<SEC-DOCUMENT>0001178913-20-002992.txt : 20201104
<SEC-HEADER>0001178913-20-002992.hdr.sgml : 20201104
<ACCEPTANCE-DATETIME>20201104090512
ACCESSION NUMBER:		0001178913-20-002992
CONFORMED SUBMISSION TYPE:	SC 13G
PUBLIC DOCUMENT COUNT:		2
FILED AS OF DATE:		20201104
DATE AS OF CHANGE:		20201104
GROUP MEMBERS:		XT HI-TECH INVESTMENTS (1992) LTD.

SUBJECT COMPANY:	

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			PAINREFORM LTD.
		CENTRAL INDEX KEY:			0001801834
		STANDARD INDUSTRIAL CLASSIFICATION:	PHARMACEUTICAL PREPARATIONS [2834]
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			L3
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		SC 13G
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	005-91649
		FILM NUMBER:		201285366

	BUSINESS ADDRESS:	
		STREET 1:		60C MEDINAT HAYEHUDIM
		CITY:			HERZLIYA
		STATE:			L3
		ZIP:			4676670
		BUSINESS PHONE:		972-9-960-1901

	MAIL ADDRESS:	
		STREET 1:		60C MEDINAT HAYEHUDIM
		CITY:			HERZLIYA
		STATE:			L3
		ZIP:			4676670

FILED BY:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			XT Holdings Ltd.
		CENTRAL INDEX KEY:			0001278119
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			L3
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		SC 13G

	BUSINESS ADDRESS:	
		STREET 1:		40 EINSTEIN STREET
		STREET 2:		RAMAT AVIV OFFICE TOWER, 6TH FLOOR
		CITY:			TEL AVIV
		STATE:			L3
		ZIP:			69102
		BUSINESS PHONE:		011972-3-745-6000

	MAIL ADDRESS:	
		STREET 1:		40 EINSTEIN STREET
		STREET 2:		RAMAT AVIV OFFICE TOWER, 6TH FLOOR
		CITY:			TEL AVIV
		STATE:			L3
		ZIP:			69102

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	XT Hi-Tech Investments (1992) Ltd.
		DATE OF NAME CHANGE:	20140519

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	Ofer Hi-Tech Investments Ltd.
		DATE OF NAME CHANGE:	20090714

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	OFER SHIPS HOLDINGS LTD
		DATE OF NAME CHANGE:	20040130
</SEC-HEADER>
<DOCUMENT>
<TYPE>SC 13G
<SEQUENCE>1
<FILENAME>zk2025081.htm
<DESCRIPTION>SC 13G
<TEXT>
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    <div style="line-height: 1.25; font-family: 'Times New Roman',Times,serif; font-weight: 400;"> <br>
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    <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;">_____________</div>
    <div style="line-height: 1.25;"><br style="line-height: 1.25;">
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    <div style="text-align: center; line-height: 1.25; font-family: 'Times New Roman',Times,serif; font-size: 14pt; font-weight: bold;">SCHEDULE 13G</div>
    <div style="text-align: center; line-height: 1.25; font-weight: bold;">UNDER THE SECURITIES EXCHANGE ACT OF 1934</div>
    <div style="text-align: center; line-height: 1.25; font-weight: bold;">(Amendment No.)*</div>
    <div style="line-height: 1.25;"><br style="line-height: 1.25;">
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    <div style="text-align: center; line-height: 1.25; font-family: 'Times New Roman',Times,serif; font-size: 16pt; font-weight: bold;">PainReform Ltd.</div>
    <div style="text-align: center; line-height: 1.25; font-family: 'Times New Roman',Times,serif; font-weight: bold;">
      <hr noshade="noshade" align="center" style="height: 2px; color: #000000; background-color: #000000; margin-left: auto; margin-right: auto; border: none;"></div>
    <div style="text-align: center; line-height: 1.25;">(Name of Issuer)<br>
      <br>
      <font style="font-weight: bold;">Ordinary Shares, par value NIS 0.03 per share</font></div>
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      <hr noshade="noshade" align="center" style="height: 2px; color: #000000; background-color: #000000; margin-left: auto; margin-right: auto; border: none;">(Title of Class of Securities)<br>
      <br>
      <font style="font-weight: bold;">M77798102</font><br>
      <hr noshade="noshade" align="center" style="height: 2px; color: #000000; background-color: #000000; margin-left: auto; margin-right: auto; border: none;">(CUSIP Number)</div>
    <div style="line-height: 1.25;"><br style="line-height: 1.25;">
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    <div style="text-align: center; line-height: 1.25; font-weight: bold;">September 1, 2020</div>
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      <hr noshade="noshade" align="center" style="height: 2px; color: #000000; background-color: #000000; margin-left: auto; margin-right: auto; border: none;"></div>
    <div style="text-align: center; line-height: 1.25;">(Date of Event Which Requires Filing of this Statement)</div>
    <div style="line-height: 1.25">&#160;</div>
    <div style="text-align: justify; text-indent: 36pt; line-height: 1.25;">Check the appropriate box to designate the rule pursuant to which this Schedule is filed:</div>
    <div style="line-height: 1.25">&#160;</div>
    <div style="line-height: 1.25; font-family: 'Times New Roman',Times,serif; margin-left: 72pt;">&#9744; Rule 13d-1(b)</div>
    <div style="line-height: 1.25">&#160;</div>
    <div style="line-height: 1.25; font-family: 'Times New Roman',Times,serif; margin-left: 72pt;">&#9744; Rule 13d-1(c)</div>
    <div style="line-height: 1.25">&#160;</div>
    <div style="line-height: 1.25; font-family: 'Times New Roman',Times,serif; margin-left: 72pt;">&#9746; Rule 13d-1(d)</div>
    <div style="line-height: 1.25">&#160;</div>
    <div style="text-align: justify; text-indent: 36pt; line-height: 1.25;">* The remainder of this cover page shall be filled out for a reporting person&#8217;s initial filing on this form with respect to the subject class of securities, and for any subsequent
      amendment containing information which would alter the disclosures provided in a prior cover page.</div>
    <div style="line-height: 1.25">&#160;</div>
    <div style="text-align: justify; text-indent: 36pt; line-height: 1.25;">The information required in the remainder of this cover page shall not be deemed to be &#8220;filed&#8221; for the purpose of Section 18 of the Securities Exchange Act of 1934, as amended (the
      &#8220;<u>Act</u>&#8221;) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see<font style="font-style: italic;">&#160;</font>the Notes).</div>
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                <div style="line-height: 1.25; font-family: 'Times New Roman', Times, serif;"><font style="font-weight: bold;">CUSIP No.</font>&#160;<font style="font-weight: bold;"><u>M77798102</u></font></div>
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                <div style="text-align: center; line-height: 1.25; font-family: 'Times New Roman', Times, serif; font-weight: bold;">13G</div>
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              <td style="width: 33.07%; vertical-align: top; border-width: 2px; border-style: solid; border-color: rgb(0, 0, 0);">
                <div style="text-align: center; line-height: 1.25; font-family: 'Times New Roman', Times, serif; font-weight: bold;">Page 2 of 8 Pages</div>
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          <div style="display: block; text-indent: 0pt;">
            <table cellspacing="0" cellpadding="5" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; WIDTH: 100%">

