Document:

Exhibit 10.60

 

SECTION
102 CAPITAL GAIN RESTRICTED STOCK AWARD AGREEMENT

 

INSPIREMD,
INC.

2021
EQUITY COMPENSATION PLAN

 

1.
Grant of Award. Pursuant to the InspireMD, Inc. 2021 Equity Compensation Plan (the “Plan”) for key Employees, key
Contractors, and Outside Directors of InspireMD, Inc., a Delaware corporation (the “Company”), and its Subsidiaries
(collectively, the “Group”),

 

[*]

(the
“Participant”)

 

has
been granted a Restricted Stock Award (the “Award”) in accordance with Section 8.1(j) of the Plan. The number
of shares of Common Stock awarded under this Restricted Stock Award Agreement (this “Agreement”) is [*] shares
(the “Awarded Shares”). The “Date of Grant” of this Award is [*]. To receive this
Award, the Participant must sign this Agreement and return it to the Company by [*]. By signing this Agreement, the Participant agrees
to be bound by the terms and conditions herein, the Plan and any and all conditions established by the Company in connection with Awards
issued under the Plan, and the Participant further acknowledges and agrees that this Award does not confer any legal or equitable right
(other than those rights constituting the Award itself) against the Company directly or indirectly, or give rise to any cause of action
at law or in equity against the Company. The Company has designated the Awarded Shares as Approved 102 Incentives (i.e. shares of Common
Stock issued pursuant to Section 102(b) of the Ordinance) and held in trust by a trustee for the benefit of the Participant), and has
classified them as Capital Gain Incentives that qualify for tax treatment in accordance with the provisions of Section 102(b)(3) of the
Ordinance.

 

2.
Subject to Plan. This Agreement is subject to the terms and conditions of the Plan, and the terms of the Plan shall control to
the extent not otherwise inconsistent with the provisions of this Agreement. To the extent the terms of the Plan are inconsistent with
the provisions of this Agreement, this Agreement shall control. The capitalized terms used herein that are defined in the Plan shall
have the same meanings assigned to them in the Plan. This Agreement is subject to any rules promulgated pursuant to the Plan by the Administrator
and communicated to the Participant in writing.

 

3.
Vesting. Except as specifically provided in this Agreement and subject to certain restrictions and conditions set forth in the
Plan, the Awarded Shares shall vest as follows:

 

a.
One-third (1/3) of the total Awarded Shares (rounded down to the nearest whole share) shall vest on the first anniversary of the Date
of Grant, provided that the Participant has continuously provided services to the Group as an Employee through that date.

 

b.
An additional one-third (1/3) of the total Awarded Shares (rounded down to the nearest whole share) shall vest on the second anniversary
of the Date of Grant, provided that the Participant has continuously provided services to the Group as an Employee through that date.

 

c.
The remaining Awarded Shares shall vest on the third anniversary of the Date of Grant, provided that the Participant has continuously
provided services to the Group as an Employee through that date.

 

    	 

    	 

    

 

Notwithstanding
the foregoing, if the Participant’s Termination of Service is due to death, Total and Permanent Disability, Retirement or by action
of the Company without Cause (as defined in this Section 3 below) at any time during the two year period beginning on a Change in Control,
the total Awarded Shares not previously vested shall thereupon immediately become fully vested as of the Termination Date.

 

For
purposes hereof, “Cause” shall mean, unless otherwise defined in an employment agreement with respect to the
termination of the Participant’s employment with the Company (in which case such cause definition and process shall apply in lieu
of this paragraph), the occurrence of one or more of the following events, as determined by the Committee in its good faith: (i) misconduct
or material failure or refusal to perform (other than by reason of disability or an approved leave of absence), or substantial negligence
in the performance of, his or her duties and responsibilities to the Company or any member of the Group; (ii) the Participant’s
material breach of any restrictive covenant agreement between the Participant and any member of the Group; (iii) the Participant’s
commission of an act or acts constituting a felony or any crime involving moral turpitude or that has or reasonably could be expected
to have an adverse effect on any member of the Group, including economically or reputationally; (iv) the Participant’s commission
of fraud, embezzlement, theft or other act involving dishonesty; (v) other conduct by the Participant that is or could be reasonably
expected to be materially harmful to the business interests or reputation of any member of the Group; (vi) the Participant’s breach
of a fiduciary duty owed to the Company or a member of the Group, including acting in conflict with the business interests of any member
of the Group; or (vii) the Participant’s material breach of this Agreement or an employment policy or code of conduct of member
of the Group. If, within six months following the Participant’s Termination of Service for any reason other than for Cause, it
is discovered that the Participant’s employment or service could have been terminated for Cause, such Participant’s employment
or service shall, at the discretion of the Committee, be deemed to have been terminated for Cause for all purposes under the Plan, and
the Participant shall be required to repay to the Company all amounts received by the Participant and his or her permitted transferees
in connection with Awarded Shares following such Termination that would have been forfeited under the Plan had such Termination been
for Cause.

