Document:

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                                                                  EXHIBIT 4.18

                         REGISTRATION RIGHTS AGREEMENT

         This Registration Rights Agreement, is made as of August 7, 2000,
between Israel Discount Bank Ltd. ("Holder"), and Gilat-To-Home Inc., a
Delaware corporation (the "Company").

         Reference is made to (i) that certain Series C Convertible Preferred
Stock Purchase Warrant executed and delivered by the Company in favor of the
Holder and dated as of the date hereof (as amended from time to time, the
"Warrant"), pursuant to which, among other things, the Company will issue and
sell to the Holder, upon the terms set forth therein, shares of Series C
Convertible Preferred Stock, par value $0.05 per share, of the Company (the
"Series C Preferred Stock") and (ii) the "Debt Conversion Letter" dated as of
June 26, 2000, addressed to Bank Leumi USA, as agent for the lenders party to
the Financing Agreement (as defined below), by the Company, pursuant to which,
among other things, the Holder and all lenders may convert up to $10 million of
the principal amount of loans made pursuant to the Financing Agreement (as
defined below) into Series D Convertible Preferred Stock, par value $0.05 per
share, of the Company.

         The Company agrees for the benefit of the Holder from time to time of
the Registrable Securities (as defined herein) as follows:

         1.       Definitions.  (a)  As used in this Agreement and except as
otherwise defined herein, the following defined terms shall have the following
meanings:

         "Affiliate" of any specified Person means any other Person which,
directly or indirectly, is in control of, is controlled by, or is under common
control with such specified Person. For purposes of this definition, control of
a person means the power, direct or indirect, to direct or cause the direction
of the management and policies of such person whether by contract or otherwise.

         "Applicable Securities" means, in relation to a Registration
Statement, the Registrable Securities identified in the related Demand Notice
or Piggy-back Notice.

         "Business Day" means a day other than a Saturday, Sunday or other day
on which banks located in New York are authorized or required by law to close.

         "Closing" means the closing of the transactions contemplated by the
Financing Agreement.

         "Closing Date" means the date and the time that the Closing is
effected.

         "Commission" means the United States Securities and Exchange
Commission.

         "Common Stock" means the common stock, par value $0.05 per share, of
the Company (or such other security of the Company into which common stock may
be reconstituted).

         "Debt Conversion Letter" shall have the meaning set forth in the
Recitals.

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         "Demand Notice" means a notice given by the Holder pursuant to Section
2(a).

         "Effectiveness Period" means, as to a Registration Statement, the
period during which such Registration Statement is effective.

         "Effective Time" means the date on which the Commission declares a
Registration Statement effective or on which a Registration Statement otherwise
becomes effective.

         "Electing Holder" means, with respect to a Registration, any Person
that has delivered a Demand Notice or a Piggy-back Notice hereunder or under
the Parallel Registration Rights Agreement.

         "Exchange Act" means the United States Securities and Exchange Act of
1934, as amended.

         "Financing Agreement" means the Financing Agreement dated as of June
26, 2000, by and among the Company, the financial institutions from time to
time party thereto, and Bank Leumi USA, as agent, as amended, supplemented or
otherwise modified from time to time.

         "Holder" means Israel Discount Bank Ltd., or its registered assigns.

         "Intended Offering Notice" shall have the meaning set forth in Section
3(a).

         "Microsoft" means Microsoft G- Holdings, Inc., a Nevada corporation
and a wholly owned subsidiary of Microsoft Corporation, a Washington
corporation.

         "NASD Rules" means the Rules of the National Association of Securities
Dealers, Inc., as amended from time to time.

         "Notice and Questionnaire" means a Notice of Registration Statement
and Questionnaire substantially in the form of Exhibit A hereto.

         "Parallel Registration Rights Agreement" means the Registration Rights
Agreement, dated as of February 15, 2000, by and among Microsoft, the Company,
and Spacenet, as amended and joined pursuant to the Amendment and Joinder to
Registration Rights Agreement, dated as of April 11, 2000, by and among
EchoStar Communications Corporation, a Nevada corporation, Furman Selz
Investors II L.P., FS Employee Investors LLC, Microsoft, the Company and
Spacenet.

         "Person" means an individual, partnership, corporation, trust, limited
liability company or unincorporated organization, or other entity or
organization, including a government or agency or political subdivision
thereof.

         "Piggy-back Notice" means a Notice given by the Holder pursuant to
Section 3(a) hereof or any other Person pursuant to Section 3(a) of the
Parallel Registration Rights Agreement.

         "Preferred Stock" means Series C Preferred Stock and Series D
Preferred Stock issued by the Company pursuant to the Warrant or the Debt
Conversion Letter.

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         "Prospectus" means the prospectus (including, without limitation, any
preliminary prospectus, any final prospectus and any prospectus that discloses
information previously omitted from a prospectus filed as part of an effective
Registration Statement in reliance upon Rule 430A under the Securities Act)
included in Registration Statement, as amended or supplemented by any
prospectus supplement with respect to the terms of the offering of any portion
of the Applicable Securities covered by a Registration Statement or by all
other amendments and supplements to such prospectus, including all material
incorporated by reference in such prospectus and all documents filed after the
date of such prospectus by the Company under the Exchange Act and incorporated
by reference therein.

         "Public Offering" shall mean, with respect to the Company, the earlier
to occur of (a) the completion of an underwritten sale of common equity
interests of the Company and (b) the time at which the Company becomes subject
to the periodic reporting requirements of Section 13 of the Exchange Act.

         "Registrable Securities" means Underlying Stock, other than
Unrestricted Securities.

         "Registration" means a registration under the Securities Act effected
pursuant to Section 2 or Section 3 hereof or Section 2 or 3 of the Parallel
Registration Rights Agreement.

         "Registration Expenses" means all expenses incident to the Company's
performance of or compliance with any Registration of Registrable Securities,
including, without limitation, all registration, filing and National
Association of Securities Dealers, Inc. fees, fees of any stock exchange upon
which the Registrable Securities are listed, all fees and expenses of complying
with securities or blue sky laws, all word processing, duplicating and printing
expenses, messenger and delivery expenses, the fees and disbursements of
counsel for the Company and of its independent public accountants, including
the expenses of any special audits or "comfort" letters required by or incident
to such performance and compliance, premiums and other costs of policies of
insurance obtained by the Company against liabilities arising out of the public
offering of Registrable Securities being registered and any fees and
disbursements of underwriters customarily paid by issuers, but excluding fees
and disbursements of counsel retained by any Holders, premiums and other costs
of policies of insurance obtained by any Holders or their agents or
underwriters against liabilities arising out of the public offering of the
Registrable Securities being registered, any fees and disbursements of
underwriters customarily paid by sellers of securities who are not the issuers
of such securities and all underwriting discounts and commissions and transfer
taxes, if any, relating to Registrable Securities.

         "Registration Statement" means a registration statement filed under
the Securities Act by the Company pursuant to the provisions of Section 2 or
Section 3 hereof, or Section 2 or Section 3 of the Parallel Registration Rights
Agreement, including the Prospectus contained therein, any amendments and
supplements to such registration statement, including post-effective amendments
and all exhibits and all material incorporated by reference in such
registration statement.

         "Rules and Regulations" means the published rules and regulations of
the Commission promulgated under the Securities Act or the Exchange Act, as in
effect at any relevant time.

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         "Series C Preferred Stock" shall have the meaning set forth in the
Recitals to this Agreement.

         "Series D Preferred Stock" shall have the meaning set forth in the
Recitals to this Agreement.

         "Spacenet" means Spacenet Inc., a Delaware corporation and a wholly
owned subsidiary of Gilat Satellite Networks Ltd., a company organized under
the laws of Israel.

         "Underlying Stock" means the Common Stock of the Holder and shares of
Common Stock issued upon the conversion of any Preferred Stock issued pursuant
to the Warrant or the Debt Conversion Letter.

         "Unrestricted Securities" means any Underlying Stock that (i) has been
registered under an effective registration statement under the Securities Act,
(ii) has been transferred in compliance with Rule 144 under the Securities Act
(or any successor provision thereto) under circumstances in which any legend
relating to restrictions on transfer under the Securities Act is removed, (iii)
is transferable pursuant to paragraph (k) of Rule 144 (or any successor
provision thereto) or (iv) has otherwise been transferred and a new security
not subject to transfer restrictions under the Securities Act has been
delivered upon such transfer by or on behalf of the Company.

         "Warrant" shall have the meaning set forth in the Recitals.

         "$" means United States dollars.

         (b)      The words "include," "includes" and "including," when used in
this Agreement, shall be deemed to be followed by the words "without
limitation."

         (c)      The words "hereof," "herein," and "hereunder" and words of
similar import, when used in this Agreement, shall refer to this Agreement as a
whole and not to any particular provision of this Agreement.

         (d)      The terms defined in the singular shall have a comparable
meaning when used in the plural, and vice versa.

         2.       Demand Registration. (a) The Holder shall have the right, at
any time after the Public Offering, to require the Company to register for
offer and sale under the Securities Act all or a portion of the Registrable
Securities then held by the Holder; it being understood that the Holder may
exercise its rights under this Section 2(a) on not more than three occasions in
the aggregate. As promptly as practicable after the Company receives a notice
from the Holder (a "Demand Notice") demanding that the Company register for
offer and sale under the Securities Act Registrable Securities consisting, as
to each Registration, of an amount of Registrable Securities held by the Holder
having an estimated market value of $5 million, subject to Section 2(b), the
Company shall (i) prepare and, within 60 days after such request, file with the
Commission a Registration Statement relating to the offer and sale of the
Applicable Securities on such form as the Company may reasonably deem
appropriate (provided that the Company shall not, unless the Company otherwise
consents, be obligated to register any securities on a

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"shelf" registration statement or otherwise to register securities for offer or
sale on a continuous or delayed basis) and, thereafter, (ii) use reasonable
efforts to cause such Registration Statement to be declared effective under the
Securities Act as promptly as practicable after the date of filing of such
Registration Statement. Subject to Section 2(b), the Company shall use
reasonable efforts to keep each Registration Statement continuously effective
in order to permit the Prospectus forming a part thereof to be usable by the
Holder for resales of Applicable Securities for an Effectiveness Period ending
on the earlier of (i) 30 days from the Effective Time of such Registration
Statement or (ii) such time as all of such Applicable Securities have been
disposed of by the Holder.

         (b)      The Company shall have the right to postpone (or, if
necessary or advisable, withdraw) the filing, or delay the effectiveness, of a
Registration Statement, or fail to keep such Registration Statement
continuously effective or not amend or supplement the Registration Statement or
included Prospectus, if (i) the filing or causing to be declared effective or
keeping continuously effective any such Registration Statement would require an
audit of the Company's financial statements at a time such audit would not
otherwise be required pursuant to the Exchange Act, (ii) the Company determines
in good faith and on the advice of counsel that it would be required to
disclose in such Registration Statement information which the Company has not
otherwise publicly disclosed and is not at the time required to publicly
disclose, (iii) the Company determines in good faith that such Registration
would interfere with any pending financing, acquisition, corporate
reorganization or any other corporate development involving the Company or any
of its subsidiaries or (iv) within the 90 day period preceding the receipt by
the Company of a Demand Notice, the Company has effected any other registration
of its securities; provided that the Company may postpone a Demand Registration
no more than once in any 18 month period and that any such postponement period
shall not exceed 90 days in the aggregate. The Company shall advise the Holder
of any such determination as promptly as practicable.

         (c)      The Company may include in any registration requested
pursuant to Section 2(a) hereof other securities for sale for its own account
or for the account of another Person, subject to the following sentence. In
connection with an underwritten offering pursuant to Section 2(a) hereof, if
the managing underwriter or underwriters advise the Company that in its or
their opinion the number of securities requested to be registered exceeds the
number which can be sold in such offering, the Company shall include in such
Registration the number of securities that, in the opinion of such managing
underwriter or underwriters, can be sold as follows: (i) first, the Applicable
Securities requested to be registered, (ii) second, any other Registrable
Securities requested to be included in such Registration pursuant to Section
3(a) hereof and (iii) third, any other securities requested to be included in
such Registration.

