<SEC-DOCUMENT>0001178913-24-002216.txt : 20240716
<SEC-HEADER>0001178913-24-002216.hdr.sgml : 20240716
<ACCEPTANCE-DATETIME>20240716132935
ACCESSION NUMBER:		0001178913-24-002216
CONFORMED SUBMISSION TYPE:	SC 13G
PUBLIC DOCUMENT COUNT:		3
FILED AS OF DATE:		20240716
DATE AS OF CHANGE:		20240716
GROUP MEMBERS:		IDO NOUBERGER
GROUP MEMBERS:		VALUE BASE FUND GENERAL PARTNER LTD., ACTING AS THE GENERAL
GROUP MEMBERS:		VICTOR SHAMRICH

SUBJECT COMPANY:	

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			AUDIOCODES LTD
		CENTRAL INDEX KEY:			0001086434
		STANDARD INDUSTRIAL CLASSIFICATION:	TELEPHONE & TELEGRAPH APPARATUS [3661]
		ORGANIZATION NAME:           	04 Manufacturing
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			L3
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		SC 13G
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	005-59711
		FILM NUMBER:		241119268

	BUSINESS ADDRESS:	
		STREET 1:		6 OFRA HAZA STREET
		CITY:			OR YEHUDA
		STATE:			L3
		ZIP:			70151
		BUSINESS PHONE:		97239764000

	MAIL ADDRESS:	
		STREET 1:		PO BOX 255
		CITY:			BEN GURION AIRPORT
		STATE:			L3
		ZIP:			70100

FILED BY:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Value Base Ltd.
		CENTRAL INDEX KEY:			0001992355
		ORGANIZATION NAME:           	
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			L3
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		SC 13G

	BUSINESS ADDRESS:	
		STREET 1:		23 YEHUDA HALEVI ST.
		STREET 2:		27TH FLOOR, DISCOUNT BANK TOWER
		CITY:			TEL AVIV
		STATE:			L3
		ZIP:			6513601
		BUSINESS PHONE:		972-3-622-3381

	MAIL ADDRESS:	
		STREET 1:		23 YEHUDA HALEVI ST.
		STREET 2:		27TH FLOOR, DISCOUNT BANK TOWER
		CITY:			TEL AVIV
		STATE:			L3
		ZIP:			6513601
</SEC-HEADER>
<DOCUMENT>
<TYPE>SC 13G
<SEQUENCE>1
<FILENAME>zk2431677.htm
<DESCRIPTION>SC 13G
<TEXT>
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      <div style="text-align: center; line-height: 1.25; font-weight: bold;">UNITED STATES<br>
        <font style="font-size: 14pt;">SECURITIES AND EXCHANGE COMMISSION</font><br>
        Washington, D.C. 20549</div>
      <div style="line-height: 1.25">&#160;</div>
      <div style="text-align: center; line-height: 1.25; font-family: 'Times New Roman',Times,serif; font-size: 14pt; font-weight: bold;">SCHEDULE 13G</div>
      <div style="line-height: 1.25">&#160;</div>
      <div style="text-align: center; line-height: 1.25; font-weight: bold;">Under the Securities Exchange Act of 1934</div>
      <div style="line-height: 1.25">&#160;</div>
      <div style="text-align: center; line-height: 1.25;"><font style="font-weight: bold;">(Amendment No. )*<br>
          </font><br style="line-height: 1.25;">
      </div>
      <div style="line-height: 1.25;">
        <div style="text-align: center; line-height: 1.25;"><font style="font-size: 16pt; font-weight: bold;">AudioCodes Ltd.</font>
          <hr noshade="noshade" align="center" style="height: 2px; color: #000000; background-color: #000000; margin-left: auto; margin-right: auto; border: none;"></div>
      </div>
      <div style="text-align: center; line-height: 1.25;">(Name of Issuer)</div>
      <div style="line-height: 1.25">&#160;</div>
      <div style="line-height: 1.25;">
        <div style="text-align: center; line-height: 1.25;">Ordinary Shares, nominal value NIS 0.01 per share
          <hr noshade="noshade" align="center" style="height: 2px; color: #000000; background-color: #000000; margin-left: auto; margin-right: auto; border: none;"></div>
      </div>
      <div style="text-align: center; line-height: 1.25;">(Title of Class of Securities)</div>
      <div style="line-height: 1.25">&#160;</div>
      <div style="line-height: 1.25;">
        <div style="text-align: center; line-height: 1.25;">M15342104
          <hr noshade="noshade" align="center" style="height: 2px; color: #000000; background-color: #000000; margin-left: auto; margin-right: auto; border: none;"></div>
      </div>
      <div style="text-align: center; line-height: 1.25;">(CUSIP Number)</div>
      <div style="line-height: 1.25">&#160;</div>
      <div style="line-height: 1.25;">
        <div style="text-align: center; line-height: 1.25;">July 15, 2024
          <hr noshade="noshade" align="center" style="height: 2px; color: #000000; background-color: #000000; margin-left: auto; margin-right: auto; border: none;"></div>
      </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="line-height: 1.25;">Check the appropriate box to designate the rule pursuant to which this Schedule is filed:<br>
        &#9744; Rule 13d-1(b)<br>
        &#9746; Rule 13d-1(c)<br>
        &#9744; Rule 13d-1(d)</div>
      <div style="line-height: 1.25">&#160;</div>
      <div style="line-height: 1.25;"><sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">*</sup> The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to
        the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page.</div>
      <div style="line-height: 1.25">&#160;</div>
      <div style="line-height: 1.25;">The information required on the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the
        Securities Exchange Act of 1934 ("Act") 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 the Notes).</div>
      <div style="line-height: 1.25">&#160;</div>
      <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" class="BRPFPageBreakArea">
        <div style="page-break-after: always;" class="BRPFPageBreak">
          <hr noshade="noshade" style="border-width: 0px; clear: both; margin: 4px 0px; width: 100%; height: 2px; color: #000000; background-color: #000000;"></div>
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      <table cellspacing="0" cellpadding="0" border="0" id="z0545ed69cfda46b3a213b311e54dbbe1" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

          <tr>
            <td style="width: 33%; vertical-align: bottom;">CUSIP No. M15342104</td>
            <td style="width: 33%; vertical-align: bottom; text-align: center;"><font style="font-family: 'Times New Roman',Times,serif;">Schedule 13G</font></td>
            <td style="width: 33%; vertical-align: top; text-align: right;"><font style="font-family: 'Times New Roman',Times,serif;">Page 2 of 9</font></td>
          </tr>

      </table>
      <div><br>
      </div>
      <div>
        <table cellspacing="0" cellpadding="3" border="0" id="z9ac38e99d3fb46e0889ab991719ed432" style="font-family: 'Times New Roman',Times,serif; font-size: 10pt; width: 100%; text-align: left; color: rgb(0, 0, 0);">

            <tr>
              <td style="width: 6%; vertical-align: top; text-align: center; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0);">
                <div style="line-height: 1.25;">1.</div>
              </td>
              <td style="width: 94%; vertical-align: top; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0);">
                <div style="line-height: 1.25; font-family: 'Times New Roman', Times, serif;">NAME OF REPORTING PERSON<br>
                  <br>
                  Value Base Ltd.</div>
              </td>
            </tr>
            <tr>
              <td style="width: 6%; vertical-align: top; text-align: center; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0);">
                <div style="line-height: 1.25;">2.</div>
              </td>
              <td style="width: 94%; vertical-align: top; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0);">
                <div style="line-height: 1.25; font-family: 'Times New Roman', Times, serif;">CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP<br>
                  (see instructions)<br>
                  (a)&#160;&#160;&#160; &#9744;<br>
                  (b)&#160;&#160;&#160;&#160;&#9746;</div>
              </td>
            </tr>
            <tr>
              <td style="width: 6%; vertical-align: top; text-align: center; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">
                <div style="line-height: 1.25;">3.</div>
              </td>
              <td style="width: 94%; vertical-align: top; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">
                <div style="line-height: 1.25; font-family: 'Times New Roman', Times, serif;">SEC USE ONLY<br>
                  &#160;</div>
                <div style="line-height: 1.25; font-family: 'Times New Roman', Times, serif;"> <br>
                </div>
              </td>
            </tr>
            <tr>
              <td style="width: 6%; vertical-align: top; text-align: center; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0);">
                <div style="line-height: 1.25;">4.</div>
              </td>
              <td style="width: 94%; vertical-align: top; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0);">
                <div style="line-height: 1.25; font-family: 'Times New Roman', Times, serif;">CITIZENSHIP OR PLACE OF ORGANIZATION<br>
                  &#160;<br>
                  Israel</div>
              </td>
            </tr>

        </table>
        <table cellspacing="0" cellpadding="3" border="0" style="font-family: 'Times New Roman',Times,serif; font-size: 10pt; width: 100%; text-align: left; color: rgb(0, 0, 0);">

            <tr>
              <td style="width: 12%; vertical-align: middle; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0);" rowspan="4">
                <div style="text-align: center; line-height: 1.25; font-family: 'Times New Roman', Times, serif;">NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH</div>
              </td>
              <td style="width: 6%; vertical-align: top; text-align: center; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0);">
                <div style="line-height: 1.25;">5.</div>
              </td>
              <td style="width: 82%; vertical-align: top; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0);">
                <div style="line-height: 1.25; font-family: 'Times New Roman', Times, serif;">SOLE VOTING POWER<br>
                  &#160;<br>
                  0</div>
              </td>
            </tr>
            <tr>
              <td style="width: 6%; vertical-align: top; text-align: center; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0);">
                <div style="line-height: 1.25;">6.</div>
              </td>
              <td style="width: 82%; vertical-align: top; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0);">
                <div style="line-height: 1.25; font-family: 'Times New Roman', Times, serif;">SHARED VOTING POWER<br>
                  &#160;<br>
                  1,971,346&#160;(*)</div>
              </td>
            </tr>
            <tr>
              <td style="width: 6%; vertical-align: top; text-align: center; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0);">
                <div style="line-height: 1.25;">7.</div>
              </td>
              <td style="width: 82%; vertical-align: top; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0);">
                <div style="line-height: 1.25; font-family: 'Times New Roman', Times, serif;">SOLE DISPOSITIVE POWER<br>
                  &#160;<br>
                  0</div>
              </td>
            </tr>
            <tr>
              <td style="width: 6%; vertical-align: top; text-align: center; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0);">
                <div style="line-height: 1.25;">8.</div>
              </td>
              <td style="width: 82%; vertical-align: top; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0);">
                <div style="line-height: 1.25; font-family: 'Times New Roman', Times, serif;">SHARED DISPOSITIVE POWER<br>
                  &#160;<br>
                  1,971,346&#160;(*)</div>
              </td>
            </tr>

        </table>
        <table cellspacing="0" cellpadding="3" border="0" style="font-family: 'Times New Roman',Times,serif; font-size: 10pt; width: 100%; text-align: left; color: rgb(0, 0, 0);">