 

4.
Forfeiture of Awarded Shares. Awarded Shares that are not vested in accordance with Section 3 shall be forfeited on the
date of the Participant’s Termination of Service with the Group (the “Termination Date”). Upon forfeiture,
all of the Participant’s rights with respect to the forfeited Awarded Shares shall cease and terminate, without any further obligations
on the part of the Company or the Group.

 

5.
Restrictions on Awarded Shares. Subject to the provisions of the Plan and the terms of this Agreement, from the Date of Grant
until the date the Awarded Shares are vested in accordance with Section 3 and are no longer subject to forfeiture in accordance
with Section 4 (the “Restriction Period”), the Participant shall not be permitted to sell, transfer,
pledge, or assign any of the Awarded Shares or to grant any right thereto. Except for these limitations, the Administrator may in its
sole discretion, remove any or all of the restrictions on such Awarded Shares whenever it may determine that, by reason of changes in
Applicable Laws or other changes in circumstances arising after the date of this Agreement, such action is appropriate.

 

6.
Legend. Awarded Shares electronically registered in a Participant’s name or a trustee’s name for the benefit of the
Participant shall note that such shares are Restricted Stock. If certificates for Awarded Shares are issued, the following legend shall
be placed on all such certificates:

 

On
the face of the certificate:

 

“Transfer
of this stock is restricted in accordance with conditions printed on the reverse of this certificate.”

 

    	2

    	 

    

 

On
the reverse:

 

“The
shares of stock evidenced by this certificate are subject to and transferable only in accordance with that certain InspireMD, Inc. 2021
Equity Compensation Plan, a copy of which is on file at the principal office of the Company in Tel-Aviv, Israel and that certain Restricted
Stock Award Agreement dated as of [*], by and between the Company and [*]. No transfer or pledge of the shares evidenced hereby may be
made except in accordance with and subject to the provisions of said Plan and Award Agreement. By acceptance of this certificate, any
holder, transferee or pledgee hereof agrees to be bound by all of the provisions of said Plan and Award Agreement.”

 

The
following legend shall be inserted on a certificate, if issued, evidencing Common Stock issued under the Plan if the shares were not
issued in a transaction registered under the applicable federal and state securities laws:

 

“Shares
of stock represented by this certificate have been acquired by the holder for investment and not for resale, transfer or distribution,
have been issued pursuant to exemptions from the registration requirements of applicable state and federal securities laws, and may not
be offered for sale, sold or transferred other than pursuant to effective registration under such laws, or in transactions otherwise
in compliance with such laws, and upon evidence satisfactory to the Company of compliance with such laws, as to which the Company may
rely upon an opinion of counsel satisfactory to the Company.”

 

All
Awarded Shares owned by the Participant or registered in the trustee’s name for the benefit of the Participant shall be subject
to the terms of this Agreement and shall be represented by a certificate or certificates bearing the foregoing legend.

 

7.
Israeli Tax Ordinance.

 

a.
The Company has designated the Awarded Shares as Approved 102 Incentives (i.e. shares of Common Stock issued pursuant to Section 102(b)
of the Ordinance) and held in trust by a trustee for the benefit of the Participant), and has classified them as Capital Gain Incentives
that qualify for tax treatment in accordance with the provisions of Section 102(b)(3) of the Ordinance.

 

b.
The Awarded Shares including all rights attaching thereto, and other shares received with respect thereto (including cash dividends,
stock dividends, and bonus shares), will be allocated or issued to a trustee nominated by the Company and approved in accordance with
the provisions of Section 102 of the Ordinance (the “Trustee”), and will be held by the Trustee for the benefit
of the Participant for a period of, and will not be delivered to the Participant prior to the expiration of, at least twenty four (24)
months from the Date of Grant (the “Trust Period”). Notwithstanding, any cash dividend attributed to the Awarded
Shares shall be paid to the Participant subject to the applicable full withholding tax which will be deducted by the Company and/or Trustee.

 

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c.
All rights attaching to the Awarded Shares and all rights or shares received by the Participant with respect thereto (including, cash
dividends, stock dividends, or bonus shares), will be subject to the same taxation treatment applicable to the Awarded Shares.

 

d.
The Trustee shall not sell or transfer to the Participant any of the Awarded Shares or any right or share received by the Participant
with respect thereto prior to the full payment by the Participant of his/her tax liabilities arising from or relating to the Awarded
Shares or any right or share related thereto.

 

8.
Delivery of Certificates. If requested by the Participant in accordance with Section 8.1(j) of the Plan and subject to
other provisions of the Plan, including those of the Israeli Plan regarding the Israeli tax laws applicable to the Awarded Shares being
Approved 102 Incentives, the Company shall deliver certificates for the Awarded Shares free of restriction under this Agreement promptly
after, and only after, the Restriction Period has expired without forfeiture pursuant to Section 5. In connection with the issuance
of a certificate for Restricted Stock, the Participant shall endorse such certificate in blank or execute a stock power in a form satisfactory
to the Company in blank and deliver such certificate and executed stock power to the Company.

