<SEC-DOCUMENT>0001213900-18-008837.txt : 20180808
<SEC-HEADER>0001213900-18-008837.hdr.sgml : 20180808
<ACCEPTANCE-DATETIME>20180706160117
<PRIVATE-TO-PUBLIC>
ACCESSION NUMBER:		0001213900-18-008837
CONFORMED SUBMISSION TYPE:	CORRESP
PUBLIC DOCUMENT COUNT:		2
FILED AS OF DATE:		20180706

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			MAGIC SOFTWARE ENTERPRISES LTD
		CENTRAL INDEX KEY:			0000876779
		STANDARD INDUSTRIAL CLASSIFICATION:	SERVICES-PREPACKAGED SOFTWARE [7372]
		IRS NUMBER:				330477418
		STATE OF INCORPORATION:			L3
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		CORRESP

	BUSINESS ADDRESS:	
		STREET 1:		5 HAPLADA STREET
		CITY:			OR YEHUDA ISRAEL
		STATE:			L3
		ZIP:			60218
		BUSINESS PHONE:		97235389322

	MAIL ADDRESS:	
		STREET 1:		5 HAPLADA STREET
		CITY:			OR YEHUDA ISRAEL
		STATE:			L3
		ZIP:			60218
</SEC-HEADER>
<DOCUMENT>
<TYPE>CORRESP
<SEQUENCE>1
<FILENAME>filename1.htm
<TEXT>
<HTML>
<HEAD>
     <TITLE></TITLE>
</HEAD>
<BODY STYLE="font: 10pt Times New Roman, Times, Serif">

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;July 6, 2018</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><IMG SRC="image_001.jpg" ALT="" STYLE="height: 100px; width: 93px">&nbsp;</P>

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

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">100 F Street, N.E.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Attn: Matthew Derby, Esq.</P>

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

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 15%">&nbsp;</TD>
    <TD STYLE="width: 5%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Re:</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Magic Software Enterprises Ltd.</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Registration Statement on Form F-3</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><U>File No. 333-225751</U></FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;&nbsp;</P>

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">The undersigned, on behalf
of Magic Software Enterprises Ltd. (&ldquo;Magic&rdquo;), issuer of the securities covered by the above-referenced Registration
Statement, hereby respectfully requests that the above-referenced Registration Statement be declared effective by the Securities
and Exchange Commission at 4:00 p.m. Washington, D.C. time, on Tuesday, July 10, 2018, or as soon thereafter as possible.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">Management of Magic is
aware of its responsibilities under the Securities Act of 1933 and the Securities Exchange Act of 1934 as they relate to the disposition
of the securities covered by the above-referenced Registration Statement.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">Thank you very much for
your courtesy in this matter.</P>

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

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 60%">&nbsp;</TD>
    <TD STYLE="width: 40%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Very truly yours,</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD STYLE="border-bottom: black 1.5pt solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">/s/ Amit Birk</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Amit Birk</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Vice President, Mergers and Acquisitions, </FONT><BR>
<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">General Counsel and Corporate Secretary</FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 3in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 3in">&nbsp;</P>

<!-- Field: Page; Sequence: 1; Options: Last -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

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

</BODY>
</HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>2
<FILENAME>image_001.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 image_001.jpg
M_]C_X  02D9)1@ ! 0$ 8 !@  #_VP!#  $! 0$! 0$! 0$! 0$! 0$! 0$!
M 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0'_
MVP!# 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$!
M 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0'_P  1" !D %T# 2(  A$! Q$!_\0
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M2]&MKF=%GO)+*SNM?]KW]LGX)?L6?#"\^)/Q@\0I;R3+/:>$/!FFR6]QXO\
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MP=*AB9U\91=;"^RQRIU:,:+IX>L^:4I\M9SI3I/3PX^CIQU@\/B<SSCAO/\
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MA8W<5W;7H)98KD- S.)@OX*0SM%,P)VD.0<G[V#R,<GC'/R]NA.,]+::L8E
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M;WNG6OV_^U%^W;^RG\+/%GQ._9D^*GQ?T_P1J_QBU?X\?"+QAXMT&2>]\4_
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MPS5-0PN71FK\ZPE%M5))\CQ%2LXWC%2D#^'_ '3_ .RTV3M^/]*</X?]T_\
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=HH"R[(**** L%%%% !1110%@H(!Z@'ZT44 ?_]D!

end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
