<SEC-DOCUMENT>0001178913-22-002678.txt : 20220718
<SEC-HEADER>0001178913-22-002678.hdr.sgml : 20220718
<ACCEPTANCE-DATETIME>20220718100412
ACCESSION NUMBER:		0001178913-22-002678
CONFORMED SUBMISSION TYPE:	6-K
PUBLIC DOCUMENT COUNT:		3
CONFORMED PERIOD OF REPORT:	20220718
FILED AS OF DATE:		20220718
DATE AS OF CHANGE:		20220718

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:		6-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-30862
		FILM NUMBER:		221088467

	BUSINESS ADDRESS:	
		STREET 1:		NITZBA CITY, PLOT 300
		STREET 2:		BLDG. A, 7TH FLOOR, POB 112
		CITY:			ROSH HA AYIN
		STATE:			L3
		ZIP:			481000
		BUSINESS PHONE:		972-3-543-1000

	MAIL ADDRESS:	
		STREET 1:		NITZBA CITY, PLOT 300
		STREET 2:		BLDG. A, 7TH FLOOR, POB 112
		CITY:			ROSH HA AYIN
		STATE:			L3
		ZIP:			481000

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	GIGANET LTD
		DATE OF NAME CHANGE:	20000719
</SEC-HEADER>
<DOCUMENT>
<TYPE>6-K
<SEQUENCE>1
<FILENAME>zk2228142.htm
<DESCRIPTION>6-K
<TEXT>
<html>
  <head>
    <title></title>
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<body bgcolor="#ffffff" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; text-align: left; color: #000000;">
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    <div style="text-align: center; line-height: 1.25; 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; margin-left: auto; margin-right: auto;"></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 style="font-size: 14pt; font-family: 'Times New Roman',Times,serif; background-color: rgb(255, 255, 255); font-weight: bold; color: rgb(0, 0, 0); font-style: normal; font-variant: normal; text-transform: none;">SECURITIES AND EXCHANGE COMMISSION</font><br>
      Washington, D. C. 20549</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: 14pt; font-weight: bold; background-color: rgb(255, 255, 255); color: rgb(0, 0, 0); font-style: normal; font-variant: normal; text-transform: none;">FORM 6-K</div>
    <div style="line-height: 1.25;">&#160;</div>
    <div style="text-align: center; line-height: 1.25; font-weight: bold;">REPORT OF&#160; FOREIGN&#160; PRIVATE&#160; ISSUER&#160; PURSUANT&#160; TO RULE 13a-16&#160; OR</div>
    <div style="text-align: center; line-height: 1.25; font-weight: bold;">15d-16&#160; UNDER THE&#160; SECURITIES&#160; EXCHANGE&#160; ACT&#160; OF&#160; 1934</div>
    <div style="line-height: 1.25;"><br style="line-height: 1.25;">
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    <div style="text-align: center; line-height: 1.25; font-weight: bold;">For the month of July 2022</div>
    <div style="line-height: 1.25;">&#160;</div>
    <div style="text-align: center; line-height: 1.25; font-weight: bold;">Commission File Number: 0-30862</div>
    <div style="line-height: 1.25;"><br style="line-height: 1.25;">
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    <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;" id="z6d53b8107178431bbe4fb2c56895db34">

        <tr>
          <td style="width: 100%; vertical-align: top;">
            <div style="text-align: center; line-height: 1.25; font-family: 'Times New Roman',Times,serif; font-size: 16pt; font-weight: bold; background-color: rgb(255, 255, 255); color: rgb(0, 0, 0); font-style: normal; font-variant: normal; text-transform: none;">&#160;CERAGON NETWORKS LTD.</div>
            <div style="text-align: center; line-height: 1.25;"><img width="288" height="2" src="image0.jpg"></div>
            <div style="text-align: center; line-height: 1.25; font-weight: bold;">(Translation of registrant&#8217;s name into English)</div>
            <div style="line-height: 1.25;"><font style="line-height: 1.25;">&#160;</font></div>
          </td>
        </tr>
        <tr>
          <td style="width: 100%; vertical-align: top;">
            <div style="text-align: center; line-height: 1.25; font-weight: bold;">Plot 300, Nitzba Citi, Rosh Ha&#8217;Ayin, Israel, 4810002</div>
            <div style="text-align: center; line-height: 1.25;"><img width="288" height="2" src="image0.jpg"></div>
            <div style="text-align: center; line-height: 1.25; font-weight: bold;">(Address of principal executive offices)</div>
            <div style="line-height: 1.25;">&#160;</div>
          </td>
        </tr>

    </table>
    <div style="line-height: 1.25;">Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.</div>
    <div style="line-height: 1.25;"><br style="line-height: 1.25;">
    </div>
    <div style="text-align: center; line-height: 1.25;">Form 20-F <font style="font-family: 'Segoe UI Symbol', sans-serif;">&#9746;</font> &#160; &#160; &#160; &#160; &#160;&#160; Form 40-F <font style="font-family: 'Segoe UI Symbol', sans-serif;">&#9744;</font></div>
    <div style="line-height: 1.25;"><br style="line-height: 1.25;">
    </div>
    <div style="line-height: 1.25;">Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): _____</div>
    <div style="line-height: 1.25;">&#160;</div>
    <div style="line-height: 1.25;">Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): _____ &#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</div>
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    </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;">SIGNATURES</div>
    <div style="line-height: 1.25;">&#160;</div>
    <div style="text-indent: 36pt; line-height: 1.25;">Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.</div>
    <div style="line-height: 1.25;">&#160;</div>
    <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;" id="za538e74cc5a74dccadbba8b0878a97dd">

        <tr>
          <td style="width: 50%; vertical-align: top;">
            <div style="line-height: 1.25;">&#160;&#160;</div>
          </td>
          <td style="width: 50%; vertical-align: top;">
            <div style="line-height: 1.25;">CERAGON NETWORKS LTD.</div>
            <div style="line-height: 1.25;"><font style="line-height: 1.25;">&#160;</font></div>
          </td>
        </tr>
        <tr>
          <td style="width: 50%; vertical-align: top;">
            <div style="line-height: 1.25;">Date: July 18, 2022</div>
          </td>
          <td style="width: 50%; vertical-align: top;">
            <div style="line-height: 1.25;">By:&#160; <u>/s/ Doron Arazi</u></div>
          </td>
        </tr>
        <tr>
          <td style="width: 50%; vertical-align: top;">
            <div style="line-height: 1.25;">&#160;</div>
          </td>
          <td style="width: 50%; vertical-align: top;">
            <div style="line-height: 1.25;">Name: Doron Arazi<br>
              Title: Chief Executive Officer</div>
          </td>
        </tr>

    </table>
    <div style="line-height: 1.25;"><br style="line-height: 1.25;">
    </div>
    <div style="line-height: 1.25; text-align: center;">2<br style="line-height: 1.25;">
    </div>
    <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
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    </div>
    <div style="line-height: 1.25;"><br style="line-height: 1.25;">
    </div>
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        <tr>
          <td style="width: 12.89%; vertical-align: top;">
            <div style="line-height: 1.25;"><font style="line-height: 1.25;">&#160;</font></div>
            <div style="line-height: 1.25;"><u>Exhibit</u></div>
          </td>
          <td style="width: 87.11%; vertical-align: top;">
            <div style="line-height: 1.25;"><font style="line-height: 1.25;">&#160;</font></div>
            <div style="line-height: 1.25;"><u>Description</u></div>
          </td>
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        <tr>
          <td style="width: 12.89%; vertical-align: top;">
            <div style="line-height: 1.25;"><a href="exhibit_a.htm">Exhibit A &#8211;</a></div>
          </td>
          <td style="width: 87.11%; vertical-align: top;">
            <div style="line-height: 1.25;"><a href="exhibit_a.htm">PROXY STATEMENT</a></div>
          </td>
        </tr>

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    <div style="line-height: 1.25;">
      <div><br>
      </div>
      <div style="text-align: center;">3<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>
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</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99
<SEQUENCE>2
<FILENAME>exhibit_a.htm
<DESCRIPTION>EXHIBIT A
<TEXT>
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    <title></title>
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<body bgcolor="#ffffff" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; text-align: left; color: #000000;">
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    <div style="text-align: center; line-height: 1.25;"><u> </u>
      <hr align="center" style="border: none; border-bottom: 1px solid black; border-top: 4px solid black; height: 10px; color: #ffffff; background-color: #ffffff; margin-left: auto; margin-right: auto;"></div>
    <div style="text-align: right; line-height: 1.25; font-family: 'Times New Roman',Times,serif;"><u><font style="font-weight: bold;"> Exhibit A</font><br>
      </u></div>
    <u> <br>
    </u>
    <div style="text-align: center; line-height: 1.25;"><u> <br>
      </u></div>
    <div style="text-align: center; line-height: 1.25;"><u>CERAGON NETWORKS LTD.</u></div>
    <div style="line-height: 1.25">&#160;</div>
    <div style="text-align: center; line-height: 1.25; font-weight: bold;">___________________________________________</div>
    <div style="line-height: 1.25">&#160;</div>
    <div style="text-align: center; line-height: 1.25; font-weight: bold;">NOTICE OF AN EXTRAORDINARY GENERAL MEETING OF SHAREHOLDERS</div>
    <div style="text-align: center; line-height: 1.25; font-weight: bold;">___________________________________________</div>
    <div style="line-height: 1.25">&#160;</div>
    <div style="text-align: center; line-height: 1.25; font-weight: bold;">TO BE HELD ON AUGUST 23, 2022</div>
    <div style="line-height: 1.25">&#160;</div>
    <div style="text-align: justify; line-height: 1.25;">Notice is hereby given that an Extraordinary General
        Meeting of Shareholders (the &#8220;<font style="font-weight: bold;">Meeting</font>&#8221;) of Ceragon Networks
        Ltd. (the &#8220;<font style="font-weight: bold;">Company</font>&#8221;) will be held on August 23, 2022 at 4:00
        PM (Israel time), at the offices of the Company, Nitzba City, Plot 300, Uri Ariav Street, Bldg. A, 7<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">th</sup> floor, Rosh Ha&#8217;ayin, Israel, at the request of Aviat Networks, Inc., a shareholder and a competitor of the Company (&#8220;<font style="font-weight: bold;">Aviat</font>&#8221;), for the purpose of presenting and voting on the following proposals that were proposed by Aviat:</div>
    <div style="line-height: 1.25">&#160;</div>
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        <tr>
          <td style="width: 21.3pt; vertical-align: top; align: right;">1.</td>
          <td style="width: auto; vertical-align: top; text-align: justify;">
            <div>to remove from office each of the following directors currently serving on the Company&#8217;s Board of Directors (the &#8220;<font style="font-weight: bold;">Board</font>&#8221;), effective immediately: Ms. Yael Langer, Mr. Ira Palti, and Mr. David Ripstein and to also remove from office any and all new directors appointed to the Board following the conclusion
              of the Company&#8217;s 2021 Annual General Meeting of Shareholders (the &#8220;<font style="font-weight: bold;">2021 AGM</font>&#8221;); and</div>
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    <div style="line-height: 1.25">&#160;</div>
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        <tr>
          <td style="width: 21.3pt; vertical-align: top; align: right;">2.</td>
          <td style="width: auto; vertical-align: top; text-align: justify;">
            <div>only to the extent that Ms. Langer, Mr. Palti, and Mr. Ripstein are all removed from the Board, to elect up to three new directors to the Board in order to fill the new vacancies created by the approval of the first proposal above,
              from the following five candidates that were proposed by Aviat: Ms. Michelle Clayman, Mr. Paul S. Delson, Mr. Jonathan F. Foster, Mr. Dennis Sadlowski and Mr. Craig Weinstock.</div>
          </td>
        </tr>

