SSYS

The Reporting Persons have acquired the Shares for investment purposes in the ordinary course of their business of investing in securities for their own accounts or for one or more accounts over which the Reporting Persons have investment or voting power, respectively. The Reporting Persons may engage in discussions with management, the Issuer's board of directors, other stockholders of the Issuer and other relevant parties concerning the business, operations, board composition, management, strategy and future plans of the Issuer. Pursuant to the Shareholder Agreement entered into with the Issuer the Reporting Persons are restricted from acquiring more than 24.99% of the outstanding Shares of the Issuer and will be limited to voting no more than 20% of the outstanding Shares of the Issuer. The Reporting Persons will nevertheless be permitted to conduct a tender offer for the purchase of at least 15% of the issued and outstanding Shares provided that such purchase brings the Reporting Persons' holdings to at least 35% of the issued and outstanding Shares. To the extent the Reporting Persons' beneficial ownership equals at least 20% of the issued and outstanding ordinary shares, if the Reporting Persons' request, the Issuer is required prior to the earlier of (i) its first annual general meeting of shareholders and (ii) its next extraordinary general meeting of shareholders, in each case following the Reporting Persons' reaching that 20% beneficial ownership level, to include in the proxy statement for that next general meeting of shareholders a proposal approving the election to the Issuers' board of a second Reporting Persons designee. Until the election of the second Reporting Persons designee, the Reporting Persons will be entitled to designate one non-voting representative as an observer to the Issuer's board of directors. The Issuer has appointed Yuval Cohen as a director of the Issuer and the Reporting Persons will retain the right to designate one director and one observer so long as the Reporting Persons maintain their holdings of Shares of the Issuer to between 10% and (but not including) 19% of the issued and outstanding Shares of the Issuer. The number of individuals that the Reporting Persons are entitled to designate as directors and/or board observers will be reduced to: (i) no directors and one observer if, at any time, if the Reporting Issuers decrease their holdings to between 7.5% and (but not including) 10% of the issued and outstanding Shares; and (ii) no directors or observer if, the Reporting Persons decrease their holdings to less than 7.5% of the issued and outstanding Shares. Any of the above reductions in the Reporting Persons' right to designate directors and/or an observer will not apply if a decrease in the Reporting Persons' percentage holdings is due to a dilutive action taken by the Issuer, such as an issuance of Shares by the Issuer. Depending upon overall market conditions, other investment opportunities available to the Reporting Persons, and the availability of Shares at prices that would make the purchase or sale of Shares desirable, the Reporting Persons may endeavor to increase or decrease their position in the Issuer through, among other things, the purchase or sale of Shares on the open market or in private transactions or otherwise, on such terms and at such times as the Reporting Person may deem advisable. Except as set forth in this document, none of the Reporting Persons has any present plans which relate to or would result in: (a) The acquisition by any person of additional securities of the Issuer, or the disposition of securities of the Issuer; (b) An extraordinary corporate transaction, such as a merger, reorganization or liquidation, involving the Issuer or any of its subsidiaries; (c) A sale or transfer of a material amount of assets of the Issuer or any of its subsidiaries; (d) Any change in the present board of directors or management of the Issuer, including any plans or proposals to change the number or term of directors or to fill any existing vacancies on the board; (e) Any material change in the present capitalization or dividend policy of the Issuer; (f) Any other material change in the Issuer's business or corporate structure; (g) Changes in the Issuer's charter, bylaws or instruments corresponding thereto or other actions which may impede the acquisition of control of the Issuer by any person; (h) Causing a class of securities of the Issuer to be delisted from a national securities exchange or to cease to be authorized to be quoted in an inter-dealer quotation system of a registered national securities association; (i) A class of equity securities of the Issuer becoming eligible for termination of registration pursuant to Section 12(g)(4) of the Securities Exchange Act of 1934; or (j) Any action similar to any of those enumerated above. The Reporting Persons acquired the securities described in this Schedule 13D for investment purposes and they intend to review their investments in the Issuer on a continuing basis. The Reporting Persons have not yet determined which, if any, of the above courses of action they may ultimately take. The Reporting Persons' future actions with regard to the Issuer are dependent on their evaluation of the factors listed above, circumstances affecting the Issuer in the future, including prospects of the Issuer, general market and economic conditions and other factors deemed relevant. To facilitate their consideration of such matters, the Reporting Persons may retain consultants and advisors and may enter into discussions with potential sources of capital and other third parties. The Reporting Persons may exchange information with any such persons pursuant to appropriate confidentiality or similar agreements. The Reporting Persons will likely take some or all of the foregoing steps at preliminary stages in their consideration of various possible courses of action before forming any intention to pursue any particular plan or direction. The Reporting Persons reserve the right, subject to applicable law, to review or reconsider their position, change their purpose, take other actions (including actions that could involve one or more of the types of transactions or have one or more of the results described in (a) through (j) above, or formulate and implement plans or proposals with respect to any of the foregoing.

