On July 5, 2017, the board of directors of Ability Inc. appointed three new directors to the Board. Avraham Dan, Naftali Granot and Limor Beladev will serve as independent directors effective on July 5, 2017. Mr. Dan will chair the Audit Committee and serve on both the Compensation Committee and the Nominating Committee. Mr. Granot will chair the Nominating Committee and serve on both the Audit Committee and the Compensation Committee. Ms. Beladev will chair the Compensation Committee and serve on both the Audit Committee and the Nominating Committee. Mr. Dan is an entrepreneur with global experience in various financial and business management. Mr. Dan’s experience includes strategic planning, accounting and control, investments and business development, mergers and acquisitions, re-engineering and spin-offs. He served as a director in Pangae Israel Ltd. and Amir-Marketing & Investment in Agriculture Ltd. Mr. Dan served as economic and financial advisor and managing director in ICTS International N.V. Mr. Granot served with IDF Special Forces, retired as a Major and joined the Mossad at 1982 as field operative, was nominated at 2002 as head of a certain division of the organization and at 2005 as deputy director, retired at 2007. During his tenure with the Mossad, Mr. Granot accumulated considerable managerial and intelligence experience in various fields relevant to the Company's activities. Since his retirement from the Mossad, Mr. Granot worked as the CEO of a subsidiary of Bronfman-Fisher group of companies in Israel and was involved in various fields of business in Africa and China, such as obtaining mining license on behalf of a Canadian firm Tau Capital and representing Israeli security companies. Ms. Beladev is an independent attorney, mostly practicing commercial and real estate law. She has served as director in several public, government owned, and private companies in Israel and she has significant corporate governance experience. Ms. Beladev serves as a member in several committees of the Israeli Bar Association.