            <tr>
              <td style="width: 6%; vertical-align: top; text-align: center; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0);">
                <div style="line-height: 1.25;">9.</div>
              </td>
              <td style="width: 94%; vertical-align: top; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0);">
                <div style="line-height: 1.25; font-family: 'Times New Roman', Times, serif;">AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON<br>
                  <br>
                  1,971,346&#160;(*)</div>
              </td>
            </tr>
            <tr>
              <td style="width: 6%; vertical-align: top; text-align: center; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0);">
                <div style="line-height: 1.25;">10.</div>
              </td>
              <td style="width: 94%; vertical-align: top; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0);">
                <div style="line-height: 1.25; font-family: 'Times New Roman', Times, serif;">CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES<br>
                  (see instructions)&#160;&#160;&#160;&#160;</div>
                <div style="line-height: 1.25; font-family: 'Times New Roman', Times, serif;"> &#9744;</div>
              </td>
            </tr>
            <tr>
              <td style="width: 6%; vertical-align: top; text-align: center; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0);">
                <div style="line-height: 1.25;">11.</div>
              </td>
              <td style="width: 94%; vertical-align: top; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0);">
                <div style="line-height: 1.25; font-family: 'Times New Roman', Times, serif;">PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)<br>
                  <br>
                  6.50% (*) (**)</div>
              </td>
            </tr>
            <tr>
              <td style="width: 6%; vertical-align: top; text-align: center; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0); border-bottom: 2px solid rgb(0, 0, 0);">
                <div style="line-height: 1.25;">12.</div>
              </td>
              <td style="width: 94%; vertical-align: top; border-width: 2px; border-style: solid; border-color: rgb(0, 0, 0);">
                <div style="line-height: 1.25; font-family: 'Times New Roman', Times, serif;">TYPE OF REPORTING PERSON (see instructions)<br>
                  <br>
                  CO</div>
              </td>
            </tr>

        </table>
        <div style="line-height: 1.25;"><br style="line-height: 1.25;">
        </div>
      </div>
      <div style="line-height: 1.25;">(*) The beneficial ownership of the securities reported herein is described in Item 4(a).</div>
      <div style="line-height: 1.25;"><br style="line-height: 1.25;">
      </div>
      <div style="text-align: justify; line-height: 1.25;">(**) Based on 30,324,284 Ordinary Shares outstanding as of March 20, 2024 (as reported in the Issuer&#8217;s Annual Report on Form 20-F
        filed with the Securities and Exchange Commission (&#8220;<u>SEC</u>&#8221;) on March 27, 2024).</div>
      <div style="line-height: 1.25;">
        <div style="line-height: 1.25">&#160;</div>
        <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" class="BRPFPageBreakArea">
          <div style="page-break-after: always;" class="BRPFPageBreak">
            <hr noshade="noshade" style="border-width: 0px; clear: both; margin: 4px 0px; width: 100%; height: 2px; color: #000000; background-color: #000000;"></div>
        </div>
        <div style="line-height: 1.25">
          <table cellspacing="0" cellpadding="0" border="0" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

              <tr>
                <td style="width: 33%; vertical-align: bottom;">CUSIP No. M15342104</td>
                <td style="width: 33%; vertical-align: bottom; text-align: center;"><font style="font-family: 'Times New Roman',Times,serif;">Schedule 13G</font></td>
                <td style="width: 33%; vertical-align: top; text-align: right;"><font style="font-family: 'Times New Roman',Times,serif;">Page 3 of 9</font></td>
              </tr>

          </table>
        </div>
        <div style="line-height: 1.25;"><br style="line-height: 1.25;">
        </div>
      </div>
      <table cellspacing="0" cellpadding="3" border="0" id="zbda2b721f2dc4dd993d6d7d141d9d7bc" style="font-family: 'Times New Roman',Times,serif; font-size: 10pt; width: 100%; text-align: left; color: rgb(0, 0, 0);">

          <tr>
            <td style="width: 6%; vertical-align: top; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0); text-align: center;">
              <div style="line-height: 1.25;">1.</div>
            </td>
            <td style="width: 94%; vertical-align: top; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0);">
              <div style="line-height: 1.25; font-family: 'Times New Roman', Times, serif;">NAMES OF REPORTING PERSON<br>
                <br>
                Victor Shamrich</div>
            </td>
          </tr>
          <tr>
            <td style="width: 6%; vertical-align: top; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0); text-align: center;">
              <div style="line-height: 1.25;">2.</div>
            </td>
            <td style="width: 94%; vertical-align: top; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0);">
              <div style="line-height: 1.25; font-family: 'Times New Roman', Times, serif;">CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP<br>
                (see instructions)<br>
                (a)&#160;&#160;&#160; &#9744;<br>
                (b)&#160;&#160;&#160;&#160;&#9746;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 6%; vertical-align: top; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255); text-align: center;">
              <div style="line-height: 1.25;">3.</div>
            </td>
            <td style="width: 94%; vertical-align: top; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">
              <div style="line-height: 1.25; font-family: 'Times New Roman', Times, serif;">SEC USE ONLY<br>
                &#160;</div>
              <div style="line-height: 1.25; font-family: 'Times New Roman', Times, serif;"> <br>
              </div>
            </td>
          </tr>
          <tr>
            <td style="width: 6%; vertical-align: top; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0); text-align: center;">
              <div style="line-height: 1.25;">4.</div>
            </td>
            <td style="width: 94%; vertical-align: top; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0);">
              <div style="line-height: 1.25; font-family: 'Times New Roman', Times, serif;">CITIZENSHIP OR PLACE OF ORGANIZATION<br>
                &#160;<br>
                Israel</div>
            </td>
          </tr>

      </table>
      <table cellspacing="0" cellpadding="3" border="0" style="font-family: 'Times New Roman',Times,serif; font-size: 10pt; width: 100%; text-align: left; color: rgb(0, 0, 0);">

          <tr>
            <td style="width: 12%; vertical-align: middle; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0);" rowspan="4">
              <div style="text-align: center; line-height: 1.25; font-family: 'Times New Roman', Times, serif;">NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH</div>
            </td>
            <td style="width: 6%; vertical-align: top; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0); text-align: center;">
              <div style="line-height: 1.25;">5.</div>
            </td>
            <td style="width: 82%; vertical-align: top; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0);">
              <div style="line-height: 1.25; font-family: 'Times New Roman', Times, serif;">SOLE VOTING POWER<br>
                &#160;<br>
                0</div>
            </td>
          </tr>
          <tr>
            <td style="width: 6%; vertical-align: top; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0); text-align: center;">
              <div style="line-height: 1.25;">6.</div>
            </td>
            <td style="width: 82%; vertical-align: top; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0);">
              <div style="line-height: 1.25; font-family: 'Times New Roman', Times, serif;">SHARED VOTING POWER<br>
                &#160;<br>
                1,971,346&#160;(*)</div>
            </td>
          </tr>
          <tr>
            <td style="width: 6%; vertical-align: top; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0); text-align: center;">
              <div style="line-height: 1.25;">7.</div>
            </td>
            <td style="width: 82%; vertical-align: top; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0);">
              <div style="line-height: 1.25; font-family: 'Times New Roman', Times, serif;">SOLE DISPOSITIVE POWER<br>
                &#160;<br>
                0</div>
            </td>
          </tr>
          <tr>
            <td style="width: 6%; vertical-align: top; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0); text-align: center;">
              <div style="line-height: 1.25;">8.</div>
            </td>
            <td style="width: 82%; vertical-align: top; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0);">
              <div style="line-height: 1.25; font-family: 'Times New Roman', Times, serif;">SHARED DISPOSITIVE POWER<br>
                &#160;<br>
                1,971,346&#160;(*)</div>
            </td>
          </tr>

      </table>
      <table cellspacing="0" cellpadding="3" border="0" style="font-family: 'Times New Roman',Times,serif; font-size: 10pt; width: 100%; text-align: left; color: rgb(0, 0, 0);">

          <tr>
            <td style="width: 6%; vertical-align: top; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0); text-align: center;">
              <div style="line-height: 1.25;">9.</div>
            </td>
            <td style="width: 94%; vertical-align: top; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0);">
              <div style="line-height: 1.25; font-family: 'Times New Roman', Times, serif;">AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON<br>
                <br>
                1,971,346&#160;(*)</div>
            </td>
          </tr>
          <tr>
            <td style="width: 6%; vertical-align: top; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0); text-align: center;">
              <div style="line-height: 1.25;">10.</div>
            </td>
            <td style="width: 94%; vertical-align: top; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0);">
              <div style="line-height: 1.25; font-family: 'Times New Roman', Times, serif;">CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES<br>
                (see instructions)&#160;&#160;&#160;&#160;</div>
              <div style="line-height: 1.25; font-family: 'Times New Roman', Times, serif;"> &#9744;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 6%; vertical-align: top; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0); text-align: center;">
              <div style="line-height: 1.25;">11.</div>
            </td>
            <td style="width: 94%; vertical-align: top; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0);">
              <div style="line-height: 1.25; font-family: 'Times New Roman', Times, serif;">PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)<br>
                <br>
                6.50% (*) (**)</div>
            </td>
          </tr>
          <tr>
            <td style="width: 6%; 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); text-align: center;">
              <div style="line-height: 1.25;">12.</div>
            </td>
            <td style="width: 94%; vertical-align: top; border-width: 2px; border-style: solid; border-color: rgb(0, 0, 0);">
              <div style="line-height: 1.25; font-family: 'Times New Roman', Times, serif;">TYPE OF REPORTING PERSON (see instructions)<br>
                <br>
                IN</div>
            </td>
          </tr>

      </table>
      <div> <br>
      </div>
      <div style="line-height: 1.25;">(*) The beneficial ownership of the securities reported herein is described in Item 4(a).</div>
      <div style="line-height: 1.25;"><br style="line-height: 1.25;">
      </div>
      <div style="text-align: justify; line-height: 1.25;">(**) Based on 30,324,284 Ordinary Shares outstanding as of March 20, 2024 (as reported in the Issuer&#8217;s Annual Report on Form 20-F
        filed with the SEC on March 27, 2024).</div>
      <div style="line-height: 1.25;">
        <div style="line-height: 1.25">&#160;</div>
        <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" class="BRPFPageBreakArea">
          <div style="page-break-after: always;" class="BRPFPageBreak">
            <hr noshade="noshade" style="border-width: 0px; clear: both; margin: 4px 0px; width: 100%; height: 2px; color: #000000; background-color: #000000;"></div>
        </div>
        <div style="line-height: 1.25">
          <table cellspacing="0" cellpadding="0" border="0" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

              <tr>
                <td style="width: 33%; vertical-align: bottom;">CUSIP No. M15342104</td>
                <td style="width: 33%; vertical-align: bottom; text-align: center;"><font style="font-family: 'Times New Roman',Times,serif;">Schedule 13G</font></td>
                <td style="width: 33%; vertical-align: top; text-align: right;"><font style="font-family: 'Times New Roman',Times,serif;">Page 4 of 9</font></td>
              </tr>

          </table>
        </div>
        <div style="line-height: 1.25;"><br style="line-height: 1.25;">
        </div>
      </div>
      <table cellspacing="0" cellpadding="3" border="0" id="zbf0c64860b844d9caba59b212a9c07fc" style="font-family: 'Times New Roman',Times,serif; font-size: 10pt; width: 100%; text-align: left; color: rgb(0, 0, 0);">

          <tr>
            <td style="width: 6%; vertical-align: top; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0); text-align: center;">
              <div style="line-height: 1.25;">1.</div>
            </td>
            <td style="width: 94%; vertical-align: top; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0);">
              <div style="line-height: 1.25; font-family: 'Times New Roman', Times, serif;">NAMES OF REPORTING PERSON<br>
                <br>
                Ido Nouberger</div>
            </td>
          </tr>
          <tr>
            <td style="width: 6%; vertical-align: top; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0); text-align: center;">
              <div style="line-height: 1.25;">2.</div>
            </td>
            <td style="width: 94%; vertical-align: top; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0);">
              <div style="line-height: 1.25; font-family: 'Times New Roman', Times, serif;">CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP<br>
                (see instructions)<br>
                (a)&#160;&#160;&#160; &#9744;<br>
                (b)&#160;&#160;&#160;&#160;&#9746;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 6%; vertical-align: top; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0); text-align: center; background-color: rgb(204, 238, 255);">
              <div style="line-height: 1.25;">3.</div>
            </td>
            <td style="width: 94%; vertical-align: top; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">
              <div style="line-height: 1.25; font-family: 'Times New Roman', Times, serif;">SEC USE ONLY<br>
                &#160;</div>
              <div style="line-height: 1.25; font-family: 'Times New Roman', Times, serif;"> <br>
              </div>
            </td>
          </tr>
          <tr>
            <td style="width: 6%; vertical-align: top; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0); text-align: center;">
              <div style="line-height: 1.25;">4.</div>
            </td>
            <td style="width: 94%; vertical-align: top; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0);">
              <div style="line-height: 1.25; font-family: 'Times New Roman', Times, serif;">CITIZENSHIP OR PLACE OF ORGANIZATION<br>
                &#160;<br>
                Israel</div>
            </td>
          </tr>

