<SEC-DOCUMENT>0001178913-21-001335.txt : 20210413
<SEC-HEADER>0001178913-21-001335.hdr.sgml : 20210413
<ACCEPTANCE-DATETIME>20210413063148
ACCESSION NUMBER:		0001178913-21-001335
CONFORMED SUBMISSION TYPE:	6-K
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20210413
FILED AS OF DATE:		20210413
DATE AS OF CHANGE:		20210413

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:		21821960

	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>zk2125876.htm
<DESCRIPTION>6-K
<TEXT>
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    <div> <br>
      <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; font-weight: bold; font-size: 14pt;"><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 April 13, 2021</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;<font class="HorizontalTab" style="width: 9pt; font-size: 1px; display: inline-block;"> </font>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; No&#160; &#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="line-height: 1.25;"><br style="line-height: 1.25;">
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      <br>
      <div style="line-height: 1.25;">Attached hereto and incorporated by reference herein is Registrant's proxy statement and proxy card to shareholders dated April 13, 2021.</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;">
      </div>
      <table cellspacing="0" cellpadding="0" border="0" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;" id="zc93484f4c5334007aa58e35940a78694">

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            <td style="width: 50%; vertical-align: top;">&#160;</td>
            <td style="width: 30%; vertical-align: top;">
              <div style="line-height: 1.25;">Gilat Satellite Networks Ltd.</div>
            </td>
            <td style="width: 20%; vertical-align: top;">&#160;</td>
          </tr>
          <tr>
            <td style="width: 50%; vertical-align: top;">&#160;</td>
            <td style="width: 30%; vertical-align: top;">
              <div style="line-height: 1.25;">(Registrant)</div>
            </td>
            <td style="width: 20%; vertical-align: top;">&#160;</td>
          </tr>
          <tr>
            <td style="width: 50%; vertical-align: top;">&#160;</td>
            <td style="width: 30%; vertical-align: top;">&#160;</td>
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              <div style="line-height: 1.25;">Dated April 13, 2021</div>
            </td>
            <td style="width: 30%; vertical-align: top; border-bottom: 2px solid black;">
              <div style="line-height: 1.25;">By: /s/ Yael Shofar</div>
            </td>
            <td style="width: 20%; vertical-align: top;">&#160;</td>
          </tr>
          <tr>
            <td style="width: 50%; vertical-align: top;">&#160;</td>
            <td style="width: 30%; vertical-align: top;">
              <div style="text-indent: 36pt; line-height: 1.25;">Yael Shofar</div>
            </td>
            <td style="width: 20%; vertical-align: top;">&#160;</td>
          </tr>
          <tr>
            <td style="width: 50%; vertical-align: top;">&#160;</td>
            <td colspan="2" style="vertical-align: top;">
              <div style="text-indent: 36pt; line-height: 1.25;">General Counsel</div>
            </td>
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          <div style="text-align: center; line-height: 1.25; font-weight: bold;"> <br>
          </div>
          <div style="text-align: center; line-height: 1.25; font-weight: bold;">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 May 20, 2021</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 May 20, 2021 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>
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                <td style="width: 18pt; vertical-align: top; align: right;">1.</td>
                <td style="width: auto; vertical-align: top; text-align: justify;">
                  <div>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>
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          </div>
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                <td style="width: 18pt; vertical-align: top; align: right;">2.</td>
                <td style="width: auto; vertical-align: top; text-align: justify;">
                  <div>to approve the terms of service and compensation of the Chairman of the Board of Directors of the Company as described in the Proxy Statement;</div>
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                <td style="width: 18pt; vertical-align: top; align: right;">3.</td>
                <td style="width: auto; vertical-align: top; text-align: justify;">
                  <div>to approve a grant of options to Mr. Adi Sfadia, the Company&#8217;s Chief Executive Officer; and</div>
                </td>
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          </div>
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                <td style="width: 18pt; vertical-align: top; align: right;">4.</td>
                <td style="width: auto; vertical-align: top; text-align: justify;">
                  <div>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, 2021, and
                    for such additional period until the next annual general meeting of shareholders.</div>
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          <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, 2020 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; text-indent: 36pt;"><font style="font-family: 'Times New Roman',Times,serif;">Our Board of Directors recommends that you vote &#8220;<font style="font-weight: bold;">FOR</font>&#8221; all proposals under
              Items 1 through 4, which are described in the attached Proxy Statement.</font></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 April 19, 2021 (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 May 20, 2021<font style="font-weight: bold; font-style: italic;">,</font> 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="line-height: 1.25;"><br style="line-height: 1.25;">
          </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>
          </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 reserves the option to convert the Meeting from a physical meeting to a virtual meeting
            at the same date or 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 May 10, 2021, 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 April
            20, 2021.&#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="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 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: 35.45pt; line-height: 1.25;">The approval of each of the proposals in Items No. 1 through 4 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 Item No. 2(b) and Item No. 3, 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:
            +972-925-2016) 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;">
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                    <div>&#160;</div>
                  </td>
                  <td style="width: 50.00%;">
                    <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;">Isaac Angel, Chairman of the Board of Directors</div>
                  </td>
                </tr>

            </table>
          </div>
          <br>
          <div style="line-height: 1.25;">April 13, 2021</div>
          <div style="line-height: 1.25;"><br style="line-height: 1.25;">
          </div>
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            <div style="text-align: center;" id="DSPFPageNumberArea"><font style="font-weight: normal; font-style: normal;" id="DSPFPageNumber">- ii -</font></div>
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          </div>
          <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;">Petah Tikva 4913020, Israel
              <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 May 20, 2021</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</div>
          <div style="text-align: justify; line-height: 1.25;">May 20 ,2021, at 2 p.m. Israel time, and at any adjournment thereof, pursuant to the accompanying Notice of our 2021 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 April 20,<font style="font-weight: bold;">&#160;</font>2021.</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>
          <table cellspacing="0" cellpadding="0" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

              <tr>
                <td style="width: 54pt;"><br>
                </td>
                <td style="width: 18pt; vertical-align: top; align: right;">1.</td>
                <td style="width: auto; vertical-align: top; text-align: justify;">
                  <div>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 style="line-height: 1.25;"><br style="line-height: 1.25;">
          </div>
          <table cellspacing="0" cellpadding="0" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

              <tr>
                <td style="width: 54pt;"><br>
                </td>
                <td style="width: 18pt; vertical-align: top; align: right;">2.</td>
                <td style="width: auto; vertical-align: top; text-align: justify;">
                  <div>to approve the terms of service and compensation of the Chairman of the Board of Directors of the Company as described in the Proxy Statement;</div>
                </td>
              </tr>

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

              <tr>
                <td style="width: 54pt;"><br>
                </td>
                <td style="width: 18pt; vertical-align: top; align: right;">3.</td>
                <td style="width: auto; vertical-align: top; text-align: justify;">
                  <div>to approve a grant of options to Mr. Adi Sfadia, the Company&#8217;s Chief Executive Officer; and</div>
                </td>
              </tr>

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

              <tr>
                <td style="width: 54pt;"><br>
                </td>
                <td style="width: 18pt; vertical-align: top; align: right;">4.</td>
                <td style="width: auto; vertical-align: top; text-align: justify;">
                  <div>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, 2021, and
                    for such additional period until the next annual general meeting of shareholders.</div>
                </td>
              </tr>

          </table>
          <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 April 19,<font style="font-weight: bold;">&#160;</font>2021<font style="font-weight: bold;">&#160;</font>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>
          <table cellspacing="0" cellpadding="0" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

              <tr>
                <td style="width: 18pt;"><br>
                </td>
                <td style="width: 18pt; vertical-align: top; align: right;">&#8226;</td>
                <td style="width: auto; vertical-align: top; text-align: justify;">
                  <div><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 style="line-height: 1.25;"><br style="line-height: 1.25;">
          </div>
          <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" id="DSPFPageBreakArea">
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          </div>
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              <tr>
                <td style="width: 18pt;"><br>
                </td>
                <td style="width: 18pt; vertical-align: top; align: right;">&#8226;</td>
                <td style="width: auto; vertical-align: top; text-align: justify;">
                  <div><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 May 20, 2021, 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>
              </tr>

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

              <tr>
                <td style="width: 18pt;"><br>
                </td>
                <td style="width: 18pt; vertical-align: top; align: right;">&#8226;</td>
                <td style="width: auto; vertical-align: top; text-align: justify;">
                  <div><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 (8:00 AM Israel). 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 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
            the same date or 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="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 May 20, 2021 at our registered office in Israel, 21 Yegia Kapayim St.,
            Kiryat Arye, Petah Tikva 4913020, Israel or by 5 p.m., EST, on May 19, 2021, 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.</div>
          <div style="line-height: 1.25;"><br style="line-height: 1.25;">
          </div>
          <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" id="DSPFPageBreakArea">
            <div style="text-align: center;" id="DSPFPageNumberArea"><font style="font-weight: normal; font-style: normal;" id="DSPFPageNumber">2</font></div>
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          </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: 36pt; line-height: 1.25;">The approval of each of the proposals in Items No. 1 through 4 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 Item No. 2(b)&#160; and Item No. 3, 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 April 9, 2021, the Company had 56,506,561ordinary 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="line-height: 1.25;"><br style="line-height: 1.25;">
          </div>
          <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" id="DSPFPageBreakArea">
            <div style="text-align: center;" id="DSPFPageNumberArea"><font style="font-weight: normal; font-style: normal;" id="DSPFPageNumber">3</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: 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. Isaac Angel, Amiram Boehm, Ishay Davidi, Aylon (Lonny) Rafaeli, and Meir Shamir and Ms. Dafna
            Sharir for re-election. If re-elected at the Meeting, Mr. Angel 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
            Mr. Ami Shafran, whose term of service expires in January 2024.</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="text-align: justify; text-indent: 36pt; line-height: 1.25;"> <br>
          </div>
          <table cellspacing="0" cellpadding="0" border="0" align="center" style="width: 40%; color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; text-align: left;">

              <tr>
                <td style="width: 69.19%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">
                  <div style="text-align: justify; line-height: 1.25; font-weight: bold;">Name</div>
                </td>
                <td style="width: 1%; vertical-align: top; padding-bottom: 2px;" colspan="1">&#160;</td>
                <td style="width: 30.81%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">
                  <div style="text-align: justify; line-height: 1.25; font-weight: bold;">Age</div>
                </td>
              </tr>
              <tr>
                <td style="width: 69.19%; vertical-align: top; background-color: rgb(204, 238, 255);">
                  <div style="line-height: 1.25;">Isaac Angel</div>
                </td>
                <td style="width: 1%; vertical-align: top; background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
                <td style="width: 30.81%; vertical-align: top; background-color: rgb(204, 238, 255);">
                  <div style="text-align: justify; line-height: 1.25;">65</div>
                </td>
              </tr>
              <tr>
                <td style="width: 69.19%; vertical-align: top;">
                  <div style="text-align: justify; line-height: 1.25;">Amiram Boehm</div>
                </td>
                <td style="width: 1%; vertical-align: top;" colspan="1">&#160;</td>
                <td style="width: 30.81%; vertical-align: top;">
                  <div style="text-align: justify; line-height: 1.25;">49</div>
                </td>
              </tr>
              <tr>
                <td style="width: 69.19%; vertical-align: top; background-color: rgb(204, 238, 255);">
                  <div style="text-align: justify; line-height: 1.25;">Ishay Davidi</div>
                </td>
                <td style="width: 1%; vertical-align: top; background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
                <td style="width: 30.81%; vertical-align: top; background-color: rgb(204, 238, 255);">
                  <div style="text-align: justify; line-height: 1.25;">58</div>
                </td>
              </tr>
              <tr>
                <td style="width: 69.19%; vertical-align: top;">
                  <div style="text-align: justify; line-height: 1.25;">Aylon (Lonny) Rafaeli</div>
                </td>
                <td style="width: 1%; vertical-align: top;" colspan="1">&#160;</td>
                <td style="width: 30.81%; vertical-align: top;">
                  <div style="text-align: justify; line-height: 1.25;">67</div>
                </td>
              </tr>
              <tr>
                <td style="width: 69.19%; vertical-align: top; background-color: rgb(204, 238, 255);">
                  <div style="text-align: justify; line-height: 1.25;">Meir Shamir</div>
                </td>
                <td style="width: 1%; vertical-align: top; background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
                <td style="width: 30.81%; vertical-align: top; background-color: rgb(204, 238, 255);">
                  <div style="text-align: justify; line-height: 1.25;">69</div>
                </td>
              </tr>
              <tr>
                <td style="width: 69.19%; vertical-align: top;">
                  <div style="text-align: justify; line-height: 1.25;">Dafna Sharir</div>
                </td>
                <td style="width: 1%; vertical-align: top;" colspan="1">&#160;</td>
                <td style="width: 30.81%; 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 style="text-align: center;" id="DSPFPageNumberArea"><font style="font-weight: normal; font-style: normal;" id="DSPFPageNumber">4</font></div>
            <div style="page-break-after: always;" id="DSPFPageBreak">
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          </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;">Isaac Angel </font>has served as the Chairman of our Board of Directors since March 2021. Mr. Angel serves as the
            Chairman of the Board of Directors of Ormat Technologies Inc. (NYSE, TASE), and served as its CEO from EO from July 2014 to July 2020 and an Executive Chairman of the Board until January 2021. Mr. Angel previously served as a director of
            Retalix Ltd. from 2012 until 2013, Frutarom Ltd. from 2008 until 2016, as Executive Chairman of LeadCom Integrated Solutions Ltd from 2008 to 2009, as&#160; Executive Vice President, Global Operations of VeriFone from 2006 to 2008 and served in
            various positions including as president and CEO of Lipman Electronic Engineering Ltd from 1979 to 2006.</div>
          <div style="text-align: justify; text-indent: 36pt; line-height: 1.25;"> <br>
          </div>
          <div style="line-height: 1.25; font-family: 'Times New Roman',Times,serif;">
            <div style="text-align: justify; line-height: 1.25; text-indent: 36pt;"><font style="font-weight: bold; font-style: italic;">Amiram Boehm </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 Hadera Paper Ltd. (TASE), Rekah Pharmaceuticals Ltd (TASE), KAMADA Ltd. (NASDAQ and TASE), TAT Technologies Ltd. (NASDAQ and TASE), PCB Technologies Ltd. (TASE), 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 Ham-Let (Israel-Canada) Ltd., 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 Telecom Ltd. (TASE), Dimar Cutting Tools Ltd 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">&#160;</div>
            <div style="text-align: justify; line-height: 1.25; text-indent: 36pt;"><font style="font-weight: bold; font-style: italic;">Ishay Davidi </font>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, and as director at, Rekah Pharmaceuticals Ltd. (TASE), Ben Ari Holdings Ltd, 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), P.C.B Technologies Ltd (TASE) and RIMONI Industries Ltd. (TASE). Mr. Davidi
              previously served as the Chairman of the board of directors of Inrom Industries Ltd., Dimar Cutting Tools Ltd., Retalix (previously traded on NASDAQ and TASE) from August 2008 until January 2010, Tefron Ltd. (New York Stock Exchange and TASE)
              and Tadir-Gan (TASE), and as a director at Ham-Let (Israel-Canada) Ltd. (TASE), Novolog Pharm Up 1966 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>
          <div style="text-align: justify; text-indent: 36pt; line-height: 1.25;"> <br>
          </div>
          <div style="text-align: justify; text-indent: 36pt; line-height: 1.25;"><font style="font-weight: bold; font-style: italic;">Aylon (Lonny) Rafaeli </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="clear: both; margin-top: 10pt; margin-bottom: 10pt;" id="DSPFPageBreakArea">
            <div style="text-align: center;" id="DSPFPageNumberArea"><font style="font-weight: normal; font-style: normal;" id="DSPFPageNumber">5</font></div>
            <div style="page-break-after: always;" id="DSPFPageBreak">
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          </div>
          <div style="text-align: justify; text-indent: 36pt; line-height: 1.25;"><font style="font-weight: bold; font-style: italic;">Meir Shamir </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 is 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: 29.1pt; margin-right: 8.25pt; line-height: 1.25; font-family: 'Times New Roman',Times,serif;"><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, an LL.M. degree in Tax Law from New York
            University, and an 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; line-height: 1.25; font-family: 'Times New Roman',Times,serif; text-indent: 27pt;">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; margin-left: 36pt; line-height: 1.25;">&#8220;<font style="font-weight: bold;">RESOLVED</font>, to re-elect Isaac Angel 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="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; text-indent: 18pt;"><font style="font-family: 'Times New Roman',Times,serif;">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 election of each of the director nominees named above.</font></div>
          <div style="line-height: 1.25">&#160;</div>
          <div style="text-align: justify; line-height: 1.25; font-family: 'Times New Roman',Times,serif; text-indent: 18pt;">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="clear: both; margin-top: 10pt; margin-bottom: 10pt;" id="DSPFPageBreakArea">
            <div style="text-align: center;" id="DSPFPageNumberArea"><font style="font-weight: normal; font-style: normal;" id="DSPFPageNumber">6</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: center; line-height: 1.25; font-weight: bold;">ITEM II. APPROVAL OF THE TERMS OF SERVICE AND COMPENSATION OF THE</div>
          <div style="text-align: center; line-height: 1.25; font-weight: bold;">NEWLY ELECTED CHAIRMAN OF THE BOARD OF THE COMPANY</div>
          <div style="text-align: center; line-height: 1.25;">&#160;(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;">Pursuant to the ICL, any arrangement between the company and its Chairman of the Board<font style="font-weight: bold;">&#160;</font>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.
            Isaac Angel as Chairman of the Board<font style="font-weight: bold;">&#160;</font>of the Company, who was appointed Chairman of the Board on March 8, 2021.</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. Angel will be entitled to: (i) a monthly fee in the amount of NIS28,000 (approximately $8,400); (ii) payment of the cash value of various fringe benefits, in an aggregate
            amount of up to NIS12,000 (approximately $3,600) per month, which is equal to the employer&#8217;s cost that would have been incurred by us for such benefits if the Chairman served in an employee status; and (iii) an office space and secretarial
            assistance and reimbursement for out-of-pocket expenses incurred by him in connection with his service.&#160;</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 addition, Mr. Angel will be eligible for an annual cash bonus of 6 months of base salary and an over-achievement bonus of up to 3 months of base salary for the years 2021
            through 2023, as set forth in Annex A (the &#8220;<font style="font-weight: bold; font-style: italic;">Chairman Bonus Plan</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;">In addition, our Compensation Committee and Board of Directors approved on March 8, 2021 and recommended that our shareholders approve, the grant of options to purchase
            500,000 of our ordinary shares to&#160;Mr. Angel.</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&#160;Mr. Angel is $11.92 per share, which
            equals 5% over the closing price of the Company&#8217;s ordinary shares on the NASDAQ Global Select Market on March 5, 2021, the last trading day prior to the grant date. 25% of such options shall vest on each of the first, second, third and fourth
            anniversaries of the date the Board of Directors approved the option grant so long as Mr. Angel continues to serve at the Company. The options will remain exercisable for 12 months following cessation or termination of his service (other than
            for cause) and the vesting of the options shall accelerate upon a change in control. The options will expire on the sixth anniversary of the date of the grant.</div>
          <div style="line-height: 1.25">&#160;</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, the terms of service and compensation as set
            forth herein and in <u>Annex A</u>.&#160; The terms of employment and compensation set forth in this Item 2, other than the proposed grant of options, are in compliance with our Compensation Policy for executive officers and directors. The Black
            &amp; Scholes annual value of the options proposed to be granted to Mr. Angel is $512,602, which exceeds the value set forth in the Compensation Policy for Executive Officers and Directors. However, following consideration of (i) Mr. Angel&#8217;s
            track proven experience in senior positions and willingness to accept the role of Chairman, (ii) the need to provide appropriate and suitable incentive to the Chairman to promote the Company&#8217;s business and contribute to the Company&#8217;s long term
            success, the Compensation Committee and the Board determined that it is in the best interest of the Company to grant such options to Mr. Angel and allocate a significant portion of Mr. Angel&#8217;s compensation as long-term variable compensation
            aligned with the Company&#8217;s long term goals, notwithstanding the Company&#8217;s Compensation Policy for Executive Officers and Directors, and recommended that the shareholders approve the same.</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 2(a) &#8211; &#8220;<font style="font-weight: bold;">RESOLVED</font>, to approve the terms of employment, the Base Compensation and the Chairman Bonus Plan of Mr. Isaac Angel as
            Chairman of the Board<font style="font-weight: bold;">&#160;</font>of the Company as described in Item 2 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 2(b) &#8211; &#8220;<font style="font-weight: bold;">RESOLVED</font>, to approve the grant of options to&#160;Mr. Isaac Angel, the Company&#8217;s Chairman of the Board<font style="font-weight: bold;">&#160;</font>of the Company,&#160;as set forth in Item 2 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;">The approval of the resolution in each of Item 2(a) and 2(b) requires&#160;the affirmative vote of a majority of the shares present, in person or by proxy, and voting on the
            matter. In addition, for Item 2(b), 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 grant of options to Mr. Angel (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 grant of options (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 approval of the terms of compensation of the Chairman of the Board.</div>
          <div style="line-height: 1.25">&#160;</div>
          <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" id="DSPFPageBreakArea">
            <div style="text-align: center;" id="DSPFPageNumberArea"><font style="font-weight: normal; font-style: normal;" id="DSPFPageNumber">7</font></div>
            <div style="page-break-after: always;" id="DSPFPageBreak">
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          </div>
          <div style="text-align: center; text-indent: 36pt; line-height: 1.25; font-weight: bold;">ITEM III. APPROVAL OF GRANT OF OPTIONS TO THE CHIEF EXECUTIVE OFFICER</div>
          <div style="text-align: center; text-indent: 36pt; line-height: 1.25;">(Item 3 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;">Mr. Adi Sfadia has served as our Chief Executive Officer since November 2020, after serving as our interim Chief Executive Officer since July 2020. Under his employment
            agreement, Mr. Sfadia is entitled to a monthly salary in the amount of NIS 110,000 (approximately $33,430) and fringe benefits including social benefits, annual vacation and reimbursement of expenses. In addition, Mr. Sfadia is eligible to
            receive an annual cash bonus.&#160;</div>
          <div style="line-height: 1.25">&#160;</div>
          <div style="text-align: justify; text-indent: 36pt; line-height: 1.25;">Our Compensation Committee and Board of Directors approved on December 29, 2020 and January 3, 2021, respectively, and recommended that our shareholders approve, the grant of
            options to purchase 400,000 of our ordinary shares to&#160;Mr. Sfadia.</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&#160;Mr. Sfadia is $6.846 per share,
            which equals 5% over the closing price of the Company&#8217;s ordinary shares on the NASDAQ Global Select Market on December 31, 2020, the last trading day prior to the grant date. 50% of such options shall vest on the second anniversary of the date
            the Board of Directors approved the option grant so long as Mr. Sfadia continues to serve at the Company (however, half of such portion will vest on the first anniversary in case of termination of employment of Mr. Sfadia by the Company without
            cause). Additional 25% of the options shall vest each on the third and fourth anniversaries, so long as Mr. Sfadia continues to serve at the Company. The options will remain exercisable for 12 months following cessation or termination of his
            service (other than for cause) and the vesting of the options shall accelerate upon a change in control. The options will expire on the sixth anniversary of the date of the grant.</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 the Chief Executive Officer relating to his or her compensation as Chief Executive Officer or other position with the
            Company must be in compliance with the Company&#8217;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;">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;">&#8220;RESOLVED,&#160;to approve a grant of options to&#160;Mr. Adi Sfadia, the Company&#8217;s Chief Executive Officer,&#160;as set forth in Item 3 of this Proxy Statement.&#8221;</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&#160;Mr.
            Sfadia.&#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 grant of
            options to Mr. Sfadia, 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 grant of options (excluding a personal interest that is not related to a relationship with a controlling shareholder).</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&#160;grant of options to Mr. Sfadia, the Company&#8217;s Chief Executive Officer.</div>
          <div style="line-height: 1.25">&#160;</div>
          <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" id="DSPFPageBreakArea">
            <div style="text-align: center;" id="DSPFPageNumberArea"><font style="font-weight: normal; font-style: normal;" id="DSPFPageNumber">8</font></div>
            <div style="page-break-after: always;" id="DSPFPageBreak">
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          </div>
          <div style="text-align: center; text-indent: 35.45pt; line-height: 1.25; font-weight: bold;">ITEM VI.&#160; RATIFICATION AND APPROVAL OF REAPPOINTMENT AND</div>
          <div style="text-align: center; text-indent: 35.45pt; line-height: 1.25; font-weight: bold;"> COMPENSATION OF INDEPENDENT REGISTERED PUBLIC ACCOUNTANTS</div>
          <div style="text-align: center; line-height: 1.25;">(Item 6 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, 2021 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 2020:</div>
          <div style="line-height: 1.25">&#160;</div>
          <table cellspacing="0" cellpadding="2" border="0" align="center" style="width: 60%; 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 <br>
                    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;"> <br>
                  </div>
                  <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);">
                  <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);">
                  <div style="text-align: center; line-height: 1.25;">$541</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;">50.23%</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;">$153</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;">14.21%</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;">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);">
                  <div style="text-align: center; line-height: 1.25;">$383</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;">35.56%</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;">$1,077</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;"><br style="line-height: 1.25;">
          </div>
          <table cellspacing="0" cellpadding="0" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

              <tr>
                <td style="width: 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" 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, and merger related tax services.</div>
                </td>
              </tr>

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

              <tr>
                <td style="width: 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 2020 include mainly merger related services.</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 2020.</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, 2021 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="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="clear: both; margin-top: 10pt; margin-bottom: 10pt;" id="DSPFPageBreakArea">
            <div style="text-align: center;" id="DSPFPageNumberArea"><font style="font-weight: normal; font-style: normal;" id="DSPFPageNumber">9</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-family: 'Times New Roman',Times,serif; font-weight: bold;">CONSIDERATION OF THE AUDITOR&#8217;S REPORT AND THE CONSOLIDATED</div>
          <div style="text-align: center; line-height: 1.25; font-family: 'Times New Roman',Times,serif; 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, 2020 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 2020 Consolidated Financial Statements are published as part of our Annual Report on Form 20-F for the year ended December 31, 2020, 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-family: 'Times New Roman',Times,serif; 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 April 9, 2021, by:</div>
          <div style="line-height: 1.25;"><br style="line-height: 1.25;">
          </div>
          <table cellspacing="0" cellpadding="0" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

              <tr>
                <td style="width: 58.7pt;"><br>
                </td>
                <td style="width: 12.2pt; vertical-align: top; align: right;">&#8226;</td>
                <td style="width: auto; vertical-align: top; text-align: justify;">
                  <div>each person who we believe beneficially owns 5% or more of our outstanding ordinary shares, and</div>
                </td>
              </tr>

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

              <tr>
                <td style="width: 58.7pt;"><br>
                </td>
                <td style="width: 12.2pt; vertical-align: top; align: right;">&#8226;</td>
                <td style="width: auto; vertical-align: top; text-align: justify;">
                  <div>all of our directors and executive officers as a group.</div>
                </td>
              </tr>

          </table>
          <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 April 9, 2021 and includes the number of ordinary shares underlying options that are exercisable within sixty
            (60) days from the date of April 9, 2021.&#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 56,506,561 ordinary shares outstanding as of April 9, 2021.&#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 April 9, 2021 and information provided to us by such
            shareholders.</div>
          <div style="line-height: 1.25">&#160;</div>
          <table cellspacing="0" cellpadding="0" border="0" align="center" style="width: 80%; color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; text-align: left;">

              <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" style="vertical-align: bottom; padding-bottom: 2px;" colspan="1">&#160;</td>
                <td valign="bottom" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);" colspan="2">
                  <div style="line-height: 1.25;">
                    <div style="text-align: center; line-height: 1.25;">Number of Shares</div>
                    <div style="line-height: 1.25;"><font style="line-height: 1.25;">&#160;</font></div>
                  </div>
                </td>
                <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; padding-bottom: 2px;" colspan="1">&#160;</td>
                <td valign="bottom" style="vertical-align: bottom; padding-bottom: 2px;" colspan="1">&#160;</td>
                <td valign="bottom" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);" colspan="2">
                  <div style="line-height: 1.25;">
                    <div style="text-align: center; line-height: 1.25;">Percent</div>
                    <div style="line-height: 1.25;"><font style="line-height: 1.25;">&#160;</font></div>
                  </div>
                </td>
                <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; padding-bottom: 2px;" colspan="1">&#160;</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" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
                <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
                <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255);" colspan="1">
                  <div style="line-height: 1.25;">14,901,865</div>
                </td>
                <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
                <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
                <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
                <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255);" colspan="1">
                  <div style="line-height: 1.25;">26.4</div>
                </td>
                <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1">
                  <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" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
                <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
                <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%;" colspan="1">
                  <div style="line-height: 1.25;">4,316,768</div>
                </td>
                <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
                <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
                <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
                <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%;" colspan="1">
                  <div style="line-height: 1.25;">7.6</div>
                </td>
                <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%;" colspan="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;">Yelin Lapidot Holdings Management Ltd. (3)</div>
                </td>
                <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
                <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
                <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255);" colspan="1">
                  <div style="line-height: 1.25;">2,967,963</div>
                </td>
                <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
                <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
                <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
                <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255);" colspan="1">
                  <div style="line-height: 1.25;">5.3</div>
                </td>
                <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1">
                  <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" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
                <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
                <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%;" colspan="1">
                  <div style="line-height: 1.25;">123,768</div>
                </td>
                <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
                <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
                <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
                <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%;" colspan="1">
                  <div style="line-height: 1.25;">0.2</div>
                </td>
                <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%;" colspan="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>
          <table cellspacing="0" cellpadding="0" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

              <tr>
                <td style="width: 32.2pt;"><br>
                </td>
                <td style="width: 39.8pt; vertical-align: top; align: right;">(1)</td>
                <td style="width: auto; vertical-align: top; text-align: justify;">
                  <div>Based on a Schedule 13D/A filed on February 22, 2021 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 IV Funds&#8221;), FIMI Opportunity
                    V, L.P., FIMI Israel Opportunity Five, Limited Partnership (the &#8220;FIMI V Funds&#8221; and together with the FIMI IV Funds, the &#8220;FIMI Funds&#8221;), 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 14,901,865 Gilat Shares held by the FIMI Funds. FIMI IV 2007 Ltd. is the managing general partner of the FIMI IV Funds. 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 style="line-height: 1.25;"><br style="line-height: 1.25;">
          </div>
          <table cellspacing="0" cellpadding="0" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

              <tr>
                <td style="width: 32.2pt;"><br>
                </td>
                <td style="width: 39.8pt; vertical-align: top; align: right;">(2)</td>
                <td style="width: auto; vertical-align: top; text-align: justify;">
                  <div>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 Holdings Ltd. is 27 Habarzel Street, Tel-Aviv.</div>
                </td>
              </tr>

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

              <tr>
                <td style="width: 32.2pt;"><br>
                </td>
                <td style="width: 39.8pt; vertical-align: top; align: right;">(3)</td>
                <td style="width: auto; vertical-align: top; text-align: justify;">
                  <div>Based on Schedule 13G/A filed on February 2, 2021, with the SEC by Yelin Lapidot Holdings Management Ltd., or Yelin Lapidot, Dov Yelin, and Yair Lapidot. The principal office of Yelin Lapidot and Messrs. Yelin and Lapidot is 50
                    Dizengoff St., Dizengoff Center, Gate 3, Top Tower, 13th floor, Tel Aviv 64332, Israel.</div>
                </td>
              </tr>

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

              <tr>
                <td style="width: 32.2pt;"><br>
                </td>
                <td style="width: 39.8pt; vertical-align: top; align: right;">(4)</td>
                <td style="width: auto; vertical-align: top; text-align: justify;">
                  <div>As of April 9, 2021, all directors and executive officers as a group (16 persons) held 123,768 options that are vested or that vest within 60 days of April 9, 2021.</div>
                </td>
              </tr>