 

9.
Clawback. Notwithstanding Section 3, if the Participant is an executive officer (as defined under U.S. Securities and Exchange
Commission rules) of the Company at any time after the Date of Grant and the Company is required to restate its financial statements,
then the Committee may, in its sole and absolute discretion, at any time within two years following such restatement, require the Participant
to, and the Participant shall immediately upon notice of such Committee determination, return to the Company any Awarded Shares and pay
to the Company in cash the amount of any proceeds received by the Participant from the disposition or transfer of, and any dividends
or other distributions of cash or property received by the Participant with respect to, any Awarded Shares, in each case during the period
commencing two years before the beginning of the restated financial period and ending on the date of such Committee determination. In
addition, any portion of the Awarded Shares that is not vested or has not been exercised by the Participant on the date that the Committee
makes such determination shall be immediately and irrevocably forfeited. The Committee shall have the authority and discretion to make
any determination regarding the specific implementation of this Section 9 with respect to the Participant. In addition to this
Section 9, this Agreement, the Awarded Shares shall be fully subject to the terms and conditions of any “clawback”
or compensation recovery policy that may later be adopted by the Company in its discretion or imposed under Applicable Laws, each as
may be amended and in effect from time to time.

 

10.
Rights of a Stockholder. Except as provided in Sections 5 and 6 above and the provisions of the Israeli Plan regarding
the Israeli tax laws applicable to the Awarded Shares being Approved 102 Incentives, the Participant shall have, with respect to his
Awarded Shares, all of the rights of a stockholder of the Company, including the right to vote the shares, and the right to receive any
dividends thereon. Without derogating from Section 7(c) above and subject to any law, any stock dividends paid with respect to Awarded
Shares shall at all times be treated as Awarded Shares and shall be subject to all restrictions placed on Awarded Shares.

 

11.
Adjustment to Number of Awarded Shares. The number of Awarded Shares shall be subject to adjustment in accordance with Section
8.1(o) of the Plan.

 

12.
Participant’s Representations. Notwithstanding any of the provisions hereof, the Participant hereby agrees that he or she
will not acquire any Awarded Shares, and that the Company will not be obligated to issue any Awarded Shares to the Participant hereunder,
if the issuance of such shares shall constitute a violation by the Participant or the Company of any provision of any law or regulation
of any governmental authority. Any determination in this connection by the Company shall be final, binding, and conclusive. The rights
and obligations of the Company and the rights and obligations of the Participant are subject to all Applicable Laws, rules, and regulations.

 

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13.
Participant’s Acknowledgments.

 

	 	a.	The
    Participant acknowledges that copies of the Plan and the agreement between the Company and the Trustee have been made available for
    his or her review by the Company, and represents that he or she is familiar with the terms and provisions thereof, and hereby accepts
    this Award subject to all the terms and provisions thereof; and 
	 	 	 
	 	b.	The
    Participant shall comply with all terms and conditions set forth in Section 102(b) of the Ordinance the applicable rules and regulations
    promulgated thereunder, as amended from time to time; and
	 	 	 
	 	c.	The
    Participant is familiar with, and understands the provisions of, Section 102 of the Ordinance in general, and the tax arrangement
    under the Section 102(b)(3) in particular, and its tax consequences; the Participant agrees that the Restricted Stock Award and the
    Awarded Shares (or otherwise in relation to the Restricted Stock Award), will be held by a trustee appointed pursuant to Section
    102 of the Ordinance for at least the duration of the Trust Period. The Participant understands that any release of the Restricted
    Stock Award and the Awarded Shares from trust, or any sale of such share prior to the termination of the Trust Period, will result
    in taxation at marginal tax rates, in addition to deductions of appropriate social security, health tax contributions or other compulsory
    payments; and
	 	 	 
	 	d.	The
    Participant agrees to the trust agreement signed between the Company, and the Trustee appointed pursuant to Section 102 of the Ordinance
    and shall sign all documents requested by the Company or the Trustee, in accordance with and under the trust agreement; and
	 	 	 
	 	e. 	The Participant hereby agrees to accept as binding, conclusive, and final all decisions or interpretations of the Administrator, as appropriate,
upon any questions arising under the Plan or this Agreement.

 

14.
Law Governing. This Agreement shall be governed by, construed, and enforced in accordance with the laws of the State of Israel
(excluding any conflict of laws rule or principle of Israeli law that might refer the governance, construction, or interpretation of
this Agreement to the laws of another state).

 

15.
No Right to Continue Service or Employment. Nothing herein shall be construed to confer upon the Participant the right to continue
in the employ or to provide services to the Company or the Group, whether as an Employee, or interfere with or restrict in any way the
right of the Company or the Group to discharge the Participant as an Employee at any time.