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         (d)      The Holder shall have the right to withdraw such request for
Registration under Section 2(a) (i) prior to the time the Registration
Statement in respect of such Registration has been declared effective, (ii)
upon the issuance by a governmental agency or the Commission of a stop order,
injunction or other order which interferes with such Registration, (iii) upon
the Company availing itself of Section 2(b) hereof, or (iv) if the Holder is
prevented pursuant to Section 2(c) hereof from selling any of the Applicable
Securities it requested to be registered; it being understood that such
Registration shall be deemed not to have been requested for purposes of Section
2(a) hereof if the Holder withdraws its request pursuant to clause (i), (ii),
(iii) or (iv) above. If the Holder withdraws a request made pursuant to Section
2(a) but the Company nevertheless determines to complete, within 30 days after
such withdrawal, the Registration so requested as to securities other than the
Applicable Securities, the Holder shall be entitled to participate in such
Registration pursuant to Section 3 hereof, but in such case the Intended
Offering Notice shall be required to be given to the Holder at least 10
business days prior to the anticipated filing date of the Registration
Statement and the Holder shall be required to give the Piggy-back Notice no
later than 5 business day after the Company's delivery of such Intended
Offering Notice.

         (e)      In the event that any Registration pursuant to this Section 2
shall involve, in whole or in part, an underwritten offering, the managing
underwriter or underwriters shall be selected by the Company in good faith and
shall be reasonably satisfactory to the Holder.

         3.       Piggy-back Registration. (a) If at any time after a Public
Offering the Company intends to file on its behalf or on behalf of any of its
securityholders a registration statement in connection with a public offering
of any securities of the Company on a form and in a manner that would permit
the registration for offer and sale under the Securities Act of Registrable
Securities of the same class held by the Holder, other than a registration
statement on Form S-8 or Form S-4 (or any successor forms) or in any other
transaction of the type specified in Rule 145 under the Securities Act (or any
successor forms), then the Company shall give written notice (an "Intended
Offering Notice") of such intention to the Holder at least 20 Business Days
prior to the anticipated filing date of such registration statement. Such
Intended Offering Notice shall offer to include in such registration statement
for offer to the public such number of Registrable Securities as the Holder may
request subject to the conditions set forth herein, and shall specify, to the
extent then known, the number and class of securities proposed to be
registered, the proposed date of filing of such registration statement, any
proposed means of distribution of such securities, any proposed managing
underwriter or underwriters of such securities and a good faith estimate by the
Company of the proposed maximum offering price of such securities, as such
price is proposed to appear on the facing page of such registration statement.
If the Holder desires to have Registrable Securities included in such
registration statement and offered to the public it shall so advise the Company
in writing (the written notice of the Holder being a "Piggy-back Notice") not
later than 10 Business Days after the Company's delivery to the Holder of the
Intended Offering Notice, setting forth the number of Registrable Securities
that the Holder desires to have included in the registration statement and
offered to the public. Upon the request of the Company, the Holder shall enter
into such underwriting, custody and other agreements as shall be customary in
connection with registered secondary offerings or necessary or appropriate in
connection with the proposed offering.

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         (b)      In connection with an underwritten offering, if the managing
underwriter or underwriters advise the Company in writing that in its or their
opinion the number of securities proposed to be registered exceeds the number
that can be sold in such offering, the Company shall include in such
Registration the number of securities that, in the opinion of such managing
underwriter or underwriters, can be sold as follows: (i) first, the securities
that the Company proposes to sell on its own behalf or, if the Registration is
in response to a demand registration right of the Holder pursuant to Section
2(a) hereof, or any other Person pursuant to Section 2(a) of the Parallel
Registration Rights Agreement the Applicable Securities requested to be
registered pursuant to the applicable demand registration request, and (ii)
second, pro rata among the Applicable Securities requested to be included in
such Registration pursuant to the terms of Section 3(a) hereof and Section 3(a)
of the Parallel Registration Rights Agreement (iii) third, if any, securities
held by other shareholders of the Company who have requested that their
securities be included in such Registration Statement.

         (c)      The rights of the Holders pursuant to Section 2 hereof and
this Section 3 are cumulative, and the exercise of rights under one such Section
shall not exclude the subsequent exercise of rights under the other such Section
(except to the extent expressly provided otherwise herein). Subject to Section 2
hereof, the Company may abandon and/or withdraw any registration as to which
rights under Section 3 may exist at any time and for any reason without
liability hereunder. In such event, the Company shall promptly notify each
Person that has delivered a Piggy back Notice to participate therein.

         4.       Registration Procedures.  In connection with a Registration
Statement, the following provisions shall apply:

         (a)      The Holder shall in a timely manner (i) deliver to the Company
and its counsel a duly completed Notice and Questionnaire and (ii) provide the
Company and its counsel with such other information as to itself as may be
required by law for inclusion in the Registration Statement.

         (b)      The Company shall furnish to the Holder, prior to the
Effective Time, a copy of the Registration Statement initially filed with the
Commission, and shall furnish to the Holder copies of each amendment thereto and
each amendment or supplement, if any, to the Prospectus included therein.

         (c)      Subject to Section 2(b) and in respect of a Registration
Statement under Section 2 (and not Section 3), the Company shall promptly take
such action as may be reasonably necessary so that (i) each of the Registration
Statement and any amendment thereto and the Prospectus forming part thereof and
any amendment or supplement thereto (and each report or other document
incorporated therein by reference in each case), when it becomes effective,
complies in all material respects with the Securities Act and the Exchange Act
and the respective rules and regulations thereunder, (ii) each of the
Registration Statement and any amendment thereto does not, when it becomes
effective, contain an untrue statement of a material fact or omit to state a
material fact required to be stated therein or necessary to make the statements
therein not misleading and (iii) each of the Prospectus forming part of the
Registration Statement and any amendment or supplement to such Prospectus, does
not at any time during the period during which the Company is required to keep a
Registration Statement continuously effective

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under Section 2(a) include an untrue statement of a material fact or omit to
state a material fact necessary in order to make the statements therein, in the
light of the circumstances under which they were made, not misleading.

         (d)      The Company shall, promptly upon learning thereof, advise the
Holder, and shall confirm such advice in writing if so requested by the Holder:

                  (i)      when the Registration Statement and any amendment
         thereto has been filed with the Commission and when the Registration
         Statement or any post-effective amendment thereto has become
         effective;

                  (ii)     of any request by the Commission for amendments or
         supplements to the Registration Statement or the Prospectus included
         therein or for additional information;

                  (iii)    of the issuance by the Commission of any stop order
         suspending the effectiveness of the Registration Statement or the
         initiation of any proceedings for such purpose;

                  (iv)     of the receipt by the Company of any notification
         with respect to the suspension of the qualification of the securities
         included in the Registration Statement for sale in any jurisdiction or
         the initiation of any proceeding for such purpose; and

                  (v)      following the effectiveness of any Registration
         Statement, of the happening of any event or the existence of any state
         of facts that requires the making of any changes in the Registration
         Statement or the Prospectus included therein so that, as of such date,
         such Registration Statement and Prospectus do not contain an untrue
         statement of a material fact and do not omit to state a material fact
         required to be stated therein or necessary to make the statements
         therein (in the case of the Prospectus, in light of the circumstances
         under which they were made) not misleading (which advice shall be
         accompanied by an instruction to the Holder to suspend the use of the
         Prospectus until the requisite changes have been made, which
         instruction the Holder agrees to follow).

         (e)      In respect of a Registration Statement under Section 2 (and
not Section 3), the Company agrees to use its reasonable best efforts to
prevent the issuance, and if issued to obtain the withdrawal, of any order
suspending the effectiveness of the Registration Statement at the earliest
possible time.

         (f)      The Company shall furnish to the Holder, without charge, at
least one copy of the Registration Statement and all post-effective amendments
thereto, including financial statements and schedules, and, if the Holder so
requests in writing, all reports, other documents and exhibits that are filed
with or incorporated by reference in the Registration Statement.

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         (g)      The Company shall, during the period during which the Company
is required to keep a Registration Statement continuously effective under
Section 2(a) or elects to keep effective under Section 3(a), deliver to the
Holder, without charge, as many copies of the Prospectus (including each
preliminary Prospectus) included in the Registration Statement and any
amendment or supplement thereto as the Holder may reasonably request; and the
Company consents (except during the continuance of any event described in
Section 2(b) or Section 4(d)(v) hereof) to the use of the Prospectus, with any
amendment or supplement thereto, by the Holder in connection with the offering
and sale of the Applicable Securities covered by the Prospectus and any
amendment or supplement thereto during such period.

         (h)      Prior to any offering of Applicable Securities pursuant to
the Registration Statement, the Company shall (1) use reasonable efforts to
register or qualify or cooperate with the Electing Holders and their respective
counsel in connection with the registration or qualification of such Applicable
Securities for offer and sale under any applicable securities or "blue sky"
laws of such jurisdictions within the United States as any Electing Holder may
reasonably request, (2) use reasonable efforts to keep such registrations or
qualifications in effect and comply with such laws so as to permit the
continuance of offers and sales in such jurisdictions for the period during
which the Company is required to keep a Registration Statement continuously
effective under Section 2(a) or elects to keep effective under Section 3(a) and
(3) take any and all other actions reasonably requested by an Electing Holder
which are necessary or advisable to enable the disposition in such
jurisdictions of such Applicable Securities; provided, however, that nothing
contained in this Section 4(h) shall require the Company to (A) qualify as a
foreign corporation or as a dealer in securities in any jurisdiction where it
would not otherwise be required to qualify but for this Section 4(h) or (B)
take any action which would subject it to general service of process or
taxation in any such jurisdiction if it is not then so subject.

         (i)      The Company shall, if requested by the Electing Holders, use
reasonable best efforts to cause all such Applicable Securities to be sold
pursuant to the Registration Statement to be listed on any securities exchange
on which securities of the Company are listed.

         (j)      The Company shall cooperate with the Electing Holders to
facilitate the timely preparation and delivery of certificates representing
Applicable Securities to be sold pursuant to the Registration Statement, which
certificates shall comply with the requirements of any securities exchange upon
which any securities of the Company are listed, and which certificates shall be
free of any restrictive legends and in such permitted denominations and
registered in such names as the Electing Holders may request in connection with
the sale of Applicable Securities pursuant to the Registration Statement.

         (k)      Subject to Section 2(b) hereof, upon the occurrence of any
fact or event contemplated by Section 4(d)(v) hereof, the Company shall
promptly prepare a post-effective amendment or supplement to the Registration
Statement or the Prospectus, or any document incorporated therein by reference,
or file any other required document so that, as thereafter delivered to
purchasers of the Applicable Securities included therein, the Prospectus will
not include an untrue statement of a material fact or omit to state any
material fact necessary to make the statements therein, in the light of the
circumstances under which they were made, not misleading. In the event that the
Company notifies the Electing Holders of the occurrence of any

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event contemplated by Section 4(d)(v) hereof, the Holder agrees, as a condition
of the inclusion of any of the Holder's Applicable Securities in the
Registration Statement, to suspend the use of the Prospectus until the
requisite changes to the Prospectus have been made.

         (l)      The Company shall enter into such customary agreements
(including an underwriting agreement in customary form in the event of an
underwritten offering) and take all other appropriate action in order to
expedite and facilitate the registration and disposition of the Registrable
Securities, and in connection therewith, if an underwriting agreement is
entered into, cause the same to contain indemnification provisions and
procedures substantially identical to those set forth in Section 6 hereof with
respect to all parties to be indemnified pursuant to Section 6 hereof.

