<SEC-DOCUMENT>0001178913-20-001912.txt : 20200701
<SEC-HEADER>0001178913-20-001912.hdr.sgml : 20200701
<ACCEPTANCE-DATETIME>20200701062835
ACCESSION NUMBER:		0001178913-20-001912
CONFORMED SUBMISSION TYPE:	6-K
PUBLIC DOCUMENT COUNT:		3
CONFORMED PERIOD OF REPORT:	20200701
FILED AS OF DATE:		20200701
DATE AS OF CHANGE:		20200701

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			TAT TECHNOLOGIES LTD
		CENTRAL INDEX KEY:			0000808439
		STANDARD INDUSTRIAL CLASSIFICATION:	AIRCRAFT ENGINES & ENGINE PARTS [3724]
		IRS NUMBER:				000000000
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		6-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-16050
		FILM NUMBER:		201003939

	BUSINESS ADDRESS:	
		STREET 1:		P.O. BOX 80
		CITY:			GEDERA ISRAEL
		STATE:			L3
		ZIP:			70750
		BUSINESS PHONE:		2127025962

	MAIL ADDRESS:	
		STREET 1:		P.O. BOX 80
		STREET 2:		445 PARK AVE SUMMIT ROVINS & FELDESMAN
		CITY:			GEDERA 70750 ISRAEL
		STATE:			L3

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	GALAGRAPH LIMITED
		DATE OF NAME CHANGE:	19920609
</SEC-HEADER>
<DOCUMENT>
<TYPE>6-K
<SEQUENCE>1
<FILENAME>zk2024621.htm
<DESCRIPTION>6-K
<TEXT>
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    <div style="text-align: center; line-height: 1.25; font-family: 'Times New Roman',Times,serif; font-size: 14pt; font-weight: bold;">SECURITIES AND EXCHANGE COMMISSION</div>
    <div style="text-align: center; line-height: 1.25; font-family: 'Times New Roman',Times,serif; font-weight: bold;"> Washington, D.C.&#160; 20549</div>
    <div style="text-align: center; line-height: 1.25; font-family: 'Times New Roman',Times,serif; font-weight: bold;"> <br>
      <hr align="center" style="height: 1px; width: 20%; color: #000000; background-color: #000000; margin-left: auto; margin-right: auto; border: none;">
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    <div style="text-align: center; line-height: 1.25; font-family: 'Times New Roman',Times,serif; font-size: 14pt; font-weight: bold;">F O R M 6-K</div>
    <div style="line-height: 1.25;"><br style="line-height: 1.25;">
    </div>
    <div style="text-align: center; line-height: 1.25; font-family: 'Times New Roman',Times,serif; font-weight: bold;">REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 </div>
    <div style="text-align: center; line-height: 1.25; font-family: 'Times New Roman',Times,serif; font-weight: bold;">UNDER THE SECURITIES EXCHANGE ACT OF 1934</div>
    <div style="line-height: 1.25;"><br style="line-height: 1.25;">
    </div>
    <div style="text-align: center; line-height: 1.25; font-family: 'Times New Roman',Times,serif; font-weight: bold;">For the month of July 2020</div>
    <div style="line-height: 1.25;"><br style="line-height: 1.25;">
    </div>
    <div style="text-align: center; line-height: 1.25; font-family: 'Times New Roman',Times,serif; font-size: 16pt; font-weight: bold;">TAT TECHNOLOGIES LTD.</div>
    <div style="text-align: center; line-height: 1.25; font-family: 'Times New Roman',Times,serif;">(Name of Registrant)</div>
    <div style="line-height: 1.25;"><br style="line-height: 1.25;">
    </div>
    <div style="text-align: center; line-height: 1.25; font-family: 'Times New Roman',Times,serif;">&#160;&#160;&#160;&#160;&#160;&#160;P.O.BOX 80, Gedera 70750 Israel</div>
    <div style="text-align: center; line-height: 1.25; font-family: 'Times New Roman',Times,serif;">(Address of Principal Executive Office)</div>
    <div style="line-height: 1.25;"><br style="line-height: 1.25;">
    </div>
    <div style="line-height: 1.25;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="font-weight: bold;">Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.</font></div>
    <div style="line-height: 1.25;"><br style="line-height: 1.25;">
    </div>
    <div style="text-align: center; line-height: 1.25;"><font style="font-family: 'Times New Roman',Times,serif; font-weight: bold;">Form 20-F </font><font style="font-weight: bold;">&#9746;</font><font style="font-family: 'Times New Roman',Times,serif; font-weight: bold;">&#160;&#160;&#160;&#160;&#160;&#160; Form 40-F </font><font style="font-weight: bold;">&#9744;</font> <br>
    </div>
    <div style="line-height: 1.25;"><br style="line-height: 1.25;">
    </div>
    <div style="line-height: 1.25;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="font-weight: bold;">Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): </font><font style="font-weight: bold;">&#9744;</font></div>
    <div style="line-height: 1.25;"><br style="line-height: 1.25;">
    </div>
    <div style="line-height: 1.25;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="font-weight: bold;">Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): </font><font style="font-weight: bold;">&#9744;</font></div>
    <div style="line-height: 1.25;"><br style="line-height: 1.25;">
    </div>
    <div style="line-height: 1.25;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="font-weight: bold;">Indicate by check mark whether by furnishing the information contained in this Form, the registrant is also thereby furnishing the information to the Commission pursuant to Rule
        12g3-2(b) under the Securities Exchange Act of 1934.</font></div>
    <div style="line-height: 1.25;"><br style="line-height: 1.25;">
    </div>
    <div style="text-align: center; line-height: 1.25;"><font style="font-weight: bold;">Yes &#9744;</font>&#160;&#160;&#160;&#160;&#160;&#160; <font style="font-weight: bold;">No &#9746;</font></div>
    <div style="line-height: 1.25;"><br style="line-height: 1.25;">
    </div>
    <div style="text-indent: 72pt; line-height: 1.25; font-weight: bold;">If "Yes" is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b): 82- ____________</div>
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    <div style="line-height: 1.25;"><br style="line-height: 1.25;">
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    <div style="text-align: center; line-height: 1.25; font-weight: bold;">TAT Technologies Ltd.</div>
    <div style="line-height: 1.25;"><br style="line-height: 1.25;">
    </div>
    <div style="text-align: justify; margin-left: 14.2pt; line-height: 1.25;">On July 1, 2020, TAT Technologies Ltd. (the &#8220;<font style="font-weight: bold;">Company</font>&#8221;) announced that it postponed its Annual and Special General Meeting of shareholders,
      which was scheduled for July 2, 2020. Accordingly, the Company&#8217;s Annual and Special General Meeting will be convened on Thursday July 16, 2020 at 5:00 p.m., Israel time at the offices of Naschitz, Brandes, Amir &amp; Co., Advocates, located at 5
      Tuval Street, Tel-Aviv, Israel.</div>
    <div style="line-height: 1.25;"><br style="line-height: 1.25;">
    </div>
    <div style="line-height: 1.25;">6-K Exhibits:</div>
    <div style="line-height: 1.25;"><br style="line-height: 1.25;">
    </div>
    <table cellspacing="0" cellpadding="0" border="0" id="zea98fb8bec6e47148a8ac90c6c937318" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

        <tr>
          <td style="width: 5%; vertical-align: top;">
            <div style="line-height: 1.25;"><a href="exhibit_1.htm">1.</a></div>
          </td>
          <td style="width: 95%; vertical-align: top;">
            <div style="text-align: justify; line-height: 1.25;"><a href="exhibit_1.htm">Notice and Proxy Statement for TAT Technologies Ltd.'s Annual and
                Special General Meeting to be held on July 16, 2020.</a></div>
          </td>
        </tr>
        <tr>
          <td style="width: 5%; vertical-align: top;">
            <div style="line-height: 1.25;"><a href="exhibit_2.htm">2.</a></div>
          </td>
          <td style="width: 95%; vertical-align: top;">
            <div style="text-align: justify; line-height: 1.25;"><a href="exhibit_2.htm">Form of Proxy Card to be used in connection with TAT Technologies Ltd.'s
                Annual and Special General Meeting to be held on July 16, 2020.</a></div>
          </td>
        </tr>

    </table>
    <div style="line-height: 1.25;"><br style="line-height: 1.25;">
    </div>
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      <div style="text-align: center;" id="DSPFPageNumberArea"><font style="color: #000000; font-weight: normal; font-style: normal;" id="DSPFPageNumber">2</font></div>
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    <div style="text-align: center; line-height: 1.25;">SIGNATURE</div>
    <div style="line-height: 1.25;"><br style="line-height: 1.25;">
    </div>
    <div style="line-height: 1.25;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;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 authorized.</div>
    <div style="line-height: 1.25;"><br style="line-height: 1.25;">
    </div>
    <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="z89eb5c57776344d7a03c8cfa7d9b2063">

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              <div>&#160;</div>
            </td>
            <td style="width: 50%;">
              <div>
                <div style="text-align: left; line-height: 1.25; font-family: 'Times New Roman',Times,serif;"><u>TAT TECHNOLOGIES LTD.</u></div>
                <div style="text-align: left; line-height: 1.25;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="font-family: 'Times New Roman',Times,serif;">(Registrant)</font></div>
                <div style="line-height: 1.25;"><br style="line-height: 1.25;">
                </div>
                <div style="text-align: left; line-height: 1.25; font-family: 'Times New Roman',Times,serif;">By:<u> /s/ </u><u>Ehud Ben-Yair</u></div>
                <div style="text-align: left; line-height: 1.25; font-family: 'Times New Roman',Times,serif;">&#160;&#160;&#160;&#160;&#160; Ehud Ben-Yair</div>
                <div style="text-align: left; line-height: 1.25; font-family: 'Times New Roman',Times,serif;">&#160;&#160;&#160;&#160;&#160; Chief Financial Officer</div>
              </div>
            </td>
          </tr>

      </table>
      <br>
    </div>
    <div style="line-height: 1.25;">Date: July 1, 2020</div>
    <div style="line-height: 1.25;"> <br>
    </div>
    <div style="text-align: center; line-height: 1.25; font-family: 'Times New Roman',Times,serif;"><font style="color: rgb(0, 0, 0); font-weight: normal; font-style: normal;" id="DSPFPageNumber">3</font></div>
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</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99
<SEQUENCE>2
<FILENAME>exhibit_1.htm
<DESCRIPTION>EXHIBIT 1
<TEXT>
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      </div>
    </div>
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    </div>
    <div style="text-align: justify; margin-right: 1.6pt; line-height: 1.25; font-weight: bold;">TAT TECHNOLOGIES LTD.</div>
    <div style="line-height: 1.25">&#160;</div>
    <div style="text-align: justify; margin-right: 1.6pt; line-height: 1.25; font-weight: bold;">NOTICE OF ANNUAL AND SPECIAL GENERAL MEETING OF SHAREHOLDERS</div>
    <div style="line-height: 1.25">&#160;</div>
    <div style="text-align: justify; text-indent: 28.35pt; margin-right: 1.7pt; line-height: 1.25;">Dear shareholders of TAT Technologies Ltd.:</div>
    <div style="line-height: 1.25">&#160;</div>
    <div style="text-align: justify; text-indent: 28.35pt; line-height: 1.25;">Notice is hereby given that the annual and special general meeting of shareholders (the &#8220;<font style="font-weight: bold;"><u>Meeting</u></font>&#8221;) of TAT Technologies Ltd. (the &#8220;<font style="font-weight: bold;"><u>Company</u></font>&#8221;) will be held on <font style="font-weight: bold;">July 16, 2020 at</font>&#160;<font style="font-weight: bold;">17:00 P.M.</font> Israel time, at the offices of Naschitz, Brandes, Amir &amp; Co.,
      Advocates, located at 5 Tuval Street, Tel-Aviv, Israel.</div>
    <div style="line-height: 1.25;"><br style="line-height: 1.25;">
    </div>
    <div style="text-align: justify; text-indent: 28.35pt; line-height: 1.25;">In light of the coronavirus (COVID-19) pandemic, the Company reserves the option to convert the Meeting from a physical meeting to a non-physical meeting at a later date. In
      such event, the Company will issue a press release and furnish a Form 6-K or other document with the SEC prior to the date of the Meeting outlining the manner in which shareholders may attend the virtual meeting.</div>
    <div style="line-height: 1.25;"><br style="line-height: 1.25;">
    </div>
    <div style="text-align: justify; margin-right: 1.7pt; line-height: 1.25; font-weight: bold;">The agenda of the Meeting shall be as follows:</div>
    <div style="line-height: 1.25">&#160;</div>
    <div>
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              <div style="line-height: 1.25;">1.</div>
            </td>
            <td style="width: auto; vertical-align: top;">
              <div style="text-align: justify; line-height: 1.25;">Approval of the re-appointment of Kesselman &amp; Kesselman PwC Israel, a member of PricewaterhouseCoopers International Ltd., as our independent certified public accountants, effective as
                of the approval by the Meeting until our next Annual Meeting of Shareholders, and delegation to the Company's Board of Directors (or, the Audit Committee, if authorized by the Board of Directors) the authority to determine the accountants'
                remuneration in accordance with the volume and nature of their services; and</div>
              <div style="text-align: justify; line-height: 1.25;"> <br>
              </div>
            </td>
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      </table>
    </div>
    <div>
      <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="z4a4f49133e9748efb6041a3243e39d50">

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            <td style="width: 36pt; vertical-align: top; align: right;">
              <div style="line-height: 1.25;">2.</div>
            </td>
            <td style="width: auto; vertical-align: top;">
              <div style="text-align: justify; line-height: 1.25;">Approval of the re-election of each of Mr. Amos Malka, Mr. Ron Ben Haim, Mr. Amiram Boehm and Ms. Dafna Gruber (Independent Director), to serve as Directors of the Company each to hold
                office until our next Annual Meeting of Shareholders; and</div>
              <div style="text-align: justify; line-height: 1.25;"> <br>
              </div>
            </td>
          </tr>

      </table>
    </div>
    <div>
      <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="zd0f1f70619d44b6da437dcbf370c7ed8">

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            <td style="width: 36pt; vertical-align: top; align: right;">
              <div style="line-height: 1.25;">3.</div>
            </td>
            <td style="width: auto; vertical-align: top;">
              <div style="text-align: justify; line-height: 1.25;">Renewing the Company's Compensation Policy for an additional three (3) years under the current principles, terms and conditions except amendment to the terms of our D&amp;O policy; and</div>
              <div style="text-align: justify; line-height: 1.25;"> <br>
              </div>
            </td>
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      </table>
    </div>
    <div>
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            <td style="width: 36pt; vertical-align: top; align: right;">
              <div style="line-height: 1.25;">4.</div>
            </td>
            <td style="width: auto; vertical-align: top;">
              <div style="text-align: justify; line-height: 1.25;">Approval of the re-election of Mr. Abraham Shani to serve as an external director in the Company for an additional three (3) years term commencing on the date of his election at the meeting
                and approval of his recompense ; and</div>
            </td>
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      </table>
    </div>
    <div style="text-align: justify; text-indent: 35.45pt; line-height: 1.25;"> <br>
    </div>
    <div style="text-align: justify; line-height: 1.25; font-family: 'Times New Roman',Times,serif;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; In addition, the shareholders will be invited to discuss at the Meeting the Company&#8217;s audited consolidated financial statements for the year
      ended December 31, 2019.</div>
    <div style="line-height: 1.25;"><br style="line-height: 1.25;">
    </div>
    <div style="text-align: justify; text-indent: 28.35pt; line-height: 1.25;">The approval of each of Items 1 and 2 requires the affirmative vote of the holders of a majority of the voting power represented and voting on the matter in person or by proxy.</div>
    <div style="line-height: 1.25">&#160;</div>
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    <div style="line-height: 1.25">&#160;</div>
    <div style="line-height: 1.25">
      <div style="text-align: justify; text-indent: 28.35pt; line-height: 1.25;">The approval of each of Item 3 and 4 requires the affirmative vote of at least a majority of the shares present, in person or by proxy, and voting on the matter, provided that
        (i) such a majority includes at least a majority of the total votes of shareholders who are not controlling shareholders of the Company or who do not have personal interest (with respect to Item 4 excluding a personal interest that is not related
        to a relationship with the controlling shareholders) in the approval of the proposal set forth in each Item 3 and 4; or (ii) the total number of shares of the shareholders mentioned in clause (i) above that are voted against such proposal does not
        exceed two percent (2%) of the total voting rights in the Company.</div>
    </div>
    <div style="line-height: 1.25"> <br>
    </div>
    <div style="text-align: justify; text-indent: 28.35pt; line-height: 1.25; font-weight: bold;">In the proxy card attached to the proxy statement, you will be asked to indicate whether or not you are a controlling shareholder of the Company or whether or
      not you have a personal interest in the approval of the proposal set forth in each Item 3 and 4. If any shareholder casting a vote does not notify us whether or not they are a controlling shareholder of the Company or whether or not they have a
      personal interest in the approval of the proposal set forth in each Item 3 and 4, their vote, with respect to this Item, will be disqualified.</div>
    <div style="line-height: 1.25">&#160;</div>
    <div style="text-align: justify; text-indent: 28.35pt; line-height: 1.25;">Under the 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. A shareholder will be deemed to have a personal interest if any member of such shareholder's immediate family or their spouse has a personal interest in the adoption of the relevant
      proposal.&#160;&#160;In addition, a shareholder will be deemed to have a personal interest if a company, other than TAT Technologies, that is affiliated to such shareholder has a personal interest in the adoption of the relevant proposal.&#160;&#160;Such company is a
      company in which the shareholder or a member of such shareholder's 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, a shareholder will not be deemed to have a personal interest in the adoption of the proposal if the shareholder's interest in such proposal arises solely from ownership of TAT Technologies' shares, or to a matter that is not related
      to a relationship with a controlling shareholder.</div>
    <div style="line-height: 1.25">&#160;</div>
    <div style="text-align: justify; text-indent: 28.35pt; margin-right: 1.6pt; line-height: 1.25;">Only shareholders of record at the close of business on <font style="font-weight: bold;">June 4, 2020</font>, (the &#8220;<font style="font-weight: bold;"><u>Record


          Date</u></font>&#8221;) will be entitled to receive notice of, and to vote at the Meeting. All shareholders are cordially invited to attend the Meeting in person.</div>
    <div style="line-height: 1.25">&#160;</div>
    <div style="text-align: justify; text-indent: 28.35pt; margin-right: 1.7pt; line-height: 1.25;">Shareholders who will not attend the Meeting in person may vote with respect to Items 1 through 4 by means of a proxy card and are required to complete,
      sign, date and return the proxy card <u>no later</u> than <font style="font-weight: bold;">July 16, 2020, 13:00</font> P.M. Israel time, to permit verification. Voting will be done by completing the second part of the proxy card. The form of proxy
      card was furnished to the Securities and Exchange Commission (the &#8220;<font style="font-weight: bold;"><u>Commission</u></font>&#8221;) on Form 6-K, and is available to the public on the Commission&#8217;s website at <u>http://www.sec.gov</u>. The form of proxy
      card is also available on the websites: <u>www.magna.isa.gov.il</u> or <u>www.maya.tase.co.il</u><u>.</u></div>
    <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
      <div style="text-align: center;" id="DSPFPageNumberArea"><font style="color: #000000; font-weight: normal; font-style: normal;" id="DSPFPageNumber">2</font></div>
      <div id="DSPFPageBreak" style="page-break-after: always;">
        <hr noshade="noshade" style="border-width: 0px; clear: both; margin: 4px 0px; width: 100%; height: 2px; color: #000000; background-color: #000000;"></div>
    </div>
    <!--PROfilePageNumberReset%Num%3%%%-->
    <div style="line-height: 1.25">&#160;</div>
    <div style="text-align: justify; text-indent: 28.35pt; margin-right: 1.7pt; line-height: 1.25;"><font style="font-weight: bold;">Position Statements:</font> Shareholders wishing to express their position on Items 1 through 4 on the agenda for this
      Meeting may do so by submitting a written statement (hereinafter &#8220;<font style="font-weight: bold;"><u>Position Statement</u></font>&#8221;) to the offices of Naschitz, Brandes, Amir &amp; Co., Advocates, located at 5 Tuval Street, Tel-Aviv, Israel. Any
      Position Statement received will be furnished to the Commission on Form 6-K, and will be made available to the public on the Commission&#8217;s website at <u>http://www.sec.gov</u> and in addition at <u>http://www.magna.isa.gov.il</u> or <u>http://maya.tase.co.il</u>.
      Position Statements should be submitted to the Company no later than <font style="font-weight: bold;">July 6, 2020</font>.</div>
    <div style="line-height: 1.25">&#160;</div>
    <div style="text-align: justify; text-indent: 28.35pt; margin-right: 1.7pt; line-height: 1.25;">A shareholder is entitled to contact the Company directly and receive the text of the proxy card and any Position Statement.</div>
    <div style="line-height: 1.25">&#160;</div>
    <div style="text-align: justify; text-indent: 28.35pt; margin-right: 1.7pt; line-height: 1.25;">A shareholder, whose shares are registered with a Tel-Aviv Stock Exchange Ltd. (the &#8220;<font style="font-weight: bold;"><u>TASE</u></font>&#8221;) member and are
      not registered on the Company&#8217;s shareholders' register, is entitled to receive from the TASE member who holds the shares on the shareholder&#8217;s behalf, by e-mail, for no charge, a link to the text of the proxy card and to the Position Statements posted
      on the Israel Securities Authority website, provided, that the notice was provided with respect to a particular securities account, prior to the Record Date.</div>
    <div style="line-height: 1.25">&#160;</div>
    <div style="text-align: justify; text-indent: 28.35pt; margin-right: 1.7pt; line-height: 1.25;">A shareholder whose Shares are registered with a member of the TASE, is required to prove his share ownership to vote at the Meeting. Such shareholder shall
      provide the Company with an ownership certificate (as of the Record Date) from that TASE member and is entitled to receive the ownership certificate in the branch of the TASE member or by mail to his address (in consideration of mailing fees only),
      if the shareholder so requested. Such a request will be made in advance for a particular securities account.</div>
    <div style="line-height: 1.25">&#160;</div>
    <div style="text-align: justify; text-indent: 28.35pt; margin-right: 1.7pt; line-height: 1.25;">Alternatively, shareholders whose shares are registered with a member of the TASE may vote electronically via the electronic voting system of the Israel
      Securities Authority up to six (6) hours before the time fixed for the Meeting. You should receive instructions about electronic voting from the TASE member through which you hold your shares.</div>
    <div style="line-height: 1.25">&#160;</div>
    <div style="text-align: justify; text-indent: 28.35pt; margin-right: 1.7pt; line-height: 1.25;">Discussion at the Meeting will be commenced if a quorum is present. A quorum is comprised of two or more shareholders who are present in person or by proxy,
      or who have delivered to the Company a proxy card indicating their manner of voting, and who hold or represent shares conferring in the aggregate at least one-third (33.33%) of the voting power in the Company. If a quorum is not present within half
      an hour of the time designated for the Meeting, the Meeting will be adjourned <font style="font-weight: bold;">to July 23, 2020</font>, at the same time and place. If a quorum is not present within half an hour of the time designated for the
      adjourned meeting, two shareholders who are present in person or proxy, or who have delivered a proxy card, will constitute a quorum.</div>
    <div style="line-height: 1.25">&#160;</div>
    <div style="text-align: justify; text-indent: 28.35pt; margin-right: 1.7pt; line-height: 1.25;">The wording of the resolutions to be voted at the Meeting and relevant documents thereto may be inspected at the offices of Naschitz, Brandes, Amir &amp;
      Co., Advocates, located at 5 Tuval Street, Tel-Aviv, Israel during normal business hours and by prior coordination with Mr. Ehud Ben-Yair (tel: +972-8-8628500 or +972-8-8628501).</div>
    <div style="line-height: 1.25">&#160;</div>
    <div style="text-align: justify; text-indent: 28.35pt; margin-right: 1.7pt; line-height: 1.25;">Should changes be made to any Item on the agenda for the Meeting after the publication of this Proxy Statement, we will communicate the changes to our
      shareholders through the publication of a press release, a copy of which will be filed with the Securities and Exchange Commission on Form 6-K and with the Israeli Securities Authority in the aforementioned internet websites.</div>
    <div style="line-height: 1.25">&#160;</div>
    <table cellspacing="0" cellpadding="0" border="0" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;" id="zc5af7a75504c4954992b59e70c0cd959">

        <tr>
          <td style="width: 50%; vertical-align: top;">&#160;</td>
          <td style="width: 50%; vertical-align: top;">
            <div style="text-align: justify; margin-right: 1.6pt; line-height: 1.25;">By the Order of the Board of Directors,</div>
          </td>
        </tr>
        <tr>
          <td style="width: 50%; vertical-align: top;">&#160;</td>
          <td style="width: 50%; vertical-align: top;">
            <div style="line-height: 1.25;"><font style="line-height: 1.25;">&#160;</font></div>
            <div style="text-align: justify; margin-right: 1.6pt; line-height: 1.25;">/s/ Ehud Ben-Yair, CFO</div>
            <div style="text-align: justify; margin-right: 1.6pt; line-height: 1.25;"><br>
              Dated: July 1, 2020</div>
          </td>
        </tr>

    </table>
    <div style="text-align: justify; line-height: 1.25; font-weight: bold;"> <br>
    </div>
    <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
      <div style="text-align: center;" id="DSPFPageNumberArea"><font style="color: #000000; font-weight: normal; font-style: normal;" id="DSPFPageNumber">3</font></div>
      <div id="DSPFPageBreak" style="page-break-after: always;">
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    </div>
    <!--PROfilePageNumberReset%Num%4%%%-->
    <div style="text-align: justify; line-height: 1.25; font-weight: bold;"> <br>
    </div>
    <div style="text-align: justify; line-height: 1.25; font-weight: bold;">TAT TECHNOLOGIES LTD.</div>
    <div style="line-height: 1.25;"><br style="line-height: 1.25;">
    </div>
    <div style="text-align: justify; line-height: 1.25; font-weight: bold;">P.O. Box 80, Gedera 70750 Israel</div>
    <div style="text-align: justify; line-height: 1.25;">_____________________________</div>
    <div style="line-height: 1.25;"><br style="line-height: 1.25;">
    </div>
    <div style="text-align: justify; line-height: 1.25; font-weight: bold;">PROXY STATEMENT</div>
    <div style="text-align: justify; line-height: 1.25;">_____________________________</div>
    <div style="line-height: 1.25;"><br style="line-height: 1.25;">
    </div>
    <div style="text-align: justify; line-height: 1.25; font-weight: bold;">ANNUAL AND SPECIAL GENERAL MEETING OF SHAREHOLDERS</div>
    <div style="line-height: 1.25">&#160;</div>
    <div style="text-align: justify; margin-right: 1.6pt; line-height: 1.25; font-weight: bold;">TO BE HELD ON JULY 16, 2020</div>
    <div style="line-height: 1.25">&#160;</div>
    <div style="text-align: justify; text-indent: 28.35pt; margin-right: 1.7pt; line-height: 1.25;">This Proxy Statement is furnished to the holders of ordinary shares, par value NIS 0.90 per share (the &#8220;<font style="font-weight: bold;"><u>Shares</u></font>&#8221;),


      of TAT Technologies Ltd. in connection with the annual and special general meeting of shareholders of the Company to be held at the offices of Naschitz, Brandes, Amir &amp; Co., Advocates, located at 5 Tuval Street, Tel-Aviv, Israel <font style="font-weight: bold;">on July 16, 2020 at 17:00</font> P.M. Israel time, and thereafter as it may be adjourned from time to time (the &#8220;<font style="font-weight: bold;"><u>Meeting</u></font>&#8221;). Unless the context otherwise requires, references
      in this Proxy Statement to &#8220;TAT,&#8221; the &#8220;Company,&#8221; &#8220;We&#8221; or &#8220;Our&#8221; refer to TAT Technologies Ltd.</div>
    <div style="line-height: 1.25">&#160;</div>
    <div style="text-align: justify; text-indent: 28.35pt; line-height: 1.25;">In light of the coronavirus (COVID-19) pandemic, the Company reserves the option to convert the Meeting from a physical meeting to a non-physical meeting at a later date. In
      such event, the Company will issue a press release and furnish a Form 6-K or other document with the SEC prior to the date of the Meeting outlining the manner in which shareholders may attend the virtual meeting.</div>
    <div style="line-height: 1.25;"><br style="line-height: 1.25;">
    </div>
    <div style="text-align: justify; margin-right: 1.7pt; line-height: 1.25; font-weight: bold;">The agenda of the Meeting shall be as follows:</div>
    <div style="line-height: 1.25">&#160;</div>
    <div>
      <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="zdd891890b8fa4bf0b245ce44480561ff">

          <tr>
            <td style="width: 36pt; vertical-align: top; align: right;">
              <div style="line-height: 1.25;">1.</div>
            </td>
            <td style="width: auto; vertical-align: top;">
              <div style="text-align: justify; line-height: 1.25;">Approval of the re-appointment of Kesselman &amp; Kesselman PwC Israel, a member of PricewaterhouseCoopers International Ltd., as our independent certified public accountants, effective as
                of the approval by the Meeting until our next Annual Meeting of Shareholders, and delegation to the Company's Board of Directors (or, the Audit Committee, if authorized by the Board of Directors) the authority to determine the accountants'
                remuneration in accordance with the volume and nature of their services; and</div>
              <div style="text-align: justify; line-height: 1.25;"> <br>
              </div>
            </td>
          </tr>

      </table>
    </div>
    <div>
      <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="z1d8a65bc4b7d47d4b32f25314f3c5b87">

          <tr>
            <td style="width: 36pt; vertical-align: top; align: right;">
              <div style="line-height: 1.25;">2.</div>
            </td>
            <td style="width: auto; vertical-align: top;">
              <div style="text-align: justify; line-height: 1.25;">Approval of the re-election of each of Mr. Amos Malka, Mr. Ron Ben Haim, Mr. Ami Boehm and Ms. Dafna Gruber, to serve as Directors of the Company each to hold office until our next Annual
                Meeting of Shareholders; and</div>
              <div style="text-align: justify; line-height: 1.25;"> <br>
              </div>
            </td>
          </tr>

      </table>
    </div>
    <div>
      <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="z23c3998fda64476b966ad36ebfe67d42">

          <tr>
            <td style="width: 36pt; vertical-align: top; align: right;">
              <div style="line-height: 1.25;">3.</div>
            </td>
            <td style="width: auto; vertical-align: top;">
              <div style="text-align: justify; line-height: 1.25;">Renewing the Company's Compensation Policy for an additional three (3) years under the current principles, terms and conditions except amendment to the terms of our D&amp;O policy; and</div>
              <div style="text-align: justify; line-height: 1.25;"> <br>
              </div>
            </td>
          </tr>

      </table>
    </div>
    <div>
      <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="zbab42d5d9dd54d12b4e55d11d4bbd3d0">

          <tr>
            <td style="width: 36pt; vertical-align: top; align: right;">
              <div style="line-height: 1.25;">4.</div>
            </td>
            <td style="width: auto; vertical-align: top;">
              <div style="text-align: justify; line-height: 1.25;">Approval of the re-election of Mr. Abraham Shani to serve as an external director (as such term is defined in the Israeli Companies Law 5759-1999 (the "<font style="font-weight: bold;">Companies


                  Law</font>")) in the Company for an additional three (3) years term commencing on the date of his election at the meeting and approval of his recompense ; and</div>
            </td>
          </tr>

      </table>
    </div>
    <div style="line-height: 1.25;"><br style="line-height: 1.25;">
    </div>
    <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
      <div style="text-align: center;" id="DSPFPageNumberArea"><font style="color: #000000; font-weight: normal; font-style: normal;" id="DSPFPageNumber">4</font></div>
      <div id="DSPFPageBreak" style="page-break-after: always;">
        <hr noshade="noshade" style="border-width: 0px; clear: both; margin: 4px 0px; width: 100%; height: 2px; color: #000000; background-color: #000000;"></div>
    </div>
    &#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; In addition, the shareholders will be invited to discuss at the Meeting the Company&#8217;s audited consolidated financial statements for the year ended December 31, 2019.
    <div style="text-align: justify; margin-right: 1.7pt; line-height: 1.25; font-weight: bold;">Shareholders Entitled to Participate and Vote</div>
    <div style="line-height: 1.25">&#160;</div>
    <div style="text-align: justify; text-indent: 28.35pt; margin-right: 1.7pt; line-height: 1.25;">Only holders of record of Shares at the close of business on <font style="font-weight: bold;">June 4, 2020</font> (the &#8220;<font style="font-weight: bold;"><u>Record


          Date</u></font>&#8221;) are entitled to receive notice of, and to vote at, the Meeting.</div>
    <div style="line-height: 1.25">&#160;</div>
    <div style="text-align: justify; text-indent: 28.35pt; margin-right: 1.7pt; line-height: 1.25;">As of December 31, 2019, the Company had 9,149,169 issued Shares and 8,874,696 outstanding Shares (excluding 274,473 dormant Shares held in treasury). Each
      outstanding Share is entitled to one vote on each matter to be voted on at the Meeting. The votes of all shareholders voting on a matter are counted and abstentions are not taken into account (other than for quorum purposes).</div>
    <div style="line-height: 1.25">&#160;</div>
    <div style="text-align: justify; margin-right: 1.6pt; line-height: 1.25; font-weight: bold;">Beneficial Ownership of Securities</div>
    <div style="line-height: 1.25">&#160;</div>
    <div style="text-align: justify; text-indent: 28.35pt; margin-right: 1.7pt; line-height: 1.25;">FIMI Opportunity V, L.P. and FIMI Israel Opportunity FIVE, Limited Partnership, or the FIMI Funds, are the beneficial holders of 59.21% of TAT&#8217;s Ordinary
      shares (5,254,908 shares).</div>
    <div style="line-height: 1.25">&#160;</div>
    <div style="text-align: justify; text-indent: 28.35pt; margin-right: 1.7pt; line-height: 1.25;">The following table sets forth certain information as of December 31, 2019, regarding the beneficial ownership by all shareholders known to us to own
      beneficially 5% or more of our Ordinary shares:</div>
    <div style="line-height: 1.25">&#160;</div>
    <table cellspacing="0" cellpadding="2" border="0" style="font-family: 'Times New Roman',Times,serif; font-size: 10pt; width: 100%; text-align: left; color: rgb(0, 0, 0);" id="z267d8512ae674482b444ac8cf56603dc">

        <tr>
          <td style="width: 48.51%; vertical-align: bottom; background-color: rgb(217, 217, 217); border-top: 1px solid rgb(0, 0, 0); border-left: 1px solid rgb(0, 0, 0); border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="line-height: 1.25;">
              <div style="text-align: justify; margin-right: 1.7pt; line-height: 1.25;">Name</div>
            </div>
          </td>
          <td style="width: 34.83%; vertical-align: bottom; background-color: rgb(217, 217, 217); border-top: 1px solid rgb(0, 0, 0); border-left: 1px solid rgb(0, 0, 0); border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="line-height: 1.25;">
              <div style="text-align: center; margin-right: 1.7pt; line-height: 1.25;">Number of<br>
                &#160;Ordinary Shares<br>
                Beneficially Owned (1)</div>
            </div>
          </td>
          <td style="width: 16.66%; vertical-align: bottom; background-color: rgb(217, 217, 217); border-width: 1px 1px 2px; border-style: solid; border-color: rgb(0, 0, 0);">
            <div style="line-height: 1.25;">
              <div style="text-align: center; margin-right: 1.7pt; line-height: 1.25;">Percentage of</div>
              <div style="text-align: center; margin-right: 1.7pt; line-height: 1.25;">Ownership (2)</div>
            </div>
          </td>
        </tr>
        <tr>
          <td style="width: 48.51%; vertical-align: top; border-top: 1px solid rgb(0, 0, 0); border-left: 1px solid rgb(0, 0, 0);">
            <div style="text-align: justify; margin-right: 1.7pt; line-height: 1.25;">FIMI Funds (3)</div>
          </td>
          <td style="width: 34.83%; vertical-align: bottom; border-top: 1px solid rgb(0, 0, 0); border-left: 1px solid rgb(0, 0, 0);">
            <div style="text-align: center; margin-right: 1.7pt; line-height: 1.25;">5,254,908</div>
          </td>
          <td style="width: 16.66%; vertical-align: bottom; border-top: 1px solid rgb(0, 0, 0); border-left: 1px solid rgb(0, 0, 0); border-right: 1px solid rgb(0, 0, 0);">
            <div style="text-align: center; margin-right: 1.7pt; line-height: 1.25;">59.21%</div>
          </td>
        </tr>
        <tr>
          <td style="width: 48.51%; vertical-align: top; border-top: 1px solid rgb(0, 0, 0); border-left: 1px solid rgb(0, 0, 0);">
            <div style="text-align: justify; margin-right: 1.7pt; line-height: 1.25;">Yelin Lapidot Holdings Management Ltd. (4)</div>
          </td>
          <td style="width: 34.83%; vertical-align: bottom; border-top: 1px solid rgb(0, 0, 0); border-left: 1px solid rgb(0, 0, 0);">
            <div style="text-align: center; margin-right: 1.7pt; line-height: 1.25;">587,261</div>
          </td>
          <td style="width: 16.66%; vertical-align: bottom; border-top: 1px solid rgb(0, 0, 0); border-left: 1px solid rgb(0, 0, 0); border-right: 1px solid rgb(0, 0, 0);">
            <div style="text-align: center; margin-right: 1.7pt; line-height: 1.25;">6.62%</div>
          </td>
        </tr>
        <tr>
          <td style="width: 48.51%; vertical-align: top; border-top: 1px solid rgb(0, 0, 0); border-left: 1px solid rgb(0, 0, 0); border-bottom: 1px solid rgb(0, 0, 0);">
            <div style="text-align: justify; margin-right: 1.7pt; line-height: 1.25;">Excellence and The Phoenix Holdings Ltd (5)</div>
          </td>
          <td style="width: 34.83%; vertical-align: bottom; border-top: 1px solid rgb(0, 0, 0); border-left: 1px solid rgb(0, 0, 0); border-bottom: 1px solid rgb(0, 0, 0);">
            <div style="text-align: center; margin-right: 1.7pt; line-height: 1.25;">482,493</div>
          </td>
          <td style="width: 16.66%; vertical-align: bottom; border-width: 1px; border-style: solid; border-color: rgb(0, 0, 0);">
            <div style="text-align: center; margin-right: 1.7pt; line-height: 1.25;">5.44%</div>
          </td>
        </tr>