          </table>
          <div style="line-height: 1.25;"><br style="line-height: 1.25;">
          </div>
          <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" id="DSPFPageBreakArea">
            <div style="text-align: center;" id="DSPFPageNumberArea"><font style="font-weight: normal; font-style: normal;" id="DSPFPageNumber">10</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; 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 2020 annual compensation of our five most highly-compensated executive officers, as recorded in our 2020 annual financial statements, is outlined in Item 6.B. of our
            Annual Report on Form 20-F for the year ended December 31, 2020, 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 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 2022 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 2022 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 2021 Annual General Meeting of Shareholders (i.e., no later than February 19, 2022); provided that if
            the date of the 2022 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 2021 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 2022 annual general meeting of shareholders.</div>
          <div style="line-height: 1.25;"><br style="line-height: 1.25;">
          </div>
          <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" id="DSPFPageBreakArea">
            <div style="text-align: center;" id="DSPFPageNumberArea"><font style="font-weight: normal; font-style: normal;" id="DSPFPageNumber">11</font></div>
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          </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 2022 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, 2021 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. 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 2022 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 style="line-height: 1.25;"><br style="line-height: 1.25;">
          </div>
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            <div style="text-align: center;" id="DSPFPageNumberArea"><font style="font-weight: normal; font-style: normal;" id="DSPFPageNumber">12</font></div>
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          </div>
          <div style="text-align: center; margin-right: 36pt; 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; margin-right: 36pt; line-height: 1.25; font-weight: bold;">Annual Cash Bonus Plan for the Chairman of the Board</div>
          <div style="line-height: 1.25;"><br style="line-height: 1.25;">
          </div>
          <table cellspacing="0" cellpadding="0" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

              <tr>
                <td style="width: 18pt;"><br>
                </td>
                <td style="vertical-align: top; width: 17pt; font-style: italic; font-weight: bold;">I.</td>
                <td style="width: auto; vertical-align: top; text-align: justify;">
                  <div style="font-style: italic; font-weight: bold;"><u>Annual Bonus Plan Years</u>:</div>
                </td>
              </tr>

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

              <tr>
                <td style="width: 35.45pt;"><br>
                </td>
                <td style="width: 14.2pt; vertical-align: top; align: right;">&#8226;</td>
                <td style="width: auto; vertical-align: top; text-align: justify;">
                  <div>Fiscal years 2021, 2022 and 2023</div>
                </td>
              </tr>

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

              <tr>
                <td style="width: 18pt;"><br>
                </td>
                <td style="vertical-align: top; width: 17pt; font-style: italic; font-weight: bold;">II.</td>
                <td style="width: auto; vertical-align: top; text-align: justify;">
                  <div style="font-style: italic; font-weight: bold;"><u>Eligibility Threshold for Annual Bonuses</u>:</div>
                </td>
              </tr>

          </table>
          <div style="line-height: 1.25;"><br style="line-height: 1.25;">
          </div>
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              <tr>
                <td style="width: 35.45pt;"><br>
                </td>
                <td style="width: 14.2pt; vertical-align: top; align: right;">&#8226;</td>
                <td style="width: auto; vertical-align: top; text-align: justify;">
                  <div>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 style="line-height: 1.25;"><br style="line-height: 1.25;">
          </div>
          <table cellspacing="0" cellpadding="0" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

              <tr>
                <td style="width: 18pt;"><br>
                </td>
                <td style="vertical-align: top; width: 17pt; font-style: italic; font-weight: bold;">III.</td>
                <td style="width: auto; vertical-align: top; text-align: justify;">
                  <div style="font-style: italic; font-weight: bold;"><u>Annual Bonuses</u>:</div>
                </td>
              </tr>

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

              <tr>
                <td style="width: 35.45pt;"><br>
                </td>
                <td style="width: 14.2pt; vertical-align: top; align: right;">&#8226;</td>
                <td style="width: auto; vertical-align: top; text-align: justify;">
                  <div><u>Maximum Bonus Per Fiscal Year</u>:</div>
                </td>
              </tr>

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

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                <td style="width: 72pt;"><br>
                </td>
                <td style="width: 18pt; vertical-align: top; align: right;">o</td>
                <td style="width: auto; vertical-align: top; text-align: justify;">
                  <div><font style="font-style: italic;">Basic Bonus &#8211;</font> 6 (six) base monthly salaries.</div>
                </td>
              </tr>

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

              <tr>
                <td style="width: 72pt;"><br>
                </td>
                <td style="width: 18pt; vertical-align: top; align: right;">o</td>
                <td style="width: auto; vertical-align: top; text-align: justify;">
                  <div><font style="font-style: italic;">Over-Achievement Bonus &#8211;</font> 3 (three) base monthly salaries.</div>
                </td>
              </tr>

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

              <tr>
                <td style="width: 35.45pt;"><br>
                </td>
                <td style="width: 14.2pt; vertical-align: top; align: right;">&#8226;</td>
                <td style="width: auto; vertical-align: top; text-align: justify;">
                  <div><u>Bonus Criteria</u>: (i) profitability targets (50% or more); (ii) operational targets; and (iii) non-measurable quantitative performance targets (not more than 20%).</div>
                </td>
              </tr>