 

16.
Legal Construction. In the event that any one or more of the terms, provisions, or agreements that are contained in this Agreement
shall be held by a court of competent jurisdiction to be invalid, illegal, or unenforceable in any respect for any reason, the invalid,
illegal, or unenforceable term, provision, or agreement shall not affect any other term, provision, or agreement that is contained in
this Agreement and this Agreement shall be construed in all respects as if the invalid, illegal, or unenforceable term, provision, or
agreement had never been contained herein.

 

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17.
Covenants and Agreements as Independent Agreements. Each of the covenants and agreements that is set forth in this Agreement shall
be construed as a covenant and agreement independent of any other provision of this Agreement. The existence of any claim or cause of
action of the Participant against the Company, whether predicated on this Agreement or otherwise, shall not constitute a defense to the
enforcement by the Company of the covenants and agreements that are set forth in this Agreement.

 

18.
Entire Agreement. This Agreement together with the Plan supersede any and all other prior understandings and agreements, either
oral or in writing, between the parties with respect to the subject matter hereof and constitute the sole and only agreements between
the parties with respect to the said subject matter. All prior negotiations and agreements between the parties with respect to the subject
matter hereof are merged into this Agreement. Each party to this Agreement acknowledges that no representations, inducements, promises,
or agreements, orally or otherwise, have been made by any party or by anyone acting on behalf of any party, which are not embodied in
this Agreement or the Plan and that any agreement, statement or promise that is not contained in this Agreement or the Plan shall not
be valid or binding or of any force or effect.

 

19.
Parties Bound. The terms, provisions, and agreements that are contained in this Agreement shall apply to, be binding upon, and
inure to the benefit of the parties and their respective heirs, executors, administrators, legal representatives, and permitted successors
and assigns, subject to the limitation on assignment expressly set forth herein. No person shall be permitted to acquire any Awarded
Shares without first executing and delivering an agreement in the form satisfactory to the Company making such person or entity subject
to the restrictions on transfer contained herein.

 

20.
Modification. The Company may amend or modify this Award in any manner to the extent that the Company would have had the authority
under the Plan initially to grant such Award, provided that no such amendment or modification shall materially and adversely impair the
Participant’s rights under this Agreement without the Participant’s written consent. Other than as provided in the preceding
sentence, this Agreement may be amended, modified or supplemented only by an instrument in writing signed by both parties hereto.

 

21.
Headings. The headings that are used in this Agreement are used for reference and convenience purposes only and do not constitute
substantive matters to be considered in construing the terms and provisions of this Agreement.

 

22.
Gender and Number. Words of any gender used in this Agreement shall be held and construed to include any other gender, and words
in the singular number shall be held to include the plural, and vice versa, unless the context requires otherwise.

 

23.
Notice. Any notice required or permitted to be delivered hereunder shall be deemed to be delivered only when actually received
by the Company or by the Participant, as the case may be, at the addresses set forth below, or at such other addresses as they have theretofore
specified by written notice delivered in accordance herewith:

 

a. Notice to the Company shall be addressed and delivered as follows:

 

InspireMD,
Inc.

4
Menorat Hamaor St.

Tel
Aviv, Israel

Attn:
Craig Shore

Fax:
+972-3-6917692

 

b. Notice to the Participant shall be addressed and delivered as set forth on the signature page.

 

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24.
Tax Requirements. The Participant is hereby advised to consult immediately with his or her own tax advisor regarding the tax
consequences of this Agreement. Notwithstanding anything to the contrary, the Company shall be under no duty to ensure, and no representation
or commitment is made, that the Restricted Stock Award qualify or will qualify under any particular tax treatment (such as Section 102(b)
or any other treatment), nor shall the Company be required to take any action for the qualification of any Restricted Stock Award under
such tax treatment. If the Participant do not qualify under any particular tax treatment it could result in adverse tax consequences
to the Participant. By signing below, the Participant agrees that the Company and its respective employees, directors, officers and shareholders
shall not be liable for any tax, penalty, interest or cost incurred by the Participant as a result of such determination, nor will any
of them have any liability of any kind or nature in the event that, for any reason whatsoever, a Restricted Stock Award does not qualify
for any particular tax treatment. The Company or, if applicable, any Subsidiary (for purposes of this Section 24, the term “Company”
shall be deemed to include any applicable Subsidiary), shall have the right to deduct from all amounts paid in cash or other form in
connection with the Plan, any federal, state, local, or other taxes required by the Israeli law and other applicable laws to be withheld
in connection with this Award. The Participant may elect to have the Company withhold an additional amount up to the maximum statutory
amount in accordance with Company procedures, provided such withholding does not trigger liability accounting under applicable accounting
rules. The Company may, in its sole discretion, also require the Participant receiving shares of Common Stock issued under the Plan to
pay the Company the amount of any taxes that the Company is required to withhold in connection with the Participant’s income arising
with respect to this Award. Such payments shall be required to be made when requested by Company and may be required to be made prior
to the delivery of any certificate representing shares of Common Stock, if such certificate is requested by the Participant in accordance
with Section 8.1(j) of the Plan. Such payment may be made by (i) the delivery of cash to the Company in an amount that equals
or exceeds (to avoid the issuance of fractional shares under (iii) below) the required tax withholding obligations of the Company; (ii)
if the Company, in its sole discretion, so consents in writing, the actual delivery by the Participant to the Company of shares of Common
Stock that the Participant has not acquired from the Company within six (6) months prior thereto, which shares so delivered have an aggregate
Fair Market Value that equals or exceeds (to avoid the issuance of fractional shares under (iii) below) the required tax withholding
payment; (iii) if the Company, in its sole discretion, so consents in writing, the Company’s withholding of a number of shares
to be delivered upon the vesting of this Award, which shares so withheld have an aggregate Fair Market Value that equals (but does not
exceed) the required tax withholding payment; or (iv) any combination of (i), (ii), or (iii). The Company may, in its sole discretion,
withhold any such taxes from any other cash remuneration otherwise paid by the Company to the Participant.

