<SEC-DOCUMENT>0001213900-24-058967.txt : 20240703
<SEC-HEADER>0001213900-24-058967.hdr.sgml : 20240703
<ACCEPTANCE-DATETIME>20240703141526
ACCESSION NUMBER:		0001213900-24-058967
CONFORMED SUBMISSION TYPE:	6-K
PUBLIC DOCUMENT COUNT:		3
CONFORMED PERIOD OF REPORT:	20240703
FILED AS OF DATE:		20240703
DATE AS OF CHANGE:		20240703

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			ParaZero Technologies Ltd.
		CENTRAL INDEX KEY:			0001916241
		STANDARD INDUSTRIAL CLASSIFICATION:	AIRCRAFT PART & AUXILIARY EQUIPMENT, NEC [3728]
		ORGANIZATION NAME:           	04 Manufacturing
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			L3
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		6-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-41760
		FILM NUMBER:		241099520

	BUSINESS ADDRESS:	
		STREET 1:		1 HATACHANA STREET
		CITY:			KFAR SABA
		STATE:			L3
		ZIP:			4453001
		BUSINESS PHONE:		97236885252

	MAIL ADDRESS:	
		STREET 1:		1 HATACHANA STREET
		CITY:			KFAR SABA
		STATE:			L3
		ZIP:			4453001
</SEC-HEADER>
<DOCUMENT>
<TYPE>6-K
<SEQUENCE>1
<FILENAME>ea0208941-6k_parazero.htm
<DESCRIPTION>REPORT OF FOREIGN PRIVATE ISSUER
<TEXT>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>UNITED STATES</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>SECURITIES AND EXCHANGE COMMISSION</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Washington, D.C. 20549</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Form 6-K</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">Report of Foreign Private Issuer</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">Pursuant to Rule 13a-16 or 15d-16</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">under the Securities Exchange Act of 1934</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">For the month of July 2024</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">Commission file number: 001-41760</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B><U>ParaZero Technologies Ltd.</U></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">(Translation of registrant&rsquo;s name into English)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>1 Hatachana</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Kfar Saba, 4453001, Israel</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">(Address of principal executive offices)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Indicate by check mark whether the registrant
files or will file annual reports under cover of Form 20-F or Form 40-F.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">Form 20-F&nbsp;<FONT STYLE="font-family: Times New Roman, Times, Serif">&#9746;</FONT>&nbsp;Form
40-F&nbsp;<FONT STYLE="font-family: Times New Roman, Times, Serif">&#9744;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B><U>CONTENTS</U></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">On July 3, 2024, ParaZero
Technologies Ltd. (the &ldquo;<B>Company</B>&rdquo;) announced that it will hold a Special General Meeting of Shareholders on July 24,
2024 at 10:00 a.m. (Israel time) at the offices of the Company&rsquo;s Israeli counsel, Gornitzky &amp; Co., located at 20 HaHarash Street,
Tel Aviv, 6761310 Israel.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">In connection with the meeting,
the Company furnishes the following documents:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in; text-align: left"><FONT STYLE="font-size: 10pt">1.</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">A copy of the Notice and Proxy
Statement with respect to the Company&rsquo;s Special General Meeting of Shareholders describing the proposals to be voted upon at the
meeting, the procedure for voting in person or by proxy at the meeting and various other details related to the meeting, attached hereto
as Exhibit 99.1; and</FONT></TD>
</TR></TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in; text-align: left"><FONT STYLE="font-size: 10pt">2.</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">A form of Proxy Card whereby
holders of ordinary shares of the Company may vote at the meeting without attending in person, attached hereto as Exhibit 99.2.</FONT></TD>
</TR></TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">This Report on Form 6-K and Exhibit 99.1 are incorporated by reference
into the registrant&rsquo;s Registration Statement on <A HREF="https://www.sec.gov/Archives/edgar/data/1916241/000121390024026594/ea0202681-s8_para.htm">Form S-8</A>&nbsp;(File No. 333-278268), filed with the Securities and Exchange
Commission, to be a part thereof from the date on which this report is submitted, to the extent not superseded by documents or reports
subsequently filed or furnished.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B><U>EXHIBIT INDEX</U></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
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    <TD STYLE="width: 9%; border-bottom: black 1.5pt solid"><FONT STYLE="font-size: 10pt"><B>Exhibit No.</B></FONT></TD>
    <TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 90%">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top; background-color: rgb(204,238,255)">
    <TD><FONT STYLE="font-size: 10pt">99.1</FONT></TD>
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-size: 10pt; background-color: #CCEEFF"><A HREF="ea020894101ex99-1_parazero.htm">Notice and Proxy Statement with respect to the Company&rsquo;s Special General Meeting of Shareholders</A></FONT></TD></TR>
  <TR STYLE="vertical-align: top; background-color: White">
    <TD><FONT STYLE="font-size: 10pt">99.2</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: justify"><A HREF="ea020894101ex99-2_parazero.htm"><FONT STYLE="font-size: 10pt">Proxy Card for holders of ordinary shares with respect to the Company&rsquo;s
    Special General Meeting of Shareholders</FONT></A></TD></TR>
  </TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B><U>SIGNATURES</U></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt; text-align: justify">Pursuant to the requirements of the Securities
Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD COLSPAN="3"><FONT STYLE="font-size: 10pt"><B>ParaZero Technologies Ltd.</B></FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD COLSPAN="3">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-size: 10pt">Date: July 3, 2024</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">By:</FONT></TD>
    <TD COLSPAN="2" STYLE="border-bottom: black 1.5pt solid"><FONT STYLE="font-size: 10pt">/s/ Boaz Shetzer</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 60%">&nbsp;</TD>
    <TD STYLE="width: 4%">&nbsp;</TD>
    <TD STYLE="width: 5%"><FONT STYLE="font-size: 10pt">Name:&nbsp;</FONT></TD>
    <TD STYLE="width: 31%"><FONT STYLE="font-size: 10pt">Boaz Shetzer</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-size: 10pt">Title:</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">Chief Executive Officer</FONT></TD></TR>
  </TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: center; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt">3</P>

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<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>2
<FILENAME>ea020894101ex99-1_parazero.htm
<DESCRIPTION>NOTICE AND PROXY STATEMENT WITH RESPECT TO THE COMPANY'S SPECIAL GENERAL MEETING OF SHAREHOLDERS
<TEXT>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right"><B>Exhibit 99.1</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><B>PARAZERO TECHNOLOGIES LTD</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><B>NOTICE OF A SPECIAL GENERAL MEETING OF SHAREHOLDERS</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Notice is hereby given that
a Special General Meeting of Shareholders (the &ldquo;<B>Meeting</B>&rdquo;) of ParaZero Technologies Ltd. (the &ldquo;<B>Company</B>&rdquo;)
will be held on Wednesday, July 24, 2024, at 10:00 a.m. (Israel time), at the offices of our Israeli counsel, Gornitzky &amp; Co., located
at 20 HaHarash Street, Tel Aviv, 6761310 Israel (the &ldquo;<B>Notice</B>&rdquo;).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Throughout this Notice and
the enclosed Proxy Statement, we use terms such as &ldquo;ParaZero,&rdquo; &ldquo;we,&rdquo; &ldquo;us,&rdquo; &ldquo;our,&rdquo; &ldquo;the
Company&rdquo; and &ldquo;our company&rdquo; to refer to ParaZero Technologies Ltd. and terms such as &ldquo;you&rdquo; and &ldquo;your&rdquo;
to refer to our shareholders.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The agenda of the Meeting will be as follows:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: -0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0in; text-indent: 0in; text-align: justify"><FONT STYLE="font-size: 10pt">1.