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                    <div style="font-weight: bold; margin-left: 0pt; display: block; margin-right: 0pt; text-indent: 0pt;">1.</div>
                  </td>
                  <td colspan="3" style="BORDER-TOP: black 2px solid; BORDER-RIGHT: black 2px solid; BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: left; MARGIN-LEFT: 0pt; BORDER-LEFT: black 2px solid; WIDTH: 7%; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt">
                    <div style="margin-left: 0pt; display: block; margin-right: 0pt; text-indent: 0pt;">Names of Reporting Persons.</div>
                    <div style="margin-left: 0pt; display: block; margin-right: 0pt; text-indent: 0pt;">&#160;</div>
                    <div style="font-weight: bold; margin-left: 0pt; display: block; margin-right: 0pt; text-indent: 0pt;"><font style="font-family: 'Times New Roman',Times,serif; font-weight: normal;">XT Hi-Tech Investments (1992) Ltd</font><font style="font-weight: normal;">.</font></div>
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                <tr valign="top">
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                    <div style="font-weight: bold; margin-left: 0pt; display: block; margin-right: 0pt; text-indent: 0pt;">2.</div>
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                  <td colspan="3" style="BORDER-RIGHT: black 2px solid; BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: left; MARGIN-LEFT: 0pt; BORDER-LEFT: black 2px solid; WIDTH: 7%; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt">
                    <div style="margin-left: 0pt; display: block; margin-right: 0pt; text-indent: 0pt;">Check the Appropriate Box if a Member of a Group (See Instructions)</div>
                    <div style="margin-left: 0pt; display: block; margin-right: 0pt; text-indent: 0pt;">
                      <div style="margin-left: 0pt; display: block; margin-right: 0pt; text-indent: 0pt;">(a) &#9744;</div>
                      <div style="margin-left: 0pt; display: block; margin-right: 0pt; text-indent: 0pt;">(b) &#9744;</div>
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                    <div style="font-weight: bold; margin-left: 0pt; display: block; margin-right: 0pt; text-indent: 0pt;">3.</div>
                  </td>
                  <td bgcolor="#cceeff" colspan="3" style="BORDER-RIGHT: black 2px solid; BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: left; BORDER-LEFT: black 2px solid; WIDTH: 7%">
                    <div style="margin-left: 0pt; display: block; margin-right: 0pt; text-indent: 0pt;">
                      <div>SEC Use Only</div>
                      <div>&#160;</div>
                    </div>
                    <div style="font-size: 80%; font-family: times new roman, times, serif; margin-left: 0pt; display: block; margin-right: 0pt; text-indent: 0pt;">&#160;</div>
                  </td>
                </tr>
                <tr valign="top">
                  <td valign="top" style="BORDER-RIGHT: black 1px; BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: left; MARGIN-LEFT: 0pt; BORDER-LEFT: black 2px solid; WIDTH: 7%; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt">
                    <div style="font-weight: bold; margin-left: 0pt; display: block; margin-right: 0pt; text-indent: 0pt;">4.</div>
                  </td>
                  <td colspan="3" style="BORDER-RIGHT: black 2px solid; BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: left; MARGIN-LEFT: 0pt; BORDER-LEFT: black 2px solid; WIDTH: 7%; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt">
                    <div style="margin-left: 0pt; display: block; margin-right: 0pt; text-indent: 0pt;">
                      <div>Citizenship or Place of Organization</div>
                      <div>&#160;</div>
                      <div style="font-weight: normal;">Israel</div>
                    </div>
                  </td>
                </tr>
                <tr valign="top">
                  <td valign="middle" colspan="2" rowspan="4" style="BORDER-BOTTOM: black 2px solid; BORDER-LEFT: black 2px solid; WIDTH: 7%">
                    <div style="text-align: center; margin-left: 0pt; display: block; margin-right: 0pt; text-indent: 0pt;">Number of</div>
                    <div style="text-align: center; margin-left: 0pt; display: block; margin-right: 0pt; text-indent: 0pt;">Shares</div>
                    <div style="text-align: center; margin-left: 0pt; display: block; margin-right: 0pt; text-indent: 0pt;">Beneficially</div>
                    <div style="text-align: center; margin-left: 0pt; display: block; margin-right: 0pt; text-indent: 0pt;">Owned by</div>
                    <div style="text-align: center; margin-left: 0pt; display: block; margin-right: 0pt; text-indent: 0pt;">Each</div>
                    <div style="text-align: center; margin-left: 0pt; display: block; margin-right: 0pt; text-indent: 0pt;">Reporting</div>
                    <div style="text-align: center; margin-left: 0pt; display: block; margin-right: 0pt; text-indent: 0pt;">Person with</div>
                  </td>
                  <td valign="top" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: center; BORDER-LEFT: black 2px solid; WIDTH: 7%">
                    <div style="font-weight: bold; text-align: left; margin-left: 0pt; display: block; margin-right: 0pt; text-indent: 0pt;">5.</div>
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                  <td style="BORDER-RIGHT: black 2px solid; BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: left; BORDER-LEFT: black 2px solid; WIDTH: 79%">
                    <div style="margin-left: 0pt; display: block; margin-right: 0pt; text-indent: 0pt;">
                      <div>Sole Voting Power</div>
                      <div>&#160;</div>
                      <div style="FONT-WEIGHT: bold">
                        <div style="line-height: 1.25; font-family: 'Times New Roman',Times,serif; font-weight: normal;">1,752,959</div>
                        <font style="FONT-WEIGHT: normal"></font></div>
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                </tr>
                <tr valign="top">
                  <td valign="top" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: left; MARGIN-LEFT: 0pt; BORDER-LEFT: black 2px solid; WIDTH: 7%; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt">
                    <div style="font-weight: bold; margin-left: 0pt; display: block; margin-right: 0pt; text-indent: 0pt;">6.</div>
                  </td>
                  <td style="BORDER-RIGHT: black 2px solid; BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: left; BORDER-LEFT: black 2px solid; WIDTH: 7%">
                    <div style="margin-left: 0pt; display: block; margin-right: 0pt; text-indent: 0pt;">Shared Voting Power</div>
                    <div style="margin-left: 0pt; display: block; margin-right: 0pt; text-indent: 0pt;">&#160;</div>
                    <div style="font-weight: normal; margin-left: 0pt; display: block; margin-right: 0pt; text-indent: 0pt;">0<br>
                    </div>
                  </td>
                </tr>
                <tr valign="top">
                  <td valign="top" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: left; MARGIN-LEFT: 0pt; BORDER-LEFT: black 2px solid; WIDTH: 7%; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt">
                    <div style="font-weight: bold; margin-left: 0pt; display: block; margin-right: 0pt; text-indent: 0pt;">7.</div>
                  </td>
                  <td style="BORDER-RIGHT: black 2px solid; BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: left; BORDER-LEFT: black 2px solid; WIDTH: 7%">
                    <div style="margin-left: 0pt; display: block; margin-right: 0pt; text-indent: 0pt;">Sole Dispositive Power</div>
                    <div style="margin-left: 0pt; display: block; margin-right: 0pt; text-indent: 0pt;">&#160;</div>
                    <div style="font-weight: bold; margin-left: 0pt; display: block; margin-right: 0pt; text-indent: 0pt;">
                      <div style="line-height: 1.25; font-family: 'Times New Roman',Times,serif; font-weight: normal;">1,752,959</div>
                      <font style="FONT-WEIGHT: normal"></font></div>
                  </td>
                </tr>
                <tr valign="top">
                  <td valign="top" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: left; MARGIN-LEFT: 0pt; BORDER-LEFT: black 2px solid; WIDTH: 7%; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt">
                    <div style="font-weight: bold; margin-left: 0pt; display: block; margin-right: 0pt; text-indent: 0pt;">8.</div>
                  </td>
                  <td style="BORDER-RIGHT: black 2px solid; BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: left; BORDER-LEFT: black 2px solid; WIDTH: 7%">
                    <div style="margin-left: 0pt; display: block; margin-right: 0pt; text-indent: 0pt;">Shared Dispositive Power</div>
                    <div style="margin-left: 0pt; display: block; margin-right: 0pt; text-indent: 0pt;">&#160;</div>
                    <div style="font-weight: normal; margin-left: 0pt; display: block; margin-right: 0pt; text-indent: 0pt;">0<br>
                    </div>
                  </td>
                </tr>
                <tr valign="top">
                  <td valign="top" style="BORDER-RIGHT: black 1px; BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: left; MARGIN-LEFT: 0pt; BORDER-LEFT: black 2px solid; WIDTH: 7%; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt">
                    <div style="font-weight: bold; margin-left: 0pt; display: block; margin-right: 0pt; text-indent: 0pt;">9.</div>
                  </td>
                  <td colspan="3" style="BORDER-RIGHT: black 2px solid; BORDER-BOTTOM: black 2px solid; BORDER-LEFT: black 2px solid; WIDTH: 7%">
                    <div style="text-align: left; margin-left: 0pt; display: block; margin-right: 0pt; text-indent: 0pt;">Aggregate Amount Beneficially Owned by Each Reporting Person</div>
                    <div style="font-weight: bold; text-align: left; margin-left: 0pt; display: block; margin-right: 0pt; text-indent: 0pt;">&#160;</div>
                    <div style="font-weight: bold; text-align: left; margin-left: 0pt; display: block; margin-right: 0pt; text-indent: 0pt;">
                      <div style="line-height: 1.25; font-family: 'Times New Roman',Times,serif; font-weight: normal;">1,752,959</div>
                      <font style="FONT-WEIGHT: normal"></font></div>
                  </td>
                </tr>
                <tr valign="top">
                  <td valign="top" style="BORDER-RIGHT: black 1px; BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: left; MARGIN-LEFT: 0pt; BORDER-LEFT: black 2px solid; WIDTH: 7%; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt">
                    <div style="font-weight: bold; margin-left: 0pt; display: block; margin-right: 0pt; text-indent: 0pt;">10.</div>
                  </td>
                  <td colspan="3" style="BORDER-RIGHT: black 2px solid; BORDER-BOTTOM: black 2px solid; BORDER-LEFT: black 2px solid; WIDTH: 7%">
                    <div style="text-align: left; margin-left: 0pt; display: block; margin-right: 0pt; text-indent: 0pt;">Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)</div>
                    <div style="TEXT-ALIGN: left; MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt">&#160;</div>
                    <div style="TEXT-ALIGN: left; MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt">&#9744; </div>
                  </td>
                </tr>
                <tr valign="top">
                  <td valign="top" style="BORDER-RIGHT: black 1px; BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: left; MARGIN-LEFT: 0pt; BORDER-LEFT: black 2px solid; WIDTH: 7%; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt">
                    <div style="font-weight: bold; margin-left: 0pt; display: block; margin-right: 0pt; text-indent: 0pt;">11.</div>
                  </td>
                  <td colspan="3" style="BORDER-RIGHT: black 2px solid; BORDER-BOTTOM: black 2px solid; BORDER-LEFT: black 2px solid; WIDTH: 7%">
                    <div style="text-align: left; margin-left: 0pt; display: block; margin-right: 0pt; text-indent: 0pt;">Percent of Class Represented by Amount in Row (9)</div>
                    <div style="TEXT-ALIGN: left; MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt">&#160;</div>
                    <div style="font-weight: normal; text-align: left; margin-left: 0pt; display: block; margin-right: 0pt; text-indent: 0pt;">19.7% (1)</div>
                  </td>
                </tr>
                <tr valign="top">
                  <td valign="top" style="BORDER-RIGHT: black 1px; BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: left; MARGIN-LEFT: 0pt; BORDER-LEFT: black 2px solid; WIDTH: 7%; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt">
                    <div style="font-weight: bold; margin-left: 0pt; display: block; margin-right: 0pt; text-indent: 0pt;">12.</div>
                  </td>
                  <td colspan="3" style="BORDER-RIGHT: black 2px solid; BORDER-BOTTOM: black 2px solid; BORDER-LEFT: black 2px solid; WIDTH: 7%">
                    <div style="text-align: left; margin-left: 0pt; display: block; margin-right: 0pt; text-indent: 0pt;">Type of Reporting Person (See Instructions)</div>
                    <div style="font-weight: bold; text-align: left; margin-left: 0pt; display: block; margin-right: 0pt; text-indent: 0pt;">&#160;</div>
                    <div style="font-weight: normal; text-align: left; margin-left: 0pt; display: block; margin-right: 0pt; text-indent: 0pt;">CO</div>
                  </td>
                </tr>

