Document:

Exhibit 4.16

Summary in English of the material provisions of an amendment (in Hebrew) dated July 13, 2016, and an amendment (in Hebrew) dated December 15, 2016, to the Letter of Undertaking (in Hebrew) dated August 17, 2015 between Gilat Satellite Networks Ltd. (Borrower) and First International Bank of Israel Ltd.(Lender):

 

In order to secure bank guarantees in connection with the FITEL project, the Borrower shall pledge in favor of the Lender deposits equivalent to 65% of the amounts of the guarantees.

 

This amount shall increase to 70% in any year following a year where at December 31, the Borrower's EBIDTA threshold was not positive.

Additional financial covenant - total financing liabilities, together with bank guarantees and letters of credit opened at the request of the Company not to exceed a total of $150M.Exhibit 4.17

Summary in English of the material provisions of the agreement in Hebrew between Gilat Satellite Networks Ltd. (Company or Borrower) and The Hongkong and Shanghai Banking Corporation (HSBC) dated December 18, 2016

 with respect to a $38M (approximately) credit line

	
 

	
1.

	
Financial Covenants. The Borrower shall maintain the following financial ratios and conditions:

 

	
 

	
(i)

 

(ii) 

	

Borrower’s working capital shall not be less than $110 million and shall not be less than 35% of Borrower’s balance sheet assets (excluding advance payment received from a customer in an amount exceeding $40 million);

 

The ratio of the Borrower’s aggregate financing liabilities, net, to EBITDA shall not exceed 3.5x.

 

	
 

	
(iii)

	
The ratio of Borrower’s aggregate financing liabilities (other than certain excluded loans) to working capital shall not exceed 70%; and

 

	
 

	
(iv)

 

(v) 

	
Borrower’s cash shall not be less than $18 million.

 

Total financing liabilities, together with bank guarantees and letters of credit issued at the request of the Borrower or guaranteed by it are not to exceed a total of $150 million.

	
 

	
2.

 

3.

	
In cases of change of control, or certain restructuring events, the credit line may become immediately due and payable.

 

Borrower shall not dispose of assets or property other than in the ordinary course of business, or up to US$ 5 million (and factoring transactions of up to $5 million).

 

	
 

	
4. 

	
Borrower shall not create any pledge on its assets for the benefit of any third party, other than in connection with factoring transactions of up to $5 million, purchase of equipment in an amount of up to $5 million, or certain pledges of up to $5 million, as excepted in the ordinary course of business. Borrower also undertakes that its subsidiaries shall not create pledges on their assets for the benefit of any third party, other than restricted cash held by trustees and existing pledges in the ordinary course. Notwithstanding, a subsidiary of the Borrower may create a pledge for securing amounts of up to $10 million in the aggregate, and pledges securing up to $5 million in debts owed to suppliers, in connection with equipment purchases.

 

	
 

	
   The Company also registered in favor of HSBC:

 

1.    A first ranking mortgage on the Company’s real estate in Petach Tikva.

2.    A fixed ranking charge on the Company's rights pursuant to lease agreements.

3.    A floating pledge on the company’s assets, the unissued share capital, goodwill and rights stemming from insurances policies (with the exception that, regarding the unissued share capital, Borrower may issue securities convertible into the Borrower’s shares to employees, advisors and directors, limited to18% of the Borrower’s issued and outstanding share capital on a fully diluted basis and Borrower may also issue securities convertible into the Borrower’s shares to investors, with a limit of 10% of the Borrower’s issued and outstanding share capital).

4.     A fixed charge on the restricted cash deposit at HSBC.Exhibit 4.4

CLASS A COMMON   STOCK CLASS A COMMON STOCK SH A R ES LCA CUSIP 518613 20 SEE REVERSE FOR   CERTAIN DEFINITIONS 3 A PUBLIC BENEFIT CORPORATION INCORPORATED UNDER THE   LAWS OF THE STATE OF DELAWARE THIS CERTIFIES THAT is the owner of FULLY PAID   AND NONASSESSABLE SHARES, PAR VALUE $0.004 PER SHARE, OF THE CLASS A COMMON   STOCK, OF LAUREATE EDUCATION, INC., transferable upon the books of the   Corporation in person or by attorney upon surrender of this Certificate duly   endorsed or assigned. This Certificate is not valid unless countersigned and   registered by the Transfer Agent and Registrar. WITNESS the seal of the   Corporation and the signatures of its duly authorized officers. Dated: SEAL   SENIOR VICE PRESIDENT, SECRETARY AND GENERAL COUNSEL CHAIRMAN AND CHIEF   EXECUTIVE OFFICER COUNTERSIGNED AND REGISTERED: AMERICAN STOCK TRANSFER &   TRUST COMPANY, LLC (Brooklyn, NY) TRANSFER AGENT AND REGISTRAR BY: AUTHORIZED   SIGNATURE A 