         (m)      The Company shall use best efforts to:

                  (i)      (A) make available for inspection by the Electing
         Holders, any underwriter participating in any disposition pursuant to
         the Registration Statement, and any attorney, accountant or other
         agent retained by such Holders or any such underwriter all relevant
         financial and other records, pertinent corporate documents and
         properties of the Company and its subsidiaries, and (B) cause the
         Company's officers, directors and employees to supply all information
         reasonably requested by such Electing Holders or any such underwriter,
         attorney, accountant or agent in connection with the Registration
         Statement, in each case, as is customary for similar due diligence
         examinations; provided, however, that all records, information and
         documents that are designated in writing by the Company, in good
         faith, as confidential shall be kept confidential by such Electing
         Holders and any such underwriter, attorney, accountant or agent,
         unless such disclosure is made in connection with a court proceeding
         or required by law, or such records, information or documents become
         available to the public generally or through a third party without an
         accompanying obligation of confidentiality; and provided further that,
         if the foregoing inspection and information gathering would otherwise
         disrupt the Company's conduct of it business, such inspection and
         information gathering shall, to the greatest extent possible, be
         coordinated on behalf of the Electing Holders and the other parties
         entitled thereto by one counsel designated by and on behalf of the
         Electing Holders and other parties;

                  (ii)     in connection with any underwritten offering, obtain
         opinions of counsel to the Company (which counsel and opinions (in
         form, scope and substance) shall be reasonably satisfactory to the
         underwriters) addressed to the underwriters, covering such matters
         customarily covered in opinions requested in secondary underwritten
         offerings of equity securities, to the extent reasonably required by
         the applicable underwriting agreement;

                  (iii)    in connection with any underwritten offering, obtain
         "cold comfort" letters and updates thereof from the independent public
         accountants of the Company (and, if necessary, from the independent
         public accountants of any subsidiary of the Company or of any business
         acquired by the Company for which financial statements and financial
         data are, or are required to be, included in the Registration
         Statement), addressed to each Electing Holder participating in such
         underwritten offering (if such Electing Holder has

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         provided such letter, representations or documentation, if any,
         required for such cold comfort letter to be so addressed) and the
         underwriters, in customary form and covering matters of the type
         customarily covered in "cold comfort" letters in connection with
         secondary underwritten offerings of Company securities; and

                  (iv)     in connection with any underwritten offering,
         deliver such documents and certificates as may be reasonably requested
         by any Electing Holders participating in such underwritten offering
         and the underwriters, if any, including, without limitation,
         certificates to evidence compliance with any conditions contained in
         the underwriting agreement or other agreements entered into by the
         Company.

         (n)      In respect of a Registration Statement under Section 2 (and
not Section 3), the Company shall use best efforts to take all other steps
necessary to effect the timely registration, offering and sale of the
Applicable Securities covered by the Registration Statement contemplated
hereby.

         5.       Registration Expenses. The Company shall bear the
Registration Expenses in connection with the performance of its obligations
under Sections 2, 3 and 4 hereof. The Electing Holders shall bear all other
expenses relating to any Registration or sale in which such Electing Holders
participate, including without limitation the fees and expenses of counsel to
such Electing Holders and any applicable underwriting discounts or commissions.

         6.       Indemnification and Contribution. (a) Upon the Registration
of Applicable Securities pursuant to Section 2 or 3 hereof, the Company shall
indemnify and hold harmless the Holder and each underwriter, selling agent or
other securities professional, if any, which facilitates the disposition of
Applicable Securities, and each of their respective officers and directors and
each person who controls the Holder, underwriter, selling agent or other
securities professional within the meaning of Section 15 of the Securities Act
or Section 20 of the Exchange Act (each such person being sometimes referred to
as an "Indemnified Person") against any losses, claims, damages or liabilities,
joint or several, to which such Indemnified Person may become subject under the
Securities Act or otherwise, insofar as such losses, claims, damages or
liabilities (or actions in respect thereof) arise out of or are based upon an
untrue statement or alleged untrue statement of a material fact contained in
any Registration Statement under which such Applicable Securities are to be
registered under the Securities Act, any Prospectus contained therein or
furnished by the Company to any Indemnified Person, or any amendment or
supplement thereto, or arise out of or are based upon the omission or alleged
omission to state therein a material fact required to be stated therein or
necessary to make the statements therein not misleading or otherwise arise out
of or are based upon the Registration Statement, and the Company hereby agrees
to reimburse such Indemnified Person for any legal or other expenses reasonably
incurred by it in connection with investigating or defending any such action or
claim as such expenses are incurred; provided, however, that the Company shall
not be liable to any such Indemnified Person in any such case to the extent
that any such loss, claim, damage or liability arises out of or is based upon
an untrue statement or alleged untrue statement or omission or alleged omission
made in such Registration Statement or Prospectus, or amendment or supplement,
in reliance upon and in conformity with written information furnished to the
Company by such Indemnified Person or its agent expressly for use therein;
provided, further, however, that the Company shall not be liable to the extent
that any loss,

                                      -11-

<PAGE>   12

claim, damage, liability (or action or proceeding in respect thereof) or
expense arises out of or is based upon (i) the use of any Prospectus after such
time as the obligation of the Company to keep the same effective and current
has expired, or (ii) the use of any Prospectus after such time as the Company
has advised the Holder in writing that a post-effective amendment or supplement
thereto is required, except such Prospectus as so amended or supplemented; and
provided, further, however, that the Company shall not be liable to any Person
who participates as an underwriter in the offering or sale of Registrable
Securities or any other Person, if any, who controls such underwriter within
the meaning of the Securities Act, to the extent that any loss, claim, damage,
liability (or action or proceeding in respect thereof) or expense arises out of
the matters described in the first proviso of this sentence or in (i) or (ii)
above or such Person's failure to send or give a copy of the final Prospectus
or supplement to the Persons asserting an untrue statement or alleged untrue
statement or omission or alleged omission at or prior to the written
confirmation of the sale of Registrable Securities to such Person if such
statement or omission was timely corrected in such final Prospectus or
supplement.

         (b)      The Holder agrees, as a consequence of the inclusion of any
of the Holder's Applicable Securities in such Registration Statement, and shall
cause each underwriter, selling agent or other securities professional, if any,
which facilitates the disposition of Applicable Securities to agree, as a
consequence of facilitating such disposition of Applicable Securities,
severally and not jointly, to (i) indemnify and hold harmless the Company, its
directors and officers and each Person, if any, who controls the Company within
the meaning of either Section 15 of the Securities Act or Section 20 of the
Exchange Act, against any losses, claims, damages or liabilities to which the
Company or such other Person may become subject, under the Securities Act or
otherwise, insofar as such losses, claims, damages or liabilities (or actions
in respect thereof) arise out of or are based upon an untrue statement or
alleged untrue statement of a material fact contained in such Registration
Statement or Prospectus, or any amendment or supplement, or arise out of or are
based upon the omission or alleged omission to state therein a material fact
required to be stated therein or necessary to make the statements therein not
misleading, in each case to the extent, but only to the extent, that such
untrue statement or alleged untrue statement or omission or alleged omission
was made in reliance upon and in conformity with written information furnished
to the Company by such Holder, underwriter, selling agent or other securities
professional or its agent expressly for use therein, and (ii) reimburse the
Company for any legal or other expenses reasonably incurred by the Company in
connection with investigating or defending any such action or claim as such
expenses are incurred.

         (c)      Promptly after receipt by any Person entitled to indemnity
(an "Indemnitee") under Section 6(a) or (b) hereof of notice of the
commencement of any action or claim, such Indemnitee shall, if a claim in
respect thereof is to be made against an Indemnitor (an "Indemnitor") under
this Section 6, notify such Indemnitor in writing of the commencement thereof;
but the omission so to notify the Indemnitor shall not relieve it from any
liability which it may have to any Indemnitee except to the extent of any
actual prejudice. In case any such action shall be brought against any
Indemnitee and it shall notify an Indemnitor of the commencement thereof, such
Indemnitor shall be entitled to participate therein and, to the extent that it
shall wish, jointly with any other Indemnitor similarly notified, to assume the
defense thereof, with counsel satisfactory to such Indemnitee, and, after
notice from the Indemnitor to such Indemnitee of its election so to assume the
defense thereof, such Indemnitor shall not be

                                      -12-

<PAGE>   13

liable to such Indemnitee under this Section 6 for any legal expenses of other
counsel or any other expenses, in each case subsequently incurred by such
Indemnitee, in connection with the defense thereof, unless the Indemnitee
identifies issues which would be reasonably likely to create a conflict of
interest between the Indemnitee and the Indemnitor, in which case the
Indemnitee shall be entitled to retain counsel and participate in the defense
of the claim or demand at the expense of the Indemnitor. No Indemnitor shall,
without the written consent of the Indemnitee, effect the settlement or
compromise of, or consent to the entry of any judgment with respect to, any
pending or threatened action or claim in respect of which indemnification or
contribution may be sought hereunder (whether or not the Indemnitee is an
actual or potential party to such action or claim) unless such settlement,
compromise or judgment (i) includes an unconditional release of the Indemnitee
from all liability arising out of such action or claim and (ii) does not
include a statement as to, or an admission of, fault, culpability or a failure
to act, by or on behalf of any Indemnitee.

         (d)      If the indemnification provided for in this Section 6 is
unavailable to or insufficient to hold harmless an Indemnitee under Section
6(a) or (b) hereof in respect of any losses, claims, damages or liabilities (or
actions in respect thereof) referred to therein, then each Indemnitor shall
contribute to the amount paid or payable by such Indemnitee as a result of such
losses, claims, damages or liabilities (or actions in respect thereof) in such
proportion as is appropriate to reflect the relative fault of the Indemnitor
and the Indemnitee in connection with the statements or omissions which
resulted in such losses, claims, damages or liabilities (or actions in respect
thereof), as well as any other relevant equitable considerations. The relative
fault of such Indemnitor and Indemnitee shall be determined by reference to,
among other things, whether the untrue or alleged untrue statement of a
material fact or omission or alleged omission to state a material fact relates
to information supplied by such Indemnitor or by such Indemnitee, and the
parties' relative intent, knowledge, access to information and opportunity to
correct or prevent such statement or omission. The parties hereto agree that it
would not be just and equitable if contribution pursuant to this Section 6(d)
were determined solely by pro rata allocation (even if the Electing Holders or
any underwriters, selling agents or other securities professionals or all of
them were treated as one entity for such purpose) or by any other method of
allocation which does not take account of the equitable considerations referred
to in this Section 6(d). The amount paid or payable by an Indemnitee as a
result of the losses, claims, damages or liabilities (or actions in respect
thereof) referred to above shall be deemed to include any legal or other fees
or expenses reasonably incurred by such Indemnitee in connection with
investigating or defending any such action or claim. No person guilty of
fraudulent misrepresentation (within the meaning of Section 11(f) of the
Securities Act) shall be entitled to contribution from any person who was not
guilty of such fraudulent misrepresentation. The obligations of the Electing
Holders and any underwriters, selling agents or other securities professionals
in this Section 6(d) to contribute shall be several in proportion to the
percentage of principal amount of Applicable Securities registered or
underwritten, as the case may be, by them and not joint.

         (e)      Notwithstanding any other provision of this Section 6, in no
event will (i) the Holder be required to undertake liability to any Person
under this Section 6 for any amounts in excess of the dollar amount of the
proceeds to be received by such Holder from the sale of such Holder's
Applicable Securities (after deducting any fees, discounts and commissions
applicable thereto) pursuant to any Registration Statement under which such
Applicable Securities are to be

                                      -13-

<PAGE>   14

registered under the Securities Act and (ii) any Underwriter, selling agent or
other securities professional be required to undertake liability to any Person
hereunder for any amounts in excess of the discount, commission or other
compensation payable to such Underwriter, selling agent or other securities
professional with respect to the Applicable Securities underwritten by it and
distributed to the public. The obligation of the Company under this Section 6
shall be in addition to any liability which the Company may otherwise have to
any Indemnitee and the obligations of any Indemnified Person under this Section
6 shall be in addition to any liability which such Indemnified Person may
otherwise have to the Company. The remedies provided in this Section are not
exclusive and shall not limit any rights or remedies that may otherwise be
available to an Indemnitee at law or in equity.

