<SEC-DOCUMENT>0001178913-23-002342.txt : 20230630
<SEC-HEADER>0001178913-23-002342.hdr.sgml : 20230630
<ACCEPTANCE-DATETIME>20230630134651
ACCESSION NUMBER:		0001178913-23-002342
CONFORMED SUBMISSION TYPE:	6-K
PUBLIC DOCUMENT COUNT:		3
CONFORMED PERIOD OF REPORT:	20230630
FILED AS OF DATE:		20230630
DATE AS OF CHANGE:		20230630

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			CHECK POINT SOFTWARE TECHNOLOGIES LTD
		CENTRAL INDEX KEY:			0001015922
		STANDARD INDUSTRIAL CLASSIFICATION:	SERVICES-PREPACKAGED SOFTWARE [7372]
		IRS NUMBER:				943229135
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		6-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-28584
		FILM NUMBER:		231060968

	BUSINESS ADDRESS:	
		STREET 1:		5 HA' SOLELIM STREET
		CITY:			TEL AVIV, ISRAEL
		STATE:			L3
		ZIP:			67897
		BUSINESS PHONE:		650-628-2000

	MAIL ADDRESS:	
		STREET 1:		959 SKYWAY ROAD
		STREET 2:		SUITE 300
		CITY:			SAN CARLOS
		STATE:			CA
		ZIP:			94070
</SEC-HEADER>
<DOCUMENT>
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<TEXT>
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            <div style="text-align: center; line-height: 1.25; font-weight: bold;">UNITED STATES SECURITIES AND EXCHANGE COMMISSION</div>
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    <div style="text-align: center; line-height: 1.25; font-family: 'Times New Roman',Times,serif; font-weight: bold;">Washington, D.C. 20549</div>
    <div style="text-align: center; line-height: 1.25; font-family: 'Times New Roman',Times,serif; font-weight: bold;">&#160;</div>
    <div style="text-align: center; line-height: 1.25; font-family: 'Times New Roman',Times,serif; font-size: 14pt; font-weight: bold;">Form 6-K</div>
    <div style="text-align: center; line-height: 1.25; font-family: 'Times New Roman', serif; font-size: 12pt;"><font style="font-family: 'Times New Roman',Times,serif; font-size: 10pt; font-weight: bold;">Report of Foreign Private Issuer</font><font style="font-family: 'Times New Roman',Times,serif; font-size: 10pt;"><br>
      </font><font style="font-family: 'Times New Roman',Times,serif; font-size: 10pt; font-weight: bold;">Pursuant to Rule&#160;13a-16 or 15d-16 under the Securities Exchange Act of 1934</font></div>
    <div style="text-align: center; line-height: 1.25; font-family: 'Times New Roman',Times,serif; font-weight: bold;">For the month of June, 2023</div>
    <div style="text-align: center; line-height: 1.25; font-family: 'Times New Roman',Times,serif; font-weight: bold;">Commission File Number 000-28584</div>
    <div style="text-align: center; line-height: 1.25; font-family: 'Times New Roman',Times,serif; font-size: 16pt; font-weight: bold;">Check Point Software Technologies Ltd.</div>
    <div style="text-align: center; line-height: 1.25; font-family: 'Times New Roman',Times,serif;">(<font style="font-style: italic;">Translation of Registrant&#8217;s name into English</font>)</div>
    <div style="text-align: center; line-height: 1.25; font-family: 'Times New Roman',Times,serif; font-weight: bold;">5 Shlomo Kaplan Street</div>
    <div style="text-align: center; line-height: 1.25; font-family: 'Times New Roman',Times,serif; font-weight: bold;">Tel Aviv 6789159, Israel</div>
    <div style="text-align: center; line-height: 1.25; font-family: 'Times New Roman',Times,serif;">(<font style="font-style: italic;">Address of principal executive office</font>)</div>
    <div style="line-height: 1.25; font-family: 'Times New Roman',Times,serif;">&#160;</div>
    <div style="line-height: 1.25; font-family: 'Times New Roman',Times,serif;">Indicate by check mark whether the registrant files or will file annual reports under cover Form&#160;20-F or Form&#160;40-F:<br>
      <br>
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    <div style="line-height: 1.25; font-family: 'Times New Roman',Times,serif; text-align: center;">&#160;Form&#160;20-F &#9745; &#160; &#160; &#160; &#160; &#160; Form&#160;40-F &#9744;</div>
    <div style="line-height: 1.25; font-family: 'Times New Roman',Times,serif; text-align: center;"> <br>
    </div>
    <div style="line-height: 1.25; font-family: 'Times New Roman',Times,serif;">Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation&#160;S-T Rule&#160;101(b)(1):_______<br>
      <br>
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    <div style="line-height: 1.25; font-family: 'Times New Roman',Times,serif;">Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation&#160;S-T Rule&#160;101(b)(7):_______</div>
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    <div style="text-align: center; line-height: 1.25; font-family: 'Times New Roman',Times,serif; font-weight: bold;">CHECK POINT SOFTWARE TECHNOLOGIES LTD.</div>
    <div style="text-align: center; line-height: 1.25; font-family: 'Times New Roman',Times,serif; font-weight: bold;">5 Shlomo Kaplan Street</div>
    <div style="text-align: center; line-height: 1.25; font-family: 'Times New Roman',Times,serif; font-weight: bold;">Tel Aviv 6789159, Israel</div>
    <div style="line-height: 1.25; font-family: 'Times New Roman',Times,serif;">&#160;</div>
    <div style="text-align: center; line-height: 1.25; font-family: 'Times New Roman',Times,serif; font-style: italic; font-weight: bold;">PROXY STATEMENT</div>
    <div style="text-align: center; line-height: 1.25; font-family: 'Times New Roman',Times,serif; font-weight: bold;">______________</div>
    <div style="line-height: 1.25; font-family: 'Times New Roman',Times,serif;">&#160;</div>
    <div style="text-align: center; line-height: 1.25; font-family: 'Times New Roman',Times,serif; font-weight: bold;">ANNUAL GENERAL MEETING OF SHAREHOLDERS</div>
    <div style="line-height: 1.25; font-family: 'Times New Roman',Times,serif;">&#160;</div>
    <div style="text-align: center; line-height: 1.25; font-family: 'Times New Roman',Times,serif; font-weight: bold;">To be held on August 3, 2023</div>
    <div style="line-height: 1.25; font-family: 'Times New Roman',Times,serif;">&#160;</div>
    <div style="text-align: justify; text-indent: 36pt; line-height: 1.25; font-family: 'Times New Roman',Times,serif;">We invite you to attend the Annual General Meeting of Shareholders of Check Point Software Technologies Ltd.<font style="font-weight: bold;">&#160;</font>(&#8220;<font style="font-weight: bold; font-style: italic;">Check Point</font>&#8221;).&#160;&#160; The meeting will be held on August 3, 2023 at 5:00 P.M. (Israel time), and thereafter as it may be adjourned or postponed from time to
      time, at Check Point&#8217;s principal executive offices at 5 Shlomo Kaplan Street, Tel Aviv 6789159, Israel.</div>
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    <div style="text-align: justify; text-indent: 36pt; line-height: 1.25; color: rgb(0, 0, 0); font-family: 'Times New Roman',Times,serif;">We are sending you this Proxy Statement because you hold Check Point ordinary shares.&#160;
      Our Board of Directors is asking that you sign and send in your proxy card, attached to this Proxy Statement, in order to vote at the meeting or at any adjournment of the meeting.</div>
    <div style="line-height: 1.25; font-family: 'Times New Roman',Times,serif;">&#160;</div>
    <div style="line-height: 1.25; font-family: 'Times New Roman',Times,serif; font-weight: bold;">Agenda Items</div>
    <div style="line-height: 1.25; font-family: 'Times New Roman',Times,serif;">&#160;</div>
    <div style="text-indent: 36pt; line-height: 1.25; font-family: 'Times New Roman',Times,serif;">The following matters are on the agenda for the meeting:</div>
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          <td style="width: 36pt; vertical-align: top; font-family: 'Times New Roman',Times,serif;">(1)</td>
          <td style="width: auto; vertical-align: top; text-align: justify; font-family: 'Times New Roman',Times,serif;">
            <div>to elect six directors &#8211; we are proposing to reelect five of our current non-outside directors and to elect one new director;</div>
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          <td style="width: 36pt; vertical-align: top; font-family: 'Times New Roman',Times,serif;">(2)</td>
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            <div>to elect one outside director &#8211; the three-year term of one of our current outside directors will expire at the meeting, and we are proposing to reelect one outside director;</div>
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          <td style="width: 36pt; vertical-align: top; font-family: 'Times New Roman',Times,serif;">(3)</td>
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            <div>to ratify the appointment and compensation of Kost, Forer, Gabbay &amp; Kasierer, a member of Ernst &amp; Young Global, as our independent registered public accounting firm for the fiscal year ending December 31, 2023, and for such
              additional period until the next annual general meeting of shareholders &#8211; Israeli law requires that we ask you, on an annual basis, to approve our auditors; when this proposal is raised, you will also be invited to discuss our 2022
              consolidated financial statements;</div>
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          <td style="width: 36pt; vertical-align: top; font-family: 'Times New Roman',Times,serif;">(4)</td>
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            <div>as required by Israeli law, to approve the compensation for&#160;our Chief Executive Officer; and</div>
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          <td style="width: 36pt; vertical-align: top; font-family: 'Times New Roman',Times,serif;">(5)</td>
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            <div>as required by Israeli law, to amend the compensation arrangements of our non-executive directors.</div>
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    <div style="line-height: 1.25; font-family: 'Times New Roman',Times,serif; font-weight: bold;">How You Can Vote</div>
    <div style="line-height: 1.25; font-family: 'Times New Roman',Times,serif;"><br style="line-height: 1.25;">
    </div>
    <div style="text-align: justify; text-indent: 36pt; line-height: 1.25; font-family: 'Times New Roman',Times,serif;">You can vote your shares by attending the meeting or by completing and signing a proxy card.&#160; Attached is the
      proxy card for the meeting that is being solicited by our Board of Directors.&#160; Please follow the instructions on the proxy card.&#160; You may change your mind and cancel your proxy card by sending us written notice, by signing and returning a proxy card
      with a later date, or by voting in person or by proxy at the meeting.&#160; We will not be able to count a proxy card unless we receive it at our principal executive offices at 5 Shlomo Kaplan Street, Tel Aviv 6789159, Israel, or our registrar and
      transfer agent receives it in the enclosed envelope, by August 3, 2023 at 6:59 A.M. (Israel time), which is August 2, 2023 at 11:59 P.M. (Eastern daylight time).&#160; By signing and returning the proxy card you are confirming that you are not a
      &#8220;controlling shareholder&#8221; and do not have a &#8220;personal interest&#8221; in any proposed resolution, unless you specifically note on the proxy card that you are a &#8220;controlling shareholder&#8221; or have a &#8220;personal interest&#8221; with respect to a specific resolution.</div>
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    <div style="line-height: 1.25; font-family: 'Times New Roman',Times,serif; font-weight: bold;">Who Can Vote</div>
    <div style="text-indent: 36pt; line-height: 1.25; font-family: 'Times New Roman',Times,serif;"><br style="line-height: 1.25;">
    </div>
    <div style="text-align: justify; text-indent: 36pt; line-height: 1.25; font-family: 'Times New Roman',Times,serif;">You are entitled to notice of the meeting and to vote at the meeting if you were a shareholder of record at
      the close of business on June 26, 2023 (the &#8220;<font style="font-weight: bold; font-style: italic;">Record Date</font>&#8221;).&#160; You are also entitled to notice of the meeting and to vote at the meeting if you held our ordinary shares through a bank, broker
      or other nominee that was one of our shareholders of record at the close of business on the Record Date or that appeared in the participant listing of a securities depository on that date.&#160; We will commence mailing copies of this Proxy Statement and
      the proxy cards to our shareholders of record on the Record Date on or about June 30, 2023, and we will solicit proxies primarily by mail and email.&#160; The original solicitation of proxies by mail and email may be further supplemented by solicitation
      by telephone, mail, email and other means by certain of our officers, directors and employees, but they will not receive additional compensation for these services.&#160; We will bear the cost of external solicitors and of the solicitation of the proxies,
      including postage, printing and handling, and will reimburse the reasonable expenses of banks, brokerage firms and others for forwarding material to beneficial owners of our ordinary shares.</div>
    <div style="line-height: 1.25; font-family: 'Times New Roman',Times,serif;">&#160;</div>
    <div style="line-height: 1.25; font-family: 'Times New Roman',Times,serif; font-weight: bold;">Required Vote and Quorum</div>
    <div style="line-height: 1.25; font-family: 'Times New Roman',Times,serif;">&#160;</div>
    <div style="text-align: justify; text-indent: 36pt; line-height: 1.25; font-family: 'Times New Roman',Times,serif;">On June 26, 2023, we had outstanding 116,993,749 ordinary shares.&#160; Each ordinary share is entitled to one
      vote upon each of the matters to be presented at the meeting.&#160; The affirmative vote of the holders of a majority of the voting power represented and voting on each of the proposals in person or by proxy is required to approve each of the proposals.</div>
    <div style="line-height: 1.25; font-family: 'Times New Roman',Times,serif;">&#160;</div>
    <div style="text-align: justify; text-indent: 36pt; line-height: 1.25; font-family: 'Times New Roman',Times,serif;">In addition, a special majority vote will be required for approval of the proposals in Items 2 and 4. &#160;In
      order for each of these two proposals to be approved either (i) the affirmative vote of the ordinary shares must include at least a majority of the ordinary shares voted by shareholders who are not controlling shareholders and who do not have a
      personal interest in the approval of the proposal, or (ii) the total ordinary shares of non-controlling shareholders and non-interested shareholders voted against such proposal must not represent more than two percent of the outstanding ordinary
      shares.</div>
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    <div style="line-height: 1.25; font-family: 'Times New Roman',Times,serif;">&#160;</div>
    <div style="text-align: justify; text-indent: 36pt; line-height: 1.25; font-family: 'Times New Roman',Times,serif;">Under our Articles of Association, the meeting will be properly convened if at least two shareholders attend
      the meeting in person or sign and return proxies, provided that they hold ordinary shares representing more than 50% of the voting power.&#160; This is known as a quorum.&#160; If a quorum is not present within half an hour from the time scheduled for the
      meeting, the meeting will be adjourned for one week, to the same day, time and place, or to a day, time and place proposed by the Chairman of our Board of Directors with the consent of the majority of the voting power represented at the meeting in
      person or by proxy and voting on the adjournment.&#160; Any two shareholders who attend an adjourned meeting in person or by proxy will constitute a quorum, regardless of the number of ordinary shares they hold or represent.&#160; Under Israeli law, broker
      non-votes and abstentions will be counted toward the required quorum, but will then have no effect on whether the requisite vote is obtained (that is, they will not be counted as voting for or against the proposals to be presented at the meeting).</div>
    <div style="line-height: 1.25; font-family: 'Times New Roman',Times,serif;">&#160;</div>
    <div style="text-align: justify; text-indent: 36pt; line-height: 1.25; font-family: 'Times New Roman',Times,serif;">If a shareholder holds ordinary shares through a bank or broker it is critical for that holder to cast a vote
      if that holder wants its shares to count.&#160; Please note that a shareholder&#8217;s bank or broker can no longer vote uninstructed shares in the election of directors on a discretionary basis.&#160; Thus, if a shareholder holds ordinary shares through a bank or
      broker and does not instruct the bank or broker how to vote, no votes will be cast on that shareholder&#8217;s behalf except with respect to the proposal in Item 2 below.&#160; The shareholder&#8217;s bank or broker will, however, continue to have discretion to vote
      any uninstructed shares on the ratification of the appointment and compensation of Check Point&#8217;s independent registered public accounting firm (Item 2 of this Proxy Statement).</div>
    <div style="line-height: 1.25; font-family: 'Times New Roman',Times,serif;">&#160;</div>
    <div style="line-height: 1.25; font-family: 'Times New Roman',Times,serif; font-weight: bold;">Our Board of Directors unanimously recommends that you vote &#8220;FOR&#8221; all proposals under Items 1 through 5 below.</div>
    <div style="line-height: 1.25; font-family: 'Times New Roman',Times,serif;"><br style="line-height: 1.25;">
    </div>
    <div style="text-align: center; line-height: 1.25; font-family: 'Times New Roman',Times,serif;">BENEFICIAL OWNERSHIP OF SECURITIES</div>
    <div style="text-align: center; line-height: 1.25; font-family: 'Times New Roman',Times,serif;">BY CERTAIN BENEFICIAL OWNERS AND MANAGEMENT; EXECUTIVE COMPENSATION</div>
    <div style="line-height: 1.25; font-family: 'Times New Roman',Times,serif;">&#160;</div>
    <div style="text-indent: 36pt; line-height: 1.25; font-family: 'Times New Roman',Times,serif;">The following table shows information as of June 26, 2023 for (i) each person who, to our knowledge,
      beneficially owns more than 5% of our outstanding ordinary shares, and (ii) our executive officers and directors as a group.&#160; The information in the table below is based on&#160; 116,993,749 ordinary shares outstanding as of June 26, 2023.</div>
    <div style="line-height: 1.25; font-family: 'Times New Roman',Times,serif;"><br style="line-height: 1.25;">
    </div>
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            <div style="text-align: center; line-height: 1.25; font-weight: bold;">Name</div>
          </td>
          <td valign="bottom" style="font-family: 'Times New Roman',Times,serif; vertical-align: bottom; padding-bottom: 2px;" colspan="1" class="cftguttercell">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; font-family: 'Times New Roman',Times,serif; border-bottom: 2px solid rgb(0, 0, 0);" colspan="2">
            <div style="text-align: center; line-height: 1.25; font-weight: bold;">Number of shares beneficially owned (1)</div>
          </td>
          <td valign="bottom" nowrap="nowrap" style="font-family: 'Times New Roman',Times,serif; vertical-align: bottom; padding-bottom: 2px;" colspan="1" class="cftfncell">&#160;</td>
          <td valign="bottom" style="font-family: 'Times New Roman',Times,serif; vertical-align: bottom; padding-bottom: 2px;" colspan="1" class="cftguttercell">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; font-family: 'Times New Roman',Times,serif; border-bottom: 2px solid rgb(0, 0, 0);" colspan="2">
            <div style="text-align: center; line-height: 1.25; font-weight: bold;">% of class of shares (2)</div>
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          <td valign="bottom" nowrap="nowrap" style="font-family: 'Times New Roman',Times,serif; vertical-align: bottom; padding-bottom: 2px;" colspan="1" class="cftfncell">&#160;</td>
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          <td valign="bottom" style="vertical-align: bottom; font-family: 'Times New Roman',Times,serif; border-bottom: 2px solid rgb(0, 0, 0);" colspan="2">
            <div style="text-align: center; line-height: 1.25; font-weight: bold;">Number of options/RSUs/PSUs (3)</div>
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          <td valign="bottom" nowrap="nowrap" style="font-family: 'Times New Roman',Times,serif; vertical-align: bottom; padding-bottom: 2px;" colspan="1" class="cftfncell">&#160;</td>
          <td valign="bottom" style="font-family: 'Times New Roman',Times,serif; vertical-align: bottom; padding-bottom: 2px;" colspan="1" class="cftguttercell">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; font-family: 'Times New Roman',Times,serif; border-bottom: 2px solid rgb(0, 0, 0);" colspan="2">
            <div style="text-align: center; line-height: 1.25; font-weight: bold;">Exercise prices of options</div>
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          <td valign="bottom" nowrap="nowrap" style="font-family: 'Times New Roman',Times,serif; vertical-align: bottom; padding-bottom: 2px;" colspan="1" class="cftfncell">&#160;</td>
          <td valign="bottom" style="font-family: 'Times New Roman',Times,serif; vertical-align: bottom; padding-bottom: 2px;" colspan="1" class="cftguttercell">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; font-family: 'Times New Roman',Times,serif; border-bottom: 2px solid rgb(0, 0, 0);" colspan="2">
            <div style="text-align: center; line-height: 1.25; font-weight: bold;">Dates of expiration of options</div>
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          <td valign="bottom" nowrap="nowrap" style="font-family: 'Times New Roman',Times,serif; vertical-align: bottom; padding-bottom: 2px;" colspan="1" class="cftfncell">&#160;</td>
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            <div style="text-indent: -7.2pt; margin-left: 7.2pt; line-height: 1.25;">Gil Shwed (4)</div>
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          <td valign="bottom" style="font-family: 'Times New Roman',Times,serif; vertical-align: bottom; background-color: rgb(204, 238, 255);" colspan="1" class="cftguttercell">&#160;</td>
          <td valign="bottom" style="font-family: 'Times New Roman',Times,serif; vertical-align: bottom; background-color: rgb(204, 238, 255);" colspan="1" class="cftcurrcell">&#160;</td>
          <td valign="bottom" style="font-family: 'Times New Roman',Times,serif; vertical-align: bottom; text-align: right; background-color: rgb(204, 238, 255);" colspan="1" class="cftnumcell">
            <div style="line-height: 1.25;">29,609,766</div>
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          <td valign="bottom" nowrap="nowrap" style="font-family: 'Times New Roman',Times,serif; vertical-align: bottom; background-color: rgb(204, 238, 255);" colspan="1" class="cftfncell">&#160;</td>
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            <div style="line-height: 1.25;">24.3</div>
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          <td valign="bottom" nowrap="nowrap" style="font-family: 'Times New Roman',Times,serif; vertical-align: bottom; background-color: rgb(204, 238, 255);" colspan="1" class="cftfncell">
            <div style="line-height: 1.25;">%</div>
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          <td valign="bottom" style="font-family: 'Times New Roman',Times,serif; vertical-align: bottom; background-color: rgb(204, 238, 255);" colspan="1" class="cftguttercell">&#160;</td>
          <td valign="bottom" style="font-family: 'Times New Roman',Times,serif; vertical-align: bottom; background-color: rgb(204, 238, 255);" colspan="1" class="cftcurrcell">&#160;</td>
          <td valign="bottom" style="font-family: 'Times New Roman',Times,serif; vertical-align: bottom; text-align: right; background-color: rgb(204, 238, 255);" colspan="1" class="cftnumcell">
            <div style="line-height: 1.25;">4,700,000</div>
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          <td valign="bottom" nowrap="nowrap" style="font-family: 'Times New Roman',Times,serif; vertical-align: bottom; background-color: rgb(204, 238, 255);" colspan="1" class="cftfncell">&#160;</td>
          <td valign="bottom" style="font-family: 'Times New Roman',Times,serif; vertical-align: bottom; background-color: rgb(204, 238, 255);" colspan="1" class="cftguttercell">&#160;</td>
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            <div style="line-height: 1.25;"><br>
            </div>
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          <td valign="bottom" style="font-family: 'Times New Roman',Times,serif; vertical-align: bottom; text-align: right; background-color: rgb(204, 238, 255);" colspan="1" class="cftnumcell">
            <div style="line-height: 1.25;">$114.81 - $123.05</div>
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          <td valign="bottom" style="font-family: 'Times New Roman',Times,serif; vertical-align: bottom; background-color: rgb(204, 238, 255);" colspan="1" class="cftguttercell">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; font-family: 'Times New Roman',Times,serif; background-color: rgb(204, 238, 255);" colspan="2">
            <div style="text-align: right; line-height: 1.25;">06/06/2024 &#8211; 08/29/2029</div>
          </td>
          <td valign="bottom" nowrap="nowrap" style="font-family: 'Times New Roman',Times,serif; vertical-align: bottom; background-color: rgb(204, 238, 255);" colspan="1" class="cftfncell">&#160;</td>
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            <div style="line-height: 1.25;">Massachusetts Financial Services (5)</div>
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          <td valign="bottom" style="font-family: 'Times New Roman',Times,serif; vertical-align: bottom; width: 1%;" colspan="1" class="cftguttercell">&#160;</td>
          <td valign="bottom" style="font-family: 'Times New Roman',Times,serif; vertical-align: bottom; width: 1%;" colspan="1" class="cftcurrcell">&#160;</td>
          <td valign="bottom" style="font-family: 'Times New Roman',Times,serif; vertical-align: bottom; text-align: right; width: 9%;" colspan="1" class="cftnumcell">
            <div style="line-height: 1.25;">7,335,482</div>
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          <td valign="bottom" nowrap="nowrap" style="font-family: 'Times New Roman',Times,serif; vertical-align: bottom; width: 1%;" colspan="1" class="cftfncell">&#160;</td>
          <td valign="bottom" style="font-family: 'Times New Roman',Times,serif; vertical-align: bottom; width: 1%;" colspan="1" class="cftguttercell">&#160;</td>
          <td valign="bottom" style="font-family: 'Times New Roman',Times,serif; vertical-align: bottom; width: 1%;" colspan="1" class="cftcurrcell">&#160;</td>
          <td valign="bottom" style="font-family: 'Times New Roman',Times,serif; vertical-align: bottom; text-align: right; width: 9%;" colspan="1" class="cftnumcell">
            <div style="line-height: 1.25;">6.3</div>
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          <td valign="bottom" nowrap="nowrap" style="font-family: 'Times New Roman',Times,serif; vertical-align: bottom; width: 1%;" colspan="1" class="cftfncell">
            <div style="line-height: 1.25;">%</div>
          </td>
          <td valign="bottom" style="font-family: 'Times New Roman',Times,serif; vertical-align: bottom; width: 1%;" colspan="1" class="cftguttercell">&#160;</td>
          <td valign="bottom" style="font-family: 'Times New Roman',Times,serif; vertical-align: bottom; width: 1%;" colspan="1" class="cftcurrcell">&#160;</td>
          <td valign="bottom" style="font-family: 'Times New Roman',Times,serif; vertical-align: bottom; text-align: right; width: 9%;" colspan="1" class="cftnumcell">
            <div style="line-height: 1.25;">-</div>
          </td>
          <td valign="bottom" nowrap="nowrap" style="font-family: 'Times New Roman',Times,serif; vertical-align: bottom; width: 1%;" colspan="1" class="cftfncell">&#160;</td>
          <td valign="bottom" style="font-family: 'Times New Roman',Times,serif; vertical-align: bottom; width: 1%;" colspan="1" class="cftguttercell">&#160;</td>
          <td valign="bottom" style="font-family: 'Times New Roman',Times,serif; vertical-align: bottom; width: 1%;" colspan="1" class="cftcurrcell">&#160;</td>
          <td valign="bottom" style="font-family: 'Times New Roman',Times,serif; vertical-align: bottom; text-align: right; width: 9%;" colspan="1" class="cftnumcell">
            <div style="line-height: 1.25;">-</div>
          </td>
          <td valign="bottom" nowrap="nowrap" style="font-family: 'Times New Roman',Times,serif; vertical-align: bottom; width: 1%;" colspan="1" class="cftfncell">&#160;</td>
          <td valign="bottom" style="font-family: 'Times New Roman',Times,serif; vertical-align: bottom; width: 1%;" colspan="1" class="cftguttercell">&#160;</td>
          <td valign="bottom" style="font-family: 'Times New Roman',Times,serif; vertical-align: bottom; width: 1%;" colspan="1" class="cftcurrcell">&#160;</td>
          <td valign="bottom" style="font-family: 'Times New Roman',Times,serif; vertical-align: bottom; text-align: right; width: 9%;" colspan="1" class="cftnumcell">
            <div style="line-height: 1.25;">-</div>
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          <td valign="bottom" nowrap="nowrap" style="font-family: 'Times New Roman',Times,serif; vertical-align: bottom; width: 1%;" colspan="1" class="cftfncell">&#160;</td>
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        <tr>
          <td valign="bottom" style="vertical-align: bottom; font-family: 'Times New Roman',Times,serif; background-color: rgb(204, 238, 255);">
            <div style="line-height: 1.25;">All directors and officers as a group (12 persons including Mr. Shwed)(4)</div>
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          <td valign="bottom" style="font-family: 'Times New Roman',Times,serif; vertical-align: bottom; background-color: rgb(204, 238, 255);" colspan="1" class="cftguttercell">&#160;</td>
          <td valign="bottom" style="font-family: 'Times New Roman',Times,serif; vertical-align: bottom; background-color: rgb(204, 238, 255);" colspan="1" class="cftcurrcell">&#160;</td>
          <td valign="bottom" style="font-family: 'Times New Roman',Times,serif; vertical-align: bottom; text-align: right; background-color: rgb(204, 238, 255);" colspan="1" class="cftnumcell">
            <div style="line-height: 1.25;">30,753,399</div>
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          <td valign="bottom" nowrap="nowrap" style="font-family: 'Times New Roman',Times,serif; vertical-align: bottom; background-color: rgb(204, 238, 255);" colspan="1" class="cftfncell">&#160;</td>
          <td valign="bottom" style="font-family: 'Times New Roman',Times,serif; vertical-align: bottom; background-color: rgb(204, 238, 255);" colspan="1" class="cftguttercell">&#160;</td>
          <td valign="bottom" style="font-family: 'Times New Roman',Times,serif; vertical-align: bottom; background-color: rgb(204, 238, 255);" colspan="1" class="cftcurrcell">&#160;</td>
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            <div style="line-height: 1.25;">25.1</div>
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          <td valign="bottom" nowrap="nowrap" style="font-family: 'Times New Roman',Times,serif; vertical-align: bottom; background-color: rgb(204, 238, 255);" colspan="1" class="cftfncell">
            <div style="line-height: 1.25;">%</div>
          </td>
          <td valign="bottom" style="font-family: 'Times New Roman',Times,serif; vertical-align: bottom; background-color: rgb(204, 238, 255);" colspan="1" class="cftguttercell">&#160;</td>
          <td valign="bottom" style="font-family: 'Times New Roman',Times,serif; vertical-align: bottom; background-color: rgb(204, 238, 255);" colspan="1" class="cftcurrcell">&#160;</td>
          <td valign="bottom" style="font-family: 'Times New Roman',Times,serif; vertical-align: bottom; text-align: right; background-color: rgb(204, 238, 255);" colspan="1" class="cftnumcell">
            <div style="line-height: 1.25;">5,706,086</div>
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          <td valign="bottom" nowrap="nowrap" style="font-family: 'Times New Roman',Times,serif; vertical-align: bottom; background-color: rgb(204, 238, 255);" colspan="1" class="cftfncell">&#160;</td>
          <td valign="bottom" style="font-family: 'Times New Roman',Times,serif; vertical-align: bottom; background-color: rgb(204, 238, 255);" colspan="1" class="cftguttercell">&#160;</td>
          <td valign="bottom" style="font-family: 'Times New Roman',Times,serif; vertical-align: bottom; background-color: rgb(204, 238, 255);" colspan="1" class="cftcurrcell">
            <div style="line-height: 1.25;"><br>
            </div>
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            <div style="line-height: 1.25;">$91.78 - $123.05</div>
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          <td valign="bottom" nowrap="nowrap" style="font-family: 'Times New Roman',Times,serif; vertical-align: bottom; background-color: rgb(204, 238, 255);" colspan="1" class="cftfncell">&#160;</td>
          <td valign="bottom" style="font-family: 'Times New Roman',Times,serif; vertical-align: bottom; background-color: rgb(204, 238, 255);" colspan="1" class="cftguttercell">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; font-family: 'Times New Roman',Times,serif; background-color: rgb(204, 238, 255);" colspan="2">
            <div style="text-align: right; line-height: 1.25;">06/06/2024 &#8211; 08/29/2029</div>
          </td>
          <td valign="bottom" nowrap="nowrap" style="font-family: 'Times New Roman',Times,serif; vertical-align: bottom; background-color: rgb(204, 238, 255);" colspan="1" class="cftfncell">&#160;</td>
        </tr>

