<SEC-DOCUMENT>0001178913-25-001050.txt : 20250424
<SEC-HEADER>0001178913-25-001050.hdr.sgml : 20250424
<ACCEPTANCE-DATETIME>20250326170537
<PRIVATE-TO-PUBLIC>
ACCESSION NUMBER:		0001178913-25-001050
CONFORMED SUBMISSION TYPE:	DRS
PUBLIC DOCUMENT COUNT:		3
FILED AS OF DATE:		20250326
<PUBLIC-REL-DATE>20250424
DATE AS OF CHANGE:		20250326

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			TAT TECHNOLOGIES LTD
		CENTRAL INDEX KEY:			0000808439
		STANDARD INDUSTRIAL CLASSIFICATION:	AIRCRAFT ENGINES & ENGINE PARTS [3724]
		ORGANIZATION NAME:           	04 Manufacturing
		EIN:				000000000
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		DRS
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	377-07823
		FILM NUMBER:		25774187

	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>DRS
<SEQUENCE>1
<FILENAME>filename1.htm
<TEXT>
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  <div style="text-align: center; text-indent: 18pt; line-height: 1.25; font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">As confidentially submitted to the Securities and Exchange Commission on March 26, 2025. This draft registration
    statement has not </div>
  <div style="text-align: center; text-indent: 18pt; line-height: 1.25; font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">been publicly filed with the Securities and Exchange Commission and all information herein remains strictly
    confidential.</div>
  <div style="line-height: 1.25; font-family: 'Times New Roman'; font-size: 10pt;">&#160;</div>
  <div style="text-align: left; text-indent: 18pt; line-height: 1.25; font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">
    <div style="text-align: right;"><u>Registration No. 333&#8209;</u></div>
    <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;"></div>
  <div style="text-align: center; line-height: 1.25; font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;"> <br>
  </div>
  <div style="text-align: center; line-height: 1.25; font-family: 'Times New Roman'; font-size: 14pt; font-weight: bold;">UNITED STATES</div>
  <div style="text-align: center; line-height: 1.25; font-family: 'Times New Roman'; 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'; font-size: 10pt; font-weight: bold;"><u>WASHINGTON, D.C. 20549</u></div>
  <div style="text-align: center; line-height: 1.25; font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;"><u> <br>
    </u></div>
  <div style="text-align: center; line-height: 1.25; font-family: 'Times New Roman'; font-size: 14pt; font-weight: bold;">FORM F&#8209;3</div>
  <div style="text-align: left; line-height: 1.25; font-family: 'Times New Roman',Times,serif; font-size: 10pt; font-weight: 400;"> <br>
  </div>
  <div style="text-align: center; line-height: 1.25; font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">REGISTRATION STATEMENT</div>
  <div style="text-align: center; line-height: 1.25; font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; font-weight: bold;">UNDER</div>
  <div style="text-align: center; line-height: 1.25; font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; font-weight: bold;"><u>THE SECURITIES ACT OF 1933</u></div>
  <div style="text-align: center; line-height: 1.25; font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;"> <br>
  </div>
  <div style="text-align: center; line-height: 1.25; font-family: 'Times New Roman'; font-size: 16pt; font-weight: bold;">TAT TECHNOLOGIES LTD.</div>
  <div style="text-align: center; line-height: 1.25; font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">(<u>Exact Name of Registrant as Specified in its Charter</u>)</div>
  <div style="line-height: 1.25; font-family: 'Times New Roman'; font-size: 10pt;">&#160;</div>
  <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;" id="z168e5096b3514db48eba5b1fcfd0d7c2">

      <tr>
        <td style="width: 33.33%; vertical-align: top; font-family: 'Times New Roman';">
          <div style="text-align: center; line-height: 1.25; font-weight: bold;">State of Israel<br>
            (State or Other Jurisdiction of Incorporation or Organization)</div>
        </td>
        <td colspan="2" style="width: 33.34%; vertical-align: top;">
          <div style="text-align: center; line-height: 1.25; font-family: 'Times New Roman'; font-weight: bold;">TAT Technologies Ltd.</div>
          <div style="text-align: center; line-height: 1.25; font-family: 'Times New Roman'; font-weight: bold;">5 Hamelacha St.</div>
          <div style="text-align: center; line-height: 1.25; font-family: 'Times New Roman'; font-weight: bold;">Netanya, Israel 4250540</div>
          <div style="text-align: center; line-height: 1.25; font-family: 'Times New Roman'; font-weight: bold;">Tel: +972&#8209;8&#8209;8628500</div>
        </td>
        <td style="width: 33.34%; vertical-align: top; font-family: 'Times New Roman';">
          <div style="text-align: center; line-height: 1.25; font-weight: bold;">Not Applicable<br>
            (I.R.S. Employer<br>
            Identification No.)</div>
        </td>
      </tr>
      <tr>
        <td colspan="4" style="width: 100%; vertical-align: top; font-family: 'Times New Roman';">
          <div style="text-align: center; line-height: 1.25; color: rgb(35, 31, 32);">(Address, including zip code, and telephone number, including area code, of Registrant&#8217;s principal executive offices)</div>
        </td>
      </tr>
      <tr>
        <td style="width: 33.33%; vertical-align: top; font-family: 'Times New Roman';">&#160;</td>
        <td colspan="2" style="width: 33.34%; vertical-align: top;">
          <div style="text-align: center; line-height: 1.25; font-family: 'Times New Roman',serif; font-size: 8pt; font-weight: bold;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"><br>
              Piedmont Aviation Component Services LLC</font></div>
          <div style="text-align: center; line-height: 1.25; font-family: 'Times New Roman'; font-weight: bold;">9335 Harris Corners Parkway</div>
          <div style="text-align: center; line-height: 1.25; font-family: 'Times New Roman'; font-weight: bold;">Charlotte, NC 28269</div>
          <div style="text-align: center; line-height: 1.25; font-family: 'Times New Roman'; font-weight: bold;">Tel: 704-910-2215</div>
        </td>
        <td style="width: 33.34%; vertical-align: top; font-family: 'Times New Roman';">&#160;</td>
      </tr>
      <tr>
        <td colspan="4" style="border-bottom: 1px solid #000000; vertical-align: top; width: 100%; font-family: 'Times New Roman';">
          <div style="text-align: center; line-height: 1.25;">(Name, address, including zip code, and telephone number, including area code, of agent for service)</div>
        </td>
      </tr>
      <tr>
        <td colspan="4" style="vertical-align: top; width: 100%; font-family: 'Times New Roman';" rowspan="1">&#160;</td>
      </tr>
      <tr>
        <td style="width: 33.33%; vertical-align: top; font-family: 'Times New Roman';">&#160;</td>
        <td colspan="2" style="width: 33.34%; vertical-align: top; font-family: 'Times New Roman';">
          <div style="text-align: center; line-height: 1.25; font-style: italic; font-weight: bold;">Copies to:</div>
        </td>
        <td style="width: 33.34%; vertical-align: top; font-family: 'Times New Roman';">&#160;</td>
      </tr>
      <tr>
        <td rowspan="1" style="width: 33.33%; vertical-align: top; font-family: 'Times New Roman';">&#160;</td>
        <td rowspan="1" colspan="2" style="width: 33.34%; vertical-align: top; font-family: 'Times New Roman';">&#160;</td>
        <td rowspan="1" style="width: 33.34%; vertical-align: top; font-family: 'Times New Roman';">&#160;</td>
      </tr>
      <tr>
        <td colspan="2" style="width: 49.99%; vertical-align: top;">
          <div style="text-align: center; line-height: 1.25; font-family: 'Times New Roman'; font-weight: bold;">Tuvia J. Geffen, Adv.</div>
          <div style="text-align: center; line-height: 1.25; font-family: 'Times New Roman'; font-weight: bold;">Idan Lidor, Adv.</div>
          <div style="text-align: center; line-height: 1.25; font-family: 'Times New Roman'; font-weight: bold;">Shachar Hananel, Adv.</div>
          <div style="text-align: center; line-height: 1.25; font-family: 'Times New Roman'; font-weight: bold;">Naschitz, Brandes, Amir &amp; Co.</div>
          <div style="text-align: center; line-height: 1.25; font-family: 'Times New Roman'; font-weight: bold;">5 Tuval Street<br>
            Tel-Aviv 6789717, Israel<br>
            Tel: +972 3-623-5000</div>
        </td>
        <td colspan="2" style="width: 50.01%; vertical-align: top;">
          <div style="text-align: center; line-height: 1.25; font-family: 'Times New Roman'; font-weight: bold;">Steven J. Glusband, Esq.</div>
          <div style="text-align: center; line-height: 1.25; font-family: 'Times New Roman'; font-weight: bold;">Guy Ben-Ami, Esq.</div>
          <div style="text-align: center; line-height: 1.25; font-family: 'Times New Roman'; font-weight: bold;">Carter Ledyard &amp; Milburn LLP</div>
          <div style="text-align: center; line-height: 1.25; font-family: 'Times New Roman'; font-weight: bold;">28 Liberty St. 41<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">st</sup> Floor </div>
          <div style="text-align: center; line-height: 1.25; font-family: 'Times New Roman'; font-weight: bold;">New York, NY 10005</div>
          <div style="text-align: center; line-height: 1.25; font-family: 'Times New Roman'; font-weight: bold;">Tel: 212-238-8658</div>
          <div style="line-height: 1.25;"><br style="line-height: 1.25;">
          </div>
        </td>
      </tr>

  </table>
  <div> <br>
  </div>
  <div style="text-align: left; text-indent: 18pt; line-height: 1.25; font-family: 'Times New Roman'; font-size: 10pt;">Approximate date of commencement of proposed sale to the public: From time to time after the effectiveness of this registration
    statement.</div>
  <div style="text-align: left; text-indent: 18pt; line-height: 1.25; font-family: 'Times New Roman'; font-size: 10pt;"> <br>
  </div>
  <div style="text-align: left; text-indent: 18pt; line-height: 1.25; font-family: 'Times New Roman'; font-size: 10pt;">If only securities being registered on this Form are being offered pursuant to dividend or interest reinvestment plans, please check the
    following box. &#9744;</div>
  <div style="text-align: left; text-indent: 18pt; line-height: 1.25; font-family: 'Times New Roman'; font-size: 10pt;"> <br>
  </div>
  <div style="text-align: left; text-indent: 18pt; line-height: 1.25; font-family: 'Times New Roman'; font-size: 10pt;">If any of the securities being registered on this Form are to be offered on a delayed or continuous basis pursuant to Rule 415 under the
    Securities Act of 1933, check the following box.&#160; &#9746;</div>
  <div style="text-align: left; text-indent: 18pt; line-height: 1.25; font-family: 'Times New Roman'; font-size: 10pt;"> <br>
  </div>
  <div style="text-align: left; text-indent: 18pt; line-height: 1.25; font-family: 'Times New Roman'; font-size: 10pt;">If this Form is filed to register additional securities for an offering pursuant to Rule 462(b) under the Securities Act, please check
    the following box and list the Securities Act registration statement number of the earlier effective registration statement for the same offering. &#9744;</div>
  <div style="text-align: left; text-indent: 18pt; line-height: 1.25; font-family: 'Times New Roman'; font-size: 10pt;"> <br>
  </div>
  <div style="text-align: left; text-indent: 18pt; line-height: 1.25; font-family: 'Times New Roman'; font-size: 10pt;">If this Form is a post&#8209;effective amendment filed pursuant to Rule 462(c) under the Securities Act, check the following box and list the
    Securities Act registration statement number of the earlier effective registration statement for the same offering. &#9744;</div>
  <div style="text-align: left; text-indent: 18pt; line-height: 1.25; font-family: 'Times New Roman'; font-size: 10pt;"> <br>
  </div>
  <div style="text-align: left; text-indent: 18pt; line-height: 1.25; color: rgb(35, 31, 32); font-family: 'Times New Roman'; font-size: 10pt;">If this Form is a registration statement pursuant to General Instruction I.C. or a post&#8209;effective amendment
    thereto that shall become effective upon filing with the Commission pursuant to Rule 462(e) under the Securities Act, check the following box. &#9744;</div>
  <div style="text-align: left; text-indent: 18pt; line-height: 1.25; color: rgb(35, 31, 32); font-family: 'Times New Roman'; font-size: 10pt;"> <br>
  </div>
  <div style="text-align: left; text-indent: 18pt; line-height: 1.25; font-family: 'Times New Roman'; font-size: 10pt;">If this Form is a post&#8209;effective amendment to a registration statement filed pursuant to General Instruction I.C. filed to register
    additional securities or additional classes of securities pursuant to Rule 413(b) under the Securities Act, check the following box. &#9744;</div>
  <div style="text-align: left; text-indent: 18pt; line-height: 1.25; font-family: 'Times New Roman'; font-size: 10pt;"> <br>
  </div>
  <div style="text-align: left; text-indent: 18pt; line-height: 1.25; font-family: 'Times New Roman'; font-size: 10pt;">Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933.<br>
  </div>
  <div style="text-align: left; text-indent: 18pt; line-height: 1.25; font-family: 'Times New Roman'; font-size: 10pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</div>
  <div style="text-align: left; text-indent: 18pt; line-height: 1.25; font-family: 'Times New Roman'; font-size: 10pt;">Emerging growth company. &#9744;<br>
    <br>
  </div>
  <div style="text-align: left; text-indent: 18pt; line-height: 1.25; font-family: 'Times New Roman'; font-size: 10pt;">If an emerging growth company that prepares its financial statements in accordance with U.S. GAAP, indicate by check mark if the
    registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards&#8224; provided pursuant to Section 7(a)(2)(B) of the Securities Act. &#9744;</div>
  <div style="text-align: left; text-indent: 18pt; line-height: 1.25; font-family: 'Times New Roman'; font-size: 10pt;"> <br>
  </div>
  <div style="text-align: left; text-indent: 18pt; line-height: 1.25; font-family: 'Times New Roman'; font-size: 10pt;">&#8224; The term &#8220;new or revised financial accounting standard&#8221; refers to any update issued by the Financial Accounting Standards Board to its
    Accounting Standards Codification after April 5, 2012.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</div>
  <div style="text-align: left; text-indent: 18pt; line-height: 1.25; font-family: 'Times New Roman'; font-size: 10pt;"> <br>
  </div>
  <div style="text-align: center; line-height: 1.25; font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;"> ____________________________<br>
  </div>
  <div style="text-align: center; line-height: 1.25; font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">__________________<br>
    <br>
  </div>
  <div style="text-align: left; line-height: 1.25; font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">The Registrant hereby amends this Registration Statement on such date or dates as may be necessary to delay its effective date until the
    Registrant shall file a further amendment which specifically states that this Registration Statement shall thereafter become effective in accordance with Section 8(a) of the Securities Act of 1933 or until this Registration Statement shall become
    effective on such date as the Securities and Exchange Commission (the &#8220;SEC&#8221;), acting pursuant to said Section 8(a), may determine.</div>
  <div class="BRPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
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      <hr noshade="noshade" style="border-width: 0px; clear: both; margin: 4px 0px; width: 100%; height: 2px; color: #000000; background-color: #000000;"></div>
  </div>
  <div style="text-align: left; line-height: 1.25; font-family: 'Times New Roman'; font-size: 10pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<br style="line-height: 1.25;">
  </div>
  <div style="text-align: left; line-height: 1.25; font-family: 'Times New Roman'; font-size: 10pt;">
    <div style="line-height: 1.25; color: rgb(255, 255, 255); font-weight: bold; font-size: 1pt;">The information contained in this prospectus is not complete and may be changed. These securities may not be sold until the registration statement filed with
      the Securities and Exchange Commission is effective. This prospectus is not an offer to sell these securities and it is not soliciting an offer to buy these securities in any state where the offer or sale is not permitted.</div>
  </div>
  <div style="text-align: left; line-height: 1.25; font-family: 'Times New Roman',Times,serif; font-size: 10pt;">
    <table cellspacing="0" cellpadding="0" border="0" id="z6971f58800f74b4b9d7ab407bc9245e3" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; color: #000000; width: 100%;">

        <tr>
          <td style="width: 5%;">
            <div>&#160;<img src="image00001.jpg"></div>
          </td>
          <td style="width: 95%;">
            <div>
              <div style="text-align: center; line-height: 1.25; color: rgb(255, 0, 0); font-family: 'Times New Roman'; font-weight: bold;">SUBJECT TO COMPLETION, DATED MARCH 26, 2025</div>
              <div style="line-height: 1.25; font-family: 'Times New Roman';">&#160;</div>
              <div style="text-align: left; line-height: 1.25; font-family: 'Times New Roman'; font-weight: bold;">PRELIMINARY PROSPECTUS</div>
              <div style="line-height: 1.25; font-family: 'Times New Roman';">&#160;</div>
              <div style="text-align: center; line-height: 1.25; font-family: 'Times New Roman';"><img width="155" height="50" src="image0.jpg"></div>
              <div style="line-height: 1.25; font-family: 'Times New Roman';">&#160;</div>
              <div style="text-align: center; line-height: 1.25; font-family: 'Times New Roman'; font-weight: bold;">TAT TECHNOLOGIES LTD.</div>
              <div style="line-height: 1.25; font-family: 'Times New Roman';">&#160;</div>
              <div style="text-align: center; line-height: 1.25; font-family: 'Times New Roman'; font-weight: bold;">$70,000,000<br>
              </div>
              <div style="text-align: center; line-height: 1.25; font-family: 'Times New Roman'; font-weight: bold;">Ordinary Shares</div>
              <div style="text-align: center; line-height: 1.25; font-family: 'Times New Roman'; font-weight: bold;">Warrants<br>
                Debt Securities<br>
                Subscription Rights</div>
              <div style="text-align: center; line-height: 1.25; font-family: 'Times New Roman'; font-weight: bold;">Units</div>
              <div style="text-align: center; line-height: 1.25; font-family: 'Times New Roman'; font-weight: bold;"> _______________<br>
              </div>
              <div style="text-align: center; line-height: 1.25; font-family: 'Times New Roman'; font-weight: bold;"> <br>
              </div>
              <div style="text-align: center; line-height: 1.25; font-family: 'Times New Roman'; font-weight: bold;">2,905,202 Ordinary Shares<br>
                Offered by the Selling Shareholders</div>
              <div style="line-height: 1.25; font-family: 'Times New Roman';">&#160;</div>
              <div style="text-align: left; text-indent: 18pt; line-height: 1.25; font-family: 'Times New Roman';">This prospectus relates to the sale from time to time by TAT Technologies Ltd., a company organized under the laws of the State of Israel
                (&#8220;we&#8221;, &#8220;our&#8221;, the &#8220;Company&#8221; or &#8220;TAT&#8221;) of up to $70,000,000 of ordinary shares, no par value per share (&#8220;ordinary shares&#8221;), warrants to purchase ordinary shares or debt securities, debt securities, subscription rights or any combination of
                the above, separately or as units (collectively, the &#8220;securities&#8221;).</div>
              <div style="line-height: 1.25; font-family: 'Times New Roman';">&#160;</div>
              <div style="text-align: left; text-indent: 18pt; line-height: 1.25; font-family: 'Times New Roman';">In addition, the selling shareholders named in this prospectus or their transferees may offer, from time to time, and sell up to a total of
                2,905,202 ordinary shares (the &#8220;Selling Shareholder Offering&#8221;).&#160; We will not receive any proceeds from the Selling Shareholder Offering.&#160; See &#8220;Selling Shareholders.&#8221;</div>
              <div style="line-height: 1.25; font-family: 'Times New Roman';">&#160;</div>
              <div style="text-align: left; text-indent: 18pt; line-height: 1.25; font-family: 'Times New Roman';">This prospectus provides you with a general description of the securities. Each time we or a selling shareholder offer and sell securities,
                we will provide a supplement to this prospectus that contains specific information about the offering and the amounts, prices and terms of the securities.</div>
              <div style="line-height: 1.25; font-family: 'Times New Roman';">&#160;</div>
              <div style="text-align: left; text-indent: 18pt; line-height: 1.25; font-family: 'Times New Roman';">We may, from time to time, offer the securities and selling shareholders may, from time to time, offer the ordinary shares through public or
                private transactions, directly or through underwriters, agents or dealers, on or off the Nasdaq Stock Market at prevailing market prices or at privately negotiated prices. If any underwriters, agents or dealers are involved in the sale of
                any of these securities, the applicable prospectus supplement will set forth the names of the underwriter, agent or dealer and any applicable fees, commissions or discounts. The prospectus supplement for each offering of securities will
                describe in detail the plan of distribution for that offering.&#160; No securities may be sold without delivery of this prospectus and the applicable prospectus supplement describing the method and terms of the offering of such securities. See
                the sections of this prospectus entitled &#8220;<font style="font-style: italic;">About this Prospectus</font>&#8221; and &#8220;<font style="font-style: italic;">Plan of Distribution</font>&#8221; for more information.</div>
              <div style="line-height: 1.25; font-family: 'Times New Roman';">&#160;</div>
              <div style="text-align: left; text-indent: 18pt; line-height: 1.25; font-family: 'Times New Roman';">Our ordinary shares are listed on the Nasdaq Stock Market LLC under the trading symbol &#8220;TATT&#8221; and on the Tel Aviv Stock Exchange under the
                symbol &#8220;TATTC.&#8221; On March 25, 2025, the closing price for our ordinary shares on the Nasdaq Stock Market LLC was $25.69 per ordinary share.</div>
              <div style="line-height: 1.25; font-family: 'Times New Roman';">&#160;</div>
              <div style="text-align: left; text-indent: 18pt; line-height: 1.25; font-family: 'Times New Roman';">We may amend or supplement this prospectus from time to time by filing amendments or supplements as required. You should read this entire
                prospectus and any amendments or supplements carefully before you make your investment decision.</div>
              <div style="text-align: left; line-height: 1.25; font-family: 'Times New Roman';">
                <div style="text-align: center; line-height: 1.25; font-weight: bold;"> _______________<br>
                </div>
                <div style="text-align: center; line-height: 1.25; font-weight: bold;">&#160;</div>
              </div>
              <div style="text-align: left; text-indent: 18pt; line-height: 1.25; font-family: 'Times New Roman'; font-weight: bold;">Investing in our securities involves a high degree of risk. See &#8220;Risk Factors&#8221; beginning on page 6 of this prospectus and
                other risk factors contained in the documents incorporated by reference herein, including our Annual Report on Form 20&#8209;F for the year ended December 31, 2024, for a discussion of information that should be considered in connection with an
                investment in our securities.</div>
              <div style="line-height: 1.25; font-family: 'Times New Roman';">&#160;</div>
              <div style="text-align: left; text-indent: 18pt; line-height: 1.25; font-family: 'Times New Roman'; font-weight: bold;">Neither the Securities and Exchange Commission, the Israeli Securities Authority nor any state securities commission has
                approved or disapproved of these securities or determined if this prospectus is truthful or complete. Any representation to the contrary is a criminal offense.</div>
              <div style="text-align: left; line-height: 1.25; font-family: 'Times New Roman'; font-weight: bold;">
                <div style="text-align: center; line-height: 1.25; font-weight: bold;"> _______________<br>
                </div>
                <div style="text-align: center; line-height: 1.25; font-weight: bold;">&#160;</div>
                <div style="text-align: center; line-height: 1.25;">The date of this prospectus is&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;, 2025.</div>
              </div>
            </div>
          </td>
        </tr>

    </table>
  </div>
  <br>
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  </div>
  <div style="line-height: 1.25; font-family: 'Times New Roman'; font-size: 10pt;">&#160;</div>
  <div style="text-align: center; line-height: 1.25; font-family: 'Times New Roman', serif; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; color: rgb(35, 31, 32);">TABLE OF</font><font style="font-family: 'Times New Roman'; color: rgb(35, 31, 32);">&#160;</font><font style="font-family: 'Times New Roman'; font-weight: bold;">CONTENTS</font></div>
  <div style="line-height: 1.25; font-family: 'Times New Roman'; font-size: 10pt;">&#160;</div>
  <div style="line-height: 1.25; font-family: 'Times New Roman'; font-size: 10pt;">
    <div>
      <table cellspacing="0" cellpadding="0" border="0" id="z0969578f999c4bc7af8572798daf6368" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; color: #000000; width: 100%;">

          <tr>
            <td style="width: 95%;"><br>
            </td>
            <td style="width: 5%;">
              <div style="text-align: center; line-height: 1.25; font-family: 'Times New Roman'; font-weight: bold;">Page</div>
            </td>
          </tr>
          <tr>
            <td style="width: 95%;">
              <div style="text-align: left; text-indent: -10.8pt; margin-right: 35.3pt; margin-left: 10.8pt; line-height: 1.25; font-family: 'Times New Roman';"><a href="#ABOUTTHISPROSPECTUS">ABOUT THIS PROSPECTUS</a></div>
            </td>
            <td style="width: 5%; text-align: center;">1<br>
            </td>
          </tr>
          <tr>
            <td style="width: 95%;"><br>
            </td>
            <td style="width: 5%;"><br>
            </td>
          </tr>
          <tr>
            <td style="width: 95%;">
              <div style="text-align: left; text-indent: -10.8pt; margin-right: 35.3pt; margin-left: 10.8pt; line-height: 1.25; font-family: 'Times New Roman';"><a href="#WHEREYOUCANFINDMORE">WHERE YOU CAN FIND MORE INFORMATION; INCORPORATION OF
                  INFORMATION BY REFERENCE</a></div>
            </td>
            <td style="width: 5%; text-align: center;">2<br>
            </td>
          </tr>
          <tr>
            <td style="width: 95%;"><br>
            </td>
            <td style="width: 5%;"><br>
            </td>
          </tr>
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            <td style="width: 95%;">
              <div style="text-align: left; text-indent: -10.8pt; margin-right: 35.3pt; margin-left: 10.8pt; line-height: 1.25; font-family: 'Times New Roman';"><a href="#CAUTIONARYSTATEMENTREGARD">CAUTIONARY STATEMENT REGARDING FORWARD&#8209;LOOKING STATEMENTS</a></div>
            </td>
            <td style="width: 5%; text-align: center;">3<br>
            </td>
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            <td style="width: 95%;"><br>
            </td>
            <td style="width: 5%;"><br>
            </td>
          </tr>
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            <td style="width: 95%;">
              <div style="text-align: left; text-indent: -10.8pt; margin-right: 35.3pt; margin-left: 10.8pt; line-height: 1.25; font-family: 'Times New Roman';"><a href="#THECOMPANY">THE COMPANY</a></div>
            </td>
            <td style="width: 5%; text-align: center;">4<br>
            </td>
          </tr>
          <tr>
            <td style="width: 95%;"><br>
            </td>
            <td style="width: 5%;"><br>
            </td>
          </tr>
          <tr>
            <td style="width: 95%;">
              <div style="text-align: left; text-indent: -10.8pt; margin-right: 35.3pt; margin-left: 10.8pt; line-height: 1.25; font-family: 'Times New Roman';"><a href="#RISKFACTORS">RISK FACTORS</a></div>
            </td>
            <td style="width: 5%; text-align: center;">5<br>
            </td>
          </tr>
          <tr>
            <td style="width: 95%;"><br>
            </td>
            <td style="width: 5%;"><br>
            </td>
          </tr>
          <tr>
            <td style="width: 95%;">
              <div style="text-align: left; text-indent: -10.8pt; margin-right: 35.3pt; margin-left: 10.8pt; line-height: 1.25; font-family: 'Times New Roman';"><a href="#USEOFPROCEEDS">USE OF PROCEEDS</a></div>
            </td>
            <td style="width: 5%; text-align: center;">6<br>
            </td>
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            <td style="width: 95%;"><br>
            </td>
            <td style="width: 5%;"><br>
            </td>
          </tr>
          <tr>
            <td style="width: 95%;">
              <div style="text-align: left; text-indent: -10.8pt; margin-right: 35.3pt; margin-left: 10.8pt; line-height: 1.25; font-family: 'Times New Roman';"><a href="#DIVIDENDPOLICY">DIVIDEND POLICY</a></div>
            </td>
            <td style="width: 5%; text-align: center;">7<br>
            </td>
          </tr>
          <tr>
            <td style="width: 95%;"><br>
            </td>
            <td style="width: 5%;"><br>
            </td>
          </tr>
          <tr>
            <td rowspan="1" style="width: 95%;">
              <div style="text-align: left; text-indent: -10.8pt; margin-right: 35.3pt; margin-left: 10.8pt; line-height: 1.25; font-family: 'Times New Roman'; font-weight: bold;"><a href="#DESCRIPTIONOFORDINARYSHAR">DESCRIPTION OF ORDINARY SHARES</a></div>
            </td>
            <td rowspan="1" style="width: 5%; text-align: center;">8<br>
            </td>
          </tr>
          <tr>
            <td rowspan="1" style="width: 95%;"><br>
            </td>
            <td rowspan="1" style="width: 5%;"><br>
            </td>
          </tr>
          <tr>
            <td rowspan="1" style="width: 95%;">
              <div style="text-align: left; text-indent: -10.8pt; margin-right: 35.3pt; margin-left: 10.8pt; line-height: 1.25; font-family: 'Times New Roman';"><a href="#DESCRIPTIONOFDEBTSECURITI">DESCRIPTION OF DEBT SECURITIES</a></div>
            </td>
            <td rowspan="1" style="width: 5%; text-align: center;">9<br>
            </td>
          </tr>
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            <td rowspan="1" style="width: 95%;"><br>
            </td>
            <td rowspan="1" style="width: 5%;"><br>
            </td>
          </tr>
          <tr>
            <td rowspan="1" style="width: 95%;">
              <div style="text-align: left; text-indent: -10.8pt; margin-right: 35.3pt; margin-left: 10.8pt; line-height: 1.25; font-family: 'Times New Roman';"><a href="#DESCRIPTIONOFWARRANTS">DESCRIPTION OF WARRANTS</a></div>
            </td>
            <td rowspan="1" style="width: 5%; text-align: center;">17<br>
            </td>
          </tr>
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            <td rowspan="1" style="width: 95%;"><br>
            </td>
            <td rowspan="1" style="width: 5%;"><br>
            </td>
          </tr>
          <tr>
            <td rowspan="1" style="width: 95%;">
              <div style="text-align: left; text-indent: -10.8pt; margin-right: 35.3pt; margin-left: 10.8pt; line-height: 1.25; font-family: 'Times New Roman';"><a href="#DESCRIPTIONOFSUBSCRIPTION"><font style="font-weight: normal;">DESCRIPTION OF <font style="font-weight: bold;">SUBSCRIPTION RIGHTS</font></font></a></div>
            </td>
            <td rowspan="1" style="width: 5%; text-align: center;">18<br>
            </td>
          </tr>
          <tr>
            <td rowspan="1" style="width: 95%;">&#160;</td>
            <td rowspan="1" style="width: 5%;"><br>
            </td>
          </tr>
          <tr>
            <td rowspan="1" style="width: 95%;">
              <div style="text-align: left; text-indent: -10.8pt; margin-right: 35.3pt; margin-left: 10.8pt; line-height: 1.25; font-family: 'Times New Roman';"><a href="#DESCRIPTIONOFUNITS">DESCRIPTION OF UNITS</a></div>
            </td>
            <td rowspan="1" style="width: 5%; text-align: center;">19<br>
            </td>
          </tr>
          <tr>
            <td rowspan="1" style="width: 95%;">&#160;</td>
            <td rowspan="1" style="width: 5%;"><br>
            </td>
          </tr>
          <tr>
            <td rowspan="1" style="width: 95%;">
              <div style="text-align: left; text-indent: -10.8pt; margin-right: 35.3pt; margin-left: 10.8pt; line-height: 1.25; font-family: 'Times New Roman';"><a href="#GLOBALSECURITIES">GLOBAL SECURITIES</a></div>
            </td>
            <td rowspan="1" style="width: 5%; text-align: center;">20<br>
            </td>
          </tr>
          <tr>
            <td rowspan="1" style="width: 95%;">&#160;</td>
            <td rowspan="1" style="width: 5%;"><br>
            </td>
          </tr>
          <tr>
            <td rowspan="1" style="width: 95%;">
              <div style="text-align: left; text-indent: -10.8pt; margin-right: 35.3pt; margin-left: 10.8pt; line-height: 1.25; font-family: 'Times New Roman'; font-weight: bold;"><a href="#SELLINGSHAREHOLDERS">SELLING SHAREHOLDERS</a></div>
            </td>
            <td rowspan="1" style="width: 5%; text-align: center;">23<br>
            </td>
          </tr>
          <tr>
            <td rowspan="1" style="width: 95%;">&#160;</td>
            <td rowspan="1" style="width: 5%;"><br>
            </td>
          </tr>
          <tr>
            <td rowspan="1" style="width: 95%;">
              <div style="text-align: left; text-indent: -10.8pt; margin-right: 35.3pt; margin-left: 10.8pt; line-height: 1.25; font-family: 'Times New Roman';"><a href="#PLANOFDISTRIBUTION">PLAN OF DISTRIBUTION</a></div>
            </td>
            <td rowspan="1" style="width: 5%; text-align: center;">24<br>
            </td>
          </tr>
          <tr>
            <td rowspan="1" style="width: 95%;">&#160;</td>
            <td rowspan="1" style="width: 5%;"><br>
            </td>
          </tr>
          <tr>
            <td rowspan="1" style="width: 95%;">
              <div style="text-align: left; text-indent: -10.8pt; margin-right: 35.3pt; margin-left: 10.8pt; line-height: 1.25; font-family: 'Times New Roman';"><a href="#TAXATION">TAXATION</a></div>
            </td>
            <td rowspan="1" style="width: 5%; text-align: center;">27<br>
            </td>
          </tr>
          <tr>
            <td rowspan="1" style="width: 95%;"><br>
            </td>
            <td rowspan="1" style="width: 5%;"><br>
            </td>
          </tr>
          <tr>
            <td rowspan="1" style="width: 95%;">
              <div style="text-align: left; text-indent: -10.8pt; margin-right: 35.3pt; margin-left: 10.8pt; line-height: 1.25; font-family: 'Times New Roman';"><a href="#EXPENSES">EXPENSES</a></div>
            </td>
            <td rowspan="1" style="width: 5%; text-align: center;">28<br>
            </td>
          </tr>
          <tr>
            <td rowspan="1" style="width: 95%;"><br>
            </td>
            <td rowspan="1" style="width: 5%;"><br>
            </td>
          </tr>
          <tr>
            <td rowspan="1" style="width: 95%;">
              <div style="text-align: left; text-indent: -10.8pt; margin-right: 35.3pt; margin-left: 10.8pt; line-height: 1.25; font-family: 'Times New Roman';"><a href="#FOREIGNEXCHANGECONTROLSAN">FOREIGN EXCHANGE CONTROLS AND OTHER LIMITATIONS</a></div>
            </td>
            <td rowspan="1" style="width: 5%; text-align: center;">29<br>
            </td>
          </tr>
          <tr>
            <td rowspan="1" style="width: 95%;"><br>
            </td>
            <td rowspan="1" style="width: 5%;"><br>
            </td>
          </tr>
          <tr>
            <td rowspan="1" style="width: 95%;">
              <div style="text-align: left; text-indent: -10.8pt; margin-right: 35.3pt; margin-left: 10.8pt; line-height: 1.25; font-family: 'Times New Roman';"><a href="#EXPERTS">EXPERTS</a></div>
            </td>
            <td rowspan="1" style="width: 5%; text-align: center;">29<br>
            </td>
          </tr>
          <tr>
            <td rowspan="1" style="width: 95%;">&#160;</td>
            <td rowspan="1" style="width: 5%;"><br>
            </td>
          </tr>
          <tr>
            <td rowspan="1" style="width: 95%;">
              <div style="text-align: left; text-indent: -10.8pt; margin-right: 35.3pt; margin-left: 10.8pt; line-height: 1.25; font-family: 'Times New Roman';"><a href="#ENFORCEABILITYOFCIVILLIAB">ENFORCEABILITY OF CIVIL LIABILITIES AND AGENT FOR&#160; SERVICE
                  OF PROCESS IN THE UNITED STATES</a></div>
            </td>
            <td rowspan="1" style="width: 5%; text-align: center;">29<br>
            </td>
          </tr>
          <tr>
            <td rowspan="1" style="width: 95%;"><br>
            </td>
            <td rowspan="1" style="width: 5%;"><br>
            </td>
          </tr>
          <tr>
            <td rowspan="1" style="width: 95%;">
              <div style="text-align: left; text-indent: -10.8pt; margin-right: 35.3pt; margin-left: 10.8pt; line-height: 1.25; font-family: 'Times New Roman';"><a href="#AUTHORIZEDREPRESENTATIVE">AUTHORIZED REPRESENTATIVE</a></div>
            </td>
            <td rowspan="1" style="width: 5%; text-align: center;">30<br>
            </td>
          </tr>

