<SEC-DOCUMENT>0001178913-21-003056.txt : 20210929
<SEC-HEADER>0001178913-21-003056.hdr.sgml : 20210929
<ACCEPTANCE-DATETIME>20210929114141
ACCESSION NUMBER:		0001178913-21-003056
CONFORMED SUBMISSION TYPE:	S-8
PUBLIC DOCUMENT COUNT:		4
FILED AS OF DATE:		20210929
DATE AS OF CHANGE:		20210929
EFFECTIVENESS DATE:		20210929

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			CERAGON NETWORKS LTD
		CENTRAL INDEX KEY:			0001119769
		STANDARD INDUSTRIAL CLASSIFICATION:	RADIO & TV BROADCASTING & COMMUNICATIONS EQUIPMENT [3663]
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			L3
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		S-8
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-259877
		FILM NUMBER:		211290170

	BUSINESS ADDRESS:	
		STREET 1:		24 RAOUL WALLENBERG ST
		CITY:			TEL AVIV
		STATE:			L3
		ZIP:			69719
		BUSINESS PHONE:		972-3-543-1000

	MAIL ADDRESS:	
		STREET 1:		24 RAOUL WALLENBERG ST
		CITY:			TEL AVIV
		STATE:			L3
		ZIP:			69719

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	GIGANET LTD
		DATE OF NAME CHANGE:	20000719
</SEC-HEADER>
<DOCUMENT>
<TYPE>S-8
<SEQUENCE>1
<FILENAME>zk2126604.htm
<DESCRIPTION>S-8
<TEXT>
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    <div style="text-align: center; line-height: 1.25;">As filed with the U.S. Securities and Exchange Commission on September 29, 2021</div>
    <div style="text-align: right; line-height: 1.25;">Registration No. 333-_______</div>
    <div style="text-align: right; line-height: 1.25;">
      <hr noshade="noshade" align="center" style="height: 2px; color: #000000; background-color: #000000; text-align: center; margin-left: auto; margin-right: auto; border: none;"></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; font-size: 14pt;">UNITED STATES </div>
    <div style="text-align: center; line-height: 1.25; font-family: 'Times New Roman',Times,serif; font-size: 14pt; font-weight: bold;">SECURITIES AND EXCHANGE COMMISSION</div>
    <div style="text-align: center; line-height: 1.25;">WASHINGTON, D.C. 20549</div>
    <div style="line-height: 1.25;">
      <hr align="center" style="height: 2px; width: 11%; color: #000000; background-color: #000000; text-align: center; margin-left: auto; margin-right: auto; border: none;"> </div>
    <div style="text-align: center; line-height: 1.25; font-family: 'Times New Roman',Times,serif; font-size: 14pt; font-weight: bold;">FORM S-8</div>
    <div style="text-align: center; line-height: 1.25; font-weight: bold;">REGISTRATION STATEMENT</div>
    <div style="text-align: center; line-height: 1.25;"><font style="font-weight: bold;">UNDER</font>&#160;<font style="font-weight: bold;">THE</font></div>
    <div style="text-align: center; line-height: 1.25; font-weight: bold;">SECURITIES ACT OF 1933</div>
    <div style="line-height: 1.25;">
      <hr align="center" style="height: 2px; width: 11%; color: #000000; background-color: #000000; text-align: center; margin-left: auto; margin-right: auto; border: none;"> </div>
    <div style="text-align: center; line-height: 1.25; font-family: 'Times New Roman',Times,serif; font-size: 16pt; font-weight: bold;">Ceragon Networks Ltd.</div>
    <div style="line-height: 1.25; font-family: 'Times New Roman',Times,serif; font-weight: 400;"> <br>
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          <td style="width: 33%; vertical-align: middle;">&#160;</td>
          <td style="width: 33%; vertical-align: middle;">
            <div style="text-align: center; line-height: 1.25; font-family: 'Times New Roman',Times,serif;">(Exact Name of Registrant as Specified in its charter)</div>
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          <td style="width: 33%; vertical-align: middle;">&#160;</td>
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            <div style="text-align: center; line-height: 1.25; font-weight: bold;">Israel</div>
          </td>
          <td style="width: 33%; vertical-align: bottom;">&#160;</td>
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            <div style="text-align: center; line-height: 1.25; font-weight: bold;">N/A</div>
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            <div style="text-align: center; line-height: 1.25;">(State or Other Jurisdiction of</div>
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          <td style="width: 33%; vertical-align: bottom;">&#160;</td>
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            <div style="text-align: center; line-height: 1.25;">(I.R.S. Employer</div>
          </td>
        </tr>
        <tr>
          <td style="width: 33%; vertical-align: middle;">
            <div style="text-align: center; line-height: 1.25;">Incorporation or Organization)</div>
          </td>
          <td style="width: 33%; vertical-align: middle;">&#160;</td>
          <td style="width: 33%; vertical-align: middle;">
            <div style="text-align: center; line-height: 1.25;">Identification No.)</div>
          </td>
        </tr>

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    <div style="line-height: 1.25">&#160;</div>
    <div style="text-align: center; line-height: 1.25;"><font style="font-weight: bold;">Nitzba City, Plot 300<br>
        PO Box 112, Rosh Ha&#8217;Ayin 4810002, Israel</font><br style="line-height: 1.25;">
    </div>
    <div style="line-height: 1.25">&#160;</div>
    <div style="text-align: center; line-height: 1.25;">(Address of Principal Executive Offices)(Zip Code)</div>
    <div style="line-height: 1.25;"><br style="line-height: 1.25;">
    </div>
    <div style="text-align: center; line-height: 1.25; font-weight: bold;">Ceragon Networks Ltd. Amended and Restated Share Option and RSU Plan (the &#8220;Plan&#8221;)</div>
    <div style="line-height: 1.25">&#160;</div>
    <div style="text-align: center; line-height: 1.25;">&#160;(Full Title of the Plan)</div>
    <div style="text-align: center; line-height: 1.25; font-weight: bold;">Ceragon Networks, Inc.<br>
      Overlook at Great Notch, 150 Clove Road, 9th Floor,</div>
    <div style="text-align: center; line-height: 1.25; font-weight: bold;">&#160;Little Falls, NJ 07424, USA</div>
    <div style="line-height: 1.25">&#160;</div>
    <div style="text-align: center; line-height: 1.25;">&#160;(Name and Address of Agent for Service)</div>
    <div style="text-align: center; line-height: 1.25; font-weight: bold;">(201) 853-0231</div>
    <div style="line-height: 1.25">&#160;</div>
    <div style="text-align: center; line-height: 1.25;">(Telephone Number, including Area Code, of Agent for Service)</div>
    <div style="line-height: 1.25">&#160;
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          <td style="width: 100%; vertical-align: top;" colspan="2">
            <div style="text-align: center; line-height: 1.25; font-weight: bold;">Copies to:</div>
          </td>
        </tr>
        <tr>
          <td style="width: 52.72%; vertical-align: middle;">
            <div style="text-align: center; line-height: 1.25; font-weight: bold;">Todd Lenson, Esq.</div>
          </td>
          <td style="width: 47.28%; vertical-align: middle;">
            <div style="text-align: center; line-height: 1.25; font-weight: bold;">Doron Arazi</div>
          </td>
        </tr>
        <tr>
          <td style="width: 52.72%; vertical-align: middle;">
            <div style="text-align: center; line-height: 1.25; font-weight: bold;">Kramer Levin Naftalis &amp; Frankel LLP</div>
          </td>
          <td style="width: 47.28%; vertical-align: middle;">
            <div style="text-align: center; line-height: 1.25; font-weight: bold;">Ceragon Networks Ltd.</div>
          </td>
        </tr>
        <tr>
          <td style="width: 52.72%; vertical-align: middle;">
            <div style="text-align: center; line-height: 1.25; font-weight: bold;">1177 Avenue of the Americas</div>
          </td>
          <td style="width: 47.28%; vertical-align: middle;">
            <div style="text-align: center; line-height: 1.25;"><font style="font-weight: bold;">Nitzba City,</font>&#160;<font style="font-weight: bold;">Plot 300, POB 112</font></div>
          </td>
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            <div style="text-align: center; line-height: 1.25; font-weight: bold;">New York, New York 10036</div>
          </td>
          <td style="width: 47.28%; vertical-align: middle;">
            <div style="text-align: center; line-height: 1.25; font-weight: bold;">Rosh Ha&#8217;Ayin 4810002, Israel</div>
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            <div style="text-align: center; line-height: 1.25; font-weight: bold;">Tel: 212-715-9216</div>
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          <td style="width: 47.28%; vertical-align: middle;">
            <div style="text-align: center; line-height: 1.25; font-weight: bold;">Tel: 972-3-543-1000</div>
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            <div style="text-align: center; line-height: 1.25; font-weight: bold;">Fax: 212-715-8216</div>
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          <td style="width: 47.28%; vertical-align: middle;">
            <div style="text-align: center; line-height: 1.25; font-weight: bold;">Fax: 972-3-543-1600</div>
          </td>
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    <div style="line-height: 1.25;"> <br>
    </div>
    <div style="line-height: 1.25;">Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerging growth company. See the definitions of &#8220;large
      accelerated filer,&#8221; &#8220;accelerated filer,&#8221;&#160; &#8220;smaller reporting company&#8221; and &#8220;emerging growth company&#8221; in Rule 12b-2 of the Exchange Act.</div>
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          <td style="width: 65.13%; vertical-align: top;">
            <div style="line-height: 1.25;">Large accelerated filer &#9744;</div>
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          <td style="width: 34.87%; vertical-align: top;">
            <div style="line-height: 1.25;">Accelerated filer &#9746;</div>
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          <td style="width: 65.13%; vertical-align: top;">
            <div style="line-height: 1.25;">Non-accelerated filing &#9744;</div>
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          <td style="width: 34.87%; vertical-align: top;">
            <div style="line-height: 1.25;">Smaller reporting company &#9744;</div>
            <div style="line-height: 1.25;">Emerging growth company &#9744;</div>
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    <div style="line-height: 1.25;"> <br>
    </div>
    <div style="line-height: 1.25;">If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financing accounting standards provided pursuant to
      Section 7(a)(2)(B) of the Securities Act. &#9744;</div>
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    <div style="text-align: center; line-height: 1.25; font-weight: bold;">CALCULATION OF REGISTRATION FEE</div>
    <div style="line-height: 1.25;"><br style="line-height: 1.25;">
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            <div style="line-height: 1.25; font-family: 'Times New Roman',Times,serif; font-weight: bold;">Title of Securities To Be Registered</div>
          </td>
          <td style="vertical-align: bottom; padding-bottom: 2px;" colspan="1">&#160;</td>
          <td style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);" colspan="2">
            <div style="line-height: 1.25; font-family: 'Times New Roman',Times,serif; font-weight: bold; text-align: center;">Amount To Be </div>
            <div style="line-height: 1.25; font-family: 'Times New Roman',Times,serif; font-weight: bold; text-align: center;">Registered <sup style="font-family: 'Times New Roman Bold',serif; vertical-align: text-top; line-height: 1; font-size: smaller;">(1)</sup></div>
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          <td nowrap="nowrap" style="vertical-align: bottom; padding-bottom: 2px;" colspan="1">&#160;</td>
          <td style="vertical-align: bottom; padding-bottom: 2px;" colspan="1">&#160;</td>
          <td style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);" colspan="2">
            <div style="line-height: 1.25; font-family: 'Times New Roman',Times,serif; font-weight: bold; text-align: center;">Proposed Maximum Offering Price Per Share</div>
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          <td nowrap="nowrap" style="text-align: center; vertical-align: bottom; padding-bottom: 2px;" colspan="1">&#160;</td>
          <td style="vertical-align: bottom; padding-bottom: 2px; text-align: center;" colspan="1">&#160;</td>
          <td style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);" colspan="2">
            <div style="line-height: 1.25; font-family: 'Times New Roman',Times,serif; font-weight: bold; text-align: center;">Proposed Maximum Aggregate Offering Price</div>
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          <td nowrap="nowrap" style="text-align: center; vertical-align: bottom; padding-bottom: 2px;" colspan="1">&#160;</td>
          <td style="vertical-align: bottom; padding-bottom: 2px; text-align: center;" colspan="1">&#160;</td>
          <td style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);" colspan="2">
            <div style="line-height: 1.25; font-family: 'Times New Roman',Times,serif; font-weight: bold; text-align: center;">Amount Of Registration Fee</div>
          </td>
          <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; padding-bottom: 2px;" colspan="1">&#160;</td>
        </tr>
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          <td valign="bottom" style="vertical-align: top; width: 52%; background-color: rgb(204, 238, 255);">
            <div style="line-height: 1.25;">Ordinary Shares, par value NIS 0.01 per share (&#8220;Ordinary Shares&#8221;)</div>
          </td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255);" colspan="1">
            <div style="line-height: 1.25;">3,000,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1">
            <div style="line-height: 1.25;"><sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">(2)</sup>&#160;</div>
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          <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1">
            <div style="line-height: 1.25;">$</div>
          </td>
          <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255);" colspan="1">
            <div style="line-height: 1.25;">3.610</div>
          </td>
          <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1">
            <div style="line-height: 1.25;"><sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">(3)</sup>&#160;</div>
          </td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1">
            <div style="line-height: 1.25;">$</div>
          </td>
          <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255);" colspan="1">
            <div style="line-height: 1.25;">10,830,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1">
            <div style="line-height: 1.25;"><sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">(3)</sup>&#160;</div>
          </td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1">
            <div style="line-height: 1.25;">$</div>
          </td>
          <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255);" colspan="1">
            <div style="line-height: 1.25;">1,200.1</div>
          </td>
          <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
        </tr>

    </table>
    <div style="line-height: 1.25">&#160;</div>
    <table cellspacing="0" cellpadding="0" id="z92c7f14b5f21494580d44e3b168b529f" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

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          <td style="width: 18pt; vertical-align: top; align: right;">(1)</td>
          <td style="width: auto; vertical-align: top;">
            <div>Pursuant to Rule 416 under the Securities Act of 1933, as amended (the &#8220;Securities Act&#8221;), this registration statement shall also cover any additional Ordinary Shares that may become issuable under the Ceragon Networks Ltd. Amended and
              Restated Share Option and RSU Plan (the &#8220;Plan&#8221;), by reason of any share dividend, share split, recapitalization or other similar transaction effected without the Registrant&#8217;s receipt of consideration that increases the number of Ordinary
              Shares of the Registrant.</div>
          </td>
        </tr>

    </table>
    <div style="line-height: 1.25">&#160;</div>
    <table cellspacing="0" cellpadding="0" id="z4617452936c4433381709e0dbd8710bd" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

        <tr>
          <td style="width: 18pt; vertical-align: top; align: right;">(2)</td>
          <td style="width: auto; vertical-align: top;">
            <div>Represents an additional 3,000,000 Ordinary Shares issuable under the Plan, over and above the number of Ordinary Shares issuable under the Plan that were previously registered under the Securities Act.</div>
          </td>
        </tr>

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    <div style="line-height: 1.25">&#160;</div>
    <table cellspacing="0" cellpadding="0" id="ze1c9e647ba4c4eb487bf19eb9f3882cd" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

        <tr>
          <td style="width: 18pt; vertical-align: top; align: right;">(3)</td>
          <td style="width: auto; vertical-align: top;">
            <div>Pursuant to Rule 457(c) and 457(h) of the Securities Act, the proposed maximum offering price per Ordinary Share and the proposed maximum aggregate offering price are based on the average of the high and low prices per share of the
              Ordinary Shares of the Registrant as reported by The Nasdaq Global Select Market on September 24, 2021, which is within five (5) business days prior to the date of this Registration Statement.</div>
          </td>
        </tr>

