NOVOCURE LIMITED Employee share purchase PLAN Israeli Subplan

This is the Israeli Subplan (the “Subplan”) to the Novocure Limited (the “Company”) Employee Share Purchase Plan (as amended and restated, the “Plan”).

The provisions specified hereunder apply only to Participants who are or are deemed to be residents of the State of Israel for tax purposes or are otherwise subject to taxation in Israel with respect to the Shares (the “Israeli Participants”).

This Subplan applies with respect to purchase rights granted under the Plan to Israeli Participants. The purpose of this Subplan is to provide a method whereby employees of an Employer who satisfy the eligibility provisions under the Plan and are Israeli Participants may be offered an opportunity to purchase Shares that qualify for favorable tax treatment under Section 102 of the ITO, as defined in Section 2. Except as otherwise provided by this Subplan, all grants made pursuant to this Subplan shall be governed by the terms of the Plan. This Subplan complies with and is subject to the ITO  and Section 102, as defined below in Section 2.

This Subplan is to be read as a continuation of the Plan and applies to Shares purchased by Israeli Participants under the Plan only to the extent necessary to comply with the requirements set by Israeli tax law in general, and in particular, with the provisions of the ITO. This Subplan does not add to or modify the Plan in respect of any other category of Participants.

Except as otherwise provided herein, capitalized terms used and not otherwise defined herein shall have the meanings assigned to them in the Plan.

The following additional definitions will apply to grants made pursuant to this Subplan:

102 Trustee Grants shall be made pursuant to either (a) Sections 102(b)(2) and 102(b)(3) of the ITO as 102 Capital Gains Track Grants or (b) Section 102(b)(1) of the ITO as 102 Ordinary Income Track Grants. The Company shall choose only one tax route for the Plan. The Company’s Election regarding the type of 102 Trustee Grant it chooses to make shall be filed with the ITA. Once the Company has filed such Election, it may change the type of 102 Trustee Grant that it chooses to make only after the lapse of at least 12 months from the end of the calendar year in which the first grant was made in accordance with the previous Election, unless provided otherwise under Section 102 or by the ITA. For the avoidance of doubt, such Election shall not prevent the Company from granting Non-Trustee Grants to Eligible 102 Participants at any time.

Eligible 102 Participants may receive only 102 Trustee Grants or Non-Trustee Grants under this Subplan. Individuals or entities that are not Eligible 102 Participants may be granted only 3(i) Shares under this Subplan.

Unless otherwise approved by the ITA, no 102 Trustee Grants may be made pursuant to this Subplan until 30 days after the requisite filings required by Section 102 and the Rules have been made with the ITA.

The subscription agreement or other enrollment documents evidencing the Shares issued pursuant to the Plan and this Subplan shall indicate whether the grant is a 102 Trustee Grant, a Non-Trustee Grant or a 3(i) Share, and if the grant is a 102 Trustee Grant, whether it is a 102 Capital Gains Track Grant or a 102 Ordinary Income Track Grant.

The designation of Non-Trustee Grants and 102 Trustee Grants shall be subject to the terms and conditions set forth in Section 102.

Shares purchased by individuals or entities that are not Eligible 102 Participants shall be designated as 3(i) Shares and shall be subject to tax according to the applicable provisions of the ITO.

Each 102 Trustee Grant will be deemed granted on the Purchase Date, provided that (i) the Company will provide notice to the Trustee of the grant in such form or period of time as may be required under Section 102.

Each 102 Trustee Grant granted to an Eligible 102 Participant shall be issued to and registered in the name of a Trustee or controlled by the Trustee for the benefit of the Eligible 102 Participant in accordance with the provisions of Section 102. In the event that the requirements for 102 Trustee Grants are not met, the 102 Trustee Grants may be regarded as Non-Trustee Grants or as Shares which are not subject to Section 102, all in accordance with the provisions of Section 102. 

With respect to any 102 Trustee Grant, and subject to the provisions of Section 102, an Eligible 102 Participant shall not sell or release from trust any Share purchased under the Plan as a 102 Trustee Grant, including, without limitation, stock dividends, at least until the lapse of the Required Holding Period. Notwithstanding the above, if any such sale or release occurs during the Required Holding Period, the sanctions under Section 102 shall apply to and shall be borne by such Eligible 102 Participant.

In the event a stock dividend is declared and/or other rights are granted with respect to Shares granted as 102 Trustee Grants, such stock dividend and/or other rights shall also be deposited with the Trustee and will be subject to the provisions of this Section 4. The Required Holding Period for Shares and/or rights shall be measured from the commencement of the Required Holding Period for the Share with respect to which the stock dividend was declared and/or other rights were granted.

Each 102 Trustee Grant (whether a 102 Capital Gains Track Grant or a 102 Ordinary lncome Track Grant, as applicable) shall be subject to the relevant terms of Section 102 and the ITO and the agreement between the Trustee and the Company or any Israeli resident Employer (“Trust Agreement”), which shall be deemed an integral part of the 102 Trustee Grant and the terms of Section 102 and the ITO shall prevail over any term contained in the Plan, this Subplan, or any subscription agreement that is not consistent therewith.  Any provision of the ITO and any additional terms required by the ITA not expressly specified in this Subplan or in the subscription agreement, as applicable, which are necessary to receive or maintain any tax benefit pursuant the Section 102, shall be binding on the Eligible 102 Participant.  The Trustee and the Eligible 102 Participant granted a 102 Trustee Grant shall comply with the ITO and the terms and conditions of the Trust Agreement.  For avoidance of doubt, it is reiterated that compliance with the ITO and Section 102 specifically includes compliance with the Rules.  Further, the Eligible 102 Participant agrees to execute or otherwise accept any and all documents that the Company, the Designated Subsidiary employing the Israeli Participant or the Trustee may reasonably determine to be necessary in order to comply with the ITO and the Rules.