    

 

 

LAUREATE   EDUCATION, INC. The following abbreviations, when used in the inscription on   the face of this certificate, shall be construed as though they were written   out in full according to applicable laws or regulations: TEN COM — as tenants   in common TEN ENT — as tenants by the entireties JT TEN — as joint tenants   with right of survivorship and not as tenants in commom UNIF GIFT MIN ACT ––   Custodian (Cust) under Uniform Gifts to Minors Act (Minor) (State) Additional   abbreviations may also be used though not in the above list. For value   received, hereby sell, assign and transfer unto PLEASE INSERT SOCIAL SECURITY   OR OTHER IDENTIFYING NUMBER OF ASSIGNEE PLEASE PRINT OR TYPEWRITE NAME AND   ADDRESS INCLUDING POSTAL ZIP CODE OF ASSIGNEE Shares of the Class A common   stock represented by the within Certificate, and do hereby irrevocably   constitute and appoint Attorney to transfer the said stock on the books of   the within-named Corporation with full power of substitution in the premises.   Dated NOTICE: THE SIGNATURE TO THIS ASSIGNMENT MUST CORRESPOND WITH THE NAME   AS WRITTEN UPON THE FACE OF THE CERTIFICATE, IN EVERY PARTICULAR, WITHOUT   ALTERATION OR ENLARGEMENT, OR ANY CHANGE WHATSOEVER. Signature(s) Guaranteed   By THE SIGNATURE(S) SHOULD BE GUARANTEED BY AN ELIGIBLE GUARANTOR INSTITUTION   (BANKS, STOCKBROKERS, SAVINGS AND LOAN ASSOCIATIONS AND CREDIT UNIONS WITH   MEMBERSHIP IN AN APPROVED SIGNATURE GUARANTEE MEDALLION PROGRAM), PURSUANT TO   S.E.C. RULE 17Ad-15. THE CORPORATION WILL FURNISH WITHOUT CHARGE TO EACH STOCKHOLDER   WHO SO REQUESTS THE POWERS, DESIGNATIONS, PREFERENCES AND RELATIVE,   PARTICIPATING, OPTIONAL OR OTHER SPECIAL RIGHTS OF EACH CLASS OF STOCK OR   SERIES THEREOF REPRESENTED HEREBY AND THE QUALIFICATIONS, LIMITATIONS OR   RESTRICTIONS OF SUCH PREFERENCES AND/OR RIGHTS. ANY SUCH REQUESTS SHOULD BE   ADDRESSED TO THE SECRETARY OF THE CORPORATION. KEEP THIS CERTIFICATE IN A   SAFE PLACE. IF IT IS LOST, STOLEN, MUTILATED OR DESTROYED, THE CORPORATION   WILL REQUIRE A BOND OF INDEMNITY AS A CONDITION TO THE ISSUANCE OF A   REPLACEMENT CERTIFICATE. PLEASE INITIAL THE APPROPRIATE SELECTION FOR THIS   PROOF: OK AS IS OK WITH CHANGES MAKE CHANGES AND SEND ANOTHER PROOF NOTE:   TEXT RECEIVED BY MODEM OR E-MAIL IS NOT PROOFREAD WORD FOR WORD. ABnote North   America 711 ARMSTRONG LANE, COLUMBIA, TN 38401 (931) 388-3003 PROOF OF:   JANUARY 3, 2017 LAUREATE EDUCATION, INC. - CLASS A COMMON WO - 10848   BACKOPERATOR: DKS SALES: HOLLY GRONER 931-490-7660 NEWExhibit 4.5

CLASS B COMMON   STOCK CLASS B COMMON STOCK SH A R ES LCB CUSIP 518613 30 SEE REVERSE FOR   CERTAIN DEFINITIONS 2 A PUBLIC BENEFIT CORPORATION INCORPORATED UNDER THE   LAWS OF THE STATE OF DELAWARE THIS CERTIFIES THAT is the owner of FULLY PAID   AND NONASSESSABLE SHARES, PAR VALUE $0.004 PER SHARE, OF THE CLASS B COMMON   STOCK, OF LAUREATE EDUCATION, INC., transferable upon the books of the   Corporation in person or by attorney upon surrender of this Certificate duly   endorsed or assigned. This Certificate is not valid unless countersigned and   registered by the Transfer Agent and Registrar. WITNESS the seal of the   Corporation and the signatures of its duly authorized officers. Dated: SEAL   SENIOR VICE PRESIDENT, SECRETARY AND GENERAL COUNSEL CHAIRMAN AND CHIEF   EXECUTIVE OFFICER COUNTERSIGNED AND REGISTERED: AMERICAN STOCK TRANSFER &   TRUST COMPANY, LLC (Brooklyn, NY) TRANSFER AGENT AND REGISTRAR BY: AUTHORIZED   SIGNATURE A 

    

 

 

LAUREATE   EDUCATION, INC. THIS SECURITY HAS NOT BEEN REGISTERED UNDER THE SECURITIES   ACT OF 1933, AS AMENDED (THE “SECURITIES ACT”), OR UNDER ANY OTHER APPLICABLE   SECURITIES LAWS, AND MAY NOT BE OFFERED, SOLD, ASSIGNED, PLEDGED OR OTHERWISE   DISPOSED OF AT ANY TIME WITHOUT EFFECTIVE REGISTRATION UNDER THE SECURITIES   ACT AND LAWS OR EXEMPTION THEREFROM, AND COMPLIANCE WITH THE OTHER   RESTRICTIONS ON TRANSFERABILITY SET FORTH HEREIN. The following   abbreviations, when used in the inscription on the face of this certificate,   shall be construed as though they were written out in full according to   applicable laws or regulations: TEN COM — as tenants in common TEN ENT — as   tenants by the entireties JT TEN — as joint tenants with right of   survivorship and not as tenants in commom UNIF GIFT MIN ACT –– Custodian   (Cust) under Uniform Gifts to Minors Act (Minor) (State) Additional   abbreviations may also be used though not in the above list. For value   received, hereby sell, assign and transfer unto PLEASE INSERT SOCIAL SECURITY   OR OTHER IDENTIFYING NUMBER OF ASSIGNEE PLEASE PRINT OR TYPEWRITE NAME AND   ADDRESS INCLUDING POSTAL ZIP CODE OF ASSIGNEE Shares of the Class B common   stock represented by the within Certificate, and do hereby irrevocably   constitute and appoint Attorney to transfer the said stock on the books of   the within-named Corporation with full power of substitution in the premises.   Dated NOTICE: THE SIGNATURE TO THIS ASSIGNMENT MUST CORRESPOND WITH THE NAME   AS WRITTEN UPON THE FACE OF THE CERTIFICATE, IN EVERY PARTICULAR, WITHOUT   ALTERATION OR ENLARGEMENT, OR ANY CHANGE WHATSOEVER. Signature(s) Guaranteed   By THE SIGNATURE(S) SHOULD BE GUARANTEED BY AN ELIGIBLE GUARANTOR INSTITUTION   (BANKS, STOCKBROKERS, SAVINGS AND LOAN ASSOCIATIONS AND CREDIT UNIONS WITH   MEMBERSHIP IN AN APPROVED SIGNATURE GUARANTEE MEDALLION PROGRAM), PURSUANT TO   S.E.C. RULE 17Ad-15. THE CORPORATION WILL FURNISH WITHOUT CHARGE TO EACH   STOCKHOLDER WHO SO REQUESTS THE POWERS, DESIGNATIONS, PREFERENCES AND   RELATIVE, PARTICIPATING, OPTIONAL OR OTHER SPECIAL RIGHTS OF EACH CLASS OF   STOCK OR SERIES THEREOF REPRESENTED HEREBY AND THE QUALIFICATIONS,   LIMITATIONS OR RESTRICTIONS OF SUCH PREFERENCES AND/OR RIGHTS. ANY SUCH   REQUESTS SHOULD BE ADDRESSED TO THE SECRETARY OF THE CORPORATION. KEEP THIS   CERTIFICATE IN A SAFE PLACE. IF IT IS LOST, STOLEN, MUTILATED OR DESTROYED,   THE CORPORATION WILL REQUIRE A BOND OF INDEMNITY AS A CONDITION TO THE   ISSUANCE OF A REPLACEMENT CERTIFICATE. PLEASE INITIAL THE APPROPRIATE   SELECTION FOR THIS PROOF: OK AS IS OK WITH CHANGES MAKE CHANGES AND SEND   ANOTHER PROOF NOTE: TEXT RECEIVED BY MODEM OR E-MAIL IS NOT PROOFREAD WORD   FOR WORD. ABnote North America 711 ARMSTRONG LANE, COLUMBIA, TN 38401 (931)   388-3003 PROOF OF: JANUARY 4, 2017 LAUREATE EDUCATION, INC. - CLASS B COMMON WO   - 10849 BACKOPERATOR: DKS SALES: HOLLY GRONER 931-490-7660 REV. 2

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