    </table>
    <div style="text-align: justify; text-indent: 28.35pt; margin-right: 1.7pt; line-height: 1.25;">________________________</div>
    <div style="line-height: 1.25">&#160;</div>
    <div style="text-align: justify; text-indent: 28.35pt; margin-right: 1.7pt; line-height: 1.25;">(1) <font style="background-color: #FFFFFF;">Beneficial ownership is determined in accordance with the rules of the SEC and generally includes voting or
        investment power with respect to securities. Ordinary shares relating to options and warrants currently exercisable or exercisable within 60 days of the date of this table are deemed outstanding for computing the percentage of the person holding
        such securities but are not deemed outstanding for computing the percentage of any other person. Except as indicated by footnote, and subject to community property laws where applicable, the persons named in the table above have sole voting and
        investment power with respect to all shares shown as beneficially owned by them</font>.</div>
    <div style="text-align: justify; text-indent: 28.35pt; margin-right: 1.7pt; line-height: 1.25;">(2) T<font style="background-color: #FFFFFF;">he percentages shown are based on 8,874,696 ordinary shares issued and outstanding as of December 31, 2019
        (net of 274,473 dormant shares).</font></div>
    <div style="text-align: justify; text-indent: 28.35pt; margin-right: 1.7pt; line-height: 1.25;">(3) <font style="background-color: #FFFFFF;">Based on a Schedule 13D filed on August 14, 2013, and on Schedule 13D/A filed on December 12, 2016, FIMI
        Funds, FIMI FIVE 2012 Ltd., Shira and Ishay Davidi Management Ltd. and Mr. Ishay Davidi share voting and dispositive power with respect to the 5,254,908 ordinary shares held by the FIMI Funds. FIMI FIVE 2012 Ltd. is the managing general partner of
        the FIMI Funds. Shira and Ishay Davidi Management Ltd. controls FIMI FIVE 2012 Ltd. Mr. Ishay Davidi controls the Shira and Ishay Davidi Management Ltd. and is the Chief Executive Officer of all the entities listed above. The principal business
        address of each of the above entities and of Mr. Davidi is c/o FIMI FIVE 2012 Ltd., Electra Tower, 98 Yigal Alon St., Tel Aviv 6789141, Israel</font>.</div>
    <div style="text-align: justify; text-indent: 28.35pt; margin-right: 1.7pt; line-height: 1.25;">(4) <font style="background-color: #FFFFFF;">This information is based on information provided in the Schedule 13G/A filed with the SEC by Dov Yelin, Yair
        Lapidot and Yelin Lapidot Holdings Management Ltd. (collectively, &#8220;Yelin Lapidot&#8221;) on February 10, 2020. The business address of Yelin Lapidot is 50 Dizengoff Street, Dizengoff Center, Gate 3, Top Tower, 13th floor, Tel Aviv 64332, Israel</font>.</div>
    <div style="text-align: justify; text-indent: 28.35pt; margin-right: 1.7pt; line-height: 1.25;">(5) <font style="background-color: #FFFFFF;">This information is based on information provided in the Schedule 13G/A filed with the SEC by Itshak Sharon
        (Tshuva), Delek Group Ltd. And The Phoenix Holdings Ltd. on February 18, 2020. The business address of Itshak Sharon (Tshuva) and Delek&#160;Group&#160;Ltd. is&#160;19 Abba Eban blvd, P.O.B.&#160;2054, Herzliya, 4612001, Israel and the address of the Phoenix Holdings
        Ltd. is Derech Hashalom 53, Givataim, 53454, Israel</font>.<br style="line-height: 1.25;">
    </div>
    <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" id="DSPFPageBreakArea">
      <div style="text-align: center;" id="DSPFPageNumberArea"><font style="color: #000000; font-weight: normal; font-style: normal;" id="DSPFPageNumber">5</font></div>
      <div style="page-break-after: always;" id="DSPFPageBreak">
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    </div>
    <div style="text-align: justify; margin-right: 1.6pt; line-height: 1.25; font-weight: bold;">Voting and Proxies</div>
    <div style="line-height: 1.25">&#160;</div>
    <div style="text-align: justify; text-indent: 28.35pt; margin-right: 1.7pt; line-height: 1.25;">All shareholders who are unable to attend the Meeting in person may vote with respect to Items 1 through 4 by means of a proxy card and they are requested
      to complete, date and sign the enclosed form of proxy and return it promptly in the pre-addressed envelope provided. If your Shares are held in &#8220;street name&#8221; (meaning in the name of a bank, broker or other record holder), you must either direct the
      record holder of your Shares as to how to vote your Shares or obtain a legal proxy from the record holder to vote the Shares at the Meeting on behalf of the record holder as well as a statement from such record holder that it did not vote such
      Shares. In order for these Shares to be counted, a duly executed proxy must be received by the Company&#8217;s Transfer Agent or by the Company, c/o Mr. Ehud Ben-Yair, at the offices of Naschitz, Brandes, Amir &amp; Co., Advocates, located at 5 Tuval
      Street, Tel-Aviv, Israel (on the 1<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">th</sup> Floor), <u>no later</u> than <font style="font-weight: bold;">July 16, 2020 at 13:00 P.M</font>., Israel time. Shares represented by proxy received after such time will not be counted. Any such proxy
      may be revoked by such holders at any time before it is exercised by: (i) delivering written revocation or a later dated proxy to Mr. Ehud Ben-Yair; or (ii) attending the Meeting and voting in person.</div>
    <div style="line-height: 1.25">&#160;</div>
    <div style="text-align: justify; text-indent: 28.35pt; margin-right: 1.7pt; line-height: 1.25;">Upon the receipt of a properly executed proxy in the form enclosed herewith, the persons named as proxies therein will vote the Shares covered thereby in
      accordance with the directions of the shareholder executing such proxy.</div>
    <div style="line-height: 1.25">&#160;</div>
    <div style="text-align: justify; text-indent: 28.35pt; margin-right: 1.7pt; line-height: 1.25;">Alternatively, you may vote electronically via the electronic voting system of the Israel Securities Authority, up to six (6) hours before the time fixed
      for the Meeting. You should receive instructions about electronic voting from the TASE member through which you hold your Shares.</div>
    <div style="line-height: 1.25">&#160;</div>
    <div style="text-align: justify; margin-right: 1.7pt; line-height: 1.25; font-weight: bold;">Expenses and Solicitation</div>
    <div style="line-height: 1.25">&#160;</div>
    <div style="text-align: justify; text-indent: 28.35pt; margin-right: 1.7pt; line-height: 1.25;">Shareholders wishing to express their position on Items 1 through 4 on the agenda for this Meeting may do so by submitting a written statement (&#8220;<font style="font-weight: bold;"><u>Position Statement</u></font>&#8221;) to the offices of Naschitz, Brandes, Amir &amp; Co., Advocates, located at 5 Tuval Street, Tel-Aviv, Israel (on the 1<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">th</sup> Floor). Any Position Statement received will be
      furnished to the Securities and Exchange Commission (the &#8220;<font style="font-weight: bold;"><u>Commission</u></font>&#8221;) on Form 6-K, and will be made available to the public on the Commission&#8217;s website at <u>http://www.sec.gov</u> and in addition at <u>http://www.magna.isa.gov.il</u>
      or <u>http://maya.tase.co.il</u>.</div>
    <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" id="DSPFPageBreakArea">
      <div style="text-align: center;" id="DSPFPageNumberArea"><font style="color: #000000; font-weight: normal; font-style: normal;" id="DSPFPageNumber">6</font></div>
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    </div>
    <div style="line-height: 1.25">&#160;</div>
    <div style="text-align: justify; text-indent: 28.35pt; margin-right: 1.7pt; line-height: 1.25;">Should changes be made to any proposal after the publication of this Proxy Statement, we will communicate the changes to our shareholders through the
      publication of a press release, a copy of which will be filed with the SEC on Form 6-K and with the Israel Securities Authority.</div>
    <div style="line-height: 1.25">&#160;</div>
    <div style="text-align: justify; text-indent: 28.35pt; margin-right: 1.7pt; line-height: 1.25;">Position Statements should be submitted to the Company no later than <font style="font-weight: bold;">July 6, 2020.</font></div>
    <div style="line-height: 1.25">&#160;</div>
    <div style="text-align: justify; text-indent: 28.35pt; margin-right: 1.7pt; line-height: 1.25;">We know of no other matters to be submitted at the Meeting other than as specified herein. If any other business is properly brought before the Meeting, the
      persons named as proxies may vote in respect thereof in accordance with their best judgment.</div>
    <div style="line-height: 1.25">&#160;</div>
    <div style="text-align: justify; text-indent: 28.35pt; margin-right: 1.7pt; line-height: 1.25;">These proxy and proxy card shall also serve as a voting deed (ktav hatzba&#8217;a) as such term is defined under the Companies Law.</div>
    <div style="line-height: 1.25">&#160;</div>
    <div style="text-align: justify; text-indent: 28.35pt; margin-right: 1.7pt; line-height: 1.25;">The Company expected to solicit proxies by mail and to mail this proxy statement and the accompanying proxy card to shareholders on or about <font style="font-weight: bold;">June 11, 2020</font>. This proxy statement and the accompanying proxy card are also available to the public through the following websites <u>http://www.sec.gov, </u><u>http://www.magna.isa.gov.il</u> or <u>http://maya.tase.co.il</u>.</div>
    <div style="line-height: 1.25">&#160;</div>
    <div style="text-align: justify; text-indent: 28.35pt; margin-right: 1.7pt; line-height: 1.25;">All costs of solicitation of proxies will be borne by the Company. In addition to solicitations by mail, certain of the Company&#8217;s directors, officers and
      regular employees, without additional remuneration, may solicit proxies by telephone and personal interviews. Brokers, custodians and fiduciaries will be requested to forward proxy soliciting material to the beneficial owners of Shares held in their
      names, and the Company will reimburse them for their reasonable out-of-pocket costs.</div>
    <div style="line-height: 1.25">&#160;</div>
    <div style="text-align: justify; margin-right: 1.6pt; line-height: 1.25; font-weight: bold;">Quorum and Voting Requirements</div>
    <div style="line-height: 1.25">&#160;</div>
    <div style="text-align: justify; text-indent: 28.35pt; margin-right: 1.7pt; line-height: 1.25;">The quorum required consists of two or more shareholders who are present in person or proxy (or who have delivered a proxy card indicating their manner of
      voting) and who together hold or represent Shares conferring in the aggregate at least one third (33.33%) of the voting power in the Company on the Record Date. If a quorum is not present within one half hour of the time designated for the Meeting,
      the Meeting shall be adjourned to <font style="font-weight: bold;">July 23, 2020</font>, at the same time and place. If a quorum is not present within one half hour of the time designated for the adjourned Meeting, two shareholders who are present
      in person or by proxy, or who have delivered a proxy card, shall constitute a quorum.</div>
    <div style="line-height: 1.25">&#160;</div>
    <div style="text-align: justify; text-indent: 28.35pt; line-height: 1.25;">The approval of each of Items 1 and 2 requires the affirmative vote of the holders of a majority of the voting power represented and voting on the matter in person or by proxy.</div>
    <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" id="DSPFPageBreakArea">
      <div style="text-align: center;" id="DSPFPageNumberArea"><font style="color: #000000; font-weight: normal; font-style: normal;" id="DSPFPageNumber">7</font></div>
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    </div>
    <div style="line-height: 1.25">&#160;</div>
    <div style="text-align: justify; text-indent: 28.35pt; line-height: 1.25;">The approval of each of Item 3 and 4, requires the affirmative vote of at least a majority of the Shares present, in person or by proxy, and voting on the matter, provided that
      (i) such a majority includes at least a majority of the total votes of shareholders who are not controlling shareholders of the Company or who do not have personal interest do not have personal interest (with respect to Item 4 excluding a personal
      interest that is not related to a relationship with the controlling shareholders) in the approval of the proposal set forth in Item 3 and 4 or (ii) the total number of Shares of the shareholders mentioned in clause (i) above that are voted against
      such proposal does not exceed two percent (2%) of the total voting rights in the Company.</div>
    <div style="line-height: 1.25">&#160;</div>
    <div style="text-align: justify; text-indent: 28.35pt; line-height: 1.25; font-weight: bold;">In the proxy card attached to the proxy statement, you will be asked to indicate whether or not you are a controlling shareholder of the Company or whether or
      not you have a personal interest in the approval of the proposal set forth in Item 3 and 4. If any shareholder casting a vote does not notify us whether or not they are a controlling shareholder of the Company or whether or not they have a personal
      interest in the approval of the proposal set forth in Item 3 and 4, their vote, with respect to this Item, will be disqualified.</div>
    <div style="line-height: 1.25">&#160;</div>
    <div style="text-align: justify; text-indent: 28.35pt; line-height: 1.25;">Under the 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. A shareholder will be deemed to have a personal interest if any member of such shareholder's immediate family or their spouse has a personal interest in the adoption of the relevant
      proposal.&#160;&#160;In addition, a shareholder will be deemed to have a personal interest if a company, other than TAT Technologies, that is affiliated to such shareholder has a personal interest in the adoption of the relevant proposal.&#160;&#160;Such company is a
      company in which the shareholder or a member of such shareholder's 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;&#160;However, a shareholder will not be deemed to have a personal interest in the adoption of the proposal if the shareholder's interest in such proposal arises solely from ownership of TAT Technologies' shares, or to a matter that is not related
      to a relationship with a controlling shareholder<font style="font-weight: bold;">.</font></div>
    <div style="line-height: 1.25">&#160;</div>
    <div style="text-align: justify; margin-right: 1.7pt; line-height: 1.25; font-weight: bold;">Reporting Requirements</div>
    <div style="line-height: 1.25">&#160;</div>
    <div style="text-align: justify; text-indent: 28.35pt; margin-right: 1.7pt; line-height: 1.25;">We are subject to the information reporting requirements of the Securities Exchange Act of 1934, as amended (the &#8220;<font style="font-weight: bold;"><u>Exchange


          Act</u></font>&#8221;), applicable to foreign private issuers. We fulfill these requirements by filing reports with the Commission. Our filings with the Commission may be inspected without charge at the Commission&#8217;s Public Reference Room at 100 F
      Street, N.E., Washington, D.C. 20549. Information on the operation of the Public Reference Room can be obtained by calling the Commission at 1-800-SEC-0330. Our filings are also available to the public on the Commission&#8217;s website at <u>http://www.sec.gov</u>.</div>
    <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" id="DSPFPageBreakArea">
      <div style="text-align: center;" id="DSPFPageNumberArea"><font style="color: #000000; font-weight: normal; font-style: normal;" id="DSPFPageNumber">8</font></div>
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    </div>
    <div style="line-height: 1.25">&#160;</div>
    <div style="text-align: justify; text-indent: 28.35pt; margin-right: 1.7pt; line-height: 1.25;">As a foreign private issuer, we are exempt from the rules under the Exchange Act related to the furnishing and content of proxy statements. The circulation
      of this notice and proxy statement should not be taken as an admission that we are subject to the proxy rules under the Exchange Act.</div>
    <div style="line-height: 1.25">&#160;</div>
    <div style="text-align: center;"><font style="font-weight: bold;">After Careful Consideration, Our Board Recommends That Shareholders Vote </font></div>
    <div style="text-align: center;"><font style="font-weight: bold;">&#8220;For&#8221; The Proposals Described In This Proxy Statement. </font></div>
    <div style="line-height: 1.25">&#160;</div>
    <div style="text-align: justify; line-height: 1.25; font-weight: bold;">ITEM 1: APPROVAL OF THE REAPPOINTMENT OF KESSELMAN &amp; KESSELMAN PWC ISRAEL, A MEMBER OF PRICEWATERHOUSECOOPERS INTERNATIONAL LTD., AS OUR INDEPENDENT CERTIFIED PUBLIC
      ACCOUNTANTS, EFFECTIVE AS OF THE APPROVAL BY THE MEETING UNTIL OUR NEXT ANNUAL MEETING OF SHAREHOLDERS, AND DELEGATION TO THE COMPANY'S BOARD OF DIRECTORS (OR, THE AUDIT COMMITTEE, IF AUTHORIZED BY THE BOARD OF DIRECTORS) THE AUTHORITY TO DETERMINE
      THE ACCOUNTANTS' REMUNERATION IN ACCORDANCE WITH THE VOLUME AND NATURE OF THEIR SERVICES.</div>
    <div style="line-height: 1.25;"><br style="line-height: 1.25;">
    </div>
    <div style="text-align: justify; text-indent: 28.35pt; margin-right: 1.7pt; line-height: 1.25;">Under the Companies Law and the Company&#8217;s articles of association, the shareholders of the Company are authorized to appoint the Company&#8217;s independent
      certified public accountants. In addition, the approval by the Company&#8217;s Audit Committee of the re-appointment and remuneration of the independent certified public accountants is required under the corporate governance rules of The NASDAQ Stock
      Market.</div>
    <div style="line-height: 1.25">&#160;</div>
    <div style="text-align: justify; text-indent: 28.35pt; margin-right: 1.7pt; line-height: 1.25;">We first appointed Kesselman &amp; Kesselman PwC Israel, a member of PricewaterhouseCoopers International Ltd., as our independent certified public
      accountants in 2009. Kesselman &amp; Kesselman PwC Israel has no relationship with us or any of our affiliates except as auditors.</div>
    <div style="line-height: 1.25">&#160;</div>
    <div style="text-align: justify; text-indent: 28.35pt; margin-right: 1.7pt; line-height: 1.25;">At the Meeting, and in accordance with the recommendation of our Audit Committee and Board of Directors, the shareholders will be asked to approve the
      re-appointment of Kesselman &amp; Kesselman PwC Israel as our independent registered public accountants effective as of the approval by the Meeting and until the Company's next Annual Meeting of Shareholders. As a result of Kesselman &amp; Kesselman
      PwC Israel&#8217;s familiarity with our operations and its reputation in the auditing field, our Audit Committee and Board of Directors believe that Kesselman &amp; Kesselman PwC Israel has the necessary personnel, professional qualifications and
      independence to act as our independent certified public accountants.</div>
    <div style="line-height: 1.25">&#160;</div>
    <div style="text-align: justify; text-indent: 28.35pt; margin-right: 1.7pt; line-height: 1.25;">At the Meeting, the shareholders will also be asked to delegate to our Board of Directors (or, the Audit Committee, if authorized by the Board of Directors)
      the authority to determine the remuneration of our independent certified public accountants according to the volume and nature of their services. With respect to fiscal year 2019, we approved payment to Kesselman &amp; Kesselman PwC Israel of
      approximately $250K for audit services (including special approvals) and $40K for tax-related services.</div>
    <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" id="DSPFPageBreakArea">
      <div style="text-align: center;" id="DSPFPageNumberArea"><font style="color: #000000; font-weight: normal; font-style: normal;" id="DSPFPageNumber">9</font></div>
      <div style="page-break-after: always;" id="DSPFPageBreak">
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    </div>
    <div style="line-height: 1.25">&#160;</div>
    <div style="text-align: justify; text-indent: 28.35pt; margin-right: 1.7pt; line-height: 1.25;">It is therefore proposed that at the Meeting the shareholders adopt the following resolution:</div>
    <div style="line-height: 1.25">&#160;</div>
    <div style="text-align: justify; line-height: 1.25;">&#8220;<font style="font-weight: bold;"><u>RESOLVED</u></font>, <font style="font-weight: bold;">THAT THE RE-APPOINTMENT OF KESSELMAN &amp; KESSELMAN PWC ISRAEL, A MEMBER OF PRICEWATERHOUSECOOPERS
        INTERNATIONAL LTD., AS THE INDEPENDENT CERTIFIED PUBLIC ACCOUNTANTS OF THE COMPANY EFFECTIVE AS OF THE APPROVAL BY THE MEETING AND UNTIL THE COMPANY'S NEXT ANNUAL MEETING OF SHAREHOLDERS, BE AND HEREBY</font><font style="font-weight: bold;"> IS </font><font style="font-weight: bold;">APPROVED, AND IT IS FURTHER RESOLVED, THAT THE BOARD OF DIRECTORS (OR, THE AUDIT COMMITTEE, IF AUTHORIZED BY THE BOARD OF DIRECTORS) BE, AND HEREBY ARE, AUTHORIZED TO DETERMINE THE REMUNERATION OF SUCH AUDITORS IN
        ACCORDANCE WITH THE VOLUME AND NATURE OF THEIR SERVICES.&#8221;</font></div>
    <div style="text-align: justify; line-height: 1.25;"><br style="line-height: 1.25;">
    </div>
    <div style="text-align: justify; line-height: 1.25;"><font style="font-weight: bold;">ITEM 2:</font>&#160;<font style="font-weight: bold;">APPROVAL OF THE RE-ELECTION OF EACH OF MR. AMOS MALKA, MR. RON BEN HAIM, MR. AMI BOEHM, AND MS. DAFNA GRUBER
        (INDEPENDENT DIRECTOR) TO SERVE AS DIRECTORS OF THE COMPANY</font><font style="font-weight: bold;">, EACH TO HOLD OFFICE UNTIL OUR NEXT ANNUAL GENERAL MEETING OF SHAREHOLDERS</font><font style="font-weight: bold;">.</font></div>
    <div style="text-align: justify; text-indent: 28.35pt; margin-right: 1.7pt; line-height: 1.25;"><br style="line-height: 1.25;">
    </div>
    <div style="text-align: justify; text-indent: 28.35pt; margin-right: 1.7pt; line-height: 1.25;">The Company's Articles of Association provide for a Board of Directors consisting of no less than two and no more than eleven members. Our Board of
      Directors is currently composed of 6 directors (prior to this Meeting), including two external director appointed in accordance with the Companies Law. Our directors, other than our external directors, are elected at each annual meeting of
      shareholders. All the members of our Board of Directors (except the external directors who may be re-elected pursuant to the terms and subject to the conditions stipulated in the Companies Law) may be re-elected upon completion of their term of
      office.</div>
    <div style="line-height: 1.25">&#160;</div>
    <div style="text-align: justify; text-indent: 28.35pt; margin-right: 1.7pt; line-height: 1.25;">At the Meeting, our shareholders are being asked to re-elect Mr. Amos Malka, Mr. Ron Ben Haim, Mr. Ami Boehm and Ms. Dafna Gruber (Independent Director) to
      serve as directors of the Company, to hold office until our next Annual General Meeting of Shareholders.</div>
    <div style="line-height: 1.25">&#160;</div>
    <div style="text-align: justify; text-indent: 28.35pt; margin-right: 1.7pt; line-height: 1.25;">Under the Companies Law, the Board of Directors of a public company is required to determine the minimum number of directors with &#8220;accounting and financial
      expertise&#8221; who will serve on the board. Our Board of Directors determined that at least two directors must have &#8220;accounting and financial expertise&#8221; as such term is defined by regulations promulgated under the Companies Law. The Board of Directors
      determined that Ami Boehm, Ron Ben Haim, and Dafna Gruber, all have &#8220;accounting and financial expertise&#8221;. Furthermore, our audit committee determined on August 20<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">th</sup> 2013 that Ms. Dafna Gruber qualifies as an &#8220;independent&#8221; director within
      the meaning of this term under the Companies Law.</div>
    <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" id="DSPFPageBreakArea">
      <div style="text-align: center;" id="DSPFPageNumberArea"><font style="color: #000000; font-weight: normal; font-style: normal;" id="DSPFPageNumber">10</font></div>
      <div style="page-break-after: always;" id="DSPFPageBreak">
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    </div>
    <div style="line-height: 1.25">&#160;</div>
    <div style="text-align: justify; text-indent: 28.35pt; margin-right: 1.7pt; line-height: 1.25;">We are a &#8220;controlled company&#8221; within the meaning of the NASDAQ Marketplace Rules. As such, we are exempt from the NASDAQ Marketplace Rules requirement that
      a majority of a company&#8217;s Board of Directors must qualify as independent directors within the meaning of the NASDAQ Marketplace Rules. We are also exempt from the NASDAQ Marketplace Rules requirement regarding the process for the nomination of
      directors; instead, we follow Israeli law and practice in accordance with which directors are proposed by the Board of Directors and elected by the shareholders, unless otherwise provided in a company&#8217;s articles of association. Our articles of
      association provide that the directors (except the external directors) may also be appointed by a vote of a majority of directors then in office. Our practice has been that our director nominees are presented in our proxy statement for election at
      our annual meetings of shareholders.</div>
    <div style="line-height: 1.25">&#160;</div>
    <div style="text-align: justify; text-indent: 28.35pt; margin-right: 1.7pt; line-height: 1.25;">Under the Companies Law, the affirmative vote of the holders of a majority of the voting power represented at the Meeting, in person or by proxy, entitled
      to vote and voting thereon, is required to re-elect each of the nominees named above.</div>
    <div style="line-height: 1.25">&#160;</div>
    <div style="text-align: justify; text-indent: 28.35pt; margin-right: 1.7pt; line-height: 1.25;">Set forth below is information about each nominee, including age, position(s) held with the Company, principal occupation, business history and other
      directorships held.</div>
    <div style="line-height: 1.25">&#160;</div>
    <div style="text-align: justify; text-indent: 28.35pt; margin-right: 1.7pt; line-height: 1.25;"><font style="font-weight: bold; font-style: italic;">Mr. Amos Malka</font>&#160;<font style="font-weight: bold;">(67)</font> was elected as Chairman of&#160;our Board
      of Directors in June 2016. Mr. Malka is the founder and chairman of Nyotron Information Security Ltd., a privately-held cyber security provider and of Spire Security Solutions Ltd., a security, intelligence and cyber security provider. From 2007
      until 2015, Mr. Malka served as the chairman and CEO of Logic Industries Ltd. From 2007 until 2010, he also served as chairman of Plasan Sasa LTD., an armored vehicle manufacturer. From 2005 until 2007, he served as the chairman of Albar, a leading
      company in the Israeli automobile sector. From 2002 until 2005, Mr. Malka served as the CEO of Elul Technologies Ltd., Israel's largest aerospace and defense business development and consulting company. Mr. Malka retired from the IDF in 2002 at the
      rank of Major General, after 31 years of service. He served as commander of the IDF Ground Forces Command, and later as Head of the Israeli Defense Intelligence, a post he held until his retirement in 2002. Mr. Malka holds B.A. in History from Tel
      Aviv University, Israel. He also graduated from the IDF Staff &amp; Command College and its National Defense Academy.</div>
    <div style="line-height: 1.25">&#160;</div>
    <div style="text-align: justify; text-indent: 28.35pt; margin-right: 1.7pt; line-height: 1.25;"><font style="font-weight: bold; font-style: italic;">Mr. Ron Ben-Haim</font>&#160;<font style="font-weight: bold;">(50)</font>&#160;<font style="background-color: #FFFFFF;">joined TAT&#8217;s Board of Directors in August 2013. Mr. Ben-Haim is a partner at FIMI Opportunity Fund since 2006. Mr. Ben Haim was previously with Compass Advisers, LLP, an investment banking firm with offices in New York and Tel Aviv and
        with the Merrill Lynch Mergers &amp; Acquisitions group in New York. Prior to Merrill Lynch, Mr. Ben-Haim worked at Teva Pharmaceutical Industries in production management. Mr. Ben-Haim holds a B.Sc. in Industrial Engineering from Tel Aviv
        University and an MBA from New York University. In his capacity at FIMI, Mr. Ben-Haim currently serves on the board of directors of Tadir-Gan Precision Products, Ltd., Inrom Construction, Ltd., Nirlat Paints, Ltd., Alony, Ltd., Hadera Paper Ltd.,
        Magal Security Systems, Ltd., Polyram Plastic Industries, Ltd., Rivulis Irrigation, Ltd., Oxygen and Argon Works, Ltd. and Overseas Commerce, Ltd.</font></div>
    <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" id="DSPFPageBreakArea">
      <div style="text-align: center;" id="DSPFPageNumberArea"><font style="color: #000000; font-weight: normal; font-style: normal;" id="DSPFPageNumber">11</font></div>
      <div style="page-break-after: always;" id="DSPFPageBreak">
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    </div>
    <div style="line-height: 1.25">&#160;</div>
    <div style="text-align: justify; text-indent: 28.35pt; margin-right: 1.7pt; line-height: 1.25;"><font style="font-weight: bold; font-style: italic;">Mr. Amiram Boehm</font>&#160;<font style="font-weight: bold;">(48)</font>&#160;<font style="background-color: #FFFFFF;">joined TAT's Board of Directors in June 2016. Mr. Boem is a partner at FIMI Opportunity Fund since 2006. Prior to joining FIMI, from 1999 until 2004, Mr. Boehm served as Head of Research at Discount Capital Markets, the investment arm of
        Israel Discount Bank. In his capacity at FIMI, Mr. Boehm currently also serves as the Managing Partner and Chief Executive Officer of FITE GP (2004) as well as a director of Ham-Let (Israel-Canada) Ltd., Hadera Paper Ltd., Rekah Pharmaceuticals
        Ltd., Pharm-up Ltd., Galam Ltd., Delekson Ltd. and DIMAR Ltd. Mr. Boehm previously served as a director of Magal S3 Security Systems Ltd., Scope Metal Trading, Ltd., Inter Industries, Ltd., Global Wire Ltd. , Telkoor Telecom Ltd. and Solbar
        Industries Ltd. Mr. Boehm holds a B.A. in Economics and LL.B. from Tel Aviv University and a Joint MBA from Northwestern University and Tel Aviv University</font><font style="font-weight: bold; font-style: italic;">.</font></div>
    <div style="line-height: 1.25">&#160;</div>
    <div style="text-align: justify; text-indent: 28.35pt; margin-right: 1.7pt; line-height: 1.25;"><font style="font-weight: bold; font-style: italic;">Ms. Dafna Gruber</font><font style="font-weight: bold;"> (55)</font>&#160;<font style="background-color: #FFFFFF;">joined&#160; TAT&#8217;s Board of Directors as an external director&#160;in November 2013. Since February 2019 Ms. Gruber has been serving as chief financial officer of Aqua Security, a private company. from 2017 until 2018, Ms. Gruber served as chief
        financial officer of Landa Corporation Ltd., a private company. From 2015 until 2017, Ms. Gruber served as the chief financial officer of Clal Industries Ltd., a private holding company. From 2007 until 2015, Ms. Gruber served as the CFO of NICE
        Ltd., a public company traded on NASDAQ and the TASE. From 1996 until April 2007, Ms. Gruber was part of Alvarion Ltd., a company which traded on NASDAQ and the TASE, mostly as the company&#8217;s CFO. Ms. Gruber serves as an external director at Nova
        Measuring Systems Ltd., a public company traded on NASDAQ and the TASE and Tufin Software Technologies Ltd. a public company traded on NYSE. Ms. Gruber is a Certified Public Accountant (Israel) and holds a Bachelor&#8217;s degree in Accounting and
        Economics from Tel Aviv University, Israel</font><font style="font-weight: bold; font-style: italic;">.</font></div>
    <div style="line-height: 1.25">&#160;</div>
    <div style="text-align: justify; text-indent: 28.35pt; margin-right: 1.7pt; line-height: 1.25;"><font style="font-weight: bold; font-style: italic;">&#160;</font>Attached as <font style="font-weight: bold;"><u>Appendix A</u></font> are the declarations
      according to the Companies Law of Mr. Amos Malka, Mr. Ron Ben Haim, Mr. Ami Boehm and Ms. Dafna Gruber.</div>
    <div style="line-height: 1.25">&#160;</div>
    <div style="text-align: justify; text-indent: 28.35pt; margin-right: 1.7pt; line-height: 1.25;">Each of the director nominees has certified to the Company that he or she complies with all requirements under the Companies Law for serving as a director.</div>
    <div style="line-height: 1.25">&#160;</div>
    <div style="text-align: justify; text-indent: 28.35pt; margin-right: 1.7pt; line-height: 1.25;">It is therefore proposed that at the Meeting the shareholders adopt the following resolution:</div>
    <div style="line-height: 1.25">&#160;</div>
    <div style="text-align: justify; margin-right: 1.7pt; line-height: 1.25;">&#8220;<font style="font-weight: bold;"><u>RESOLVED</u></font>, <font style="font-weight: bold;">TO APPROVE THE RE-ELECTION OF EACH OF MR. AMOS MALKA, MR. RON BEN HAIM, MR. AMI BOEHM
        AND MS. DAFNA GRUBER, TO SERVE AS DIRECTORS OF THE COMPANY</font><font style="font-weight: bold;"> AND</font><font style="font-weight: bold;"> TO HOLD OFFICE UNTIL OUR NEXT ANNUAL GENERAL MEETING OF SHAREHOLDERS&#8221;</font>.</div>
    <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" id="DSPFPageBreakArea">
      <div style="text-align: center;" id="DSPFPageNumberArea"><font style="color: #000000; font-weight: normal; font-style: normal;" id="DSPFPageNumber">12</font></div>
      <div style="page-break-after: always;" id="DSPFPageBreak">
        <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; line-height: 1.25;"><br style="line-height: 1.25;">
    </div>
    <div style="text-align: justify; line-height: 1.25;"><font style="font-weight: bold;">ITEM 3: </font><font style="font-weight: bold;">RENEWING THE COMPANY'S COMPENSATION POLICY FOR AN ADDITIONAL THREE (3) YEARS UNDER THE CURRENT PRINCIPLES, TERMS AND
        CONDITIONS </font>EXCEPT AMENDMENT TO THE TERMS OF OUR D&amp;O POLICY<font style="font-weight: bold;">.</font></div>
    <div style="line-height: 1.25">&#160;</div>
    <div style="text-align: justify; text-indent: 36pt; line-height: 1.25;">According to the Companies Law, the Compensation Policy must be approved by the Company's Board, following the recommendation of the Company's Compensation Committee and the
      Shareholders of the Company (except in limited circumstances set forth in the Companies Law), every three (3) years.</div>
    <div style="line-height: 1.25">&#160;</div>
    <div style="text-align: justify; text-indent: 36pt; line-height: 1.25;">In accordance with the Israeli law requirement, in 2016 our Compensation Committee and subsequently our Board of Directors and shareholders reviewed, updated and approved the
      compensation policy.</div>
    <div style="line-height: 1.25">&#160;</div>
    <div style="text-align: justify; text-indent: 36pt; line-height: 1.25;">In accordance with Israeli law requirement above, our Compensation Committee reviewed, updated and readopted the written compensation policy for our executives and directors
      (referred to under the Israeli Companies Law as office holders).&#160; A copy of the proposed updated Compensation Policy for Office Holders is attached as <font style="font-weight: bold;"><u>Appendix </u></font><font style="font-weight: bold;"><u>B</u></font>
      hereto which is marked to show changes from the Policy approved by the shareholders in 2019 (the &#8220;Updated Compensation Policy&#8221;). Our Board of Directors subsequently approved the policy and recommended that it be adopted by the shareholders. </div>
    <div style="line-height: 1.25">&#160;</div>
    <div style="text-align: justify; text-indent: 36pt; line-height: 1.25;">Our Compensation Committee and our Board of Directors recommends that you vote &#8220;<font style="font-weight: bold;">FOR</font>" this resolution.</div>
    <div style="line-height: 1.25">&#160;</div>
    <div style="text-align: justify; text-indent: 28.35pt; margin-right: 1.7pt; line-height: 1.25;">&#160;&#160; It is therefore proposed that at the Meeting the shareholders adopt the following resolution:</div>
    <div style="line-height: 1.25">&#160;</div>
    <div style="text-align: justify; line-height: 1.25;"><font style="font-weight: bold;">&#160;&#8220;</font><font style="font-weight: bold;"><u>RESOLVED</u></font><font style="font-weight: bold;">, </font><font style="font-weight: bold;">TO REAPPROVE THE </font><font style="font-weight: bold;">UPDATED</font>&#160;<font style="font-weight: bold;">COMPENSATION POLICY AS</font><font style="font-weight: bold;"> SET FORTH IN APPENDIX </font><font style="font-weight: bold;">B</font><font style="font-weight: bold;">
        ATTACHED HERETO."</font></div>
    <div style="line-height: 1.25;"><br style="line-height: 1.25;">
    </div>
    <div style="text-align: justify; line-height: 1.25;"><font style="font-weight: bold;">ITEM 4: APPROVAL OF THE RE-ELECTION OF MR. ABRAHAM</font>&#160;<font style="font-weight: bold;">SHANI</font>&#160;<font style="font-weight: bold;">TO SERVE AS AN EXTERNAL
        DIRECTOR IN THE COMPANY FOR AN ADDITIONAL THREE (3) YEARS TERM COMMENCING ON THE DATE OF HIS ELECTION AT THE MEETING AND APPROVAL OF HIS RECOMPENSE</font></div>
    <div style="line-height: 1.25">&#160;</div>
    <div style="text-align: justify; text-indent: 28.35pt; line-height: 1.25;">The Companies Law requires Israeli companies with shares that have been offered to the public, to appoint at least two external directors. Our Board of Directors is currently
      composed of two external director appointed in accordance with the Israeli Companies Law (Mr. Avraham Shani and Mr. Aviram Halevi).</div>
    <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" id="DSPFPageBreakArea">
      <div style="text-align: center;" id="DSPFPageNumberArea"><font style="color: #000000; font-weight: normal; font-style: normal;" id="DSPFPageNumber">13</font></div>
      <div style="page-break-after: always;" id="DSPFPageBreak">
        <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">&#160;</div>
    <div style="text-align: justify; text-indent: 28.35pt; margin-right: 1.7pt; line-height: 1.25;"><font style="font-weight: bold; font-style: italic;">Mr. Abraham Shani (72)</font>&#160;<font style="background-color: #FFFFFF;">joined&#160; TAT&#8217;s Board of Directors
        as an external director in 2008. In June 2017, Mr. Shani was re-elected to serve as an external director for another three-year term.&#160; From 2005 until 2008, Mr. Shani served as the CEO of TCM Mobile Ltd. Prior to that, from 2000 until 2004, he
        served as Executive Vice President Investments and Chief Economist of IDB Development, a leading Israeli holding company, responsible for the company&#8217;s new investments. Since 2012 until 2018 Mr. Shani served on the board of directors of Harel Sal
        and Ecommunity. Mr. Shani holds a B.A. in Economics and an MBA, both from Tel Aviv University</font>.</div>
    <div style="line-height: 1.25">&#160;</div>
    <div style="text-align: justify; text-indent: 28.35pt; line-height: 1.25;">Mr. Abraham Shani has certified that he fulfills the conditions required for being appointed as an external director according to the Israeli Companies Law.</div>
    <div style="line-height: 1.25">&#160;</div>
    <div style="text-align: justify; text-indent: 28.35pt; line-height: 1.25;">&#160;Attached as <font style="font-weight: bold;"><u>Appendix A</u></font> is the declaration according to the Companies Law of Mr. Abraham Shani</div>
    <div style="line-height: 1.25">&#160;</div>
    <div style="text-align: justify; text-indent: 28.35pt; line-height: 1.25;">Subject to the approval of Mr. Shani's election by the Meeting, Mr. Shani's terms of employment will remain unchanged, including his entitlement to benefit from an
      indemnification, and D&amp;O insurance in accordance with the Company's Compensation Policy.</div>
    <div style="line-height: 1.25">&#160;</div>
    <div style="text-align: justify; text-indent: 28.35pt; line-height: 1.25;">Additionally, Subject to the approval Mr. Shani's election by the Meeting, Mr.<font style="font-weight: bold;">&#160;</font>Shani will be entitled to compensation at the fixed sum,
      in accordance with the Compensation Regulations of the Israeli Companies Regulations (Rules Regarding Compensation and Expenses for an External Director), 2000.</div>
    <div style="line-height: 1.25">&#160;</div>
    <div style="text-align: justify; text-indent: 28.35pt; line-height: 1.25;">It is therefore proposed that at the Meeting the shareholders adopt the following resolution:</div>
    <div style="line-height: 1.25">&#160;</div>
    <div style="text-align: justify; line-height: 1.25;"><font style="font-weight: bold;">RESOLVED,</font>&#160;<font style="font-weight: bold;">TO APPROVE THE RE-ELECTION OF MR. SHANI AS AN EXTERNAL DIRECTOR OF THE COMPANY AND TO HOLD OFFICE FOR AN ADDITIONAL
        PERIOD OF THREE (3) YEARS COMMENCING ON THE DATE OF HIS ELECTION AT THE MEETING.</font></div>
    <div style="line-height: 1.25;"><br style="line-height: 1.25;">
    </div>
    <div style="text-align: justify; line-height: 1.25; font-weight: bold;">FURTHER RESOLVED, TO APPROVE MR. SHANI'S ENTITLEMENT TO INDEMNIFICATION, D&amp;O INSURANCE IN ACCORDANCE WITH THE COMPANY'S COMPENSATION POLICY AND COMPENSATION AT THE FIXED SUM,
      IN ACCORDANCE WITH THE COMPENSATION REGULATIONS OF THE COMPANIES REGULATIONS (RULES REGARDING COMPENSATION AND EXPENSES FOR AN EXTERNAL DIRECTOR), 2000.</div>
    <div style="text-align: justify; line-height: 1.25; font-weight: bold;"><br>
      CONSIDERATION OF THE ANNUAL FINANCIAL STATEMENTS</div>
    <div style="line-height: 1.25">&#160;</div>
    <div style="text-align: justify; text-indent: 36pt; line-height: 1.25;">In addition to voting on Items 1 through 4 as described above, the shareholders will be invited to discuss at the Meeting the Company&#8217;s audited consolidated financial statements
      for the year ended December 31, 2019.</div>
    <div style="line-height: 1.25;"><br style="line-height: 1.25;">
    </div>
    <div style="text-align: justify; line-height: 1.25; font-weight: bold;">OTHER BUSINESS</div>
    <div style="line-height: 1.25">&#160;</div>
    <div style="text-align: justify; text-indent: 28.35pt; line-height: 1.25;">The Management knows of no other business to be acted upon at the Meeting. However, if any other business properly comes before the Meeting, the persons named in the enclosed
      proxy will vote upon such matters in accordance with their best judgment.</div>
    <div style="line-height: 1.25">&#160;</div>
    <div style="text-align: justify; text-indent: 28.35pt; margin-right: 1.7pt; line-height: 1.25;">Should changes be made to any Item on the agenda for the Meeting after the publication of this Proxy Statement, we will communicate the changes to our
      shareholders through the publication of a press release, a copy of which will be filed with the Securities and Exchange Commission on Form 6-K and with the Israeli Securities Authority.</div>
    <div style="line-height: 1.25">&#160;</div>
    <table cellspacing="0" cellpadding="0" border="0" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;" id="ze2211aa9884449df9ab98e8901903b1d">

        <tr>
          <td style="width: 100%; vertical-align: top;">
            <div style="text-align: justify; margin-right: 1.7pt; line-height: 1.25;">By the Order of the Board of Directors,</div>
          </td>
        </tr>
        <tr>
          <td style="width: 100%; vertical-align: top;">
            <div style="line-height: 1.25;"><font style="line-height: 1.25;">&#160;</font></div>
            <div style="text-align: justify; margin-right: 1.6pt; line-height: 1.25;"><u>/s/ Ehud Ben-Yair, CFO</u></div>
            <div style="text-align: justify; margin-right: 1.7pt; line-height: 1.25;">Dated: July 1, 2020</div>
          </td>
        </tr>

    </table>
    <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" id="DSPFPageBreakArea">
      <div style="text-align: center;" id="DSPFPageNumberArea"><font style="color: #000000; font-weight: normal; font-style: normal;" id="DSPFPageNumber">14</font></div>
      <div style="page-break-after: always;" id="DSPFPageBreak">
        <hr noshade="noshade" style="border-width: 0px; clear: both; margin: 4px 0px; width: 100%; height: 2px; color: #000000; background-color: #000000;"></div>
    </div>
    <div>
      <div>
        <div style="text-align: right; line-height: 1.25; font-weight: bold;"><u>Appendix A</u></div>
      </div>
      <div><br>
      </div>
      <div>
        <div style="text-align: center; line-height: 1.25; font-weight: bold;"><u>&#160;Director Eligibility Declaration</u></div>
        <div style="line-height: 1.25">&#160;</div>
        <div style="text-align: justify; line-height: 1.25;">Pursuant to Sections 224A &#8211; 227 of the Companies Law, 5759-1999 (hereinafter: "<font style="font-weight: bold;">the Law</font>") and stating the expertise of the director in accordance to the
          Companies Regulations (Conditions and Tests for a Professionally Eligible Director with Accounting and Financial Expertise and for a Professionally Eligible Director), 5766-2005, and for observance of Sections 92(A)(12) and 219(d) of the
          Companies Law, intended for tenure in TAT TECHNOLOGIES LTD. (hereinafter: "<font style="font-weight: bold;">the Company</font>")</div>
        <div style="line-height: 1.25">&#160;</div>
        <div style="line-height: 1.25;">Date of appointment:&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<u>the date of the Annual General meeting of Shareholders</u></div>
        <div style="line-height: 1.25">&#160;</div>
        <table cellspacing="0" cellpadding="0" id="z940311c3ae2b40eda04cc3575dfa3e03" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

            <tr>
              <td style="width: 26.08%; vertical-align: top;" colspan="2">
                <div style="line-height: 1.25;">Name of Candidate:</div>
              </td>
              <td style="width: 3.97%; vertical-align: top;">&#160;</td>
              <td style="width: 19.03%; vertical-align: middle; border-bottom: #000000 2px solid;">
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              </td>
              <td style="width: 3.05%; vertical-align: middle;">&#160;</td>
              <td style="width: 21.38%; vertical-align: middle; border-bottom: #000000 2px solid;">
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              <td style="width: 3.05%; vertical-align: top;">&#160;</td>
              <td style="width: 23.42%; vertical-align: top;">&#160;</td>
            </tr>
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              <td style="width: 14.06%; vertical-align: top;">&#160;</td>
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              <td style="width: 21.38%; vertical-align: top;">
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              <td style="width: 3.05%; vertical-align: top;">&#160;</td>
              <td style="width: 23.42%; vertical-align: top;">&#160;</td>
            </tr>
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              <td style="width: 12.02%; vertical-align: top;">&#160;</td>
              <td style="width: 14.06%; vertical-align: top;">&#160;</td>
              <td style="width: 3.97%; vertical-align: top;">&#160;</td>
              <td style="width: 19.03%; vertical-align: top;">&#160;</td>
              <td style="width: 3.05%; vertical-align: top;">&#160;</td>
              <td style="width: 21.38%; vertical-align: top;">&#160;</td>
              <td style="width: 3.05%; vertical-align: top;">&#160;</td>
              <td style="width: 23.42%; vertical-align: top;">&#160;</td>
            </tr>
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              <td style="width: 26.08%; vertical-align: top;" colspan="2">
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              </td>
              <td style="width: 3.97%; vertical-align: top;">&#160;</td>
              <td style="width: 19.03%; vertical-align: middle; border-bottom: #000000 2px solid;">
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              <td style="width: 3.05%; vertical-align: middle;">&#160;</td>
              <td style="width: 21.38%; vertical-align: middle; border-bottom: #000000 2px solid;">
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              </td>
              <td style="width: 3.05%; vertical-align: top;">&#160;</td>
              <td style="width: 23.42%; vertical-align: top;">&#160;</td>
            </tr>
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                <div style="line-height: 1.25;">(according to passport)</div>
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                <div style="text-align: center; line-height: 1.25;">First name</div>
              </td>
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              <td style="width: 21.38%; vertical-align: top;">
                <div style="text-align: center; line-height: 1.25;">Surname</div>
              </td>
              <td style="width: 3.05%; vertical-align: top;">&#160;</td>
              <td style="width: 23.42%; vertical-align: top;">&#160;</td>
            </tr>
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              <td style="width: 12.02%; vertical-align: top;">&#160;</td>
              <td style="width: 14.06%; vertical-align: top;">&#160;</td>
              <td style="width: 3.97%; vertical-align: top;">&#160;</td>
              <td style="width: 19.03%; vertical-align: top;">&#160;</td>
              <td style="width: 3.05%; vertical-align: top;">&#160;</td>
              <td style="width: 21.38%; vertical-align: top;">&#160;</td>
              <td style="width: 3.05%; vertical-align: top;">&#160;</td>
              <td style="width: 23.42%; vertical-align: top;">&#160;</td>
            </tr>
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                <div style="line-height: 1.25;">ID No.</div>
              </td>
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                <div style="text-align: center; line-height: 1.25; font-family: 'Times New Roman',Times,serif;">051760007</div>
              </td>
              <td style="width: 3.97%; vertical-align: top;">&#160;</td>
              <td style="width: 19.03%; vertical-align: top;">&#160;</td>
              <td style="width: 3.05%; vertical-align: top;">&#160;</td>
              <td style="width: 21.38%; vertical-align: top;">&#160;</td>
              <td style="width: 3.05%; vertical-align: top;">&#160;</td>
              <td style="width: 23.42%; vertical-align: top;">&#160;</td>
            </tr>
            <tr>
              <td style="width: 12.02%; vertical-align: top;">&#160;</td>
              <td style="width: 14.06%; vertical-align: top;">&#160;</td>
              <td style="width: 3.97%; vertical-align: top;">&#160;</td>
              <td style="width: 19.03%; vertical-align: top;">&#160;</td>
              <td style="width: 3.05%; vertical-align: top;">&#160;</td>
              <td style="width: 21.38%; vertical-align: top;">&#160;</td>
              <td style="width: 3.05%; vertical-align: top;">&#160;</td>
              <td style="width: 23.42%; vertical-align: top;">&#160;</td>
            </tr>
            <tr>
              <td style="width: 26.08%; vertical-align: top; padding-bottom: 2px;" colspan="2" rowspan="1">
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              </td>
              <td style="width: 3.97%; vertical-align: top; padding-bottom: 2px;" rowspan="1">&#160;</td>
              <td style="width: 19.03%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);" rowspan="1">
                <div style="text-align: center; line-height: 1.25;">24/01/1953</div>
              </td>
              <td style="width: 3.05%; vertical-align: top; padding-bottom: 2px;" rowspan="1">&#160;</td>
              <td style="width: 21.38%; vertical-align: top; padding-bottom: 2px;" rowspan="1">
                <div style="text-align: center; line-height: 1.25;">Nationality:</div>
              </td>
              <td style="width: 3.05%; vertical-align: top; padding-bottom: 2px;" rowspan="1">&#160;</td>
              <td style="width: 23.42%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);" rowspan="1">
                <div style="line-height: 1.25;">Israel</div>
              </td>
            </tr>
            <tr>
              <td style="width: 26.08%; vertical-align: top;" colspan="2">&#160;</td>
              <td style="width: 3.97%; vertical-align: top;">&#160;</td>
              <td style="width: 19.03%; vertical-align: top;">&#160;</td>
              <td style="width: 3.05%; vertical-align: top;">&#160;</td>
              <td style="width: 21.38%; vertical-align: top;">&#160;</td>
              <td style="width: 3.05%; vertical-align: top;">&#160;</td>
              <td style="width: 23.42%; vertical-align: top;">&#160;</td>
            </tr>
            <tr>
              <td style="width: 26.08%; vertical-align: top;" colspan="2">
                <div style="line-height: 1.25;">My address:</div>
              </td>
              <td style="width: 3.97%; vertical-align: top;">&#160;</td>
              <td style="width: 19.03%; vertical-align: top; border-bottom: #000000 2px solid;">
                <div style="text-align: center; line-height: 1.25;">Shaul Hamelech</div>
              </td>
              <td style="width: 3.05%; vertical-align: top;">&#160;</td>
              <td style="width: 21.38%; vertical-align: top; border-bottom: #000000 2px solid;">
                <div style="text-align: center; line-height: 1.25;">Tel-Aviv</div>
              </td>
              <td style="width: 3.05%; vertical-align: top;">&#160;</td>
              <td style="width: 23.42%; vertical-align: top; border-bottom: #000000 2px solid;">
                <div style="text-align: center; line-height: 1.25;">6473301</div>
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            <tr>
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              <td style="width: 3.97%; vertical-align: top;">&#160;</td>
              <td style="width: 19.03%; vertical-align: top;">
                <div style="text-align: center; line-height: 1.25;">Street</div>
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              <td style="width: 3.05%; vertical-align: top;">&#160;</td>
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              <td style="width: 3.05%; vertical-align: top;">&#160;</td>
              <td style="width: 23.42%; vertical-align: top;">
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            </tr>

