On January 28, 2018, Avi Patir, a member of Ceragon Networks Ltd.'s Board of Directors since March 2007, passed away. Mr. Patir served on the Financial Audit Committee, the Corporate Audit Committee, the Nomination Committee and the Compensation Committee, on which he served as the chairman. After notifying NASDAQ of Mr. Patir's death, on February 5, 2018, the company received a letter from the NASDAQ Listing Qualifications Department, which noted that due to such death, as of January 28, 2018, the company no longer complies with NASDAQ's independent director and audit committee requirements as set forth in Listing Rule 5605. However, consistent with Listing Rules 6505(b)(1)(A) and 5605(c)(4), NASDAQ will provide Ceragon a cure period in order to regain compliance until the earlier of the company's next annual shareholders' meeting or January 28, 2019; or if the next annual shareholders' meeting is held before July 27, 2018, then the company must evidence compliance no later than this date. The companyplans to fill the vacancy and regain compliance within the cure period provided by NASDAQ.