The Reporting Persons have acquired the Shares for investment purposes in the ordinary course of their business of investing in securities for their own accounts or for one or more accounts over which the Reporting Persons have investment or voting power, respectively. The Reporting Persons may engage in discussions with management, the Issuer's board of directors, other stockholders of the Issuer and other relevant parties concerning the business, operations, board composition, management, strategy and future plans of the Issuer. Pursuant to the Shareholder Agreement entered into with the Issuer the Reporting Persons are restricted from acquiring more than 24.99% of the outstanding Shares of the Issuer and will be limited to voting no more than 20% of the outstanding Shares of the Issuer. The Reporting Persons will nevertheless be permitted to conduct a tender offer for the purchase of at least 15% of the issued and outstanding Shares provided that such purchase brings the Reporting Persons' holdings to at least 35% of the issued and outstanding Shares. To the extent the Reporting Persons' beneficial ownership equals at least 20% of the issued and outstanding ordinary shares, if the Reporting Persons' request, the Issuer is required prior to the earlier of (i) its first annual general meeting of shareholders and (ii) its next extraordinary general meeting of shareholders, in each case following the Reporting Persons' reaching that 20% beneficial ownership level, to include in the proxy statement for that next general meeting of shareholders a proposal approving the election to the Issuers' board of a second Reporting Persons designee. Until the election of the second Reporting Persons designee, the Reporting Persons will be entitled to designate one non-voting representative as an observer to the Issuer's board of directors. The Issuer has appointed Yuval Cohen as a director of the Issuer and the Reporting Persons will retain the right to designate one director and one observer so long as the Reporting Persons maintain their holdings of Shares of the Issuer to between 10% and (but not including) 19% of the issued and outstanding Shares of the Issuer. The number of individuals that the Reporting Persons are entitled to designate as directors and/or board observers will be reduced to: (i) no directors and one observer if, at any time, if the Reporting Issuers decrease their holdings to between 7.5% and (but not including) 10% of the issued and outstanding Shares; and (ii) no directors or observer if, the Reporting Persons decrease their holdings to less than 7.5% of the issued and outstanding Shares. Any of the above reductions in the Reporting Persons' right to designate directors and/or an observer will not apply if a decrease in the Reporting Persons' percentage holdings is due to a dilutive action taken by the Issuer, such as an issuance of Shares by the Issuer. Depending upon overall market conditions, other investment opportunities available to the Reporting Persons, and the availability of Shares at prices that would make the purchase or sale of Shares desirable, the Reporting Persons may endeavor to increase or decrease their position in the Issuer through, among other things, the purchase or sale of Shares on the open market or in private transactions or otherwise, on such terms and at such times as the Reporting Person may deem advisable. Except as set forth in this document, none of the Reporting Persons has any present plans which relate to or would result in: (a) The acquisition by any person of additional securities of the Issuer, or the disposition of securities of the Issuer; (b) An extraordinary corporate transaction, such as a merger, reorganization or liquidation, involving the Issuer or any of its subsidiaries; (c) A sale or transfer of a material amount of assets of the Issuer or any of its subsidiaries; (d) Any change in the present board of directors or management of the Issuer, including any plans or proposals to change the number or term of directors or to fill any existing vacancies on the board; (e) Any material change in the present capitalization or dividend policy of the Issuer; (f) Any other material change in the Issuer's business or corporate structure; (g) Changes in the Issuer's charter, bylaws or instruments corresponding thereto or other actions which may impede the acquisition of control of the Issuer by any person; (h) Causing a class of securities of the Issuer to be delisted from a national securities exchange or to cease to be authorized to be quoted in an inter-dealer quotation system of a registered national securities association; (i) A class of equity securities of the Issuer becoming eligible for termination of registration pursuant to Section 12(g)(4) of the Securities Exchange Act of 1934; or (j) Any action similar to any of those enumerated above. The Reporting Persons acquired the securities described in this Schedule 13D for investment purposes and they intend to review their investments in the Issuer on a continuing basis. The Reporting Persons have not yet determined which, if any, of