Document:

Exhibit 4.1

        

         

      

      ALLOT LTD.

       

      SECURITIES PURCHASE AGREEMENT

       

      This Securities Purchase Agreement (this “Agreement”) is made as of February 14, 2022, by and between Allot Ltd., a company limited by shares organized under the laws of
        the State of Israel (the “Company”), and the purchaser listed on Exhibit A attached to this Agreement (the “Purchaser”).  The Company and Purchaser are referred to hereinafter each as a “Party” and collectively as the “Parties”.

       

      RECITALS

       

      WHEREAS, Purchaser desires to subscribe from the Company and the Company desires to issue and sell a convertible promissory note in substantially the form attached to this
        Agreement as Exhibit B, in the original principal amount set forth on Exhibit A hereto (including all convertible promissory notes issued in exchange, transfer or replacement thereof, the “Note”), which shall be convertible
        on the terms stated therein into the Company’s Ordinary Shares (as defined below) (the Ordinary Shares issued or issuable upon conversion of all or any portion of the Note are referred to herein as the “Conversion Shares”).  The Conversion
        Shares and the Note are referred to herein as the “Securities”.  As used herein, “Ordinary Shares” means the ordinary shares, par value NIS 0.10 per share, of the Company; and

       

      WHEREAS, in connection with this Agreement, and concurrently with the execution of the Note, the Company and Purchaser will enter into a registration rights agreement, in
        substantially the form attached as Exhibit C hereto (the “Registration Rights Agreement”), which provides certain registration rights to Purchaser relating to the Registrable Securities (as defined therein).

       

      NOW THEREFORE, on and subject to the terms hereof, the parties hereto agree as follows:

       

      ARTICLE I

        DEFINED TERMS

       

      The terms defined in this Article I (except as herein otherwise expressly provided or unless the context otherwise requires) for all purposes of this Agreement shall have the
        respective meanings specified in this Article I.  The terms defined in this Article I include the plural as well as the singular.

       

      “Affiliates” shall have the meaning specified in Rule 501(b) of Regulation D under the Securities Act.

       

      “Agreement” shall have the meaning specified in the preamble.

       

      “Anti-Corruption Laws” shall have the meaning specified in Section 4.22.

       

      
        
          

      

      “Business Day” shall mean any day other than a Saturday, a Sunday, or any other day on which banks in New York City or Tel Aviv are authorized or required by law or other
        governmental action to be closed.

       

      “Closing” shall have the meaning specified in Section 2.2.

       

      “Closing Date” shall have the meaning specified in Section 2.2.

       

      “Company” shall have the meaning specified in the preamble.

       

      “Company Reports” shall have the meaning specified in Section 4.1.

       

      “Conversion Shares” shall have the meaning specified in the recitals.

       

      “Cutoff Date” shall mean two days prior to the date hereof.

       

      “EY” shall have the meaning specified in Section 4.9.

       

      “Enforceability Exceptions” shall have the meaning specified in Section 3.2.

       

      “Environmental Laws” shall have the meaning specified in Section 4.20.

       

      “Evaluation Date” shall have the meaning specified in Section 4.24.

       

      “Exchange Act” shall have the meaning specified in Section 3.6.

       

      “Export Controls” shall have the meaning specified in Section 4.23.

       

      “GAAP” shall have the meaning specified in Section 4.10.

       

      “Intellectual Property Rights” shall have the meaning specified in Section 4.21.

       

      “Knowledge” shall have the meaning specified in Section 4.12.

       

      “Lynrock” shall mean Lynrock Lake Master Fund LP.

       

      “Material Adverse Effect” shall have the meaning specified in Section 4.2.

       

      “Material Contract” shall have the meaning specified in Section 4.14.

       

      “Material Permits” shall have the meaning specified in Section 4.13.

       

      “NASDAQ-GS” shall have the meaning specified in Section 4.8.

       

      “Note” shall have the meaning specified in the recitals.

       

      “Note Issue Price” shall have the meaning specified in Section 2.1(a).

       

      “OFAC” shall have the meaning specified in Section 4.23.

       

      
        
          

      

      “Ordinary Shares” shall have the meaning specified in the recitals.

       

      “Party” or “Parties” shall have the meaning specified in the preamble.

       

       “Person” shall have the meaning specified in Section 4.23.

       

       “Purchase” shall have the meaning specified in Section 2.2.

       

      “Purchaser” shall have the meaning specified in the preamble.

       

      “Registration Rights Agreement” shall have the meaning specified in the recitals.

       

      “Regulation D” shall have the meaning specified in Section 3.3.

       

      “RSUs” shall mean restricted stock units in respect of Ordinary Shares.

       

      “Sanctions” shall have the meaning specified in Section 4.23.

       

      “SEC” shall have the meaning specified in Section 3.7.

       

      “Securities” shall have the meaning specified in the recitals.

       

      “Securities Act” shall have the meaning specified in Section 3.3.

       

      “Short Sales” shall have the meaning specified in Section 3.6.

       

      “Subsidiary” shall have the meaning specified in Section 4.2.

       

      “TASE” shall have the meaning specified in Section 4.8.

       

      “Trading Day” shall mean any day on which trading in the Ordinary Shares generally occurs on the principal U.S. national securities exchange on which the Ordinary Shares
        are then listed or, if the Ordinary Shares are not then listed on U.S. national securities exchange, on the principal other market on which the Ordinary Shares are then traded; provided that “Trading Day”
        shall not include any day on which the Ordinary Shares are scheduled to trade on such exchange or market for less than 4.5 hours or any day that the Ordinary Shares are suspended from trading during the final hour of trading on such exchange or
        market (or if such exchange or market does not designate in advance the closing time of trading on such exchange or market, then during the hour ending at 4:00 p.m., New York Time).

       

      “Transfer Agent” shall mean American Stock Transfer & Trust Company or any successor thereto appointed by the Company.

       

      “Transaction Documents” shall mean collectively, this Agreement, the Note, the Registration Rights Agreement and the other documents and agreements entered into, or to be
        entered into, in connection with the transactions contemplated hereby and thereby.

       

      
        
          

      

      ARTICLE II

        SUBSCRIPTION AND PURCHASE OF SECURITIES

       

      Section 2.1          Issuance of Note.

       

      (a)          Note Issue Price.  Subject to the terms set forth in this Agreement, at the Closing (as defined herein), the Company agrees to issue a Note, and Purchaser
        agrees to subscribe for a Note with the principal amount set forth opposite its name on Exhibit A at the issue price of 100% of the principal amount of such Note (the “Note Issue Price”).

       

      (b)          Interest, Maturity, Payment and Conversion.  The provisions pertaining to interest, maturity, payment, conversion and acceleration of the Note are set forth
        in the form of Note attached hereto as Exhibit B.

       

      (c)          Subordination.  The Note is a senior unsecured obligation of the Company and will rank pari passu in right of
        payment with all other senior unsecured and unsubordinated obligations of the Company.

       

      Section 2.2          Closing.

       

      (a)          Subject to Section 6.1 and Section 6.2, the closing (the “Closing”) of the issuance and subscription of the Securities (the “Purchase”) shall
        occur on a date (the “Closing Date”) no later than three Business Days after the date of this Agreement.

       

      (b)          At the Closing, Purchaser shall deliver or cause to be delivered to the Company the Note Issue Price.

       

      (c)          At the Closing, the Company shall deliver to the Purchaser the duly executed Note.

       

      ARTICLE III

        REPRESENTATIONS AND

        WARRANTIES OF PURCHASER

       

      Purchaser hereby makes the following representations and warranties, each of which is and shall be true and correct on the date hereof and at the Closing, to the Company, and all
        such representations and warranties shall survive the Closing:

       

      Section 3.1          Power and Authorization.  Purchaser is duly organized, validly existing and in good standing, and has the power, authority and capacity to execute
        this Agreement, to perform its obligations hereunder, and to consummate the Purchase.

       

      Section 3.2          Valid and Enforceable Agreement; No Violations.  This Agreement has been duly executed and delivered by Purchaser and constitutes a legal, valid and
        binding obligation of Purchaser, enforceable against Purchaser in accordance with its terms, except that such enforcement may be subject to (a) bankruptcy, insolvency, fraudulent transfer, reorganization, moratorium or other similar laws affecting
        or relating to enforcement of creditors’ rights generally and (b) general principles of equity, whether such enforceability is considered in a proceeding at law or in equity (such qualifications in clauses (a) and (b) being the “Enforceability
          Exceptions”).  This Agreement and consummation of the Purchase will not violate, conflict with or result in a breach of or default under (i) Purchaser’s organizational documents, (ii) any agreement or instrument to which Purchaser is a party
        or by which Purchaser or any of its assets are bound or (iii) any laws, regulations or governmental or judicial decrees, injunctions or orders applicable to Purchaser.

       

      
        
          

      

      Section 3.3          Accredited Investor/Qualified Institutional Buyer.  Purchaser is an “accredited investor” within the meaning of Rule 501(a) of Regulation D (“Regulation

          D”) promulgated under the Securities Act of 1933, as amended (the “Securities Act”).  The information Purchaser has provided in writing to the Company as set forth on Purchaser’s signature page hereto is true, correct and complete, as
        of the date hereof and as of the Closing Date, in all material respects.

       

      Section 3.4          Restricted Note and Shares.  Purchaser (a) acknowledges (i) that the issuance of the Note pursuant to this Agreement has not been registered, nor does
        the Company have a plan or intent to register such issuance of the Note, under the Securities Act or any state securities laws, (ii) the Note is being offered and sold in reliance upon exemptions provided in the Securities Act and state securities
        laws for transactions not involving any public offering and, therefore, cannot be sold, transferred, offered for sale, pledged, hypothecated or otherwise disposed of unless it is subsequently registered and qualified under the Securities Act and
        applicable state securities laws or unless an exemption from such registration and qualification is available and (iii) the Note is a “restricted security” as that term is defined in Rule 144 promulgated under the Securities Act and (b) is
        purchasing the Note for investment purposes only for the account of Purchaser and not with any view toward a distribution thereof or with any intention of selling, distributing or otherwise disposing of the Note in a manner that would violate the
        registration requirements of the Securities Act.  Purchaser is able to bear the economic risk of holding the Securities for an indefinite period and has sufficient knowledge and experience in financial and business matters so as to be capable of
        evaluating the merits and risk of its investment in the Securities.

       

      Section 3.5          Legends.  Purchaser understands and agrees that any certificates or book-entry with respect to the Securities or any securities issued in respect
        thereof shall bear the restrictive legend set forth in the form of Note attached hereto as Exhibit B or in Section 7.2 below, respectively.

       

      Section 3.6          No Illegal Transactions.  Purchaser has not, directly or indirectly, and no person acting on behalf of or pursuant to any understanding with it has,
        engaged in any transactions in the securities of the Company (including, without limitation, any Short Sales (as defined below) involving any of the Company’s securities) since the time the Company began negotiating the transactions contemplated by
        this Agreement with Purchaser.  Purchaser covenants that neither it nor any person acting on its behalf or pursuant to any understanding with it will engage, directly or indirectly, in any transactions in the securities of the Company (including
        Short Sales) prior to the time the transactions contemplated by this Agreement are publicly disclosed.  “Short Sales” include, without limitation, all “short sales” as defined in Rule 200 of Regulation SHO promulgated under the Securities
        Exchange Act of 1934, as amended (the “Exchange Act”), and all types of direct and indirect share pledges, forward sale contracts, options, puts, calls, short sales, swaps, derivatives and similar arrangements (including on a total return
        basis), and sales and other transactions through non-U.S. broker-dealers or foreign regulated brokers.

       

      
        
          

      

      Section 3.7          Adequate Information.  Purchaser acknowledges and agrees that (a) Purchaser has had the opportunity to review the Company’s filings and submissions
        with the Securities and Exchange Commission (the “SEC”), including, without limitation, all information filed or furnished pursuant to the Exchange Act and all information incorporated into such filings and submissions, (b) Purchaser has
        sufficient knowledge and expertise to make an investment decision with respect to the transactions contemplated hereby, (c) Purchaser has had a full opportunity to speak directly with directors, officers and Affiliates of the Company and to ask
        questions of the Company and such directors, officers and Affiliates of the Company concerning the Company, its business, operations, financial performance, financial condition and prospects, and the terms and conditions of the Purchase, and
        (d) Purchaser has had the opportunity to consult with its accounting, tax, financial and legal advisors to be able to evaluate the risks involved in the Purchase and to make an informed investment decision with respect to the Purchase.

       

      Section 3.8          Purchaser’s Reporting Requirement.  The Company has made no representations to Purchaser regarding Purchaser’s reporting requirements with the SEC
        related to Purchaser’s present or future ownership in the Company, and Purchaser acknowledges and agrees that it is the responsibility of Purchaser to ensure that Purchaser complies with any disclosure and reporting requirements of the SEC
        applicable to Purchaser as a result of the Purchase and any subsequent conversion thereof.

       

      Section 3.9          No Public Market.  Purchaser understands that no public market exists for the Note, and that there is no assurance that a public market will ever
        develop for the Note.

       

      Section 3.10          No General Solicitation or Advertising.  The offer to enter into the Purchase was directly communicated to Purchaser, and Purchaser was able to ask
        questions and receive answers concerning the terms of this transaction.  At no time was Purchaser presented with or solicited by any leaflet, newspaper or magazine article, radio or television advertisement or any other form of general advertising
        or solicited or invited to attend a promotional meeting otherwise than in connection and concurrently with such communicated offer.

       

      Section 3.11          Legal Opinions.  Purchaser acknowledges and understands that a legal opinion is being delivered by counsel to the Company in reliance on, and
        assuming the accuracy of, the foregoing representations and warranties of Purchaser.

       

      ARTICLE IV

        REPRESENTATIONS AND WARRANTIES OF THE COMPANY

       

      The Company hereby makes the following representations and warranties, each of which is and shall be true and correct on the date hereof and at the Closing, to Purchaser, and all
        such representations and warranties shall survive the Closing.

       

      Section 4.1          Exchange Act Filings.  The Company has filed or furnished, as applicable, on a timely basis all forms, statements, certifications, reports and
        documents required to be filed or furnished by it with the SEC pursuant to the Exchange Act or the Securities Act since December 31, 2019 (the “Company Reports”).  The Company Reports, when they became effective or were filed with or
        furnished to the SEC, as the case may be, conformed in all material respects to the requirements of the Securities Act or the Exchange Act, as applicable, and the rules and regulations thereunder and none of such documents contained any untrue
        statement of a material fact or omitted to state any material fact required to be stated therein or necessary to make the statements therein, in light of the circumstances under which they were made, not misleading; and any further documents so
        filed or furnished after the date hereof and on or prior to the Closing, when such documents become effective or are filed with the SEC, as the case may be, will conform in all material respects to the requirements of the Securities Act or the
        Exchange Act, as applicable, and the rules and regulations of the SEC thereunder and will not contain any untrue statement of a material fact or omit to state any material fact required to be stated therein or necessary to make the statements
        therein, in light of the circumstances under which they were made, not misleading.