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    <div style="line-height: 1.25; font-family: 'Times New Roman',Times,serif;">&#160;</div>
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          <td style="width: 9pt; font-family: 'Times New Roman',Times,serif;"><br>
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          <td style="width: 18pt; vertical-align: top;"><font style="font-family: 'Times New Roman',Times,serif; font-weight: bold;">&#160;</font><font style="font-family: 'Times New Roman',Times,serif;">(1)</font></td>
          <td style="width: auto; vertical-align: top; text-align: justify; font-family: 'Times New Roman',Times,serif;">
            <div>The number of ordinary shares shown includes shares that each shareholder has the right to acquire pursuant to stock options that are presently exercisable or exercisable within 60 days after June 26, 2023, and restricted share units and
              performance share units that vest within 60 days after June 26, 2023.</div>
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    <div style="line-height: 1.25; font-family: 'Times New Roman',Times,serif;">&#160;</div>
    <table cellspacing="0" cellpadding="0" id="z9b45780ecbb740a9aa587d8cb0f0b306" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

        <tr>
          <td style="width: 9pt; font-family: 'Times New Roman',Times,serif;"><br>
          </td>
          <td style="width: 18pt; vertical-align: top; font-family: 'Times New Roman',Times,serif;">(2)</td>
          <td style="width: auto; vertical-align: top; text-align: justify; font-family: 'Times New Roman',Times,serif;">
            <div>If a shareholder has the right to acquire shares by exercising stock options or the vesting of restricted share units or performance share units, these shares are deemed outstanding for the purpose of computing the percentage owned by the
              specific shareholder (that is, they are included in both the numerator and the denominator) but they are disregarded for the purpose of computing the percentage owned by any other shareholder.</div>
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        </tr>

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    <div style="line-height: 1.25; font-family: 'Times New Roman',Times,serif;">&#160;</div>
    <table cellspacing="0" cellpadding="0" id="z80fd7b9ef3c8492b9c2cda65e258269c" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

        <tr>
          <td style="width: 9pt; font-family: 'Times New Roman',Times,serif;"><br>
          </td>
          <td style="width: 18pt; vertical-align: top; font-family: 'Times New Roman',Times,serif;">(3)</td>
          <td style="width: auto; vertical-align: top; text-align: justify; font-family: 'Times New Roman',Times,serif;">
            <div>Number of shares subject to stock options that were immediately exercisable or are exercisable within 60 days from June 26, 2023, and restricted share units and performance share units that vest within 60 days after June 26, 2023.</div>
          </td>
        </tr>

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    <div style="line-height: 1.25; font-family: 'Times New Roman',Times,serif;">&#160;</div>
    <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" class="BRPFPageBreakArea">
      <div style="text-align: center;" class="BRPFPageNumberArea"><font style="color: #000000; font-weight: normal; font-style: normal;" class="BRPFPageNumber">3</font></div>
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          </td>
          <td style="width: 18pt; vertical-align: top; font-family: 'Times New Roman',Times,serif;">(4)</td>
          <td style="width: auto; vertical-align: top; text-align: justify; font-family: 'Times New Roman',Times,serif;">
            <div>The address for Mr. Shwed is c/o Check Point Software Technologies Ltd., 5 Shlomo Kaplan Street, Tel Aviv 6789159, Israel.&#160; Except as may be provided by applicable community property laws, Mr. Shwed has sole voting and investment power
              with respect to his ordinary shares.</div>
          </td>
        </tr>

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    <div style="line-height: 1.25; font-family: 'Times New Roman',Times,serif;"><br style="line-height: 1.25;">
    </div>
    <table cellspacing="0" cellpadding="0" id="z9c78fa570c3d490c82fabe0de5b483d2" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

        <tr>
          <td style="width: 9.35pt; font-family: 'Times New Roman',Times,serif;"><br>
          </td>
          <td style="width: 18pt; vertical-align: top; font-family: 'Times New Roman',Times,serif;">(5)</td>
          <td style="width: auto; vertical-align: top; text-align: justify; font-family: 'Times New Roman',Times,serif;">
            <div>As of December&#160;31, 2022, based on information contained in a Schedule 13G/A filed by Massachusetts Financial Services Company with the Securities and Exchange Commission on February&#160;8, 2023. The address for Massachusetts Financial Services
              Company is 111 Huntington Avenue, Boston, Massachusetts 02199.</div>
          </td>
        </tr>

