<SEC-DOCUMENT>0001178913-23-001700.txt : 20230504
<SEC-HEADER>0001178913-23-001700.hdr.sgml : 20230504
<ACCEPTANCE-DATETIME>20230504160434
ACCESSION NUMBER:		0001178913-23-001700
CONFORMED SUBMISSION TYPE:	F-3
PUBLIC DOCUMENT COUNT:		9
FILED AS OF DATE:		20230504
DATE AS OF CHANGE:		20230504

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:		F-3
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-271637
		FILM NUMBER:		23888552

	BUSINESS ADDRESS:	
		STREET 1:		3 URI ARIAV ST.
		STREET 2:		PO BOX 112
		CITY:			ROSH HA AYIN
		STATE:			L3
		ZIP:			4810004810
		BUSINESS PHONE:		972-3-543-1000

	MAIL ADDRESS:	
		STREET 1:		3 URI ARIAV ST.
		STREET 2:		PO BOX 112
		CITY:			ROSH HA AYIN
		STATE:			L3
		ZIP:			4810004810

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	GIGANET LTD
		DATE OF NAME CHANGE:	20000719
</SEC-HEADER>
<DOCUMENT>
<TYPE>F-3
<SEQUENCE>1
<FILENAME>zk2329649.htm
<DESCRIPTION>F-3
<TEXT>
<html>
  <head>
    <title></title>
    <!-- Licensed to: Z-K Global
         Document created using Broadridge PROfile 23.3.1.5138
         Copyright 1995 - 2023 Broadridge -->
  </head>
<body bgcolor="#ffffff" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; text-align: left; color: #000000;">
  <div>
    <hr align="center" style="border: none; border-bottom: 1px solid black; border-top: 4px solid black; height: 10px; color: #ffffff; background-color: #ffffff; text-align: center; margin-left: auto; margin-right: auto;">
    <div><br>
    </div>
    <div>
      <div style="text-align: center; line-height: 1.25; font-weight: bold;">As filed with the Securities and Exchange Commission on May 4, 2023</div>
      <div style="text-align: right; line-height: 1.25;"><font style="font-weight: bold;">Registration No. 333-</font>__________</div>
      <div style="line-height: 1.25">&#160;</div>
      <div style="text-align: center; line-height: 1.25; font-weight: bold;">UNITED STATES</div>
      <div style="text-align: center; line-height: 1.25; font-family: 'Times New Roman',Times,serif; font-size: 14pt; font-weight: bold;">SECURITIES AND EXCHANGE COMMISSION</div>
      <div style="text-align: center; line-height: 1.25; font-weight: bold;">WASHINGTON, D.C. 20549</div>
      <div style="text-align: center; line-height: 1.25; font-weight: bold;">___________________________</div>
      <div style="text-align: center; line-height: 1.25; font-family: 'Times New Roman',Times,serif; font-size: 14pt; font-weight: bold;"> <br>
      </div>
      <div style="text-align: center; line-height: 1.25; font-family: 'Times New Roman',Times,serif; font-size: 14pt; font-weight: bold;">FORM F-3</div>
      <div style="text-align: center; line-height: 1.25; font-weight: bold;">REGISTRATION STATEMENT</div>
      <div style="text-align: center; line-height: 1.25; font-weight: bold;">UNDER THE SECURITIES ACT OF 1933</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-family: 'Times New Roman',Times,serif; font-size: 16pt; font-weight: bold;">Ceragon Networks Ltd.</div>
      <div style="text-align: center; line-height: 1.25;">(Exact name of registrant as specified in its charter)</div>
      <div style="line-height: 1.25;"><br style="line-height: 1.25;">
      </div>
      <table cellspacing="0" cellpadding="0" id="za08fd0cf88314e1181d9666bfecce520" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

          <tr>
            <td style="width: 50%; vertical-align: top;">
              <div style="text-align: center; line-height: 1.25; font-weight: bold;">Israel</div>
            </td>
            <td style="width: 50%; vertical-align: top;">
              <div style="text-align: center; line-height: 1.25; font-weight: bold;">Not Applicable</div>
            </td>
          </tr>
          <tr>
            <td style="width: 50%; vertical-align: top;">
              <div style="text-align: center; line-height: 1.25;">(State or other jurisdiction of</div>
              <div style="text-align: center; line-height: 1.25;">incorporation or organization)</div>
            </td>
            <td style="width: 50%; vertical-align: top;">
              <div style="text-align: center; line-height: 1.25;">(I.R.S. Employer Identification No.)</div>
            </td>
          </tr>

      </table>
      <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;">3 Uri Ariav St., Bldg. A (7th Floor)</div>
      <div style="text-align: center; line-height: 1.25; font-weight: bold;">PO Box 112,</div>
      <div style="text-align: center; line-height: 1.25; font-weight: bold;">Rosh Ha&#8217;Ayin, Israel, 4810002</div>
      <div style="text-align: center; line-height: 1.25; font-weight: bold;">(+972) 3-543-1369</div>
      <div style="text-align: center; line-height: 1.25;">(Address and telephone number of registrant&#8217;s principal executive offices)</div>
      <div style="text-align: center; line-height: 1.25; font-weight: bold;">___________________</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;">Ceragon Networks, Inc.</div>
      <div style="text-align: center; line-height: 1.25; font-weight: bold;">150 Clove Road</div>
      <div style="text-align: center; line-height: 1.25; font-weight: bold;">Little Falls, New Jersey 07424</div>
      <div style="text-align: center; line-height: 1.25; font-weight: bold;">(201) 845-6955</div>
      <div style="text-align: center; line-height: 1.25;">(Name, address, and telephone number of agent for service)</div>
      <div style="text-align: center; line-height: 1.25; font-weight: bold;">___________________</div>
      <div style="text-align: center; line-height: 1.25; font-weight: bold;">Copies to:</div>
      <div style="line-height: 1.25;"><br style="line-height: 1.25;">
      </div>
      <table cellspacing="0" cellpadding="0" id="zf38eb25ffe4a45a6a63939be0f8f4d6a" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

          <tr>
            <td style="width: 34.15%; vertical-align: top;">
              <div style="text-align: center; line-height: 1.25; font-weight: bold;">Todd E. Lenson, Esq.</div>
              <div style="text-align: center; line-height: 1.25; font-weight: bold;">Kramer Levin Naftalis &amp; Frankel LLP</div>
              <div style="text-align: center; line-height: 1.25; font-weight: bold;">1177 Avenue of the Americas</div>
              <div style="text-align: center; line-height: 1.25; font-weight: bold;">New York, New York 10036</div>
              <div style="text-align: center; line-height: 1.25; font-weight: bold;">Tel: 212-715-9216</div>
              <div style="text-align: center; line-height: 1.25; font-weight: bold;">Fax: 212-715-8216</div>
            </td>
            <td style="width: 31.36%; vertical-align: top;">
              <div style="text-align: center; line-height: 1.25; font-weight: bold;">Lior Aviram, Adv.</div>
              <div style="text-align: center; line-height: 1.25; font-weight: bold;">Shibolet &amp; Co., Law Firm</div>
              <div style="line-height: 1.25;">
                <div style="text-align: center; line-height: 1.25; font-weight: bold;">Tou Towers, Yitzhak Sadeh 4<br>
                  Tel Aviv-Yafo 6777504, Israel<br>
                  Tel: +972-3-307-5000<br>
                  Fax: +972-3-777-8444</div>
              </div>
            </td>
            <td style="width: 34.49%; vertical-align: top;">
              <div style="text-align: center; line-height: 1.25; font-weight: bold;">Hadar Vismunski Weinberg, Adv.</div>
              <div style="text-align: center; line-height: 1.25; font-weight: bold;">3 Uri Ariav St., Bldg. A, (7th Floor)</div>
              <div style="text-align: center; line-height: 1.25; font-weight: bold;">PO Box 112</div>
              <div style="text-align: center; line-height: 1.25; font-weight: bold;">Rosh Ha&#8217;Ayin, Israel, 4810002</div>
              <div style="text-align: center; line-height: 1.25; font-weight: bold;">Tel: +972-3-543-1369</div>
              <div style="text-align: center; line-height: 1.25; font-weight: bold;">Fax: +972-3-543-1600</div>
            </td>
          </tr>

      </table>
      <div> <br>
      </div>
      <div style="text-indent: 36pt; line-height: 1.25;">Approximate date of commencement of proposed sale to the public: From time to time after the effective date of this Registration Statement.</div>
      <div style="line-height: 1.25">&#160;</div>
      <div style="text-indent: 36pt; line-height: 1.25;">If the only securities being registered on this Form are being offered pursuant to dividend or interest reinvestment plans, please check the following box. &#9744;</div>
      <div style="line-height: 1.25">&#160;</div>
      <div style="text-indent: 36pt; line-height: 1.25;">If any of the securities being registered on this Form are to be offered on a delayed or continuous basis pursuant to Rule 415 under the Securities Act of 1933, check the following box. &#9746;</div>
      <div style="line-height: 1.25">&#160;</div>
      <div style="text-indent: 36pt; line-height: 1.25;">If this Form is filed to register additional securities for an offering pursuant to Rule 462(b) under the Securities Act, please check the following box and list the Securities Act registration
        statement number of the earlier effective registration statement for the same offering. &#9744;</div>
      <div style="line-height: 1.25">&#160;</div>
      <div style="text-indent: 36pt; line-height: 1.25;">If this Form is a post-effective amendment filed pursuant to Rule 462(c) under the Securities Act, check the following box and list the Securities Act registration statement number of the earlier
        effective registration statement for the same offering. &#9744;</div>
      <div style="line-height: 1.25">&#160;</div>
      <div style="text-indent: 36pt; line-height: 1.25;">If this Form is a registration statement pursuant to General Instruction I.C. or a post-effective amendment thereto that shall become effective upon filing with the Commission pursuant to Rule 462(e)
        under the Securities Act, check the following box. &#9744;</div>
      <div style="line-height: 1.25">&#160;</div>
      <div style="text-indent: 36pt; line-height: 1.25;">If this Form is a post-effective amendment to a registration statement filed pursuant to General Instruction I.C. filed to register additional securities or additional classes of securities pursuant
        to Rule 413(b) under the Securities Act, check the following box. &#9744;</div>
      <div style="line-height: 1.25">&#160;</div>
      <div style="line-height: 1.25;">
        <div style="text-indent: 36pt; line-height: 1.25;">Indicate by check mark whether the registrant is an emerging growth company, as defined in Rule 405 of the Securities Act of 1933.&#160;Emerging growth company &#9744;</div>
        <div style="line-height: 1.25;"><br style="line-height: 1.25;">
        </div>
        <div style="text-indent: 36pt; line-height: 1.25;">If an emerging growth company that prepares its financial statements in accordance with U.S. GAAP, indicate by check mark if the registrant has elected not to use the extended transition period for
          complying with any new or revised financial accounting standards provided pursuant to Section 7(a)(2)(B) of the Securities Act.&#160;<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>
      <div style="line-height: 1.25;"><font style="font-weight: bold;">The Registrant hereby amends this Registration Statement on such date or dates as may be necessary to delay its effective date until the Registrant shall file a further amendment which
          specifically states that this Registration Statement shall thereafter become effective in accordance with Section 8(a) of the Securities Act of 1933 or until this Registration Statement shall become effective on such date as the Securities and
          Exchange Commission, acting pursuant to said Section 8(a), may determine.</font>&#160;</div>
      <div style="line-height: 1.25">&#160;</div>
      <div style="line-height: 1.25; font-weight: bold;"><br>
      </div>
      <div style="line-height: 1.25">&#160;</div>
      <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" class="BRPFPageBreakArea">
        <div style="page-break-after: always;" class="BRPFPageBreak">
          <hr noshade="noshade" style="border-width: 0px; clear: both; margin: 4px 0px; width: 100%; height: 2px; color: #000000; background-color: #000000;"></div>
      </div>
      <div style="line-height: 1.25; font-family: 'Times New Roman',Times,serif; font-weight: bold;"> <font style="background-color: rgb(255, 255, 255); font-weight: bold; color: rgb(255, 0, 0); font-style: normal; font-variant: normal; text-transform: none;">The information in this prospectus is not complete and may be changed.&#160; We may not sell these securities until the registration statement filed with the Securities and Exchange Commission is effective.&#160; This prospectus is not an offer to
          sell securities and it is not soliciting an offer to buy securities in any state where the offer or sale is not permitted.</font></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;">Subject to Completion, Dated May 4, 2023</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;">Prospectus</div>
      <div style="line-height: 1.25">&#160;</div>
      <div style="text-align: center; line-height: 1.25;"><img width="192" height="49" src="image1.jpg"></div>
      <div style="line-height: 1.25">&#160;</div>
      <div style="text-align: center; line-height: 1.25; font-weight: bold;">$150,000,000</div>
      <div style="text-align: center; line-height: 1.25; font-weight: bold;">Ordinary Shares</div>
      <div style="text-align: center; line-height: 1.25; font-weight: bold;">Rights</div>
      <div style="text-align: center; line-height: 1.25; font-weight: bold;">Warrants</div>
      <div style="text-align: center; line-height: 1.25; font-weight: bold;">Debt Securities</div>
      <div style="text-align: center; line-height: 1.25; font-weight: bold;">Units</div>
      <div style="line-height: 1.25">&#160;</div>
      <div style="text-align: justify; text-indent: 36pt; line-height: 1.25;">We may offer and sell from time to time in one or more offerings our ordinary shares, rights, warrants, debt securities and units having an aggregate offering price of up to
        $150,000,000.</div>
      <div style="line-height: 1.25">&#160;</div>
      <div style="text-align: justify; text-indent: 36pt; line-height: 1.25;">Each time we sell securities pursuant to this prospectus, we will provide in a supplement to this prospectus the price and any other material terms of any such offering and the
        securities offered.&#160; Any prospectus supplement may also add, update or change information contained in the prospectus.&#160; You should read this prospectus and any applicable prospectus supplement, as well as the documents incorporated by reference or
        deemed incorporated by reference into this prospectus, carefully before you invest in any securities.&#160;&#160;<font style="font-weight: bold;">This prospectus may not be used to offer or sell securities unless accompanied by a prospectus supplement</font>.</div>
      <div style="line-height: 1.25">&#160;</div>
      <div style="text-align: justify; text-indent: 36pt; line-height: 1.25;">Our ordinary shares are traded on the Nasdaq Global Select Market, or Nasdaq, under the symbol &#8220;CRNT&#8221;.</div>
      <div style="line-height: 1.25">&#160;</div>
      <div style="text-align: justify; text-indent: 36pt; line-height: 1.25;">The closing sale price of our ordinary shares on the Nasdaq Global Select Market on May 3, 2023, was $1.8 per share.</div>
      <div style="line-height: 1.25">&#160;</div>
      <div style="text-align: justify; text-indent: 36pt; line-height: 1.25; font-weight: bold;">Investing in our securities involves a high degree of risk.&#160; Risks associated with an investment in our securities will be described in the applicable
        prospectus supplement and are and will be described in certain of our filings with the Securities and Exchange Commission, as described in &#8220;Risk Factors&#8221; on page 3.</div>
      <div style="line-height: 1.25">&#160;</div>
      <div style="text-align: justify; text-indent: 36pt; line-height: 1.25;">The securities may be sold directly by us to investors, through agents designated from time to time,&#160; through underwriters or dealers, or through a combination of such
        methods.&#160;&#160;For additional information on the methods of sale, you should refer to the section entitled &#8220;Plan of Distribution&#8221;. If any underwriters are involved in the sale of our securities with respect to which this prospectus is being delivered,
        the names of such underwriters and any applicable commissions or discounts will be set forth in a prospectus supplement.&#160; The net proceeds we expect to receive from such sale will also be set forth in a prospectus supplement.</div>
      <div style="line-height: 1.25">&#160;</div>
      <div style="text-align: justify; text-indent: 36pt; line-height: 1.25; font-weight: bold;">Neither the Securities and Exchange Commission nor any state securities commission has approved or disapproved of these securities or passed upon the adequacy
        or accuracy of this prospectus.&#160;&#160;Any representation to the contrary is a criminal offense.</div>
      <div style="line-height: 1.25">&#160;</div>
      <div style="text-align: center; line-height: 1.25;">The date of this prospectus is&#160;_____________, 2023</div>
      <div style="line-height: 1.25">&#160;</div>
      <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" class="BRPFPageBreakArea">
        <div style="page-break-after: always;" class="BRPFPageBreak">
          <hr noshade="noshade" style="border-width: 0px; clear: both; margin: 4px 0px; width: 100%; height: 2px; color: #000000; background-color: #000000;"></div>
      </div>
      <div class="BRPFPageFooter">
        <div style="line-height: 1.25;"><br>
        </div>
      </div>
      <div style="text-align: center; line-height: 1.25; font-weight: bold;">TABLE OF CONTENTS</div>
      <div style="line-height: 1.25">&#160;</div>
      <table cellspacing="0" cellpadding="2" border="0" id="z75d5e50b325a4eac8a478173edfe2fbc" style="font-family: 'Times New Roman',Times,serif; font-size: 10pt; width: 100%; text-align: left; color: rgb(0, 0, 0);">

          <tr>
            <td style="width: 90%; vertical-align: top;" rowspan="1">&#160;</td>
            <td style="width: 10%; vertical-align: top; text-align: right;" rowspan="1"><font style="font-weight: bold;"><u>Page</u></font><br>
            </td>
          </tr>
          <tr>
            <td style="width: 90%; vertical-align: top;">
              <div style="line-height: 1.25; font-family: 'Times New Roman', Times, serif;"><a href="#ABOUTTHISPROSPECTUS">ABOUT THIS PROSPECTUS</a></div>
            </td>
            <td style="width: 10%; vertical-align: top;">
              <div style="text-align: right; line-height: 1.25;">2</div>
            </td>
          </tr>
          <tr>
            <td style="width: 90%; vertical-align: top;">
              <div style="line-height: 1.25; font-family: 'Times New Roman', Times, serif;"><a href="#ABOUTCERAGONNETWORKSLTD.">ABOUT CERAGON NETWORKS LTD.</a></div>
            </td>
            <td style="width: 10%; vertical-align: top;">
              <div style="text-align: right; line-height: 1.25;">2</div>
            </td>
          </tr>
          <tr>
            <td style="width: 90%; vertical-align: top;">
              <div style="line-height: 1.25; font-family: 'Times New Roman', Times, serif;"><a href="#MATERIALCHANGES">MATERIAL CHANGES</a></div>
            </td>
            <td style="width: 10%; vertical-align: top; text-align: right;">4</td>
          </tr>
          <tr>
            <td style="width: 90%; vertical-align: top;">
              <div style="line-height: 1.25; font-family: 'Times New Roman', Times, serif;"><a href="#RISKFACTORS">RISK FACTORS</a></div>
            </td>
            <td style="width: 10%; vertical-align: top; text-align: right;">4</td>
          </tr>
          <tr>
            <td style="width: 90%; vertical-align: top;">
              <div style="line-height: 1.25; font-family: 'Times New Roman', Times, serif;"><a href="#NOTEREGARDING">NOTE REGARDING FORWARD-LOOKING STATEMENTS</a></div>
            </td>
            <td style="width: 10%; vertical-align: top; text-align: right;">4</td>
          </tr>
          <tr>
            <td style="width: 90%; vertical-align: top;">
              <div style="line-height: 1.25; font-family: 'Times New Roman', Times, serif;"><a href="#OFFERSTATISTICS">OFFER STATISTICS AND EXPECTED TIMETABLE</a></div>
            </td>
            <td style="width: 10%; vertical-align: top; text-align: right;">5</td>
          </tr>
          <tr>
            <td style="width: 90%; vertical-align: top;">
              <div style="line-height: 1.25; font-family: 'Times New Roman', Times, serif;"><a href="#CAPITALIZATION">CAPITALIZATION AND INDEBTEDNESS</a></div>
            </td>
            <td style="width: 10%; vertical-align: top; text-align: right;">5</td>
          </tr>
          <tr>
            <td style="width: 90%; vertical-align: top;">
              <div style="line-height: 1.25; font-family: 'Times New Roman', Times, serif;"><a href="#REASONSFORTHEOFFER">REASONS FOR THE OFFER AND&#160;USE OF PROCEEDS</a></div>
            </td>
            <td style="width: 10%; vertical-align: top; text-align: right;">5</td>
          </tr>
          <tr>
            <td style="width: 90%; vertical-align: top;">
              <div style="line-height: 1.25; font-family: 'Times New Roman', Times, serif;"><a href="#DESCRIPTIONOFORDINARYSHAR">DESCRIPTION OF ORDINARY SHARES</a></div>
            </td>
            <td style="width: 10%; vertical-align: top; text-align: right;">5</td>
          </tr>
          <tr>
            <td style="width: 90%; vertical-align: top;">
              <div style="line-height: 1.25; font-family: 'Times New Roman', Times, serif;"><a href="#DESCRIPTIONOFRIGHTS">DESCRIPTION OF RIGHTS</a></div>
            </td>
            <td style="width: 10%; vertical-align: top;">
              <div style="text-align: right; line-height: 1.25;">6</div>
            </td>
          </tr>
          <tr>
            <td style="width: 90%; vertical-align: top;">
              <div style="line-height: 1.25; font-family: 'Times New Roman', Times, serif;"><a href="#DESCRIPTIONOFWARRANTS">DESCRIPTION OF WARRANTS</a></div>
            </td>
            <td style="width: 10%; vertical-align: top;">
              <div style="text-align: right; line-height: 1.25;">7</div>
            </td>
          </tr>
          <tr>
            <td style="width: 90%; vertical-align: top;">
              <div style="line-height: 1.25; font-family: 'Times New Roman', Times, serif;"><a href="#DESCRIPTIONOFDEBTSECURITI">DESCRIPTION OF DEBT SECURITIES</a></div>
            </td>
            <td style="width: 10%; vertical-align: top;">
              <div style="text-align: right; line-height: 1.25;">8</div>
            </td>
          </tr>
          <tr>
            <td style="width: 90%; vertical-align: top;">
              <div style="line-height: 1.25; font-family: 'Times New Roman', Times, serif;"><a href="#DESCRIPTIONOFUNITS">DESCRIPTION OF UNITS</a></div>
            </td>
            <td style="width: 10%; vertical-align: top; text-align: right;">9</td>
          </tr>
          <tr>
            <td style="width: 90%; vertical-align: top;">
              <div style="line-height: 1.25; font-family: 'Times New Roman', Times, serif;"><a href="#PLANOFDISTRIBUTION">PLAN OF DISTRIBUTION</a></div>
            </td>
            <td style="width: 10%; vertical-align: top; text-align: right;">9</td>
          </tr>
          <tr>
            <td style="width: 90%; vertical-align: top;">
              <div style="line-height: 1.25; font-family: 'Times New Roman', Times, serif;"><a href="#EXPENSES">EXPENSES</a></div>
            </td>
            <td style="width: 10%; vertical-align: top; text-align: right;">10</td>
          </tr>
          <tr>
            <td style="width: 90%; vertical-align: top;">
              <div style="line-height: 1.25; font-family: 'Times New Roman', Times, serif;"><a href="#LEGALMATTERS">LEGAL MATTERS</a></div>
            </td>
            <td style="width: 10%; vertical-align: top; text-align: right;">11</td>
          </tr>
          <tr>
            <td style="width: 90%; vertical-align: top;">
              <div style="line-height: 1.25; font-family: 'Times New Roman', Times, serif;"><a href="#EXPERTS">EXPERTS</a></div>
            </td>
            <td style="width: 10%; vertical-align: top; text-align: right;">11</td>
          </tr>
          <tr>
            <td style="width: 90%; vertical-align: top;">
              <div style="line-height: 1.25; font-family: 'Times New Roman', Times, serif;"><a href="#WHEREYOUCAN">WHERE YOU CAN FIND MORE INFORMATION AND INCORPORATION OF CERTAIN INFORMATION BY REFERENCE</a></div>
            </td>
            <td style="width: 10%; vertical-align: top; text-align: right;">11</td>
          </tr>
          <tr>
            <td style="width: 90%; vertical-align: top;">
              <div style="line-height: 1.25; font-family: 'Times New Roman', Times, serif;"><a href="#ENFORCEABILITYOFCIVILLIAB">ENFORCEABILITY OF CIVIL LIABILITIES</a></div>
            </td>
            <td style="width: 10%; vertical-align: top; text-align: right;">12</td>
          </tr>

