On October 16, 2017, B.O.S Better Online Solutions Ltd. Board of Directors established that the company comply with the requirements applicable to US issuers listed on Nasdaq in connection with a majority of independent directors on the Board of Directors and with the composition of each of the audit committee and compensation committee, and determined to adopt the exemption. Consequently, Mr. David Golan and Ms. Orit Nir Schwartz are no longer classified as external directors under the Israeli Companies Law. They shall continue to serve on the Board until the expiration of their original term of office (January 8, 2018) or until such later date, if reelected to the Board at the company's upcoming shareholders meeting.