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    <div style="line-height: 1.25; font-family: 'Times New Roman',Times,serif;"><br style="line-height: 1.25;">
    </div>
    <div style="text-align: justify; text-indent: 36pt; line-height: 1.25; font-family: 'Times New Roman',Times,serif;">The annual compensation earned during 2022 by our five most highly-compensated executive officers in Israel
      is outlined in Item 6 of our Annual Report on Form 20-F for the year ended December 31, 2022, as filed with the Securities and Exchange Commission on April 27, 2023, a copy of which is available on our website at&#160;<font style="color: rgb(0, 0, 255);"><u>www.checkpoint.com</u></font>.</div>
    <div style="line-height: 1.25; font-family: 'Times New Roman',Times,serif;"><br style="line-height: 1.25;">
    </div>
    <div style="text-align: justify; text-indent: 36pt; line-height: 1.25; font-family: 'Times New Roman',Times,serif;">ITEM 1 &#8211; ELECTION OF DIRECTORS (OTHER THAN OUTSIDE DIRECTORS)</div>
    <div style="line-height: 1.25; font-family: 'Times New Roman',Times,serif;"><br style="line-height: 1.25;">
    </div>
    <div style="text-align: justify; text-indent: 36pt; line-height: 1.25; font-family: 'Times New Roman',Times,serif;">Our Board of Directors currently consists of eight directors: Gil Shwed, Jerry Ungerman, Yoav Z. Chelouche,
      Guy Gecht, Tzipi Ozer-Armon, Ray Rothrock, Dr. Tal Shavit and Shai Weiss. Three of these directors, Yoav Z. Chelouche, Guy Gecht and Ray Rothrock, are our &#8220;outside directors&#8221; under Israel&#8217;s Companies Law.&#160;</div>
    <div style="line-height: 1.25; font-family: 'Times New Roman',Times,serif;">&#160;</div>
    <div style="text-align: justify; text-indent: 36pt; line-height: 1.25; font-family: 'Times New Roman',Times,serif;">You are being asked at this time to reelect five of our current directors who are not outside directors: Gil
      Shwed, Jerry Ungerman, Tzipi Ozer-Armon, Dr. Tal Shavit and Shai Weiss, and to elect one new director, Jill D. Smith.&#160; Information on the service term and reelection process of our three current outside directors, Yoav Z. Chelouche, Guy Gecht and Ray
      Rothrock, is provided in Item 2 below.</div>
    <div style="line-height: 1.25; font-family: 'Times New Roman',Times,serif;">&#160;</div>
    <div style="text-align: justify; text-indent: 36pt; line-height: 1.25; font-family: 'Times New Roman',Times,serif;">If all nominees for election to our Board of Directors are elected, the Board shall consist of nine
      directors, including the three outside directors.</div>
    <div style="line-height: 1.25; font-family: 'Times New Roman',Times,serif;">&#160;</div>
    <div style="text-align: justify; text-indent: 36pt; line-height: 1.25; font-family: 'Times New Roman',Times,serif;">Our Board of Directors has determined that each current member of our Board of Directors, as well as the new
      director nominee, with the exception of Gil Shwed, is an independent director under the applicable Nasdaq regulations and Israel&#8217;s Companies Law, including all members of our Board of Directors&#8217; Audit Committee, Compensation Committee and Nominating,
      Sustainability and Corporate Governance Committee.&#160; Three of these directors, Yoav Z. Chelouche, Guy Gecht and Ray Rothrock, also qualify as our &#8220;outside directors&#8221; under Israel&#8217;s Companies Law, meeting the statutory requirements of independence
      prescribed by Israel&#8217;s Companies Law.</div>
    <div style="line-height: 1.25; font-family: 'Times New Roman',Times,serif;">&#160;</div>
    <div style="text-align: justify; text-indent: 36pt; line-height: 1.25; font-family: 'Times New Roman',Times,serif;">In accordance with Israel&#8217;s Companies Law, each member of our Board of Directors (as well as our three
      outside directors), including each director nominee, has certified to us that he or she meets all the requirements of Israel&#8217;s Companies Law for election as a director of a public company and possesses the necessary qualifications and has sufficient
      time to fulfill his or her duties as a director of Check Point, taking into account the size and special needs of Check Point. </div>
    <div style="line-height: 1.25; font-family: 'Times New Roman',Times,serif;">&#160;</div>
    <div style="text-align: justify; text-indent: 36pt; line-height: 1.25; font-family: 'Times New Roman',Times,serif;">During the past year, all of our directors attended more than 75% of our Board of Directors meetings and more
      than 75% of the meetings of each of the committees of our Board of Directors on which they serve.</div>
    <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" class="BRPFPageBreakArea">
      <div style="text-align: center;" class="BRPFPageNumberArea"><font style="color: #000000; font-weight: normal; font-style: normal;" class="BRPFPageNumber">4</font></div>
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    </div>
    <div style="line-height: 1.25; font-family: 'Times New Roman',Times,serif;">&#160;</div>
    <div style="line-height: 1.25; font-family: 'Times New Roman',Times,serif; font-weight: bold;">Nominees for Director</div>
    <div style="line-height: 1.25; font-family: 'Times New Roman',Times,serif;">&#160;</div>
    <div style="text-align: justify; text-indent: 36pt; line-height: 1.25; font-family: 'Times New Roman',Times,serif;">The Nominating, Sustainability and Corporate Governance Committee of our Board of Directors, which consists
      of Shai Weiss (Chairman), Ray Rothrock and Dr. Tal Shavit, recommended that the six nominees be elected to our Board of Directors at the meeting.&#160; Our Board of Directors approved this recommendation.&#160; Each director who is elected at the meeting will
      serve until next year&#8217;s annual general meeting of shareholders.&#160; <font style="color: rgb(0, 0, 0);">If elected, Ms. Smith&#8217;s appointment to the Board of Directors will become effective in the fourth quarter
        of 2023.</font></div>
    <div style="line-height: 1.25; font-family: 'Times New Roman',Times,serif;">&#160;</div>
    <div style="text-align: justify; text-indent: 36pt; line-height: 1.25; font-family: 'Times New Roman',Times,serif;">Biographical information concerning all director nominees is set forth below.&#160; Information on our Board&#8217;s
      diversity is available on our website at: https://www.checkpoint.com/about-us/investor-relations/corporate-governance/committee-composition/</div>
    <div style="line-height: 1.25; font-family: 'Times New Roman',Times,serif;">&#160;</div>
    <div style="text-align: justify; text-indent: 36pt; line-height: 1.25; font-family: 'Times New Roman', serif; font-size: 11pt;"><font style="font-family: 'Times New Roman',Times,serif; font-size: 10pt; font-style: italic;">Gil Shwed</font><font style="font-family: 'Times New Roman',Times,serif; font-size: 10pt;"> is the founder, Chief Executive Officer and Director. Mr.&#160;Shwed served as Chairman of our board of directors until September 2015. Mr.&#160;Shwed is considered the inventor
        of the modern firewall and authored several patents, such as the company&#8217;s Stateful Inspection technology. Mr.&#160;Shwed has received numerous accolades for his individual achievements and industry contributions, including an honorary Doctor of Science
        from the Technion &#8211; Israel Institute of Technology, an honorary Doctor of Science from Tel Aviv University, the World Economic Forum&#8217;s Global Leader for Tomorrow for his commitment to public affairs and leadership in areas beyond immediate
        professional interests, and the Academy of Achievement&#8217;s Golden Plate Award for his innovative contribution to business and technology. Mr.&#160;Shwed is the Chairman of the Board of Trustees of the Youth University of Tel Aviv University. Mr.&#160;Shwed is
        a Tel Aviv University Governor and founder of the University&#8217;s Check Point Institute for Information Security. He is also Chairman of the Board of the board of directors of Yeholot Association Founded by the Rashi Foundation whose charter is, among
        other things, to reduce the dropout rates in high schools. In 2018, Gil was awarded the prestigious Israel Prize for his contributions to the Israeli technology industry.</font></div>
    <div style="line-height: 1.25; font-family: 'Times New Roman',Times,serif;">&#160;</div>
    <div style="text-align: justify; text-indent: 36pt; line-height: 1.25; font-family: 'Times New Roman', serif; font-size: 11pt;"><font style="font-family: 'Times New Roman',Times,serif; font-size: 10pt; font-style: italic;">Jerry Ungerman</font><font style="font-family: 'Times New Roman',Times,serif; font-size: 10pt;"> serves as the chairman of the board of directors since August 2020, after serving as Vice Chairman of our board of directors from 2005 until August 2020. From 2001 to
        2005, Mr.&#160;Ungerman served as our President and before that, from 1998 until 2000, he served as our Executive Vice President. Prior to joining us, Mr.&#160;Ungerman accumulated extensive experience in high-tech sales, marketing and management experience
        at Hitachi Data Systems (HDS), a data storage company and a member of the Hitachi, Ltd. group. He began his career with International Business Machines Corp. (IBM), a global technology products and services company, after earning a B.A. in Business
        Administration from the University of Minnesota.</font></div>
    <div style="line-height: 1.25; font-family: 'Times New Roman',Times,serif;">&#160;</div>
    <div style="text-align: justify; text-indent: 36pt; line-height: 1.25; font-family: 'Times New Roman', serif; font-size: 11pt;"><font style="font-family: 'Times New Roman',Times,serif; font-size: 10pt; font-style: italic;">Tzipi Ozer-Armon</font><font style="font-family: 'Times New Roman',Times,serif; font-size: 10pt;"> has served on our board of directors since January 2023.&#160;Ms.&#160;Ozer-&#160;Armon serves as the Chief Executive Officer of Lumenis Ltd. since May 2012. Before joining Lumenis,
        Ms. Ozer-Armon headed the Japanese market activities of Teva Pharmaceutical Industries Ltd. and served as Senior Vice President of Sales and Marketing at SanDisk Corporation. Previously, Ms. Ozer-Armon also served as VP &amp; General Manager of
        MSystems Ltd. Ms. Ozer-Armon is a director of Strauss Group Ltd., Similarweb Ltd. and ICL Group Ltd. Ms. Ozer-Armon holds a BA magna cum laude in Economics and an MBA degree majoring in Finance and Marketing from Tel Aviv University and she is an
        AMP graduate of the Harvard Business School.</font></div>
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      <div style="text-align: center;" class="BRPFPageNumberArea"><font style="color: #000000; font-weight: normal; font-style: normal;" class="BRPFPageNumber">5</font></div>
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    </div>
    <div style="line-height: 1.25; font-family: 'Times New Roman',Times,serif;">&#160;</div>
    <div style="text-align: justify; text-indent: 36pt; line-height: 1.25; font-family: 'Times New Roman', serif; font-size: 11pt;"><font style="font-family: 'Times New Roman',Times,serif; font-size: 10pt; font-style: italic;">Dr. Tal Shavit
        Shenhav</font><font style="font-family: 'Times New Roman',Times,serif; font-size: 10pt;">&#160;has served on our board of directors since 2000. Dr.&#160;Shavit Shenhav is an organizational consultant specializing in international collaboration
        between Israeli and American companies, consulting in the management of cultural differences in order to forge effective collaboration. Her work with leading management teams includes the definition of organizational culture as the engine of such
        company&#8217;s activities. She consults with companies undergoing structural change with emphasis on organizational growth through effective mergers and acquisitions and a redefining of management roles in order to meet market changes.</font></div>
    <div style="line-height: 1.25; font-family: 'Times New Roman',Times,serif;">&#160;</div>
    <div style="text-align: justify; text-indent: 36pt; line-height: 1.25; font-family: 'Times New Roman', serif; font-size: 11pt;"><font style="font-family: 'Times New Roman',Times,serif; font-size: 10pt; font-style: italic;">Jill D Smith</font><font style="font-family: 'Times New Roman',Times,serif; font-size: 10pt;"> brings more than 20 years of international leadership experience, including 17 years as chief executive officer of private and public companies in the technology and
        information services markets. Most recently, Ms. Smith served as the President and Chief Executive Officer of Allied Minds, an IP commercialization company, from March 2017 through June 2019, and prior to that she served as Chairman, Chief
        Executive Officer and President of DigitalGlobe Inc., a global provider of satellite imagery products and services. Ms. Smith started her career as a consultant at Bain &amp; Company, where she rose to become Partner. She subsequently joined Sara
        Lee as Vice President, and went on to serve as President and Chief Executive Officer of eDial, a VoIP collaboration company, and of SRDS, a business-to-business publishing firm. She also served as Chief Operating Officer of Micron Electronics, and
        co-founded Treacy &amp; Company, a consulting and boutique investment business. Ms. Smith currently serves as a director of Aspen Technology, Inc., CIRCOR International, Inc., R1 RCM Inc. and MDA Ltd. She previously served as a director of Gemalto
        NV from 2016 to 2018, Allied Minds plc from 2016 to 2019, Endo International from 2012 to 2018 and Hexagon AB from 2013 to 2017.&#160;Prior to <font style="color: rgb(0, 0, 0);">Ms. Smith&#8217;s appointment to the Board of Directors becoming effective in the fourth quarter of 2023, </font>Ms.&#160;Smith will resign from one of these boards.</font></div>
    <div style="line-height: 1.25; font-family: 'Times New Roman',Times,serif;">&#160;</div>
    <div style="text-align: justify; text-indent: 36pt; line-height: 1.25; font-family: 'Times New Roman', serif; font-size: 11pt;"><font style="font-family: 'Times New Roman',Times,serif; font-size: 10pt; font-style: italic;">Shai Weiss</font><font style="font-family: 'Times New Roman',Times,serif; font-size: 10pt;">&#160;has served on our board of directors since 2018. Mr.&#160;Weiss is the Chief Executive Officer of Virgin Atlantic, one of the most innovative airlines in the world.
        Mr.&#160;Weiss joined Virgin Atlantic as Executive Vice President and Chief Financial Officer in July 2014 from Virgin Management Ltd, where he had been an Investment Partner since 2012 and was a Founding Partner of Virgin Green Fund. Prior to joining
        Virgin Group, he held several senior management positions at ntl:Telewest (now Virgin Media), the UK and Europe&#8217;s largest cable operator. Mr.&#160;Weiss was part of the turn-around of ntl with roles including Managing Director of Consumer Products,
        Director of Operations, and Director of Financial Planning for the Consumer division. Mr.&#160;Weiss was also behind the merger between Virgin Mobile UK and ntl:Telewest and the&#160;re-brand &#160;to Virgin Media. Prior to ntl, Mr.&#160;Weiss established the European
        office of early-stage technology venture fund JVP and was a senior associate with Morgan Stanley. He holds an M.B.A. degree from Columbia University and a BBA degree from City University of New York, Baruch College.</font></div>
    <div style="line-height: 1.25; font-family: 'Times New Roman',Times,serif;">&#160;</div>
    <div style="text-indent: 36pt; line-height: 1.25; font-family: 'Times New Roman',Times,serif;">We do not know of any reason that any of the individuals proposed for election as directors would not be able to
      serve.</div>
    <div style="line-height: 1.25; font-family: 'Times New Roman',Times,serif;">&#160;</div>
    <div style="line-height: 1.25;">
      <div style="line-height: 1.25; font-family: 'Times New Roman',Times,serif; font-style: italic; font-weight: bold;">Proposal</div>
      <div style="line-height: 1.25; font-family: 'Times New Roman',Times,serif;">&#160;</div>
    </div>
    <div style="text-indent: 36pt; line-height: 1.25; font-family: 'Times New Roman',Times,serif;">We are proposing to adopt the following resolutions:</div>
    <div style="line-height: 1.25; font-family: 'Times New Roman',Times,serif;">&#160;</div>
    <div style="text-align: justify; text-indent: 36pt; margin-right: 45.35pt; margin-left: 54pt; line-height: 1.25; font-family: 'Times New Roman',Times,serif;">RESOLVED, that the reelection of Gil Shwed<font style="color: rgb(0, 0, 0);"> to </font>the <font style="color: rgb(0, 0, 0);">Board of Directors</font> of Check Point <font style="color: rgb(0, 0, 0);">until the 2024 annual general meeting of shareholders be, and it hereby is, approved;</font></div>
    <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" class="BRPFPageBreakArea">
      <div style="text-align: center;" class="BRPFPageNumberArea"><font style="color: #000000; font-weight: normal; font-style: normal;" class="BRPFPageNumber">6</font></div>
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    </div>
    <div style="line-height: 1.25; font-family: 'Times New Roman',Times,serif;">&#160;</div>
    <div style="text-align: justify; text-indent: 36pt; margin-right: 45.35pt; margin-left: 54pt; line-height: 1.25; font-family: 'Times New Roman',Times,serif;">FURTHER RESOLVED, that the reelection of Jerry Ungerman<font style="color: rgb(0, 0, 0);"> to </font>the <font style="color: rgb(0, 0, 0);">Board of Directors</font> of Check Point <font style="color: rgb(0, 0, 0);">until the 2024 annual general meeting of shareholders be, and it hereby is, approved;</font></div>
    <div style="line-height: 1.25; font-family: 'Times New Roman',Times,serif;">&#160;</div>
    <div style="text-align: justify; text-indent: 36pt; margin-right: 45.35pt; margin-left: 54pt; line-height: 1.25; font-family: 'Times New Roman',Times,serif;">FURTHER RESOLVED, that the reelection of <font style="color: rgb(0, 0, 0);">Tzipi Ozer-Armon to </font>the <font style="color: rgb(0, 0, 0);">Board of Directors</font> of Check Point <font style="color: rgb(0, 0, 0);">until the 2024 annual general meeting of shareholders be, and it hereby is, approved;</font></div>
    <div style="line-height: 1.25; font-family: 'Times New Roman',Times,serif;">&#160;</div>
    <div style="text-align: justify; text-indent: 36pt; margin-right: 45.35pt; margin-left: 54pt; line-height: 1.25; font-family: 'Times New Roman',Times,serif;">FURTHER RESOLVED, that the reelection of Dr. Tal Shavit<font style="color: rgb(0, 0, 0);"> to </font>the <font style="color: rgb(0, 0, 0);">Board of Directors</font> of Check Point <font style="color: rgb(0, 0, 0);">until the 2024 annual general meeting of shareholders be, and it hereby is, approved;</font></div>
    <div style="line-height: 1.25; font-family: 'Times New Roman',Times,serif;">&#160;</div>
    <div style="text-align: justify; text-indent: 36pt; margin-right: 45.35pt; margin-left: 54pt; line-height: 1.25; font-family: 'Times New Roman',Times,serif;">FURTHER RESOLVED, that <font style="color: rgb(0, 0, 0);">the
        election of Jill D. Smith to the Board of Directors of Check Point effective the fourth quarter of 2023 until the 2024 annual general meeting of shareholders be, and it hereby is, approved; and</font></div>
    <div style="line-height: 1.25; font-family: 'Times New Roman',Times,serif;">&#160;</div>
    <div style="text-align: justify; text-indent: 36pt; margin-right: 45.35pt; margin-left: 54pt; line-height: 1.25; font-family: 'Times New Roman',Times,serif;">FURTHER RESOLVED, that the reelection of Shai Weiss<font style="color: rgb(0, 0, 0);"> to </font>the <font style="color: rgb(0, 0, 0);">Board of Directors</font> of Check Point <font style="color: rgb(0, 0, 0);">until the 2024 annual general meeting of shareholders be, and it hereby is, approved.</font></div>
    <div style="line-height: 1.25; font-family: 'Times New Roman',Times,serif;">&#160;</div>
    <div style="line-height: 1.25;">
      <div style="line-height: 1.25; font-family: 'Times New Roman',Times,serif; font-style: italic; font-weight: bold;">Vote Required</div>
      <div style="line-height: 1.25; font-family: 'Times New Roman',Times,serif;">&#160;</div>
      <div style="line-height: 1.25; font-family: 'Times New Roman',Times,serif;"><br style="line-height: 1.25;">
      </div>
    </div>
    <div style="text-align: justify; text-indent: 36pt; line-height: 1.25; font-family: 'Times New Roman',Times,serif;">The affirmative vote of the holders of a majority of the voting power represented and voting on this proposal
      in person or by proxy is required to elect each of the individuals named above as directors.</div>
    <div style="line-height: 1.25; font-family: 'Times New Roman',Times,serif;">&#160;</div>
    <div style="text-align: center; line-height: 1.25; font-family: 'Times New Roman',Times,serif;">ITEM 2 &#8211; ELECTION OF OUTSIDE DIRECTOR</div>
    <div style="line-height: 1.25; font-family: 'Times New Roman',Times,serif;">
      <div style="line-height: 1.25; color: rgb(0, 0, 0);">&#160;</div>
    </div>
    <div style="text-align: justify; text-indent: 36pt; line-height: 1.25; font-family: 'Times New Roman',Times,serif;">In accordance with Israel&#8217;s Companies Law and the relevant regulations, we must have at least two outside
      directors who meet the statutory requirements of independence.&#160; Under Israel&#8217;s Companies Law, an outside director serves for a term of three years, which may be extended for additional three-year terms.&#160; Further, an outside director can be removed
      from office only under very limited circumstances.&#160; In addition, under Israel&#8217;s Companies Law, all of the outside directors must serve on our Audit Committee and Compensation Committee (including one outside director serving as the chair of our Audit
      Committee and our Compensation Committee), and at least one outside director must serve on each committee of our Board of Directors.&#160; Under certain circumstances, we may elect in the future to exempt ourselves from these statutory requirements
      pursuant to Israeli regulations.</div>
    <div style="line-height: 1.25; font-family: 'Times New Roman',Times,serif;">&#160;</div>
    <div style="text-align: justify; text-indent: 36pt; line-height: 1.25; font-family: 'Times New Roman',Times,serif;">&#160;As noted above, Yoav Z. Chelouche, Guy Gecht and Ray Rothrock are our outside directors under Israel&#8217;s
      Companies Law.&#160; The term of office of Mr. Rothrock expires in 2023, and he is standing for reelection at the meeting.&#160; The current terms of office of Messrs. Chelouche and Gecht expire in 2024 and they are not standing for reelection at the meeting.&#160;</div>
    <div style="line-height: 1.25; font-family: 'Times New Roman',Times,serif;">&#160;</div>
    <div style="text-align: justify; text-indent: 36pt; line-height: 1.25; font-family: 'Times New Roman',Times,serif;">Biographical information concerning all three outside directors, including Messrs. Chelouche and Gecht, who
      are not standing for reelection at the meeting, is set forth below.</div>
    <div style="line-height: 1.25; font-family: 'Times New Roman',Times,serif;">&#160;</div>
    <div style="text-align: justify; text-indent: 36pt; line-height: 1.25; font-family: 'Times New Roman', serif; font-size: 11pt;"><font style="font-family: 'Times New Roman',Times,serif; font-size: 10pt; font-style: italic;">Yoav Z. Chelouche</font><font style="font-family: 'Times New Roman',Times,serif; font-size: 10pt;"> has served on our board of directors since 2006. Mr.&#160;Chelouche has also served as one of our outside directors under the Israeli Companies Law since 2006. Mr.&#160;Chelouche
        has been Managing Partner of Aviv Venture Capital since August 2000. He serves on boards of directors of certain Aviv companies. Prior to joining Aviv Venture Capital, Mr.&#160;Chelouche served as a President and Chief Executive Officer of Scitex Corp.,
        a world leader in digital imaging and printing systems, from December 1994 until July 2000. From August 1979 until December 1994, Mr.&#160;Chelouche held various managerial positions with Scitex, including VP Strategy and Business Development, VP
        Marketing and VP Finance for Europe. Mr.&#160;Chelouche is a member of the board of directors of a number of private companies. He was also a board member and until 2015&#160;co-Chairman&#160;of IATI-Israel Advanced Technology Industries, an Israeli nonprofit
        organization that researches, develops and advocates policies that promote Israel&#8217;s high tech ecosystem through activities in training, tuition, business development, public relations and public policy advocacy. Mr.&#160;Chelouche is a board member of
        Tower Semiconductor Ltd., Malam Team Ltd., and an external director of the Tel Aviv Stock Exchange (TASE). Mr.&#160;Chelouche is expected to resign from the board of directors of Tower Semiconductor Ltd. upon consummation of its acquisition by Intel
        Corporation, as announced in February 2022. Mr.&#160;Chelouche earned B.A. in Economics and Statistics from Tel Aviv University, and an M.B.A. from INSEAD University in Fontainebleau, France.</font></div>
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      <div style="text-align: center;" class="BRPFPageNumberArea"><font style="color: #000000; font-weight: normal; font-style: normal;" class="BRPFPageNumber">7</font></div>
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    </div>
    <div style="line-height: 1.25; font-family: 'Times New Roman',Times,serif;">&#160;</div>
    <div style="text-align: justify; text-indent: 36pt; line-height: 1.25; font-family: 'Times New Roman', serif; font-size: 11pt;"><font style="font-family: 'Times New Roman',Times,serif; font-size: 10pt; font-style: italic;">Guy Gecht</font><font style="font-family: 'Times New Roman',Times,serif; font-size: 10pt;">&#160;has served on our board of directors since 2006 and as our Lead Independent Director since August 2020. Mr.&#160;Gecht has also served as one of our outside directors under
        the Israeli Companies Law since 2006. Mr.&#160;Gecht is serving as the Interim Chief Executive Officer of Logitech International S.A. since June 2023, and as a member of its board of directors since 2019. Mr.&#160;Gecht served as the Chief Executive Officer
        of Electronics For Imaging, Inc. (EFI), a company that provides digital imaging and print management solutions for commercial and industrial applications and has served in this position from January 2000 until October 2018. From October 1995 until
        January 2000, Mr.&#160;Gecht held various positions with EFI, including President of the company. Prior to joining EFI, Mr.&#160;Gecht held various software engineering positions with technology companies. He holds a B.S. in Computer Science and Mathematics
        from&#160;Ben-Gurion&#160;University in Israel.</font></div>
    <div style="line-height: 1.25; font-family: 'Times New Roman',Times,serif;">&#160;</div>
    <div style="text-align: justify; text-indent: 36pt; line-height: 1.25; font-family: 'Times New Roman', serif; font-size: 11pt;"><font style="font-family: 'Times New Roman',Times,serif; font-size: 10pt; font-style: italic;">Ray Rothrock</font><font style="font-family: 'Times New Roman',Times,serif; font-size: 10pt;">&#160;has served on our board of directors since 1995. Mr.&#160;Rothrock has also served as one of our outside directors under the Israeli Companies Law since 2000 and as a
        director under Roku, Inc. Mr.&#160;Rothrock is a Partner emeritus at Venrock, a venture capital firm, where he was a member since 1988 and a general partner since 1995. He retired from Venrock in 2013. Presently, Mr.&#160;Rothrock is the Chairman of RedSeal,
        Inc., a cybersecurity analytics company. Mr.&#160;Rothrock served as the Chief Executive Officer of RedSeal, Inc. from February 2014 until May 2020. Mr.&#160;Rothrock is a director of Nasdaq-listed Roku, Inc, and a number of private companies. Mr.&#160;Rothrock
        is a member of the Massachusetts Institute of Technology Corporation, and a Trustee of the University of Texas and Texas A&amp;M Investment Management Company. Mr.&#160;Rothrock received a B.S. in Engineering from Texas A&amp;M University, an M.S. from
        the Massachusetts Institute of Technology and an M.B.A. from the Harvard Business School.</font></div>
    <div style="line-height: 1.25; font-family: 'Times New Roman',Times,serif;">&#160;</div>
    <div style="line-height: 1.25; font-family: 'Times New Roman',Times,serif; font-weight: bold;">Nominee for Outside Director</div>
    <div style="line-height: 1.25; font-family: 'Times New Roman',Times,serif;">&#160;</div>
    <div style="text-align: justify; text-indent: 36pt; line-height: 1.25; font-family: 'Times New Roman',Times,serif;">The Nominating, Sustainability and Corporate Governance Committee of our Board of Directors recommended that
      Mr. Rothrock be reelected as an outside director at the meeting for an additional three-year term, and has found that he has all necessary qualifications required under Israel&#8217;s Companies Law to be considered an &#8220;outside director&#8221; and to be
      considered an &#8220;independent director&#8221; pursuant to the rules of Nasdaq, and has determined that, in light of the expertise and contribution to our Board of Directors and Board committees of Mr. Rothrock, the reelection of Mr. Rothrock as an outside
      director for an additional three-year term would be in Check Point&#8217;s best interest.&#160; Our Board of Directors approved this recommendation.&#160; If elected at the meeting, Mr. Rothrock would serve for a three-year term.</div>
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      <div style="text-align: center;" class="BRPFPageNumberArea"><font style="color: #000000; font-weight: normal; font-style: normal;" class="BRPFPageNumber">8</font></div>
      <div style="page-break-after: always;" class="BRPFPageBreak">
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    </div>
    <div style="line-height: 1.25; font-family: 'Times New Roman',Times,serif;">&#160;</div>
    <div style="line-height: 1.25;">
      <div style="line-height: 1.25; font-family: 'Times New Roman',Times,serif; font-style: italic; font-weight: bold;">Proposal</div>
      <div style="line-height: 1.25; font-family: 'Times New Roman',Times,serif;">&#160;</div>
    </div>
    <div style="text-align: justify; text-indent: 36pt; line-height: 1.25; font-family: 'Times New Roman',Times,serif;">We are proposing to adopt the following resolution:</div>
    <div style="line-height: 1.25; font-family: 'Times New Roman',Times,serif;">&#160;</div>
    <div style="text-align: justify; text-indent: 36pt; margin-right: 45.35pt; margin-left: 54pt; line-height: 1.25; font-family: 'Times New Roman',Times,serif;">RESOLVED, that the reelection of Ray Rothrock to the Board of
      Directors of Check Point to serve as an outside director for an additional three-year term until the 2026 annual general meeting of shareholders be, and it hereby is, approved.</div>
    <div style="line-height: 1.25; font-family: 'Times New Roman',Times,serif;">&#160;</div>
    <div style="line-height: 1.25;">
      <div style="line-height: 1.25; font-family: 'Times New Roman',Times,serif; font-style: italic; font-weight: bold;">Vote Required</div>
      <div style="line-height: 1.25; font-family: 'Times New Roman',Times,serif;">&#160;</div>
      <div style="line-height: 1.25; font-family: 'Times New Roman',Times,serif;"><br style="line-height: 1.25;">
      </div>
    </div>
    <div style="text-align: justify; text-indent: 36pt; line-height: 1.25; font-family: 'Times New Roman',Times,serif;">The affirmative vote of the holders of a majority of the voting power represented and voting on this proposal
      in person or by proxy is necessary to approve the resolution to elect Mr. Rothrock as an outside director.&#160; In addition, a special majority vote will be required for approval of the proposal. &#160;In order for the proposal to be approved either (i) the
      affirmative vote of the ordinary shares must include at least a majority of the ordinary shares voted by shareholders who are not controlling shareholders and who do not have a personal interest in the approval of the proposal (excluding a personal
      interest that is not related to a relationship with the controlling shareholders), or (ii) the total ordinary shares of non-controlling shareholders and non-interested shareholders voted against such proposal must not represent more than two percent
      of the outstanding ordinary shares.</div>
    <div style="line-height: 1.25; font-family: 'Times New Roman',Times,serif;">&#160;</div>
    <div style="text-align: justify; text-indent: 36pt; line-height: 1.25; font-family: 'Times New Roman',Times,serif;">For this purpose, you are asked to indicate on the enclosed proxy card whether you are a controlling
      shareholder or have a personal interest in the election of the outside director (excluding a personal interest that is not related to a relationship with a controlling shareholder).&#160; Under Israel&#8217;s Companies Law, in general, a person will be deemed
      to be a controlling shareholder if the person has the power to direct the activities of the company, otherwise than by reason of being a director or other office holder of the company, and you are deemed to have a personal interest if any member of
      your immediate family or their spouse has a personal interest in the adoption of the proposal.&#160; In addition, you are deemed to have a personal interest if a company, other than Check Point, that is affiliated to you has a personal interest in the
      adoption of the proposal.&#160; Such company is a company in which you or a member of your immediate family serves as a director or chief executive officer, has the right to appoint a director or the chief executive officer, or owns 5% or more of the
      outstanding shares.&#160; However, you are not deemed to have a personal interest in the adoption of the proposal if your interest in such proposal arises solely from your ownership of our shares, or to a matter that is not related to a relationship with
      a controlling shareholder.</div>
    <div style="line-height: 1.25; font-family: 'Times New Roman',Times,serif;">&#160;</div>
    <div style="text-align: center; line-height: 1.25; color: rgb(0, 0, 0); font-family: 'Times New Roman',Times,serif;">ITEM 3 &#8211; PROPOSAL TO RATIFY THE APPOINTMENT AND COMPENSATION</div>
    <div style="text-align: center; line-height: 1.25; color: rgb(0, 0, 0); font-family: 'Times New Roman',Times,serif;">OF OUR INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM;</div>
    <div style="text-align: center; line-height: 1.25; color: rgb(0, 0, 0); font-family: 'Times New Roman',Times,serif;">REVIEW AND DISCUSSION OF OUR 2022 CONSOLIDATED</div>
    <div style="text-align: center; line-height: 1.25; color: rgb(0, 0, 0); font-family: 'Times New Roman',Times,serif;">FINANCIAL STATEMENTS</div>
    <div style="line-height: 1.25; font-family: 'Times New Roman',Times,serif;">&#160;</div>
    <div style="text-align: justify; text-indent: 36pt; line-height: 1.25; color: rgb(0, 0, 0); font-family: 'Times New Roman',Times,serif;">Our Board of Directors has appointed Kost, Forer, Gabbay &amp; Kasierer, an Israeli
      accounting firm that is a member of Ernst &amp; Young Global, as our independent registered public accounting firm for 2023.&#160; Kost, Forer, Gabbay &amp; Kasierer have audited our books and accounts since we were incorporated.</div>
    <div style="line-height: 1.25; font-family: 'Times New Roman',Times,serif;">&#160;</div>
    <div style="text-align: justify; text-indent: 36pt; line-height: 1.25; font-family: 'Times New Roman', serif; font-size: 11pt;"><font style="font-family: 'Times New Roman',Times,serif; font-size: 10pt; color: rgb(0, 0, 0);">Representatives of
      Kost, Forer, Gabbay &amp; Kasierer will attend the meeting and will be invited to make a statement.&#160; They will be available to respond to
        appropriate questions raised during the meeting.&#160; In accordance with Section 60(b) of Israel&#8217;s Companies Law, you are invited to discuss our 2022 consolidated financial statements, and questions regarding the financial statements may be addressed
        to us or to our auditors.&#160; Our Annual Report on Form 20-F for the year ended December 31, 2022, including our 2022 audited
        consolidated financial statements, is available on our website at www.checkpoint.com.&#160; To have a printed copy mailed to you, please contact our Investor Relations department at Check Point Software Technologies, Inc., 959 Skyway Road, Suite 300,
        San Carlos, CA 94070 U.S.A., Attention: Investor Relations; Telephone: 650-628-2000, email: </font><font style="font-family: 'Times New Roman',Times,serif; font-size: 10pt;">ir@checkpoint.com<font style="color: rgb(0, 0, 0);">.</font></font></div>
    <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" class="BRPFPageBreakArea">
      <div style="text-align: center;" class="BRPFPageNumberArea"><font style="color: #000000; font-weight: normal; font-style: normal;" class="BRPFPageNumber">9</font></div>
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    <div style="line-height: 1.25; font-family: 'Times New Roman',Times,serif;">&#160;</div>
    <div style="text-align: justify; text-indent: 36pt; line-height: 1.25; color: rgb(0, 0, 0); font-family: 'Times New Roman',Times,serif;">As set forth in Item 16C of our Annual Report on Form 20-F for the year ended December
      31, 2022, the following table sets forth the aggregate fees for the audit and other services provided by Kost, Forer, Gabbay&#160;&amp; Kasierer, a member of EY Global and other members of EY Global during the years ended December&#160;31, 2022 (in millions):</div>
    <div style="line-height: 1.25; font-family: 'Times New Roman',Times,serif;">&#160;</div>
    <table cellspacing="0" cellpadding="2" border="0" align="center" style="width: 70%; color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; text-align: left;" id="z0804551407d04ea6a17cf28daf6f3c6a" class="cfttable">