      </table>
    </div>
    <br>
  </div>
  <div style="text-align: left; text-indent: 36pt; line-height: 1.25; font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">You should rely only on the information contained or incorporated by reference in this prospectus or any supplement.
    We have not authorized anyone else to provide you with different information. The securities offered by this prospectus are being offered only in jurisdictions where the offer is permitted. You should not assume that the information in this prospectus
    or any supplement is accurate as of any date other than the date on the front of each document. Our business, financial condition, results of operations and prospects may have changed since that date.</div>
  <div style="line-height: 1.25; font-family: 'Times New Roman'; font-size: 10pt;">&#160;</div>
  <div style="text-align: left; text-indent: 36pt; line-height: 1.25; font-family: 'Times New Roman'; font-size: 10pt;">Except as otherwise set forth in this prospectus, we have not taken any action to permit a public offering of these securities outside
    the United States or to permit the possession or distribution of this prospectus outside the United States. Persons outside the United States who come into possession of this prospectus must inform themselves about and observe any restrictions relating
    to the offering of these securities and the distribution of this prospectus outside the United States.</div>
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  </div>
  <!--PROfilePageNumberReset%Num%1%%%-->
  <div style="line-height: 1.25; font-family: 'Times New Roman'; font-size: 10pt;">&#160;</div>
  <div style="text-align: center; line-height: 1.25; font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;"><a name="ABOUTTHISPROSPECTUS"><!--Anchor--></a>ABOUT THIS PROSPECTUS</div>
  <div style="line-height: 1.25; font-family: 'Times New Roman'; font-size: 10pt;">&#160;</div>
  <div style="text-align: left; text-indent: 36pt; line-height: 1.25; font-family: 'Times New Roman'; font-size: 10pt;">This prospectus is part of a registration statement that we filed with the U.S. Securities and Exchange Commission (the &#8220;SEC&#8221;) utilizing
    a &#8220;shelf&#8221; registration process. By using a shelf registration statement, we may sell securities from time to time and in one or more offerings up to a total dollar amount of $70,000,000, and the selling shareholders may, from time to time, sell in one
    or more offerings, up to a total of 2,905,202 ordinary shares. Each time that we or a selling shareholder sell securities, we will provide a prospectus supplement to this prospectus that contains specific information about the securities being sold and
    the specific terms of that offering.&#160; We may also authorize one or more free writing prospectuses to be provided to you that may contain material information relating to these offerings.&#160; The prospectus supplement or free writing prospectus may also
    add, update or change information contained in this prospectus with respect to that offering.&#160; If there is any inconsistency between the information in this prospectus and the applicable prospectus supplement or free writing prospectus, you should rely
    on the prospectus supplement or free writing prospectus, as applicable.&#160; Before purchasing any securities, you should carefully read both this prospectus and the applicable prospectus supplement (and any applicable free writing prospectuses), together
    with the additional information described under the heading &#8220;<font style="font-style: italic;">Where You Can Find More Information; Incorporation by Reference</font>.&#8221;</div>
  <div style="line-height: 1.25; font-family: 'Times New Roman'; font-size: 10pt;">&#160;</div>
  <div style="text-align: left; text-indent: 36pt; line-height: 1.25; font-family: 'Times New Roman'; font-size: 10pt;">We have not authorized anyone to provide you with any information or to make any representations other than those contained in this
    prospectus, any applicable prospectus supplement or any free writing prospectuses prepared by or on behalf of us or to which we have referred you. We take no responsibility for, and can provide no assurance as to the reliability of, any other
    information that others may give you. Neither we nor the selling shareholders will make an offer to sell these securities in any jurisdiction where the offer or sale is not permitted. You should assume that the information appearing in this prospectus
    and the applicable prospectus supplement to this prospectus is accurate only as of the date on its respective cover, that the information appearing in any applicable free writing prospectus is accurate only as of the date of that free writing
    prospectus, and that any information incorporated by reference is accurate only as of the date of the document incorporated by reference, unless we indicate otherwise. Our business, financial condition, results of operations and prospects may have
    changed since those dates. This prospectus incorporates by reference, and any prospectus supplement or free writing prospectus may contain and incorporate by reference, market data and industry statistics and forecasts that are based on independent
    industry publications and other publicly available information.&#160; Although we believe these sources are reliable, we do not guarantee the accuracy or completeness of this information and we have not independently verified this information. In addition,
    the market and industry data and forecasts that may be included or incorporated by reference in this prospectus, any prospectus supplement or any applicable free writing prospectus may involve estimates, assumptions and other risks and uncertainties
    and are subject to change based on various factors, including those discussed under the heading &#8220;<font style="font-style: italic;">Risk Factors</font>&#8221; contained in this prospectus, the applicable prospectus supplement and any applicable free writing
    prospectus, and under similar headings in other documents that are incorporated by reference into this prospectus.&#160; Accordingly, investors should not place undue reliance on this information.</div>
  <div style="line-height: 1.25; font-family: 'Times New Roman'; font-size: 10pt;">&#160;</div>
  <div style="text-align: left; text-indent: 36pt; line-height: 1.25; font-family: 'Times New Roman'; font-size: 10pt;">&#160;We may, from time to time, offer the securities and selling shareholders may, from time to time, offer the ordinary shares through
    public or private transactions, directly or through underwriters, agents or dealers, on or off the Nasdaq Stock Market at prevailing market prices or at privately negotiated prices. If any underwriters, agents or dealers are involved in the sale of any
    of these securities, the applicable prospectus supplement will set forth the names of the underwriter, agent or dealer and any applicable fees, commissions or discounts. The prospectus supplement for each offering of securities will describe in detail
    the plan of distribution for that offering. See the sections of this prospectus entitled &#8220;<font style="font-style: italic;">About this Prospectus</font>&#8221; and &#8220;<font style="font-style: italic;">Plan of Distribution</font>&#8221; for more information.</div>
  <div style="line-height: 1.25; font-family: 'Times New Roman'; font-size: 10pt;">&#160;</div>
  <div style="text-align: left; text-indent: 36pt; line-height: 1.25; font-family: 'Times New Roman'; font-size: 10pt;">Throughout this prospectus, unless otherwise designated, the terms &#8220;we&#8221;, &#8220;us&#8221;, &#8220;our&#8221;, &#8220;TAT&#8221;, &#8220;the Company&#8221; and &#8220;our company&#8221; refer to
    TAT Technologies Ltd. The term &#8220;ordinary shares&#8221; refers to our ordinary shares, no par value.</div>
  <div style="line-height: 1.25; font-family: 'Times New Roman'; font-size: 10pt;">&#160;</div>
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    <div style="text-align: center;" class="BRPFPageNumberArea"><font style="font-family: 'Times New Roman',Times,serif; font-size: 10pt; color: rgb(0, 0, 0); font-weight: normal; font-style: normal;" class="BRPFPageNumber">1</font></div>
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  </div>
  <div style="line-height: 1.25; font-family: 'Times New Roman'; font-size: 10pt;">&#160;</div>
  <div style="text-align: center; line-height: 1.25; font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;"><a name="WHEREYOUCANFINDMORE"><!--Anchor--></a>WHERE YOU CAN FIND MORE INFORMATION; INCORPORATION OF INFORMATION BY </div>
  <div style="text-align: center; line-height: 1.25; font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">REFERENCE</div>
  <div style="text-align: left; line-height: 1.25; font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;"><br>
    Available Information</div>
  <div style="line-height: 1.25; font-family: 'Times New Roman'; font-size: 10pt;">&#160;</div>
  <div style="text-align: left; text-indent: 36pt; line-height: 1.25; font-family: 'Times New Roman'; font-size: 10pt;">We file reports, proxy statements and other information with the SEC.&#160; The SEC maintains a web site that contains reports, proxy and
    information statements and other information about issuers, such as us, who file electronically with the SEC.&#160; The address of that website is <font style="font-style: italic;">http://www.sec.gov</font>.</div>
  <div style="line-height: 1.25; font-family: 'Times New Roman'; font-size: 10pt;">&#160;</div>
  <div style="text-align: left; text-indent: 36pt; line-height: 1.25; font-family: 'Times New Roman'; font-size: 10pt;">Our web site address is <font style="color: rgb(0, 0, 255);"><u>www.tat-technologies.com</u></font>.&#160; The information on our web site,
    however, is not, and should not be deemed to be, a part of this prospectus.</div>
  <div style="line-height: 1.25; font-family: 'Times New Roman'; font-size: 10pt;">&#160;</div>
  <div style="text-align: left; text-indent: 36pt; line-height: 1.25; font-family: 'Times New Roman'; font-size: 10pt;">This prospectus and any prospectus supplement are part of a registration statement that we filed with the SEC and do not contain all of
    the information in the registration statement.&#160; The full registration statement may be obtained from the SEC or us, as provided below. Forms of the indenture and other documents establishing the terms of the offered securities are or may be filed as
    exhibits to the registration statement or documents incorporated by reference in the registration statement.&#160; Statements in this prospectus or any prospectus supplement about these documents are summaries and each statement is qualified in all respects
    by reference to the document to which it refers. You should refer to the actual documents for a more complete description of the relevant matters. You may inspect a copy of the registration statement through the SEC&#8217;s website, as provided above.</div>
  <div style="line-height: 1.25; font-family: 'Times New Roman'; font-size: 10pt;">&#160;</div>
  <div style="text-align: left; line-height: 1.25; font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">Incorporation by Reference</div>
  <div style="line-height: 1.25; font-family: 'Times New Roman'; font-size: 10pt;">&#160;</div>
  <div style="text-align: left; text-indent: 24.5pt; line-height: 1.25; font-family: 'Times New Roman'; font-size: 10pt;">The SEC&#8217;s rules allow us to &#8220;incorporate by reference&#8221; information into this prospectus, which means that we can disclose important
    information to you by referring you to another document filed separately with the SEC.&#160; The information incorporated by reference is deemed to be part of this prospectus, and subsequent information that we file with the SEC will automatically update
    and supersede that information.&#160; Any statement contained in this prospectus or a previously filed document incorporated by reference will be deemed to be modified or superseded for purposes of this prospectus to the extent that a statement contained in
    this prospectus or a subsequently filed document incorporated by reference modifies or replaces that statement.</div>
  <div style="line-height: 1.25; font-family: 'Times New Roman'; font-size: 10pt;">&#160;</div>
  <div style="text-align: left; text-indent: 36pt; line-height: 1.25; font-family: 'Times New Roman'; font-size: 10pt;">This prospectus and any accompanying prospectus supplement incorporate by reference the documents set forth below that have previously
    been filed with the SEC:</div>
  <div style="line-height: 1.25; font-family: 'Times New Roman'; font-size: 10pt;">&#160;</div>
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      <tr>
        <td style="width: 36pt; font-family: 'Times New Roman';"><br>
        </td>
        <td style="width: 18pt; vertical-align: top; font-family: 'Times New Roman';">&#8226;</td>
        <td style="width: auto; vertical-align: top; font-family: 'Times New Roman';">
          <div>the Company&#8217;s Annual Report on <a href="https://www.sec.gov/ix?doc=/Archives/edgar/data/808439/000117891325001046/zk2532883.htm">Form 20&#8209;F</a> for the year ended December 31, 2024 filed with the SEC on March 26, 2025 (the &#8220;Annual Report&#8221;);</div>
        </td>
      </tr>

  </table>
  <div style="line-height: 1.25; font-family: 'Times New Roman'; font-size: 10pt;">&#160;</div>
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      <tr>
        <td style="width: 36pt; font-family: 'Times New Roman';"><br>
        </td>
        <td style="width: 18pt; vertical-align: top; font-family: 'Times New Roman';">&#8226;</td>
        <td style="width: auto; vertical-align: top; font-family: 'Times New Roman';">
          <div>the Company&#8217;s Reports on Form 6-K furnished to the SEC on&#160;<a href="https://www.sec.gov/Archives/edgar/data/808439/000117891325000398/0001178913-25-000398-index.htm">February 11, 2025</a> and <a href="https://www.sec.gov/Archives/edgar/data/808439/000117891325000957/0001178913-25-000957-index.htm">March 20, 2025</a>; and</div>
        </td>
      </tr>

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  <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="z04241014e1794e689a5ad63145a2725d">

      <tr>
        <td style="width: 36pt; font-family: 'Times New Roman';"><br>
        </td>
        <td style="width: 18pt; vertical-align: top; font-family: 'Times New Roman';">&#8226;</td>
        <td style="width: auto; vertical-align: top; font-family: 'Times New Roman';">
          <div>the description of the Company&#8217;s ordinary shares contained in <a href="https://www.sec.gov/Archives/edgar/data/808439/000117891323001177/exhibit_2-1.htm">Exhibit 2.1</a> to our Annual Report, including any amendments or reports filed for
            the purpose of updating such description.</div>
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  </table>
  <div style="line-height: 1.25; font-family: 'Times New Roman'; font-size: 10pt;">&#160;</div>
  <div style="text-align: left; text-indent: 36pt; line-height: 1.25; font-family: 'Times New Roman'; font-size: 10pt;">All reports and other documents we subsequently file pursuant to Section 13(a), 13(c), 14 or 15(d) of the Securities Exchange Act of
    1934, as amended, which we refer to as the &#8220;Exchange Act&#8221; in this prospectus, prior to the termination of this offering, including all such documents we may file with the SEC after the date of the initial registration statement and prior to the
    effectiveness of the registration statement, but excluding any information furnished to, rather than filed with, the SEC, will also be incorporated by reference into this prospectus and deemed to be part of this prospectus from the date of the filing
    of such reports and documents.</div>
  <div style="line-height: 1.25; font-family: 'Times New Roman'; font-size: 10pt;">&#160;</div>
  <div style="line-height: 1.25; font-family: 'Times New Roman'; font-size: 10pt;">
    <div style="text-align: left; text-indent: 36pt; line-height: 1.25; color: rgb(0, 0, 0);">In addition, since we are also listed on the Tel Aviv Stock Exchange we submit copies of all our filings with the SEC to the Israeli Securities Authority and the
      Tel Aviv Stock Exchange. Such copies can be retrieved electronically through the Tel Aviv Stock Exchange&#8217;s internet messaging system (www.maya.tase.co.il) and, in addition through the MAGNA distribution site of the Israeli Securities Authority
      (www.magna.isa.gov.il).</div>
  </div>
  <div style="line-height: 1.25; font-family: 'Times New Roman'; font-size: 10pt;">&#160;</div>
  <div style="text-align: left; text-indent: 36pt; line-height: 1.25; font-family: 'Times New Roman'; font-size: 10pt;">You may request a free copy of any of the documents incorporated by reference in this prospectus by writing or telephoning us at the
    following address:</div>
  <div style="line-height: 1.25; font-family: 'Times New Roman'; font-size: 10pt;">&#160;</div>
  <div style="text-align: left; text-indent: 36pt; line-height: 1.25; font-family: 'Times New Roman'; font-size: 10pt;">TAT Technologies Ltd.</div>
  <div style="text-align: left; text-indent: 36pt; line-height: 1.25; font-family: 'Times New Roman'; font-size: 10pt;">5 Haemlacha St.</div>
  <div style="text-align: left; text-indent: 36pt; line-height: 1.25; font-family: 'Times New Roman'; font-size: 10pt;">Netanya, Israel 4250540</div>
  <div style="text-align: left; text-indent: 36pt; line-height: 1.25; font-family: 'Times New Roman'; font-size: 10pt;">Attention: Chief Financial Officer</div>
  <div style="line-height: 1.25; font-family: 'Times New Roman'; font-size: 10pt;">&#160;</div>
  <div style="text-align: left; text-indent: 36pt; line-height: 1.25; font-family: 'Times New Roman'; font-size: 10pt;">Exhibits to the filings will not be sent, however, unless those exhibits have specifically been incorporated by reference in this
    prospectus or any accompanying prospectus supplement.</div>
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  <div style="text-align: center; line-height: 1.25; font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;"><a name="CAUTIONARYSTATEMENTREGARD"><!--Anchor--></a>CAUTIONARY STATEMENT REGARDING FORWARD&#8209;LOOKING STATEMENTS</div>
  <div style="line-height: 1.25; font-family: 'Times New Roman'; font-size: 10pt;"><br style="line-height: 1.25;">
  </div>
  <div style="text-align: left; text-indent: 36pt; line-height: 1.25; font-family: 'Times New Roman'; font-size: 10pt;">This prospectus and the documents incorporated in it by reference contain forward-looking statements within the meaning of Section 27A
    of the Securities Act of 1933, as amended, or the Securities Act, Section 21E of the Securities Exchange Act of 1934, as amended, or the Exchange Act, and the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995, that are
    based on our management&#8217;s beliefs and assumptions and on information currently available to our management. Forward-looking statements include information concerning our possible or assumed future results of our business, financial condition, results
    of operations, liquidity, plans and objectives. Forward-looking statements include all statements that are not historical facts and in some cases can be identified by terminology such as &#8220;believe,&#8221; &#8220;may,&#8221; &#8220;estimate,&#8221; &#8220;continue,&#8221; &#8220;anticipate,&#8221; &#8220;intend,&#8221;
    &#8220;should,&#8221; &#8220;plan,&#8221; &#8220;expect,&#8221; &#8220;predict,&#8221; &#8220;potential,&#8221; or the negative of these terms or other similar expressions that convey uncertainty of future events or outcomes.</div>
  <div style="text-align: left; text-indent: 36pt; line-height: 1.25; font-family: 'Times New Roman'; font-size: 10pt;">&#160;</div>
  <div style="text-align: left; text-indent: 36pt; line-height: 1.25; font-family: 'Times New Roman'; font-size: 10pt;">Our ability to predict the results of our operations or the effects of various events on our operating results is inherently uncertain.
    Therefore, we caution you to consider carefully the matters described under the caption &#8220;<font style="font-style: italic;">Risk Factors</font>&#8221; and certain other matters discussed in this prospectus, the documents incorporated by reference in this
    prospectus, and other publicly available sources. Such factors and many other factors beyond the control of our management could cause our actual results, level of activity, performance or achievements to differ materially from any future results,
    level of activity, performance or achievements that may be expressed or implied by the forward-looking statements. We qualify all of our estimates and forward&#8209;looking statements by these cautionary statements. Factors that could cause actual results to
    differ from our expectations or projections include the risks and uncertainties relating to our business described in this prospectus under &#8220;Risk Factors&#8221; as well as those listed under &#8220;Item 3. Key Information &#8211; Risk Factors&#8221; in the Annual Report. We
    caution you to carefully consider these risks and not to place undue reliance on our forward&#8209;looking statements. Except as required by applicable law, including the securities laws of the United States, we do not intend to update or revise any
    forward&#8209;looking statements, whether as a result of new information, future events or otherwise, and we assume no responsibility for updating any forward&#8209;looking statements. Unless we are required to do so under U.S. federal securities laws or other
    applicable laws, we do not intend to update or revise any forward-looking statements.</div>
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  <div style="text-align: center; line-height: 1.25; font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;"><a name="THECOMPANY"><!--Anchor--></a>THE COMPANY</div>
  <div style="line-height: 1.25; font-family: 'Times New Roman'; font-size: 10pt;">&#160;</div>
  <div style="text-align: left; line-height: 1.25; font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">Overview</div>
  <div style="line-height: 1.25; font-family: 'Times New Roman'; font-size: 10pt;">&#160;</div>
  <div style="text-align: left; text-indent: 36pt; line-height: 1.25; font-family: 'Times New Roman'; font-size: 10pt;">We are a leading provider of solutions and services to the commercial and military aerospace and ground defense industries focused
    mainly on two product areas and services: Thermal Management and Power and Actuation. TAT operates under four business unit: (i) as an original equipment manufacturer (&#8220;OEM&#8221;) of heat transfer solutions and aviation accessories through its Kiryat Gat
    facility (TAT Israel); (ii) maintenance, repair and operations&#160; (&#8220;MRO&#8221;) services for heat transfer components and OEM of heat transfer solutions through its Limco subsidiary; (iii) MRO services for aviation components through its Piedmont subsidiary;
    and (iv) overhaul and coating of jet engine components through its Turbochrome subsidiary.</div>
  <div style="line-height: 1.25; font-family: 'Times New Roman'; font-size: 10pt;">&#160;</div>
  <div style="text-align: left; text-indent: 36pt; line-height: 1.25; font-family: 'Times New Roman'; font-size: 10pt;">TAT&#8217;s activities in the area of OEM of heat transfer solutions and aviation accessories through TAT Israel primarily include the design,
    development and manufacture of (i) a broad range of heat transfer solutions, such as pre-coolers heat exchangers and oil/fuel hydraulic heat exchangers, used in mechanical and electronic systems on board commercial, military and business aircraft; (ii)
    environmental control and power electronics cooling systems installed on board aircraft and ground applications; and (iii) a variety of other mechanical aircraft accessories and systems such as pumps, valves, and turbine power units.</div>
  <div style="line-height: 1.25; font-family: 'Times New Roman'; font-size: 10pt;">&#160;</div>
  <div style="text-align: left; text-indent: 36pt; line-height: 1.25; font-family: 'Times New Roman'; font-size: 10pt;">TAT&#8217;s activities in the area of MRO and OEM of heat transfer solutions include the MRO of heat transfer components and to a lesser
    extent, the manufacture of certain heat transfer solutions. TAT&#8217;s Limco subsidiary operates an FAA-certified repair station, which provides heat transfer MRO services for airlines, air cargo carriers, maintenance service centers and the military.</div>
  <div style="line-height: 1.25; font-family: 'Times New Roman'; font-size: 10pt;">&#160;</div>
  <div style="text-align: left; text-indent: 36pt; line-height: 1.25; font-family: 'Times New Roman'; font-size: 10pt;">TAT&#8217;s activities in the area of MRO services for aviation components include the MRO of auxiliary power units (&#8220;APUs&#8221;), landing gears
    and other aircraft components. TAT&#8217;s Piedmont subsidiary operates an FAA-certified repair station, which provides aircraft component MRO services for airlines, air cargo carriers, maintenance service centers and the military.</div>
  <div style="line-height: 1.25; font-family: 'Times New Roman'; font-size: 10pt;">&#160;</div>
  <div style="text-align: left; text-indent: 36pt; line-height: 1.25; font-family: 'Times New Roman'; font-size: 10pt;">TAT&#8217;s activities in the area of jet engine overhaul through its Turbochrome facility includes the overhaul and coating of jet engine
    components, including turbine vanes and blades, fan blades, variable inlet guide vanes and afterburner flaps.</div>
  <div style="line-height: 1.25; font-family: 'Times New Roman'; font-size: 10pt;">&#160;</div>
  <div style="text-align: left; line-height: 1.25; font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">Company Information</div>
  <div style="line-height: 1.25; font-family: 'Times New Roman'; font-size: 10pt;">&#160;</div>
  <div style="text-align: left; text-indent: 36pt; line-height: 1.25; font-family: 'Times New Roman'; font-size: 10pt;">We were incorporated in Israel under the Israeli Companies Law, 5759&#8209;1999 (the &#8220;Companies Law&#8221;), in April 1985 under the name Galaxy
    Graphics Ltd and changed our name to Galagraph Ltd. in August 1986 and to TAT Technologies Ltd. in May 1992. Our registered offices and principal place of business are located at 5 Hamelacha St., Netanya, Israel 4250540l, and our telephone number is
    +972-8-862-8500. Our website address is www.tat-technologies.com. Information contained on, or that can be accessed through, our website does not constitute a part of this prospectus and is not incorporated by reference herein. We have included our
    website address in this prospectus solely for informational purposes. The SEC maintains an Internet site that contains reports, proxy and information statements, and other information regarding issuers, such as we, that file electronically, with the
    SEC at www.sec.gov. Our agent for service of process in the United States is our subsidiary, Piedmont Aviation Component Services LLC, 9335 Harris Corners Parkway, Charlotte, NC 28269.</div>
  <div style="line-height: 1.25; font-family: 'Times New Roman'; font-size: 10pt;">&#160;</div>
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    <div style="text-align: center;" class="BRPFPageNumberArea"><font style="font-family: 'Times New Roman',Times,serif; font-size: 10pt; color: rgb(0, 0, 0); font-weight: normal; font-style: normal;" class="BRPFPageNumber">4</font></div>
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  <br>
  <div style="text-align: center; line-height: 1.25; font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;"><a name="RISKFACTORS"><!--Anchor--></a>RISK FACTORS</div>
  <div style="line-height: 1.25; font-family: 'Times New Roman'; font-size: 10pt;">&#160;</div>
  <div style="text-align: left; text-indent: 36pt; line-height: 1.25; font-family: 'Times New Roman'; font-size: 10pt;">Investing in any securities offered pursuant to this prospectus and the applicable prospectus supplement involves risks. You should
    carefully consider the risk factors set forth in our Annual Report on Form 20-F incorporated by reference into this prospectus and in our updates, if any, to those risk factors in our reports on Form 6-K incorporated by reference into this prospectus,
    and all other information contained or incorporated by reference into this prospectus, as updated by our subsequent filings under the Exchange Act, and the risk factors and other information contained in the applicable prospectus supplement and any
    applicable free writing prospectus before acquiring any of such securities. Additional risks not presently known to us or that we currently deem immaterial may also impair our business operations.&#160; Our business, financial condition and results of
    operations could be materially adversely affected by any of these risks. The occurrence of any of these risks might cause you to lose all or part of your investment in the offered securities.</div>
  <div style="line-height: 1.25; font-family: 'Times New Roman'; font-size: 10pt;">&#160;</div>
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    <div style="text-align: center;" class="BRPFPageNumberArea"><font style="font-family: 'Times New Roman',Times,serif; font-size: 10pt; color: rgb(0, 0, 0); font-weight: normal; font-style: normal;" class="BRPFPageNumber">5</font></div>
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  </div>
  <div style="text-align: center; line-height: 1.25; font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;"> <br>
  </div>
  <div style="text-align: center; line-height: 1.25; font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;"><a name="USEOFPROCEEDS"><!--Anchor--></a>USE OF PROCEEDS</div>
  <div style="line-height: 1.25; font-family: 'Times New Roman'; font-size: 10pt;">&#160;</div>
  <div style="text-align: left; text-indent: 36pt; line-height: 1.25; font-family: 'Times New Roman'; font-size: 10pt;">We intend to use the net proceeds from the sale of the securities as set forth in the applicable prospectus supplement.&#160; We will not
    receive any proceeds from the sale of ordinary shares by the selling shareholders.</div>
  <div style="line-height: 1.25; font-family: 'Times New Roman'; font-size: 10pt;">&#160;</div>
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    <div style="text-align: center;" class="BRPFPageNumberArea"><font style="font-family: 'Times New Roman',Times,serif; font-size: 10pt; color: rgb(0, 0, 0); font-weight: normal; font-style: normal;" class="BRPFPageNumber">6</font></div>
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  <div style="line-height: 1.25; font-family: 'Times New Roman'; font-size: 10pt;"></div>
  <div style="text-align: center; line-height: 1.25; font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;"><a name="DIVIDENDPOLICY"><!--Anchor--></a>DIVIDEND POLICY</div>
  <div style="line-height: 1.25; font-family: 'Times New Roman'; font-size: 10pt;">&#160;</div>
  <div style="text-align: left; text-indent: 36pt; line-height: 1.25; font-family: 'Times New Roman'; font-size: 10pt;">We may declare a dividend to be paid to the holders of our ordinary shares in proportion to their respective shareholdings. Under the&#160;
    Companies Law, dividend distributions are determined by the board of directors and do not require the approval of the shareholders of a company unless the company&#8217;s articles of association provide otherwise. Our Articles of Association do not require
    shareholder approval of a dividend distribution and provide that dividend distributions may be determined by our board of directors.</div>
  <div style="line-height: 1.25; font-family: 'Times New Roman'; font-size: 10pt;">&#160;</div>
  <div style="text-align: left; text-indent: 36pt; line-height: 1.25; font-family: 'Times New Roman'; font-size: 10pt;">Pursuant to the Companies Law, the distribution amount is limited to the greater of retained earnings or earnings generated over the
    previous two years, according to our then last reviewed or audited financial statements (less the amount of previously distributed dividends, if not reduced from the earnings), provided that the end of the period to which the financial statements
    relate is not more than six months prior to the date of the distribution. If we do not meet such criteria, then we may distribute dividends only with court approval or pursuant to specific regulatory exemptions. In each case, we are only permitted to
    distribute a dividend if our board of directors and, if applicable, the court determines that there is no reasonable concern that payment of the dividend will prevent us from satisfying our existing and foreseeable obligations as they become due. In
    the event of our liquidation, after satisfaction of liabilities to creditors, our assets will be distributed to the holders of our ordinary shares in proportion to their shareholdings.</div>
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  <div style="text-align: center; line-height: 1.25; font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;"><a name="DESCRIPTIONOFORDINARYSHAR"><!--Anchor--></a>DESCRIPTION OF ORDINARY SHARES</div>
  <div style="line-height: 1.25; font-family: 'Times New Roman'; font-size: 10pt;">&#160;</div>
  <div style="text-align: left; text-indent: 36pt; line-height: 1.25; font-family: 'Times New Roman'; font-size: 10pt;">Our authorized share capital consists of 15,000,000 ordinary shares, no par value. All of our outstanding ordinary shares are validly
    issued, fully paid and non-assessable. Our ordinary shares are not redeemable and do not have any preemptive rights.</div>
  <div style="line-height: 1.25; font-family: 'Times New Roman'; font-size: 10pt;">&#160;</div>
  <div style="text-align: left; text-indent: 36pt; line-height: 1.25; font-family: 'Times New Roman'; font-size: 10pt;">As of March 25, 2025, we had 10,940,358 ordinary shares issued and outstanding. Our ordinary shares are listed on Nasdaq under the
    symbol &#8220;TATT&#8221; and on the Tel Aviv Stock Exchange under the symbol &#8220;TATTC.&#8221;</div>
  <div style="line-height: 1.25; font-family: 'Times New Roman'; font-size: 10pt;">&#160;</div>
  <div style="text-align: left; text-indent: 36pt; line-height: 1.25; font-family: 'Times New Roman'; font-size: 10pt;">For a description of our ordinary shares, including the rights and obligations attached thereto, please refer to Exhibit 2.1 to our
    Annual Report, which is incorporated by reference herein.</div>
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  <div style="line-height: 1.25; font-family: 'Times New Roman'; font-size: 10pt;">&#160;</div>
  <div style="text-align: center; line-height: 1.25; font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;"><a name="DESCRIPTIONOFDEBTSECURITI"><!--Anchor--></a>DESCRIPTION OF DEBT SECURITIES</div>
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  <div style="text-align: left; text-indent: 24.5pt; line-height: 1.25; font-family: 'Times New Roman'; font-size: 10pt;">The following description, together with the additional information we include in any applicable prospectus supplement or free writing
    prospectus, summarizes certain general terms and provisions of the debt securities that we may offer under this prospectus. When we offer to sell a particular series of debt securities, we will describe the specific terms of the series in a supplement
    to this prospectus.&#160; We will also indicate in the supplement to what extent the general terms and provisions described in this prospectus apply to a particular series of debt securities.</div>
  <div style="line-height: 1.25; font-family: 'Times New Roman'; font-size: 10pt;">&#160;</div>
  <div style="text-align: left; text-indent: 24.5pt; line-height: 1.25; font-family: 'Times New Roman'; font-size: 10pt;">We may issue debt securities either separately, or together with, or upon the conversion or exercise of or in exchange for, other
    securities described in this prospectus. Debt securities may be our senior, senior subordinated or subordinated obligations and, unless otherwise specified in a supplement to this prospectus, the debt securities will be our direct, unsecured
    obligations and may be issued in one or more series.</div>
  <div style="line-height: 1.25; font-family: 'Times New Roman'; font-size: 10pt;">&#160;</div>
  <div style="text-align: left; text-indent: 24.5pt; line-height: 1.25; font-family: 'Times New Roman'; font-size: 10pt;">The debt securities will be issued under an indenture between us and one or more designated trustees.&#160; We have summarized select
    portions of the indenture below.&#160; The summary is not complete.&#160; The form of the indenture has been filed as an exhibit to the registration statement and you should read the indenture for provisions that may be important to you.&#160; In the summary below,
    we have included references to the section numbers of the indenture so that you can easily locate these provisions.&#160; Capitalized terms used in the summary and not defined herein have the meanings specified in the indenture.</div>
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  <div style="text-align: left; text-indent: 24.5pt; line-height: 1.25; font-family: 'Times New Roman'; font-size: 10pt;">As used in this section only, &#8220;TAT,&#8221; the &#8220;Company,&#8221; &#8220;we,&#8221; &#8220;our&#8221; or &#8220;us&#8221; refer to TAT Technologies Ltd. (excluding our subsidiaries,
    unless expressly stated or the context otherwise requires).</div>
  <div style="line-height: 1.25; font-family: 'Times New Roman'; font-size: 10pt;">&#160;</div>
  <div style="text-align: justify; line-height: 1.25; font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">General</div>
  <div style="line-height: 1.25; font-family: 'Times New Roman'; font-size: 10pt;">&#160;</div>
  <div style="text-align: left; text-indent: 24.5pt; line-height: 1.25; font-family: 'Times New Roman'; font-size: 10pt;">The terms of each series of debt securities will be established by or pursuant to a resolution of our board of directors and set forth
    or determined in the manner provided in a resolution of our board of directors, in an officer&#8217;s certificate or by a supplemental indenture.&#160; (Section 2.2)&#160; The particular terms of each series of debt securities will be described in a prospectus
    supplement relating to such series (including any pricing supplement or term sheet).</div>
  <div style="line-height: 1.25; font-family: 'Times New Roman'; font-size: 10pt;">&#160;</div>
  <div style="text-align: left; text-indent: 24.5pt; line-height: 1.25; font-family: 'Times New Roman'; font-size: 10pt;">We can issue an unlimited amount of debt securities under the indenture that may be in one or more series with the same or various
    maturities, at par, at a premium, or at a discount.&#160; (Section 2.1)&#160; We will set forth in a prospectus supplement (including any pricing supplement or term sheet) relating to any series of debt securities being offered, the aggregate principal amount
    and the following terms of the debt securities, if applicable:</div>
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          <div>the title and ranking of the debt securities (including the terms of any subordination provisions);</div>
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  <div style="line-height: 1.25; font-family: 'Times New Roman'; font-size: 10pt;">&#160;</div>
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          <div>the price or prices (expressed as a percentage of the principal amount) at which we will sell the debt securities;</div>
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  <div style="line-height: 1.25; font-family: 'Times New Roman'; font-size: 10pt;">&#160;</div>
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          <div>any limit on the aggregate principal amount of the debt securities;</div>
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  <div style="line-height: 1.25; font-family: 'Times New Roman'; font-size: 10pt;">&#160;</div>
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          <div>the date or dates on which the principal of the securities of the series is payable;</div>
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  <div style="line-height: 1.25; font-family: 'Times New Roman'; font-size: 10pt;">&#160;</div>
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          <div>the rate or rates (which may be fixed or variable) per annum or the method used to determine the rate or rates (including any commodity, commodity index, stock exchange index or financial index) at which the debt securities will bear
            interest, the date or dates from which interest will accrue, the date or dates on which interest will commence and be payable and any regular record date for the interest payable on any interest payment date;</div>
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  <div style="line-height: 1.25; font-family: 'Times New Roman'; font-size: 10pt;">&#160;</div>
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          <div>the place or places where principal of, and interest, if any, on the debt securities will be payable (and the method of such payment), where the securities of such series may be surrendered for registration of transfer or exchange, and where
            notices and demands to us in respect of the debt securities may be delivered;</div>
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  <div style="line-height: 1.25; font-family: 'Times New Roman'; font-size: 10pt;">&#160;</div>
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          <div>the period or periods within which, the price or prices at which and the terms and conditions upon which we may redeem the debt securities;</div>
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  <div style="line-height: 1.25; font-family: 'Times New Roman'; font-size: 10pt;">&#160;</div>
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          <div>any obligation we have to redeem or purchase the debt securities pursuant to any sinking fund or analogous provisions or at the option of a holder of debt securities and the period or periods within which, the price or prices at which and in
            the terms and conditions upon which securities of the series shall be redeemed or purchased, in whole or in part, pursuant to such obligation;</div>
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  <div style="line-height: 1.25; font-family: 'Times New Roman'; font-size: 10pt;">&#160;</div>
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          <div>the dates on which and the price or prices at which we will repurchase debt securities at the option of the holders of debt securities and other detailed terms and provisions of these repurchase obligations;</div>
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  <div style="line-height: 1.25; font-family: 'Times New Roman'; font-size: 10pt;">&#160;</div>
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          <div>the denominations in which the debt securities will be issued, if other than denominations of $1,000 and any integral multiple thereof;</div>
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  <div style="line-height: 1.25; font-family: 'Times New Roman'; font-size: 10pt;">&#160;</div>
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          <div>whether the debt securities will be issued in the form of certificated debt securities or global debt securities;</div>
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  <div style="line-height: 1.25; font-family: 'Times New Roman'; font-size: 10pt;">&#160;</div>
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          <div>the portion of principal amount of the debt securities payable upon declaration of acceleration of the maturity date, if other than the principal amount;</div>
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  <div style="line-height: 1.25; font-family: 'Times New Roman'; font-size: 10pt;">&#160;</div>
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          <div>the currency of denomination of the debt securities, which may be United States Dollars or any foreign currency, and if such currency of denomination is a composite currency, the agency or organization, if any, responsible for overseeing
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  <div style="line-height: 1.25; font-family: 'Times New Roman'; font-size: 10pt;">&#160;</div>
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          <div>the designation of the currency, currencies or currency units in which payment of principal of, premium and interest on the debt securities will be made;</div>
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  <div style="line-height: 1.25; font-family: 'Times New Roman'; font-size: 10pt;">&#160;</div>
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          <div>if payments of principal of, premium or interest on the debt securities will be made in one or more currencies or currency units other than that or those in which the debt securities are denominated, the manner in which the exchange rate
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          <div>the manner in which the amounts of payment of principal of, premium, if any, or interest on the debt securities will be determined, if these amounts may be determined by reference to an index based on a currency or currencies or by reference
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  <div style="line-height: 1.25; font-family: 'Times New Roman'; font-size: 10pt;">&#160;</div>
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          <div>any provisions relating to any security provided for the debt securities;</div>
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          <div>any addition to, deletion of or change in the Events of Default described in this prospectus or in the indenture with respect to the debt securities and any change in the acceleration provisions described in this prospectus or in the
            indenture with respect to the debt securities;</div>
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  <div style="line-height: 1.25; font-family: 'Times New Roman'; font-size: 10pt;">&#160;</div>
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          <div>any addition to, deletion of or change in the covenants described in this prospectus or in the indenture with respect to the debt securities;</div>
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  <div style="line-height: 1.25; font-family: 'Times New Roman'; font-size: 10pt;">&#160;</div>
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          <div>any depositaries, interest rate calculation agents, exchange rate calculation agents or other agents with respect to the debt securities;</div>
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          <div>the provisions, if any, relating to conversion or exchange of any debt securities of such series, including if applicable, the conversion or exchange price and period, provisions as to whether conversion or exchange will be mandatory, the
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          <div>any other terms of the debt securities, which may supplement, modify or delete any provision of the indenture as it applies to that series, including any terms that may be required under applicable law or regulations or advisable in
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  <div style="line-height: 1.25; font-family: 'Times New Roman'; font-size: 10pt;">&#160;</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="z9582a069f77f4046b0bf26da31f33582">