            </table>
          </div>
          <div style="DISPLAY: block; TEXT-INDENT: 0pt">&#160;</div>
        </div>
      </div>
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        <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: 28.35pt; vertical-align: top; align: right;">(1)</td>
              <td style="width: auto; vertical-align: top;">
                <div>This percentage is based on 8,910,125 Ordinary Shares of the Issuer&#8217;s issued and outstanding as of August 28, 2020, which number appeared in the final prospectus, dated September 1, 2020, forming a part of the Issuer&#8217;s registration
                  statement on Form F-1, filed with the Securities and Exchange Commission (&#8220;SEC&#8221;) on September 2, 2020.</div>
              </td>
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                    <div style="line-height: 1.25; font-family: 'Times New Roman', Times, serif;"><font style="font-weight: bold;">CUSIP No.</font>&#160;<font style="font-weight: bold;"><u>M77798102</u></font></div>
                  </td>
                  <td style="width: 33.06%; vertical-align: top; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0); border-bottom: 2px solid rgb(0, 0, 0);">
                    <div style="text-align: center; line-height: 1.25; font-family: 'Times New Roman', Times, serif; font-weight: bold;">13G</div>
                  </td>
                  <td style="width: 33.07%; vertical-align: top; border-width: 2px; border-style: solid; border-color: rgb(0, 0, 0);">
                    <div style="text-align: center; line-height: 1.25; font-family: 'Times New Roman', Times, serif; font-weight: bold;">Page 3 of 8 Pages</div>
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            <div style="margin-left: 0pt; display: block; margin-right: 0pt; text-indent: 0pt;"> </div>
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                <table cellspacing="0" cellpadding="5" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; WIDTH: 100%">

                    <tr valign="top">
                      <td valign="top" style="BORDER-TOP: black 2px solid; BORDER-RIGHT: black 1px; BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: left; MARGIN-LEFT: 0pt; BORDER-LEFT: black 2px solid; WIDTH: 7%; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt">
                        <div style="font-weight: bold; margin-left: 0pt; display: block; margin-right: 0pt; text-indent: 0pt;">1.</div>
                      </td>
                      <td colspan="3" style="BORDER-TOP: black 2px solid; BORDER-RIGHT: black 2px solid; BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: left; MARGIN-LEFT: 0pt; BORDER-LEFT: black 2px solid; WIDTH: 7%; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt">
                        <div style="margin-left: 0pt; display: block; margin-right: 0pt; text-indent: 0pt;">Names of Reporting Persons.</div>
                        <div style="margin-left: 0pt; display: block; margin-right: 0pt; text-indent: 0pt;">&#160;</div>
                        <div style="font-weight: normal; margin-left: 0pt; display: block; margin-right: 0pt; text-indent: 0pt;">XT Holdings Ltd.</div>
                      </td>
                    </tr>
                    <tr valign="top">
                      <td valign="top" style="BORDER-RIGHT: black 1px; BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: left; MARGIN-LEFT: 0pt; BORDER-LEFT: black 2px solid; WIDTH: 7%; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt">
                        <div style="font-weight: bold; margin-left: 0pt; display: block; margin-right: 0pt; text-indent: 0pt;">2.</div>
                      </td>
                      <td colspan="3" style="BORDER-RIGHT: black 2px solid; BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: left; MARGIN-LEFT: 0pt; BORDER-LEFT: black 2px solid; WIDTH: 7%; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt">
                        <div style="margin-left: 0pt; display: block; margin-right: 0pt; text-indent: 0pt;">Check the Appropriate Box if a Member of a Group (See Instructions)</div>
                        <div style="margin-left: 0pt; display: block; margin-right: 0pt; text-indent: 0pt;">
                          <div style="margin-left: 0pt; display: block; margin-right: 0pt; text-indent: 0pt;">(a) &#9744;</div>
                          <div style="margin-left: 0pt; display: block; margin-right: 0pt; text-indent: 0pt;">(b) &#9744;</div>
                        </div>
                      </td>
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                      <td valign="top" style="BORDER-RIGHT: black 1px; BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: left; MARGIN-LEFT: 0pt; BORDER-LEFT: black 2px solid; WIDTH: 7%; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt">
                        <div style="font-weight: bold; margin-left: 0pt; display: block; margin-right: 0pt; text-indent: 0pt;">3.</div>
                      </td>
                      <td bgcolor="#cceeff" colspan="3" style="BORDER-RIGHT: black 2px solid; BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: left; BORDER-LEFT: black 2px solid; WIDTH: 7%">
                        <div style="margin-left: 0pt; display: block; margin-right: 0pt; text-indent: 0pt;">
                          <div>SEC Use Only</div>
                          <div>&#160;</div>
                        </div>
                        <div style="font-size: 80%; font-family: times new roman, times, serif; margin-left: 0pt; display: block; margin-right: 0pt; text-indent: 0pt;">&#160;</div>
                      </td>
                    </tr>
                    <tr valign="top">
                      <td valign="top" style="BORDER-RIGHT: black 1px; BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: left; MARGIN-LEFT: 0pt; BORDER-LEFT: black 2px solid; WIDTH: 7%; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt">
                        <div style="font-weight: bold; margin-left: 0pt; display: block; margin-right: 0pt; text-indent: 0pt;">4.</div>
                      </td>
                      <td colspan="3" style="BORDER-RIGHT: black 2px solid; BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: left; MARGIN-LEFT: 0pt; BORDER-LEFT: black 2px solid; WIDTH: 7%; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt">
                        <div style="margin-left: 0pt; display: block; margin-right: 0pt; text-indent: 0pt;">
                          <div>Citizenship or Place of Organization</div>
                          <div>&#160;</div>
                          <div style="font-weight: normal;">Israel</div>
                        </div>
                      </td>
                    </tr>
                    <tr valign="top">
                      <td valign="middle" colspan="2" rowspan="4" style="BORDER-BOTTOM: black 2px solid; BORDER-LEFT: black 2px solid; WIDTH: 7%">
                        <div style="text-align: center; margin-left: 0pt; display: block; margin-right: 0pt; text-indent: 0pt;">Number of</div>
                        <div style="text-align: center; margin-left: 0pt; display: block; margin-right: 0pt; text-indent: 0pt;">Shares</div>
                        <div style="text-align: center; margin-left: 0pt; display: block; margin-right: 0pt; text-indent: 0pt;">Beneficially</div>
                        <div style="text-align: center; margin-left: 0pt; display: block; margin-right: 0pt; text-indent: 0pt;">Owned by</div>
                        <div style="text-align: center; margin-left: 0pt; display: block; margin-right: 0pt; text-indent: 0pt;">Each</div>
                        <div style="text-align: center; margin-left: 0pt; display: block; margin-right: 0pt; text-indent: 0pt;">Reporting</div>
                        <div style="text-align: center; margin-left: 0pt; display: block; margin-right: 0pt; text-indent: 0pt;">Person with</div>
                      </td>
                      <td valign="top" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: center; BORDER-LEFT: black 2px solid; WIDTH: 7%">
                        <div style="font-weight: bold; text-align: left; margin-left: 0pt; display: block; margin-right: 0pt; text-indent: 0pt;">5.</div>
                      </td>
                      <td style="BORDER-RIGHT: black 2px solid; BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: left; BORDER-LEFT: black 2px solid; WIDTH: 79%">
                        <div style="margin-left: 0pt; display: block; margin-right: 0pt; text-indent: 0pt;">
                          <div>Sole Voting Power</div>
                          <div>&#160;</div>
                          <div style="font-weight: normal;">
                            <div style="line-height: 1.25; font-family: 'Times New Roman', Times, serif;">1,752,959 (1)</div>
                          </div>
                        </div>
                      </td>
                    </tr>
                    <tr valign="top">
                      <td valign="top" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: left; MARGIN-LEFT: 0pt; BORDER-LEFT: black 2px solid; WIDTH: 7%; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt">
                        <div style="font-weight: bold; margin-left: 0pt; display: block; margin-right: 0pt; text-indent: 0pt;">6.</div>
                      </td>
                      <td style="BORDER-RIGHT: black 2px solid; BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: left; BORDER-LEFT: black 2px solid; WIDTH: 7%">
                        <div style="margin-left: 0pt; display: block; margin-right: 0pt; text-indent: 0pt;">Shared Voting Power</div>
                        <div style="margin-left: 0pt; display: block; margin-right: 0pt; text-indent: 0pt;">&#160;</div>
                        <div style="font-weight: normal; margin-left: 0pt; display: block; margin-right: 0pt; text-indent: 0pt;">0<br>
                        </div>
                      </td>
                    </tr>
                    <tr valign="top">
                      <td valign="top" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: left; MARGIN-LEFT: 0pt; BORDER-LEFT: black 2px solid; WIDTH: 7%; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt">
                        <div style="font-weight: bold; margin-left: 0pt; display: block; margin-right: 0pt; text-indent: 0pt;">7.</div>
                      </td>
                      <td style="BORDER-RIGHT: black 2px solid; BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: left; BORDER-LEFT: black 2px solid; WIDTH: 7%">
                        <div style="margin-left: 0pt; display: block; margin-right: 0pt; text-indent: 0pt;">Sole Dispositive Power</div>
                        <div style="margin-left: 0pt; display: block; margin-right: 0pt; text-indent: 0pt;">&#160;</div>
                        <div style="font-weight: bold; margin-left: 0pt; display: block; margin-right: 0pt; text-indent: 0pt;">
                          <div style="line-height: 1.25; font-family: 'Times New Roman',Times,serif; font-weight: normal;">
                            <div style="line-height: 1.25; font-family: 'Times New Roman', Times, serif;">1,752,959 (1)</div>
                          </div>
                        </div>
                      </td>
                    </tr>
                    <tr valign="top">
                      <td valign="top" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: left; MARGIN-LEFT: 0pt; BORDER-LEFT: black 2px solid; WIDTH: 7%; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt">
                        <div style="font-weight: bold; margin-left: 0pt; display: block; margin-right: 0pt; text-indent: 0pt;">8.</div>
                      </td>
                      <td style="BORDER-RIGHT: black 2px solid; BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: left; BORDER-LEFT: black 2px solid; WIDTH: 7%">
                        <div style="margin-left: 0pt; display: block; margin-right: 0pt; text-indent: 0pt;">Shared Dispositive Power</div>
                        <div style="margin-left: 0pt; display: block; margin-right: 0pt; text-indent: 0pt;">&#160;</div>
                        <div style="font-weight: normal; margin-left: 0pt; display: block; margin-right: 0pt; text-indent: 0pt;">0<br>
                        </div>
                      </td>
                    </tr>
                    <tr valign="top">
                      <td valign="top" style="BORDER-RIGHT: black 1px; BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: left; MARGIN-LEFT: 0pt; BORDER-LEFT: black 2px solid; WIDTH: 7%; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt">
                        <div style="font-weight: bold; margin-left: 0pt; display: block; margin-right: 0pt; text-indent: 0pt;">9.</div>
                      </td>
                      <td colspan="3" style="BORDER-RIGHT: black 2px solid; BORDER-BOTTOM: black 2px solid; BORDER-LEFT: black 2px solid; WIDTH: 7%">
                        <div style="text-align: left; margin-left: 0pt; display: block; margin-right: 0pt; text-indent: 0pt;">Aggregate Amount Beneficially Owned by Each Reporting Person</div>
                        <div style="font-weight: bold; text-align: left; margin-left: 0pt; display: block; margin-right: 0pt; text-indent: 0pt;">&#160;</div>
                        <div style="font-weight: normal; text-align: left; margin-left: 0pt; display: block; margin-right: 0pt; text-indent: 0pt;">
                          <div style="line-height: 1.25; font-family: 'Times New Roman', Times, serif;">1,752,959 (1)</div>
                        </div>
                      </td>
                    </tr>
                    <tr valign="top">
                      <td valign="top" style="BORDER-RIGHT: black 1px; BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: left; MARGIN-LEFT: 0pt; BORDER-LEFT: black 2px solid; WIDTH: 7%; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt">
                        <div style="font-weight: bold; margin-left: 0pt; display: block; margin-right: 0pt; text-indent: 0pt;">10.</div>
                      </td>
                      <td colspan="3" style="BORDER-RIGHT: black 2px solid; BORDER-BOTTOM: black 2px solid; BORDER-LEFT: black 2px solid; WIDTH: 7%">
                        <div style="text-align: left; margin-left: 0pt; display: block; margin-right: 0pt; text-indent: 0pt;">Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)</div>
                        <div style="TEXT-ALIGN: left; MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt">&#160;</div>
                        <div style="TEXT-ALIGN: left; MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt">&#9744; </div>
                      </td>
                    </tr>
                    <tr valign="top">
                      <td valign="top" style="BORDER-RIGHT: black 1px; BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: left; MARGIN-LEFT: 0pt; BORDER-LEFT: black 2px solid; WIDTH: 7%; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt">
                        <div style="font-weight: bold; margin-left: 0pt; display: block; margin-right: 0pt; text-indent: 0pt;">11.</div>
                      </td>
                      <td colspan="3" style="BORDER-RIGHT: black 2px solid; BORDER-BOTTOM: black 2px solid; BORDER-LEFT: black 2px solid; WIDTH: 7%">
                        <div style="text-align: left; margin-left: 0pt; display: block; margin-right: 0pt; text-indent: 0pt;">Percent of Class Represented by Amount in Row (9)</div>
                        <div style="TEXT-ALIGN: left; MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt">&#160;</div>
                        <div style="font-weight: normal; text-align: left; margin-left: 0pt; display: block; margin-right: 0pt; text-indent: 0pt;">
                          <div style="line-height: 1.25; font-family: 'Times New Roman', Times, serif;">19.7% (2)</div>
                        </div>
                      </td>
                    </tr>
                    <tr valign="top">
                      <td valign="top" style="BORDER-RIGHT: black 1px; BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: left; MARGIN-LEFT: 0pt; BORDER-LEFT: black 2px solid; WIDTH: 7%; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt">
                        <div style="font-weight: bold; margin-left: 0pt; display: block; margin-right: 0pt; text-indent: 0pt;">12.</div>
                      </td>
                      <td colspan="3" style="BORDER-RIGHT: black 2px solid; BORDER-BOTTOM: black 2px solid; BORDER-LEFT: black 2px solid; WIDTH: 7%">
                        <div style="text-align: left; margin-left: 0pt; display: block; margin-right: 0pt; text-indent: 0pt;">Type of Reporting Person (See Instructions)</div>
                        <div style="font-weight: bold; text-align: left; margin-left: 0pt; display: block; margin-right: 0pt; text-indent: 0pt;">&#160;</div>
                        <div style="font-weight: normal; text-align: left; margin-left: 0pt; display: block; margin-right: 0pt; text-indent: 0pt;">CO</div>
                      </td>
                    </tr>