         7.       Effectiveness; Termination.  (a)  This Agreement shall become
effective immediately upon the occurrence of the Closing.

         (b)      This Agreement shall terminate in the event that the
Financing Agreement is terminated prior to the Closing in accordance with its
terms.

         (c)      In the event of the termination of this Agreement in
accordance with Section 7(b) hereof, this Agreement shall thereafter become
void and have no effect, and no party hereto shall have any liability to the
other parties hereto or their respective Affiliates, directors, officers or
employees.

         8.       Miscellaneous. (a) This Agreement, including this Section
8(a), may be amended, and waivers or consents to departures from the provisions
hereof may be given, only by a written instrument duly executed, in the case of
an amendment, by the Company and the Holder, or in the case of a waiver or
consent, by the party against whom the waiver or consent, as the case may be,
is to be effective. The Holder at the time of any such amendment, waiver or
consent or thereafter shall be bound by any amendment, waiver or consent
effected pursuant to this Section 8(a), whether or not any notice, writing or
marking indicating such amendment, waiver or consent appears on the Registrable
Securities.

         (b)      All notices, requests and other communications to any party
hereunder shall be in writing (including facsimile transmission) and shall be
given as follows:

                                    if to the Company, to:

                                    c/o Spacenet Inc.
                                    1760 Old Meadow Road
                                    McLean, Virginia  22102
                                    Attention:  Zur Feldman
                                    Fax:  (703) 848-1010

                                    if to the Holder, to:

                                    Israel Discount Bank Ltd.
                                    27-31 Yehuda Halevi Street
                                    Tel Aviv

                                      -14-

<PAGE>   15

                                    Attention: Mr. Joseph Marx / Carol Shaked
                                    Fax: 03-5146364

                                    with a copy to:

                                    Schulte Roth & Zabel LLP
                                    900 Third Avenue
                                    New York, New York  10022
                                    Attention:  Frederic L. Ragucci, Esq.
                                    Fax:  (212) 593-5955

         (c)      The parties to this Agreement intend that the Holder shall be
entitled to receive the benefits of and shall be bound by the terms and
provisions of this Agreement. The terms and provisions of this Agreement shall
not be assignable or transferable and there shall be no third-party
beneficiaries hereto, except that the rights under this Agreement may be
assigned in whole or in part by the Holder to any transferee of (i) the
Warrant, (ii) rights under the Debt Conversion Letter, or (iii) Preferred
Stock. All the terms and provisions of this Agreement shall be binding upon,
shall inure to the benefit of and shall be enforceable by the respective legal
successors and permitted assigns of the parties hereto and any Holder.

         (d)      This Agreement may be executed in any number of counterparts
and by the parties hereto in separate counterparts, each of which when so
executed shall be deemed to be an original and all of which taken together
shall constitute one and the same agreement.

         (e)      The headings in this Agreement are for convenience of
reference only and shall not limit or otherwise affect the meaning hereof.

         (f)      THIS AGREEMENT SHALL BE GOVERNED BY AND CONSTRUED IN
ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK, WITHOUT REGARD TO PRINCIPLES
OF CONFLICTS OF LAWS.

         (g)      The provisions of this Agreement shall be deemed severable
and the invalidity or unenforceablity of any provision shall not affect the
validity or enforceability of the other provisions hereof. If any provisions of
this Agreement, or the application thereof to any Person or entity or any
circumstance, is invalid or unenforceable, (i) a suitable and equitable
provision shall be substituted therefor in order to carry out, so far as may be
valid and enforceable the intent of such provision and (ii) the remainder of
this Agreement and the application of such provision to other Persons, entities
or circumstances shall not be affected by such invalidity or unenforceability,
nor shall such invalidity or unenforceablity affect the validity or
enforceability of such provision, or the application thereof, in any other
jurisdiction.

         (h)      The respective indemnities, agreements, representations,
warranties and other provisions set forth in this Agreement or made pursuant
hereto shall remain in full force and effect, regardless of any investigation
(or any statement as to the results thereof) made by or on behalf of the
Holder, any director, officer or partner of the Holder, any agent or
underwriter, any director, officer or partner of such agent or underwriter, or
any controlling person of any of the

                                      -15-

<PAGE>   16

foregoing, and shall survive the transfer and registration of the Applicable
Securities of such Holder .

         (i)      The Holder shall cooperate with respect to any Registration
effected under this Agreement and shall provide such information, documents,
and instruments as may be reasonably requested in connection therewith.

         (j)      Within thirty (30) days of the date hereof the Company shall
have received consent to the Company's execution, delivery and performance of
this Agreement from each of the parties to the Parallel Registration Rights
Agreement, in which consent such parties shall agree that, to the extent that
this Agreement conflicts with the Parallel Registration Rights Agreement, the
terms of this Agreement shall govern until all of the Holder's Registrable
Securities have been registered pursuant to an effective Registration
Statement. The failure of the Company to obtain such consent within 30 days
shall constitute an "Event of Default" under the Financing Agreement (as such
term is defined therein)

                                      -16-

<PAGE>   17

                  IN WITNESS WHEREOF, the parties hereto have caused this
Agreement to be executed by their respective authorized officers as of the day
and year first above written.

                                    ISRAEL DISCOUNT BANK LTD.

                                    By:   /s/ ALFRED J. FRANCO
                                          ---------------------------------
                                          Name:  Alfred J. Franco
                                          Title: VP

                                    By:   /s/ STEPHEN R. SHAPIRO
                                          ---------------------------------
                                          Name: Stephen R. Shapiro
                                          Title:

                                    GILAT-TO-HOME INC.

                                    By:   /s/ YOEL GAT
                                          ---------------------------------
                                          Name:
                                          Title:

                                      -17-

<PAGE>   18

                                                                      Exhibit A

                                [Name of Issuer]

                        Notice of Registration Statement
                                      and
                      Selling Securityholder Questionnaire

                                     [Date]

                  Reference is hereby made to the Registration Rights
Agreement, dated as of August 7, 2000 (the "Registration Rights Agreement") by
and among Gilat-To-Home Inc. (the "Company"), and Israel Discount Bank Ltd. The
Company [has filed] with the United States Securities and Exchange Commission
(the "Commission") a registration statement on Form _______ (the "Registration
Statement") for the registration and resale under the Securities Act of 1933,
as amended (the "Securities Act"), of the Company's [Title of Securities] (the
"Securities"). All capitalized terms not otherwise defined herein shall have
the meanings ascribed thereto in the Registration Rights Agreement.

                  Each Holder of Registrable Securities is entitled to have the
Registrable Securities owned by it included in the Registration Statement. In
order to have Registrable Securities included in the Registration Statement,
this Notice of Registration Statement and Selling Securityholder Questionnaire
("Notice and Questionnaire") must be completed, executed and delivered to the
Company's legal counsel at the address set forth herein. Holders of Registrable
Securities who do not complete, execute and return this Notice and
Questionnaire (i) will not be named as selling securityholders in the
Registration Statement and (ii) may not use the Prospectus forming a part
thereof for resales of Registrable Securities.

                  Certain legal consequences arise from being named as a
selling securityholder in the Registration Statement and related Prospectus.
Accordingly, Holders of Registrable Securities are advised to consult their own
securities law counsel regarding the consequences of being named or not being
named as a selling securityholder in the Registration Statement and related
Prospectus.

<PAGE>   19

                                    ELECTION

                  The undersigned Holder (the "Electing Holder") of Registrable
Securities hereby elects to request the inclusion in the Registration Statement
of the Registrable Securities beneficially owned by it and listed below in Item
(3). The undersigned, by signing and returning this Notice and Questionnaire,
agrees to be bound with respect to such Registrable Securities by the terms and
conditions of this Notice and Questionnaire and, if not a party thereto, the
Registration Rights Agreement, including, without limitation, Section 6 of the
Registration Rights Agreement, as if the undersigned Electing Holder were an
original party thereto.

                  The Electing Holder hereby provides the following information
to the Company and represents and warrants that such information is accurate
and complete:

                                      -2-

<PAGE>   20

                                 QUESTIONNAIRE

(1)      (a)      Full Legal Name of Electing Holder:

         (b)      Full Legal Name of Registered Holder (if not the same as in
                  (a) above) of Registrable Securities Listed in (3) below:

(2)      Address for Notices to Electing Holder:

Telephone:

Fax:

Contact Person:

(3)      Except as set forth below in this Item (3), the undersigned does not
         beneficially own any Securities.

         (a)      Principal amount or number of Securities beneficially owned:

         (b)      Principal amount or number of Registrable Securities which
                  the undersigned wishes to be included in the Registration
                  Statement: _____________

(4)      Beneficial Ownership of Other Securities of the Company:

         Except as set forth below in this Item (4), the undersigned Electing
         Holder is not the beneficial or registered owner of any shares of or
         any other securities of the Company, other than Securities listed
         above in Item (3).

         State any exceptions here:

(5)      Relationships with the Company:

         Except as set forth below, neither the Electing Holder nor any of its
         affiliates, officers, directors or principal equity holders (5% or
         more) has held any position or office or has

                                      -3-

<PAGE>   21

         had any other material relationship with the Company (or its
         predecessors or affiliates) during the past three years.

         State any exceptions here:

(6)      Plan of Distribution:

         Except as set forth below, the undersigned Electing Holder intends to
         distribute the Registrable Securities listed above in Item (3) only as
         follows (if at all): Such Registrable Securities may be sold from time
         to time directly by the undersigned Electing Holder or, alternatively,
         through underwriters, broker-dealers or agents. Such Registrable
         Securities may be sold in one or more transactions at fixed prices, at
         prevailing market prices at the time of sale, at varying prices
         determined at the time of sale, or at negotiated prices. Such sales
         may be effected in transactions (which may involve crosses or block
         transactions) (i) on any national securities exchange or quotation
         service on which the Registered Securities may be listed or quoted at
         the time of sale, (ii) in the over-the-counter market, (iii) in
         transactions otherwise than on such exchanges or services or in the
         over-the-counter market, or (iv) through the writing of options. In
         connection with sales of the Registrable Securities or otherwise, the
         Electing Holder may enter into hedging transactions with
         broker-dealers, which may in turn engage in short sales of the
         Registrable Securities in the course of hedging the positions they
         assume. The Electing Holder may also sell Registrable Securities short
         and deliver Registrable Securities to close out such short positions,
         or loan or pledge Registrable Securities to broker-dealers that in
         turn may sell such securities.

         State any exceptions here:

         By signing below, the Electing Holder acknowledges that it understands
its obligation to comply, and agrees that it will comply, with the provisions
of the Exchange Act and the rules and regulations thereunder, particularly
Regulation M.

         In the event that the Electing Holder transfers all or any portion of
the Registrable Securities listed in Item (3) above after the date on which
such information is provided to the Company, the Electing Holder agrees to
notify the transferee(s) at the time of the transfer of its rights and
obligations under this Notice and Questionnaire and the Registration Rights
Agreement.

         By signing below, the Electing Holder consents to the disclosure of
the information contained herein in its answers to Items (1) through (6) above
and the inclusion of such information in the Registration Statement and related
Prospectus. The Electing Holder understands that such information will be
relied upon by the Company in connection with the preparation of the
Registration Statement and related Prospectus.

                                      -4-

<PAGE>   22

         In accordance with the Electing Holder's obligation under Section 4(a)
of the Registration Rights Agreement to provide such information as may be
required by law for inclusion in the Registration Statement, the Electing
Holder agrees to promptly notify the Company of any inaccuracies or changes in
the information provided herein which may occur subsequent to the date hereof
at any time while the Registration Statement remains in effect. All notices
hereunder and pursuant to the Registration Rights Agreement shall be made in
writing, by hand-delivery, first-class mail, or air courier guaranteeing
overnight delivery as follows:

                  (i)      To the Company:

                  (ii)     With a copy to the Company's legal counsel:

         Once this Notice and Questionnaire is executed by the Electing Holder
and received by the Company's legal counsel, the terms of this Notice and
Questionnaire, and the representations and warranties contained herein, shall
be binding on, shall inure to the benefit of and shall be enforceable by the
respective successors, heirs, personal representatives, and assigns of the
Company and the Electing Holder (with respect to the Registrable Securities
beneficially owned by such Electing Holder and listed in Item (3) above. THIS
AGREEMENT SHALL BE GOVERNED IN ALL RESPECTS BY THE LAWS OF THE STATE OF NEW
YORK, WITHOUT REGARD TO PRINCIPLES OF CONFLICTS OF LAWS.

                                      -5-

<PAGE>   23

         IN WITNESS WHEREOF, the undersigned, by authority duly given, has
caused this Notice and Questionnaire to be executed and delivered either in
person or by its duly authorized agent.

Dated:
      ----------------------------------

                                  [Electing Holder]

                                  By:
                                     ------------------------------------------
                                       Name:
                                       Title:

PLEASE RETURN THE COMPLETED AND EXECUTED NOTICE AND QUESTIONNAIRE FOR RECEIPT
ON OR BEFORE [DEADLINE FOR RESPONSE] TO THE COMPANY'S LEGAL COUNSEL AT:

                                      -6-<PAGE>   1
                                                                  EXHIBIT 4.19

THIS WARRANT AND ANY SECURITIES TO BE ISSUED UPON EXERCISE OF THIS WARRANT HAVE
NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED, OR THE
SECURITIES LAW OF ANY STATE AND MAY NOT BE OFFERED, SOLD, TRANSFERRED OR
OTHERWISE DISPOSED OF EXCEPT PURSUANT TO AN EFFECTIVE REGISTRATION STATEMENT
UNDER SUCH ACT AND APPLICABLE STATE SECURITIES LAWS OR PURSUANT TO AN
APPLICABLE EXEMPTION FROM THE REGISTRATION REQUIREMENTS OF SUCH ACT AND SUCH
LAWS. THIS WARRANT AND SUCH SECURITIES MAY NOT BE SOLD, TRANSFERRED OR
OTHERWISE DISPOSED OF EXCEPT IN COMPLIANCE WITH THE CONDITIONS SPECIFIED IN
THIS WARRANT.

                               GILAT-TO-HOME INC.

             SERIES C CONVERTIBLE PREFERRED STOCK PURCHASE WARRANT

                                 AUGUST 7, 2000

                          VOID AFTER AUGUST 7, 2005

                                                            Warrant to Purchase
                                 Shares of Series C Convertible Preferred Stock

                  GILAT-TO-HOME INC., a Delaware corporation (the "Company"),
for value received, hereby certifies that ISRAEL DISCOUNT BANK LTD., or
registered assigns (the "Holder"), is entitled to purchase from the Company
shares of Series C Convertible Preferred Stock, par value $0.05 per share, of
the Company (the "Series C Shares"), in an amount equal to the Warrant Quantity
at the Exercise Price per Share at any time or from time to time after the
Initial Measurement Date but prior to 5:00 P.M., New York City time, on the
earlier of (i) the twentieth Business Day after the Obligation Satisfaction
Date or (ii) August 7, 2005 (subject to Section 20 hereof, the "Expiration
Date"), all subject to the terms, conditions and adjustments set forth below in
this Warrant.

                  1.       Definitions.  As used herein, unless the context
otherwise requires, the following terms shall have the meanings indicated:

                  "Acquiring Person" shall mean, with reference to the
transactions referred to in clauses (a) through (d) of Section 3.1, the
continuing or surviving corporation of a consolidation or merger with the
Company (if other than the Company), the transferee of substantially all of the
properties of the Company, the corporation consolidating with or merging into
the Company in a consolidation or merger in connection with which the Common
Stock is changed into or exchanged for stock or other securities of any other
Person or cash or any other property, or, in the case of a capital
reorganization or reclassification, the Company.

                  "Acquisition Price" shall mean, as applied to the Common
Stock, (a) the Market Price on the date immediately preceding the date on which
any transaction to which Section 3 applies is consummated, or (b) if a
purchase, tender or exchange offer is made by the Acquiring

<PAGE>   2
Person (or by any of its affiliates) to the holders of the Common Stock and
such offer is accepted by the holders of more than 50% of the outstanding
shares of Common Stock, the greater of (i) the price determined in accordance
with the provisions of the foregoing clause (a) of this sentence and (ii) the
Market Price on the date immediately preceding the acceptance of such offer by
the holders of more than 50% of the outstanding shares of Common Stock.

                  "Amended and Restated Stockholders Agreement" dated and
effective as of April 11, 2000, by and among the Company, Spacenet Inc., a
Delaware corporation, Microsoft G-Holdings, a Nevada corporation, EchoStar
Communications Corporation, a Nevada corporation, Furman Selz Investors II,
L.P., FS Employee Investors LLC and FS Parallel Fund L.P., as amended.

                  "Business Day" shall mean any day other than a Saturday or a
Sunday or a day on which commercial banking institutions in the City of New
York are authorized by law to be closed. Any reference to "days" (unless
Business Days are specified) shall mean calendar days.

                  "Capital Stock" means any and all shares, interests,
participations, warrants, options or other equivalents (however designated) of
capital stock of a corporation or any and all equivalent ownership interests in
a Person (other than a corporation).

                  "Commission" shall mean the Securities and Exchange
Commission or any successor agency having jurisdiction to enforce the
Securities Act.

                  "Common Stock" shall mean the common stock, par value $0.05
per share, of the Company, such term to include any stock into which such
Common Stock shall have been changed or any stock resulting from any
reclassification of such Common Stock, and all other stock of any class or
classes (however designated) of the Company the holders of which have the
right, without limitation as to amount, either to all or to a share of the
balance of current dividends and liquidating dividends after the payment of
dividends and distributions on any shares entitled to preference.

                  "Company" shall have the meaning assigned to it in the
introduction to this Warrant, such term to include any corporation or other
entity which shall succeed to or assume the obligations of the Company
hereunder in compliance with Section 4.

                  "Current Market Price" shall mean, on any date specified
herein, the average of the daily Market Price during the 10 consecutive trading
days commencing 15 trading days before such date, except that, if on any such
date the shares of Common Stock are not listed or admitted for trading on any
national securities exchange or quoted in the over-the-counter market, the
Current Market Price shall be the Market Price on such date.

                  "Exchange Act" shall mean the Securities Exchange Act of
1934, as amended from time to time, and the rules and regulations thereunder,
or any successor statute.

                  "Exercise Date" shall have the meaning set forth in Section
2.1(a) of this Warrant.

                  "Expiration Date" shall have the meaning assigned to it in
the introduction to this Warrant.

                                      -2-

<PAGE>   3

                  "Exercise Price Per Share" shall mean an amount equal to
$350,000,000 divided by the total number of outstanding shares of Capital Stock
of the Company (and/or Other Securities), on a fully diluted basis, on each
Exercise Date.

                  "Financing Agreement" shall mean the Financing Agreement,
dated as of June 26, 2000, by and among the Company, the financial institutions
from time to time a party thereto, and the Holder, as agent for the financial
institutions party thereto, as amended, supplemented or otherwise modified from
time to time.

                  "Holder" shall have the meaning assigned to it in the
introduction to this Warrant.

                  "IDB Registration Rights Agreement" shall mean the
Registration Rights Agreement dated as of August 7, 2000, between the Company
and Israel Discount Bank Ltd.

                  "Initial Measurement Date" shall mean the earlier of (i) the
date of the Company's Initial Public Offering or (ii) August 7, 2002.

                  "Initial Public Offering" means the underwritten sale of
shares of Common Stock registered for sale under the Securities Act pursuant to
an effective registration statement at an aggregate sales price equal to at
least $40 million, immediately following which sale the Company will be
required to file periodic reports pursuant to Sections 13 and 15 of the
Exchange Act.

                  "Investor Agreements" has the meaning assigned to such term
in Section 10(b) of this Warrant.

                  "Market Price" shall mean, on any date specified herein, the
amount per share of the Common Stock, equal to (i) the last reported sale price
of such Common Stock, regular way, on such date or, in case no such sale takes
place on such date, the average of the closing bid and asked prices thereof
regular way on such date, in either case as officially reported on the
principal national securities exchange on which such Common Stock is then
listed or admitted for trading, (ii) if such Common Stock is not then listed or
admitted for trading on any national securities exchange but is designated as a
national market system security by the NASD, the last reported trading price of
the Common Stock on such date, (iii) if there shall have been no trading on
such date or if the Common Stock is not so designated, the average of the
closing bid and asked prices of the Common Stock on such date as shown by the
NASD automated quotation system, or (iv) if such Common Stock is not then
listed or admitted for trading on any national exchange or quoted in the
over-the-counter market, the fair value thereof (as of a date which is within
20 days of the date as of which the determination is to be made) determined in
good faith by the Board of Directors of the Company.

                  "Market Value" shall mean, with respect to a share of common
stock (or equivalent equity interests) of the Acquiring Person or its Parent on
any date specified herein, (a) the average of the last sale prices, regular
way, on the 20 consecutive trading days immediately preceding such date or, if
there shall have been no sale on any such day, the average of the closing bid
and asked prices on such date, in each case as officially reported on the
principal national securities exchange on which such common stock is at the
time listed or admitted to trading, (b) if such common stock is not then listed
or admitted to trading on any

                                      -3-

<PAGE>   4

national securities exchange, but is designated as a national market system
security by the NASD, the last trading price of the common stock on such date,
or if there shall have been no trading on such date or if the common stock is
not so designated, the average of the reported closing bid and asked prices on
such 20 days as shown by the NASD automated quotation system, or (c) if such
common stock is not then listed or admitted for trading on any national
exchange or quoted in the over-the-counter market, the fair value thereof (as
of a date which is within 20 days of the date as of which the determination is
to be made) determined by an investment banking firm chosen by the Company and
acceptable to the Holder and hired at the Company's expense for the purpose of
determining the Market Value.

                  "NASD" shall mean the National Association of Securities
Dealers, Inc.

                  "Note" shall mean the term note, dated August 7, 2000, of the
Company originally issued to the Holder in the aggregate principal amount of
$30 million pursuant to the Financing Agreement, such term also to include any
notes issued in substitution for such Note.

                  "Obligations" shall have the meaning given to such term in
the Financing Agreement.

                  "Obligation Satisfaction Date" shall mean the date, following
a Qualified Offering, on which the Company's Obligations are satisfied.

                  "Other Securities" shall mean any Capital Stock (other than
Series C Shares) and other securities of the Company or any other Person
(corporate or otherwise) which the holders of the Warrants at any time shall be
entitled to receive, or shall have received, upon the exercise of the Warrants,
in lieu of or in addition to Series C Shares, or which at any time shall be
issuable or shall have been issued in exchange for or in replacement of Series
C Shares or Other Securities pursuant to Section 3 or otherwise.

                  "Parent" shall mean, as to any Acquiring Person, any
corporation which (a) controls the Acquiring Person directly or indirectly
through one or more intermediaries, (b) is required to include the Acquiring
Person in the consolidated financial statements contained in such Parent's
Annual Report on Form 10-K and (c) is not itself included in the consolidated
financial statements of any other person (other than its consolidated
subsidiaries).

                  "Person" shall mean any individual, firm, partnership,
corporation, trust, joint venture, association, joint stock company, limited
liability company, unincorporated organization or any other entity or
organization, including a government or agency or political subdivision
thereof, and shall include any successor (by merger or otherwise) of such
entity.