To approve a Reverse Split of the Company&rsquo;s Ordinary Shares</FONT></P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0in; text-indent: 0in; text-align: justify"><FONT STYLE="font-size: 10pt">To
authorize our Board of Directors to effect a reverse split of all of our ordinary shares, par value NIS 0.02 each, at a ratio in the
range of 1-for-5 to 1-for-20, with the final ratio and effective date to be determined by the Board of Directors, provided that the effective
date shall not be after the first anniversary of the Meeting, and to approve related amendments to the Company&rsquo;s Articles of Association.</FONT></P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0in; text-indent: 0in; text-align: justify"><FONT STYLE="font-size: 10pt">2.
Other Business</FONT></P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0in; text-indent: 0in; text-align: justify">To
transact such other business as may properly come before the Meeting or any adjournment thereof.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">These proposals are described
in detail in the enclosed proxy statement, which we urge you to read in its entirety. As more fully described in the proxy statement,
shareholders may present proposals for consideration at the Meeting by submitting their proposals to the Company no later than July 10,
2024. If we determine that a shareholder proposal has been duly and timely received and is appropriate, we will publish a revised agenda
in the manner set forth in the proxy statement. We are currently not aware of any other matters that will come before the Meeting. If
any other matters properly come before the Meeting or any adjournment thereof, the persons designated as proxies intend to vote in accordance
with their judgment on such matters.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The Board of Directors recommends
a vote &ldquo;<B><U>FOR</U></B>&rdquo; approval of all matters to be voted upon at the Meeting.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Shareholders of record at
the close of business on July 5, 2024 (the &ldquo;<B>Record Date</B>&rdquo;), are entitled to notice of, and to vote at, the Meeting and
any adjournment or postponement thereof. You are cordially invited to attend the Meeting in person.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Whether or not you plan to
attend the Meeting, you are urged to promptly complete, date and sign the enclosed proxy and to mail it in the enclosed envelope, which
requires no postage if mailed in the United States. Return of your proxy does not deprive you of your right to attend the Meeting, to
revoke the proxy or to vote your shares in person.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>Joint holders of shares
should take note that, pursuant to Article 32(d) of our Amended and Restated Articles of Association, the vote of the senior holder of
the joint shares who tenders a vote, in person or by proxy, will be accepted to the exclusion of the vote(s) of the other joint holder(s).
For this purpose, seniority will be determined by the order in which the names are recorded in our Register of Shareholders.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 60%">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: justify; width: 40%"><FONT STYLE="font-size: 10pt">By Order of the Board of Directors,</FONT></TD>
    </TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: justify">&nbsp;</TD>
    </TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD STYLE="border-bottom: black 1.5pt solid; font-size: 10pt"><FONT STYLE="font-size: 10pt"><B><I>/s/ Amitay Weiss</I></B></FONT></TD>
    </TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: justify"><FONT STYLE="font-size: 10pt"><I>Chairman of the Board of Directors</I></FONT></TD>
    </TR>
  </TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Dated: July 3, 2024.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><B>PARAZERO TECHNOLOGIES LTD.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><B>1 HATACHANA STREET<BR>
KFAR SABA 4453001, ISRAEL</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><B>PROXY STATEMENT</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><B>SPECIAL GENERAL MEETING OF SHAREHOLDERS</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">This Proxy Statement is furnished
to the holders of our ordinary shares, NIS 0.02 nominal value (&ldquo;<B>Ordinary Shares</B>&rdquo;), in connection with the solicitation
by our Board of Directors (&ldquo;<B>Board</B>&rdquo;) of proxies for use at a Special General Meeting of Shareholders (the &ldquo;<B>Meeting</B>&rdquo;),
or at any adjournment thereof, pursuant to the accompanying Notice of a Special General Meeting of Shareholders (the &ldquo;<B>Notice</B>&rdquo;).
The Meeting will be held on Wednesday, July 24, 2024 at 10:00 a.m. (Israel time), at the offices of our Israeli counsel, Gornitzky &amp;
Co., located at 20 HaHarash Street, Tel Aviv, 6761310 Israel.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Throughout this Proxy Statement,
we use terms such as &ldquo;ParaZero,&rdquo; &ldquo;we,&rdquo; &ldquo;us,&rdquo; &ldquo;our,&rdquo; &ldquo;the Company&rdquo; and &ldquo;our
company&rdquo; to refer to ParaZero Technologies Ltd. and terms such as &ldquo;you&rdquo; and &ldquo;your&rdquo; to refer to our shareholders.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The agenda of the Meeting
will be as follows:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0in; text-indent: 0in; text-align: justify"><FONT STYLE="font-size: 10pt">1.
