Re: Revised Proposal to amend the agreement signed between Gilat Satellite Networks Ltd. (“Gilat”) and Bank Hapoalim B.M. (the “Bank”) on March 6, 2003 (the “Agreement”)Amendment to Agreement • March 18th, 2005 • Gilat Satellite Networks LTD • Radio & tv broadcasting & communications equipment • New York
Further to our proposals dated March 21, 2004, March 23, 2004 and March 28, 2004 Gilat hereby wishes to propose to the Bank a revised proposal, which supersedes all past proposals, for amending the existing terms and conditions of the Agreement as follows:
