<SEC-DOCUMENT>0001178913-20-003236.txt : 20201123
<SEC-HEADER>0001178913-20-003236.hdr.sgml : 20201123
<ACCEPTANCE-DATETIME>20201123095926
ACCESSION NUMBER:		0001178913-20-003236
CONFORMED SUBMISSION TYPE:	6-K
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20201123
FILED AS OF DATE:		20201123
DATE AS OF CHANGE:		20201123

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			GILAT SATELLITE NETWORKS LTD
		CENTRAL INDEX KEY:			0000897322
		STANDARD INDUSTRIAL CLASSIFICATION:	RADIO & TV BROADCASTING & COMMUNICATIONS EQUIPMENT [3663]
		IRS NUMBER:				000000000
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		6-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-21218
		FILM NUMBER:		201334600

	BUSINESS ADDRESS:	
		STREET 1:		C/O GILAT SATELLITE NETWORKS INC
		STREET 2:		1651 OLD MEADOW RD
		CITY:			MCLEAN
		STATE:			VA
		ZIP:			22102
		BUSINESS PHONE:		7037349401

	MAIL ADDRESS:	
		STREET 1:		GILAT HOUSE YEGIA KAPAYIM STREET
		STREET 2:		DANIV PARK
		CITY:			KIRYAT ARYE PETAH TI
		STATE:			L3
		ZIP:			00000
</SEC-HEADER>
<DOCUMENT>
<TYPE>6-K
<SEQUENCE>1
<FILENAME>zk2025192.htm
<DESCRIPTION>6-K
<TEXT>
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    <div style="text-align: center; line-height: 1.25;"> <br>
    </div>
    <div style="text-align: center; line-height: 1.25; font-family: 'Times New Roman',Times,serif; font-size: 14pt; font-weight: bold;">FORM 6 &#8211; K</div>
    <div style="line-height: 1.25;"><br style="line-height: 1.25;">
    </div>
    <div style="text-align: center; line-height: 1.25; font-family: 'Times New Roman',Times,serif; font-size: 14pt; font-weight: bold;">SECURITIES AND EXCHANGE COMMISSION</div>
    <div style="line-height: 1.25;"><br style="line-height: 1.25;">
    </div>
    <div style="text-align: center; line-height: 1.25;">Washington, D.C. 20549</div>
    <div style="line-height: 1.25;"><br style="line-height: 1.25;">
    </div>
    <div style="text-align: center; line-height: 1.25;">Report on Foreign Issuer</div>
    <div style="line-height: 1.25;"><br style="line-height: 1.25;">
    </div>
    <div style="text-align: center; line-height: 1.25;">Pursuant to Rule 13a &#8211; 16 or 15d &#8211; 16</div>
    <div style="text-align: center; line-height: 1.25;">of the Securities Exchange Act of 1934</div>
    <div style="line-height: 1.25;"><br style="line-height: 1.25;">
    </div>
    <div style="text-align: center; line-height: 1.25;">For the Month of November, 2020</div>
    <div style="line-height: 1.25;"><br style="line-height: 1.25;">
    </div>
    <div style="text-align: center; line-height: 1.25; font-family: 'Times New Roman',Times,serif; font-size: 16pt; font-weight: bold;"><u>Gilat Satellite Networks Ltd.</u></div>
    <div style="text-align: center; line-height: 1.25;">(Translation of Registrant&#8217;s Name into English)</div>
    <div style="line-height: 1.25;"><br style="line-height: 1.25;">
    </div>
    <div style="text-align: center; line-height: 1.25;">Gilat House, Yegia Kapayim Street</div>
    <div style="text-align: center; line-height: 1.25;">Daniv Park, Kiryat Arye, Petah Tikva, Israel</div>
    <div style="text-align: center; line-height: 1.25;">(Address of Principal Corporate Offices)</div>
    <div style="line-height: 1.25;"><br style="line-height: 1.25;">
    </div>
    <div style="line-height: 1.25;">Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F.</div>
    <div style="line-height: 1.25;"><br style="line-height: 1.25;">
    </div>
    <div style="text-align: center; line-height: 1.25;">Form 20-F &#9746;&#160;&#160;&#160;&#160;&#160;&#160; Form 40-F &#9744;</div>
    <div style="line-height: 1.25;"><br style="line-height: 1.25;">
    </div>
    <div style="line-height: 1.25;">Indicate by check mark whether the registrant by furnishing the information contained in this form is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act
      of 1934.</div>
    <div style="line-height: 1.25;"><br style="line-height: 1.25;">
    </div>
    <div style="text-align: center; line-height: 1.25;">Yes &#9744;&#160;&#160;&#160;&#160;&#160;&#160; No &#9746;</div>
    <div style="line-height: 1.25;"><br style="line-height: 1.25;">
    </div>
    <div style="line-height: 1.25;">If &#8220;Yes&#8221; is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b):&#160;&#160; <u>N/A</u></div>
    <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" id="DSPFPageBreakArea">
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    <div style="line-height: 1.25;"><br style="line-height: 1.25;">
    </div>
    <div style="line-height: 1.25;">Attached hereto and incorporated by reference herein is Registrant's proxy statement and proxy card to shareholders dated November 23, 2020.</div>
    <div style="line-height: 1.25;"><br style="line-height: 1.25;">
    </div>
    <div style="text-align: center; line-height: 1.25;">Signature</div>
    <div style="line-height: 1.25;"><br style="line-height: 1.25;">
    </div>
    <div style="line-height: 1.25;">Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this Report to be signed on its behalf by the undersigned, thereunto duly authorized.</div>
    <div style="line-height: 1.25;"><br style="line-height: 1.25;">
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    <table cellspacing="0" cellpadding="0" border="0" id="zc50c633c0ffe4054a33e6959f63b3d5d" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

        <tr>
          <td style="width: 50%; vertical-align: top;">&#160;</td>
          <td style="width: 34%; vertical-align: top;">
            <div style="line-height: 1.25;">Gilat Satellite Networks Ltd.</div>
          </td>
          <td style="vertical-align: top;" colspan="2">&#160;</td>
        </tr>
        <tr>
          <td style="width: 50%; vertical-align: top;">&#160;</td>
          <td style="width: 34%; vertical-align: top;">
            <div style="line-height: 1.25;">(Registrant)</div>
          </td>
          <td style="vertical-align: top;" colspan="2">&#160;</td>
        </tr>
        <tr>
          <td style="width: 50%; vertical-align: top;">&#160;</td>
          <td style="width: 34%; vertical-align: top;">&#160;</td>
          <td style="vertical-align: top;" colspan="2">&#160;</td>
        </tr>
        <tr>
          <td style="width: 50%; vertical-align: top;">
            <div style="line-height: 1.25;">Dated November 23, 2020</div>
          </td>
          <td style="width: 34%; vertical-align: top;">
            <div style="line-height: 1.25;">By: <u> /s/ Yael Shofar</u></div>
          </td>
          <td style="vertical-align: top;" colspan="2">&#160;</td>
        </tr>
        <tr>
          <td style="width: 50%; vertical-align: top;">&#160;</td>
          <td style="width: 34%; vertical-align: top;">
            <div style="line-height: 1.25; font-family: 'Times New Roman',Times,serif;">&#160;&#160;&#160;&#160;&#160; Yael Shofar</div>
          </td>
          <td style="vertical-align: top;" colspan="2">&#160;</td>
        </tr>
        <tr>
          <td style="width: 50%; vertical-align: top;" rowspan="1">&#160;</td>
          <td style="width: 34%; vertical-align: top;" rowspan="1">
            <div style="line-height: 1.25; font-family: 'Times New Roman',Times,serif;">&#160;&#160;&#160;&#160;&#160; General Counsel</div>
          </td>
          <td style="vertical-align: top;" colspan="2" rowspan="1">&#160;</td>
        </tr>

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    <div style="line-height: 1.25;">
      <div style="text-align: center; line-height: 1.25; font-weight: bold;">GILAT SATELLITE NETWORKS LTD.</div>
      <div style="line-height: 1.25;"><br style="line-height: 1.25;">
      </div>
      <div style="text-align: center; line-height: 1.25; font-weight: bold;">Gilat House</div>
      <div style="text-align: center; line-height: 1.25; font-weight: bold;">21 Yegia Kapayim St.</div>
      <div style="text-align: center; line-height: 1.25; font-weight: bold;">Kiryat Arye</div>
      <div style="text-align: center; line-height: 1.25; font-weight: bold;">Petah Tikva 4913020, Israel</div>
      <div style="text-align: center; line-height: 1.25; font-weight: bold;">____________________</div>
      <div style="line-height: 1.25;"><br style="line-height: 1.25;">
      </div>
      <div style="text-align: center; line-height: 1.25; font-weight: bold;">NOTICE OF ANNUAL GENERAL MEETING OF SHAREHOLDERS</div>
      <div style="line-height: 1.25;"><br style="line-height: 1.25;">
      </div>
      <div style="text-align: center; line-height: 1.25; font-weight: bold;">To be held on December 28, 2020</div>
      <div style="line-height: 1.25;"><br style="line-height: 1.25;">
      </div>
      <div style="text-align: justify; line-height: 1.25;">To our Shareholders:</div>
      <div style="line-height: 1.25;"><br style="line-height: 1.25;">
      </div>
      <div style="text-align: justify; text-indent: 35.45pt; line-height: 1.25;">We cordially invite you to the Annual&#160;General Meeting of Shareholders of Gilat Satellite Networks Ltd. (the &#8220;<font style="font-weight: bold;">Company</font>&#8221;) to be held at
        the offices of the Company at 21 Yegia Kapayim Street, Kiryat Arye, Petah Tikva 4913020, Israel, on December 28, 2020 at 2 p.m. Israel time for the following purposes (the &#8220;<font style="font-weight: bold;">Meeting</font>&#8221;):</div>
      <div style="text-align: justify; line-height: 1.25;"><br style="line-height: 1.25;">
      </div>
      <div>
        <table cellspacing="0" cellpadding="0" id="zcdfd885406044adaafcb281f0d75fe3c" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

            <tr>
              <td style="width: 72pt; vertical-align: top; align: right;">
                <div style="margin-left: 54pt; line-height: 1.25;">1.</div>
              </td>
              <td style="width: auto; vertical-align: top;">
                <div style="text-align: justify; line-height: 1.25;">to re-elect six members of the Board of Directors to serve until our next annual general meeting of shareholders and until their successors have been duly elected and qualified;</div>
              </td>
            </tr>

        </table>
      </div>
      <div style="line-height: 1.25;"><br style="line-height: 1.25;">
      </div>
      <div>
        <table cellspacing="0" cellpadding="0" id="zc85eb82a5fa9414e9be57fc237af9923" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

            <tr>
              <td style="width: 72pt; vertical-align: top; align: right;">
                <div style="margin-left: 54pt; line-height: 1.25;">2.</div>
              </td>
              <td style="width: auto; vertical-align: top;">
                <div style="text-align: justify; line-height: 1.25;">to elect Mr. Ami Shafran to serve as an external director for a three-year term;</div>
              </td>
            </tr>

        </table>
      </div>
      <div style="line-height: 1.25;"><br style="line-height: 1.25;">
      </div>
      <div>
        <table cellspacing="0" cellpadding="0" id="z3da1d0371d5545c99732dc7c8eacb5d5" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

            <tr>
              <td style="width: 72pt; vertical-align: top; align: right;">
                <div style="margin-left: 54pt; line-height: 1.25;">3.</div>
              </td>
              <td style="width: auto; vertical-align: top;">
                <div style="text-align: justify; line-height: 1.25;">subject to his election under Item 2, to approve a grant of options to Mr. Shafran&#894;</div>
              </td>
            </tr>

        </table>
      </div>
      <div style="line-height: 1.25;"><br style="line-height: 1.25;">
      </div>
      <div>
        <table cellspacing="0" cellpadding="0" id="zf450781324364257ac5bde4901a96bc0" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

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              <td style="width: 72pt; vertical-align: top; align: right;">
                <div style="margin-left: 54pt; line-height: 1.25;">4.</div>
              </td>
              <td style="width: auto; vertical-align: top;">
                <div style="text-align: justify; line-height: 1.25;">to amend the Company&#8217;s compensation policy for directors and officers;</div>
              </td>
            </tr>

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      </div>
      <div style="line-height: 1.25;"><br style="line-height: 1.25;">
      </div>
      <div>
        <table cellspacing="0" cellpadding="0" id="zaa0e72af80e44380a4468528c8f9a117" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

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              <td style="width: 72pt; vertical-align: top; align: right;">
                <div style="margin-left: 54pt; line-height: 1.25;">5.</div>
              </td>
              <td style="width: auto; vertical-align: top;">
                <div style="text-align: justify; line-height: 1.25;">to approve the terms of service and compensation of the Chief Executive Officer of the Company;</div>
              </td>
            </tr>

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      </div>
      <div style="line-height: 1.25;"><br style="line-height: 1.25;">
      </div>
      <div>
        <table cellspacing="0" cellpadding="0" id="z8867a8fc867c4907931b6d3fb1c397ba" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

            <tr>
              <td style="width: 72pt; vertical-align: top; align: right;">
                <div style="margin-left: 54pt; line-height: 1.25;">6.</div>
              </td>
              <td style="width: auto; vertical-align: top;">
                <div style="text-align: justify; line-height: 1.25;">to extend the term of the Company&#8217;s existing indemnification agreements with two Company directors who are affiliated with the Company&#8217;s controlling shareholders, certain limited
                  partnerships managed by FIMI IV 2007 Ltd. and by FIMI FIVE 2012 Ltd., for a three-year period; and</div>
              </td>
            </tr>

        </table>
      </div>
      <div style="line-height: 1.25;"><br style="line-height: 1.25;">
      </div>
      <div>
        <table cellspacing="0" cellpadding="0" id="zaa4ec66724b2406bb3e8512ea1333871" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

            <tr>
              <td style="width: 72pt; vertical-align: top; align: right;">
                <div style="margin-left: 54pt; line-height: 1.25;">7.</div>
              </td>
              <td style="width: auto; vertical-align: top;">
                <div style="text-align: justify; line-height: 1.25;">to ratify and approve the reappointment and compensation of Kost Forer Gabbay &amp; Kasierer, a member of Ernst &amp; Young Global, as our independent registered public accountants for
                  the fiscal year ending December 31, 2020, and for such additional period until the next annual general meeting of shareholders.</div>
              </td>
            </tr>

        </table>
      </div>
      <div style="text-align: justify; line-height: 1.25;"><br style="line-height: 1.25;">
      </div>
      <div style="text-align: justify; text-indent: 36pt; line-height: 1.25;">In addition, our consolidated financial statements for the year ended December 31, 2019 will be received and considered at the Meeting.</div>
      <div style="line-height: 1.25;"><br style="line-height: 1.25;">
      </div>
      <div style="text-align: justify; line-height: 1.25;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; Our Board of Directors recommends that you vote &#8220;<font style="font-weight: bold;">FOR</font>&#8221; all proposals under Items 1 through 7, which are described in the attached Proxy
        Statement.</div>
      <div style="line-height: 1.25;"><br style="line-height: 1.25;">
      </div>
      <div style="text-align: justify; text-indent: 35.45pt; line-height: 1.25;">Shareholders of record at the close of business on November 30, 2020 (the &#8220;<font style="font-weight: bold;">Record Date</font>&#8221;), are entitled to notice of and to vote at the
        Meeting and any adjournments thereof. You can vote either by mailing in your proxy or in person by attending the Meeting. Only proxies that are received at the offices of the Company at 21 Yegia Kapayim Street, Kiryat Arye, Petah Tikva 4913020,
        Israel, no later than 10 a.m. Israel time, on December 28, 2020, will be deemed received in a timely fashion and the votes therein recorded. If you attend the Meeting, you can revoke your proxy and vote your shares in person. Detailed proxy voting
        instructions are provided both in the proxy statement and on the enclosed proxy card. Shareholders who hold shares through members of the Tel Aviv Stock Exchange may also vote electronically via the electronic voting system of the Israel Securities
        Authority up to six hours before the time fixed for the Meeting.</div>
      <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" id="DSPFPageBreakArea">
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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>
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      <div style="line-height: 1.25;"><br style="line-height: 1.25;">
      </div>
      <div style="text-align: justify; text-indent: 35.45pt; line-height: 1.25;">In light of the recent outbreak of the coronavirus (COVID-19) pandemic, the Company&#160; reserves the option to convert the Meeting from a physical meeting to a virtual meeting at
        a later date. In such event, the Company will issue a press release and furnish a Form 6-K or other document with the SEC prior to the date of the Meeting outlining the manner in which shareholders may attend the virtual meeting.</div>
      <div style="line-height: 1.25;"><br style="line-height: 1.25;">
      </div>
      <div style="text-align: justify; text-indent: 35.45pt; line-height: 1.25;">You should receive instructions about electronic voting from the Tel Aviv Stock Exchange member through which you hold your shares. Shareholders may send the Company position
        papers no later than December 18, 2020, and the last date for submitting a request to include a proposal in accordance with Section 66(b) of the Israeli Companies Law, 5759-1999 (the &#8220;<font style="font-weight: bold;">ICL</font>&#8221;)) is November 30,
        2020.&#160;</div>
      <div style="line-height: 1.25;"><br style="line-height: 1.25;">
      </div>
      <div style="text-align: justify; text-indent: 35.45pt; line-height: 1.25;">According to Israel&#8217;s Companies Law Regulations (Confirmation of Ownership of Shares for Voting at the General Meeting), 2000, if a shareholder holds shares through a member
        of the Tel-Aviv Stock Exchange Ltd. (TASE Member) and the ordinary shares are registered in the name of such TASE Member on the books of our registration company, the shareholder may provide the Company, prior to the meeting, with a certification
        confirming his ownership of the ordinary shares on the record date. Such certification may be obtained at the TASE Member&#8217;s offices or may be sent to the shareholder by mail (subject to payment of the cost of mailing), at the election of the
        shareholder; provided that the shareholder&#8217;s request is submitted with respect to a specific securities account.</div>
      <div style="text-align: justify; text-indent: 35.45pt; line-height: 1.25;"> <br>
      </div>
      <div style="text-align: justify; text-indent: 36pt; line-height: 1.25;">Pursuant to the Company&#8217;s Articles of Association, the quorum required for the General Meeting consists of at least two shareholders present, in person or by proxy, who hold or
        represent between them at least 25% of the Company&#8217;s issued and outstanding share capital.</div>
      <div style="line-height: 1.25;"><br style="line-height: 1.25;">
      </div>
      <div style="text-align: justify; text-indent: 36pt; line-height: 1.25;">The approval of each of the proposals in Items No. 1 through 7 require the affirmative vote of a majority of the ordinary shares present, in person or by proxy, and voting on
        such proposal (not taking into consideration abstentions).&#160; In addition, in order to approve Items 2, 4, 5 and 6, the shareholders&#8217; approval must either (i) include at least a majority of the ordinary shares voted by shareholders who are not
        controlling shareholders (within the meaning of the ICL) and who are not shareholders who have a personal interest (within the meaning of the ICL) in the approval of such proposal, not taking into consideration abstentions, or (ii) be obtained such
        that the total ordinary shares of non-controlling shareholders and non-interested shareholders voted against such proposal do not represent more than two percent of the outstanding ordinary shares.</div>
      <div style="line-height: 1.25;"><br style="line-height: 1.25;">
      </div>
      <div style="text-align: justify; text-indent: 35.45pt; line-height: 1.25;">Shareholders may also review the proxy statement at our principal executive offices stated above, upon prior notice and during regular working hours (telephone number:
        +972-925-2166) until the date of the Meeting. Copies of this notice, the proxy statement and the proxy card for the meeting will also be available at the following websites: <u>www.edgar.gov</u>, <u>http://www.tase.co.il/tase/</u>, <u>http://www.magna.isa.gov.il</u>
        (the distribution sites), and <u>http://www.gilat.com</u>.</div>
      <div style="line-height: 1.25;"><br style="line-height: 1.25;">
      </div>
      <div style="line-height: 1.25;">
        <table cellspacing="0" cellpadding="0" border="0" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; color: #000000; width: 100%;" id="z572d2d9a2f904922a26da723b8f31d50">

            <tr>
              <td style="width: 50.00%;">
                <div>&#160;</div>
              </td>
              <td style="width: 50%;">
                <div>
                  <div style="text-align: justify; line-height: 1.25; font-family: 'Times New Roman',Times,serif;">By Order of the Board of Directors,</div>
                  <div style="text-align: justify; line-height: 1.25; font-family: 'Times New Roman',Times,serif;">Dov Baharav, Chairman of the Board of Directors</div>
                </div>
              </td>
            </tr>

        </table>
      </div>
      <div style="line-height: 1.25;"><br style="line-height: 1.25;">
      </div>
      <div style="line-height: 1.25;">November 23, 2020</div>
      <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" id="DSPFPageBreakArea">
        <div style="text-align: center;" id="DSPFPageNumberArea"><font style="color: #000000; font-weight: normal; font-style: normal;" id="DSPFPageNumber">ii</font></div>
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      <div style="text-align: center; line-height: 1.25; font-weight: bold;">GILAT SATELLITE NETWORKS LTD.</div>
      <div style="text-align: center; line-height: 1.25; font-weight: bold;">Gilat House</div>
      <div style="text-align: center; line-height: 1.25; font-weight: bold;">21 Yegia Kapayim St.</div>
      <div style="text-align: center; line-height: 1.25; font-weight: bold;">Kiryat Arye</div>
      <div style="line-height: 1.25;">
        <div style="text-align: center; line-height: 1.25; font-weight: bold;">
          <div>Petah Tikva 4913020, Israel </div>
          <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="line-height: 1.25;"><br style="line-height: 1.25;">
      </div>
      <div style="text-align: center; line-height: 1.25; font-weight: bold;">PROXY STATEMENT</div>
      <div style="line-height: 1.25;"><br style="line-height: 1.25;">
      </div>
      <div style="text-align: center; line-height: 1.25; font-weight: bold;">ANNUAL GENERAL MEETING OF SHAREHOLDERS</div>
      <div style="text-align: center; line-height: 1.25; font-weight: bold;">To be held on December 28, 2020</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 Proxy Statement is furnished to the holders of ordinary shares of Gilat Satellite Networks Ltd. (&#8220;<font style="font-weight: bold;">Gilat</font>&#8221;, &#8220;<font style="font-weight: bold;">we</font>&#8221;, &#8220;<font style="font-weight: bold;">our</font>&#8221; or the &#8220;<font style="font-weight: bold;">Company</font>&#8221;) in connection with the solicitation of proxies by the Board of Directors of the Company for use at the Annual General
        Meeting of Shareholders of the Company to be held at the offices of the Company at 21 Yegia Kapayim Street, Kiryat Arye, Petah Tikva, Israel, on December 28, 2020, at 2 p.m. Israel time, and at any adjournment thereof, pursuant to the accompanying
        Notice of our 2020 Annual General Meeting of Shareholders (the &#8220;<font style="font-weight: bold;">Meeting</font>&#8221;).</div>
      <div style="line-height: 1.25;"><br style="line-height: 1.25;">
      </div>
      <div style="text-align: justify; text-indent: 36pt; line-height: 1.25;">The Notice of Meeting, this Proxy Statement and the enclosed Proxy Card are being mailed to our shareholders on or about December 1, 2020.</div>
      <div style="line-height: 1.25;"><br style="line-height: 1.25;">
      </div>
      <div style="line-height: 1.25; font-weight: bold;">Purpose of the Annual General Meeting</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;">At the Meeting, our shareholders will be asked to vote upon the following matters:</div>
      <div style="line-height: 1.25;"><br style="line-height: 1.25;">
      </div>
      <div>
        <table cellspacing="0" cellpadding="0" id="zc52963ace24b41b4a38deb1b544b6ba1" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

            <tr>
              <td style="width: 72pt; vertical-align: top; align: right;">
                <div style="margin-left: 54pt; line-height: 1.25;">1.</div>
              </td>
              <td style="width: auto; vertical-align: top;">
                <div style="text-align: justify; line-height: 1.25;">to re-elect six members of the Board of Directors to serve until our next annual general meeting of shareholders and until their successors have been duly elected and qualified;</div>
              </td>
            </tr>

        </table>
      </div>
      <div style="line-height: 1.25;"><br style="line-height: 1.25;">
      </div>
      <div>
        <table cellspacing="0" cellpadding="0" id="z34a444c4a81748e4bf4e73129a77ed9c" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

            <tr>
              <td style="width: 72pt; vertical-align: top; align: right;">
                <div style="margin-left: 54pt; line-height: 1.25;">2.</div>
              </td>
              <td style="width: auto; vertical-align: top;">
                <div style="text-align: justify; line-height: 1.25;">to elect Mr. Ami Shafran to serve as an external director for a three-year term;</div>
              </td>
            </tr>

        </table>
      </div>
      <div style="line-height: 1.25;"><br style="line-height: 1.25;">
      </div>
      <div>
        <table cellspacing="0" cellpadding="0" id="z15f19e223bbb4e589d0faa2de1389afe" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

            <tr>
              <td style="width: 72pt; vertical-align: top; align: right;">
                <div style="margin-left: 54pt; line-height: 1.25;">3.</div>
              </td>
              <td style="width: auto; vertical-align: top;">
                <div style="text-align: justify; line-height: 1.25;">subject to his election under Item 2, to approve a grant of options to Mr. Shafran&#894;</div>
              </td>
            </tr>

        </table>
      </div>
      <div style="line-height: 1.25;"><br style="line-height: 1.25;">
      </div>
      <div>
        <table cellspacing="0" cellpadding="0" id="z796b41fcd9f4421aa48134ecbcf7fcd0" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

            <tr>
              <td style="width: 72pt; vertical-align: top; align: right;">
                <div style="margin-left: 54pt; line-height: 1.25;">4.</div>
              </td>
              <td style="width: auto; vertical-align: top;">
                <div style="text-align: justify; line-height: 1.25;">to amend the Company&#8217;s compensation policy for directors and officers;</div>
              </td>
            </tr>

        </table>
      </div>
      <div style="line-height: 1.25;"><br style="line-height: 1.25;">
      </div>
      <div>
        <table cellspacing="0" cellpadding="0" id="z1ba03657d2d44bf8bd6c01f6b042bc7d" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

            <tr>
              <td style="width: 72pt; vertical-align: top; align: right;">
                <div style="margin-left: 54pt; line-height: 1.25;">5.</div>
              </td>
              <td style="width: auto; vertical-align: top;">
                <div style="text-align: justify; line-height: 1.25;">to approve the terms of service and compensation of the Chief Executive Officer of the Company;</div>
              </td>
            </tr>

        </table>
      </div>
      <div style="line-height: 1.25;"><br style="line-height: 1.25;">
      </div>
      <div>
        <table cellspacing="0" cellpadding="0" id="zf7a2de8ddb304786addccbb710f2fcc8" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

            <tr>
              <td style="width: 72pt; vertical-align: top; align: right;">
                <div style="margin-left: 54pt; line-height: 1.25;">6.</div>
              </td>
              <td style="width: auto; vertical-align: top;">
                <div style="text-align: justify; line-height: 1.25;">to extend the term of the Company&#8217;s existing indemnification agreements with two Company directors who are affiliated with the Company&#8217;s controlling shareholders, certain limited
                  partnerships managed by FIMI IV 2007 Ltd. and by FIMI FIVE 2012 Ltd., for a three-year period; and</div>
              </td>
            </tr>

        </table>
      </div>
      <div style="line-height: 1.25;"><br style="line-height: 1.25;">
      </div>
      <div>
        <table cellspacing="0" cellpadding="0" id="zaa23dd2fc7e1426ab474e3f242dd7317" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

            <tr>
              <td style="width: 72pt; vertical-align: top; align: right;">
                <div style="margin-left: 54pt; line-height: 1.25;">7.</div>
              </td>
              <td style="width: auto; vertical-align: top;">
                <div style="text-align: justify; line-height: 1.25;">to ratify and approve the reappointment and compensation of Kost Forer Gabbay &amp; Kasierer, a member of Ernst &amp; Young Global, as our independent registered public accountants for
                  the fiscal year ending December 31, 2020, and for such additional period until the next annual general meeting of shareholders.</div>
              </td>
            </tr>

        </table>
      </div>
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      </div>
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      <div style="line-height: 1.25;"><br style="line-height: 1.25;">
      </div>
      <div style="text-align: justify; line-height: 1.25; font-weight: bold;">Voting at the Meeting</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;">Only holders of record of our ordinary shares, nominal value NIS 0.20 per share, as of the close of business on November 30, 2020 are entitled to notice of, and to vote at the
        Meeting.&#160; Shareholders can vote their ordinary shares at the Meeting in person or by proxy:</div>
      <div style="line-height: 1.25;"><br style="line-height: 1.25;">
      </div>
      <div>
        <table cellspacing="0" cellpadding="0" id="z87e58672b45a479d8ce136b11a4d2769" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

            <tr>
              <td style="width: 36pt; vertical-align: top; align: right;">
                <div style="margin-left: 18pt; line-height: 1.25;">&#8226;</div>
              </td>
              <td style="width: auto; vertical-align: top;">
                <div style="text-align: justify; line-height: 1.25;"><font style="font-weight: bold;">Voting in Person</font>.&#160; If your shares are registered directly in your name with our transfer agent (i.e. you are a &#8220;registered shareholder&#8221;), you may
                  attend and vote in person at the Meeting.&#160; If you are a beneficial owner of shares registered in the name of your broker, bank, trustee or nominee (i.e. your shares are held in &#8220;street name&#8221;), you are also invited to attend the Meeting;
                  however, to vote in person at the Meeting as a beneficial owner, you must first obtain a &#8220;legal proxy&#8221; from your broker, bank, trustee or nominee, as the case may be, authorizing you to do so.</div>
              </td>
            </tr>

        </table>
      </div>
      <div style="line-height: 1.25;"><br style="line-height: 1.25;">
      </div>
      <div>
        <table cellspacing="0" cellpadding="0" id="z182470a49ff54584a4a10fc4289b3e20" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

            <tr>
              <td style="width: 36pt; vertical-align: top; align: right;">
                <div style="margin-left: 18pt; line-height: 1.25;">&#8226;</div>
              </td>
              <td style="width: auto; vertical-align: top;">
                <div style="text-align: justify; line-height: 1.25;"><font style="font-weight: bold;">Voting by Proxy.</font>&#160; You may submit your proxy by mail by completing, signing and mailing the enclosed proxy card in the enclosed, postage-paid
                  envelope, or, for shares held in street name, by following the voting instructions provided by your broker, bank, trustee or nominee.&#160; The proxy must be received by our transfer agent or at our registered office in Israel by no later than
                  10 a.m. Israel time, on December 28, 2020, to be validly included in the tally of ordinary shares voted at the Meeting.&#160; Upon the receipt of a properly signed and dated proxy in the form enclosed, the persons named as proxies therein will
                  vote the ordinary shares represented thereby in accordance with the instructions of the shareholder indicated thereon, or, if no direction is indicated, in accordance with the recommendations of our Board of Directors.</div>
              </td>
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        </table>
      </div>
      <div style="line-height: 1.25;"><br style="line-height: 1.25;">
      </div>
      <div>
        <table cellspacing="0" cellpadding="0" id="z1480249446e94cc08ac3aee228a5629c" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

            <tr>
              <td style="width: 36pt; vertical-align: top; align: right;">
                <div style="margin-left: 18pt; line-height: 1.25;">&#8226;</div>
              </td>
              <td style="width: auto; vertical-align: top;">
                <div style="text-align: justify; line-height: 1.25;"><font style="font-weight: bold;">Shares Traded on TASE.</font> Shareholders who hold shares through members of the TASE may vote in person or vote through the enclosed form of proxy by
                  completing, signing, dating and mailing the proxy with a copy of their identity card, passport or certificate of incorporation, as the case may be, to the Company&#8217;s offices.&#160; Shareholders who hold shares through members of the TASE and
                  intend to vote their shares either in person or by proxy must deliver to the Company an ownership certificate confirming their ownership of the Company&#8217;s shares on the Record Date, which must be certified by a recognized financial
                  institution, as required by the Israeli Companies Regulations (Proof of Ownership of Shares for Voting at General Meeting) of 2000, as amended.&#160; Alternatively, shareholders who hold shares through members of the Tel Aviv Stock Exchange
                  may vote electronically via the electronic voting system of the Israel Securities Authority up to six hours before the time fixed for the Meeting. You should receive instructions about electronic voting from the Tel Aviv Stock Exchange
                  member through which you hold your shares.</div>
              </td>
            </tr>

        </table>
      </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;">In light of the recent outbreak of the coronavirus (COVID-19) pandemic, the Company reserves the option to convert the Meeting from a physical meeting to a virtual meeting at a
        later date. In such event, the Company will issue a press release and furnish a Form 6-K or other document with the SEC prior to the date of the Meeting outlining the manner in which shareholders may attend the virtual meeting.</div>
      <div style="line-height: 1.25;"><br style="line-height: 1.25;">
      </div>
      <div style="text-align: justify; line-height: 1.25; font-weight: bold;">Solicitation of Proxies</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;">We will bear all expenses of this solicitation. In addition to the solicitation of proxies by mail, our directors, officers and employees, without receiving additional
        compensation therefor, may solicit proxies by telephone, facsimile, in person or by other means. We may also engage a professional proxy solicitation firm, the costs of which will be borne by us.&#160; Brokerage firms, nominees, fiduciaries and other
        custodians have been requested to forward proxy solicitation materials to the beneficial owners of our ordinary shares held of record by such persons, and we will reimburse such brokerage firms, nominees, fiduciaries and other custodians for
        reasonable out&#8209;of&#8209;pocket expenses incurred by them in connection therewith.</div>
      <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" id="DSPFPageBreakArea">
        <div id="DSPFPageNumberArea" style="text-align: center;"><font id="DSPFPageNumber" style="color: #000000; font-weight: normal; font-style: normal;">2</font></div>
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      <div style="line-height: 1.25;"><br style="line-height: 1.25;">
      </div>
      <div style="text-align: justify; line-height: 1.25; font-weight: bold;">Revocation of Proxy</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;">If you are a registered shareholder, you may change your vote at any time prior to the exercise of authority granted in the proxy by delivering a timely written notice of
        revocation to our Corporate Secretary, by granting a new proxy bearing a later date, or by attending the Meeting and voting in person. Attendance at the Meeting will not cause your previously granted proxy to be revoked unless you specifically so
        request. If your shares are held in street name, you may change your vote by submitting new voting instructions to your broker, bank, trustee or nominee or, if you have obtained a legal proxy from your broker, bank, trustee or nominee giving you
        the right to vote your shares, by attending the Meeting and voting in person.</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;">Any written instrument revoking a proxy should be received, no later than 10 a.m., Israel time, on December 28, 2020, by Gilat Satellite Networks Ltd., c/o American Stock
        Transfer &amp; Trust Company, 6201 15<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">th</sup> Ave., Brooklyn, NY 11219 or at our registered office in Israel, 21 Yegia Kapayim St., Kiryat Arye, Petah Tikva 4913020, Israel.</div>
      <div style="line-height: 1.25;"><br style="line-height: 1.25;">
      </div>
      <div style="text-align: justify; line-height: 1.25; font-weight: bold;">Required Votes</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;">Each of our ordinary shares is entitled to one vote on each matter to be voted on at the Meeting.</div>
      <div style="line-height: 1.25;"><br style="line-height: 1.25;">
      </div>
      <div style="text-align: justify; text-indent: 35.45pt; line-height: 1.25;">The approval of each of the proposals in Items Nos. 1 through 7 require the affirmative vote of a majority of the ordinary shares present, in person or by proxy, and voting on
        such proposal (not taking into consideration abstentions).&#160; In addition, in order to approve Items 2 4, 5 and 6, the shareholders&#8217; approval must either (i) include at least a majority of the ordinary shares voted by shareholders who are not
        controlling shareholders (within the meaning of the ICL) and who are not shareholders who have a personal interest (within the meaning of the ICL) in the approval of such proposal, not taking into consideration abstentions, or (ii) be obtained such
        that the total ordinary shares of non-controlling shareholders and non-interested shareholders voted against such proposal do not represent more than two percent of the outstanding ordinary shares.</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;">In tabulating the voting result for any particular proposal, shares that constitute broker non-votes and abstentions are not considered votes cast on that proposal, but they will
        be counted to determine if a quorum is present. Unsigned or unreturned proxies, including those not returned by banks, brokers, or other record holders, will not be counted for voting purposes.</div>
      <div style="line-height: 1.25;"><br style="line-height: 1.25;">
      </div>
      <div style="text-align: justify; line-height: 1.25; font-weight: bold;">Quorum</div>
      <div style="line-height: 1.25;"><br style="line-height: 1.25;">
      </div>
      <div style="text-align: justify; text-indent: 36pt; line-height: 1.25;">The presence, in person or by properly executed proxy, of two or more shareholders, holding shares conferring in the aggregate at least 25% of the voting power of the Company, is
        necessary to constitute a quorum at the Meeting.&#160; If within one-half of an hour from the time appointed for the Meeting a quorum is not present, the Meeting will be adjourned to the same day in the next week, at the same time and place, or to such
        later day and at such other time and place as the Chairman of the Meeting may determine with the consent of a majority of the voting power present at the meeting, in person or by proxy, and voting on the question of adjournment.</div>
      <div style="line-height: 1.25;"><br style="line-height: 1.25;">
      </div>
      <div style="text-align: justify; line-height: 1.25; font-weight: bold;">Shares Outstanding</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;">As of November 16, 2020, the Company had 55,544,762 ordinary shares outstanding. American Stock Transfer &amp; Trust Company is the transfer agent and registrar for our ordinary
        shares.</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; font-weight: bold;">AFTER CAREFUL CONSIDERATION, OUR BOARD OF DIRECTORS HAS APPROVED ALL THE PROPOSALS DESCRIBED IN THIS PROXY STATEMENT AND RECOMMENDS THAT OUR SHAREHOLDERS VOTE
        &#8220;FOR&#8221; EACH OF THE NOMINEES FOR DIRECTOR NAMED IN THIS PROXY STATEMENT AND &#8220;FOR&#8221; EACH OF THE OTHER PROPOSALS SET FORTH IN THIS PROXY STATEMENT.</div>
      <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" id="DSPFPageBreakArea">
        <div id="DSPFPageNumberArea" style="text-align: center;"><font id="DSPFPageNumber" style="color: #000000; font-weight: normal; font-style: normal;">3</font></div>
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      </div>
      <div style="line-height: 1.25;"><br style="line-height: 1.25;">
      </div>
      <div style="text-align: center; line-height: 1.25; font-weight: bold;">ITEM I. RE-ELECTION OF DIRECTORS</div>
      <div style="text-align: center; line-height: 1.25;">(Item 1 on the Proxy Card)</div>
      <div style="line-height: 1.25">&#160;</div>
      <div style="text-align: justify; text-indent: 36pt; line-height: 1.25;">Each of our directors, with the exception of our external directors, serves from the annual general meeting in which he or she was appointed until the next annual general meeting
        and until that director&#8217;s successor is appointed, unless his or her office is earlier vacated under any relevant provision of the Articles of Association of the Company or the law.</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;">In accordance with Israeli law and practice, our Board of Directors is authorized to recommend to our shareholders director nominees for election. Accordingly, our Board has
        nominated the directors named below for re-election to our Board of Directors. We are unaware of any reason why any of the nominees, if elected, would be unable to serve as a director. Each of the nominees listed below has advised our Board of
        Directors that he or she intends to serve as director if elected.</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;">Our Board of Directors has nominated six of our current directors, Messrs. Dov Baharav, Amiram Boehm, Ishay Davidi, Aylon (Lonny) Rafaeli, Meir Shamir and Ms. Dafna Sharir for
        re-election. If re-elected at the Meeting, Mr. Baharav shall continue to serve as Chairman of the Board of Directors following the Meeting.</div>
      <div style="line-height: 1.25;"><br style="line-height: 1.25;">
      </div>
      <div style="text-align: justify; text-indent: 36pt; line-height: 1.25;">The Company has two additional directors who serve as the Company&#8217;s &#8220;external directors&#8221; in accordance with the ICL, Mr. Elyezer Shkedy whose term expires in June 2023, and Ms.
        Dafna Cohen, whose term of service expires on January 3, 2021. As set forth in Item No. 2, Mr. Ami Shafran is proposed to be elected at the Meeting as an external director for a three-year term, to succeed Ms. Cohen.</div>
      <div style="text-align: justify; text-indent: 36pt; line-height: 1.25;"><br style="line-height: 1.25;">
      </div>
      <div style="text-align: justify; text-indent: 36pt; line-height: 1.25;">In accordance with the ICL, each of the nominees for election to our Board of Directors (as well as&#160;our external directors and external director nominee) has certified to us that
        he or she meets all the requirements of the ICL for election as a director of a public company, and possesses the necessary qualifications and has sufficient time,&#160;to fulfill his or her duties as a director of the Company, taking into account the
        Company&#8217;s size and special needs.</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;">During the past year, all of our directors attended more than 75% of our Board of Directors meetings and all of our directors attended more than 75% of the meetings of each of
        the Committees of the Board of Directors on which they serve.</div>
      <div style="line-height: 1.25;"><br style="line-height: 1.25;">
      </div>
      <div style="text-align: justify; line-height: 1.25; font-weight: bold;">Nominees for the Board of Directors of the Company</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;">It is proposed that at the Meeting each of the following persons be elected to serve as a member of the Board of Directors of the Company until the next annual general meeting of
        shareholders and until their successors have been duly elected and qualified.</div>
      <div style="line-height: 1.25;"><br style="line-height: 1.25;">
      </div>
      <table cellspacing="0" cellpadding="0" border="0" align="center" id="z3b867c9e914740d8a879dd1cf36499a3" style="width: 40%; color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; text-align: left;">

          <tr>
            <td style="width: 68.01%; vertical-align: top;">
              <div style="text-align: justify; line-height: 1.25; font-weight: bold;"><u>Name</u></div>
            </td>
            <td style="width: 31.99%; vertical-align: top;">
              <div style="text-align: justify; line-height: 1.25; font-weight: bold;"><u>Age</u></div>
            </td>
          </tr>
          <tr>
            <td style="width: 68.01%; vertical-align: top;" rowspan="1">&#160;</td>
            <td style="width: 31.99%; vertical-align: top;" rowspan="1">&#160;</td>
          </tr>
          <tr>
            <td style="width: 68.01%; vertical-align: top;">
              <div style="line-height: 1.25;">Dov Baharav</div>
            </td>
            <td style="width: 31.99%; vertical-align: top;">
              <div style="text-align: justify; line-height: 1.25;">70</div>
            </td>
          </tr>
          <tr>
            <td style="width: 68.01%; vertical-align: top;">
              <div style="text-align: justify; line-height: 1.25;">Amiram Boehm</div>
            </td>
            <td style="width: 31.99%; vertical-align: top;">
              <div style="text-align: justify; line-height: 1.25;">49</div>
            </td>
          </tr>
          <tr>
            <td style="width: 68.01%; vertical-align: top;">
              <div style="text-align: justify; line-height: 1.25;">Ishay Davidi</div>
            </td>
            <td style="width: 31.99%; vertical-align: top;">
              <div style="text-align: justify; line-height: 1.25;">58</div>
            </td>
          </tr>
          <tr>
            <td style="width: 68.01%; vertical-align: top;">
              <div style="text-align: justify; line-height: 1.25;">Aylon (Lonny) Rafaeli</div>
            </td>
            <td style="width: 31.99%; vertical-align: top;">
              <div style="text-align: justify; line-height: 1.25;">67</div>
            </td>
          </tr>
          <tr>
            <td style="width: 68.01%; vertical-align: top;">
              <div style="text-align: justify; line-height: 1.25;">Meir Shamir</div>
            </td>
            <td style="width: 31.99%; vertical-align: top;">
              <div style="text-align: justify; line-height: 1.25;">69</div>
            </td>
          </tr>
          <tr>
            <td style="width: 68.01%; vertical-align: top;">
              <div style="text-align: justify; line-height: 1.25;">Dafna Sharir</div>
            </td>
            <td style="width: 31.99%; vertical-align: top;">
              <div style="text-align: justify; line-height: 1.25;">52</div>
            </td>
          </tr>

