On May 5, 2020, the Board of Directors, or the Board, of On Track Innovations Ltd., or the Company, appointed Ms. Sandra Bjork Hardardottir, effective as of May 5, 2020, as a director on the Board, to serve until the next general meeting of shareholders of the Company at which directors are being elected or as set in the Company’s Articles of Association. As a director of the Company, Ms. Hardardottir will be entitled to the same cash and equity compensation payable to the other non-executive directors of the Company and will enter an indemnification agreement. The equity compensation for the period commencing after Ms. Hardardottir’s election by the Company’s shareholders is subject to the approval of the Company’s shareholders. Ms. Hardardottir, age 46, has over twenty years of experience as a results-driven senior executive. From 1994 to 2001, Ms. Hardardottir was the founder and Managing Director of Premier Recruitment Ltd., a recruitment company specializing in the construction industry, and co-founder of Premier Electrical Ltd., an electrical contractor in the commercial and industrial sectors. From 2003 to 2008, Ms. Hardardottir served initially as a Senior Business Analyst and then was promoted to Senior Executive of a national U.S. management consulting firm. From 2008 to 2012, Ms. Hardardottir held interim roles such as President and Director of Operations of companies that required short term relief to shareholders and leadership teams that faced immediate challenges requiring a shift in strategic focus and rebuilding of core competencies to align with company goals.