       

      
        
          

      

      Section 4.2          Due Incorporation.  Each of the Company and each of its Subsidiaries has been duly organized and is validly existing as a corporation or other legal
        entity in good standing (where such concept is applicable) under the laws of its jurisdiction of incorporation or organization.  Each of the Company and its Subsidiaries is duly qualified to do business and is in good standing (where such concept
        is applicable) as a foreign corporation or other legal entity in each jurisdiction in which its ownership or lease of its properties or the conduct of its business requires such qualification and has all power and authority (corporate or other)
        necessary to own or hold its properties and to conduct the businesses in which each is engaged, except where the failure to so qualify or have such power or authority (i) would not have and would not reasonably be expected to have, individually or
        in the aggregate, a material adverse effect on the condition (financial or otherwise), results of operations, assets, liabilities or business of the Company and its Subsidiaries, taken as a whole, or (ii) impair in any material respect the ability
        of the Company to timely perform its obligations under the Transaction Documents or to timely consummate any transactions contemplated hereby or thereby (any such effect as described in clauses (i) or (ii), a “Material Adverse Effect”).  As
        used in this Agreement, “Subsidiary” shall have the meaning set forth in Rule 1-02 of Regulation S-X of the SEC.

       

      Section 4.3          Subsidiaries.  The membership interests or capital stock (or the foreign equivalent thereof), as applicable, of each Subsidiary have been duly
        authorized and validly issued, are fully paid and nonassessable and, except to the extent set forth in the Company Reports, are owned by the Company directly, free and clear of any claim, lien, encumbrance, security interest, restriction upon
        voting or transfer or any other claim of any third party.

       

      Section 4.4          Due Authorization.  The Company has the full right, power and authority to enter into this Agreement and to perform and discharge its obligations
        hereunder; and this Agreement and the performance by the Company of its obligations hereunder have been duly authorized, and this Agreement has been duly executed and delivered by the Company and constitutes a valid and binding obligation of the
        Company enforceable in accordance with its terms, subject to the Enforceability Exceptions.

       

      Section 4.5          The Note, Conversion Shares and Shares.  The Note has been duly authorized and, when issued and delivered upon sale, will have been duly executed,
        authenticated, issued and delivered and will constitute a valid and legally binding obligation of the Company.  The Ordinary Shares to be issued by the Company upon conversion in whole or in part of the Note have been duly authorized for issuance. 
        When issued in accordance with the terms of this Agreement and the Note, such Conversion Shares will be validly issued, fully paid and nonassessable and free of any preemptive or similar rights, and Purchaser will be entitled to the rights
        specified in the organizational documents of the Company; no preemptive right, resale right, right of first refusal or similar rights exist with respect to any of the Ordinary Shares in the form of the Conversion Shares and the issuance thereof
        will be free of any restriction upon the voting or transfer thereof pursuant to the laws of the State of Israel or the Company’s organizational documents or any agreement or other instrument to which the Company is a party.  The Note and the
        Conversion Shares will be issued in compliance with all U.S. federal and state securities laws and the securities laws of any other applicable jurisdiction.

       

      
        
          

      

      Section 4.6          Capitalization; Indebtedness.

       

      (a) As of the date hereof, the authorized share capital of the Company consists of 200,000,000 Ordinary Shares of which, as of the Cutoff Date, 37,358,063 Ordinary Shares
        (including 816,000 Ordinary Shares held in treasury) were issued and outstanding.  All of the outstanding share capital of the Company has been duly authorized, validly issued and is fully paid and nonassessable and was issued in compliance with
        all applicable securities laws and was not issued in violation of any preemptive right, resale right, right of first refusal or similar right.  As of the Cutoff Date, the Company had 1,222,808 Ordinary Shares reserved for issuance under its equity
        incentive plans in respect of which there were outstanding 1,868,324 RSUs and options to purchase 673,986 Ordinary Shares.  The Company has no other share capital reserved for issuance, with the exception of the shares authorized for issuance in
        connection with the Note to be issued pursuant hereto. Except as set forth above or pursuant to this Agreement, the Company does not have outstanding any options to purchase, or any rights or warrants to subscribe for, any securities or obligations
        convertible into, or any contracts or commitments to issue or sell, any shares of capital stock, or any such warrants, convertible securities or obligations. The Company has reserved for issuance sufficient Ordinary Shares for issuance upon
        conversion of the Note.

       

      (b) Except as set forth on Exhibit D, the Company has no indebtedness for borrowed money as of the date of this Agreement.  The fair salable value of the assets of the
        Company and its Subsidiaries, taken as a whole (including goodwill minus disposition costs) exceeds the fair value of their liabilities, and after giving effect to the transactions contemplated by the Transaction Documents, the Company and its
        Subsidiaries, taken as a whole, are not left with unreasonably small capital in relation to the Company’s business as presently conducted, and are able to pay their debts (including trade debts) as they mature.

       

      Section 4.7          No Default, Termination or Lien.  The execution, delivery and performance of this Agreement by the Company, the issuance and delivery of the Note by
        the Company, the issuance and delivery of all Conversion Shares in accordance with the terms of the Note, the consummation of the transactions contemplated hereby and thereby, and compliance by the Company with the terms of this Agreement will not
        (with or without notice or lapse of time or both) conflict with or result in a breach or violation of any of the terms or provisions of, constitute a default under, give rise to any right of termination or other right or the cancellation or
        acceleration of any right or obligation or loss of a benefit under, or give rise to the creation or imposition of any lien, encumbrance, security interest, claim or charge upon any property or assets of the Company or any Subsidiary pursuant to any
        indenture, mortgage, deed of trust, loan agreement or other agreement or instrument to which the Company or any of its Subsidiaries is a party or by which the Company or any of its Subsidiaries is bound or to which any of the property or assets of
        the Company or any of its Subsidiaries is subject, nor will such actions result in any violation of the provisions of the organizational documents of the Company or any of its Subsidiaries or any law, statute, rule, regulation, judgment, order or
        decree of any court or governmental agency or body, domestic or foreign, having jurisdiction over the Company or any of its Subsidiaries or any of their properties or assets.

       

      
        
          

      

      Section 4.8          No Consents.  No consent, notice, approval, authorization or order of, or qualification with, any governmental body or agency is required for the
        performance by the Company of its obligations under this Agreement, except such as may be required by the securities or blue sky laws of the various states, the Nasdaq Global Select Market (“NASDAQ-GS”), and the Tel Aviv Stock Exchange (“TASE”).

       

      Section 4.9          Independent Accountants.  Kost Forer Gabbay & Kasierer, Certified Public Accounts (Isr.), a member firm of Ernst & Young Global (“EY”),
        who has certified certain financial statements and related schedules included or incorporated by reference in the Company Reports, is an independent registered public accounting firm as required by the Securities Act and the Exchange Act and the
        rules and regulations thereunder and the Public Company Accounting Oversight Board (United States).  Except as pre-approved in accordance with the requirements set forth in Section 10A of the Exchange Act, EY has not been engaged by the Company to
        perform any “prohibited activities” (as defined in Section 10A of the Exchange Act).

       

      Section 4.10          Financial Statements.  The financial statements, together with the related notes and schedules, included in the Company Reports present fairly in all
        material respects the financial condition of the Company and its consolidated Subsidiaries as of the respective dates thereof and the results of operations and cash flows of the Company and its consolidated Subsidiaries for the respective periods
        covered thereby, all in conformity with U.S. Generally Accepted Accounting Principles (“GAAP”) applied on a consistent basis throughout the entire period involved, except as otherwise disclosed in the Company Reports.  Such financial
        statements, together with the related notes and schedules, comply in all material respects with the Securities Act, the Exchange Act and the rules and regulations thereunder.  No other financial statements or supporting schedules or exhibits are
        required by the Exchange Act or the rules and regulations thereunder to be filed with the SEC.

       

      Section 4.11          No Material Adverse Change.  There has not occurred any material adverse change, or any development involving a prospective material adverse change,
        in the condition, financial or otherwise, or in the earnings, assets, business or operations of the Company and its Subsidiaries, taken as a whole, from that set forth or contemplated in the Company Reports filed prior to the date hereof.

       

      Section 4.12          Legal Proceedings.  There are no legal or governmental proceedings, actions, suits or claims pending or, to the Company’s Knowledge, threatened to
        which the Company or any of its Subsidiaries is a party or to which any of the properties or assets of the Company or any of its Subsidiaries is subject (i) other than proceedings accurately described in all material respects in the Company Reports
        and proceedings that would not have and would not reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect or (ii) that are required to be described in the Company Reports and are not so described; and there are
        no statutes, regulations, contracts or other documents to which the Company or any of its Subsidiaries is subject or by which the Company or any of its Subsidiaries is bound that are required to be described in the Company Reports or to be filed as
        exhibits to the Company Reports that are not described therein or filed as required.  Neither the Company nor any Subsidiary, nor any director or officer thereof, is or has been the subject of any legal or governmental proceedings, actions, suits
        or claims of violation of or liability under federal or state securities laws or a claim of breach of fiduciary duty that would require disclosure under Item 401(f) of Regulation S-K of the Securities Act if the Company reported as a domestic
        filer.  For purposes of this Agreement, “Knowledge” means the actual knowledge (after due inquiry) of the executive officers (as defined in Exchange Act Rule 3b-7) of the Company or its Subsidiaries, as applicable.

       

      
        
          

      

      Section 4.13          Regulatory Permits.  Each of the Company and its Subsidiaries possesses or has applied for all certificates, authorizations, licenses, franchises,
        permits, orders and approvals issued or granted by the appropriate governmental or regulatory authorities, agencies, courts, commissions or other entities, whether federal, state, local or foreign, or applicable self-regulatory organizations
        necessary to conduct its business as currently conducted, except (i) where the failure to possess such certificates, authorizations, licenses, franchises, permits, orders and approval, individually or in the aggregate, has not and would not
        reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect (“Material Permits”) and (ii) as accurately described in all material respects in the Company Reports, and neither the Company nor any of its
        Subsidiaries has received any written notice of proceedings relating to the revocation or material adverse modification of any such Material Permits (except as accurately described in all material respects in the Company Reports), and to the
        Company’s Knowledge, there are no facts or circumstances that would give rise to the revocation, termination or material adverse modifications of any Material Permits.

       

      Section 4.14          Material Contracts.  Except for the Material Contracts (as defined below), the Company and its Subsidiaries are not party to any agreements,
        contracts or commitments that are material to the business, financial condition, assets or operations of the Company and its Subsidiaries or that would be required to be filed pursuant to Item 19 and the Instructions as to Exhibits of Form 20-F. 
        Neither the Company nor any of its Subsidiaries is in material default under, or in material violation of, nor has received written notice of termination or default under any Material Contract.  For purposes of this Agreement, “Material Contract”
        means any contract of the Company that was filed as an exhibit to the Company Reports pursuant to Item 19 and the Instructions as to Exhibits of Form 20-F.

       

      Section 4.15          Investment Company Act.  The Company is not or, after giving effect to the Purchase and the application of the proceeds thereof, will not be required
        to register with the SEC as an “investment company” within the meaning of the Investment Company Act of 1940, as amended, and the rules and regulations of the SEC thereunder.

       

      Section 4.16          No Price Stabilization.  Neither the Company, its Subsidiaries nor any of the Company’s or its Subsidiaries’ officers, directors or Affiliates has
        taken or will take, directly or indirectly, any action designed or intended to stabilize or manipulate the price of any security of the Company, or which caused or resulted in, or which would in the future reasonably be expected to cause or result
        in, stabilization or manipulation of the price of any security of the Company.

       

      
        
          

      

      Section 4.17          Title to Property.  The Company and its Subsidiaries have good and marketable title to all real and personal property owned by them which is material
        to the business of the Company and its Subsidiaries, taken as a whole, in each case free and clear of all liens, encumbrances and defects of title except such as are described in the Company Reports or such as do not materially affect the value of
        such property and do not interfere with the use made and proposed to be made of such property by the Company and its Subsidiaries; and any real property and buildings held under lease by the Company and its Subsidiaries are held by them under
        valid, subsisting and enforceable leases with such exceptions as are not material and do not interfere with the use made and proposed to be made of such property and buildings by the Company and its Subsidiaries, in each case except as described in
        the Company Reports.

       

      Section 4.18          No Labor Disputes.  Neither the Company nor any of the Subsidiaries is engaged in any unfair labor practice; except for matters which would not,
        individually or in the aggregate, have a Material Adverse Effect, (i) there is (A) no discrimination complaint or unfair labor practice complaint pending or, to the Knowledge of the Company or the Subsidiaries, threatened against the Company or any
        of the Subsidiaries before the Israeli Ministry of Welfare and Social Affairs, the Israeli Labor Courts or the National Labor Relations Board, respectively, and no grievance or arbitration proceeding arising out of or under collective bargaining
        agreements is pending or, to the Knowledge of the Company or the Subsidiaries, threatened, (B) no strike, labor dispute, slowdown or stoppage pending or, to the Knowledge of the Company or the Subsidiaries, threatened against the Company or any of
        the Subsidiaries and (C) no union representation dispute currently existing concerning the employees of the Company or any of the Subsidiaries, (ii) to the Knowledge of the Company or the Subsidiaries, no union organizing activities are currently
        taking place concerning the employees of the Company or any of the Subsidiaries and (iii) there has been no violation of any federal, state, local or foreign law or collective bargaining agreement relating to discrimination in the hiring, promotion
        or pay of employees, any applicable wage or hour laws or retirement benefits, or any provision of the Employee Retirement Income Security Act of 1974, as amended, or the rules and regulations promulgated thereunder concerning the employees of the
        Company or any of the Subsidiaries.

       

      Section 4.19          Taxes.  The Company (i) has timely filed all necessary federal, state, local and non-U.S. income and franchise tax returns (or timely filed
        applicable extensions therefore) that have been required to be filed and (ii) is not in default in the payment of any taxes which were payable pursuant to said returns or any assessments with respect thereto, other than any which the Company is
        contesting in good faith and for which adequate reserves have been provided and reflected in the financial statements included in the Company Reports.  The Company does not have any tax deficiency that has been or, to the Company’s Knowledge, is
        reasonably likely to be asserted or threatened against it. The Company has complied in all material respects with all requirements concerning Israeli value added tax.

       

      Section 4.20          Compliance with Environmental Laws.  Except as disclosed in the Company Reports, neither the Company nor any of its Subsidiaries is in violation of
        any statute, rule, regulation, decision or order of any governmental agency or body or any court, relating to the use, disposal or release of hazardous or toxic substances or relating to the protection or restoration of the environment or human
        exposure to hazardous or toxic substances (collectively, “Environmental Laws”), or, to the Company’s Knowledge, operates any real property contaminated with any substance that is subject to any Environmental Laws, is liable for any off-site
        disposal or contamination pursuant to any Environmental Laws or is subject to any claim relating to any Environmental Laws, which violation, contamination, liability or claim would or would reasonably be expected, individually or in the aggregate,
        to have a Material Adverse Effect; and the Company is not aware of any pending investigation which might lead to such a claim.

       

      
        
          

      

      Section 4.21          Intellectual Property Rights.  The Company and its Subsidiaries own or possess, or have the right to use, adequate trademarks, trade names and other
        rights to inventions, know-how, patents, copyrights, confidential information and other intellectual property (collectively, “Intellectual Property Rights”) necessary to conduct the business now operated by them, or presently employed by
        them, and have not received any notice of infringement of or conflict with asserted rights of others with respect to any Intellectual Property Rights, except such as would not and would not reasonably be expected to, individually or in the
        aggregate, have a Material Adverse Effect.