      <tr>
        <td style="width: 36pt; font-family: 'Times New Roman';"><br>
        </td>
        <td style="width: 18pt; vertical-align: top; font-family: 'Times New Roman';">&#8226;</td>
        <td style="width: auto; vertical-align: top; font-family: 'Times New Roman';">
          <div>whether any of our direct or indirect subsidiaries will guarantee the debt securities of that series, including the terms of subordination, if any, of such guarantees.&#160; (Section 2.2)</div>
        </td>
      </tr>

  </table>
  <div style="line-height: 1.25; font-family: 'Times New Roman'; font-size: 10pt;">&#160;</div>
  <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" class="BRPFPageBreakArea">
    <div style="text-align: center;" class="BRPFPageNumberArea"><font style="font-family: 'Times New Roman',Times,serif; font-size: 10pt; color: rgb(0, 0, 0); font-weight: normal; font-style: normal;" class="BRPFPageNumber">10</font></div>
    <div style="page-break-after: always;" class="BRPFPageBreak">
      <hr noshade="noshade" style="border-width: 0px; clear: both; margin: 4px 0px; width: 100%; height: 2px; color: #000000; background-color: #000000;"></div>
  </div>
  <div style="text-align: left; text-indent: 24.5pt; line-height: 1.25; font-family: 'Times New Roman'; font-size: 10pt;">We may issue debt securities that provide for an amount less than their stated principal amount to be due and payable upon declaration
    of acceleration of their maturity pursuant to the terms of the indenture.&#160; We will provide you with information on the federal income tax considerations and other special considerations applicable to any of these debt securities in the applicable
    prospectus supplement.</div>
  <div style="line-height: 1.25; font-family: 'Times New Roman'; font-size: 10pt;">&#160;</div>
  <div style="text-align: left; text-indent: 24.5pt; line-height: 1.25; font-family: 'Times New Roman'; font-size: 10pt;">If we denominate the purchase price of any of the debt securities in a foreign currency or currencies or a foreign currency unit or
    units, or if the principal of and any premium and interest on any series of debt securities is payable in a foreign currency or currencies or a foreign currency unit or units, we will provide you with information on the restrictions, elections, general
    tax considerations, specific terms and other information with respect to that issue of debt securities and such foreign currency or currencies or foreign currency unit or units in the applicable prospectus supplement.</div>
  <div style="line-height: 1.25; font-family: 'Times New Roman'; font-size: 10pt;">&#160;</div>
  <div style="text-align: left; line-height: 1.25; font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">Transfer and Exchange</div>
  <div style="line-height: 1.25; font-family: 'Times New Roman'; font-size: 10pt;">&#160;</div>
  <div style="text-align: left; text-indent: 24.5pt; line-height: 1.25; font-family: 'Times New Roman'; font-size: 10pt;">Each debt security will be represented by either one or more global securities registered in the name of The Depository Trust Company,
    or the Depositary, or a nominee of the Depositary (we will refer to any debt security represented by a global debt security as a &#8220;book-entry debt security&#8221;), or a certificate issued in definitive registered form (we will refer to any debt security
    represented by a certificated security as a &#8220;certificated debt security&#8221;) as set forth in the applicable prospectus supplement.&#160; Except as set forth under the heading &#8220;Global Debt Securities and Book-Entry System&#8221; below, book-entry debt securities will
    not be issuable in certificated form.</div>
  <div style="line-height: 1.25; font-family: 'Times New Roman'; font-size: 10pt;">&#160;</div>
  <div style="text-align: left; text-indent: 24.5pt; line-height: 1.25; font-family: 'Times New Roman', serif; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-style: italic;">Certificated Debt Securities</font><font style="font-family: 'Times New Roman';">.&#160; You may transfer or exchange certificated debt securities at any office we maintain for this purpose in accordance with the terms of the indenture.&#160; (Section 2.4)&#160; No service charge will be made for any transfer or exchange of
      certificated debt securities, but we may require payment of a sum sufficient to cover any tax or other governmental charge payable in connection with a transfer or exchange.&#160; (Section 2.7)</font></div>
  <div style="line-height: 1.25; font-family: 'Times New Roman'; font-size: 10pt;">&#160;</div>
  <div style="text-align: left; text-indent: 24.5pt; line-height: 1.25; font-family: 'Times New Roman'; font-size: 10pt;">You may effect the transfer of certificated debt securities and the right to receive the principal of, premium and interest on
    certificated debt securities only by surrendering the certificate representing those certificated debt securities and either reissuance by us or the trustee of the certificate to the new holder or the issuance by us or the trustee of a new certificate
    to the new holder.</div>
  <div style="line-height: 1.25; font-family: 'Times New Roman'; font-size: 10pt;">&#160;</div>
  <div style="text-align: left; text-indent: 24.5pt; line-height: 1.25; font-family: 'Times New Roman', serif; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-style: italic;">Global Debt Securities and Book-Entry System</font><font style="font-family: 'Times New Roman';">. Each global debt security representing book-entry debt securities will be deposited with, or on behalf of, the Depositary, and registered in the name of the Depositary or a nominee of the Depositary.&#160; Please
      see &#8220;Global Securities.&#8221;</font></div>
  <div style="line-height: 1.25; font-family: 'Times New Roman'; font-size: 10pt;">&#160;</div>
  <div style="text-align: left; line-height: 1.25; font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">Covenants</div>
  <div style="line-height: 1.25; font-family: 'Times New Roman'; font-size: 10pt;">&#160;</div>
  <div style="text-align: left; text-indent: 24.5pt; line-height: 1.25; font-family: 'Times New Roman'; font-size: 10pt;">We will set forth in the applicable prospectus supplement any restrictive covenants applicable to any issue of debt securities.&#160;
    (Article IV)</div>
  <div style="line-height: 1.25; font-family: 'Times New Roman'; font-size: 10pt;">&#160;</div>
  <div style="text-align: left; line-height: 1.25; font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">No Protection in the Event of a Change of Control</div>
  <div style="line-height: 1.25; font-family: 'Times New Roman'; font-size: 10pt;">&#160;</div>
  <div style="text-align: left; text-indent: 24.5pt; line-height: 1.25; font-family: 'Times New Roman'; font-size: 10pt;">Unless we state otherwise in the applicable prospectus supplement, the debt securities will not contain any provisions which may
    afford holders of the debt securities protection in the event we have a change in control or in the event of a highly leveraged transaction (whether or not such transaction results in a change in control) which could adversely affect holders of debt
    securities.</div>
  <div style="line-height: 1.25; font-family: 'Times New Roman'; font-size: 10pt;">&#160;</div>
  <div style="text-align: left; line-height: 1.25; font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">Consolidation, Merger and Sale of Assets</div>
  <div style="line-height: 1.25; font-family: 'Times New Roman'; font-size: 10pt;">&#160;</div>
  <div style="text-align: left; text-indent: 24.5pt; line-height: 1.25; font-family: 'Times New Roman'; font-size: 10pt;">We may not consolidate with or merge with or into, or convey, transfer or lease all or substantially all of our properties and assets
    to any person (a &#8220;successor person&#8221;) unless:</div>
  <div style="line-height: 1.25; font-family: 'Times New Roman'; font-size: 10pt;">&#160;</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="z441d7b34fa994b288c1c854d34392065">

      <tr>
        <td style="width: 36pt; font-family: 'Times New Roman';"><br>
        </td>
        <td style="width: 18pt; vertical-align: top; font-family: 'Times New Roman';">&#8226;</td>
        <td style="width: auto; vertical-align: top; font-family: 'Times New Roman';">
          <div>we are the surviving entity or the successor person (if other than TAT) is a corporation, partnership, trust or other entity organized and validly existing under the laws of any U.S. domestic jurisdiction or the state of Israel and expressly
            assumes our obligations on the debt securities and under the indenture; and</div>
        </td>
      </tr>

  </table>
  <div style="line-height: 1.25; font-family: 'Times New Roman'; font-size: 10pt;">&#160;</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="z0413eeabd69f40ceac704b259149f245">

      <tr>
        <td style="width: 36pt; font-family: 'Times New Roman';"><br>
        </td>
        <td style="width: 18pt; vertical-align: top; font-family: 'Times New Roman';">&#8226;</td>
        <td style="width: auto; vertical-align: top; font-family: 'Times New Roman';">
          <div>immediately after giving effect to the transaction, no Default or Event of Default, shall have occurred and be continuing.</div>
        </td>
      </tr>

  </table>
  <div style="line-height: 1.25; font-family: 'Times New Roman'; font-size: 10pt;">&#160;</div>
  <div style="text-align: left; text-indent: 24.5pt; line-height: 1.25; font-family: 'Times New Roman'; font-size: 10pt;">Notwithstanding the above, any of our subsidiaries may consolidate with, merge into or transfer all or part of its properties to us.&#160;
    (Section 5.1)</div>
  <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" class="BRPFPageBreakArea">
    <div style="text-align: center;" class="BRPFPageNumberArea"><font style="font-family: 'Times New Roman',Times,serif; font-size: 10pt; color: rgb(0, 0, 0); font-weight: normal; font-style: normal;" class="BRPFPageNumber">11</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>
  </div>
  <div style="line-height: 1.25; font-family: 'Times New Roman'; font-size: 10pt;">&#160;</div>
  <div style="text-align: left; line-height: 1.25; font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">Events of Default</div>
  <div style="line-height: 1.25; font-family: 'Times New Roman'; font-size: 10pt;">&#160;</div>
  <div style="text-align: left; text-indent: 24.5pt; line-height: 1.25; font-family: 'Times New Roman'; font-size: 10pt;">&#8220;Event of Default&#8221; means with respect to any series of debt securities, any of the following:</div>
  <div style="line-height: 1.25; font-family: 'Times New Roman'; font-size: 10pt;">&#160;</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="z7ea4f4d07bbf49d0829e0354f4cca4e0">

      <tr>
        <td style="width: 36pt; font-family: 'Times New Roman';"><br>
        </td>
        <td style="width: 18pt; vertical-align: top; font-family: 'Times New Roman';">&#8226;</td>
        <td style="width: auto; vertical-align: top; font-family: 'Times New Roman';">
          <div>default in the payment of any interest upon any debt security of that series when it becomes due and payable, and continuance of such default for a period of 30 days (unless the entire amount of the payment is deposited by us with the
            trustee or with a paying agent prior to the expiration of the 30-day period);</div>
        </td>
      </tr>

  </table>
  <div style="line-height: 1.25; font-family: 'Times New Roman'; font-size: 10pt;">&#160;</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="z83cb876edc574e8da51be2f7431ab7f1">

      <tr>
        <td style="width: 36pt; font-family: 'Times New Roman';"><br>
        </td>
        <td style="width: 18pt; vertical-align: top; font-family: 'Times New Roman';">&#8226;</td>
        <td style="width: auto; vertical-align: top; font-family: 'Times New Roman';">
          <div>default in the payment of principal of any security of that series at its maturity;</div>
        </td>
      </tr>

  </table>
  <div style="line-height: 1.25; font-family: 'Times New Roman'; font-size: 10pt;">&#160;</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="za6810242bfaa4a3a825ad5903646b79b">

      <tr>
        <td style="width: 36pt; font-family: 'Times New Roman';"><br>
        </td>
        <td style="width: 18pt; vertical-align: top; font-family: 'Times New Roman';">&#8226;</td>
        <td style="width: auto; vertical-align: top; font-family: 'Times New Roman';">
          <div>default in the performance or breach of any other covenant or warranty by us in the indenture (other than a covenant or warranty that has been included in the indenture solely for the benefit of a series of debt securities other than that
            series), which default continues uncured for a period of 60 days after we receive written notice from the trustee or TAT and the trustee receive written notice from the holders of not less than 25% in principal amount of the outstanding debt
            securities of that series as provided in the indenture;</div>
        </td>
      </tr>

  </table>
  <div style="line-height: 1.25; font-family: 'Times New Roman'; font-size: 10pt;">&#160;</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="z7a0a6b1838014e71a52112d56b33279d">

      <tr>
        <td style="width: 36pt; font-family: 'Times New Roman';"><br>
        </td>
        <td style="width: 18pt; vertical-align: top; font-family: 'Times New Roman';">&#8226;</td>
        <td style="width: auto; vertical-align: top; font-family: 'Times New Roman';">
          <div>certain voluntary or involuntary events of bankruptcy, insolvency or reorganization of TAT; and</div>
        </td>
      </tr>

  </table>
  <div style="line-height: 1.25; font-family: 'Times New Roman'; font-size: 10pt;">&#160;</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="z751904fbdac14a1e81b68398e4111106">

      <tr>
        <td style="width: 36pt; font-family: 'Times New Roman';"><br>
        </td>
        <td style="width: 18pt; vertical-align: top; font-family: 'Times New Roman';">&#8226;</td>
        <td style="width: auto; vertical-align: top; font-family: 'Times New Roman';">
          <div>any other Event of Default provided with respect to debt securities of that series that is described in the applicable prospectus supplement.&#160; (Section 6.1)</div>
        </td>
      </tr>

  </table>
  <div style="line-height: 1.25; font-family: 'Times New Roman'; font-size: 10pt;">&#160;</div>
  <div style="text-align: left; text-indent: 24.5pt; line-height: 1.25; font-family: 'Times New Roman'; font-size: 10pt;">No Event of Default with respect to a particular series of debt securities (except as to certain events of bankruptcy, insolvency or
    reorganization) necessarily constitutes an Event of Default with respect to any other series of debt securities. (Section 6.1) The occurrence of certain Events of Default or an acceleration under the indenture may constitute an event of default under
    certain indebtedness of ours or our subsidiaries outstanding from time to time.</div>
  <div style="line-height: 1.25; font-family: 'Times New Roman'; font-size: 10pt;">&#160;</div>
  <div style="text-align: left; text-indent: 24.5pt; line-height: 1.25; font-family: 'Times New Roman'; font-size: 10pt;">We will provide the trustee written notice of any Default or Event of Default within 30 days of becoming aware of the occurrence of
    such Default or Event of Default, which notice will describe in reasonable detail the status of such Default or Event of Default and what action we are taking or propose to take in respect thereof.&#160; (Section 6.1)</div>
  <div style="line-height: 1.25; font-family: 'Times New Roman'; font-size: 10pt;">&#160;</div>
  <div style="text-align: left; text-indent: 24.5pt; line-height: 1.25; font-family: 'Times New Roman'; font-size: 10pt;">If an Event of Default with respect to debt securities of any series at the time outstanding occurs and is continuing, then the
    trustee or the holders of not less than 25% in principal amount of the outstanding debt securities of that series may, by a notice in writing to us (and to the trustee if given by the holders), declare to be due and payable immediately the principal of
    (or, if the debt securities of that series are discount securities, that portion of the principal amount as may be specified in the terms of that series) and accrued and unpaid interest, if any, on all debt securities of that series.&#160; In the case of an
    Event of Default resulting from certain events of bankruptcy, insolvency or reorganization, the principal (or such specified amount) of and accrued and unpaid interest, if any, on all outstanding debt securities will become and be immediately due and
    payable without any declaration or other act on the part of the trustee or any holder of outstanding debt securities.&#160; At any time after a declaration of acceleration with respect to debt securities of any series has been made, but before a judgment or
    decree for payment of the money due has been obtained by the trustee, the holders of a majority in principal amount of the outstanding debt securities of that series may rescind and annul the acceleration if all Events of Default, other than the
    non-payment of accelerated principal and interest, if any, with respect to debt securities of that series, have been cured or waived as provided in the indenture.&#160; (Section 6.2) We refer you to the prospectus supplement relating to any series of debt
    securities that are discount securities for the particular provisions relating to acceleration of a portion of the principal amount of such discount securities upon the occurrence of an Event of Default.</div>
  <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" class="BRPFPageBreakArea">
    <div style="text-align: center;" class="BRPFPageNumberArea"><font style="font-family: 'Times New Roman',Times,serif; font-size: 10pt; color: rgb(0, 0, 0); font-weight: normal; font-style: normal;" class="BRPFPageNumber">12</font></div>
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  </div>
  <div style="line-height: 1.25; font-family: 'Times New Roman'; font-size: 10pt;">&#160;</div>
  <div style="text-align: left; text-indent: 24.5pt; line-height: 1.25; font-family: 'Times New Roman'; font-size: 10pt;">The indenture provides that the trustee may refuse to perform any duty or exercise any of its rights or powers under the indenture
    unless the trustee receives indemnity satisfactory to it against any cost, liability or expense which might be incurred by it in performing such duty or exercising such right or power.&#160; (Section 7.1(e))&#160; Subject to certain rights of the trustee, the
    holders of a majority in principal amount of the outstanding debt securities of any series will have the right to direct the time, method and place of conducting any proceeding for any remedy available to the trustee or exercising any trust or power
    conferred on the trustee with respect to the debt securities of that series.&#160; (Section 6.12)</div>
  <div style="line-height: 1.25; font-family: 'Times New Roman'; font-size: 10pt;">&#160;</div>
  <div style="text-align: left; text-indent: 24.5pt; line-height: 1.25; font-family: 'Times New Roman'; font-size: 10pt;">No holder of any debt security of any series will have any right to institute any proceeding, judicial or otherwise, with respect to
    the indenture or for the appointment of a receiver or trustee, or for any remedy under the indenture, unless:</div>
  <div style="line-height: 1.25; font-family: 'Times New Roman'; font-size: 10pt;">&#160;</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="zba4c47ec64c14d538f7f12820594ff53">

      <tr>
        <td style="width: 36pt; font-family: 'Times New Roman';"><br>
        </td>
        <td style="width: 18pt; vertical-align: top; font-family: 'Times New Roman';">&#8226;</td>
        <td style="width: auto; vertical-align: top; font-family: 'Times New Roman';">
          <div>that holder has previously given to the trustee written notice of a continuing Event of Default with respect to debt securities of that series; and</div>
        </td>
      </tr>

  </table>
  <div style="line-height: 1.25; font-family: 'Times New Roman'; font-size: 10pt;">&#160;</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="z178a09ffcf314338940ab630c1e66c5e">

      <tr>
        <td style="width: 36pt; font-family: 'Times New Roman';"><br>
        </td>
        <td style="width: 18pt; vertical-align: top; font-family: 'Times New Roman';">&#8226;</td>
        <td style="width: auto; vertical-align: top; font-family: 'Times New Roman';">
          <div>the holders of not less than 25% in principal amount of the outstanding debt securities of that series have made written request, and offered indemnity or security satisfactory to the trustee, to the trustee to institute the proceeding as
            trustee, and the trustee has not received from the holders of not less than a majority in principal amount of the outstanding debt securities of that series a direction inconsistent with that request and has failed to institute the proceeding
            within 60 days.&#160; (Section 6.7)</div>
        </td>
      </tr>

  </table>
  <div style="line-height: 1.25; font-family: 'Times New Roman'; font-size: 10pt;">&#160;</div>
  <div style="text-align: left; text-indent: 24.5pt; line-height: 1.25; font-family: 'Times New Roman'; font-size: 10pt;">Notwithstanding any other provision in the indenture, the holder of any debt security will have an absolute and unconditional right to
    receive payment of the principal of, premium and any interest on that debt security on or after the due dates expressed in that debt security and to institute suit for the enforcement of payment.&#160; (Section 6.8)</div>
  <div style="line-height: 1.25; font-family: 'Times New Roman'; font-size: 10pt;">&#160;</div>
  <div style="text-align: left; text-indent: 24.5pt; line-height: 1.25; font-family: 'Times New Roman'; font-size: 10pt;">The indenture requires us, within 120 days after the end of our fiscal year, to furnish to the trustee a statement as to compliance
    with the indenture.&#160; (Section 4.3)&#160; If a Default or Event of Default occurs and is continuing with respect to the securities of any series and if it is known to a responsible officer of the trustee, the trustee shall mail to each Securityholder of the
    securities of that series notice of a Default or Event of Default within 90 days after it occurs or, if later, after a responsible officer of the trustee has knowledge of such Default or Event of Default.&#160; The indenture provides that the trustee may
    withhold notice to the holders of debt securities of any series of any Default or Event of Default (except in payment on any debt securities of that series) with respect to debt securities of that series if the trustee determines in good faith that
    withholding notice is in the interest of the holders of those debt securities.&#160; (Section 7.5)</div>
  <div style="line-height: 1.25; font-family: 'Times New Roman'; font-size: 10pt;">&#160;</div>
  <div style="text-align: left; line-height: 1.25; font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">Modification and Waiver</div>
  <div style="line-height: 1.25; font-family: 'Times New Roman'; font-size: 10pt;">&#160;</div>
  <div style="text-align: left; text-indent: 24.5pt; line-height: 1.25; font-family: 'Times New Roman'; font-size: 10pt;">We and the trustee may modify, amend or supplement the indenture or the debt securities of any series without the consent of any
    holder of any debt security:</div>
  <div style="line-height: 1.25; font-family: 'Times New Roman'; font-size: 10pt;">&#160;</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="z987b87e4c91c4755b918a3d9556288c3">

      <tr>
        <td style="width: 36pt; font-family: 'Times New Roman';"><br>
        </td>
        <td style="width: 18pt; vertical-align: top; font-family: 'Times New Roman';">&#8226;</td>
        <td style="width: auto; vertical-align: top; font-family: 'Times New Roman';">
          <div>to cure any ambiguity, defect or inconsistency;</div>
        </td>
      </tr>

  </table>
  <div style="line-height: 1.25; font-family: 'Times New Roman'; font-size: 10pt;">&#160;</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="z7051904377864250aad3034935a622d4">

      <tr>
        <td style="width: 36pt; font-family: 'Times New Roman';"><br>
        </td>
        <td style="width: 18pt; vertical-align: top; font-family: 'Times New Roman';">&#8226;</td>
        <td style="width: auto; vertical-align: top; font-family: 'Times New Roman';">
          <div>to comply with covenants in the indenture described above under the heading &#8220;Consolidation, Merger and Sale of Assets&#8221;;</div>
        </td>
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        <td style="width: 36pt; font-family: 'Times New Roman';"><br>
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        <td style="width: 18pt; vertical-align: top; font-family: 'Times New Roman';">&#8226;</td>
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          <div>to provide for uncertificated securities in addition to or in place of certificated securities;</div>
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  </table>
  <div style="line-height: 1.25; font-family: 'Times New Roman'; font-size: 10pt;">&#160;</div>
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          <div>to add guarantees with respect to debt securities of any series or secure debt securities of any series;</div>
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      </tr>

  </table>
  <div style="line-height: 1.25; font-family: 'Times New Roman'; font-size: 10pt;">&#160;</div>
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      <tr>
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          <div>to surrender any of our rights or powers under the indenture;</div>
        </td>
      </tr>

  </table>
  <div style="line-height: 1.25; font-family: 'Times New Roman'; font-size: 10pt;">&#160;</div>
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      <tr>
        <td style="width: 36pt; font-family: 'Times New Roman';"><br>
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        <td style="width: 18pt; vertical-align: top; font-family: 'Times New Roman';">&#8226;</td>
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          <div>to add covenants or events of default for the benefit of the holders of debt securities of any series;</div>
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      </tr>

  </table>
  <div style="line-height: 1.25; font-family: 'Times New Roman'; font-size: 10pt;">&#160;</div>
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      <tr>
        <td style="width: 36pt; font-family: 'Times New Roman';"><br>
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        <td style="width: 18pt; vertical-align: top; font-family: 'Times New Roman';">&#8226;</td>
        <td style="width: auto; vertical-align: top; font-family: 'Times New Roman';">
          <div>to comply with the applicable procedures of the applicable depositary;</div>
        </td>
      </tr>

  </table>
  <div style="line-height: 1.25; font-family: 'Times New Roman'; font-size: 10pt;">&#160;</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="zd4952af543e741c6b7d93e8a6810e721">

      <tr>
        <td style="width: 36pt; font-family: 'Times New Roman';"><br>
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        <td style="width: 18pt; vertical-align: top; font-family: 'Times New Roman';">&#8226;</td>
        <td style="width: auto; vertical-align: top; font-family: 'Times New Roman';">
          <div>to make any change that does not adversely affect the rights of any holder of debt securities;</div>
        </td>
      </tr>

  </table>
  <div style="line-height: 1.25; font-family: 'Times New Roman'; font-size: 10pt;">&#160;</div>
  <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" class="BRPFPageBreakArea">
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      <tr>
        <td style="width: 36pt; font-family: 'Times New Roman';"><br>
        </td>
        <td style="width: 18pt; vertical-align: top; font-family: 'Times New Roman';">&#8226;</td>
        <td style="width: auto; vertical-align: top; font-family: 'Times New Roman';">
          <div>to provide for the issuance of and establish the form and terms and conditions of debt securities of any series as permitted by the indenture;</div>
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      </tr>

  </table>
  <div style="line-height: 1.25; font-family: 'Times New Roman'; font-size: 10pt;">&#160;</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="z4fa1d5cda7664cde9093f0920f7a24c5">

      <tr>
        <td style="width: 36pt; font-family: 'Times New Roman';"><br>
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        <td style="width: 18pt; vertical-align: top; font-family: 'Times New Roman';">&#8226;</td>
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          <div>to effect the appointment of a successor trustee with respect to the debt securities of any series and to add to or change any of the provisions of the indenture to provide for or facilitate administration by more than one trustee; or</div>
        </td>
      </tr>

  </table>
  <div style="line-height: 1.25; font-family: 'Times New Roman'; font-size: 10pt;">&#160;</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="z2b854d9f3062478196c11efc1a6a6f81">

      <tr>
        <td style="width: 36pt; font-family: 'Times New Roman';"><br>
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        <td style="width: 18pt; vertical-align: top; font-family: 'Times New Roman';">&#8226;</td>
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          <div>to comply with requirements of the SEC in order to effect or maintain the qualification of the indenture under the Trust Indenture Act.&#160; (Section 9.1)</div>
        </td>
      </tr>

  </table>
  <div style="line-height: 1.25; font-family: 'Times New Roman'; font-size: 10pt;">&#160;</div>
  <div style="text-align: left; text-indent: 24.5pt; line-height: 1.25; font-family: 'Times New Roman'; font-size: 10pt;">We may also modify and amend the indenture with the consent of the holders of at least a majority in principal amount of the
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      <tr>
        <td style="width: 36pt; font-family: 'Times New Roman';"><br>
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        <td style="width: 18pt; vertical-align: top; font-family: 'Times New Roman';">&#8226;</td>
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          <div>reduce the amount of debt securities whose holders must consent to an amendment, supplement or waiver;</div>
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      </tr>

  </table>
  <div style="line-height: 1.25; font-family: 'Times New Roman'; font-size: 10pt;">&#160;</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="z6eb441e3a1d84615bac21e01ab3cacaa">

      <tr>
        <td style="width: 36pt; font-family: 'Times New Roman';"><br>
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        <td style="width: 18pt; vertical-align: top; font-family: 'Times New Roman';">&#8226;</td>
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          <div>reduce the rate of or extend the time for payment of interest (including default interest) on any debt security;</div>
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      </tr>

  </table>
  <div style="line-height: 1.25; font-family: 'Times New Roman'; font-size: 10pt;">&#160;</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="z6db4dfc46948422c929c77da7e93b405">

      <tr>
        <td style="width: 36pt; font-family: 'Times New Roman';"><br>
        </td>
        <td style="width: 18pt; vertical-align: top; font-family: 'Times New Roman';">&#8226;</td>
        <td style="width: auto; vertical-align: top; font-family: 'Times New Roman';">
          <div>reduce the principal of or premium on or change the fixed maturity of any debt security or reduce the amount of, or postpone the date fixed for, the payment of any sinking fund or analogous obligation with respect to any series of debt
            securities;</div>
        </td>
      </tr>

  </table>
  <div style="line-height: 1.25; font-family: 'Times New Roman'; font-size: 10pt;">&#160;</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="zd2db761665a045038d6e32ed2fae2614">

      <tr>
        <td style="width: 36pt; font-family: 'Times New Roman';"><br>
        </td>
        <td style="width: 18pt; vertical-align: top; font-family: 'Times New Roman';">&#8226;</td>
        <td style="width: auto; vertical-align: top; font-family: 'Times New Roman';">
          <div>reduce the principal amount of discount securities payable upon acceleration of maturity;</div>
        </td>
      </tr>

  </table>
  <div style="line-height: 1.25; font-family: 'Times New Roman'; font-size: 10pt;">&#160;</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="z168021ab3f73497ab69715d1910082cf">

      <tr>
        <td style="width: 36pt; font-family: 'Times New Roman';"><br>
        </td>
        <td style="width: 18pt; vertical-align: top; font-family: 'Times New Roman';">&#8226;</td>
        <td style="width: auto; vertical-align: top; font-family: 'Times New Roman';">
          <div>waive a default in the payment of the principal of, premium or interest on any debt security (except a rescission of acceleration of the debt securities of any series by the holders of at least a majority in aggregate principal amount of the
            then outstanding debt securities of that series and a waiver of the payment default that resulted from such acceleration);</div>
        </td>
      </tr>

  </table>
  <div style="line-height: 1.25; font-family: 'Times New Roman'; font-size: 10pt;">&#160;</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="z2c522e1a2b0d427f9a944059a8d91609">

      <tr>
        <td style="width: 36pt; font-family: 'Times New Roman';"><br>
        </td>
        <td style="width: 18pt; vertical-align: top; font-family: 'Times New Roman';">&#8226;</td>
        <td style="width: auto; vertical-align: top; font-family: 'Times New Roman';">
          <div>make the principal of or premium or interest on any debt security payable in currency other than that stated in the debt security;</div>
        </td>
      </tr>