To approve a Reverse Split of the Company&rsquo;s Ordinary Shares</FONT></P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: -0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0in; text-indent: 0in; text-align: justify">To authorize our Board of Directors to effect
a reverse split of all of our ordinary shares, par value NIS 0.02 each, at a ratio in the range of 1-for-5 to 1-for-20, with the final
ratio and effective date to be determined by the Board of Directors, provided that the effective date shall not be after the first anniversary
of the Meeting, and to approve related amendments to the Company&rsquo;s Articles of Association.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: -0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0in; text-indent: 0in; text-align: justify"><FONT STYLE="font-size: 10pt">2.
Other Business</FONT></P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0in; text-indent: 0in; text-align: justify">To transact such other business as may properly
come before the Meeting or any adjournment thereof.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">These proposals are described
in detail in this proxy statement, which we urge you to read in its entirety. As more fully described in this proxy statement, shareholders
may present proposals for consideration at the Meeting by submitting their proposals to the Company no later than July 10, 2024. If we
determine that a shareholder proposal has been duly and timely received and is appropriate, we will publish a revised agenda in the manner
set forth in the proxy statement. We are currently not aware of any other matters that will come before the Meeting. If any other matters
properly come before the Meeting or any adjournment thereof, the persons designated as proxies intend to vote in accordance with their
judgment on such matters.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">You may elect to vote your
Ordinary Shares once, either by attending the Meeting in person or by a duly executed proxy as detailed below.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">A form of proxy for use at
the Meeting and a return envelope for the proxy are enclosed. You may revoke the authority granted by your execution of proxies at any
time before the exercise thereof by filing with us a written notice of revocation or duly executed proxy bearing a later date, or by voting
in person at the Meeting. Proxies must be received no later than forty-eight (48) hours prior to the time fixed for the Meeting. On all
matters considered at the Meeting, abstentions and broker non-votes will be treated as neither a vote &ldquo;for&rdquo; nor &ldquo;against&rdquo;
the matter, although they will be counted in determining whether a quorum is present.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Proxies for use at the Meeting
are being solicited by our Board. Only shareholders of record as of the close of business on July 5, 2024 (the &ldquo;<B>Record Date</B>&rdquo;),
will be entitled to vote at the Meeting and any adjournments or postponements thereof. Proxy cards will be mailed to shareholders on or
about July 8, 2024, and proxies will be solicited chiefly by mail. However, certain of our officers, directors, employees and agents,
none of whom will receive additional compensation in connection therewith, may solicit proxies by telephone, telegram or other personal
contact. We will bear the cost of external proxy solicitors (if any) and other costs of the solicitation of the proxies, including postage,
printing and handling, and will reimburse the reasonable expenses of brokerage firms and others for forwarding material to beneficial
owners of Ordinary Shares.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">If your Ordinary Shares are
held in &ldquo;street name&rdquo; meaning you are a beneficial owner with your shares held through a bank, brokerage firm or other nominee,
you will receive instructions from your bank, brokerage firm or nominee, who is the holder of record of your shares. You must follow the
instructions of the holder of record in order for your shares to be voted.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><I>&nbsp;</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><B>OUTSTANDING VOTING SECURITIES AND QUORUM</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">On July 1, 2024, we had 11,162,546
outstanding Ordinary Shares, each of which is entitled to one vote upon each of the matters to be presented at the Meeting. Two or more
shareholders holding Ordinary Shares conferring in the aggregate at least 25% of the voting power, present in person or by proxy and entitled
to vote, will constitute a quorum at the Meeting. If within an hour from the time appointed for the meeting a quorum is not present, the
Meeting shall stand adjourned to the same time and place, on the following day, Thursday, July 25, 2024, or to such day and at such time
and place as the Chairman may determine. No business shall be transacted at any adjourned meeting except business which might lawfully
have been transacted at the meeting as originally called. At such adjourned meeting, any shareholder present in person or by proxy, shall
constitute a quorum.<B>&nbsp;</B></P>

<P STYLE="text-align: center; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><B>ITEM 1 &mdash; APPROVAL OF A REVERSE SPLIT OF
THE COMPANY&rsquo;S ISSUED AND OUTSTANDING ORDINARY SHARES</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B><U>Background</U></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">As first reported in our report
furnished on Form 6-K to the Securities and Exchange Commission (&ldquo;<B>SEC</B>&rdquo;) on February 9, 2024, we received a notification
letter from Nasdaq on February 8, 2024 (the &ldquo;<B>Nasdaq Notice</B>&rdquo;), notifying the Company that it is not in compliance with
the minimum bid price requirement for continued listing set forth in Nasdaq Listing Rule 5550(a)(2), which requires listed securities
to maintain a minimum bid price of $1.00 per share (the &ldquo;<B>Minimum Bid Price Requirement</B>&rdquo;).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Pursuant to Nasdaq Listing
Rule 5810(c)(3)(A), the Company has been provided with an initial 180-calendar day period, ending on August 6, 2024 (the &ldquo;<B>Initial
Compliance Period</B>&rdquo;) to regain compliance with the Minimum Bid Price Requirement. If at any time during the Initial Compliance
Period, the closing bid price per share of the Company&rsquo;s Ordinary Shares is at least $1.00 for a minimum of 10 consecutive business
days, it is expected that Nasdaq will provide the Company a written confirmation of compliance and the matter will be closed.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">If the Company does not regain
compliance within the Initial Compliance Period, it may be eligible for an additional 180-calendar day compliance period, provided that
it meets certain listing requirements of the Nasdaq Capital Market (except the Minimum Bid Price Requirement) and notifies Nasdaq of its
intent to cure this deficiency during this second compliance period. If the Company has not regained compliance within the period(s) granted
by Nasdaq, including any extensions, the Company&rsquo;s Ordinary Shares will be subject to delisting, pending an appeal to the Nasdaq