 

*
* * * * * * * * *

 

[Remainder
of Page Intentionally Left Blank.

Signature
Page Follows]

 

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IN
WITNESS WHEREOF, the Company has caused this Agreement to be executed by its duly authorized officer, and the Participant, to evidence
his or her consent and approval of all the terms hereof, has duly executed this Agreement, as of the date specified in Section 1
hereof.

 

	 	COMPANY:
	 	 
	 	INSPIREMD,
    INC.
	 	 
	 	By:	
	 	Name:	Craig
    Shore
	 	Title:	Chief
    Financial Officer

 

	 	 PARTICIPANT:
	 	 	             
	 	 
	 	Signature

 

	 	Name:	 

 

	 	Address:	 
	 	 	 
	 	 	 
	 	Date  of Signature
	 	 

  

    	8Exhibit
10.61

 

RESTRICTED
STOCK AWARD AGREEMENT

 

INSPIREMD,
INC.

2021
EQUITY COMPENSATION PLAN

 

1.
Grant of Award. Pursuant to the InspireMD, Inc. 2021 EQUITY COMPENSATION PLAN (the “Plan”) for key Employees,
key Contractors, and Outside Directors of InspireMD, Inc., a Delaware corporation (the “Company”), and its
Subsidiaries (collectively, the “Group”),

 

[*]

(the
“Participant”)

 

has
been granted a Restricted Stock Award in accordance with Section 8.1(j) of the Plan. The number of shares of Common Stock awarded under
this Restricted Stock Award Agreement (this “Agreement”) is [*] shares (the “Awarded Shares”).
The “Date of Grant” of this Award is [*]. To receive this Award, the Participant must sign this Agreement and
return it to the Company by [*]. By signing this Agreement, the Participant agrees to be bound by the terms and conditions herein, the
Plan and any and all conditions established by the Company in connection with Awards issued under the Plan, and the Participant further
acknowledges and agrees that this Award does not confer any legal or equitable right (other than those rights constituting the Award
itself) against the Company directly or indirectly, or give rise to any cause of action at law or in equity against the Company. Subject
to Plan. This Agreement is subject to the terms and conditions of the Plan, and the terms of the Plan shall control to the extent
not otherwise inconsistent with the provisions of this Agreement. To the extent the terms of the Plan are inconsistent with the provisions
of this Agreement, this Agreement shall control. The capitalized terms used herein that are defined in the Plan shall have the same meanings
assigned to them in the Plan. This Agreement is subject to any rules promulgated pursuant to the Plan by the Administrator and communicated
to the Participant in writing.

 

2.
Vesting. Except as specifically provided in this Agreement and subject to certain restrictions and conditions set forth in the
Plan, the Awarded Shares shall vest as follows:

 

a.
One-third (1/3) of the total Awarded Shares (rounded down to the nearest whole share) shall vest on the first anniversary of the Date
of Grant, provided that the Participant has continuously provided services to the Group as an Employee, Contractor, or Outside Director
through that date.

 

b.
An additional one-third (1/3) of the total Awarded Shares (rounded down to the nearest whole share) shall vest on the second anniversary
of the Date of Grant, provided that the Participant has continuously provided services to the Group as an Employee, Contractor, or Outside
Director through that date.

 

c.
The remaining Awarded Shares shall vest on the third anniversary of the Date of Grant, provided that the Participant has continuously
provided services to the Group as an Employee, Contractor, or Outside Director through that date.

 

Notwithstanding
the foregoing, if the Participant’s Termination of Service is due to death, Total and Permanent Disability, Retirement or by action
of the Company without Cause (as defined in Section 4.b. below) at any time during the two year period beginning on a Change in Control,
the total Awarded Shares not previously vested shall thereupon immediately become fully vested as of the Termination Date.