the above courses of action they may ultimately take. The Reporting Persons' future actions with regard to the Issuer are dependent on their evaluation of the factors listed above, circumstances affecting the Issuer in the future, including prospects of the Issuer, general market and economic conditions and other factors deemed relevant. To facilitate their consideration of such matters, the Reporting Persons may retain consultants and advisors and may enter into discussions with potential sources of capital and other third parties. The Reporting Persons may exchange information with any such persons pursuant to appropriate confidentiality or similar agreements. The Reporting Persons will likely take some or all of the foregoing steps at preliminary stages in their consideration of various possible courses of action before forming any intention to pursue any particular plan or direction. The Reporting Persons reserve the right, subject to applicable law, to review or reconsider their position, change their purpose, take other actions (including actions that could involve one or more of the types of transactions or have one or more of the results described in (a) through (j) above, or formulate and implement plans or proposals with respect to any of the foregoing.

The Reporting Persons have acquired the Shares for investment purposes in the ordinary course of their business of investing in securities for their own accounts or for one or more accounts over which the Reporting Persons have investment or voting power, respectively. The Reporting Persons may engage in discussions with management, the Issuer's board of directors, other stockholders of the Issuer and other relevant parties concerning the business, operations, board composition, management, strategy and future plans of the Issuer. Pursuant to the Shareholder Agreement entered into with the Issuer the Reporting Persons are restricted from acquiring more than 24.99% of the outstanding Shares of the Issuer and will be limited to voting no more than 20% of the outstanding Shares of the Issuer. The Reporting Persons will nevertheless be permitted to conduct a tender offer for the purchase of at least 15% of the issued and outstanding Shares provided that such purchase brings the Reporting Persons' holdings to at least 35% of the issued and outstanding Shares. To the extent the Reporting Persons' beneficial ownership equals at least 20% of the issued and outstanding ordinary shares, if the Reporting Persons' request, the Issuer is required prior to the earlier of (i) its first annual general meeting of shareholders and (ii) its next extraordinary general meeting of shareholders, in each case following the Reporting Persons' reaching that 20% beneficial ownership level, to include in the proxy statement for that next general meeting of shareholders a proposal approving the election to the Issuers' board of a second Reporting Persons designee. Until the election of the second Reporting Persons designee, the Reporting Persons will be entitled to designate one non-voting representative as an observer to the Issuer's board of directors. The Issuer has appointed Yuval Cohen as a director of the Issuer and the Reporting Persons will retain the right to designate one director and one observer so long as the Reporting Persons maintain their holdings of Shares of the Issuer to between 10% and (but not including) 19% of the issued and outstanding Shares of the Issuer. The number of individuals that the Reporting Persons are entitled to designate as directors and/or board observers will be reduced to: (i) no directors and one observer if, at any time, if the Reporting Issuers decrease their holdings to between 7.5% and (but not including) 10% of the issued and outstanding Shares; and (ii) no directors or observer if, the Reporting Persons decrease their holdings to less than 7.5% of the issued and outstanding Shares. Any of the above reductions in the Reporting Persons' right to designate directors and/or an observer will not apply if a decrease in the Reporting Persons' percentage holdings is due to a dilutive action taken by the Issuer, such as an issuance of Shares by the Issuer. Depending upon overall market conditions, other investment opportunities available to the Reporting Persons, and the availability of Shares at prices that would make the purchase or sale of Shares desirable, the Reporting Persons may endeavor to increase or decrease their position in the Issuer through, among other things, the purchase or sale of Shares on the open market or in private transactions or otherwise, on such terms and at such times as the Reporting Person may deem advisable. Except as set forth in this document, none of the Reporting Persons has any present plans which relate to or would result in: (a) The acquisition by any person of additional securities of the Issuer, or the disposition of securities of the Issuer; (b) An extraordinary corporate transaction, such as a merger, reorganization or liquidation, involving the Issuer or any of its subsidiaries; (c) A sale or transfer of a material amount of assets of the Issuer or any of its subsidiaries; (d) Any change in the present board of directors or management of the Issuer, including any plans or proposals to change the number or term of directors or to fill any existing vacancies on the board; (e) Any material change in the present capitalization or dividend policy of the Issuer; (f) Any other material change in the Issuer's business or corporate structure; (g) Changes in the Issuer's charter, bylaws or instruments corresponding thereto or other actions which may impede the acquisition of control of the Issuer by any person; (h) Causing a class of securities of the Issuer to be delisted from a national securities exchange or to cease to be authorized to be quoted in an inter-dealer quotation system of a registered national securities association; (i) A class of equity securities of the Issuer becoming eligible for termination of registration pursuant to Section 12(g)(4) of the Securities Exchange Act of 1934; or (j) Any action similar to any of those enumerated above. The Reporting Persons acquired the securities described in this Schedule 13D for investment purposes and they intend to review their investments in the Issuer on a continuing basis. The Reporting Persons have not yet determined which, if any, of the above courses of action they may ultimately take. The Reporting Persons' future actions with regard to the Issuer are dependent on their evaluation of the factors listed above, circumstances affecting the Issuer in the future, including prospects of the Issuer, general market and economic conditions and other factors deemed relevant. To facilitate their consideration of such matters, the Reporting Persons may retain consultants and advisors and may enter into discussions with potential sources of capital and other third parties. The Reporting Persons may exchange information with any such persons pursuant to appropriate confidentiality or similar agreements. The Reporting Persons will likely take some or all of the foregoing steps at preliminary stages in their consideration of various possible courses of action before forming any intention to pursue any particular plan or direction. The Reporting Persons reserve the right, subject to applicable law, to review or reconsider their position, change their purpose, take other actions (including actions that could involve one or more of the types of transactions or have one or more of the results described in (a) through (j) above, or formulate and implement plans or proposals with respect to any of the foregoing.

The Reporting Persons have acquired the Shares for investment purposes in the ordinary course of their business of investing in securities for their own accounts or for one or more accounts over which the Reporting Persons have investment or voting power, respectively. The Reporting Persons may engage in discussions with management, the Issuer's board of directors, other stockholders of the Issuer and other relevant parties concerning the business, operations, board composition, management, strategy and future plans of the Issuer. Pursuant to the Shareholder Agreement entered into with the Issuer the Reporting Persons are restricted from acquiring more than 24.99% of the outstanding Shares of the Issuer and will be limited to voting no more than 20% of the outstanding Shares of the Issuer. The Reporting Persons will nevertheless be permitted to conduct a tender offer for the purchase of at least 15% of the issued and outstanding Shares provided that such purchase brings the Reporting Persons' holdings to at least 35% of the issued and outstanding Shares. To the extent the Reporting Persons' beneficial ownership equals at least 20% of the issued and outstanding ordinary shares, if the Reporting Persons' request, the Issuer is required prior to the earlier of (i) its first annual general meeting of shareholders and (ii) its next extraordinary general meeting of shareholders, in each case following the Reporting Persons' reaching that 20% beneficial ownership level, to include in the proxy statement for that next general meeting of shareholders a proposal approving the election to the Issuers' board of a second Reporting Persons designee. Until the election of the second Reporting Persons designee, the Reporting Persons will be entitled to designate one non-voting representative as an observer to the Issuer's board of directors. The Issuer has appointed Yuval Cohen as a director of the Issuer and the Reporting Persons will retain the right to designate one director and one observer so long as the Reporting Persons maintain their holdings of Shares of the Issuer to between 10% and (but not including) 19% of the issued and outstanding Shares of the Issuer. The number of individuals that the Reporting Persons are entitled to designate as directors and/or board observers will be reduced to: (i) no directors and one observer if, at any time, if the Reporting Issuers decrease their holdings to between 7.5% and (but not including) 10% of the issued and outstanding Shares; and (ii) no directors or observer if, the Reporting Persons