Hearing Panel.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B><U>Purpose and Effect of the Reverse Split</U></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">As of the date of this Proxy
Statement, we have not yet come into compliance with Nasdaq Listing Rule 5550(a)(2), and there can be no assurance that the closing bid
price for our Ordinary Shares will be compliant within the Initial Compliance Period. Nasdaq has discretion whether to grant the additional
180-day compliance period and in the Company&rsquo;s case, there is uncertainty as to whether Nasdaq will afford us such an additional
compliance period. Due to the decrease in the share price of the Company&rsquo;s Ordinary Shares, we believe that a reverse share split
of our Ordinary Shares may be advisable in order to regain compliance with the Minimum Bid Price Requirement either prior to the end of
the Initial Compliance Period (in the event that Nasdaq does not afford us such additional compliance period) or prior to the end of the
additional 180-day compliance period (in the event that Nasdaq does afford us such additional compliance period). We believe that the
continued listing of our Ordinary Shares on the Nasdaq Capital Market will enable us to have better access to the public capital markets
while providing for greater liquidity for our shareholders. In addition, we believe that the Reverse Split (as defined below) is advisable
in order to make our Ordinary Shares more attractive to a broader range of investors, including professional investors, institutional
investors and the general investing public. Regaining compliance with Nasdaq Rules will enable us to maintain our listing for trade on
the Nasdaq Capital Market.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Our Board intends to effect
such Reverse Split only if it believes that a decrease in the number of Ordinary Shares outstanding is likely to improve the trading price
of our Ordinary Shares and is necessary to continue our listing on the Nasdaq Capital Market.</P>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">The principal effects of the Reverse Split would
be that:</P>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.75in"></TD><TD STYLE="width: 0.25in; text-align: left">&#9679;</TD><TD STYLE="text-align: justify">the per-share exercise price of any outstanding options would
be increased proportionately and the number of Ordinary Shares issuable upon the exercise of such options would be reduced proportionately;</TD>
</TR></TABLE>

<P STYLE="text-align: justify; margin-top: 0; margin-bottom: 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.75in"></TD><TD STYLE="width: 0.25in; text-align: left">&#9679;</TD><TD STYLE="text-align: justify">the number of Ordinary Shares authorized for future issuance
under our equity plans would be proportionately reduced and other similar adjustments will be made under the equity plans to reflect
the Reverse Split;</TD>
</TR></TABLE>

<P STYLE="text-align: justify; margin-top: 0; margin-bottom: 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.75in"></TD><TD STYLE="width: 0.25in; text-align: left">&#9679;</TD><TD STYLE="text-align: justify">the exercise, exchange or conversion price of all other outstanding
securities, such as warrants, that are exercisable or exchangeable for or convertible into Ordinary Shares would be proportionately adjusted
to maintain the intrinsic value of such securities and the number of Ordinary Shares issuable upon such exercise, exchange or conversion
would be proportionately adjusted;</TD>
</TR></TABLE>

<P STYLE="text-align: justify; margin-top: 0; margin-bottom: 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.75in"></TD><TD STYLE="width: 0.25in; text-align: left">&#9679;</TD><TD STYLE="text-align: justify">The par value of our Ordinary Shares will be adjusted in proportion
to the ratio of the Reverse Split. For instance, if our Board effects a reverse split at a ratio of 1-for-5, the par value of our Ordinary
Shares will change from NIS 0.02 each to NIS 0.10 par value each, and if our Board effects a reverse split at a ratio of 1-for-20, the
par value of our Ordinary Shares will change from NIS 0.02 each to NIS 0.40 par value each;</TD>
</TR></TABLE>

<P STYLE="margin-top: 0; margin-bottom: 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.75in"></TD><TD STYLE="width: 0.25in; text-align: left">&#9679;</TD><TD STYLE="text-align: justify">the Reverse Split would likely increase the number of shareholders
who own odd lots (less than 100 shares). Odd lot shares may be more difficult to sell, and brokerage commissions and other costs of transactions
in odd lots are generally higher than the costs of transactions in &ldquo;round lots&rdquo; of even multiples of 100 shares; and</TD>
</TR></TABLE>

<P STYLE="margin-top: 0; margin-bottom: 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.75in"></TD><TD STYLE="width: 0.25in; text-align: left">&#9679;</TD><TD STYLE="text-align: justify">after the effective time of the Reverse Split, the Ordinary
Shares would have a new CUSIP number, which is a number used to identify our Ordinary Shares.</TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">We are therefore seeking approval
of the shareholders to effect a reverse split of the Company&rsquo;s issued and outstanding ordinary shares at a ratio of between 1:5
and 1:20, such that, depending on the ratio, every five ordinary shares and up to twenty ordinary shares shall be converted into one ordinary
share, with the par value adjusted proportionally (the &ldquo;<B>Reverse Split</B>&rdquo;). If this Item 1 is approved by our shareholders,
the Board will have the authority, in its own discretion, within one year of the date of the Meeting, to determine if to implement the
Reverse Split, and the exact ratio and the effective date of the Reverse Split.</P>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">No fractional shares will
be issued as a result of the Reverse Split. In accordance with our Articles of Association, our Board determined that all fractional shares
will be rounded to the nearest whole ordinary share, such that only shareholders holding fractional consolidated shares of more than one-half
of one whole share shall be entitled to receive one consolidated share.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Upon the implementation of
the Reverse Split, we intend to treat shares held by shareholders through a bank, broker, custodian or other nominee in the same manner
as registered shareholders whose shares are registered in their names. Banks, brokers, custodians or other nominees will be instructed
to effect the Reverse Split for their beneficial holders holding our ordinary shares in street name. However, these banks, brokers, custodians
or other nominees may have different procedures than registered shareholders for processing the Reverse Split. Shareholders who hold our
ordinary shares with a bank, broker, custodian or other nominee and who have any questions in this regard are encouraged to contact their
banks, brokers, custodians or other nominees.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B><U>Certain Risks Associated with the Reverse Split </U></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">There are numerous factors