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        <div style="text-indent: 108pt; line-height: 1.25;"><br style="line-height: 1.25;">
        </div>
        <div style="line-height: 1.25; font-weight: bold;">Declarations</div>
        <div style="line-height: 1.25">&#160;</div>
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            <tr>
              <td style="width: 21.3pt; vertical-align: top; align: right;">A.</td>
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                <div>I hereby confirm my consent to serve as a director in the Company.</div>
              </td>
            </tr>

        </table>
        <div style="line-height: 1.25">&#160;</div>
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            <tr>
              <td style="width: 21.3pt; vertical-align: top; align: right;">B.</td>
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                <div>I possess the necessary qualifications and skills and have the ability to dedicate the adequate time for the purpose of fulfilling my position as a director in the Company, taking into account, among other things, the Company's special
                  needs and its size, as required by the Law.</div>
              </td>
            </tr>

        </table>
        <div style="line-height: 1.25">&#160;</div>
        <div style="margin-left: 21.3pt; line-height: 1.25;">My qualifications were presented to the Company. For more information please see the most recent Form 20-F, which includes a updated description of my academic degrees, as well as previous
          experience relevant for the evaluation of my suitability to serve as a director.</div>
        <div style="line-height: 1.25">&#160;</div>
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            <tr>
              <td style="width: 21.3pt; vertical-align: top; align: right;">C.</td>
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                <div>I declare that I meet the eligibility requirements provided for by the Companies Law to serve as a director in the Company, and I declare that:</div>
              </td>
            </tr>

        </table>
        <div style="line-height: 1.25">&#160;</div>
        <div style="text-align: justify; text-indent: -21.25pt; margin-left: 42.55pt; line-height: 1.25;">1.&#160;&#160;&#160;&#160;&#160; I am not a minor, legally incompetent and I was not declared non-discharged bankrupt.</div>
        <div style="line-height: 1.25">&#160;</div>
        <div style="text-align: justify; text-indent: -21.25pt; margin-left: 42.55pt; line-height: 1.25;">2.&#160;&#160; &#160;&#160; My other positions or occupations will not form a conflict of interests with my position as a director and will not impair my ability to serve
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        <div style="line-height: 1.25">&#160;</div>
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        <div style="text-align: justify; text-indent: -21.25pt; margin-left: 42.55pt; line-height: 1.25;">3.&#160;&#160;&#160;&#160;&#160; I have not been convicted in a judgment in the first instance of the following offences and if I was previously convicted in a judgment of the
          following offences, the court determined, at the time of conviction or thereafter, at my request, that albeit my conviction of the following offences and considering, <font style="font-style: italic;">inter alia</font>, the circumstances under
          which the offence was committed, I have no hindrance to serve as a director in a public company or that five years or a shorter period of time (in which I have no hindrance to serve as a director in a public company) elapsed from the date the
          judgment of which I was convicted was rendered,&#160; at the court's decision:</div>
        <div style="line-height: 1.25">&#160;</div>
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            <tr>
              <td style="width: 42.55pt;"><br>
              </td>
              <td style="width: 21.25pt; vertical-align: top; align: right;">a)</td>
              <td style="width: auto; vertical-align: top; text-align: justify;">
                <div>Offences pursuant to Sections 290 to 297, 392, 415, 418 to 420 and 422 to 428 of the Penal Law, 5737-1977, and pursuant to Sections 52C, 52D, 53(A) and 54 of the Securities Law, 5728-1968 (hereinafter: "<font style="font-weight: bold;">the

                    Securities Law</font>") or Any other offence determined by the Minister of Justice by virtue of Section 226(C) of the Companies Law, 5759-1999.</div>
              </td>
            </tr>

        </table>
        <div style="line-height: 1.25">&#160;</div>
        <table cellspacing="0" cellpadding="0" id="zb6068ea8a0af4bd19fdff8a1ebcea889" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

            <tr>
              <td style="width: 42.55pt;"><br>
              </td>
              <td style="width: 21.25pt; vertical-align: top; align: right;">b)</td>
              <td style="width: auto; vertical-align: top; text-align: justify;">
                <div>Conviction in a court outside Israel of offences of bribery, deceit, offences by managers of a corporate body or offences involving misuse of inside information.</div>
              </td>
            </tr>

        </table>
        <div style="line-height: 1.25">&#160;</div>
        <div style="text-align: justify; text-indent: -21.25pt; margin-left: 42.55pt; line-height: 1.25;">4.&#160;&#160;&#160;&#160;&#160; I have not been convicted in a judgment in the first instance of any other offence, which is not mentioned in section 4 above, in respect of
          which a court holds that, due to the substance, gravity or circumstances of such offense, I am not fit to serve as a director in either a public company or a private company which is a bonds' company and if I was convicted in the past in a
          judgment in the first instance of the abovementioned offence, five years or a shorter period of time (in which I have no hindrance to serve as a director in a public company or a Bonds' company) elapsed from the date the judgment of which I was
          convicted was rendered,&#160; at the court's decision.</div>
        <div style="line-height: 1.25">&#160;</div>
        <div style="text-align: justify; text-indent: -21.25pt; margin-left: 42.55pt; line-height: 1.25;">5.&#160;&#160;&#160;&#160;&#160; No means of Enforcement (as defined in the Securities Law) have been imposed on me by The Administrative Enforcement Committee (as defined in
          the Securities Law) which forbids me to serve as a director in any public company or Bonds' company and/or the Company and if such means of enforcement was imposed on me, the period prescribed by the Administrative Enforcement Committee in its
          decision elapsed.</div>
        <div style="line-height: 1.25">&#160;</div>
        <div style="text-align: justify; text-indent: -21.25pt; margin-left: 42.55pt; line-height: 1.25;">6.&#160;&#160;&#160;&#160;&#160; If I cease to meet any of the conditions required pursuant to the Companies Law to my serving as a director in the Company or if there is any
          ground for the expiry of my tenure as a director in the Company, including due to conviction by a judgment in the first instance of an offence as stated in Section 4(A) or 5 above and/or due to a decision of the Administrative Enforcement
          Committee, as defined above &#8211; I will immediately inform the Company accordingly and my tenure will expire on the date the notice is delivered. I am aware that pursuant to Section 234 of the Companies Law, breaching such duty of disclosure will be
          deemed as having committed a breach of my fiduciary duty to the Company.</div>
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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>
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            <tr>
              <td style="width: 21.3pt; vertical-align: top; align: right;">D.</td>
              <td style="width: auto; vertical-align: top; text-align: justify;">
                <div>For the purpose of considering whether you are eligible to serve as a director with accounting and financial expertise or Professionally Eligible Director, please declare as follows, all definiteness are as of the date hereof in the
                  Companies Regulations (Conditions and Tests for a Professionally Eligible Director with Accounting and Financial Expertise and for a Professionally Eligible Director), 5766-2005:<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;"> 1</sup></div>
              </td>
            </tr>

        </table>
        <div style="line-height: 1.25">&#160;</div>
        <div style="text-align: justify; text-indent: -28.35pt; margin-left: 49.65pt; line-height: 1.25;">&#9744;&#160;&#160;&#160;&#160;&#160; Eligible to serve as a Director with accounting and financial expertise;</div>
        <div style="line-height: 1.25">&#160;</div>
        <div style="text-align: justify; text-indent: -28.35pt; margin-left: 49.65pt; line-height: 1.25;">&#9746;&#160;&#160;&#160;&#160;&#160; Eligible to serve as a Professionally Eligible Director;</div>
        <div style="line-height: 1.25">&#160;</div>
        <div style="text-align: justify; text-indent: -28.35pt; margin-left: 49.65pt; line-height: 1.25;">&#9744;&#160;&#160;&#160;&#160;&#160; None of the above;</div>
        <div style="line-height: 1.25">&#160;</div>
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            <tr>
              <td style="width: 21.3pt; vertical-align: top; align: right;">E.</td>
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                <div>For the purpose of considering whether you are an independent director, I declare as follows<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">2</sup>:</div>
              </td>
            </tr>

        </table>
        <div style="line-height: 1.25">&#160;</div>
        <div style="text-align: justify; text-indent: -14.7pt; margin-left: 36pt; line-height: 1.25;">&#9746;&#160; &#160; &#160; I am not a relative of the Company's controlling person.</div>
        <div style="text-align: justify; text-indent: -21.25pt; margin-left: 42.55pt; line-height: 1.25;">&#9746; &#160; &#160; At the time of the appointment or during the preceding two years I, my Relative,&#160; employer, direct or indirect supervisor or the corporation of
          which I am the controlling person, have no connection to the Company, to the Company's controlling person or to the controlling person's Relative or to another corporation or company having no controlling person or to anyone holding the
          controlling block or to anyone who is, at the time of the appointment, the chairman of the board of directors, the CEO, substantial shareholder or most senior office holder in the financial area;</div>
        <div style="line-height: 1.25">&#160;</div>
        <div style="text-align: justify; margin-left: 42.55pt; line-height: 1.25;">For the purpose of the declaration pursuant to this Section E:</div>
        <div style="line-height: 1.25">&#160;</div>
        <div style="text-align: justify; margin-left: 42.55pt; line-height: 1.25;">"Connection" &#8211; the existence of labor relations, business or professional relations generally or control as well as acting as an office holder, other than a director
          appointed to serve as an external director in a company about to offer shares to the public for the first time, other than extraordinary cases pursuant to the Companies Regulations (Matters that do not Constitute Connection), 5767-2006 and other
          than serving as a director in a company prior to being classified as an independent director;</div>
        <div style="line-height: 1.25">&#160;</div>
        <div style="text-align: justify; margin-left: 42.55pt; line-height: 1.25;">"Another Corporation" &#8211; a corporation the controlling person of which, at the time of the appointment or during the preceding two years, is the Company or its controlling
          person.</div>
        <div style="line-height: 1.25">&#160;</div>
        <div style="text-align: justify; margin-left: 42.55pt; line-height: 1.25;">"Relative" &#8211; spouse, brother or sister, parent, parent's parents, offspring as well as the offspring, brother, sister or parent of the spouse or the spouse of each of the
          aforesaid.</div>
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        <div style="text-align: justify; margin-left: 42.55pt; line-height: 1.25;">&#160;Without derogating from the abovementioned, I, my Relative, employer, direct or indirect supervisor or the corporation of which I am the controlling person, have no
          business or professional relationship with anyone the connection with is forbidden pursuant to the provisions in this Section above, even if such relationship is not generally, other than minor relationship, and I did not receive any
          consideration in addition to the compensation and expense reimbursement to which I am entitled, pursuant to the Companies Regulations (Rules regarding Compensation and Expense Reimbursement of External<font style="font-style: italic;">&#160;</font>Directors),

          5760-2000, directly or indirectly, due to serving as a director in the Company.</div>
        <div style="line-height: 1.25">&#160;<br>
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          <div style="line-height: 1.25;"><sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">1</sup> Please tick all relevant boxes.</div>
          <div style="line-height: 1.25;"><sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">2</sup> Please tick all relevant boxes.</div>
        </div>
        <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" id="DSPFPageBreakArea">
          <div style="text-align: center;" id="DSPFPageNumberArea"><font style="font-weight: normal; font-style: normal;" id="DSPFPageNumber">A - 3</font></div>
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        </div>
        <div style="text-align: justify; margin-left: 42.55pt; line-height: 1.25;">I know that if such relations shall take place and/or such consideration will be received by me during my tenure, it will be seen as a breach of the terms required for my
          appointment or tenure as Independent Director.</div>
        <div style="line-height: 1.25">&#160;</div>
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            <tr>
              <td style="width: 21.3pt;"><br>
              </td>
              <td style="width: 21.25pt; vertical-align: top; align: right;">&#9746;</td>
              <td style="width: auto; vertical-align: top; text-align: justify;">
                <div>My other positions or occupations do not or may not form a conflict of interests with my position as a director and will not impair my ability to serve as a director.</div>
              </td>
            </tr>

        </table>
        <div style="line-height: 1.25">&#160;</div>
        <table cellspacing="0" cellpadding="0" id="z9b503257f1bd4a678204369d4deec9e3" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

            <tr>
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              </td>
              <td style="width: 21.25pt; vertical-align: top; align: right;">&#9746;</td>
              <td style="width: auto; vertical-align: top; text-align: justify;">
                <div>I do not serve as a director in another company in which any of the Company's directors serves as an independent director<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">3</sup>.</div>
              </td>
            </tr>

        </table>
        <div style="line-height: 1.25">&#160;</div>
        <table cellspacing="0" cellpadding="0" id="z4f06654eb4de4b0aaea2f196137a51fa" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

            <tr>
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              </td>
              <td style="width: 21.25pt; vertical-align: top; align: right;">&#9746;</td>
              <td style="width: auto; vertical-align: top; text-align: justify;">
                <div>I am not an employee of the Securities Authority nor am I an employee of any stock exchange in Israel.</div>
              </td>
            </tr>

        </table>
        <div style="line-height: 1.25">&#160;</div>
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            <tr>
              <td style="width: 21.3pt;"><br>
              </td>
              <td style="width: 21.25pt; vertical-align: top; align: right;">&#9746;</td>
              <td style="width: auto; vertical-align: top; text-align: justify;">
                <div>I do not serve as a director in the Company for more nine consecutive years.</div>
              </td>
            </tr>

        </table>
        <div style="line-height: 1.25">&#160;</div>
        <div style="text-align: justify; text-indent: -21.25pt; margin-left: 42.55pt; line-height: 1.25;">For the purpose of the declaration pursuant to this Section E:</div>
        <div style="line-height: 1.25">&#160;</div>
        <div style="text-align: justify; margin-left: 21.3pt; line-height: 1.25;">The termination of tenure which does not exceed two years will not be regarded as terminating the continuity of tenure.</div>
        <div style="line-height: 1.25">&#160;</div>
        <div style="text-align: justify; margin-left: 21.3pt; line-height: 1.25;">For the purpose of this Section an "Independent Director" is a director meeting all the conditions and tests in Section E above.</div>
        <div style="line-height: 1.25">&#160;</div>
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            <tr>
              <td style="width: 21.3pt;"><br>
              </td>
              <td style="width: 21.25pt; vertical-align: top; align: right;">&#9744;</td>
              <td style="width: auto; vertical-align: top; text-align: justify;">
                <div>I do not meet all or some of the conditions and tests stated above and therefore, I do not meet the definition of an "Independent Director".</div>
              </td>
            </tr>

        </table>
        <div style="line-height: 1.25">&#160;</div>
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            <tr>
              <td style="width: 21.3pt; vertical-align: top; align: right;">F.</td>
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                <div>My holdings of Securities of the Company, its Held Company<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">4</sup>, if its activity is material for the Company's activity ,are as follows:&#160; <u>None</u><u>.</u></div>
              </td>
            </tr>

        </table>
        <div style="line-height: 1.25">&#160;</div>
        <table cellspacing="0" cellpadding="0" id="z19b8d18bdc98416c9848265982d816cb" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

            <tr>
              <td style="width: 21.3pt; vertical-align: top; align: right;">G.</td>
              <td style="width: auto; vertical-align: top; text-align: justify;">
                <div>I am aware that I must immediately report the Company of any increase or decrease in my holdings of Securities of the Company, or a Held Company<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">4</sup>, if its
                  activity is material for the Company's activity.</div>
              </td>
            </tr>

        </table>
        <div style="line-height: 1.25">&#160;</div>
        <table cellspacing="0" cellpadding="0" id="z22e789e70f6a4d8d9a97f9d0c37403a0" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

            <tr>
              <td style="width: 21.3pt; vertical-align: top; align: right;">H.</td>
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                <div>Are you an employee/office holder of the Company, its subsidiary, an affiliate thereto or a party of interest of the Company, if so &#8211; do provide further details: <u>I was elected as the Chairman of the Board of Directors in June 2016.</u></div>
              </td>
            </tr>

        </table>
        <div style="line-height: 1.25;"><br style="line-height: 1.25;">
        </div>
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            <tr>
              <td style="width: 21.3pt; vertical-align: top; align: right;">I.</td>
              <td style="width: auto; vertical-align: top; text-align: justify;">
                <div>Are you a family member of a senior office holder in the Company or of a party of interest of the Company, if so &#8211; do provide further details: <u>No</u></div>
              </td>
            </tr>

        </table>
        <div style="line-height: 1.25">&#160;</div>
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            <tr>
              <td style="width: 21.3pt; vertical-align: top; align: right;">J.</td>
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                <div>After having carefully read and understood all the aforesaid, I declare that all the aforesaid is true and that the identifying details are accurate and full and have been written by me, in my handwriting, and that I am aware that the
                  provisions of the Companies Law stated above are not an exhaustive and final list and I know my full duties and rights pursuant to the Law.</div>
              </td>
            </tr>

        </table>
        <div style="line-height: 1.25">&#160;</div>
        <div style="text-align: justify; margin-left: 21.3pt; line-height: 1.25;">In addition, I do not know of any other substantial detail that may affect my tenure as a director and/or the decision of the Company's audit committee as to my compliance
          with the eligibility conditions and tests to serve as an Independent Director and that had I known of any such detail, I would have indicated it in the declaration. If such detail is known to me, I will notify the Company immediately.</div>
        <div style="line-height: 1.25">&#160;</div>
        <div style="line-height: 1.25">
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              <tr>
                <td style="width: 25%; padding-bottom: 2px;">
                  <div>&#160;</div>
                </td>
                <td style="width: 10%; border-bottom: 2px solid rgb(0, 0, 0);">
                  <div>&#160;</div>
                </td>
                <td style="width: 30%; padding-bottom: 2px;" colspan="1">&#160;</td>
                <td style="width: 10%; border-bottom: 2px solid rgb(0, 0, 0);">
                  <div>&#160;</div>
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                <td style="width: 25%; padding-bottom: 2px;">
                  <div>&#160;</div>
                </td>
              </tr>
              <tr>
                <td style="width: 25%;">
                  <div>&#160;</div>
                </td>
                <td style="width: 10%;">
                  <div style="text-align: center;"><font style="font-family: 'Times New Roman',Times,serif;">Date</font></div>
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                  <div>&#160;</div>
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        <br>
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        <div style="line-height: 1.25;"><sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">3</sup>&#160; Including an External Director.</div>
        <div style="line-height: 1.25;"><sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">4</sup> "Held Company" &#8211; a consolidated company, a proportionately consolidated company or an associate. "Associate"&#160; - as defined in the
          generally accepted accounting principles, and a company in which the corporation holds joint control and which is treated in accordance with the equity method.</div>
        <div style="line-height: 1.25">&#160;</div>
        <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" id="DSPFPageBreakArea">
          <div style="text-align: center;" id="DSPFPageNumberArea"><font style="font-weight: normal; font-style: normal;" id="DSPFPageNumber">A - 4</font></div>
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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>
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          <div style="text-align: center; line-height: 1.25; font-weight: bold;"><u>&#160;Director Eligibility Declaration</u></div>
          <div style="line-height: 1.25">&#160;</div>
          <div style="text-align: justify; line-height: 1.25;">Pursuant to Sections 224A &#8211; 227 of the Companies Law, 5759-1999 (hereinafter: "<font style="font-weight: bold;">the Law</font>") and stating the expertise of the director in accordance to the
            Companies Regulations (Conditions and Tests for a Professionally Eligible Director with Accounting and Financial Expertise and for a Professionally Eligible Director), 5766-2005, and for observance of Sections 92(A)(12) and 219(d) of the
            Companies Law, intended for tenure in TAT TECHNOLOGIES LTD. (hereinafter: "<font style="font-weight: bold;">the Company</font>")</div>
          <div style="line-height: 1.25">&#160;</div>
          <div style="line-height: 1.25;">Date of appointment:&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<u>the date of the Annual General meeting of Shareholders</u></div>
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                  <div style="line-height: 1.25;">Name of Candidate:</div>
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                <td style="width: 3.97%; vertical-align: top;">&#160;</td>
                <td style="width: 19.03%; vertical-align: top; border-bottom: #000000 2px solid;">
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                <td style="width: 3.05%; vertical-align: top;">&#160;</td>
                <td style="width: 21.38%; vertical-align: top; border-bottom: #000000 2px solid;">
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                <td style="width: 23.42%; vertical-align: top;">&#160;</td>
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                <td style="width: 12.02%; vertical-align: top;">&#160;</td>
                <td style="width: 14.06%; vertical-align: top;">&#160;</td>
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                <td style="width: 21.38%; vertical-align: top;">
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                <td style="width: 3.05%; vertical-align: top;">&#160;</td>
                <td style="width: 23.42%; vertical-align: top;">&#160;</td>
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              <tr>
                <td style="width: 12.02%; vertical-align: top;">&#160;</td>
                <td style="width: 14.06%; vertical-align: top;">&#160;</td>
                <td style="width: 3.97%; vertical-align: top;">&#160;</td>
                <td style="width: 19.03%; vertical-align: top;">&#160;</td>
                <td style="width: 3.05%; vertical-align: top;">&#160;</td>
                <td style="width: 21.38%; vertical-align: top;">&#160;</td>
                <td style="width: 3.05%; vertical-align: top;">&#160;</td>
                <td style="width: 23.42%; vertical-align: top;">&#160;</td>
              </tr>
              <tr>
                <td style="width: 26.08%; vertical-align: top;" colspan="2">
                  <div style="line-height: 1.25;">Name in English</div>
                </td>
                <td style="width: 3.97%; vertical-align: top;">&#160;</td>
                <td style="width: 19.03%; vertical-align: top; border-bottom: #000000 2px solid;">
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                </td>
                <td style="width: 3.05%; vertical-align: top;">&#160;</td>
                <td style="width: 21.38%; vertical-align: top; border-bottom: #000000 2px solid;">
                  <div style="text-align: center; line-height: 1.25;">Ben-Haim</div>
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                <td style="width: 3.05%; vertical-align: top;">&#160;</td>
                <td style="width: 23.42%; vertical-align: top;">&#160;</td>
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              <tr>
                <td style="width: 26.08%; vertical-align: top;" colspan="2">
                  <div style="line-height: 1.25;">(according to passport)</div>
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                <td style="width: 3.97%; vertical-align: top;">&#160;</td>
                <td style="width: 19.03%; vertical-align: top;">
                  <div style="text-align: center; line-height: 1.25;">First name</div>
                </td>
                <td style="width: 3.05%; vertical-align: top;">&#160;</td>
                <td style="width: 21.38%; vertical-align: top;">
                  <div style="text-align: center; line-height: 1.25;">Surname</div>
                </td>
                <td style="width: 3.05%; vertical-align: top;">&#160;</td>
                <td style="width: 23.42%; vertical-align: top;">&#160;</td>
              </tr>
              <tr>
                <td style="width: 12.02%; vertical-align: top;">&#160;</td>
                <td style="width: 14.06%; vertical-align: top;">&#160;</td>
                <td style="width: 3.97%; vertical-align: top;">&#160;</td>
                <td style="width: 19.03%; vertical-align: top;">&#160;</td>
                <td style="width: 3.05%; vertical-align: top;">&#160;</td>
                <td style="width: 21.38%; vertical-align: top;">&#160;</td>
                <td style="width: 3.05%; vertical-align: top;">&#160;</td>
                <td style="width: 23.42%; vertical-align: top;">&#160;</td>
              </tr>
              <tr>
                <td style="width: 12.02%; vertical-align: top;">
                  <div style="line-height: 1.25;">ID No.</div>
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                  <div style="text-align: center; line-height: 1.25; font-family: 'Times New Roman',Times,serif;">024528655</div>
                </td>
                <td style="width: 3.97%; vertical-align: top;">&#160;</td>
                <td style="width: 19.03%; vertical-align: top;">&#160;</td>
                <td style="width: 3.05%; vertical-align: top;">&#160;</td>
                <td style="width: 21.38%; vertical-align: top;">&#160;</td>
                <td style="width: 3.05%; vertical-align: top;">&#160;</td>
                <td style="width: 23.42%; vertical-align: top;">&#160;</td>
              </tr>
              <tr>
                <td style="width: 12.02%; vertical-align: top;">&#160;</td>
                <td style="width: 14.06%; vertical-align: top;">&#160;</td>
                <td style="width: 3.97%; vertical-align: top;">&#160;</td>
                <td style="width: 19.03%; vertical-align: top;">&#160;</td>
                <td style="width: 3.05%; vertical-align: top;">&#160;</td>
                <td style="width: 21.38%; vertical-align: top;">&#160;</td>
                <td style="width: 3.05%; vertical-align: top;">&#160;</td>
                <td style="width: 23.42%; vertical-align: top;">&#160;</td>
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              <tr>
                <td style="width: 26.08%; vertical-align: top; padding-bottom: 2px;" colspan="2" rowspan="1">
                  <div style="line-height: 1.25;">Date of birth:</div>
                </td>
                <td style="width: 3.97%; vertical-align: top; padding-bottom: 2px;" rowspan="1">&#160;</td>
                <td style="width: 19.03%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);" rowspan="1">
                  <div style="text-align: center; line-height: 1.25;">07/10/1969</div>
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                <td style="width: 3.05%; vertical-align: top; padding-bottom: 2px;" rowspan="1">&#160;</td>
                <td style="width: 21.38%; vertical-align: top; padding-bottom: 2px;" rowspan="1">
                  <div style="text-align: center; line-height: 1.25;">Nationality:</div>
                </td>
                <td style="width: 3.05%; vertical-align: top; padding-bottom: 2px;" rowspan="1">&#160;</td>
                <td style="width: 23.42%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);" rowspan="1">
                  <div style="line-height: 1.25;">Israel</div>
                </td>
              </tr>
              <tr>
                <td style="width: 26.08%; vertical-align: top;" colspan="2">&#160;</td>
                <td style="width: 3.97%; vertical-align: top;">&#160;</td>
                <td style="width: 19.03%; vertical-align: top;">&#160;</td>
                <td style="width: 3.05%; vertical-align: top;">&#160;</td>
                <td style="width: 21.38%; vertical-align: top;">&#160;</td>
                <td style="width: 3.05%; vertical-align: top;">&#160;</td>
                <td style="width: 23.42%; vertical-align: top;">&#160;</td>
              </tr>
              <tr>
                <td style="width: 26.08%; vertical-align: top;" colspan="2">
                  <div style="line-height: 1.25;">My address:</div>
                </td>
                <td style="width: 3.97%; vertical-align: top;">&#160;</td>
                <td style="width: 19.03%; vertical-align: top; border-bottom: #000000 2px solid;">
                  <div style="text-align: center; line-height: 1.25;">Ein Hatchelet</div>
                </td>
                <td style="width: 3.05%; vertical-align: top;">&#160;</td>
                <td style="width: 21.38%; vertical-align: top; border-bottom: #000000 2px solid;">
                  <div style="text-align: center; line-height: 1.25;">Herut</div>
                </td>
                <td style="width: 3.05%; vertical-align: top;">&#160;</td>
                <td style="width: 23.42%; vertical-align: top; border-bottom: #000000 2px solid;">
                  <div style="text-align: center; line-height: 1.25;">40691</div>
                </td>
              </tr>
              <tr>
                <td style="width: 26.08%; vertical-align: top;" colspan="2">&#160;</td>
                <td style="width: 3.97%; vertical-align: top;">&#160;</td>
                <td style="width: 19.03%; vertical-align: top;">
                  <div style="text-align: center; line-height: 1.25;">Street</div>
                </td>
                <td style="width: 3.05%; vertical-align: top;">&#160;</td>
                <td style="width: 21.38%; vertical-align: top;">
                  <div style="text-align: center; line-height: 1.25;">Town</div>
                </td>
                <td style="width: 3.05%; vertical-align: top;">&#160;</td>
                <td style="width: 23.42%; vertical-align: top;">
                  <div style="text-align: center; line-height: 1.25;">Zip code</div>
                </td>
              </tr>

          </table>
          <div style="text-indent: 108pt; line-height: 1.25;"><br style="line-height: 1.25;">
          </div>
          <div style="line-height: 1.25; font-weight: bold;">Declarations</div>
          <div style="line-height: 1.25">&#160;</div>
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              <tr>
                <td style="width: 21.3pt; vertical-align: top; align: right;">A.</td>
                <td style="width: auto; vertical-align: top; text-align: justify;">
                  <div>I hereby confirm my consent to serve as a director in the Company.</div>
                </td>
              </tr>

          </table>
          <div style="line-height: 1.25">&#160;</div>
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              <tr>
                <td style="width: 21.3pt; vertical-align: top; align: right;">B.</td>
                <td style="width: auto; vertical-align: top; text-align: justify;">
                  <div>I possess the necessary qualifications and skills and have the ability to dedicate the adequate time for the purpose of fulfilling my position as a director in the Company, taking into account, among other things, the Company's
                    special needs and its size, as required by the Law.</div>
                </td>
              </tr>

          </table>
          <div style="line-height: 1.25">&#160;</div>
          <div style="margin-left: 21.3pt; line-height: 1.25;">My qualifications were presented to the Company. For more information please see the most recent Form 20-F, which includes a updated description of my academic degrees, as well as previous
            experience relevant for the evaluation of my suitability to serve as a director.</div>
          <div style="line-height: 1.25">&#160;</div>
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              <tr>
                <td style="width: 21.3pt; vertical-align: top; align: right;">C.</td>
                <td style="width: auto; vertical-align: top; text-align: justify;">
                  <div>I declare that I meet the eligibility requirements provided for by the Companies Law to serve as a director in the Company, and I declare that:</div>
                </td>
              </tr>

          </table>
          <div style="line-height: 1.25">&#160;</div>
          <div style="text-align: justify; text-indent: -21.25pt; margin-left: 42.55pt; line-height: 1.25;">1.&#160;&#160;&#160;&#160;&#160; I am not a minor, legally incompetent and I was not declared non-discharged bankrupt.</div>
          <div style="line-height: 1.25">&#160;</div>
          <div style="text-align: justify; text-indent: -21.25pt; margin-left: 42.55pt; line-height: 1.25;">2.&#160;&#160;&#160;&#160;&#160; My other positions or occupations will not form a conflict of interests with my position as a director and will not impair my ability to
            serve as a director.</div>
          <div style="line-height: 1.25">&#160;</div>
          <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" id="DSPFPageBreakArea">
            <div style="text-align: center;" id="DSPFPageNumberArea"><font style="font-weight: normal; font-style: normal;" id="DSPFPageNumber">A - 5</font></div>
            <div style="page-break-after: always;" id="DSPFPageBreak">
              <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: -21.25pt; margin-left: 42.55pt; line-height: 1.25;">3.&#160;&#160;&#160;&#160;&#160; I have not been convicted in a judgment in the first instance of the following offences and if I was previously convicted in a judgment of
            the following offences, the court determined, at the time of conviction or thereafter, at my request, that albeit my conviction of the following offences and considering, <font style="font-style: italic;">inter alia</font>, the circumstances
            under which the offence was committed, I have no hindrance to serve as a director in a public company or that five years or a shorter period of time (in which I have no hindrance to serve as a director in a public company) elapsed from the date
            the judgment of which I was convicted was rendered,&#160; at the court's decision:</div>
          <div style="line-height: 1.25">&#160;</div>
          <table cellspacing="0" cellpadding="0" id="z43200f8f06a445b68563df6ff5a5f340" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

              <tr>
                <td style="width: 42.55pt;"><br>
                </td>
                <td style="width: 21.25pt; vertical-align: top; align: right;">a)</td>
                <td style="width: auto; vertical-align: top; text-align: justify;">
                  <div>Offences pursuant to Sections 290 to 297, 392, 415, 418 to 420 and 422 to 428 of the Penal Law, 5737-1977, and pursuant to Sections 52C, 52D, 53(A) and 54 of the Securities Law, 5728-1968 (hereinafter: "<font style="font-weight: bold;">the Securities Law</font>") or Any other offence determined by the Minister of Justice by virtue of Section 226(C) of the Companies Law, 5759-1999.</div>
                </td>
              </tr>

          </table>
          <div style="line-height: 1.25">&#160;</div>
          <table cellspacing="0" cellpadding="0" id="z5bb8d158a38e440b807dca186fc2fe47" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

              <tr>
                <td style="width: 42.55pt;"><br>
                </td>
                <td style="width: 21.25pt; vertical-align: top; align: right;">b)</td>
                <td style="width: auto; vertical-align: top; text-align: justify;">
                  <div>Conviction in a court outside Israel of offences of bribery, deceit, offences by managers of a corporate body or offences involving misuse of inside information.</div>
                </td>
              </tr>

          </table>
          <div style="line-height: 1.25">&#160;</div>
          <div style="text-align: justify; text-indent: -21.25pt; margin-left: 42.55pt; line-height: 1.25;">4.&#160;&#160;&#160;&#160;&#160; I have not been convicted in a judgment in the first instance of any other offence, which is not mentioned in section 4 above, in respect of
            which a court holds that, due to the substance, gravity or circumstances of such offense, I am not fit to serve as a director in either a public company or a private company which is a bonds' company and if I was convicted in the past in a
            judgment in the first instance of the abovementioned offence, five years or a shorter period of time (in which I have no hindrance to serve as a director in a public company or a Bonds' company) elapsed from the date the judgment of which I was
            convicted was rendered,&#160; at the court's decision.</div>
          <div style="line-height: 1.25">&#160;</div>
          <div style="text-align: justify; text-indent: -21.25pt; margin-left: 42.55pt; line-height: 1.25;">5.&#160;&#160;&#160;&#160;&#160; No means of Enforcement (as defined in the Securities Law) have been imposed on me by The Administrative Enforcement Committee (as defined
            in the Securities Law) which forbids me to serve as a director in any public company or Bonds' company and/or the Company and if such means of enforcement was imposed on me, the period prescribed by the Administrative Enforcement Committee in
            its decision elapsed.</div>
          <div style="line-height: 1.25">&#160;</div>
          <div style="text-align: justify; text-indent: -21.25pt; margin-left: 42.55pt; line-height: 1.25;">6.&#160;&#160;&#160;&#160;&#160; If I cease to meet any of the conditions required pursuant to the Companies Law to my serving as a director in the Company or if there is
            any ground for the expiry of my tenure as a director in the Company, including due to conviction by a judgment in the first instance of an offence as stated in Section 4(A) or 5 above and/or due to a decision of the Administrative Enforcement
            Committee, as defined above &#8211; I will immediately inform the Company accordingly and my tenure will expire on the date the notice is delivered. I am aware that pursuant to Section 234 of the Companies Law, breaching such duty of disclosure will
            be deemed as having committed a breach of my fiduciary duty to the Company.</div>
          <div style="line-height: 1.25">&#160;</div>
          <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" id="DSPFPageBreakArea">
            <div style="text-align: center;" id="DSPFPageNumberArea"><font style="font-weight: normal; font-style: normal;" id="DSPFPageNumber">A - 6</font></div>
            <div style="page-break-after: always;" id="DSPFPageBreak">
              <hr noshade="noshade" style="border-width: 0px; clear: both; margin: 4px 0px; width: 100%; height: 2px; color: #000000; background-color: #000000;"></div>
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          <table cellspacing="0" cellpadding="0" id="z4823035abbac4fb7a540d9718b295eb8" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

              <tr>
                <td style="width: 21.3pt; vertical-align: top; align: right;">D.</td>
                <td style="width: auto; vertical-align: top; text-align: justify;">
                  <div>For the purpose of considering whether you are eligible to serve as a director with accounting and financial expertise or Professionally Eligible Director, please declare as follows, all definiteness are as of the date hereof in the
                    Companies Regulations (Conditions and Tests for a Professionally Eligible Director with Accounting and Financial Expertise and for a Professionally Eligible Director), 5766-2005:<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;"> 1</sup></div>
                </td>
              </tr>

          </table>
          <div style="line-height: 1.25">&#160;</div>
          <div style="text-align: justify; text-indent: -28.35pt; margin-left: 49.65pt; line-height: 1.25;">&#9746;&#160;&#160;&#160;&#160; Eligible to serve as a Director with accounting and financial expertise;</div>
          <div style="line-height: 1.25">&#160;</div>
          <div style="text-align: justify; text-indent: -28.35pt; margin-left: 49.65pt; line-height: 1.25;">&#9744;&#160;&#160;&#160;&#160; Eligible to serve as a Professionally Eligible Director;</div>
          <div style="line-height: 1.25">&#160;</div>
          <div style="text-align: justify; text-indent: -28.35pt; margin-left: 49.65pt; line-height: 1.25;">&#9744;&#160;&#160;&#160;&#160; None of the above;</div>
          <div style="line-height: 1.25">&#160;</div>
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              <tr>
                <td style="width: 21.3pt; vertical-align: top; align: right;">E.</td>
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                  <div>My holdings of Securities of the Company, its Held Company<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">2</sup>, if its activity is material for the Company's activity ,are as follows:&#160; <u>None</u></div>
                </td>
              </tr>

          </table>
          <div style="line-height: 1.25">&#160;</div>
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              <tr>
                <td style="width: 21.3pt; vertical-align: top; align: right;">F.</td>
                <td style="width: auto; vertical-align: top; text-align: justify;">
                  <div>I am aware that I must immediately report the Company of any increase or decrease in my holdings of Securities of the Company, or a Held Company<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">4</sup>, if
                    its activity is material for the Company's activity.</div>
                </td>
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          </table>
          <div style="line-height: 1.25">&#160;</div>
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              <tr>
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                <td style="width: auto; vertical-align: top; text-align: justify;">
                  <div>Are you an employee/office holder of the Company, its subsidiary, an affiliate thereto or a party of interest of the Company, if so &#8211; do provide further details: <u>I am a partner in the FIMI fund, the controlling shareholder of the
                      company</u></div>
                </td>
              </tr>