                  "Purchase Price" shall have the meaning assigned to it in
Section 2.1(a) of this Warrant.

                  "Qualified Offering" shall mean an offering of shares of
Common Stock (including an Initial Public Offering if it would otherwise
qualify as a Qualified Offering) for sale under the Securities Act pursuant to
an effective registration statement, immediately following which sale the
Company shall have satisfied all of its Obligations under the Financing
Agreement.

                                      -4-

<PAGE>   5

                  "Registration Rights Agreement" shall mean the Registration
Rights Agreement dated as of February 15, 2000, by and among Microsoft
G-Holdings, Inc., a Nevada corporation ("G-Holdings"), the Company, and
Spacenet Inc, a Delaware corporation ("Spacenet"), as amended and joined
pursuant to the Amendment and Joinder to Registration Rights Agreement, dated
as of April 11, 2000, by and among EchoStar Communications Corporation, a
Nevada corporation, Furman Selz Investors II, L.P., FS Employee Investors LLC,
FS Parallel Fund L.P., Microsoft G-Holdings, the Company and Spacenet.

                  "Securities Act" shall mean the Securities Act of 1933, as
amended from time to time, and the rules and regulations thereunder, or any
successor statute.

                  "Series C Shares" has the meaning assigned to such term in
the introductory paragraph of this Warrant.

                  "Transfer Agent" has the meaning assigned to it in Section 7.

                  "Warrant" shall mean this Series C Convertible Preferred
Stock Purchase Warrant.

                  "Warrant Quantity" means, (i) if the Initial Measurement Date
occurs prior to August 7, 2002, the number of Series C Shares such that,
assuming conversion of such Series C Shares on the Exercise Date, the number of
shares of Common Stock (or Other Securities) into which such Series C Shares
are convertible is equal to 0.40% of the fully diluted outstanding Common Stock
(and/or Other Securities) of the Company on the applicable Exercise Date; or
(ii) if the Initial Measurement Date is August 7, 2002, the number of Series C
Shares such that, assuming conversion of such Series C Shares on the Exercise
Date, the number of shares of Common Stock (or Other Securities) into which
such Series C Shares are convertible is equal to 0.45% of the fully diluted
outstanding Common Stock (and/or Other Securities) of the Company on the
applicable Exercise Date.

                  2.       Exercise of Warrant.

                  2.1.     Manner of Exercise; Payment of the Purchase Price.
(a) This Warrant may be exercised by the Holder hereof, in whole or in part, at
any time or from time to time on any Business Day on or after the Initial
Measurement Date but prior to the Expiration Date (with each date of exercise
being referred to herein as an "Exercise Date"), by surrendering to the Company
at its principal office this Warrant, with the form of Election to Purchase
Shares attached hereto as Exhibit A (or a reasonable facsimile thereof) duly
executed by the Holder and accompanied by payment in the amount equal to the
product of the aggregate Exercise Price Per Share multiplied by the number of
Series C Shares specified in such form (the "Purchase Price").

                  (b)      Payment of the Purchase Price may be made as follows
(or by any combination of the following): (i) in United States currency by cash
or delivery of a certified check or bank draft payable to the order of the
Company or by wire transfer to the Company, (ii) by cancellation of all or any
part of the unpaid principal amount of Notes held by the Holder in an amount
equal to the Purchase Price, (iii) by cancellation of such number of Series C
Shares

                                      -5-

<PAGE>   6

otherwise issuable to the Holder upon such exercise as shall be specified in
such Election to Purchase Shares, such that the excess of the aggregate Current
Market Price of the number of shares of Common Stock into which such Series C
Shares are convertible on the Exercise Date over the portion of the Purchase
Price attributable to such shares shall equal the Purchase Price attributable
to the Series C Shares to be issued upon such exercise, in which case such
amount shall be deemed to have been paid to the Company and the number of
Series C Shares issuable upon such exercise shall be reduced by such specified
number, or (iv) by surrender to the Company for cancellation certificates
representing shares of Common Stock of the Company owned by the Holder
(properly endorsed for transfer in blank) having a Current Market Price on the
Exercise Date equal to the Purchase Price.

                  2.2.     When Exercise Effective. Each exercise of this
Warrant shall be deemed to have been effected immediately prior to the close of
business on the Exercise Date and at such time the Person or Persons in whose
name or names any certificate or certificates for Series C Shares (or Other
Securities) shall be issuable upon such exercise as provided in Section 2.3
shall be deemed to have become the holder or holders of record thereof for all
purposes.

                  2.3.     Delivery of Stock Certificates, etc.; Charges, Taxes
and Expenses.  (a) As soon as practicable after each exercise of this Warrant,
in whole or in part, and in any event within five Business Days thereafter, the
Company shall cause to be issued in the name of and delivered to the Holder as
the Holder may direct,

                  (i)      a certificate or certificates for the number of
         Series C Shares (or Other Securities) to which the Holder shall be
         entitled upon such exercise plus, in lieu of issuance of any
         fractional share to which the Holder would otherwise be entitled, if
         any, a check for the amount of cash equal to the same fraction
         multiplied by the Current Market Price on the Exercise Date per shares
         of Common Stock into which such Series C Shares are convertible (or,
         in lieu of payment of cash for fractional shares, the Company may
         round up the number of Series C Shares issued to the Holder to the
         nearest whole share), and

                  (ii)     in case such exercise is for less than all of the
         Warrant Quantity purchasable under this Warrant, a new Warrant or
         Warrants of like tenor, for the balance of the Warrant Quantity
         purchasable hereunder.

                  (b)      Issuance of certificates for Series C Shares upon
the exercise of this Warrant shall be made without charge to the Holder hereof
for any issue or transfer tax or other incidental expense, in respect of the
issuance of such certificates, all of which such taxes and expenses shall be
paid by the Company.

                  2.4.     Company to Reaffirm Obligations. The Company shall,
at the time of each exercise of this Warrant, upon the request of the Holder
hereof, acknowledge in writing its continuing obligation to afford to such
Holder all rights to which such Holder shall continue to be entitled after such
exercise in accordance with the terms of this Warrant, provided that if the
Holder of this Warrant shall fail to

                                      -6-

<PAGE>   7

make any such request, such failure shall not affect the continuing obligation
of the Company to afford such rights to the Holder.

                  3.       CONSOLIDATION, MERGER, ETC.

                  3.1.     Adjustments for Consolidation, Merger, Sale of
Assets, Reorganization, etc. In case the Company after the date hereof (a)
shall consolidate with or merge into any other Person and shall not be the
continuing or surviving corporation of such consolidation or merger, (b) shall
permit any other Person to consolidate with or merge into the Company and the
Company shall be the continuing or surviving Person but, in connection with
such consolidation or merger, the Series C Shares, Common Stock or Other
Securities shall be changed into or exchanged for stock or other securities of
any other Person or cash or any other property, (c) shall transfer all or
substantially all of its properties or assets to any other Person, or (d) shall
effect a capital reorganization or reclassification of the Series C Shares,
Common Stock or Other Securities, then proper provision shall be made so that,
upon the basis and the terms and in the manner provided in this Warrant, the
Holder of this Warrant, upon the exercise hereof at any time after the
consummation of such transaction, shall be entitled to receive (at the
aggregate Exercise Price Per Share that would have been in effect at the time
of such consummation for all Series C Shares or Other Securities issuable upon
exercise immediately prior to such consummation), in lieu of the Series C
Shares or Other Securities issuable upon such exercise prior to such
consummation, either of the following as shall be elected by the Holder (such
election to be made within one year after the date of the consummation of such
transaction by written notice to the Acquiring Person or its Parent, as the
case may be, and, in the absence of such notice, the provisions of clause (ii)
below shall be deemed to have been elected by the Holder):

                  (i)      the highest amount of securities, cash and property
         to which the Holder actually would have been entitled as a shareholder
         upon such consummation if the Holder had exercised this Warrant
         immediately prior thereto, subject to adjustments (subsequent to such
         corporate action) as nearly equivalent as possible to the adjustments
         provided for in Section 4, or

                  (ii)     the number of shares of common stock of the
         Acquiring Person or its Parent, whichever meets the requirements set
         forth below, determined by dividing (a) the amount equal to the
         product obtained by multiplying (1) the number of shares of Common
         Stock (or Other Securities) to which the Holder of this Warrant would
         have been entitled had the Holder exercised this Warrant (and the
         conversion rights attributable to the Series C Shares issued upon
         exercise) immediately prior to such consummation, times (2) the
         greater of the Acquisition Price and the Purchase Price in effect on
         the date immediately preceding the date of such consummation, by (b)
         the Market Value per share of the common stock of the Acquiring Person
         or its Parent, as the case may be, on the date immediately preceding
         the date of such consummation;

                                      -7-

<PAGE>   8

If the Holder of this Warrant shall elect (or shall be deemed to elect) to
receive common stock pursuant to clause (ii) above, such Holder shall be
entitled to receive, upon the basis stated in such clause (ii), only the common
stock of the Acquiring Person.

                  3.2.     Assumption of Obligations. Notwithstanding anything
contained in this Warrant or in the Financing Agreement to the contrary, the
Company shall not effect any of the transactions described in clauses (a)
through (d) of Section 3.1 unless, prior to the consummation thereof, each
Person (other than the Company) which may be required to deliver any stock,
securities, cash or property upon the exercise of this Warrant as provided
herein shall assume, by written instrument delivered to, and reasonably
satisfactory to, the Holder of this Warrant, (a) the obligations of the Company
under this Warrant (and if the Company shall survive the consummation of such
transaction, such assumption shall be in addition to, and shall not release the
Company from, any continuing obligations of the Company under this Warrant),
and (b) the obligation to deliver to the Holder such shares of stock,
securities, cash or property as, in accordance with the foregoing provisions of
this Section 3, the Holder may be entitled to receive. Nothing in this Section
3 shall be deemed to authorize the Company to enter into any transaction not
otherwise permitted by the Financing Agreement.

                  4.       OTHER DILUTIVE EVENTS. In case any event shall occur
as to which the provisions of Section 3 are not strictly applicable or if
strictly applicable would not fairly protect the purchase rights of the Holder
in accordance with the essential intent and principles of such Sections, then,
in each such case, the Board of Directors of the Company shall make an
adjustment in the application of such provisions, in accordance with such
essential intent and principles, so as to preserve, without dilution, the
purchase rights represented by this Warrant.

                  5.       NO DILUTION OR IMPAIRMENT. The Company shall not, by
amendment of its certificate of incorporation or through any consolidation,
merger, reorganization, transfer of assets, dissolution, issue or sale of
securities or any other voluntary action, avoid or seek to avoid the observance
or performance of any of the terms of this Warrant, but will at all times in
good faith assist in the carrying out of all such terms and in the taking of
all such action as may be necessary or appropriate in order to protect the
rights of the Holder of this Warrant against dilution or other impairment.
Without limiting the generality of the foregoing, the Company (a) shall not
permit the par value of any shares of stock receivable upon the exercise of
this Warrant to exceed the amount payable therefor upon such exercise, and (b)
shall take all such action as may be necessary or appropriate in order that the
Company may validly and legally issue fully paid and nonassessable Series C
Shares (or Other Securities, if applicable), free from all taxes, liens,
security interests, encumbrances, preemptive rights and charges on the exercise
of the Warrant.