and contingencies that could affect the price of our Ordinary Shares following the proposed Reverse Split, including the status of the
market for our Ordinary Shares at the time, our reported results of operations in future periods, and general economic, market and industry
conditions. Accordingly, the market price of our Ordinary Shares may not be sustainable as the direct arithmetic result of the Reverse
Split. If the market price of our Ordinary Shares declines after the Reverse Split, our total market capitalization (the aggregate value
of all of our outstanding ordinary shares at the then existing market price) after the Reverse Split will be lower than before the Reverse
Split.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The Reverse Split may result
in some shareholders owning &ldquo;odd lots&rdquo; of less than 100 Ordinary Shares on a post-split&nbsp;basis. Odd lots may be more difficult
to sell, or require greater transaction costs per share to sell, than shares in &ldquo;round lots&rdquo; of even multiples of 100&nbsp;shares.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B><U>Material Israeli Tax Consequences</U></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The Reverse Split should not
be a taxable event for shareholders under Israeli tax laws. Shareholders should consult with their own tax advisors regarding the tax
effect, if any, of the Reverse Split on them.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B><U>Material U.S.&nbsp;Federal Income Tax Consequences</U></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The following is a summary
of the material U.S.&nbsp;federal income tax consequences of the Reverse Split to U.S.&nbsp;Holders (as defined below) of our Ordinary
Shares. This summary does not purport to be a complete discussion of all of the possible U.S.&nbsp;federal income tax consequences. Further,
it does not address the impact of the Medicare surtax on certain net investment income or the alternative minimum tax, U.S.&nbsp;federal
estate or gift tax laws, any state, local or foreign income or other tax consequences or any tax treaties. Also, it does not address the
tax consequences to holders that are subject to special tax rules, such as (i)&nbsp;persons who are not U.S.&nbsp;Holders; (ii)&nbsp;banks,
insurance companies, or other financial institutions; (iii)&nbsp;regulated investment companies; (iv)&nbsp;tax-qualified&nbsp;retirement
plans; (v)&nbsp;dealers in securities and foreign currencies; (vi)&nbsp;persons whose functional currency is not the U.S.&nbsp;dollar;
(vii)&nbsp;traders in securities that use the mark-to-market&nbsp;method of accounting for U.S.&nbsp;federal income tax purposes; (viii)&nbsp;persons
deemed to sell our Ordinary Shares under the constructive sale provisions of the Code; (ix)&nbsp;persons that acquired our Ordinary Shares
through the exercise of employee stock options or otherwise as compensation or through a tax-qualified&nbsp;retirement plan; (x)&nbsp;persons
that hold our Ordinary Shares as part of a straddle, appreciated financial position, synthetic security, hedge, conversion transaction
or other integrated investment or risk reduction transaction; (xi)&nbsp;persons that own, directly, indirectly or constructively, at any
time, Ordinary Shares representing 5% or more of our voting power or value; (xii)&nbsp;certain former citizens or long-term&nbsp;residents
of the United&nbsp;States; and (xiii)&nbsp;tax-exempt&nbsp;entities or governmental organizations.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">As used herein, the term &ldquo;<B>U.S.&nbsp;Holder</B>&rdquo;
means a beneficial owner of our Ordinary Shares that is (i)&nbsp;an individual citizen or resident of the United&nbsp;States, (ii)&nbsp;a
corporation (or other entity treated as a corporation for U.S.&nbsp;federal income tax purposes) that is created or organized (or treated
as created or organized) in or under the laws of the United&nbsp;States, any state thereof or the District of Columbia, (iii)&nbsp;an
estate whose income is includible in gross income for U.S.&nbsp;federal income tax purposes regardless of its source, or (iv)&nbsp;a trust
if (x)&nbsp;a U.S.&nbsp;court can exercise primary supervision over the trust&rsquo;s administration and one or more U.S.&nbsp;persons
are authorized to control all substantial decisions of the trust, or (y)&nbsp;it has a valid election in effect under applicable U.S.&nbsp;Treasury
regulations to be treated as a U.S.&nbsp;person.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The discussion is based on
the Internal Revenue Code of 1986, as amended (the &ldquo;<B>Code</B>&rdquo;), U.S.&nbsp;Treasury regulations, administrative rulings
and judicial authority as of the date hereof, all of which are subject to change or differing interpretations, possibly with retroactive
effect. This summary also assumes that the Ordinary Shares prior to the Reverse Split (the &ldquo;<B>Old Shares</B>&rdquo;) were, and
the Ordinary Shares after the Reverse Split (the &ldquo;<B>New Shares</B>&rdquo;) will be, held as a &ldquo;capital asset,&rdquo; as defined
within the meaning of Section&nbsp;1221 of the Code (i.e., generally, property held for investment). The tax treatment of a U.S.&nbsp;Holder
may vary depending upon the particular facts and circumstances of such U.S.&nbsp;Holder. Each shareholder is urged to consult with such
shareholder&rsquo;s own tax advisor with respect to the tax consequences of the Reverse Split.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">If a partnership (or other
entity or arrangement classified as a partnership for U.S.&nbsp;federal income tax purposes) is the beneficial owner of our Ordinary Shares,
the U.S.&nbsp;federal income tax treatment of a partner in the partnership will generally depend on the status of the partner and the
activities of the partnership. Partnerships that hold our Ordinary Shares, and partners in such partnerships, should consult their own
tax advisors regarding the U.S.&nbsp;federal income tax consequences of the Reverse Split.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">We have not sought and will
not seek any ruling from the Internal Revenue Service (the &ldquo;<B>IRS</B>&rdquo;) or an opinion from counsel, with respect to the U.S.&nbsp;federal
income tax consequences of the Reverse Split. Our view regarding the tax consequences of the Reverse Split is not binding on the IRS or
the courts. Moreover, there can be no assurance that the IRS or a court will agree with such statements and conclusions.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The Reverse Split is intended
to constitute a &ldquo;recapitalization&rdquo; for U.S.&nbsp;federal income tax purposes. Therefore, subject to the discussion regarding
passive foreign investment company (&ldquo;<B>PFIC</B>&rdquo;), status below, no gain or loss should be recognized by a U.S.&nbsp;Holder
upon such U.S.&nbsp;Holder&rsquo;s exchange (or deemed exchange) of Old Shares for New Shares pursuant to the Reverse Split. The aggregate
tax basis of the New Shares received (or deemed received) in the Reverse Split should be the same as the U.S.&nbsp;Holder&rsquo;s aggregate