          </table>
          <div style="line-height: 1.25;"><br style="line-height: 1.25;">
          </div>
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              <tr>
                <td style="width: 18pt;"><br>
                </td>
                <td style="vertical-align: top; width: 17pt; font-style: italic; font-weight: bold;">IV.</td>
                <td style="width: auto; vertical-align: top; text-align: justify;">
                  <div style="font-style: italic; font-weight: bold;"><u>Partial Deferral</u>:</div>
                </td>
              </tr>

          </table>
          <div style="line-height: 1.25;"><br style="line-height: 1.25;">
          </div>
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                <td style="width: 36pt;"><br>
                </td>
                <td style="width: 18pt; vertical-align: top; align: right;">&#8226;</td>
                <td style="width: auto; vertical-align: top; text-align: justify;">
                  <div>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 style="line-height: 1.25;"><br style="line-height: 1.25;">
          </div>
          <div style="line-height: 1.25;"><br style="line-height: 1.25;">
          </div>
          <div style="line-height: 1.25; text-align: center;"><font style="font-family: 'Times New Roman',Times,serif; font-weight: normal; font-style: normal;" id="DSPFPageNumber">13</font></div>
        </div>
        <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
          <div id="DSPFPageBreak" style="page-break-after: always;">
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        </div>
        <div>
          <div>
            <div style="text-align: center; text-indent: 14.2pt; line-height: 1.25; font-weight: bold;"> <br>
            </div>
            <div style="text-align: center; text-indent: 14.2pt; 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; text-indent: 14.2pt; 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 Isaac Angel, 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 May 20, 2021 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 the same or 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">&#160;</div>
            <div style="text-align: center; text-indent: 36pt; line-height: 1.25; font-weight: bold;">(Continued and to be signed on the reverse side)</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="DSPFPageBreak" style="page-break-after: always;">
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            </div>
            <div style="line-height: 1.25;"><br style="line-height: 1.25;">
            </div>
            <div style="text-align: center; text-indent: 36pt; 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; text-indent: 36pt; 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; text-indent: 36pt; line-height: 1.25; font-weight: bold;">May 20, 2021</div>
            <div style="line-height: 1.25;"><br style="line-height: 1.25;">
            </div>
            <div style="text-align: center; text-indent: 36pt; line-height: 1.25; font-weight: bold;">Please date, sign and mail</div>
            <div style="text-align: center; text-indent: 36pt; line-height: 1.25; font-weight: bold;">your proxy card in the</div>
            <div style="text-align: center; text-indent: 36pt; line-height: 1.25; font-weight: bold;">envelope provided as soon</div>
            <div style="text-align: center; text-indent: 36pt; 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; text-indent: 36pt; line-height: 1.25; font-weight: bold;">Please detach along perforated line and mail in the envelope provided.</div>
            <div style="text-align: center; text-indent: 36pt; line-height: 1.25; font-weight: bold;"> <br>
            </div>
            <div style="text-align: center; line-height: 1.25; font-weight: bold;">
              <hr noshade="noshade" align="center" style="height: 2px; color: #000000; background-color: #000000; margin-left: auto; margin-right: auto; border: none;"></div>
            <div style="line-height: 1.25; font-weight: bold;"><br>
            </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 ITEM 1 AND &#8220;FOR&#8221; THE APPROVAL OF THE PROPOSALS UNDER ITEMS 2 THROUGH 4.</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. 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)B and (3) 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 the Notice of Annual General Meeting of
              Shareholders and in Item II of the Proxy Statement.</div>
            <div style="text-align: justify; line-height: 1.25; font-weight: bold;"> <br>
            </div>
            <div style="text-align: justify; line-height: 1.25;">
              <hr noshade="noshade" align="center" style="height: 2px; color: #000000; background-color: #000000; text-align: center; margin-left: auto; margin-right: auto; border: none;"></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">

                  <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="2" border="0" align="center" style="width: 60%; color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt;">

                  <tr>
                    <td style="width: 5%;">
                      <div>&#160;</div>
                    </td>
                    <td style="width: 45%;">
                      <div>&#160;</div>
                    </td>
                    <td style="width: 10%;">
                      <div style="text-align: center;">&#160;<font style="font-family: 'Times New Roman',Times,serif; font-weight: bold;">FOR</font></div>
                    </td>
                    <td style="width: 10%;">
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                      <div style="text-align: justify; line-height: 1.25;">A. to approve the terms of employment, the Base Compensation and the Chairman Bonus Plan of Mr. Isaac Angel, Chairman of the Board of the Company.</div>
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            <div style="text-align: justify; margin-left: 36pt; line-height: 1.25;">B. to approve the grant of options to&#160;Mr. Isaac Angel, Chairman of the Board of the Company.</div>
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              </font></div>
            <div style="text-align: justify; margin-left: 36pt; line-height: 1.25;">By marking the &#8220;NO&#8221; box below, 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 (3). If you cannot
              make such confirmation, please check the &#8220;YES&#8221; box</div>
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                      <div style="line-height: 1.25;">(4)</div>
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                      <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, 2021, and for such additional period until the next annual general meeting of shareholders</div>
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            <div style="text-align: justify; text-indent: 36pt; line-height: 1.25;"><font style="font-weight: bold;">&#9744; FOR</font>&#160;&#160;&#160;&#160;&#160;&#160; <font style="font-weight: bold;">&#9744;</font> <font style="font-weight: bold;">AGAINST</font>&#160;&#160;&#160;&#160;&#160;&#160; <font style="font-weight: bold;">&#9744;</font><font style="font-weight: bold;"> ABSTAIN</font></div>
            <div style="line-height: 1.25;"><br style="line-height: 1.25;">
            </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. &#9744;</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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