      </table>
      <div style="line-height: 1.25;"><br style="line-height: 1.25;">
      </div>
      <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" class="BRPFPageBreakArea">
        <div style="page-break-after: always;" class="BRPFPageBreak">
          <hr noshade="noshade" style="border-width: 0px; clear: both; margin: 4px 0px; width: 100%; height: 2px; color: #000000; background-color: #000000;"></div>
      </div>
      <!--PROfilePageNumberReset%Num%2%%%--><br>
      <div style="text-align: center; line-height: 1.25; font-weight: bold;"><a name="ABOUTTHISPROSPECTUS"><!--Anchor--></a>ABOUT THIS PROSPECTUS</div>
      <div style="text-align: center; line-height: 1.25; font-weight: bold;"> <br>
      </div>
      <div style="text-align: justify; text-indent: 36pt; line-height: 1.25;">This prospectus is part of a registration statement that we filed with the Securities and Exchange Commission, or the Commission, utilizing a &#8220;shelf&#8221; registration process.&#160; Under
        this shelf registration process, we may offer from time to time up to $150,000,000 in the aggregate of our ordinary shares, rights, warrants, debt securities or units, or combinations thereof, in one or more offerings.&#160;&#160;We will refer to our
        ordinary shares, rights, warrants, debt securities and units collectively as the &#8220;securities&#8221; throughout this prospectus.</div>
      <div style="line-height: 1.25">&#160;</div>
      <div style="text-align: justify; text-indent: 36pt; line-height: 1.25;">Each time we sell securities, we will provide you with a prospectus supplement that will describe the securities, the specific amounts, prices and terms of such offering. The
        prospectus supplement may also add, update or change information contained in this prospectus.&#160; You should read carefully both this prospectus and any prospectus supplement together with additional information described below under &#8220;Where You Can
        Find More Information and Incorporation of Certain Information by Reference.&#8221;</div>
      <div style="line-height: 1.25">&#160;</div>
      <div style="text-align: justify; text-indent: 36pt; line-height: 1.25;">This prospectus does not contain all of the information provided in the registration statement that we filed with the Commission.&#160; For further information about us or our
        securities, you should refer to that registration statement, which you can obtain from the Securities and Exchange Commission as described below under &#8220;Where You Can Find More Information and Incorporation of Certain Information by Reference.&#8221;</div>
      <div style="line-height: 1.25">&#160;</div>
      <div style="text-align: justify; text-indent: 36pt; line-height: 1.25;">You should rely only on the information contained or incorporated by reference in this prospectus or a prospectus supplement.&#160; We have not authorized any other person to provide
        you with different information.&#160; If anyone provides you with different or inconsistent information, you should not rely on it.&#160; This prospectus is not an offer to sell these securities and it is not soliciting an offer to buy these securities in
        any jurisdiction where the offer or sale is not permitted.&#160; You should not assume that the information contained in this prospectus and the accompanying prospectus supplement is accurate on any date subsequent to the date set forth on the front of
        the document or that any information that we have incorporated by reference is correct on any date subsequent to the date of the document incorporated by reference.&#160; Our business, financial condition, results of operations and prospects may have
        changed since those dates.</div>
      <div style="line-height: 1.25">&#160;</div>
      <div style="text-align: justify; text-indent: 36pt; line-height: 1.25;">In this prospectus, references to the terms &#8220;Ceragon,&#8221; &#8220;Company,&#8221; &#8220;we,&#8221; &#8220;our,&#8221; &#8220;us&#8221; and similar terms, refer to Ceragon Networks Ltd. and our wholly owned subsidiaries on a
        consolidated basis, unless we state or the context implies otherwise.</div>
      <div style="line-height: 1.25">&#160;</div>
      <div style="text-align: center; line-height: 1.25; font-weight: bold;"><a name="ABOUTCERAGONNETWORKSLTD."><!--Anchor--></a>ABOUT CERAGON NETWORKS LTD.</div>
      <div style="line-height: 1.25; font-style: italic; font-weight: bold;">Overview</div>
      <div style="line-height: 1.25">&#160;</div>
      <div style="text-align: justify; text-indent: 36pt; line-height: 1.25;">We are the leading wireless transport specialist company in terms of unit shipments and global distribution of our business, providing innovative high-capacity wireless
        connectivity solutions to global markets across various industries, mainly wireless (mobile) networks service providers.</div>
      <div style="line-height: 1.25">&#160;</div>
      <div style="text-align: justify; text-indent: 36pt; line-height: 1.25;">Wireless transport is a means for connecting mobile network sites (<font style="font-style: italic;">e.g.</font> cellular base stations in various architectures) to the rest of
        the network. It carries information to and from the cellular base stations. It is used as high-speed connectivity to telecom sites, typically when fiber optics wireline connectivity is not available and for its backup, or where and when rapid
        deployment is required. According to recent market research, about 45% of global telecom sites are connected to the rest of the network via wireless transport.</div>
      <div style="line-height: 1.25">&#160;</div>
      <div style="text-align: justify; text-indent: 36pt; line-height: 1.25;">Ceragon&#8217;s innovative technology related to the transition from Wireless SDH to Wireless IP, and the further transition to compact multi-core all-outdoor wireless backhaul
        solutions, assisted in positioning Ceragon as a leader in the global wireless transport market, and we expect that it would have potentially positioned us to benefit from new wireless generation transitions such as the current 5G evolution.</div>
      <div style="line-height: 1.25">&#160;</div>
      <div style="text-align: justify; text-indent: 36pt; line-height: 1.25;">In preparation for the transition from 4G to 5G technologies, we have begun planning the roll-out of new 5G-supporting products. In 2019, we introduced the market-first
        &#8220;disaggregated wireless transport&#8221; architecture, which allows operators to significantly simplify 5G network deployment and maintenance, as well as reduce of capital and operating expenses. Currently, we are investing in a new chipset which
        incorporates multi-cores in a chipset to be incorporated in products expected to be introduced in 2024.</div>
      <div style="line-height: 1.25">&#160;</div>
      <div style="text-align: justify; text-indent: 36pt; line-height: 1.25;">The term &#8216;wireless transport&#8217; refers to various types of network connectivity signaling and network protocols which vary in speeds and include (i) backhaul - used in 4G, 5G and
        earlier generations of mobile networks to send data packets between the network and the base-stations and between the base-stations to other network elements, and (ii) fronthaul - used in 4G and 5G networks to send radio signal values between
        building blocks of the base station, which can be separated from another across geographic site locations to achieve network efficiencies in some network scenarios.</div>
      <div style="line-height: 1.25">&#160;</div>
      <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" class="BRPFPageBreakArea">
        <div style="text-align: center;" class="BRPFPageNumberArea"><font style="font-weight: normal; font-style: normal;" class="BRPFPageNumber">2</font></div>
        <div style="page-break-after: always;" class="BRPFPageBreak">
          <hr noshade="noshade" style="border-width: 0px; clear: both; margin: 4px 0px; width: 100%; height: 2px; color: #000000; background-color: #000000;"></div>
      </div>
      <!--PROfilePageNumberReset%Num%2%%%-->
      <div style="text-align: justify; text-indent: 36pt; line-height: 1.25;">Wireless transport offers network operators a cost-efficient alternative to wire-line connectivity between network nodes at different sites, mainly fiber optics. Support for high
        broadband speeds and very large numbers of devices, means that all value-added services can be supported, while the high reliability of wireless systems provide for lower maintenance costs. Because they require no trenching, wireless transport
        links can also be set up much faster and at a fraction of the cost of fiber solutions. On the customer&#8217;s side, this translates into an increase in operational efficiency and faster time-to-market, as well as a shorter timetable to achieving new
        revenue streams.</div>
      <div style="line-height: 1.25">&#160;</div>
      <div style="text-align: justify; text-indent: 36pt; line-height: 1.25;">&#160;We provide wireless transport solutions and services that enable cellular operators, other service providers and private networks to build new networks and evolve networks
        towards 4G and 5G services. The services provided over these networks are: voice, mobile and fixed broadband, multimedia, Industrial/Machine-to-Machine (M2M), Internet of Things (IoT) connectivity, public safety and other mission critical services.
        We also provide our solutions for wireless transport to other vertical markets such as Internet service providers, public safety, utilities, oil and gas offshore drilling platforms, as well as maritime communications. Our wireless transport
        solutions use microwave and millimeter-wave radio technologies to transfer large amounts of telecommunication traffic between wireless 5G, 4G, 3G and other cellular base station technologies (distributed, or centralized with dispersed remote radio
        heads) and the core of the service provider&#8217;s network. We are also a member of industry consortiums of companies, which attempt to better define future technologies in ICT (Information and Communication Technologies) markets, such as Open
        Networking Foundation (ONF), Metro Ethernet Forum (MEF), European Telecommunications Standards Institute (ETSI), Telecom Infra Project (TIP) and others.</div>
      <div style="line-height: 1.25">&#160;</div>
      <div style="text-align: justify; text-indent: 36pt; line-height: 1.25;">In addition to providing our solutions, we also offer our customers a comprehensive set of turn-key services, including advanced network and radio planning, site survey,
        solutions development, network rollout, maintenance, wireless transport network audit and optimization, and training. To enable delivery of turn-key solutions to our customers, in addition to providing roll-out services, we have partnered with
        other third-party providers of technologies complementary to our own. Our offering includes technologies such as: Unlicensed Point-to-Point, Private Long-Term Evolution (LTE), Licensed/unlicensed Point-to-Multipoint, Internet
        Protocol/Multi-Protocol label Switching (IP/MPLS) SW and/or white boxes and others. This allows us to better cover our customers&#8217; end-to-end needs and increases the level of stickiness with these customers. Our services include powerful project
        management tools such as our &#8220;InSide Software&#8221; tool that streamline deployments of complex wireless networks, thereby reducing time and costs associated with network set-up and allowing a fast time-to-revenue. Our experienced teams can deploy
        hundreds of wireless transport links every week, and our rollout project track record includes hundreds of thousands of links already installed and operational with a variety of industry-leading operators.</div>
      <div style="line-height: 1.25">&#160;</div>
      <div style="text-align: justify; text-indent: 36pt; line-height: 1.25;">Designed for any network scenario, including risk-free flexible migration from current and legacy network technologies and architectures to evolving standards and network
        transport scenarios, our solutions provide ultra-high-speed connectivity at any distance, be it a few kilometers or tens of kilometers, and even longer, over any available spectrum (or combinations of available spectrum bands) and in any site and
        network architecture. Our solutions support all wireless access technologies, including 5G-NR NSA, 5G-NR SALTE, HSPA, EV-DO, CDMA, W-CDMA, WIFI and GSM as well as Tetra, P.25 and LMR for critical communications. These solutions allow wireless
        service providers to cost-effectively and seamlessly evolve their networks from a monolithic base-station architecture to an open radio access network (RAN) architecture, utilizing vertical and horizontal disaggregation, allowing them extra
        flexibility, scalability and efficiency, thereby meeting the increasing demand of a growing number of connections of any type for consumers and enterprises with growing needs for mobile and other multimedia services, and a growing number of
        machines or IoT devices such as street surveillance devices or meters.</div>
      <div style="line-height: 1.25">&#160;</div>
      <div style="text-align: justify; text-indent: 36pt; line-height: 1.25;">We also provide our solutions to other non-carrier vertical markets (private networks) such as oil and gas companies, public safety organizations, businesses and public
        institutions, broadcasters, energy utilities and others that operate their own private communications networks. Our solutions are deployed by more than 600 service providers of all sizes, as well as in more than 1,600 private networks, in more than
        approximately 130 countries.</div>
      <div style="line-height: 1.25">&#160;</div>
      <div style="line-height: 1.25; font-style: italic; font-weight: bold;">Corporate Information</div>
      <div style="line-height: 1.25">&#160;</div>
      <div style="text-align: justify; text-indent: 36pt; line-height: 1.25;">We were incorporated under the laws of the State of Israel on July 23, 1996 as Giganet Ltd. We changed our name to Ceragon Networks Ltd. on September 6, 2000. We operate under
        the Companies Law, our registered office is located at 3 Uri Ariav St., Bldg. A (7th Floor), PO Box 112, Rosh Ha&#8217;Ayin, Israel, 4810002, and our telephone number is +972-3-543-1000. Our U.S. subsidiary and North American headquarters, Ceragon
        Networks, Inc., is located at 851 International Parkway, Suite 1340, Richardson, Tx 75081 and the telephone number is (201) 845-6955. Ceragon&#8217;s Internet address is www.ceragon.com. The information on our website is not incorporated by reference
        into this prospectus and should not be relied upon with respect to this offering.</div>
      <div style="line-height: 1.25">&#160;</div>
      <div style="text-align: justify; text-indent: 36pt; line-height: 1.25;">For a full and comprehensive description of our business, markets and product lines, see our most recent Annual Report on Form 20-F and any updates in our Reports of Foreign
        Private Issuer on Form 6-K, to the extent that they are incorporated herein by reference.</div>
      <div style="line-height: 1.25">&#160;</div>
      <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" class="BRPFPageBreakArea">
        <div style="text-align: center;" class="BRPFPageNumberArea"><font style="font-family: 'Times New Roman',Times,serif; font-weight: normal; font-style: normal;" class="BRPFPageNumber">3</font></div>
        <div style="page-break-after: always;" class="BRPFPageBreak">
          <hr noshade="noshade" style="border-width: 0px; clear: both; margin: 4px 0px; width: 100%; height: 2px; color: #000000; background-color: #000000;"></div>
      </div>
      <div style="text-align: center; line-height: 1.25; font-weight: bold;"><a name="MATERIALCHANGES"><!--Anchor--></a>MATERIAL CHANGES</div>
      <div style="text-align: center; line-height: 1.25; font-weight: bold;"> <br>
      </div>
      <div style="text-align: justify; text-indent: 36pt; line-height: 1.25;">Except as otherwise described in our Annual Report on Form 20-F for the fiscal year ended December 31, 2022, and in our Reports of Foreign Private Issuer on Form 6-K filed under
        the Securities Exchange Act of 1934, as amended, or the Exchange Act and incorporated by reference or disclosed herein, no reportable material changes have occurred since December 31, 2022.</div>
      <div style="line-height: 1.25">&#160;</div>
      <div style="text-align: center; line-height: 1.25; font-weight: bold;"><a name="RISKFACTORS"><!--Anchor--></a>RISK FACTORS</div>
      <div style="text-align: center; line-height: 1.25; font-weight: bold;"> <br>
      </div>
      <div style="text-align: justify; text-indent: 36pt; line-height: 1.25;">Before making an investment decision, you should carefully consider the risks described under &#8220;Risk Factors&#8221; in the applicable prospectus supplement and in our Annual Report on
        Form 20-F for the fiscal year ended December 31, 2022, or any updates in our Reports of Foreign Private Issuer on Form 6-K, together with all of the other information appearing in this prospectus or incorporated by reference into this prospectus
        and any applicable prospectus supplement, in light of your particular investment objectives and financial circumstances. For a description of those reports and documents, and information about where you can find them, please see &#8220;Where You Can Find
        More Information and Incorporation of Certain Information.&#8221; The risks so described are not the only risks facing our company. Additional risks not presently known to us or that we currently deem immaterial may also impair our business operations.&#160;
        Our business, financial condition and results of operations could be materially adversely affected by any of these risks.&#160;The trading price of our securities could decline due to any of these risks, and you may lose all or part of your investment.</div>
      <div style="line-height: 1.25">&#160;</div>
      <div style="text-align: center; line-height: 1.25; font-weight: bold;"><a name="NOTEREGARDING"><!--Anchor--></a>NOTE REGARDING FORWARD-LOOKING STATEMENTS</div>
      <div style="line-height: 1.25">&#160;</div>
      <div style="text-align: justify; text-indent: 36pt; line-height: 1.25;">This prospectus contains, and any accompanying prospectus supplement will contain, &#8220;forward-looking statements&#8221; within the meaning of the Securities Act of 1933, as amended, or
        the Securities Act, and the Exchange Act, and the safe-harbor provisions of the Private Securities Litigation Reform Act of 1995.&#160;Also, documents that we incorporate by reference into this prospectus, including documents that we subsequently file
        with the Commission, will contain forward-looking statements.&#160; Forward-looking statements are those that predict or describe future events or trends and that do not relate solely to historical matters. We have based these forward-looking statements
        on our current expectations and projections about future events.</div>
      <div style="line-height: 1.25">&#160;</div>
      <div style="text-align: justify; text-indent: 36pt; line-height: 1.25;">Forward-looking statements can be identified by the use of terminology such as &#8220;may,&#8221; &#8220;will,&#8221; &#8220;assume,&#8221; &#8220;expect,&#8221; &#8220;anticipate,&#8221; &#8220;estimate,&#8221; &#8220;continue,&#8221; &#8220;believe,&#8221; &#8220;potential,&#8221;
        &#8220;possible,&#8221; &#8220;intend,&#8221; and similar expressions or negatives of those expressions that are intended to identify forward-looking statements, although not all forward-looking statements contain these identifying words.&#160; All statements contained or
        incorporated by reference in this prospectus and any prospectus supplement regarding our future strategy, future expectations, plans and events, future operations, projected financial position, proposed products, estimated future revenues,
        projected costs, future prospects, the future of our industry and results that might be obtained by pursuing management&#8217;s current plans and objectives, projections of results of operations or of financial condition, are &#8220;forward-looking
        statements&#8221;.</div>
      <div style="line-height: 1.25">&#160;</div>
      <div style="text-align: justify; text-indent: 36pt; line-height: 1.25;">You should not place undue reliance on our forward-looking statements because the matters they describe are subject to certain risks, uncertainties and assumptions that are
        difficult to predict, and they involve known and unknown risks and uncertainties that may cause our the actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied
        by such forward-looking statements. Our forward-looking statements are based on the information currently available to us and speak only as of the date on the cover of this prospectus, the date of any prospectus supplement, or, in the case of
        forward-looking statements incorporated by reference, the date of the filing that includes the statement. Over time, our actual results, performance or achievements may differ from those expressed or implied by our forward-looking statements, and
        such difference might be significant and materially adverse to our security holders. We undertake no obligation to update publicly any forward-looking statements, whether as a result of new information, future events or otherwise.</div>
      <div style="line-height: 1.25">&#160;</div>
      <div style="text-align: justify; text-indent: 36pt; line-height: 1.25;">We have identified some of the important factors that could cause future events to differ from our current expectations and they are described in this prospectus and supplements
        to this prospectus under the caption &#8220;Risk Factors,&#8221; as well as in our most recent Annual Report on Form 20-F, including without limitation under the captions &#8220;Item 3. Key Information - D. Risk Factors,&#8221; the information about us set forth under
        Item 4. &#8220;INFORMATION ON THE COMPANY&#8221; and information related to our financial condition under Item 5. &#8220;OPERATING AND FINANCIAL REVIEW AND PROSPECTS&#8221;, in our most recent Annual Report on Form 20-F generally, and in other documents that we may file
        with the Commission, all of which you should review carefully.&#160; Please consider our forward-looking statements in light of those risks as you read this prospectus and any prospectus supplement.</div>
      <div style="line-height: 1.25">&#160;</div>
      <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" class="BRPFPageBreakArea">
        <div style="text-align: center;" class="BRPFPageNumberArea"><font style="font-family: 'Times New Roman',Times,serif; font-weight: normal; font-style: normal;" class="BRPFPageNumber">4</font></div>
        <div style="page-break-after: always;" class="BRPFPageBreak">
          <hr noshade="noshade" style="border-width: 0px; clear: both; margin: 4px 0px; width: 100%; height: 2px; color: #000000; background-color: #000000;"></div>
      </div>
      <div style="text-align: center; line-height: 1.25; font-weight: bold;"><a name="OFFERSTATISTICS"><!--Anchor--></a>OFFER STATISTICS AND EXPECTED TIMETABLE</div>
      <div style="text-align: center; line-height: 1.25; font-weight: bold;"> <br>
      </div>
      <div style="text-align: justify; text-indent: 36pt; line-height: 1.25;">We may offer and sell from time to time pursuant to this prospectus (as may be detailed in prospectus supplements) an indeterminate number of securities as shall have a maximum
        aggregate offering price of $150,000,000.&#160;&#160;The actual per share price of the securities that we will offer pursuant hereto will depend on a number of factors that may be relevant as of the time of offer (see &#8220;Plan of Distribution&#8221; below).</div>
      <div style="line-height: 1.25">&#160;</div>
      <div style="text-align: center; line-height: 1.25; font-weight: bold;"><a name="CAPITALIZATION"><!--Anchor--></a>CAPITALIZATION AND INDEBTEDNESS</div>
      <div style="line-height: 1.25">&#160;</div>
      <div style="text-align: justify; text-indent: 36pt; line-height: 1.25;">The following table sets forth, on the basis of generally accepted accounting principles in the United States, our consolidated capitalization and indebtedness as of December 31,
        2022. There has been no material change in the Company&#8217;s capitalization and indebtedness since December 31, 2022:</div>
      <div style="line-height: 1.25">&#160;</div>
      <table cellspacing="0" cellpadding="0" border="0" align="center" style="width: 85%; color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; text-align: left;" id="z7362bf07889f4819ac4ea898c6e8d7df" class="cfttable">

          <tr>
            <td valign="bottom" style="vertical-align: bottom; padding-bottom: 2px;">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; padding-bottom: 2px;" colspan="1" class="cftguttercell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);" colspan="2">
              <div style="text-align: center; line-height: 1.25; font-family: 'Times New Roman',Times,serif; font-weight: bold;">U.S. Dollars</div>
              <div style="text-align: center; line-height: 1.25; font-family: 'Times New Roman',Times,serif; font-weight: bold;">(In thousands)</div>
            </td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; padding-bottom: 2px;" colspan="1" class="cftfncell">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: bottom; background-color: #CCEEFF; width: 88%;">
              <div style="line-height: 1.25;">Short-term borrowings</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1" class="cftguttercell">&#160;</td>
            <td valign="bottom" style="background-color: rgb(204, 238, 255); vertical-align: bottom; width: 1%;" colspan="1" class="cftcurrcell">&#160;</td>
            <td valign="bottom" style="background-color: rgb(204, 238, 255); vertical-align: bottom; text-align: right; width: 9%;" colspan="1" class="cftnumcell">
              <div style="line-height: 1.25;">37,500</div>
            </td>
            <td valign="bottom" nowrap="nowrap" style="background-color: rgb(204, 238, 255); vertical-align: bottom; width: 1%;" colspan="1" class="cftfncell">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: bottom; width: 88%;">
              <div style="line-height: 1.25;">Long-term borrowings</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: 9%;" colspan="1" class="cftnumcell">
              <div style="line-height: 1.25;">-</div>
            </td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%;" colspan="1" class="cftfncell">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: bottom; background-color: rgb(204, 238, 255); width: 88%;">
              <div style="line-height: 1.25;">Shareholders&#8217; equity:</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1" class="cftguttercell">&#160;</td>
            <td valign="bottom" style="background-color: rgb(204, 238, 255); vertical-align: bottom; width: 1%;" colspan="1" class="cftcurrcell">&#160;</td>
            <td valign="bottom" style="background-color: rgb(204, 238, 255); vertical-align: bottom; text-align: right; width: 9%;" colspan="1" class="cftnumcell">&#160;</td>
            <td valign="bottom" nowrap="nowrap" style="background-color: rgb(204, 238, 255); vertical-align: bottom; width: 1%;" colspan="1" class="cftfncell">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: bottom; width: 88%;">
              <div style="line-height: 1.25; margin-left: 27pt;">Share capital -</div>
              <div style="line-height: 1.25; margin-left: 27pt;">Ordinary shares, NIS 0.01 par value, authorized 120,000,000 shares;</div>
              <div style="line-height: 1.25; margin-left: 27pt;">Issued 87,834,902, outstanding 84,353,379</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: 9%;" colspan="1" class="cftnumcell">
              <div style="line-height: 1.25;">224</div>
            </td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%;" colspan="1" class="cftfncell">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: bottom; background-color: rgb(204, 238, 255); width: 88%; padding-bottom: 2px;">
              <div style="line-height: 1.25;">Additional paid-in capital</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; background-color: rgb(204, 238, 255);" colspan="1" class="cftguttercell">&#160;</td>
            <td valign="bottom" style="background-color: rgb(204, 238, 255); vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1" class="cftcurrcell">&#160;</td>
            <td valign="bottom" style="background-color: rgb(204, 238, 255); vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1" class="cftnumcell">
              <div style="line-height: 1.25;">432,214</div>
            </td>
            <td valign="bottom" nowrap="nowrap" style="background-color: rgb(204, 238, 255); vertical-align: bottom; width: 1%; padding-bottom: 2px;" colspan="1" class="cftfncell">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: bottom; width: 88%; padding-bottom: 2px;">
              <div style="line-height: 1.25;">Accumulated other comprehensive loss</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" colspan="1" class="cftguttercell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1" class="cftcurrcell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1" class="cftnumcell">
              <div style="line-height: 1.25;">(11,156</div>
            </td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" colspan="1" class="cftfncell">
              <div style="line-height: 1.25;">)</div>
            </td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: bottom; width: 88%; padding-bottom: 2px; background-color: rgb(204, 238, 255);">
              <div style="line-height: 1.25;">Retained earnings (losses)</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; background-color: rgb(204, 238, 255);" colspan="1" class="cftguttercell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);" colspan="1" class="cftcurrcell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);" colspan="1" class="cftnumcell">
              <div style="line-height: 1.25;">(281,408</div>
            </td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; background-color: rgb(204, 238, 255);" colspan="1" class="cftfncell">
              <div style="line-height: 1.25;">)</div>
            </td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: bottom; width: 88%;">
              <div style="line-height: 1.25;">Total shareholders&#8217; equity before treasury stock</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: 9%;" colspan="1" class="cftnumcell">&#160;</td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%;" colspan="1" class="cftfncell">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: bottom; width: 88%; padding-bottom: 2px; background-color: rgb(204, 238, 255);">
              <div style="line-height: 1.25;">Treasury stock at cost</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; background-color: rgb(204, 238, 255);" colspan="1" class="cftguttercell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);" colspan="1" class="cftcurrcell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);" colspan="1" class="cftnumcell">
              <div style="line-height: 1.25;">(20,091</div>
            </td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; background-color: rgb(204, 238, 255);" colspan="1" class="cftfncell">
              <div style="line-height: 1.25;">)</div>
            </td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: bottom; width: 88%; padding-bottom: 2px;">
              <div style="line-height: 1.25;">Total shareholders' equity</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" colspan="1" class="cftguttercell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1" class="cftcurrcell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1" class="cftnumcell">
              <div style="line-height: 1.25;">119,783</div>
            </td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" colspan="1" class="cftfncell">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: bottom; width: 88%; padding-bottom: 2px; background-color: rgb(204, 238, 255);">
              <div style="line-height: 1.25;">
                <div style="line-height: 1.25;">Total capitalization and indebtedness</div>
              </div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; background-color: rgb(204, 238, 255);" colspan="1" class="cftguttercell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);" colspan="1" class="cftcurrcell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);" colspan="1" class="cftnumcell">
              <div style="line-height: 1.25;">157,283</div>
            </td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; background-color: rgb(204, 238, 255);" colspan="1" class="cftfncell">&#160;</td>
          </tr>

      </table>
      <div style="line-height: 1.25;"><br style="line-height: 1.25;">
      </div>
      <div style="text-align: center; margin-left: 21.3pt; line-height: 1.25; font-weight: bold;"><a name="REASONSFORTHEOFFER"><!--Anchor--></a>REASONS FOR THE OFFER AND&#160;USE OF PROCEEDS</div>
      <div style="text-align: center; margin-left: 21.3pt; line-height: 1.25; font-weight: bold;"> <br>
      </div>
      <div style="text-align: justify; text-indent: 36pt; margin-left: 21.3pt; line-height: 1.25;">Our management will have broad discretion over the use of the net proceeds from the sale of our securities pursuant to this prospectus.&#160;&#160;Unless otherwise
        indicated in any accompanying prospectus supplement, we currently intend to use the net proceeds from the sale of the securities offered pursuant to this prospectus for general corporate purposes and working capital requirements.&#160;Pending use of the
        proceeds, we intend to invest the proceeds in portfolios of investment grade corporate and government securities.</div>
      <div style="line-height: 1.25">&#160;</div>
      <div style="text-align: center; line-height: 1.25; font-weight: bold;"><a name="DESCRIPTIONOFORDINARYSHAR"><!--Anchor--></a>DESCRIPTION OF ORDINARY SHARES</div>
      <div style="text-align: center; line-height: 1.25; font-weight: bold;"> <br>
      </div>
      <div style="text-align: justify; text-indent: 36pt; line-height: 1.25;">The primary trading market for our ordinary shares is the Nasdaq Global Market, where our ordinary shares are listed and traded under the symbol "CRNT".</div>
      <div style="line-height: 1.25">&#160;</div>
      <div style="text-align: justify; text-indent: 36pt; line-height: 1.25;">A description of our ordinary shares can be found in Exhibit 2.1 to our Annual Report on Form 20-F&#160; for the fiscal year ended December 31, 2022, which description is incorporated
        herein by reference.</div>
      <div style="line-height: 1.25">&#160;</div>
      <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" class="BRPFPageBreakArea">
        <div style="text-align: center;" class="BRPFPageNumberArea"><font style="font-family: 'Times New Roman',Times,serif; font-weight: normal; font-style: normal;" class="BRPFPageNumber">5</font></div>
        <div style="page-break-after: always;" class="BRPFPageBreak">
          <hr noshade="noshade" style="border-width: 0px; clear: both; margin: 4px 0px; width: 100%; height: 2px; color: #000000; background-color: #000000;"></div>
      </div>
      <div style="line-height: 1.25"> <br>
      </div>
      <div style="text-align: center; line-height: 1.25; font-weight: bold;"><a name="DESCRIPTIONOFRIGHTS"><!--Anchor--></a>DESCRIPTION OF RIGHTS</div>
      <div style="text-align: center; line-height: 1.25; font-weight: bold;"> <br>
      </div>
      <div style="line-height: 1.25; font-weight: bold;">General</div>
      <div style="line-height: 1.25">&#160;</div>
      <div style="text-align: justify; text-indent: 36pt; line-height: 1.25;">We may issue rights to purchase any of our securities or any combination thereof.&#160;&#160;Rights may be issued independently or together with any other offered security and may or may
        not be transferable by the person purchasing or receiving the rights. In connection with any rights offering to our shareholders, we may enter into a standby underwriting arrangement with one or more underwriters pursuant to which such underwriters
        will purchase any offered securities remaining unsubscribed for after such rights offering. We may also appoint a rights agent that may act solely as our agent in connection with the rights that are sold.&#160;No such agent will assume any obligation or
        relationship of agency or trust with any of the holders of the rights.&#160; In connection with a rights offering to our shareholders, we will distribute certificates evidencing the rights and a prospectus supplement to our shareholders on the record
        date that we set for receiving rights in such rights offering.</div>
      <div style="line-height: 1.25">&#160;</div>
      <div style="text-align: justify; text-indent: 36pt; line-height: 1.25;">The applicable prospectus supplement will describe the following terms of rights in respect of which this prospectus is being delivered:</div>
      <div style="line-height: 1.25">&#160;</div>
      <table cellspacing="0" cellpadding="0" id="z4ec21a9382f94b40946e9605a000fd2b" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

          <tr>
            <td style="width: 36pt;"><br>
            </td>
            <td style="width: 17.85pt; vertical-align: top;">&#8226;</td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div>the title of such rights;</div>
            </td>
          </tr>

      </table>
      <div style="line-height: 1.25">&#160;</div>
      <table cellspacing="0" cellpadding="0" id="z6c2d222baa3f4eeab066ec4d4de376f7" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

          <tr>
            <td style="width: 36pt;"><br>
            </td>
            <td style="width: 17.85pt; vertical-align: top;">&#8226;</td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div>the securities for which such rights are exercisable;</div>
            </td>
          </tr>

      </table>
      <div style="line-height: 1.25">&#160;</div>
      <table cellspacing="0" cellpadding="0" id="z200f4bf3daff43fdbb68128865c44311" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

          <tr>
            <td style="width: 36pt;"><br>
            </td>
            <td style="width: 17.85pt; vertical-align: top;">&#8226;</td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div>the exercise price for such rights;</div>
            </td>
          </tr>

      </table>
      <div style="line-height: 1.25">&#160;</div>
      <table cellspacing="0" cellpadding="0" id="zdea10d05667e43f48a69f0c68e6eaa57" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

          <tr>
            <td style="width: 36pt;"><br>
            </td>
            <td style="width: 17.85pt; vertical-align: top;">&#8226;</td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div>the number of such rights issued with respect to each ordinary share;</div>
            </td>
          </tr>

      </table>
      <div style="line-height: 1.25">&#160;</div>
      <table cellspacing="0" cellpadding="0" id="z44fe9bde77fe4860bb51175bcdfb768d" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

          <tr>
            <td style="width: 36pt;"><br>
            </td>
            <td style="width: 17.85pt; vertical-align: top;">&#8226;</td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div>the extent to which such rights are transferable;</div>
            </td>
          </tr>

      </table>
      <div style="line-height: 1.25">&#160;</div>
      <table cellspacing="0" cellpadding="0" id="zbac1c84d7f4944da951a91a9fd9caf6b" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

          <tr>
            <td style="width: 36pt;"><br>
            </td>
            <td style="width: 17.85pt; vertical-align: top;">&#8226;</td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div>if applicable, a discussion of the material income tax considerations applicable to the issuance or exercise of such rights;</div>
            </td>
          </tr>

      </table>
      <div style="line-height: 1.25">&#160;</div>
      <table cellspacing="0" cellpadding="0" id="z1500c75fd1e6401d916311da5b058a7c" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

          <tr>
            <td style="width: 36pt;"><br>
            </td>
            <td style="width: 17.85pt; vertical-align: top;">&#8226;</td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div>the date on which the right to exercise such rights shall commence, and the date on which such rights shall expire (subject to any extension);</div>
            </td>
          </tr>

      </table>
      <div style="line-height: 1.25">&#160;</div>
      <table cellspacing="0" cellpadding="0" id="z9777c325d1e74960b0fc6daaf6b01e5c" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

          <tr>
            <td style="width: 36pt;"><br>
            </td>
            <td style="width: 17.85pt; vertical-align: top;">&#8226;</td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div>the extent to which such rights include an over-subscription privilege with respect to unsubscribed securities;</div>
            </td>
          </tr>

      </table>
      <div style="line-height: 1.25">&#160;</div>
      <table cellspacing="0" cellpadding="0" id="z0c0977c7567548e1956ce1efb1a8e316" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

          <tr>
            <td style="width: 36pt;"><br>
            </td>
            <td style="width: 17.85pt; vertical-align: top;">&#8226;</td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div>if applicable, the material terms of any standby underwriting or other purchase arrangement, or any agency agreement, that we may enter into in connection with the rights offering; and</div>
            </td>
          </tr>

      </table>
      <div style="line-height: 1.25">&#160;</div>
      <table cellspacing="0" cellpadding="0" id="z68bcdc414b834ab5aa099ed98d52f0c5" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

          <tr>
            <td style="width: 36pt;"><br>
            </td>
            <td style="width: 17.85pt; vertical-align: top;">&#8226;</td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div>any other terms of such rights, including terms, procedures and limitations relating to the exchange and exercise of such rights.</div>
            </td>
          </tr>

      </table>
      <div style="line-height: 1.25">&#160;</div>
      <div style="line-height: 1.25; font-weight: bold;">Exercise of Rights</div>
      <div style="line-height: 1.25">&#160;</div>
      <div style="text-align: justify; text-indent: 36pt; line-height: 1.25;">Each right will entitle the holder of the right to purchase for cash such securities or any combination thereof at such exercise price as shall in each case be set forth in, or
        be determinable as set forth in, the prospectus supplement relating to the rights offered thereby.&#160;Rights may be exercised at any time up to the close of business on the expiration date for such rights set forth in the prospectus supplement. After
        the close of business on the expiration date, all unexercised rights will become void.</div>
      <div style="line-height: 1.25">&#160;</div>
      <div style="text-align: justify; text-indent: 36pt; line-height: 1.25;">Rights may be exercised as set forth in the prospectus supplement relating to the rights offered thereby. Upon receipt of payment and the rights certificate properly completed
        and duly executed at the corporate trust office of the rights agent or any other office indicated in the prospectus supplement, we will forward, as soon as practicable, the securities purchasable upon such exercise.&#160;We may determine to offer any
        unsubscribed offered securities directly to persons other than shareholders, to or through agents, underwriters or dealers or through a combination of such methods, including pursuant to standby underwriting arrangements, as set forth in the
        applicable prospectus supplement.</div>
      <div style="line-height: 1.25">&#160;</div>
      <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" class="BRPFPageBreakArea">
        <div style="text-align: center;" class="BRPFPageNumberArea"><font style="font-family: 'Times New Roman',Times,serif; font-weight: normal; font-style: normal;" class="BRPFPageNumber">6</font></div>
        <div style="page-break-after: always;" class="BRPFPageBreak">
          <hr noshade="noshade" style="border-width: 0px; clear: both; margin: 4px 0px; width: 100%; height: 2px; color: #000000; background-color: #000000;"></div>
      </div>
      <div style="text-align: center; line-height: 1.25; font-weight: bold;"><a name="DESCRIPTIONOFWARRANTS"><!--Anchor--></a>DESCRIPTION OF WARRANTS</div>
      <div style="text-align: center; line-height: 1.25; font-weight: bold;"> <br>
      </div>
      <div style="text-align: justify; text-indent: 36pt; line-height: 1.25;">We may issue warrants to purchase any of our securities. We may issue warrants independently or together with any other securities offered by any prospectus supplement and the
        warrants may be attached to or separate from those securities. Any series of warrants may be issued under a separate warrant agreement, which may be entered into between us and a warrant agent specified in a prospectus supplement. Any such warrant
        agent will act solely as our agent in connection with the warrants of such series and will not assume any obligation or relationship of agency or trust with any of the holders of the warrants. We will set forth further terms of the warrants and any
        applicable warrant agreements in the applicable prospectus supplement relating to the issuance of any warrants, including, where applicable, the following:</div>
      <div style="line-height: 1.25">&#160;</div>
      <table cellspacing="0" cellpadding="0" id="z147c195932a34e9ebc2571fe7e9a84fa" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

          <tr>
            <td style="width: 36pt;"><br>
            </td>
            <td style="width: 17.85pt; vertical-align: top;">&#8226;</td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div>the title of the warrants;</div>
            </td>
          </tr>

      </table>
      <div style="line-height: 1.25">&#160;</div>
      <table cellspacing="0" cellpadding="0" id="z1bc7bf595a174a6a826a67da83eb7563" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

          <tr>
            <td style="width: 36pt;"><br>
            </td>
            <td style="width: 17.85pt; vertical-align: top;">&#8226;</td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div>the aggregate number of the warrants;</div>
            </td>
          </tr>