 

    	 

     

    

 

For
purposes hereof, “Cause” shall mean, unless otherwise defined in an employment agreement with respect to the
termination of the Participant’s employment with the Company (in which case such cause definition and process shall apply in lieu
of this paragraph), the occurrence of one or more of the following events, as determined by the Committee in its good faith: (i) misconduct
or material failure or refusal to perform (other than by reason of disability or an approved leave of absence), or substantial negligence
in the performance of, his or her duties and responsibilities to the Company or any member of the Group; (ii) the Participant’s
material breach of any restrictive covenant agreement between the Participant and any member of the Group; (iii) the Participant’s
commission of an act or acts constituting a felony or any crime involving moral turpitude or that has or reasonably could be expected
to have an adverse effect on any member of the Group, including economically or reputationally; (iv) the Participant’s commission
of fraud, embezzlement, theft or other act involving dishonesty; (v) other conduct by the Participant that is or could be reasonably
expected to be materially harmful to the business interests or reputation of any member of the Group; (vi) the Participant’s breach
of a fiduciary duty owed to the Company or a member of the Group, including acting in conflict with the business interests of any member
of the Group; or (vii) the Participant’s material breach of this Agreement or an employment policy or code of conduct of member
of the Group. If, within six months following the Participant’s Termination of Service for any reason other than for Cause, it
is discovered that the Participant’s employment or service could have been terminated for Cause, such Participant’s employment
or service shall, at the discretion of the Committee, be deemed to have been terminated for Cause for all purposes under the Plan, and
the Participant shall be required to repay to the Company all amounts received by the Participant and his or her permitted transferees
in connection with Awarded Shares following such Termination that would have been forfeited under the Plan had such Termination been
for Cause.

 

3.
Forfeiture of Awarded Shares. Awarded Shares that are not vested in accordance with Section 2 shall be forfeited on the
date of the Participant’s Termination of Service with the Group (the “Termination Date”). Upon forfeiture,
all of the Participant’s rights with respect to the forfeited Awarded Shares shall cease and terminate, without any further obligations
on the part of the Company or the Group.

 

4.
Restrictions on Awarded Shares. Subject to the provisions of the Plan and the terms of this Agreement, from the Date of Grant
until the date the Awarded Shares are vested in accordance with Section 2 and are no longer subject to forfeiture in accordance
with Section 3 (the “Restriction Period”), the Participant shall not be permitted to sell, transfer,
pledge, or assign any of the Awarded Shares or to grant any right thereto. Except for these limitations, the Administrator may in its
sole discretion, remove any or all of the restrictions on such Awarded Shares whenever it may determine that, by reason of changes in
Applicable Laws or other changes in circumstances arising after the date of this Agreement, such action is appropriate.

 

5.
Legend. Awarded Shares electronically registered in a Participant’s name shall note that such shares are Restricted Stock.
If certificates for Awarded Shares are issued, the following legend shall be placed on all such certificates:

 

On
the face of the certificate:

 

“Transfer
of this stock is restricted in accordance with conditions printed on the reverse of this certificate.”

 

    	2

     

    

 

On
the reverse:

 

“The
shares of stock evidenced by this certificate are subject to and transferable only in accordance with that certain InspireMD, Inc. 2021
EQUITY COMPENSATION PLAN, a copy of which is on file at the principal office of the Company in Tel-Aviv, Israel and that certain Restricted
Stock Award Agreement dated as of [*], by and between the Company and [*]. No transfer or pledge of the shares evidenced hereby may be
made except in accordance with and subject to the provisions of said Plan and Award Agreement. By acceptance of this certificate, any
holder, transferee or pledgee hereof agrees to be bound by all of the provisions of said Plan and Award Agreement.”

 

The
following legend shall be inserted on a certificate, if issued, evidencing Common Stock issued under the Plan if the shares were not
issued in a transaction registered under the applicable federal and state securities laws:

 

“Shares
of stock represented by this certificate have been acquired by the holder for investment and not for resale, transfer or distribution,
have been issued pursuant to exemptions from the registration requirements of applicable state and federal securities laws, and may not
be offered for sale, sold or transferred other than pursuant to effective registration under such laws, or in transactions otherwise
in compliance with such laws, and upon evidence satisfactory to the Company of compliance with such laws, as to which the Company may
rely upon an opinion of counsel satisfactory to the Company.”

 

All
Awarded Shares owned by the Participant shall be subject to the terms of this Agreement and shall be represented by a certificate or
certificates bearing the foregoing legend.

 

It
is acknowledged by the Participant that the Awarded Shares and any benefit stemming therefrom shall be considered as income received
as a result of employment by the Group. The Participant, will therefore be taxed according to the tax laws applicable to the Participant.
Such tax shall be deducted at source by the Company at the mandatory date provided in the tax law applicable to the Participant, and
the Participant hereby irrevocably authorizes and empowers the Company to deduct at source such tax(es) and transfer them to the applicable
tax authority

 

6.
Delivery of Certificates. If requested by the Participant in accordance with Section 8.1(j) of the Plan and subject to
other provisions of the Plan, the Company shall deliver certificates for the Awarded Shares free of restriction under this Agreement
promptly after, and only after, the Restriction Period has expired without forfeiture pursuant to Section 4. In connection with
the issuance of a certificate for Restricted Stock, the Participant shall endorse such certificate in blank or execute a stock power
in a form satisfactory to the Company in blank and deliver such certificate and executed stock power to the Company.

