Document:

Exhibit 10.15

 

CONDITIONAL STOCK OPTION AGREEMENT

 

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

 

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

 

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

 

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

 

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

 

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

 

(b)           “Annual Revenues” means the Corporation’s annual consolidated revenues according to U.S. Generally
Accepted Accounting Principles (GAAP).

 

(c)           “B2B Revenues” means the Corporation’s business to business revenues
generated in the United States.

 

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

 

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

 

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

 

    

     

    

 

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

 

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

 

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

 

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

 

    2

     

    

 

(k)           “Grant Date” means, for each Vested Option’s relevant fiscal year, the date on which the Corporation
files its annual report on Form 10-K with the Securities and Exchange Commission.

 

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

 

(m)          “Threshold” means the Company reaching Annual Revenues in each fiscal year as follows: (i) for the year
2020 - $11 million, (ii) for the year 2021 - $19.5 million, (iii) for the year 2022 - $38 million, and (iv) for the year 2023 -
$62 million.

 

2.            Grant of Conditional Options. The Corporation hereby grants to the Optionee the right and option to purchase up to
an aggregate of Twenty Two Thousand Five Hundred (22,500) Shares (subject to adjustment as provided in Paragraph 6 hereof) with
respect to each relevant fiscal year, on the terms and conditions set forth herein (each a “Vested Option” and
together the “Options”) only if (i) the Annual Revenues reach or exceed the Threshold for the relevant fiscal
year, and (ii) the B2B Revenues reaching the following amounts: (a) for the year 2020 - $6 million, (b) for the year 2021 - $15
million, (c) for the year 2022 - $40 million, and (d) for the year 2023 - $80 million. However, the Optionee will be entitled to
receive the number of Vested Option Shares prorated at the same rate (for example, if the actual annual B2B Revenues are 60% of
the applicable annual B2B Revenues target, the grant will amount to 13,500 Options). In no event shall the total number of Shares
granted under this Agreement exceed Ninety Thousand (90,000). The Optionee acknowledges that the Option will not be an “incentive
option” within the meaning of Section 422 of the Internal Revenue Code of 1986, as amended (the “Code”).
This Option is not being issued pursuant to the Corporation’s 2012 Equity Incentive Plan; provided, however,
that this Option is granted as a material inducement to employment in accordance with Nasdaq Listing Rule 5635(c)(4).

 

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

 

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

 

    3

     

    

 

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

 

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

 

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

 

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

 

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

 

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

 

    4

     

    

 

10.          Change in Control.

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

    5

     

    

 

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

 

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

 

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

 

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

 

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

 

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

 

    6

     

    

 

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

 

13.          Right of First Refusal.

 

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

 

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

 

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

 

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

 

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

 

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

 

    7

     

    

 

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

 

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

 

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

 

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

 

    8

     

    

 

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

 

22.          Tax Consequences.

 

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

 

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

 

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

 

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

 

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

 

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

 

    9

     

    

 

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

 

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

 

[REMAINDER OF PAGE INTENTIONALLY LEFT
BLANK]

 

    10

     

    

 

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

 

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

 

    11

     

    

 

EXHIBIT A

Exercise Form

 

	To: DarioHealth Corp.	Dated:  	

 

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

 

	 	
	 	Signature
	 	 
	 	 
	 	Print Name
	 	 
	 	 
	 	 
	 	 
	 	 
	 	 
	 	Address

 

    A-IExhibit 10.16

 

INDEMNIFICATION
AGREEMENT

 

This Indemnification
Agreement (“Agreement”) is made as of the      day of             __,
2020, by and DarioHealth Corp., a Delaware corporation (the “Corporation”), and ____________ (“Indemnitee”),
a director and/or officer of the Corporation.

 

WHEREAS, it is essential
to the Corporation to retain and attract as directors and officers the most capable persons available;

 

WHEREAS, it is the
express policy of the Corporation to indemnify its directors and officers so as to provide them with the maximum possible protection
permitted by law; and

 

WHEREAS, Indemnitee
is a director or officer of the Corporation;

 

WHEREAS, both the Corporation
and Indemnitee recognize the increased risk of litigation and other claims being asserted against directors and officers of corporations;

 

WHEREAS, in recognition
of Indemnitee’s need for substantial protection against personal liability and in order to induce Indemnitee to serve or
continue to serve the Corporation, the Corporation wishes to provide Indemnitee with the benefits contemplated by this Agreement
to the fullest extent permitted by law;

 

NOW THEREFORE, in consideration
of the above premises and intending to be legally bound hereby, the parties agree as follows:

 

1.       Agreement
to Serve. Indemnitee agrees to serve or continue to serve as director and/or officer of the Corporation for so long as he is
duly elected or appointed or until such time as he tenders his resignation in writing.

