| 1. |
Name of the Company: Perion Network Ltd.
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| 2. |
The objective for which the Company was formed:
|
| (a) |
The development, manufacture and marketing of software.
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| (b) |
Any other objective determined by the Company’s board of directors.
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| 3. |
The liability of the shareholders is limited.
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| 4. |
The share capital of the Company shall be NIS 1,800,000, consisting of 60,000,000 ordinary shares, each having a nominal value of NIS 0.03.
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| 5. |
Amendments to this Memorandum of Association shall be adopted if approved by the holders of a simple majority of the voting power of the Company represented at
the meeting, in person or by proxy, and voting thereon.
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