 

7.
Clawback. Notwithstanding Section 2, if the Participant is an executive officer (as defined under U.S. Securities and Exchange
Commission rules) of the Company at any time after the Date of Grant and the Company is required to restate its financial statements,
then the Committee may, in its sole and absolute discretion, at any time within two years following such restatement, require the Participant
to, and the Participant shall immediately upon notice of such Committee determination, return to the Company any Awarded Shares and pay
to the Company in cash the amount of any proceeds received by the Participant from the disposition or transfer of, and any dividends
or other distributions of cash or property received by the Participant with respect to, any Awarded Shares, in each case during the period
commencing two years before the beginning of the restated financial period and ending on the date of such Committee determination. In
addition, any portion of the Awarded Shares that is not vested or has not been exercised by the Participant on the date that the Committee
makes such determination shall be immediately and irrevocably forfeited. The Committee shall have the authority and discretion to make
any determination regarding the specific implementation of this Section 7 with respect to the Participant. In addition to this
Section 7, this Agreement, the Awarded Shares shall be fully subject to the terms and conditions of any “clawback”
or compensation recovery policy that may later be adopted by the Company in its discretion or imposed under Applicable Laws, each as
may be amended and in effect from time to time.

 

    	3

     

    

 

8.
Rights of a Stockholder. Except as provided in Sections 4 and 5 above, the Participant shall have, with respect
to his Awarded Shares, all of the rights of a stockholder of the Company, including the right to vote the shares, and the right to receive
any dividends thereon. [Any stock dividends paid with respect to Awarded Shares shall at all times be treated as Awarded Shares and
shall be subject to all restrictions placed on Awarded Shares; any such stock dividends paid with respect to Awarded Shares shall vest
as the Awarded Shares become vested.]

 

9.
Adjustment to Number of Awarded Shares. The number of Awarded Shares shall be subject to adjustment in accordance with Section
8.1(o) of the Plan.

 

10.
Participant’s Representations. Notwithstanding any of the provisions hereof, the Participant hereby agrees that he or she
will not acquire any Awarded Shares, and that the Company will not be obligated to issue any Awarded Shares to the Participant hereunder,
if the issuance of such shares shall constitute a violation by the Participant or the Company of any provision of any law or regulation
of any governmental authority. Any determination in this connection by the Company shall be final, binding, and conclusive. The rights
and obligations of the Company and the rights and obligations of the Participant are subject to all Applicable Laws, rules, and regulations.

 

11.
Participant’s Acknowledgments. The Participant acknowledges that a copy of the Plan has been made available for his or her
review by the Company, and represents that he or she is familiar with the terms and provisions thereof, and hereby accepts this Award
subject to all the terms and provisions thereof. The Participant hereby agrees to accept as binding, conclusive, and final all decisions
or interpretations of the Administrator, as appropriate, upon any questions arising under the Plan or this Agreement.

 

12.
Law Governing. This Agreement shall be governed by, construed, and enforced in accordance with the laws of the State of Delaware
(excluding any conflict of laws rule or principle of Delaware law that might refer the governance, construction, or interpretation of
this Agreement to the laws of another state).

 

13.
No Right to Continue Service or Employment. Nothing herein shall be construed to confer upon the Participant the right to continue
in the employ or to provide services to the Company or the Group, whether as an Employee, Contractor, or Outside Director, or interfere
with or restrict in any way the right of the Company or the Group to discharge the Participant as an Employee, Contractor, or Outside
Director at any time.

 

14.
Legal Construction. In the event that any one or more of the terms, provisions, or agreements that are contained in this Agreement
shall be held by a court of competent jurisdiction to be invalid, illegal, or unenforceable in any respect for any reason, the invalid,
illegal, or unenforceable term, provision, or agreement shall not affect any other term, provision, or agreement that is contained in
this Agreement and this Agreement shall be construed in all respects as if the invalid, illegal, or unenforceable term, provision, or
agreement had never been contained herein.

 

    	4

     

    

 

15.
Covenants and Agreements as Independent Agreements. Each of the covenants and agreements that is set forth in this Agreement shall
be construed as a covenant and agreement independent of any other provision of this Agreement. The existence of any claim or cause of
action of the Participant against the Company, whether predicated on this Agreement or otherwise, shall not constitute a defense to the
enforcement by the Company of the covenants and agreements that are set forth in this Agreement.

 

16.
Entire Agreement. This Agreement together with the Plan supersede any and all other prior understandings and agreements, either
oral or in writing, between the parties with respect to the subject matter hereof and constitute the sole and only agreements between
the parties with respect to the said subject matter. All prior negotiations and agreements between the parties with respect to the subject
matter hereof are merged into this Agreement. Each party to this Agreement acknowledges that no representations, inducements, promises,
or agreements, orally or otherwise, have been made by any party or by anyone acting on behalf of any party, which are not embodied in
this Agreement or the Plan and that any agreement, statement or promise that is not contained in this Agreement or the Plan shall not
be valid or binding or of any force or effect.