decrease their holdings to less than 7.5% of the issued and outstanding Shares. Any of the above reductions in the Reporting Persons' right to designate directors and/or an observer will not apply if a decrease in the Reporting Persons' percentage holdings is due to a dilutive action taken by the Issuer, such as an issuance of Shares by the Issuer. Depending upon overall market conditions, other investment opportunities available to the Reporting Persons, and the availability of Shares at prices that would make the purchase or sale of Shares desirable, the Reporting Persons may endeavor to increase or decrease their position in the Issuer through, among other things, the purchase or sale of Shares on the open market or in private transactions or otherwise, on such terms and at such times as the Reporting Person may deem advisable. Except as set forth in this document, none of the Reporting Persons has any present plans which relate to or would result in: (a) The acquisition by any person of additional securities of the Issuer, or the disposition of securities of the Issuer; (b) An extraordinary corporate transaction, such as a merger, reorganization or liquidation, involving the Issuer or any of its subsidiaries; (c) A sale or transfer of a material amount of assets of the Issuer or any of its subsidiaries; (d) Any change in the present board of directors or management of the Issuer, including any plans or proposals to change the number or term of directors or to fill any existing vacancies on the board; (e) Any material change in the present capitalization or dividend policy of the Issuer; (f) Any other material change in the Issuer's business or corporate structure; (g) Changes in the Issuer's charter, bylaws or instruments corresponding thereto or other actions which may impede the acquisition of control of the Issuer by any person; (h) Causing a class of securities of the Issuer to be delisted from a national securities exchange or to cease to be authorized to be quoted in an inter-dealer quotation system of a registered national securities association; (i) A class of equity securities of the Issuer becoming eligible for termination of registration pursuant to Section 12(g)(4) of the Securities Exchange Act of 1934; or (j) Any action similar to any of those enumerated above. The Reporting Persons acquired the securities described in this Schedule 13D for investment purposes and they intend to review their investments in the Issuer on a continuing basis. The Reporting Persons have not yet determined which, if any, of the above courses of action they may ultimately take. The Reporting Persons' future actions with regard to the Issuer are dependent on their evaluation of the factors listed above, circumstances affecting the Issuer in the future, including prospects of the Issuer, general market and economic conditions and other factors deemed relevant. To facilitate their consideration of such matters, the Reporting Persons may retain consultants and advisors and may enter into discussions with potential sources of capital and other third parties. The Reporting Persons may exchange information with any such persons pursuant to appropriate confidentiality or similar agreements. The Reporting Persons will likely take some or all of the foregoing steps at preliminary stages in their consideration of various possible courses of action before forming any intention to pursue any particular plan or direction. The Reporting Persons reserve the right, subject to applicable law, to review or reconsider their position, change their purpose, take other actions (including actions that could involve one or more of the types of transactions or have one or more of the results described in (a) through (j) above, or formulate and implement plans or proposals with respect to any of the foregoing.

The Reporting Persons have acquired the Shares for investment purposes in the ordinary course of their business of investing in securities for their own accounts or for one or more accounts over which the Reporting Persons have investment or voting power, respectively. The Reporting Persons may engage in discussions with management, the Issuer's board of directors, other stockholders of the Issuer and other relevant parties concerning the business, operations, board composition, management, strategy and future plans of the Issuer. Pursuant to the Shareholder Agreement entered into with the Issuer the Reporting Persons are restricted from acquiring more than 24.99% of the outstanding Shares of the Issuer and will be limited to voting no more than 20% of the outstanding Shares of the Issuer. The Reporting Persons will nevertheless be permitted to conduct a tender offer for the purchase of at least 15% of the issued and outstanding Shares provided that such purchase brings the Reporting Persons' holdings to at least 35% of the issued and outstanding Shares. To the extent the Reporting Persons' beneficial ownership equals at least 20% of the issued and outstanding ordinary shares, if the Reporting Persons' request, the Issuer is required prior to the earlier of (i) its