       

      Section 4.22          Foreign Corrupt Practices Act.  Neither the Company nor any of its Subsidiaries, nor to the Company’s Knowledge, any director, officer, employee or
        other person associated with or acting on behalf of the Company or any of its Subsidiaries, has (i) used any Company funds for any unlawful contribution, gift, entertainment or other unlawful expense relating to political activity, (ii) made any
        direct or indirect unlawful payment to any foreign or domestic government official or employee from Company funds, (iii) caused the Company or any of its Subsidiaries to be in violation of any provision of the United States Foreign Corrupt
        Practices Act of 1977, as amended or Chapter 9, Title 5 of the Israeli Penal Law, 5737-1977 (Bribery Offences) or similar laws and regulations dealing with improper or illegal payments, gifts or gratuities or the payment of money or anything of
        value directly or indirectly to any person (whether a government official or private individual) for the purpose of illegally or improperly inducing any person or government official, or political party or official thereof, or any candidate for any
        such position, in making any decision or improperly assisting any person in obtaining or retaining business or taking any other action favorable to such person (“Anti-Corruption Laws”) , or (iv) made any bribe, rebate, payoff, influence
        payment, kickback or other unlawful payment from Company funds. The Company has instituted and maintains policies or procedures designed to reasonably ensure compliance with any applicable Anti-Corruption Laws.

       

      Section 4.23          OFAC, Export-Control and Similar Laws.  None of the Company, any of its Subsidiaries or, to the Company’s Knowledge, any director, officer, agent,
        employee, affiliate or representative of the Company or any of its Subsidiaries is an individual or entity (“Person”) currently the subject or target of any sanctions, or any economic sanctions laws, regulations, embargoes or restrictive
        measures administered or enforced by the United States Government, including, without limitation, the U.S. Department of the Treasury’s Office of Foreign Assets Control (“OFAC”), the United Nations’ Security Council, the European Union, Her
        Majesty’s Treasury, the State of Israel, or other relevant sanctions authority (collectively, “Sanctions”), nor is the Company or any of its Subsidiaries located, organized or resident in a country or territory that is the subject of
        Sanctions; and the Company will not directly or indirectly use the proceeds of the issuance of any Note, or lend, contribute or otherwise make available such proceeds to any Subsidiaries, joint venture partners or other Person, to knowingly fund
        any activities of or business with any Person, or in any country or territory, that, at the time of such funding, is the subject of comprehensive or blocking Sanctions or in any other manner that will result in a violation by any Person (including
        any Person participating in the transaction, whether as underwriter, advisor, investor or otherwise) of Sanctions. The Company is in compliance, and has been in compliance with all applicable export and re-export control legal measures
        administered, enacted, or enforced by the State of Israel, the United States, the European Union, a governmental authority or applicable export laws in any other jurisdiction in which the Company operates (“Export Controls”). The Company has
        instituted and maintains policies or procedures designed to reasonably ensure compliance with any applicable Export Controls and Sanctions.

       

      
        
          

      

      Section 4.24          Disclosure Controls and Procedures.  Except as disclosed in the Company Reports, the Company has established and maintains disclosure controls and
        procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) that are effective in all material respects to ensure that material information relating to the Company and its Subsidiaries is made known to the Company’s Chief Executive
        Officer and Chief Financial Officer.  The Company’s certifying officers have evaluated the effectiveness of the Company’s controls and procedures as of the end of the period covered by the most recently filed annual report under the Exchange Act
        (such date, the “Evaluation Date”).  The Company presented in its most recently filed annual report under the Exchange Act the conclusions of the certifying officers about the effectiveness of the disclosure controls and procedures based on
        their evaluations as of the Evaluation Date.  Since the Evaluation Date and except as disclosed in the Company Reports, there have been no material changes in the Company’s internal controls (as such term is defined in the rules of the SEC under
        the Exchange Act) or, to the Company’s Knowledge, in other factors that could affect the Company’s internal controls.

       

      Section 4.25          Accounting Controls.  The Company and its Subsidiaries maintain a system of internal accounting and other controls sufficient to provide reasonable
        assurances that (i) transactions are executed in accordance with management’s general or specific authorizations, (ii) transactions are recorded as necessary to permit preparation of financial statements in conformity with GAAP and to maintain
        accountability for assets, (iii) access to assets is permitted only in accordance with management’s general or specific authorization and (iv) the recorded accountability for assets is compared with existing assets at reasonable intervals and
        appropriate action is taken with respect to any differences.  Except as described in the Company Reports, since the end of the Company’s most recent audited fiscal year, there has been (A) no material weakness in the Company’s internal control over
        financial reporting (whether or not remediated) and (B) no change in the Company’s internal control over financial reporting that has materially affected, or is reasonably likely to materially affect, the Company’s internal control over financial
        reporting.

       

      Section 4.26          Absence of Material Changes.  Subsequent to the respective dates as of which information is given in the Company Reports, and except as may be
        otherwise disclosed in such Company Reports, there has not been (i) any Material Adverse Effect, (ii) any transaction which is material to the Company, (iii) any obligation, direct or contingent (including any off-balance sheet obligations),
        incurred by the Company, which is material to the Company, (iv) any dividend or distribution of any kind declared, paid or made on the share capital of the Company, (v) any change in the share capital (other than a change in the number of
        outstanding Ordinary Shares due to grants of shares under the Company’s equity incentive plans existing on the date hereof or the issuance of shares upon the exercise of outstanding options or the vesting of RSUs) or (vi) any issuance of options,
        warrants, convertible securities or other rights to purchase the share capital (other than grants of stock options and RSUs under the Company’s equity incentive plans existing on the date hereof) of the Company.

       

      
        
          

      

      Section 4.27          Broker’s Fees.  Neither the Company nor any of its Subsidiaries is a party to any contract, agreement or understanding with any person that would
        give rise to a valid claim against the Company for a brokerage commission, finder’s fee or like payment in connection with the offering and issuance of any Note or any transaction contemplated by this Agreement.

       

      Section 4.28          Listing and Maintenance Requirements.  The Company is subject to and in compliance in all material respects with the reporting requirements of
        Section 13 or Section 15(d) of the Exchange Act, as applicable.  The Ordinary Shares are registered pursuant to Section 12(b) of the Exchange Act and are listed on the NASDAQ-GS, and the Company has taken no action designed to, or reasonably likely
        to have the effect of, terminating the registration of the Ordinary Shares under the Exchange Act or delisting the Ordinary Shares from the NASDAQ-GS, nor has the Company received any notification that either the SEC or the Nasdaq Stock Market is
        contemplating terminating such registration or listing. The Conversion Shares will be duly authorized for listing on the NASDAQ-GS and the TASE immediately upon conversion of all or a portion of the Note in accordance with the terms of the Note.

       

      Section 4.29          Sarbanes-Oxley Act.  The Company is in compliance in all material respects with all applicable provisions of the Sarbanes-Oxley Act of 2002 and all
        applicable rules and regulations promulgated thereunder or implementing provisions thereof that are then in effect.

       

      Section 4.30          NASDAQ-GS Approval Rules.  No further approval of the shareholders of the Company under the rules and regulations of the NASDAQ-GS is required for
        the Company to issue and deliver the Note to Purchaser or the Conversion Shares upon conversion of all or any portion of the Note.

       

      Section 4.31          No General Solicitation.  Neither the Company nor any person acting on its or their behalf has engaged in any general solicitation or general
        advertising in connection with the offering or issuance of any Note, including but not limited to the methods described in Rule 502(c) under the Securities Act.

       

      Section 4.32          Integration.  No offers and sales of securities of the same or similar class as the Note have been made by the Company or on its behalf during the
        six-month period ending with the date of this Agreement and no such offers or sales are currently being made or contemplated (in each case, whether pursuant to outstanding warrants, options, convertible or exchangeable securities, acquisition
        agreements or otherwise).  Neither the Company nor any other person acting on its behalf will, directly or indirectly, offer or sell any securities of the same or similar class as the Note, or take any other action, so as to cause the offer and
        issuance of the Note to fail to be entitled to the exemption afforded by Regulation D under the Securities Act.

       

      ARTICLE V

        OTHER AGREEMENTS

       

      Section 5.1          Transfer Agent.  As more fully described in the Note, upon conversion of all or any portion of the Note held by Purchaser in accordance with the terms
        thereof, the Company will cause the Transfer Agent to deliver the relevant number of Conversion Shares to Purchaser, and Purchaser shall cooperate with the Company and the Transfer Agent in connection therewith.

       

      
        
          

      

      Section 5.2          Listing of Shares; Certificates; Reservation of Shares.  The Company covenants that all Conversion Shares at all times that the Note is convertible,
        will be duly approved for listing subject to official notice of issuance on the NASDAQ-GS and the TASE.  The Company covenants that the certificates, if any, representing any Conversion Shares issued upon conversion of all or a portion of the Note,
        will comply with applicable law. As of the date hereof, the Company has reserved and the Company shall continue to reserve and keep available at all times, free of preemptive rights, a sufficient number of Ordinary Shares for the purpose of
        enabling the Company to issue Conversion Shares upon conversion of the Note.

       

      Section 5.3          Use of Proceeds. The proceeds of the Purchase shall be used by the Company for general corporate purposes.

       

      ARTICLE VI

        CONDITIONS TO CLOSING

       

      Section 6.1          Purchaser’s Conditions Precedent.  The obligation of Purchaser to complete the Purchase is subject to the satisfaction of each of the following
        conditions precedent:

       

      (a)          each of the representations and warranties of the Company contained in this Agreement shall be true and correct as of the Closing Date, with the same effect as
        though those representations and warranties had been made on and as of the Closing Date, except to the extent that any such representation or warranty is made as of a specified date, in which case such representation or warranty need only be true
        and correct as of such date;

       

      (b)          the Company shall have duly performed and complied in all material respects with all covenants and agreements contained in this Agreement that are required to be
        performed or complied with by it at or before the Closing;

       

      (c)          no court or other governmental or regulatory authorities, agencies, commissions or other entities, whether federal, state, local or foreign, shall have enacted,
        issued, promulgated, enforced or entered any law (whether temporary, preliminary or permanent) that is in effect and restrains, enjoins or otherwise prohibits consummation of the transactions contemplated by this Agreement, and there shall not be
        pending by or before any such entity any suit, action or proceeding in respect thereof;

       

      (d)          White & Case LLP, U.S. counsel to the Company, and Goldfarb Seligman & Co., Israeli counsel to the Company, shall have furnished to Purchaser opinions in the
        form attached as Exhibits E-1 and E-2 to the Purchaser and addressed to the Purchaser;

       

      (e)          the Chief Executive Officer and Chief Financial Officer of the Company shall have delivered to Purchaser a certificate, dated as of the Closing Date, certifying to
        their knowledge, after reasonable inquiry, as to the matters set forth in paragraphs (a) and (b) of this Section 6.1; and

       

      (f)          the Company shall have executed and delivered to Purchaser each of the other Transaction Documents.

       

      
        
          

      

      Section 6.2          Company Conditions Precedent.  The obligation of the Company to complete the issuance of the Securities to Purchaser contemplated by this Agreement is
        subject to the satisfaction of each of the following conditions precedent:

       

      (a)          each of the representations and warranties of Purchaser contained in this Agreement shall be true and correct as of the Closing Date, with the same effect as though
        those representations and warranties had been made on and as of the Closing Date, except to the extent that any such representation or warranty is made as of a specified date, in which case such representation or warranty need only be true and
        correct as of such date;

       

      (b)          Purchaser shall have duly performed and complied in all material respects with all covenants and agreements contained in this Agreement that are required to be
        performed or complied with by it at or before the Closing;

       

      (c)          no court or other governmental or regulatory authorities, agencies, commissions or other entities, whether federal, state, local or foreign, shall have enacted,
        issued, promulgated, enforced or entered any law (whether temporary, preliminary or permanent) that is in effect and restrains, enjoins or otherwise prohibits consummation of the transactions contemplated by this Agreement, and there shall not be
        pending by or before any such entity any suit, action or proceeding in respect thereof;

       

      (d)          Purchaser shall have delivered to the Company a certificate, dated as of the Closing Date, certifying to his or her knowledge, after reasonable inquiry, as to the
        matters set forth in paragraphs (a) and (b) of this Section 6.2;

       

      (e)          Purchaser shall have executed and delivered to the Israel Innovation Authority that certain Standard Undertaking; and

       

      (f)          Purchaser shall have executed and delivered to the Company each of the other Transaction Documents (other than the Note).

       

      ARTICLE VII

        CERTAIN COVENANTS

       

      Section 7.1          Certain Actions.  The Company and Purchaser shall reasonably cooperate with each other and use (and shall cause their respective Affiliates to use)
        reasonable efforts to take or cause to be taken all actions, and do or cause to be done all things, necessary, proper or advisable on its part under this Agreement, applicable law and stock exchange listing standards to consummate the transactions
        contemplated by this Agreement as soon as practicable.

       

      Section 7.2          Legends.  To the extent reasonably necessary under applicable law, any certificate issued under this Agreement shall have endorsed, to the extent
        appropriate, upon its face the following words:

       

      THE SECURITIES REPRESENTED BY THIS CERTIFICATE HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE “ACT”), OR THE SECURITIES LAWS OF ANY
        JURISDICTION.  SUCH SECURITIES MAY NOT BE OFFERED, SOLD, TRANSFERRED, PLEDGED, ASSIGNED, ENCUMBERED, HYPOTHECATED OR OTHERWISE DISPOSED OF EXCEPT PURSUANT TO (I) A REGISTRATION STATEMENT WITH RESPECT TO SUCH SECURITIES THAT IS EFFECTIVE UNDER SUCH
        ACT OR APPLICABLE STATE SECURITIES LAW, OR (II) ANY EXEMPTION FROM REGISTRATION UNDER SUCH ACT, OR APPLICABLE STATE SECURITIES LAW, RELATING TO THE DISPOSITION OF SECURITIES, INCLUDING RULE 144.

       

      
        
          

      

      Section 7.3          Legend Removal.  Upon the request of Purchaser or any transferee or proposed transferee thereof, the Company shall instruct the Transfer Agent to
        remove the legend contemplated by Section 7.2 (and shall revoke any related stop transfer or similar instructions to its registrar and transfer agent), if the Conversion Shares have been sold pursuant to an effective registration statement under
        the Securities Act or if such person provides reasonable evidence and an opinion of counsel to the effect that a sale, transfer or assignment of such Conversion Shares has been made without registration under the Securities Act or that such
        Conversion Shares are eligible for resale pursuant to Rule 144(b)(1) under the Securities Act.

       

      ARTICLE VIII

        MISCELLANEOUS

       

      Section 8.1          Fees and Expenses.  All expenses incurred by the Parties in connection with the negotiation, execution and delivery of this Agreement will be borne
        solely and entirely by the Party incurring such expenses; it being however agreed between the Parties that the Company will pay or cause to be paid the duly documented out-of-pocket fees, disbursements and expenses of Lynrock’s outside legal
        counsel actually incurred in connection with the issue of the Securities up to a maximum amount of $250,000.

       

      Section 8.2          Confidentiality; Public Announcements.

       

      (a)          To the extent not already publicly disclosed, the Company shall issue a publicly available press release or file with the SEC a report on Form 6-K disclosing (i) no
        later than February 15, 2022, at 5:00 p.m. (New York Time), the material terms of the transactions contemplated by the Transaction Documents and (ii) no later than February 15, 2022, at 5:00 p.m. (New York Time), any other information (or an
        appropriate summary that, at a minimum, includes the material portions thereof), in each case that constitutes material non-public information under applicable United States federal and state securities laws that was provided by the Company or any
        of its representatives to Purchaser or its Affiliates.

       

      (b)          The Company will consult with Purchaser before issuing any press release or making any public statement or filing with respect to the Transaction Documents and the
        transactions contemplated hereby and will provide Purchaser and its counsel with a draft of any press release or other public statement or filing at least one Business Day prior to such disclosure, except where advance notice is not permitted by
        applicable Law. The Company will in good faith consider comments to or other modifications of such disclosure. Notwithstanding anything herein to the contrary, the Company shall not use Purchaser’s name without Purchaser’s prior written approval,
        except as required by applicable law; provided, that if the Company has received the requisite approval for any disclosures as required hereunder, the Company or its Affiliates shall be entitled to make disclosures substantially similar (as to form
        and content) to those prior disclosures that have been so approved.

