belief or the Company (without any obligation whatsoever to do so) independently
makes such determination, the parties shall, in good faith, reform such provision to try to comply with Section 409A of the Code
through good faith modifications to the minimum extent reasonably appropriate to conform with Section 409A of the Code. To the
extent that any provision hereof is modified by the parties to try to comply with Section 409A of the Code, such modification shall
be made in good faith and shall, to the maximum extent reasonably possible, maintain the original intent of the applicable provision
without violating the provisions of Section 409A of the Code. Notwithstanding the foregoing, the Company shall not be required
to assume any economic burden in connection therewith.

 

(b)          If
the Executive is deemed on the date of “separation from service” to be a “specified employee” within the
meaning of that term under Section 409A(a)(2)(B), then with regard to any payment or the provision of any benefit that is specified
as subject to this Section, such payment or benefit shall be made or provided at the date which is the earlier of (A) the expiration
of the six (6)-month period measured from the date of such “separation from service” of the Executive, and (B) the
date of the Executive’s death (the “Delay Period”). Upon the expiration of the Delay Period, all payments
and benefits delayed pursuant to this Section 7.16 (whether they would have otherwise been payable in a single sum or in installments
in the absence of such delay) shall be paid or reimbursed to the Executive in a lump sum, and any remaining payments and benefits
due under this Agreement shall be paid or provided in accordance with the normal payment dates specified for them herein. If a
payment is to be made promptly after a date, it shall be made within sixty (60) days thereafter.

 

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(c)          Any
expense reimbursement under this Agreement shall be made promptly upon Executive’s presentation to the Company of evidence
of the fees and expenses incurred by the Executive and in all events on or before the last day of the taxable year following the
taxable year in which such expense was incurred by the Executive, and no such reimbursement or the amount of expenses eligible
for reimbursement in any taxable year shall in any way affect the expenses eligible for reimbursement in any other taxable year,
except for (i) the limit on the amount of outplacement costs and expenses reimbursable pursuant to Section 5.1(e) and (ii) any
limit on the amount of expenses that may be reimbursed under an arrangement described in Section 105(b) of the Code. If necessary
to comply with Section 409A of the Code, the Executive will not be deemed to terminate employment unless such termination of employment
also qualifies as a “separation from service” under Treasury Regulation Section 1.409A-1(h). Each payment of severance
of other benefits that is subject to Section 409A of the Code is considered a separate payment under Treasury Regulation Section
1.409A-2(b).

 

7.17         Survival.
As provided in Section 1.3 with respect to expiration of the Term, Articles VI and VII and specified parts of Articles IV and V,
including parts relating to the Company’s obligations to provide payments or benefits to the Executive upon termination of
employment or expiration of the Term, shall survive the termination or expiration of this Agreement for any reason.

 

[Signature Page Follows]

 

    	20

    	 

    

IN WITNESS WHEREOF,
the parties have executed this Agreement as of the Effective Date.

 

	INSPIREMD, INC.	 	EXECUTIVE
	 	 	 	 
	/s/ Alan Milinazzo	 	/s/ James J. Barry PhD
	Name:	Alan Milinazzo	 	James J. Barry PhD, an individual
	Title:	President and Chief Executive Officer	 	 

 

Guaranty by Subsidiary

 

Subsidiary (InspireMD, Ltd.) is not a party
to this Agreement, but joins in this Agreement for the sole purpose of guaranteeing the obligations of the Company to pay, provide,
or reimburse the Executive for all cash or other benefits provided for in this Agreement, including the provision of all benefits
in the form of, or related to, securities of Subsidiary and to elect or appoint the Executive to the positions with Subsidiary
and provide the Executive with the authority relating thereto as contemplated by Section 1.1 of this Agreement, and to ensure the
Board will take the actions required of it hereby.

INSPIREMD, LTD.