        <tr>
          <td valign="bottom" style="vertical-align: bottom; font-family: 'Times New Roman',Times,serif; padding-bottom: 2px;">&#160;</td>
          <td valign="bottom" style="font-family: 'Times New Roman',Times,serif; vertical-align: bottom; padding-bottom: 2px;" colspan="1" class="cftguttercell">&#160;</td>
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            <div style="text-align: center; line-height: 1.25; font-weight: bold;">Year ended December 31, 2022</div>
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          <td valign="bottom" nowrap="nowrap" style="font-family: 'Times New Roman',Times,serif; vertical-align: bottom; padding-bottom: 2px;" colspan="1" class="cftfncell">&#160;</td>
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            <div style="line-height: 1.25;">Audit fees (1)</div>
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          <td valign="bottom" style="font-family: 'Times New Roman',Times,serif; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1" class="cftguttercell">&#160;</td>
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            <div style="line-height: 1.25;">$</div>
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          <td valign="bottom" style="font-family: 'Times New Roman',Times,serif; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255);" colspan="1" class="cftnumcell">
            <div style="line-height: 1.25;">0.8</div>
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          <td valign="bottom" nowrap="nowrap" style="font-family: 'Times New Roman',Times,serif; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1" class="cftfncell">&#160;</td>
          <td valign="bottom" style="font-family: 'Times New Roman',Times,serif; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1" class="cftguttercell">&#160;</td>
          <td valign="bottom" style="font-family: 'Times New Roman',Times,serif; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1" class="cftcurrcell">&#160;</td>
          <td valign="bottom" style="font-family: 'Times New Roman',Times,serif; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255);" colspan="1" class="cftnumcell">
            <div style="line-height: 1.25;">67</div>
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          <td valign="bottom" nowrap="nowrap" style="font-family: 'Times New Roman',Times,serif; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1" class="cftfncell">
            <div style="line-height: 1.25;">%</div>
          </td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: bottom; font-family: 'Times New Roman',Times,serif; width: 76%;">
            <div style="line-height: 1.25;">Audit-related fees (2)</div>
          </td>
          <td valign="bottom" style="font-family: 'Times New Roman',Times,serif; vertical-align: bottom; width: 1%;" colspan="1" class="cftguttercell">&#160;</td>
          <td valign="bottom" style="font-family: 'Times New Roman',Times,serif; vertical-align: bottom; width: 1%;" colspan="1" class="cftcurrcell">&#160;</td>
          <td valign="bottom" style="font-family: 'Times New Roman',Times,serif; vertical-align: bottom; text-align: right; width: 9%;" colspan="1" class="cftnumcell">
            <div style="line-height: 1.25;">*</div>
          </td>
          <td valign="bottom" nowrap="nowrap" style="font-family: 'Times New Roman',Times,serif; vertical-align: bottom; width: 1%;" colspan="1" class="cftfncell">&#160;</td>
          <td valign="bottom" style="font-family: 'Times New Roman',Times,serif; vertical-align: bottom; width: 1%;" colspan="1" class="cftguttercell">&#160;</td>
          <td valign="bottom" style="font-family: 'Times New Roman',Times,serif; vertical-align: bottom; width: 1%;" colspan="1" class="cftcurrcell">&#160;</td>
          <td valign="bottom" style="font-family: 'Times New Roman',Times,serif; vertical-align: bottom; text-align: right; width: 9%;" colspan="1" class="cftnumcell">
            <div style="line-height: 1.25;">3</div>
          </td>
          <td valign="bottom" nowrap="nowrap" style="font-family: 'Times New Roman',Times,serif; vertical-align: bottom; width: 1%;" colspan="1" class="cftfncell">
            <div style="line-height: 1.25;">%</div>
          </td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: bottom; font-family: 'Times New Roman',Times,serif; width: 76%; background-color: rgb(204, 238, 255);">
            <div style="line-height: 1.25;">Tax fees (3)</div>
          </td>
          <td valign="bottom" style="font-family: 'Times New Roman',Times,serif; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1" class="cftguttercell">&#160;</td>
          <td valign="bottom" style="font-family: 'Times New Roman',Times,serif; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1" class="cftcurrcell">&#160;</td>
          <td valign="bottom" style="font-family: 'Times New Roman',Times,serif; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255);" colspan="1" class="cftnumcell">
            <div style="line-height: 1.25;">0.3</div>
          </td>
          <td valign="bottom" nowrap="nowrap" style="font-family: 'Times New Roman',Times,serif; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1" class="cftfncell">&#160;</td>
          <td valign="bottom" style="font-family: 'Times New Roman',Times,serif; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1" class="cftguttercell">&#160;</td>
          <td valign="bottom" style="font-family: 'Times New Roman',Times,serif; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1" class="cftcurrcell">&#160;</td>
          <td valign="bottom" style="font-family: 'Times New Roman',Times,serif; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255);" colspan="1" class="cftnumcell">
            <div style="line-height: 1.25;">30</div>
          </td>
          <td valign="bottom" nowrap="nowrap" style="font-family: 'Times New Roman',Times,serif; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1" class="cftfncell">
            <div style="line-height: 1.25;">%</div>
          </td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: bottom; font-family: 'Times New Roman',Times,serif; width: 76%; padding-bottom: 2px;">
            <div style="line-height: 1.25;">All other fees</div>
          </td>
          <td valign="bottom" style="font-family: 'Times New Roman',Times,serif; vertical-align: bottom; width: 1%; padding-bottom: 2px;" colspan="1" class="cftguttercell">&#160;</td>
          <td valign="bottom" style="font-family: 'Times New Roman',Times,serif; vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1" class="cftcurrcell">&#160;</td>
          <td valign="bottom" style="font-family: 'Times New Roman',Times,serif; vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1" class="cftnumcell">
            <div style="line-height: 1.25;">--</div>
          </td>
          <td valign="bottom" nowrap="nowrap" style="font-family: 'Times New Roman',Times,serif; vertical-align: bottom; width: 1%; padding-bottom: 2px;" colspan="1" class="cftfncell">&#160;</td>
          <td valign="bottom" style="font-family: 'Times New Roman',Times,serif; vertical-align: bottom; width: 1%; padding-bottom: 2px;" colspan="1" class="cftguttercell">&#160;</td>
          <td valign="bottom" style="font-family: 'Times New Roman',Times,serif; vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1" class="cftcurrcell">&#160;</td>
          <td valign="bottom" style="font-family: 'Times New Roman',Times,serif; vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1" class="cftnumcell">
            <div style="line-height: 1.25;">--</div>
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          <td valign="bottom" nowrap="nowrap" style="font-family: 'Times New Roman',Times,serif; vertical-align: bottom; width: 1%; padding-bottom: 2px;" colspan="1" class="cftfncell">&#160;</td>
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          <td valign="bottom" style="vertical-align: bottom; font-family: 'Times New Roman',Times,serif; width: 76%; background-color: rgb(204, 238, 255); padding-bottom: 4px;">
            <div style="text-indent: 36pt; line-height: 1.25;">Total</div>
          </td>
          <td valign="bottom" style="font-family: 'Times New Roman',Times,serif; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255); padding-bottom: 4px;" colspan="1" class="cftguttercell">&#160;</td>
          <td valign="bottom" style="font-family: 'Times New Roman',Times,serif; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255); border-bottom: 4px double rgb(0, 0, 0);" colspan="1" class="cftcurrcell">
            <div style="line-height: 1.25;">$</div>
          </td>
          <td valign="bottom" style="font-family: 'Times New Roman',Times,serif; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255); border-bottom: 4px double rgb(0, 0, 0);" colspan="1" class="cftnumcell">
            <div style="line-height: 1.25;">1.1</div>
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          <td valign="bottom" nowrap="nowrap" style="font-family: 'Times New Roman',Times,serif; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255); padding-bottom: 4px;" colspan="1" class="cftfncell">&#160;</td>
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            <div style="line-height: 1.25;">100</div>
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          <td valign="bottom" nowrap="nowrap" style="font-family: 'Times New Roman',Times,serif; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255); padding-bottom: 4px;" colspan="1" class="cftfncell">
            <div style="line-height: 1.25;">%</div>
          </td>
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    </table>
    <div style="line-height: 1.25; font-family: 'Times New Roman',Times,serif;">_______________________</div>
    <table cellspacing="0" cellpadding="0" id="z7420ebd3b5cc426eaaef78ae25410529" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

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          <td style="width: 9.35pt; font-family: 'Times New Roman',Times,serif;"><br>
          </td>
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            <div>Represents an amount lower than $0.1 million.</div>
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    </table>
    <div style="line-height: 1.25; font-family: 'Times New Roman',Times,serif;"><br style="line-height: 1.25;">
    </div>
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        <tr>
          <td style="width: 9.35pt; font-family: 'Times New Roman',Times,serif;"><br>
          </td>
          <td style="width: 18pt; vertical-align: top; font-family: 'Times New Roman',Times,serif;">(1)</td>
          <td style="width: auto; vertical-align: top; text-align: justify; font-family: 'Times New Roman',Times,serif;">
            <div>&#8220;Audit fees&#8221; are fees for audit services for 2022, including fees associated with the annual audit (including audit of our internal control over financial reporting) and reviews of our quarterly financial results submitted on Form&#160;6-K,
              &#160;consultations on various accounting issues and audit services provided in connection with other statutory or regulatory filings.</div>
          </td>
        </tr>

    </table>
    <div style="line-height: 1.25; font-family: 'Times New Roman',Times,serif;">&#160;</div>
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        <tr>
          <td style="width: 9.35pt; font-family: 'Times New Roman',Times,serif;"><br>
          </td>
          <td style="width: 18pt; vertical-align: top; font-family: 'Times New Roman',Times,serif;">(2)</td>
          <td style="width: auto; vertical-align: top; text-align: justify; font-family: 'Times New Roman',Times,serif;">
            <div>&#8220;Audit-related fees&#8221; are fees for professional services related to information systems audits.</div>
          </td>
        </tr>

    </table>
    <div style="line-height: 1.25; font-family: 'Times New Roman',Times,serif;">&#160;</div>
    <table cellspacing="0" cellpadding="0" id="zf78ee9bd87b74aa6acc529e6c46cf542" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

        <tr>
          <td style="width: 9.35pt; font-family: 'Times New Roman',Times,serif;"><br>
          </td>
          <td style="width: 18pt; vertical-align: top; font-family: 'Times New Roman',Times,serif;">(3)</td>
          <td style="width: auto; vertical-align: top; text-align: justify; font-family: 'Times New Roman',Times,serif;">
            <div>Tax fees&#8221; are <font style="color: rgb(0, 0, 0);">fees for professional services rendered by our auditors for tax compliance, tax planning and tax advice on actual or contemplated transactions, tax consulting associated with international
                transfer prices and employee benefits.</font></div>
          </td>
        </tr>

    </table>
    <div style="line-height: 1.25; font-family: 'Times New Roman',Times,serif;">&#160;</div>
    <div style="line-height: 1.25;">
      <div style="line-height: 1.25; font-family: 'Times New Roman',Times,serif; font-style: italic; font-weight: bold;">Proposal</div>
      <div style="line-height: 1.25; font-family: 'Times New Roman',Times,serif;">&#160;</div>
    </div>
    <div style="text-indent: 36pt; line-height: 1.25; color: rgb(0, 0, 0); font-family: 'Times New Roman',Times,serif;">We are proposing to adopt the following resolution:</div>
    <div style="line-height: 1.25; font-family: 'Times New Roman',Times,serif;">&#160;</div>
    <div style="text-align: justify; text-indent: 36pt; margin-right: 45.35pt; margin-left: 54pt; line-height: 1.25; color: rgb(0, 0, 0); font-family: 'Times New Roman',Times,serif;">RESOLVED, that the appointment of Kost, Forer,
      Gabbay &amp; Kasierer, a member of Ernst &amp; Young Global, as Check Point&#8217;s independent registered public accounting firm for the fiscal year ending December 31, 2023, and for such additional period until the next annual general meeting of
      shareholders, be, and it hereby is, ratified, and the Board of Directors of Check Point (or, the Audit Committee, if authorized by the Board of Directors) be, and it hereby is, authorized to fix the remuneration of such independent registered public
      accounting firm in accordance with the volume and nature of their services.</div>
    <div style="line-height: 1.25; font-family: 'Times New Roman',Times,serif;">&#160;</div>
    <div style="line-height: 1.25;">
      <div style="line-height: 1.25; font-family: 'Times New Roman',Times,serif; font-style: italic; font-weight: bold;">Vote Required</div>
      <div style="line-height: 1.25; font-family: 'Times New Roman',Times,serif;">&#160;</div>
      <div style="line-height: 1.25; font-family: 'Times New Roman',Times,serif;"><br style="line-height: 1.25;">
      </div>
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    <div style="text-align: justify; text-indent: 36pt; line-height: 1.25; color: rgb(0, 0, 0); font-family: 'Times New Roman',Times,serif;">The affirmative vote of the holders of a majority of the voting power represented and
      voting on this proposal in person or by proxy is necessary to approve the resolution to ratify the appointment and compensation of our independent registered public accounting firm.</div>
    <div style="line-height: 1.25; font-family: 'Times New Roman',Times,serif;">&#160;</div>
    <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" class="BRPFPageBreakArea">
      <div style="text-align: center;" class="BRPFPageNumberArea"><font style="color: #000000; font-weight: normal; font-style: normal;" class="BRPFPageNumber">10</font></div>
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    <div style="line-height: 1.25; font-family: 'Times New Roman',Times,serif;">&#160;</div>
    <div style="text-align: center; line-height: 1.25; font-family: 'Times New Roman',Times,serif;">ITEM 4 &#8211; PROPOSAL TO APPROVE COMPENSATION FOR OUR CHIEF EXECUTIVE OFFICER</div>
    <div style="line-height: 1.25; font-family: 'Times New Roman',Times,serif;">&#160;</div>
    <div style="text-align: justify; line-height: 1.25; font-family: 'Times New Roman',Times,serif; font-style: italic; font-weight: bold;">Background</div>
    <div style="line-height: 1.25; font-family: 'Times New Roman',Times,serif;">&#160;</div>
    <div style="text-align: justify; text-indent: 36pt; line-height: 1.25; font-family: 'Times New Roman',Times,serif;">Our shareholders are being asked to approve the grant of an option award for our Chief Executive Officer, Mr.
      Gil Shwed.</div>
    <div style="line-height: 1.25; font-family: 'Times New Roman',Times,serif;">&#160;</div>
    <div style="text-align: justify; text-indent: 36pt; line-height: 1.25; font-family: 'Times New Roman',Times,serif;">Mr. Shwed is the founder, Chief Executive Officer and a director of Check Point since Check Point&#8217;s
      inception, and his ongoing long-term active committed contribution has been key to Check Point&#8217;s sustained growth and long-term success.</div>
    <div style="line-height: 1.25; font-family: 'Times New Roman',Times,serif;">&#160;</div>
    <div style="text-align: justify; text-indent: 36pt; line-height: 1.25; font-family: 'Times New Roman',Times,serif;">Mr.&#160;Shwed is widely recognized globally as a pioneer in the global cybersecurity industry, and is considered
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    <div style="text-align: justify; text-indent: 36pt; line-height: 1.25; font-family: 'Times New Roman',Times,serif;">In line with his prominent role as a leader of Israel&#8217;s innovative technology industry, for 30 years,
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    <div style="text-align: justify; text-indent: 36pt; line-height: 1.25; font-family: 'Times New Roman',Times,serif;">Mr. Shwed&#8217;s unique prominent role in Israel has been a key factor to Check Point&#8217;s ability to continue to
      attract and retain leading, innovative R&amp;D experts and software engineers who seek to work and develop under Mr. Shwed&#8217;s leadership, and to enable Check Point to preserve its record growth and profits for so many years.</div>
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    <div style="text-align: justify; text-indent: 36pt; line-height: 1.25; font-family: 'Times New Roman',Times,serif;">Over the years, Mr. Shwed received numerous additional accolades for his individual achievements and industry
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    <div style="text-indent: 36pt; line-height: 1.25; font-family: 'Times New Roman',Times,serif;">Mr.&#160;Shwed also serves as the Chairman of the Board of Trustees of the Youth University of Tel Aviv University
      and a Tel Aviv University Governor and is a founder of the University&#8217;s Check Point Institute for Information Security.&#160; Additional information on Mr. Shwed&#8217;s accomplishments, experience and background is available in Item 1 of this Proxy Statement.</div>
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    <div style="line-height: 1.25; font-family: 'Times New Roman',Times,serif; font-style: italic; font-weight: bold;">Approval Requirements under Israeli Law</div>
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    <div style="text-align: justify; text-indent: 36pt; line-height: 1.25; font-family: 'Times New Roman',Times,serif;">Israel&#8217;s Companies Law provides that the compensation of our Chief Executive Officer and our directors
      requires the approval of the Compensation Committee, our Board of Directors and our shareholders.&#160; This includes cash compensation as well as compensation in the form of equity awards.&#160; Accordingly, the proposed option grant to Mr. Shwed, which was
      approved and recommended by our Compensation Committee and our Board of Directors, also requires shareholder approval at the meeting.</div>
    <div style="line-height: 1.25; font-family: 'Times New Roman',Times,serif;">&#160;</div>
    <div style="text-align: justify; text-indent: 36pt; line-height: 1.25; font-family: 'Times New Roman', serif; font-size: 11pt;"><font style="font-family: 'Times New Roman',Times,serif; font-size: 10pt; font-style: italic;">The shareholder
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        conditions, and only after they evaluate the reasons for which the shareholders voted against such proposal and still believe the compensation is warranted for special reasons identified.</font></div>
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    <div style="line-height: 1.25; font-family: 'Times New Roman',Times,serif;">&#160;</div>
    <div style="text-align: justify; text-indent: 36pt; line-height: 1.25; font-family: 'Times New Roman',Times,serif; font-style: italic;">If this proposal is not approved by the affirmative vote of our shareholders, we
      will&#160;NOT&#160;grant the option award or pay any other compensation to our Chief Executive Officer for 2023, and Mr. Shwed&#8217;s sole compensation for 2023 will equal the statutory minimum wage in Israel (approximately $1,500 per month).</div>
    <div style="line-height: 1.25; font-family: 'Times New Roman',Times,serif;">&#160;</div>
    <div style="text-align: justify; line-height: 1.25; font-family: 'Times New Roman',Times,serif; font-style: italic; font-weight: bold;">Chief Executive Officer Compensation Review</div>
    <div style="line-height: 1.25; font-family: 'Times New Roman',Times,serif;">&#160;</div>
    <div style="text-align: justify; text-indent: 36pt; line-height: 1.25; font-family: 'Times New Roman',Times,serif;">As stated in <font style="font-style: italic;">Check Point&#8217;s Executive Compensation Policy</font>, which
      applies to our Chief Executive Officer as well as to our other executives, our Compensation Committee and our Board of Directors believe that strong, effective leadership is fundamental to Check Point&#8217;s continued growth and success in the future.&#160;&#160;</div>
    <div style="line-height: 1.25; font-family: 'Times New Roman',Times,serif;">&#160;</div>
    <div style="text-align: justify; text-indent: 36pt; line-height: 1.25; font-family: 'Times New Roman',Times,serif;">In reviewing and setting compensation of our Chief Executive Officer, the Compensation Committee considered,
      among other things, the following factors:</div>
    <div style="line-height: 1.25; font-family: 'Times New Roman',Times,serif;">&#160;</div>
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        <tr>
          <td style="width: 54pt; font-family: 'Times New Roman',Times,serif;"><br>
          </td>
          <td style="width: 18pt; vertical-align: top; font-family: 'Times New Roman',Times,serif;">&#8226;</td>
          <td style="width: auto; vertical-align: top; text-align: justify; font-family: 'Times New Roman',Times,serif;">
            <div>Mr. Shwed&#8217;s unique, global leadership role in the global cybersecurity industry for 30 years, being considered <font style="font-style: italic;">the inventor of the modern firewall</font>;</div>
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        </tr>

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    <div style="line-height: 1.25; font-family: 'Times New Roman',Times,serif;">&#160;</div>
    <table cellspacing="0" cellpadding="0" id="z7bd6d6ea112a45b0bce2447c307e9584" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

        <tr>
          <td style="width: 54pt; font-family: 'Times New Roman',Times,serif;"><br>
          </td>
          <td style="width: 18pt; vertical-align: top; font-family: 'Times New Roman',Times,serif;">&#8226;</td>
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            <div>Mr. Shwed&#8217;s unique prominent role in Israel which has been a key factor to Check Point&#8217;s ability to continue to attract and retain leading, innovative R&amp;D experts and software engineers who seek to work and develop under Mr. Shwed&#8217;s
              leadership, and to enable Check Point to preserve its record growth and profits for so many years;</div>
          </td>
        </tr>

    </table>
    <div style="line-height: 1.25; font-family: 'Times New Roman',Times,serif;">&#160;</div>
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        <tr>
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          <td style="width: 18pt; vertical-align: top; font-family: 'Times New Roman',Times,serif;">&#8226;</td>
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            <div>Mr. Shwed&#8217;s success in maintaining a stable management team, creating new and successful leadership and maintaining a corporate culture which inspires our workforce;</div>
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    <div style="line-height: 1.25; font-family: 'Times New Roman',Times,serif;">&#160;</div>
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        <tr>
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          </td>
          <td style="width: 18pt; vertical-align: top; font-family: 'Times New Roman',Times,serif;">&#8226;</td>
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            <div>the ongoing long-term active committed contribution of Mr. Shwed to Check Point&#8217;s sustained growth and long-term success;</div>
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    <div style="line-height: 1.25; font-family: 'Times New Roman',Times,serif;">&#160;</div>
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        <tr>
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          </td>
          <td style="width: 18pt; vertical-align: top; font-family: 'Times New Roman',Times,serif;">&#8226;</td>
          <td style="width: auto; vertical-align: top; font-family: 'Times New Roman',Times,serif;">
            <div>the estimation of Mr. Shwed&#8217;s expected contributions to the future growth of Check Point;</div>
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    </table>
    <div style="line-height: 1.25; font-family: 'Times New Roman',Times,serif;">&#160;</div>
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        <tr>
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          </td>
          <td style="width: 18pt; vertical-align: top; font-family: 'Times New Roman',Times,serif;">&#8226;</td>
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            <div>the difficulty and cost of replacing a high-performing leader and founder and the potential ramifications for Check Point&#8217;s short-term and long-term success if Mr. Shwed were to depart from Check Point;</div>
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    <div style="line-height: 1.25; font-family: 'Times New Roman',Times,serif;">&#160;</div>
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        <tr>
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          <td style="width: 18pt; vertical-align: top; font-family: 'Times New Roman',Times,serif;">&#8226;</td>
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            <div>the benefit of compensating Mr. Shwed with a simple, straight forward long-term option award, which is 100% tied to Check Point&#8217;s shareholders&#8217; interests, on the one hand, and is the most effective incentive tool for a long-term leader and
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        <tr>
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          <td style="width: 18pt; vertical-align: top; font-family: 'Times New Roman',Times,serif;">&#8226;</td>
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            <div>the fact that the vesting of 40% of the option award will be tied to long-term company performance goals and the vesting of 100% of the option award will be tied to Mr. Shwed&#8217;s long-term continued employment;</div>
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    <div style="line-height: 1.25; font-family: 'Times New Roman',Times,serif;">&#160;</div>
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          <td style="width: 18pt; vertical-align: top; font-family: 'Times New Roman',Times,serif;">&#8226;</td>
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            <div>the fact that the threshold performance levels for the performance-based options have been set at no less than 87.5% of the performance targets, and no performance-based options shall vest if such thresholds are not achieved;</div>
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    <div style="line-height: 1.25; font-family: 'Times New Roman',Times,serif;">&#160;</div>
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          <td style="width: 18pt; vertical-align: top; font-family: 'Times New Roman',Times,serif;">&#8226;</td>
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            <div>the fact that options, unlike restricted shares, restricted stock units (RSUs) or performance stock units (PSUs), do not reward for under performance, as their entire gain is subject to share price appreciation;</div>
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          <td style="width: 18pt; vertical-align: top; font-family: 'Times New Roman',Times,serif;">&#8226;</td>
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            <div>the fact that 100% of the option award include an inherent market-linked key performance indicator (KPI) and Mr. Shwed will not realize any gain or compensation if Check Point&#8217;s share price does not increase above the exercise price of the
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          <td style="width: 18pt; vertical-align: top; font-family: 'Times New Roman',Times,serif;">&#8226;</td>
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            <div>the fact that Mr. Shwed has requested not to be paid any cash bonus or be granted any &#8220;<font style="font-style: italic;">in-the-money</font>&#8221; restricted shares, RSU or PSU awards (which inherently include a guaranteed portion) as part of
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    <div style="line-height: 1.25; font-family: 'Times New Roman',Times,serif;">&#160;</div>
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          <td style="width: 18pt; vertical-align: top; font-family: 'Times New Roman',Times,serif;">&#8226;</td>
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            <div>the Black-Scholes-Merton value of the proposed option award and alternative option awards, based on award volume and vesting duration;</div>
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    <div style="line-height: 1.25; font-family: 'Times New Roman',Times,serif;">&#160;</div>
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            <div>Mr. Shwed&#8217;s historical option grants relative to the proposed option award, both in Black-Scholes-Merton value and in the number of ordinary shares underlying the options;</div>
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    <div style="line-height: 1.25; font-family: 'Times New Roman',Times,serif;">&#160;</div>
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          <td style="width: 18pt; vertical-align: top; font-family: 'Times New Roman',Times,serif;">&#8226;</td>
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            <div>the responsibilities and duties performed by Mr. Shwed as Chief Executive Officer;</div>
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          <td style="width: 18pt; vertical-align: top; font-family: 'Times New Roman',Times,serif;">&#8226;</td>
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            <div>data from an independent analysis of compensation awarded to chief executive officers of several companies in our peer group, as provided by Compensia (as described below);</div>
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            <div>feedback solicited by our management and our Board of Directors from our largest shareholders in order to ensure that the proposed compensation plan is aligned with shareholders&#8217; interests; and</div>
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          <td style="width: 18pt; vertical-align: top; font-family: 'Times New Roman',Times,serif;">&#8226;</td>
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            <div>the motivation of a long-term option award to the achievement of results with integrity and fairness.</div>
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    <div style="line-height: 1.25; font-family: 'Times New Roman',Times,serif;">&#160;</div>
    <div style="text-align: justify; text-indent: 36pt; line-height: 1.25; font-family: 'Times New Roman', serif; font-size: 11pt;"><font style="font-family: 'Times New Roman',Times,serif; font-size: 10pt; font-style: italic;">Independent
        Compensation Advisor.&#160; </font><font style="font-family: 'Times New Roman',Times,serif; font-size: 10pt;">The&#160;Compensation Committee also directly engaged the services of Compensia, a leading global provider of consulting services
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    <div style="text-align: justify; text-indent: 36pt; line-height: 1.25; font-family: 'Times New Roman',Times,serif;">Compensia provided input on a range of external market factors, including appropriate comparison companies
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        <hr noshade="noshade" style="border-width: 0px; clear: both; margin: 4px 0px; width: 100%; height: 2px; color: #000000; background-color: #000000;"></div>
    </div>
    <div style="line-height: 1.25; font-family: 'Times New Roman',Times,serif;">&#160;</div>
    <div style="text-align: justify; text-indent: 36pt; line-height: 1.25; font-family: 'Times New Roman', serif; font-size: 11pt;"><font style="font-family: 'Times New Roman',Times,serif; font-size: 10pt; font-style: italic;">Peer Group. </font><font style="font-family: 'Times New Roman',Times,serif; font-size: 10pt;">Our peer group, is reviewed and re-assessed periodically by our Compensation Committee with the assistance of Compensia, which is made up of between 15 to 20 companies,
        that are most comparable to Check Point on a range of criteria, including industry (mainly software and IT services), market capitalization, revenue and/or profitability, while taking into account Check Point&#8217;s unique position in the industry,
        being a company that maintains significant high-margin profits and generates significant cash-flow year after year.</font></div>
    <div style="line-height: 1.25; font-family: 'Times New Roman',Times,serif;">&#160;</div>
    <div style="text-indent: 36pt; line-height: 1.25; font-family: 'Times New Roman',Times,serif;">The members of our current peer group, which consists of 17 companies, are listed below:</div>
    <div style="line-height: 1.25; font-family: 'Times New Roman',Times,serif;">&#160;</div>
    <table cellspacing="0" cellpadding="2" border="0" id="zca94aa4e1dec4f8598e7c64fa9c9b0e9" style="font-family: 'Times New Roman',Times,serif; font-size: 10pt; width: 100%; text-align: left; color: rgb(0, 0, 0);">