       

      
        
          

      

      Section 8.3          Notices.  All notices or other communications required or permitted hereunder shall be sent by electronic mail, addressed as follows:

       

      If to the Company:

       

      Allot Ltd.

      
        22 Hanagar Street

        Neve Ne’eman Industrial Zone B

        Hod-Hasharon 4501317

        Israel

      

      Email:  [***]

      Attention:  General Counsel

       

      With a copy (which shall not constitute notice) to:

       

      White & Case LLP

      609 Main Street, Suite 2900 

      Houston, TX 77002

      Email:  [***]

      Attention:  Colin Diamond

          Laura Katherine Mann

       

      If to Purchaser:

       

      Lynrock Lake Master Fund LP

      c/o Lynrock Lake LP

      2 International Dr

      Suite 130

      Rye Brook, NY 10573

      Email:  [***]

      Attention:  Cynthia Paul, Michael Manley

       

      With a copy (which shall not constitute notice) to:

       

      Cooley LLP

      3 Embarcadero Center

      20th Floor

      San Francisco, CA 94111-4004

      Email:  [***]

      Attention: Mischi a Marca

       

      And a copy (which shall not constitute notice) to:

       

      Cooley LLP

      1700 Seventh Avenue

      Suite 1900

      Seattle, WA 98101

      Email:  [***]

      Attention: Alan Hambelton

       

      
        
          

      

      Section 8.4          Severability.  If any term or other provision of this Agreement is invalid, illegal or incapable of being enforced by any rule of law, or public
        policy, all other conditions and provisions of this Agreement shall nevertheless remain in full force and effect so long as the economic or legal substance of the transactions contemplated by this Agreement or any other Transaction Document are not
        affected in any manner materially adverse to any Party.  Upon such determination that any term or other provision is invalid, illegal or incapable of being enforced, the Parties hereto shall negotiate in good faith to modify this Agreement so as to
        effect the original intent of the Parties hereto as closely as possible in a mutually acceptable manner in order that such transactions be consummated as originally contemplated to the fullest extent possible.

       

      Section 8.5          Entire Agreement.  The Transaction Documents (including the schedules and exhibits hereto and thereto) constitute the entire agreement among the
        Parties with respect to the subject matter hereof and supersede all prior agreements and undertakings, both written and oral, among the Parties, or any of them, with respect to the subject matter hereof.  This Agreement may not be amended except by
        an instrument in writing signed on behalf of each of the Parties hereto.

       

      Section 8.6          Assignment; No Third Party Beneficiaries.  Except for the Conversion Shares, which (subject to applicable securities laws) shall at all times be
        freely transferable and except as otherwise expressly provided herein or in the Note, neither this Agreement nor any of the rights, interests or obligations hereunder shall be assigned by any Party hereto, in whole or in part (whether pursuant to a
        merger, by operation of law or otherwise), without the prior written consent of the other Party hereto (such consent not to be unreasonably withheld, conditioned or delayed); provided that, notwithstanding
        anything to the contrary in the preceding language, Purchaser can assign, convey or transfer, in whole or in part, this Agreement to its limited partners, members, Affiliates and any investment fund that is controlled by or is under common control
        with Purchaser.  Subject to the immediately preceding sentence, this Agreement shall be binding upon, inure to the benefit of, and be enforceable by, the Parties hereto and their respective successors and permitted assigns, and nothing in this
        Agreement, express or implied, is intended to or shall confer upon any other Person any right, benefit or remedy of any nature whatsoever under or by reason of this Agreement.

       

      Section 8.7          Construction.  References in the singular shall include the plural, and vice versa, unless the context otherwise requires.  References in the
        masculine shall include the feminine and neuter, and vice versa, unless the context otherwise requires.  Headings in this Agreement are for convenience of reference only and shall not limit or otherwise affect the meanings of the provisions
        hereof.  Neither party, nor its respective counsel, shall be deemed the drafter of this Agreement for purposes of construing the provisions of this Agreement, and all language in all parts of this Agreement shall be construed in accordance with its
        fair meaning, and not strictly for or against either party.

       

      Section 8.8          Governing Law.  This Agreement shall in all respects be construed in accordance with and governed by the substantive laws of the State of New York,
        without reference to its choice of law rules.

       

      Section 8.9          Electronic Signature.  Each Party acknowledges that the electronic signature solution offered by DocuSign offers a sufficient degree of reliability to
        identify signatories and to guarantee the link between each signature and this Agreement.  Consequently, the Company and Purchaser agree not to contest the admissibility, enforceability or probative value of this Agreement signed in electronic
        form.

       

      Section 8.10          Certain Definitional Provisions.  Unless the express context otherwise requires, 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; any references herein to a specific Section, Schedule or Annex shall refer, respectively, to Sections, Schedules or
        Annexes of this Agreement; wherever the word “include”, “includes” or “including” is used in this Agreement, it shall be deemed to be followed by the words “without limitation”; and references herein to any gender includes each other gender.

       

      [Signature Page Follows]

       

      
        
          

      

      
        

        

      

      IN WITNESS WHEREOF, each of the parties hereto has caused this Agreement to be executed as of the date first above written.

      

      

      
        	 	
                THE COMPANY

              	 
	 	 	 
	 	
                ALLOT LTD.

              	 
	 	 	 	 
	
                

                

              	
                By: 

              	/s/ Erez Antebi	 
	 	Name:	Erez Antebi	 
	 	Title:	President and Chief Executive Officer	 
	 	 	 	 

      

      
        	 	PURCHASER	 
	 	 	 
	 	
                LYNROCK LAKE MASTER FUND LP

              	 
	 	
                by: Lynrock Lake Partners LLC, its general partner

              	 
	 	 	 	 
	

              	
                By: 

              	/s/ Cynthia Paul	 
	 	Name:	Cynthia Paul	 
	 	Title:	Member	 

      

      

      
        [Signature Page to Securities Purchase Agreement]

      

      
         

        
          
            

        

      

      EXHIBIT A

      SCHEDULE OF PURCHASER

       

      	
              Name and Address

            	
              Note Principal Amount

            
	
              Lynrock Lake Master Fund LP

            	
              $40,000,000.00

            
	 	 
	
              Address:

            	 
	
              c/o Lynrock Lake LP

              2 International Dr

              Suite 130

              Rye Brook, NY 10573

            	 

       

      

    

    
      
        

    

    

      EXHIBIT B

       

      FORM OF CONVERTIBLE PROMISSORY NOTE

       

      [See attached.]

       

      
        
          

      

      EXHIBIT C

       

      FORM OF REGISTRATION RIGHTS AGREEMENT

       

      [See attached.]

       

      
        
          

      

      EXHIBIT D

       

      INDEBTEDNESS FOR BORROWED MONEY

       

      	

            	1.	
              None.

            

       

      
        
          

      

      EXHIBIT E-1

       

      FORM OF WHITE & CASE LLP US OPINION

       

      [See attached.]

      

      

      
        
          

      

      EXHIBIT E-2

       

      FORM OF GOLDFARB SELIGMAN & CO. OPINION

       

      [See attached.]Exhibit 4.2

        

        

      

      THE SECURITY REPRESENTED BY THIS INSTRUMENT HAS NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES ACT”).  ACCORDINGLY, THIS
          SECURITY MAY NOT BE OFFERED OR SOLD EXCEPT PURSUANT TO AN EFFECTIVE REGISTRATION STATEMENT UNDER THE SECURITIES ACT OR PURSUANT TO AN AVAILABLE EXEMPTION FROM, OR IN A TRANSACTION NOT SUBJECT TO, THE REGISTRATION REQUIREMENTS OF THE SECURITIES
          ACT AND IN ACCORDANCE WITH APPLICABLE STATE SECURITIES LAWS, AS EVIDENCED BY A LEGAL OPINION OF COUNSEL TO THE TRANSFEROR TO SUCH EFFECT, THE SUBSTANCE OF WHICH SHALL BE REASONABLY ACCEPTABLE TO THE COMPANY.  THE TRANSFER OF THIS SECURITY IS ALSO
          SUBJECT TO THE CONDITIONS SPECIFIED IN THE SECURITIES PURCHASE AGREEMENT, DATED AS OF FEBRUARY 14, 2022, AS AMENDED AND MODIFIED FROM TIME TO TIME, BETWEEN ALLOT LTD. (THE “COMPANY”) AND THE HOLDER PARTY THERETO.  THE COMPANY RESERVES THE
          RIGHT TO REFUSE THE TRANSFER OF SUCH SECURITY UNTIL SUCH CONDITIONS HAVE BEEN FULFILLED WITH RESPECT TO SUCH TRANSFER.

       

      ALLOT LTD.

       

      CONVERTIBLE PROMISSORY NOTE

       
        	
                [●], 2022

              	
                $40,000,000.00

              

      

       

      

      ALLOT LTD., a company limited by shares organized under the laws of the State of Israel (the “Company”), hereby promises to pay to Lynrock Lake Master Fund LP, a Cayman
        Islands Exempted Limited Partnership (the “Purchaser” and together with its registered assigns, collectively in the singular, the “Holder”) or its registered assigns, the principal amount of Forty Million and 00/100 Dollars
        ($40,000,000.00) (the “Principal Amount”).  This Note is being issued pursuant to a Securities Purchase Agreement, dated as of February 14, 2022 (the “Purchase Agreement”), between the Company and Purchaser.  The Purchase Agreement
        contains terms governing the rights of the Holder of this Note, and all provisions of the Purchase Agreement are hereby incorporated herein in full by reference.  Unless otherwise indicated herein, capitalized terms used in this Note have the same
        meanings set forth in the Purchase Agreement.

       

      ARTICLE I

        DEFINED TERMS

       

      The terms defined in this Article I (except as herein otherwise expressly provided or unless the context otherwise requires) for all purposes of this Note shall have the
        respective meanings specified in this Article I.  The words “herein,” “hereof,” “hereunder” and words of similar import refer to this Note as a whole and not to any particular Article, Section or other subdivision.  The terms defined in this
        Article I include the plural as well as the singular.

       

      “Affiliate” shall have the meaning specified in Rule 501(b) of Regulation D under the Securities Act.

       

      
        
          

      

      
      “Beneficial Ownership Limitation” shall have the meaning specified in Section 5.1(g).

       

      “Board of Directors” shall have the meaning specified in Section 5.3(a).

       

      “Business Day” shall have the meaning set forth in the Purchase Agreement.

       

      “Capital Lease Obligations” of any Person means the obligations of such Person to pay rent or other amounts under any lease of (or other arrangement conveying the right to
        use) real or personal property, or a combination thereof, which obligations are required to be classified and accounted for as capital leases on a balance sheet of such Person under GAAP, and the amount of such obligations shall be the capitalized
        amount thereof determined in accordance with GAAP; provided that Capital Lease Obligations shall exclude any leases that would have been treated as operating leases under GAAP prior to the adoption of 
        Accounting Standards Codification 842, Leases.

       

       “Change of Control” shall mean the occurrence, directly or indirectly, of one or more of the following events (whether in one transaction or a series of related
        transactions):

       

      (1)          any sale, exchange, assignment, conveyance, transfer or other disposition of all or substantially all of the assets of the Company and its Subsidiaries, taken as
        a whole, to any person or group of related persons for purposes of Sections 13(d) and 14(d) of the Exchange Act (a “Group”); or

       

      (2)          any consolidation, merger or combination involving the Company after which (a) any person or Group is or becomes the beneficial owner, directly or indirectly, of
        Ordinary Shares representing more than 50% of the total ordinary voting power represented by the issued and outstanding Ordinary Shares of the Company or (b) the Company is not the surviving Person; or

       

      (3)          the Company becomes aware that any person or Group is or becomes the beneficial owner, directly or indirectly, of Ordinary Shares representing more than 50% of
        the total ordinary voting power represented by the issued and outstanding Ordinary Shares of the Company; or

       

      (4)          a Delisting Event; or

       

      (5)          the shareholders of the Company approve any plan or proposal for the liquidation or dissolution of the Company.

       

      “Change of Control Amount” means the amount in cash payable on an Optional Conversion/Redemption Date pursuant to Section 6.2(ii) or Section 6.3(ii).

       

      “Change of Control Notice” shall have the meaning specified in Section 6.1(b).

       

      “Closing Sale Price” shall have the meaning specified in Section 5.1(d).

       

      “Company” shall have the meaning specified in the preamble.

       

      “Concert Parties” shall have the meaning specified in Section 5.1(g).

       

      
        2

        
          

      

      “Conversion Date” shall have the meaning specified in Section 5.1(b).

       

      “Conversion Notice” shall have the meaning specified in Section 5.1(b).

       

      “Conversion Price” shall mean, as of any time, $1,000 divided by the Conversion Rate as
        of such time.

       

      “Conversion Rate” shall have the meaning specified in Section 5.2.

       

       “Delisting Event” means the Ordinary Shares cease to be listed or quoted on any of The New York Stock Exchange, The Nasdaq Global Market or The Nasdaq Global Select
        Market (or any of their respective successors).

       

      “Demand” shall have the meaning specified in Section 7.2(b).

       

      “Distributed Assets” shall have the meaning specified in Section 5.3(d).

       

      “DTC” shall have the meaning specified in Section 5.1(c)(iii).

       

      “Event of Default” shall have the meaning specified in Section 4.1.

       

      “Exchange Act” means the Securities Exchange Act of 1934, as amended.

       

      “Expiration Date” shall have the meaning specified in Section 5.3(f).

       

      “Expiration Time” shall have the meaning specified in Section 5.3(f).

       

      “Holder” shall have the meaning specified in the preamble.

       

      “Holder Optional Conversion/Redemption Notice” shall have the meaning specified in Section 6.1(c).

       

      “First Extension” shall have the meaning specified in the definition of “Maturity Date.”

       

      “Group” shall heave the meaning specified in the definition of “Change of Control.”

      

      

       “Independent Financial Advisor” shall mean an investment banking or accounting firm of international standing.

       

      “Lynrock” shall have the meaning set forth in the Purchase Agreement.

       

      “Maturity Date” means February 14, 2025; provided that the Company, in its sole discretion, may irrevocably elect to extend the
        Maturity Date to February 14, 2026 by providing written notice to the Holder no later than November 16, 2024 (the “First Extension”); provided, further that the Company, in its sole discretion, may
        make one additional irrevocable election to extend the Maturity Date to February 14, 2027 by providing written notice to the Holder no later than November 16, 2025 (the “Second Extension”), provided,
        further neither of the First Extension nor Second Extension shall be effective unless (i) the Company’s notice of such extension is made to the Holder 4:30 p.m. or later, New York City time, on a Business
        Day and (ii) the Company publicly announces such extension prior to 9:00 a.m., New York City time on the immediately subsequent Business Day.

       

      
        3

        
          

      

      “Optional Conversion” shall have the meaning specified in Section 6.1(c).

       

      “Optional Conversion/Redemption Date” shall have the meaning specified in Section 6.1(a).

       

      “Optional Redemption” shall have the meaning specified in Section 6.1(c).

       

      “Ordinary Shares” shall have the meaning specified in Section 3.2.

       

      “Organic Change” shall have the meaning specified in Section 5.3(l).