                </table>
              </div>
              <div style="DISPLAY: block; TEXT-INDENT: 0pt">&#160;</div>
            </div>
          </div>
        </div>
      </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: 28.35pt; vertical-align: top; align: right;">(1)</td>
            <td style="width: auto; vertical-align: top;">
              <div>Consists entirely of the 1,752,959 Ordinary Shares held by XT Hi-Tech Investments (1992) Ltd., which is an indirect, wholly-owned subsidiary of the Reporting Person with which the Reporting Person shares beneficial ownership as a result
                of the Reporting Person&#8217;s indirect, 100% control of the equity securities thereof. See Item 4.</div>
            </td>
          </tr>

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      <div style="line-height: 1.25;"><br style="line-height: 1.25;">
      </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: 28.35pt; vertical-align: top; align: right;">&#160;(2)</td>
            <td style="width: auto; vertical-align: top;">
              <div>This percentage is based on 8,910,125Ordinary Shares of the Issuer&#8217;s issued and outstanding as of August 28, 2020, which number appeared in the final prospectus, dated September 1, 2020, forming a part of the Issuer&#8217;s registration
                statement on Form F-1, filed with the SEC on September 2,2020.</div>
            </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;" id="DSPFPageBreakArea">
        <div style="text-align: center;" id="DSPFPageNumberArea"><font style="color: #000000; font-weight: normal; font-style: normal;" id="DSPFPageNumber">3</font></div>
        <div style="page-break-after: always;" id="DSPFPageBreak">
          <hr noshade="noshade" style="border-width: 0px; clear: both; margin: 4px 0px; width: 100%; height: 2px; color: #000000; background-color: #000000;"></div>
      </div>
    </div>
    <div style="line-height: 1.25">&#160;</div>
    <div style="line-height: 1.25; font-weight: bold;">Item 1(a).&#160; Name of Issuer:</div>
    <div style="line-height: 1.25">&#160;</div>
    <div style="text-align: justify; line-height: 1.25;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;The name of the issuer is PainReform Ltd. (the &#8220;<font style="font-weight: bold;">Issuer</font>&#8221;).</div>
    <div style="text-align: justify; text-indent: 21.3pt; line-height: 1.25; font-weight: bold;">
      <div style="text-align: left; line-height: 1.25;"><font style="font-weight: bold;">______________________________________________________________________________________________</font></div>
      <div style="line-height: 1.25;"><br style="line-height: 1.25;">
      </div>
    </div>
    <div style="text-align: justify; line-height: 1.25; font-weight: bold;">Item 1(b). Address of Issuer&#8217;s Principal Executive Offices:</div>
    <div style="line-height: 1.25;"><br style="line-height: 1.25;">
    </div>
    <div style="line-height: 1.25;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;The Issuer&#8217;s principal executive offices are located at 60C Medinat Hayehudim, Herzliya, 4676670, Israel.</div>
    <div style="line-height: 1.25;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="font-weight: bold;">______________________________________________________________________________________________</font></div>
    <div style="line-height: 1.25;"><br style="line-height: 1.25;">
    </div>
    <div style="line-height: 1.25; font-weight: bold;">Item 2(a).&#160; Name of Person Filing:</div>
    <div style="line-height: 1.25">&#160;</div>
    <div style="text-indent: 35.45pt; line-height: 1.25;">The following entity and individuals, listed in (i)-(ii) below, who are filing this Statement of Beneficial Ownership on Schedule 13G (this &#8220;<font style="font-weight: bold;">Statement</font>&#8221;), are
      referred to herein collectively as the &#8220;<font style="font-weight: bold;">Reporting Persons</font>&#8221;:</div>
    <div style="line-height: 1.25;"><br style="line-height: 1.25;">
    </div>
    <table cellspacing="0" cellpadding="0" id="zf0b575e7829d4f8b8ea2a4322306f970" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