          </table>
          <div style="line-height: 1.25;"><br style="line-height: 1.25;">
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              <tr>
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                <td style="width: auto; vertical-align: top; text-align: justify;">
                  <div>Are you a family member of a senior office holder in the Company or of a party of interest of the Company, if so &#8211; do provide further details: <u>No</u></div>
                </td>
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          <div> <br>
          </div>
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              <tr>
                <td style="width: 21.3pt; vertical-align: top; align: right;">I.</td>
                <td style="width: auto; vertical-align: top; text-align: justify;">
                  <div>After having carefully read and understood all the aforesaid, I declare that all the aforesaid is true and that the identifying details are accurate and full and have been written by me, in my handwriting, and that I am aware that
                    the provisions of the Companies Law stated above are not an exhaustive and final list and I know my full duties and rights pursuant to the Law.</div>
                </td>
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          </table>
          <div style="line-height: 1.25">&#160;</div>
          <div style="text-align: justify; margin-left: 21.3pt; line-height: 1.25;">In addition, I do not know of any other substantial detail that may affect my tenure as a director and/or the decision of the Company's audit committee as to my compliance
            with the eligibility conditions and tests to serve as an Independent Director and that had I known of any such detail, I would have indicated it in the declaration. If such detail is known to me, I will notify the Company immediately.</div>
          <div style="line-height: 1.25">&#160;</div>
          <div style="line-height: 1.25;">
            <div style="line-height: 1.25">
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                      <div>&#160;</div>
                    </td>
                    <td style="width: 10%; border-bottom: 2px solid rgb(0, 0, 0);">
                      <div>&#160;</div>
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                    <td style="width: 30%; padding-bottom: 2px;" colspan="1">&#160;</td>
                    <td style="width: 10%; border-bottom: 2px solid rgb(0, 0, 0);">
                      <div>&#160;</div>
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                    <td style="width: 25%; padding-bottom: 2px;">
                      <div>&#160;</div>
                    </td>
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                  <tr>
                    <td style="width: 25%;">
                      <div>&#160;</div>
                    </td>
                    <td style="width: 10%;">
                      <div style="text-align: center;"><font style="font-family: 'Times New Roman',Times,serif;">Date</font></div>
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                    <td style="width: 10%;">
                      <div style="text-align: center;"><font style="font-family: 'Times New Roman',Times,serif;">Signature</font></div>
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                    <td style="width: 25%;">
                      <div>&#160;</div>
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            </div>
          </div>
          <div style="line-height: 1.25;"><br style="line-height: 1.25;">
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          <div style="line-height: 1.25;"><sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">1</sup> Please tick all relevant boxes.</div>
          <div style="line-height: 1.25;"><sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">2</sup> "Held Company" &#8211; a consolidated company, a proportionately consolidated company or an associate. "Associate"&#160; - as defined in the
            generally accepted accounting principles, and a company in which the corporation holds joint control and which is treated in accordance with the equity method.</div>
          <div style="line-height: 1.25">&#160;</div>
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          <div style="line-height: 1.25"> <br>
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            <div style="text-align: center; line-height: 1.25; font-weight: bold;"><u>&#160;Director Eligibility Declaration</u></div>
            <div style="line-height: 1.25">&#160;</div>
            <div style="text-align: justify; line-height: 1.25;">Pursuant to Sections 224A &#8211; 227 of the Companies Law, 5759-1999 (hereinafter: "<font style="font-weight: bold;">the Law</font>") and stating the expertise of the director in accordance to the
              Companies Regulations (Conditions and Tests for a Professionally Eligible Director with Accounting and Financial Expertise and for a Professionally Eligible Director), 5766-2005, and for observance of Sections 92(A)(12) and 219(d) of the
              Companies Law, intended for tenure in TAT TECHNOLOGIES LTD. (hereinafter: "<font style="font-weight: bold;">the Company</font>")</div>
            <div style="line-height: 1.25">&#160;</div>
            <div style="line-height: 1.25;">Date of appointment:&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<u>the date of the Annual General meeting of Shareholders</u></div>
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                  <td style="width: 23.42%; vertical-align: top;">&#160;</td>
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                  <td style="width: 12.02%; vertical-align: top;">&#160;</td>
                  <td style="width: 14.06%; vertical-align: top;">&#160;</td>
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                  <td style="width: 12.02%; vertical-align: top;">&#160;</td>
                  <td style="width: 14.06%; vertical-align: top;">&#160;</td>
                  <td style="width: 3.97%; vertical-align: top;">&#160;</td>
                  <td style="width: 19.03%; vertical-align: top;">&#160;</td>
                  <td style="width: 3.05%; vertical-align: top;">&#160;</td>
                  <td style="width: 21.38%; vertical-align: top;">&#160;</td>
                  <td style="width: 3.05%; vertical-align: top;">&#160;</td>
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                  <td style="width: 3.97%; vertical-align: top;">&#160;</td>
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                  <td style="width: 3.05%; vertical-align: top;">&#160;</td>
                  <td style="width: 23.42%; vertical-align: top;">&#160;</td>
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                    <div style="line-height: 1.25;">(according to passport)</div>
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                  <td style="width: 19.03%; vertical-align: top;">
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                  </td>
                  <td style="width: 3.05%; vertical-align: top;">&#160;</td>
                  <td style="width: 21.38%; vertical-align: top;">
                    <div style="text-align: center; line-height: 1.25;">Surname</div>
                  </td>
                  <td style="width: 3.05%; vertical-align: top;">&#160;</td>
                  <td style="width: 23.42%; vertical-align: top;">&#160;</td>
                </tr>
                <tr>
                  <td style="width: 12.02%; vertical-align: top;">&#160;</td>
                  <td style="width: 14.06%; vertical-align: top;">&#160;</td>
                  <td style="width: 3.97%; vertical-align: top;">&#160;</td>
                  <td style="width: 19.03%; vertical-align: top;">&#160;</td>
                  <td style="width: 3.05%; vertical-align: top;">&#160;</td>
                  <td style="width: 21.38%; vertical-align: top;">&#160;</td>
                  <td style="width: 3.05%; vertical-align: top;">&#160;</td>
                  <td style="width: 23.42%; vertical-align: top;">&#160;</td>
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                    <div style="line-height: 1.25;">ID No.</div>
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                    <div style="text-align: center; line-height: 1.25; font-family: 'Times New Roman',Times,serif;">028785194</div>
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                  <td style="width: 3.97%; vertical-align: top;">&#160;</td>
                  <td style="width: 19.03%; vertical-align: top;">&#160;</td>
                  <td style="width: 3.05%; vertical-align: top;">&#160;</td>
                  <td style="width: 21.38%; vertical-align: top;">&#160;</td>
                  <td style="width: 3.05%; vertical-align: top;">&#160;</td>
                  <td style="width: 23.42%; vertical-align: top;">&#160;</td>
                </tr>
                <tr>
                  <td style="width: 12.02%; vertical-align: top;">&#160;</td>
                  <td style="width: 14.06%; vertical-align: top;">&#160;</td>
                  <td style="width: 3.97%; vertical-align: top;">&#160;</td>
                  <td style="width: 19.03%; vertical-align: top;">&#160;</td>
                  <td style="width: 3.05%; vertical-align: top;">&#160;</td>
                  <td style="width: 21.38%; vertical-align: top;">&#160;</td>
                  <td style="width: 3.05%; vertical-align: top;">&#160;</td>
                  <td style="width: 23.42%; vertical-align: top;">&#160;</td>
                </tr>
                <tr>
                  <td style="width: 26.08%; vertical-align: top; padding-bottom: 2px;" colspan="2" rowspan="1">
                    <div style="line-height: 1.25;">Date of birth:</div>
                  </td>
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                  <td style="width: 19.03%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);" rowspan="1">
                    <div style="text-align: center; line-height: 1.25;">30/08/1971</div>
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                  <td style="width: 3.05%; vertical-align: top; padding-bottom: 2px;" rowspan="1">&#160;</td>
                  <td style="width: 21.38%; vertical-align: top; padding-bottom: 2px;" rowspan="1">
                    <div style="text-align: center; line-height: 1.25;">Nationality:</div>
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                  <td style="width: 23.42%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);" rowspan="1">
                    <div style="line-height: 1.25;">Israel</div>
                  </td>
                </tr>
                <tr>
                  <td style="width: 26.08%; vertical-align: top;" colspan="2">&#160;</td>
                  <td style="width: 3.97%; vertical-align: top;">&#160;</td>
                  <td style="width: 19.03%; vertical-align: top;">&#160;</td>
                  <td style="width: 3.05%; vertical-align: top;">&#160;</td>
                  <td style="width: 21.38%; vertical-align: top;">&#160;</td>
                  <td style="width: 3.05%; vertical-align: top;">&#160;</td>
                  <td style="width: 23.42%; vertical-align: top;">&#160;</td>
                </tr>
                <tr>
                  <td style="width: 26.08%; vertical-align: top;" colspan="2">
                    <div style="line-height: 1.25;">My address:</div>
                  </td>
                  <td style="width: 3.97%; vertical-align: top;">&#160;</td>
                  <td style="width: 19.03%; vertical-align: top; border-bottom: #000000 2px solid;">
                    <div style="text-align: center; line-height: 1.25;">Havered</div>
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                  <td style="width: 21.38%; vertical-align: top; border-bottom: #000000 2px solid;">
                    <div style="text-align: center; line-height: 1.25;">Nes-Ziona</div>
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                  <td style="width: 3.05%; vertical-align: top;">&#160;</td>
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                    <div style="text-align: center; line-height: 1.25;">78043</div>
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                </tr>
                <tr>
                  <td style="width: 26.08%; vertical-align: top;" colspan="2">&#160;</td>
                  <td style="width: 3.97%; vertical-align: top;">&#160;</td>
                  <td style="width: 19.03%; vertical-align: top;">
                    <div style="text-align: center; line-height: 1.25;">Street</div>
                  </td>
                  <td style="width: 3.05%; vertical-align: top;">&#160;</td>
                  <td style="width: 21.38%; vertical-align: top;">
                    <div style="text-align: center; line-height: 1.25;">Town</div>
                  </td>
                  <td style="width: 3.05%; vertical-align: top;">&#160;</td>
                  <td style="width: 23.42%; vertical-align: top;">
                    <div style="text-align: center; line-height: 1.25;">Zip code</div>
                  </td>
                </tr>

            </table>
            <div style="text-indent: 108pt; line-height: 1.25;"><br style="line-height: 1.25;">
            </div>
            <div style="line-height: 1.25; font-weight: bold;">Declarations</div>
            <div style="line-height: 1.25">&#160;</div>
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                <tr>
                  <td style="width: 21.3pt; vertical-align: top; align: right;">A.</td>
                  <td style="width: auto; vertical-align: top; text-align: justify;">
                    <div>I hereby confirm my consent to serve as a director in the Company.</div>
                  </td>
                </tr>

            </table>
            <div style="line-height: 1.25">&#160;</div>
            <table cellspacing="0" cellpadding="0" id="zb3fd1e088c2049b5a976e894b0908d5c" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

                <tr>
                  <td style="width: 21.3pt; vertical-align: top; align: right;">B.</td>
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                    <div>I possess the necessary qualifications and skills and have the ability to dedicate the adequate time for the purpose of fulfilling my position as a director in the Company, taking into account, among other things, the Company's
                      special needs and its size, as required by the Law.</div>
                  </td>
                </tr>

            </table>
            <div style="line-height: 1.25">&#160;</div>
            <div style="margin-left: 21.3pt; line-height: 1.25;">My qualifications were presented to the Company. For more information please see the most recent Form 20-F, which includes a updated description of my academic degrees, as well as previous
              experience relevant for the evaluation of my suitability to serve as a director.</div>
            <div style="line-height: 1.25">&#160;</div>
            <table cellspacing="0" cellpadding="0" id="z8d52ffb4fe614548aa9c1581fa8f8bd1" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

                <tr>
                  <td style="width: 21.3pt; vertical-align: top; align: right;">C.</td>
                  <td style="width: auto; vertical-align: top; text-align: justify;">
                    <div>I declare that I meet the eligibility requirements provided for by the Companies Law to serve as a director in the Company, and I declare that:</div>
                  </td>
                </tr>

            </table>
            <div style="line-height: 1.25">&#160;</div>
            <div style="text-align: justify; text-indent: -21.25pt; margin-left: 42.55pt; line-height: 1.25;">1.&#160;&#160;&#160;&#160;&#160; I am not a minor, legally incompetent and I was not declared non-discharged bankrupt.</div>
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            <div style="text-align: justify; text-indent: -21.25pt; margin-left: 42.55pt; line-height: 1.25;">2.&#160;&#160;&#160;&#160;&#160; My other positions or occupations will not form a conflict of interests with my position as a director and will not impair my ability to
              serve as a director.</div>
            <div style="line-height: 1.25">&#160;</div>
            <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" id="DSPFPageBreakArea">
              <div style="text-align: center;" id="DSPFPageNumberArea"><font style="font-weight: normal; font-style: normal;" id="DSPFPageNumber">A - 8</font></div>
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            </div>
            <div style="text-align: justify; text-indent: -21.25pt; margin-left: 42.55pt; line-height: 1.25;">3.&#160;&#160;&#160;&#160;&#160; I have not been convicted in a judgment in the first instance of the following offences and if I was previously convicted in a judgment of
              the following offences, the court determined, at the time of conviction or thereafter, at my request, that albeit my conviction of the following offences and considering, <font style="font-style: italic;">inter alia</font>, the circumstances
              under which the offence was committed, I have no hindrance to serve as a director in a public company or that five years or a shorter period of time (in which I have no hindrance to serve as a director in a public company) elapsed from the
              date the judgment of which I was convicted was rendered,&#160; at the court's decision:</div>
            <div style="line-height: 1.25">&#160;</div>
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                <tr>
                  <td style="width: 42.55pt;"><br>
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                  <td style="width: 21.25pt; vertical-align: top; align: right;">a)</td>
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                    <div>Offences pursuant to Sections 290 to 297, 392, 415, 418 to 420 and 422 to 428 of the Penal Law, 5737-1977, and pursuant to Sections 52C, 52D, 53(A) and 54 of the Securities Law, 5728-1968 (hereinafter: "<font style="font-weight: bold;">the Securities Law</font>") or Any other offence determined by the Minister of Justice by virtue of Section 226(C) of the Companies Law, 5759-1999.</div>
                  </td>
                </tr>

            </table>
            <div style="line-height: 1.25">&#160;</div>
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                    <div>Conviction in a court outside Israel of offences of bribery, deceit, offences by managers of a corporate body or offences involving misuse of inside information.</div>
                  </td>
                </tr>

            </table>
            <div style="line-height: 1.25">&#160;</div>
            <div style="text-align: justify; text-indent: -21.25pt; margin-left: 42.55pt; line-height: 1.25;">4.&#160;&#160;&#160;&#160;&#160; I have not been convicted in a judgment in the first instance of any other offence, which is not mentioned in section 4 above, in respect
              of which a court holds that, due to the substance, gravity or circumstances of such offense, I am not fit to serve as a director in either a public company or a private company which is a bonds' company and if I was convicted in the past in a
              judgment in the first instance of the abovementioned offence, five years or a shorter period of time (in which I have no hindrance to serve as a director in a public company or a Bonds' company) elapsed from the date the judgment of which I
              was convicted was rendered,&#160; at the court's decision.</div>
            <div style="line-height: 1.25">&#160;</div>
            <div style="text-align: justify; text-indent: -21.25pt; margin-left: 42.55pt; line-height: 1.25;">5.&#160;&#160;&#160;&#160;&#160; No means of Enforcement (as defined in the Securities Law) have been imposed on me by The Administrative Enforcement Committee (as defined
              in the Securities Law) which forbids me to serve as a director in any public company or Bonds' company and/or the Company and if such means of enforcement was imposed on me, the period prescribed by the Administrative Enforcement Committee in
              its decision elapsed.</div>
            <div style="line-height: 1.25">&#160;</div>
            <div style="text-align: justify; text-indent: -21.25pt; margin-left: 42.55pt; line-height: 1.25;">6.&#160;&#160;&#160;&#160;&#160; If I cease to meet any of the conditions required pursuant to the Companies Law to my serving as a director in the Company or if there is
              any ground for the expiry of my tenure as a director in the Company, including due to conviction by a judgment in the first instance of an offence as stated in Section 4(A) or 5 above and/or due to a decision of the Administrative Enforcement
              Committee, as defined above &#8211; I will immediately inform the Company accordingly and my tenure will expire on the date the notice is delivered. I am aware that pursuant to Section 234 of the Companies Law, breaching such duty of disclosure
              will be deemed as having committed a breach of my fiduciary duty to the Company.</div>
            <div style="line-height: 1.25">&#160;</div>
            <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" id="DSPFPageBreakArea">
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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>
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                <tr>
                  <td style="width: 21.3pt; vertical-align: top; align: right;">D.</td>
                  <td style="width: auto; vertical-align: top; text-align: justify;">
                    <div>For the purpose of considering whether you are eligible to serve as a director with accounting and financial expertise or Professionally Eligible Director, please declare as follows, all definiteness are as of the date hereof in
                      the Companies Regulations (Conditions and Tests for a Professionally Eligible Director with Accounting and Financial Expertise and for a Professionally Eligible Director), 5766-2005:<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;"> 1</sup></div>
                  </td>
                </tr>

            </table>
            <div style="line-height: 1.25">&#160;</div>
            <div style="text-align: justify; text-indent: -28.35pt; margin-left: 49.65pt; line-height: 1.25;">&#9746;&#160; &#160; &#160; Eligible to serve as a Director with accounting and financial expertise;</div>
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            <div style="text-align: justify; text-indent: -28.35pt; margin-left: 49.65pt; line-height: 1.25;">&#9744;&#160;&#160;&#160;&#160;&#160; Eligible to serve as a Professionally Eligible Director;</div>
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            <div style="text-align: justify; text-indent: -28.35pt; margin-left: 49.65pt; line-height: 1.25;">&#9744;&#160;&#160;&#160;&#160;&#160; None of the above;</div>
            <div style="line-height: 1.25">&#160;</div>
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                <tr>
                  <td style="width: 21.3pt; vertical-align: top; align: right;">E.</td>
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                    <div>My holdings of Securities of the Company, its Held Company<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">2</sup>, if its activity is material for the Company's activity ,are as follows:&#160; <u>None</u><u>.</u></div>
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            </table>
            <div style="line-height: 1.25">&#160;</div>
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                <tr>
                  <td style="width: 21.3pt; vertical-align: top; align: right;">F.</td>
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                    <div>I am aware that I must immediately report the Company of any increase or decrease in my holdings of Securities of the Company, or a Held Company<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">4</sup>, if
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                  </td>
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            </table>
            <div style="line-height: 1.25">&#160;</div>
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                <tr>
                  <td style="width: 21.3pt; vertical-align: top; align: right;">G.</td>
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                    <div>Are you an employee/office holder of the Company, its subsidiary, an affiliate thereto or a party of interest of the Company, if so &#8211; do provide further details: <u>I am a partner in the FIMI fund, the controlling shareholder of
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                  </td>
                </tr>

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            <div style="line-height: 1.25;"><br style="line-height: 1.25;">
            </div>
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                <tr>
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                    <div>Are you a family member of a senior office holder in the Company or of a party of interest of the Company, if so &#8211; do provide further details: <u>No</u></div>
                  </td>
                </tr>

            </table>
            <div style="line-height: 1.25;"><br style="line-height: 1.25;">
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                <tr>
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                    <div>After having carefully read and understood all the aforesaid, I declare that all the aforesaid is true and that the identifying details are accurate and full and have been written by me, in my handwriting, and that I am aware that
                      the provisions of the Companies Law stated above are not an exhaustive and final list and I know my full duties and rights pursuant to the Law.</div>
                  </td>
                </tr>

            </table>
            <div style="line-height: 1.25">&#160;</div>
            <div style="text-align: justify; margin-left: 21.3pt; line-height: 1.25;">In addition, I do not know of any other substantial detail that may affect my tenure as a director and/or the decision of the Company's audit committee as to my
              compliance with the eligibility conditions and tests to serve as an Independent Director and that had I known of any such detail, I would have indicated it in the declaration. If such detail is known to me, I will notify the Company
              immediately.</div>
            <div style="line-height: 1.25">&#160;</div>
            <div style="line-height: 1.25;">
              <div style="line-height: 1.25">
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                    <tr>
                      <td style="width: 25%; padding-bottom: 2px;">
                        <div>&#160;</div>
                      </td>
                      <td style="width: 10%; border-bottom: 2px solid rgb(0, 0, 0);">
                        <div>&#160;</div>
                      </td>
                      <td style="width: 30%; padding-bottom: 2px;" colspan="1">&#160;</td>
                      <td style="width: 10%; border-bottom: 2px solid rgb(0, 0, 0);">
                        <div>&#160;</div>
                      </td>
                      <td style="width: 25%; padding-bottom: 2px;">
                        <div>&#160;</div>
                      </td>
                    </tr>
                    <tr>
                      <td style="width: 25%;">
                        <div>&#160;</div>
                      </td>
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                        <div style="text-align: center;"><font style="font-family: 'Times New Roman',Times,serif;">Signature</font></div>
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                        <div>&#160;</div>
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            <div style="line-height: 1.25">&#160;<br>
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            <div style="line-height: 1.25;"><sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">2</sup> "Held Company" &#8211; a consolidated company, a proportionately consolidated company or an associate. "Associate"&#160; - as defined in the
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            <div style="line-height: 1.25">&#160;</div>
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              <div style="text-align: center; line-height: 1.25; font-weight: bold;"><u>&#160;Director Eligibility Declaration</u></div>
              <div style="line-height: 1.25">&#160;</div>
              <div style="text-align: justify; line-height: 1.25;">Pursuant to Sections 224A &#8211; 227 of the Companies Law, 5759-1999 (hereinafter: "<font style="font-weight: bold;">the Law</font>") and stating the expertise of the director in accordance to
                the Companies Regulations (Conditions and Tests for a Professionally Eligible Director with Accounting and Financial Expertise and for a Professionally Eligible Director), 5766-2005, and for observance of Sections 92(A)(12) and 219(d) of
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              <div style="line-height: 1.25">&#160;</div>
              <div style="line-height: 1.25;">Date of appointment:&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<u>the date of the Annual General meeting of Shareholders</u></div>
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                    <td style="width: 12.02%; vertical-align: top;">&#160;</td>
                    <td style="width: 14.06%; vertical-align: top;">&#160;</td>
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                    <td style="width: 23.42%; vertical-align: top;">&#160;</td>
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                    <td style="width: 12.02%; vertical-align: top;">&#160;</td>
                    <td style="width: 14.06%; vertical-align: top;">&#160;</td>
                    <td style="width: 3.97%; vertical-align: top;">&#160;</td>
                    <td style="width: 19.03%; vertical-align: top;">&#160;</td>
                    <td style="width: 3.05%; vertical-align: top;">&#160;</td>
                    <td style="width: 21.38%; vertical-align: top;">&#160;</td>
                    <td style="width: 3.05%; vertical-align: top;">&#160;</td>
                    <td style="width: 23.42%; vertical-align: top;">&#160;</td>
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                    <td style="width: 3.97%; vertical-align: top;">&#160;</td>
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                    <td style="width: 3.05%; vertical-align: top;">&#160;</td>
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                    <td style="width: 3.05%; vertical-align: top;">&#160;</td>
                    <td style="width: 23.42%; vertical-align: top;">&#160;</td>
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                      <div style="line-height: 1.25;">(according to passport)</div>
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                    <td style="width: 21.38%; vertical-align: top;">
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                    <td style="width: 3.05%; vertical-align: top;">&#160;</td>
                    <td style="width: 23.42%; vertical-align: top;">&#160;</td>
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                  <tr>
                    <td style="width: 12.02%; vertical-align: top;">&#160;</td>
                    <td style="width: 14.06%; vertical-align: top;">&#160;</td>
                    <td style="width: 3.97%; vertical-align: top;">&#160;</td>
                    <td style="width: 19.03%; vertical-align: top;">&#160;</td>
                    <td style="width: 3.05%; vertical-align: top;">&#160;</td>
                    <td style="width: 21.38%; vertical-align: top;">&#160;</td>
                    <td style="width: 3.05%; vertical-align: top;">&#160;</td>
                    <td style="width: 23.42%; vertical-align: top;">&#160;</td>
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                  <tr>
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                      <div style="text-align: center; line-height: 1.25; font-family: 'Times New Roman',Times,serif;">59253971</div>
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                    <td style="width: 19.03%; vertical-align: top; padding-bottom: 2px;">&#160;</td>
                    <td style="width: 3.05%; vertical-align: top; padding-bottom: 2px;">&#160;</td>
                    <td style="width: 21.38%; vertical-align: top; padding-bottom: 2px;">&#160;</td>
                    <td style="width: 3.05%; vertical-align: top; padding-bottom: 2px;">&#160;</td>
                    <td style="width: 23.42%; vertical-align: top; padding-bottom: 2px;">&#160;</td>
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                  <tr>
                    <td style="width: 12.02%; vertical-align: top;">&#160;</td>
                    <td style="width: 14.06%; vertical-align: top;">&#160;</td>
                    <td style="width: 3.97%; vertical-align: top;">&#160;</td>
                    <td style="width: 19.03%; vertical-align: top;">&#160;</td>
                    <td style="width: 3.05%; vertical-align: top;">&#160;</td>
                    <td style="width: 21.38%; vertical-align: top;">&#160;</td>
                    <td style="width: 3.05%; vertical-align: top;">&#160;</td>
                    <td style="width: 23.42%; vertical-align: top;">&#160;</td>
                  </tr>
                  <tr>
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                    <td style="width: 21.38%; vertical-align: top; padding-bottom: 2px;" rowspan="1">
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                    <td style="width: 3.97%; vertical-align: top;">&#160;</td>
                    <td style="width: 19.03%; vertical-align: top;">&#160;</td>
                    <td style="width: 3.05%; vertical-align: top;">&#160;</td>
                    <td style="width: 21.38%; vertical-align: top;">&#160;</td>
                    <td style="width: 3.05%; vertical-align: top;">&#160;</td>
                    <td style="width: 23.42%; vertical-align: top;">&#160;</td>
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                  <tr>
                    <td style="width: 26.08%; vertical-align: top;" colspan="2">
                      <div style="line-height: 1.25;">My address:</div>
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                    <td style="width: 3.97%; vertical-align: top;">&#160;</td>
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                      <div style="text-align: center; line-height: 1.25;">24 Habanim</div>
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                    <td style="width: 3.05%; vertical-align: top;">&#160;</td>
                    <td style="width: 21.38%; vertical-align: top; border-bottom: #000000 2px solid;">
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                    <td style="width: 23.42%; vertical-align: top; border-bottom: #000000 2px solid;">
                      <div style="text-align: center; line-height: 1.25;">47223</div>
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                  </tr>
                  <tr>
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                    <td style="width: 3.97%; vertical-align: top;">&#160;</td>
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                    <td style="width: 21.38%; vertical-align: top;">
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                    <td style="width: 23.42%; vertical-align: top;">
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              <div style="text-indent: 108pt; line-height: 1.25;"><br style="line-height: 1.25;">
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              <div style="line-height: 1.25; font-weight: bold;">Declarations</div>
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                  <tr>
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                    <td style="width: auto; vertical-align: top; text-align: justify;">
                      <div>I hereby confirm my consent to serve as a director in the Company.</div>
                    </td>
                  </tr>

              </table>
              <div style="line-height: 1.25">&#160;</div>
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                  <tr>
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                      <div>I possess the necessary qualifications and skills and have the ability to dedicate the adequate time for the purpose of fulfilling my position as a director in the Company, taking into account, among other things, the Company's
                        special needs and its size, as required by the Law.</div>
                    </td>
                  </tr>

              </table>
              <div style="line-height: 1.25">&#160;</div>
              <div style="margin-left: 21.3pt; line-height: 1.25;">My qualifications were presented to the Company. For more information please see the most recent Form 20-F, which includes a updated description of my academic degrees, as well as previous
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              <div style="line-height: 1.25">&#160;</div>
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                  <tr>
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                    <td style="width: auto; vertical-align: top; text-align: justify;">
                      <div>I declare that I meet the eligibility requirements provided for by the Companies Law to serve as a director in the Company, and I declare that:</div>
                    </td>
                  </tr>

              </table>
              <div style="line-height: 1.25">&#160;</div>
              <div style="text-align: justify; text-indent: -21.25pt; margin-left: 42.55pt; line-height: 1.25;">1.&#160;&#160;&#160;&#160;&#160; I am not a minor, legally incompetent and I was not declared non-discharged bankrupt.</div>
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              <div style="line-height: 1.25">&#160;</div>
              <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" id="DSPFPageBreakArea">
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              </div>
              <div style="text-align: justify; text-indent: -21.25pt; margin-left: 42.55pt; line-height: 1.25;">3.&#160;&#160;&#160;&#160; I have not been convicted in a judgment in the first instance of the following offences and if I was previously convicted in a judgment
                of the following offences, the court determined, at the time of conviction or thereafter, at my request, that albeit my conviction of the following offences and considering, <font style="font-style: italic;">inter alia</font>, the
                circumstances under which the offence was committed, I have no hindrance to serve as a director in a public company or that five years or a shorter period of time (in which I have no hindrance to serve as a director in a public company)
                elapsed from the date the judgment of which I was convicted was rendered,&#160; at the court's decision:</div>
              <div style="line-height: 1.25">&#160;</div>
              <table cellspacing="0" cellpadding="0" id="z441e64bd98be4a98b2f21556d806fab8" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

                  <tr>
                    <td style="width: 42.55pt;"><br>
                    </td>
                    <td style="width: 21.25pt; vertical-align: top; align: right;">a)</td>
                    <td style="width: auto; vertical-align: top; text-align: justify;">
                      <div>Offences pursuant to Sections 290 to 297, 392, 415, 418 to 420 and 422 to 428 of the Penal Law, 5737-1977, and pursuant to Sections 52C, 52D, 53(A) and 54 of the Securities Law, 5728-1968 (hereinafter: "<font style="font-weight: bold;">the Securities Law</font>") or Any other offence determined by the Minister of Justice by virtue of Section 226(C) of the Companies Law, 5759-1999.</div>
                    </td>
                  </tr>

              </table>
              <div style="line-height: 1.25">&#160;</div>
              <table cellspacing="0" cellpadding="0" id="zc9d4f9202af44b55acabfed373521ad2" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

                  <tr>
                    <td style="width: 42.55pt;"><br>
                    </td>
                    <td style="width: 21.25pt; vertical-align: top; align: right;">b)</td>
                    <td style="width: auto; vertical-align: top; text-align: justify;">
                      <div>Conviction in a court outside Israel of offences of bribery, deceit, offences by managers of a corporate body or offences involving misuse of inside information.</div>
                    </td>
                  </tr>

              </table>
              <div style="line-height: 1.25">&#160;</div>
              <div style="text-align: justify; text-indent: -21.25pt; margin-left: 42.55pt; line-height: 1.25;">4.&#160;&#160;&#160;&#160; I have not been convicted in a judgment in the first instance of any other offence, which is not mentioned in section 4 above, in respect
                of which a court holds that, due to the substance, gravity or circumstances of such offense, I am not fit to serve as a director in either a public company or a private company which is a bonds' company and if I was convicted in the past in
                a judgment in the first instance of the abovementioned offence, five years or a shorter period of time (in which I have no hindrance to serve as a director in a public company or a Bonds' company) elapsed from the date the judgment of which
                I was convicted was rendered,&#160; at the court's decision.</div>
              <div style="line-height: 1.25">&#160;</div>
              <div style="text-align: justify; text-indent: -21.25pt; margin-left: 42.55pt; line-height: 1.25;">5.&#160;&#160;&#160;&#160;&#160; No means of Enforcement (as defined in the Securities Law) have been imposed on me by The Administrative Enforcement Committee (as
                defined in the Securities Law) which forbids me to serve as a director in any public company or Bonds' company and/or the Company and if such means of enforcement was imposed on me, the period prescribed by the Administrative Enforcement
                Committee in its decision elapsed.</div>
              <div style="line-height: 1.25">&#160;</div>
              <div style="text-align: justify; text-indent: -21.25pt; margin-left: 42.55pt; line-height: 1.25;">6.&#160;&#160;&#160;&#160;&#160; If I cease to meet any of the conditions required pursuant to the Companies Law to my serving as a director in the Company or if there
                is any ground for the expiry of my tenure as a director in the Company, including due to conviction by a judgment in the first instance of an offence as stated in Section 4(A) or 5 above and/or due to a decision of the Administrative
                Enforcement Committee, as defined above &#8211; I will immediately inform the Company accordingly and my tenure will expire on the date the notice is delivered. I am aware that pursuant to Section 234 of the Companies Law, breaching such duty of
                disclosure will be deemed as having committed a breach of my fiduciary duty to the Company.</div>
              <div style="line-height: 1.25">&#160;</div>
              <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" id="DSPFPageBreakArea">
                <div style="text-align: center;" id="DSPFPageNumberArea"><font style="font-weight: normal; font-style: normal;" id="DSPFPageNumber">A - 12</font></div>
                <div style="page-break-after: always;" id="DSPFPageBreak">
                  <hr noshade="noshade" style="border-width: 0px; clear: both; margin: 4px 0px; width: 100%; height: 2px; color: #000000; background-color: #000000;"></div>
              </div>
              <table cellspacing="0" cellpadding="0" id="z23d947307b094a4d87d650764b36198b" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

                  <tr>
                    <td style="width: 21.3pt; vertical-align: top; align: right;">D.</td>
                    <td style="width: auto; vertical-align: top; text-align: justify;">
                      <div>For the purpose of considering whether you are eligible to serve as a director with accounting and financial expertise or Professionally Eligible Director, please declare as follows, all definiteness are as of the date hereof in
                        the Companies Regulations (Conditions and Tests for a Professionally Eligible Director with Accounting and Financial Expertise and for a Professionally Eligible Director), 5766-2005:<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;"> 1</sup></div>
                    </td>
                  </tr>

              </table>
              <div style="line-height: 1.25">&#160;</div>
              <div style="text-align: justify; text-indent: -28.35pt; margin-left: 49.65pt; line-height: 1.25;">&#9746;&#160;&#160;&#160;&#160;&#160; Eligible to serve as a Director with accounting and financial expertise;</div>
              <div style="line-height: 1.25">&#160;</div>
              <div style="text-align: justify; text-indent: -28.35pt; margin-left: 49.65pt; line-height: 1.25;">&#9744;&#160;&#160;&#160;&#160;&#160; Eligible to serve as a Professionally Eligible Director;</div>
              <div style="line-height: 1.25">&#160;</div>
              <div style="text-align: justify; text-indent: -28.35pt; margin-left: 49.65pt; line-height: 1.25;">&#9744;&#160;&#160;&#160;&#160;&#160; None of the above;</div>
              <div style="line-height: 1.25">&#160;</div>
              <table cellspacing="0" cellpadding="0" id="z935c5cce58ad4b3bbf0fc8ff33f8ad72" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

                  <tr>
                    <td style="width: 21.3pt; vertical-align: top; align: right;">E.</td>
                    <td style="width: auto; vertical-align: top; text-align: justify;">
                      <div>For the purpose of considering whether you are an independent director, I declare as follows<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">2</sup>:</div>
                    </td>
                  </tr>

              </table>
              <div style="line-height: 1.25">&#160;</div>
              <div style="text-align: justify; text-indent: -14.7pt; margin-left: 36pt; line-height: 1.25;">&#9746;&#160; &#160; &#160; I am not a relative of the Company's controlling person.</div>
              <div style="text-align: justify; text-indent: -21.25pt; margin-left: 42.55pt; line-height: 1.25;">&#9746;&#160;&#160;&#160;&#160; At the time of the appointment or during the preceding two years I, my Relative,&#160; employer, direct or indirect supervisor or the
                corporation of which I am the controlling person, have no connection to the Company, to the Company's controlling person or to the controlling person's Relative or to another corporation or company having no controlling person or to anyone
                holding the controlling block or to anyone who is, at the time of the appointment, the chairman of the board of directors, the CEO, substantial shareholder or most senior office holder in the financial area;</div>
              <div style="line-height: 1.25">&#160;</div>
              <div style="text-align: justify; margin-left: 42.55pt; line-height: 1.25;">For the purpose of the declaration pursuant to this Section E:</div>
              <div style="line-height: 1.25">&#160;</div>
              <div style="text-align: justify; margin-left: 42.55pt; line-height: 1.25;">"Connection" &#8211; the existence of labor relations, business or professional relations generally or control as well as acting as an office holder, other than a director
                appointed to serve as an external director in a company about to offer shares to the public for the first time, other than extraordinary cases pursuant to the Companies Regulations (Matters that do not Constitute Connection), 5767-2006 and
                other than serving as a director in a company prior to being classified as an independent director;</div>
              <div style="line-height: 1.25">&#160;</div>
              <div style="text-align: justify; margin-left: 42.55pt; line-height: 1.25;">"Another Corporation" &#8211; a corporation the controlling person of which, at the time of the appointment or during the preceding two years, is the Company or its
                controlling person.</div>
              <div style="line-height: 1.25">&#160;</div>
              <div style="text-align: justify; margin-left: 42.55pt; line-height: 1.25;">"Relative" &#8211; spouse, brother or sister, parent, parent's parents, offspring as well as the offspring, brother, sister or parent of the spouse or the spouse of each of
                the aforesaid.</div>
              <div style="line-height: 1.25">&#160;</div>
              <div style="text-align: justify; margin-left: 42.55pt; line-height: 1.25;">&#160;Without derogating from the abovementioned, I, my Relative, employer, direct or indirect supervisor or the corporation of which I am the controlling person, have no
                business or professional relationship with anyone the connection with is forbidden pursuant to the provisions in this Section above, even if such relationship is not generally, other than minor relationship, and I did not receive any
                consideration in addition to the compensation and expense reimbursement to which I am entitled, pursuant to the Companies Regulations (Rules regarding Compensation and Expense Reimbursement of External<font style="font-style: italic;">&#160;</font>Directors),

                5760-2000, directly or indirectly, due to serving as a director in the Company.</div>
              <div style="line-height: 1.25">&#160;<br>
                <hr noshade="noshade" align="left" style="background-color: #000000; border: 0px; height: 1px; width: 2in; margin-left: 0pt; margin-right: auto; color: #000000;">
                <div style="line-height: 1.25;"><sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">1</sup> Please tick all relevant boxes.</div>
                <div style="line-height: 1.25;"><sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">2</sup> Please tick all relevant boxes.</div>
              </div>
              <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" id="DSPFPageBreakArea">
                <div style="text-align: center;" id="DSPFPageNumberArea"><font style="font-weight: normal; font-style: normal;" id="DSPFPageNumber">A - 13</font></div>
                <div style="page-break-after: always;" id="DSPFPageBreak">
                  <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; margin-left: 42.55pt; line-height: 1.25;">I know that if such relations shall take place and/or such consideration will be received by me during my tenure, it will be seen as a breach of the terms required for
                my appointment or tenure as Independent Director.</div>
              <div style="line-height: 1.25">&#160;</div>
              <table cellspacing="0" cellpadding="0" id="zf95ca222a4734947b629c7774296daa8" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

                  <tr>
                    <td style="width: 21.3pt;"><br>
                    </td>
                    <td style="width: 21.25pt; vertical-align: top; align: right;">&#9746;</td>
                    <td style="width: auto; vertical-align: top; text-align: justify;">
                      <div>My other positions or occupations do not or may not form a conflict of interests with my position as a director and will not impair my ability to serve as a director.</div>
                    </td>
                  </tr>

              </table>
              <div style="line-height: 1.25">&#160;</div>
              <table cellspacing="0" cellpadding="0" id="z14e516cd5de74f6cadccd92d1b850e5d" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

                  <tr>
                    <td style="width: 21.3pt;"><br>
                    </td>
                    <td style="width: 21.25pt; vertical-align: top; align: right;">&#9746;</td>
                    <td style="width: auto; vertical-align: top; text-align: justify;">
                      <div>I do not serve as a director in another company in which any of the Company's directors serves as an independent director<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">3</sup>.</div>
                    </td>
                  </tr>

              </table>
              <div style="line-height: 1.25">&#160;</div>
              <table cellspacing="0" cellpadding="0" id="ze332bde9214b4fb6befe28e62952fe88" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

                  <tr>
                    <td style="width: 21.3pt;"><br>
                    </td>
                    <td style="width: 21.25pt; vertical-align: top; align: right;">&#9746;</td>
                    <td style="width: auto; vertical-align: top; text-align: justify;">
                      <div>I am not an employee of the Securities Authority nor am I an employee of any stock exchange in Israel.</div>
                    </td>
                  </tr>

              </table>
              <div style="line-height: 1.25">&#160;</div>
              <table cellspacing="0" cellpadding="0" id="zb7a6891634b043f1823e3cb1eab187a8" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

                  <tr>
                    <td style="width: 21.3pt;"><br>
                    </td>
                    <td style="width: 21.25pt; vertical-align: top; align: right;">&#9746;</td>
                    <td style="width: auto; vertical-align: top; text-align: justify;">
                      <div>I do not serve as a director in the Company for more nine consecutive years.</div>
                    </td>
                  </tr>

              </table>
              <div style="line-height: 1.25">&#160;</div>
              <div style="text-align: justify; text-indent: -21.25pt; margin-left: 42.55pt; line-height: 1.25;">For the purpose of the declaration pursuant to this Section E:</div>
              <div style="line-height: 1.25">&#160;</div>
              <div style="text-align: justify; margin-left: 21.3pt; line-height: 1.25;">The termination of tenure which does not exceed two years will not be regarded as terminating the continuity of tenure.</div>
              <div style="line-height: 1.25">&#160;</div>
              <div style="text-align: justify; margin-left: 21.3pt; line-height: 1.25;">For the purpose of this Section an "Independent Director" is a director meeting all the conditions and tests in Section E above.</div>
              <div style="line-height: 1.25">&#160;</div>
              <table cellspacing="0" cellpadding="0" id="z61c94a5b94514c28ab5635529ae4fd8f" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

                  <tr>
                    <td style="width: 21.3pt;"><br>
                    </td>
                    <td style="width: 21.25pt; vertical-align: top; align: right;">&#9744;</td>
                    <td style="width: auto; vertical-align: top; text-align: justify;">
                      <div>I do not meet all or some of the conditions and tests stated above and therefore, I do not meet the definition of an "Independent Director".</div>
                    </td>
                  </tr>

              </table>
              <div style="line-height: 1.25">&#160;</div>
              <table cellspacing="0" cellpadding="0" id="z0dd5f0300e9b4d90bda866cfa36092fb" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

                  <tr>
                    <td style="width: 21.3pt; vertical-align: top; align: right;">F.</td>
                    <td style="width: auto; vertical-align: top; text-align: justify;">
                      <div>My holdings of Securities of the Company, its Held Company<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">4</sup>, if its activity is material for the Company's activity ,are as follows: <u>None</u></div>
                    </td>
                  </tr>

              </table>
              <div style="line-height: 1.25">&#160;</div>
              <table cellspacing="0" cellpadding="0" id="zf08861ce127b47f2bd82bc1ac4603c2b" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

                  <tr>
                    <td style="width: 21.3pt; vertical-align: top; align: right;">G.</td>
                    <td style="width: auto; vertical-align: top; text-align: justify;">
                      <div>I am aware that I must immediately report the Company of any increase or decrease in my holdings of Securities of the Company, or a Held Company<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">4</sup>,
                        if its activity is material for the Company's activity.</div>
                    </td>
                  </tr>

              </table>
              <div style="line-height: 1.25">&#160;</div>
              <table cellspacing="0" cellpadding="0" id="z75dc40dd52a54a9da177521f4444538a" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

                  <tr>
                    <td style="width: 21.3pt; vertical-align: top; align: right;">H.</td>
                    <td style="width: auto; vertical-align: top; text-align: justify;">
                      <div>Are you an employee/office holder of the Company, its subsidiary, an affiliate thereto or a party of interest of the Company, if so &#8211; do provide further details: <u>No</u></div>
                    </td>
                  </tr>

              </table>
              <div style="line-height: 1.25;"><br style="line-height: 1.25;">
              </div>
              <table cellspacing="0" cellpadding="0" id="z6c68623570104c1eb594f5d991f06432" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

                  <tr>
                    <td style="width: 21.3pt; vertical-align: top; align: right;">I.</td>
                    <td style="width: auto; vertical-align: top; text-align: justify;">
                      <div>Are you a family member of a senior office holder in the Company or of a party of interest of the Company, if so &#8211; do provide further details: <u>No</u></div>
                    </td>
                  </tr>

              </table>
              <div style="line-height: 1.25;"><br style="line-height: 1.25;">
              </div>
              <table cellspacing="0" cellpadding="0" id="z6c1705f1252b472fba3cff4bb58cda3f" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

                  <tr>
                    <td style="width: 21.3pt; vertical-align: top; align: right;">J.</td>
                    <td style="width: auto; vertical-align: top; text-align: justify;">
                      <div>After having carefully read and understood all the aforesaid, I declare that all the aforesaid is true and that the identifying details are accurate and full and have been written by me, in my handwriting, and that I am aware
                        that the provisions of the Companies Law stated above are not an exhaustive and final list and I know my full duties and rights pursuant to the Law.</div>
                    </td>
                  </tr>

              </table>
              <div style="line-height: 1.25">&#160;</div>
              <div style="text-align: justify; margin-left: 21.3pt; line-height: 1.25;">In addition, I do not know of any other substantial detail that may affect my tenure as a director and/or the decision of the Company's audit committee as to my
                compliance with the eligibility conditions and tests to serve as an Independent Director and that had I known of any such detail, I would have indicated it in the declaration. If such detail is known to me, I will notify the Company
                immediately.</div>
              <div style="line-height: 1.25">&#160;</div>
              <div style="line-height: 1.25;">
                <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="zeea440e4109243e9a444e9d60ea1d6f2">

                      <tr>
                        <td style="width: 25%; padding-bottom: 2px;">
                          <div>&#160;</div>
                        </td>
                        <td style="width: 10%; border-bottom: 2px solid rgb(0, 0, 0);">
                          <div>&#160;</div>
                        </td>
                        <td style="width: 30%; padding-bottom: 2px;" colspan="1">&#160;</td>
                        <td style="width: 10%; border-bottom: 2px solid rgb(0, 0, 0);">
                          <div>&#160;</div>
                        </td>
                        <td style="width: 25%; padding-bottom: 2px;">
                          <div>&#160;</div>
                        </td>
                      </tr>
                      <tr>
                        <td style="width: 25%;">
                          <div>&#160;</div>
                        </td>
                        <td style="width: 10%;">
                          <div style="text-align: center;"><font style="font-family: 'Times New Roman',Times,serif;">Date</font></div>
                        </td>
                        <td style="width: 30%;" colspan="1">&#160;</td>
                        <td style="width: 10%;">
                          <div style="text-align: center;"><font style="font-family: 'Times New Roman',Times,serif;">Signature</font></div>
                        </td>
                        <td style="width: 25%;">
                          <div>&#160;</div>
                        </td>
                      </tr>

                  </table>
                </div>
              </div>
              <div style="line-height: 1.25">&#160;</div>
              <hr noshade="noshade" align="left" style="background-color: #000000; border: 0px; height: 1px; width: 2in; margin-left: 0pt; margin-right: auto; color: #000000;">
              <div style="line-height: 1.25;"><sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">3</sup>&#160; Including an External Director.</div>
              <div style="line-height: 1.25;"><sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">4</sup>&#160;"Held Company" &#8211; a consolidated company, a proportionately consolidated company or an associate. "Associate"&#160; - as defined in
                the generally accepted accounting principles, and a company in which the corporation holds joint control and which is treated in accordance with the equity method.</div>
              <div style="line-height: 1.25">&#160;</div>
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                <div style="text-align: center;" id="DSPFPageNumberArea"><font style="font-weight: normal; font-style: normal;" id="DSPFPageNumber">A - 14</font></div>
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                <div>
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                    <div style="line-height: 1.25;"><br style="line-height: 1.25;">
                    </div>
                  </div>
                  <div style="text-align: center; line-height: 1.25; font-weight: bold;"><u>External Director Eligibility Declaration</u></div>
                  <div style="line-height: 1.25">&#160;</div>
                  <div style="text-align: justify; line-height: 1.25;">Pursuant to Sections 240(b)- (e) of the Companies Law, 5759-1999 (hereinafter: "<font style="font-weight: bold;">the Law</font>") and stating the expertise of the director in accordance to the Companies Regulations (Conditions and Tests for a Professionally Eligible Director with Accounting
                    and Financial Expertise and for a Professionally Eligible Director), 5766-2005, and for observance of Sections 92(A)(12) and 219(d) of the Companies Law, intended for tenure in TAT TECHNOLOGIES LTD. (hereinafter: "<font style="font-weight: bold;">the Company</font>")</div>
                  <div style="line-height: 1.25">&#160;</div>
                  <div style="line-height: 1.25;">Date of appointment:&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<u>the date of the Annual General meeting of Shareholders</u></div>
                  <div style="line-height: 1.25">&#160;</div>
                  <div style="line-height: 1.25">
                    <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