       

      “Permitted Refinancing Indebtedness” shall mean, with respect to this Note, indebtedness issued or incurred in exchange for, or the net proceeds of which are used to
        modify, extend, refinance, renew, replace or refund in full this Note; provided that, (i) such indebtedness is incurred on the Maturity Date or not more than 60 days prior to the Maturity Date and (ii)
        immediately upon the issuance or incurrence of such indebtedness, (a) the indebtedness evidenced by this Note is fully and indefeasibly repaid or (b) the proceeds of such indebtedness are placed into a third-party escrow account reasonably
        acceptable to Holder for the purpose of full, indefeasible repayment of this Note at maturity.

       

      “Person” means any individual, corporation, partnership, joint venture, association, joint-stock company, trust, unincorporated organization, limited liability company or
        government or other entity.

       

      “Principal Amount” shall have the meaning specified in the preamble.

       

      “Purchase Agreement” shall have the meaning specified in the preamble.

       

      “Purchaser” shall have the meaning specified in the preamble.

       

       “Reference Property” shall have the meaning specified in Section 5.3(l).

       

      “Second Extension” shall have the meaning specified in the definition of “Maturity Date.”

       

      “Securities Act” shall have the meaning specified in the legend above.

       

      “Spin-Off” shall have the meaning specified in Section 5.3(d).

       

      “Spin-Off Valuation Period” shall have the meaning specified in Section 5.3(d).

       

      “Subsidiary” shall have the meaning set forth in the Purchase Agreement.

       

      “Successor Company” shall have the meaning specified in Section 8.1(a).

       

      “Trading Day” shall have the meaning set forth in the Purchase Agreement.

       

      
        4

        
          

      

      “Transaction Documents” shall mean collectively, this Note, the Purchase Agreement, the Registration Rights Agreement and the other documents and agreements entered into,
        or to be entered into, in connection with the transactions contemplated hereby and thereby.

       

      “Transfer Agent” shall mean American Stock Transfer & Trust Company or any successor thereto appointed by the Company.

       

      “Trigger Event” shall have the meaning specified in Section 5.3(d).

       

      “Underlying Shares” shall have the meaning specified in Section 5.1(c)(i).

       

      ARTICLE II

        PAYMENT OF INTEREST

       

      This Note will not bear regular interest.  Upon the occurrence and during the continuance of an Event of Default, this Note will bear default interest at a rate of 6% per annum,
        payable in cash quarterly in arrears on each March 31, June 30, September 30 and December 31 for which interest is owed.

       

      ARTICLE III

        PAYMENT OF PRINCIPAL ON NOTE

       

      Section 3.1          Scheduled Payment.  Unless converted or redeemed as set forth below, the Principal Amount of this Note shall be due and payable in cash on the
        Maturity Date.

       

      Section 3.2          Conversion.  Notwithstanding any provision contained in this Article III, the Holder of this Note may convert all or any portion of the Principal
        Amount of this Note into ordinary shares of the Company, par value NIS 0.10 per share (“Ordinary Shares”), in accordance with Article V, until the time as such Principal Amount of this Note has been paid in full.

       

      Section 3.3          Optional Conversion or Conversion upon a Change of Control.  Notwithstanding any provision contained in this Article III, if a Change of Control
        occurs at any time prior to the payment of this Note in full, the Holder of this Note shall have the right, in its sole discretion, to require that the Company convert the Note to Ordinary Shares or redeem all (but not less than all) of the
        outstanding Principal Amount of the Note, in accordance with Article VI.

       

      ARTICLE IV

        EVENTS OF DEFAULT; REMEDIES ON DEFAULT

       

      Section 4.1          Event of Default.  An “Event of Default” shall exist if any of the following conditions or events shall occur and be continuing:

       

      (a)          the Company defaults in the payment of the Principal Amount or Change of Control Amount on the Note when the same becomes due and payable, whether at maturity or at
        a date fixed for prepayment or by declaration or otherwise (including pursuant to Article VI) and such failure to pay is not cured within three Business Days after the occurrence thereof;

       

      
        5

        
          

      

      (b)          the Company’s failure to deliver, when required by this Note, a Change of Control Notice or notice of a Change of Control or an Organic Change pursuant to Section
        5.4(c);

       

      (c)          a default in the Company’s obligation to convert this Note in accordance with Article V upon the exercise of the conversion right with respect thereto, if such
        default is not cured within five Business Days after its occurrence;

       

      (d)          the Company defaults in the performance of, or compliance with, any material term contained in any Transaction Document and the default is not remedied within 30
        days after the Company receives written notice of the default from Holder (any such written notice to be identified as a “notice of default” and to refer specifically to this Section 4.1(d));

       

      (e)          the Company (i) is generally not paying, or admits in writing its inability to pay, its debts as they become due, (ii) files, or consents by answer or otherwise to
        the filing against it of, a petition for relief or reorganization or arrangement or any other petition in bankruptcy, for liquidation or to take advantage of any bankruptcy, insolvency, reorganization, moratorium or other similar law of any
        jurisdiction, (iii) is subject to involuntary proceedings or an involuntary petition shall be filed seeking liquidation, reorganization, winding up, suspension of payments, dissolution, administration or other relief in respect of the Company, any
        Subsidiary of the Company or any of the Company’s or its Subsidiaries’ Affiliates, or of all or a substantial part of its assets, under any federal, state or foreign bankruptcy, insolvency, receivership or similar law, (iv) is subject to the
        involuntary appointment of a receiver, interim receiver, receiver-manager, trustee, custodian, conservator, liquidator, administrative receiver, administrator, compulsory manager or similar official for the Company or any of the Company’s or its
        Subsidiaries’ Affiliates, or of all or a substantial part of its assets, (v) makes an assignment for the benefit of its creditors, (vi) consents to the appointment of a custodian, receiver, trustee or other officer with similar powers with respect
        to it or with respect to any substantial part of its property or (vii) is adjudicated as insolvent or to be liquidated;

       

      (f)          any representation, warranty or certification made herein or pursuant to any Transaction Document by the Company was not true or correct in any material respect as of the time made;

       

      (g)          the Company, any Subsidiary of the Company or any of their respective Affiliates fails to pay principal when due (whether at stated maturity or otherwise) or an
        uncured default exists that results in the acceleration of maturity of any indebtedness of the Company, any Subsidiary of the Company or any of their respective Affiliates in an aggregate amount in excess of $10,000,000 (or its foreign currency
        equivalent), unless such indebtedness is discharged, or such acceleration is rescinded, stayed or annulled, within any applicable cure period set forth in the relevant agreement or instrument;

       

      (h)          one or more final non-appealable judgments for the payment of money in any aggregate amount in excess of $10,000,000 shall be rendered against the Company, any
        Subsidiary of the Company or any of their respective Affiliates, or any combination thereof, and the same shall remain undischarged for a period of 60 days during which execution shall not be effectively stayed, or any action shall be legally taken
        by a judgment creditor to levy upon assets or properties of the Company, any Subsidiary of the Company or any of their respective Affiliates to enforce any such judgment;

       

      
        6

        
          

      

      (i)          an Event of Default under any other Note issued pursuant to the Purchase Agreement; or

       

      (j)          a court or governmental authority of competent jurisdiction enters an order for relief or approving a petition for relief or reorganization or any other petition in
        bankruptcy or for liquidation or to take advantage of any bankruptcy or insolvency law of any jurisdiction, or ordering the dissolution, winding-up or liquidation of the Company, or any such petition shall be filed against the Company and such
        petition shall not be dismissed within 60 days.

       

      Section 4.2          Acceleration.

       

      (a)          If an Event of Default with respect to the Company described in subsection (e) or (j) of Section 4.1 has occurred, the Note shall automatically become immediately
        due and payable.

       

      (b)          If any other Event of Default has occurred and is continuing, the Holder of the Note may, at any time, at its option, by notice to the Company, declare the Note to
        be immediately due and payable.

       

      (c)          Upon the Note becoming due and payable under this Section 4.2, whether automatically or by declaration, the Note will forthwith mature and the entire unpaid
        Principal Amount, together with any accrued and unpaid default interest and, if applicable, any Change of Control Amount, shall all be immediately due and payable, in each and every case without presentment, demand, protest or further notice, all
        of which are hereby waived.

       

      Section 4.3          Other Remedies.  If any Event of Default has occurred and is continuing, and irrespective of whether the Note has become or has been declared
        immediately due and payable under Section 4.2, the Holder of the Note may proceed to protect and enforce the rights of such Holder by an action at law, suit in equity or other appropriate proceeding, whether for the specific performance of any
        agreement contained herein, for an injunction against a violation of any of the terms hereof or thereof or in aid of the exercise of any power granted hereby or thereby or by law or otherwise.

       

      Section 4.4          No Waivers or Election of Remedies; Expenses.  No course of dealing and no delay on the part of the Holder of the Note in exercising any right, power
        or remedy shall operate as a waiver thereof or otherwise prejudice such Holder’s rights, powers or remedies.  The Company shall pay the Principal Amount, default interest and Change of Control Amount of the Note without any deduction for any setoff
        or counterclaim.  No right, power or remedy conferred by the Purchase Agreement or by the Note upon the Holder thereof shall be exclusive of any other right, power or remedy referred to herein or therein or now or hereafter available at law, in
        equity, by statute or otherwise.  The Company will pay to the Holder of the Note on demand such further amount as shall be sufficient to cover all reasonable costs and expenses of such Holder incurred in any enforcement or collection under this
        Article IV, including, without limitation, reasonable attorneys’ fees, expenses and disbursements.

       

      
        7

        
          

      

      Section 4.5          Waiver of Demand.  The Company hereby waives diligence, presentment, protest and demand and notice of protest and demand, dishonor and nonpayment of
        this Note, and expressly agrees that the Holder hereof may accept security for this Note or release security for this Note, all without in any way affecting the liability of the Company hereunder.

       

      ARTICLE V

        CONVERSION

       

      Section 5.1          Conversion Procedure.

       

      (a)          At any time prior to the payment of the Principal Amount of this Note in full, the Holder of this Note may convert all of the outstanding Principal Amount of this
        Note or any portion thereof that is equal to $1,000 or an integral multiple of $1,000 in excess thereof, into a number of Ordinary Shares determined by the following calculation: (i) the portion of the Principal Amount of the Note designated by
        such Holder to be converted, divided by (ii) $1,000, multiplied by (iii) the Conversion Rate (as defined below) then in effect.

       

      (b)          Except as otherwise expressly provided herein, each conversion of this Note shall be deemed to have been effected as of the close of business on the date (the “Conversion

          Date”) on which the Holder of this Note has completed, signed and delivered to the Company an irrevocable conversion notice in the form attached to this Note as Attachment 1 (the “Conversion Notice”).  At such time as such
        conversion has been effected, the rights of the Holder of this Note as such Holder to the extent of the conversion (except the right to receive in cash any unpaid Change of Control Amount) shall cease, and the Person or Persons in whose name or
        names the Ordinary Shares are to be issued upon such conversion shall be deemed to have become the holder or holders of record of the Ordinary Shares represented thereby.

       

      (c)          As soon as possible after a conversion has been effected (but in any event within two Business Days in the case of clause (i) below), the Company shall do the
        following:

       

      (i)          register the issuance to the converting Holder of the number of Ordinary Shares issuable upon conversion (in whole or in
        part) of this Note (the “Underlying Shares”) in the Company’s share transfer registry;

       

      (ii)          issue the Underlying Shares and deposit such Underlying Shares with the Transfer Agent, in the name and on behalf of the Holder of the Note;

       

      (iii)          cause the Transfer Agent to issue and deliver to the converting Holder certificates or a book-entry transfer for the relevant number of Ordinary Shares to Holder;
        provided, that, if (y) either (A) the Transaction Shelf Registration Statement or any replacement Registration Statement (each as defined in the Registration Rights Agreement) pursuant to Section 1.1(b) of
        the Registration Rights Agreement is effective and available or (B) the Underlying Shares would be eligible for resale pursuant to Rule 144 by the Holder, without any requirements as to volume, manner of sale, availability of current public
        information or notice under the Securities Act, and (x) the Holder elects in the applicable Conversion Notice to receive such Underlying Shares through the Depository Trust Company (“DTC”), the Company shall credit such aggregate number of
        Underlying Shares to which the Holder shall be entitled to the Holder’s or its designee’s balance account with DTC through DTC’s Deposit/Withdrawal at Custodian (DWAC) system; and

       

      
        8

        
          

      

      (iv)          if the Holder has surrendered this Note in connection with such conversion, except where the entire Principal Amount is converted in full, deliver to the Holder a
        new Note representing the portion of the Principal Amount which was not converted.

       

      The Holder shall cooperate with the Company and the Transfer Agent to facilitate the process outlined above, including through the execution of the Conversion Notice.  Notwithstanding anything to
        the contrary set forth herein, upon conversion of this Note in accordance with the terms hereof, the Holder shall not be required to physically surrender this Note to the Company unless all of the Principal Amount is being converted. The Holder and
        the Company shall maintain records showing the Principal Amount converted and the dates of such conversions or shall use such other method, reasonably satisfactory to the Holder and the Company, so as not to require physical surrender of this Note
        upon any such partial conversion. The Holder and any transferee, by acceptance of this Note, acknowledge and agree that, by reason of the provisions of this paragraph, following conversion of any portion of this Note, the Principal Amount of this
        Note may be less than the principal amount stated on the face hereof.

       

      (d)          If a fractional Ordinary Share would, except for the provisions hereof, be deliverable upon conversion of this Note, the Company, in lieu of delivering such
        fractional share, shall in the event the conversion is being consummated in connection with repayment in full of the Note, pay in cash an amount equal to the market price of such fractional share based on the closing price (or if no closing sale
        price is reported, the average of the bid and ask prices or, if more than one in either case, the average of the average bid and the average ask prices) of the Ordinary Shares as reported in composite transactions for the principal U.S. national or
        regional securities exchange on which the Ordinary Shares are traded  (the “Closing Sale Price”) on the Conversion Date; provided, that if the Ordinary Shares are not listed for trading on a U.S. national
        or regional securities exchange on the relevant date, the “Closing Sale Price” shall be the last quoted bid price for per Ordinary Share in the over-the-counter market on the relevant date as reported by OTC Markets Group Inc. or a similar
        organization; provided, further that if the Ordinary Shares are not so quoted, the “Closing Sale Price” shall be the average of the mid-point of the last bid and ask prices per Ordinary Share on the
        relevant date from a nationally recognized independent investment banking firm selected by the Holder for this purpose.

       

      (e)          The issuance of the Underlying Shares upon conversion of this Note shall be made without charge to the Holder hereof for any issuance tax in respect thereof or other
        cost incurred by the Company in connection with such conversion and the related issuance of Underlying Shares, unless the tax is due because the Holder requests such Underlying Shares be issued in a name other than the Holder’s name, in which case
        the Holder shall pay the tax.  Upon conversion of this Note, the Ordinary Shares issuable upon such conversion shall be, and the Company shall take all such actions as are necessary in order to ensure that the Ordinary Shares issuable upon such
        conversion shall be validly issued, fully paid and nonassessable.

       

      (f)          The Company shall not close its books against the transfer of Ordinary Shares issued or issuable upon conversion of this Note in any manner which interferes with the
        timely conversion of this Note.