      </table>
      <div style="line-height: 1.25">&#160;</div>
      <table cellspacing="0" cellpadding="0" id="z3636f1d69ac6427cb35f7a2fba28772c" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

          <tr>
            <td style="width: 36pt;"><br>
            </td>
            <td style="width: 17.85pt; vertical-align: top;">&#8226;</td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div>the number and type of securities purchasable upon exercise of the warrants;</div>
            </td>
          </tr>

      </table>
      <div style="line-height: 1.25">&#160;</div>
      <table cellspacing="0" cellpadding="0" id="zcb6b9a7264cc47288d4f5e623d64defc" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

          <tr>
            <td style="width: 36pt;"><br>
            </td>
            <td style="width: 17.85pt; vertical-align: top;">&#8226;</td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div>the designation and terms of the securities, if any, with which the warrants are issued and the number of the warrants issued with each such offered security;</div>
            </td>
          </tr>

      </table>
      <div style="line-height: 1.25">&#160;</div>
      <table cellspacing="0" cellpadding="0" id="zdf04e31b301e4934a56038f7b631db27" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

          <tr>
            <td style="width: 36pt;"><br>
            </td>
            <td style="width: 17.85pt; vertical-align: top;">&#8226;</td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div>the date, if any, on and after which the warrants and the related securities will be separately transferable;</div>
            </td>
          </tr>

      </table>
      <div style="line-height: 1.25">&#160;</div>
      <table cellspacing="0" cellpadding="0" id="ze2a5775a31ab4c799fe8a8655ed0c871" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

          <tr>
            <td style="width: 36pt;"><br>
            </td>
            <td style="width: 17.85pt; vertical-align: top;">&#8226;</td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div>the price at which, and form of consideration for which, each security purchasable upon exercise of the warrants may be purchased;</div>
            </td>
          </tr>

      </table>
      <div style="line-height: 1.25">&#160;</div>
      <table cellspacing="0" cellpadding="0" id="z1c3a7c94e8194df2ab57a6818b668943" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

          <tr>
            <td style="width: 36pt;"><br>
            </td>
            <td style="width: 17.85pt; vertical-align: top;">&#8226;</td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div>the date on which the right to exercise the warrants will commence and the date on which the right will expire;</div>
            </td>
          </tr>

      </table>
      <div style="line-height: 1.25">&#160;</div>
      <table cellspacing="0" cellpadding="0" id="za7d6f91fabba41d78e962a33c380c0ea" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

          <tr>
            <td style="width: 36pt;"><br>
            </td>
            <td style="width: 17.85pt; vertical-align: top;">&#8226;</td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div>the minimum or maximum amount of the warrants which may be exercised at any one time;</div>
            </td>
          </tr>

      </table>
      <div style="line-height: 1.25">&#160;</div>
      <table cellspacing="0" cellpadding="0" id="zf04cee1a4ed14ed0bea191048d325cc6" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

          <tr>
            <td style="width: 36pt;"><br>
            </td>
            <td style="width: 17.85pt; vertical-align: top;">&#8226;</td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div>any circumstances that will cause the warrants to be deemed to be automatically exercised;&#160;and</div>
            </td>
          </tr>

      </table>
      <div style="line-height: 1.25">&#160;</div>
      <table cellspacing="0" cellpadding="0" id="z8f5ff0cc9c344b0c95eb29955e5d76f3" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

          <tr>
            <td style="width: 36pt;"><br>
            </td>
            <td style="width: 17.85pt; vertical-align: top;">&#8226;</td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div>any other material terms of the warrants.</div>
            </td>
          </tr>

      </table>
      <div style="line-height: 1.25">&#160;</div>
      <div style="text-align: center; line-height: 1.25; font-weight: bold;"><a name="DESCRIPTIONOFDEBTSECURITI"><!--Anchor--></a>DESCRIPTION OF DEBT SECURITIES</div>
      <div style="text-align: center; line-height: 1.25; font-weight: bold;"> <br>
      </div>
      <div style="text-align: justify; text-indent: 36pt; line-height: 1.25;">We may issue debt securities together with other securities or separately, as described in the applicable prospectus supplement, under an indenture with the trustee identified in
        the applicable prospectus supplement. The terms of the debt securities will include those stated in the indenture and those made part of the indenture by reference to the Trust Indenture Act of 1939, as in effect on the date of the indenture. The
        indenture will be subject to and governed by the terms of the Trust Indenture Act of 1939.&#160; We have filed a form of the indenture as an exhibit to the registration statement of which this prospectus is a part.</div>
      <div style="text-align: justify; text-indent: 36pt; line-height: 1.25;">&#160;</div>
      <div style="text-align: justify; text-indent: 36pt; line-height: 1.25;">We may issue the debt securities in one or more series with the same or various maturities, at par, at a premium, or at a discount. We will describe the particular terms of each
        series of debt securities in a prospectus supplement relating to that series, which we will file with the Commission.</div>
      <div style="text-align: justify; text-indent: 36pt; line-height: 1.25;">&#160;</div>
      <div style="text-align: justify; text-indent: 36pt; line-height: 1.25;">The prospectus supplement will set forth, to the extent required, the following terms of the debt securities in respect of which the prospectus supplement is delivered:</div>
      <div style="text-align: justify; line-height: 1.25; font-family: 'Times New Roman',Times,serif;">
        <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: 36pt;"><br>
              </td>
              <td style="width: 17.85pt; vertical-align: top;">&#8226;</td>
              <td style="width: auto; vertical-align: top; text-align: justify;">
                <div>
                  <div>the title of the series;</div>
                </div>
              </td>
            </tr>

        </table>
      </div>
      <div style="text-align: justify; text-indent: 36pt; line-height: 1.25;">
        <div style="text-indent: 36pt; line-height: 1.25;">&#160;</div>
        <div style="line-height: 1.25; font-family: 'Times New Roman',Times,serif;">
          <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: 36pt;"><br>
                </td>
                <td style="width: 17.85pt; vertical-align: top;">&#8226;</td>
                <td style="width: auto; vertical-align: top; text-align: justify;">
                  <div>
                    <div style="text-align: left; line-height: 1.25;">the aggregate principal amount;</div>
                  </div>
                </td>
              </tr>

          </table>
        </div>
        <div style="text-indent: 36pt; line-height: 1.25;">&#160;
          <div style="line-height: 1.25; font-family: 'Times New Roman',Times,serif;">
            <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: 36pt;"><br>
                  </td>
                  <td style="width: 17.85pt; vertical-align: top;">&#8226;</td>
                  <td style="width: auto; vertical-align: top; text-align: justify;">
                    <div>
                      <div style="text-align: left; line-height: 1.25;">the issue price or prices, expressed as a percentage of the aggregate principal amount of the debt securities;</div>
                    </div>
                  </td>
                </tr>

            </table>
          </div>
          <div style="text-indent: 36pt; line-height: 1.25;">&#160;
            <div style="line-height: 1.25; font-family: 'Times New Roman',Times,serif;">
              <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: 36pt;"><br>
                    </td>
                    <td style="width: 17.85pt; vertical-align: top;">&#8226;</td>
                    <td style="width: auto; vertical-align: top; text-align: justify;">
                      <div>
                        <div style="text-align: left; line-height: 1.25;">any limit on the aggregate principal amount;</div>
                      </div>
                    </td>
                  </tr>

              </table>
            </div>
            <div style="text-indent: 36pt; line-height: 1.25;">&#160;
              <div style="line-height: 1.25; font-family: 'Times New Roman',Times,serif;">
                <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: 36pt;"><br>
                      </td>
                      <td style="width: 17.85pt; vertical-align: top;">&#8226;</td>
                      <td style="width: auto; vertical-align: top; text-align: justify;">
                        <div>
                          <div style="text-align: left; line-height: 1.25;">the date or dates on which principal is payable;</div>
                        </div>
                      </td>
                    </tr>

                </table>
              </div>
              <div style="text-indent: 36pt; line-height: 1.25;">
                <div style="text-indent: 36pt; line-height: 1.25;">&#160;</div>
                <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" class="BRPFPageBreakArea">
                  <div style="text-align: center;" class="BRPFPageNumberArea"><font style="font-family: 'Times New Roman',Times,serif; font-weight: normal; font-style: normal;" class="BRPFPageNumber">7</font></div>
                  <div style="page-break-after: always;" class="BRPFPageBreak">
                    <hr noshade="noshade" style="border-width: 0px; clear: both; margin: 4px 0px; width: 100%; height: 2px; color: #000000; background-color: #000000;"></div>
                </div>
                <div style="line-height: 1.25; font-family: 'Times New Roman',Times,serif;">
                  <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: 36pt;"><br>
                        </td>
                        <td style="width: 17.85pt; vertical-align: top;">&#8226;</td>
                        <td style="width: auto; vertical-align: top; text-align: justify;">
                          <div>
                            <div style="text-align: left; line-height: 1.25;">the interest rate or rates (which may be fixed or variable) or, if applicable, the method used to determine such rate or rates;</div>
                          </div>
                        </td>
                      </tr>

                  </table>
                </div>
                <div style="text-indent: 36pt; line-height: 1.25;">
                  <div style="text-indent: 36pt; line-height: 1.25;">&#160;</div>
                  <div style="line-height: 1.25; font-family: 'Times New Roman',Times,serif;">
                    <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: 36pt;"><br>
                          </td>
                          <td style="width: 17.85pt; vertical-align: top;">&#8226;</td>
                          <td style="width: auto; vertical-align: top; text-align: justify;">
                            <div>
                              <div style="text-align: left; line-height: 1.25;">the date or dates from which interest, if any, will be payable and any regular record date for the interest payable;</div>
                            </div>
                          </td>
                        </tr>

                    </table>
                  </div>
                  <div style="text-indent: 36pt; line-height: 1.25;">&#160;
                    <div style="line-height: 1.25; font-family: 'Times New Roman',Times,serif;">
                      <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: 36pt;"><br>
                            </td>
                            <td style="width: 17.85pt; vertical-align: top;">&#8226;</td>
                            <td style="width: auto; vertical-align: top; text-align: justify;">
                              <div>
                                <div style="text-align: left; line-height: 1.25;">the terms and conditions upon which we may, or the holders may require us to, redeem or repurchase the debt securities;</div>
                              </div>
                            </td>
                          </tr>

                      </table>
                    </div>
                    <div style="text-indent: 36pt; line-height: 1.25;">
                      <div style="text-indent: 36pt; line-height: 1.25;">&#160;</div>
                      <div style="line-height: 1.25; font-family: 'Times New Roman',Times,serif;">
                        <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: 36pt;"><br>
                              </td>
                              <td style="width: 17.85pt; vertical-align: top;">&#8226;</td>
                              <td style="width: auto; vertical-align: top; text-align: justify;">
                                <div>
                                  <div style="text-align: left; line-height: 1.25;">the denominations in which such debt securities may be issuable, if other than denomination of $1,000, or any integral multiple of that number;</div>
                                </div>
                              </td>
                            </tr>

                        </table>
                      </div>
                      <div style="text-indent: 36pt; line-height: 1.25;">&#160;
                        <div style="line-height: 1.25; font-family: 'Times New Roman',Times,serif;">
                          <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: 36pt;"><br>
                                </td>
                                <td style="width: 17.85pt; vertical-align: top;">&#8226;</td>
                                <td style="width: auto; vertical-align: top; text-align: justify;">
                                  <div>
                                    <div style="text-align: left; line-height: 1.25;">whether the debt securities are to be issuable in the form of certificated debt securities or global debt securities;</div>
                                  </div>
                                </td>
                              </tr>

                          </table>
                        </div>
                        <div style="line-height: 1.25; font-family: 'Times New Roman',Times,serif;">&#160;</div>
                        <div style="line-height: 1.25; font-family: 'Times New Roman',Times,serif;">
                          <div style="text-indent: 36pt; line-height: 1.25; font-family: 'Times New Roman', Times, serif;">
                            <div style="line-height: 1.25; font-family: 'Times New Roman',Times,serif;">
                              <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: 36pt;"><br>
                                    </td>
                                    <td style="width: 17.85pt; vertical-align: top;">&#8226;</td>
                                    <td style="width: auto; vertical-align: top; text-align: justify;">
                                      <div>
                                        <div style="text-align: left; line-height: 1.25;">the portion of principal amount that will be payable upon declaration of acceleration of the maturity date if other than the principal amount of the debt securities;</div>
                                      </div>
                                    </td>
                                  </tr>

                              </table>
                            </div>
                            <div style="text-indent: 36pt; line-height: 1.25;">&#160;
                              <div style="line-height: 1.25; font-family: 'Times New Roman',Times,serif;">
                                <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: 36pt;"><br>
                                      </td>
                                      <td style="width: 17.85pt; vertical-align: top;">&#8226;</td>
                                      <td style="width: auto; vertical-align: top; text-align: justify;">
                                        <div>
                                          <div style="text-align: left; line-height: 1.25;">the currency of denomination;</div>
                                        </div>
                                      </td>
                                    </tr>

                                </table>
                              </div>
                              <div style="text-indent: 36pt; line-height: 1.25;">
                                <div style="text-indent: 36pt; line-height: 1.25;">&#160;</div>
                                <div style="line-height: 1.25; font-family: 'Times New Roman',Times,serif;">
                                  <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: 36pt;"><br>
                                        </td>
                                        <td style="width: 17.85pt; vertical-align: top;">&#8226;</td>
                                        <td style="width: auto; vertical-align: top; text-align: justify;">
                                          <div>
                                            <div style="text-align: left; line-height: 1.25;">the designation of the currency, currencies or currency units in which payment of principal and, if applicable, premium and interest, will be made;</div>
                                          </div>
                                        </td>
                                      </tr>

                                  </table>
                                </div>
                                <div style="text-indent: 36pt; line-height: 1.25;">&#160;
                                  <div style="line-height: 1.25; font-family: 'Times New Roman',Times,serif;">
                                    <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: 36pt;"><br>
                                          </td>
                                          <td style="width: 17.85pt; vertical-align: top;">&#8226;</td>
                                          <td style="width: auto; vertical-align: top; text-align: justify;">
                                            <div>
                                              <div style="text-align: left; line-height: 1.25;">if payments of principal and, if applicable, premium or interest, on the debt securities are to be made in one or more currencies or currency units other than
                                                the currency of denominations, the manner in which exchange rate with respect to such payments will be determined;</div>
                                            </div>
                                          </td>
                                        </tr>

                                    </table>
                                  </div>
                                  <div style="text-indent: 36pt; line-height: 1.25;">&#160;
                                    <div style="line-height: 1.25; font-family: 'Times New Roman',Times,serif;">
                                      <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: 36pt;"><br>
                                            </td>
                                            <td style="width: 17.85pt; vertical-align: top;">&#8226;</td>
                                            <td style="width: auto; vertical-align: top; text-align: justify;">
                                              <div>
                                                <div style="text-align: left; line-height: 1.25;">if amounts of principal and, if applicable, premium and interest may be determined by reference to an index based on a currency or currencies, or by reference
                                                  to a commodity, commodity index, stock exchange index, or financial index, then the manner in which such amounts will be determined;</div>
                                              </div>
                                            </td>
                                          </tr>

                                      </table>
                                    </div>
                                    <div style="text-indent: 36pt; line-height: 1.25;">
                                      <div style="text-indent: 36pt; line-height: 1.25;">&#160;</div>
                                      <div style="line-height: 1.25; font-family: 'Times New Roman',Times,serif;">
                                        <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: 36pt;"><br>
                                              </td>
                                              <td style="width: 17.85pt; vertical-align: top;">&#8226;</td>
                                              <td style="width: auto; vertical-align: top; text-align: justify;">
                                                <div>
                                                  <div style="text-align: left; line-height: 1.25;">the provisions, if any, relating to any collateral provided for such debt securities;</div>
                                                </div>
                                              </td>
                                            </tr>

                                        </table>
                                      </div>
                                      <div style="text-indent: 36pt; line-height: 1.25;">&#160;
                                        <div style="line-height: 1.25; font-family: 'Times New Roman',Times,serif;">
                                          <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: 36pt;"><br>
                                                </td>
                                                <td style="width: 17.85pt; vertical-align: top;">&#8226;</td>
                                                <td style="width: auto; vertical-align: top; text-align: justify;">
                                                  <div>
                                                    <div style="text-align: left; line-height: 1.25;">any events of default;</div>
                                                  </div>
                                                </td>
                                              </tr>

                                          </table>
                                        </div>
                                        <div style="text-indent: 36pt; line-height: 1.25;">&#160;<br>
                                          <div style="text-indent: 36pt; line-height: 1.25;">
                                            <div style="line-height: 1.25; font-family: 'Times New Roman',Times,serif;">
                                              <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: 36pt;"><br>
                                                    </td>
                                                    <td style="width: 17.85pt; vertical-align: top;">&#8226;</td>
                                                    <td style="width: auto; vertical-align: top; text-align: justify;">
                                                      <div>
                                                        <div style="text-align: left; line-height: 1.25;">the terms and conditions, if any, for conversion into or exchange for ordinary shares;</div>
                                                      </div>
                                                    </td>
                                                  </tr>

                                              </table>
                                            </div>
                                            <div style="text-indent: 36pt; line-height: 1.25;">&#160;
                                              <div style="line-height: 1.25; font-family: 'Times New Roman',Times,serif;">
                                                <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: 36pt;"><br>
                                                      </td>
                                                      <td style="width: 17.85pt; vertical-align: top;">&#8226;</td>
                                                      <td style="width: auto; vertical-align: top; text-align: justify;">
                                                        <div>
                                                          <div style="text-align: left; line-height: 1.25;">any depositaries, interest rate calculation agents, exchange rate calculation agents, or other agents; and</div>
                                                        </div>
                                                      </td>
                                                    </tr>

                                                </table>
                                              </div>
                                              <div style="text-indent: 36pt; line-height: 1.25;">&#160;</div>
                                            </div>
                                          </div>
                                          <div style="line-height: 1.25; font-family: 'Times New Roman',Times,serif;">
                                            <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: 36pt;"><br>
                                                  </td>
                                                  <td style="width: 17.85pt; vertical-align: top;">&#8226;</td>
                                                  <td style="width: auto; vertical-align: top; text-align: justify;">
                                                    <div>
                                                      <div style="text-align: left; line-height: 1.25;">the terms and conditions, if any, upon which the debt securities shall be subordinated in right of payment to other indebtedness of the Company.</div>
                                                    </div>
                                                  </td>
                                                </tr>

                                            </table>
                                          </div>
                                          <div style="text-indent: 36pt; line-height: 1.25;">&#160;</div>
                                        </div>
                                      </div>
                                    </div>
                                  </div>
                                </div>
                              </div>
                            </div>
                          </div>
                        </div>
                      </div>
                    </div>
                  </div>
                </div>
              </div>
            </div>
          </div>
        </div>
      </div>
      <div style="text-align: justify; text-indent: 36pt; line-height: 1.25;">One or more debt securities may be sold at a substantial discount below their stated principal amount. We may also issue debt securities in bearer form, with or without coupons.
        If we issue discount debt securities or debt securities in bearer form, we will describe material U.S. federal income tax and Israeli tax considerations and other material special considerations which apply to these debt securities in the
        applicable prospectus supplement.</div>
      <div style="text-align: justify; text-indent: 36pt; line-height: 1.25;">&#160;</div>
      <div style="text-align: justify; text-indent: 36pt; line-height: 1.25;">We may issue debt securities denominated in or payable in a foreign currency or currencies or a foreign currency unit or units. If we do, we will describe the restrictions,
        elections, and general tax considerations relating to the debt securities and the foreign currency or currencies or foreign currency unit or units in the applicable prospectus supplement.</div>
      <div style="line-height: 1.25;"><br style="line-height: 1.25;">
      </div>
      <div style="text-align: justify; text-indent: 36pt; line-height: 1.25;">The debt securities of a series may be issued in whole or in part in the form of one or more global securities that will be deposited with, or on behalf of, a depositary
        identified in the prospectus supplement. Global securities will be issued in registered form and in either temporary or definitive form. Unless and until it is exchanged in whole or in part for individual debt securities, a global security may not
        be transferred except as a whole by the depositary for such global security to a nominee of such depositary or by a nominee of such depositary to such depositary or another nominee of such depositary or by such depositary or any such nominee to a
        successor of such depositary or a nominee of such successor. The specific terms of the depositary arrangement with respect to any debt securities of a series and the rights of and limitations upon owners of beneficial interests in a global security
        will be described in the applicable prospectus supplement.</div>
      <div style="text-align: center; line-height: 1.25;"><br style="line-height: 1.25;">
      </div>
      <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" class="BRPFPageBreakArea">
        <div style="text-align: center;" class="BRPFPageNumberArea"><font style="font-family: 'Times New Roman',Times,serif; font-weight: normal; font-style: normal;" class="BRPFPageNumber">8</font></div>
        <div style="page-break-after: always;" class="BRPFPageBreak">
          <hr noshade="noshade" style="border-width: 0px; clear: both; margin: 4px 0px; width: 100%; height: 2px; color: #000000; background-color: #000000;"></div>
      </div>
      <div style="text-align: center; line-height: 1.25; font-weight: bold;"><a name="DESCRIPTIONOFUNITS"><!--Anchor--></a>DESCRIPTION OF UNITS</div>
      <div style="text-align: center; line-height: 1.25; font-weight: bold;"> <br>
      </div>
      <div style="text-align: justify; text-indent: 36pt; line-height: 1.25;">As specified in the applicable prospectus supplement, we may issue units consisting of our ordinary shares, rights, warrants or debt securities or any combination of such
        securities.&#160;The applicable prospectus supplement will describe:</div>
      <div style="line-height: 1.25">&#160;</div>
      <table cellspacing="0" cellpadding="0" id="zeee5e9061a8f4e658d9bb95e1d911ae5" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

          <tr>
            <td style="width: 36pt;"><br>
            </td>
            <td style="width: 17.85pt; vertical-align: top;">&#8226;</td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div>the terms of the units and of the ordinary shares, rights, warrants and/or debt securities comprising the units, including whether and under what circumstances the securities comprising the units may be traded separately;</div>
            </td>
          </tr>

      </table>
      <div style="line-height: 1.25">&#160;</div>
      <table cellspacing="0" cellpadding="0" id="za24043ff15294f74b89b734e1b2a735f" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

          <tr>
            <td style="width: 36pt;"><br>
            </td>
            <td style="width: 17.85pt; vertical-align: top;">&#8226;</td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div>a description of the terms of any unit agreement governing the units or any arrangement with an agent that may act on our behalf in connection with the unit offering; and</div>
            </td>
          </tr>

      </table>
      <div style="line-height: 1.25">&#160;</div>
      <table cellspacing="0" cellpadding="0" id="zb590b5dc0d78460b82ef6600bc3b6e33" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

          <tr>
            <td style="width: 36pt;"><br>
            </td>
            <td style="width: 17.85pt; vertical-align: top;">&#8226;</td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div>a description of the provisions for the payment, settlement, transfer or exchange of the units.</div>
            </td>
          </tr>

      </table>
      <div style="line-height: 1.25">&#160;</div>
      <div style="text-align: center; line-height: 1.25; font-weight: bold;"><a name="PLANOFDISTRIBUTION"><!--Anchor--></a>PLAN OF DISTRIBUTION</div>
      <div style="text-align: center; line-height: 1.25; font-weight: bold;"> <br>
      </div>
      <div style="text-align: justify; text-indent: 36pt; line-height: 1.25;">We may sell the offered securities on a negotiated or competitive bid basis to or through underwriters or dealers. We may also sell the securities directly to institutional
        investors or other purchasers or through agents. We will identify any underwriter, dealer, or agent involved in the offer and sale of the securities, and any applicable commissions, discounts and other terms constituting compensation to such
        underwriters, dealers or agents, in a prospectus supplement.</div>
      <div style="line-height: 1.25">&#160;</div>
      <div style="text-align: justify; text-indent: 36pt; line-height: 1.25;">We may distribute our securities from time to time in one or more transactions:</div>
      <div style="line-height: 1.25">&#160;</div>
      <table cellspacing="0" cellpadding="0" id="z0df9208606754d46aca3ad1dbef18de7" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

          <tr>
            <td style="width: 36pt;"><br>
            </td>
            <td style="width: 17.85pt; vertical-align: top;">&#8226;</td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div>at a fixed price or prices, which may be changed;</div>
            </td>
          </tr>

      </table>
      <div style="line-height: 1.25">&#160;</div>
      <table cellspacing="0" cellpadding="0" id="zce8eb4c3543b4996a5db91587a7fcaa6" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

          <tr>
            <td style="width: 36pt;"><br>
            </td>
            <td style="width: 17.85pt; vertical-align: top;">&#8226;</td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div>at market prices prevailing at the time of sale;</div>
            </td>
          </tr>

      </table>
      <div style="line-height: 1.25">&#160;</div>
      <table cellspacing="0" cellpadding="0" id="zfb5eaa6040de498a8a487985fd410a8b" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

          <tr>
            <td style="width: 36pt;"><br>
            </td>
            <td style="width: 17.85pt; vertical-align: top;">&#8226;</td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div>at prices related to such prevailing market prices; or</div>
            </td>
          </tr>

      </table>
      <div style="line-height: 1.25">&#160;</div>
      <table cellspacing="0" cellpadding="0" id="z7a9b032491f042dfbd1070eaeae54f95" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

          <tr>
            <td style="width: 36pt;"><br>
            </td>
            <td style="width: 17.85pt; vertical-align: top;">&#8226;</td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div>at negotiated prices.</div>
            </td>
          </tr>

      </table>
      <div style="line-height: 1.25">&#160;</div>
      <div style="text-align: justify; text-indent: 36pt; line-height: 1.25;">Only underwriters named in the prospectus supplement are underwriters of our securities offered by the prospectus supplement.</div>
      <div style="line-height: 1.25">&#160;</div>
      <div style="text-align: justify; text-indent: 36pt; line-height: 1.25;">If underwriters are used in the sale of our securities, such securities will be acquired by the underwriters for their own account and may be resold from time to time in one or
        more transactions, including negotiated transactions, at a fixed public offering price or at varying prices determined at the time of sale. Unless stated otherwise in a prospectus supplement, the obligation of any underwriters to purchase our
        securities will be subject to certain conditions and the underwriters will be obligated to purchase all of the applicable securities if none are purchased. If a dealer is used in a sale, we may sell our securities to the dealer as principal. The
        dealer may then resell the securities to the public at varying prices to be determined by the dealer at the time of resale. In effecting sales, dealers engaged by us may arrange for other dealers to participate in the resales.</div>
      <div style="line-height: 1.25">&#160;</div>
      <div style="text-align: justify; text-indent: 36pt; line-height: 1.25;">We or our agents may solicit offers to purchase securities from time to time. Unless stated otherwise in a prospectus supplement, any agent will be acting on a best efforts basis
        for the period of its appointment. In addition, we may enter into derivative, sale or forward sale transactions with third parties, or sell securities not covered by this prospectus to third parties in privately negotiated transactions. If the
        applicable prospectus supplement indicates, in connection with such transaction, the third parties may, pursuant to this prospectus and the applicable prospectus supplement, sell securities covered by this prospectus and the applicable prospectus
        supplement. If so, the third party may use securities borrowed from us or others to settle such sales and may use securities received from us or others to close out any related short positions. We may also loan or pledge securities covered by this
        prospectus and the applicable prospectus supplement to third parties, who may sell the loaned securities or, in the event of default in the case of a pledge, sell the pledged securities pursuant to this prospectus and the applicable prospectus
        supplement. The third party in such transactions will be an underwriter and will be identified in the applicable prospectus supplement or a in a post-effective amendment.</div>
      <div style="line-height: 1.25">&#160;</div>
      <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" class="BRPFPageBreakArea">
        <div style="text-align: center;" class="BRPFPageNumberArea"><font style="font-family: 'Times New Roman',Times,serif; font-weight: normal; font-style: normal;" class="BRPFPageNumber">9</font></div>
        <div style="page-break-after: always;" class="BRPFPageBreak">
          <hr noshade="noshade" style="border-width: 0px; clear: both; margin: 4px 0px; width: 100%; height: 2px; color: #000000; background-color: #000000;"></div>
      </div>
      <div style="text-align: justify; text-indent: 36pt; line-height: 1.25;">In connection with the sale of our securities, underwriters or agents may receive compensation (in the form of discounts, concessions or commissions) from us or from purchasers
        of securities for whom they may act as agents. Underwriters may sell securities to or through dealers, and such dealers may receive compensation in the form of discounts, concessions or commissions from the underwriters and/or commissions from the
        purchasers for whom they may act as agents. Underwriters, dealers and agents that participate in the distribution of our securities may be deemed to be &#8220;underwriters&#8221; as that term is defined in the Securities Act, and any discounts or commissions
        received by them from us and any profits on the resale of the shares by them may be deemed to be underwriting discounts and commissions under the Securities Act. Compensation as to a particular underwriter, dealer or agent might be in excess of
        customary commissions and will be in amounts to be negotiated in connection with any transaction involving our securities. We will identify any such underwriter or agent, and we will describe any such compensation paid, in the related prospectus
        supplement.&#160; Maximum compensation to any underwriters, dealers or agents will not exceed any applicable Financial Industry Regulatory Authority limitations.</div>
      <div style="line-height: 1.25">&#160;</div>
      <div style="text-align: justify; text-indent: 36pt; line-height: 1.25;">Underwriters, dealers and agents may be entitled, under agreements with us, to indemnification against and contribution toward payment of certain civil liabilities, including
        liabilities under the Securities Act.</div>
      <div style="line-height: 1.25">&#160;</div>
      <div style="text-align: justify; text-indent: 36pt; line-height: 1.25;">If stated in a prospectus supplement, we will authorize agents and underwriters to solicit offers by certain specified institutions or other persons to purchase our securities at
        the public offering price set forth in the prospectus supplement pursuant to delayed delivery contracts providing for payment and delivery on a specific date in the future. Institutions with whom such contracts may be made include commercial
        savings banks, insurance companies, pension funds, investment companies, educational and charitable institutions and other institutions, but shall in all cases be subject to our approval. Such contracts will be subject only to those conditions set
        forth in the prospectus supplement, and the prospectus supplement will set forth the commission payable for solicitation of such contracts. The obligations of any purchaser under any such contract will be subject to the condition that the purchase
        of the securities shall not be prohibited at the time of delivery under the laws of the jurisdiction to which the purchaser is subject. The underwriters and other agents will not have any responsibility in respect of the validity or performance of
        such contracts.</div>
      <div style="line-height: 1.25">&#160;</div>
      <div style="text-align: justify; text-indent: 36pt; line-height: 1.25;">If underwriters or dealers are used in the sale, until the distribution of our securities is completed, Commission rules may limit the ability of any such underwriters and
        selling group members to bid for and purchase the securities. As an exception to these rules, representatives of any underwriters are permitted to engage in certain transactions that stabilize the price of the securities. Such transactions may
        consist of bids or purchases for the purpose of pegging, fixing or maintaining the price of the securities. If the underwriters create a short position in the securities in connection with the offering (in other words, if they sell more shares than
        are set forth on the cover page of the prospectus supplement), the representatives of the underwriters may reduce that short position by purchasing securities in the open market. The representatives of the underwriters also may elect to reduce any
        short position by exercising all or part of any over-allotment option we may grant to the underwriters, as described in the prospectus supplement.&#160; In addition, the representatives of the underwriters may impose a penalty bid on certain
        underwriters. This means that if the representatives purchase securities in the open market to reduce the underwriters&#8217; short position or to stabilize the price of our securities, they may reclaim the amount of the selling concession from the
        underwriters who sold those securities as part of the offering. In general, purchases of a security for the purpose of stabilizing or to reduce a short position could cause the price of the security to be higher than it might be in the absence of
        such purchases. The imposition of a penalty bid might also have the effect of causing the price of the securities to be higher than it would otherwise be. If commenced, the representatives of the underwriters may discontinue any of the transactions
        at any time.&#160; These transactions may be effected on any exchange on which our securities are traded, in the over-the-counter market, or otherwise.</div>
      <div style="line-height: 1.25">&#160;</div>
      <div style="text-align: justify; text-indent: 36pt; line-height: 1.25;">Certain of the underwriters or agents and their associates may engage in transactions with and perform services for us or our affiliates in the ordinary course of their
        respective businesses.</div>
      <div style="line-height: 1.25">&#160;</div>
      <div style="text-align: center; line-height: 1.25; font-weight: bold;"><a name="EXPENSES"><!--Anchor--></a>EXPENSES</div>
      <div style="text-align: center; line-height: 1.25; font-weight: bold;"> <br>
      </div>
      <div style="text-align: justify; text-indent: 36pt; line-height: 1.25;">The following table sets forth the estimated fees and expenses payable by us in connection with the distribution of the securities being registered. We have estimated all amounts
        except the Commission registration fee.</div>
      <div style="line-height: 1.25">&#160;</div>
      <table cellspacing="0" cellpadding="0" border="0" align="center" style="width: 85%; color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; text-align: left;" id="zc5dcd3202e5c48c39d129d38754d9e4c" class="cfttable">

