On April 9, 2017, Ability Inc. received letters from each of Amnon Dick, Efraim Halevy, Amos Malka, Meir Moshe and Shalom Singer, representing all of the company’s independent directors, tendering his resignation as a member of the company board of directors and committees thereof, effective immediately. At the time of their resignations, Mr. Dick was chairman of the board and a member of the company’s audit committee and compensation committee; Mr. Halevy was a member of the company’s nominating committee; Mr. Malka was a member of the company’s compensation committee; Mr. Moshe was chairman of the company’s audit committee and chairman of its nominating committee; and Mr. Singer was chairman of the company’s compensation committee and a member of its audit committee and nominating committee. Each of Messrs. Dick, Malka, Moshe and Singer stated in his respective Resignation Letter that his resignation was due to his approach to risk assessment and management of the company’s affairs not being aligned with that of the founding directors and controlling shareholders, which made him unable to contribute to the company in a productive way. Each noted that, in view of the various challenges that the company is currently facing, a shared vision and broad cooperation among the company’s controlling shareholders and directors is required and that in view of the foregoing, and especially as he served as a director for only a few months, he does not believe it would be appropriate to continue to serve as a director of the company. Mr. Halevy did not state any reason for his resignation in his resignation letter.