  </table>
  <div style="line-height: 1.25; font-family: 'Times New Roman'; font-size: 10pt;">&#160;</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="z5e9ec5f785b34e8b8d39b6df66e0fba8">

      <tr>
        <td style="width: 36pt; font-family: 'Times New Roman';"><br>
        </td>
        <td style="width: 18pt; vertical-align: top; font-family: 'Times New Roman';">&#8226;</td>
        <td style="width: auto; vertical-align: top; font-family: 'Times New Roman';">
          <div>make any change to certain provisions of the indenture relating to, among other things, the right of holders of debt securities to receive payment of the principal of, premium and interest on those debt securities and to institute suit for
            the enforcement of any such payment and to waivers or amendments; or</div>
        </td>
      </tr>

  </table>
  <div style="line-height: 1.25; font-family: 'Times New Roman'; font-size: 10pt;">&#160;</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="za873faa2afed4fccbd524e85c4a6fc48">

      <tr>
        <td style="width: 36pt; font-family: 'Times New Roman';"><br>
        </td>
        <td style="width: 18pt; vertical-align: top; font-family: 'Times New Roman';">&#8226;</td>
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          <div>waive a redemption payment with respect to any debt security.&#160; (Section 9.3)</div>
        </td>
      </tr>

  </table>
  <div style="line-height: 1.25; font-family: 'Times New Roman'; font-size: 10pt;">&#160;</div>
  <div style="text-align: left; text-indent: 24.5pt; line-height: 1.25; font-family: 'Times New Roman'; font-size: 10pt;">Except for certain specified provisions, the holders of at least a majority in principal amount of the outstanding debt securities of
    any series may on behalf of the holders of all debt securities of that series waive our compliance with provisions of the indenture.&#160; (Section 9.2) The holders of a majority in principal amount of the outstanding debt securities of any series may on
    behalf of the holders of all the debt securities of such series waive any past default under the indenture with respect to that series and its consequences, except a default in the payment of the principal of, premium or any interest on any debt
    security of that series; provided, however, that the holders of a majority in principal amount of the outstanding debt securities of any series may rescind an acceleration and its consequences, including any related payment default that resulted from
    the acceleration.&#160; (Section 6.13)</div>
  <div style="line-height: 1.25; font-family: 'Times New Roman'; font-size: 10pt;">&#160;</div>
  <div style="text-align: left; line-height: 1.25; font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">Defeasance of Debt Securities and Certain Covenants in Certain Circumstances</div>
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  <div style="text-align: left; text-indent: 24.5pt; line-height: 1.25; font-family: 'Times New Roman', serif; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-style: italic;">Legal Defeasance</font><font style="font-family: 'Times New Roman';">.&#160; The indenture provides that, unless otherwise provided by the terms of the applicable series of debt securities, we may be discharged from any and all obligations in respect of the debt securities of any series (subject to certain
      exceptions).&#160; We will be so discharged upon the irrevocable deposit with the trustee, in trust, of money and/or U.S. government obligations or, in the case of debt securities denominated in a single currency other than U.S. Dollars, government
      obligations of the government that issued or caused to be issued such currency, that, through the payment of interest and principal in accordance with their terms, will provide money or U.S. government obligations in an amount sufficient in the
      opinion of a nationally recognized firm of independent public accountants or investment bank to pay and discharge each installment of principal, premium and interest on and any mandatory sinking fund payments in respect of the debt securities of that
      series on the stated maturity of those payments in accordance with the terms of the indenture and those debt securities.</font></div>
  <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" class="BRPFPageBreakArea">
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  </div>
  <div style="line-height: 1.25; font-family: 'Times New Roman'; font-size: 10pt;">&#160;</div>
  <div style="text-align: left; text-indent: 24.5pt; line-height: 1.25; font-family: 'Times New Roman'; font-size: 10pt;">This discharge may occur only if, among other things, we have delivered to the trustee an opinion of counsel stating that we have
    received from, or there has been published by, the United States Internal Revenue Service a ruling or, since the date of execution of the indenture, there has been a change in the applicable United States federal income tax law, in either case to the
    effect that, and based thereon such opinion shall confirm that, the holders of the debt securities of that series will not recognize income, gain or loss for United States federal income tax purposes as a result of the deposit, defeasance and discharge
    and will be subject to United States federal income tax on the same amounts and in the same manner and at the same times as would have been the case if the deposit, defeasance and discharge had not occurred.&#160; (Section 8.3)</div>
  <div style="line-height: 1.25; font-family: 'Times New Roman'; font-size: 10pt;">&#160;</div>
  <div style="text-align: left; text-indent: 24.5pt; line-height: 1.25; font-family: 'Times New Roman', serif; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-style: italic;">Defeasance of Certain Covenants</font><font style="font-family: 'Times New Roman';">.&#160; The indenture provides that, unless otherwise provided by the terms of the applicable series of debt securities, upon compliance with certain conditions:</font></div>
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  <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="zd21a5d31a7f54155b428316a441fcdf0">

      <tr>
        <td style="width: 36pt; font-family: 'Times New Roman';"><br>
        </td>
        <td style="width: 18pt; vertical-align: top; font-family: 'Times New Roman';">&#8226;</td>
        <td style="width: auto; vertical-align: top; font-family: 'Times New Roman';">
          <div>we may omit to comply with the covenant described under the heading &#8220;Consolidation, Merger and Sale of Assets&#8221; and certain other covenants set forth in the indenture, as well as any additional covenants which may be set forth in the
            applicable prospectus supplement; and</div>
        </td>
      </tr>

  </table>
  <div style="line-height: 1.25; font-family: 'Times New Roman'; font-size: 10pt;">&#160;</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="z651b6099654d43d9ac0feb6e151600a2">

      <tr>
        <td style="width: 36pt; font-family: 'Times New Roman';"><br>
        </td>
        <td style="width: 18pt; vertical-align: top; font-family: 'Times New Roman';">&#8226;</td>
        <td style="width: auto; vertical-align: top; font-family: 'Times New Roman';">
          <div>any omission to comply with those covenants will not constitute a Default or an Event of Default with respect to the debt securities of that series (&#8220;covenant defeasance&#8221;).</div>
        </td>
      </tr>

  </table>
  <div style="line-height: 1.25; font-family: 'Times New Roman'; font-size: 10pt;">&#160;</div>
  <div style="text-align: left; text-indent: 24.5pt; line-height: 1.25; font-family: 'Times New Roman'; font-size: 10pt;">The conditions include:</div>
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      <tr>
        <td style="width: 36pt; font-family: 'Times New Roman';"><br>
        </td>
        <td style="width: 18pt; vertical-align: top; font-family: 'Times New Roman';">&#8226;</td>
        <td style="width: auto; vertical-align: top; font-family: 'Times New Roman';">
          <div>depositing with the trustee money and/or U.S. government obligations or, in the case of debt securities denominated in a single currency other than U.S. Dollars, government obligations of the government that issued or caused to be issued
            such currency, that, through the payment of interest and principal in accordance with their terms, will provide money in an amount sufficient in the opinion of a nationally recognized firm of independent public accountants or investment bank to
            pay and discharge each installment of principal of, premium and interest on and any mandatory sinking fund payments in respect of the debt securities of that series on the stated maturity of those payments in accordance with the terms of the
            indenture and those debt securities; and</div>
        </td>
      </tr>

  </table>
  <div style="line-height: 1.25; font-family: 'Times New Roman'; font-size: 10pt;">&#160;</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="z0bb0b195659e4201abee9e45dcc86d45">

      <tr>
        <td style="width: 36pt; font-family: 'Times New Roman';"><br>
        </td>
        <td style="width: 18pt; vertical-align: top; font-family: 'Times New Roman';">&#8226;</td>
        <td style="width: auto; vertical-align: top; font-family: 'Times New Roman';">
          <div>delivering to the trustee an opinion of counsel to the effect that the holders of the debt securities of that series will not recognize income, gain or loss for United States federal income tax purposes as a result of the deposit and related
            covenant defeasance and will be subject to United States federal income tax on the same amounts and in the same manner and at the same times as would have been the case if the deposit and related covenant defeasance had not occurred.&#160; (Section
            8.4)</div>
        </td>
      </tr>

  </table>
  <div style="line-height: 1.25; font-family: 'Times New Roman'; font-size: 10pt;">&#160;</div>
  <div style="text-align: left; line-height: 1.25; font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">No Personal Liability of Directors, Officers, Employees or Securityholders</div>
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  <div style="text-align: left; text-indent: 36pt; line-height: 1.25; font-family: 'Times New Roman'; font-size: 10pt;">None of our past, present or future directors, officers, employees or securityholders, as such, will have any liability for any of our
    obligations under the debt securities or the indenture or for any claim based on, or in respect or by reason of, such obligations or their creation.&#160; By accepting a debt security, each holder waives and releases all such liability.&#160; This waiver and
    release is part of the consideration for the issue of the debt securities.&#160; However, this waiver and release may not be effective to waive liabilities under U.S. federal securities laws, and it is the view of the SEC that such a waiver is against
    public policy.</div>
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  <div style="line-height: 1.25; font-family: 'Times New Roman'; font-size: 10pt;">&#160;</div>
  <div style="text-align: left; line-height: 1.25; font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">Governing Law</div>
  <div style="line-height: 1.25; font-family: 'Times New Roman'; font-size: 10pt;">&#160;</div>
  <div style="text-align: left; text-indent: 36pt; line-height: 1.25; font-family: 'Times New Roman'; font-size: 10pt;">The indenture and the debt securities, including any claim or controversy arising out of or relating to the indenture or the securities,
    will be governed by the laws of the State of New York.</div>
  <div style="line-height: 1.25; font-family: 'Times New Roman'; font-size: 10pt;">&#160;</div>
  <div style="text-align: left; text-indent: 36pt; line-height: 1.25; font-family: 'Times New Roman'; font-size: 10pt;">The indenture will provide that we, the trustee and the holders of the debt securities (by their acceptance of the debt securities)
    irrevocably waive, to the fullest extent permitted by applicable law, any and all right to trial by jury in any legal proceeding arising out of or relating to the indenture, the debt securities or the transactions contemplated thereby.</div>
  <div style="line-height: 1.25; font-family: 'Times New Roman'; font-size: 10pt;">&#160;</div>
  <div style="text-align: left; text-indent: 36pt; line-height: 1.25; font-family: 'Times New Roman'; font-size: 10pt;">The indenture will provide that any legal suit, action or proceeding arising out of or based upon the indenture or the transactions
    contemplated thereby may be instituted in the federal courts of the United States of America located in the City of New York or the courts of the State of New York in each case located in the City of New York, and we, the trustee and the holder of the
    debt securities (by their acceptance of the debt securities) irrevocably submit to the non-exclusive jurisdiction of such courts in any such suit, action or proceeding.&#160; The indenture will further provide that service of any process, summons, notice or
    document by mail (to the extent allowed under any applicable statute or rule of court) to such party&#8217;s address set forth in the indenture will be effective service of process for any suit, action or other proceeding brought in any such court.&#160; The
    indenture will further provide that we, the trustee and the holders of the debt securities (by their acceptance of the debt securities) irrevocably and unconditionally waive any objection to the laying of venue of any suit, action or other proceeding
    in the courts specified above and irrevocably and unconditionally waive and agree not to plead or claim any such suit, action or other proceeding has been brought in an inconvenient forum. (Section 10.10).</div>
  <div style="line-height: 1.25; font-family: 'Times New Roman'; font-size: 10pt;">&#160;</div>
  <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" class="BRPFPageBreakArea">
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  </div>
  <div style="text-align: center; line-height: 1.25; font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;"><a name="DESCRIPTIONOFWARRANTS"><!--Anchor--></a>DESCRIPTION OF WARRANTS</div>
  <div style="line-height: 1.25; font-family: 'Times New Roman'; font-size: 10pt;">&#160;</div>
  <div style="text-align: left; text-indent: 36pt; line-height: 1.25; font-family: 'Times New Roman'; font-size: 10pt;">We may issue warrants for the purchase of shares of our ordinary shares or of debt securities.&#160; We may issue warrants independently or
    together with other securities, and the warrants may be attached to or separate from any offered securities.&#160; Each series of warrants will be issued under a separate warrant agreement to be entered into between us and the investors or a warrant agent.&#160;
    The following summary of material provisions of the warrants and warrant agreements are subject to, and qualified in their entirety by reference to, all the provisions of the warrant agreement and warrant certificate applicable to a particular series
    of warrants. The terms of any warrants offered under a prospectus supplement may differ from the terms described below. We urge you to read the applicable prospectus supplement and any related free writing prospectus, as well as the complete warrant
    agreements and warrant certificates that contain the terms of the warrants.</div>
  <div style="line-height: 1.25; font-family: 'Times New Roman'; font-size: 10pt;">&#160;</div>
  <div style="text-align: left; text-indent: 36pt; line-height: 1.25; font-family: 'Times New Roman'; font-size: 10pt;">The particular terms of any issue of warrants will be described in the prospectus supplement relating to the issue.&#160; Those terms may
    include:</div>
  <div style="line-height: 1.25; font-family: 'Times New Roman'; font-size: 10pt;">&#160;</div>
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        <td style="width: 36pt; font-family: 'Times New Roman';"><br>
        </td>
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          <div>the number of ordinary shares purchasable upon the exercise of warrants to purchase such shares and the price at which such number of shares may be purchased upon such exercise;</div>
        </td>
      </tr>

  </table>
  <div style="line-height: 1.25; font-family: 'Times New Roman'; font-size: 10pt;">&#160;</div>
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      <tr>
        <td style="width: 36pt; font-family: 'Times New Roman';"><br>
        </td>
        <td style="width: 18pt; vertical-align: top; font-family: 'Times New Roman';">&#8226;</td>
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          <div>the designation, stated value and terms (including, without limitation, liquidation, dividend, conversion and voting rights) of the series of preferred stock purchasable upon exercise of warrants to purchase preferred stock;</div>
        </td>
      </tr>

  </table>
  <div style="line-height: 1.25; font-family: 'Times New Roman'; font-size: 10pt;">&#160;</div>
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      <tr>
        <td style="width: 36pt; font-family: 'Times New Roman';"><br>
        </td>
        <td style="width: 18pt; vertical-align: top; font-family: 'Times New Roman';">&#8226;</td>
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          <div>the principal amount of debt securities that may be purchased upon exercise of a debt warrant and the exercise price for the warrants, which may be payable in cash, securities or other property;</div>
        </td>
      </tr>

  </table>
  <div style="line-height: 1.25; font-family: 'Times New Roman'; font-size: 10pt;">&#160;</div>
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      <tr>
        <td style="width: 36pt; font-family: 'Times New Roman';"><br>
        </td>
        <td style="width: 18pt; vertical-align: top; font-family: 'Times New Roman';">&#8226;</td>
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          <div>the date, if any, on and after which the warrants and the related debt securities, preferred stock or common stock will be separately transferable;</div>
        </td>
      </tr>

  </table>
  <div style="line-height: 1.25; font-family: 'Times New Roman'; font-size: 10pt;">&#160;</div>
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      <tr>
        <td style="width: 36pt; font-family: 'Times New Roman';"><br>
        </td>
        <td style="width: 18pt; vertical-align: top; font-family: 'Times New Roman';">&#8226;</td>
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          <div>the terms of any rights to redeem or call the warrants;</div>
        </td>
      </tr>

  </table>
  <div style="line-height: 1.25; font-family: 'Times New Roman'; font-size: 10pt;">&#160;</div>
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      <tr>
        <td style="width: 36pt; font-family: 'Times New Roman';"><br>
        </td>
        <td style="width: 18pt; vertical-align: top; font-family: 'Times New Roman';">&#8226;</td>
        <td style="width: auto; vertical-align: top; font-family: 'Times New Roman';">
          <div>the date on which the right to exercise the warrants will commence and the date on which the right will expire;</div>
        </td>
      </tr>

  </table>
  <div style="line-height: 1.25; font-family: 'Times New Roman'; font-size: 10pt;">&#160;</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="zf8b0834838b94bd8a77d79ee44b470c1">

      <tr>
        <td style="width: 36pt; font-family: 'Times New Roman';"><br>
        </td>
        <td style="width: 18pt; vertical-align: top; font-family: 'Times New Roman';">&#8226;</td>
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          <div>United States federal income tax consequences applicable to the warrants; and</div>
        </td>
      </tr>

  </table>
  <div style="line-height: 1.25; font-family: 'Times New Roman'; font-size: 10pt;">&#160;</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="zd9c62dd7f40c499fb7d306df32ccf5c1">

      <tr>
        <td style="width: 36pt; font-family: 'Times New Roman';"><br>
        </td>
        <td style="width: 18pt; vertical-align: top; font-family: 'Times New Roman';">&#8226;</td>
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          <div>any additional terms of the warrants, including terms, procedures, and limitations relating to the exchange, exercise and settlement of the warrants.</div>
        </td>
      </tr>

  </table>
  <div style="line-height: 1.25; font-family: 'Times New Roman'; font-size: 10pt;">&#160;</div>
  <div style="text-align: left; text-indent: 18pt; line-height: 1.25; font-family: 'Times New Roman'; font-size: 10pt;">Holders of equity warrants will not be entitled:</div>
  <div style="line-height: 1.25; font-family: 'Times New Roman'; font-size: 10pt;">&#160;</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="z8dae4b94f62e43e8b23db0c0251e1a1e">

      <tr>
        <td style="width: 36pt; font-family: 'Times New Roman';"><br>
        </td>
        <td style="width: 18pt; vertical-align: top; font-family: 'Times New Roman';">&#8226;</td>
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          <div>to vote, consent or receive dividends;</div>
        </td>
      </tr>

  </table>
  <div style="line-height: 1.25; font-family: 'Times New Roman'; font-size: 10pt;">&#160;</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="zc5addd40547246519081017a6db370d6">

      <tr>
        <td style="width: 36pt; font-family: 'Times New Roman';"><br>
        </td>
        <td style="width: 18pt; vertical-align: top; font-family: 'Times New Roman';">&#8226;</td>
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          <div>receive notice as shareholders with respect to any meeting of shareholders for the election of our directors or any other matter; or</div>
        </td>
      </tr>

  </table>
  <div style="line-height: 1.25; font-family: 'Times New Roman'; font-size: 10pt;">&#160;</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="zff082b9890404bd6aa277eb9afbd7378">

      <tr>
        <td style="width: 36pt; font-family: 'Times New Roman';"><br>
        </td>
        <td style="width: 18pt; vertical-align: top; font-family: 'Times New Roman';">&#8226;</td>
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          <div>exercise any rights as shareholders of TAT.</div>
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  </table>
  <div style="line-height: 1.25; font-family: 'Times New Roman'; font-size: 10pt;">&#160;</div>
  <div style="text-align: left; text-indent: 36pt; line-height: 1.25; font-family: 'Times New Roman'; font-size: 10pt;">Each warrant will entitle its holder to purchase the principal amount of debt securities or the number of shares of preferred stock or
    common stock at the exercise price set forth in, or calculable as set forth in, the applicable prospectus supplement. Unless we otherwise specify in the applicable prospectus supplement, holders of the warrants may exercise the warrants at any time up
    to the specified time on the expiration date that we set forth in the applicable prospectus supplement.&#160; After the close of business on the expiration date, unexercised warrants will become void.</div>
  <div style="line-height: 1.25; font-family: 'Times New Roman'; font-size: 10pt;">&#160;</div>
  <div style="text-align: left; text-indent: 36pt; line-height: 1.25; font-family: 'Times New Roman'; font-size: 10pt;">A holder of warrant certificates may exchange them for new warrant certificates of different denominations, present them for
    registration of transfer and exercise them at the corporate trust office of the warrant agent or any other office indicated in the applicable prospectus supplement.&#160; Until any warrants to purchase debt securities are exercised, the holder of the
    warrants will not have any rights of holders of the debt securities that can be purchased upon exercise, including any rights to receive payments of principal, premium or interest on the underlying debt securities or to enforce covenants in the
    applicable indenture.&#160; Until any warrants to purchase common stock or preferred stock are exercised, the holders of the warrants will not have any rights of holders of the underlying common stock or preferred stock, including any rights to receive
    dividends or payments upon any liquidation, dissolution or winding up on the common stock or preferred stock, if any.</div>
  <div style="line-height: 1.25; font-family: 'Times New Roman'; font-size: 10pt;">&#160;</div>
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  <div style="text-align: center; line-height: 1.25; font-family: 'Times New Roman Bold', 'Times New Roman'; font-size: 10pt; font-weight: bold;"><font style="font-family: 'Times New Roman';"> <br>
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  <div style="text-align: center; line-height: 1.25; font-family: 'Times New Roman Bold', 'Times New Roman'; font-size: 10pt; font-weight: bold;"><a name="DESCRIPTIONOFSUBSCRIPTION"><!--Anchor--></a><font style="font-family: 'Times New Roman';">DESCRIPTION
      OF SUBSCRIPTION RIGHTS</font></div>
  <div style="line-height: 1.25; font-family: 'Times New Roman'; font-size: 10pt;">&#160;</div>
  <div style="text-align: left; text-indent: 36pt; line-height: 1.25; font-family: 'Times New Roman'; font-size: 10pt;">We may issue subscription rights to purchase our ordinary shares. These subscription rights may be issued independently or together with
    any other security offered hereby and may or may not be transferable by the shareholder receiving the subscription rights in such offering. In connection with any offering of subscription rights, we may enter into a standby arrangement with one or more
    underwriters or other purchasers pursuant to which the underwriters or other purchasers may be required to purchase any securities remaining unsubscribed for after such offering.</div>
  <div style="line-height: 1.25; font-family: 'Times New Roman'; font-size: 10pt;">&#160;</div>
  <div style="text-align: left; text-indent: 36pt; line-height: 1.25; font-family: 'Times New Roman'; font-size: 10pt;">The following description, together with the additional information included in any applicable prospectus supplement, summarizes the
    general features of the subscription rights that we may offer under this prospectus.&#160; You should read any prospectus supplement and any free writing prospectus that we may authorize to be provided to you related to the subscription rights being
    offered, as well as the complete subscription right agreements that contain the terms of the subscription rights.&#160; Specific subscription right agreements will contain additional important terms and provisions and we will file as an exhibit to the
    registration statement of which this prospectus is a part, or will incorporate by reference from another report that we file with the SEC, the form of each subscription right agreement relating to subscription rights offered under this prospectus.</div>
  <div style="line-height: 1.25; font-family: 'Times New Roman'; font-size: 10pt;">&#160;</div>
  <div style="text-align: left; text-indent: 36pt; line-height: 1.25; font-family: 'Times New Roman'; font-size: 10pt;">If we offer any subscription rights, certain terms of that series of subscription rights will be described in the applicable prospectus
    supplement, including, without limitation, the following, as applicable:</div>
  <div style="line-height: 1.25; font-family: 'Times New Roman'; font-size: 10pt;">&#160;</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="z541975deeb3b4341b7a0ca4d910aeacb">

      <tr>
        <td style="width: 54pt; font-family: 'Times New Roman';"><br>
        </td>
        <td style="width: 18pt; vertical-align: top; font-family: 'Times New Roman';">&#8226;</td>
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          <div>the price, if any, for the subscription rights;</div>
        </td>
      </tr>

  </table>
  <div style="line-height: 1.25; font-family: 'Times New Roman'; font-size: 10pt;">&#160;</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="z5e9830a6dd76423c986ee9c34d0cfe07">

      <tr>
        <td style="width: 54pt; font-family: 'Times New Roman';"><br>
        </td>
        <td style="width: 18pt; vertical-align: top; font-family: 'Times New Roman';">&#8226;</td>
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          <div>the exercise price payable for each ordinary share upon the exercise of the subscription rights;</div>
        </td>
      </tr>

  </table>
  <div style="line-height: 1.25; font-family: 'Times New Roman'; font-size: 10pt;">&#160;</div>
  <div style="line-height: 1.25; font-family: 'Times New Roman'; font-size: 10pt;"></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="zbf23c2e1576445bfb71f342b993bfc70">

      <tr>
        <td style="width: 54pt; font-family: 'Times New Roman';"><br>
        </td>
        <td style="width: 18pt; vertical-align: top; font-family: 'Times New Roman';">&#8226;</td>
        <td style="width: auto; vertical-align: top; font-family: 'Times New Roman';">
          <div>the number of subscription rights to be issued to each shareholder;</div>
        </td>
      </tr>

  </table>
  <div style="line-height: 1.25; font-family: 'Times New Roman'; font-size: 10pt;">&#160;</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="z0d99e50f598a42df965db8f5a22b4418">

      <tr>
        <td style="width: 54pt; font-family: 'Times New Roman';"><br>
        </td>
        <td style="width: 18pt; vertical-align: top; font-family: 'Times New Roman';">&#8226;</td>
        <td style="width: auto; vertical-align: top; font-family: 'Times New Roman';">
          <div>the number and terms of the shares ordinary shares which may be purchased per each subscription right;</div>
        </td>
      </tr>

  </table>
  <div style="line-height: 1.25; font-family: 'Times New Roman'; font-size: 10pt;">&#160;</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="zba58e4b6537a4c04861ae78525bf1361">

      <tr>
        <td style="width: 54pt; font-family: 'Times New Roman';"><br>
        </td>
        <td style="width: 18pt; vertical-align: top; font-family: 'Times New Roman';">&#8226;</td>
        <td style="width: auto; vertical-align: top; font-family: 'Times New Roman';">
          <div>the extent to which the subscription rights are transferable;</div>
        </td>
      </tr>

  </table>
  <div style="line-height: 1.25; font-family: 'Times New Roman'; font-size: 10pt;">&#160;</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="za080133acb8f4c59af006512ab91041e">

      <tr>
        <td style="width: 54pt; font-family: 'Times New Roman';"><br>
        </td>
        <td style="width: 18pt; vertical-align: top; font-family: 'Times New Roman';">&#8226;</td>
        <td style="width: auto; vertical-align: top; font-family: 'Times New Roman';">
          <div>any other terms of the subscription rights, including the terms, procedures and limitations relating to the exchange and exercise of the subscription rights;</div>
        </td>
      </tr>

  </table>
  <div style="line-height: 1.25; font-family: 'Times New Roman'; font-size: 10pt;">&#160;</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="z5f05ddd26aa84b12a3fb25e5e547d69f">

      <tr>
        <td style="width: 54pt; font-family: 'Times New Roman';"><br>
        </td>
        <td style="width: 18pt; vertical-align: top; font-family: 'Times New Roman';">&#8226;</td>
        <td style="width: auto; vertical-align: top; font-family: 'Times New Roman';">
          <div>the date on which the right to exercise the subscription rights shall commence, and the date on which the subscription rights shall expire;</div>
        </td>
      </tr>

  </table>
  <div style="line-height: 1.25; font-family: 'Times New Roman'; font-size: 10pt;">&#160;</div>
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      <tr>
        <td style="width: 54pt; font-family: 'Times New Roman';"><br>
        </td>
        <td style="width: 18pt; vertical-align: top; font-family: 'Times New Roman';">&#8226;</td>
        <td style="width: auto; vertical-align: top; font-family: 'Times New Roman';">
          <div>the extent to which the subscription rights may include an over-subscription privilege with respect to unsubscribed securities; and</div>
        </td>
      </tr>

  </table>
  <div style="line-height: 1.25; font-family: 'Times New Roman'; font-size: 10pt;">&#160;</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="z0f9884f7b411420d8c579eb8ba7c8eba">

      <tr>
        <td style="width: 54pt; font-family: 'Times New Roman';"><br>
        </td>
        <td style="width: 18pt; vertical-align: top; font-family: 'Times New Roman';">&#8226;</td>
        <td style="width: auto; vertical-align: top; font-family: 'Times New Roman';">
          <div>if applicable, the material terms of any standby underwriting or purchase arrangement which may be entered into by us in connection with the offering of subscription rights.</div>
        </td>
      </tr>

  </table>
  <div style="line-height: 1.25; font-family: 'Times New Roman'; font-size: 10pt;">&#160;</div>
  <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" class="BRPFPageBreakArea">
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    <div style="page-break-after: always;" class="BRPFPageBreak">
      <hr noshade="noshade" style="border-width: 0px; clear: both; margin: 4px 0px; width: 100%; height: 2px; color: #000000; background-color: #000000;"></div>
  </div>
  <div style="text-align: center; line-height: 1.25; font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;"><a name="DESCRIPTIONOFUNITS"><!--Anchor--></a>DESCRIPTION<font style="color: rgb(0, 0, 0);"> OF UNITS</font></div>
  <div style="line-height: 1.25; font-family: 'Times New Roman'; font-size: 10pt;">&#160;</div>
  <div style="text-align: left; text-indent: 36pt; line-height: 1.25; font-family: 'Times New Roman'; font-size: 10pt;">We may issue units consisting of any combination of the other types of securities offered under this prospectus in one or more series.&#160;
    We may evidence each series of units by unit certificates that we will issue under a separate agreement.&#160; We may enter into unit agreements with a unit agent.&#160; Each unit agent will be a bank or trust company that we select.&#160; We will indicate the name
    and address of the unit agent in the applicable prospectus supplement relating to a particular series of units.</div>
  <div style="line-height: 1.25; font-family: 'Times New Roman'; font-size: 10pt;">&#160;</div>
  <div style="text-align: left; text-indent: 36pt; line-height: 1.25; font-family: 'Times New Roman'; font-size: 10pt;">The following description, together with the additional information included in any applicable prospectus supplement, summarizes the
    general features of the units that we may offer under this prospectus.&#160; You should read any prospectus supplement and any free writing prospectus that we may authorize to be provided to you related to the series of units being offered, as well as the
    complete unit agreements that contain the terms of the units.&#160; Specific unit agreements will contain additional important terms and provisions and we will file as an exhibit to the registration statement of which this prospectus is a part, or will
    incorporate by reference from another report that we file with the SEC, the form of each unit agreement relating to units offered under this prospectus.</div>
  <div style="line-height: 1.25; font-family: 'Times New Roman'; font-size: 10pt;">&#160;</div>
  <div style="text-align: left; text-indent: 36pt; line-height: 1.25; font-family: 'Times New Roman'; font-size: 10pt;">If we offer any units, certain terms of that series of units will be described in the applicable prospectus supplement, including,
    without limitation, the following, as applicable:</div>
  <div style="line-height: 1.25; font-family: 'Times New Roman'; font-size: 10pt;">&#160;</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="z37dd577641dc4f55b9a6c2f5bb962fcf">

      <tr>
        <td style="width: 36pt; font-family: 'Times New Roman';"><br>
        </td>
        <td style="width: 18pt; vertical-align: top; font-family: 'Times New Roman';">&#8226;</td>
        <td style="width: auto; vertical-align: top; font-family: 'Times New Roman';">
          <div>the title of the series of units;</div>
        </td>
      </tr>

  </table>
  <div style="line-height: 1.25; font-family: 'Times New Roman'; font-size: 10pt;">&#160;</div>
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      <tr>
        <td style="width: 36pt; font-family: 'Times New Roman';"><br>
        </td>
        <td style="width: 18pt; vertical-align: top; font-family: 'Times New Roman';">&#8226;</td>
        <td style="width: auto; vertical-align: top; font-family: 'Times New Roman';">
          <div>identification and description of the separate constituent securities comprising the units;</div>
        </td>
      </tr>

  </table>
  <div style="line-height: 1.25; font-family: 'Times New Roman'; font-size: 10pt;">&#160;</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="z75e2d759e7bc49fdb08033e83ac628a7">

      <tr>
        <td style="width: 36pt; font-family: 'Times New Roman';"><br>
        </td>
        <td style="width: 18pt; vertical-align: top; font-family: 'Times New Roman';">&#8226;</td>
        <td style="width: auto; vertical-align: top; font-family: 'Times New Roman';">
          <div>the price or prices at which the units will be issued;</div>
        </td>
      </tr>

  </table>
  <div style="line-height: 1.25; font-family: 'Times New Roman'; font-size: 10pt;">&#160;</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="z68839f1360f0470bba2b6f36dc210b56">

      <tr>
        <td style="width: 36pt; font-family: 'Times New Roman';"><br>
        </td>
        <td style="width: 18pt; vertical-align: top; font-family: 'Times New Roman';">&#8226;</td>
        <td style="width: auto; vertical-align: top; font-family: 'Times New Roman';">
          <div>the date, if any, on and after which the constituent securities comprising the units will be separately transferable;</div>
        </td>
      </tr>

  </table>
  <div style="line-height: 1.25; font-family: 'Times New Roman'; font-size: 10pt;">&#160;</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="zc42f2c8be5c84b53bb1b1ad263cdd011">

      <tr>
        <td style="width: 36pt; font-family: 'Times New Roman';"><br>
        </td>
        <td style="width: 18pt; vertical-align: top; font-family: 'Times New Roman';">&#8226;</td>
        <td style="width: auto; vertical-align: top; font-family: 'Times New Roman';">
          <div>a discussion of certain United States federal income tax considerations applicable to the units; and</div>
        </td>
      </tr>

  </table>
  <div style="line-height: 1.25; font-family: 'Times New Roman'; font-size: 10pt;">&#160;</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="zd02735c0d57a44e281a6f459de21f732">

      <tr>
        <td style="width: 36pt; font-family: 'Times New Roman';"><br>
        </td>
        <td style="width: 18pt; vertical-align: top; font-family: 'Times New Roman';">&#8226;</td>
        <td style="width: auto; vertical-align: top; font-family: 'Times New Roman';">
          <div>any other terms of the units and their constituent securities.</div>
        </td>
      </tr>

  </table>
  <div style="line-height: 1.25; font-family: 'Times New Roman'; font-size: 10pt;">&#160;</div>
  <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" class="BRPFPageBreakArea">
    <div style="text-align: center;" class="BRPFPageNumberArea"><font style="font-family: 'Times New Roman',Times,serif; font-size: 10pt; color: rgb(0, 0, 0); font-weight: normal; font-style: normal;" class="BRPFPageNumber">19</font></div>
    <div style="page-break-after: always;" class="BRPFPageBreak">
      <hr noshade="noshade" style="border-width: 0px; clear: both; margin: 4px 0px; width: 100%; height: 2px; color: #000000; background-color: #000000;"></div>
  </div>
  <div style="text-align: center; line-height: 1.25; font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;"><a name="GLOBALSECURITIES"><!--Anchor--></a>GLOBAL <font style="color: rgb(0, 0, 0);">SECURITIES</font></div>
  <div style="line-height: 1.25; font-family: 'Times New Roman'; font-size: 10pt;">&#160;</div>
  <div style="text-align: left; line-height: 1.25; font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">Book-Entry, Delivery and Form</div>
  <div style="line-height: 1.25; font-family: 'Times New Roman'; font-size: 10pt;">&#160;</div>
  <div style="text-align: left; text-indent: 24.5pt; line-height: 1.25; font-family: 'Times New Roman'; font-size: 10pt;">Unless we indicate differently in any applicable prospectus supplement or free writing prospectus, the securities initially will be
    issued in book-entry form and represented by one or more global notes or global securities, or, collectively, global securities.&#160; The global securities will be deposited with, or on behalf of, The Depository Trust Company, New York, New York, as
    depositary, or DTC, and registered in the name of Cede &amp; Co., the nominee of DTC.&#160; Unless and until it is exchanged for individual certificates evidencing securities under the limited circumstances described below, a global security may not be
    transferred except as a whole by the depositary to its nominee or by the nominee to the depositary, or by the depositary or its nominee to a successor depositary or to a nominee of the successor depositary.</div>
  <div style="line-height: 1.25; font-family: 'Times New Roman'; font-size: 10pt;">&#160;</div>
  <div style="text-align: left; text-indent: 24.5pt; line-height: 1.25; font-family: 'Times New Roman'; font-size: 10pt;">DTC has advised us that it is:</div>
  <div style="line-height: 1.25; font-family: 'Times New Roman'; font-size: 10pt;">&#160;</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="zbc955a48024e47e48ded716ba87e39e8">