 

17.
Parties Bound. The terms, provisions, and agreements that are contained in this Agreement shall apply to, be binding upon, and
inure to the benefit of the parties and their respective heirs, executors, administrators, legal representatives, and permitted successors
and assigns, subject to the limitation on assignment expressly set forth herein. No person shall be permitted to acquire any Awarded
Shares without first executing and delivering an agreement in the form satisfactory to the Company making such person or entity subject
to the restrictions on transfer contained herein.

 

18.
Modification. The Company may amend or modify this Award in any manner to the extent that the Company would have had the authority
under the Plan initially to grant such Award, provided that no such amendment or modification shall materially and adversely impair the
Participant’s rights under this Agreement without the Participant’s written consent. Other than as provided in the preceding
sentence, this Agreement may be amended, modified or supplemented only by an instrument in writing signed by both parties hereto.

 

19.
Headings. The headings that are used in this Agreement are used for reference and convenience purposes only and do not constitute
substantive matters to be considered in construing the terms and provisions of this Agreement.

 

20.
Gender and Number. Words of any gender used in this Agreement shall be held and construed to include any other gender, and words
in the singular number shall be held to include the plural, and vice versa, unless the context requires otherwise.

 

21.
Notice. Any notice required or permitted to be delivered hereunder shall be deemed to be delivered only when actually received
by the Company or by the Participant, as the case may be, at the addresses set forth below, or at such other addresses as they have theretofore
specified by written notice delivered in accordance herewith:

 

a.
Notice to the Company shall be addressed and delivered as follows:

 

InspireMD,
Inc.

4
Menorat Hamaor St.

Tel
Aviv, Israel

Attn:
Craig Shore

Fax:
+972-3-6917692

 

    	5

     

    

 

b.
Notice to the Participant shall be addressed and delivered as set forth on the signature page.

 

22.
Tax Requirements. The Participant is hereby advised to consult immediately with his or her own tax advisor regarding the tax
consequences of this Agreement. The Company or, if applicable, any Subsidiary (for purposes of this Section 25, the term “Company”
shall be deemed to include any applicable Subsidiary), shall have the right to deduct from all amounts paid in cash or other form in
connection with the Plan, any federal, state, local, or other taxes required by law to be withheld in connection with this Award. The
Participant may elect to have the Company withhold an additional amount up to the maximum statutory amount in accordance with Company
procedures, provided such withholding does not trigger liability accounting under applicable accounting rules. The Company may, in its
sole discretion, also require the Participant receiving shares of Common Stock issued under the Plan to pay the Company the amount of
any taxes that the Company is required to withhold in connection with the Participant’s income arising with respect to this Award.
Such payments shall be required to be made when requested by Company and may be required to be made prior to the delivery of any certificate
representing shares of Common Stock, if such certificate is requested by the Participant in accordance with Section 8.1(j) of
the Plan. Such payment may be made by (i) the delivery of cash to the Company in an amount that equals or exceeds (to avoid the issuance
of fractional shares under (iii) below) the required tax withholding obligations of the Company; (ii) if the Company, in its sole discretion,
so consents in writing, the actual delivery by the Participant to the Company of shares of Common Stock that the Participant has not
acquired from the Company within six (6) months prior thereto, which shares so delivered have an aggregate Fair Market Value that equals
or exceeds (to avoid the issuance of fractional shares under (iii) below) the required tax withholding payment; (iii) if the Company,
in its sole discretion, so consents in writing, the Company’s withholding of a number of shares to be delivered upon the vesting
of this Award, which shares so withheld have an aggregate Fair Market Value that equals (but does not exceed) the required tax withholding
payment; or (iv) any combination of (i), (ii), or (iii). The Company may, in its sole discretion, withhold any such taxes from any other
cash remuneration otherwise paid by the Company to the Participant.

 

*
* * * * * * * * *

 

[Remainder
of Page Intentionally Left Blank.

Signature
Page Follows]

 

    	6

     

    

 

IN
WITNESS WHEREOF, the Company has caused this Agreement to be executed by its duly authorized officer, and the Participant, to evidence
his or her consent and approval of all the terms hereof, has duly executed this Agreement, as of the date specified in Section 1
hereof.

 

	 	COMPANY:
	 	 
	 	INSPIREMD,
    INC.
	 	 	 
	 	By:	 
	 	Name:	Craig
    Shore
	 	Title:	Chief
    Financial Officer
	 	 	 
	 	PARTICIPANT:
	 	 	 
	 	 
	 	Signature	 
	 	 	 
	 	Name:	 
	 	Address:	 
	 	 	 
	 	 	 
	 	 
	 	Date
    of Signature

 

    	7

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