first annual general meeting of shareholders and (ii) its next extraordinary general meeting of shareholders, in each case following the Reporting Persons' reaching that 20% beneficial ownership level, to include in the proxy statement for that next general meeting of shareholders a proposal approving the election to the Issuers' board of a second Reporting Persons designee. Until the election of the second Reporting Persons designee, the Reporting Persons will be entitled to designate one non-voting representative as an observer to the Issuer's board of directors. The Issuer has appointed Yuval Cohen as a director of the Issuer and the Reporting Persons will retain the right to designate one director and one observer so long as the Reporting Persons maintain their holdings of Shares of the Issuer to between 10% and (but not including) 19% of the issued and outstanding Shares of the Issuer. The number of individuals that the Reporting Persons are entitled to designate as directors and/or board observers will be reduced to: (i) no directors and one observer if, at any time, if the Reporting Issuers decrease their holdings to between 7.5% and (but not including) 10% of the issued and outstanding Shares; and (ii) no directors or observer if, the Reporting Persons decrease their holdings to less than 7.5% of the issued and outstanding Shares. Any of the above reductions in the Reporting Persons' right to designate directors and/or an observer will not apply if a decrease in the Reporting Persons' percentage holdings is due to a dilutive action taken by the Issuer, such as an issuance of Shares by the Issuer. Depending upon overall market conditions, other investment opportunities available to the Reporting Persons, and the availability of Shares at prices that would make the purchase or sale of Shares desirable, the Reporting Persons may endeavor to increase or decrease their position in the Issuer through, among other things, the purchase or sale of Shares on the open market or in private transactions or otherwise, on such terms and at such times as the Reporting Person may deem advisable. Except as set forth in this document, none of the Reporting Persons has any present plans which relate to or would result in: (a) The acquisition by any person of additional securities of the Issuer, or the disposition of securities of the Issuer; (b) An extraordinary corporate transaction, such as a merger, reorganization or liquidation, involving the Issuer or any of its subsidiaries; (c) A sale or transfer of a material amount of assets of the Issuer or any of its subsidiaries; (d) Any change in the present board of directors or management of the Issuer, including any plans or proposals to change the number or term of directors or to fill any existing vacancies on the board; (e) Any material change in the present capitalization or dividend policy of the Issuer; (f) Any other material change in the Issuer's business or corporate structure; (g) Changes in the Issuer's charter, bylaws or instruments corresponding thereto or other actions which may impede the acquisition of control of the Issuer by any person; (h) Causing a class of securities of the Issuer to be delisted from a national securities exchange or to cease to be authorized to be quoted in an inter-dealer quotation system of a registered national securities association; (i) A class of equity securities of the Issuer becoming eligible for termination of registration pursuant to Section 12(g)(4) of the Securities Exchange Act of 1934; or (j) Any action similar to any of those enumerated above. The Reporting Persons acquired the securities described in this Schedule 13D for investment purposes and they intend to review their investments in the Issuer on a continuing basis. The Reporting Persons have not yet determined which, if any, of the above courses of action they may ultimately take. The Reporting Persons' future actions with regard to the Issuer are dependent on their evaluation of the factors listed above, circumstances affecting the Issuer in the future, including prospects of the Issuer, general market and economic conditions and other factors deemed relevant. To facilitate their consideration of such matters, the Reporting Persons may retain consultants and advisors and may enter into discussions with potential sources of capital and other third parties. The Reporting Persons may exchange information with any such persons pursuant to appropriate confidentiality or similar agreements. The Reporting Persons will likely take some or all of the foregoing steps at preliminary stages in their consideration of various possible courses of action before forming any intention to pursue any particular plan or direction. The Reporting Persons reserve the right, subject to applicable law, to review or reconsider their position, change their purpose, take other actions (including actions that could involve one or more of the types of transactions or have one or more of the results described in (a) through (j) above, or formulate and implement plans or proposals with respect to any of the foregoing.