      <tr>
        <td style="width: 36pt; font-family: 'Times New Roman';"><br>
        </td>
        <td style="width: 18pt; vertical-align: top; font-family: 'Times New Roman';">&#8226;</td>
        <td style="width: auto; vertical-align: top; font-family: 'Times New Roman';">
          <div>a limited-purpose trust company organized under the New York Banking Law;</div>
        </td>
      </tr>

  </table>
  <div style="line-height: 1.25; font-family: 'Times New Roman'; font-size: 10pt;">&#160;</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="z3c08ffdf311d49859c548a2ad733e106">

      <tr>
        <td style="width: 36pt; font-family: 'Times New Roman';"><br>
        </td>
        <td style="width: 18pt; vertical-align: top; font-family: 'Times New Roman';">&#8226;</td>
        <td style="width: auto; vertical-align: top; font-family: 'Times New Roman';">
          <div>a &#8220;banking organization&#8221; within the meaning of the New York Banking Law;</div>
        </td>
      </tr>

  </table>
  <div style="line-height: 1.25; font-family: 'Times New Roman'; font-size: 10pt;">&#160;</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="zfef9734d259e45ff9a2b021c263401dd">

      <tr>
        <td style="width: 36pt; font-family: 'Times New Roman';"><br>
        </td>
        <td style="width: 18pt; vertical-align: top; font-family: 'Times New Roman';">&#8226;</td>
        <td style="width: auto; vertical-align: top; font-family: 'Times New Roman';">
          <div>a member of the Federal Reserve System;</div>
        </td>
      </tr>

  </table>
  <div style="line-height: 1.25; font-family: 'Times New Roman'; font-size: 10pt;">&#160;</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="zff41a341fbb54c06b5fd9bb32fc0a914">

      <tr>
        <td style="width: 36pt; font-family: 'Times New Roman';"><br>
        </td>
        <td style="width: 18pt; vertical-align: top; font-family: 'Times New Roman';">&#8226;</td>
        <td style="width: auto; vertical-align: top; font-family: 'Times New Roman';">
          <div>a &#8220;clearing corporation&#8221; within the meaning of the New York Uniform Commercial Code; and</div>
        </td>
      </tr>

  </table>
  <div style="line-height: 1.25; font-family: 'Times New Roman'; font-size: 10pt;">&#160;</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="z98a417c0088641d0ac4667876427625f">

      <tr>
        <td style="width: 36pt; font-family: 'Times New Roman';"><br>
        </td>
        <td style="width: 18pt; vertical-align: top; font-family: 'Times New Roman';">&#8226;</td>
        <td style="width: auto; vertical-align: top; font-family: 'Times New Roman';">
          <div>a &#8220;clearing agency&#8221; registered pursuant to the provisions of Section 17A of the Exchange Act.</div>
        </td>
      </tr>

  </table>
  <div style="line-height: 1.25; font-family: 'Times New Roman'; font-size: 10pt;">&#160;</div>
  <div style="text-align: left; text-indent: 24.5pt; line-height: 1.25; font-family: 'Times New Roman'; font-size: 10pt;">DTC holds securities that its participants deposit with DTC.&#160; DTC also facilitates the settlement among its participants of securities
    transactions, such as transfers and pledges, in deposited securities through electronic computerized book-entry changes in participants&#8217; accounts, thereby eliminating the need for physical movement of securities certificates.&#160; &#8220;Direct participants&#8221; in
    DTC include securities brokers and dealers, including underwriters, banks, trust companies, clearing corporations and other organizations.&#160; DTC is a wholly-owned subsidiary of The Depository Trust &amp; Clearing Corporation, or DTCC.&#160; DTCC is the
    holding company for DTC, National Securities Clearing Corporation and Fixed Income Clearing Corporation, all of which are registered clearing agencies.&#160; DTCC is owned by the users of its regulated subsidiaries.&#160; Access to the DTC system is also
    available to others, which we sometimes refer to as indirect participants, that clear through or maintain a custodial relationship with a direct participant, either directly or indirectly.&#160; The rules applicable to DTC and its participants are on file
    with the SEC.</div>
  <div style="line-height: 1.25; font-family: 'Times New Roman'; font-size: 10pt;">&#160;</div>
  <div style="text-align: left; text-indent: 24.5pt; line-height: 1.25; font-family: 'Times New Roman'; font-size: 10pt;">Purchases of securities under the DTC system must be made by or through direct participants, which will receive a credit for the
    securities on DTC&#8217;s records.&#160; The ownership interest of the actual purchaser of a security, which we sometimes refer to as a beneficial owner, is in turn recorded on the direct and indirect participants&#8217; records.&#160; Beneficial owners of securities will
    not receive written confirmation from DTC of their purchases.&#160; However, beneficial owners are expected to receive written confirmations providing details of their transactions, as well as periodic statements of their holdings, from the direct or
    indirect participants through which they purchased securities.&#160; Transfers of ownership interests in global securities are to be accomplished by entries made on the books of participants acting on behalf of beneficial owners.&#160; Beneficial owners will not
    receive certificates representing their ownership interests in the global securities, except under the limited circumstances described below.</div>
  <div style="line-height: 1.25; font-family: 'Times New Roman'; font-size: 10pt;">&#160;</div>
  <div style="text-align: left; text-indent: 24.5pt; line-height: 1.25; font-family: 'Times New Roman'; font-size: 10pt;">To facilitate subsequent transfers, all global securities deposited by direct participants with DTC will be registered in the name of
    DTC&#8217;s partnership nominee, Cede &amp; Co., or such other name as may be requested by an authorized representative of DTC.&#160; The deposit of securities with DTC and their registration in the name of Cede &amp; Co. or such other nominee will not change the
    beneficial ownership of the securities.&#160; DTC has no knowledge of the actual beneficial owners of the securities.&#160; DTC&#8217;s records reflect only the identity of the direct participants to whose accounts the securities are credited, which may or may not be
    the beneficial owners.&#160; The participants are responsible for keeping account of their holdings on behalf of their customers.</div>
  <div style="line-height: 1.25; font-family: 'Times New Roman'; font-size: 10pt;">&#160;</div>
  <div style="text-align: left; text-indent: 24.5pt; line-height: 1.25; font-family: 'Times New Roman'; font-size: 10pt;">So long as the securities are in book-entry form, you will receive payments and may transfer securities only through the facilities of
    the depositary and its direct and indirect participants.&#160; We will maintain an office or agency in the location specified in the prospectus supplement for the applicable securities, where notices and demands in respect of the securities and the
    indenture may be delivered to us and where certificated securities may be surrendered for payment, registration of transfer or exchange.</div>
  <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" class="BRPFPageBreakArea">
    <div style="text-align: center;" class="BRPFPageNumberArea"><font style="font-family: 'Times New Roman',Times,serif; font-size: 10pt; color: rgb(0, 0, 0); font-weight: normal; font-style: normal;" class="BRPFPageNumber">20</font></div>
    <div style="page-break-after: always;" class="BRPFPageBreak">
      <hr noshade="noshade" style="border-width: 0px; clear: both; margin: 4px 0px; width: 100%; height: 2px; color: #000000; background-color: #000000;"></div>
  </div>
  <div style="line-height: 1.25; font-family: 'Times New Roman'; font-size: 10pt;">&#160;</div>
  <div style="text-align: left; text-indent: 24.5pt; line-height: 1.25; font-family: 'Times New Roman'; font-size: 10pt;">Conveyance of notices and other communications by DTC to direct participants, by direct participants to indirect participants and by
    direct participants and indirect participants to beneficial owners will be governed by arrangements among them, subject to any legal requirements in effect from time to time.</div>
  <div style="line-height: 1.25; font-family: 'Times New Roman'; font-size: 10pt;">&#160;</div>
  <div style="text-align: left; text-indent: 24.5pt; line-height: 1.25; font-family: 'Times New Roman'; font-size: 10pt;">Redemption notices will be sent to DTC.&#160; If less than all of the securities of a particular series are being redeemed, DTC&#8217;s practice
    is to determine by lot the amount of the interest of each direct participant in the securities of such series to be redeemed.</div>
  <div style="line-height: 1.25; font-family: 'Times New Roman'; font-size: 10pt;">&#160;</div>
  <div style="text-align: left; text-indent: 24.5pt; line-height: 1.25; font-family: 'Times New Roman'; font-size: 10pt;">Neither DTC nor Cede &amp; Co. (or such other DTC nominee) will consent or vote with respect to the securities.&#160; Under its usual
    procedures, DTC will mail an omnibus proxy to us as soon as possible after the record date.&#160; The omnibus proxy assigns the consenting or voting rights of Cede &amp; Co. to those direct participants to whose accounts the securities of such series are
    credited on the record date, identified in a listing attached to the omnibus proxy.</div>
  <div style="line-height: 1.25; font-family: 'Times New Roman'; font-size: 10pt;">&#160;</div>
  <div style="text-align: left; text-indent: 24.5pt; line-height: 1.25; font-family: 'Times New Roman'; font-size: 10pt;">So long as securities are in book-entry form, we will make payments on those securities to the depositary or its nominee, as the
    registered owner of such securities, by wire transfer of immediately available funds.&#160; If securities are issued in definitive certificated form under the limited circumstances described below and unless if otherwise provided in the description of the
    applicable securities herein or in the applicable prospectus supplement, we will have the option of making payments by check mailed to the addresses of the persons entitled to payment or by wire transfer to bank accounts in the United States designated
    in writing to the applicable trustee or other designated party at least 15 days before the applicable payment date by the persons entitled to payment, unless a shorter period is satisfactory to the applicable trustee or other designated party.</div>
  <div style="line-height: 1.25; font-family: 'Times New Roman'; font-size: 10pt;">&#160;</div>
  <div style="text-align: left; text-indent: 24.5pt; line-height: 1.25; font-family: 'Times New Roman'; font-size: 10pt;">Redemption proceeds, distributions and dividend payments on the securities will be made to Cede &amp; Co., or such other nominee as
    may be requested by an authorized representative of DTC.&#160; DTC&#8217;s practice is to credit direct participants&#8217; accounts upon DTC&#8217;s receipt of funds and corresponding detail information from us on the payment date in accordance with their respective
    holdings shown on DTC records.&#160; Payments by participants to beneficial owners will be governed by standing instructions and customary practices, as is the case with securities held for the account of customers in bearer form or registered in &#8220;street
    name.&#8221;&#160; Those payments will be the responsibility of participants and not of DTC or us, subject to any statutory or regulatory requirements in effect from time to time.&#160; Payment of redemption proceeds, distributions and dividend payments to Cede &amp;
    Co., or such other nominee as may be requested by an authorized representative of DTC, is our responsibility, disbursement of payments to direct participants is the responsibility of DTC, and disbursement of payments to the beneficial owners is the
    responsibility of direct and indirect participants.</div>
  <div style="line-height: 1.25; font-family: 'Times New Roman'; font-size: 10pt;">&#160;</div>
  <div style="text-align: left; text-indent: 24.5pt; line-height: 1.25; font-family: 'Times New Roman'; font-size: 10pt;">Except under the limited circumstances described below, purchasers of securities will not be entitled to have securities registered in
    their names and will not receive physical delivery of securities.&#160; Accordingly, each beneficial owner must rely on the procedures of DTC and its participants to exercise any rights under the securities and the indenture.</div>
  <div style="line-height: 1.25; font-family: 'Times New Roman'; font-size: 10pt;">&#160;</div>
  <div style="text-align: left; text-indent: 24.5pt; line-height: 1.25; font-family: 'Times New Roman'; font-size: 10pt;">The laws of some jurisdictions may require that some purchasers of securities take physical delivery of securities in definitive
    form.&#160; Those laws may impair the ability to transfer or pledge beneficial interests in securities.</div>
  <div style="line-height: 1.25; font-family: 'Times New Roman'; font-size: 10pt;">&#160;</div>
  <div style="text-align: left; text-indent: 24.5pt; line-height: 1.25; font-family: 'Times New Roman'; font-size: 10pt;">DTC may discontinue providing its services as securities depositary with respect to the securities at any time by giving reasonable
    notice to us.&#160; Under such circumstances, in the event that a successor depositary is not obtained, securities certificates are required to be printed and delivered.</div>
  <div style="line-height: 1.25; font-family: 'Times New Roman'; font-size: 10pt;">&#160;</div>
  <div style="text-align: left; text-indent: 24.5pt; line-height: 1.25; font-family: 'Times New Roman'; font-size: 10pt;">As noted above, beneficial owners of a particular series of securities generally will not receive certificates representing their
    ownership interests in those securities.&#160; However, if:</div>
  <div style="line-height: 1.25; font-family: 'Times New Roman'; font-size: 10pt;">&#160;</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="z3ef50625ad85444282c55a6a7f6242a8">

      <tr>
        <td style="width: 36pt; font-family: 'Times New Roman';"><br>
        </td>
        <td style="width: 18pt; vertical-align: top; font-family: 'Times New Roman';">&#8226;</td>
        <td style="width: auto; vertical-align: top; font-family: 'Times New Roman';">
          <div>DTC notifies us that it is unwilling or unable to continue as a depositary for the global security or securities representing such series of securities or if DTC ceases to be a clearing agency registered under the Exchange Act at a time when
            it is required to be registered and a successor depositary is not appointed within 90 days of the notification to us or of our becoming aware of DTC&#8217;s ceasing to be so registered, as the case may be;</div>
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  <div style="line-height: 1.25; font-family: 'Times New Roman'; font-size: 10pt;">&#160;</div>
  <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" class="BRPFPageBreakArea">
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      <tr>
        <td style="width: 36pt; font-family: 'Times New Roman';"><br>
        </td>
        <td style="width: 18pt; vertical-align: top; font-family: 'Times New Roman';">&#8226;</td>
        <td style="width: auto; vertical-align: top; font-family: 'Times New Roman';">
          <div>we determine, in our sole discretion, not to have such securities represented by one or more global securities; or</div>
        </td>
      </tr>

  </table>
  <div style="line-height: 1.25; font-family: 'Times New Roman'; font-size: 10pt;">&#160;</div>
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        <td style="width: 36pt; font-family: 'Times New Roman';"><br>
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        <td style="width: 18pt; vertical-align: top; font-family: 'Times New Roman';">&#8226;</td>
        <td style="width: auto; vertical-align: top; font-family: 'Times New Roman';">
          <div>an Event of Default has occurred and is continuing with respect to such series of securities,</div>
        </td>
      </tr>

  </table>
  <div style="line-height: 1.25; font-family: 'Times New Roman'; font-size: 10pt;">&#160;</div>
  <div style="text-align: left; line-height: 1.25; font-family: 'Times New Roman'; font-size: 10pt;">we will prepare and deliver certificates for such securities in exchange for beneficial interests in the global securities.&#160; Any beneficial interest in a
    global security that is exchangeable under the circumstances described in the preceding sentence will be exchangeable for securities in definitive certificated form registered in the names that the depositary directs.&#160; It is expected that these
    directions will be based upon directions received by the depositary from its participants with respect to ownership of beneficial interests in the global securities.</div>
  <div style="line-height: 1.25; font-family: 'Times New Roman'; font-size: 10pt;">&#160;</div>
  <div style="text-align: justify; line-height: 1.25; font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">Euroclear and Clearstream</div>
  <div style="line-height: 1.25; font-family: 'Times New Roman'; font-size: 10pt;">&#160;</div>
  <div style="text-align: left; text-indent: 36pt; line-height: 1.25; font-family: 'Times New Roman'; font-size: 10pt;">If so provided in the applicable prospectus supplement, you may hold interests in a global security through Clearstream Banking S.A.,
    which we refer to as &#8220;Clearstream,&#8221; or Euroclear Bank S.A./N.V., as operator of the Euroclear System, which we refer to as &#8220;Euroclear,&#8221; either directly if you are a participant in Clearstream or Euroclear or indirectly through organizations which are
    participants in Clearstream or Euroclear.&#160; Clearstream and Euroclear will hold interests on behalf of their respective participants through customers&#8217; securities accounts in the names of Clearstream and Euroclear, respectively, on the books of their
    respective U.S. depositaries, which in turn will hold such interests in customers&#8217; securities accounts in such depositaries&#8217; names on DTC&#8217;s books.</div>
  <div style="line-height: 1.25; font-family: 'Times New Roman'; font-size: 10pt;">&#160;</div>
  <div style="text-align: left; text-indent: 36pt; line-height: 1.25; font-family: 'Times New Roman'; font-size: 10pt;">Clearstream and Euroclear are securities clearance systems in Europe. Clearstream and Euroclear hold securities for their respective
    participating organizations and facilitate the clearance and settlement of securities transactions between those participants through electronic book-entry changes in their accounts, thereby eliminating the need for physical movement of certificates.</div>
  <div style="line-height: 1.25; font-family: 'Times New Roman'; font-size: 10pt;">&#160;</div>
  <div style="text-align: left; text-indent: 36pt; line-height: 1.25; font-family: 'Times New Roman'; font-size: 10pt;">Payments, deliveries, transfers, exchanges, notices and other matters relating to beneficial interests in global securities owned
    through Euroclear or Clearstream must comply with the rules and procedures of those systems. Transactions between participants in Euroclear or Clearstream, on one hand, and other participants in DTC, on the other hand, are also subject to DTC&#8217;s rules
    and procedures.</div>
  <div style="line-height: 1.25; font-family: 'Times New Roman'; font-size: 10pt;">&#160;</div>
  <div style="text-align: left; text-indent: 36pt; line-height: 1.25; font-family: 'Times New Roman'; font-size: 10pt;">Investors will be able to make and receive through Euroclear and Clearstream payments, deliveries, transfers and other transactions
    involving any beneficial interests in global securities held through those systems only on days when those systems are open for business. Those systems may not be open for business on days when banks, brokers and other institutions are open for
    business in the United States.</div>
  <div style="line-height: 1.25; font-family: 'Times New Roman'; font-size: 10pt;">&#160;</div>
  <div style="text-align: left; text-indent: 36pt; line-height: 1.25; font-family: 'Times New Roman'; font-size: 10pt;">Cross-market transfers between participants in DTC, on the one hand, and participants in Euroclear or Clearstream, on the other hand,
    will be effected through DTC in accordance with the DTC&#8217;s rules on behalf of Euroclear or Clearstream, as the case may be, by their respective U.S. depositaries; however, such cross-market transactions will require delivery of instructions to Euroclear
    or Clearstream, as the case may be, by the counterparty in such system in accordance with the rules and procedures and within the established deadlines (European time) of such system. Euroclear or Clearstream, as the case may be, will, if the
    transaction meets its settlement requirements, deliver instructions to its U.S. depositary to take action to effect final settlement on its behalf by delivering or receiving interests in the global securities through DTC, and making or receiving
    payment in accordance with normal procedures for same-day fund settlement. Participants in Euroclear or Clearstream may not deliver instructions directly to their respective U.S. depositaries.</div>
  <div style="line-height: 1.25; font-family: 'Times New Roman'; font-size: 10pt;">&#160;</div>
  <div style="text-align: left; text-indent: 36pt; line-height: 1.25; font-family: 'Times New Roman'; font-size: 10pt;">Due to time zone differences, the securities accounts of a participant in Euroclear or Clearstream purchasing an interest in a global
    security from a direct participant in DTC will be credited, and any such crediting will be reported to the relevant participant in Euroclear or Clearstream, during the securities settlement processing day (which must be a business day for Euroclear or
    Clearstream) immediately following the settlement date of DTC. Cash received in Euroclear or Clearstream as a result of sales of interests in a global security by or through a participant in Euroclear or Clearstream to a direct participant in DTC will
    be received with value on the settlement date of DTC but will be available in the relevant Euroclear or Clearstream cash account only as of the business day for Euroclear or Clearstream following DTC&#8217;s settlement date.</div>
  <div style="line-height: 1.25; font-family: 'Times New Roman'; font-size: 10pt;">&#160;</div>
  <div style="text-align: justify; line-height: 1.25; font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">Other</div>
  <div style="line-height: 1.25; font-family: 'Times New Roman'; font-size: 10pt;">&#160;</div>
  <div style="text-align: left; text-indent: 36pt; line-height: 1.25; font-family: 'Times New Roman'; font-size: 10pt;">The information in this section of this prospectus concerning DTC, Clearstream, Euroclear and their respective book-entry systems has
    been obtained from sources that we believe to be reliable, but we do not take responsibility for this information. This information has been provided solely as a matter of convenience. The rules and procedures of DTC, Clearstream and Euroclear are
    solely within the control of those organizations and could change at any time. Neither we nor the trustee nor any agent of ours or of the trustee has any control over those entities and none of us takes any responsibility for their activities. You are
    urged to contact DTC, Clearstream and Euroclear or their respective participants directly to discuss those matters. In addition, although we expect that DTC, Clearstream and Euroclear will perform the foregoing procedures, none of them is under any
    obligation to perform or continue to perform such procedures and such procedures may be discontinued at any time. Neither we nor any agent of ours will have any responsibility for the performance or nonperformance by DTC, Clearstream and Euroclear or
    their respective participants of these or any other rules or procedures governing their respective operations.</div>
  <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" class="BRPFPageBreakArea">
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  </div>
  <div style="line-height: 1.25; font-family: 'Times New Roman'; font-size: 10pt;">&#160;</div>
  <div style="text-align: center; line-height: 1.25; font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;"><a name="SELLINGSHAREHOLDERS"><!--Anchor--></a>SELLING SHAREHOLDERS</div>
  <div style="line-height: 1.25; font-family: 'Times New Roman'; font-size: 10pt;">&#160;</div>
  <div style="text-align: left; text-indent: 18pt; line-height: 1.25; font-family: 'Times New Roman'; font-size: 10pt;">This prospectus relates, in part, to the offer and sale from time to time of up to 2,905,202 ordinary shares that are beneficially owned
    by the selling shareholders listed below. The ordinary shares beneficially owned by the selling shareholders were acquired, from time to time, by each of the selling shareholders in open market transactions and in privately negotiated transactions with
    other company shareholders.</div>
  <div style="line-height: 1.25; font-family: 'Times New Roman'; font-size: 10pt;">&#160;</div>
  <div style="text-align: left; text-indent: 18pt; line-height: 1.25; font-family: 'Times New Roman'; font-size: 10pt;">The table below lists the selling shareholders and other information regarding the beneficial ownership of the ordinary shares by each
    of the selling shareholders.&#160; The information in this table is based on 10,940,358 ordinary shares outstanding as of March 25, 2025.</div>
  <div style="line-height: 1.25; font-family: 'Times New Roman'; font-size: 10pt;">&#160;</div>
  <div style="text-align: left; text-indent: 18pt; line-height: 1.25; font-family: 'Times New Roman'; font-size: 10pt;">The first column lists each of the selling shareholders.&#160; The second and third columns list the number and percentage of ordinary shares
    beneficially owned by each selling shareholder prior to the offering, based on each selling shareholder&#8217;s ownership of the ordinary shares as of March 25, 2025.&#160; The fourth column lists the ordinary shares being offered by this prospectus by each of
    the selling shareholders.&#160; The fifth and sixth columns of the following table assume the sale of all of the ordinary shares offered by the selling shareholders pursuant to this prospectus.&#160; The selling shareholders may sell all, some or none of their
    shares in this offering.</div>
  <div style="line-height: 1.25; font-family: 'Times New Roman'; font-size: 10pt;">&#160;</div>
  <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; text-align: left; color: #000000; width: 100%;" id="zb366d7a9b08b4f18b7284d14dc545ed9" class="cfttable">

      <tr>
        <td valign="bottom" style="vertical-align: bottom; font-family: 'Times New Roman'; border-bottom: 2px solid rgb(0, 0, 0);">
          <div style="line-height: 1.25;">
            <div style="line-height: 1.25; font-weight: bold;">Name of selling shareholder</div>
          </div>
        </td>
        <td valign="bottom" style="font-family: 'Times New Roman'; vertical-align: bottom; padding-bottom: 2px;" colspan="1" class="cftguttercell">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; font-family: 'Times New Roman'; border-bottom: 2px solid rgb(0, 0, 0);" colspan="2">
          <div style="line-height: 1.25;">
            <div style="text-align: center; line-height: 1.25; font-weight: bold;">Number of Ordinary Shares Beneficially Owned Prior to Offering</div>
          </div>
        </td>
        <td valign="bottom" nowrap="nowrap" style="font-family: 'Times New Roman'; vertical-align: bottom; padding-bottom: 2px;" colspan="1" class="cftfncell">&#160;</td>
        <td valign="bottom" style="font-family: 'Times New Roman'; vertical-align: bottom; padding-bottom: 2px;" colspan="1" class="cftguttercell">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; font-family: 'Times New Roman'; border-bottom: 2px solid rgb(0, 0, 0);" colspan="2">
          <div style="line-height: 1.25;">
            <div style="text-align: center; line-height: 1.25; font-weight: bold;">Percentage of Ordinary Shares Beneficially Owned Prior to Offering</div>
          </div>
        </td>
        <td valign="bottom" nowrap="nowrap" style="font-family: 'Times New Roman'; vertical-align: bottom; padding-bottom: 2px;" colspan="1" class="cftfncell">&#160;</td>
        <td valign="bottom" style="font-family: 'Times New Roman'; vertical-align: bottom; padding-bottom: 2px;" colspan="1" class="cftguttercell">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; font-family: 'Times New Roman'; border-bottom: 2px solid rgb(0, 0, 0);" colspan="2">
          <div style="line-height: 1.25;">
            <div style="text-align: center; line-height: 1.25; font-weight: bold;">Number of Ordinary Shares Offered Pursuant to this Prospectus</div>
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        </td>
        <td valign="bottom" nowrap="nowrap" style="font-family: 'Times New Roman'; vertical-align: bottom; padding-bottom: 2px;" colspan="1" class="cftfncell">&#160;</td>
        <td valign="bottom" style="font-family: 'Times New Roman'; vertical-align: bottom; padding-bottom: 2px;" colspan="1" class="cftguttercell">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; font-family: 'Times New Roman'; border-bottom: 2px solid rgb(0, 0, 0);" colspan="2">
          <div style="line-height: 1.25;">
            <div style="text-align: center; line-height: 1.25; font-weight: bold;">Number of Ordinary Shares Beneficially Owned After Offering</div>
          </div>
        </td>
        <td valign="bottom" nowrap="nowrap" style="font-family: 'Times New Roman'; vertical-align: bottom; padding-bottom: 2px;" colspan="1" class="cftfncell">&#160;</td>
        <td valign="bottom" style="font-family: 'Times New Roman'; vertical-align: bottom; padding-bottom: 2px;" colspan="1" class="cftguttercell">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; font-family: 'Times New Roman'; border-bottom: 2px solid rgb(0, 0, 0);" colspan="2">
          <div style="line-height: 1.25;">
            <div style="text-align: center; line-height: 1.25; font-weight: bold;">Percentage of Ordinary Shares Beneficially Owned After Offering</div>
          </div>
        </td>
        <td valign="bottom" nowrap="nowrap" style="font-family: 'Times New Roman'; vertical-align: bottom; padding-bottom: 2px;" colspan="1" class="cftfncell">&#160;</td>
      </tr>
      <tr>
        <td valign="bottom" style="vertical-align: bottom; font-family: 'Times New Roman'; width: 40%; background-color: rgb(204, 238, 255);">
          <div style="line-height: 1.25;">FIMI Opportunity V, L.P.<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">(1)</sup>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</div>
        </td>
        <td valign="bottom" style="font-family: 'Times New Roman'; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1" class="cftguttercell">&#160;</td>
        <td valign="bottom" style="font-family: 'Times New Roman'; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1" class="cftcurrcell">&#160;</td>
        <td valign="bottom" style="font-family: 'Times New Roman'; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255);" colspan="1" class="cftnumcell">
          <div style="line-height: 1.25;">1,369,994</div>
        </td>
        <td valign="bottom" nowrap="nowrap" style="font-family: 'Times New Roman'; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1" class="cftfncell">&#160;</td>
        <td valign="bottom" style="font-family: 'Times New Roman'; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1" class="cftguttercell">&#160;</td>
        <td valign="bottom" style="font-family: 'Times New Roman'; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1" class="cftcurrcell">&#160;</td>
        <td valign="bottom" style="font-family: 'Times New Roman'; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255);" colspan="1" class="cftnumcell">
          <div style="line-height: 1.25;">12.5</div>
        </td>
        <td valign="bottom" nowrap="nowrap" style="font-family: 'Times New Roman'; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1" class="cftfncell">
          <div style="line-height: 1.25;">%</div>
        </td>
        <td valign="bottom" style="font-family: 'Times New Roman'; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1" class="cftguttercell">&#160;</td>
        <td valign="bottom" style="font-family: 'Times New Roman'; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1" class="cftcurrcell">&#160;</td>
        <td valign="bottom" style="font-family: 'Times New Roman'; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255);" colspan="1" class="cftnumcell">
          <div style="line-height: 1.25;">1,369,994</div>
        </td>
        <td valign="bottom" nowrap="nowrap" style="font-family: 'Times New Roman'; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1" class="cftfncell">&#160;</td>
        <td valign="bottom" style="font-family: 'Times New Roman'; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1" class="cftguttercell">&#160;</td>
        <td valign="bottom" style="font-family: 'Times New Roman'; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1" class="cftcurrcell">&#160;</td>
        <td valign="bottom" style="font-family: 'Times New Roman'; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255);" colspan="1" class="cftnumcell">
          <div style="line-height: 1.25;">--</div>
        </td>
        <td valign="bottom" nowrap="nowrap" style="font-family: 'Times New Roman'; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1" class="cftfncell">&#160;</td>
        <td valign="bottom" style="font-family: 'Times New Roman'; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1" class="cftguttercell">&#160;</td>
        <td valign="bottom" style="font-family: 'Times New Roman'; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1" class="cftcurrcell">&#160;</td>
        <td valign="bottom" style="font-family: 'Times New Roman'; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255);" colspan="1" class="cftnumcell">
          <div style="line-height: 1.25;">--</div>
        </td>
        <td valign="bottom" nowrap="nowrap" style="font-family: 'Times New Roman'; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1" class="cftfncell">&#160;</td>
      </tr>
      <tr>
        <td valign="bottom" style="vertical-align: bottom; font-family: 'Times New Roman'; width: 40%;">
          <div style="line-height: 1.25;">FIMI Israel Opportunity Five, Limited Partnership<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">(1)</sup></div>
        </td>
        <td valign="bottom" style="font-family: 'Times New Roman'; vertical-align: bottom; width: 1%;" colspan="1" class="cftguttercell">&#160;</td>
        <td valign="bottom" style="font-family: 'Times New Roman'; vertical-align: bottom; width: 1%;" colspan="1" class="cftcurrcell">&#160;</td>
        <td valign="bottom" style="font-family: 'Times New Roman'; vertical-align: bottom; text-align: right; width: 9%;" colspan="1" class="cftnumcell">
          <div style="line-height: 1.25;">1,535,208</div>
        </td>
        <td valign="bottom" nowrap="nowrap" style="font-family: 'Times New Roman'; vertical-align: bottom; width: 1%;" colspan="1" class="cftfncell">&#160;</td>
        <td valign="bottom" style="font-family: 'Times New Roman'; vertical-align: bottom; width: 1%;" colspan="1" class="cftguttercell">&#160;</td>
        <td valign="bottom" style="font-family: 'Times New Roman'; vertical-align: bottom; width: 1%;" colspan="1" class="cftcurrcell">&#160;</td>
        <td valign="bottom" style="font-family: 'Times New Roman'; vertical-align: bottom; text-align: right; width: 9%;" colspan="1" class="cftnumcell">
          <div style="line-height: 1.25;">14.0</div>
        </td>
        <td valign="bottom" nowrap="nowrap" style="font-family: 'Times New Roman'; vertical-align: bottom; width: 1%;" colspan="1" class="cftfncell">
          <div style="line-height: 1.25;">%</div>
        </td>
        <td valign="bottom" style="font-family: 'Times New Roman'; vertical-align: bottom; width: 1%;" colspan="1" class="cftguttercell">&#160;</td>
        <td valign="bottom" style="font-family: 'Times New Roman'; vertical-align: bottom; width: 1%;" colspan="1" class="cftcurrcell">&#160;</td>
        <td valign="bottom" style="font-family: 'Times New Roman'; vertical-align: bottom; text-align: right; width: 9%;" colspan="1" class="cftnumcell">
          <div style="line-height: 1.25;">1,535,208</div>
        </td>
        <td valign="bottom" nowrap="nowrap" style="font-family: 'Times New Roman'; vertical-align: bottom; width: 1%;" colspan="1" class="cftfncell">&#160;</td>
        <td valign="bottom" style="font-family: 'Times New Roman'; vertical-align: bottom; width: 1%;" colspan="1" class="cftguttercell">&#160;</td>
        <td valign="bottom" style="font-family: 'Times New Roman'; vertical-align: bottom; width: 1%;" colspan="1" class="cftcurrcell">&#160;</td>
        <td valign="bottom" style="font-family: 'Times New Roman'; vertical-align: bottom; text-align: right; width: 9%;" colspan="1" class="cftnumcell">
          <div style="line-height: 1.25;">--</div>
        </td>
        <td valign="bottom" nowrap="nowrap" style="font-family: 'Times New Roman'; vertical-align: bottom; width: 1%;" colspan="1" class="cftfncell">&#160;</td>
        <td valign="bottom" style="font-family: 'Times New Roman'; vertical-align: bottom; width: 1%;" colspan="1" class="cftguttercell">&#160;</td>
        <td valign="bottom" style="font-family: 'Times New Roman'; vertical-align: bottom; width: 1%;" colspan="1" class="cftcurrcell">&#160;</td>
        <td valign="bottom" style="font-family: 'Times New Roman'; vertical-align: bottom; text-align: right; width: 9%;" colspan="1" class="cftnumcell">
          <div style="line-height: 1.25;">--</div>
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        <td valign="bottom" nowrap="nowrap" style="font-family: 'Times New Roman'; vertical-align: bottom; width: 1%;" colspan="1" class="cftfncell">&#160;</td>
      </tr>

  </table>
  <div style="line-height: 1.25; font-family: 'Times New Roman'; font-size: 10pt;"><br style="line-height: 1.25;">
  </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="z3a8a7ed863ec4be2bd2d3011ab1b9a9e">