                  6.       NOTICES OF CORPORATE ACTION. In the event of: (a)
any taking by the Company of a record of the holders of any class of securities
for the purpose of determining the holders thereof who are entitled to receive
any dividend (other than a regularly scheduled cash dividend payable out of
consolidated earnings or earned surplus, determined in accordance with
generally accepted

                                      -8-

<PAGE>   9

accounting principles, in an amount not exceeding the amount of the immediately
preceding cash dividend for such period) or other distribution, or any right to
subscribe for, purchase or otherwise acquire any shares of stock of any class
or any other securities or property, or to receive any other right, or (b) any
capital reorganization of the Company, any reclassification or recapitalization
of the capital stock of the Company, any consolidation or merger involving the
Company and any other Person, any transaction or series of transactions in
which more than 50% of the voting securities of the Company are transferred to
another Person, or any transfer, sale or other disposition of all or
substantially all the assets of the Company to any other Person, or (c) any
voluntary or involuntary dissolution, liquidation or winding-up of the Company,
the Company shall mail to the Holder a notice specifying (i) the date or
expected date on which any such record is to be taken for the purpose of such
dividend, distribution or right, and the amount and character of such dividend,
distribution or right, and (ii) the date or expected date on which any such
reorganization, reclassification, recapitalization, consolidation, merger,
transfer, sale, disposition, dissolution, liquidation or winding-up is to take
place and the time, if any such time is to be fixed, as of which the holders of
record of Common Stock (or Other Securities, or Series C Shares) shall be
entitled to exchange their shares of Common Stock (or Other Securities, or
Series C Shares) for the securities or other property deliverable upon such
reorganization, reclassification, recapitalization, consolidation, merger,
transfer, dissolution, liquidation or winding-up. Such notice shall be mailed
at least thirty (30) days prior to the date therein specified.

                  7.       RESERVATION OF STOCK, ETC. The Company shall at all
times reserve and keep available, solely for issuance and delivery upon
exercise of the Warrant, the number of shares of Series C Shares (or Other
Securities) from time to time issuable upon exercise of the Warrant and the
number of shares of Common Stock into which such Series C Shares are
convertible. All Series C Shares (or Other Securities) issuable upon exercise
of the Warrant shall be duly authorized and, when issued upon such exercise,
shall be validly issued and, in the case of shares, fully paid and
nonassessable with no liability on the part of the Holder thereof, and, in the
case of all securities, shall be free from all taxes, liens, security
interests, encumbrances, preemptive rights and charges. The transfer agent for
the Series C Shares, which may be the Company ("Transfer Agent"), and every
subsequent Transfer Agent for any shares of the Company's capital stock
issuable upon the exercise of any of the purchase rights represented by this
Warrant, are hereby irrevocably authorized and directed at all times until the
Expiration Date to reserve such number of authorized and unissued shares as
shall be requisite for such purpose. The Company shall keep copies of this
Warrant on file with the Transfer Agent for the Series C Shares and with every
subsequent Transfer Agent for any shares of the Company's capital stock
issuable upon the exercise of the rights of purchase represented by this
Warrant. The Company shall supply such Transfer Agent with duly executed stock
certificates for such purpose. Subsequent to the Expiration Date, no Series C
Shares need be reserved in respect of this Warrant.

                  8.       REPRESENTATIONS OF THE HOLDER. The Holder (i)
represents that it is acquiring the Warrant for its own account for investment
and not with a view to any distribution or public offering within the meaning
of the Securities Act, (ii) acknowledges that the Warrant and the Series C
Shares issuable upon exercise thereof have not been registered under the
Securities Act or any state securities laws.

                                      -9-

<PAGE>   10

                  9.       REPRESENTATIONS AND COVENANTS OF THE COMPANY. The
Company hereby restates the representations and warranties of the "Borrower"
set forth in Sections 5.01(a), (b), (d), and (cc) of the Financing Agreement.
The Company is not a party to any Investor Agreements other than those Investor
Agreements existing as of the date of this Warrant, true and complete copies of
which have all been delivered to the Holder. Within thirty (30) days of the
date hereof the Company shall have received consent to the Company's execution,
delivery and performance of this Warrant and the IDB Registration Rights
Agreement from each of the parties to the Amended and Restated Stockholders'
Agreement and each of the parties to the Registration Rights Agreement. The
failure of the Company to obtain such consent within 30 days shall constitute
an "Event of Default" under the Financing Agreement (as such term is defined
therein).

                  10.      COVENANTS OF THE COMPANY.

                  (a)      Information. So long as the Company shall not have
filed a registration statement pursuant to Section 12 of the Exchange Act or a
registration statement pursuant to the requirements of the Securities Act, the
Company shall furnish the Holder:

                  (i)      as soon as available and in any event within 30 days
after the end of each of the first three fiscal quarters of the Company,
consolidated balance sheets, consolidated statements of income and consolidated
statements of retained earnings and cash flow of the Company and its
consolidated subsidiaries, as at the end of such fiscal quarter; and for the
period commencing at the end of the immediately preceding fiscal year and
ending with the end of such fiscal quarter, setting forth in each case in
comparative form the figures for the corresponding date or period of the
immediately preceding fiscal year, all in reasonable detail and certified by
the chief financial officer of the Company as fairly presenting, in all
material respects, the financial position of the Company and its consolidated
subsidiaries as of the end of such fiscal quarter and the results of operations
and changes in financial position of the Company and its consolidated
subsidiaries for such fiscal quarter, in accordance with generally accepted
accounting principles applied in a manner consistent with that of the most
recent audited financial statements of the Company, subject to year end
adjustments and the absence of footnotes;

                  (ii)     as soon as available, and in any event within 75
days after the end of each fiscal year of the Company, consolidated balance
sheets, consolidated and statements of income and consolidated statements of
retained earnings and cash flow of the Company and its consolidated
subsidiaries, as at the end of such fiscal year, setting forth in comparative
form the corresponding figures for the immediately preceding fiscal year, all
in reasonable detail and prepared in accordance with generally accepted
accounting principles, and with respect to the consolidated financial
statements accompanied by a report and an unqualified opinion, prepared in
accordance with generally accepted auditing standards, of an independent
certified public accountants of recognized standing selected by the Company;

                  (iii)    as soon as available and in any event within 30 days
of the end of each month, an internally prepared consolidated balance sheets,
and consolidated statements of income and consolidated statements of retained
earnings and cash flow for such month of the

                                      -10-

<PAGE>   11

Company and its consolidated subsidiaries, for the period from the beginning of
such fiscal year to the end of such month, setting forth in comparative form
the corresponding figures for the related periods in the prior fiscal year, all
in reasonable detail and certified by the chief financial officer of the
Company as fairly presenting, in all material respects, the financial position
of the Company and its consolidated subsidiaries as of the end of such month
and the results of operations of the Company and its consolidated subsidiaries
for such month, in accordance with generally accepted accounting principles
applied in a manner consistent with that of the most recent audited financial
statements of the Company, subject to quarterly and year end adjustments and
the absence of footnotes; and

                  (iv)     any other information (including, without
limitation, information required by a stockholder for purposes of preparing or
filing tax returns) that the Holder may reasonably request.

                  (b)      Most Favored Nation Covenant. Without the consent of
the Holder, the Company will not enter into any written or oral investment
agreement, purchase agreement, shareholders agreement, voting agreement,
co-sale agreement, option or warrant agreement, registration rights agreement,
side letter of any kind, or other agreement, understanding or arrangement in
connection with the issuance of, or concerning any rights or restrictions
regarding, shares of the Company's Capital Stock with any stockholder or other
third party ("Investor Agreements") except for those Investor Agreements
existing as of the date of this Warrant, true and complete copies of which have
all been delivered to the Holder, and shall not agree to any amendments with
respect to any existing Investor Agreements. The Company shall furnish to the
Holder a copy of any Investor Agreement (or amendments thereto) entered into
after the date hereof.

                  11.      REGISTRATION AND TRANSFER OF WARRANT, ETC.

                  11.1.    Warrant Register; Ownership of Warrant. The Warrant
shall be registered in a warrant register (the "Warrant Register") as it is
issued and transferred, which Warrant Register shall be maintained by the
Company at its principal office or, at the Company's election and expense, by a
Warrant Agent or the Company's Transfer Agent. The Company shall be entitled to
treat the registered Holder of the Warrant on the Warrant Register as the owner
in fact thereof for all purposes and shall not be bound to recognize any
equitable or other claim to or interest in such Warrant on the part of any
other Person, and shall not be affected by any notice to the contrary, except
that, if properly assigned pursuant to Section 11.2 below, the Warrant may be
exercised by a new holder without a new Warrant first having been issued.

                  11.2.    Transfer of Warrant. If applicable, this Warrant and
all rights hereunder are transferable in whole or in part, without charge to
the Holder hereof, upon surrender of this Warrant with a properly executed Form
of Assignment at the principal office of the Company (or such other office or
agency of the Company as it may in writing designate to the Holder). Upon any
partial transfer, the Company shall at its expense issue and deliver to the
Holder a new Warrant of like tenor, in the name of the Holder, which shall be
exercisable for such number of Series C Shares with respect to which

                                      -11-

<PAGE>   12

rights under this Warrant were not so transferred and to the transferee a new
Warrant of like tenor, in the name of the transferee, which shall be
exercisable for such number of Series C Shares with respect to which rights
under this Warrant were so transferred.

                  11.3.    Replacement of Warrants. On receipt by the Company
of evidence reasonably satisfactory to the Company of the loss, theft,
destruction or mutilation of this Warrant and, in the case of any such loss,
theft or destruction of this Warrant, on delivery of an indemnity agreement
reasonably satisfactory in form and amount to the Company or, in the case of
any such mutilation, on surrender of such Warrant to the Company at its
principal office and cancellation thereof, the Company at its expense shall
execute and deliver, in lieu thereof, a new Warrant of like tenor.

                  11.4.    Fractional Shares. The Company shall not be required
to issue fractions of shares upon exercise of this Warrant or to distribute
certificates which evidence fractional shares. In lieu of fractional shares,
the Company shall make payment to the Holder at the time of exercise of this
Warrant as herein provided in an amount of cash equal to such fraction
multiplied by the Current Market Price on the Exercise Date per shares of
Common Stock into which such Series C Shares are convertible (or, in lieu of
payment of cash for fractional shares, the Company may round up the number of
Series C Shares issued to the Holder to the nearest whole share).

                  11.5     Legend. The certificates evidencing Series C Shares
issuable upon the exercise of this Warrant shall bear a legend substantially as
follows:

                  "THIS WARRANT AND ANY SECURITIES ACQUIRED UPON THE EXERCISE
                  OF THIS WARRANT HAVE NOT BEEN REGISTERED UNDER THE SECURITIES
                  ACT OF 1933, AS AMENDED, OR THE SECURITIES LAW OF ANY STATE,
                  AND MAY NOT BE SOLD, TRANSFERRED OR OTHERWISE DISPOSED OF
                  EXCEPT PURSUANT TO AN EFFECTIVE REGISTRATION STATEMENT UNDER
                  SUCH ACT AND APPLICABLE STATE SECURITIES LAWS OR PURSUANT TO
                  AN APPLICABLE EXEMPTION TO THE REGISTRATION REQUIREMENTS OF
                  SUCH ACT AND SUCH LAWS. THIS WARRANT AND SUCH SECURITIES MAY
                  NOT BE SOLD, TRANSFERRED OR OTHERWISE DISPOSED OF EXCEPT IN
                  COMPLIANCE WITH THE CONDITIONS SPECIFIED IN THIS WARRANT."

                  12.      REMEDIES; SPECIFIC PERFORMANCE. The Company
stipulates that there would be no adequate remedy at law to the Holder of this
Warrant in the event of any default or threatened default by the Company in the
performance of or compliance with any of the terms of this Warrant and
accordingly, the Company agrees that, in addition to any other remedy to which
the Holder may be entitled at law or in equity, the Holder shall be entitled to
seek to compel specific performance of the obligations of the Company under
this Warrant, without the posting of any bond, in accordance with the terms and
conditions of this Warrant in any court of the United States or any

                                      -12-

<PAGE>   13

State thereof having jurisdiction, and if any action should be brought in
equity to enforce any of the provisions of this Warrant, the Company shall not
raise the defense that there is an adequate remedy at law. Except as otherwise
provided by law, a delay or omission by the Holder hereto in exercising any
right or remedy accruing upon any such breach shall not impair the right or
remedy or constitute a waiver of or acquiescence in any such breach. No remedy
shall be exclusive of any other remedy. All available remedies shall be
cumulative.