          <tr>
            <td valign="bottom" style="vertical-align: bottom; background-color: #CCEEFF; width: 88%;">
              <div style="line-height: 1.25;">SEC registration fee</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1" class="cftguttercell">&#160;</td>
            <td valign="bottom" style="background-color: #CCEEFF; vertical-align: bottom; width: 1%;" colspan="1" class="cftcurrcell">
              <div style="line-height: 1.25;">$</div>
            </td>
            <td valign="bottom" style="background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 9%;" colspan="1" class="cftnumcell">
              <div style="line-height: 1.25;">0</div>
            </td>
            <td valign="bottom" nowrap="nowrap" style="background-color: #CCEEFF; vertical-align: bottom; width: 1%;" colspan="1" class="cftfncell">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: bottom; width: 88%;">
              <div style="line-height: 1.25;">Legal fees and expenses</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1" class="cftguttercell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1" class="cftcurrcell">
              <div style="line-height: 1.25;">$</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%;" colspan="1" class="cftnumcell">
              <div style="line-height: 1.25;">*</div>
            </td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%;" colspan="1" class="cftfncell">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: bottom; background-color: #CCEEFF; width: 88%;">
              <div style="line-height: 1.25;">Accounting fees and expenses</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1" class="cftguttercell">&#160;</td>
            <td valign="bottom" style="background-color: #CCEEFF; vertical-align: bottom; width: 1%;" colspan="1" class="cftcurrcell">
              <div style="line-height: 1.25;">$</div>
            </td>
            <td valign="bottom" style="background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 9%;" colspan="1" class="cftnumcell">
              <div style="line-height: 1.25;">*</div>
            </td>
            <td valign="bottom" nowrap="nowrap" style="background-color: #CCEEFF; vertical-align: bottom; width: 1%;" colspan="1" class="cftfncell">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: bottom; width: 88%; padding-bottom: 2px;">
              <div style="line-height: 1.25;">Miscellaneous expenses</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" colspan="1" class="cftguttercell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1" class="cftcurrcell">
              <div style="line-height: 1.25;">$</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1" class="cftnumcell">
              <div style="line-height: 1.25;">*</div>
            </td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" colspan="1" class="cftfncell">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: bottom; background-color: #CCEEFF; width: 88%; padding-bottom: 2px;">
              <div style="line-height: 1.25; font-weight: bold;">Total</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; background-color: rgb(204, 238, 255);" colspan="1" class="cftguttercell">&#160;</td>
            <td valign="bottom" style="background-color: #CCEEFF; vertical-align: bottom; width: 1%; border-bottom: #000000 solid 2px;" colspan="1" class="cftcurrcell">
              <div style="line-height: 1.25;">$</div>
            </td>
            <td valign="bottom" style="background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 solid 2px;" colspan="1" class="cftnumcell">
              <div style="line-height: 1.25;">*</div>
            </td>
            <td valign="bottom" nowrap="nowrap" style="background-color: #CCEEFF; vertical-align: bottom; width: 1%; padding-bottom: 2px;" colspan="1" class="cftfncell">&#160;</td>
          </tr>

      </table>
      <div style="line-height: 1.25">&#160;</div>
      <div style="text-align: justify; line-height: 1.25; font-family: 'Times New Roman',Times,serif; margin-left: 54pt;">* These fees and expenses are calculated based on the number of issuances and amount of securities offered and accordingly cannot be
        estimated at this time.</div>
      <div style="line-height: 1.25">&#160;</div>
      <div style="text-align: justify; text-indent: 36pt; line-height: 1.25;">In addition, we anticipate incurring additional expenses in the future in connection with the offering of our securities pursuant to this prospectus.&#160;Any such additional expenses
        will be disclosed in each applicable prospectus supplement for the offering of our securities under this prospectus.</div>
      <div style="line-height: 1.25">&#160;</div>
      <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" class="BRPFPageBreakArea">
        <div style="text-align: center;" class="BRPFPageNumberArea"><font style="font-family: 'Times New Roman',Times,serif; font-weight: normal; font-style: normal;" class="BRPFPageNumber">10</font></div>
        <div style="page-break-after: always;" class="BRPFPageBreak">
          <hr noshade="noshade" style="border-width: 0px; clear: both; margin: 4px 0px; width: 100%; height: 2px; color: #000000; background-color: #000000;"></div>
      </div>
      <div style="text-align: center; line-height: 1.25; font-weight: bold;"><a name="LEGALMATTERS"><!--Anchor--></a>LEGAL MATTERS</div>
      <div style="text-align: center; line-height: 1.25; font-weight: bold;"> <br>
      </div>
      <div style="text-indent: 36pt; line-height: 1.25;">Certain legal matters with respect to Israeli law and with respect to the validity of the offered securities under Israeli law will be passed upon for us by Shibolet &amp; Co., Tel Aviv,
        Israel.&#160;&#160;Certain legal matters with respect to New York law, the validity of the debt securities under New York law, and U.S. federal securities law will be passed upon for us by Kramer Levin Naftalis &amp; Frankel LLP, New York, New York.
        Additional legal matters may be passed upon for us or any underwriters, dealers or agents, by counsel that we will name in an applicable prospectus supplement.</div>
      <div style="line-height: 1.25">&#160;</div>
      <div style="text-align: center; line-height: 1.25; font-weight: bold;"><a name="EXPERTS"><!--Anchor--></a>EXPERTS</div>
      <div style="text-align: center; line-height: 1.25; font-weight: bold;"> <br>
      </div>
      <div style="text-align: justify; text-indent: 36pt; margin-right: 0.2pt; line-height: 1.25;">The consolidated financial statements of Ceragon Networks Ltd. appearing&#160;in Ceragon Networks Ltd.'s Annual Report (Form 20-F) for the year ended December 31,
        2022, and the effectiveness of Ceragon Networks Ltd.'s internal control over financial reporting as of December 31, 2022 have been audited by Kost Forer Gabbay &amp; Kasierer, a member of Ernst &amp; Young Global, independent registered public
        accounting firm, as set forth in their reports thereon, incorporated by reference therein, and incorporated herein by reference. Such consolidated financial statements are incorporated herein by reference in reliance upon such reports given on the
        authority of such firm as experts in accounting and auditing.</div>
      <div style="line-height: 1.25">&#160;</div>
      <div style="text-align: center; line-height: 1.25; font-weight: bold;"><a name="WHEREYOUCAN"><!--Anchor--></a>WHERE YOU CAN FIND MORE INFORMATION<br>
        AND INCORPORATION OF CERTAIN INFORMATION BY REFERENCE</div>
      <div style="line-height: 1.25">&#160;</div>
      <div style="text-align: justify; text-indent: 36pt; line-height: 1.25;">We are an Israeli company and are a &#8220;foreign private issuer&#8221; as defined in Rule 3b-4 under the Exchange Act.&#160;&#160;As a result, our proxy solicitations are not subject to the
        disclosure and procedural requirements of Regulation 14A under the Exchange Act, and transactions in our equity securities by our officers and directors are exempt from Section 16 of the Exchange Act.</div>
      <div style="line-height: 1.25">&#160;</div>
      <div style="text-align: justify; text-indent: 36pt; line-height: 1.25;">In addition, we are not required to file reports and financial statements with the Commission as frequently or as promptly as U.S. companies whose securities are registered under
        the Exchange Act.&#160;However, we file with the Commission an Annual Report on Form 20-F containing financial statements audited by an independent registered public accounting firm.&#160;We also furnish reports of Foreign Private Issuer on Form 6-K
        containing unaudited financial information for the first three quarters of each fiscal year and other material information that we distribute, or that is required to be distributed by us, to our shareholders.</div>
      <div style="line-height: 1.25">&#160;</div>
      <div style="text-align: justify; text-indent: 36pt; line-height: 1.25;">The Commission maintains a website that contains information we file electronically with the Commission, which you can access over the Internet at http://www.sec.gov.&#160;You may
        also access the information we file electronically with the Commission through our website at http://www.ceragon.com.&#160;The information contained on, or linked from our website, does not form part of this prospectus.</div>
      <div style="line-height: 1.25">&#160;</div>
      <div style="text-align: justify; text-indent: 36pt; line-height: 1.25;">This prospectus is part of a registration statement on Form F-3 filed by us with the Commission under the Securities Act. As permitted by the rules and regulations of the
        Commission, this prospectus does not contain all the information set forth in the registration statement and the exhibits thereto filed with the Commission. For further information with respect to us and the securities offered hereby, you should
        refer to the complete registration statement on Form F-3, which may be obtained from the locations described above. Statements contained in this prospectus or in any prospectus supplement about the contents of any contract or other document are not
        necessarily complete. If we have filed any contract or other document as an exhibit to the registration statement or any other document incorporated by reference in the registration statement, you should read the exhibit or document for a more
        complete understanding of the document or matter involved. Each statement regarding a contract or other document is qualified in its entirety by reference to the actual document.</div>
      <div style="line-height: 1.25">&#160;</div>
      <div style="text-align: justify; text-indent: 36pt; line-height: 1.25;">The Commission allows us to &#8220;incorporate by reference&#8221; the information we file with it, which means that we can disclose important information to you by referring you to those
        documents. The information incorporated by reference is considered to be part of this prospectus, and later information filed with the Commission will update and supersede this information. The documents listed below and any future filings made
        with the Commission under Section 13(a), 13(c), 14, or 15(d) of the Exchange Act until the offering is terminated comprise the incorporated documents:</div>
      <div style="line-height: 1.25">&#160;</div>
      <table cellspacing="0" cellpadding="0" id="z0c90cff48f414f4e90de70268af42bde" 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;">&#8226;</td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div>our Annual Report on <a href="https://www.sec.gov/ix?doc=/Archives/edgar/data/1119769/000117891323001573/zk2329353.htm">Form 20-F</a> for the fiscal year ended December 31, 2022;</div>
            </td>
          </tr>

      </table>
      <div style="line-height: 1.25">&#160;</div>
      <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" class="BRPFPageBreakArea">
        <div style="text-align: center;" class="BRPFPageNumberArea"><font style="font-family: 'Times New Roman',Times,serif; font-weight: normal; font-style: normal;" class="BRPFPageNumber">11</font></div>
        <div style="page-break-after: always;" class="BRPFPageBreak">
          <hr noshade="noshade" style="border-width: 0px; clear: both; margin: 4px 0px; width: 100%; height: 2px; color: #000000; background-color: #000000;"></div>
      </div>
      <table cellspacing="0" cellpadding="0" id="z11466a7631994662aaf0f011fb4e71ab" 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;">&#8226;</td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div>the description of our ordinary shares (i) contained in Amendment No. 2 to our Registration Statement on Form F-1 (File No. 333-12312), originally filed with the Commission on August 3, 2000, as updated by (ii) <a href="https://www.sec.gov/Archives/edgar/data/1119769/000117891323001573/exhibit_2-1.htm">Exhibit 2.1</a> to the Annual Report on Form 20-F for the fiscal year ended December 31, 2022, and any amendment or report filed for the purpose of
                further updating that description; and</div>
            </td>
          </tr>

      </table>
      <div style="line-height: 1.25">&#160;</div>
      <table cellspacing="0" cellpadding="0" id="z914ff9a1f8e54bbc90742ac4963c9797" 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;">&#8226;</td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div>our Report of Foreign Private Issuer on <a href="https://www.sec.gov/Archives/edgar/data/1119769/000117891323001598/0001178913-23-001598-index.htm">Form 6-K</a> furnished to the Commission on May 1, 2023.</div>
            </td>
          </tr>

      </table>
      <div style="line-height: 1.25">&#160;</div>
      <div style="text-align: justify; text-indent: 36pt; line-height: 1.25;">Any statement contained in any document incorporated by reference herein shall be deemed to be modified or superseded for purposes of this prospectus to the extent that a
        statement contained in this prospectus or any prospectus supplement modifies or supersedes such statement. Any statement so modified or superseded shall not be deemed, except as so modified or superseded, to constitute a part of this prospectus.</div>
      <div style="line-height: 1.25">&#160;</div>
      <div style="text-align: justify; text-indent: 36pt; line-height: 1.25;">We will provide you without charge, upon your written or oral request, a copy of any of the documents incorporated by reference in this prospectus, other than exhibits to such
        documents which are not specifically incorporated by reference into such documents.&#160;&#160;Please direct your written or telephone requests to us at Ceragon Networks Ltd., 3 Uri Ariav st., Bldg. A (7th Floor), PO Box 112, Rosh Ha&#8217;Ayin, Israel, 4810002.
        Tel.: (+972) 3-543-1369, Attention: Ronen Stein, Chief Financial Officer.</div>
      <div style="line-height: 1.25">&#160;</div>
      <div style="text-align: center; line-height: 1.25; font-weight: bold;"><a name="ENFORCEABILITYOFCIVILLIAB"><!--Anchor--></a>ENFORCEABILITY OF CIVIL LIABILITIES</div>
      <div style="text-align: center; line-height: 1.25; font-weight: bold;"> <br>
      </div>
      <div style="text-align: justify; text-indent: 36pt; line-height: 1.25;">We are incorporated under the laws of the State of Israel. Service of process upon our directors and officers, almost all of whom reside outside the United States, may be
        difficult to obtain within the United States. Furthermore, because the majority of our assets and investments, all of our directors and almost all of our executives and officers are located outside the United States, any judgment obtained in the
        United States against us or any of our directors or officers not residing in the United States, may not be collectible within the United States. It may be difficult to assert U.S. securities law claims in original actions instituted in Israel.
        Israeli courts may refuse to hear a claim based on a violation of U.S. securities laws because Israel is not the most appropriate forum to bring such a claim. In addition, even if an Israeli court agrees to hear a claim, it may determine that
        Israeli law, and not U.S. law, is applicable to the claim. If U.S. law is found to be applicable, the content of applicable U.S. law must be proved as a fact, which can be a time-consuming and costly process. Certain matters of procedure will also
        be governed by Israeli law. There is little binding case law in Israel addressing these matters.</div>
      <div style="line-height: 1.25">&#160;</div>
      <div style="text-align: justify; text-indent: 36pt; line-height: 1.25;">Subject to specified time limitations and legal procedures, Israeli courts may enforce a U.S. final judgment in a civil matter, including a judgment based upon the civil
        liability provisions of the U.S. securities laws, and including a judgment for the payment of compensation or damages in a non-civil matter, provided that:</div>
      <div style="line-height: 1.25">&#160;</div>
      <table cellspacing="0" cellpadding="0" id="z6317db4d920140b1adb124e4f2bdda3f" 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;">&#160;</td>
            <td style="width: 18pt; vertical-align: top;">&#8226;</td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div>the judgment was given by a court which was, according to the laws of the state of the court, competent to give it;</div>
            </td>
          </tr>

      </table>
      <div style="line-height: 1.25">&#160;</div>
      <table cellspacing="0" cellpadding="0" id="z6848828dea424a8ea9d474c888a3bf9f" 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;">&#160;</td>
            <td style="width: 18pt; vertical-align: top;">&#8226;</td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div>the judgment is executory in the state in which it was given;</div>
            </td>
          </tr>

      </table>
      <div style="line-height: 1.25">&#160;</div>
      <table cellspacing="0" cellpadding="0" id="z58e235a335704f72b86f82a4df718b91" 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;">&#160;</td>
            <td style="width: 18pt; vertical-align: top;">&#8226;</td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div>the judgment is no longer appealable;</div>
            </td>
          </tr>

      </table>
      <div style="line-height: 1.25">&#160;</div>
      <table cellspacing="0" cellpadding="0" id="z93c27fb6dc31430ebc82e53019345051" 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;">&#160;</td>
            <td style="width: 18pt; vertical-align: top;">&#8226;</td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div>the judgment was not given by a court that is not competent to do so under the rules of private international law applicable in Israel;</div>
            </td>
          </tr>

      </table>
      <div style="line-height: 1.25">&#160;</div>
      <table cellspacing="0" cellpadding="0" id="z092e6461ded44e33a6a41e71e808fb0a" 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;">&#160;</td>
            <td style="width: 18pt; vertical-align: top;">&#8226;</td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div>there has been due process;</div>
            </td>
          </tr>

      </table>
      <div style="line-height: 1.25">&#160;</div>
      <table cellspacing="0" cellpadding="0" id="zb31abec345f048be88529f3dbcd85a73" 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;">&#160;</td>
            <td style="width: 18pt; vertical-align: top;">&#8226;</td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div>the obligation imposed by the judgment is enforceable according to the rules relating to the enforceability of judgments in Israel and the substance of the judgment is not contrary to public policy;</div>
            </td>
          </tr>

      </table>
      <div style="line-height: 1.25">&#160;</div>
      <table cellspacing="0" cellpadding="0" id="z8bde8e7ae1934c41b64d9d3c78da1dc9" 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;">&#160;</td>
            <td style="width: 18pt; vertical-align: top;">&#8226;</td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div>the judgment was not obtained by fraud and does not conflict with any other valid judgment in the same matter between the same parties; and</div>
            </td>
          </tr>

      </table>
      <div style="line-height: 1.25">&#160;</div>
      <table cellspacing="0" cellpadding="0" id="zb6a530a722414eadaf4e70f51721dfc2" 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;">&#160;</td>
            <td style="width: 18pt; vertical-align: top;">&#8226;</td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div>an action between the same parties in the same matter is not pending in any Israeli court or tribunal at the time the lawsuit is instituted in the U.S. court.</div>
            </td>
          </tr>

      </table>
      <div style="line-height: 1.25">&#160;</div>
      <div style="text-align: justify; text-indent: 36pt; line-height: 1.25;">Even if these conditions are satisfied, an Israeli court will not enforce a foreign judgment if it was given in a state whose laws do not provide for the enforcement of judgments
        of Israeli courts (subject to exceptional cases) or if its enforcement is likely to prejudice the sovereignty or security of the State of Israel.</div>
      <div style="line-height: 1.25">&#160;</div>
      <div style="text-align: justify; text-indent: 36pt; line-height: 1.25;">If a foreign judgment is enforced by an Israeli court, it generally will be payable in Israeli currency, which can then be converted into non-Israeli currency and transferred out
        of Israel. The usual practice in an action before an Israeli court to recover an amount in a non-Israeli currency is for the Israeli court to issue a judgment for the equivalent amount in Israeli currency at the rate of exchange that applies on the
        date of the judgment, but the judgment debtor may make payment in foreign currency. Pending collection, the amount of the judgment of an Israeli court stated in Israeli currency ordinarily will be linked to the Israeli consumer price index plus
        interest at the annual statutory rate set by Israeli regulations prevailing at the time. Judgment creditors must bear the risk of unfavorable exchange rates.</div>
      <div style="line-height: 1.25">&#160;</div>
      <div class="BRPFPageFooter"><br>
      </div>
      <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" class="BRPFPageBreakArea">
        <div style="text-align: center;" class="BRPFPageNumberArea"><font style="font-family: 'Times New Roman',Times,serif; font-weight: normal; font-style: normal;" class="BRPFPageNumber">12</font></div>
        <div style="page-break-after: always;" class="BRPFPageBreak">
          <hr noshade="noshade" style="border-width: 0px; clear: both; margin: 4px 0px; width: 100%; height: 2px; color: #000000; background-color: #000000;"></div>
      </div>
      <div style="line-height: 1.25;"><br style="line-height: 1.25;">
      </div>
      <div style="text-align: center; line-height: 1.25;"><img width="192" height="49" src="image1.jpg"></div>
      <div style="line-height: 1.25">&#160;</div>
      <div style="text-align: center; line-height: 1.25; font-family: 'Times New Roman',Times,serif; font-size: 12pt; font-weight: bold;">$150,000,000</div>
      <div style="text-align: center; line-height: 1.25; font-family: 'Times New Roman',Times,serif; font-size: 12pt; font-weight: bold;">Ordinary Shares</div>
      <div style="text-align: center; line-height: 1.25; font-family: 'Times New Roman',Times,serif; font-size: 12pt; font-weight: bold;">Rights</div>
      <div style="text-align: center; line-height: 1.25; font-family: 'Times New Roman',Times,serif; font-size: 12pt; font-weight: bold;">Warrants</div>
      <div style="text-align: center; line-height: 1.25; font-family: 'Times New Roman',Times,serif; font-size: 12pt; font-weight: bold;">Debt Securities</div>
      <div style="text-align: center; line-height: 1.25; font-family: 'Times New Roman',Times,serif; font-size: 12pt; font-weight: bold;">Units</div>
      <div style="text-align: center; line-height: 1.25;"><font style="font-size: 12pt;">&#160;&#160;&#160;&#160;&#160;&#160; </font><br>
      </div>
      <div style="text-align: center; line-height: 1.25;">
        <hr align="center" style="height: 2px; width: 20%; color: #000000; background-color: #000000; margin-left: auto; margin-right: auto; border: none;"> </div>
      <div style="text-align: center; line-height: 1.25; font-weight: bold;"> <br>
      </div>
      <div style="text-align: center; line-height: 1.25; font-family: 'Times New Roman',Times,serif; font-size: 14pt; font-weight: bold;">PROSPECTUS</div>
      <div style="line-height: 1.25">&#160;
        <hr align="center" style="height: 2px; width: 20%; color: #000000; background-color: #000000; text-align: center; margin-left: auto; margin-right: auto; border: none;"></div>
      <div style="text-align: center; line-height: 1.25;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<br style="line-height: 1.25;">
      </div>
      <div style="line-height: 1.25">&#160;</div>
      <div style="text-align: center; line-height: 1.25; font-weight: bold;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; _____________, 2023</div>
      <div style="line-height: 1.25">&#160;</div>
      <div class="BRPFPageFooter">
        <div style="line-height: 1.25;"><br>
        </div>
        <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" class="BRPFPageBreakArea">
          <div style="page-break-after: always;" class="BRPFPageBreak">
            <hr noshade="noshade" style="border-width: 0px; clear: both; margin: 4px 0px; width: 100%; height: 2px; color: #000000; background-color: #000000;"></div>
        </div>
        <div style="line-height: 1.25;"><br>
        </div>
      </div>
      <div style="text-align: center; line-height: 1.25; font-weight: bold;">PART II</div>
      <div style="line-height: 1.25">&#160;</div>
      <div style="text-align: center; line-height: 1.25; font-weight: bold;">INFORMATION NOT REQUIRED IN PROSPECTUS</div>
      <div style="line-height: 1.25">&#160;</div>
      <div style="line-height: 1.25; font-weight: bold;">Item 8.&#160; Indemnification of Directors and Officers</div>
      <div style="line-height: 1.25">&#160;</div>
      <div style="text-align: justify; text-indent: 36pt; line-height: 1.25;">Our Articles of Association allow the Company to indemnify and insure its office holders to the fullest extent permitted by law.&#160; The indemnification letters that are granted to
        each of the Company&#8217;s present and future office holders cover exemption from, indemnification and insurance of certain liabilities imposed under the Israeli Companies Law, 1999, or the &#8220;Companies Law&#8221;, and the Israeli Securities Law, 1968, or the
        &#8220;Securities Law&#8221;.</div>
      <div style="line-height: 1.25">&#160;</div>
      <div style="text-align: justify; text-indent: 36pt; line-height: 1.25;">Our Articles of Association provide that, subject to the provisions of the Companies Law, we may:</div>
      <div style="line-height: 1.25">&#160;</div>
      <div style="text-align: justify; line-height: 1.25; text-indent: 36pt;"><font style="font-family: 'Times New Roman',Times,serif;">(1)</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="font-family: 'Times New Roman',Times,serif;">Obtain insurance for our office holders
          for liability for an act performed in their respective capacities as an office holder with respect to:</font></div>
      <div style="line-height: 1.25">&#160;</div>
      <table cellspacing="0" cellpadding="0" id="z84ae9810e0c54c539eee2146115fbcb6" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

          <tr>
            <td style="width: 17.85pt;"><br>
            </td>
            <td style="width: 17.85pt; vertical-align: top;">&#8226;</td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div>a breach of the duty of care to us or to another person;</div>
            </td>
          </tr>

      </table>
      <div style="line-height: 1.25">&#160;</div>
      <table cellspacing="0" cellpadding="0" id="zb18c6706b03f402f9fc9286b30723e04" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

          <tr>
            <td style="width: 17.85pt;"><br>
            </td>
            <td style="width: 17.85pt; vertical-align: top;">&#8226;</td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div>a breach of duty of loyalty to us, provided that the officer acted in good faith and had reasonable grounds to assume that the act would not prejudice our interests;</div>
            </td>
          </tr>

      </table>
      <div style="line-height: 1.25">&#160;</div>
      <table cellspacing="0" cellpadding="0" id="z74415ed8447a46f4a684a9d44a1db380" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

          <tr>
            <td style="width: 17.85pt;"><br>
            </td>
            <td style="width: 17.85pt; vertical-align: top;">&#8226;</td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div>monetary liabilities or obligations imposed upon him or her in favor of another person; and/or</div>
            </td>
          </tr>

      </table>
      <div style="line-height: 1.25">&#160;</div>
      <table cellspacing="0" cellpadding="0" id="z4bcdcf9ad4734e96b622c2dde3ae2b29" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

          <tr>
            <td style="width: 17.85pt;"><br>
            </td>
            <td style="width: 17.85pt; vertical-align: top;">&#8226;</td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div>any other event, occurrence or circumstance in respect of which we may lawfully insure an office holder.</div>
            </td>
          </tr>

      </table>
      <div style="line-height: 1.25">&#160;</div>
      <div style="text-align: justify; text-indent: 36pt; line-height: 1.25;">Without derogating from the aforementioned, subject to the provisions of the Companies Law and the Securities Law, we may also enter into a contract to insure an office holder in
        respect of expenses, including reasonable litigation expenses and legal fees, incurred by an office holder in relation to an administrative proceeding instituted against such office holder or payment required to be made to an injured party,
        pursuant to certain provisions of the Securities Law.</div>
      <div style="line-height: 1.25">&#160;</div>
      <div style="text-align: justify; text-indent: 36pt; line-height: 1.25;">(2)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;Undertake to indemnify our office holders or indemnify an office holder for an obligation or expense specified below, imposed on or incurred by the office holder in
        respect of an act or omission performed in his or her capacity as an office holder, as follows: a financial liability imposed on him or her in favor of another person by any judgment, including a settlement or an arbitration award approved by a
        court, reasonable litigation expenses, including attorney&#8217;s fees, incurred by the office holder as a result of an investigation or proceeding instituted against him by a competent authority which concluded without the filing of an indictment
        against him and without the imposition of any financial liability in lieu of criminal proceedings, or which concluded without the filing of an indictment against him but with the imposition of a financial liability in lieu of criminal proceedings
        concerning a criminal offense that does not require proof of criminal intent or in connection with a financial sanction (the phrases &#8220;proceeding concluded without the filing of an indictment&#8221; and &#8220;financial liability in lieu of criminal proceeding&#8221;
        shall have the meaning ascribed to such phrases in section 260(a)(1a) of the Companies Law), reasonable litigation expenses, including attorneys&#8217; fees, expended by an office holder or charged to the office holder by a court, in a proceeding
        instituted against the office holder by the Company or on its behalf or by another person, or in a criminal charge from which the office holder was acquitted, or in a criminal proceeding in which the office holder was convicted of an offense that
        does not require proof of criminal intent, expenses, including reasonable litigation expenses and legal fees, incurred by an office holder in relation to an administrative proceeding instituted against such office holder, or payment required to be
        made to an injured party, pursuant to certain provisions of the Securities Law and/or any other event, occurrence or circumstance in respect of which we may lawfully indemnify an office holder.&#160; In addition, we may undertake to indemnify an office
        holder as aforesaid: (a) prospectively, provided that, in respect of the first act (financial liability) the undertaking is limited to events which in the opinion of the Board of Directors are foreseeable in light of the Company&#8217;s actual operations
        when the undertaking to indemnify is given, and to an amount or criteria set by the Board of Directors as reasonable under the circumstances, and further provided that such events and amount or criteria are set forth in the indemnification
        undertaking; and (b) retroactively.</div>
      <div style="line-height: 1.25">&#160;</div>
      <div style="text-align: justify; text-indent: 36pt; line-height: 1.25;">We may exempt, in advance, an office holder from all or part of such officer&#8217;s liability for damages occurring as a result of a breach of the duty of care (except in connection
        with distributions), to the fullest extent permitted by law. We may also approve an action taken by the office holder performed in breach of the duty of loyalty, if the office holder acted in good faith, the action does not adversely affect us and
        the office holder has disclosed to our board of directors any personal interest in the action.</div>
      <div style="line-height: 1.25">&#160;</div>
      <div style="text-align: justify; text-indent: 36pt; line-height: 1.25;">Notwithstanding the foregoing, we may not insure, indemnify or exempt an office holder for any (i) breach of the duty of loyalty, except that the company may enter into an
        insurance contract or indemnify an office holder if the office holder acted in good faith and had a reasonable basis to believe that the act would not prejudice the company; (ii) a breach of his or her duty of care if the act was committed
        recklessly or with intent, but not if the breach was merely negligent; (iii) act or omission committed with the intent to realize illegal personal gain; or (iv) fine, financial sanction or monetary settlement in lieu of criminal proceedings imposed
        on such office holder.</div>
      <div style="line-height: 1.25">&#160;</div>
      <div style="text-align: justify; text-indent: 36pt; line-height: 1.25;">As required under Israeli law, our Compensation Committee and, to the extent required under Israeli law, our Board of Directors and our shareholders have approved the
        indemnification and insurance of our office holders, as well as the resolutions necessary both to (i) exempt our office holders in advance from any liability for damages arising from a breach of their duty of care to us, to the fullest extent
        permitted by law, and (ii) to provide them with the indemnification, undertakings and insurance coverage they have received from us in accordance with our Articles of Association.</div>
      <div style="line-height: 1.25">&#160;</div>
      <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" class="BRPFPageBreakArea">
        <div style="page-break-after: always;" class="BRPFPageBreak">
          <hr noshade="noshade" style="border-width: 0px; clear: both; margin: 4px 0px; width: 100%; height: 2px; color: #000000; background-color: #000000;"></div>
      </div>
      <!--PROfilePageNumberReset%Num%2%II - %%-->
      <div style="line-height: 1.25; font-weight: bold;">Item 9.&#160;&#160;Exhibits</div>
      <div style="line-height: 1.25">&#160;</div>
      <table cellspacing="0" cellpadding="0" border="0" id="z3254f869ea454e148084b8cf975e3cbb" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