      <tr>
        <td style="width: 17.85pt; vertical-align: top; font-family: 'Times New Roman';">(1)</td>
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          <div>Based on a Schedule 13D/A filed on&#160;September 3, 2024 with the SEC and information provided to us by such shareholder, FIMI Opportunity V, L.P., FIMI Israel Opportunity Five, Limited Partnership (the &#8220;FIMI Funds&#8221;), FIMI FIVE 2012 Ltd., Shira
            and Ishay Davidi Management Ltd. and Mr. Ishay Davidi share voting and dispositive power with respect to the 2,905,202 shares held by the FIMI Funds. FIMI FIVE 2012 Ltd. is the managing general partner of the FIMI V Funds. Shira and Ishay
            Davidi Management Ltd. controls FIMI FIVE 2012 Ltd. Mr. Ishay Davidi controls 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., Alon Building 2, 94 Yigal Alon St., Tel-Aviv 6789139, Israel.</div>
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  <div style="line-height: 1.25; font-family: 'Times New Roman'; font-size: 10pt;">&#160;</div>
  <div style="text-align: left; text-indent: 18pt; line-height: 1.25; font-family: 'Times New Roman', serif; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-style: italic;">Related Party Transactions</font><font style="font-family: 'Times New Roman';">.&#160;</font></div>
  <div style="line-height: 1.25; font-family: 'Times New Roman'; font-size: 10pt;">&#160;</div>
  <div style="text-align: left; text-indent: 18pt; line-height: 1.25; font-family: 'Times New Roman', serif; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-style: italic;">Director</font><font style="font-family: 'Times New Roman';">.&#160; Mr. Gillon Beck has served on our Board of Directors since November 2022. Mr. Beck is a Senior Partner at FIMI Opportunity Funds, the selling shareholder, as well as a Director of the FIMI Opportunity Funds&#8217; General Partners
      and SPV companies<font style="color: rgb(33, 37, 41);">.</font></font></div>
  <div style="line-height: 1.25; font-family: 'Times New Roman'; font-size: 10pt;">&#160;</div>
  <div style="text-align: left; text-indent: 18pt; line-height: 1.25; font-family: 'Times New Roman', serif; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-style: italic;">Reimbursement of Company Expenses;
      Indemnification. </font><font style="font-family: 'Times New Roman';">Each of the selling shareholders has agreed (i) to reimburse us for its pro rata portion of all expenses we incur in connection with the registration and distribution of the
      securities registered hereby, and (ii) to indemnify and hold us harmless from and against any losses we or our directors, officers or related parties incur as a result of (A) any information included on behalf of such selling shareholder in this
      prospectus and in any prospectus supplement being incorrect or misleading and (B) such selling shareholder failing to deliver to us timely notice of any sale of shares by such selling shareholder or any other applicable matter relating to such
      selling shareholder, to enable us to timely file a prospectus supplement and/or to amend and/or supplement this prospectus and any prospectus supplement.</font></div>
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  <div style="line-height: 1.25; font-family: 'Times New Roman'; font-size: 10pt;">&#160;</div>
  <div style="text-align: center; line-height: 1.25; font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;"><a name="PLANOFDISTRIBUTION"><!--Anchor--></a>PLAN OF DISTRIBUTION</div>
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  <div style="text-align: left; text-indent: 36pt; line-height: 1.25; font-family: 'Times New Roman'; font-size: 10pt;">We or the selling shareholders may sell the securities included in this prospectus from time to time in one or more transactions,
    including without limitation:</div>
  <div style="line-height: 1.25; font-family: 'Times New Roman'; font-size: 10pt;">&#160;</div>
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        </td>
        <td style="width: 18pt; vertical-align: top; font-family: 'Times New Roman';">&#8226;</td>
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          <div>through agents;</div>
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      </tr>

  </table>
  <div style="line-height: 1.25; font-family: 'Times New Roman'; font-size: 10pt;">&#160;</div>
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        <td style="width: 18pt; vertical-align: top; font-family: 'Times New Roman';">&#8226;</td>
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          <div>to or through one or more underwriters on a firm commitment or agency basis;</div>
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      </tr>

  </table>
  <div style="line-height: 1.25; font-family: 'Times New Roman'; font-size: 10pt;">&#160;</div>
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        <td style="width: 54pt; font-family: 'Times New Roman';"><br>
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          <div>through put or call option transactions relating to the securities;</div>
        </td>
      </tr>

  </table>
  <div style="line-height: 1.25; font-family: 'Times New Roman'; font-size: 10pt;">&#160;</div>
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        <td style="width: 54pt; font-family: 'Times New Roman';"><br>
        </td>
        <td style="width: 18pt; vertical-align: top; font-family: 'Times New Roman';">&#8226;</td>
        <td style="width: auto; vertical-align: top; font-family: 'Times New Roman';">
          <div>through broker-dealers (acting as agent or principal);</div>
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      </tr>

  </table>
  <div style="line-height: 1.25; font-family: 'Times New Roman'; font-size: 10pt;">&#160;</div>
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        <td style="width: 54pt; font-family: 'Times New Roman';"><br>
        </td>
        <td style="width: 18pt; vertical-align: top; font-family: 'Times New Roman';">&#8226;</td>
        <td style="width: auto; vertical-align: top; font-family: 'Times New Roman';">
          <div>directly to purchasers, through a specific bidding or auction process, on a negotiated basis or otherwise;</div>
        </td>
      </tr>

  </table>
  <div style="line-height: 1.25; font-family: 'Times New Roman'; font-size: 10pt;">&#160;</div>
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      <tr>
        <td style="width: 54pt; font-family: 'Times New Roman';"><br>
        </td>
        <td style="width: 18pt; vertical-align: top; font-family: 'Times New Roman';">&#8226;</td>
        <td style="width: auto; vertical-align: top; font-family: 'Times New Roman';">
          <div>through any other method permitted pursuant to applicable law; or</div>
        </td>
      </tr>

  </table>
  <div style="line-height: 1.25; font-family: 'Times New Roman'; font-size: 10pt;">&#160;</div>
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      <tr>
        <td style="width: 54pt; font-family: 'Times New Roman';"><br>
        </td>
        <td style="width: 18pt; vertical-align: top; font-family: 'Times New Roman';">&#8226;</td>
        <td style="width: auto; vertical-align: top; font-family: 'Times New Roman';">
          <div>through a combination of any such methods of sale.</div>
        </td>
      </tr>

  </table>
  <div style="line-height: 1.25; font-family: 'Times New Roman'; font-size: 10pt;">&#160;</div>
  <div style="text-align: left; text-indent: 36pt; line-height: 1.25; font-family: 'Times New Roman'; font-size: 10pt;">At any time a particular offer of the securities covered by this prospectus is made, a revised prospectus or&#160;&#160;prospectus supplement, if
    required, will be distributed which will set forth the aggregate amount of securities covered by this prospectus being offered and the terms of the offering, including the name or names of any underwriters, dealers, brokers or agents, any discounts,
    commissions, concessions and other items constituting compensation from us and any discounts, commissions or concessions allowed or re-allowed or paid to dealers. Such prospectus supplement, and, if necessary, a post-effective amendment to the
    registration statement of which this prospectus is a part, will be filed with the SEC to reflect the disclosure of additional information with respect to the distribution of the securities covered by this prospectus. In order to comply with the
    securities laws of certain jurisdictions, if applicable, the securities sold under this prospectus may only be sold through registered or licensed brokers or dealers. In addition, in some states the securities may not be sold unless they have been
    registered or qualified for sale in the applicable state or an exemption from registration or qualification requirements is available and is complied with.</div>
  <div style="line-height: 1.25; font-family: 'Times New Roman'; font-size: 10pt;">&#160;</div>
  <div style="text-align: left; text-indent: 36pt; line-height: 1.25; font-family: 'Times New Roman'; font-size: 10pt;">Any public offering price and any discounts or concessions allowed or re-allowed or paid to dealers may be changed from time to time.</div>
  <div style="line-height: 1.25; font-family: 'Times New Roman'; font-size: 10pt;">&#160;</div>
  <div style="text-align: left; text-indent: 36pt; line-height: 1.25; font-family: 'Times New Roman'; font-size: 10pt;">The distribution of securities may be effected from time to time in one or more transactions, including block transactions and
    transactions on Nasdaq or any other organized market where the securities may be traded. The securities may be sold at a fixed price or prices, which may be changed, or at market prices prevailing at the time of sale, at prices relating to the
    prevailing market prices or at negotiated prices. The consideration may be cash or another form negotiated by the parties. Agents, underwriters or broker-dealers may be paid compensation for offering and selling the securities. That compensation may be
    in the form of discounts, concessions or commissions to be received from us or from the purchasers of the securities. Any dealers and agents participating in the distribution of the securities may be deemed to be underwriters, and compensation received
    by them on resale of the securities may be deemed to be underwriting discounts. If any such dealers or agents were deemed to be underwriters, they may be subject to statutory liabilities under the Securities Act.</div>
  <div style="line-height: 1.25; font-family: 'Times New Roman'; font-size: 10pt;">&#160;</div>
  <div style="text-align: left; text-indent: 36pt; line-height: 1.25; font-family: 'Times New Roman'; font-size: 10pt;">Agents may from time to time solicit offers to purchase the securities. If required, we will name in the applicable prospectus
    supplement any agent involved in the offer or sale of the securities and set forth any compensation payable to the agent. Unless otherwise indicated in the prospectus supplement, any agent will be acting on a best efforts basis for the period of its
    appointment. Any agent selling the securities covered by this prospectus may be deemed to be an underwriter, as that term is defined in the Securities Act, of the securities.</div>
  <div style="line-height: 1.25; font-family: 'Times New Roman'; font-size: 10pt;">&#160;</div>
  <div style="text-align: left; text-indent: 36pt; line-height: 1.25; font-family: 'Times New Roman'; font-size: 10pt;">&#160;If underwriters are used in a sale, securities will be acquired by the underwriters for their own account and may be resold from time
    to time in one or more transactions, including negotiated transactions, at a fixed public offering price or at varying prices determined at the time of sale, or under delayed delivery contracts or other contractual commitments. Securities may be
    offered to the public either through underwriting syndicates represented by one or more managing underwriters or directly by one or more firms acting as underwriters. If an underwriter or underwriters are used in the sale of securities, an underwriting
    agreement will be executed with the underwriter or underwriters, as well as any other underwriter or underwriters, with respect to a particular underwritten offering of securities, and will set forth the terms of the transactions, including
    compensation of the underwriters and dealers and the public offering price, if applicable. The prospectus and prospectus supplement will be used by the underwriters to resell the securities.</div>
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  </div>
  <div style="line-height: 1.25; font-family: 'Times New Roman'; font-size: 10pt;">&#160;</div>
  <div style="text-align: left; text-indent: 36pt; line-height: 1.25; font-family: 'Times New Roman'; font-size: 10pt;">If a dealer is used in the sale of the securities, we, the selling shareholders or an underwriter will sell the securities to the
    dealer, as principal. The dealer may then resell the securities to the public at varying prices to be determined by the dealer at the time of resale. To the extent required, we will set forth in the prospectus supplement the name of the dealer and the
    terms of the transactions.</div>
  <div style="line-height: 1.25; font-family: 'Times New Roman'; font-size: 10pt;">&#160;</div>
  <div style="text-align: left; text-indent: 36pt; line-height: 1.25; font-family: 'Times New Roman'; font-size: 10pt;">We or the selling shareholders may directly solicit offers to purchase the securities and may make sales of securities directly to
    institutional investors or others. These persons may be deemed to be underwriters within the meaning of the Securities Act with respect to any resale of the securities. To the extent required, the prospectus supplement will describe the terms of any
    such sales, including the terms of any bidding or auction process, if used.</div>
  <div style="line-height: 1.25; font-family: 'Times New Roman'; font-size: 10pt;">&#160;</div>
  <div style="text-align: left; text-indent: 36pt; line-height: 1.25; font-family: 'Times New Roman'; font-size: 10pt;">Agents, underwriters and dealers may be entitled under agreements which may be entered into with us or the selling shareholders to
    indemnification by us or the selling shareholders against specified liabilities, including liabilities incurred under the Securities Act, or to contribution by us or the selling shareholders to payments they may be required to make in respect of such
    liabilities. If required, the prospectus supplement will describe the terms and conditions of the indemnification or contribution. Some of the agents, underwriters or dealers, or their affiliates may be customers of, engage in transactions with or
    perform services for us or our subsidiaries or the selling shareholders.</div>
  <div style="line-height: 1.25; font-family: 'Times New Roman'; font-size: 10pt;">&#160;</div>
  <div style="text-align: left; text-indent: 36pt; line-height: 1.25; font-family: 'Times New Roman'; font-size: 10pt;">Any person participating in the distribution of securities registered under the registration statement that includes this prospectus
    will be subject to applicable provisions of the Exchange Act, and the applicable SEC rules and regulations, including, among others, Regulation M, which may limit the timing of purchases and sales of any of our securities by that person. Furthermore,
    Regulation M may restrict the ability of any person engaged in the distribution of our securities to engage in market-making activities with respect to our securities. These restrictions may affect the marketability of our securities and the ability of
    any person or entity to engage in market-making activities with respect to our securities.</div>
  <div style="line-height: 1.25; font-family: 'Times New Roman'; font-size: 10pt;">&#160;</div>
  <div style="text-align: left; text-indent: 36pt; line-height: 1.25; font-family: 'Times New Roman'; font-size: 10pt;">Certain persons participating in an offering may engage in over-allotment, stabilizing transactions, short-covering transactions and
    penalty bids that stabilize, maintain or otherwise affect the price of the offered securities. These activities may maintain the price of the offered securities at levels above those that might otherwise prevail in the open market, including by
    entering stabilizing bids, effecting syndicate covering transactions or imposing penalty bids, each of which is described below.</div>
  <div style="line-height: 1.25; font-family: 'Times New Roman'; font-size: 10pt;">&#160;</div>
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      <tr>
        <td style="width: 54pt; font-family: 'Times New Roman';"><br>
        </td>
        <td style="width: 18pt; vertical-align: top; font-family: 'Times New Roman';">&#8226;</td>
        <td style="width: auto; vertical-align: top; font-family: 'Times New Roman';">
          <div>A stabilizing bid means the placing of any bid, or the effecting of any purchase, for the purpose of pegging, fixing or maintaining the price of a security.</div>
        </td>
      </tr>

  </table>
  <div style="line-height: 1.25; font-family: 'Times New Roman'; font-size: 10pt;">&#160;</div>
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      <tr>
        <td style="width: 54pt; font-family: 'Times New Roman';"><br>
        </td>
        <td style="width: 18pt; vertical-align: top; font-family: 'Times New Roman';">&#8226;</td>
        <td style="width: auto; vertical-align: top; font-family: 'Times New Roman';">
          <div>A syndicate covering transaction means the placing of any bid on behalf of the underwriting syndicate or the effecting of any purchase to reduce a short position created in connection with the offering.</div>
        </td>
      </tr>

  </table>
  <div style="line-height: 1.25; font-family: 'Times New Roman'; font-size: 10pt;">&#160;</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="ze6e8bb6f029e4910a015b20a42b0d94c">

      <tr>
        <td style="width: 54pt; font-family: 'Times New Roman';"><br>
        </td>
        <td style="width: 18pt; vertical-align: top; font-family: 'Times New Roman';">&#8226;</td>
        <td style="width: auto; vertical-align: top; font-family: 'Times New Roman';">
          <div>A penalty bid means an arrangement that permits the managing underwriter to reclaim a selling concession from a syndicate member in connection with the offering when offered securities originally sold by the syndicate member are purchased in
            syndicate covering transactions.</div>
        </td>
      </tr>

  </table>
  <div style="line-height: 1.25; font-family: 'Times New Roman'; font-size: 10pt;">&#160;</div>
  <div style="text-align: left; text-indent: 36pt; line-height: 1.25; font-family: 'Times New Roman'; font-size: 10pt;">These transactions may be effected on an exchange, if the securities are listed on that exchange, or in the over-the-counter market or
    otherwise.</div>
  <div style="line-height: 1.25; font-family: 'Times New Roman'; font-size: 10pt;">&#160;</div>
  <div style="text-align: left; text-indent: 36pt; line-height: 1.25; font-family: 'Times New Roman'; font-size: 10pt;">If so indicated in the applicable prospectus supplement, we will authorize agents, underwriters or dealers to solicit offers from
    certain types of institutions to purchase offered securities from us at the public offering price set forth in such prospectus supplement pursuant to delayed delivery contracts providing for payment and delivery on a specified date in the future. Such
    contracts will be subject only to those conditions set forth in the prospectus supplement and the prospectus supplement will set forth the commission payable for solicitation of such contracts.</div>
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  <div style="line-height: 1.25; font-family: 'Times New Roman'; font-size: 10pt;">&#160;</div>
  <div style="text-align: left; text-indent: 36pt; line-height: 1.25; font-family: 'Times New Roman'; font-size: 10pt;">Any underwriters to whom offered securities are sold for public offering and sale may make a market in such offered securities, but such
    underwriters will not be obligated to do so and may discontinue any market making at any time without notice. The offered securities may or may not be listed on a national securities exchange. No assurance can be given that there will be a market for
    the offered securities.</div>
  <div style="line-height: 1.25; font-family: 'Times New Roman'; font-size: 10pt;">&#160;</div>
  <div style="text-align: left; text-indent: 36pt; line-height: 1.25; font-family: 'Times New Roman'; font-size: 10pt;">Any securities that qualify for sale pursuant to Rule 144 or Regulation S under the Securities Act may be sold under Rule 144 or
    Regulation S rather than pursuant to this prospectus.</div>
  <div style="line-height: 1.25; font-family: 'Times New Roman'; font-size: 10pt;">&#160;</div>
  <div style="text-align: left; text-indent: 36pt; line-height: 1.25; font-family: 'Times New Roman'; font-size: 10pt;">To the extent that we or the selling shareholders make sales to or through one or more underwriters or agents in at-the-market
    offerings, we or the selling shareholders will do so pursuant to the terms of a distribution agreement between us or the selling shareholders and the underwriters or agents.&#160; If we engage in at-the-market sales pursuant to a distribution agreement, we
    will sell our ordinary shares to or through one or more underwriters or agents, which may act on an agency basis or on a principal basis. During the term of any such agreement, we may sell ordinary shares on a daily basis in exchange transactions or
    otherwise as we agree with the underwriters or agents. The distribution agreement will provide that any ordinary shares sold will be sold at prices related to the then prevailing market prices for our ordinary shares. Therefore, exact figures regarding
    proceeds that will be raised or commissions to be paid cannot be determined at this time and will be described in a prospectus supplement. Pursuant to the terms of the distribution agreement, we may agree to sell, and the relevant underwriters or
    agents may agree to solicit offers to purchase, blocks of our ordinary shares or warrants. The terms of each such distribution agreement will be set forth in more detail in a prospectus supplement to this prospectus.</div>
  <div style="line-height: 1.25; font-family: 'Times New Roman'; font-size: 10pt;">&#160;</div>
  <div style="text-align: left; text-indent: 36pt; line-height: 1.25; font-family: 'Times New Roman'; font-size: 10pt;">Offers to purchase the securities offered by this prospectus may be solicited, and sales of the securities may be made, by us or the
    selling shareholders directly to institutional investors or others, who may be deemed to be underwriters within the meaning of the Securities Act with respect to any re-sales of the securities. The terms of any offer made in this manner will be
    included in the prospectus supplement relating to the offer.</div>
  <div style="line-height: 1.25; font-family: 'Times New Roman'; font-size: 10pt;">&#160;</div>
  <div style="text-align: left; text-indent: 36pt; line-height: 1.25; font-family: 'Times New Roman'; font-size: 10pt;">In connection with offerings made through underwriters or agents, we or the selling shareholders may enter into agreements with such
    underwriters or agents pursuant to which we or the selling shareholders receive our outstanding securities in consideration for the securities being offered to the public for cash. In connection with these arrangements, the underwriters or agents may
    also sell securities covered by this prospectus to hedge their positions in these outstanding securities, including in short sale transactions. If so, the underwriters or agents may use the securities received from us or the selling shareholders under
    these arrangements to close out any related open borrowings of securities.</div>
  <div style="line-height: 1.25; font-family: 'Times New Roman'; font-size: 10pt;">&#160;</div>
  <div style="text-align: left; text-indent: 36pt; line-height: 1.25; font-family: 'Times New Roman'; font-size: 10pt;">We or the selling shareholders may enter into derivative transactions with third parties or sell securities not covered by this
    prospectus to third parties in privately negotiated transactions. If the applicable prospectus supplement indicates, in connection with those derivatives, such third parties (or affiliates of such third parties) may sell securities covered by this
    prospectus and the applicable prospectus supplement, including in short sale transactions. If so, such third parties (or affiliates of such third parties) may use securities pledged by us or the selling shareholders or borrowed from us, the selling
    shareholders or others to settle those sales or to close out any related open borrowings of shares, and may use securities received from us or the selling shareholders in settlement of those derivatives to close out any related open borrowings of
    shares. The third parties (or affiliates of such third parties) in such sale transactions will be underwriters and, if not identified in this prospectus, will be identified in the applicable prospectus supplement (or a post-effective amendment).</div>
  <div style="line-height: 1.25; font-family: 'Times New Roman'; font-size: 10pt;">&#160;</div>
  <div style="text-align: left; text-indent: 36pt; line-height: 1.25; font-family: 'Times New Roman'; font-size: 10pt;">We or the selling shareholders may loan or pledge securities to a financial institution or other third party that in turn may sell the
    securities using this prospectus. Such financial institution or third party may transfer its short position to investors in our securities or in connection with a simultaneous offering of other securities offered by this prospectus or in connection
    with a simultaneous offering of other securities offered by this prospectus.</div>
  <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" class="BRPFPageBreakArea">
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    <div style="page-break-after: always;" class="BRPFPageBreak">
      <hr noshade="noshade" style="border-width: 0px; clear: both; margin: 4px 0px; width: 100%; height: 2px; color: #000000; background-color: #000000;"></div>
  </div>
  <div style="line-height: 1.25; font-family: 'Times New Roman'; font-size: 10pt;">&#160;</div>
  <div style="text-align: center; line-height: 1.25; font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;"><a name="TAXATION"><!--Anchor--></a>TAXATION</div>
  <div style="line-height: 1.25; font-family: 'Times New Roman'; font-size: 10pt;">&#160;</div>
  <div style="text-align: left; text-indent: 36pt; line-height: 1.25; font-family: 'Times New Roman'; font-size: 10pt;">Material tax consequences relating to the purchase, ownership and disposition of any of the securities registered by this prospectus
    will be set forth in the applicable prospectus supplement(s) relating to the offering of such securities.</div>
  <div style="line-height: 1.25; font-family: 'Times New Roman'; font-size: 10pt;">&#160;</div>
  <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" class="BRPFPageBreakArea">
    <div style="text-align: center;" class="BRPFPageNumberArea"><font style="font-family: 'Times New Roman',Times,serif; font-size: 10pt; color: rgb(0, 0, 0); font-weight: normal; font-style: normal;" class="BRPFPageNumber">27</font></div>
    <div style="page-break-after: always;" class="BRPFPageBreak">
      <hr noshade="noshade" style="border-width: 0px; clear: both; margin: 4px 0px; width: 100%; height: 2px; color: #000000; background-color: #000000;"></div>
  </div>
  <div style="text-align: center; line-height: 1.25; font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;"> <br>
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  <div style="text-align: center; line-height: 1.25; font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;"><a name="EXPENSES"><!--Anchor--></a>EXPENSES</div>
  <div style="line-height: 1.25; font-family: 'Times New Roman'; font-size: 10pt;">&#160;</div>
  <div style="text-align: left; text-indent: 36pt; line-height: 1.25; font-family: 'Times New Roman'; font-size: 10pt;">The following table sets forth the expenses (other than underwriting discounts and commissions or agency fees and other items
    constituting underwriters&#8217; or agents&#8217; compensation, if any) expected to be incurred by us in connection with a possible offering of the securities registered under the registration statement of which this prospectus forms a part. Each of the selling
    shareholders has agreed to reimburse us for its pro rata portion of all expenses we incur in connection with the registration and distribution of the securities registered hereby.</div>
  <div style="line-height: 1.25; font-family: 'Times New Roman'; font-size: 10pt;">&#160;</div>
  <table cellspacing="0" cellpadding="0" border="0" align="center" style="width: 65%; color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; text-align: left;" id="z1ed373fdfe1f48b4a4df524b179b6f19" class="cfttable">

      <tr>
        <td valign="bottom" style="vertical-align: top; background-color: rgb(204, 238, 255); width: 88%;">
          <div style="text-align: justify; line-height: 1.25;"><font style="font-family: 'Times New Roman'; color: rgb(35, 31, 32);">SEC Registration Fee</font><font style="font-family: 'Times New Roman';">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font></div>
        </td>
        <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1" class="cftguttercell">&#160;</td>
        <td valign="bottom" style="background-color: rgb(204, 238, 255); vertical-align: bottom; width: 1%;" colspan="1" class="cftcurrcell">
          <div style="line-height: 1.25;"><font style="font-family: 'Times New Roman'; color: rgb(35, 31, 32);">$</font></div>
        </td>
        <td valign="bottom" style="background-color: rgb(204, 238, 255); vertical-align: bottom; text-align: center; width: 9%;" colspan="1" class="cftnumcell"><font style="font-family: 'Times New Roman';">**</font> <br>
        </td>
        <td valign="bottom" nowrap="nowrap" style="background-color: rgb(204, 238, 255); vertical-align: bottom; width: 1%;" colspan="1" class="cftfncell"><br>
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      <tr>
        <td valign="bottom" style="vertical-align: top; width: 88%;">
          <div style="text-align: justify; line-height: 1.25;"><font style="font-family: 'Times New Roman'; color: rgb(35, 31, 32);">FINRA filing fee</font><font style="font-family: 'Times New Roman';">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font></div>
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        <td valign="bottom" style="font-family: 'Times New Roman'; vertical-align: bottom; width: 1%;" colspan="1" class="cftguttercell">&#160;</td>
        <td valign="bottom" style="font-family: 'Times New Roman'; vertical-align: bottom; width: 1%;" colspan="1" class="cftcurrcell">&#160;</td>
        <td valign="bottom" style="font-family: 'Times New Roman'; vertical-align: bottom; text-align: right; width: 9%;" colspan="1" class="cftnumcell">
          <div style="line-height: 1.25; color: rgb(35, 31, 32); text-align: center;">*</div>
        </td>
        <td valign="bottom" nowrap="nowrap" style="font-family: 'Times New Roman'; vertical-align: bottom; width: 1%;" colspan="1" class="cftfncell">&#160;</td>
      </tr>
      <tr>
        <td valign="bottom" style="vertical-align: top; background-color: rgb(204, 238, 255); width: 88%;">
          <div style="text-align: justify; line-height: 1.25;"><font style="font-family: 'Times New Roman'; color: rgb(35, 31, 32);">Legal fees and</font><font style="font-family: 'Times New Roman';">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font></div>
        </td>
        <td valign="bottom" style="font-family: 'Times New Roman'; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1" class="cftguttercell">&#160;</td>
        <td valign="bottom" style="font-family: 'Times New Roman'; background-color: rgb(204, 238, 255); vertical-align: bottom; width: 1%;" colspan="1" class="cftcurrcell">&#160;</td>
        <td valign="bottom" style="font-family: 'Times New Roman'; background-color: rgb(204, 238, 255); vertical-align: bottom; text-align: right; width: 9%;" colspan="1" class="cftnumcell">
          <div style="line-height: 1.25; color: rgb(35, 31, 32); text-align: center;">*</div>
        </td>
        <td valign="bottom" nowrap="nowrap" style="font-family: 'Times New Roman'; background-color: rgb(204, 238, 255); vertical-align: bottom; width: 1%;" colspan="1" class="cftfncell">&#160;</td>
      </tr>
      <tr>
        <td valign="bottom" style="vertical-align: top; width: 88%;">
          <div style="text-align: justify; line-height: 1.25;"><font style="font-family: 'Times New Roman'; color: rgb(35, 31, 32);">Accountants&#8217; fees and expenses</font><font style="font-family: 'Times New Roman';">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font></div>
        </td>
        <td valign="bottom" style="font-family: 'Times New Roman'; vertical-align: bottom; width: 1%;" colspan="1" class="cftguttercell">&#160;</td>
        <td valign="bottom" style="font-family: 'Times New Roman'; vertical-align: bottom; width: 1%;" colspan="1" class="cftcurrcell">&#160;</td>
        <td valign="bottom" style="font-family: 'Times New Roman'; vertical-align: bottom; text-align: right; width: 9%;" colspan="1" class="cftnumcell">
          <div style="line-height: 1.25; color: rgb(35, 31, 32); text-align: center;">*</div>
        </td>
        <td valign="bottom" nowrap="nowrap" style="font-family: 'Times New Roman'; vertical-align: bottom; width: 1%;" colspan="1" class="cftfncell">&#160;</td>
      </tr>
      <tr>
        <td valign="bottom" style="vertical-align: top; background-color: rgb(204, 238, 255); width: 88%;">
          <div style="text-align: justify; line-height: 1.25;"><font style="font-family: 'Times New Roman'; color: rgb(35, 31, 32);">Printing expenses</font><font style="font-family: 'Times New Roman';">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font></div>
        </td>
        <td valign="bottom" style="font-family: 'Times New Roman'; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1" class="cftguttercell">&#160;</td>
        <td valign="bottom" style="font-family: 'Times New Roman'; background-color: rgb(204, 238, 255); vertical-align: bottom; width: 1%;" colspan="1" class="cftcurrcell">&#160;</td>
        <td valign="bottom" style="font-family: 'Times New Roman'; background-color: rgb(204, 238, 255); vertical-align: bottom; text-align: right; width: 9%;" colspan="1" class="cftnumcell">
          <div style="line-height: 1.25; color: rgb(35, 31, 32); text-align: center;">*</div>
        </td>
        <td valign="bottom" nowrap="nowrap" style="font-family: 'Times New Roman'; background-color: rgb(204, 238, 255); vertical-align: bottom; width: 1%;" colspan="1" class="cftfncell">&#160;</td>
      </tr>
      <tr>
        <td valign="bottom" style="vertical-align: top; width: 88%;">
          <div style="text-align: justify; line-height: 1.25;"><font style="font-family: 'Times New Roman'; color: rgb(35, 31, 32);">Transfer agent fees and expenses</font><font style="font-family: 'Times New Roman';">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font></div>
        </td>
        <td valign="bottom" style="font-family: 'Times New Roman'; vertical-align: bottom; width: 1%;" colspan="1" class="cftguttercell">&#160;</td>
        <td valign="bottom" style="font-family: 'Times New Roman'; vertical-align: bottom; width: 1%;" colspan="1" class="cftcurrcell">&#160;</td>
        <td valign="bottom" style="font-family: 'Times New Roman'; vertical-align: bottom; text-align: right; width: 9%;" colspan="1" class="cftnumcell">
          <div style="line-height: 1.25; color: rgb(35, 31, 32); text-align: center;">*</div>
        </td>
        <td valign="bottom" nowrap="nowrap" style="font-family: 'Times New Roman'; vertical-align: bottom; width: 1%;" colspan="1" class="cftfncell">&#160;</td>
      </tr>
      <tr>
        <td valign="bottom" style="vertical-align: top; background-color: rgb(204, 238, 255); width: 88%;">
          <div style="text-align: justify; line-height: 1.25;"><font style="font-family: 'Times New Roman'; color: rgb(35, 31, 32);">Miscellaneous</font><font style="font-family: 'Times New Roman';">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font></div>
        </td>
        <td valign="bottom" style="font-family: 'Times New Roman'; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1" class="cftguttercell">&#160;</td>
        <td valign="bottom" style="font-family: 'Times New Roman'; background-color: rgb(204, 238, 255); vertical-align: bottom; width: 1%;" colspan="1" class="cftcurrcell">&#160;</td>
        <td valign="bottom" style="font-family: 'Times New Roman'; background-color: rgb(204, 238, 255); vertical-align: bottom; text-align: right; width: 9%;" colspan="1" class="cftnumcell">
          <div style="line-height: 1.25; color: rgb(35, 31, 32); text-align: center;">*</div>
        </td>
        <td valign="bottom" nowrap="nowrap" style="font-family: 'Times New Roman'; background-color: rgb(204, 238, 255); vertical-align: bottom; width: 1%;" colspan="1" class="cftfncell">&#160;</td>
      </tr>
      <tr>
        <td valign="bottom" style="vertical-align: top; width: 88%;">
          <div style="text-align: justify; line-height: 1.25;"><font style="font-family: 'Times New Roman'; font-weight: bold; color: rgb(35, 31, 32);">Total</font><font style="font-family: 'Times New Roman';">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font></div>
        </td>
        <td valign="bottom" style="font-family: 'Times New Roman'; vertical-align: bottom; width: 1%;" colspan="1" class="cftguttercell">&#160;</td>
        <td valign="bottom" style="font-family: 'Times New Roman'; vertical-align: bottom; width: 1%;" colspan="1" class="cftcurrcell">&#160;</td>
        <td valign="bottom" style="font-family: 'Times New Roman'; vertical-align: bottom; text-align: right; width: 9%;" colspan="1" class="cftnumcell">
          <div style="line-height: 1.25; color: rgb(35, 31, 32); text-align: center;">*</div>
        </td>
        <td valign="bottom" nowrap="nowrap" style="font-family: 'Times New Roman'; vertical-align: bottom; width: 1%;" colspan="1" class="cftfncell">&#160;</td>
      </tr>