        <tr>
          <td style="width: 59.7pt;"><br>
          </td>
          <td style="width: 36pt; vertical-align: top; align: right;">(i)</td>
          <td style="width: auto; vertical-align: top; text-align: justify;">
            <div>XT Hi-Tech Investments (1992) Ltd. (&#8220;<font style="font-weight: bold;">XT Hi-Tech</font>&#8221;)</div>
          </td>
        </tr>

    </table>
    <table cellspacing="0" cellpadding="0" id="z5e0d56fbadc94233a1428adc55311736" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

        <tr>
          <td style="width: 59.7pt;"><br>
          </td>
          <td style="width: 36pt; vertical-align: top; align: right;">(ii)</td>
          <td style="width: auto; vertical-align: top; text-align: justify;">
            <div>XT Holdings Ltd. (&#8220;<font style="font-weight: bold;">XT Holdings</font>&#8221;)</div>
          </td>
        </tr>

    </table>
    <div style="line-height: 1.25;"><br style="line-height: 1.25;">
    </div>
    <div style="text-align: justify; text-indent: 35.45pt; line-height: 1.25;">XT Hi-Tech is an indirect wholly owned subsidiary of XT Investments Ltd. (&#8220;<font style="font-weight: bold;">XT Investments</font>&#8221;), which is a direct wholly-owned subsidiary of
      XT Holdings, of which Orona Investments Ltd. (&#8220;<font style="font-weight: bold;">Orona</font>&#8221;) and Lynav Holdings Ltd. (&#8220;<font style="font-weight: bold;">Lynav</font>&#8221;) are each the direct owners of one-half of the outstanding ordinary shares. Orona
      is indirectly owned 56% by Mr.&#160;Udi Angel, who also indirectly owns 100% of the means of control of Orona.<font style="font-weight: bold;">&#160; </font>Lynav is held 95% by CIBC Bank and Trust Company (Cayman) Ltd. (&#8220;<font style="font-weight: bold;">CIBC</font>&#8221;)&#8212;

      as trustee of a discretionary trust established in the Cayman Islands. Udi Angel is member of the board of directors of XT Hi-Tech and has a casting vote with respect to various decisions taken by the board, including voting and disposition over the
      Ordinary Shares held by XT Hi-Tech.</div>
    <div style="line-height: 1.25; font-weight: bold;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; <font style="font-weight: bold;">______________________________________________________________________________________________</font>
      <div style="line-height: 1.25;"><br style="line-height: 1.25;">
      </div>
    </div>
    <div style="line-height: 1.25; font-weight: bold;">Item 2(b).&#160; Address of Principal Business Office or, if None, Residence:</div>
    <div style="line-height: 1.25">&#160;</div>
    <div style="text-indent: 56.7pt; line-height: 1.25;">The principal business office of each Reporting Person is as follows:</div>
    <div style="line-height: 1.25;"><br style="line-height: 1.25;">
    </div>
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        <tr>
          <td style="width: 57pt;"><br>
          </td>
          <td style="width: 36pt; vertical-align: top; align: right;">(i)</td>
          <td style="width: auto; vertical-align: top; text-align: justify;">
            <div>XT Hi-Tech&#8212; 9 Andre Saharov Street, P.O. Box 15090, Haifa 31905, Israel</div>
          </td>
        </tr>

    </table>
    <table cellspacing="0" cellpadding="0" id="z1b432072a66a4a56845dbd6fe0fc0a3e" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

        <tr>
          <td style="width: 57pt;"><br>
          </td>
          <td style="width: 36pt; vertical-align: top; align: right;">(ii)</td>
          <td style="width: auto; vertical-align: top; text-align: justify;">
            <div>XT Holdings&#8212; 9 Andre Saharov Street, P.O. Box 15090, Haifa 31905, Israel</div>
          </td>
        </tr>

    </table>
    <div style="text-align: justify; line-height: 1.25;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; <font style="font-weight: bold;">______________________________________________________________________________________________</font>
      <div style="line-height: 1.25;"><br style="line-height: 1.25;">
      </div>
    </div>
    <div style="text-align: justify; line-height: 1.25; font-weight: bold;">Item 2(c).&#160;&#160; Citizenship:</div>
    <div style="line-height: 1.25;"><br style="line-height: 1.25;">
    </div>
    <div style="text-indent: 56.7pt; line-height: 1.25;">The state of organization of each Reporting Person is as follows:</div>
    <div style="line-height: 1.25;"><br style="line-height: 1.25;">
    </div>
    <table cellspacing="0" cellpadding="0" id="zced80a6ccca444bbb0bf1bdc1eb8580e" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

        <tr>
          <td style="width: 57pt;"><br>
          </td>
          <td style="width: 21pt; vertical-align: top; align: right;">(i)</td>
          <td style="width: auto; vertical-align: top; text-align: justify;">
            <div>XT Hi-Tech &#8212; Israel</div>
          </td>
        </tr>

    </table>
    <table cellspacing="0" cellpadding="0" id="z321d1cea6c074787862d58696a76e0b5" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

        <tr>
          <td style="width: 57pt;"><br>
          </td>
          <td style="width: 21pt; vertical-align: top; align: right;">(ii)</td>
          <td style="width: auto; vertical-align: top; text-align: justify;">
            <div>XT Holdings &#8212; Israel</div>
          </td>
        </tr>

    </table>
    <div style="text-align: justify; line-height: 1.25; font-weight: bold;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; <font style="font-weight: bold;">______________________________________________________________________________________________</font>
      <div style="line-height: 1.25;"><br style="line-height: 1.25;">
      </div>
    </div>
    <div style="text-align: justify; line-height: 1.25; font-weight: bold;">Item 2(d).&#160; &#160; Title of Class of Securities:</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;">This Statement relates to the ordinary shares, par value New Israeli Shekel (&#8220;<font style="font-weight: bold;">NIS</font>&#8221;) 0.03 per share (&#8220;<font style="font-weight: bold;">Ordinary

        Shares</font>&#8221;), of the Issuer.</div>
    <div style="text-align: justify; line-height: 1.25;"><font style="font-weight: bold;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; &#160;&#160; </font><font style="font-weight: bold;">______________________________________________________________________________________________</font>
      <div style="line-height: 1.25;"><br style="line-height: 1.25;">
      </div>
    </div>
    <div style="text-align: justify; line-height: 1.25; font-weight: bold;">Item 2(e).&#160; &#160; CUSIP Number:</div>
    <div style="line-height: 1.25;"><br style="line-height: 1.25;">
    </div>
    <div style="text-align: justify; text-indent: -21.25pt; margin-left: 56.7pt; line-height: 1.25;">The CUSIP number of the Ordinary Shares is M77798102.</div>
    <div style="text-align: justify; line-height: 1.25; font-weight: bold;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; &#160; &#160; <font style="font-weight: bold;">______________________________________________________________________________________________</font>
      <div style="line-height: 1.25;"><br style="line-height: 1.25;">
      </div>
    </div>
    <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" id="DSPFPageBreakArea">
      <div style="text-align: center;" id="DSPFPageNumberArea"><font style="color: #000000; font-weight: normal; font-style: normal;" id="DSPFPageNumber">4</font></div>
      <div style="page-break-after: always;" id="DSPFPageBreak">
        <hr noshade="noshade" style="border-width: 0px; clear: both; margin: 4px 0px; width: 100%; height: 2px; color: #000000; background-color: #000000;"></div>
    </div>
    <div style="line-height: 1.25;"><br style="line-height: 1.25;">
    </div>
    <table cellspacing="0" cellpadding="0" id="ze1e1d51c250048a08104568205127f22" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

        <tr>
          <td style="width: 63.8pt; vertical-align: top; align: right; font-weight: bold;">Item 3.</td>
          <td style="width: auto; vertical-align: top; text-align: justify;">
            <div style="font-weight: bold;">If this statement is filed pursuant to &#167;&#167; 240.13d-1(b) or 240.13d-2(b), or (c), check whether the person filing is a:</div>
          </td>
        </tr>

    </table>
    <div style="line-height: 1.25;"><br style="line-height: 1.25;">
    </div>
    <table cellspacing="0" cellpadding="0" id="z5df72638d1b346dcbeb9eba9c4b42f52" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