      </table>
      <div style="line-height: 1.25;"><br style="line-height: 1.25;">
      </div>
      <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" id="DSPFPageBreakArea">
        <div id="DSPFPageNumberArea" style="text-align: center;"><font id="DSPFPageNumber" style="color: #000000; font-weight: normal; font-style: normal;">4</font></div>
        <div style="page-break-after: always;" id="DSPFPageBreak">
          <hr noshade="noshade" style="border-width: 0px; clear: both; margin: 4px 0px; width: 100%; height: 2px; color: #000000; background-color: #000000;"></div>
      </div>
      <div style="text-align: justify; text-indent: 36pt; line-height: 1.25;">The following information concerning the nominees is based on the records of the Company and information furnished to it by the nominees:</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;"><font style="font-weight: bold; font-style: italic;">Dov Baharav</font> has served as the Chairman of our Board of Directors since May 2014 and also served as our interim Chief
        Executive Officer from May 2015 until March 31, 2016. Mr. Baharav served as the chairman of the board of directors of Cyberint Inc., a provider of cyber security services and products solutions since October 2014 Until March 2020. Mr. Baharav
        served as a member of the board of directors of Mellanox Technologies Ltd., a supplier of end-to-end InfiniBand and Ethernet connectivity solutions since November 2010 till October 2018. Mr. Baharav served as the chairman of the board of directors
        of Israel Aerospace Industries, Ltd., a defense and civil aerospace technology company, from July 2011 until October 2013. Mr. Baharav served as a member of the Board of directors of Allot Communications Ltd., a global provider of intelligent
        broadband solutions, from March 2013 until July 2014. From July 2002 until November 2010, Mr. Baharav served as president and chief executive officer of Amdocs Limited, a communications services company. He also served as a member of Amdocs&#8217; board
        of directors and executive committee from July 2002 until November 2010. Mr. Baharav joined Amdocs in 1991 as vice president and then became president of Amdocs&#8217; principal U.S. subsidiary, Amdocs, Inc., and served as chief financial officer of
        Amdocs from 1995 until June 2002. From 1983 until 1991, Mr. Baharav served as chief operating officer of Oprotech Ltd., an electro-optical device company. Mr. Baharav is Chairman of the scholarship fund of the College of Management Academic Studies
        in Rishon Lezion, Israel. Mr. Baharav holds a Bachelor of Science degree in Physics and Accounting, as well as an M.B.A. degree from Tel Aviv University, Israel.</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;"><font style="font-weight: bold; font-style: italic;">Amiram Boehm</font><font style="font-style: italic;">&#160;</font>has served on our Board of Directors since December 2012. Mr.
        Boehm has been a Partner in the FIMI Opportunity Funds, Israel&#8217;s largest group of private equity funds, since 2004. Mr. Boehm serves as a director of Ham-Let (Israel-Canada) Ltd., Hadera Paper Ltd. (TASE), Rekah Pharmaceuticals Ltd (TASE), KAMADA
        Ltd. (NASDAQ and TASE), TAT Technologies Ltd. (NASDAQ and TASE), PCB Technologies Ltd. (TASE) and DIMAR Ltd, DelekSon Ltd and Galam Ltd. Mr. Boehm previously served as the Managing Partner and Chief Executive Officer of FITE GP (2004), and as a
        director of Ormat Technologies Inc. (NYSE, TASE), Scope Metal Trading, Ltd. (TASE), Inter Industries, Ltd. (TASE), NOVOLOG (Pharm-Up 1966) Ltd. (TASE), Global Wire Ltd. (TASE), Telkoor&#160; Telecom Ltd. (TASE) and Solbar Industries Ltd. (previously
        traded on the TASE). Prior to joining FIMI, from 1999 until 2004, Mr. Boehm served as Head of Research of Discount Capital Markets, the investment arm of Israel Discount Bank. Mr. Boehm holds a B.A. degree in Economics and a LL.B. degree from Tel
        Aviv University, Israel and a Joint M.B.A. degree from Northwestern University and Tel Aviv University, Israel.</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;"><font style="font-weight: bold; font-style: italic;">Ishay Davidi</font>&#160;has served on our Board of Directors since December 2012. Mr. Davidi is the Founder and has served as
        Chief Executive Officer of the FIMI Opportunity Funds, Israel&#8217;s largest group of private equity funds, since 1996. Mr. Davidi currently serves as Chairman of the board of directors of Hadera Paper Ltd. (TASE) and Polyram plastics, Dimar Cutting
        Tools, and as director at Ham-Let (Israel-Canada) Ltd. (TASE), Rekah Pharmaceuticals Ltd. (TASE), Tadir-Gan Precision materials (TASE), C. Mer Industries Ltd. (TASE), GI Ltd., (TASE), SOS Ltd., DelekSon Ltd., Bet Shemesh Engines Holdings (TASE),
        Kamada Ltd (TASE and NASDAQ) and P.C.B Technologies Ltd (TASE) and RIMONI Industries&#160;Ltd.&#160; (TASE). Mr. Davidi previously served as the Chairman of the board of directors of Inrom Industries Ltd. Retalix (previously traded on NASDAQ and TASE) from
        August 2008 until January 2010, of Tefron Ltd. (New York Stock Exchange and TASE) and of Tadir-Gan (TASE), and as a director at Pharm Up Ltd (TASE), Ormat Industries Ltd. (previously traded on TASE), Tadiran Communications Ltd. (TASE), Lipman
        Electronic Engineering Ltd. (NASDAQ and TASE), Merhav Ceramic and Building Materials Center Ltd. (TASE), TAT Technologies Ltd. (NASDAQ and TASE), Orian C.M. Ltd. (TASE), Ophir Optronics Ltd., Overseas Commerce Ltd, (TASE), Scope Metals Group Ltd.
        (TASE) and Formula Systems Ltd. (NASDAQ and TASE). Prior to establishing FIMI, from 1993 until 1996, Mr. Davidi was the Founder and Chief Executive Officer of Tikvah Fund, a private Israeli investment fund. From 1992 until 1993 Mr. Davidi was the
        Chief Executive Officer of Zer Science Industries Ltd., a developer of diagnostics equipment for the healthcare industry. Mr. Davidi holds a B.Sc. degree in Industrial and Management Engineering from Tel Aviv University, Israel, and a M.B.A. degree
        from Bar Ilan University, Israel.</div>
      <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" id="DSPFPageBreakArea">
        <div id="DSPFPageNumberArea" style="text-align: center;"><font id="DSPFPageNumber" style="color: #000000; font-weight: normal; font-style: normal;">5</font></div>
        <div style="page-break-after: always;" id="DSPFPageBreak">
          <hr noshade="noshade" style="border-width: 0px; clear: both; margin: 4px 0px; width: 100%; height: 2px; color: #000000; background-color: #000000;"></div>
      </div>
      <div style="line-height: 1.25;"><br style="line-height: 1.25;">
      </div>
      <div style="text-align: justify; text-indent: 35.45pt; line-height: 1.25;"><font style="font-weight: bold; font-style: italic;">Aylon (Lonny) Rafaeli</font><font style="font-style: italic;">&#160;</font>has served on our Board of Directors since May 2016.
        Mr. Rafaeli is a strategy and business development manager and consultant. From 2007 through 2012, Mr. Rafaeli was Director of Business Development at MST, a concentrated photo voltaic company. Prior to joining MST, Mr. Rafaeli was Managing Partner
        at E. Barak Associates, a strategic consulting company. Prior to this role, Mr. Rafaeli was Chief Executive Officer of Hasbro Israel (toys). Mr. Rafaeli is a member of the board of directors of the TALI Education Fund and a veteran association of
        an IDF elite unit. Mr. Rafaeli also served in the past as a director of Lenox Investment and Azimuth Technologies. Mr. Rafaeli holds an Executive M.B.A. degree in Strategic Management from The Hebrew University of Jerusalem, Israel.</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;"><font style="font-weight: bold; font-style: italic;">Meir Shamir</font><font style="font-style: italic;">&#160;</font>has served on our Board of Directors since May 2016. Mr. Shamir
        is the chief executive officer and a director of Mivtach Shamir Holdings Ltd., a public company traded on the Tel Aviv Stock Exchange. Mivtach Shamir is a holding company active in spotting and initiating investments in technology, and in
        commercial real estate development, tangible investments and finance, in Israel and throughout Europe, the U.S. and India. Mr. Shamir served as a navigator in the Israeli Air Force. Mr. Shamir, an active philanthropist, established a fund to grant
        scholarships to under-privileged high school and college students, and since 2012 he has served as the Head of the Presidency of &#8220;Taglit&#8221; (Birthright Israel). Mr. Shamir holds a Business and Economics Administration degree and received an Honorary
        Doctorate from Bar Ilan University, Israel.</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;"><font style="font-style: italic;">&#160;</font><font style="font-weight: bold; font-style: italic;">Dafna Sharir</font> has served on our Board of Directors since May 2016. Ms. Sharir
        is an independent consultant in the areas of mergers and acquisitions and business development. Ms. Sharir served as Senior Vice President Investments of Ampal Corp. between 2002 and 2005. Before that she served as Director of Mergers and
        Acquisitions at Amdocs (until 2002). Between 1994 and 1996, Ms. Sharir worked as a tax attorney with Cravath, Swaine &amp; Moore in New York. Ms. Sharir is a director of Ormat Technologies Inc. and served in the past as a director of Frutarom
        Industries Ltd. Ms. Sharir holds a B.A. degree in Economics and a LL. B degree, both from Tel Aviv University, Israel, a LL.M. degree in Tax Law from New York University, and a M.B.A. degree from INSEAD.</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;">It is therefore proposed that at the Meeting the following resolutions be adopted:</div>
      <div style="line-height: 1.25">&#160;</div>
      <div style="text-align: justify; margin-left: 36pt; line-height: 1.25;">&#8220;<font style="font-weight: bold;">RESOLVED</font>, to re-elect Dov Baharav as member of the Board of Directors of the Company, to serve until the next annual general meeting of
        shareholders and until his successor has been duly elected and qualified;</div>
      <div style="line-height: 1.25">&#160;</div>
      <div style="text-align: justify; margin-left: 36pt; line-height: 1.25;"><font style="font-weight: bold;">FURTHER RESOLVED</font>, to re-elect Amiram Boehm as member of the Board of Directors of the Company, to serve until the next annual general
        meeting of shareholders and until his successor has been duly elected and qualified;</div>
      <div style="line-height: 1.25">&#160;</div>
      <div style="text-align: justify; margin-left: 36pt; line-height: 1.25;"><font style="font-weight: bold;">FURTHER RESOLVED</font>, to re-elect Ishay Davidi as member of the Board of Directors of the Company, to serve until the next annual general
        meeting of shareholders and until his successor has been duly elected and qualified;</div>
      <div style="line-height: 1.25">&#160;</div>
      <div style="text-align: justify; margin-left: 36pt; line-height: 1.25;"><font style="font-weight: bold;">FURTHER RESOLVED</font>, to re-elect Aylon (Lonny) Rafaeli as member of the Board of Directors of the Company, to serve until the next annual
        general meeting of shareholders and until his successor has been duly elected and qualified;</div>
      <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" id="DSPFPageBreakArea">
        <div id="DSPFPageNumberArea" style="text-align: center;"><font id="DSPFPageNumber" style="color: #000000; font-weight: normal; font-style: normal;">6</font></div>
        <div style="page-break-after: always;" id="DSPFPageBreak">
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      </div>
      <div style="line-height: 1.25">&#160;</div>
      <div style="text-align: justify; margin-left: 36pt; line-height: 1.25;"><font style="font-weight: bold;">FURTHER RESOLVED</font>, to re-elect Meir Shamir as member of the Board of Directors of the Company, to serve until the next annual general
        meeting of shareholders and until his successor has been duly elected and qualified, and</div>
      <div style="line-height: 1.25">&#160;</div>
      <div style="text-align: justify; margin-left: 36pt; line-height: 1.25;"><font style="font-weight: bold;">FURTHER RESOLVED</font>, to re-elect Dafna Sharir as member of the Board of Directors of the Company, to serve until the next annual general
        meeting of shareholders and until her successor has been duly elected and qualified.&#8221;</div>
      <div style="line-height: 1.25">&#160;</div>
      <div style="text-align: justify; line-height: 1.25;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;The affirmative vote of the holders of a majority of the ordinary shares represented at the Meeting, in person or by proxy, entitled to vote and voting on the matter, are required to
        approve the election of each of the director nominees named above.</div>
      <div style="line-height: 1.25">&#160;</div>
      <div style="text-align: justify; text-indent: 36pt; line-height: 1.25;">The&#160;Board of Directors recommends a vote <font style="font-weight: bold;">FOR</font> the election of each nominee for Director named above.</div>
      <div style="line-height: 1.25;">&#160;</div>
      <div style="text-align: center; line-height: 1.25; font-weight: bold;">ITEM II.&#160; ELECTION OF EXTERNAL DIRECTOR</div>
      <div style="text-align: center; line-height: 1.25;">(Item 2 on the Proxy Card)</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;">Under the ICL, public companies are required to appoint at least two external directors who must meet specified standards of independence. An external director is appointed for
        an initial term of three years, and may be reappointed for additional three-year terms, subject to certain conditions (including approval by our shareholders at a general meeting) as provided under the ICL and the regulations promulgated
        thereunder.</div>
      <div style="line-height: 1.25;"><br style="line-height: 1.25;">
      </div>
      <div style="text-align: justify; text-indent: 36pt; line-height: 1.25;">The Company has two directors who serve as the Company&#8217;s &#8220;external directors&#8221; in accordance with the ICL, Mr. Elyezer Shkedy whose term expires only in June 2023, and Ms. Dafna
        Cohen, whose term expires on January 3, 2021 and who is not standing for re-election at the Meeting.</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;">Our Board of Directors has nominated Mr. Ami Shafran to be appointed as an external director commencing on January 4, 2021 for a three-year term as our second external director.
        Following is Mr. Shafran&#8217;s biographical information:</div>
      <div style="line-height: 1.25;"><br style="line-height: 1.25;">
      </div>
      <div style="text-align: justify; line-height: 1.25;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="font-weight: bold; font-style: italic;">Major General (ret.) Ami Shafran,</font><font style="font-weight: bold;"> (66), </font>has served since 2018 as a venture partner at
        Moneta Capital, an Israeli venture capital fund focused in the fitness and data sciences domains. Since 2013, Mr. Shafran has served as the head of the Cyber Innovation Center at Ariel University. From 2006 through 2011, Mr. Shafran served as
        Commander of the information, communications and cyber command (C41 of the Israel Defense Force). In 2002, Mr. Shafran served as head of the research and development unit of the Israeli Ministry of Defense, MAFAT (chief of science) and chief of
        staff of the Ministry of Defense and the Research and Development Attach&#233; to the Israeli Embassy in Washington DC.</div>
      <div style="text-align: justify; line-height: 1.25;"> <br>
      </div>
      <div style="text-align: justify; line-height: 1.25;">Since 2017, Mr. Shafran has served as a director of Paz Group (TASE), and a non-executive chair of Elsight (Australian Stock Exchange or ASX), and since 2017 has served as head of the advisory
        board at Security Matters (ASX). Mr. Shafran served as Chairman of the Board of Pazkar Ltd. and Paz Lub Ltd., as a member of the board of directors of Waterfall Security Solutions and President of Enigmatos Ltd., an automotive cyber security
        company and other non-public companies. Mr. Shafran holds a B.Sc. degree in Electrical Engineering from the Ben Gurion University in Israel and a M.B.A. degree from the Tel Aviv University.</div>
      <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" id="DSPFPageBreakArea">
        <div id="DSPFPageNumberArea" style="text-align: center;"><font id="DSPFPageNumber" style="color: #000000; font-weight: normal; font-style: normal;">7</font></div>
        <div style="page-break-after: always;" id="DSPFPageBreak">
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      </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;">In accordance with the ICL, at least one external director elected must have &#8220;accounting and financial expertise&#8221; and any other external director must have either &#8216;&#8216;accounting
        and financial expertise&#8217;&#8217; or &#8220;professional qualification&#8221; as such terms are defined by regulations promulgated under the ICL.&#160; Our Board of Directors has determined that Mr. Shafran meets the criteria defined in the ICL and the regulations
        promulgated thereunder for &#8220;accounting and financial expertise&#8221;. Our Board of Directors has also determined that Mr. Shafran qualifies to serve as the &#8220;Audit Committee&#8217;s financial expert&#8221;, as required by the rules of the SEC and NASDAQ.</div>
      <div style="line-height: 1.25">&#160;</div>
      <div style="text-align: justify; text-indent: 36pt; line-height: 1.25;">As required under the ICL, Mr. Shafran submitted to the Company, prior to the date of the Meeting, a declaration stating his compliance with the statutory requirements of the
        ICL.</div>
      <div style="line-height: 1.25">&#160;</div>
      <div style="text-align: justify; text-indent: 36pt; line-height: 1.25;">It is hereby proposed to elect Mr. Ami Shafran as an external director for a three-year term commencing January 4, 2021.</div>
      <div style="line-height: 1.25">&#160;</div>
      <div style="text-align: justify; text-indent: 36pt; line-height: 1.25;">It is therefore proposed that at the Meeting the following resolution be adopted:</div>
      <div style="line-height: 1.25">&#160;</div>
      <div style="text-align: justify; margin-left: 36pt; line-height: 1.25;">&#8220;<font style="font-weight: bold;">RESOLVED</font>, to elect Mr. Ami Shafran as an external director for a three-year term commencing on January 4, 2021.&#8221;</div>
      <div style="line-height: 1.25">&#160;</div>
      <div style="text-align: justify; text-indent: 35.45pt; line-height: 1.25;">The affirmative vote of the holders of a majority of the voting power represented and voting on this proposal in person or by proxy is necessary to elect Mr. Shafran as an
        external director.&#160; In addition, the shareholders&#8217; approval must either include at least a majority of the ordinary shares voted by shareholders who are not controlling shareholders nor are they shareholders who have a personal interest in the
        election of the external director (excluding a personal interest that is not related to a relationship with the controlling shareholders), or the total ordinary shares of non-controlling shareholders and non-interested shareholders voted against
        this proposal must not represent more than two percent of the outstanding ordinary shares. For this purpose, you are asked to indicate on the enclosed proxy card whether you are a controlling shareholder or have a personal interest in the election
        of the external director (excluding a personal interest that is not related to a relationship with a controlling shareholder).</div>
      <div style="line-height: 1.25;"><br style="line-height: 1.25;">
      </div>
      <div style="text-align: justify; text-indent: 35.45pt; line-height: 1.25;">Under the ICL, in general, a person will be deemed to be a controlling shareholder if the person has the power to direct the activities of the company, otherwise than by
        reason of being a director or other office holder of the company, and you are deemed to have a personal interest if any member of your immediate family or their spouse has a personal interest in the adoption of the proposal.&#160; In addition, you are
        deemed to have a personal interest if a company, other than the Company, that is affiliated to you has a personal interest in the adoption of the proposal. Such company is a company in which you or a member of your immediate family serves as a
        director or chief executive officer, has the right to appoint a director or the chief executive officer, or owns 5% or more of the outstanding shares. However, you are not deemed to have a personal interest in the adoption of the proposal if your
        interest in such proposal arises solely from your ownership of our shares, or to a matter that is not related to a relationship with a controlling shareholder.</div>
      <div style="text-align: justify; text-indent: 35.45pt; line-height: 1.25;"><br style="line-height: 1.25;">
      </div>
      <div style="text-align: justify; text-indent: 36pt; line-height: 1.25;">The&#160;Board of Directors recommends a vote <font style="font-weight: bold;">FOR</font> the election of Mr. Shafran as an external director for a three-year term.</div>
      <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" id="DSPFPageBreakArea">
        <div id="DSPFPageNumberArea" style="text-align: center;"><font id="DSPFPageNumber" style="color: #000000; font-weight: normal; font-style: normal;">8</font></div>
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      </div>
      <div style="line-height: 1.25">&#160;</div>
      <div style="text-align: center; line-height: 1.25; font-weight: bold;">ITEM III. APPROVAL OF GRANT OF OPTIONS TO THE NEWLY ELECTED DIRECTOR</div>
      <div style="text-align: center; line-height: 1.25; font-weight: bold;">UPON COMMENCEMENT OF HIS TERM OF SERVICE</div>
      <div style="text-align: center; line-height: 1.25;">(Item 3 on the Proxy Card)</div>
      <div style="line-height: 1.25">&#160;</div>
      <div style="text-align: justify; text-indent: 36pt; line-height: 1.25;">Under the ICL, any arrangement between the Company and a director relating to his or her compensation as a director or other position with the Company must be in compliance with
        the Company's Compensation Policy for Executives Officers and Directors and requires approval of the Compensation Committee, the Board of Directors and the Company&#8217;s shareholders, in that order.</div>
      <div style="line-height: 1.25">&#160;</div>
      <div style="text-align: justify; text-indent: 36pt; line-height: 1.25;">In addition to the cash compensation paid to our directors, our serving directors were each granted options to purchase 50,000 of our ordinary shares upon their appointment as
        directors of the Company.</div>
      <div style="line-height: 1.25">&#160;</div>
      <div style="text-align: justify; line-height: 1.25;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;Our Compensation Committee and Board of Directors approved and recommended that our shareholders approve the grant of options to purchase 50,000 of our ordinary shares to Mr. Shafran upon
        commencement of his term of service as an external director.</div>
      <div style="line-height: 1.25">&#160;</div>
      <div style="text-align: justify; text-indent: 36pt; line-height: 1.25;">Pursuant to the terms of our Compensation Policy for Executive Officers and Directors, the exercise price of the options to be granted to Mr. Shafran will equal 5% over the
        closing price of the Company&#8217;s ordinary shares on the NASDAQ Global Select Market on the last trading day prior to the grant date.</div>
      <div style="line-height: 1.25">&#160;</div>
      <div style="text-align: justify; text-indent: 36pt; line-height: 1.25;">Similar to previous grants of options to other Company directors, the options will vest and become exercisable quarterly over a three-year period so long as the director
        continues to serve as a director and will be exercisable for 12 months following cessation or termination of his service (other than for cause).</div>
      <div style="line-height: 1.25">&#160;</div>
      <div style="line-height: 1.25; text-align: justify; text-indent: 36pt;">It is therefore proposed that at the Meeting the following resolution be adopted:</div>
      <div style="line-height: 1.25">&#160;</div>
      <div style="text-align: justify; text-indent: 36pt; line-height: 1.25;">"RESOLVED, subject to his election under Item 2, to approve a grant of options to Mr. Ami Shafran upon commencement of his term of service as set forth in this Proxy Statement."</div>
      <div style="line-height: 1.25">&#160;</div>
      <div style="text-align: justify; text-indent: 36pt; line-height: 1.25;">The affirmative vote of the holders of a majority of the voting power represented and voting on this proposal in person or by proxy is necessary to grant options to Mr. Shafran.</div>
      <div style="line-height: 1.25">&#160;</div>
      <div style="text-align: justify; text-indent: 36pt; line-height: 1.25;">The Board of Directors recommends a vote FOR the grant of options to Mr. Shafran, the nominee for external director.</div>
      <div style="line-height: 1.25">&#160;</div>
      <div style="text-align: center; line-height: 1.25; font-weight: bold;">ITEM IV. AMENDMENT OF THE COMPANY&#8217;S COMPENSATION POLICY FOR </div>
      <div style="text-align: center; line-height: 1.25; font-weight: bold;">DIRECTORS AND OFFICERS</div>
      <div style="text-align: center; line-height: 1.25;">(Item 4 on the Proxy Card)</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;">Pursuant to the ICL, all public Israeli companies, including companies whose shares are publicly-traded outside of Israel, such as Gilat, are required to adopt a written
        compensation policy for their executives and directors, which addresses certain items prescribed by the ICL. In accordance with the ICL, the adoption, amendment and restatement of the policy is to be recommended by the Compensation Committee and
        approved by the Board of Directors and shareholders, and such policy must be reviewed and readopted within three years from the previous adoption date. The Company&#8217;s Compensation Policy for Executive Officers and Directors was last reviewed and
        approved by the Compensation Committee, the Board of Directors and shareholders in May 2020.</div>
      <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" id="DSPFPageBreakArea">
        <div id="DSPFPageNumberArea" style="text-align: center;"><font id="DSPFPageNumber" style="color: #000000; font-weight: normal; font-style: normal;">9</font></div>
        <div style="page-break-after: always;" id="DSPFPageBreak">
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      </div>
      <div style="line-height: 1.25">&#160;</div>
      <div style="text-align: justify; text-indent: 36pt; line-height: 1.25;">Pursuant to the Company&#8217;s Compensation Policy, the directors and officers of the Company are to be covered by directors and officers&#8217; liability insurance in such scope and such
        terms as shall be determined from time to time by the Company pursuant to the requirements of applicable law, with the maximum annual premium payable not exceeding $450,000.</div>
      <div style="line-height: 1.25">&#160;</div>
      <div style="text-align: justify; text-indent: 36pt; line-height: 1.25;">In light of developments in the global D&amp;O liability insurance market in recent years, the insurance premiums in the market have increased significantly, and the premium
        expected to be payable will likely be considerably greater than the cap set out in the Compensation Policy. In light of such cross-industry developments in the global D&amp;O liability insurance market and order to address the significant premium,
        changes, the Israeli Securities Authority recent issued an opinion providing companies with relief from the Israeli law requirement to approve a premium cap in the Compensation Policy, provided the premium payable and the deductibles in the policy
        are on market terms and the overall cost of the insurance policy is not material to the Company.</div>
      <div style="line-height: 1.25">&#160;</div>
      <div style="text-align: justify; text-indent: 36pt; line-height: 1.25;">In line with the opinion of the Israeli Securities Authority, our Compensation Committee has reviewed the Company&#8217;s Compensation Policy and recommended that the policy be amended
        such that there will be no cap for the premium payable for the directors&#8217; and officers&#8217; liability insurance. Instead, Section B.7 of the Compensation Policy will be amended to provide that the premium payable and deductibles shall be on market
        terms and the overall cost of the insurance policy is not material to the Company, and read as follows:</div>
      <div style="line-height: 1.25">&#160;</div>
      <div style="text-align: justify; text-indent: 36pt; line-height: 1.25; font-style: italic;">&#8220;The premium payable with respect to such insurance <strike>per a 12-month period shall not exceed $450,000</strike>&#160;<font style="font-weight: bold;"><u style="border-bottom: 1px solid;">on market terms and in an amount not material to the Company</u></font>.&#8221;</div>
      <div style="line-height: 1.25">&#160;</div>
      <div style="text-align: justify; text-indent: 36pt; line-height: 1.25;">Our Board of Directors subsequently approved the recommendation of the Compensation Committee and recommended that the Company&#8217;s shareholders approve such amendment.</div>
      <div style="line-height: 1.25">&#160;</div>
      <div style="text-indent: 36pt; line-height: 1.25;">It is therefore proposed that at the Meeting the following resolution be adopted:</div>
      <div style="line-height: 1.25">&#160;</div>
      <div style="text-align: justify; text-indent: 36pt; line-height: 1.25;">&#160;&#8220;<font style="font-weight: bold;">RESOLVED</font>, to amend the Company&#8217;s Compensation Policy for Executive Officers and Directors as set forth in Item 4 of the Proxy
        Statement.&#8221;</div>
      <div style="line-height: 1.25;"><br style="line-height: 1.25;">
      </div>
      <div style="text-align: justify; text-indent: 35.45pt; line-height: 1.25;">The affirmative vote of the holders of a majority of the voting power represented and voting on this proposal in person or by proxy is necessary to amend the Compensation
        Policy for Executive Officers and Directors.&#160; In addition, the shareholders&#8217; approval must either include at least a majority of the ordinary shares voted by shareholders who are not controlling shareholders nor are they shareholders who have a
        personal interest in the amendment to the Compensation Policy for Executive Officers and Directors (excluding a personal interest that is not related to a relationship with the controlling shareholders), or the total ordinary shares of
        non-controlling shareholders and non-interested shareholders voted against this proposal must not represent more than two percent of the outstanding ordinary shares. For this purpose, you are asked to indicate on the enclosed proxy card whether you
        are a controlling shareholder or have a personal interest in the amendment to the Compensation Policy for Executive Officers and Directors (excluding a personal interest that is not related to a relationship with a controlling shareholder).</div>
      <div style="line-height: 1.25;"><br style="line-height: 1.25;">
      </div>
      <div style="text-align: justify; text-indent: 36pt; line-height: 1.25;">The&#160;Board of Directors recommends a vote <font style="font-weight: bold;">FOR</font> the amendment to the Compensation Policy for Executive Officers and Directors.</div>
      <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" id="DSPFPageBreakArea">
        <div id="DSPFPageNumberArea" style="text-align: center;"><font id="DSPFPageNumber" style="color: #000000; font-weight: normal; font-style: normal;">10</font></div>
        <div style="page-break-after: always;" id="DSPFPageBreak">
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      </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-weight: bold;">ITEM V. APPROVAL OF THE TERMS OF SERVICE AND COMPENSATION OF THE</div>
      <div style="text-align: center; line-height: 1.25; font-family: 'Times New Roman',Times,serif; font-weight: bold;">&#160;CHIEF EXECUTIVE OFFICER OF THE COMPANY</div>
      <div style="text-align: center; line-height: 1.25; font-family: 'Times New Roman',Times,serif;">&#160;(Item 5 on the Proxy Card)</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;">Pursuant to the ICL, any arrangement between the Company and its Chief Executive Officer relating to his or her compensation must generally be in compliance with the Company&#8217;s
        Compensation Policy for Executive Officers and Directors and requires approval of the Compensation Committee, the Board of Directors and the Company&#8217;s shareholders, in that order.</div>
      <div style="line-height: 1.25;"><br style="line-height: 1.25;">
      </div>
      <div style="text-align: justify; text-indent: 36pt; line-height: 1.25;">The Compensation&#160;Committee and the Board of Directors have approved, and recommended that the Company&#8217;s shareholders approve, terms of employment and compensation for Mr. Adi
        Sfadia as Chief Executive Officer of the Company, who was appointed as Interim Chief Executive Officer in July 2020 and was announced as Chief Executive Officer as of the date of this Proxy Statement.</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;">Mr. Sfadia&#8217;s monthly salary shall be in an amount of NIS 110,000 (approximately US$33,000), effective as of the date of this Meeting. Mr. Sfadia shall also be entitled to fringe
        benefits&#8217; including social benefits, annual vacation and reimbursement of expenses (collectively, the &#8220;Base Compensation&#8221;).</div>
      <div style="line-height: 1.25;"><br style="line-height: 1.25;">
      </div>
      <div style="text-align: justify; text-indent: 36pt; line-height: 1.25;">The Compensation Committee and the Board of Directors have approved, and recommended that the Company&#8217;s shareholders approve, an annual cash bonus plan for Mr. Sfadia, for his
        services as the Company&#8217;s Chief Executive Officer in 2021, 2022 and 2023, as set forth in Annex A (the &#8220;CEO Bonus Plan&#8221;).</div>
      <div style="line-height: 1.25;"><br style="line-height: 1.25;">
      </div>
      <div style="text-align: justify; text-indent: 36pt; line-height: 1.25;">The terms of employment and compensation set forth in this Item 5 are in compliance with our Compensation Policy for executive officers and directors (as described in Item 4).</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;">It is therefore proposed that at the Meeting the following resolution be adopted:</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;">Item 3(a) &#8211; &#8220;<font style="font-weight: bold;">RESOLVED</font>, to approve the terms of employment and the Base Compensation of Mr. Adi Sfadia as Chief Executive Officer of the
        Company as described in Item 5 of the Proxy Statement.&#8221;</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;">Item 3(b) &#8211; &#8220;<font style="font-weight: bold;">RESOLVED</font>, to approve the CEO Bonus Plan, as described in Item 5 of the Proxy Statement and in Annex A.&#8221;</div>
      <div style="line-height: 1.25;"><br style="line-height: 1.25;">
      </div>
      <div style="text-align: justify; text-indent: 36pt; line-height: 1.25;">The approval of the resolution in this Item 5 requires&#160;the affirmative vote of a majority of the shares present, in person or by proxy, and voting on the matter, provided that
        either: (i) at least a majority of the shares of shareholders who are not controlling shareholders and do not have a personal interest in the resolution are voted in favor of the proposed resolution; or (ii) the total number of shares of
        shareholders who are not controlling shareholders and do not have a personal interest in the resolution and are voted against the proposed resolution does not exceed two percent of the outstanding voting power in the Company. For this purpose, you
        are asked to indicate on the enclosed proxy card whether you are a controlling shareholder or have a personal interest in the adoption of the resolution in Item 5.</div>
      <div style="line-height: 1.25;"><br style="line-height: 1.25;">
      </div>
      <div style="text-align: justify; text-indent: 36pt; line-height: 1.25;">The&#160;Board of Directors recommends a vote <font style="font-weight: bold;">FOR </font>the approval of the terms of compensation of the Chief Executive Officer.</div>
      <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" id="DSPFPageBreakArea">
        <div id="DSPFPageNumberArea" style="text-align: center;"><font id="DSPFPageNumber" style="color: #000000; font-weight: normal; font-style: normal;">11</font></div>
        <div style="page-break-after: always;" id="DSPFPageBreak">
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      </div>
      <div style="line-height: 1.25">&#160;</div>
      <div style="text-align: center; line-height: 1.25; font-weight: bold;">ITEM VI. EXTENSION OF INDEMNIFICATION LETTERS</div>
      <div style="text-align: center; line-height: 1.25;">(Item 6 on the Proxy Card)</div>
      <div style="line-height: 1.25;"><br style="line-height: 1.25;">
      </div>
      <div style="text-align: justify; text-indent: 35.45pt; line-height: 1.25;">Pursuant to the provisions of the ICL and our Articles of Association, we have provided all our directors and officers from time to time with letters providing them with
        exemption and indemnification to the fullest extent permitted under Israeli law. All such indemnification letters were provided in an identical form, a copy of which was furnished to the SEC on Form 6-K on November 17, 2011 (the &#8220;<font style="font-style: italic;">Indemnification Agreement</font>&#8221;).&#160; Pursuant to the ICL, the entering into such an Indemnification Agreement with a director or officer who is affiliated with a controlling shareholder, is required to be re-approved
        every three years by the compensation committee, the board of directors and by a special majority vote of shareholders.</div>
      <div style="line-height: 1.25;"><br style="line-height: 1.25;">
      </div>
      <div style="text-align: justify; text-indent: 35.45pt; line-height: 1.25;">Two of our directors, Mr. Amiram Boehm and Mr. Ishay Davidi, are affiliated with the Company&#8217;s controlling shareholders, certain limited partnerships managed by FIMI IV 2007
        Ltd. and by FIMI FIVE 2012 Ltd.&#160; Our Compensation Committee and Board of Directors approved and recommended that our shareholders approve and ratify the extension of the term of the existing Indemnification Agreements with Mr. Boehm and Mr. Davidi
        for an additional three year term, in the exact same form as entered into with the Company&#8217;s other directors and officers.</div>
      <div style="line-height: 1.25;"><br style="line-height: 1.25;">
      </div>
      <div style="text-align: justify; text-indent: 35.45pt; line-height: 1.25;">The scope of matters covered by the Indemnification Agreements and the limitations under the ICL on indemnification, exculpation and insurance of directors and officers in
        described in detail in Item 6.C. of the our Annual Report on Form 20-F for the year ended December 31, 2019, as filed with the SEC on March 23, 2020, which can be viewed on our website at <u>www.gilat.com</u> and on the SEC website at&#160;<u>www.sec.gov</u>.</div>
      <div style="line-height: 1.25;"><br style="line-height: 1.25;">
      </div>
      <div style="text-align: justify; text-indent: 35.45pt; line-height: 1.25;">It is therefore proposed that at the Meeting the following resolutions be adopted:</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;">&#160;&#8220;<font style="font-weight: bold;">RESOLVED</font>, to ratify and extend the term of the currently existing Indemnification Agreement with Mr. Boehm for an additional three
        years, commencing on the date of the Meeting.</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;"><font style="font-weight: bold;">FURTHER RESOLVED</font>, to ratify and extend the term of the currently existing Indemnification Agreement with Mr. Davidi for an additional
        three years, commencing on the date of the Meeting.&#8221;</div>
      <div style="line-height: 1.25;"><br style="line-height: 1.25;">
      </div>
      <div style="text-align: justify; text-indent: 35.45pt; line-height: 1.25;">The affirmative vote of the holders of a majority of the voting power represented and voting on this proposal in person or by proxy is necessary to approve the extension of
        the term of Indemnification Agreements with each of Mr. Boehm and Mr. Davidi.&#160; In addition, the shareholders&#8217; approval must either include at least a majority of the ordinary shares voted by shareholders who are not controlling shareholders nor are
        they shareholders who have a personal interest in the extension of the term of Indemnification Agreements with Mr. Boehm and Mr. Davidi (excluding a personal interest that is not related to a relationship with the controlling shareholders), or the
        total ordinary shares of non-controlling shareholders and non-interested shareholders voted against this proposal must not represent more than two percent of the outstanding ordinary shares. For this purpose, you are asked to indicate on the
        enclosed proxy card whether you are a controlling shareholder or have a personal interest in the ratification and extension of the term of Indemnification Agreements with Mr. Boehm and Mr. Davidi (excluding a personal interest that is not related
        to a relationship with a controlling shareholder).</div>
      <div style="line-height: 1.25;"><br style="line-height: 1.25;">
      </div>
      <div style="text-align: justify; text-indent: 36pt; line-height: 1.25;">The Board of Directors recommends a vote <font style="font-weight: bold;">FOR</font> the ratification and extension of the term of the Indemnification Agreements with Mr. Boehm
        and Mr. Davidi.</div>
      <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" id="DSPFPageBreakArea">
        <div id="DSPFPageNumberArea" style="text-align: center;"><font id="DSPFPageNumber" style="color: #000000; font-weight: normal; font-style: normal;">12</font></div>
        <div style="page-break-after: always;" id="DSPFPageBreak">
          <hr noshade="noshade" style="border-width: 0px; clear: both; margin: 4px 0px; width: 100%; height: 2px; color: #000000; background-color: #000000;"></div>
      </div>
      <div style="line-height: 1.25;"><br style="line-height: 1.25;">
      </div>
      <div style="text-align: center; line-height: 1.25; font-weight: bold;">ITEM VII.&#160; RATIFICATION AND APPROVAL OF REAPPOINTMENT AND </div>
      <div style="text-align: center; line-height: 1.25; font-weight: bold;">COMPENSATION OF INDEPENDENT REGISTERED PUBLIC ACCOUNTANTS</div>
      <div style="text-align: center; line-height: 1.25;">(Item 7 on the Proxy Card)</div>
      <div style="line-height: 1.25;">&#160;</div>
      <div style="text-align: justify; text-indent: 36pt; line-height: 1.25;">Kost Forer Gabbay &amp; Kasierer, our independent registered public accountants, and a Member of Ernst &amp; Young Global, have been our independent registered public accountants
        since 2000. It is proposed that at the Meeting, the Company&#8217;s shareholders will ratify and approve the re-appointment of Kost Forer Gabbay &amp; Kasierer as our independent registered public accountants for the fiscal year ending December 31, 2020
        and for such additional period until the next annual general meeting of shareholders. In light of the familiarity of Kost Forer Gabbay &amp; Kasierer with our operations and their reputation in the auditing field, our Audit Committee and Board of
        Directors believe that the firm has the necessary personnel, professional qualifications and independence to act as our independent registered public accountants.</div>
      <div style="line-height: 1.25">&#160;</div>
      <div style="text-align: justify; text-indent: 36pt; line-height: 1.25;">The following table sets forth the fees we paid to Kost Forer Gabbay &amp; Kasierer with respect to fiscal year 2019:</div>
      <div style="line-height: 1.25">&#160;</div>
      <table cellspacing="0" cellpadding="2" border="0" align="right" id="zbfc3df109c77483a8fe5ce1fff1e1d4c" style="width: 94%; color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; text-align: left;">

          <tr>
            <td style="width: 36.84%; vertical-align: top; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0);">
              <div style="text-align: center; line-height: 1.25;">Services Rendered</div>
            </td>
            <td style="width: 36.85%; vertical-align: top; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0);">
              <div style="text-align: center; line-height: 1.25;">Fees</div>
              <div style="text-align: center; line-height: 1.25;">(in thousands)</div>
            </td>
            <td style="width: 26.31%; 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="text-align: center; line-height: 1.25;">Percentage</div>
            </td>
          </tr>
          <tr>
            <td style="width: 36.84%; 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);">
              <div style="text-align: center; line-height: 1.25;">Audit fees (1)</div>
            </td>
            <td style="width: 36.85%; 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);">
              <div style="text-align: center; line-height: 1.25;">$670</div>
            </td>
            <td style="width: 26.31%; vertical-align: middle; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">
              <div style="text-align: center; line-height: 1.25;">71.28%</div>
            </td>
          </tr>
          <tr>
            <td style="width: 36.84%; vertical-align: top; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0);">
              <div style="text-align: center; line-height: 1.25;">Tax fees (2)</div>
            </td>
            <td style="width: 36.85%; vertical-align: top; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0);">
              <div style="text-align: center; line-height: 1.25;">$175</div>
            </td>
            <td style="width: 26.31%; vertical-align: middle; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0);">
              <div style="text-align: center; line-height: 1.25;">18.58%</div>
            </td>
          </tr>
          <tr>
            <td style="width: 36.84%; vertical-align: top; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">
              <div style="text-align: center; line-height: 1.25;">Other (3)</div>
            </td>
            <td style="width: 36.85%; vertical-align: top; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">
              <div style="text-align: center; line-height: 1.25;">$ 95</div>
            </td>
            <td style="width: 26.31%; vertical-align: middle; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">
              <div style="text-align: center; line-height: 1.25;">10.14%</div>
            </td>
          </tr>
          <tr>
            <td style="width: 36.84%; vertical-align: top; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0); border-bottom: 2px solid rgb(0, 0, 0);">
              <div style="text-align: center; line-height: 1.25;">Total</div>
            </td>
            <td style="width: 36.85%; vertical-align: top; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0); border-bottom: 2px solid rgb(0, 0, 0);">
              <div style="text-align: center; line-height: 1.25;">$939</div>
            </td>
            <td style="width: 26.31%; vertical-align: middle; border-width: 2px; border-style: solid; border-color: rgb(0, 0, 0);">
              <div style="text-align: center; line-height: 1.25;">100.00%</div>
            </td>
          </tr>

      </table>
      <div style="line-height: 1.25; clear: both;"><br style="line-height: 1.25;">
      </div>
      <table cellspacing="0" cellpadding="0" id="z6f117aea0389494ea71c5ff5c550460c" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

          <tr>
            <td style="width: 49.65pt;"><br>
            </td>
            <td style="width: 21.25pt; vertical-align: top; align: right;">(1)</td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div>Audit fees are fees for audit services and include fees associated with the annual audit, services provided in connection with the audit of our internal control over financial reporting and audit services provided in connection with
                other statutory or regulatory filings.</div>
            </td>
          </tr>

      </table>
      <div style="line-height: 1.25;"><br style="line-height: 1.25;">
      </div>
      <table cellspacing="0" cellpadding="0" id="z2dc3abc31c2441feaeb586ec36b15981" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

          <tr>
            <td style="width: 49.65pt;"><br>
            </td>
            <td style="width: 21.25pt; vertical-align: top; align: right;">(2)</td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div>Tax fees are fees for professional services rendered by our auditors for tax compliance, tax planning and tax advice on actual or contemplated transactions.</div>
            </td>
          </tr>

      </table>
      <div style="line-height: 1.25;"><br style="line-height: 1.25;">
      </div>
      <table cellspacing="0" cellpadding="0" id="z953a1cd32d284de1821513ca00d68355" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

          <tr>
            <td style="width: 49.65pt;"><br>
            </td>
            <td style="width: 22.35pt; vertical-align: top; align: right;">(3)</td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div>Other fees are fees for professional services other than audit or tax related fees, rendered in connection with our business activities; such fees in 2019 were mainly related to implementation of new accounting systems.</div>
            </td>
          </tr>

      </table>
      <div style="line-height: 1.25;"><br style="line-height: 1.25;">
      </div>
      <div style="text-align: justify; text-indent: 36pt; line-height: 1.25;">In accordance with the Company&#8217;s procedures, our Audit Committee has approved all audit and non-audit services provided by Kost Forer Gabbay &amp; Kasierer to the Company and to
        its subsidiaries during 2019.</div>
      <div style="line-height: 1.25">&#160;</div>
      <div style="text-align: justify; text-indent: 36pt; line-height: 1.25;">It is therefore proposed that at the Meeting the following resolution be adopted:</div>
      <div style="line-height: 1.25">&#160;</div>
      <div style="text-align: justify; margin-right: 45.35pt; margin-left: 54pt; line-height: 1.25;">&#8220;<font style="font-weight: bold;">RESOLVED</font>, that the appointment of Kost Forer Gabbay &amp; Kasierer, a member of Ernst &amp; Young Global, as the
        Company&#8217;s independent public accountants for the fiscal year ending December 31, 2020 and for such additional period until the next annual general meeting of shareholders, be, and it hereby is, ratified, and the Board of Directors (or, the Audit
        Committee, if authorized by the Board of Directors (subject to the ratification of the Board of Directors)) be, and it hereby is, authorized to fix the remuneration of such independent public accountants in accordance with the volume and nature of
        their services.&#8221;</div>
      <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" id="DSPFPageBreakArea">
        <div id="DSPFPageNumberArea" style="text-align: center;"><font id="DSPFPageNumber" style="color: #000000; font-weight: normal; font-style: normal;">13</font></div>
        <div style="page-break-after: always;" id="DSPFPageBreak">
          <hr noshade="noshade" style="border-width: 0px; clear: both; margin: 4px 0px; width: 100%; height: 2px; color: #000000; background-color: #000000;"></div>
      </div>
      <div style="line-height: 1.25">&#160;</div>
      <div style="text-align: justify; text-indent: 36pt; line-height: 1.25;">The affirmative vote of the holders of a majority of the ordinary shares represented at the Meeting, in person or by proxy, entitled to vote and voting on the matter, is required
        to approve the foregoing resolution.</div>
      <div style="line-height: 1.25">&#160;</div>
      <div style="text-align: justify; text-indent: 36pt; line-height: 1.25;">The&#160;Board of Directors recommends a vote <font style="font-weight: bold;">FOR</font> the ratification and approval of reappointment and compensation of independent registered
        public accountants.</div>
      <div style="line-height: 1.25">&#160;</div>
      <div style="text-align: center; line-height: 1.25; font-weight: bold;">CONSIDERATION OF THE AUDITOR&#8217;S REPORT AND THE CONSOLIDATED </div>
      <div style="text-align: center; line-height: 1.25; font-weight: bold;">FINANCIAL STATEMENTS</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;">At the Meeting, the consolidated financial statements for the year ended December 31, 2019 and the Auditor&#8217;s Report in respect thereto will be presented and considered.&#160; This
        item will not involve a vote of the shareholders.</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;">Our 2019 Consolidated Financial Statements are published as part of our Annual Report on Form 20-F for the year ended December 31, 2019, and can be viewed on our website at <u>www.gilat.com</u>
        and on the SEC website at&#160;<u>www.sec.gov</u>. A shareholder interested in receiving a copy free of charge may contact the Company&#8217;s corporate secretary for such purpose. None of the auditor&#8217;s report, consolidated financial statements, the Form 20-F
        or the contents of our website form part of the proxy solicitation material.</div>
      <div style="line-height: 1.25;"><br style="line-height: 1.25;">
      </div>
      <div style="text-align: center; line-height: 1.25; font-weight: bold;">ADDITIONAL INFORMATION</div>
      <div style="line-height: 1.25">&#160;</div>
      <div style="text-align: justify; text-indent: 39.6pt; margin-left: 1.1pt; line-height: 1.25;">The following table sets forth certain information regarding the beneficial ownership of our ordinary shares, as of November 16, 2020, by:</div>
      <div style="line-height: 1.25;"><br style="line-height: 1.25;">
      </div>
      <div>
        <table cellspacing="0" cellpadding="0" id="z09c2344300ba49beb260ffadbb4f045f" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

            <tr>
              <td style="width: 70.9pt; vertical-align: top; align: right;">
                <div style="margin-left: 58.7pt; line-height: 1.25;">&#8226;</div>
              </td>
              <td style="width: auto; vertical-align: top;">
                <div style="text-align: justify; line-height: 1.25;">each person who we believe beneficially owns 5% or more of our outstanding ordinary shares, and</div>
              </td>
            </tr>

        </table>
      </div>
      <div>
        <table cellspacing="0" cellpadding="0" id="z6b460cf21bdd473f87b4e8c5fc282b42" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 9.9pt; width: 100%; text-align: left; color: #000000;">

            <tr>
              <td style="width: 70.9pt; vertical-align: top; align: right;">
                <div style="margin-left: 58.7pt; line-height: 1.25;">&#8226;</div>
              </td>
              <td style="width: auto; vertical-align: top;">
                <div style="text-align: justify; line-height: 1.25;">all of our directors and executive officers as a group.</div>
              </td>
            </tr>

        </table>
      </div>
      <div style="line-height: 1.25">&#160;</div>
      <div style="text-align: justify; text-indent: 39.6pt; margin-left: 1.1pt; line-height: 1.25;">Beneficial ownership of shares is determined under rules of the SEC and generally includes any shares over which a person exercises sole or shared voting or
        investment power.&#160;The percentage ownership of each such person is based on the number of ordinary Shares outstanding as of November 16, 2020 and includes the number of ordinary shares underlying options that are exercisable within sixty (60) days
        from the date of November 16, 2020.&#160;&#160;Ordinary shares subject to these options are deemed to be outstanding for the purpose of computing the ownership percentage of the person holding these options but are not deemed to be outstanding for the
        purpose of computing the ownership percentage of any other person. The information in the table below is based on 55,544,762 ordinary shares outstanding as of November 16, 2020.&#160; Each of our outstanding ordinary shares has identical rights in all
        respects. The information in the table below with respect to the beneficial ownership of shareholders is based on the public filings of such shareholders with the SEC through November 16, 2020 and information provided to us by such shareholders.</div>
      <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
        <div id="DSPFPageNumberArea" style="text-align: center;"><font id="DSPFPageNumber" style="color: #000000; font-weight: normal; font-style: normal;">14</font></div>
        <div id="DSPFPageBreak" style="page-break-after: always;">
          <hr noshade="noshade" style="border-width: 0px; clear: both; margin: 4px 0px; width: 100%; height: 2px; color: #000000; background-color: #000000;"></div>
      </div>
      <div style="line-height: 1.25">&#160;</div>
      <table cellspacing="0" cellpadding="0" id="z51f67775dc424afb9e2dd108e9a81e7f" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; text-align: left; color: #000000; width: 100%;">

          <tr>
            <td valign="bottom" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">
              <div style="line-height: 1.25;">
                <div style="line-height: 1.25;">Name</div>
              </div>
            </td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; padding-bottom: 2px;"><br>
            </td>
            <td valign="bottom" colspan="2" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">
              <div style="line-height: 1.25;">
                <div style="text-align: center; line-height: 1.25;">Number of Shares</div>
              </div>
            </td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; padding-bottom: 2px;"><br>
            </td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; padding-bottom: 2px;"><br>
            </td>
            <td valign="bottom" colspan="2" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">
              <div style="line-height: 1.25;">
                <div style="text-align: center; line-height: 1.25;">Percent</div>
              </div>
            </td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; padding-bottom: 2px;"><br>
            </td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: bottom; width: 76%; background-color: rgb(204, 238, 255);">
              <div style="line-height: 1.25;">FIMI Funds (1).&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</div>
            </td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255);">
              <div style="line-height: 1.25;">18,801,865</div>
            </td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255);">
              <div style="line-height: 1.25;">33.8</div>
            </td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">
              <div style="line-height: 1.25;">%</div>
            </td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: bottom; width: 76%;">
              <div style="line-height: 1.25;">Mivtah Shamir Holdings Ltd. (2)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</div>
            </td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">
              <div style="line-height: 1.25;">5,375,647</div>
            </td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">
              <div style="line-height: 1.25;">9.7</div>
            </td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">
              <div style="line-height: 1.25;">%</div>
            </td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: bottom; width: 76%; background-color: rgb(204, 238, 255);">
              <div style="line-height: 1.25;">Renaissance Technologies LLC., and Renaissance Technologies Holdings Corporation (3)</div>
            </td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255);">
              <div style="line-height: 1.25;">2,957,417</div>
            </td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255);">
              <div style="line-height: 1.25;">5.3</div>
            </td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">
              <div style="line-height: 1.25;">%</div>
            </td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: bottom; width: 76%;">
              <div style="line-height: 1.25;">All directors and executive officers as a group (16 persons) (4)</div>
            </td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">
              <div style="line-height: 1.25;">1,729,895</div>
            </td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">
              <div style="line-height: 1.25;">3.1</div>
            </td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">
              <div style="line-height: 1.25;">%</div>
            </td>
          </tr>

      </table>
      <div style="text-align: justify; text-indent: -21.25pt; margin-left: 56.7pt; line-height: 1.25;">____________________________________________________</div>
      <div style="line-height: 1.25;"><br style="line-height: 1.25;">
      </div>
      <div>
        <table cellspacing="0" cellpadding="0" id="z88b5571aef8545ee9770c8659ea193e1" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

            <tr>
              <td style="width: 45pt; vertical-align: top; align: right;">
                <div style="margin-left: 32.2pt; line-height: 1.25;">(1)</div>
              </td>
              <td style="width: auto; vertical-align: top;">
                <div style="text-align: justify; line-height: 1.25;">Based on a Schedule 13D/A filed on January 30, 2020 with the SEC and information provided to us by such shareholder, FIMI Opportunity IV, L.P., FIMI Israel Opportunity IV, Limited
                  Partnership (the &#8220;FIMI&#160; IV&#160; Funds&#8221;), FIMI Opportunity V, L.P., FIMI Israel Opportunity Five, Limited Partnership (the&#160; &#8220;FIMI V Funds&#8221; and together with the FIMI IV Funds, the &#8220;FIMI Funds&#8221;),&#160; FIMI IV 2007 Ltd., FIMI FIVE 2012 Ltd., Shira
                  and Ishay Davidi Management Ltd. and Mr. Ishay Davidi share voting and dispositive power with respect to the 18,801,865 Gilat Shares held by the FIMI Funds. FIMI IV 2007 Ltd. is the managing general partner of the FIMI IV Funds.&#160; FIMI
                  FIVE 2012 Ltd. is the managing general partner of the FIMI V Funds. Shira and Ishay Davidi Management Ltd. controls FIMI IV 2007 Ltd. and FIMI FIVE 2012 Ltd. Mr. Ishay Davidi controls Shira and Ishay Davidi Management Ltd. and is the
                  Chief Executive Officer of all the entities listed above. The principal business address of each of the above entities and of Mr. Davidi is c/o FIMI IV 2007 Ltd., Alon Building 2, 94 Yigal Alon St., Tel-Aviv 6789139, Israel.</div>
              </td>
            </tr>

        </table>
      </div>
      <div style="line-height: 1.25;"><br style="line-height: 1.25;">
      </div>
      <div>
        <table cellspacing="0" cellpadding="0" id="za78d6741679a427499a32d27abd9eb8d" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

            <tr>
              <td style="width: 45pt; vertical-align: top; align: right;">
                <div style="margin-left: 32.2pt; line-height: 1.25;">(2)</div>
              </td>
              <td style="width: auto; vertical-align: top;">
                <div style="text-align: justify; line-height: 1.25;">Based on a Schedule 13G/A filed on April 7, 2016 with the SEC by Mivtach Shamir Holdings Ltd. and information provided to us by such shareholder. The principal office of Mivtach Shamir&#160;&#160;
                  Holdings Ltd. is 27 Habarzel Street, Tel-Aviv.</div>
              </td>
            </tr>

        </table>
      </div>
      <div style="line-height: 1.25;"><br style="line-height: 1.25;">
      </div>
      <div>
        <table cellspacing="0" cellpadding="0" id="zb218df955fcb4b279a6e5b5bcebaceec" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

            <tr>
              <td style="width: 45pt; vertical-align: top; align: right;">
                <div style="margin-left: 32.2pt; line-height: 1.25;">(3)</div>
              </td>
              <td style="width: auto; vertical-align: top;">
                <div style="text-align: justify; line-height: 1.25;">Based on Schedule 13G/A filed on February 13, 2020, with the SEC by Renaissance Technologies LLC., or RTC and Renaissance Technologies Holdings Corporation. The principal office of
                  Renaissance Technologies LLC and Renaissance Technologies Holdings Corporation is 800 Third Avenue, New York, New York 10022.</div>
              </td>
            </tr>

        </table>
      </div>
      <div style="line-height: 1.25;"><br style="line-height: 1.25;">
      </div>
      <div>
        <table cellspacing="0" cellpadding="0" id="z291745822cf4463bafa6ee2ee37ce8e5" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

            <tr>
              <td style="width: 45pt; vertical-align: top; align: right;">
                <div style="margin-left: 32.2pt; line-height: 1.25;">(4)</div>
              </td>
              <td style="width: auto; vertical-align: top;">
                <div style="text-align: justify; line-height: 1.25;">As of November 16, 2020, all directors and executive officers as a group (16 persons) held 661,398 options that are vested or that vest within 60 days of November 16, 2020.</div>
              </td>
            </tr>

        </table>
      </div>
      <div style="line-height: 1.25;"><br style="line-height: 1.25;">
      </div>
      <div style="text-align: justify; line-height: 1.25; font-weight: bold;">Compensation of Executive Officers</div>
      <div style="line-height: 1.25;"><br style="line-height: 1.25;">
      </div>
      <div style="text-align: justify; text-indent: 36pt; line-height: 1.25;">The 2019 annual compensation of our five most highly-compensated executive officers, as recorded in our 2019 annual financial statements, is outlined in Item 6.B. of our Annual
        Report on Form 20-F for the year ended December 31, 2019, as filed with the Securities and Exchange Commission, which can be viewed on our website at <u>www.gilat.com</u> and on the SEC website at&#160;<u>www.sec.gov</u><u>.</u></div>
      <div style="line-height: 1.25;"><br style="line-height: 1.25;">
      </div>
      <div style="text-align: justify; margin-right: 36pt; line-height: 1.25; font-weight: bold;">Shareholder Communications with the Board of Directors</div>
      <div style="line-height: 1.25;"><br style="line-height: 1.25;">
      </div>
      <div style="text-align: justify; text-indent: 36pt; margin-right: 0.2pt; line-height: 1.25;">Our shareholders may communicate with the members of our Board of Directors by writing directly to the Board of Directors or to specified individual
        Directors to the attention of:</div>
      <div style="line-height: 1.25;"><br style="line-height: 1.25;">
      </div>
      <div style="text-align: justify; text-indent: 72pt; margin-right: 36pt; line-height: 1.25;">Yael Shofar, Corporate Secretary</div>
      <div style="text-align: justify; text-indent: 72pt; margin-right: 36pt; line-height: 1.25;">Gilat Satellite Networks Ltd.</div>
      <div style="text-align: justify; text-indent: 72pt; margin-right: 36pt; line-height: 1.25;">21 Yegia Kapayim Street</div>
      <div style="text-align: justify; text-indent: 72pt; margin-right: 36pt; line-height: 1.25;">Kiryat Arye</div>
      <div style="text-align: justify; text-indent: 72pt; margin-right: 36pt; line-height: 1.25;">Petah Tikva 49130 Israel</div>
      <div style="text-align: justify; text-indent: 72pt; margin-right: 36pt; line-height: 1.25;">Email: <u>yaelsh@gilat.com</u></div>
      <div style="text-align: justify; margin-right: 36pt; line-height: 1.25;"><br style="line-height: 1.25;">
      </div>
      <div style="text-align: justify; text-indent: 36pt; margin-right: 0.2pt; line-height: 1.25;">Our Corporate Secretary will deliver any shareholder communications to the specified individual Director, if so addressed, or otherwise to one of our
        Directors who can address the matter.</div>
      <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
        <div id="DSPFPageNumberArea" style="text-align: center;"><font id="DSPFPageNumber" style="color: #000000; font-weight: normal; font-style: normal;">15</font></div>
        <div id="DSPFPageBreak" style="page-break-after: always;">
          <hr noshade="noshade" style="border-width: 0px; clear: both; margin: 4px 0px; width: 100%; height: 2px; color: #000000; background-color: #000000;"></div>
      </div>
      <div style="line-height: 1.25;"><br style="line-height: 1.25;">
      </div>
      <div style="text-align: justify; margin-right: 36pt; line-height: 1.25; font-weight: bold;">Shareholder Proposals for 2021 Annual General Meeting of Shareholders</div>
      <div style="line-height: 1.25;"><br style="line-height: 1.25;">
      </div>
      <div style="text-align: justify; margin-right: 0.2pt; line-height: 1.25;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;Under the ICL, shareholders who severally or jointly hold at least 1% of our outstanding voting rights are entitled to request that the Board of Directors include a
        proposal in a future shareholders meeting, provided that such proposal is appropriate for consideration by shareholders at such meeting.&#160; To be considered for inclusion in our proxy statement for our 2021 annual general meeting of shareholders
        pursuant to the ICL, shareholder proposals must be in writing and must be properly submitted to 21 Yegia Kapayim Street, Kiryat Arye, Petah Tikva 49130 Israel, Attention: Corporate Secretary, and must otherwise comply with the requirements of the
        ICL.&#160; The written proposal must be received by Gilat not less than 90 calendar days prior to the first anniversary of the 2020 Annual General Meeting of Shareholders (i.e., no later than September 30, 2021); provided that if the date of the 2021
        annual general meeting of shareholders is advanced by more than 30 calendar days prior to, or delayed (other than as a result of adjournment) by more than 30 calendar days after, the anniversary of the 2020 Annual General Meeting of Shareholders,
        for a proposal by a shareholder to be timely it must be so delivered not later than the 7th calendar day following the day on which we call and provide notice of the 2021 annual general meeting of shareholders.</div>
      <div style="line-height: 1.25;"><br style="line-height: 1.25;">
      </div>
      <div style="text-align: justify; text-indent: 36pt; margin-right: 0.2pt; line-height: 1.25;">We currently expect that the agenda for our annual general meeting of shareholders to be held in 2021 will include (1) the election (or reelection) of
        directors; (2) the approval of the appointment (or reappointment) of the Company&#8217;s auditors; and (3) presentation and discussion of the financial statements of the Company for the year ended December 31, 2020 and the auditors&#8217; report for this
        period.&#160; In general, a shareholder proposal must be in English and must set forth (i) the name, business address, telephone number, fax number and email address of the proposing shareholder (and each member of the group constituting the proposing
        shareholder, if applicable) and, if not a natural person, the same information with respect to the person(s) that controls or manages such person, (ii) the number of ordinary shares held by the proposing shareholder, directly or indirectly,
        including if beneficially owned by the proposing shareholder (within the meaning of Rule 13d-3 promulgated under the United States Securities Exchange Act of 1934, as amended); if any of such ordinary shares are held indirectly, an explanation of
        how they are held and by whom, and, if such proposing shareholder is not the holder of record of any such ordinary shares, a written statement from an authorized bank, broker, depository or other nominee, as the case may be, indicating the number
        of ordinary shares the proposing shareholder is entitled to vote as of a date that is no more than ten (10) days prior to the date of delivery of the shareholder proposal, (iii) any agreements, arrangements, understandings or relationships between
        the proposing shareholder and any other person with respect to any securities of the Company or the subject matter of the shareholder proposal, including any derivative, swap or other transaction or series of transactions engaged in, directly or
        indirectly, by such proposing shareholder, the purpose or effect of which is to give such proposing shareholder economic risk similar to ownership of shares of any class or series of the company, (iv) the proposing shareholder&#8217;s purpose in making
        the proposal, (v) the complete text of the resolution that the proposing shareholder proposes to be voted upon at the 2021 annual general meeting of shareholders, (vi) a statement of whether the proposing shareholder has a personal interest in the
        proposal and, if so, a description in reasonable detail of such personal interest, (vii) a declaration that all the information that is required under the ICL and any other applicable law to be provided to the company in connection with such
        subject, if any, has been provided, (viii) if the proposal is to nominate a candidate for election to the board of directors, a questionnaire and declaration, in form and substance reasonably requested by the company, signed by the nominee with
        respect to matters relating to his or her identity, address, background, credentials, expertise, etc., and his or her consent to be named as a candidate and, if elected, to serve on the board of directors, and (ix) any other information reasonably
        requested by the company.&#160; We shall be entitled to publish information provided by a proposing shareholder, and the proposing shareholder shall be responsible for the accuracy thereof.&#160; In addition, shareholder proposals must otherwise comply with
        applicable law and our Articles of Association.&#160; The company may disregard shareholder proposals that are not timely and validly submitted.</div>
      <div style="line-height: 1.25;"><br style="line-height: 1.25;">
      </div>
      <div style="text-align: justify; text-indent: 36pt; margin-right: 0.2pt; line-height: 1.25;">The information set forth in this section is, and should be construed, as a &#8220;pre-announcement notice&#8221; of the 2021 annual general meeting of shareholders in
        accordance with Rule 5C of Israel&#8217;s Companies Regulations (Notice of General and Class Meetings in a Public Company), 2000, as amended.</div>
      <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
        <div id="DSPFPageNumberArea" style="text-align: center;"><font id="DSPFPageNumber" style="color: #000000; font-weight: normal; font-style: normal;">16</font></div>
        <div id="DSPFPageBreak" style="page-break-after: always;">
          <hr noshade="noshade" style="border-width: 0px; clear: both; margin: 4px 0px; width: 100%; height: 2px; color: #000000; background-color: #000000;"></div>
      </div>
      <div style="line-height: 1.25;"><br style="line-height: 1.25;">
      </div>
      <div style="text-align: center; line-height: 1.25; font-weight: bold;">Annex A</div>
      <div style="line-height: 1.25;"><br style="line-height: 1.25;">
      </div>
      <div style="text-align: center; line-height: 1.25; font-weight: bold;">Annual Cash Bonus Plan for the Chief Executive Officer</div>
      <div style="line-height: 1.25;"><br style="line-height: 1.25;">
      </div>
      <div>
        <table cellspacing="0" cellpadding="0" id="za276f50244ec4d97ada3cfd8672abf40" 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; vertical-align: top; align: right;">
                <div style="margin-left: 18pt; line-height: 1.25; font-style: italic; font-weight: bold;">I.</div>
              </td>
              <td style="width: auto; vertical-align: top;">
                <div style="text-align: justify; line-height: 1.25; font-style: italic; font-weight: bold;"><u>Annual Bonus Plan Years</u>:</div>
              </td>
            </tr>

        </table>
      </div>
      <div style="line-height: 1.25;"><br style="line-height: 1.25;">
      </div>
      <div>
        <table cellspacing="0" cellpadding="0" id="zfdd5948ab44b478799cd44ac86d86b10" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

            <tr>
              <td style="width: 49.65pt; vertical-align: top; align: right;">
                <div style="margin-left: 35.45pt; line-height: 1.25;">&#8226;</div>
              </td>
              <td style="width: auto; vertical-align: top;">
                <div style="text-align: justify; line-height: 1.25;">Fiscal years 2021, 2022 and 2023</div>
              </td>
            </tr>

        </table>
      </div>
      <div style="line-height: 1.25;"><br style="line-height: 1.25;">
      </div>
      <div>
        <table cellspacing="0" cellpadding="0" id="z9c61723e239341aabb6c45c0d6c3f77f" 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; vertical-align: top; align: right;">
                <div style="margin-left: 18pt; line-height: 1.25; font-style: italic; font-weight: bold;">II.</div>
              </td>
              <td style="width: auto; vertical-align: top;">
                <div style="text-align: justify; line-height: 1.25; font-style: italic; font-weight: bold;"><u>Eligibility Threshold for Annual Bonuses</u>:</div>
              </td>
            </tr>

        </table>
      </div>
      <div style="line-height: 1.25;"><br style="line-height: 1.25;">
      </div>
      <div>
        <table cellspacing="0" cellpadding="0" id="z5c10443f65074604bdb34caa87264877" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

            <tr>
              <td style="width: 49.65pt; vertical-align: top; align: right;">
                <div style="margin-left: 35.45pt; line-height: 1.25;">&#8226;</div>
              </td>
              <td style="width: auto; vertical-align: top;">
                <div style="text-align: justify; line-height: 1.25;">Achievement of 80% of the Company&#8217;s target operating profit metric for the applicable fiscal year, as set by the Compensation Committee and the Board at the beginning of the applicable
                  fiscal year.</div>
              </td>
            </tr>

        </table>
      </div>
      <div style="line-height: 1.25;"><br style="line-height: 1.25;">
      </div>
      <div>
        <table cellspacing="0" cellpadding="0" id="z413e272cbd5a46d58fdc51d3bb93d316" 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; vertical-align: top; align: right;">
                <div style="margin-left: 18pt; line-height: 1.25; font-style: italic; font-weight: bold;">III.</div>
              </td>
              <td style="width: auto; vertical-align: top;">
                <div style="text-align: justify; line-height: 1.25; font-style: italic; font-weight: bold;"><u>Annual Bonuses</u>:</div>
              </td>
            </tr>

        </table>
      </div>
      <div style="line-height: 1.25;"><br style="line-height: 1.25;">
      </div>
      <div>
        <table cellspacing="0" cellpadding="0" id="zd683af6fe0b74da5a588de63942e0616" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

            <tr>
              <td style="width: 49.65pt; vertical-align: top; align: right;">
                <div style="margin-left: 35.45pt; line-height: 1.25;">&#8226;</div>
              </td>
              <td style="width: auto; vertical-align: top;">
                <div style="text-align: justify; line-height: 1.25;"><u>Maximum Bonus Per Fiscal Year</u>:</div>
              </td>
            </tr>

        </table>
      </div>
      <div>
        <table cellspacing="0" cellpadding="0" id="z7380ee77e15d41ec89b1b7f0ad56b8a1" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

            <tr>
              <td style="width: 90pt; vertical-align: top; align: right;">
                <div style="margin-left: 72pt; line-height: 1.25;">o</div>
              </td>
              <td style="width: auto; vertical-align: top;">
                <div style="text-align: justify; line-height: 1.25;"><font style="font-style: italic;">Basic Bonus &#8211;</font> 6 (six) base monthly salaries.</div>
              </td>
            </tr>

        </table>
      </div>
      <div>
        <table cellspacing="0" cellpadding="0" id="z3f86004541e7464daaba70257c6a7aa9" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

            <tr>
              <td style="width: 90pt; vertical-align: top; align: right;">
                <div style="margin-left: 72pt; line-height: 1.25;">o</div>
              </td>
              <td style="width: auto; vertical-align: top;">
                <div style="text-align: justify; line-height: 1.25;"><font style="font-style: italic;">Over-Achievement Bonus &#8211;</font> 2.5 (two and one-half) base monthly salaries.</div>
              </td>
            </tr>

        </table>
      </div>
      <div style="line-height: 1.25;"><br style="line-height: 1.25;">
      </div>
      <div>
        <table cellspacing="0" cellpadding="0" id="zc31ed2770ec74dadab82625bcd716656" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

            <tr>
              <td style="width: 49.65pt; vertical-align: top; align: right;">
                <div style="margin-left: 35.45pt; line-height: 1.25;">&#8226;</div>
              </td>
              <td style="width: auto; vertical-align: top;">
                <div style="text-align: justify; line-height: 1.25;"><u>Bonus Criteria</u>: (i) profitability targets (more than 50%); (ii) operational targets; and (iii) non-measurable quantitative performance targets (not more than 20%).</div>
              </td>
            </tr>

        </table>
      </div>
      <div style="line-height: 1.25;"><br style="line-height: 1.25;">
      </div>
      <div>
        <table cellspacing="0" cellpadding="0" id="z0fec34ed8ebb4a2d96b8706ba17c28ac" 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; vertical-align: top; align: right;">
                <div style="margin-left: 18pt; line-height: 1.25; font-style: italic; font-weight: bold;">IV.</div>
              </td>
              <td style="width: auto; vertical-align: top;">
                <div style="text-align: justify; line-height: 1.25; font-style: italic; font-weight: bold;"><u>Partial Deferral</u>:</div>
              </td>
            </tr>

        </table>
      </div>
      <div style="line-height: 1.25;"><br style="line-height: 1.25;">
      </div>
      <div>
        <table cellspacing="0" cellpadding="0" id="zf8114098330542f7a3cf862eb4dc327a" 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; vertical-align: top; align: right;">
                <div style="margin-left: 36pt; line-height: 1.25;">&#8226;</div>
              </td>
              <td style="width: auto; vertical-align: top;">
                <div style="text-align: justify; line-height: 1.25;">In accordance with the Company&#8217;s compensation policy for executive officers and directors, 20% of the aggregate bonus payable for each fiscal year shall be deferred and paid subject to
                  achievement in the subsequent fiscal year of at least 80% of the target profitability metric for the subsequent fiscal year.</div>
              </td>
            </tr>