 

2.       Definitions.
As used in this Agreement:

 

		(a)	“Change in Control” means any of the following events: (i) an event occurring after
the date hereof of a nature that would be required to be reported in response to Item 6(e) of Schedule 14A of Regulation 14A (or
in response to any similar item on any similar schedule or form) promulgated under the Securities Exchange Act of 1934, as amended
(“Act”), whether or not the Corporation is then subject to such reporting requirement; (ii) any “person”
(as such term is used in Sections 13(d) and 14(d) of the Act), other than a person who is an officer or director of the Corporation
on March 20, 2017 (and any of such person’s affiliates), is or becomes “beneficial owner” (as defined in Rule
13d-3 under the Act) directly or indirectly, of securities of the Corporation representing 35% or more of the combined voting power
of the then outstanding securities of the Corporation; (iii) the Corporation is a party to a merger, consolidation, sale of assets
or other reorganization, or a proxy contest, which would result in the voting securities of the Corporation outstanding immediately
prior to such transaction or event to no longer represent (either by remaining outstanding or by being converted into voting securities
of a surviving entity) more than fifty percent (50%) of the combined voting power of the voting securities of the surviving entity
outstanding immediately after such transaction or event and to no longer have the power to elect at least a majority of the members
of the Board of Directors (“Board”) or other governing body of such surviving entity; (iv) during any period of two
consecutive years, individuals who at the beginning of such period constituted the Board (including for this purpose any new director
whose election or nomination for election by the Corporation’s stockholders was approved by a vote of at least two-thirds
of the directors then still in office who were directors at the beginning of such period) cease for any reason to constitute at
least a majority of the Board; (v) the approval by the Corporation’s stockholders of a sale or other disposition of all or
substantially all of the assets of the Corporation; or (vi) a liquidation or dissolution of the Corporation.

 

     

     

    

 

		(b)	The term “Corporate Status” shall mean the status of a person who is or was a director
and/or officer of the Corporation, or is or was serving, or has agreed to serve, at the request of the Corporation, as a director,
officer, partner, trustee, employee or agent of another corporation, partnership, joint venture, trust or other enterprise.

 

		(c)	The term “Expenses” shall include, without limitation, attorneys’ fees, retainers,
court costs (including trial and appeals), witness fees, transcript costs, fees of experts and other professionals, reasonable
travel expenses, duplicating costs, printing and binding costs, telephone charges, postage, delivery service fees, bonds and all
costs related thereto, any federal, state, local or foreign taxes imposed as a result of the actual or deemed receipt of any payments
under this Agreement, ERISA and employee benefit plan excise taxes and penalties and all other disbursements, obligations or expenses
of the types customarily incurred in connection with or as a result of investigations, judicial or administrative proceedings or
appeals, preparation in anticipation of a Proceeding, being or preparing to be a deponent or witness in, or otherwise participating
in, a Proceeding, recovery under any directors' and officers' liability insurance policies maintained by the Corporation, the interpretation,
enforcement or defense of Indemnitee's rights under this Agreement, or the Indemnitee’s rights to indemnification or advancement
of expenses under the Certificate of Incorporation or Bylaws, but shall not include the amount of judgments, fines or penalties
against Indemnitee or amounts paid in settlement in connection with such matters.

 

		(d)	The term “Independent Counsel” shall mean an attorney selected by Indemnitee and approved
and appointed by a majority vote of a quorum consisting of Disinterested Directors, as defined in Paragraph 9. Notwithstanding
the foregoing, the term “Independent Counsel” does not include any person who (i) under the applicable standards of
professional conduct then prevailing, would have a conflict of interest in representing either the Corporation or Indemnitee in
an action to determine Indemnitee’s rights under this Agreement or (ii) was otherwise retained to represent the Corporation,
the Indemnitee or any other party to the Proceeding giving rise to a claim for indemnification hereunder in the prior three (3)
years.