                        <tr>
                          <td style="width: 26.08%; vertical-align: top;" colspan="2">
                            <div style="line-height: 1.25;">Name of Candidate:</div>
                          </td>
                          <td style="width: 3.97%; vertical-align: top;">&#160;</td>
                          <td style="width: 19.03%; vertical-align: top; border-bottom: #000000 2px solid;">
                            <div style="text-align: center; line-height: 1.25;">Abraham</div>
                          </td>
                          <td style="width: 3.05%; vertical-align: top;">&#160;</td>
                          <td style="width: 21.38%; vertical-align: top; border-bottom: #000000 2px solid;">
                            <div style="text-align: center; line-height: 1.25;">Shani</div>
                          </td>
                          <td style="width: 3.05%; vertical-align: top;">&#160;</td>
                          <td style="width: 23.42%; vertical-align: top;">&#160;</td>
                        </tr>
                        <tr>
                          <td style="width: 12.02%; vertical-align: top;">&#160;</td>
                          <td style="width: 14.06%; vertical-align: top;">&#160;</td>
                          <td style="width: 3.97%; vertical-align: top;">&#160;</td>
                          <td style="width: 19.03%; vertical-align: top;">
                            <div style="text-align: center; line-height: 1.25;">First name</div>
                          </td>
                          <td style="width: 3.05%; vertical-align: top;">&#160;</td>
                          <td style="width: 21.38%; vertical-align: top;">
                            <div style="text-align: center; line-height: 1.25;">Surname</div>
                          </td>
                          <td style="width: 3.05%; vertical-align: top;">&#160;</td>
                          <td style="width: 23.42%; vertical-align: top;">&#160;</td>
                        </tr>
                        <tr>
                          <td style="width: 12.02%; vertical-align: top;">&#160;</td>
                          <td style="width: 14.06%; vertical-align: top;">&#160;</td>
                          <td style="width: 3.97%; vertical-align: top;">&#160;</td>
                          <td style="width: 19.03%; vertical-align: top;">&#160;</td>
                          <td style="width: 3.05%; vertical-align: top;">&#160;</td>
                          <td style="width: 21.38%; vertical-align: top;">&#160;</td>
                          <td style="width: 3.05%; vertical-align: top;">&#160;</td>
                          <td style="width: 23.42%; vertical-align: top;">&#160;</td>
                        </tr>
                        <tr>
                          <td style="width: 26.08%; vertical-align: top;" colspan="2">
                            <div style="line-height: 1.25;">Name in English</div>
                          </td>
                          <td style="width: 3.97%; vertical-align: top;">&#160;</td>
                          <td style="width: 19.03%; vertical-align: top; border-bottom: #000000 2px solid;">
                            <div style="text-align: center; line-height: 1.25;">Abraham</div>
                          </td>
                          <td style="width: 3.05%; vertical-align: top;">&#160;</td>
                          <td style="width: 21.38%; vertical-align: top; border-bottom: #000000 2px solid;">
                            <div style="text-align: center; line-height: 1.25;">Shani</div>
                          </td>
                          <td style="width: 3.05%; vertical-align: top;">&#160;</td>
                          <td style="width: 23.42%; vertical-align: top;">&#160;</td>
                        </tr>
                        <tr>
                          <td style="width: 26.08%; vertical-align: top;" colspan="2">
                            <div style="line-height: 1.25;">(according to passport)</div>
                          </td>
                          <td style="width: 3.97%; vertical-align: top;">&#160;</td>
                          <td style="width: 19.03%; vertical-align: top;">
                            <div style="text-align: center; line-height: 1.25;">First name</div>
                          </td>
                          <td style="width: 3.05%; vertical-align: top;">&#160;</td>
                          <td style="width: 21.38%; vertical-align: top;">
                            <div style="text-align: center; line-height: 1.25;">Surname</div>
                          </td>
                          <td style="width: 3.05%; vertical-align: top;">&#160;</td>
                          <td style="width: 23.42%; vertical-align: top;">&#160;</td>
                        </tr>
                        <tr>
                          <td style="width: 12.02%; vertical-align: top;">&#160;</td>
                          <td style="width: 14.06%; vertical-align: top;">&#160;</td>
                          <td style="width: 3.97%; vertical-align: top;">&#160;</td>
                          <td style="width: 19.03%; vertical-align: top;">&#160;</td>
                          <td style="width: 3.05%; vertical-align: top;">&#160;</td>
                          <td style="width: 21.38%; vertical-align: top;">&#160;</td>
                          <td style="width: 3.05%; vertical-align: top;">&#160;</td>
                          <td style="width: 23.42%; vertical-align: top;">&#160;</td>
                        </tr>
                        <tr>
                          <td style="width: 12.02%; vertical-align: top; padding-bottom: 2px;">
                            <div style="line-height: 1.25;">ID No.</div>
                          </td>
                          <td style="width: 14.06%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">
                            <div style="text-align: center; line-height: 1.25; font-family: 'Times New Roman',Times,serif;">59253971</div>
                          </td>
                          <td style="width: 3.97%; vertical-align: top; padding-bottom: 2px;">&#160;</td>
                          <td style="width: 19.03%; vertical-align: top; padding-bottom: 2px;">&#160;</td>
                          <td style="width: 3.05%; vertical-align: top; padding-bottom: 2px;">&#160;</td>
                          <td style="width: 21.38%; vertical-align: top; padding-bottom: 2px;">&#160;</td>
                          <td style="width: 3.05%; vertical-align: top; padding-bottom: 2px;">&#160;</td>
                          <td style="width: 23.42%; vertical-align: top; padding-bottom: 2px;">&#160;</td>
                        </tr>
                        <tr>
                          <td style="width: 12.02%; vertical-align: top;">&#160;</td>
                          <td style="width: 14.06%; vertical-align: top;">&#160;</td>
                          <td style="width: 3.97%; vertical-align: top;">&#160;</td>
                          <td style="width: 19.03%; vertical-align: top;">&#160;</td>
                          <td style="width: 3.05%; vertical-align: top;">&#160;</td>
                          <td style="width: 21.38%; vertical-align: top;">&#160;</td>
                          <td style="width: 3.05%; vertical-align: top;">&#160;</td>
                          <td style="width: 23.42%; vertical-align: top;">&#160;</td>
                        </tr>
                        <tr>
                          <td style="width: 26.08%; vertical-align: top; padding-bottom: 2px;" colspan="2" rowspan="1">
                            <div style="line-height: 1.25;">Date of birth:</div>
                          </td>
                          <td style="width: 3.97%; vertical-align: top; padding-bottom: 2px;" rowspan="1">&#160;</td>
                          <td style="width: 19.03%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);" rowspan="1">
                            <div style="text-align: center; line-height: 1.25;">
                              <div style="line-height: 1.25;">26/03/1948</div>
                            </div>
                          </td>
                          <td style="width: 3.05%; vertical-align: top; padding-bottom: 2px;" rowspan="1">&#160;</td>
                          <td style="width: 21.38%; vertical-align: top; padding-bottom: 2px;" rowspan="1">
                            <div style="text-align: center; line-height: 1.25;">Nationality:</div>
                          </td>
                          <td style="width: 3.05%; vertical-align: top; padding-bottom: 2px;" rowspan="1">&#160;</td>
                          <td style="width: 23.42%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);" rowspan="1">
                            <div style="line-height: 1.25;">Israeli</div>
                          </td>
                        </tr>
                        <tr>
                          <td style="width: 26.08%; vertical-align: top;" colspan="2">&#160;</td>
                          <td style="width: 3.97%; vertical-align: top;">&#160;</td>
                          <td style="width: 19.03%; vertical-align: top;">&#160;</td>
                          <td style="width: 3.05%; vertical-align: top;">&#160;</td>
                          <td style="width: 21.38%; vertical-align: top;">&#160;</td>
                          <td style="width: 3.05%; vertical-align: top;">&#160;</td>
                          <td style="width: 23.42%; vertical-align: top;">&#160;</td>
                        </tr>
                        <tr>
                          <td style="width: 26.08%; vertical-align: top;" colspan="2">
                            <div style="line-height: 1.25;">My address:</div>
                          </td>
                          <td style="width: 3.97%; vertical-align: top;">&#160;</td>
                          <td style="width: 19.03%; vertical-align: top; border-bottom: #000000 2px solid;">
                            <div style="text-align: center; line-height: 1.25;">
                              <div style="line-height: 1.25;">38 Rothschild</div>
                            </div>
                          </td>
                          <td style="width: 3.05%; vertical-align: top;">&#160;</td>
                          <td style="width: 21.38%; vertical-align: top; border-bottom: #000000 2px solid;">
                            <div style="text-align: center; line-height: 1.25;">
                              <div style="line-height: 1.25;">Ness Ziona</div>
                            </div>
                          </td>
                          <td style="width: 3.05%; vertical-align: top;">&#160;</td>
                          <td style="width: 23.42%; vertical-align: top; border-bottom: #000000 2px solid;">74045</td>
                        </tr>
                        <tr>
                          <td style="width: 26.08%; vertical-align: top;" colspan="2">&#160;</td>
                          <td style="width: 3.97%; vertical-align: top;">&#160;</td>
                          <td style="width: 19.03%; vertical-align: top;">
                            <div style="text-align: center; line-height: 1.25;">Street</div>
                          </td>
                          <td style="width: 3.05%; vertical-align: top;">&#160;</td>
                          <td style="width: 21.38%; vertical-align: top;">
                            <div style="text-align: center; line-height: 1.25;">Town</div>
                          </td>
                          <td style="width: 3.05%; vertical-align: top;">&#160;</td>
                          <td style="width: 23.42%; vertical-align: top;">
                            <div style="text-align: center; line-height: 1.25;">Zip code</div>
                          </td>
                        </tr>

                    </table>
                    <div style="text-indent: 108pt; line-height: 1.25;"><br style="line-height: 1.25;">
                    </div>
                  </div>
                  <div style="line-height: 1.25; font-weight: bold;">Declarations</div>
                  <div style="line-height: 1.25">&#160;</div>
                  <div>
                    <table cellspacing="0" cellpadding="0" id="z2cf579cf9cb343e5ac63b28f45ce4977" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-bottom: 10pt; width: 100%; text-align: left; color: #000000;">

                        <tr>
                          <td style="width: 21.3pt; vertical-align: top; align: right;">
                            <div style="line-height: 1.25;">A.</div>
                          </td>
                          <td style="width: auto; vertical-align: top;">
                            <div style="text-align: justify; line-height: 1.25;">I hereby confirm my consent to serve as a External director in the Company.</div>
                          </td>
                        </tr>

                    </table>
                  </div>
                  <div>
                    <table cellspacing="0" cellpadding="0" id="z810d091351bf436f88fb92b4503690b2" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-bottom: 10pt; width: 100%; text-align: left; color: #000000;">

                        <tr>
                          <td style="width: 21.3pt; vertical-align: top; align: right;">
                            <div style="line-height: 1.25;">B.</div>
                          </td>
                          <td style="width: auto; vertical-align: top;">
                            <div style="text-align: justify; line-height: 1.25;">I possess the necessary qualifications and skills and have the ability to dedicate the adequate time for the
                              purpose of fulfilling my position as a director in the Company, taking into account, among other things, the Company's special needs and its size, as required by the Law.</div>
                          </td>
                        </tr>

                    </table>
                  </div>
                  <div style="margin-left: 21.3pt; line-height: 1.25;">My qualifications were presented to the Company. For more information please see the most recent Form
                    20-F, which includes a updated description of my academic degrees, as well as previous experience relevant for the evaluation of my suitability to serve as a director.</div>
                  <div style="line-height: 1.25">&#160;</div>
                  <div>
                    <table cellspacing="0" cellpadding="0" id="zbbf5bd2f78414269923879bf6392f60f" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-bottom: 10pt; width: 100%; text-align: left; color: #000000;">

                        <tr>
                          <td style="width: 21.3pt; vertical-align: top; align: right;">
                            <div style="line-height: 1.25;">C.</div>
                          </td>
                          <td style="width: auto; vertical-align: top;">
                            <div style="text-align: justify; line-height: 1.25;">I declare that I meet the eligibility requirements provided for by the Companies Law to serve as a director in
                              the Company, and I declare that:</div>
                          </td>
                        </tr>

                    </table>
                  </div>
                  <div>
                    <table cellspacing="0" cellpadding="0" id="zf8647649abd345419cf4df07fe045422" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-bottom: 10pt; width: 100%; text-align: left; color: #000000;">

                        <tr>
                          <td style="width: 42.55pt; vertical-align: top; align: right;">
                            <div style="margin-left: 21.3pt; line-height: 1.25;">1.</div>
                          </td>
                          <td style="width: auto; vertical-align: top;">
                            <div style="text-align: justify; line-height: 1.25;">I am not a minor, legally incompetent and I was not declared non-discharged bankrupt.</div>
                          </td>
                        </tr>

                    </table>
                  </div>
                  <div>
                    <table cellspacing="0" cellpadding="0" id="zcf18090d53ab4dc3bfcb182fff2426fd" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-bottom: 10pt; width: 100%; text-align: left; color: #000000;">

                        <tr>
                          <td style="width: 42.55pt; vertical-align: top; align: right;">
                            <div style="margin-left: 21.3pt; line-height: 1.25;">2.</div>
                          </td>
                          <td style="width: auto; vertical-align: top;">
                            <div style="text-align: justify; line-height: 1.25;">My other positions or occupations will not form a conflict of interests with my position as a director and will
                              not impair my ability to serve as a director.</div>
                          </td>
                        </tr>

                    </table>
                  </div>
                  <div>
                    <table cellspacing="0" cellpadding="0" id="z4653e632edca459fa8dbe6a6a4e25e08" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-bottom: 10pt; width: 100%; text-align: left; color: #000000;">

                        <tr>
                          <td style="width: 42.55pt; vertical-align: top; align: right;">
                            <div style="margin-left: 21.3pt; line-height: 1.25;">3.</div>
                            <div style="line-height: 1.25">&#160;</div>
                          </td>
                          <td style="width: auto; vertical-align: top;">
                            <div style="text-align: justify; line-height: 1.25;">I have not been convicted in a judgment in the first instance of the following offences and if I was previously
                              convicted in a judgment of the following offences, the court determined, at the time of conviction or thereafter, at my request, that albeit my conviction of the following offences and considering, <font style="font-style: italic;">inter alia</font>, the circumstances under which the offence was committed, I have no hindrance to serve as a director in a public company or that five
                              years or a shorter period of time (in which I have no hindrance to serve as a director in a public company) elapsed from the date the judgment of which I was convicted was rendered,&#160; at the court's decision:</div>
                          </td>
                        </tr>

                    </table>
                    <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" id="DSPFPageBreakArea">
                      <div style="text-align: center;" id="DSPFPageNumberArea"><font style="color: #000000; font-weight: normal; font-style: normal;" id="DSPFPageNumber">A - 15</font></div>
                      <div style="page-break-after: always;" id="DSPFPageBreak">
                        <hr noshade="noshade" style="border-width: 0px; clear: both; margin: 4px 0px; width: 100%; height: 2px; color: #000000; background-color: #000000;"></div>
                    </div>
                    <!--PROfilePageNumberReset%Num%16%A - %%--></div>
                  <div>
                    <table cellspacing="0" cellpadding="0" id="zd5aa15a510a1432bb7dd98ff5a4c4cd5" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-bottom: 10pt; width: 100%; text-align: left; color: #000000;">

                        <tr>
                          <td style="width: 63.8pt; vertical-align: top; align: right;">
                            <div style="margin-left: 42.55pt; line-height: 1.25;">a)</div>
                            <div style="line-height: 1.25">&#160;</div>
                          </td>
                          <td style="width: auto; vertical-align: top;">
                            <div style="text-align: justify; line-height: 1.25;">Offences pursuant to Sections 290 to 297, 392, 415, 418 to 420 and 422 to 428 of the Penal Law, 5737-1977, and
                              pursuant to Sections 52C, 52D, 53(A) and 54 of the Securities Law, 5728-1968 (hereinafter: "<font style="font-weight: bold;">the Securities Law</font>") or Any
                              other offence determined by the Minister of Justice by virtue of Section 226(C) of the Companies Law, 5759-1999.</div>
                          </td>
                        </tr>

                    </table>
                  </div>
                  <div>
                    <table cellspacing="0" cellpadding="0" id="z46746cdc93594ca0b1cb8f9ef33598b7" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-bottom: 10pt; width: 100%; text-align: left; color: #000000;">

                        <tr>
                          <td style="width: 63.8pt; vertical-align: top; align: right;">
                            <div style="margin-left: 42.55pt; line-height: 1.25;">b)</div>
                          </td>
                          <td style="width: auto; vertical-align: top;">
                            <div style="text-align: justify; line-height: 1.25;">Conviction in a court outside Israel of offences of bribery, deceit, offences by managers of a corporate body or
                              offences involving misuse of inside information.</div>
                          </td>
                        </tr>

                    </table>
                  </div>
                  <div>
                    <table cellspacing="0" cellpadding="0" id="zdc09ea1ca82b48d891c5f29cff7f36f9" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-bottom: 10pt; width: 100%; text-align: left; color: #000000;">

                        <tr>
                          <td style="width: 42.55pt; vertical-align: top; align: right;">
                            <div style="margin-left: 21.3pt; line-height: 1.25;">4.</div>
                            <div style="line-height: 1.25">&#160;</div>
                          </td>
                          <td style="width: auto; vertical-align: top;">
                            <div style="text-align: justify; line-height: 1.25;">I have not been convicted in a judgment in the first instance of any other offence, which is not mentioned in
                              section 4 above, in respect of which a court holds that, due to the substance, gravity or circumstances of such offense, I am not fit to serve as a director in either a public company or a private company which is a bonds'
                              company and if I was convicted in the past in a judgment in the first instance of the abovementioned offence, five years or a shorter period of time (in which I have no hindrance to serve as a director in a public company or a
                              Bonds' company) elapsed from the date the judgment of which I was convicted was rendered,&#160; at the court's decision.</div>
                          </td>
                        </tr>

                    </table>
                  </div>
                  <div>
                    <table cellspacing="0" cellpadding="0" id="z66cd2957fc164032a25dc65f00586d89" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-bottom: 10pt; width: 100%; text-align: left; color: #000000;">

                        <tr>
                          <td style="width: 42.55pt; vertical-align: top; align: right;">
                            <div style="margin-left: 21.3pt; line-height: 1.25;">5.</div>
                            <div style="line-height: 1.25">&#160;</div>
                          </td>
                          <td style="width: auto; vertical-align: top;">
                            <div style="text-align: justify; line-height: 1.25;">No means of Enforcement (as defined in the Securities Law) have been imposed on me by The Administrative
                              Enforcement Committee (as defined in the Securities Law) which forbids me to serve as a director in any public company or Bonds' company and/or the Company and if such means of enforcement was imposed on me, the period
                              prescribed by the Administrative Enforcement Committee in its decision elapsed.</div>
                          </td>
                        </tr>

                    </table>
                  </div>
                  <div>
                    <table cellspacing="0" cellpadding="0" id="z56f04644e35545628401a01eee02e77d" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-bottom: 10pt; width: 100%; text-align: left; color: #000000;">

                        <tr>
                          <td style="width: 42.55pt; vertical-align: top; align: right;">
                            <div style="margin-left: 21.3pt; line-height: 1.25;">6.</div>
                            <div style="line-height: 1.25">&#160;</div>
                          </td>
                          <td style="width: auto; vertical-align: top;">
                            <div style="text-align: justify; line-height: 1.25;">If I cease to meet any of the conditions required pursuant to the Companies Law to my serving as a director in
                              the Company or if there is any ground for the expiry of my tenure as a director in the Company, including due to conviction by a judgment in the first instance of an offence as stated in Section 4(A) or 5 above and/or due to a
                              decision of the Administrative Enforcement Committee, as defined above &#8211; I will immediately inform the Company accordingly and my tenure will expire on the date the notice is delivered. I am aware that pursuant to Section 234
                              of the Companies Law, breaching such duty of disclosure will be deemed as having committed a breach of my fiduciary duty to the Company.</div>
                          </td>
                        </tr>

                    </table>
                  </div>
                  <div>
                    <table cellspacing="0" cellpadding="0" id="zda2c89f8aac24548beb0d6f2da3b4c4a" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-bottom: 10pt; width: 100%; text-align: left; color: #000000;">

                        <tr>
                          <td style="width: 21.3pt; vertical-align: top; align: right;">
                            <div style="line-height: 1.25;">D.</div>
                            <div style="line-height: 1.25">&#160;</div>
                          </td>
                          <td style="width: auto; vertical-align: top;">
                            <div style="text-align: justify; line-height: 1.25;">For the purpose of considering whether you are eligible to serve as a director with accounting and financial
                              expertise or Professionally Eligible Director, please declare as follows, all definiteness are as of the date hereof in the Companies Regulations (Conditions and Tests for a Professionally Eligible Director with Accounting and
                              Financial Expertise and for a Professionally Eligible Director), 5766-2005:<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;"> 1</sup></div>
                          </td>
                        </tr>

                    </table>
                  </div>
                  <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" id="DSPFPageBreakArea">
                    <div style="text-align: center;" id="DSPFPageNumberArea"><font style="color: #000000; font-weight: normal; font-style: normal;" id="DSPFPageNumber">A - 16</font></div>
                    <div style="page-break-after: always;" id="DSPFPageBreak">
                      <hr noshade="noshade" style="border-width: 0px; clear: both; margin: 4px 0px; width: 100%; height: 2px; color: #000000; background-color: #000000;"></div>
                  </div>
                  <!--PROfilePageNumberReset%Num%17%A - %%-->
                  <div style="text-align: justify; text-indent: -28.35pt; margin-left: 49.65pt; line-height: 1.25;">&#160;&#9746;&#160;&#160;&#160;&#160; Eligible to serve as a Director with accounting and financial
                    expertise;</div>
                  <div style="line-height: 1.25">&#160;</div>
                  <div style="text-align: justify; text-indent: -28.35pt; margin-left: 49.65pt; line-height: 1.25;">&#160;&#9746;&#160;&#160;&#160;&#160; Eligible to serve as a Professionally Eligible Director;</div>
                  <div style="line-height: 1.25">&#160;</div>
                  <div style="text-align: justify; text-indent: -28.35pt; margin-left: 49.65pt; line-height: 1.25;">&#160;&#9744;&#160;&#160;&#160;&#160; None of the above;</div>
                  <div style="line-height: 1.25">&#160;</div>
                  <div>
                    <table cellspacing="0" cellpadding="0" id="z0c149af8e9f141e0a7cd6f6ffbd9e38f" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-bottom: 10pt; width: 100%; text-align: left; color: #000000;">

                        <tr>
                          <td style="width: 21.3pt; vertical-align: top; align: right;">
                            <div style="line-height: 1.25;">E.</div>
                          </td>
                          <td style="width: auto; vertical-align: top;">
                            <div style="text-align: justify; line-height: 1.25;">For the purpose of considering whether you are an independent director, I declare as follows<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">2</sup>:</div>
                          </td>
                        </tr>

                    </table>
                  </div>
                  <div style="text-align: justify; text-indent: -14.7pt; margin-left: 36pt; line-height: 1.25;">&#160;&#9746; &#160;&#160; I am not a relative of the Company's controlling person.</div>
                  <div style="text-align: justify; text-indent: -14.7pt; margin-left: 36pt; line-height: 1.25;"> <br>
                  </div>
                  <div style="text-align: justify; text-indent: -21.25pt; margin-left: 42.55pt; line-height: 1.25;">&#160;&#9746;&#160;&#160; At the time of the appointment or during the preceding two years I, my
                    Relative,&#160; employer, direct or indirect supervisor or the corporation of which I am the controlling person, have no connection to the Company, to the Company's controlling person or to the controlling person's Relative or to another
                    corporation or company having no controlling person or to anyone holding the controlling block or to anyone who is, at the time of the appointment, the chairman of the board of directors, the CEO, substantial shareholder or most senior
                    office holder in the financial area;</div>
                  <div style="line-height: 1.25">&#160;</div>
                  <div style="text-align: justify; margin-left: 42.55pt; line-height: 1.25;">For the purpose of the declaration pursuant to this Section E:</div>
                  <div style="line-height: 1.25">&#160;</div>
                  <div style="text-align: justify; margin-left: 42.55pt; line-height: 1.25;">"Connection" &#8211; the existence of labor relations, business or professional relations generally or
                    control as well as acting as an office holder, other than a director appointed to serve as an external director in a company about to offer shares to the public for the first time, other than extraordinary cases pursuant to the
                    Companies Regulations (Matters that do not Constitute Connection), 5767-2006 and other than serving as a director in a company prior to being classified as an independent director;</div>
                  <div style="line-height: 1.25">&#160;</div>
                  <div style="text-align: justify; margin-left: 42.55pt; line-height: 1.25;">"Another Corporation" &#8211; a corporation the controlling person of which, at the time of the
                    appointment or during the preceding two years, is the Company or its controlling person.</div>
                  <div style="line-height: 1.25">&#160;</div>
                  <div style="text-align: justify; margin-left: 42.55pt; line-height: 1.25;">"Relative" &#8211; spouse, brother or sister, parent, parent's parents, offspring as well as the
                    offspring, brother, sister or parent of the spouse or the spouse of each of the aforesaid. </div>
                  <div style="text-align: justify; margin-left: 42.55pt; line-height: 1.25;"> <br>
                  </div>
                  <div style="text-align: justify; margin-left: 42.55pt; line-height: 1.25;">Without derogating from the abovementioned, I, my Relative, employer, direct or indirect supervisor
                    or the corporation of which I am the controlling person, have no business or professional relationship with anyone the connection with is forbidden pursuant to the provisions in this Section above, even if such relationship is not
                    generally, other than minor relationship, and I did not receive any consideration in addition to the compensation and expense reimbursement to which I am entitled, pursuant to the Companies Regulations (Rules regarding Compensation and
                    Expense Reimbursement of External&#160;Directors), 5760-2000, directly or indirectly, due to serving as a director in the Company.</div>
                  <div style="line-height: 1.25; font-family: 'Times New Roman',Times,serif;">&#160;<br>
                    <hr noshade="noshade" align="left" style="background-color: #000000; border: 0px; height: 1px; width: 2in; margin-left: 0pt; margin-right: auto; color: #000000;"><sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">1</sup> Please tick all relevant boxes.
                    <div><sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">2</sup> Please tick all relevant boxes.</div>
                  </div>
                  <div style="text-align: justify; margin-left: 42.55pt; line-height: 1.25;"> <br>
                  </div>
                  <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" id="DSPFPageBreakArea">
                    <div style="text-align: center;" id="DSPFPageNumberArea"><font style="color: #000000; font-weight: normal; font-style: normal;" id="DSPFPageNumber">A - 17</font></div>
                    <div style="page-break-after: always;" id="DSPFPageBreak">
                      <hr noshade="noshade" style="border-width: 0px; clear: both; margin: 4px 0px; width: 100%; height: 2px; color: #000000; background-color: #000000;"></div>
                  </div>
                  <!--PROfilePageNumberReset%Num%18%A - %%-->
                  <div style="line-height: 1.25">&#160;</div>
                  <div style="text-align: justify; margin-left: 42.55pt; line-height: 1.25;">I know that if such relations shall take place and/or such consideration will be received by me
                    during my tenure, it will be seen as a breach of the terms required for my appointment or tenure as Independent Director.</div>
                  <div style="line-height: 1.25">&#160;</div>
                  <table cellspacing="0" cellpadding="0" id="z72ea259b9a7643d0a3504e150026449c" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

                      <tr>
                        <td style="width: 21.3pt;"><br>
                        </td>
                        <td style="width: 21.25pt; vertical-align: top; align: right;">&#9746;</td>
                        <td style="width: auto; vertical-align: top; text-align: justify;">
                          <div>My other positions or occupations do not or may not form a conflict of interests with my position as a director and will not impair my ability to serve as
                            a director.</div>
                        </td>
                      </tr>

                  </table>
                  <div style="line-height: 1.25">&#160;</div>
                  <table cellspacing="0" cellpadding="0" id="z0c703f3b48984cee929a336f80a97c8b" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

                      <tr>
                        <td style="width: 21.3pt;"><br>
                        </td>
                        <td style="width: 21.25pt; vertical-align: top; align: right;">&#9746;</td>
                        <td style="width: auto; vertical-align: top; text-align: justify;">
                          <div>I do not serve as a director in another company in which any of the Company's directors serves as an independent director<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">3</sup>.</div>
                        </td>
                      </tr>

                  </table>
                  <div style="line-height: 1.25">&#160;</div>
                  <table cellspacing="0" cellpadding="0" id="z6bd35f737ec04b329e88095f5f2930d8" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

                      <tr>
                        <td style="width: 21.3pt;"><br>
                        </td>
                        <td style="width: 21.25pt; vertical-align: top; align: right;">&#9746;</td>
                        <td style="width: auto; vertical-align: top; text-align: justify;">
                          <div>I am not an employee of the Securities Authority nor am I an employee of any stock exchange in Israel.</div>
                        </td>
                      </tr>

                  </table>
                  <div style="line-height: 1.25">&#160;</div>
                  <table cellspacing="0" cellpadding="0" id="z2c500931cdce421aaf6121fc0b2c7b6e" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

                      <tr>
                        <td style="width: 21.3pt;"><br>
                        </td>
                        <td style="width: 21.25pt; vertical-align: top; align: right;">&#9746;</td>
                        <td style="width: auto; vertical-align: top; text-align: justify;">
                          <div>I do not serve as a director in the Company for more nine consecutive years.</div>
                        </td>
                      </tr>

                  </table>
                  <div style="line-height: 1.25">&#160;</div>
                  <div style="text-align: justify; text-indent: -21.25pt; margin-left: 42.55pt; line-height: 1.25;">For the purpose of the declaration pursuant to this Section E:</div>
                  <div style="line-height: 1.25">&#160;</div>
                  <div style="text-align: justify; margin-left: 21.3pt; line-height: 1.25;">The termination of tenure which does not exceed two years will not be regarded as terminating the
                    continuity of tenure.</div>
                  <div style="line-height: 1.25">&#160;</div>
                  <div style="text-align: justify; margin-left: 21.3pt; line-height: 1.25;">For the purpose of this Section an "Independent Director" is a director meeting all the conditions
                    and tests in Section E above.</div>
                  <div style="line-height: 1.25">&#160;</div>
                  <table cellspacing="0" cellpadding="0" id="z8ab8eb295502494493f127254a6683f4" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

                      <tr>
                        <td style="width: 21.3pt;"><br>
                        </td>
                        <td style="width: 21.25pt; vertical-align: top; align: right;">&#9744;</td>
                        <td style="width: auto; vertical-align: top; text-align: justify;">
                          <div>I do not meet all or some of the conditions and tests stated above and therefore, I do not meet the definition of an "Independent Director".</div>
                        </td>
                      </tr>

                  </table>
                  <div style="line-height: 1.25">&#160;</div>
                  <div>
                    <table cellspacing="0" cellpadding="0" id="z77cdb59045d34e40941074b9db2907ea" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-bottom: 10pt; width: 100%; text-align: left; color: #000000;">

                        <tr>
                          <td style="width: 21.3pt; vertical-align: top; align: right;">
                            <div style="line-height: 1.25;">F.</div>
                          </td>
                          <td style="width: auto; vertical-align: top;">
                            <div style="text-align: justify; line-height: 1.25;">My holdings of Securities of the Company, its Held Company<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">4</sup>, if its activity is material for the
                              Company's activity ,are as follows:&#160; <u>None</u><br>
                            </div>
                          </td>
                        </tr>

                    </table>
                  </div>
                  <div>
                    <table cellspacing="0" cellpadding="0" id="zc606f025df654af0bf6bd6883f710ab0" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-bottom: 10pt; width: 100%; text-align: left; color: #000000;">

                        <tr>
                          <td style="width: 21.3pt; vertical-align: top; align: right;">
                            <div style="line-height: 1.25;">G.</div>
                          </td>
                          <td style="width: auto; vertical-align: top;">
                            <div style="text-align: justify; line-height: 1.25;">I am aware that I must immediately report the Company of any increase or decrease in my holdings of Securities
                              of the Company, or a Held Company<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">4</sup>, if its activity is material for the Company's activity.</div>
                          </td>
                        </tr>

                    </table>
                  </div>
                  <div>
                    <table cellspacing="0" cellpadding="0" id="zd14eb26dea684f3a9544e315905d81c2" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

                        <tr>
                          <td style="width: 21.3pt; vertical-align: top; align: right;">
                            <div style="line-height: 1.25;">H.</div>
                          </td>
                          <td style="width: auto; vertical-align: top;">
                            <div style="text-align: justify; line-height: 1.25;">Are you an employee/office holder of the Company, its subsidiary, an affiliate thereto or a party of interest of
                              the Company, if so &#8211; do provide further details: <u>No</u></div>
                          </td>
                        </tr>

                    </table>
                  </div>
                  <div>
                    <table cellspacing="0" cellpadding="0" id="za501dfd85f7040bb984d3143850de459" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

                        <tr>
                          <td style="width: 21.3pt; vertical-align: top; align: right;">
                            <div style="line-height: 1.25;">I.</div>
                          </td>
                          <td style="width: auto; vertical-align: top;">
                            <div style="text-align: justify; line-height: 1.25;">Are you a family member of a senior office holder in the Company or of a party of interest of the Company, if so
                              &#8211; do provide further details: <u>No</u><br>
                            </div>
                          </td>
                        </tr>

                    </table>
                  </div>
                  <div style="line-height: 1.25">&#160;<br>
                    <hr noshade="noshade" align="left" style="background-color: #000000; border: 0px; height: 1px; width: 2in; margin-left: 0pt; margin-right: auto; color: #000000;">
                    <div>
                      <div style="line-height: 1.25;"><sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">3</sup>&#160; Including an External Director.</div>
                      <div style="text-align: justify; text-indent: -5.65pt; margin-left: 5.65pt; line-height: 1.25;"><sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">4</sup> "Held Company" &#8211; a consolidated company, a proportionately
                        consolidated company or an associate. "Associate"&#160; - as defined in the generally accepted accounting principles, and a company in which the corporation holds joint control and which is treated in accordance with the equity method.</div>
                    </div>
                  </div>
                  <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" id="DSPFPageBreakArea">
                    <div style="text-align: center;" id="DSPFPageNumberArea"><font style="color: #000000; font-weight: normal; font-style: normal;" id="DSPFPageNumber">A - 18</font></div>
                    <div style="page-break-after: always;" id="DSPFPageBreak">
                      <hr noshade="noshade" style="border-width: 0px; clear: both; margin: 4px 0px; width: 100%; height: 2px; color: #000000; background-color: #000000;"></div>
                  </div>
                  <!--PROfilePageNumberReset%Num%19%A - %%-->
                  <div>
                    <table cellspacing="0" cellpadding="0" id="z7d9d4ec9f5d44c80bb009bfd125f145e" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-bottom: 10pt; width: 100%; text-align: left; color: #000000;">

                        <tr>
                          <td style="width: 21.3pt; vertical-align: top; align: right;">
                            <div style="line-height: 1.25;">J.</div>
                            <div style="line-height: 1.25">&#160;</div>
                          </td>
                          <td style="width: auto; vertical-align: top;">
                            <div style="text-align: justify; line-height: 1.25;">After having carefully read and understood all the aforesaid, I declare that all the aforesaid is true and that
                              the identifying details are accurate and full and have been written by me, in my handwriting, and that I am aware that the provisions of the Companies Law stated above are not an exhaustive and final list and I know my full
                              duties and rights pursuant to the Law.</div>
                          </td>
                        </tr>

                    </table>
                  </div>
                  <div style="text-align: justify; margin-left: 21.3pt; line-height: 1.25;">In addition, I do not know of any other substantial detail that may affect my tenure as a director
                    and/or the decision of the Company's audit committee as to my compliance with the eligibility conditions and tests to serve as an Independent Director and that had I known of any such detail, I would have indicated it in the
                    declaration. If such detail is known to me, I will notify the Company immediately.</div>
                  <div style="line-height: 1.25">&#160;
                    <div style="line-height: 1.25;">
                      <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%;">

                            <tr>
                              <td style="width: 25%; padding-bottom: 2px;">
                                <div>&#160;</div>
                              </td>
                              <td style="width: 10%; border-bottom: 2px solid rgb(0, 0, 0);">
                                <div>&#160;</div>
                              </td>
                              <td style="width: 30%; padding-bottom: 2px;" colspan="1">&#160;</td>
                              <td style="width: 10%; border-bottom: 2px solid rgb(0, 0, 0);">
                                <div>&#160;</div>
                              </td>
                              <td style="width: 25%; padding-bottom: 2px;">
                                <div>&#160;</div>
                              </td>
                            </tr>
                            <tr>
                              <td style="width: 25%;">
                                <div>&#160;</div>
                              </td>
                              <td style="width: 10%;">
                                <div style="text-align: center;"><font style="font-family: 'Times New Roman',Times,serif;">Date</font></div>
                              </td>
                              <td style="width: 30%;" colspan="1">&#160;</td>
                              <td style="width: 10%;">
                                <div style="text-align: center;"><font style="font-family: 'Times New Roman',Times,serif;">Signature</font></div>
                              </td>
                              <td style="width: 25%;">
                                <div>&#160;</div>
                              </td>
                            </tr>

                        </table>
                      </div>
                    </div>
                    <div style="line-height: 1.25">&#160;</div>
                  </div>
                </div>
                <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" id="DSPFPageBreakArea">
                  <div style="text-align: center;" id="DSPFPageNumberArea"><font style="color: #000000; font-weight: normal; font-style: normal;" id="DSPFPageNumber">A - 19</font></div>
                  <div style="page-break-after: always;" id="DSPFPageBreak">
                    <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: center; line-height: 1.25; font-family: 'Times New Roman',Times,serif; font-weight: bold;">APPENDIX B</div>
                <div style="text-align: center; line-height: 1.25; font-family: 'Times New Roman',Times,serif; font-weight: bold;">COMPENSATION POLICY</div>
                <div style="line-height: 1.25;">&#160;</div>
                <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" id="DSPFPageBreakArea">
                  <div style="page-break-after: always;" id="DSPFPageBreak">
                    <hr noshade="noshade" style="border-width: 0px; clear: both; margin: 4px 0px; width: 100%; height: 2px; color: #000000; background-color: #000000;"></div>
                </div>
                <!--PROfilePageNumberReset%Num%2%B - %%-->
                <div style="text-align: center; line-height: 1.25; font-family: 'Times New Roman',Times,serif; font-weight: bold;"><u>Executives &amp; Directors Compensation Policy</u></div>
                <div style="line-height: 1.25;">&#160;</div>
                <table cellspacing="0" cellpadding="0" id="z3bec7cc8ac4d416a831f6dfdee6c582a" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

                    <tr>
                      <td style="width: 14.2pt; vertical-align: top; font-family: 'Times New Roman',Times,serif; font-weight: bold;">I.</td>
                      <td style="width: auto; vertical-align: top; text-align: justify;">
                        <div style="font-family: 'Times New Roman',Times,serif; font-weight: bold;"><u>OVERVIEW</u></div>
                      </td>
                    </tr>

                </table>
                <div style="line-height: 1.25;">&#160;</div>
                <table cellspacing="0" cellpadding="0" id="zac4631b3f6594ede9747c9e4ba57a3a3" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

                    <tr>
                      <td style="width: 14.2pt; vertical-align: top; font-family: 'Times New Roman',Times,serif;">1.</td>
                      <td style="width: auto; vertical-align: top; text-align: justify;">
                        <div style="font-family: 'Times New Roman',Times,serif; font-weight: bold;"><u>Definitions</u></div>
                      </td>
                    </tr>

                </table>
                <div style="line-height: 1.25;">&#160;</div>
                <table cellspacing="0" cellpadding="0" id="zde0c499312014b3da9393c24d4aef91e" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