 

	/s/ Alan Milinazzo	 
	 	 	 
	Name: 	Alan Milinazzo	 
	 	 	 
	Title: 	President and Chief Executive Officer	 

 

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EXHIBIT A

 

Definitions

 

For purposes of this
Agreement, the following capitalized terms have the meanings set forth below:

 

“Base Amount”
shall mean an amount equal to the sum of:

 

(i)          the
Executive’s annual base salary at the highest annual rate in effect at any time during the Term; and

 

(ii)         the
greater of (i) the Executive’s target bonus under Section 2.3 in effect during the fiscal year in which termination of employment
occurs, or (ii) the average of the Incentive Compensation (as defined in Section 2.3) actually earned by the Executive (A) with
respect to the two consecutive annual Incentive Compensation periods ending immediately prior to the year in which termination
of the Executive’s employment with the Company occurs or, (B) if greater, with respect to the two consecutive annual Incentive
Compensation periods ending immediately prior to the Change in Control Date; provided, however, that if the Executive
was not eligible for Incentive Compensation for such two consecutive Incentive Compensation periods, the amount included pursuant
to this clause (ii) shall be the Incentive Compensation paid to the Executive for the most recent annual Incentive Compensation
period. In the event the Incentive Compensation paid to the Executive for any such prior Incentive Compensation period represented
a prorated full-year amount because the Executive was not employed by the Company for the entire Incentive Compensation period,
the Incentive Compensation paid to the Executive for such period for purposes of this clause (ii) shall be an amount equal to such
pro rated full-year amount.

 

“Board”
shall mean the Board of Directors of the Company. Any obligation of the Board other than termination for Cause under this Agreement
may be delegated to an appropriate committee of the Board, including its compensation committee, and references to the Board herein
shall be references to any such committee, as appropriate.

 

“Cause”
shall mean termination of the Executive’s employment because of the Executive’s: (i) commission of fraud, misappropriation
or embezzlement related to the business or property of the Company; (ii) conviction for, or guilty plea to, or plea of nolo contendere
to, a felony or crime of similar gravity in the jurisdiction in which such conviction or guilty plea occurs; (iii) a material breach
by the Executive of this Agreement, and the duties described therein, or any other agreement to which the Executive and the Company
or a member of the Company Group are parties, including, without limitation, wrongful disclosure of Confidential Information or
violation of Article VI of this Agreement; (iv) commission by the Executive of acts that are dishonest and demonstrably injurious
to a member of the Company Group, monetarily or otherwise; (v) any violation by the Executive of any fiduciary duties owed by him
to the Company or a member of the Company Group that causes injury to the Company, other than breaches of fiduciary duty also committed
by other officers and members of the Board of Directors based on actions taken after consultation with, and the advice of, legal
counsel; and (vii) willful or material violation of, or willful or material noncompliance with, any securities law, rule or regulation
or stock exchange listing rule adversely affecting the Company Group.

 

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“Change
in Control” means the first to occur of the following events:

 

(i)          A
change in ownership of the Company. On the date any “Person” (as defined in subparagraph (iv) below) acquires ownership
of stock of the Company that, together with stock held by such Person, constitutes more than fifty percent (50%) of the total fair
market value or total voting power of the stock of the Company; provided, however, that there shall be no Change in Control and
this subparagraph (i) shall not apply if such acquiring Person is a corporation and 2/3’s of the Board of Directors of the
acquiring Person immediately after the transaction consists of individuals who constituted a majority of the Board immediately
prior to the acquisition of such fifty percent (50%) or more total fair market value or total voting power; and provided, further,
that if any Person is considered to own more than fifty percent (50%) of the total fair market value or total voting power of the
stock of the Company, the acquisition of additional stock by the same Person is not considered to be a Change in Control; or

 

(ii)         A
change in the effective control of the Company. On the date that either: (a) any Person acquires (or has acquired during the
twelve (12)-month period ending on the date of the most recent acquisition by such Person) ownership of stock of the Company possessing
thirty-five percent (35%) or more of the total voting power of the stock of the Company; or on the date a majority of members of
the Board is replaced during any twelve (12)-month period by directors whose appointment or election is not endorsed by a majority
of the Board before the date of the appointment or election; provided, however, that any such director shall not be considered
to be endorsed by the Board if his or her initial assumption of office occurs as a result of an actual or threatened solicitation
of proxies or consents by or on behalf of a Person other than the Board.