        <tr>
          <td style="width: 32.64%; vertical-align: top; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0);">
            <div style="line-height: 1.25;">Ansys Inc.</div>
          </td>
          <td style="width: 27.07%; vertical-align: top; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0);">
            <div style="line-height: 1.25;">Autodesk Inc.</div>
          </td>
          <td style="width: 40.29%; vertical-align: top; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0);">
            <div style="line-height: 1.25;">Cadence Design Systems Inc.</div>
          </td>
        </tr>
        <tr>
          <td style="width: 32.64%; vertical-align: top; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0);">
            <div style="line-height: 1.25;">Dropbox Inc.</div>
          </td>
          <td style="width: 27.07%; vertical-align: top; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0);">
            <div style="line-height: 1.25;">Fortinet Inc.</div>
          </td>
          <td style="width: 40.29%; vertical-align: top; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0);">
            <div style="line-height: 1.25;">Gen Digital Inc.</div>
          </td>
        </tr>
        <tr>
          <td style="width: 32.64%; vertical-align: top; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0);">
            <div style="line-height: 1.25;">Juniper Networks Inc.</div>
          </td>
          <td style="width: 27.07%; vertical-align: top; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0);">
            <div style="line-height: 1.25;">NICE Ltd.</div>
          </td>
          <td style="width: 40.29%; vertical-align: top; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0);">
            <div style="line-height: 1.25;">Palo Alto Networks Inc.</div>
          </td>
        </tr>
        <tr>
          <td style="width: 32.64%; vertical-align: top; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0);">
            <div style="line-height: 1.25;">PTC Inc.</div>
          </td>
          <td style="width: 27.07%; vertical-align: top; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0);">
            <div style="line-height: 1.25;">ServiceNow Inc.</div>
          </td>
          <td style="width: 40.29%; vertical-align: top; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0);">
            <div style="line-height: 1.25;">Splunk Inc.</div>
          </td>
        </tr>
        <tr>
          <td style="width: 32.64%; vertical-align: top; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0);">
            <div style="line-height: 1.25;">SS&amp;C Technologies Holdings Inc.</div>
          </td>
          <td style="width: 27.07%; vertical-align: top; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0);">
            <div style="line-height: 1.25;">Synopsys Inc.</div>
          </td>
          <td style="width: 40.29%; vertical-align: top; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0);">
            <div style="line-height: 1.25;">Trend Micro Inc.</div>
          </td>
        </tr>
        <tr>
          <td style="width: 32.64%; vertical-align: top; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0); border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="line-height: 1.25;">Tyler Technologies Inc.</div>
          </td>
          <td style="width: 27.07%; vertical-align: top; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0); border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="line-height: 1.25;">Ziff Davis, Inc.</div>
          </td>
          <td style="width: 40.29%; vertical-align: top; border-width: 2px; border-style: solid; border-color: rgb(0, 0, 0);">&#160;</td>
        </tr>

    </table>
    <div style="line-height: 1.25; font-family: 'Times New Roman',Times,serif;"><br style="line-height: 1.25;">
    </div>
    <div style="text-align: justify; line-height: 1.25; font-family: 'Times New Roman',Times,serif; font-style: italic; font-weight: bold;">Chief Executive Officer Option Award</div>
    <div style="line-height: 1.25; font-family: 'Times New Roman',Times,serif;">&#160;</div>
    <div style="text-align: justify; text-indent: 36pt; line-height: 1.25; font-family: 'Times New Roman',Times,serif;">Following the review of each of the considerations described above under &#8220;<font style="font-style: italic;">Chief
        Executive Officer Compensation Review</font>&#8221;, our Compensation Committee, in consultation with Compensia, has approved and recommended, a simple, straight forward long-term option award, as outlined below, of which 40% will be tied to long-term
      company performance goals and 100% will be tied to Mr. Shwed&#8217;s long-term continued employment, with the objective of continuing to <font style="font-style: italic;"><u>fully</u></font> align all of Mr. Shwed&#8217;s compensation with shareholder interests
      and long-term company value.</div>
    <div style="line-height: 1.25; font-family: 'Times New Roman',Times,serif;">&#160;</div>
    <div style="text-align: justify; text-indent: 36pt; line-height: 1.25; font-family: 'Times New Roman',Times,serif;">The Compensation Committee, in consultation with Compensia, believes that the proposed option award, which is
      100% tied to Check Point&#8217;s shareholders interest, is the most effective incentive tool to maintain a long-term market leader and founder as Mr. Shwed, and to ensure the continued short- and long-term success of Check Point under Mr. Shwed&#8217;s
      leadership.</div>
    <div style="line-height: 1.25; font-family: 'Times New Roman',Times,serif;">&#160;</div>
    <div style="text-align: justify; text-indent: 36pt; line-height: 1.25; font-family: 'Times New Roman',Times,serif;">The Compensation Committee believes that the proposed option award, is in the best interest of the
      shareholders, particularly when taking into account that the entire compensation consists of options that bear a higher risk than restricted shares or RSUs or PSUs, that 40% of the options award is also subject to long-term company performance goals,
      and the fact that most of the chief executive officers in our peer group are not long-term market leaders and company founders like Mr. Shwed.</div>
    <div style="line-height: 1.25; font-family: 'Times New Roman',Times,serif;">&#160;</div>
    <div style="text-align: justify; text-indent: 36pt; line-height: 1.25; font-family: 'Times New Roman',Times,serif;">Mr. Shwed supports the Compensation Committee&#8217;s position that he be granted only options and not restricted
      shares or RSUs or PSUs, despite the fact that restricted shares or RSUs or PSUs would provide considerable compensation even if the ordinary share price remains stable or declines.</div>
    <div style="line-height: 1.25; font-family: 'Times New Roman',Times,serif;">&#160;</div>
    <div style="text-indent: 36pt; line-height: 1.25; font-family: 'Times New Roman',Times,serif;">Following is a summary of the key terms of the proposed option award:</div>
    <div style="line-height: 1.25; font-family: 'Times New Roman',Times,serif;">&#160;</div>
    <div style="text-align: justify; line-height: 1.25; font-family: 'Times New Roman',Times,serif; font-style: italic;">Equity Type:</div>
    <div style="line-height: 1.25; font-family: 'Times New Roman',Times,serif;">&#160;</div>
    <div style="text-align: justify; text-indent: 36pt; line-height: 1.25; font-family: 'Times New Roman',Times,serif;">Mr. Shwed&#8217;s proposed equity component will be comprised 100% of options, of which 40% will also be subject to
      long-term company performance goals. No RSUs or restricted shares or other equity awards which also reward for under performance.</div>
    <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" class="BRPFPageBreakArea">
      <div style="text-align: center;" class="BRPFPageNumberArea"><font style="color: #000000; font-weight: normal; font-style: normal;" class="BRPFPageNumber">14</font></div>
      <div style="page-break-after: always;" class="BRPFPageBreak">
        <hr noshade="noshade" style="border-width: 0px; clear: both; margin: 4px 0px; width: 100%; height: 2px; color: #000000; background-color: #000000;"></div>
    </div>
    <div style="line-height: 1.25; font-family: 'Times New Roman',Times,serif;">&#160;</div>
    <div style="line-height: 1.25; font-family: 'Times New Roman',Times,serif; font-style: italic;">Number of Ordinary Shares Subject to Option to be Granted</div>
    <div style="line-height: 1.25; font-family: 'Times New Roman',Times,serif;">&#160;</div>
    <div style="text-align: justify; text-indent: 36pt; line-height: 1.25; font-family: 'Times New Roman',Times,serif;">Mr. Shwed will be granted an option to purchase 500,000 ordinary shares of Check Point. The number of
      ordinary shares subject to the option award is the same number of ordinary shares granted in 2020, 2021 and 2022 and is significantly less than the number of ordinary shares that were subject to the annual option awards granted to Mr. Shwed in prior
      years.</div>
    <div style="line-height: 1.25; font-family: 'Times New Roman',Times,serif;">&#160;</div>
    <div style="text-align: justify; text-indent: 36pt; line-height: 1.25; font-family: 'Times New Roman',Times,serif;">In the years 2011-2015, Mr. Shwed was granted an option to purchase 1,600,000 ordinary shares, in the years
      2016-2019 such amount was reduced to 1,300,000 ordinary shares, in 2020 such amount was further reduced to 500,000 ordinary shares, and, as noted above, in 2023, it is proposed that such amount be 500,000 ordinary shares, consistent with 2020, 2021
      and 2022.</div>
    <div style="line-height: 1.25; font-family: 'Times New Roman',Times,serif;">&#160;</div>
    <div style="text-align: justify; text-indent: 36pt; line-height: 1.25; font-family: 'Times New Roman',Times,serif; font-style: italic; font-weight: bold;">However, unlike prior years, it is proposed that options to purchase
      200,000 ordinary shares (or 40% of the aggregate option award) will also be subject to vesting criteria tied to long-term company performance criteria.</div>
    <div style="line-height: 1.25; font-family: 'Times New Roman',Times,serif;">&#160;</div>
    <div style="text-align: justify; text-indent: 36pt; line-height: 1.25; font-family: 'Times New Roman',Times,serif;">Based on an assumed exercise price of $125.85 (equal to the average closing price of Check Point&#8217;s ordinary
      shares on Nasdaq during the 20 trading days ending June 26, 2023), the Black-Scholes-Merton value of such option award would have been approximately $20.5 million.&#160; The expense will be recorded in our financial statements over the four-year vesting
      period of the option award.&#160; Since the Black-Scholes-Merton model is merely a financial model that determines the accounting value of the grant, it does not guarantee any actual economic gain to Mr. Shwed.</div>
    <div style="line-height: 1.25; font-family: 'Times New Roman',Times,serif;">&#160;</div>
    <div style="text-align: justify; text-indent: 36pt; line-height: 1.25; font-family: 'Times New Roman',Times,serif;">The following table presents summary information regarding the compensation paid to, or earned by, Mr. Shwed
      in each of the three years ended December 31, 2022, 2021 and 2020, and as proposed to be paid to, or earned by, Mr. Shwed in the year ended December 31, 2023:</div>
    <div style="line-height: 1.25; font-family: 'Times New Roman',Times,serif;">&#160;</div>
    <table cellspacing="0" cellpadding="2" border="0" id="zcb66cbba9008429e99c36f41644d64fe" style="font-family: 'Times New Roman',Times,serif; font-size: 10pt; width: 100%; text-align: left; color: rgb(0, 0, 0);">

        <tr>
          <td style="width: 12.26%; vertical-align: bottom; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0);">
            <div style="text-align: center; line-height: 1.25; font-weight: bold;">Name</div>
          </td>
          <td style="width: 6.13%; vertical-align: bottom; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0);">
            <div style="text-align: center; line-height: 1.25; font-weight: bold;">Year</div>
          </td>
          <td style="width: 7.88%; vertical-align: bottom; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0);">
            <div style="text-align: center; line-height: 1.25; font-weight: bold;">Annual Salary</div>
          </td>
          <td style="width: 7.88%; vertical-align: bottom; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0);">
            <div style="text-align: center; line-height: 1.25; font-weight: bold;">Stock Awards</div>
          </td>
          <td style="width: 9.86%; vertical-align: bottom; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0);">
            <div style="text-align: center; line-height: 1.25; font-weight: bold;">Option Awards (#)</div>
          </td>
          <td style="width: 9.64%; vertical-align: bottom; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0);">
            <div style="text-align: center; line-height: 1.25; font-weight: bold;">Exercise Price</div>
          </td>
          <td style="width: 10.43%; vertical-align: bottom; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0);">
            <div style="text-align: center; line-height: 1.25; font-weight: bold;">Option Awards ($)</div>
          </td>
          <td style="width: 13.14%; vertical-align: bottom; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0);">
            <div style="text-align: center; line-height: 1.25; font-weight: bold;">Non-Equity Incentive Plan Compensation</div>
          </td>
          <td style="width: 12.26%; vertical-align: bottom; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0);">
            <div style="text-align: center; line-height: 1.25; font-weight: bold;">All</div>
            <div style="text-align: center; line-height: 1.25; font-weight: bold;">Other Compensation</div>
          </td>
          <td style="width: 10.51%; vertical-align: bottom; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0);">
            <div style="text-align: center; line-height: 1.25; font-weight: bold;">Total</div>
          </td>
        </tr>
        <tr>
          <td style="width: 12.26%; vertical-align: top; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0); border-bottom: 2px solid rgb(0, 0, 0);" rowspan="4">
            <div style="line-height: 1.25;">Gil Shwed (Chief Executive Officer)</div>
          </td>
          <td style="width: 6.13%; vertical-align: top; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0);">
            <div style="text-align: center; line-height: 1.25;">2023</div>
          </td>
          <td style="width: 7.88%; vertical-align: top; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0);">
            <div style="text-align: center; line-height: 1.25;">$17,521</div>
          </td>
          <td style="width: 7.88%; vertical-align: top; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0);">
            <div style="text-align: center; line-height: 1.25;">-</div>
          </td>
          <td style="width: 9.86%; vertical-align: top; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0);">
            <div style="text-align: center; line-height: 1.25;">500,000</div>
          </td>
          <td style="width: 9.64%; vertical-align: top; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0);">
            <div style="text-align: center; line-height: 1.25;">$125.85</div>
          </td>
          <td style="width: 10.43%; vertical-align: top; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0);">
            <div style="text-align: center; line-height: 1.25;">$20,484,300</div>
          </td>
          <td style="width: 13.14%; vertical-align: top; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0);">
            <div style="text-align: center; line-height: 1.25;">-</div>
          </td>
          <td style="width: 12.26%; vertical-align: top; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0);">
            <div style="text-align: center; line-height: 1.25;">$8,717</div>
          </td>
          <td style="width: 10.51%; vertical-align: top; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0);">
            <div style="text-align: center; line-height: 1.25;">$20,510,538</div>
          </td>
        </tr>
        <tr>
          <td style="width: 6.13%; vertical-align: top; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0);">
            <div style="text-align: center; line-height: 1.25;">2022</div>
          </td>
          <td style="width: 7.88%; vertical-align: top; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0);">
            <div style="text-align: center; line-height: 1.25;">$18,068</div>
          </td>
          <td style="width: 7.88%; vertical-align: top; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0);">
            <div style="text-align: center; line-height: 1.25;">-</div>
          </td>
          <td style="width: 9.86%; vertical-align: top; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0);">
            <div style="text-align: center; line-height: 1.25;">500,000</div>
          </td>
          <td style="width: 9.64%; vertical-align: top; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0);">
            <div style="text-align: center; line-height: 1.25;">$122.12</div>
          </td>
          <td style="width: 10.43%; vertical-align: top; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0);">
            <div style="text-align: center; line-height: 1.25;">$18,405,350</div>
          </td>
          <td style="width: 13.14%; vertical-align: top; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0);">
            <div style="text-align: center; line-height: 1.25;">-</div>
          </td>
          <td style="width: 12.26%; vertical-align: top; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0);">
            <div style="text-align: center; line-height: 1.25;">$8,990</div>
          </td>
          <td style="width: 10.51%; vertical-align: top; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0);">
            <div style="text-align: center; line-height: 1.25;">$18,432,408</div>
          </td>
        </tr>
        <tr>
          <td style="width: 6.13%; vertical-align: top; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0);">
            <div style="text-align: center; line-height: 1.25;">2021</div>
          </td>
          <td style="width: 7.88%; vertical-align: top; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0);">
            <div style="text-align: center; line-height: 1.25;">$19,503</div>
          </td>
          <td style="width: 7.88%; vertical-align: top; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0);">
            <div style="text-align: center; line-height: 1.25;">-</div>
          </td>
          <td style="width: 9.86%; vertical-align: top; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0);">
            <div style="text-align: center; line-height: 1.25;">500,000</div>
          </td>
          <td style="width: 9.64%; vertical-align: top; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0);">
            <div style="text-align: center; line-height: 1.25;">$123.05</div>
          </td>
          <td style="width: 10.43%; vertical-align: top; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0);">
            <div style="text-align: center; line-height: 1.25;">$14,859,050</div>
          </td>
          <td style="width: 13.14%; vertical-align: top; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0);">
            <div style="text-align: center; line-height: 1.25;">-</div>
          </td>
          <td style="width: 12.26%; vertical-align: top; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0);">
            <div style="text-align: center; line-height: 1.25;">$17,823</div>
          </td>
          <td style="width: 10.51%; vertical-align: top; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0);">
            <div style="text-align: center; line-height: 1.25;">$14,896,376</div>
          </td>
        </tr>
        <tr>
          <td style="width: 6.13%; vertical-align: top; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0); border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="text-align: center; line-height: 1.25;">2020</div>
          </td>
          <td style="width: 7.88%; vertical-align: top; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0); border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="text-align: center; line-height: 1.25;">$19,782</div>
          </td>
          <td style="width: 7.88%; vertical-align: top; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0); border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="text-align: center; line-height: 1.25;">--</div>
          </td>
          <td style="width: 9.86%; vertical-align: top; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0); border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="text-align: center; line-height: 1.25;">500,000</div>
          </td>
          <td style="width: 9.64%; vertical-align: top; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0); border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="text-align: center; line-height: 1.25;">$122.41</div>
          </td>
          <td style="width: 10.43%; vertical-align: top; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0); border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="text-align: center; line-height: 1.25;">$13,799,300</div>
          </td>
          <td style="width: 13.14%; vertical-align: top; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0); border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="text-align: center; line-height: 1.25;">-</div>
          </td>
          <td style="width: 12.26%; vertical-align: top; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0); border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="text-align: center; line-height: 1.25;">$18,078&#160;</div>
          </td>
          <td style="width: 10.51%; vertical-align: top; border-width: 2px; border-style: solid; border-color: rgb(0, 0, 0);">
            <div style="text-align: center; line-height: 1.25;">$13,837,160</div>
          </td>
        </tr>