                    <tr>
                      <td style="width: 50%; vertical-align: top;">
                        <div style="text-align: justify; margin-right: 56.7pt; line-height: 1.25; font-family: 'Times New Roman',Times,serif; font-weight: bold;">Company</div>
                      </td>
                      <td style="width: 50%; vertical-align: top;">
                        <div style="text-align: justify; margin-right: 56.7pt; line-height: 1.25; font-family: 'Times New Roman',Times,serif;">TAT TECHNOLOGIES LTD.</div>
                      </td>
                    </tr>
                    <tr>
                      <td style="width: 50%; vertical-align: top;" rowspan="1">&#160;</td>
                      <td style="width: 50%; vertical-align: top;" rowspan="1">&#160;</td>
                    </tr>
                    <tr>
                      <td style="width: 50%; vertical-align: top;">
                        <div style="text-align: justify; margin-right: 56.7pt; line-height: 1.25; font-family: 'Times New Roman',Times,serif; font-weight: bold;">Law</div>
                      </td>
                      <td style="width: 50%; vertical-align: top;">
                        <div style="text-align: justify; line-height: 1.25; font-family: 'Times New Roman',Times,serif;">The Israeli Companies Law 5759-1999 and any regulations promulgated under it, as amended from time to time.</div>
                      </td>
                    </tr>
                    <tr>
                      <td style="width: 50%; vertical-align: top;" rowspan="1">&#160;</td>
                      <td style="width: 50%; vertical-align: top;" rowspan="1">&#160;</td>
                    </tr>
                    <tr>
                      <td style="width: 50%; vertical-align: top;">
                        <div style="text-align: justify; margin-right: 56.7pt; line-height: 1.25; font-family: 'Times New Roman',Times,serif; font-weight: bold;">Amendment 20</div>
                      </td>
                      <td style="width: 50%; vertical-align: top;">
                        <div style="text-align: justify; line-height: 1.25; font-family: 'Times New Roman',Times,serif;">Amendment to the Law which was entered into effect on December 12, 2012.</div>
                      </td>
                    </tr>
                    <tr>
                      <td style="width: 50%; vertical-align: top;" rowspan="1">&#160;</td>
                      <td style="width: 50%; vertical-align: top;" rowspan="1">&#160;</td>
                    </tr>
                    <tr>
                      <td style="width: 50%; vertical-align: top;">
                        <div style="text-align: justify; margin-right: 56.7pt; line-height: 1.25; font-family: 'Times New Roman',Times,serif; font-weight: bold;">Compensation Committee</div>
                      </td>
                      <td style="width: 50%; vertical-align: top;">
                        <div style="text-align: justify; line-height: 1.25; font-family: 'Times New Roman',Times,serif;">A committee appointed in accordance with section 118A of the Law.</div>
                      </td>
                    </tr>
                    <tr>
                      <td style="width: 50%; vertical-align: top;" rowspan="1">&#160;</td>
                      <td style="width: 50%; vertical-align: top;" rowspan="1">&#160;</td>
                    </tr>
                    <tr>
                      <td style="width: 50%; vertical-align: top;">
                        <div style="text-align: justify; margin-right: 56.7pt; line-height: 1.25; font-family: 'Times New Roman',Times,serif; font-weight: bold;">Office Holder</div>
                      </td>
                      <td style="width: 50%; vertical-align: top;">
                        <div style="text-align: justify; line-height: 1.25; font-family: 'Times New Roman',Times,serif;">Director, CEO, any person filling any of these positions in a company, even if he holds a different title, and any other excutive&#160;
                          subordinate to the CEO, all as defined in section 1 of the Law.</div>
                      </td>
                    </tr>
                    <tr>
                      <td style="width: 50%; vertical-align: top;" rowspan="1">&#160;</td>
                      <td style="width: 50%; vertical-align: top;" rowspan="1">&#160;</td>
                    </tr>
                    <tr>
                      <td style="width: 50%; vertical-align: top;">
                        <div style="text-align: justify; margin-right: 56.7pt; line-height: 1.25; font-family: 'Times New Roman',Times,serif; font-weight: bold;">Executive</div>
                      </td>
                      <td style="width: 50%; vertical-align: top;">
                        <div style="text-align: justify; line-height: 1.25; font-family: 'Times New Roman',Times,serif;">Office Holder, excluding a director.</div>
                      </td>
                    </tr>
                    <tr>
                      <td style="width: 50%; vertical-align: top;" rowspan="1">&#160;</td>
                      <td style="width: 50%; vertical-align: top;" rowspan="1">&#160;</td>
                    </tr>
                    <tr>
                      <td style="width: 50%; vertical-align: top;">
                        <div style="text-align: justify; margin-right: 56.7pt; line-height: 1.25; font-family: 'Times New Roman',Times,serif; font-weight: bold;">Terms of Office and Employment</div>
                      </td>
                      <td style="width: 50%; vertical-align: top;">
                        <div style="text-align: justify; line-height: 1.25; font-family: 'Times New Roman',Times,serif;">Terms of office or employment of an Executive or a Director, including the grant of an exemption, an undertaking to indemnify,
                          indemnification or insurance, separation package, and any other benefit, payment or undertaking to provide such payment, granted in light of such office or employment, all as defined in section 1 of the Law.</div>
                      </td>
                    </tr>
                    <tr>
                      <td style="width: 50%; vertical-align: top;" rowspan="1">&#160;</td>
                      <td style="width: 50%; vertical-align: top;" rowspan="1">&#160;</td>
                    </tr>
                    <tr>
                      <td style="width: 50%; vertical-align: top;">
                        <div style="text-align: justify; margin-right: 56.7pt; line-height: 1.25; font-family: 'Times New Roman',Times,serif; font-weight: bold;">Total Cash Compensation</div>
                      </td>
                      <td style="width: 50%; vertical-align: top;">
                        <div style="text-align: justify; line-height: 1.25; font-family: 'Times New Roman',Times,serif;">The total annual cash compensation of an Executive, which shall include the total amount of: (i) the annual base salary; and (ii) the
                          On Target Cash Plan.</div>
                      </td>
                    </tr>
                    <tr>
                      <td style="width: 50%; vertical-align: top;" rowspan="1">&#160;</td>
                      <td style="width: 50%; vertical-align: top;" rowspan="1">&#160;</td>
                    </tr>
                    <tr>
                      <td style="width: 50%; vertical-align: top;">
                        <div style="text-align: justify; margin-right: 56.7pt; line-height: 1.25; font-family: 'Times New Roman',Times,serif; font-weight: bold;">Equity Value</div>
                      </td>
                      <td style="width: 50%; vertical-align: top;">
                        <div style="text-align: justify; line-height: 1.25; font-family: 'Times New Roman',Times,serif;">The annual total equity value &#160;will be calculated on a linear basis, based on the equity value (valued using the same methodology used
                          in the financial statements of the Company on the date of approval of the Equity Based Components by the Company's Board of Directors) divided by the number of vesting years.</div>
                      </td>
                    </tr>
                    <tr>
                      <td style="width: 50%; vertical-align: top;" rowspan="1">&#160;</td>
                      <td style="width: 50%; vertical-align: top;" rowspan="1">&#160;</td>
                    </tr>
                    <tr>
                      <td style="width: 50%; vertical-align: top;">
                        <div style="text-align: justify; margin-right: 56.7pt; line-height: 1.25; font-family: 'Times New Roman',Times,serif; font-weight: bold;">Total Compesation</div>
                      </td>
                      <td style="width: 50%; vertical-align: top;">
                        <div style="text-align: justify; line-height: 1.25; font-family: 'Times New Roman',Times,serif;">The Total Cash Compensation and the annual Equity Value.</div>
                      </td>
                    </tr>

                </table>
                <div style="line-height: 1.25;">&#160;</div>
                <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" id="DSPFPageBreakArea">
                  <div style="text-align: center;" id="DSPFPageNumberArea"><font style="font-family: 'Times New Roman',Times,serif; font-weight: normal; font-style: normal;" id="DSPFPageNumber">B - 2</font></div>
                  <div style="page-break-after: always;" id="DSPFPageBreak">
                    <hr noshade="noshade" style="border-width: 0px; clear: both; margin: 4px 0px; width: 100%; height: 2px; color: #000000; background-color: #000000;"></div>
                </div>
                <table cellspacing="0" cellpadding="0" id="z46c8b6ae919a45b7ac95399bc5ee48bb" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

                    <tr>
                      <td style="width: 14.2pt; vertical-align: top; font-family: 'Times New Roman',Times,serif;">2.</td>
                      <td style="width: auto; vertical-align: top; text-align: justify;">
                        <div style="font-family: 'Times New Roman',Times,serif; font-weight: bold;"><u>General</u></div>
                      </td>
                    </tr>

                </table>
                <div style="line-height: 1.25;">&#160;</div>
                <table cellspacing="0" cellpadding="0" id="z4dc4ec33e4d54834840eea7e9a28b4af" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

                    <tr>
                      <td style="width: 18pt;"><br>
                      </td>
                      <td style="width: 33.05pt; vertical-align: top; font-family: 'Times New Roman',Times,serif;">2.1.</td>
                      <td style="width: auto; vertical-align: top; text-align: justify;">
                        <div style="font-family: 'Times New Roman',Times,serif;">This compensation policy (<font style="font-weight: bold;">"the Policy"</font>), was formulated during an internal process conducted at the Company in compliance with the
                          provision of Amendment 20, and is based on the Company's will to properly balance between its will to reward Office Holders for their achievements and the need to ensure that the Total Compensation is in line with the Company's
                          benefit and overall strategy over time.</div>
                      </td>
                    </tr>

                </table>
                <div style="line-height: 1.25;">&#160;</div>
                <table cellspacing="0" cellpadding="0" id="zd866f73e82b7465ab9e9c108723cb6ab" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

                    <tr>
                      <td style="width: 18pt;"><br>
                      </td>
                      <td style="width: 33.05pt; vertical-align: top; font-family: 'Times New Roman',Times,serif;">2.2.</td>
                      <td style="width: auto; vertical-align: top; text-align: justify;">
                        <div style="font-family: 'Times New Roman',Times,serif;">The purpose of the Policy is to set guidelines for the compensation manner of the Company's Officer Holders. The Company's management and its Board of Directors deem all of
                          the Office Holders of the Company as partners in the Company's success and consequently, derived a comprehensive view with respect to the Company's Office Holders' Compensation. This document presents the indices that derived from
                          the principles of the formulated Policy, as specified hereunder.</div>
                      </td>
                    </tr>

                </table>
                <div style="line-height: 1.25;">&#160;</div>
                <table cellspacing="0" cellpadding="0" id="z2a8cf89c3ed64951b9d2eba6ed9e28de" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

                    <tr>
                      <td style="width: 18pt;"><br>
                      </td>
                      <td style="width: 33.05pt; vertical-align: top; font-family: 'Times New Roman',Times,serif;">2.3.</td>
                      <td style="width: auto; vertical-align: top; text-align: justify;">
                        <div style="font-family: 'Times New Roman',Times,serif;">It is hereby clarified that no statement in this document is intended to vest any right to the Office Holders to whom the principles of the Policy apply, or to any other third
                          party, and not necessarily will use be made of all of the components and ranges presented in this Policy.</div>
                      </td>
                    </tr>

                </table>
                <div style="line-height: 1.25;">&#160;</div>
                <table cellspacing="0" cellpadding="0" id="ze345e909a9284526a322655ad0e5a1b2" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

                    <tr>
                      <td style="width: 18pt;"><br>
                      </td>
                      <td style="width: 33.05pt; vertical-align: top; font-family: 'Times New Roman',Times,serif;">2.4.</td>
                      <td style="width: auto; vertical-align: top; text-align: justify;">
                        <div style="font-family: 'Times New Roman',Times,serif;">The indices presented in the Policy are intended to prescribe an adequately broad framework that shall enable the Compensation Committee and Board of Directors of the Company
                          to formulate a personal Compensation Plan for each office Holder or a particular compensation component according to individual circumstances (including unique circumstances) and according to the Company's needs, in a manner that
                          is congruent with the Company's benefit and the Company's overall strategy over time.</div>
                      </td>
                    </tr>

                </table>
                <div style="line-height: 1.25;">&#160; <br>
                </div>
                <table cellspacing="0" cellpadding="0" id="zfb945b5b3e0b4f978b9f85199608369e" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

                    <tr>
                      <td style="width: 18pt;"><br>
                      </td>
                      <td style="width: 33.05pt; vertical-align: top; font-family: 'Times New Roman',Times,serif;">2.5.</td>
                      <td style="width: auto; vertical-align: top; text-align: justify;">
                        <div style="font-family: 'Times New Roman',Times,serif;">The Policy is intended to align between the importance of incentivizing Executives to reach personal targets and the need to assure that the overall compensation meets our
                          Company's long term strategic performance and financial objectives. The policy provides our Compensation Committee and our Board of Directors with adequate measures and flexibility, to tailor each of our Executive's compensation
                          package based, among others, on geography, tasks, role, seniority, and capability.</div>
                      </td>
                    </tr>

                </table>
                <div style="line-height: 1.25;">&#160;</div>
                <table cellspacing="0" cellpadding="0" id="zdba56f5ef0cf4d9ab8ee8ddc0f467cf0" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

                    <tr>
                      <td style="width: 18pt;"><br>
                      </td>
                      <td style="width: 33.05pt; vertical-align: top; font-family: 'Times New Roman',Times,serif;">2.6.</td>
                      <td style="width: auto; vertical-align: top; text-align: justify;">
                        <div style="font-family: 'Times New Roman',Times,serif;">The Policy shall provide the Board of Directors with guidelines for exercising discretion under the Company&#8217;s equity plans.</div>
                      </td>
                    </tr>

                </table>
                <div style="line-height: 1.25;">&#160;</div>
                <table cellspacing="0" cellpadding="0" id="z7ee499d2911d473a8e7a0259da8ae65d" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

                    <tr>
                      <td style="width: 18pt;"><br>
                      </td>
                      <td style="width: 33.05pt; vertical-align: top; font-family: 'Times New Roman',Times,serif;">2.7.</td>
                      <td style="width: auto; vertical-align: top; text-align: justify;">
                        <div style="font-family: 'Times New Roman',Times,serif;">For the avoidance of doubt, it is clarified that in case of any amendment made to provisions of the Law and any other relevant rules and regulations in a manner that will
                          facilitate the Company regarding its actions related to Officer compensation, the Company may be entitled to follow these provisions even if they contradict the principles of this Compensation Policy.</div>
                      </td>
                    </tr>

                </table>
                <div style="line-height: 1.25;">&#160;</div>
                <table cellspacing="0" cellpadding="0" id="z8a509fb1e357424aae009ce32b1ba338" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

                    <tr>
                      <td style="width: 18pt;"><br>
                      </td>
                      <td style="width: 33.05pt; vertical-align: top; font-family: 'Times New Roman',Times,serif;">2.8.</td>
                      <td style="width: auto; vertical-align: top; text-align: justify;">
                        <div style="font-family: 'Times New Roman',Times,serif;">This Compensation Policy does not derogate from any agreements or compensation terms approved prior to the approval of this Compensation Policy. It is hereby clarified that if
                          the Company shall acquire another company or new activity, then the compensation terms of mangers of such acquired company or activity that become, after the acquisition Office Holders in the Company, shall not change for a period
                          of six (6) months after the acquisition (even if their compensation terms exceed the limitations on compensation set forth in this Policy).&#160; During such six-month period, the Company will make reasonable efforts to revise their
                          compensation terms in accordance with applicable law. Notwithstanding the foregoing, if the compensation terms of such mangers exceed the limitations on compensation set forth in this Policy, and the Company cannot amend such
                          compensation after making reasonable efforts to do so, then the compensation of such managers of the acquired entity may not be amended in accordance with the terms of the Policy.</div>
                      </td>
                    </tr>

                </table>
                <div style="line-height: 1.25;">&#160;</div>
                <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" id="DSPFPageBreakArea">
                  <div style="text-align: center;" id="DSPFPageNumberArea"><font style="font-family: 'Times New Roman',Times,serif; font-weight: normal; font-style: normal;" id="DSPFPageNumber">B - 3</font></div>
                  <div style="page-break-after: always;" id="DSPFPageBreak">
                    <hr noshade="noshade" style="border-width: 0px; clear: both; margin: 4px 0px; width: 100%; height: 2px; color: #000000; background-color: #000000;"></div>
                </div>
                <table cellspacing="0" cellpadding="0" id="zf0c20a5fd10646ddb9e8f5ad6293902d" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

                    <tr>
                      <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;">
                        <div style="font-family: 'Times New Roman',Times,serif; font-weight: bold;"><u>Principles of the Policy</u></div>
                      </td>
                    </tr>

                </table>
                <div style="line-height: 1.25;">&#160;</div>
                <table cellspacing="0" cellpadding="0" id="z687befb2a5c043168a7e846b5235a9c8" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

                    <tr>
                      <td style="width: 18pt;"><br>
                      </td>
                      <td style="width: 33.05pt; vertical-align: top; font-family: 'Times New Roman',Times,serif;">3.1.</td>
                      <td style="width: auto; vertical-align: top; text-align: justify;">
                        <div style="font-family: 'Times New Roman',Times,serif;">The Policy shall guide the Company&#8217;s management, Compensation Committee and Board of Directors with regard to the Office Holders' compensation.</div>
                      </td>
                    </tr>

                </table>
                <div style="line-height: 1.25;">&#160;</div>
                <table cellspacing="0" cellpadding="0" id="z93d59a8bb3a5423490171a07d7dd49b8" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

                    <tr>
                      <td style="width: 18pt;"><br>
                      </td>
                      <td style="width: 33.05pt; vertical-align: top; font-family: 'Times New Roman',Times,serif;">3.2.</td>
                      <td style="width: auto; vertical-align: top; text-align: justify;">
                        <div style="font-family: 'Times New Roman',Times,serif;">The Policy shall be reviewed from time to time by the Compensation Committee and the Board of Directors, to ensure its compliance with applicable laws and regulations as well
                          as market practices, and its conformity with the Company&#8217;s targets and strategy. As part of this review, the Board of Directors will analyze the appropriateness of the Policy in advancing achievement of its goals, considering the
                          implementation of the Policy by the Company during previous years.</div>
                      </td>
                    </tr>

                </table>
                <div style="line-height: 1.25;">&#160; <br>
                </div>
                <table cellspacing="0" cellpadding="0" id="z02b5a1cc10164f67962b0d196cfb8c76" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

                    <tr>
                      <td style="width: 18pt;"><br>
                      </td>
                      <td style="width: 33.05pt; vertical-align: top; font-family: 'Times New Roman',Times,serif;">3.3.</td>
                      <td style="width: auto; vertical-align: top; text-align: justify;">
                        <div style="font-family: 'Times New Roman',Times,serif;">Any proposed amendment to the Policy shall be brought up to the approval of the Shareholders of the Company and the Policy as a whole shall be re-approved by the Shareholders
                          of the Company at least once every three years, or as otherwise required by Law. However, to the extent permitted by law, if the shareholders shall oppose approving the Policy, the Compensation Committee and Board of Directors
                          shall be able to approve the Policy, after having held another discussion of the Policy and after having determined, on the basis of detailed reasoning, that, notwithstanding the opposition of the shareholders, the adoption of the
                          Policy is for the benefit of the Company.</div>
                      </td>
                    </tr>

                </table>
                <div style="line-height: 1.25;">&#160;</div>
                <table cellspacing="0" cellpadding="0" id="z5e7685b26ae04355a5d8454ac99301dd" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

                    <tr>
                      <td style="width: 18pt;"><br>
                      </td>
                      <td style="width: 33.05pt; vertical-align: top; font-family: 'Times New Roman',Times,serif;">3.4.</td>
                      <td style="width: auto; vertical-align: top; text-align: justify;">
                        <div style="font-family: 'Times New Roman',Times,serif;">The compensation of each Office Holder shall be subject to mandatory or customary deductions and withholdings, in accordance with the applicable local laws.</div>
                      </td>
                    </tr>

                </table>
                <div style="line-height: 1.25;">&#160;</div>
                <table cellspacing="0" cellpadding="0" id="z9e6113bd20e64e90937b6ff7b04586f2" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

                    <tr>
                      <td style="width: 21.3pt; vertical-align: top; font-family: 'Times New Roman',Times,serif; font-weight: bold;">II.</td>
                      <td style="width: auto; vertical-align: top; text-align: justify;">
                        <div style="font-family: 'Times New Roman',Times,serif; font-weight: bold;"><u>Executive Compensation</u></div>
                      </td>
                    </tr>

                </table>
                <div style="line-height: 1.25;">&#160; <br>
                </div>
                <table cellspacing="0" cellpadding="0" id="z6f68bd9e79d74239a8bf85085638ab6a" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

                    <tr>
                      <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;">
                        <div style="font-family: 'Times New Roman',Times,serif;">When examining and approving Executives&#8217; Terms of Office and Employment, the Compensation Committee and Board members shall review the following factors and shall include them
                          in their considerations and reasoning:</div>
                      </td>
                    </tr>

                </table>
                <div style="line-height: 1.25;">&#160;</div>
                <table cellspacing="0" cellpadding="0" id="z28649242bee7414989329ddbfb191421" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

                    <tr>
                      <td style="width: 35.45pt;"><br>
                      </td>
                      <td style="width: 35.45pt; vertical-align: top; font-family: 'Times New Roman',Times,serif;">4.1.</td>
                      <td style="width: auto; vertical-align: top; text-align: justify;">
                        <div style="font-family: 'Times New Roman',Times,serif;">Executive&#8217;s education, skills, expertise, professional experience and specific achievements.</div>
                      </td>
                    </tr>

                </table>
                <div style="line-height: 1.25;">&#160;</div>
                <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" id="DSPFPageBreakArea">
                  <div style="text-align: center;" id="DSPFPageNumberArea"><font style="font-family: 'Times New Roman',Times,serif; font-weight: normal; font-style: normal;" id="DSPFPageNumber">B - 4</font></div>
                  <div style="page-break-after: always;" id="DSPFPageBreak">
                    <hr noshade="noshade" style="border-width: 0px; clear: both; margin: 4px 0px; width: 100%; height: 2px; color: #000000; background-color: #000000;"></div>
                </div>
                <table cellspacing="0" cellpadding="0" id="z1eeab41729cc44c1996841a4092078f1" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

                    <tr>
                      <td style="width: 35.45pt;"><br>
                      </td>
                      <td style="width: 35.45pt; vertical-align: top; font-family: 'Times New Roman',Times,serif;">4.2.</td>
                      <td style="width: auto; vertical-align: top; text-align: justify;">
                        <div style="font-family: 'Times New Roman',Times,serif;">Executive&#8217;s role and scope of responsibilities and in accordance with the location in which such Executive is placed.</div>
                      </td>
                    </tr>

                </table>
                <div style="line-height: 1.25;">&#160;</div>
                <table cellspacing="0" cellpadding="0" id="z075141180bd248eaa3c461597c9b28e6" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

                    <tr>
                      <td style="width: 35.45pt;"><br>
                      </td>
                      <td style="width: 35.45pt; vertical-align: top; font-family: 'Times New Roman',Times,serif;">4.3.</td>
                      <td style="width: auto; vertical-align: top; text-align: justify;">
                        <div style="font-family: 'Times New Roman',Times,serif;">Executive&#8217;s previous compensation.</div>
                      </td>
                    </tr>

                </table>
                <div style="line-height: 1.25;">&#160;</div>
                <table cellspacing="0" cellpadding="0" id="zc34681ae16024896a1fbfee49ca32ac3" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

                    <tr>
                      <td style="width: 35.45pt;"><br>
                      </td>
                      <td style="width: 35.45pt; vertical-align: top; font-family: 'Times New Roman',Times,serif;">4.4.</td>
                      <td style="width: auto; vertical-align: top; text-align: justify;">
                        <div style="font-family: 'Times New Roman',Times,serif;">The Company&#8217;s performance and general market conditions.</div>
                      </td>
                    </tr>

                </table>
                <div style="line-height: 1.25;">&#160;</div>
                <table cellspacing="0" cellpadding="0" id="za69e4a95892f4bf4a9e951ad86aedb67" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

                    <tr>
                      <td style="width: 35.45pt;"><br>
                      </td>
                      <td style="width: 35.45pt; vertical-align: top; font-family: 'Times New Roman',Times,serif;">4.5.</td>
                      <td style="width: auto; vertical-align: top; text-align: justify;">
                        <div style="font-family: 'Times New Roman',Times,serif;">The ratio between Executives' compensation, including all components of the Executives' Terms of Office and Employment, and the salary of the Company&#8217;s employees, in
                          particular with regard to the average and median ratios, and the effect of such ratio on work relations inside the Company, as defined by the Law.</div>
                      </td>
                    </tr>

                </table>
                <div style="line-height: 1.25;">&#160;</div>
                <div style="text-align: justify; margin-left: 70.9pt; line-height: 1.25; font-family: 'Times New Roman',Times,serif;">The annual Total Compensation (or annualized, for other than a full time position) of the Company's CEO, active Chairman<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">1</sup> and Executive in terms of full time position shall not exceed 15 times, 30 times and 15 times, respectively, the average annual salary and the median annual
                  salary of the Company's employees.</div>
                <div style="line-height: 1.25;">&#160;</div>
                <table cellspacing="0" cellpadding="0" id="zc53f3fbfeda44a3d83f3a338c4d650ae" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

                    <tr>
                      <td style="width: 35.45pt;"><br>
                      </td>
                      <td style="width: 35.45pt; vertical-align: top; font-family: 'Times New Roman',Times,serif;">4.6.</td>
                      <td style="width: auto; vertical-align: top; text-align: justify;">
                        <div style="font-family: 'Times New Roman',Times,serif;">Comparative information, as applicable, as to former Executives in the same position or similar positions, as to other positions with similar scopes of responsibilities inside
                          the Company, and as to Executives in peer companies. The peer group for the purpose detailed below shall include not less than 4 public companies listed on the Tel Aviv Stock Exchange (<font style="font-weight: bold;">"TASE"</font>)
                          similar in parameters such as total revenues, market cap, industry and number of employees. The comparative information, as applicable, shall address the base salary, target cash incentives and equity and will rely, as much as
                          possible, on reputable industry surveys.</div>
                      </td>
                    </tr>

                </table>
                <div style="line-height: 1.25;">&#160;</div>
                <div style="text-align: justify; margin-left: 70.9pt; line-height: 1.25; font-family: 'Times New Roman',Times,serif;">The Company may use such comparative information in the event a new Executive is offered a Total Compensation exceeding
                  25% of its predecessor in the Company.</div>
                <div style="line-height: 1.25;">&#160;</div>
                <div style="text-align: justify; margin-left: 70.9pt; line-height: 1.25; font-family: 'Times New Roman',Times,serif;">Notwithstanding the foregoing, a non-material change in the terms of employment of an Officer who is subordinate to the
                  Company's CEO shall not require the approval of the Compensation Committee and Board (if applicable), if it was approved by the Company's CEO and all the following conditions are met: (1) a non-material change in the terms of employment
                  of an Officer as stated in section 272(c) of the Law, within a limit of up to 10% per year, relative to the year before, of the Officer's terms, shall be approved by the Company's CEO and by any other organ as required by law; and (2) the
                  terms of employment conform to this&#160; Compensation Policy.</div>
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                    <tr>
                      <td style="width: 18pt; vertical-align: top; font-family: 'Times New Roman',Times,serif;">5.</td>
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                        <div style="font-family: 'Times New Roman',Times,serif;">The compensation of each Executive shall be composed of, some or all, of the following components:</div>
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                <div style="line-height: 1.25;">&#160;</div>
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                    <tr>
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                      <td style="width: 35.45pt; vertical-align: top; font-family: 'Times New Roman',Times,serif;">5.1.</td>
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                        <div style="font-family: 'Times New Roman',Times,serif;">Fixed components, which shall include, among others: base salary and benefits as may be customary under local customs.</div>
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                <div style="line-height: 1.25;">&#160;</div>
                <table cellspacing="0" cellpadding="0" id="zcc341beb7cc443df9363b258436f2bb8" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

                    <tr>
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                      </td>
                      <td style="width: 35.45pt; vertical-align: top; font-family: 'Times New Roman',Times,serif;">5.2.</td>
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                        <div style="font-family: 'Times New Roman',Times,serif;">Variable components, which may include: cash incentives and equity based compensation.</div>
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                <div style="line-height: 1.25;">&#160;</div>
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                    <tr>
                      <td style="width: 35.45pt;"><br>
                      </td>
                      <td style="width: 35.45pt; vertical-align: top; font-family: 'Times New Roman',Times,serif;">5.3.</td>
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                        <div style="font-family: 'Times New Roman',Times,serif;">Separation package;</div>
                      </td>
                    </tr>

                </table>
                <div style="line-height: 1.25;">&#160; <br>
                </div>
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                    <tr>
                      <td style="width: 35.45pt;"><br>
                      </td>
                      <td style="width: 35.45pt; vertical-align: top; font-family: 'Times New Roman',Times,serif;">5.4.</td>
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                        <div style="font-family: 'Times New Roman',Times,serif;">Directors &amp; Officers (D&amp;O) Insurance, indemnification and exemption; and</div>
                      </td>
                    </tr>

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                <div style="line-height: 1.25;">&#160;</div>
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                    <tr>
                      <td style="width: 35.45pt;"><br>
                      </td>
                      <td style="width: 35.45pt; vertical-align: top; font-family: 'Times New Roman',Times,serif;">5.5.</td>
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                        <div style="font-family: 'Times New Roman',Times,serif;">Other components, which may include: change in control, relocation benefits, special bonus, etc<font style="font-style: italic;">.</font></div>
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                <div style="line-height: 1.25;">&#160;</div>
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                    <tr>
                      <td style="width: 18pt;"><br>
                      </td>
                      <td style="width: 13.2pt; vertical-align: top; font-family: 'Times New Roman',Times,serif;">6.</td>
                      <td style="width: auto; vertical-align: top; text-align: justify;">
                        <div style="font-family: 'Times New Roman',Times,serif;">Our philosophy is that our Executives&#8217; compensation mix shall comprise of, some or all, of the following components: annual base salary, performance-based cash incentives and
                          long-term equity based compensation, all in accordance with the position and responsibilities of each Executive, and taking into account the purposes of each component, as presented in the following table:</div>
                      </td>
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                <div style="line-height: 1.25;">&#160;</div>
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                    <tr>
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                        <div style="line-height: 1.25;">
                          <div style="margin-right: 6.55pt; line-height: 1.25; font-family: 'Times New Roman',Times,serif; font-weight: bold;">Compensation Component</div>
                        </div>
                      </td>
                      <td style="width: 1%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
                        <div style="line-height: 1.25; font-family: 'Times New Roman',Times,serif;">&#160;</div>
                      </td>
                      <td style="width: 33.51%; vertical-align: bottom; background-color: rgb(255, 255, 255); border-bottom: 2px solid rgb(0, 0, 0);">
                        <div style="text-align: center; line-height: 1.25; font-family: 'Times New Roman',Times,serif; font-weight: bold;">Purpose</div>
                      </td>
                      <td style="width: 1%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
                        <div style="line-height: 1.25; font-family: 'Times New Roman',Times,serif;">&#160;</div>
                      </td>
                      <td style="width: 34.52%; vertical-align: bottom; background-color: rgb(255, 255, 255); border-bottom: 2px solid rgb(0, 0, 0);">
                        <div style="text-align: center; line-height: 1.25; font-family: 'Times New Roman',Times,serif; font-weight: bold;">Compensation Objective Achieved</div>
                      </td>
                    </tr>
                    <tr>
                      <td style="width: 29%; vertical-align: middle; background-color: rgb(255, 255, 255);">&#160;</td>
                      <td style="vertical-align: middle; background-color: rgb(255, 255, 255);" colspan="2">&#160;</td>
                      <td style="vertical-align: middle; background-color: rgb(255, 255, 255);" colspan="2">&#160;</td>
                    </tr>
                    <tr>
                      <td style="width: 29%; vertical-align: top; background-color: rgb(255, 255, 255);">
                        <div style="text-indent: -12pt; margin-left: 12pt; line-height: 1.25; font-family: 'Times New Roman',Times,serif;">Annual base salary</div>
                      </td>
                      <td style="width: 1%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
                        <div style="line-height: 1.25; font-family: 'Times New Roman',Times,serif;">&#160;</div>
                      </td>
                      <td style="width: 33.51%; vertical-align: top; background-color: rgb(255, 255, 255);">
                        <div style="line-height: 1.25; font-family: 'Times New Roman',Times,serif;">Provide annual cash income based on the level of responsibility, individual qualities, past performance inside the Company, past experience inside and
                          outside the Company.</div>
                      </td>
                      <td style="width: 1%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
                        <div style="line-height: 1.25; font-family: 'Times New Roman',Times,serif;">&#160;</div>
                      </td>
                      <td style="width: 34.52%; vertical-align: top; background-color: rgb(255, 255, 255);">
                        <div style="line-height: 1.25; font-family: 'Times New Roman',Times,serif; text-indent: -9pt; margin-left: 18pt;">&#8226;&#160;Individual role, scope and capability based compensation&#160;&#160;</div>
                        <div style="line-height: 1.25; font-family: 'Times New Roman',Times,serif; text-indent: -9pt; margin-left: 18pt;">&#8226; Market competitiveness in attracting Executives.</div>
                      </td>
                    </tr>
                    <tr>
                      <td style="width: 29%; vertical-align: middle; background-color: rgb(255, 255, 255);">&#160;</td>
                      <td style="vertical-align: middle; background-color: rgb(255, 255, 255);" colspan="2">&#160;</td>
                      <td style="vertical-align: middle; background-color: rgb(255, 255, 255);" colspan="2">&#160;</td>
                    </tr>
                    <tr>
                      <td style="width: 29%; vertical-align: top; background-color: rgb(255, 255, 255);">
                        <div style="text-indent: -12pt; margin-left: 12pt; line-height: 1.25; font-family: 'Times New Roman',Times,serif;">Performance-based cash incentive compensation</div>
                      </td>
                      <td style="width: 1%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
                        <div style="line-height: 1.25; font-family: 'Times New Roman',Times,serif;">&#160;</div>
                      </td>
                      <td style="width: 33.51%; vertical-align: top; background-color: rgb(255, 255, 255);">
                        <div style="line-height: 1.25; font-family: 'Times New Roman',Times,serif;">Motivate and incentivize individual towards reaching Company, department and&#160;&#160; individual's periodical and long-term goals and targets.</div>
                      </td>
                      <td style="width: 1%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
                        <div style="line-height: 1.25; font-family: 'Times New Roman',Times,serif;">&#160;</div>
                      </td>
                      <td style="width: 34.52%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
                        <div style="line-height: 1.25; font-family: 'Times New Roman',Times,serif; text-indent: -9pt; margin-left: 18pt;">&#8226;&#160; Reward periodical accomplishments</div>
                        <div style="line-height: 1.25; font-family: 'Times New Roman',Times,serif; text-indent: -9pt; margin-left: 18pt;">&#8226;&#160; Align Executive&#8217; objectives with Company, department and individual's objectives</div>
                        <div style="line-height: 1.25; font-family: 'Times New Roman',Times,serif; text-indent: -9pt; margin-left: 18pt;">&#8226;&#160; Market competitiveness in attracting Executives</div>
                      </td>
                    </tr>
                    <tr>
                      <td style="width: 29%; vertical-align: middle; background-color: rgb(255, 255, 255);">&#160;</td>
                      <td style="vertical-align: middle; background-color: rgb(255, 255, 255);" colspan="2">&#160;</td>
                      <td style="vertical-align: middle; background-color: rgb(255, 255, 255);" colspan="2">&#160;</td>
                    </tr>
                    <tr>
                      <td style="width: 29%; vertical-align: top; background-color: rgb(255, 255, 255);">
                        <div style="text-indent: -12pt; margin-left: 12pt; line-height: 1.25; font-family: 'Times New Roman',Times,serif;">Long-term equity-based Compensation</div>
                      </td>
                      <td style="width: 1%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
                        <div style="line-height: 1.25; font-family: 'Times New Roman',Times,serif;">&#160;</div>
                      </td>
                      <td style="width: 33.51%; vertical-align: top; background-color: rgb(255, 255, 255);">
                        <div style="line-height: 1.25; font-family: 'Times New Roman',Times,serif;">Align the interests of the individual with the Shareholders of the Company, by creating a correlation between the Company&#8217;s success and the value of the
                          individual holdings</div>
                      </td>
                      <td style="width: 1%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
                        <div style="line-height: 1.25; font-family: 'Times New Roman',Times,serif;">&#160;</div>
                      </td>
                      <td style="width: 34.52%; vertical-align: top; background-color: rgb(255, 255, 255);">
                        <div style="line-height: 1.25; font-family: 'Times New Roman',Times,serif; text-indent: -9pt; margin-left: 18pt;">&#8226;&#160; Company performance based compensation</div>
                        <div style="line-height: 1.25; font-family: 'Times New Roman',Times,serif; text-indent: -9pt; margin-left: 18pt;">&#8226;&#160; Reward long-term objectives</div>
                        <div style="line-height: 1.25; font-family: 'Times New Roman',Times,serif; text-indent: -9pt; margin-left: 18pt;">&#8226;&#160; Align individual's objectives with shareholders&#8217; objectives</div>
                      </td>
                    </tr>

                </table>
                <div style="line-height: 1.25;">&#160;</div>
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                    <tr>
                      <td style="width: 18pt;"><br>
                      </td>
                      <td style="width: 13.2pt; vertical-align: top; font-family: 'Times New Roman',Times,serif;">7.</td>
                      <td style="width: auto; vertical-align: top; text-align: justify;">
                        <div style="font-family: 'Times New Roman',Times,serif;">The compensation package shall be reviewed with each Executive at least once a year, or as may be required from time to time.</div>
                      </td>
                    </tr>

                </table>
                <div style="line-height: 1.25;">&#160;</div>
                <table cellspacing="0" cellpadding="0" id="zfabf0d8ff21a4e60b6055cccf8e0d3c2" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

                    <tr>
                      <td style="width: 18pt;"><br>
                      </td>
                      <td style="width: 13.2pt; vertical-align: top; font-family: 'Times New Roman',Times,serif;">8.</td>
                      <td style="width: auto; vertical-align: top; text-align: justify;">
                        <div style="font-family: 'Times New Roman',Times,serif; font-weight: bold;"><u>Fixed compensation</u></div>
                      </td>
                    </tr>

                </table>
                <div style="line-height: 1.25;">&#160;</div>
                <div style="text-align: justify; text-indent: 31.2pt; line-height: 1.25; font-family: 'Times New Roman',Times,serif; font-weight: bold;"><u>Base Salary:</u></div>
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                    <tr>
                      <td style="width: 35.45pt;"><br>
                      </td>
                      <td style="width: 35.45pt; vertical-align: top; font-family: 'Times New Roman',Times,serif;">8.1.</td>
                      <td style="width: auto; vertical-align: top; text-align: justify;">
                        <div style="font-family: 'Times New Roman',Times,serif;">The base salary shall be determined in accordance with the criterias and considerations as detailed in Section 4 above and shall be approved by the Compensation Committee.</div>
                      </td>
                    </tr>

                </table>
                <div style="line-height: 1.25;">&#160;</div>
                <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" id="DSPFPageBreakArea">
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                    <tr>
                      <td style="width: 35.45pt;"><br>
                      </td>
                      <td style="width: 35.45pt; vertical-align: top; font-family: 'Times New Roman',Times,serif;">8.2.</td>
                      <td style="width: auto; vertical-align: top; text-align: justify;">
                        <div style="font-family: 'Times New Roman',Times,serif;">The base salary shall not be automatically linked.</div>
                      </td>
                    </tr>

                </table>
                <div style="line-height: 1.25;">&#160;</div>
                <table cellspacing="0" cellpadding="0" id="z5f7fdae2b84244d59e2e72ca4509aa0e" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

                    <tr>
                      <td style="width: 35.45pt;"><br>
                      </td>
                      <td style="width: 35.45pt; vertical-align: top; font-family: 'Times New Roman',Times,serif;">8.3.</td>
                      <td style="width: auto; vertical-align: top; text-align: justify;">
                        <div style="font-family: 'Times New Roman',Times,serif;">The maximum monthly base salary for an Office Holder shall be as follows:</div>
                      </td>
                    </tr>

                </table>
                <div style="line-height: 1.25;">&#160;</div>
                <table cellspacing="0" cellpadding="0" border="0" id="za3c52495f26d489fb9d4819586f2f11a" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

                    <tr>
                      <td style="width: 20%; vertical-align: top;" colspan="1">&#160;</td>
                      <td style="width: 20%; vertical-align: top;">
                        <div style="text-align: justify; line-height: 1.25; font-family: 'Times New Roman',Times,serif; font-weight: bold;">Executive Level</div>
                      </td>
                      <td style="width: 60%; vertical-align: top;">
                        <div style="text-align: justify; line-height: 1.25; font-family: 'Times New Roman',Times,serif; font-weight: bold;">Maximum</div>
                      </td>
                    </tr>
                    <tr>
                      <td style="width: 20%; vertical-align: top;" colspan="1" rowspan="1">&#160;</td>
                      <td style="width: 20%; vertical-align: top;" rowspan="1">&#160;</td>
                      <td style="width: 60%; vertical-align: top;" rowspan="1">&#160;</td>
                    </tr>
                    <tr>
                      <td style="width: 20%; vertical-align: top;" colspan="1">&#160;</td>
                      <td style="width: 20%; vertical-align: top;">
                        <div style="text-align: justify; line-height: 1.25; font-family: 'Times New Roman',Times,serif;">Active Chairman</div>
                      </td>
                      <td style="width: 60%; vertical-align: top;">
                        <div style="text-align: justify; line-height: 1.25; font-family: 'Times New Roman',Times,serif;">NIS 75K (for 35% of a full time position and a proportion of this amount to a different percentage of services).</div>
                      </td>
                    </tr>
                    <tr>
                      <td style="width: 20%; vertical-align: top;" colspan="1" rowspan="1">&#160;</td>
                      <td style="width: 20%; vertical-align: top;" rowspan="1">&#160;</td>
                      <td style="width: 60%; vertical-align: top;" rowspan="1">&#160;</td>
                    </tr>
                    <tr>
                      <td style="width: 20%; vertical-align: top;" colspan="1">&#160;</td>
                      <td style="width: 20%; vertical-align: top;">
                        <div style="text-align: justify; line-height: 1.25; font-family: 'Times New Roman',Times,serif;">CEO</div>
                      </td>
                      <td style="width: 60%; vertical-align: top;">
                        <div style="text-align: justify; line-height: 1.25; font-family: 'Times New Roman',Times,serif;">NIS 120K (for a full time position)</div>
                      </td>
                    </tr>
                    <tr>
                      <td style="width: 20%; vertical-align: top;" colspan="1" rowspan="1">&#160;</td>
                      <td style="width: 20%; vertical-align: top;" rowspan="1">&#160;</td>
                      <td style="width: 60%; vertical-align: top;" rowspan="1">&#160;</td>
                    </tr>
                    <tr>
                      <td style="width: 20%; vertical-align: top;" colspan="1">&#160;</td>
                      <td style="width: 20%; vertical-align: top;">
                        <div style="text-align: justify; line-height: 1.25; font-family: 'Times New Roman',Times,serif;">Other Executives</div>
                      </td>
                      <td style="width: 60%; vertical-align: top;">
                        <div style="text-align: justify; line-height: 1.25; font-family: 'Times New Roman',Times,serif;">NIS 60K (for a full time position); and with respect to a Chief Executive Officer and or Presidents of a subsidiary of the Company -
                          US$ 25K (for a full time position).</div>
                      </td>
                    </tr>

                </table>
                <div style="line-height: 1.25;">&#160;</div>
                <div style="margin: 0px 0px 0px 72pt; line-height: 1.25; text-align: justify;">The above maximum base salary shall be examined annualy.</div>
                <div style="line-height: 1.25;">&#160;</div>
                <div style="text-align: justify; margin-left: 72pt; line-height: 1.25; font-family: 'Times New Roman',Times,serif;">Any deviation from the detailed above with regard to the CEO and/or Active Chairman, shall be brought for the approval of
                  the Compensation Committee, the Board of Directors and the General Meeting of the Company prior to entering into a binding agreement (unless specified otherwise in the Law).</div>
                <div style="line-height: 1.25;">&#160;</div>
                <div style="text-align: justify; margin-left: 70.9pt; line-height: 1.25; font-family: 'Times New Roman',Times,serif;">A deviation exceeding 15% of the detailed above with regard to an Executive (excluding CEO and Active Chairman) shall be
                  brought for the approval of the Compensation Committee and the Board of Directors prior to entering into a binding agreement.</div>
                <div style="line-height: 1.25;">&#160;</div>
                <div style="text-align: justify; margin-left: 70.9pt; line-height: 1.25; font-family: 'Times New Roman',Times,serif;">Without derogating from the above, a maximum annual raise of up to 5% with regard to an Executive's base salary in a
                  particular year, excluding variable compensation, shall not be deemed a material change of his/her terms of employement, and therefore, shall require the approval of the Compensation Committee only.</div>
                <div style="line-height: 1.25;">&#160;</div>
                <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" id="DSPFPageBreakArea">
                  <div style="text-align: center;" id="DSPFPageNumberArea"><font style="font-family: 'Times New Roman',Times,serif; font-weight: normal; font-style: normal;" id="DSPFPageNumber">B - 8</font></div>
                  <div style="page-break-after: always;" id="DSPFPageBreak">
                    <hr noshade="noshade" style="border-width: 0px; clear: both; margin: 4px 0px; width: 100%; height: 2px; color: #000000; background-color: #000000;"></div>
                </div>
                <table cellspacing="0" cellpadding="0" id="zef7d44cae8c148df9ba3586f5eec7f2b" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

                    <tr>
                      <td style="width: 35.45pt;"><br>
                      </td>
                      <td style="width: 35.45pt; vertical-align: top; font-family: 'Times New Roman',Times,serif;">8.4.</td>
                      <td style="width: auto; vertical-align: top; text-align: justify;">
                        <div style="font-family: 'Times New Roman',Times,serif;">In the event an Office Holder provides services to the Company as an independent contractor or via a management company controlled by said Office Holder, and get paid through
                          the issuance of an invoice, then the provisions of the Policy shall apply to him/her <font style="font-style: italic;">mutatis mutandis</font> and for all purposes in this policy, the base salary for such an Office Holder shall
                          be extracted from actual payment based on normal rate of employment cost. In order to ensure allignment of all components of the Total Compensation, the appropriate ratio between the Fixed compensation of Office Holders' and their
                          Variable Compensation, in terms of full time position for a given year, are as detailed below:</div>
                      </td>
                    </tr>

                </table>
                <div style="line-height: 1.25;">&#160;</div>
                <table cellspacing="0" cellpadding="3" border="0" align="center" id="zee9bba3f1e174bafb2797263a0b2ea67" style="width: 70%; color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; text-align: left;">