          <tr>
            <td style="width: 10.44%; vertical-align: bottom;">
              <div style="line-height: 1.25; font-weight: bold;">Exhibit</div>
              <div style="line-height: 1.25; font-weight: bold;"><u>Number</u></div>
            </td>
            <td style="width: 89.56%; vertical-align: bottom;">
              <div style="line-height: 1.25; font-weight: bold;"><u>Description</u></div>
            </td>
          </tr>
          <tr>
            <td style="width: 10.44%; vertical-align: top;">
              <div style="line-height: 1.25;">1.1</div>
            </td>
            <td style="width: 89.56%; vertical-align: top;">
              <div style="line-height: 1.25;">Form of Underwriting Agreement (1)</div>
            </td>
          </tr>
          <tr>
            <td style="width: 10.44%; vertical-align: top;">
              <div style="line-height: 1.25;"><a href="https://www.sec.gov/Archives/edgar/data/1119769/000117891317001087/exhibit_1-2.htm">4.1</a></div>
            </td>
            <td style="width: 89.56%; vertical-align: top;">
              <div style="line-height: 1.25;"><a href="https://www.sec.gov/Archives/edgar/data/1119769/000117891317001087/exhibit_1-2.htm">Articles of Association, as amended September 20, 2016 (incorporated herein by reference to Exhibit 1.2 to the
                  Company&#8217;s Annual Report on Form 20-F for the year ended December 31, 2016)</a></div>
            </td>
          </tr>
          <tr>
            <td style="width: 10.44%; vertical-align: top;">
              <div style="line-height: 1.25;">4.2</div>
            </td>
            <td style="width: 89.56%; vertical-align: top;">
              <div style="line-height: 1.25;">Form of Warrant Agreement (1)</div>
            </td>
          </tr>
          <tr>
            <td style="width: 10.44%; vertical-align: top;">
              <div style="line-height: 1.25;">4.3</div>
            </td>
            <td style="width: 89.56%; vertical-align: top;">
              <div style="line-height: 1.25;">Form of Warrant Certificate (1)</div>
            </td>
          </tr>
          <tr>
            <td style="width: 10.44%; vertical-align: top;">
              <div style="line-height: 1.25;">4.4</div>
            </td>
            <td style="width: 89.56%; vertical-align: top;">
              <div style="line-height: 1.25;">Form of Rights Agreement (1)</div>
            </td>
          </tr>
          <tr>
            <td style="width: 10.44%; vertical-align: top;">
              <div style="line-height: 1.25;"><a href="https://www.sec.gov/Archives/edgar/data/1119769/000117891320001205/exhibit_4-5.htm">4.5</a></div>
            </td>
            <td style="width: 89.56%; vertical-align: top;">
              <div style="line-height: 1.25;"><a href="https://www.sec.gov/Archives/edgar/data/1119769/000117891320001205/exhibit_4-5.htm">Form of Indenture (incorporated herein by reference to Exhibit 4.5 to the Company&#8217;s Registration Statement on Form
                  F-3 (File No. 333-237809))</a></div>
            </td>
          </tr>
          <tr>
            <td style="width: 10.44%; vertical-align: top;">
              <div style="line-height: 1.25;">4.6</div>
            </td>
            <td style="width: 89.56%; vertical-align: top;">
              <div style="line-height: 1.25;">Form of Debt Security (1)</div>
            </td>
          </tr>
          <tr>
            <td style="width: 10.44%; vertical-align: top;">
              <div style="line-height: 1.25;">4.7</div>
            </td>
            <td style="width: 89.56%; vertical-align: top;">
              <div style="line-height: 1.25;">Form of Unit Agreement (1)</div>
            </td>
          </tr>
          <tr>
            <td style="width: 10.44%; vertical-align: top;">
              <div style="line-height: 1.25;"><a href="exhibit_5-1.htm">5.1</a></div>
            </td>
            <td style="width: 89.56%; vertical-align: top;">
              <div style="line-height: 1.25;"><a href="exhibit_5-1.htm">Opinion of Shibolet &amp; Co., Law Firm</a></div>
            </td>
          </tr>
          <tr>
            <td style="width: 10.44%; vertical-align: top;">
              <div style="line-height: 1.25;"><a href="exhibit_5-2.htm">5.2</a></div>
            </td>
            <td style="width: 89.56%; vertical-align: top;">
              <div style="line-height: 1.25;"><a href="exhibit_5-2.htm">Opinion of Kramer Levin Naftalis &amp; Frankel LLP</a></div>
            </td>
          </tr>
          <tr>
            <td style="width: 10.44%; vertical-align: top;">
              <div style="line-height: 1.25;"><a href="exhibit_23-1.htm">23.1</a></div>
            </td>
            <td style="width: 89.56%; vertical-align: top;">
              <div style="line-height: 1.25;"><a href="exhibit_23-1.htm">Consent of Kost Forer Gabbay &amp; Kasierer, a member of Ernst &amp; Young Global</a></div>
            </td>
          </tr>
          <tr>
            <td style="width: 10.44%; vertical-align: top;">
              <div style="line-height: 1.25;"><a href="exhibit_5-1.htm">23.2</a></div>
            </td>
            <td style="width: 89.56%; vertical-align: top;">
              <div style="line-height: 1.25;"><a href="exhibit_5-1.htm">Consent of Shibolet &amp; Co., Law Firm (included in the Exhibit 5.1)</a></div>
            </td>
          </tr>
          <tr>
            <td style="width: 10.44%; vertical-align: top;">
              <div style="line-height: 1.25;"><a href="exhibit_5-2.htm">23.3</a></div>
            </td>
            <td style="width: 89.56%; vertical-align: top;">
              <div style="line-height: 1.25;"><a href="exhibit_5-2.htm">Consent of Kramer Levin Naftalis &amp; Frankel LLP (included in the Exhibit 5.2)</a></div>
            </td>
          </tr>
          <tr>
            <td style="width: 10.44%; vertical-align: top;">
              <div style="line-height: 1.25;"><a href="#POWEROFATTORNEY">24</a></div>
            </td>
            <td style="width: 89.56%; vertical-align: top;">
              <div style="line-height: 1.25;"><a href="#POWEROFATTORNEY">Power of Attorney (included on the signature page)</a></div>
            </td>
          </tr>
          <tr>
            <td style="width: 10.44%; vertical-align: top;">
              <div style="line-height: 1.25;">25.1</div>
            </td>
            <td style="width: 89.56%; vertical-align: top;">
              <div style="line-height: 1.25;">Statement of Eligibility of Trustee Under Indenture (2)</div>
            </td>
          </tr>
          <tr>
            <td style="width: 10.44%; vertical-align: top;">
              <div style="line-height: 1.25;"><a href="exhibit_107.htm">107</a></div>
            </td>
            <td style="width: 89.56%; vertical-align: top;">
              <div style="line-height: 1.25;"><a href="exhibit_107.htm">Calculation of Filing Fee Tables</a></div>
            </td>
          </tr>

      </table>
      <div style="line-height: 1.25;"><br style="line-height: 1.25;">
      </div>
      <div style="line-height: 1.25;">(1) To be filed as an exhibit to a post-effective amendment to this registration statement or an exhibit to a Report of Foreign Private Issuer on Form 6-K and incorporated herein by reference.</div>
      <div style="line-height: 1.25;"><br style="line-height: 1.25;">
      </div>
      <div style="line-height: 1.25;">(2) Where applicable, to be incorporated by reference to a subsequent filing in accordance with Section 305(b)(2) of the Trust Indenture Act of 1939, as amended.</div>
      <div style="line-height: 1.25;"><br style="line-height: 1.25;">
      </div>
      <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" class="BRPFPageBreakArea">
        <div style="text-align: center;" class="BRPFPageNumberArea"><font style="font-weight: normal; font-style: normal;" class="BRPFPageNumber">II - 2</font></div>
        <div style="page-break-after: always;" class="BRPFPageBreak">
          <hr noshade="noshade" style="border-width: 0px; clear: both; margin: 4px 0px; width: 100%; height: 2px; color: #000000; background-color: #000000;"></div>
      </div>
      <div style="line-height: 1.25; font-weight: bold;">Item 10. Undertakings</div>
      <div style="line-height: 1.25">&#160;</div>
      <div style="text-align: justify; text-indent: 36pt; line-height: 1.25;">(a)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;The undersigned registrant hereby undertakes:</div>
      <div style="line-height: 1.25">&#160;</div>
      <div style="text-align: justify; text-indent: 36pt; line-height: 1.25;">(1)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;to file, during any period in which offers or sales are being made, a post-effective amendment to this registration statement:</div>
      <div style="line-height: 1.25">&#160;</div>
      <div style="text-align: justify; text-indent: 36pt; margin-left: 36pt; line-height: 1.25;">(i)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;To include any prospectus required by section 10(a)(3) of the Securities Act of 1933;</div>
      <div style="line-height: 1.25">&#160;</div>
      <div style="text-align: justify; text-indent: 36pt; margin-left: 36pt; line-height: 1.25;">(ii)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; To reflect in the prospectus any facts or events arising after the effective date of the registration statement (or the most recent
        post-effective amendment thereof) which, individually or in the aggregate, represent a fundamental change in the information set forth in the registration statement. Notwithstanding the foregoing, any increase or decrease in volume of securities
        offered (if the total dollar value of securities offered would not exceed that which was registered) and any deviation from the low or high end of the estimated maximum offering range may be reflected in the form of prospectus filed with the
        Commission pursuant to Rule 424(b) if, in the aggregate, the changes in volume and price represent no more than a 20% change in the maximum aggregate offering price set forth in the &#8220;Calculation of Registration Fee&#8221; table in the effective
        registration statement;</div>
      <div style="line-height: 1.25">&#160;</div>
      <div style="text-align: justify; text-indent: 36pt; margin-left: 36pt; line-height: 1.25;">(iii)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;To include any material information with respect to the plan of distribution not previously disclosed in the registration statement or any
        material change to such information in the registration statement;</div>
      <div style="line-height: 1.25">&#160;</div>
      <div style="text-align: justify; text-indent: 36pt; line-height: 1.25;"><font style="font-style: italic;">Provided, however</font>, that paragraphs (a)(1)(i), (a)(1)(ii) and (a)(1)(iii) of this section do not apply if the information required to be
        included in a post-effective amendment by those paragraphs is contained in reports filed with or furnished to the Commission by the registrant pursuant to section 13 or section 15(d) of the Securities Exchange Act of 1934 that are incorporated by
        reference in the registration statement, or is contained in a form of prospectus filed pursuant to Rule 424(b) that is part of the registration statement.</div>
      <div style="line-height: 1.25">&#160;</div>
      <div style="text-align: justify; text-indent: 36pt; line-height: 1.25;">(2)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;That, for the purpose of determining any liability under the Securities Act of 1933, each such post-effective amendment shall be deemed to be a new registration
        statement relating to the securities offered therein, and the offering of such securities at that time shall be deemed to be the initial bona fide offering thereof.</div>
      <div style="line-height: 1.25">&#160;</div>
      <div style="text-align: justify; text-indent: 36pt; line-height: 1.25;">(3)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;To remove from registration by means of a post-effective amendment any of the securities being registered which remain unsold at the termination of the offering.</div>
      <div style="line-height: 1.25">&#160;</div>
      <div style="text-align: justify; text-indent: 36pt; line-height: 1.25;">(4)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;To file a post-effective amendment to the registration statement to include any financial statements required by Item 8.A. of Form 20-F at the start of any delayed
        offering or throughout a continuous offering. Financial statements and information otherwise required by Section 10(a)(3) of the Act need not be furnished, provided that the registrant includes in the prospectus, by means of a post-effective
        amendment, financial statements required pursuant to this paragraph (a)(4) and other information necessary to ensure that all other information in the prospectus is at least as current as the date of those financial statements.&#160; Notwithstanding the
        foregoing, a post-effective amendment need not be filed to include financial statements and information otherwise required by Section 10(a)(3) of the Act or Item 8.A of Form 20-F if such financial statements and information are contained in
        periodic reports filed with or furnished to the Commission by the registrant pursuant to section 13 or section 15(d) of the Securities Exchange Act of 1934 that are incorporated by reference in the Form F-3.</div>
      <div style="line-height: 1.25">&#160;</div>
      <div style="text-align: justify; text-indent: 36pt; line-height: 1.25;">(5)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;That, for the purpose of determining liability under the Securities Act of 1933 to any purchaser:</div>
      <div style="line-height: 1.25">&#160;</div>
      <div style="text-align: justify; text-indent: 36pt; margin-left: 36pt; line-height: 1.25;">(i)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;If the registrant is relying on Rule 430B:</div>
      <div style="line-height: 1.25">&#160;</div>
      <div style="text-align: justify; text-indent: 36pt; margin-left: 72pt; line-height: 1.25;">(A)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;Each prospectus filed by the registrant pursuant to Rule 424(b)(3) shall be deemed to be part of the registration statement as of the date the
        filed prospectus was deemed part of and included in the registration statement; and</div>
      <div style="line-height: 1.25">&#160;</div>
      <div style="text-align: justify; text-indent: 36pt; margin-left: 72pt; line-height: 1.25;">(B)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;Each prospectus required to be filed pursuant to Rule 424(b)(2), (b)(5), or (b)(7) as part of a registration statement in reliance on Rule 430B
        relating to an offering made pursuant to Rule 415(a)(1)(i), (vii), or (x) for the purpose of providing the information required by section 10(a) of the Securities Act of 1933 shall be deemed to be part of and included in the registration statement
        as of the earlier of the date such form of prospectus is first used after effectiveness or the date of the first contract of sale of securities in the offering described in the prospectus.&#160; As provided in Rule 430B, for liability purposes of the
        issuer and any person that is at that date an underwriter, such date shall be deemed to be a new effective date of the registration statement relating to the securities in the registration statement to which that prospectus relates, and the
        offering of such securities at that time shall be deemed to be the initial <font style="font-style: italic;">bona fide</font> offering thereof.&#160; <font style="font-style: italic;">Provided, however</font>, that no statement made in a registration
        statement or prospectus that is part of the registration statement or made in a document incorporated or deemed incorporated by reference into the registration statement or prospectus that is part of the registration statement will, as to a
        purchaser with a time of contract of sale prior to such effective date, supersede or modify any statement that was made in the registration statement or prospectus that was part of the registration statement or made in any such document immediately
        prior to such effective date; or</div>
      <div style="line-height: 1.25">&#160;</div>
      <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" class="BRPFPageBreakArea">
        <div style="text-align: center;" class="BRPFPageNumberArea"><font style="font-weight: normal; font-style: normal;" class="BRPFPageNumber">II - 3</font></div>
        <div style="page-break-after: always;" class="BRPFPageBreak">
          <hr noshade="noshade" style="border-width: 0px; clear: both; margin: 4px 0px; width: 100%; height: 2px; color: #000000; background-color: #000000;"></div>
      </div>
      <div style="line-height: 1.25"> <br>
      </div>
      <div style="text-align: justify; text-indent: 36pt; margin-left: 36pt; line-height: 1.25;">(ii)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;If the registrant is subject to Rule 430C, each prospectus filed pursuant to Rule 424(b) as part of a registration statement relating to an
        offering, other than registration statements relying on Rule 430B or other than prospectuses filed in reliance on Rule 430A, shall be deemed to be part of and included in the registration statement as of the date it is first used after
        effectiveness.&#160; <font style="font-style: italic;">Provided, however</font>, that no statement made in a registration statement or prospectus that is part of the registration statement or made in a document incorporated or deemed incorporated by
        reference into the registration statement or prospectus that is part of the registration statement will, as to a purchaser with a time of contract of sale prior to such first use, supersede or modify any statement that was made in the registration
        statement or prospectus that was part of the registration statement or made in any such document immediately prior to such date of first use.</div>
      <div style="line-height: 1.25">&#160;</div>
      <div style="text-align: justify; text-indent: 36pt; line-height: 1.25;">(6)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;That, for the purpose of determining liability of the registrant under the Securities Act of 1933 to any purchaser in the initial distribution of the securities:</div>
      <div style="line-height: 1.25">&#160;</div>
      <div style="text-align: justify; text-indent: 36pt; line-height: 1.25;">The undersigned registrant undertakes that in a primary offering of securities of the undersigned registrant pursuant to this registration statement, regardless of the
        underwriting method used to sell the securities to the purchaser, if the securities are offered or sold to such purchaser by means of any of the following communications, the undersigned registrant will be a seller to the purchaser and will be
        considered to offer or sell such securities to such purchaser:</div>
      <div style="line-height: 1.25">&#160;</div>
      <div style="text-align: justify; text-indent: 36pt; margin-left: 36pt; line-height: 1.25;">(i)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;Any preliminary prospectus or prospectus of the undersigned registrant relating to the offering required to be filed pursuant to Rule 424; (ii)
        Any free writing prospectus relating to the offering prepared by or on behalf of the undersigned registrant or used or referred to by the undersigned registrant; (iii) The portion of any other free writing prospectus relating to the offering
        containing material information about the undersigned registrant or its securities provided by or on behalf of the undersigned registrant; and (iv) Any other communication that is an offer in the offering made by the undersigned registrant to the
        purchaser.</div>
      <div style="line-height: 1.25">&#160;</div>
      <div style="text-align: justify; text-indent: 36pt; line-height: 1.25;">(b)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;The undersigned registrant hereby undertakes that, for purposes of determining any liability under the Securities Act of 1933, each filing of the registrant&#8217;s annual
        report pursuant to Section 13(a) or Section 15(d) of the Securities Exchange Act of 1934 (and, where applicable, each filing of an employee benefit plan&#8217;s annual report pursuant to Section 15(d) of the Securities Exchange Act of 1934) that is
        incorporated by reference in the registration statement shall be deemed to be a new registration statement relating to the securities offered therein, and the offering of such securities at that time shall be deemed to be the initial <font style="font-style: italic;">bona fide</font> offering thereof.</div>
      <div style="line-height: 1.25">&#160;</div>
      <div style="text-align: justify; text-indent: 36pt; line-height: 1.25;">(c)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;Insofar as indemnification for liabilities arising under the Securities Act of 1933 may be permitted to directors, officers and controlling persons of the registrant
        pursuant to the foregoing provisions, or otherwise, the registrant has been advised that in the opinion of the Securities and Exchange Commission such indemnification is against public policy as expressed in the Act and is, therefore,
        unenforceable.&#160; In the event that a claim for indemnification against such liabilities (other than the payment by the registrant of expenses incurred or paid by a director, officer or controlling person of the registrant in the successful defense
        of any action, suit or proceeding) is asserted by such director, officer or controlling person in connection with the securities being registered, the registrant will, unless in the opinion of its counsel the matter has been settled by controlling
        precedent, submit to a court of appropriate jurisdiction the question of whether such indemnification by it is against public policy as expressed in the Act and will be governed by the final adjudication of such issue.</div>
      <div style="line-height: 1.25">&#160;</div>
      <div style="text-align: justify; text-indent: 36pt; line-height: 1.25;">(d)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;The undersigned registrant hereby undertakes that:</div>
      <div style="line-height: 1.25">&#160;</div>
      <div style="text-align: justify; text-indent: 45pt; line-height: 1.25;">(1)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;For purposes of determining any liability under the Securities Act of 1933, the information omitted from the form of prospectus filed as part of this registration
        statement in reliance upon Rule 430A and contained in a form of prospectus filed by the registrant pursuant to Rule 424(b)(1) or (4), or 497(h) under the Securities Act of 1933 shall be deemed to be part of this registration statement as of the
        time it was declared effective.</div>
      <div style="line-height: 1.25">&#160;</div>
      <div style="text-align: justify; text-indent: 45pt; line-height: 1.25;">(2)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;For the purpose of determining any liability under the Securities Act of 1933, each post-effective amendment that contains a form of prospectus shall be deemed to be
        a new registration statement relating to the securities offered therein, and the offering of such securities at that time shall be deemed to be the initial <font style="font-style: italic;">bona fide</font> offering thereof.</div>
      <div style="line-height: 1.25">&#160;</div>
      <div style="text-align: justify; text-indent: 36pt; line-height: 1.25;">(e)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;The undersigned registrant hereby undertakes to file an application for the purpose of determining the eligibility of the trustee to act under subsection (a) of
        Section 310 of the Trust Indenture Act, in accordance with the rules and regulations prescribed by the Commission under section 305(b)2 of the Trust Indenture Act.</div>
      <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" class="BRPFPageBreakArea">
        <div style="text-align: center;" class="BRPFPageNumberArea"><font style="font-weight: normal; font-style: normal;" class="BRPFPageNumber">II - 4</font></div>
        <div style="page-break-after: always;" class="BRPFPageBreak">
          <hr noshade="noshade" style="border-width: 0px; clear: both; margin: 4px 0px; width: 100%; height: 2px; color: #000000; background-color: #000000;"></div>
      </div>
      <div class="BRPFPageHeader">
        <div style="line-height: 1.25;"><br style="line-height: 1.25;">
        </div>
      </div>
      <div style="text-align: center; line-height: 1.25; font-weight: bold;">SIGNATURES</div>
      <div style="line-height: 1.25">&#160;</div>
      <div style="text-align: justify; text-indent: 36pt; line-height: 1.25;">Pursuant to the requirements of the Securities Act of 1933, the registrant certifies that it has reasonable grounds to believe that it meets all of the requirements for filing on
        Form F-3 and has duly caused this Registration Statement to be signed on its behalf by the undersigned, thereunto duly authorized, in the City of Rosh Ha&#8217;Ayin, State of Israel, on May 4, 2023.</div>
      <div style="line-height: 1.25">&#160;</div>
      <div style="line-height: 1.25;">
        <table cellspacing="0" cellpadding="0" border="0" style="width: 100%; border-collapse: separate; font-family: 'Times New Roman', Times, serif; font-size: 10pt;">

            <tr>
              <td valign="top" style="width: 50%;">&#160;</td>
              <td valign="top" style="width: 38%;" colspan="2">CERAGON NETWORKS LTD.</td>
              <td valign="top" style="width: 12%;">&#160;</td>
            </tr>
            <tr>
              <td valign="top" style="width: 50%;">&#160;</td>
              <td valign="top" style="width: 3%;">&#160;</td>
              <td valign="top" style="width: 35%;">&#160;</td>
              <td valign="top" style="width: 12%;">&#160;</td>
            </tr>
            <tr>
              <td valign="top" align="left" style="width: 50%; padding-bottom: 2px;"><br>
              </td>
              <td valign="top" style="width: 3%; padding-bottom: 2px;">
                <div align="left" style="margin-left: 0pt; text-indent: 0pt; margin-right: 0pt">By: </div>
              </td>
              <td valign="top" nowrap="nowrap" align="left" style="width: 35%; border-bottom: #000000 2px solid">/s/ Doron Arazi</td>
              <td valign="top" style="width: 12%; padding-bottom: 2px;">&#160;</td>
            </tr>
            <tr>
              <td valign="top" style="width: 50%;">&#160;</td>
              <td valign="top" style="width: 3%;">&#160;</td>
              <td valign="bottom" nowrap="nowrap" align="left" style="width: 35%;">Name: Doron Arazi</td>
              <td valign="top" style="width: 12%;">&#160;</td>
            </tr>
            <tr>
              <td valign="top" style="width: 50%;">&#160;</td>
              <td valign="top" style="width: 3%;">&#160;</td>
              <td valign="top" style="width: 35%;">Title: <font style="font-family: 'Times New Roman',Times,serif;">Chief Executive Officer</font> </td>
              <td valign="top" style="width: 12%;">&#160;</td>
            </tr>
            <tr>
              <td valign="top" style="width: 50%;">&#160;</td>
              <td valign="top" style="width: 3%;">&#160;</td>
              <td valign="top" style="width: 35%;">&#160;</td>
              <td valign="top" style="width: 12%;">&#160;</td>
            </tr>

        </table>
      </div>
      <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" class="BRPFPageBreakArea">
        <div style="text-align: center;" class="BRPFPageNumberArea"><font style="font-weight: normal; font-style: normal;" class="BRPFPageNumber">II - 5</font></div>
        <div style="page-break-after: always;" class="BRPFPageBreak">
          <hr noshade="noshade" style="border-width: 0px; clear: both; margin: 4px 0px; width: 100%; height: 2px; color: #000000; background-color: #000000;"></div>
      </div>
      <div style="text-align: center; line-height: 1.25; font-weight: bold;"><a name="POWEROFATTORNEY"><!--Anchor--></a>POWER OF ATTORNEY</div>
      <div style="line-height: 1.25">&#160;</div>
      <div style="text-align: justify; text-indent: 36pt; line-height: 1.25;">That the undersigned officers and directors of Ceragon Networks Ltd, an Israeli corporation, do hereby constitute and appoint Doron Arazi, Chief Executive Officer, Ronen Stein,
        Chief Financial Officer, and Hadar Vismunski Weinberg, General Counsel, and each of them individually, with full powers of substitution and re substitution, the lawful attorneys-in-fact and agents with full power and authority to do any and all
        acts and things and to execute any and all instruments which said attorneys and agents determine may be necessary or advisable or required to enable said corporation to comply with the Securities Act of 1933, as amended, and any rules or
        regulations or requirements of the Securities and Exchange Commission in connection with this Registration Statement. Without limiting the generality of the foregoing power and authority, the powers granted include the power and authority to sign
        the names of the undersigned officers and directors in the capacities indicated below to this Registration Statement, to any and all amendments, both pre-effective and post-effective, and supplements to this Registration Statement, and to any and
        all instruments or documents filed as part of or in conjunction with this Registration Statement or amendments or supplements thereof, and each of the undersigned hereby ratifies and confirms what said attorneys and agents shall do or cause to be
        done by virtue hereof.&#160; This Power of Attorney may be signed in several counterparts.</div>
      <div style="line-height: 1.25">&#160;</div>
      <div style="text-align: justify; text-indent: 36pt; line-height: 1.25;">IN WITNESS WHEREOF, each of the undersigned has executed this Power of Attorney as of the date indicated.</div>
      <div style="line-height: 1.25">&#160;</div>
      <div style="text-align: justify; text-indent: 36pt; line-height: 1.25;">Pursuant to the requirements of the Securities Act of 1933, as amended, this Registration Statement has been signed below by the following persons in the capacities and on the
        dates indicated:</div>
      <div style="line-height: 1.25">&#160;</div>
      <table cellspacing="0" cellpadding="0" id="zf12ce5d5b0384cff934ed2662210e97e" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