 

		(e)	References to “other enterprise” shall include employee benefit plans; references to
 “fines” shall include any excise tax assessed with respect to any employee benefit plan; references to “serving
at the request of the Corporation” shall include any service as a director, officer, employee or agent of the Corporation
which imposes duties on, or involves services by, such director, officer, employee or agent with respect to an employee benefit
plan, its participants or beneficiaries; and a person who acted in good faith and in a manner he reasonably believed to be in the
interests of the participants and beneficiaries of an employee benefit plan shall be deemed to have acted in a manner “not
opposed to the best interests of the Corporation” as referred to in this Agreement.

 

		(f)	The term “Proceeding” shall include any threatened, pending or completed action, suit
or proceeding, claim, counterclaim, arbitration, mediation, alternate dispute resolution mechanism, investigation (formal or informal),
inquiry and administrative hearing, whether brought by or in the right of the Corporation or otherwise and whether of a civil,
criminal, administrative or investigative nature, and any appeal therefrom.

 

     

     

    

 

3.       Indemnification
in Third-Party Proceedings. The Corporation shall indemnify Indemnitee in accordance with the provisions of this Paragraph
3 if Indemnitee was or is a party to or threatened to be made a party to or otherwise involved in any Proceeding (other than a
Proceeding by or in the right of the Corporation to procure a judgment in its favor) by reason of Indemnitee’s Corporate
Status or by reason of any action alleged to have been taken or omitted in connection therewith, against all Expenses, judgments,
fines, penalties and amounts paid in settlement actually and reasonably incurred by Indemnitee or on Indemnitee’s behalf
in connection with such Proceeding, if Indemnitee acted in good faith and in a manner which Indemnitee reasonably believed to be
in, or not opposed to, the best interests of the Corporation and, with respect to any criminal Proceeding, had no reasonable cause
to believe that Indemnitee’s conduct was unlawful. The termination of any Proceeding by judgment, order, settlement, conviction
or upon a plea of nolo contendere, or its equivalent, shall not, of itself, create a presumption that Indemnitee did not act in
good faith and in a manner which Indemnitee reasonably believed to be in, or not opposed to, the best interests of the Corporation
and, with respect to any criminal Proceeding, had reasonable cause to believe that Indemnitee’s conduct was unlawful.

 

4.       Indemnification
in Proceedings by or in the Right of the Corporation. The Corporation shall indemnify Indemnitee in accordance with the provisions
of this Paragraph 4 if Indemnitee is a party to or threatened to be made a party to or otherwise involved in any Proceeding by
or in the right of the Corporation to procure a judgment in its favor by reason of Indemnitee’s Corporate Status or by reason
of any action alleged to have been taken or omitted in connection therewith, against all Expenses and, to the extent permitted
by law, judgment, fines, penalties and amounts paid in settlement actually and reasonably incurred by Indemnitee or on Indemnitee’s
behalf in connection with such Proceeding, if Indemnitee acted in good faith and in a manner which Indemnitee reasonably believed
to be in, or not opposed to, the best interests or the Corporation, except that no indemnification shall be made under this Paragraph
4 in respect to any claim, issue or matter as to which Indemnitee shall have been adjudged to be liable to the Corporation, unless
and only to the extent that a court of proper jurisdiction shall determine upon application that, despite the adjudication of such
liability but in view of all the circumstances of the case, Indemnitee is fairly and reasonably entitled to indemnity for such
Expenses as such court shall deem proper.

 

5.       Exceptions
to Right of Indemnification. Notwithstanding anything to the contrary in this Agreement, except as set forth in Paragraph 10,
the Corporation shall not indemnify Indemnitee in connection with a Proceeding (or part thereof) initiated by Indemnitee unless
(i) the initiation thereof was approved by the Board of Directors of the Corporation; or
(ii) the Proceeding is instituted after a Change in Control. Notwithstanding anything to the contrary in this Agreement,
the Corporation shall not indemnify Indemnitee to the extent Indemnitee is reimbursed from the proceeds of insurance, and in the
event the Corporation makes any indemnification payments to Indemnitee and Indemnitee is subsequently reimbursed from the proceeds
of insurance, Indemnitee shall promptly refund such indemnification payments to the Corporation to the extent of such insurance
reimbursement.

 

6.       Indemnification
of Expenses. Notwithstanding any other provision of this Agreement, to the extent that Indemnitee
has been successful, on the merits or otherwise, in defense of any Proceeding or in defense of any claim, issue or matter therein,
Indemnitee shall be indemnified against all Expenses incurred by Indemnitee or on Indemnitee’s behalf in connection therewith.
Without limiting the foregoing, if any Proceeding or any claim, issue or matter therein is disposed of, on the merits or otherwise
(including a disposition without prejudice), without (i) the disposition being adverse to the Indemnitee, (ii) an adjudication
that the Indemnitee was liable to the Corporation, (iii) a plea of guilty or nolo contendere by the Indemnitee, (iv) an
adjudication that the Indemnitee did not act in good faith and in a manner he reasonably believed to be in or not opposed to the
best interests of the Corporation, and (v) with respect to any criminal proceeding, an adjudication that the Indemnitee had
reasonable cause to believe his conduct was unlawful, Indemnitee shall be considered for the purposes hereof to have been wholly
successful with respect thereto. In addition, notwithstanding any other provision contained in this Agreement, to the extent that
Indemnitee is or is asked to be made, by reason of his Corporate Status, a witness to any Proceeding, is or was asked or required
to respond to discovery requests in any Proceeding, or is or was otherwise asked to participate in any aspect of a Proceeding to
which Indemnitee is not a party, Indemnitee shall be indemnified and held harmless from all Expenses actually and reasonably incurred
by Indemnitee in connection therewith.

 

     

     

    

 

7.       Notification
and Defense of Claim. As a condition precedent to Indemnitee’s right to be indemnified, Indemnitee agrees to notify the
Corporation in writing as soon as reasonably practicable of any Proceeding for which indemnity will or could be sought by Indemnitee
and provide the Corporation with a copy of any summons, citation, subpoena, complaint, indictment, information or other document
relating to such Proceeding with which Indemnitee is served; provided, however, that the failure to give such notice shall not
relieve the Corporation of its obligations to Indemnitee under this Agreement, except to the extent, if any, that the Corporation
is actually prejudiced by the failure to give such notice. With respect to any Proceeding of which the Corporation is so notified,
the Corporation will be entitled to participate therein at its own expense and/or to assume the defense thereof at its own expense,
with legal counsel reasonably acceptable to Indemnitee. After notice from the Corporation to Indemnitee of its election so to assume
such defense, the Corporation shall not be liable to the Indemnitee for any legal or other expenses subsequently incurred by the
Indemnitee in connection with such Proceeding, other than as provided below in this Paragraph 7. Indemnitee shall have the right
to employ Indemnitee’s own counsel in connection with such Proceeding, but the fees and expenses of such counsel incurred
after notice from the Corporation of its assumption of the defense thereof shall be at the expense of Indemnitee unless (i) the
employment of counsel by Indemnitee has been authorized by the Corporation, (ii) counsel to Indemnitee shall have reasonably
concluded that there may be a conflict of interest or position on any significant issue between the Corporation and Indemnitee
in the conduct of the defense of such Proceeding, (iii) after a Change in Control, Indemnitee's
employment of its own counsel has been approved by the Independent Counsel, or (iv) the Corporation shall not in fact have
employed counsel to assume the defense of such Proceeding, in each of which cases the fees and expenses of counsel for Indemnitee
shall be at the expense of the Corporation, except as otherwise expressly provided by this Agreement. The Corporation shall not
be entitled, without the consent of Indemnitee, to assume the defense of any claim brought by or in the right of the Corporation
or as to which counsel for Indemnitee shall have reasonably made the conclusion provided for in clause (ii) above. The Corporation
shall not be required to indemnify Indemnitee under this Agreement for any amounts paid in settlement of any Proceeding effected
without its written consent, provided, however, that if a Change in Control has occurred,
the Corporation shall be liable for indemnification of Indemnitee for amounts paid in settlement if the Independent Counsel has
approved the settlement. The Corporation shall not settle any Proceeding in any manner which would impose any penalty or
limitation on Indemnitee without Indemnitee’s written consent. Neither the Corporation nor the Indemnitee will unreasonably
withhold its consent to any proposed settlement.