 

(iii)        A
change in the ownership of a substantial portion of the Company's assets. On the date any Person acquires (or has acquired
during the twelve (12)-month period ending on the date of the most recent acquisition by such Person) assets from the Company that
have a total gross fair market value equal to or more than eighty percent (80%) of the total gross fair market value of all of
the assets of the Company immediately before such acquisition or acquisitions. For this purpose, gross fair market value means
the value of the assets of the Company or the value of the assets being disposed of, determined without regard to any liabilities
associated with such assets. However, there is no Change in Control when there is such a sale or transfer to (i) a shareholder
of the Company (immediately before the asset transfer) in exchange for or with respect to the Company’s then outstanding
stock; (ii) an entity, at least fifty percent (50%) of the total value or voting power of the stock of which is owned, directly
or indirectly, by the Company; (iii) a Person that owns directly or indirectly, at least fifty percent (50%) of the total value
or voting power of the outstanding stock of the Company; or (iv) an entity, at least fifty percent (50%) of the total value or
voting power of the stock of which is owned, directly or indirectly, by a Person that owns, directly or indirectly, at least fifty
percent (50%) of the total value or voting power of the outstanding stock of the Company.

 

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(iv)        For
purposes of subparagraphs (i), (ii) and (iii) above, “Person” shall have the meaning given in Code Section 7701(a)(1).
Person shall include more than one Person acting as a group as defined by the final Treasury Regulations issued under Section 409A
of the Code.

 

“Change
in Control Date” shall mean the date on which a Change in Control occurs.

 

“Change
in Control Period” shall mean the 24 month period commencing on the Change in Control Date; provided, however,
if the Company terminates the Executive’s employment with the Company prior to the Change in Control Date, and it is reasonably
demonstrated that the Executive’s (i) employment was terminated at the request of an unaffiliated third party who has taken
steps reasonably calculated to effect a Change in Control or (ii) termination of employment otherwise arose in connection with
or in anticipation of the Change in Control, then the “Change in Control Period” shall mean the 24 month period
beginning on the date immediately prior to the date of the Executive’s termination of employment with the Company.

 

“Code”
shall mean the Internal Revenue Code of 1986, as amended.

 

“Company
Group” shall mean the Company, together with its subsidiaries including the Subsidiary.

 

“Competing
Business” means any business or activity that (i) competes with any member of the Company Group for which the Executive
performed services or the Executive was involved in for purposes of making strategic or other material business decisions and (ii)
involves (A) the same or substantially similar types of products or services (individually or collectively) manufactured, marketed
or sold by any member of the Company Group during Term or (B) products or services so similar in nature to that of any member of
the Company Group during Term (or that any member of the Company Group will soon thereafter offer) that they would be reasonably
likely to displace substantial business opportunities or customers of the Company Group. Competing Business shall include, but
not be limited to, any entity or person engaged in the business of manufacturing and selling medical devices for the intravascular
or intra coronary treatment of vascular diseases, including stents and mesh technologies, and any other business the Company Group
is engaged in during Executive’s employment or that was seriously considered by the Company Group within the two years preceding
the termination of this Agreement.

 

“Confidential
Information” shall include Trade Secrets and confidential and proprietary information acquired by the Executive in
the course and scope of his activities under this Agreement, including information acquired from third parties, that (i) is not
generally known or disseminated outside the Company Group (such as non-public information), (ii) is designated or marked by any
member of the Company Group as “confidential” or reasonably should be considered confidential or proprietary, or (iii)
any member of the Company Group indicates through its policies, procedures, or other instructions should not be disclosed to anyone
outside the Company Group. Without limiting the foregoing definitions, some examples of Confidential Information under this Agreement
include (a) matters of a technical nature, such as scientific, trade or engineering secrets, “know-how”, formulae,
secret processes, inventions, and research and development plans or projects regarding existing and prospective customers and products
or services, (b) information about costs, profits, markets, sales, customer lists, customer needs, customer preferences and customer
purchasing histories, supplier lists, internal financial data, personnel evaluations, non-public information about medical devices
or products of any member of the Company Group (including future plans about them), information and material provided by third
parties in confidence and/or with nondisclosure restrictions, computer access passwords, and internal market studies or surveys
and (c) and any other information or matters of a similar nature.