        <tr>
          <td style="width: 7.86%; vertical-align: top;">&#160;</td>
          <td style="width: 4.5%; vertical-align: top;">
            <div style="line-height: 1.25;">(a)</div>
          </td>
          <td style="width: 7.86%; vertical-align: top;">
            <div style="line-height: 1.25;">&#9744;</div>
          </td>
          <td style="width: 79.78%; vertical-align: top;">
            <div style="line-height: 1.25;">Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o).</div>
          </td>
        </tr>
        <tr>
          <td style="width: 7.86%; vertical-align: top;">&#160;</td>
          <td style="width: 4.5%; vertical-align: top;">&#160;</td>
          <td style="width: 7.86%; vertical-align: top;">&#160;</td>
          <td style="width: 79.78%; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 7.86%; vertical-align: top;">&#160;</td>
          <td style="width: 4.5%; vertical-align: top;">
            <div style="line-height: 1.25;">(b)</div>
          </td>
          <td style="width: 7.86%; vertical-align: top;">&#9744;</td>
          <td style="width: 79.78%; vertical-align: top;">
            <div style="line-height: 1.25;">Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c).</div>
          </td>
        </tr>
        <tr>
          <td style="width: 7.86%; vertical-align: top;">&#160;</td>
          <td style="width: 4.5%; vertical-align: top;">&#160;</td>
          <td style="width: 7.86%; vertical-align: top;">&#160;</td>
          <td style="width: 79.78%; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 7.86%; vertical-align: top;">&#160;</td>
          <td style="width: 4.5%; vertical-align: top;">
            <div style="line-height: 1.25;">(c)</div>
          </td>
          <td style="width: 7.86%; vertical-align: top;">&#9744;</td>
          <td style="width: 79.78%; vertical-align: top;">
            <div style="line-height: 1.25;">Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c).</div>
          </td>
        </tr>
        <tr>
          <td style="width: 7.86%; vertical-align: top;">&#160;</td>
          <td style="width: 4.5%; vertical-align: top;">&#160;</td>
          <td style="width: 7.86%; vertical-align: top;">&#160;</td>
          <td style="width: 79.78%; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 7.86%; vertical-align: top;">&#160;</td>
          <td style="width: 4.5%; vertical-align: top;">
            <div style="line-height: 1.25;">(d)</div>
          </td>
          <td style="width: 7.86%; vertical-align: top;">&#9744;</td>
          <td style="width: 79.78%; vertical-align: top;">
            <div style="line-height: 1.25;">Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8).</div>
          </td>
        </tr>
        <tr>
          <td style="width: 7.86%; vertical-align: top;">&#160;</td>
          <td style="width: 4.5%; vertical-align: top;">&#160;</td>
          <td style="width: 7.86%; vertical-align: top;">&#160;</td>
          <td style="width: 79.78%; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 7.86%; vertical-align: top;">&#160;</td>
          <td style="width: 4.5%; vertical-align: top;">
            <div style="line-height: 1.25;">(e)</div>
          </td>
          <td style="width: 7.86%; vertical-align: top;">&#9744;</td>
          <td style="width: 79.78%; vertical-align: top;">
            <div style="line-height: 1.25;">An investment adviser in accordance with &#167; 240.13d-1(b)(1)(ii)(E);</div>
          </td>
        </tr>
        <tr>
          <td style="width: 7.86%; vertical-align: top;">&#160;</td>
          <td style="width: 4.5%; vertical-align: top;">&#160;</td>
          <td style="width: 7.86%; vertical-align: top;">&#160;</td>
          <td style="width: 79.78%; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 7.86%; vertical-align: top;">&#160;</td>
          <td style="width: 4.5%; vertical-align: top;">
            <div style="line-height: 1.25;">(f)</div>
          </td>
          <td style="width: 7.86%; vertical-align: top;">&#9744;</td>
          <td style="width: 79.78%; vertical-align: top;">
            <div style="line-height: 1.25;">An employee benefit plan or endowment fund in accordance with &#167; 240.13d-1(b)(1)(ii)(F);</div>
          </td>
        </tr>
        <tr>
          <td style="width: 7.86%; vertical-align: top;">&#160;</td>
          <td style="width: 4.5%; vertical-align: top;">&#160;</td>
          <td style="width: 7.86%; vertical-align: top;">&#160;</td>
          <td style="width: 79.78%; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 7.86%; vertical-align: top;">&#160;</td>
          <td style="width: 4.5%; vertical-align: top;">
            <div style="line-height: 1.25;">(g)</div>
          </td>
          <td style="width: 7.86%; vertical-align: top;">&#9744;</td>
          <td style="width: 79.78%; vertical-align: top;">
            <div style="line-height: 1.25;">A parent holding company or control person in accordance with &#167;240.13d-1(b)(1)(ii)(G);</div>
          </td>
        </tr>
        <tr>
          <td style="width: 7.86%; vertical-align: top;">&#160;</td>
          <td style="width: 4.5%; vertical-align: top;">&#160;</td>
          <td style="width: 7.86%; vertical-align: top;">&#160;</td>
          <td style="width: 79.78%; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 7.86%; vertical-align: top;">&#160;</td>
          <td style="width: 4.5%; vertical-align: top;">
            <div style="line-height: 1.25;">(h)</div>
          </td>
          <td style="width: 7.86%; vertical-align: top;">&#9744;</td>
          <td style="width: 79.78%; vertical-align: top;">
            <div style="line-height: 1.25;">A savings association as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C.1813);</div>
          </td>
        </tr>
        <tr>
          <td style="width: 7.86%; vertical-align: top;">&#160;</td>
          <td style="width: 4.5%; vertical-align: top;">&#160;</td>
          <td style="width: 7.86%; vertical-align: top;">&#160;</td>
          <td style="width: 79.78%; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 7.86%; vertical-align: top;">&#160;</td>
          <td style="width: 4.5%; vertical-align: top;">
            <div style="line-height: 1.25;">(i)</div>
          </td>
          <td style="width: 7.86%; vertical-align: top;">&#9744;</td>
          <td style="width: 79.78%; vertical-align: top;">
            <div style="line-height: 1.25;">A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);</div>
          </td>
        </tr>
        <tr>
          <td style="width: 7.86%; vertical-align: top;">&#160;</td>
          <td style="width: 4.5%; vertical-align: top;">&#160;</td>
          <td style="width: 7.86%; vertical-align: top;">&#160;</td>
          <td style="width: 79.78%; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 7.86%; vertical-align: top;">&#160;</td>
          <td style="width: 4.5%; vertical-align: top;">
            <div style="line-height: 1.25;">(j)</div>
          </td>
          <td style="width: 7.86%; vertical-align: top;">&#9744;</td>
          <td style="width: 79.78%; vertical-align: top;">
            <div style="line-height: 1.25;">A non-U.S. institution in accordance with &#167;240.13d-1(b)(1)(ii)(J);</div>
          </td>
        </tr>
        <tr>
          <td style="width: 7.86%; vertical-align: top;">&#160;</td>
          <td style="width: 4.5%; vertical-align: top;">&#160;</td>
          <td style="width: 7.86%; vertical-align: top;">&#160;</td>
          <td style="width: 79.78%; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 7.86%; vertical-align: top;">&#160;</td>
          <td style="width: 4.5%; vertical-align: top;">
            <div style="line-height: 1.25;">(k)</div>
          </td>
          <td style="width: 7.86%; vertical-align: top;">&#9744;</td>
          <td style="width: 79.78%; vertical-align: top;">
            <div style="line-height: 1.25;">Group, in accordance with &#167;240.13d-1(b)(1)(ii)(K).</div>
            <div style="line-height: 1.25;"><font style="line-height: 1.25;">&#160;</font></div>
          </td>
        </tr>
        <tr>
          <td style="width: 100%; vertical-align: top;" colspan="4">
            <div style="line-height: 1.25;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; If filing as a non-U.S. institution in accordance with &#167;240.13d-1(b)(1)(ii)(J), please specify the type of institution: __________________</div>
          </td>
        </tr>

    </table>
    <div style="line-height: 1.25;"><br style="line-height: 1.25;">
    </div>
    <div style="text-align: justify; text-indent: 36pt; line-height: 1.25;"><font style="font-weight: bold;">&#160;&#160;&#160;</font>Not applicable.</div>
    <div style="text-align: justify; line-height: 1.25;"><br style="line-height: 1.25;">
    </div>
    <div style="text-align: justify; line-height: 1.25; font-weight: bold;">Item 4.&#160; &#160; &#160; &#160; &#160; Ownership.</div>
    <div style="line-height: 1.25;"> <br>
    </div>
    <div style="line-height: 1.25;">
      <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: 18pt;"><br>
            </td>
            <td style="width: 36pt; vertical-align: top; align: right;"><br>
            </td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div>
                <div style="line-height: 1.25;">Provide the following information regarding the aggregate number and percentage of the class of securities of the issuer identified in Item 1. </div>
              </div>
            </td>
          </tr>

      </table>
      <div style="line-height: 1.25;"><br style="line-height: 1.25;">
      </div>
    </div>
    <table cellspacing="0" cellpadding="0" id="z07fbd95774c747708c99980ded71112b" 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: 36pt; vertical-align: top; align: right;">I.</td>
          <td style="width: auto; vertical-align: top; text-align: justify;">
            <div>XT Hi-Tech</div>
          </td>
        </tr>

    </table>
    <div style="line-height: 1.25;"><br style="line-height: 1.25;">
    </div>
    <table cellspacing="0" cellpadding="0" id="z1bdc21c219e24df286d5d49c23843bb6" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

        <tr>
          <td style="width: 63.8pt;"><br>
          </td>
          <td style="width: 18pt; vertical-align: top; align: right;">(a)</td>
          <td style="width: auto; vertical-align: top; text-align: justify;">
            <div>Amount beneficially owned: 1,752,959 Ordinary Shares</div>
          </td>
        </tr>

    </table>
    <table cellspacing="0" cellpadding="0" id="z8f90eb34fd1c49e2927ef75249f420da" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

