On March 3, 2021, the Board of Directors, or the Board, of On Track Innovations Ltd., or the company, appointed Mr. Uri Arazy, effective as of March 3, 2021, 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 forth in the Company’s Articles of Association. As a director of the Company, Mr. Arazy will be entitled to the same cash and equity compensation payable to the other non-executive directors of the Company, subject to the approval of the Company’s shareholders. Mr. Arazy was not appointed to serve on any Board committee.