AGE 71 COMMITTEES None SHAUL SHANI Non-Independent Director Director and Chairman of the Board since June 2020 BACKGROUND Entrepreneur Swarth Group and Shani Capital Group, private investment groups investing in public and private companies primarily in the communication services, technology, IT, and cyber sectors and financial markets Founder and Chairman (2006 to present) Magnum Group , an investment group investing in telecom and tech ventures, including DSP Group (a major shareholder of AudioCodes which was taken public in 1999) Founder (1994 to 2006) Sapiens International Corporation , a software development company which was listed on the Nasdaq Stock Market in 1992 Founder and Chief Executive Officer (1989 to 1993) Eurosoft , an IT company Founder and Chief Executive Officer Tecnomatix Technologies Founder (1983) Oshap Technologies Ltd. , a developer of flexible automation software for robotics Founder and Chief Executive Officer (1982 to 1985) BOARD SERVICE ECI (where Swarth Group was the controlling shareholder) (2007 to 2012), holding the position of Chairman (2009 to 2012) Global Village Telecom , a telecommunications service provider in Brazil (where Swarth Group was the lead investor), Executive Chairman (1997 until its acquisition by the Vivendi Group in 2009) DSP Group (serving as director on behalf of the Magnum Group) (1999 to 2000) Sapiens International Corporation , Chairman (1989 to 1993) held board positions at many private and public companies in the field of telecommunications and technology over the last 30 years SKILLS AND EXPERTISE We believe Mr. Shani is qualified to serve on the Board due to his extensive background in finance and private equity, his extensive knowledge of the telecommunication business and his experience serving as a director of companies in the telecommunications industry.