 

8.       Advancement
of Expenses. Any Expenses incurred by Indemnitee, or on behalf of an Indemnitee, in connection with any such Proceeding to
which Indemnitee was or is a witness or a party or is threatened to be a party by reason of his Corporate Status or by reason of
any action alleged to have been taken or omitted in connection therewith shall be paid by the Corporation in advance of the final
disposition of such matter; provided, however, that the payment of such Expenses incurred by the Indemnitee in advance of the final
disposition of such matter shall be made only upon receipt of an undertaking by or on behalf of the Indemnitee to repay all amounts
so advanced in the event that it shall ultimately be determined that the Indemnitee is not entitled to be indemnified by the Corporation
as authorized in this Agreement; and further provided that no such advancement of Expenses shall be made if it is determined that
(i) Indemnitee did not act in good faith and in a manner Indemnitee reasonably believes to be in, or not opposed to, the best
interests of the Corporation, or (ii) with respect to any criminal action or proceeding, the Indemnitee had reasonable cause
to believe Indemnitee’s conduct was unlawful. Such undertaking shall be accepted without reference to the financial ability
of Indemnitee to make such repayment. If, pursuant to the terms of this Agreement, Indemnitee is not entitled to be indemnified
with respect to such Proceeding, then such Expenses shall be paid within 60 days after the receipt by Indemnitee of the written
request by the Corporation for the Indemnitee to make payments to the Corporation. Any such Expenses advanced to Indemnitee pursuant
to this Paragraph 8 shall be unsecured and interest free.

 

     

     

    

 

9.       Procedure
for Indemnification; Contribution.

 

		(a)	In order to obtain indemnification pursuant to Paragraphs 3, 4, 6 or 8 of this Agreement, Indemnitee
shall submit to the Corporation a written request, including in such request such documentation and information as is reasonably
available to Indemnitee and is reasonably necessary to determine whether and to what extent Indemnitee is entitled to indemnification
or advancement of Expenses. Any such indemnification or advancement of Expenses shall be made promptly, and in any event within
30 days after receipt by the Corporation of the written request of the Indemnitee, unless with respect to requests under Paragraphs
3 or 4 the Corporation determines within such 30-day period that such Indemnitee did not meet the applicable standard of conduct
set forth in Paragraphs 3 or 4, as the case may be. Such determination, and any determination pursuant to Paragraph 8 that
advanced Expenses must be repaid to the Corporation, shall be made in each instance (a) by a majority vote of the directors
of the Corporation consisting of persons who are not at that time parties to the Proceeding (“Disinterested Directors”),
whether or not a quorum, (b) by a committee of Disinterested Directors designated by majority vote of Disinterested Directors,
whether or not a quorum, (c) if there are no Disinterested Directors, or if Disinterested Directors so direct, by independent
legal counsel (who may, to the extent permitted by applicable law, be regular legal counsel to the Corporation ) in a written opinion
or (d) by the stockholders.

 

		(b)	(i) If a determination is made that Indemnitee is not entitled to indemnification, after Indemnitee
submits a written request therefor, under this Agreement, then in respect of any threatened, pending or completed Proceeding in
which the Corporation is jointly liability with the Indemnitee (or would be if joined in such Proceeding), the Corporation shall
contribute to the amount of Expenses, judgments, fines, penalties, excise taxes and amounts paid in settlement by the Indemnitee
in such proportion as is appropriate to reflect (i) the relative benefits received by the Corporation on the one hand and the Indemnitee
on the other hand from the transaction from which the Proceeding arose, and (ii) the relative fault of the Corporation on the one
hand and of the Indemnitee on the other hand in connection with the events that resulted in such Expenses, judgments, fines, penalties,
excise taxes or amounts paid in settlement, as well as any other relevant equitable considerations. The relative fault of the Corporation
on the one hand and of the Indemnitee on the other hand shall be determined by reference to, among other things, the parties’
relative intent, knowledge, access to information and opportunity to correct or prevent the circumstances resulting in such Expenses,
judgments, fines, penalties, excise taxes or amounts paid in settlement. The Corporation agrees that it would not be just and equitable
if contribution pursuant to this Section were determined by pro rata allocation or any other method of allocation that does not
take into account the foregoing equitable considerations.

 

     

     

    

 

(ii)       The
determination as to the amount of the contribution, if any, shall be made by: (A) a court of competent jurisdiction upon the applicable
of both the Indemnitee and the Corporation (if the Proceeding had been brought in, and final determination had been rendered by
such court); (B) the Board by a majority vote of a quorum consisting of Disinterested Directors; or (C) Independent Counsel, if
a quorum is not obtainable for purpose of (B) above, or, even if obtainable, a quorum of Disinterested Directors so directs.

 

10.       Remedies.
The right to indemnification and immediate advancement of Expenses as provided by this Agreement shall be enforceable by the Indemnitee
in any court of competent jurisdiction. Unless otherwise required by law, the burden of proving that indemnification is not appropriate
shall be on the Corporation. Neither the failure of the Corporation to have made a determination prior to the commencement of such
action that indemnification is proper in the circumstances because Indemnitee has met the applicable standard of conduct, nor an
actual determination by the Corporation pursuant to Paragraph 9 that Indemnitee has not met such applicable standard of conduct,
shall be a defense to the action or create a presumption that Indemnitee has not met the applicable standard of conduct. Indemnitee’s
expenses (of the type described in the definition of “Expenses” in Paragraph 2 (c)) reasonably incurred in connection
with successfully establishing Indemnitee’s right to indemnification, in whole or in part, in any such Proceeding also shall
be indemnified by the Corporation.

 

11.       Partial
Indemnification. If Indemnitee is entitled under any provision of this Agreement to indemnification by the Corporation for
some or a portion of the Expenses, judgments, fines penalties or amounts paid in settlement actually and reasonably incurred by
Indemnitee or on Indemnitee’s behalf in connection with any Proceeding but not, however, for the total amount thereof, the
Corporation shall nevertheless indemnify Indemnitee for the portion of such Expenses, judgments, fines, penalties or amounts paid
in settlement to which Indemnitee is entitled.

 

12.       Establishment
of Trust. In the event of a Change in Control, the Corporation shall, upon written request by Indemnitee, create a trust for
the benefit of Indemnitee and from time to time upon written request of Indemnitee shall fund the trust in an amount sufficient
to satisfy any and all claims hereunder, including Expenses, reasonably anticipated at the time of each such request to be incurred
in connection with investigating, preparing for, participating in, or defending any Proceeding as described in Paragraphs 3 and
4. The amount or amounts to be deposited in the trust pursuant to the foregoing funding obligation shall be determined by the Independent
Counsel. The terms of the trust shall provide that upon a Change in Control, (i) the trust shall not be revoked or the principal
thereof invaded, without the written consent of Indemnitee, (ii) the trustee shall advance, within ten (10) business days of a
request by Indemnitee, any and all Expenses to Indemnitee, (iii) the trust shall continue to be funded by the Corporation in accordance
with the funding obligation set forth above, (iv) the trustee shall promptly pay to Indemnitee all amounts for which Indemnitee
shall be entitled to indemnification pursuant to this Agreement or otherwise, and (v) all unexpended funds in the trust shall revert
to the Corporation upon a final determination by the Independent Counsel or a court of competent jurisdiction, as the case may
be, that Indemnitee has been fully indemnified under the terms of this Agreement. The trustee shall be chosen by Indemnitee. Nothing
in this Paragraph 12 shall relieve the Corporation of any of its obligations under this Agreement. All income earned on the assets
held in the trust shall be reported as income by the Corporation for federal, state, local, and foreign tax purposes. The Corporation
shall pay all costs of establishing and maintaining the trust and shall indemnify the trustee against any and all expenses (including
attorneys’ fees), claims, liabilities, loss, and damages arising out of or relating to this Agreement or the establishment
and maintenance of the trust.

 

     

     

    

 

13.       Subrogation.
In the event of any payment under this Agreement, the Corporation shall be subrogated to the extent of such payment to all of the
rights of recovery of Indemnitee, who shall execute all papers required and take all action necessary to secure such rights, including
execution of such documents as are necessary to enable the Corporation to bring suit to enforce such rights.

 

14.       Term
of Agreement. This Agreement shall continue until and terminate upon the later of (a) six years after the date that Indemnitee
shall have ceased to serve as a director or officer of the Corporation or, at the request of the Corporation, as a director, officer,
employee or agent of another corporation, partnership, joint venture, trust or other enterprise; (b) the expiration of all
applicable statute of limitations periods for any claim which may be brought against Indemnitee in a Proceeding as a result of
his Corporate Status; or (c) the final termination of all Proceedings, or any right to appeal such Proceedings, that are pending
on the date set forth in clauses (a) or (b) in respect of which Indemnitee may be granted rights of indemnification or
advancement of Expenses hereunder and of any proceeding commenced by Indemnitee pursuant to Paragraph 10 of this Agreement relating
thereto.