                    <tr>
                      <td style="width: 22.78%; vertical-align: top; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0);" rowspan="2">
                        <div style="text-align: justify; line-height: 1.25; font-family: 'Times New Roman',Times,serif; font-weight: bold;">Executive Level</div>
                      </td>
                      <td style="width: 77.22%; 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);" colspan="2">
                        <div style="text-align: center; line-height: 1.25; font-family: 'Times New Roman',Times,serif; font-weight: bold;">Variable Compensation</div>
                      </td>
                    </tr>
                    <tr>
                      <td style="width: 36.86%; vertical-align: top; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0);">
                        <div style="text-align: justify; line-height: 1.25; font-family: 'Times New Roman',Times,serif; font-weight: bold;">Cash incenstive compensation</div>
                      </td>
                      <td style="width: 40.36%; 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: justify; line-height: 1.25; font-family: 'Times New Roman',Times,serif; font-weight: bold;">Long term equity based compensation</div>
                      </td>
                    </tr>
                    <tr>
                      <td style="width: 22.78%; vertical-align: top; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0);">
                        <div style="text-align: justify; line-height: 1.25; font-family: 'Times New Roman',Times,serif;">Active Chairman</div>
                      </td>
                      <td style="width: 36.86%; 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; font-family: 'Times New Roman',Times,serif;">Up to 9 monthly base salaries or the equivalent thereof</div>
                      </td>
                      <td style="width: 40.36%; 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; font-family: 'Times New Roman',Times,serif;">Up to 9 monthly base salaries or the equivalent thereof</div>
                      </td>
                    </tr>
                    <tr>
                      <td style="width: 22.78%; vertical-align: top; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0);">
                        <div style="text-align: justify; line-height: 1.25; font-family: 'Times New Roman',Times,serif;">CEO</div>
                      </td>
                      <td style="width: 36.86%; 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; font-family: 'Times New Roman',Times,serif;">Up to 9 monthly base salaries or the equivalent thereof</div>
                      </td>
                      <td style="width: 40.36%; 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; font-family: 'Times New Roman',Times,serif;">Up to 9 monthly base salaries or the equivalent thereof</div>
                      </td>
                    </tr>
                    <tr>
                      <td style="width: 22.78%; vertical-align: top; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0);">
                        <div style="text-align: justify; line-height: 1.25; font-family: 'Times New Roman',Times,serif;">Directors</div>
                      </td>
                      <td style="width: 36.86%; 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; font-family: 'Times New Roman',Times,serif;">NONE</div>
                      </td>
                      <td style="width: 40.36%; 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; font-family: 'Times New Roman',Times,serif;">0-10%</div>
                      </td>
                    </tr>
                    <tr>
                      <td style="width: 22.78%; 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: justify; line-height: 1.25; font-family: 'Times New Roman',Times,serif;">Other Executives</div>
                      </td>
                      <td style="width: 36.86%; 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="line-height: 1.25; font-family: 'Times New Roman',Times,serif;">Up to 7 monthly base salaries or the equivalent thereof</div>
                      </td>
                      <td style="width: 40.36%; vertical-align: top; border-width: 2px; border-style: solid; border-color: rgb(0, 0, 0);">
                        <div style="line-height: 1.25; font-family: 'Times New Roman',Times,serif;">Up to 7 monthly base salaries or the equivalent thereof</div>
                      </td>
                    </tr>

                </table>
                <div style="line-height: 1.25;">&#160;</div>
                <div style="text-align: justify; margin-left: 70.9pt; line-height: 1.25; font-family: 'Times New Roman',Times,serif;">The actual Variable Compensation ratios shall not exceed from the ratios in the above table (which represent the desired
                  optimal combination of compensation as the actual ratio may vary according to the performance of the Company in a given year.</div>
                <div style="line-height: 1.25;">&#160;</div>
                <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" id="DSPFPageBreakArea">
                  <div style="text-align: center;" id="DSPFPageNumberArea"><font style="font-family: 'Times New Roman',Times,serif; font-weight: normal; font-style: normal;" id="DSPFPageNumber">B - 9</font></div>
                  <div style="page-break-after: always;" id="DSPFPageBreak">
                    <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; margin-left: 35.45pt; line-height: 1.25; font-family: 'Times New Roman',Times,serif; font-weight: bold;"><u>Benefits:</u></div>
                <div style="line-height: 1.25;">&#160;</div>
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                    <tr>
                      <td style="width: 35.45pt;"><br>
                      </td>
                      <td style="width: 35.45pt; vertical-align: top; font-family: 'Times New Roman',Times,serif;">8.5.</td>
                      <td style="width: auto; vertical-align: top; text-align: justify;">
                        <div style="font-family: 'Times New Roman',Times,serif;">Benefits granted to Executives shall include any mandatory benefit under applicable law, as well as, part or all, of the following components:</div>
                      </td>
                    </tr>

                </table>
                <div style="line-height: 1.25;">&#160;</div>
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                    <tr>
                      <td style="width: 63pt;"><br>
                      </td>
                      <td style="width: 33.4pt; vertical-align: top; font-family: 'Times New Roman',Times,serif;">8.5.1.</td>
                      <td style="width: auto; vertical-align: top; text-align: justify;">
                        <div style="font-family: 'Times New Roman',Times,serif;">Pension plan/ Executive insurance as customary.</div>
                      </td>
                    </tr>

                </table>
                <div style="line-height: 1.25;">&#160;</div>
                <table cellspacing="0" cellpadding="0" id="z22a2ead48ba441e6bdf7d97136182bb1" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

                    <tr>
                      <td style="width: 63pt;"><br>
                      </td>
                      <td style="width: 33.4pt; vertical-align: top; font-family: 'Times New Roman',Times,serif;">8.5.2.</td>
                      <td style="width: auto; vertical-align: top; text-align: justify;">
                        <div style="font-family: 'Times New Roman',Times,serif;">Benefits which may be offered as part of the general employee benefits package (such as: pension fund, study fund) in accordance with the local practice of the Company.</div>
                      </td>
                    </tr>

                </table>
                <div style="line-height: 1.25;">&#160;</div>
                <table cellspacing="0" cellpadding="0" id="zcecff358d3b444b5a05aacdefb516b6a" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

                    <tr>
                      <td style="width: 63pt;"><br>
                      </td>
                      <td style="width: 33.4pt; vertical-align: top; font-family: 'Times New Roman',Times,serif;">8.5.3.</td>
                      <td style="width: auto; vertical-align: top; text-align: justify;">
                        <div style="font-family: 'Times New Roman',Times,serif;">An Executive will be entitled to sick days and other special vacation days (such as recreation days), as required under local standards and practices.</div>
                      </td>
                    </tr>

                </table>
                <div style="line-height: 1.25;">&#160;</div>
                <table cellspacing="0" cellpadding="0" id="z09f154b5760644eb8953ea8a6290baf5" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

                    <tr>
                      <td style="width: 63pt;"><br>
                      </td>
                      <td style="width: 33.4pt; vertical-align: top; font-family: 'Times New Roman',Times,serif;">8.5.4.</td>
                      <td style="width: auto; vertical-align: top; text-align: justify;">
                        <div style="font-family: 'Times New Roman',Times,serif;">An Executive will be entitled to vacation days, in correlation with the Executive&#8217;s seniority and position in the Company (generally up to 30 days annualy), and subject to the
                          minimum vacation days requirements per country of employment as well as&#160; the local national holidays.</div>
                      </td>
                    </tr>

                </table>
                <div style="line-height: 1.25;">&#160;</div>
                <table cellspacing="0" cellpadding="0" id="z24827108ad7242d28b16e7720990503f" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

                    <tr>
                      <td style="width: 63pt;"><br>
                      </td>
                      <td style="width: 33.4pt; vertical-align: top; font-family: 'Times New Roman',Times,serif;">8.5.5.</td>
                      <td style="width: auto; vertical-align: top; text-align: justify;">
                        <div style="font-family: 'Times New Roman',Times,serif;">Reasonable expenses, including vehicle, daily newspaper, cellphone and meals.</div>
                      </td>
                    </tr>

                </table>
                <div style="line-height: 1.25;">&#160;</div>
                <table cellspacing="0" cellpadding="0" id="z5d9af6ec8e2c4206b331e0e8d8ada7bf" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

                    <tr>
                      <td style="width: 18pt;"><br>
                      </td>
                      <td style="width: 13.2pt; vertical-align: top; font-family: 'Times New Roman',Times,serif;">9.</td>
                      <td style="width: auto; vertical-align: top; text-align: justify;">
                        <div style="font-family: 'Times New Roman',Times,serif; font-weight: bold;"><u>Variable Components</u></div>
                      </td>
                    </tr>

                </table>
                <div style="line-height: 1.25;">&#160;</div>
                <table cellspacing="0" cellpadding="0" id="zd05550c97e30465d878805e9f1d0f6c5" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

                    <tr>
                      <td style="width: 35.45pt;"><br>
                      </td>
                      <td style="width: 35.45pt; vertical-align: top; font-family: 'Times New Roman',Times,serif;">9.1.</td>
                      <td style="width: auto; vertical-align: top; text-align: justify;">
                        <div style="font-family: 'Times New Roman',Times,serif;">When determining the variable components as part of an Executive's compensation package, the contribution of the Executive to the achievement of the Company&#8217;s goals, revenues,
                          profitability and other key performance indicators ("<font style="font-weight: bold;">Target</font>s") shall be considered, taking into account Company and department&#8217;s long term perspective and the Executive&#8217;s position.</div>
                      </td>
                    </tr>

                </table>
                <div style="line-height: 1.25;">&#160;</div>
                <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" id="DSPFPageBreakArea">
                  <div style="text-align: center;" id="DSPFPageNumberArea"><font style="font-family: 'Times New Roman',Times,serif; font-weight: normal; font-style: normal;" id="DSPFPageNumber">B - 10</font></div>
                  <div style="page-break-after: always;" id="DSPFPageBreak">
                    <hr noshade="noshade" style="border-width: 0px; clear: both; margin: 4px 0px; width: 100%; height: 2px; color: #000000; background-color: #000000;"></div>
                </div>
                <table cellspacing="0" cellpadding="0" id="z3d4130d04c074e62822110800ab14ab9" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

                    <tr>
                      <td style="width: 35.45pt;"><br>
                      </td>
                      <td style="width: 35.45pt; vertical-align: top; font-family: 'Times New Roman',Times,serif;">9.2.</td>
                      <td style="width: auto; vertical-align: top; text-align: justify;">
                        <div style="font-family: 'Times New Roman',Times,serif;">Variable compensation components shall be comprised of (i) cash components which shall be mostly based on measurable criteria or non-measurable targets; and (ii) equity
                          components, all taking into consideration periodical and a long term perspective.</div>
                      </td>
                    </tr>

                </table>
                <div style="line-height: 1.25;">&#160;</div>
                <table cellspacing="0" cellpadding="0" id="z9e621a57fc834e538a55312ee144c7d7" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

                    <tr>
                      <td style="width: 35.45pt;"><br>
                      </td>
                      <td style="width: 35.45pt; vertical-align: top; font-family: 'Times New Roman',Times,serif;">9.3.</td>
                      <td style="width: auto; vertical-align: top; text-align: justify;">
                        <div style="font-family: 'Times New Roman',Times,serif;">The Board of Directors shall have the absolute discretion to reduce or cancel any cash incentive.</div>
                      </td>
                    </tr>

                </table>
                <div style="line-height: 1.25;">&#160;</div>
                <div style="text-align: justify; margin-left: 18pt; line-height: 1.25; font-family: 'Times New Roman',Times,serif; font-weight: bold;"><u>Cash Incentives</u></div>
                <div style="line-height: 1.25;">&#160;</div>
                <table cellspacing="0" cellpadding="0" id="z024ed76c03e84d4a9cbcc4eb3a8656cd" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

                    <tr>
                      <td style="width: 35.45pt;"><br>
                      </td>
                      <td style="width: 35.45pt; vertical-align: top; font-family: 'Times New Roman',Times,serif;">9.4.</td>
                      <td style="width: auto; vertical-align: top;">
                        <div style="font-family: 'Times New Roman',Times,serif; font-weight: bold;"><u>Variable Cash Incentive Plan</u></div>
                      </td>
                    </tr>

                </table>
                <div style="line-height: 1.25;">&#160;</div>
                <table cellspacing="0" cellpadding="0" id="z866dca256383448cb3721ac64e8a89b9" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

                    <tr>
                      <td style="width: 63pt;"><br>
                      </td>
                      <td style="width: 33.4pt; vertical-align: top; font-family: 'Times New Roman',Times,serif;">9.4.1.</td>
                      <td style="width: auto; vertical-align: top; text-align: justify;">
                        <div style="font-family: 'Times New Roman',Times,serif;">The Compensation Committee and Board of Directors may adopt, from time to time, a Cash Incentive Plan, which will set forth for each Executive targets which form such
                          Executive's on target Cash payment (which shall be referred to as the &#8220;<font style="font-weight: bold;">On Target Cash Plan</font>&#8221;) and the rules or formula for calculation of the On Target Cash Plan payment once actual
                          achievements are known.</div>
                      </td>
                    </tr>

                </table>
                <div style="line-height: 1.25;">&#160;</div>
                <table cellspacing="0" cellpadding="0" id="z5613918dd5b542f193df5b1808fb2a0b" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

                    <tr>
                      <td style="width: 63pt;"><br>
                      </td>
                      <td style="width: 33.4pt; vertical-align: top; font-family: 'Times New Roman',Times,serif;">9.4.2.</td>
                      <td style="width: auto; vertical-align: top; text-align: justify;">
                        <div style="font-family: 'Times New Roman',Times,serif;">The Compensation committee and Board of Directors may include, inter- alia, in the On Target Cash Plan predetermined thresholds and caps, to corelate an Executive&#8217;s On Target
                          Cash Plan payments with actual achievements<font style="font-style: italic;">.</font></div>
                      </td>
                    </tr>

                </table>
                <div style="line-height: 1.25;">&#160;</div>
                <table cellspacing="0" cellpadding="0" id="z0993478ab7f447ea8c4e9f04381d92c3" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

                    <tr>
                      <td style="width: 63pt;"><br>
                      </td>
                      <td style="width: 33.4pt; vertical-align: top; font-family: 'Times New Roman',Times,serif;">9.4.3.</td>
                      <td style="width: auto; vertical-align: top; text-align: justify;">
                        <div style="font-family: 'Times New Roman',Times,serif;">The annual On Target Cash Plan actual payment for the Active Chairman, the CEO and other Executives in a given year shall be capped as determined by our Board of Directors,
                          but in no event shall exceed the ratio set forth in the table in clause 8.4 above.</div>
                      </td>
                    </tr>

                </table>
                <div style="line-height: 1.25;">&#160;</div>
                <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" id="DSPFPageBreakArea">
                  <div style="text-align: center;" id="DSPFPageNumberArea"><font style="font-family: 'Times New Roman',Times,serif; font-weight: normal; font-style: normal;" id="DSPFPageNumber">B - 11</font></div>
                  <div style="page-break-after: always;" id="DSPFPageBreak">
                    <hr noshade="noshade" style="border-width: 0px; clear: both; margin: 4px 0px; width: 100%; height: 2px; color: #000000; background-color: #000000;"></div>
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                <table cellspacing="0" cellpadding="0" id="zd71b07785d9f497b9545584ef8be332d" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

                    <tr>
                      <td style="width: 63pt;"><br>
                      </td>
                      <td style="width: 33.4pt; vertical-align: top; font-family: 'Times New Roman',Times,serif;">9.4.4.</td>
                      <td style="width: auto; vertical-align: top; text-align: justify;">
                        <div style="font-family: 'Times New Roman',Times,serif;">The CEO, Active Chairman and other Executives' individual On Target Cash Plan may be composed based on the mix of&#160; (i) the Company Target (as defined below); (ii) Personal
                          Target; and (iii) Personal Evaluation. The weight to be assigned to each of the components per each of the executives shall be as set forth in the table below.</div>
                      </td>
                    </tr>

                </table>
                <div style="line-height: 1.25;">&#160;</div>
                <table cellspacing="0" cellpadding="0" border="0" align="center" id="zbdf6d977a0d94213b841ca54d8812a01" style="width: 70%; color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; text-align: left;">

                    <tr>
                      <td style="width: 28.93%; vertical-align: top;">&#160;</td>
                      <td style="width: 22.9%; vertical-align: top;">
                        <div style="text-align: justify; line-height: 1.25; font-family: 'Times New Roman',Times,serif; font-weight: bold;">Active Chairman</div>
                      </td>
                      <td style="width: 24.09%; vertical-align: top;">
                        <div style="text-align: justify; line-height: 1.25; font-family: 'Times New Roman',Times,serif; font-weight: bold;">CEO</div>
                      </td>
                      <td style="width: 24.09%; vertical-align: top;">
                        <div style="text-align: justify; line-height: 1.25; font-family: 'Times New Roman',Times,serif; font-weight: bold;">Other Executives</div>
                      </td>
                    </tr>
                    <tr>
                      <td style="width: 28.93%; vertical-align: top; background-color: rgb(204, 238, 255);">
                        <div style="line-height: 1.25; font-family: 'Times New Roman',Times,serif;">Company Target</div>
                      </td>
                      <td style="width: 22.9%; vertical-align: top; background-color: rgb(204, 238, 255);">
                        <div style="line-height: 1.25; font-family: 'Times New Roman',Times,serif;">100%</div>
                      </td>
                      <td style="width: 24.09%; vertical-align: top; background-color: rgb(204, 238, 255);">
                        <div style="line-height: 1.25; font-family: 'Times New Roman',Times,serif;">75% - 100%</div>
                      </td>
                      <td style="width: 24.09%; vertical-align: top; background-color: rgb(204, 238, 255);">
                        <div style="line-height: 1.25; font-family: 'Times New Roman',Times,serif;">50% - 100%</div>
                      </td>
                    </tr>
                    <tr>
                      <td style="width: 28.93%; vertical-align: top; background-color: rgb(255, 255, 255);">
                        <div style="line-height: 1.25; font-family: 'Times New Roman',Times,serif;">Personal Target</div>
                      </td>
                      <td style="width: 22.9%; vertical-align: top; background-color: rgb(255, 255, 255);">
                        <div style="line-height: 1.25; font-family: 'Times New Roman',Times,serif;">NONE</div>
                      </td>
                      <td style="width: 24.09%; vertical-align: top; background-color: rgb(255, 255, 255);">
                        <div style="line-height: 1.25; font-family: 'Times New Roman',Times,serif;">NONE</div>
                      </td>
                      <td style="width: 24.09%; vertical-align: top; background-color: rgb(255, 255, 255);">
                        <div style="line-height: 1.25; font-family: 'Times New Roman',Times,serif;">0% - 30%</div>
                      </td>
                    </tr>
                    <tr>
                      <td style="width: 28.93%; vertical-align: top; background-color: rgb(204, 238, 255);">
                        <div style="line-height: 1.25; font-family: 'Times New Roman',Times,serif;">Personal Evaluation</div>
                      </td>
                      <td style="width: 22.9%; vertical-align: top; background-color: rgb(204, 238, 255);">
                        <div style="line-height: 1.25; font-family: 'Times New Roman',Times,serif;">NONE</div>
                      </td>
                      <td style="width: 24.09%; vertical-align: top; background-color: rgb(204, 238, 255);">
                        <div style="line-height: 1.25; font-family: 'Times New Roman',Times,serif;">&#160;&#160;0% - 25%</div>
                      </td>
                      <td style="width: 24.09%; vertical-align: top; background-color: rgb(204, 238, 255);">
                        <div style="line-height: 1.25; font-family: 'Times New Roman',Times,serif;">0% - 20%</div>
                      </td>
                    </tr>

                </table>
                <div style="line-height: 1.25;">&#160;</div>
                <div style="text-align: justify; margin-left: 96.4pt; line-height: 1.25; font-family: 'Times New Roman',Times,serif;">The Company&#8217;s Target shall be determined in accordance with all or part of the following pre-determined targets: (1) Sales
                  budget, in accordance with the Company&#8217;s annual budget; (2) Gross Profit, in accordance with the Company&#8217;s budget; (3) Operating Profit, in accordance with the Company&#8217;s annual budget; (4) Net Income, in accordance with the Company&#8217;s
                  annual budget; (5) EBITDA; and (6) Net cash from operating activities,, in accordance with the Copany&#8217;s annual budget (<font style="font-weight: bold;">"the Company Target"</font>). If a Company Target shall apply to a Chief Executive
                  Officer or a President of a subsidiary of the Company, such target may be applied up to 100% with respect to the financial results of the relevant subsidiary, and the remaining bonus with respect to the financial results of the Company
                  and its subsidiaries on a consolidated basis.</div>
                <div style="line-height: 1.25;">&#160;</div>
                <div style="text-align: justify; margin-left: 96.4pt; line-height: 1.25; font-family: 'Times New Roman',Times,serif;">Notwithstanding the foregoing, the Board may determine to exclude certain profits or loss items from the Company Target
                  including, but not limited to, ceratin expenses related to acquisition of a new company, certain expenses related to distribution of dividend, certain items of revenue or any other items per the Board&#8217;s sole discretion.</div>
                <div style="line-height: 1.25;">&#160;</div>
                <div style="text-align: justify; margin-left: 96.4pt; line-height: 1.25; font-family: 'Times New Roman',Times,serif;">With regard to each one of the Company's measurable targets, reference points shall be determined in terms of numerical
                  values, so that compliance with the precise numerical target as determined in the On Target Cash Plan shall constitute compliance with 100% of the target, and also, numerical values shall be determined which will constitute the lower
                  threshold for compliance with the target. The actual rate of compliance with the targets shall be calculated in accordance with the said reference points.</div>
                <div style="line-height: 1.25;">&#160;</div>
                <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" id="DSPFPageBreakArea">
                  <div style="text-align: center;" id="DSPFPageNumberArea"><font style="font-family: 'Times New Roman',Times,serif; font-weight: normal; font-style: normal;" id="DSPFPageNumber">B - 12</font></div>
                  <div style="page-break-after: always;" id="DSPFPageBreak">
                    <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; margin-left: 96.4pt; line-height: 1.25; font-family: 'Times New Roman',Times,serif;">It is clarified that failure to comply with the minimum threshold of at least 75% of a specific target shall not entitle
                  the Executive to payment of a bonus in respect of the said target. In the event of compliance at a rate of 75% or more with a specific target, the annual On Target Cash Plan shall be calculated in accordance with a key (i.e. Linear,
                  Steps, etc.) which shall determine &#8211; in relation to the point of compliance with the target &#8211; the amount of the bonus in terms of a percentage of the Executive annual base salary, all as shall be set forth in the On Target Cash Plan. In
                  this respect, the Compensation Committee and the Board of Directors shall have the right to determine a higher (but not lower) entitltlement threshold.</div>
                <div style="line-height: 1.25;">&#160;</div>
                <div style="text-align: justify; margin-left: 96.4pt; line-height: 1.25; font-family: 'Times New Roman',Times,serif;">The annual bonus shall be paid to the office Holder in the following manner:</div>
                <div style="line-height: 1.25;">&#160;</div>
                <table cellspacing="0" cellpadding="0" id="z28c0bd5c9bc147a7bf05231a18705915" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

                    <tr>
                      <td style="width: 96.4pt;"><br>
                      </td>
                      <td style="width: 18pt; vertical-align: top; font-family: 'Times New Roman',Times,serif;">-</td>
                      <td style="width: auto; vertical-align: top; text-align: justify;">
                        <div style="font-family: 'Times New Roman',Times,serif;">80% of the amount of the annual bonus will be paid following the approval by the Board of Directors of the Company, of the financial statements of the relevant year (&#8220;Current
                          Year Bonus&#8221;).</div>
                      </td>
                    </tr>

                </table>
                <div style="line-height: 1.25;">&#160;</div>
                <table cellspacing="0" cellpadding="0" id="zf44d6ec483464f789e8e8cad7f1b793b" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

                    <tr>
                      <td style="width: 96.4pt;"><br>
                      </td>
                      <td style="width: 18pt; vertical-align: top; font-family: 'Times New Roman',Times,serif;">-</td>
                      <td style="width: auto; vertical-align: top; text-align: justify;">
                        <div style="font-family: 'Times New Roman',Times,serif;">20% of the amount of the annual bonus shall be deferred by one year, and shall be paid following the approval by the Board of Directors of the Company of the financial
                          statements of such year (&#8220;Deferred Bonus&#8221;).</div>
                      </td>
                    </tr>

                </table>
                <div style="line-height: 1.25;">&#160;</div>
                <div style="text-align: justify; margin-left: 96.4pt; line-height: 1.25; font-family: 'Times New Roman',Times,serif;">The Office Holder's eligibility to the payment of the Deferred Bonus shall be subject to the following cumulative
                  conditions: (i) the Company recorded a positive EBITDA for the following year; and (ii) the Office Holder had not ceased to provide services to the Company during the year in which the Deferred Bonus is paid resulting from&#160; the Company
                  terminating the engagement with the Office Holder for "Cause" (as defined in section 9.4.10 below) .</div>
                <div style="line-height: 1.25;">&#160;</div>
                <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" id="DSPFPageBreakArea">
                  <div style="text-align: center;" id="DSPFPageNumberArea"><font style="font-family: 'Times New Roman',Times,serif; font-weight: normal; font-style: normal;" id="DSPFPageNumber">B - 13</font></div>
                  <div style="page-break-after: always;" id="DSPFPageBreak">
                    <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; margin-left: 96.4pt; line-height: 1.25; font-family: 'Times New Roman',Times,serif;">For the avoidance of doubt, it is hereby clarified that the payment of the Deferred Bonus shall be in addition to any
                  payment of compensation to which the Office Holder shall be entitled with respect to the relevant following year, and the payment of the Deferred Bonus shall not have any effect on the manner of calculation of the compensation for the
                  relevant following year.</div>
                <div style="line-height: 1.25;">&#160;</div>
                <div style="text-align: justify; margin-left: 96.4pt; line-height: 1.25; font-family: 'Times New Roman',Times,serif;">With regard to the Company's Executives, excluding its Active Chairman and the CEO, their Personal Targets for the On
                  Target Cash Plan shall be determined annualy by the Compensation Committee and the Board of Directors (<font style="font-weight: bold;">"the Personal Target"</font>). Such targets may include compliance with&#160; the Company's budget,
                  operational efficiency, inventory management, new sales, existing customers, financial management, collection, etc.</div>
                <div style="line-height: 1.25;">&#160;</div>
                <div style="text-align: justify; margin-left: 96.4pt; line-height: 1.25; font-family: 'Times New Roman',Times,serif;">With regard to each one of the Personal measurable targets, reference points shall be determined in terms of numerical
                  values, so that compliance with the precise numerical target as determined in the On Target Cash Plan shall constitute compliance with 100% of the target, and also, numerical values shall be determined which will constitute the lower
                  threshold for compliance with the target. The actual rate of compliance with the targets shall be calculated in accordance with the said reference points.</div>
                <div style="line-height: 1.25;">&#160;</div>
                <div style="text-align: justify; margin-left: 96.4pt; line-height: 1.25; font-family: 'Times New Roman',Times,serif;">It is clarified that failure to comply with the minimum threshold of at least 75% of a specific target shall not entitle
                  the Executive to payment of a bonus in respect of the said target. In the event of compliance at a rate of 75% or more with a specific target, the annual On Target Cash Plan shall be calculated in accordance with a key (i.e. Linear,
                  Steps, etc.) which shall determine &#8211; in relation to the point of compliance with the target &#8211; the amount of the bonus in terms of a percentage of the Executive annual base salary, all as shall be set forth in the On Target Cash Plan.</div>
                <div style="line-height: 1.25;">&#160;</div>
                <table cellspacing="0" cellpadding="0" id="z6bc8fd4ce97644d29d2b79f5041344d2" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

                    <tr>
                      <td style="width: 63pt;"><br>
                      </td>
                      <td style="width: 33.4pt; vertical-align: top; font-family: 'Times New Roman',Times,serif;">9.4.5.</td>
                      <td style="width: auto; vertical-align: top; text-align: justify;">
                        <div style="font-family: 'Times New Roman',Times,serif;">Personal evaluation: the Company's CEO shall present his personal evaluation of Executive reporting to the CEO to the Company's Compensation Committee and to the Board of
                          Directos. This evaluation shall relate, inter alia, to nonfinancial indices, including the Executive's long term contribution and his/her long term performance. The CEO's personal evaluation shall be presented to the Compensation
                          Committee and to the Board of Directors by the Chairman of the Board, according to the evaluation principles set above with relation to all other Executives.</div>
                      </td>
                    </tr>

                </table>
                <div style="line-height: 1.25;">&#160;</div>
                <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" id="DSPFPageBreakArea">
                  <div style="text-align: center;" id="DSPFPageNumberArea"><font style="font-family: 'Times New Roman',Times,serif; font-weight: normal; font-style: normal;" id="DSPFPageNumber">B - 14</font></div>
                  <div style="page-break-after: always;" id="DSPFPageBreak">
                    <hr noshade="noshade" style="border-width: 0px; clear: both; margin: 4px 0px; width: 100%; height: 2px; color: #000000; background-color: #000000;"></div>
                </div>
                <table cellspacing="0" cellpadding="0" id="z7147c9e99f314bbc8eb3ed141a54042a" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

                    <tr>
                      <td style="width: 63pt;"><br>
                      </td>
                      <td style="width: 33.4pt; vertical-align: top; font-family: 'Times New Roman',Times,serif;">9.4.6.</td>
                      <td style="width: auto; vertical-align: top; text-align: justify;">
                        <div style="font-family: 'Times New Roman',Times,serif;">It is hereby clarified that the aggregate weight to be assigned to all five of the aforesaid categories in a cash incentives formula shall be 100% and in no event shall exceed
                          the ratio set forth in the table in clause 8.4 above.</div>
                      </td>
                    </tr>

                </table>
                <div style="line-height: 1.25;">&#160;</div>
                <div style="text-align: justify; margin-left: 96.4pt; line-height: 1.25; font-family: 'Times New Roman',Times,serif;">The breakdown of the targets in each measurable category and the relative weight of each of the measurable categories
                  shall be tailored to each Executive individually, no later than approval of the Company's annual consolidated audited financial reports, depending on the seniority of the Executive and the organizational division to which the Executive is
                  assigned or that is under his purview.</div>
                <div style="line-height: 1.25;">&#160;</div>
                <div style="text-align: justify; margin-left: 96.4pt; line-height: 1.25; font-family: 'Times New Roman',Times,serif;">It is hereby clarified, that a maximum change of 10% of the relative weight of each of the measurable categories shall not
                  be deemed a material change in the terms of employement.</div>
                <div style="line-height: 1.25;">&#160;</div>
                <table cellspacing="0" cellpadding="0" id="zb645ccad06354fc39af1b437e9c057d7" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

                    <tr>
                      <td style="width: 63pt;"><br>
                      </td>
                      <td style="width: 33.4pt; vertical-align: top; font-family: 'Times New Roman',Times,serif;">9.4.7.</td>
                      <td style="width: auto; vertical-align: top; text-align: justify;">
                        <div style="font-family: 'Times New Roman',Times,serif;">In the event that the Company's strategic targets shall be amended by the Board of Directors during a particular year and/or there is a change to the Executive&#8217;s
                          responsibilities and/or scope of employment&#160; - the Board of Directors shall have the authorization to determine whether, and in which manner, such amendment shall apply to the On Target Cash Plan.</div>
                      </td>
                    </tr>

                </table>
                <div style="line-height: 1.25;">&#160;</div>
                <table cellspacing="0" cellpadding="0" id="z0dc9dae680664258b5ef0d6f8b9ba0c0" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

                    <tr>
                      <td style="width: 63pt;"><br>
                      </td>
                      <td style="width: 33.4pt; vertical-align: top; font-family: 'Times New Roman',Times,serif;">9.4.8.</td>
                      <td style="width: auto; vertical-align: top; text-align: justify;">
                        <div style="font-family: 'Times New Roman',Times,serif;">The Board of Directors will be authorized to define certain events as exceptional and extra-ordinary to the Company&#8217;s ordinary course of business, in which case the
                          compensation committee will have the ability to adjust their impact when calculating any of the Company&#8217;s targets and Personal Targets. It shall be noted that Company&#8217;s Targets and/or Personal Targets impacted by this section with
                          respect to the Active Chairman and CEO, shall be brought for the approval of the General Meeting in accordance with the Law.</div>
                      </td>
                    </tr>

                </table>
                <div style="line-height: 1.25;">&#160;</div>
                <table cellspacing="0" cellpadding="0" id="z4657e498258548e1bc04c35eea66fec5" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

                    <tr>
                      <td style="width: 63pt;"><br>
                      </td>
                      <td style="width: 33.4pt; vertical-align: top; font-family: 'Times New Roman',Times,serif;">9.4.9.</td>
                      <td style="width: auto; vertical-align: top; text-align: justify;">
                        <div style="font-family: 'Times New Roman',Times,serif;">The entitlement to the On Target Cash Plan in respect of a particular year shall be conferred on an Executive where such Executive rendered services or was employed with the
                          Company for a period of at least 6 months during that particular year - and the amount thereof shall be relative to the period of employment with the Company during that particular year.</div>
                      </td>
                    </tr>

                </table>
                <div style="line-height: 1.25;">&#160;</div>
                <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" id="DSPFPageBreakArea">
                  <div style="text-align: center;" id="DSPFPageNumberArea"><font style="font-family: 'Times New Roman',Times,serif; font-weight: normal; font-style: normal;" id="DSPFPageNumber">B - 15</font></div>
                  <div style="page-break-after: always;" id="DSPFPageBreak">
                    <hr noshade="noshade" style="border-width: 0px; clear: both; margin: 4px 0px; width: 100%; height: 2px; color: #000000; background-color: #000000;"></div>
                </div>
                <table cellspacing="0" cellpadding="0" id="z6986c2dad67045e888cdb110b3b7d4d3" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

                    <tr>
                      <td style="width: 63pt;"><br>
                      </td>
                      <td style="width: 33.4pt; vertical-align: top; font-family: 'Times New Roman',Times,serif;">9.4.10.</td>
                      <td style="width: auto; vertical-align: top; text-align: justify;">
                        <div style="font-family: 'Times New Roman',Times,serif;">In the event of termination of the relationship following "Cause" as defined below, such Executive shall not be entitled to any payments in accordance with his/her On Target
                          Cash Plan which have not yet been paid prior to the date of said termination, unless otherwise determined by the Board of Directors.</div>
                      </td>
                    </tr>

                </table>
                <div style="line-height: 1.25;">&#160;</div>
                <div style="text-align: justify; margin-left: 96.4pt; line-height: 1.25; font-family: 'Times New Roman',Times,serif;">"Cause" means the following: termination due to: (i) an Executive's conviction of, or plea of guilty or nolo contendere
                  to, a felony (ii) performance by an Executive of an illegal act, dishonesty, or fraud which could cause significant economic injury to the Company; (iii) an Executive's insubordination, refusal to perform his or her duties or
                  responsibilities for any reason other than illness or incapacity or materially unsatisfactory performance of his or her duties for the Company; (iv) continuing willful and deliverate failure by the Executive to perform the Executive's
                  duties in any material respect, provided that the Executive is given notice and an opportunity to effectuate a cure as determined by the Company; or (v) an Executive's willful misconduct with regard to the Company that could have a
                  material adverse effect on the Company.</div>
                <div style="line-height: 1.25;">&#160;</div>
                <table cellspacing="0" cellpadding="0" id="z746bab1b785348ecba0f5393d9f1f083" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

                    <tr>
                      <td style="width: 63pt;"><br>
                      </td>
                      <td style="width: 33.4pt; vertical-align: top; font-family: 'Times New Roman',Times,serif;">9.4.11.</td>
                      <td style="width: auto; vertical-align: top; text-align: justify;">
                        <div style="font-family: 'Times New Roman',Times,serif;">For the avoidance of doubt, it is hereby clarified that payments under the On Target Cash Plan shall not be deemed to be a salary, for all intents and purposes, and it shall
                          not confer any social rights.</div>
                      </td>
                    </tr>

                </table>
                <div style="line-height: 1.25;">&#160;</div>
                <table cellspacing="0" cellpadding="0" id="z1da75d519d7e4115b239eb19df964e56" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

                    <tr>
                      <td style="width: 63pt;"><br>
                      </td>
                      <td style="width: 33.4pt; vertical-align: top; font-family: 'Times New Roman',Times,serif;">9.4.12.</td>
                      <td style="width: auto; vertical-align: top; text-align: justify;">
                        <div style="font-family: 'Times New Roman',Times,serif;">The Company will include in its year-end filings (i.e. Annual 20F), with respect to the Active Chairman and the CEO, an explanation as to how their On Target Cash Plan was
                          calculated, including: their predetermined Company Targets, Personal Targets and Personal Evaluation for that particular year; the mix and weights; and the extent of achieving them.</div>
                      </td>
                    </tr>

                </table>
                <div style="line-height: 1.25;">&#160;</div>
                <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" id="DSPFPageBreakArea">
                  <div style="text-align: center;" id="DSPFPageNumberArea"><font style="font-family: 'Times New Roman',Times,serif; font-weight: normal; font-style: normal;" id="DSPFPageNumber">B - 16</font></div>
                  <div style="page-break-after: always;" id="DSPFPageBreak">
                    <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; margin-left: 18pt; line-height: 1.25; font-family: 'Times New Roman',Times,serif; font-weight: bold;"><u>Equity Based Compensation</u></div>
                <div style="line-height: 1.25;">&#160;</div>
                <table cellspacing="0" cellpadding="0" id="z9b795952aa7b464384210a19d72d75da" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

                    <tr>
                      <td style="width: 35.45pt;"><br>
                      </td>
                      <td style="width: 35.45pt; vertical-align: top; font-family: 'Times New Roman',Times,serif;">9.5.</td>
                      <td style="width: auto; vertical-align: top; text-align: justify;">
                        <div style="font-family: 'Times New Roman',Times,serif;">The Company may grant its Executives, from time to time, equity based compensation, which may include any type of equity, including, without limitation, any type of shares,
                          options, restricted share units (RSUs), share appreciation rights, restricted shares or other shares based awards<font style="font-style: italic;">&#160;</font>(&#8220;<font style="font-weight: bold;">Equity Based Components</font>&#8221;), either
                          under the Company's existing 2012 Stock Option Plan or future equity plan (as may be adopted by the Company), and subject to any applicable law.</div>
                      </td>
                    </tr>

                </table>
                <div style="line-height: 1.25;">&#160;</div>
                <table cellspacing="0" cellpadding="0" id="z6fb43b9b24304863be3680a6d87f3f78" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

                    <tr>
                      <td style="width: 35.45pt;"><br>
                      </td>
                      <td style="width: 35.45pt; vertical-align: top; font-family: 'Times New Roman',Times,serif;">9.6.</td>
                      <td style="width: auto; vertical-align: top; text-align: justify;">
                        <div style="font-family: 'Times New Roman',Times,serif;">The Company believes that it is not in its best interest to limit the exercise value of Equity Based Components<font style="font-style: italic;">.</font></div>
                      </td>
                    </tr>

                </table>
                <div style="line-height: 1.25;">&#160;</div>
                <table cellspacing="0" cellpadding="0" id="z2570a8703a7f4c4e81990ef5bff67ea2" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

                    <tr>
                      <td style="width: 35.45pt;"><br>
                      </td>
                      <td style="width: 35.45pt; vertical-align: top; font-family: 'Times New Roman',Times,serif;">9.7.</td>
                      <td style="width: auto; vertical-align: top; text-align: justify;">
                        <div style="font-family: 'Times New Roman',Times,serif;">Equity Based Components for Executives shall be in accordance with and subject to the terms of our existing or future equity plan and shall vest in installments throughout a
                          period which shall not be shorter than 3 years with at least a 1 year cliff taking into account adequate incentives in a long term perspective.</div>
                      </td>
                    </tr>

                </table>
                <div style="line-height: 1.25;">&#160; <br>
                </div>
                <table cellspacing="0" cellpadding="0" id="z0f8b96c9025549bdaf49b4a688a79471" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

                    <tr>
                      <td style="width: 35.45pt;"><br>
                      </td>
                      <td style="width: 35.45pt; vertical-align: top; font-family: 'Times New Roman',Times,serif;">9.8.</td>
                      <td style="width: auto; vertical-align: top; text-align: justify;">
                        <div style="font-family: 'Times New Roman',Times,serif;">The total yearly Equity Value granted shall not exceed with respect to the Active Chairman, the CEO and each other Executive, at the time of approval by the Board of Directors
                          the appropriate ratio set forth in clause 8.4 above.</div>
                      </td>
                    </tr>

                </table>
                <div style="line-height: 1.25;">&#160;</div>
                <table cellspacing="0" cellpadding="0" id="z35637b8fb5ac4dabb18406ad2dd113b5" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

                    <tr>
                      <td style="width: 35.45pt;"><br>
                      </td>
                      <td style="width: 35.45pt; vertical-align: top; font-family: 'Times New Roman',Times,serif;">9.9.</td>
                      <td style="width: auto; vertical-align: top; text-align: justify;">
                        <div style="font-family: 'Times New Roman',Times,serif;">The maximum dilution as a result of grant of the equity based compensation to Executives shall not exceed 15%.</div>
                      </td>
                    </tr>

                </table>
                <div style="line-height: 1.25;">&#160;</div>
                <table cellspacing="0" cellpadding="0" id="zce942b7f57aa4ca88c5c7762e1feb4ec" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

                    <tr>
                      <td style="width: 35.45pt;"><br>
                      </td>
                      <td style="width: 35.45pt; vertical-align: top; font-family: 'Times New Roman',Times,serif;">9.10.</td>
                      <td style="width: auto; vertical-align: top; text-align: justify;">
                        <div style="font-family: 'Times New Roman',Times,serif;">The terms of Equity Based Components may include provisions regarding vesting&#160; acceleration as a result of change of control in the Company.</div>
                      </td>
                    </tr>

                </table>
                <div style="line-height: 1.25;">&#160;</div>
                <table cellspacing="0" cellpadding="0" id="z3ecb202ade694c3a87c60c218dbcf31d" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

                    <tr>
                      <td style="width: 35.45pt;"><br>
                      </td>
                      <td style="width: 35.45pt; vertical-align: top; font-family: 'Times New Roman',Times,serif;">9.11.</td>
                      <td style="width: auto; vertical-align: top; text-align: justify;">
                        <div style="font-family: 'Times New Roman',Times,serif;">The exercise price of the options granted shall be determined by the Company and shall not be less than the higher of (a) 5% above the average closing price of the Company's
                          share in the 30 trading days preceding the date of the Board of Directors' approval of the equity grant; (b) 5% above the share price on the date of the Board of Directors' approval of the equity grant.</div>
                      </td>
                    </tr>

                </table>
                <div style="line-height: 1.25;">&#160;</div>
                <table cellspacing="0" cellpadding="0" id="zf5de458417ad4e509a4752606249edd0" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

                    <tr>
                      <td style="width: 35.45pt;"><br>
                      </td>
                      <td style="width: 35.45pt; vertical-align: top; font-family: 'Times New Roman',Times,serif;">9.12.</td>
                      <td style="width: auto; vertical-align: top; text-align: justify;">
                        <div style="font-family: 'Times New Roman',Times,serif;">In the event of the termination of the employer &#8211; employee relationship or rendering services to the Company's group during the relevant year, the grantee shall be entitled to
                          the options which were allocated in his/her regard, where the date of entitlement in respect of the said options occurred prior to the date of the actual termination, and to exercise them into shares of the Company up until the
                          earlier of: (1) 90 days from the date of the actual termination; (2) the expiration of their exercise period. The grantee shall be entitled to count the shares which were allocated for him only if the date of entitlement in
                          respect thereof occurred prior to the date of the actual termination.</div>
                      </td>
                    </tr>

                </table>
                <div style="line-height: 1.25;">&#160;</div>
                <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" id="DSPFPageBreakArea">
                  <div style="text-align: center;" id="DSPFPageNumberArea"><font style="font-family: 'Times New Roman',Times,serif; font-weight: normal; font-style: normal;" id="DSPFPageNumber">B - 17</font></div>
                  <div style="page-break-after: always;" id="DSPFPageBreak">
                    <hr noshade="noshade" style="border-width: 0px; clear: both; margin: 4px 0px; width: 100%; height: 2px; color: #000000; background-color: #000000;"></div>
                </div>
                <table cellspacing="0" cellpadding="0" id="z897e2aab77694a7f91b586f00dda1362" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

                    <tr>
                      <td style="width: 35.45pt;"><br>
                      </td>
                      <td style="width: 38.25pt; vertical-align: top; font-family: 'Times New Roman',Times,serif;">9.13.</td>
                      <td style="width: auto; vertical-align: top; text-align: justify;">
                        <div style="font-family: 'Times New Roman',Times,serif;">In the event of the termination of the relationship following Cause&#8211; and even if the date of entitlement to the options has fallen due, in whole or in part, and they have not
                          yet been exercised into shares, the options which have not yet been exercised prior to the expiration of the exercise period shall expire.</div>
                      </td>
                    </tr>