tax basis in the Old Shares exchanged (or deemed exchanged) therefor. The U.S.&nbsp;Holder&rsquo;s holding period for the New Shares should
include the period during which the U.S.&nbsp;Holder held the Old Shares surrendered (or deemed surrendered) in the Reverse Split. U.S.&nbsp;holders
that hold Ordinary Shares acquired on different dates and at different prices should consult their tax advisors regarding identifying
the bases and holding periods of the particular Ordinary Shares they hold after the Reverse Split.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Pursuant to Section&nbsp;1291(f)&nbsp;of
the Code, to the extent provided in U.S.&nbsp;Treasury regulations, if a U.S.&nbsp;person transfers stock in a PFIC in a transaction that
does not result in full recognition of gain, then any unrecognized gain is required to be recognized notwithstanding any non-recognition&nbsp;provision
in the Code. The U.S.&nbsp;Treasury has issued proposed regulations under Section&nbsp;1291(f)&nbsp;of the Code, but they have not been
finalized. The IRS could take the position that Section&nbsp;1291(f)&nbsp;of the Code is effective even in the absence of finalized regulations,
or the regulations could be finalized with retroactive effect. Accordingly, no assurances can be provided as to the potential applicability
of Section&nbsp;1291(f)&nbsp;of the Code to the Reverse Split.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Based on the projected composition
of our income and valuation of our assets, we may have been a PFIC during 2023, and although we have not determined whether we will be
a PFIC in 2024, or in any subsequent year, our operating results for any such years may cause us to be a PFIC. However, the Company&rsquo;s
actual PFIC status for the current taxable year or any subsequent taxable year is uncertain and will not be determinable until after the
end of such taxable year. Accordingly, there can be no assurance with respect to the Company&rsquo;s status as a PFIC for the taxable
year ending December&nbsp;31, 2024, or any subsequent taxable year. If the Company is treated as a PFIC with respect to a U.S.&nbsp;Holder
and Section&nbsp;1291(f)&nbsp;applies to the U.S.&nbsp;Holder&rsquo;s exchange (or deemed exchange) of Old Shares for New Shares pursuant
to the Reverse Split, the U.S.&nbsp;Holder may be required to recognize any gain realized on such transfer, in which case such gain generally
would be subject to the &ldquo;excess distribution&rdquo; rules under Section&nbsp;1291 of the Code. U.S.&nbsp;Holders should consult
their own tax advisors regarding the U.S.&nbsp;federal income tax consequences of the Reverse Split if the Company were treated as a PFIC.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Each shareholder should consult
with his, her or its own tax advisor with respect to all of the potential tax consequences to such shareholder of the Reverse Split, including
the applicability and effect of any state, local, and non-U.S.&nbsp;tax laws, as well as U.S.&nbsp;federal tax laws and any applicable
tax treaties.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">THE U.S.&nbsp;CONSEQUENCES
OF THE REVERSE SPLIT MAY DEPEND UPON THE PARTICULAR CIRCUMSTANCES OF EACH SHAREHOLDER.&nbsp;ACCORDINGLY, EACH SHAREHOLDER IS ADVISED TO
CONSULT THE SHAREHOLDER&rsquo;S TAX ADVISOR WITH RESPECT TO ALL OF THE POTENTIAL TAX CONSEQUENCES TO THE SHAREHOLDER OF THE REVERSE SPLIT.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B><U>Required Approval</U></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The affirmative vote of a
majority of the Ordinary Shares present, in person or by proxy, and voting on the matter is required for the approval of the Reverse Split.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B><U>Proposed Resolutions</U></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">It is proposed that the following
resolution be adopted at the Meeting:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&ldquo;<B>RESOLVED</B>, to
approve a reverse share split of the Company&rsquo;s issued and outstanding ordinary shares NIS 0.02 par value each, in the range of a
ratio between 1:5 and 1:20, such that, depending on the ratio, every five ordinary shares and up to twenty ordinary shares shall be converted
into one ordinary share with such par value to be adjusted proportionally, to be effected at the discretion of, and at such ratio and
on such date to be determined by the Board, but not later than the first anniversary of the Meeting, and to approve conforming amendments
to the Company&rsquo;s Articles of Association to reflect such reverse share split.&rdquo;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>The Board of Directors
unanimously recommends that the shareholders vote FOR the above proposal.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>&nbsp;&nbsp;</B></P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><B>ITEM 2 &mdash; OTHER BUSINESS</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Management knows of no other
business to be transacted at the Meeting, other than as set forth in the Notice. However, if any other matters are properly presented
to the Meeting, the persons named in the enclosed form of proxy will vote upon such matters in accordance with their best judgment.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center; background-color: white"><B>ADDITIONAL INFORMATION</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; background-color: white">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">We are subject to the information reporting requirements of the U.S. Securities
Exchange Act of 1934, as amended (the &ldquo;<B>Exchange Act</B>&rdquo;), as applicable to foreign private issuers, and we fulfill the
obligations with respect to those requirements by filing reports with the SEC. Our SEC filings are available to the public on the SEC&rsquo;s
website at <U>www.sec.gov</U>. Shareholders may obtain information directly from the Company, whose registered office is at 1 Hatachana
street, Kfar Saba, 4453001, Israel and whose telephone number is +972-3-688-5252. The contents of our website do not form part of the
proxy solicitation material.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">As a foreign private issuer,
we are exempt from the rules under the Exchange Act related to the furnishing and content of proxy statements. The circulation of this
proxy statement and related notice should not be taken as an admission that we are subject to those proxy rules. Furthermore, our officers,
directors and principal shareholders are exempt from the reporting and &ldquo;short-swing&rdquo; profit recovery provisions contained
in Section 16 of the Exchange Act and the rules thereunder, with respect to their purchases and sales of securities. Lastly, we are not
required under the Exchange Act to file periodic reports and financial statements with the SEC as frequently or as promptly as United
States companies whose securities are registered under the Exchange Act.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; background-color: white">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">YOU SHOULD RELY ONLY ON THE
INFORMATION CONTAINED IN THIS PROXY STATEMENT OR THE INFORMATION FURNISHED TO YOU IN CONNECTION WITH THIS PROXY STATEMENT WHEN VOTING