       

      
        9

        
          

      

      (g)          The Company shall not effect the conversion of all or a portion of the Note to the extent that, after giving effect to such issuance after conversion, Holder
        (together with its Affiliates and any other person or entity acting as a group together with Holder or any of its Affiliates (collectively, the “Concert Parties”)), would beneficially own Ordinary Shares in excess of the Beneficial Ownership
        Limitation (as defined below).  For purposes of the foregoing sentence, the number of Ordinary Shares beneficially owned by Holder and its Concert Parties shall include the number of Ordinary Shares beneficially owned by Holder and such Ordinary
        Shares issuable upon conversion of the portion of the Note with respect to which such determination is being made, but shall exclude the number of Ordinary Shares which would be issuable upon (i) conversion of the remaining portion of the Note
        beneficially owned by Holder and (ii) conversion or exercise of the unexercised or unconverted portion of any loan to or securities of the Company (or any successor thereto) subject to a limitation on conversion or exercise analogous to the
        limitation contained herein beneficially owned by Holder or any of its Concert Parties.  Except as set forth in the preceding sentence, for purposes of this Section 5.1(g), beneficial ownership shall be calculated in accordance with Section 13(d)
        of the Exchange Act and the rules and regulations promulgated thereunder, it being acknowledged by Holder that the Company is not representing to Holder that such calculation is in compliance with Section 13(d) of the Exchange Act and Holder is
        solely responsible for any schedules required to be filed in accordance therewith.  To the extent that the limitation contained in this Section 5.1(g) applies, the determination of whether and the extent to which a Note may be converted (in
        relation to other loans or securities owned by Holder together with any Affiliates) shall be made in good faith by Holder holding such Note in consultation with its own counsel.  In addition, a determination as to any group status as contemplated
        above shall be determined in accordance with Section 13(d) of the Exchange Act and the rules and regulations promulgated thereunder.  For purposes of this Section 5.1(g), in determining the number of outstanding Ordinary Shares, Holder may rely on
        the number of outstanding Ordinary Shares as reflected in (x) the Company’s (or its successor’s) most recent periodic or annual report, as the case may be, filed with the SEC, (y) a more recent public announcement by the Company (or its successor)
        or (z) any other notice by the Company or the Transfer Agent (or its successor or successor’s transfer agent) setting forth the number of Ordinary Shares outstanding.  Upon the written or oral request of Holder, the Company shall within two
        Business Days confirm orally and in writing to Holder the number of Ordinary Shares then outstanding.  In any case, the number of Ordinary Shares outstanding shall be determined after giving effect to the conversion or exercise of loans or
        securities of the Company, including the Note, by Holder or its Concert Parties since the date as of which such number of outstanding Ordinary Shares was reported.  The “Beneficial Ownership Limitation” shall initially be 19.99% of the
        number of Ordinary Shares outstanding immediately after giving effect to the issuance of the Conversion Shares issuable upon conversion of the applicable portion of the Note; provided, that with respect to
        any Holder other than the Purchaser and its Affiliates, the “Beneficial Ownership Limitation” shall be 9.99% of the number of Ordinary Shares outstanding immediately after giving effect to the issuance of the Conversion Shares issuable upon
        conversion of the applicable portion of the Note.  The Purchaser (or any Affiliate of the Purchaser that is the Holder), upon written notice to the Company, may increase or decrease the Beneficial Ownership Limitation applicable to it, provided that the Beneficial Ownership Limitation in no event exceeds 24.99% of the number of Ordinary Shares outstanding immediately after giving effect to the issuance of Conversion Shares issuable upon
        conversion of the applicable portion of the Note.  Any decrease in the Beneficial Ownership Limitation will become effective immediately, and any increase in the Beneficial Ownership Limitation applicable to the Purchaser will become effective on
        the 61st day after such written notice is delivered to the Company.  If any Ordinary Shares otherwise due upon the conversion of the Note are not delivered as a result of this Section 5.1(g), then the Company’s obligation to deliver such
        Ordinary Shares will not be extinguished, and the Company will deliver such Ordinary Shares as soon as reasonably practicable after the applicable Holder provides written confirmation to the reasonable satisfaction of the Company that such delivery
        will not contravene the Beneficial Ownership Limitation. Any purported delivery of Ordinary Shares upon conversion of the Note will be void and have no effect to the extent, and only to the extent, that such delivery would contravene the Beneficial
        Ownership Limitation. The provisions of this Section 5.1(g) shall be construed and implemented in a manner otherwise than in strict conformity with the terms hereof in order to correct such terms (or any portion thereof) which may be defective or
        inconsistent with the intended Beneficial Ownership Limitation herein contained, which intention shall include, among other things, that Section 328 to the Israeli Companies Law, 1999, shall not apply to any of the transactions contemplated under
        this Note, or to make changes or supplements necessary or desirable to properly give effect to such limitation.

       

      
        10

        
          

      

      Section 5.2          Conversion Rate.  The Principal Amount of this Note shall be convertible into Ordinary Shares at a rate (subject to adjustment as provided in this
        Article V, the “Conversion Rate”) initially equal to 97.0874 Ordinary Shares per $1,000 Principal Amount of the Note. In the event that the Company exercises the First Extension, effective on February 15, 2025, the Conversion Rate shall be
        increased to equal the Conversion Rate then in effect multiplied by 110.8%.  In the event that the Company exercises the Second Extension, effective on February 15, 2026, the Conversion Rate shall be
        further increased to equal the Conversion Rate then in effect multiplied by 112.0%.  To address dilution of the conversion rights granted under this Note, the Conversion Rate shall be subject to adjustment
        from time to time pursuant to Section 5.3.

       

      Section 5.3          Adjustments to Conversion Rate.  The Conversion Rate shall be adjusted from time to time by the Company if any of the following events occurs:

       

      (a)          In case the Company shall, at any time or from time to time while the Note is outstanding, pay a dividend in Ordinary Shares or make a distribution in Ordinary
        Shares to all or substantially all holders of Ordinary Shares, then the Conversion Rate shall be increased based on the following formula:

       

      	
              CR1 = CR0  ×

            	
              OS1

            	 
	
              OS0

            	 

      
        

        

        where

         

      

      	
              CR0

            	
              =

            	
              the Conversion Rate in effect at 5:00 p.m., New York City time, on the Trading Day immediately preceding the ex-dividend date for such dividend or distribution;

            
	
              CR1

            	
              =

            	
              the Conversion Rate in effect on the ex-dividend date for such dividend or distribution;

            
	
              OS0

            	
              =

            	
              the number of Ordinary Shares outstanding at 5:00 p.m., New York City time, on the Trading Day immediately preceding the ex-dividend date for such dividend or distribution; and

            
	
              OS1

            	
              =

            	
              the number of Ordinary Shares that would be outstanding immediately after, and solely as a result of, giving effect to such dividend or distribution.

            

       

      

      Any adjustment made pursuant to this Section 5.3(a) shall become effective immediately prior to 9:00 a.m., New York City time, on the ex-dividend date for such dividend or
        distribution.  If any dividend or distribution that is the subject of this Section 5.3(a) is declared but not so paid or made, the Conversion Rate shall be immediately readjusted, effective as of the date the board of directors of the Company (the
        “Board of Directors”) publicly announces its decision not to pay or make such dividend or distribution, to the Conversion Rate that would then be in effect if such dividend or distribution had not been declared.

       

      
        11

        
          

      

      (b)          In case outstanding Ordinary Shares shall be subdivided or split into a greater number of Ordinary Shares or combined or reverse split into a smaller number of
        Ordinary Shares, the Conversion Rate shall be adjusted based on the following formula:

       

      	
              CR1 = CR0  ×

            	
              OS1

            	 
	
              OS0

            	 

      
        

        

        where

         

      

      	
              CR0

            	
              =

            	
              the Conversion Rate in effect at 5:00 p.m., New York City time, on the Trading Day immediately preceding the effective date of such subdivision or combination;

            
	
              CR1

            	
              =

            	
              the Conversion Rate in effect on the effective date of such subdivision or  combination;

            
	
              OS0

            	
              =

            	
              the number of Ordinary Shares outstanding at 5:00 p.m., New York City time, on the Trading Day immediately preceding the effective date of such subdivision or combination; and

            
	
              OS1

            	
              =

            	
              the number of Ordinary Shares that would be outstanding immediately after, and solely as a result of, giving effect to such subdivision or combination.

            

       

      

      Any adjustment made pursuant to this Section 5.3(b) shall become effective immediately prior to 9:00 a.m., New York City time, on the effective date of such subdivision or
        combination.

       

      
        12

        
          

      

      (c)          In case the Company shall issue rights (other than rights issued pursuant to a shareholders’ rights plan or a dividend or distribution on Ordinary Shares in Ordinary
        Shares as set forth in Section 5.3(a) above) or warrants to all or substantially all holders of its Ordinary Shares entitling them to purchase, for a period expiring within 45 calendar days of the date of issuance, Ordinary Shares at a price per
        Ordinary Share less than the average of the Closing Sale Prices of the Ordinary Shares during the 10 consecutive Trading Day period ending on the Trading Day immediately preceding the ex-dividend date for the distribution, the Conversion Rate shall
        be increased based on the following formula:

       

      	 	 	 
	
              CR1 = CR0  ×

            	
              OS0+X

            	 
	
              OS0+Y

            	 

      
        

        

        where

         

      

      	
              CR0

            	
              =

            	
              the Conversion Rate in effect at 5:00 p.m., New York City time, on the Trading Day immediately preceding the ex-dividend date for such issuance;

            
	
              CR1

            	
              =

            	
              the Conversion Rate in effect on the ex-dividend date for such issuance;

            
	
              OS0

            	
              =

            	
              the number of Ordinary Shares outstanding at 5:00 p.m., New York City time, on the Trading Day immediately preceding the ex-dividend date for such issuance;

            
	
              X

            	
              =

            	
              the total number of Ordinary Shares issuable pursuant to such rights or warrants; and

            
	
              Y

            	
              =

            	
              the number of Ordinary Shares equal to the quotient of (x) aggregate price payable to exercise such rights or warrants, divided by the average of the Closing Sale Prices of the Ordinary
                Shares during the 10 consecutive Trading Day period ending on the Trading Day immediately preceding the ex-dividend date for such issuance.

            

      
        

        

        Any adjustment made pursuant to this Section 5.3(c) shall become effective immediately prior to 9:00 a.m., New York City time, on the ex-dividend date for such issuance.  If
          any rights or warrants described in this Section 5.3(c) are not so issued, the Conversion Rate shall be immediately readjusted, effective as of the date the Board of Directors publicly announces its decision not to issue such rights or warrants,
          to the Conversion Rate that would then be in effect if such issuance had not been declared.  To the extent that such rights or warrants are not exercised prior to their expiration or Ordinary Shares are otherwise not delivered pursuant to such
          rights or warrants upon the exercise of such rights or warrants, the Conversion Rate shall be readjusted to the Conversion Rate that would then be in effect had the adjustments made upon the issuance of such rights or warrants been made on the
          basis of delivery of only the number of Ordinary Shares actually delivered.  In determining the aggregate price payable to exercise such rights and warrants, there shall be taken into account any consideration received by the Company for such
          rights or warrants and the value of such consideration (if other than cash, to be determined in good faith by the Board of Directors).

         

        
          13

          
            

        

      

      (d)          In case the Company shall, by dividend or otherwise, distribute to all or substantially all holders of its outstanding Ordinary Shares of any class of share capital
        of the Company or evidences of its indebtedness or assets (including securities, but excluding (i) any dividends or distributions referred to in Section 5.3(a), (ii) any rights or warrants referred to in Section 5.3(c), (iii) any dividends or
        distributions referred to in Section 5.3(e), (iv) any dividends or distributions in connection with an Organic Change to which Section 5.3(e) applies, or (v) any Spin-Offs to which the provisions set forth below in this Section 5.3(d) applies) (any
        of the foregoing hereinafter in this Section 5.3(d) called the “Distributed Assets”), then, in each such case, the Conversion Rate shall be increased based on the following formula:

       

      	
              CR1 = CR0 ×

            	
              
                SP0 

                  

              

            	 
	
              SP0 – FMV

            	 

      
        

        

        where

         

      

      	
              CR0

            	
              =

            	
              the Conversion Rate in effect at 5:00 p.m., New York City time, on the Trading Day immediately preceding the ex-dividend date for such distribution;

            
	
              CR1

            	
              =

            	
              the Conversion Rate in effect on the ex-dividend date for such distribution;

            
	
              SP0

            	
              =

            	
              the average of the Closing Sale Prices of the Ordinary Shares during the 10 consecutive Trading Day period ending on, and including, the Trading Day immediately preceding the ex-dividend
                date for such distribution; and

            
	
              FMV

            	
              =

            	
              the fair market value on the ex-dividend date for such distribution of the Distributed Assets so distributed applicable to one Ordinary Share, as determined in good faith by the Board of
                Directors.

            

      
        

        

        In the event where there has been a payment of a dividend or other distribution on the Ordinary Shares consisting of shares of capital stock of any class or series, or similar
          equity interest, of or relating to a Subsidiary or other business unit of the Company (a “Spin-Off”) that are, or when issued, will be, traded or listed on the New York Stock Exchange, the Nasdaq Global Market, the Nasdaq Global Select
          Market or any other U.S. national securities exchange or market, then the Conversion Rate shall instead be increased based on the following formula:

         

      

      	
              CR1 = CR0 ×

            	
              
                FMV0 + MP0

              

            	 
	
              MP0

            	 

      
        

        

        where

         

      

      	
              CR0

            	
              =

            	
              the Conversion Rate in effect at 5:00 p.m., New York City time, on the Trading Day immediately preceding the ex-dividend date for such distribution;

            
	
              CR1

            	
              =

            	
              the Conversion Rate in effect on the ex-dividend date for such distribution;

            
	
              FMV0

            	
              =

            	
              the average of the Closing Sale Prices of the Distributed Assets applicable to one Ordinary Share during the ten consecutive Trading Day period commencing on and including the effective
                date of the Spin-Off (the “Spin-Off Valuation Period”); and

            
	
              MP0

            	
              =

            	
              the average of the Closing Sale Prices of the Ordinary Shares during the Spin-Off Valuation Period.

            

      
        

        

        The increase to the Conversion Rate under the preceding paragraph shall occur on the earlier of (x) the date that is immediately after the end of the Spin-Off Valuation Period
          or (y) the Conversion Date; provided that in the event of any conversion during the Spin-Off Valuation Period, references to “10” in the preceding paragraph shall be deemed to be replaced with such lesser
          number of Trading Days as have elapsed from, and including, the effective date of such Spin-Off to, and including, the Conversion Date.

          

        

        Any adjustment made pursuant to this Section 5.3(d) shall become effective immediately prior to 9:00 a.m., New York City time, on the ex-dividend date for such distribution. 
          If any dividend or distribution of the type described in this Section 5.3(d) is declared but not so paid or made, the Conversion Rate shall be immediately readjusted, effective as of the date the Board of Directors publicly announces its decision
          not to pay such dividend or distribution, to the Conversion Rate that would then be in effect if such dividend or distribution had not been declared.

         

        
          14

          
            

        

        Rights or warrants distributed by the Company to all holders of Ordinary Shares entitling the holders thereof to subscribe for or purchase shares of the Company’s share capital
          (either initially or under certain circumstances), which rights or warrants, until the occurrence of a specified event or events (“Trigger Event”): (i) are deemed to be transferred with such Ordinary Shares; (ii) are not exercisable; and
          (iii) are also issued in respect of future issuances of Ordinary Shares, shall be deemed not to have been distributed for purposes of this Section 5.3 (and no adjustment to the Conversion Rate under this Section 5.3 will be required) until the
          occurrence of the earliest Trigger Event, whereupon such rights and warrants shall be deemed to have been distributed and an appropriate adjustment (if any is required) to the Conversion Rate shall be made under this Section 5.3(d).  If any such
          right or warrant, including any such existing rights or warrants distributed prior to the date of this Note, are subject to events, upon the occurrence of which such rights or warrants become exercisable to purchase different securities,
          evidences of indebtedness or other assets, then the date of the occurrence of any and each such event shall be deemed to be the date of distribution and record date with respect to new rights or warrants with such rights.  In addition, in the
          event of any distribution (or deemed distribution) of rights or warrants, or any Trigger Event or other event (of the type described in the preceding sentence) with respect thereto that was counted for purposes of calculating a distribution
          amount for which an adjustment to the Conversion Rate under this Section 5.3 was made, (A) in the case of any such rights or warrants that shall all have been redeemed or repurchased without exercise by any holders thereof, the Conversion Rate
          shall be readjusted upon such final redemption or repurchase to give effect to such distribution or Trigger Event, as the case may be, as though it were a cash distribution, equal to the per share redemption or repurchase price received by a
          holder or holders of Ordinary Shares with respect to such rights or warrants (assuming such holder had retained such rights or warrants), made to all holders of Ordinary Shares as of the date of such redemption or repurchase and (B) in the case
          of such rights or warrants that shall have expired or been terminated without exercise by any holders thereof, the Conversion Rate shall be readjusted as if such rights and warrants had not been issued.

