20-F















Exhibit 4.7  






Summary of Material
Terms of the Lease Agreements for the Company’s Headquarters  



Five-story building in
Tel Aviv  



	—	The
premises: 5 floors and additional areas in 12 Ha’Nechoshet , Tel-Aviv, Israel
(approximately 36,000 square feet), plus storage and parking space. 






	—	Signing
date: July 9, 2008.






	—	Parties:
Radware Ltd., Israel ("Radware"), Yehuda Zisapel assets Ltd. and Zohar Zisapel assets
Ltd.    (together referred to as "Lessor").






	—	Lease
period: The lease period started on November 1st, 2007 and will terminate on November
1st, 2012. 






	—	Lease
payments: An amount in NIS equal to the aggregated sum and according to the following
breakdown: US$14 per month per square meter for 3,174 square meters of office space
(approximately 34,000 square feet) (in the first year of the lease – US$13 per
month), US$8 per month for square meter for 165 square meters of storage (approximately
1,800 square feet), average price of US$96 per month per parking space for 54 parking
spaces (the “Lease Payments”). In addition, Radware pays management fees. 






	—	All
Lease Payments are calculated according to the known exchange rate on the date of each
payment, plus VAT, and are made in advance on a quarterly basis on the first day of each
quarter. 






	—	Guarantees:
Radware is required to submit to the Lessor a bank guarantee against its obligations
pursuant to the lease agreement in the amount of six (6) months Lease Payments plus VAT
and management fees (“Bank Guarantee”). Such Bank Guarantee will be issued only
should Yehuda Zisapel’s, Roy Zisapel’s and Zohar Zisapel’s stock holdings
in Radware shall drop under 10% of Radware’s issued share capital. 






Two stories in Or
building in Tel Aviv  



	—	The
premises: Certain office areas in two floors in 4 Ha’Nechoshet , Tel-Aviv, Israel
(approximately 30,000 square feet), 60 parking spaces. 






	—	Signing
date: November 22, 2007 






	—	Parties:
Radware Ltd., Israel ("Radware"), Radwill Ltd. and Run-Rad Unlimited Networking Ltd.
(together    referred to as "Lessor")






	—	Lease
period: The lease commencement date is on or about May 2008 and will expire on or about
May 2011. The lease may be extended at Radware’s option for an additional period, to
be terminated on June 1st 2015, the latest (“Extended Period”). 






	—	Lease
payments: An amount in NIS equal to the aggregated sum and according to the following
breakdown: US$16 per month per square meter for 2,740 for square meter (approximately
30,000 square feet) and an additional US$100 per parking space (the “Lease Payments”).
During the Extended Period the Lease Payments will be US$17.25 per month per square
meter. Payment for parking spaces shall remain the same. In addition, Radware pays
management fees. 






	—	All
Lease Payments are calculated according to the known exchange rate on the date of each
payment, plus VAT, and are made in advance on a quarterly basis and on the first day of
each such quarter. 






	—	Guarantees:
Radware is required to submit to the Lessor a bank guarantee against its obligations
pursuant to the lease agreement in the amount of six (6) months Lease Payments plus VAT
and management fees (“Bank Guarantee”). Such Bank Guarantee will be issued only
should Yehuda Zisapel’s, Roy Zisapel’s and Zohar Zisapel’s stock holdings
in Radware shall drop under 10% of Radware’s issued share capital.