        </table>
      </div>
      <div style="line-height: 1.25;"><br style="line-height: 1.25;">
      </div>
      <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
        <div id="DSPFPageNumberArea" style="text-align: center;"><font id="DSPFPageNumber" style="color: #000000; font-weight: normal; font-style: normal;">17</font></div>
        <div id="DSPFPageBreak" style="page-break-after: always;">
          <hr noshade="noshade" style="border-width: 0px; clear: both; margin: 4px 0px; width: 100%; height: 2px; color: #000000; background-color: #000000;"></div>
      </div>
      <div>
        <div style="text-align: center; line-height: 1.25; font-weight: bold;">GILAT SATELLITE NETWORKS LTD.</div>
        <div style="line-height: 1.25;"><br style="line-height: 1.25;">
        </div>
        <div style="text-align: center; line-height: 1.25; font-weight: bold;">THIS PROXY IS SOLICITED ON BEHALF OF THE BOARD OF DIRECTORS</div>
        <div style="line-height: 1.25;"><br style="line-height: 1.25;">
        </div>
        <div style="text-align: justify; line-height: 1.25;">The undersigned hereby appoints Dov Baharav, Yael Shofar and Avivit Swisa, or any of them, attorneys or attorney-in-fact, for and in the name(s) of the undersigned, with power of substitution and
          revocation in each to vote any and all ordinary shares, nominal value NIS 0.20 per share, of Gilat Satellite Networks Ltd. (the &#8220;Company&#8221;), which the undersigned would be entitled to vote as fully as the undersigned could if personally present at
          the Annual General Meeting of Shareholders of the Company to be held on December 28, 2020 at 2 p.m. (Israel time) at the offices of the Company, 21 Yegia Kapayim Street, Kiryat Arye, Petah Tikva 4913020, Israel, and at any adjournment or
          adjournments thereof (the &#8220;<font style="font-weight: bold;">Meeting</font>&#8221;), hereby revoking any prior proxies to vote said shares, upon the following items of business more fully described in the notice of and proxy statement for such Annual
          General Meeting (receipt of which is hereby acknowledged).</div>
        <div style="line-height: 1.25;"><br style="line-height: 1.25;">
        </div>
        <div style="text-align: justify; line-height: 1.25;">In light of the recent outbreak of the coronavirus (COVID-19) pandemic, the Company reserves the option to convert the Meeting from a physical meeting to a virtual meeting at a later date. In
          such event, the Company will issue a press release and furnish a Form 6-K or other document with the SEC prior to the date of the General Meeting outlining the manner in which shareholders may attend the virtual meeting.</div>
        <div style="line-height: 1.25;"><br style="line-height: 1.25;">
        </div>
        <div style="text-align: justify; line-height: 1.25; font-weight: bold;">THIS PROXY WHEN PROPERLY EXECUTED WILL BE VOTED AS SPECIFIED.</div>
        <div style="line-height: 1.25;"><br style="line-height: 1.25;">
        </div>
        <div style="text-align: center; line-height: 1.25; font-weight: bold;">(Continued and to be signed on the reverse side)</div>
        <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
          <div id="DSPFPageBreak" style="page-break-after: always;">
            <hr noshade="noshade" style="border-width: 0px; clear: both; margin: 4px 0px; width: 100%; height: 2px; color: #000000; background-color: #000000;"></div>
        </div>
        <div style="line-height: 1.25;"><br style="line-height: 1.25;">
        </div>
        <div style="text-align: center; line-height: 1.25; font-weight: bold;">ANNUAL GENERAL MEETING OF SHAREHOLDERS OF</div>
        <div style="line-height: 1.25;"><br style="line-height: 1.25;">
        </div>
        <div style="text-align: center; line-height: 1.25; font-weight: bold;">GILAT SATELLITE NETWORKS LTD.</div>
        <div style="line-height: 1.25;"><br style="line-height: 1.25;">
        </div>
        <div style="text-align: center; line-height: 1.25; font-weight: bold;">December 28, 2020</div>
        <div style="line-height: 1.25;"><br style="line-height: 1.25;">
        </div>
        <div style="text-align: center; line-height: 1.25; font-weight: bold;">Please date, sign and mail</div>
        <div style="text-align: center; line-height: 1.25; font-weight: bold;">your proxy card in the</div>
        <div style="text-align: center; line-height: 1.25; font-weight: bold;">envelope provided as soon</div>
        <div style="text-align: center; line-height: 1.25; font-weight: bold;">as possible.</div>
        <div style="line-height: 1.25;"><br style="line-height: 1.25;">
        </div>
        <div style="text-align: center; line-height: 1.25; font-weight: bold;">Please detach along perforated line and mail in the envelope provided.</div>
        <div style="text-align: center; line-height: 1.25; font-weight: bold;">----------------------------------------------------------------------------------------------------------------------</div>
        <div style="line-height: 1.25; font-weight: bold;">_____________________________________________________________________________</div>
        <div style="text-align: justify; line-height: 1.25;">THE BOARD OF DIRECTORS RECOMMENDS A VOTE &#8220;FOR&#8221; THE ELECTION OF THE NOMINEES FOR DIRECTOR IN ITEMS 1 AND 2 AND &#8220;FOR&#8221; THE APPROVAL OF THE PROPOSALS UNDER ITEMS 3 THROUGH 7.</div>
        <div style="line-height: 1.25;"><br style="line-height: 1.25;">
        </div>
        <div style="text-align: justify; line-height: 1.25;">PLEASE SIGN, DATE AND RETURN PROMPTLY IN THE ENCLOSED ENVELOPE.&#160; PLEASE MARK YOUR VOTE IN BLUE OR BLACK INK AS SHOWN HERE &#9746;</div>
        <div style="line-height: 1.25;"><br style="line-height: 1.25;">
        </div>
        <div style="text-align: justify; line-height: 1.25;"><font style="font-weight: bold;">Items 2, 4, 5 and 6 require an indication of &#8220;Personal Interest&#8221; in the resolution and </font><font style="font-weight: bold;">whether</font>&#160;<font style="font-weight: bold;">the&#160;undersigned </font><font style="font-weight: bold;">is a &#8220;Controlling Shareholder&#8221; </font><font style="font-weight: bold;">(as such terms are defined under the Israeli&#160;Companies Law, 5759-1999 (the &#8220;ICL&#8221;)).</font></div>
        <div style="text-align: justify; line-height: 1.25; font-weight: bold;">&#160;</div>
        <div style="text-align: justify; line-height: 1.25; font-weight: bold;">For information regarding the definitions of &#8220;Personal Interest&#8221; and &#8220;Controlling Shareholder&#8221;, please see the explanation in Proposal II of the Proxy Statement.</div>
        <div style="text-align: justify; line-height: 1.25;">___________________________________________________________________________</div>
        <div style="line-height: 1.25;"><br style="line-height: 1.25;">
        </div>
        <div>
          <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="ze0a36995f0dc410cb0277d8e6aa9ce2c">

              <tr>
                <td style="width: 36pt; vertical-align: top; align: right;">
                  <div style="line-height: 1.25;">(1)</div>
                </td>
                <td style="width: auto; vertical-align: top;">
                  <div style="text-align: justify; line-height: 1.25;">To re-elect six members of the Board of Directors until our next annual general meeting of shareholders and until their successors have been duly elected and qualified</div>
                </td>
              </tr>

          </table>
        </div>
        <div style="line-height: 1.25;"><br style="line-height: 1.25;">
        </div>
        <div style="line-height: 1.25;">
          <table cellspacing="0" cellpadding="0" border="0" id="zbe0bd7cefd7d472dac402685afeb6f66" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; color: #000000; width: 100%;">

              <tr>
                <td style="width: 9.99%;">
                  <div>&#160;</div>
                </td>
                <td style="width: 9.99%;">
                  <div>&#160;</div>
                </td>
                <td style="width: 9.99%;">
                  <div>&#160;</div>
                </td>
                <td style="width: 9.99%;">
                  <div style="text-align: center;"><font style="font-family: 'Times New Roman',Times,serif; font-weight: bold;">FOR</font></div>
                </td>
                <td style="width: 9.99%;">
                  <div style="text-align: center;"><font style="font-family: 'Times New Roman',Times,serif; font-weight: bold;">AGAINST</font></div>
                </td>
                <td style="width: 9.99%;">
                  <div style="text-align: center;"><font style="font-family: 'Times New Roman',Times,serif; font-weight: bold;">ABSTAIN</font></div>
                </td>
                <td style="width: 9.99%;">
                  <div>&#160;</div>
                </td>
                <td style="width: 9.99%;">
                  <div>&#160;</div>
                </td>
                <td style="width: 9.99%;">
                  <div>&#160;</div>
                </td>
                <td style="width: 9.99%;">
                  <div>&#160;</div>
                </td>
              </tr>
              <tr>
                <td style="width: 9.99%;">
                  <div style="text-align: right;">&#160;a.</div>
                </td>
                <td colspan="2" rowspan="1" style="width: 19.97%;">
                  <div style="text-align: left; line-height: 1.25;">&#160;&#160; Dov Baharav (re-elect)</div>
                </td>
                <td style="width: 9.99%;">
                  <div style="text-align: center;">&#9744;</div>
                </td>
                <td style="width: 9.99%;">
                  <div style="text-align: center;">&#9744;</div>
                </td>
                <td style="width: 9.99%;">
                  <div style="text-align: center;">&#9744;</div>
                </td>
                <td style="width: 9.99%;">
                  <div>&#160;</div>
                </td>
                <td style="width: 9.99%;">
                  <div>&#160;</div>
                </td>
                <td style="width: 9.99%;">
                  <div>&#160;</div>
                </td>
                <td style="width: 9.99%;">
                  <div>&#160;</div>
                </td>
              </tr>
              <tr>
                <td style="width: 9.99%;">
                  <div style="text-align: right;">&#160;b.</div>
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                <td colspan="2" rowspan="1" style="width: 19.97%;">
                  <div>
                    <div style="text-align: left; line-height: 1.25;">&#160;&#160; Amiram Boehm (re-elect)</div>
                  </div>
                </td>
                <td style="width: 9.99%;">
                  <div style="text-align: center;">&#9744;</div>
                </td>
                <td style="width: 9.99%;">
                  <div style="text-align: center;">&#9744;</div>
                </td>
                <td style="width: 9.99%;">
                  <div style="text-align: center;">&#9744;</div>
                </td>
                <td style="width: 9.99%;">
                  <div>&#160;</div>
                </td>
                <td style="width: 9.99%;">
                  <div>&#160;</div>
                </td>
                <td style="width: 9.99%;">
                  <div>&#160;</div>
                </td>
                <td style="width: 9.99%;">
                  <div>&#160;</div>
                </td>
              </tr>
              <tr>
                <td style="width: 9.99%;">
                  <div style="text-align: right;">&#160;c.</div>
                </td>
                <td colspan="2" rowspan="1" style="width: 19.97%;">
                  <div>
                    <div style="text-align: left; line-height: 1.25;">&#160;&#160; Ishay Davidi (re-elect)</div>
                  </div>
                </td>
                <td style="width: 9.99%;">
                  <div style="text-align: center;">&#9744;</div>
                </td>
                <td style="width: 9.99%;">
                  <div style="text-align: center;">&#9744;</div>
                </td>
                <td style="width: 9.99%;">
                  <div style="text-align: center;">&#9744;</div>
                </td>
                <td style="width: 9.99%;">
                  <div>&#160;</div>
                </td>
                <td style="width: 9.99%;">
                  <div>&#160;</div>
                </td>
                <td style="width: 9.99%;">
                  <div>&#160;</div>
                </td>
                <td style="width: 9.99%;">
                  <div>&#160;</div>
                </td>
              </tr>
              <tr>
                <td style="width: 9.99%;">
                  <div style="text-align: right;">&#160;d.</div>
                </td>
                <td colspan="2" rowspan="1" style="width: 19.97%;">
                  <div>
                    <div style="text-align: left; line-height: 1.25;">&#160;&#160; Aylon (Lonny) Rafaeli (re-elect)</div>
                  </div>
                </td>
                <td style="width: 9.99%;">
                  <div style="text-align: center;">&#9744;</div>
                </td>
                <td style="width: 9.99%;">
                  <div style="text-align: center;">&#9744;</div>
                </td>
                <td style="width: 9.99%;">
                  <div style="text-align: center;">&#9744;</div>
                </td>
                <td style="width: 9.99%;">
                  <div>&#160;</div>
                </td>
                <td style="width: 9.99%;">
                  <div>&#160;</div>
                </td>
                <td style="width: 9.99%;">
                  <div>&#160;</div>
                </td>
                <td style="width: 9.99%;">
                  <div>&#160;</div>
                </td>
              </tr>
              <tr>
                <td style="width: 9.99%;">
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                  <div>&#160;&#160; Meir Shamir (re-elect) </div>
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                <td style="width: 9.99%;">
                  <div style="text-align: center;">&#9744;</div>
                </td>
                <td style="width: 9.99%;">
                  <div style="text-align: center;">&#9744;</div>
                </td>
                <td style="width: 9.99%;">
                  <div style="text-align: center;">&#9744;</div>
                </td>
                <td style="width: 9.99%;">
                  <div>&#160;</div>
                </td>
                <td style="width: 9.99%;">
                  <div>&#160;</div>
                </td>
                <td style="width: 9.99%;">
                  <div>&#160;</div>
                </td>
                <td style="width: 9.99%;">
                  <div>&#160;</div>
                </td>
              </tr>
              <tr>
                <td style="width: 9.99%;">
                  <div style="text-align: right;">&#160;f.</div>
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                <td colspan="2" rowspan="1" style="width: 19.97%;">
                  <div>
                    <div style="text-align: left; line-height: 1.25;">&#160;&#160; Dafna Sharir (re-elect)<br>
                    </div>
                  </div>
                </td>
                <td style="width: 9.99%;">
                  <div style="text-align: center;">&#9744;</div>
                </td>
                <td style="width: 9.99%;">
                  <div style="text-align: center;">&#9744;</div>
                </td>
                <td style="width: 9.99%;">
                  <div style="text-align: center;">&#9744;</div>
                </td>
                <td style="width: 9.99%;">
                  <div>&#160;</div>
                </td>
                <td style="width: 9.99%;">
                  <div>&#160;</div>
                </td>
                <td style="width: 9.99%;">
                  <div>&#160;</div>
                </td>
                <td style="width: 9.99%;">
                  <div>&#160;</div>
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          </table>
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        <div style="margin-right: 72pt; margin-left: 36pt; line-height: 1.25;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="font-weight: bold;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font></div>
        <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
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        <div>
          <div> <br>
          </div>
        </div>
        <div style="line-height: 1.25;">
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              <tr>
                <td style="width: 4%;">
                  <div>
                    <div style="text-align: left; line-height: 1.25;">(2)</div>
                  </div>
                </td>
                <td colspan="8" rowspan="1">
                  <div>
                    <div style="text-align: left; line-height: 1.25;">to elect Mr. Ami Shafran to serve as an external director for a three-year term</div>
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                </td>
                <td style="width: 8.33%;">
                  <div>&#160;</div>
                </td>
                <td style="width: 8.33%;">
                  <div>&#160;</div>
                </td>
                <td style="width: 12%;">
                  <div>&#160;</div>
                </td>
              </tr>
              <tr>
                <td rowspan="1" style="width: 4%;">&#160;</td>
                <td colspan="4" rowspan="1">&#160;</td>
                <td rowspan="1" style="width: 8.33%;">&#160;</td>
                <td rowspan="1" style="width: 8.33%;">&#160;</td>
                <td rowspan="1" style="width: 8.33%;">&#160;</td>
                <td rowspan="1" style="width: 8.33%;">&#160;</td>
                <td rowspan="1" style="width: 8.33%;">&#160;</td>
                <td rowspan="1" style="width: 8.33%;">&#160;</td>
                <td rowspan="1" style="width: 12%;">&#160;</td>
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              <tr>
                <td style="width: 4%;">
                  <div>&#160;</div>
                </td>
                <td style="width: 6%;">
                  <div>&#9744;<font style="font-weight: bold;">&#160; FOR</font></div>
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                <td style="width: 8.33%;"><font style="font-weight: bold;">&#9744;<font style="font-weight: bold;">&#160; </font>AGAINST</font></td>
                <td style="width: 8.33%;">
                  <div>&#9744;<font style="font-weight: bold;">&#160; </font><font style="font-family: 'Times New Roman',Times,serif;"><font style="font-weight: bold;">ABSTAIN</font></font></div>
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                <td style="width: 8.33%;"><br>
                </td>
                <td style="width: 8.33%;">
                  <div>&#160;</div>
                </td>
                <td style="width: 8.33%;">
                  <div>&#160;</div>
                </td>
                <td style="width: 8.33%;">
                  <div>&#160;</div>
                </td>
                <td style="width: 8.33%;">
                  <div>&#160;</div>
                </td>
                <td style="width: 8.33%;">
                  <div>&#160;</div>
                </td>
                <td style="width: 8.33%;">
                  <div>&#160;</div>
                </td>
                <td style="width: 12%;">
                  <div>&#160;</div>
                </td>
              </tr>

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

              <tr>
                <td rowspan="1" style="width: 4%;">&#160;</td>
                <td rowspan="1" style="width: 4%; text-align: left; vertical-align: top;"><font style="font-family: 'Times New Roman',Times,serif;">2.A.</font></td>
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                  <div style="text-align: justify; line-height: 1.25;"><font style="font-family: 'Times New Roman',Times,serif;">By marking the &#8220;YES&#8221; box, you confirm that you are not a &#8220;controlling shareholder&#8221; and do not have a &#8220;personal interest&#8221; in the
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              </tr>
              <tr>
                <td rowspan="1" style="width: 4%;">&#160;</td>
                <td rowspan="1" style="width: 4%;">&#160;</td>
                <td rowspan="1" style="width: 8%;">&#160;</td>
                <td rowspan="1" style="width: 8.33%;">&#160;</td>
                <td rowspan="1" style="width: 8.33%;">&#160;</td>
                <td rowspan="1" style="width: 8.33%;">&#160;</td>
                <td rowspan="1" style="width: 8.33%;">&#160;</td>
                <td rowspan="1" style="width: 8.33%;">&#160;</td>
                <td rowspan="1" style="width: 8.33%;">&#160;</td>
                <td rowspan="1" style="width: 8.33%;">&#160;</td>
                <td rowspan="1" style="width: 12%;">&#160;</td>
                <td rowspan="1" style="width: 12%;">&#160;</td>
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              <tr>
                <td rowspan="1" style="width: 4%;">&#160;</td>
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                <td rowspan="1" style="width: 8.33%;">&#160;</td>
                <td rowspan="1" style="width: 8.33%;">&#160;</td>
                <td rowspan="1" style="width: 8.33%;">&#160;</td>
                <td rowspan="1" style="width: 8.33%;">&#160;</td>
                <td rowspan="1" style="width: 8.33%;">&#160;</td>
                <td rowspan="1" style="width: 8.33%;">&#160;</td>
                <td rowspan="1" style="width: 12%;">&#160;</td>
                <td rowspan="1" style="width: 12%;">&#160;</td>
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        <div style="text-align: justify; text-indent: 36pt; line-height: 1.25;"><br>
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        <div style="line-height: 1.25;">
          <div style="line-height: 1.25;">
            <table cellspacing="0" cellpadding="0" border="0" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; color: #000000; width: 100%;">

                <tr>
                  <td style="width: 4%;">
                    <div>
                      <div style="text-align: left; line-height: 1.25;">(3)</div>
                    </div>
                  </td>
                  <td colspan="6" rowspan="1">
                    <div>
                      <div style="text-align: left; line-height: 1.25;">
                        <div style="line-height: 1.25;">subject to his election under Item 2, to approve a grant of options to Mr. Shafran</div>
                      </div>
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                  </td>
                  <td style="width: 8.33%;">
                    <div>&#160;</div>
                  </td>
                  <td style="width: 8.33%;">
                    <div>&#160;</div>
                  </td>
                  <td style="width: 8.33%;">
                    <div>&#160;</div>
                  </td>
                  <td style="width: 8.33%;">
                    <div>&#160;</div>
                  </td>
                  <td style="width: 12%;">
                    <div>&#160;</div>
                  </td>
                </tr>
                <tr>
                  <td rowspan="1" style="width: 4%;">&#160;</td>
                  <td colspan="4" rowspan="1">&#160;</td>
                  <td rowspan="1" style="width: 8.33%;">&#160;</td>
                  <td rowspan="1" style="width: 8.33%;">&#160;</td>
                  <td rowspan="1" style="width: 8.33%;">&#160;</td>
                  <td rowspan="1" style="width: 8.33%;">&#160;</td>
                  <td rowspan="1" style="width: 8.33%;">&#160;</td>
                  <td rowspan="1" style="width: 8.33%;">&#160;</td>
                  <td rowspan="1" style="width: 12%;">&#160;</td>
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                  <td style="width: 4%;">
                    <div>&#160;</div>
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                  <td style="width: 6%;">
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                  <td style="width: 8.33%;"><font style="font-weight: bold;">&#9744;<font style="font-weight: bold;">&#160; </font>AGAINST</font></td>
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                    <div>&#9744;<font style="font-weight: bold;">&#160; </font><font style="font-family: 'Times New Roman',Times,serif;"><font style="font-weight: bold;">ABSTAIN</font></font></div>
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                  <td style="width: 8.33%;"><br>
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                  <td style="width: 8.33%;">
                    <div>&#160;</div>
                  </td>
                  <td style="width: 8.33%;">
                    <div>&#160;</div>
                  </td>
                  <td style="width: 8.33%;">
                    <div>&#160;</div>
                  </td>
                  <td style="width: 8.33%;">
                    <div>&#160;</div>
                  </td>
                  <td style="width: 8.33%;">
                    <div>&#160;</div>
                  </td>
                  <td style="width: 8.33%;">
                    <div>&#160;</div>
                  </td>
                  <td style="width: 12%;">
                    <div>&#160;</div>
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            </div>
          </div>
        </div>
        <div style="line-height: 1.25">
          <div style="line-height: 1.25;">
            <div style="line-height: 1.25;">
              <table cellspacing="0" cellpadding="0" border="0" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; color: #000000; width: 100%;">