                </table>
                <div style="line-height: 1.25;">&#160;</div>
                <table cellspacing="0" cellpadding="0" id="z724874a1fa8d4e94a07e7f8b89ae33d2" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

                    <tr>
                      <td style="width: 35.45pt;"><br>
                      </td>
                      <td style="width: 35.45pt; vertical-align: top; font-family: 'Times New Roman',Times,serif;">9.14.</td>
                      <td style="width: auto; vertical-align: top; text-align: justify;">
                        <div style="font-family: 'Times New Roman',Times,serif;">For the avoidance of doubt, it is hereby clarified that the annual equity compensation shall not be deemed to be a salary, for all intents and purposes, and it shall not
                          confer any social rights.</div>
                      </td>
                    </tr>

                </table>
                <div style="line-height: 1.25;">&#160;</div>
                <table cellspacing="0" cellpadding="0" id="z0f56362f50524941a688b28717ee443e" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

                    <tr>
                      <td style="width: 18pt;"><br>
                      </td>
                      <td style="width: 18pt; vertical-align: top; font-family: 'Times New Roman',Times,serif;">10.</td>
                      <td style="width: auto; vertical-align: top; text-align: justify;">
                        <div style="font-family: 'Times New Roman',Times,serif; font-weight: bold;"><u>Separation Package</u></div>
                      </td>
                    </tr>

                </table>
                <div style="line-height: 1.25;">&#160;</div>
                <table cellspacing="0" cellpadding="0" id="z545e076c0878483995caa6e6d59dab72" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

                    <tr>
                      <td style="width: 35.45pt;"><br>
                      </td>
                      <td style="width: 35.45pt; vertical-align: top; font-family: 'Times New Roman',Times,serif;">10.1.</td>
                      <td style="width: auto; vertical-align: top; text-align: justify;">
                        <div style="font-family: 'Times New Roman',Times,serif;">The following criteria shall be taken into consideration when determining Separation Package: the duration of employment of the Active Chairman or the Executive, the terms of
                          employment, the Company&#8217;s performance during such term, the Executive&#8217;s contribution to achieving the Company&#8217;s goals and revenues and the retirement&#8217;s circumstances.</div>
                      </td>
                    </tr>

                </table>
                <div style="line-height: 1.25;">&#160;</div>
                <table cellspacing="0" cellpadding="0" id="zd34d2423ed2646959d1fa6b764819175" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

                    <tr>
                      <td style="width: 35.45pt;"><br>
                      </td>
                      <td style="width: 35.45pt; vertical-align: top; font-family: 'Times New Roman',Times,serif;">10.2.</td>
                      <td style="width: auto; vertical-align: top; text-align: justify;">
                        <div style="font-family: 'Times New Roman',Times,serif;">Other than payments required under any applicable law, local practices, transfer or release of pension funds, manager's insurance policies, etc. - the maximum Separation
                          Package of each Executive, CEO or the Active Chairman shall not exceed the value of 25% the Total Compensation of such an Executive, CEO or Active Chairman, respectively.</div>
                      </td>
                    </tr>

                </table>
                <div style="line-height: 1.25;">&#160;</div>
                <table cellspacing="0" cellpadding="0" id="z79de4cc2724a4338ada3f367417bc05a" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

                    <tr>
                      <td style="width: 18pt;"><br>
                      </td>
                      <td style="width: 18pt; vertical-align: top; font-family: 'Times New Roman',Times,serif;">11.</td>
                      <td style="width: auto; vertical-align: top; text-align: justify;">
                        <div style="font-family: 'Times New Roman',Times,serif; font-weight: bold;"><u>Notice Period in Termination</u></div>
                      </td>
                    </tr>

                </table>
                <div style="line-height: 1.25;">&#160;</div>
                <div style="text-align: justify; margin-left: 70.9pt; line-height: 1.25; font-family: 'Times New Roman',Times,serif;">As a guideline, the notice period for the termination of an Executive shall not exceed six months or payment in lieu of
                  such notice. During the notice period, the Executive shall be required to continue his services or employment with the Company, unless otherwise determined by the Board of Directors.</div>
                <div style="line-height: 1.25;">&#160;</div>
                <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" id="DSPFPageBreakArea">
                  <div style="text-align: center;" id="DSPFPageNumberArea"><font style="font-family: 'Times New Roman',Times,serif; font-weight: normal; font-style: normal;" id="DSPFPageNumber">B - 18</font></div>
                  <div style="page-break-after: always;" id="DSPFPageBreak">
                    <hr noshade="noshade" style="border-width: 0px; clear: both; margin: 4px 0px; width: 100%; height: 2px; color: #000000; background-color: #000000;"></div>
                </div>
                <table cellspacing="0" cellpadding="0" id="zf580d33fa55846e88cd9df3fbb98476f" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

                    <tr>
                      <td style="width: 18pt;"><br>
                      </td>
                      <td style="width: 18pt; vertical-align: top; font-family: 'Times New Roman',Times,serif;">12.</td>
                      <td style="width: auto; vertical-align: top; text-align: justify;">
                        <div style="font-family: 'Times New Roman',Times,serif; font-weight: bold;"><u>Others</u></div>
                      </td>
                    </tr>

                </table>
                <div style="line-height: 1.25;">&#160;</div>
                <table cellspacing="0" cellpadding="0" id="zcbc0bfff1bcd43dd93fe3320080f25d6" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

                    <tr>
                      <td style="width: 35.45pt;"><br>
                      </td>
                      <td style="width: 35.45pt; vertical-align: top; font-family: 'Times New Roman',Times,serif;">12.1.</td>
                      <td style="width: auto; vertical-align: top; text-align: justify;">
                        <div style="font-size: 12pt;"><font style="font-size: 10pt; font-family: 'Times New Roman',Times,serif; font-weight: bold;">Relocation</font><font style="font-size: 10pt;">&#8211; additional compensation pursuant to local practices and
                            law may be granted to an Executive under relocation circumstances. Such benefits shall include reimbursement for out of pocket one time payments and other ongoing expenses, such as housing allowance, schooling allowance, car or
                            transportation allowance, home leave visit, health insurance for executive and family, etc, all as reasonable and customary for the relocated country and in accordance with the Company's relocation practices, as shall be
                            approved by the Compensation Committee and Board of Directors.</font></div>
                      </td>
                    </tr>

                </table>
                <div style="line-height: 1.25;">&#160;</div>
                <table cellspacing="0" cellpadding="0" id="zb3a95e6fab564280852737a806425650" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

                    <tr>
                      <td style="width: 35.45pt;"><br>
                      </td>
                      <td style="width: 35.45pt; vertical-align: top; font-family: 'Times New Roman',Times,serif;">12.2.</td>
                      <td style="width: auto; vertical-align: top; text-align: justify;">
                        <div style="font-size: 12pt;"><font style="font-size: 10pt; font-family: 'Times New Roman',Times,serif; font-weight: bold;">Special Bonus</font><font style="font-size: 10pt;"> - Our Compensation Committee and our Board of Directors
                            may approve, from time to time, with respect to any Executive, if they deem required under special circumstances or in case of an exceptional contribution to the Company, including, among others, in cases of retention or
                            attraction of a new Executive or consummation of an acquisition by or of the Company or the sale or spin off of any material asset of the Company, the grant of a onetime cash incentive, of up to three monthly salaries or the
                            equivalent thereof.</font></div>
                      </td>
                    </tr>

                </table>
                <div style="line-height: 1.25;">&#160;</div>
                <table cellspacing="0" cellpadding="0" id="z0c4ca142ca264d87a3b97a3e54a72485" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

                    <tr>
                      <td style="width: 18pt;"><br>
                      </td>
                      <td style="width: 18pt; vertical-align: top; font-family: 'Times New Roman',Times,serif;">13.</td>
                      <td style="width: auto; vertical-align: top; text-align: justify;">
                        <div style="font-family: 'Times New Roman',Times,serif; font-weight: bold;"><u>Clawback Policy</u></div>
                      </td>
                    </tr>

                </table>
                <div style="line-height: 1.25;">&#160;</div>
                <table cellspacing="0" cellpadding="0" id="z7bdf20a33c444fcb902b32de8d3a3a3e" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

                    <tr>
                      <td style="width: 35.45pt;"><br>
                      </td>
                      <td style="width: 35.45pt; vertical-align: top; font-family: 'Times New Roman',Times,serif;">13.1.</td>
                      <td style="width: auto; vertical-align: top; text-align: justify;">
                        <div style="font-family: 'Times New Roman',Times,serif;">In the event of a restatement of the Company&#8217;s financial results, we shall seek reimbursement from our Office Holders of any payment made due to erroneous restated data, with
                          regards to each Office Holder&#8217;s Terms of Office and Employment that would not otherwise have been paid. The reimbursement shall be limited to such payments made during the 3-years period preceding the date of restatement. The
                          above shall not apply in case of restatements that reflect the adoption of new accounting standards, transactions that require retroactive restatement (e.g., discontinued operations), reclassifications of prior year financial
                          information to conform to the current year presentation, or discretionary accounting changes<font style="font-style: italic;">.</font></div>
                      </td>
                    </tr>

                </table>
                <div style="line-height: 1.25;">&#160;</div>
                <table cellspacing="0" cellpadding="0" id="z67469591679c44b082e095be2170d5d4" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

                    <tr>
                      <td style="width: 35.45pt;"><br>
                      </td>
                      <td style="width: 35.45pt; vertical-align: top; font-family: 'Times New Roman',Times,serif;">13.2.</td>
                      <td style="width: auto; vertical-align: top; text-align: justify;">
                        <div style="font-family: 'Times New Roman',Times,serif;">Our Compensation Committee and Board of Directors shall be authorized to seek recovery to the extent that (i) to do so would be unreasonable or impracticable; or (ii) there is
                          low likelihood of success under governing law versus the cost and effort involved.</div>
                      </td>
                    </tr>

                </table>
                <div style="line-height: 1.25;">&#160;</div>
                <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" id="DSPFPageBreakArea">
                  <div style="text-align: center;" id="DSPFPageNumberArea"><font style="font-family: 'Times New Roman',Times,serif; font-weight: normal; font-style: normal;" id="DSPFPageNumber">B - 19</font></div>
                  <div style="page-break-after: always;" id="DSPFPageBreak">
                    <hr noshade="noshade" style="border-width: 0px; clear: both; margin: 4px 0px; width: 100%; height: 2px; color: #000000; background-color: #000000;"></div>
                </div>
                <table cellspacing="0" cellpadding="0" id="zd988af57725f4ed8adfece8b19a1e8fe" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

                    <tr>
                      <td style="width: 31.2pt; vertical-align: top; font-family: 'Times New Roman',Times,serif; font-weight: bold;">III.</td>
                      <td style="width: auto; vertical-align: top; text-align: justify;">
                        <div style="font-family: 'Times New Roman',Times,serif; font-weight: bold;"><u>Director Remuneration:</u></div>
                      </td>
                    </tr>

                </table>
                <div style="line-height: 1.25;">&#160;</div>
                <div style="text-align: justify; margin-left: 31.2pt; line-height: 1.25; font-family: 'Times New Roman',Times,serif;">Our directors may be entitled to remuneration composed of cash compensation which includes annual fee and meeting
                  participartion fee, as well as equity based compensation, as an incentive for their contribution and efforts as directors of the Company.</div>
                <div style="line-height: 1.25;">&#160;</div>
                <table cellspacing="0" cellpadding="0" id="z7e543e9f80a045b4b0bc3d9000460b83" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

                    <tr>
                      <td style="width: 18pt;"><br>
                      </td>
                      <td style="width: 18pt; vertical-align: top; font-family: 'Times New Roman',Times,serif;">14.</td>
                      <td style="width: auto; vertical-align: top; text-align: justify;">
                        <div style="font-family: 'Times New Roman',Times,serif;">&#160;&#160; <font style="font-weight: bold;">Cash Compensation</font>:</div>
                      </td>
                    </tr>

                </table>
                <div style="line-height: 1.25;">&#160;</div>
                <table cellspacing="0" cellpadding="0" id="z81b97dd5e5434e98a24533f8137b6628" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

                    <tr>
                      <td style="width: 35.45pt;"><br>
                      </td>
                      <td style="width: 35.45pt; vertical-align: top; font-family: 'Times New Roman',Times,serif;">14.1.</td>
                      <td style="width: auto; vertical-align: top; text-align: justify;">
                        <div style="font-family: 'Times New Roman',Times,serif;">The Company&#8217;s non-executive directors may be entitled to receive an annual cash fee and a participation fee for each meeting in accordance with the<font style="font-style: italic;">&#160;</font>amounts set forth in the Companies Regulations (Rules Regarding Compensation and Expense Reimbursement of External Directors) -2000 (<font style="font-weight: bold;">"the Compensation Regulations"</font>), and
                          taking into account their definition as "expert director" according to the Compensation Regulations.</div>
                      </td>
                    </tr>

                </table>
                <div style="line-height: 1.25;">&#160;</div>
                <table cellspacing="0" cellpadding="0" id="zaa5ff18f01cd44e2a723a556e9144bb6" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

                    <tr>
                      <td style="width: 35.45pt;"><br>
                      </td>
                      <td style="width: 35.45pt; vertical-align: top; font-family: 'Times New Roman',Times,serif;">14.2.</td>
                      <td style="width: auto; vertical-align: top; text-align: justify;">
                        <div style="font-family: 'Times New Roman',Times,serif;">The Company&#8217;s directors may be reimbursed for their reasonable expenses incurred in connection with attending meetings of the Board of Directors and of any Committees of the
                          Board of Directors, all in accordance with the Compensation Regulations.</div>
                      </td>
                    </tr>

                </table>
                <div style="line-height: 1.25;">&#160;</div>
                <table cellspacing="0" cellpadding="0" id="z62f21e4c091a4791ad08477eb3adfc7a" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

                    <tr>
                      <td style="width: 18pt;"><br>
                      </td>
                      <td style="width: 18pt; vertical-align: top; font-family: 'Times New Roman',Times,serif;">15.</td>
                      <td style="width: auto; vertical-align: top; text-align: justify;">
                        <div style="font-size: 12pt;"><font style="font-size: 10pt; font-family: 'Times New Roman',Times,serif; font-weight: bold;">Equity Based Compensation</font><font style="font-size: 10pt;">:</font></div>
                      </td>
                    </tr>

                </table>
                <div style="line-height: 1.25;">&#160;</div>
                <div style="text-align: justify; margin-left: 35.45pt; line-height: 1.25; font-family: 'Times New Roman',Times,serif;">The Company&#8217;s non-executive directors, i.e. excluding external and independent, may be entitled to receive equal annual
                  equity based compensation, which value shall not exceed at the time of grant 10% of the total annual cash fee detailed in section 14.1 above<font style="font-style: italic;">.</font></div>
                <div style="line-height: 1.25;">&#160;</div>
                <table cellspacing="0" cellpadding="0" id="z57f47b1a1b474592ab8d4ba0d421ed1f" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

                    <tr>
                      <td style="width: 18pt;"><br>
                      </td>
                      <td style="width: 18pt; vertical-align: top; font-family: 'Times New Roman',Times,serif;">16.</td>
                      <td style="width: auto; vertical-align: top; text-align: justify;">
                        <div style="font-size: 12pt;"><font style="font-size: 10pt; font-family: 'Times New Roman',Times,serif; font-weight: bold;">Active Chairman Compensation</font><font style="font-size: 10pt;">:</font></div>
                      </td>
                    </tr>

                </table>
                <div style="line-height: 1.25;">&#160;</div>
                <div style="text-align: justify; margin-left: 36pt; line-height: 1.25; font-family: 'Times New Roman',Times,serif;">The Active Chairman may be entitled to a compensation in accordance with the criterias as detailed in Section 4, 8 and 9
                  above, in accordance with his/her scope of employment and relative maximum compensation. The Active Chairman's compensation shall be determined in accordance with his scope of activity, areas of responsibilities in the Company, as well as
                  his experience and expertise. In any event, the total compensation of the Active Chairman shall not be less than the monthly compensation paid to a director in the Company.</div>
                <div style="line-height: 1.25;">&#160; <br>
                </div>
                <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" id="DSPFPageBreakArea">
                  <div style="text-align: center;" id="DSPFPageNumberArea"><font style="font-family: 'Times New Roman',Times,serif; font-weight: normal; font-style: normal;" id="DSPFPageNumber">B - 20</font></div>
                  <div style="page-break-after: always;" id="DSPFPageBreak">
                    <hr noshade="noshade" style="border-width: 0px; clear: both; margin: 4px 0px; width: 100%; height: 2px; color: #000000; background-color: #000000;"></div>
                </div>
                <table cellspacing="0" cellpadding="0" id="za10f8472895241fb96f9d8b7710bde3d" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

                    <tr>
                      <td style="width: 31.2pt; vertical-align: top; font-family: 'Times New Roman',Times,serif; font-weight: bold;">IV.</td>
                      <td style="width: auto; vertical-align: top; text-align: justify;">
                        <div style="font-family: 'Times New Roman',Times,serif; font-weight: bold;"><u>Indemnification &amp; Insurance</u></div>
                      </td>
                    </tr>

                </table>
                <div style="line-height: 1.25;">&#160;</div>
                <table cellspacing="0" cellpadding="0" id="z0b75515384ee4d46b26e78cda8f4b5cf" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

                    <tr>
                      <td style="width: 18pt;"><br>
                      </td>
                      <td style="width: 18pt; vertical-align: top; font-family: 'Times New Roman',Times,serif;">17.</td>
                      <td style="width: auto; vertical-align: top; text-align: justify;">
                        <div style="font-family: 'Times New Roman',Times,serif;">The Office Holders shall be entitled to a directors and officers indemnification up to the maximum amount permitted by law, D&amp;O insurance as shall be approved at the Board
                          of Director's discretion, all in accordance with any applicable law and the Company&#8217;s articles of association.</div>
                      </td>
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                </table>
                <div style="line-height: 1.25;">&#160;</div>
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                    <tr>
                      <td style="width: 18pt;"><br>
                      </td>
                      <td style="width: 18pt; vertical-align: top; font-family: 'Times New Roman',Times,serif;">18.</td>
                      <td style="width: auto; vertical-align: top; text-align: justify;">
                        <div style="font-family: 'Times New Roman',Times,serif;">With respect to the D&amp;O policy-</div>
                      </td>
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                      </td>
                      <td style="width: 35.45pt; vertical-align: top; font-family: 'Times New Roman',Times,serif;">18.1.</td>
                      <td style="width: auto; vertical-align: top; text-align: justify;">
                        <div style="font-family: 'Times New Roman',Times,serif;">The D&amp;O insurance may provide group insurance to the Company and its affiliates (only in respect of D&amp;Os serving as such on behalf of the Company) and alongside the
                          Company's D&amp;O Insurance it is possible that D&amp;Os of the affiliates may also be insured. In the event the D&amp;O insurance shall provide such group insurance, the annual premium shall be relatively divided between the
                          different companies based on the decision of the Company's management taking into account the recommendation of the Company's external insurance advisors.</div>
                      </td>
                    </tr>

                </table>
                <div style="line-height: 1.25;">&#160;</div>
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                    <tr>
                      <td style="width: 35.45pt;"><br>
                      </td>
                      <td style="width: 35.45pt; vertical-align: top; font-family: 'Times New Roman',Times,serif;">18.2.</td>
                      <td style="width: auto; vertical-align: top; text-align: justify;">
                        <div style="font-family: 'Times New Roman',Times,serif;">The limits of liability shall not exceed USD 35 million.</div>
                      </td>
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                <div style="line-height: 1.25;">&#160;<br>
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                    <tr>
                      <td style="width: 35.45pt;"><br>
                      </td>
                      <td style="width: 35.45pt; vertical-align: top; font-family: 'Times New Roman',Times,serif;">18.3.</td>
                      <td style="width: auto; vertical-align: top; text-align: justify;">
                        <div style="font-family: 'Times New Roman',Times,serif;">The deductible <strike>in Canada and the United States shall not exceed USD 150,000 and in the rest of the world USD 120,000. In securities claims, the deductible </strike>shall

                          not exceed USD <strike>300,000</strike>3,500,000.</div>
                      </td>
                    </tr>

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                <div style="line-height: 1.25;">&#160;</div>
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                      </td>
                      <td style="width: 35.45pt; vertical-align: top; font-family: 'Times New Roman',Times,serif;">18.4.</td>
                      <td style="width: auto; vertical-align: top; text-align: justify;">
                        <div style="font-family: 'Times New Roman',Times,serif;">The annual premium for the D&amp;O policy shall be in accordance with market conditions. The Company shall retain the assistance of the Company's external isurance advisors in
                          determining market conditions.</div>
                      </td>
                    </tr>

                </table>
                <div style="line-height: 1.25;">&#160;</div>
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                    <tr>
                      <td style="width: 35.45pt;"><br>
                      </td>
                      <td style="width: 35.45pt; vertical-align: top; font-family: 'Times New Roman',Times,serif;">18.5.</td>
                      <td style="width: auto; vertical-align: top; text-align: justify;">
                        <div style="font-family: 'Times New Roman',Times,serif;">Any purchase of D&amp;O insurance or its renewal during the term of this Policy shall not be brought to additional approval of the General Meeting provided that the
                          Compensation Committee has approved that the purchased D&amp;O insurance meets the conditions detailed above.</div>
                      </td>
                    </tr>

                </table>
                <div style="line-height: 1.25;">&#160;</div>
                <table cellspacing="0" cellpadding="0" id="z32f5b772a35f493380cdcd409f10dcae" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

                    <tr>
                      <td style="width: 18pt;"><br>
                      </td>
                      <td style="width: 18pt; vertical-align: top; font-family: 'Times New Roman',Times,serif;">19.</td>
                      <td style="width: auto; vertical-align: top; text-align: justify;">
                        <div style="font-family: 'Times New Roman',Times,serif;">Each of our Office Holders shall be entitled to the same indemnification terms and insurance policy coverage, all as may be approved from time to time.</div>
                      </td>
                    </tr>

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                <div style="line-height: 1.25;">&#160;</div>
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</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99
<SEQUENCE>3
<FILENAME>exhibit_2.htm
<DESCRIPTION>EXHIBIT 2
<TEXT>
<html>
  <head>
    <title></title>
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         Copyright 1995 - 2020 Broadridge -->
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<body bgcolor="#ffffff" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; text-align: left; color: #000000;">
  <div>
    <div style="line-height: 1.25; text-align: right;">
      <hr align="center" style="border: none; border-bottom: 1px solid black; border-top: 4px solid black; height: 10px; color: #ffffff; background-color: #ffffff; text-align: center; margin-left: auto; margin-right: auto;"><font style="font-weight: bold;"><u>Exhibit 2</u></font><br style="line-height: 1.25;">
    </div>
    <div style="line-height: 1.25">&#160;</div>
    <div style="text-align: center; line-height: 1.25; font-weight: bold;">TAT Technologies Ltd.<br>
      P.O. Box 80, Gedera 70750 Israel</div>
    <div style="line-height: 1.25">&#160;</div>
    <div style="text-align: center; line-height: 1.25; font-weight: bold;">THIS PROXY IS SOLICITED ON BEHALF OF THE BOARD OF<br>
      DIRECTORS OF TAT TECHNOLOGIES LTD.</div>
    <div style="line-height: 1.25">&#160;</div>
    <div style="text-align: justify; text-indent: 28.35pt; line-height: 1.25;">The undersigned, a shareholder of TAT Technologies Ltd. (the &#8220;<font style="font-weight: bold;">Company</font>&#8221;), an Israeli corporation, hereby appoints Adv. Idan Lidor, and
      Adv. Shachar Hananel or either of them, attorney or attorneys of the undersigned, as the attorney and proxy of the undersigned, with full power of substitution, for and in the name of the undersigned, to vote and otherwise act on behalf of the
      undersigned at the annual and special general meeting of shareholders of the Company to be held at the offices of Naschitz, Brandes, Amir &amp; Co., Advocates, located at 5 Tuval Street, Tel-Aviv, Israel, on July 16, 2020 at 17:00 P.M. Israel time,
      or at any adjournment(s) or postponement(s) thereof (the "<font style="font-weight: bold;">Meeting</font>"), with respect to all of the ordinary shares, par value NIS 0.90, of the Company (the &#8220;<font style="font-weight: bold;">Shares</font>&#8221;) which
      the undersigned would be entitled to vote, with all powers the undersigned would possess if personally present, provided said proxies are authorized and directed to vote as indicated with respect to the matter set forth below in this Proxy. Subject
      to applicable law and the rules of NASDAQ, in the absence of such instructions, the Shares represented by properly executed and received proxies will be voted &#8220;FOR&#8221; all of the proposed resolutions to be presented to the Meeting for which the Board of
      Directors recommends a &#8220;FOR&#8221; vote, other than Items 1 through 4.</div>
    <div style="line-height: 1.25;"><br style="line-height: 1.25;">
    </div>
    <div style="text-align: justify; text-indent: 28.35pt; line-height: 1.25;">A shareholder&#8217;s proxy card must be received by the Company no later than July 16, 2020, 13:00 P.M. Israel time; otherwise it shall not be valid at the Meeting.</div>
    <div style="line-height: 1.25">&#160;</div>
    <div style="text-align: justify; text-indent: 28.35pt; line-height: 1.25;">This proxy also delegates, to the extent permitted by applicable law, discretionary authority to vote with respect to any other business which may properly come before the
      Meeting.</div>
    <div style="line-height: 1.25">&#160;</div>
    <div style="text-align: justify; line-height: 1.25; font-weight: bold;">WHETHER OR NOT YOU EXPECT TO ATTEND THE MEETING, PLEASE COMPLETE, DATE AND SIGN THIS FORM OF PROXY AND MAIL THE PROXY PROMPTLY, ALONG WITH PROOF OF IDENTITY IN ACCORDANCE WITH THE
      COMPANY'S PROXY STATEMENT, IN THE ENCLOSED ENVELOPE IN ORDER TO ASSURE REPRESENTATION OF YOUR SHARES. NO POSTAGE NEED BE AFFIXED IF THE PROXY IS MAILED IN THE UNITED STATES.</div>
    <div style="line-height: 1.25;"><br style="line-height: 1.25;">
    </div>
    <div style="text-align: justify; line-height: 1.25; font-weight: bold;">PLEASE NOTE THAT YOU ARE REQUIRED TO INDICATE WITH RESPECT TO ITEMS&#160; 3 AND 4, WHETHER OR NOT YOU ARE THE CONTROLING SHAREHOLDER OF THE COMPANY OR WHETHER OR NOT YOU HAVE A PERSONAL
      INTEREST IN THE PROPOSALS SET FORTH IN ITEMS 3 AND 4. IF YOU FAIL TO NOTIFY US AS TO WHETHER OR NOT YOU ARE THE CONTROLING SHAREHOLDER OF THE COMPANY OR WHETHER OR NOT YOU HAVE A PERSONAL INTEREST WITH RESPECT TO ITEMS 3 AND 4, YOUR VOTE WILL NOT BE
      COUNTED WITH RESPECT TO SUCH ITEM.</div>
    <div style="line-height: 1.25;"><br style="line-height: 1.25;">
    </div>
    <table cellspacing="0" cellpadding="0" border="0" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;" id="zd33c09bb207f4b2e835dc5ef24301563">

        <tr>
          <td rowspan="1" style="width: 20.17%; vertical-align: top;">
            <div style="line-height: 1.25; font-weight: bold;">Item No.1</div>
          </td>
          <td rowspan="1" style="width: 40.47%; vertical-align: top;">
            <div style="text-align: justify; margin-right: 8.45pt; line-height: 1.25;">Approval of the re-appointment of Kesselman &amp; Kesselman PwC Israel, a member of PricewaterhouseCoopers International Ltd., as our independent certified public
              accountants, effective as of the approval by the Meeting until our next Annual Meeting of Shareholders, and delegation to the Company's Board of Directors (or, the Audit Committee, if authorized by the Board of Directors) the authority to
              determine the accountants' remuneration in accordance with the volume and nature of their services.</div>
          </td>
          <td rowspan="1" style="width: 13%; vertical-align: top;">&#160;</td>
          <td rowspan="1" style="width: 14%; vertical-align: top;">&#160;</td>
          <td rowspan="1" style="width: 13%; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td rowspan="1" style="width: 20.17%; vertical-align: top;">&#160;</td>
          <td rowspan="1" style="width: 40.47%; vertical-align: top;">&#160;</td>
          <td rowspan="1" style="background-color: rgb(217, 217, 217); vertical-align: top; width: 13%;">
            <div style="text-align: center; line-height: 1.25;">FOR</div>
          </td>
          <td rowspan="1" style="background-color: rgb(217, 217, 217); vertical-align: top; width: 14%;">
            <div style="text-align: center; line-height: 1.25;">AGAINST</div>
          </td>
          <td rowspan="1" style="background-color: rgb(217, 217, 217); vertical-align: top; width: 13%;">
            <div style="text-align: center; line-height: 1.25;">ABSTAIN</div>
          </td>
        </tr>
        <tr>
          <td rowspan="1" style="width: 20.17%; vertical-align: top;">&#160;</td>
          <td rowspan="1" style="width: 40.47%; vertical-align: top;">&#160;</td>
          <td rowspan="1" style="width: 13%; vertical-align: top; text-align: center;">&#9744;</td>
          <td rowspan="1" style="width: 14%; vertical-align: top; text-align: center;">&#9744;</td>
          <td rowspan="1" style="width: 13%; vertical-align: top; text-align: center;">&#9744;<br>
          </td>
        </tr>
        <tr>
          <td rowspan="1" style="width: 20.17%; vertical-align: top;">&#160;</td>
          <td rowspan="1" style="width: 40.47%; vertical-align: top;">&#160;</td>
          <td rowspan="1" style="width: 13%; vertical-align: top;">&#160;</td>
          <td rowspan="1" style="width: 14%; vertical-align: top;">&#160;</td>
          <td rowspan="1" style="width: 13%; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 20.17%; vertical-align: top;">
            <div style="line-height: 1.25; font-weight: bold;">Item No. 2</div>
          </td>
          <td style="width: 40.47%; vertical-align: top;">
            <div style="text-align: justify; line-height: 1.25;">Approval of the re-election of each of Mr. Amos Malka, Mr. Ron Ben Haim, Mr. Amiram Boehm and Ms. Dafna Gruber (Independent Director), to serve as Directors of the Company each to hold office
              until our next Annual Meeting of Shareholders<font style="font-weight: bold;">.</font></div>
          </td>
          <td style="width: 13%; vertical-align: top;">&#160;</td>
          <td style="width: 14%; vertical-align: top;">&#160;</td>
          <td style="width: 13%; vertical-align: top;">&#160;</td>
        </tr>

    </table>
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    <div><br>
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    <div>
      <table cellspacing="0" cellpadding="0" border="0" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;" id="zd33c09bb207f4b2e835dc5ef24301563">

          <tr>
            <td rowspan="1" style="width: 20.17%; vertical-align: top;">&#160;</td>
            <td rowspan="1" style="width: 40.47%; vertical-align: top;">
              <div style="text-align: justify; line-height: 1.25; font-weight: bold;">VOTE FOR EACH DIRECTOR SEPARATELY.</div>
            </td>
            <td rowspan="1" style="vertical-align: top; width: 13%;">&#160;</td>
            <td rowspan="1" style="vertical-align: top; width: 14%;">&#160;</td>
            <td rowspan="1" style="vertical-align: top; width: 13%;">&#160;</td>
          </tr>
          <tr>
            <td rowspan="1" style="width: 20.17%; vertical-align: top;">&#160;</td>
            <td rowspan="1" style="width: 40.47%; vertical-align: top;">&#160;</td>
            <td rowspan="1" style="background-color: rgb(217, 217, 217); vertical-align: top; width: 13%;">
              <div style="text-align: center; line-height: 1.25;">FOR</div>
            </td>
            <td rowspan="1" style="background-color: rgb(217, 217, 217); vertical-align: top; width: 14%;">
              <div style="text-align: center; line-height: 1.25;">AGAINST</div>
            </td>
            <td rowspan="1" style="background-color: rgb(217, 217, 217); vertical-align: top; width: 13%;">
              <div style="text-align: center; line-height: 1.25;">ABSTAIN</div>
            </td>
          </tr>
          <tr>
            <td rowspan="1" style="width: 20.17%; vertical-align: top;">&#160;</td>
            <td rowspan="1" style="width: 40.47%; vertical-align: top;">
              <div style="line-height: 1.25;">I.&#160; Mr. Amos Malka</div>
            </td>
            <td rowspan="1" style="width: 13%; vertical-align: top; text-align: center;">&#9744;</td>
            <td rowspan="1" style="width: 14%; vertical-align: top; text-align: center;">&#9744;</td>
            <td rowspan="1" style="width: 13%; vertical-align: top; text-align: center;">&#9744;<br>
            </td>
          </tr>
          <tr>
            <td rowspan="1" style="width: 20.17%; vertical-align: top;">&#160;</td>
            <td rowspan="1" style="width: 40.47%; vertical-align: top;">
              <div style="line-height: 1.25;">II. Mr. Ron Ben Haim</div>
            </td>
            <td rowspan="1" style="width: 13%; vertical-align: top; text-align: center;">&#9744;</td>
            <td rowspan="1" style="width: 14%; vertical-align: top; text-align: center;">&#9744;</td>
            <td rowspan="1" style="width: 13%; vertical-align: top; text-align: center;">&#9744;</td>
          </tr>
          <tr>
            <td style="width: 20.17%; vertical-align: top;">
              <div style="line-height: 1.25; font-weight: bold;"><br>
              </div>
            </td>
            <td style="width: 40.47%; vertical-align: top;">
              <div style="text-align: justify; line-height: 1.25;">
                <div style="text-align: left; line-height: 1.25;">III Mr. Amiram Boehm</div>
              </div>
            </td>
            <td style="width: 13%; vertical-align: top; text-align: center;">&#9744;</td>
            <td style="width: 14%; vertical-align: top; text-align: center;">&#9744;</td>
            <td style="width: 13%; vertical-align: top; text-align: center;">&#9744;</td>
          </tr>
          <tr>
            <td rowspan="1" style="width: 20.17%; vertical-align: top;">&#160;</td>
            <td rowspan="1" style="width: 40.47%; vertical-align: top;">
              <div style="line-height: 1.25;">IV Ms. Dafna Gruber</div>
            </td>
            <td rowspan="1" style="width: 13%; vertical-align: top; text-align: center;">&#9744;</td>
            <td rowspan="1" style="width: 14%; vertical-align: top; text-align: center;">&#9744;</td>
            <td rowspan="1" style="width: 13%; vertical-align: top; text-align: center;">&#9744;</td>
          </tr>

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

          <tr>
            <td rowspan="1" style="width: 20.17%; vertical-align: top;">
              <div style="line-height: 1.25; font-weight: bold;">
                <div style="text-align: justify; line-height: 1.25; font-weight: bold;">Item No. 3</div>
              </div>
            </td>
            <td rowspan="1" style="width: 40.47%; vertical-align: top;">
              <div style="text-align: justify; margin-right: 8.45pt; line-height: 1.25;">
                <div style="line-height: 1.25;">Renewing the company's compensation policy for an additional three (3) years under the current principles, terms and conditions except amendment to the terms of our D&amp;O policy.</div>
              </div>
            </td>
            <td rowspan="1" style="width: 13%; vertical-align: top;">&#160;</td>
            <td rowspan="1" style="width: 14%; vertical-align: top;">&#160;</td>
            <td rowspan="1" style="width: 13%; vertical-align: top;">&#160;</td>
          </tr>
          <tr>
            <td rowspan="1" style="width: 20.17%; vertical-align: top;">&#160;</td>
            <td rowspan="1" style="width: 40.47%; vertical-align: top;">&#160;</td>
            <td rowspan="1" style="background-color: rgb(217, 217, 217); vertical-align: top; width: 13%;">
              <div style="text-align: center; line-height: 1.25;">FOR</div>
            </td>
            <td rowspan="1" style="background-color: rgb(217, 217, 217); vertical-align: top; width: 14%;">
              <div style="text-align: center; line-height: 1.25;">AGAINST</div>
            </td>
            <td rowspan="1" style="background-color: rgb(217, 217, 217); vertical-align: top; width: 13%;">
              <div style="text-align: center; line-height: 1.25;">ABSTAIN</div>
            </td>
          </tr>
          <tr>
            <td rowspan="1" style="width: 20.17%; vertical-align: top;">&#160;</td>
            <td rowspan="1" style="width: 40.47%; vertical-align: top;">&#160;</td>
            <td rowspan="1" style="width: 13%; vertical-align: top; text-align: center;">&#9744;</td>
            <td rowspan="1" style="width: 14%; vertical-align: top; text-align: center;">&#9744;</td>
            <td rowspan="1" style="width: 13%; vertical-align: top; text-align: center;">&#9744;<br>
            </td>
          </tr>
          <tr>
            <td rowspan="1" style="width: 20.17%; vertical-align: top;">&#160;</td>
            <td rowspan="1" style="width: 40.47%; vertical-align: top;">&#160;</td>
            <td rowspan="1" style="width: 13%; vertical-align: top;">&#160;</td>
            <td rowspan="1" style="width: 14%; vertical-align: top;">&#160;</td>
            <td rowspan="1" style="width: 13%; vertical-align: top;">&#160;</td>
          </tr>
          <tr>
            <td rowspan="1" style="width: 20.17%; vertical-align: top;">&#160;</td>
            <td colspan="1" rowspan="2" style="width: 40.47%; vertical-align: top;">
              <div style="text-align: justify; line-height: 1.25;">
                <div style="margin-right: 8.45pt; line-height: 1.25;"><font style="font-weight: bold;">Are you the Controlling shareholder of the Company or do you have a Personal Interest in the approval of the Item No. 3?</font> (<u>Please note:</u>
                  If you do not mark either Yes or No, your shares will not be voted for Item No. 3).</div>
              </div>
            </td>
            <td rowspan="1" style="background-color: rgb(217, 217, 217); vertical-align: middle; width: 13%; text-align: center;">
              <div style="line-height: 1.25;">YES</div>
            </td>
            <td rowspan="1" style="background-color: rgb(217, 217, 217); vertical-align: middle; width: 14%; text-align: center;">
              <div style="line-height: 1.25;">NO</div>
            </td>
            <td rowspan="1" style="width: 13%; vertical-align: top;">&#160;</td>
          </tr>
          <tr>
            <td style="width: 20.17%; vertical-align: top;"><br>
            </td>
            <td style="width: 13%; vertical-align: top; text-align: center;">&#160;&#9744;</td>
            <td style="width: 14%; vertical-align: top; text-align: center;">&#9744;</td>
            <td style="width: 13%; vertical-align: top;">&#160;</td>
          </tr>

      </table>
      <div><br>
      </div>
    </div>
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                  <div style="line-height: 1.25; font-weight: bold;">Item No. 4</div>
                </div>
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              <td rowspan="1" style="width: 40.47%; vertical-align: top;">
                <div style="text-align: justify; margin-right: 8.45pt; line-height: 1.25;">
                  <div style="line-height: 1.25;">
                    <div style="margin-right: 8.45pt; line-height: 1.25; font-family: 'Times New Roman',Times,serif;">Approval of the re-election of Mr. Abraham Shani to serve as an external director in the Company for an additional three (3) years term
                      commencing on the date of his election at the meeting and approval of his recompense.</div>
                  </div>
                </div>
              </td>
              <td rowspan="1" style="width: 13%; vertical-align: top;">&#160;</td>
              <td rowspan="1" style="width: 14%; vertical-align: top;">&#160;</td>
              <td rowspan="1" style="width: 13%; vertical-align: top;">&#160;</td>
            </tr>
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              <td rowspan="1" style="width: 20.17%; vertical-align: top;">&#160;</td>
              <td rowspan="1" style="width: 40.47%; vertical-align: top;">&#160;</td>
              <td rowspan="1" style="background-color: rgb(217, 217, 217); vertical-align: top; width: 13%;">
                <div style="text-align: center; line-height: 1.25;">FOR</div>
              </td>
              <td rowspan="1" style="background-color: rgb(217, 217, 217); vertical-align: top; width: 14%;">
                <div style="text-align: center; line-height: 1.25;">AGAINST</div>
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              <td rowspan="1" style="background-color: rgb(217, 217, 217); vertical-align: top; width: 13%;">
                <div style="text-align: center; line-height: 1.25;">ABSTAIN</div>
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              <td rowspan="1" style="width: 20.17%; vertical-align: top;">&#160;</td>
              <td rowspan="1" style="width: 40.47%; vertical-align: top;">&#160;</td>
              <td rowspan="1" style="width: 13%; vertical-align: top; text-align: center;">&#9744;</td>
              <td rowspan="1" style="width: 14%; vertical-align: top; text-align: center;">&#9744;</td>
              <td rowspan="1" style="width: 13%; vertical-align: top; text-align: center;">&#9744;<br>
              </td>
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              <td rowspan="1" style="width: 20.17%; vertical-align: top;">&#160;</td>
              <td rowspan="1" style="width: 40.47%; vertical-align: top;">&#160;</td>
              <td rowspan="1" style="width: 13%; vertical-align: top;">&#160;</td>
              <td rowspan="1" style="width: 14%; vertical-align: top;">&#160;</td>
              <td rowspan="1" style="width: 13%; vertical-align: top;">&#160;</td>
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              <td colspan="1" rowspan="3" style="width: 40.47%; vertical-align: top;">
                <div style="text-align: justify; line-height: 1.25;">
                  <div style="margin-right: 8.45pt; line-height: 1.25;">
                    <div style="margin-right: 8.45pt; line-height: 1.25;"><font style="font-weight: bold;">Are you the Controlling shareholder of the Company or do you have a Personal Interest in the approval of the Item No. 4?</font> (<u>Please note</u>:
                      If you do not mark either Yes or No, your shares will not be voted for Item No. 4).</div>
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              <td rowspan="1" style="background-color: rgb(217, 217, 217); vertical-align: middle; width: 13%; text-align: center;">
                <div style="line-height: 1.25;">YES</div>
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                <div style="line-height: 1.25;">NO</div>
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              </td>
              <td style="width: 13%; vertical-align: top; text-align: center;">&#160;&#9744;</td>
              <td style="width: 14%; vertical-align: top; text-align: center;">&#9744;</td>
              <td style="width: 13%; vertical-align: top;">&#160;</td>
            </tr>
            <tr>
              <td style="width: 20.17%; vertical-align: top;" rowspan="1">&#160;</td>
              <td style="width: 13%; vertical-align: top; text-align: center;" rowspan="1">&#160;</td>
              <td style="width: 14%; vertical-align: top; text-align: center;" rowspan="1">&#160;</td>
              <td style="width: 13%; vertical-align: top;" rowspan="1">&#160;</td>
            </tr>

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    <div style="text-align: justify; line-height: 1.25;">Shareholders entitled to notice of and to vote at the meeting shall be determined as of the close of business on June 4, 2020, the record date fixed by the Board of Directors for such purpose.</div>
    <div style="line-height: 1.25;"><br style="line-height: 1.25;">
    </div>
    <div style="text-align: justify; line-height: 1.25;">The signer hereby revokes all previous proxies given by the signer to vote at the annual and special general meeting or any adjournments thereof.</div>
    <div style="line-height: 1.25;"><br style="line-height: 1.25;">
    </div>
    <div style="text-align: justify; line-height: 1.25;"><font style="font-weight: bold;">Signature _________</font>___ &#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; <font style="font-weight: bold;">Date _________ 2020.</font></div>
    <div style="line-height: 1.25">&#160;</div>
    <div style="text-align: justify; line-height: 1.25;"><font style="font-weight: bold;">Please sign exactly as your name(s) appears on the Proxy. If held in joint tenancy, the shareholder named first in the Company's register must sign. Trustees,
        Administrators, etc., should include title and authority. Corporations should provide full name of corporation and title of authorized officer signing the Proxy.</font>&#160;<font style="font-weight: bold;">PLEASE BE SURE TO RETURN THE ENTIRE PROXY
        ALONG WITH PROOF OF IDENTITY AS DESCRIBED IN THE COMPANY'S PROXY STATEMENT.</font></div>
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