          <tr>
            <td style="width: 29.43%; vertical-align: top;">
              <div style="line-height: 1.25; font-weight: bold;"><u>Signature</u></div>
            </td>
            <td style="width: 2.4%; vertical-align: top;">&#160;</td>
            <td style="width: 45.07%; vertical-align: top;">
              <div style="line-height: 1.25; font-weight: bold;"><u>Title</u></div>
            </td>
            <td style="width: 2.4%; vertical-align: top;">&#160;</td>
            <td style="width: 20.69%; vertical-align: top;">
              <div style="line-height: 1.25; font-weight: bold;"><u>Date</u></div>
            </td>
          </tr>
          <tr>
            <td style="width: 29.43%; vertical-align: top;">&#160;</td>
            <td style="width: 2.4%; vertical-align: top;">&#160;</td>
            <td style="width: 45.07%; vertical-align: top;">&#160;</td>
            <td style="width: 2.4%; vertical-align: top;">&#160;</td>
            <td style="width: 20.69%; vertical-align: top;">&#160;</td>
          </tr>
          <tr>
            <td style="width: 29.43%; vertical-align: bottom; border-bottom: #000000 2px solid;">
              <div style="line-height: 1.25;">/s/ Doron Arazi</div>
            </td>
            <td style="width: 2.4%; vertical-align: top;">&#160;</td>
            <td style="width: 45.07%; vertical-align: top;">
              <div style="line-height: 1.25;">Chief Executive Officer</div>
            </td>
            <td style="width: 2.4%; vertical-align: top;">&#160;</td>
            <td style="width: 20.69%; vertical-align: top;">
              <div style="line-height: 1.25;">May 4, 2023</div>
            </td>
          </tr>
          <tr>
            <td style="width: 29.43%; vertical-align: bottom;" rowspan="1">
              <div style="margin-left: 9pt; line-height: 1.25;">Doron Arazi</div>
            </td>
            <td style="width: 2.4%; vertical-align: top;" rowspan="1">&#160;</td>
            <td style="width: 45.07%; vertical-align: top;" rowspan="1">
              <div style="line-height: 1.25;">(Principal Executive Officer)</div>
            </td>
            <td style="width: 2.4%; vertical-align: top;" rowspan="1">&#160;</td>
            <td style="width: 20.69%; vertical-align: top;" rowspan="1">&#160;</td>
          </tr>
          <tr>
            <td style="width: 29.43%; vertical-align: top;"><br>
            </td>
            <td style="width: 70.57%; vertical-align: top;" colspan="4">&#160;</td>
          </tr>
          <tr>
            <td style="width: 29.43%; vertical-align: bottom; border-bottom: #000000 2px solid;">
              <div style="line-height: 1.25;">/s/ Ronen Stein</div>
            </td>
            <td style="width: 2.4%; vertical-align: top;">&#160;</td>
            <td style="width: 45.07%; vertical-align: top;">
              <div style="line-height: 1.25;">Chief Financial Officer</div>
            </td>
            <td style="width: 2.4%; vertical-align: top;">&#160;</td>
            <td style="width: 20.69%; vertical-align: top;">
              <div style="line-height: 1.25;">May 4, 2023</div>
            </td>
          </tr>
          <tr>
            <td style="width: 29.43%; vertical-align: bottom;" rowspan="1">
              <div style="margin-left: 9pt; line-height: 1.25;">Ronen Stein</div>
            </td>
            <td style="width: 2.4%; vertical-align: top;" rowspan="1">&#160;</td>
            <td style="width: 45.07%; vertical-align: top;" rowspan="1">
              <div style="line-height: 1.25;">(Principal Financial Officer and Principal Accounting Officer)</div>
            </td>
            <td style="width: 2.4%; vertical-align: top;" rowspan="1">&#160;</td>
            <td style="width: 20.69%; vertical-align: top;" rowspan="1">&#160;</td>
          </tr>
          <tr>
            <td style="width: 29.43%; vertical-align: top;"><br>
            </td>
            <td style="width: 70.57%; vertical-align: top;" colspan="4">&#160;</td>
          </tr>
          <tr>
            <td style="width: 29.43%; vertical-align: bottom; border-bottom: #000000 2px solid;">
              <div style="line-height: 1.25;">/s/ Zohar Zisapel</div>
            </td>
            <td style="width: 2.4%; vertical-align: top;">&#160;</td>
            <td style="width: 45.07%; vertical-align: top;">
              <div style="line-height: 1.25;">Director, Chairman of the Board</div>
            </td>
            <td style="width: 2.4%; vertical-align: top;">&#160;</td>
            <td style="width: 20.69%; vertical-align: top;">
              <div style="line-height: 1.25;">May 4, 2023</div>
            </td>
          </tr>
          <tr>
            <td style="width: 29.43%; vertical-align: top;">
              <div style="margin-left: 9pt; line-height: 1.25;">Zohar Zisapel</div>
            </td>
            <td style="width: 2.4%; vertical-align: top;">&#160;</td>
            <td style="width: 45.07%; vertical-align: top;">&#160;</td>
            <td style="width: 2.4%; vertical-align: top;">&#160;</td>
            <td style="width: 20.69%; vertical-align: top;">&#160;</td>
          </tr>
          <tr>
            <td style="width: 29.43%; vertical-align: top;">&#160;</td>
            <td style="width: 2.4%; vertical-align: top;">&#160;</td>
            <td style="width: 45.07%; vertical-align: top;">&#160;</td>
            <td style="width: 2.4%; vertical-align: top;">&#160;</td>
            <td style="width: 20.69%; vertical-align: top;">&#160;</td>
          </tr>
          <tr>
            <td style="width: 29.43%; vertical-align: top; border-bottom: #000000 2px solid;">
              <div style="line-height: 1.25;">/s/ Shlomo Liran</div>
            </td>
            <td style="width: 2.4%; vertical-align: top;">&#160;</td>
            <td style="width: 45.07%; vertical-align: top;">
              <div style="line-height: 1.25;">Director</div>
            </td>
            <td style="width: 2.4%; vertical-align: top;">&#160;</td>
            <td style="width: 20.69%; vertical-align: top;">
              <div style="line-height: 1.25;">May 4, 2023</div>
            </td>
          </tr>
          <tr>
            <td style="width: 29.43%; vertical-align: top;">
              <div style="margin-left: 9pt; line-height: 1.25;">Shlomo Liran</div>
            </td>
            <td style="width: 2.4%; vertical-align: top;">&#160;</td>
            <td style="width: 45.07%; vertical-align: top;">&#160;</td>
            <td style="width: 2.4%; vertical-align: top;">&#160;</td>
            <td style="width: 20.69%; vertical-align: top;">&#160;</td>
          </tr>
          <tr>
            <td style="width: 29.43%; vertical-align: top;">&#160;</td>
            <td style="width: 2.4%; vertical-align: top;">&#160;</td>
            <td style="width: 45.07%; vertical-align: top;">&#160;</td>
            <td style="width: 2.4%; vertical-align: top;">&#160;</td>
            <td style="width: 20.69%; vertical-align: top;">&#160;</td>
          </tr>
          <tr>
            <td style="width: 29.43%; vertical-align: top; border-bottom: #000000 2px solid;">
              <div style="line-height: 1.25;">/s/ Rami Hadar</div>
            </td>
            <td style="width: 2.4%; vertical-align: top;">&#160;</td>
            <td style="width: 45.07%; vertical-align: top;">
              <div style="line-height: 1.25;">Director</div>
            </td>
            <td style="width: 2.4%; vertical-align: top;">&#160;</td>
            <td style="width: 20.69%; vertical-align: top;">
              <div style="line-height: 1.25;">May 4, 2023</div>
            </td>
          </tr>
          <tr>
            <td style="width: 29.43%; vertical-align: top;">
              <div style="margin-left: 9pt; line-height: 1.25;">Rami Hadar</div>
            </td>
            <td style="width: 2.4%; vertical-align: top;">&#160;</td>
            <td style="width: 45.07%; vertical-align: top;">&#160;</td>
            <td style="width: 2.4%; vertical-align: top;">&#160;</td>
            <td style="width: 20.69%; vertical-align: top;">&#160;</td>
          </tr>
          <tr>
            <td style="width: 29.43%; vertical-align: top;">&#160;</td>
            <td style="width: 2.4%; vertical-align: top;">&#160;</td>
            <td style="width: 45.07%; vertical-align: top;">&#160;</td>
            <td style="width: 2.4%; vertical-align: top;">&#160;</td>
            <td style="width: 20.69%; vertical-align: top;">&#160;</td>
          </tr>
          <tr>
            <td style="width: 29.43%; vertical-align: top; border-bottom: #000000 2px solid;">
              <div style="line-height: 1.25;">/s/ Efrat Makov</div>
            </td>
            <td style="width: 2.4%; vertical-align: top;">&#160;</td>
            <td style="width: 45.07%; vertical-align: top;">
              <div style="line-height: 1.25;">Director</div>
            </td>
            <td style="width: 2.4%; vertical-align: top;">&#160;</td>
            <td style="width: 20.69%; vertical-align: top;">
              <div style="line-height: 1.25;">May 4, 2023</div>
            </td>
          </tr>
          <tr>
            <td style="width: 29.43%; vertical-align: top;">
              <div style="margin-left: 9pt; line-height: 1.25;">Efrat Makov</div>
            </td>
            <td style="width: 2.4%; vertical-align: top;">&#160;</td>
            <td style="width: 45.07%; vertical-align: top;">&#160;</td>
            <td style="width: 2.4%; vertical-align: top;">&#160;</td>
            <td style="width: 20.69%; vertical-align: top;">&#160;</td>
          </tr>
          <tr>
            <td style="width: 29.43%; vertical-align: top;">&#160;</td>
            <td style="width: 2.4%; vertical-align: top;">&#160;</td>
            <td style="width: 45.07%; vertical-align: top;">&#160;</td>
            <td style="width: 2.4%; vertical-align: top;">&#160;</td>
            <td style="width: 20.69%; vertical-align: top;">&#160;</td>
          </tr>
          <tr>
            <td style="width: 29.43%; vertical-align: top; border-bottom: #000000 2px solid;">
              <div style="line-height: 1.25;">/s/ Ilan Rosen</div>
            </td>
            <td style="width: 2.4%; vertical-align: top;">&#160;</td>
            <td style="width: 45.07%; vertical-align: top;">
              <div style="line-height: 1.25;">Director</div>
            </td>
            <td style="width: 2.4%; vertical-align: top;">&#160;</td>
            <td style="width: 20.69%; vertical-align: top;">
              <div style="line-height: 1.25;">May 4, 2023</div>
            </td>
          </tr>
          <tr>
            <td style="width: 29.43%; vertical-align: top;">
              <div style="margin-left: 9pt; line-height: 1.25;">Ilan Rosen</div>
            </td>
            <td style="width: 2.4%; vertical-align: top;">&#160;</td>
            <td style="width: 45.07%; vertical-align: top;">&#160;</td>
            <td style="width: 2.4%; vertical-align: top;">&#160;</td>
            <td style="width: 20.69%; vertical-align: top;">&#160;</td>
          </tr>
          <tr>
            <td style="width: 29.43%; vertical-align: top;">&#160;</td>
            <td style="width: 2.4%; vertical-align: top;">&#160;</td>
            <td style="width: 45.07%; vertical-align: top;">&#160;</td>
            <td style="width: 2.4%; vertical-align: top;">&#160;</td>
            <td style="width: 20.69%; vertical-align: top;">&#160;</td>
          </tr>
          <tr>
            <td style="width: 29.43%; vertical-align: top; border-bottom: #000000 2px solid;">
              <div style="line-height: 1.25;">/s/ David Ripstein</div>
            </td>
            <td style="width: 2.4%; vertical-align: top;">&#160;</td>
            <td style="width: 45.07%; vertical-align: top;">
              <div style="line-height: 1.25;">Director</div>
            </td>
            <td style="width: 2.4%; vertical-align: top;">&#160;</td>
            <td style="width: 20.69%; vertical-align: top;">
              <div style="line-height: 1.25;">May 4, 2023</div>
            </td>
          </tr>
          <tr>
            <td style="width: 29.43%; vertical-align: top;">
              <div style="margin-left: 9pt; line-height: 1.25;">David Ripstein</div>
            </td>
            <td style="width: 2.4%; vertical-align: top;">&#160;</td>
            <td style="width: 45.07%; vertical-align: top;">&#160;</td>
            <td style="width: 2.4%; vertical-align: top;">&#160;</td>
            <td style="width: 20.69%; vertical-align: top;">&#160;</td>
          </tr>
          <tr>
            <td style="width: 29.43%; vertical-align: top;">&#160;</td>
            <td style="width: 2.4%; vertical-align: top;">&#160;</td>
            <td style="width: 45.07%; vertical-align: top;">&#160;</td>
            <td style="width: 2.4%; vertical-align: top;">&#160;</td>
            <td style="width: 20.69%; vertical-align: top;">&#160;</td>
          </tr>
          <tr>
            <td style="width: 29.43%; vertical-align: top; border-bottom: #000000 2px solid;">
              <div style="line-height: 1.25;">/s/ Ira Palti</div>
            </td>
            <td style="width: 2.4%; vertical-align: top;">&#160;</td>
            <td style="width: 45.07%; vertical-align: top;">
              <div style="line-height: 1.25;">Director</div>
            </td>
            <td style="width: 2.4%; vertical-align: top;">&#160;</td>
            <td style="width: 20.69%; vertical-align: top;">
              <div style="line-height: 1.25;">May 4, 2023</div>
            </td>
          </tr>
          <tr>
            <td style="width: 29.43%; vertical-align: top;">
              <div style="margin-left: 9.35pt; line-height: 1.25;">Ira Palti</div>
            </td>
            <td style="width: 2.4%; vertical-align: top;">&#160;</td>
            <td style="width: 45.07%; vertical-align: top;">&#160;</td>
            <td style="width: 2.4%; vertical-align: top;">&#160;</td>
            <td style="width: 20.69%; vertical-align: top;">&#160;</td>
          </tr>

      </table>
      <div style="line-height: 1.25;"><br style="line-height: 1.25;">
      </div>
      <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" class="BRPFPageBreakArea">
        <div style="text-align: center;" class="BRPFPageNumberArea"><font style="font-weight: normal; font-style: normal;" class="BRPFPageNumber">II - 6</font></div>
        <div style="page-break-after: always;" class="BRPFPageBreak">
          <hr noshade="noshade" style="border-width: 0px; clear: both; margin: 4px 0px; width: 100%; height: 2px; color: #000000; background-color: #000000;"></div>
      </div>
      <div class="BRPFPageHeader">
        <div style="line-height: 1.25;"><br style="line-height: 1.25;">
        </div>
      </div>
      <div style="text-align: center; line-height: 1.25; font-weight: bold;">AUTHORIZED REPRESENTATIVE</div>
      <div style="line-height: 1.25;">&#160;</div>
      <div style="text-indent: 36pt; line-height: 1.25;">Pursuant to the requirements of Section&#160;6(a)&#160;of the Securities Act of 1933, the undersigned has signed this Registration Statement on&#160;Form&#160;F-3, solely in the capacity of the duly authorized
        representative of Ceragon Networks Ltd. in the United States, on May 4, 2023.</div>
      <div style="line-height: 1.25;">&#160;</div>
      <div style="line-height: 1.25;">
        <table cellspacing="0" cellpadding="0" border="0" style="width: 100%; border-collapse: separate; font-family: 'Times New Roman', Times, serif; font-size: 10pt;">

            <tr>
              <td valign="top" style="width: 50%;">&#160;</td>
              <td valign="top" style="width: 38%;" colspan="2">
                <div style="text-align: left; line-height: 1.25;">Ceragon Networks Inc.</div>
              </td>
              <td valign="top" style="width: 12%;">&#160;</td>
            </tr>
            <tr>
              <td valign="top" style="width: 50%;">&#160;</td>
              <td valign="top" style="width: 3%;">&#160;</td>
              <td valign="top" style="width: 35%;">&#160;</td>
              <td valign="top" style="width: 12%;">&#160;</td>
            </tr>
            <tr>
              <td valign="top" align="left" style="width: 50%; padding-bottom: 2px;"><br>
              </td>
              <td valign="top" style="width: 3%; padding-bottom: 2px;">
                <div align="left" style="margin-left: 0pt; text-indent: 0pt; margin-right: 0pt">By: </div>
              </td>
              <td valign="top" nowrap="nowrap" align="left" style="width: 35%; border-bottom: #000000 2px solid">/s/ Doron Arazi</td>
              <td valign="top" style="width: 12%; padding-bottom: 2px;">&#160;</td>
            </tr>
            <tr>
              <td valign="top" style="width: 50%;">&#160;</td>
              <td valign="top" style="width: 3%;">&#160;</td>
              <td valign="bottom" nowrap="nowrap" align="left" style="width: 35%;">Name: Doron Arazi</td>
              <td valign="top" style="width: 12%;">&#160;</td>
            </tr>
            <tr>
              <td valign="top" style="width: 50%;">&#160;</td>
              <td valign="top" style="width: 3%;">&#160;</td>
              <td valign="top" style="width: 35%;">Title: <font style="font-family: 'Times New Roman',Times,serif;">Chief Executive Officer</font> </td>
              <td valign="top" style="width: 12%;">&#160;</td>
            </tr>
            <tr>
              <td valign="top" style="width: 50%;">&#160;</td>
              <td valign="top" style="width: 3%;">&#160;</td>
              <td valign="top" style="width: 35%;">&#160;</td>
              <td valign="top" style="width: 12%;">&#160;</td>
            </tr>

        </table>
      </div>
      <div>
        <div style="text-align: center;" class="BRPFPageNumberArea"><font style="font-weight: normal; font-style: normal;" class="BRPFPageNumber"> <br>
          </font></div>
        <div style="text-align: center;" class="BRPFPageNumberArea"><font style="font-weight: normal; font-style: normal;" class="BRPFPageNumber">II - 7</font></div>
      </div>
      <br>
      <div class="BRPFPageHeader">
        <div style="line-height: 1.25;">
          <hr align="center" style="border: none; border-bottom: 4px solid black; border-top: 1px solid black; height: 10px; color: #ffffff; background-color: #ffffff; text-align: center; margin-left: auto; margin-right: auto;"></div>
      </div>
      <br>
    </div>
  </div>
  <div style="text-align: center;" class="BRPFPageNumberArea"><br>
  </div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-5.1
<SEQUENCE>2
<FILENAME>exhibit_5-1.htm
<DESCRIPTION>EXHIBIT 5.1
<TEXT>
<html>
  <head>
    <title></title>
    <!-- Licensed to: Z-K Global
         Document created using Broadridge PROfile 23.3.1.5138
         Copyright 1995 - 2023 Broadridge -->
  </head>
<body bgcolor="#ffffff" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; text-align: left; color: #000000;">
  <div>
    <hr align="center" style="border: none; border-bottom: 1px solid black; border-top: 4px solid black; height: 10px; color: #ffffff; background-color: #ffffff; text-align: center; margin-left: auto; margin-right: auto;">
    <div> <br>
    </div>
    <div style="text-align: right;"><u><font style="font-weight: bold;"> Exhibit 5.1</font></u><br>
    </div>
    <div> <br>
    </div>
    <div>
      <div class="BRPFPageHeader">
        <div style="text-align: center; line-height: 1.25;"><img src="image00004.jpg"></div>
        <div style="line-height: 1.25;"><br style="line-height: 1.25;">
        </div>
      </div>
      <div style="text-align: center; line-height: 1.25;">Tel Aviv, May 4, 2023</div>
      <div style="line-height: 1.25;"><br style="line-height: 1.25;">
      </div>
      <div style="line-height: 1.25;">Ceragon Networks Ltd.</div>
      <div style="text-align: justify; line-height: 1.25;">3 Uri Ariav St., Bldg. A (7th Floor)</div>
      <div style="text-align: justify; line-height: 1.25;">PO Box 112,</div>
      <div style="text-align: justify; line-height: 1.25;">Rosh Ha&#8217;Ayin, 4810002</div>
      <div style="line-height: 1.25; font-weight: bold;"><u>Israel</u></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;">Re: <u>Ceragon Networks Ltd. -
            Registration Statement on Form F-3 for the Offer and Sale of Securities</u></div>
      <div style="line-height: 1.25;"><br style="line-height: 1.25;">
      </div>
      <div style="line-height: 1.25;">Ladies and Gentlemen:</div>
      <div style="line-height: 1.25">&#160;</div>
      <div style="text-align: justify; text-indent: 36pt; line-height: 1.25;">We have acted as Israeli counsel to Ceragon Networks Ltd., an Israeli company (the "Company"), in connection with
        the registration on Form F-3 (the "Registration Statement") under the Securities Act of 1933, as amended (the "Act"), and as shall be set forth in one or more supplements
          to the Registration Statement (each, a "Prospectus Supplement"), of any or all of the following securities (the "Securities"): (i) ordinary shares of the Company, par value of NIS 0.01 each&#160;("Ordinary Shares"), (ii) rights to purchase
        Ordinary Shares, warrants or debt securities that are registered thereby ("Rights"), (iii) warrants to purchase Ordinary Shares ("Warrants"), (iv) debt securities ("Debt Securities"), and (v) units consisting of the Company's Ordinary Shares,
        Rights, Warrants, Debt Securities or any combination of such securities ("Units"), for offer and sale from time to time in one or more offerings by the Company of Securities having an aggregate offering price of up to US$ 150,000,000.</div>
      <div style="line-height: 1.25">&#160;</div>
      <div style="text-align: justify; text-indent: 36pt; line-height: 1.25;">The Rights may be issued under a
          standby underwriting arrangement between the Company and one or more underwriters pursuant to which such underwriters will purchase any offered Securities remaining unsubscribed for after such Rights offering (the "Rights&#160;Agreement"), and a
          Rights agent that may act solely as the Company's agent in connection with the Rights offering may be appointed (the "Rights&#160;Agent"). Any series of Warrants covered by the Registration Statement may be issued under a separate warrant agreement
          (the "Warrant&#160;Agreement") which may be entered into between the Company and a warrant agent (the "Warrant&#160;Agent"). The Debt Securities may be issued under an indenture among the Company, a trustee (the "Trustee") and the holders from time
        to time of the Debt Securities (the "Indenture"). The Units may be issued under a unit agreement (the "Unit&#160;Agreement") between the Company and a unit agent (the
          "Unit&#160;Agent").</div>
      <div style="line-height: 1.25">&#160;</div>
      <div style="text-align: justify; text-indent: 36pt; line-height: 1.25;">This opinion is being furnished in accordance with the requirements of Item 601(b)(5)(i) of Regulation S-K.</div>
      <div style="line-height: 1.25">&#160;</div>
      <div style="text-align: justify; text-indent: 36pt; line-height: 1.25;">In our capacity as your Israeli counsel in connection with your preparation and filing of the Registration
        Statement, we have examined and relied without investigation as to matters of fact upon the Registration Statement and the exhibits thereto, and upon such certificates, statements and results of inquiries of public officials and office holders and
        representatives of the Company and originals or copies, certified or otherwise identified to our satisfaction, of such other documents, corporate records, certificates and instruments as we have deemed necessary or appropriate to enable us to
        render the opinions expressed herein. We have assumed the genuineness of all signatures on all documents examined by us, the legal competence and capacity of all natural persons, the correctness and completeness of certificates of public officials
        and the representations set forth therein, the authenticity of all documents submitted to us as originals and the conformity to authentic original documents of all documents submitted to us as copies. As to any facts material to the opinions
        expressed herein which were not independently established or verified, we have relied upon oral or written statements and representations of officers and other representatives of the Company.</div>
      <div style="line-height: 1.25">&#160;</div>
      <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" class="BRPFPageBreakArea">
        <div style="page-break-after: always;" class="BRPFPageBreak">
          <hr noshade="noshade" style="border-width: 0px; clear: both; margin: 4px 0px; width: 100%; height: 2px; color: #000000; background-color: #000000;"></div>
      </div>
      <!--PROfilePageNumberReset%Num%2%%%-->
      <div style="text-align: justify; text-indent: 36pt; line-height: 1.25;">We have further assumed that: (i) at
          the time of execution, issuance and delivery of any Rights, the related Rights Agreement will have been duly authorized, executed and delivered by the parties thereto and will be the valid and legally binding obligation of the Rights Agent,
          enforceable against such party in accordance with its terms; (ii) at the time of execution, issuance and delivery of any Warrants covered by the Registration Statement, the related Warrant Agreement will have been duly authorized, executed and
          delivered by the Company and the Warrant Agent and will be the valid and legally binding obligation of the Warrant Agent, enforceable against such party in accordance with its terms; (iii) at the time of execution, authentication,
        issuance and delivery of any Debt Securities, the related Indenture will have been duly authorized, executed and delivered by the Company and the Trustee; (iv) at the time
          of execution, issuance and delivery of the Units, the Unit Agreement will have been duly authorized, executed and delivered by the Company and the Unit Agent and will be the valid and legally binding obligation of the Unit Agent, enforceable
          against such party in accordance with its terms; and (v) at the time of the issuance and sale of any of the Securities, the terms of such Securities, and their issuance and sale, will have been established so as not to violate any applicable law
          or result in a default under or breach of any agreement or instrument binding upon the Company and so as to comply with any requirement or restriction imposed by any court or governmental body having jurisdiction over the Company.</div>
      <div style="line-height: 1.25">&#160;</div>
      <div style="text-align: justify; text-indent: 36pt; line-height: 1.25;">For the purpose of the opinions expressed below, we have assumed further that after the issuance of the Ordinary
        Shares pursuant to the Registration Statement, the total number of issued Ordinary Shares, together with the total number of Ordinary Shares reserved for issuance upon the exercise, exchange or conversion, as the case may be, of any exercisable,
        exchangeable or convertible security then outstanding, will not exceed the authorized share capital under the Company's Articles of Association.</div>
      <div style="line-height: 1.25">&#160;</div>
      <div style="text-align: justify; line-height: 1.25; font-family: 'Times New Roman',Times,serif; text-indent: 36pt;">Based upon the foregoing, in reliance thereon and subject to the assumptions, comments, qualifications,
        limitations and exceptions stated herein and the effectiveness of the Registration Statement under the Act, we are of the opinion that:</div>
      <div style="line-height: 1.25">&#160;</div>
      <div style="line-height: 1.25;">
        <div style="text-indent: 36pt;"><font style="font-family: 'Times New Roman',Times,serif;">1.</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="font-family: 'Times New Roman',Times,serif;">With respect to the
            Ordinary Shares, assuming the taking of all necessary corporate action to authorize and approve the issuance of any Ordinary Shares, the terms of the offering thereof and related matters, upon payment of the consideration therefor provided for
            in the applicable definitive purchase, underwriting or similar agreement approved by the board of directors and otherwise in accordance with the provisions of the applicable convertible Securities, if any, such Ordinary Shares will be validly
            issued, fully paid and non-assessable.</font></div>
        <div style="line-height: 1.25; text-indent: 36pt;">&#160;</div>
        <div style="text-indent: 36pt;"><font style="font-family: 'Times New Roman',Times,serif;">2.</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="font-family: 'Times New Roman',Times,serif;">With respect to the
            Warrants, assuming the (a) taking of all necessary corporate action to authorize and approve the issuance and terms of any Warrants, the terms of the offering thereof and related matters and (b) due execution, authentication, issuance and
            delivery of such Warrants upon payment of the consideration therefor provided for in the applicable definitive purchase, underwriting or similar agreement approved by the board of directors and otherwise in accordance with the provisions of the
            applicable Warrant Agreement, such Warrants will constitute valid and legally binding obligations of the Company.</font></div>
        <div style="line-height: 1.25; text-indent: 36pt;">&#160;</div>
        <div style="text-indent: 36pt;"><font style="font-family: 'Times New Roman',Times,serif;">3.</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="font-family: 'Times New Roman',Times,serif;">With respect to the Rights, assuming the: (a) taking of all necessary corporate action to authorize and approve the issuance and terms of any Rights, the terms of the offering
              thereof and related matters; and (b) due authorization, execution, issuance and delivery, in&#160;accordance with the terms of the applicable underwriting or other agreement, the Rights&#160;will constitute valid and legally&#160;binding obligations
            of the Company, enforceable against the Company in accordance with their terms.</font></div>
        <div style="line-height: 1.25; text-indent: 36pt;">&#160;</div>
        <div style="text-indent: 36pt;"><font style="font-family: 'Times New Roman',Times,serif;">4.</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="font-family: 'Times New Roman',Times,serif;">With respect to the Debt Securities,&#160;assuming the: (a) taking of all necessary corporate action to authorize and&#160;&#160;approve the issuance and terms of any Debt Securities, the terms of
              the offering thereof and related matters; and (b) due execution, authentication, issuance and delivery of such Debt Securities in accordance with the Indenture upon payment of the consideration therefore provided for in the applicable
              definitive purchase, underwriting or similar agreement approved by the board of directors and otherwise in accordance with the provisions of the Indenture, such Debt Securities will constitute valid and legally binding obligations of
            the Company.</font></div>
        <div style="line-height: 1.25; text-indent: 36pt;">&#160;</div>
        <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" class="BRPFPageBreakArea">
          <div style="text-align: center;" class="BRPFPageNumberArea"><font style="font-weight: normal; font-style: normal;" class="BRPFPageNumber">2</font></div>
          <div style="page-break-after: always;" class="BRPFPageBreak">
            <hr noshade="noshade" style="border-width: 0px; clear: both; margin: 4px 0px; width: 100%; height: 2px; color: #000000; background-color: #000000;"></div>
        </div>
        <div style="text-indent: 36pt;"><font style="font-family: 'Times New Roman',Times,serif;">5.</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="font-family: 'Times New Roman',Times,serif;">With respect to the Units,
            assuming the: (a) taking of all necessary corporate action to authorize and approve the issuance and the terms of the Units, the related Unit Agreement and any Securities which are components of the Units, the terms of the offering thereof and
            related matters; and (b) due execution, countersignature (where applicable), authentication, issuance and delivery of the Units and the Securities that are components of such Units in each case upon the payment of the consideration therefore
            provided for in the applicable definitive purchase, underwriting or similar agreement approved by the board of directors, and otherwise in accordance with the provisions of the applicable: (i) Rights Agreement, in the case of Rights; and (ii)
            Warrant Agreement, in the case of Warrants, such Units will be validly issued and will entitle the holders thereof to the rights specified in the Unit Agreements.</font></div>
        <div style="line-height: 1.25; text-indent: 36pt;">&#160;</div>
      </div>
      <div style="text-align: justify; line-height: 1.25; font-family: 'Times New Roman',Times,serif; text-indent: 36pt;">In addition to the assumptions, comments, qualifications, limitations and exceptions set forth above, the
        opinions set forth herein are further limited by, subject to and based upon the following assumptions, comments, qualifications, limitations and exceptions:</div>
      <div style="line-height: 1.25; text-indent: 36pt;">&#160;</div>
      <div style="text-indent: 36pt;"><font style="font-family: 'Times New Roman',Times,serif;">1.</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="font-family: 'Times New Roman',Times,serif;">We are opining herein as to
          the effect on the subject transaction only of the internal laws of the State of Israel, and we express no opinion with respect to the applicability thereto, or the effect thereon, of the laws of any other jurisdiction. In rendering our opinions,
          we have not considered, and hereby disclaim any opinion as to, the application or impact of any laws, cases, decisions, rules or regulations of any other jurisdiction, court or administrative agency. This opinion is expressly limited to the
          matters set forth above, and we render no opinion, whether by implication or otherwise, as to any other matters.</font></div>
      <div style="line-height: 1.25; text-indent: 36pt;">&#160;</div>
      <div style="text-indent: 36pt;"><font style="font-family: 'Times New Roman',Times,serif;">2.</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="font-family: 'Times New Roman',Times,serif;">Our opinions herein are
          subject to and may be limited by: (i) applicable bankruptcy, insolvency, reorganization, receivership, moratorium and other similar laws affecting or relating to the rights and remedies of creditors generally including, without limitation, laws
          relative to fraudulent conveyances, preference and equitable subordination; (ii) general principles of equity (regardless of whether considered in a proceeding in equity or at law); and (iii) principles of good faith and fair dealing.</font></div>
      <div style="line-height: 1.25; text-indent: 36pt;">&#160;</div>
      <div style="text-indent: 36pt;"><font style="font-family: 'Times New Roman',Times,serif;">3.</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="font-family: 'Times New Roman',Times,serif;">Our opinions are further
          subject to the effect of generally applicable rules of law arising from statutes, judicial and administrative decisions, and the rules and regulations of governmental authorities that: (i) limit or affect the enforcement of provisions of a
          contract that purport to require waiver of the obligations of good faith, fair dealing, diligence and reasonableness; (ii) limit the availability of a remedy under certain circumstances where another remedy has been elected; (iii) limit the
          enforceability of provisions releasing, exculpating or exempting a party from, or requiring indemnification of a party for, liability for its own action or inaction, to the extent the action or inaction involves negligence, recklessness, willful
          misconduct or unlawful conduct; (iv) may, where less than all of the contract may be unenforceable, limit the enforceability of the balance of the contract to circumstances in which the unenforceable portion is not an essential part of the agreed
          exchange; and (v) govern and afford judicial discretion regarding the determination of damages and entitlement to attorneys' fees.</font></div>
      <div style="line-height: 1.25; text-indent: 36pt;">&#160;</div>
      <div style="text-indent: 36pt;"><font style="font-family: 'Times New Roman',Times,serif;">4.</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="font-family: 'Times New Roman',Times,serif;">You have informed us that you
          intend to issue the Securities from time to time on a delayed or continuous basis, and this opinion is limited to the laws, including the rules and regulations, as in effect on the date hereof. We understand that prior to issuing any Securities
          you will afford us an opportunity to review the operative documents pursuant to which such Securities are to be issued (including the applicable Prospectus Supplement) and any required governmental approvals with respect thereto, and will file
          such supplement or amendment to this opinion (if any) as we may reasonably consider necessary or appropriate by reason of the terms of such Securities.</font></div>
      <div style="line-height: 1.25; text-indent: 36pt;">&#160;</div>
      <div style="text-align: justify; line-height: 1.25; font-family: 'Times New Roman',Times,serif; text-indent: 36pt;">We consent to the filing of this opinion letter as Exhibit 5.1 to the Registration Statement and to the use
        of our name under the caption "Legal Matters" in the prospectus included in the Registration Statement. In giving this consent, we do not thereby admit that we are within the category of persons whose consent is required under Section 7 of the
        Securities Act or the rules and regulations promulgated thereunder.</div>
      <div style="line-height: 1.25; text-indent: 36pt;">&#160;</div>
      <div style="text-align: justify; line-height: 1.25; font-family: 'Times New Roman',Times,serif; text-indent: 36pt;">This opinion letter is rendered as of the date first written above and we disclaim any obligation to advise
        you of facts, circumstances, events or developments, including, without limitation, in the law, which hereafter may be brought to our attention and which may alter, affect or modify the opinion expressed herein.&#160;&#160;Our opinion is expressly limited to
        the matters set forth above and we render no opinion, whether by implication or otherwise, as to any other matters relating to the Company or the Ordinary Shares, except as set forth above.</div>
      <div style="line-height: 1.25">&#160;</div>
      <table cellspacing="0" cellpadding="0" border="0" id="zcdef86f2c9db44d9bd898dfe665b69c8" style="font-family: 'Times New Roman',Times,serif; font-size: 10pt; width: 100%; text-align: left; color: rgb(0, 0, 0);">