ON THE MATTERS SUBMITTED TO SHAREHOLDER APPROVAL HEREUNDER. WE HAVE NOT AUTHORIZED ANYONE TO PROVIDE YOU WITH INFORMATION THAT IS DIFFERENT
FROM WHAT IS CONTAINED IN THIS DOCUMENT. THIS PROXY STATEMENT IS DATED JULY 3, 2024. YOU SHOULD NOT ASSUME THAT THE INFORMATION CONTAINED
IN THIS DOCUMENT IS ACCURATE AS OF ANY DATE OTHER THAN JULY 3, 2024, AND THE LATER RECEIPT OF THIS DOCUMENT BY SHAREHOLDERS SHOULD NOT
CREATE ANY IMPLICATION TO THE CONTRARY.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><B>PROPOSALS OF SHAREHOLDERS</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Any shareholder of the Company
who intends to present a proposal at the Meeting (a &ldquo;<B>Proposing Shareholder</B>&rdquo;) must satisfy the requirements of the Israeli
Companies Law, 5759-1999 and regulations promulgated thereunder (together, the &ldquo;<B>Companies Law</B>&rdquo;) and the requirements
of the Company&rsquo;s Articles of Association. Under the Companies Law, only shareholders who hold at least 1% of the Company&rsquo;s
outstanding voting rights are entitled to request that the Board include a proposal in a future shareholders meeting, provided that such
proposal is appropriate for consideration by shareholders at such meeting, except that a proposal relating to the appointment or removal
of a director (if such proposal is appropriate for such a future meeting), as a company listed on an exchange outside of Israel, may only
be requested by one or more shareholders holding at least 5% of the voting rights at the general meeting of the shareholders (a &ldquo;<B>Proposal
Request</B>&rdquo;). Such shareholders may present proposals for consideration at the Meeting by submitting their proposals to the Company
no later than July 10, 2024. If our Board determines that a shareholder proposal has been duly and timely received and is appropriate,
we will publish a revised agenda in the manner set forth in the proxy statement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">In order for the Board to
consider a Proposal Request and whether to include the matter stated therein in the agenda of the Meeting, notice of the Proposal Request
must be timely delivered under any applicable law and stock exchange rules and regulations and the Proposal Request must comply with any
applicable law and stock exchange rules and regulations as well as meet the applicable requirements set forth in the Articles of Association.
The Proposal Request must be made in English and in writing, signed by all of the Proposing Shareholder(s) making such request, delivered,
either in person or by certified mail, postage prepaid, and received by the Chief Executive Officer. The announcement of an adjournment
or postponement of the Meeting shall not commence a new time period (or extend any time period) for the delivery of a Proposal Request
as described above. The Proposal Request must include the following: (i) the name, address, telephone number, fax number and email address
of the Proposing Shareholder (or each Proposing Shareholder, as the case may be) and, if an entity, the name(s) of the person(s) that
controls or manages such entity; (ii) the number of Ordinary Shares held by the Proposing Shareholder(s), directly or indirectly (and,
if any of such Ordinary Shares are held indirectly, an explanation of how they are held and by whom), which shall be in such number no
less than as is required to qualify as a Proposing Shareholder, accompanied by evidence satisfactory to the Company of the record holding
of such Ordinary Shares by the Proposing Shareholder(s) as of the date of the Proposal Request, and a representation that the Proposing
Shareholder(s) intends to appear in person or by proxy at the meeting; (iii) the matter requested to be included on the agenda of the
Meeting, all information related to such matter, the reason that such matter is proposed to be brought before the Meeting, the complete
text of the resolution that the Proposing Shareholder proposes to be voted upon at the Meeting and, if the Proposing Shareholder wishes
to have a position statement in support of the Proposal Request, a copy of such position statement that complies with the requirement
of any applicable law; (iv) a description of all arrangements or understandings between the Proposing Shareholders and any other person(s)
(naming such person or persons) in connection with the matter that is requested to be included on the agenda and a declaration signed
by all Proposing Shareholder(s) of whether any of them has a personal interest in the matter and, if so, a description in reasonable detail
of such personal interest; (v) a description of all Derivative Transactions (as defined below) by each Proposing Shareholder(s) during
the previous twelve (12) month period, including the date of the transactions and the class, series and number of securities involved
in, and the material economic terms of, such Derivative Transactions; and (vi) a declaration that all of the information that is required
under the Companies Law and any other applicable law and stock exchange rules and regulations to be provided to the Company in connection
with such matter, if any, has been provided to the Company.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The Board, may, in its discretion,
to the extent it deems necessary, request that the Proposing Shareholder(s) provide additional information necessary so as to include
a matter in the agenda of the Meeting, as the Board may reasonably require. A &ldquo;Derivative Transaction&rdquo; means any agreement,
arrangement, interest or understanding entered into by, or on behalf or for the benefit of, any Proposing Shareholder or any of its affiliates
or associates, whether of record or beneficial: (i) the value of which is derived in whole or in part from the value of any class or series
of shares or other securities of the Company, (ii) which otherwise provides any direct or indirect opportunity to gain or share in any
gain derived from a change in the value of securities of the Company, (iii) the effect or intent of which is to mitigate loss, manage
risk or benefit of security value or price changes, or (iv) which provides the right to vote or increase or decrease the voting power
of, such Proposing Shareholder, or any of its affiliates or associates, with respect to any shares or other securities of the Company,
which agreement, arrangement, interest or understanding may include, without limitation, any option, warrant, debt position, note, bond,
convertible security, swap, stock appreciation right, short position, profit interest, hedge, right to dividends, voting agreement, performance-related
fee or arrangement to borrow or lend shares (whether or not subject to payment, settlement, exercise or conversion in any such class or
series), and any proportionate interest of such Proposing Shareholder in the securities of the Company held by any general or limited
partnership, or any limited liability company, of which such Proposing Shareholder is, directly or indirectly, a general partner or managing
member.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The information required pursuant
to the above shall be updated as of (i) the Record Date of the Meeting, (ii) five business days before the Meeting, and (iii) as of the