        <tr>
          <td style="width: 63.8pt;"><br>
          </td>
          <td style="width: 18pt; vertical-align: top; align: right;">(b)</td>
          <td style="width: auto; vertical-align: top; text-align: justify;">
            <div>Percent of class*: 19.7%</div>
          </td>
        </tr>

    </table>
    <table cellspacing="0" cellpadding="0" id="ze20de82bf1e4491ba91b8156ee2641bf" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

        <tr>
          <td style="width: 63.8pt;"><br>
          </td>
          <td style="width: 18pt; vertical-align: top; align: right;">(c)</td>
          <td style="width: auto; vertical-align: top; text-align: justify;">
            <div>Number of shares as to which the person has:</div>
          </td>
        </tr>

    </table>
    <table cellspacing="0" cellpadding="0" id="zce51fabd9544440f87a929353c4a8c6b" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

        <tr>
          <td style="width: 81.8pt;"><br>
          </td>
          <td style="width: 36pt; vertical-align: top; align: right;">(i)</td>
          <td style="width: auto; vertical-align: top; text-align: justify;">
            <div>Sole power to vote or to direct the vote: 1,752,959</div>
          </td>
        </tr>

    </table>
    <table cellspacing="0" cellpadding="0" id="z32d1702e91b44fcaab105819aa075095" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

        <tr>
          <td style="width: 81.8pt;"><br>
          </td>
          <td style="width: 36pt; vertical-align: top; align: right;">(ii)</td>
          <td style="width: auto; vertical-align: top; text-align: justify;">
            <div>Shared power to vote or to direct the vote: 0</div>
          </td>
        </tr>

    </table>
    <table cellspacing="0" cellpadding="0" id="z4d7b8d4cadc7485481ae2388a73199b5" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

        <tr>
          <td style="width: 81.8pt;"><br>
          </td>
          <td style="width: 36pt; vertical-align: top; align: right;">(iii)</td>
          <td style="width: auto; vertical-align: top; text-align: justify;">
            <div>Sole power to dispose of or to direct the disposition of: 1,752,959</div>
          </td>
        </tr>

    </table>
    <table cellspacing="0" cellpadding="0" id="zfd96f97fa0ce4316a581d60a37ee274f" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

        <tr>
          <td style="width: 81.8pt;"><br>
          </td>
          <td style="width: 36pt; vertical-align: top; align: right;">(iv)</td>
          <td style="width: auto; vertical-align: top; text-align: justify;">
            <div>Shared power to dispose of or to direct the disposition of:&#160; 0</div>
          </td>
        </tr>

    </table>
    <div style="line-height: 1.25;"><br style="line-height: 1.25;">
    </div>
    <table cellspacing="0" cellpadding="0" id="z9b5a7c8dc38a43e8bd8f752e3dce8875" 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: 36pt; vertical-align: top; align: right;">II.</td>
          <td style="width: auto; vertical-align: top; text-align: justify;">
            <div> XT Holdings</div>
          </td>
        </tr>

    </table>
    <div style="line-height: 1.25;"><br style="line-height: 1.25;">
    </div>
    <table cellspacing="0" cellpadding="0" id="z8036a1c44a514b70b5173f8808e5ab60" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

        <tr>
          <td style="width: 63.8pt;"><br>
          </td>
          <td style="width: 18pt; vertical-align: top; align: right;">(a)</td>
          <td style="width: auto; vertical-align: top; text-align: justify;">
            <div>Amount beneficially owned: 1,752,959 Ordinary Shares</div>
          </td>
        </tr>

    </table>
    <table cellspacing="0" cellpadding="0" id="z04e2029678cb4080ba93ff99a8260146" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

        <tr>
          <td style="width: 63.8pt;"><br>
          </td>
          <td style="width: 18pt; vertical-align: top; align: right;">(b)</td>
          <td style="width: auto; vertical-align: top; text-align: justify;">
            <div>Percent of class*: 19.7%</div>
          </td>
        </tr>

    </table>
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        <tr>
          <td style="width: 63.8pt;"><br>
          </td>
          <td style="width: 18pt; vertical-align: top; align: right;">(c)</td>
          <td style="width: auto; vertical-align: top; text-align: justify;">
            <div>Number of shares as to which the person has:</div>
          </td>
        </tr>

    </table>
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        <tr>
          <td style="width: 81.8pt;"><br>
          </td>
          <td style="width: 36pt; vertical-align: top; align: right;">(i)</td>
          <td style="width: auto; vertical-align: top; text-align: justify;">
            <div>Sole power to vote or to direct the vote: 0<font style="font-weight: bold;">&#160;</font></div>
          </td>
        </tr>

    </table>
    <table cellspacing="0" cellpadding="0" id="z08293e05b53e4aacbcb96892e241abc0" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

        <tr>
          <td style="width: 81.8pt;"><br>
          </td>
          <td style="width: 36pt; vertical-align: top; align: right;">(ii)</td>
          <td style="width: auto; vertical-align: top; text-align: justify;">
            <div>Shared power to vote or to direct the vote: 1,752,959</div>
          </td>
        </tr>

    </table>
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        <tr>
          <td style="width: 81.8pt;"><br>
          </td>
          <td style="width: 36pt; vertical-align: top; align: right;">(iii)</td>
          <td style="width: auto; vertical-align: top; text-align: justify;">
            <div>Sole power to dispose of or to direct the disposition of: 0</div>
          </td>
        </tr>

    </table>
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        <tr>
          <td style="width: 81.8pt;"><br>
          </td>
          <td style="width: 36pt; vertical-align: top; align: right;">(iv)</td>
          <td style="width: auto; vertical-align: top; text-align: justify;">
            <div>Shared power to dispose of or to direct the disposition of:&#160; 1,752,959</div>
          </td>
        </tr>

    </table>
    <div style="line-height: 1.25;"><br style="line-height: 1.25;">
    </div>
    <div style="text-indent: 35.45pt; line-height: 1.25;">*&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;All percentages in this Schedule 13G are based on 8,910,125 Ordinary Shares of the Issuer&#8217;s issued and outstanding as of September 1, 2020, which number appeared in the final prospectus,
      dated September 1, 2020, forming a part of the Issuer&#8217;s registration statement on Form F-1, filed with the SEC on September 2, 2020.</div>
    <div style="text-align: justify; text-indent: 36pt; line-height: 1.25;"><font style="font-weight: bold;">______________________________________________________________________________________________</font>
      <div style="line-height: 1.25;"><br style="line-height: 1.25;">
      </div>
    </div>
    <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" id="DSPFPageBreakArea">
      <div style="text-align: center;" id="DSPFPageNumberArea"><font style="color: #000000; font-weight: normal; font-style: normal;" id="DSPFPageNumber">5</font></div>
      <div style="page-break-after: always;" id="DSPFPageBreak">
        <hr noshade="noshade" style="border-width: 0px; clear: both; margin: 4px 0px; width: 100%; height: 2px; color: #000000; background-color: #000000;"></div>
    </div>
    <div style="line-height: 1.25;"><br style="line-height: 1.25;">
    </div>
    <div style="text-align: justify; line-height: 1.25;"><font style="font-weight: bold;">Item 5.</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="font-weight: bold;">Ownership of Five Percent or Less of a Class.</font></div>
    <div style="line-height: 1.25;"><br style="line-height: 1.25;">
    </div>
    <div style="text-indent: 35.45pt; line-height: 1.25;">If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities, check
      the following: &#9744;.</div>
    &#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; <font style="font-weight: bold;">______________________________________________________________________________________________</font>
    <div style="line-height: 1.25;"><br style="line-height: 1.25;">
    </div>
    <div style="text-align: justify; line-height: 1.25;"><font style="font-weight: bold;">Item 6.</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="font-weight: bold;">Ownership of More Than Five Percent on Behalf of Another Person.</font></div>
    <div style="line-height: 1.25;"><br style="line-height: 1.25;">
    </div>
    <div style="text-indent: 35.45pt; line-height: 1.25;">Each of (i) XT Investments, as the indirect parent company of XT Hi-Tech, (ii) XT Holdings, as the direct parent company of XT Investments, (iii) Orona and Lynav, as the direct owners of one-half of
      the outstanding ordinary shares of XT Holdings, and (iv) CIBC, as the holder of 95% of<font style="font-weight: bold;">&#160;</font>Lynav, have the right to receive dividends from, and proceeds from the sale of, the 1,752,959 Ordinary Shares held by XT
      Hi-Tech.</div>
    <div style="text-align: justify; margin-left: 36pt; line-height: 1.25;">&#160;&#160;&#160;&#160;&#160;&#160;&#160; <font style="font-weight: bold;">______________________________________________________________________________________________</font></div>
    <div style="line-height: 1.25;"><br style="line-height: 1.25;">
    </div>
    <div style="text-align: justify; line-height: 1.25; font-family: 'Times New Roman',Times,serif; font-weight: bold;"><font style="font-weight: bold;">Item 7.</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="font-weight: bold;">Identification and Classification of the
        Subsidiary Which Acquired the Security Being</font> Reported on By the Parent Holding Company or Control Person.</div>
    <div style="line-height: 1.25">&#160;</div>
    &#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; Not applicable.
    <div style="text-align: justify; margin-left: 36pt; line-height: 1.25;">&#160;&#160;&#160;&#160;&#160;&#160;&#160; <font style="font-weight: bold;">______________________________________________________________________________________________</font></div>
    <div style="line-height: 1.25">&#160;</div>
    <div style="text-align: justify; line-height: 1.25;"><font style="font-weight: bold;">Item 8.</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="font-weight: bold;">Identification and Classification of Members of the Group.</font></div>
    <div style="line-height: 1.25">&#160;</div>
    &#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; Not applicable.
    <div style="text-align: justify; margin-left: 36pt; line-height: 1.25;">&#160;&#160;&#160;&#160;&#160;&#160;&#160; <font style="font-weight: bold;">______________________________________________________________________________________________</font></div>
    <div style="line-height: 1.25">&#160;</div>
    <div style="text-align: justify; line-height: 1.25;"><font style="font-weight: bold;">Item 9.</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="font-weight: bold;">Notice of Dissolution of Group.</font></div>
    <div style="line-height: 1.25">&#160;</div>
    &#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; Not applicable.
    <div style="text-align: justify; margin-left: 36pt; line-height: 1.25;">&#160;&#160;&#160;&#160;&#160;&#160;&#160; <font style="font-weight: bold;">______________________________________________________________________________________________</font></div>
    <div style="line-height: 1.25">&#160;</div>
    <div style="text-align: justify; line-height: 1.25;"><font style="font-weight: bold;">Item 10.</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160; <font style="font-weight: bold;">Certifications.</font></div>
    <div style="line-height: 1.25">&#160;</div>
    &#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; Not applicable.
    <div style="text-align: justify; margin-left: 36pt; line-height: 1.25;">&#160;&#160;&#160;&#160;&#160;&#160;&#160; <font style="font-weight: bold;">______________________________________________________________________________________________</font></div>
    <div style="line-height: 1.25">&#160;</div>
    <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" id="DSPFPageBreakArea">
      <div style="text-align: center;" id="DSPFPageNumberArea"><font style="color: #000000; font-weight: normal; font-style: normal;" id="DSPFPageNumber">6</font></div>
      <div style="page-break-after: always;" id="DSPFPageBreak">
        <hr noshade="noshade" style="border-width: 0px; clear: both; margin: 4px 0px; width: 100%; height: 2px; color: #000000; background-color: #000000;"></div>
    </div>
    <div style="line-height: 1.25;"><br style="line-height: 1.25;">
    </div>
    <div style="text-align: center; line-height: 1.25; font-weight: bold;">SIGNATURE</div>
    <div style="line-height: 1.25">&#160;</div>
    <div style="text-align: justify; text-indent: 36pt; line-height: 1.25;">After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.</div>
    <div style="line-height: 1.25;"><br style="line-height: 1.25;">
    </div>
    <div style="line-height: 1.25;">
      <table cellspacing="0" cellpadding="0" border="0" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; color: #000000; width: 100%;" id="z9d7ba3a52a0845beb63a33770732b68c">