    </table>
    <div style="line-height: 1.25; font-family: 'Times New Roman',Times,serif;">&#160;</div>
    <div style="text-align: justify; line-height: 1.25; font-family: 'Times New Roman',Times,serif;">* The value of the option awards was calculated based on the Black-Scholes-Merton model.&#160; In the case of 2023, the value of the
      option award is calculated based on an assumed exercise price of $125.85 (equal to the average closing price of Check Point&#8217;s ordinary shares on the Nasdaq during the 20 trading days ending June 26, 2023). The actual value of the 2023 option award
      will be calculated on the date of grant based on the closing price of Check Point&#8217;s ordinary shares on such date.</div>
    <div style="line-height: 1.25; font-family: 'Times New Roman',Times,serif;">&#160;</div>
    <div style="text-align: justify; line-height: 1.25; font-family: 'Times New Roman',Times,serif;">** The salary and other compensation presented in the table were paid in NIS and were converted into US$ based on the NIS/US$
      exchange rate at the end of the applicable year. In the case of 2023, the amounts are estimated and converted based on the NIS/US$ exchange rate on June 26, 2023.</div>
    <div style="line-height: 1.25; font-family: 'Times New Roman',Times,serif;">&#160;</div>
    <div style="text-align: justify; text-indent: 36pt; line-height: 1.25; font-family: 'Times New Roman',Times,serif;">Mr. Shwed will only realize an economic gain from such option grant, if the share price increases and exceeds
      the exercise price, irrespective of the Black-Scholes-Merton value of the option granted.</div>
    <div style="line-height: 1.25; font-family: 'Times New Roman',Times,serif;">&#160;</div>
    <div style="line-height: 1.25; font-family: 'Times New Roman',Times,serif; font-style: italic;">Grant Date</div>
    <div style="line-height: 1.25; font-family: 'Times New Roman',Times,serif;">&#160;</div>
    <div style="text-indent: 36pt; line-height: 1.25; font-family: 'Times New Roman',Times,serif;">The date the option grant is approved by Check Point&#8217;s shareholders at the annual general meeting.</div>
    <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" class="BRPFPageBreakArea">
      <div style="text-align: center;" class="BRPFPageNumberArea"><font style="color: #000000; font-weight: normal; font-style: normal;" class="BRPFPageNumber">15</font></div>
      <div style="page-break-after: always;" class="BRPFPageBreak">
        <hr noshade="noshade" style="border-width: 0px; clear: both; margin: 4px 0px; width: 100%; height: 2px; color: #000000; background-color: #000000;"></div>
    </div>
    <div style="line-height: 1.25; font-family: 'Times New Roman',Times,serif;">&#160;</div>
    <div style="line-height: 1.25; font-family: 'Times New Roman',Times,serif; font-style: italic;">Exercise Price</div>
    <div style="line-height: 1.25; font-family: 'Times New Roman',Times,serif;">&#160;</div>
    <div style="text-align: justify; text-indent: 36pt; line-height: 1.25; font-family: 'Times New Roman',Times,serif;">The exercise price of the option award shall equal 100% of the closing price of Check Point&#8217;s ordinary shares
      on the Nasdaq on the date of the annual general meeting.&#160;</div>
    <div style="line-height: 1.25; font-family: 'Times New Roman',Times,serif;">&#160;</div>
    <div style="line-height: 1.25; font-family: 'Times New Roman',Times,serif; font-style: italic;">No Repricing</div>
    <div style="line-height: 1.25; font-family: 'Times New Roman',Times,serif;">&#160;</div>
    <div style="text-align: justify; text-indent: 36pt; line-height: 1.25; font-family: 'Times New Roman',Times,serif;">The Compensation Committee and our Board of Directors will have no authority to re-price the exercise price
      of the option award, without first obtaining shareholder approval.</div>
    <div style="line-height: 1.25; font-family: 'Times New Roman',Times,serif;">&#160;</div>
    <div style="text-align: justify; line-height: 1.25; font-family: 'Times New Roman',Times,serif; font-style: italic;">Vesting Criteria and Schedule</div>
    <div style="line-height: 1.25; font-family: 'Times New Roman',Times,serif;">&#160;</div>
    <div style="text-align: justify; text-indent: 36pt; line-height: 1.25; font-family: 'Times New Roman',Times,serif;">All options subject to Mr. Shwed&#8217;s continued employment by Check Point on each applicable vesting date, as
      well as the following conditions and terms:</div>
    <div style="line-height: 1.25; font-family: 'Times New Roman',Times,serif;">&#160;</div>
    <div style="text-align: justify; line-height: 1.25; font-family: 'Times New Roman',Times,serif; font-style: italic;">Option Awards</div>
    <div style="line-height: 1.25; font-family: 'Times New Roman',Times,serif;">&#160;</div>
    <div style="text-align: justify; text-indent: 36pt; line-height: 1.25; font-family: 'Times New Roman',Times,serif;">Check Point is proposing to grant Mr. Shwed, for his role as CEO, options to purchase Check Point&#8217;s shares
      which depend on meeting specific criteria. This includes Performance-Based Options (200,000) and Time-Based Options (300,000).</div>
    <div style="line-height: 1.25; font-family: 'Times New Roman',Times,serif;">&#160;</div>
    <div style="text-align: justify; text-indent: 36pt; line-height: 1.25; font-family: 'Times New Roman',Times,serif;">For Performance-Based Options: the first tranche (66,666 options) will vest after two years if the Company's
      revenue growth meets or surpasses a set target relative to the Company&#8217;s revenues in the four quarters ended June 30, 2023. The number of options that vest will depend on how much the growth exceeds the target.</div>
    <div style="line-height: 1.25; font-family: 'Times New Roman',Times,serif;">&#160;</div>
    <div style="text-align: justify; line-height: 1.25; font-family: 'Times New Roman',Times,serif;">The second tranche (133,334 options) follows the same criteria but after four years.</div>
    <div style="line-height: 1.25; font-family: 'Times New Roman',Times,serif;">&#160;</div>
    <div style="text-align: justify; text-indent: 36pt; line-height: 1.25; font-family: 'Times New Roman',Times,serif;">None of these options will vest if the set minimum thresholds are not met or Mr. Shwed is not employed at
      Check Point on the relevant vesting dates. The minimum thresholds for these targets will not be less than 87.5% of the target revenues.</div>
    <div style="line-height: 1.25; font-family: 'Times New Roman',Times,serif;">&#160;</div>
    <div style="text-align: justify; text-indent: 36pt; line-height: 1.25; font-family: 'Times New Roman',Times,serif;">The revenue growth targets and minimum thresholds were set by the Compensation Committee and the Board.</div>
    <div style="line-height: 1.25; font-family: 'Times New Roman',Times,serif;">&#160;</div>
    <div style="text-align: justify; text-indent: 36pt; line-height: 1.25; font-family: 'Times New Roman',Times,serif;">For Time-Based Options, the vesting is gradual over four years. Mr. Shwed can purchase 60,000 shares after 6,
      12, 24, 36, and 48 months from the grant date as long as he is still employed at Check Point on the relevant vesting dates.</div>
    <div style="line-height: 1.25; font-family: 'Times New Roman',Times,serif;">&#160;</div>
    <div style="text-align: justify; text-indent: 36pt; line-height: 1.25; font-family: 'Times New Roman',Times,serif; font-style: italic;">No Vesting Acceleration</div>
    <div style="line-height: 1.25; font-family: 'Times New Roman',Times,serif;">&#160;</div>
    <div style="text-align: justify; text-indent: 36pt; line-height: 1.25; font-family: 'Times New Roman',Times,serif;">The Compensation Committee and our Board of Directors will have no authority to accelerate the vesting of the
      option award due to a change of control event or otherwise, without first obtaining shareholder approval.</div>
    <div style="line-height: 1.25; font-family: 'Times New Roman',Times,serif;">&#160;</div>
    <div style="line-height: 1.25; font-family: 'Times New Roman',Times,serif; font-style: italic;">Term</div>
    <div style="line-height: 1.25; font-family: 'Times New Roman',Times,serif;">&#160;</div>
    <div style="text-align: justify; text-indent: 36pt; line-height: 1.25; font-family: 'Times New Roman',Times,serif;">The option award shall terminate seven years after the date of grant if not exercised.&#160;</div>
    <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" class="BRPFPageBreakArea">
      <div style="text-align: center;" class="BRPFPageNumberArea"><font style="color: #000000; font-weight: normal; font-style: normal;" class="BRPFPageNumber">16</font></div>
      <div style="page-break-after: always;" class="BRPFPageBreak">
        <hr noshade="noshade" style="border-width: 0px; clear: both; margin: 4px 0px; width: 100%; height: 2px; color: #000000; background-color: #000000;"></div>
    </div>
    <div style="line-height: 1.25; font-family: 'Times New Roman',Times,serif;">&#160;</div>
    <div style="line-height: 1.25; font-family: 'Times New Roman',Times,serif; font-style: italic; font-weight: bold;">Additional Information</div>
    <div style="line-height: 1.25; font-family: 'Times New Roman',Times,serif;">&#160;</div>
    <div style="text-align: justify; text-indent: 36pt; line-height: 1.25; font-family: 'Times New Roman',Times,serif;">As of December 31, 2022, the number of company equity awards outstanding was 7.8% of the sum of (i) the
      number of ordinary shares issued and outstanding on such date and (ii) the number of ordinary shares reserved and authorized under the our equity incentive plans for outstanding awards granted under the equity incentive plans as of such date, or
      8.2%, assuming the proposed option grant to Mr. Shwed subject to approval hereby, would have been granted as of December 31, 2022.</div>
    <div style="line-height: 1.25; font-family: 'Times New Roman',Times,serif;">&#160;</div>
    <div style="text-align: justify; text-indent: 36pt; line-height: 1.25; font-family: 'Times New Roman',Times,serif;">In connection with their review, our Compensation Committee and our Board of Directors further confirmed
      that, it is the intention of Check Point that the number of company equity awards outstanding shall continue in the future not to exceed 10% of the sum of (i) the number of ordinary shares issued and outstanding on such date and (ii) the number of
      ordinary shares reserved and authorized under the equity incentive plans for outstanding awards granted under the equity incentive plans as of such date.</div>
    <div style="line-height: 1.25; font-family: 'Times New Roman',Times,serif;">&#160;</div>
    <div style="text-align: justify; text-indent: 36pt; line-height: 1.25; font-family: 'Times New Roman',Times,serif;">The number of ordinary shares beneficially owned by Mr. Shwed, and the number of ordinary shares he
      beneficially owns pursuant to stock options exercisable within 60 days after June 26, 2023, are set forth above under the caption &#8220;<font style="font-style: italic;">Beneficial Ownership of Securities by Certain Beneficial Owners and Management</font>.&#8221;</div>
    <div style="line-height: 1.25; font-family: 'Times New Roman',Times,serif;">&#160;</div>
    <div style="line-height: 1.25;">
      <div style="line-height: 1.25; font-family: 'Times New Roman',Times,serif; font-style: italic; font-weight: bold;">Recommendation</div>
      <div style="line-height: 1.25; font-family: 'Times New Roman',Times,serif;">&#160;</div>
    </div>
    <div style="text-align: justify; text-indent: 36pt; line-height: 1.25; font-family: 'Times New Roman',Times,serif;">Our Compensation Committee and our Board of Directors believe that it is in the best interest of our
      shareholders and Check Point to approve the option award grant to Mr. Shwed, and recommend that the shareholders approve the proposed grant.</div>
    <div style="line-height: 1.25; font-family: 'Times New Roman',Times,serif;">&#160;</div>
    <div style="text-align: justify; text-indent: 36pt; line-height: 1.25; font-family: 'Times New Roman',Times,serif;">The proposed option award links Mr. Shwed&#8217;s compensation to the creation of shareholder value.&#160; If this
      proposal is not approved at the meeting, our Board of Directors and Compensation Committee believe it could impede our ability to incentivize Mr. Shwed to continue delivering value to our shareholders, thereby potentially posing a material risk to
      Check Point&#8217;s short- and long-term success.</div>
    <div style="line-height: 1.25; font-family: 'Times New Roman',Times,serif;">&#160;</div>
    <div style="line-height: 1.25;">
      <div style="line-height: 1.25; font-family: 'Times New Roman',Times,serif; font-style: italic; font-weight: bold;">Proposal</div>
      <div style="line-height: 1.25; font-family: 'Times New Roman',Times,serif;">&#160;</div>
    </div>
    <div style="line-height: 1.25;">
      <div style="line-height: 1.25;"><font style="font-family: 'Times New Roman',Times,serif; color: rgb(0, 0, 0);">&#160;</font><font style="font-family: 'Times New Roman',Times,serif;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;We
          are proposing to adopt the following resolution:</font></div>
      <div style="line-height: 1.25; font-family: 'Times New Roman',Times,serif;"><br style="line-height: 1.25;">
      </div>
    </div>
    <div style="text-align: justify; text-indent: 36pt; margin-right: 45pt; margin-left: 72pt; line-height: 1.25; font-family: 'Times New Roman',Times,serif;">RESOLVED, that the grant to Gil Shwed of an option to purchase 500,000<font style="color: rgb(0, 0, 0);"> ordinary shares at an exercise price equal to 100% of the closing price of the ordinary shares on the Nasdaq on the date of the 2023 Annual General Meeting of Shareholders and upon the terms recommended by the
        Compensation Committee and approved by the Board of Directors of Check Point and set forth in Item 4 of the Proxy Statement, be, and it hereby is, approved.</font></div>
    <div style="line-height: 1.25; font-family: 'Times New Roman',Times,serif;">&#160;</div>
    <div style="line-height: 1.25;">
      <div style="line-height: 1.25; font-family: 'Times New Roman',Times,serif; font-style: italic; font-weight: bold;">Vote Required</div>
      <div style="line-height: 1.25; font-family: 'Times New Roman',Times,serif;">&#160;</div>
      <div style="line-height: 1.25; font-family: 'Times New Roman',Times,serif;"><br style="line-height: 1.25;">
      </div>
    </div>
    <div style="text-align: justify; text-indent: 36pt; line-height: 1.25; font-family: 'Times New Roman',Times,serif;">The affirmative vote of the holders of a majority of the voting power represented and voting on this proposal
      in person or by proxy is necessary for the approval of the resolution to approve the grant of an option to our Chief Executive Officer, who is also a director.&#160; In addition, a special majority vote will be required for approval of this proposal. &#160;In
      order for this proposal to be approved either (i) the affirmative vote of the ordinary shares must include at least a majority of the ordinary shares voted by shareholders who are not controlling shareholders and who do not have a personal interest
      in the approval of this proposal, or (ii) the total ordinary shares of non-controlling shareholders and non-interested shareholders voted against such proposal must not represent more than two percent of the outstanding ordinary shares.</div>
    <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" class="BRPFPageBreakArea">
      <div style="text-align: center;" class="BRPFPageNumberArea"><font style="color: #000000; font-weight: normal; font-style: normal;" class="BRPFPageNumber">17</font></div>
      <div style="page-break-after: always;" class="BRPFPageBreak">
        <hr noshade="noshade" style="border-width: 0px; clear: both; margin: 4px 0px; width: 100%; height: 2px; color: #000000; background-color: #000000;"></div>
    </div>
    <div style="line-height: 1.25; font-family: 'Times New Roman',Times,serif;">&#160;</div>
    <div style="text-align: justify; text-indent: 36pt; line-height: 1.25; font-family: 'Times New Roman', serif; font-size: 11pt;"><font style="font-family: 'Times New Roman',Times,serif; font-size: 10pt; color: rgb(0, 0, 0);">For this purpose,
        you are asked to indicate on the enclosed proxy card whether you are a controlling shareholder or have a personal interest in the </font><font style="font-family: 'Times New Roman',Times,serif; font-size: 10pt;">in this proposal to grant
        an option to our Chief Executive Officer, as described above<font style="color: rgb(0, 0, 0);">.</font></font></div>
    <div style="line-height: 1.25; font-family: 'Times New Roman',Times,serif;">&#160;</div>
    <div style="line-height: 1.25; font-family: 'Times New Roman',Times,serif;">&#160;</div>
    <div style="text-align: center; line-height: 1.25; font-family: 'Times New Roman',Times,serif;">ITEM 5 &#8211; PROPOSAL TO AMEND THE COMPENSATION ARRANGEMENTS OF THE NON-EXECUTIVE DIRECTORS</div>
    <div style="line-height: 1.25; font-family: 'Times New Roman',Times,serif;">&#160;</div>
    <div style="line-height: 1.25;">
      <div style="line-height: 1.25; font-family: 'Times New Roman',Times,serif; font-style: italic; font-weight: bold;">Background</div>
      <div style="line-height: 1.25; font-family: 'Times New Roman',Times,serif;">&#160;</div>
      <div style="line-height: 1.25; font-family: 'Times New Roman',Times,serif;"><br style="line-height: 1.25;">
      </div>
    </div>
    <div style="text-align: justify; text-indent: 36pt; line-height: 1.25; color: rgb(0, 0, 0); font-family: 'Times New Roman',Times,serif;">Based on an analysis of the appropriate remuneration of our non-executive directors, the
      Compensation Committee has proposed to change the structure of the equity component of the fees paid to our non-executive directors.&#160; Following the meeting, all of our directors, with the exception of Mr. Shwed, will be non-executive directors.</div>
    <div style="line-height: 1.25; font-family: 'Times New Roman',Times,serif;">&#160;</div>
    <div style="text-align: justify; text-indent: 36pt; line-height: 1.25; color: rgb(0, 0, 0); font-family: 'Times New Roman',Times,serif;">We are seeking your approval of these changes because Israel&#8217;s Companies Law provides
      that the compensation of our directors, whether as directors, officers or consultants, requires shareholder approval.</div>
    <div style="line-height: 1.25; font-family: 'Times New Roman',Times,serif;">&#160;</div>
    <div style="text-align: justify; text-indent: 36pt; line-height: 1.25; color: rgb(0, 0, 0); font-family: 'Times New Roman',Times,serif;">Our non-executive directors are currently compensated by a combination of cash fees and
      equity grants.</div>
    <div style="line-height: 1.25; font-family: 'Times New Roman',Times,serif;">&#160;</div>
    <div style="text-align: justify; text-indent: 36pt; line-height: 1.25; color: #000000; font-family: 'Times New Roman', serif; font-size: 11pt;"><font style="font-family: 'Times New Roman',Times,serif; font-size: 10pt; font-style: italic;">Cash
        Fees.</font><font style="font-family: 'Times New Roman',Times,serif; font-size: 10pt;">&#160; We currently pay each of our non-executive directors an annual cash retainer of $40,000 for the services provided to our board of directors and an
        annual cash retainer of $7,500 for each committee membership.&#160; In addition, we pay the chairman of our board of directors and the lead independent director an annual cash retainer of $20,000, the chair of our Audit Committee an annual cash retainer
        of $7,500 and the chair of each of our Nominating, Sustainability and Corporate Governance Committee and Compensation Committee an annual cash retainer of $2,500.</font></div>
    <div style="line-height: 1.25; font-family: 'Times New Roman',Times,serif;">&#160;</div>
    <div style="text-align: justify; text-indent: 36pt; line-height: 1.25; color: #000000; font-family: 'Times New Roman', serif; font-size: 11pt;"><font style="font-family: 'Times New Roman',Times,serif; font-size: 10pt; font-style: italic;">Equity
        Grants</font><font style="font-family: 'Times New Roman',Times,serif; font-size: 10pt;">.&#160; Our non-executive directors receive an automatic option grant and are also eligible for discretionary awards under Check Point&#8217;s Equity Incentive
        Plans:</font></div>
    <div style="line-height: 1.25; font-family: 'Times New Roman',Times,serif;">&#160;</div>
    <table cellspacing="0" cellpadding="0" id="zea231a88699f4db9ac965b12f95af181" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

        <tr>
          <td style="width: 36pt; font-family: 'Times New Roman',Times,serif;"><br>
          </td>
          <td style="width: 18pt; vertical-align: top; color: rgb(0, 0, 0); font-family: 'Times New Roman',Times,serif;">-</td>
          <td style="width: auto; vertical-align: top; text-align: justify; font-family: 'Times New Roman',Times,serif;">
            <div style="color: rgb(0, 0, 0);">Each non-executive director who is first elected or appointed to the board of directors is granted an option to purchase 25,000 ordinary shares and restricted share units (RSUs) with a value of $200,000 on the
              date of the initial election or appointment, vesting in equal annual installments over a four-year period (the <font style="font-style: italic;">Initial Equity Grant</font>).</div>
          </td>
        </tr>

    </table>
    <div style="line-height: 1.25; font-family: 'Times New Roman',Times,serif;">&#160;</div>
    <table cellspacing="0" cellpadding="0" id="zd21a56afadc94d8a8add9df0c7cc07f6" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

        <tr>
          <td style="width: 36pt; font-family: 'Times New Roman',Times,serif;"><br>
          </td>
          <td style="width: 18pt; vertical-align: top; color: rgb(0, 0, 0); font-family: 'Times New Roman',Times,serif;">-</td>
          <td style="width: auto; vertical-align: top; text-align: justify; font-family: 'Times New Roman',Times,serif;">
            <div style="color: rgb(0, 0, 0);">On the date of each annual general meeting of shareholders, each non-executive director who is to continue to serve as a non-executive director after the annual general meeting is granted an option to purchase
              an additional 15,000 ordinary shares and RSUs with a value of $50,000, of which 50% vest six months after the grant date, 25% vest nine months after the grant date, and another 25% vest a year after the grant date, provided that the director
              has served as a non-executive director for at least six months prior to the date of the annual general meeting (the <font style="font-style: italic;">Annual Equity Grant</font>).</div>
          </td>
        </tr>

    </table>
    <div style="line-height: 1.25; font-family: 'Times New Roman',Times,serif;">&#160;</div>
    <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" class="BRPFPageBreakArea">
      <div style="text-align: center;" class="BRPFPageNumberArea"><font style="color: #000000; font-weight: normal; font-style: normal;" class="BRPFPageNumber">18</font></div>
      <div style="page-break-after: always;" class="BRPFPageBreak">
        <hr noshade="noshade" style="border-width: 0px; clear: both; margin: 4px 0px; width: 100%; height: 2px; color: #000000; background-color: #000000;"></div>
    </div>
    <div style="text-align: justify; text-indent: 36pt; line-height: 1.25; color: rgb(0, 0, 0); font-family: 'Times New Roman',Times,serif;">The directors in office immediately prior to the date of initial appointment or
      election, or of the annual general meeting, as applicable, may determine to reduce the initial or annual grant to all non-executive directors or a specific non-executive director.</div>
    <div style="line-height: 1.25; font-family: 'Times New Roman',Times,serif;">&#160;</div>
    <div style="text-align: justify; text-indent: 36pt; line-height: 1.25; font-family: 'Times New Roman', serif; font-size: 11pt;"><font style="font-family: 'Times New Roman',Times,serif; font-size: 10pt; color: rgb(0, 0, 0);">In addition, each
        director is also required to comply with Check Point&#8217;s </font><font style="font-family: 'Times New Roman',Times,serif; font-size: 10pt;">Stock Ownership Guidelines for Directors and Executive Officers, as set forth below under the header
        &#8211; &#8220;<font style="font-style: italic;">Stock Ownership Guidelines for Directors and Executive Officers</font>&#8221;.</font></div>
    <div style="line-height: 1.25; font-family: 'Times New Roman',Times,serif;">&#160;</div>
    <div style="text-align: justify; text-indent: 36pt; line-height: 1.25; color: rgb(0, 0, 0); font-family: 'Times New Roman',Times,serif;">In line with Check Point&#8217;s peer companies and consistent with market practices, the
      Compensation Committee is recommending to amend the Annual Equity Grant set forth in Check Point&#8217;s equity incentive plans, by decreasing on the one hand the number of ordinary shares included in the Annual Equity Grant from 15,000 to 5,000, and
      increasing on the other hand the value of the RSUs included in the Annual Equity Grant from $50,000 to $150,000.</div>
    <div style="line-height: 1.25; font-family: 'Times New Roman',Times,serif;">&#160;</div>
    <div style="text-align: justify; text-indent: 36pt; line-height: 1.25; color: rgb(0, 0, 0); font-family: 'Times New Roman',Times,serif;">No changes are proposed to the directors&#8217; cash fees or to the Initial Equity Grant.</div>
    <div style="line-height: 1.25; font-family: 'Times New Roman',Times,serif;">&#160;</div>
    <div style="text-align: justify; text-indent: 36pt; line-height: 1.25; color: rgb(0, 0, 0); font-family: 'Times New Roman',Times,serif;">Based on an assumed exercise price of $125.85 (equal to the average closing price of
      Check Point&#8217;s ordinary shares on Nasdaq during the 20 trading days ending June 26, 2023), and assuming this proposal is adopted, the value of the Annual Equity Grant to each non-executive director will decrease from approximately $458 thousands to
      approximately $323 thousands.</div>
    <div style="line-height: 1.25; font-family: 'Times New Roman',Times,serif;">&#160;</div>
    <div style="text-align: justify; text-indent: 36pt; line-height: 1.25; color: rgb(0, 0, 0); font-family: 'Times New Roman',Times,serif;">In making its recommendation, the Compensation Committee considered several factors,
      including comparable industry data and data of members of our peer group, which consists of 17 companies, as listed in Item 4 above, as well as input from Compensia, which was engaged by the Compensation Committee as an independent compensation
      advisor.</div>
    <div style="line-height: 1.25; font-family: 'Times New Roman',Times,serif;">&#160;</div>
    <div style="text-align: justify; text-indent: 36pt; line-height: 1.25; color: rgb(0, 0, 0); font-family: 'Times New Roman',Times,serif;">Our Compensation Committee believes that director compensation should be fair and
      equitable to enable us to attract qualified members to serve on our Board of Directors, and that the proposed amendments, are designed to enable us to appropriately incentivize, attract, and retain qualified members to our Board of Directors, while
      ensuring that our director compensation program is consistent with market practices and share price appreciation.</div>
    <div style="line-height: 1.25; font-family: 'Times New Roman',Times,serif;">&#160;</div>
    <div style="text-align: justify; text-indent: 36pt; line-height: 1.25; color: rgb(0, 0, 0); font-family: 'Times New Roman',Times,serif;">The Compensation Committee further approved and recommended to authorize the
      Compensation Committee and the Board of Directors to further adjust in the future the cash and equity components of the non-executive directors compensation package, provided the overall cost of the non-executive directors compensation package is not
      increased.</div>
    <div style="line-height: 1.25; font-family: 'Times New Roman',Times,serif;">&#160;</div>
    <div style="text-align: justify; text-indent: 36pt; line-height: 1.25; color: rgb(0, 0, 0); font-family: 'Times New Roman',Times,serif;">Our Board of Directors subsequently approved the amended compensation arrangements of
      our non-executive directors and recommended that it be adopted by our shareholders.</div>
    <div style="line-height: 1.25; font-family: 'Times New Roman',Times,serif;">&#160;</div>
    <div style="line-height: 1.25;">
      <div style="line-height: 1.25; font-family: 'Times New Roman',Times,serif; font-style: italic; font-weight: bold;">Proposal</div>
      <div style="line-height: 1.25; font-family: 'Times New Roman',Times,serif;">&#160;</div>
    </div>
    <div style="text-align: justify; text-indent: 36pt; line-height: 1.25; color: rgb(0, 0, 0); font-family: 'Times New Roman',Times,serif;">We are proposing to adopt the following resolution:</div>
    <div style="line-height: 1.25; font-family: 'Times New Roman',Times,serif;">&#160;</div>
    <div style="text-align: justify; text-indent: 36pt; margin-right: 45pt; margin-left: 72pt; line-height: 1.25; color: rgb(0, 0, 0); font-family: 'Times New Roman',Times,serif;">RESOLVED, to amend the compensation arrangements
      of the Non-Executive Directors, as set forth in Item 5 of the Proxy Statement.</div>
    <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" class="BRPFPageBreakArea">
      <div style="text-align: center;" class="BRPFPageNumberArea"><font style="color: #000000; font-weight: normal; font-style: normal;" class="BRPFPageNumber">19</font></div>
      <div style="page-break-after: always;" class="BRPFPageBreak">
        <hr noshade="noshade" style="border-width: 0px; clear: both; margin: 4px 0px; width: 100%; height: 2px; color: #000000; background-color: #000000;"></div>
    </div>
    <div style="line-height: 1.25; font-family: 'Times New Roman',Times,serif;">&#160;</div>
    <div style="line-height: 1.25;">
      <div style="line-height: 1.25; font-family: 'Times New Roman',Times,serif; font-style: italic; font-weight: bold;">Vote Required</div>
      <div style="line-height: 1.25; font-family: 'Times New Roman',Times,serif;">&#160;</div>
      <div style="line-height: 1.25; font-family: 'Times New Roman',Times,serif;"><br style="line-height: 1.25;">
      </div>
    </div>
    <div style="text-align: justify; text-indent: 36pt; line-height: 1.25; color: rgb(0, 0, 0); font-family: 'Times New Roman',Times,serif;">The affirmative vote of the holders of a majority of the voting power represented and
      voting on this proposal in person or by proxy is necessary to approve the amendment to the compensation arrangements of the non-executive directors.</div>
    <div style="line-height: 1.25; font-family: 'Times New Roman',Times,serif;">&#160;</div>
    <div style="line-height: 1.25; font-family: 'Times New Roman',Times,serif;">&#160;</div>
    <div style="text-align: center; line-height: 1.25; font-family: 'Times New Roman',Times,serif;">STOCK OWNERSHIP GUIDELINES FOR DIRECTORS AND EXECUTIVE OFFICERS</div>
    <div style="line-height: 1.25; font-family: 'Times New Roman',Times,serif;">&#160;</div>
    <div style="text-align: justify; text-indent: 36pt; line-height: 1.25; font-family: 'Times New Roman',Times,serif;">Pursuant to the Stock Ownership Guidelines adopted by our Compensation Committee and Board of Directors, our
      directors and executive officers are required to beneficially own Check Point securities in excess of the following thresholds:</div>
    <div style="line-height: 1.25; font-family: 'Times New Roman',Times,serif;"><br style="line-height: 1.25;">
    </div>
    <table cellspacing="0" cellpadding="0" id="zbd2ab8b0ede14b26a94b78b2f588d95d" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