                  <tr>
                    <td style="width: 4%;">
                      <div>
                        <div style="text-align: left; line-height: 1.25;">(4)</div>
                      </div>
                    </td>
                    <td colspan="6" rowspan="1">
                      <div>
                        <div style="text-align: left; line-height: 1.25;">
                          <div style="line-height: 1.25;">
                            <div style="line-height: 1.25;">to amend the Company&#8217;s compensation policy for directors and officers.</div>
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                    </td>
                    <td style="width: 8.33%;">
                      <div>&#160;</div>
                    </td>
                    <td style="width: 8.33%;">
                      <div>&#160;</div>
                    </td>
                    <td style="width: 8.33%;">
                      <div>&#160;</div>
                    </td>
                    <td style="width: 8.33%;">
                      <div>&#160;</div>
                    </td>
                    <td style="width: 12%;">
                      <div>&#160;</div>
                    </td>
                  </tr>
                  <tr>
                    <td rowspan="1" style="width: 4%;">&#160;</td>
                    <td colspan="4" rowspan="1">&#160;</td>
                    <td rowspan="1" style="width: 8.33%;">&#160;</td>
                    <td rowspan="1" style="width: 8.33%;">&#160;</td>
                    <td rowspan="1" style="width: 8.33%;">&#160;</td>
                    <td rowspan="1" style="width: 8.33%;">&#160;</td>
                    <td rowspan="1" style="width: 8.33%;">&#160;</td>
                    <td rowspan="1" style="width: 8.33%;">&#160;</td>
                    <td rowspan="1" style="width: 12%;">&#160;</td>
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                  <tr>
                    <td style="width: 4%;">
                      <div>&#160;</div>
                    </td>
                    <td style="width: 6%;">
                      <div>&#9744;<font style="font-weight: bold;">&#160; FOR</font></div>
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                    <td style="width: 8.33%;"><font style="font-weight: bold;">&#9744;<font style="font-weight: bold;">&#160; </font>AGAINST</font></td>
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                      <div>&#9744;<font style="font-weight: bold;">&#160; </font><font style="font-family: 'Times New Roman',Times,serif;"><font style="font-weight: bold;">ABSTAIN</font></font></div>
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                    <td style="width: 8.33%;"><br>
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                    <td style="width: 8.33%;">
                      <div>&#160;</div>
                    </td>
                    <td style="width: 8.33%;">
                      <div>&#160;</div>
                    </td>
                    <td style="width: 8.33%;">
                      <div>&#160;</div>
                    </td>
                    <td style="width: 8.33%;">
                      <div>&#160;</div>
                    </td>
                    <td style="width: 8.33%;">
                      <div>&#160;</div>
                    </td>
                    <td style="width: 8.33%;">
                      <div>&#160;</div>
                    </td>
                    <td style="width: 12%;">
                      <div>&#160;</div>
                    </td>
                  </tr>

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

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                        <td rowspan="1" style="width: 4%;">&#160;</td>
                        <td rowspan="1" style="width: 4%; text-align: left; vertical-align: top;"><font style="font-family: 'Times New Roman',Times,serif;">4.A.</font></td>
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                            <div style="line-height: 1.25;"><font style="font-family: 'Times New Roman',Times,serif;">By marking the &#8220;YES&#8221; box, you confirm that you are not a &#8220;controlling shareholder&#8221; and do not have a &#8220;personal interest&#8221; in the approval
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                        </td>
                      </tr>
                      <tr>
                        <td rowspan="1" style="width: 4%;">&#160;</td>
                        <td rowspan="1" style="width: 4%;">&#160;</td>
                        <td rowspan="1" style="width: 8%;">&#160;</td>
                        <td rowspan="1" style="width: 8.33%;">&#160;</td>
                        <td rowspan="1" style="width: 8.33%;">&#160;</td>
                        <td rowspan="1" style="width: 8.33%;">&#160;</td>
                        <td rowspan="1" style="width: 8.33%;">&#160;</td>
                        <td rowspan="1" style="width: 8.33%;">&#160;</td>
                        <td rowspan="1" style="width: 8.33%;">&#160;</td>
                        <td rowspan="1" style="width: 8.33%;">&#160;</td>
                        <td rowspan="1" style="width: 12%;">&#160;</td>
                        <td rowspan="1" style="width: 12%;">&#160;</td>
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                        <td rowspan="1" style="width: 4%;">&#160;</td>
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                        <td rowspan="1" style="width: 8.33%;">&#160;</td>
                        <td rowspan="1" style="width: 8.33%;">&#160;</td>
                        <td rowspan="1" style="width: 8.33%;">&#160;</td>
                        <td rowspan="1" style="width: 8.33%;">&#160;</td>
                        <td rowspan="1" style="width: 8.33%;">&#160;</td>
                        <td rowspan="1" style="width: 12%;">&#160;</td>
                        <td rowspan="1" style="width: 12%;">&#160;</td>
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                  </table>
                </div>
                <div style="line-height: 1.25; font-family: 'Times New Roman',Times,serif;">
                  <div style="line-height: 1.25;">
                    <div style="line-height: 1.25;">
                      <div><br>
                      </div>
                    </div>
                  </div>
                  <div style="line-height: 1.25">
                    <div style="line-height: 1.25;">
                      <div style="line-height: 1.25;">
                        <table cellspacing="0" cellpadding="0" border="0" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; color: #000000; width: 100%;">

                            <tr>
                              <td style="width: 4%;">
                                <div>
                                  <div style="text-align: left; line-height: 1.25;">(5)</div>
                                </div>
                              </td>
                              <td colspan="9" rowspan="1">
                                <div>
                                  <div style="text-align: left; line-height: 1.25;">
                                    <div style="line-height: 1.25;">
                                      <div style="line-height: 1.25;">
                                        <div style="line-height: 1.25;">to approve the terms of service and compensation of the Chief Executive Officer of the Company</div>
                                      </div>
                                    </div>
                                  </div>
                                </div>
                              </td>
                              <td style="width: 8.33%;">
                                <div>&#160;</div>
                              </td>
                              <td style="width: 12%;">
                                <div>&#160;</div>
                              </td>
                            </tr>
                            <tr>
                              <td rowspan="1" style="width: 4%;">&#160;</td>
                              <td colspan="4" rowspan="1">&#160;</td>
                              <td rowspan="1" style="width: 8.33%;">&#160;</td>
                              <td rowspan="1" style="width: 8.33%;">&#160;</td>
                              <td rowspan="1" style="width: 8.33%;">&#160;</td>
                              <td rowspan="1" style="width: 8.33%;">&#160;</td>
                              <td rowspan="1" style="width: 8.33%;">&#160;</td>
                              <td rowspan="1" style="width: 8.33%;">&#160;</td>
                              <td rowspan="1" style="width: 12%;">&#160;</td>
                            </tr>
                            <tr>
                              <td style="width: 4%;">
                                <div>&#160;</div>
                              </td>
                              <td style="width: 6%;">
                                <div>&#9744;<font style="font-weight: bold;">&#160; FOR</font></div>
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                              <td style="width: 8.33%;"><font style="font-weight: bold;">&#9744;<font style="font-weight: bold;">&#160; </font>AGAINST</font></td>
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                                <div>&#9744;<font style="font-weight: bold;">&#160; </font><font style="font-family: 'Times New Roman',Times,serif;"><font style="font-weight: bold;">ABSTAIN</font></font></div>
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                              <td style="width: 8.33%;"><br>
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                              <td style="width: 8.33%;">
                                <div>&#160;</div>
                              </td>
                              <td style="width: 8.33%;">
                                <div>&#160;</div>
                              </td>
                              <td style="width: 8.33%;">
                                <div>&#160;</div>
                              </td>
                              <td style="width: 8.33%;">
                                <div>&#160;</div>
                              </td>
                              <td style="width: 8.33%;">
                                <div>&#160;</div>
                              </td>
                              <td style="width: 8.33%;">
                                <div>&#160;</div>
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                                <div>&#160;</div>
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                          <div style="line-height: 1.25;">
                            <div>
                              <div style="line-height: 1.25;">
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                                    <tr>
                                      <td rowspan="1" style="width: 4%;">&#160;</td>
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                                            <div style="line-height: 1.25;"><font style="font-family: 'Times New Roman',Times,serif;">By marking the &#8220;YES&#8221; box, you confirm that you are not a &#8220;controlling shareholder&#8221; and do not have a &#8220;personal interest&#8221;
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                                      <td rowspan="1" style="width: 4%;">&#160;</td>
                                      <td rowspan="1" style="width: 4%;">&#160;</td>
                                      <td rowspan="1" style="width: 8%;">&#160;</td>
                                      <td rowspan="1" style="width: 8.33%;">&#160;</td>
                                      <td rowspan="1" style="width: 8.33%;">&#160;</td>
                                      <td rowspan="1" style="width: 8.33%;">&#160;</td>
                                      <td rowspan="1" style="width: 8.33%;">&#160;</td>
                                      <td rowspan="1" style="width: 8.33%;">&#160;</td>
                                      <td rowspan="1" style="width: 8.33%;">&#160;</td>
                                      <td rowspan="1" style="width: 8.33%;">&#160;</td>
                                      <td rowspan="1" style="width: 12%;">&#160;</td>
                                      <td rowspan="1" style="width: 12%;">&#160;</td>
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                                    <tr>
                                      <td rowspan="1" style="width: 4%;">&#160;</td>
                                      <td rowspan="1" style="width: 4%;">&#160;</td>
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                                      <td rowspan="1" style="width: 8.33%;">&#160;</td>
                                      <td rowspan="1" style="width: 8.33%;">&#160;</td>
                                      <td rowspan="1" style="width: 8.33%;">&#160;</td>
                                      <td rowspan="1" style="width: 8.33%;">&#160;</td>
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                                      <td rowspan="1" style="width: 12%;">&#160;</td>
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                              <div style="line-height: 1.25;">
                                <div style="line-height: 1.25;">
                                  <div style="line-height: 1.25;">
                                    <div><br>
                                    </div>
                                  </div>
                                </div>
                              </div>
                            </div>
                          </div>
                        </div>
                      </div>
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        <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
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          <div style="line-height: 1.25">
            <div style="line-height: 1.25;">
              <div style="line-height: 1.25;">
                <table cellspacing="0" cellpadding="0" border="0" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; color: #000000; width: 100%;">

                    <tr>
                      <td style="width: 4%; text-align: left; vertical-align: top;">
                        <div>
                          <div style="line-height: 1.25; font-family: 'Times New Roman',Times,serif;">(6)</div>
                        </div>
                      </td>
                      <td colspan="11" rowspan="1">
                        <div>
                          <div style="text-align: left; line-height: 1.25;">
                            <div style="line-height: 1.25;">
                              <div style="line-height: 1.25;">
                                <div style="line-height: 1.25;">
                                  <div style="line-height: 1.25;">to extend the term of the Company&#8217;s existing indemnification agreements with two Company directors who are affiliated with the Company&#8217;s controlling shareholders, certain limited
                                    partnerships managed by FIMI IV 2007 Ltd. and by FIMI FIVE 2012 Ltd., for a three-year period</div>
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                            </div>
                          </div>
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                      <td rowspan="1" style="width: 4%;">&#160;</td>
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                      <td rowspan="1" style="width: 8.33%;">&#160;</td>
                      <td rowspan="1" style="width: 8.33%;">&#160;</td>
                      <td rowspan="1" style="width: 8.33%;">&#160;</td>
                      <td rowspan="1" style="width: 12%;">&#160;</td>
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                      <td style="width: 4%;">
                        <div>&#160;</div>
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                        <div>&#9744;<font style="font-weight: bold;">&#160; </font><font style="font-family: 'Times New Roman',Times,serif;"><font style="font-weight: bold;">ABSTAIN</font></font></div>
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                      <td style="width: 8.33%;"><br>
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                      <td style="width: 8.33%;">
                        <div>&#160;</div>
                      </td>
                      <td style="width: 8.33%;">
                        <div>&#160;</div>
                      </td>
                      <td style="width: 8.33%;">
                        <div>&#160;</div>
                      </td>
                      <td style="width: 8.33%;">
                        <div>&#160;</div>
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                      <td style="width: 8.33%;">
                        <div>&#160;</div>
                      </td>
                      <td style="width: 8.33%;">
                        <div>&#160;</div>
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                        <div>&#160;</div>
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                  <div style="line-height: 1.25;">
                    <div>
                      <div style="line-height: 1.25;">
                        <div><br>
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                      </div>
                    </div>
                  </div>
                </div>
              </div>
            </div>
          </div>
        </div>
        <div style="line-height: 1.25">
          <div>
            <div style="line-height: 1.25;">
              <div>
                <div style="line-height: 1.25;">
                  <table cellspacing="0" cellpadding="0" border="0" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; color: #000000; width: 100%;">

                      <tr>
                        <td rowspan="1" style="width: 4%;">&#160;</td>
                        <td rowspan="1" style="width: 4%; text-align: left; vertical-align: top;"><font style="font-family: 'Times New Roman',Times,serif;">6.A.</font></td>
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                            <div style="line-height: 1.25;">
                              <div style="line-height: 1.25;">
                                <div style="line-height: 1.25;"><font style="font-family: 'Times New Roman',Times,serif;">By marking the &#8220;YES&#8221; box, you confirm that you are not a &#8220;controlling shareholder&#8221; and do not have a &#8220;personal interest&#8221; in the
                                    approval of Proposal 6. If you cannot make such confirmation, please check the &#8220;NO&#8221; box.</font></div>
                              </div>
                            </div>
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                        <td rowspan="1" style="width: 4%;">&#160;</td>
                        <td rowspan="1" style="width: 4%;">&#160;</td>
                        <td rowspan="1" style="width: 8%;">&#160;</td>
                        <td rowspan="1" style="width: 8.33%;">&#160;</td>
                        <td rowspan="1" style="width: 8.33%;">&#160;</td>
                        <td rowspan="1" style="width: 8.33%;">&#160;</td>
                        <td rowspan="1" style="width: 8.33%;">&#160;</td>
                        <td rowspan="1" style="width: 8.33%;">&#160;</td>
                        <td rowspan="1" style="width: 8.33%;">&#160;</td>
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                        <td rowspan="1" style="width: 8.33%;">&#160;</td>
                        <td rowspan="1" style="width: 8.33%;">&#160;</td>
                        <td rowspan="1" style="width: 8.33%;">&#160;</td>
                        <td rowspan="1" style="width: 8.33%;">&#160;</td>
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                        <td rowspan="1" style="width: 12%;">&#160;</td>
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                <div style="line-height: 1.25; font-family: 'Times New Roman',Times,serif;">
                  <div style="line-height: 1.25;">
                    <div style="line-height: 1.25;">
                      <div><br>
                      </div>
                    </div>
                  </div>
                </div>
              </div>
            </div>
          </div>
        </div>
        <div style="line-height: 1.25">
          <div style="line-height: 1.25;">
            <div style="line-height: 1.25;">
              <table cellspacing="0" cellpadding="0" border="0" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; color: #000000; width: 100%;">

                  <tr>
                    <td style="width: 4%; text-align: left; vertical-align: top;">
                      <div>
                        <div style="line-height: 1.25; font-family: 'Times New Roman',Times,serif;">(7)</div>
                      </div>
                    </td>
                    <td colspan="11" rowspan="1">
                      <div>
                        <div style="text-align: left; line-height: 1.25;">
                          <div style="line-height: 1.25;">
                            <div style="line-height: 1.25;">
                              <div style="line-height: 1.25;">
                                <div style="line-height: 1.25;">
                                  <div style="text-align: justify; line-height: 1.25;">To ratify and approve the reappointment and compensation of Kost Forer Gabbay &amp; Kasierer, a member of Ernst &amp; Young Global, as our independent registered public
                                    accountants for the fiscal year ending December 31, 2020, and for such additional period until the next annual general meeting of shareholders</div>
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                              </div>
                            </div>
                          </div>
                        </div>
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                  <tr>
                    <td rowspan="1" style="width: 4%;">&#160;</td>
                    <td colspan="4" rowspan="1">&#160;</td>
                    <td rowspan="1" style="width: 8.33%;">&#160;</td>
                    <td rowspan="1" style="width: 8.33%;">&#160;</td>
                    <td rowspan="1" style="width: 8.33%;">&#160;</td>
                    <td rowspan="1" style="width: 8.33%;">&#160;</td>
                    <td rowspan="1" style="width: 8.33%;">&#160;</td>
                    <td rowspan="1" style="width: 8.33%;">&#160;</td>
                    <td rowspan="1" style="width: 12%;">&#160;</td>
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                  <tr>
                    <td style="width: 4%;">
                      <div>&#160;</div>
                    </td>
                    <td style="width: 6%;">
                      <div>&#9744;<font style="font-weight: bold;">&#160; FOR</font></div>
                    </td>
                    <td style="width: 8.33%;"><font style="font-weight: bold;">&#9744;<font style="font-weight: bold;">&#160; </font>AGAINST</font></td>
                    <td style="width: 8.33%;">
                      <div>&#9744;<font style="font-weight: bold;">&#160; </font><font style="font-family: 'Times New Roman',Times,serif;"><font style="font-weight: bold;">ABSTAIN</font></font></div>
                    </td>
                    <td style="width: 8.33%;"><br>
                    </td>
                    <td style="width: 8.33%;">
                      <div>&#160;</div>
                    </td>
                    <td style="width: 8.33%;">
                      <div>&#160;</div>
                    </td>
                    <td style="width: 8.33%;">
                      <div>&#160;</div>
                    </td>
                    <td style="width: 8.33%;">
                      <div>&#160;</div>
                    </td>
                    <td style="width: 8.33%;">
                      <div>&#160;</div>
                    </td>
                    <td style="width: 8.33%;">
                      <div>&#160;</div>
                    </td>
                    <td style="width: 12%;">
                      <div>&#160;</div>
                    </td>
                  </tr>

              </table>
              <div>
                <div style="line-height: 1.25;">
                  <div>
                    <div style="line-height: 1.25;">
                      <div><br>
                      </div>
                    </div>
                  </div>
                </div>
              </div>
            </div>
          </div>
        </div>
        <div style="text-align: justify; line-height: 1.25;">To change the address on your account, please check the box at right and indicate your new address in the address space above.&#160; Please note that changes to the registered name(s) on the account
          may not be submitted via this method.&#160; &#9744;<br>
        </div>
        <div style="line-height: 1.25;"><br style="line-height: 1.25;">
        </div>
        <div style="line-height: 1.25;">Signature of Shareholder __________ Date __________ Signature of Shareholder__________ Date __________ </div>
        <div style="line-height: 1.25;"><br style="line-height: 1.25;">
        </div>
        <div style="text-align: justify; line-height: 1.25; font-weight: bold;">Note:&#160; Please sign exactly as your name or names appear on this Proxy. When shares are held jointly, each holder should sign. When signing as executor, administrator, attorney,
          trustee or guardian, please give full title as such.&#160; If the signer is a corporation, please sign full corporate name by duly authorized officer, giving full title as such.&#160; If signer is a partnership, please sign in partnership name by
          authorized person.</div>
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      </div>
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</SEC-DOCUMENT>