      </table>
      <table cellspacing="0" cellpadding="3" border="0" style="font-family: 'Times New Roman',Times,serif; font-size: 10pt; width: 100%; text-align: left; color: rgb(0, 0, 0);">

          <tr>
            <td style="width: 12%; vertical-align: middle; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0);" rowspan="4">
              <div style="text-align: center; line-height: 1.25; font-family: 'Times New Roman', Times, serif;">NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH</div>
            </td>
            <td style="width: 6%; vertical-align: top; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0); text-align: center;">
              <div style="line-height: 1.25;">5.</div>
            </td>
            <td style="width: 82%; vertical-align: top; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0);">
              <div style="line-height: 1.25; font-family: 'Times New Roman', Times, serif;">SOLE VOTING POWER<br>
                &#160;<br>
                0</div>
            </td>
          </tr>
          <tr>
            <td style="width: 6%; vertical-align: top; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0); text-align: center;">
              <div style="line-height: 1.25;">6.</div>
            </td>
            <td style="width: 82%; vertical-align: top; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0);">
              <div style="line-height: 1.25; font-family: 'Times New Roman', Times, serif;">SHARED VOTING POWER<br>
                &#160;<br>
                1,971,346&#160;(*)</div>
            </td>
          </tr>
          <tr>
            <td style="width: 6%; vertical-align: top; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0); text-align: center;">
              <div style="line-height: 1.25;">7.</div>
            </td>
            <td style="width: 82%; vertical-align: top; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0);">
              <div style="line-height: 1.25; font-family: 'Times New Roman', Times, serif;">SOLE DISPOSITIVE POWER<br>
                &#160;<br>
                0</div>
            </td>
          </tr>
          <tr>
            <td style="width: 6%; vertical-align: top; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0); text-align: center;">
              <div style="line-height: 1.25;">8.</div>
            </td>
            <td style="width: 82%; vertical-align: top; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0);">
              <div style="line-height: 1.25; font-family: 'Times New Roman', Times, serif;">SHARED DISPOSITIVE POWER<br>
                &#160;<br>
                1,971,346&#160;(*)</div>
            </td>
          </tr>

      </table>
      <table cellspacing="0" cellpadding="3" border="0" style="font-family: 'Times New Roman',Times,serif; font-size: 10pt; width: 100%; text-align: left; color: rgb(0, 0, 0);">

          <tr>
            <td style="width: 6%; vertical-align: top; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0); text-align: center;">
              <div style="line-height: 1.25;">9.</div>
            </td>
            <td style="width: 94%; vertical-align: top; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0);">
              <div style="line-height: 1.25; font-family: 'Times New Roman', Times, serif;">AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON<br>
                <br>
                1,971,346&#160;(*)</div>
            </td>
          </tr>
          <tr>
            <td style="width: 6%; vertical-align: top; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0); text-align: center;">
              <div style="line-height: 1.25;">10.</div>
            </td>
            <td style="width: 94%; vertical-align: top; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0);">
              <div style="line-height: 1.25; font-family: 'Times New Roman', Times, serif;">CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES<br>
                (see instructions)&#160;&#160;&#160;&#160;</div>
              <div style="line-height: 1.25; font-family: 'Times New Roman', Times, serif;"> &#9744;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 6%; vertical-align: top; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0); text-align: center;">
              <div style="line-height: 1.25;">11.</div>
            </td>
            <td style="width: 94%; vertical-align: top; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0);">
              <div style="line-height: 1.25; font-family: 'Times New Roman', Times, serif;">PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)<br>
                <br>
                6.50% (*) (**)</div>
            </td>
          </tr>
          <tr>
            <td style="width: 6%; 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); text-align: center;">
              <div style="line-height: 1.25;">12.</div>
            </td>
            <td style="width: 94%; vertical-align: top; border-width: 2px; border-style: solid; border-color: rgb(0, 0, 0);">
              <div style="line-height: 1.25; font-family: 'Times New Roman', Times, serif;">TYPE OF REPORTING PERSON (see instructions)<br>
                <br>
                IN</div>
            </td>
          </tr>

      </table>
      <div style="line-height: 1.25;"><br style="line-height: 1.25;">
      </div>
      <div style="line-height: 1.25;">(*) The beneficial ownership of the securities reported herein is described in Item 4(a).</div>
      <div style="line-height: 1.25;"><br style="line-height: 1.25;">
      </div>
      <div style="text-align: justify; line-height: 1.25;">(**) Based on 30,324,284 Ordinary Shares outstanding as of March 20, 2024 (as reported in the Issuer&#8217;s Annual Report on Form 20-F
        filed with the SEC on March 27, 2024).</div>
      <div style="text-align: justify; line-height: 1.25;"> <br>
      </div>
      <div style="line-height: 1.25;">
        <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" class="BRPFPageBreakArea">
          <div style="page-break-after: always;" class="BRPFPageBreak">
            <hr noshade="noshade" style="border-width: 0px; clear: both; margin: 4px 0px; width: 100%; height: 2px; color: #000000; background-color: #000000;"></div>
        </div>
        <div style="line-height: 1.25">
          <div style="line-height: 1.25">
            <table cellspacing="0" cellpadding="0" border="0" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

                <tr>
                  <td style="width: 33%; vertical-align: bottom;">CUSIP No. M15342104</td>
                  <td style="width: 33%; vertical-align: bottom; text-align: center;"><font style="font-family: 'Times New Roman',Times,serif;">Schedule 13G</font></td>
                  <td style="width: 33%; vertical-align: top; text-align: right;"><font style="font-family: 'Times New Roman',Times,serif;">Page 5 of 9</font></td>
                </tr>

            </table>
          </div>
          <div style="line-height: 1.25;"><br style="line-height: 1.25;">
          </div>
        </div>
      </div>
      <table cellspacing="0" cellpadding="3" border="0" id="z46d29f3254024029ac39508ef8eb0d2f" style="font-family: 'Times New Roman',Times,serif; font-size: 10pt; width: 100%; text-align: left; color: rgb(0, 0, 0);">

          <tr>
            <td style="width: 6%; vertical-align: top; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0); text-align: center;">
              <div style="line-height: 1.25;">1.</div>
            </td>
            <td style="width: 94%; vertical-align: top; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0);">
              <div style="line-height: 1.25; font-family: 'Times New Roman', Times, serif;">NAMES OF REPORTING PERSON<br>
                <br>
                Value Base Fund General Partner Ltd., acting as the general partner to<font style="font-weight: bold;">&#160;</font>Value Base Fund Limited Partnership</div>
            </td>
          </tr>
          <tr>
            <td style="width: 6%; vertical-align: top; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0); text-align: center;">
              <div style="line-height: 1.25;">2.</div>
            </td>
            <td style="width: 94%; vertical-align: top; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0);">
              <div style="line-height: 1.25; font-family: 'Times New Roman', Times, serif;">CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP<br>
                (see instructions)<br>
                (a)&#160;&#160;&#160; &#9744;<br>
                (b)&#160;&#160;&#160;&#160;&#9746;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 6%; vertical-align: top; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0); text-align: center; background-color: rgb(204, 238, 255);">
              <div style="line-height: 1.25;">3.</div>
            </td>
            <td style="width: 94%; vertical-align: top; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">
              <div style="line-height: 1.25; font-family: 'Times New Roman', Times, serif;">SEC USE ONLY<br>
                &#160;</div>
              <div style="line-height: 1.25; font-family: 'Times New Roman', Times, serif;"> <br>
              </div>
            </td>
          </tr>
          <tr>
            <td style="width: 6%; vertical-align: top; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0); text-align: center;">
              <div style="line-height: 1.25;">4.</div>
            </td>
            <td style="width: 94%; vertical-align: top; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0);">
              <div style="line-height: 1.25; font-family: 'Times New Roman', Times, serif;">CITIZENSHIP OR PLACE OF ORGANIZATION<br>
                &#160;<br>
                Israel</div>
            </td>
          </tr>

      </table>
      <table cellspacing="0" cellpadding="3" border="0" style="font-family: 'Times New Roman',Times,serif; font-size: 10pt; width: 100%; text-align: left; color: rgb(0, 0, 0);">

          <tr>
            <td style="width: 12%; vertical-align: middle; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0);" rowspan="4">
              <div style="text-align: center; line-height: 1.25; font-family: 'Times New Roman', Times, serif;">NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH</div>
            </td>
            <td style="width: 6%; vertical-align: top; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0); text-align: center;">
              <div style="line-height: 1.25;">5.</div>
            </td>
            <td style="width: 82%; vertical-align: top; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0);">
              <div style="line-height: 1.25; font-family: 'Times New Roman', Times, serif;">SOLE VOTING POWER<br>
                &#160;<br>
                0</div>
            </td>
          </tr>
          <tr>
            <td style="width: 6%; vertical-align: top; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0); text-align: center;">
              <div style="line-height: 1.25;">6.</div>
            </td>
            <td style="width: 82%; vertical-align: top; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0);">
              <div style="line-height: 1.25; font-family: 'Times New Roman', Times, serif;">SHARED VOTING POWER<br>
                &#160;<br>
                1,971,346&#160;(*)</div>
            </td>
          </tr>
          <tr>
            <td style="width: 6%; vertical-align: top; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0); text-align: center;">
              <div style="line-height: 1.25;">7.</div>
            </td>
            <td style="width: 82%; vertical-align: top; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0);">
              <div style="line-height: 1.25; font-family: 'Times New Roman', Times, serif;">SOLE DISPOSITIVE POWER<br>
                &#160;<br>
                0</div>
            </td>
          </tr>
          <tr>
            <td style="width: 6%; vertical-align: top; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0); text-align: center;">
              <div style="line-height: 1.25;">8.</div>
            </td>
            <td style="width: 82%; vertical-align: top; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0);">
              <div style="line-height: 1.25; font-family: 'Times New Roman', Times, serif;">SHARED DISPOSITIVE POWER<br>
                &#160;<br>
                1,971,346&#160;(*)</div>
            </td>
          </tr>

      </table>
      <table cellspacing="0" cellpadding="3" border="0" style="font-family: 'Times New Roman',Times,serif; font-size: 10pt; width: 100%; text-align: left; color: rgb(0, 0, 0);">

          <tr>
            <td style="width: 6%; vertical-align: top; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0); text-align: center;">
              <div style="line-height: 1.25;">9.</div>
            </td>
            <td style="width: 94%; vertical-align: top; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0);">
              <div style="line-height: 1.25; font-family: 'Times New Roman', Times, serif;">AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON<br>
                <br>
                1,971,346&#160;(*)</div>
            </td>
          </tr>
          <tr>
            <td style="width: 6%; vertical-align: top; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0); text-align: center;">
              <div style="line-height: 1.25;">10.</div>
            </td>
            <td style="width: 94%; vertical-align: top; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0);">
              <div style="line-height: 1.25; font-family: 'Times New Roman', Times, serif;">CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES<br>
                (see instructions)&#160;&#160;&#160;&#160;</div>
              <div style="line-height: 1.25; font-family: 'Times New Roman', Times, serif;"> &#9744;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 6%; vertical-align: top; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0); text-align: center;">
              <div style="line-height: 1.25;">11.</div>
            </td>
            <td style="width: 94%; vertical-align: top; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0);">
              <div style="line-height: 1.25; font-family: 'Times New Roman', Times, serif;">PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)<br>
                <br>
                6.50% (*) (**)</div>
            </td>
          </tr>
          <tr>
            <td style="width: 6%; 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); text-align: center;">
              <div style="line-height: 1.25;">12.</div>
            </td>
            <td style="width: 94%; vertical-align: top; border-width: 2px; border-style: solid; border-color: rgb(0, 0, 0);">
              <div style="line-height: 1.25; font-family: 'Times New Roman', Times, serif;">TYPE OF REPORTING PERSON (see instructions)<br>
                <br>
                PN</div>
            </td>
          </tr>

      </table>
      <div style="line-height: 1.25;"><br style="line-height: 1.25;">
      </div>
      <div style="line-height: 1.25;">(*) The beneficial ownership of the securities reported herein is described in Item 4(a).</div>
      <div style="line-height: 1.25;"><br style="line-height: 1.25;">
      </div>
      <div style="text-align: justify; line-height: 1.25;">(**) Based on 30,324,284 Ordinary Shares outstanding as of March 20, 2024 (as reported in the Issuer&#8217;s Annual Report on Form 20-F
        filed with the SEC on March 27, 2024).</div>
      <div style="text-align: justify; line-height: 1.25;"> <br>
      </div>
      <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" class="BRPFPageBreakArea">
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          <hr noshade="noshade" style="border-width: 0px; clear: both; margin: 4px 0px; width: 100%; height: 2px; color: #000000; background-color: #000000;"></div>
      </div>
      <!--PROfilePageNumberReset%Num%6%%%-->
      <div style="line-height: 1.25; font-weight: bold;">Item 1.</div>
      <div style="line-height: 1.25;"><br style="line-height: 1.25;">
      </div>
      <table cellspacing="0" cellpadding="0" id="z1a80157ecb0d4977b69bb5804c276236" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

          <tr>
            <td style="width: 4.01%; vertical-align: top;">
              <div style="line-height: 1.25;">&#160;</div>
            </td>
            <td style="width: 4%; vertical-align: top;">
              <div style="line-height: 1.25;">(a)</div>
            </td>
            <td style="width: 92%; vertical-align: top;">
              <div style="line-height: 1.25;">Name of Issuer<br>
                AudioCodes Ltd.</div>
            </td>
          </tr>
          <tr>
            <td style="width: 4.01%; vertical-align: top;">
              <div style="line-height: 1.25;">&#160;</div>
            </td>
            <td style="width: 4%; vertical-align: top;">&#160;</td>
            <td style="width: 92%; vertical-align: top;">&#160;</td>
          </tr>
          <tr>
            <td style="width: 4.01%; vertical-align: top;">
              <div style="line-height: 1.25;">&#160;</div>
            </td>
            <td style="width: 4%; vertical-align: top;">
              <div style="line-height: 1.25;">(b)</div>
            </td>
            <td style="width: 92%; vertical-align: top;">
              <div style="line-height: 1.25;">Address of Issuer&#8217;s Principal Executive Offices<br>
                1 Hayarden Street,&#160;Airport City,&#160;Lod&#160;7019900,&#160;Israel</div>
            </td>
          </tr>

      </table>
      <div style="line-height: 1.25">&#160;</div>
      <div style="line-height: 1.25; font-weight: bold;">Item 2.</div>
      <div style="line-height: 1.25">&#160;</div>
      <table cellspacing="0" cellpadding="0" id="z9daad4a152bd4401a61eb9ee814bd908" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

          <tr>
            <td style="width: 4.01%; vertical-align: top;">
              <div style="line-height: 1.25;">&#160;</div>
            </td>
            <td style="width: 4%; vertical-align: top;">
              <div style="line-height: 1.25;">(a)</div>
            </td>
            <td style="width: 92%; vertical-align: top;">
              <div style="line-height: 1.25;">Name of Person Filing<br>
                This statement is filed on behalf of each of the following, which will be referred to hereinafter, individually as a &#8220;Reporting Person&#8221; and collectively as the &#8220;Reporting Persons&#8221;:</div>
              <div style="text-indent: -18pt; margin-left: 36pt; line-height: 1.25;">-&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;Value Base Ltd.</div>
              <div style="text-indent: -18pt; margin-left: 36pt; line-height: 1.25;">-&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;Victor Shamrich</div>
              <div style="text-indent: -18pt; margin-left: 36pt; line-height: 1.25;">-&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;Ido Nouberger</div>
              <div style="text-indent: -18pt; margin-left: 36pt; line-height: 1.25;">-&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;Value Base Fund General Partner Ltd., acting as the general partner to<font style="font-weight: bold;">&#160;</font>Value Base Fund Limited Partnership</div>
            </td>
          </tr>
          <tr>
            <td style="width: 4.01%; vertical-align: top;">
              <div style="line-height: 1.25;">&#160;</div>
            </td>
            <td style="width: 4%; vertical-align: top;">&#160;</td>
            <td style="width: 92%; vertical-align: top;">&#160;</td>
          </tr>
          <tr>
            <td style="width: 4.01%; vertical-align: top;">
              <div style="line-height: 1.25;">&#160;</div>
            </td>
            <td style="width: 4%; vertical-align: top;">
              <div style="line-height: 1.25;">(b)</div>
            </td>
            <td style="width: 92%; vertical-align: top;">
              <div style="line-height: 1.25;">Address of the Principal Business Office of each of the Reporting Persons is:<br>
                23 Yehuda Halevi St., Tel-Aviv 6513601, Israel.</div>
            </td>
          </tr>
          <tr>
            <td style="width: 4.01%; vertical-align: top;">
              <div style="line-height: 1.25;">&#160;</div>
            </td>
            <td style="width: 4%; vertical-align: top;">&#160;</td>
            <td style="width: 92%; vertical-align: top;">&#160;</td>
          </tr>
          <tr>
            <td style="width: 4.01%; vertical-align: top;">
              <div style="line-height: 1.25;">&#160;</div>
            </td>
            <td style="width: 4%; vertical-align: top;">
              <div style="line-height: 1.25;">(c)</div>
            </td>
            <td style="width: 92%; vertical-align: top;">
              <div style="line-height: 1.25;">Citizenship/Place of Organization<br>
                Each of the Reporting Person is a citizen of or organized under the laws of the State of Israel.</div>
            </td>
          </tr>
          <tr>
            <td style="width: 4.01%; vertical-align: top;">
              <div style="line-height: 1.25;">&#160;</div>
            </td>
            <td style="width: 4%; vertical-align: top;">&#160;</td>
            <td style="width: 92%; vertical-align: top;">&#160;</td>
          </tr>
          <tr>
            <td style="width: 4.01%; vertical-align: top;">
              <div style="line-height: 1.25;">&#160;</div>
            </td>
            <td style="width: 4%; vertical-align: top;">
              <div style="line-height: 1.25;">(d)</div>
            </td>
            <td style="width: 92%; vertical-align: top;">
              <div style="line-height: 1.25;">Title of Class of Securities<br>
                Ordinary Shares, nominal value NIS 0.01 per share</div>
            </td>
          </tr>
          <tr>
            <td style="width: 4.01%; vertical-align: top;" rowspan="1">&#160;</td>
            <td style="width: 4%; vertical-align: top;" rowspan="1">&#160;</td>
            <td style="width: 92%; vertical-align: top;" rowspan="1">&#160;</td>
          </tr>
          <tr>
            <td style="width: 4.01%; vertical-align: top;">
              <div style="line-height: 1.25;">&#160;</div>
            </td>
            <td style="width: 4%; vertical-align: top;">
              <div style="line-height: 1.25;">(e)</div>
            </td>
            <td style="width: 92%; vertical-align: top;">
              <div style="line-height: 1.25;">CUSIP Number<br>
                M15342104</div>
            </td>
          </tr>

      </table>
      <div style="line-height: 1.25">&#160;</div>
      <div style="line-height: 1.25; font-weight: bold;">Item 3.&#160;&#160;If this statement is filed pursuant to &#167;&#167;240.13d-1(b) or 240.13d-2(b) or (c):</div>
      <div style="line-height: 1.25">&#160;</div>
      <div style="text-indent: 36pt; line-height: 1.25;">Not applicable.</div>
      <div style="line-height: 1.25">&#160;</div>
      <div style="line-height: 1.25; font-weight: bold;">Item 4.&#160;&#160;Ownership.</div>
      <div style="line-height: 1.25">&#160;</div>
      <div style="text-align: justify; line-height: 1.25;">The ownership information presented below is as of July 15, 2024 and represents beneficial ownership of Ordinary Shares of the Issuer
        based on 30,324,284 Ordinary Shares outstanding as of March 20, 2024 (as reported in the Issuer&#8217;s Annual Report on Form 20-F filed with the SEC on March 27, 2024).</div>
      <div style="line-height: 1.25">&#160;</div>
      <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; text-align: left; color: #000000; width: 100%;" id="zb9214a8361f641b7a6ea8a7a533fd3e0" class="cfttable">

          <tr>
            <td valign="bottom" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">
              <div style="line-height: 1.25; font-weight: bold;">Reporting Person</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; padding-bottom: 2px;" colspan="1" class="cftguttercell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);" colspan="2">
              <div style="text-align: center; line-height: 1.25; font-weight: bold;">Amount</div>
              <div style="text-align: center; line-height: 1.25; font-weight: bold;">beneficially</div>
              <div style="text-align: center; line-height: 1.25; font-weight: bold;">owned</div>
            </td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; padding-bottom: 2px;" colspan="1" class="cftfncell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; padding-bottom: 2px;" colspan="1" class="cftguttercell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);" colspan="2">
              <div style="text-align: center; line-height: 1.25; font-weight: bold;">Percent</div>
              <div style="text-align: center; line-height: 1.25; font-weight: bold;">of class:</div>
            </td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; padding-bottom: 2px;" colspan="1" class="cftfncell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; padding-bottom: 2px;" colspan="1" class="cftguttercell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);" colspan="2">
              <div style="text-align: center; line-height: 1.25; font-weight: bold;">Sole power to vote or to direct the vote:</div>
            </td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; padding-bottom: 2px;" colspan="1" class="cftfncell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; padding-bottom: 2px;" colspan="1" class="cftguttercell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);" colspan="2">
              <div style="text-align: center; line-height: 1.25; font-weight: bold;">Shared power to vote or to direct the vote:</div>
            </td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; padding-bottom: 2px;" colspan="1" class="cftfncell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; padding-bottom: 2px;" colspan="1" class="cftguttercell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);" colspan="2">
              <div style="text-align: center; line-height: 1.25; font-weight: bold;">Sole power to dispose or to direct the disposition</div>
              <div style="text-align: center; line-height: 1.25; font-weight: bold;">of:</div>
            </td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; padding-bottom: 2px;" colspan="1" class="cftfncell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; padding-bottom: 2px;" colspan="1" class="cftguttercell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);" colspan="2">
              <div style="text-align: center; line-height: 1.25; font-weight: bold;">Shared</div>
              <div style="text-align: center; line-height: 1.25; font-weight: bold;">power to</div>
              <div style="text-align: center; line-height: 1.25; font-weight: bold;">dispose or</div>
              <div style="text-align: center; line-height: 1.25; font-weight: bold;">to direct</div>
              <div style="text-align: center; line-height: 1.25; font-weight: bold;">the</div>
              <div style="text-align: center; line-height: 1.25; font-weight: bold;">disposition</div>
              <div style="text-align: center; line-height: 1.25; font-weight: bold;">of:</div>
            </td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; padding-bottom: 2px;" colspan="1" class="cftfncell">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: bottom; background-color: #CCEEFF; width: 28%;">
              <div style="line-height: 1.25;">Value Base Ltd.</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1" class="cftguttercell">&#160;</td>
            <td valign="bottom" style="background-color: #CCEEFF; vertical-align: bottom; width: 1%;" colspan="1" class="cftcurrcell">&#160;</td>
            <td valign="bottom" style="background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 9%;" colspan="1" class="cftnumcell">
              <div style="line-height: 1.25;">1,971,346</div>
            </td>
            <td valign="bottom" nowrap="nowrap" style="background-color: #CCEEFF; vertical-align: bottom; width: 1%;" colspan="1" class="cftfncell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1" class="cftguttercell">&#160;</td>
            <td valign="bottom" style="background-color: #CCEEFF; vertical-align: bottom; width: 1%;" colspan="1" class="cftcurrcell">&#160;</td>
            <td valign="bottom" style="background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 9%;" colspan="1" class="cftnumcell">
              <div style="line-height: 1.25;">6.50</div>
            </td>
            <td valign="bottom" nowrap="nowrap" style="background-color: #CCEEFF; vertical-align: bottom; width: 1%;" colspan="1" class="cftfncell">
              <div style="line-height: 1.25;">%</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1" class="cftguttercell">&#160;</td>
            <td valign="bottom" style="background-color: #CCEEFF; vertical-align: bottom; width: 1%;" colspan="1" class="cftcurrcell">&#160;</td>
            <td valign="bottom" style="background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 9%;" colspan="1" class="cftnumcell">
              <div style="line-height: 1.25;">0</div>
            </td>
            <td valign="bottom" nowrap="nowrap" style="background-color: #CCEEFF; vertical-align: bottom; width: 1%;" colspan="1" class="cftfncell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1" class="cftguttercell">&#160;</td>
            <td valign="bottom" style="background-color: #CCEEFF; vertical-align: bottom; width: 1%;" colspan="1" class="cftcurrcell">&#160;</td>
            <td valign="bottom" style="background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 9%;" colspan="1" class="cftnumcell">
              <div style="line-height: 1.25;">1,971,346</div>
            </td>
            <td valign="bottom" nowrap="nowrap" style="background-color: #CCEEFF; vertical-align: bottom; width: 1%;" colspan="1" class="cftfncell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1" class="cftguttercell">&#160;</td>
            <td valign="bottom" style="background-color: #CCEEFF; vertical-align: bottom; width: 1%;" colspan="1" class="cftcurrcell">&#160;</td>
            <td valign="bottom" style="background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 9%;" colspan="1" class="cftnumcell">
              <div style="line-height: 1.25;">0</div>
            </td>
            <td valign="bottom" nowrap="nowrap" style="background-color: #CCEEFF; vertical-align: bottom; width: 1%;" colspan="1" class="cftfncell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1" class="cftguttercell">&#160;</td>
            <td valign="bottom" style="background-color: #CCEEFF; vertical-align: bottom; width: 1%;" colspan="1" class="cftcurrcell">&#160;</td>
            <td valign="bottom" style="background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 9%;" colspan="1" class="cftnumcell">
              <div style="line-height: 1.25;">1,971,346</div>
            </td>
            <td valign="bottom" nowrap="nowrap" style="background-color: #CCEEFF; vertical-align: bottom; width: 1%;" colspan="1" class="cftfncell">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: bottom; width: 28%;">
              <div style="line-height: 1.25;">Victor Shamrich</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1" class="cftguttercell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1" class="cftcurrcell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%;" colspan="1" class="cftnumcell">
              <div style="line-height: 1.25;">1,971,346</div>
            </td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%;" colspan="1" class="cftfncell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1" class="cftguttercell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1" class="cftcurrcell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%;" colspan="1" class="cftnumcell">
              <div style="line-height: 1.25;">6.50</div>
            </td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%;" colspan="1" class="cftfncell">
              <div style="line-height: 1.25;">%</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1" class="cftguttercell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1" class="cftcurrcell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%;" colspan="1" class="cftnumcell">
              <div style="line-height: 1.25;">0</div>
            </td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%;" colspan="1" class="cftfncell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1" class="cftguttercell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1" class="cftcurrcell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%;" colspan="1" class="cftnumcell">
              <div style="line-height: 1.25;">1,971,346</div>
            </td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%;" colspan="1" class="cftfncell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1" class="cftguttercell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1" class="cftcurrcell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%;" colspan="1" class="cftnumcell">
              <div style="line-height: 1.25;">0</div>
            </td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%;" colspan="1" class="cftfncell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1" class="cftguttercell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1" class="cftcurrcell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%;" colspan="1" class="cftnumcell">
              <div style="line-height: 1.25;">1,971,346</div>
            </td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%;" colspan="1" class="cftfncell">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: bottom; background-color: #CCEEFF; width: 28%;">
              <div style="line-height: 1.25;">Ido Nouberger</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1" class="cftguttercell">&#160;</td>
            <td valign="bottom" style="background-color: #CCEEFF; vertical-align: bottom; width: 1%;" colspan="1" class="cftcurrcell">&#160;</td>
            <td valign="bottom" style="background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 9%;" colspan="1" class="cftnumcell">
              <div style="line-height: 1.25;">1,971,346</div>
            </td>
            <td valign="bottom" nowrap="nowrap" style="background-color: #CCEEFF; vertical-align: bottom; width: 1%;" colspan="1" class="cftfncell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1" class="cftguttercell">&#160;</td>
            <td valign="bottom" style="background-color: #CCEEFF; vertical-align: bottom; width: 1%;" colspan="1" class="cftcurrcell">&#160;</td>
            <td valign="bottom" style="background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 9%;" colspan="1" class="cftnumcell">
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            <td valign="bottom" nowrap="nowrap" style="background-color: #CCEEFF; vertical-align: bottom; width: 1%;" colspan="1" class="cftfncell">
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            <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1" class="cftguttercell">&#160;</td>
            <td valign="bottom" style="background-color: #CCEEFF; vertical-align: bottom; width: 1%;" colspan="1" class="cftcurrcell">&#160;</td>
            <td valign="bottom" style="background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 9%;" colspan="1" class="cftnumcell">
              <div style="line-height: 1.25;">0</div>
            </td>
            <td valign="bottom" nowrap="nowrap" style="background-color: #CCEEFF; vertical-align: bottom; width: 1%;" colspan="1" class="cftfncell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1" class="cftguttercell">&#160;</td>
            <td valign="bottom" style="background-color: #CCEEFF; vertical-align: bottom; width: 1%;" colspan="1" class="cftcurrcell">&#160;</td>
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            <td valign="bottom" nowrap="nowrap" style="background-color: #CCEEFF; vertical-align: bottom; width: 1%;" colspan="1" class="cftfncell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1" class="cftguttercell">&#160;</td>
            <td valign="bottom" style="background-color: #CCEEFF; vertical-align: bottom; width: 1%;" colspan="1" class="cftcurrcell">&#160;</td>
            <td valign="bottom" style="background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 9%;" colspan="1" class="cftnumcell">
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            <td valign="bottom" nowrap="nowrap" style="background-color: #CCEEFF; vertical-align: bottom; width: 1%;" colspan="1" class="cftfncell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1" class="cftguttercell">&#160;</td>
            <td valign="bottom" style="background-color: #CCEEFF; vertical-align: bottom; width: 1%;" colspan="1" class="cftcurrcell">&#160;</td>
            <td valign="bottom" style="background-color: #CCEEFF; vertical-align: bottom; text-align: right; width: 9%;" colspan="1" class="cftnumcell">
              <div style="line-height: 1.25;">1,971,346</div>
            </td>
            <td valign="bottom" nowrap="nowrap" style="background-color: #CCEEFF; vertical-align: bottom; width: 1%;" colspan="1" class="cftfncell">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: bottom; width: 28%;">
              <div style="line-height: 1.25;">Value Base Fund General Partner Ltd.</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1" class="cftguttercell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1" class="cftcurrcell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%;" colspan="1" class="cftnumcell">
              <div style="line-height: 1.25;">1,971,346</div>
            </td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%;" colspan="1" class="cftfncell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1" class="cftguttercell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1" class="cftcurrcell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%;" colspan="1" class="cftnumcell">
              <div style="line-height: 1.25;">6.50</div>
            </td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%;" colspan="1" class="cftfncell">
              <div style="line-height: 1.25;">%</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1" class="cftguttercell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1" class="cftcurrcell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%;" colspan="1" class="cftnumcell">
              <div style="line-height: 1.25;">0</div>
            </td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%;" colspan="1" class="cftfncell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1" class="cftguttercell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1" class="cftcurrcell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%;" colspan="1" class="cftnumcell">
              <div style="line-height: 1.25;">1,971,346</div>
            </td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%;" colspan="1" class="cftfncell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1" class="cftguttercell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1" class="cftcurrcell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%;" colspan="1" class="cftnumcell">
              <div style="line-height: 1.25;">0</div>
            </td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%;" colspan="1" class="cftfncell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1" class="cftguttercell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1" class="cftcurrcell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%;" colspan="1" class="cftnumcell">
              <div style="line-height: 1.25;">1,971,346</div>
            </td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%;" colspan="1" class="cftfncell">&#160;</td>
          </tr>

      </table>
      <div style="line-height: 1.25">&#160;</div>
      <div style="text-align: justify; line-height: 1.25;">The securities reported herein are beneficially owned as follows: 1,971,346 Ordinary Shares owned directly by Value Base Fund Limited
        Partnership, a Cayman Islands limited partnership.</div>
      <div style="line-height: 1.25">&#160;</div>
      <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" class="BRPFPageBreakArea">
        <div style="text-align: center;" class="BRPFPageNumberArea"><font style="font-weight: normal; font-style: normal;" class="BRPFPageNumber">6</font></div>
        <div style="page-break-after: always;" class="BRPFPageBreak">
          <hr noshade="noshade" style="border-width: 0px; clear: both; margin: 4px 0px; width: 100%; height: 2px; color: #000000; background-color: #000000;"></div>
      </div>
      <div style="text-align: justify; line-height: 1.25;">The general partner of Value Base Fund Limited Partnership is Value Base Fund General Partner Ltd., an Israeli private company (the "<u>VBF General Partner</u>"), which has delegated its management responsibilities to a management company, Value Base Fund Management Ltd., an Israeli private company
        (the "<u>Management Company</u>").</div>
      <div style="line-height: 1.25">&#160;</div>
      <div style="text-align: justify; line-height: 1.25;">Each of the VBF General Partner and the Management Company is controlled by Value Base Ltd., which directly and indirectly holds a
        majority of the shares of each such company. Value Base Ltd., an Israeli company, is controlled by Messrs Victor Shamrich and Ido Nouberger.</div>
      <div style="line-height: 1.25">&#160;</div>
      <div style="text-align: justify; line-height: 1.25;">This Statement shall not be construed as an admission by any of the Reporting Persons that it is the beneficial owner of any of the
        securities covered by this Statement, and each Reporting Person disclaims beneficial ownership of any such securities.&#160;In addition, the Reporting Persons and other entities named in this Schedule 13G may be deemed to constitute a "group" for
        purposes of Section 13(d) of the Securities Exchange Act of 1934. Neither the filing of this Schedule 13G nor any of its contents shall be deemed to constitute an admission that a group exists for purposes of Section 13(d) of the Securities
        Exchange Act of 1934 or for any other purpose, and each of the Reporting Persons and other entities named in this Schedule 13G disclaims the existence of any such group.</div>
      <div style="line-height: 1.25">&#160;</div>
      <div style="line-height: 1.25; font-weight: bold;">Item 5.&#160;&#160;Ownership of Five Percent or Less of a Class.</div>
      <div style="line-height: 1.25">&#160;</div>
      <div style="text-indent: 18pt; line-height: 1.25;">Not Applicable.</div>
      <div style="line-height: 1.25">&#160;</div>
      <div style="line-height: 1.25; font-weight: bold;">Item 6.&#160;&#160;Ownership of More than Five Percent on Behalf of Another Person.</div>
      <div style="line-height: 1.25">&#160;</div>
      <div style="text-indent: 18pt; line-height: 1.25;">Not Applicable.&#160;</div>
      <div style="line-height: 1.25">&#160;</div>
      <div style="line-height: 1.25; font-weight: bold;">Item 7.&#160;&#160;Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the
        Parent Holding Company.</div>
      <div style="line-height: 1.25">&#160;</div>
      <div style="text-indent: 18pt; line-height: 1.25;">&#160;Not Applicable.</div>
      <div style="line-height: 1.25">&#160;</div>
      <div style="line-height: 1.25; font-weight: bold;">Item 8.&#160;&#160;Identification and Classification of Members of the Group.</div>
      <div style="line-height: 1.25">&#160;</div>
      <div style="text-indent: 18pt; line-height: 1.25;">Not Applicable.&#160;</div>
      <div style="line-height: 1.25">&#160;</div>
      <div style="line-height: 1.25; font-weight: bold;">Item 9.&#160;&#160;Notice of Dissolution of Group.</div>
      <div style="line-height: 1.25">&#160;</div>
      <div style="text-indent: 18pt; line-height: 1.25;">&#160;Not Applicable.</div>
      <div style="line-height: 1.25">&#160;</div>
      <div style="line-height: 1.25; font-weight: bold;">Item 10.&#160;&#160;Certification.</div>
      <div style="line-height: 1.25">&#160;</div>
      <div style="text-align: justify; line-height: 1.25;">By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are
        not held for the purpose of or with the effect of changing or influencing the&#160;control&#160;of the&#160;Issuer&#160;of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect,
        other than activities solely in connection with a nomination under&#160;&#167; 240.14a-11.</div>
      <div style="line-height: 1.25">&#160;</div>
      <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" class="BRPFPageBreakArea">
        <div style="text-align: center;" class="BRPFPageNumberArea"><font style="font-weight: normal; font-style: normal;" class="BRPFPageNumber">7</font></div>
        <div style="page-break-after: always;" class="BRPFPageBreak">
          <hr noshade="noshade" style="border-width: 0px; clear: both; margin: 4px 0px; width: 100%; height: 2px; color: #000000; background-color: #000000;"></div>
      </div>
      <div style="text-align: justify; text-indent: 18pt; 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">&#160;</div>
      <div style="text-indent: 18pt; line-height: 1.25;">July 16, 2024</div>
      <div style="line-height: 1.25">&#160;</div>
      <div style="line-height: 1.25">
        <div>
          <table cellspacing="0" cellpadding="0" border="0" style="width: 100%; font-family: 'Times New Roman', Times, serif; font-size: 10pt;">

              <tr>
                <td valign="top" align="left" style="width: 50%;" colspan="1" rowspan="1">&#160;</td>
                <td valign="top" align="left" style="width: 23%; font-weight: bold;" rowspan="1">Value Base Ltd.</td>
                <td valign="top" style="width: 2%;" rowspan="1"><br>
                </td>
                <td valign="top" align="left" style="width: 23%;" rowspan="1"><br>
                </td>
                <td valign="top" style="width: 2%;" rowspan="1">&#160;</td>
              </tr>
              <tr>
                <td valign="top" align="left" style="width: 50%;" colspan="1">&#160;</td>
                <td valign="top" align="left" style="width: 23%;"><br>
                </td>
                <td valign="top" style="width: 2%;"><br>
                </td>
                <td valign="top" align="left" style="width: 23%;"><br>
                </td>
                <td valign="top" style="width: 2%;">&#160;</td>
              </tr>
              <tr>
                <td valign="top" align="left" style="width: 50%; padding-bottom: 2px;" colspan="1">&#160;</td>
                <td valign="top" align="left" style="width: 23%; border-bottom: 2px solid rgb(0, 0, 0);">/s/ <font style="font-family: 'Times New Roman',Times,serif;">Ido Nouberger</font></td>
                <td valign="top" style="width: 2%; padding-bottom: 2px;"><br>
                </td>
                <td valign="top" align="left" style="width: 23%; border-bottom: 2px solid rgb(0, 0, 0);">/s/ <font style="font-family: 'Times New Roman',Times,serif;">Victor Shamrich</font></td>
                <td valign="top" style="width: 2%; padding-bottom: 2px;">&#160;</td>
              </tr>
              <tr>
                <td valign="top" align="left" style="width: 50%;" colspan="1">&#160;</td>
                <td valign="top" align="left" style="width: 23%;"><font style="font-family: 'Times New Roman',Times,serif;">Name: Ido Nouberger</font></td>
                <td valign="top" style="width: 2%;"><br>
                </td>
                <td valign="top" align="left" style="width: 23%;"><font style="font-family: 'Times New Roman',Times,serif;">Name: Victor Shamrich</font></td>
                <td valign="top" style="width: 2%;">&#160;</td>
              </tr>
              <tr>
                <td valign="top" align="justify" style="width: 50%;" colspan="1"><br>
                </td>
                <td valign="top" align="justify" style="width: 23%;"><font style="font-family: 'Times New Roman',Times,serif;">Title: CEO</font></td>
                <td valign="top" style="width: 2%;"><br>
                </td>
                <td valign="top" align="justify" style="width: 23%;"><font style="font-family: 'Times New Roman',Times,serif;">Title: Chairman</font></td>
                <td valign="top" style="width: 2%;">&#160;</td>
              </tr>
              <tr>
                <td valign="top" align="justify" style="width: 50%;" colspan="1" rowspan="1"><br>
                </td>
                <td valign="top" align="justify" style="width: 23%;" rowspan="1"><br>
                </td>
                <td valign="top" style="width: 2%;" rowspan="1"><br>
                </td>
                <td valign="top" align="justify" style="width: 23%;" rowspan="1"><br>
                </td>
                <td valign="top" style="width: 2%;" rowspan="1">&#160;</td>
              </tr>
              <tr>
                <td valign="top" align="justify" style="width: 50%; padding-bottom: 2px;" colspan="1" rowspan="1"><br>
                </td>
                <td valign="top" align="justify" style="width: 23%; border-bottom: 2px solid rgb(0, 0, 0);" rowspan="1">/s/ Victor Shamrich</td>
                <td valign="top" style="width: 2%; padding-bottom: 2px;" rowspan="1"><br>
                </td>
                <td valign="top" align="justify" style="width: 23%; padding-bottom: 2px;" rowspan="1"><br>
                </td>
                <td valign="top" style="width: 2%; padding-bottom: 2px;" rowspan="1">&#160;</td>
              </tr>
              <tr>
                <td valign="top" align="justify" style="width: 50%;" colspan="1" rowspan="1"><br>
                </td>
                <td valign="top" align="justify" style="width: 23%;" rowspan="1">Victor Shamrich</td>
                <td valign="top" style="width: 2%;" rowspan="1"><br>
                </td>
                <td valign="top" align="justify" style="width: 23%;" rowspan="1"><br>
                </td>
                <td valign="top" style="width: 2%;" rowspan="1">&#160;</td>
              </tr>
              <tr>
                <td valign="top" align="justify" style="width: 50%;" colspan="1" rowspan="1"><br>
                </td>
                <td valign="top" align="justify" style="width: 23%;" rowspan="1"><br>
                </td>
                <td valign="top" style="width: 2%;" rowspan="1"><br>
                </td>
                <td valign="top" align="justify" style="width: 23%;" rowspan="1"><br>
                </td>
                <td valign="top" style="width: 2%;" rowspan="1">&#160;</td>
              </tr>
              <tr>
                <td valign="top" align="justify" style="width: 50%; padding-bottom: 2px;" colspan="1" rowspan="1"><br>
                </td>
                <td valign="top" align="justify" style="width: 23%; border-bottom: 2px solid rgb(0, 0, 0);" rowspan="1">/s/ Ido Nouberger</td>
                <td valign="top" style="width: 2%; padding-bottom: 2px;" rowspan="1"><br>
                </td>
                <td valign="top" align="justify" style="width: 23%; padding-bottom: 2px;" rowspan="1"><br>
                </td>
                <td valign="top" style="width: 2%; padding-bottom: 2px;" rowspan="1">&#160;</td>
              </tr>
              <tr>
                <td valign="top" align="justify" style="width: 50%;" colspan="1" rowspan="1">&#160;</td>
                <td valign="top" align="justify" style="width: 23%;" rowspan="1">Ido Nouberger</td>
                <td valign="top" style="width: 2%;" rowspan="1">&#160;</td>
                <td valign="top" align="justify" style="width: 23%;" rowspan="1">&#160;</td>
                <td valign="top" style="width: 2%;" rowspan="1">&#160;</td>
              </tr>
              <tr>
                <td valign="top" align="justify" style="width: 50%;" colspan="1" rowspan="1">&#160;</td>
                <td valign="top" align="justify" style="width: 23%;" rowspan="1"><br>
                </td>
                <td valign="top" style="width: 2%;" rowspan="1"><br>
                </td>
                <td valign="top" align="justify" style="width: 23%;" rowspan="1"><br>
                </td>
                <td valign="top" style="width: 2%;" rowspan="1">&#160;</td>
              </tr>
              <tr>
                <td valign="top" align="justify" style="width: 50%;" colspan="1" rowspan="1">&#160;</td>
                <td valign="top" align="justify" style="width: 23%;" rowspan="1" colspan="3">
                  <div style="text-align: left; line-height: 1.25; font-family: 'Times New Roman',Times,serif; font-weight: bold;">Value Base Fund General Partner Ltd.</div>
                </td>
                <td valign="top" style="width: 2%;" rowspan="1">&#160;</td>
              </tr>
              <tr>
                <td valign="top" align="justify" style="width: 50%;" colspan="1" rowspan="1">&#160;</td>
                <td valign="top" align="justify" style="width: 23%;" rowspan="1" colspan="3">
                  <div style="text-align: left; line-height: 1.25; font-family: 'Times New Roman',Times,serif; font-weight: bold;">By: Value Base Fund Management Ltd.</div>
                </td>
                <td valign="top" style="width: 2%;" rowspan="1">&#160;</td>
              </tr>
              <tr>
                <td valign="top" align="justify" style="width: 50%;" colspan="1" rowspan="1">&#160;</td>
                <td valign="top" align="justify" style="width: 23%;" rowspan="1"><br>
                </td>
                <td valign="top" style="width: 2%;" rowspan="1"><br>
                </td>
                <td valign="top" align="justify" style="width: 23%;" rowspan="1"><br>
                </td>
                <td valign="top" style="width: 2%;" rowspan="1">&#160;</td>
              </tr>
              <tr>
                <td valign="top" align="justify" style="width: 50%; padding-bottom: 2px;" colspan="1" rowspan="1">&#160;</td>
                <td valign="top" align="justify" style="width: 23%; border-bottom: 2px solid rgb(0, 0, 0);" rowspan="1">/s/ <font style="font-family: 'Times New Roman',Times,serif;">Ido Nouberger *<br>
                  </font></td>
                <td valign="top" style="width: 2%; padding-bottom: 2px;" rowspan="1"><br>
                </td>
                <td valign="top" align="justify" style="width: 23%; border-bottom: 2px solid rgb(0, 0, 0);" rowspan="1">/s/ <font style="font-family: 'Times New Roman',Times,serif;">Victor Shamrich *<br>
                  </font></td>
                <td valign="top" style="width: 2%; padding-bottom: 2px;" rowspan="1">&#160;</td>
              </tr>
              <tr>
                <td valign="top" align="justify" style="width: 50%;" colspan="1" rowspan="1">&#160;</td>
                <td valign="top" align="justify" style="width: 23%;" rowspan="1"><font style="font-family: 'Times New Roman',Times,serif;">Name: Ido Nouberger</font></td>
                <td valign="top" style="width: 2%;" rowspan="1"><br>
                </td>
                <td valign="top" align="justify" style="width: 23%;" rowspan="1"><font style="font-family: 'Times New Roman',Times,serif;">Name: Victor Shamrich</font></td>
                <td valign="top" style="width: 2%;" rowspan="1">&#160;</td>
              </tr>
              <tr>
                <td valign="top" align="justify" style="width: 50%;" colspan="1" rowspan="1">&#160;</td>
                <td valign="top" align="justify" style="width: 23%;" rowspan="1"><font style="font-family: 'Times New Roman',Times,serif;">Title: Director</font></td>
                <td valign="top" style="width: 2%;" rowspan="1"><br>
                </td>
                <td valign="top" align="justify" style="width: 23%;" rowspan="1"><font style="font-family: 'Times New Roman',Times,serif;">Title: Director</font></td>
                <td valign="top" style="width: 2%;" rowspan="1">&#160;</td>
              </tr>

          </table>
        </div>
      </div>
      <br>
      <div style="line-height: 1.25;">* Signature authority provided in Exhibit 2 to this statement on Schedule 13G.</div>
      <div style="line-height: 1.25;"><br style="line-height: 1.25;">
      </div>
      <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" class="BRPFPageBreakArea">
        <div style="text-align: center;" class="BRPFPageNumberArea"><font style="font-weight: normal; font-style: normal;" class="BRPFPageNumber">8</font></div>
        <div style="page-break-after: always;" class="BRPFPageBreak">
          <hr noshade="noshade" style="border-width: 0px; clear: both; margin: 4px 0px; width: 100%; height: 2px; color: #000000; background-color: #000000;"></div>
      </div>
      <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;" id="e56e22b49a684104954290c008a8676b" class="DSPFListTable">

          <tr>
            <td style="width: 108pt; vertical-align: top;"><font style="font-weight: bold;">EXHIBIT NO.</font></td>
            <td style="width: auto; vertical-align: top;"><font style="font-weight: bold;">DESCRIPTION</font></td>
          </tr>

      </table>
      <div style="line-height: 1.25"> <br>
      </div>
      <table cellspacing="0" cellpadding="0" id="zf3d0832eb6d7445f92e87f4e376fb9eb" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

          <tr>
            <td style="width: 108pt; vertical-align: top;"><a href="exhibit-1.htm">Exhibit 1</a></td>
            <td style="width: auto; vertical-align: top;">
              <div><a href="exhibit-1.htm">Joint Filing Agreement by and among the Reporting Persons</a></div>
            </td>
          </tr>

      </table>
      <div style="line-height: 1.25">&#160;</div>
      <table cellspacing="0" cellpadding="0" id="zb24207a387454aedb24f9ae3f024019d" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

          <tr>
            <td style="width: 108pt; vertical-align: top;"><a href="exhibit-2.htm">Exhibit 2</a></td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div><a href="exhibit-2.htm">Unanimous written resolutions of the directors of Value Base
                  Fund Management Ltd., dated as of September 27, 2023</a></div>
            </td>
          </tr>

      </table>
      <div style="line-height: 1.25">&#160;</div>
      <div style="line-height: 1.25; text-align: center;">9<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>
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</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99
<SEQUENCE>2
<FILENAME>exhibit-1.htm
<DESCRIPTION>EXHIBIT 1
<TEXT>
<html>
  <head>
    <title></title>
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<body bgcolor="#ffffff" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; text-align: left; color: #000000;">
  <div>
    <hr align="center" style="border: none; border-bottom: 1px solid black; border-top: 4px solid black; height: 10px; color: #ffffff; background-color: #ffffff; text-align: center; margin-left: auto; margin-right: auto;">
    <div style="line-height: 1.25; font-weight: bold; text-align: right;"><u>Exhibit 1</u></div>
    <div style="line-height: 1.25;"><br style="line-height: 1.25;">
    </div>
    <div style="text-align: center; text-indent: -36pt; margin-left: 36pt; line-height: 1.25; font-weight: bold;">JOINT FILING AGREEMENT</div>
    <div style="line-height: 1.25">&#160;</div>
    <div style="text-align: justify; text-indent: 36pt; line-height: 1.25;">Pursuant to Rule 13d-1(k)(1) under the Securities Exchange Act of 1934, as amended, the undersigned hereby agree that
      only one statement containing the information required by Schedule 13G need be filed with respect to the ownership by each of the undersigned of shares of&#160;AudioCodes Ltd.; each of them is responsible for the timely filing of such Schedule 13G and any
      amendments thereto, and for the completeness and accuracy of the information concerning such person contained therein; but none of them is responsible for the completeness or accuracy of the information concerning the other persons making the filing,
      unless such person knows or has reason to believe that such information is inaccurate.&#160;In accordance with Rule 13d-1(k)(1), the undersigned hereby agree to the joint filing with each other on behalf of each of them of such a statement on Schedule 13G
      and any amendments thereto with respect to the equity securities (as defined in Rule 13d-1(i)) of the Issuer, beneficially owned by each of them. This Joint Filing Agreement shall be included as an exhibit to such Schedule 13G and any amendments
      thereto.</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 agreement may be executed in any number of counterparts, each of which shall be deemed an original.</div>
    <div style="line-height: 1.25;">&#160;</div>
    <div style="line-height: 1.25;">July 16, 2024</div>
    <div style="line-height: 1.25;"><br style="line-height: 1.25;">
    </div>
    <div style="line-height: 1.25;">
      <div style="line-height: 1.25">
        <div>
          <table cellspacing="0" cellpadding="0" border="0" style="width: 100%; font-family: 'Times New Roman', Times, serif; font-size: 10pt;">

              <tr>
                <td valign="top" align="left" style="width: 50%;" colspan="1" rowspan="1">&#160;</td>
                <td valign="top" align="left" style="width: 23%; font-weight: bold;" rowspan="1">Value Base Ltd.</td>
                <td valign="top" style="width: 2%;" rowspan="1"><br>
                </td>
                <td valign="top" align="left" style="width: 23%;" rowspan="1"><br>
                </td>
                <td valign="top" style="width: 2%;" rowspan="1">&#160;</td>
              </tr>
              <tr>
                <td valign="top" align="left" style="width: 50%;" colspan="1">&#160;</td>
                <td valign="top" align="left" style="width: 23%;"><br>
                </td>
                <td valign="top" style="width: 2%;"><br>
                </td>
                <td valign="top" align="left" style="width: 23%;"><br>
                </td>
                <td valign="top" style="width: 2%;">&#160;</td>
              </tr>
              <tr>
                <td valign="top" align="left" style="width: 50%; padding-bottom: 2px;" colspan="1">&#160;</td>
                <td valign="top" align="left" style="width: 23%; border-bottom: 2px solid rgb(0, 0, 0);">/s/ <font style="font-family: 'Times New Roman',Times,serif;">Ido Nouberger</font></td>
                <td valign="top" style="width: 2%; padding-bottom: 2px;"><br>
                </td>
                <td valign="top" align="left" style="width: 23%; border-bottom: 2px solid rgb(0, 0, 0);">/s/ <font style="font-family: 'Times New Roman',Times,serif;">Victor Shamrich</font></td>
                <td valign="top" style="width: 2%; padding-bottom: 2px;">&#160;</td>
              </tr>
              <tr>
                <td valign="top" align="left" style="width: 50%;" colspan="1">&#160;</td>
                <td valign="top" align="left" style="width: 23%;"><font style="font-family: 'Times New Roman',Times,serif;">Name: Ido Nouberger</font></td>
                <td valign="top" style="width: 2%;"><br>
                </td>
                <td valign="top" align="left" style="width: 23%;"><font style="font-family: 'Times New Roman',Times,serif;">Name: Victor Shamrich</font></td>
                <td valign="top" style="width: 2%;">&#160;</td>
              </tr>
              <tr>
                <td valign="top" align="justify" style="width: 50%;" colspan="1"><br>
                </td>
                <td valign="top" align="justify" style="width: 23%;"><font style="font-family: 'Times New Roman',Times,serif;">Title: CEO</font></td>
                <td valign="top" style="width: 2%;"><br>
                </td>
                <td valign="top" align="justify" style="width: 23%;"><font style="font-family: 'Times New Roman',Times,serif;">Title: Chairman</font></td>
                <td valign="top" style="width: 2%;">&#160;</td>
              </tr>
              <tr>
                <td valign="top" align="justify" style="width: 50%;" colspan="1" rowspan="1"><br>
                </td>
                <td valign="top" align="justify" style="width: 23%;" rowspan="1"><br>
                </td>
                <td valign="top" style="width: 2%;" rowspan="1"><br>
                </td>
                <td valign="top" align="justify" style="width: 23%;" rowspan="1"><br>
                </td>
                <td valign="top" style="width: 2%;" rowspan="1">&#160;</td>
              </tr>
              <tr>
                <td valign="top" align="justify" style="width: 50%; padding-bottom: 2px;" colspan="1" rowspan="1"><br>
                </td>
                <td valign="top" align="justify" style="width: 23%; border-bottom: 2px solid rgb(0, 0, 0);" rowspan="1">/s/ Victor Shamrich</td>
                <td valign="top" style="width: 2%; padding-bottom: 2px;" rowspan="1"><br>
                </td>
                <td valign="top" align="justify" style="width: 23%; padding-bottom: 2px;" rowspan="1"><br>
                </td>
                <td valign="top" style="width: 2%; padding-bottom: 2px;" rowspan="1">&#160;</td>
              </tr>
              <tr>
                <td valign="top" align="justify" style="width: 50%;" colspan="1" rowspan="1"><br>
                </td>
                <td valign="top" align="justify" style="width: 23%;" rowspan="1">Victor Shamrich</td>
                <td valign="top" style="width: 2%;" rowspan="1"><br>
                </td>
                <td valign="top" align="justify" style="width: 23%;" rowspan="1"><br>
                </td>
                <td valign="top" style="width: 2%;" rowspan="1">&#160;</td>
              </tr>
              <tr>
                <td valign="top" align="justify" style="width: 50%;" colspan="1" rowspan="1"><br>
                </td>
                <td valign="top" align="justify" style="width: 23%;" rowspan="1"><br>
                </td>
                <td valign="top" style="width: 2%;" rowspan="1"><br>
                </td>
                <td valign="top" align="justify" style="width: 23%;" rowspan="1"><br>
                </td>
                <td valign="top" style="width: 2%;" rowspan="1">&#160;</td>
              </tr>
              <tr>
                <td valign="top" align="justify" style="width: 50%; padding-bottom: 2px;" colspan="1" rowspan="1"><br>
                </td>
                <td valign="top" align="justify" style="width: 23%; border-bottom: 2px solid rgb(0, 0, 0);" rowspan="1">/s/ Ido Nouberger</td>
                <td valign="top" style="width: 2%; padding-bottom: 2px;" rowspan="1"><br>
                </td>
                <td valign="top" align="justify" style="width: 23%; padding-bottom: 2px;" rowspan="1"><br>
                </td>
                <td valign="top" style="width: 2%; padding-bottom: 2px;" rowspan="1">&#160;</td>
              </tr>
              <tr>
                <td valign="top" align="justify" style="width: 50%;" colspan="1" rowspan="1">&#160;</td>
                <td valign="top" align="justify" style="width: 23%;" rowspan="1">Ido Nouberger</td>
                <td valign="top" style="width: 2%;" rowspan="1">&#160;</td>
                <td valign="top" align="justify" style="width: 23%;" rowspan="1">&#160;</td>
                <td valign="top" style="width: 2%;" rowspan="1">&#160;</td>
              </tr>
              <tr>
                <td valign="top" align="justify" style="width: 50%;" colspan="1" rowspan="1">&#160;</td>
                <td valign="top" align="justify" style="width: 23%;" rowspan="1"><br>
                </td>
                <td valign="top" style="width: 2%;" rowspan="1"><br>
                </td>
                <td valign="top" align="justify" style="width: 23%;" rowspan="1"><br>
                </td>
                <td valign="top" style="width: 2%;" rowspan="1">&#160;</td>
              </tr>
              <tr>
                <td valign="top" align="justify" style="width: 50%;" colspan="1" rowspan="1">&#160;</td>
                <td valign="top" align="justify" style="width: 23%;" rowspan="1" colspan="3">
                  <div style="text-align: left; line-height: 1.25; font-family: 'Times New Roman',Times,serif; font-weight: bold;">Value Base Fund General Partner Ltd.</div>
                </td>
                <td valign="top" style="width: 2%;" rowspan="1">&#160;</td>
              </tr>
              <tr>
                <td valign="top" align="justify" style="width: 50%;" colspan="1" rowspan="1">&#160;</td>
                <td valign="top" align="justify" style="width: 23%;" rowspan="1" colspan="3">
                  <div style="text-align: left; line-height: 1.25; font-family: 'Times New Roman',Times,serif; font-weight: bold;">By: Value Base Fund Management Ltd.</div>
                </td>
                <td valign="top" style="width: 2%;" rowspan="1">&#160;</td>
              </tr>
              <tr>
                <td valign="top" align="justify" style="width: 50%;" colspan="1" rowspan="1">&#160;</td>
                <td valign="top" align="justify" style="width: 23%;" rowspan="1"><br>
                </td>
                <td valign="top" style="width: 2%;" rowspan="1"><br>
                </td>
                <td valign="top" align="justify" style="width: 23%;" rowspan="1"><br>
                </td>
                <td valign="top" style="width: 2%;" rowspan="1">&#160;</td>
              </tr>
              <tr>
                <td valign="top" align="justify" style="width: 50%; padding-bottom: 2px;" colspan="1" rowspan="1">&#160;</td>
                <td valign="top" align="justify" style="width: 23%; border-bottom: 2px solid rgb(0, 0, 0);" rowspan="1">/s/ <font style="font-family: 'Times New Roman',Times,serif;">Ido Nouberger *<br>
                  </font></td>
                <td valign="top" style="width: 2%; padding-bottom: 2px;" rowspan="1"><br>
                </td>
                <td valign="top" align="justify" style="width: 23%; border-bottom: 2px solid rgb(0, 0, 0);" rowspan="1">/s/ <font style="font-family: 'Times New Roman',Times,serif;">Victor Shamrich *<br>
                  </font></td>
                <td valign="top" style="width: 2%; padding-bottom: 2px;" rowspan="1">&#160;</td>
              </tr>
              <tr>
                <td valign="top" align="justify" style="width: 50%;" colspan="1" rowspan="1">&#160;</td>
                <td valign="top" align="justify" style="width: 23%;" rowspan="1"><font style="font-family: 'Times New Roman',Times,serif;">Name: Ido Nouberger</font></td>
                <td valign="top" style="width: 2%;" rowspan="1"><br>
                </td>
                <td valign="top" align="justify" style="width: 23%;" rowspan="1"><font style="font-family: 'Times New Roman',Times,serif;">Name: Victor Shamrich</font></td>
                <td valign="top" style="width: 2%;" rowspan="1">&#160;</td>
              </tr>
              <tr>
                <td valign="top" align="justify" style="width: 50%;" colspan="1" rowspan="1">&#160;</td>
                <td valign="top" align="justify" style="width: 23%;" rowspan="1"><font style="font-family: 'Times New Roman',Times,serif;">Title: Director</font></td>
                <td valign="top" style="width: 2%;" rowspan="1"><br>
                </td>
                <td valign="top" align="justify" style="width: 23%;" rowspan="1"><font style="font-family: 'Times New Roman',Times,serif;">Title: Director</font></td>
                <td valign="top" style="width: 2%;" rowspan="1">&#160;</td>
              </tr>