  </table>
  _________________<br style="line-height: 1.25;">
  <div style="line-height: 1.25;"> </div>
  <div style="text-align: justify; line-height: 1.25; font-family: 'Times New Roman'; font-size: 10pt;">*&#160; Estimated fees and expenses are not presently known. If required, to be provided by a prospectus supplement or as an exhibit to a Current Report on
    Form 6-K that is incorporated by reference into this prospectus.</div>
  <div style="line-height: 1.25; font-family: 'Times New Roman'; font-size: 10pt;">&#160;</div>
  <div style="text-align: justify; line-height: 1.25; font-family: 'Times New Roman'; font-size: 10pt;">** To be filed by amendment.</div>
  <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" class="BRPFPageBreakArea">
    <div style="text-align: center;" class="BRPFPageNumberArea"><font style="font-family: 'Times New Roman',Times,serif; font-size: 10pt; color: rgb(0, 0, 0); font-weight: normal; font-style: normal;" class="BRPFPageNumber">28</font></div>
    <div style="page-break-after: always;" class="BRPFPageBreak">
      <hr noshade="noshade" style="border-width: 0px; clear: both; margin: 4px 0px; width: 100%; height: 2px; color: #000000; background-color: #000000;"></div>
  </div>
  <div style="line-height: 1.25; font-family: 'Times New Roman'; font-size: 10pt;">&#160;</div>
  <div style="text-align: center; line-height: 1.25; font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;"><a name="FOREIGNEXCHANGECONTROLSAN"><!--Anchor--></a>FOREIGN EXCHANGE CONTROLS AND OTHER LIMITATIONS</div>
  <div style="line-height: 1.25; font-family: 'Times New Roman'; font-size: 10pt;">&#160;</div>
  <div style="text-align: left; text-indent: 36pt; line-height: 1.25; font-family: 'Times New Roman'; font-size: 10pt;">Israeli law and regulations do not impose any material foreign exchange restrictions on non&#8209;Israeli holders of our ordinary shares and
    warrants.</div>
  <div style="line-height: 1.25; font-family: 'Times New Roman'; font-size: 10pt;">&#160;</div>
  <div style="text-align: left; text-indent: 36pt; line-height: 1.25; font-family: 'Times New Roman'; font-size: 10pt;">Non&#8209;residents of Israel who purchase our ordinary shares will be able to convert dividends, if any, thereon, and any amounts payable
    upon our dissolution, liquidation or winding up, as well as the proceeds of any sale in Israel of our ordinary shares to an Israeli resident, into freely repairable dollars, at the exchange rate prevailing at the time of conversion, provided that the
    Israeli income tax has been withheld (or paid) with respect to such amounts or an exemption has been obtained.</div>
  <div style="line-height: 1.25; font-family: 'Times New Roman'; font-size: 10pt;">&#160;</div>
  <div style="text-align: center; line-height: 1.25; font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;"><a name="LEGALMATTERS"><!--Anchor--></a>LEGAL MATTERS</div>
  <div style="line-height: 1.25; font-family: 'Times New Roman'; font-size: 10pt;">&#160;</div>
  <div style="text-align: left; text-indent: 36pt; line-height: 1.25; font-family: 'Times New Roman'; font-size: 10pt;">The validity of our ordinary shares and certain other matters of Israeli law will be passed upon for us by Naschitz, Brandes, Amir &amp;
    Co., Tel-Aviv, Israel. The validity of the debt securities, warrants and units offered hereby will be passed upon for us by Carter Ledyard &amp; Milburn LLP, New York, New York. Additional legal matters may be passed upon for us, any underwriters,
    dealers or agents by counsel that we will name in the applicable prospectus supplement.</div>
  <div style="line-height: 1.25; font-family: 'Times New Roman'; font-size: 10pt;">&#160;</div>
  <div style="text-align: center; line-height: 1.25; font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;"><a name="EXPERTS"><!--Anchor--></a>EXPERTS</div>
  <div style="line-height: 1.25; font-family: 'Times New Roman'; font-size: 10pt;">&#160;</div>
  <div style="text-align: left; text-indent: 36pt; line-height: 1.25; font-family: 'Times New Roman'; font-size: 10pt;">The financial statements incorporated in this prospectus by reference to the Annual Report on Form 20-F for the year ended December 31,
    2024 have been so incorporated in the reliance on the report of Kesselman &amp; Kesselman, a member firm of PricewaterhouseCoopers International Limited, independent registered public accounting firm, given on the authority of such firm as experts in
    auditing and accounting.</div>
  <div style="line-height: 1.25; font-family: 'Times New Roman'; font-size: 10pt;">&#160;</div>
  <div style="text-align: center; line-height: 1.25; font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;"><a name="ENFORCEABILITYOFCIVILLIAB"><!--Anchor--></a>ENFORCEABILITY OF CIVIL LIABILITIES AND AGENT FOR<br>
    SERVICE OF PROCESS IN THE UNITED STATES</div>
  <div style="line-height: 1.25; font-family: 'Times New Roman'; font-size: 10pt;">&#160;</div>
  <div style="text-align: left; text-indent: 36pt; line-height: 1.25; font-family: 'Times New Roman'; font-size: 10pt;">Service of process upon us and upon our directors and officers and the Israeli experts named in this prospectus, most of whom reside
    outside the United States, may be difficult to obtain within the United States.&#160; Furthermore, because substantially all of our assets and substantially all of our directors and officers are located outside the United States, any judgment obtained in
    the United States against us or any of our directors and officers may not be collectible within the United States.</div>
  <div style="line-height: 1.25; font-family: 'Times New Roman'; font-size: 10pt;">&#160;</div>
  <div style="text-align: left; text-indent: 36pt; line-height: 1.25; font-family: 'Times New Roman'; font-size: 10pt;">We have been informed by our legal counsel in Israel, Naschitz, Brandes, Amir &amp; Co., Advocates, our legal counsel in Israel that it
    may be difficult to assert U.S. securities laws claims in original actions instituted in Israel. Israeli courts may refuse to hear a claim based on a violation of U.S. securities laws because Israel is not the most appropriate forum in which to bring
    such a claim. In addition, even if an Israeli court agrees to hear a claim, it may determine that Israeli law and not U.S. law is applicable to the claim. If U.S. law is found to be applicable, the content of applicable U.S. law must be proven as a
    fact which can be a time-consuming and costly process. Matters of procedure will also be governed by Israeli law.</div>
  <div style="line-height: 1.25; font-family: 'Times New Roman'; font-size: 10pt;">&#160;</div>
  <div style="text-align: left; text-indent: 36pt; line-height: 1.25; font-family: 'Times New Roman'; font-size: 10pt;">We have irrevocably appointed our subsidiary, Piedmont Aviation Component Services LLC as our agent to receive service of process in any
    action against us in any U.S. federal or state court arising out of this offering or any purchase or sale of securities in connection with this offering. Subject to specified time limitations and legal procedures, Israeli courts may enforce a U.S.
    judgment in a civil matter which is non-appealable, including a judgment based upon the civil liability provisions of the Securities Act or the Exchange Act and including a monetary or compensatory judgment in a non-civil matter, provided that, among
    other things: </div>
  <div style="line-height: 1.25; font-family: 'Times New Roman'; font-size: 10pt;"><br>
  </div>
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      <tr>
        <td style="width: 36pt; font-family: 'Times New Roman';"><br>
        </td>
        <td style="width: 18pt; vertical-align: top; font-family: 'Times New Roman';">&#8226;</td>
        <td style="width: auto; vertical-align: top; font-family: 'Times New Roman';">
          <div>the judgment was rendered by a court of competent jurisdiction, according to the laws of the state in which the judgment is given;</div>
        </td>
      </tr>

  </table>
  <div style="line-height: 1.25; font-family: 'Times New Roman'; font-size: 10pt;">&#160;</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="z5f1d4b1acd214e089732be63883eb970">

      <tr>
        <td style="width: 36pt; font-family: 'Times New Roman';"><br>
        </td>
        <td style="width: 18pt; vertical-align: top; font-family: 'Times New Roman';">&#8226;</td>
        <td style="width: auto; vertical-align: top; font-family: 'Times New Roman';">
          <div>the judgment is enforceable according to the laws of Israel and according to the law of the foreign state in which the relief was granted; and</div>
        </td>
      </tr>

  </table>
  <div style="line-height: 1.25; font-family: 'Times New Roman'; font-size: 10pt;">&#160;</div>
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      <tr>
        <td style="width: 36pt; font-family: 'Times New Roman';"><br>
        </td>
        <td style="width: 18pt; vertical-align: top; font-family: 'Times New Roman';">&#8226;</td>
        <td style="width: auto; vertical-align: top; font-family: 'Times New Roman';">
          <div>the judgment is not contrary to public policy of Israel.</div>
        </td>
      </tr>

  </table>
  <div style="line-height: 1.25; font-family: 'Times New Roman'; font-size: 10pt;">&#160;</div>
  <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" class="BRPFPageBreakArea">
    <div style="text-align: center;" class="BRPFPageNumberArea"><font style="font-family: 'Times New Roman',Times,serif; font-size: 10pt; color: rgb(0, 0, 0); font-weight: normal; font-style: normal;" class="BRPFPageNumber">29</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: left; text-indent: 36pt; line-height: 1.25; font-family: 'Times New Roman'; font-size: 10pt;">Even if such conditions are met, an Israeli court may not declare a foreign civil judgment enforceable if:</div>
  <div style="line-height: 1.25; font-family: 'Times New Roman'; font-size: 10pt;">&#160;</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="z2316c564a70242a6854b6618a6bb3236">

      <tr>
        <td style="width: 36pt; font-family: 'Times New Roman';"><br>
        </td>
        <td style="width: 18pt; vertical-align: top; font-family: 'Times New Roman';">&#8226;</td>
        <td style="width: auto; vertical-align: top; font-family: 'Times New Roman';">
          <div>the prevailing law of the foreign state in which the judgment is rendered does not allow for the enforcement of judgments of Israeli courts (subject to exceptional cases);</div>
        </td>
      </tr>

  </table>
  <div style="line-height: 1.25; font-family: 'Times New Roman'; font-size: 10pt;">&#160;</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="z811a36dc169545a1985dc19ec0daf6b0">

      <tr>
        <td style="width: 36pt; font-family: 'Times New Roman';"><br>
        </td>
        <td style="width: 18pt; vertical-align: top; font-family: 'Times New Roman';">&#8226;</td>
        <td style="width: auto; vertical-align: top; font-family: 'Times New Roman';">
          <div>the defendant did not have a reasonable opportunity to be heard and to present his or her evidence, in the opinion of the Israeli court;</div>
        </td>
      </tr>

  </table>
  <div style="line-height: 1.25; font-family: 'Times New Roman'; font-size: 10pt;">&#160;</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="z726c887c6c3e4e3d8d8c08fd3fdfee93">

      <tr>
        <td style="width: 36pt; font-family: 'Times New Roman';"><br>
        </td>
        <td style="width: 18pt; vertical-align: top; font-family: 'Times New Roman';">&#8226;</td>
        <td style="width: auto; vertical-align: top; font-family: 'Times New Roman';">
          <div>the enforcement of the civil liabilities set forth in the judgment is likely to impair the security or sovereignty of Israel;</div>
        </td>
      </tr>

  </table>
  <div style="line-height: 1.25; font-family: 'Times New Roman'; font-size: 10pt;">&#160;</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="zf714771e063146f98c6e71d57dcd76cf">

      <tr>
        <td style="width: 36pt; font-family: 'Times New Roman';"><br>
        </td>
        <td style="width: 18pt; vertical-align: top; font-family: 'Times New Roman';">&#8226;</td>
        <td style="width: auto; vertical-align: top; font-family: 'Times New Roman';">
          <div>the judgment was obtained by fraud;</div>
        </td>
      </tr>

  </table>
  <div style="line-height: 1.25; font-family: 'Times New Roman'; font-size: 10pt;">&#160;</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="z447d35033a144f968b4ba9a35f488200">

      <tr>
        <td style="width: 36pt; font-family: 'Times New Roman';"><br>
        </td>
        <td style="width: 18pt; vertical-align: top; font-family: 'Times New Roman';">&#8226;</td>
        <td style="width: auto; vertical-align: top; font-family: 'Times New Roman';">
          <div>the judgment was rendered by a court not competent to render it according to the rules of private international law prevailing in Israel;</div>
        </td>
      </tr>

  </table>
  <div style="line-height: 1.25; font-family: 'Times New Roman'; font-size: 10pt;">&#160;</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="ze56cab4cd08046d4baf706fe7257094f">

      <tr>
        <td style="width: 36pt; font-family: 'Times New Roman';"><br>
        </td>
        <td style="width: 18pt; vertical-align: top; font-family: 'Times New Roman';">&#8226;</td>
        <td style="width: auto; vertical-align: top; font-family: 'Times New Roman';">
          <div>the judgment conflicts with any other valid judgment in the same matter between the same parties; or</div>
        </td>
      </tr>

  </table>
  <div style="line-height: 1.25; font-family: 'Times New Roman'; font-size: 10pt;">&#160;</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="z535a3a630506480aab7c2e39b59248dd">

      <tr>
        <td style="width: 36pt; font-family: 'Times New Roman';"><br>
        </td>
        <td style="width: 18pt; vertical-align: top; font-family: 'Times New Roman';">&#8226;</td>
        <td style="width: auto; vertical-align: top; font-family: 'Times New Roman';">
          <div>an action between the same parties in the same matter was pending in any Israeli court or tribunal at the time at which the lawsuit was instituted in the foreign court.</div>
        </td>
      </tr>

  </table>
  <div style="line-height: 1.25; font-family: 'Times New Roman'; font-size: 10pt;">&#160;</div>
  <div style="text-align: left; text-indent: 36pt; line-height: 1.25; font-family: 'Times New Roman'; font-size: 10pt;">If a foreign judgment is enforced by an Israeli court, it generally will be payable in Israeli currency, which can then be converted
    into non-Israeli currency and transferred out of Israel. The usual practice in an action before an Israeli court to recover an amount in a non-Israeli currency is for the Israeli court to issue a judgment for the equivalent amount in Israeli currency
    at the rate of exchange in force on the date of the judgment, but the judgment debtor may make payment in foreign currency. Pending collection, the amount of the judgment of an Israeli court stated in Israeli currency ordinarily will be linked to the
    Israeli consumer price index plus interest at the annual statutory rate set by Israeli regulations prevailing at the time. Judgment creditors must bear the risk of unfavorable exchange rates.</div>
  <div style="line-height: 1.25; font-family: 'Times New Roman'; font-size: 10pt;">&#160;</div>
  <div style="text-align: center; line-height: 1.25; font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;"><a name="AUTHORIZEDREPRESENTATIVE"><!--Anchor--></a>AUTHORIZED REPRESENTATIVE</div>
  <div style="line-height: 1.25; font-family: 'Times New Roman'; font-size: 10pt;">&#160;</div>
  <div style="text-align: left; text-indent: 36pt; line-height: 1.25; font-family: 'Times New Roman'; font-size: 10pt;">Our authorized representative in the United States for this offering as required pursuant to Section 6(a) of the Securities Act is our
    subsidiary, Piedmont Aviation Component Services LLC, 9335 Harris Corners Parkway, Charlotte, NC 28269.</div>
  <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" class="BRPFPageBreakArea">
    <div style="text-align: center;" class="BRPFPageNumberArea"><font style="font-family: 'Times New Roman',Times,serif; font-size: 10pt; color: rgb(0, 0, 0); font-weight: normal; font-style: normal;" class="BRPFPageNumber">30</font></div>
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  </div>
  <div style="text-align: left; text-indent: 36pt; line-height: 1.25; font-family: 'Times New Roman'; font-size: 10pt;"> <br>
  </div>
  <div style="line-height: 1.25; font-family: 'Times New Roman',Times,serif; font-size: 10pt;">
    <table cellspacing="0" cellpadding="0" border="0" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; color: #000000; width: 100%;" id="zfaa5d32d2547481181bcf2f87274fba6">

        <tr>
          <td style="width: 100%;">
            <div>
              <div style="text-align: left; line-height: 1.25; font-family: 'Times New Roman';">
                <div style="text-align: center; line-height: 1.25; font-weight: bold;">TAT TECHNOLOGIES LTD.</div>
                <div style="text-align: center; line-height: 1.25; font-weight: bold;"> <br>
                </div>
                <div style="text-align: center; line-height: 1.25; font-weight: bold;"> <br>
                </div>
                <div style="text-align: center; line-height: 1.25; font-weight: bold;">
                  <div style="line-height: 1.25;"><img width="155" height="50" src="image0.jpg">
                    <div><br>
                    </div>
                    <div>
                      <div style="line-height: 1.25;"><font style="font-weight: bold; color: rgb(35, 31, 32);">PROSPECTUS DATED</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="font-weight: bold; color: rgb(35, 31, 32);">, 2025</font></div>
                    </div>
                  </div>
                </div>
              </div>
            </div>
          </td>
        </tr>

    </table>
  </div>
  <br>
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  </div>
  <div style="text-align: center; line-height: 1.25; font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;"> <br>
  </div>
  <div style="text-align: center; line-height: 1.25; font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">PART II</div>
  <div style="line-height: 1.25; font-family: 'Times New Roman'; font-size: 10pt;">&#160;</div>
  <div style="text-align: center; line-height: 1.25; font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">INFORMATION NOT REQUIRED IN PROSPECTUS</div>
  <div style="line-height: 1.25; font-family: 'Times New Roman'; font-size: 10pt;">&#160;</div>
  <div style="text-align: left; line-height: 1.25; font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">Item 8. Indemnification of Directors, Officers and Employees</div>
  <div style="line-height: 1.25; font-family: 'Times New Roman'; font-size: 10pt;">&#160;</div>
  <div style="text-align: left; text-indent: 36pt; line-height: 1.25; font-family: 'Times New Roman'; font-size: 10pt;">Under Israeli Companies Law, 5759-1999, or the Israeli Companies Law, a company may not exempt an office holder from liability with
    respect to a breach of his fiduciary duty, but may exempt in advance an office holder from his liability to the company, in whole or in part, with respect to a breach of his duty of care.&#160; However, a company may not exculpate in advance a director from
    his or her liability to the company with respect to a breach of his duty of care in connection with distributions (as defined in the Israeli Companies Law) or for certain breaches listed below.</div>
  <div style="line-height: 1.25; font-family: 'Times New Roman'; font-size: 10pt;"><br style="line-height: 1.25;">
  </div>
  <div style="text-align: left; text-indent: 36pt; line-height: 1.25; font-family: 'Times New Roman'; font-size: 10pt;">Pursuant to the Israeli Companies Law, a company may indemnify an office holder against: (i) a financial obligation imposed on him in
    favor of another person by a court judgment, including a compromise judgment or an arbitrator&#8217;s award approved by court; (ii) reasonable litigation expenses, including attorney&#8217;s fees, expended by the office holder as a result of an investigation or
    proceeding instituted against him by a competent&#160; authority, provided that such investigation or proceeding concluded without the filing of an indictment against him and either (A) concluded without the imposition of any financial liability in lieu of
    criminal proceedings or (B) concluded with the imposition of a financial liability in lieu of criminal proceedings but relates to a criminal offense that does not require proof of criminal intent; and (iii) expenses, including reasonable litigation
    expenses and legal fees, incurred by an office holder as a result of a proceeding instituted against such office holder in relation to (A) infringements that may impose financial sanction pursuant to the provisions of Chapter H&#8217;3 under the Israeli
    Securities Law, 5728-1968, or the Securities Law, or (B) administrative infringements pursuant to the provisions of Chapter H&#8217;4 under the Securities Law, or (C) infringements pursuant to the provisions of Chapter I&#8217;1 under the Securities Law.</div>
  <div style="line-height: 1.25; font-family: 'Times New Roman'; font-size: 10pt;"><br style="line-height: 1.25;">
  </div>
  <div style="text-align: left; text-indent: 36pt; line-height: 1.25; font-family: 'Times New Roman'; font-size: 10pt;">The indemnification of an office holder must be expressly permitted in the articles of association, under which the company may (i)
    undertake in advance to indemnify its office holders with respect to certain types of events that can be foreseen at the time of giving such undertaking and up to an amount determined by the board of directors to be reasonable under the circumstances,
    or (ii) provide indemnification retroactively in amounts deemed to be reasonable by the board of directors.</div>
  <div style="line-height: 1.25; font-family: 'Times New Roman'; font-size: 10pt;"><br style="line-height: 1.25;">
  </div>
  <div style="text-align: left; text-indent: 36pt; line-height: 1.25; font-family: 'Times New Roman'; font-size: 10pt;">A company may also procure insurance for an office holder&#8217;s liability in consequence of an act performed in the scope of his office, in
    the following cases: (i) a breach of the duty of care of such office holder, (ii) a breach of fiduciary duty, only if the office holder acted in good faith and had reasonable grounds to believe that such act would not be detrimental to the company, or
    (iii) a monetary obligation imposed on the office holder for the benefit of another person. Subject to the provisions of the Israeli Companies Law and the Securities Law, a company may also enter into a contract for procurement of insurance for an
    office holder for (a) expenses, including reasonable litigation expenses and legal fees, incurred by the office holder as a result of a proceeding instituted against such office holder in relation to (A) infringements that may impose financial sanction
    pursuant to the provisions of Chapter H&#8217;3 under the Securities Law or (B) administrative infringements pursuant to the provisions of Chapter H&#8217;4 under the Securities Law or (C) infringements pursuant to the provisions of Chapter I&#8217;1 under the
    Securities Law and (b) payments made to the injured parties of such infringement under Section 52ND(a)(1)(a) of the Securities Law.</div>
  <div style="line-height: 1.25; font-family: 'Times New Roman'; font-size: 10pt;"><br style="line-height: 1.25;">
  </div>
  <div style="text-align: left; text-indent: 36pt; line-height: 1.25; font-family: 'Times New Roman'; font-size: 10pt;">A company may not indemnify an office holder against, nor enter into an insurance contract which would provide coverage for, any
    monetary liability incurred as a result of any of the following:</div>
  <div style="line-height: 1.25; font-family: 'Times New Roman'; font-size: 10pt;"><br style="line-height: 1.25;">
  </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="z04836f0b6210447ebe5a78e438a86de4">

      <tr>
        <td style="width: 54pt; font-family: 'Times New Roman';"><br>
        </td>
        <td style="width: 18pt; vertical-align: top; color: rgb(0, 0, 0); font-family: 'Times New Roman';">&#8226;</td>
        <td style="width: auto; vertical-align: top; font-family: 'Times New Roman';">
          <div>a breach by the office holder of his fiduciary duty unless the office holder acted in good faith and had a reasonable basis to believe that the act would not prejudice the company;</div>
        </td>
      </tr>

  </table>
  <div style="line-height: 1.25; font-family: 'Times New Roman'; font-size: 10pt;">&#160;</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="zcb5133e1ab32492d81c150de6776c600">

      <tr>
        <td style="width: 54pt; font-family: 'Times New Roman';"><br>
        </td>
        <td style="width: 18pt; vertical-align: top; color: rgb(0, 0, 0); font-family: 'Times New Roman';">&#8226;</td>
        <td style="width: auto; vertical-align: top; font-family: 'Times New Roman';">
          <div>a breach by the office holder of his duty of care if such breach was performed intentionally or recklessly;</div>
        </td>
      </tr>

  </table>
  <div style="line-height: 1.25; font-family: 'Times New Roman'; font-size: 10pt;">&#160;</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="ze8ceb2d22c2249b2b32563782afcb8ad">

      <tr>
        <td style="width: 54pt; font-family: 'Times New Roman';"><br>
        </td>
        <td style="width: 18pt; vertical-align: top; color: rgb(0, 0, 0); font-family: 'Times New Roman';">&#8226;</td>
        <td style="width: auto; vertical-align: top; font-family: 'Times New Roman';">
          <div>any act or omission carried out with the intent to derive an illegal personal gain; or</div>
        </td>
      </tr>

  </table>
  <div style="line-height: 1.25; font-family: 'Times New Roman'; font-size: 10pt;">&#160;</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="za9032ac7124345988b3f51a5beafbbd7">

      <tr>
        <td style="width: 54pt; font-family: 'Times New Roman';"><br>
        </td>
        <td style="width: 18pt; vertical-align: top; font-family: 'Times New Roman';">&#8226;</td>
        <td style="width: auto; vertical-align: top; font-family: 'Times New Roman';">
          <div>any fine or penalty levied against the office holder as a result of a criminal offense.</div>
        </td>
      </tr>

  </table>
  <div style="text-align: left; text-indent: 36pt; line-height: 1.25; font-family: 'Times New Roman'; font-size: 10pt;"><br style="line-height: 1.25;">
  </div>
  <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" class="BRPFPageBreakArea">
    <div style="page-break-after: always;" class="BRPFPageBreak">
      <hr noshade="noshade" style="border-width: 0px; clear: both; margin: 4px 0px; width: 100%; height: 2px; color: #000000; background-color: #000000;"></div>
  </div>
  <!--PROfilePageNumberReset%Num%2%II-%%-->
  <div style="text-align: left; text-indent: 36pt; line-height: 1.25; font-family: 'Times New Roman'; font-size: 10pt;">Under the Israeli Companies Law, exemption and indemnification of, and procurement of insurance coverage for, a company&#8217;s office
    holders, must be approved under the same terms that apply to approval of the terms of office and employment of the office holders.</div>
  <div style="line-height: 1.25; font-family: 'Times New Roman'; font-size: 10pt;"><br style="line-height: 1.25;">
  </div>
  <div style="text-align: left; text-indent: 36pt; line-height: 1.25; font-family: 'Times New Roman'; font-size: 10pt;">Our Articles of Association allow us to exempt any office holder to the maximum extent permitted by law, before or after the occurrence
    giving rise to such exemption. Our Articles of Association also provide that we may indemnify any office holder, to the maximum extent permitted by law, against any liabilities he or she may incur in such capacity, limited with respect (i) to the
    categories of events that can be foreseen in advance by our Board of Directors when authorizing such undertaking and (ii) to the amount of such indemnification as determined retroactively by our Board of Directors to be reasonable in the particular
    circumstances. Similarly, we may also agree to indemnify an office holder for past occurrences, whether or not we are obligated under any agreement to provide such indemnification; provided, however, that total amount of indemnification that the
    Company may pay (in addition to amounts received from an insurance company, if any) to all officer holders of the Company, in the aggregate, shall not exceed more than 25% the Company's shareholders' equity, as determined based on the Company's latest
    available consolidated financial statements prior to the date the indemnity is due. Our Articles of Association also allow us to procure insurance covering any past or present officer holder against any liability which he or she may incur in such
    capacity, to the maximum extent permitted by law. Such insurance may also cover the company for indemnifying such office holder.</div>
  <div style="line-height: 1.25; font-family: 'Times New Roman'; font-size: 10pt;"><br style="line-height: 1.25;">
  </div>
  <div style="text-align: left; text-indent: 36pt; line-height: 1.25; font-family: 'Times New Roman'; font-size: 10pt;">We have obtained directors&#8217; and officers&#8217; liability insurance covering our officers and directors and those of our subsidiaries for
    certain claims.</div>
  <div style="line-height: 1.25; font-family: 'Times New Roman'; font-size: 10pt;"><br style="line-height: 1.25;">
  </div>
  <div style="text-align: left; text-indent: 36pt; line-height: 1.25; font-family: 'Times New Roman'; font-size: 10pt;">In addition, we have provided our directors and officers with letters providing them with exemption and indemnification to the fullest
    extent permitted under Israeli law (except that we are not required to exempt our directors and officers from liability for damages caused as a result of a breach of the office holder&#8217;s duty of care in transactions in which our controlling shareholder
    or an office holder has a personal interest).</div>
  <div style="line-height: 1.25; font-family: 'Times New Roman'; font-size: 10pt;">&#160;</div>
  <div style="text-align: left; line-height: 1.25; font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">Item 9. Exhibits and Financial Statement Schedules</div>
  <div style="line-height: 1.25; font-family: 'Times New Roman'; font-size: 10pt;">&#160;</div>
  <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;" id="z47a7020eded349e198e98310d75f2bf3">