          <tr>
            <td style="width: 50.01%; vertical-align: top;">
              <div style="line-height: 1.25; font-family: 'Times New Roman', Times, serif;">&#160;</div>
            </td>
            <td style="width: 3%; vertical-align: top;">
              <div style="line-height: 1.25; font-family: 'Times New Roman', Times, serif;">&#160;</div>
            </td>
            <td style="width: 35%; vertical-align: top;">
              <div style="text-align: center; line-height: 1.25; font-family: 'Times New Roman', Times, serif;">Very truly yours,</div>
            </td>
            <td style="width: 12%; vertical-align: top;">
              <div style="line-height: 1.25; font-family: 'Times New Roman', Times, serif;">&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 50.01%; vertical-align: top;">
              <div style="line-height: 1.25; font-family: 'Times New Roman', Times, serif;">&#160;</div>
            </td>
            <td style="width: 3%; vertical-align: top;">
              <div style="line-height: 1.25; font-family: 'Times New Roman', Times, serif;">&#160;</div>
            </td>
            <td nowrap="nowrap" style="width: 35%; vertical-align: top;">&#160;</td>
            <td style="width: 12%; vertical-align: top;">
              <div style="line-height: 1.25; font-family: 'Times New Roman', Times, serif;">&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 50.01%; vertical-align: top;">
              <div style="line-height: 1.25; font-family: 'Times New Roman', Times, serif;">&#160;</div>
            </td>
            <td style="width: 3%; vertical-align: top;">
              <div style="line-height: 1.25; font-family: 'Times New Roman', Times, serif;">&#160;</div>
            </td>
            <td nowrap="nowrap" style="width: 35%; vertical-align: bottom;">
              <div style="text-align: center; line-height: 1.25; font-family: 'Times New Roman', Times, serif;"><u>/s/ Shibolet &amp; Co., Law Firm</u></div>
              <div style="text-align: center; line-height: 1.25; font-family: 'Times New Roman', Times, serif;">Shibolet &amp; Co., Law Firm</div>
            </td>
            <td style="width: 12%; vertical-align: top;">
              <div style="line-height: 1.25; font-family: 'Times New Roman', Times, serif;">&#160;</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;">&#160;<font style="font-family: 'Times New Roman',Times,serif; font-weight: normal; font-style: normal;" class="BRPFPageNumber">3</font></div>
      <div style="line-height: 1.25;">
        <hr align="center" style="border: none; border-bottom: 4px solid black; border-top: 1px solid black; height: 10px; color: #ffffff; background-color: #ffffff; text-align: center; margin-left: auto; margin-right: auto;"></div>
      <div class="BRPFPageFooter">
        <div style="line-height: 1.25;"><br style="line-height: 1.25;">
        </div>
        <div style="line-height: 1.25;"><br style="line-height: 1.25;">
        </div>
      </div>
    </div>
  </div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-5.2
<SEQUENCE>3
<FILENAME>exhibit_5-2.htm
<DESCRIPTION>EXHIBIT 5.2
<TEXT>
<html>
  <head>
    <title></title>
    <!-- Licensed to: Z-K Global
         Document created using Broadridge PROfile 23.3.1.5138
         Copyright 1995 - 2023 Broadridge -->
  </head>
<body bgcolor="#ffffff" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; text-align: left; color: #000000;">
  <div>
    <hr align="center" style="border: none; border-bottom: 1px solid black; border-top: 4px solid black; height: 10px; color: #ffffff; background-color: #ffffff; text-align: center; margin-left: auto; margin-right: auto;">
    <div> <br>
    </div>
    <div style="text-align: right;"><u><font style="font-weight: bold;"> Exhibit 5.2</font></u><br>
    </div>
    <div> <br>
    </div>
    <div>
      <div class="BRPFPageHeader">
        <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;" id="zc2fc6391d34c4bd98d115e237f77cff3">

            <tr>
              <td style="width: 86.62%; vertical-align: top;">
                <div style="line-height: 1.25; font-weight: bold;"> <img src="image00007.jpg"></div>
                <div style="line-height: 1.25; font-weight: bold;"> <br>
                </div>
                <div style="line-height: 1.25; font-weight: bold;"> <br>
                </div>
              </td>
              <td style="vertical-align: top; width: 13.38%;">
                <div style="text-align: right; line-height: 1.25;"><img src="image00008.jpg"></div>
              </td>
            </tr>

        </table>
        <div style="line-height: 1.25;"><br style="line-height: 1.25;">
        </div>
        <div style="line-height: 1.25;">
          <table cellspacing="0" cellpadding="0" border="0" id="zed7ce9fc6faa43d2b619e542317c487b" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; color: #000000; width: 100%;">

              <tr>
                <td style="width: 50.00%;">
                  <div>&#160;</div>
                </td>
                <td style="width: 50.00%;">
                  <div style="text-align: left; line-height: 1.25;">1177 Avenue of the Americas<br>
                    New York, NY 10036</div>
                  <div style="text-align: left; line-height: 1.25;">T&#160; 212.715.9100</div>
                  <div style="text-align: left; line-height: 1.25;">F&#160; 212.715.8000</div>
                </td>
              </tr>

          </table>
        </div>
        <div style="line-height: 1.25;"><br>
        </div>
      </div>
      <div style="line-height: 1.25;">May 4, 2023</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="z3c5ec255a514471687b5621fc1e632a0">

          <tr>
            <td style="width: 100%; vertical-align: top;">
              <div style="line-height: 1.25;">Ceragon Networks Ltd.<br>
                3 Uri Ariav St., Building A (7<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">th</sup> Floor)</div>
              <div style="line-height: 1.25;">P.O. Box 112<br>
                Rosh Ha&#8217;Ayin, Israel 4810002</div>
            </td>
          </tr>

      </table>
      <div style="line-height: 1.25;"><br style="line-height: 1.25;">
      </div>
      <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="z8e267dbaf84a47dcbdacc18c4dcc06c5">

          <tr>
            <td style="width: 36pt; vertical-align: top;">Re:</td>
            <td style="width: auto; vertical-align: top;">
              <div>Registration Statement on Form F-3</div>
            </td>
          </tr>

      </table>
      <div style="line-height: 1.25">&#160;</div>
      <div style="line-height: 1.25;">Ladies and Gentlemen:</div>
      <div style="line-height: 1.25">&#160;</div>
      <div style="text-align: justify; text-indent: 36pt; line-height: 1.25;">We have acted as special United States counsel to Ceragon Networks Ltd., a company incorporated under the laws of the State of Israel (the &#8220;<u>Company</u>&#8221;), in connection with
        the preparation and filing by the Company of a Registration Statement on Form F-3 (the &#8220;<u>Registration Statement</u>&#8221;) with the Securities and Exchange Commission (the &#8220;<u>Commission</u>&#8221;) under the Securities Act of 1933, as amended (the &#8220;<u>Securities
          Act</u>&#8221;), relating to, among other things, debt securities (the &#8220;<u>Debt Securities</u>&#8221;), which may be issued pursuant to an indenture (an &#8220;<u>Indenture</u>&#8221;), as amended or supplemented from time to time, between the Company and a trustee or
        bank to be named in the Indenture. The Debt Securities may be offered and sold by the Company from time to time as set forth in the Registration Statement, any amendment thereto, the prospectus contained therein and supplements to the prospectus,
        pursuant to Rule 415 under the Securities Act.</div>
      <div style="line-height: 1.25">&#160;</div>
      <div style="text-align: justify; text-indent: 36pt; line-height: 1.25;">In rendering this opinion, we have reviewed a copy of the Registration Statement and have also reviewed such other documents and made such other investigations as we have deemed
        appropriate. As to various questions of fact material to this opinion, we have relied upon statements, representations and certificates of officers or representatives of the Company, public officials and others. We have not independently verified
        the facts so relied on.</div>
      <div style="line-height: 1.25">&#160;</div>
      <div style="text-align: justify; text-indent: 36pt; line-height: 1.25;">In arriving at the opinion expressed below, we have assumed that:</div>
      <div style="line-height: 1.25">&#160;</div>
      <div style="text-align: justify; text-indent: 36pt; line-height: 1.25;">(a) all Debt Securities will be issued and sold in compliance with applicable federal and state securities laws and in the manner stated in the Registration Statement and the
        appropriate prospectus supplement;</div>
      <div style="line-height: 1.25">&#160;</div>
      <div style="text-align: justify; text-indent: 36pt; line-height: 1.25;">(b) a definitive purchase, underwriting or similar agreement and any other necessary agreement with respect to any Debt Securities will have been duly authorized and validly
        executed and delivered by the Company and the other party or parties thereto;</div>
      <div style="line-height: 1.25">&#160;</div>
      <div class="BRPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
        <div class="BRPFPageBreak" style="page-break-after: always;">
          <hr noshade="noshade" style="border-width: 0px; clear: both; margin: 4px 0px; width: 100%; height: 2px; color: #000000; background-color: #000000;"></div>
      </div>
      <div style="line-height: 1.25"> <br>
      </div>
      <div style="text-align: justify; text-indent: 36pt; line-height: 1.25;">(c) any securities issuable upon conversion, exercise or exchange of, or to be purchased or sold pursuant to, any Debt Securities being offered or issued will be duly authorized,
        created and, if appropriate, reserved for issuance upon such conversion, exercise or exchange; and</div>
      <div style="line-height: 1.25">&#160;</div>
      <div style="text-align: justify; text-indent: 36pt; line-height: 1.25;">(d) each Indenture and supplemental indenture will be governed by the laws of the State of New York and will be the valid and binding obligation of each party thereto other than
        the Company, enforceable against such party in accordance with its terms.</div>
      <div style="line-height: 1.25">&#160;</div>
      <div style="text-align: justify; text-indent: 36pt; line-height: 1.25;">Based upon the foregoing, and subject to the qualifications, limitations and assumptions set forth herein, we are of the opinion that, assuming that the issuance and terms of any
        Debt Securities and the terms of the offering thereof have been duly authorized, when (i) the Indenture or supplemental indenture relating to the Debt Securities have been duly authorized, executed and delivered by all parties thereto and duly
        qualified under the Trust Indenture Act of 1939, as amended, and the trustee thereunder has been qualified to act as trustee under the Indenture, (ii) the terms of the Debt Securities to be issued under the Indenture and the applicable supplemental
        indenture and of their issuance and sale have been duly established in conformity with the Indenture and the applicable supplemental indenture so as not to violate any applicable law or result in a default under or breach of any agreement or
        instrument binding on the Company, and so as to comply with any requirement or restriction imposed by any court or governmental or regulatory body having jurisdiction over the Company, and (iii) the Debt Securities have been duly executed and
        authenticated in accordance with the Indenture and the applicable supplemental indenture and issued, sold as contemplated in the Registration Statement and any prospectus supplement relating thereto, and in accordance with any underwriting
        agreement, and delivered on behalf of the Company against payment therefor in accordance with the Indenture and the supplemental indenture, such Debt Securities will constitute valid and binding obligations of the Company.</div>
      <div style="line-height: 1.25">&#160;</div>
      <div style="text-align: justify; text-indent: 36pt; line-height: 1.25;">The opinion set forth above is qualified (x) by the effects of applicable laws relating to bankruptcy, insolvency, and other similar laws relating to or affecting the rights and
        remedies of creditors generally, (y) with respect to the remedies of specific performance and injunctive and other forms of equitable relief, by the availability of equitable defenses and the discretion of the court before which any enforcement
        thereof may be brought and (z) by general principles of equity, including, without limitation, concepts of materiality, reasonableness, good faith and fair dealing (regardless of whether considered in a proceeding in equity or at law).</div>
      <div style="line-height: 1.25">&#160;</div>
      <div style="text-align: justify; text-indent: 36pt; line-height: 1.25;">We express no opinion as to any laws other than the laws of the State of New York (the &#8220;Relevant Laws&#8221;).</div>
      <div style="line-height: 1.25">&#160;</div>
      <div style="text-align: justify; text-indent: 36pt; line-height: 1.25;">The opinion expressed herein is based upon the Relevant Laws and interpretations thereof in effect on the date hereof, and the facts and circumstances in existence on the date
        hereof, and we assume no obligation to revise or supplement this opinion letter should any such law or interpretation be changed by legislative action, judicial decision or otherwise or should there be any change in such facts or circumstances.</div>
      <div style="line-height: 1.25">&#160;</div>
      <div style="text-align: justify; text-indent: 36pt; line-height: 1.25;">We hereby consent to the use of this opinion as Exhibit 5.2 to the Registration Statement and to the use of our name under the caption &#8220;Legal Matters&#8221; in the prospectus included
        in the Registration Statement. In giving this consent, we do not thereby admit that we are within the category of persons whose consent is required under Section 7 of the Securities Act or the rules and regulations promulgated thereunder.</div>
      <div style="line-height: 1.25">&#160;</div>
      <div style="line-height: 1.25;">Very truly yours,</div>
      <div style="line-height: 1.25">&#160;</div>
      <div style="line-height: 1.25">
        <div style="line-height: 1.25;">/s/ Kramer Levin Naftalis &amp; Frankel LLP</div>
      </div>
      <div style="line-height: 1.25;">KRAMER LEVIN NAFTALIS &amp; FRANKEL LLP</div>
      <div style="line-height: 1.25;"><br style="line-height: 1.25;">
      </div>
      <div style="line-height: 1.25; text-align: center;">&#160;2</div>
      <div style="line-height: 1.25; text-align: center;">
        <hr align="center" style="border: none; border-bottom: 4px solid black; border-top: 1px solid black; height: 10px; color: #ffffff; background-color: #ffffff; margin-left: auto; margin-right: auto;"> </div>
    </div>
  </div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-23.1
<SEQUENCE>4
<FILENAME>exhibit_23-1.htm
<DESCRIPTION>EXHIBIT 23.1
<TEXT>
<html>
  <head>
    <title></title>
    <!-- Licensed to: Z-K Global
         Document created using Broadridge PROfile 23.3.1.5138
         Copyright 1995 - 2023 Broadridge -->
  </head>
<body bgcolor="#ffffff" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; text-align: left; color: #000000;">
  <div>
    <hr align="center" style="border: none; border-bottom: 1px solid black; border-top: 4px solid black; height: 10px; color: #ffffff; background-color: #ffffff; text-align: center; margin-left: auto; margin-right: auto;">
    <div> <br>
    </div>
    <div>
      <div style="text-align: right; line-height: 1.25; font-family: 'Times New Roman',Times,serif; font-weight: bold;"><u> Exhibit 23.1</u><br>
      </div>
      <div style="text-align: center; line-height: 1.25; font-weight: bold;"> <br>
      </div>
      <div style="text-align: center; line-height: 1.25; font-weight: bold;">CONSENT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM</div>
      <div style="line-height: 1.25;">&#160;</div>
      <div style="text-align: justify; line-height: 1.25;">We consent to the reference to our firm under the caption &#8220;Experts&#8221; in the Registration Statement&#160; (Form F-3) and related Prospectus
        of Ceragon Networks Ltd., for the registration of ordinary shares, rights, warrants, debt securities and units and to the incorporation by reference therein of our reports dated May 1, 2023 with respect to the consolidated financial statements of
        Ceragon Networks Ltd. and the effectiveness of internal control over financial reporting of Ceragon Networks Ltd., included in its Annual Report (Form 20-F) for the year ended December 31, 2022, filed with the Securities and Exchange Commission.</div>
      <div style="line-height: 1.25;"><br style="line-height: 1.25;">
      </div>
      <table cellspacing="0" cellpadding="0" id="z9e2f0da6f99b4b0da88e2b1193ad42aa" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

          <tr>
            <td style="width: 50.22%; vertical-align: top;">
              <div style="line-height: 1.25;">Tel Aviv, Israel</div>
            </td>
            <td nowrap="nowrap" style="width: 49.78%; vertical-align: top;">
              <div style="text-align: center; line-height: 1.25;">/s/&#160;KOST, FORER, GABBAY &amp; KASIERER</div>
            </td>
          </tr>
          <tr>
            <td style="width: 50.22%; vertical-align: top;">
              <div style="line-height: 1.25;">May 4, 2023</div>
            </td>
            <td style="width: 49.78%; vertical-align: top;">
              <div style="text-align: center; line-height: 1.25;">A member of EY Global</div>
            </td>
          </tr>

      </table>
      <div style="line-height: 1.25;">&#160;</div>
      <div style="line-height: 1.25;"><br style="line-height: 1.25;">
      </div>
      <div style="line-height: 1.25;">
        <hr align="center" style="border: none; border-bottom: 4px solid black; border-top: 1px solid black; height: 10px; color: #ffffff; background-color: #ffffff; text-align: center; margin-left: auto; margin-right: auto;"></div>
    </div>
  </div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-FILING FEES
<SEQUENCE>5
<FILENAME>exhibit_107.htm
<DESCRIPTION>EXHIBIT 107
<TEXT>
<html>
  <head>
    <title></title>
    <!-- Licensed to: Z-K Global
         Document created using Broadridge PROfile 23.3.1.5138
         Copyright 1995 - 2023 Broadridge -->
  </head>
<body bgcolor="#ffffff" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; text-align: left; color: #000000;">
  <div>
    <hr align="center" style="border: none; border-bottom: 1px solid black; border-top: 4px solid black; height: 10px; color: #ffffff; background-color: #ffffff; text-align: center; margin-left: auto; margin-right: auto;">
    <div><br>
    </div>
    <div>
      <div style="text-align: right; line-height: 1.25; font-weight: bold;"><u>Exhibit 107</u></div>
      <div style="line-height: 1.25">&#160;</div>
      <div style="text-align: center; line-height: 1.25; font-weight: bold;">Calculation of Filing Fee Tables</div>
      <div style="text-align: center; text-indent: 0.05pt; line-height: 1.25; font-weight: bold;">Form F-3</div>
      <div style="text-align: center; text-indent: 0.05pt; line-height: 1.25;">(Form Type)</div>
      <div style="text-align: center; text-indent: 0.05pt; line-height: 1.25; font-weight: bold;">Ceragon Networks Ltd.</div>
      <div style="text-align: center; text-indent: 0.05pt; line-height: 1.25;">(Exact Name of Registrant as Specified in its Charter)</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;">Table 1: Newly Registered and Carry Forward Securities</div>
      <div style="line-height: 1.25">&#160;</div>
      <table cellspacing="0" cellpadding="2" border="0" style="font-family: 'Times New Roman',Times,serif; font-size: 10pt; width: 100%; text-align: left; color: rgb(0, 0, 0);">

          <tr>
            <td style="width: 13.4%; vertical-align: top; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0);">&#160;</td>
            <td style="width: 7.39%; vertical-align: bottom; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0);">
              <div style="text-align: center; line-height: 1.25; font-family: 'Times New Roman', Times, serif; font-weight: bold;">Security Type</div>
            </td>
            <td style="width: 5.43%; vertical-align: bottom; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0);">
              <div style="text-align: center; line-height: 1.25; font-family: 'Times New Roman', Times, serif;"><font style="font-weight: bold;">Security</font><br>
                <font style="font-weight: bold;">Class</font><br>
                <font style="font-weight: bold;">Title</font><sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">(1)</sup></div>
            </td>
            <td style="width: 7.42%; vertical-align: bottom; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0);">
              <div style="text-align: center; line-height: 1.25; font-family: 'Times New Roman', Times, serif; font-weight: bold;">Fee<br>
                Calculation<br>
                or Carry<br>
                Forward Rule</div>
            </td>
            <td style="width: 9.25%; vertical-align: bottom; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0);">
              <div style="text-align: center; text-indent: 4.15pt; line-height: 1.25; font-family: 'Times New Roman', Times, serif;"><font style="font-weight: bold;">Amount</font><br>
                <font style="font-weight: bold;">Registered</font>(1)(2)</div>
            </td>
            <td style="width: 6.44%; vertical-align: bottom; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0);">
              <div style="text-align: center; line-height: 1.25; font-family: 'Times New Roman', Times, serif; font-weight: bold;">Proposed<br>
                Maximum<br>
                Offering Price<br>
                Per Unit</div>
            </td>
            <td style="width: 9.25%; vertical-align: bottom; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0);">
              <div style="text-align: center; line-height: 1.25; font-family: 'Times New Roman', Times, serif;"><font style="font-weight: bold;">Maximum</font><br>
                <font style="font-weight: bold;">Aggregate</font><br>
                <font style="font-weight: bold;">Offering Price</font>(1)</div>
            </td>
            <td style="width: 5.81%; vertical-align: bottom; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0);">
              <div style="text-align: center; text-indent: 1.9pt; line-height: 1.25; font-family: 'Times New Roman', Times, serif; font-weight: bold;">Fee Rate</div>
            </td>
            <td style="width: 9.25%; vertical-align: bottom; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0);">
              <div style="text-align: center; line-height: 1.25; font-family: 'Times New Roman', Times, serif; font-weight: bold;">Amount of<br>
                Registration Fee</div>
            </td>
            <td style="width: 6.44%; vertical-align: bottom; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0);">
              <div style="text-align: center; line-height: 1.25; font-family: 'Times New Roman', Times, serif; font-weight: bold;">Carry Forward Form Type</div>
            </td>
            <td style="width: 6.44%; vertical-align: bottom; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0);">
              <div style="text-align: center; line-height: 1.25; font-family: 'Times New Roman', Times, serif; font-weight: bold;">Carry Forward File Number</div>
            </td>
            <td style="width: 6.44%; vertical-align: bottom; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0);">
              <div style="text-align: center; line-height: 1.25; font-family: 'Times New Roman', Times, serif; font-weight: bold;">Carry Forward Initial Effective Date</div>
            </td>
            <td style="width: 7.04%; vertical-align: bottom; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0);">
              <div style="text-align: center; line-height: 1.25; font-family: 'Times New Roman', Times, serif; font-weight: bold;">Filing Fee Previously Paid In Connection with Unsold Securities to be Carried Forward</div>
            </td>
          </tr>
          <tr>
            <td style="width: 73.63%; vertical-align: middle; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0);" colspan="9">
              <div style="text-align: center; line-height: 1.25; font-family: 'Times New Roman', Times, serif; font-weight: bold;">Newly Registered Securities</div>
            </td>
            <td style="width: 6.44%; vertical-align: top; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0);">&#160;</td>
            <td style="width: 6.44%; vertical-align: top; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0);">&#160;</td>
            <td style="width: 6.44%; vertical-align: top; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0);">&#160;</td>
            <td style="width: 7.04%; vertical-align: top; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0);">&#160;</td>
          </tr>
          <tr>
            <td style="width: 13.4%; vertical-align: middle; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0);">&#160;</td>
            <td style="width: 7.39%; vertical-align: middle; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0);">
              <div style="text-align: center; line-height: 1.25; font-family: 'Times New Roman', Times, serif;">&#8213;</div>
            </td>
            <td style="width: 5.43%; vertical-align: middle; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0);">
              <div style="text-align: center; line-height: 1.25; font-family: 'Times New Roman', Times, serif;">&#8213;</div>
            </td>
            <td style="width: 7.42%; vertical-align: middle; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0);">
              <div style="text-align: center; line-height: 1.25; font-family: 'Times New Roman', Times, serif;">&#8213;</div>
            </td>
            <td style="width: 9.25%; vertical-align: middle; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0);">
              <div style="text-align: center; line-height: 1.25; font-family: 'Times New Roman', Times, serif;">&#8213;</div>
            </td>
            <td style="width: 6.44%; vertical-align: middle; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0);">
              <div style="text-align: center; line-height: 1.25; font-family: 'Times New Roman', Times, serif;">&#8213;</div>
            </td>
            <td style="width: 9.25%; vertical-align: middle; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0);">
              <div style="text-align: center; line-height: 1.25; font-family: 'Times New Roman', Times, serif;">&#8213;</div>
            </td>
            <td style="width: 5.81%; vertical-align: middle; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0);">
              <div style="text-align: center; line-height: 1.25; font-family: 'Times New Roman', Times, serif;">&#8213;</div>
            </td>
            <td style="width: 9.25%; vertical-align: middle; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0);">
              <div style="text-align: center; line-height: 1.25; font-family: 'Times New Roman', Times, serif;">&#8213;</div>
            </td>
            <td style="width: 6.44%; vertical-align: top; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0);">&#160;</td>
            <td style="width: 6.44%; vertical-align: top; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0);">&#160;</td>
            <td style="width: 6.44%; vertical-align: top; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0);">&#160;</td>
            <td style="width: 7.04%; vertical-align: top; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0);">&#160;</td>
          </tr>
          <tr>
            <td style="width: 73.63%; vertical-align: middle; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0);" colspan="9">
              <div style="text-align: center; line-height: 1.25; font-family: 'Times New Roman', Times, serif; font-weight: bold;">Carry Forward Securities</div>
            </td>
            <td style="width: 6.44%; vertical-align: top; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0);">&#160;</td>
            <td style="width: 6.44%; vertical-align: top; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0);">&#160;</td>
            <td style="width: 6.44%; vertical-align: top; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0);">&#160;</td>
            <td style="width: 7.04%; vertical-align: top; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0);">&#160;</td>
          </tr>
          <tr>
            <td style="width: 13.4%; vertical-align: middle; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0);">
              <div style="text-align: center; line-height: 1.25; font-family: 'Times New Roman', Times, serif;">Carry Forward Securities</div>
            </td>
            <td style="width: 7.39%; vertical-align: middle; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0);">
              <div style="text-align: center; line-height: 1.25; font-family: 'Times New Roman', Times, serif;">Equity</div>
            </td>
            <td style="width: 5.43%; vertical-align: middle; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0);">
              <div style="text-align: center; line-height: 1.25; font-family: 'Times New Roman', Times, serif;">Ordinary Shares, par value NIS 0.01 per share</div>
            </td>
            <td style="width: 7.42%; vertical-align: middle; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0);">
              <div style="text-align: center; line-height: 1.25; font-family: 'Times New Roman', Times, serif;">415(a)(6)</div>
            </td>
            <td style="width: 9.25%; vertical-align: middle; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0);">
              <div style="text-align: center; line-height: 1.25; font-family: 'Times New Roman', Times, serif;">&#8213;</div>
            </td>
            <td style="width: 6.44%; vertical-align: middle; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0);">
              <div style="text-align: center; line-height: 1.25; font-family: 'Times New Roman', Times, serif;">&#8213;</div>
            </td>
            <td style="width: 9.25%; vertical-align: middle; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0);">
              <div style="text-align: center; line-height: 1.25; font-family: 'Times New Roman', Times, serif;">&#8213;</div>
            </td>
            <td style="width: 5.81%; vertical-align: middle; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0);">
              <div style="text-align: center; line-height: 1.25; font-family: 'Times New Roman', Times, serif;">&#8213;</div>
            </td>
            <td style="width: 9.25%; vertical-align: middle; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0);">
              <div style="text-align: center; line-height: 1.25; font-family: 'Times New Roman', Times, serif;">&#8213;</div>
            </td>
            <td style="width: 6.44%; vertical-align: middle; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0);">
              <div style="text-align: center; line-height: 1.25; font-family: 'Times New Roman', Times, serif;">&#8213;</div>
            </td>
            <td style="width: 6.44%; vertical-align: middle; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0);">
              <div style="text-align: center; line-height: 1.25; font-family: 'Times New Roman', Times, serif;">&#8213;</div>
            </td>
            <td style="width: 6.44%; vertical-align: middle; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0);">
              <div style="text-align: center; line-height: 1.25; font-family: 'Times New Roman', Times, serif;">&#8213;</div>
            </td>
            <td style="width: 7.04%; vertical-align: middle; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0);">
              <div style="text-align: center; line-height: 1.25; font-family: 'Times New Roman', Times, serif;">&#8213;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 13.4%; vertical-align: middle; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0);">&#160;</td>
            <td style="width: 7.39%; vertical-align: middle; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0);">
              <div style="text-align: center; line-height: 1.25; font-family: 'Times New Roman', Times, serif;">Other</div>
            </td>
            <td style="width: 5.43%; vertical-align: middle; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0);">
              <div style="text-align: center; line-height: 1.25; font-family: 'Times New Roman', Times, serif;">Rights</div>
            </td>
            <td style="width: 7.42%; vertical-align: middle; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0);">
              <div style="text-align: center; line-height: 1.25; font-family: 'Times New Roman', Times, serif;">415(a)(6)</div>
            </td>
            <td style="width: 9.25%; vertical-align: middle; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0);">
              <div style="text-align: center; line-height: 1.25; font-family: 'Times New Roman', Times, serif;">&#8213;</div>
            </td>
            <td style="width: 6.44%; vertical-align: middle; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0);">
              <div style="text-align: center; line-height: 1.25; font-family: 'Times New Roman', Times, serif;">&#8213;</div>
            </td>
            <td style="width: 9.25%; vertical-align: middle; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0);">
              <div style="text-align: center; line-height: 1.25; font-family: 'Times New Roman', Times, serif;">&#8213;</div>
            </td>
            <td style="width: 5.81%; vertical-align: middle; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0);">
              <div style="text-align: center; line-height: 1.25; font-family: 'Times New Roman', Times, serif;">&#8213;</div>
            </td>
            <td style="width: 9.25%; vertical-align: middle; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0);">
              <div style="text-align: center; line-height: 1.25; font-family: 'Times New Roman', Times, serif;">&#8213;</div>
            </td>
            <td style="width: 6.44%; vertical-align: middle; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0);">
              <div style="text-align: center; line-height: 1.25; font-family: 'Times New Roman', Times, serif;">&#8213;</div>
            </td>
            <td style="width: 6.44%; vertical-align: middle; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0);">
              <div style="text-align: center; line-height: 1.25; font-family: 'Times New Roman', Times, serif;">&#8213;</div>
            </td>
            <td style="width: 6.44%; vertical-align: middle; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0);">
              <div style="text-align: center; line-height: 1.25; font-family: 'Times New Roman', Times, serif;">&#8213;</div>
            </td>
            <td style="width: 7.04%; vertical-align: middle; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0);">
              <div style="text-align: center; line-height: 1.25; font-family: 'Times New Roman', Times, serif;">&#8213;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 13.4%; vertical-align: middle; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0);">&#160;</td>
            <td style="width: 7.39%; vertical-align: middle; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0);">
              <div style="text-align: center; line-height: 1.25; font-family: 'Times New Roman', Times, serif;">Other</div>
            </td>
            <td style="width: 5.43%; vertical-align: middle; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0);">
              <div style="text-align: center; line-height: 1.25; font-family: 'Times New Roman', Times, serif;">Warrants</div>
            </td>
            <td style="width: 7.42%; vertical-align: middle; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0);">
              <div style="text-align: center; line-height: 1.25; font-family: 'Times New Roman', Times, serif;">415(a)(6)</div>
            </td>
            <td style="width: 9.25%; vertical-align: middle; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0);">
              <div style="text-align: center; line-height: 1.25; font-family: 'Times New Roman', Times, serif;">&#8213;</div>
            </td>
            <td style="width: 6.44%; vertical-align: middle; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0);">
              <div style="text-align: center; line-height: 1.25; font-family: 'Times New Roman', Times, serif;">&#8213;</div>
            </td>
            <td style="width: 9.25%; vertical-align: middle; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0);">
              <div style="text-align: center; line-height: 1.25; font-family: 'Times New Roman', Times, serif;">&#8213;</div>
            </td>
            <td style="width: 5.81%; vertical-align: middle; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0);">
              <div style="text-align: center; line-height: 1.25; font-family: 'Times New Roman', Times, serif;">&#8213;</div>
            </td>
            <td style="width: 9.25%; vertical-align: middle; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0);">
              <div style="text-align: center; line-height: 1.25; font-family: 'Times New Roman', Times, serif;">&#8213;</div>
            </td>
            <td style="width: 6.44%; vertical-align: middle; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0);">
              <div style="text-align: center; line-height: 1.25; font-family: 'Times New Roman', Times, serif;">&#8213;</div>
            </td>
            <td style="width: 6.44%; vertical-align: middle; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0);">
              <div style="text-align: center; line-height: 1.25; font-family: 'Times New Roman', Times, serif;">&#8213;</div>
            </td>
            <td style="width: 6.44%; vertical-align: middle; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0);">
              <div style="text-align: center; line-height: 1.25; font-family: 'Times New Roman', Times, serif;">&#8213;</div>
            </td>
            <td style="width: 7.04%; vertical-align: middle; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0);">
              <div style="text-align: center; line-height: 1.25; font-family: 'Times New Roman', Times, serif;">&#8213;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 13.4%; vertical-align: middle; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0);">&#160;</td>
            <td style="width: 7.39%; vertical-align: middle; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0);">
              <div style="text-align: center; line-height: 1.25; font-family: 'Times New Roman', Times, serif;">Debt</div>
            </td>
            <td style="width: 5.43%; vertical-align: middle; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0);">
              <div style="text-align: center; line-height: 1.25; font-family: 'Times New Roman', Times, serif;">Debt Securities</div>
            </td>
            <td style="width: 7.42%; vertical-align: middle; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0);">
              <div style="text-align: center; line-height: 1.25; font-family: 'Times New Roman', Times, serif;">415(a)(6)</div>
            </td>
            <td style="width: 9.25%; vertical-align: middle; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0);">
              <div style="text-align: center; line-height: 1.25; font-family: 'Times New Roman', Times, serif;">&#8213;</div>
            </td>
            <td style="width: 6.44%; vertical-align: middle; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0);">
              <div style="text-align: center; line-height: 1.25; font-family: 'Times New Roman', Times, serif;">&#8213;</div>
            </td>
            <td style="width: 9.25%; vertical-align: middle; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0);">
              <div style="text-align: center; line-height: 1.25; font-family: 'Times New Roman', Times, serif;">&#8213;</div>
            </td>
            <td style="width: 5.81%; vertical-align: middle; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0);">
              <div style="text-align: center; line-height: 1.25; font-family: 'Times New Roman', Times, serif;">&#8213;</div>
            </td>
            <td style="width: 9.25%; vertical-align: middle; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0);">
              <div style="text-align: center; line-height: 1.25; font-family: 'Times New Roman', Times, serif;">&#8213;</div>
            </td>
            <td style="width: 6.44%; vertical-align: middle; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0);">
              <div style="text-align: center; line-height: 1.25; font-family: 'Times New Roman', Times, serif;">&#8213;</div>
            </td>
            <td style="width: 6.44%; vertical-align: middle; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0);">
              <div style="text-align: center; line-height: 1.25; font-family: 'Times New Roman', Times, serif;">&#8213;</div>
            </td>
            <td style="width: 6.44%; vertical-align: middle; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0);">
              <div style="text-align: center; line-height: 1.25; font-family: 'Times New Roman', Times, serif;">&#8213;</div>
            </td>
            <td style="width: 7.04%; vertical-align: middle; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0);">
              <div style="text-align: center; line-height: 1.25; font-family: 'Times New Roman', Times, serif;">&#8213;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 13.4%; vertical-align: middle; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0);">&#160;</td>
            <td style="width: 7.39%; vertical-align: middle; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0);">
              <div style="text-align: center; line-height: 1.25; font-family: 'Times New Roman', Times, serif;">Other</div>
            </td>
            <td style="width: 5.43%; vertical-align: middle; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0);">
              <div style="text-align: center; line-height: 1.25; font-family: 'Times New Roman', Times, serif;">Units</div>
            </td>
            <td style="width: 7.42%; vertical-align: middle; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0);">
              <div style="text-align: center; line-height: 1.25; font-family: 'Times New Roman', Times, serif;">415(a)(6)</div>
            </td>
            <td style="width: 9.25%; vertical-align: middle; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0);">
              <div style="text-align: center; line-height: 1.25; font-family: 'Times New Roman', Times, serif;">&#8213;</div>
            </td>
            <td style="width: 6.44%; vertical-align: middle; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0);">
              <div style="text-align: center; line-height: 1.25; font-family: 'Times New Roman', Times, serif;">&#8213;</div>
            </td>
            <td style="width: 9.25%; vertical-align: middle; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0);">
              <div style="text-align: center; line-height: 1.25; font-family: 'Times New Roman', Times, serif;">&#8213;</div>
            </td>
            <td style="width: 5.81%; vertical-align: middle; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0);">
              <div style="text-align: center; line-height: 1.25; font-family: 'Times New Roman', Times, serif;">&#8213;</div>
            </td>
            <td style="width: 9.25%; vertical-align: middle; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0);">
              <div style="text-align: center; line-height: 1.25; font-family: 'Times New Roman', Times, serif;">&#8213;</div>
            </td>
            <td style="width: 6.44%; vertical-align: middle; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0);">
              <div style="text-align: center; line-height: 1.25; font-family: 'Times New Roman', Times, serif;">&#8213;</div>
            </td>
            <td style="width: 6.44%; vertical-align: middle; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0);">
              <div style="text-align: center; line-height: 1.25; font-family: 'Times New Roman', Times, serif;">&#8213;</div>
            </td>
            <td style="width: 6.44%; vertical-align: middle; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0);">
              <div style="text-align: center; line-height: 1.25; font-family: 'Times New Roman', Times, serif;">&#8213;</div>
            </td>
            <td style="width: 7.04%; vertical-align: middle; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0);">
              <div style="text-align: center; line-height: 1.25; font-family: 'Times New Roman', Times, serif;">&#8213;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 13.4%; vertical-align: middle; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0);">&#160;</td>
            <td style="width: 7.39%; vertical-align: middle; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0);">
              <div style="text-align: center; line-height: 1.25; font-family: 'Times New Roman', Times, serif;">Unallocated<br>
                (Universal)<br>
                Shelf</div>
            </td>
            <td style="width: 5.43%; vertical-align: middle; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0);">
              <div style="text-align: center; line-height: 1.25; font-family: 'Times New Roman', Times, serif;">&#8213;</div>
            </td>
            <td style="width: 7.42%; vertical-align: middle; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0);">
              <div style="text-align: center; line-height: 1.25; font-family: 'Times New Roman', Times, serif;">415(a)(6)</div>
            </td>
            <td style="width: 9.25%; vertical-align: middle; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0);">
              <div style="text-align: center; line-height: 1.25; font-family: 'Times New Roman', Times, serif;">US$150,000,000</div>
            </td>
            <td style="width: 6.44%; vertical-align: middle; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0);">
              <div style="text-align: center; line-height: 1.25; font-family: 'Times New Roman', Times, serif;">&#8213;</div>
            </td>
            <td style="width: 9.25%; vertical-align: middle; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0);">
              <div style="text-align: center; line-height: 1.25; font-family: 'Times New Roman', Times, serif;">US$150,000,000</div>
            </td>
            <td style="width: 5.81%; vertical-align: middle; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0);">
              <div style="text-align: center; line-height: 1.25; font-family: 'Times New Roman', Times, serif;">&#8213;</div>
            </td>
            <td style="width: 9.25%; vertical-align: middle; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0);">
              <div style="text-align: center; line-height: 1.25; font-family: 'Times New Roman', Times, serif;">&#8213;</div>
            </td>
            <td style="width: 6.44%; vertical-align: middle; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0);">
              <div style="text-align: center; line-height: 1.25; font-family: 'Times New Roman', Times, serif;">F-3</div>
            </td>
            <td style="width: 6.44%; vertical-align: middle; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0);">
              <div style="text-align: center; line-height: 1.25; font-family: 'Times New Roman', Times, serif;">333-237809</div>
            </td>
            <td style="width: 6.44%; vertical-align: middle; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0);">
              <div style="text-align: center; line-height: 1.25; font-family: 'Times New Roman', Times, serif;">May 6, 2020</div>
            </td>
            <td style="width: 7.04%; vertical-align: middle; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0);">
              <div style="text-align: center; line-height: 1.25; font-family: 'Times New Roman', Times, serif;">US$17,385(3)</div>
            </td>
          </tr>
          <tr>
            <td style="width: 13.4%; vertical-align: middle; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0);">&#160;</td>
            <td style="width: 7.39%; vertical-align: middle; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0);">&#160;</td>
            <td style="width: 5.43%; vertical-align: middle; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0);">&#160;</td>
            <td style="width: 7.42%; vertical-align: middle; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0);">&#160;</td>
            <td style="width: 9.25%; vertical-align: middle; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0);">&#160;</td>
            <td style="width: 6.44%; vertical-align: middle; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0);">&#160;</td>
            <td style="width: 9.25%; vertical-align: middle; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0);">&#160;</td>
            <td style="width: 5.81%; vertical-align: middle; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0);">&#160;</td>
            <td style="width: 9.25%; vertical-align: middle; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0);">
              <div style="text-align: center; line-height: 1.25; font-family: 'Times New Roman', Times, serif;">&#8213;</div>
            </td>
            <td style="width: 6.44%; vertical-align: middle; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0);">&#160;</td>
            <td style="width: 6.44%; vertical-align: middle; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0);">&#160;</td>
            <td style="width: 6.44%; vertical-align: middle; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0);">&#160;</td>
            <td style="width: 7.04%; vertical-align: middle; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0);">&#160;</td>
          </tr>
          <tr>
            <td style="width: 13.4%; vertical-align: middle; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0);">&#160;</td>
            <td style="width: 29.49%; vertical-align: middle; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0);" colspan="4">
              <div style="text-align: center; line-height: 1.25; font-family: 'Times New Roman', Times, serif; font-weight: bold;">Total Offering Amounts</div>
            </td>
            <td style="width: 6.44%; vertical-align: middle; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0);">&#160;</td>
            <td style="width: 9.25%; vertical-align: middle; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0);">
              <div style="text-align: center; line-height: 1.25; font-family: 'Times New Roman', Times, serif;">US$150,000,000</div>
            </td>
            <td style="width: 5.81%; vertical-align: middle; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0);">&#160;</td>
            <td style="width: 9.25%; vertical-align: middle; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0);">
              <div style="text-align: center; line-height: 1.25; font-family: 'Times New Roman', Times, serif;">(3)</div>
            </td>
            <td style="width: 6.44%; vertical-align: middle; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0);">&#160;</td>
            <td style="width: 6.44%; vertical-align: middle; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0);">&#160;</td>
            <td style="width: 6.44%; vertical-align: middle; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0);">&#160;</td>
            <td style="width: 7.04%; vertical-align: middle; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0);">&#160;</td>
          </tr>
          <tr>
            <td style="width: 13.4%; vertical-align: middle; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0);">&#160;</td>
            <td style="width: 29.49%; vertical-align: middle; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0);" colspan="4">
              <div style="text-align: center; line-height: 1.25; font-family: 'Times New Roman', Times, serif; font-weight: bold;">Total Fees Previously Paid</div>
            </td>
            <td style="width: 6.44%; vertical-align: middle; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0);">&#160;</td>
            <td style="width: 9.25%; vertical-align: middle; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0);">&#160;</td>
            <td style="width: 5.81%; vertical-align: middle; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0);">&#160;</td>
            <td style="width: 9.25%; vertical-align: middle; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0);">
              <div style="text-align: center; line-height: 1.25; font-family: 'Times New Roman', Times, serif;">US$17,385(3)</div>
            </td>
            <td style="width: 6.44%; vertical-align: middle; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0);">&#160;</td>
            <td style="width: 6.44%; vertical-align: middle; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0);">&#160;</td>
            <td style="width: 6.44%; vertical-align: middle; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0);">&#160;</td>
            <td style="width: 7.04%; vertical-align: middle; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0);">&#160;</td>
          </tr>
          <tr>
            <td style="width: 13.4%; vertical-align: middle; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0);">&#160;</td>
            <td style="width: 29.49%; vertical-align: middle; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0);" colspan="4">
              <div style="text-align: center; line-height: 1.25; font-family: 'Times New Roman', Times, serif; font-weight: bold;">Total Fee Offsets</div>
            </td>
            <td style="width: 6.44%; vertical-align: middle; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0);">&#160;</td>
            <td style="width: 9.25%; vertical-align: middle; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0);">&#160;</td>
            <td style="width: 5.81%; vertical-align: middle; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0);">&#160;</td>
            <td style="width: 9.25%; vertical-align: middle; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0);">
              <div style="text-align: center; line-height: 1.25; font-family: 'Times New Roman', Times, serif;">&#8213;</div>
            </td>
            <td style="width: 6.44%; vertical-align: middle; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0);">&#160;</td>
            <td style="width: 6.44%; vertical-align: middle; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0);">&#160;</td>
            <td style="width: 6.44%; vertical-align: middle; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0);">&#160;</td>
            <td style="width: 7.04%; vertical-align: middle; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0);">&#160;</td>
          </tr>
          <tr>
            <td style="width: 13.4%; vertical-align: middle; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0); border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
            <td style="width: 29.49%; vertical-align: middle; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0); border-bottom: 2px solid rgb(0, 0, 0);" colspan="4">
              <div style="text-align: center; line-height: 1.25; font-family: 'Times New Roman', Times, serif; font-weight: bold;">Net Fee Due</div>
            </td>
            <td style="width: 6.44%; vertical-align: middle; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0); border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
            <td style="width: 9.25%; vertical-align: middle; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0); border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
            <td style="width: 5.81%; vertical-align: middle; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0); border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
            <td style="width: 9.25%; vertical-align: middle; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0); border-bottom: 2px solid rgb(0, 0, 0);">
              <div style="text-align: center; line-height: 1.25; font-family: 'Times New Roman', Times, serif;">US$0.00</div>
            </td>
            <td style="width: 6.44%; vertical-align: middle; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0); border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
            <td style="width: 6.44%; vertical-align: middle; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0); border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
            <td style="width: 6.44%; vertical-align: middle; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0); border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
            <td style="width: 7.04%; vertical-align: middle; border-width: 2px; border-style: solid; border-color: rgb(0, 0, 0);">&#160;</td>
          </tr>