    </table>
    <div style="line-height: 1.25">&#160;</div>
    <div style="line-height: 1.25;">
      <div style="text-align: justify; line-height: 1.25; font-weight: bold;">AFTER CAREFUL EVALUATION AND CONSIDERATION OF AVIAT&#8217;S REQUEST, THE BOARD HAS CONCLUDED THAT THE ABOVE PROPOSALS ARE
        NOT IN THE BEST INTERESTS OF THE COMPANY AND OUR SHAREHOLDERS &#8211; OTHER THAN AVIAT &#8211; AND RECOMMENDS THAT YOU VOTE AGAINST ALL SUCH PROPOSALS, FOR THE REASONS DETAILED IN THE PROXY STATAMENT.</div>
    </div>
    <div style="line-height: 1.25">&#160;</div>
    <div style="text-align: justify; line-height: 1.25;">Only shareholders of record at the close of business on July
      19, 2022, the record date for determining those shareholders eligible to vote at the Meeting, are entitled to receive notice of, and to vote at, the Meeting (including any
        postponements or adjournments thereof).</div>
    <div style="line-height: 1.25">&#160;</div>
    <div style="text-align: justify; line-height: 1.25;">Whether or not you plan to attend the Meeting, you are urged to promptly complete, date and sign the enclosed white proxy card and to
      mail it in the enclosed envelope, which requires no postage if mailed in the United States, at your earliest convenience and in any event no later than 4:00 PM (Israel time) on August 22, 2022.&#160; Execution of your proxy will not deprive you of your
      right to attend the Meeting and vote in person, and you will have the right to revoke your proxy any time before it is exercised by following the procedures set forth in the Proxy Statement enclosed herein.</div>
    <div style="line-height: 1.25">&#160; <br>
    </div>
    <div style="text-align: justify; line-height: 1.25;">We intend to hold the Meeting in person and all shareholders are cordially invited to attend the Meeting in person. However, depending
      on developments with respect to the COVID-19 pandemic, we might hold the Meeting virtually on the above date and time instead of in person, and attendance in person may otherwise be subject to certain restrictions to the extent imposed by the Israeli
      Ministry of Health. If we determine that a change to a virtual meeting format is advisable or required, an announcement of such change will be furnished with the Securities and Exchange Commission on a Report on Form 6-K as promptly as practicable.
      Joint holders of shares should note that, pursuant to Article 69(b) of the Articles of Association of the Company (the &#8220;<font style="font-weight: bold;">Articles</font>&#8221;), a notice may be
      given by the Company to the joint holders of a share by giving notice to the first of the joint holders named in the Register of Shareholders with respect to the shares, and any notice so given shall be sufficient notice to the other joint holders of
      such share(s).</div>
    <div style="line-height: 1.25">&#160;</div>
    <div style="text-align: justify; line-height: 1.25;">Joint holders of shares should also note that, pursuant to Article 32(d) of the Articles, the vote of the first of the joint holders
      named in the Register of Shareholders with respect to the share(s) will be accepted to the exclusion of the vote(s) of the other joint holder(s).</div>
    <div style="line-height: 1.25">&#160; <br>
    </div>
    <div style="text-align: justify; line-height: 1.25;">If you have any questions or require any assistance&#160;with voting your shares, please contact&#160; the Company&#8217;s proxy solicitor, Morrow
      Sodali LLC at&#160;800-662-5200&#160;(toll-free in North America) or +1&#160;203-658-9400 or email at CRNT@info.morrowsodali.com</div>
    <div style="line-height: 1.25">&#160;<br>
      <div>
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            <tr>
              <td style="width: 30%;">
                <div>&#160;</div>
              </td>
              <td style="width: 70%;">
                <div>
                  <div style="text-align: center; line-height: 1.25; font-family: 'Times New Roman',Times,serif;">By Order of the Board of Directors,</div>
                  <div style="text-align: center; text-indent: 36pt; margin-left: 252pt; line-height: 1.25;"> <br>
                  </div>
                  <div style="text-align: center; line-height: 1.25; font-family: 'Times New Roman',Times,serif;">Zohar Zisapel</div>
                  <div style="line-height: 1.25; text-align: center;">&#160;</div>
                  <div style="text-align: center; line-height: 1.25; font-family: 'Times New Roman',Times,serif;">Chairman of the Board of Directors</div>
                  <div style="line-height: 1.25; text-align: center;">&#160;</div>
                  <div style="text-align: center; line-height: 1.25; font-family: 'Times New Roman',Times,serif;">July 18, 2022</div>
                </div>
              </td>
            </tr>

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      </div>
      <br>
    </div>
    <div><br>
    </div>
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    </div>
    <br>
    <div style="line-height: 1.25">&#160;</div>
    <div style="text-align: center; line-height: 1.25; font-weight: bold;">CERAGON NETWORKS LTD.</div>
    <div style="line-height: 1.25">&#160;</div>
    <div style="text-align: center; line-height: 1.25;">Nitzba City, Plot 300, Uri Ariav Street, Bldg. A, 7<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">th</sup> floor, Rosh Ha&#8217;ayin, Israel</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;">_______________________</div>
    <div style="line-height: 1.25">&#160;</div>
    <div style="text-align: center; line-height: 1.25; font-weight: bold;">PROXY STATEMENT</div>
    <div style="text-align: center; line-height: 1.25;">_______________________</div>
    <div style="line-height: 1.25">&#160;</div>
    <div style="text-align: center; line-height: 1.25; font-weight: bold;">EXTRAORDINARY GENERAL MEETING OF SHAREHOLDERS</div>
    <div style="line-height: 1.25">&#160;</div>
    <div style="text-align: justify; line-height: 1.25;">This Proxy Statement is furnished to the holders of Ordinary Shares, NIS 0.01 nominal value (the &#8220;<font style="font-weight: bold;">Ordinary Shares</font>&#8221; or &#8220;<font style="font-weight: bold;">Shares</font>&#8221;), of Ceragon Networks Ltd. (&#8220;<font style="font-weight: bold;">we</font>,&#8221; &#8220;<font style="font-weight: bold;">Ceragon</font>&#8221; or the &#8220;<font style="font-weight: bold;">Company</font>&#8221;) at the request of a shareholder and a competitor of the Company, Aviat Networks, Inc. (&#8220;<font style="font-weight: bold;">Aviat</font>&#8221;), in connection with the solicitation by the Board of Directors of the Company (the &#8220;<font style="font-weight: bold;">Board</font>&#8221;) of proxies
      for use at the Company&#8217;s Extraordinary General Meeting of Shareholders (the &#8220;<font style="font-weight: bold;">Meeting</font>&#8221;), or at any postponements or adjournments thereof.</div>
    <div style="line-height: 1.25">&#160;</div>
    <div style="text-align: justify; line-height: 1.25;">The Meeting will be held on August 23, 2022, at 4:00 PM (Israel time) at the offices of the Company, Nitzba City, Plot 300, Uri Ariav
      Street, Bldg. A, 7<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">th</sup> floor, Rosh Ha&#8217;ayin, Israel.</div>
    <div style="line-height: 1.25">&#160;</div>
    <div style="text-align: center; line-height: 1.25; font-weight: bold;">PURPOSE OF THE EXTRAORDINARY GENERAL MEETING</div>
    <div style="line-height: 1.25">&#160;</div>
    <div style="text-align: justify; line-height: 1.25;">At the request of Aviat, the meeting is being convened in order to present and vote on the following proposals that were proposed by
      Aviat:</div>
    <div style="line-height: 1.25">&#160;</div>
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          <td style="width: 21.3pt; vertical-align: top; align: right;">1.</td>
          <td style="width: auto; vertical-align: top; text-align: justify;">
            <div><font style="font-weight: bold;">Proposal One</font>: to remove from office each of the following three
              directors currently serving on the Company&#8217;s Board, effective immediately: Ms. Yael Langer, Mr. Ira Palti, and Mr. David Ripstein, and to also remove from office any and all new directors appointed to the Board following the conclusion of the
              Ceragon 2021 Annual General Meeting of Shareholders (the &#8220;<font style="font-weight: bold;">2021 AGM</font>&#8221;), it being clarified that each such removal shall be voted upon
              separately at the Meeting ; and</div>
          </td>
        </tr>

    </table>
    <div style="line-height: 1.25">&#160;</div>
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        <tr>
          <td style="width: 21.3pt; vertical-align: top; align: right;">2.</td>
          <td style="width: auto; vertical-align: top; text-align: justify;">
            <div><font style="font-weight: bold;">Proposal Two</font>: only if Proposal One is approved and all directors
              requested to be removed are removed from the Board, to elect up to three new directors to the Board in order to fill the new vacancies created by the approval by the Shareholders of Proposal One, from the following five candidates that were
              proposed by Aviat: Ms. Michelle Clayman, Mr. Paul S. Delson, Mr. Jonathan F. Foster, Mr. Dennis Sadlowski and Mr. Craig Weinstock. The election of each of the five new directors shall be voted upon separately at the Meeting.</div>
          </td>
        </tr>

    </table>
    <div style="line-height: 1.25">&#160;</div>
    <div style="text-align: justify; margin-left: 21.3pt; line-height: 1.25;">With respect to Proposal Two, it is
        hereby clarified that in accordance with the Articles of Association of the Company (the &#8220;<font style="font-weight: bold;">Articles</font>&#8221;), directors may only be elected at an extraordinary general meeting in the event that there are vacancies on the Board
      as determined in Article 41 of our Articles and the number of directors on the Board is less than five. Accordingly, in compliance with our Articles, Proposal Two shall be
        presented and voted upon at the Meeting only in the event that all directors proposed by Aviat to be removed are indeed removed from our Board.</div>
    <div style="line-height: 1.25">&#160;</div>
    <div style="text-align: justify; margin-left: 21.3pt; line-height: 1.25;">Aviat&#8217;s proposal to elect five
        nominees to our Board conflicts with&#160;our Articles pursuant to which directors may only be elected to the Board in an extraordinary general meeting in order
      to fill vacancies and in case the number of directors is less than the minimum provided for in Article 38. Therefore, if our shareholders vote to remove three of our
        directors, as proposed by Aviat, <font style="font-weight: bold;">only up to three new directors may be elected to fill such vacancies</font>. In the event that more than three of director nominees nominated by Aviat will receive the affirmative vote of
        holders of a majority of the shares voting on each such nominee, the three nominees who receive the affirmative vote of holders of a majority of the shares voting on each such nominee and <font style="font-weight: bold;">the highest number of affirmative votes in favor of their election will be elected</font> to serve as directors of the Company.</div>
    <div style="line-height: 1.25">&#160;</div>
    <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" id="DSPFPageBreakArea">
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    <div style="line-height: 1.25">&#160;</div>
    <div style="text-align: justify; margin-left: 21.3pt; line-height: 1.25;">Ceragon and its shareholders must abide by the Articles, which were overwhelmingly approved in 2016 by our
      shareholders, and the Company will circumvent the Articles should it inappropriately add directors at an extraordinary general meeting, at a request of a shareholder.</div>
    <div style="line-height: 1.25">&#160;</div>
    <div style="text-align: justify; margin-left: 21.3pt; line-height: 1.25;">As of June 28, 2022 Aviat was the owner of 4,288,757 of the Company&#8217;s Ordinary Shares, representing approximately
      5.1% of our outstanding shares; in accordance with the Israeli Companies Law, 5759-1999 (the &#8220;<font style="font-weight: bold;">Companies Law</font>&#8221;) any one or more shareholder holding
      at least 5% of the Company&#8217;s outstanding shares or voting rights has the right to demand the Company to convene an extraordinary general meeting of shareholders.</div>
    <div style="line-height: 1.25">&#160;</div>
    <div style="text-align: justify; margin-left: 21.3pt; line-height: 1.25;">Aviat has demanded from the Company to convene the Meeting, for the purpose of presenting and voting on the
      following resolutions:</div>
    <div style="line-height: 1.25">&#160;</div>
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        <tr>
          <td style="width: 21.3pt; vertical-align: top; align: right;">1.</td>
          <td style="width: auto; vertical-align: top; text-align: justify;">
            <div>Proposal One:</div>
          </td>
        </tr>

    </table>
    <div style="line-height: 1.25">&#160;</div>
    <div style="text-align: justify; margin-left: 21.3pt; line-height: 1.25;">&#8220;<font style="font-style: italic;">Resolved that:
        Ms. Yael Langer be, and she hereby is, removed from the Board, effective immediately;</font></div>
    <div style="line-height: 1.25">&#160;</div>
    <div style="text-align: justify; margin-left: 21.3pt; line-height: 1.25; font-style: italic;">Resolved further that: Mr. Ira Palti be, and he hereby is, removed from the Board,
        effective immediately;</div>
    <div style="line-height: 1.25">&#160;</div>
    <div style="text-align: justify; margin-left: 21.3pt; line-height: 1.25; font-style: italic;">Resolved further
        that: Mr. David Ripstein be, and he hereby is, removed from the Board, effective immediately; and</div>
    <div style="line-height: 1.25">&#160;</div>
    <div style="text-align: justify; margin-left: 21.3pt; line-height: 1.25;"><font style="font-style: italic;">Resolved further
        that: any and all new directors appointed to the Board following the conclusion of the Ceragon 2021 Annual General Meeting of Shareholders be, and they hereby are, removed from the Board, effective immediately</font>.&#8221;</div>
    <div style="line-height: 1.25">&#160;</div>
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        <tr>
          <td style="width: 21.3pt; vertical-align: top; align: right;">2.</td>
          <td style="width: auto; vertical-align: top; text-align: justify;">
            <div>Proposal Two:</div>
          </td>
        </tr>

    </table>
    <div style="line-height: 1.25">&#160;</div>
    <div style="text-align: justify; margin-left: 21.3pt; line-height: 1.25;">&#8220;<font style="font-style: italic;">Resolved that: Ms. Michelle Clayman be, and she hereby is, elected to the Board, effective immediately, for a term ending on the date of the Annual General Meeting that will be held
        in 2024; and</font></div>
    <div style="line-height: 1.25">&#160;</div>
    <div style="text-align: justify; margin-left: 21.3pt; line-height: 1.25; font-style: italic;">Resolved further that: Mr. Paul S. Delson be, and he hereby is, elected to the Board,
        effective immediately, for a term ending on the date of the Annual General Meeting that will be held in 2024; and</div>
    <div style="line-height: 1.25">&#160;</div>
    <div style="text-align: justify; margin-left: 21.3pt; line-height: 1.25; font-style: italic;">Resolved further that: Mr. Jonathan F. Foster be, and he hereby is, elected to the Board,
        effective immediately, for a term ending on the date of the Annual General Meeting that will be held in 2024; and</div>
    <div style="line-height: 1.25">&#160;</div>
    <div style="text-align: justify; margin-left: 21.3pt; line-height: 1.25; font-style: italic;">Resolved further that: Mr. Dennis Sadlowski be, and he hereby is, elected to the Board,
        effective immediately, for a term ending on the date of the Annual General Meeting that will be held in 2024; and</div>
    <div style="line-height: 1.25">&#160;</div>
    <div style="text-align: justify; margin-left: 21.3pt; line-height: 1.25;"><font style="font-style: italic;">Resolved further
        that: Mr. Craig Weinstock be, and he hereby is, elected to the Board, effective immediately, for a term ending on the date of the Annual General Meeting that will be held in 2024.</font>&#8221;</div>
    <div style="line-height: 1.25">&#160;</div>
    <div style="text-align: justify; margin-left: 21.3pt; line-height: 1.25;">As noted above, Proposal Two
      shall be presented and voted upon at the Meeting only if Proposal One is approved by our shareholders at the Meeting and all directors proposed by Aviat to be removed are indeed removed; In the event that Proposal One is not approved and our
      shareholders do not approve the removal of all three of the directors proposed by Aviat to be removed, this Proposal Two shall not be presented and shall not be voted upon
        at the Meeting and any votes casted with respect thereto shall be disregarded.</div>
    <div style="text-align: justify; margin-left: 21.3pt; line-height: 1.25;"> <br>
      </div>
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      <div style="text-align: center;" id="DSPFPageNumberArea"><font style="font-weight: normal; font-style: normal;" id="DSPFPageNumber">- 2 -</font></div>
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        <hr noshade="noshade" style="border-width: 0px; clear: both; margin: 4px 0px; width: 100%; height: 2px; color: #000000; background-color: #000000;"></div>
    </div>
    <div style="line-height: 1.25">&#160;</div>
    <div style="text-align: justify; margin-left: 21.3pt; line-height: 1.25;">In the event that more than three
        director nominees proposed under Proposal Two receive the affirmative vote of holders of a majority of the shares voting on each such nominee, the three nominees who receive the highest number of affirmative votes in favor of their election
      will be elected to serve as directors of the Company.</div>
    <div style="line-height: 1.25">&#160;</div>
    <div style="text-align: justify; margin-left: 21.3pt; line-height: 1.25;">Each of the removal requests referred to under Proposal One and the election of each of the five new directors
      proposed by Aviat under Proposal Two shall be voted upon separately at the Meeting.</div>
    <div style="line-height: 1.25">&#160;</div>
    <div style="text-align: justify; line-height: 1.25; font-weight: bold;">AFTER CAREFUL EVALUATION AND CONSIDERATION OF AVIAT&#8217;S REQUEST, THE BOARD HAS CONCLUDED THAT THE ABOVE PROPOSALS ARE
      NOT IN THE BEST INTERESTS OF THE COMPANY AND OUR SHAREHOLDERS &#8211; OTHER THAN AVIAT &#8211; AND RECOMMENDS THAT YOU VOTE AGAINST ALL SUCH PROPOSALS.</div>
    <div style="line-height: 1.25">&#160;</div>
    <div style="text-align: justify; line-height: 1.25;">We intend to hold the Meeting in person and all
        shareholders are cordially invited to attend the Meeting in person. However, depending on developments with respect to the COVID-19 pandemic, we might hold the Meeting virtually on the above date and time instead of in person, and attendance
      in person may otherwise be subject to certain restrictions to the extent imposed by the Israeli Ministry of Health. If we determine that a change to a virtual meeting format is advisable or required, an announcement of such change will be furnished
      with the Securities and Exchange Commission (the &#8220;SEC&#8221;) on a Report on Form 6-K as promptly as practicable.</div>
    <div style="line-height: 1.25">&#160;</div>
    <div style="text-align: center; line-height: 1.25; font-weight: bold;">RECORD DATE AND VOTING RIGHTS</div>
    <div style="line-height: 1.25">&#160;</div>
    <div style="text-align: justify; line-height: 1.25;">Only holders of record of Ordinary Shares at the close of business on July 19, 2022, the record date for determining those shareholders
      eligible to vote at the Meeting, will be entitled to notice of and to vote at the Meeting (including any adjournments or postponements thereof). Each Ordinary Share issued and outstanding at such time will be entitled to one vote upon each of the
      matters to be presented at the Meeting.</div>
    <div style="line-height: 1.25">&#160;</div>
    <div style="text-align: center; line-height: 1.25; font-weight: bold;">PROXY PROCEDURE</div>
    <div style="line-height: 1.25">&#160;</div>
    <div style="text-align: justify; line-height: 1.25;">A form of proxy for use at the Meeting and a return envelope for the proxy are enclosed.</div>
    <div style="line-height: 1.25">&#160;</div>
    <div style="text-align: justify; line-height: 1.25;">With respect to the resolutions requested to be approved by
        Aviat, a shareholder may vote in favor of such resolutions or against them or may abstain from voting on the resolutions. Shareholders should specify their votes on the accompanying white proxy card. We are not aware of any other matters to be
        presented at the Meeting. If any other matters are presented at the Meeting, the persons named in the attached form of proxy shall vote all shares represented by all executed proxies in their best judgment. If no direction is indicated with
      respect to one or more of the resolutions on the proxy, the proxy will be voted &#8220;AGAINST&#8221; each such resolution. On all matters considered at the Meeting, abstentions and broker non-votes will be treated as neither a vote &#8220;FOR&#8221; nor &#8220;AGAINST&#8221; the
      matter, but they will be counted in determining if a quorum is present. Broker non-votes are votes that brokers holding shares of record for their clients are, pursuant to applicable stock exchange or other rules, precluded from casting in respect of
      certain non-routine proposals because such brokers have not received specific instructions from their clients as to the manner in which such shares should be voted on those proposals and as to which the brokers have advised the Company that,
      accordingly, they lack voting authority.</div>
    <div style="line-height: 1.25">&#160;</div>
    <div style="text-align: justify; line-height: 1.25;">Shareholders may revoke the authority granted by their execution of proxies at any time before the effective exercise thereof by: (i)
      filing with the Company a written notice of revocation or duly executed proxy bearing a later date (but not less than twenty-four (24) hours prior to the time fixed for the Meeting); or (ii) voting in person at the Meeting.&#160; However, if a shareholder
      attends the Meeting and does not elect to vote in person, his or her proxy will not be revoked. If a proxy is properly executed and received not less than twenty-four (24) hours prior to the time fixed for the Meeting, Ordinary Shares represented by
      such proxy will be voted in the manner described above.</div>
    <div style="text-align: justify; line-height: 1.25;"> <br>
    </div>
    <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" id="DSPFPageBreakArea">
      <div style="text-align: center;" id="DSPFPageNumberArea"><font style="font-weight: normal; font-style: normal;" id="DSPFPageNumber">- 3 -</font></div>
      <div style="page-break-after: always;" id="DSPFPageBreak">
        <hr noshade="noshade" style="border-width: 0px; clear: both; margin: 4px 0px; width: 100%; height: 2px; color: #000000; background-color: #000000;"></div>
    </div>
    <div style="line-height: 1.25">&#160;</div>
    <div style="text-align: justify; line-height: 1.25;">Proxies for use at the Meeting are being solicited by the Board. The Company will bear the cost for the solicitation of the proxies,
      including postage, printing and handling, and will reimburse the reasonable expenses of brokerage firms and others for forwarding material to beneficial owners of Ordinary Shares. The Company has retained Morrow Sodali to act as the Company&#8217;s
      solicitation agent and to assist with the solicitation of proxies for a fee not to exceed $200,000 plus reimbursable expenses. In addition to solicitation by mail, the solicitation agent and certain of the Company&#8217;s officers, directors, employees,
      consultants and agents may solicit proxies by telephone, electronic mail or other personal contact. Other than as set forth above with respect to the solicitation agent, none of the aforementioned officers, directors, employees, consultants or agents
      of the Company will receive additional compensation for such solicitation.</div>
    <div style="line-height: 1.25">&#160;</div>
    <div style="text-align: justify; line-height: 1.25;">Should changes be made to any item on the agenda for the Meeting after the publication of this Proxy Statement, we will communicate the
      changes to our shareholders through the publication of a press release, a copy of which will be furnished with the Securities and Exchange Commission (the &#8220;<font style="font-weight: bold;">SEC</font>&#8221;) on a Report on Form 6-K.</div>
    <div style="line-height: 1.25">&#160;</div>
    <div style="text-align: center; line-height: 1.25; font-weight: bold;">QUORUM</div>
    <div style="line-height: 1.25">&#160;</div>
    <div style="text-align: justify; line-height: 1.25;">Two or more shareholders, present in person or by proxy, entitled to vote and holding together Ordinary Shares conferring in the
      aggregate twenty-five percent (25%) or more of the voting power of the Company, shall constitute a quorum at the Meeting. If within an hour from the time appointed for the Meeting a quorum is not present, the Meeting will be rescheduled for the
      following week and accordingly, will stand adjourned until September 8, 2022, at the same time and place. At such adjourned Meeting, any two (2) shareholders present in person or by proxy, shall constitute a quorum.</div>
    <div style="line-height: 1.25">&#160;</div>
    <div style="text-align: center; line-height: 1.25; font-weight: bold;">BENEFICIAL OWNERSHIP OF SECURITIES BY PRINCIPAL</div>
    <div style="line-height: 1.25">&#160;</div>
    <div style="text-align: center; line-height: 1.25; font-weight: bold;">SHAREHOLDERS AND MANAGEMENT</div>
    <div style="line-height: 1.25">&#160;</div>
    <div style="text-align: justify; line-height: 1.25;">The following table sets forth certain information, as of July 17, 2022, regarding: (i) all persons or entities known to the Company to
      beneficially own more than 5% of the Company&#8217;s Ordinary Shares; (ii) each &#8220;office holder&#8221;<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">1</sup>, as such term is defined in the Companies Law, of the Company (the &#8220;<font style="font-weight: bold;">Office Holders</font>&#8221;) known to the Company to beneficially own more than 1% of the Company&#8217;s Ordinary Shares; and (iii) all Office Holders as a group.</div>
    <div style="line-height: 1.25">&#160;</div>
    <div style="text-align: justify; line-height: 1.25;">The information contained herein has been obtained from the Company&#8217;s records or from information furnished by the individual or entity
      to the Company or disclosed in public filings with the SEC. Except where otherwise indicated, and except pursuant to community property laws, we believe, based on information furnished by such owners, that the beneficial owners of the Ordinary Shares
      listed below have sole investment and voting power with respect to such Ordinary Shares.<br>
      <br>
      <hr noshade="noshade" align="left" style="text-align: left; background-color: #000000; border: 0px; height: 1px; width: 2in; margin-left: 0pt; margin-right: auto; color: #000000;">
      <div style="line-height: 1.25">&#160;</div>
      <table cellspacing="0" cellpadding="0" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

          <tr>
            <td style="width: -30.6pt;"><br>
            </td>
            <td style="width: 28.35pt; vertical-align: top; align: right;"><sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">1</sup></td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div>The term &#8220;Office Holder&#8221; as defined in the Companies Law includes a director, the chief
                  executive officer, the chief business officer, the vice chief executive officer, the deputy chief executive officer, any other person fulfilling or assuming any of the foregoing positions without regard to such person's title, and any
                  manager who is directly subordinated to the chief executive officer.</div>
            </td>
          </tr>

      </table>
      <div style="line-height: 1.25">&#160;</div>
    </div>
    <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" id="DSPFPageBreakArea">
      <div style="text-align: center;" id="DSPFPageNumberArea"><font style="font-weight: normal; font-style: normal;" id="DSPFPageNumber">- 4 -</font></div>
      <div style="page-break-after: always;" id="DSPFPageBreak">
        <hr noshade="noshade" style="border-width: 0px; clear: both; margin: 4px 0px; width: 100%; height: 2px; color: #000000; background-color: #000000;"></div>
    </div>
    <div style="line-height: 1.25">&#160;</div>
    <div style="text-align: justify; line-height: 1.25;">The shareholders listed below do not have any different voting rights from any of our other shareholders.</div>
    <div style="line-height: 1.25">&#160;</div>
    <div style="text-align: justify; line-height: 1.25;">The &#8220;Number of Ordinary Shares Beneficially Owned&#8221; in the table below includes Ordinary Shares that may be acquired upon the exercise of
      options that are either currently exercisable or will become exercisable within sixty (60) days as of July 17, 2022. The Ordinary Shares that may be issued under these options are deemed to be outstanding for the purpose of determining the percentage
      owned by the person or group holding the options but are not deemed to be outstanding for the purpose of determining the percentage of ownership of any other person or group shown in the table.</div>
    <div style="line-height: 1.25">&#160;</div>
    <table cellspacing="0" cellpadding="0" border="0" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; text-align: left; color: #000000; width: 100%;" id="z13c1e3cbaaf04bf68a88440d40fa6325" class="cfttable">

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          <td style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); text-align: center; width: 64%;">
            <div style="line-height: 1.25; font-family: 'Times New Roman',Times,serif;">Name of Beneficial Owner</div>
          </td>
          <td valign="bottom" style="vertical-align: bottom; padding-bottom: 2px; width: 1%;" colspan="1" class="cftguttercell">&#160;</td>
          <td style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); text-align: center;" colspan="2">
            <div style="line-height: 1.25; font-family: 'Times New Roman',Times,serif;">Number of Ordinary Shares Beneficially Owned</div>
          </td>
          <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; padding-bottom: 2px; width: 1%;" colspan="1" class="cftfncell">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; padding-bottom: 2px; width: 1%;" colspan="1" class="cftguttercell">&#160;</td>
          <td style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); text-align: center;" colspan="2">
            <div style="line-height: 1.25; font-family: 'Times New Roman',Times,serif;">Percentage of Ordinary Shares Beneficially Owned <sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">(1)</sup></div>
          </td>
          <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; padding-bottom: 2px; width: 1%;" colspan="1" class="cftfncell">&#160;</td>
        </tr>
        <tr>
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            <div style="line-height: 1.25;">Joseph D. Samberg <sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">(2)</sup></div>
          </td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1" class="cftguttercell">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1" class="cftcurrcell">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 15%; background-color: rgb(204, 238, 255);" colspan="1" class="cftnumcell">
            <div style="line-height: 1.25;">8,280,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1" class="cftfncell">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1" class="cftguttercell">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1" class="cftcurrcell">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 15%; background-color: rgb(204, 238, 255);" colspan="1" class="cftnumcell">
            <div style="line-height: 1.25;">9.85</div>
          </td>
          <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1" class="cftfncell">
            <div style="line-height: 1.25;">%</div>
          </td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: top; width: 64%;">
            <div style="line-height: 1.25;">Zohar Zisapel<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;"> (3)</sup></div>
          </td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1" class="cftguttercell">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1" class="cftcurrcell">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 15%;" colspan="1" class="cftnumcell">
            <div style="line-height: 1.25;">7,117,174</div>
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          <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%;" colspan="1" class="cftfncell">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1" class="cftguttercell">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1" class="cftcurrcell">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 15%;" colspan="1" class="cftnumcell">
            <div style="line-height: 1.25;">8.47</div>
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          <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%;" colspan="1" class="cftfncell">
            <div style="line-height: 1.25;">%</div>
          </td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: top; width: 64%; background-color: rgb(204, 238, 255);">
            <div style="line-height: 1.25;">Aviat Networks, Inc.<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">(4)</sup></div>
          </td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1" class="cftguttercell">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1" class="cftcurrcell">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 15%; background-color: rgb(204, 238, 255);" colspan="1" class="cftnumcell">
            <div style="line-height: 1.25;">4,288,757</div>
          </td>
          <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1" class="cftfncell">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1" class="cftguttercell">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1" class="cftcurrcell">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 15%; background-color: rgb(204, 238, 255);" colspan="1" class="cftnumcell">
            <div style="line-height: 1.25;">5.10</div>
          </td>
          <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1" class="cftfncell">
            <div style="line-height: 1.25;">%</div>
          </td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: top; width: 64%;">
            <div style="line-height: 1.25;">All Office Holders, including directors (as well as Mr. Zisapel), as a group (consists of 19 persons)</div>
          </td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1" class="cftguttercell">&#160;</td>
          <td valign="bottom" style="vertical-align: top;" colspan="2">
            <div style="text-align: center; line-height: 1.25; font-family: 'Times New Roman',Times,serif;">8,426,571 (including Zohar&#8217;s shares)</div>
          </td>
          <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%;" colspan="1" class="cftfncell">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1" class="cftguttercell">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1" class="cftcurrcell">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 15%;" colspan="1" class="cftnumcell">
            <div style="line-height: 1.25;">10.03</div>
          </td>
          <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%;" colspan="1" class="cftfncell">
            <div style="line-height: 1.25;">%</div>
          </td>
        </tr>

    </table>
    <div style="line-height: 1.25">&#160;</div>
    <table cellspacing="0" cellpadding="0" id="z0821599effde4f40ad703cf8e3096318" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

        <tr>
          <td style="width: 8.04%; vertical-align: top;">
            <div style="text-align: justify; line-height: 1.25;">(1)</div>
          </td>
          <td style="width: 91.96%; vertical-align: top;">
            <div style="text-align: justify; line-height: 1.25;">Based on 84,032,943&#160;Ordinary Shares issued
              and outstanding as of July 17, 2022.</div>
            <div style="text-align: justify; line-height: 1.25;"> <br>
            </div>
          </td>
        </tr>
        <tr>
          <td style="width: 8.04%; vertical-align: top;">
            <div style="text-align: justify; line-height: 1.25;">(2)</div>
          </td>
          <td style="width: 91.96%; vertical-align: top;">
            <div style="text-align: justify; line-height: 1.25;">Joseph D. Samberg&#8217;s address is 1091 Boston Post Road, Rye, NY 10580.</div>
            <div style="text-align: justify; line-height: 1.25;"> <br>
            </div>
          </td>
        </tr>
        <tr>
          <td style="width: 8.04%; vertical-align: top;">
            <div style="text-align: justify; line-height: 1.25;">(3)</div>
          </td>
          <td style="width: 91.96%; vertical-align: top;">
            <div style="text-align: justify; line-height: 1.25;">Zohar Zisapel&#8217;s address is 24 Raoul Wallenberg St., Tel Aviv 69719, Israel. The Ordinary Shares held by Zohar Zisapel include
              (i) 3,594,986 Ordinary Shares held by Zohar Zisapel; (ii) 300,000 Ordinary Shares issuable upon the exercise of options granted to Mr. Zisapel exercisable as of February 28, 2021 or within 60 days thereafter; (iii) 1,101,245 Ordinary Shares
              are held of record by Lomsha Ltd., an Israeli company controlled by Mr. Zisapel; (iv) 18,717 Ordinary Shares are held by RAD Data Communications Ltd., an Israeli company of which Mr. Zisapel is a principal shareholder and a director. Mr.
              Zisapel and his brother, Mr. Yehuda Zisapel, and Ms. Nava Zisapel, have shared voting and dispositive power with respect to the Ordinary Shares held by RAD Data Communications Ltd.; and (v) 2,102,226 Ordinary Shares are held by Michael and
              Klil Holdings (93) Ltd., an Israeli company controlled by Mr. Zisapel. The number of Ordinary Shares beneficially held by Zohar Zisapel is based on a Schedule 13G/A filed by Mr. Zisapel with the SEC on February 16, 2021.</div>
            <div style="text-align: justify; line-height: 1.25;"> <br>
            </div>
          </td>
        </tr>
        <tr>
          <td style="width: 8.04%; vertical-align: top;">
            <div style="text-align: justify; line-height: 1.25;">(4)</div>
          </td>
          <td style="width: 91.96%; vertical-align: top;">
            <div style="text-align: justify; line-height: 1.25;">As reported on Schedule 13D filed by Aviat, Weinstock Legacy, LLC and Craig Weinstock (who is also one of Aviat&#8217;s proposed
              nominees for service on our Board under Proposal Two) with the SEC on July 13, 2022.</div>
          </td>
        </tr>

    </table>
    <div style="line-height: 1.25">&#160;</div>
    <div style="text-align: justify; line-height: 1.25;">For information relating to the compensation of our five most highly compensated Office Holders with respect to the year ended December
      31, 2021, please see &#8220;Item 6. <font style="font-style: italic;">Directors, Senior Management and Employees</font> &#8211; B. <font style="font-style: italic;">Compensation</font> - <font style="font-style: italic;">b) Individual Compensation of Office Holders</font>&#8221; in our Annual Report for 2021, which was
      filed on Form 20-F with the SEC on May 2, 2022.</div>
    <div style="line-height: 1.25">&#160;</div>
    <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" id="DSPFPageBreakArea">
      <div style="text-align: center;" id="DSPFPageNumberArea"><font style="font-weight: normal; font-style: normal;" id="DSPFPageNumber">- 5 -</font></div>
      <div style="page-break-after: always;" id="DSPFPageBreak">
        <hr noshade="noshade" style="border-width: 0px; clear: both; margin: 4px 0px; width: 100%; height: 2px; color: #000000; background-color: #000000;"></div>
    </div>
    <div style="line-height: 1.25">&#160;</div>
    <div style="text-align: center; line-height: 1.25; font-weight: bold;">PROPOSAL ONE</div>
    <div style="line-height: 1.25">&#160;</div>
    <div style="text-align: center; line-height: 1.25; font-weight: bold;">SHAREHOLDER PROPOSAL TO REMOVE THREE (3) SERVING DIRECTORS</div>
    <div style="line-height: 1.25">&#160;</div>
    <div style="text-align: justify; line-height: 1.25;">On June 28, 2022, Aviat, our competitor and the owner of more than 5% of our outstanding shares as of such date, sent us a letter titled
      &#8220;Request to Convene an Extraordinary General Meeting&#8221; (the &#8220;<font style="font-weight: bold;">Letter</font>&#8221;), requesting that we convene an extraordinary general meeting of shareholders
      for the purpose of presenting and voting on proposals made by Aviat to remove from office three of our directors: Ms. Yael Langer, Mr. Ira Palti and Mr. David Ripstein and
        to also remove from office any and all new directors appointed to the Board following the conclusion of the 2021 AGM (the &#8220;<font style="font-weight: bold;">Removal</font>&#160;<font style="font-weight: bold;">Request</font>&#8221;).</div>
    <div style="line-height: 1.25">&#160;</div>
    <div style="line-height: 1.25;">
      <div style="text-align: justify; line-height: 1.25;">In accordance with the Israeli Companies Law, any one or more shareholder holding at least 5% of the Company&#8217;s outstanding shares or
        voting rights has the right to demand the Company to convene an extraordinary general meeting of shareholders. In accordance with said right, Aviat has demanded the
          Company to convene the Meeting, for the purpose of, among others, presenting and voting on the following Proposals:</div>
      <div style="line-height: 1.25">&#160;</div>
      <div style="text-align: justify; line-height: 1.25;">&#8220;<font style="font-weight: bold; font-style: italic;">RESOLVED THAT</font><font style="font-style: italic;">: Ms. Yael Langer be, and
          she hereby is, removed from the Board, effective immediately;</font></div>
      <div style="line-height: 1.25">&#160;</div>
      <div style="text-align: justify; line-height: 1.25; font-style: italic;"><font style="font-weight: bold;">RESOLVED FURTHER THAT</font>: Mr. Ira Palti be, and he hereby is, removed from the Board, effective immediately;</div>
      <div style="line-height: 1.25">&#160;</div>
      <div style="text-align: justify; line-height: 1.25; font-style: italic;"><font style="font-weight: bold;">RESOLVED FURTHER THAT</font>: Mr. David Ripstein be, and he hereby is, removed from the Board, effective immediately; and</div>
      <div style="line-height: 1.25">&#160;</div>
      <div style="text-align: justify; line-height: 1.25; font-style: italic;"><font style="font-weight: bold;">RESOLVED FURTHER THAT</font>: any and all new directors appointed to the Board following the conclusion of the Ceragon 2021 Annual General Meeting of Shareholders
          be, and they hereby are, removed from the Board, effective immediately.&#8221;</div>
      <div style="line-height: 1.25">&#160;</div>
      <div style="text-align: justify; line-height: 1.25;">While the last resolution referring to the removal of all directors appointed to the Board following the 2021 AGM is not relevant as
        of the date of this Proxy Statement, as none were actually appointed following such meeting, the Board has carefully evaluated and considered the Removal Request, and concluded that the proposed removals of each of Ms. Yael Langer, Mr. Ira Palti
        and Mr. David Ripstein from service on our Board are <font style="font-weight: bold;">NOT</font> in the best interests of the Company and our shareholders. Therefore, our Board
        recommends that you vote <font style="font-weight: bold;">AGAINST</font> such removals, for the following reasons:&#160;</div>
      <div style="line-height: 1.25;"><br style="line-height: 1.25;">
      </div>
    </div>
    <table cellspacing="0" cellpadding="0" id="z634c3fcf03f84a68b1f94e95e430aef5" 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; font-weight: bold;">&#8226;</td>
          <td style="width: auto; vertical-align: top; text-align: justify;">
            <div>Aviat has launched an attack campaign of misstatements, mischaracterizations and hostile actions in an attempt to distract shareholders attention from its low-ball
              indication of interest to acquire Ceragon; Aviat indication of interest lacks financing commitment and other adequate deal protections, all of which suggest
              that no real offer has been made;</div>
          </td>
        </tr>

    </table>
    <div style="line-height: 1.25">&#160;</div>
    <table cellspacing="0" cellpadding="0" id="z6db22d5a34ec48bfb166d2980f9356b9" 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; font-weight: bold;">&#8226;</td>
          <td style="width: auto; vertical-align: top; text-align: justify;">
            <div>Aviat&#8217;s indication of interest substantially undervalues Ceragon and is an attempt to take all of the value upside that belongs to Ceragon shareholders;</div>
          </td>
        </tr>

    </table>
    <div style="line-height: 1.25">&#160;</div>
    <table cellspacing="0" cellpadding="0" id="zb36f13d9f7b743f8809e8e95e549d4c3" 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; font-weight: bold;">&#8226;</td>
          <td style="width: auto; vertical-align: top; text-align: justify;">
            <div>Aviat is attempting to take control of our Board to advance Aviat&#8217;s interests to the detriment of Ceragon shareholders; The Removal Request made by Aviat is attempting
              to disrupt our business, benefit Aviat in its self-serving agenda as a competitor of Ceragon and potentially destroy your long-term shareholder value;</div>
          </td>
        </tr>

    </table>
    <div style="line-height: 1.25">&#160;</div>
    <table cellspacing="0" cellpadding="0" id="z21da9dd6981448feb0f905b87e3d663c" 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; font-weight: bold;">&#8226;</td>
          <td style="width: auto; vertical-align: top; text-align: justify;">
            <div>Because our Board has refused to sell the Company for a low-ball value in a highly conditional transaction, Aviat has decided to try to call an extraordinary general
              meeting to take control of the Board, without presenting a real offer to acquire Ceragon;&#160;</div>
          </td>
        </tr>

    </table>
    <div style="line-height: 1.25">&#160;</div>
    <table cellspacing="0" cellpadding="0" id="zc88224c293104a8cb5727238f2d48d68" 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; font-weight: bold;">&#8226;</td>
          <td style="width: auto; vertical-align: top; text-align: justify;">
            <div>Moreover, if Aviat takes control of the Board, Aviat can reduce its price (again), execute a deal that allows Aviat to walk away if unable to secure financing or for
              any other reason, or destroy Ceragon from inside the boardroom;</div>
          </td>
        </tr>

    </table>
    <div style="line-height: 1.25">&#160;</div>
    <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" id="DSPFPageBreakArea">
      <div style="text-align: center;" id="DSPFPageNumberArea"><font style="font-weight: normal; font-style: normal;" id="DSPFPageNumber">- 6 -</font></div>
      <div style="page-break-after: always;" id="DSPFPageBreak">
        <hr noshade="noshade" style="border-width: 0px; clear: both; margin: 4px 0px; width: 100%; height: 2px; color: #000000; background-color: #000000;"></div>
    </div>
    <div style="line-height: 1.25"> <br>
    </div>
    <table cellspacing="0" cellpadding="0" id="z07b3872df0804717be0862391b105225" 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; font-weight: bold;">&#8226;</td>
          <td style="width: auto; vertical-align: top; text-align: justify;">
            <div>Ceragon&#8217;s Board includes leaders with substantial telecom and M&amp;A experience and track records of delivering shareholder value.&#160;Our Board is diverse and continues
              to refresh itself, including by adding three new independent directors at the 2021 AGM;</div>
          </td>
        </tr>

    </table>
    <div style="line-height: 1.25">&#160;</div>
    <table cellspacing="0" cellpadding="0" id="z5b602d86c9584d1e8966b22831ec6aeb" 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; font-weight: bold;">&#8226;</td>
          <td style="width: auto; vertical-align: top; text-align: justify;">
            <div>At the 2021 AGM, all of our current directors,&#160;including those that Aviat is&#160; now attempting to remove, were re-elected or elected, as applicable, to serve as Board members for a term ending on the date of the annual general
                meeting that will be held in 2024, following unanimous recommendations made by the Company&#8217;s Nomination Committee and Board. All members of our Board, including the three that are now proposed to be removed by Aviat, were elected by a vast majority of our shareholders participating in the 2021 AGM, after
                gaining the full support of a reputable international advisory agency to institutional shareholders, which recommended that shareholders vote for the election of such nominees;</div>
          </td>
        </tr>

    </table>
    <div style="line-height: 1.25">&#160;</div>
    <table cellspacing="0" cellpadding="0" id="zcba71c8ac7e943089439643e0dc38380" 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; font-weight: bold;">&#8226;</td>
          <td style="width: auto; vertical-align: top; text-align: justify;">
            <div>Each of the three directors that are requested to be removed by Aviat is highly qualified and experienced, and contributes to the Board&#8217;s strong leadership and
              expertise; Ms. Langer, Mr. Palti, and Mr. Ripstein have an average experience in the telecommunications industry of approximately 25 years, an average experience as directors of public companies of approximately 9 years, and are all committed
              to the highest standards of corporate governance:</div>
          </td>
        </tr>

    </table>
    <div style="line-height: 1.25">&#160;</div>
    <div style="line-height: 1.25;">
      <table cellspacing="0" cellpadding="0" id="z741c4862964c4decaf9ea4c446b11291" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

          <tr>
            <td style="width: 18pt;"><br>
            </td>
            <td style="width: 27pt; vertical-align: top; align: right;">o</td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div>Ms. Yael Langer &#8211; Ms. Langer has over 30 years of legal experience, including as General Counsel of RAD Data Communications. She served as a General Counsel at a
                litany of companies, including Ceragon, RADVision and RADLAN, and assisted these companies from their start up stage onwards, advising on numerous IPOs and M&amp;A transactions. She also served as a director of RADWARE Ltd., a company
                traded on Nasdaq, from July 2009 until December 2020, during which time such company has significantly increased its value. As a long serving director on our Board, Ms. Langer has a deep and profound knowledge and understanding of the
                Company and its business and operations, including the various challenges that the Company is facing and may face in the future. In the event that Aviat&#8217;s proposal to remove Ms. Langer from the Board is approved, the Board will lose a
                highly competent and experienced Board member, who is a source of profound knowledge relating to the Company and its field of business, which will not be in the best interest of the Company and its shareholders.</div>
            </td>
          </tr>

      </table>
    </div>
    <div style="line-height: 1.25;">
      <div style="line-height: 1.25">&#160;</div>
      <table cellspacing="0" cellpadding="0" id="z7034a02089b747d6a7dd00d7cfa3bdf2" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

          <tr>
            <td style="width: 18pt;"><br>
            </td>
            <td style="width: 27.35pt; vertical-align: top; align: right;">o</td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div>Mr. Ira Palti &#8211; Mr. Palti is an industry expert, who brings to the table a strong toolset of expertise and experience in the wireless transport market. In his
                position as CEO Ceragon&#8217;s solutions have earned an unblemished record on network performance. Palti&#8217;s sixteen years as Ceragon&#8217;s CEO have seen the Company leverage the wireless transitions from 3G to 5G, establishing the Company as a global
                leader. Under his leadership, the Company became the global innovator and leading solutions provider of 5G wireless transport. As the former CEO of the Company and as a well-respected and recognized professional in the Company's industry,
                Mr. Palti has a very profound and vast knowledge, understanding and experience in the Company's business, leadership, and strategy, and his leadership as a Board member is essential for the Company's ongoing success, especially in turbulent
                times in the market and in the industry. Mr. Palti also held numerous executive roles in the TMT industry, including as CEO of Seabridge, COO of VocalTec Communications&#160;and Founder of Rosh Intelligent Systems.</div>
            </td>
          </tr>

      </table>
      <div style="line-height: 1.25">&#160;</div>
    </div>
    <div style="line-height: 1.25;">
      <table cellspacing="0" cellpadding="0" id="ze7955298e6624d5d92fba0faff99aa2a" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

          <tr>
            <td style="width: 18pt;"><br>
            </td>
            <td style="width: 27pt; vertical-align: top; align: right;">o</td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div>Mr. David Ripstein &#8211; Mr. Ripstein currently serves as CEO of SatixFy, a SatComm company
                  which, among others, designs next-generation satellite communication systems based on in-house developed chipsets. He has extensive TMT leadership and R&amp;D experience. He served as CEO of GreenRoad Technologies, CEO and COO of RADCOM over the course of a decade, and the head of a large R&amp;D
                  engineering group within the Israel Defense Force&#8217;s Intelligence Unit for over a decade. He is also the Co-Founder of two technology startups. Mr. Ripstein was first elected to serve as an independent Board member at the 2021 AGM. Mr.
                  Ripstein has three decades of experience in senior management positions in Israel&#8217;s telecommunications industry and Israel Defense Force technology and intelligence units. Mr. Ripstein is classified as an Independent Director under the
                  rules of the Nasdaq Global Select Market and also satisfies the qualifications set forth for &#8220;accounting and financial expertise&#8221; as defined under the Companies Law. We believe that Mr. Ripstein's vast experience in the telecommunications
                  industry, together with his profound leadership in various management positions in the industry, qualification as an Independent Director and satisfaction of the &#8220;accounting and financial expertise&#8221; qualifications are all beneficial to
                  the Company's ongoing success and for the leadership of the Board.</div>
            </td>
          </tr>

      </table>
      <div style="line-height: 1.25">&#160;</div>
      <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" id="DSPFPageBreakArea">
        <div style="text-align: center;" id="DSPFPageNumberArea"><font style="font-weight: normal; font-style: normal;" id="DSPFPageNumber">- 7 -</font></div>
        <div style="page-break-after: always;" id="DSPFPageBreak">
          <hr noshade="noshade" style="border-width: 0px; clear: both; margin: 4px 0px; width: 100%; height: 2px; color: #000000; background-color: #000000;"></div>
      </div>
      <div style="line-height: 1.25;"><br style="line-height: 1.25;">
      </div>
    </div>
    <div style="line-height: 1.25;">
      <div style="margin-left: 18pt; line-height: 1.25;">Ms. Langer, Mr. Palti, and Mr. Ripstein are highly qualified and well equipped to continue serving on our Board.
        Aviat's attempt to have Ms. Langer, Mr. Palti, and Mr. Ripstein removed from service on the Board is clearly an attempt to gain control of the Board and divert our management&#8217;s attention from the business operations of the Company, both of which
        could destroy long-term shareholder value.</div>
      <div style="line-height: 1.25">&#160;</div>
    </div>
    <div style="line-height: 1.25;">
      <table cellspacing="0" cellpadding="0" id="zf92924414b8a40459d3a2d776ffae5e8" 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; font-weight: bold;">&#8226;</td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div>Finally, Ceragon&#8217;s Board, in its current composition, is singularly focused on the interests of the Company and on maximizing value for all Ceragon shareholders. As
                always, we are open to discuss potential transactions with any third party, provided that such transaction delivers full, fair and certain value to Ceragon&#8217;s shareholders.</div>
            </td>
          </tr>

      </table>
      <div style="line-height: 1.25">&#160;</div>
    </div>
    <div style="text-align: justify; line-height: 1.25; font-weight: bold;">For these reasons, the Board of Directors strongly opposes Aviat&#8217;s Removal Request of three highly qualified
        directors and urges the Company&#8217;s shareholders to vote &#8220;AGAINST&#8221; Proposal One.</div>
    <div style="line-height: 1.25;">
      <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;"><u>Required Vote</u></div>
    </div>
    <div style="line-height: 1.25;">
      <div style="line-height: 1.25;"><br style="line-height: 1.25;">
      </div>
      <div style="text-align: justify; line-height: 1.25;">An affirmative vote of a majority of the Ordinary Shares represented at the Meeting, in person, by proxy or by white proxy card, and
        voting thereon, is required for the approval of Proposal One.</div>
      <div style="line-height: 1.25">&#160;</div>
      <div style="text-align: justify; line-height: 1.25; font-weight: bold;">Aviat's proposal to remove each of Ms. Langer, Mr. Palti, Mr. Ripstein and all new directors appointed to the Board
        following the conclusion of the 2021 AGM shall be voted upon separately at the Meeting.</div>
      <div style="line-height: 1.25">&#160;</div>
      <div style="text-align: justify; line-height: 1.25;">It is proposed that at the Meeting the following resolutions, proposed by Aviat, a Company shareholder and a competitor of the
        Company, be voted "<font style="font-weight: bold;">AGAINST</font>":</div>
      <div style="line-height: 1.25">&#160;</div>
    </div>
    <div style="line-height: 1.25;">
      <div style="text-align: justify; line-height: 1.25;">&#8220;<font style="font-weight: bold; font-style: italic;">RESOLVED</font><font style="font-style: italic;"> that: Ms. Yael Langer be, and she hereby is, removed from the Board, effective immediately;</font></div>
      <div style="line-height: 1.25;"><br style="line-height: 1.25;">
      </div>
      <div style="text-align: justify; line-height: 1.25; font-style: italic;"><font style="font-weight: bold;">RESOLVED</font>&#160;<font style="font-weight: bold;">FURTHER</font> that: Mr. Ira Palti be, and he hereby is, removed from the Board, effective immediately;</div>
    </div>
    <div style="line-height: 1.25;">
      <div style="line-height: 1.25;"><br style="line-height: 1.25;">
      </div>
      <div style="text-align: justify; line-height: 1.25; font-style: italic;"><font style="font-weight: bold;">RESOLVED</font>&#160;<font style="font-weight: bold;">FURTHER</font> that: Mr. David Ripstein be, and he hereby is, removed from the Board, effective immediately; and</div>
      <div style="line-height: 1.25">&#160;</div>
      <div style="text-align: justify; line-height: 1.25; font-style: italic;"><font style="font-weight: bold;">RESOLVED FURTHER </font>that: any and all new directors appointed to the Board following the conclusion of the Ceragon 2021 Annual General Meeting of Shareholders be, and they hereby are, removed from the Board, effective immediately.&#8221;</div>
      <div style="line-height: 1.25">&#160;</div>
      <div style="text-align: justify; line-height: 1.25; font-weight: bold;">The Board of Directors recommends that you vote &#8220;AGAINST&#8221; approval of the Removal Request.</div>
      <div style="line-height: 1.25">&#160;</div>
    </div>
    <div style="text-align: justify; margin-right: 4.5pt; line-height: 1.25; font-style: italic;">Each of the Board members proposed by Aviat to be removed may be deemed to have a personal
      interest in the foregoing proposed resolutions, as far as they concern him or herself, and therefore each of them refrained from making a recommendation with respect to his or her own removal.</div>
    <div style="line-height: 1.25">&#160;</div>
    <div style="line-height: 1.25;">
      <div style="line-height: 1.25;"><br style="line-height: 1.25;">
      </div>
      <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" id="DSPFPageBreakArea">
        <div style="text-align: center;" id="DSPFPageNumberArea"><font style="font-weight: normal; font-style: normal;" id="DSPFPageNumber">- 8 -</font></div>
        <div style="page-break-after: always;" id="DSPFPageBreak">
          <hr noshade="noshade" style="border-width: 0px; clear: both; margin: 4px 0px; width: 100%; height: 2px; color: #000000; background-color: #000000;"></div>
      </div>
      <div style="line-height: 1.25">&#160;</div>
    </div>
    <div style="text-align: center; line-height: 1.25; font-weight: bold;">PROPOSAL TWO</div>
    <div style="line-height: 1.25; text-align: center;">&#160;</div>
    <div style="text-align: center; line-height: 1.25; font-family: 'Times New Roman',Times,serif; font-weight: bold;">SUBJECT TO THE APPROVAL OF PROPOSAL ONE AND THE REMOVAL OF ALL </div>
    <div style="text-align: center; line-height: 1.25; font-family: 'Times New Roman',Times,serif; font-weight: bold;">DIRECTORS REQUESTED TO BE REMOVED - SHAREHOLDER PROPOSAL TO ELECT UP<br>
      &#160;TO THREE NEW DIRECTORS TO FILL VACANCIES ON THE BOARD</div>
    <div style="line-height: 1.25">&#160;</div>
    <div style="text-align: justify; line-height: 1.25;">In the Letter, Aviat has also requested to increase the size of the Board to nine and proposed - subject to the approval by our
      shareholders of the proposal to remove directors as referred to under Proposal One - to elect its five nominees for service on our Board: Ms. Michelle Clayman, Mr.
      Paul S. Delson, Mr. Jonathan F. Foster, Mr. Dennis Sadlowski, and Mr. Craig Weinstock (the &#8220;<font style="font-weight: bold;">Election Request</font>&#8221;).</div>
    <div style="line-height: 1.25">&#160;</div>
    <div style="text-align: justify; line-height: 1.25;">Nonetheless, it is hereby clarified that in accordance
        with the Articles, nominees for service as Company directors may be elected at an extraordinary general meeting only in the event that the number of serving directors is less than five. Accordingly, in compliance with our Articles, <font style="font-weight: bold;">Proposal Two shall be presented and voted upon at the Meeting only in the event that Proposal One is approved by our shareholders at the Meeting and all three directors proposed by Aviat to be removed
        are indeed removed. In such event, (i) pursuant to our Articles only up to the number of the directors removed&#160; may be appointed to our Board, therefore only up to three nominees may be elected to fill the vacancies created,&#160; (ii) in the event that more than three director nominees proposed under Proposal Two receive the affirmative vote of holders of a majority of the shares voting on
        each such nominee, the three nominees who receive the highest number of affirmative votes in favor of their election will be elected to serve as directors of the Company</font>.</div>
    <div style="line-height: 1.25">&#160;</div>
    <div style="text-align: justify; line-height: 1.25; font-weight: bold;">Aviat Nominees</div>
    <div style="line-height: 1.25">&#160;</div>
    <div style="text-align: justify; line-height: 1.25;">The biographical information for the Aviat nominees, is set
        forth in <font style="font-weight: bold;"><u>Exhibit A</u></font>.</div>
    <div style="line-height: 1.25">&#160;</div>
    <div style="text-align: justify; line-height: 1.25;">Each of the Aviat nominees has attested to the Company that
        he or she meets all the requirements in connection with the election of directors under the Companies Law and has consented to be named as a nominee to the Board in this Proxy Statement and to serve if elected. Further, at Ceragon&#8217;s request, Aviat
        confirmed that during the past three years there have been no arrangements, relations or understanding between Aviat and/or any of its affiliates, subsidiaries, material shareholders, directors or officers and any related part thereof and
      any of the nominees proposed by Aviat, a confirmation which was supported by filling the directors questionnaire used by the Company in order to evaluate its proposed directors. Neither the Nomination Committee nor the Board has considered director compensation terms for the Aviat nominees should they be elected to the Board at the Meeting.</div>
    <div style="line-height: 1.25">&#160;</div>
    <div style="text-align: justify; line-height: 1.25;">After careful evaluation and consideration of the Election Request, the Board has concluded that the proposed election of up to three of
      Ms. Michelle Clayman, Mr. Paul S. Delson, Mr. Jonathan F. Foster, Mr. Dennis Sadlowski, and Mr. Craig Weinstock for service on our Board, subject to the approval of Proposal One above, is <font style="font-weight: bold;">NOT</font> in the best interests of the Company and our shareholders and recommends that you vote <font style="font-weight: bold;">AGAINST</font> any
      such election, for the following reasons:</div>
    <div style="line-height: 1.25">&#160;</div>
    <table cellspacing="0" cellpadding="0" id="zc339a78213b04d45a1ce2576b84fe764" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

        <tr>
          <td style="width: 18pt;"><br>
          </td>
          <td style="width: 18pt; vertical-align: top; align: right;">&#8226;</td>
          <td style="width: auto; vertical-align: top; text-align: justify;">
            <div>Aviat&#8217;s proposal to nominate its hand-picked director nominees to our Board is designed, among other things, to distract Ceragon&#8217;s shareholders from the inadequacy of
              Aviat&#8217;s indication of interest to acquire Ceragon at $2.80 per share. Aviat has called this EGM merely to put its hand-picked nominees in control of the Ceragon Board to negotiate a transaction on behalf of Ceragon&#8217;s shareholders that would
              implement Aviat&#8217;s low-ball, highly conditional indication.</div>
          </td>
        </tr>

    </table>
    <div style="line-height: 1.25">&#160;</div>
    <table cellspacing="0" cellpadding="0" id="ze6e8107015864c11a7dfe7a1b737b159" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

        <tr>
          <td style="width: 18pt;"><br>
          </td>
          <td style="width: 18pt; vertical-align: top; align: right;">&#8226;</td>
          <td style="width: auto; vertical-align: top; text-align: justify;">
            <div>Aviat&#8217;s request to appoint its hand-picked directors is made in support of its hostile attempt to take control of the Company at a price that does not reflect the
              upside in our business and to avoid further losses in its market share. In short, the Election Request made by Aviat is only seeking to create disruption to Aviat&#8217;s self-serving benefit as a competitor of Ceragon;</div>
          </td>
        </tr>

    </table>
    <div style="line-height: 1.25">&#160;</div>
    <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" id="DSPFPageBreakArea">
      <div style="text-align: center;" id="DSPFPageNumberArea"><font style="font-weight: normal; font-style: normal;" id="DSPFPageNumber">- 9 -</font></div>
      <div style="page-break-after: always;" id="DSPFPageBreak">
        <hr noshade="noshade" style="border-width: 0px; clear: both; margin: 4px 0px; width: 100%; height: 2px; color: #000000; background-color: #000000;"></div>
    </div>
    <div style="line-height: 1.25">&#160;</div>
    <table cellspacing="0" cellpadding="0" id="zfc5c787857f74a63a7b83901ef88a7fa" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

        <tr>
          <td style="width: 18pt;"><br>
          </td>
          <td style="width: 18pt; vertical-align: top; align: right;">&#8226;</td>
          <td style="width: auto; vertical-align: top; text-align: justify;">
            <div>Aviat&#8217;s proposal to nominate directors to our Board is an attempt to fill the Board with Aviat&#8217;s hand-picked director nominees, none of whom have telecom experience and
              none of whom have compelling board experience, as detailed below. We believe that none of Aviat&#8217;s nominees would have an incentive to fight hard to deliver value and certainty for Ceragon&#8217;s shareholders, which is troubling given Aviat&#8217;s
              recent reduction of its indicative price per share and its failure to provide Ceragon with firm financing commitments and deal certainty. Further, we believe Aviat&#8217;s nominees would leave Ceragon with a weak, inexperienced Board that will not
              be able to effectively oversee the Company&#8217;s strategy.</div>
          </td>
        </tr>

    </table>
    <div style="line-height: 1.25">&#160;</div>
    <table cellspacing="0" cellpadding="0" id="z0700d7485c5142baba557fd40d1e4b51" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

        <tr>
          <td style="width: 18pt;"><br>
          </td>
          <td style="width: 18pt; vertical-align: top; align: right;">&#8226;</td>
          <td style="width: auto; vertical-align: top; text-align: justify;">
            <div>Furthermore, Aviat has already discounted its proposed offer price and thus far has been unwilling to provide financing commitment and other adequate deal certainty
              protections. Aviat&#8217;s actions serve as evidence that Ceragon&#8217; s shareholders should not trust Aviat&#8217;s director nominees to protect their interests;</div>
          </td>
        </tr>

    </table>
    <div style="line-height: 1.25">&#160;</div>
    <table cellspacing="0" cellpadding="0" id="z44e9244a75eb450494fdede359ed050e" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

        <tr>
          <td style="width: 18pt;"><br>
          </td>
          <td style="width: 18pt; vertical-align: top; align: right;">&#8226;</td>
          <td style="width: auto; vertical-align: top; text-align: justify;">
            <div>Aviat selected its director nominees with little regard to Ceragon&#8217;s business:</div>
          </td>
        </tr>

    </table>
    <div style="line-height: 1.25">&#160;</div>
    <div style="line-height: 1.25;">
      <table cellspacing="0" cellpadding="0" id="zc31924b1f81449139ed2d2c72b0dea8e" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

          <tr>
            <td style="width: 54pt;"><br>
            </td>
            <td style="width: 18pt; vertical-align: top; align: right;">o</td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div><font style="font-weight: bold;">None of them</font> have relevant telecom expertise;</div>
            </td>
          </tr>

      </table>
      <div style="line-height: 1.25">&#160;</div>
      <table cellspacing="0" cellpadding="0" id="z9d561d56c3b942de871d1d62ddabd663" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

          <tr>
            <td style="width: 54pt;"><br>
            </td>
            <td style="width: 18pt; vertical-align: top; align: right;">o</td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div><font style="font-weight: bold;">None of them</font> have adequate public company board experience
                suitable for Ceragon Board:</div>
            </td>
          </tr>

      </table>
    </div>
    <div style="line-height: 1.25;">
      <div style="line-height: 1.25">&#160;</div>
      <table cellspacing="0" cellpadding="0" id="z4318c592b122408692d1361155849fa4" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

          <tr>
            <td style="width: 90pt;"><br>
            </td>
            <td style="width: 18pt; vertical-align: top; align: right;">&#9726;</td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div>Three of the nominees have <font style="font-weight: bold;"><u>no</u></font> public company director
                experience whatsoever;</div>
            </td>
          </tr>

      </table>
      <div style="line-height: 1.25">&#160;</div>
      <table cellspacing="0" cellpadding="0" id="z895f1af21d744612b25daef0c296a025" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

          <tr>
            <td style="width: 90pt;"><br>
            </td>
            <td style="width: 18pt; vertical-align: top; align: right;">&#9726;</td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div>Mr. Foster already serves on four boards and would be considered over-boarded if he is added to Ceragon&#8217;s Board; and</div>
            </td>
          </tr>

      </table>
      <div style="line-height: 1.25">&#160;</div>
      <table cellspacing="0" cellpadding="0" id="z704fdca60b474593a63c4f9564f30377" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

          <tr>
            <td style="width: 90pt;"><br>
            </td>
            <td style="width: 18pt; vertical-align: top; align: right;">&#9726;</td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div>Mr. Sadlowski served on one public company board (the CECO Environmental Board), which underperformed the market by more than 80% during his tenure.</div>
            </td>
          </tr>

      </table>
      <div style="line-height: 1.25">&#160;</div>
    </div>
    <table cellspacing="0" cellpadding="0" id="z8dfe56a26db84a66aa0d2baa5f706e4e" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

        <tr>
          <td style="width: 18pt;"><br>
          </td>
          <td style="width: 18pt; vertical-align: top; align: right;">&#8226;</td>
          <td style="width: auto; vertical-align: top; text-align: justify;">
            <div>Based on the above, our Board is of the view that Aviat&#8217;s hand-picked director nominees do
                not have the requisite expertise to lead a sophisticated, market-leading telecom company. This all leads to the inescapable conclusion that they were selected solely to force a sale to Aviat and/or to take control of Ceragon&#8217;s Board in
                order to disrupt Aviat&#8217;s competitor. This is particularly troubling because if Aviat&#8217;s nominees take control of the Ceragon Board, Aviat can reduce their price (again), execute a transaction that allows Aviat to walk away if unable to
                secure financing, or destroy Ceragon from inside the Boardroom.</div>
          </td>
        </tr>

    </table>
    <div style="line-height: 1.25">&#160;</div>
    <div style="text-align: justify; line-height: 1.25; font-weight: bold;">For these reasons, the Board strongly opposes Aviat&#8217;s Election Request and urges the Company&#8217;s shareholders to
        vote &#8220;AGAINST&#8221; Proposal Two.</div>
    <div style="line-height: 1.25">&#160;</div>
    <div style="line-height: 1.25;">
      <div style="text-align: justify; line-height: 1.25; font-weight: bold;"><u>Required Vote</u></div>
    </div>
    <div style="line-height: 1.25;">
      <div style="line-height: 1.25;"><br style="line-height: 1.25;">
      </div>
      <div style="text-align: justify; line-height: 1.25;">An affirmative vote of a majority of the Ordinary Shares represented at the Meeting, in person, by proxy or by white proxy card, and
        voting thereon, is required for the approval of Proposal Two. Aviat's proposal to elect each of its director nominees shall be voted upon separately at the Meeting.</div>
      <div style="line-height: 1.25">&#160;</div>
      <div style="text-align: justify; line-height: 1.25; font-weight: bold;">Aviat's proposal to elect each of Ms. Clayman, Mr. Delson, Mr. Foster, Mr. Sadlowski and Mr. Weinstock to the Board
        shall be voted upon separately at the Meeting.</div>
      <div style="line-height: 1.25">&#160;</div>
      <div style="text-align: justify; line-height: 1.25;">It is proposed that at the Meeting the following resolutions, proposed by Aviat, a Company shareholder and a competitor of the
        Company, be voted "<font style="font-weight: bold;">AGAINST</font>":</div>
      <div style="line-height: 1.25">&#160;</div>
    </div>
    <div style="text-align: justify; line-height: 1.25;">&#8220;<font style="font-style: italic;">Resolved that: Ms. Michelle Clayman be, and she hereby is, elected to the Board, effective
        immediately, for a term ending on the date of the Annual General Meeting that will be held in 2024; and</font></div>
    <div style="line-height: 1.25">&#160;</div>
    <div style="text-align: justify; line-height: 1.25; font-style: italic;">Resolved further that: Mr. Paul S. Delson be, and he hereby is, elected to the Board, effective immediately, for a
      term ending on the date of the Annual General Meeting that will be held in 2024; and</div>
    <div style="line-height: 1.25">&#160;</div>
    <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" id="DSPFPageBreakArea">
      <div style="text-align: center;" id="DSPFPageNumberArea"><font style="font-weight: normal; font-style: normal;" id="DSPFPageNumber">- 10 -</font></div>
      <div style="page-break-after: always;" id="DSPFPageBreak">
        <hr noshade="noshade" style="border-width: 0px; clear: both; margin: 4px 0px; width: 100%; height: 2px; color: #000000; background-color: #000000;"></div>
    </div>
    <div style="line-height: 1.25">&#160;</div>
    <div style="text-align: justify; line-height: 1.25; font-style: italic;">Resolved further that: Mr. Jonathan F. Foster be, and he hereby is, elected to the Board, effective immediately, for
      a term ending on the date of the Annual General Meeting that will be held in 2024; and</div>
    <div style="line-height: 1.25">&#160;</div>
    <div style="text-align: justify; line-height: 1.25; font-style: italic;">Resolved further that: Mr. Dennis Sadlowski be, and he hereby is, elected to the Board, effective immediately, for a
      term ending on the date of the Annual General Meeting that will be held in 2024; and</div>
    <div style="line-height: 1.25">&#160;</div>
    <div style="text-align: justify; line-height: 1.25;"><font style="font-style: italic;">Resolved further that: Mr. Craig
        Weinstock be, and he hereby is, elected to the Board, effective immediately, for a term ending on the date of the Annual General Meeting that will be held in 2024.</font>&#8221;</div>
    <div style="line-height: 1.25">&#160;</div>
    <div style="line-height: 1.25;">
      <div style="text-align: justify; line-height: 1.25; font-weight: bold;">The Board of Directors recommends that you vote &#8220;AGAINST&#8221; approval of the Election Request.</div>
      <div style="line-height: 1.25">&#160;</div>
      <div style="text-align: justify; line-height: 1.25;">As explained above,&#160;<font style="font-weight: bold;">in the event that Proposal One is not approved, this Proposal Two shall not be presented and voted upon at the Meeting and any votes casted with respect thereto shall be
          disregarded.</font></div>
      <div style="line-height: 1.25">&#160;</div>
      <div style="text-align: justify; line-height: 1.25;"><font style="font-weight: bold;">Further, even if Proposal One is
          approved, pursuant to our Articles only up to three new directors may be appointed to our Board to fill vacancies thereat, and in the event
          that more than three director nominees proposed under Proposal Two receive the affirmative vote of holders of a majority of the shares voting on each such nominee, the three nominees who receive the highest number of affirmative votes in favor of
          their election will be elected to serve as directors of the Company</font>.</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="z7afc79a65a204f1f897f19f3c1b00b0c">

            <tr>
              <td style="width: 30%;">
                <div>&#160;</div>
              </td>
              <td style="width: 70%;">
                <div>
                  <div style="text-align: center; line-height: 1.25; font-family: 'Times New Roman',Times,serif;">By Order of the Board of Directors,</div>
                  <div style="line-height: 1.25; text-align: center;">&#160;</div>
                  <div style="text-align: center; line-height: 1.25; font-family: 'Times New Roman',Times,serif;">ZOHAR ZISAPEL</div>
                  <div style="line-height: 1.25; text-align: center;">&#160;</div>
                  <div style="text-align: center; line-height: 1.25; font-family: 'Times New Roman',Times,serif;">Chairman of the Board of Directors</div>
                  <div style="line-height: 1.25; text-align: center;">&#160;</div>
                  <div style="text-align: center; line-height: 1.25; font-family: 'Times New Roman',Times,serif;">July 18, 2022</div>
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        <div style="text-align: center;">&#160;<font style="font-family: 'Times New Roman',Times,serif; font-weight: normal; font-style: normal;" id="DSPFPageNumber">- 11 -</font></div>
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end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