                  13.      NO RIGHTS OR LIABILITIES AS SHAREHOLDER. Nothing
contained in this Warrant shall be construed as conferring upon the Holder
hereof any rights as a shareholder of the Company or as imposing any obligation
on the Holder to purchase any securities or as imposing any liabilities on the
Holder as a shareholder of the Company, whether such obligation or liabilities
are asserted by the Company or by creditors of the Company.

                  14.      NOTICES. All notices and other communications (and
deliveries) provided for or permitted hereunder shall be made in writing by
hand delivery, telecopier, any courier guaranteeing overnight delivery or first
class registered or certified mail, return receipt requested, postage prepaid,
addressed (a) if to the Company, to the attention of its President at its
principal office located at 1750 Old Meadow Road, McLean, Virginia 22102 or
such other address as may hereafter be designated in writing by the Company to
the Holder in accordance with the provisions of this Section, or (b) if to the
Holder, at its address as it appears in the Warrant Register.

                  All such notices and communications (and deliveries) shall be
deemed to have been duly given: at the time delivered by hand, if personally
delivered; when receipt is acknowledged, if telecopied; on the next Business
Day, if timely delivered to a courier guaranteeing overnight delivery; and five
days after being deposited in the mail, if sent first class or certified mail,
return receipt requested, postage prepaid; provided, that the exercise of any
Warrant shall be effective in the manner provided in Section 2.

                  15.      AMENDMENTS. This Warrant and any term hereof may not
be amended, modified, supplemented or terminated, and waivers or consents to
departures from the provisions hereof may not be given, except by written
instrument duly executed by the party against which enforcement of such
amendment, modification, supplement, termination or consent to departure is
sought.

                                      -13-

<PAGE>   14

                  16.      DESCRIPTIVE HEADINGS, ETC. The headings in this
Warrant are for convenience of reference only and shall not limit or otherwise
affect the meaning of terms contained herein. Unless the context of this
Warrant otherwise requires: (1) words of any gender shall be deemed to include
each other gender; (2) words using the singular or plural number shall also
include the plural or singular number, respectively; (3) the words "hereof",
"herein" and "hereunder" and words of similar import when used in this Warrant
shall refer to this Warrant as a whole and not to any particular provision of
this Warrant, and Section and paragraph references are to the Sections and
paragraphs of this Warrant unless otherwise specified; (4) the word "including"
and words of similar import when used in this Warrant shall mean "including,
without limitation," unless otherwise specified; (5) "or" is not exclusive; and
(6) provisions apply to successive events and transactions.

                  17.      GOVERNING LAW.  This Warrant shall be governed by,
and construed in accordance with, the laws of the State of New York (without
giving effect to the conflict of laws principles thereof).

                  18.      JUDICIAL PROCEEDINGS. Any legal action, suit or
proceeding brought against the Company with respect to this Warrant may be
brought in any federal court of the Southern District of New York or any state
court located in New York County, State of New York, and by execution and
delivery of this Warrant, the Company hereby irrevocably and unconditionally
waives any claim (by way of motion, as a defense or otherwise) of improper
venue, that it is not subject personally to the jurisdiction of such court,
that such courts are an inconvenient forum or that this Warrant or the subject
matter may not be enforced in or by such court. The Company hereby irrevocably
and unconditionally consents to the service of process of any of the
aforementioned courts in any such action, suit or proceeding by the mailing of
copies thereof by registered or certified mail, postage prepaid, at its address
set forth or provided for in Section 14, such service to become effective 10
days after such mailing. Nothing herein contained shall be deemed to affect the
right of any party to serve process in any manner permitted by law or commence
legal proceedings or otherwise proceed against any other party in any other
jurisdiction to enforce judgments obtained in any action, suit or proceeding
brought pursuant to this Section.

                  19.      REGISTRATION RIGHTS AGREEMENT. The shares of Common
Stock (and Other Securities) issuable upon conversion of the Series C Shares
issuable upon exercise of this Warrant shall constitute Registrable Securities
(as such term is defined in the IDB Registration Rights Agreement). The Holder
of this Warrant shall be entitled to all of the benefits afforded to a holder
of any such Registrable Securities under the IDB Registration Rights Agreement
and the Holder, by its acceptance of this Warrant, agrees to be bound by and to
comply with the terms and conditions of the IDB Registration Rights Agreement
applicable to such holder as a holder of such Registrable Securities.

                                      -14-
<PAGE>   15

                  20.      EXPIRATION. The Company shall give the Holder of
this Warrant not less than twenty Business Days nor more than nine months
notice of the expiration of the right to exercise this Warrant. The right to
exercise this Warrant shall expire at 5:00 p.m., New York City time, on the
Expiration Date, unless the Company shall fail to give such notice as
aforesaid, in which event the right to exercise this Warrant shall not expire
until a date twenty Business days after the date on which the Company shall
give the Holder notice of the expiration of the right to exercise this Warrant.

                              GILAT-TO-HOME INC.

                              By:  /s/ YOEL GAT
                                   --------------------------------------------
                                   Name:  Yoel Gat
                                   Title:

                                      -15-

<PAGE>   16

                                          EXHIBIT A to
                                          Series C Convertible Preferred Shares
                                          Purchase Warrant

                                    FORM OF
                          ELECTION TO PURCHASE SHARES

                  The undersigned hereby irrevocably elects to exercise the
Warrant to purchase ____ shares of Series C Convertible Preferred Stock, par
value $______ per share ("Series C Shares"), of GILAT-TO-HOME INC. and hereby
[makes payment of $________ therefor] [or] [makes payment therefor by
application pursuant to Section 2.1(b)(ii) of the Warrant of $_______ aggregate
principal amount of Notes (as defined in the Warrant)] [or] [makes payment
therefor by reduction pursuant to Section 2.1(b)(iii) of the Warrant of the
number of Series C Shares otherwise issuable to the Holder upon Warrant
exercise by ___ shares] [or] [makes payment therefor by delivery of the
following Common Stock Certificates of the Company (properly endorsed for
transfer in blank) for cancellation by the Company pursuant to Section
2.1(b)(iv) of the Warrant, certificates of which are attached hereto for
cancellation _____________________ [list certificates by number and amount]].
The undersigned hereby requests that certificates for such shares be issued and
delivered as follows:

ISSUE TO:
         ----------------------------------------------------------------------
                                     (NAME)

-------------------------------------------------------------------------------
                         (ADDRESS, INCLUDING ZIP CODE)

-------------------------------------------------------------------------------
                 (SOCIAL SECURITY OR OTHER IDENTIFYING NUMBER)

DELIVER TO:
           --------------------------------------------------------------------
                                     (NAME)

-------------------------------------------------------------------------------
                         (ADDRESS, INCLUDING ZIP CODE)

                  If the number of Series C Shares purchased (and/or reduced)
hereby is less than the number of Series C Shares covered by the Warrant, the
undersigned requests that a new Warrant representing the number of Series C
Shares not so purchased (or reduced) be issued and delivered as follows:

ISSUE TO:
         ----------------------------------------------------------------------
                                   (NAME OF HOLDER(1))

-------------------------------------------------------------------------------
                              (ADDRESS, INCLUDING ZIP CODE)

DELIVER TO:
           --------------------------------------------------------------------
                                    (NAME OF HOLDER(1))

-------------------------------------------------------------------------------
                              (ADDRESS, INCLUDING ZIP CODE)

Dated: ____________ , 20__               [NAME OF HOLDER(1)]

                                         By:
                                            -----------------------------------
                                             Name:
                                             Title:

-------------------------
(1)  Name of Holder must conform in all respects to name of holder as specified
     on the face of the Warrant.

                                      -16-

<PAGE>   17

                                          EXHIBIT B to
                                          Series C Convertible Preferred Shares
                                          Purchase Warrant

                              [FORM OF] ASSIGNMENT

                  FOR VALUE RECEIVED, the undersigned hereby sells, assigns,
and transfers unto the Assignee named below all of the rights of the
undersigned to purchase Series C Convertible Preferred Stock, par value $_____
per share ("Series C Shares") of GILAT-TO-HOME INC. represented by the Warrant,
with respect to the number of Series C Shares set forth below:

<TABLE>
<CAPTION>
       Name of Assignee               Address               No. of Shares
       ----------------               -------               -------------
<S>                                  <C>                   <C>

</TABLE>

and does hereby irrevocably constitute and appoint ________ Attorney to make
such transfer on the books of GILAT-TO-HOME INC. maintained for that purpose,
with full power of substitution in the premises.

Dated:                , 20                 [NAME OF HOLDER(1)]
       ---------------    --

                                           By:
                                              ---------------------------------
                                               Name:
                                               Title:

------------------------
(1)  Name of Holder must conform in all respects to name of holder as specified
     on the face of the Warrant.

                                      -17-

<PAGE>   18

                         AMENDMENT TO WARRANT AGREEMENT

Reference is hereby made to (i) the Gilat-to-Home Inc. Series C Convertible
Preferred Stock Purchase Warrant, dated as of January 26, 2000, between
Gilat-to-Home Inc. (the "Company") and Israel Discount Bank Ltd. (the "Holder")
whereby the Holder is entitled to purchase from the Company shares of Series C
Convertible Preferred Stock (the "Warrant Agreement") and (ii) the Financing
Agreement, dated as of August 7, 2000, between the Company, the financial
institutions from time to time party thereto (collectively the "Lenders"), and
Bank Leumi USA, as agent for the Lenders (as amended by the First Amendment and
Joinder to the Financing Agreement, dated as of August 7, 2000, hereinafter
referred to as the "Financing Agreement").

The undersigned hereby agree that, upon execution of this Amendment, Section
10(b) of the Warrant Agreement shall be amended by adding the following phrase
immediately after the words "Investor Agreements" in the ninth line thereof:

         "which amendments would not otherwise be permitted under Section
         6.02(j) of the Financing Agreement (whether or not the Financing
         Agreement shall then be in effect)"

Except as amended hereby, the Warrant Agreement shall remain in full force and
effect.

This Amendment shall be governed by, and construed in accordance with, the laws
of the State of New York (without giving effect to the conflict of laws
principles thereof).

This Amendment may be executed in one or more counterparts, each of which shall
be deemed an original, and all of which shall constitute one and the same
instrument.

IN WITNESS WHEREOF, the undersigned has caused this Amendment to be duly
executed by its duly authorized officer as of the ____ day of __________, 2000.

                                         GILAT-TO-HOME INC.
                                         By:
                                                  -----------------------------
                                                  Name:
                                                  Title:

                                         ISRAEL DISCOUNT BANK LTD.
                                         By:
                                                  -----------------------------
                                                  Name:
                                                  Title:

<PAGE>   19

The following is the amended Section 10(b) of the Warrant Agreement in its
entirety:

(b)      Most Favored Nation Covenant. Without the consent of the Holder, the
Company will not enter into any written or oral investment agreement, purchase
agreement, shareholders agreement, voting agreement, co-sale agreement, option
or warrant agreement, registration rights agreement, side letter of any kind,
or other agreement, understanding or arrangement in connection with the
issuance of, or concerning any rights or restrictions regarding, shares of the
Company's Capital Stock with any stockholder or other third party ("Investor
Agreements") except for those Investor Agreements existing as of the date of
this Warrant, true and complete copies of which have all been delivered to the
Holder, and shall not agree to any amendments with respect to any existing
Investor Agreements which amendments would not otherwise be permitted under
Section 6.02(j) of the Financing Agreement (whether or not the Financing
Agreement shall then be in effect). The Company shall furnish to the Holder a
copy of any Investor Agreement (or amendments thereto) entered into after the
date hereof.

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