          <tr>
            <td style="width: 50.00%;">
              <div>&#160;</div>
            </td>
            <td style="width: 50%;">
              <div>
                <div style="text-align: left; line-height: 1.25; font-family: 'Times New Roman',Times,serif;">XT HI-TECH INVESTMENTS (1992) LTD.</div>
                <div style="line-height: 1.25;"><br style="line-height: 1.25;">
                </div>
                <div style="text-align: left; line-height: 1.25; font-family: 'Times New Roman',Times,serif;">By: <u>/s/ </u><u>Assif Stoffman</u></div>
                <div style="text-align: left; line-height: 1.25; font-family: 'Times New Roman',Times,serif;">Name: Assif Stoffman</div>
                <div style="text-align: left; line-height: 1.25; font-family: 'Times New Roman',Times,serif;">Title: Vice President</div>
                <div style="line-height: 1.25;"><br style="line-height: 1.25;">
                </div>
                <div style="text-align: left; line-height: 1.25; font-family: 'Times New Roman',Times,serif;">XT HOLDINGS LTD.</div>
                <div style="line-height: 1.25;"><br style="line-height: 1.25;">
                </div>
                <div style="text-align: left; line-height: 1.25; font-family: 'Times New Roman',Times,serif;">By: <u>/s/ Yossi Rosen</u></div>
                <div style="text-align: left; line-height: 1.25; font-family: 'Times New Roman',Times,serif;">Name: Yossi Rosen</div>
                <div style="text-align: left; line-height: 1.25; font-family: 'Times New Roman',Times,serif;">Title: President</div>
              </div>
            </td>
          </tr>

      </table>
    </div>
    <div style="line-height: 1.25;"><br style="line-height: 1.25;">
    </div>
    <div style="line-height: 1.25;">Dated: November 4, 2020</div>
    <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" id="DSPFPageBreakArea">
      <div style="text-align: center;" id="DSPFPageNumberArea"><font style="color: #000000; font-weight: normal; font-style: normal;" id="DSPFPageNumber">7</font></div>
      <div style="page-break-after: always;" id="DSPFPageBreak">
        <hr noshade="noshade" style="border-width: 0px; clear: both; margin: 4px 0px; width: 100%; height: 2px; color: #000000; background-color: #000000;"></div>
    </div>
    <div style="line-height: 1.25;">
      <div style="text-align: center; line-height: 1.25; font-weight: bold;">EXHIBITS</div>
    </div>
    <div style="line-height: 1.25;">
      <div style="line-height: 1.25;">&#160;</div>
      <div style="line-height: 1.25;"><a href="exhibit_1.htm"><u>Exhibit 1</u>&#160;&#8211; Joint Filing Agreement pursuant to Rule 13d-1(k)(1)</a></div>
    </div>
    <div><br>
    </div>
    <div style="text-align: center;">8<br>
    </div>
    <div>
      <hr align="center" style="border: none; border-bottom: 4px solid black; border-top: 1px solid black; height: 10px; color: #ffffff; background-color: #ffffff; text-align: center; margin-left: auto; margin-right: auto;"></div>
  </div>
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</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99
<SEQUENCE>2
<FILENAME>exhibit_1.htm
<DESCRIPTION>EXHIBIT 1
<TEXT>
<html>
  <head>
    <title></title>
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         Copyright 1995 - 2020 Broadridge -->
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<body bgcolor="#ffffff" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; text-align: left; color: #000000;">
  <div>
    <div style="line-height: 1.25; text-align: right;">
      <hr align="center" style="border: none; border-bottom: 1px solid black; border-top: 4px solid black; height: 10px; color: #ffffff; background-color: #ffffff; text-align: center; margin-left: auto; margin-right: auto;"><u><font style="font-weight: bold;">Exhibit 1</font></u><br style="line-height: 1.25;">
    </div>
    <div style="line-height: 1.25;"><br style="line-height: 1.25;">
    </div>
    <div style="line-height: 1.25;">
      <div style="text-align: center; line-height: 1.25; font-weight: bold;"><u>JOINT FILING AGREEMENT</u></div>
    </div>
    <div style="line-height: 1.25;">
      <div style="line-height: 1.25;">&#160;</div>
    </div>
    <div style="line-height: 1.25;">
      <div style="text-align: justify; text-indent: 36pt; line-height: 1.25;">The undersigned parties hereby agree that this Statement on Schedule 13G filed herewith, and any amendments thereto filed hereafter by any of the undersigned parties, relating to
        the ordinary shares, par value NIS 0.03 per share, of PainReform Ltd., is being (and will be, in the case of amendments hereto) filed jointly with the Securities and Exchange Commission pursuant to Rule 13d-1(k) of the Securities Exchange Act of
        1934, as amended, on behalf of each such person.</div>
    </div>
    <div style="line-height: 1.25;">
      <div style="line-height: 1.25;">&#160;</div>
      <div style="line-height: 1.25;">
        <div style="line-height: 1.25;">
          <table cellspacing="0" cellpadding="0" border="0" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; color: #000000; width: 100%;">

              <tr>
                <td style="width: 50.00%;">
                  <div>&#160;</div>
                </td>
                <td style="width: 50%;">
                  <div>
                    <div style="text-align: left; line-height: 1.25; font-family: 'Times New Roman',Times,serif;">XT HI-TECH INVESTMENTS (1992) LTD.</div>
                    <div style="line-height: 1.25;"><br style="line-height: 1.25;">
                    </div>
                    <div style="text-align: left; line-height: 1.25; font-family: 'Times New Roman',Times,serif;">By: <u>/s/ </u><u>Assif Stoffman</u></div>
                    <div style="text-align: left; line-height: 1.25; font-family: 'Times New Roman',Times,serif;">Name: Assif Stoffman</div>
                    <div style="text-align: left; line-height: 1.25; font-family: 'Times New Roman',Times,serif;">Title: Vice President</div>
                    <div style="line-height: 1.25;"><br style="line-height: 1.25;">
                    </div>
                    <div style="text-align: left; line-height: 1.25; font-family: 'Times New Roman',Times,serif;">XT HOLDINGS LTD.</div>
                    <div style="line-height: 1.25;"><br style="line-height: 1.25;">
                    </div>
                    <div style="text-align: left; line-height: 1.25; font-family: 'Times New Roman',Times,serif;">By: <u>/s/ Yossi Rosen</u></div>
                    <div style="text-align: left; line-height: 1.25; font-family: 'Times New Roman',Times,serif;">Name: Yossi Rosen</div>
                    <div style="text-align: left; line-height: 1.25; font-family: 'Times New Roman',Times,serif;">Title: President</div>
                  </div>
                </td>
              </tr>

          </table>
        </div>
        <div style="line-height: 1.25;"><br style="line-height: 1.25;">
        </div>
      </div>
    </div>
    <div style="line-height: 1.25;">Dated: November 4, 2020</div>
    <div style="line-height: 1.25;"> <br>
    </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>
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</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