         

        No adjustment of the Conversion Rate shall be made pursuant to this Section 5.3(d) in respect of rights or warrants distributed or deemed distributed on any Trigger Event to
          the extent that such rights or warrants are actually distributed to the Holder of this Note upon conversion by such Holder of this Note.

         

      

      (e)          In case the Company shall pay a dividend or otherwise distribute to all or substantially all holders of its Ordinary Shares a dividend or other distribution of
        exclusively cash excluding any dividend or distribution in connection with the liquidation, dissolution or winding up of the Company, whether voluntary or involuntary, then the Conversion Rate shall be increased based on the following formula:

       

      	
              CR1 = CR0 ×

            	
              
                SP0

              

            	 
	
              SP0 – DIV

            	 

      
         

        where

         

      

      	
              CR0

            	
              =

            	
              the Conversion Rate in effect at 5:00 p.m., New York City time, on the Trading Day immediately preceding the ex-dividend date for such dividend or distribution;

            
	
              CR1

            	
              =

            	
              the Conversion Rate in effect on the ex-dividend date for such dividend or distribution;

            
	
              SP0

            	
              =

            	
              the Closing Sale Price of the Ordinary Shares during the 10 consecutive Trading Day period ending on, and including, the Trading Day immediately preceding the ex-dividend date for such
                dividend or distribution; and

            
	
              DIV

            	
              =

            	
              the amount in cash per Ordinary Share the Company distributes to holders of its Ordinary Shares.

            

      
        

        

        Any adjustment made pursuant to this Section 5.3(e) shall become effective immediately prior to 9:00 a.m., New York City time, on the ex-dividend date for such dividend or
          distribution.  If any dividend or distribution of the type described in this Section 5.3(e) is declared but not so paid or made, the Conversion Rate shall be immediately readjusted, effective as of the date the Board of Directors publicly
          announces its decision not to pay such dividend or distribution, to the Conversion Rate that would then be in effect if such dividend or distribution had not been declared.

        

        

        
          15

          
            

        

      

      (f)          In case of purchases of the Ordinary Shares pursuant to a tender offer or exchange offer made by the Company or any Subsidiary of the Company for all or any portion
        of the Ordinary Shares, to the extent that the fair market value, as determined in good faith by the Board of Directors, of cash and any other consideration included in the payment per Ordinary Share exceeds the Closing Sale Price of the Ordinary
        Shares on the Trading Day next succeeding the last date on which tenders or exchanges may be made pursuant to such tender offer or exchange offer (as it may be amended) (the “Expiration Date”), the Conversion Rate shall be increased based on
        the following formula:

       

      	
              CR1 = CR0 ×

            	
              
                FMV + (SP1 x OS1)

              

            	 
	
              SP1 x OS0

            	 

      
         

        where

         

      

      	
              CR0

            	
              =

            	
              the Conversion Rate in effect at 5:00 p.m., New York City time, on the Expiration Date;

            
	
              CR1

            	
              =

            	
              the Conversion Rate in effect immediately after 5:00 p.m., New York City time, on the Expiration Date;

            
	
              FMV

            	
              =

            	
              the fair market value, on the Expiration Date, of the aggregate value of all cash and any other consideration paid or payable for Ordinary Shares validly tendered or exchanged and not
                withdrawn as of the Expiration Date, as determined in good faith by the Board of Directors;

            
	
              OS1

            	
              =

            	
              the number of Ordinary Shares outstanding immediately after the last time tenders or exchanges may be made pursuant to such tender offer or exchange offer (the “Expiration Time”),
                after giving effect to the purchase of all Ordinary Shares accepted for purchase or exchange in such tender or exchange offer;

            
	
              OS0

            	
              =

            	
              the number of Ordinary Shares outstanding immediately before the Expiration Time; and

            
	
              SP1

            	
              =

            	
              the average of the Closing Sale Prices of the Ordinary Shares during the 10 consecutive Trading Day period commencing on, and including, the Trading Day immediately after the Expiration
                Date.

            

      
         

        
          16

          
            

        

        Any adjustment made pursuant to this Section 5.3(f) shall become effective immediately prior to 9:00 a.m., New York City time, on the Trading Day immediately following the
          Expiration Date.  If the Company, or one of its Subsidiaries, is obligated to purchase Ordinary Shares pursuant to any such tender or exchange offer, but the Company or such Subsidiary is permanently prevented by applicable law from effecting all
          such purchases or all such purchases are rescinded, the Conversion Rate shall be readjusted to be the Conversion Rate that would then be in effect if such tender or exchange offer had not been made.  Except as set forth in the preceding sentence,
          if the application of this Section 5.3(f) to any tender offer or exchange offer would result in a decrease in the Conversion Rate, no adjustment shall be made for such tender offer or exchange offer under this Section 5.3(f).

        

        

      

      (g)          In cases where the fair market value, as determined in good faith by the Board of Directors, of Distributed Assets and cash, including with respect to a Spin-Off, as
        to which Section 5.3(d) and Section 5.3(e) apply, applicable to one Ordinary Share, distributed to holders of the Ordinary Shares equals or exceeds the average of the Closing Sale Prices of the Ordinary Shares during the 10 consecutive Trading Day
        period ending on, and including, the Trading Day immediately preceding the ex-dividend date for such distribution, then, rather than being entitled to an adjustment in the Conversion Rate, Holder will be entitled to receive upon conversion of each
        $1,000 of Principal Amount in respect of this Note, in addition to the Conversion Shares, the kind and amount of assets, debt securities or rights, warrants or options comprising the distribution, if any, that Holder would have received if Holder
        had converted such $1,000 of Principal Amount in respect of this Note immediately prior to the record date for determining the shareholders entitled to receive the distribution.

       

      (h)          In addition to those adjustments required by clauses (a)-(g) of this Section 5.3, and to the extent permitted by applicable law and subject to the applicable rules
        of the Nasdaq Global Select Market and any other securities exchange on which any of the Company’s securities are then listed, the Company from time to time may increase the Conversion Rate by any amount for a period of at least 20 Business Days if
        the Board of Directors determines that such increase would be in the Company’s best interest, and the Company may (but is not required to) increase the Conversion Rate to avoid or diminish any income tax to holders of the Ordinary Shares or rights
        to purchase Ordinary Shares in connection with a dividend or distribution of Ordinary Shares or similar event.

       

      (i)          All calculations under this Article V shall be made in good faith by the Company in accordance with this Article V, and shall be made to the nearest cent or to the
        nearest one-ten thousandth (1/10,000) of an Ordinary Share, as the case may be.  No adjustment need be made for rights to purchase Ordinary Shares pursuant to a Company plan for reinvestment of dividends or for any issuance of Ordinary Shares or
        convertible or exchangeable securities or, except as provided in this Section 5.3, rights to purchase Ordinary Shares or convertible or exchangeable securities.  The Company shall certify to Holder that all calculations are made in compliance with
        this Article V, and shall show Holder in detail the facts upon which such calculations and adjustments were made.

       

      
        17

        
          

      

      (j)          For purposes of this Section 5.3, the number of Ordinary Shares at any time outstanding shall not include Ordinary Shares held in the treasury of the Company.  The
        Company will not pay any dividend or make any distribution on Ordinary Shares held in the treasury of the Company.

       

      (k)          Notwithstanding any of the foregoing clauses in this Section 5.3, the applicable Conversion Rate will not be adjusted pursuant to this Section 5.3(k) in the event of
        a distribution that would otherwise give rise to adjustment pursuant to clause (d) or (e) of this Section 5.3, if (but only if) Holder otherwise participates in such distribution, at the same time such distribution is effected to holders of
        Ordinary Shares, on an as-converted basis (as if Holder had converted the Principal Amount at the then applicable Conversion Rate) but without the conversion of this Note actually taking place or (ii) solely by reason of the issuance or conversion
        of any other Note pursuant to the Purchase Agreement.

       

      (l)          Organic Change.  Any recapitalization, reorganization, reclassification, consolidation, merger, sale of all or substantially all of the Company’s assets or
        other transaction (other than a subdivision or combination solely of Ordinary Shares), which in each case is effected in such a manner that holders of Ordinary Shares are entitled to receive (either directly or upon subsequent liquidation) stock,
        securities or assets with respect to or in exchange for or upon conversion of Ordinary Shares is referred to herein as an “Organic Change.” In the event of an Organic Change prior to repayment in full of the Note, then:

       

      (A)          at the effective time of the Organic Change, the right to convert each $1,000 Principal Amount of this Note will be changed into the right to
        convert such Principal Amount of this Note into the kind and amount of shares, other securities or other property or assets (including cash) or any combination thereof that a holder of a number of Ordinary Shares equal to the Conversion Rate
        immediately prior to such Organic Change would have owned or been entitled to receive upon such Organic Change (the “Reference Property,” with each “unit of Reference Property” meaning the kind and amount of Reference
        Property that a holder of one Ordinary Share would have owned or been entitled to receive upon such Organic Change); and

       

      (B)          at or prior to the effective time of such Organic Change, the Company or Successor Company, as the case may be, and any other issuer of securities
        constituting Reference Property shall execute and deliver to the Holder a supplement to this Note providing for such change in the right to convert each $1,000 Principal Amount of this Note.

       

      The Company shall not become a party to any Organic Change unless the terms thereof are consistent with this Section 5.3(1).

       

      Such supplement described in the first paragraph of this Section 5.3(1) shall provide for anti-dilution and other adjustments, and covenants for protection of the
        interests of the Holders of this Note, in respect of the Reference Property (and, if the Reference Property represents underlying securities, such securities) that shall be as nearly equivalent as is practicable to the adjustments and covenants
        provided for in this Article V in respect of Ordinary Shares.  If, in the case of any Organic Change, the Reference Property includes shares of stock, securities or other property or assets (including cash or any combination thereof) of a
        Person other than the Company or Successor Company, as the case may be, then such supplement shall contain such additional provisions to protect the interests of the Holders as the Board of Directors shall reasonably consider necessary by reason of
        the foregoing.

       

      
        18

        
          

      

      When the Company executes and delivers such supplement to this Note pursuant to the foregoing, the Company shall promptly deliver to the Holder an officer’s certificate briefly
        stating the reasons therefor, the kind or amount of cash, securities or property or assets that will comprise a unit of Reference Property (and, if the Reference Property represents underlying securities, such securities) after any such Organic
        Change, any adjustment to be made with respect thereto and that all conditions precedent in this Note to such execution and delivery have been complied with.

       

      None of the foregoing provisions shall affect (i) the right of the Holder of this Note to convert all or any portion of the Principal Amount of this Note into Ordinary Shares
        prior to the effective time of such Organic Change,(ii) if such Organic Change constitutes a Change of Control, the rights of the Holder of this Note, at its option, to cause redemption or conversion of this Note upon the Optional
        Conversion/Redemption Date in respect of such Change of Control in accordance with Article VI or (iii) regardless of whether such Organic Change constitutes a Change of Control, the right of the Holder of this Note to continue to hold this Note
        after consummation of such Organic Change and at any time thereafter prior to the payment of the Principal Amount of this Note in full, to convert this Note into Reference Property.

       

      The above provisions of this Section 5.3(1) shall similarly apply to successive Organic Changes.

       

      Notwithstanding the Conversion Rate adjustment provisions described in Section 5.3(a) through (f), no adjustment to the Conversion Rate shall be made pursuant to
        such provisions in the event of any dividend, distribution or issuance upon an Organic Change to which the provisions under this Section 5.3(1) apply.

       

      Section 5.4          Notices.

       

      (a)          Immediately upon any adjustment of the Conversion Rate, the Company shall send written notice thereof to the Holder of this Note, setting forth in reasonable detail
        and certifying the calculation of such adjustment.

       

      (b)          The Company shall send written notice to the Holder of this Note at least 20 days prior to the date on which the Company closes its books or takes a record (i) with
        respect to any dividend or distribution upon Ordinary Shares, any subdivision, stock split, reverse stock split or combination, or any tender offer or exchange offer or (ii) with respect to any pro rata subscription offer to holders of Ordinary
        Shares.

       

      (c)          The Company shall also give at least 20 days’ prior written notice to the Holder of this Note of the date on which any Change of Control, Organic Change, dissolution
        or liquidation shall take place.

       

      Section 5.5          Adjustments of Prices.  Whenever any provision of this Note requires the Company to calculate the Closing Sale Prices over a span of multiple days
        (including the Spin-Off Valuation Period and any other period for determining the Closing Sale Prices for purposes of adjustments to the Conversion Rate pursuant to Section 5.3), the Company shall make any adjustments to each that it reasonably
        determines to be appropriate to account for any adjustment to the Conversion Rate that becomes effective, or any event requiring an adjustment to the Conversion Rate (or changes to the market price per Ordinary Share resulting from any such event)
        where the ex-dividend date, effective date or Expiration Time, as the case may be, of the event occurs at any time during the period when such Closing Sale Prices are to be calculated, without duplication of any adjustment made pursuant to Section
        5.3. The Company will likewise make appropriate adjustments where a Conversion Rate adjustment otherwise required to be made pursuant to the provisions of Sections 5.3(a) through (f) is not made in accordance with the provisions of Section 5.3(g)
        that permit participation by Holder in a distribution in lieu of such Conversion Rate adjustment.

       

      
        19

        
          

      

      ARTICLE VI

        HOLDER’S RIGHTS UPON CHANGE OF CONTROL

       

      Section 6.1          General.

       

      (a)          Subject to the terms of this Article VI, if a Change of Control occurs at any time prior to the payment of this Note in full, regardless of whether the Change of
        Control also constitutes an Organic Change or an Organic Change otherwise occurs, the Holder of this Note shall have the right, in its sole discretion, to require that the Company convert the Note to Ordinary Shares or redeem all (but not less than
        all) of the outstanding Principal Amount of the Note on the date specified by the Company (the “Optional Conversion/Redemption Date”), that is not less than 20 nor more than 60 days following the date of the Change of Control Notice (as
        defined below).

       

      (b)          On or before the 20th day after the occurrence of a Change of Control, the Company shall provide to the Holder of this Note a written notice (the “Change

          of Control Notice”) of the occurrence of the Change of Control specifying:

       

      (i)          the events causing the Change of Control;

       

      (ii)         the effective date of the Change of Control; and

       

      (iii)        the Optional Conversion/Redemption Date.

       

      No failure of the Company to give the foregoing notice and no defect therein shall limit the Holder’s right of optional conversion or redemption or affect the validity of the proceedings for the
        conversion or the redemption of the Note.

       

      (c)          Any conversion or redemption of this Note under this Article VI shall be made at the option of the Holder of this Note upon delivery to the Company by the Holder of a written notice (a “Holder

          Optional Conversion/Redemption Notice”) stating whether it elects to require the Company to convert the Note to Ordinary Shares (an “Optional Conversion”) or to redeem (an “Optional Redemption”) all of the outstanding Principal
        Amount of the Note.