The Reporting Persons have acquired the Shares for investment purposes in the ordinary course of their business of investing in securities for their own accounts or for one or more accounts over which the Reporting Persons have investment or voting power, respectively. The Reporting Persons may engage in discussions with management, the Issuer's board of directors, other stockholders of the Issuer and other relevant parties concerning the business, operations, board composition, management, strategy and future plans of the Issuer. Pursuant to the Shareholder Agreement entered into with the Issuer the Reporting Persons are restricted from acquiring more than 24.99% of the outstanding Shares of the Issuer and will be limited to voting no more than 20% of the outstanding Shares of the Issuer. The Reporting Persons will nevertheless be permitted to conduct a tender offer for the purchase of at least 15% of the issued and outstanding Shares provided that such purchase brings the Reporting Persons' holdings to at least 35% of the issued and outstanding Shares. To the extent the Reporting Persons' beneficial ownership equals at least 20% of the issued and outstanding ordinary shares, if the Reporting Persons' request, the Issuer is required prior to the earlier of (i) its first annual general meeting of shareholders and (ii) its next extraordinary general meeting of shareholders, in each case following the Reporting Persons' reaching that 20% beneficial ownership level, to include in the proxy statement for that next general meeting of shareholders a proposal approving the election to the Issuers' board of a second Reporting Persons designee. Until the election of the second Reporting Persons designee, the Reporting Persons will be entitled to designate one non-voting representative as an observer to the Issuer's board of directors. The Issuer has appointed Yuval Cohen as a director of the Issuer and the Reporting Persons will retain the right to designate one director and one observer so long as the Reporting Persons maintain their holdings of Shares of the Issuer to between 10% and (but not including) 19% of the issued and outstanding Shares of the Issuer. The number of individuals that the Reporting Persons are entitled to designate as directors and/or board observers will be reduced to: (i) no directors and one observer if, at any time, if the Reporting Issuers decrease their holdings to between 7.5% and (but not including) 10% of the issued and outstanding Shares; and (ii) no directors or observer if, the Reporting Persons decrease their holdings to less than 7.5% of the issued and outstanding Shares. Any of the above reductions in the Reporting Persons' right to designate directors and/or an observer will not apply if a decrease in the Reporting Persons' percentage holdings is due to a dilutive action taken by the Issuer, such as an issuance of Shares by the Issuer. Depending upon overall market conditions, other investment opportunities available to the Reporting Persons, and the availability of Shares at prices that would make the purchase or sale of Shares desirable, the Reporting Persons may endeavor to increase or decrease their position in the Issuer through, among other things, the purchase or sale of Shares on the open market or in private transactions or otherwise, on such terms and at such times as the Reporting Person may deem advisable. Except as set forth in this document, none of the Reporting Persons has any present plans which relate to or would result in: (a) The acquisition by any person of additional securities of the Issuer, or the disposition of securities of the Issuer; (b) An extraordinary corporate transaction, such as a merger, reorganization or liquidation, involving the Issuer or any of its subsidiaries; (c) A sale or transfer of a material amount of assets of the Issuer or any of its subsidiaries; (d) Any change in the present board of directors or management of the Issuer, including any plans or proposals to change the number or term of directors or to fill any existing vacancies on the board; (e) Any material change in the present capitalization or dividend policy of the Issuer; (f) Any other material change in the Issuer's business or corporate structure; (g) Changes in the Issuer's charter, bylaws or instruments corresponding thereto or other actions which may impede the acquisition of control of the Issuer by any person; (h) Causing a class of securities of the Issuer to be delisted from a national securities exchange or to cease to be authorized to be quoted in an inter-dealer quotation system of a registered national securities association; (i) A class of equity securities of the Issuer becoming eligible for termination of registration pursuant to Section 12(g)(4) of the Securities Exchange Act of 1934; or (j) Any action similar to any of those enumerated above. The Reporting Persons acquired the securities described in this Schedule 13D for investment purposes and they intend to review their investments in the Issuer on a continuing basis. The Reporting Persons have not yet determined which, if any, of the above courses of action they may ultimately take. The Reporting Persons' future actions with regard to the Issuer are dependent on their evaluation of the factors listed above, circumstances affecting the Issuer in the future, including prospects of the Issuer, general market and economic conditions and other factors deemed relevant. To facilitate their consideration of such matters, the Reporting Persons may retain consultants and advisors and may enter into discussions with potential sources of capital and other third parties. The Reporting Persons may exchange information with any such persons pursuant to appropriate confidentiality or similar agreements. The Reporting Persons will likely take some or all of the foregoing steps at preliminary stages in their consideration of various possible courses of action before forming any intention to pursue any particular plan or direction. The Reporting Persons reserve the right, subject to applicable law, to review or reconsider their position, change their purpose, take other actions (including actions that could involve one or more of the types of transactions or have one or more of the results described in (a) through (j) above, or formulate and implement plans or proposals with respect to any of the foregoing.