        <tr>
          <td style="width: 36pt; font-family: 'Times New Roman',Times,serif;"><br>
          </td>
          <td style="width: 18pt; vertical-align: top; font-family: 'Times New Roman',Times,serif;">-</td>
          <td style="width: auto; vertical-align: top; font-family: 'Times New Roman',Times,serif;">
            <div>Each non-executive director is required to beneficially own Check Point securities equal to 5X the annual non-executive director cash retainer.</div>
          </td>
        </tr>

    </table>
    <div style="line-height: 1.25; font-family: 'Times New Roman',Times,serif;"><br style="line-height: 1.25;">
    </div>
    <table cellspacing="0" cellpadding="0" id="z5aa0e34454c346f797d7b70c211e26c0" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

        <tr>
          <td style="width: 36pt; font-family: 'Times New Roman',Times,serif;"><br>
          </td>
          <td style="width: 18pt; vertical-align: top; font-family: 'Times New Roman',Times,serif;">-</td>
          <td style="width: auto; vertical-align: top; font-family: 'Times New Roman',Times,serif;">
            <div>Check Point&#8217;s Chief Executive Officer is required to beneficially own Check Point securities equal to $4.5 million, which represents approximately 5X the median base salary of the CEOs of Check Point&#8217;s current peer company group (as listed
              in Item 4).</div>
          </td>
        </tr>

    </table>
    <div style="line-height: 1.25; font-family: 'Times New Roman',Times,serif;"><br style="line-height: 1.25;">
    </div>
    <table cellspacing="0" cellpadding="0" id="z03f9dd1dcb714eeb942b2b471bb72475" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

        <tr>
          <td style="width: 36pt; font-family: 'Times New Roman',Times,serif;"><br>
          </td>
          <td style="width: 18pt; vertical-align: top; font-family: 'Times New Roman',Times,serif;">-</td>
          <td style="width: auto; vertical-align: top; font-family: 'Times New Roman',Times,serif;">
            <div>Each Check Point executive officer (other the CEO) identified in Item 6A of Check Point&#8217;s Annual Report on Form 20-F is required to beneficially own Check Point securities equal to his or her annual base salary.</div>
          </td>
        </tr>

    </table>
    <div style="line-height: 1.25; font-family: 'Times New Roman',Times,serif;"><br style="line-height: 1.25;">
    </div>
    <div style="text-align: justify; text-indent: 36pt; line-height: 1.25; font-family: 'Times New Roman',Times,serif;">Each director and executive officer has a five year transition period to comply with the stock ownership
      guidelines.</div>
    <div style="line-height: 1.25; font-family: 'Times New Roman',Times,serif;">&#160;</div>
    <div style="text-align: center; line-height: 1.25; font-family: 'Times New Roman',Times,serif;">SHAREHOLDER PROPOSALS FOR 2024 ANNUAL GENERAL MEETING OF SHAREHOLDERS</div>
    <div style="line-height: 1.25; font-family: 'Times New Roman',Times,serif;">&#160;</div>
    <div style="text-align: justify; text-indent: 36pt; line-height: 1.25; font-family: 'Times New Roman', serif; font-size: 11pt;"><font style="font-family: 'Times New Roman',Times,serif; font-size: 10pt; color: rgb(0, 0, 0);">Under Israel&#8217;s
        Companies Law, shareholders who severally or jointly hold at least 1% of the company&#8217;s outstanding voting rights are entitled to request that the board of directors include a proposal in a future shareholders meeting, provided that such proposal is
        appropriate for consideration by shareholders at such meeting.&#160; To be considered for inclusion in the company&#8217;s proxy statement for our 2024 annual general meeting of shareholders pursuant to Israel&#8217;s Companies Law, shareholder proposals must be in
        writing and must be properly submitted to </font><font style="font-family: 'Times New Roman',Times,serif; font-size: 10pt;">5
        Shlomo Kaplan Street, Tel Aviv 6789159, Israel<font style="color: rgb(0, 0, 0);">, Attention: Corporate Secretary, and must otherwise comply with the requirements of Israel&#8217;s Companies Law.&#160; The written proposal must be received by Check Point not
          less than 90 calendar days prior to the first anniversary of the 2023 Annual General Meeting of Shareholders (i.e., no later than May 5, 2024; provided that if the date of the 2024 annual general meeting
          of shareholders is advanced by more than 30 calendar days prior to, or delayed (other than as a result of adjournment) by more than 30 calendar days after, the anniversary of the 2023 Annual General Meeting of Shareholders, for a proposal by a
          shareholder to be timely it must be so delivered not later than the 7th calendar day following the day on which we call and provide notice of the 2024 annual general meeting of shareholders).</font></font></div>
    <div style="line-height: 1.25; font-family: 'Times New Roman',Times,serif;">&#160;</div>
    <div style="text-align: justify; text-indent: 36pt; line-height: 1.25; color: rgb(0, 0, 0); font-family: 'Times New Roman',Times,serif;">We currently expect that the agenda for our annual general meeting of shareholders to be
      held in 2024 will include (1) the election (or reelection) of directors; (2) the ratification of the appointment (or reappointment) of our auditors; and (3) presentation and discussion of the financial statements of Check Point for the year ended
      December 31, 2023 and the auditors&#8217; report for this period.</div>
    <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" class="BRPFPageBreakArea">
      <div style="text-align: center;" class="BRPFPageNumberArea"><font style="color: #000000; font-weight: normal; font-style: normal;" class="BRPFPageNumber">20</font></div>
      <div style="page-break-after: always;" class="BRPFPageBreak">
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    </div>
    <div style="line-height: 1.25; font-family: 'Times New Roman',Times,serif;">&#160;</div>
    <div style="text-align: justify; text-indent: 36pt; line-height: 1.25; color: rgb(0, 0, 0); font-family: 'Times New Roman',Times,serif;">In general, a shareholder proposal must be in English and must set forth (i) the name,
      business address, telephone number, fax number and email address of the proposing shareholder (and each member of the group constituting the proposing shareholder, if applicable) and, if not a natural person, the same information with respect to the
      person(s) that controls or manages such person, (ii) the number of ordinary shares held by the proposing shareholder, directly or indirectly, including if beneficially owned by the proposing shareholder (within the meaning of Rule 13d-3 promulgated
      under the U.S. Securities Exchange Act of 1934, as amended (the &#8220;<font style="font-weight: bold; font-style: italic;">Exchange Act</font>&#8221;)); if any of such ordinary shares are held indirectly, an explanation of how they are held and by whom, and, if
      such proposing shareholder is not the holder of record of any such ordinary shares, a written statement from an authorized bank, broker, depository or other nominee, as the case may be, indicating the number of ordinary shares the proposing
      shareholder is entitled to vote as of a date that is no more than ten (10) days prior to the date of delivery of the shareholder proposal, (iii) any agreements, arrangements, understandings or relationships between the proposing shareholder and any
      other person with respect to any securities of the Company or the subject matter of the shareholder proposal, including any derivative, swap or other transaction or series of transactions engaged in, directly or indirectly, by such proposing
      shareholder, the purpose or effect of which is to give such proposing shareholder economic risk similar to ownership of shares of any class or series of the company, (iv) the proposing shareholder&#8217;s purpose in making the proposal, (v) the complete
      text of the resolution that the proposing shareholder proposes to be voted upon at the 2024 annual general meeting of shareholders, (vi) a statement of whether the proposing shareholder has a personal interest in the proposal and, if so, a
      description in reasonable detail of such personal interest, (vii) a declaration that all the information that is required under Israel&#8217;s Companies Law and any other applicable law to be provided to the company in connection with such subject, if any,
      has been provided, (viii) if the proposal is to nominate a candidate for election to the board of directors, a questionnaire and declaration, in form and substance reasonably requested by the company, signed by the nominee with respect to matters
      relating to his or her identity, address, background, credentials, expertise, etc., and his or her consent to be named as a candidate and, if elected, to serve on the board of directors, and (ix) any other information reasonably requested by the
      company.&#160; We shall be entitled to publish information provided by a proposing shareholder, and the proposing shareholder shall be responsible for the accuracy thereof.&#160; In addition, shareholder proposals must otherwise comply with applicable law and
      our Articles of Association.&#160; The company may disregard shareholder proposals that are not timely and validly submitted.</div>
    <div style="line-height: 1.25; font-family: 'Times New Roman',Times,serif;">&#160;</div>
    <div style="text-align: justify; text-indent: 36pt; line-height: 1.25; color: rgb(0, 0, 0); font-family: 'Times New Roman',Times,serif;">The information set forth in this section is, and should be construed, as a
      &#8220;pre-announcement notice&#8221; of the 2024 annual general meeting of shareholders in accordance with Rule 5C of Israel&#8217;s Companies Regulations (Notice of General and Class Meetings in a Public Company), 5760-2000, as amended.</div>
    <div style="line-height: 1.25; font-family: 'Times New Roman',Times,serif;">&#160;</div>
    <div style="text-align: center; line-height: 1.25; font-family: 'Times New Roman',Times,serif;">ADDITIONAL INFORMATION</div>
    <div style="line-height: 1.25; font-family: 'Times New Roman',Times,serif;">&#160;</div>
    <div style="text-align: justify; text-indent: 36pt; line-height: 1.25; font-family: 'Times New Roman', serif; font-size: 11pt;"><font style="font-family: 'Times New Roman',Times,serif; font-size: 10pt; color: rgb(0, 0, 0);">Check Point is
        subject to the information reporting requirements of the Exchange Act applicable to foreign private issuers.&#160; Check Point fulfills these requirements by filing reports with the U.S. Securities and Exchange Commission (the &#8220;</font><font style="font-family: 'Times New Roman',Times,serif; font-size: 10pt; font-weight: bold; font-style: italic; color: rgb(0, 0, 0);">SEC</font><font style="font-family: 'Times New Roman',Times,serif; font-size: 10pt; color: rgb(0, 0, 0);">&#8221;).&#160; Check Point&#8217;s SEC filings are available to the public on the SEC&#8217;s website at </font><font style="font-family: 'Times New Roman',Times,serif; font-size: 10pt;">www.sec.gov<font style="color: rgb(0, 0, 0);">. As a foreign
          private issuer, Check Point is exempt from the rules under the Exchange Act related to the furnishing and content of proxy statements.&#160; The circulation of this Proxy Statement should not be taken as an admission that Check Point is subject to
          those proxy rules.</font></font></div>
    <div style="line-height: 1.25; font-family: 'Times New Roman',Times,serif;">&#160;</div>
    <div style="line-height: 1.25; font-family: 'Times New Roman',Times,serif;">
      <table cellspacing="0" cellpadding="0" border="0" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; color: #000000; width: 100%;" id="z79cbbf11fc5044d9a74132541ce08895">

          <tr>
            <td style="width: 50.00%;">
              <div>&#160;</div>
            </td>
            <td style="width: 50%;">
              <div>
                <div style="text-align: left; line-height: 1.25;"><font style="font-family: 'Times New Roman',Times,serif; color: rgb(0, 0, 0);">By Order of the Board of Directors.<br>
                  </font><font style="font-family: 'Times New Roman',Times,serif;"><br style="line-height: 1.25;">
                  </font></div>
                <div style="text-align: left; line-height: 1.25; font-family: 'Times New Roman',serif; font-size: 11pt;"><font style="font-family: 'Times New Roman',Times,serif; font-size: 10pt;">/S/ JERRY UNGERMAN</font></div>
                <div style="text-align: left; line-height: 1.25; font-family: 'Times New Roman',Times,serif;"><br>
                  JERRY UNGERMAN</div>
                <div style="text-align: left; line-height: 1.25;"><font style="font-family: 'Times New Roman',Times,serif; font-style: italic; color: rgb(0, 0, 0);">Chairman of the Board of Directors</font><font style="font-family: 'Times New Roman',Times,serif;"><br style="line-height: 1.25;">
                  </font></div>
              </div>
            </td>
          </tr>

      </table>
    </div>
    <div style="line-height: 1.25; font-family: 'Times New Roman',Times,serif;"> <br>
    </div>
    <div style="line-height: 1.25; color: rgb(0, 0, 0); font-family: 'Times New Roman',Times,serif;">Dated: June 30, 2023</div>
    <div style="line-height: 1.25; font-family: 'Times New Roman',Times,serif;"><br style="line-height: 1.25;">
    </div>
    <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" class="BRPFPageBreakArea">
      <div style="text-align: center;" class="BRPFPageNumberArea"><font style="color: #000000; font-weight: normal; font-style: normal;" class="BRPFPageNumber">21</font></div>
      <div style="page-break-after: always;" class="BRPFPageBreak">
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    </div>
    <br>
    <div style="text-align: center; line-height: 1.25; font-family: 'Times New Roman',Times,serif; font-weight: bold;">SIGNATURES</div>
    <div style="line-height: 1.25; font-family: 'Times New Roman',Times,serif;">&#160;</div>
    <div style="line-height: 1.25; font-family: 'Times New Roman',Times,serif;">Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its
      behalf by the undersigned, thereunto duly organized.</div>
    <table cellspacing="0" cellpadding="0" border="0" id="zb91d720613d945a497f34ceb23a32b4f" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

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            <div style="line-height: 1.25;">&#160;</div>
          </td>
          <td style="width: 50%; vertical-align: bottom; font-family: 'Times New Roman',Times,serif;">
            <div style="line-height: 1.25;">&#160;</div>
          </td>
        </tr>
        <tr>
          <td style="width: 50%; vertical-align: top; font-family: 'Times New Roman',Times,serif;">
            <div style="line-height: 1.25;">&#160;</div>
          </td>
          <td style="vertical-align: top; width: 50%;" rowspan="1">
            <div style="text-indent: -29.4pt; margin-left: 29.4pt; line-height: 1.25; font-family: 'Times New Roman',Times,serif; font-variant: small-caps;">Check Point Software Technologies Ltd.</div>
          </td>
        </tr>
        <tr>
          <td style="width: 50%; vertical-align: top; font-family: 'Times New Roman',Times,serif;" rowspan="1">&#160;</td>
          <td style="width: 50%; vertical-align: top;" rowspan="1">&#160;</td>
        </tr>
        <tr>
          <td style="width: 50%; vertical-align: middle; font-family: 'Times New Roman',Times,serif;">
            <div style="line-height: 1.25;">&#160;</div>
          </td>
          <td style="width: 50%; vertical-align: middle; font-family: 'Times New Roman',Times,serif;">
            <div style="line-height: 1.25;"><u>/s/ Shira Yashar</u></div>
          </td>
        </tr>
        <tr>
          <td style="width: 50%; vertical-align: top; font-family: 'Times New Roman',Times,serif;">
            <div style="line-height: 1.25;">&#160;</div>
          </td>
          <td style="width: 50%; vertical-align: top; font-family: 'Times New Roman',Times,serif;">
            <div style="line-height: 1.25;">Shira Yashar</div>
          </td>
        </tr>
        <tr>
          <td style="width: 50%; vertical-align: top; font-family: 'Times New Roman',Times,serif;">
            <div style="line-height: 1.25;">&#160;</div>
          </td>
          <td style="width: 50%; vertical-align: top; font-family: 'Times New Roman',Times,serif;">
            <div style="line-height: 1.25; font-style: italic;">VP, General Counsel</div>
          </td>
        </tr>

    </table>
    <div style="line-height: 1.25; font-family: 'Times New Roman',Times,serif;"> <br>
    </div>
    <div style="line-height: 1.25; font-family: 'Times New Roman',Times,serif;">Dated: June 30, 2023</div>
    <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" class="BRPFPageBreakArea">
      <div style="text-align: center;" class="BRPFPageNumberArea"><font style="color: #000000; font-weight: normal; font-style: normal;" class="BRPFPageNumber">22</font></div>
      <div style="page-break-after: always;" class="BRPFPageBreak">
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    </div>
    <div style="line-height: 1.25; font-family: 'Times New Roman',Times,serif;">&#160;
      <div style="line-height: 1.25;">
        <table cellspacing="0" cellpadding="0" border="0" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; color: #000000; width: 100%;" id="zeb9b1357eeb0489daf4d0accd975c821">