    </table>
    <div style="text-align: center; line-height: 1.25;"><br style="line-height: 1.25;">
    </div>
    <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" id="DSPFPageBreakArea">
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    <div style="text-align: center; line-height: 1.25; font-weight: bold;">EXPLANATORY NOTE</div>
    <div style="line-height: 1.25;"><br style="line-height: 1.25;">
    </div>
    <div style="line-height: 1.25;">
      <div style="text-align: justify; text-indent: 36pt; line-height: 1.25;">Ceragon Networks Ltd. (the &#8220;Registrant&#8221;) registers Ordinary Shares as necessary for anticipated grants under the Plan. &#160;This Registration Statement relates to an additional
        3,000,000 Ordinary Shares of the Registrant that are being issued and sold, or may be issued and sold, upon exercise of options or settlement of restricted share units granted by the Registrant to participants in the Plan, as approved by the Board
        of Directors on September 29, 2021.</div>
    </div>
    <div style="text-align: justify; line-height: 1.25;"><br style="line-height: 1.25;">
    </div>
    <div style="text-align: center; line-height: 1.25; font-weight: bold;">PART I<br>
      INFORMATION REQUIRED IN THE SECTION 10(A) PROSPECTUS</div>
    <div style="line-height: 1.25">&#160;</div>
    <div style="text-align: justify; text-indent: 36pt; line-height: 1.25;">The document(s) containing the information specified in this Part I will be sent or given to the participants in the Plan listed on the cover page of this Registration Statement as
      specified by Rule 428(b)(1) under the Securities Act. In accordance with the rules and regulations of the Securities and Exchange Commission (the &#8220;Commission&#8221;) and the instructions to Form S-8, such documents are not being filed as part of this
      Registration Statement or as prospectuses or prospectus supplements pursuant to Rule 424 under the Securities Act, but constitute (along with the documents incorporated by reference into this Registration Statement pursuant to Item 3 of Part II
      hereof), taken together, a prospectus that meets the requirements of Section 10(a) of the Securities Act.</div>
    <div style="line-height: 1.25">&#160;</div>
    <div style="text-align: center; line-height: 1.25; font-weight: bold;">PART II</div>
    <div style="text-align: center; line-height: 1.25; font-weight: bold;">INFORMATION REQUIRED IN THE REGISTRATION STATEMENT</div>
    <div style="line-height: 1.25">&#160;</div>
    <div style="line-height: 1.25;">
      <div style="line-height: 1.25; font-weight: bold;">ITEM 3. INCORPORATION OF DOCUMENTS BY REFERENCE</div>
    </div>
    <div style="line-height: 1.25;">
      <div style="line-height: 1.25;"><br style="line-height: 1.25;">
      </div>
    </div>
    <div style="line-height: 1.25;">
      <div style="text-align: justify; text-indent: 36pt; line-height: 1.25;">The Registrant hereby incorporates by reference in this Registration Statement the following documents:</div>
      <div style="line-height: 1.25;"><br style="line-height: 1.25;">
      </div>
      <div style="text-align: justify; text-indent: 36pt; line-height: 1.25;">(i) The Registrant&#8217;s Annual Report on&#160;Form 20-F&#160;for the fiscal year ended December 31, 2020, filed with the Commission on March 8, 2021 (File No. 000-30862); and</div>
    </div>
    <div style="line-height: 1.25;"><br style="line-height: 1.25;">
    </div>
    <div style="text-align: justify; text-indent: 36pt; line-height: 1.25;">(ii) The description of the Registrant&#8217;s Ordinary Shares contained in the Registrant&#8217;s Registration Statement on&#160;Form 8-A&#160;filed with the Commission pursuant to Section 12(g) of the
      Securities Exchange Act of 1934, as amended (the &#8220;Exchange Act&#8221;), on August 4, 2000, including any amendment or report filed for the purpose of updating such description.</div>
    <div style="line-height: 1.25;">
      <div style="line-height: 1.25;"><br style="line-height: 1.25;">
      </div>
    </div>
    <div style="line-height: 1.25;">
      <div style="text-align: justify; text-indent: 36pt; line-height: 1.25;">All documents subsequently filed by the Registrant with the Commission pursuant to Sections 13(a), 13(c), 14 and 15(d) of the Exchange Act, after the date of this Registration
        Statement and prior to the filing of a post-effective amendment to this Registration Statement which indicates that all securities offered hereby have been sold or which deregisters all securities then remaining unsold, and all Reports of Foreign
        Private Issuer on Form 6-K submitted by the Registrant to the Commission during such period, or portions thereof, that are identified in such forms as being incorporated into this Registration Statement, shall be deemed to be incorporated by
        reference in this Registration Statement and to be a part hereof from the date of filing such documents. Any document, or any statement contained in a document, incorporated or deemed to be incorporated by reference herein shall be deemed to be
        modified or superseded for purposes of this Registration Statement to the extent that a document or statement contained herein, or in any other subsequently filed document that also is deemed to be incorporated by reference herein, modifies or
        supersedes such document or statement. Any statement so modified or superseded shall not be deemed, except as so modified or superseded, to constitute a part of this Registration Statement. Subject to the foregoing, all information appearing in
        this Registration Statement is qualified in its entirety by the information appearing in the documents incorporated by reference.</div>
    </div>
    <div style="line-height: 1.25;"><br style="line-height: 1.25;">
    </div>
    <div style="text-align: justify; line-height: 1.25; font-weight: bold;">ITEM 6. INDEMNIFICATION OF DIRECTORS AND OFFICERS.</div>
    <div style="line-height: 1.25;"><br style="line-height: 1.25;">
    </div>
    <div style="text-align: justify; text-indent: 36pt; line-height: 1.25;">The Registrant&#8217;s Articles of Association allow the Registrant to indemnify and insure its office holders (as such term is defined in the Israeli Companies Law, 1999 and the
      regulations promulgated thereunder; the &#8220;<font style="font-weight: bold;">Companies Law</font>&#8221;) to the fullest extent permitted by law.&#160; The indemnification letters that are granted to each of the Registrant&#8217;s present and future office holders cover
      exemption from, indemnification and insurance of certain liabilities imposed under the Companies Law, and the Israeli Securities Law, 1968, or the &#8220;Securities Law&#8221;.</div>
    <div style="text-align: justify; text-indent: 36pt; line-height: 1.25;"><br>
    </div>
    <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" id="DSPFPageBreakArea">
      <div style="page-break-after: always;" id="DSPFPageBreak">
        <hr noshade="noshade" style="border-width: 0px; clear: both; margin: 4px 0px; width: 100%; height: 2px; color: #000000; background-color: #000000;"></div>
    </div>
    <div style="text-align: justify; line-height: 1.25;"><br style="line-height: 1.25;">
    </div>
    <div style="text-align: justify; text-indent: 36pt; line-height: 1.25;">The Registrant&#8217;s Articles of Association provide that, subject to the provisions of the Companies Law, the Registrant may:</div>
    <div style="line-height: 1.25;"><br style="line-height: 1.25;">
    </div>
    <div style="text-align: justify; line-height: 1.25;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; (1)&#160; &#160;&#160;&#160;&#160; Obtain insurance for its office holders for liability for an act performed in their respective capacities as an office holder with respect to:</div>
    <div style="line-height: 1.25;"><br style="line-height: 1.25;">
    </div>
    <table cellspacing="0" cellpadding="0" id="z2789bb53d83d4c11826d6bc92a264d20" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

        <tr>
          <td style="width: 36pt;"><br>
          </td>
          <td style="width: 18pt; vertical-align: top; align: right;">&#8226;</td>
          <td style="width: auto; vertical-align: top;">
            <div>a breach of the duty of care to the Registrant or to another person;<br>
              <br>
            </div>
          </td>
        </tr>

    </table>
    <table cellspacing="0" cellpadding="0" id="z86c66a1ff9d64b7ab8136a741e087fb1" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

        <tr>
          <td style="width: 36pt;"><br>
          </td>
          <td style="width: 18pt; vertical-align: top; align: right;">&#8226;</td>
          <td style="width: auto; vertical-align: top;">
            <div>a breach of duty of loyalty to the Registrant, provided that the officer acted in good faith and had reasonable grounds to assume that the act would not prejudice the Registrant&#8217;s interests;</div>
            <div> <br>
            </div>
          </td>
        </tr>

    </table>
    <table cellspacing="0" cellpadding="0" id="zb21ca5b8572e40ae97b5207dbbef42c0" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

        <tr>
          <td style="width: 36pt;"><br>
          </td>
          <td style="width: 18pt; vertical-align: top; align: right;">&#8226;</td>
          <td style="width: auto; vertical-align: top;">
            <div>monetary liabilities or obligations imposed upon him or her in favor of another person; and/or</div>
            <div> <br>
            </div>
          </td>
        </tr>

    </table>
    <table cellspacing="0" cellpadding="0" id="zd1aad1181a6741e89bfa68ee3d97f2ec" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

        <tr>
          <td style="width: 36pt;"><br>
          </td>
          <td style="width: 18pt; vertical-align: top; align: right;">&#8226;</td>
          <td style="width: auto; vertical-align: top;">
            <div>any other event, occurrence or circumstance in respect of which the Registrant may lawfully insure an office holder.</div>
          </td>
        </tr>

    </table>
    <div style="text-align: justify; line-height: 1.25;"><br style="line-height: 1.25;">
    </div>
    <div style="text-align: justify; line-height: 1.25;">Without derogating from the aforementioned, subject to the provisions of the Companies Law and the Securities Law, the Registrant may also enter into a contract to insure an office holder in respect
      of expenses, including reasonable litigation expenses and legal fees, incurred by an office holder in relation to an administrative proceeding instituted against such office holder or payment required to be made to an injured party, pursuant to
      certain provisions of the Securities Law.</div>
    <div style="line-height: 1.25;"><br style="line-height: 1.25;">
    </div>
    <div style="text-align: justify; text-indent: 36pt; line-height: 1.25;">(2)&#160; &#160;&#160;&#160;&#160; Subject to the provisions of the Companies Law, indemnify its office holders for an obligation or expense specified below, imposed on or incurred by the office holder in
      respect of an act or omission performed in his or her capacity as an office holder, as follows:</div>
    <div style="text-align: justify; text-indent: 36pt; line-height: 1.25;"> <br>
    </div>
    <table cellspacing="0" cellpadding="0" id="z9cd22ffa8e884a90a9c8630e8052d188" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

        <tr>
          <td style="width: 36pt;"><br>
          </td>
          <td style="width: 18pt; vertical-align: top; font-family: 'Times New Roman',Times,serif;">&#8226;</td>
          <td style="width: auto; vertical-align: top;">
            <div>a financial liability imposed on him or her in favor of another person by any judgment, including a settlement or an arbitration award approved by a court.</div>
            <div> <br>
            </div>
          </td>
        </tr>

    </table>
    <table cellspacing="0" cellpadding="0" id="zf510ee94dbfc4d64a591239e942e0e94" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

        <tr>
          <td style="width: 36pt;"><br>
          </td>
          <td style="width: 18pt; vertical-align: top; align: right;">&#8226;</td>
          <td style="width: auto; vertical-align: top;">
            <div>reasonable litigation expenses, including attorney&#8217;s fees, incurred by the office holder as a result of an investigation or proceeding instituted against him by a competent authority which concluded without the filing of an indictment
              against him and without the imposition of any financial liability in lieu of criminal proceedings, or which concluded without the filing of an indictment against him but with the imposition of a financial liability in lieu of criminal
              proceedings concerning a criminal offense that does not require proof of criminal intent or in connection with a financial sanction (the phrases &#8220;proceeding concluded without the filing of an indictment&#8221; and &#8220;financial liability in lieu of
              criminal proceeding&#8221; shall have the meaning ascribed to such phrases in section 260(a)(1a) of the Companies Law);</div>
            <div> <br>
            </div>
          </td>
        </tr>

    </table>
    <table cellspacing="0" cellpadding="0" id="z91547ee0ab154bffa277cf88fee5cbb8" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

        <tr>
          <td style="width: 36pt;"><br>
          </td>
          <td style="width: 18pt; vertical-align: top; align: right;">&#8226;</td>
          <td style="width: auto; vertical-align: top;">
            <div>reasonable litigation expenses, including attorneys&#8217; fees, expended by an office holder or charged to the office holder by a court, in a proceeding instituted against the office holder by the Company or on its behalf or by another person,
              or in a criminal charge from which the office holder was acquitted, or in a criminal proceeding in which the office holder was convicted of an offense that does not require proof of criminal intent;</div>
            <div> <br>
            </div>
          </td>
        </tr>

    </table>
    <table cellspacing="0" cellpadding="0" id="zbef9ec5f0d2b4928b4dbd79dd13b6e89" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

        <tr>
          <td style="width: 36pt;"><br>
          </td>
          <td style="width: 18pt; vertical-align: top; align: right;">&#8226;</td>
          <td style="width: auto; vertical-align: top;">
            <div>expenses, including reasonable litigation expenses and legal fees, incurred by an office holder in relation to an administrative proceeding instituted against such office holder, or payment required to be made to an injured party, pursuant
              to certain provisions of the Securities Law; and/or</div>
            <div> <br>
            </div>
          </td>
        </tr>

    </table>
    <table cellspacing="0" cellpadding="0" id="zf12a88be886d48f8900c7b54d3bf7dcc" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

        <tr>
          <td style="width: 36pt;"><br>
          </td>
          <td style="width: 18pt; vertical-align: top; align: right;">&#8226;</td>
          <td style="width: auto; vertical-align: top;">
            <div>any other event, occurrence or circumstance in respect of which we may lawfully indemnify an office holder.</div>
          </td>
        </tr>

    </table>
    <div style="line-height: 1.25;"><br style="line-height: 1.25;">
    </div>
    <div style="text-align: justify; text-indent: 36pt; line-height: 1.25;">The Registrant may undertake to indemnify an office holder as aforesaid: (a) prospectively, provided that, in respect of the first act (financial liability) the undertaking is
      limited to events which in the opinion of the Board of Directors are foreseeable in light of the Registrant&#8217;s actual operations when the undertaking to indemnify is given, and to an amount or criteria set by the Board of Directors as reasonable under
      the circumstances, and further provided that such events and amount or criteria are set forth in the indemnification undertaking; and (b) retroactively.</div>
    <div style="line-height: 1.25;"><br style="line-height: 1.25;">
    </div>
    <div style="text-align: justify; text-indent: 36pt; line-height: 1.25;">Under the Companies Law and in accordance with the Registrant&#8217;s Articles of Association, the Registrant may not exempt an office holder from liability for a breach of his or her
      duty of loyalty, but may exempt in advance an office holder from his or her liability to the company, in whole or in part, for a breach of his or her duty of care (except in connection with distributions). The Registrant may also approve an action
      taken by the office holder performed in breach of the duty of loyalty, if the office holder acted in good faith, the action does not adversely affect the Registrant and the office holder has disclosed to the Registrant&#8217;s board of directors any
      personal interest in the action.</div>
    <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" id="DSPFPageBreakArea">
      <div style="page-break-after: always;" id="DSPFPageBreak">
        <hr noshade="noshade" style="border-width: 0px; clear: both; margin: 4px 0px; width: 100%; height: 2px; color: #000000; background-color: #000000;"></div>
    </div>
    <div style="line-height: 1.25;"><br style="line-height: 1.25;">
    </div>
    <div style="text-align: justify; text-indent: 36pt; line-height: 1.25;">Notwithstanding the foregoing, pursuant to the Companies Law the Registrant may not exempt or indemnify an office holder 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="text-align: justify; text-indent: 36pt; line-height: 1.25;"> <br>
    </div>
    <table cellspacing="0" cellpadding="0" id="zc615d484f7454c56a2e6a0cdfb96f15e" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

        <tr>
          <td style="width: 36pt;"><br>
          </td>
          <td style="width: 18pt; vertical-align: top; align: right;">&#8226;</td>
          <td style="width: auto; vertical-align: top;">
            <div>a breach by the office holder of his or her duty of loyalty, except that the company may enter into an insurance contract or indemnify an office holder if the office holder acted in good faith and had a reasonable basis to believe that the
              act would not prejudice the Registrant;</div>
            <div> <br>
            </div>
          </td>
        </tr>

    </table>
    <table cellspacing="0" cellpadding="0" id="zac26874ff15b48eb9e8140b85e050757" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

        <tr>
          <td style="width: 36pt;"><br>
          </td>
          <td style="width: 18pt; vertical-align: top; align: right;">&#8226;</td>
          <td style="width: auto; vertical-align: top;">
            <div>a breach by the office holder of his or her duty of care, if such breach was intentional or reckless, but unless such breach was solely negligent;</div>
            <div> <br>
            </div>
          </td>
        </tr>

    </table>
    <table cellspacing="0" cellpadding="0" id="za7a2c12997c447299fe8722c5557f23b" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

        <tr>
          <td style="width: 36pt;"><br>
          </td>
          <td style="width: 18pt; vertical-align: top; align: right;">&#8226;</td>
          <td style="width: auto; vertical-align: top;">
            <div>any act or omission intended to derive an illegal personal benefit; or</div>
            <div> <br>
            </div>
          </td>
        </tr>

    </table>
    <table cellspacing="0" cellpadding="0" id="z8f96c25c577946e7a3b7a2b69a1bad74" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

        <tr>
          <td style="width: 36pt;"><br>
          </td>
          <td style="width: 18pt; vertical-align: top; align: right;">&#8226;</td>
          <td style="width: auto; vertical-align: top;">
            <div>any fine, civil fine, financial sanction or monetary settlement in lieu of criminal proceedings imposed on such office holder.</div>
          </td>
        </tr>

    </table>
    <div style="line-height: 1.25;"><br style="line-height: 1.25;">
    </div>
    <div style="text-align: justify; text-indent: 36pt; line-height: 1.25;">As required under the Companies Law, the Registrant&#8217;s Compensation Committee and, to the extent required under Israeli law, its board of directors and shareholders have approved
      the indemnification and insurance of the Registrant&#8217;s office holders, as well as the resolutions necessary both to (i) exempt the Registrant&#8217;s office holders in advance from any liability for damages arising from a breach of their duty of care to us,
      to the fullest extent permitted by law, and (ii) to provide them with the indemnification, undertakings and insurance coverage they have received from the Registrant in accordance with its Articles of Association.</div>
    <div style="line-height: 1.25;"><br style="line-height: 1.25;">
    </div>
    <div style="text-align: justify; line-height: 1.25; font-weight: bold;">ITEM 8. EXHIBITS</div>
    <div style="line-height: 1.25;"><br style="line-height: 1.25;">
    </div>
    <div style="text-indent: 36pt; line-height: 1.25;">The following is a list of exhibits filed as a part of this Registration Statement and incorporated herein:</div>
    <div style="line-height: 1.25">&#160;</div>
    <table cellspacing="0" cellpadding="2" border="0" id="zaba62c17d385427e8332a5a9b601fe8c" style="font-family: 'Times New Roman',Times,serif; font-size: 10pt; width: 100%; text-align: left; color: rgb(0, 0, 0);">

        <tr>
          <td style="width: 9%; vertical-align: top; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0);">
            <div style="line-height: 1.25; font-family: 'Times New Roman', Times, serif; font-weight: bold;">EXHIBIT NO.</div>
          </td>
          <td style="width: 91%; vertical-align: top; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0);">
            <div style="line-height: 1.25; font-family: 'Times New Roman', Times, serif; font-weight: bold;">DESCRIPTION</div>
          </td>
        </tr>
        <tr>
          <td style="width: 9%; vertical-align: top; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0);">
            <div style="line-height: 1.25; font-family: 'Times New Roman', Times, serif;">4.1</div>
          </td>
          <td style="width: 91%; vertical-align: top; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0);">
            <div style="line-height: 1.25; font-family: 'Times New Roman', Times, serif;">Articles of Association of the Registrant, as amended September 20, 2016 (incorporated herein by reference to Exhibit 1.2 to the Registrant&#8217;s Annual Report on Form
              20-F for the year ended December 31, 2016 (No. 000-30862), filed with the Commission on April 7, 2017)</div>
          </td>
        </tr>
        <tr>
          <td style="width: 9%; vertical-align: top; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0);">
            <div style="line-height: 1.25; font-family: 'Times New Roman', Times, serif;">4.2</div>
          </td>
          <td style="width: 91%; vertical-align: top; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0);">
            <div style="line-height: 1.25; font-family: 'Times New Roman', Times, serif;">Ceragon Networks Ltd. Amended and Restated Share Option and RSU Plan (incorporated herein by reference to Exhibits 4.6, 4.7 and 4.8 to the Registrant&#8217;s Annual Report
              on Form 20-F for the year ended December 31, 2014, filed with the Commission on April 2, 2015)</div>
          </td>
        </tr>
        <tr>
          <td style="width: 9%; vertical-align: top; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0);">
            <div style="line-height: 1.25; font-family: 'Times New Roman', Times, serif;">5.1</div>
          </td>
          <td style="width: 91%; vertical-align: top; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0);">
            <div style="line-height: 1.25; font-family: 'Times New Roman', Times, serif;">Opinion of Shibolet &amp; Co., Law Firm</div>
          </td>
        </tr>
        <tr>
          <td style="width: 9%; vertical-align: top; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0);">
            <div style="line-height: 1.25; font-family: 'Times New Roman', Times, serif;">23.1</div>
          </td>
          <td style="width: 91%; vertical-align: top; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0);">
            <div style="line-height: 1.25; font-family: 'Times New Roman', Times, serif;">Consent of Kost Forer Gabbay &amp; Kasierer, Independent Registered Public Accounting Firm, a Member of Ernst &amp; Young Global</div>
          </td>
        </tr>
        <tr>
          <td style="width: 9%; vertical-align: top; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0);">
            <div style="line-height: 1.25; font-family: 'Times New Roman', Times, serif;">23.2</div>
          </td>
          <td style="width: 91%; vertical-align: top; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0);">
            <div style="line-height: 1.25; font-family: 'Times New Roman', Times, serif;">Consent of Mazars Independent Registered Public Accounting Firm</div>
          </td>
        </tr>
        <tr>
          <td style="width: 9%; vertical-align: top; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0);">
            <div style="line-height: 1.25; font-family: 'Times New Roman', Times, serif;">23.3</div>
          </td>
          <td style="width: 91%; vertical-align: top; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0);">
            <div style="line-height: 1.25; font-family: 'Times New Roman', Times, serif;">Consent of Shibolet &amp; Co., Law Firm (included in Exhibit 5.1)</div>
          </td>
        </tr>
        <tr>
          <td style="width: 9%; vertical-align: top; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0); border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="line-height: 1.25; font-family: 'Times New Roman', Times, serif;">24.1</div>
          </td>
          <td style="width: 91%; vertical-align: top; border-width: 2px; border-style: solid; border-color: rgb(0, 0, 0);">
            <div style="line-height: 1.25; font-family: 'Times New Roman', Times, serif;">Power of Attorney (included in the signature pages to this Registration Statement)</div>
          </td>
        </tr>

    </table>
    <div style="line-height: 1.25;"><br style="line-height: 1.25;">
    </div>
    <div style="line-height: 1.25; font-weight: bold;">ITEM 9. UNDERTAKINGS</div>
    <div style="line-height: 1.25">&#160;</div>
    <div style="text-align: justify; text-indent: 36pt; line-height: 1.25;">(a)&#160;&#160;&#160;&#160; &#160; The undersigned Registrant hereby undertakes:</div>
    <div style="line-height: 1.25">&#160;</div>
    <div style="text-align: justify; text-indent: 36pt; line-height: 1.25;">(1)&#160;&#160;&#160;&#160;&#160;&#160; 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">&#160;</div>
    <div style="text-align: justify; text-indent: 36pt; line-height: 1.25;">(i)&#160;&#160;&#160;&#160;&#160; &#160; to include any prospectus required by Section 10(a)(3) of the Securities Act;</div>
    <div style="line-height: 1.25">&#160;</div>
    <div style="text-align: justify; text-indent: 36pt; line-height: 1.25;">(ii)&#160;&#160;&#160;&#160;&#160; to reflect in the prospectus of 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 a 20% change in the maximum aggregate offering price set forth in the "Calculation of Registration Fee" table in the effective registration statement;</div>
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    <div style="line-height: 1.25">&#160;</div>
    <div style="text-align: justify; text-indent: 36pt; line-height: 1.25;">(iii)&#160;&#160;&#160;&#160;&#160; 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">&#160;</div>
    <div style="text-align: justify; text-indent: 36pt; line-height: 1.25;">provided, however, that paragraphs (1)(i) and (1)(ii) do not apply if the information required to be included in a post-effective amendment by those clauses is contained in
      periodic reports filed by the Registrant pursuant to Section 13 or 15(d) of the Exchange Act that are incorporated by reference in the Registration Statement.</div>
    <div style="line-height: 1.25">&#160;</div>
    <div style="text-align: justify; text-indent: 36pt; line-height: 1.25;">(2)&#160;&#160;&#160;&#160;&#160;&#160; That, for the purpose of determining any liability under the Securities Act, 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">&#160;</div>
    <div style="text-align: justify; text-indent: 36pt; line-height: 1.25;">(3)&#160;&#160;&#160;&#160;&#160;&#160; To remove from registration by means of a post-effective amendment of any of the securities being registered which remain unsold at the termination of the offering.</div>
    <div style="line-height: 1.25">&#160;</div>
    <div style="text-align: justify; text-indent: 36pt; line-height: 1.25;">(b)&#160;&#160;&#160;&#160;&#160; The undersigned Registrant hereby undertakes that for purposes of determining any liability under the Securities Act, each filing of the Registrant&#8217;s annual report
      pursuant to Section 13(a) or Section 15(d) of the Exchange Act (and, where applicable, each filing of an employee benefit plan&#8217;s annual report pursuant to Section 15(d) of the Exchange Act) 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 bona fide offering thereof.</div>
    <div style="line-height: 1.25">&#160;</div>
    <div style="text-align: justify; text-indent: 36pt; line-height: 1.25;">(c)&#160;&#160;&#160;&#160;&#160;&#160; Insofar as indemnification for liabilities arising under the Securities Act 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 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 of the Registrant 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 Act and will be governed by the final adjudication of such issue.</div>
    <div style="line-height: 1.25">&#160;</div>
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    <div style="text-align: center; text-indent: 36pt; line-height: 1.25; font-weight: bold;">SIGNATURES</div>
    <div style="line-height: 1.25">&#160;</div>
    <div style="text-align: justify; text-indent: 36pt; line-height: 1.25;">Pursuant to the requirements of the Securities Act of 1933, as amended, the Registrant certifies that it has reasonable grounds to believe that it meets all of the requirements for
      filing on Form S-8 and has duly caused this Registration Statement to be signed on its behalf by the undersigned, thereunto duly authorized, in the City of Rosh Ha&#8217;Ayin, State of Israel, on the 29 day of September, 2021.</div>
    <div style="line-height: 1.25">&#160;</div>
    <div style="line-height: 1.25">
      <table cellspacing="0" cellpadding="0" border="0" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; color: #000000; width: 100%;" id="z3ce0fba90ba14c6f993a8d823e38cb2d">

          <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',Times,serif; font-weight: bold;">Ceragon Networks Ltd.</div>
                <div style="line-height: 1.25;">&#160;</div>
                <div style="text-align: left; line-height: 1.25;"><font style="font-family: 'Times New Roman',Times,serif;">By:</font> <font style="font-family: 'Times New Roman',Times,serif;"><u>/s/ Doron Arazi</u><br>
                    &#160;&#160;&#160;&#160;&#160;&#160; Doron Arazi<br>
                    &#160;&#160;&#160;&#160;&#160;&#160; President and Chief Executive Officer</font></div>
              </div>
            </td>
          </tr>

      </table>
    </div>
    <div style="line-height: 1.25">&#160;</div>
    <div style="text-align: center; line-height: 1.25; font-family: 'Times New Roman',Times,serif; font-weight: bold;">POWER OF ATTORNEY<a name="POWEROFATTORNEY"><!--Anchor--></a></div>
    <div style="line-height: 1.25;"><br style="line-height: 1.25;">
    </div>
    <div style="text-align: justify; text-indent: 36pt; line-height: 1.25;">&#160;Each of the undersigned appoints Doron Arazi, Ran Vered and Zvi Maayan, and each of them singly, as his or her true and lawful attorneys-in-fact and agents, with full power of
      substitution and re-substitution in each of them singly, for him or her and his or her name, place and stead, and in any and all capacities, to sign any and all amendments (including post-effective amendments) to this Registration Statement of
      Ceragon Networks Ltd., and to file the same, with all exhibits thereto and other documents in connection therewith, with the Commission, granting to said attorneys-in-fact and agents, and each of them, full power and authority to do and perform each
      and every act and thing requisite or necessary to be done, as full to all intents and purposes as he or she might or could do in person, hereby ratifying and confirming all that said attorneys-in-fact and agents, or any or each of them or their
      substitutes may lawfully do or cause to be done by virtue hereof.</div>
    <div style="line-height: 1.25;"><br style="line-height: 1.25;">
    </div>
    <div style="text-align: justify; text-indent: 36pt; line-height: 1.25;">Pursuant to the requirements of the Securities Act of 1933, this Registration Statement has been signed below by the following persons in the capacities and on the dates indicated.</div>
    <div style="line-height: 1.25">&#160;</div>
    <table cellspacing="0" cellpadding="3" border="0" id="z31fabdb8410942088adf6b2e6cffa713" style="font-family: 'Times New Roman',Times,serif; font-size: 10pt; width: 100%; text-align: left; color: rgb(0, 0, 0);">

        <tr>
          <td style="width: 33.33%; vertical-align: top; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0);">
            <div style="line-height: 1.25; font-family: 'Times New Roman', Times, serif; font-weight: bold;"><u>Name</u></div>
          </td>
          <td style="width: 33.33%; vertical-align: top; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0);">
            <div style="line-height: 1.25; font-family: 'Times New Roman', Times, serif; font-weight: bold;"><u>Title</u></div>
          </td>
          <td style="width: 33.33%; vertical-align: top; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0);">
            <div style="line-height: 1.25; font-family: 'Times New Roman', Times, serif; font-weight: bold;"><u>Date</u></div>
          </td>
        </tr>
        <tr>
          <td style="width: 33.33%; vertical-align: top; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0);">
            <div style="line-height: 1.25;"><font style="line-height: 1.25;">&#160;</font></div>
            <div style="line-height: 1.25;"><font style="font-family: 'Times New Roman', Times, serif;"><u>/s/ Zohar Zisapel</u></font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</div>
            <div style="line-height: 1.25; font-family: 'Times New Roman', Times, serif;">Zohar Zisapel</div>
          </td>
          <td style="width: 33.33%; vertical-align: top; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0);">
            <div style="line-height: 1.25;"><font style="line-height: 1.25;">&#160;</font></div>
            <div style="line-height: 1.25; font-family: 'Times New Roman', Times, serif;">Chairman of the Board of Directors</div>
          </td>
          <td style="width: 33.33%; vertical-align: middle; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0);">
            <div style="line-height: 1.25;">September 29, 2021</div>
          </td>
        </tr>
        <tr>
          <td style="width: 33.33%; vertical-align: top; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0);">
            <div style="line-height: 1.25;"><font style="line-height: 1.25;">&#160;</font></div>
            <div style="line-height: 1.25;"><font style="font-family: 'Times New Roman', Times, serif;"><u>/s/ Doron Arazi</u></font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</div>
            <div style="line-height: 1.25; font-family: 'Times New Roman', Times, serif;">Doron Arazi</div>
          </td>
          <td style="width: 33.33%; vertical-align: middle; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0);">
            <div style="line-height: 1.25; font-family: 'Times New Roman', Times, serif;">President and Chief Executive Officer (<font style="font-style: italic;">principal executive officer</font>)</div>
          </td>
          <td style="width: 33.33%; vertical-align: middle; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0);">
            <div style="line-height: 1.25;">September 29, 2021</div>
          </td>
        </tr>
        <tr>
          <td style="width: 33.33%; vertical-align: top; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0);">
            <div style="line-height: 1.25;"><font style="line-height: 1.25;">&#160;</font></div>
            <div style="line-height: 1.25;"><font style="font-family: 'Times New Roman', Times, serif;"><u>/s/ Ran Vered</u></font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="font-family: 'Times New Roman', Times, serif;"><br>
                Ran Vered</font></div>
          </td>
          <td style="width: 33.33%; vertical-align: top; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0);">
            <div style="line-height: 1.25; font-family: 'Times New Roman', Times, serif;">Chief Financial Officer (<font style="font-style: italic;">principal financial and accounting officer</font>)</div>
          </td>
          <td style="width: 33.33%; vertical-align: middle; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0);">
            <div style="line-height: 1.25;">September 29, 2021</div>
          </td>
        </tr>
        <tr>
          <td style="width: 33.33%; vertical-align: top; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0);">
            <div style="line-height: 1.25;"><font style="line-height: 1.25;">&#160;</font></div>
            <div style="line-height: 1.25;"><font style="font-family: 'Times New Roman', Times, serif;"><u>/s/</u></font><font style="font-family: 'Times New Roman', Times, serif;"><u>Shlomo Liran</u></font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="font-family: 'Times New Roman', Times, serif;"><br>
                Shlomo Liran</font></div>
          </td>
          <td style="width: 33.33%; vertical-align: top; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0);">
            <div style="line-height: 1.25;"><font style="line-height: 1.25;">&#160;</font></div>
            <div style="line-height: 1.25; font-family: 'Times New Roman', Times, serif;">Director</div>
          </td>
          <td style="width: 33.33%; vertical-align: middle; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0);">
            <div style="line-height: 1.25;">September 29, 2021</div>
          </td>
        </tr>
        <tr>
          <td style="width: 33.33%; vertical-align: top; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0);">
            <div style="line-height: 1.25;"><font style="line-height: 1.25;">&#160;</font></div>
            <div style="line-height: 1.25;"><font style="font-family: 'Times New Roman', Times, serif;"><u>/s/ Yael Langer</u></font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="font-family: 'Times New Roman', Times, serif;"><br>
                Yael Langer</font></div>
          </td>
          <td style="width: 33.33%; vertical-align: top; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0);">
            <div style="line-height: 1.25;"><font style="line-height: 1.25;">&#160;</font></div>
            <div style="line-height: 1.25; font-family: 'Times New Roman', Times, serif;">Director</div>
          </td>
          <td style="width: 33.33%; vertical-align: middle; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0);">
            <div style="line-height: 1.25;">September 29, 2021</div>
          </td>
        </tr>
        <tr>
          <td style="width: 33.33%; vertical-align: top; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0);">
            <div style="line-height: 1.25;"><font style="line-height: 1.25;">&#160;</font></div>
            <div style="line-height: 1.25;"><font style="font-family: 'Times New Roman', Times, serif;"><u>/s/ Rami Hadar</u></font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="font-family: 'Times New Roman', Times, serif;"><br>
                Rami Hadar</font></div>
          </td>
          <td style="width: 33.33%; vertical-align: top; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0);">
            <div style="line-height: 1.25;"><font style="line-height: 1.25;">&#160;</font></div>
            <div style="line-height: 1.25; font-family: 'Times New Roman', Times, serif;">Director</div>
          </td>
          <td style="width: 33.33%; vertical-align: middle; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0);">
            <div style="line-height: 1.25;">September 29, 2021</div>
          </td>
        </tr>
        <tr>
          <td style="width: 33.33%; vertical-align: top; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0);">
            <div style="line-height: 1.25;"><font style="line-height: 1.25;">&#160;</font></div>
            <div style="line-height: 1.25;"><font style="font-family: 'Times New Roman', Times, serif;"><u>/s/ Ilan Rosen</u></font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="font-family: 'Times New Roman', Times, serif;"><br>
                Ilan Rosen</font></div>
          </td>
          <td style="width: 33.33%; vertical-align: top; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0);">
            <div style="line-height: 1.25;"><font style="line-height: 1.25;">&#160;</font></div>
            <div style="line-height: 1.25; font-family: 'Times New Roman', Times, serif;">Director</div>
          </td>
          <td style="width: 33.33%; vertical-align: middle; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0);">
            <div style="line-height: 1.25;">September 29, 2021</div>
          </td>
        </tr>
        <tr>
          <td style="width: 33.33%; vertical-align: top; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0);">
            <div style="line-height: 1.25;"><font style="line-height: 1.25;">&#160;</font></div>
            <div style="line-height: 1.25; font-family: 'Times New Roman', Times, serif;"><u>/s/ David Ripstein</u><br>
              David Ripstein</div>
          </td>
          <td style="width: 33.33%; vertical-align: top; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0);">
            <div style="line-height: 1.25;"><font style="line-height: 1.25;">&#160;</font></div>
            <div style="line-height: 1.25; font-family: 'Times New Roman', Times, serif;">Director</div>
          </td>
          <td style="width: 33.33%; vertical-align: middle; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0);">
            <div style="line-height: 1.25;">September 29, 2021</div>
          </td>
        </tr>
        <tr>
          <td style="width: 33.33%; vertical-align: top; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0); border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="line-height: 1.25;"><font style="line-height: 1.25;">&#160;</font></div>
            <div style="line-height: 1.25; font-family: 'Times New Roman', Times, serif;"><u>/s/ Ira Palti</u><br>
              Ira Palti</div>
          </td>
          <td style="width: 33.33%; vertical-align: top; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0); border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="line-height: 1.25;"><font style="line-height: 1.25;">&#160;</font></div>
            <div style="line-height: 1.25; font-family: 'Times New Roman', Times, serif;">Director</div>
          </td>
          <td style="width: 33.33%; vertical-align: middle; border-width: 2px; border-style: solid; border-color: rgb(0, 0, 0);">
            <div style="line-height: 1.25;">September 29, 2021</div>
          </td>
        </tr>

    </table>
    <div style="text-indent: 36pt; line-height: 1.25;"><br style="line-height: 1.25;">
    </div>
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    <div style="text-indent: 36pt; line-height: 1.25;">Pursuant to the requirements of Section 6(a) of the Securities Act, the undersigned has signed the Registration Statement solely in the capacity of the duly authorized representative of the Registrant
      in the United States on September 29, 2021.</div>
    <div style="line-height: 1.25;"><br style="line-height: 1.25;">
    </div>
    <div style="line-height: 1.25;">
      <table cellspacing="0" cellpadding="0" border="0" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; color: #000000; width: 100%;" id="zfb24900602ad4da8a419f99c7756b5ce">

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            <td style="width: 50.00%;">
              <div>&#160;</div>
            </td>
            <td style="width: 50%;">
              <div>
                <div style="text-align: left; line-height: 1.25;"><font style="font-family: 'Times New Roman',Times,serif; font-weight: bold;">Ceragon Networks, Inc.</font></div>
                <div style="line-height: 1.25;"><br style="line-height: 1.25;">
                </div>
                <div style="text-align: left; line-height: 1.25;"><font style="font-family: 'Times New Roman',Times,serif;">By: <u>/s/ Ronen Rotstein</u></font></div>
                <div style="text-align: left; line-height: 1.25;"><font style="font-family: 'Times New Roman',Times,serif;">&#160;&#160;&#160;&#160;&#160;&#160; Ronen Rotstein</font><font style="font-family: 'Times New Roman',Times,serif; font-style: italic;">&#160;&#160;&#160;&#160;&#160; </font></div>
                <div style="text-align: left; line-height: 1.25;"><font style="font-family: 'Times New Roman',Times,serif; font-style: italic;">&#160;&#160;&#160;&#160;&#160;&#160; Acting Regional President North America</font></div>
              </div>
            </td>
          </tr>

      </table>
    </div>
    <div style="line-height: 1.25;"><br style="line-height: 1.25;">
    </div>
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    <div style="text-align: center; line-height: 1.25; font-weight: bold;">INDEX TO EXHIBITS</div>
    <div style="line-height: 1.25;"><br style="line-height: 1.25;">
    </div>
    <div style="text-align: justify; line-height: 1.25;">The following is a list of exhibits filed as part of this Registration Statement:</div>
    <div style="line-height: 1.25">&#160;</div>
    <table cellspacing="0" cellpadding="2" border="0" id="za5a4e7a98af249d88b129006f1cf07f0" style="font-family: 'Times New Roman',Times,serif; font-size: 10pt; width: 100%; text-align: left; color: rgb(0, 0, 0);">

        <tr>
          <td style="width: 9%; vertical-align: top; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0);">
            <div style="line-height: 1.25; font-family: 'Times New Roman', Times, serif; font-weight: bold;">EXHIBIT NO.</div>
          </td>
          <td style="width: 91%; vertical-align: top; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0);">
            <div style="line-height: 1.25; font-family: 'Times New Roman', Times, serif; font-weight: bold;">DESCRIPTION</div>
            <div style="line-height: 1.25;"><font style="line-height: 1.25;">&#160;</font></div>
          </td>
        </tr>
        <tr>
          <td style="width: 9%; vertical-align: top; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0);">
            <div style="line-height: 1.25; font-family: 'Times New Roman', Times, serif;"><a href="https://www.sec.gov/Archives/edgar/data/1119769/000117891317001087/exhibit_1-2.htm">4.1</a></div>
          </td>
          <td style="width: 91%; vertical-align: top; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0);">
            <div style="line-height: 1.25; font-family: 'Times New Roman', Times, serif;"><a href="https://www.sec.gov/Archives/edgar/data/1119769/000117891317001087/exhibit_1-2.htm">Articles of Association of the Registrant, as amended September 20, 2016
                (incorporated herein by reference to Exhibit 1.2 to the Registrant&#8217;s Annual Report on Form 20-F for the year ended December 31, 2016 (No. 000-30862), filed with the Commission on April 7, 2017)</a></div>
          </td>
        </tr>
        <tr>
          <td style="width: 9%; vertical-align: top; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0);">
            <div style="line-height: 1.25; font-family: 'Times New Roman', Times, serif;"><a href="https://www.sec.gov/Archives/edgar/data/1119769/000117891315001181/0001178913-15-001181-index.htm">4.2</a></div>
          </td>
          <td style="width: 91%; vertical-align: top; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0);">
            <div style="line-height: 1.25; font-family: 'Times New Roman', Times, serif;"><a href="https://www.sec.gov/Archives/edgar/data/1119769/000117891315001181/0001178913-15-001181-index.htm">Ceragon Networks Ltd. Amended and Restated Share Option
                and RSU Plan (incorporated herein by reference to Exhibits 4.6, 4.7 and 4.8 to the Registrant&#8217;s Annual Report on Form 20-F for the year ended December 31, 2014, filed with the Commission on April 2, 2015)</a></div>
          </td>
        </tr>
        <tr>
          <td style="width: 9%; vertical-align: top; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0);">
            <div style="line-height: 1.25; font-family: 'Times New Roman', Times, serif;"><a href="exhibit_5-1.htm">5.1</a></div>
          </td>
          <td style="width: 91%; vertical-align: top; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0);">
            <div style="line-height: 1.25; font-family: 'Times New Roman', Times, serif;"><a href="exhibit_5-1.htm">Opinion of Shibolet &amp; Co., Law Firm</a></div>
          </td>
        </tr>
        <tr>
          <td style="width: 9%; vertical-align: top; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0);">
            <div style="line-height: 1.25; font-family: 'Times New Roman', Times, serif;"><a href="exhibit_23-1.htm">23.1</a></div>
          </td>
          <td style="width: 91%; vertical-align: top; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0);">
            <div style="line-height: 1.25; font-family: 'Times New Roman', Times, serif;"><a href="exhibit_23-1.htm">Consent of Kost Forer Gabbay &amp; Kasierer,
                Independent Registered Public Accounting Firm, a Member of Ernst &amp; Young Global</a></div>
          </td>
        </tr>
        <tr>
          <td style="width: 9%; vertical-align: top; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0);">
            <div style="line-height: 1.25; font-family: 'Times New Roman', Times, serif;"><a href="exhibit_23-2.htm">23.2</a></div>
          </td>
          <td style="width: 91%; vertical-align: top; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0);">
            <div style="line-height: 1.25; font-family: 'Times New Roman', Times, serif;"><a href="exhibit_23-2.htm">Consent of Mazars Independent Registered
                Public Accounting Firm</a></div>
          </td>
        </tr>
        <tr>
          <td style="width: 9%; vertical-align: top; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0);">
            <div style="line-height: 1.25; font-family: 'Times New Roman', Times, serif;"><a href="exhibit_5-1.htm">23.3</a></div>
          </td>
          <td style="width: 91%; vertical-align: top; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0);">
            <div style="line-height: 1.25; font-family: 'Times New Roman', Times, serif;"><a href="exhibit_5-1.htm">Consent of Shibolet &amp; Co., Law Firm
                (included in Exhibit 5.1)</a></div>
          </td>
        </tr>
        <tr>
          <td style="width: 9%; vertical-align: top; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0); border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="line-height: 1.25; font-family: 'Times New Roman', Times, serif;"><a href="#POWEROFATTORNEY">24.1</a></div>
          </td>
          <td style="width: 91%; vertical-align: top; border-width: 2px; border-style: solid; border-color: rgb(0, 0, 0);">
            <div style="line-height: 1.25; font-family: 'Times New Roman', Times, serif;"><a href="#POWEROFATTORNEY">Power of Attorney (included in the signature pages to this Registration Statement)</a></div>
          </td>
        </tr>

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    <div style="line-height: 1.25;"><br style="line-height: 1.25;">
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    <div style="line-height: 1.25;">
      <hr align="center" style="border: none; border-bottom: 4px solid black; border-top: 1px solid black; height: 10px; color: #ffffff; background-color: #ffffff; text-align: center; margin-left: auto; margin-right: auto;"></div>
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</DOCUMENT>
<DOCUMENT>
<TYPE>EX-5.1
<SEQUENCE>2
<FILENAME>exhibit_5-1.htm
<DESCRIPTION>EXHIBIT 5.1
<TEXT>
<html>
  <head>
    <title></title>
    <!-- Licensed to: company
         Document created using EDGARfilings PROfile 7.6.0.0
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  </head>
<body bgcolor="#ffffff" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; text-align: left; color: #000000;">
  <div>
    <div style="text-align: right; line-height: 1.25; font-style: italic; font-weight: bold;">
      <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;"><u>Exhibits 5.1 and 23.3</u></div>
    <div style="line-height: 1.25">&#160;</div>
    <div style="text-align: center; line-height: 1.25;">Tel Aviv, September 29, 2021</div>
    <div style="text-align: center; line-height: 1.25;">Ref: C-296-0</div>
    <div style="text-align: center; line-height: 1.25;"> <br>
    </div>
    <div style="line-height: 1.25;">Ceragon Networks&#160;Ltd.</div>
    <div style="line-height: 1.25;">Nitzba City, Plot 300<br>
      PO Box 112, Rosh Ha&#8217;Ayin 4810002<br>
      <br style="line-height: 1.25;">
    </div>
    <div style="line-height: 1.25;"><u>Israel</u></div>
    <div style="line-height: 1.25">&#160;</div>
    <div style="text-align: center; margin-left: 35.45pt; line-height: 1.25; font-weight: bold; font-size: 12pt;"><u>Re:&#160;&#160;&#160;Ceragon Networks Ltd. - Registration Statement on Form&#160;S-8</u></div>
    <div style="line-height: 1.25">&#160;</div>
    <div style="line-height: 1.25;">Ladies and Gentlemen:</div>
    <div style="line-height: 1.25;"><br style="line-height: 1.25;">
    </div>
    <div style="text-align: justify; line-height: 1.25;">We refer to the registration statement on Form S-8 (the "<u>Registration Statement</u>"), to be filed by Ceragon Networks Ltd., a company organized under the laws of the State of Israel (the "<u>Registrant</u>"),
      with the United States Securities and Exchange Commission under the Securities Act of 1933, as amended (the "<u>Act</u>"), relating to the registration of 3,000,000 of the Registrant&#8217;s Ordinary Shares, nominal value NIS 0.01 each (the "<u>Shares</u>"),
      authorized for issuance under the Registrant&#8217;s Amended and Restated Share Option and RSU Plan (the "<u>Plan</u>").</div>
    <div style="line-height: 1.25;"><br style="line-height: 1.25;">
    </div>
    <div style="text-align: justify; line-height: 1.25;">This opinion is being furnished in accordance with the requirements of Item 8 of Form&#160;S-8 and Item 601(b)(5)(i) of Regulation S-K.</div>
    <div style="line-height: 1.25;"><br style="line-height: 1.25;">
    </div>
    <div style="text-align: justify; line-height: 1.25;">In our capacity as the Registrant&#8217;s Israeli counsel in connection with the registering of the Shares pursuant to the Registration Statement, we have examined copies of the Registrant&#8217;s Articles of
      Association, as amended, the Plan, protocols of meetings of the Board of Directors of the Registrant with respect to the reservation of the Shares for issuance under the Plan and other corporate records, instruments and documents we have considered
      necessary or appropriate for the purpose of this opinion, which were presented to us by the Registrant, and such matters of Israeli law as we have considered necessary or appropriate for the purpose of rendering this opinion. We have assumed that the
      Registrant presented to us all such protocols and documents relating to or having any bearing on the Plan.</div>
    <div style="line-height: 1.25;"><br style="line-height: 1.25;">
    </div>
    <div style="text-align: justify; line-height: 1.25;">In our examination, we have assumed the genuineness of all signatures, the legal capacity of all natural persons, the correctness and completeness of certificates of public officials and the
      representations set forth therein, the authenticity of all documents submitted to us as originals and the conformity to authentic original documents of all documents submitted to us as copies. We have assumed the same to have been properly given and
      to be accurate and we have assumed the truth of all facts communicated to us by the Registrant. We have also assumed that all protocols of meetings of the Registrant&#8217;s Board of Directors which have been provided to us are true and accurate and have
      been properly prepared in accordance with the Registrant&#8217;s incorporation documents and all applicable laws. We have also assumed that each individual grant under the Plan to be made after the date hereof will be duly authorized by all necessary
      corporate action in accordance with the Israeli Companies Law, 5759-1999.</div>
    <div style="line-height: 1.25;"><br style="line-height: 1.25;">
    </div>
    <div style="text-align: justify; line-height: 1.25;">Based upon and subject to the foregoing, we are of the opinion that the Shares being registered pursuant to this Registration Statement have been duly and validly authorized for registration under
      the Registration Statement, and if, and when, issued and paid for (where applicable) upon the exercise, conversion or settlement of awards&#160;pursuant to the terms and conditions of the Plan, such Shares will be validly issued, fully paid and
      nonassessable.</div>
    <div style="line-height: 1.25;"><br style="line-height: 1.25;">
    </div>
    <div style="text-align: justify; line-height: 1.25;">We are members of the Israeli Bar and we are opining herein as to the effect on the subject matter only of the internal laws of the State of Israel, and we express no opinion with respect to the
      applicability thereto, or the effect thereon, of the laws of any other jurisdiction.</div>
    <div style="line-height: 1.25;"><br style="line-height: 1.25;">
    </div>
    <div style="text-align: justify; line-height: 1.25;">This opinion letter is rendered as of the date first written above and we disclaim any obligation to advise the Registrant of facts, circumstances, events or developments, including, without
      limitation, in the law, which hereafter may be brought to our attention and which may alter, affect or modify the opinion expressed herein. Our opinion is expressly limited to the matters set forth above and we render no opinion, whether by
      implication or otherwise, as to any other matters relating to the Registrant, the Plan or the Shares.</div>
    <div style="line-height: 1.25;"><br style="line-height: 1.25;">
    </div>
    <div style="text-align: justify; line-height: 1.25;">We consent to the filing of this opinion letter as Exhibit&#160;5.1 to the Registration Statement.&#160; This consent is not to be construed as an admission that we are a party whose consent is required to be
      filed with the Registration Statement under Section 7 of the Act or the rules and regulations promulgated thereunder.</div>
    <div style="line-height: 1.25;"><br style="line-height: 1.25;">
    </div>
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          <tr>
            <td style="width: 25%;">
              <div>&#160;</div>
            </td>
            <td style="width: 75%;">
              <div>
                <div style="text-align: center; line-height: 1.25;">Very truly yours,</div>
                <div style="line-height: 1.25;"><br style="line-height: 1.25;">
                </div>
                <div style="text-align: center; line-height: 1.25;"><u>/s/Shibolet &amp; Co., Law Firm</u></div>
                <div style="text-align: center; line-height: 1.25;"><u>Shibolet &amp; Co., Law Firm</u></div>
              </div>
            </td>
          </tr>

      </table>
    </div>
    <div style="line-height: 1.25;"><br style="line-height: 1.25;">
    </div>
    <hr align="center" style="border: none; border-bottom: 4px solid black; border-top: 1px solid black; height: 10px; color: #ffffff; background-color: #ffffff; text-align: center; margin-left: auto; margin-right: auto;">
    <div style="line-height: 1.25;"></div>
    <div style="line-height: 1.25;"></div>
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</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-23.1
<SEQUENCE>3
<FILENAME>exhibit_23-1.htm
<DESCRIPTION>EXHIBIT 23.1
<TEXT>
<html>
  <head>
    <title></title>
    <!-- Licensed to: company
         Document created using EDGARfilings PROfile 7.6.0.0
         Copyright 1995 - 2021 Broadridge -->
  </head>
<body bgcolor="#ffffff" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; text-align: left; color: #000000;">
  <div>
    <div style="text-align: right; line-height: 1.25; font-style: italic; font-weight: bold;">
      <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;"><u>Exhibit 23.1</u></div>
    <div style="line-height: 1.25">&#160;</div>
    <div style="text-align: center; line-height: 1.25; font-family: 'Times New Roman',Times,serif; font-size: 12pt; font-style: italic; font-weight: bold;">CONSENT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM</div>
    <div style="line-height: 1.25;"><br style="line-height: 1.25;">
    </div>
    <div style="line-height: 1.25;">The Board of Directors</div>
    <div style="line-height: 1.25;">Ceragon Networks Ltd.:</div>
    <div style="line-height: 1.25;"><br style="line-height: 1.25;">
    </div>
    <div style="text-align: justify; line-height: 1.25;">We consent to the incorporation by reference in the Registration Statement (Form S-8) pertaining to the Amended and Restated Share
      Option and RSU<font style="font-weight: bold;">&#160;</font>Plan of Ceragon Networks Ltd. of our reports dated March 8, 2021 with respect to the consolidated financial statements of Ceragon
      Networks Ltd., and the effectiveness of internal control over financial reporting of Ceragon Networks Ltd. included in its Annual Report (Form 20-F) for the year ended December 31, 2020 filed with the Securities and Exchange Commission.</div>
    <div style="line-height: 1.25;"><br style="line-height: 1.25;">
    </div>
    <table cellspacing="0" cellpadding="0" id="zdfc566f2a4a44e538b43a1eb9a0a28e2" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

        <tr>
          <td style="width: 33.82%; vertical-align: top;" rowspan="1">&#160;</td>
          <td style="width: 19.4%; vertical-align: top;" rowspan="1">&#160;</td>
          <td style="width: 46.78%; vertical-align: top;" rowspan="1">
            <div style="text-align: center; line-height: 1.25; font-family: 'Times New Roman',Times,serif;"><u>/s/ KOST FORER GABBAY &amp; KASIERER</u></div>
          </td>
        </tr>
        <tr>
          <td style="width: 33.82%; vertical-align: top;">
            <div style="margin-left: 28.35pt; line-height: 1.25;">Tel-Aviv, Israel</div>
          </td>
          <td style="width: 19.4%; vertical-align: top;">&#160;</td>
          <td style="width: 46.78%; vertical-align: top;">
            <div style="text-align: center; line-height: 1.25; font-family: 'Times New Roman',Times,serif;">KOST FORER GABBAY &amp; KASIERER</div>
          </td>
        </tr>
        <tr>
          <td style="width: 33.82%; vertical-align: top;">
            <div style="margin-left: 28.35pt; line-height: 1.25;">September 29, 2021</div>
          </td>
          <td style="width: 19.4%; vertical-align: top;">&#160;</td>
          <td style="width: 46.78%; vertical-align: top;">
            <div style="text-align: center; line-height: 1.25; font-family: 'Times New Roman',Times,serif;">A Member of EY Global</div>
          </td>
        </tr>

    </table>
    <div style="line-height: 1.25;"><br style="line-height: 1.25;">
      <hr align="center" style="border: none; border-bottom: 4px solid black; border-top: 1px solid black; height: 10px; color: #ffffff; background-color: #ffffff; text-align: center; margin-left: auto; margin-right: auto;"></div>
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</DOCUMENT>
<DOCUMENT>
<TYPE>EX-23.2
<SEQUENCE>4
<FILENAME>exhibit_23-2.htm
<DESCRIPTION>EXHIBIT 23.2
<TEXT>
<html>
  <head>
    <title></title>
    <!-- Licensed to: company
         Document created using EDGARfilings PROfile 7.6.0.0
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  </head>
<body bgcolor="#ffffff" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; text-align: left; color: #000000;">
  <div>
    <div style="text-align: right; line-height: 1.25; font-style: italic; font-weight: bold;">
      <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;"><u>Exhibit 23.2</u></div>
    <div style="line-height: 1.25">&#160;</div>
    <div style="text-align: center; line-height: 1.25; font-family: 'Times New Roman',Times,serif; font-size: 12pt; font-style: italic; font-weight: bold;">CONSENT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM</div>
    <div style="line-height: 1.25;"><br style="line-height: 1.25;">
    </div>
    <div style="line-height: 1.25;">The Board of Directors</div>
    <div style="line-height: 1.25;">Ceragon Networks Ltd.:</div>
    <div style="line-height: 1.25;"><br style="line-height: 1.25;">
    </div>
    <div style="text-align: justify; line-height: 1.25;">We consent to the incorporation by reference in the Registration Statement (Form S-8) pertaining to the Amended and Restated Share
      Option and RSU<font style="font-weight: bold;">&#160;</font>Plan of Ceragon Networks Ltd. of our reports dated March 8, 2021, with respect to the consolidated financial statements of Ceragon
      America Latina Ltda. and the effectiveness of internal control over financial reporting of Ceragon America Latina Ltda. included in Ceragon Networks Ltd. Annual Report (Form 20-F), for the year ended December 31, 2020 filed with the Securities and
      Exchange Commission.</div>
    <div style="line-height: 1.25;"><br style="line-height: 1.25;">
    </div>
    <div style="line-height: 1.25;">
      <table cellspacing="0" cellpadding="0" border="0" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; color: #000000; width: 100%;" id="zb79b792eb993458aa14218d0e215279e">

          <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',Times,serif;"><u>/s/ Mazars
                      Auditores Independentes S.S.</u></div>
                <div style="text-align: left; line-height: 1.25; font-family: 'Times New Roman',Times,serif;">&#160;&#160;&#160; Mazars Auditores Independentes S.S.</div>
              </div>
            </td>
          </tr>

      </table>
    </div>
    <div style="line-height: 1.25;"><br style="line-height: 1.25;">
    </div>
    <table cellspacing="0" cellpadding="0" id="z6df6e4413b4042cc89232cdb716f8b7f" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

        <tr>
          <td style="width: 33.82%; vertical-align: top;">
            <div style="margin-left: 28.35pt; line-height: 1.25;">Sao Paulo, SP</div>
          </td>
          <td style="width: 19.4%; vertical-align: top;">&#160;</td>
          <td style="width: 46.78%; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 33.82%; vertical-align: top;">
            <div style="margin-left: 28.35pt; line-height: 1.25;">September 29, 2021</div>
          </td>
          <td style="width: 19.4%; vertical-align: top;">&#160;</td>
          <td style="width: 46.78%; vertical-align: top;">&#160;</td>
        </tr>

    </table>
    <div style="line-height: 1.25;"><br style="line-height: 1.25;">
      <hr align="center" style="border: none; border-bottom: 4px solid black; border-top: 1px solid black; height: 10px; color: #ffffff; background-color: #ffffff; text-align: center; margin-left: auto; margin-right: auto;"></div>
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</SEC-DOCUMENT>