 

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“Disability”
as used in this Agreement shall have the meaning given that term by any disability insurance the Company carries at the time of
termination that would apply to the Executive. Otherwise, the term “Disability” shall mean the inability of
the Executive to perform his duties and responsibilities under this Agreement as a result of a physical or mental illness, disease
or personal injury he has incurred. Any dispute as to whether or not the Executive has a “Disability” for purposes
of this Agreement shall be resolved by a physician reasonably satisfactory to the Chief Executive Officer and the Executive (or
his legal representative, if applicable). If the Chief Executive Officer and the Executive (or his legal representative, if applicable)
are unable to agree on a physician, then each shall select one physician and those two physicians shall pick a third physician
and the determination of such third physician shall be binding on the parties.

 

“Good
Reason” shall mean the occurrence of any of the following without the written consent of the Executive: (i) any
duties, functions or responsibilities are assigned to the Executive that are materially inconsistent with the Executive’s
duties, functions or responsibilities with the Company or the Subsidiary as contemplated or permitted by Section 1.1; (ii) material
diminution in Executive’s duties; (iii) the base salary of the
Executive is materially reduced, unless a reduction in accordance with Section 2.2; (iv) there is a material adverse change or
termination of the Executive’s right to participate, on a basis substantially consistent with practices applicable to senior
executives of the Company generally, in any bonus, incentive, profit-sharing, stock option, stock purchase, stock appreciation,
restricted stock, discretionary pay or similar policy, plan, program or arrangement of the Company, or any material adverse failure
to provide the compensation and benefits contemplated by Sections 2.3, 2.4 and Article III, except where necessary to avoid the
imposition of any additional tax under Section 409A of the Code; (v) there is a material termination or denial of the Executive’s
right, on a basis substantially consistent with practices applicable generally to senior executives of the Company, to participate
in and receive service credit for benefits as provided under, all life, accident, medical payment, health and disability insurance,
retirement, pension, salary continuation, expense reimbursement and other employee and perquisite policies, plans, programs and
arrangements that generally are made available to senior executives of the Company, except for any arrangements that the Board
adopts for select senior executives to compensate them for special or extenuating circumstances or as needed to comply with applicable
law or as necessary to avoid the imposition of any additional tax under Section 409A;
(vi) any material breach by the Company of its representations
under Section 7.7(b), or the guaranty by Subsidiary on the signature page of the Agreement; or (vii) relocation of the Executive’s
principal place of employment to a place that increases his one-way commute by more than fifty (50) miles as compared to the Executive’s
then-current principal place of employment immediately prior to such relocation.

 

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“Indemnity
Agreement” means that certain Indemnity Agreement dated January 30, 2012 by and between the Company and the Executive,
the terms of which shall not be superseded by this Agreement.

 

“Person”
shall include individuals or entities such as corporations, partnerships, companies, firms, business organizations or enterprises,
and governmental or quasi-governmental bodies.

 

“Prohibited
Area” means North America, South America and the European Union, which Prohibited Area the parties have agreed to
as a result of the fact that those are the geographic areas in which the members of the Company Group conduct a preponderance of
their business and in which the Executive provides substantive services to the benefit of the Company Group.

 

“Section
409A” shall mean Section 409A of the Code and regulations promulgated thereunder (and any similar or successor federal
or state statute or regulations).

 

“Trade
Secrets” are information of special value, not generally known to the public that any member of the Company Group
has taken steps to maintain as secret from Persons other than those selected by any member of the Company Group.

 

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