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        </div>
      </div>
    </div>
    <br>
    <div style="line-height: 1.25;">* Signature authority provided in Exhibit 2 to this statement on Schedule 13G.</div>
    <div style="line-height: 1.25;"><br style="line-height: 1.25;">
    </div>
    <div style="line-height: 1.25;">
      <hr align="center" style="border: none; border-bottom: 4px solid black; border-top: 1px solid black; height: 10px; color: #ffffff; background-color: #ffffff; text-align: center; margin-left: auto; margin-right: auto;"></div>
  </div>
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</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99
<SEQUENCE>3
<FILENAME>exhibit-2.htm
<DESCRIPTION>EXHIBIT 2
<TEXT>
<html>
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    <title></title>
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<body bgcolor="#ffffff" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; text-align: left; color: #000000;">
  <div>
    <div style="line-height: 1.25">
      <hr align="center" style="border: none; border-bottom: 1px solid black; border-top: 4px solid black; height: 10px; color: #ffffff; background-color: #ffffff; text-align: center; margin-left: auto; margin-right: auto;"></div>
    <div style="line-height: 1.25; text-align: right;"> <u><font style="font-weight: bold;">Exhibit 2</font></u></div>
    <div style="line-height: 1.25"> <br>
    </div>
    <div style="text-align: center; text-indent: -36pt; margin-left: 36pt; line-height: 1.25; font-weight: bold;">VALUE BASE FUND MANAGEMENT LTD.</div>
    <div style="line-height: 1.25">&#160;</div>
    <div style="text-align: center; text-indent: -36pt; margin-left: 36pt; line-height: 1.25;">(the &#8220;<u>Company</u>&#8221;)</div>
    <div style="line-height: 1.25">&#160;</div>
    <div style="text-align: center; text-indent: -36pt; margin-left: 36pt; line-height: 1.25; font-weight: bold;">UNANIMOUS WRITTEN RESOLUTION OF THE BOARD OF DIRECTORS OF THE COMPANY</div>
    <div style="line-height: 1.25">&#160;</div>
    <div style="text-align: center; text-indent: -36pt; margin-left: 36pt; line-height: 1.25; font-weight: bold;">September 27, 2023</div>
    <div style="line-height: 1.25">&#160;</div>
    <div style="text-align: justify; line-height: 1.25;">The undersigned, comprising all the members of the Board of Directors of the Company, in lieu of meeting, pursuant to the Articles of
      Association of the Company and waiving any prior notice requirements, do hereby consent in writing as follows:</div>
    <div style="line-height: 1.25">&#160;</div>
    <div style="text-align: justify; line-height: 1.25;">It is hereby <font style="font-weight: bold;">RESOLVED</font>&#160;<font style="font-weight: bold;">THAT:</font></div>
    <div style="line-height: 1.25">&#160;</div>
    <table cellspacing="0" cellpadding="0" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

        <tr>
          <td style="width: 18pt;"><br>
          </td>
          <td style="width: 36pt; vertical-align: top; font-family: 'Times New Roman',Times,serif;">1.</td>
          <td style="width: auto; vertical-align: top; text-align: justify;">
            <div>Any two of the following persons, Ido Nouberger, Victor Shamrich, Tal Yaacobi, acting jointly, are hereby authorized to:</div>
          </td>
        </tr>

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

        <tr>
          <td style="width: 54pt;"><br>
          </td>
          <td style="width: 36pt; vertical-align: top; font-family: 'Times New Roman',Times,serif;">a.</td>
          <td style="width: auto; vertical-align: top; text-align: justify;">
            <div>execute for and on behalf of the Company, in the Company's capacity as a beneficial owner of securities, including in its capacity as the management company of Value
              Base Fund Limited Partnership (&#8220;<u>VBF</u>&#8221;) any by the powers granted to it by the General Partner of VBF, or otherwise: (i) Forms 3, 4 and 5 and any other
              forms required to be filed in accordance with Section&#160;16(a) of the Securities Exchange Act of 1934 (the &#8220;<u>Exchange Act</u>&#8221;) and the rules thereunder (a &#8220;<u>Section&#160;16 Form</u>&#8221;), (ii) all forms and schedules in accordance with Section&#160;13(d) of the Exchange Act and the rules thereunder, including all amendments
              thereto (a &#8220;<u>Section&#160;13 Schedule</u>&#8221;), (iii)&#160;any joint filing agreement or similar agreement with respect to the filing of any of the Section 16 Forms or
              Section 13 Schedules in clauses (i)&#160;through (ii) above; and</div>
          </td>
        </tr>

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

        <tr>
          <td style="width: 54pt;"><br>
          </td>
          <td style="width: 36pt; vertical-align: top; font-family: 'Times New Roman',Times,serif;">b.</td>
          <td style="width: auto; vertical-align: top; text-align: justify;">
            <div>perform any and all other acts which in his discretion are necessary or desirable for and on behalf of the Company in connection with the foregoing.</div>
          </td>
        </tr>

    </table>
    <div style="line-height: 1.25">&#160;</div>
    <div style="text-align: justify; line-height: 1.25;"><font style="font-weight: bold;">IN WITNESS WHEREOF</font>, it has been
      resolved as of the date appearing above.</div>
    <div style="line-height: 1.25">&#160;</div>
    <div style="line-height: 1.25">
      <div style="line-height: 1.25;">
        <div style="line-height: 1.25">
          <div>
            <table cellspacing="0" cellpadding="0" border="0" style="width: 100%; font-family: 'Times New Roman', Times, serif; font-size: 10pt;">

                <tr>
                  <td valign="top" align="left" style="width: 18%; padding-bottom: 2px;" colspan="1">&#160;</td>
                  <td valign="top" align="left" style="width: 24%; border-bottom: 2px solid rgb(0, 0, 0);">/s/ <font style="font-family: 'Times New Roman',Times,serif;">Ido Nouberger</font></td>
                  <td valign="top" style="width: 16%; padding-bottom: 2px;"><br>
                  </td>
                  <td valign="top" align="left" style="width: 24%; border-bottom: 2px solid rgb(0, 0, 0);">/s/ <font style="font-family: 'Times New Roman',Times,serif;">Victor Shamrich</font></td>
                  <td valign="top" style="width: 18%; padding-bottom: 2px;">&#160;</td>
                </tr>
                <tr>
                  <td valign="top" align="left" style="width: 18%;" colspan="1">&#160;</td>
                  <td valign="top" align="left" style="width: 24%;"><font style="font-family: 'Times New Roman',Times,serif;">Name: Ido Nouberger</font></td>
                  <td valign="top" style="width: 16%;"><br>
                  </td>
                  <td valign="top" align="left" style="width: 24%;"><font style="font-family: 'Times New Roman',Times,serif;">Name: Victor Shamrich</font></td>
                  <td valign="top" style="width: 18%;">&#160;</td>
                </tr>
                <tr>
                  <td valign="top" align="justify" style="width: 18%;" colspan="1"><br>
                  </td>
                  <td valign="top" align="justify" style="width: 24%;"><font style="font-family: 'Times New Roman',Times,serif;">Title: </font>Director</td>
                  <td valign="top" style="width: 16%;"><br>
                  </td>
                  <td valign="top" align="justify" style="width: 24%;"><font style="font-family: 'Times New Roman',Times,serif;">Title: </font>Director</td>
                  <td valign="top" style="width: 18%;">&#160;</td>
                </tr>

            </table>
            <div><br>
            </div>
          </div>
        </div>
      </div>
    </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>
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</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