      </table>
      <div><br>
      </div>
      <table cellspacing="0" cellpadding="2" border="0" style="font-family: 'Times New Roman',Times,serif; font-size: 10pt; width: 100%; text-align: left; color: rgb(0, 0, 0);">

          <tr>
            <td style="width: 3.47%; vertical-align: top;">&#160;</td>
            <td style="width: 2.78%; vertical-align: top;">
              <div style="line-height: 1.25; font-family: 'Times New Roman', Times, serif;">(1)</div>
            </td>
            <td style="width: 93.75%; vertical-align: top;">
              <div style="text-align: justify; line-height: 1.25; font-family: 'Times New Roman', Times, serif;">This replacement registration statement is filed pursuant to Rule 415(a)(6) under the Securities Act of 1933, as amended, or
                the Securities Act, and includes solely such indeterminate number of ordinary shares, rights, warrants and units comprised of, or other combinations of, the
                  foregoing securities as may be issued and sold by the registrant from time to time at indeterminate prices, with an initial aggregate public offering price of all of such securities not to exceed $150,000,000, which were previously
                registered by the registrant on the expiring registration statement on Form F-3 (File No. 333-237809) initially filed on April 23, 2020, and declared effective on May 6, 2020 (the &#8220;Prior Registration Statement&#8221;), and were not sold
                thereunder. &#160;Pursuant to Rule 457(i) under the Securities Act, the securities registered hereunder include such indeterminate number of securities as may be issued upon conversion or exchange of any warrants registered hereunder that
                provide for conversion or exchange or upon exercise of warrants or rights or pursuant to the anti-dilution provisions of any such securities. Any securities registered hereunder may be sold separately or as units with other securities
                registered hereunder. No separate consideration will be received for any securities registered hereunder that are issued in exchange for, or upon conversion of, as the case may be, the warrants. In addition, pursuant to Rule 416 under the
                Securities Act, the securities registered hereunder include such indeterminate number of securities as may be issued with respect to the securities being registered hereunder as a result of stock splits, stock dividends or similar
                transactions.</div>
            </td>
          </tr>
          <tr>
            <td style="width: 3.47%; vertical-align: top;">&#160;</td>
            <td style="width: 2.78%; vertical-align: top;">
              <div style="line-height: 1.25; font-family: 'Times New Roman', Times, serif;">(2)</div>
            </td>
            <td style="width: 93.75%; vertical-align: top;">
              <div style="text-align: justify; line-height: 1.25; font-family: 'Times New Roman', Times, serif;">The registration fee has been calculated pursuant to Rule 457(o) under the Securities Act of 1933, as amended, and General Instruction II.C of Form F-3, which permit the registration fee to be calculated on the basis of the maximum offering price of all of the securities to
                be offered, in the case of the primary offering.</div>
            </td>
          </tr>
          <tr>
            <td style="width: 3.47%; vertical-align: top;">&#160;</td>
            <td style="width: 2.78%; vertical-align: top;">
              <div style="line-height: 1.25; font-family: 'Times New Roman', Times, serif;">(3)</div>
            </td>
            <td style="width: 93.75%; vertical-align: top;">
              <div style="text-align: justify; line-height: 1.25; font-family: 'Times New Roman', Times, serif;">Pursuant to Rule 415(a)(6) under the Securities Act, the securities registered pursuant to this registration statement include
                $150,000,000 of unsold securities that were previously registered on the Prior Registration Statement. In connection with the registration of such unsold securities on the Prior Registration Statement, the registrant carried forward the
                previously paid filing fee of $17,385 for $150,000,000 of unsold securities that had been previously registered on the registration statement on Form F-3 (File No. 333-217914) initially filed on April 7, 2017, and declared effective on April 24, 2017, which fee will continue to be applied to such unsold securities included in this registration statement. Pursuant to Rule 415(a)(6), the
                offering of the unsold securities registered under the Prior Registration Statement will be deemed terminated as of the effective date of this registration statement. If the registrant sells any of such unsold securities pursuant to the
                Prior Registration Statement after the date of filing, and prior to the date of effectiveness, of this registration statement, the registrant will file a pre-effective amendment to this registration statement which will reduce the number of
                such unsold securities included on this registration statement.</div>
            </td>
          </tr>

      </table>
      <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;">Table 2: Fee Offset Claims and Sources</div>
      <div style="line-height: 1.25">&#160;</div>
      <div style="text-align: center; line-height: 1.25;">N/A</div>
      <div style="line-height: 1.25">&#160;</div>
      <div style="text-align: center; line-height: 1.25; font-weight: bold;">Table 3: Combined Prospectuses</div>
      <div style="line-height: 1.25">&#160;</div>
      <div style="text-align: center; line-height: 1.25;">N/A</div>
      <div style="line-height: 1.25">&#160;</div>
      <div class="BRPFPageFooter">
        <div style="line-height: 1.25;">
          <hr align="center" style="border: none; border-bottom: 4px solid black; border-top: 1px solid black; height: 10px; color: #ffffff; background-color: #ffffff; text-align: center; margin-left: auto; margin-right: auto;"></div>
      </div>
    </div>
  </div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>6
<FILENAME>image1.jpg
<TEXT>
begin 644 image1.jpg
M_]C_X  02D9)1@ ! 0$ 8 !@  #_VP!#  @&!@<&!0@'!P<)"0@*#!0-# L+
M#!D2$P\4'1H?'AT:'!P@)"XG("(L(QP<*#<I+# Q-#0T'R<Y/3@R/"XS-#+_
MVP!# 0D)"0P+#!@-#1@R(1PA,C(R,C(R,C(R,C(R,C(R,C(R,C(R,C(R,C(R
M,C(R,C(R,C(R,C(R,C(R,C(R,C(R,C+_P  1"  B , # 2(  A$! Q$!_\0
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M8C/Y6Y8U4D9QN&W\^] 'HM%%>>>(_%FI27,C:,[I8VK".2=4!#N?<]N/\Y%
M'H=%8_AS78M=TQ9AA;A/EFC'9O7Z&J/B?Q;'H++;0Q":\==V&.%0=B?7Z4 =
M-17)Z3'XDUBV2\N]3%E#(-R10PJ6([')Z?K6E+H^I!,V^OW:R <&6*-U_+:*
M -JBJ%F]W9:6TNKW$+RQAFDDC7"A1_\ 6KD5\7ZKKVK+8:+%';HQ)\V5=S!1
MU8]A].: .]HK'CT>^\K]]KUZTIZLB1JN?IM/\ZP-:U/Q#X6DBEDNXK^SD;:#
M+$%8'T.W'YT =O5:[GGB 2VMC/,W3+;$7W9O\ 3[5B/XD%_X/NM4L289XD((
M(#%'&/7@]:YK3?'6JV31MJ\+7%M-RD@0(V.F5P &_P \T6&FD[M7.HN-$U?4
MR?MVO36T9_Y8Z<@BQ_P,Y8_I]*SY?AGH-QDSR7\TA_Y:27!9OY5TFFZK9:M;
M^=93K*O\0Z,OU'45A0ZQ?O\ $&XTMI\V:1AECV+P=BGKC/4GO4\B>YU1QV(A
M_#ER^FGY&%=_"Z2RS<>'M9NK6=>561\9/IN7!'Y&F^%_&FJ6>N#P[XG0BX+>
M7'.P ;<>@;'!![$>W6O2:\N^+=LHN]%NH!B\=GC4CJP!4K^1)_.LY1Y%S1/3
MP6)>/G]6Q7O73L^J:5]^P[6?#>J:1KO]I6=NUU")Q.A0;B#NW88#G\:Z^T\9
M:1/&/M$S6DV/FBG0@C\<8-=!16QX)DQ>(].N;F*WM))+EY& S%&2JCU+'C'X
MUPGQ!BD?Q&I6-F'V=>0,]S7J-% '&:1J7A6PMK20(D=Y'$H:06DFX-MPW(7Z
MU7\?3)?Z-IT]MNDC>0LI"$<8]#S7=T4 <7X/TZ+4/!TUG=HX22=^GRD<#D55
MTV>?P7J36%]:B6RE.8[N*+YL>^.ON.HKOJ* .2\3ZQ/=F'1='S)/=@;Y5^ZB
M'W]QU]!]:V;'0;*ST/\ LHQB2%D(E)'+D]3_ )Z<5J44 >4"._\ !7B8^6CR
MP>PXEC/]1_,5J>*O#USK4J:WI8^T1S1KNC'#C QD#^G7->AT4[@<IHWBNVAL
M(;75HYK&YA01GS8F"M@8STX_&H?$_B:"320-&U$-="5<B');;SGM]*[&BD!R
M/AE=0UGPU?P:K)/NF9HD>5<$ J.1^)KGM)M-2\'Z]Y]W8S2VS*8GEA7<-I(.
M1^('!Q7I]% &,/%FA%-QU&->,X96!'X$9KEO$U[=^*F@L=(L;B6WC?>TS1E5
M9N@Y/0#)ZUZ%10!QO]@OH?@/4+9W\RXE4R2;>@/ P/RK0\.6-O>^#;*VO+=9
M(RARCK_M'\C7144 <!J7@J]TNX-_X>N9 R\^5NPX^A_B'L?UJKX6N+V]\<-=
M7T3).T163*%>0H7IZ\5Z0S*BEG8*HY))P!7.:EXXT2PD\B&=K^\/"6]DOFLQ
M],CC]<TG)+<UI4*E9VIQ;.AFFBMX7FFD6.*-2SNQP% ZDFO.]/23QUXV762C
M+HNF-MMBPQYK@YS^?)]@!5QM'U_QG*LFNYTS2 VY;")OWDGIO/\ GZ#K7:VE
MI;V-K':VL*0P1KM1$& !4:R?D=RE#!0:B[U&K:;1777J_31$U%%%:'F!1110
M 4444 %%%% !1110 4444 %%%% !1110 4444 %>>_$=WL;<2V;-;R.A+/"=
MA8^I(ZT45$]CT,M_C'F>EW$^H:I$M[-)<J2,B9BXZCUKWO0]/LK+3H6M;.W@
=+H-QBB"[OK@445C2^(]_./\ =4:=%%%=)\@?_]D!

end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>7
<FILENAME>image00004.jpg
<TEXT>
begin 644 image00004.jpg
M_]C_X  02D9)1@ ! 0$ 8 !@  #_VP!#  8$!08%! 8&!08'!P8("A *"@D)
M"A0.#PP0%Q08&!<4%A8:'24?&ALC'!86("P@(R8G*2HI&1\M,"TH,"4H*2C_
MVP!# 0<'!PH("A,*"A,H&A8:*"@H*"@H*"@H*"@H*"@H*"@H*"@H*"@H*"@H
M*"@H*"@H*"@H*"@H*"@H*"@H*"@H*"C_P  1"  ^ B@# 2(  A$! Q$!_\0
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MQ0 445RGQ3\0W?A3P#K&MZ<D,EU9QJ\:3 E"2ZCG!![T =717)_"OQ%=^+/
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M#;?5A@''?FN,TG]HN[T>.&Q\8>$KJVGB"QN\),73C_5N!CZ9KZ3KC?B5XO\
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MEWEF"C:Q"]>21C- '0_8+8ZD-0,?^EK"8!)N/"%@Q&.G4#\J!86PU(Z@(_\
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AU;'ARQ%P9LS;S?\ ]H_?X\W9L_[YQVK9HH **** /__9

end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>8
<FILENAME>image00007.jpg
<TEXT>
begin 644 image00007.jpg
M_]C_X  02D9)1@ ! 0$ 8 !@  #_VP!#  8$!08%! 8&!08'!P8("A *"@D)
M"A0.#PP0%Q08&!<4%A8:'24?&ALC'!86("P@(R8G*2HI&1\M,"TH,"4H*2C_
MVP!# 0<'!PH("A,*"A,H&A8:*"@H*"@H*"@H*"@H*"@H*"@H*"@H*"@H*"@H
M*"@H*"@H*"@H*"@H*"@H*"@H*"@H*"C_P  1"  = )X# 2(  A$! Q$!_\0
M'P   04! 0$! 0$           $" P0%!@<("0H+_\0 M1   @$# P($ P4%
M! 0   %] 0(#  01!1(A,4$&$U%A!R)Q%#*!D:$((T*QP152T? D,V)R@@D*
M%A<8&1HE)B<H*2HT-38W.#DZ0T1%1D=(24I35%565UA96F-D969G:&EJ<W1U
M=G=X>7J#A(6&AXB)BI*3E)66EYB9FJ*CI*6FIZBIJK*SM+6VM[BYNL+#Q,7&
MQ\C)RM+3U-76U]C9VN'BX^3EYN?HZ>KQ\O/T]?;W^/GZ_\0 'P$  P$! 0$!
M 0$! 0        $" P0%!@<("0H+_\0 M1$  @$"! 0#! <%! 0  0)W  $"
M Q$$!2$Q!A)!40=A<1,B,H$(%$*1H;'!"2,S4O 58G+1"A8D-.$E\1<8&1HF
M)R@I*C4V-S@Y.D-$149'2$E*4U155E=865IC9&5F9VAI:G-T=79W>'EZ@H.$
MA8:'B(F*DI.4E9:7F)F:HJ.DI::GJ*FJLK.TM;:WN+FZPL/$Q<;'R,G*TM/4
MU=;7V-G:XN/DY>;GZ.GJ\O/T]?;W^/GZ_]H # ,!  (1 Q$ /P#V^Y^*?AFV
M\9#PK*^H#73((UM182DMGD,#MP5QSNSC'-:_C+QEI/@^*RDUHW:K>3?9X/L]
MK).7DQD)A 3D\X]<&O"_$UY'I_[8-K>S^88;;2FF<1H78JMO(3A1R3QT%=Y\
M'O$6G_$Z^N_%TT_F7-E*]K9Z:W33XS_&1WDD')?L/E'0Y /5K687-M%,J21B
M10P25"K+GL0>0?:I:\T^-OQ(O?AIIEAJ<>DP:C8W,WV=R;@Q/&Y!8<;3D$ _
ME57_ (6;KDMSKR1>#+^&*STO^T+!K@G-^20 H"@A<[NF2P[@4 >JT5Y!XR^)
MOB7P'H6C:WXM\.62Z?>2K#=1V=VSS6C,"0#E=K< ]#U&/>K/QA^*MU\/K71;
M^UTB'5-,U,A$E%R8W5B-P^7:<@KSG- 'JU%>+?$'XQ:YX%NM-N=<\%O!H5[+
MY2W'V]'F'&3E%! ..<;NQYI?B'\8=<\#3Z=>:QX,:+0+R81+<M?HTW3/**"%
M.,G&3T/- 'M%%<#XJ^(D.G^+-$\+:);+J&OZLGG(DDGEQ6\."?,D.">BG"@9
M..U9^A_$NYO_ !5XB\(7>FV]MXKTN(S01FX/V>\3 8%7VY7AEX(.,^QH ].J
MGK&HPZ3I=S?W*S-!;H9)!#$TC[1UPJ\G\*\,T+X^:OKGAF^U+3? UY=2V=VM
MO.()]\<*D#YV(7<3UX .!R2*]PUTYT'4#_T[2?\ H)H Y[P%\1?#WCPW)\,S
MW5U';8\V5[62-%)Z+N8 $]\"NPKYR_8D_P"1'\0?]A$?^BEKV_QSXJT[P7X8
MO=<UEV6TME'RH,M(Q.%51ZDT ;U%>0ZQ\6M0\-:1X<U[Q/H4-MH&MNJAX+DR
M368<;D,@*@-E<DX/&.])IGQ7U2X^+R^!;W1;*V=@98[W[862:';O5D&SDE>V
M>Q]* /7ZR?#_ (DT;Q$MTVA:E;7XM93!.8'W>6X[&L0>(==N?&.M:-8:;82V
M^GVJ3"Y>Y9=TC@E(F7;P?ER3DX!![XKSOX#^)K+4O#/C"[\)>$++1[ZUN-TE
ML+MF2YEVD\N1\HX(&!CF@#W6BO%? /Q@\0^.O"^H:CX>\$FXNK6<PE&U!(XC
MA0WWB,EN>@7'3FNG^"WQ*C^)6@7EX=/;3[RRN/L]Q 7W@'&00<#CKV[4 >4Z
MO?0C]K^PU$^;]@B@%I)<B%S&LIB==I;&.K 9Z9-9OQ"TZ]^"_P 9+/Q)X0MY
MKG2=8#/>Z9;HS87<-XP!@ D[E]"".E?5=% 'S7^U5K5GXK^%^@-H/GW<ES?+
M<)"D#^8J+&X;<N,J06 P>]>H>,O$6J6_P9N-9\#I]MU*.SC:#;&688*ASL(R
M2HW':1VZ5Z)10!\9_$+4SXQ^!NG70GUW6?$WVV-M0,T,OEVYPX**H C Z8V@
MGUKHOVB;J/5?AG\.X=-$UU,GES/'%"[,BK$%8D <8;C!KZJHH ^;/VNKJ+6O
M ?AB'2?,O)9;H72)!$SDQ>6PW' X&2!S1^UC=1:S\.?"\.E>9>2RW"W*)#$S
M$QB-@6( X&2!S7TG10!\H?$VVO\ P_\ $_PW\1;6#4;_ ,,75E##<3:>SK)$
M!&49<C!3CD9QDY&17K/@2_\ A]/#?:[X:TJ>-HX&>XU6ZLI5<<<@RRC<Y[84
MFO5J* /G+]CJ06FE^);"[26WO);T7,<4T3(7CV@;AD<\U[QXKNH;+PSJMQ<O
MY<*6TFYL$_PD=!R:U:* /E[]D_7M.\)>$M9MO$L[Z;<37PDCCGA=2R^6HR/E
MZ9!K4^*%]J?QC\&^,=.\-6$YMM%NK66RW1M&]]@2>85# 9']T=\>IKZ-HH ^
M:_ACX@\%>(](TG3/%F@ZQ?>*;*-+=K.\M)[I R#:&13F-!@=PN/UK2_:4T&Z
MTG4?"/CWP]92->:-<QPS0P)EC#G*C [#YE_X'7T%10!R7@E/[.\,7.MZPIM;
MK4G?4[L2<F$,!M0_[D81<>H->'_LOWT&DZ'X]&J>;:%Y3=*)H70M%M8;AD<\
MD<#GFOIVB@#YQ_8_N8]'\#^(X=5\RSEAO3=ND\;(1%Y:C?R.1E2.*/V/W^RV
=_BVVNTEM[B:\6XC2:-HR\>"-PR!GDU]'44 ?_]D!

end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>9
<FILENAME>image00008.jpg
<TEXT>
begin 644 image00008.jpg
M_]C_X  02D9)1@ ! 0$ 8 !@  #_VP!#  8$!08%! 8&!08'!P8("A *"@D)
M"A0.#PP0%Q08&!<4%A8:'24?&ALC'!86("P@(R8G*2HI&1\M,"TH,"4H*2C_
MVP!# 0<'!PH("A,*"A,H&A8:*"@H*"@H*"@H*"@H*"@H*"@H*"@H*"@H*"@H
M*"@H*"@H*"@H*"@H*"@H*"@H*"@H*"C_P  1"  ] #X# 2(  A$! Q$!_\0
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*;=PHHHKI. __V0$!

end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
