|   | I,      Israel Fisher, Chief Financial Officer of Cell Kinetics Ltd., certify      that: |
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| 1. | I      have reviewed this annual report on Form 20-F of Cell Kinetics Ltd. (the      “Registrant”); |
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| 2. | Based      on my knowledge, this report does not contain any untrue statement of a      material fact or omit to state a material fact necessary to make the      statements made, in light of the circumstances under which such statements      were made, not misleading with respect to the period covered by this      report; |
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| 3. | Based      on my knowledge, the financial statements and other financial information      included in this report, fairly present in all material respects the      financial condition, results of operations and cash flows of the      registrant as of, and for, the period presented in this      report; |
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| 4. | The      registrant’s other certifying officer and I are responsible for      establishing and maintaining disclosure controls and procedures (as      defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) for the registrant      and have: |
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|   | a) | Designed      such disclosure controls and procedures, or caused such disclosure      controls and procedures to be designed under our supervision, to ensure      that material information relating to the registrant, including its      consolidated subsidiaries, is made known to us by others within those      entities, particularly during the period in which this report is being      prepared; |
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|   | b) | Evaluated      the effectiveness of the registrant’s disclosure controls and procedures,      and presented in this report our conclusions about the effectiveness of      the disclosure control and procedures as of the end of the period covered      by this report based on such evaluation;and |
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|   | c) | Disclosed      in this report any change in the company’s internal control over financial      reporting that occurred during the period covered by the annual report      that has materially affected, or is reasonably likely to materially      affect, the company’s internal control over financial reporting;      and |
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| 5. | The      registrant’s other certifying officers and I have disclosed, based on our      most recent evaluation of internal control over financial reporting, to      the registrant’s auditors and audit committee of the board of directors      (or persons performing the equivalentfunction): |
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|   | a) | All      significant deficiencies and material weaknesses in the design or      operation of internal control over financial reporting which are      reasonably likely to adversely affect the registrant’s ability to record,      process, summarize and report financial information;  and |
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|   | b) | any      fraud, whether or not material, that involves management or other      employees who have a significant role in the registrant’s internal      controls over financial reporting. |
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|   |   | /s/ Israel Fisher Israel      FisherChief      Financial Officer |
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