MINUTES OF THE MEETING OF THE BOARD OF DIRECTORS OF REPORTY HOMELAND SECURITY LTD. DATE: December 23. 2015 DIRECTORS PRESENT: Mr. Amir Elichai Mr. Alex Dizengof Mr. Ehud Barak Mr. Pinchas Bouchris OTHERS PRESENT: Yoel Keinan, Adv. 1. Call to Order. An adjourned meeting of the Board of Directors of Reporty Homeland Security Ltd. (the "Company"), was held on the Company's offices at 34 Nachmani Street, Tel Aviv at the above date and time. Mr. Amir Elichai, the Chairman of the meeting called the meeting to order and announced that a quorum of directors was present and that the meeting, having been duly convened, was ready to proceed with its business. A demonstration of the operation of the Reporty system (version 0.7/ 0.8 noncommercial version) that is currently operational was made by the Company's crew to the Board with highlighting the specific features of the system. Mr. Amir Elichai has reviewed the business and financial situation of the Company including burn rate, employment, cash flow and the current business cooperation that the Company has with its current customers such as MDA, Raanana Municipality, Channel 2 and with potential customers and business partners such as Haifa Municipality, Microsoft, Taldor as well as integrators. RESOLVED to authorize and approve that the Company shall examine the most preferable way to cooperate with one or more large integrators without providing any exclusivity to such integrator RESOLVED FURTHER to purchase all equipment required including servers and to perform a demo for the Reporty System in Singapore dated January 28, 2016. RESOLVED FURTHER to authorize and approve the Company to make best efforts to engage with one customer located in Europe. Mr. Dizengof has reviewed the technological condition of the product and a discussion was held with respect to the social features of the application and the timeline for launch. RESOLVED that following the approval by Apple for the distributio