            <tr>
              <td style="width: 50.00%;" rowspan="1">&#160;</td>
              <td style="width: 50.00%;" rowspan="1">
                <div style="line-height: 1.25; font-family: 'Times New Roman',Times,serif;"><img src="image00005.jpg"></div>
              </td>
            </tr>
            <tr>
              <td style="width: 50%; text-align: left; vertical-align: top;">
                <div>
                  <div style="line-height: 1.25; color: rgb(35, 31, 32); font-family: 'Times New Roman',Times,serif; font-style: italic;">CHECK POINT SOFTWARE TECHNOLOGIES LTD. </div>
                  <div style="line-height: 1.25; color: rgb(35, 31, 32); font-family: 'Times New Roman',Times,serif; font-style: italic;">ATTN: LEGAL DEPARTMENT</div>
                  <div style="line-height: 1.25; color: rgb(35, 31, 32); font-family: 'Times New Roman',Times,serif; font-style: italic;">5 SHLOMO KAPLAN STREET </div>
                  <div style="line-height: 1.25; color: rgb(35, 31, 32); font-family: 'Times New Roman',Times,serif; font-style: italic;">TEL AVIV 6789159, ISRAEL</div>
                </div>
              </td>
              <td style="width: 50%;">
                <div>&#160;
                  <div style="text-align: justify; line-height: 1.25; color: rgb(35, 31, 32); font-family: Calibri,sans-serif; font-size: 7pt;"><font style="font-family: 'Times New Roman',Times,serif; font-size: 10pt; font-weight: bold;">VOTE BY
                      INTERNET -&#160;<u>www.proxyvote.com</u>&#160;or scan the QR Barcode above </font><font style="font-family: 'Times New Roman',Times,serif; font-size: 10pt;">Use the
                      Internet to transmit your voting instructions and for electronic delivery of information up until 11:59 P.M. Eastern Time the day before the cut-off date or meeting date. Have your proxy card in hand when you access the web site and
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              <div style="line-height: 1.25; color: rgb(35, 31, 32); font-family: 'Times New Roman'; font-size: 9pt; font-weight: bold;">CHECK POINT SOFTWARE TECHNOLOGIES LTD.</div>
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                  <tr>
                    <td style="width: 2.5%; font-family: 'Times New Roman'; font-size: 9pt;" rowspan="1">&#160;</td>
                    <td style="font-family: 'Times New Roman'; font-size: 9pt;" rowspan="1" colspan="3">
                      <div style="text-align: justify; line-height: 1.25;"><font style="font-weight: bold; color: rgb(33, 29, 30);">The Board of Directors recommends you vote FOR the following proposals:</font></div>
                    </td>
                    <td style="width: 5%; font-family: 'Times New Roman'; font-size: 9pt;" rowspan="1">&#160;</td>
                    <td style="width: 5%; font-family: 'Times New Roman'; font-size: 9pt;" rowspan="1">&#160;</td>
                    <td style="width: 5%; font-family: 'Times New Roman'; font-size: 9pt;" rowspan="1">&#160;</td>
                    <td style="width: 2.5%; font-family: 'Times New Roman'; font-size: 9pt;" rowspan="1">&#160;</td>
                    <td style="width: 2.5%; font-family: 'Times New Roman'; font-size: 9pt;" rowspan="1">&#160;</td>
                    <td style="width: 35%; font-family: 'Times New Roman'; font-size: 9pt;" rowspan="1">&#160;</td>
                    <td style="width: 5%; font-family: 'Times New Roman'; font-size: 9pt;" rowspan="1">&#160;</td>
                    <td style="width: 5%; font-family: 'Times New Roman'; font-size: 9pt;" rowspan="1">&#160;</td>
                    <td style="width: 5%; font-family: 'Times New Roman'; font-size: 9pt; border-right: 2px solid rgb(0, 0, 0); border-top: 2px solid rgb(0, 0, 0);" rowspan="1">&#160;</td>
                    <td style="width: 2.5%; font-family: 'Times New Roman'; font-size: 9pt;" rowspan="1">&#160;</td>
                  </tr>
                  <tr>
                    <td style="width: 2.5%; font-family: 'Times New Roman'; font-size: 9pt;" rowspan="1">&#160;</td>
                    <td style="width: 2%; font-family: 'Times New Roman'; font-size: 9pt; text-align: left; vertical-align: top;" rowspan="1">1.</td>
                    <td style="font-size: 9pt; font-family: 'Times New Roman';" rowspan="1" colspan="2">
                      <div>
                        <div style="text-align: left; line-height: 1.25; color: rgb(35, 31, 32);">Election of Directors</div>
                      </div>
                    </td>
                    <td style="width: 5%; font-family: 'Times New Roman'; font-size: 9pt;" rowspan="1">&#160;</td>
                    <td style="width: 5%; font-family: 'Times New Roman'; font-size: 9pt;" rowspan="1">&#160;</td>
                    <td style="width: 5%; font-family: 'Times New Roman'; font-size: 9pt;" rowspan="1">&#160;</td>
                    <td style="width: 2.5%; font-family: 'Times New Roman'; font-size: 9pt;" rowspan="1">&#160;</td>
                    <td style="width: 2.5%; font-family: 'Times New Roman'; font-size: 9pt;" rowspan="1">&#160;</td>
                    <td style="width: 35%; font-family: 'Times New Roman'; font-size: 9pt;" rowspan="1">&#160;</td>
                    <td style="width: 5%; font-family: 'Times New Roman'; font-size: 9pt;" rowspan="1">&#160;</td>
                    <td style="width: 5%; font-family: 'Times New Roman'; font-size: 9pt;" rowspan="1">&#160;</td>
                    <td style="width: 5%; font-family: 'Times New Roman'; font-size: 9pt; border-right: 2px solid rgb(0, 0, 0);" rowspan="1">&#160;</td>
                    <td style="width: 2.5%; font-family: 'Times New Roman'; font-size: 9pt;" rowspan="1">&#160;</td>
                  </tr>
                  <tr>
                    <td style="width: 2.5%; font-family: 'Times New Roman'; font-size: 9pt;">
                      <div>&#160;</div>
                    </td>
                    <td style="width: 2%; font-family: 'Times New Roman'; font-size: 9pt;">
                      <div>&#160;</div>
                    </td>
                    <td style="font-size: 9pt; font-family: 'Times New Roman';" rowspan="1" colspan="2">
                      <div>
                        <div style="text-align: left; line-height: 1.25; color: rgb(35, 31, 32); font-weight: bold;">NOMINEES:</div>
                      </div>
                    </td>
                    <td style="width: 5%; font-family: 'Times New Roman'; font-size: 9pt;">
                      <div>
                        <div style="text-align: center;"><font style="font-weight: bold;">For</font><br>
                        </div>
                      </div>
                    </td>
                    <td style="width: 5%; font-family: 'Times New Roman'; font-size: 9pt; font-weight: bold;">
                      <div>
                        <div style="text-align: center;">Against</div>
                      </div>
                    </td>
                    <td style="width: 5%; font-family: 'Times New Roman'; font-size: 9pt; font-weight: bold;">
                      <div>
                        <div style="text-align: center;">Abstain</div>
                      </div>
                    </td>
                    <td style="width: 2.5%; font-family: 'Times New Roman'; font-size: 9pt;">
                      <div>&#160;</div>
                    </td>
                    <td style="width: 2.5%; font-family: 'Times New Roman'; font-size: 9pt;"><br>
                    </td>
                    <td style="width: 35%; font-family: 'Times New Roman'; font-size: 9pt;">
                      <div>&#160;</div>
                    </td>
                    <td style="width: 5%; font-family: 'Times New Roman'; font-size: 9pt;">
                      <div>&#160;</div>
                    </td>
                    <td style="width: 5%; font-family: 'Times New Roman'; font-size: 9pt;">
                      <div>&#160;</div>
                    </td>
                    <td style="width: 5%; font-family: 'Times New Roman'; font-size: 9pt;">
                      <div>&#160;</div>
                    </td>
                    <td style="width: 2.5%; font-family: 'Times New Roman'; font-size: 9pt;">
                      <div>&#160;</div>
                    </td>
                  </tr>
                  <tr>
                    <td style="width: 2.5%; font-family: 'Times New Roman'; font-size: 9pt;">
                      <div>&#160;</div>
                    </td>
                    <td style="width: 2%; font-family: 'Times New Roman'; font-size: 9pt;">
                      <div>&#160;</div>
                    </td>
                    <td style="width: 2%; font-family: 'Times New Roman'; font-size: 9pt; text-align: left; vertical-align: top;">1a.<br>
                    </td>
                    <td style="width: 23%; font-family: 'Times New Roman'; font-size: 9pt; text-align: left; vertical-align: top;">
                      <div>
                        <div style="line-height: 1.25;">Gil Shwed</div>
                      </div>
                    </td>
                    <td style="width: 5%; font-family: 'Times New Roman'; font-size: 9pt; text-align: center; vertical-align: top; font-weight: bold;">&#9744;</td>
                    <td style="width: 5%; font-family: 'Times New Roman'; font-size: 9pt; text-align: center; vertical-align: top; font-weight: bold;">&#9744;</td>
                    <td style="width: 5%; font-family: 'Times New Roman'; font-size: 9pt; text-align: center; vertical-align: top; font-weight: bold;">&#9744;</td>
                    <td style="width: 2.5%; font-family: 'Times New Roman'; font-size: 9pt;">
                      <div>&#160;</div>
                    </td>
                    <td style="width: 2.5%; font-family: 'Times New Roman'; font-size: 9pt;">
                      <div>&#160;</div>
                    </td>
                    <td style="width: 35%; font-family: 'Times New Roman'; font-size: 9pt;">
                      <div>&#160;</div>
                    </td>
                    <td style="width: 5%; font-family: 'Times New Roman'; font-size: 9pt;">
                      <div>&#160;</div>
                    </td>
                    <td style="width: 5%; font-family: 'Times New Roman'; font-size: 9pt;">
                      <div>&#160;</div>
                    </td>
                    <td style="width: 5%; font-family: 'Times New Roman'; font-size: 9pt;">
                      <div>&#160;</div>
                    </td>
                    <td style="width: 2.5%; font-family: 'Times New Roman'; font-size: 9pt;">
                      <div>&#160;</div>
                    </td>
                  </tr>
                  <tr>
                    <td style="width: 2.5%; font-family: 'Times New Roman'; font-size: 9pt;">
                      <div>&#160;</div>
                    </td>
                    <td style="width: 2%; font-family: 'Times New Roman'; font-size: 9pt;">
                      <div>&#160;</div>
                    </td>
                    <td style="width: 2%; font-family: 'Times New Roman'; font-size: 9pt;">
                      <div>&#160;</div>
                    </td>
                    <td style="width: 23%; font-family: 'Times New Roman'; font-size: 9pt; text-align: left; vertical-align: top;">
                      <div>&#160;</div>
                    </td>
                    <td style="width: 5%; font-family: 'Times New Roman'; font-size: 9pt; text-align: center; vertical-align: top; font-weight: bold;"><br>
                    </td>
                    <td style="width: 5%; font-family: 'Times New Roman'; font-size: 9pt; text-align: center; vertical-align: top;">
                      <div style="font-weight: bold;">&#160;</div>
                    </td>
                    <td style="width: 5%; font-family: 'Times New Roman'; font-size: 9pt; text-align: center; vertical-align: top;">
                      <div style="font-weight: bold;">&#160;</div>
                    </td>
                    <td style="width: 2.5%; font-family: 'Times New Roman'; font-size: 9pt;">
                      <div>&#160;</div>
                    </td>
                    <td style="width: 2.5%; font-family: 'Times New Roman'; font-size: 9pt;">
                      <div>&#160;</div>
                    </td>
                    <td style="width: 35%; font-family: 'Times New Roman'; font-size: 9pt;">
                      <div>&#160;</div>
                    </td>
                    <td style="width: 5%; font-family: 'Times New Roman'; font-size: 9pt;">
                      <div>&#160;</div>
                    </td>
                    <td style="width: 5%; font-family: 'Times New Roman'; font-size: 9pt;">
                      <div>&#160;</div>
                    </td>
                    <td style="width: 5%; font-family: 'Times New Roman'; font-size: 9pt;">
                      <div>&#160;</div>
                    </td>
                    <td style="width: 2.5%; font-family: 'Times New Roman'; font-size: 9pt;">
                      <div>&#160;</div>
                    </td>
                  </tr>
                  <tr>
                    <td style="width: 2.5%; font-family: 'Times New Roman'; font-size: 9pt;">
                      <div>&#160;</div>
                    </td>
                    <td style="width: 2%; font-family: 'Times New Roman'; font-size: 9pt;">
                      <div>&#160;</div>
                    </td>
                    <td style="width: 2%; font-family: 'Times New Roman'; font-size: 9pt; text-align: left; vertical-align: top;">1b.<br>
                    </td>
                    <td style="width: 23%; font-family: 'Times New Roman'; font-size: 9pt; text-align: left; vertical-align: top;">
                      <div>
                        <div style="text-indent: -18pt; margin-left: 18pt; line-height: 1.25; color: rgb(0, 0, 0);">Jerry Ungerman</div>
                      </div>
                    </td>
                    <td style="width: 5%; font-family: 'Times New Roman'; font-size: 9pt; text-align: center; vertical-align: top;">
                      <div style="font-weight: bold;">&#9744;</div>
                    </td>
                    <td style="width: 5%; font-family: 'Times New Roman'; font-size: 9pt; text-align: center; vertical-align: top;">
                      <div style="font-weight: bold;">&#9744;</div>
                    </td>
                    <td style="width: 5%; font-family: 'Times New Roman'; font-size: 9pt; text-align: center; vertical-align: top;">
                      <div style="font-weight: bold;">&#9744;</div>
                    </td>
                    <td style="width: 2.5%; font-family: 'Times New Roman'; font-size: 9pt;">
                      <div>&#160;</div>
                    </td>
                    <td style="width: 2.5%; font-family: 'Times New Roman'; font-size: 9pt;">
                      <div>&#160;</div>
                    </td>
                    <td style="width: 35%; font-family: 'Times New Roman'; font-size: 9pt;">
                      <div>&#160;</div>
                    </td>
                    <td style="width: 5%; font-family: 'Times New Roman'; font-size: 9pt;">
                      <div>
                        <div>
                          <div style="text-align: center;"><font style="font-weight: bold;">For</font><br>
                          </div>
                        </div>
                      </div>
                    </td>
                    <td style="width: 5%; font-family: 'Times New Roman'; font-size: 9pt; font-weight: bold;">
                      <div>
                        <div>
                          <div style="text-align: center;">Against</div>
                        </div>
                      </div>
                    </td>
                    <td style="width: 5%; font-family: 'Times New Roman'; font-size: 9pt; font-weight: bold;">
                      <div>
                        <div>
                          <div style="text-align: center;">Abstain</div>
                        </div>
                      </div>
                    </td>
                    <td style="width: 2.5%; font-family: 'Times New Roman'; font-size: 9pt;">
                      <div>&#160;</div>
                    </td>
                  </tr>
                  <tr>
                    <td style="width: 2.5%; font-family: 'Times New Roman'; font-size: 9pt;">
                      <div>&#160;</div>
                    </td>
                    <td style="width: 2%; font-family: 'Times New Roman'; font-size: 9pt;">
                      <div>&#160;</div>
                    </td>
                    <td style="width: 2%; font-family: 'Times New Roman'; font-size: 9pt;">
                      <div>&#160;</div>
                    </td>
                    <td style="width: 23%; font-family: 'Times New Roman'; font-size: 9pt; text-align: left; vertical-align: top;">
                      <div>&#160;</div>
                    </td>
                    <td style="width: 5%; font-family: 'Times New Roman'; font-size: 9pt; text-align: center; vertical-align: top; font-weight: bold;"><br>
                    </td>
                    <td style="width: 5%; font-family: 'Times New Roman'; font-size: 9pt; text-align: center; vertical-align: top; font-weight: bold;"><br>
                    </td>
                    <td style="width: 5%; font-family: 'Times New Roman'; font-size: 9pt; text-align: center; vertical-align: top; font-weight: bold;"><br>
                    </td>
                    <td style="width: 2.5%; font-family: 'Times New Roman'; font-size: 9pt;"><br>
                    </td>
                    <td style="width: 2.5%; font-family: 'Times New Roman'; font-size: 9pt;"><br>
                    </td>
                    <td style="width: 35%; font-family: 'Times New Roman'; font-size: 9pt;">
                      <div>&#160;</div>
                    </td>
                    <td style="width: 5%; font-family: 'Times New Roman'; font-size: 9pt;">
                      <div>&#160;</div>
                    </td>
                    <td style="width: 5%; font-family: 'Times New Roman'; font-size: 9pt;">
                      <div>&#160;</div>
                    </td>
                    <td style="width: 5%; font-family: 'Times New Roman'; font-size: 9pt;">
                      <div>&#160;</div>
                    </td>
                    <td style="width: 2.5%; font-family: 'Times New Roman'; font-size: 9pt;">
                      <div>&#160;</div>
                    </td>
                  </tr>
                  <tr>
                    <td style="width: 2.5%; font-family: 'Times New Roman'; font-size: 9pt;">
                      <div>&#160;</div>
                    </td>
                    <td style="width: 2%; font-family: 'Times New Roman'; font-size: 9pt;">
                      <div>&#160;</div>
                    </td>
                    <td style="width: 2%; font-family: 'Times New Roman'; font-size: 9pt; text-align: left; vertical-align: top;">1c.<br>
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                    <td style="width: 23%; font-family: 'Times New Roman'; font-size: 9pt; text-align: left; vertical-align: top;">
                      <div>
                        <div style="text-indent: -18pt; margin-left: 18pt; line-height: 1.25; color: rgb(0, 0, 0);">Tzipi Ozer-Armon</div>
                      </div>
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                    <td style="width: 5%; font-family: 'Times New Roman'; font-size: 9pt; text-align: center; vertical-align: top; font-weight: bold;">&#9744;</td>
                    <td style="width: 5%; font-family: 'Times New Roman'; font-size: 9pt; text-align: center; vertical-align: top;">
                      <div style="font-weight: bold;">&#9744;</div>
                    </td>
                    <td style="width: 5%; font-family: 'Times New Roman'; font-size: 9pt; text-align: center; vertical-align: top; font-weight: bold;">&#9744;</td>
                    <td style="width: 2.5%; font-family: 'Times New Roman'; font-size: 9pt;">
                      <div>&#160;</div>
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                    <td style="width: 2.5%; font-family: 'Times New Roman'; font-size: 9pt; text-align: left; vertical-align: top;">4.<br>
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                    <td style="width: 35%;" rowspan="1">
                      <div style="text-align: justify; line-height: 1.25; font-family: Frutiger,Frutiger,sans-serif; font-size: 7pt;"><font style="font-family: 'Times New Roman'; font-size: 9pt; color: rgb(0, 0, 0);">To approve compensation to
                          Check Point's Chief Executive </font><font style="font-family: 'Times New Roman'; font-size: 9pt; color: rgb(33, 29, 30);">Officer.</font></div>
                    </td>
                    <td style="width: 5%; font-family: 'Times New Roman'; font-size: 9pt; text-align: center; vertical-align: top;">
                      <div style="font-weight: bold;">&#9744;</div>
                    </td>
                    <td style="width: 5%; font-family: 'Times New Roman'; font-size: 9pt; text-align: center; vertical-align: top;">
                      <div style="font-weight: bold;">&#9744;</div>
                    </td>
                    <td style="width: 5%; font-family: 'Times New Roman'; font-size: 9pt; text-align: center; vertical-align: top;">
                      <div style="font-weight: bold;">&#9744;</div>
                    </td>
                    <td style="width: 2.5%; font-family: 'Times New Roman'; font-size: 9pt;">
                      <div>&#160;</div>
                    </td>
                  </tr>
                  <tr>
                    <td style="width: 2.5%; font-family: 'Times New Roman'; font-size: 9pt;">
                      <div>&#160;</div>
                    </td>
                    <td style="width: 2%; font-family: 'Times New Roman'; font-size: 9pt;">
                      <div>&#160;</div>
                    </td>
                    <td style="width: 2%; font-family: 'Times New Roman'; font-size: 9pt;">
                      <div>&#160;</div>
                    </td>
                    <td style="width: 23%; font-family: 'Times New Roman'; font-size: 9pt; text-align: left; vertical-align: top;">
                      <div>&#160;</div>
                    </td>
                    <td style="width: 5%; font-family: 'Times New Roman'; font-size: 9pt; text-align: center; vertical-align: top; font-weight: bold;"><br>
                    </td>
                    <td style="width: 5%; font-family: 'Times New Roman'; font-size: 9pt; text-align: center; vertical-align: top; font-weight: bold;"><br>
                    </td>
                    <td style="width: 5%; font-family: 'Times New Roman'; font-size: 9pt; text-align: center; vertical-align: top;">
                      <div style="font-weight: bold;">&#160;</div>
                    </td>
                    <td style="width: 2.5%; font-family: 'Times New Roman'; font-size: 9pt;">
                      <div>&#160;</div>
                    </td>
                    <td style="width: 2.5%; font-family: 'Times New Roman'; font-size: 9pt;">
                      <div>&#160;</div>
                    </td>
                    <td style="width: 35%; font-family: 'Times New Roman'; font-size: 9pt;">
                      <div>&#160;</div>
                    </td>
                    <td style="width: 5%; font-family: 'Times New Roman'; font-size: 9pt; text-align: center; vertical-align: top;">
                      <div style="font-weight: bold;">&#160;</div>
                    </td>
                    <td style="width: 5%; font-family: 'Times New Roman'; font-size: 9pt; text-align: center; vertical-align: top;">
                      <div style="font-weight: bold;">&#160;</div>
                    </td>
                    <td style="width: 5%; font-family: 'Times New Roman'; font-size: 9pt; text-align: center; vertical-align: top;">
                      <div style="font-weight: bold;">&#160;</div>
                    </td>
                    <td style="width: 2.5%; font-family: 'Times New Roman'; font-size: 9pt;">
                      <div>&#160;</div>
                    </td>
                  </tr>
                  <tr>
                    <td style="width: 2.5%; font-family: 'Times New Roman'; font-size: 9pt;">
                      <div>&#160;</div>
                    </td>
                    <td style="width: 2%; font-family: 'Times New Roman'; font-size: 9pt;">
                      <div>&#160;</div>
                    </td>
                    <td style="width: 2%; font-family: 'Times New Roman'; font-size: 9pt; text-align: left; vertical-align: top;">1d.<br>
                    </td>
                    <td style="width: 23%; font-family: 'Times New Roman'; font-size: 9pt; text-align: left; vertical-align: top;">
                      <div>
                        <div style="text-indent: -18pt; margin-left: 18pt; line-height: 1.25; color: rgb(0, 0, 0);">Dr. Tal Shavit</div>
                      </div>
                    </td>
                    <td style="width: 5%; font-family: 'Times New Roman'; font-size: 9pt; text-align: center; vertical-align: top; font-weight: bold;">&#9744;</td>
                    <td style="width: 5%; font-family: 'Times New Roman'; font-size: 9pt; text-align: center; vertical-align: top;">
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                    </td>
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                      <div>&#160;</div>
                    </td>
                    <td style="width: 2.5%; font-family: 'Times New Roman'; font-size: 9pt; text-align: left; vertical-align: top;">5.<br>
                    </td>
                    <td style="width: 35%;">
                      <div>
                        <div style="text-align: justify; line-height: 1.25; font-family: Frutiger,Frutiger,sans-serif; font-size: 7pt;"><font style="font-family: 'Times New Roman'; font-size: 9pt; color: rgb(0, 0, 0);">To amend compensation
                            arrangement of non-executive </font><font style="font-family: 'Times New Roman'; font-size: 9pt; color: rgb(33, 29, 30);">directors.</font></div>
                      </div>
                    </td>
                    <td style="width: 5%; font-family: 'Times New Roman'; font-size: 9pt; text-align: center; vertical-align: top;">
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                    </td>
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                    </td>
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                    </td>
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                    </td>
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                    </td>
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                    </td>
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                      <div>&#160;</div>
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                    <td style="width: 2%; font-family: 'Times New Roman'; font-size: 9pt; text-align: left; vertical-align: top;">1e.<br>
                    </td>
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                      <div>
                        <div style="text-indent: -18pt; margin-left: 18pt; line-height: 1.25; color: rgb(0, 0, 0);">Jill D. Smith</div>
                      </div>
                    </td>
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                    <td style="width: 2%; font-family: 'Times New Roman'; font-size: 9pt; text-align: left; vertical-align: top;">1f.<br>
                    </td>
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                      <div>
                        <div style="text-indent: -18pt; margin-left: 18pt; line-height: 1.25; color: rgb(0, 0, 0);">Shai Weiss</div>
                      </div>
                    </td>
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                    </td>
                    <td style="width: 2.5%; font-family: 'Times New Roman'; font-size: 9pt; text-align: left; vertical-align: top;">6a.</td>
                    <td style="width: 35%;">
                      <div>
                        <div style="text-align: justify; line-height: 1.25; font-family: Frutiger,Frutiger,sans-serif; font-size: 7pt;">
                          <div>
                            <div style="line-height: 1.25;"><font style="font-family: 'Times New Roman'; font-size: 9pt; color: rgb(0, 0, 0);">The undersigned is not
                                a controlling shareholder and does </font><font style="font-family: 'Times New Roman'; font-size: 9pt; color: rgb(33, 29, 30);">not have a personal interest in item 2</font></div>
                          </div>
                        </div>
                      </div>
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                    </td>
                    <td style="width: 5%; font-family: 'Times New Roman'; font-size: 9pt;">
                      <div style="font-weight: bold;">
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                    </td>
                    <td style="width: 5%; font-family: 'Times New Roman'; font-size: 9pt; font-weight: bold;">
                      <div>
                        <div>
                          <div style="text-align: center;">Abstain</div>
                        </div>
                      </div>
                    </td>
                    <td style="width: 2.5%; font-family: 'Times New Roman'; font-size: 9pt;">
                      <div>&#160;</div>
                    </td>
                    <td style="width: 2.5%; font-family: 'Times New Roman'; font-size: 9pt; text-align: left; vertical-align: top;">
                      <div>6b.</div>
                    </td>
                    <td style="width: 35%; font-family: 'Times New Roman',Times,serif; font-size: 9pt;">
                      <div>
                        <div>
                          <div style="text-align: justify; line-height: 1.25; font-family: Frutiger,Frutiger,sans-serif; font-size: 7pt;"><font style="font-family: 'Times New Roman'; font-size: 9pt; color: rgb(0, 0, 0);">The undersigned is not a
                              controlling shareholder and does </font><font style="font-family: 'Times New Roman'; font-size: 9pt; color: rgb(33, 29, 30);">not have a personal interest in item 4.</font></div>
                        </div>
                      </div>
                    </td>
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                    </td>
                    <td style="width: 2%; font-family: 'Times New Roman'; font-size: 9pt; text-align: left; vertical-align: top;">2.<br>
                    </td>
                    <td style="font-family: 'Times New Roman'; font-size: 9pt;" rowspan="1" colspan="2">
                      <div style="text-align: justify; line-height: 1.25; color: rgb(0, 0, 0);">Election of Ray Rothrock as Outside Director.</div>
                    </td>
                    <td style="width: 5%; font-family: 'Times New Roman'; font-size: 9pt; text-align: center; vertical-align: top;">
                      <div style="font-weight: bold;">&#9744;</div>
                    </td>
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                    </td>
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                    <td style="width: 2%; text-align: left; vertical-align: top; font-size: 9pt; font-family: 'Times New Roman';">3.<br>
                    </td>
                    <td rowspan="1" colspan="2">
                      <div style="text-align: justify; line-height: 1.25; font-family: 'Times New Roman'; font-size: 9pt;"><font style="color: rgb(0, 0, 0);">To ratify the appointment and
                          compensation of Kost, </font><font style="color: rgb(33, 29, 30);">Forer, Gabbay &amp; Kasierer, a member of Ernst &amp; Young Global, as our independent registered public
                          accounting firm for 2023.</font></div>
                    </td>
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                    <td style="width: 35%; font-size: 9pt; font-family: 'Times New Roman';" rowspan="1">&#160;</td>
                    <td style="width: 5%; font-size: 9pt; font-family: 'Times New Roman';" rowspan="1">&#160;</td>
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      <div style="text-align: center; margin-right: 159pt; margin-left: 158.05pt; line-height: 1.25; color: rgb(35, 31, 32);">Annual General Meeting of Shareholders of</div>
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      <div style="text-align: center; margin-right: 159pt; margin-left: 158.1pt; line-height: 1.25; color: rgb(35, 31, 32);">CHECK POINT SOFTWARE TECHNOLOGIES LTD. </div>
      <div style="text-align: center; margin-right: 159pt; margin-left: 158.1pt; line-height: 1.25; color: rgb(35, 31, 32);">AUGUST 3, 2023</div>
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      <div style="text-align: center; margin-right: 65.65pt; margin-left: 64.8pt; line-height: 1.25; color: rgb(35, 31, 32);">Please date, sign and mail your proxy card in the envelope
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      <div style="text-align: center; text-indent: 0.1pt; margin-right: 71.6pt; margin-left: 70.5pt; line-height: 1.25; color: rgb(35, 31, 32); font-weight: bold;">principal executive
        offices at the address that appears on the reverse side of this</div>
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      <div style="text-align: center; text-indent: 0.1pt; margin-right: 71.6pt; margin-left: 70.5pt; line-height: 1.25; color: rgb(35, 31, 32); font-weight: bold;">AUGUST 3, 2023 at
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      <div style="text-align: center; margin-right: 65.65pt; margin-left: 64.8pt; line-height: 1.25; color: rgb(35, 31, 32); font-weight: bold;">Important Notice Regarding the
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      <div style="text-align: center; margin-right: 159pt; margin-left: 158.15pt; line-height: 1.25; color: rgb(35, 31, 32);">The Proxy Statement is available at www.proxyvote.com.</div>
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      <div style="text-align: right; line-height: 1.25; color: rgb(35, 31, 32);">V20313-P96659&#160;&#160;&#160;&#160;&#160;&#160;&#160; <br>
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            <div style="text-align: center; line-height: 1.25; color: rgb(35, 31, 32); font-weight: bold;">CHECK POINT SOFTWARE TECHNOLOGIES LTD.</div>
            <div style="text-align: center; line-height: 1.25; color: rgb(35, 31, 32); font-weight: bold;">THIS PROXY IS SOLICITED ON BEHALF OF THE BOARD OF DIRECTORS FOR USE AT </div>
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            <div style="text-align: justify; text-indent: 12pt; margin-right: 23.8pt; margin-left: 23pt; line-height: 1.25; color: rgb(35, 31, 32);">The undersigned shareholder of Check
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              Point that the undersigned is entitled to vote at Check Point's Annual General Meeting of Shareholders to be held at Check Point's principal executive offices at 5&#160; Shlomo Kaplan Street, Tel&#160; Aviv 6789159, Israel,&#160; on Thursday, August 3,
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            <div style="text-align: justify; text-indent: 12pt; margin-right: 23.8pt; margin-left: 23pt; line-height: 1.25; color: rgb(35, 31, 32);">The undersigned hereby acknowledges
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end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