 

15.       Indemnification
Hereunder Not Exclusive. The indemnification and advancement of Expenses provided by this Agreement shall not be deemed exclusive
of any other rights to which Indemnitee may be entitled under the Articles of Incorporation, the By-Laws, any agreement, any vote
of stockholders or disinterested directors, the applicable law of the State of Delaware, and any other law (common or statutory)
or otherwise, both as to action in Indemnitee’s official corporate capacity and as to action in another capacity while holding
office for the Corporation. Nothing contained in this Agreement shall be deemed to prohibit the Corporation from purchasing and
maintaining insurance, at its expense, to protect itself or the Indemnitee against any expense, liability or loss incurred by it
or Indemnitee in any such capacity, or arising out of Indemnitee’s status as such, whether or not Indemnitee would be indemnified
against such expense, liability or loss under this Agreement; provided that the Corporation shall not be liable under this Agreement
to make any payment of amounts otherwise indemnifiable hereunder if and to the extent that Indemnitee has otherwise actually received
such payment under any insurance policy, contract, agreement or otherwise, including as provided in Paragraph 5 hereof.

 

16.       No
Special Rights. Nothing herein shall confer upon Indemnitee any right to continue to serve as a director or officer of the
Corporation for any period of time or, except as expressly provided herein, at any particular rate of compensation.

 

17.       Savings
Clause. If this Agreement or any portion thereof shall be invalidated on any ground by any court of competent jurisdiction,
then the Corporation shall nevertheless indemnify Indemnitee as to Expenses, judgments, fines, penalties and amounts paid in settlement
with respect to any Proceeding to the full extent permitted by any applicable portion of this Agreement that shall not have been
invalidated and to the fullest extent permitted by applicable law.

 

     

     

    

 

18.       Counterparts;
Facsimile Signatures. This Agreement may be executed in two counterparts, both of which together shall constitute the original
instrument. This Agreement may be executed by facsimile signatures.

 

19.       Successors
and Assigns. This Agreement shall be binding upon the Corporation and its successors and assigns and shall inure to the benefit
of the estate, heirs, executors, administrators and personal representatives of Indemnitee.

 

20.       Headings.
The headings of the paragraphs of this Agreement are inserted for convenience only and shall not be deemed to constitute part of
this Agreement or to affect the construction thereof.

 

21.       Modification
and Waiver. This Agreement may be amended from time to time to reflect changes in applicable law or for other reasons. No supplement,
modification or amendment of this Agreement shall be binding unless executed in writing by both of the parties hereto. No waiver
of any of the provisions of this Agreement shall be deemed or shall constitute a waiver of any other provision hereof nor shall
any such waiver constitute a continuing waiver.

 

22.       Notices.
All notices, requests, demands and other communications hereunder shall be in writing and shall be deemed to have been given (i) when
delivered by hand or (ii) if mailed by certified or registered mail with postage prepaid, on the third day after the date
on which it is so mailed:

 

		(a)	if to the Indemnitee, to:

 

		(b)	if to the Corporation,
to:

 

8 HaTokhen Street,

Caesarea North Industrial Park,

3088900 Israel

Attention: Erez Raphael, Chief
Executive Officer

Email: erez@mydario.com

 

or to such other address as may
have been furnished to Indemnitee by the Corporation or to the Corporation by Indemnitee, as the case may be.

 

23.       Applicable
Law. This Agreement is governed by and is to be construed in accordance with the laws of the State of Delaware without giving
effect to any provisions thereof relating to conflict of laws.

 

24.       Enforcement.
The Corporation expressly confirms and agrees that it has entered into this Agreement in order to induce Indemnitee to continue
to serve as director and/or officer of the Corporation and acknowledges that Indemnitee is relying upon this Agreement in continuing
in such capacity.

 

25.       Insurance.
The Corporation shall maintain an insurance policy or policies providing liability insurance for directors, officers, employees,
agents or fiduciaries of the Corporation or of any other corporation, partnership, joint venture, trust, employee benefit plan
or other enterprise which such person serves at the request of the Corporation, and Indemnitee shall be covered by such policy
or policies in accordance with its or their terms to the maximum extent of the coverage available for any such director, officer,
employee, agent or fiduciary under such policy or policies.

 

[remainder of page intentionally
left blank]

 

     

     

    

 

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

 

	 	DARIOHEALTH CORP.  
	 	 	 
	 	Name: 	                                
	 	Title:  	 
	 	 	 
	 	 	 
	 	Indemnitee 
	 	 	 
	 	Name:

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00306-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00306-of-00352.parquet"}]]