During the Required Holding Period, the Eligible 102 Participant will not be allowed to direct the Trustee to release or sell Shares purchased under the Plan or any rights derived from the Shares (including stock dividends) to the Eligible 102 Participant or to a third party, unless permitted to do so under the ITO or the Rules.  Notwithstanding the foregoing, the Trustee may, pursuant to a written request and subject to the ITO and the Rules, release and transfer the Shares to a designated third party, provided that both of the following conditions have been fulfilled prior to such transfer: (i) all taxes required to be paid upon the release and transfer of the Shares have been withheld for transfer to the tax authorities and (ii) the Trustee has received written confirmation from the Company that all requirements for such release and transfer have been fulfilled according to the terms of the Plan, Subplan, any applicable

subscription agreement and any Applicable Laws related to the issuance of Shares. Such sale or release during the Required Holding Period will result in different tax ramifications to the Eligible 102 Participant under Section 102 of the ITO and the Rules, which shall apply to and shall be borne solely by such Eligible 102 Participant. 

In the event a cash dividend is paid on the Shares, the Trustee shall transfer the dividend proceeds to the Eligible 102 Participant after deduction of taxes and mandatory payments in compliance with applicable withholding requirements, and subject to any other requirements imposed by the ITA.

After the Required Holding Period ends, the Eligible 102 Participant may elect that the Shares be transferred to the Eligible 102 Participant directly, provided that the Participant first complies with all applicable provisions of the Plan, Subplan, and the Company and/or its Designated Subsidiary confirms that all of the taxes and mandatory payments in compliance with applicable withholding requirements have been paid by the Eligible 102 Participant.

The Trustee will not perform any transaction or act regarding the Shares granted as 102 Trustee Grants, including transferring, selling, seizing, assigning, hypothecating or pledging (willingly or unwillingly), disposing or assigning the Shares, and will not give any power of attorney regarding the Shares, in any manner other than by will or by the laws of descent and distribution and as permitted by the Plan, unless all the taxes are paid to the ITA, or the Trustee ensures that taxes will be paid. If the Shares are transferred by will or by the laws of descent and distribution, Section 102 and its regulations, including the Rules, will apply to the heirs or the transferees of the Eligible 102 Participant.

Any tax consequences arising from the issuance, sale or transfer of Shares, or from any other event or act (of the Company and/or an Employer in Israel and/or the Trustee and/or the Eligible 102 Participant) shall be borne solely by the Eligible 102 Participant. The Company, the applicable Employer in Israel and/or the Trustee shall withhold taxes according to the requirements under Applicable Laws related to tax withholding, including withholding taxes at source.  Furthermore, the Eligible 102 Participant shall agree to indemnify the Company, the applicable Employer in Israel, and/or the Trustee and hold them harmless against and from any and all liability for any such tax, interest, linkage differences or penalty thereon, including, without any limitation, liabilities relating to the necessity to withhold or to have withheld any such tax from any payment made to the Eligible 102 Participant.

The Company, the applicable Employer, and/or the Trustee may make such provisions and take such steps as they may deem necessary or appropriate for the withholding of all taxes required by law to be withheld with respect to Shares granted under the Plan and the sale, transfer or other disposition thereof, including (but not limited to) (i) withholding from the Eligible 102 Participant’s wages or other cash compensation paid to the Eligible 102 Participant by the Company or an Employer in Israel; or (ii) withholding otherwise deliverable Shares; or (iii) selling a sufficient number of such Shares otherwise deliverable to the Eligible 102 Participant through such means as the Trustee may determine in its sole discretion (whether through a broker or otherwise) equal to the amount required to be withheld either through a voluntary

sale or through a mandatory sale arranged by the Company (on the Eligible 102 Participant’s behalf pursuant to the Eligible 102 Participant’s authorization), to the extent permitted by Section 102 of the ITO or pursuant to the approval of the ITA; or (iv) requiring an Eligible 102 Participant to pay to the Company or an Employer in Israel the amount so required to be withheld as a condition of the issuance, delivery, distribution or release of any Shares.  In addition, the Eligible 102 Participant will be required to pay any amount, including penalties, interest and linkage differences, that exceeds the tax to be withheld and transferred to the tax authorities, pursuant to applicable tax laws, regulations and rules. 

The Company, the applicable Employer in Israel and/or the Trustee shall not be required to release any Shares to the Eligible 102 Participant until all required tax withholding has been performed.

For the avoidance of doubt, there is no assurance that all of the Shares granted pursuant to Section 102 of the ITO shall be eligible for the tax benefits pursuant to Section 102 of the ITO. Therefore, any tax consequences arising from the issuance of Shares covered thereby, from the subsequent sale of Shares or from any other event or act (of the Company, an Employer in Israel, the Trustee, and/or the Eligible 102 Participant) shall be borne solely by the Eligible 102 Participant.

Following the purchase of Shares under this Subplan and in any case in which the Eligible 102 Participant may cease to be considered an “Israeli Resident” as this term is defined in the ITO, the Company, an Employer in Israel, and/or the Trustee may, if and to the extent the ITO and/or the rules promulgated thereunder shall impose such obligation on them, withhold all applicable taxes from the Eligible 102 Participant, remit the amount withheld to the ITA and report to such Eligible 102 Participant the amount so withheld and paid to the ITA.

Notwithstanding the governing law provisions of the Plan and the subscription agreement, this Subplan shall be governed by, and interpreted in accordance with, the laws of the State of Israel applicable to contracts made and to be performed therein.