Meeting, and any adjournment or postponement thereof.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

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    <TD STYLE="width: 60%">&nbsp;</TD>
    <TD STYLE="text-align: justify; width: 40%"><FONT STYLE="font-size: 10pt">By Order of the Board,</FONT></TD>
    </TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    </TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD STYLE="border-bottom: black 1.5pt solid"><FONT STYLE="font-size: 10pt"><B><I>/s/ Amitay Weiss</I></B></FONT></TD>
    </TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt"><B><I>Chairman of the Board</I></B></FONT></TD>
    </TR>
  </TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Dated: July 3, 2024</P>

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<P STYLE="text-align: center; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt">10</P>

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<TYPE>EX-99.2
<SEQUENCE>3
<FILENAME>ea020894101ex99-2_parazero.htm
<DESCRIPTION>PROXY CARD FOR HOLDERS OF ORDINARY SHARES WITH RESPECT TO THE COMPANY'S SPECIAL GENERAL MEETING OF SHAREHOLDERS
<TEXT>
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<P STYLE="text-align: right; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Exhibit 99.2</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="text-transform: uppercase"><B>PARAZERO
TECHNOLOGIES LTD</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Special General Meeting of Shareholders </B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>July 24, 2024 10:00 AM Israel Time</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>At 20 HaHarash Street, Tel Aviv, 6761310 Israel</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>This proxy is solicited by the Board of Directors
</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="background-color: white">The shareholder(s)
hereby appoint(s) Amitay Weiss, Boaz Shetzer and Yuval Tovias or any of them, as proxies, each with the power to appoint his or her substitute,
and hereby authorize(s) them to represent and to vote, as designated on the reverse side of this ballot, all of the ordinary shares of
ParaZero Technologies Ltd that the shareholder(s) is/are entitled to vote at the Special Meeting of Shareholders to be held on Wednesday,
July 24, 2024, at 10:00 a.m. (Israel time), at the offices of the Company&rsquo;s Israeli counsel, Gornitzky &amp; Co., located at 20
HaHarash Street, Tel Aviv, 6761310 Israel, and any adjournment or postponement thereof. </FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; background-color: white">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>This
proxy, when properly executed, will be voted as directed herein. If no direction is given, to the fullest extent permitted under applicable
law, this proxy will be </B></FONT><B>voted FOR all items on the agenda, and<FONT STYLE="font-family: Times New Roman, Times, Serif">,
in the discretion of the proxies, upon such other business as may properly come before the Special General Meeting of Shareholders. </FONT></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; background-color: white"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Continued and to be signed on the reverse side.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>THIS PROXY CARD IS VALID ONLY WHEN SIGNED AND
DATED.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>PARAZERO TECHNOLOGIES LTD</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>The Board of Directors recommends you vote
FOR the following: </B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>&nbsp;</B></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 0.25in; font-size: 10pt; text-align: justify"><FONT STYLE="font-size: 10pt">1.</FONT></TD>
    <TD STYLE="text-align: justify">To approve a reverse share split of the Company&rsquo;s issued and outstanding ordinary
    shares NIS 0.02 par value each, in the range of a ratio between 1:5 and 1:20, such that, depending on the ratio, every five ordinary
    shares and up to twenty ordinary shares shall be converted into one ordinary share with such par value to be adjusted proportionally,
    to be effected at the discretion of, and at such ratio and on such date to be determined by the Board, but not later than the first
    anniversary of the Meeting, and to approve conforming amendments to the Company&rsquo;s Articles of Association to reflect such reverse
    share split.<BR>
<BR>
  &#9744; <B>For</B> &nbsp; &#9744; <B>Against</B> &nbsp; &#9744; <B>Abstain</B></TD></TR>
  </TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>&nbsp;</B></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 100%; font-size: 10pt; text-align: justify"><FONT STYLE="font-size: 10pt"><B>Note: </B>In their discretion, to the extent permissible under applicable law, the proxies are authorized to vote upon such other business as may properly come before the Special General Meeting of Shareholders or any postponement or adjournment thereof.</FONT></TD></TR>
  </TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; background-color: white"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; background-color: white">Please sign exactly as
your name(s) appear(s) hereon. When signing as attorney, executor, administrator, or other fiduciary, please give full title as such.
Joint owners should each sign personally. All holders must sign. If a corporation or partnership, please sign in full corporate or partnership
name by authorized officer.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; background-color: white">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR>
    <TD STYLE="vertical-align: bottom; width: 40%; border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; width: 3%; border-bottom: Black 1pt solid; font-size: 10pt; text-align: justify">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; width: 7%; border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; width: 8%; font-size: 10pt; text-align: justify">&nbsp;</TD>
    <TD STYLE="vertical-align: top; width: 31%; border-bottom: Black 1pt solid; font-size: 10pt; text-align: justify">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; width: 11%; border-bottom: Black 1pt solid; font-size: 10pt; text-align: justify">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom; font-size: 10pt; text-align: justify"><FONT STYLE="font-size: 10pt; background-color: white">Signature [PLEASE SIGN WITHIN BOX]</FONT></TD>
    <TD STYLE="vertical-align: bottom; font-size: 10pt; text-align: justify">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; font-size: 10pt; text-align: justify"><FONT STYLE="font-size: 10pt; background-color: white">Date</FONT></TD>
    <TD STYLE="vertical-align: bottom; font-size: 10pt; text-align: justify">&nbsp;</TD>
    <TD STYLE="vertical-align: top; font-size: 10pt; text-align: justify"><FONT STYLE="font-size: 10pt; background-color: white">Signature (joint Owners)</FONT></TD>
    <TD STYLE="vertical-align: bottom; font-size: 10pt; text-align: justify"><FONT STYLE="font-size: 10pt; background-color: white">Date</FONT></TD></TR>
  </TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

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