       

      
        20

        
          

      

      Section 6.2          Mechanics of Holder Optional Conversion.  If the Holder of this Note delivers a Holder Optional Conversion/Redemption Notice electing an Optional
        Conversion in accordance with this Article VI, then, on the Optional Conversion/Redemption Date, the Company shall (i) issue to the Holder of this Note a number of Ordinary Shares determined by multiplying (A) the portion of the Principal Amount of
        the Note designated by such Holder to be converted divided by $1,000, by (B) the Conversion Rate then in effect and (ii) pay to the Holder an amount in cash equal to 6% per annum on the then-outstanding
        Principal Amount from the Conversion Date of such Optional Conversion through, and including, the Maturity Date (as it may be extended).  The Company shall not become a party to any Change of Control unless the terms thereof are consistent with
        this Section 6.2.

       

      Section 6.3          Mechanics of Holder Optional Redemption.  If the Holder of this Note delivers a Holder Optional Conversion/Redemption Notice electing an Optional
        Redemption in accordance with this Article VI, then, on the Optional Conversion/Redemption Date, the Company shall (i) redeem the Note in cash at a price equal to 100% of the outstanding Principal Amount of the Note and (ii) pay to the Holder an
        amount in cash equal to 6% per annum on the then-outstanding Principal Amount from the date of such Optional Redemption through, and including, the Maturity Date (as it may be extended).

       

      Section 6.4          No Effect on Holder Conversion Right.  None of the foregoing provisions shall affect the right of the Holder of this Note to convert all or any
        portion of the Principal Amount of this Note into Ordinary Shares prior to or after the effective time of any Change of Control.

       

      ARTICLE VII

        CERTAIN COVENANTS OF THE COMPANY

       

      Section 7.1          Limitation on Indebtedness and Liens.  Without the consent of a majority in aggregate principal amount of the Note, the Company shall not, and shall
        not permit any Subsidiary to:

       

      (a)          create, incur, assume or be liable for any indebtedness for borrowed money unless:

       

      (i)          such indebtedness is intercompany indebtedness or

       

      (ii)           the aggregate principal amount of such indebtedness does not exceed $5,000,000;

       

      (b)          create, incur, assume or be liable for obligations, whether or not contingent, in respect of equity securities subject to repurchase or redemption (other than
        obligations to repurchase Ordinary Shares issued pursuant to an employee benefit plan as a result of the applicable employee’s termination, death or disability or in order to satisfy applicable statutory or regulatory obligations);

       

      (c)          create, incur, assume or be liable for all obligations owing under any interest rate, currency or commodity swap agreement, interest rate cap or collar agreement, or
        other hedging or swap agreement or arrangement, in each case (i) entered for speculative purposes and not for hedging purposes, and (ii) if and to the extent such items would appear as a liability upon a balance sheet prepared in accordance with
        GAAP;

       

      
        21

        
          

      

      (d)          create, incur, allow or be liable for any guarantee in respect of indebtedness or obligations of the type described in Sections 7.1(a), 7.1(b) or 7.1(c) above; or

       

      (e)           create, incur, allow or suffer any lien on (x) all or substantially all of the assets of the Company or its Subsidiaries or (y) any patents, copyrights, trademarks
        or other intellectual property of the Company or its Subsidiaries.

       

      Notwithstanding the foregoing, Permitted Refinancing Indebtedness shall be permitted and liens securing Permitted Refinancing Indebtedness shall be permitted, provided, that this Note is fully and
        indefeasibly repaid at the time such liens are created.

       

      Section 7.2          Taxation.

       

      (a)          Any and all payments (or deemed payments) to be made (or deemed made) by the Company to the Holder of this Note shall be made without withholding or deduction for or
        on account of any taxes, duties or similar charges imposed by any taxing authority. If any applicable law requires the deduction or withholding of any taxes, duties or governmental charges from any such payment (or deemed payment), the
        sum payable (or deemed payable) by the Company to the Holder shall be increased as necessary so that after such withholding or deduction has been made (including such deduction and withholding applicable to additional sums payable under this
        Section 7.2), the Holder receives an amount equal to what it would have received had no such withholding or deduction been made.

       

      (b)          If the Holder receives a demand or notice (a “Demand”) that would reasonably be expected to give rise to a claim for any Israeli taxes payable by the Holder
        in connection with any payment (or deemed payment) made by the Company to the Holder of this Note, including any penalties, interest and linkage differentials arising therefrom or with respect thereto, the Holder shall, within 30 days after
        receiving the Demand, notify the Company in writing of such Demand, together with a copy of all papers served with respect to such Demand and any other relevant information known to the Holder (provided that any failure by the Holder to provide
        such notice to the Company within such period will not relieve the Company of any liability to the Holder under this Agreement, except and only to the extent that the Company demonstrates that it has been materially prejudiced by such failure by
        the Holder to provide such notice within such period). If the Company gives written notice to the Holder within seven days after the Holder has delivered such written notice, that the Company (i) elects to assume the defense of the Demand (at the
        Company’s own cost and expense) and (ii) will fully indemnify the Holder against such Demand, including any penalties, interest and linkage differentials arising therefrom or with respect thereto, then the Company shall have the right to defend
        such Demand by all appropriate proceedings and shall have full control of such proceedings, including any compromise or settlement thereof (provided, however, that the Company shall not have the power to enter into any settlement or compromise that
        includes any assumption of non-monetary liability by the Holder). If the Company does not give to the Holder such written notice within seven days after the Holder has delivered such written notice, the Company shall fully indemnify the Holder with
        respect to the Demand, and shall make payment in respect thereof within ten days after demand thereof, for the full amount of any Israeli taxes payable or paid by the Holder in connection with any payment (or deemed payment) made by the Company or
        the Holder of this Note, including any penalties, interest and linkage differentials arising therefrom or with respect thereto. Notwithstanding the foregoing, the Company shall have no obligation to indemnify the Holder if such Israeli taxes are
        related to the Holder being (currently or in the past) a tax resident of or having a permanent establishment or an Israeli affiliate in Israel, or as a result of any present or former connection (other than any connection resulting from the
        transactions contemplated by this Note) between the Holder and the State of Israel.

       

      
        22

        
          

      

      (c)          All payments (or deemed payments) made by the Company to the Holder of this Note shall be considered exclusive of any value added tax or any other tax of a similar
        nature, which shall be borne and paid solely by the Company.

       

      ARTICLE VIII

        SUCCESSORS

       

      Section 8.1          The Company May Consolidate, Combine, Merge, etc., only on Certain Terms.  The Company shall not, in a single transaction or through a series of
        related transactions, consolidate, combine or merge with or into any other Person, or, directly or indirectly, sell, exchange, assign, convey, transfer, or otherwise dispose of, all or substantially all of the assets of the Company and its
        Subsidiaries, taken as a whole, to another Person or group of affiliated Persons (in each case other than to one or more of its Subsidiaries), except that the Company may consolidate, combine or merge with or into, or sell, exchange, assign,
        convey, transfer, or otherwise dispose of, all or substantially all of its assets to another Person if:

       

      (a)          the Company is the surviving Person or the resulting, surviving, transferee or successor Person (the “Successor Company”) (if other than the Company) is a
        corporation organized or existing under the laws of Canada, the European Union, France, Taiwan, the State of Israel, Japan, the Republic of Korea, the United States, any state of the United States, the District of Columbia, or any province or
        territory of any of the foregoing jurisdictions, and expressly assumes, by an agreement supplemental hereto, all obligations of the Company under this Note and the other Transaction Documents including payment of the Principal Amount on the Note,
        and the performance and observance of all of the covenants and conditions of this Note and the other Transaction Documents to be performed by the Company;

       

      (b)          immediately after giving effect to such transaction, no Event of Default has occurred and is continuing; and

       

      (c)          if such transaction constitutes an Organic Change, the Company or the Successor Company, as applicable, complies with the provisions of Section 5.3(l) and, if the
        transaction constitutes a Change of Control, Article VI.

       

      Section 8.2          Successor Substituted.  Upon any consolidation or combination of the Company with, or merger of the Company with or into, any other Person or any
        sale, exchange, assignment, conveyance, transfer, or other disposal of all or substantially all of the assets of the Company and its Subsidiaries, taken as a whole, to another Person in accordance with Section 8.1, the Successor Company formed by
        such consolidation or combination or with or into which the Company is merged or to which such sale, exchange, assignment, conveyance, transfer, or other disposal is made shall succeed to, and may exercise every right and power of, the Company
        under this Note and the other Transaction Documents with the same effect as if such Successor Company had been named as the Company herein. If the predecessor is still in existence after such transaction, it will be released from its obligations
        and covenants under the Transaction Documents.

       

      
        23

        
          

      

      ARTICLE IX

        TRANSFER OF THE NOTE

       

      Section 9.1          Transferability.  Subject to compliance with any applicable securities laws and the conditions set forth in Section 9.2 below, the Holder of this Note
        shall be entitled to transfer this Note in full to any other Person. Any such transfer shall be notified to the Company according to the terms hereof and be accompanied by updated wire instructions for the new Holder(s) of this Note.  In connection
        with any such transfer, upon surrender to the Company of this Note for transfer, the Company shall deliver to the assignee(s) designated by Holder a Note or Notes of like tenor and terms for the appropriate Principal Amount.

       

      Section 9.2          Transfer Restrictions. The Holder of this Note may not transfer the Ordinary Shares issuable upon conversion of this Note, in a privately negotiated
        transaction, to any Person that would beneficially own (calculated in accordance with Section 5.1(g) above), after giving effect to such transfer, more than 9.99% of the outstanding Ordinary Shares, to the extent that the identity of the
        transaction counterparty can be reasonably ascertained.  For the avoidance of doubt, the foregoing limitation shall not apply to (A) any block trade in which a broker dealer will attempt to sell the shares to a third party as agent or other similar
        transactions with a financial intermediary or (B) any bona fide sales to the public that are not directed at a particular transferee, including, without limitation, sales through electronic systems or computer algorithms.

       

      ARTICLE X

        AMENDMENT AND WAIVER

       

      The provisions of this Note may only be amended with the written consent of the Company and the Holder of this Note.

       

      ARTICLE XI

        CANCELLATION

       

      After the entire Principal Amount at any time owed on this Note, together with any accrued and unpaid default interest, has been paid in full or this Note has been converted in
        full to Ordinary Shares or redeemed in full (and in either case, the Change of Control Amount, if applicable, has been paid in full), this Note shall be surrendered to the Company for cancellation and shall not be reissued.

       

      ARTICLE XII

        NOTICES

       

      Whenever notice is required to be given under this Note, unless otherwise provided herein, such notice shall be given in accordance with Section 8.3 of the Purchase Agreement.

       

      
        24

        
          

      

      ARTICLE XIII

        PAYMENTS

       

      This Note is payable without relief from valuation or appraisement laws.  All payments to be made to Holder of the Note shall be made in the lawful money of the United States of
        America in immediately available funds; provided, that the Company shall not have the right to pre-pay the outstanding Principal Amount of, or otherwise redeem, this Note without the consent of the Holder
        of this Note.

       

      ARTICLE XIV

        PLACE OF PAYMENT

       

      Payments of principal and other amounts shall be made by wire transfer to the account designated in writing by the Holder at or prior to the time of initial issuance of this
        Note, or to such other address or to the attention of such other person as specified by Holder upon prior written notice to the Company.

       

      ARTICLE XV

        GOVERNING LAW

       

      (a)          THIS NOTE AND ALL ISSUES HEREUNDER AND THEREUNDER SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE INTERNAL LAWS OF THE STATE OF NEW YORK (WITHOUT REGARD TO
        PRINCIPLES OF CONFLICTS OF LAW).

       

      (b)          The parties agree that the competent courts within the jurisdiction of the State of New York or the courts of the United States located in the Borough of Manhattan,
        New York City, New York shall have exclusive jurisdiction (and are deemed to be a convenient forum for each party) as to resolution of any dispute.

       

      ARTICLE XVI

        RANKING

       

      The Note is a senior unsecured obligation of the Company and will rank pari passu in right of payment with all other senior unsecured
        and unsubordinated obligations of the Company.

       

      [Signature Page Follows]

      
        

        

        
          25

          
            

        

      

      IN WITNESS WHEREOF, the Company has executed and delivered this Note on [●], 2022.

      

      

      
        	 	
                ALLOT LTD.

              	 
	 	 	 	 
	

              	
                By: 

              	

              	 
	 	Name:	Erez Antebi	 
	 	Title:	President and Chief Executive Officer	 

      

      

      

      
        [Signature Page to Convertible Promissory Note]

         

        

        

      

      
        
          

      

      ATTACHMENT 1

       

      FORM OF CONVERSION NOTICE

       

      [See attached.]

       

      
        
          
            

        

        
          
            

            

          

           [FORM OF NOTICE OF CONVERSION]

          

          

          Date: _________________, 20___

          

          

          Allot Ltd.

          Attn: General Counsel

          
            22 Hanagar Street

            Neve Ne’eman Industrial Zone B

            Hod-Hasharon 4501317

            Israel

          

          

          

          HOLDER CONVERSION NOTICE

          

          

          The undersigned Holder hereby gives notice to Allot Ltd., a company limited by shares organized under the laws of the State of Israel (the “Company”), pursuant to that certain Convertible
            Promissory Note made by the Company on February [●], 2022 (the “Note”), that the Holder elects to convert all or such portion (that is $1,000 Principal Amount or an integral multiple thereof) of the outstanding Principal Amount of the Note set
            forth below into fully paid and non-assessable Ordinary Shares of the Company as of the date specified below. Said conversion shall be based on the Conversion Rate as provided in the Note. In the event of a conflict between this Holder
            Conversion Notice and the Note, the Note shall govern, or, in the alternative, at the election of the Holder in its sole discretion, the Holder may provide a new form of Holder Conversion Notice to conform to the Note. Capitalized terms used in
            this notice without definition shall have the meanings given to them in the Note.

          

          

          	

                	A.	
                  Conversion Date: ____________

                

          

          

          	

                	B.	
                  Conversion Amount: Check one:

                

          

          

          ☐ Entire Outstanding Balance

          

          

          ☐ $______________________

          

          

          
            Please issue the Ordinary Shares into which the Note is being converted (in the form of uncertificated shares represented by an electronic position) to Holder, or for its benefit, as follows:

          

          
             

          

          	
                  Issue to:

                	Name of registered holder: 

                	
                                                                                                               

                  

                
	 	 	 
	 	
                  Mailing Address:

                  

                	
                  

                  

                
	 	 	 
	 	Email Address:	
                                                                                                                                               

                  

                
	 	 	 
	 	Phone Number:	
                                                                                                                                              

                  

                

          

          

          
            
              

          

          

          

          ☐ Check here if requesting transfer of the Conversion Shares electronically (via DWAC) to the following account:

          

          

          	 	Broker: 

                	
                                                                                                                                           
                                                   

                  

                
	 	 	 
	 	
                  DTC#:

                  

                	
                  

                  

                
	 	 	 
	 	
                  Account #:

                  

                	

                
	 	 	 
	 	
                  Account Name:

                  

                	
                  

                  

                
	 	 	 
	 	
                  Address:

                  

                	
                  

                  

                

          

          

          [Signature Page Follows]

          
            
              

          

          

          

          Sincerely,

          

          

          HOLDER:

          

          

          [●]

          

          

          By: _____________________________          

           Name:

           Title:

           

          
            Signature Page to Holder Conversion Notice

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