      <tr>
        <td style="width: 10%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); font-family: 'Times New Roman';">
          <div style="line-height: 1.25;">
            <div style="text-align: center; line-height: 1.25; color: rgb(35, 31, 32); font-weight: bold;">Exhibit No.</div>
          </div>
        </td>
        <td style="width: 1%; vertical-align: bottom; font-family: 'Times New Roman'; padding-bottom: 2px;" colspan="1">&#160;</td>
        <td style="width: 38%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); font-family: 'Times New Roman';">
          <div style="line-height: 1.25;">
            <div style="text-align: center; line-height: 1.25; color: rgb(35, 31, 32); font-weight: bold;">Description</div>
          </div>
        </td>
        <td style="width: 1%; vertical-align: bottom; font-family: 'Times New Roman'; padding-bottom: 2px;" colspan="1">&#160;</td>
        <td style="width: 7%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); font-family: 'Times New Roman';">
          <div style="line-height: 1.25;">
            <div style="text-align: center; line-height: 1.25; color: rgb(35, 31, 32); font-weight: bold;">Form</div>
          </div>
        </td>
        <td style="width: 1%; vertical-align: bottom; font-family: 'Times New Roman'; padding-bottom: 2px;" colspan="1">&#160;</td>
        <td style="width: 13%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); font-family: 'Times New Roman';">
          <div style="line-height: 1.25;">
            <div style="text-align: center; line-height: 1.25; color: rgb(35, 31, 32); font-weight: bold;">File No.</div>
          </div>
        </td>
        <td style="width: 1%; vertical-align: bottom; font-family: 'Times New Roman'; padding-bottom: 2px;" colspan="1">&#160;</td>
        <td style="width: 9%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); font-family: 'Times New Roman';">
          <div style="line-height: 1.25;">
            <div style="text-align: center; line-height: 1.25; color: rgb(35, 31, 32); font-weight: bold;">Exhibit No.</div>
          </div>
        </td>
        <td style="width: 1%; vertical-align: bottom; font-family: 'Times New Roman'; padding-bottom: 2px;" colspan="1">&#160;</td>
        <td style="width: 18%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); font-family: 'Times New Roman';">
          <div style="line-height: 1.25;">
            <div style="text-align: center; line-height: 1.25; color: rgb(35, 31, 32); font-weight: bold;">Filing Date</div>
          </div>
        </td>
      </tr>
      <tr>
        <td style="width: 10%; vertical-align: top; font-family: 'Times New Roman';">
          <div style="text-align: justify; line-height: 1.25; color: rgb(35, 31, 32);">1.1*</div>
        </td>
        <td style="width: 1%; vertical-align: top; font-family: 'Times New Roman';" colspan="1">&#160;</td>
        <td style="width: 38%; vertical-align: top; font-family: 'Times New Roman';">
          <div style="line-height: 1.25; color: rgb(35, 31, 32);">Form of Underwriting Agreement or Agency Agreement.</div>
        </td>
        <td style="width: 1%; vertical-align: top; font-family: 'Times New Roman';" colspan="1">&#160;</td>
        <td style="width: 7%; vertical-align: top; font-family: 'Times New Roman'; text-align: center;">&#160;</td>
        <td style="width: 1%; vertical-align: top; font-family: 'Times New Roman'; text-align: center;" colspan="1">&#160;</td>
        <td style="width: 13%; vertical-align: top; font-family: 'Times New Roman'; text-align: center;">&#160;</td>
        <td style="width: 1%; vertical-align: top; font-family: 'Times New Roman'; text-align: center;" colspan="1">&#160;</td>
        <td style="width: 9%; vertical-align: top; font-family: 'Times New Roman'; text-align: center;">&#160;</td>
        <td style="width: 1%; vertical-align: top; font-family: 'Times New Roman'; text-align: center;" colspan="1">&#160;</td>
        <td style="width: 18%; vertical-align: top; font-family: 'Times New Roman'; text-align: center;">&#160;</td>
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          <div style="text-align: justify; line-height: 1.25; color: rgb(35, 31, 32);"><a href="https://www.sec.gov/Archives/edgar/data/808439/000117891325000398/exhibit_1.htm">3.1</a></div>
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          <div style="text-align: justify; line-height: 1.25; color: rgb(35, 31, 32);">4.1**</div>
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        <td style="width: 1%; vertical-align: top; font-family: 'Times New Roman';" colspan="1">&#160;</td>
        <td style="width: 38%; vertical-align: bottom; font-family: 'Times New Roman';">
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        <td style="width: 7%; vertical-align: top; font-family: 'Times New Roman'; text-align: center;">&#160;</td>
        <td style="width: 1%; vertical-align: top; font-family: 'Times New Roman'; text-align: center;" colspan="1">&#160;</td>
        <td style="width: 13%; vertical-align: top; font-family: 'Times New Roman'; text-align: center;">&#160;</td>
        <td style="width: 1%; vertical-align: top; font-family: 'Times New Roman'; text-align: center;" colspan="1">&#160;</td>
        <td style="width: 9%; vertical-align: top; font-family: 'Times New Roman'; text-align: center;">&#160;</td>
        <td style="width: 1%; vertical-align: top; font-family: 'Times New Roman'; text-align: center;" colspan="1">&#160;</td>
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          <div style="text-align: justify; line-height: 1.25; color: rgb(35, 31, 32);">4.2*</div>
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        <td style="width: 1%; vertical-align: top; font-family: 'Times New Roman';" colspan="1">&#160;</td>
        <td style="width: 38%; vertical-align: bottom; font-family: 'Times New Roman';">
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        <td style="width: 1%; vertical-align: bottom; font-family: 'Times New Roman';" colspan="1">&#160;</td>
        <td style="width: 7%; vertical-align: top; font-family: 'Times New Roman';">&#160;</td>
        <td style="width: 1%; vertical-align: top; font-family: 'Times New Roman';" colspan="1">&#160;</td>
        <td style="width: 13%; vertical-align: top; font-family: 'Times New Roman';">&#160;</td>
        <td style="width: 1%; vertical-align: top; font-family: 'Times New Roman';" colspan="1">&#160;</td>
        <td style="width: 9%; vertical-align: top; font-family: 'Times New Roman';">&#160;</td>
        <td style="width: 1%; vertical-align: top; font-family: 'Times New Roman';" colspan="1">&#160;</td>
        <td style="width: 18%; vertical-align: top; font-family: 'Times New Roman';">&#160;</td>
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        <td style="width: 10%; vertical-align: top; font-family: 'Times New Roman';">
          <div style="text-align: justify; line-height: 1.25; color: rgb(35, 31, 32);">4.3*</div>
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        <td style="width: 1%; vertical-align: top; font-family: 'Times New Roman';" colspan="1">&#160;</td>
        <td style="width: 38%; vertical-align: bottom; font-family: 'Times New Roman';">
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        <td style="width: 1%; vertical-align: bottom; font-family: 'Times New Roman';" colspan="1">&#160;</td>
        <td style="width: 7%; vertical-align: top; font-family: 'Times New Roman';">&#160;</td>
        <td style="width: 1%; vertical-align: top; font-family: 'Times New Roman';" colspan="1">&#160;</td>
        <td style="width: 13%; vertical-align: top; font-family: 'Times New Roman';">&#160;</td>
        <td style="width: 1%; vertical-align: top; font-family: 'Times New Roman';" colspan="1">&#160;</td>
        <td style="width: 9%; vertical-align: top; font-family: 'Times New Roman';">&#160;</td>
        <td style="width: 1%; vertical-align: top; font-family: 'Times New Roman';" colspan="1">&#160;</td>
        <td style="width: 18%; vertical-align: top; font-family: 'Times New Roman';">&#160;</td>
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        <td style="width: 10%; vertical-align: top; font-family: 'Times New Roman';">
          <div style="text-align: justify; line-height: 1.25; color: rgb(35, 31, 32);">4.4*</div>
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        <td style="width: 1%; vertical-align: top; font-family: 'Times New Roman';" colspan="1">&#160;</td>
        <td style="width: 38%; vertical-align: bottom; font-family: 'Times New Roman';">
          <div style="text-align: justify; line-height: 1.25;">Form of Warrant Agreement.</div>
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        <td style="width: 1%; vertical-align: bottom; font-family: 'Times New Roman';" colspan="1">&#160;</td>
        <td style="width: 7%; vertical-align: top; font-family: 'Times New Roman';">&#160;</td>
        <td style="width: 1%; vertical-align: top; font-family: 'Times New Roman';" colspan="1">&#160;</td>
        <td style="width: 13%; vertical-align: top; font-family: 'Times New Roman';">&#160;</td>
        <td style="width: 1%; vertical-align: top; font-family: 'Times New Roman';" colspan="1">&#160;</td>
        <td style="width: 9%; vertical-align: top; font-family: 'Times New Roman';">&#160;</td>
        <td style="width: 1%; vertical-align: top; font-family: 'Times New Roman';" colspan="1">&#160;</td>
        <td style="width: 18%; vertical-align: top; font-family: 'Times New Roman';">&#160;</td>
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        <td style="width: 10%; vertical-align: top; font-family: 'Times New Roman';">
          <div style="text-align: justify; line-height: 1.25; color: rgb(35, 31, 32);">4.5*</div>
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        <td style="width: 1%; vertical-align: top; font-family: 'Times New Roman';" colspan="1">&#160;</td>
        <td style="width: 38%; vertical-align: bottom; font-family: 'Times New Roman';">
          <div style="line-height: 1.25;">Form of Subscription Right Agreement (including form of Right Certificate).</div>
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        <td style="width: 1%; vertical-align: bottom; font-family: 'Times New Roman';" colspan="1">&#160;</td>
        <td style="width: 7%; vertical-align: top; font-family: 'Times New Roman';">&#160;</td>
        <td style="width: 1%; vertical-align: top; font-family: 'Times New Roman';" colspan="1">&#160;</td>
        <td style="width: 13%; vertical-align: top; font-family: 'Times New Roman';">&#160;</td>
        <td style="width: 1%; vertical-align: top; font-family: 'Times New Roman';" colspan="1">&#160;</td>
        <td style="width: 9%; vertical-align: top; font-family: 'Times New Roman';">&#160;</td>
        <td style="width: 1%; vertical-align: top; font-family: 'Times New Roman';" colspan="1">&#160;</td>
        <td style="width: 18%; vertical-align: top; font-family: 'Times New Roman';">&#160;</td>
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          <div style="text-align: justify; line-height: 1.25; color: rgb(35, 31, 32);">4.6*</div>
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        <td style="width: 1%; vertical-align: top; font-family: 'Times New Roman';" colspan="1">&#160;</td>
        <td style="width: 38%; vertical-align: bottom; font-family: 'Times New Roman';">
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        <td style="width: 1%; vertical-align: bottom; font-family: 'Times New Roman';" colspan="1">&#160;</td>
        <td style="width: 7%; vertical-align: top; font-family: 'Times New Roman';">&#160;</td>
        <td style="width: 1%; vertical-align: top; font-family: 'Times New Roman';" colspan="1">&#160;</td>
        <td style="width: 13%; vertical-align: top; font-family: 'Times New Roman';">&#160;</td>
        <td style="width: 1%; vertical-align: top; font-family: 'Times New Roman';" colspan="1">&#160;</td>
        <td style="width: 9%; vertical-align: top; font-family: 'Times New Roman';">&#160;</td>
        <td style="width: 1%; vertical-align: top; font-family: 'Times New Roman';" colspan="1">&#160;</td>
        <td style="width: 18%; vertical-align: top; font-family: 'Times New Roman';">&#160;</td>
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          <div style="text-align: justify; line-height: 1.25; color: rgb(35, 31, 32);">5.1**</div>
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        <td style="width: 1%; vertical-align: top; font-family: 'Times New Roman';" colspan="1">&#160;</td>
        <td style="width: 38%; vertical-align: bottom; font-family: 'Times New Roman';">
          <div style="line-height: 1.25; color: rgb(35, 31, 32);">Opinion of Naschitz, Brandes, Amir &amp; Co., Advocates.</div>
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        <td style="width: 1%; vertical-align: bottom; font-family: 'Times New Roman';" colspan="1">&#160;</td>
        <td style="width: 7%; vertical-align: top; font-family: 'Times New Roman';">&#160;</td>
        <td style="width: 1%; vertical-align: top; font-family: 'Times New Roman';" colspan="1">&#160;</td>
        <td style="width: 13%; vertical-align: top; font-family: 'Times New Roman';">&#160;</td>
        <td style="width: 1%; vertical-align: top; font-family: 'Times New Roman';" colspan="1">&#160;</td>
        <td style="width: 9%; vertical-align: top; font-family: 'Times New Roman';">&#160;</td>
        <td style="width: 1%; vertical-align: top; font-family: 'Times New Roman';" colspan="1">&#160;</td>
        <td style="width: 18%; vertical-align: top; font-family: 'Times New Roman';">&#160;</td>
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        <td style="width: 10%; vertical-align: top; font-family: 'Times New Roman';">
          <div style="text-align: justify; line-height: 1.25; color: rgb(35, 31, 32);">5.2**</div>
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        <td style="width: 1%; vertical-align: top; font-family: 'Times New Roman';" colspan="1"><br>
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        <td style="width: 38%; vertical-align: bottom; font-family: 'Times New Roman';">
          <div style="line-height: 1.25; color: rgb(35, 31, 32);">Opinion of Carter Ledyard &amp; Milburn LLP.</div>
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        <td style="width: 1%; vertical-align: bottom; font-family: 'Times New Roman';" colspan="1">&#160;</td>
        <td style="width: 7%; vertical-align: top; font-family: 'Times New Roman';">&#160;</td>
        <td style="width: 1%; vertical-align: top; font-family: 'Times New Roman';" colspan="1">&#160;</td>
        <td style="width: 13%; vertical-align: top; font-family: 'Times New Roman';">&#160;</td>
        <td style="width: 1%; vertical-align: top; font-family: 'Times New Roman';" colspan="1">&#160;</td>
        <td style="width: 9%; vertical-align: top; font-family: 'Times New Roman';">&#160;</td>
        <td style="width: 1%; vertical-align: top; font-family: 'Times New Roman';" colspan="1">&#160;</td>
        <td style="width: 18%; vertical-align: top; font-family: 'Times New Roman';">&#160;</td>
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          <div style="text-align: justify; line-height: 1.25; color: rgb(35, 31, 32);">23.1**</div>
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        <td style="width: 1%; vertical-align: top; font-family: 'Times New Roman';" colspan="1">&#160;</td>
        <td style="width: 38%; vertical-align: top; font-family: 'Times New Roman';">
          <div style="line-height: 1.25; color: rgb(35, 31, 32);">Consent of Kesselman &amp; Kesselman, a member firm of PricewaterhouseCoopers International Limited, an independent registered public accounting firm.</div>
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        <td style="width: 1%; vertical-align: top; font-family: 'Times New Roman';" colspan="1">&#160;</td>
        <td style="width: 7%; vertical-align: top; font-family: 'Times New Roman';">&#160;</td>
        <td style="width: 1%; vertical-align: top; font-family: 'Times New Roman';" colspan="1">&#160;</td>
        <td style="width: 13%; vertical-align: top; font-family: 'Times New Roman';">&#160;</td>
        <td style="width: 1%; vertical-align: top; font-family: 'Times New Roman';" colspan="1">&#160;</td>
        <td style="width: 9%; vertical-align: top; font-family: 'Times New Roman';">&#160;</td>
        <td style="width: 1%; vertical-align: top; font-family: 'Times New Roman';" colspan="1">&#160;</td>
        <td style="width: 18%; vertical-align: top; font-family: 'Times New Roman';">&#160;</td>
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        <td style="width: 10%; vertical-align: top; font-family: 'Times New Roman';">
          <div style="text-align: justify; line-height: 1.25; color: rgb(35, 31, 32);">23.2**</div>
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        <td style="width: 1%; vertical-align: top; font-family: 'Times New Roman';" colspan="1">&#160;</td>
        <td style="width: 38%; vertical-align: top; font-family: 'Times New Roman';">
          <div style="line-height: 1.25; color: rgb(35, 31, 32);">Consent of Naschitz, Brandes, Amir &amp; Co., Advocates (included in Exhibit 5.1).</div>
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        <td style="width: 1%; vertical-align: top; font-family: 'Times New Roman';" colspan="1">&#160;</td>
        <td style="width: 7%; vertical-align: top; font-family: 'Times New Roman';">&#160;</td>
        <td style="width: 1%; vertical-align: top; font-family: 'Times New Roman';" colspan="1">&#160;</td>
        <td style="width: 13%; vertical-align: top; font-family: 'Times New Roman';">&#160;</td>
        <td style="width: 1%; vertical-align: top; font-family: 'Times New Roman';" colspan="1">&#160;</td>
        <td style="width: 9%; vertical-align: top; font-family: 'Times New Roman';">&#160;</td>
        <td style="width: 1%; vertical-align: top; font-family: 'Times New Roman';" colspan="1">&#160;</td>
        <td style="width: 18%; vertical-align: top; font-family: 'Times New Roman';">&#160;</td>
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        <td style="width: 10%; vertical-align: top; font-family: 'Times New Roman';">
          <div style="text-align: justify; line-height: 1.25; color: rgb(35, 31, 32);">23.3**</div>
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        <td style="width: 1%; vertical-align: top; font-family: 'Times New Roman';" colspan="1"><br>
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        <td style="width: 38%; vertical-align: top; font-family: 'Times New Roman';">
          <div style="line-height: 1.25; color: rgb(35, 31, 32);">Consent of Carter Ledyard &amp; Milburn LLP (included in Exhibit 5.2).</div>
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        <td style="width: 1%; vertical-align: top; font-family: 'Times New Roman';" colspan="1">&#160;</td>
        <td style="width: 7%; vertical-align: top; font-family: 'Times New Roman';">&#160;</td>
        <td style="width: 1%; vertical-align: top; font-family: 'Times New Roman';" colspan="1">&#160;</td>
        <td style="width: 13%; vertical-align: top; font-family: 'Times New Roman';">&#160;</td>
        <td style="width: 1%; vertical-align: top; font-family: 'Times New Roman';" colspan="1">&#160;</td>
        <td style="width: 9%; vertical-align: top; font-family: 'Times New Roman';">&#160;</td>
        <td style="width: 1%; vertical-align: top; font-family: 'Times New Roman';" colspan="1">&#160;</td>
        <td style="width: 18%; vertical-align: top; font-family: 'Times New Roman';">&#160;</td>
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          <div style="text-align: justify; line-height: 1.25; color: rgb(35, 31, 32);"><a href="#POWEROFATTORNEY">24.1**</a></div>
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          <div style="line-height: 1.25; color: rgb(35, 31, 32);"><a href="#POWEROFATTORNEY">Power of Attorney (included on the signature page hereto).</a></div>
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        <td style="width: 1%; vertical-align: top; font-family: 'Times New Roman';" colspan="1">&#160;</td>
        <td style="width: 7%; vertical-align: top; font-family: 'Times New Roman';">&#160;</td>
        <td style="width: 1%; vertical-align: top; font-family: 'Times New Roman';" colspan="1">&#160;</td>
        <td style="width: 13%; vertical-align: top; font-family: 'Times New Roman';">&#160;</td>
        <td style="width: 1%; vertical-align: top; font-family: 'Times New Roman';" colspan="1">&#160;</td>
        <td style="width: 9%; vertical-align: top; font-family: 'Times New Roman';">&#160;</td>
        <td style="width: 1%; vertical-align: top; font-family: 'Times New Roman';" colspan="1">&#160;</td>
        <td style="width: 18%; vertical-align: top; font-family: 'Times New Roman';">&#160;</td>
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          <div style="text-align: justify; line-height: 1.25; color: rgb(35, 31, 32);">107**</div>
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        <td style="width: 1%; vertical-align: top; font-family: 'Times New Roman';" colspan="1">&#160;</td>
        <td style="width: 38%; vertical-align: top; font-family: 'Times New Roman';">
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        <td style="width: 1%; vertical-align: top; font-family: 'Times New Roman';" colspan="1">&#160;</td>
        <td style="width: 7%; vertical-align: top; font-family: 'Times New Roman';">&#160;</td>
        <td style="width: 1%; vertical-align: top; font-family: 'Times New Roman';" colspan="1">&#160;</td>
        <td style="width: 13%; vertical-align: top; font-family: 'Times New Roman';">&#160;</td>
        <td style="width: 1%; vertical-align: top; font-family: 'Times New Roman';" colspan="1">&#160;</td>
        <td style="width: 9%; vertical-align: top; font-family: 'Times New Roman';">&#160;</td>
        <td style="width: 1%; vertical-align: top; font-family: 'Times New Roman';" colspan="1">&#160;</td>
        <td style="width: 18%; vertical-align: top; font-family: 'Times New Roman';">&#160;</td>
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          <div>To be filed by amendment or incorporated by reference in connection with the offering of the securities.</div>
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  <div style="line-height: 1.25; font-family: 'Times New Roman'; font-size: 10pt;">&#160;</div>
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  <div style="line-height: 1.25; font-family: 'Times New Roman'; font-size: 10pt;">&#160;</div>
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  <div style="line-height: 1.25; font-family: 'Times New Roman'; font-size: 10pt;">&#160;</div>
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  <div style="line-height: 1.25; font-family: 'Times New Roman'; font-size: 10pt;">&#160;</div>
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          <div>Certain confidential portions (indicated by brackets and asterisks) have been omitted from this exhibit.</div>
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  <div style="line-height: 1.25; font-family: 'Times New Roman'; font-size: 10pt;">&#160;</div>
  <div style="text-align: left; line-height: 1.25; font-family: 'Times New Roman'; font-size: 10pt;">Certain agreements filed as exhibits to this Annual Report contain representations and warranties that the <font style="color: rgb(35, 31, 32);">parties
      thereto made to each other. These representations and warranties have been made solely for the benefit of the other parties to such agreements and may have been qualified by certain information that has been disclosed to the other parties to such
      agreements and that may not be reflected in such agreements. In addition, these representations and warranties may be intended as a way of allocating risks among parties if the statements contained therein prove to be incorrect, rather than as actual
      statements of fact. Accordingly, there can be no reliance on any such representations and warranties as characterizations of the actual state of facts. Moreover, information concerning the subject matter of any such representations and warranties may
      have changed since the date of such agreements.</font></div>
  <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" class="BRPFPageBreakArea">
    <div style="text-align: center;" class="BRPFPageNumberArea"><font style="font-family: 'Times New Roman',Times,serif; font-size: 10pt; color: rgb(0, 0, 0); font-weight: normal; font-style: normal;" class="BRPFPageNumber">II-2</font></div>
    <div style="page-break-after: always;" class="BRPFPageBreak">
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  </div>
  <div style="line-height: 1.25; font-family: 'Times New Roman'; font-size: 10pt;">&#160;</div>
  <div style="text-align: left; line-height: 1.25; font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">Item 10. Undertakings</div>
  <div style="line-height: 1.25; font-family: 'Times New Roman'; font-size: 10pt;">&#160;</div>
  <div style="text-align: left; text-indent: 36pt; line-height: 1.25; font-family: 'Times New Roman'; font-size: 10pt;">(1) The undersigned Registrant hereby undertakes:</div>
  <div style="line-height: 1.25; font-family: 'Times New Roman'; font-size: 10pt;">&#160;</div>
  <div style="text-align: justify; text-indent: 24.5pt; margin-left: 24.45pt; line-height: 1.25; font-family: 'Times New Roman'; font-size: 10pt;">(a) To file, during any period in which offers or sales are being made, a post-effective amendment to this
    registration statement:</div>
  <div style="line-height: 1.25; font-family: 'Times New Roman'; font-size: 10pt;">&#160;</div>
  <div style="text-align: justify; text-indent: 24.5pt; margin-left: 48.95pt; line-height: 1.25; font-family: 'Times New Roman'; font-size: 10pt;">(i) To include any prospectus required by Section 10(a)(3) of the Securities Act of 1933;</div>
  <div style="line-height: 1.25; font-family: 'Times New Roman'; font-size: 10pt;">&#160;</div>
  <div style="text-align: justify; text-indent: 24.5pt; margin-left: 48.95pt; line-height: 1.25; font-family: 'Times New Roman'; font-size: 10pt;">(ii) To reflect in the prospectus any facts or events arising after the effective date of the registration
    statement (or the most recent post-effective amendment thereof) which, individually or in the aggregate, represent a fundamental change in the information set forth in the registration statement.&#160; Notwithstanding the foregoing, any increase or decrease
    in volume of securities offered (if the total dollar value of securities offered would not exceed that which was registered) and any deviation from the low or high end of the estimated maximum offering range may be reflected in the form of prospectus
    filed with the Commission pursuant to Rule 424(b) if, in the aggregate, the changes in volume and price represent no more than 20 percent change in the maximum aggregate offering price set forth in the "Calculation of Registration Fee" table in the
    effective registration statement; and</div>
  <div style="line-height: 1.25; font-family: 'Times New Roman'; font-size: 10pt;">&#160;</div>
  <div style="text-align: justify; text-indent: 24.5pt; margin-left: 48.95pt; line-height: 1.25; font-family: 'Times New Roman'; font-size: 10pt;">(iii) To include any material information with respect to the plan of distribution not previously disclosed
    in the registration statement or any material change to such information in the registration statement;</div>
  <div style="line-height: 1.25; font-family: 'Times New Roman'; font-size: 10pt;">&#160;</div>
  <div style="text-align: justify; margin-left: 24.45pt; line-height: 1.25; font-family: 'Times New Roman', serif; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-style: italic;">provided</font><font style="font-family: 'Times New Roman';">, <font style="font-style: italic;">however</font>, that paragraphs (a)(1)(i), (a)(1)(ii), and (a)(1)(iii) above do not apply if the information required to be included in a post-effective amendment by those paragraphs is contained in
      reports filed with or furnished to the Commission by the registrant pursuant to section 13 or section 15(d) of the Securities Exchange Act of 1934 that are incorporated by reference in the registration statement, or is contained in a form of
      prospectus filed pursuant to Rule 424(b) that is a part of the registration statement.</font></div>
  <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" class="BRPFPageBreakArea">
    <div style="text-align: center;" class="BRPFPageNumberArea"><font style="font-family: 'Times New Roman',Times,serif; font-size: 10pt; color: rgb(0, 0, 0); font-weight: normal; font-style: normal;" class="BRPFPageNumber">II-3</font></div>
    <div style="page-break-after: always;" class="BRPFPageBreak">
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  </div>
  <div style="line-height: 1.25; font-family: 'Times New Roman'; font-size: 10pt;">&#160;</div>
  <div style="text-align: justify; text-indent: 24.5pt; margin-left: 24.45pt; line-height: 1.25; font-family: 'Times New Roman'; font-size: 10pt;">(b) That, for the purpose of determining any liability under the Securities Act of 1933, each such
    post-effective amendment shall be deemed to be a new registration statement relating to the securities offered therein, and the offering of such securities at that time shall be deemed to be the initial bona fide offering thereof.</div>
  <div style="line-height: 1.25; font-family: 'Times New Roman'; font-size: 10pt;">&#160;</div>
  <div style="text-align: justify; text-indent: 24.5pt; margin-left: 24.45pt; line-height: 1.25; font-family: 'Times New Roman'; font-size: 10pt;">(c) To remove from registration by means of a post-effective amendment any of the securities being registered
    which remain unsold at the termination of the offering.</div>
  <div style="line-height: 1.25; font-family: 'Times New Roman'; font-size: 10pt;">&#160;</div>
  <div style="text-align: justify; text-indent: 24.5pt; margin-left: 24.45pt; line-height: 1.25; font-family: 'Times New Roman'; font-size: 10pt;">(d) To file a post-effective amendment to the registration statement to include any financial statements
    required by Item 8.A of Form 20-F (&#167; 249.220f of this chapter) at the start of any delayed offering or throughout a continuous offering. Financial statements and information otherwise required by Section 10(a)(3) of the Act (15 U.S.C. 77j(a)(3)) need
    not be furnished, provided that the registrant includes in the prospectus, by means of a post-effective amendment, financial statements required pursuant to this paragraph (a)(4) and other information necessary to ensure that all other information in
    the prospectus is at least as current as the date of those financial statements. Notwithstanding the foregoing, a post-effective amendment need not be filed to include financial statements and information required by Section 10(a)(3) of the Act or Item
    8.A of Form 20-F if such financial statements and information are contained in periodic reports filed with or furnished to the Commission by the registrant pursuant to section 13 or section 15(d) of the Securities Exchange Act of 1934 that are
    incorporated by reference in the Form F-3.</div>
  <div style="line-height: 1.25; font-family: 'Times New Roman'; font-size: 10pt;">&#160;</div>
  <div style="text-align: justify; text-indent: 24.5pt; margin-left: 24.45pt; line-height: 1.25; font-family: 'Times New Roman'; font-size: 10pt;">(e) That, for the purpose of determining liability under the Securities Act of 1933 to any purchaser:</div>
  <div style="line-height: 1.25; font-family: 'Times New Roman'; font-size: 10pt;">&#160;</div>
  <div style="text-align: justify; text-indent: 24.5pt; margin-left: 48.95pt; line-height: 1.25; font-family: 'Times New Roman'; font-size: 10pt;">(i) Each prospectus filed by the registrant pursuant to Rule 424(b)(3) shall be deemed to be part of the
    registration statement as of the date the filed prospectus was deemed part of and included in the registration statement; and</div>
  <div style="line-height: 1.25; font-family: 'Times New Roman'; font-size: 10pt;">&#160;</div>
  <div style="text-align: justify; text-indent: 24.5pt; margin-left: 48.95pt; line-height: 1.25; font-family: 'Times New Roman'; font-size: 10pt;">(ii) Each prospectus required to be filed pursuant to Rule 424(b)(2), (b)(5), or (b)(7) as part of a
    registration statement in reliance on Rule 430B relating to an offering made pursuant to Rule 415(a)(1)(i), (vii), or (x) for the purpose of providing the information required by section 10(a) of the Securities Act of 1933 shall be deemed to be part of
    and included in the registration statement as of the earlier of the date such form of prospectus is first used after effectiveness or the date of the first contract of sale of securities in the offering described in the prospectus.&#160; As provided in Rule
    430B, for liability purposes of the issuer and any person that is at that date an underwriter, such date shall be deemed to be a new effective date of the registration statement relating to the securities in the registration statement to which that
    prospectus relates, and the offering of such securities at that time shall be deemed to be the initial bona fide offering thereof.&#160; <font style="font-style: italic;">Provided</font>, <font style="font-style: italic;">however</font>, that no statement
    made in a registration statement or prospectus that is part of the registration statement or made in a document incorporated or deemed incorporated by reference into the registration statement or prospectus that is part of the registration statement
    will, as to a purchaser with a time of contract of sale prior to such effective date, supersede or modify any statement that was made in the registration statement or prospectus that was part of the registration statement or made in any such document
    immediately prior to such effective date.</div>
  <div style="line-height: 1.25; font-family: 'Times New Roman'; font-size: 10pt;">&#160;</div>
  <div style="text-align: justify; text-indent: 24.5pt; margin-left: 24.45pt; line-height: 1.25; font-family: 'Times New Roman'; font-size: 10pt;">(f) That, for the purpose of determining liability of the registrant under the Securities Act of 1933 to any
    purchaser in the initial distribution of the securities, the undersigned registrant undertakes that in a primary offering of securities of the undersigned registrant pursuant to this registration statement, regardless of the underwriting method used to
    sell the securities to the purchaser, if the securities are offered or sold to such purchaser by means of any of the following communications, the undersigned registrant will be a seller to the purchaser and will be considered to offer or sell such
    securities to such purchaser:</div>
  <div style="line-height: 1.25; font-family: 'Times New Roman'; font-size: 10pt;">&#160;</div>
  <div style="text-align: justify; text-indent: 24.5pt; margin-left: 48.95pt; line-height: 1.25; font-family: 'Times New Roman'; font-size: 10pt;">(i) Any preliminary prospectus or prospectus of the undersigned registrant relating to the offering required
    to be filed pursuant to Rule 424;</div>
  <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" class="BRPFPageBreakArea">
    <div style="text-align: center;" class="BRPFPageNumberArea"><font style="font-family: 'Times New Roman',Times,serif; font-size: 10pt; color: rgb(0, 0, 0); font-weight: normal; font-style: normal;" class="BRPFPageNumber">II-4</font></div>
    <div style="page-break-after: always;" class="BRPFPageBreak">
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  </div>
  <div style="line-height: 1.25; font-family: 'Times New Roman'; font-size: 10pt;">&#160;</div>
  <div style="text-align: justify; text-indent: 24.5pt; margin-left: 48.95pt; line-height: 1.25; font-family: 'Times New Roman'; font-size: 10pt;">(ii) Any free writing prospectus relating to the offering prepared by or on behalf of the undersigned
    registrant or used or referred to by the undersigned registrant;</div>
  <div style="line-height: 1.25; font-family: 'Times New Roman'; font-size: 10pt;">&#160;</div>
  <div style="text-align: justify; text-indent: 24.5pt; margin-left: 48.95pt; line-height: 1.25; font-family: 'Times New Roman'; font-size: 10pt;">(iii) The portion of any other free writing prospectus relating to the offering containing material
    information about the undersigned registrant or its securities provided by or on behalf of the undersigned registrant; and</div>
  <div style="line-height: 1.25; font-family: 'Times New Roman'; font-size: 10pt;">&#160;</div>
  <div style="text-align: justify; text-indent: 24.5pt; margin-left: 48.95pt; line-height: 1.25; font-family: 'Times New Roman'; font-size: 10pt;">(iv) Any other communications that is an offer in the offering made by the undersigned registrant to the
    purchaser.</div>
  <div style="line-height: 1.25; font-family: 'Times New Roman'; font-size: 10pt;">&#160;</div>
  <div style="text-align: justify; text-indent: 24.5pt; line-height: 1.25; font-family: 'Times New Roman'; font-size: 10pt;">(2) The undersigned registrant hereby undertakes that, for purposes of determining any liability under the Securities Act of 1933,
    each filing of the registrant&#8217;s annual report pursuant to Section 13(a) or Section 15(d) of the Securities Exchange Act of 1934 (and, where applicable, each filing of an employee benefit plan&#8217;s annual report pursuant to section 15(d) of the Securities
    Exchange Act of 1934) that is incorporated by reference in the registration statement shall be deemed to be a new registration statement relating to the securities offered therein, and the offering of such securities at that time shall be deemed to be
    the initial <font style="font-style: italic;">bona fide</font> offering thereof.</div>
  <div style="line-height: 1.25; font-family: 'Times New Roman'; font-size: 10pt;">&#160;</div>
  <div style="text-align: justify; text-indent: 24.5pt; line-height: 1.25; font-family: 'Times New Roman'; font-size: 10pt;">(3) Insofar as indemnification for liabilities arising under the Securities Act of 1933 may be permitted to directors, officers and
    controlling persons of the registrant pursuant to the foregoing provisions, or otherwise, the registrant has been advised that in the opinion of the Securities and Exchange Commission such indemnification is against public policy as expressed in the
    Securities Act and is, therefore, unenforceable.&#160; In the event that a claim for indemnification against such liabilities (other than the payment by the registrant of expenses incurred or paid by a director, officer or controlling person of the
    registrant in the successful defense of any action, suit or proceeding) is asserted by such director, officer or controlling person in connection with the securities being registered, the registrant will, unless in the opinion of its counsel the matter
    has been settled by controlling precedent, submit to a court of appropriate jurisdiction the question whether such indemnification by it is against public policy as expressed in the Securities Act and will be governed by the final adjudication of such
    issue.</div>
  <div style="line-height: 1.25; font-family: 'Times New Roman'; font-size: 10pt;">&#160;</div>
  <div style="text-align: justify; text-indent: 22.5pt; line-height: 1.25;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(4) The undersigned registrant hereby undertakes that, for purposes of determining any liability under the Securities
      Act, the information omitted from the form of prospectus filed as part of this Registration Statement in reliance upon Rule&#160;430A and contained in a form of prospectus filed by the registrant pursuant to Rule&#160;424(b)(1) or (4)&#160;or 497(h) under the
      Securities Act shall be deemed to be part of this Registration Statement as of the time it was declared effective.</font></div>
  <div style="line-height: 1.25; font-family: 'Times New Roman'; font-size: 10pt;"><br style="line-height: 1.25;">
  </div>
  <div style="text-align: justify; text-indent: 22.5pt; line-height: 1.25; font-family: 'Times New Roman'; font-size: 10pt;">(5) The undersigned registrant hereby undertakes that, for the purpose of determining any liability under the Securities Act, each
    post-effective amendment that contains a form of prospectus shall be deemed to be a new registration statement relating to the securities offered therein, and the offering of such securities at that time shall be deemed to be the initial bona fide
    offering thereof.</div>
  <div style="line-height: 1.25; font-family: 'Times New Roman'; font-size: 10pt;"><br style="line-height: 1.25;">
  </div>
  <div style="text-align: justify; text-indent: 24.5pt; line-height: 1.25; font-family: 'Times New Roman'; font-size: 10pt;">(6) The undersigned registrant hereby undertakes to file an application for the purpose of determining the eligibility of the
    trustee to act under subsection (a) of Section 310 of the Trust Indenture Act (the &#8220;Act&#8221;) in accordance with the rules and regulations prescribed by the SEC under section 305(b)(2) of the Act.</div>
  <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" class="BRPFPageBreakArea">
    <div style="text-align: center;" class="BRPFPageNumberArea"><font style="font-family: 'Times New Roman',Times,serif; font-size: 10pt; color: rgb(0, 0, 0); font-weight: normal; font-style: normal;" class="BRPFPageNumber">II-5</font></div>
    <div style="page-break-after: always;" class="BRPFPageBreak">
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  <div style="line-height: 1.25; font-family: 'Times New Roman'; font-size: 10pt;">&#160;</div>
  <div style="text-align: center; line-height: 1.25; font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">SIGNATURES</div>
  <div style="line-height: 1.25; font-family: 'Times New Roman'; font-size: 10pt;">&#160;</div>
  <div style="text-align: left; text-indent: 36pt; line-height: 1.25; font-family: 'Times New Roman'; font-size: 10pt;">Pursuant to the requirements of the Securities Act of 1933, the Registrant certifies that it has reasonable grounds to believe that it
    meets all of the requirements for filing on Form F-3 and has duly caused this Registration Statement to be signed on its behalf by the undersigned, thereunto duly authorized, in Netanya, Israel, on this __ day of _____, 2025.</div>
  <div style="line-height: 1.25; font-family: 'Times New Roman'; font-size: 10pt;">&#160;</div>
  <div style="line-height: 1.25; font-family: 'Times New Roman'; font-size: 10pt;">
    <table cellspacing="0" cellpadding="0" border="0" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; color: #000000; width: 100%;" id="za0a5f789e3ab4cd088e49e7093b00571">

        <tr>
          <td style="width: 50.00%;">
            <div>&#160;</div>
          </td>
          <td style="width: 50%;">
            <div>
              <div style="text-align: left; line-height: 1.25; font-family: 'Times New Roman'; font-weight: bold;">TAT TECHNOLOGIES LTD.</div>
              <div style="line-height: 1.25; font-family: 'Times New Roman';">&#160;</div>
              <div style="text-align: left; line-height: 1.25;"><font style="font-family: 'Times New Roman';">By: _________________________<br>
                </font></div>
              <div style="text-align: left; line-height: 1.25; font-family: 'Times New Roman';">Name: Igal Zamir</div>
              <div style="text-align: left; line-height: 1.25;"><font style="font-family: 'Times New Roman';">Title: Chief Executive Officer and President</font></div>
              <div style="line-height: 1.25; font-family: 'Times New Roman';">&#160;</div>
              <div style="text-align: left; line-height: 1.25;"><font style="font-family: 'Times New Roman';">By:_________________________</font></div>
              <div style="text-align: left; line-height: 1.25; font-family: 'Times New Roman';">Name: Ehud Ben-Yair</div>
              <div style="text-align: left; line-height: 1.25;"><font style="font-family: 'Times New Roman';">Title: Chief Financial Officer</font></div>
            </div>
          </td>
        </tr>

    </table>
  </div>
  <div style="line-height: 1.25; font-family: 'Times New Roman'; font-size: 10pt;"> <br>
  </div>
  <div style="text-align: center; line-height: 1.25; font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;"><a name="POWEROFATTORNEY"><!--Anchor--></a>POWER OF ATTORNEY</div>
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  <div style="text-align: left; text-indent: 36pt; line-height: 1.25; font-family: 'Times New Roman'; font-size: 10pt;">KNOW ALL PERSONS BY THESE PRESENTS, that each person whose signature appears below does hereby constitute and appoint each of IGAL ZAMIR
    and EHUD BEN-YAIR, with full power of substitution and full power to act without the other, as his or her true and lawful attorney&#8209;in&#8209;fact and agent to act for him or her in his or her name, place and stead, in any and all capacities, to sign any and
    all amendments (including post&#8209;effective amendments) to this registration statement, and to file this registration statement, with all exhibits thereto, and other documents in connection therewith, with the Securities and Exchange Commission, granting
    unto said attorneys&#8209;in&#8209;fact and agents, and each of them, full power and authority to do and perform each and every act and thing requisite and necessary to be done in order to effectuate the same as fully, to all intents and purposes, as they or he or
    she might or could do in person, hereby ratifying and confirming all that said attorneys&#8209;in&#8209;fact and agents, or any of them, may lawfully do or cause to be done by virtue hereof.</div>
  <div style="line-height: 1.25; font-family: 'Times New Roman'; font-size: 10pt;">&#160;</div>
  <div style="text-align: left; text-indent: 36pt; line-height: 1.25; font-family: 'Times New Roman'; font-size: 10pt;">Pursuant to the requirements of the Securities Act of 1933, as amended, this registration statement has been signed by the following
    persons in the capacities and on the date indicated.</div>
  <div style="line-height: 1.25; font-family: 'Times New Roman'; font-size: 10pt;">&#160;</div>
  <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;" id="z8cb568c4ed154a3ebef9aa5027e036b9">

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        </td>
        <td style="width: 1%; vertical-align: top; padding-bottom: 2px;" colspan="1">&#160;</td>
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        </td>
      </tr>
      <tr>
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        <td style="width: 1%; vertical-align: top;" colspan="1" rowspan="1">&#160;</td>
        <td style="width: 39%; vertical-align: top;" rowspan="1">&#160;</td>
        <td style="width: 1%; vertical-align: top;" colspan="1" rowspan="1">&#160;</td>
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      <tr>
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        <td style="width: 39%; vertical-align: top;" rowspan="1">&#160;</td>
        <td style="width: 1%; vertical-align: top;" colspan="1" rowspan="1">&#160;</td>
        <td style="width: 27%; vertical-align: top;" rowspan="1">&#160;</td>
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      <tr>
        <td style="width: 32%; vertical-align: top;">
          <div style="text-align: justify; line-height: 1.25; color: rgb(35, 31, 32); font-family: 'Times New Roman',serif;"><font style="font-family: 'Times New Roman';">Igal Zamir</font></div>
        </td>
        <td style="width: 1%; vertical-align: top;" colspan="1">&#160;</td>
        <td style="width: 39%; vertical-align: top; font-family: 'Times New Roman';">
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        </td>
        <td style="width: 1%; vertical-align: top; font-family: 'Times New Roman';" colspan="1">&#160;</td>
        <td style="width: 27%; vertical-align: top; font-family: 'Times New Roman';">
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        </td>
      </tr>
      <tr>
        <td style="width: 32%; vertical-align: top;" rowspan="1">&#160;</td>
        <td style="width: 1%; vertical-align: top;" colspan="1" rowspan="1">&#160;</td>
        <td style="width: 39%; vertical-align: top; font-family: 'Times New Roman';" rowspan="1">&#160;</td>
        <td style="width: 1%; vertical-align: top; font-family: 'Times New Roman';" colspan="1" rowspan="1">&#160;</td>
        <td style="width: 27%; vertical-align: top; font-family: 'Times New Roman';" rowspan="1">&#160;</td>
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end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
